Ip"
W ' EVENING PUBLIC LBDGKr-PHILADKIiJfHIA, MONDAY. &UMX ,12, lyO
mi
1 I
t'V-
ir "
'?i
P.!
$
k.
Is
rv ii
, A
Z7
t'
SKA 3-Year
Convertible
if Note
To yield over 9V4
Vq recommend the purchase at
preeent market prices of the
3fc Convertible Notes, maturing-
in 1923, of a strong indus
trial company. Current net
earnings applicable to interest
charges on the Notes are over
,20, times the required interest
jayment. Wo believe the con
version privilege will be of
great value during the life of
! theso notes.
Details upon request.
Hambleton & Co.
Estaliished IS6S
BAMIMOIUl Nr.TT YORK
PHILADELPHIA WASHINGTON
1RAILSSTR0NGIN I
i UNEVENJIARKET.
h
I'v
High Grade Low Priced
Me Security
Payable in Pounds Sterling
Any Recovery in Exchange
Should Increaso the Market
Value of These Bonds
Illinois Central r. r.
Sterling Trust 3's
1886-1950
RATED AAA
' Mortgago Cover Chicago to
, New Orleans
Price and particulars on request
MARTIN & CO.
(411 WALNUT ST
PHILADELPHIA
&
and COMPANY
'k7 Ten-Year Convertible
lioid' Notes, uue
July 15, 1930
To Yield 7.75
We solicit orders jor these notes.
ORE
COSHMAN NEWHALL
nnnAUUlt
MtWYORK
BOUWW
1340 WALNUT STREET
' -""fciMn nwaL ,
MEMBER
..NEW YORK..
HILAOCLPrllA
'C PITTSBURGH
STOCK DCCHANOCJ
PITTSBURGH
rmen
tuiumu
ELECTRIC
STORAGE
BATTERY
WARRANTS
Bought, Sold, Quoted
West & Go.
1417 CHESTNUT STREET
Philadelphia
Member.
New York Stock Eirhnnse
Philadelphia Stuck Exchange
WALNUT STREET
WEST OF 1 5TH
WILL ERECT
FOR
BANKING AND BROKERAGE
FIRM
Modern Two-Story Structure
Heymann & Brother
310 WIDENER BUILDl.NO
Money Uncertainties Had ;
Sobering Influonco on Bud
ding Speculative Enthusiasm
New York. .Tulr 12. Price more-
ment ras uneTen In today, hcultntinfr
, stock market. The one encotiraRlnic
feature from a cdnstrurtlvf- rlfwpolnt
1 waa the ditllnetd which developed on the
rtpcllnpa, which wag areeptfd as a fivor
able omen on the part of those pledged
to the bullish party, and uhfeh refleeted
the complete nb?nee of celllnR pres
sure other than that emanating from
I the professional element.
I l nfavorable conditions In the steel in
rtustry, arising chiefly from frelRbt
conseitlon, and uncertainties attending
the money market were largely respon
sible for the uneven ton. The halting
(character of the market, of course, was
i made the more conspicuous bv reason
tof the striking contrast with the
buoyancy which develAned In tho Utter
I part of last week. It was evident, how.
ever, as the day progressed tht Friday's
iiurrj- in can toan rate to iu per cent
and the rather disappointing bank
statements hnd exerted a sobering in
fluence upon speculative enthusiasm, as
Shown In the vnelllntlnir nrlro flnihi.
tlons and the marked contraction In the
volume of dealings.
There were a few features of
strength, particularly among the rail
road shares. As a matter of fact the
line of demaractlon was drawn more
conspicuously than ever between the
rail and industrial divisions. The
former developed further strength dur
ing the progress of the session, while
the latter showed positive reactionary
tendency, and In several spots, notably
American Woolen, unmistakable weak
neis. Buying of the rails was fairly broad,
especially among the seasoned dividend
paying issues. Canadian Pacific and
other transcontinentals and also the
coalers and various low-priced western
and southwestern shares recorded ad
vances of 1 to 3j points. Reading and
Southern Ruilwaj retained their recent
prominence by breaking into high
ground.
In the general lit an equally heavy
selling movement precipitated losses of
1 to A points. Oil. steel, equipments
and shippings were the first to yield.
Textiles, tobarco and chemicals wero
prominent ninong the weaker specialties.
Call money, in the meantime, opened
at 8 per cent against Friday's renewal
rate of 7 per cent, and that rate was
maintained during the entire morning
mainly because of the much lessened de
mand. It hnd the effect to put a
further damper upon market enthusi
asm as indicated in the lighter dealings
which followed the irregular course of
prices.
Oils, leathers and shippings were the
center of another sharp drive in the last
nour, raus also reacting. The final
prices were near the lowest of the day.
TRADING TRANQUIL
IN LOCAL SHARES
Electric Storage Battery Only
One Shoiving Any Degree
of Animation
In n point of strength and activitv.
Electric Storage Battery continued the
nutstnndin;; feature of the local market.
hile the dealings in the general Iit
were still restricted thev were better
'Motributed. seemingly indicating a con
tinuing widening of interest in the local
shares.
Electric Storaee Batterv started out
with an initial rise of 2 points nt 130.
but met profit-takng. which caued a
cancellation of n greater part of the
gain. The warrants made their debut,
with th urt sale made at 2.T. but the
price subsequently foil off SI to 24.
The limited amount changing hands
would apparently confirm the recent re
ports of n large percentage of the share
holders had expressed a willingness to
take up the allotment privilege.
Pennsylvania Railroad continued to
be in fairly good demand, selling up to
lO'-k. after dipping under the -10 mark.
On the other hand, the utilitv group
vas inclined to sag. Philadelphia
Electric shading to 22, t'nion Trac
tion to 2!). Rapid Transit fell back
to lO1 with one block of 200 shares
changing hands at that price.
There wus little activity in the mis
cellaneous list Lake Superior Corp.
dropped back J4 to 14. Pennsylvania
salt on limited ouenncs yielded nearly
$1 to 6.". Insulated Wire, one of the
recent newcomers, declined V? to R0V&.
American Stores, after dropping to 44,
rallied to U.
Little of anything in the over-the-week-end
developments or morning news
could be found of a stimulating element.
The continued restrictions of the money
market still acted as n back log and
held market enthusiasm in a leash.
Philadelphia Stocks
Empire Ref. tis, 1927
- Gov. of Switzerland 8s, 1910
Hcrshey Choc. 7''2s, 1930
Laclede Gas Lt. 7s. 1929
Phila. Elec. fis. 1922
Amer. Gas & Elec. Com.
Amer. Lt. & Trac. Com.
Gllletto Safety Razor
Republic Rwy. & Lt. Com.
B0ENNING, GARRISON & CO.
STOCK EXCHANGE llt'II IH.Nr.
Dlreet Prlttite Telephone to iori.
.Member, riilla. Stock Exrnsnte
High
263 Am Strs 44 A
16 Am R pf. 33
lOtBald Loco
pref... OS
122.1 El Stor..l30
032 do war. 25
1S8 I Co N A 30 V2
11 do rets
full pd 20
.ViO Lake Sup in;
10 Leh Nav. !V.)T,
107 Leh Val. 44 Vt
10 tMidvale 41! Vs
427 Pa R It. 40
13 Pa Salt.. n.r)s
103 P In Wire ."1
110 Phila Co
cum pf. 33
320 Phil Elec 22Va
203SP It T.. Wh
1!5 Ph Tract 53
do mean g. v.y
ii'.
Low
44
33
Clo
44
33
Net
che
08 08
1271 128
3
NEWBURGER,
HENDERSON & LOEB
Members New York and
Philadelphia Stock Exchanges
1410 Chestnut St.
40 4- s
Bft Ti
OOMi 5j
321 ? V?
22- ii
42y8 i,J
105 ..
tNet ehanse mi!e by rtmparlirm lth last
ill? on New York Stock Exehinee
Total ! 6420 ihirea. compared with
2004 hares Saturday.
nONBS
24
30
20
14
50T?
44V4
42k,
05
506
3214
22
r3
oii
20",
42
24
30
20 ..
143.
IHtti-r
441.
42.
NEW YORK STOCK EXCHANGE TRANSACTIONS
Fates
200
600
too
mo
300
100
SOS
00
mto
1100
J0
300
2300
8100
A00
100
1S0O
3000
1R00
too
3)00
JI00
100
300
100
1300
1C00
200
too
7S0O
200
300
200
100
lt)0
100
100
101
1700
200
(09
3100
200
niv.
mi
A A a Aid V.-xTirnm ..
.. Advance Hurrttly .... JS
Ajax nubber . fltli
.. Alaska Gold Mines... U
1 Allls-Chfllmers
5 Am Agrle Chem J4
s Am Beet Sugar U
10 Am notch Magneto. ..HJrS
.. Am Can
12 Am Car Tay 1W
so Am Dru 8yn ,. "H
Am. Express 12
.. Am Hide & Leather.. HJi
7 Am Hide & Leather pt 2
4 Am lee 2
fl Am ice pf !4
t Am Internat Corp.... 8SU
.. Amer Linseed MJ4
6 Am Locomotive 12J4
.. Am Safety nator My
.. Am Ship & Com 2
1 Am Smelt & Ref 1K
lt Am Snuff loajj
a Am Steel Foundries'.. 38
7 Am Sugar Ref 12S
10 Am Sumatra Tob..M. 9JJ4
8 Am Tel & Tel I SH
20 Am Tobacco 220 J4
6 Am Tobacco pf new., 8TJt
7 Am Woolen t
7 Am Woolen pf U
.. Am Writing Paper pf. 47 ft
. Am Zinc Lead & Sm.. HJi
6 Am Zinc Lead&Smpf
4 Anaconda Copper .... TJ4
4 Asso Ory Ooods ... 33
6 Asso Dry Goods 1st pf 62 .
. Assets Realisation .... 3 K
6 Atch Top A Santa Fo. 81 Ji
. . Atch Top & S F pf . . . 73
Atl nirm - Atl ... 8M
10 Atl Gulf & W I S S..1C4J4
7 Atl Refining 7 pt...!05
Wrh Low
ti 3t
33100 s.jo Baldwin Locomotive. .123 V4
20 7 Baldwin Loco pf 07H
3300 . Bait Ohio 83H
800 4 Baltimore & Ohio pf.. W
310 t Barrett "H
100 . Batopilas Mining .... lri
1401 .. Bethlehem Motors 23
lion 5 Bethlehem Steel Sftft
0010 s Bethlehem Steel B.... 01ft
100 s Bethlehem Stl 8 pf 10T
100 g Brooklyn Edison 83
200 . Brklyn Rapid Transit 11 J4
' 100 . Bruns Term 8H
100 7 Buffalo & Susq 03
300 10 Burns Bros 112
400 . Butte Copper & Zinc. . Oft
210 . . Cadtlo Central O & R. 18
300 . California Petroleum. 32ft
8500 io Canadian Pacific ....12CH
200 7 Case J I 1st pf
100 b Central Leather 67
300 7 Central Leather pf... 100ft
200 a Cenral of N J 203
MOO 4 Cerro de Pasco Cop... H
1200 10 Chandler Motors ....103ft
100 4 Chesapeake & Ohio... 50ft
800 . . Chi & E III Eq T ctfs. 7
300 . . Chi & D I pf K T Ctfs 8
700 . . Chicago & Gt West . . hVi
800 t Chicago & Gt West pf 23JS
3700 .. Chicago Mil & St P.. 30ft
3200 .. Chi Mil & St Paul pf. UX
1101 8 Chicago & Northwest. . 71
100 Chi Pneumatic Tool. . 95
18000 . Chi R I & Pac 38K -
200 o Chi R 1 &. Pac 6C pf. 04ft
200 7 Chi R I & Pao 7 Pf. 7
1000 .. Chile Copper l7i
100 l.so Chtno Copper .... 31
00 .. Clev Cln Chi & St L.. 54 $
100 3 Cluett Peabody 70J$
00 l Coco-Cola 30!4
300 .. Col & Southern 24 Ji
200 8 Columb Gas & Kite. . . 80 J4
1900 l Col Gr.iphophone .... 31ft
100 4 Comp Tab Record.... 40
203 7 Consolidated Cigar ... G6&
600 2 Con Interstate Cal M. 13ft
1830 3 Consolidated Textiles. 30&
00 l Continental Candy ... 12H
3700 4 Corn Products Ref... 96K
200 7 Corn Prod Ref pf.... 10134
100 2.50 Cosden & Co 38
700 8 Crucible Steel 156ft
100 .. Cuba Cane Sugar .... 53 Vt
500 7 Cuba Cano Suear pf.. 79JJ
2400 7 Cuban Amer Sugar... 53
300 .. Debeers 32
600 o Delaware & Hudson.. 90
1900 .. Denver & Rio G pi... 12
100 .. Dome Mines 0JS
100 .. Duluth So S & At !
200 . . Duluth So S & At pf . &Vi
2100 c Endlcott-Johnson .... 87ft
330J .. Crlo 13Ji
1700 .. Erlo 1st pf 21
300 .. Erie 2d pf j 14 H
1700 g Famous Players L.... 81ft
300 Famous Players pf... 90
2100 3 Flsk Ruhber 31ft
630 .. Freeport Texas 23ft
300 . . Gaston Wms & Wig. . 13
290 .. Gen Am Tank Car... 64
200 8 General Chemical ....174f4
100 8 General Chem pf 91
01 8 General Electric 112H
18700 l General Motors ctfs.. 26 Ji
100 e Gen Motors deb 6.. 72 H
200 7 Gen Motors deb 7.. 85JS
1100 6 Goodrich B P 03ft
100 7 Goodrich B P pf 8S
100 .. Granby Consol M & M 37!?
900 7 Great Northern pf... 72ft
100 2 Green Cananea Cop... 31
100 .. Gulf Mobile & Nor .. 13?
100 . Gulf State Steel ... . 01ft
100 7 Hartman Corp ... .82
2100 4 Haskell & Backer Car 76ft
100 .. Hendee ctfs 32 H
700 .. Houston Oil Co 100
400 i Hupp Motor Car .... 17ft
500 7 Illinois Central 82 H
800 60 Indiahoma Ref 7
COO 4 Inspiration Con Cop.. 52
700 .. Interborough Consol.. 3
200 .. Inter Con Corp pf.... 11VS
200 .. Int Mer Marine 33ft
600 e Int Mer Marine pf... 94
200 .. Internat Motortruck.. OIJJ
200 . . Int Mo Truck 1st pf . . 81
2200 .. International Nickel.. 18ft
200 7 Inter Nickel pf 81
9300 .. International Paper . . 87 X
19200 .. Invincible OH Corp... 46ft
300 .. Iron Products Corp... 40
5100 .. Island Oil 7ft
35,4
63
m
37
86J,
S3M
U8ft
41
137ft
11 H
lft
17J4
88 ft
42
59 ft
80ft
80
100
1AJI
24 ft
6114
IMft
!AH
126 ft
91 ft
03
23.
87 Ji
80ft
94
47
lli
40
56H
35
62
3
80 J4
73
8ft
13S
104 ft
119ft
97
33ft
3
143ft
ft
22
88 ft
8 H
107
85
lift
6
65
HIM
8J4
18
31M
123ft
93
64
08J',
203
43ft
101
55
7
7
84
23
34 ;
52
70
93
37ft
64 ft
74
15H
31
54
70ft
30
24
50
30ft
9M
66
1214
34 .
12 ft
93 ft
101ft
38
151ft
51ft
78 Ji
61
31 ft
80 H
UK
Oft
4ft
8
85
12 Ji
20ft
14
79ft
88ft
32 f,
23 ft
12 H
63 ft
174
94
142
26 ft
72 H
83 ft
62
88
37ft
71
31
13?i
61ft
82
73 H
32 ft
93
17
82
7ft
51
3ft
10?
32
93 ft
61
80 Ji
17J4
80J
8 ft
3
5ft
Oft
5i
ft
ft
8ft
8
14
1
i
i
H
ft
Today' Net
Clone Chse.
34ft- ft
any ,
63 -1K-37
-86Ji-9ft4-
118M4
41 -
137ft-Uft4-
142 -17ft-
88ft- Sft
42-1
89ft- 1ft
86ft- 2
80 - Jft
166 - 3
16 - ft
2ft- H
63ft- ft
10Sft4- ft
38ft- H
128 - 1ft
91ft- IK
6ft- H
228 -87ft-86H-9
-47
-
lH-
19
622
3S,- ft
80J- Ji
73
8H H
15S - 6
105 - ft
110J4-. ft
07 - (
33ft - ft
ft ft
145 -
t'4
22 -
8Sft-
S&H-
197
85 -lift
6H4-
65
lll?4
8-
18 - ft
31 H- 1ft
123ft 4- ft
02 - 1ft
64 3ft
98ft- 2ft
203 4- 3
3ft-
101 - 1ft
55ft ft
7 - ft
7ft 4- 1
23 J? 4-"ft
31ft- ft
53J4 1
70-1
03 a
3734 ft
64ft 4- ft
7 4- ft
15J4- 1ft
31 y3
54
70ft
30 -24
-56
-30H-49J4-66
-13
-34
-12
ft
94 -
1019 1ft
38
152ft- 4ft
51J4- 1ft
78ft -H
51- 2 Ji
32 ft
90
11 X -
9Ji
4ft 4
6ft 85 -
12 ft
20ft 4-
14 H
80 ft
80 -
321-
23ft- 1ft
li- H
Sale
100
3800
1100
100
500
800
160
I960
1160
200
1700
70
100
300
100
8300
300
Dlv
in
3 Jones Bros Tea ,...,. 23 Ji
.. Kan City Southern... 18H
4 Kelly-Spg T 113 Ji
8 Keliy-Sp T pf..,loo
3 KenneCott Copper .... 36ft
1.20 KeystBne T & R 29M
7 Kress S H pf 101
Lackawanna, Steel ... 77
.o Lehigh Valley 44 H
7 Liggett A Myers pf...l00
t Loewe Co 36ft
.. Loft Corp 16
l IOose-Wile Biscuit.. 50
4 Mackay cos pf . . . . , . . 66
. . Maxwell Motor 24
10 Mexican Petroleum... 1MH
Miami copper 21 ft
Today's Net
Hlth Low ClOte Cnse.
M00 1.66 Middle States Corp... 23 H
Ui
lft
1ft
2
ft
Oft
' ft
ft
ft
ft
ft
lft
Ji
ft
1
Ji
2jfc
2K
ft
ft
ft
"ft
"ft
ft
IJi
63 ft-
174 Ji
04
!J4
142ft-26ft-72J4-85Ji-62ft-88
37ft
71 -
31 -1334-61ft-83
73J4-32ft-93
-17
-83
-
7ft
51 -
3ft-
loji-
32 -
93ft
61 -80J4-18ft
803i Sft
4334- ft
45ft- jj
'
lft,
Ji
H,
"ft!
1
ft
2ft
lft
0
ft
ft
ft
Ji
ft
ft
a
5S
ii '
Total eales. 782.500 tbarea. compared wlth337,500 shares Saturday
800
1800
706
106
4060
5300
400
400
200
3900
390
106
100
600
100
100
200
3900
100
100
100
7700
1300
100
1700
700
800
200
190
2900
400
8090
1900
160
500
100
200
300
400
6200
400
300
7400
200
600
500
200
2100
200
400
100
32500
200
200
6760
200
2400
2200
14800
1300
2200
100
500
600
100
900
709
1300
530
7000
40500
1700
25
200
700
500
0700
6700
100
600
3300
2500
2100
100
1000
100
2000
200
700
300
2000
300
2300
200
1100
300
100
2100
800
100
400
1000
1700
7S0O
100
200
20000
600
100
6000
100
400
1500
900
4290
200
100
500
300
600
300
30u
390
700
200
900
199
400
:oo
400
600
600
4 Mldvale Steel & Ord.. 42ft
...Minn A St Louis .... lUft
.. M6 Kansas A Texas.. 7ft
.. Mo Kansas A Tex pf. 10ft
.. Missouri Paclflo iji
.. Missouri Pacific pf..i 45ft
1 Montgomery Ward ... 34
3.50 National Acfe 84 Ji
4 Mulllns Body 41ft
.. Nat Onlllne A Chem.. 81 Ji
7 Nat Am A Chem pf... 94 Ji
7 National Biscuit pf...l05
6 Nat Enam A Stamp.. 714
6 National Lead 78
1 Nevada Con Copper. . la
..NO Tex A McX 35
10 New Y6rk Air Brake. 161
s New York Central.... 70 Ji
.. New York C A St L.. 30 Ji
1 New York Ont AW... 1
. . N Y Chi A St L 2d pf . 49
. . New York N H A H. . 33
7 Norfolk A Western... 91 J4
8 North American 68 J4
7 Northern Paclflo 73 Ji
5 Nova Scolta SAC... 65
.40 Okla Prod A Ref 4 Ji
.. Ontario Silver Mining 4Ji
3 Otis Elevator 130
.. Otis Steel 26ft
4 Paclflo Level Corp. ... 49
6 Pan-Amer Petrol ...,196ft
7 Pnn-Am-r B 99ft
4 Parish A Bingham... 34ft
3 Pennsylvania R R. . . . 40
.. Penny J c pf 03
.. Peoples Gas Chicago.. 35
.. Phillips Pet 42Ji
3 Philadelphia Co 36ft
.. Pierce-Arrow Motor... 54ft
.. Pierce Oil '10
5 Pitts Coal 66ft
. . Pcre Marquette 26ft
3 Pressed Steel Car.... 100ft
.. Pittsburgh A W Va.. 31ft
8 Pullman 117
5 Punta Alegro Sugar.. 101
.. Pure Oil Co 42ft
1 Rwy Con Copper 164
8 Railway Steel Spring. 99
7 Rwy Steel Spring pf.,100
4 Reading 93ft
2 Readlnir 1st pf 43ft
2 Reading 2d pf 45
fl Republic Iron A Steel. 96ft
. . Remington Typewriter 70
. . Replo Steel 89ft
8.20 Royal D N Y rts 114 ft
.. St Louis Ran Fran... 26J4
.. St Louis Southwest. . . 17 Ji
. . St. Louis Southwest pf 28
1 Santa Creclllu Sugar. 23ft
.. Seaboard Air Line... 8
.. Seaboard Air Line pf. 13 JJ
8 Sears-Roebuck 190
. . Saxon Motor 10
.74 Shell Transport 76ft
... Sinclair Oil 32
0 Sloss-Sheft 74ft
6 Southern Paclflo 95ft
.. Southern Rail 39ft
6 Southern Rail pf 09ft
20 Standard Oil of N J.. 650
. . Stan Oil N J pf prt pdl05
7 Stand Oil of N J pf..l05Ji
4 Stewart Warner Sp.. 42
4 Stromberg Carb 05Ji
7 Studebaker 76
6 Superior Steel 62ft
.. Tcnn Cop A Chem.... 9Ji
3 Texas Co 4714
.. Texas A Paclflo 43ft
6 Texas Pao Coal A Oil. 6134
.. Third Avenue 11
6 Tobacco Products ... 71ft
7 Tobacco Products pf. 89ft
.. Transcontinental Oil.. 10 J,
2.50 Twin City P T 31
8 Union Bag A Paper. . 92
.. Union Oil 31ft
10 Union Paclflo 116 ft
4 Union Paclflo pf 05i
. . United Drug rts ft
.. Un Drus Co 1st pr. 45
12 United Fruit 205
.. United Rwy Invest... 10ft
.. Unl Rwy Invest pf... 21ft
8 United Retail Stores.. 80ft
.. U S C I P A Fdy lRft
o u o is l i' & Vdy pf. . 17ft
e u a ooa iToaucta
BUS Ind Alcohol . .
..US Realty A Imp.
8 U S Rubber
8 U S Rubber 1st pf.
6 U S Smelt A Ref. .
BUS Steel 84
7 U S Steel pf loft
7 Utah Copper (isft
a Vanadium Corp S9Jj
6 Va Iron Coal A Coke 107
4 Va-Carollna Chem.... 73ft
2 Vlvadou Ino v toft
.. Wabash 0
.. Wabash pf A 201;
.. Wabash pf B 17
.. Welle Fargo Express. 53
.. Weatern Maryland . lot,
.. Wstn Maryland 2d pr.. loft
.. Western Pacific 30J-J
. . West Paclflo pf 67
7 Western Union Tel... 81
4 Westlnghouse E A M. 49ft
8 Wlckwlro Spen Stl Cor 3t Ji
. . Wisconsin Central . . 27
.. Wheeling A L E liji
.. Wheel A L E pf 18
4 White Motor 52ft
1 Wlllys.Overland 19ft
5 Wilson A Co coft
8 Woolworth P W los
o wormington Pump .. ',3
23ft
18
109
160
36
37 H
101
76
44
9
2ft
"ft
50
39ft
34
187ft
21ft
31
aft
"ft
38
4J4
33 ft
34J4
40ft
81ft
4 ft
165
70
77
18
35
99i
70
30ft
19
49
SO
80K
5834
. '0ft
. 91ft
. 59 ft
.102
.108ft
59 ft
Ex-dlvldend.
33 Ji
18x .
169 - 834
160 3
26ft ..
37Ji- H
161
75-2
44 14
99-1
28ft-
15ft- Ji
803
69ft- ft
fslft-9,,
31ft- !
3l' Sft
42ft- Ji
14ft ..
7 ft
"ft- 1
2634 X
45ft 3
341- ft
46ft- ft
81ft-3
4ft- Ji
105
70 - 2ft
77-2
13
85 ft
99 Ji- lft
70
30H- i
10 4- U
40 3ft
31 - Ji
9Ui 34
6834 Ji
7314 72ft- 34
55 55 - lft
4ft 4Ji ..
4Ji 4Ji- 3ft
13Q 130 - 3
23ft 25ft- lft
40 40 - 1
loaji 102J4- 3Ji
90ft 66ft- 3
31ft 31ft- ft
30ft 40
92 93-1
35 35
42 Ji 42Ji- 34
30 36 - IJi
52 52 - 2ft
15Ji 15Ji- Ji
69ft 59ft- lft
25 25 - Ji
190 160 - 1
31 31
110 110 1
90 99 3J4
41ft 41ft- IJi
1034 1634 ft
98 98-1
100 100 ft
90ft 01ft- 1
43ft 43ft- ft
45 45
03ft 83ft- 3
89Ji 69ft- 3
85ft 95ft- 4ft
112JS 112J4- Ji
26 26ft ft
10 16Ji Ji
26J4 282
23ft 23ft Ji
7Ji 8 Ji
13ft 13J4 34
199 199 - 1
!lft 10 - ft
76ft 75ft- 1
31ft 31ft Ji
73 73 2ft
91ft 94ft lft
28ft 29Ji 'A
38Ji 661
650 650 6
104 ft 104 Ji 2K
105 105 Ji
41 41 ft- Ji
0ft 80ft 5
73ft 734- 234
52ft 52ft -J ft
034 0ft- ft
46ft 46ft- IJi
4134 42 ft
56ft 50ft- 3i
11 11 - 1
69J4 69J4- lft
89ft 89ft . .
16 16 - Ji
31 313
89 89 lft
31 31
115ft 1153i- ft
61 Ji 64 ft- ft
ft ft
46 4b Ji
200ft 203 4ft
10 10 - ft
21ft 21ft- IJi
78 78 - 2J
18ft 18ft ft
47ft 47ft ft
08ft 08ft- 2ft
OIJi 02 - 2J4
58 59 ft 34
98ft 08ft- 3 Ji
168ft 168ft H
69 69ft- ft
92ft 02ft- 134
107ft 108 - ft
08ft 88ft 34
85ft 85ft- 4Ji
73ft 73ft- ft
18J4 19ft ft
J4 8ft- H
25 25J4 1
10ft 17 lft
68 53 - 3
10 10 ft
16 16 - 3
28 Ji 28Ji-lft
00 073
81 81 - Ji
49J4 49ft- Ji
30 31ft ft
26ft 26ft -lft
l .H
32 63 IJi
18Ji 1834 -1
60ft 69ft- JJ
107 ft 108 lft
30ft 70Ji-3Ji
Now Yprk Curb
Acme Cost ......
Aetna kxdios
Amn Hrake Sh
Aium .Mtt ....
Amer Candy
Amm i-nicie
INDCSTRtALS
ilish
. . . . 10
hoe ....... 68n
22MI 22
. . .. 7J4 .7
I tnil ill
Amm i-nicie pt ..., 07
Armdur Leather 15
ArmAiie .,!, e 01
Br tlth-Amet Cnem ei
Brit-Amer Tob rer 14 1
Brlt-Amer Tob coup .... 14
Car-Lltht a
Columbia Emerald 9
Conley, Tinfoil 4.;., as
Dominion a H Cn ...''.' fin
VKmpIre Steel .. 28
ireitone. Tlr lat)
r arret r?nl
Gardner Motor ,,.,, soti
General Aenhai .."::::
Orape Ola pret ..,, 2
Ouantanamo 8uar ..,,.. 24
Hercules Paper ...,.....! 20
Heyden Chem ....J...?,, s1
Lucey Mf .-..,..;. .1"
iY& t1."1 "".
Mfcra Llcht
North Amer Paper ......
National Leather ........
North Amer Paper 1..?...
Perfection Tire ...."... . .
Hadlo Com ....... ....'
Jtadlo Compf .... .
.J10'. '
submarlno Boat
swift International I."..
Times Square Auto
& tMm.hfp,:::::::::JM,:
Low Lat
Oi 10
53k 09U,
ft W
o 0J ,
Ji 154 lBJi
iZ ail. nil?
( le uy,
I M 14
24H 25
2H 2H
7 7H
65 60
28 28
14K IBO
83H , 34 .
'!IV VH&
74H 7S
20H 2I
89 88 88
6 8 S
J? lifji 18
1 "I "
24 2A 2(4
liS if 1H
274 2H 24
?JH au nw4
fo "Vl
S4U un i
180 is
World Film . .1, ,...'.'' -84 67i, es.
::x:::::iii:J "f &
STANTlAnn ntT a
gtandard Oil of Calif ... sm si
Standard Oil of NY so? SJ5
INDEPENDENT 011
Atlantic Gulf io
liooneoii as
Boston Wyomlne , VS.
Carlb Byn ihB
Cosden a Co .......... ?
tushtne Pete iff
dominion oil .. iJ2
Uuquesne 4
K1IC UAain P, S
Engineers Petrol .!!.'!;;!; ? tt
2
26
80
8tt
1
federal Oil
Olenrock oil ...,
Uuftey Gillespie . .
Int Petrol
Kay CoiintV tlam
Livingston
Lone star Gas ..
Lanca Creek
Manhattan Oil .'.'.,
.mrucaiDo uu
'54
28
'i
35 U
l-
.
.:r-"T"'v.' 2H1.
errui u 7n(?
.inoH
1
10
26H
'
33
27 J,
"
I
315
31) 4
27
80
M
IU
10
4
8
23 4
U
33
IS
.Midwest Kef
Mtx Pan
nn
W
;.l!i
UK
201,
10,
. 12
01
atlonal oil" nV" m ' t "
Omar nil ?vs
Okla. Nat Gas ,',','. 37:
Pennok Oil . si
Pittsburgh Oil .,.......; 14T
Irodueer & Renners...... hi
lloval Ilillnh ... '..
Hyan Con,:::.:y ao"
iirn'mM.:.--1-
Ukelly Oil .....'."" ii.Ti
Superior Oil ..........' ' 171!
SUDOIior OH ret ti
Ta d.a r.i : Y
Texas lUneer .......
Tropical OH
Vulcan Oil
White Oil ..........;
Western States .""
Wensland .....',
MININO
Alaska Dr Columbia 1
Atlanta (il
Alavardo ..." u?,
ltelcher Dlvld 8
Booth 1 . r.
t 4 .Mont " l
Caled Mining '" 23
Calumet ft Jerome ...I. I H
v.uimcinna .Mining
Cortex Sliver
Cresson Gold . . . .
Dundee Arlj
isi tjntvador i"
.,".75 Croesus U
Gold Cons .!!!... 10
Gold Deiel 7
Gold Zone iS
Hecla Mining ..'.' 2
Iron lllosson- jL
Jumbo Extension B
Louisiana Co ti
Mothorlodo new b.
McNamara jl
.Marsh Mining ""' 11"
Mother Lode .,.,. At
Murray Mog ' 7n
North Star a
NiPlssIng h
Rex Cons 7
Hochesjter Mine 10
Hllver Klnr of l,i. 3t
gllver King DIMde 3
S Silver Lead .
Success Mining 4,
Tonopah Uelmont ! ii:
Tonopah Divide '" il
Tonopah Extension ...... til
Tonopah-Jlm n 13"
Tonopah Mining " ia
Tonopah Rescue Eula ... 14
United Eastern .......
West End C . jV
Yerrlneton .. !!1 !!'.'.'. I'.!'. 3
BONDS
Allied Tacker fls 70K
Angio-Amer Oil 74s 0014
7,i
27
iu
148
10
Ti
314
28i
17
10
UIH
20 H
15
.A
l
i6u
10U
15
2
3
31 i
.01
l44
'
31
ii
18
10 J4
21 i
s
10
V4
11 w
Amer Tel 6s of '22....
rmour is
Berlin 4
Bremen 4s
Bremen 44 s
Chicago Northwest 7s..
French 4s of '17
Goodrich Tire 7s
German Oen Elec 44s..
Hamburg 4s
Hamburg 44s
034
01',
25
28
27Ji
100
60
91 ;
20
Commodity Markets
.
- f-,A .. pr. ' n6
ij in J rac iM'n
1M l U 1... 'l-'4
10 Un Cos N
Jer ...165 16-")
lOtUS Steel 03 o:its
e ta In
tioho Ilirb lAW
'-:. ... a aj 00
88
Close
88
Net
chre
Se.
St.
o
Vlevlnla Hsllwuv A l'mtrr
vj Vorlland Hallway Comiun
iX. itli!l'oll Trac. A Terniln.il
ji x. rjillsdflplila llapld Trunelt Co
k XTleewater Tourer Compuny
EX " lafcurbau (las Co. I'hlladelphln
rJ.ioa Service Co. lot
K.','i Paertomilpl K. Phillina X On
w ' :-- - - ....-....., . v
,fy:6,lr'i,TN,T.E"h""
f, .With the ttf
19.11
1930
IUJ.1
. j7
liU. lOA'J
0. 1830
V
i
forelsn rursentnitiM u-alt
lilmlth Jnlly. throughout Houth
After .wlnnlflgotatlon of weil-esUN-
tf basis. niffearei
week,
,'J City 4s 1046
q t Ah h rwnv
cens 4s. 83 S3 SSVa-S
1 Lehigh Val
gen 4s... 61 01 61 1
15 Lib Bonds
4th 4V4s. R5.00 fi5.no R5.no .10
7 3-5 Vic 4s. 05.08 05.S0 05.60. 10
1 2-5 Nat'l Prop
4-0s 4 4 4 ..
5 Penna II R
temp ctfs.102 102 102
2 Phila Elec
1st 5s.... R2 82V. 82V$- V
1 Reatl'B K 4s 70I 7flI 7fll
Total, 144,000, compared with 173,300 Saturday
trying to cancel purchases of oats made
at iNcwlork.
CHICAGO BUTTER AND EGQ8
Chicago, Jltv 12. BUTTER Steady.
GRAIN MARKET
Chicago, July 12. Heavy selling de
veloped In corn and broke the market
sharply toward the close, after it had
been generally strong. For a good part
7f i of the session, the market was bullish-
1 IUUUCUVCU uj iuuttw .wi.w..t. UWWMV
black rust In wheat in the Northwest.
Late In the day, It was contended that
the rust news was exaggerated. The
market was very sensitive to all Infor
mation from the northwest and changed
rapidly.
Further reports of rust In the, North
west, kent the early market strong.
Scattered profit-taking by longs led to
temporary reactions, out me ncmana
woo excellent and as dlsnatches from
the spring wheat belt, telling of the
infection of the plant Increased In the
afternoon, selling pressure was cneckea.
One authority said that telegrams
complaining of rust were coming from
very wide areas and that he expected a
serious condition to develop. However,
In some quarters It was contended that
tfc mat netrs wan being exaggerated.
The market was very sensitive to all
Information from the Northwest and
changed rapidly on small orders. Late
In the day, trade was quieter.
Crop reports on corn were favorable.
Farm labor Is plentiful and some sec
tions are turning workers away. Re
ceipts of corn for the day were estimated
at 285 cars.
The East reported that Argentine
corn was being offered freely without
takers, although private canies rcporicg
Argentine corn firm in the United
Kingdom. , ,
Oats were dull but strong In the main,
TVMlt .tnkinr led to reactions at times.
but offerings were lacking. The market i
was helped by the jump in corp, trop
.... tn Aflfs icns fnvAfnViItt Km lt
rSt'WeiJ1 l?rn ra,nl follows:
Corn (new dellery
Ooen Tfleh Ta. -,..
Sept. ... ljm4 ij isR4 lToSVi
Deo. ... 1.41 i 47U i,;u 1.42II
oats
Sept. ... JI", S24 go go
Dec. .... 70t, 804 777- 7,f-
l'orK
July . . .
Sept. . . .30 30
Sept.
tlbs-
July ..
Sept. .
Bid,
Pat.
close
1.B0T,
804
Pt. ... 3
Lard
pt. . .10 63
HI
2 30 28 30 28JS0 28,80
30 S3 3U.27 30S7 80 80
20 10 10.70 10.70 19,83
17 00 16 77 16 77 16.8'S
17 00 17.03 17.67 17.77
COTTON MARKET
New York. July 12. The covering
movement which began In the cotton
market on Saturday was continued this
morning with the result that first prices
were 20 to 40 points higher.
Liverpool was a good buyer, and local
ond Wall street shorts covered freely,
owing to bhowery weather In the South
and strength in cables.
Later the list worked off about 25
nolnU from the ton under southern sell
ing and was steady at about 15 points
net advance.
The market maintained a steady
undertone In the afternoon, without in
creased activity. The official weather
details showed light to heavy general
rains in the states east of thu Missis
sippi river ranging up to more than
two Inches. Bouthwestern spot ln
terests were among the buyers of Oc
tober. The exports were 1451 bales, Includ
ing 135 bales to Great Britain, 800
bales to the Continent and 506 bales
to Japan and China.
Clearances for the season to aate
were 0,225,018 bales, compared with
5,244,510 bales for the corresponding
period last season.
Previous
BANK LOANS REDUCED
Liabilities of Clearing House Insti
tutions Lowered and Reserve
Strengthened
The weekly Philadelphia Clearing
House statement reflected a materlnl
reduction of liabilities by the member
banks and a corresponding improve
ment in reserve position. Loons and
discounts last week i ere -reduced $0,
805,000, while individual deposits fell
off $17,88-1,000, but bank deposits in
creased $3,725,000. The rescrvo in the
tied,n nrS'Ti.' 1an!f, waB Increased
$1,120,000. The combined result was
raising the excess reserve $802,000,
bringing the surplus above legal re
quirements up to $2,000,000.
Details follow :
ALL MEMBERS
Kcnnecott Copper ' 7s'. '. '. '. ". 03 5
Leipzig 44s 072
Lelpxig 0s So71
Sinclair 74 074
Swiss 8s IC'Ri
Texas Co 7s ;. oT't
West Electrlo 7s . . . 98
14H
3
f
(10
23
4
no
'a
10
7
6
13
4
B
s
Bi
11
B7
711
3
?',
10
37
3
'1
4
!
1'i
13
ll
24
10
8
704
00 K
ta.
111 '4
24 74
28
27i
no'4 ion
SO'. 60
PJH 04
20 29
2S 25 i
03 4 934
274 27 4
iu nil
UTJ 07
lOlii 10:
07 J, 07
97 1, 08
1
."
14h
S
61 )
23
4
61
10
7
0
13
8
H
04
11
B7
7B
B
-ft
10
37
3
4
Hi
J
i
2
ii
3
704
01)
034
IMt,
244
28
27
an
074
024
07 H
"r- ."? - f.' I. ,.' I.IU1V
mam.m nn rtnr' wim Tnvnrnnin. niir ihsit
ucnD . . j. ,-."t .-- - , ; IW34.
Loans
Exchanges, Clearin
House
Due from banks.
Bank deposits . .
Individual deposits
Time deposits .
jieeerve witn r n
u. and legal depos
itaries Cssh In vaults
Total reserve helri
Reserve required
excess reserve
July 12. '20
1748,376,000
28,708,000
110,090,000
138,010,000
383,830,000
7,738.000
55,897,000
1 a, 823,000
36,807,000
51,117.000
,0110,0(10
Decrees
ltl.8il5.000
10.434,000
6,214,000
3.728,01)0
17,884,000
134,000
1.120,000
470.000
1.118.000
228.0UO
sir) non
.Mbjiucno itESERVE STSTEM
TRUST COMPAQ NOT MEMHERS ' RE.
Reiervo held . 8,202.000 603 000
Excess reserve . . 181 000 ssa'nnn
In addition to the uii ,. ...?i?J
were this week J2.3.o5fi fm:. " '
s. against' which no restn. V: .1
close Open High Low. .?'"
.an.ss Bti.ns 3ii.ni nn.Du hj.oj
, u Ot'.aO DIF.OJ fll,,IJf OI'iH" jf.m
,? 88.14 8S.B0 8S.60 88.17 88.85
, 81.61 81,00 81,90 81,80 81,70
aulred1.
Increase,
no reserve Is re.
LIVESTOCK QUOTATIONS
Chicago. July 12 cat-it t- ,.....
17,000 head. Yearlings and desirable Thandy
weight steers, nrm: other. m.ii..15.?..,.;
Bulk. I13I16.80i butcher stock steady, bulk
cows nnd heifers. 17.25(Jll: bulk Sin,,.
t4.2304.73i bolcgna bulljJtrongi bulk to IB
7: calves slov. oractlcal top, 114': be5
"'fc'g yone: "'hers uw to steady
HOOS Receipts. 42,000 head: better
grades steady. lOe lower than Saturday"
average; others most y steady Tod 1 in
16.35 bulk. 250 pounds and over Il8 600
!B.7Si pics. 2Be higher, bulk of desirable
kinds. tl3.2514. " ae,,raoie
SHEEP Receipts! 15 000 head. Strong.
First sales strong to 23c higher. Ton nativ
lambs. 110: bulk tl53lO?ewe.t?rPn lew
algheri top ewes. 8.50 hulk. t7.308,S0.
Knst Duffalo, N. Y July 12. -CATTLE
Receipts, 8000 head: good tteady to 15e
higher. Shipping steers JlrtH? 16 75: butchers
tnl5.B0: yearlings. $15ltl 60 heifers 47
13: cows. 18010 50, bulls 16 10: .tie"
era and feeders teglO. fresh cow. and
jiOOS lterolps. 6400 l.nd Oood ateailv
to 2le higher: light, 15 a 23c lower: heavy
Iinffil0 75: mixed. 1717.25j Vorke'
tl7 23017.40: few. 117 50. light do tie
u"s!. t8lO,.1578'&,la rUgh"- Vl2.TBei8l
8HEEP AND LAMBS RecelDts 1400
head: lambs. BOo higher. Lamb.7 8l7i
yearlings, itwin; lew. fx, wethern IRKri
(80: ewes. tattS. mixed h.. iSlS'o i?'00-
East St. Tionls. III.. July 12. CATTI.Te
Receipt.. B000 head. Natlie Tteeri slow
Oklahoma steers steady, lower undertone
job Dieers. . buui, 11 '(l yearllnr
lFi onH helfera. 2So h(h. "Lear,lng
-.--.- H.. i--;";-i---. .......v. , vunner rnw.
'
ltnnc n.iftinta anon t.. n.
ohade higher. Top, tin 55 hulk, iifit and
medium. weights. 110.83816 BB-bua
heavies, tlB o618.2B. .oo. bulk
SHEEP Receipts. 4300 head Inmh.
strong to shade higher: sheep steady ??S
Iambs. 115.60: bulk. I14.60O15.50, too ewY.P
tu, bulk, 'ts.n.oeu. ' ,op ewe,
FOREIGN EXCHANGE
w York, July 12 The European
excnanKes wore quiet anc unchanged
at the opening of the foreign exchange
market this morning. Peseta cables
were up 6 points and markB were off
Quotations were:
Demand sterling 3.94H, cables 3.9Stl
franc cables 11.83, checks 1 i?8S li
cables 16.55, checks 16.57: jjiti.n
cables 1106, checks 11.07; SM caBie"
5.54, checks 5.56; guilder cahles 35
checks 35 14 ; peseta cables 16 20. cheeks
16 15; Stockholm cables 23.20. checks
22.15; Chrlstlanta cables, 16 76. check.
1C.C6; Copenhagen cables 18.65. cheeks
tv.uu, uininp t,,tb.
SATURDAY'S FINAL QUOTATIONS
Sterling; Francs Lire QuIM.r.
Demand ... 8,041,1 11.80 16 92 a?w
Cables .. ..3 9514 11.78 10 50 85S
iuuftia uriunim vjuuiATIONS
. 3 954 11.83 16.55 86tI
NOON QUOTATIONS
steers and heifers. 25o higher, cinner cow?
Heady at t875430. bulls, strong eal?e
2Vs higher: good and choice flers? "ft
Demand
Cables ,
DANK CLEARING8
Bank clearings today compared with cor,
responding day lest two years: r
102O laio ....
5I2'S22-220 7t.4B6,108 86 7a7 0SS
':8S:8H5l i2?.:?2? m
Phils
CrffiVillns7ttlai ' Receipts. IS.OtWI esses cash article was firmer. Ilrcelpts of I Dee-,,.. Jl.'Ol 81,00 81,90 J.2i'jg N. Y. .B.J5.751 495:000:202 48s:2?7:b61 Ten BankO In Tien Tain Close,! "" mllesge on gasoline, 80 more
OTS?.084T4,V2V;o?itnirr.cfr.t.. 'weiTei'Vt oats for the day were estimated at 120 n,., ao.oo 51.50 ji.no JM'S -.Jngfton ".Ms.m m.sjmoi jfll JS '" " "; '" ' n V"" c od horsepowr. Approved by expert
Demand
cable. ,
Demand
Cables .
8 044 11.87 1
8.05V4 11.85 16.65
.yre QuIMers
Sot.
16.57
CLOSINO QUOTATIONS
8.e5,'Jnr V.5S Ji,r aullderi
tr witf 44IIV 4VU.DJ Hn
,... 3.944 11.88 18.58 33
If
nil! iiifl iriiiiiniiiiiiua
wrtiffi11
A Giant in Being
If one had prophesied the growth of tho
Canadian pulp and paper industry, it might
have been called an enthusiasm bred'of folly
tho "Idle fancy of an idle brain."
Yet those who sensed its possibilities have
reaped a wonderful harvest from their in
vestments in it as the progress of Abitibl,
Laurentlde, Brpmpton, Riordon and Spanish
River has demonstrated.
Yet the industry Is, if not in its infancy,
'scarcely beyond adolescence. Giant strides
are still to be made; and those who travel
the now paths should profit almost as much
- as those who blazed the early trails.
If you would aharo In this flrowth and In tho profits
still to be, write and wo will advlso you when, and In
what, to Invest. Address: ss
AOENCY'OF ,
Royal Securities
X CORP ORATION
(CANADA) .
LIMITED
1fiR RRDAnuVAV . HFWVrBU
MM MM Mrf.,M-sV 'iAukiua.ffVjj
DEttl
NKW YORK
CHICAO
rHILAOILPHIA
DETBOIT
CLIVSLAND
BOSTON
saint loui
baltimorc
pitt.buroVi
SAN rRANCI.CO
LOB ANOKLKB
BUPFALO
CINCINNATI
HASKINS 8i SELLS
CERTIFIED PUBLIC ACCOUNTANTS
cablk addrxss "hask8klls"
" Executive Offices
469 FIFTH AVENUE at 40th STREET
NEW YORK
NCW ONLSANS
BgATTLK
KAN. A. CITY
DKNVCR
ATLANTA
DALLAS
TULSA
WATERTOWN
LONOON
PARIS
HAVANA
' BMANQHAI
Announce that they have opened offices
in Shanghai. Havana, and Paris, as follows:
j
Shanghai. China (April l, 1920). 131 -Sice
huen Road. Manager. Mr. Henry s. DeVault.
from their New York staff.
Havana. Cuba (July 1, 1920). national
Bank:ofCuba Building. Manager. Mr. Julian
L. Barnett. from their New York staff.
Paris. France (July T, 1920). 49 Rue de
Provence. Manager. Mr. Howard p. Garner,
from their, New York' Staff and latterly
Chief Accountant for the United States
Liquidation Commission.
JULY i, 1020.
A time for
sound investments
It is not necessary today for the
investor who desires to increase his
income to turn to speculative ven
tures. A very unusual opportunity pre
sents itself right now to obtain very
high interest return on the most con
servative investments, either stocks
or bonds.
List of securities
furnished on application
GEOKE5HDBICK 3nT 5 CO.
Ii31 WALNUT ST. , PHILADELPHIA.
u lumbers tftw York nd rhUa-
OCIPUUI DIQCK t,VUuv
m
Ttltphenetl Belf Spruce 0420
Keystone Usee 1138
nmilMRnillllUlllllllllllllllll
Exempt From Federal Income Taxes
Tax Free In Pennsylvania
$50,000
Fayette County, Pennsylvania
4 Registered Bonds
Dated April 1. 1016. Dus a. below.
4j.u . r Denomination 11000
Financial Statement
Estimated actual value $364,510,374
Assesied valuation May 1, 1920... 104,148,807
Total Bonded Debt, inc. this inue $1,088,000
Lei Sinking Fund 125,890
Net Bonded Debt $962,110
Population, 1910 167,449
MATURITIES
$1,000 April 1, 1926
49.Q0O April 1, 1936
Legality Approved by
Toumsend, Elliott & Munson, Philadelphia, Pa,
' Price 89.30 & Int. to Yield 5
THAYER, DREW & CO.
, Municipal Bonds
111 Broadway New York
GEO. A. HUHN & SONS
BTOCKS A.
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New
Mnhn of the rhlladelnhlii.
York and CMfo HtoeR Kxchnnge.
New York Cotton Exchange
Commliilon Order Executed In
All the Principal Market
UBXI.r.VpB COURT DLDO.
1418 Vfslnut Bt.
NISW YORK OFFICE
111 JlroKluajr, Nerr York
Opportunity (or parties with 1000 to
fSOOO to Join .ynillcato for new lils.li.
grade motorcar that will giro 40
Wc own and qffer at list prices'.
Butld Mfg. Co. lit Mortgage
6 Bonds to Yield 8tf
Armour & Co. Ten Year
7 Notes to Yield 7.75
Goodyear Tirc& Rubber Co.
Preferred and Common Stocks
Reed A. Morgan & Co.
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