h"' u .1-' u v '. .;,( ".n . ,' v A -1 ' .v. v " n 1 ' M tH " f3 ' t ." ' 13VENIKG PUBLIC .tilDBaiSR-PHlLVBljiLBHlk; MOlSTDAYHiVY 24, i'920 T f m K- V w'FH ii t K- v ABOUT A DOLLAR Wc have issued a leaflet and chart which strikingly illustrates the purchasing power of the dollar as applicable to bonds and commodities. Copy on Application Blodget & Co. 501 Real Estata Trust BMjr. Philadelphia Telephone, Walnut 1606 Boston New York SECURITY VALUES CRUMBLED AGAIN NEW YORK STOCK EXCHANGE TRANSACTIONS nit n.A V I nin In t I Secondary Reaction Carried Most of the List Back to Bottom Lovols n General Asphalt Wc have issued a third Idler discussing the Vene zuelan oil interests and general business of this company. Copy Tvill be sent on request for Circu lar LP-53. Hartshorne, Fales & Co. Members N. Y. Stock Exchange 71 Broadway Telephone 7610 BotcHmj Green Stocks and Bonds Bought and Sold Private Wires to Neto York and Pittsburgh MOORE LEONARD & LYNCH .CUSHMAN NEWHALL MANAGER New York. May 24. There wns n fresh crumbling away of BtocTi value 1 flurlnc the first half of the session in ' j tndnr'a stock market. This cnrrle.l j ' infiiiy of the more active Issues back tu ' ; ami below the bottom level of Inst week'" I umiHi. and In several parts of the lit I new low record for the year were re corded. Increasing dullness developed at the lower quotations. Instead of be ing followed up by semlhysterlcal xelllns ns witnessed on Thursday, suggesting the greater amount of pressure ema nated from the professional contingent rather than because of renewed liquidat ing pressure. At the same time, judg ing from the feebleness of the rallies, the buying power continued extremely limited. Altogether the day's movements were wholly in Hue with precedents. The fresh shakedown witnessed during the I llr"t two hours wns the familiar seo i ondnry reaction, usually following a I period of urgent liquidation and violent fluctuations, such as seen last week. With the withdrawal of support of the ; stronger financial interests whloh had ! been given during the weaker periods. and with the overextended short Interest driven in, the market was virtually left to stand on its own legs. Tills account ed in part to the seeming Indifference to several encouraging and sentimental stimulating developments. i After the quiet and featureless open ing there was quite a good deal of sell I ing all around the room. No doubt a i goodly portion of this came from what 1 is popularly known, iu the parlance of the street, as the lame ducks. In other words, from n number uho had been I able to weather last week's squalls, but who had been hanging on by their eye lids nnd waiting a chance to get out and save ns much of their skin ns pos sible. The reactionary party helped things along by instituting half-hearted sort of drives, but altogether the telling pressure was enough to force a lower level of prices all along the line. ltecoverie.s of 1 to 2 points succeeded the first setback, but these were can celed when liquidation of oils became more extensive. Mexicans increased their initial losses and with active motor shares dropped - to 0 points. Steels were subjected to further pres sure, Crucible, the center of another drive, losing I) points, while Republic and Vanadium declined !i points euch. i Reversals included rails at 1 to 2 re- I actions. American Woolen was weak-J I est of the prominent specialties, losing ! ." points. A tl per cent opening rati' for I call money und the steadiness of foreign i exchange exerted little influence, as did I the continued improvement in the Lib erty Itouds nnd ictory Notes. Trading became stagnant at mid-day, following nominal rallies iu oils, steels and equip ments. SAGGING PRICES IN LOCAL MARKET Recurrent Liquidation in the High-Grade Shares Phila delphia Electric Weak I340 WALNUT STREET RITZ CARLTON HOTEL , MOMMA? ,-NtWYMK. PHILADELPHIA C Pittsburgh STOCK CXCHANOEj PITTSBURGH rrncK BUIL0IN1 EJUBMfflanB ESTABLISHED 1853 BIOREN & CO. i BANKERS 1 410 Chestnut St., Philadelphia H Government, Municipal, Railroad Corporation and Utility Securities jgj Hembert New York enrt Philadelphia B is Mock llichanae g SanmiiiiiiMiiiiir'isiiBMiiiiiji 'iiiiuium witti-ire - - i i ii BOLES & WESTW&08 Members Phila. Stock h'xehanre CANADIAN NATIONAL RYS. Equipment 7's May 1, 1935 Land Title Building, Phlla. Telephone, Locust 2015 The local market was weak with a further lowering of stock values all through the list. While the genernl market from the outset showed a pro nounced drooping tendency, the more unsettling feature was found in the recurrent heavy liquidation in a number of the representative local stocks, which only but n short time ago, were re garded a high-grad" investments. For such needless sacrificing of sound divi dend ping issues there can be only one answer. That is the strained credit sdtuntion. The imperative need of cash by business and individual in-tcrr-t, and their inabilitv to obtain such funds through the ordinary channels, forced such selling as witnessed to day. Nowhere else on the list was this perhaps n .trot'gly emphasized as in the cae of the Pennsylvania Railroad. 3 uhich v:l-- fcircul down to the lm.-.t gj level in the niemnrj of the olde-l fad 3 I ers on the street at .'!. The liqiiidu a tion, however, was not confined nliwio g i to this old favorite, but cropped im all oser the ljt. Sinnller selling of n S ' like character depressed l.ehigh N.-iu g gation over SI to ,"iS7b. l.ehigh Val 3, ley SI to 101 s. w I'roni ii pureh local viewpoint, the m i most uii-iitMug fentuie ii. iip.i,.,i in the i(.ei, . i r ..f l-"', in I'liilmli l.hlu si Klectrh . Hi pre.ing that Mm k to i;',. 3 the lower It lllln -ulil i.inie l!i, .t d i the -inn.' time renewnl -ieeiilatie g I liquidution carried Lake Superior to a g new bottnin at l-'c Klrctrie Storage f'ltattu-i a No on tap. and dropped SI! ."l in l.i. j. c, r,! nn fH Mile, iniiiiei :. to VJ. I.miiteil trans in t 1ii -. in I'liiliidelphia '. were inilile at , ,i., . inn of l'j n.int at :il. I'l iladelpliin Ripn '1 rim- fell hni i; In J" I'nited litis llllMuMl..et wu .ihiiiit tlio niilj of the l' ul Iiui-ch tn li-iw n -Ntani'e iind :i i relativeh i-teflih lit I'J's, Sals 300 400 100 300 1900 100 too 1700 too 130 :?oo 1100 100 oo 100 eoo soo 1900 .too M'JOO 400 1000 tooo noo too 1)00 soo too 30o soo 200 3100 7400 300 300 100 1900 1300 300 1800 100 UCO 100 100 1800 400 3.1400 300 800 8.100 300 300 700 100 300 300 100 400 100 1300 SOO uCOO 300 100 300 1400 100 A0O C900 200 3C0 400 1S0O 1300 SOO 300 3700 300 300 300 3700 400 3900 S400 100 2000 1GS00 3000 500 7000 200 100 300 600 100 100 500 3200 800 300 100 100 too 300 18300 100 200 200 700 400 2100 700 300 100 200 100 200 800 1700 300 COO 31)0 100 2500 H00 000 41.17 1MI0 101) 1300 300 Itlh . . Adams Express 30 . . Advance numely .... 30U" 6 AJax Rubber 60 . . Alaska Junea O M... 3)i . . Allls-Chalmcrs 31 4 8 Am Atrrl Chetn 1?j 7 Am Agrld ctiem pt... 84 8 Am Beet Sugar 80 10 Am UosclvMagneta ..103H 13 Am Br Shoe & Kdy pf.200 . . Am Can 37 H 13 Am Car & I'dy 131 in cotton Oil 41 Am Drug Hvn UU Am Kxpress 12? Am Hide & Leather. . 1'3 7 Am Hide A Leather pf. 87 Ji Am Internat Corp ... 8311 1 Am-Lu Franco i:ng. .. 10i 3 Am Linseed 18 3:30 Nt Low (NYtm) Chre. 4 80 7 8b U' 20 B7U 74 n 31 123 104 n 83 H 3J 313 8 Am Locomotive i . Am Safety Razor . Am Ship & Com. .. m smelt & net... Am Smelt Sco A..., Am Steel Foundries. Am Sugar Ref Am Sugar Rcf pf. . . 10 Am Sumatra Tob .. 8 Am Tel & Tel 20 Am Tobacco , 0 Am Tob Seo terno ctfs 33 li 7 Am Woolen 07 . . Am Writing Paper pf. 3S .. Am Zlna Lead & Sm. 13H 0 Am Zinc Lead & Sm pf 49 4 Anaconda copper .... SS 4 Asso Dry Goods 30Tj 0 Asso Dry Goods 1st pf 35 6 Atch Top & Santu Fo. 78 . Atlanta Blrm & All.. 6U 10 All Gulf & VT I S S...100! 7 Atlantlo Coast Line . . Auto Sales Corp . . , . . Baltimore A Ohio . . 4 Baltimore & Ohio pf 3.30 Baldwin locomotive. .109?; 8 Barrett 120 83 0 30 K 41 Bethlehem Motors 3 Bethlehem Steel li... . . Booth Fisheries .. Bklyn Rapid Transit. . . Butto Copper & Zinc. . . Butto & Superior Cop. .. Butterlck . . Caddc Central O & R. 6 California Packing . . .. California Petroleum. 10 Canadian Paclllc a Central Leather . . . . 4 Cerro de Pasco Cop., 10 Chandler Motors . . . 4 Chesapeake & Ohio.. . Chicago & Ot West. 3 Chicago & Gt West pf 30'-i .. Chi Mil & st Paul 31 U .. CM Mil & St Paul pf. 47i 7 CM & Northwestern.. 77 . . Chi It I & Pao. 0 CM R I & Pac 6i pf. 7 CM R I & Pao T'-o pf. . . Chile Chopper 1.30 Chino Copper 1 Coca-Cola S Colorado Fuel & Iron. S Columb Gas & Rlec. . . 1 Col Graphophono 1 Col Graphophono pf.. I Corn-Tab Record . 3 Con Interstate Cal M. 8 Consolidated Textiles. 7 Continental Can I Continental Candy . . 4 Corn Products Ref... 7 Ccrn Prod Rcf pf . . Cosden & Co 12 Crucible Steel .. Cuba Cano Sugar... Cuba Cano Sugar pf . . 19H 87 8H 11?s 7?4 20 4 13H in 70'J .114 C4 ; 41 .123 31 7'i 33'i GO'S :?; 13 30JJ 33 30 S3'i 311, 83 49 14 3M 82 10'i 89 .10.1 1 4 . 33 4 .132 . 4tl'i 81 Cuban Am Sugar, now 3SJs . . Denver & Rio G pf . . . 10 1 Dome Mines B'4 .. Elk Horn Coal 10V4 .. Erio HVi . . Erie 1st pf 18U . . Erie 2d pf 13 8 Famous Playcrs-L ... 69 3 Flslc Rubber 29 Ju . . Freeport Texas 30J4 . . Gaston Wms & Wig.. 11H . . Gen Am Tank Car. ... 49 Vi 6 General Cigar 37 6 General Cliem pf 90 8 General Electric 141 1 General Motors ctfs.. 35J4 6 General Motors pf.... 73J3 0 General Motors deb .. 96?i 7 (Sen Motors deb T'i.. 81(4 8 Goodrich B V 39 Vs 7 Goodrich B V pf 90; 7 Great Northern of . . . 71 Ji 4 Gt Nor Ore ctfs 34H . Gulf Mcblle & Nor... 12? .. Gulf Mo & Nor pr.... 28 4 Haskell & Barker Car 6tJ . . Hendee ctfs 33 1 Hupp Motor Car 10 'i .. Indlahoma Ref TA 6 Inspiration Con Cop.. 50 .. Interboro Con Corp.. 35-i . . Inter Con Corp pf 11J4 3 Int Agricul Corp pf. .. 79 . . Intl Harvester NVw.. 31 Vi Int Mer Marine 281. 6 Int Mer Marino pf ... 80J .. Internat Motortruck.. 31 . . Int Mo Truck rts . . . . , International Nickel.. 10H 7 Inter Nickel pf . . .83 . . Int. rnatlon.il Paper.. 6;4 . . Iron Products Corp. .. 43 30 30 66 "iVt 39li 19 8n 8S14 107i 109 H 3314 139 N 41 UK 133 tm 8(14 80 1 ion 77 li 89 lTl 20 57 74 3315 114 104 a 85' 93 K 313 3VA 04 38 13 J, 49 34 14 30ji 53 77 H OH 133 83 9 30i 40 Ji 107 130 IBM 80S ? .tl'i 7J' 30 U 13 1CH 70 Yt 37 114 03 40 K 110 31 71i 70 so?; 47 7o;; 33j; sou 73 HJ, 30 31 H 29 li 5.1 30 i', 83 49 13 ?i 30 U 81 id,; 88 1034 30 115H 48M 81 56 or, 014 IB 11 Vz 18 a 13 67 ; 27 Ji 30 11 14 494 374 90 1404 24 H 7314 094 814 59 90 71 34 13 284 614 33 10 7 484 34 10 Ji 77J4 2ti 28 H 70? 504 i 10H 83 04 H 43 14 '4 64 4 IK 30 30 66 31i at 70- 84f4 88H 1034 300 3J?t- 129 H- 14 41 - 4 UK- 14 133 3 165 K 854- 8 814- IX 10 H ?; 774- I 8914 IX 14 - 4 20 - Ji 474 4 74M- 1 36 - IJi 1344 U 104 3H 834- IJi "3 H H 312 3 3K- Ji 3K 381 I3K K 49 J4 55 t 39J4- 1 S3 5J4 78 J4 0J4 4 1604 3 H l H 'sK "i4 J Ji J4 H 14 I Ji 3K 1 14 Ji J4 V 85 9 108 130 18J4 86 -r 7- UJ4- 7?; 30 Ji -J3H 27 114 133 51 7J4- 20 31 - 1 Ji 47 IJi 70;; lji !3J4- !i 60 Ji- 5 734 14 IS 14 30 ?i 32 30 53 304 Hi 40 ? V 304- Ui 813 10K- 88J4-10314- 30Ji 117 49 - 81 58J4 9J4 0J4 19 UJ4 18J4 13 68 28 39 llJi- 1J4 4BJS 1404 i . 69J4 814 39 90 Ui J4 IK J4 Hi 44 ?4 iii Ji 54 14 l?t 1 J4 Ji 2!i Ji !i K 'li H Yl 1 Ui 1 71-1 34 - J 13 - 38 Ji 1 Ji 10-1 7J4 .. 4o- j'4 3J4 .. 10J4 .. 77 Ji- 2J4 21 J4 - K 2SJ4- j; 80J4 . . 30Ji y 164- 83 65 - IJj 45 - '4 I Bates 200 400 1100 1400 900 7900 3100 100 ISOfl . 100 100 1300 1200 100 100 100 100 8700 1509 3800 1300 4300 1S0O 800 100 600 200 200 500 600 200 1700 2800 200 3000 200 100 109 100 1400 100 600 1200 400 1300 10000 2100 100 6100 100 1000 800 loao too 6300 600 100 400 200 300 100 100 3000 300 1400 3300 too 2200 7300 300 4300 100 300 500 100 700 100 200 400 43800 300 5800 3700 300 1209 3400 100 ' 300 30900 100 1900 100 9000 6400 1200 3200 200 3400 3300 100 400 300 3200 100 100 500 4300 1100 3330 100 100 43800 800 300 1800 000 300 150 300 1000 000 300 1100 103 500 3900 mo mo inco 133 DIv i , Jtlh . . Jewel Tea 7 J4 4 Kansas City Southern 1$ 4 Kelly.Spg Tiro ...... 169 7 Kelsey Wlwel 39 54 3 Kennecott Copper ... 23 ji 3 Keystone Tiro & Rub. 13 6 Lackawanna Steel ... 67 .. Lee Rubber A Tiro... 37 Ji 3.50 Lehigh Valley 40)4 . . Liggett A Myers rts. ., 1314 6 Liggett A Myers pt... 1004 3 Locwo Co 28 .. Loft Corp UK 12 Lorlllard Tob : 133 7 Louisville A Nashville 67 ; .. Maxwell Motor 224 fl May Dept Stores pf.,.191 10 Mexican Petroleum ..169J4 3 Miami Copper SO 1.60 Middle States Corp... 29 K 4 Mldvalo Steel A Ord.. 41 . . Mo Kansas A Texasa. . ..Mo Kansas A Tex p'f. .. Missouri Paclfla Mlseourl Pacllla pf . . . Montgomery Ward . . 4 Mulllns Body 2:80 Nt T.w (NYtm) Clute. !.S0 3 National Acmo . Nat Anlllno A Chem.. . Nat Conduit A Cable. 6 National l;ad 1 Nevada Con Copper.. 3 New York Central.... New York Dock New York N HAH.. New York Ont A W. . Norfolk A Southern.. Norfolk A Western... North American Northern Pacltlo Nova Scotia SAC 3 21 39 Ji 3t; 33 33 Ji 36 K 73 U 07 3314 37 ?K 164 20 1854 48 73 49; 4 Ohio Cities Gas 3DJ4 . . Okla Prod A Rcf 4 .. Otis Steel 32J4' .. Pao Tel A Tel 39 fl Pan-Amer Petrol .... B6? 7 Paii-Amer B 93 4 ParlHh & Bingham... 30 3 Pennsylvania R 11 .. Penn Seaboard Steel. It .. Peoples Gas Chicago. 33"; .. Peru Marquotto 235; 3 Philadelphia Co 34 Ji .. Phllllps-Jones Cc 37 .. Plerce-Arrow Motr. . 3!S .. PIcrco Oil 10 8 Pierce-Oll pf Sljj 4 Pitt C C & St L 684 3 Pittsburgh C of P... 36 .. Pittsburgh A W Va... 23 54 1 Pond Creek Coal 13ji 8 Pullman U 3 Punta Alegre Sugar.. 102 8 Pressed Steel Car .... 94 54 1 Ray Con Cop 10? 4 Reading 814 , . Remington Typowrlter 60 .. Replogle Steel ?3; 0 Republic Iron A Steel. 87 .. Republio Motortruck. 39 3.20 Royal Dutch Amcr.. .1164 1 St Joseph Lead 1654 .. St Louis San Fran .. 235i .. St Louis Southwest pf 20 54 6 Savage Arms 47 .. Saxon Motor 10; .. Seaboard Air Line... 7 .. Shattuck Arizona .... 9 .73 Shell Transport 7355 .. Sinclair Oil 304 6 Sloss-Shetlleld S A I. 0114 6 Southern Pacific 02H .. Southern Rail 21 5 Southern Rail pf .... 35 7 Stan Oil of N J pf . . . . 101 J . . Standard Oil N J rts. 4 4 Stewart Warner Sp... 38 4 Stromberg Carb 02 7 Studcbaker 63 54 3 Superior Steel 4354 .. Tenn Cop & Chcm.... 94 .. Temtor Corn A F "A" 40Ji 3,30 Texas Co 43?4 .. Texas & Pacltlo 30 J4 6 Tobacco Products ... Clii . . Transcontinental Oil . 14 5 Transue A Wms Steel. 504 .. Union Oil 38 10 Union Pacltlo 1154 4 Union Pacific pf 6354 4 United Alloy Steel, f.. H 12 United Fruit I9S 3 United Retail Stores.. 73 .. U S C I P A. Fdy 0054 ..US Express 0 0 U S Food Products .. 58; 8 U S Ind Alcohol 83 ..US Realty A Imp... 51 n U S Hubl.er 03?; 0 U S Smelt A Ref.... 5 3.50 U S ?mclt A Ref pf . . 43 3 U S Steel 0'96 7 U S Steel pf 10554 7 Utah Copper 674 6 Vanadium Corp 604 4 Va-Carollna Chem ... 70J4 0 Va Iron Coal A Coke. 6854 .. Vlvaudou Inc 173; .. Wabash ?!i . . Wabash pf A 31 4 .. Western Maryland ... OH 7 Wostlnghousy A BrakolOS 4 Westlnghouse E A M. 40 Ji .. Wheeling A L E 034 4 Whlto Motor 0 1 Will.va-Ovcrland 17 3 Wili-on & Co 01 7 Woolwcith Pf 1' 6 Worthlngton Pump .. 624 0 W'gton I' & M l'f O ' Ex-dl-.Jd. nil 774 1K 984 59 23 K 3154 64 3754 394 13 H 10054 37 J4 1 133 97 M 33 J4 101 166J4 18J4 375 40 H 4 7 23 U 394 31 334 354 53 9 74 11J4 86 Ji 33 37 ifl !i 20 . 88 5 43 7154 494 38 K 3J4 32 39 93J4 88 J5 30 37J4 34 3355 23 Ji 34 57 35 1354 81 Ji 6855 36 3754 1354 110 1004 04 165 804 60 83 84 K 38 11354 1654 33K 13054 47 10 7 B 73 284 61 OOJi 304 33 toiK 38 oo4 59 45 K 9 54 40 54 42 38 K 6354 1354 60 37 11.1 6754 41 1V5 7 IJi CO 54 0 57 5i 80 J4 491-i 10 3" 43 soH 1031, 07 J 4 (.11 (ioi,i 88 Ji 17 i 714 31 U 1C3 45 034 48 Ji inh in 1(17 liil'i K78 7J4- 14 13 - i 0854- 154 5954 55 35 K- 33 - 63 374 40 -134 . 10054 274-.li-133 974-3354- 101 US - 1BK- 28 - 404- 454- 334-384-31 - 33 - 335- 355- - 54 - 54 71 W- 1?4 115 0614- ?4 3354 54 27 - K 6i- 55 2(1 8814 48 -715-40J4 MK--3i 3354 . . 39 OJ54- 3!J r,Ji- 3!i 30 1 r.i.i- i . 34 - 55 3254 34 22 Ja- W 34 . - 54 37 33 - 3 16 81 Ji- "i 8(i - i 50 - 'i SJJ4 I3JA , 110 K IJi 2 '.; 54 K J4 i 54 55 3 H 1 r 3 1 U4 ? Ji 1 FEW OFFERS MADE Fl )l CURB STOCKS Higher Priced Issuos Decline Two to Threo Points Trade Featureless r fffffllW HIWBBEgP XftmrmsTitwnn A asasjg i K li Now York, May 24. There were de clines In the Hrofld street curb market during the first half of the day, condi- ' lions iu the outside market being simi lar to those on the exchange, with the chief feature being an absence of bid ding around previously prevailing prices. Some of the higher-priced issues di cliued from 2 to over Si points, with tractional losses sustained in many of the low-priced stocks. Around mid day trading was dull nud without spc- ' vial feature. . Texas Coal and Oil yielded U points to ll1,;: and Carib Syndicate dropped II points to IS. Tropical Oil opened ut lb'li, but rallied to il,. A few other Issues moved up slightly'aftvr earl tic- ' (.lines were sustained. (Iciicral Asphalt was trndeil iu ntOl1-.. to Wt and Houston at 70 to OS. Aiuer. idin Woolen, rights, sold at Vs to 1. I'osden A: Co. uas traded in ut 0!li to Oiu. IMIt'MTKLM.S Klzh AiiH-r (.'iindy .nn Wuficu JUs li-.a tin .vupimit iiwikii i ntnucjl . ... i.imar Lual , I - .1.1 itun utv , Liiiiiu i uiu ......... ..tutu l w.il lit . . . v , Itlt.Lltr .Hid i.t ue i .hiki. oiiihi-r . .a.niarii.i. Jiuat atMvts Cu I liud Miu.ir.- .luto . n illmi aiictil logl i I. .v II I ! .-i. 'Mill i. i 1'iutli .-iiariiit; i Inn a ltt-1 i ulidy . . l' 1 4- i- . 24 . 3U . j' .123 . 124 . 33 . U2 : iii . 1-4 . H4 Low 74 C3-! 44 1-4 24 Is. 24 38 122 124 33 SI 14 14 Uis- UI'K 44 I 4 24 24 39 U4 12 J 124 I'.. 3.i Hi iit li"' m i Money for Canadian investment In the past year hundreds of American manu facturers have entered, or have made arrange ments to enter. Canada. They arc "bullish" on the future of the Do minion. Why? Because Canada is the giant nmong the nations of the British Empire. And quietly, but persistently, United States funds are coming to Canada for investment. Why? Becauso the present exchange rate en ables the American investor to buy gllt-cdged Canadian securities at prices that will vlolrf him from 6 to 9. ' Write and wc will send you a list of unusually attractive Canadian investments. AGENCY OF Royal Securities CORPORATION (CANADA) LIMITED " 165 BROADWAY NEW YORK mflHtfmiHlittM'Jl'Jx'w-Jl.i-Ji .,' tfyfl - Vi ii 54 Ut 54 54 IVi '4 "4 3 V h loo4 04 54-1054- si j, - t ' Ii0 - 14 ' HlHi i 14 84- 3 n - 2051- 47 -10 - 7 n - 20 .-0155- oi Vi - JUJ4 - 8.1 - Kit H- h 0014 (10 H " 18 4SH-r.J5-40V5-4155-3914-13 -1.1 5i -0 - -'5i- 114 - '! li lt Ui - 7l'i- (IU5, r II - 57 li - Ml I, - ao5j ' ci - jn ou'i :o.i!4 oi-i-CJ ?: - (.'i- 'ih !Sli 15 17 34- 5'4 ",i- ?I54- 0 - tr,.i - 4(1 D ni, in -17 -ni 1117 (I - UJH- l.Mli:i,r,M)llNT OIUS Allen ull '. 4 I illeil ml .Ill Alk.N'dl JU3II.II 24 liuune Oil U'-j iiuatun uiiiuiii f 1. nun i)ii 21 cushion tt Co '. ... ti4 1 unalni,- I'eiu I. t-luiilllllifti oil lu-4 UfcliKtUi-JU Ull '4 I'iiLiai till 2'.4 Ull.l.uv.1. (Ill 314 ' ULIii-y Ull.tllJlu .... ; i.uiiin I'l'tiuKuni ... ' ' lluU.lou Ull i'i ' Huonun Oil rt.lil.ll 011 I.ivln.itun i.uiic Mur O.is .titrtiuliullttin IVt uniu Fuel Ui;..i Nut (las riil.ilun IVt I'ltmburgh 11)11 Oil Milt Cri-ek 1'rod uiiilp,i Hft :-itUouh oil ."Iinmn I'ct f Kelly Oil spncer l'et 1XHS I'ucilU- Coil i-xhm I'm 1111 t'oil lttfl. . . . Tropical Oil ( n liu Oil Vii-torlu Oil nw Vulcan Oil .' Woutfburu MIMNti ! 4 5a I "4 1 5i 'A 'A ' I Ali.fka llr fnlumbU., 54 AltisKa Mines 1 AtluntK 7 mi; L.cai;e t.uuin ! Il'islun tc Montana .. Caledonia Mlnlnir . . Ciindrlarla M.iiIiik . I uiii ai iuiia .... Cons Coiiiier Mln . . , (1111:1 Virginia t'nrtcz Hlni"r Crundon Ooid Ciesi-nt MrNamara Kl SMliudor ttunltii Cpopus . . . 1 A I hi jiltnnir 5t (lulili-ll Hill ) llxp . ., . I.OIll t'nllH I 1 I Holil l)'fl : " (lulil Ki-wana 'V2 I (lolil- ilerKer yt Hull! (Slhrr rick .. . .. 1 ilulil Xoil) " iin-.it UenJ I.rnin.i Mlic-r Hk-Ih tlnliuf Ir1.11 UluMnni .lumlit Kxttriiiilon . . Kunx Divide MtNuiiiuiu 14 274 24 7U 4 27 44 21 Ul j; 124 34 334, Hi is" l'4 1W4 (34 lr 14 . 1' 2S 2S ii IM 34 .14 is"' is" 4 o4 1 4 I . lu-r. lUT. '4 '4 2,. 2 4 27 SV 2H . 7U "U 2i4 27 -a 44 14 24 21 31 Ul an 37 12 12 34 34 33 3.1 -, 14 4-. I 114 4 1U4 4P. lll- 184 34 34 14 14 4ft 24 .11 1H 1H J-e VA 'A (I o f, 294 1H ."It "ft I Maumn 1'onner Mjrfli Mining Moltn r Lode Mu.rr.iy Mo; North SUr ophlr ainrr I'rlntv Con Ufx Cons Kochmti'r ,r.ne . . . Hope (Iruup Vnn Tov Sliver Ktnu of Ariz Mllver Kins Divide . 8 Silver 1B(1 Sulcus Mlnlns Tnrionih'llelmont ... TniioiJnh Ilxienslon 14 14 3 in 27 .'.7 14 3 7 17 1 S 4l' 211 IS .'ill II II 114 9 1U4 42- In-, ll 4 14 34 14 14 44 27 23 3S 'ft The Philadelphia Insulated Wire Company Suoct'wr to Alfrrd 1'. Moore UataU) The annual net earnings (before depre ciation) of the Philadelphia Insulated Wire Co. for the last four years have averaged $13.05 per share of stock. Write for Circular i-A which descr iben this issue more fully. This company succeeds the Alfred F. Moore Estate, but the management re mains unchanged. It proposes to pay regu lar dividends at the rate of $6 per share per annum, which at offering price of stock will yield 12. Price $50 per share GEOKBNDRICK 3rd s CO. U3 WALNUT ST. ss?KW PHILADELPHIA. ... ..... . .... .. vr 5lemiifr .v lorK nnu i-iiiiu-delpbla Block KxcIhiizch Tt-Icplinnci: Hell Sprurn B12U KrjHlont Kaco 113K b 2U ! .Ml II 14 14 3 Vt Philadelphia Markets The Philadelphia Stocks Muil Comiuny IO-pur Drlirn. I'riiuf Uunlii Unlrr A I'nurr Nuliurlinn (ntH of rhlluilrlphla Nluiuluril (mi 4 I'.lfvlrlr In. Stinrrrr (III A Ili-tllllng ( n. Intlluna, ColumbiiN & i:.i(ern Amrrlrun Cum (minim; inn U,lr Honlli Curolliiu It.. I'r. 1 It; Norfolk & I'rlicinth Trurtlon Mnnilnril H(rel Work Coniimnj mrrlrun IUIhiu Coll. Triml llnrrltuure (iun Lompany t Samuel K. Phillips & Co. Mtmbrrn rhlliiilfljihl.i Swk I'arhanip BU7 CHlisTMT T. x""r 'N. III.'!) .", HMD -I". Til'! i. HIM 'N. Itl.'O ."! IIIJII 1. 'Jill II .", IH'IT 1. 1030 S. I'i , .". I"'- 3. ID.'K Bonds for Investment Circular Upon rteturit The National City Company Cerrtipondrn t Often in over to rll(j rhlladelpbtn 1411 Chntnnl Ut. Atlantlo City ltl5 lloardwalk II tfn I." A'li Inir 'Jll Wt Am Str.. -K! 7." liriP .! ; IJ MM'.l Slur 111 r.'.'li.n -pli !-nf HU 10(1 tlii., l',.P 1!H. Ill I di V A I'll 1 is:: l.nU" Snji i''", 1 1'..". I.(-li av. .V.i i.. l!i-I I.di Vnl. 11 'i J.'i I'n l'uit'1 I.IL'llt pf IL' 1177 I'a It It . I!!!', :i:; i'u Salt HI I'hilu I'n ii iln in iif idfn Pirn i:i"i' il I'lnl li T inn I'lnl 'I'i. i JflTnnii IS. I .'.o 'I Mm ".4 r i; I .. '."JO tl SMI tul-- Jll i:s 10s ii ui I'-iV, .-,7S H' 1 3" p ni 'JO i:: lOb 101 f 2! I rji; vi u -r! 14 1 nut. niii N- - V.-rl. i Tin. .".1 .".in . .::'". jm; I' I iinij b 70' -::i ::in.. JI : 'JO 1 )()- a, J . . .!', 1' 7iH.. i . .... , IL. I -. I'-", '.ill .ili.ir.-' On. .. .t ::i :;ii.. o.i jo p... i-'4 U'. on 1' i i . WHEAT neIPt S' "90 bunheli" mrkt rull firm at Kovernmnt prlcs. COHN Uc elpis none. Tradu slow nnd irlce dcllnT '.' We mint, .m lo qualm nnd lowti.m. at J!PSfi2 1.'i. '.n latter ror No 2 yellow . . . (.xJ.Rerclpts. ISOn buthl.i i an n.n ""riwiii-n-Mpt- 1:1.333'. iunji in ..rka Dull and v - ak at lb- followlnif nuoi t.tlonn l'.-r 10H lb pu k-il In 1 10-lb Jutj j,.u -sott lnit-r atraUbi wMttrn. IIJ.J-; i "i 13 50 do. do m.irbv 112 i...t 1, .o. nra .nt.r strilBht. M3 V 1 1 r.0. do. Hhort 'inn-n- 114 5uei.11 .10 M-rltitf "rt- cljr. ! ill 12 to patent J14W14 .'.. .lo. "hon I.Hti'nt H.i.V.i 1.1 2.1, fa-io prliiK and citv j nulla p.itent. Jamily l.rainU. tlOO 16 SO. Ho rilO fin.N-- i.li.1 but nilli-t Quotll l.n" r - t..li -- II" t i" "."!" M,i", ul .-ni ,i-.l-i.d .IU boft knucklci ..d ' ml -r. nwik- d i d alr-lrld o2o. pork. -fainl. I1"- hunt H I'. urc-d 1"0. 3 0 H 3h do Vlnnrt lo?. 3733M- .lo. do. lnmiMfd 305141V. h..m boll-d. bori.-l'. 3.1c. i.i-.ile phouU1r i- I' . ureJ loof -4c . Mii-kP-t 3V twill. 4 I" Pl''k'''-, "0"' "'C' ' ti'-kkfant baTi-i SI- bird. SJ'if Ill'lIKH W .dllv Ii ill nt th. followlnii . i. .I..' HU 1-.. ti'U.V tsCU -1-llllT. ...-y l-h.nplns nrot.d IHtfll.1'- Si outran .... ...,.. iii.flill. tlmtB x. vnfrxTv npt crfainr. (hole . --'." i--': - -.,:- .. .....i tanrv iHtlink-. onlinaii m . -l.rin'.o jobblr.c at 7l7.b; lor luncy. r,(i'rt7ni- for fair to zood '.iHl (1 UnM 14- In fro cut", -!.. ,m lr..n riArl.V. i-Uf ''l,i-' 7'.1- ' .-"-",. .1.6. (... WBl . , vtra ftratj. 1.14.' w-Htirn ttrr. 444 : )..'.-" IreJhiuii Jobbing t .'.3M.1BO per '"'""iKCSi: u,-k .c-rco and ni n. Th. nuou- tloim N.iv "ork Stat.'. wholr-mllK. !Mt. , hVT fancy 32-. .P-lal. Wbr 'to. ". 1 run. 2.'i31c tut'1 v. nol.-mlllt. r," ' .. . . t fn i 8. Ih. an .. . r i -n.ninu i "7 .- -'- - . A.lifhl.-i: I 14 lb nplci-e. 112c. ,'ioWoUr: to and ut OPrby current ro-j FOREIGN EXCHANGE New ork. Ma) I( The entlr'- llht was stroni; ut th oiciilnsr of tlie foiv Ikh exchanKO mitrkf-t this mornlnp. ftterlliiB gaining- l3t cents, nt 3.S7 for ilcmanil and 3.8 7 34 for cables. Frani'D wcri tit 'j cent, nt 1.: 4.1 fur i-."ibl-s nnd 13 IT for check Lire .ik nuoteil up to 18.40 for cahleH and chcckH to IS 12. Other eiuotattojib rro. HelBlan cables 13. U0. checks ID 02 j Su'lfiS cableH 17 "!. checks 17.C4 ; nulliUr cables 2G-, clieckH 3'3,-j; p-.-setns cables 16 75. checks Ifi 7U; Stockholm cnbleH 2110, hecks 2100; Chrlstlanla cableH 18 20, i lieekH 18 10; CoiienhaBn cablcH 16 60, i-h.-cks 111 40 After lower levelH around midday, for eign exchanseti tallied In We ufiernoon tradlnp Dunand Hterllnr sobl down at noon to 3 854 and rallied later to 3 8C-") tor d-!n im! md 3.874 for cnblen. Kr.inc i-.ibleH r.illn-d to 1" 5n and i-lieckx to IJ52 1.1 n ui.i- quotnl at 18.1.1 for cables and ih.-J,.- 18.17. MiiiIih sold for 2 50. MATI P.r. T.- PINAI. QUOTATION'-) -Mriii-j Trate s t.lr Clu'ldT i Kt4 ::i nn id 07 ;ii!- .1 :. 13 Ull lU.tl-1 3li4 V s run M.M7 CJVOTATIUS'h 'I'rllnu lnnc4 l.irn OuIIiIti I K7 13 47 IM 42 :i"l 3 s; lit 4.1 Id 10 3.1 Financial Briefs Tuno-Jltn Itutkr Tonopah Midway . . . Tnm.pnb Mlnlnu Tnnornh Mlzpuh . . . . 1'i.nonnll llepcut- tlul.l Vhluiy V. M i:ml i Whlt.i i'ii.B White I'.IPH P.M .... Wllliert errliiRtnii M 10 14 HI 1,1 12 14 s The nver.iue price of tweniv n.-Hvi imlUHtrlul Htocka udvanced i. .'n i,.r ,.n; mi Sjturdny to 88.40, hil iimij rail roads declined 0.07 per cuu to 7"J SJ. , Kor the year ended Dei ember M. Hie' Atlantic Krult Co. shnH-ed net protit after charReB of $1.807, 070, upilwileiiti 1IO.NDS D All i- 1 I'arkcrii . I. IS . . I. - lindiioii. i.tui f. Vuph 7s .UP.'I.II1 ii". n . ' . ns4 ino . llH-'i 4 4 1.'. t 14 14 lit til HI 10 14 14 11 til 1 1 1,1 11 12 14 14 h 8 5 3 3 H' , .1.' P'a -. in.'; (.' mmm iwimMva An-Imcome Every Month From Carefully Selected Securities This is Ihc Time to Save nnd Invest Your Money $1,940.62 will give you $140.00 per year Monthly Payments. We hnv grlerterl a , $50Q 3-Ycnr 7. Equipment Uoiul 500 in shares cf nn Br Preferred Stock 500 5-Year 7 Secured Ko'.o 500 in a G Bond dun 1031 A relurn of about 7.21 on Money Invested These Securities nre cnlhble at prices that would brinB 52092.50. Investment Bankers Members Philadelphia Stock E.xclianpe Real Estata Trust Bide Philadelphia, Pn. WPB l-lllllll-l'lllllll imfl to 11.57 per share earned on the 3Uo.U0i) harcs of caplifil ftouk of im par altic Although year ended D'innn-1 I able.- TUL jrroi- Hahs for lb. Ilscal Jlnrch 31 luM weto J2I.. 327. 8C1 lens than In the pnceillnif ar, not Income of the WestlnKliinine Klerirli i and Manufacturlm? i'. iiinuuniltii: t- $l.",2flj 311. .'H i iiuH.ileiit. iiftei pi e ferred dividend re-nilrenieiil.i tu flu CI1 ii Khare on th.- I7.l ' . t.' par alue. common Moik nulht.nulini: 'IiiIhI compared with S Hi. I .f a. hliaic earned In tho piecoillng tlfial eat I TlSc-.nnd t'abla MONEY-LENDING RATES The committee on s eiii-nie i or the New York Stock KM-hanttt. has lulid that tin- common moi-k dividend, uf Ti 33 1-3 per .-c-lil, .! land by tin Chandler Motorenr Lo , be nut quoted ex-dividend on Juno 1 and not until Juno 10. b- ; a "id l.i '.l r3'i 0UI1G i i i i- -klll. Ibn . 4ti U lb 1 roiiib-rii di-v bbl as ' Sto" .n ..nn Pen Hub l. I 1 Sup .is", .".fl li" tf" ll? A . " ' ... vtfy Railroad Equipment Issues To Yield 7 or Better REED A. MORGAN & CO. WII8T KN'D Tlll'HT lit II DISTI Membtrs of tho Hunt 8tok P:iib Stockwell Wilson & Lii Certified Public Accountants .". Idee Ti- J I.ak im 7 I.eli Val 11 ;S I. II. lb. mis Jd I'lS. 7 0 20 Ilil l'is 70 1-20 Itlii'ix UL. VI.' I", i. IP j Pa tin .-tf.102 .! Pbllii I'.lee 1-t .".. . :'. 1 'Minn Aim-r I nn li- !l' "is'. Ill', !!H, 1, II."1 1 11.1 si.:in vi.:st m.iiii.. ss. Ill s. II VS.-ld - S.-..-H m.m) r,:.',- '.111 .ill lin.lll !lll..,0- mi's i"i;'.. lis Oil III Till ..!,! n. r ruir 50ft HO- . ill, K.e. i.H,--i:) Pi-l l.Tlt l-'owls (ri-h .- i 1 , ii l ..- weifcniiw ! ,".: is, irh-i.B 34 bh ,..ubif :i :i7W3(i. '"' fr'"'; . i . r,..i .11. -, KIllitH . v ,. . IJ .KMKlll'iS .il . l. i -1 .1.- 3.1 3"i . .! t- .. i nn- I'lii-jti i.-in-1-Pfc AnmH. ner l.''". . ' " ' ". 'I'V... 'I1A.J i l.il ty lllrtltl,-, Ho per "' f-" 7 ' . , ,.,;, I'.. , ,er b.. .-... '-,' ;' t- T.iiiri i;. ,irrti-i -.-- - Ii 11 .'ifi ' .1.1 Htmbrrls. r , (il!rl -IlltHlr v Kr.K rAHl.KKWhlts potat'.e" I ' I- ,b Nn I 11.UU7C No 2 l.l( l.i -. s.. 3 S1i 111 whin- pwtutuH. old. i. r . -t (ii 7.-, a 7 .V do per l.io-lb bat. ii.iii II in v,-t ixitHtoes. Jerney. per l-l;t. ti n -I 7-. i-ji.t.niie ..iiilhurn. pr bbl -crnt,- . .loli 3 .in unlonn 11 .10 J 2.1 M'.H (MIK Money on call. Iinth i-lahfcCN f-f i nllaterul. opened today at G per -nt for lendlm? nnd reneulnp The .; p t- cent renewul rato on call lonn today wan In line with the fact that m'.ny wan left over on hevtral days nf hint we. k An occasional transaction . irp.rtid In time money til 0 per cent. Th. to i of thi mercantile paper mar I ' 1 1. iii'nu. d er llrni ami tendency l! tiow.inl T,i minimum in 7 4 Pr cent nml t i.i nut much paper niolmr. Pent, i .11 ! In fie eastern banking i mi. r- l'-h.i ban', acceptances ate moder .it ,ti'.-. Kt iiochnnired quotHtloni. Hruk rM an- r t IH blddliiB 63 per i-ent f- i.. -ve metnbr !'0 days' bllN .. I lonrf on ni.oeptances are un . n nr'd .it J1 Pr cent AppllcJitlon Is helm? circulated on the floor of tho New York Stock KxchniiRe for an additional holiday next Saturday. Application him been made to the New York Stock KxcliariBo to lilt V. W. 1 Woolworth lo.OOO.iii.O additional coin ' moil stock. Th stockholders of th. American RallwayH 'o comi mn mid preferred Mn.-lt of May 2!) will be 'ntltled to hub- 1 K,-rlbe to tho new t-ecoml prfi-rreil Htoc.U of the t:ompan a: J60 par HIkIiIh to Fiibscrlbe fvplte .1 ..n 15 No warrants will be Indued In c uimii'tlon with this I Issue of sec mil p - fi rrnl Hoik. I The Now York S'ibtrenpury (faln'd . SI.HiS.Oihi from t'.i b.inkH on Saturday maklntf a cash net tain mice l-'ilday of 12. 507. 000. iieuthi rn I I. Tiiiub, p, r ,rii- III iu.l.rill.-''ill. fi per cent; uin.- per ri"l commercial paper, ibrr. t,. six month '. 0 per cent (Note These are merely nominal' NEW YORK COFFEE MARKET iiuotattons. as the leal rntu of Interest . ., ..,. , ... ... It, thw flete of 1'ennsvlvanla Is fixed at i '' ,rl1' 'V",'V -' I lMippoint lnK C ur mil Plus premium and commls-, cnbles were iiiiiinlj i'i.NioiiKif for an s!nn titm money ror wuny ilnvx Ih In.inliiL- nt 7 tier cen commercial paper from inree to s x . llnrmL.,M t 20 points lower. Home IJOHB v.v.,.v. ... . ..... . NEW FINANCjNG PLANNED Corporations Aok Permission to Issue Stocks and Bonds HnrrUbiirr. Mav 24. Notices of In tention to Issue hundreds of thouK-inds of rlnlliirr' worth of now stock and mil lions of dollars' worth of bonds hae bei-ir filed with the Public Service Tom- tnlvKloir by railroad, electric, water and 1 oilier utility companies, some of ih I sirurltlf-R to bear 7 per cent Interest moiiK thone filing wore: l'.nnsl- , anla rtllltlrn Co.. Katton bund, $137,000; PennNlnnla I.lKhllnc l" I Phllndelphln. bonds JBriS.onn, phli-. delplila. Haltlmore and Wasb.itcti.ii Itatlroiid. Philadelphia, bonds SI, 1. nnu . iidO ; Pinnoylvnnlit Itallrond Phll.idfl- phla, bonds $r,0, 000 0011 of 7 per -. i ! and $r.0, 000,000 of 0 per cent; l.vketn- i Valb-v l.lifht and Power Co, Phllad. - uhl.i, bonds J73 ouo ; I'etm Centra! , Poi.-er and Transmission Co., Altoona, bonds yir.0,000; penn Central I.lKht nnd Power Co. Altoona. bonds $231,000, Metropolitan Kdlson Co., Heading, bonds ! $202.00ii; Iteadlnfr Transit and Light Co. Hendlnpr, enulpment honils 7 per ' cent, $60,000 Wllkes-Uarre Connectinic P.allroad Wlllif s-Harro. common mock I $82,000. bonds $10,000; Dauphin County dm Co.. Philadelphia, bonds $35,000 . Scr.inlon IZlectrlc Co, Scranton, homU $l'l.n,nnn, Johnstown Telephone (u . Johnstown, common stock. $1.10,000; Coimellsvllle Water. Co. ConnelHillb, bonds. $7000; .MonoirMicIa Valley Water1 Co Elisabeth, bonds $73,000; Sprln Urdok Water Supply Co,, Scranton common stork $2..1o0.000 ; SiirlnKfleld Consolidated Water Co.. Philadelphia, bonds $120,000. A statement Issued In connection with the latt.-r itts forth that tho bonds ir. to be Usui for a loan until n decision us to bvdrant rentals Is ulien in u. . Cnlted HUtes Suprenu- Court, appeal 1 nvlntr been taken from the Public Sei Ico Commission dtolnlon. Free of Tax in Pennsylvania EXEMPT FROM ALL FEDERAL IKCOSWE TAX West Chester, Pa., 5 Imp. Bonds Dated June 1st, 1920 Maturing serially 1921 to 1949 Price and full information upon application. to ninety i easier openlnr; of the local coffee futiitf Fot ent, while i market thin mni'iiluc. I'lr-.t prices were' low Reserve Banks' Discount Rates Olllclal discount rates at tho twelve leral a Hescne Uanke wt-ro ns fol- nn.nths Is ! r Lttu I M! v;i tis i iw, vruiicu i uuut xitcuummus i ,. T, r;ftt ;")UM.pie Bldg., PhiladeJphi. teXTf&X u London Stock Exchange Closed l.undoM- Jla 21 The mock ecuiii;e here l C?-u today, ictorla Day LIVESTOCK QUOTATIONS I'ltt.liiireli. I'a., .May 21 iia'I'i I.I. It iyi .Mm I h,I Steady rti-r 11.1 1 1 lo ,.-.: m i.'SI'-'.T.l. .o-i if tu m i i, ,. .ij loon Studj T .i ii, ilia.- I!, - pi -, TMio " " I " ier i wr l( .inull n h- urk rf. -l.i j . vl 3-", neht ori.er i' ..,'U 1 1.76, pin" I13 73U11 . .. ,, Hlltrp VN1 1.AMHHU --r' GOVERNMENT BONDS Did .101 .101 .101 lint 77 so 80 80 P.ir.mi i- ,upon la 103J ... I'n ., in, r.Kter.-J 2f. WK I'.iimiou uKlmered 2, , IWBH I'.iiniim rrltr;il 2. IU3S. I'aiiRtim rmiln .'If. 1901. . . Panama rKlter1 3s, lOnl I'hillDPln l. 1l rhll I i.H na 4a. 131 . Philippine l. 103"1 I1L4V Stj.d( luinl 117. Tun SIICc 1. V :.. ....... ..n n inn.. l n Hiivi cuityuii "., l s (lovt rerlaured If. 1830 ii tl Oovt coupon 4. IV- I1O.S0: iouI r- M Unit rsltt.-'id 4 1 lJit of CQlumbln S-43 SOOrt jot 101 5. in;.' o ,. . i.m: si:"m' Aal' 102 102 10J 111'.' Kl SI 110 no mi 1014 Hil'i 10H t ,1111 of the promilieiii imul collce unit) (un sliler It too early in the jrur to un tlclpate nny serious il,imoi:i from frosts. Iiurini; tlie early tratliug liere the market was fjuirt. iilthoucli priccn llriu eil up on u few liujinjc orders, ,lulv ko liiB to ITt.'-'O, September lo I t.ir nml Deci'inlier to 11.02, or !) to ITi points ubori tint opening level niul net uii cliutigcil to n u nilvonce of (I points. Toda July , , I Hiptember December . 'larch . , I'M. Hat cloe 11 vnia'.3 , II Kl)lll i H.82U6& 1.1.0?." '" II Ann in jl.MIJffl ll.8Qpb3 'loH-.on '.- York . . . PiillHib-lphla. . t'lei elurnl .... Hlclnnonu Atluntn ( hlcH Kt I .in, In . . Minn, apod . KniUH. Cl'y... DuIIhh . ban l-"ranUeo Troaa Ufa. . .1 . r. . v, OS . .I'I M.l Mi MS . r.iJ s . fill (SIB . 1 p.l .l'i OS Ti Mb. 5S '4 fm'l Ill-rs, I'aper Acit-ot " I 8" h Liverpool Cotton Exchange Closed l.lierpool, 5Iay 24, There wus no session of the Liverpool cotton exchanKu today on- account of Whitsunday holl- FRAZiER & CO. IJroaxl and Sansom Sts. I'honr, Walnut 5370 To Holders of Cities Service Company Convertible Gold Debentures Series C, Seven Per Cent Holderi of (ho ulnve Deb' ntures m.iy eon. ert on June 1. H'20. or on the first ,Lv of any month Ihernnfter ten ir c. ntiiin (ltl'') of (bo BKiireKut" iirltuliml umount nf Serlei C rel,,-ntures o.vned hv them rmpi" n ly nn May I, 1020 Conit-rHlnn inujil b.- renu -ste I by mich owners prior tu June 1 lli.'o ..r prior lo the tlrst il.iv of liny month tbrie ttr und upon deliiery b them on or n-. for June 1 1H20. or on or befori the ilrM ,lai of ny month thsreafler. of the Debenlitre ao dealred to Im. convi-rtid (properly epilors.d. If r'Kl'teieill to Henri I. l)ohrt & Coin pinj, I'IfchI Agents, such Ktbenturea will In. convert" d Into Cities Son lie Company I'r. (errl nnd Common HtoeKs on the btmls Ket fortli In i.uch Di-beiitnnea. eertltlrHtPH for ivht-h HtoeKs w-ill b lasueil nnd tri.ninllt.l to auth owners In thu ainounts renpectliely due. Henry L. Doherty & Company Fiscal Agents, Cltlea Service Company tVj Wall Street. New York DateclMjiy1'i, .lib!?- laMsaMaassiswsssMMMasM.ta Which are the beat for Con- aervative Investment and Profit? New 7 R. R. Bonds Old itfo R. R, Bonds Comparative study sent on request MARTIN & CO. (All WALNUT ST. PHILADELPHIA M. M. FREEiVlAF3 & CO. 121 Chcslnut SI. riiotir, Lombard 710 A CLOSED first Mortgage Uond. Outatundlng IllKhteen Yenra. Covtf. Inc tittain a. Jt,, Tennlnali. anJ Equipment I'Ricr. 111:10111: thi; w.ut 00. Now 58V2 Returnins 7V2 EDWAKDV.KAWii&CO. Morris Building GEO.A.HUHN&S0NS STori( A'n nnvni MeinbeVa oftha 1'hll.ilHe.hl" .V. Tork nd Ob csco StorW rel'-iirl Ne'" YnrK Cotton nchs.i Commission Orders Executed In All the Principal Markets UEIXKVHK WIUIII I1LDU. II IH Walnut Ht. NEW YOUK iirnro III urusuwuT. Nrw Vers n Hm HENDERSON & LOEB Members New York ani Philadelphia Stock Exchange lWO Chestnut a- I r, v js . & tft. '.; . jsr2fj'i.'j
Significant historical Pennsylvania newspapers