EVOKING POTMO LEDGER-PHILADELPHIA, FRIDAY, .JULY 23, 1920 PRICE MOVEMENT CONTINUED MIXED Conflicting Tenor of News De velopments Puzzled the Speculative Following cnci sales totlny on Hie Nnw York reliance, iw compiled by the Evening ftuii. totalMl noltoslinrcs. w Yorl. .Tiil.v ai. The Now York Ercnitii: Snn'H closing financial review today aya: Thi ronM'tinfi tenor of news ile !opmcntM piistlctl the ncciilntlve fol Inn Ins In tlip stork mnrket nml resulted To Holders of Cities Service Company Convertible Gold Debentures Series C, Seven Per Cent uM.rs nt the above Debcnturea may con vert er Aniint 1. 102?- or on the, tit st day efsny mnnlh there tier, ten per centum finS) of the sKKrcsate principal amount of Sirles C Debentures owned liy them resper SJLiV nn July 1. 1H20 Converlon mum he rwueifed bv such owner, prior to Aucuet 1. ffi or prior to tho first day of any month thfreafter. and upon delivery by them nnor IKJS Auiust 1. 1020. or on or before tho flf day of any month thereafter of the rihVntures en dee red to be converts tprop Prly endorsed. If realstrred to Henry t.. naWty Company. Fiscal ARents. such nSlniurfi will be converted lnto Cities Me Company Preferred and .Common Stocks on the basis set forth In said Deben. .!? i certlnrates for which stocks will he mU and transmitted to auch owners In i", .mounts respectively due Henry L. Doherty & Company Fiscal Anents. Cities Service, Company yi ni rii-v ic" DatM Julv 21 1'-" A YOUNG MAN desires ' connection with progressive business house as assistant to executive; college education; natural ability and year's business experience fit him for posi t i o n of responsibility where earnest effort and conscientious work nro ex pected. Address B 633, Ledger Office. THE VALUATION OF COMMON STOCKS A booklet of tremendous interest sent free on request. NEWBURGER, HENDERSON Members New York and Philadelphia Stock Exchanges 1410 Chestnut St. Stenographers in New York Bank Excellent opportunity In laruo downtowa (ink for capable, experienced stenographers under 2.1 years l'nrmjriuit positions, ex. cellent working conditions Oood salary and lunches. State ukc, education, experience !4 salary expcted. Write E. V. f. IIOOM 701 11 West 44th St New York City Workmen's Compensation and Automobile Insurance At Actual Cot LIBERTY MUTUAL INSURANCE COMPANY Knuth Fifteenth Street Phllad.lnbtt New Issue Tax Exempt in Pennsylvania West Penn Power Company First Mortgage 7s Dated March 1, 1016 Duo March 1, 1946 ABSOLUTE FIRST MORTGAGE Net earnings 12 mos. ended May 31, 1920 $2,201,380 Interest charges 951,680 New power plant nearing completion increases generating capacity 44 c. Franchises, with trifling exception, unlimited as to duration. Territory served one of the largest power con suming sections of the world. Price and particulars upon application. A. B. Leach & Co.. Inc. Investment Securities 115 South Fourth Street, PhUadelphia Fail ' ' iiiitiiiiuiiiitJiini iiiiiiN.iiim nut mil iiiiihiiiiiiiiif mum nil 1 1 Mill nil m STATEMENT OF b The Industrial Trust, Title & Savings Company j 1946-52 North July 22. RESOURCES Cash and Reserve . . $099,093.73 Loans and Invest- vestments 8,902,254.13 Commercial Paper Purchased 62,566.25 Real Estate 14,400.00 Hi Bankintr Housp . . . n Kin nn Total . . .$10,039.864764 I OFFICERS JOHN O. r.MIRi'TII. President, .i'tf.i.7 P?:hS. Vl.ee Tres. A Treua. I io,.i: e:1 ?r.- arr.'- Asst. irnn, -- ,ru"t nmcer. 1 Trust Funds Invested Trust Funds Uninvested and Distribution Total TruU Funds (All Trust Funds Kept aepnrnto or me lompan.r.) fin 1 ill LIBERTY BONDS Bought, Sold and Quoted Call, Phone or Write Liberty Bond Department West & Go. 1417 CHESTNUT STREET . bprue. ,66 .hlldrtphff '".!$? Kxehan.. , new inn, stnik e AIhuj. Hate nil I' n 1 1 In another Rcwion of IIsUchb trading nml mixed price changes. For n brief spell In the forenoon stocks displayed fair activity on tlic buying side, but after prices Imd been mnrked up a P0'nt or two the movement Kubslilrd. lalk of another world wnr on an out growth of the Polish situation would nave proved more disturbing to the mar ket had the rr-tmrfa heoi, taken Mnrl- oualy or had the 'sharp list been In anything but a strong technical position. The foreign exchange mnrket, on the other hand, miidp direct response to the unfavorable I'uroppan news, sterling exchange dropping 4c to $3.70. the lowest figure reached since early spring. Marks, lire and francs were also un settled and lower. An an offset to the foreign news there was the asurnnce that a general railroad strike wns highly Improbable, and the optimistic utterances of Judge ftrny respecting lnbor'n Increasing effi ciency and the outlook for prosperous industrial nctlvlty. While these Items received favorable notice they failed to stlinulntc the mnrket to any extent. There wns no uniformity to price movements. Ronl ' Dutch and Shell Transport, for Instance, were weak and 1 to i points lower in sympathy with the dpclfnc of securities In the London market occasioned by the Itusso-Pollsh situation. At the same time n few I'lnselv lipid specialties such ns lions ton Oil. which rose OVj point to 100VS, were decidedly strong. Mexican Pe troleum climbed nearly ,'l points to above 105. Itnllroad shares agnln gave evidence in the early trading thnt the lino of least resistance for them was upwnrd. but Improvement here did not continue in the face of thp afternoon selling which developed in some of the Indus trials, causing them to cancel eurly gains. The professional element, which was pretty well In control of the mnrket. favored the benr side and hammered the leather, motor and sugar stocks again in nn effort to uncover wenk spots. American Hide and Leather pre ferred receded more than ,T points under this pressure. Kndicott-.Iohnsnn went below 82 and the inptor issues re- eiled 1 to a points from their early highs. The bear drive ngninst prices became more vigorous in the late afternoon nml with the speculative comuiunitv In n highly uneertnln frame of mind, heavy selling came into the mnrket ns soon as prices started definitely downward, llnldwln quickly came down from n high , of 110 to under 11(1. Mexican Petroleum fell under 101 and Stroinbcrg broke be- low t-G. LIVESTOCK QUOTATIONS Chicago, July 2.1 CATTI.i: Receipts. I 4000 head Oras and henvy eteera slow, steadv , good scvrllnit handyvvclght, steadv to Mrontr. no cholie on sale: Rood llsht steers. $1." Snffrin, heavv beeves, $10 3.",: (bulk, ull welsht 12 IflQiin, lust "she" I slock, calves nnd hulls steady; medium rows droit Rood and rho'to veal calve?. tliKllt ."id top U7. etnrkers stead I 1IOI5S Receipts 22 (100 hcud Opened steady to l.'c higher advance now mostly 'lost, earlv top, lil ,10 late top. T3I1: i bulk llchl nnd llsht butchers 1.1.,10jf 111 no, packing sows, 114 l.lff 14 40; pltrs strong i SlinEP Receipts IS 000 head Lambs steady to IV l.iuer sheep month steady, rbolre Idaho lambs IIS nn, top native Iambi J1.121, bulk I12S14 VI. cholre Montana ivothera 51 7.1 top nallvo ewes, IS, chnlco feeder lambs. $13.7." I Pittsburgh, Iul 51 HOC'.H Receipts. 300(1 head Uvwer l(eies till 40'2rlil1."iO; hen orkers. tl t ." if 1 7 'J1. IIkIiI jorklrs. 1 nc, -, ifr iii r.n; p'cs si.i.snfl it, 7S i Slini:r AND t.AMHS Receipts t)n hail. Stead. Top heip J10 .ii). lop lambs, J1S ,V) CAI.Vi;S Receipts. 300 head. Steady. Top, $1S Kn.t ItuiTnlo. N. Y.. July 2.1 CATTI.t:- iReitlpts. I.'O head Sinn. t'alMi, receipts linn. t hUlier. Jflliyn ' lirxiS Receipts 2IH0 head Light. lOe to l.V hlKhcr Hea Tlrt."0Wt7 mixed. I7 "iO 17 .".0. jorkirs, l" ."ill 17 il"i, llsht do. IliWti.'iO Hies, J17; roushs. JI3 13 2.1. st ins ISfilo Slli:i:r" ASP I.AMIIS Receipts 200 heart Market ."('(. higher l.ambs. H(i tn .,n, 1 eurllnRs $7fi 1.1. wethers. JO .".()10.."iO; jowis, $3tf9.."i0, mixed sheep. $0.30 10. F,rst of Spansh onion Crop Arrives N,,w York. July 23. The first of the new Danish onion crop. 31.715 crates .t'-r.Mnl'Vont'venola Ky' 'were coiiblimea to American Importers. F3 E; Front Street 1920. LIABILITIES Capital Stock $500,000.00 Surplus and Undi vided ProfitB (Earned) 1,303,967.84 Reserves for De preciation and In terest 190,000.00 Dividends Unpaid . . 3,635.50 Deposits 8,040,260.70 Total .$10,039,864.04 llnrrr V. Hand. Vice 1'res. nnlrl Porter. Assf. flec.A Asst. Trras. umrr r. Van Iian. Asst. Tr. Offleer. $4,028,625.72 Awaiting 168,539.58 $4,197,165.30 and npurt from tho Assets Krjslonr, Kuce !90l Kxrhanrr 1 t lll.li lir.ule llonds NEW YORK BOND SALES Summary of Individual Transactions on New York Kuhange tSAt.KS.IN tiooo Amer'n Ar k Chem Ea City Tarls o: Mln t Pt I. 4S as. .. l:ii 4 87 3 D0H Amer'n AKr & Chcm d ns 02"i 0... 02i Amer Dock A Imp't Ss 3 7 Amer Hmelt'g & llelVe Rs 2. 03H Ho Kan A Tex S . 8 . . r". B.. 3.. 111.. 2.. 1.. 11.1 H nVi 0314 n3 n.m 82 i 03 H o.m 1)3 Vi 034 Hallway 2 aji in M-i Mo Tac rm 4s 1.. 8.. ft.. S2 82 n2 ftl'i row Montana 1 77i Co 8s 1.. .. n 77 77 Cons'd Gas 7s 7814 n.... l ... A Tel i 5 ... 1 .... n.... 3 07S 7 074 Cuban C H ei 80 7711 T elt Nat' I Ilv.a of Mexico B" B 21i 7 701 7n . HR'4 . OS'. . liOU . n."l HO New O Tex & Mexico os 1 4 .. 4S S Y C ft II n R n 3Hs 2 I4, 3 04 S 1. .. 01 ,1 T C II II n It 4V4a 1 70'k l.... 78 IS.... 1 . A 'lei Si Tel fts 2.. .. 7R 1 7IU, 1 .... 7l 8... . 70 Del & Kuil 7a I.. . 100 Den 6 BOSi no A Tel Tel fli D I'an os "21 1 . 2 . 1 . 1.. 1.. 1.. n.ii 1 ... 07 ns l8 ni't n.m 03 n o.m D Can 6'4 '21 7 . 07'i f 07 4 It H I uanadt L'l' nnoi 2 S ... U0',i 804 80 4 .1. 10 . . no'i 2 1 10 2 1 1. Ann-French 3s 4. . DO", 1 01 . . 80 8014 " 8014 . SO' . . 80 -j i.lKht 11 3 00": n. n. 4. 10 no 10 o Ar 4. ... !)'(. . 113 . . . II01. ... nnn D Canada 31 I.. H7 1 .. 8(1', Dominion Re N Y ... on' ... nns public Rs row'r 4 s S. 8714 2 . B0i Vow Y N II llart'd 0s B ... 70 2. . 70'i . on n Itqpuh lis ... 70-4 .. 70ix i: Ry Minn it ft. . 71 t:rlo II R c A 2 . . 14 34, Armour 1 . ., 1 ... A ... 1 ... 4Hs 74 74 74 74 74 P.rlo II 14 rv DN VOilV 4s I 3 1 , ft... ,14, 1 0 if, t nnt-i . 801-j ... BOW Rwys 4s 10'i Itlujs As Krle I R c 1) N Y 10 10. 10. 10. 30' A T . S Fe 4 30', S- Y 78 K 30 3 3 74 , 74 74 W 73 ', 73'i . 3d N V Telo 4 '4 a Erlo Co in . 48', . !, is 4Ru 7.1 3 . n V. 7.1 7ftV4 .1, r. . .. 73 lelo'h Of nl tch T & S I'e Ocn'l Hire Sri 4s of '00 1 . 77i . S4'k Cenl Klec 'Is N Y West C ft A T & S I aj 2 nn 1 m li'iston 4 4s 1 .VI N k A W iv Us 1 . n: 1 t3 Atl Coast 1 4s Oov t Swltrer- 3. M'l land rets 2 ... 1011, Atl Coast Ij Is PO'4 no no 4 n7 W Po's 1 .... 0'4 0.. 1 . 1.. 1.. ft.. 1 0 . I 10! 103'4 I I 3 A C I. rets 103' 2 .. 07 t034 Da It i Ohio cv 101', HIT. 10.T 10T N l i. 3 . . ft Coal Co 4 s 1 . 734 2 . ft7' 1 . . ft' N'n Piclllle 3s 1 .. fiS'4 10.1 10 .12 4 N " I'atllle la 2 73 10 73', 7.1', Bait & Ohio Is 101'- l rnv, 1 . ni'. 103 10.1 S, 10.1'i 10a '4 1 . . 0!4 l)n It i. Ohl lis Noith 11 States I 2 r.s-4 1.. 1.. I 0 ". 14 1 1 . 8 . 1. HIT 101'i 1(131, IIISi, I0.T, 10.1', 103', Pur Co As 3 73 4 i l r.s Halt Ohio Its OreKon SI Is 2 Sft'4 1 7.14 1 8.1 'i OrK-W.ish'n ll 1 85, Co Nav Co Is nisiW.'u!', 10 k W Va 4 s 111.1 '4 raclllc (J.m . I I 2 . SI '4 1 ftf.Vj II A O 8 W'n 101 1031, nuc As 1 744 Har i Port Pau TAT Is Rt!, 3', a Chester 4h 1 02', 1 s ft 4 1 8ft Pa RIl en 4 4s 2 sS'i ft . h 2 . nss. ft . ns 2 nsti. Hud X. Man til 1ft ft.1 2 ' Aft 1 13 II & . ns 14 (IS 1. III Central fd Pa R Bin 4 4h O Tol 4s 1 . d'l 3 7ft4 1 1:. 10 . fill r.i R 4 4s '21 n Cop'r M 4'4 III Cen'l 4s Ml 10. no 1. . . 72 V S 04 '4 10 1ft. no no it It fts 82 824 824 Rkn Rap T 7. Ill Cent'I ft'4 1 35 I ,1 . 84' Pennu Cm I of G.i en Ind'a riteel ft 1 I 1 1 . 2 K-i' 1 . S7'-i C Ivca'r c I '4 lntboro M 4'-j 1 12' ... ., . I It Is ' Ctn'1 Lea'r fts 12'j 12 12s 12', 12 H Prima 3 0 ft 10 1 Cent'I Tac 1st 1 4 1 C . 1 1 10 c . 1 0(1 '4 ft 2. 13 cn " on '4 iin'4 1 1 10. Ohio 4', a Interborounh 70 70 '4 ... 71 O cv 4',s M,t it 44 10 . . 12 ft .. 12', li . 12 ft . 121.. 1024 l"-4 1024 1024 1024 1024 1 8 8 S. u c K 1 . 71 . 71 71 '4 .. 71 71 u c 3s . 74 74 74 4 . . 7IU .. 74'i . 71 Q Km 74 T, lntboro n r M 1. . 4.1 10 . II :i . . 4.1 43 4.1 1 Teo a lias I. A Coko Co fts 3 ... .Vii. 2 . ftn 2 ft'l', ft . ftn Ini I Merchant Marine 0s 1. . . 844 Jap Gov't Is' i r I thi n C "ll n 1 ft... 1. . i 10 I ft 1 3 1 5.: ' 0 1 .... 74', ! ..74 I 74 I "74 I ... 74 ! . .. 73'a Piori-i i I! let 1 ftd Peru Marqt fts 10 77 Philadelphia 1Q It County iv ft 80 1 80 I . 01 . K.1 03 . 0.1 't . 03 V, . 014 )' . 03 '4 . 014 I' 3 '4 ' 01', 03 S Jap Uov't 2nl 6 ... ft 4 . 8 4 20. 10 ... Phil Counts 4 1 :.l'i Public Servbr C n N J fts 1 on 6 .. 01 Reanlllk It Is 2 . 7s', 3 ..71 7 . '"' 1 78 4 2 is . 1 7s4 78 4 3 . 70 12 ,i". .. 72H. liuv't 4s . .. M'4 ChicHBo Mil S-t I" 4s 2 . 4'4 3 05 ChU.iKo Mil t fl V 4s '2,1 1 . . 70', 1 .... 704 Chicago Mil 4. StP cv 4Hs r..i ftft'4 . ni' .11 .11 .is ftV r.eiiudlc Cuba 1 fts of 04 0 . hli 4 Rln Grand A West'n clt 1.. . 404 1 .... II Knn C Kt !i 4. M nwy 4 s 1 01 03 01 01 03 Kansas Clti i. South n 3s 3 . Bl'4 Rio Grand A Kansas Cy T'l West'n 4s 2 . HI4 3 . 014 0 1 02 Railway 4s 2 on 4 oo 1. Chicaao Mil it StP fd 4',s 1 . . . B.1 ClucaKo Mil A SIT cm 4S 2 . OK 8 . . . 081-, 2 OH 1 . . 09 Chicago Mil A St V cv As 1 . , 0214 1 . . 02'4 10 2'4 ft . .. 024 C ft Nwn 314 s ... H 1 . . 0814 C & N'n 8s '87 r.ock lsid Ark Kingdom Ilel 21 nsu i,8'4 A I, 4 4s 1... ' 2 01 4 .. 024 1 . . '.3 alum Cs 1 ' 1! b!. nHu. 084 St L I n Mt A Kingdom He. '2.1 m n.m ni ns li.lH Uel- S Rwy 4s 1 0S4 clum Os 4 . . 0 10 4. 4 St J, I M A b R A O D 4s 3 111 St I, St s r aj 1 1 n 1 6 . o r,o Kingdom fit (11 Oil 111 nt ft s r In .. 47i, fium 1 . O 1 1 1 B 2 I..". 2 ., 1 3 .. B 4s 1001, 100', lUO' ltMI' 100 1004 1004 1004 10014 10D4 1001, 1004 1004 1004 1004 2 ... ooh St Nwn 7s .. nn'4 ion .. on' lit L Chi A 10 11 4 O T . lft. 1ft 3 1 H . 10 . A 1 11.. 21 1 1 4 4 8 10 2 Chi . nn'4 nn'4 . nn, nn'4 .. 100 Rwhs lis 4P 47 4 471, 47'j 17 1, 471, 47 471., 47 4 474 471. 1 fli '4 Chl n I L V fd Laku Shore M 1 . .ill S'n 4s '28 1 . 04 1 04 1.... 1 17 3 ... . 7n . 78 i . 784 . 70 4 "y 4. . 01 . 01 1 t'l Vy fla 84 '4 1 04 ', 2 .,, fl 1 fl4 I.ehlifh Chlcaao St P'l 11 . o ft 10 .. Lehigh l.lg't 'ft Mln & O fts 1 .... 70 St L It 8 l'ran Chicago St P'l Series A Mln & O 0, 1 1 ft4' M' ft I . M', ftl'. ,11 . ftl't, 3. ... 00 V, Chl U Sta 4 4a Mjers 1 1. 1. 1 1 2 . . 73t 3 .. 7.T1 Tob'o Co fts 1 77 4 I.ou ft N si 3s 10... . 4(1 L tt Nash 4s Chl Union Sta ct 04a B . in: rlt I. & B 1'rau Chl & W I 4s 1 . ft.. 10 10 77 4 Series D I . ft.V, I . B3V 77S 774 70', 1 . . HO 4 mi'. 1 nil'. 1 Chile Cop'r 7s 1 1 11,1 '4 I.ouls A Na sh- St I. A H 1'ran Series C ills Hord'j lis rets 7s 4 . 2.. . 2 84 '4 101 101 Si. H2 . . M M ... 83 Si Sn v City Copenha- uen B',s 1 74 ii I.huIh A Nash 4 I 1. St L vlllu Hold 1 . 00 City Mars's Us 1 ..84 4 2 . 8IS Cty New York 4s of '67 2 11 1 83 Cty Nw York 44a '00 10 . 60 MtT 1 Manhatan rJ'd Station 4s I.... M 1.... 1 1... 12 . 10 ,, Siab'ct 10 ... 1.... ftlH ftl ft! ftO fill I aj 38 33 ' Mldv'o Steel A Ord'e 4 4s 1 in,. Mld'o Steel A tirdln'a fts 3 77 a ll Itft 17'! 3 711 n 2 . 7IM, 4. 711'. . .... 87'i I .... 87H ! 87 S'n Hell Tel Bs 1 .. . 8ft '4 B 8 B 8314 b .... sr.t. Ter'l It A of 0 K of O llrlt St I, 4s 1. 0Ji I'd JU3T 1 8S'4 1 834 Third Ae 4 8 & N Alaba'u 3 . ion l'ac ci 70S, l'ac fj . 71 704 1'ae 4 sou U H llub'r Bs Jill As '03 B 70V4 Union 1 77 10 .... 77 1 77 2 7T 1... E'n l'sciric cv Uilon B 034 2... 1 S'n Faclflc fd V Kmelt n't A 72 Union & M'g Co fis 8 . . 00',, 1. 4. 4 S'n 72'. 1.. 1. . . . . 7.1 HO U 8 Pteel As . 72'4 V K of 0 llrlt 2 00'4 2 . . 00 2 . 00', 1 .... 00 3 . nob Vlralnia Os U Ilrost Ctfs ft 00 ft . 00 Pacific 4s & I'd 1021 . .. 04'4 DO', not, not, no', nn nns no '4 I'0't nn'4 3. . . 04'4 B'n l'ac cv 4s 3 ,n' B 7.1 a... 73 v& 8 n l'ac cv sjj 10 Oft. Va Rawys fts 2 n.v . 77 I 7.1 '4 n ... nss inn. 1 0.1 U K of O lint W n l'ac'c 1st 4 0B tt I'd W2 ft . 71 2. . . 701,4 7 70 , 2 711 U West Shore 4a 3 . . 00 10 CO West S reic 4s 1... . nr.Mi 10 14. 17 1. 21 02 V, 112 S 021, !2', 112', So'n l'ac Ter'l 1 '!'; 2 . . . . 04 S'n Hallw's 4s 2 ft 2 ft J..... 88 ft .... B7 8 112' U K uf a Urn S. I'd 1020 1 (ison 1... 11 Wilson . 00M, Co cv . 8ft 8.1 Vi Co 1st 89 ST 87 u 87', S'n ltsllw's As 4 70 2 70 87 B -4J Total. $n 414,000, compared with $7,808, 000 yesterday Thus far thl eik. 342. 11 '1,000. Same period last week. $33,U41, 000. Illch ni.02 8,-,(l(l si.n sn.'jo 8T.(IS sn.ao sr..i2 n.-.so !I.".7S 1 ,ow onss ."i on fit 01 Sl.iKI S!) 00 sr, in !1." 72 Si." I'd I Liberty .TVjm Liberty 1st Is .. Liberty 2d 4s .. Liberty 1st IVis. Liberty 2d 4 Vis. Liberty M 4 Vis. Liberty 4th 4i',s. Vic XotesSJiH . Vic Notes 4!J4H. . 1)1.00 fc,.no si.so Mi. 10 S4.01 Mi.ns S.-.2(l So.SO H5.7S Philadelphia Markets WI1I3AT Receipts, ft'J.lO'i buh. Is Mar ket larKely nominal Car Iota In .'port ele vator No. I red winter. $2 0.1TI 2 is. No 1 hard winter. $.'.0.1ffl2 ns No 1 rd winter. Farllrkv. J2.II0W 2 0.1: No 2 red winter $2 02 fT2n.1j No. 2 hard winter $2 n.'T 2 ni No 2 red winter, garllckv, $2 87 "2 'in No 3 red winter. $2.8nW2!lJ, No 3 hird winter. 2.802 02. No .1 red winter Rarllrk. 2 84 d 2 87: No 1 red Inter $2 !', 2 vs - 4 hard Hlnter. $2 Sftff! 2 S. No 4 r.d winter, carllrkj. $2 SOWS 83. No .1 rl inr, $2 81 fj HI, Nn ft hard winter. S2Mr2s. No. .1 red winter, (tarllcky. J2 70ci2 7n Sample uicnrdliiK tn quality 1 CORN R.celpts. 7'.i bu.h. Is MVkr' dull nnd uni hanged We iiunte is 'n 'Hi.illlv and location, it $1 78Ti 1 s 1 ), l.ut.r for I No. 1 llOH OATS it, celpts 7420 buln l yu' t but Irtrndi, Car lo-s -is tn ImMtlou , 1 white. ' 1 275r1.28: No 2 white. $1 ji.'i 1 JT N'n 1 white $12251123. No lhln l.nrt21 H.OUR Receipts, 1,2,12 il7H r muds Dull and hirelv t,!til fju ii vtlons iui, in , pi, nil in nn in lui white, Mfmlehr we. let n 11" ii K i tj toft I '" ' 'do. nearhv. $11 Tftsi 12 r,n. hard winter Mr.ilRht. 11.1 2.1TM.1 ;.', il.i short i i in Jit HI! 30 prh,7 0r- . Irar 112 i I.' ,1 .In pttint $13 atl 'f 1 4 2.1, do short pit. in $14 2.1 ft 1 1.1 fancj sprint ind iltv i,ul!- pilMit. famllv bram',. tIB .10(r IR 2.1. Il. Hour, $12 .10 of 13 2.1. PROVISIONS eteadllv held The quo. tlons nic. Ileef. In sets smoked mid nlr- idrbd. Tilo, tin. knuckles mwl tender smoked and nlr-drled 14c: pork Ltmllv $17 hams, S P. Hired loose miflii'ji-, do .klnnecl loose 4314.14, , do do nmollcd r!4.1',i. do. bolted, bonelee,, 00c nknlc 'liould rs S P. cured loose. 2.1c do xmnkid 20, , belllrs In pickle loohe, 21c, bre.ikfa.it , bacon. :itl, , lard, 22c HI'TTUR Weak with solid-packed cream erv 4r Umrr The quotations w,ie .solid . ''. t.itiie-ii, i. in, , iiii.iirciriiiK tiri-i-, 'is !"' "' extras. .174 .. t.'.tr, Orsts ft"4 "iftii'.,,. nrslH ,12ft 1.1,. ".iiitidf Hi 11, , Beab'd A Ii fd 1 40 in--, ,1-wrei 1're.imer.v rnojee io i.itn ri'i1, f 1024 C'1'4'. fair tn fcood. ,11W.1s4i prints Job- ,,,.. blnw at Ailroflt- for fancy und at .",tlf tltlv 1024 I r ,,llr '" ,h,,uc. , 1024 ntlUS Pine tggs firmly held. Quotations Mi1' I arr In fre cases nearbv Ursts "i0'f?.12u .,.r,,, I Vr dozen mnrbv current receipts lie. near 10.4, by nrcllnnrv to fair l4H,r western extra 1II2 rtrsts ..l4.-,2, . wcfieru firsts l7U.10o. sec 1024 ""'Is it ii.l iHinri-r .1i"ff41c. fanc candled r'l - innptiiL' at oiji'Mrje, ' CHi:i;sr sold falrlv and ruled steady vjuine" ..w voric. wnoir-inii'c nits current nink, fum v 274 '? 28c do tnmninu to fair 2Ki2,i,lo Lonsshorns 274 1 -"'4 c slncle I'atscs 274Ti"2'4c. Jobblnir salet of fano held goods 21117 30c. I.lVi: rOl'I.TRY I'owls not leghorns fnio-v heavv ,inef40c. do light and medium ?'..?"' "hlle I.tKhnrn fowls .14 31c lienlllng chickens, fa-icv vniow skinned not l.ekho-iis wlchimr 14 D 2 lbs npltce s ftnr broiling chickens, fancv vnvr sklnned not Leghorns nviKhltu- 1&I4 lb Hlileie 40W41C white Leghorns broilers w U-hlllg 14 TJ la lirle,e ,1S, 40r whit. L'Klinrns broilers, smaller alias 3.1 ir .17, Today's Investment oppor tunities1 due to the 60-cent dollar In many cases prom ise to oNtpiid a high yield over the years to come Yet. although present condi tions havo caused higher In terest rates, the factors of safety remain unchanged. The tnoro profit promised the greater the need for first assuring safety of principal. Baker, Ayling & Young J. W. SWAIN. Jr.. Manager Land Title Building Philadelphia, Po. P. C. C. & St. L (Pan Handle) Stock Certificates of Dep. Fractional Bond Script Bought and Sold Martin & Go. 1411 Walnut St. Philadelphia GEO. A. HUHN & SONS hTorKK r.n nnMT! Members of the Pbllidelnliln. Veir lurk and llilmco Sloel, i:rliuncrs .Nrw York Cotton Ilxrhanuo Commission Orderj Hxscuted in All the Principal Markets iinu.Kii'K t'pi'iiT ni.no. I41S Malniit st. Nl'.W YOHK cil-MCU HI llroadvvio, ,,. lork Armour & Co. 7h, 1930 Cleveland Klect. Illuminating "t-, 1933 Hcrshey Chocolate 7'sS, 1930 Keyhtone Telephone 5s, 1935 V. Gi I. 6s, 1921 B0ENNING, GARRISON & CO. .STOCK KXCIIANGR liril.niNO Members Phlhi. Hlork Hrhun- Stockwell, Wilson & Linvili Certified Public Accountants .Title Bldg., Philadelphia i I old roosters, 232flcs ducks old, 2ROS0C! sprlnr, anajc, pigeons, per unit InffiSOc. IMinSfiF.D POULTRY Fowls, fresh-killed, dry-picked. In boxes, welRhln n lbs apiece. 41ci welRhlnR 4 lbs 42c, weighing 3'4 lbs 8940c wclKhliiK 3 lbs., 3.-,ft.-l7c, fowls fresh-rflllrd in barrels Iry-plrked. welghlnK 4M.1 lbs nplere tic. MclahlnK 3H lbs , 37i aSi'l weluhlnK 3 lbs aSMSftc. lirollcra wist ern dry-pkkid MifrhliiR 1V4 2 lbs apiece ftftMOOc; htnllers western, smaller sixes. BO t B2ci old roosters, ilr -ricked, western, 27ci do southern 2," tt .'in . sprlntt ducks li. 1 3."c. KRKSH FIlt'lTM Anntea. .lernev. tier bas ket No 1, ftOcHIl 2.1. No 2 nnd drop, loff fiOc. Oranies, per box. $2 7BW7 45 I'lnt apples per cr.ite Win I'eachrs, (teorRla, per crate 7ftc.l ,10 Watermelons, Florida, Ier car. tfi04.1n Cantaloupes. California, per standard crrlc, $34 BO; cantaloupes. Arltnna, per standnnl crale J4ff'i.ft(l, can taloupes, southern, per standard crate, $2lrS 2.7B; do, per flat crate. A08.1c Cherries, Nnw York, per 4-cjuart basket, BOfOSc Illackberrles. per nuart 20M"7c Huckle berries, per nuatt lftirfSOc Currants, per nuart, 10ift1Hc Ilaspberrlcs, Jersey, P.r quart. 12J1flc. VKdr.TAIII.EH White iiotaloes. southern, per barrel No,, 1 1fl7B. No 2. $2 ,10f! 3 2.1 White potatoes .Jersey, per "i-bushel basket No 1 tl 2.H1 1 4(1 No 2. ilOclftl I'abbaR,.. I'ennatnnla per barrel. 2.1 Hi 7.1e. do Jerse per basket 1R5I2SC Onions, Jirse per bjsket 31(t00c I.WIAI AnVr.KTIHKMITfl . IfSf'THK I'lllt.Mir.l.PIII.V KI.KCTItir r, ivv To the Sloeklioliler. of The Philadelphia Kleelrle rompnnrt A speelnl mvotlntr of the stockholders of The Phlltdelphli V:iectrlc Company will be held nt th office of the Company, No lonn Chestput slrert Philadelphia fn 1Vrdnesda, eutemlier 1, 1020, at 11 o'clock h m for the purpose of innslder Inc mil neilnK upmi n proposed Increase In the authorised capital stock of the compnnv from 2 onft.non shares of the par value of $2.1 each to 2 000,1100 shares of the par alue of $2". cadi nil of which In crease shall be i:iaht Per Cent Cumulate o Preferred Stock nlso entitled to preference on liquidation to the pir alue thereof nnd accumulated nnd accrued unpaid dividends, to be redeemable at $28 per share nnd all nccumulated and accrued unpaid dividends; to be convertible Into Common Stock par for M, nt the nntlon nf tbi. holders, to haC tho same ottwj rights ns the Common Stock, and to have such other rights prli Irues preferences and limitations ns may bo determined nt said meeting, also of HUthorltlng the Issue Hnd dlspoul of ssld Preferred Stock by the Hoard of Directors at such time or limes and upon surh terms and conditions ns aiilu Hoard shall approve provided, however, thnt said shares shall llrst bo offered to ths stocklioldi rs pro rata for subscription nt par. and of transacting such other business as may properly come before the meeting. In nimrdnnrc with the b-l,iwa of the rompanv the stock trnnsfer books will be rinsed from 3 o'lloclt P m August 12, until 0 o'clock a m September 2. Ily ordir of thu Hoard of Dlnctors A. V. It. COB Secret arv asr liSTATB OF UOMAI.HA O. ItT.MP TON. deceased -Letters testsmentary upon tho estate of Ronia'd i t) Ientpton. deceased having been Kr.inted to I'ldellt" Trust Compnnv, ull persons Indebted tn tho said estate are requested to m ike pnvjncnt nrd thoso hnvln claims nsulnt the same to praJnt them without del iv at the nfllre of the mild lompany, 321-3JI Chestnut street Philadelphia. WM T. OT.ST Presldmt KSr" l.i:i.AM)i: lllll.HIM. AM) LOAN -" A sor: vriov Notice ! herebc fflletl to the tni kbolie--s of the I.elnnde IIiiIIiIIiir nnd I.oiti ivnr'. ntlon. n corporation nuanled nnd exMi under the laws nf the S'ate of pcntwlv nit i Ibnt In pursuance of a r snlutliin of tb hoard "f directors of said as.nutlfti i spednl meetlntt of lh' s ockhnlders of tl said Lelnndc Ilulldlnc; mil Loin Ao '.iMnn win be held mi Vtcslnr'dix. Hip Slli ill, if Keptrmher. IKO, nt li n c-loc k p m. at th onlce nnd reuulnr Pl.ir of tneetltiit of sol association Columbia Hall, 132", W 'olu'ii bin icve . I'hll'iil'lphl, for Ihc purtio, ,,' vrtln for or against ib. nropoted Incr a f '" capital stock uf the s ild Lclanl .... . ... .1 nnn linn 00.1 to $3,000,000 PHILIP bOVVIIIIIM Kecreiar B I OH YOL'NO Soil, ito- 'JS AI.HINK TIUST COMPANY Notice Is li rihv given thai hv a resolution of tin Itnird of Director, nf Atdltm Trust Compan, u special meetin of the stoi kholdf rs of said cnrpnratlun vein be held n t Its prlmlpil oflke 2020 Cheat nut street. Vhlladt ll hi i IVnnsvlv n(n, on tb, lfllh dav nf '-epteinhrr. I20, .it .1 .in p ,n P M . to take irtton on npprocal or dl. approval of the nropnsed Increase of capl tal stock of nab! cn-jiorittlon from IftO'J ooo 00 to $1,000 non nn WAITHIl C HVnitlS DICKSON HHITI.r.R A Jr, COIt'ci,,"1'' Snlli Itor. i -, , ZSy .NOTicr. m iii.ur.iiv civr.N that Morris RtNtiri )i,s eolil tig.,, str.r. ,t 1111 Ruci st to S imuel St in rind .. tlement will take plate ou Julv 24, a Ml . tun st ' lOTIPII lin'.i:RM N Rf.ALTV CO 5kknttf. or iii:.Mti . t.riiRiMi. deceased Tellers of anrlllnrv ,idm n lutratlon cum teiicmen'o nnnexo upon the rstat, of Hetirv A ITrrruh die a.d Inv'n.. hern uranted tn I'lPKLlTV TRl'ST (VII l PANY all persons Indebted to the imld state are requested to make tivm, nt and tho, 'having flilm tga(r,.t the sine -r on. nt tin m without ilela- it the nffl of thr s Id compan 321-111 CI es'r.ut l Plliadelphli WILLIAM P GLhT. Piesnknt I Or to t-s attomev s fTwnr.n is.ard iq ' 213 1 lher. III,.. Phllitil. Iplil, rs rgf i:stati; or minus j urov ir crn-ril ltttr f admit iniat'i upon th .ito if ThoiPis I Ke n cl ee,.d hnvlnir In nn trrantid to 1 Hiri.ITY TP.rT COMPANY nil prre-MiH lnd.iir-d t 'the stlil estate are requeued to tint, pet nKiit ,nd those h.ivlna ,'lalinr ittiln.l th tatnii lo present them without rb ia nt h, i off It , of the said rnmpirv Ni 1 1.311 i Chestnut st Philadelphia I WILLIAM P i.rcT Pm Mill- Z7 ITTK OrilLMtl JMlltl.Tr II KT I,H. deceased-Letter, ,. ,,.i .... upon the eMito of Heurv .Intrett rt. v .'',rn-ed bavlntr been ranted to 1 1 f V t p v rnt'sT COMPANY and Vr"r"iH V IIVRT I CY all persons Indebted to tb, mi i , tn, ue HOUrMed to make pavuient ,t hr n-M'ni: iiiiim', tu.-iins- me aim, , , , thm w'thout delav at tho ntfl. r of . ,n'i' in. Nis 32.1.111 Chestnut t lh cl'lph a WILLIAM p ., -t Pr , I PARTXHRSMll'S MITK K is HKKKItl tin K TlTT ( laiidr 1 mnk I.eiiiiiaii has withdrawn f m tc roiurtnershlp of .llnrlde & ( o,. lm.it I ,, Nn 211 Ileal i:stalo Tiust Ilul dma- P i lelph'i on July 10 1120. and that th bui nes of said copirtnershlp will heri ifter i continued under the came name ,,t th s un cldr.ss by Charles Andrew Mat kle. .Inlm II ieltlne shlnn nnd Jacob II, Croupe tl ri mattilnc pittners chari.ks txnnnv m' kir JOHN IIASKI.TINI! Vhinn U jacor f. cRoi-.si: ci.Afnn Fnwi ikvmvn- riN.NCIAI. NOTIC'i: c nmnionvvealth Trust Compiny Trus ' In Plrit Mortctko of The Hiimmels town (nnsolldatrd llatrr Compan) m urn e n 2". ion mr value of bonds b ord. r -r the t urt of Common Pleas of Inuph n ountc liirebv Bves notice that on l'rlil i Jul, 3i. 1020, at In n rlock a in at us off! f in the city of llarrlshur,; p., 2. Mark.t street It will receive elalms arising on .-aid bonds or riiupona bcloiKlnK thereto nd heir all persons Interested therein or slIiEliiR to have or bold claims attains! th niortikor company, and notLe Is further gn.n that all claims not presented wil b f,n,ver barred from partu Ip mon In tl P c els arisliif, from tho foreclosuro sale of th in rtwaKrd premises. c.ommonw:ai,th trust company Trustee TO fill". IHM.nKIlS 01' TIIK riltsT'MOKT r'' d pr cent 20-ear ulnklnsr fund k 1 bonds of the Majne Coal Compan N.iti Is herebv ulven by the c il ni Trut c. npinv trustee under the nwn. s n( the Wavne Coal Company, to the ( ol ,i ai Tru--t innipinv dated March 1. 1P17 that iiur'unnt to IP0 Provisions of salt' mon cbe it 'illl ro elvo unltl Anetist 0, lo.'ll. ,' It, cfn.e situate at No 317 4th nv. in Jk Itv o' J'lllsburch I'ennsvlv in , tenders of bonds for purchase and ritlietn in fre n the sinking .fund which now amount in SUM 102 14 Tho rluht Is reserve,) to i je i aii and ull tenders In whole or In rrl TUT. COLONIAL THL'ST t d Trustee Proposals iii-iiu. tT"Eu ,Vakti:i,iasi i:u (.riirnit. I'un'huse, Henc ciothlne and Kquipine Hi; aloii. Munlijons HuildiiiB Wasnitirttou l .Kil.llc.J proposals vvl"l I it.tivcil hr until II A M AiiRiist 13, 1U2U. for furnlshliia 12.J00 pairs Hi,k Socks and mo pairs Lisle, Sock Inforuutlon on f cwet I)l Wi-na tih; piTTsiu itdii rnvAT MHlel.MV It.MIAVAY COMPANY iitrri-.iiKKU nivinuMi mj,i Th. Muard ot uirectorK has declared til . ..... . . . Llmraii lulv 7 102(1 ' pimi.miki i'iii. JinTTii-in'ii The liiard of IHi. i .rs if tho Penn Trait' -c otm i have ids tl ,v ' 'lared ,, regular ,emlan'iusl illvlltnd of 3'r u, JM tr dlvldeinl.of ' rivahle iiiru.t , i. , rtockhollers nf re, ord .lull l", m.-n. Trans fr bnnKa remain ocn cneck. will ba .dividend Ol one anil our-iinir nviji nrr ,,pn. 'on the Preferred Hipck of iho Cou,pa,,v fof the ouarier ended June 30. 1020. pavabls I August 01 i".". ;v etiaanoiaers of rac ,rd I at tl o dose of business on Aurust 3. iii-h 11 l ClCCJlCh; PI t"1 Ai.rnurM oray eerelary MMKKCIAI. 1 Ifl'ST ('(IMIANY Pllllncle nhlt. July ; ',i'.n At a nieetlnu of the Una d of nirei'tora ,,,,', I..' ,i iniirterl, dlvldrnd c,r fm.r (41 per lent was clc lar d on Ihc e-.,pii , i u. 0f ,i,e e iniKuiv. n, v ,bie on Aurust 2. 1020. Checks will "' mailed UU"B JIUJUC.YiXLCOS..Troaaurerk MANUFACTURERS and JOBBERS We will put your business on an 80 cash basis by buying your open book accounts. Yoik collect them as usual and your business organization is not disturbed. ' Write, wire or phone for our representative to call and explain. No obligation. INTERNATIONAL FINANCE CORPORATION METROPOLITAN BANK BLDG. (Opp. U. S. Treasury) WASHINGTON, D. C. The S. S. White Dental Mfg. Co. 10-Year 8 Per Cent. Gold Notes lilted ticnst 1, 1020 flue Aurust I, 1030 Authorized and Issued $2,000,000 Tax Free in Pennsylvania The S. S. White Dental Mfg. Co., organized in 1844 and incorporated in 1881, is the largest dental manufacturing com pany in the world. The marked advances made in dental science have been moit pronounced in the last few years, result ing in sales increases from approximately $5,500,000 In 1915 to over $9,500,000 in 1919, with 1920 estimated at about $11,000,000. Net tangible assets which are now $8,772,314, or $4,386 per $1,000 Note, have increased to the present figure from $837,000 in 1881, solely through the reinvestment in the business of surplus earnings, except for the proceeds of this issue. Of these tangible assets $6,290,803 are net quick assets, or at tho rate of $3,140 of net quick assets for each $1,000 Note. These Notes comprise the Company's only Funded Debt! No bonds, or other securities, ranking ahead of this issue can be created while any of these notes remain outstanding or unpro vided for; and, no additional funded debt ranking equally wih these notes can be issued unless net quick assets are at Vat 200yr of the total funded debt, and available earnings for twelve months have been at least three times annual interest on the total funded debt outstanding and to be issued. The Sinking Fund of lC'r per annum will be available for the purchase of these notes in the open market. Earnings for the past three years, excluding 1920, have averaged $842,016 or practically 5U times the annual interest of $160,000 on these notes. Including estimated earnings for 1920, the average annual net income for the past four years has been in excess of $1,000,000, or nearly 6i times annual nolo interest. Price: 100 and Interest To Net 8 Per Cent Biddle 1 04 SOUTH 'W'A M Where whoIesale mi Wi mml M and a ! retail districts ffl ' Wy-WB M meet- wm X ItffiWM "Alwaxb Commercial" If ' ill A3k DC MM if N'lV Wm'm NATIONAL BANK r'A ': Mi Jam "ii Market at Seventh H 3&mEastt$mm& Mrf'w wwn mwzz n Mtt K?$ --Tl !sL" " 1 e: -" lSSSSOSSSESSBl - 5E& ll 1 DUQUESNE LIGHT COMPANY First Mortgage and Collateral Trust 6s, Due 1949 Free Pennsylvania State Tax Company Pays 2c'e Normal Federal Income Tax The Duqucsne Light Company, serving the entire city of Pitts-burRh with electric light und poiver, is one of the moit prdpeioub of Public Utility Companies. The Bond- vluch are a First Mortgage on a large part of the I ompany's property are of unquestioned security. We recommend their purchuse as being a Bond which will not only give a high return, but one which will show a considerable adiance with a return to more normal interest rates. Price 85 and Interest, Giving an Annual Income of 7 and Yielding VA BROOKE, STOKES & CO. Members Philadelphia Stock Exchange 15th & Walnut Street Philadelphia 102 St. Paul St. Baltimore & Henry FIFTH STREET Cities Service Company 7 Series C Debentures Interest requirements be ing earned 11 times over. Convertible into Cities Service Company Corrl mon and Preferred stocks on attractive basis. Market value of stocks Junior to the Debentures more than five times prin cipal amount of outstand ing debentures. Yield 7.45 Plus common stock dividend accumulations Circular "C" on Request Henry L. Doherty & Company 604 Morris Bldg. Philadelphia, Pa. rhone Locust 1440 ST. LOUIS SAN FRANCISCO RAILWAY CO. Income Series 'A' 6s Mkt. ( bout S173. per S1000. bond) Luted on the New York Stock Exchange. We solicit oiders for these bonds. NOORE & LYNCH CUSHMAN NEWHALL MANAGER 1340 WALNUT STREET ITZ CARLTON HOTEL (ROADiW ... - rairn , NCWYCRK. tUIUWMa PHILADELPHIA K PrrrsBUKGH 70CK UCHANOCS D. W. Griffith, Inc. World's Foremost Motion Picture Producer CLASS A STOCK $15 PER SHARE We offer this stock for cash or on our 20. payment plan. Full Particulars on Request Scott Stump Investment Securities Stock Exchange- Building I Ml' ii -l I'M i V. PA New Irirk ,i 1 i at. .vile N irrlstown. !uw ' h imbt r-nurir, Pa JULY 1920? Where, today vvill the shrunken dollar ro as far as In the purchase! of high grade securities? Many excellent issues can now be ac quired nt a fraction of their worth. What are the outstanding stock and bonds deserving of considera tion in July's market and why Our special letter JULY 1920" analyzes certain Issues deserving of the investors consideration Send for FREE COPY. Marketable srrurlUrs carried upon conservn f(p marginal basis ODD LOTS u micrtaltu MILTON HEIM & CO. (Snrcrs;ors to Cioldbrric A Helm) Members 1 Phlln. Mock Kehane I linn.. Mock Kx of N. Y. 1G22 Chestnut Street riionrs: Bell Sprites (1017-4300 Ke.TStune. Ititr ?AO. I Tl llroadw iv A tun mi, Te.. V. v. st .infnril Conn I I I Armour & Co. 7s, 1930 Cleveland Elec. 111. 7s. 1935 HersheyChoc. 7!2s, 1930 Penn. Central Lt. & Pr. 6s. 1963 U. S. Rubber 7'2s, 1930 West Penn Pr. 5s, 6s. 7s At the markets in all short term notes and equipments MrCown&Cq' Lotus! 51UI Land Title Bldg. ""Ml Ntw York lei Connection. Canal 4(11 llli; l.Mil.l(bl(i.NKli III'.KIMIY CAlXs for presentation of all llrst innrUuno bond of Issue dated November 1. 1013. for TJ. dempllon 111 accordance! with teims stated thereon " FIRE flOMPANV nv ASHLAND AND VICINI7W V.lilan.1 VJ... V. . sliland. Nrvr Jersey '1 .-! 1 S V P L T July lb. 1U20. HAMILTON, Prm . ii N ,-,(. Hi,&i.. 'i-Vvii" 1n- A ;V Wfie-ll ll Ij. ,; M1 - 'VVVv sVf4j ,
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