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''"W-
,
'- tiyfimWife'shi) jMmMvkiTSMmt,imA, imiftA.';'' june is, 1920
21
Every Man
With $500
Should Know
The General Rules of
Trading.
How to Give a Broker
Instructions,
broker's Commission
Charges.
How to Indorse a Stock
Certificate.
How to Use Collateral in
Trading.
How to Group Invest
ments. The Deposit Rcquiremento
for Carrying Stocks on
Account.
The Rights of Stock; -and
Bond Holders, etc.
Our free booklet, "The
Investors and Traders
Guide," explains these
clearly. Edition limited.
Call, phone or write at
once.
Ask for No. T.U.-915
JONES & BAKER
Specialists ;n Nets fork
Curt Market Securities
Widener Bide., Philadelphia
Phones Bell, Locust 4730
Keystone, Race 2290
Offices in 9 Principal Cities
Direct Private Wires
Seasoned Securities of
Strong Companies
There arc investors
who believe they can
get tHe greatest safety
consistent with satis
factory income by
purchasing securities
that have been tested
under varied market
conditions over a
period of years.
We shall be glad to
give on request the
range of prices and
' statistical data re
garding any seasoned
bond having1 a recog-
nized market.
Corretpondence Invited
Hemphill, Noyes & Co.
ilimh'ra Utw York Stock Exchtmo
Franklin Bk..Bldg., Philadelphia
New York Boston Scranton
t:
The Buying
Power
of money increases as com.
modlty prices lower. This
will relenHO large sums or
money which will be diverted
Into Investment channels of
Eomo sort.
The unusually hlch yield on
irongly Kocuiod Honilp, due
In extremely low prices at
vhleli tliy ni-o now selling,
affords an nttrnctlve Invest
ment opportunity today.
Baker, Ayling & Young
J. W. SWAIN, Jr.. Manarer
Land Title Bldg.
Bolon Philadelphia
An Unusual Investment
Yielding 8.64
Circular Upon Request
NAULTY & CO., Inc.
Flandprn ntillrllno
PHILADELPHIA, PA.
'ilKh Pr. her. Ila. 1027
Pm!!.l'r,emi-0.,.,le'5!,,,V 2- 'n
mi?rr iih a 1 ur 1 nm inn
Wn'nrrr,U 4 "'""" M0
!."ni. Co. 4, 1031
t turn Pnr. ICcmlii. 7 ioi
BOENMING, GARRISON & CO.
n. .2S5. X'HANnB IIIIIMllNa
DUrrt 1'rliai
r.,i ."ephane lo xrv York
"'Mia. hloik i:xchiiirei0'k
irilllier
. Samuel K. Pl f es & Co
M . ' '""". A pref. "
raorton Uchenbruch & Co
,W,"!H ChluM mfJ-u.' R'iso
, ;Krt Wtuburrt
, :- ill. f . a.
A, 1020
j-f mm. 4 Vir.""." 7,i ". 1037
",!s'i1:iri,&A!
f1,A,(,,;Fl".EARON& CO.
Wwell, Wilson &lihli
HrtW Public Accouatanb
rie., FW,.deIplli,
"UtOlftoblle Insnrnr.
At Actual Coit
M"TVLINSURANCn
SXnZZr:
v
'!tlliurali x ti L..1. ."
Miiflr nil a :;v".""r,,a"l t'oiil fin mi
V"'i! IJSSLiftto. !!!
1043
1 1.1..... " 1
A" I'ltles 1 ;, 'i"' , ' -S3
II lillKl il.. ."" "'Mill N. I Q.q
iiP
Phll.tlelpl,!,
Coal Mine
Management
IF you are financially in
tcrcstcd in coal propcrtios
VdU should investigate the
service we offer y6u.
Changing industrial con.
ditions , make efficient
supervision more essen
tial than ever.
Peabody management ser.
vice has been of great
benefit to many owners
of coal mines.
Ours is a highly special,
ized organization operat
ing thirty-six bituminous
mines in eleven fields with
an annual capacity of
18,000,000 .tons.
It is the result of thirty,
seven years of experience
in'imining and selling coal.
Booklet explaining thii service
, will be mailed on request
PEABODY COAL CO
CHICAGO
3'
30 Years
in Export Banking
INTIMATE KNOWL
EDGE of the needs
and habits of the people,
acquired by years of ex
perience and actual resi
dence in the countries
themselves, is essential
when transacting busi
ness abroad.
23 Branches in South America
. 8 Offices in Europe
Direct Connections With India
Anglo-South aaverictn
"Bank, limited
New York Agency, 40 Broadway
P. C. C. & St. L.
(Pan Handle)
5 BONDS DUE 1970
Guaranteed
Pennsylvania R. R.
Price 76 and Interest
Yield 6.65
(When, if and as issued)
1Si
Martin & Go.
IAII WalnutSt.
Philadelphia
Equipment Bonds
Free of Pennsylvania State Tax
Free of Normal Income Tax
Investment Banker
Members Phila. Stock Exchange
Real Estate, Truat Bldg. '
Philadelphia
REORGANIZED RAILS
Cnn now be purchased nt a frac
tion of their Intrlnelc. worth. Why
not prepare for their better position
marketwlse by studying our special
Utter. "The Rehabilitation of the
nails." which will be aent free upon
request.
Jfnrfcefnn'e securities enrrtra unon
conservative mnrolnnl bosls. Odd
lor n .iiirclnlfi. linnlrlcj (iii'llrtl.
fiOLPBEKG&HEIM
(QMilln. Ntm
j Cons. Htoc
tnck Exrlianga
Membera
nek Ex. of N. Y.
1622 Chestnut St.. Phila.
Phones Hell. Spruce .1017. 4.11)0
Keystone. Race 730
74 Ilroadwav & 480 Rth Ate.. N. Y.
Ktamford Conn.
FINANCIAI.
nlililrnd
INVADER OIL & REFINING CO.
DIVIDENDS NO. 52 AND 53
.Muskogee, OMahoma.
Tho regular monthly dltldend of lri nnd
nn extra dividend of II has be'n declared
lo stockholders of record June IRth, 1020,
l4)ablu July 1, 1IC0. Cheiks III be mailed.
L. C. IIDYD, Treiiaurer,
U XV. CI.ARK &"coTrilANKi:itS
Office ot the Huntingdon Development and
UH3 Cii
Preferred Stock Dividend No 1 1
The Itoarrl of Dlraitnra of the Huntingdon
Development und Onj Co h.ia (Jerlared the
refflrilir MHHrtarlv .HvlHenH nf one mill one-
half (IVii) per cent upon the preferred stork
ot tno company, payaiue .iuiy 1, iuu, in
atockholdnrH nf rei iiril at the close of bust
nesa June 1R, 1020. Checks will be mulled
to holder of Voting Trustees' Certificates of
depd
iosk.
FRANK T CLARK Secietary
STEEL & TUBE COMPANY OF AMERICA
The Hoard of Directum has declared th
inline iilin.llu Hli litan tt il'af7 nn till
regular iiuarterlv dltldend of IW1. on
71 Cumultttlte Preferred Block of the Com
pan, payable July 1. 1020
holders of record at the iii
tn the etock-
osa of busfnesa
Ju
ns 21. 1020. Tha transfer book will r
X-1aV-3BP,1tfKrtScglm
. WINIlli CI11;
gap TO THE IIOLUEH8 OF WKI19TER
rial. iSJI yjd , Company' Consoll
finii M,t,lt"lt ! l' Cnt Opld
aSSgS !? In, .pursuant
tn
e'-vr;:..'."!. v. " consoiinaua
First
leeurlns:
irr&rtffl?,t.iL& &mwl
inm u
nqom W Stephen .ai7.7d nillfflnt. "rtllS!
o'elrtfck Noon,
l?f,.,f :,.!lold" of ,he. outstanding bonds
SSS?-Jir!Lior,,"S for, the. purpose of
ISyPrlAiJ '."T relets- from tha llsn
and operation o: said mortgage, of the fol.
!2Z.l!l..F."ctiM ol I,nd Included' In aald
mortgage t
mm ,-rnn.r-pJ.cl,Lr.' fac In Hum
mernlll Tonnshlp. Cambr a. County. Penn
aylvanla. aggregating about 1)10 Screa 82
?$i"olhPJOPC t0 b "0,, Coorid
Sii'Lt.hiln. C?.?.W,V Croyle and Summerhlll
Townships, Cambria Cnuntjr, Pennsylvania,
perches, with 97 Rcrea and 2R perches of
!;r.,laCf,AmpnlSp5,, to b old t0 " Melva
Coal (.ompany.
Eight tracts or parcels of coal, situate In
?siT.m'niV.SorJi,M an"U Munjler , Town
ahlpt. Cambria County. Pennayivanla. a a
r;alln about 181 acrea and AO perchea.
rgropoied to ba exohanaed with the flummlt
Water Supply Company for two trarta of
roal In
Aiunitrr arm summerhlll Townahlpt,
Cambria County. Pennayivanla
an nual arreaae.
anrreiatln
VfEUSTEIl COAL ANT) COKK COMPANY
Dy A. O. EDWAnns.
. i . - Secretary and Treasurer.
Dated New Tork. June IS. 1020.
RTANDAnn OAS KLKOTItlO CO.
Sinking Fund .Pnrclmae Conrertlhle
fix Per'Cent SlnUlnr Fund flnld Bonda
Purauant to the" provlalona of the Collat
eral Trust Aarcement executed Decemher 1.
inn, by the Standard Gae and Electric
Company to the underalaned. aa Truitee, to
eerure an authorized laaue of Thirty Million
Dallara Convertible Hlnklnn Fund Oold
nonda, maturing December 1. 102(1. the un
dertlmed hereby alvea notice '.hat It now
has on hand the aum of aventy-four thou
and two hundred and twelve dollars ana
nve eenfa ($74,212.05) In the Blnkln Fund
Provided hyaald Truat Agreement, nnd that
II 18 in
Intention to apply aald aum, under
ine provisions ot aaia Trust yiareemem, to
'.n tpurchaae of aald bonda. Offer of said
bonds are Invited at a price not to exceen
par, accrued Intereat nnd five per cent
premium. Sealed tendera ahould be addrsaed
to the Philadelphia Trust Company. Trus
tee. Rlnklns Fund. Standard ra and Elec
trie Company, nroad Btreet Office. Liberty
tluUdlntr. Northaat corner nroad and fhe;'..
nut atreeta. Philadelphia, dealanatlne the de
nomination of bonda tmdered, and will be
received until .1 n, m. Tneednjr. Jolrfl, lOtO.
P1UI.ADDLP1IIA TRUST COMPANT. Trua-
tee. By JOHN C. WALLACE.
Treasurer.
Philadelphia. June 4. 1020.
CniWTETl COTTNTy rtjni.in SETIVICE
rnmiuinv virat Morirnea Thlrtr Yeara
A Hlnklna Fund flold llonds, Due June
lat. 1041.
Pursuant to the terms of the mortraae
dated June 1. 1011. the underalaned invite;
tenners or the anove nonoa lor aaie am
delivery aa of July 7. 1020. at a price not
to exceed one hundred and fle per cent of
the par value thereof and accrued Intereat
lo the extent of $2328.34. the sum now
available In the sinking fund.
Sealed tendera. atatlna- the numbers of
the bonds offered, ahould be addressed to
"heater County Truat Company. Trustee.
Sinking- Fund. Cheater County Public Service
First Mortcnce Thirty Tears Five Per Cent
S. F, Oold nonda, and will be received until
a p. m., July fl. 1020 . .
CHESTER COUNTY TIIU8T COMPANY
Trustee.
J. V rtAMSET, President,
West Chester, Pn., June 1. 1020.
. .
CANNKI.TON COAT, ANU COKF, COJIPANT
FIVB PKIl PENT FIHBT MortTGAHB
UOI.D IIONDS. DUE JULY 1. 19S0
SINK1NC1 FUND NOTICE
Notice la hereby Riven that, purauant to
the terms of the mortgage dated June 20.
1010, eleven (11) of aald nonda of ttnno each.
numbered aa followa: 55. 00, 03, 334, 300,
80S. 474. 50.1. R23. R04 and ROO. have heen
drawn for redemption hy the Blnltlna; Fund
at par and accrued Intereat aa of July 1.
1020, when all Intereat thereon will ceaae.
The above bonda will be paid on and after
aald dato upon presentation with coupons
then due and ell unmatured coupons at
tached, at the offlco of FinnLITT THUBT
COMPANY. 32S Chaatnut Street. Phllndpl.
phla. In ivhlch truat company tha money
has been deposited for aald redemption.
FIDELITY TRUST COMPANY. Trustee.
Wm. T. Clest. Presldont.
Philadelphia. May 20. 1020.
To the holders nf Debenture nonda of the
University Cluhi
Notice la hereby Riven that all the out
atandlnir Debenture Honda of the University
Club, lisue of 1013. have been drawn for
redemption on Julv 1, 1020.
All the above Honda wilt bo paid upon
presentation thereof with all unmatured
coupona at the Commonwealth Title Inaur
anco and Truat Company. 1201 Cheatnut
Htreet, Philadelphia, on the date nbove men
tioned. Interest on eald Bonds will ceaae
on aald dnte
HOWAItn COOPER JOHNSON.
Treasurer.
Propoanla
COUNTY 110NDH FOR SAT.K
Notice Is hereby slven that the Hoard of
County Commlasloners of Schuylkill County,
State nf Pennayivanla, will receive scaled
proposals, throuah the underalaned County
Controller, at his office In Pottavllle. Pa.,
until 11:30 o'clock n. m. Friday, June 23,
1020, for the purchase nf seven hundred
thousand ($700,000.00) dollars of Schujlklll
County bonda. Issued for defraying- the e.
pense of bulldlns the state-aid lilehwov be.
tneen Hometown and the borough of Cl.
rardvllle, this rounty. and to be known as
'Hlcrmay Bonds of 1020."
Said bonda to be the following drnnmlna.
tlona: Fifty bonds of JSOOO.OO denomination
each, numbered consecutlely from No. 1 to
No. 50; 300 bond of 11000.00 denomination
each, numbered No. Rl to No. 3,10: 300 bonda
of J50H.OO each, numbered No. 331 to No.
Suld bonds to bean Interest at tho rate of
(Ho (5) Per cent Per annum Coupona
pajnblf July lat and January lat of each
ear. Tho date of maturity of said obliga
tions la to ba on the first day of Julv, 1050;
but bonda may be redeemed on any Interest
payment day after the first day of July,
Purchasers will be required to deposit
wllh their bids In cash, by certlfled check or
bank draft en (10) p-r cent nf the amount
of auch bonds, the balance to be paid when
bonda nre delivered.
The right la rcscned to reject any or
nidi must be delivered to the undersigned.
JOHN E SCIILOTTMAN.
County Controller,
rottsvllle. Pa,, June 10, 11)20.
PHOrOSAI,
The Board ot Education of tha Porough
of Audubon. County of Camden. N. J., win
receivo proposals for th erection of a ten
room addition to Schoolhouse No. 2 and a
four-rnom addition to Schoolhouse No. 8. so
cording to plans and speclnrations prepared
hy tne architects. John If. Mower and
David C Lan, until Tuesday evening. Jnl,
0. 1020. nt 8 o'clock, when same will be
oiiened In th boardroom of School No. 1.
At th same time eparat propo.ai, wiu
beJecelved for foljowlnc work:
Seating and--ventllatlnaT.
Plumbing.
Flctrtcal work.
CONDITIONS FOR PROPOSALS
All bidders on addition! muet submit pro
msali for both srhoola. "r"
All proposals for erection of additions
must bo accompanied with a certlfled check
in th amount of HB00 on each school,
drawii to tha order of the Board of Educa-
ll0Ail prorosala for heating, plumhlnr. etc..
must o accompanied with certlfled check of
pot lesa than 10 per cent of nrapaaal. drawn
fo the 1 order of the Hoard o Educat Ion.
1 each set nf plans and specifications, to b
rafundea upon return u. eauip.
All proposals must ba aealed. signed and
marked for the lob bid for.
Plana and specitlcatlons can he had from
the District Clerk.
The Board of Education reserves the right
to accept or reject anv or all oroposala for
the beat Interests nt the board
tne ueat OEOROE N. HOFFMAN.
District Clerk.
Box SO. Audubon. N. J.
rilOPOSALS FOR OAI WORK AND
l)iCAIAur.
Healed bldj will be received until 2 P. M.
June list, J20, and then opened, for ap
proxlmat'fy Three Jrilea Roads with concrei.
EulCerts and also Sewerage and Drainage
System at thla plant. Moat of material and
equipment furnished, plana and arfSeclnca
tlona may be obtained by applying to this
offlco. conjtrU(;tlng Quartermaster.
U. H Nitrate Plant No. 2,
MUSCLE SHOALS, ALA.
pnOPOHALS FOR CONSTRUCTION
?, a.l. air Ml tiA faa.(vH ut hD -.
Plana and apeclficatlona may be obtained
from hl ofTice.
irom ""r.nn.lnielln Ouartermaater.
U, H. Nitrate Plant No, 2.
MUSCLE SHOALS. ALA.
PKIIPOHAM FOR TRANSMISSION LINE
rieiled bids wll be recelted until 2 p, jj.
June Stat. Htt0 "nd thon opened, for eon-
Plants Noa. 1 nd 2. approximately four
I linn- i. nt mil., al anil ennlnmni
r..,-.. Mmi n innicrmi eiiu cuu umi
nt
furnished. Plana and sr-ecincatlons may b.
ubUlned by applying at this office.
"tt" Construct ng Quartermaster.
U. S. Nitrate Plant No. 3.
MUSCLE SHOALS. ALA.
l-ROPOSALJ I FORMKCIIANIOAI,
Sealed bids will be received until 3 P, M.
1..7.. otut. 1070. and then opened, for add!
tlona and alterations to the mechanical
eaulnment at this plant, nans and apecla.
catloa may l outaineii irom una onico,
Cnstructln Ouartermaslerf
If. S VII rule Plant Nu. 3
MUSCLE SHOALS, AIM.
PROPOSALS FOR nnKnaiNii
United Btatea Knlner'a Ottlc. Wllm nr-
ton. Del.Sealed prcVposala will m re.c'vd
hero until 11 a
nlv IK. 1020. and then
Sealed bids w 111 be recelted at this ofllc
until Juno 21st. 1020. and then opened, for
linnrotcmenta of quarry, comprising approx
imately four mllea railroad, crusher plant,
storage bins, housing and sewape disposal.
'.". '., material and eaulnment furnl.h.a
opened, for dredging vyatarway btwe
hoboth Bay and Delaware . P, V
Canal). Dalawar rurthcr Informatl
ppjlcBjilpn., s .
nil a. 111. wm
waterway ttwen R-
u
Nco YorU Bonds
tBAl,ES IN tlOOOl
Amer'n Aar A
Chem Bs
1.,... SOU
Amer Smelf'e
rten's ra
1 77
1 77H
S 7TH
2 77i
A Tel ft T clt
B 78'i
n 78
1 78i
nopfc
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City NT 4a 07
Pow'r Co ti
1 73';
1 62
City NT 4a 88
Ore-Waah'n n
R2
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City NT44,0
0 (14 'i
R 04i
1 03
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1 02
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1 02U
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fi 70 "i
A Tel A Tel bs
Pa It gtn 414a
1 74 T,
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1 7B
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3 7RH
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1 70
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10 .. . 85
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fifi
RR
n."ii
sr.
R3
Rfi,
37
R7U
0 74',
.'!!..' 75 '
l!!!'.. 74
R .
2..
4..
!
io.!
Cent Leat'r Rs
1. ... 01
S'n Pac cv fis
Cent' I Pac 1st
J" pjj
!!!!.' 04's
2 00U
12 00
1 00
20..
1... OR
C A O cv 4i
Ind'a Steel 3s
S'n Rallw'a la
1 70 4
1 704
- 85
In'o Rap T fd
3 fiOW
7 30 'a
12 5fli4
3 70 ',
4 70',
1 70
fil
fil'i
.11
fil'i
31
Rl
Rl
R1'4
S'n Rallw'a Rs
fi...
3.'..
33...
R...
5 RO
2 81H
C & Ohio cv 5s
0 74
1 74
1 71
1 74
Tex k Kast Ra
1 82
Union Pac fd
4... . OS-Hi
0. 0fl4
4 .... UH.
R 0R4
0.. 07
C. & Ohio R i
01
A Dv 1st
1 . ... 03
Int'l Acrlcul'l
Corp'n Ra
4 70
3 Tftii,
Chicago B'n
Qulncy gm s
L'nlon Pac 4a
2.... Tl1
Int'l Merchant
le.. . 7.V4
3.. . 77,
Chicago B'n A
Marino fls
10 R4
1 81 '
1 84 Ti
Clulncy II 3":
Union Pac Us
3 68V
Chicago B'n A
07
UKUDI'21
Qulncy 4a
Kan C Ft S A
23 07
04
Memp 4a
1 R0
1 aim;
3 ' R0U
20 Ofl'a
01
14..
1..
to.
1.
1R ".
2..
1..
00 '4
07
117
on '4
07
07',
07
07
nm
114
in
04
10..
10 .
1-.
R..
n
8..'
4..
3 .
1..
7 .
Kan C A H 3s
1 R2.
03
Kan C A 8 Rs
04
04
04
111
01
04
1)4
1 00
Kansas City T
Rly 4a
1 04
1
07
U -K tl II A 1
rcta '22
1 PI'
2.... Ol't
II IH'i
& 114
8..., IM'
u k ti 11 t
Lack Steel 'R0
R 88
1 80
R.
03
Lke Shore M
Chicago A E'n
a'n 4a '28
10 78
3 78
III ct 4a
1 20V
Chicago k Ot
Lehigh V'y 0a
rcta -sw
West'n 4
1 .... R2
1 R2
1 03
104.
Ml,
sn-
L A Myera 7a
1..
0..
10..
I..
10..
11..
1.... 102
Chicago Mil A
Lorlllard O 7a
St P fd 3a
3 R5
1 101
0.... lOlt.
8(11)
hi
sn,
80 l
Chicago Mil A
LAN rcta 7a
Bt P 4a
12...
10...
no4
II
l 01
U K-G R I '37
2 84.
10 84,
4 84.
R 844
1 84
4.... RR
1 01
nnn
1 01
Chicago Mil k
St P d 4s
3 ... 50
4 . . . . R4
Chicago Mil A
SIP cv 4
2 03
1 . .. 04
Chicago Mil A
StP fd 4 Ha
3 . . RR
2 . . . R5
Chicago Mil A
St P cv fis
3 04
3 ... 01
2.. . OR
Chicago Mil A
St P cp Rs
fi .... 00
Chicago Mil A
8t P Wm
3 70
Chicago Rock
I A Pao fd
10.
2.
nns
3 00
1 7HS
Mid S 4 O .la
I 78S
!.... 78',t
1 7N
1 J1W.
U S Mexico Ra
5 32l
1 ... 84'
13 32
M K C c 1 II
Ut'd Rda San
7 . . . . r2H
F eqct 4s
1 . .. 23W
U 8 RubT Rs
0 78i
1 784
R 7S't
2... . 78i
U 8 Rub'r 7a
3.... 00U
U S Steel Ra
1 811
Mo Tac sm 4a
T B2H
3 A2
1 B2'i
Jin Tac Ba '2.1
1 84K
Mo raeltlo Us
4 07
N V C A II R
R II 3Ha
1 03K
fi..
2..
27..
1..
2..
1.1..
20..
89
.80
8
80 i
MM,
MM,
n y c k a n
RR cn 4a
2 (14
1 3H
X Y C A II n
R R 0a
3 fi7;
2 87'
8 .... 87".
01
1....
1
1
I.....
1....,
Chicago
01 'i
01
n(H
80 4
SOU
1.
Utah rower v
Lleht Ba
1 74t
Vtriflnla Rail
waya Ra
1 74
Wabash R lat
1 82'i
1...., 82
Weatii Elc Ra
1 04 4
West Shore 4a
K.... 074
Wost'n U 4a
3 .... 78
Wilson Co cv
1 8R
8 8ft
1 8RI.
4 844i
New York I, &
Ruc)
Wn 0s
1... . 081.
I k Pac Aa
1 81
Chlneso Oov't
H-K niya Rs
R .... 4)
3 41
Chicago Union
Sta ct 0a
3 ... 100
1.... 101
1. . 101
2 . . 101
N Y Rlwya 4a
-' .... 22H
N' Y Rlwya ,1a
1 0!i
N Y Tele' a 0a
6 RS
N'k k XV Vo'a
Coal C 4a
1 784
N'n I'aclflo 3a
4 2;
3 .... f2U
N'n Taclflo 4s
1 70'1
I...... 70
10 .... 70U
City Bord'x fls
1.. . 83'
City Lyons t"
1 . . . 85
City Mara'a fls
Wilson Co 1st
1 85
0 70S!
1 8T;
(N. Y. time)
l:IB
Rich
H2.10
S.1.510
S5.00
S5.S0
N5.S0
S0.2S
80.(10
0.-1.80
115.8(1
Low
02.00
M,20
R-1.02
85.00
85.22
8.7fl
85.fi0
05.00
D.'.IM)
Liberty 34
Liberty lnt 4s . .
Liberty 2d 4s
Liberty Ixt 4iR
Liberty IM 'ib.
Liberty ftil 4i8.
Liberty 4th Ph,
Vie Notp.''V...
Vic Notes 4,s4.,
02.04
85.S0
85.00
85,80
65.50
80,0(1
85,70
05.82
05.70
Petition for Extra Holiday
A petition la being circulated on the
on of the New York 'Htoel$ Uxchulge
10 73
1 734
30 73
4 73
10 73
2 73
10 73k
3 74
Imp Jap O 21
10 72
-;.. 73
imp Jap ( 4s
orrnatlori n I oon oi inr itv I" nmwi
orrnation P(,ocloli tho f Changr July 3,
floor.
MARKET A GIVE
ANDTAKEAFFAIR
A Little More Vitality Was Dis
played on the Btiying
Side New York, .Tunc 18. Tho New York
Evening Sun's clotting finnnclnl review
todny any:"
The ntnrk market todny hntl a few
chcorlntr Items to reflect In the tlerlnra
ilon of the regular Northern Pacific div
idend and in the unofficial but positive
assertion that an important gold move
ment from Orent Britain to this country
wag Impending. There wnR more vital
ity on the buying aide than hns been
evident In the Inst few dnys and there
wai aome Increase over the recent low
average volume of trading, but for nil
that the market was still a profes
sional trading affair. In which outside
participation wns negligible.
As is usually the rase tinder such cir
ctinutances, individual stocks looked
quite weak at times under experimental
bear selling and again looked strong un
der short covering nnd fresh buying, but
its the bulk of the operations were en
tered into with the Idea of making a
quirk turn prires ns a whole did not
make progress in cither direction until
late In the session.
l'rofeslonnl give nnd tnkc of this
sort, which always nceomnnnies n wait
ing market, continued throughout tho
session, although here and there a few
shnres reflected special operations. The
shorts in'Kndlcott Johnson were smoked
out, accounting for 'the ndvnnccs In that
lastie to IKI, The coal stocks and the
rnnl mils en me In for rt brief snurt. the
buying apparently being based on the
reports of record cool prices ami a
tifwslhle fnmlne next winter. Pitts
burgh Conl crossed "8 for n gain of
nearly 3 points and Heading went nbove
Sit.
The entire railroad groupactcd jich
better today than it has this .week.
There had been n good deal of short
selling of the dividend paying rails in
expectation of n cut in Northern Pa
cific's dividend, which, falline to ma
terialize, forced shorts to bid prices up
as they extrlratetl themselves. Dela
ware. Lackawanna and Western, at
1110. was up fi points, while Illinois
Central. Chesapeake and Ohio and simi
lar properties roe 1 to i! points.
Pnn -American Petroleum and Mex
ican Petroleum, selling ex -dividend,
were strong features, more than milk
ing up In market price the dividend
subtracted. Several of the lower-priced
oils were also actively bought. Among
the new stock which made their ap
pearance on the stock oxohuiigc today,
linviug been transferred from the curb
were Santa Cecilia Sugar. Island Oil
and Texas and Pacific Coal nnd Oil.
The listiugs were not given the cn-
tllllai.lhtfi rnrrntlnn freniipntlr ncrnrtlpil
1 ti nil n-i.ll.nlu n ,l.n knn.l ,.Mt,n 1,1
I . mi !. in uii lilt; ui'utlt, ,i iiiuui.i
i uri'Hiiit' nil' KLrrrL im limimp in lri'i rn-
tliusinstlc over anything In the market
just now. sentiment in snecu.nrive cir
cles, however, is nppnrently swlugint;
around to n more favorable view of mar
ket prospects. This was evidenced by
increased pool activity in a number nf
specialties nnd the mnr e optimistic
tenor of commission house gossip.
As the session wore on, und It be
came t-rraslnirlv nlivlnim tli.nt ln-nr
I raiders were mertlng .with no impnrtnnt
'success in dtfiircsiiiijr prices, the uliim-
bering short interest scattered through-
out the list became thoroughly Igrighten-
I1''' nm' ,,HI, to eover. The market "hook
on us icinnrgy in the nttcrnoon ami n
brisk forward movement ensued which
carried many stocks bnck to the high
prices of the week.
While a good part of the demand wns
for short account, the .spectacle of ad
vancing quotations attracted fresh out
side buj lug. To help it, the market had
a relatively easy money market, mil
loans renewing nnd ruling at 7 per
cent. At the snme time the report cir
culated that tomorrow's bank stnteinent
would make the best showing witnessed
in months. This was regarded ns alto
gether probable, in view of the sub
sidence of speculation in securities nnd
commodities, the Improvement In trans
portation eonditious and slackening of
commercial demads.
j .
Commodity Markets
COTTON MARKET
New Yorli. .Itint- 18. Tin- inurkrt
inovrcl into new lilsli ernnnil in tlu onrlv
I nflcrnnoii on another flurry of short
forprllic lulled nn nrivnle rnnnrla nf
inntlniioil rains in tho Southwont nml
entrnl belt
Offerincx were limited and there wns
foinpnrntlvely little outside business.
.Inly ruled relatively easy under liquida
tion by Ioiirs in advance of "Notice
Day" on .June 25. The sellers rcboiicht
in Inter mouths.
Kxports reported to 2:1." o'clock
nssrcKiited 851 bales, all to .lajmn nnd
China. Total exports thus for for the
season hnve been 11.005,77.') bales, com
pared with 4.722.2S1 bales for the cor
responding period lust season.
N. Y. time)
11:31) 1.30
a. in. r m.
37. Rl) 37. RS
31.70 34 00
33 il 33.07
32 00
32.10 32. .M)
Test close
. . . 37 4.1
. . .31 R4
. . .13 30
32. R7
. . 32 OR
. . 31 RO
Open
37.4U
31.43
33. 'JO
32 R3
32 llll
31. R0
July . .
October
December
Junuary .
March
May
GRAIN MARKET
ChlraRo, June 18. Heavy buying by
commission houses, nn advance of 1 i,f.
to 0 cents in the cash article, lesa fa
orablp crop ndvlces from the Houthwest
and atreiiRth in oats promoted a sharp
rise in corn today nfter the tnnrket
hail dipped at the start. Receipts
were lnrRfi'. but at best they were
only moderate, nnd it was thought that
fewer enr" would be arallnble for coarse
grains when new wheat Is ready to he
forwnrdrd. Announcement thut the
switchmen's strike here had collapsed
had only n temporary effect. Cutting
of wheat is proceeding in the South
wct. A dispatch front Duiiith said
that exporters hnd cnncelrd nil bids
on wheat.
A local crop nuthority declared that
if present weather continued in the
Northwest, black .rust might develop
in wheat theie. Advices from Wash
ington indicated thai the authorities
there had expressed fmnrablc opinions
as lo the resumption of trading in
wheat futures.
Oats also scored sharp gains nftcr an
irregular Htart. Offerings ceased right
after the opening nnd later there was
a rush to buy. Some of the demand
was from influential souices. Among
the bullish factors were reports that
the crop was heading short in sectlous
uf Illinois, Iowa ami parts of tho
Southwest and complaints that rain
was needed in centrul Illinois. H,..
ceipts showed no sign of picking up.
l.eadinsr futures raneed aa follows'
Corn (new dellwry) v.
Open Illali Ixih floaa liai
July 17(111 1 7D 1..70U 1.701 it?!.
hept 1 7U', I 07H 1 Hill, I ,T.3
Onta ' '
July I 01, 1 01V. 1 01 1 04 l not
Pert . SIS 70S 74' 7tl. tn
'orl.
July .
Sent .
31.00
30,10
34 SRa 34 00
3fl.R0r 8(1 10
20.07 20 S2
21.PT 21,80
J.R!1R ,4T
1,2 10,33
34.70 34.02
33.33 30, IO'
20.R1 20.82
I.ard
July
Sent .
20 S2
21.H0
l.tf'l T21.B0
HIM .. ..
July ,..fj;...2
If ml j ...IB. 13
lS.U
10,0 ;
ls.40
1,T
I Philadelphia MarUats
WHEAT Herein!.. 72.400 bushels
Mar
rt ele-
Vet largely -nominal. Car Iota In export
vator .vo. I red winter a.i"l nn, nara
winter, 13.10; No. 2 red winter, I3.07i No.
2 hard winter, 3.07i No, 3 red wnier. 13.01,
No. .3 hard winter. $3.04 1 No. 3 red w nter,
$81 No. 4 hard winter, 33; No. f red winter,
J2.DB. No, S hard winter, 12.00. Sample a.
cording to quality, . . , .
k CORN Receipts 21.700 bushels. Quiet
but steady. We quote, aa to nualllv and
location, at 22.04g the latter for No. 1
yellow
OATf Receipts, 12,033 bushels. Steadily
held Car lota aa to location No. 1 white,
tl.. 1101.82; No. 2 white. .1.20l'80jJN- 3
white, M.2801 20; No. 4 white, $1.2rtW1.27.
FLOUR Hecelpta 72R barrels and 3.011 -R87
pounds In sacks. Quiet but steady. Quo
tations: , Per 100 lbs,, packed n 140-ih.
Jute sacks Soft winter straight, western.
ll3.2RiTrl3.R0 do, do. nearby. 12.75fl13;
hard winter, straight, 18T13.R0t do, "hort
patent 1 1 4 ( 1 4 R0 aprln. first clear, II lw.;
nvii'i an. An ...! cm annul to. ahnrt
ratent 'lI4.75tf1R.Rh; fancy spring and city
mllla patent, famllv brands, 110010.40.
nve nonr i2r ia.2.',,
PROVISIONS Sold slowly at.recenlly re-,iB-i
,i. n.. .. ,iHa. nmde. In sets.
amoked and alr-drled. Rio: beef knuckles and
tendera, smoked and alr-drled. 62e: pork,
family, 47c; hams, 8. P. cured, loose. SOW
SSci do. aklnned, loose. 37(B30c: do, do.
smoked. 30 O 40c. hams, boiled. bonelesa.RRe.
picnic shoulders. H. P, cured, loose, 23c! do,
smoked, 24c. belllea. In pickle, loose, 23c,
breakfast bacon. 3Rc: lard, 22c.
RUTTKR firm. The following are the quo
tatlona; Solid-parked creamery, fancy, high-
scoring goooa, nnwoir: exiraa, nnu. '"
firsts. R3037c. flrsls. fin 52cr seconds, 4.W
48c: sweet creamery, choice to .fancy. , w
02c: fair to good. ROOfiOcl prlnta jobbing
at 7rflnc for fancy and at fiOOOOc for fair
,nEaSa'nrmlv held at late advance. Quo
tations; In free cases, nearby nt:.ly
per downs nearby current receipts, 4 W44J c.
nearby ordlnar:. to fair. 4143c: w"1"'
extra flr.ta. 48c. western firsts. $
extra nraie, lie. wii-iii ,. -j- -.- .-
eeconda and poorer. 30041c: selected fresn
eggs Johhlng at ROiff.'Se per dozen. I
CIIEESreteady. Quotations were: Nmv -
Tork state, whofe-mllk, -fiats, held f ana,
2R(ff2nc: specials higher: do, ftVer,BemIui
2327p: state, whole-milk, current make.
r.- o-- MMHn t,nnA 2flor2nc: Job-
bin? lleV of fancv held Vood-.30O31c
LIVE POULTRY Fowls, fancy. 3RW37e
An ,-- , .n niinsnc: orouing
?hcken. fancy yellow-gklnned. not Leg-
horns, weighing 1 2 lba. nplece, 03 P I
70e: weighing KHUIbf. rVii.J"'iiia
white Leghorns, broilers, weighing l'4.l
lha anlere. riO0R2e:' amaller aUea.41lTr4.1c
old roosters 2223c: dueka. 30WHJC. pig
eons old per pair, 4R?fifie: flo. voung. iiir
DRF-PSKD POULTRT Fowls, f resh-kllled
dry-picked. In boxes, .ft1,;"'"''....,?'1
lbs. apiece. 43c. weighing 814 lbs.. 41 4 2c
weighing 3 lha.. 3708OCJ fowla. fresh-klled.
In bbls , drv-plcked, weighing 4 OS lbs. aple,.e. 1
42c; welshing 3H lba.. 4041c; weighing 3
lbs. 33V 87r old roosters, dry-picked. 2(tc,
roiithern. JtT23- al.rlng ducks. L. I S.ic
FRESH FRUITS Oranges, per box. 12 .00
W7 (Irapefrult. Florida, per box. 3 iW
0.13, Pineapples, Havana, per crate . I1J
3 Peachea. Georgia, per crate. II R0.W3
Cantaloupes. California, per crate I4 0.. ., .
Watermelons. Florida, per car. ,l30.oii
Strawberries. Jersey, per quart fancy 20W
30c fair tn good, ISWlSc.
VHOETAHLES White potatoes, southern. 1
per bhi No! 1. I7W12.7.V. No. 2. .17 '
s RO No 3. I3W0.R0. Cabbage eouthern
per "bid -crate 2R, Onions. Texa. per
crate. 2RctJ'$l. '
LOCAL MINING STOCKS
TONOPAH STOCKS
nid
k
07
10
Cash Hoy
.OR
.I'm llutler
.11
MarN"amnra .....
Mac.vamara Crea
Mlilnny
Mlzpah Hxt . ...
Montana
North Star
Ttracue Knla
Tnnopah Kxt . . . . ,
West End
West Tonopah . . ,
.03
.10
.!
.OR
14
'!
l
.03
OR
IS
II
.00
111
m
IS
.oj
DIVIDE STOCKS
Allied Divide "'
Alto DlUde 01
neli'her "3
.01
11:.
"7
03
il!)
20
ir:
.03
.nf
.ill
IS
.04
.02
.00
.02
.113
.0.1
IS
.no
.OS
.113
.17
Hell hi- Kx
rten Hur
Ilrnucti t)llde ..
.OR
."1
07
J 4
.Ml
.02
lDIlile Kxt
Dlilde Synoicate
Ul ldo Con
imidend
.nn
East llrvlde "J1
llui-mltl 'l
llasbrouck Divide 'J
High Divide , -'U
lleert Divide ".'
tteno Divide 01
Iloetto s ',
Silver King ";,
Tonopah Dlvldo J'
Tonopah Hnslirouck "
Vlrtory Divide Oi
Verde Divide 3
Zono '"
OOLDI'lELD STOCKS
Atlanta
Hlue Hull
Ilooth
C O D
Comb Frac . . . .
Crackerjack . . .
Dlamf 11 H . . .
Dniiiy
Florence
ColdOeld Con . .
(loldflold Slereer
(loldfled Dev . .
Great Hend
dumbo Ext
Knwnnaa
Lone Star ....
Mill . . . w. .
Red Hill
Silver Pick . . .
.01
.02
.112
00
.113
.113
10
.02
.03
;To
.02
.till
.02
."7
.113
.lis
.02
.11:1
.011
.115
ol
.01
.02
.02
.IIS
.01
.01
.IS
.110
.11
.117
lit
OR
ill
110
01
112
07
113
MISCELLANEOUS
Hpearheau
AnitMro .
Arizona United
Edui .....
Mother Lode . . .
Nevada Hill ..
Nevada Rand ..
Wllbert
Nevada WnndenJ
Tei-npa Mining .
White Caps
IS
.10
.20
'.07
.10
.13
Ml
111
.00
BOSTON WOOL MARkET
llnatnn. June 18 The Commerrinl I
Bulletin tomorrow will say: "The wool
market Is still wnltlne develoimiruta
Very little business hits been done here
or In the West and nuotntlons in
larKely nomlnitl still. Some consign- ,
inentM nre teported from tho West
"The munufncturlnK situation alho is
very uncertain ami mills are runnlnc1
' Bcricral1 on three to four day schedules
per ntcn, (iifiui-iiiiicn n-?iei,
"The foreign market, have steadlerl
.aornewhnt on the lower London hnsls '
How to Choose Safest
July Investments
THE present era of domestic unrest and international uncertainty
leaves only one course open to the prudent investor. Conserva
tism and caution must be his watchword in this period of rapid
change and readjustment.
The buyer who limits himself to conservative, high grade first mortgage
securities yielding a return consistent with their character will be the
.buyer who profits by the signs of the times.
Six Per Cent Plus
The first mortgage serial bonds, safeguarded under the Straus Plan, meet
these requirements to the full. They net 6r'c plus plus 100fo safety, plus
convenience, plus freedom from all worry, care or management, plus 4
Federal Income Tax paid. The best proof of their soundness is the
record of Straus-protected investments 38 years of safety and prompt pay
ment .through a period including two wars and four .financial crises.
Write today for our July Investment Guide which describes a well-diversified
variety of these sound bonds, in SI, 000 and $500 amounts. Ask for
CIRCULAR Q-424 .
S .W STRAUS & CO.
ESTABLISHED 1882 INCORPORATED
STOCK EXCHANGE BUILDING, PHILADELPHIA
Tdephone Spruce 5628
CIIICAlIO
mvrnoiT
BUFFALO
RAW 8UQAR MARKET
1 T.tnM 1fi TIim .a, lltmi1
.IfW MVtKf UUllV ll l.w .o.,i un. .
market continues quiet, but steady, nt
around 18.50 cents, c. I. f., equal to
19.66. Sales yesterday Included 10,000
bags Porto Illcos for prompt shipment, (
at 19.56 cents nnd 2000 tons Mil duty
sugars nt 18.26 cents, c I. f., both lots to
tho AmerlcnnCo. Other sales Wednes
tlav and Thursday Just reported in
eluded 2000 tons full duty paid sugar
In port arrd afloat, nt 18U cents, c I. f. t j
35,000 hags Porto Illcos for June and i
Julv shipments at 19.66 cents, c. I. f. ; '
small quantities of Culm for July ship
ment at 18H cents, c. I. f J 1500 tons'
Philippines for July shipment at 10
cents, all to a New York refiner, nnn '
1600 bags Antigua Muscovntlos afloat tit I
164 cents, c. I. f., to arr out-port re
finer. '
Importations on yesterday Included i
20.000 hags Cubas and 4977 bags Pcrus
to the American Co. ; 19,000 hags Cubas i
to the Federal Co,, and 2000 bags '
Sandomlngos to Arbuckle Brothers. Late
yesterday, Arbuckle Brothers re-enWred ,
the market on the basis of -24 cents for,
shipment or before July 15. Otherwise I
the situation remains unchanged both i
as to conditions and prices.
Liverpool Cotton
Liverpool, Junn '18. There was only
a limited demand for spot cotton today
with prices easier on the basis of a de
cline of 36 points for mlddllnir at 56.64d.
The sales were 4000 bales. There wer
no receipts. Futures were easy In the
early dealings, spot prices were: Amer
ican middling fair, 3189d: good tnld-1
dllnp, 29,14d: fully middling. 27.89d ; I
.l,l,11lns lit AJrl nu mlrMIInf- 9.7 31,1 f I
nuuui.ii. .u....i. . .w-. i,,.u..t,r, ... , ,
K00,i ordinary, 20.1 4d, and ordinary,!
, nj,i ,
13.-40.
. DnAn ctoMtkire I
RAILROAD EARNINGS ,
....... . .
, fANARIAN nfl.
...,... .,l,V.T,V ,nn
Increase
ar.ns.ooo
13,640.004
, recmn " uuii ... '.".v':
From J.nuary 1
-
Rl. 392,000
Producers Wanted
Well-known brokerafe firm, member
Consolidated Stock Exchange of Nerf
York, hat an opening for two or three
thoronghlr experienced and capable
Boardroom Producers for itt PHILA
DELPHIA OFFICE. Moil be familiar
with Stock Exchange and New York
Curb Market securities. Established cli
entele is not altogether necessary- Un
paralleled opportunitjr. Write for ap
pointment, giving full personal history.
Applications held strictly confidential.
Address
Attention A. B. C.
Care Frank Kiernan
Advertising Agency
T33 Broadway New York
aaiaMBPiiaMeaBraaaapaaBe-iepaewwaaaaasaaaaaaBaaBaaa
8 and Safety
A T?c First MortBajrc DoRd
To Run 13 Months
Purchased by Leading
Phila. Banks and Trust
Companies
Security Three 'mil
Intereat earned 7 tlmrs.
' Vere of State Tin.
KICK 08'A AM) 1NTKHKST
Edward Y ane & C
Morris Building
WANTED
Every High-Grade
Bond Salesman
tn hear the Mnr nf an ahsnlulel nw
lrtn In secur t "Mima A tamo New
York Onamlnl InMltmlnn, rnmposeil of
well known hankers, underwrltlna stah
:iahPd lnilutrlal plnnla. Issues thnr n
Treferreil Delienture HKalnvt Iheae nm
hlneit flnanrlnna Thla Debenturr in
Itself possrae four unuiuall attrni'tue
features whleh. i"iure larire lelil nnd
nnn the Olii ralfli-atlnn of mur illenn'
funila over u numberof unilcrlMne In
estments. I.le-lre proiluecra. exrerlenieil m
nil. Ina hlKh-Krjrto lesuea oiiI.n can
lualifv. Liberal 1 ommlaalon.
I,",07 PINANCB III.IKi.
Southern Pacific
Equipment 7s
Phila. Plan
19241933
Price on Application
Townsend Whelen & Co.
503 Chestnut Street
ri.UVnLAND
BOSTON
WASHINGTON
Ni:V YUKK
IXDIANAVOM3
riTTSBUHCJH
Thirty-eight years without loss to
Cold-Rolled Free
Cutting Screw Stock
Mild Steel Bars
Cold-Drawn 3Vz
Nickel Steel Rods
Tobin Bronze Rods
Blue Annealed Steel
Sheets
Iron and Steel
Products
Machine Screw
Products
The R. E.
Crank Company
1001 Chestnut Street
Philadelphia
Bell Phones Walnut 1262 or 672
SAFE
PROFITABLE
INVESTMENTS
FRAzmRG-Ga
BROAD AND SANSOM STt.
PHILADELPHIA
IB SOUTH ST., iiALTlMoRR
65 BROADWAY. NEW YORK
A Complete
INVESTMENT. SERVICE
Specialists In
OHIO MOTOR AND
RUBBER STOCKS
ACCEPTANCES
BONDS
STOCKS
CORPORATION
FINANCING
OTIS & CO.
Investment Bnnkeis
CLEVELAND
Boston Detroit Cincinnati
Columbus Akron Youngstown
Denver Colorado Springs
SAN FilA.S'CISCO
MIMVAUKKi:
MINNEAPOLIS
any investor
IP
.
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