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EVENlKG PUBLIC LEDGER-PHILABELPHIA, HONDAY,, AUGUST 23, 1920
8.
; Safe
JnbUxiZwicLSioJt,
Ruztcr g-Ga
DROAD AND SANSOM STS.
PHILADELPHIA
19
65
SOUTH ST., BALTIMORE
DROADWAY, NEW YORK
OPENING
MARKET
VERY IRREGULAR
Strength of Rails Helped to
'Check Earlier Reactionary
Tondoncy
NEW YORK STOCK EXCHANGE TRANSACTIONS
UPON
REQUEST
WE WILL be glad to mail a
descriptive booklet on Phila
delphia Securities, giving con
densed fncts and analysis of more
than 100 companies over 100
pages of current statistics,
MOORE
LEONARD
& LYNCH
CUSHMAN NEWHALL
m.naoi:k
1429 WALNUT STREET
Ixjncacre Hotel Hide,
New ork
111
Broadway
ritttliiireh
I'rlek
UuUilIns
MEMHEKS
NEW YORK. PHILADELPHIA AND
PITTSBURGH STOCK EXCHANGES
New York, Aug. 2.1. The operation
In today's stock market ww attended
by considerable irregularity. The mixed
movement of prices, however, was nl
toRPtlicr n tinturnl backwash of the ani
mated rebound registered In Uic latter
part of last week from the depression
made in the earlier sessions.
In the first nlnce the cencrnl Hit wns
deprived of the terhnlcnl support fur
nished by the tinwlcldly short Interest.
Then again the unfavorable bank state
ment on Saturday published nfter the
closing logically prompted fears of an
other money tension, which was ac
centuated to some extent by continued
low reservations of the Federal Kcservo
banks.
i The tone of the market, however, wai
I far from being weak, rather to the con
I trary. It possessed nn undertone of con-
sidernblc strength and resistance. One
of the more reassuring feature) being
the dullness which accompanied the re
cessions in nil parts of the list, indl
catli.g the absence of liquidating pressure.
I Foreign advices, especially concern
ing the I'ollsh situation were encourag
ing over the week-end. but the good
effects were counter-balanced by the
1 uncertainties concerning tho money
market. The call renewal rato was fixed
at 7 per cent, which was considered
moderate In view of the Impaired re
serve position and the heavy with
drawals of funds during the week for
federal payments. In view of the re
cent Midden Hurries in call rnte nnd tho
low rvs'-rves tliU rate was icgarded
more or leu sartiliciai.
After the irregular opeuiug the entire
list became reactionary as n result of
fresh utferings of steels, equipments,
oils, motors, shippings and specialties
comprising the leather, tobacco and pa
per groups. This seemed to be n com
bination of profit -tnking and fresh mod
erate bhort selling. Features of the re
action viidi inn from 1 to ulmost 4
points included Crucible, LiitUavvaiinu,
ltepublii't mid I lilted htatcs Steels,
Buldwln Locomotive, American Car and
Foundry, Pressed Steel Car, Mexican
und I'nn-American Petroleum. Houston
Ooil, Ceutial Leather, Hetuil Stores I
and International Paper. The only in- I
dustrials. in fuct. to show any degree I
of strength vvei Replogle and Vanad
ium Steel. i
in the railroads much bettir rci-t-i
nm-e was put up by the entire, group,
although tlie active leaders also went i
off with the industrial division. All the
rails, however, i ame bntk faster, and it
was the spirited rallies in this division
which held up the entire market around
midday and checked the "UKKiiiS prices
elsewhere.
SLIGHT CHANGES
IN LOCAL SHARES
Rales
100
A0O
800
100
1400
1100
400
000
3)0
00
. 800
300
400
200
r.oo
100
300
too
400
300
700
800
too
3000
lliftO
700
.100
100
4000
130
2000
too
100
AID
710
100
1000
.too
IS0O
1310
100
UtOO
son
300
1400
1700
100
700
390
100
300
300
100
300
1400
100
1000
1300
300
800
300
Dlv.
la I Illth
0 Ajax rtubbcr 494
.. 'Alaska Gold .Mines ., Hi
Am Heet Sugar 7Mi
7 Am B shoo AFpfnovv SO
. . Am Can 3SJJ
13 Am Car & Fdy 133
.. Am Cotton Oil 39
80 Am Drue Syn 10
6 Am Express 13J51
7 Am Hldo A Leather pf 7i
o Am Internal Corp ... 71)4
3 Am Linseed 71H
fl Am Locomotive 94K
. . Am Ship & Com 31 J4
4 Am Smelt & lief .... 4Ji
to Am Sumatra Tob .... 84
8 Am Tel & Tel to
20 Am Tobacco HIV
7 Am Woolen U
. . Am Writing Paper pf lOVi
4 Anaconda Copper .... MM
0 Atch Top & Santa Fo 81T&
7 Atlantic Coast Linn ,, R4
10 Atl Oulf & W 1 3 S ..130
3.B0 Baldwin Locomotive. ,100?4
. . Bait & Ohio ftli
4 Baltlmoro & Ohio pf . . 47
8 Barrett 14
B Bethlehem Steel B ... 7ny,
8 'Bethlehem Steel & pfloaK
. . Bethlehem Motors . . . 101',
. . Brklyn Rapid Transit. 0
Bruns Term 0
7 Buffalo & Susci 70
.. Butte Coppr & Zlna.. OJi
. Butto & Buperlor Con ISVl
.. Caddo Central O n 14J4
fl California Packing- ... 08
10 Canadian Pacific ,...11'J
fi Central Leather 54
4 Cerro do Pasco Cop.. 37Jj
10 Chandler Motors 80
t Chesapeako & Ohio . . . H1U
. . Chicago Mil A St P . . 34
. . riileaR-o Mil A St P pf M
ft Chicago Northwestern 70H
7 Chi & Northwestern pflOOJi
. . Chi R I & Pac 3.1
fl Chi II t & Pac 6? pf (It
7 Chi II I & Pac VJ pf 74 Vt
Chile. Copper II
1.31) Chlno Copper 2flri
. . Clev Cln Chi A St L . . 53
ft Clev Cln Chi A St L pf fiOJi
4 Coca-Cola 33
ft Columli Clas & Klectrlc 5195
1 Col Oraphophone .... 5..!
3 Con Interstato Cal M. 114
.1 Consolidated Textiles. 30
i Com Products Ref . . HHj;
i orn I'rouucts Kef pf ioi
2:30 Met
Taw (NYtm) Chr.
800 1.30 Cosden A Co
raaQJ3i!lU!BlBia3!ffl
CSTAELJSHED IDG5
BIOREN & CO.
DAHKERS
fttC Chestnut St., PhiUdolphia
Government,
Municioal. Kailrontl
j ;i-.: ;r m
aim iorpoiauon t-
Securitics
Utnter)
V,10 ,rI.' Pnd PMlaiilfMa
Stock Exchange
Block of 3500 Shares oj Rapid
Transit Changed Hands I
of ; 5-8
i The now week opened with a rather
I fluiet local market with most of the
trading in small odd lots. Price
changes were mixed with about an
' eipiul division of pains and declines.
, The only exception to this rule to spenk
of included th changing of linnds of
i the block of IS.V10 shares of Philadelphia
RapM" Trunsit nt H r',. or within 's
of the best price of the du. The
'dentlty of the pa: ties engaged in this
transactions, us was the case of a
similar block last Friday, was skillfully
'oncealed
Otherwise the dealings throughout the
I entire local list were of the same mo
notonous perfunctory character. The
I hesitating nature of the market was to
I be expected in iew of the surrounding
conditions and circumstances and con
sidering all thines the local list, it miijht
3430
1310
900
330
300
000
100
100
700
COO
319
(100
300
too
100
300
400
330
3100
100
200
100
100
100
100
1100
400
400
10)
10)
2'JO
400
300
000
3000
1000
1800
000
100
200
300
300
Crucible Steel
. . Cuban Cane Sugar . ..
7 Cuban Amer Sugar . .
9 LVIuware A Hudson . .
. . Denu-r A Illo Granda.
. . Denver A Illo O pf . .
1 Domo Mines
. . Emerson-Hrantlng . . .
0 Endlcott-Johnson . . . .
. . Krle
. . Krlo 1st pf
8 Famous Players L
37 V,
135 Vi
34
U5
dSVi
10
111,
1IJ4
71
I3j
lOJi
71
7 Federal Mln fc Snip pf 3X'A
3 Flsk Rubber 30 't
. Gaston "U'nis A Wig . 0
0 General CIkjt . 3!.j
7 General Clear pr . SO
8 General Kleotrlc 43
1 General Motors . ... 3Ts
6 Goodrich B V S&Vt
7 Great Northern pf ... 21V4
4 Gt Nor Ore ctfs .... 31J4
.. Granby Consol M A M 304
30 Green Cananea Cop . 35
.. GuanUinamo Sug Co. . I8J4
4 Haskell A Barker Car 60H
. . Houston Oil Co 101
1 Hupp Motor Car I4?i
7 Illinois Central sftlj
. . Indian Refining Co 20
4 Inspiration Con Cop.. 40
. . Inter Con Corp pf . . . 8J4
. Int Mer Marino 34
B Int Mer Marine pf ... 73
.. International Nickel.. 'JO'j
. . International .Paper . . 80H
. . Invincible Oil Corp . . 35J4
.. Island Oil OJi
.. Iron Products 41
Kan City Southern . . 1814
4 Kelly-SpR T 77
i Kennecott Conner .... 24 i
loo 1,20 Keystone T & R 18ft
400 0 Lackawanna Steel ... 0T!k
100 1 l.vo Rubber Tire 21 Vt
500 3.30 Lhlgh Valley 44 fi
500 2 Loewe Co 20J's
AX
88
33 H
131 K
25 H
IS
131
7S
70 K
.-m
31H
4K
84
SO
inn
784
40
51 Fo
n
88 K
13?
lf4
37X
47
IS
74 J4
109
fl
70
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14
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119
MK
37Ji
HUM
57 U
34
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9
100K
S4
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14
53
no
32
54 H
73 V
30
88
101
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1
38
40
95 !j
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10
114
l 14
70
13V5
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70
354
20 Vi
0
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90
41Vi
2114
554
21
3114
3014
25
18S
98 Vj
98
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24
72 !4
19 V
79 Vi
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13 -75
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154 70 -1214-194-704-3SH-I
384
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Sale
2000
109
100
100
100
500
100
3100
vi 800
900
1000
000
100
200
310
100
100
000
300
100
890
100
100
100
1400
400
100
200
100
800
100
3J0
9000
1500
1040
200
000
COO
1800
000
100
no
370
100
3290
800
300
10000
31)0
200
15300
3000
200
8001
230
1310
103
1200
700
300
5100
8100
700
300
5700
3000
30
I0:i
300
4500
3S0O
S00
11000
1200
700
3290
3 I'M
ion
100
3500
300
104
1(10
3200
100
000
700
600
3800
300
1.5 S00
500
300
100
15000
100
300
700
200
1000
400
700
1000
600
200
500
2900
400
900
100
Dlv.
in I
HIth
. . Loft Corp , , 12)4
. . Loose-Wiles Biscuit . . 434
12 Lorlllard Tob 1944
7 Louisville A Nashville 98
fl Mackay Cos 61
. . Maxwell Motor 13
.. Maxwell Motor 1st pf . 234
10 Mexican Petroleum ,.169K
1.60 Middle Stales Corp .. 134
4 Mtdvalo Steel & Ord,. 39)4
.. Mlmi A St Louis .... 144
.. Mo Kansas ft: Vexas.. 64
.. Missouri Pnclflo 254
. . Missouri Pacific pf . . 44'
.. Nat Anlllno A Chem.. 74J4.
7 -Vat An A Chem pf . . . 884
A Nat Cloak A Suit .... 43
. . National Con A Cable t
0 Nat Knam A Stamp.. &&X
.. Nat It R of Mot 2d pf 44
1 Nevada Con Copper . . 11
10 New York Air Brake. . 95
New York Central ... 72
. . New York C A St L . . 33
. . New York N II & H. . 83H
7 Norfolk A Western ... 00
B North American 50
7 Northern Pacific .... 734
ft Nova Scotia S & C . . . 46
40 Okltt Prod ft Ref .... 34
. . Ontario Silver Mining 5H
. . Otis Steel 23
fl Pan-Amer Petrol .... 87
fl Pan-Amer B 81). .
3 Pennsylvania R R ... 41
. Pcnn Seaboard Steel.. 174
.. Peoples Oas Chicago. 27f
.. Pcrc Marquette 54)4
. . Plercc-Arrow Motor . . 39
. . Plcrco Oil 12$
Pierce Oil pf 81
Pitts Coal 61
. . Pittsburg A W Va ... 37 i
8 Pressed Steel Car .... 94
ft Puntn. Alegre Sugar . . 72H
4 Pure OH Co 384
1 Ray Con Copper 144
4 Reading 89);
2 Rending 1st pf 424
. . Remington Typewriter 524
. . Rcplo Steel 84?
fl Republic Iron A Steel 824
.. Republic Motortruck.. 30 Vt
5.20 Roynl Dutch Amor . . 83H
1 St Joseph Lend 10)4
. St Louis San Fran . . . 254
. . St Louis San Fran pf. 32i
. . St Ixuls Southwest . . 215
. . St Louis Southwest pf 33
1 Santa Cecelia Sugar.. 15 .
74 Shell Trnnsport 524
.. Sinclair Oil 274
0 Sloss-Sheft 69i
20South Porto Rico Sug. 1235
0 Southern Pacific 98K
. . Southern Rail 27
20 Stnndnrd Oil of N J.. 082
7 Stand Oil of N J pf.. 10554
4 Stewart Wnrner Sp.. 34
4 Stromberg Carb 75
7 Studobaker 03)4
. Tenn Cop A Chem ... 94
3 Texas Co 47
. . Texas A Pnclflc . ... 34?;
.00 Texas A Pao C A O.. 414
0 Tobacco Products . 055
Transcontinental Oil . 10.
5 Transuo ft Wms Steel 45);
8 I'nlon Bag A Paper . . 84
ID Union Pacific U8'4
4 Union Paclfio pf . ... 05
3.30 United Drug 1st pf . . 44J4
12 United Fruit 187H
3 United Retail Stores.. 08J4
3 U S C I V A Fdy pf . . 41;
fl U S Food Products .. 58J,
8 U S Ind Alcohol 84 4
..US Realty A Imp .. 47J4
8 U S Rubber 804
0 U S Smelt A Ref .... 52J4
ft U S Steel 8HJ4
7 U S Steel pf 107
C Utah Copper 01
. . Utah Seo 7J4
0 Vanadium Corp 73
4 Va-Carollna Chem ... 66);
2 Vtvadou Inc 14
. . Wabash 84
. . Wabash pf A 2.1
. . Western Maryland ... 10
. . West Maryland 2d pf 13.
4 Wcstlnghouso 13 A M. 474
. . Wheeling A L 13 ... . 104
. . Wheeling A L B pf . . 18J4
4 White. Motor 47 J.
. . Wick Spenc Steel Corp 37
1 Willys-Overland 10J4
3 Wilson A Co 515
. . Wisconsin Central . . . 285
0 Worthlngton Pump . 60JJ
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tSALEfl IN I10001
JVom Optnlnc Until 2KM . m. (N. Y. Tlmrt
Am Cot Oil 6.
7 70H
10 70
Amer Bm.lt'c
A IleA-r Bs
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2.. .. 32S
1 33
3 U7;lSeab'd A L. 4S
Lehleh V'r ne 1 8 1
2. ... 00 !i Beaboard A L
1 .... 87 Ti i-orliiara 1: n 4. tiiaiion
n i. O V L Li B 78J.I 1 .. ..01
MODERATE LOSSES
SUSTAINED ON CURB
Heaviness Dovolops in Most Is
sues After First Few
Minutes of Trade
New York, Aup. 23. OuUlde of a
few issues, the market on the Droad
street curb developed 0. heavy tone nfter
the first fow minutes of trading today
nnd moderate lotses were sustained in n
majority of issues in which there was
speculative Interest.
The announcement of the mercer of
Tropical Oil nnd International Petro
leum caused n flrmer tone in those is
sues nt the opening, but gains that
were made nt that timo were reduced
before the cnil of the first hour, inter
national Petroleum Rcllinc at 30. then
declining to 35 and Tropical Oil, after
its advancing to 1U Also reacted.
RlmniH moved in the same wny, open
ing at, 12 nnd declining to 11 if. There
wns n firm tone to White Oil. which
wns traded lu nt 1V4 to llHi. Klk
Iinsln wns firm, selling at 8 to 8.
.National oil 01 :scw Jersey wns in intr
demand, with sales nt 7.
Industrials were gencrnlty lower.
Submarine Hont yielded from 11 to 10V4
nnd Indian Packing from 0 to 0.
General Asphalt ranged from C3vi to
Cln4- North American Paper sold nt
Oifr. . .
1MLSTKI.1.M
Calumet A Jerome.
Cresjon Opld -.,.,.. v .;. .'
Divide Bit
Kl Ralvsdor ;,
Eureka Croe.us , ,,
Eureka Holly ,...,,,...
40 Mlnlnr
Oolden date Kip
uoia .onn , .
Hecla Mlnlns
Ioutslan Co , .
Mutrajr Mor . ....
Silver Klnir Divide
Teno Diviae . ,.,
Tonopah Mlnlns
..
..
'lonopan jviinins; 1
Tonop.h Mlipah ,,,, 14
United Eattern
Vlotory ...1 ,
White Caps P . . , ,
tlONDH
Hied Packlnc 0s .......
Amer Tel 0a of '22
Armour 7 ,...,,..,,,,,
N T Central 7a
Hlnelalr 7W .,
fiouthwe.t Hell 7a
Texas Co 7s
Union Tank 7a ,
Derlln 4s
French Bs ot '81 , ...
Hamburg 44s ,
S J i
'I 1
1 I
2
40
41
77A
B
2H
(III
2i
10
8
B
2
II
n
10
8
I
ei
.14" A
M
0(1
08 H
90U
100
01
01
oi
18W
m
loo
11014
01
1IRU
00C
1 7
01
8J
osui'l
11
h;
BUTTER, EQQ8 AND CHEE8B ''".
..'Vi' 7,' ::,xv v.""AI!'"-i.rm. b.j
hhr thi..;
Xtra ii2'l
iaiZ. T
.--.l.l- -""" .wo 10 tl
111:1 uiiuu: inuHinir itaaii .. - i
mske. No. 1, 48 44c. ' currl
leathered, extra Hrsts. B8&B7e! J,!:!''- l
ored. (lrsts, 80CB4c: Mate. Pennsylvin'. .7;
nearby weetcm hennery whltfu. eJ.rJ ,.
eelpts,
extras,
mna mha.
B70B74c!
Creamery.
creamery,
rnf.V SIlUc KNBtn.ra M.V.- .-l.rM
"".( ,?.i1"kt---":.'.i
Bcura, nisi vnuc
use, .n. 1,
KOOH firm.
nearby weetcm hennery whites. Brit. iV1
by western hennery browns, extra., i&
state, Pennsylvania and nearby" S,1 ,
browns and mixed colors, extr.n. !$!" i
uiikehb nrm, .necelpts. aiRi ijrr.
9 -13
464-
105
184
-544
4
2S14 314
604- a;
& W Va 4s
2 B8 1
Cen'I of Ga en
t 78H
Ctl of Oa lit
2 87V
Ctl of Georgia
Hob d
0 7Cli
Ctl Leather Bs
1 90',i
2 00H
Cent'l Pac let
2 (Mi
1 0'4
01) 4
Ctl
4
C A Ohio 4Vi
8 70T4
2 71
B 70H
C A O cv 4s
4 724
C'k A O cv Bs
L A
... 30'4
n A K C
Nnsh'e lei 1.
2 77 'i!8t I
2 78 snort n t w
Lou A N a. Cs, 1... . 0t
OSwISo'n Bell T Bs
114
m
14
IrnriinriTiT-"rrriit-,,--.---. a be aifl. held up exceedingly well
fOTHmOTOT I),.,pito the favorable xtatemet
srocw Reorganized Rails, Rail
way cqiiipmeni issuss
Standard Oil Units
Do joo know wh.t it behind their
mirkelwiie aclivity? Our special
letter. "S. 0. R.," which ii a imill
thing to ik for ind a food thine
to have, will tell you. Compli
mentiry copr for the aikinr.
Marketable aeettritiei carried
upon comervative marginal
oasis. Odd Lota a specialty
MjltcTfiflEtMCo.
(Soree.aor to Gf.ldberc & rtelml
Mnubir riilladelphla Stk. Kicb.
'Cnn.nl. JtU. Et. of N. y
1G22 Che.tnuf Street
rbonrat Hell, Hnnife A917-4390
Krydtone, Bhcs 7SU
tl HroadtriM 4R0 Bin Ae.. N. y
Slnmford. Conn.
I
r
ent enii-
"rniug cii rm 111." nnd prospects or the
'iiuipan' given h the president of tn"
n.rpcration. I.nke Superior shaded to
II 'i on u f'v trausuction.. lilecirii
Storage vva '. lower as wa- CnmbrlQ
Iron On th other hand L'nited tius
Iu.pl (ivement was :s higher at 40'j.
PlnLidelphia Electric moved up un 's
to l!lTi. Lehigh Navigation was ij
oetter nt .""Hi. while I'liluu Traction
was firm nt -". Catawissn firt pre
fnrred on a small transaction advanced
.J from the previous bale to 3o.
Philadelphia Stocks
,".!IL.
Amer. Ice It, K. fis, 1912
Baldwin Loco. 3s, 1910
Counties Gah & EIcc. 3s, 1962
Met. Edison ."is, 1922
Met. EIcc. (Rdij.) 3s, 1939
Pcnnn. & .Mahoning Vj. Rwy.
1922
Scranton Elec. 5s, 1937
s,
B0ENNING, GARRISON fi CO.
MOCK KXCHANHE nril.DINO
Direct I'rltale Telephone to New Terfe
Member. I'lillu. HtocL Kxcbaoi.
14 Am S'r- 4Hi l.T.
l')0 f'am Iron "S ;!S
,ri rntavvissa
1st pref . . "
I", Kle.-Stor.l'.'t.'
2.-.0 Lake Sup 11TC,
IIS I.eh Xav. .r.T'..
U'-'OTtLeeltubbr I'l'
-.0 I.eh Val. '.
2ilOMldvale. .'I'll;,
IftOv Maxwell
Motor pf 20
::- Pa H It.. U
(10 Phlln Co
11111 pf
'Id PhllllKler
.-i'iJO PhllaUT
li:: I'n Trae
'M ; I . .
123tI'S. Steel .SS-
l.soOtWAch K. 10
25 War I&S H'U
4:u:
:is
:r,
St
he.
if.
1201 12tli 1V4
11, n7;
57 57 , 'A
O OO I 37
45 . .
itn-i "i
j Commodity Markets
SLUMP IN COTTON FUTURES
August Option Drops 100 Points on
One Sale
New York. Aug. 2: The cotton
market had an exceedingly irregular
opening due to a iim-up in official
cable from Liverpool, which iii.ule it
impossible nt first to know whether
prices there were higher or lower.
On the assumption that they were
above the previous close, October nnd
November contracts here started at an
advance of 18 to U5 points, but a cor
rection was received, showing that quo
tations at Liverpool were down consid
erably, caused general selling und o
drop of o to 00 points in later month
locally. August fell 100 points on one
nle.
Liverpool and Snturdny's buyers were
heavj Fellers nt the outset while spot
houses bought. Weather forecasts, in
dicating more settled conditions in the
South, ndded to the feeling of weakness
here ut the start.
Changes after the call were feverish,
with prices 15 to 20 points net lower.
N T. time
Previous 11 SO l -30
close Open
. . 27.42 27.75
.. SI) 4H 20 40
. 2S OS '.'.VH0
. . 25 BO 25.20
. 2.1 30 25 05
FOREIGN EXCHANGE
New York, Aug. 23. The foreign ex
chango market opened ipjlet with rates
generally unchanged. Sterling was
slightly lower. Demand was off i. The
Latin exchanges wero unchanged. Marks
were off 1 point.
Quotations were:
Demand sterling 3 53, cables 3.50 ;
franc cables 7.(17. .hecks 7.0fi: 11
i1!)?" I60: cheeks 4.fiB ; Swiss doles I The Chicago Pneumatic Tool Co for
1G.G1, check 10.65: guilder cables 32i.lsl months ended June 80 reports net
"'" "- ueiKian c;wues i.at, incomp afrer r,inr.il t.'ivra emi ,.1,., n..,
n'.i-J.::"!,. eipiai lo 4.l a share earned
Financial Briefs
Tim nverngo prlca of twenty activo
Industrial stocks advanced 0.64 per cent
to 86.80, while twenty railroads ad
vanced 0.28 per cent to 74.91.
The New York Subtrcasury lost $210.
OOO to the banks on .Saturday, muklng a
cash net loss since Friday of Jl.076,000.
C U'n
B...
1...
1...
3...
B . .
111...
II. . .
checltj
chteks
checks
chocks
checks 7 5d pesetus cablet, 15.10,
1.1.08; s'tocliholTi c.ibles 20.45,
20 40, Chrlstlanla c.iIiIph 14.70.
11.05; Copenhagen cables H.70,
it. 00; niarss i.b
Sterllrn eased after the opening, de
mand going to 3.584. cables to 3.53.
ituhc caoiius vve.-e 7.064, cIiockh i.05', ;
lire cibles 1 64. checks 4.65 : marks
1.90. Argentine cables were 117, and
Canadian dollars 83.25.
PATURDWS FINAL QUOTATIONS
ktcrllnt; anca Lire Guilder.
Demand 8 Bli, 7.0H 4.88 32.05
Cables a (10 V 7.10 4 00 32 75
TODAY'S OPENING QUOTATIONS
Merlins rrnncs Lire Gulldert
Demand a 5U 7.00 4,0BS4 .12.fi.
Cables 3.59i 7 07 4.00 3J.7.1
(Vlober
Dirember
.Tr nuiry
March
Mav . .
JuV
-n or.
2B.R0
'J.-.1B
21 OS
p. m.
2(1.40
jr.. an
24.70
24.44
2t!lS
.'III I ,
21 r;
14
Hll
20
l(7p
hoi..
217.
25
40a;
S8
10
8:
20
2407,
.10' ,-T-
144-f
25 . .
lO'ls-r-
ss;-
-ih
- U
i'.
ii
10
0 - V?
8
GRAIN MARKET
I Chicago. Aug. 2.1. Demand for wheat
uhh poor in the early trading today nnd
thp market stnrted weak at n dcllne of
1c to He for December and of 2L6o for
1 March. On the drop there was fair buy-
1 Ing by an important commission cou-
I cern. ' Dealings were not large.
Prospects for heavier receipts of
spring wneui ami u ircnei luiti. upuri
..i?'onc-5:w"WidSS?kcSSa'0X W"h '"' niujry was turning to Canada had a
sa-e.in IIOMIS 130 Net bt'arIsh pfttct- 11"' receipts were 117
M)
Is
:i
IS
4J!
NEWBURGER,
HENDERSON & LOEB
Aftrm&era New York and
Philadelphia Stock Exchangt
(4(0 Chestnut St.
JI'JO" HlKh. Jjnvr
.'10 Krle Is . . ;,., .-,,
h Li high Nov
' 0111. 41 is
0 N O Tex
Mo "f.
15 N Y WC kv-
Hos 4-jS.
1 1-5 Lib Itoud
2d 4'4n .
fi d 4Vis..
2 4th 4.s.
I Vic N 4is.
7 l'hila Elec
1st 5s.... RO' 80
1 Iteud Ter 5s 95 f5
1 t'li'ted Hvvy
Invest 5s. 1)5 05
p in chir. I cars.
:i5
so
is
IP.
-3
SL4S 84.48 64.4R .02
87.8(187.8187.80 .02
81.82 84.70 ai.824-. 02
05.50 1I5.C0 03.50 .02
SO', 2!
05 1
05 . .
GEO. A. HUhN & SONS
STOCKS AND HONnJ
Member, of the Philadelphia. New
York, and Chlcaro Ntoek E-chaniea
New York Cotton Kirhant.
Commission Orders Exeeuted In
All tho Principal Markets
UELI.KVUK COTJT IILDO.
1418 'Vnlnut HI,
NEW YORK nPI'ICn
III tlraailvTsr, New York
IliilTulu Lake Krle Truclloii .1, 30
li-hltli 'llo " I C'omiiiiny Ut n. p:i:t
Khiirrrr Oil & Itrflnln. C'ompunr Oa, I02D
Sew York CenlrHl Kailrnuil Coll. 7, 1080
Mduthern. Purine KallrnaUKMiiln. 7., Herlnl
t'aelno iWi Knprea. Co. Kaiilp. 7. Nrrl.l
tuaue.ne l.l.lit Co. I.i. Mln, , 1040
HAMUKI. K. ritII.LIPd.il CO.
Uetabcr IiaiJ. Btoek Lilian-
. Atlantic Gulf Oil Gets Big Contract
j VViibIiIiikIihi. AUff 23 The Atlantic
" Sulf Oil Corporation has been awarded
I it contrnct by th shipping board for the
oeuvcry o: o.uuu.uuu narreis or ruel oil,
at (1 26 per barrel, and 9.000,000 barrels
of crude petroleum, at the same, price, at
Tecomate Mexico, during the year be
ginning January 1
DIVIDENDS DECLARED
International Salt Co . Quarterly of 1U par
rent payahlo October 1 to stock of record
hee'ember IS
S'orth Am.r!-..i 1 o riuartrli' 1J per
cent pawih!' '" h r 1 in etork of record
lepte nb r 1 ,,
I'lmtltlfiuit, ( i.i. 10 iJM rterl :innti
pi'iiblH (li ib . .it (11 Miitk nt iiiunl HfV
tilllbli JO
BAR SILVER
Bar silver wns quoted In London to
day at fiOJid, down 2Jd.
December opened nt 52.31 to $2.31 ,
against !?2.33Vj nt the close Saturday.
March opened nt S2.32',s. compnred
I with S2.35 at the cloie .Saturday, uud
later sold at $2.32;)4.
Com wns irrearulnr. Trade was mixed.
After the start there was scattered
selling, which uncovered a lack of suf
ficient buying and the undertone became
easier.
Ilcceinte were small nnd the -weather
in the belt was cool, but higher tem
peratures were predicted. It wan
thought that the movement would in
crease. Iteceipts were forty-four cars.
September opened at .'?1.42lj to
,51.12, against $1.12j nt tho clone
Saturday. December started nt SI. 21
to $1.20', against Sl.'JO'i, at the clo'-e
Saturday. May opened at .$1.11) to
$1,111',, against Sl.lHVi nt the end
Saturday, and receded to $l.l8Vi-
Oats wero quiet and n shade easier.
Cash concerns bold September and n
house with seaboard connections disposed
of December. Kecclpta were 221 cars.
Leading; futures ranrcd as follow.:
umcaso urn.
Corn (new delivery)
Oren Hlirh
1 424 1 43i
121 1 21H
MONEY-LENDING RATES
NII1V VOIIK-Money on call, both
classes of collateral, opined today at 7
per cent for lending and renewing.
The money market fails to show any
Indications of "loosening up" for some
tlmo to come The narrow business re
ported last week falls to show any Im
provement nt the outsot this week. For
time funds, per cent is still bid and
transactions are. on a nominal basis so
far as volume is concerned. An occa
sional J50.000 to $100,000 la available at
9 per rent and a higher rate would lu
poid If monev was available in any
fair amount
A moderate increase Is noted In offer
ings of prime New York bank accep
tances, but r.ites are unchanged and the
offerings ar quickly absorbed
Tho situation In mercantile paper Is
unaltered and business In confined mostly
to the country banks at a minimum of
8 per cent
PHILAnr.l.PllIA Call, 6 per cent;
time, fl per cent ; commercial paper,
threo to six months, C per cent.
(Note 'I hes aro merely nominnl
quotations as tho legal rnto of Interest
In the state of Pennsylvania Is fixed at
6 per cent. Plus premium and commis
sion time money for thirty to ninety
days Is loaning ut 8 to 8',-j per cent,
whllo commercial paper from three to
nix months Is being offered at 8 to 8H
per cent )
on the $12,897,600 capital stock, against
$299,190, or $4 60 a share. In previous
year
Tho American Diugglst Syndicate for
six months er.ded June 30 reports profit
$360,831. equal to flfty-threu cents a
share, $10 par, on $6,779,120 capital
stock.
LIVESTOCK QUOTATIONS
ChlcaKO. A us. 23 MOOS KutlmafM r-
relnts 3.1,000 head leftover. 1M14 head
Slow. Flr.t iwle. .teudv to 10c lower, I1B 7n
puld Averuue coat Snturdnj. X14 117.
f'ATTI.n H.tlmuted receipt.. 21,000 hrod
HHIILP Katliimted rtcelpta, 23 lion i,.a,j.
I'ltUbiinch, Auir. 28. CATTLi: ItcceiniH
1000 hrad Hinder. Hteer- Jir.fr 1(1 helN
-ih. invi. riiir, n"iiii Lalvt-s
eelnts. II0O lied IIlKhT. Ton 418
JlOdb Heci-lptH. 41011 head HlBhiu. Hei
le flOSOfllil.flS. liKht yorker.. ll.lBOtlilt
pi!" 114 iBtMB. heavv yorkers, $10 Bofo
re-
Mid a l o a.
2 "8
1 77
M A StL en Ss
1 07.
Mln S P i. S
Stc M 4s
a 7s;
2 7B'i
2 7B
2 . 74 W
Pacific BsMIn tit P'l JI
00'i, ote -1 "It 4.
I SOS
Mo K (c T 4.
8 54
1 B4
Mo Pno am 4.
1 B2i
Mo Pacific 0s
70V4 12 07;
70 H New u Tex s.
7RU Mexico 4s
70S 1 ohh
04. 1 00
Ji4i, New O Tex It
OS Mexico Bs
94', 1 4U3
04 H S 49
(14 i N Y U ti 11 R
114 14 It It 0a
04H 3 R9
10 sn
1 S9
2 .. . 89
New York Ctl
L S 8 "id
3 M'i
N Y Llfiht II
& Power 4.
2 B04
N'k 4c Wn 4a
1 74
1. ... 74
B ... 73
1 73
N'U k W cv 01
1 l8i.
B . . !IS4
2 .. 989.
N'n Pacific 4a
3 7.1
B . . . 73
Chicago Mil &
Ht P'l 4s
1 OO'.sl
ChlciiKO Mil 4.
BtP cv 4Ws
1. .. 07;
1.. . 07'i
Chlcaro Mil .
StP fd 4ijs
1 07-i
Chlcaito Mil &
ftP cm 44
2. .. 701
Clilci.no Mil i.
M P cv Bh
2. . 67
C A. Nvv'n urn
1 . 73H
Chi 4. Mm 7.
1 90',
3 99
1 8OV4
1 SOU
B'n Pacific 4s
1 BB1!.
S'n Tac cv 4s
3.. .. i'i
S i I'ao cv ns
2 nni
B . .. OS'i
E'n fan Ter'l
1 os;
S'n ltallws '
a B8.
0 B9
2 B8V1
1 B0
2 B84
Third Ave oj
1 21
IB 20N
2 20l
Union Pac cv
4 80
2 80
Union Tao fd
, . i'i
Union Pac 4s
4 794
Union Pac (Is ,
4 98 1
U K of O lirlt
& I'd 1021
23 00 3
25 90 3
1 .. . OOtt
CKolO Uril
& I'd 1022
1:30
How 1.0W P.m.
Acme Coal 2. 2i 24
Amer Candy 7 7 7
Cor LIr-M 214 '-'tt 21
Chlcaco Nlpplo OH lt
Columbia Rmornld 0V4 04 04
Plie.tone Tiro lis 118 118
General Asphalt B3',i Bt; B2'i
flcodyoar Tire Ill 111 111
Grapo OI4 2 2 2
(ltepe Ola pref . . . .- 2S 2i 21
Hcicules I'nper ...' 23',4 -23 2B',
Intl Producla fli 0 ,4
North Amer Paper B'4 B4 SH
I'rfectlon Tire ., Hi IS IS
Sulmnrlno Poat 11 1" 10"
U H Hlch Speed Tool 30'i B0U SOU
t' S Hteum 2 2 2
ITr tied Profit fharlnic 1'4 IS 11
United Ketall Candy .... 12', 12T 124
Wrlgley rts 1 4H 4T4
ini)kpi:ndknt oils
Allied OH 21 20 21
llocino Oil 2 Hi
lieelon Wyomlni 1A 1'4 1A
llrlery Oil 104 10',4 10W
Carlb Syndicate 12V4 12 12M
Cltleg Scrvieo V ctfs 35 3B 3.1
Cnaden & Co 7 7'. 7
Demlnlon Oil 0i n'4 BV,,
Plk IWsIn Petrol ' s HH
nr.slneer.' Petrol 1U m 1U
Ksmeralda Oil ' '4
IVderal Oil 2' 2' 2V,
OlenTocle Oil 24 2U 2?,
Orannda 0 0 9
Home Oil 2. IT. 1
Ir.t! Tetrol 30s; 2il 2rt'i
Kay County Oas 1 IS 1r4
Mtrrltt Oil 13 13. 13.
National Oil N J 7'4 7Vi 7Vj
North Amr Oil 2'4 2N "-',
Pcnok Oil BVj 5S 5W
Producer & lleflners 1 fl'i (I1 0J
Kvan Cons 21 21 21
Bimms Petrol 12 im ll'i
Bkelly Oil H OS 9V
Tropical OH 101 lOVi 10
Un Texas Oil 1A l.V 1A
Victoria oil new 1'i IM ivi
Vulcan Oil IS 1. 1i
White oil ion in4 mvi
Hoy de Trance Sli 3 S't
MINING , '
Alaska-Tr Columbia 1 ' 1
HlB LedKe ' '4 '4
noston and Mont 74 72 73
fllala (.(.Ala mIII Mb - ' . I
niniri. nnuiD iiiun. nan. rurrsni mi.. . . "" m
and colored, specials, 2828V4c: do i.I,;l
run. 20W27CI state, whola milk. twin.'S' -I
rent raako specials. 27V4CJ do, ivera,. Si" I
4iUWalC -- -,
GbVERNMENT BOND8
Panama coupon 2s, 1030
Panama reclatered 2s, 1080..
Panama coupon 2s, 1983, v..
Panama renlsterea 2s, 1938,.
Panama coupon 8, 1901
Panama reclatered 8s, 1001..
Philippine 4s, 1984
Phlllpplno 4s, 198B
Philippine 4s. 1088
U H Govt coupon 2s. 1030..
U M Oovt reslstered 2s. 1030.
tl B Oovt coupon 4s, 192B
li h nvt reffiaieren 4a,
1025.
. ""I Art
ill.? "
iSJ" iotl
V, M
ii '
ii
7K 85
1 In dS
. 00-i ft
.103 mj
101 IM
We Specialize:
Foreign Securities !
Foreign Currency
Foreign Exchange
Correspondents in All '
Principal European Cities '
Noon Rates
Cables Checks Currency
l-'Hllil. aW.BOM. M.BI)
lrnnre. 14.12c 14.1 r
lleltlnm 13.22e 1 3J2 4
Itiilv... 21.B0e 2LG4 c"
I.OOe
"oT03e"
tlermnnr
Sl(l'd.
I.lr
"nTo.v
Hcln. . lB.lOe lBOOe
fireeee.
Itemitpln
11.23c
2.4!
n.24e
2T41e
1VL73 Merllnt,;
7.S,1c lanr
8,00c Prnnr
4.0Bc"l.lre '
lJ)BMnrkT
17.10e t'ranr.
10.4fle"l'eeni!
J20fJ)rnfhniM
2.IBeII
Creeho-S. 1.07r l.OOe 2.10e Kronen
jliico-Mn. 1.08e t.02e I.OOe Kronen "
"Aimtrln., .BBo .BBo .fl.le Kronen
Hungirr. ,B7c .BOc ,8.1e Krenm "
H-nxlit 1.4BeltnMx
Morton Lachenbruch & Co.
t.and titi.k ni.no.. riin-x.
Tel. Spruce 381. Itaco B050
New York Chicago Detroit Pittsburch
Offices tntrtxonnectrtl iy prlvafrf vHrti
1 . 09 Vi
U II I . 1 fd
1 OBS
Chili Cop'r 0i
1 70
0 ... 70
1 704
Cl'.y Copenha-
cen BV4s
1 78
City Paris 0
1 ..91 I-
B ... 01 1. .
1.. . 91 3 .
CTd Cln Chi V 1. .
rtt L 4'4s llVnna
1... . 74 ; 10...
Cone u clan 7 4
2 97SI I...
Orel.- Cal Bs
. .. 80
Oregon H L 3.
3 H0U
Pac T & T Bs
2 81
ra K --m 4 '4.
10 7BV
2 .... 75
3 7B
Penna H H Bs
.. H4S
. . 84 S
.. 81
. . 83'4
It P. 7.
. 10
M
I W
GSS2SSM5ESS3
90S
90S
90S
90S
90S
90S
90 S
01
91
111 (11
HIIEUP AND LV.S1HS llecclpt- -con
he.l Htehtr Top sheep. JII.23. top limbn
$14 00
1
Au 23. f'ATTLi:
000a ilea v tronr
LONDON Money Is quoted at D
cent Discount rotes, short bills,
per cent; three months' bills, 6
cent.
per
6i
per
Haat llnffalo. N. V,
Receipt k. ,1200 tielirt
lo L',1
nteers
1 i' '. Ileum nelfers. snwi ,B0. inn ta
I J'l(i tiiilla. M(!tn .10. .toclier. ntul f,.eii,.-.
, ?C4i 1 .10 frKh cows nnd xnrlnRem enml ,, .
I tle 1 umninn alow .it $ilB2il40 C.lvi
Kicilpt 17(10 head ctlvo nnd ,10r higher
lrridS IleceiniM eoi.o imad I'alrlv m tliv
I and Heady Heavv $lfl BiK IB 75 mired
I $10 23m 10 tit. yorkera 110 23210 80 llaht
I do und plua. $111(31 111 2B, rouGha, $12 50
HITVKI, r u 10
SHEEP AND LAMIIH Kecelpts. 8O0O
head Active Lambs and yeirllnci Sue
nl-Iier others att-ady Iimba, 0i
vearllnga, $llfl0.3n- wether. 7 50S eea
$3(17, mired ahiep $7t7 50
lilet St. IxiuU. 1 AtlC. 2.1 C VTTLH -flecelpti
.(l(i0 ia,i Hteers ateidy T.id
H,'J"r?- ,!,s ,)ull $10 12: yearll-c ter
599, ."r."1"." ,dy. aimer tow. :. ad ut
1 or 4 .1(1 IiuIIh nrd nlv.a ate.idy good nnd
fm?kl,lYBoelr.,l:!la ,Pfl,er """" "'""ly
HOaS Iteceipts, 8000 head. Slow. Ken
I'lm "t'8,1?1 .w"h Saturday's avera Top,
'J'1;, bulk, light and medium weight.. $15
OIB JO bulk heavies, J14.28W1B.
SIIEr.P Itecelpt.. 1800 head. I.amlin
steady to .trorur. fcJheep atesdy. Ton
Inrnb-i, $11 30: top ewe., $0.73; bulk. $6
8.75.
9
97 S
97 H
97
97
1..
102S It
102U
102S
1024
J .. 97 H 1.-.. 102
I 1 ot Peoria & i: In
10 20
!l",Sl''"'e Marqt 3s
Del i Uud 7s, - 78
1 .. 101 1 77 hi
Den L n. a 4s Phil County cv
I'lBller- common htendv .., I ' WIV. I 2 86U
$15W15 73 butcher.. $9Til4 ..ir.lIiL'in n4V2t Pitts I'll! Chi
I li
1..
1..
1..
10..
18..
5..
U iJ of C. lirlt
& I'd 1020
a '4 i
7.. . M'j
25 84 -. !
U K of a llrit '
ft I'd 1937
8 82 '
2 HIS
B 81'4
1 81T4 '
U S Mexico 4s '
1 29
1 29
U S Mcxkv Bs
8 34 ft
1. ... 34 '4 '
4 34 '
1.. .. 3S
4 35
1 33 is
Ut'd Hwb San
F un ct 4 s
4 23
rt Ruub'r r.
2 77
1 77S
1 77
srift
iiroiHBH-gjriitt
TW.TWW P
1
Reserve Banks' Discount Rates
Oltlclnl rediscount rates at tho twelve
Federal lleservo Hanks are as follows
Trear
cira.
Sept.
Dec.
Oats
He pi
I '
I'urk
u, ii
L.id
H.Pt. Oct
nibs
Bept. .
Oct.
10:30 Sat.
Ixw a. m clnsn
1 40 1.40T4 L42S
1.18S 1 18'a 1 20S
lio.ton n'j n
New Yoik BVj (I
Philadelphia til .IS
Cleveland 5S BS
Hlchmond to fi
Atlanta . .to .".',j
Chicago . tfl
Bt Loul. . . BS n',4 5V4
Minneapolis BS I)
Kan... City ..tfl BU
Dallas .... tfl BV4
Hon Francisco to fl
Lib Com'l Ilki-s.
Honda Paper Accept.
A
sb
n
BH
8
BH
n
fli!'-,i
60'.
60S
0.1 S
ll.l'i
03 S
03 ,
(17
(17
tDl.oount rate lorreapond with Interest
rate borne by certificates pledged nt col
lateral with minimum of B per cent In the
cane of Philadelphia Atlanta and Kansas
t'llv und 3S per cent In the iase of Han
I rnn n i
Lehigh & Hudson Capital Increase
To furnish funds for tho payment of
nhout $3,000 noo bonds, retired nt ma
turity July 1, the Lehigh ft Hudson
Railroad Is to Increase Its capital stock
from $1,700,009 lo $5,000,000, Favorable
action b dm stockholders, .September
10. will leave the road entirely free of
bonded debt The stock of the com
pany Is owned by several anthracite
lallroads and coal companies, including
the Lohlgh Coal and Navngutlon, Jrsev
Central, Lohlgh Valley, Lackawanna anil
the Krle,
.-i in ji 1,1
ji in .m in 24
1 Asked.
Is 45
18 83
18.07
18.50
18 6(1
10 10
18 10
18 73
IS III IS.4.1
18.77 I8 80
1B.07 tl4 HO tit. 00
1B.B0 18.37 1B.87
14,07
15.45
BANK CLEARINGS
Hank i learlng. toduy compared wltn cor
responding day last two years
102(1 1010 1018
Phils. $78,185,100 $80,201. 388 $01,188,981
N, Y. ..818.247,087 488,172.088
llaltlmor 10,815,222 13,219.187
Raw Sugars Quiet and Unchanged
Nw York, Auk. 28, The market for
raw sugars continues quiet and un
changed on the basis of 18,04 cents, duty
paid, for Cubans. There were no sales
reported on Saturday. Importations
from August On to 23 Included I'mjoi
hags of Porto Itlcos , '7.090 b ks of
Putins ni"i I "mo ions of St ProU to dm
V.,nier ft 111 000 bags I'llbii ui the
Federal Sucar Co, ; 6490 Iiiikb t'ubas to
Arbuckle Hrothers and 3d, 122 hugs
Javas consigned to the trade. The lni-at
refined market remains unchanged both
v.. io condition ana prices.
D i jnmlii '20
11 88S
I) Canada '2'1
I .. . 91 S
2 .... 91
Pom'n I'.op Ba
B. ... 84V1
B 85
B S4S
5 ... 85
Krle Oen Lien
2 ... 40'4
5 .. 40S
1 . 40
2 . .. 11
7 . 41
Lrli It It cv A
2 . 35 S
8 . 30
Ln-. It II ov D
3 . . 30
& Bt L Ba
0 7(1
Keadlnc Hv 4n
2 80
Hep Cub 4'jH
1 .. . 70S
Rio U i. W clt
1 10 ",
fl I A L 4 H,
2 03
1 03S
St L I'n Mt &
S'n Huy Bs
4
St Louis
Fran aj
1
1.. .
8 . .
B .
Next to Wheat
Canada's greatest manufacturing export trade is
in Pulp and Paper.
Two-thirds of the newsprint used in United
States is imported from Canada or made from
Canadian pulpwood.
For year ended December 31, 191$, the amount
of manufactured newsprint sold to the United
States was over 650,000 tons, value $43,603,922.
Many United States Investors are now placing fundo In
Canadian pulp and paper securities. Security is un
questioned, Income is high and the prospects of increas-'
ing values very bright.
We originally financed very many of Canada's largo pulp)
and paper corporations so that we are in a position to
advise you about investing in them.
If you will write to-day, ire will gladly send you a list of,
very desirable offerings. 83
AGENCY OF
Royal Securities
CORPORATION
. (CANADA)
LIMITED
16S BROADWAY - NEW YORK
ay-ytf-iltfkA,
2SSm
1 JI'S f-
U H Hub 7'js I
12 07S 1
1 97S I
. or - I
97
07 S
97 S
1)7 S
07S
97 S
97 S
U H Hteel Bs
1 91 '4
1 91 S
3 01 '4
1 01 S
B HIS
2 91 S
Utah Power 4.
Light Bs
2 71U
1 71U
Va Raways Bs
82 1 77S
t 81 8 77
Wabash II 1st
2 . 85
Wesfn N V i
Pa nil 1st
'J .... 82
Wllkon Co cv
8 .... 84S
01 S
OtS
(IIS
(IIS
ill',
01 S
Liberty !PjS ....
Liberty 1st -Is
Liberty 2d 4s . . .
Liberty 1st 4V4s.
Liberty 2d 4b..
Ulberty 3d 44H..
Lllierty 4tli4Vi..
Vie Notes ais...
Vic .Votes -VMs...
HUh
1KI.00
84.R0
84.40
K4.R0
8-l.fSO
K7.KII
84.W)
11.1.110
c.rio
IN. Y
I.6W
80.00
84.118
84.S0
84.00
84.30
87.70
81.72
ir.l.fil
11.1.51
time)
1:15
P. m.
811.112
84.38
84.30
84.80
84.40
87.82
84.70
0.1.54
11.1.50
GOOD CROPS IN AUSTRALIA
Wheat Fields 50 Per Cent Larger
Than Last Year
Rome, Aug, 21. Australia's wheat
fields for the coming season are SO per
cent larger than In 1919, and weather
and crop conditions wero reported good
as late as August 17, snys a bulletin of
the International Institute of Agricul
ture IlurlnR July, the Indian monsoon was
ctnetallv favorable, nml the nrlco of
vvheut at Karachi Is lowir than at an
date einco July, 1918 i:pnrlutlon of
wheat fiom India, however. Is still pro
hibited. Tho agitregate of wheat shipments
from Argentina exceed all estimates of
available surplus durlme 1120. the 1ml.
ilttln says.
Railroad Securities
AT THE present time prices on
standard railroad securities do not
in any way indicate their true value.
With the new passenger and freight
rates operative and favoiable new rail
road laws effective, the outlook for the
roads is exceedingly bright.
High-grade railroad securities pur
chased at these levels will make the
best sort of investment both as to
interest return and security.
Special list of railroad securities
furnished on application.
GEOKENDCICK3rd:5'Ca
BajnJzers
1431 WrVLNUT BT.
IV jkV
.Members New Y.rk and rhlla-
dtlpuia biock exeuant-ii
HjUHi
PHILADELPHIA.
(t
"'taWii
-mnaMMMUMM!r
THE HADDINGTON TITLES TRUST CO.
6014-16 Market Street
ANNOUNCES m ,
that the Interest on their Saving Fund Deposits will De
increased from
3V2 to 4 per cent.
dating from September 1, 1920.
- .?$
i
J
'iv
JL!teJKL2'$l!X
Lw!Lk'IL&: