3
V' ' .'-,''. '
.jf'tV
te-
V, ,y, .... . ' . '. , .- TITTN 1 IT A "TY- TTM m flrt li'ftnn
IVVJUJN.LJNU- rUJOLiIU lbJjjJLjrJttJtt rULLi&JJMUlf&LA, Jtf-JLtJLU.A.X, AUWUDi u, J.U-6V
Penna. Co.
4 Secured Gold Bonds
Due April 1931
Payment of Principal and
Interest Guaranteed by
PENNSYLVANIA RAILROAD CO.
Trt of rennsylrnnla Slat Tax
Price to Yield 7
Particulars on request
Carstairs & Co.
'promptness. Accuracy, Sacuritv
14.19 Walnut Street
Philadelphia
GOSSIP OF
THE STREET
Tho beat1 crowd wore not n happy lot
"Iter the close of buslnosH yesterday,
homo of tho moro active members of
Mint clement of the trading contingent,
lnn'Lmnko tllclr br,nl nl butter In
Mip.1B "iwntlons, clnimeil thnt for
n. i i,,n.y" ,,1(,ir Pxcursions had ro
uted In Iossch and this condition be
'n, .mr? Iirouonnced nftcr the re
pented drives were made against "a
claltl F 'coding incltisti lea spe-
... ii .' b"cn expected these raids
would be effective in reaching stop
nient on the foreign developments and
outlook. Some bankers are of the,'opln
Ion thnt tho grent part of the turmoil
abrond has been discounted, while others
equally well informed are apprehensive
of even more unsettling happenings.
Confirmation of the rumors1 of gold
coming to this country on Itusslnn nnd
rench account could not bo hnd In nnv
rcsposlblc quarter. The gold that is
being imported from London represents
metal from South Africa, which is
coming as n rnmmnrlltv to the highest
market for gold. These importations
win continue.
nusineas Failures In Netherlands
The number of business failures In
the Wtllortnnlc axnnnllntr tn tllO TC
ports of Frnnk V. Malifn, American
coniul nt Amsterdam, during the first
mx months of 1020 was 075. nn increase
NEW YORK BOND SALES
Summary of Individual Transactions on New York Exchange.
tBALKS IN 110001
From Oprnlntr Until 2:00 p. in. (N. V. Tlm)
oruers in large volume and forcing re-'of 1J5 per cent over the corresponding
newcrt lfuilation. but instead a con-1 period of MM. when the number was
Mjlcrnble crop of underlying buying WW. The number this year is about the
tf
Imbfrs. I'hllr.ilflnhlii unit
ew lorn biock r.icnnnifs
71 Broadway, N. Y.
We Offer
at a Price
To yield over 9, tho
8 Preferred Stock of
a corporation engaged
in an essential in
dustry. Dividend
Requirements
Earned nine time
over.
Annual Retirement
Provision.
Restriction on
Further Issues
Increasing Net
Earnings
Large and Growing
Equities.
Ask for circular
Henry L. Ooherty
& Company
604 Morris RuNcling
Philadelphia. Pa.
Trlrnhonri Locust U10
FINANCIAL
PriipomilH
COI'NIY nONDS FOK SAI.K
N'nllrii Is hrrrby clM?n I hut ths Ho
County Commissioners of Schuylkill Count)
oricra nppearcd nt the low level cs-
inDiisrieij and all the offerings, both
J.?1", the room traders and the com
miwdon houses, were enslly absorbed.
Ah a mutter of fact, the "romcbnrkV
Propensity displayed by the market
throughout tho entire session 'kept the
bear ramp In a nervous state through
out the day. This timidity was es
pecially mnrked In the Html dealings,
nen there was. appnrently. a whole
t. i """tlon from the reactionaries'
ranks, fundamental and money condl
lions may not favor extensive demon
strations on the constructive side, but
unless surface signals are misleading,
tue nedr camp has become overcrowded.
Technical Rally Is Duo
Commenting on the market sltuntion.
a prominent observer snid yestcrdny
mat before the end of the current week.
Possibly today, a technical rally should
be started, or. nt least, the decllue
tompnrnrHy .becked. "Indeed." he
said, this latter development has al
ready taken place, and further drives
made of special Ksus are apt to pro
cure scant following."
"Alrrady quite a few stocks have
returned to the lows of August f, and
some have gone lower, but this has not
made a new low In the general level of
the market, while volume of activity
diminished when the low levels Were re
pented. All of this 3 technical evidence
of an upward reaction interrupting the
downward movement, which could run
two weeks nnd amount to from 4 totli"
points In Individual stocks, and this we
expect nt any moment now. An im
proved sentiment in Important banking
quaiteiw xiipplcmi'iitH the technical Im
provement. Furthermore, the Improved
"entiment N not b.iclrH optiinNm.
Wholly npiut from the technical fmt
that the iilustritil average has canceled
0i per cent of the advance of 1111!), and
that run In recent weeks n stock like
llethlrhem Steel H litis lieeu down HT
points In ii month, there Is the tin
iioiilited fnct of geuuliie Improvement
In the business silur.tioii, even though
tl.li improvement, cunnot reflect Itself
from a money standpoint until Decern
her. Helween now nnd Seiiteiuber 1
this optimism enn produce a rally, nr.d
I expect it."
mmc as that In the years immediately
preceding tlie wnr. when Business inn
ures In this country numbered between
1.100 nnd lfiOO per nnnum. niirltiEthe
wnr tho number declined to about 1000.
The present increase, therefore, may
fnlrly be considered n return to normnl
conditions. Ilesldes. there is no trade
depression in the Netherlands which
would cnuse nn unusual number of
failures at the present time.
Ruso Koolcd the Hears
One of the financial news bureaus is
responsible for the following Interest
ing story told about the movement In
Ualdwln locomotive stock ou Wednes
day. The story goes on to soy :
"This morning's newspapers said
stop orders aggregating B000 shares
were in Hnldwlu Wednesday from 00
to DD'fi. Traders were gunning for
these stops on report thnt Interests that
put the. stops In were In such n position
murketwlse that stock would have to be
sold at thoie figures. Tlie real truth
of the matter is that stops were put in
by the Ualdwln pool itself nnd the
specialist in Baldwin wns not averse to
letting traders know nbout it. Man
agers of the Baldwin pool wanted the
news to get around knowing thnt traders
would go after these stops, but It was
their Intention in the event thnt Bald
win got below par to withdraw the
stops. The ruse worked to perfection
and Baldwin wns one great big bear tip
throughout Wednesday's sesslou. The
real facts got around yesterday nud
traders continued covering their snort
contracts which resulted lu running
the stock up to 104 shortly utter
11 o'clock." , . ,
According to ndvlces received from
N'ew York. W. A. Brantley, the spc
liullst in Baldwin Locomotive, denies
there 1 nny bnsN for reports of n stop
onler In Baldwin from ill) to Vs and
aggregating R000 Hhaics of ntock. He
said, furthermore, that no traders had
any way of finding out the market posi
tion of Baldwin as it appear on the
specialist's books. .
Till: TKADBR.
LOCAL MINING STOCKS
TONOI'AII 8TOCKS
Amr'n Aicr r
Chun d fit
4 nts
5 01H
Amer Smelt's
& Ilefl'c E
1 74V4
1 74
.4 74
1 74
2 74
A T A Tel clt
' 1 7RV4
i tsu
A T & Tftl Hi
1 'D5Vi
1 0V.
i oVi
Ann-French tin
IS DOH
0 P9H
1 0IH4
10 onH
12 00H
Armour It :
It F.it DIS
10 74i
R 74;
2 7R
1 7S
1 7B
Alch Topek.. 4
S l's 4i
4 74H
4 74
n... . 74W
1 74i
Atch Topka A
8 Fe cv 4s
10 6R
Atch Topkd A
B Fe )
2 60
I!U A Ohln rv
2 0411
n
3
4
Chi A Nwn B 1
Caah Hoy
tin. TIiiIIap ...
1 MncNamara
MurNikiuarn Crcs
'Jllilwny
: .vuimIi Rxt ....
t. .. . . ..... . ... , i .Muniana
i-nmiineni ounKeis sain jestenlay North Star ....
that nil indications point to continued i neacue Kui j
1IIJ Asked
.07 .
Little Hope for Cheap Money
4 OTUlliy VWiiiiiirnniii a vi t'-iiuinii VI"IIM;i , .. .....-. - ... . ,.u... v ,, oiiiimui'i i t I
Stato of l'ennliinU. will receive nealeil Iirmne is in the credit situation ntld that I Tv.n", -mi
KnTrSft. 'St-wl1 omuVr?tr?.?tnCvn-:0,1ini,.: I contmerelal deflation , can only progress $$ Tlonoah ..:::.:::::::
un'ii it 'SO o'clock A. II. Xlnndjy. Auk'isi an. ' gindunlly. Irrespective of the approach
Thoumi nollur; ? (700.00n) Heii.iilklii , ' ' l( la!'K(,!,t '"
crop -moving deiunud for
Connlr llcniN. ipnufd for defraying the ex-1 funds and the forthcoming henvy litiau-
K-l iLmi'ilmnnirth.T''i'l,t? Kn.h,WJ5"l cltil rco.uireiiients for the railroads, n
tween Hometown an'l inp uorouan rt nirnrd ' . .. ' .. . , , . ..
vllle this county, nnd to be known ns ! - I i it of caution is cumiiellcd by the
Hirhway Jiond" of lt'20." Said b..n.i to K-iropeau situation. ome of the hlgh
b of the follnwlnit denomination! Entity , n..-.,.,ii ..n. .:.:,. i n, ., .,-..
bonde of t:ono denomlnailon each, num- r"t Mnatl''Illl ntlthorities lu the country
bored cnnnccutiveiv from No. l to No. bo, , report that there is n division of senti
Incluehelys li hundred hords nf JIOOO ile-
nomlnntlon each. No 81 to No. '.'HO. in. !
ln.!vlv. two hundr.'d hnndj. of 1T00 rf. I
nomination each, numbered No. 2S1 tn No I
4R0 lncluelvely. Said hind to bear Interest
at the rate of fle and on-half nr rent
(B'i't) per annum. Coupons pivable Julv
1 and January 1 of each ear. Tho dttc nf I
mnturtlv of ill obligation Is to be on the
fir.t dav nf July. 10.10, but honda may be
romed on any Interest payment day after ,
the HrM day of Julv. 1U30 '
At the eami time and place bids will aluo i
b- received for th purchisn of Tn Tlun- '
drrd and Seventj.one Thousind Dnllara
1271.000) of Srlmylklll Comity Hands, to
defrav the expense of bulldlm new cnuniv
brldees and to be known aa "Bridge nond.
of 1n?0 " Raid bonds to be nt thn fnltou'lnir
d.nomjnatlona: Forty bond of innno denom
ination enrli, numbered consecutively from
No 1 to No, 41). Inclusively; fifty bonds nf
lionn denomination each numbered No. 41
tn No. 00. Inclusively; forty-two bonds of
IBOfi rich, numbered No 01 to No. 132. In
clusively. Said bonds to hear Interest at ths
rate of fle and one-half per cent (S'4)
ter annum Coupons payable September 1st
end March 1st nf earh year. Th ilii. nf
mniurlty nf said obligation In to be on the '
nrst nav oi nepienner. in-'i, nui nonas may
be redeemed on nnv Interest payment day
tfier the firs dav of September, il)30.
rurrhssera Itl be required to deposit
with their bids, In cash, by certified rheck
cr bank drnft. ten pr cent ttfl) of the
amount of such bids, the balance to be pa 111
whn bonds are delivered,
The rlcht Is reserved to reject any or all
bid-
Illds must be delivered tn the undersigned
Hy direction of th Cotintv Commissioners
JOHN E. HCHI.OTT.MAN.
Countv Controller.
pmi.vii' r August in?n.
rnnrosAi.s. run Tin: comitklx'tiiKI
ef n Lumber Storehouse. Olllco of the I
uuirer in vii.ibb u vunsiruciion. Frank.
ford Arsenal. 1'hlladelphla, Pn. Sealed pro-
u.mi.-' i.iii nn i -i.i-i,(-ii uric until i: 4', jv
iiciiat 3lst, 1D20. and then opened for coi
itrurMlon aa slated above,
ficatlons nn application
BEAI.KII 1'1101'U.SALS WII.I, HE RK.
enlvrd by the teUDerlntendmf. nt n..H.rI
Orounda and HuUdlnas. at his omce In ihi
Cipltol nulldlni. llarrlsbure. Pa., until la
o'clock nuon Tuesday, Auxust 24tli, luiu foe
the conktructlon.of a Cow nrn. Including
Plumblnit, Ventilation and Electrical Work;
rrriaiuiMB .uric.v, wu ,11a Eruunul of thi.
Btate Institution for Feeble Minded of Kail
em Pennsylvania, near Hnrlnn city, ciies.
tr County. Pa.. In acrordanco wllh nlins
nd rpecfflcatlons prepared by Philip 11
fohnion. Architect, 171J Sansom atreJi
hlUJflDhla. l'a. Plana, nuvinnninn. r 1
The Outlook
For Investors
Wc have prepared a let
ter which states the prin
cipal reasons for the
present low prices of even
the best securities, and
why American investors
can look to the future
with, confidence.
Complimentary copy of
this letter will be sent to
my on; interested.
Bonbright & Company
437 Chestnut Street
Philadelphia
New York Chleaio
Doston Detroit
Divmn stocks
Allied Ulv
Alto DlV
Helrher
llelcher Kx
Hen Hur
llrousll DIv
Divide Kxt
DIv Synd
I DIv Con
Dividend
I i:nst DIv
iHarmlll
i Haabrouck DIv
I High DIv
1 Hevert DIv i
Hi nu UIV
Itonctto
Silver Klnr
Tonopnh DIv
Tonnpnh llasbrouck
v ictury iiiv
Vinle DIv
Zone
GOl.DFIEI.D STOCKS
i Atlanta
' Illue Hull
I liii.ith
l O. D
I Comb 1'rar
ria.kefjnck
D.uinf II II
D.iluy
riou-nce
Uuldf Con
i Ooldf Merucr
Gold Dev
Oreat Ilend
'Jumbo Kxt
I Kewatias
i I.one Star
;Oro
lied Hills
Silver Pick
I Spearhead
.10
tV
.01
.10
.07
.01
.21
n
.04
in
.03
.0.1
.on
.111
.10
.'.'II
,01
.01
.114
.01
'1
.01
.01
.03
.01
.01
.01
1A
.or.
.07
.0.1
.12
.ti.t
.11!
.0'.)
.Oil
.23
Itt
.(111
l no
Chi & Ntvn 7s
0
1...
4...
2...
2...
1...
2...
4...
2
DDK
00 H
now
,00
00 'i
00
no
09 'A
05 Vi
Kn City Td'l
nwy 4 s
8 07
K Uelr 0) '23
2 01!,
1 01
K DetK'm 7 'As
8 07H
5.'.... 0T
fi 07
10 07 V,
Chicago St P'l.tehlih V'y 4a
Mln & O a
(1 8t
ft,.... 82
C It I b V fd
2 0B4
2 OS1.
30 OltVl
1 OS
Oil U BU 4Vi
2
1 70H
CJtlcapco t'ulon
Sta ct O'-is
i.... iom
Chi A W 1 4a
2 f.4
4 B4H
1.... 01 '4
Chll Cop'r (Is
n..
2..
r..
2..
4..
ft..
1..
14..
ft .
04 1
OU,
04,
04 H
04 l
04 i
r,4
Oft
04V
Oft
ofti;
2 Oft
Unit & O 3t,s
ft 70
10 !
10 70'4
Dolt A Ohio (
2 I0H
2 0014
2 00",
Dalt & Ohio ft
1 02
Halt A Ohio 0
R7'4
S7't
S7,
a S7 ,
ft S7H
ft H7,
1 .... 74
ft K7
R R8
ft S7i
1 87
11 A O Tol Is
ft 4fli',
10 40".
10 4flii
lleth Pt-el fd
3 78S
lleth Steel .'is
5 71
lleth S fts 30
1 70
2 70
2 78'a
ft 70
4 70i
1 70S
4 70'4
City Dord'K Os
2 saw
City Copenha
sen 6 lis
S 74
City Lyons Os
1 83;
City Mars's flu
2 8
1 83 V.
Cty New Tork
4'i" '00
1 83
Cty New York
4s 'Oft
10 no
Cltv Paris fl
10 00
Cl'd Cln Chi A
St 1, Km 4s
1 .... 00
Cons d (las s
2'..... 074
Cuban C H ev
10 88U
Del A Hud 7s
ft .. 100V4
p i & rt ii m
10 404
Det Tun' I 4'Jk
4 ... 70
D Con lis '21
r ns't
2 084
DCnn fts'-JI
0 ... 07H
t Canndu "L"i
ft OPi
1 01U
Erie Gii ! i
i an
l... . 30V.
10 3114
ft . . . 30 14
10.. .. .101,4
3 30 4
4 3014
8 . .. 3!)'i
i:ri n n cv a
10 3ft
10 .... Sftri
ft .. ..a"i
s .... 3ft
Crie II It r. II
3 30
3 37'd
10 37'i
05
I. 1st It en Os
2..... 80S
liN rcta 7s
3.... 101 H
2.... 101
Man l: SIh 4a
2 BO
Mich Ce'l d 4a
4 73
Mid SlUll
10 .... 77
ft .... 77
Mo IC A T 4a
s r3
2 B8H
Mo Pao m 4a
20 (12V4
New O Tex &
Mexico 4a
1 118
N V C A it n
It 11 en 4a
1 00 U
N V C A II H
n n os
2 .... 88
1 .... 88S
1 88
N T N II A It
4s of 'Eft
2 48
New Y N If A
Hart'd Os
2 72
1 73
N Y Tele 4'js
1 7ft
1 74 Vt
N V Tele's Os
3 .... 80
1 80
N'k A W'n 4a
ft 734
8 74
Renb'd A I- fd
S 41
6aboard A LI
4s Station
14 ftl
0.....' Ill
B'n Dell T Bs
1 80
B'n racifllo fd
2 73
10 73
B'n raqlflc 4
10 03
B'n ro cv 4s
10 74
3 OB
B'n Pao cv fts
1 04
4 04f
'11 044
10 04 ;
a..... os
B'n Pao IVr'l
1 Qft
B'n Itallwa 4a
2 R0
3 61)
B'n rtwa ol 4s
1 .82
B'n nallws (is
1 82
B'n nwy mem
1 77
B'n ny Mobile
A O Ctfs 4s
1 BftW
Third Avo fts
1 75
Union Pao cv
10 80
Union Pac fd
8 74
Union Pac 8s
1 03
U K of O Ilrlt
A I'd 1922
89 J
811
r.0
80 ;
80
80
80s;
1
4.
1.
8.
8.
2.
2.
U K of (1 Ilrlt
A I'd 1U2A
1 84
2 83
2 83
2 84
1 84
U K of a Unt
A I'd 1987
1 82
1 82
U 6 neatly A
Imp t Bs
3 70
2 70
Ut'd nwa Ban
F un ct 4a
1 22
U B Mexico fts
B 85
1 34i
U B Iluub'r fts
1 77
U B ntjb'r 7
3 "
2 .... 07
U S Hub 7
2 07H
2 D7i
U H Steel Ba
01
01
01
Pl
oik
ni
4
25..
2..
1..
10..
10..
Va nawaya Ba
1 .... 77i
Wost 8 re 4 a
1...;. 07
ft 07
4 .... 07
Wilson Co cv
2 83
Liberty IU
V,a ...
Liberty 2d 4s...
Liberty 1st 4Vis.
Liberty 2d 4 Ha.
Liberty 3d 4H.
liincrty 4tli 44r.. 84.81!
Vic Notes fMiR... n.-),02
Vic Notes 404a... 05.04
Illnh
1)0.0(1
84.22
84.70
84.no
87.0(1
(N. T. time)
1:1s
r. rr
00.00
84.22
84.70
84.44
87.04
84.70
D.'.dR
1W.02
I.ow
80.00
84.22
84.1.8
84.2S
87.78
84.02
05.58
05.58
LIVESTOCK QUOTATIONS
ritteburth, Aug- 20, HOOfl Itecelpts. 200
head. Higher. Heavies. I1B81.1.25; heavy
yorkers, Slfl.llOlfllO.Oft, light yorkers, llft.BU
iliio.i.i; piae. is.nii'tf'in
8IIBEP AND LAMIIS Rerelpta, 100 head,
Dirndl-. iop snrep, w; top lambs. J1.1
iv i.oivcceipis,
There's No Base Like Home
By H. C. W1TWER
CA
Top. 118,
lfto head Hleher.
Boat Buffalo. N. Y Auk. 20 CATTLE
Hecelpta, 7B0 head. Blow and easier Calves,
receipts. 000 head: tl 75 hlahr; 10020
Nn 1 'acinic Is ( lower. Heavy, lift BOWIft 7ft! mixed S10.2.1
i.... --x lu.iiwi yoiKfn, 10 nor 111 no- nam jork-
?a,.,?ifl.,?I"'.nu: nJKi S1B.80WI0. rouahe.
S12BOPI3; stnas. S8W10
RIIEEP AND. I.A.MHB HecelPts, 2000
head Lambs, 10c higher. Lambs. 10
13.50: vcHrllnas. JOWO: vethers, 17 508:
ewes, I35J7: mixed sheep, J7O7.50.
.04
n-.
.07
.02
.15
.27
.112
.02
.Oft
.03
'
.0.'
.02
.03
.0
.07
,0ft
II coppr M us 1 ,, K 1, r(. n
ft ul 4 m
Conads. S'n fts rt yotih A D
78
form of proposal may be had upon makinn 1
application to the Architect and deposit Hi
Thlriv doilars (130.00). which will be r,.
aw,ii,.i ufw. hi. .c.u.it w. .IIV IJIHIIS aUU
specifications In eood order.
By order of the Hoard of Commissioners
St Publlo qrounda and Ilulldlnes of thJ
Cemmonwealth of Pennsylvania
T. W. TK.MPLirrON
BA1IUEL n. RAMIIO. Superintendent.
Becretarv
SCHOOL IJISTKICT OF AUUUIION
Cnmdrn County. N. .1.
H2.000 TIMIITYYKR S HKP.IAL I10NDS
Denominations of f 1000
7th, 1W0. by the lloaM of Education of
Audubon, Camrtn County, N. J fir the
above laiue of 182,000 thirty-year B Serial
uonos
Ths Hoard reserves, the rlnht to accept or
rtri any or all bids.
Address all communications to
nQAnn op ediication.
O. N Ilortmun, District Clerk.
Auni'nnN. n j.
''riTA'Jiy.Vi? ,im i'AM)i.INK. OILS AND
r.KKASl'.S Itaw iluteriaja and paints.
r,rAncli,,i 0I?" "'. ,t Quartermaster Cjen7
ril Dlrtctor of Purchase and atora.e,
fi,ulT ft!irrl.le division. Munitions UulW:
Ijr Washington. D. C. Sealed proposals
il 10Jutv'.lX51 .1'" un,il 1 ." Au'
J;nii;:'i,:n1 ,hen. $wn4 for furnlsnln
aal'.n.'...k,ro,nei lubrlcatlnir oils, fuel oil
8Jrv.K',t" "oulred by the army during
SsiMh'.' . N,mher and Dec.mbr, 1020T
aWhtr Information upon application.
Success in
Investing
depends on ability in
eetre the opportunity to
buy when prices are
low.
Well secured bonds
may lie bought now
nt prices thnt nanure
a high Slelil over a
lone te.rm of yenra.
Baker, Ayling & Young
J W. SWAIN. Jr.. .Manager
Land Title Bids.
Itoston
Philadelphia
Amp.iro
Arizona
Eden .
Mother Lode .
Novnda Hill ..
Nevada Hand
Wllbert
Nevada W'der
Tecopa Mlnlntr
ViTilte Caps . .
MISCELLANEOUS
United '!.'!!!'.!!!!!!!!
.01
.01
.03
.OJ
.Oft
.01
.12
.OS
li
,112
.01
.01
.05
.01
.01
.Oil
.03
IVi
.10
.OJ
.20
.08
.07
.00
1
ft T7N
1 77
r nrl Pai 1st
10... . 00
Ctl B It ol N
J rcic 5a
3 . 00
Obns'k Sr O fd
2 a:
C & O cv l's
1 . . . 72
2 72
crk A O c ts
2 . .. 70
.03 10....1. 70
.03 1 0 7fl"l
. 20 .. . 78
." I r-ii rf.nin nu
I.. .. 7ft
C Altoo 'I'j
2 34
C ll'n A O "-n
4 70
Cll A Q It 3'j
1 . . . . no
C ll'n A O !
10.. .. 04
04
04
02
.0.'
.03;
.01
111 I
".Of j '
;oi 30..
.lft i 5..
.10! 23.
04
04
94
V, chtciiKo Mil 4
,;:. 1 St P 4s "J'i
.l)t"l 4 70
.0:
.03
.07
.05
1
.lft
.00
.04
,2ft
.05
.00
.08
LONDON STOCK MARKET
Ulvloends
TUB AMUItlt'AN HAS COMPANY
101 Market Mreet
tuiuden, N. J.
.htr,',U,hr.Vlyb ',lv,dH"1',, oW.-or-ll.'oTp.r
leek f .m b"n "'"'"red on the capital
I 1020 .J.hl.Bh crni,1J Payable Heptember
o'cloek "iJ0 li" ""lholder nf record at 3
mbenWd AUKU"t '8' W2- Ch'cl"
I II TOWNSEMIl KA Tr..,,.
A..VliV,?li iU'.Ti'K noAKn or imtrc
aii -a ""h ,r'wVt corporutlon wds held
OfBd Vr .! XW' wni-n semiannual dlvl-
extra iiiviiirno nr ?un
THE VALU.TION OF
COMMON STOCKS
A booklet of tremendous Interest
tent free on request.
HENDERSON & LOEB
Members Netb York and
Philadelphia Stock Exchanges
1410 Chostnut St.
...J . '.' ' "im U
"ffie aei!irf ... n .-,.L..j --- - - .-.
en AuinV; S.h' ;VI."logKnnlTr" " recorn
toth loif) h' '"-"...Pavabie on August
" "" Cheeks will be mailed.
Stockwell, Wilson & Linvili
Cerlifiedunublic Accountants
Land Title B!dg Philadelphia
LIST OF
FIFTY RAILROAD BONDS
Wo have prepared a list of 60 Railroad Bonds wherein there is
combined sound investment merit, high yield (6.15 to 13), low
P"co, marketability and possibility of ndvance.
Copies FurnUhtd Upon Requat,
West Co.
1417 CHESTNUT STREET
fl, Spruce SSO rh,,,lpHiVmb.cr. Ech,,n-- Keystone, Race 000
.i ' i L Nnr Tork block' Exchango
lCiliivH?veHyvi
m,i'wi.rfi
Little Buoiness Transacted Some
Oil Shares Good Kaffirs Hard
London, Aug. 20. While the stock
exchange mnrketH held well today on
continued succohscb of tho Poles over
the Russian Soviet troops, little business
was transacted. The UHunl week-end ab.
senteelsm wns In evidence. Some, oil
Fharcs wcro cood. with Itoyal Dutch the
favorite. Shell Transport and Trading
wns b ana niexicun r-apie 11,
Home rails and Industrials wem un-
sfttled again, because of continued fears
thnt the coal miners win walk out.
There was profit-taking In Grand
Trunks. Dollar securities were higher In
sympathy with Now York exchange. Ar
gentine rails were offered, Mexican's
were firm. Kafllrs were hard on an ad
vance In the price for bar gold
Tho gllf-edged section wob unchanged.
Trunk Cine Deficit
Wnslilnrtnn. Aug 20. Trunk linn
railroads of the United States Incurred
a dellclt or jiB.uib.asn in their June
operations, ncconllng to a preliminary
report Issued today by tho Interstate
Commerce Commission. For six months
of 1920, Including June, the report
fixed net railway operating Income at
'13,664.120, against $15l,D3O,90S In the
corespondlng period of 1910.
Increosed wage charges which the
roads have been obligated to pay under
tho recent decision of the wage board
were included In a part of the mileage
reported on. the commission said : but It
had not been ascertained for all lines.
A full report on the earnings deficit will
be made after all of the back payments
shall have been allowed for.
GOVERNMENT BONDS
nid
Tanama coupon Is. 103S . .
Tanama retlstered 2s 1030.
Panama coupon 2. I"?-
Panama reentered 2s 1081.
Panama coupon 3s tOOl. ..
Panama registered 3s. 1001,
Philippine 4s. 1934
Philippine 4s, 1031
Philippine Is. 1030 . ...
II B Govt coupon 2s, 1030 . .
U 8 Govt realslered 2s, 1030,
U S Oovt coupon 4s, 102n...
It H Dnvt raalalerrd 4s. 102A.
Dlst of Columbia 3 03s, 1021,
. ,loo;
, .100'i
.,100V
..1001
.. 77
.. 77
.. 78
. . 78
. . 78
..100
. .10074
..10.1
10,1
R.I
Ask
10114
101H
lniu
loiij
80
so
8.1
8,1
8.1
103
102
100
100
Higher Bond Commissions Approved
New York, Aug 20 Members of the
stock exchange, by a vote of 245 to 6,
have approved the Increases In bond
commissions propowd by the board of
governors. Under tho new schedule, the
commission on purchases and sales of
railroad, public utility and Industrial
hondB will be Increased from $12,60 per
$10,000 par value to $15, and the com
mission on United, Statea Government
securities Is established at $6.25 per
$10,000 par value, At the present time,
no commission Is charged for executing
orders In government lesues.
BAR 8ILVER
Bar silver was 3id higher In ton
rdotodiivsat..i
m
i J7iu iiisuer in uon-1
O.ilcago Mil i
SUP cv 4'is
.1 . . . 07
II... . 07
3 ""'-J
3 ... 0"
llllCBKO Mil
jS'P fd 4"-s
3
K 57
Chicago Mil &
StP gm l's
4 70'
Chicago Mil 4
St r cv r.s
B.. .. fl
C ti Nwn urn
8 74
Illy let
3 03
(Jill I hli. Us
1 07i
O Swltz'd rets
3 74H
N'n Pacific Da
3 73
Oregon S I Is
0 77
Ont'o Tran fts
3 0.1
ra n gm 4 '4 s
1 74',
ft 74H
Pa II 4 ',4s '21
10 00T4
Penna It It .Is
7 84
4 M'i
7 4'i
1 844
1 84,
1 814
Penna II n 7s
3.... 102'4
I 102'4
3.... 102'4
3 1021.
10. .. 102'4 I
l'hlla Ilwy 4s
5 70
Heading Ilv la
3 70U
ft 70'4
Reading Co J
Ctl Col 4s
10 80
R I A 1. 4'4
2
1
. 102'
. nm
. 102H
. 102'4
. 102'4
. 10'."4
. lO'Jl,
. 10.",
. 102'i
1024
102'i
. 102H
. I02Vi
Atari
a.ivt
Mud Man In
3 .
ft..
.1.
13 .
si
.
ft .
1
10
0.
10
20.
1.1.
.10J
20
10 "4
20
20 1,
2(1 U
20'',
20 H
2(1',
Ilia Centnil fd
71
III Cen'I 4s ',13
1 00 '4
Mt rt 4'
10 lOftti
Intboro n T fd
3 42'i
1 42;
2..;.. I2;
Iowa Cent'l 4s
1 381i
I ... 30
Jap Gov't 1st
1 71
Jan Clove' t 4s
ft ft494
lft r4'4
1 M'4
K-"' C t S Hi
8 B3s
Kuu C & S Bt
1 05H
1... .
St Luula
Kmu a
1
1
03 ti
03 ti
03'
03
& 3
014
01 i
01 K
81 i
01 4
BlU
01 i
01 'i
St Luuls & il
i-'inn In
1..
1.
ft.
41..
io!!
10..
14..
4R.
48H
484
48 i
48 H
484
48
4H
4Hi
48
18 .
23..
10..
St l 1 n
Serla A
ft fl.1 4
1 ft.1
II.
.C,,l"I"",i Au5' 20 PATTMJ Jtecelpts.
4000 head. Choice steers strong- to 2."c
hlaher. Top. J17 2.1: others slow; bulk, good
nnd choice. tlft10.7r.; bst grassrs. I13.no
014.80 mostly; common and medium grades
wek. JII&12.B0: good and choice cmvs. JO. 7.1
fM2.B0: cannrs. J4l 7.1. steady, In-between
kinds, $!, HOC R. 7.1. wrv uneven nnd weak;
bulk botoima slow. J.1W7 ralves steady; bulk,
choice cnlern. 14.,ini!J,i; Ktrkers steady,
IIOOS Receipts. 13 000 head, uneven. 1ft
'I'-'Sc lower h",n yesterday's averngei cirlv
top. Ilft.7.1; bulk, light and butcb.rs. $11.00
fPlft.OO; bulk, packing sows 14t14 2.1; plrs.
2ft.10c lower! bulk, dislrnble kinds, J13.no
WH.
SHEEP Receipts. 10,000 head. Hlendv to
strong, apota hither, nn choice lambs here.
Top. native. I2; top. wi-stern. lis ,10; deck.
'.'"S,. .".' .veorllnga. tn..10. best fat ewes.'
$707.2.1; best feeding lambs, $K s,
NEW YORK COFFEE MARKET
New York. Awr. 20. Th sharp nd
vnnre In the Santos futures market stlm-
uinteu loeni sentiment this morning and
there was active coverings nt the start
of the coffee futures market by trnders
and Wall street housese. prices advanc
ing 28 to 55 points, a recovery of yes
terday's losses.
The sharp recove-y of pr'op in the
ftnto- futures market mav Indicate that
the Brazilian Government hns taken
stons to restrict the dnl'v receipts of
coffen nt Santos. Some dnvs ngo, such
rumors were circulated In tho trade but
the action of Santos nit that time failed
to Indicate any such contemplated re
strictions. Itlcht after the call, the market held
steady, trading wns quiet nnd It was
believed thnt there were buying orders
In brokers' hands awaiting word from
the principals to execute them.
Investment Interests bellevo that cof
fee hns declined far enough ana that,
vlth any sor tof encouragement from
nrn-ll, prices will develop a rapid advance.
f.VY time)
Ed Harmon, self-admitted prince of
pitchers, proves himself an allot king
In the following Installment of It. V.
iTIfujer'ji lafest ucc-s. "nsfnllmeit!
ore prlnlfti dallv. Follow through
with Ed Harmon, tho orratest char
acter of baseball flcllont
CIIAI'TI-R V
The Merchant of Venus
Fifth Inning
In the Midst, of My Drawln's Itoom,
N. Y.
Friend and I5te Joseph Joe, I w
writln this underneath the greatest of
difficulties, because wo are doln' notnln
le-s than movln' and everything Is in
wildly confusion. Chairs nnd tables :a
piled hither and yon and comln' heavy
weight champions Is roughln' my furnU
turo around the rooms and out Into the
street nnd I gotta keep a eye on 'em so's
they won't bust nothln" outside or the
usually $200 worth tho dishes and the
like. .Teanno nnd my baby has already
gono forth to my new homo, but I wnB
left flat here with tho Instructions to
come up with the motor lori-ffcs (English
slang for truck, Joo) which Is gonna
try nnd move us bo'b I can see that
nothln' In the line of house furntsnln's
getB lost, strayed or stolen on the ways,
unless H'b me nnd In thnt case It aon't
moke no difference. H'b easily enough
to replace a husband, Joe, but Looey tno
14 antics like our parlor set is em rare
no a hen with a toothache nnd must
be watched like a young Infant bany,
I will tell you how It come to the pasa
that I am movln' Joe, from my. magnifi
cently apartment up on Riverside's rtrlvo
whero Grant's Tomb and all the well-to-do
millionaires lives although of lately
It ain't as exclusively as form'ly, because
n family with tho unromantlcal name ot
Smith, which got their Jack outa the
snu'nges and choice bolognng etc, pro
fession. Is tnkln' tho very apartment l
am leavln' behind. The reason I am
movln' Is the same ns the reason I can
afford to do It and that's- no less than
Jeanne, the luckiest wife In tho world,
bcln' mlno
After the world's series Is alt wound
up and I have covered myself up with
glory, I come back to New York witn
Jeanne to become a second Geraldlne
Fairbanks In the movies. Undoubtlessly,
you remember I told you we had signed
a lease with a huge and famously com
pany which guarantees us almost nenny
as much salary ns Colombus wouldst
get now If he could come to life and
go to work somowheres as a judge of
leal estate. Tho lease claims we
must make nt least three pictures n
year and no questions nsked and thev
are good, square guys, Joe. even it
somewhat shrewdly and let 'em try and
bust my contract and they will see more
Inwyers nvo minutes Inter than tin'
nvcrnge Judge sees In a lifetime and
thcte's that!
"Well. Joe, one of the nrst thlngd
thnt greets my eves when we get, bark to
my tnt Is a oiflclnl communique from
the landlord Miyln' he wants to seo me
at my earliest convenience or In the
othor words, nt once. Of course, they
Is only one thing for mo to think re
garoln' this subject nnd that Is that tho
Inncllord Is filled with a cravln' to con
gratulate me for my wonderfully showln'
In the world's series and prob'ly ho no
doubt wants me to accept tho ilat free
could make twelve nets of dice at the
very least outa your head I C'mon
what d'yo wanna nee me about?"
Joe, he commence to tnppln' on hlB
desk with a lead's pencil, the whllo
DUlIln' Idlv at his whiskers.
I wanted to see you," he says, to
say that the chances are you are going
out of town again very shortly, unless
-unless you are prepared to stand a
little more on your apartment."
"I could Btand a little more steam
without no trouble," I says, givln' sneer
for sneer. "Accordln" to my maid,
which haa Inhabited the Joint since I
been away, she has been puttln' the food
on top of the radiators at nights to keep
It from spollln'l"
"You're the only tenant In this house
that's complained nbout tho heal," he
vays.
"The rest of 'cm prob'ly ain't had no
heat to complain about!" I comes back,
with a snapplly air.
"Do you think that's funny?" he
snarls. '
"I'll leave It to you," I says. "I've
paid two buckBto hear worse, many's the
time!"
"That will do!" be a-runtn. wanffln'
tho lead's pencil nt me "I sent for you
to tell you that you were notified thirty
days ago that at the expiration of your
present lens, your rent would be In
creased to $250 a month. I'm willing to
make It $230, If jou pay the first year's
rent in auvnncc. xnat's the uest l can
do '"
"I can't see Into It," I sayo. "What's
the worst you can do?"
"Dlsposscs you !" he bawls. "And
that's just what will happen If you don't
make up your mind In twenty-four
hours.
"1 had a party looking nt your apart
ment only yesterday, that was wlllmg to
pay $300 a month for It."
"Stop It !" 1 says. "You prob'ly Bhowed
'em Grant's Tomb by mlBtake." I walked
over nnd shook my fist under his beak.
"Is this tho wny you treat a guy which
went over tho top to fight for you?" I
says.
"At the time you were going over the
top," he sneers, "you weren't fighting
for me ; you were fighting for you ! You
hear my proposition take It or leave
It'"
With that, Joe. ho picks up the 'phone
and pays no further attention to me than
If I was China nnd he was tho League
of Nations. -
Well, Joe, my first idea was to bust
him In the nose nnd be done with It :
but this guy would at only add It to my
.telephone bill In the shape of a long
distance call or the like, so I held myself
checked, nnd. after givln' some slightly
vent to my pnslons by fllngin' him n hor
ribly look, I went back upstairs to break
the tough news to Jeanne.
Joe. It wns like goln' from the fryln's
pan Into the fire, because no more has
the maid permit me to enter my flat
when Jeanne commences oawnn me out
to the right and left Although I been
i. i Mit,iH -r.. ti. '
to halt Niagara Falls wit!
Ihere?" J,
"If you wilt then be qUH
in. "i win explain au.i , i
must to leave here, becauic
can have he oWn chatekl
out In those heau'.irui oH
llko a lady nnd not like
those box voil call flats 1
Is not use to live this wan
tnko ma nwav from mV ibe
and my charmant malmin fli
at least nave plenty or in
nlr and' 'I
"I'll say you was hayfa
irc-n nir wnen I tooit you as
mason do Verne, all rlclfl
"On account of thn roof ha
blowed of by a cnupla whliJ
wu importer- ino says
them shouidern of hers t
same ns my head, beln W
was lo guerre, llut before l
was mnern nmint I have nfev
tent to live the wav I have's
to tho Ktats Unls, but I eay
rauso you were not a ricn
Hdouard Hut now WW hi
franc3 and you nro no tones
plner. Jeanne will have Vfrl
the time nnd then there Is lltln
It Is not good that he shout
those dangerous subway, n'esl
"lie aon't nave to play in
does he?" I growls.
She lets that one pass. Jvtvl
we win navo tne array pr.fi
Fiiu 500s ot, "ine motors, qji
nurse for Aveelson. your val
du chambrc In Bhort, mai
shall In truth have the castle it
shall bo your chatelaine t Wl
heaven nnd earth more than?
you deslr7" ft
"Tho money to pay for It
I says. "Now llRten you mli
forget about that hashish eat
v. JUU1D. dt-dllllCi II7VHUBB lltTSJ
Harmon and not nockefeller.;"
way you have Just mentioned
get me sovo either, but I coul
buy a nhotogranh of the layout"
Just reeled off and there's
fact wo are llvln too expense
and I was Jigurln on canntq
and the chauffeur and then--!
"For weeks I have had tart
ters with Monsieur Charles Pi
now all Is fettled," she .goes on
ain t ever heard n comma ol
Just said. "It Ik away up on!
son river ana ' ,j
"Hey wait'" I hollers. "
who s Charles Prunty and wh
upon tno nuason Airjanyr'
"Non, non, non I" she say!
glorious ana magnmqua ens
luxe ! Twenty rooms. Revel
garage, stabtcs well,-you shall!
ror yourself, mon Edouard.t
amount.' I'oot it is 'liotnli
3fi,ooo. w will hurry up 1
nnd you fhnll glvo Monslei'
Prunty your check for half 1
will herself l'ii the nther h
Jumps up all excltod. "Marlel
lcrs at the maid "Have mo is.
phone Greeley 8S694, depechera
ven. joe, 11 was now niy-i
either be a. man or a mOuBo"
cnarmin wire runnin nmucKs oh
this, like I was merely one oL'M
'Vnee .Vnt..?r?ae,rrL Clti L n I heln mtepd of the lord nnd.V
Off of the Stuff for SO long that for all , . domains nf mv lint I era
on the ton of Washington's Monument.
she won't have It no other way but that
I have drop In at the corner to see my
old friends which she claims Is canaille
and has forced me to pass up. I says
I am not guilty; nnd, anyways, If I hnd
Cone In the corner what good Is It now
when we have all been took prisoner by
prohibition nnd a glnss of crack len Is
nothln' nut a mocKery. nne claims ine
Test, close Onenlnsr 11 a.m.
Sept 7.373S 7.n.1?70
Dec 8.10WI1 SfllflOft . P..1
March 8..17Wnn 8 00Tn 01 "0 0.1
Mav 8.70071 0 2.1 20 'B'O
Did.
Colorado Fuel Earnings
1
,ift
.1 no
3 r.n
i . . . .10
Sl LIS Fran
Srics C
1 !'
1,. . h.1
ht I. t S I-'rnn
cm Bs
2... 02
StI, & Sun 1st
1 ... 01
8 I, & Swn As
1 ft"
3 .... "4H
8t P'l & K C
Short L 4 Vis
1 01'J
Senb'd A I. al
0 32
10. ... 33
1 33
0.. .. 33
1 S 33
The renort of the Colorado Fuel nnd
n"'' ' Iron Co. for the quarter ended on June
30. made nubile today shows net earn
Ings. nfter all charges nnd taxes', of
$1,546,831 or $4.40 earned on Its com
mon stock, which contrasts with a sur
plus of $627,154 earned In the corre
sponding quarter of last year.
The gross receipts of the company
for tho quarter ended on Juno 30 were
$14,239,346 ngalnst J10.520.IH nnd
operntlng expenses $12,109,074 against
$9,386,099, Ifitvlng net earnings from
operations of $2,130,272 against $1.
144,315. Its other Income totaled $128.
120 nnd deductions for Interest, taxes,
sinking fund, etc., $711,602
Trade Active on Paris Bourse
Tiirla, Aug. 20. Trading wns active
nnd prices were firm on the Bourse to
day, owing to the favorable Polish news.
Three per cent rentes were quoted at
57f 6c; exchange on London, 60f 69Ho;
6 per cent loan, 87f 60c. Tho dollar
was quoted at 14f 12c.
for the next vent- nmi 1 nn, im, . ,.. la still 2.7S beer and I says. yeB. nut that
hall boys and etc. I was kinda tired 1 meant two bottles for seventy-five cents
nftcr the trip. Joo, and wouldst rather nnd they Is a -worse kick In skim milk
of gono to bed, but n man like me bell. I than they Is In that.
In thep ubllds eye from mornln' to I "What then has kept you so long from
night Is under certain obligations to one ' the homo?" she Bays, with a pout which
and all, so I went down to th" b.isi- would make them magazine cover dumes
ment where the landlord hns a o'lllce 1 tah" ether.
without no more further ado "Tryln' to keep the home so long, I
nnd drawed myself up coldly,
more dignity thnti they Is In tli
States Supreme Court when th(
Imnnrtntit nil -una hfn. 'Ans t !
"One moment, Mrs. Harmon f'j
uMin n name 1 seniom can jean
when nt the height of race.
ment ThlH Hero has gone far
vou iocm to nave forgot tnat 1
liu.slmnd In France a husband
nothln'. but on Riverside's drivel
band l virtually n East Indian
in nis home and the most merel
of his eyelash Is law ! 1 have.
I can't afford no country's h
thnt winds It get me? I am gorl
now nnd tell our gonlally landjorj
pay ine raise ne asus ami 11 ye
inn .-uonMMur manes a'mnty
dldnTIeTlpoffSa.r.-,Jc0hPa.trhaatndhltHrrtyo o takTtne Tp Knt' away from us" her, I'll say" he'll do"a piece of
klsa m .or nothln' HkS that inrtend M " wanna cancel all games you got 'tfe wconflu rir he pushes 1
he merely flicks n r dTv nod in mi 11 'scheduled for today; we gotta go out eJ Were gonna live right lu
rectlon and says" " and dig up another robber and try to I think we oughtn move. I'm b.
"I've been "vpectlnir to sen 11 fnr rent a flat from him otherwise this guy and I sot no Intention of abdic
the last week ; SllVtcr Harmon' ii-fSn will hurl us bodily Into tho street." your favor for tome time to cofi
vou been o oflu-n"' What does Jeanne do, Joe. but jump "For the next year, at tho lea
joe, can you imagine that? Have 1
been outa town after what I done In
the w-orld -i series! I bet thnt guy would
ask Pershing if he ever took a ocean
trip !
I can get aa sarcastlcal as the next
one If necessary, so I give him right
back his coldy nod nnd says:
"What d'ye mean, hae I been outa
town? I been outa town for over a
month ' Don't you ever read the
papers?"
"Not the police court news!" he says,
'lou should have engnged a good law
yer. What was the trouble?"
Joe, I controlled myself with the
greatest of difficulty. Imagine this here
k mm muii'Hu, wnicn ain't got nothln
but nine apartment houses on niver-
:r .j .'. , li. l. V: "".oreonu avenue,
intlmldatln' ihnt I had been In Jail'
"Are you tryln' to kid me?" I hollers
In n terrible rage. "Whv. vou ni,i kv.
I Just come bnck from boln' the bright'
shlnln' star of the world's scries, which
you prob'ly don't even know what that
Is, hey?
"World's series of what?" he sneers
"Parcheesl. you Idlotlcal hick '" i
yells, furiously with unger. "if 1
knowed ns little aa you do about what's
this nnd whn's that, I'd run for Con
gress nnd prob'ly get elected. I bet they
up and cJap her hands, tho while grin
nln' from one ear to anotner.
"Viola !" sh says. "But that Is char-
1 like to fell Into the baby's crib, a
thing I have always try to avoid.
"A,;.rm..nt?" I hollers. "What s they
charmant nbout beln' save tho bum s
rush, when think of the reputntlcn I
have got to uphold here and there ! U ye
realize how tough It Is to find a npart
ment In this New York burg now, hey?
They has been no bulldln' hlnce the wnr
and still und all fresh, new people has
been pourln' In by the millions every
minute. The towns fo overcrowuea now
address will he exactly the sar
lb now and there's that!". H
Leavln" her stnndln' there duml
to within' one-half Inch of her 111
1 gruDDcu noiu 01 my nat anq
from the room amidst a silenrli
would make a gnat's footstep sou
n. TXT nartv. . -...
They's nothln' like Bhowln yel
who's who and he done 'with lf
I guess I'm a sucker to give th
yegg which poseB ns a landlord 1
$230 a month for parkin space
little family, but nt the least I, i
satisfaction of not givln' In to V
m nute. ine towns u '""'" " ,,n(i h.,ve lvn heen humiliated nr Tal
that foundations for apartment houses Is I ;"" "-';?. "al t,een num'uaieu or t
beln' laid oft Sandy'a Hook and Fire J "ej Joe? ;
i-i,,ndi The chances aro we will bt .. . ' H truly, i
.'..i ovni tn Central's Park beforo LU HArUlUiN (Keignin HlonaisTJ
he week 1 out und " his Own Home, at tho least jfl
Milouard !" butts In Jeanne, very sud- (CONTINUED TOMORROW!
den and with thellrst traces of wtfel , CoyrigMt joto, Doublcday, Paroil
auger conirnvm-iu i'-i bhuh m uicm 1 , s
baby's blue eyes of hers "How often ;J
have J tell you to not holler at Jonnn, Hunters' Licenses Ready Augul
It JOU OO Ilirao iuiwuiic iwiiuii mciiup llnprUlmi-e. Vilw "rt TTnn.
of yours I have from here' Now llarrlsbttrg, Aug. 0. t,nforci
..... ...111 o nn molt,. nnnineiz.v mil'" i of Pennsylvania s hunters', licensa
' "Oul Is right!" I ays. tryln' to klcs which lias been in abeyance becau
tho approachln battle aw.iy .ma mlssin 1 delnys In tho delivery of license r
it from here to Russia. "I'm sorry nnd 1 nnd arm tags, will begin Austin
Vr-V interrupt your wife hht 'Saino K!"' ""&
ill
(LLI3YD
Cheap Advice:
To Those About to Build
You know Punch's famous "Advice
to Those About to Many Don't!"
Well, prophets of that sort are always
ready with the same advice to those
about to build. It sounds very wise and
prudentbut is it?
No business stands still. Yours is
going forward or backward which?
Do you need a new building? If so, it
will pay you to build it, and you will lose
money if you don't.
But perhaps you are competent to
do your own deciding. If so, you are just the
sort of person who will appreciate the help of
a competent lumber organization, one that is
always ready with large stocks on hand, able
to get more quickly, accustomed to prompt
action, able and willing in a pinch to do a little
moro than it has promised.
We deal not in advice, but in lumber.
Some day you'll build. If you want the
work finished on time, see that the lumber
comes from LLOYD.
William M. Lloyd Company
THEJ LUMBER CBNTRB
300 Commercial Trust Building, Philadelphia
ESTAliLSHED 168
aOUTIIISHN OFKIOE 0UAl.OTTK,'Nf O.
MlllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllliliUIIIIIII
r?$h; !.Hrisik. j,At. oAaiKil)klM
Giles Engineering Company, Inc.
DESIGNERS & BUILDERS
AUTOMATIC MACHINERY
INDUSTRIES
Box
Canning
Candy
Chemical
Leather
Metal
Packing
Paint
Paper
Printing
Rubber
Sugar
Shoe
Stationery
Steel
Textile
Tobacco
OPERATIONS
Assembling
Cartoning
Counting
Cracking
Cutting
Corking
Drying
Developing
Folding
Forming
Filling
Grading
Japanning
Knitting
Laundry
Labeling
Manufacturing
Producing
Printing
Packing
Sewing
Special Work
Stomping
Wrapping
Weighing
No matter what your product, we can show you how to increase production and
decrease production cost.
May we call and give details? No obligation.
' 1
Executive Sale and Diiplny Office
Phones Vanderbllt 0395 7300 Ext. 50
Mxth rioor
GRAND CENTRAL PALACE
NEW YORK
DOSTON PHILADELPHIA
101 TREMONT ST. 1537 CHESTNUT ST.
Phono Main 6038 Thcna Locu-t 6630
A XEW l'OliK CORPOKATION
MANUFACTURERS
Increase Your Production With Automatic Machinery
We Can Design and BuUd for Your Own Particular Product
Automatic Machinery for
Automatic machines that wrap in paper or foil, candy, chocolato bars,
cigars, bottles, sandwiches, etc.
Machines that produce and make needles from a reel of wire, bending and
forming them into their proper shape.
Machines for wrapping sardine cans, placing the key on top of tho can,
wrapping and placing n trade-mark label on top of package.
Machines that weigh or measure, tea, cut cloth into bags and tic a string
around the bag, producing what is known as a tea bag, used in individual
tea pots.
Machines that weigh or measure floury substances, open a carton, which
is fed flat in a machine, tucking in or pasting tho bottom end, filling tho
carton, pasting or tucking in the top end, then wrapping the filled carton
with glassine paper and scaling both ends, placing one label on one of tho
ends.
Machines for distributing hosiery ready for dyeing, also turning hosiery
right side out. ""
Machines that automatically tie piece goods with tape at each end nnd
wrap the same in paper.
Machines that automatically place bolts, nuts or screws into cartons and
wrap them automatically.
Machines that weigh bean or ground coffee, open the bag, fill, tuck in tho
top and wrap the filled bag in glassine paper, placing a label on one end.
Machines that count pills, place them in glass bottles or fill bottles with
liquid or powder .substances, put labels on bottles, put bottle with booklet
into carton and .seal the same.
Machines that put articles into envelopes and seal them automatically.
Machines that automatically wrap soap of various shapes and sizes sand,
wiches, magnesia blocks, etc.
Machines that tie packages, boxes, envelopes with string or ribbon.
Machines that automatically produce and assemblo a particular product.
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