ffW k-. v- -20?;,V;' fWlfQIW :Frww TOJP ixisesx ' tl 'N Jz vt.W&9. "' t HEW ISSUE ,f-1, T il litlllr ,jM,,.l SVJP fifrEn , S, i I' aiViirin hhit ntiinnrtilf' ..'-.. - ilnnillinil nfl" y ' fT 4 ' 6.375 TO Wt YIELD EXEMPT ritOW ALL FEDERAL INCOME TUXEt $265,000 CITY OF SALISBURY, N. C. Yc Improvement Bonds Dated July 1, 1920. Due s shown below Principal and semi-annual Jntereit.payable at the National Park Bank, New York, N. Y. Coupon Bonda of $1,000 denomination. . I riHWMCtm. tTJITMWCNT Af letted Valuation (officially ettimaUd 1920) $18,000,000 Net Debt ' 794,643 Population (1020 U. S. Centut) 13.8M SALISBURY la located In the most fertile acriculrural part of North Carolina, known as the Piedmont Section. This City's population has Increased more than 94 in ten years. Thete bondt are a direct general obligation of the entire City of Salitbury, payable from an unlimited tak on all the taxable property therein. W own and offer the following amount and -maturities, subject to tale and approval of our attorneys! $12,000 annually July 1, 1923.1927 23,000 . " July 1, 1928-1929 99 and .Interest Yielding 6.375 to 6.15 $23,000 annually July 1, 1930-1932 30,000 " July 1.C1933-1935 100 and Interest Yielding 6 Descriptive circular L.101 sent upon request. R. Boston GRANT & 31 Nassau Street, New York St. Louis t CO. Chleag upon Thi data and statmetsithU MvUemtnt wtri obtained from otleial rttorti or art our opinion based i information which too rxeard w rtliabU. and. while thev an not guaranteed, we believe them to o correct. The Safety of Your Life Insurance T1 "HE amount of your life insurance is rela tively unimportant. It is the provision you make for its conservation that affects most seriously the future welfare of your family. A LARGE amount of life insurance left without restriction in the hands of persons inexpe rienced in business often makes them the prey of unscrupulous schemers and fake "investment" salesmen. Life insurance left in trust will provide a steady income for your heirs. Our officers invite you to confer with them about this. Commercial Trust Company City Hall Square West Member Federal Reserve System I tr - -n National Oil Company (of New Jersey) Owns and operates CARGO VESSELS OIL TANKERS OIL BARGES In addition to its exten sive oil -land holdings in United States and Mexico. Information regarding the Common Stock of this Company will be furnished on request. M- S-TJToirFJE, fifc Co. SSTA.T31JSHED 1SOO 41 BKX3AD STREET, NEftTKCUElK. PhoHotBrtxid 25 , $400 Will Buy (I lUrt itA if) ,I,lJ thoroughly seasoned lUted dividend paring tockp, maklnc compara tively euro JlreralBod H,t Jhat I. particularly inviting In point ef probable en hancement in marketvalue. Nurn on the investment equivalent to 9.2 per cent annually vrith an Initial depotlt of ml,Md Un ""biequent monthly paymenta of ap P'oalmately 32 each. stocksonixsa, q Broadway rWrfrk V TtltpUtH. Ruhr 4 663. 4 Attractive Convertible Notes Ohio Cities Gat Co. (Now Pure Oil Co.) 7 Notei to Yield B Convertible Into Common Stock A Safe Investment with a Good Chanca for Profit Reed A. Morgan & Co. Members at tho Phil. Stock Jtich. Wctt End Trust ttdg J'AWa. Cities Service Company 7 Series C Debentures Interest requlremenU be ins earned It timea ever. Convertible into Cities Service Company Com 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 Pins commas stock tHrldcHd accumulation Circular "C" on Request Henry L. Doherty & Company 604 Morris Bids;. Philadelphia, Pa. risen Leeust lite NEWBURGER, HENDERSON & LOEB Members New York tmi Philadelphia Stock Exchange 1410 Chtstnut St a?k V (J T Municipal Service Co. Three-Year 8 Coupon Notes Pennsylvania; Tax Fro Company serves IS communltlei having population of 300,000 In four uuiee. Earnings applicable to Interest on tntue notes over elx tunes amount required, Price 991,4 to Net 8.30 Baker, Aylinf & Young i, W. SWAIN, Jr.,.Maav Un4 Title ildy. eete fklUJalpkio Frederick Peirce &Co n. vest GC VOt mnt ieai etsmt tMst, ruUitiUm mm uual mm TO FOREIGN PLANTS First Big Shlpmont for Indus- trial Use Leaves Port for Christlania TRADE TO BE DEVELOPED Anthracite conl for Industrial use la now being shipped from thin port. Kx rortatlon of hard coal for commercial purposes in looked upon as a new In dustry. The American ship New Hrlt nln sailed for Christlania yesterday with C000 tons of buckwheat coal for commercial use. Because of the embargoes on shipment of bituminous coal mnny vessels nnd coal barges havo been lying idle in tin Delaware, some for a month and longer. Shipping men declared the demurrage on these vessels was mounting so high that anthracite, cargoes at higher price would profit them more than soft coal at an indefinite date. The Mason-IIcfllu Coal Co., which has Immense coal pockets at Pier 75, on tho Delaware, took the initiative in thli movement in contracting to lond tho New Britain with anthracite. Most of the other large dealers declared the project Impossible and refused con tracts. The task wos to be mnde harder through tho fact that the vessel was to be loaded In midstream. This uns done by loading the coal on barges, whence It was transferred by cranes to the ves sel anchored In midstream. First Shipment for Steam Use This Is the first time antharcltc has been shipped, It was said, for use under steam boilers, nnd when the cargo is distributed throughout Norway at the end of the sixteen-day voyage, it will bit the first time anthracite will he seen there. This coal is to be used mixed with soft coal. Tho shipment will start a new In dustry in this port, it was said, since anthracite heretofore has not been ex ported to nny extent nnd the tie-up in soft coal has reduced bituminous ship ments to a minimum. Tho car situa tion, it was said, and traffic conditions generally, have marooned thousands of cars in Philadelphia, which are stand ing along the freight tracks near Port Richmond In continuous lines. There is no fear of n coal famine in Philadelphia this winter, according to .1. W. Mason, president of the Manon Ileflln Co., who said that, although surplus stocks which arc relied upon far the fall and winter demand are somewhat depleted, shipments to this territory should be sufficient to satisfy demands. Mr. Mason is elated over the success of his venture in anthracite exportation nnd believes the way will be opened for 11 growing business here. Shortage In New England Mr. Mason explained that while this section will have enough fuel during tlic winter for home consumption, a possible shortage is looked for in the New England states. That Is due to the fact that the grenter part of New Eng land's coal is shipped from Port Rich mond, and this port has not been re ceiving as much coal as formerly. Coal is now received from un -state by rail. loaded on barges higher up the river and deposited at the piers at JL'hlladel nhia. If the canal were used more to ship coal, it was said,, prices might be lower and the city would receive more fuel, but ahippers make more out of the rail shipments. U. S. STEEL REPORT SHOWS NET GAINS Balance Left for Dividends Is Equivalent to $3.96 a Share on Common Continued improvement in net mm Ings was reported for the Juno quarter by the United States Steel Corporation yesterday, the total for that period being $43,155,705, compared with $42, 080,010 for tho three months ended Match 31. The surplus, after all charges anu icnerai taxes, was $20,43:1,5.13, eaunl. after allowing for nrnformH ,iivi. dend renuirementa, to $3.00 a share on mc ;oua,ou.:,uuu common stock out standing, in tho preceding quarter $3.88 a sharo was earned on the junior stock issue, so that for the first half ot 1020 the. corporation earned the full year's dividend of 5 per cent, with a surplus of $2.84 a shore remaining. The total surplus, after payment of common dividends for the six months ended Juno au. was wt.uu.viti, an increase of SW.uiu.uiD over mo surplus reported at the end of the corresponding period a car ago. A feature of the statement of the Juno quarter's earnings, compared with the March quarter, was the sharp drop in the April net compared with thai ot iinrcn. me resneenvo totals bcina $12,100,440 and $15,704,000. But with net earnings of $15,203,513 for May and $15,750,741 for June, the romnm. tion was enabled to more than offset me siump in April, as the January earnings amounted to $13.50.1.200, while the rcbruary total was $12,8S0,010. The net earnings reported yesterday were arrived nt after deducting nil ex penses incident to operations, compris ing thoso for ordinary repairs and main tenance of nlauts: allowances fnr n. mated proportion of extraordinary cost rcMiiuiiK. irom war requirements nnd conditions of facilities Installed; al"o estimated taxes, Including federal In come and excess profits taxes, and In terest on bonds of subsidiary com panies. No explanatory statement was Issued to account for the small total of the Auril carnincs. comnared with Mm- n,i June, but it was.nbsumed in financial circles that this was due mainly to tho outlaw railroad htrlke which tended to restrict new oruers as well as deliveries The improement In the transportation situation was reflected In tho earnings for the two following months. BERGDOLL TRIALDATE SET Erwln to Faoo Court-Martial on August 10 Tuesday, August 10, has been set for tho beginning of the court-martial of wrwin uerguou, 'millionaire slacker, now being confined in Castle William, Fot Jay, Governors Island, New Yoik. Announcement of the dato of the trial was made by Lieutenant Colonel Charles O. Cresson. prosecutor. He will come to Philadelphia next Monday to Interview the witnesses from here to be called at the trial. The members of hu Broomal, Dela ware county, draft board are expected to be the star witnesses for the nrosecu- U?,n,, Threy g?,, 8-EIU, chairman; William L. Sullivan, clerk, and George O. Barber, secretary. Bergdpll still refuses to tell where he was during the more than two years he was a fugitive. He has requested that Major Bruce R. Campbell, the military officer who defended Grover Bergdoll, be assigned to defend him In place of Cap tain John M, weir, already assigned. c New York Bonds fBAT.Efl m 11600) Vrtta Optnlnc Unlit 3 p. m. (N. V. Time) Amer Smelt' O Cantda '20 & Ren' B" 1 B1U 3 76U 10 D1H 3 76 S OIH ATelJkTelBP 0 81U 8..... TBS V Canada '81 3 7BH 1 B0 4 7BU S 80 1 75K 10 80H 1 70 Erie ueni wen 1 78tt 2 80 V'4 4 7BS 1 80 A Tel Tel 0i B 80 1 04 1 80 1 04 1 30 1 04 2 38U 2..... 08U Erie nil Co 4 1 D3',t 1 48 Ane-lTrench B 2 48 uori Bwiinr Una rets 00M 00 V4 DOtt .001 00 V, now 00 u 90 W 78 78 73 7S i. 73H 10 8.. IB.. 1.. SO.. IB., 1.. 10.. Armour 4Hp 74H 1 74 3 74 1 7B A T k B re 4 1 73H 10.... 1.... 8.... 1.... 3.... 1.... 1 A T B Fe nj 04S 1 04H 8 04'i 1 84 2 04 '4 10 04 Atoh Tranpo'l Short L. 4p 0 60 10 0OU All C Line clt 2 02 All Coaat L. 4i 1 71 0 71 ACL rets 7 1 87H 2 07 B 97 nail & Oliln or 1 B8 2 BSH 1 B8H 1.. ... BftU nail b Ohio 4p 2 BOH 1 SOU Bait & Ohio B 1 B8 B B8 1 B8 3 B8 Bait & Ohio 0a 85 .84 8B 88 V 85 84 83 6 B 0 1.. 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Ill Cen'l 4s '52 1 06 III Cen'l 4s '88 1 04 Intboro H4s 3 12 Intboro R T f d 1.. 4.. 14.. 38.. 10.. 13.. 60.. 1.. 2.. 44 44 44 44 44 44 44 44 44 Jnt'l Merchant Marine us 3 84 1 84 Jap Gov't lat 1 73 10 78 1 78 Jap Gov't 2nd 1. 6.... 25.,.. 2.... a.... 1.... 2. 4. 72 72 72 72 72 72 72 72 Jap Gov't 4s 1 B4 64 Kan C Ft 8 ft M Rwy 4p 1 60 Kansas City ft South'n 3s 1 62 Kansas Cy T'l nwy 4s 1 65 2 0.-l4 u uu Klns-dom Bel slum 0a '21 B 98 2 98 ivinsaom lie) clum 6s '25 1 93 Kingdom Bel clum 7p Republlo Iron ft Steel dp 1 80 Readlnc RR 4e 9...I. 7t") 3 78 8 78 2 78 1 78 Republlo Cuba Bp of 'O to bO Republlo Cuba Bp ot '! l 81 nio a & vf cit 1 40 Roclt Isld Ark ft L 4s 8 63 Bt L 1 M ft 8 R ft Q U IP 1 64 St Louis ft Fran ai B...I. 1 1 B 0 B 10 1 St Louis Fran In 10 1 11 12 20 20 6 10 1 1 1... 3. 2. 2. 6. 1. 10. 00 90 . 00K, 00 90 90 99 99 1)11 99 99 99 9D Lehtch Vy 4s 1 61 li Lehigh V'y 0s 1 03 Lift ft Myers Tob'o Co Bp 1 77 Llc't ft Myers rob-o Co 7e 1.... 102U Lorlllard C 7s 102'. L ft Nash 4s 1 70 1 70 0 77 6 77 Lou ft N al 4a 08 Louis ft Nash- rctp 7s 1.... 101 Man E Sta 4s 2. ... 60 1 .... 60 5 50 Mld'e 3 ft ) 6s 1 77 Mo Kan ft Tex Ilwy 4a 1 63 Mo I'ao rm 4 s 1. 1... 1... 51 61 51 01 52 61 51 3. 7 5 4 3. . . Cuban C 7 8 10 .. . 10 . .. 1 .. 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U K of O Urlt ft I'd 1022 17 91 0 91 1 91 4 01 2..... 01 12 01 U K of Q Hrlt ft I'd 1929 4 81 V li. ot a nrlt ft I'd 1937 10 80 1 cfV B 81 10 84 2 84 1 64 U S Mexico 4s 2 20 V 8 Mexico Ss 1 85 U S R ft I 5s B 80 2 80 Ut'd R'ds San r eq ct 4s 3 21 Ut'd Rwa San F unct 4a 3 21 U 8 Rub'r 6s 10 77 B 77 2 77 1 77 3 77 U B Rub'r 7 1 08 U S Steel 6a 00 91 01 01 01 01 00 Black 5.... 12 1 3 B 1 6 Utlca ft Hlver R R a oou Va Rawys Ba 1 77 1 7IUI Weafn Md 4a 3 4ftf. W'n Pac'o lat i 7AV Wilson Co cv i 85 3 ft.Mi Wilson Co 1st ; 88 8 1 00 High I.ow Liberty 3Ms ... 01.10 OO.fiG Liberty 1st 4s.. 85.00 83,10 Liberty 2d 4s... 84.52 84.52 Liberty 1st 4 Vis. . 85.70 85.04 Liberty 2d 44s.. 81.84 81.00 Liberty 3d 4Mb.. 88.84 88.08 Liberty 4th 4V4s. 85.10 85.02 Vic Notes 3ia.. 05.70 05.01 Vic Notes 4&4B.. 05.78 05.08 (N, Y. tlml r i:ib Jt m. 00.08 85.50 84.52 85.70 84,70 88.70 85.00 05.70 05.70 DAR SILVER In Vio. Domestic bar silver was quoted New xorK toaay at aavio; foreign In London, the price was a higher, at Investigation of tho Proposod Change in Standard Dolayod After Attack by Wogloin FEARS PLAN TO BOOST COST No action was token by Gouncll's committee on transportation nnd public utilities at Its meeting yesterday on tho proposition to appropriate $25,000 for an Investigation of the United Oas Im provement Co.'s plan to change the standard of gas units it provides. The measure under couidcratIon pro vided for a comnlctn survey of the Kas situation In Philadelphia to prepare the city lor the opening or negotiations lor a new agreement with the company. Tho present one expires in 1027. The ordinance was introduced in Council by .In in en A. Dcvclln. admin istration member from the fourth dis trict, ni n sequel to the ordinance passed by the chamber temporarily sus pending tht' twenty-two candle-power lighting standard fixed in the lease until January 1, 1021, and permitting the substitution of n heating standard of Urltlsh thermal units. The minimum dally nverage provided for in the ordi nance Is 5."i0 Uritlsh thermal units, the approximate equivalent of fourteen candle-power units. Devclin Explains Mr. Develln, who is a member of the committee, explained that a report by experts would enable Council to de termine whether a standard of British thermal units should be made perma nent. Ilecommcndatlons for the future conduct of the gas works, he said, would bi n hnHlR for n future decision by a succeedlne Council n to what should be done with the plant after the expiration of the present lease. Ilichard Wcgleln, president of Coun cil, upon whose motion action wart post poned, sharply attacked the ordinance. "Let the cos users decide the ques tion of standard? and not experts, ' he ald. "Let users of gas compare their bills under the standard of British thermal units with those under the candle-power standard." Mr. weglein added that until a decision was had from the "jury of consumers" ho would oppoie any step to make permanent the newly authorized temporary standard. Weglein Attacks Plan "Let um not be swept away by the country widi movement by gas com ponies to increase their profits by re duclng th quality of gas," he con tinucd. "I am satisfied that the move meut for a change of standards is nut onl to conserve oil but nKo to ndd to profits by saving oil. Sir. vvegleiu referred to the statement by Samuel T. Bodlne, president of the United Gas Improvement uo., uiat tne company requested the British thermal unit be cause of the shortage of oil available for the manufacture of gas. Mr. Devclin said that if a decision whether, the heat standard should be permanent were not made by Council before January 1, 1021. the United Ons Improvement Co. would request that it be continued. DIVIDENDS DECLARED Inland Steel Co., quarterly of 73 cents, paabl September 1 to stock of record Au iu.it 10. International Harvester Co quarterly ot SI. 75 on preferred, payable September 1 to stoclc of record Aucuat 10 Columbia Oraptinphone Manufacturing- Co., quarterly ot 23 cents an common, 11.75 on preferred and a dMdend of five shares of common on every 100 shares of common out standing, nil pnyable October 1 to stock ct record Hcptemoer 10 i Southern I'lpe Line Co.. quarterly of 14, i payable Sertember 1 to stock of record Au ' cuat 16 I Amparo Mlnlns Co . quarterly 3 cer pent , and an extra 2 per cent, payable August 10 to stock of record July 31. Delaware and Hudson Co , quarterly 5JS per rent, pnyable September 20 to stock of record August 28. Union American Clear Co , of PIttabureh, liquidating; dividend of 20 p-;r cent on pre ferred, payable September 1 to stock of rec ord August 10. j MMppMh ipaMPpapai"ss n " ' PRODUCTION ENGINEERS 35 Years' Experience in Labor-Saving Devices & Methods Designers and Builders of Automatic Machinery, Punches and Dies and Manufacturing Equipment of Special Character Engineers and Machinletn A. NACKE & SON 236-242 S. 9th St., Phila. JMf Phonf Walnut 2747 Keystone Phone: Main 3311 Knowledge is Power The successful builders of a business have an exact and comprehensive knowledge or the fundamental conditions of plant the financial and commercial elements of their business and a knovrr ledge of trade opportunities and added to this knowledge, the power to convince others of the truth of these facts. foft, JBacon & "VsviC Service is unique in the Valuation field in that its Valu ation Department is closely related to a trained Designing Engineering Depart ment and similar departments devoted to Construction and Management. , These are available and often import ant in reaching conclusions, as to a reli able estimate of value and as to the pre sentation of the facts in a convincing manner. Address: jfotik USacoit & ?avt6 n0ineers 115 BROADWAY NEW YORK FrmTKrWBaaBBm Bumper Crops for Canada lVlnnlpec. July 28 Hot weather fol lowlnc heaw rains of ten davs aco caused wonderful growth of all cropx. Onernllv apeaklng. irraln now 1b as far advanced as in an aeraro senson. Con ditions ore uniformly iroort In every part of the three prairie provinces. Southern Alberta has undertrono a transformation. All crops look well and promise birr yields. Between 40,000.000 and 60.000. 000 bushels of wheat will probably be harvested In southern Alberta, which will also bo ablo to export considerable hay. IJstlmates placo tne wneat Harvest In the three prairie provinces at 300,000, 000 bushels and yields of other grains proportionately heavy Heavy Yield of Spring Wheat Chicago, July 28 Crop Expert Crowell. who has covored most of the sprlnp whent states, estimates the crop at 285,000,000 bushels. He finds that most of tho so-called rust damage has been mused by smut, which has affected ery large arenn, but so far as ascer tained has not penetrated western C.imula, which ngnln had rains within the last loriy-eignt nours. 1 The Flower J That Lured a Man Rich listless no interest in life when sud denly one idea owned his soul! He searched for the orchid in many lands, though a waft of its perfume meant death. The marvel of them all, like a sensuous Oriental beauty, captivated his emotions held him en thralled. It struck terror to the hearts of native and foreigner; they shook off its influence he shuddered under it. But what of the French girl and Vlei-la, the flower-like native maid who knew the secret of the lustful blossoms? A tale of the South Seas, this story, in two parts, is as vivid in imagery, as exotic in color, as appealing in its mystery as any you have read. ASIA Long Term Bonds Short Term Prices The only secured obli gations from which American investors have been accustomed to obtain liberal income returns have been those maturing within a 'few years. However, it is now pos sible to buy strong long term bonds at prices which yield even better returns than provided by short term securities a few years ago. Write for recommendations, Hemphill, Noyes & Co. Members Nete York Block Brctianoe Franklin Bk. Bldg., Philadelphia Now York Boston Scranton Tho American MAGAZINE on the Orient Over sixty Illustrations ppecial art insert of eight page This magazine of rare tale3 and strange customs of foreign life and remote peoples is publishing fiction that leaves a lasting impression. It shows the human I) sideof Oriental character, so long inscrutable, and drops the gang-plank ot imagination on new shores swept by breezes fresh with the tang of Eastern romance. In the same issue A study of the ' 'Warring Mentalities of the Far East' ' the case of Korea and Japan, a remarkable human document of political and racial issues, told as a drama. The smooth finesse of ' 'A Turkish Coffee House Tale, ' ' wherein man allows that the wisdom of woman is not always as "nut-shells cast upon a roof-top." "Colonel Thomas Lawrence, the Man "in which you glimpse, with the privileged few, the quiet ways of an Englishman whose exploits startled the world. An exhibition of the "Darius Greens and their Fly ing Machines" in Petersburg, a century ago, and the ascension of the "flying ball." The source of many Eastern textile designs "Frag ments of Angkor Wat." An art insert of 8 pages' 'The Fishermen of Japan. ' ' d Out Today 35 cents per copy All Newsstands ASIA PUBLISHING COMPANV 627 Lexington Avenue New York City Investment Bonds Welsh Brothers OSS ClIESTmTSTMKHT rbUadelphla Iombard 1B4S LHHiiiiiiiiitiiiiiiiiiminiiiiiiiiiiiiniiiMiiiiiiiHi uitjiimiinua I MSH OIL i i All Ornden Spot nd to Arrl I TURPENTINE : ROSIN and All Grades of PineOils I 1 PENNSYLVANIA REFINING CO. Swanton and South Sts. g flombarcl 7B Ma)n 88j A lllllllllHlllllllllllinilllllllllllHliiillllllliailiilllllllltllllllllllllltl Stockwell, Wilson & LinvTFl Certified Public Accountants Land Title BIdff., Philadelphia I flc&ifa,7faficP EDWINj.5aiOETTOC0t BBc&lAlIITUDES .,RT,'.,, "S8.1 ?'etrlo Light . ,., I'lilluda, hubiirbun Ju A. Mr. . (hortiiw 4 MeinplilH Iwilrund Co. Niiliiirbaiifia o. of l'lillada. ... HiulTrr Ol 4 Kellnlug Company.' jarnio rruit ittprraa Co. Equip, la, MrmCrr. Ujhn.drly iSrl, EV?A, r rilllnilrlnlilt Nlork M7 cinMti;T x. 1 Ci X) I "l I & i ' V ; 'A ! ;1I 1 Bp. 1BS1 Ji n::mu 2:.- sjx v i M. y tr
Significant historical Pennsylvania newspapers