V$P' tAvv "yVvk- . 1 ' .,, i y 'i?yy"j-t, OJ2, i-C; - j" ,jtvv irf ' v? v;, r i ,, w .,'.: ijf X VlV f lL ff J r r-' a ii v W ! -' Lv I r-- ik '1 - I ? m, I't W ". 9? t r ri'l A Sill &. rtt -y.H- i .r t rr t ,'-1 .' , If2 "V4 r I'M ll If Kwua oIlVlr rcffi&H Build an Addition To Your Income Consistent invostmont In good securities of fers 'tho means'. Send for our Septom bor list containing carefully solcctcd is sues which we rccorri mend for immediate purchase. IfflGlPT MARKET RAGGED NEW YORK STOCK EXCHANGE TRANSACTIONS Ante for circular rK-SS MatioiralGty Lorapany Philadelphia 1421 Chestnut L Atlantic City Chalfonte Dlock IZZS Uonrdvrnlk Yesterday'3 Late Flurry in Call Rato Chocked Recent Bull ish Operations Now York, Sept. S. Mixed news pro duce b mixed mnrkct today reflecting further dl vision ot sentiment among trndcrti. During the greater pnrt of thn . !,.mcii the general list was suujoctcu t more or les realizing pressure anil j the yielding prices In turn encouraged mom aggressive tootles on tho pnrt of the heor party. The market, however, wns moro irregular tbnn weak, although at olffercnt intervals tho tendency wn. strougly reactionary. Ytwterday's late advance in the rate for call loans probably served to check the recent bullish operation, In that thli incident served to Impress the fact i'f the foolishness of looking for a con 'iimntlon of a forward swing of any considerable reportloni until money matters assume much more easier con idltlons. While the acknowledged sue I cess of the new French loan was re Igorded as ad Istluctlve constructive in j tluence, yet, on the other hand, the ex tremely high rate which the French Government was compelled to pay for 'the loan furnished an Illuminating ex emplification of the money market ten sion, and indicated quite clearly a con tinuance of the hlcji interest rates for some little time yet to come. If any real uneasiness, however. existed concerning a (lurry in money rates today, they were not borne out by the call loan rates this morning. De mand loans were renewed nt 7 per cent, and according to the. board reports, omplo funds were on hnnd to supply most demands nt that rate. With tho upward swing checked, of course, tho requirements wore that much Iesseued, and there Is every probability, had the demnnd increased in the same propor tions as in tho immediate preceding session, the rate undoubtedly would huve been promptly marked up. One of the more striking develop ments attending the reveimil of the i inniket trend was furnished in the heavy pressure vinicn apeareu against some or the lower-priced railroad hharet,. Mis souri, Kansas and Texas being n par ticularly prominent target. This, ' however, was largely the result of Uie oversight of some of the recent enthu siasts of the heavy assessment which is likely to be included in the reorganiza tion plan about ready for presentation to tho security holders of thut company. All the rails were more or less imh cetplble to realizing pressure, which ii'fiu tn lia nvtiflntml in vlur nf tin rl- A. G r O W i 11 Sf IndUStry i c(nt uninterrupted elctntlon of this (11- " vision of the market. With foreign exchange again unset tled, remittances to London falling be low yesterday's minimum quotations, coupled with the reports of further dif ferences between American interests and the Mexican Government and the un easiness over the money market condi tions, tho market started out with a big handicap. The tone wns hesitant and the opening prices ranged from fractions to a point under last night's closing level. Shorts were encouraged by the lack of buying orders lu the tirst hour and ex erted pressure against the cheaper rails, later extending their selling movement to oils and some of the independent steels. Reactions among transportation shares ranged from 1 to U points, with as much for most other popular issues. Stocks rallied at midday, Mexican and Pan-American Petroleums, also Crucible Steel and Baldwin rising 1 to 2 points from their reaction. Units were irregu lar aside from Canadian Pacific, which strengthened on prospective higher freicht rates to roads within tho Do minion of Canada. $500,000 City of Detroit Michigan - Direct Obligation 6 Bonds Due Aug. 1st, tOSS Price to yield 5.25 4 i Free From Fedcril Income Tax Legal for New York Savinfi Bank and Trait Fundi , Send for Descriptive Circular li-lSO and. It interested, our September list of offerings E. H. Rollins & Sons 1421 Chestnut St., Philadelphia Boston New York Wilkes-Barrc Baltimore Chicago San Francisco An Investment Salt 300 300 200 100 200 4300 800 (100 500 100 300 100 1100 8700 .100 zoo son 100 300 310 3200 300 300 1000 200 100 1800 400 000 100 1S0O 500 100 800 11400 s.too 1300 r.oo 200 1300 700 200 400 300 200 sen.) 3300 inn 300 soo noo soo 000 1000 1300 2000 100 1200 3400 200 300 200 000 100 200 too 100 2100 100 13011 100 100 1.100 Dlv. In t High Adams Express 35 1 Alils-Chalmere SH 7 Allts-Chulmers pf 73tt .. Alaska Juneau Q M.. l 0 Am Agrlo Chem pf . . . 87J4 s Am Beet Sugar 83J4 10 Am Bosch Magneto, .. StH ., Am Can 35 H 12 Am Car & fMy...,...135H .. Am Cotton OH tyi SO Am Drug Syn 10 .. Am Hide & Leather,. 18ft 7 Am Hide & Leather pf 73 Yx 0 Am Internat Corp.... 7514 1 Am -La Franco ling... 10 S Am Linseed 60 0 Am Locomotive OKJt 7 Am Locomotive pr.,,.100l .. Am Safety llazor 13ft .. Am Ship & Com 20 ft 4 Am Smelt & lief 01ft 7 Am Smelt & Kef pf.. 01ft 10 Am Sumatra Tob 85ft 8 Am Tel ft Tel 00ft 20 Am Tobacco B llflJJ 0 Am Tobncoo pf new., 00 7 Am Woolen Kiy2 . . Am Writing Pnpor pf . JS3ft 4 Anaconda Copper Rli 0 Asso Oil 80H 1 Atch Top & Santa Fe 84 ft . . Atlanta Blr & Atlantic 7M 7 Atlantic Coast Line.. 02J'a 10 Att dulf ft W I 8 8.. 130 3.80 Baldwin Locomotive, ,110ft .. Baltlmoro ft Ohio.... 42J4 8 Barrett 130ft .. Batopllas Mining ft .. Bethlehem Motors..,. Oft B Bethlehem Stool B.... 70ft, .. Brklyn Rapid Transit, lift 10 Burns Bros ooji Butto Copper ft Zino. . h' . . Huttcrlck Uft . Caddo Central O & II 10H 10 Canadlnn Pacific 131 s Central Leather Mft 7 Cejitral Leather pf . . . 97 4 Corro de Pasco Cop. . 43 10 Chandler Motors 88 4 Chesapeake & Ohio... 01 .. Chicago & C III pf... Hft .. Chicago ft Ot West.. OH 2 Chicago & Qt West pf 20ft .. ChlcaRO Mil & St P.. 38 . . ChlfnKO Mil ft St P pf flOft n Chi St p Minn ft O.. ot 5 Chicago Northwestern "4 ft .. Chi R I & Pao 37 0 Chi R I & Pae 6 pf 07ft 7 Chi R I ft Pao 7 pf 78J4 .. Chllo Copper 1S? l.so Chlno Copper 20ft 4 Coca-Cola 3Sft . . Col & Southern 28Ji 4 Col & So 2d pf 43 Columb Oas ft Hlec. . 65 ft 1 Col Craphophone. ,. .. 24ft l comp Tab Records,.. 48 j$ 9tS0 Xet Low (NYtml Ch, Con Interstate Cal M. 10Ji 7 Continental Can, 1 Continents' Candy , 4 Corn Proiuets Ret. 1000 2.80 Cosden & Co in1 We offer at a price to yield 10 at the present mini mum dividend rate and over 144 if the participating feature proves of value, tliA i-itmlilf iir a nartlMntiMi. i prcfererice shares of a Com pany doing a large and profitable business in the manufacture of an essential commodity. The field of distribution of the Com pany's product seems almost unlimited. Both net and gross earnings are increas ( ing in a most satisfactory way. k Write for detcriptive Circular (E) j Hemphill, Noyes & Co. Members yew York Stock Exchange franklin Bk. Bldg., Philadelphia Hew York Itoalon Hcranlon - ZOJuLJL fJ.JtJio? U410 ryUXJ CU.UKC6 fllCuAAlt, Frazier 6- Ch BROAD AND SANSOM STS. PHILADELPHIA 19 SOUTH STBALTIMORE f5 BROADWAY, NEW YORK LOCAL TRADING DULL AND NARROW Frank Statement of President Bodine, of U. G. I. Co., Well Received The tone of tho opening locnl market was strong this morning, hut dealings wer on a very limited scale. The list, however, wns well represented and prices ruled generally firm, with the ma jority showing good fractional ad vances Tlic continued strength of tho rail road shares wns the outstanding fea ture, with Pennsylvania Railroad being well takn in small odd lots at 43. Le high Valley wos also notably steady at 48. In the miscellaneous list United Gas Improvement was Ann at 40, and few transactions were rondo in the new preforred stock nt pnr. The frank state ment of Samuel T. Bodine, president of the company, concerning tho city lease was favorably received. Klcctrlc Storage Hnttery shaded to IUS'Vj on small offerings Ilrlll was unchanged from the previous sole Philadelphia Electric crossed 22 ngain. and Keystone Telephone was iinehnnged ot 0. Philadelphia Stocks 2300 4500 200 2950 100 3000 1400 too 200 40O 300 2000 1400 100 200 400 4600 100 100 100 300 3100 300 100 700 1100 100 200 200 400 100 1700 200 1400 500 100 200 300 700 000 1100 400 2100 300 100 500 100 400 100 70ft . "ft . 88 . 40H .123M . no 8 Cruclhlo Steel . . Cuban Cane Sugar. 7 Cuban Cane Sugar pf 77 t Cuban Amer Sugar... 40 10 Del Lack ft Western.. 337 ft . . IVnver ft Rio Grande 0 . . Denver ft Rio C pf . . . 13ft 1 Dome Mines lift 1.' nicctrlc StortiKo Bat.. 128ft .. i:ik Horn Coal 34 8 Kndlcott-Johnson .... 70 .. Erie 10 .. rjrlo 1st pf 34 . . Hrlo 2d pf 17ft 8 Famous Players L. . . 72 3 Flsl: Rubber 27 "' .. Freeport Texas .... 23ft .. Cnaton Wms ft Wig.. OH 8 Gen Chem Co 150ft fl Qcn Chem Co pf .... 00 ft 8 General Electric 143M l General 'Motors 31 H 0 Gen Motors deb 6.. "0 7 Gen Motors deb 7.. 80 0 Goodrich B F 55 7 Great Northern pf... 78ft . Gulf Mobile ft Nor... 13ft . Gulf Mobile, ft Nor pf 38 ft 4 Haskell ft Barker Car 71 Houston Oil Co 105 1 Hupp Motor Car 15ft . Indian Ret Co 30H BO Indlahoma Ref 8ft 4 Inspiration Con Cop.. 4R .. Inter Con Corp pf... 11J4 7 Intl Harvester new... 125 .. Int Mer Marine.. 25 .. Internat Motortruck.. 44 .. International flcUel.. 109 .. International Paper.. SO?; .. Invincible Oil Corp... 30ft .. Iron Products 44 .. Island Oil 0ft . . Kan CUy Southern . . 20ft 4 Kansas City So pf 40 . 5 Kennccott Copper 20 1.20 Keystone T ft R 10ft 0 Lackawnnnn Stoel,... 00ft 2 Leo Rubber Tire 21ft 500 3.80 Lehigh Valley 48J4 400 12 Liggett ft Myers 141 000 1 Luewo Co 205i 35 3t 73 ft 1M 87K 77 8 H .15 131 25 ft 10 12K 71 ft 71ft 0ft 08K 05 100ft 13 30 60ft 01ft 85 08 X 118 90, 81ft 53 4 ft HK 83 H 7 02 ft 134J 10SM UK 133 M o 70 H ilH 79 ft 8 12 ft 15 ft 110M 50 ft 07 42 J 80 ; 00 14 ft 25K 36J4 54 U fit 73ft 30 V 07 78 15H 29 35 ft 2H 43 55ft 23 ft 45; 10ft 70ft lift 87 ft 39 H 121 4 37 ft 77 44 ft 237 ft 5ft 12 "ft 137 ft 23 ft 08JJ 1 ft 33 17ft 73 20 H 21ft 159ft 90 ft 143J4 21ft 09 80 44ft 77 ft 12 ft 28ft 71 102 ft 15ft 30 S 47 lift 125 25 44 10ft SO 35 43 H Oft 20 40 20 10ft 08M 21ft 48ft 141 20 ft 35 - 1ft 3454- ft 73ft ft 1M .. 87H- ft 8l 8 1ft 35H- H 134 - ft 25ft- ft 10ft -13M- ft 71ft -lft 73ft H Oft-lft 08 X 951 100 ft ft 13 ft 20ft. ft 00ft- ft 01ft- ft 85ft- lft 8J, . 118 X 00 - ft 81, ft 53 - lft 54ft- H 80X 3 83ft- 7 ft 92ft- ft 134J4- lft 108ft- lft 41X- 1 135 -4)4 - ft 0 - ft 70ft- lft liw- y 0H- ? 13ft ""ft 15ft- H 121 Iff 50ft- 2ft 07 54 42H- ft ROM- H 00 J 14 - ft Oft- M 25M- lft 3031- ft 5434- ft Ot 74ft- ft 30 H- ft 07 - ?i 7S - ft 15 H- ft 20 - lft 35ft 1 28 - 2ft 43 55 ft . . 24ft- ft 4XM- H 10ft . . 70ft .. "ft r ft 87 ft- ?. 40?i ft 1214- ft 39 -1 lft 77 4ft- Z37ft - lft 5ft - ft 12 W- H lift- ft 128ft 13H 23ft- 08!,- 2ft 15ft- ft 2395- 1 17ft- ft 74 - lft 27 ft 23ft in 0M 150 ft 3ft 00ft .. 148J4- H 21 J ft 00 ft 80 - ft 84ft- 1 77ft- 1 12ft- 1 28ft- lft 711 102 ft 2ft 15ft- 20 ft - ft 47X- ft lift- 14 125 1 25 H 44 "ft- H 80 - ft 3594- ft 441 0ft- ft 20 - ft 40 20 K 10ft- ft 0ft .. 21ft ft 48ft- ft Slt 700 100 too 100 100 400 100 7000 100 SI00 500 1100 100 7000 1700 3100 700 too Dlv. ln Illsrh 141 20ft- Loft Com 18 18 Lorlllord Tobacco 137 10 Manntl Sugar 1034 '7 Manhattan Elev guar. 8ft 3 Marlln Parry 31ft .. Maxwell Motor OK 8 May Dept Stores 74 ft IS Mexican Petroleum ..170ft 2 Miami Copper ?0ft 1.00 Middle States Corp... 13ft 4 Mldvnte Steel ft Ord.. 40 .. Minn A St Louis 15ft 7 Minn St P & St S M 70ft . . Mo Kansas ft Texas. . 8 . . Mo Kansas ft Texas pf 13ft .. Missouri Paclflo 27ft .. Missouri Paclflo pf... 48 4 Mulllnn Body 33 800 8.BO National Acme .18 K 3000 .. Nat Aniline ft Cnem . 8lft 300 i Mat An ft Chem Df. . 89 500 n National Clnftk ft Suit 43 ft 0 Nat Ennm ft Stamp.. 68 0 Natlonnl Lend 70ft . . Nat R n of Mcx 2d pf H 1 Nevada Con Copper.. 11J4 ..NO Tex ft Mex 43 8 Now York Central... 75ft . . New York C ft St L. . 41 . . New York N H ft H. . 34ft 7 Norfolk ft Western... 95ft 7 Northern Pacific 79J1 Nova Scotia S ft C. .. 49 40 Okla Prod ft Ref 4 .. Otlo Steel 33ft. n Paclflo Gas ft Eleo... 45K 0 Pan-Amer Petrol 00ft o Pan-Amer B 84 4 Parish ft Bingham.... 34 .. Penn Seaboard Steel,, 30 3 Pennsylvania R R. . . .. Peoples Gas Chicago. .. Peoria ft Eastern.,.. . . Pere Mnrnuetts . . . . 5 Pero Marn prior pf . . 3 Thllodelnhla Co .. Phillips Pet 37 .. 1'iercc-Arrow motor., .its .. Pierce Oil s Plerco Oil pf B Pitts Cool .. Pittsburgh & W Va. 1 Pond Creels Coal. . . 8 Pressed Steel Car. . . 7 Pressed Steel Car pf .100 8 Pullman l5ft 4 Pure Oil Co 30ft 8 Punta Alegro Sugar, . 77 1 Ray Con Copper 10 4 Rending 03 . . Replo Steel 82J5 6 Republic Iron A Steel 85 .. Republic Motortruck.. 3lft 8.20 Royal Dutch N Y.... 88J4 1 St Joseph Lend Mfi .. St Louis San Fran .. 373i .. St LoulB Southwest... 37ft .. St Louis Southwest pf 3Sft 1 Santa Cecelia Sugar.. 14 . . Saxon Motor 3J4 .. Seaboard Air Line. . .. 8ft 8 Sears-Roebuck 140 .74 Shell Transport 54 . Sinclair Oil . ... 33ft 0 Slosa-Sheff 73 H 20 South Torto Rico Sugl38 O Southern Pacific . . . 05ft .. Southern Rail 28ft B South Rail pf .... 00 20 Standard Oil of N J.. 002 7 Stand Oil of N J pf..l0Jft 400 SOO 300 500 800 2000 COO 3000 100 1200 500 900 700 100 8000 1000 300 300 1300 100 100 1100 100 700 100 3700 500 300 3100 700 400 100 100 100 1100 2800 200 11500 3100 1400 300 3000 100 3100 700 700 500 500 100 too 3300 8200 3300 175 3000 4300 500 10 000 1000 10200 1.100 12100 700 100 500 200 200 0000 200 too 1800 3500 400 1000 100 3100 100 100 800 1200 3000 100 300 10500 751 1530 20) 3500 400 100 3500 000 1700 loo 200 100 100 700 300 500 100 500 1300 830 43 34 ft 13 23 ft 00ft 37 14 ft 81ft 4ft 30 17ft 90 4 Stromberg Carb 7334 7 Studebaker 0ft . . Tonn Cop & Chem ... 10 3 Texas Co 50ft . Texas ft Pacific 37 SO Texas ft Pac C & O.. 30ft . . Third Avenue 13 .. Times Square Suoply. 33 0 Tobacco Products.... 05 .. Transcontinental Oil.. 14H o Trnnsuo & Wms Steel 40 8 Underwood Typow,...15fl .. Union Oil 28ft 10 Union Pacific 122 J4 4 United Alloy Steel.... 40 .. United Rwy Invest... lift .. Unl Rwy Invest pf... 21 3 United Retoll Stores.. 08ft . . U S C I P ft F dy. . . 14 3 U S C I P ft Fdy pf , . 40 fl U S Food Products... 50ft 8 U .S Ind Alcohol 84 8 U S Rubber S7ft 8 U S Rubber 1st pf 107 0 U 8 Smelt & Ref.. . 59 BUS Steel 00ft 7 U S Steel pf 107 0 Utah Copper 05 . Utah Sec 7 0 Vanadium Corp 70ft o Va Iron Coal ft Coko.120 2 Vivadou Inc 15 . . Wabash Oft .. Wabash pf A 28ft .. Western Maryland... 11 H . . West Maryland 2d pf . 18ft .. Western Pacific 30 4 Western Pacific pf . . 00 7 Western Union Tel... Nlft 4 Wcstlughouso E ft M. 4834 7 Westlnghouse A BrakolOl .. Wheollng&LE 13ft . . Wheeling ft L, E pf . . . 34 4 Whlto Motor 45 Willys-Overland 15ft o Worthlrigton Pump... 01 13M 1ST 10 43ft 31ft ft 74 ft- 1H 30ft 13 30 "H 7ft H 10ft 28 34 7ft 33 3334 80 88J4 43ft 58 70 8ft 11 41 74ft 3094 3334 95ft 79' 48 3ft 45 ft 88 ft B3ft 38ft 10 43K 34 ft 13 24ft 00ft 30 ft 37 30 14 80 3ft 30ft 10ft 00 too 115ft 39 ft 75 10 93 78 84 31 87S 10 ft 37 37 38 14 5ft 8ft 140 51f4 31ft 71 13S niM 2734 oo 003 101ft 73 ft 01ft Oft 40ft .".Oft 30 ft 11 33 05 13ft 45 150 28 131?, 30 10 ft 31 07 ft 14 40 59 83 85 Ji 107 50 89ft 108 ft 03 ft 09 118 15 OH 27J4 104 lHft 20 ft (10 84 ft 5i 104 Uft 24 41ft 15 ft 37 mm A MrH rK I I II II I I III I IBI llllfllll j 1 m MrrrHru m n nn i r ft 1J4 ift ft 2:80 Net Low (NTlm) Chie. 13 i 137 103ft lft 48ft- ft 31ft- ft Oft- ft 74ft- ft 108M-ft 30ft- ft 18 - H 30ft- ft 15ft- ft 7ft- ft K-3 10ft-3ft 2894- H 47ft- 1 S3 1 ns ft V 80-1 88f- ft 43ft- H 88 - 1 70 H it - 43 75 ft 3994- 33K 9ft- lft 70 - N 49 4ft 4 23 ft 45H- 14 89ft- ft 83ft - lft 23ft- 3 10ft- ft 4334 34ft- 1 12 - ft 24ft- ft 00ft ft 3Bft- ft 37 - lft 30ft ft 14 ft ft 80 ft 4ft 3 30 17ft. X 00 ft 100 115 ft ft 30ft- ft 70 ft Ift 10 .. 92 - ft 813 81-1 31ft- 94 87ft- lft 10ft- 27 -38ft -14 5ft 8Ji . 140 83 - ft 31ft- H 71 - ft I3S 14 04 ft ft " p .ivv :.? V.i v.?2twi - New Shares of Rocont Consoli dation Sell at 60 to 58i8 New York., Sept. 8. A new stock was added to the list of Issues traded in on tho Sroad Street Curb today with the appearance of Chemical Merger, representing tho now corporation re suiting from tho consolidation ot liar tlonal Aniline, announced at tho end of last wrcK. Tiin new Biiares were uaacu in at' 00 to C878. The outsido market, generally, was heavy following tho lead of tho trading of tho stock exchange and Industrials nud petroleum shares were In supply at concessions, Indian Packing sold down from D-)i to the new low of 5. United Retail Candy ranged from 12 to 11 and Submarlno Boat was traded in at 13 to 12Vs. , International Petroleum was nulct, selling at 83 and Blmms Petroleum ranged from 18 to 187,. White Oil yielded from 20 to 10. North Ameri can Paper sold at 0, fNDCSTMAI.8 Acmo Cos) Auto Ful , lint-Am Tob coup . Chemical Mercer w 1 ucnarKi Aipnau ,.. t High ', 40V IS , no Gl r'!!!! 14 27 U 0 1 003 8 101 ft- ft 72fi- 1H 0334 ft 10 ft 4034- H 30ft- ft 30ft- ft 13 1 32 - ft 05 lft 13fi- ft 45 - 1 ISO 3-l 28ft- ft 122 ft- ft 30ft- ft 10ft- ft 21 1 07ft- 1 11 ft 40 lft 50ft - ft 3ft ft 3 85 107 50 80, - ft 100 ft- ft 04 7fi- 3t oo 194 120 5 15 ft "H- 94 2794-, 94 11 -' ft 18 ft 2094 - ?4 00 1 81ft .. 4834 ft 104 12ft- ft 31-1 4434- ft 15ft ft 57 - 4ft arpe Ola 24 urape uin pi ;, Indlnn PAckliur nHi norm Am a-aper .,...,, Perfection Tire 1 namo com 2 Radio Com Df n' It J Reynold! B 40 Roy De Prance 5 Submarine lloat is II H High Speea Tool .... 80S U S Steam 2H uniioa iTom wnarmi 1 nucu hpl uanav Wayne Coal STANDARD OILS Ohio Oil 820 320 a Oil or N r 858 887 1NDETBNDBNT OILS Allied Oil 21 SO Ark .Nat Oaa rta 12 VI W"ry oil , WW 1SK Hoono Oil 2V4 2H uusion- v yoming 1 usninir 1 Dominion r.llt llasln nRlneera' Petrol ulrnrock Oil .... auney Cllllesple . Int I'Atrrtl .... 10 1 County Qns .' 1 '4 j-rnnoK uji lroducor A Refiners lied Hock Oil Hin Oil Hkelly Oil Slmme rallied 1'rod Superior Texan Chief Texan Hunger I'n Texas oil Vl.tn.ln fill ....... white on , .' !!;;;; 20 1:13 Low p.m. 3t 24 45H 45'4 12H 10 ASM ftX'i 00U eovi M 2i 3H 8", (I ft 1$ .1 n'i 81) 311 5 5 i:u 12 aoli so 2H 24 1W 14 11 12 3H 3H 320 887 21 12 'sa Wyoming 1H iy, i K Pete (4 tj, ion Oil 7 0iJ 0 iln Pet 0l 11 uH. sStt as 2o IS, 1 "it it i'i 28'4 3.1 M, 24 '-oft 3.1 l I'i N. 20 , a 1U 11 1M. 1U0; SUNINO Alaska nr Columbia .... Alvnrado llonton tt Montana Calumet & Jerome Canada Cop Cona Vlrnlnla Creaion Uold Divide Ext ,, Dundeo Arls l.ureko. Croi.miN . . Kmma Sal b hu Jllnlnc h Kurcka Holly i,C Oolddfld Florence. 11 Qold Zona lltcla Mining Iron Uloteom Louisiana Co MiNnmara .McS'amara Crescent Mother Lode Mother Lode. ncv . . Nevada Ophlr Nlplaslng Ophlr Sllcr Prince Con 1 1 31 1 ft '3 il o ST. 2.". 0'4 Hex Cona S Silver Load . Tonopali Ilelmnnt TonnpBh DIMdo . Tonopali MIn .. United Eastern . Victory West End C . . . BONDS r, 14 1'. 1 li 2'4 n i' is 18U Commodity Markets COTTON MARKET New York, Sept. 8. The cotton opening today was much less activo than yesterday, with first prices gen erally 5 to 10 points lower because of poor Liverpool cables and local nnd Liverpool selling in thle market. Lator tho early lossos were partially regained on spot house buying and un favorable weather news. Private cables said short covering on tie weather news, was offset by liquidation nnd hedge sell ing. At the end of the first fifteen min utes the innrket was unsettled with prices about 20 points under jestcrday s closw. Bought, Sold or Quoted Crew Levick First Mortgage 6 Sinking Fund Gold bonds of 1931 Empire Refining First nnd Collateral Trust Sinking Fund Gold Bonds of 1927 Empire Gas & Fuel First and Collateral Trust Sinking Fund Gold Bonds of 1926 Henry L. Doherty & Company 604 Morris Building Philadelphia, Pa, Tclrphenei locust lilo ;yuY Iibh no Investor over lost dollae r of principal or Interest on nay ssea. rlty bousnt of 0. v, Straus 4 Co.T WrlU fer joar lpoUet X-Q nnd lcm the rtaiaa S. W. BTRAtJS & CO. tip JWfcS JUdeT. yZHIUljBl4 1 Ara Str . 'lft lOfHald ho pref . . IIS n."i Prill J G. -Ml 1ID3 niec Stnr.l2Sa. 11 I Co N A J7a 70 Key Tol.e I) 00 do t r pf 211 i 04 Leli Nnv. TiSm 10 I.eli Vol.. 40 401 Pa It U.. -V.i 7 Pu Salt. 0.1 00 Phlla Ins wire .. nnH 120 PhllaKlrc 22, lOPhilaRT 14 V4 .r.O PhllnTrao fiO lOOtShell Trn C3V3 r Tono Del. 2 85 Un Trac. 21 lriMUG I... 40 SO do pref. GO I-ow 10 I 30 r m. 40 Net ChKB 118 08 :i7Vi 40 128 128 27 18 Vj 42 or. 2V-1 27 4 0 .. 2DVj V. 48- i 42 . or. . . Of tM'T Deer mi" i .lanuarv March Julv nui Tfest clone 27 00 20 20 2 SO . . 24 03 24 ft Onnn 27 110 28 10 2 30 24. 85 23 00 (N T 11 130 n m 27 21 2", 40 21 SO 24 05 tlmol 1'30 ti m. 20 32 25 37 2(1 U0 f.l4s 21 MV. no o 21 40 no 24 141 no GRAIN MARKET rhinigo. Sept. 8. A fairly substan tial seromblo to buy wheat caused a ntrntirr tnnp In the eorlv denlings today. Deeember at the opening ranging from ' W 42 to $2.43. an advance of ii cents, I nnd March selling nt ?2.nn, n gain of ' about 1 cent. There wns competitive ! buving bv receivers of wheat nnd houses with eastern connections, which led to a , belief that an export demand wan ngain developing. Tho selling wns chiefly by locnl professionals. ,..,.. I Advices from the Knst htatcd that lornl exporters ilirt not connrm ine reports of a. demand from abroad. Many 4. XL operators wer nniiiis v '- - i? counts Jjccause of the fact that me gov- errimcnt report wns uue niier inc '"" !?i'K'teisww win, last, buHinr?. rzrzTJK . npuiinn inui- invt. ' - . - - the spring wnent crop ihmu iiioi. woun sale on New Turk Stncli Huhaiut Hale In IlOMlH 1 30 1100O Hlirti Ixw p m 1 City Is 3010 87' . S7.. S7. 2 Elec & Peo Net ehiri r.2 00U .ri2 . !)0,. Tr 4b. 2 Mi Val 0s. 0 Lib Ponds 3d 4i;8.. 2 4th 4As.. 8r..r,2 85.r!2 85.32 .14 II VIC VYil i. 'rop 7 Nat'l Pi 4-6s 1 Penna tt tt temp ctfi 103 1 Phlla Elec 1st 5s 80' nm, 88.00 S8.B 188.84 .10 85-12 85.32 85.32 .14 1)5.40 05.38 05.88 .10 S S 3 .. 103 103 .. 80U, SOVj-1'4 Bond Men to Meet The flm fall meeting of the- Hond Mon'o Club of Philadelphia will be held on Tuesday evening, Heptember 14, when nn Informal rllnnor will bo hold at tho City Club at 6-30 oVlock Speakers will bo Samuel H. Barlcar, who will speak on the Philadelphia Tlnpld Transit Co. and lTtancIs F riurch, chairman of flnancft cotnmltteo of Philadelphia City Counon, who will Bpeok on Prohlerrw of City Financing." Accommodation, can only bo made for thoa who make res ervation ia nlvanoe. The buying continued good after the early spurt, nnd prices wjvnnccu inr ther before the end of the tirst half Corn was higher this morning. Sep tembe? selling at $X.B8 to 51-. nn advance of c, and later moving up to J1.30; December opening nt 51.-1 to $121Vi, n gain of Vc, and then ad vancing another half, and May belling si 1RU,. nn unturn of He, with a I subsequent advance to SI. 10. l.cncllng cominiiii buib " " tho buying side, whllo tho selling wns mainly by ono or two local profession als. Tho now buying wns believed to b0 based on reports of rains, which wero expected to further retard the ripening of the crop. Thcro wns some short covering, Onts were steady to firm. September oponed nt 03Vlc. unchanged, nnd then rose to 63c; December nt flSUp to W.c, a gain of c, Inter belling at 050ic, and May at OSVic. unchanged, with a subsequent upturn in proportion to that In tho other months. Trading was very light, and the de mand was only moderate, hut belling pressure wns entliely lacking and the binall buying orders wero sufficient to put Uio market higher.- Leading future ranged aa follow . (Chicago time) Corn (new delivery) 10:80 Yest. Oben Hlh Taw a m. rln. Sept. ... 1.38)4 1.40H 1.07U 1.40H 1.87. ueo. ... 1.21 1.23H 1.20H 1.23U 1,204 Oata Bent. . . nan ntL Den. ... ooii SOU Oct. ...23.2S 'S3. SB 28.20 38.33 20.60 I.ard Oct. ...10 IS 18 20 10.00 10.20 10.17 Jllbs Oct. . 10 37 18 87 10.1010.80 10.87 Bid 1.20H 1.23V T Silt 03U 03 FOREIGN EXCHANGE Nmr York, Sept. 8. Opening quota tions for foreign exchange showed fur tholr weaKnesseo In the principal Kuro pean exchanges, francs, lire nnd Bel gian francs manifesting the sharpest de clines Demand sterling was off U cent. Marks woro oft 5 points, nnd guilders W cent Quotations were: Demand sterling 3.53U, cabled 3 54, franc cableo 0.74, chocks 6.73 ; lire cableB 4 31, checks! 4 80,i : Bolglan cables 7 18, chrcka 7 17; Swiss cables 10.44, checks 1C39: marks 1.88; peseta cables 14 80, checks 14.87; Stockholm cables 20 16, chucka 20.10; Chrlstlanln cables 14.40, rhecks 14.35; Copenhagen cables 14 40, cluclts n.35; guilder cables 31, checks 31', YESTERDAY'S FINAL QUOTATIONS Sterling Krancs Lire Outliers DemKnd . 3.B8U fl 7S 4 S.1 81 70 Cables . 3.84Vi 0.80 4.B7 31 80 TODAY' 8 OPENINO QUOTATIONH Sterling Franca I.Ira autlders ,. 3.83ll 0.78 4 80 31.80 8.M 0.7 4.31 81 03 NOON QUOTATIONS. Sterling Francs , . . S.OSjf II 7S ... 8.04H 0.70 Financial Briefs Demand Cabloi Demand f ables Lire. Qulldern 4 8.1 11. M 4.8(1 31 tid MONEY-LENDINU RATES NKW YOltK Money on call, both classes of collateral, opened today at 7 per cent for lending mid renewing PIIILADKI.PIIIA Call, G per cent; time, 6 per cent! oommorclal paper, three to six months, 0 per cent. (Note These are merely nominal quotations, as the legal rote of Interest In tho etato of Pennsylvania1 Is fixed at 6 per cent. Pluo premium and commis sion tlmo money for thirty to ninety days is loaning at 8 to 8V4 per cent, whllo commercial paper from threo to six months Is being Offered at 8 to $ per cent.) BANK CLEARINGS Hank clearing.! today compared with lor respondlnc day laat two years' 1020 -101D iota rhtla .. I07.4SS.80S l74.043.0flR 00 70H.B87 Uoston . 67,183,010 68,122.015 10 812,883 D. & H. Asks Permit to Issue Bonds IVanhlnirton. Sept. 8 Thfi Delaware and Hudson Railroad Co today asked the Interstate Commerce Commission for permission under tna transportation act to Issue $8,476,000 In first and re funding mortgrttro r14 bonds. Quy C. Boll has been appointed title olTlcer of the Ninth Tltlo and TruBt Co. of Philadelphia. The company expects to bo open for business on or about Oc tober l. The average price of twenty active Industrial etockn advanced o.le per cent yesterday to 88.21, while twenty rail roads declined 0.09 per cent to 78.79. fT492 oonWfrI?nrl,h s"btr,oa''ury gained f. 0,492,000 from the banks on TueBday ffiuOO "et Eal" 8lnC0 '"of rruiiK j Williams ,as hecome con- tojM o3 A,!"o .,rpVu,fi,i 412 pounds of lead. 34.001 ounces of f(rbnml ,40,r ?uncw f Bo'd In eight months ended Auinit 31, last, the com- nnL B'157;3J1 Pounds of lend. 240,543 ounces of Rv,r nnd 3142 ounces' of UnIlrth',n'rlwrm,Snth!, cnJe1 June " th LniiPd nniK Co loportB not nroflts after taxes, of $2,587,505. After 1": ff"f' hlf ear'B dividend on tho llrst and second preferred tocks ca ling for $000,172, there remained nTmi net earnings of $1,987,442 applicable to ner hmem0n T,hl8 J" 'nulwlSfi to $0 82 ,M on tho $29,098,700 (flOO pa? value) coniinon stock outstanding MORE COTTON GINNED Total to September 1 Was 367,241 Running Bales UanhliiRton, Sept 8 Cotton Binned nrrW"Zh?r l mountednto8l387e, ,,nJuSninB .bi"C3, Including 21, H3 u" ba'". tho Census IlSreau an- rtr,1BSny,n,,Hflr8tB,nninsrri dinning to September 1 Inst irar 5hSiw,e',,!? U2Mr' running bales' "nl ?enr ,n l.nj' ,01n"lm' '' states this yenr to Hejitember 1 woro i,iita?,Vllillii ArkansaB. 30; Call irTJo'. ""i Florida, 117; aeorgl", cj:,;i, ,"' ,, """1. ulnm, a.t -"' aiuuiiu, oUa ; Tennessee, Texas, 344,019; all other states? 317 0; NEW YORK COFFEE MAriKET New York, Bent 8, In tho absence- of pmclnl cables from Brazil, due. to n holiday there yesterday, tho local coffee market opened dull and 4 to c nolntS higher with call transactions confined tn a few lots In December. There wera In. dloatlons that Europe, was again a seller In this market. "tr September ijerember March HI y nid Vent cIomi 8 02M0S R.R2WI1S o.innn . 0 C0W31 ,, -V Y time) s nuftT innw2o "d'at 33f40 !) 41 BAR 8ILVER d?t"1id?rofid?U0tf(1 ,n Und' . nerlln 4s Great Ilrllnln in . Allied 1'ncker 0a oni. . m iJT einiDur ta Columbia Ornph 8s Goodrich T 7s .... Inter nt 7 N Y Central 7a . . . Seaboard Aa Sinclair 74 Tejaa Co 7a Western Elec 7a . . . onU 90 2H ui 1 1.1 87 !. Va 3 ' 31 I oA 14 3J J S' 23 U'i N fl'"' 14 1'k 119 i'; IS Jo?. I)5' on D2W III 1 20 PS 13H ,1V' 1H 11 1(1 194 1 ia',4 68 3 1 81 1 3A s ,!'' 3.' 4J lfiOVi 100 . 34i 34S . no'; on 09 08t 08? 03U 00 ST4 23 4 0 14 Ml I'm & 11 1 IS lflU n.vi IPO 9!iH 114 inn ',4 n4H nou 08 uss THINK LOAN RATE TOO HIGH French Figure Interest on $100, 000,000 Issue at 0.42 Per Cent Purls, Sept. 8 The French proBS re ferring to the new loan to bo floated by the FYench Government In tho United States, comments on tho rate of Inter est to be borno by the $100,000,000 Issue, uhlch, with the charges and premium, Is calculated nt 9 42 per cent. This, It Is noted, nppears very high to the French people, unacquainted with the money situation In the United States. It Is not unreasonable, however, tho commentators explain, when compared with tho average Income from securities, with tho hank rate and with tho Interest cnargea ror recent, loans In Switzerland nnd Belgium. LONDON STOCK MARKET Trading Firm In Spots Home Ralls and Industrials Steady London, Si-pt 8 Thcro wns firmness in spots on ino siock exchange today Oil shares wore again buoyunt with Shell Transport and Tiadlng and Royal Dutch leading on buylnir from Amnter. dam. Rumors of probablo transfer of control or mo nneu i o to Amsterdam aro not credited here Shell Transport and Trading waB quoted nt 7 13-1C, an advance of 6-16 Royal Dutch was 76 Vi and Mtxicnn Kagle 11 9-1 G Qllt-edKed securities vera firm nn,i there was a steady tone in the home rails and Industrial Issues becauso ot tho brlghtor labor outlook rumors being In circulation that a settlement of the com irouuiei wun nrooame Advances wero recorded In the Afexlcan Ibsuc. Kaffirs were chcrful. Rubber shores were dull, due to the decline In tho staple. Hudson Boy was quoted at 6H LIVESTOCK QUOTATIONS ,S.'Pt ,H, "OOS Hec.lnts. Higher Ifenvle Jin hVavv I'ltuborah, 1300 hean nrkara. 117 10 715: ii Iks. tlB.7nlfl. B1IBRP AND LAM1IH Receipts. BOO heail Lower Top sheep, 18 B0, top lambs, tl3j caLvks Top, IIP. Receipts. B0 head .Steady, Hast Iloffnln, Sept h CATTI.K Re. celntH, 400 head Frilrly octhe and steady ioTi'S"- 380 "ta1 AC," " 1IOOS Ueoelpt" 2000 head Active steady Heavy. tlOWlOBO mimed 11(1 7aw 17 10; yorkers J1717 23 lluht vnrhVr, llit iie7' "- ' -- - wio stags. 18ri0 HIIEEP AND IVJinS Reeelpte head. Active and steady Lambx 1400 IS ib noi veariings, iootos wsthers. 17 soraii ;uf7i mixea sneop. I7JP7 so, eves. S cent DIVIDEND8 DECLARED II Kress A Co. ouarterly of Hi nrefsrred. ravahle 01- Ia':! fiteeb nf rvfnrA fir,lmmw OA ' St 1 per Louis. Rocky Mountain and Paclfte Co cent on common nnd nn.,i.,i.. I. v.," per cent on preferred, both payable Berit.m "A-?." to tocfc of rsoord Heptember iPUm- nf115KC,lr nol,, ,T'"I Co , quarterly of t.7B on preferred, payable Oetoliie 1 1 !i stock of .record September 13. OCU)tr 1 to iniiiornia reiroieum Corporation terly of 11,70 on Preferred. pjy,b,n' 1 Jo stock of record Septembar SO 1 run tin Ar.wm n.u.l.. .v.. QUlr. October ouprt.;i7of "ivrtTSZ "o'n !?,.5M -C. - 1 IrtnhM 1 tn ,l.,l.l..ij."",., f- .-...v,vla vf able October I Sentemlier IK. reeord jonn T Connor Co quarterly of ea -.. on common, rnyabls October " to atnei?"!. record September 20 '" ",ock of Keily-Hprlngfleld Tire quarterly nf it ,n n per cjnt rreferred. payable OctofcV,5? to.'M1 "f 'word PeptemU? an r J nmgari nyitem, Irie , quartirlv .1 cents on flret preferred. 2(5 cents in lJii'i1 "' oenis on common, payah . nAv."" k U etock ot moom aiptijaber 30J -tober "rv. un rue pun, i in has nt. the ritat ther a.l ..rortfthe tenfmtlvV drSft.'ifll'lt'e. tiderBlodA. tbat ,tho -who cotiUtti M Deed Invalid, Signed by Unconscious Peer LONDON Jun 2. Justice Jve of the Chancery Dlvlaion of the 'HJirh Court tO'day decided tthtt' ajfledj slarned by the lat Baron Jdlohelbim just before hla death, in January, 1B10, providing for an income of $100,000 annual) to his daughter-ltf law. .the present Lady. Mlchelham,.B Invalid. The' doct6r and nurses attendlni ik. U4i nooH 4asrllMit ! Va. .T I M LIID W ww...v w.a.., fllCT BTMB . I be unconscious at the time .the leed .was r&g Biveui WmM AVOID contests over your will A or the settlement of your estate by making your will now while you are in good health. Assure yourself that your wishes in regard to bequests to your family and near relatives will be carried out by setting aside funds for them now in a volun tary trust. Let us send you copies of our booklets, "The First Step in Mak ing Your Will" and "The Vol-' untary Trust". Commercial Trust Company City Hall Square West Member of Federal Reserve System Congoleum Company Save $13,846.85 by Credit Insurance The ConeoIcunvCompany of Philadelphia are familiar r;o everyone as the manufacturers of a world-famous floor covering. This progressive concern recently had a protective experience with the American's Credit In surance They write : "We acknowledge payment from your Company of Thirteen Thousand, Eight Hundred and Forty-six Dollars and Eighty-five Cents (813,846.85), in Interim Payment of a loss we sustained on one of our customers who had, at the time the goods were shipped, the very highest rating. "By reason of your Interim Payment Policy .of Credit Insurance, we are able to place such amounts as we collect under the Policy into the active working capital of our business, and the Policy to remain in force until its expiration, for any further losses we may possibly have thereunder. The service of your form of protection is of great advantage to us." Manufacturers and wholesalers, an inquiry will bring you full particulars of The American Company's In terim Payment Policy, without a bit of obligation. Paymtnts to Policy holder t about $10,000,000.00 "AMERICAN CREDIT-INDEMNITY CO. of NEW YORK E.M. TREAT, pksioent ISSUES STANDARD UNLIMITED POLICIIsS W. J. MORPHY. Manocor. J. F. McFADDEN, Gemcral Agent, Mutual Life of N. Y. BId. Phone Filbert 5503. Philadelphia, Pa. Jlii ,BMI,.eA TSBBEBBBOm nmm'iaMx The World Must Have Paper Canada is one of the few countries that can supply the demand. Big industries, drawing on Canada's vast re sources of timber and water-power, havo been built up because of that demand. oenVnnCnPn0nssi,Iitics of the Industry (despite the $107,000,000 Export Trado in 1919? have barely been touched. r!lL foI 2 copy of our c"n-ent edition of In vestment Recommendations. JLrl"3 a I,.8t of conservative Canadian in rSM tB2 rencrc1 dubly attractive to AmerJ- AmerK funds? f th prCmIUm AGENCY OF Royal Securities CORPORATION (CANADA) . 1 ft LIMITED I B 1!5l?OADWAY NEW YORK Jj - " " -n g ii MR 1 IIU5 in Seaboard Air Line 0, 11 IjpolsTllle Oas 4 Kleo. d, 1M5 rUnn. Itltlunonrt A rt WsrneH lni !Sln ihtatee Use fai. "S. lrTil (Ipns. Trae. N. J. Be, joss ' l031 Mobile rittsbii airi.'0D. iw., IMS e una 01, 11134 , ..U..U .8 lref. letrolt Pref, Corp, n i'n Morton Lachenbruch & Co. uPf Jtms iii,nn viuu.. NEWBURGEH, HENDERSON & LOEB tlmbr iVw York ' Philadelphia Block Ettoluinil mo Chestnut &. Frederick Peirce ob CC CO. wn Ut OWtaj . thlH$UU ' , i-JiWlK tt.'-Sg I'l'f,''" bitfi- WaHi' -
Significant historical Pennsylvania newspapers