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it
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I ' ! . ... .... - - - . i I aa aMHBl 'MtMll bISMB I t
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m
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ift-lllf
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- ',
.t
An Investment in
'A Growing Industry
we offer at a, price ic,yield
rSe?
10 at the present mini
mum dividend rate and
over 14 if the partici
pating feature provea of
value, the cumulative, par
ticipating preference shares'1
oi a company uouik a targe
, and. profitable business In
the manufacture of an es
sential commodity. The
field of .distribution of the
Company's product seems
almost unlimited. Both net
and gross earnings are in
creasing in a most satisfac
tory way.
RAILS MAINTAINED
ASTRONG FRONT
NEW YORK STOCK EXCHANGE TRANSACTIONS
Industrials, After Early Irregu
larity, Rallied Near tho Clos
ing on Short Covering
Write for descriptive circular
, Hemphill, Noyes & Co.
Members yew York Stock Hxettana
v Franklin Bk. Bldg., Philadelphia
Kew Tork
Boston
ICd,
Free of Pennsylvania
Stale Tax
Exempt From
Federal Income Tax
$300,000
New Castle, Penna.
Sl2 School District
Bonds
Maturing Serinlly
Aliened .
Valuation $27,317,000
Net Debt 673,977
Population, estimated, 45,000
Prices to Yield 5.05 to 5.10
fiAZIER6Ga
BROAD AND SANdOM ST&
PHILADELPHIA
New York. Sept. 1, Most anything
raid concerning yesterday's stock mar
ket could easily have been repeated in
deMrlblng the operations today and
nbout the whole story would hare been
told. Once airnlii thn linn of rlenvairo
between tho railroads and industrials
was tlshtlr drawn. Strength and rising
prices marked the progress of the rails,
while In tho industrials It was a repeti
tion of the same Irregularity, with nomo
weakness in scattering parts oi uie list.
The lowering of the call rate to 7 per
cent, however, in Jio afternoon Influ
enced free covering of the shorts in
the final dealings restoring most of the
losses In this division.
Altogether tho market seemed to bo
traveling on its own hook, as there was
vletnnllv nn rnnnitrtlnn hefiv,nn fna
BCrftmOn I AHArnMnna nml tin dnv'u nnnu flnvnlnn
- i .' .:; . xi ' ; " .ii ": .-;-.",,.'"'
uichin, j.iic rt'iiuwai rutu iur vuu iiiuuuy
;was again fixed at 8 per cent; and inter
in the day instead of climbing, ns some
thought it might in view of tho heavy
disbursements today, it was reduced to
7 per cent, indicating an ample supply
of demand funds nt the going rate.
Virtually all the railroad shares were
'taken up some time during the session.
During tho morning interest ran more
to tho lower-priced Issues, but toward
the middle of the day the investment
Nsues moved forward with tho junior
, lovues. Canadian Pacific nnd I nlon
Pacific in this swing moving up 1 to 2
points, with t'nlon Pacific regaining
nearly all of tho quarterly dividend of
2'i per cent which was taken off this
morning.
There were nlso susiitclnus ear-mnrkj
tlint advantage wai being taken of
sfn.nirtli nf mil to facilitate sales In
the industrials. In that quarter nf the
market the movement was uncertain nnd
Win. some sense conflirting. Some of the
higher grade shares displayed underlying
strength, while in others there was un
mistakable inherent weakness. Report
of the fluancial embarrassment of one
of the obscure motor companies furn
I Ished the shorts with an excuse for
t another uttnek in that quarter. Uepub
I lie. International. Chandler and 'White
I Motors fell 1 to 12 point and oils, in
I eluding Mexican and I'un-Amerlcan,
niuiie similar declines. Steels and equip
1 ments also caed on selling of Va
1 nadium nnd American Locomotive.
(icncral improvement was shown in
the last hour, the shorts covering their
commitments In Heels, equipments and
oils on the dton in the call money rute
to 7 per cent.
$500,000
City of Detroit
Michigan
Direct Obligation 6' Bonds
Due Aug. 1st, 1935
Price to yield
5.25
Frt From Federal Income Tax
Legal for New York Savinji
Bank and Trait Fundi
Send for Descriptive Circular
L-1S0
E. H. Rollins & Sons
1421 Chestnut St., Philadelphia
Boston Neiv York Wilkcs-Barre
Baltimore Chicago San Francisco
DROOPING PRICES
IN LOCAL MARKET
You Can Buy
The Most
with fundi immediately avail
able, by purchasing gund
securities that are tlme-teated
aa to earning power and
which can be obtained at
present prices to yield
8 to 10 annually
The Partial Payment Plan
et.ables you to arrange now
the inveatment of your sav
ingi over tho next year or
more at the exceptionally low
prices prevailing. We will be
glad to give you complete in
formation gratis.
Write Dept. I'L-17
rVey stocks-bonds 'rc
65 Broadway: HewV&Tk
Telephones Rector 4663-4
Philadelphia Electric Share
holders Ratify the Proposed
Neiv Preferred Stock Issue
The ratification bv the .Philadelphia
riectric stockholders of the proposed
i istne of $ir.on0,000. S per cent rum
inative preferred stocK wns viuumiy
nbout the only real local news develop
ment of the day. As already stated,
only $(1,000,000 of the new Issues will
presently be offered for subscription at
nar to the common shareholders,
'equivalent to nn allotment of approxi
mately liO per cent. In bis statement.
Joseph H. McCnll, the president of the
company, told the shareholders at the
special meeting that prcvuillng linaucinl
conditions had made it impossible for
the management to carry out the
originnl pluns for obtaining the necrv
iary funds, which the proposed issue of
new preferred stock will provide, and
which will be convertible Into common
! stock nt par nnd redeemable at $28.
i The effect marketwiso was slight, al
though the common stock which Is now
traded in declined Vi to 22, which, how-
I ever, was due as much to nnrrowness
of the market as anything else.
Prices in the general list showed a
drooping tendency, at least there was a
general fractional shading pretty well
along the whole line. Except in a few
scattering Instances, the transactions
were ogain made of small odd lots.
There was further heavy transactions in
United Jas Improvement over a range
of a point between 41 and 40, which
apparently represented continued opera
tions to establish losses for income tax
returns, j
Pennsylvania Railroad remained one
of tho firmest spots on the list, which
was In sympathy with the strength of
the rnlls In the Now York market. Lv
high Valley was higher, while Lehigh
Navigation yielded Vi to Wi,
Dealings in the traction shares re
mained hinall. Philadelphia Rapid
Transit wns off Yi to 14'4, hut renched
near tho close to 15, while Union Trac
tion ndvanced J,i to 25.
In the miscellaneous list few !inng
occurred. Storuge Unttery dipped t
120V-, but rallied easily again to 12.'!
Insurance Company of North Amcrlcu
and Keystone Telephone on light snlcs
surrendered each i points. Lako Su
perior had a late advance to 11 vs.
Bale
les
son
100
400
500
400
400
400
1000
300
too
1000
2000
300
aooo
1800
700
400
100
loo
.100
too
300
1400
000
100
300
2000
100
400
300
3.100
100
100
1000
13000
10100
800
100
100
JG0O
loon
200
M0
6300
too
too
1000
300
7000
1800
too
100
400
(100
2400
stno
1900
2S00
4000
13700
lsoo
800
400
lono
von
300
1700
100
100
stno
3M
JS03
1730
100
12.10
X7II0
400
2'00
1700
1100
400
400
3100
10000
200
too
100
30)
SOU
7300
1'J0
N03
200
200
100
100
700
00
300
400
1A6II0
200
200
100
2300
r.2C
70)
300
ODD
200
too
f00
noo
200
400
100
1005
100
700
800
not
700
201
300
3300
300
2400
000
300
630
Olr.
Int
Adams Express, . , . , .
Advance numelv
Alaska Gold Mlnea, , , ,
AIIIAChnimero
Am Agrlc Chem,
nigh
35
80
m
31
7
1
a
8 Am Beet Suimr 71W
10 Am Bosch Magneto... 81 H
.. Am Can i 34J4
1 Am Car & Fdy 1J4M
Am Cotton Oil 35
, . Am Hide & Leather.. 13H
7 Am Hide A Leath pf.. 75H
Am Inter Corp 70tf
3 Am Linseed 08J4
Am Locomotive 5
. Am Snfety Razor. ... 18
Am Bhln & Com. ..... X6U
Am smelt iter o
Am Smelt & Kef pf . . 00H
dm omen seo A 7a
Am Steel Foundries... 3114
Am Steel Fdv of st
Am Sua-ar Itef HOW
10 -Am Sumatra Tob.... 84t
8 Am Tel & Tel 7V5
fl Am Tob pf new 89
20 Am Tobacco n .USi
7 Am Woolen 74
. . Am Writing Paper pf . 50
4 Anaconda Copper.... 53J
8 Ab s Oil 87
0 Atch Top A Santa Fo. 84 X
.. Atlanta nir & Atlantic 7
.. Atlantic Fruit 18 J
10 Atl Gulf & W I S S.135
S.bo naldwln Locomotive, .lnsv;
.. Balto & Ohio iVt
Jiammore & onio or., fit
Batonllaa Mlnlnir.
5 Bethlehem Steel 72J4
8 Bethlehem Steel B.
. . BrWyn Bapld Transit.
.. CartdnCent O & R....
0 California racking...
10 Canadian r.-iclllc
.. California Petroleum.
75 J,
10 J,
14
now
13t?i
2655
Case J I 1st pf 0OH
0 Central Leather.
4 Cerro de Pasco Cop..
10 Chandler Motors
4 Cheaa & Ohio
.. Chicago A Alton
.. Chlcng-o & Alton pf. ..
.. Chi & R III Kq T ctfs.
.. Chi & r. Ill pf ctfs...
.. Chicago & Ot West..
2 ChlcaRo & Gt West pf .
5 Chicago Northwestern
.. Chicago Mil & St P..
. . Chi Mil & St P pf . . . .
.. Chi n I & Pac
0 Chi It I ft Pac 6 pf.
7 Chi K I & Pac 7 pr.
.. Chile Copper
1.30 Chlno Copper
8 duett Peabody
4 Coca-Cola
.. Col A Southern
4 Col & So 1st pf
.1 Columb Gas & Eleo...
1 Col Graphaphone
7 Consolidated Gas ....
2 Con Interstate Cal M.
3 Consolidated Tixtlles.
7 Continental Can
l Continental Candy. .. .
4 Corn Producto Ref . . .
2.30 Coadcn & Co
8 Crucible Steel
. . Cuban Cane Sugar.
7 Cuban Amer Sugar.
0 Delaware & Hudson
33
3R&4
85
r.njj
to
10
lnj$
12K
It's
"0!-j
73 Vi
37J4
35
38',i
00
77
14 V
28 K
70
'4Ji
28
tOii
34 H
23
S0H
10 V,
20x
. 78 Vn
. "96
. 8SK
. .18
ltfc
. 34
. 41 ,2
S7
10 Del Lack & Western.. 245
.. Denver & Rio Grande. 5
. Denver A Rio O pf . . . laj$
1 Dome Mines 11 'i
. DuluthSoSAAt 4J
. . Duluth So S & At pf . . Rh
Elk Horn Coal 22JJ
3 Endlcott-Johnson ... 08
Erie ISM
.. Krle 1st pf 24M
.. Krle 2d pf 1794
8 Famous Players L.... 73
s Famous Players pf . . 81
7 Federal Mln & Smtl pf .TJJ-i
10 Fisher Body 100
3 FIsk Rubber 28J4
.. Frceport Texas 21 i
.. Gaston Wms & Wig.. 8j;
8 General Electric 144
1 General Motors 31
0 General Motors pf . . . 74
0 Gen Motors Deb 6. 00
7 Gen Motors Deb 1.. 7DJJ
0 Goodrich B F 54
t7 Great N'ortliern pf . . . 70
4 Gt North Ore ctfs ... MSJ
SO Green Cananea i'op... 23
. Guantanamo Suk Co. . Ib'j
4 Haskell & Barker Car 08 Ji
Hendee ctfs.
Houston Oil Co. .
Hupp Motor Co. .
Illinois Central. .
on Indahoma
t
Rof.
Con
Cop,
0
. 'it
.103
. 1854
. 87 Ji
. 74
. 45
. 20
. 18!s
. 3'i
. 10U
ton
23 54
74 hi
38"
38 U
Inspiration
India Rf.
Inttrnat Aitrlcql . .
Int Con Corp
Inter Con Corp pf . . .
International Nickel.
Int Mcr Marine
Mer Marine pf . .
Ivernnt Motortruck.
InInelnb!, Oil Corp.
Island Oil
Kan City Southern... 20'.
Kansas City So pf.... 40 Ji
Kelly-Spgfd Tire 73?a
Kennecott Copper.... 4hi
130o. L20 Keystone. T & R 1K
400 e Lackawanna Steel.... 08
fiOO .. Lake Erie & West.... 14
100 2 Lee ItubberTIre 21
1200 3.00 Lehigh Valley 40
3800 .. Loft Corp I3!i
1100 2 Loiwe Co 20J;
303 7 Louisville & Nashville 1 02 '
Total sslft, iUO.700 shares, compared with
.erk, J. COS 200
Vow
8
30
Hi
31U
77K
73
83
34 K
183
as
18H
78H
08 K
SK
0S
H
20
35 H
K
73
37
85 J4
100V4
81
7
60
H5W
77H
to
53Pa
87
83H
7
1815
133
loot
4tii
50H
i
74H
10J4
14
08
11RJ5
1W
00 H
53H
38 M
83
"OH
10
18
10J1
11M
054
20U
73J4
W.l
r3K
soj,
f4U
70JS
14
.7i
00
34i;
27
405',
34!J
225
8054
on
28!,
7H,
mi
37 'A
1181a
33
40 K.
97
2.n.0
5'
113J
Uli
t'5
8W
21 rj
;s
"Is
21
7115
82t4
3214
100
28
31
8!i
144
30 H
74
r.D
70 U
53
74 tf
319
23
18J4
23
10115
14
97J1
1H
43K
20
1S94
354
r,
ia
V3
7455
30
3iH
5;i
lti
05A
73
w
is;4
o;h
21
4054
1154
J0K
102
rso,2oo
TslaX'lNt
CICt.
fl H
so ..
it;
83.
78 4- 154
7114 4- H
83 - 854
8414
4-
13 H ..
73H- 1
tH- 14
8-
5 4- 54
1314- W
20 - II
8SK ..
00 H
71 - 1
l
37 -
85V4- H
110144- 1
8354- 1
754- 14
81 4- M
11354- H
78544- 1J4
80
5254 4- J4
87
84544-
7
18JS ..
138 4- 11a
107 J4 4- lit
42544- 54
51 4- 14
..
7!i ..
75 J4- J4
1054 4- 54
14 4- 54
8J4- H
Ml IS a li
2CJS- 114
(OH- H
M - 14
383- !i
83 - 1J4
oo?4- H
10
18 ' 1
1014 4- 5a
17344- 154
0J4 ..
2054 4- 154
7314 4: 54
3754 -t- H
344- 54
37 4- ?
80 4- 14
77 4- 1
1454 4- 4
37K- 14
08-3
34 JS 4-14
28
40!
5455-
?.1
8015 4-
tOlji-3814-
7S54
1194
8854 4
3714 4
11055 4-
4- 1 I
31 4- 154
4- 15a
4154
07
245 4-
554 4-
1354 4-
1155 .
454 4-
H14 4-
22J4-
08 -
1554
2455 4
1754 .
.1255 .
100 -
28
2154-
84-
144 4
31 4
74 -00
7054 4
53 -
7854
31 Ji .
25 -1814-8854
,
2.1
103
1555 4-
8714
75S
t
20
18
354
1054
Ji h
38!4-
30
I4
20 J6 J
49 54 A
0754
14 J-
31
4054
"5;-
2055
10j -
ehureo
054
y
54
1!4
14
54
2
54
54
'i4
1
54
54
14
2 55
54
H
h
155
iji
54
54
i
1
54
14
54
H
J4
54
It
54
'5
?i
!i
i
114
V,
14
3
1
54
1
54
v.
ytaterday.
SafM
HI
too
100
400
too
3100
300
100
1800
10
2400
700
4409
4509
8800
400
1000
200
13400
6300
.100
MO
500
100
tioo
400
800
loo
10o
11000
18000
ntso
looo
400
07 H)
too
400
7J0
130
100
100
300
.100
700
7013
503
1700
2700
1200
5800
NO0
100
810
103
8300
100
000
3301
200
100
100
000
100
200
too
20700
100
300
2200
23U
10T
0500
3490
18100
80S
12700
1700
200
2500
1000
100
1700
13200
100
too
200
7200
300
20
G50
.190
1000
4300
10890
100
100
800
17300
3800
1000
800
2500
100
2000
2000
6450
200
600
11500
400
100
200
OSOO
2400
200
2200
too
21500
500
700
200
4500
300
200
2100
15100
200
v 3000
1800
4000
900
3000
1800
3000
3800
100
200
1100
In I
High
154
60
3054
96
3114
M
Malllneon A Co.
7 Malllnson A Co pf...,
1,75 Manhattan Shirt
10 Manatl Sugar
3 Marlln-Parry
.. Mnth Alknll
.. Maxwell Motor 01
.. Maxwell Mot 1st pf.. 18(4
, Maxwell Motors 2 pf. 954
.. Maxwell Motor ctfs.. 954
8 May Dept Stores 7554
10 Mexican Petroleum... 16354
3 Miami Copper "IS
1.00 Mtddlo States Corp...
4 Mldvale Steel A Ord.. 39VS
.. Minn A St Louis IJH
7 Minn St P A St 3 M.. 774
.. Mo Kansas A Texas.. 54
. . Mo Kansas & Texas pf 1454
. Missouri! Pnclflc yVt
. . Missouri Pacific pf . . . 49
,. 'Montgomery Word... M4
8.50 National Acme ss
.. Nat Aniline A Chem.. 78J4
7 National Biscuit 10614
8 Nat Clonk & Suit.... 43
.. National Con A Cable 74
1 Nevada Con Copper.. 104
10 New York Air Brake. 0!i
.. New York C A St L. . . 3854
fl New ork Central "0
.. New ork N II & H.. 9554
1 New York Ont & W. . . 3114
.. Norfolk A Southern... 314
Norfolk A Western... 85
North Pflclflo ?854
Nova Scotia S & C. . . 4?4
Nunally Co
40 Okla Prod A Ref 35,
. . Ontario Silver Mining. 55i
8 Otis Elevntor 1?5
.. Otis Steel MV4
8 Owens Bottling Mach. 4014
4 Pacific Devcl Corp... 31
a Pacific Gas A Eleo. . . . 45;
0 Pan-Amer Petrol 8754
6 Pan-Amer B 81
,. Penn Seaboard Steel.. 18J4
8 Pennsylvania R R. ... 41 J4
.. Peoria A Eastern l'U
.. Pero Mnrquette MM
0 Pere Mora prlot pf . . . 60
. . Pere Marquette pf . . . . 45
U Philadelphia Co 3
.. Phillips Pet...... M!4
. . Jlerce-Arrow Motor. . 36
8 Plerco-Arrow pf 8814
.. Plerco Oil "ft
.. Pittsburgh A W Va... 3114
Pressed Steel Car.... 005
Pressed Steel Car pf . . "854
Pullman 113
Punta Alegro Sugar. . . 7315
Pure Oil Co 3854
Railway Steel Spring. H
Ray Con Copper 15
Reading "M
Reading 1st pf 4354
Remington Typowrlter 5114
. Replo Steel ??
a Republic Iron & Steel. 85
7 Republic Iron A Stl pf 03
.. Republic Motortruck.. 2054
. , Royal D N Y rtfl 8454
. . St LouIb San Fran .... 2854
. . St Louis Can Fran pf 4254
.. St Louis Southwest.. 2754
. . St LouIh Southwest pf 38
.. Saxon Motor 5?4
. . Seaboard Air Lino. ... 7
. . Seaboard Air Lino pf . 17
1 Santa Cecelia Sugar.. 134
74 Shell Transport 51 J5
.. Sinclair Oil 2054
A Sloss-Shefr 68
0 Southern Paclflo 5K
20 South Porto Rico Sue 134
.. Southern Rail 2SJ4
n Southern Rail pf 0014
20 Standard Oil of N J.. 000
7
7
n
so
Stand Oil of N J pt. .103J4
Steel Tube Co pf 85
Stewart Warner Sp... 315
Stromberr Carb 7154
Studebaker 0154
Superior Steel 00
Temlor Corn & F A". 42
Tenn Con A Chem... 054
3 Texas Co 4754
.. Texas & Paolflc 3754
60 Texas A Pac C A O.. 3715
.. Times Square Supply. 2.154
0 Tobacco Products.... 66
7 Tobacco Products pf. 84
.. Tol St L West ctfs... 135',
. . Tol St L West ctfs pf 2155
.. Transcontinental Oil.-. 854
8 Union Bag & Paper.. 87
.. Union Oil 3 W
to Union Pnclflc Ill
4 Union Pacific pf 64',
12 United Fruit 11
.. Unl Rwy Invest pf.. 18J4
3 United Retnll Stores.. 0054
lllS Ind Alcohol 8354
..US Realty & Imp. ... 48
BUS Rubber 8514
6 U S Smelt A Ref 535
BUS Steel 8054
7 U S Steel pf 10655
8 Utah Copper 6154
Utah Sec
0 Vanadium Corp
4 Va-Carollna Chem. . . .
2 Vlvadou Inc
. . Wabash ,
. . Wabash pt A
. Welts Fargo Express.
. . Western Maryland. . . .
. . West Maryland 2d pf .
. . Western Pnclflo
4 Westlnghouse E A M. .
.. Wheeling A L B
. . Wheeling A L C p. . . .
4 White Motor
1 Willys-Overland
7 Willys-Overland pf . . .
Wilson A Co vf
. . Wisconsin Central . . .
1 ilvldnil t nx-rlthln.
Thus far thlsweek, 1,320,000
H
604
07 '4
14
054
284
53
11
1754
3054
48
i8
315-4
44U
10 &
75
565
32
Low
1714
60
90
96
al5i
29
14
18
li
9
7354
15954
ltli
1194
39
1814
7615
7
14
3614
47
33
3414
7414
10614
41
1054
9714
38(4
7454
3454
20
3954
8454
75J4
4454
15
394
554
12554
2254
46J4
3014
45
85
8054
1714
41 H
11 5i
2454
00
45
3454
3455
3454
8854
1254
2954
9SU
0851
113
72
3854
96
15
93 94
4354
51
7255
8354
03
20
82 54
3754
3954
354
37
555
754
1054
1374
31
285J
68
9415
123
2854
00J4
667
10494
83
3054
70 54
5051
50 J4
42
9)4
40
305;
3554
3li
0454
84
114
19
0
87
28
13054
.0354
101H
1854
6094
S2J5
47J4
F4J4
5354
8854
looj;
61
734
6055
07
14
J4
20 J4
53
1054
1554
28
4755
12 54
23
4254
15
75
6055
29
Tadar'sNet
Clone u
3ht.
ao W
60 - 314
21144- 14
39.
954- H
1854 4- n
H-iH
9 - S14
71144- 1
W 1.
1194- 54
39544- W
16544- H
77544- JI
7K4- J
141
7 1
49 314
.13 -
.15 54
75144- Ji
10014 - 14
41 - 314
1054 4- 14
9714
3854
75544- lit
.1554 4-
3154 f 1H
3214 4- 914
05 14
78544- 9t
4454
35 14
3415- ,14
3454- U4
8854 4- 54
1294- 14
3114 4; 154
90J4 4- 94
98J4
113 -
73
38544-
99J5
15
68)44-
43544-
51 -
74144-
8154
93
3754-
8454 4-28544-4154
4-27544-3854
4-554-8
17
1315-
5144-
29544-
68
95544
124 3854
6014 4-
657
104J4-
15
54
'"14
114
15
154
54
54
'354
154
14
254
394
155
54
54
94
!4
54
54
14
54
254
94
94
8
K
- 154
85
.11
71
0034
50 -43
054
4754 .
3754 4-3554-
23
06
84 -1354
4-
2154 4-0144-
87 -2054
4-
12354 294
6414 4- 154
19134 ..
1854-
0834 4
83 544-
47J4
8534
3334 4-
8954 4-
I0054
01 -
8
67J4
07 14
094
2834
53 -11
17J4 4- 3"4
8034 294
4854
1334 4- 54
214
4354-
15
75 -50J5-.13
PRICtMMIiNlu
WEREMIiED
Trading Currents Diverted. Back
to Industrial Wh Call
Rato Shaded
New York Curb
tNllUHTMALfl
Utah Voir l
Acme Coal ,,. ,
Aetna Rxnlos ....,.
Auto Tun .............
Alum Mfg ..,.
Alum Mfs- trf -
Amtn umoiA ...i.. ......
Afnm Chicle pref, J
Dr icmp nteei ,, ., ?s
ur rcmp 1 p 0 prei.,..,. " 55
tioMens Cons SI SI nt
tierden cons pref "4 J 3
nilis.rte ,...., 40 3 ",,
nrlt-Am Tob coup 121 "fl 'SH
car Lishl a 2H
K..U n-lnAll 31 21
as
155
4
54
14
14
"34
1
154
IJi
!4
1
!4
54
155
54
14
14
54
1
54
34
Is
54
1
14
14
1
15
1)4
14
14
harej. !ame BTloa last
Commodity Markets
COTTON
New York, Sent
MARKET
1. The Knglish la-
many believed that this caused pros
pective buyers to hesitate at least tem
porarily. An estimate by B. W. Snow placed
the whiter wheat crop at 540,000,000
bor troubles weakened Liverpool cabled j bushels, corn nt :i,02a,000,000 bushels
Philadelphia Stocks
Blch
10 Am Strs ir.'i
GEO. A. HUHN & SONS
HTOCKS ANi noviw
Members of the Philadelphia, New
York nnd Chlcngo block l.icliansts
New York Cotton Dichunie
Commission Orders Executed In
All the Prlnslnnl Ma-kets
UULLKVI'IS Cni'HT III.UU.
MIS Walnut (.
NK VOHK OFriCR
111 llrn.ulnar. New ork
Tiw ;if, ihae.
ir'4 H.-.U.- 1
:uv, :ui4- w 1
S4 84 - Tl I
00 or, 4- Vi
120 Mi lir-JVa-f Mi
2S 28 U
D n it
IMS 11
r.Rif. 5sj4 j5
40,I 404'i
41ir, 411. '.4- 1',
aril's
4"1!H4- Is
(15 ..
no .j
4H.j
HENDERSON & LOEB
MemberB New York and
Philadelphia Stock Exchang
1410 Chestnut St.
KCJtM'lUt AMMVr V."TH - VjunB nitn an
women wanea to uxiot In ratoarch and
teatlna-. phynlcs and chemistry and mo
rhanloal, civil ami eUctrlcal enonterlnv.
Tsntranc aalarlen for recent collbue Krauu
at.a 1120 pur month completion of 3 yeara'
.v,llir. 11111 iii- month, comnlpttnn '1 ,.r
voileoe. io2 per month! completion 1 year i Sales In
poueae. wo ivr inonin. uniy iiivg wun coi
fce tralntnc In one of th above eubjecle
tiould apply. Write the Bureau of Standards.
Vrathlnston, D C.. for Keneral Information
end application blank, atatlnv your specialty
ana collet tralnlnc.
24 Am Gns 31 U
t Atchison.. 84
lOtHaldwln
Loco pf. 00
.140 LI Stor,.12a
20 I Co N A 28
100 Kev Tele. 0
105 Lako Hup UTi
22 Leh Nnv. TiRV.
10r Leh Vol. 40")4
15 MInehill. -lli
15 PennnOn
Light uf aos
1173 Pa U U. 42
Kl Pa Salt. . Oil
110 Ph In W fil
50 Phila Co. 34Ms
300 Phil Elec 22Vt
752 PR T... 15
10 Ph Tract 50
aOOTonoMIn 1
305 Va Tract 25
2200 U O I . . . 41
1 "do pref. 50
50tWheel &
L B... 13
Nt cnanee mme dj- cornpurnon with laat
al on New i'urli Stork Iichuni.-f
fc.x dividend todat I" a. I. prof J1.7B.
Total sales, (1769 ehari-e, cotnuarfU with
bBi'3 aharea yeatnrday Thus far thla weiik.
17 637 aharea Same period laat week, 19,011
lales In IIOJTDS Nat
I1OO0 . KlKh Low Cloae cbte.
4 Am (las &
Elec 5s.. 00 00 CO 1
G Elec & Peo
Tr 4s.... 52 52
.. v i .-, n. ,i.,, .i.
1 lien vai us uuyt vn'
SIM 5I1A4- i
2
14i
50
24..
40
50
13
O'l u,
13
50 . .
1..
JA.V
W4
VI
t
iV
L
14
thi? morning and. in turn, caused ac
tive selling t.erc, under which prices
opened tiin-hanged to 20 polnta lower,
followed hj further tleolini-s which car
ried priees about 27 points under last
night's close
There was considerable southern Hell
ing early, doubtless influenced by the
favorable weather forecast and bearish
privato crop reports, especially from
the Southwest.
The afternoon market became somc-
what less active nnd prices held nbout
00 to 88 points below the close yester
day, and to a now low for tho day, in
the absence nf fresh demand from either
speculative buyers or tho trade. Liv
erpool cables reported an unfavorable
Manchester market while Texas ad
vices stated that demand was almost
wholly laiking.
Aside from scattered showers In Ar
kausah, Texas nnd Oklahoma, weather
reports were considered favorable.
The exports for the day aggregated
1301 bules, including 1)37 bales to Great
Rritaln and 454 bales to France. For
tho season to date the clearances
amounted to 151,108 bales, compared
with 521,408 bales in tho corresponding
period last season.
IlUh
27.RH
'.'.. M.I
25 25
21 00
lrv. close Open
Ort 27 IS 27. IB
I n i- 21 IS 23.n0
Jn 14 ! 24. S5
Mm 24.15 24.05
,Iui 23 0 28.85
Spot SO 25.
Low
25 50
24 10
28.55
23.1ft
floee
23.50
2I.17W23
23.GSOC0
23.13
and oats nt 1. -100 .000.000 bushels
A downward tendency tirevuiled in
the corn market, and although there
were rallies from -tho lowest, selling
orders appeared on nil the bulges, r;'i
that prices fulled to rally In proportion
to wheat nnd tho tone was easy
throughout the day. The failure of
frost to materialize and bearish early
estimates by crop experts were factors,
and there wna also much talk about the
liberal receipts.
Resting orders took considerable corn
on tho decline, nnd some shrewd ob
servers insisted that the technical posi
tion of the market had been materially
strengthened as a result of the day's
trading. The cubh market wus easy
with prices ubout 2c lower.
Trading in oats was dull and feature
less, with prices holding uuchunged to
fractionally lower all through the day.
Tho better tone in wheat appeared to be
entirely Ignored nnd prices moved in
sympathy with corn. leading longs
supported tho September position. Com
mission houses operated on both sides,
but sold on balance.
Leading futures ranted aa follows:
Corn (new ikllypry)
upn Jilgn uort (Jlore
1.40ft l.fltm i usy,
1.18H 1.17H 1.17'
iniruii",.
11,000 head,
LIVESTOCK QUOTATIONS
Sept. 1 CATTIJ-: Receipt.
Very alow. Oumnr t.r ,
mostly low to 2jC lower; choice ateera and
inwiiim, mui, oium lo ZOO lower.
Top ycarllnsa, 117., 5; bulk, irood and rhnlno
. r. k n nn , t nn. ..,i, ............ ..,.. . ; . .
''he" atoc'.t wtak ti
if 12. 76;
15 50ll.7i
uraaay kind.
to luwer: cowa
ranners, mvi 70 Bu oirna hull.
9Q14.00
range. 10
a. nova ana cnoKvi inUr. m..i..
I14'9I7 50, etocki-rs Blow, steady; western
lecelrta 2500 head ' ,,Iern
Iioas U.ice'pta. 14.0CO head Moatlv
vlfiiiy with yenterday'B airage' Kar v
i.,rrfl 15, bulk, llBht nnd immhera 115 30
O it : hulk, nacklnn owa 1 1 1. 1 5 C 14.40; c ic.
steady Jo 2So hlielier, built, desirable irad.a
114 75 15.50. s-raues.
SllnEl' llecelpta, 83,000 head. Pat lamha
25o to 500 lower. Choice westera, (IbTte'
Jaw natives. J18.00; bulk, native? IlLaojn'
12.75 shp, alow, lowor v.iry mod natlv.
ewes. 17 i feeding atoelt. oteady to lower.
JJfoek sale today on the New Vork
evclmnire. rvs compiled by the Evening
Run, totnlrd 500,1200 shares.
New York. Rent. 1. The New Yprk
livening Hun's closing financial review
today says :
Mixed movements In the industrials,
with priees' leaning to softness, and fur
ther quiet strength in railroad shores,
featured trading In todav's Rcsslon of
the stock market. Business wns in
eraJnnllv exnandlne? volume although
It seemed that this was brought about
more by centering of interest on n cer
tain few Issues thnn by any rcnl broad
ening of scope, Low-priced railroad
stocks were again in good demand at
substantial accessions in value. Sev
eral Issues in tht list were not much
changed, but all displayed a distinctly
firm undertone. The steel industrial
group held Wfady, whllo United States
Steel appeared to have abdicated its
position of leadership tor the time being.
fonsiuernDie pressure wns cxcricu
against the motor descriptions follow
ing announcement of tho failure of an
other small automobile company, the
second to noss into the hands of a re
ceiver within the past ten days or fort
night, and a good deal of talk was
heard about "the survival of the fittest"
in connection with the outlook for the
industry as n whole. The reference
probably sulfa tho case well enough,
although it is usually easier to exag
gerate a condition of affairs in a mood
ittiirzeRtcd bv the term than otherwise,
The weakness in the lending motor
stocks was not pronounced,
News developments of tho day were
not greatly heeded. Existing strikes nnd
threatened walkouts have become more
or less of art old story to the street.
Irritation arising therefrom would seem
to be largely personal for tho moment,
a it is regarded as certain that they
will be settled sometime. They always
have, and one may as well be philosop
hical over a matter that can't be helped.
Trading currents were in a measure
diverted back to the industrial shores
in the middle of the afternoon when
cr.'l money dropped to 7 per cent from
tht 8 per cent renewal rate. This Is the
PrM time in about a week that demand
loans have been qdoted below 8 per
cent. It was understood thnt large bank
ing interests placed substantial sums
ir the money market this morning. Some
relaxation from the higher ruling rntcs
was to be expected with completion of
arrangements for financial obligations
of the first of the month.
It was merely a momentary condition
of things and had little bearing on the
credit situation as a whole. One of the
strong spotH wns American Woolen
stock, which wns influenced by an
nouncement that that company's mills
at Lawrence would reopen on the 13th
of this month. There have been vary
ing opinions nbout this experiment in
supposed battling ngainst economics but
no doubt satisfaction that the mipposcd
need for It has passed will bo genuine.
While nwaiting ibsunnce of the gov
ernment cotton condition report, tho
market for that staple was. under con
siderable pressure, but improvement was
noted later on when it wns disclosed
that the condition was not ns good as
anticipated. The estimate as of August
25 was 07.5 per cent, whereas 09
per cent was quite confidently looked
for. The indicated crop wns approxi
mately in line with expectations, that
is to say, 12.783,000 bales. Existing
weather conditions nre regarded on the
whole as favorable and it would not be
Mirprlsing if another million bales were
ndded In the actual output.
The forwarding swing became quite
aggressive toward the closing, the steels,
oil and others making substantial net
gains, bringing the industrial list as
u whole In line with the railroad ad
vance. This demonstration was regard
ed mainly as the result of covering by
shorts. There was no little animation
in the bond department, where prices
continued firm to strong.
FOREIGN EXCHANGE
New Vorlt, Sept, 1. Sterling and
francH showed a rally In the opening
rnten for foreign exchange; other cen
ters were Irregular. Scandinavian ex
changes were generally unchanged. Do
mand wan up V4 cent, francs 2 54 points
and marks off 1 point. Lire dropped
55 point,
quotations were:
Demand sterling 3. EG. cables 3.G6:
franc cables C.97, checks C.9G ; lire
rubles 4.07, checks 4.6054 marks 2.03;
Swiss cables 10.47, checks 16.42 ; Belgian
cables 7.39V5. checlm 73854: pesetas
cables 1G, checks 11,98; Stockholm
cables 20.20, checks 20.15 ; Chrlstlanla
cables 14,85, checks 14,30; Copenhagen
cables 14.40, checks 11. 3D; guilder
cables 32. checks 3114.
Tho principal European exchanges con
tinued to lallv in the earlv trading.
Sterling was quoted at 3.56i for demand
after the llrft hour, and j. 67 Mi ror cames.
Franc cabins were u.'.i, cnecKs 6.95 ; lire
cables 4.G7 54. checks 4 67; marka re
mained at .03 und Argentine was un
changed at 1 1f 54,
ynSTEUDAY'fl FINAL QUOTATIONS
Merlins Prnnei l.lro (lullder
Demand ... 8.C5Vi B a 4. (14 SI, 75
Cables . . . 8.50 U (14 4.00 31,87
TODAY'S OIT.NINO QUOTATIONS
Sterling j-'ranci Lire uulltiera
... 8.511 II. nil 4 SOW 31.87
, . . 3.8(lli II 07 I 07 82.00
I'IjOSINO QUOTATIONS
Stnrllnir Tranoa I.lre Oultders
Demand . II B7 4 II.HH I. flu 31.87
Cables ., J.i, ' o.i'i ti oj uu
comer Tinioii ,.,,.....
Caracas sugar .,
bom Steel
Clardner Mtr , i..
Garland H S ,..,......
fltnsral Asphalt
Orepe Ola imi
31
01
02 .
S4V4
4
354
nn
,, r
W..itll, AI..I MMf HI
llereules Paper ?054
lJtty Marten ' ;
I,ueey Hfg ? j
Lincoln Motors A 41 j
National Leather .JOH 1
N J Zlno -. 190 11
N J Zlno rts 11 I
Nor Am Taper OJy
Orpheum Circuit h.w.m 80S .
Perfect Ion Tire .V 1 H ,
Hoot Vandervort 52) I
H J rternolde (new) .... 8754 S
Submarine boat 13.. '
SwtetSiCu 1H
Triangle mm .... .j .
V S High Speed Tool .... 3054 1
II s steam 3V
United rrortt Sharing ..,- 1 ,
Union carbide , ..03 j
United net Candy 12.. 1
Willys Corn 1st Pref 72 1
Willy Corn 2d pref..,.,. 06V t
Wm Danes ............. sett I
Wayno coal 054
STANDARD OILS ,
Ohio Oil 910 01
Standard Oil of N T....380 SI
1NDETKNDKNT OILS
Allen Oil IK ,
Allied Oil ...20 '.
Atlantlo Oult 72
Arkansas Natural Qe .. 10.54 1
Ulery on 15V l
Hoone Oil 25
lloston Mexico 1H
lloston-Wyomlng IVi
Cities Service Tl ctfs,... 34 I
Cosden ft Co 7H
fushlnr Pets S
Elk Uasln Petrol 85t
tiemeralda Oil H
Federal Oil 25i
Ollllland Oil SB !
Olenrock oil 254
Home Oil is
Intl Petrol S4&
Kay County Oaa ......... It.
Livingston OH
Maracalbo Oil 19
Merrttt Oil 14
Midwest net 148 1
National Oil N J 7T4
worm Amer oil !
Omar Oil , 0
Panhandle pref 70
Producer ft rteflners ..... 054
Ilcd Hock Oil ,u Ve
aimnu Petrol 12
Xkelly Oil ;.... 0'4
Sinclair Cent pref 82 H
Superior oil tl IV
Texan nanger
Un Texas Oil . H
Victoria Oil, new IV.
White Oil lSVi
Hoy de France 45.
MINING
Alaaka Dr Columbia .... 1A
Hie Ledg i
lloston ft Montan ....... 69
Caledonia Mining 2U
Calumet ft Jerome U
Candelarla Mln H
Cons Virginia .15.'
Cortes Silver ...,u 62
Creason Oold IS
Dundee Arts 1
121 Salvador 1V4
Ruroka Croesus A
Kurrka Holly lK
Golden Uate Exp U
aolddeld Florence 13
Oold Kewana 2
Oold Silver Pick 0
Oold Zone 27
Hecla Mining 451
Iron nioe.iom l
Jumbo Kxtenslon 5
ICnox Dlvldo 8
Ixnilslana Co 'i
MeNnmara 5i
Marah Mining 17
Mother Ixide j S8
Mother I.ode. new 5Tb
North Star 5
Nlplssinir OH
Ilex Conn , ,. ,"
Hocheater Mines 7
Seneca Capper 15Vi
H Sliver I-edd 51
Tonopah-Ilelmont . Ill '
Tonopah Divide 1
Tonopah Kxtenslon ltk
TonopahrJlm Hutler .... 13
Tonopah Midway 11
Tonopah Kescun Hula 22
United Eastern 2J
Victory 0
West End C if.
White Caps 0
White Caps Ext 1
l'errlnston S
Ex dividend
Ifo
aio
880
Jii
Bought, 'Sold or Quoted
Crew Leyick
i
First Mortgage 6
Sinking Fund Gold Bonds
of 1931
Empire Refining
First and Collateral Trust
Sinking Fund Gold Bonds
of 1927
Empire Ga & Fuel
First and Collateral Trust.
Sinking Fund Gold Bonds
of 1926
Henry L. Doherty
& Company
604 Morris Building
Philadelphia, Pa.
Telrpbonei Locust 1440
ja
J !
If Dissatisfied with the
$40 Yearly Income
i
received from each of
your 4 bonds why
not exchange them for
higher rate securities?
$75 a year instead of f 40
will overcome your
losses if not too large
in a reasonable length
of time.
We will gladly work out
such exchanges for you.
Write for letter P-43,
which gives a concrete
illustration. '
George H. Burr &'Co.'
Investment Securities
421 -Chestnut Street
Philadelphia
Our Offices In IB
A National Yet
Cities Offer You
Personal Strifes
13
ll
VSgaaf?
5TOCK5
IBONDS
7?
141
Reorganized Rails, Kail
way Equipment Issues
Standard Oil Units
Do you koovr what ! behind their
msrkelwiie actIvitj-7 Uor specs,
lelte'r, "S. 0. R.," which it i small
'Ma; to ailc for and a food tbinj
(o have, will tell tod. Coropli--icntsry
copy for the aittliif.
''farhntable tetcurititr cartUd
upon conservative marginal
l3iti. Odd Lot a specialty
(Anrceeaom to GoMb-rr Hi rtim'
,mllM, (rhllsaelphla StC. 5teh '
Mrmbera 1 (jenaol. Stk. Kx. of S. Y.
- 1G22 Chestnut Street
I'hon-si Hell. Sprue B017-430O
Keystone. Knee 709
71 rtroadwny 40 nth Ave.. N. Y.
Stamford, Conn,
t.V'
Allied Tack 0a .
Amer Tel Oi of
Amn Tel (is of
Armour 7s
Anglo 7Ha ...
Iierlln 4a ...
Bremen 4U
Col Ornf Rn .,
Colonic 4s . .
Frankfort 4s
Goodrich Tlr 7s
1. HOas necclpts.
, i". 1 1 o w i n. xa
52 .
00H.
Liverpool Cotton
UrertKiol. Sent 1. There wae
nulrv for Hiiot cotton rtlh nrtcos
.1 U.. I.uul.. nf ,. n.l.'o.tAr. iif ft
HID imam w. ..,, iiuiHiu' u. v
i- irood middling at 24 50d.
whil mlddlinif wan Id nolnts lowrr at
II, 80d. The sales were S00 hales Tho i
reeclnta were 000 bales, including; 700
hales American. Futures were cany In'
tha enrly deallnnii. Spot prices werot
.Awerloin. mlddlinif fair. 27 26dj good
mUdllnir. 24.o0di fully middling, 23d;
'Sailiwr Sl.Bpdl low middling-, 17.70d;
wTwdlnary, 14.25d. Bnd , ordinary.
Lib Honda
surf 8fl.nn fin.nn so on 1 co
o 3 il 4h... 8J.C0f5l.50 84.r0 .'ol
- "if, ltd -IViH.. 87.88 87.K87.8S--. lei
4th lis.. 81.01 81.01 81.fH-r-.I4
QRAIN MARKET
Chicago, Sept. 1. The wheat mar
ket was unaottlod during the gTcater
part ot the scBnlon today. In tho early
dealings some long holdings of Decem
ber came out nnd .cauned a rather weak
tone, but short covering developed on
the decline, and this, coupled with buy
ing by shipping bouses, cnuscd sub
stantial rallies.
There was a comparatively good ex
port demand, and before the end of the
Sept. . .
Dec .
(Juts
rtlpt .
D-c, . . .
l'orli
Hout. . .
Oct . . .
I.arU
Sept. ...18.30
Oct 18 80
niba
Sept
Oct.
Uld.
l.asft
1 l
c.-s
tia i,
23 5.1 :
L'iss :
on
U0H
M.II5
M.'Ji
13.10
18 83
15.15
18.03
r,r,w
out
23.00
U4.10
18.12
18.00
14.80
10.00
1.1 j
00l
23 0.1
18.35
18.07
15. CO
16.02
Yost.
close
1 40V
l.ISS
US',,
HO'.
21 on
24. as
18 40
1H.80
15.20
15.05
I'lttaburrth, Sept.
IMC head. IIlKhor.
heavy yorkere. $17.0SS17 75 I'hrht yorkers.
I.B017 plsre. tlfl.oOWia. yDrers,
h"i,W..ua.-iJ"J5-5f.pt.. loo
ilJ-'lowei. """v. ; top iambs,
ToCALVaiS llecelpta, 21B head Steady.
Eastern Steel Passes Dividend
New York, Hept 1 Tho Eastern Steel
Co. hua ptiBsed Its quarterly common
dividend of aH par cent. The last quar
terly common dividend waa paid July IB
In Liberty bonds. Tho paaslnsr of tho
common dividend, according tn thn ,,
ment given out by tho company. Is due
i.., wiu lu" """, """uugii earninKH aro
Demand
Cables .
BANK CLEARINGS
Dank elearlnue to.W compared with cor
responulni: iiy last cw yoara:
" 1U20 IliIU 1018
noston ..IB7.r.20 2l3 101.040.545 $44.804.B42.
B,. Ixiuls. 2B.84B.45H 7
Phlla, . . . 00.177.(182 fiO.117.OSII 83,458,811
N. Y. ..1,031.100.014 87(1.020,110 877.345,707
Cnicano. .11.4,11111. iinn iuii. , nu, lii-i
llnltlmore 10,44(1,140 15,070,384 . . ..
National Properties' Refinancing
Extension of llmu for deposits of Na
tional Proportion 1.0s with thu Kan
dolph committee under tho terms of the
reorganisation plan, expires today. It
Is understood tlint whllo there were some
withdrawals aa a consequence of tho
Hob!nsou committee's nppeal, the net
result has been a gain In deposits m
assent to tho only plan bo far offered.
Furthor deposits win probably bo ro
noNns
02
24 02i
22 114
00
v-PO
i IB;
.......... 21
no
io?i
, 20
08U
Hamburg- 44s 21
Hamburg 4a IB
Krefeld 4 1(1
felpzlat His 22
Ilpile rfln 21
Mannheim 4a 17 li
Morris 7s 08
N Y Cent 7s lonH
New Haven 4s 71 H
Ohio Cities 7a of '21.... D7
Southwest Bell 7s 07
Sinclair 7Via ItnH
Swedish da KB
Tex Co 7s 80H
Union Tnnk 7s ., 0A14
Vienna Bs Bti
tveat I'.iea is .t ...,., nun
ill
02 .
U3ts
HO
no
18W
??W
(111
10
20
OHtl
111
22
IN
17'4
08
Inn
oV1
H7
00
85
99
OOtt
B?i
98
HJ
021
04
00
00
2?"
00
10
20
08H
20
1A
10
v
is
I7i
08
luntt
71H
07
07
11014
hB
00
00 H
b;
0SH
SECURITIES AT AUCTION
The following accurllles were sold at auc
tion today by Humes & Lofland:
Shares.
ires.
STOCKS
arket Street National Bank
0 Iand Title and Trust Co.
Inn
tain Railroad and CorI Co. pref.
S united Ona Imprnvemont Co.
o ituming-aon ana iiroaa top Moun.
1000 OoldOeld Oreat lleiid Mining-
Co Lot
100 Nevada Utah Mines and Smelters
Corp Lot
IS Nevada Utah Mlnea and Smelters
urp i.ot
SB Nevada Utah Mines and Smelters
Corp Lot
23 Nevnda Utah Mines and Smelters
Corp 1,01
100 Dlamondfleld Daisy Oold Mining-
Co Lot
100 Dlamondneld Daisy Oold Mining-
Co Lot
100 Dlamondfleld Daisy Oold Mlnlnir
Co
20 The Wheeling; and Lolte Krle Hull-
road Co Lot
100 Quicksilver Mining- Co Lot
100 QuIclrsllVHr Mlnlnu Co Lot
100 Huntingdon and llroad Top
Mountain Hullroad and Coal
Co
BO Lustre Mining and Smeltlnr
Co Lot
S00 Falrmouut I'ark Oransportatlon
wo ', Lot
2? Kenetnrton N,tlial Hank
4 Fidelity Truat Co
2rroldent Life and Trust Co...
B Commercial Trust Co
3 West End Trust Co
80 Ouarantra Trust and Safe De-
poalt Co
1 Flro Aaaoclatlon of Phlladel-
phla . , , ,
20 People's National Fire Insur
ance Co
CO aeons U. Newton nrst Pref,.,
lJohn H. Stetson Co, mm
(.Keystone Watrh Case fo
CP!'l'delphla Finance Co. ,
NEW YORK COFFEE MARKET
amply sulllclent to pay the regular nuar. I eel vod only subjeot to approval of tho
torfy dividend or. tho common stock tho ! committee. Tho trustees under tho Nn.
money stringency and larger capital re-' 'lonal Properties 4-6s mortgage have
fiuliements Incident to ihe high prices of , been notified for purpose of foreclosure
raw mnterlnlH mnko It advisable to omit Proceedings for sain of the colluteinl
tlu usual common stock dividend In tho securing the bonds In accordanco with
interests of conservative management tho reorgnnUatlcn plan, but no date has
Th regular nunrtorly dividends of i . .et been fixed by the court for the sale.
Per cvnl on tho first and second tire- over 11000,000 of tho 1G.BOO.000 bonrtB
ouiBiumiinK mo m u ui-iioniieu Willi llio
Unndolph committee, but the Robinson
committee has not made known the
amount It holds. Quite a number of
bonds has not been deposited with
either committee.
220
47t
40
13K
13
ein
it
11
13
11
fl
tl
S1SB
,3
B
II
125
450
42.1
28B
159
125
325'4
30
31'A
3W
Municipal
Service Co.
Three-Year 8 Coupon
Notes
Pennsylvania Tax Free
Company serves 10 communities
having population of 300,000 In
four states.
Earnings applicable to Interest on
these notes over six times amount
required.
Price 99 to Net 8.30
Baker, Ayling & Toting
J, W. SWAIN. Jr Haaasjet
Land Till. Bids;.
t0B PfclUditpbla
Sf
Wo Ilnvo Orders in .the Following
Tax Free Utility Bonds
Scranton Electric 5s. 1037
Duqucsnc Lt. 6s. 1949
Penna. Wntor Si Pr. 5s, 1940
West Penn P. 5s. 194G
West Ponn 1. 6s. 1958
Penna. Pub. Serv. 5s, 1962
Penna. Utility 5s. 1916
Phila. Rap. Trans. Eq. ."is, Various
Luzerne Co. G. & E. 5s. 1948
No. Umberland Co.G.&E.5s,1916
Acme Tea 1st Pref.
Amer. Stores 1st Pref.
E. G. Uudd Mfg. Pref.
B0ENNINQ, GARRIS0N& CO.
stock KXciiANaK nun.nmn
Direct l'rlvate Telephone to New Ysrk
Members rolls. Slock Exchange
ferret! blocks
September 15
tember 1,
wcro deolnrod, i.i-h!1o
to stock of record Sep-
1(1 4th I'is.. 81.U1 81.01 81.044-.14 port demand, anil uerore me end oi tne
17 Vlo N 48. 05.54 05 10 05.5 14-. 08 xesHion it was estimated that npproxl-
8 Nat' 1 Prop , mately 1,000,000 bushels had been
4 -Us
1 Peo Pasatc
4 C3 53 03
a Phila Elec
1st 5s.... 80A
Total, IB0.O0O, compared wtth J77.O0O yea
a.iub r ,,. w.r
terday,
period
last week. 1103.400,
80 80
1170,230. Same
tnken. lluying in of futures. agalnBt
theso sales gavo the market a firm un
dertone toward the close.
It was tho general opinion around the
pit that the market was held in check
to some extent by the fact that cash
wheat was 1 to 2 cents lower, and
Sept
, uci. , .
I Nov, ,
, Deo. . .
Jan. ..
I I jb.
I March
April .
May . .
July . .
Aug. ..
llld.
Yes.
Open High Low Close closo
7.I)5S 7.88 7 88 7.U34J8 7.05
..8.io s.isftiR 8. in
s.nawnn ai
. . H. 411144 8.53 8.41 S.53Jf55 8,(10
,.8,55 8.87617.1 K.7H
8,8001)1 8.01)
. . 0.03907 0.10 0,03 0.1171(12 0,20
..0.15 0.18I&21 0.S1
, . 0.21 W25 0,92 6.20 0 snoilll 11,42
. O.S345 0.80 0.SO 0.403( 0.53
0.MW65 ,,,,
Receiver for Motorcar Company
New York, Hept. 1 The Owen Mag.
netlo Car Corporation, of Wllkos-Ilarrs,
manufacturers of Owen Magnolia Motor
Cars, has been placed In the hands of
receivers. Plant nnd equipment are
valued at $317,143. This does not In
clude the Interests of R. M. Owen and
ll..n.a mnniif, ,, , 1..m .
missions. Cash in bank Ih Hated nt lannn '
nnd accounts receivable nt the same
amount i.ianuiuos
000
locelvershlp petition was made with the
consent or wio company ana in
N. Y, Exchange Closed Saturday
New York, Sept. 1. The stock ex
change will be closed Saturday.
tcrests of all creditors
South Porto Rico Sugar Pays Extra
Nsw York, Bcpt 1. South Porto rtlco
Sugar has declared an extra dividend of
12 a. share on the common and the regu
lar nunrtorly dividend of 13 a ihare.
also the regular quarterly 12a share on
tho preferred, nil payable October 1 to
utnolc of record Hentcmher lr, Th nm
nro given us J300,- i mon dividends aro payable on the In
creased stock, including that recently
Issued an a. 100 per cent stock dividend
This apparently places the now stock on
u regular basis of 112 annually, equal
to 124 annually on the old stock.
wtth 1230,000 In notes payable. The
tho In
Japan Curtails Silk Output
New York, Sept. 1 Owing to the
decline In prices, Japanese silk manu
facturers have decided to curtail pro
duction until he em) of the year.
Reject Saturday Closing Petition
Chicago, Sept. 1. The directors of the
Board of Trade have rejected a petition
to close next Saturday. " ' :
U PnlladelDhla llmira. nra.
4 Philadelphia llourso com.!!
HOND3
$2000 Newark Tassenger Hallway B
per cent consolidated mort.
age. due 1080 Tilt
04000 Lehigh Valley CoalOco. r, per
snAAj,nl."rBJ. mortgage, due 1083 02;
100O Phllad phla l.'leotrlo Co. 4 per
cent nrst mortgage, due 1000 OB'i
STOCK ISSUE APPROVED
Philadelphia Electric Shareholders
Authorize $15,000,000 Increase
Philadelphia. Klectrlo Co. stockholders,
at the special meeting today, approved
tho proposed authorization or $15,000,000
8 per cent cumulative preferred stock,
Six million dollars of the new issue will
presently bo offered to stockholders for
subscription at par, $38. Tha preferred
will be convertible Into common at par,
and redeemable at $28. The offering will
be nn allotment of nbout 20 per cent
as there Is nearly $30,000,000 common
outstanding,
After the meeting directors mot and
authorized the 8 per cent preferred stock
allotment of 20 per cent, nt par, $2f
a share, to common stockholders of
record September 8, Payment may be
mada 50 per cent Septembor 34 and 50
per cent December 15, On tho first In
stalment 6 per cent Interest will be
allowed. If payment be made In full
September 24 Interest at the rate ot t
per cent per annum will be allowed for
the period enSIng December 18, 1920,
Richmond-Washington 4s
1943
Guaranteed by the Pennsylvania,'
11. Ss "O., Southern, Cites. & Ohio,
Atlantlo Coast line nnd Seaboard,
Air I.tno It, It. Companies, -
Circular on Application '
EDWARD V. KANE & CO.J
Morris Building
BATTLES 8c CO.
INVESTMENT BANKER9
Ebtablishid I08O
independence; oquare, east
West Penn Power Co.3
1st Mortgage 5s
Welsh BRoonHERS
0&8 CnKTrr(UT.snEatr
ttdladetsfcla) '
Iximbard 1S4S.
i
T
r,hit.'
K
f
fe.
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vn,.-vy.i4:.frift'.ft ftfV ... e-S