r. -.
TV - - iliJK..
fi'
1
I:
V
6
1i
a.5
r
!TmainiBfmmw.pitiHfHittmitiii!e
TURPENTINE. : twain
PINE PKUUUL13
...a fiAii nmjaii i,v t-s w
I liinXlENTS Spot end To Arrive.
I PENNSYLVANIA REFININQ CO.
I Swann and South SU.a
l....,.:,iil.li1niiiiiiiiiiiiHHiiii oinmiiiiiHiiniuii.,
-tFiTisTIkkhiiv oivhn that
VZT J.?..,1 h.. Iwen ma!e to the
NEW YORK BOND SALES
SALES W I1O00
Atner Smelt' r I 2 BSVV
Jk iun'B Bs d ft O Tol 4
2,.,.. 77 U
10 7TW
77H
A Tel ft T clt
3 70H
A Tel & Tel C,
tMtil. rut -in j"' .1...1
como. 4Vnni Vine Yt.S Christian Klniel,
Set. ..t0i.,Yin.treot! Herbert C. Kuni.
1KB "i on h .tfeel! nenjamin F-cxteiman
!!? ?."Vi ih . reet: WlllUrrt.
Family,
,! W,h",?i: 8m aolobcM. 260H South
rwnklln 'trVnth , Tlreitl Forrest Lawaon
S-orth KnjtJ '."'"JSon i Win Arch strejt. and
unit Thomas ''"m.n." 1310 South Markne
-""h ,,1 rw5uer Jot. WW North Slut
ireot. ""''...Mihii, for ft certificate "f
street. ""-lilT evidencing Hie commH.
mibllc ""'"onorovnl of tho brijlnnlnir
lien's 'u""Vnw rlrtt and privilege ot
of the 'rel",i, ...hicleiT an common car-SEfnTWSSi-
mtn call" demand in tb.
r .rn':- MPOn the aforejMd' .p.
.. :rr: hi i win. in !:"
: - - nil vu iirn
1'THUfcJe " -v
TTIti wnru hiiu wuoro
nnu ue
...... --. tiriuiAi-rt T' irnmi v.
sjn south h m. h ,(u-lmei
- .'.. will
mirauwMjil"."iflil.
!aafflFffi&A
SSSffiT "n Interest may appear
.fthVwdes.re
nVANrtAT.
uirmrAN nrn ani conbtimjc
TIOV HnCOBIIIB8 COMPANY 0
',,,; n;NT 10-YBAB COI.I.ATEHAI.
flOM) HONI18. Hue Aummt 1. 1022.
. . i. h.rohv ilven that $38,000 of ealj
'"Jumired i below, have been drawn
ton nnd accrued Interest aa of Au-
" Ji lilo for ?iment out of moneyi i then
' x"Al::;,J bv tho Company to credit of
in rm uriawii'- -.- .
jilnklni Fund.
1J7 0";
M7 nns
23, 700
.iin "M
M 770
(KID 81H
Ahnve bonds, wlln
.....hd. should Be
vl.l
007
1000
1201
1.T.1
1770
1702
1080
2100
2102
2103
2201
2203
220S 2701
2004 2812
2744 2817
2700 2835
2780 2001
2788 2000
nil unmatured coupons
presented nt orilco of
".. ..... t 1Q4H uih.n
"'"..- - nr After illlKlinv . wv. ....v..
Ill interest theFeon will cease.
UU1 TUUHT COMPANY, Trustee
oronaD H STUAIIT 3d. Treasurer.
Philadelphia. Pa.. July 15. 1020.
1..
1
2
1
7
3
2.,...
2
8
fl
1.
75 H
75 1
75H
75 U
75W
75,
75H
76 U
76
76 H
7BH
A Tel ft Tel 0s
1.
2...
2...
1...
l.i.
1...
1...
1...
&:
i...
3.
02H
03
03
93
03
03
03
03
03
03
02
02
02H
85a
' 7
AnoFrench 5s
O0t4
00 V,
00 H
09 H
00 V4
00 H
no
00 H
DOS
00 K
nos
00 H
00
00
00
00
00
00
00
70 4
T0H
To
NOT1CI5
v. qmtkholdera of Surpass Leather
'nnnanTX l . . ......
.. . win be tf special meeunn; or in
.ThiThMdeV of this c-omrany. held nt the
B,2ft.f ofnca of th Company. Ninth and
f.'.n .iilnd Streets, Philadelphia, on the.
Jm'W if September. 1020. at 12 o'clock
'"- fn th purpose of taklnic Into con
KleratlSn the modlncatl. or charmo of tho
. . S conditions of the preferred stock
ifr!h rompan"lued nnd outstanding by
V' .'.Wi in llrii and Place thereof cerllflcates
nf" stork entl tllnS tie holder thereof to re
Jelve a fixed dIMdend of seven per cent per
.m nnn no more, from nnd after the
fs.ffi thereof; Pbt- half-yearly, before
L'nS'Sulilends shall be-declared or nald upon
'' ::;.:- -..i r in rnrnoraur
such
void
..Ab Af the rornoratlon
5?;f.?enei dUldends to li, cumulative: aak
preference "' . . u dllt on d.
solution of tho corporation, to ba entitled
to be paid In full the par value thereof,
with unnald dlvldondi accrued thereon be
fore an? amount shall be paid to tho holder,
of other atock of the corporation: aald pre
f.rred shires, honevex, not to bo entitled to
further share In tho 'proceeds of the corpo
ration. . . .
By order of the Monro
y H0M.7STnn STL'ntlBS. Secretary.
KKMIORH ITtP anh papkii company
r'irl Jlortunae Vr Slnklne T'tintl Oolil IlontN
MnMnjc I unit Notice
riilelll Trut Comimiiy. Trustee under tho
nrlBRi' f the Kenmoro Pulp Hnd Paper
fomp. nv. d.ittl Aueust I, 1007. hereby ulvea
notlre thnt. In pursuance of tho provisions
of sold mortcnue. twenty-five (25) bonds
f r one thousand dollars (JIOOO) each, ee
ruriMl by said mortcuBc. numbered, as
follows:
3 78. 120. 1.10. 143. 140, 152, 103. 170,
;il7. 212, 210. 203. 274. 207. 307, 314. 340
r.Jl 312. 505. 035. 032. 050, (108.
iwue been this cloy drnwn for redemption
nt par Tho said bonds will be paid nt tho
.Hire of the Trustee, Fidelity Trust Com
pany 325 Chestnut Street. Philadelphia.
Pennsylvania, upon presentation with nil
Tipons due. after Aueust 1, 1020. Coupons
ri'ie Auirust 1, 1020. nro pnyablo at tho office.
et rirrxel ft 'n , Philadelphia.
nnilMTY TRUST COMPANY. Trustee.
Wm. P. Gist. President.
I' II uMphlH July 101020.
14..
6
n
03
D
1
30
6
11......
04
80
40
10
2! '.'.!!
6
1
16
2
Argentina
public 6a
10. ...
0
Armour 4',i
2 741
75H
IV 4
75U
73W
73 U
734
73 V
73V4
78
73i
73
Atch T ft 8 Te
cv 4a
1 01;
1 04
Atch T ft rl 1'
4s of '00
3 77W
A T ft 8 P.. 11J
3... . fitr,
0 0114
2 ltl'4
1.. .. nm
A C'et L 4.'ji
3 60
A C I. rets
1 43
Dcth Steel 1st
1 OO'i
5 ' OOtA
lleth Steel On
6a of 'SO
7 78U
llky V E'd 1st
TJkyn Rap T
14 37
1 37
lluffalo TVr A
Pltt'h 4a
1 73 U
Cen'l of Oa en
1 78
Cen'l Lea'r 6s
5 00
a Dl
Cent'l Pao lt
3 70
1 00
2 ,... 00
Cent Pao 3s
1 73
2.... 76 45
Centr'l Pacific
Short L, 4s
6 05
2 85
Cent'l n 11 of
N J 4s
2 80
Cent'l II II of
N J 0a
10 .... 03
C'k ft Ohio fd
6 80
C ft O cv 4s
1 72
C'k ft O cv 5s
6 78
Ches ft O Ills
Sandy ny 4s
2 03
Chi ft Alt'n Si
l.... 41
1 41
Chi 11 ft Q cm
10 74
4 74
8 73
C Il'n ft Q neb
1 84T4
. 1....
A T ft
4...
ii..
4...
1...
15,,
1.,
1..
1 ,
1..
8.,
Chlcaeo
04
04
04
04 Ji
04
041;
Pock
ft 4s
03
03
03
03
03
03
03
03
Proposal
I tl It'K OF Till: (lUAKTiatMASTEB flKN.
ral, Ulothinz and Uiiulpaco Division.
Vunltlons Ilulldlnir. Wnshlnnton, D. c.
healed proposals will ho received here until
II 11. m. Auiust II. 1020, for furnishing- all
cr any part of 20,000 suits summer under
rear. Information on request.
07
07
07
117
n
1)7
07
07
2 Ill's
7 07
07
Dilt ft Ohio cv
1...
3...
0...
4...
1...
4...
3...
1...
1..
1..
I!!
2..
8..
1..
1..
1..
1..
58
67
67
57
57
57
67
68
68
68
68
Bait ft O 8a
5 78
Halt ft Ohio 4a
. 1 58m,
' 1 60
Bait ft Ohio fn
1 684
2 68
Bait ft Ohio lis
0 85
1 80
10.. .. 81
1 85
II ft OP I. U
ft W Va is
1 55
Chi Bu'n
10
7. . . . .
0
3
1
26
25
5
C ft K'n III 4s
1 77
Chi A i:rls 1st
1 72
Chi ft Own 4 s
1 61
3 63
ChlcBEO Mil S.
Ht 1 3 a
10 60
ChleaRO Mil ft
St P 4
I .... 03
1 . ..0.'.
2 05
Chlcaeo Mil
St P 4 '25
8 70
1 71
Chicago Mil ft
SIP cv 4
1 .. 03U
1 03
2 .... 03
1 03
5 02
12 . ...02
1 . . . . 03
ChlcaKO Mil. &
SIP fil 4 'is
1 .... 54 u
Chicago Mil ft
StP gm 4a
1 08
1 08
Chicago Mil ft
St P cp 5s
2 00
Chicago ft Nth
Wn 6s 87
2 80
Chi A Nwn 7
I ft Pao 4s
8 08
1 08
1 08
Chicago Union
Bta ct 0s
1.... 102
2.... 102
2... 102 VI
.Chicago ft Wn
I ml' a 4s ,
3 64
1 62
9 63
Chinese Qove't
IMC Illy 6a
10... . 42
2 42
0 43-
10 43'i
City Ilord'x 0a
3 84
City of Copen
hagen 6a
1 74
6 74
City Lyons 0a
1 84
1 84
5 84
1 84
1 84
2...... 84
City Mara'a 0s
1 84
1 84
4 84
Cty New York
4s of '67
3 84
City Paris 8a
2 03
1 03
1 03W
1 03
1 08
Cl'd Cln Chi
St Li 4a
5 71
1 .... 71
t 71
Colo Ind'l 8s
3 70
Col ft S'n 4a
6 07
Cona'd Oaa 7
1 ',
1 08
1 08
3 08
Cuoan Can,
Sugar cv
0.
3.
1.
1.
Oent Eleo 0i Kingdom Bel
3 do glum ea '26
4 98 4 95
43 00 1 05
I OU 1 05
6 00 6 93
1 00 6 06
1 00 1 94
1 00 1 04
10.. 1,. 00 Kingdom Bel
1 99 glum 7s
1 90
Oov't Swltier
land rcta '
4,
2....
1....
2-...
1....
1....
1....
4.'...
4....
11....
0....
6....
It...
1....
10....
1....
2....
4....
K....
1....
8....
8....
1....
6....
1....
3....
10....
3....
8....
12....
Hock'R
1..W
6..
103
103
103
103
103.
103
103
10.1.
103
102
103
103
103
102
103
10
102t
102
102
102
102
108
102
102
103
103
102
103
103
102
V 4a
. 04
113
1..
1...
1...
10...
1...
1...
4...
6...
10...
9...
3...
7...
1...
2...
8...
3...
1...
2...
2.
100S
100
100
100
100
100
100 u
100
100
100
100
100
100
100
100H
100
100
100
100
10
Bethle'm
97
07
97
07
07
07
Steel
Ba of '30
3 70
Oe ft Hud 7a
10.... 101
1.... 100
1 100
1.... 1004
1.... 100
2. . . . 100
Den A R O fd
4.-.. 45
8 45
Den ft Jt O 4s
4.
1...
5...
5...
1...
4...
1...
10...
5!!!
5...
1 ..
4...
Chicago
100
100
100
100
100
100
100
100
00
100
100
100
100
ltuck
8..
3.
4.
11.
1.
8.
03
03
03
03
02
02
02 V.
J) Can 8a '21
0 07
10...... 07
1 07U
D Canada '20
3 80
13 80
7 80U
D Cunadvi '20
2 00
1 01
1 01
4 91
Krlo Qenl Men
1 38
Erie II R, cv A
1 34
8 34
Hrlo R R cv II
5 34
Hrlo R Co 4a
6 .... 18
10 48
Ilrle R R cv D
1 37;
lluil ft Mnn M
XI 68
1 80
1 60
III Central fd
2 70
III OOBII.A
NOit nv
1 73
111 Steel 4a
2 (74
Intboro M 4a
10 13
6 1214
Intorborough
Met ct 4
6 12
8 11
Intboro R T fd
..- 43
... 45
... 45
... 45
... 45
... 45
... 45
... 43
Merchant
1
1.
1.
8.
6.
10.
1.
12.
Infl
Marine
1
1 ....
1 ....
1
10
0s
84
84
84
84
84
luwa Cent'l Is
2 80
Jnu Oov't 1st
6..
5..
5..
1..
2..
7.'.
4..
I ft Pac fd
1 01'
2..
87
37
4
74
74
74
74
74
74
74
2 74
Jap Oov't 2nd
2 73
1...I. 73
0 78
4 73
Jap Oov't 4s
1 63
0 53-
4 65
5 63
5 65
1 55
Kan C Ft 8 A
Memphis 4a
1 01
1 01
Kan C Ft 8 ft
Memp'a 0s
1 02
Kansaa City &
Houth'n 5s
2 00
1 00
1 CO
Kansaa Cy T'l
Ralluay 4s
1 05
6 05
Kingdom Del
glum 0s '21
S 08
K of Italy 0
1 08
Lack Steel '23
20 eon
Lake Shore M
S'n 4a '28
8 . .. 70
1 70
Lake Shore M
B'n 4881
1. ... 77
8 77
3 77
I.lg't ft Mjors
Tob'o Co 6 a
1 77
'8... . 77
1 77
Lorlllard C 6s
2 70
Louis A Nash
ville si 3a
2 40
Louis ft Nash
ville 4s
1.... 77
7 77
33 77
1 771,
Loula ft Nnsh-
vlllo rets 7s
5.... 100',
2.... 100
Manhatan l"d
Station 4 s
10 61
8 51
Mldv'e Steel ft
Ordln o 6s
1 77
5 77
21 77
6 77
1 77
2 78
MO nan ici
Railway 4s
10 63
Mo Pac gm 4 s
6 61
5 61
Mn Pao 6 '2.1
1..... 83
Uontana Pow
Co 6s
7 78
3 78
Nat' I Rlya of
Met 4 'is
6 37
1 87
Sew O Tex ft
Mexico 4a
1 60
Sew O Tex
Mexico 5a
8 40
N Y C 4 II II
R R 4a
6 70
5 70
5 70
4 80
N Y O ft II !
R R 0s
2 80
1 80
8 80
1 80
1 80
New York CI
L S 8a
1 87
30 67
1 .... 58
New York CI
Lake S 4a
10 67
N Y Light II
A Tow'r 4a
2 50
3 60
New Y N II A
Hart'd 0s
17.... 08
1..... 09
N y .nra ot 6
6
MtYTela4.
1 I O -4
1 .78
M Y Tele'a
1
1"" 51 a
n 80
Norfk A W 4a
1 11
Norfk wn
CV B
2 07
4 07
1 .....06 '4
N'k ft W ro
Coal CO
j 78
tTn Faclflo 8b
1..... n'"
2 .... "
8 MV4
10
N'n Tacinc
17
1 .... 7BU
2 73
1 .. 73tt
Oreg ft cai o
2 . . ou '
Oregon unori
Lln " ....
1 70VI
6 .... 76
1 70
Org-Waah'n It
Co Nv uo
0 03
racino Oaa
I!..: 74
,rn .:"
n , , , , u
0 l"
1 ... 70
Pa R gm 4 a
7 ft 74
2 .... 76
2 .... 75
8 .... 70H
r .:
2 'i
renna R n"
1...
6...
4...
1...
1...
1...
1'...
StL A
2.
.. 64
.. 64
.. 64
.. 64
.. 64
. 64
.. 64
8wn en
62
Beab'd A L a)
1 34
Seab'd A li fd
1 40
2 40
Bclota, Valley
ft N H 6s
8 02
6 09
So'n Bell T 6s
6 BD
S'n Pacific fd
1 78
1 72
2 72
1 72
B'n Pacific 4s
1 03
S'n Pac cv 4s
8 70
5 70
4...... 70
B'n Tao cv 6a
3 on
1 054
B'n Rallw'a 4i
4 68
8 68
3 68
1 57
1 58
S'n Rallw'a 6s
1 70
6 70
Standard U A
: Co 0a
2 82
Tex A Pao 1st
u..... ...
Third Ave aj
10 21
.Third Ave 4a
4 80
,6 80
10 80
10 80
Toledo A Ohio
CI R gm 6a
2 05
Union Pac 4s
3 81
2 81 '
2 81
13 80
Union Pao 0s
1 97
2 97
U K of O Brit
ft I'd 1021
00
00
00
00
00
00
00
00
00
00
00
00 7
0(1
3 85
1 85
1 85
1 80
1 85
1 85
10..... 3
rubllo Service
in 85
U .8 Rurr os
B 7'.
U B Rub'r tb
1 KB
1 77
B 9SS
U 6 Steel 6a
1.
6..
1..
4..
10!
8 .
3
83
83
83
83
83
83
83
83
I'enna R R 7a
lOd
102
102
108
103
102
102
102
102
102
103
103
102
102
102
100
102
102
102
102
t02
102
3.
7.
1.
8.
10.
2.
1.
1.
1.
2.
1.
ft.
4.
U K of O Brit
ft I'd 1022
1 02
5 02
2 02
1 02
U K of O Brit
ft ra 1020
6 fil
3 88
1 88
6 81
2 87
3 87
U Ii of O Brit
ft I'd 1037
1 85
1 85
.1 85
4.
3.
8.
6.
3..
2..
2.
01
01
91
91
01
90
00
90
Vlr'a Carolina.
Chem Co 1st
1 M2
8 02
rviralniit Rail-
naya 8s
. 77
Wabash' R 1st
2 83
Wea'n Ulec 5a
2 04
West'n Md 4a
8 48
1 48
Wn Pao'c 1st
2...:. 78
2 78
4 78
Wilson Co cv
1 84
1 84
1 85
Wilson Co 1st
1 88
Decreaao In Provision, Holdings
Washington, July 19. Tho Depart
ment of Agriculture announces the hold
Instil of frozen beof on July 1, amounted
to 95,279.577 pound, ft" compared with
162,638,789 pounds on July 1, 1919, a de
oer&se of 41,4 per cent. Tho holdlnfru pf
creamery butter amounted to 62,363,285
pounds, .nn against 90,158,103 pounds on
July 1, 1919, a decreaso of 41,9 per cent:
miscellaneous poultry, 10,262,447 pounds
against 16,559,020 pounds, a decrease of
38.1 per cent.
Liverpool Cotton
Liverpool, July 19. Spot cotton was
quiet today with prices .firm on the
basla of advance of 78 points for mid
dling, at 27.43d. The sales were 6000
bales! The receipts were 8000 bales,
iTg.'
Aiallnn '
rrtlfn
, "..!
Total. 18,402,000,
000 Saturday.
Liberty .ln....
Liberty 1st 4s...
Liberty 2d 4s...,
Liberty 1st 4s.
Liberty 2d 4V,h.,
Liberty .'Id 4i,n.,
Liberty 4th 41,4s.
Vic Notes .1h..
V(c Notes 4-yts. .
compared with 15,000,
High
1)1.00
85.40
84.SI1
85.00
K5.02
8S.00
85.:tO
05.8(1
03.!),-
Low
00.00
85.411
81.70
85.72
N4.72
8S.40
85.10
05.74
05.70
Close
00,02
85.4C.
84.8(1
85.72
84.84
88.50
85.18
05.80
05.84
Philadelphia Markets
Peorki ft 11 1st
2 . . 60
C'n N J 6s
4 . . 02
Reading R 4s
1.. .. 77
4 77
Republic Cuba
6a of '04
1... 00
Rio Orund .v
West'n clt
1 60
1.. .. 40
Rock Isld Ark
ft L 4s
2 63
Ft L I'n Mt A
8 Rly 4S
1 08
Bt L ft 8 F aj
2 Ol
2 01
1 01
6 00 U
Ht l a a V In
keMa'rlX";olmiffn1f.," 02'n0T ""'" Mar
net largely nominal. Car lots In exnort vie
jator No. 1 red winter. 2 032 "?. No 1
hard winter, $2. 0.1ft 2 0.8: No " i V.i Vif.J
garlicky. $2.00M2.03: No.' a ?,, ' In'er 1" 0-i
CT2.05: No 2 hard winter. I2.02M2 5' No
7.,i .vinV:; "inV.Wi.'M.:. .-. "'"'-
..n.... '" '.';?: ,i. .?iu-" - a
2.8.12.88 No. 4 haf.1 uWr
. . T" winter, garlleky. t
5 red winter. S2.slfj2.sj; No.
tin , iS ..' "" " rcd "Inter,
V-.IV.
ill. vri :t
red winter.'
red winter.
r. 82 8.1(12.88;
! 0Cl)2.8H: No.
1 hird winter.
Himi.1. .-.jiL : """ V'" -'
" vwuuic o auniirv
r.r.nK- . ,. . -
..w" ,V,'J.?"' B31-. bushels Dull and
iJ7T.Veoa"J0 ?u'y and loca-
........, ir latter for No. 1
sprlnr first
I13.76eri4.50:
1.
6..
10..
n
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47
47
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47
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Serle A
1 64H
JO LEDGEB-PHIIADELPHIA, ' TUESDAY
PORT OF PHILADELPHIA
SELECTED BY MILLERS
FOR EXPORTING FLOUR
),icr.
thwesn Comncuttee, Recently jteJqdlcates
So writes Mr. L. E. Moses, of Kansas City,
chairman of the committee of millers who
recently inspected a number of ports for the
purpose of deciding upon a tidewater outlet
for the milling industry. "Our committee is
unanimous in its opinion that the Philadelphia
wharf situation is ideal for the installation
of mechanical devices for such loading1",
continues Mr. Moses. "If these devices are
installed the millers will use the Port. We
are ready to"carry out that promise."
It was the privilege of this Bank to have
representatives of its Commercial Service
Department serve with a , committee of
far-seeing business men in explaining to the
visiting flour millers the exceptional exporting
facilities of Philadelphia. We congratulate
the City in being afforded such a splendid
opportunity to develop its Port.
THE
PHILADELPHIA
NATIONAL
BANK
42,1 CHESTNUT STREET
weaker.
tlon, at
yellow.
laATffs7Io?JIP.,."'t4l,.5!! b.u,ho1" Declined
is. j-ar io! an to loca t Inn -vn i 1ur,in
81.28W1.20: No. 2 wh Ite l "7l'. i&,lV
tthtt,. It nlMi nj. V- ' . -.'1 28: NO; 8
1.22. ',""3B,-24: "hlte. $1,210
FLOUR Receipts. 1,227,040 oonn.1. In
packed ?nBlV4o"i,bflr.B!; r5? lOO Tib,"
slit,'" wV.,; bn. 2.2'5Ki"-7ftdoW'nr
nr!'i.V H?J 12.60V iVard iln'ter ,d,?kl.h?.'
'!uv 1.1. i.t; uo. Biiort ttutont luifnj nu
clear, etll.tlOfiMS: do. nnfnnt.
ift ahnpt nnl a mm ir&
i.t9(i. fnn ,- A-rv ..I'V""... ' y
l2n60(i?l,3a2n5!.,' 10-B'ei'' nVePfloSr:
M?y.,Si0:ff' S.,ca1' h"' aulrt. Quota.
'S1.'!, Uef' ',", "'" moked and alr-drled
2?,C. kJfle.w".JBd-.!!n?''. "" I inrt
4SaU4uVl0T' "')e40Mr! do. skinned, loose
. ,?.8TC: ?" doi smoked. 4545c- do
bollel. bonelrs, 00c: picnic 'ahouldert, ft. ft
cured loose. 25c: do. smoked. 2(le: bel lea
ISrd. 22c.' 'e' 23: b"l'" biiorT. 30?'.
nUTTDn Advanced 4lc. Quotations
n?.td."Pin 0?n ,?"." hlXsco?".:
rl!' .8 . "IrUT.V""- r8c! "1" ""Is, B(IR
5ic: flttls, J.ir,c. seconds. 4.U.'i0c: sweet
'mW,0oholco.10 tay- now (12c- fair to
ood. .HW.IOc: prli.'s johblnc nt n7ttnc for
fancy nnd nt 5nH0c for fair to choice
.lnI:00nf!-:Filrm, on nn" "twk' The quota,
tlona nro: In frco rases, nenrliy Orets 5(lc
per doren: n-arby current receipt,, 48c; near
by ordinary to fa r. 43 0 47r; western e.ir
!inoft,B0?AffSVe'fl,-'W5ft"J!53
St 5001c? y Candle1 C"" JoVbln-'
CHKE8K Firmly I eld. New Tork whole
rnllk (lata, current make, fancy. 2TH(B28e
271 W28Hc: slntle Dalslea. 27WW28Wc"
Jobblnir sales of fancy held trends 19 30?
tloni.'E SvSF.r'.TT-r"ow"" " quota-
"Vo0..!SSli7A4Tfrnd7-Hh.hVS;
--.':"" ""ri"'. innnv veimw-sklnned
5?U, Ji0Bh'Vrn".-.. wriBhtriK 1H2 lot. npler" I
2kl?nfSfi W""? thlrl"','s. fniy Jelloiv
Sklnned. not LeKhorn., nia,hiir lF",
pounds nplrce, l.1fl4R- whltp LoKhnris
it,.. Snfflih." ''.'Rho. broilers. annllT 1
..'"i5.W4,c ol,l rnnsters 2r.i2no dui Its
pe'r z?3Si. 'pr,ng- . P&i-"'. !
t,lP5C?n. J,tJITSY - ". fre-h I
killed, dry-picked In boxes welnhlns 5 lbs
inPi'Sti 4ac: S'"rJa,pa;4 Pounds. 42." wli-i
In SW pounds, 39040c: weighing 3 noumls I
8537o: fowls, fresh-kl led "fi 1 bfrrels ? An-ViCW,-
,wn hln 3 poiind, aplere.- 41e
welahlni: 3Vi pounda. 37ftaB. welahlnir 1
pounds. 8885c: broiler.. wea7em dr,
picked, welahlni IH 02 pounda apiece. ,n
broilers, western, smaller alzea, 65i25Rc '
old roosters, dry.plcked. western. 27c do 1
southern. 2.12nc: aprlnc ducks' t,. I ,3.1
FR.111 FRUITS Apples Jersey, per has
i.t -Ni- l' 75c?1.60; No. 2 and drop. 2.1 '
.inc. Ornnnps. per box. lt.05Wn.80 Pin-1
apples. Pnr THte. 4f s. Penchea. Oa , 1
''rntc-.,,$of;Vn' W'tyrmelons. Fla . pr '
ear. fl.10fl8.10. Cantaloupes, western per ,
etHndard crnte $1. 8093.5(1. lllnrkberrlrs
iptr quart. MM) r 2.1c. Hucldeberrlei., p.T
'uuirt. 20if30c Currants, per quart 12f
I 17.- Hneplierrles. Jersey, per pint 1(1 rf
' Ur f'!j,,"'r''"' cw York. Per 1-qu.irt bj
Kl I lll'H lll.f.
I
Are You
Watching
The Oils?
Dp you wish you
knew w h i c h shares
might be the very next
to go up? ,
Study the
Interesting; Facts
in our new booklet,"In
dependent Oils." Observe
whicfc of the 27 going
concerns it discusses are
drilling in, rich territory
or otherwise increasing
their prospects market
wise, v An impartial guide
for investors and traders.
Call, phone or write at
once.
Ask for No. T.U.-936
JONES & BAKER
Sptciaiitts tit New Ytrk
Curb Market Securities
Widener Bldff., Philadelphia
Phones Dell, Locust 4730
Keystone, Race 2290
Offices in 0 Principal Cities
iV Privit Wlr
Including 7100 bftfo Amerlenfc
tures wore atronir In thi-My
Unit nricoa wero! American,
ali- n? (1R.1 srnoil mlddllnr. 2ft. 91d:
fully middling-, 28.68d: middling", 27.43d;-
low mitiuiinB. .ou ." uin.iiBijr.il
20.43d, nnd ordlnnry, 19.43d. ,V
. i
iiTj'.
V
$8,000,000
Duquesne Light Company
(PITTSBURGH)
First Mortgage and Collateral Trust Thirty-Year 6 Gold Bonds
Dated July 1, 1019. Due July 1, 1049. Intereit payable January 1 and July 1, In New York.
Callable on any interest date at 105 and interest. Bankers Trust Company, New York, Trustee.
Fr f th prant Pennsylvania Four Mill Tax. Th Company agree to pay Intarast without deduction for
any Normal Federal Inceme Tax to an ameunt not "exceeding 2 which It may lawfully pay at the source.
Application will bo made to list these bonds on the. New York Stock Exchange
For further information regarding these bonds, attention is called to the letter of Mr. A. V. Thompson,
President of the company, copies of which will be furnished on request, and which states that:
The Duquesne Light Company owns in fee or controls through long-term lease or stock ownership, and iti
large part directly operates, properties conducting the entire central station electric light and power busi
ness in Pittsburgh and throughout the major portions of Allegheny and Beaver Counties, Pennsylvania.
The properties operated by the Duquesne Light Company and its subsidiaries form a single inter-connecting
system which serves a population estimated to exceed 1,100,000, located in the heart of the Pittsburgh District.
'Franchises, with minor exceptions, are, in the opinion of counsel, unlimited in time or for 999-ycar periods.
Earnings
of the Duquesne Light Company and subsidiary companies inter-company charges eliminated.
(Year ended'May 31, 1920)
$14,242,233.63
,. 9,566,077.59
Gross Earnings
Operating Expenses, including Current Maintenance and Taxes
Net Earnings $4,676,156.04
Annual Fixed Interest and Rental Charges, including interest on the
bonds now offered ............, .......m........................ ......... 2,221,101.36
Balance .... $2,455,054.68
Net Earning Oyer Twice the Above Fixed Charges
The above earnings reflect none of the benefit from the large investment made and being made in additional
power facilities which upon completion will add 100,000 k.w. (or over 100 per cent.) to the present power
generating capacity of the system.
The First Mortgage and Collateral Trust 6 Gold Bonds (outstanding to the amount of $31,718,500 face
value, including the present issue) arc secured, in tne opinion of counsel, by a first mortgage on all property
owned in fee by the Duquesne Light Company and by a first lien on its leasehold interests and on certain
bonds and virtually all the stocks of its subsidiaries. The bonds are also secured, in the opinion of counsel,
by a first mortgage on the new Colfax Power Plant, the completion of the construction of which with an
initial installed capacity of 120,000 k.w.-is being partly financed out of the proceeds of the $8,000;000 bonds
now offered. h
The property which, in the opinion of counsel, is covered by the first mortgage lien of these bonds will in
clude two of the largest and most important electric power plants in the country (Brunot Island, to be
increased from 120,000 k.w. to 160,000 k.w. capacity, and the new.Colfax Power Plant, Mnitial installed ca
pacity to be 120,000 k.w.) and extensive transmission and distribution lines.
The bonds are followed by the $3,941,000 1 preferred stock and by $18,226,000 common stock (paying
8 dividends) of the Duquesne Light Company.
We" recommend these bonds for investment
Price 85 and Interest; Yielding about 7xk
Bonds arc offered for delivery when, as and if issued, and received by us. It is an
ticipated that temporary bonds will be available for delivery on or about Aueust 1. 1020.
i
t
Harris. Forbes & Co
New York Philadelphia
Lee, Higginson & Co
New York Philadelphia
Ladenburg, ThaHmann & Co
New York
National Properties Company
Bondholders' Protective Committee
To the holders of the 4-6 Secured Gold Bonds of
National Properties Company '
A. default in tho payment of the interest due July 1st, 1920,
on tho above bonds having occurred, it is necesnry for the pro-'
taction and assertion of the rights of the holders of these bonds
and the conservation of the aluc of the Security pledged that'
concert nnd unity of action should ho obtained. The undersigned
have consented to act as a committee for this purpose and for
tholprotection of the interest of all of the holders of the said 4-6
secured bonds who shall become parties to an agreement which
has beenprepared, dated June 8th, 1920, an executed copy whereof
is lodged with the depositary hereinafter named.
Holders of said bonds are requested to deposit the same with
the Pennsylvania Company for Insurances on Lives nnd Granting
Annuities, at its office, 51T Chestnut Street, in the City of Phila
delphia, the depositary nnmed in the said agreement, not later
than July 26th, 1920, at three o'clock P. M., when the right so to
do will cense. Said depositary will issue transferable certificates
of deposit therefor. All registered bonds must bo accompanied
with proper transfer thereof.
Your Committee submits to you for your consideration a
plan bnsed upon an ofTer from an underwriting syndicate, a copy
of Vhich is on file at the office of its depositary. By the terms
of the offer, it must be accepted by your Committee on or before
the 26th day of July.
Your Committee accordingly has extended the time for tho
deposit of bonds until the 20th day of July next.
All tho depositing bondholders nro requested to express their
approval or disapproval on or before the 26th day of July, 1920.
All bondholders who have not yet deposited their bonds with the
Committo aro requested upon the making of the deposit thereof
to express such approval or disapproval on or befoie said 26th day
of July, 1920, on which day tho Committee must ndopt or reject
the said plan.
Under the plan all depositing bondholders will receive 30
of the face value of tho bonds deposited by them in Common Stock
of The American Railways Company when acquired by the Com
mittee: tho bondholders who elect to pay in cash, 17', r'r of tho
face of tliclr bonds will receive in nddition 7 Second Preferred
Stock of The American Railways Company to the amount of the
sum paid by them, less the disbursements provided for in tho
plan, and an additional amount of the Common Stock of Tho
American Railways Company of at least 100 of the face of his
deposited bonds.
Copies of the plan nnd the deposit agreement may bo obtained
at the office of tho Pennsylvania Company for Insurances on Lives
nnd Granting Annuities.
Dated July 12th, 1920
, J CLAUIC, Secretary,
517 Chestnut Street,
Philadelphia, renna.
IIVAN nANnoi.PH. Cluiiiman;
.lon.v niuDnisu
AHTtlim V. MORTON'.
.iohv .r iCKxnr:no.v.
C. CLAHENC15 MILLKH.
Committee.
PniCHARL SAUL. BAYARD &
High interest with the prospect
of appreciation in principal.
Iong-tinic bonds at current maikrt quotations
-how a very high interest return. Tlurc is,
moreover, an excellent prospect of appreciation
im principal invested, with the return of- normal
money conditions.
There are several bonds which have the above
features und in addition are so well secured thnt
we would particularly recommend them for
investment.
List of securities furnished on application
GEO WHKENDRICK 3rd CO.
e2?27J22rS
U3t WALNUT ST. ROW PHtLADELPHFA.
r-1
V
Mrmtirra Nm AorU anil
delplila Mock EcUanrts
Telephone; ritll Sprmo 0120
Krjstont ltace 113S
...iiiiiHdiiHiiiiiiiuimiiiiiiiinnr
9IIIIit!lii!llli1IMnillll'll!lli!li!UII!ii!9IUIIIllini!lllli
a
ffiiiiiuiiiiMiiiiiiiiraiiiiHiLTK
Exempt from all Federal Income Taxes
$600,000
City of Cleveland, O.
54 Coupon Bonds
ated June 1, 1920 Due aerially June 1, 1940-70, incl.
Principal and semi-annual interest payable in New Yorl(
Legal investment for Savings Banl(s and Trust
Funds in Nov Yorl(, fassachusetts and Connecticut
Bonds due 1940-49 to yield 5.35
Bonds due 1950-70 to yield 5.30
Eidrebg) and Company
4WBVEN "W&&r STRBBTP "NEW ""KORK.
'I
!l
!
ii
m
EVANS.
Counsel.
I
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gynuauplf
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