- '.vV'"'" -..V - "? evening- Public" imail$iJMfi,Mt)A Mki,.;" " At C V . v . V '.zr .If tu ' Wf I i m iS!Tt. I- ' fiv" i : ;A More Valuable Jricome for several years after every important war the belligerent nations have gone through a period of high money rates. Judging from past experience in vestors are missing a golden opportunity if they do not take ad vantage of the pres ent low prices of good long term bonds, thereby getting a largo income which will increase in value and cannot be dupli cated in later years. For a description of a good long term bond ask for Circular No. D-77. (SHANDLEn&G'OMPANY lCOMtAT!t Franklin Bank Bldg. Philadelphia .Nttv York ItnatoD New Hurra Baltimore MARKET TONE WAS GREATLYIMPROVED ! While Trading Was Still Ro- stricted Substantial Ad vances Wore Recorded First Mortgage Loans On Atlanta Real Estate There is no safer investment than in "mother earth" es pecially in Georgia. Georgia laws protect the lender on mortgage loans to a greater degree than in any other state. A mortgage in Georgia is a direct lien and comes ahead of everything else except taxes. We never lend more than 50c of a conservative value of the security and we have never lost (in 29 years) a penny for any client. Coircspovdcncc From Investors Invited fcHAAS & HOWELL Wounded m:il b.v Aaron ll.ina ATLANTA, GEORGIA ST. UMS m HMwasco RAILWAY CO. Income Series "A" 6s 47 (1470. per J10U0. bond) Listed on the New York Stock Exchange. Wc solicit orders for these bonds. cu WW YORK in MOAQHtf SHMLEWHALI- 1340 WALNUT STREET" MEMBER -NEWYCRK.. PHILADELPHIA 'CPITTSHUK6H STOCK EXCHANGES PITTSBURGH bUILBItid Nw Yorti. July 0. niimrticn of tnullne in Mools market nftrr th prilonRcrl rccr Tva attended lv a piib.Mnntinl nilvnnoe of lnt sock' fimil priros. little broftikr trmllnc and with the market, as a vvhole. Hplning nn ' undertone of cotiiilerWe strrncth. In Its peneral rliarartcrWtlr. however, the market and the tradins differed very xllBhtlv from the immediate preceding se.lons. The outcome of the Pemooratle tin -tional convention termed to play no part in the operation of the trading, which again coneentrated attention very largely in about the same familiar group of highly speculative speeialtle that Ind commanded foremost interest in the last week or two. Last Saturdaj's clearing houo statement disclosing an other large gain in excess reserve, to gether with the slight reserve ratio im provement ehown by the federal institu- ! tioiw. coupled with the fact of the announcement of the comptroller of the currency's cnll, eased the money market I n little. Call loans opened at 1' per 1 cent, but the rate was immediately j shaded to S per cent, reflecting a partial , llftluR of the restrictions of the loaning I institutions. I I'mlernenth the surface movement the same uniting nttitudo was stronglj in , evidence. Three important factors are i laiitlly approaching n period of crystnlli- I ration, and the outcome of ench i quite likel) to exert n far-reaching in- I (luence in shaping the course of market values. These three cardinal factors are the forthcoming report on the grain crops, the Interstate Commerce Com- , minimi decision as to the freight ad- I vaneo and lastly the award to be soon i given by the wage commission. The , money market, of course, still continued the dmnimmt iullueuce, although there were a great many who were confident in the belief of n materiul easing of con ditions with the huge July disburse ments now out of the way, and with the bunks relieved of the window dressing pmcess by the comptroller's cull. After some little lrregulnrity nt the start the market broadened rind strengthened during the morning, the turnover for the hret two hours exceed ing that of the last fortnight. Indo- rpcudt'iit stee's. motor spcViaiileh and to- uacco snails uvorrteti cstreuv gains of 1 to 4 points Conspicuous features of the trading included t'ruiiblo. Vana dium and Iteplogle Steols. Stromberg Carburetor. United St.itis llubber nml jtcverul allied specialties. Tin? railroads were the only stiindiird stocks to show I no appreciable change, until around midday when the group developed mod erate strength under the lead of Ilead- 1 iug. Southern Ilailway and Teas nud Pacific, which uvcraga one point gain. While cnll funds apparently were In , bountiful supply ut i per cent, tho trading slackened perceptible all along the line after midday, though without impairment of prices despite a cousidcr- , able amount of profit-taking. Specialties, notably American Woolen anil Industrial Alcohol, were added to the further advances of the last hour, when the rate for call loans fell to 7 per cent. NEW YORK STOCK EXCHANGE TRANSACTIONS 300 100 100 1100 500 noo M00 100 1800 900 COO 390 4100 am TP00 200 ?ooo 400 700 103 100 on!) .too ?IO0 1.100 .100 100 000 ?on noo 3ton 700 SOI) Dlv. in LITTLE CHANGE I IN LOCAL MARKET Price Variations Were Con- to Fractional Limits on Very Small Dealings fined Diversified July Investments pAREFULLY selected first mortgage 67c bonds in 81,000 and $500 denominations, with 47 Federal Income Tax paid, secured by high-grade properties in New York Washington Chicago Detroit Boston San Francisco Milwaukee Albany are described in our July Investment Guide. This booklet will prove invaluable in selecting a diversified list for July investment. Write for it today. Ask for BOOKLET... 42C-Q SWSTRAUS &C0. 'u i ij hi; -iuooh':) Stock Exchange Blrlg. Phila. Telephone Sprnco 5628 38 years without loss to any investor. Trading in the local stocks continued of tho same small dimensions, but the tone of the murket was not only strong but was nlso a decided improvement compared with some of the recent dis couruging sessions. Price changes like wise were ngain small, yet in most cases on the constructive side. The mtstiiutfuK fenture of encouragement was to be found in the complete absence of the dribbling liquidation which for so lftng has hung like a dead weight on the general market Considering the unbroken restrictions of tho money market it would be little short of ridiculous to look or expect any material extension of market inter est. Nor does there appear to bo any immediate prospects in ight for let ting down of the bars, which have been erected against speculation in any form. What little business there was on hand was fairly well distributed through the local list, reflecting a wider diver sity of interrst in a modest way. All the locul utility harcs were much steadier Philadelphia Electric yielded under '12 in the first hour, but met the same formidable support, which served to promptly rally tho price nbove -2 agnin Union Traction and Philadel phia Uaptd Trunsit were firm nt SOV end 1!), respectively. SmnlU transac tions were uindo in Philadelphia Trac tion at ."1. T'nited (Jas Improvement held well at 42. On small dealings Electric Storage ISatterv had a swing of 51 between and VJ.T. landing near the higher pri Annncan Mores wus moro active t-tr"iig nt U1i. Lehigh Navigation an Pennsylvania Ilallrond wcro firmer nt ."71! and HST,. respectively. Lake Su 1 1 rior Corporation, on limited Bales, shaded to 13. Philadelphia Stocks Itl.h o Aavance ltumeiy pf... 0 AJax llubber .. 83 .. Alaska Gold Mines... 1W .. Alaska Juneau a M... 214 1 Allls-Chnlmcrs n 8 Am Uect Sugar 93J4 .. Am Can t2H 7 Am Can nf on 12 Am Car & Pdy ...... 140H 80 Am Drug Syn tljs .. Am Hide ft Leather.. HV2 7 Am Hide & Leather pf 31S 0 Am Intcrnat Corp ... R9& 3 Am Linseed 79 6 Am Locomotive 100J4 7 Am Locomotive pf ... 90 . . Am Safety lUstor .... 1CJ5 .. Am Ship & Com 71 ?J 4 Am Smelt & Rcf .... 01 0 Am Smelt Seo A 73!5 12 Am Snurr 10s 3 Am Steel Foundrlea. . 30 7 Ame Sugar Itef 13 10 Am Sumatra Tob .... O0V4 8 Am Tel & Tel B3H 7 Am Woolen od .. Am Zinc Lead & Sin.. 14 4 Anaconda Copper .... S6J4 . . Assets Realization ... 3W 4 Asso Dry Gooda 33 0 Atch Top & Santa Fa 80 H Atch Top & St Ko nf . . 73i 10 Atl Gulf 4WIS9.. .100 33t00 g.so Baldwin Locomotive .134J4 4 ft 7 4 1 to 4 (1 0 too KOO 700 1900 6100 100 100 1000 000 100 700 200 100 r.s BOO ?M 100 2300 100 1100 too 4000 "DO 310 S00 noo 2200 ino 100 1400 1330 200 100 100 100 530(1 100 700 400 4C0 490 2400 1S0O 3500 4000 1200 COO 2100 lo no r. 0 ino 100 100 AOO 200 (.00 300 2000 200 100 100 1200 200 200 4230O 53000 200 700 100 700 200 100 4600 100 2700 300 2700 300 1500 COO lH(ll) 700 500 3SUD 181)0 100 75(10 103 HI 500 301) iIU 700 700 lflOO 3000 100 2300 300 100 100 Tot ll nlm, r.43 iliaifs Baltimore A Ohio ... 31 K 4 Unltlmoro & Ohio pf.. iVi 8 Barrett 145 . Hethlehem Motorn . . . 3JK ft Bethtehem Steel B ... 91 Vit 8 Bethlehem Stl 8 pf,107&4 . Booth FIsherleH hji . Brkln Rapid Transit. 12H . Bklyn It T ctf3'of dep. 0J4 . Butterick 13 . Caddo Centrnl O & It. 19 6 California Packing .. B0I4 . California Petroleum. 32H 7 California Potrol pf.. 64 10 Canadian Pacific . ..114J4 nso i 1 lift Calumet & Arizona... 50 Centrnl Leather 08 Central Leather pf . . . 00 Cerro de Pasco Cop.. 43J Ccrtaln-t'd Prod 50 ("handler Motors ....105 Chosap-nke & Ohio... 52.54 Chicago Mil & St Taul 33J4 CM Mil & St Paul pf 50 Cl-lcngo Northwestern 8H Chi It I & Pae 07V4 Chi It I & Pae 03. pf. 6354 Chi It I & Tac 7 Pf 731'. .. Chile Copper 1554 1.30 Chlno Copper 30 1 Coco-Cola 35J4 H Colorado Fuel & Iron. 34 4 Col & So 1st pf 40 ft Column Ctas & Elec. . 64 1 Col firaphophone .... 81 7 Col Graphophone pf . . 83J4 7 Consolidated Gaa .... 80 2 Con Interstate Cal M. 13J4 3 Consolidated Textiles. 33 7 Continental Can .... 80J4 4 Corn Products Itef. . . 95$ 2.30 Cosden & Co 3054 8 Crucible Steel 150 Cuba Cane Sugar Cuba Cane Sugar 51 pf 70 Cuban Amer Sugar... 63?j Evlaware & Hudson.. 0054 . Denver & Hlo Grnndo 5J Denver & Bio C, pf... 10Ji 8 Detroit t'nited Ry ... 00 . Dome Mines 0 Klk Horn Coal 20 . Krio 135 Ilo 1st pf 10 8 Tamous riaycrs L. . . 8254 8 Famous Tlayers pf... 8854 8 Flsl; Rubber 33H . Freeport Texas 22V5 Canton Wma & Wig.. 1154 8 (ieneral Chemical ...17254 . Gen Am Tank Car. . . . 8 0 General Cigar 00 8 General Electrlo 11 1 General Motors ctfs.. 25 General Motor Rts s . I 6 Gen Motors deb C.. 73 r Goodrich n P i3' 2 Gray Davis 2054 Great Northern pf.... 705i 2 Green Cananen Cop.. 30 0 Harvester ...130 1 .00 4 Haskell & Barker Cur 7HJ4 Houston Oil Co 75 Hunn Motor Car .... 1!4 Indlahoma Ref 7 Inspiration Con Cop.. 51 .. Inter Cons Corp ... .. Int Agrlcul Corp .. . . Int Mer Marine . . . . 0 Int Mer Marina pf.. .. Intermit Motortruck. , . Int Motortruck 1st pf 80 .. International Nickel.. 17 Ji .. International Taper . 0 Inter Paper pf stpd. .. Invincible Oil Corp . .. iKlllll'l oil . . Iron Products Corp . . . Jiwel Ten . Jeuel Tea. pf . Kan City Southern.. 4 Kelly-Sps T 2 Ketinecott Coppir ... 1.20 Keystono T & 11.... ft Krfsgo SS 0 Lackawonna Steel . . 5 Leu Rubber Tiro . . . 8.30 Lehigh Valley 7 Liggett & Myers pi 3?i 32 93 02 77Ji 75 404 7 4554 33 11 , 1754 ioo!4 , 2U54 . 20 lis . 74 54 2054 , 43 00 Low 61 01 IK 2 37 91J4 4154 00 13934 1154 17 98 884 70 98 99 1054 MM 60 7354 105 3S 123 89 93 90J' 14 554 354 33 7054 7354 165 12HJ 3054 4154 144 2li 90Ii 10754 S54 It 51 MJ4 13 1SJ4 (111 i 3254 04 1U 14 50 07 90 43?4 50 103 53 33 4054 68 36?4 C 54 7254 16 30 35 4 34 40 54 30 8354 79 1354 32 88 4 3754 153 634 7S 6354 S7J4 554 1054 90 20 ' 11?4 18f4 83 8S54 32 23 1154 17254 S3 cr. 141 21 71J4 l3 2054 09 54 3(1 130 74 H 75 111 7 49 3J4 3194 32 93 0054 80 1754 77 75 3954 0 45 33 10 5-4 17 107 20 29 125 7254 20 43 D'JJ. Today Not Cloio Chew 61 .. 63 .. 87 92 4JJ4 1J4 901 13954 54 11 54 17 93 154 R0 154 791 100J4 2 00 1034 54 S3S4- 60)4 34 .7SJ4 .. 1C5 391 134 1 89 03 98 J4 11 60?( .. 354 54 33 1 79 M 72 100 54 124 3 30- 4154-t- 54 144 2254 1 01 56 10754 54 8 12 1 054 1 13 5i 19 54 69 '4 1 3354 . . r4 4 111J4 54 14 - 54 503 6RJ4 99-54 431 J J4 50 - 5 101 354 57 33 50 68 37 54 63 1 72 1 15J4 30 54 35J4 54 31 Vi 40 2 64 31 54 8354 54 80 1 1354- A 33- 8054 354 6- 39 2 15454 1 54 J4 701 63?4 a 901 514 .. 10Ji 90 54 0 .. 20 11 J4 10 JS 8254 MH .. 33 U 22 . 11- 1 17254 2 113 - 60 111 - 2554 54 1 73 - t3!4 154 20 54 70 154 30 130 7b 254 75 10 - 54 7 5i 40 1 3)4 .. 2U4 54 33 1 93 1 033 802 17 54 77 75 'j 3954- - 45 55 33 155 10 54 55 17 -4 54 10954 3 20 29 135 -13 7254 '5 20 4- 12 '5 90 Bnlos AOO 500 400 200 100 100 100 8300 800 4000 3200 100 100 900 100 2400 2000 200 400 1700 200 300 200 200 1100 200 100 1100 300 300 2300 300 600 200 200 500 400 400 1400 200 100 1600 100 too 400 13900 3300 300 1700 100 200 3300 600 4200 700 100 ion 300 3S00 100 2400 3700 600 400 10700 00 100 100 100 8800 13400 4000 700 1290 1000 600 600 too 100 000 6000 1100 8400 7000 700 50 2100 100 BOO 2200 10000 300 100 cion 1000 1!0 62t 2500 100 100 700 1000 500 600 100 300 2C0 1100 100 8600 1600 7400 400 14000 3011 200 17400 700 8C0 32200 200 200 800 1000 800 100 200 1300 600 65l)! 100 00(1 1500 I)lv. Int 2 IIlBh Locwo Co 20 .. Loft Corp 17 12 Lorlllard Tob 130 4 Mnekay Cos pf 60 . . Maxwell Motor 123 .. Maxwell Motor ctfs.. 18 s May Dcpt Stores ...,113 10 Mexican Petroleum... 101 2 Miami Copper 20 1.60 Middle States Corp... 30 4 Midvalo Steel A Ord.. 43 . . Minn & St L new 13 7 Minn St P & C St M.. 08 . . Mo Kansas & Texas. . 6 . . Mo Kansas & Tex pf . 0 .. Missouri Pacific 25 .. Mlssdurl Paelfio pf ... 43 1 Montgomery Ward ... 33 4 Mulllns Body 39 .. Nat Aniline & Chem.. 70 7 Nat Am & Chem pf . . 93 6 Nat Cloak & Suit,... 60 .. National Con & Cat., 0 n Nat Knam A Stamp. . 0054 0 National Lend 77 1 Nevada Con Copper... 12 10 New York Air Brako. 93 ft New York Central.... 6854 .. New York C & St L.. 29 . . NY Chi & St L 2d pf. 46 .. New York N II & II.. 30 1 New York Orit & W. , . 16 4 Norfolk & Western pf 66 ft North American ..... 69 . . Northern Central Ity. 1054 7 Northern Paelfio 71 .. Mullay Co 15 5 Nova Scotia S & C. . . . 66 .40 Okla Prod & Rof 4 . . Ontario Silver Mining 654 8 Otis Klevntor 133 .. Otis Steel 26 J4 3 Owens Bottling Mach. 60 . . Pacific Developmnt Co 80 6 Pnclfla Gas & Klec... 50 0 Pnn-Amer Petrol 107 7 Pan-Amer B 99 t Tarlsli & Blnftliam... 33J4 3 Pennsylvania R R,... 39 . . Penny J C pf 93 .. Peoples Gns Chicago. 35 .. Pcre Marquette 25 .. Phillips Pet 44 .. Plerce-Arrow Motor.. 64 .. Pierce Oil 10 8 Plercn Oil pf 84 .. Pittsburgh & W Va.. 24 ft Pitts Coal 63 8 Pressed Steel Car . . .101 8 Pullman 113 n Puntn Alegro Sugar.. 101 .. Puro Oil Co ..., 41 r Railway Steel Spring. 88 1 Rwy Con Cop 10 4 Reading 80 2 Reading 1st pf 43 2 Rending 2d pf 43 . Remington Typewriter 01 . Republic Motortruck.. 48 0 Republlo Iron & Steel. 05 .. Replo Steel 91 6.20 Royal I N Y rts 114 .. St Louts San Fran.... 24 .. St Louis Southwest... 15 . . St Louis Southwest pf 35 .. Saxon ..10 tor 0 , . Seaboard Air Lino. . . . 754 . . Seaboard Air Lino pf . 12 8 Sears-Roebuck 200 .74 Shell Transport 73 .. Sinclair Oil 3254 n sioFs-shcrr 7 0 Southern Paclflo 03 .. Southern Rail 25 ft Southern Rail pf 67 20 Standard Oil of N J.. 650 7 Stand Oil of N J pf.. 10454 7 Steel & Tubo Co pf... 80 4 Stewart Warner Sp.. 43 4 Stromberg Carb 7954 7 Studebakcr 74 0 Superior Steel 53 . . Tenn Cop & Chem.... 10J4 3 Texas Co 47 . . Texas & Paclflo 41 0 Texas Pae Coat & Oil. 61 0 Tobacco Products .... 71 . Transcontinental OIL. 16 ft Transua & Wms Steel 63 8 Underwood Typew...l73 8 Union Bag & Paper.. 87 .. Union Oil 33 Union PaclPo 11456 Union Paclflo pf 63 United Alloy Steel.... 43 United Fruit 23 3.30 United Drug Is pf....4fl . . United Drug rts 1 .. Unl Rwy Invest pf... 22 10 4 4 12 United Retail Stores.. 81 U S Food Products... 69 U S Ind Alcohol .... 9554 U S Realty & Imp... 0 U S Rubber 100 U S Rubber 1st pf...l0s V S Smelt & Rcf 68 U S Steel U S Steel pf 17!4 Utah copper 07 Vanadium Corp 0354 Va-Carollna Chem . . . 7t Vlvadou Ina 18 Wabash 755 . . Wabash pf A 23 Western Maryland . !) 4 Westinghouso E & M. 60 54 . . Wheeling & L i: 1054 4 Whito Motor 6354 8 Wlckwlro Spcn Stl Cor 27 1 WilljB-Overlund . ... 1HJ4 7 Willys-Overland pf . . 82 ft Wilson & Co 59 (l Worthlngton Pump . . 70 lSx-dlvldenU. Low 20 16 138 on 123 18 113 188 20 29 41 13 8 54 0 31?4 41 33 38 71 03 00 0 6954 76 12 08 A7 29 45 29 16 65 61 1954 71 15 55 4 654 133 26 60 60 48 105 08 33 38 93 3554 24 43 63 1654 84 205 6134 9P?i 113' 90 41 08 10 85 4355 4314 Of 4 48 l'34 87 112 v.!'i 13 53 054 6 13 20054 73 33 73 0334 25 57 050 101 89 41 77 71 61 10 4034 40 51 70 16 63 173 87 3154 11354 (13 43 200 46 1 22 0 07 9354 59 97 108 57 93 54 107 07 110 74 18 7 22 9 60 10 63 20 ID 82 58 08 Todoy'sNft Close Ch(. 20 , 15-. M 13854 60 123 n 18 113 . , io bH 2054 1 3014 r Y 4114 13 OS 534- 9 214 43 33 38 7654 93 60 0 ; 6954-, ; 7734 1Y 12M y 98 6854 2 54 4554 BOW 50 1954 71 15)4- 501 4 Ye 054 123 Yz 20 60 60 - 154 48- 100 1 on!4 1 33 39 I 93 35 Va 23i I- 44- 54 34 IS 54 3 54 154 64 1 34 1 4 154 1 'i 9s 1?4 1 354 1555- 8 20 4 r 63 101 11354 100 41 9S 1 16 .. 6654 1 43V5 . . 42 . . 6154 1 4S 154 0354 1 01 I 114 2t54 15 21 9 754 12 1- 200'4 554 7354 3'54 7454 0354 25 57 630 101 8H 41 79 -r 74 62 2 1054 4034- 41 1 61 71 1 1054- 63 134 173 87 31 114 C3 43 203 46 -1 23 8034 69 95 69 99 10S 68 91 107 07 9134 74 32 60 10 63 27 11) 82 50 70 Neto York Curb IKDCBTniALH cms Coitt ,,,, n Alum Mfff Pref 1 04 Amer Csndy , 04 An-.er Chlel pref ,, 04 Armour leather 10 Armou? Lmthtr prof,... 04 !!nrdn Cons 10R llorden Cons pref....... 0054 l)rlt.Amr Tob coup 14 Columbia Emerald ....... 8 Chleago Nipple I. 10 Gmplro ntrel .10 Low 0. 04 10 ivn Latt 2u 0. o!u in 1V "94 v P?W i Mtrmsir Cosi ,.,.., 2S Ms-sett Intl lOnil Llbby McNeil 1254 Lincoln Motors A ftl Kmplro Steel prtf. umpirn iuon . . . llvnornl Atphalt Ornpa Ola Orspo Cl pref .. Onlihvyn Pictures Hydrautlo Hydrnullc pret t.lftmsir Coal ,.,.,, j.iRsri Llbby Lincoln Motors A. Now Joreey zin . . . . . New Jersey Zlno rts. National Leather ... North Amer Paper... Perfection Tiro Hadlo Con lladlo Com pref llepublla Tiro Hub... llalnler Motors Hlnger Mfr Submarine Doat .... Hultt Intl Times Hquaro Auto.., t) a Hteam United Plot Prod.... United Itetall Candy., United Front Sharing Union Carbide , Willys Corn ....... Wright-Martin WM 72 7H 78 f5ft RO 00 SS 30 72 74 2 mi; so "V4 no .10854 1KB 18 lt 254 IS 2 2 30 lift 1254 nn 20 K M 20 Davi SOVi STANDARD OILS Btnndanl Oil of Callt ,...0lO Standard Oil of N T 883 INDEVKNDENT OILS Allied Oil 2J Arkivnsnn Natural dan ., tl. Uoston Uyomlnz iH lllx Heart in Cosden & Co 7 J Dominion Oil Ill' 4 Knclnoers ivtrol ltt Kameralda Oil FenMnnd 05 Ollllland Oil pief 81., Cllenrock Oil 2 Hudson Oil ft Inter Petroleum 3154 Kay County CJ0.8 2 Mnracalbo Oil 28 Mexlcnn Pan 1.1 , Mldweet neflnlnic 14N 1 Chlo Puel 23J4 Oklahoma Nat Uan MJ4 Omar Oil '? Tanhandlo rrf- (11 riltebureh Oil 14 Producer & Ileflnern 7' rted Rock Oil t noiil Dutch rts 92,, Salt Creek Prod 31 S.ipulpa Ret 6 Superior Oil 1714 Shell Transport rta 20 Mmms Petroleum 17H Pkelly Oil 10'i Toxan Ranger S Tropical Oil Sl'4 Un Toxae Oil N Victoria Oil new 14. White Oil 1"' Woodburn 4 MINIM! Alnaka-Rrlt Columbia .. 1 Arizona Globe J Atlunta I'l llelcher Dlvldo " Melrhor Extension 4 nooth 5 Hoaton . Mont "I Calcd Mlnlnir 23 Canada Copper ' Condclarla M ; Cons Virginia -' Cortes Silver 01 Creison Olid 1 Crescent McNamara H Dlvldo K"t -0 Kureka Croesus Kureka Holly J Oold Cons I' Hold Merucr . Oold Sltver Tick " Gold Zone Jfu Oreat Bend ..8 ' Emu Silver ' Hecla Mlnlne Tpnn TUnnnnm rt Jumbo Extension Knox 1 it 54 i 89 114 12 on "t 6)4 10 30 14 .74 iv 80 72 IK 724)J 2 10 80 90 as 100 12 no 197 13 114 7 00 311 20 2S .IS 144 1 nn inU 0' 30 For July Investment We Own and Offer, Subject to Prior Sale or Change in Price 590,000 Centrnl R. U. of N. J. GcRl Bs, 1987.... to yield 60 000 III. Cent K. R., Cnlro Bridge 1st ,4s, 1950. " " 60.000 Southern Pacific R. R. 1st rcf. 4s, 1955.. " 100 000 Pcnnsylvonln R. R. Gen'l Gs, 1968 ' 70000 CleT Cln., Chic. & St. Louis Gen'l 5s, 1993 " 60,000 St. Louis IJrldge Co. 1st 7s, 1929 " 100,000 Elgin, Jollet & Eastern R. R. 1st 5s, 1941. . " 50,000 Duluth & Iron Range R. R. 1st 5s, 1937.. " " 21,000 Chicago & Eastern-Ill. R. R. Cons. 5s, 1934 " " 50,000 Kan. Cy., Ft. Sc't & Mem. Ry. ref. 4s, 1930 " " 50,000 St. L.-San Francisco, prior Hen 6s, 1928" " 5.45 6.00 6.00 6.00 6.10 6.35 6.10 6.12 6.50 8.50 8.82 Kountze Brothers Inveitmtnt Securitiei Dipt. 141 Broadway, New York City 1406 Widencr Bldg., Philadelphia John Henry English Representative) Bell Telephone Locust 439 Keystone Telephone Race 2436 .110 SS3 8t0 385 I I I i 3 it M a i ' it Divide B. 34 2 IS 1 VA ! W H V IY Y Y l Y 'y 54 1 Ve Yt 010.OU0 .hare., co.npared with 021.SOO shares rndu Thus far this vicck. 010,000 shore's. Same period last week. B00.- Philadelphia Markets Mar .,., m- ti...im. as. 210 buehels kt r mnal Car lol. In export : elevatoi 1,1 "l "i'Vlnt?r. 42 1.3 2 ? Nt, rl A"j win' r UM31i2 9H.no J rj. W S-1 I2r7:'' ' N.i 'i'r'MwWT 2rH3jr2 SV NV 4 hir'd Iter 2M2h8 No .'.red l:,.r JJ 70 2 R4 N 5 hard winter. 52.70 J M SampHa according to qu.UIU i-i hi vn.. Mnts none Market dull and ...r."JtN,Tr'',r i ' t5 nuallly and location. the latter for No. 1 Jillow. t 11 "'T'Sl u: 14 uArs-Keipts. none MnrKt d-Ilnd lg ?' iji j.'.i i... N- '"'. "W1- 1TR ! imirels ana rau " oulet but et'udy J' Ixw 44 nn ns 1L4 13 38' HI" I 1! Til 1'4 2(1 (. 1 1 1 ns iau.. T'" i 51 (2 fl ISLAND OIL AND TRANSPORT The recent litting of this so curity on the New York Stock Exchange lends added interest to the facts brought out in our Special Letter I. O., a compli mentary copy of which will bo tent upon request. Marketable iiinim oaincd upon conservative murfftnal baait. Odd Lot a tpecfalfy, nr;ulrk'j in. filed. MILTON HEIM & CO. lSufeor )n CeUllr Si Itrlni) Mrnibrrs Col, totk Id. of N. y. 1622 Chestnut Street riionesl llell, Spruce 3017-1300. Ketne. Itn 7ftO. T4 nrosdiTPv A 40n nth Ave., N. T. 1 fltamlanl . Pnnn JIlKh Sl.TAm Strs. 44 Vi 10 do pref. 00 TitHuld I.o urcf . . f8 r.l." r.livSr.ir 12." Z7 I.nke Sup 13'A 14 I.i-lj Xav. ri74 .M .- I'a HIl 30 :inti Phil nine 22,& :i2." T It T. . 20 10 PhilaTrnc Til .'Ton Min lVu noo l'n True. 2n;A 832 U (! J.. 42 10 tl S Stl 04 - .in 1-.P Tiiit.i. tiii:;i' iiiitt 1 -If I UU U.4VU 1 J.JTI t . Mf. KMVnrl&S Rj 8i, 8'i i.! r.7 Westld C 71 71 71 . . t.N'et change made by comparison with last sal" on New Tork .Stock Birhaiise Total HfttfjiJ 3073 shares compared with jf."l iharu Krlday Thua far thle welt .1U70 SnurcB. ouiliu yenuu Ian .bures Salei. in 110X1)8 11O00 lllirh lw J. Ecp & IVo Tr 4s .".3 .1,1 1 Midvale Tih. 7S 78 :t Lib Honda oo.oo no or, no.od.sn 80.10 8(1.00 80.1(14- "n -.-.. .A, ..w .. n- .... .. f 2:110 vic vd. uo.u j. urj.ua-r-. 04 0 I'cnnn 11 II temp rtfs.l02W 102ij 102.. 1 I'litlu Elcc lHtTis.... 82'4 S2Vi 82t, 4 1 ltend'K b 4s. 75V 7.')' 7.T-f- 4 4 Sou I'nc con rRii)3... m nr jis .. 4 I'nlted Hwy Invest Gs. 00 05 8,"i. 2 Total. 188,800 eompared wllh $37,805 rrt. day Thus tr this wek, 188,800. Sams ucrlod last nctk. 1211,631). KI.'U'U Ile'ellite . ... I., In aiinlH (, .,.:.i , ,,nds iTi.ked In 140-uouna juj 1 V -lio" d?"rSr.S?"h.a'S" ha I "u. 'r ?lBhl 'IMM'. J; ?W do short r-a- Uj, tl.ur 2r,f)(fl3 , nO 1., " d,0' 4?, r'o do Lull-I 1 "ne less B8c J "'nif'JiV.i' V.0,K0Ci rurod. loo.e. 24c; do. 2330o. Currants tier quart. 13lu raspherrlea Jer r" plnl 10I5P1BO. VEOKTAHI.i:. Shiii. pntatoes. southern, per bnrrol. No 1 17 ',0H1, No 2 and ,.,,iih J3 Siift'i ,",n iiibauH Kouthern. per barrel crate SI j;ii I ,lo 1'ennsylNanln, per barrel, 12(13 23. di Jirs-y per bueket, 7.V' (frfl.10. Onlunt Jfrs. per bokot, 50W 00c. tone of tho the close. market improved toward I-cadinc futures ranged as follows: Commodity Markets week. 60(15 CIt Not cheo. R3 1 78 10M, 3d 4 Ms. 4th 4Va. ncni- ii"'." - --,,,.. i smoked. s:c ..."""Vnn i.iird. "lWc. 25. .... "'"l.,V"v" .Vi'A i,.;r Quotations: 0i.i"r'rv-itIulT and 1c luwer Qjotatlons: KS?: S8! SSHnr.trtTiVr-.S'!fr nrsij ou'it-ji. "-..-.;.,.. 4RMic ewiet "earner,. ";".. .mf Ar finry and a, 300c tot.J;W -iSJfi'o'clc Arm Quotations are: Z,, o llr 41W.HL ..i. Jfto. eetern nrsta 'L. ..-. - fnr,ri,. ano V'tui. , -'- . HI ."" '', ..,.;.-, v, va.U whole He xhorns, ".". ,',"'V.j. ... TuhniM. ht to medium. white Leghorn fp Is sawaaci uro,,. fancy, prints i stern extra A"rrtir,i MecondH sclitud'frosh miss Job- nntl under thu rSKea'ffiyheidlNYowh muk-'flVts-rurre". .nak. f.nry JTM , ; V:erndo 'blntrf- "iK.!.!.. 8H.e f.ivn l'OUl.T tY rowis, nr fancy heiivy" alMS7o; ri. Ilnht aiaxhe "white Leghorn ll" hno,ChleWhlnnn.braV.V:e.367c SroUIn rhlcfcin.. . f-"v V'"-'"- wemnini; ! '"" 'r, (iL HT IrfKhorn nrolirs, wei.hlnu 1 - foftVJe whit.. Leshorn frolW", 5 tO'iM.le old roosters, jig;'1. 3S37c, young, I.Ehorns welKhlnB (,0r whits 1 1, j a r1i ft ,..-- in N".","..nn .1, snrlnK. ?,U'K". "M. Ver pair. 43550. do, pnrtEHSKnc rovLTrtr-rowis. fresh- ODiece. 4Uo weluhlnir aV4 bs . BNyauc welBhlnit 3 lt . 33S5ci broilers, western dry-picked riot I.ehorns fl2'18ei broilers westeni wh ! I.eehorns, BROflOo; old roost 7th dry-plrke.1 weern 27o. do, nouthorn 252c sprlni: ducks I. I.. 8.V: riti:SH Kill-ITU Oran.es, per box. I "J 30 drnpefrult, Fla.. Vi " '' ' ? 6 113 Pineapples per crale, I58. reach, a Oa . perorate J2'3I4. Wattrmelona 11a ner car I200O.VIO rantaloupes, uestein p.r MHdarl .-it'.o. B.B0OIj. ciintiilnupes. Ik.utharn. mi flat o:.. nOoWll 10, Straw Kri'-Vr." e'lartV eiOao. JllaeUberrlei., NO . l-r tuar. I0tio. Ootstberrles, ;or quart, 12015c Huckleberries, per quart, COTTON MARKET New York. JuW C - Whllo tho Imme diate, opening of the cotton market this mornlnR wan Fteudicr than clue on tho cables, tlemutrd wan soon supplied and tho list turned ucul.cr under uelllne, In duced Iarsely h. i-nday'3 bearish gov ernment crop report The trade and the South were huyera earlv. but Wall Siret anil Japan Hold. The weather In the belt over the holi days nno described as showery, but It wan evident from the nelloim of the market that this was not considered un favorable Prions declined after the start were about Jb to 28 polntB cl" or l i nn "While trurliiiK continued very slow in tlit? nfti rnoou sellins pressure was not in evidemi. iind prices ruled steady in the tine of Rcnerally satisfuctory crop nnd went her reports and poor de mand from tnulc hources. Tin' iinn tal w'lltller details Fliowoti heay rams in Arkancas, nnd nt unit points in Mississippi, with scatteied hhowrrs ilsewherc except in the Caro linus. Import- uere 22.'i3 bale), all to (ireat nrltnin Fur the boiihon, to date, 0.2"i.ri0 links, insaiiiBt r,0."0,CC4 bulcs the pri'Mous heason. I"rl Toda 1 oin 8s 70 .12.5,1 81 ss M 01 30 8.1 20 SS Corn- September December , Oats September Det ember Turk July . . Septomlior hard .Tulv Septfrnber lllb July . . September Onrn . 1 HK . 1.411 . 81 . 78 28 80 .10 75 .10.00 .20 OS 111 47 17 72 HlKh 1.024 1.50K 70 28.30 80 75 10.00 20 03 11.47 17.72 I.ow 1.5714 1.43 70H 10 27.10 29.40 18.ir, 18,75 10.40 17.00 Close 1.80H 1. 4H11 814 78H 27.80 SO. 00 18.42 10.22 1(1.47 17.30 Louisiana Co MeNnmara Mareh MlnlnB Mother Uido Mother Lode new Murray Moc NIpIisInG North ftar Ophlr 8ller l'l Inco Con Ilncheeter Mines Ropo Oroup Han Toy ....; Silver KIpk of Aril S Silver Iad Success Mlnlnir Tonopah Itclmont Tonopah Cneh Boy Tonopah Divide Tonopah EJtenslon Tonopah-Jlm H Tonopah Midway Tonopah MlnlnB Tonopah MUpah Tonopah Montana Tonopah Rescue l.ula .... llnltea tasiei u victory White Caps Whlto caps i-wii Wllbert 8,m011 " BONDS Allied rkersow-.---Annlo-Amer Oil (s... Am Tel Os of "2 nremen 4s llcrlln 4s i-' ioi'" nemian uovi . ..... llelilan (is of '23 French 4s. lpip French Bs of '20 Frankfort 4s Goodrich T 7 Hamburg 4Ab Inter Jl T 7 l.elpzlk 4n Nuremburft 4s Swedish 4s Swedish Govt 0s Pwlss Govt BAb Sinclair 7H Texas Co 7s Vienna 4s Wost Eleo is 10 4 4 1 1 (1 0. lr lj 11 l 12 12 8 H 1A 1A 14 14 12 12 14 14 3 2! (1 B in 10 1V4 Vk 4 4 1,V 1H oavi ostf 2S 28 21 V. 24 S nsS nH 05i 03 Ml Bll 8(1 83 27H 27 H4 04'4 2SVs 24i 07 no 2(111 2fiti 2W 2nS 27 27 RS 84 84 84 07 74 07' 07 i 07 OiU 08 4 ltt 0 in 1 12 8 f. 14 12 14 3 0 10 1V4 4 1 70 nn 03V4 28 244 08 05K Bll 88 27i II4U 2.1 (17 2H 28!4 27 84 84 07 071) 8 08 BAR SILVER Domestic bar silver wns quoted In Now York today nt 0'ic. unchanged ; foreign was up Uc, nt 00c. In london the price was '2d lower, nt 514d. Call for Condition of State Banks HairUbnrir, July G. Tho Stato De partment of Banking: today Issued a call for statements of condition on July 30 from trust companies, ntato banks, bav inira Institutions and private bankers rmmlntr untler the supervision of tho commonwealth DIVIDENDS DECLARED Dominion Oil Co.. monthly 1 per cent, payable Aupust 1 to stock of record July in Atlantic lU'flnlnu Co.. quarterly of I1.7B on prefnrred. payoblo Ausust 2 to stock of "American 7Jrulsts' Syndicate, semlan pval 40 cents, payable September IB to stock of record July Ot Prices Advanced on Paris Bourse rarls July 6 Prices advanced on the nourse today. Three per cent rentes were Quoted at G8f 10ej exchange on Tendon 46f; t per cent loan. 88f 40c. Tho dollar was quoted at llf 04 He .'ul' October De cmtie .lanu,tr Mar. h May I".' l llfl .1.1 04 II 74 .11 is . 80 17 JU 70 High 3'l 7R 113 4.1 32. IS 31 411 311 mi 3d. 80 IOW 88.70 118 70 31.38 3D 80 30 10 20 113 floss 31.70 33 40 32.08 31.4.1 80 87 30 23 GRAIN MARKET New Yorli, July (1. New bis declines occurred in corn today under aggressive and general Helllnu, duo to better wenther, prospects for n good yield, heavier receipts nnd n drop of 4 to 0 ceuts in the rash article. Mauy stop loss orders were rcacheds. Toward the cIofc there was n rally from tho bot tom on prnflt-tnkitiR by shorts. II. V. Snow put the condition of the crop ut K7 1 nnd the indicated yield nt 2.S75,00O,OO0 bushels, compared with 2.i)1714,rj0,000 bushelH. Kovcrnment fig in cs. harvested In 1010. Oats followed corn nnd nIiowkI 8harp declines. An Important elevator in- 4VaiS1u IMlHrthnuitll Tlfll nnn In s a 1 -. . 'titni iui4.ttunvM i 11 1 J prinmifmij tin the break to cover shorts, Tho under- Interest To Future Property Owners flflThis Company originated title in surance over forty-four years ago for tho protection of owners of real estate, mortgages and other interests in real estate from loss by reason of a deficient title, liens or incumbrances. tjfl It would not only be a pleasure for us to assist you in any real estate prob lem, but be a satisfaction for you to transact business with an established institution that has satisfied thousands of clients. THE real estate title insurance and Trust Company 523 Chestnut Street Aerewi fn,m iBdeiHindsne We specialize in Liberty Bottds all issues bought or sold. GEOWKENDRICK 3n tf CO 1431 WA1NUT 8T. "ksStW PHILADELPHIA. ..lumbers New York an J rhlla- aeipniA Black jexcuanevs w Telephone) Hell Sprue 0120 Kejstone lUco 1138 iiiilllllllllllUIIII"jnillljl!Tn LONDON JOINT CITY & MIDLAND BANK LIMITED HEAD OFFICE t 5, THREADNEEDLE ST., LONDON, E.C a OVER US) OFFICES IN ENGLAND AND WALES SubaoHbod Cnpltal Paid-up Capital Reserve Fund Deposit Die. Jill, 1010) - 38,053.445 . 10,797,105 - 10,797,195 - 371,742,309 OVERSEAS DRANC1I : 65 & 68, OLD BROAD ST., LONDON, E.C.2 FOREIGN BANKING BUSINESS OP EVERY DESCRIPTION UNDERTAKEN Rt. Hon. R. McKENNA-Chilrmtn APPIUATED BANKS 1 IEIFAST BI-KIN6 CORPMY LTD. Ovir 110 ORIcn In Inland THE CLTDESDILE BUM LTD, Over ISO Ollltes In Scotland Not Merely a Place to Handle Money The Heal Estate Trust Co. is a "business finnncial" focal point in close touch with first hand sources of information throughout the world, with a wealth of worth-while experience for you to draw upon at any time. Such service you must use in order to know its full value. REAL ESTATE TRUST CO. OF PHILADELPHIA Broad and Chestnut Sts. OFFERINGS WANTED Muhcie Electric Light 5s, 1932 Counties Gas & Electric 5s, 1962 Virginia Riulway & Power 5s, 1934 Kansas City Gas 5s, 1922 Atlantic City Railroad 5yas, 1929 Jamestown, Franklin & Clearfield 4s, 1959 Lehigh Valley Coal 5s, 1933 Easton & Northern R. R. 42s, 1935 Boenning, Garrison & Co. Stock Exchange Bldg. Philadelphia We take pleasure in announcing that MR. W. MORGAN CHURCHMAN has become associated with us in the management of our Bond Department. PARRISH & COMPANY Members Philadelphia Stock Exchange New York Stock Exchange 1500 Walnut St., n5 Jr0ndwny, Philadelphia, Pa. New York, N. Y. July 1, 1920. The Nation's Greatest Asset During tho World War the railrondsof our country, against tho greatest obstacles, performed a, wonder ful and magnificent service in helping to quickly end tho gigantic struggle Today, with a much increased trafilc,. tho trans portation problem is tho hardest ever faced in this country. In addition to moro locomotives and cars, what is most needed is the hearty co-operation of the country's great shippers. As locomotive builders, wo will do our share in rushing to completion tho needed motivo power to help movo all the necessities of life. The Baldwin Locomotive Works Philadelphia 1 14 1. "a l I lit It J? II 1 I ; .. L ll .." if."x ,-..,., ,w,. W :, 1ytrK.
Significant historical Pennsylvania newspapers