."..O.t x - &W V 1 , 1 "tf'J A 4 y . . . . I jT ., sn. .1 J I : M I-l HM flc 8 w :i ;J J LV ,VS K. ! ! I u .J ' $ J ' 3 -, I' ,-t o'j tn . IV I" l. w I?-" f-Jl 8. t It i mm itffi m mm Jft'iJEt&JSTij . V I liTO.-' rf i'r V ii 'v 1 A- ," 4V ,r" ,jW. -..,. ' ,...., ,Y fV " ..'... -V ? , ' jl . .- ".'!? tf.ov' x.4 'ZiiM.4; rmk rr-iM " r ! i mi i ii iiimiiiii !! -' rr iipmi EVENING PtJBBIO :IM)GBR-PHIllADBljPHlA, TtTEeDAX SEPTEMBER 7, A Cotnpfefe INVESTMENT SERVICE Specialists in OHIO MOTOR A19D RUBBER STOCKS ACCEPTANCES BONDS STOCKS FORWARD SWING 1 NEW YORK stock exchange transactions ffl' Hlh CORPORATION FINANCING Members of New York Stock Exchnnifo OTIS & CO. Investment Bankers CLEVELAND Boston Detroit Cincinnati ,'Cplumbus Akron Youngstown .Denver Colorado Springs Toledo WELL SUSTAINED Oil, Stools and Equlpmont Shares Wero the Principal Attractions is the cumulative dividend rate of the preferred stock of a company which is one of the leaders in a profitable in dustrial field, is the rate now being paid due to a p a r t i c i p ating feature. is the possible rate allowed by this feature. Cash dividends paid on common stock first six .months of 1920 at rate of 18. Circular 7337 on request Bonbright & Company 437 Chestnut Street Philadelphia New York Bolton Chicago nttri.lt Qj-dgfa" fjuund,. Ht J 1 U O.ffi . Oj XxMiAh, fl Q. 7.. OtyuL W CMbjUuib.' FRAZffiRvCo BROAD AND SANSOM ST8. PHILADELPHIA 19 SOUTH ST., DALTIMORE 65 BROADWAY, NEW YORK New York. 8pt. 7. As devclopmenta over the triple holidny ran largely in favor of tie constructive side the for ward swins was easily continued in to day's stock market. There were no sen vntional outbursts of speculative enthu siasm, but there was an ordorly ad vance in prices in most all parts of the list, with especial strength shown by the steel and equipments shares and the oil issues as well. The railroads con tinued to be in favor, but with few exceptions failed to get much abovo last week's high ground. One ol the more noticeable develop ments Attending the day's operations was the constant shifting of interest among the various groups, which was onen to one or two Interpretations either it represented a further Broaden- I ing of mnrkct activities or else efforts to ' distribute in one group of stocks under I the cover of the strength of others. I Completion of arrangements for pay I ment of the Anglo-French loan exerted no visible inilucncc on the market direct, although from sentimental viewpoint it undoubtedly bad a good effect. While subscriptions for the new French loan ! will not he opened until Tuesday, it was ' predicted the issue would be largely oversubscribed, as the preliminary kuu I seriptlons were already far lu excess of , the proposed issue. i Tin chemical shares had the first call ' at the outset of the trading, which wns in response to the merger announced i after the closing on Friday. Barrett Co. made an initial rise of Wj points and .National Aniline rose 0, but Ucn crHl Chemical, which figured promi nently in the new Consolidation, lost 8 points. Thig would indicate this com pany will hardly go Into the merger on the basis as forecasted last week. Trading broadened and became more active soon after the opening, oils, es pecially the Mexican group, assuming leadership. Houston and Sinclair Oils also were strong, and steels were mainly represented by Bethlehem, which rose U points on reports of excellent earn ings for the current quarter. Unitod States Steel crossed 00. Coalers were featured by Pittsburgh and West Vir ginia, in which buying was reported by interests identified with the company. Halls and equipments, also motors and their specialties, were included among the more active and stronger stocks at midday. There was consld eiablo profit-taking in oils and special ties at moderate reactions, but elsewhere gains of the morning were extended. DEALINGS BROADER IN LOCAL SHARES VOLUME OF TRADE Dlv, Balsa in t 300 .. 200 200 100 100 400 200 200 100 1000 400 3100 300 3400 400 500 1800 100 200 200 3000 100 800 4100 300 100 200 3200 1100 100 200 1M 300 700 III(h m!liraCOTrai:i'CTIii:3ffi2lJ!15ElllEllI?jMLT13fvi ESTABLISHED 1865 BIOREN & CO. BANKERS 4IOChestnut St., Philadelphia Government, Municipal, Railroad and Corporation Securities Vtmbrri ltw Vwfc and PMladetpMa Sleek Brchanges wmmmhimmmaMimmsMnMi, Rails Continued the Outstand ing Features of Strength. Prices Generally Higher We Offer Subject to Prior Sale Pittsburgh & Shawmut Railroad Co. First Sinking Fund 5s, Due December, 1939 TnT Vr In TVnnq. at 55 nnd Accrued Interest, Yielding About 9 iBoenning, Garrison & Co. " Stock Exchange Building Philadelphia Utmhtra Philadelphia Stock fiehanot While the volume of buslne.sst was not large, dealings in the local market dis played a broadening tendency. The tone of the market was decidedly strong and in most cases higher prices were registered. The railroads rcmalued the outstanding features of strength, with Pennsylvania Railroad making a new top for tho movement at 43. Lehigh Vallev advanced over a point to -lO. the high price of the year, on the settle ment of differences with the miners. The same influence raUcd Lehigh Navi gation to oJ. In the mieelIaneous list, Elertric j Storage itattery hem the foremost posi tion, making n further advance to 1''0. Substantial fractional gains were mndi at the same time by American Stores, American CJas, Insurance Co. of North America, Philadelphia Insulated iro and Philadelphia Electric. Trading was very light In Philadel phia Transit, while the exchange of one block of 1830 of Union Traction at 244 was generally believed to represent the establishment of losses for income tax returns. Philadelphia Traction was unchanged at par. United Oca Improvement was lirm at -H)11. Small sales of Lake Superior were made at 1- and Pennb.vlvnnin Salt heemed to have found a solid bottom at 0.1. It was. apparent throughout the ses sion that trading was still greatly han dicapped by reason of the stringent money market conditions. Majority of the local broken do not look for any material casing of money conditions much before November. The current easement, they nssert, is more super ficial than real. Philadelphia StocJts LjOW 1.) Vh 00 Vi 1:30 p. m ifi'i 00. i.r Net chue. 32 32 lis 24V. 24-- !i 12H lVl--l i,6 lOM 101j 21 S L'S 11 12 r,u 48M 12 Vi 05 51Mi oo no 21-- H 28 0 .. 12 .. 50 . . 40 1 IS 03 .. LI AND OI Open 8:30 A. M. Till Midnight for Receiving Deposits and Cashing Checks FrarjMrferVustCa teMMU JSVI WVMtSMttteMM Sk. Hljh 45 Am Strs.. 4o 8 do pref. 00 40 Am Gas. 32 lOOfColOraph 24 "s JtiO KlecStor.ll ouuTine .... lovi 20tGen Mot. 21 25 I Co X A 2S 100 Key Tele 0 120 Lake Sup 12 71 Leh Nav. 50 277 Leh Val.. 40 788 Pa U It.. Vi 0 Pa Salt.. 05 8 Phlla Ins Wire... 51 323 PhtlaElec 22 50 Phlla It T 14 25 I'hllaTrac 50 25tlteadlng. 03 1830 Vn Trae. 24 330 I'd I . . . 40 0 Unl Cos N ,T ...100 105 105 1 25tUS Steel 00 00 00 1 tNet clinn" mada by eomparlion with tut ale on Now York fitock Exchanh'e. Snle In IIONDH 1 :30 Nut Jioon HlKh Ixiw p m. che. 10 City 4s 1040 87 87 S7 . . 5 Leh Val 0s. 00 00i 00 23 1-10 Lib Bond 2d 4V4s... 85.12 R5.08 85.12 .10 0 2-5 4th 41AH 85.30 85.30 85.30 .14 1 3-10 Vic 4s 05.54 05.54 05.51.02 :sat'i rrop 51 22 14.. 50 .. O35; 03 24 24.. 401', .lOVi New York Central 7 Secured Notes Duo 1030 at Market EDWARD L0WBER STOKES . 20 South 15th Street Locuat 3M. 4-0s .... 3 3 1 Penna It II temp ctfs.103 103 3-5 Phlla Elec 1st 5s.... 85 85 2 United Itwy Invest 5s.. CO 00 103 GO 0 2HANDLEIU GbMPANY M(MMA1t Franklin Bank Bldg. PUlad.Iphia t. . Wwwrw AS-. ''.." r . ' T" Mil WWff DMtoa Liverpool Cotton IJverpool, Hept. 7. There was a mod erate Inquiry for spot cotton today, with prices steady on the basis of an ad vance over Friday's price of 47 points for middling at 21.43d Tho sales were S000 bales. The recelpta were 2000 bales. Including 1000 bales American. Futures were quiet In the early deal ings. Spot prices were: American, mlddllni? fair, 27 18d; good middling 34.43d; fully middling, 22,93d; middling, 2t.48d; low middling. 17.03d; good ordi nary, 14.18d. and ordinary, 13.18d. CHICAGO BUTTER AND EGOS Chleaco, Bfjt. 7. nUTTEn Unchanged, Creamery. 430000. KOOB Onc&anjryd. IWcalpts, 7T3 raaea, Standard. UOStHei flrata..--Sift OBJ&et ordinary flnita. 44lSo; at rafcrk. cae In- ,UMV faUWQt.iWX Adams Express . .... 36 tt .. Advance Itumely .... 31 14 5 AJax Rubber 48 7 Allls-Chalmers pf W .. Alaska Oold Mines .. 1H .. Alaska Juneau O M.. 1 8 Am Agria Chem 81 8 Am Agrlo Chem pf... 8711 8 Am Beet Sugar 70K 4 Am B Shoo & V new 43H . . Am Can JO'i It Am Car & Fdy 130 ft a Am Internat Corp.... 73H 3 Am Llnseod (50 H 0 Am Locomotive 004 .. Am Safety Itazor...... 13H .. Am Ship & Com 20lt 4 Am Smelt & Rtt SIJ 3 Am Steel Foundries.. 37 7 Am Sugar lief 110H 10 Am Sumatra Tob 80J4 8 Am Tel A Tel Sj 20 Am Tobacco 122 20 Am Tobacco B 110V& 7 Am Woolen 83H . . Am Writing Paper pf . 54J4 . . Am Zlna Lead & Smlt 1.154. 0 Am Zlno Lend & S pf 44 4 Anaconda Copper iSU 6 Atch Top & Santa Fo 82 0 Atch Top & 8 F pf. . 70S, . . Atlanta Blr & Atlantic 7 7 Atlantic Coast Lino.. 03 .. Atlantic Fruit 18JJ 10 Atl nulf A W I H n..1M 200 3.80 Baldwin Locomotive. .111 V 7 ualdwin Loco pf 08 .. Baltimore & Ohio..., 41 4 Baltimore & Ohio pf. . 53)4 .. Uamsdalo Class B. ... 38 8 Barrett 143 7 Barrett pf 100J4 .. Batopllns Mining Ji .. Bethlehem Motors.... Mt 6 Bethlehem Steel 74 ), B Bethlehem Steel B.... 78J4 .. Booth Flsherle 7 .. Brklyn Rapid Transit. 12J4 . . Brklyn R T ctfs of dep 854 .. Brklyn Union Oua.... so .. Butte Copper & Zlno.. 854 ,. Butto & Superior Cop 20 .. Caddo Central O & R 10 J j .. California Petroleum. 30J4 7 California Petrol pf. . 06J4 10 Canadian Pacllla 122 , S Central Leather Bi 4 Cerro de Pasco Cop.". 44'4 4 Certaln-t'd Prod S3 10 Chandler Motors..... 87J5 4 Chesapoako & Ohio... 01 j, . . Chicago & Alton pf . . . 18 .. Chi & E III 13 .. Chicago & K 111 pf. .. 14J4 .. Chicago & Ot West.. OH 2 Chicago & Gt WcHt pf 27J4 .. Chicago Mil & St P.. 30 .. Chicago Mil & St P pf JS7J4 6 Chicago Northwestern 7454 8 Chi Pneumatic Tool.. 8154 . . Chi R I & Pnc 38 0 Chi R I & Pao 0 pf 08 .. Chile Copper U; 1.80 Chlno Copper 30 . . Clev Cln Chi & St L. . B 4 Coca-Cola 3554 3 Colorado Fuel & Iron. 35 5 Columb Gas & Elec. . SSVi 1 Col Graphophono 24 J4 7 Consolidated Cigar. . . 75 2 Con Interstate Cal at. 10J4 7 Continental Can 7054 1 Continental Candy. . .. 1254 4 Corn Products Kef. . . 80 7 Com Products Ref pflolH 2.60 Cosden & Co 4054 8 Cruciblo Steel 174 7 Crucible Steel pf 84 . . Cuban Cano Sugar. . . 33J, 7 Cuban Cane Sugar pf 77 7 Cuban Amcr Sugar... 45 JJ 0 Delawaro & Hudson. .10?H 10 Del Lack & Western.. 240 7 Deero & Co pf 03 .. renver & Rio Grando CJ4 .. Denver & Rio G pf... 14 8 Detroit United Ry. . . 02 .. Davison Chemical Co. 3 J 1 Domo Mines llj-j .. Elk Horn Coal 23 B Endlcott-Johnson .... 71 .. Erie lOft .. Erie 1st pf 25 H .. Erie 2d pf 18 J4 8 Famous Players L. .. 73 H 8 Famous Players pf . . . 83)4 .. Federal Mln & Smelt 11 8 Flsk Rubber 2754 .. Freeport Texas 22 .. Gaston Wms & Wig.. 854 8 Geu Chem Co 104 0 Gen Chem Co pf ft fl Genernl Cigar C3 8 General Eleotrlo 144J4 1 General Motors 21 J4 0 Gen Motors deb 6.. 08& 7 Gen Motors deb 7.. 81 6 Goodrich B F 55JB 7 Goodrich B F pf 80J4 .. Oronby Consol M & M 3754 7 Great Northern pf. .. 78 J4 SO Greon Cananoa Cop.. 27 H 1 Gt Nor Oro ctfs 32J4 . . Ouantanamo Bug Co. . 20 4 Haskell & Barker Car 71H 2 SO Nt Low (NTtm) Chta. 3J4 S0J4- 9 31)4 31)4 ... 48 48 m 7iw u y 200 4700 1030 KU lHQ) 5 0 10( 2U0 3)0 4100 100 200 100 100 150 100 030 000 300 2100 .1100 300 200 400 1000 100 100 200 000 800 2100 3330 400 500 2000 700 1000 800 100 100 600 200 1000 100 1000 100 500 100 100 1000 3100 100 3200 200 1300 200 100 100 3400 4200 100 100 100 700 100 4 000 2100 eoo 700 loo 100 200 330 100 (100 100 son .10 j 2000 100 100 100 100 100 1700 200 100 100 3101 103 0t0 200 10) 1101 130 1200 COO 2U0 300 2000 300 100 1000 030 100 1100 Hendce ctfs 25 .. Houston Oil Co 108J4 1 Hupp Motor Car 10 7 Illinois Central 81) .. Indian Ref Co 30)4 00 Indlahoma Ruf 8 4 Inspiration Con Cop.. 48J4 .. Inter Con Corp 3J4 .. Inter Con Corp pf. .. 11 f, 7 Intl Harvester new... 134 .. Int Mer Marine...... 37 0 Int Mer Marine pf... 77 .. Intemat Motortruck.. 44 .. International Nlckol.. 20 .. International Paper.. 82 0 International Salt.... 61 .. Invincible Oil Corp... 37J4 1H 7H 87)4 75 3 35 135 7154 60 05 13)i 19U 00 J754 11014 80 H 08 122 117 83)4 54 13)4 44 54 Vi 84 14 70 K 7 03 1854 13054 108 H 08 4354 1V4 38 138H 100)4 Ji 0)4 74 7754 7 12 854 50 8 20 16 20 )4 00)4 12054 A3 54 4354 8154 8754 01)4 18 12 H 14 54 38 j 38 50 74 80 37 H 08 1554 20 50 35); 3554 55)4 24)4 75 low 7054 11)4 80 10154 38 122 01 3754 77 45 10254 210 03 (i J2?i 02 .73 1154 22 Ji 71 10)4 24 X 17Ji 72 H 8354 11 20 a 2i 854 155 01 o:s 140 21 os a 81 55J4 80)4 3714 78 Ji 37 32 J 20 GO 25 ion 1534 80 20 8 48 3 11)4 134 2G 77 44 1H 81 H 01 30J4 IK 81 114 8754 4- IK 76W4- 1M 53M4- M 38)4 9 136 7354 114 00)4 M 80J1 X 13H 1H- 14 01544- 1 7)4 4- K 110H- 54 80H !4 0854 4- 14 122 4- 1V4 11954 4- 2W 8354 4- 1M 44 4- 54 13)44- M 44 5 Ji 84)4- H 7H4- 14 7 - M 63 18544- H 138 1 1U544- i!4 08 4- 24 44K4- 1 ? A 38 138K- V 10014- 314 Ji 0544- Yt 74H4- Hi 78Ji 1J4 7 4- 54 12 - y, 854- M 50 814 4- 54 3) 10)4- W 3254 4- 154 06)4 4- ? 12054- IK 4M4- Ji 44544- 154 52 4- 54 87544- H 0154 .. 18-1 12K- 54 1454 4- 14 054- 54 27)44- 54 38 4- 54 MS44- Ii 74 8114 4- 3)4 3714- ?4 6SH4- K 1554 4 54 30 4- 14 56 4- 1 3554- H 35J4- 54 5BJ4 4- 54 21J4 4- Ji 75 4- K lOJS-t- 5i 70)44- 54 11 54- 89 101544- 1M 40)4 4- 154 124 ii 4- 2)4 G4 - 54 38M4- ltt 77 4534 4- 1J5 10254 4- 2 210 03 1 6 14 I2J4- $ 03 35 1154 .. 23 71 4- 3 10H 54 2K- H J7J4- a 3Ji K 83J4- H 111 2034- 54 21- )t H54- 54 155 -17 01 4 1.3 - Ji 140 4. Ji 2134 )4 08J4 J4 81 asji 86 tt 4- 3754 70)4 2734 3234 20 71)4 154 FOREIGN EXCHANGE New York, Sept. 7. Foreign exchange opened with decided recessions for the principal exchanges. Lire showed the Bhnrpst decline, and francs also were considerably off. Sterling was off IVi cents from tho close on Friday, demand being quoted at 3.B4 and cables 3.54 3i. Franc cables were 6.87. chocks 6.86,j; lira cables 4.B214, checks 4.52; marks 1 98 ; Swiss cables 16.47, checks 16.42; Belgian cables 7.33V4, checks 7.321,!.; peseta cables 14.94, checks 14.02; Stockholm cablm 20.1B, checks 20.10; Christlanla cables 14.46, checks 14.40; Copenhagen cables 14.36, checks 14.30; guilders cables 3134. checks 31!i. Sterling held firm during the first hour of trading and tho other Important Eu ropean exchango rates were forced lower by the holiday accumulation of bills. Trading was generally brisk. TOIDAY'3 PINAL QUOTATIONS Bterllnn Franca Llr OullderB Demand 8.B8 fl.4 4.B8 31.80 Cabin a.GMi 0.00 4.60 81.00 TODAY'H OPENING QUOTATIONS Sterling- France Lira Guilders De.nand .... 8.B4 O.SflH 4.B2 31. (M Cablea . ... 8.B41!; 0.87M, 4.32H 81.76 MONEY-LENDING RATES N15W YORK Money on call, both classes of collateral, oponed today at 7 !or cent for londlng and renewing. Tho market for fixed date funds was suits bly lower today. The demand was less urgent and monoy brokers reported that they had done a fair business at 8H per cent for periods of thirty days to six months. The locking up of money around the first of the month caused a smaller buy. Ing movement for prime bonk accept ances, leaving the savings banks the prlnolpal takers. About tho middle of this week, however, a larger inquiry ta expected to develop all along tho line. Offerings of prime New York bills are In larger volume than of alte. Rates are not changed. ,,...., Prime mercantile paper is In fair de mand almost entirely in tho oountry sec tions. The minimum discount fljgures, oven for choice paper, continues 8 per cent PHILADELPHIA Call, 6 per cent; time, 6 per cent; commercial paper, three to six months, 6 per cent (Note These aro merely nominal quotations, as the lefral rate of Interest in tho state of Pennsylvania Is fixed at ii per cent. Plus premium and commis sion time money for thirty to ninety days Is loaning at 8 to 8 Vb per cent, while commercial paper from three to six months Is being offered at 8 to 8 per cent.) LONDON Money is quoted at 6 per cent Discount rates short OjIIIs, 61 per cent: three-montns' wns, o?i XB-fiOBla , , 10(1 1JJ 11; 34 81) J.J 30 8 - 54 8)4 54 3J4 54 H H 121 J4 254 77 1)4 44 1 l?i .. 7134 ., 61 37i )i flalea 200 4000 100 700 100 1(00 500 100 100 Iran Produeta' ...'44 .. Island Oil H .. Jewel Tea 10)4 .. Kan City Southern... 20 H 4 Kansas City So pf. ... 48)4 s Kennecott Copper 36 Ji 6 Lackawanna Steel.... OIK . . Lake Erie & West. . . . 14)4 Lake Erie & West pt 33 aao. Net Low (NTtm) Ch. 00 8.50 Lehigh Valley !! 700 3 Loewo Co 20H ! .. Loft Cbrp 14)4 300 7 Louisville A Nashvlllel04 300 10 Monati Sugar Ml 200 3 Marlln Parry 21K i 100 .. Maxwell Motor K 100 . . Maxwell Motor 3d pf . H 100 .. Maxwell Motor ctfs ... K m 100 s May Dpt Stores 75 16500 it Mexican Petroleum ..171H .1000 2 Miami Copper 30)4 000 1.00 Middle States Corp... 1314 100 4 Mldvale Steel & Ord.. 40)4 00 .. Minn & St Louis 154 , 200 7 Minn St P & St S M 80 00 . . Mo Kansas & Texas. . 8J4 00 . . Mo Kansas & Texas pf 15 100 .. Missouri Pacific 8 2080 .. Missouri Paclfln of... 4031 100 . . Montsomorv Ward... 3314 209 8J0 National Acm 84 H .. Nat Aniline & Chem.. 83 7 Nat An & Chem pf . . . 90 S National Cloak & Suit 44 .. National Con A Cable 8H 0 Nat Enam & Stamp.. 40)4 0 National Load pf....llH . . Nat R R of Mox 2d pf 354 1 Nevada Con Copper. .' UK ..NO Tex & Mex 41J4 5. New York Central... 74Jj . . New York C & Bt L. . 41 5 New York Dock pf... 7J4 .. New York N H ft H.. 35H 1 Now York Ont & W. . 31 7 Norfolk ft Westorn... 8034 8 North American 5354 7 Northern Pacific 8O34 7103 400 200 100 300 200 800 700 700 3500 400 100 2000 100 1000 100 2300 1100 200 100 100 15000 3000 2300 000 1700 300 1200 300 1100 500 4200 1700 500 600 600 100 100 200 1990 3500 400 88110 200 800 1800 5100 1500 300 3700 600 400 100 200 700 300 3000 8300 700 3300 100 3200 500 600 100 1100 4000 100 100 1700 20500 300 600 300 300 10500 1600 2700 330 100 3200 1000 1400 100 000 800 1500 40 Okla Prod & Ref 4 4 Pacific Dovcl Corp.... 3234 6 Pacific Oas & Eleo. .. 40 , .. Pac Tel & Tel 43 0 Pan-Amcr Petrol 02 0 Pan-Amer II 8534 3 Pennsylvania R R. . . . 43 Ji .. Penn Seaboard Steel., 2054 . . Peoples Gas Chicago. . 3634 .. Peoria & Eastern 1234 .. Pcre Marquette- 26 .. Pcre Marquette pf.... 47 8 Philadelphia Co 37J4 .. Phillips Pet 38)4 . . Plerco-Arrow aiotor. . 38 .. Pierce Oil 14H 8 Pierce Oil pf 81)4 8 Pitts Coal 63)4 .. Pittsburgh & W Va.. 3034 8 Pressed Steol Car.... 96Ji 7 Pressed Steel Car pf . .100 6 Pullman 115 5 Punta Alegro Sugar.. 5 4 Pure Oil Co 40)4 1 Ray Con Copper 18)4 4 Reading 94)4 2 Reading 1st pf 44 .. Iteplo Steel 7934 0 Republic Iron & Steel 8034 B.20 Iloyal Dutch N Y 8834 .. St Louis San Fran... 28)4 . . St Louis San Fran pf 42 . . St Louis Southwest. . . 29 .. St Louis Southwest pf 393. 1 Santa Cecelia Sugar.. 14 6 Savage Arms 3854 .. Saxon Motor 6J4 .. Seaboard Air Line.. .. 0 .. Seaboard Air Line pf 1754 .74 Shell Transport 53)4 .. Sinclair Oil 33 0 Sloss-Sheff 71J4 0 Southern Paclfio 00 8 South Porto R Sug ptlOO . . Southern Rail 20 B South Rail pf 01 7 Stand Oil of N J pf..l05 7 Steel Tubo Co.... 4 Strombcrg Carb. .. 7 Studebnker 0 Superior Steel 4 Temtor Corp & F ' . . Tcnn Cop & Chem. 3 Texas Co. 20)4 74)4 K 51 4134 10 1K Texas & Paclfio 38 80 Texas & Pao C ft O.. 4134 .. Times Square Supply. 23 0 Tobacco Products.... 06 J4 .. Transcontinental Oil.. 1434 .. Union Oil 29)4 10 Union Paclfio 124 4 Union Paolflo pf 04)4 4 United Alloy Steel.... 40 3 1'nltcd Retail Stores.. 70)4 .. United Rwy Invest... 11 .. Unl Rwy Invest pf... 2234 ..US Express 6)4 0 U S Food Products... 6034 8 U S Ind Alcohol 8434 8 U S Rubber 8814 auu 0.00 u a smelt & liel pf. 43 42S00 B U S Steel 90Ji 200 7 U S Steel pf 106H 1000 0 Utah Copper 64 Ji 100 4 Va-Carollna Chem.... 6854 500 a Va Iron Coal & Coke. 117 2300 6 Vanadium Corp 7tM 100 2 Vh-ndou Ino 14 JJ COD . . Wabash 10 Ji 1500 .. Wabash pf A 'lOil 1C00 .. Western Maryland... 11)4 400 . . West Maryland 2d pf. 1BJ4 800 .. Western Puclflc 3134 300 4 Western Paolflo pf... 0054 330 4 Westlnghouse E ft M. 40 100 7 Westinghouss A Brakel04)4 2700 .. Wheeling ft L E 13)4 300 . . Wheeling & L E pf . . . 25 3oO 4 White Motor 45 800 1 Willys-Overland .... 15 34 300 7 WlllyB-Ovorland pf... 76)4 100 . . Wisconsin Central. ... 3I34 100 8 Woolworth F W 107 200 0 Worthlngton Pump... OI34 43 1 14 ioy 20K 8)4 36 K "54 33 48K BH 108)4 100 2134 K K K 75 18J4 10)4 13 H 3934 15J4 80 834 14)4 3754 48)4 33)4 33)4 81 89 44 834 50)4 101 554 "H 30)4 75)4 40)4 7J4 35 31 95)4 53)4 79 K 3J4 33)4 46 43 9034 85 43.94 20 34 Vi 1254 214 47 36J4 38)4 36)4 1SK 81 354 30 94 90 J4 100 11434 74)4 3834 16 02 K 43)4 78 83)4 8554 28 .4154 27)4 39 14 38)4 8J4 8K 1754 5234 32 H 6934 0554 106 2834 00K 10554 20)4 7354 61J4 51 4134 OK 50)4 38 41 23 06J4 1334 29 123)4 63)4 40 0954 1054 31 34 654 00 8331 86 J', 43 80 10694 64 854 114 70 1154 1054 28 Ji K54 18 30 68 Ji 4834 10454 13J4 25 44)4 154 70 3134 107 01)4 441 10)4 1 20J4 M. 48 K 24J4 1)4 6134 K 14)4 !4 33 1 49J4.1 10)4 14J4. 91 103)4- H 101 1 2134 14 37 H 9K- 94 K H IS 171H 20)4 14. 1394 - Ii 40)4 K 15 J4- 94 80 14 894- 9i 14)4- 14 38 i. 49K K 33)4- V 33)4 114 81 3K 90 2J4 441 8K H 58)4 114 101 - 14 554 1194 H 41)4 254 7JJ4 94 41 47J4 H 359i 14 21 904 94 53)4- Ji 80K l'4 3Ji .. 3354 14 40 421 93 IK 85K 114 43J4 94 3054 14 35K 2)4 12K 14 2554- 94 47 IVi 37 3854 .. ' 37)4 154 14K 1 81)4 K 03)4 14 3054 14 O0J4 14 10) 114 11494 y 75 1 30Ji IK 16 - 54 83 54 44 4- 14 70K 294 8694 114 8834 94 3S54 54 43 27)4- 114 39 54 14-J4 38)4- 154 5J4 14 0 14 17)4 114 5394 1 3294 14 70)4 94 00 54 106 54 2834- 54 61 54 10534 54 20)4 73)4 14 631 51 41K 14 0Ji 54 511 38 J4 41-J4 22 06J4 14 "54 194 20 12354 14 04)4 .. 40 0034 94 11 Ji 2IK 1 .10)4 '!4 00 - 34 84 J4 87J4 114 431 034 1)4 10094- K 04J4 Ji 6854 )4 lie 4- 4 7034 31 14)4- 54 12)4 54 30 4- 14 11)5 Jj 18)4 54 30 - 134 0054 14 834 .. 104)4 14 1354 K 25 45 J4 15)4 14 7054 114 8191 1)4 107 54 01K- 14 ON CURB IS SMAL L Brokers, Anticipating. Brisk Business, Are Disappointed. PriceB Irregular New "fork, Sept. 7. Tho curb mar ket was disappointing to an extent, be cause of the fact that the expected vig orous trading, offer a triple holiday, did not appear. Instead, dealings wero small in volume find price movement were Irregular. Car Light and Heat was a strong feature, being in demand in connection with tho coming reorganization, and sold at 8Vi to 3. United Retail Candy was also in demand and ranged from 12 to 12. Submarine Doat opened at 13. then declined to 12. White Oil was the only strong issue in the petroleum groun. moving- un from 20V1 to 21. International Petroleum was under pressure, opening at 33 nnd dropping to 32, and Tropical Oil was offered at concessions,' without sales be ing mode, in the first half of the day. There was a small amount of busi ness in General Aftphelt during the fore noon at 53 and 03. Simms Petro leum ranged from 13 to 18. INDUfiTBIALS 8 18 04 ej4 IrV lj 2J4 2H 8(4 3 ltlrh Aetna Coal u Urlt-Amer Tob coup .... 18 Car Light 3H General Aaphalt BHW urnpe uia, , urapa uia. pi .., Indian racKine . Nat city JJank rta 88 .-torm iim raper Perfection Tire Ilndlo Com .. .. Itadlo Com nf . It J Reynolds H M...,. 40 Hoy De Franca 5 Submarine Doat is U S Illth Speed Tool . .. 30 ti U S Htoam 7 254 United net Candy ru Wayne Coal Ix, aj, STANDARD OILS South Tenn Oil 272 S Oil of N, Y 887 INDEPENDENT OILS Allan Oil l Allied Oil 21 Ark Nat Gas 11 lloone Oil 2U JJoeton-Wyomlne ifl Ulery Oil ,, 16h I.omlnlon Oil 7U Ulk Uailn Pat Ott Knslnoera' Petrol ....... 1U Ramaralda Oil U Federal Oil 2H (ilenrock OH 2 Horn Oil . ...... 1J4 Inter reuolcum S3 Lanes Creek J, Merritt Oil IB No West 85 ' No Am Oil 2)4 I'ennok Oil ;U Producers & Refiners ... BU lied Hock Oil w itian Oil 20'i Salt Creek Prod S0H Simma Pet 13s Shelly Oil ..... oB Superior Oil lsti Texas Hanger 4; Un Texas oil Victoria Oil. new l Weaiern Statea $4 wnuu un 21 MINING lilt- Ledge , U lloiton tc Montana 80 Calcd Mln 20 Calumet it Jerome U Canada Cop u Candelarla M U Cona Virginia 4Vt Cortex Sliver 02 Cresaon Gold 1 Divide 12xt 80 Dundea Aria jj-.... . 1 Eureka Holly 1A 40 Mlnln 4 Golden Gate Exp Vi Gold Cona 0 Goldfleld FlorencA in .Oold Silver Pick B uoia zone as Heola Mining ... 4 Howe Bound 8H Iron Bloeiom .,. Jumbo Extension 6 McNamara 14 Marah Mln 17 Mother Lode M Mother Lode, new ., Bi iNipiimnr (N.T.tlme) i:au Low 3H 1.1 3'i M 24 J8 88 a,m. 13 sa 88 , 054 3U 30 iu 0 8 , 12H VM 272 887 2T2 88T 20K J Financial Briefs Transactions In stocks on the New lork Stock Exchange duilng August totaled 14,318,700 shares, a decrease of 10,001,200 shares compared with a year ago and an inorease of 730,200 shares over 1918, Tho daily average trading was G50.710 shares against 1,083,473 Bhares last year, 2S0.61 In 1918 and 156,011 shares In 1917. During tho month there wero four days with sales over 1,000,000 sharos against oleht dayB with one 1,000,000 and one 2.000.0U0 last year; none In 1918 and 1917. The New York Subtreasury gained HI28.000 from the banks on Saturday, reducing the cash net loss slnco Fnday to J181.000. A circular nan been mailed by the Robinson committee to holders of Na tional Properties 4-6s bonds asserting that a valuation should be mado of tho American Railways properties to deter mine future, as well as present, finan cial requirements nnd, among other things, the causes leading up to the preeent situation. The Randolph com mittee has already announced Its pur. pose to have a valuation mado by en gineering Experts. The average price of twenty active industrial stocks advanced .88 per cent to 88.0B on Friday, while twenty railroads advanoed 14 per cent to 78,88. DIVIDEND8 DECLARED Bwlft & Co., quarterly of $2, payahlo Oc tober 1 to stock of record September 10. united Light and Iiallwaya Co., quarterly tn ntnrW nf r.ftorn Rrtembffr 1ft. or Hi per cent on prererrea. pavume October 1 10 biock or reoora wmrmwr in, Western Paolflo Railroa-l Corp , qui of 11.30 on preferred, payable Octobe atook of record September 14. ,. quaueriy or i'oc. payable :k ( ii.uiu aepmmiifr go uarterly 1 to Dome Mines Co Octotar 20 to st American Publlo Service Co.. quarterly cf it per cent on prriru. vjauib uctoDer 1 to stock of record September IB. Ce.rtaln-Tnid Producta Corporation, extra of l In addition to regular JI on common, payable October 1 to stock of record Sep tember 17. Mexican Petroleum Co., quarterly of 8 on common, parable Ootober 11 to stock of rec ord September 16; quarterly of 2 on pre tarred, payable October 1 to stock of record September 16. It. J. Reynolds Tobacco Co., quarterly ot B0 cants on common and common II, pay. able Ootober 1 to stock of record Septem ber IB, Hercules Powder Pays Extra TTIlmlnirton. SeDt. 7. The Hercules Powder Co. today declared a regular quarterly dividend of 3 pr cent on the common stock and an extra dividend of 2 'per cent Both are payable In oaart Hentember IB to stockholders of record JJenterflbex IB, t LIVESTOCK QUOTATIONS ,ltUib''nh Vn- S'pt 7 "OOS-necelplS, 1800 head, Steady. Heavies. 118.78010: .10.BO10.7B: pigs, J1B.B016 , SHEEP AND LAMU !,,, ,00fl ..ru. oiur, lop saeep. j; top lamba. $18, Steudy. Top. nnn L T ?PV 7 -CATTLE-Reeelpts. 25 000 head. Quality very pimn. cholc, ,tM and yearlings, steady to stronger. Enrly top oil welghtss. J17.B8: bulk choice. U717.7fi'- eood steers, $lB.50in,7B, grassy kind weal.. js'bowi" BO?"''.!.!.1-8.",751 r,th"" "y huik uiinr 1 1..1. atock. "teady to lower: lu.aa hu u ,k, . i.r. -i: -- - - 10.23: bulk, pack pms, sieaay to stronr. mostly 257 MtfhP, r?050 hnd' Kt lsmb" hi n.TiiS. ..o r .. J?00"1 western, J18.B0: Pest native, $13, bulk natlvn tiyiraio Kn. RelcVTp.."?7"B,nhed Sff& J,-.TF,33f5r receipts. 3.10 head. Active and 80e hl.hwrTii 0lB?ibu!k M bu'fh". 1IB.40B .a,.tbaUdy' toTtron'r ""V"' '" 2014- 10. HIXJS Receipts, 320O hend. Active. jjruyjr ona pins ninay; ig it 2SCTI0o h(hr Heavy. $inil0.n0: mixed, $10 OOmiWS' K?Jicers7 T5j.a5s iiVht o" iioSielooi rigs $10: roughs. I12.S0O18.25: stag.. ,8 HIIEEP AND LAMns -. Receipts, 2200 r.teW Lb"."4 ,:B0fM$ Tfg'r'So." W9i- """niPiSl NEW YORK COFFEE MARKET .f?v yir.U s"ti. 7 Any advance which might have been reasonably ex pocted In tho local coffee futureB market as a result of the strong cables from Drazll, was held In check this morning by the heavy Belling of local trade and Importing firms, cill prices being 20 to 28 points lower, The trade appears to have lost confidence. (N. T. tlmO Pept, Jea .. larch . May ... nid. Prav. Close 8.24fl27 8.00 OM 0B50 0.0870 Today's open 8. OOffl BO 8,7071 ,9.2826 11:80 a. m. 8.07 0.24 Qphlr Silver it; rince uon jl. ..uui-airr .uinim ., 8 Simon S L I J, S Silver Lead i Success Mln 6 Tonopah-Belmont i Tonopali Cash Boy ., 7 Tonopah Dlvlda .j. ...... i Tonopah Extension l Tonopah-Jlm Butler IB Tonopah Midway n Tonopah Mln m Tonopah Mlzpah 14 Tonopah Montana , 8 Tonopah Rescue Eula .... 28 United Eastern ii Victory J West End C ivi White Capa f IIONDS I'rench 6s of '31 ui Hamburg 4Vss 10?i Swiss Biis e6 Swedish 6s ...-. my. Allied Packer 8s Sola Amn Tl Us of '22 04C Arrnour 7s nnu, Columbia Graph 8s ...... 00 Goodrich Tire 7a t...... 024 .-. 1 uenirai is New Haven 4s Sinclair 754 e .. Union Tank 7s BOH IS 8454 toy, 0454 mi , do ' U2H 61 S3 81 'i ll DB M mm iuui lav, 784 UU?4 0754 LOCAL MINING STOCKS TONOPAH STOCKS .on .14 J .11 .OS .04 .24 1U 00 01 0754 Cash Boy .....'. Jim Ilutler M'JcNamura ...jj MacNamaro. Cres Midway MUpah Ext Montana' North Star Rescue Eula Tonopnh Ext . . , , West End West Tonopah . . , BANK CLEARINQ8 Dank clearings today compared with cor. responding day last two years: Phlla.. $78,114,750 iriilMOS lB4aa48aKn iaVt!4iSiSJnWp,,h on 5,Ufaa 1 DIVIDE STOCKS Allied Dlv n, ot Alto Dlv JJ ? Holcher , or, ?,?, Belcher Ex os in Den Hur . gf -'8 Urough Dlv , ' Vt -?2 Divide Ext '30 17, Dlv Synd V....... '01 -h Dlv Con 02 n? Dividend 0, ni East Dlv ...'..... 02 Vi? Harmlli 12 -V. HasbrouckDlv m S High Dlv . 01 o" Revert Dlv Oo n? Reno Dlv 01 n't Rosotto 01 nii Bllver IClne 03 '2? Tonopah Dlv ,v? Ton Hasbrouck ot na Victory Dlv ; -08, Verde Dlv HI .03 i08' ono 34 !80 OOLDPIELD 8TOCKB Atlanta u '.,. ,01 ,3 Ulue Hull 01 ftf Dooth 03 nX C O. D 'V -S? Comb Frao .... 02" Xi Cruckerlack 00 ns Dlamf D B u -X? Daisy 2 Xi Florence ij Goldf Con 08 10" Gntdf Merger ..j. u ,- Gold Dev ., 02 01 Great Ilend u ',;, Jumbo Ext , 04 'n!, Kewanaa u ',,', Lona Star OS cm Oro s 01 0: ned HUU 2 ' Sliver Pick 06 07 Spearhead .03 'ok MISCELLANEOUS Amparo 1W ,l Arlr United 14 ii Eden '",, Mother Lode BB n Nov Hill 02 04 Nev Rand 4.. X '"., Wllbert ,.; ".. .03 (v Nev W'der 4 "a,. Tecopa Mln 07 on White Caps 07 oa , Flaxseed Crop Delow Estimates Mlnneopolls, Sept. 7. The flaxseed orop Is falling down from flrst e.tl mates, due largely to loseeei In nm. of the heaviest North DakoTa district from, lack of suniclent moisture hut notwithstanding; that a very good' cron han been raised, estimated now at from 12,000,o8o to 14,000,000 bushels. ThSre' Is perhaps IB to 80 per cent of the cron that is late enough' In maturity to be subject to ppwlble damage from early froet- . On the other hand, cweider. able of the crop-Is now teu harrsiid, . ' ' """' "' '"' ' ' --- y., ,LW . ; ,.,"''- '- Clearing Commerce 11Sr1ets liy J953BsaBssEsVsalalW-sa FOR . MANY In and bprdering oh Pennsylvania are thousands of industries cease lessly engaged in meeting the heeds of the civilized world. On the other side of the ocean lie ports waiting to receive the out put of America's enterprise and to dispatch to us in turn cargoes-of foreign goods. Between these two fields of pro duction stands The Philadelphia National Bank prepared to clear traffic from two hemispheres and to serve the needs of this port in any way possible. THE PHILADELPHIA NATIONAL BANK 4AI CHESTNUT-STMCT $800,000 City of Norfolk, Va. One Year 6 Bonds Dated September 1, 1920. Due September 1, 1021. Principal and semi-annual interest pnynble in New York City. Coupon bonds with privilege of registration in denomination of $1000. Exempt from the Federal Inoome Tax The City of Norfolk is one of the most important seaports on the Atlantic Coast, it being officially stated that during the past year the tonnage of its harbor was second only to that of New York and valued at over Four Billion Dollars, exclu sive of, the tonnage carried by transports, battle ships and other government vessels. The City is the business center for a population aggro gating 676,000. The Charter of Norfolk imposes most conserva tive restrictions on the financial management of the city, the debt comparing favorably with other large cities. It is officially stated the City has paid promptly, principal and interest, on all of its bonded in debtedness from the year of its settlement, 1680. We recommend these bdnds for investment Price 9914 and interest; yielding over 6J4 . Complete information on request Harris, Forbes & Go. Pino Street, Corner William, New York Widener Building. Philadelphia The Capital Stock of Philadelphia Insulated Wire Company at present market price pays about 12 on the in vestment It is a local industry established 100 years. Incorporated under Pennsylvania Laws and not subject to Pennsylvania Personal Property Tax. Dividends free of Normal Income Tax, under present Federal Income Tax Laws. Average annual earnings past Ave years equal to more than 20 on present selling price of stock; Company has no bonds, mortgages or Preforred atoCK. The stock is listed on the Philadelphia Stock bxenange and may bo purchased 'thru any Banker or Broker. OEOKENDPICK 3rd $ CO 1431 WAunrr st. ?P philadeiphia. 11 J I yl slnlrTtgi JL-- - "I . il. i i,.!-ajv -sgT.y Business Men today are finding that thjoir time and brains must m t5? In exccutve work to bo most profit u!e"ii 1 , no. neessary to master the many details involved in every "deal." Dcnendahln. finnm-ini nn..-..i 1. u j our progressive friend;. COnVcnicnce ma f REAL ESTATE TRUST CO. OF PHILADELPHIA Broad and Chestnut Sta. ' '.''Lk ' ' iJ '&SSSliiffii. tftKiisL.-t. JZ.I.''. 2LixA&km-t&&tM. !V tiidc
Significant historical Pennsylvania newspapers