V
-Li.
. ,tV
-,?1.
J u Piny jiond Authorise)
5kbtt( o., Jun SJ. PtnnsylvnWd
I, (K4l0 Utilities Commliwlon to Iimu
ah srA?S0.9,09,0 nfty.year 6 per cnt -. n
'iSs ,n IloU ot 1"" amount of nf.n
r?f per ceni uencnturo Bonus lor-
' . iSSKJL authorlaetl. This announcement
.:lly refers to the . Issue of that
r -KftTnt "J- Per cen General mortgage
VSSS" of lno Pittsburgh. Clrlclnrratl,
-i ..WJjMWJfo and St. Louis Itrtllroad Co,
fc tt.i:. jr"nnuiej, guarntiloeu by tlio Penn.
t lt$ lt!yABla, u5llr?fld ,Co- Application for
Pi U . ftMfernVJII nf 4hl nail nf U.l....i.
,ii "VvJirij V . w 4 tiiiiiituuie
J.Y '
EVBNtud' f tiBLio 'itiTimkA t3WEi0W0
'v
lit
:
I1; i
R
fc.
ftT
fro
,.'
"WiSs has been pending before the com-
i"'oion. ineso arc mo oonus which are
iPf. e'chnnjitil, par for par, for Pan
Ifthale stock In nccordanco with the
Jicontly announced offer,
Underlying
Railroad
Bonds
Can now be bought below their
real merit and their future
prices.
May we advise you?
iAeKiBGo.
t Investment Ranker
Members Phila. Slock Kxchnnne
Real Estate Trust Bldg.
Philadelphia
MARKET REMAINED
DULL AND NARROW
Rise In Sterling Exchange Moot
Interesting Feature of
the Day
New York, June 22. The Now York
Evening Sun's closing financial review
today snys :
The bears mndo the most of nilvcrse
rumors nnd mental suggestion by means
of which to depress prices of shares In
today's market, but the going was far
from smooth for them became of the
extreme narrowness of the market It
self, which, given a push this .wny or
that, worked with equal farillty on
either side. The result was the striking
of n balance pretty nearly : that Is to
say. price changes were in the end
slight, although most of the time they
pered upward or downward with Im
partial facility.
Call loans renewed at 8 per cent and
at midday moved up to n per cent. The
unusually good showing of the bank
tateinnnts on Saturday for the Federal
lteerve Institutions was looked upon
I more or less as n temporary condition
'lni to inidrear payments, and accord
ingly the statements to be issued next
Saturday will carry tnoro than ordinary
significance nnfl interest,
Ke'ntlvc ense In money Is anticipated
for the next month or so following tho
July I payments. In the light of the
present cost of credit, tho high discount
rate, nnd o on, tlip 7 per cent, or even
8 per cent call money is looked upon as
relatively stable and reasonable. The
rle in rates yesterday and today was
attributed to the proximity of the next
bank call and the desire of the banks to
till us good a llgure ns possible.
A feature of the day wbr the rate (or
sieHii ulsht drafts nt M, the first time
It has touched thot figure 'since last
Apiu (I The Immediate stimulus to
the rise was to be found In the arrival
here of S 1.000,000 In gold from Canada
vesterday and continued discussion of
large consignments of the precious metal
from Knglond In the near future.
it wi'"'d a"pear. however, that senti
ment with respect to Rtcrllng underwent
revision when it came to analyzing the
foreign trade figures for May. in which
It was shown that not only wor there a
substantial increase in exports of $..ri,
000.000 over April, but ft drop of $04,
000.000 in imports, and the result was
a reaction of mere thnn a cent to
SS.OSfi.
It was easier to find n theory to ac
count for the Increased exports than It
was for the decreased Imports. In the
case of flic former it Is probable that
Improved shipping facilities In May over
the preceding month enabled the dis
patching of accumulated goods at sea
board occasionnd by the tlcup in port
labor Of course. Improvement in this
respect would be more quickly reflected
in exnort shipment than In Import and
for this reason it may well be that im
ports will make a better showing in
NEW ISSUE
A LONG TERM 6 1V.UM.CIPAL BOND AT PAR
$250,000
Fla.
City of Hiami,
tho current month from the standpoint
of tho "favorablo" balaaco of trade.
Humors of prosecution In connection
with flotation of oil company shares
were freely circulated In tho ntrcet and
naturally had n dampening effect on is
sues In that category which extended to
other quarters' in which tho bears had
special Interests or wcro Inclined to ac
quire them. ,
This was true of tho steel group, the
motors and tho rails. There wcro not
lacking strong spots. Tho chemical
stocks were again In tho limelight to
Bomo extent. General Chemical, Na
tional Aniline and llnrrctt Co. were
bid up, and Corn Products Kenning,
United Slates Industrial Alcohol, Union
Oil, contrary to others In its group,
and a few others were strong, ltecru
dtsoenco of the outlaw railroad striko
affected not only the rails, but the in
dustrials ns well, although tho effect
was neutralized in n measure by better
news from Baltimore and other points.
Continental exchanges were unwonted))-
strong 'and more consistently so
thun sterling. Francs were quoted 21
points higher at 8.28V6c tho franc, with
a corresponding rise ot 23 points lu
llelslnu francs and moro modest tone
in Swiss francs, hire were 10 points
up at (1. 10c the lire, and marks 1) points
at 2.7!c. Iteports from tho Boulogne
conference, fixing a definite amount of
Indemnity to bo paid by Germany and
a definite number of years in which to
pay it, had much to do with this. If
tills should turn out to bo true ami nc
coptablo to the nations concerned there
could be little question of the advantage
economically, slnco the victors In the
war would know whnt to expect nnd thu
vnnnulshed would be relloved of n night
mare of immeasurable nnd illimitable
burden. Commercial bar silver agnln
' advanced here nnd in London to 03c
and iVJ'jd, respectively. The govern
j ment announced purchase of 1,700,000
i more ounces of silver to bo delivered nt
! the Sun Frnncisco mint.
Trices continued to incline to heavi
ness In the last hour, a movement ac
centuated to some extent by n repetition
of Mommy's rise in call money to 11
per cent. The 3Vi per cent Liberty
bonds and both Issues of Victory notes
were firm, while other war bonds were
under no little selling pressure.
U. S. HAS GAINED
II
MDE OF WORLD
Favorable Balance Near $17,-
000,000,000, Against $470,-
000,000 Boforo War
VAST GROWTH LAST YEAR
20-Year B School Bonds
Issued by Dade County School District No. 2
Including tho City of Miami and Suburbs
Dated June 1, 1920 Due June 1, 1940
Principal nnd semi-nnnual interest June 1st nnd December 1st; payable nt the
Chase National Bank, New York, N. Y. Coupon Bonds. Denomination $1,000
EXEMPT FROM THE FEDERAL INCOME TAXES,
INCLUDING SURTAXES
FINANCIAL .STATr.Jir.NT
Actual Valuation of taxable property $75,000,000
Asieised Valuation, 1920 12,878,390
Total Bonded Dobt, incl. this iuue .$600,000
Leu Sinking Fund 36,823
Net Debt 563,177
Population, 1920, official eit. 45,000
The City of Miami ii the third largest city in Florida, situated on the main line
of the Florida Eatt Coast Railway and St is also an important seaport. The U. S.
Census for 1920 reports a papulation for the City proper of 29,549, an increase of
5409c in 10 years.
Offered, subject to approval by our Attorney, at
Price 100 and Interest, YieldiNg 6
Send for complete Vcscriptlvo circular Xo. iM..-S7
R. M. GRA97 a CO.
Boston
31 Nassau Street, New York
St. Louis
Chicago
The data and atatfunts tn this advfrttsrmcnt were abtalnrd tram ollnal rfporfj or are our opinion, baird
on mormatlon which w regard as reliable, and unile theu are not guaranteed u believe them to be correct.
tMjM
An offering in blocks of three
shares, two 7 Preferred and
one Common, at $300 per block
The Goodyear Tire & Rubber Company
of Akron
During the past twelve years the total net assets of this
company have increased from $1,140,136.14 to more than
$115,000,000.
In this period the sales have advanced from $2,189,749.49 to a
rate approximating $225,000,000 for the current fiscal year.
In this period the earnings applicable to the common stock
outstanding, after payment of preferred dividends, have ex
ceeded an average of 54 per annum.
Cash dividends of 12 have been paid annually since 1908
on the common stock and stock dividends have been paid
as follows: 1908, 100; 1909, 100;, 1911, 100; 1913, 20;
1915, 100; 1920, 150.
There is a sound value of $122 back of each share of the
common; which amount is exclusive of the value of the Good
year good will, patents, trade-rights and -names.
The company produces 20 of the automobile tire business of
this country and a large volume in pneumatic and solid truck
tires, in mechanical goods and in shoe soles and rubber heels.
The amount of business done in the six months to May 1,
1920, has exceeded that of the preceding fiscal year for the
same period by 59.3.
We arc offering the unsold portion of $20,000,000 7 Cumu-
' lative Preferred and of $10,000,000 Common Stock in blocks
of three shares (2 Preferred and 1 Common) at $300 per block.
Borton & Borton
Leader Bldg. Cleveland
Investment Securities
Orders may be placed through your own bank or dealer
, 7Tw Inrmutlna eontaMarf In thlm trmrtlnoMot
otttmlnnd from aovrcaa w bailer to b reJU
bl mAboiiih wo do not guttmnteo tit moetuaay
I Philadelphia Markets
WHEAT IlfClpls, G2.88 bush. OITfr
Itifn light and ninrket nominal. Car Iota
In export levator No. 1 Ted winter. 13.10!
Vft 1 hnnl winter 13 111 Kn. ' r.il winter.
IS. 07; No. 2 hard winter, 13.07: No. 3 red
winter. $.1 Oil No. 8 hard winter. IS.0V, No.
i 4 red winter. S3. No. 4 hard winter, S3, No.
B red winter. J2.H0: No. S hard winter.
12.(1(1. SamWo Hccordlnu tn duality.
, CORN No receipts, but trade alow and
'market loner. We quote, am to qualltv and
location, at I22.04, the latter tor No. 1
jellow.
OATS Dull and lower. Car lota aa to lo
cation No 1 Mhltte. SI 3201.3.1. No. 2
white, II 31Q1 .12: No. 3 white. SI 30W1.31;
No. 4 white, 81.2801.20.
I FLOUIt lUcelpta. e38.113 lb". In sacks.
Quiet hut steady The quotations are ns foi-
' lowo: Ter 100 lbs., oackrd In 140-lb. Jute
sacks Soft winter straight, western. $13.23
!13.80, do. do. nearhy. S12.7.1W13: hard
winter. stralBht. 113013 00; do. short pat
ent. JH5H 50 spring first, clear, $11 7-Vtf
1.'.30. do patent. MS.nou'M.oii, do, snort
patent. III Ijfllj SU, fancy eprlrur and city
mills patent, family brands, J10W10.10. llye
flour. S12013 2S.
fHUViMii'.Nsi sold sloivly at former rales
The follow lr are the quotations: Qef,
In sets, smoked and nlr-drlid. Sir: beat
knuckles aid tenders, smoked nnd olr
drled. ,'.2e pork, family. 47c: h ims. a.
I'. cured, loose. 3il3c; do, skinned, looe,
37(?30c. do do. smoked. 30CH0e; hnms.
boiled, boneles., Me. picnic shoulders. S. P.
cured, loose, 23c. do. smoked. 21c, bellies.
In pickle, loose. 25c: breakfast bacon, 33c;
lard, 22c
BUTTER Firm nt lato advance. Quo
tations are. Solid-parked trcumery, fancy,
hUh-scorlnit iroods. 00002c; extrns. BOc;
extra firsts. uOHftSc. firsts. MORAr: sec
ends. 4Tff.'i0c, sweet creamery, choice to
fancy, OlKtU.lc, fair to good. SOfflOOc: prints
Jobbing at O807oc for fancy and ut 570
07c for fair to choice.
EGOS Klrmlv held. Quotations: In free
cases, nearby firsts. 47c per dozen; nearby
current receipts. 4444'4c; nearby ordi
nary to fair. 414ac: western extra firsts.
48C' western firsts, 42t43c; seconds and
poorer, 30,8'41o; selected fresh eeEs Job
bins; at flllW.IRc per dozen.
CHEn.SE In fair request nnd steady. Que.
tatlons: New York stn'.e. whole-milk, flats,
held, farcy. 28 52tc : specials rtlsher. do, av-
er.KB iuii, .ju.ii.1 FLuuT, ,, iiuii?iiimk, rurrenv I
make, best. 27c; common to cooil. 23020c;
Jobbing salea of fancv held goods, Silfifl.llc. I
LIVE rOUI-THY Fowls, fancy. 40041c:1
do, common to good. 38f3nc, brnlllnv rhlck-I
ens, fancy, yellow-skinned, not Leghorns, i
weighing IV, W2 lbs. apiece. nRf(70c: weigh-1
Ing lOl'i lbs. apiece, .'iSifJOOe; white Leg-,
horns, broilers, weighing H4 fJ2 lbs. apiece, ,
."0r2e: smaller sizes 40Sf43o: old roost
ers. 22?23c, ducks. 30ft32c. pigeons old. 1
per nalr. H'iJ.Vic, do. oung, 40c. ,
DRESSED POULTRY Fowls, frch-kllled.
dry-picKKI. in Boxes, weighing 4W5 lbs.
aplecs. 4.1c, weighing 3Vs lbs.. 41J42c;,
i weigning a id. a7'raiir, own fresh-kllltd, '
In bbls.. drv ple.ted. velghln 4W." lbs. nplern
M2c, welshing 84 lbs WEllc. weighing 3
lbs, 3.1937c old rooners drv-plcked. 211c;,
southern 24tf2.1c, spring ducks. L.. I.. U3c.
1 FRESH FRUITS Oranges, per box, 11 .111
7 40. Orapefrult. Florida per box. S3 2.1
W0 40 Pineapples, per crate. STW7 B0.
reaches, Oeorstn, per c-aie. (1 2,'W3
i Watermelons Florida, per car. JIOOr700. ,
1 Strawberries Jersey rer qunrt. 1208V i
Rlackberries .ortn iiroiina per quart. 20
lzse. JiUCKieDernes .Nvrin Carolina,
I ounrt. 20S30c
VEQETAHI.es IVhltn potatoa. southern
per barrel No 1 Jdfill r.n. No 2, UGH
Cabbage southern I'r bb' i nte. S103
Onions Texas per eiatc 70eftSl
Ily tho Associated Press
WMiilnxfon, Juno 22.-8ln.ee Hie be
ginning of the world wftr In 1014 the
United States 1ms rolled up n trndc
lmlfince of npproxlmntely ?17.000.000.
000 rtfcnlnat the world. Tills exceeds by
several billions of doHnrn the totnl bnl
anee In favor of tho United States from
1S75 to 1014.
Department of Coniinerco figures to
day show thot tho ttndo balance mndo In
favor of the United States In the fiscal
year ending In 1014, one month before
the wnr began, was only .$170,000,000.
During the first rear of the wnr It wni
$1 .004,4111,1100. nnd In the tii"it roar
ending June 30. 1010, It was $2,130,
fi00,37". During the oijeeeedliig year
the total was S3.o30.003. 200.
Meantime, the United States and
entered the ntttiggle and. In the year
ending June 30, 1018 the first full
fiscal year of America's participation
tho balance was only 5-Md.i.'M".5.
In tho next year, ending Inst .Tunc 30,
however, It was $4.130,n02.C18.
During the first eleven months of this
fiscal year the balance was only
$2,788,451,002. but exports were larger
In those eleven months than In any
other full fiscal year In the nation's
history, totaling $7,474,173,340, ns
against the previous twelve months'
record of $7,532,282,080, mado during
the last fiscal year.
At the same time that America's ex
port trade began to advance by leaps
and bounds, the import trade nlso
showed nn enormous increase, totaling
$2,!)l7.8N3,fil() in the year ending June
30. 1010 and advancing steadily each
year to a new high record of $4,083,
741,747 during the eleven months of
tho present fiscal year. The previous
high record was $3,005,720,800 the last
year.
.Most of tlin favorable trade balance of
the United States Ims been against the
Allies and neutral countries of Europe.
Many of the South American and North
American countries and some of those
in the Far East have a balance against
the United States.
per
I
1
What return
do you get
for your savings?
In former years C4 was consid
ered a big return without taking
undue risk Now, when Govern
ment bonds yield this and when
the premier bonds of European
nations may be bought at far
more attractive yields with possi
bilities of greatT profits than
have ben offered In many dec
ad It may be well to consult
theMi opportunities
Our Special Iifonthly Instalment
Plan Iniresjies vour Immediate
purchasing rower by enabling vou
to pay 20", down and 10 a
month and take full advantage of
the present attractive prices of
these Perelgn Issues.
Send for our Ronk FOR -23 also
sk for fS K, which gives details
of our Monthly Instalment Plan
snd 1 9 si ul prtvlegea.
OUNiiAMf,
Investment Securities
43 EzchanQe Place New York
a
Every Man
Needs This
Free Book
It tells in a clear, in
teresting way:
The General Rules of
Trading.
How to Give a Broker
Instructions.
Brokers' Commission
Charges.
How to Indorse n Stock
Certificate.
How to Use Collateral
In Trading.
How to Group Invest
ments. The Deposit Requirements
for Carrying Stocks on
Account.
The Rights of Stock and
Bond Holders, etc
Edition limited. Call,
phone or write at once.
Ask for No. T. U.-917
JONES & BAKER
Specialists in New York
Curb Market Securities
Widcner Bldg., Philadelphia
Phones Bell, Locust 4730
Keystone, Race22d0
Offices in 9 Principal CUlt
Diuct PHvatt Wlra
I'ronoMiila
r-RornsAi.7. koh tub conhtiiuction
of KMirrlnientnl 'bop Ilulldlng Ortke of
ford Arsenal. Phlla Pa rienlid proposal,
will bo received h. re until 2 p. m . June 23
IIISO. end then npenid fur construction ui
itated aliove. Plans and specifications or
application
ostici: or tmi: WAnTrcitMASTnu (ikn"
eral. ('l"thlr.K nml r.qulpaie Dlvlnlon
Munitions WU' Washington I c. Pealed
proposals. In durli. nte will be received here
VP."' "" . ,f" .nVonY-" .'.?.r '"T'sning
au or ." ,......-.,.. .I'uvin ui inread,
cotton i). I if "-matton on request
okiici: (,i.Ni:u.i. sii'Pi.r dkpot. mil
and P st N W Wttshlngtun. D. C
Sealed pr poiils wll, bo opened at above ad
dress 11 a m .liib 7. 1020. for StO.000 ft
common white p tie lumber Information and
proposal forma may be had upon application
ncre.
,, Tar INSURANCE
Protect Your
Automobile
QPEN 8cnic.il for nutomnlillrs, now lpcslnnlns. Is
nlso open season for niiloinolille thieves. The
dame upplles to collisions, arcldenls and fires.
Complete protection from all these disasters can lie
had with our automobile insurance policies. They
aro low priced, too. Asli us.
LONDON STOCkMRKET
Home Ralls Dull Canadians Quiet.
Gllt-Edrjed Issues Weaker
London, June 22, Tho stbek exchange
markets lacked steadiness today. Trad
Inff remained small.
ailt-edfred Investment Issues $vere
weaker, owing to preparations for the
flotation of a 2,500,000 Now Bouth
Wales loan hero at par. The Interest is
In he ftl& net- cent, a high mark for n
British colonial state. The loan Is to
mature between 1930 and 1040. ,,
The home rail wcro dull, with tlouot
expressed as to any increase in nn emu
In KB as the result from the further im
pending: advance In freight rates. Cana
dians were aulet. Mexican Hallway se
curities were maintained.
Steadiness prevailed In the oil section,
fthll Transnort was 7 1-16. ex-rlRhts
Afxlcnn Hasrlft was 94. Kaffirs were
flabby. Hudson Day was 7 6.16. for
eigners held well on the news from the
Boulogne conference.
Raw Sunacs Quiet but Steady
New York, June 22. The market for
raw sugars continued iitet but steady
around 18 w cents, sales yesterday in
cluded 10,000 bags Cubas afloat at 18tt
cents, cost nnd freluht, and 3000 bHtts
full duty paylnir sugars In port ami
afloat at 18 ocnts, o. 1. f both lots
tiAinfl. (iif.n iiv vw Vnelr refiners.
Importations continue fairly llbiral and
in some nuariers or me irauo mo utii
prevails that boforo long the Intiu u,
rnw sugars, which are being attracted
here from all parts of the world nv
reason of the high prices obtaining, will
be reflected In lower prices for the re
fined product. Importations yesterday
Included 15.036 bags Brnzlls to the Fed
eral Co.: 16,000 bags I'orto ltlcos. 4998
bags Porus nml 600 packets I'anclas to
tho Amorlcan Co.: 1000 bags Porto
tllcos to the Nntlonat Co. and 11,421
bags Jftvas consigned to the trade. The
local refined market Is unchanged both
as to conditions nnd prices.
Baltimore Tube Co.
5-Ycar 7'2
Slnkiwr Fund Gold Notes
A Hlgh-Ornde Industrial
To Net 8
JosepKW.Gross aCo.
1421 Chestnut St
Correspondents
Aldrcd & Company
iV t ' '-
Snips at th Panama Dryioch
American Industrial
Roofing Tile
The Indian red color
livens the appearance
of the plant. The white
under-surface forms a
perfect light-reflecting
coiling. All American
roofs are erected by our
own crews. We work
at low prices and on
guaranteed schedules.
Write for Data Sheets.
Amorlrnn
CementBeMftCa
824 Olirer Bid?., Pittsburgh
SO Church Ht. 404 Ilnlletln llldg,
isew York riillndelphln
SOD Urown-Mnrx Illdg.
Illrmlnghsm
German City
Bonds
For Immediate Delivery
Morton Lachenbruch & Co.
J.AND TITI.r. Ill.no,. VIIII.A.
Tel. Spruce SSI. tlace r0.1.
New York Chicago Detroit Pittsburgh
AU otloes connected lu private wires
I'ENNA. TAX FREE
SECURITIES
PAUL & CO.
Members rhlla. Hlock Kirhanse
1421 CHESTNUT STREET
pTCtTOIRS
Valve seats planed in position
and new valves furnished. All
kinds of engine repairs.
rhone VTal. 1S14 and Main 3444
&)
tndlmmerM IMAshlnlete
1 12-222 S.DARirXN ST.
I Sss"'!
SARKITD
An Opportunity
To invest your savings in high
class securities paying Vo inter
est and over, is now before you.
Buy for cash, or through our 20
payment plan; a simple, easy and
convenient Wsxy of making excel
lent investments.
Wo are glad to furnish full in
formation freo upon request,
without obligation of nny kind.
Act whilo tho opportunity is bo
f ore and not behind you.
Scott & Stump
Investment Securities
SPECIALISTS IN ODD LOTS
Stock Exchange Building
PHILADELPHIA. PA.
New York, Cnatesvllte. Norrlstown,
Pottstown, Chambersburjt. Pa.
Victor Talking
Mach. Co.
Charles Fearon & Co.
333 Chestnut St
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
101B nKAL KSTATE TMJHT 111.1)0.
Investlxnte nnd adjust partnership and
rorporatlon peenunts. Also prepare O. H.
Income Tax Returns.
l
Stockwell, Wilson & Linvill
Certified Public Accountants
Und TiUo Bide., Philadelphia
jsi- "i i'iT1,;1"
To Holders nf
Cities Service
Company
w, vcn rer c .
Ier of ths above nh '
J
H0l
ven on Jnir 1. inin. .. r"'".ures my ...
any month thsrsaftsr, WLJ'lW
at the attrerats PrlnclpM ammm.,u,n LS
C Dsbsntursa owned by them r.-'Ji f rti'
after. nd upon delivery EJ ?konln Uiiri.
Iiefor July 1. lean l V -Pl.m on ..
any or snr month ih.
.. iw vns s...
3 f.Mlre?.' " Converted ?PN
ed. If reclsttred) to lUnr. t (PrCP"'
tUTfM
lndofi
ft Com any,
1 llrse,. -"'.' iJOR.M-
will b. tonveVtsdlnto C tlei S.c.2. !.
rreierrea ana common Stoei S "A""Mt
set forth In such Dsbenlures e.?He,h bi"i
Whloh .tocks will t liVTarfd t,n.Ce.VM ' t
w wch own.r. In th, .nSilJ JUtuJ
Henry L. Dohcrty & Comnsnt,
dO Well Ol.... , --ai
DM.O-. jffi.,J8j,iSiro!,t' m
Pinj
ffffiPTO TirR nOLDEHS OP Win.,.
H awsrsSfwESa
h Rbovo fiornls, that on the flft..S."'"'
of Jalr. lSW. at tw.lv? tfelojk W, d"
Hoom 41IJ Stephen , Ulrard nulfdlnc &.,
delphla. Pennsylvania. (hre will b, "s thl,V
Ins of the holders of the outstanSir! ? '.'
lasuei under and curVb ,,mWj
dated First Mortnags fw the rurSfi"1'
volln on th proposed release from th! 11J'
and operation of said morl. of th!',!,"
Jwln P"0''" " l"d Include! In sali'ml'll
CT.'. ,y,e,g ..r Parcels of surface In n
rnsrhil Township. Cambria County &
sylvanl. at rssatlni about Jires
Twenty-slaht , tracts or paresis of .i I
situate in Cambria, Croyle and "SuILai I 1
Township. Cambria cUnty?nr,SniW1rBV.1 I
rarer etlnr sbnut ntftj 'i:.."""'lv'HIS, I
P.rchs. with 97 acres and ii ' tttt I,
rurrace, rroroasd to b old to iK m.iJ'
Coal Company. xni ''
proposed to a xchaned with the niin;i
Water Supply Company for two ra?t.nf
roal in Munster and Summerhlll Townihirs
i-vEhsTEB AL AaNDSOKr.CnMrANV
Dated New To,k.eCj5l,eriBrid02?.r",,,fr-
Dividends
GLOBE RUBBER TIRE
MANUFACTURING COMPANY
At their regular monthly meeting, held Juns
inth, 1020, tho dlrectnra of the Globe Rubber
Tire Manufacturing Company declared a
Stock dlvldond of ten ntr rent to Common
Block holder of Record June 30th, 1020, this
being the second ten per cent Stock Dividend
declared this year In addition to the rerulsr
tx per cent annual cash dividend.
E. II. CnAIQ. Secretary.
TOANKLTN NATIONAL I1ANK, CHEST.
' nut st. west nf Ilrnnd. .mi.
Philadelphia, June 21. lI:o.
At the regular meeting of the nosrd ol
Directors of this Hnk held this dnv, a quar.
terly dividend of Ave per cent (S.) wai d.
dared, free of state tax and paabU July 1
1020, to stockholders of record at the clois
of business June 80. 1020.
Checks will be mailed.
j. to, HAnrrr.
Cashier.
TRAYLOR ENniNKKRINQ & JIFO,
COJirANY
The usual quarterly dividend of 2 hit
been declared on the Preferred and Common
Stock, payable July 1st. 1020, to Stockholm
rs ot record June 23th.
J, MAIIt, Assistant Secretary.
3
u
arris
J.L
atta
PEMWSYLVANIAnLDO. PH!LM)FT tStma.
Knee 8132 Locust 8235.30-37
u-JAiuimia.' jjjiLau'.vvj -
How to Save Gasoline
Eight-five per cent of the gasoline put into your motor
car or truck is wasted. Only 15 per cent is converted by
the engine into power actually utilized.
Think of what this tremendous waste means! Gaso
line at 30 cents actually costs you $2.00 a gallon, on the
basis of the power used. Besides, the nation's available
supply of motor fuel is being decreased alarmingly.
Automotive engineers say much of this waste is need
less that it is due to improper lubrication using motor
oils poor in quality or wrong in type,
Sunoco Motor Oil the new scientific lubricating oil
-saves gasoline. It prevents leakage of gasoline past the
piston rings, holds compression and eliminates excess
friction results of a proper piston ring seal and a protec
tive film on the bearings. The reasons follow:
Sunoco, because of the high viscosity (body) of each
type and exclusive lubricating properties, is not squeezed
out by pressure or broken down by heat. It is made in six
distinct types to provide a right type for every engine.
Begin saving gasoline at once. Go to a reliable dealer
or garage. Have your crank case drained, cleaned and
refilled with Sunoco Motor Oil. The dealer will know
which type. You will be amazed at the wonderful im
provement in your car's performance.
SUN COMPANY
PHILADELPHIA OFFICE FINANC
LDINQ
A Recent Nation-Wide
Investigation
showed that OOo of those mcrchnnts starting
business with nn invested enpltnl of but $3000 to
$5000 failed. Tho remaining 10 kept books and
in most cases sought tho advice nnd counsel of n
reliable bank or trust company in all their
financial dealings.
REAL ESTATE TRUST CO.
OF PHILADELPHIA
Broad and Chestnut Sts.
More than a million gallons of lubricating oils per week
. ...uflM "
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