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' liT'J!."ii
f,n"i
Seaboard Air Line Railway Company
To the Holders of the $4,000,000
Six Per Cent Secured Gold Notes of the Seaboard Air lino Railway Company,
Dated September 16, 1917, duo September IB, 1920.
Thmurii the co-operation of Division Four (Finance Division) of the Interstate Commerce
rimmUilon under Section 210 pf the Transportation Act of 1920, the Seaboard Air Line Railway
SoSSmv is enabled to offer to each holder of a $1,000 note of the above issue, $730 in cash, the
fiance $250 to be extended to September IS. 1923, with interest at 7 per cent per annum, payable
..manually. Upon presentation at the Guaranty Trust Company of New York or The Con
tnVntfll Trust Company. Baltimore, the cash amount will bo paid on September 15th, and the
' tended notes delivered containing tht necessary coupons. The interest coupon due September
15th should be detached and collected in the usual manner.
The character of collateral to secure the extended amount la the same as now held by the
Trmtee of this note Issue (the First and Consolidated Series "A" 6 per cent bonds of the Seaboard
AirLine Railway Company) and will be held by the Trustee In tho same proportion or pro rata
amount as is held by the Secretary of the Treasury to secure the portion of the loan the Govern
ment haB made to the Railway Company to assist In meeting the aforesaid notes.
The above-mentioned loan from the Governrmnt matures In fifteen years, with the first payment
.uvrnlvears from the date thereof, and as' required by the Transportation Act the Interstat Com
mercerCommlsslon has Issued a certificate to the Secretary of the Treasury that the prospective
Smlne power of the Seaboard Air Line Railway Company, together with the character and value
of the security offered, furnish reasonable assurance of the ability of the Railway Company to repay
the Government loan at maturity.
The Loans made by the Commission to the Railway Company under Section 210 of the Trans
nortation Act bear interest at 6 per cent per annum with maturities 11-15 years from date and will
materially aid the Railway Company, for, In addition to assisting in meeting the aforesaid notes
as above 1 described, important additions and betterments and other needs of transportation are pro
vided for the Railway under the Transportation Act.
The Seaboard Air Line, together with the other railroads of the country, was controlled and
ooerated during the years 1918, 1919 and until March 1, 1920, by. the United States Railroad Ad
ministration. The guarantee as to compensation during that period was extended by Congress to
qStSnber 1 1920. The annual rental or compensation provfded by the Federal Control Act to be
naldbv the Government for the use of the Railway's property has met the fixed and other charges
if the Company, Including the Interest on Its adjustment bonds.
Under the Transportation Act rates are now required to be adjusted to yield, as near as may
he a return of IV per cent on the value of the property of the earners devoted to the nubile
ne In the aeKregate. in each of the four rate groups or districts established by the Comm Iss on,
i.l . h.if nf one ner cent for unproductive improvements at the option of the Commission.
The Seabod A?r IFn ""n the Southern Group. The value of the property of the railroads
t. c..fh.rn Oroitn in the aggregate, has been found by the Commission, for the purposes of
SsthproceUd5rT SS&S& cApf accounts of the railroads as of
December 31, 1919, composing this group being $2,183,923,124).
a 1.,,.,.,... in mts has recently been granted by the Interstate Commerce Commission under
Mrhnthe rlflroads wU nSw oplrate. While the increase granted the Southern District (25 per
Srt 1 apparently no proportionately as great as in the Eastern (50 per cent) and in the Western
nSner ffiSicts, the Commission was of the opinion that such Increase (25 percent) would,
(3jP -fuino ohValntne at that time, result n rates that will yield a return of 6 per cent on
UundV.? "n?3 narrate value of the property of the carriers In this group. Since tne operation
thrCbT; in mlf to rates Is more or less automatic, should the Increase named not yield the
the necessary adjustments to meet those requirements.
The cross revenue of the Seaboard Air Line Railway Company shows a steady annual Increase.
.".. fJrn T,mi-rv 1 1920. to June 30, 1920 (fbur months under, private operation), over
The increase from January 1, 19 J c ' t Adjusted t0 the new rates the gr0ss revenue
)he " ended PTun2 30 Swill equal $56,433,000. Under these conditions, with rates adjusted
!orJh. &?? .aerente oroperty vakie of the Southern Group to the return which Congress has pro
:VS CJLm hl&ttMtMrmi credit will be stabilized, the Seaboard Air Line Railway
Cony "uSdel- emcienrmaBnaement .hoift earn a reasonable and safe return upon its Individual
property value devoted to the purposes of transportation.
The Guaranty Trust Company of New York and The National City Company, New York,
have advi?ed us they will recommend to the holders of the notes the acceptance of the offer herein
-tm. nir.etnrs of the Railway Committee, in view of general conditions, arc gratified in being
u, Th .?2?Sl to the note holdersiSrough the co-operation of the Interstate Commerce Com-
2s.on rethemTccneptan 2 of hCh terms' named herein a'nd request note holders to present as
SptlV as possible their notes at either of the agencies of the Company herein named for pay-
ment and partial extension on September 15, 1920.
SEABOARD AIR LINE RAILWAY COMPANY,
&liA S. DAVIES WARFIELD, Chairman
GOSSIP OF
THE STREET
September 1, 1920.
of the Board of Directors.
Wo Offer, Subject to Prior Sale
Lehigh & New England R. R. Co.
General 5a, July, 1954
Exempt From Pennsylvania State and
Normal Federal Income Tax
rri.... inic nro n direct oblication of tho
New England R. R. Co.,
with practically every
Valley, Ccnttnl Railroad oi in cw jersey ,
Lehigh &
which rond has direct connection
nmir lino in tho eastern part ot
Pennsylvania, namely the rniiaae.pnm - T
Vallev. Ccnttnl itaiiroau oi iiuw "ow, " -4; e
& W Erie. N. Y. Central and tho New York, New Haven &
Hartfotd It is the only rond operating directly from the
anthracite coal field of Pennsylvania to New England.
The Lehigh Coal & Navigation Company own a large
majority of the capital stock of the Lehigh & New England
Railroad.
PRICE: 82 M and accrued interest,
yielding approximately 6. 25
(
Boenning, Garrison & Co.
Stock Exchange Building
Philadelphia
Members Philadelphia Stock Exohange
SontoA
KTadUdasi
stocks Reorganized RaiIs,Kail'
way Equipment Issues
Standard Oil Units
Da you know watt it behind their
mtrltetwiii aetlvltrT Unr iptc.s,
letter. "S. 0. R.." wUcn it 1 imull
thinj to aih far and a food thin I
to have, will tell 7011. Compli
mentary copy for tbe tilcinj.
Starkctable accuritrcs carrimi
upon cortMervatlve marginal
ftntT. Odd Lot$ a tptelalty
MlHteflBBfSCai
"5nrror to floMlifrr A It'm)
f rtillftiltlptiln Stk. Kuli.
Mrmbcn I Cnn.nl. Htk. T.. of N. Y.
1G22 Cheitnut Rtrset
rilon'i llrll. Sprarr nniT-1300
A number of the Hvenino Ukvotsr
readers have written asking for a moro
definite explanation of the expansion
of the "community of interest" as ap
plied In connection with a rcccnC article
on the railroad situation.
This exprcnlon Bprunj up about fif
teen years ago, as the outcome of tue
nfrnvta nl gilnli Innrllntr HtrVifo tn the rail-
road world as Ilarrlman, IIIll and Cas
satt, and others, to promote a closer
co-operation of the railroad interests ui
mo country, inc community " "
cation, or nmnleamatlon. of railroad
mnnncfomrnf. U'lHi th( rnnttnltflatlon 0
various lines or units Into one bystem.
bringing tho control of movement ot
some particular commodity under tne
complete domination of lines traversing
that particular territory. ThlB plan was
prompted not only for tho reason ot
economy of operation, but also to
broaden transportation facilities,
Whllo the scheme waR only partly
carried out by these powerful super
railroad Interests, tho foundation,
L-1..- ....... Int.1 r n Ulnaflf fllll
nnco of the various big systems. Tnero
Is Ifttlo doubt had not the plans been
handicapped by the Hepburn rate Dili
BTiu a multiplication ot nnu-iruni. ..
road legislation by tho various Btato leg
islatures which, in the Itooecvclt aa
ministration, became as prolific ns Ules
AM a mnlna... hnrrpl tlin rntmtrV WOllUl
,.... t.nA. nWAm tit tint mnrn tnan
ft.H trntiarnnttnontnl ltnpfl. Most Of
the work accomplished by the rallroail
giants wai upset nnu ucnteu uy m
anti-trust legislation.
Yet during the short government. con
trol, the wisdom of the Ideas, prompted
In the community of Interest of rail
rnml mniiniemeiit. was nuiekly foreseen
by the railroad administrator, nnd, ns
stated befoio In this column, much ot
tho Illegality nt railroad monni,'':""
has been legalized by the Escb-Cum-mlns
bill.
Rnlt fititliinlasin Snrcadlng
Attor vi'Hterilav's further successful
...,l.t.l.1l n 1i pnllrnnil Htneks It WOri
.1 i. .i.i ii.ni litHo rtuo nhould be
....Iron nf nhir thnn what BOinn OI
linH. piithnsinstlp about tho outlook.
called the prospects for a railroad boom.
Probably It Is only natural that the
railroad shares should be the most
favored, as the rails, it Is gencrnlly
conceded, have entered upon a new era
by reason of the rote Increase, and,
lIiiim flmv hnvn linen eplllnir fit the lOW-
est levels hi many years, It Is to be
expected a substantial recovery should
occur. One of the quantities In fig
uring the worth of specific railroad sc-
.iitina ia tim innk nt Hnin as la uiu-
plslv how tho net rote Increase will
effect the earning of any given road.
In view of this uncertainty, the view
of S. Davlrs "Wurlleld, head of the Na
tional Aasoclntlon of Owners of Rail
road Securities, on the Hubjcct is espe
cially Interesting.
In his capacity ns chnirman of the
Seaboard Air Line Railway, Mr. War
Hold says :
"Since the operation of the act In
rclntion to rates is more or less auto
matic, should the Increase named not
yield the expected return under the
requirements called for by tho act, the
commission will doubtless make tho
jieecssnry Adjustment to meet those re
quirements." Distribution Going On
It Is oftentimes refreshing and ilium-11101111-;
to hear what the other fellow
has to say. The growing bullish enthu
siasm In tho rails Is not by any menns
altogether a unanimous verdict. Quito
n few are disposed to look upon tho
iliMnnnstrntlnn vitli a rather skenticnl
view, and regard It as a flash In tho
pan. wliicn, However, may oe prompicu
because of the many false starts that
.. .. . .. .1 .. 1.. .... .!... .I.n anlln nntnMnil '
WfTC 1UUUU 111 tuning IliU IU11Q t'utiiw.tfe
1 upward.
One of the doubting Thomases Is J. A.
I'uyne, who occasionally sends over a
mlglity Interesting morKot letter to j.
Y. Snarks & Co. In commenting upon
I the present rull movo yesterday, tie
I said :
"I'vltlenoe accumulates that In spite
i of the splendid performance of the rails
in the midst of bullish sentiment somo
belling has been going on.
'Otherwise, it Is difficult to explain
wbv during n four-point advance in
Union Paclfla nnd three In St. "Louis
nnd SouthwwrJKCO.OOO shares ot Read
ing should haVo been turned over slnco
Monday within n range of 1, points.
Also tho best friends of tho rails must
admit that stocks do not go ono way
nil the time and as rails have been ad
vancing ten days out of tho Inst twelve
and ns today will mark the sixth suc
cessive day of advance, it Is the part of
caution to mane sure or pronm.
Accordingly, a check to their nd
vnncc at any time should occnslon
neither surprise nor lack of confidence
in their futuro. Indeed, It would bo n
normal development Intended to
strengthen foundation of the i rail pecu
lation. One may well decide that the
rails should be carried tnrougn nny re
notion that Is ahead of us becauso of the
certainty that they will cover all lost
ground later on, but our cxperlonce is
that those who refuse to take quick
profits becauso of their long range
bullishness ore the very ones who lose
confidence at tho bottom of n. reaction,
nnd sell out. Our thought la that It
would bo for better for them to st'.l on
strong days rather than wait for weak
ones."
Commodity Markets
."1
y
COTTON MARKET
w, Vnri Hnnt. .1. The cotton mar
ket displayed notable weakness tb s
morning In contrast to yesterday s
strength, nnd first prices were CO to 87
points net lower. Reasons for wc
opening setback were found chiefly In
cables which reported short time In
mills n possibility and BW,b1u',?5
power was lacking. 11") Sout1' n,p
Liverpool were the chief sellers at the
"u . .... ... ..,.
Covering orders rnuieu mc "
-i, . -. Li,.i. nftni- the onenlng, but
nround 10:15 o'clock the.
active and very unsetticu
to :tC points net decline.
Irv. cloio Orn
October ST.OO 30.BO
January 2. 'SS
Marcll 2J.BO 23.SO
M y 24.20 2S. 20
July .:::;:. .iiiiis.Bo 28.1s
market was
at about 30
Refined fcuaar at S'.Centa
Nw Vork, Sept J. Iri nhnounclng a'
prlco of 15 cents, less, 2 per Cent for
cash, lor refined sugar. Arbuckla Bros,
makes the statement that Its list prlco
remains unchanged at H cents, less i 2
per cent It wit! bo rocnlled that sov-
oral days asro the Arm nnocB'J
..ia ia maftt onv rftdiictlon made ty
rcomp.tltors.Ths American and ,he
;wrnBurr market is quiet. and about
unchanged as to prlco, althougn no
sales wero reported yesterday, lmpor
ta" Ions Included 10.000 bogs fcubos and
3087 bags Argentines to tho National
Co 'and 4500 bags San Domlngos to tho
LSto'ywtcrday, tho Federal Soger rte;
nnlnB Co. reduced us price oi "" '
""gar ono cent, to IB cents, less 2 per
cent for cash.
- railr6ad bar
CltBBArKAKB AKrJ'OWltt
inia In
July arona $1,300,337 IM
Net oseMtlns Ctnclt. 3BS,no
bhvrn monthr aroaa.. 4fl,l1B.p2l
Met optrat. incrtana. n,?00,tir.O
WESTEHN TACIFia
srona 1,4S4.43
Ti.1v
r;'. r.ir. .... '.no c.
isel opflrm. increana. in,noi
Bvn month"' aro.. B,110,O71
Nt orrat. Incroaie.. 1,901,803
uecreaac.
CAUTION NOTICEg
TO WHOM IT MAY CONCKRNl
are hereby cnutloned asalnat
,t.nr mnturlAl nr ntorn to tha
hww.. .,,1 m . nE.T.1 imnntf li nnw I. .a
In the Tort ot I'hlladelnhla, unlraa authorltad i
by th undoralimiHl, aa no bllla contraotail 1
Wlinouv our Hmiuiriiy win ini inmt
iao
smm& i) c i m
vm. , ' M
4,T03,H f.- 3
iMitWi'r tv -a
i' it' 'M
ls7.4' . ra
loT.ioi' v l-m
l.ftAO.BSH " , i.i
1.8II8.1M.V i.1 rJ
kll prtnortt IJ
supply n . . B)
Ilraall an I 'V
ty
without
Ilour
KUItNRflS, WITIIY & CO.,
UMg.. I'hlladalDhla. va.
DIVIDENDS DECLARED
Cltlaa Sorrlee Co.. monthly of i6."n,,,,
on Bankera- nnaree. pbbuio v' -
1B20. to atockholdera ot record Beptemoer
1Bhucey" Manufacturlns1 Corporation, ouar
t.rly of I1.2S on Cla-a "A" atoek. Mjy; abla
October 1 to holdara ot recoM fleptembar 2J.
American Woolen Co.. quarterly l4Per
cent on preferred and common, both i payaoia
October 15 to atock of rtcord Bertrmber 18.
Certatn-teed l'roducta Corporation, quar
terly of $1 on common and 1H P ".,"
flr.t and .econd ?r''re'l. all payoblj Octo
ber 1 to atock of record BeptemUer 17.
im.rR..n Window OIimi Mftehlna Co..
Quarterly of 3 per cent on common ana 1
SJr cent on preferred, both payable Octo
ber 1 to atock of record Beptembcr 10.
Liverpool Cotton
Liverpool. Sept 3. There was oniy
limited request for spot cotton today,
with prlcos easier on tho basis ot a
decline, of 14 points for middling, at
20 96d. Tho sales wero 4000 bales. Thero
were no receipts. Futures wero quiet
In the early dealings. Spot prices wero:
American, middling, fair, ?6-71d: good
middling. 23.0Cd: fully m ddllng, 22.4G.1 ;
middling 20. flfld: low middling, 17.16d :
irood ordinary, 13.7 Id, and ordinary.
12.7 Id.
$100,000,000 In Gold Coming
New York, Sept. 3. About $100,000.
000 In French sold will bo shipped to
this country during tho next few weeks,
It waa raid In official quarters last nlRiu.
Tho first shipment, mnountlng to $5,
100,000, Is now on the way nnd will
arrive nbout Septembpr 7. The next con
signment will len.v Havre, Franco, on
September 4, and will amount to about
J5, 000,000, Gold from both French 'nnd
British sources will nrrlve here at dlffer-f-nt
periods until about $100,000,000 has
itA. fnnnlverl In unrt tmvment of thri
Kranch sharo of the Anglo-French loan.
grain Market
Chicago, Sept. !.r-TJ,cre ,Vn" " KSl
eral nisli to buy wheat at tho opening
of tho grain market this morning and
December sold ot $2.40 to $2.41. a gan
of 1VA cents, and March at $2.87to
$2.38. an ndvance of one cent. Tlio
buying generally was In small lots, but
offerings were limited.
There was considerable discussion and
estimates as to foreign needs. One au
thority placed tho American surplus at
only 180,000.000 bushels anu uanauinn
nt 170.000.000 bushels.
After the enrly buying hnd been tnkon
core of. some pressure developed and
,Ka tnnrlrnf rnnntprl.
Corn btnrted Irregular, September at
Sl.nnit to S1.30. a loss of cent,
nnd December nt $1.18 to $1.10. tin
changed. Trading was light nnd mixed.
The principal feature of the. mnrket
wns the buying, of September again this
... I.. k,. lmiiiii fhnt wns nunnosed
to have covered a big short lino in thdt
month yesterday.
Cash corn was easy at tho start, but
It was apparont that many of tho most
hnportnnt operators were inclined to
hesitate because of the heavy covering
of shorts yesterday.
Leadlnc futures-ranged "tas followa:
10 30 a.m.
Corn (new delivery) Chlcaso Teat
Open Hlsh Low tlmo
Sert .... 1.38M i.4i l.astt i.mj
Dec . lilO 1.20 1.18H 1.1UH
S-m'.T. (I3'4 COH 0Si no
Uce .... 0a 07 00H 00
Bfp"'!T!lS.n2 18.72 1B.02 lfl.70 J8.02
Oct . . 18.83 18.B2 18.85 18.87 18.80
OctH.bV7 15.75 15.75 13 72 15.73 lS.lS
Hid.
i :.
K.r...aillllllllllllllHllllllllllHlllllllllllllllllllllHllllHW ;1
a.m. P-m. - :B! i , 'yU
20.ni 20.03 t a 3E . (vm
34.03 23.S0 Ml t i "gM
24 03 24.30 wa4lTS 3.1" AM
23.40 23.73 ; .f BSSlv X 31 ' ' M
1 S : m
m ll-RYl S t
llalaaiUaf las zZ I '',
S3 l
1 W ' !
"Reserves:
cloaa
1.89H
1.10
00
74
Kemtone. Rnra 750
Itroadtrar & 480 3th Ave,
HtamfOTd. Conn.
N. Y.
Preferred Stocks
issued by well-established Manufactur
ing Companies, offer to investors at
prevailing rates excellent investment
opportunities, especially where the pri
vilege is granted to purchase Common
shares with the Preferred. .
May we submit an offering which we
consider unusually attractive?
Ask for Folder P. P. L.-385
Hollister,White & Go.
isCOMPOKATCB,
What You Need. When You Build.
A sea-captain figured that his vessel
always made the ocean trip in six days;
so he took on just six days' supply of coal
and food and water, and was just ready
to start, when two strong officers came
with an ambulance and took him to the
' insane asylum.
A ship crossing the ocean has no
supply-stations a sane captain knows
that he must carry ample reserves; but a
builder who commands our great stocks of
lumber can safely order just enough for his
needs ; for he knows that reserves are at hand
for any emergency.
Our railway centre at Sumter, 5. C.
enables us to ship quickly more joists and
flooring and siding and shingles than you
bargained for, larger timbers and more of
them if needed; and in a pinch we can often
do more than we haye promised.
Some day you'll build. If you want the
work finished on time, see that the lumber
comes from LLOYD.
1 William ML Lloyd Company
THE LUMBER CENTR.E
300 Commercial Trust Building, Philadelphia
ESTABLISHED 1868
SOCTHF.KN OFrifJK CHAHLOTTE. N. O.
ti
i
STTHMS1IH' XOTICKB
STllAMSHir NOTICES
BOSTON
tPRINGPlELO
North American Building
PHILADELPHIA
rROVlDEKCE
riTTJriKLD
NEW YORK
fORTLAND
EtngftdAlSONAL HERCAifHLE MARINE COMPANY,
! mWE STAR LIRE
1'HOTOriAlS
IIOTOI'LVYK
Philadelphia Markets
i
riNAXC'lAli
ilIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHHIHIIIIIIIIIHIIIHIIimmH"ll",ll,l,lllg
Fifty High-Yield Railroad
Bonds
Three weeks ago wo prepared and advertised a list of E
Fiftv Railroad Bonds selected because they combined
sound investment, high yield and possibility of advance s
in price.
Present quotations show an average advance of about
2 points already on these bonds. They are still selling
from 10 to 40 points lower than their previous levels.
Copies of Thi List Sent Upon Request
West & Go. I
1417 CHESTNUT STREET
Membtrs
Km York Htock Eichnnf
rtUUrtelphla Stoik Exclmnr
Wb Alw.yi Hvb on Hindu Ll.t of Hlgh-Crade Bondi
Corriipondanc Invlttd
laiiiiiHiiiiiiiiiiiiiiiiiiiiiiiiinimiimiminiHiiinimiHUi i uiiniiiii t:-
HAI.K COAI. COMPANY
KINKING FUND NOTICE
l'ldollty Trut Co-npoiiy, aubitituted trui
ter urnlor morlsase of the Hnln Conl Com.
Hn.. A.tA ln.ll O 1 0 1 T Int.ll.. nPAnna.lj
' for the oale to the ild trutfi of nufltclent
I nt the Flrat Mortgage 0 Onlrt DonJt of th..
Hale Coal Company to exhauvt thr sum of
I 813.100.00; proposals to be addreMil to the
truiiee, hi iih onice. oa. it.'o .idi i. neiinui
etreet, Phllndctphta. to be openrd nnd rcI.mI
upon TurKday, Hentrmhrr 14th, 1M0. at 12
o'clock M. No offer exceedlnr 102 per cent
and accrued Interett will be accepted.
FIDELITY TIIUST COMr-ANY.
Subitltuted Truitee.
VM. P. CJEBT. President.
Philadelphia, September 2. iniO.
iiai.i;
CO,1
Corr
VI. COVIPANY
Pidrllty Trust Company announce that It
hue brm appointed Truatre under the Mort
Knito of the Hale Coal Compiiny datej April
a. IlMt. id ixnt. .ajuuii irum omptny.
nn
that It will trann.tct any and
n connection with Its mil
at Its offlcra. 82n-S31 I'h-stnut
leSl Chestnut Street, l'hlludel-
...Irn.il
all l)ulnei In connection with Its
TruMeernip
PHOTO PIAYS
THRU
w COMPANY r
,0FlMERICA
The following theatres obtain their pictures
through the STANLEY Company of Amer
ica, which is a guarantco of early showing
of tho finest productions. Ask for the
theatre in your locality obtaining pictures
through the Stanley Company of America.
rhtp
Hireet und
nhln. Pa.
I'lDUMTY TntTRT COMPANY. Trustee.
Wn, V neat. President
Philadelphia. Auni't 2T. lt2f.
DUIdemN
LI and rA
Open 8:30 A. M. Till Rlldnlglit
for Receiving Deposits and
Cashing Checks
frank'
UtMMMw rKJti:
7AS
.a?at
stCa
WrhkUaltWWMa
A Comparison of Listed
Rubber Stocks
la the title of our current circular.
Sent on request.
HENDERSON & LOEB
t Members New York and
Philadelphia Stock Exchangee
1410 Chestnut St.
AMERICAN CAR & FOUNDRY COMPANY
New York. Sept. 1, 11120.
rrtKrwinnn capital stock
DIVIDEND NO. SO
A dividend of One and three-quarter per
rent (! It on tho Preferred Stock nf nil
Inmpn'iv nan mis uty ieen oecareu. pa
bMd lVIiIrtJ". October 1, 1U20. to atockhoIdcM
of record at the close of kualneag Wednes
dav, September IB, 1P20.
Checka will b mailed by the Guaranty
Trust Company of New York,
II. C. WICK, Secretary.
H. B. ni:f.ANO. Treasurer
AMERICAN CAR & FOUNDRY COMPANY
New York. Sept I. 1020.
COMMON CAPITAL STOCK
DIVipEND NO. 72
A nuarterly dlvldond of Three per rent
(3) on the Common Stock of this Company
has thla dav been declnred. paiablo I'riiUr.
October 1. 1020. to stockholders of record at
the close of business Wednesday, September
in, n2n,
Chedis will be mailed by the Cuaranty
Trust Company ot !ew YorK,
b.
II. C. WICK. Secretiiry.
i)f;i..'
Yor
A NO.
Treasurer.
GEO. A. HUHN & SONS
. STOCKS AND nONDS
Members of the I'hlladtlphlo, New
xork and Chleacn rttork Kxrliamea
.. "fT ork Cnlton tixchanie
commlnion Orosri Uxecuted In
All the Prlnclnal Markets
UElUjyilBCMIlJnT HLUO.
lllH iVulmil. HI.
,NBV c-iui oirt-ycB
111 Ilroalway.Ti.w YiVl
lerk
Ooodjear Prr
ferrei1
Nlien.i
.-. ... . .
(). Kisenfohr Coinmon nnd
nxo Preferred
rrcirrreu
M'aiiVrl llox 7s. 1P?S
w nfc.
... ."..l -., -fc tu mm min
tv.tulnn. rrilur raiia a. roitu, u.. ....
.!. fll . fl.
Henbonrd Air I.lne (la
L. Sa, 1010
'",
rio
Morton Loch5nl)ruch & Co.
I.ANP Trrr.H mw. ""
i-i fl.rura 8S1. Ilaoa BOM
.. , -r.v rmleaao ueirou iunii
" w," ......... 11 umiuntj .itlrmm
OSUts fiittrcoanrcnu v " --
continent. i-r.fn'iT.w.v: title a
TIU'ST COMPANY
Twelfth nliore Chestnut
Philadelphia. Pa.
Septemtwr 2. 1020.
At a meetlnir of tho Iloanl of Directors
held September 2. 1020. a. quarterly dlvldond
of 87. (tl no per share) was declared, pio
ablB September 2. lDM. to stockholders of
re(ord September l", l"20- Blvldoiid checks
will bo mailed.
JOHN V. LOUOIINEY. Treasurer.
rronosala
WHEAT Receipts. 111,020 bushels. Nom
inally firm. Cnr lots, new. In txport ele
vator No 2 red winter. $2.7r,ft- SO; No 2
red winter, aarllcky. t'J.OSfl".' "0. Othor
prudes quoted nt the following- schedule of
dlxiounts xed wheat .io under red win
ter No. 3 wheat. 8c under No. 2; No. 4
when. 7c under No. 2. No. fl wheat, lie
under No. 2. Sample according tu quality.
COHN Iteeelpts 2C38 bushelB. Steady
but quiet We quote, ns to quality and lo
cution, ll.0bifl.73, tho latter for No. 1
1 OATS Receipts, 13,119 bushels. Dull
and lc lower. Car lols ns to loeitjon
No 2 white. 7DS0c; No. 3 white. 78W70C.
l't nun Itecelnts. 1 .170.0110 nounds In
sacks Qilet but llrm. Quotations. 100
lbs packed In 140-lb. Jute sacks Soft win
ter strnlcht, western, $11.2.1i 11 r,0. do do,
ne,rbv $10.7.1011.50: hard winter Btralnht.
Jl'.M 12 30; do, short patent, I12.2."(213;
sprt"t first, clear. $10.10511: do. nat.nt,
J1253 12 TS: do, short patent. 12 7.Uil3 2.'.;
fnncy hprlnit and city mills patent, family
I. i"'u. IUO14.00. Hye flour, $10.:.0
PUOVIBION8 Steadily held lleef. In
.., ,m .U..A nnd air rirlt.il. nRc. do. knuckles
and tenders, smoked and alr-drlM, rdc;
poik fninlly, HI: hams H. P cuk-iL loose
RS f ,1814 c, do aklnnd, looso. 41W41Vjc;
do'iln sm-il'-rt. 43df43ic: dn. boiled, bone
less Oli.1 D'rnle shoulder.. S. P cured loose.
24c, do. smoked. 2.1c; bellies. In plrlde. loose,
"fie hrrnkfaet hnenn. 31c. lard, 21c.
ll'TTHll Klrm nnd 'jlfflc hlcher Quo.
tatlons Polld-pncked creimery, fnncy. hlKh
reining fresh vomls, tflf'lr' ejtras SSc, ex
tra Orsts, .17c: firsts. 43ti'33c: seconds, -in IT
ri. iveet crenmorv. cooler to funrv, i(f
U2" fair to pood. 40it.10c, pitnts Jobblea at
n" fl 0!)c for fancy nnd r..Vu ll.'r tot fair ro
ih' b e
nOUS I'lne eccs firm Th" quotations
were a. fc-Uows: In free cass nearby
firsts, (I75f50o per dozen, ntu'by current
receuts. BOc ne.nby ordinary to fnlr, .1018"
r4c; western extra firsts, n7lP10c. western
firsis. BOWriOo seconds, 45S,1i)o. Inferior
lot. lower:, fancy candled Jobbing- at
USttOHc. fair to choice, 00007c
CIH:i:HI' rirmlv hld at the foIlovTlni
quotations' New York. vhol--m'lk flais.
current make fancy. 28'4JT2fic: do, common
to fair. afifrSNc. do. Lonahorns 28W20c,
do. Hlnisle Daisies 28(gi20c, Jobbing sales of
fancv coeds SOfi.'llc.
LIVU POL'LTIIY Fowls not Leshorns.
via express Taney, vveluhlna- Ti lbs and over
apl-co. 3SW40c: lljrht tn medium 34W30o,
wnlte Leghorn fowls, 30J32c, fowls, heavy,
not Leghorns via freight In carlnnd lots. 3
3 30 spring chlckfcns. fancy ollow skin,
not Leghorns, weighing ;ii 3 lbs. apiece.
8BW4PC broiling chickens, fancy, yellow
Kin, not l.eunuiiiD wi'lgimiK ltU'L' ius,
apiece, 8l3ilci broiling chickens, fancy,
rellovr skl.i not Ighnins, weighing lflltl
lbs nplece. 32tT33" vvhll" Leghorn broilers,
X0U32c. old rnoftora, 232lc ducks, old,
80c, do spring, 30 O 33c pigeons, per pair,
2BW 30c.
DRKSSHD POULTRY Fowls fresh-killed
dry-pli ked In boxes, weighing 4H ,1 lbs.
and over apiece, 48c weighing 4 lbs , 420!
weighing 3Ht lbs.. 39lif40e; weighing 3 lbs.,
5.1tT37c, fowls frcsh.kllled In Ibis, dry
Picked w. Ighlng 4tS lbs. apiece. 12a;
welihlng 3'4 'S . 3SW.10P- weighing 3 lbs .
33fl"!lc broileiH. wi stern, dry-picked
weighing; Vi f- lbs. apbre, 4IO40c. do
w..inMi smaller sires 12(iT43c. frve'S.
western. w luhlng 2 . S 3 lbs apiece .103
broilers nearuy vvigmnvf ivj vv - ins.
A 1 C ;l..: Ilroal & Locust
Academy or Music !30. 7 1 o
"IIUMOIltlSQUr." ADAITKD FnO.M
FANN1., liU'HT'3 lAMUUrt S'lOKY
Alhambra
12ih, Morris & Pnsryunk Ae.
Mat Dully at 2; Evgs., 0:ir. i II
the coun.vnis of
MA1U1L' O'DOONE"
A I I CPUCMV Frnnkford & Allegheny
ALLC.V.inc,lN I M,lt, Dally 2:15. nvus. at 8.
i oi is sro.vn in
Tin": itivKivs r.ND"
A DHI I r 6-D 4 THOMPPON STB.
AriUL.LA-' MATIN1SB DAILY
LOUISE OLAUM In
"SKX"
ADPAniA CHESTNUT Below 16TH
AKv-rAlJlA to A M. to litis P. M.
m-ui::l norm and in
THi: SLIM PI11NCES3"
BALTIMORE
01st A 11ALTIMOHE
Uvgs 0'30. Mat. Sat.
'FItlVOt.ora WIVES"
MODEL
425 bOUTII rST. Orchestra.
Contlnuoua 1 to 11.
JULIAN ELTINOU
Till. ADVKNrUIlKsa"
K. V. Cherbonrir Pontliampton
V.w 1W Rent. 18'Oct. 18lNfV.
fct lal Sent. 2.1 Oct. 23 Not. 20
l'lillmlclplila Oct. 2'Oct. 30Nov.27
Ni'.w roRK iiAMiivno ;
Ifsnrharla Sept. llJOct. SSlIleo. 4
Slongntln Hept. 2SNot. 0Dr. IS
IMIILADULrillA LIVKIU'OOI.
lViithena .Sept. 21
A Hteumer About Oct. 10
Hinrrfonl Oct. 22
PHILADELPHIA OI.ASOOW
Vletiirloiis Sept. 11
Knslern Sen Sept. SO
PHILADELPHIA nAMHURO
IVestern Stnr Hept. IS
Irlsliniun Sept. 25
RED STAR UttE
S, Y. eJOCTIIAMPTON ANTVVKHP
Kroflnlnnd Sept. IBlOcf. 23 Nor. 27
I nplniid . .. Sept. 2.1 Oct. 30ll)cc,
I'liiliinil . ... Oct. 2 Nov. filee,
Zeelund Oct. U'Skv, 1,1 Dec
rilll.ADKLl'UIA ANTWi:itl
Onklnml Sept
West Tsrooli Sept.
West Clierow .... Ort.
N. Y. CherbonrsT Rontliamptoa
13 Adrlatlo Sept. IS Oct. 20 Nor. IT
Ulymplo ept. ibuci. uiut.
STJW TOKK T.1VETCPOOI.
Mobile Hept. 28
Celtic Oct. 2Not. fl!Dec,J
Ilnltlc Oct. 9'Nov. 20Dee. 24
l'ttrnierly CleTelnnd.
NTW YORK AZOItnS
GinUALTAR NATLKS OBSOA
rretlc Sept. If
ATLANTIC TRANSPORT LINE
rilir.ADKI.rHIA LONDON
Western Stur Sept. IB
MRhnpnc P'p! 11
Mackinaw Sept.
TtOtXAVn-AMKItlCA TINE
rHlT.ADEI.nil A TtOTTERDAM
Heotiel.dTk Pept. It
a I sloterdjk Sept.
" WHITE STAR DOMINION
,o i MONTKEAI OV1-.HEC T.IVEltrOOti
in' Iecntlo Sept. 18jOct. 16Not. 1
0 ' ennndn . .. .Sept.:
4
OVERBROOK .Tvkrd av&
BLtlSi; HAMMERSTKIN In
"SHADOWS OF RnSALIB HYRNnS"
PAI APP ,2U MARKET STREET
r-Mr-.Ci io A. M. to 11:13 P.
NORM TA1 M.winr:
TUS OR NO?'
In
PRINCESS
1018 MARKET BTHEET
B 30 A. M. to 11 :1S P. U.
i: K LINCOLN In
AI.MIOHTY DOLLAR"
REGENT MAn0c.v9Tv-,B1V! iT
TAYLOR I'OLMRS In ' '
thi: vriiy idea- i
RIiM TO GEltMANTOWN AVE.
IXlrtL. 1 VJ AT TC'.PEHOCKEN ST
SPF'IAI. CAT In
EVFN AS lM:"
BLUEBIRD
IIROAD STREET AND
8CFQCEHANNA AVE.
Rnv f-TEWART In
THH S-MlEnRUMIER"
Broad ft Snyder Ats
2. 0 -411 A OP. M.
WII.I 'AM l'ARVt'M In
THE ORPHAN"
BROADWAY
RUBY
MAIIKI'
T ST REIXJW 7TI1
IO M tn tl -IS M
DESStE P iRniJr-r.n In
'LIFE S TWIST"
SAVOY
r A DlTTl 122 MARKET STREET
CArl 1 VJLj 10 A M. to 11:1S P. M.
MATT MOORE In
"DON'T EVER MARRY"
-.-vi rvMI Al Otn. ft MaplewooJ Aves.
CULWlNlAU ro. 7 and 9 V M.
TMOVAS MEIIHVN In
"THE PRTN'CB CHAP"
MAIN ST., MANAYUNK
MATINEE DAILY
1211 MVHKE- STREET
ir TO M'lnvimiT
.t VH Vl'ID In
I YVTHt r Tit,-. VINI'TF"
Pauenier Office. 13)9 Walnut SL. PliiU. ' Fribt Office, 405-414 Boone BldjPKU.
iClLjsv, Passenger Service
(1-- I N. Y. to Rio de Janeiro, Montevideo, Bneno Ajtm
! Tl JlSL """ v vH ! K. S. HURON. 17 000 tons (c) Sept. IS
WfflBlfcSSSjJJfcLlf'Wu (c) First. Second and Third Class. y5jnts.
URrttlfJHVIiHRSISKMlN'A. For rates ai'U paritruiarj uvvv 'oXicia.
SvpMlSjnBrffliS i0 anv 1'as":nier Agency "" gy"gg
i HgRflQS Munson Steamship Line liSPll
a'lliiar ir 82-92 Heaver Street, New York lri
v itr ry. . rirT1 Rutldint?. HhiladelDhil &b
418 Olite ilreet, it. l.ouu mount. Ala.
SHERWOOD
cihr'
HOMTR C
r.4TH AND
T1M.TIMORH
. - v ,n
IM'V Ht'ME"
STANLEY
SlfAT.Tfn
celved by
office nf
th
adelphla. i'u.uun,inVn
Hrptrrnber ltflh. 1020
Shflier ""llifnf-, WJV
Puilna; and Klejrlc IJ
PROPOSALS WILL TIE RE-
, ilureou ot Recreation at the
is llureau. B87 City Hall. Phil.
is o ciock nuiMt rriuuyi
EMPRESS
AICE IlllDY In
"SINNER '
FAIRMOUNT "-WsVrAiV?
EDITH STOIIPT In
"MOON MADNl'.yS"
THEATRE 1311 Market et.
II A. M tn MldnUbt
nrrnT l.YTELL In
ALIAS JIMMY VALENTINE"
FAMILY
eepil CT THEATRU Dslow Sprues
DO lri 31. MATINEE DAILY
MARY MILES' M'NTER In
"PEOOY REREI.S"
itv
n 4 1t4SC.
sires 13i'4.V old roosters dry-picked.
ot
Front am
Plans
proposal can
for tho srectl
Plniublne. Curblnc.
inline, on l'lsygrounj.
d Allen streets. Philsdali
and specifications and
M. Vu. nhtalned UDOn
t the omco or uijy vrciiiivv.
dslohla.
irorm of
application
o.-a city
Hall. Philadelphia. l"a.
actual business n the.lfeneral branches
SCIUBI "!- .,. anHHrlnflnnn will nn.
enuonoo in "' "'.-" "
antertaincu u ..,-.. . -.
R!
....
No bids will oo consionrru unless accom
ranted by cartinoiito irom me. uity mo
Tlcltor In compliance with the Ordinance
innroveo May 20. 1800. renu r inn a pro-
poshI bond In nil wnera tne amount
,ThC"lo0a re.trv,. th, right to accent
or reject ay or filf bids or parts of bids
as may be dstmed beat for tho Interest ot
the Cltf. r.iriirnr.TM !
W. p. CIIAHPLIN, Secretary,
broilers ntarby. smaller
weftern 2Mc do, souinern, iiiirfioi sprim
ducl iL I one
PR1H P'll 'T Apples, Jersey, ner has.
hat No 1. 0"c It J l NO. 2. 33W0V Oranues.
p.r box. $130 if 0 23 Peaches, Jersey per
backet BOc n II 7S Watermelons, near-hv.
per loA, Iin9.1l). do southern, per car. fr,nj
22,1, Cantaloupes Jersey, per basket, 10O
VEOETARLES White Potatoes, southern,
rr W No. 1, I? .10 2fl; No 2 II 2s
white potatoes. Jersey, per S -hushel basket
No 1. 7Rnc: No 5. UnJfSOo Sweet po
tatoes, southern, per barrel No. 1. 17 0
7 Mil No. 2. 14 sweet potatoes, ejrsev per
..buhel basket No. 1, II 4001110: No 2,
7flell Cabbnre. Jersey Per basket S0(fJ
nninna. Jersey per hssket WlO70n.
rucimbers. per bushel II 0g2 2,1 Wiuash,
Jersey, per laskot. iBWSJe. Tomatoes. eJr.
sy. per bosliet, 2BW7SC Htrlnir beans, per
hssket HVIl Lima peons, pr nasks
SI.SBOITH, Corn, jersey, per Dasaet. .;
7Be Ifcete, near-by per 100 bunches, I
t.BI.
FRANKFORD
4713 lTlANKKORD
AVENUE
MA'IWKT AROi'E 10TH
1 I M in 11 'IS P it
VN"T dTI'WMlIT n
'THE YEI LfiW TYPHOON"
VICTORIA
.mvrkpt AnnvE urn
7 o ii'ia i" u
s
Ksyiir Bldf.. Ballinore
T(T "IV
the Trnr.or
fhc NIXON-NIRDLINGER
THEATRES
W
BELMONT Mu AUnu "
HE MIt.I E'S
"Oi u w ivr-s ri n nr
CEDAR "UT" AND C1:L,A" AVE.NUH
RORERT WARWIl-K In
"FOCRTEKNTH MAN"
COI ISFUM MAKKT METWEE1S
V-VlIOIi-lVl Wn! a,.nd U0T1,
MscI.EAN nnd MAY In
"LET'S J1E FASIIin.VMM.B"
, s H VRT in
"SVND"
Tl l!rf" PltiJS'T ST C, nlliAiirt
JVJlllUVJ Jumho Junction on Prunktord
Great Northern
Rroad St. at Erie
2. 7 'ld Bern.
MAY Al '.ISON In
THE CIIBAIKIC'
00TH
Mil'
ft WALNUT HTB.
OH y V (., 7 A 9
IMPFRIAL
KATHERINE MacDONALD In
"THE Tl'RNIXO POINT"
, r- a T-r'D 413T ft LANCASTER AVE.
LEADEK MATINKK DAILV
PHIRLEY MASON In
"TREASURE I3LAND"
inCDTV llroad ft Columbia
LIBLK 1 I VUtmee Dally
FLORENCE VIDOR In
"THE FAMILY HONOR"
Ave.
ALL STAR CKT
"I'llP'OUlVH WIVKf"
AVIC
L"
LOCUST
r2D
Matx
ROY STEWRT In
RIDERS OF THE DAWN
AND LOCUST HTHEHTTS
1 30. 3 SO Evs-s. 0:30 tn 11
NIXON B2D AND MAnK1!8.l,T
HERIIERT nwvi.I.S'SON in
l III'.- fMrtlH"
and
RIVOI I 62D AND SANKOM ST8
rlVV-L,l MVT1NBB DA
OEOItflFq TARPENTIER In
"illl'i VVVI.-.It' H .VIA"
DAILY
PHILADELPHIA
to
Scandinavian Ports
Christiania,
Gothenburg,
Copenhagen
Regular Service
U. 8. Slilniilnc Doirtl Htrel Sieemers
S. S. "LAKE ELLSBURY" Sept. 10
(From Pie, 78, South Wharves)
The Chiirie"5T7Megce Co.
Agents for U. S. Shipping Board
Drexel Building
PHILADELPHIA
BellLombard 5100
EARN-LINE
Inrorpnruted 1801
U. S. Shipping Board Steel Steamer
General Cargo
Regu'ar Service
Philadelphia Manchester
SS "Des Moines Bridge". . .Sailed
S S "Lake Foxboro" Sept. 11
Philadelphia Havana
A Steamer Septi
For rates and particulars .apply lb
Earn-Line Steamship Co.
139 South Fourth St.
PHILADELPHIA, PA.
STRAND
OKRMANTOWN AYR.
AT VENANQO HT
Tl ll'ntrlllTiii
11 ii nuin i r
EYES OP THE WORLD"
333 MARKET TS7. SISVSIS
MARY MILK MTNTKR In
"JENNY PE OOOD"
Osmplsta chart showing programs fqr the w appears 8atur.da
WEST ALLEGHENY x?.5,
pptBPIi t.A TIPvN in
'THH VIRO.IN op aTAJrooirL"
svenlnit aavl bunJajr.
ipUMMINQ
- LINE
U. S. SMppinf Board Sletl Stumers
Regular Service
PHILADELPHIA to
Rotterdam & Antwerp
SS "Arizpa" Loading
SS "Lnke Harminia".. .Sept 10
(From Plor 34, South Wharv.i)
For information npplj
A. D. Cummins & Co., Inc.
H. P. DILKES, Manager
139 South 4th St., Phila.
lLomr.ar.1 41IT-41ZB-MaT Main 1MB
T
Atlantic-Gulf and
Pacific Lines
PHILADELPHIA TO
LOS ANGELES (Harbor)
SAN FRANCISCO
. 8. WT.ST Al' It'll
CIIAH. KI'IIZ CO.
Dreifl Iliac.
IxmburJ Slot
nbout HKI'T. 7
AienU
i uu.. inc. .taei
rhlliidtlphlu. I'a
Mala ISS
GRACE LINF
UPEHU CHILE JUf
PERU CHILE
Direct rastecser service fiom New Yolk
la I'anama Canal. isllliiK at Callao.
Arlca. Iqulque, Antoiagasta as Valraralso.
bs rlanta Bllsa. U.. Hantu Lufsa. 8a.
p.nta Ana. Us. Bantu Trsa. irortuUUUf
fcallix.
W, R. ORACK CO,, Aaents J
Hanovsr Bquare. N. T.. or Local AsaL
J
!
A'
,
f,
t
u
,
II
V1
flsa
n
-H
f.
."3
1,1
j l
Sit
fj
V.
'i.
Wi
. ?
?i.
1
4"f
nW
iH,v & vis-v "t"ii!
is'xrrt1! .U vt.iv, s
iivV.
?