., .A -. v .r' "A V f v 7J f ' v ' .2 t '! ' T ' K r tet 20 EVENING PUBLIC LEDGER PHILADELPHIA, FRIDAY, JULY 2, 1920 'cIkw.. rr ! r' ".it - pa &Sii. b m 'x m tMk Ul IWS & mm V Mi "V . ye :M VK ?. J j 'f A Railroad Bond if. tfTO rtn n 19 PA Tr-ti TRnci'o " ,. . . We suggest the 67 Gold Bond of an im portant railway for ' semi - speculative in vestment purposes. The road is one of the few that earned more than the government guarantee during 1919. There is every reason to believe that ' under the Esch-Cum-mins Law the position of the road will be ma terially strengthened. Further details on request for circular. Hemphill, Noyes & Co. U embers New York Htock Exchange Franklin Bk. Bldg., Philadelphia Nw Tork Boston ficranton MWOTSEN I INI WAS IRE HOPEFUL List Displayed a Much Stronger Tono Despite Firm Money Rates June 1st Dividend on Cities Service Company Preferred Stock was paid to 19,410 Stockholders of Record A wonderful evidence of confidence in this Investment stock. Circular "P" on request, Henry L. Doherty & Company 604 Morris Bldg.. Philadelphia, Pa. I'lione Locust 1410 A Booklet of Sound Investments We have prepared a new Booklet which briefly de scribes : 6 Equipment Trust Certi ficates 4 Notes due within a year 1 2 Issues due within twenty-nine years 4 Preferred Stocks Thee issues represent the most attractive now on the market. Complimentary copy of this Booklet sent on request. Bonbright & Company 437 Chestnut Street Philadelphia Nw York Boston Chicago Detroit ST. LOUIS SAW FRANCISCO RAILWAY CO. Income Scries "A" 6s 47 (1470. prr 11000. bond) Listed on the New York Stock Exchange. We solicit orders for these bonds. MOORE LEONARD & LYNCH CUSHMAN NEWHALL MANAOCR U I340 WALNUT STREET HITZ CARLTON HOTEL IU MEMBER RCuuraw -.NEVYDRK. PHILADELPHIA 'CPITTJBUHGH STOCK CXCHANOCS pirnsuReN mien New Ynrll. .Tllltf O Tl, hntter feel . Inc manifested In market circles In the two preceding sessions wns again "tropgly In evidence In today's stock market: first, reflected In a nominal increase of business over that of recent days and secondly, in an appreciable and encouraging improvement in prices, It was Indicated In a leaser way lis reason of the slight Influx in outlde buying orders nnd also in the right-abotit-facp turn in the. tone of the market letters of the leading wire houses. While stocks rose cotton broke more than ij .-ent n pound on a benrMi government condition report which esti mated the condition at 70.7 on June 2." as ngnlnst (JIM on May 2.". an uniisu ally good improvement in the crop. Ilierc wns nothing pnrtlctilarl.v in vigorating In the over-night develop ments or in the morning news that would account for the reversal of the market sentiment. However, there "as a fuiriy coulident belief that the peak of the credit strain had been seen nnd safely bridged over. In truth, the majority were safely counting upon a materlul easement of money conditions In the next few weeks. It was ligured that n large percentage of the huge July disbursements would quickly find a way bnck to the depository institutions through the regular channels. It was nlso pointed out that when the street resumed business on Tuesday tlie Democratic convention would be a matter of history. Judging from what little Jacksonlau followers havo done so far, there was. in the opinion of Wall street, little to bo fenrcd from the party in the forthcoming election. Everything thus far agreed unon onlv appeored to cinch the election of the Uepublicun candidate. Sentimentally the market derived it strongest bacli log on the relative easier state of the call money uiurktt. Not only were the call loan renewals made at 10 per cent, but mot all thu loans earrjing over until Tuesday were mndo at that rate. The more liberal supply of funds was indica'cd in the Minding of the rate in the afternoon to 8 -per cent after the most of the day's require ments had been provided. Several stocks stood out proinlnentlv in the day's trading, u point of special strength being Haldwin Locoinotiic, nnd nlso (Jerman-Amcrienn Tnnk. Hut nenrly nil the equipments nnd steel shares continued to display notable strength, which was entirely logical in view of the prospective large expendi tures that soon must be made by the country's transportation lines. To n large extent the day's operations repre sented the fnmilin'.' evening up opera tions of the professional element. This accounted for the irregular aspect of the market nt different intervals, but ot all times the undertone was one of de cided sMengtli. Advances of n point in Haldwin Lo comotive, Mexican Petroleum and Middle States Oil and fractional reces sions in several of the high-grade mils, American C'nn and the Coppers, meas ured the extent of the irregular move ment of prices at the opening. The ef fect of the coming holidays was ap parent in the smnll attendance of mem bers of the exchange and the very light business reported by commission houses from out-of-town sources. Aside from 11 nominal increase of business over that of recent days, the market held to its irregular and re stricted course during the morning. Dealings embraced scarcely more than a score of the usual leaders, among which Haldwin, Mexican Petroleum, Vuuadium, Republic Iron, American International, Atlantic tiulf and Marine preferred were most prominent nt ex treme gains of 1 to 2 points. Oils and textiles represented the con structive side of the market at midday, steels, equipment", shipping nnd rails showing little change. Hume of the recent favorites among specialties, notu bly Uarrctt nud u.N'tionul Aniline, were heavy, reacting I'., to .". points. The feature of tin bond market was the further advance of Ilelginn 7'js to par. Kxchunge on London was firmer on moderate buj ing of demand bills. Oils, steels, shippings and rails led the list to best prn es of the ilny in the final hour. Shorts covered urgently on call money's decline to S per cent. NEW YORK STOCK EXCHANGE TRANSACTIONS BETTER TONE TO LOCAL MARKET Dealings Small, but Price Changes Were on the Con structive Side Sales 00 .100 700 300 100 300 200 200 000 4000 101)0 100 100 200 3100 700 MOO icno 1100 700 una 2700 100 000 ISO 3390 1400 100 ino 1300 100 100 2P10 4 1)0 3100 23100 100 1100 300 2000 400 1700 MOO 100 200 300 100 200 100 1500 400 2200 100 200 1710 1400 100 1400 2000 400 400 1400 1500 2010 100 200 800 800 100 1100 200 100 Ji00 1800 100 100 100 00 700 300 4300 700 7400 3800 000 600 100 200 000 800 200 100 100(1 730 700 2A0O 10O 100 4000 200 400 200 2.S000 137170 100 100 1200 200 1000 100 400 100 3300 100 100 700 A00 (100 son 300 100 100 700 3000 4100 300 S00 11100 100 20000 .-,00 MOO 1800 Total HI v. Ill S Hljth Low Adame Exnresii 34 33 . . Advanco Rumely .... .15 3.U4 0 AJax Rubber 03 00 .. Alaskn Gold Mines... It 1M .. AlaBkn Juneft O M... 2'A 1'A 1 Allls-Chnlmers 375 37V4 Am Agrlo Chcm 80 W Am Deet Sugar B3M O'H 10 Am Hosch Magneto .110 1IMI .. Am Can 41 & 39 Ti 12 Am Car A Fay 1.19M 13tt SO Am Drug Syn It H . . Am Hldo ft Leather. . lotj lO'S 7 Am Hide & Leather pf 93 03 Am Internat Corp ... 884 87', 4 S Am Linseed 80 70 Am Locomotive to .. Am Safety Razor .... 1815 !' .. Am Ship A Com S3J4 21 4 Am Smelt & Ref .... 00 10H 5 Am Steel Foundries., rs 37'4 10 Am Sumatra Top .... 80J4 87'i B Am Tel & Cablo 47 47 8 Am Tel & Tel 3 D3'a 10 Am Tobacco 322 2204 7 Am Woolen tiVA u55 .. Am Wool Rt 14 !& .. Am Writing Paper pf 43 43 .. Am Zlno Lead & Sm.. 14 t4 4 Anaconda Copper .... 5M "-'H n Asso Dry Goods lst-pf 57 57 7 Atl Refining 7 pt...lot 10 0 Atch Top & Santa Vo. 70 70 H . . Atchison T & St Ko pf 72)i 72?4 10 Atl Gulf ft W I S S...icr,',i 104 J.80 Baldwin Locomotive. .121 U ltlU 7 Baldwin Loco pf 07 07 .. Baltimore & Ohio.... 30J1 30V 4 Ualtlmoro & Ohio pf . . 41 !4 41 8 Barrett 145 UVt 7 Barrett pf 102Te 103 .. Bethlehem Motors ... 31t4 21 8 Bethlehem Steel B... 01 00H .. Booth Fisheries 8tt R .. Bklyn Rapid Transit. 11 11 H . . Bruns Term 0 0 10 Burns Bros ,.107 107 .. Butto Copper ft Zlno.. 1H 7H .. Butterlck X2 12H . . Caddo Central O ft R. 184 JSJS 0 California Packing... B8J5 68J4 .. California Petroleum. 32$ 31 7 California Petrol pf . . 08 08 Pase J I 14 14 10 Canndlan Pacific ....114 112J5 B Central Leather 08 00 7 Central Leather pf... BOH 00 H 4 Cerro do Pasco Cop.. 43JJ 4134 10 Chandler Motors ....103J4 101 V5 4 Chesapeake ft Ohio... S3 81 ji .. Chi Mil & St Paul 33 33H . Chi Mill & St Paul pf . . 40 X 40 6 Chicago Northwestern 6814 07 .. Chi R I & Pao 37 304 0 Ctil R I ft Pa6 6 pf. 02V5 C3'4 7 Chi R I & Pao 7 pf 7154 71J4 .. Chlln Copper HH 15 1.80 Chlno Copper 30 20 .. Clev Cln Chi ft St L.. 2W 53H 1 Coco-Cola 35 J4 38 5 Colorado Fuel & Iron. 33 J4 33U .. Col & Southern 22H 22 B Columb Gas & Elo... HH 844 1 Col Graphophone .... 30 20(5 7 Consolidated Cigar ... 074 W 7 Consolidated Gas .... 78J4 78 Ti I Con Interstate Cal M. 13M 13? 3 Consolidated Textiles. !3 3234 7 Continental Can .... 87 80 1. Continental Candy ... 11H 11!4 4 Corn Prodcts Ret.... 004 04 'j 2.80 Cosden & Co 30 Ti 30 8 Crucible Steel 1554 1535 .. Cuba Cano Sugar.... 83 H 82H 7 Cuba Cano Sugar pf. 784 78 7 Cuban-Amer Sugar. . . 53 fit 0 Delaware & Hudson.. 80 89 10 Del Lack ft Western. . 1935 193 ' .. Denver ft Rio Grando ff 4JJ .. Denver & Rio G pf... 10 Ji 10 B Rndlcott-Johnson .... 87 87 7 Hndlcott-Johnson pf.. 90 00 .. Erie 13 l?i .. Krle 1st pf 19 185 .. Krle 2,1 pf 12H 125 8 Famous Players-L ... '34 St 0 Flsk Rubber 31 31 . . Freeport Texas 2?4 225 .. Gen Am Tank Car.... 073 585 8 General Chemical ....170 170 6 General Cigar 055 05 8 General Electrlo 143 1415 1 General Motors ctfs.. 254 24 . General Motor Rts . . . t To A General Motors 6.. 724 724 7 Gen Motors deb 7.. '80 80 6 Goodrich B F 034 14 7 Goodrich B F pf 87 87 7 Great Northern nt.... 09 084 2 Green Cunanea Cop . . 30 30 4 Gt Nor Oro ctfs 35$ 355 .. Gulf State Steel 00H 0014 4. Haskell ft Barker Car 75 715 .. Hendee ctfs 31 31 .. Houston OH Co 15 15 1 Hupp Motor Car .... 10U 10 7 Illinois Central 81J4 SU .60 Indlahnmn Ref 74 7 4 Inspiration Con Cop. . 50 4U .. Inter Cons Corp 3T5 3Ji . Inter Con Corp pf ... 114 114 8 Int Agricul Corp pf . . . 83 83 7 Int Harvester new . 13014 128i .. Int Mcr Marine 31Ti 314 0 Int Mer Marino pf ... 01 U 00 .. Internat Motortruck.. 00 60 .. Internntloiwl Nickel.. 17i 17 . International Paper. .. 7BJ4 704 6 Inter Paper pf stpd. ,. 744 745 Invincible oil ( uip 405 37H .. Iron Products Corp... 444 415 .. Island Oil 7 5 Kpnnerott Conoer . . . 254 25 Today's Net Cloio Cht. 34 35 34 631 1 .. 24 54 374 H 80 1 93 14 110 1 ton A- 4 1394 54 11-54 1054 i 031 874 15 80 14 9854 5 104 . . 23 .. 00 54 38 1 89 155 47 - 4 S3 221 M 54 U7 34 5 43 34 14 5 50J4 T4 87 1 101 -51 70 54 72?4 - 'A 1055 154 14 54 4 54 l'4 ?4 121 07 - 30? 41', )- 143M- 103Tb- 21"4- !i oo'4 55 8 4 "- !4 G 100 - 2 7 .. 13 H- 54 1'5 5 685 vi 325 -I 08 4- 1'4 - 14 1'4 It 114 08 99J4 42M 102 52 3334 4034 68', 15 3034 4 6255 14 714 .. 15 30 1 83- 354 . . 3354 154 2334 1 8454 34 3034 074 54 78T4- 4 1334- 4 3334 .. 804 2 114 54 001 30T4 1J4 15354 - 1 H 14 7B 5134 34 80 1 193 24 4 34- V 104 14 87 1 00 13 185 13 834 31 23'4 J- 034 54 no 055 14 1414- A 2434 .. 724 14 86 14 63 54 87 85 - 4 30 35 604 14 744- 34 31 - 'i 15 164-1 '4 8134 7- ', 50 '. 334 f ?i 114 8338 H 13014-1 j .-,05 - -j 813H 5a (.11 17 7034 1 '4 7 45 37 's - '4 4414- 4 'j 7 255 11 Satan 1400 030 100 1200 100 100 300 100 200 100 100 8000 100 3000 600 100 400 100 600 400 200 100 3700 000 SOU 100 1200 200 300 1000 000 300 200 200 100 100 1000 300 1400 1100 2300 200 14000 S2D0 100 1300 2700 400 100 2000 6000 4700 200 800 800 700 100 100 200 3100 500 100 3800 300 4500 8300 4000 5 1200 500 300 100 300 300 400 6400 1100 2800 17100 300 10 2018 2S00 701)0 300 8900 1400 3000 200 700 2400 200 100 101) too 200 1900 300 200 100 6U00 100 100 6000 200 1400 1700 1000 7100 100 100 10000 1500 1100 300 100 300 42000 300 000 300 200 800 200 100 4110 800 31 Oil 6 110 400 100 20 1300 niv. in I High T,ow rale 024.300 shares, compared with 814,700 aharca yesterday, 1.20 Keystone T ft R 29U 28 0 Lnckawnnnn Steel ... 73 704 2 Leo Rubber Tiro .... 394 204 2 Loowo Co 26 204 ..Loft Corp 154 15 Ti .. Loose-Wiles Biscuit.. 484 484 12 Lorlllard Tob 13734 133 7 Loulsvlllo & Nashville 89 98T1 7 Manhattan Elcv guar. 384 384 3 Mnnbattan Shirt ..,,25 25 8 May Dept Stores 113 113 10 Mexican Petroleum... 180 1844 2 Miami Copper 204 204 1,00 Middle States Corp... 30 29 4 Mldvalo Steel ft Ord.. 4134 414 7 Minn St P ft S St M.. 774 774 .. Mo Kansas ft Texas.. 8 5 . . Mo Kansan & Tex pf . 0 9 .. Missouri Pacific. 2434 34 .. Missouri Pacific pf... 41 34 40 1 Montana Power 60 60 8.80 National Acme 344 344 .. Nat Aniline ft Chcm.. 70 744 7 Nat Am ft Chetn pf. . 93 815 .. National Con & Cat.. 8 85 B Nat Cloak ft Suit.... 60 60 6 National Lead 7654 754 .. Nat R R of Mex 2d pf 64 tTi 1 Nevada Con Copper.. 134 1254 B New York Central.... 08 1 67!4 .. New York N H ft II.. 20 205 . . New York C ft St L. . 374 2714 2.80 New York Dock 33 315 1 New York Ont ft W... 10 1634 7 Norfolk ft Western... fi 80 B North American 50 69 7 Northern PncMo ....704 70 B Nova Scotia S ft C. . f . 6A 55 .40 Okla Prod ft Ref 454 4 . . Otis Steel 20 2454 4 Pacific Level Corp.... 614 50 B Paclflo Gas ft Elco.... 40 48 0 Pan-Amer Petrol 1054 10334 7 Pan-Amor B 084 074 1 Parish ft Bingham... 33 33 .. Penn Seaboard Steel.. 25 244 8 Pennsylvania R R. ... 38 38 .. Fero Mnrquetto 34 24 B Pero Marq prior pf... 67 67 5 Philadelphia Co 37 304 .. Phillips Pet 4454 434 .. Plerco-Arrow Motor.. 63 51 8 Plerce-Arrow Mot pf. 89 88 .. Plcrco Oil 1514 18 Ji B Pllts Coal 614 605 .. Pittsburgh & W Va.. 204 284 1 Pond Creek Coal 17 1734 7 Pressed Steel Car 1 100 100 ' E Punta Alegro Sugar. .100 10 014 .. Pure Oil Co 415 404 1 RT7j" Con Cop 104 10 8 Railway Steel Spring. 0GJ4 00 4 Rending 854 8134 .. Remington Typewriter 004 00 . . Replo Steel 87 855 0 Republlo Iron & Stoel."44 0214 B.20 Roynl D N Y rets ...113 11234 .. St Ijuls San Fran.... 24 24 .. St Louis Southwest... 135 13 .. St Louis Southwest pf 2.434 23 1 Santa Crecllla Sugar.. 23 33 .. Snxnn Motor 9 94 .. Seaboard Air Line pf. 1134 114 .74 Shell Transport 7354 73 .. Sinclair OH 31 Ji 3034 0 Sloss-Sheft 72 70 6 Southern Paclflo 02 93', .. Southern Rail 25 2334 B Southern Rail pf 50 5534 20 Standard Oil of N J.. 660 650 7 Stand OH Of N J pf... 1044 103T4 4 Stromberg Carb 784 74 7 Studebnker 72T5 714 .. Tenn Cop ft chem.... 10 lo 3 Texas Co 17 - 45 J4 .. Texas ft Pacific...... 4034 404 fl Texas Pnc Coal ft Oil. 5134 504 . . Tex Pac C ft O full pd.604 504 0 Tobacco Products ... 70 69 ... Transcontinental Oil. . 164 165 B Transuo ft Wms Steel 5134 615 2.50 Twin City RT 37 27 .. Twin City R T pf.... 80 80 8 Underwood Typew. . . 170 170 8 Union Bag ft Paper.. 87 805 .. Union Oil 32 314 10 t'nlnn Pacific 1134 113 4 United Alloy Steel 44 43T4 3.80 United Drug let pt... 47 47 .. United Drug rts 114 1 12 United Fruit 201 201 . . Unl Rwy Invest pf . . 22 22 3 United Retail Stores.. 80 705 B U SC I P&Fdy pr... 444 44J4 0 U S Food Products... 07 60 8 U S Ind Alcohol B4 634 ..US Realty & Imp... 804 57 8 U S Rubber 074 94 Ji 8 U S Rubber 1st pf... 1084 10814 0 U S Smelt ft Ref 69 50 5 U S Steel 94 93 7 U S Steel pf 1004 1054 7 Utah Copper 67 604 4 Va-Carollna Chem ... 7114 73J4 0 Va Iron Coal ft Coke. 110 110 2 Vlvadou Ino 185 184 6 Vanadium Corp 02 87 .. Wabash 7 74 .. Wabash pf A 23 23 .. Western Maryland .. 0 0 .. Western Paclflo 27 27 4 Wcstlnghouse R ft M. 60 404 .. Wheeling ft L H 10 OJi .. Wheel ft L K pfd 10 10 4 Whlto Motor 6234 53 8 Wickwlro Spencer S C t0 254 1 Willys-Overland 19 1834 7 Willys-Overland pf ... 82 8134 B Wilson ft Co 511 5814 8 Wooluorth F W 1004 1004 7 Woolworth pf 105 11534 O Worthlngton Pump . . 08 664 Cx-dlvlUtnd. t Ex.-rli.-Mi. Thus far thla week, 1 012,013 shares Today's?' r Clone Ch. 29 34 73 1 394 4 20 4 1514 4 48J5 4 133 .- 34 09 384-1 25 l" ., 189 M 3054 ' 29 V 41 774- 3 5 .- 9 2434 y 41- Yl 00 4 344 a 714- Ui 01i- 34 834 M 60 . 704- J4 5ir 1354 08 XA 294 154 374- y 33 1 10- y 89 69 54 704 14 55 - 54 4 - 54 30 3 , 5114 3!4 496 105 154 98 f 1 33 54 2534 S'4 3834 2114 54 67 1 374 14 444 54 63 14 88 18T4 614 14 2814 - 17 .. 100 4 loo4 . 41 104 .. 905 55 854 60 80 1 C334 14 113 2414 54 13 .. 23 54 23 - 54 0 4 ll 54 734 J4 31T4 14 7334 24 934 244 154 601 059 13 lot - 54 76 3 7314 J4 10 47 154 40H 60 Ti - 4 504 0034 . . N6w York Curb INDUSTniAT-S. Aetna Bplove. ........ "i'ff Acme Coal ... ."!!!!! 11 Amer Candy ...,;,.... .'. nt Amer Chiefs in Afmuj father m liordena k...l02 Hrlt-Amer Tob iiii.'.t.'.'.u larbon Kleel .......,.!!! So Caracas Kunar pi! Copley Tinfoil 25 Columbia Kmerald ....... oil Kmplro Hteel ...... !"' Kmplre Steel pref ....... 72 (leneral Aaphalt .,,...' tI Drape. Ola 3 Dnlilivvn IM.M,.,. - Ouatitamo Sutur ..!!!!! I! 24 Hercules Paper !u Hydraulic Steel ' So2 Indian Packing ....," I IHKIItnr .ui ..... Kranklln Motor ... North Amer Paper National .Leather . N J Zinc N J Zlne rta .... Perfection Tire ... Phlla, Klectrlo ... Itadlo Com Ilerftn rnm ,. Itepublle Tire nab".'.'.'.'.'.', o Low "Lniit s 9 00 40 03 18 B8 00 40 es is B8 10l 102 ........ . . OS 9U sa 7 11 199 18 22 14 08 . 8 80 7J ;? 08gw ' 198 22. last ,k, 1,075. 000 shares. 104 6134 134 27 80 170 5 87 54 314 .. 1134 .. 434- 54 47 1 - 14 201 23 so 34 44j 14 67 1 63 34 504 3 ooS . 15 10Si .. 69 ', S3 T'o 1064 54 07 34 73J4 4 110 is4 03 7 23 9 27 60 10 18 534 4 20 184- 54 83 4 584 1 1004 154 105- J4 644 3 Same period 54 f 4 54 4 n.llll.. fA.MS V I. . "".", n ...... rwui international ,, Singer Mfr Submarine llont ... fweeta Co ' 7.'!S"".", fi5""e Auto ;; Jr-5 Hlh Speed Tool.. urjj.acu JJ s Steamboat ..... united l'lcturo Trod. United net Candy .:; United Profit Hliarlnt Union Carbldn .... Willys Corp :m pref ..' oodwnrd Iron . . , . . , , STANDARD OILS Stand Oil of N Y 884 P i BO't snvt .117 . 12tt :& :a2 . 2Vi . 141 '. 4S . 07 . BOH an 3D 81 ft 07 60!i 14 Bl 28" 8 80 78i 2 IT IU now 84 24 El 7 11 107 Ik 2? 214 2 .10 mi4 11s 124 141? It 0IW 07 noK 381 3S4 12 11J4 814 8114 S a 10 10 7 7 14 1 4' 4 10 10 S 8 14 1J 2 2U 1 INnETENnENT OILS Arkansas Natural 'dk'm' ' AtlanUo Gulf .... ' ' lloono Oil tio.lon.Wynmlnu '.'.'.'.'.' Carlb Syndicate ......'. Cosden & Co....!!! cushlnit Peto ...... '"' Dunuesno ..,,.!! Dominion OH Klk lJa.in pit ;; Engineers' Petrol !.!.. Federal nil ..UI.OUI1 n ,,,, . nnian Hef 1al Inter rtrni... ' ' I"' Kay County d .; 82 I linn Mi,,.. ii- " . Manhattan Ol ... . Maracalbo oil ...','. Mexican Pan .!! Mldweat net " onio iiei ...; Omar Oil '' 'klK N-it Qna .;: Panhandle pref !.!. I'ennork fin Prod ft.nennm!!!!!!:! ru. iied nock on ..:.... v; Salt Creek Prod ....... Ml Sapulpa Hef ...'!!!!!! a Superior Oil ..' Superior on t. Teaa Hanier ....'.'.' iciorn uii (new) .. V11 ran Oil . . Whlto OH ....'."' Plttaburs-h Oil ...!",! 2St lJ?8 03 av. 10S 17(4 SV1 10 14T4 in 84 1 24 64 24 intt 140 22 4 am; 03 n s3 21i 10 144 21 s?4 ,4 18 10 8 2 k ti MrNiVfJ Alaaka Hr Columbia .... 1 , iaco ,, j 00 23 lloaton St Mnntnnn Caledonia .Mlninc .. Calumet A Jerome .. Canada Copper .... uandeiuria Mining . Cortez Silver ......! Creinon Gold Hureka Croesus . . . Kl Salvador Oohleii uate Exp .. vwm v. una o Gold Devel ....!!!.!!! 7 Oold Kewanaa !" m Oold Sliver Pick ......: n Gold Kon . . .;: Herla Mlnlnjr .....!.'.'.'.'." Jj, juiudo uxienalon . B Louisiana Co ;., 11 McNamara U J'nh .MlnlnB .,;', in Mother Lode . nV MotherWxide, new .....' r,'4 Murray JIoc ! 7ri North Star ! . ' ' ' Hocheater Mlnea ' ij San Tov . uii.... i-'i " -V . . S 01, '"r "' Aniona 8 Sliver Lead Succeaa Mlnlnn Tonopah-Helmont . Tonopah Kxtenslon . Tonopnh-JIm nutler Tonnpah .Mining .... United Eaaterrl yem nnd C Vhlto Caps Simon Silver '.'.'. J. UUJS'DS Allied Tack fla .... Aran Tel 0a of '22.. '" Amer Tel lis 0f 24..'.'" Anitl Oil 74a ..;. Anelo-Amer 74s .. '" Anaconda 0s .... ' " llelBlan Us of '23..." " Herlln 4 .. Coblenz 4a 00 23 ot so; s5 aS 1T4 12 JO I) 7 1 6 12 8 J 67 BT4 70 B 10 4 46 4 ITr 8A loA 3 1H 604 98'A 024 09S u4 4 704 OS'i 924 90S 0SIH 074 B7 VH OB 234 23 fhiAV.. V.-.'.L '- i -4 28 cm'KZ1."'" 8? S?K P.a.n I- .., nil Ml ....i, ia ......... Goodrich Hamburg 4 4s ....'. Lelpzlc 14 a Leipzig r,a Mannheim 4a Munich 4a , 27 D, 26 r, 2fl; 20 27 ap 8B 27 04 S 20t It14 30 2"i 64 Ik 147 "44 ai't o.v r, o;; k 6 104 17 00 23 4 61rt 'I 9 7 8H 12 S - 67 70 8 10 4 y 1T4 12 3A 10A a ia 704 osii 024 onS, 00 264 204 no 2?U 03 28i Jil 27 30 HIGH YIELD 'THAT.is the condition aa demonstrated by the list we have prepared for July investment. The July Purchase Sheet shows rates of return which tend to offset the present high cost of living. This circular should bt of value to investors it will bo sent upon requoet for PE'SIO. The National City Company Offices la orar 80 clUai Philadelphia 1421 Chestnut St Atlantic City Chalfbnto Block 1225 Boardwalk National Properties Co. The American Railways Company Collateral 4 -6 At the request of a group of large bondholders we are making an inves tigation of the conditions which brought about the present situation in the above security. We suggest that all bondholders com municate with us promptly. MacMeekin & Williamson ANKERS BROAD SANSON STREETS NOKTHEoVST 00X2001 UZMBEBS rHIXADlSLrmA STOCK XZOHAlfOB Philadelphia Stocks Net Uute. American Sumatra Tobacco Co. 5-Year Sinking Fund 7g Notes Company lias net tanfflhle BBsetB of approximately 370 of thl8 Issue Market price of stock fo. lowing thla note aboiit J15,000,000. Price 98 to yield 8 Baiter, Ayling & Young J. W. SWAIN, Jr., lUmitr Land Title Bldy. Bolton Philadelphia nre.inf in (HITprplit Hurts of fliA,,,ft" "hares vetriliiy Thus far tr , prispnc in (iiiiLrriiL imris or riio 1;; ,2 BhBres. bnm'. period laat w wnrp onrournRinB, in that thoy rp- oir, imreB. WIiiIp thp trailinc continued of sinall nlnnip nml without sppcinl fpaturp of InliTP-t flip tono of tlip local mnrkpt 'ns ni'ifli stronger. TIip not pripp liniiRc-i, with thp rxcpption of Klpptric i Storacp Ilnltory, wpre not important in pirhPr dirpptlon. out it was slgnifi- jrnnt Hint most of thorn wcro on the (ponntniPtivp hidp of tho IcdgPr. 1 With thp triple holiday nhpnd. nnd with all hnnds bound, pnRKcd and lmiwl ruffed by thp rigid monpy restriptinns. thnrp was nnturally Ht tie disposition 'on tho part of the local trading pon- I tiiiHPnt to pxtrnd or moke upw commit- ments. The small buying orders, how ever, lint fleeted n more eonfidpnt feeling regarding J i' '" nnf nnlr 1 in inlniprllnfp tllrllro nf hn .'. innrket itself, but also nt to the general situation lis well. f'onsidernble signlficnnee was nt tnehed to a further ndvanee of ,2 in Eleetrie Storage Battery to 12o. whieh wns felt to foreshndow some further important developments concerning the eompnny's nffalrs. It is understood thnt an enprgetlc effort is being made to indues the whareholders to tnke up the Ntoek nllotment, nnd it in psti mnteii by interests close to the man agement thnt, from the responses alrendy received from a specinl ennvns, n very smnll percentage, if any, of the if-stm will have to be shouldered by the un derwriting syndicate. One of the most important news de velopments was the nnnouni'ment that the National Properties -l-0s protective committee at its meeting yesterday substantially ratified the reorganization nlnn without change in form and snh- Ntnnce as already outlined. The plan HlBll IOW .10 Am Sirs. -14 44 fisO Ie Stor.125'4 l'J.T i.i i.nKe up J.i'a i-ivj 2(i I.eli Nnv. r.71), .". I.eh Viil. UK ,rt7 pn n u. as, 7.". Pliiln Co. ,'i0 ."."i do c'in pf .TJ1, m Phil Wee '2'J SM V ItT... ID noil Trans O. l."!li 300 Tono Min IA 10.-! Tn Tract 21)Uj 00 i; O I... 42 lotiisstepi n:i tNet rhanxe made by comparison with last eale on New York Htock Kxchan&e. i!2tt tliareii compared Tlth Thus far thin weeic. eelc, 15.- r.7 41". :io :t2 22 TsVs ir.'H 20 'i 41 Vj H Close 41.. 125 2 ia... 57 Vj 41Mj Vi :tni 30 :.2Vii , 22 -f 187h 1.1 V, Commodity Markets 1 Vj mi ii!)Mi Vj 42 .. D3t V Tntnl sales. Net chge. MOBILE & OHIO ST. L. & CAIRO R. R. Direct. Closed, Dnderljlnr FIRST MORTGAGE 4'S 1886 1931 ,v TO YIELD 7.40 MARTIN & CO. 1411 WALNUT ST PHILADELPHIA -- a' will probnbly be submitted next week to the boniinoiuers. Lehigh Xnvigntlon. ppimsylvnnla Tlnilroad nnd I nion Trnctioti scored substantial friiPtional giuiiH. Philndel nhin Hlectric continued pegged nt 22. Philadelphia Hnpid Trauslt rallied to 10, while I'nited (ins Improvement yielded to 41 j on small Hales. I.nko Superior nud mericuu Stores were unchanged. OROANIHTJ (UIUM (KIV)U i noNiis High Low Close K ec & Pco Tr 4s.... r4 VA 1)4 .. 2 Lib Bonds 2d 4',s.. Rr.C0R5.00R.'i,C0-f.l0 U, 3d 4'Xs.. 80.20 80.20 80.20--. 30 2 4th 4V4. 8n.no 85.00 sn.no-f.4 r. Vic N 4s 05.88 05.88 05.88. 00 10 Pennn II It temp ctfs.l02Mi 102 102-f- fi Pliiln Klec 1st 5s.... 82 82 82 1 n Hend'g g 4s 75V-. 75Vi 75 V4 Vi 1 Spnn-Amer Iron 0s.. nS 08 08 4 United Itwy Invest 5s. (i7s OS 07Mi2Vi Total, 1S7.BO0 compared with SlT'.OOO yes. terday Thus tar thla uetk, J 118.1130. Banie period last week I373.r0n BANK CLEARINGS Dank clearings today compared with cor responding oy mi numtii 11)20 Iloston. 70,nis.u:a N?york 1.0ja.28l!.8Sl Ilalt'ore 1B.187.-1S4 rhlt-air" 11b:oi2.01 tit, LOUU 20,093.711 1B1U Holiday Holiday Holiday Holiday Holiday 1U1S 185.177,700 IV-'.tMO.BOC, 733,008,71)0 FOREIGN EXCHANGE New York, July 2. The firm tone which developed late yesterday brought out strong bidding at the opening today with most l'uropeiin exchanges scoring lnrgn nominal gains. Demand sterling was up Vj, francs 11 and lire 5'j points. Quotations were: Demand sterling l.n.Vff,, cables .'100'..; franc cobles 11.110. checks 11 02; lire cables l(i 111), checki 10.02, Belgian cables 11.30, checks 1J.32; Swiss cables 5.18, checks 5,50 j guilder cables 35, checks 35li; pesetas cables 10.55. checks 10.50; Stockholm cables 22.10, checks 22; Chrlstinnln fables 1(1.50, checks 10.40; Copenhagen cables 10.50, checks 10 40; marks 2.70. NOON QUOTATIONS merunir e-rancs i.ire uuune . a.iM'k II I)T 1 17 a.i .. 3.0SH 11 OS 10.43 33 CJ.OHINU QUOTATIONS Bterllns Italics I.lre CJullilers 3. fir, , ii,ii in, .10 nnw .. . 3.03 II, 00 10.tU 80 !i Demand Cables . Demand Cables J COTTON MARKET New York, .lulj 2. A sharp rise in July at the opening of the cotton mar ket was the signal for active buying of tho Inter months, nnd the whole mar kpt opened firm at 3 to 45 points net rise. Liverpool, the trade nnd Wall street all shared in the early purchases, to gether with Inenl shorts, who covpred uhend of the government report duo nt 12:30 p. m , standard time, today. The weatlipr in the belt continued favorable, there being only n few scat tered showers in Alabama, the Mem phis district and North Curolinn. After the start tho market cased n few points, but remained gciiurally firm. The government condition of 70.7 was greater thun most traders hnd looked for und represented a gain of S.5 points foi the month, which is by far tho heaviiVt advance for this period on record. The report nnturullv started n big sell ing movement, under which prices broko about .yJ.&O a bnle. Thnt a greater break wns not freen was due to the f'ict thnt the innrket hud discounted n bearish report and wns short. Following the first period of nervous ness and weakness the market developed a steadier tono on demand from spot Interests nnd speculntivo shorts, re covering from 10 to 25 points. July contracts continued relatively firm, the premium widening out to G85 points over (Jctober, Prev iluse Opening High July ... 3 40 3S Sli 38 00 Ortntw-r 33 42 B3.r,'J 3.1 5 December. 32 01 32 3B 112.33 January.. 31 43 31 rt3 March ... 30 Kl) 30 08 May 30.28 improvpment was noted in the railroad situation generally. It was said there was n good demand for export for whpnt and ryo and gossip had it that 500,000 bushels of rye hnd been tnken during the last twenty-four hours, largely for Dutch account. Oats followed the trend of corn. Some buying by houses with eastern connec tions stiffened the market cnrlv. but pressure developed when corn declined. The cash article eased with futures. LadlnK f'Jturts ransed an follows 31 US 30.08 30.32 Low ss.r.o 82 78 31.47 311. SO 30 13 20 70 close 38.00 33.04 31.74 31 13 30 17 20.00 GRAIN MARKET rhlr.igo, .Inly 2. Heavy liquidation develop-d in co'rn today and broke the tnniR-et nfter it had recovered initial losses The decline nt tho outset wns due to pstimntps for 100 cars, rains in parts of the belt where needed and an nouncement that local railroads hod bien udviscd that 27,750 empty grain cars hnd been ordered delivered to west ern lines by eastern roads. There was n quick improvement on purchasing bv some of the more Im portant professionals, part of It for short account, based on hot wtntlicr news. A drop In the ensh article and rumors thnt the French Government hnd enn ceded contracts for two cargoes of oats precipitated much selling later, and shorn recessions occurred. One of the hi ir Industrie nulled out of tho market 1 for; cash cota, causing the setback; An Corn Op n High Ixiw Closo SeP'-. I '. 1 71's 1. 0114 l.llus4 Oats SCiork "' M' V" R3Vi Sept. 3130 175 30 10 3100 l.ard Sept 2120 21.25 10.20 19.03 Jtlbs Mt 1S00 IS00 17 10 17.40 Today's Range in Liberty Bonds , ,, . ,, Hl.'h l.ow Close Liberty ,T is HI 12 fll.OO 01,0(1 Liberty 1st 4s 85.70 85.00 85.00 Libprty 2d 4s.... K"iA() 85.20 85.30 Liberty 1st 4'4s.. 8(1.20 85.00 80.10 Liberty 2d 4'4.. 85.04 85.32 85.01 Liberty 3d 4's.. 80.8(1 80.10 80.811 Liberty 4th 4V4s. 85.00 85.74 85.00 Vic Tsotes 3is... 05.80 05.70 05.84 Vic Notes 4-h... 05.88 05.70 05.80 BAR SILVER Domestic lmr (diver was quoted in New York todny at nn'jc, unchanged ; foreign. S0V-. a decllue of !. In London the price was 51 4jil, off d. COUPONS from the following Bonds payable at KOUNTZE BROTHERS 141 Broadway, New York City, on July 1, 1920 AltlZONA COCHISE CO.. SCHOOL DISTRICT. CH.KNDALE, TOWN OF """- riMA Nco :1Tr n0AD " riNALco.. noAD & nruDfJB & s. TAVAPAICO ti SCHOOL DISTRICT8. CAT.irORMA BEAUMONT. PITT Or I'iSANSi?,Ea co- FLOOD CON THOI. D1ST. I-JJ-2 ASS.?,'.'';!? SCHOOL DISTniCT9. LOS ANOUI.ES. CITT OF: PUIILIO SCHOOL IMP 4s. IROB: CKNTIIAL POLICE STATION 4H. 1S05: WA- u.ll niMMl UII'. 4H. 1805. SACRAMENTO f'O. IBSlfl2 OF 1 noAD. imiDOE. courtTHOus 008. OUrtTHOUHB. CAL.. HIOHWAT Sun Co. Gs, 1929 Tennessee Pr. 5s, 19G2 NaBhville Ry. & Lt. 5h, 1953 VirRinin Ry. & Pr. 5s, 1934 Muncie Elec. Lt. 5b, 1932 Knnsas City, Missouri, Gas, 5s. 1922 Central Dist. Tel. fis, 1943 B0ENNIMG GARRISON & CO. HTOCK KXCIIANOK IIUUDINO Direct I'rlrate Telriihone to New York Member l'lillu. Htodc Kzchant United Gas Imp. Co. 7 Preferred Dividends Payable Sept. 15th, Dec. 15th, March 15th, Juno 15th Price BO, to net 7 Townsend Whelen, & Co, M CHJC8TMDrBT. OP. SCHOOL ov. SAN JOAQUIN CO., COLOltADO AOUILAP.. ALAMOSA. TOWN ASPEN CITY. ARAPAHOE CO . SCHOOL DIS. TRICTS AnCHULETA CO AHLT. TOWN OF". AUIIOPA. HACA CO imlOHTON. imusii. town or IIUIILINOTON, TOWN CKDAREDflE PHEIIAW. CITY OP. CHEYENNE CO HCIIODL DISTniCTS CIII5YKJSNK VVni.LH, TOVN OF. CONEJOS. CO & SCHOOL DISTRICTS COSTILIA CO, t SCHOOL DIS TRICTS CRAIO. TOWN OF. DELTA. CO. SCHOOL DISTRICTS. KL PASO CO S. D ENOELWOOD. CITY OP. rLORENC'E. CITY OP. TORT COLLINS. CITY OP. POUT LUITON rowi.ER, TOWN op, (1ARPIELD CO ft S. D. (ILENWOOl) SPRINC.S. (IRANI) JUNCTION, CITY OP. HOLLY TOWN OP. IIOLYOKB, TOWN. JEPPERSON CO. SCHOOL DIB TRU'TS. JOHNSTOWN, TOWN OP JUIXSIlimo. TOWN OF. LAPAYETTE, TOWN. LAMAR. LA PLATA CO, LARIMER CO. & SCHOOL DIS TRICTS'. LIMON. LINCOLN CO. SCHOOL DISTRICTS. MESA CO. SCHOOL DISTRICTS. MILLIKEN, TOWN OP. MINERAL CO, MONTROSE CO. & SCHOOL DIB. TRICT8. MONTROSE, CITY OF MORC1AN CO. & SCHOOL DISTRICTS, NEDERLAND, TOWN OF. OAK CREEK. TOWN OP IILATHB. TOWN OP. OTERO CO. SCHOOL DISTRICTS, OURAY CO. SCHOOL DIBTRICTS. PALISADE. PAONIA, TOVN. PEETZ PHILLIPS CO. & SCHOOL DIB. TRlf'TS ROCKY FORD, CITY. ROUTT CO. SCHOOL DIRTRICTS. SAN MIQUEL CO. t SCHOOL DIS TRICT NO. 1. WAWUNOTON CO. SCHOOL DIB TRICTS, WELD CO. & SCHOOL DISTRICTS. WILEY. YUMA. IDAHO ABHTONLVULAaB OP. BANCROFT. JIANNOCK CO, SCHOOL DISTRICTS. IDAnO Continued. DEAR LAKE CO. BINGHAM CO. SCHOOL DISTRICTS. HLACKFOOT. BLAINE CO. A SCHOOL DISTRICTS. BOISE EA8TS1DK SCHOOL BLDO. BOUNDARY CO. SCHOOL DIBTRICTB BUHL. BURIJCY, CALDWELL. CASCADE. VILLAGE OF. CASSIA COUNTY. CHALLIS. CULDESAC, VILLAOE OP. DECI.O IND'P'T S. D. NO. 3. EDEN. ELMORE CO. I5MMETT. FILER FRANKLIN CO. SCHOOL DISTRICTS GEM COUNTY (I LENS PERRY. OLENWOOU HiaHWAY DISTRICT. OOOniNO. CITY OP. S29RLh' co- SCHOOL DISTRICT. lIBYHJjTtNN 1,IalrwAY DISTRICT. IDAHO FALLS. CITY OF, 6s. JEROME. KAMIAH. LINCOLN CO. MADISON CO. McCAMMON MONTPBLIER. MT. VIEW IND'P'T S. D. NO. it. NEW PLYMOUTH. NEZPERCB CO. OAKLEY010' V,LIAaH OV PARMA. ' PAYETTE rOCATELLO. CITY DP. REXBURG. RICHFIELD. ItinilT. RUPERT. HANDPOINT. RHBLIJSY. SHOSHONE CO. HIIOSHONB. VILLAGE OF. TWIN PALLS. TWIN PALLS, TliairWAT DI8T. VALLEY COUNTY. '" """' WEIKER IND'P'T H. D. NO 1 WENDELL. MONTANA BIO HORN COUNTY. CARBON COUNTY. CUSTER COUNTY S D. NO. Ij FORSYTH. CITY OP. ' FROMrrERO. TOWN OF. GLASGOW. TOWN OP. HARDIN, TOWN OP. HYSHAll. JOLIET. MILES CITY MUHSELMIELL CO. PLENTYWOOD. ROSEBUD CO. SHERIDAN CO. STILLWATER CO. TROY. VALLEY COUNTY. WHITE SULPHUR SPRINaS. CITT OP, KRRRARKA ADAMS CO. SCHOOL DISTRICTS. BEEMER. VILLAGE OF. BOX BUTTB CO. SCHOOL DIST9. BUPPAI) CO. & SCHOOL DIBT8. liljltl I. si. CUMINO CO. SCHOOL DIBTRICTS, CUSTER CO. S D 190 AND VIL- UOE OP ANSLET. DIXON CO. A S. D. 81. DOUGLAS CO. DUNDEE. FALLS CITY. FRANKLIN, CITY OP. NEDRAflKA Continued. LINCOLN CITY. LYONS. VILLAOE OP. MERRICK CO. NANCB CO. .,,r NEMAHA CO. SCHOOL DISTRICTB. SOUTH OMAHA. CITY. .., OMAHA CITY SCHOOL DISTRICT. OSCEOLA, VILLAGE. I'AWNEE CITY. PLATTSMOUTII CITT. POLK CO. SALINE CO. SOUTH OMAHA. CITY. SUPERIOR CITT. TEKAMAU CITY. NEVADA RENO. NEW MEXICO BERNALILLO CO. SCHOOL DISTS. CHAVES CO. counTiioysB. OUADALUPH CO. SCHOOL DISTS. LAS CRUCBS. LEA CO. huNAcS?" SCHOOL DISTRICTS. nATON. ROSWBLI. CITY. SANTA PB. SANTA ROBA. SAN JUAN CO. SOCORRO CO. TAOS CO. TORRANCB CO. VALENCIA CO. OHIO , CANTON CITT C?ATABLB Bt NOT CANTON' SCHOOL DISTRICT. OREGON , , ASHLAND. CITT OF OBLECTIUO BENTON7" CO. SCHOOL DIBTniCT! CLACKAMAB CO. SCHOOL PIS- FREMONT, CITY OP. uiiArui iri.ANU mamiTm, 1IA8TINOH CITT. CITT ft SCHOOL COOS CO. fl, D. NO. 8B. COTTAOB OROVB CITY. DOUOIWV8 COUNTY O. D. 1. KIX1IN CITTi F.UOBNE, CITT OP,, FOREST OROVB. CITT Or. NBHALBM. . . PLENDLBTON CITT. . BINRTjAW. WESTON. SOUTH DAKOTA HURON. CITT OF. UTAH CASTLB DALTS. GARFIELD CO. HYRUM CITY. . MTTON. TOWN OF. SPANISH FORK. WYOMING .,rrfl DIQ HORN CO. SCHOOL DI8TRICT8. afeVrSHLDIBTRICTB. DOUOIAH. TOWN OP. JOm"cO. SCHOOL DISTRICT. LANDER. TOWN"OF. LUSK. 1X3WN OP. MANVILLB. TOWN OP. MEDICINE WOW,TOWN OF. MOORCROFT, CITT OF, POWELL. RAWLINS. 8!N?AlTCa- SCHOOL DIST. NO. 1. CORPORATIONS COIX3RADO PACKINO TION, HOOD RIVKR TION DIBTnlCT, NATIONAL r-rv file rno-moiT TWIN CITY TBLKP1 CORPOIlA (OREGON) IRWO' rr. I.OAN ilON CO, .. , d! r J.yjii('--cxA-)-