if (,:- ER PHILADJ w 'lf "h . ,-.J ' ,' - - " ' ' ' . 4 --- 14- -l" i ,, A J ,)jf. v ) '4 rj vK NEW YORK BOND 3At& XT' . . . rr..a,, - ,fa fe '. v,. fr! l-M ." i T - - ' - - " -- 'Tll' t f, n, tf - . .. . - 'i ' . . 4 r " if "" - ' .tMHHBHtflSHMSHaMasgji. TnisiaaTtfBirtiiMasmiaMraMaaaBmsaBaaaBaBaAasaMiiMi n., m .a . imi . . !! , , . aSaBJBaaBpafajjpjpa (BALKS IK SlOOOl uiMi nz . . . .Jl;'n Air ! !!. 3H Am.r smalt', : SK Amtrl'n Tel Tl ett 1 " A Tel Tei f 1. . a 1 . 16H it 73 5.. . 7BK X Tel i Tel 0. i. . i j l . ai American To bueco Co 4a I ... "3M Amer Wrltlre rper Ti . ... 7414 in-Frtncli B" VV I 00 T HD'4 00 7 00 V. 00 n 00 '4 00 00 H no'i 00H 00 u 80 0 oo n 00 H 00 0 00 I) 00 0 A 2 s M.' . 15 . . .1 ... 17. .. si .. . A. .. 14 0 . . 100 2 1... . 1T7 8 7 81. 8 . 3 10 . ISO ArctnMns rubllc Ss 2 . 0'i & 70', Armour 4 4 1, 7.V 1 .. 76 1 . 75'. 1 . 7SH Atch Topeka t; P Fe la nraden Copp't Mrne Ba 1 85. Brooklyn nap, Trana ct 7 T.,. MK " 8' 1 87t. Hrk itap Tim ii 7k ct ata 2..... 33 Drooklyn U'n . ril let Bta 3 07 California O & n lit atta 1...... S2 1 8-' ii Control Coal I Cake Co IX 1 58 Cent I.eftt'rOe 2 01 Cent'l Pau let 2 Wi 3 .... 1Si 12... . 118 T, Cent Pao 3, a 2 74 I.... 781, C (. Ohio Ht 3 .... .CO'e 0 .. . 00H 1. . . 70 C & l cv l'i o .... 71 U 2.. : 71V1 U'k ft O cv At 0.... 20...., 8... , 1..W, 1 .. , i...:, "2.T.. Chlcaio tnn 3a 8.... 42'.; ChlcHB-o II n . Qjlncy cm 2 72U 1.. .. 72i no (, Chicago tl n 4 74 , , 74 . 74 , 7S , 73 , 78 . 78 ft AJ. 04 0 00 0 00 0 00 0 00', 3 4 3. r, .3 1 1 1 3 10 Qulncv 3...., Uilcutfu Qnlney 4. 04 a . . i .. . 10 ... - 4. 8... . s.' ! 1.. ., t ... II Sfc 8014 f.' Chile Cop'r 7 R....I 09't Chtneaa Ctove't ILK nija n. Ii.... 04 Cty New York 4a of 'BO 3i. i.v 83 Clt N T 4Via May '87 l.....02 Ctr New Torn i...'.. eli City Paris fl a oa4 1...I. 03V 2...,. oa 3,. , 03'4 n 03 ci i cm Chi a St It 4ie n..'... 70 S 71 Colorado ft S' Itntlway 4a 2 74 2 74 Colorado ft S rtallw'y 4Vje 2... . 07 0 07 tons' d (1m 7a 8. k. I S 8... 8. 88 H BOT, 801 87 66 tt oo H 09 00 u oo u 00 s 00 8a 78 S 78', 75 78 Cuban Uatia aucar cv 8, 1 1 1 1 .... 1 Copenh'n 4..;.. 2 i.. l. 3. 4.. 1.. 1.. Cuinb'd Tel Tel 8a 07 i 07 U 7'4 07H 071 07, 07'i 0.7 U 1. 03 H 'Del ft I. Dtl ft n. . l.. i.. 1. . i .. 7t 71 71 71 70 K tl') 71 S I 714 71' 71' 7U. 8.. 10. 3. 3.. 10. 03 II3N 03 . 03 'i IHT 03 't 0V 03'J Ml l)3'i) 2. 034 Den 03 1, 03 i 03 03 VI 04 03 'i 70 ; Hud fd . . 07 Hud 7b . 101, . luu r 100'1 . 100' . 100H . 100 . 100i . J00', n u r.i . 44H . H'i 44. .. 41 .. 04 44 ; Atth T ft 8 Te re 4 2. CO Atch Topeka ft 6 Kc aja I. . 0441 Atch Tranee'l Short h ta 2... US Atlanti Knox. Mile ft C la 4. . 65 Atlantic Cuast Mne clt 5 ..02 Atlantic Coaat I. rem 7s 1 . . 07'4 2 .. . 97 4 1 . 07i 3 . .. 0 041'Dift It O 4a Chi ft IJrle let I.. . 06U li 2 01 ChtcaKo ft O t 1 034 AVeet'n 4a u n of Can Li 1 814 of '21 4... . 314 1. . 074 1. . . 314 1 074 Chicago .Mil Jin.. . 117 Vj " V 4 4 07S 1.,. t 014 1 07U ChluaEn Mil .D Canada ".' St P d 4s I 1..... $04 1.. . 34 4 D Canada ". n...,. .-.t, s... . oou 10 .. , 33 1... . OOVi 24 ... 33 1.. pot. UiIljco Mil ft 1.. 004 atl' cv 4 4a 1..'. . 03 1. ... 03 S ,.,..01 2. ... 01 3... . 034 10.. , (124 2... . 024 4 03 ,,0,;,,i.. 0T 'Uikmko- Mil t Bet ft Ohio e. ,,p fd 4it 1 .. . 884 . . J4 2 .. . J8 4uuckh Mu St I J J St V cv f.- 8.. no i 1.11. 3IL 1 3 . . 78'. 8 J' A. 12. 18.. 1 004 1. , . 004 D Canada '31 1... . S3',; Dominion Fie publlo 8a ..1... . 884 l.'rle Gnl r.lei 1 SOU 0 304 Erie nil c A 2 344 Drle n 11 e K 0 34 l!rii n i. . . n ft O S'Ulchlcairo'ft Nth fi . 33 1. ... .84 Wctt'n tm 1...,. 3S 1. ... TSI.lKrU n O. J rni .......I'. ..z . .... '" .lliCBKO iv r,m J. , , I. lv ig' Wn d 2I .Oen'l l.Icc 0 ", io ( .. on;, 1ft.. '' c ftw-k Tnil I t A .. j Bait ft Ohio l 4 n4l 2 ??M I. . Si! . . 08i, l.. niL. 0... . C5 Clucaico l(.jt.k I ft PkO 4-1 tnterborouzh Met 44a , 10..... U InterborojUh Met ct 4 4 28. v . 13W Inter borough Itap T fd 2...w 474 ...,, 47H 10 10 3. t . 1 8... 1... 10... VB... 3... o... a... 14.? 474 474 47 U 47 474 47i 474 47 4 474 47H 47 474 474 474 48 474 lnt'l Merch,apt .-Marine ua 2..S,. 85 10 83 n.,',.. 83 4, . ., . S3 10 84K lwva Cent'l It 1 38U Kanaai City ft Bouth'n 4a 1...., CO Kansas Cy T'l Railway 4a 2 034 034 08 024 034 03. 03 Kansas city ft Bouth'n Ba 4..... Ad 1..... 00 2 OS Kingdom of 1) 0a of '21 2 08 1; 1 .... 084 3 U8U 2 0814. Z 08 u 2.. .. 034 KlnaJom of U 0a of '2i 3.. 1 . 2.. 2.. .. 1014 3,,.. IOI 2.... 101 Manhatan H'd Sta 4a 3 81 Hldv'e Httvl . Ord'e 6a ... to 78 784 784 784 784 784 70 10..... I..... 8 8 2..... Mo Kan ft Tex Jlallw'y let l.i. ..83 Mo Kan ft Vr Tlly rt 2da 1 284 Mo Knn ft Tex Hallway 4a 0..-,.. 82 2,.. i. 82 2..,.. 88 1 83 Mo Pao icm 4a 1.... ::: l... n... 2. E' 81 B3 . 814 5tH 814 83 Mo rao Ba '03 23 78 Montana PoW Co Ba J 78 K I C ( II R n 34" 1 03U N T C ft II It RR 34a res 1..'... C3U n r c ft ii n n n,4s 1 73 K y c ii n RRIl 1. n V.'. 10.. t.. i.. 4.. 1.. 4. 1. O 8.' 10. 1. Klncdoni clum a... l... l. . l... 3.. b!'. 8... 18 .. 1.. 1.. a... 6... 10 1.. 1... 1. Bait ft Ohio As 3 .... 58 1 ... AS A pa a . r.7, 2 . . ATI. Bait a Ohio io 84 4 11 . 10 2 1 B ' 1 1. B ft O i W Va S 41 . 83 2 . 83 ft.i "jjthli m Hteel Chil n os an n iu 084 ..fl.-.ii, 03 nn 22 104 1 1 10 3 8 1 1 Chicago Union Nta it 04a 12.... 102 2. . 1024 1.. . 11)2 2,. . 10 J 1.. 1024 W 84 84 84 84 84 1, 84 84 4 844 1- KiChlcseo ft Ind'a 4s 1 .31 2 . M 01 03 .'. . . 110 1... . 08 3 08 Vi 1.. .. 08 Hud ft Man M 2 80 1. ..67 Hud ft Mori In 3 104 III Central i "..... 004 111 Cent 4 :J 1 83 1 OB III Cent'l 34a 2 85 Imp Jap O 1st 0.. 1.. 8. 0. BH 3 73 76 Imp Jap O 2d B.. 10.. 3. 10. A. 74 74 74 n 71 74 4 74 74 2.. 1 . c:. i.. i.. J.. 3.. 1.. Kingdom Italy 07 4 074 07 07 4 074 07 07 07 074 074 074 07 074 074 074 07 Uol. 74a . 004 . 004 . 00 . 00 . 004 . 00 . 004 . 00 . 00 . 004 . 304 . 00 . 00 . 0f4 . 00 4 , 03 , 004 . 00 . 00 , no . 004 ,-00 , 00 , 00 , 004 , 004 . 00 4' I . 004 . 00 . 00 4 , 004 00 of 87 87 80 4 87 87 88', 884 New Tori: C I Lake 8.34a 2 B7 2 A7 Dock in... 4.. 1.. 1.. 2.. 3.. 884 88 B8 04a 2 03 Lake Shore M B'n 4a '31 704 70 70'i 70 "On 70 77 70'i Myera 7a it's tor'r i!j imp Jap (1 i)h 73 I 1. ... r.0'6 1 37 3.. 0.. I.. 1.. 10.. . 6.'.' 0.. I.le't Tob'o Co I.... 104 1.... 103 Lone Isl R fd 1 00Vi Louis ft Nasn lll 4a 10... . 704 2 70 Louis ft Nush llle rets 7k 4.. . 1014 0 . 101 2. . 1014 2 ... 1014 1.... 101 N York Co 4a 1... . l::r. N.Y N II ft II cv 34s Vew Y N II ft Itart'd 8s 1 804 I nnij l 004 88 004 N Y Rlwys 4 s 1 20 N Y Rlttjii 8a O ft l.i... 3U N Y Tele' a Os 8 88 Norf'U 8'n Be 2..... 344 Norfk ft V Is 3..... 71 Norf'k ft Wn cv Os 2 . 034 1 08 Vn Pacific 3s 0 ... 81 3... 81 1. ... 83 N'n Pacific 4s X.. .. 704 0 . 70 7... . 704 8... 70 8... 70ti 1 ... 70 8... . 71 No'n Pac 4 4 1.. .. 72 1 1.. 10.. 1.. l.i !. . 1034 . 1024 .- 102 . 1024 . 1024 . 1024 f 1024 . 102 . 103 . 102 . 102 . 1024 . 102? 1024 1.. if. I.. i::: i.. rcorla ft 15 lit 1 82 Pera Marat Be 1 77 Public Service C'n N J Bi 0 80 iReadlnt R 4a .. a . 78 3 78(4 Third Av II ne'e Cuba 44 i J...., 224 l..,,. iija It.... 734 B'n Pao ov B 7.. '. . 034 s oa 8n..,, 08T i,'.w 08 8..,.,B 1. . . 03'3 10,.,,, 03 8 '084 B'n Ratlw'a 4 13.,. j. 88 6..,.. SO S.i... 80 20 80 ,18 04 B'n ltauv' , 8 784 1 78 1 784 Tex A Pao lut 0 70 1..,.. 08 4 8...r. 00 kl2,,i.. K o,.i.. imi l.....' oiy 2,..., DBfs U K a D ftS rct '22 l.i.w 024 28.. A.. 03 1..... 03 10. i. 08 10.... 09 u k a a ft i rctts '20 3 80 0 88 Ukodi'h; 4.i... 714 Republla Cuba Ba of '04 3..,. 00 1 00S 22 BOH I lock let Ark ft L. 441 4 82!: 4..,.. 03 0 024 4 02 St Xj I M S Rly 4a 1 68H 1 004 st t. I m a Rly Ba 1 82 3 824 St L- ft S Taj 1 0 10,...,. 804 8, 8.. 1.. 10.. 10.. 2.... at i. ft i:: 10, 2. 4. ;. 10 '5: i. ,60. tit. 1. 0. 10. St I. Berle A . 004 . 80 ..00 . 00 . 004 . 004 . 00U . 00 d K 'n . 474 ' 47 , 474 . 47 . 474 , 474 474 474 , 47 , 47 4 , 47 V, , 474 , 47 44 47 4 ft S ITao B. 8. 8.., 4... 4... 1.., 4w, 1... Third n n 4a T7.. B... 4v. Union 1... 2. 23 Vi 224 224 224 .. 224 .. 22 .. 234 .. 22V Avenue 40 40 40 Pao fd . 07 . 07 . 074 08 Union Pao 4a 1 7fl'i 1 784 2 78 B.,.k. 784 1 78U Union Pao Oe 2 014 6 03 U K.U B I '21 4 08 3 004 4 00 2..... 004 1. 8... 0... 8... 3... 4.,. 1... 8. . 1..'. 864 85 80 80 004 004 80 804 80 80 804 U b Meilcn 4r O.rTT. 28 1 20 8. ... 284 U H Mexico 8a 2c... 88 3 37 Ut'd Rda San 1" unct 4a 6. ... 224 I ... 22 1 21 1 214 U 8 rttMlty Ba 1 81 1... . 80 4 80 U 8 Rub'r 3a l.-. . 80 B. 1.. 2.. U H 8. 2.. B , 1.. ... 80 .. 80 Rub r 7 a .. 100 00 ... 00 . 100 V a Smelt Wa ft Mln'c 8a 2...,, 05 U S Steel Ba, 11..,.. 00 lvlt. 80ti l.i.f. 00 1 00 i no'i 8. ...I 00 !.... 004 Si'.... ooh 1 004 Utah PoWnr ft Light oa 1 734 Vlr'h, Carolina Chem Co lai B 02 1....'. 02'i Vlr'a Carolina Chem Co oa 8...,. 044 7 014 Vlrtinla Rail- waya oa 1 74 1..,.. 74 1.... 74 Va Rlwy P Co 6a 0 4 Vlrnlnla Weet'n en 0 BO Wabash n 2nd 2... 744 Wea'n Kleo Be 8 04 Weet'n Mar land 4a 2 484 1 484 2 484 Weatern Paci- lis lat 4 70 Wilson 1.... 1.... 1 ... 1.... 8.... 1. 084 08 ft So Co ov , 844 , 844 , 814 . 844 , 844 i 844 Wilson Co 1st 3 ... 8.4 Total. 8,K)p jesterday isn.nnn.noo, 137,003,000. 118 231,000. lay. Same compared with 311. Thus far this week. period list neck. 2 JHVi 8 4 3,, . 844 7... 34 4 1 B44 1 844 1 64 2 68 A,. .. 844 1 B 10.. .. 84a, 8... . B4 2... . 84 1. ... 84 0...., 844 2 044 2. .. S44 2. ... 644 1 644 3, . 64 II.. .. 64 2 64 12... , 64 St I. ft S Fran Libert- aU" Liberty In 48... Liberty 2d -In, ... Liberty lot 4n. Liberty 21 4ViR.. Liberty art 4Vt.. Liberty 1th 4U.. MA Vic Notes a?. Ofl.Oi Vic Notes 48. Hluli ni.iM sn.'jo R5.1M) M.VM 80.1 S 1)0.12 40 00 00.02 Tjw ClftiV ni.40 ni.no so.io sn.io 8.".r0 8.ri."i0 80.34, 80.0 8T..r2 85.00 80.n0 80.04 ST..70 nri.so n.-.oo 8s.no no.oa 05.00 FedeYal Sugar Pays Extra Dividend New York, July 7. The Federal Sueur ReflnlnR Co. has declared an extra dUl dend of JS a share and the reirular uarterly diN'iaena or i per cent on he common and the recular Quarterly dividend of li per cent on tho pre ferred titoclt. All payable August 2 to stock o record July 10 SIS Series U 2 80 4 ... 08 2 08 80 CO ft rt I-ran St Prices Stronger on Paris Bourse Paris, July 7. Prices were stronger on the Bourse today. Three per cent rentes uere quoted at C8 francs IS cen times, nxchango on London. 46 francs 48 centimes! 5 per cent loan, 88 francs 40 centimes. The dollar uas quoted at 11 francs 74 4 centimes. l V if. t , ,r it iWh. t if. f 4" . a. More Gold Coming New' York, .'ulj' 7. The Cunnrd liner ImperAtor. which sailed last Saturday foi- Vew York has approximately J-v-150,000 In British trold consigned to American bankers. Orecon hhort Serlea C i Tin. Am I 1 fi.t.r I I.lnn 4a 1. 70 precon Short I.lnr 3s 1 80 pra.Wash'n R Co .Nkv Co 4 s 1 63 2 03 Pacific das ft nlect'a 3s 1 78 P R yi 4 4s n 80 r.i R 4a '21 : 074 Pii R cm i'- 8 78 1 731 P'mia It n fH 1 83', 8 82', Pinna It R 7 1 . 3. 13. 0.. 3 . 10 10." 1. . 102 102 102 102 1034 102 102 1024 1024 1024 102 102 102 HUH 102?j 1024 102 1. 1.. St 1. ft South West'n en 1 621. St P'l ft 1C C Short L 4 4m 1 00 61 P'l Minn a Mani-a 44a Seab'd A 1 10 I 8 1... . 1 Seab'd A 1 4 Penb'd A 1 B'n raclne M 2.1... 70 1 71 2.... 714 2 71 2 71 S'n Paclflo In 1 04 8'n Pao cv la Oil Concerns Sold tc British Interest 824 itnrerepon. ia juiy i no saie or 82 'ho properties of tho Frost OM Co., the uiu uowe wu ld. nun iron ui inc per sonal holdings of W. H. Itowc. to Joseph A. Choun. of London, for $2,500,000, uas nnnouncod here Tucntay. The proper ties have a total dally production of 1C00 barrels. Tho Bill Rone Oil Co. has tl, 000,000 capital and was formed fol lowing the sale of the Ilowe Oil Corpora tion properties to the Slmms Oil Co. for approximately 4.000,000. Frott Oil Is one of the smaller Independent producers In the Homer field. 84 84 I. U) 32 32 32 32 32 324 1. ru 41 404 I. 4a S3 1. 1.. I 7' 12, r... 10.. 734 73,, 73 73 74 73 DIVIDENDS DECLARED faannnh Suirar Reflnlna Cnronralnn. quHrtprh 1 pr cent 051 preferred, pijablei Auniet 2 'o stock of record .Tulv 13 ' lupey Sucar Co., a dUldfnd of 17 per, cent on common nnd semiannual of 34 per cent on preferred, both payable Aucutt 2 to stock of record July IS. Kelly-Sorlnnfleld Tire Co., ouarterl) nf II In ensh and 3 per cent In stock on com-1 mon. paabln Auauat 2 to slock of record , July 17. and quarterly of 2 per cent on 8 per cent preferred, payable Aunuat 18 to atock of record Ausust 2. I Miami Copper Co.. quarterly of fifty cents , a share patahle Aurust 18 to stock of record Aturust 2. I American I.laht and Traction Co., quarter-"! ly of 1 per cent In cash and 1 per cent In stock on common stock payable Auiru.t 2 to stock of record Julj 18 and nunrterlj of 14 per cent on preferred, piyable same date. Philip Morris ft Co.. Ltd Inc . Initial of I per cent or ten cents a share, panble, Aueuat "-' to stockholders of rcord Julj 13 Elk Hasln Consolidated Tetroleum Co nutrtcrlv of 24 per cent, paioblc Auirust, 1 in sinew 01 rrcorq July 10. How Many Can Answer These Questions? The investor who is invited .to place his money in any investment is entitled to a'sk of the seller the most searching questions regard ing the responsibility, good judgment and experience of the house winch recommends the securitv. hen you are considering the purchase of any security, the House ot b. w. Straus. & Co. suggests that wii ask these two questions 1. Did the house which markets this security ever recommend and sell a security upon which there has been a default? 2. Has it done a large enough business, over a sufficiently long period, to make this record really significant? An investment house may do a small business for many years or i large business for a few years without meeting conditions which really test its strength. But when a house has transacted a very large business over a long period of years, without a single case ot loss or delay, there must be some very good reason for its record. Tlie House of S. W. Straus & Co. is a, nationwide institution It has underwritten many hundreds of bond issues amounting to many millions of dollars. In the 38 years of its history there has never been a single case of loss or even of delay in payment to holders of bonds underwritten by this House. You cannot afford to overlook the significance of this record. Write today for our booklet, "Safetv and 6," which tells, the story in detail. Ask for V BOOKLET 440-Q S.W STRAUS & GO. ' ESTABLISHED 111! INCORPORATKD STOCK EXCHANGE BUILDING, PHILADELPHIA Joseph H. Rubin, Resident Manager. nSiy,AVlnK BUFFALO t CHICAGO BOSTON ' DEmoiT WASHINGTON IU CLEVELAND INDIANAPOLIS PITTSBURGH MILWAUKEE MINNEAPOLIS 8A.N FRANCISCO Thirty-eight years without loss to any investor s From $10,000,000 $169,000,000 in years An Astounding Page From "The One Great Business Romance" Aladdin with his magical lamp could not have dlied for a rriorc wonderful business growthvthan that which has attended The Goodyear Tire and Rubber Company in the lant' ten years, a volume of sales of from 510,000,000 in 1009 to $169,000,000 in 1919. Such a growth as this is made yp of many factors, and Is protected onsmany sides, and that Thr Goodjear Company will continue to expand is best evidenced bv its. growth during each succeeding year, and tho fact that today it has practically the entire world for its market. The business of The Goodyear Tire and Rubber Com pany is not confined to the manufacture of Pneumatic Automobile Tires alone,, although in that particular branch they are the largest manufacturers in the world. Pneumaticf Solid and Cushion Truck Tirei, a diversified line of Mechanical Rubber Goods, consisting chiefly of transmission, conveyor and elevator bolts, hose of all types, rubber and asbestos sheet packing, piston and hydraulic packing, rubber valves as well as that now universally used product Ncolin Soles and Wingfoot rubber heels arc among the other articles branded and marketed under the Goodyear name. Goodyear prod licts are sold through eighty 'thousand dealers serving the entire world. In this country alone they have al ready some 7,200,000 passenger cars and 800,000 com mercial cars to draw on, which market is bound to in crease as the number of cars grow larger, to provide for freight and pfissenger demands. On tho 7,000,000 farms which use Trucks, Tractors and other motor equipment in unbelievable quantities, a present and potential market exists for a prodigious output. i Already ten million of our 105,000,000 population are walking on Neolin Soles or Wingfoot Heels, with in creasing tatisfaction to themselves and an ccr growing market for Goodyear. f . In the Island of Sumatra there is a Goodyear Rubber Plantation, at Goodyear and Litchfield, Arizona, are located .Goodyear cotton fields. With Connecticut Good year Cotton Mills, Factories in California and Ohio, an well as sixty-two export branches and distributors in foreign lands, it can literally be said Goodyear server the world. Besides this manufacturing and selling equipment, Goodyear possesses an enormous national acceptance and goqd will fqr its products. This is a sales asset beyond estimate a stabilizer of manufacturing condi tions and production problems. More than ninety per cent, of all truck manufacturers have contracted with Goodyear for their tire needs. Many of these contracts are exclusive. This is also true of sixty-nine per cent, of the automobile manufacturers sixty-nine per cent, of tho carriage manufacturers, and eighty per cent, of the motorcycle manufacturers. Good year s total business with manufacturers, this year over last, shows an increase of more than seventy-six per cent. Over fifty per cent, of all new passenger cars leave the factory'on Goodycars. Over sixty per cent, of all new cord equipped cars are on Goodyear Cords. Over eighty per cent, of all the automobiles to be exported during 1920 will be on Goodycars. Over seventy per cent, of the new trucks going out on pneumatics are equipped with Goodyear Pneumatic Truck Tires. Over thirty-five per cent, of tho new solid tired trucks and trailers arc on Goodyear solids. Over forty-five per cent.' of all rfew a, jnotorcyclesnre'on Goodycars. Over sixty per cent, of all new rubber tired carriages are on Goodyear car riage rubber. Over eighty per cent, of all new airplanes are cfjuipped with Goodyear tires and accessories. Over seventy per cent, of all the other-than-leathcr soled shoes are soled with Neolin. Over seventy-five per cent, of all new shoes equipped with rubber heels during 1920 will carry Goodyear Wingfoot Heels. 4 For the first time since 1903 The Goodyear Tire and Rubber Company arc permitting others than their regu lar stockholders to participate in a stock offering. They have authorized us to offer the unsold portion of a recent issue, in blocks of three shares 2 shares pre ferred, 1 common for $300. This is a direct offer by the company, cleared through us as Bankers. You may give your order to any Goodyear Dealer. The semi-annual statement, just out, bhows that the net earnings of the Company for the first 6 irionths of the fiscal year have been over $11,000,000.00, exclusive of other accumulations received from their subsidaries ex ceeding $3,000,000.00, mnking, a total of over $14,000. 000.00 surplus earnings in tho first six months of this year, as against $9,286,000.00 for the same period of tho preceding -year. The business of the Company up to May 1st, 1920, has exceeded the business of the preceding year for the same period by 59.3 per cent. With profits accruing as rapidly as this and business developing in the manner shown, it is apparent that this common stock has a feature of safety which very few industrial shares pos sess. The preferred stock yields 7 per annum, and the Directors state that they desire to pay nothing less than 10 on the common. On this basis, two shares of pre ferred stock and one share of common would give a net yield of 87c. Inasmuch as Goodyear profits arc dcA eloping as rapid ly as they are, it is not at all unlikely that before a two year period is up, they will have accumulated as much or more surplus than they had before this issue, and its past record indicates that the common stock could go t6,$2S? in a ycar A Purchaser at this time could then sell his common and thus reduce the co$t of hi3 pre ferred to stand him $50 a' share, paying seven per cent, on $100 par value, and would give him a first preferred stock yielding fourteen per cent on his investment. With a security of this description, very little need be said about its marketability. Duo to the relatively small number of shares which have heretofore been on the market, most of the trading in this stock has taken place in Cleveland and Cincinnati. However, under the new plan, there is no reason why this stock should not become a great deal more active in other markets In any event we have never known of any case where it has been difficult to dispose of or market Goodvear stocks. The possibilities for the future seem almost unlimited. The safety and yield of this stock make it classify under Cs 2i SAFE PROFITABLE INVESTMENTS Th. .bov. .laUmtnt. ar, b.a.rf . M.rmah.r, obtain. horn ur. uhch u. r.gard Uabl. mmmmimMWMmEm&FimmmE- Frazier & Co. i& Broad and Sansom Streets Philadelphia, Pa. 'rrnTTTTw ff X 1 Broadway York, N. Y. Pittsburgh, Pa. Wilkei-Barre, Pa. 19 South Street Baltimore, Md. Waahington, D. C. Lebanon, Pa. MS S f. 5tt -OT II JL- ISLAND OIL AND TRANSPORT The recent lilting of thla se curity on the Now York Stock Exchange lends added interest lo the facts brought out in our Special Letter I. O., a compli mentary copy of which will be sent upon request. Marketable securities carried kiioh conaeructlve marginal haaia. Odd Uted BPec,attV. Inquiries in- MILTON HEIM & CO. (Rucccsaora to Ooldb,,. & II,m Mtmb,r. & " . r 1822 Chestnut Street ' U tr, .iu,;,, N. v. Sun Company Cs, y1929 American he R. E. 6s, 1912 American Gas 6s, 2016 Penn Public Service 6s, 1922 Seaboard Air Line 6s, 1945 B0ENNIN .ifiRTUSON&CO. ., tvvn jjj, x'chHDtft Is Your We have prepared a Capital booklet with this title 100 Efficient? to assist those wishing to take advantage of the present low prices of bonds. It contains definite suggestions for 1 investment of July funds. Complimentary Copy an Request rBonbright & Company 437 Cheatnut Street, Philadelphia New York Boston "Chicago Detroit New York Boston Philadelphia New Orleans Pittsburgh Detroit Milwaukee Dallas Salt Lake Cih Chicago St. Louis Louisville Kansas City Tulsa Minneapolis Portland San Francisco Los Angeles Montreal Toronto Winnipeg Vancouver London Paris Marseilles WARWICK, MITCHELL & CO. Accountants and Auditors , announce the opening of an office in Tulsa, Okla homa, in the Kennedy Building, East Fourth and Boston Streets, under the management of Mr. W. G. Haitch, formerly of their Kansas City Office. 1121 CHESTNUT STREET PHILADELPHIA, J'A. '. . Mi n A as .1 fi 'i ' 'IS m tf l 'H " i, I T h i .. - ' : ' K . A. &w.: ...
Significant historical Pennsylvania newspapers