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1 58
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Cty New York
4a of 'BO
3i. i.v 83
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l.....02
Ctr New Torn
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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
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re 4
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Atlanti Knox.
Mile ft C la
4. . 65
Atlantic Cuast
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Atlantic Coaat
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1 . . 07'4
2 .. . 97 4
1 . 07i
3 . .. 0
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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
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Bet ft Ohio e. ,,p fd 4it
1 .. . 884 . . J4
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Bait ft Ohio l 4 n4l
2 ??M I. . Si!
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Clucaico l(.jt.k
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tnterborouzh
Met 44a ,
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Inter borough
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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
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Kansas Cy T'l
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2 034
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08
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Kansas city ft
Bouth'n Ba
4..... Ad
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Kingdom of 1)
0a of '21
2 08 1;
1 .... 084
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3 81
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78
784
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784
784
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70
10.....
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8
8
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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
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Montana PoW
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Bait ft Ohio As
3 .... 58
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Bait a Ohio io
84 4
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84
84
84
84
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84
84 4
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1- KiChlcseo ft
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1 .31
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.'. . . 110
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Hud ft Man M
2 80
1. ..67
Hud ft Mori In
3 104
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"..... 004
111 Cent 4 :J
1 83
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2 85
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I.... 104
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Lone Isl R fd
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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... .
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N.Y N II ft II
cv 34s
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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
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1.. .. 72
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1 82
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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
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13.,. j. 88
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S.i... 80
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rct '22
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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
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1...
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224
224
224
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Avenue
40
40
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. 07
. 07
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08
Union Pao 4a
1 7fl'i
1 784
2 78
B.,.k. 784
1 78U
Union Pao Oe
2 014
6 03
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4 08
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80
80
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80
804
80
80
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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..
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8.
2..
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1..
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.. 80
Rub r 7 a
.. 100
00
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. 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....
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1.
084
08
ft So
Co ov
, 844
, 844
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. 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.
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