Ti? 'V lv fe. II" k2 , ft vk I 3 f rw 'SI I; '$ .AIM. ' .vyty l' ' '''' r'm V WV' -j i . v 1 4V'f. is ' L .VY' . i A V.K' -1 " N ' '--' ---- -rsrii .. . ? EVEIa PUBLIC LEDGEr-PHlt:iU313LiyiaiA, THUKSDAY, J TOY 1, 1020 .r ' . ' "- . v ' r.,-'" , . rr ' - r- -:. ' .;l'K,l , ', aj, . J. 1 'J " ' ) Personal 'Attention ;jiV A3 we believe the rc-l-i quircments of different -' investors arc never alike, we offer the cus tomers of this house a painstaking individual 4 service. To those who are not already our customers we offer an , opportunity to become i familiar with the effi .ciency of this service. ; We invite calls at our nearest office, or tu case it is not conveni ent to call, send your inquiries for statistical tt other information by mail. HANDLER &60MPANV New York New Harm Franklin Bank Bid. Philadelphia lloiton Baltimore HIGH MONEY HELD ! NEW YORK, stock exchange transactions MM N K Call Rate, After Renewing at 10 Por Cent, Was Jacked to 14 Service and Stability Financial Probl ems that are of interest to you are of importance to us. "We are especially pleased When ve can servo a depositor, a client or a prospect with profitable advice on any subject pertaining to his business. If you have a proposi tion to submit, you have direct access to our offi cers, and are assured of a prompt and decisive answer. Integrity Trust Company Fourth and Green Streets Capital $500,000 SurptuM & Profit $1,700,000 IF Imperial Japanese Government 4 Sterling Loan Due 1931 20 bonds (approximately $100 bonds); principal and interest payable in U. S. gold at fixed rate- of $4.87 per sterling. Price $54 per 20 bond to yield 11.70 The 200 Bonds are selling at about 65 on the New York Exchange. BATTLES & CO. INVESTMENT BANKERS Established 180O INDEPENDENCE SQUARE, EAST Now York, July 1. The 10 nor cent renewal rntc exacted for call loans the highest initial rntc in several weeks, coupled with the triple holiday nhenil, were too big handicaps for the stock mnrkct today to overcome, more espe cially in view of the fact there was every possibility of another flurry in I money rate today ns the result of further loan calling and the heavy with- urnwni or government funds, it was true preparations for the latter weto largely made yesterday. Nevertheless, it was evident everybody was feeling the pinch which was indicated strongly in the subsequent advance of the call rate to 14 per cent. In addition to the money market, there wns likewise more or less of a general disposition to defer new com mitments until the Democratic con vention had finished its job. The tnnr ket world does not seem to be paying any great amount of attention to the proceedings of the Jacksonlan follow ers nt the Oolden Gate, but there was, naturally, n general d.eslre to proceed cautiously until the "convention had made its choice nnd agreed upon n party platform. 'While the gathering appear to be pretty much n cut-and-dried affair, there wns a general an- nreclntlon thnt unexpected surprises were always in order. I'ndoubtedlv the larger percentage of the trailing element was entirely satis fied to defer making new or extending old contracts until next week. The convention then will be n thing of the past. Part of the enormous ,luly dis bursements will have already begun "to find their wav back to the banks nnd other financial institutions. There seemed to lie n growing confidence in all qunr ters of easier money conditions after this week. Theoretically the idea was nil right, but the currents nrc so mixed nnd conflicting a to make predictions unsafe n day ahead nt thp most. Deslte the many restraints the mnr kct wns under the tone continued fair ly strong. No effort, naturally, was made to resume yesterday's improve ment, although a few shares, notably the express eomnany issues, substantial ly enhanced their recent advnnccs. The shipping shares also did better and the equipment, tobacco, sugar nnd chemical shnres were responsive to the more con fident operations of pools. Crucible nnd Runlnirlo frnturerf the steels. Most of this was done during the morning, ns iuterest In the market lagged perceptibly during the midsession when call money ndvnnced to 14 per cent. T. hn nn.1i. n Ft Arm nrtr, trflrllnr. IlAin 1A1 till ill ... Illlllliuuil i... ...... &....U wnre nnd Hudson nnd Consolidated Ons lost - noinm enen unucr nri-uic, uui the reversnls in the steels and related industrials, also in various specialties, averaged less than a point. The trading became lifeless in the last hour, rriees were not materially nt fected, however, n few stocks mounting to highest levels of the session. LOCAL MARKET WAS MOTIONLESS Halo HOB 100 300 200 400 210 530 200 210 1.550 COO 230 1700 700 2700 100 000 5.110 700 300 100 700 4400 100 100 1100 3390 400 3200 100 100 Dlv, In t .. Adams Express ..,.., 3514 .. Alaska CloM Mines... 1H 1 Alllg-Chnlmcrs 3714 8 Am Agrlo Chcm B7 8 Am Beet Sugar BOW 10 Am Bosch Magneto .11V4 .. Am Can toy 12 Am Cor A Fdy 130 80 Am Drug Syn llli 0 Am Express 148 0 Am Intornnt Corp ... 8055 1 Am-Ln, Franco Eng... 11 3 Am Linseed 80JS o Am Locomottvo 08 . . Am Safety Itazor .... IMS .. Am Ship & com !3Ji 4 Am Smelt & lief .... 0& 8 Am Steel Foundries.. 3713 10 Am Sumatra Top .... 88 8 Am Tel ft Tel 03 20 Am Tobacco 222 7 Am Woolen HO . Am Wool ntn K . . Am Writing Paper pf 42H . Am Zlno Lead & Bm.. 1814 4 Anaconda Copper .... 8514 fl Atch Top & Santa Fe. 79 ? 7 Atlantlo Coast Line.. 84V4 10 Atl aulf & W 1 S S...104J4 fl Atl Oulf & W I pf . . . . 61 X 7 Atl Relmlnir 7 nr...losi4 8100 8.80 Baldwin Locomotive .11014 High Low ISLAND OIL AND : TRANSPORT The recent lilting of this ie curity on the New York Stock 'Exchange lendt added Interest to the facti brought out in our "Special Letter I. O., n compli mentary copy of which will be sent upon requeit. Marketable securities carried upon conservative marginal basis. Odd Lots a specialty. Inquiries in vited. MILTON HEIM & CO. (SnetriMir to GoldLerir JS Helm) .1,-1,2. I'llllu. Ntoelc l.lchnnr. f 1622 Chetnut Street Tlionent rii-U. .Spruce K017-4300. 74BroadmiT ft 41 .1th Are,. N. Y. I Btnmford, Conn. j Holiday Influences and Tight J Money Brought Trading to I Standstill CITY OF BERLIN 4s Actual coupon bonds. Immediate delivery. Price $25.25 per 1000 Marks. Price subject to change. Farsos.Son&Co. Members New York Stock Hunanm 115 Broadway, New York I It would be difficult to pick out any feature attending the limited trading In the local market today that would be worthy of serious comment. It was n market In name only. Trading was ab solutely perfunctory from the start to the finish and what few price changes were made was the old story of frac tional juggling. 1 Besides the restricting holiday in- I fluenccs, ns the governors of tho locnl ' nchnnge also decided to shut up shop , from Fridav until Tuednv. there wns the money bugaboo. It would be no ex aggeration to stnte thnt never in the history of the street has there ever been such a protracted period of tight money. At least there wns never n time when mnrket funds were unobtainable. Brokers simply rannot do business without money, and the banks frankly ndmit they have none to give them. Everybody has calmly accepted the In evitable and sensibly concluded to sit icomfortablv on the side lines until things take a turn for the better. Pennsylvania Ilnilroad rnn into fresh selling in the early dealings, cnuslng i the price tn yield to .ISVi. Most of it iwns Inter regained. Philadelphia Klec- tric reflected the same strong support, holding firm at 22. Union Trnctlon was ij hihor at 20Vi on postpone ment of the fare adjustments and up to 1 o'clock no sales hnd been made in Philadelphia Rapid Transit. Ameri can Stores Improved fractionally at 13. Lehigh Navigation appeared to have fnnnl a bottom at fi"Vi. Klectric Storage Ilattery on a few sales ran up S3 to 123. ooo .. Baltlmoro & Ohio.... 30V4 ou 4 ualtlmoro & Ohio pf . . 41 800 A Barrett 14SJ4 100 7 Barrett pf 103H 700 .. Bethlehem Motors ... 21)6 1800 a Bethlehem Stcet B... 00 200 .. Bklyn Rapid Transit. 11J4 200 io Bums Bros 100 100 .. Butto Copper & Zlno.. 7H 000 .. Butto & Superior Cop. 21 Y 100 . , Caddo Central O & It. 18 00 .. California Petroleum. 3114 100 o California Pncklng... 07?i 310 io Canadian Paclfto ....111 100 . . rase J I 1RJ4 100 7 Case J I C pf 83 300 b Central Leather 0814 300 4 Cerro de Pasco Cop.. 43 1100 io Chandler Motors . ...101 300 4 Chesapeake & Ohio... SVA 300 .. Chicago & Ot West... 8 1100 b Chicago Northwestern 07J4 101 7 Chi & N'oth western pf 08 1300 .. Chl R I & Pao 30K 300 0 Chl R I & Pao 6 pf. 03 00 .. Chllo Copper lfi 000 1.B0 Chlno Copper 20 300 . . cicv Cln Chl ft St L. . 83 Vk 800 i Coco-Cola 3814 100 s Colorado Fuel & Iron. 33 100 B Columb Gas & Elo. .. C3fi 1000 i col Graphophono .... 30 300 7 Consolidated Cigar ... 07 2200 7 Consolidated Qas SO 400 3 Consolidated Textiles. 32K 200 7 Continental Can .... 84 J4 200 l Continental Candy . . . 11V4 800 4 Corn Prodcta Rcf.... 05 400 2.S0 Cosden & Co 3814 lOOflO 8 Crucible Steel 154M 700 .. Crucible rta 114 1000 .. Cuba Cano Sugar.... 82 8200 7 Cuba Cano Sugar pf. 7814 1000 7 Cuban-Amer Sugar... S3 2200 o Delawnro & Hudson.. 80 14 100 .. Denver ft Rio Grando S 100 B Endlcott-Johnson .... 88 330 .. Erie 11J4 700 .. Erie 1st pf 18 2700 8 Famous Players-L . . . 83J4 100 8 Famous Players pf .. 8814 100 7 Federal Mln & Smlt pf 30 700 8 FlBk Rubber 32J4 800 . . Gen Am Tank Car. ... 88 300 8 General Electrlo ....141K 38000 l General Motors ctfs.. 23 4 200170 ,t Genernl Motor Rts . . . 1 100 6 General Motors 6.. 7314 200 7 Gen Motors deb 7.. 60 1300 0 Goodrich B F M',4 400 7 Goodrich B F pf...;. 87 300 2 Gray Davis 24 2.100 7 Great Northern pf.... 70J5 400 4 Gt Nor Oro ctfa 35 100 . . Gulf State Steel 00 800 4. Haskell & Barker Car 78 1400 l Hupp Motor Car .... 10 400 4 Inspiration Con Cop... 40J4 100 .. Inter Con Corp pf 1114 100 .. Int Agrlcul Corp 2114 000 7 Int Harvester new ..128J4 2300 0 Int Mer Marino pf.... 80 000 .. Internnt Motortruck.. 8914 100 .. Int Motortruck 1st pf. 78 800 .. International Nickel.. 1714 000 .. International Paper... 78J4 7100 .. Invincible Oil Corp... 3VA 4000 .. Island Oil n?i 100 . . Jewel Tea 10 ino 4 Kclly-Spg Tire 10014 1500 2 Kennecott Copper ... 28 H 100 1.20 Keystone T & U 2714 100 .. Llg & Myers Class B.142 100 2 Loewe Co 20 !4 300 ..Loft Corn ? 33 1 30H 87 00 118 40 130 11 !4 14314 8614 11 7814 7H 16 Ji 13 Ji 8814 37 8714 S3 232 00 H 14 4314 1314 8514 7914 84 100 ot M 108 118J4 30!4 40 145 103 21 8914 11 108 21 J4 18 30 07 11214 13 K 83 05 43 10114 81 H 8 07'. 08 30 f 6154 1414 28 K 83 35 32 83 20 co?; 7814 3314 84 11 04& 38 151 114 5134 78 81 87 5 88 1154 18 8115 F854 30 32 85 HI K 24 7254 8054 00 87 30 0D9i 35 00 7114 15 47 1154 3154 128 8 Ji 60 78 1754 7554 3054 fi 10 10054 34 2754 143 2054 1554 Toddy's Net Clone Chit. 3254 3 1 .. 3754- W 87 54 154 1H 118 4054 13 54 1154 14354 80-54 It 7854- 4 88 54 1054 23 54 8054 154 37 - 54 8754 55 83 54 222 0054 54 H 4354 .. 1254 55 85 7954- 54 84 54 104 5 oi 354 10454 H 118H- 54 3054 H 41 148 54 1035 1 31 00 1155 54 100 3 7H 54 2154- Ji 18-14 3154 114 67 54 113 1854- 93 , 0654 42 101M 81J4 8 0754- 08 30 0154- 18 20 83 3855 331 83M- 54 21 - 54 0034- 34 702 32- 54 8454- 354 1154 54 0534 35 1843', 4 154 8131- Vi 78 - 154 81 - 88 -154 8 54 88 1154 .. is - 54 8254 55 8854 54 301 33- 54 60 1 144 34- 54 2434 14 74 .. 7254 . S0 0155 87 2054 o34- 35 00 -48 1154 . . 89 T4 8055 78 1754 7654 3854 10655 28 2755- 142 2054 18J4 55 Sates 100 200 3000 200 3800 700 100 100 700 300 1300 1310 200 100 600 210 330 100 000 400 100 1000 100 800 700 700 300 200 6000 100 100 100 300 700 200 600 2800 ' 800 3000 600 300 300 100 1800 1000 600 300 1000 100 8000 1200 2700 100 200 600 COO 600 700 1200 1100 3700 200 100 2500 3000 80 2700 600 200 100 600 6400 100 100 2800 400 200.') 101 1500 1000 100 100 100 500 1103 200 100 200 3700 COO 300 5000 100 100 500 3400 100 700 1400 4100 300 200 100 10400 200 lino 1390 100 300 100 700 300 3000 100 200 niv. Int High Ld Loose-Wiles Biscuit.. 48 48 4 Mackay Cos pf 00 00 10 Mexican Petroleum... 184. 18134 2 Miami Copper 2054 20 1.60 Middle States Corp... 29 354 4 Mldvalo Steel ft Ord. 4154 4154 .. Mo Kansas ft Texas., 5 5 .. Mo Kansas & Tex pf. 0 V .. Missouri PaclflO 34 2454 .. Missouri Paclflo pf... 40 40 . . Montgomery Ward . . . 32 31 .. Nat Aniline ft Chcm.. 7054 7654 7 Nat Am ft Chem pf.. t3 8355" .. National Con ft Cat.. 854 854 B New York Central.... 0754 67 B Nat Cloak & Suit.... 601-4 00 1 Nevada Con Cdpper., 1254 1314 1.50 New York Dock 31 31 .. New York N H & II.. 2934 28 7 Norfolk ft Western... ft 8855 B North American 6854 6854 7 Northern Paclflo .... 71 71 5 Nova Scotia S ft C. . . . 6654 5854 .40 Okla Prod & Ref 4 4 .. Ontario Silver Mining 054 054 .. Otis Steel 24, 2354 B Paclflo Gas ft Eleo.... 4554 48 4 Paclflo Level Corp..,, 80 80 fl Pan-Amer Petrol 103 10234 7 Pan-Amer II., 07 97 4 Parish & Bingham... 32J4 3254 .. Pcnn Seaboard Steel.. 23 23 .. Pierce Oil J5 18 4 Pitts C C & St L cfd.. 74 73 6 Pitts Coal no 00 .. Pittsburgh ft W Ya.. 29 2834 8 Pennsylvania R R. . . . 38 3854 8 Philadelphia Co 3054 36 .. Phillips Pot 44 4354 .. Plcrce-Arrow Motor.. 51J4 .6154 e Pitts Coal pf 88J4 '8855 7 Pittsburgh Steel pf... 86 85 8 Pullman 113 113 5 Punta Alegro Sugar. .10134 100 . Pure Oil Co 4034 054 7 Pressed Steel Car ,. 8934 0855 1 IXny Con Cop 1054 10 4 Reading 84 84 2 Reading IbI pf 4354 4354 .. Rcplo Steel 88 84 0 Republic Iron ft Steel. 9234 03 B.JO Royal D N Y rets ...113 11354 1 St Joseph Lead 18 1634 .. St Louis San Fran.... 24 23J4 .. St Louis Southwest... 13 13 .. St Louis Southwest pf 2.134 3354 1 Santa Crecllla Sugar., 22J4 23 .. Saxon Motor 0 !4 . . Seaboard Air Line. . . . CIS 0 .. Seaboard Air Lino rf. 1154 10 .. Sinclair Oil' :. 30 30 0 Slosa-Sheft 7055 7055 20 South Porto Rico Sue 200 200 6 Southern Paclflo, 8254 01 .. Southern Rail 23 23 20 Standard Oil of N J.. 060 060 7 Stand Oil of N J pf... 104 54 103 .. Std Oil N J pr part pd.. 10255 10354 7 Steel & Tube Co pr... 89 80 4 Stewart Warner Sp. . 40 40 4 Strombcrg Carb 74 74 7 Studebaker 73 71 54 0 Superior Stoel 60 60 .. Tcnn Cop ft Chem.... 10 10 5 Texas Co 48 4655 .. Texas ft Paclflo 4054 40 fl 'IVxas Pic Coal & Oil. 81 40J4 . . Texas Pac Land Trust330 330 O Tobacco ProdUCto . . . 70 0054 .. Transcontinental Oil.. 10 16 B Transuo ft Wms Steel 50 60 .. Twin City R T pf 80 80 8 Union Bag & Paper.. 8054 8CJ-5 .. Union Oil 3155 3134 10 Union Pacific 11354 11354 4 Union Paclflo pf 0334 0255 4 United Alloy Steel.... 44 44 8 United Drug .JU3 11354 .. United Drug rts 154 114 12 United Fruit 201 300 . . Unl Rwy Invest pf . . 33 23 8 United Retail Stores.. 7934 7854 . . U S C I P 4 Fdy 1054 1054 ..US Express 7 7 0 U S Food Products... C0 0054 8 U S Ind Alcohol 0334 0355 ..US Realty ft Imp... 875', 6754 8 U S Rubber 05 9434 6 U S Smelt ft Rcf 5954 50 BUS Steel 93 02 7 U S Steel pf 100 10854 7 Utah Copper 0054 6014 0 Utah Sco 8 8 0 Vanadium Corp 8754 S054 .. Wabash 7 7 .. Wabash pf A 2255 3354 . . Wells Fargo Exp 5055 5155 1 Western Pacific pf . . 0154 0455 7 Western Union Tel... 8334 81 7 WestlnghousoABrakel04 104 4 Wcstlnghouso E ft M. 5 SS 4 White Motor 83 53 1 Willys-Overland 104 1SJ4 7 Wlllys-Overland pf ... 8134 8134 a Woolworth F W 105 105 Todsy's Net CloiO Chgf. 48 1)4 00 54 184 -154 20-54 2914- H 4154- H 5- H 0 3454- 54 40 55 32 54 7554- 1 8354- 34 854- M 0755 55 00 54 1254 - 54 31 14 2854 - H 89 54 8854 1 7154 8554- 454 054 34' 1 45 t. 80 54 10355 H 071 3354 .55 23 54 1854- H 73-1 60 29 34 38 .. 3054 t 1 8154 54 8854 54 85 113 2 10054 55 4034 9034 y 1054- 54 84 34 4355- 55 8554 0255 55 113 1534 54 24 13 2354- 55 23 054 0-55 11 14 34 30 54 7055 55 200 -11 0254 54 33 55 050 9 104 54 55 f0354 54 891 40 54 711 7134 l CO 54 10 14 4SJ4 4054 55 611 330 12J5 0034 34 10 50 . . . 801 8055 55 3154 11354 ?4 0355 - 54 44 - 54 113 55 154 .. 201 3 23 154 7054 154 1054- 7 55 eo J4 13 34 6754 54 05 5054 34 03 106 54 6054- 54 854- H 8034 54 7 54 22J4- 55 80 155 0455 154 h2 134 4!5 54 83 J4 10 54 81- 54 105 CURB Fl . - . ' -U EPITF III -. H i HIGH MONEY RATES Carib lssuo3 Prominent Sugar Stocks Slightly Lower. Oils Steady New York, July 1. Thcro woji a firm tone to the trading in many 'issues on the Broad street curb, in spite of the high rato for money prevailing on the stock exchange. Carib issues became prominent, Carib Syndicate advancing from 18V4 to 20. There was a demnnd'for the Carib trad ing stock but without transactions. Columbia EjncraSj sold at 894 in the early trading nnd then reacted to T'JJ. American Tobacco Securities, which nrc now traded .in on the curb, wore in pood demand, advancing from C5 to mVi. The sugar stodks were slightly lower, Central Teresa selling nt (1 to 0. T'nlted Steamship was traded in on a large scale at 2 to 2. Petroleum Issues wcro generally steady. General Asphalt ranging from 74 to 73 nnd Slmms from 10 to 17. Philadelphia Electric wns traded in at 2194 to 21. INDUSTRIALS A T Beo Auto Bale , . , , Acme Conl ., Amn Chicle .. Amn Chicle pr Amtr Candy Alum Stfr .... Aium Aire rtf Da Central Teresa ! ! Columbia Kmerald 8 Colonial Tiro 2 Kmrlre Steel 30 Umpire Btcel pf 73 Ocncral Asphalt 71 (Irapo-Ola, Orape-Ola pref a Uunntanamo Suuar 23 lljilraullo Slcol 211W Hydraulic pf 00 Horculea Taper M'i Int., lliiki... . ..... "u"w l.l l-"v 13 f Coal 2; 2H 2 Iflnjoln Motors A 43 43 43 u .1110 , , S J Zinc rts , North Amer Paper .. Perfection Tiro Hadlo Com ltadlo Com pf Rainier .Motors Hlnner Ufa- Submarine Uont Sweota Co Times Squaro Auto. U H High Hpeed Tool U B I, & u u atram Durham Hosiery Mills Endorse. Credit Insurance: The manufacturer of nationally-known 'Durable Durham" Hoiiery are noted for their progiresilve, effi cient busineti method. Read their experience with the American,i Credit Insurance: "This will acknowledge receipt of your1 Adjuster's Draft for 6353. 15, in settlement of our excess' lostei (or the past year. These lossetwere most unexpected to us and were on well-rated and highly valued customers. "For such commercial accident as this we carry Credit Insurance and thereby feel satisfied that 'bur book ac counts are well protected against a re-adjustment period which is rapidly approaching." If you are a manufacturer, wholesaler or banker, wo will gladly send you full particular of tho American'! Unlimited Policy, also a copy of "Commercial Safety". a new book containing the business counsel of over 200 leading firms. No obligation, of course. Write or phone. AMERICAN CREDIT-INDEMNITY CO. or NEW YORK ' E. M. TREAT, pumimnt ISSUE! TANDABD UNLIMITIO roUCII W. J. MORPHY, Manf ar J. F. McFADDEN, Cenaral Agent Mutual Ltf. of N. Y. Bid Phone Filbert 5803 Philadelphia, Pa. Total pain 144 700 nharcs. week. l.OSS.'JOO shares. compared with 302.800 shares ycntcrday. Ex-dlvldend. t Ex-rlehts. Thus far this wook 1.287,543 shares. Same period last Denver Gns & EIcc. 5s, 1949 Emplro Gas & Fuel 6s, 192 1 LMcde Gas Lt. 7s, 1929 Seaboard Air Line 6s, 1915 B0ENNING, GARRISON &C0. STOCK KXrilANOK Ill'Il.DI.VO Dlrrrt TrUate Trlrplionr to Nut York Members I'lillu. Mock l.tilntrne tillailelrihln Itnpld Trunult man V''17 i""'.'. "";, mT.i i, llullurfiv .1 I'nurr Co. ktln.fMnhlu CnmiMim C'oiihoI. Sanatlian Nutlciniil HiilUyu Unlou I'urlllc lullrmul Kuiilu. Ithlh Vttllry Itiillroiiil Hjn. fftviYork Crntril It. It. Kqiiln. hlull vnilfj iiwj. .inmiiii 5n, 1057 a. loon ak, urn . A, 1951 7n. 103. J. Sfrlal 7. Srrlal 4m. 102.1 Ui.ii. soon 7". Hrrlal l,H Samuel K. Phillips & Co. t2mbtT I'lilliidrliiliht Ntork i:rliunge iZfit rubr 807 CIIKsTNt'T hT, fidelity Trust Company Member Federal Reserve System i Capital $5,200,000 1 ',.. tin nnnnn l surplus Vi,vu,v,ju Main onice MS-MI Chestnut, St 4:u4B. H. Fourth M. llranrhs 1131 Chcilnut HI. (13181 Wnndlunl Mr. Norris, Grubb & Coughlan v Accountants and Auditors West End Trust Bldg. Philadelphia New York R. B. CARR Accountant arfti Auditor Penalvania Bldg., Philadelphia Lawrence E. Brown & Co. MED PUBLIC ACCOUNiAHia nnd adjust partsrrshlii a4 ffeosn.iw ani LIVESTOCK QUOTATIONS Chlcao. July 1. CATTLE Kfcrlpts, 10,000 head. Hef steers stronsr. some ni-11-Ine hlehr T.arly top. $10.30; bulk JUW 10 butchr and feeder stock stroncer. ian ners nnd bull Blow; bulk canners. 14 L'S 4 7." bulk butchers cows. S7 010.50, calves unefnty lower bulk vealers. 111.605?12 30 HOaS Iteeclptr 33.000 head. MoKtly ,1,"ir to 40c lower, Ilsht and Hint butchers, S1A 7.1fin 10, bulk 2S0 pounds and over, 114'1B r,0 HHEEP Receipts 23.000 head. Verr slow. Lambs around B0o lower. rittatramh. July 1. HOflS Receipts, lnno head. Market lower. Heavies. 110.230 10 BO, hoavy yorkers. 117.0.1017 7JS. Hunt orkers. 110 2n10 7(1; Bias. IIB 25W1S 73. SimnV AND LAMI1S Receipts. 300 head. Market 'ady. Top sheep. 110 10, top CAIA'ES-nerelpts, 200 head. Market steady. Top, J17. Kast St. TdMils, Til.. July 1 CATTI.T5 Receipts 4200 hfad. Practically no early native utile undertone- lower. HOGS Receipts, 8000 head Fifteen cents to '. lower bulk 1UM and medium welshts. linfrKMO bulk heavies. 115 30318. 8HEKP--Re lpt, 8300 head Lambs lower, sheep steady. NEW YORK COFFEE MARKET Now Yf.rlt, July 1. The market for coITpp .futures was active at the opening thl-i morning. Covering orders sent July up 30 polnt. while the other positions were ft to 2,1 points lower. The selling wns of tlio fame eharactqr as noted in yes tenlnv's decline. Coffee futures this morning sold nt tho lowest levels since the war, the bears rontiuuiiiir their vlcorous cainpaicn. .Tulv writ forced down to 13c. or 40 pointh below the initial quotation of the KesMon. which wns 30 points above the previous close, owing to covering or ders. Other positions were 5 to 25 points lower on tho call. Later, liqui dation was very heavy, owing to fears a fresh drop at primary points. September here fell to ll.ftOc before midday, or 2ft points below yesterday's i.nt.n mn.l nnrl December dromipd tn tNet chanire mnd by comparlon with last , ,!: ,,,. .l ynK- n on nntntH f'nn. silo on New York Stock Eichange. 11.03c, a net IOSS Ot - points. l.on- trftpU llt Santos were irregular, 400 reis Total nale 17fl0 shares compared with 3072 shares yesterday Thus far this week r.S07 nhnres Same period lust week 13,013 Ha"e"n nOND8 Net jinoo High Low Close chife. 1 Pltv 4s 1040 8Uj S8W, 88V2 lyi 8 I.eliipli Val foul fts,. 8ft Vi 8ft 8ft 3 2 -ft I.ih Hond 2d 4Vih. .. Rft ftO 8ft.ft0 8ft.ft04-.00 1'. 3d 4V, s.. fi.flO 88.00 8S.W1. 20 0 7-10 4th 4,s Sft.40 8.1.10 8ft. 10 .10 12 Vic N 4!!is. ua.M-i uo.db uit.&-r-.iit) 2 Nat'l I'rop 4-fls .... 3 311 3-y,.. 27 Ponna It H temp ctfs.102 102 102 i 1 3-10 I'hllKIec 1st 5s.... 83M, 82V1 83Vj 1 Snan-Amer Iron O.s.. 083 1)8 Vj 084. ft I'nited Itwy Invest fts.. Oft 05 05 . Philadelphia Stocks Net Hlch Low Clone chiro. lfOAm Strs. 44 44 44 0 Am Has. 37 37 37 ft 10 Bald Ioc nref ... 07 07 07 V 2ft ElecStor.123 122 123 3 3 Gen Asph pref ..110 110 110 .. 3 1 I P N A . 29 20 20 . . 153 I.eh Nav. r.8 ft7i ft7M,- Kj 332 Pa It It. 38 aSVt 38 2ft0 Phil Klec 22 21 21.. 2ft PUT... 18 1,8 18.. 2 Ph Tract ftl ftl 51 -fl 20OTonoIW. 1 1 1 V 300TonoMin 1A lVr 1A tV 21ft Un Tract 20 V.. 20 20 .. 2ft T' tt I... 42 41 42 4- lOtUS Steel 02T4 02Trs 02T V. Commodity Markets Mi Total. I0S 000. compared with 1130.760 yesterday. Thus far this week, 1411,150 feame period last week, 1303. BOO Prices Firm on Parle Dourse I'urls, July 1 Prices were firm on the Bourse todav. Three per cent rentes were quoted at Lit 30c; exchanee ., in,tr, lit Un! B Dtk- cent. loan. ggf 30c. 'The dollar -wa'quoted at 12 lOo. hi oh 1.1. tn 15ft rels lower. Some brokers expressed the opinion that the movement downward might be the result of a much slower development of tho Kuropean demand than lias been hoped for, or from prospects for in creased new crop receipts. Yest. n M irl?h T.ow Close cIoho 12 10015 12.40 11.40 IS 17W18 12.25 1. i"" , 2r)21 12 27 12 22W23 12.29 1" iijfio 12.25 11.43 12 24S25 12.31 . . 12.27W28 12.34 28 iiia.i 12.00 I2a4ff3(i 12.40 l.JU Vi.iu l..onvyoi lA.ta Pept Oct. , Nov Deo Jan Ke b .... March 12 27 April GRAIN MARKET Chicago, July 1. Excellent buying by commission houses strengthened the corn market today after it had broken sharply early. The decline waa due to pressure from commission concerns and cash firms, splendid rains throughout tho grain belt the last two days having brought about a reversal of sentiment, A "big lino of long stuff for country account was disposed of nnd this pre cipitated stop loss liquidation. A good demand developed on the break and lm- Eortant local traders purchased Decem er, causing an Improvement to above tho previous close. Tho bulgo led to profit-taking. The cash article was easier and con siderable weakness was reported from Kansas City. Shipments of wheat from Argentine for tho week were estimated at a.oou.uuu Dusncis anu 01 corn ui . 000,000 bushels. Minneapolis reported tho first car of new Knnsas winter wheat today, it graded No. 1 hard winter and tested OO'a pounds. Kansas City had a car of new wheat today from Oklahoma. Oats nlso rallied with corn after lt had been weak under general selling. July sold at a dollar for tho first time in weeks. The trade felt that the chances of extensive crop damage were slim and that prices were high for the hi.plnnlnir of a new season. The cash article opened 2 cents lower, but later Improved. Iadlnn futures ranited as follows: Corn Oren Hlu-h Low Close Sept LOS' 1.70W 1.07 LOO- EoPt'ITr 83H E0 84U 85V4 kept! 77 85.00 85 10 84.65 ept!ra77 21.25 2137 21.25 E'tpV'TT 18 00 18 02 18.00 COTTON MARKET New York, July 1. Tho mnrkct ruled dull and featureless in the after noon, with prices holding well up to the high level of the forenoon In the ab sence of selling pressure. Crop nnd weather accounts continued favorable and tho official detailed reports indicated that night temperatures over tho eastern and central districts of the belt were considerably higher. l'or some days past there have been com plaints of cool nights In these sections. 81.70 21.25 18.92 FOREIGN EXCHANGE New Tork, July 1. -Tho opening In foreign excharrgo waa quiet nnd Bteady. Demand sterling was unchanged ; francs and lire were each up 2 paints; Clirla-i tlanla was oft 10 ami marks were up 1 polni. Quotations were: Demand sterling' 3.94, cables 3.9EVi. unchanged; franc cables were 12,13, chocks 12.15; lire cables 10.85, checks 18.87 ; Belgian cables 11.55, checks 11.57 ; Swiss cables 5.48, checks 5,50; guilder cables 35 H, checks 35 ; pesetas cables 16.56, checks 16,60; Htockholm cables 22.10, checks 22 ; Chrlstlarria cables 16.30, checks 16.20 ; Copenhagen cables 1C.36, checks 16,25; marks 2.61, YESTERDAY'S FINAL QUOTATIONS Sterling Francs Llrn Guilders Demand.... 8.044 12.20 10 SO 35H Cable 8.05VI 12.18 10.8S 35 S TODAY'B OPENINO QUOTATIONS Sterling Trancs Llrn Guilders Demand .1.. 8.04 H 12 13 18 o7 asw. Cab! 8,0611 12,13 10 83 33K NOON QUOTATIONS Sterling Francs Lire Guilders Demand ... 8.04 12.12 10.88 83H Cables .... 8.03H 12.10 10 811 30 H CLOSINCJ QUOTATIONS Sterling Francs Llro Guilders , a.04 12 12 in.fio nr,n, 12.10 10 78 35 H nnmand Cables 3.113 Huh Low Inrit I r.H4 sn natt I oo oo oo I 3 2?i , 214 40 40 40 01 01 . 01 .oil n om 22H 22?4 22 1 BR 88 7 u l1 'I 30 311 I r 78 73 , 73 73H 234 23V4 I ' . 11 20H 20W '- 00 90 , 23 28'i Ilk Your Money Will 1 ::: lk 1 Earn 8?S Witn Safety ... 2U 2(4 aft I '.'.'. 2H iS 2(J when invcited in Preferred stock with itrong Sink- ' ".'lis'1 117 iibU ing Fund provisions and baued by well-established '!! 1'iQ Ji 1'i I companies munufacturing essential necessities and ','.'. sii'i son nnH ' earning; several times dividend requirements, with no ... sin am am . 1 j l. j 1 ... 2i 2s 2; mortnge indebtedness. H. nXL oli II w I 11 ' hvl " tartfulty stltttti litt f iw 1 ' " PrefirrtJ Stocks jnittlng that ri- J J! 1 quirtmtnts, which we rtcommeni 50',i 50H to tht mast tcnitrvdtitil Intttiter. 383 Yielding AaJe far Folder No. P P T, SR7 25 ;ft - J $ HoIIister',WKite&Go. i 1 II imcoooato, J III "HI Vii. J North American BuUding II 5u it A BOSTON PHILADELPHIA NEW YORK fflj 2'i 2K lllf irRlNoriELD rXOVIDENCB riTTSPIELD rORTLAND 1111! i vl PL. I li In is " '"""" - . Vf, H ' 141 14U 31 81Vi IT ssss n as ss ss sss.ssssssssssssaw 2ti am 4 4i 15 13 I 6 nK T Bli 81H 101 17 104 10V4 32 824 Iflt; 17U 10 , 10 20 20 lji Hi Wt 8 10 ll OH OH VaV i2'2O023 12.88 12 10 12.37m38 12.45 JuYy llso" 13.00 12 80 13.8T 18.00 llld. B. and O. Earnings Tho combined Income statemont of the naltlmore and Ohio lUllroatl Co, for the half yer ended yesterday, which was partly estimated, was Issued by the company yesterday. It showed that to tni Income for the period amounted to 116 266.827, which wns a decrease from thVcorrespondlnir 9J Period of 166,849. Net Income for the period totaled 4, 432 289. and after the deduction of the MONEY-LENDING RATES NEW YOllK Money on call opened nt iu per ceni; iuku, 11; low, lu; last, 12 ; closed, 12 ; ruling rate, 11 per cent. Thero was no chance In tho time money market today. Thcro Is no de mand for lone-term runus on tho cur rent quotations of 8H Per cent to 9 per cent on all Industrial and 8,i per cent on mixed. There is a fair demand reported for acceptances. The rato of discount on this class of paper Is Ci to 6H Per cent riiii.Anm.PHiA call, c per cent; tlmo. 0 per cent ; commercial paper, three to six months, 0 per cent. (Note These are merely nominal quo tations, ns the legal rato of Interest In tho stato of Pennsylvania Is llxed at 6 ner cent. Plus premium and mmml. sion time money ior tnirty to ninety days Is loaning at 8 to 8Vj per cent, while commercial paper from three to six mouths Is being offered nt 8 to 8 per cent.) LONDON Money Is quoted nt 6 per oent. Discount rates, short bills, 6 per cent; tnrce montns uius, tiii-10 por cent. United I'lct Trod 1'4 united Profit Sharing- ... 1 U S Transport -.i.n 10U United Retail Candy.,.. 14W Wlllya Corp 10 Willys Corp 2d pf (13 woodward Iron 60t STANDARD OILS Standard Oil of N. Y....883 363 INDEPENDENT OILS Allied Oil 27 Allen Oil 2 Ark Nat das rts 1W I loon 0 Oil 3H Doston Wyoming; H Carib Syn 20 Cushlnr Pete 1 Dominion Oil lot; Engineers Petrol 1M, Klk ltaaln Pet 7' Federal Oil 2H Duquesno 4 Olenrock Oil 24 Oranada 11 ; Hudson Oil A Int Petrol 33 Kay County Gas 2 I.ono star Qas 2Mi Mex Pan 1(1 Maema Oil 8 .Midwest Rcf 147 Okla Natural Gas 31 H wmn rioi 1 Omar OH HU Producer St Rcllners 7i PlttsburBh Olt 15 Panhandle pref 01 Red Rock Oil i Royal Dutch rts SI Hi Hi pul pa Ret HH Rlmms Petrol 17 Skelly Oil 10W Halt Creek Prod 32' Huperlor Oil 17l Superior Oil rets 10 Texas Rannrar Tropical Oil 21 Un Texas Oil H Victoria Oil new H4 Woodburn 3V White Oil 10H Roy de Franco OH 5IININO Alaskn-Drtt Columbia .... 1, Host & Mont 02 Cated Mining 23 Calumet & Jero.no H Candelarla Mining A Cortex HlUer 01 Cresson Oold 1H Divide Extension 23 Kl Salvador 2Vi Kureku Croesus s Gold Zino 12 llecla Mining IA Jumbo intension 5 ICnox Divide 5K Louisiana Co U MacNamara A Motherlode new 5 Hlmon HlUer l'-i Marsh Jllnlne 10 Mother I.ods (new) 0 Murray Mok 70 Rex Cons 7 Rochester Mines 10 Ran Toy 5 bllver King nt Arlicna .. 47 H Stiver Lead hi. Huccess Mining 4 Tonopah Belmont 1 Tonopah Cash Boy 7 Tonopah Divide I'l Tonopah Kxtonslon 14 Tonopah-Jlm Uutler 12 Tonopah Mln 1A Tonopah Mlzpah 14 t'nlted Daatern 8 West End C 1 White Caps 10 Wllbort 4 nOND9 Allied Parkers 0s 70 tt Amer Tel lis 1022 OS1 Anglo-Amer ?li OHH llerlln 4 25 C C C a fit, Louts 0s b.lH Cologne 4a 27 Frankfort 5s 28 Goodrich Ttre 7s H5i Oreat llerlln 4h 2UV4 Hamburg 4V4s 2.',U Inter Rap Tran 7a 08U Kennecott Copper 7s 02 I-elplo. 4'4s snli Rlnrlnlr 7V4 a I)7'i Hwedlsh Os 85H Hwlss n'tJ .". Texas Co 7a 117 V Western Electric 7h I8' 08H uau 2i 82'4 7t4 07 8 08H 08M Trade With Germany Improving Washington. July 1. Trade relations with Germany shows gratifying Improve ment nv onicini ugures moao ouni o to. day. May 1, 1920 Imports J4, 849, 850, May 1919, J90.330. For eleven months ended May 1920, Imports were 336,649, 902 against S677.985 for like 1919 period. Kxports May, 1920, $20,848,231; May. 1919, 160,814, For cloven months ended May, 1920. exports were 3182,475,926, against 166,869 for like 1919 period. George H. Burr & Co. announce that they have admitted to membership in their firm Mr. H. Courtney Burr Mr. Laurence A. Davis Mr. Arthur S. Kleeman Manncer Investment Department JULY S, 1920 United States Certificates of Indebtedness Wo recommend tho nbovo obligations of tho United States Government as a most desirable investment for fundB reserved for future payment of taxes, interest, dividends nnd other shortly maturing obligations. We can offer limited amounts of tho following moturitiet. coupon at rnicra RATB MATURITY TO YIELD I 4Vt Sept 15, 1920 Sy2 434 Dec IB, 1920. ...,...,...,. 4 March 15, 1921.. ...6 6 June 15, 1921 6 Graham. Parsons & Co. 435 Chestnut Street Philadelphia July . Oct. . D.c. . Jan. . Msrrh. Vast Tnnv'a clone open HlKh Low Close . 37 80 38 80 HH 08 88,00 38.40 . 83 18 83 00 83.48 88.25 88,42 . 81.80 8.' 03 8',!. 18 82.00 82.05 , 31.25 St 82 81.48 81.25 31.48 30. U5 30.72 80.80 SO. 70 80,80 8. Porto Rica Sugar Stock Increase New Yorlc, July 1, Stockholders of the South Porto Illco Sugar Co, at a special meeting approved the Increase In authorised common stock from J6.000.00o to $12. 000,000. It was stated at the meetlmr that most of the Increase would be Issued to present common stockholders pro rata to capitalize the earnings In vested In raw sugar factories and other developments of the Santo Domingo properties. The common stock now out. J;iar 2 Tier cent dividend on tho pre- standing lfl approximately I5.603.800. fe?reu" stock for the six months, when I'resldeni i-Miiuignani anm u c..0 totaled II.WOOOJ there WM.ltftsVM. 'planting; In Santo .'W "Jl'n plus of TJ,2J2,289. fccreased by several thousand acre BANK CLEARINGS Ilank clearlnus todsy compared with cor respondlns day last two yeurs: 1020 1010 1018 PhlU ..jnO.ltU.MA fR3 2(i) 7112 Holiday llaltlm'e. 18.84(1,1104 1(1524.081 Iloston .. 81,188,4(17 75.385,1)88 '.' Chlcaeo 130,005,508 105,040.400 . ..,"'! Ht, I.OUIS II.0I,1IIT N. Y . 1,077,2I'.I,'117 007,(102,012 Holiday Reserve Banks' Discount Rates Olllclal rediscount rates at tho twelvn Federal lU'serve banks nro as follows: Trens. I.lb. Cnm'i nt... ctfs. Uonds Taper Accept, ixiiiun '.7 " i New YorK avi n Philadelphia ... fiVi 6H BW rievelsnd 514 ntf Illchmond BV4 n Atlanta 5U 05V4 5Vi Chlcaro 5H A Kt. I.ouls .... 5a6H fttt Mlnneanolls . .. HH II Kansas City ... II SU ifovt nv Dallas ban Francisco. Sit :y n P b n Local Exchange to Close 8aturday The Bovernlns; commute of tho Phila delphia Stock Exchange fas voted to close the exchange Saturday, July 8, Tennessee Power Co. First Mortgage Ss, 1082 Portland Rwy. Lt. & Pow. Co. 1st & Ref. Bt Duo 1042 &UL!arKgo. BANKERS 321 Chestnut St, PhlUdelpM Member tfnt Tork and PMMsleM MtotU IChanem 1812 1920 THE' PENNSYLVANIA COMPANY for Insurances on Lives and Granting Annuities TRUST AND SAFE DEPOSIT COMPANY Capital and Surplus - $7,000,000 Member Federal Reserve System DUOAD BTBKET OITICH CkMtaat Judoer BUtts 517 Chestnut Street Philadelphia Securities for Investments JosephW.Gross a Co. 1421 Chestnut St. Correspondents Aldred & Conppny t?ay II' 1 1 II "TT 11 I I I I III , . I l. ....... ,i.zHMk1sk. . . r '. .t.. ...... , ' . . . i . ud..t.-j..:.. . iu .,., .mm i a.,.i tiit'zsBiakmmitmL. akv-i- ,'rv.,iiw:iMiVAi3 ,ji j' vt. .. . WANTED PETROLEUM COKE Prompt or Future Delivery F. C. LUTHI & CO., INC. - NeH.York.N.X 280.Broati M :a jL mrtjfaanaa, ,, mre,--!-'l'aiaami'J''-'i
Significant historical Pennsylvania newspapers