Evening public ledger. (Philadelphia [Pa.]) 1914-1942, September 20, 1920, NIGHT EXTRA, Page 20, Image 20

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SVENING PUBLIC EDfr-; ?HILADJELPHIA, MONMSIW ;2Q MW
4 : 1 Ia-i. n '- : : '-H-. ." ' ' ' '" - . f-S
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QROAD AND 8ANSOM 8T8.
PHILADELPHIA
45 OROADWAY, NEW YORK
19 SOUTH ST., BALTIMORB
27 1BTH ST.. WASHINQTON
LEADERSHIP STILL
HELD BYTHE RAILS
Forward Swing Sustained De
spite Lagging of Some of
the Industrials
NEW YORK STOCK EXCHANGE TRANSACTIONS
mmmrmmmmmwsMWM
. Philadelphia Plan
Pacific Fruit Express
79e Equipments, Due 1D27
Guaranteed principal and Interest
by the Union Pacific- nnd South
ern Pacific Companion.
These Equipments are Issued by
the Commercial Trust Company,
Philadelphia. Trustee. Secured
by title to 16,421 refrigerator enrs
'now In sen-lce on tho lines of
thy Southern nnd Union Pacific.
Price to yield a return of 6.809e
Further particulars on
application
Established 1895
BIOREN & CO.
410 Chestnut St.
Member New York nnd Philadelphia
etock Kiehanse
Eimnnmiimrai
IK
Cleveland. Ohio
Funding 6 Bonds
Cleveland it the largest city in
Ohio and the fifth city of the
United States. These bonds are
exempt from the Federal Income
Tax and are a legal investment for
Savings Bonks and Trust Funds in
New York, Connecticut, Massachu
setts and various other states.
Price to Yield 5.70
Complete information on request
Harris, Forbes & Go.
Pine St. Cor. William, New York
imiii.ii:t.hiiia ofi-ice
WIDENER BUILDING
Now York, Kept. 20. The week,
opened with n strong and fairly broad
stock market today with the railroad
nml oil shnrei tho prominent attrac
tions. The news over the week-end ap
peared cncournclpir, although not par
ticularly Important. Then was like
wise little In the day's developments In
the way o( novelty, but the temper of
1 speculation favored a continuation of
tlm forward swing and. In consequence,
n number of recent active leaders broke
Into new high ground for the current
movement. The bear crowd were
'plainly In distress In different parts of
uie list and tno runner rounding up
of this element who overstayed their
market unquestionably furnished the
motive for the vigorous upblddlng of
prices In these quarters.
Those behind the constructive move
ment appeared to find a great deal of
encouragement in tne lavoraDlfl snowing
of Saturday's bank statements, which.
were accepted as foreshadowing a
further mutcrlal easement Id the mone
tary situation. This belief was partly
confirmed in the fixing of the renewal
call loan rate again at 7 per ceut, as
well as in the reported freer offer
log of time funds at 8 to 8lj. Also in
the firmer tendency of forelirn exchnnffo.
As the. day progressed It was evident.
mat me une or. cleavage between 'the
railroad and industrial dlvlslous was
again being tightly drawn, for, with the
exception of tho oils, the Industrials
showed a conspicuous tendency to log,
ami at intervals were strnnalr Inrllm-il
! to be reactionary. There was no weak
ness, however, except in the case of
I Central Leather, which was adversely
affected by the reports of a possibility
of the divided being pnsscd. In the last
I statement the company showed n
deficit after charges of $1,708,802 for
the first half of the current year.
Halls and oils governed the active
trading during the most part of the
morning; on the other hand, steel,
equipment and shipping shares showed
comparative neglect. The conlers
again assumed the leadership of the rail
group, with Heading in turn leading
mat division, and getting within a
shadow of 1)7. At the same time Itock
Island, Erie, Missouri Pacific, Texas
and Pacific, Pittsburgh and Western,
Lake Erie and 'Western preferred, Wa
bash preferred, Kansas City Southern,
'Tcre Marquette and Ontario nnd
1 Western were added to the prominent
I minor transportations at gains of 1 to
1V points. Toward mid-day there was
a reshiftlng to old-line leaders, such as
i Union Pacific. Southern Pacific and
t Norfolk and Western.
In the meantime the shorts had a very
uncnniioriuuie time oi u in .Mexican r c
trolcum. and the ranld unblddlne of this
specialty lent n stimulating Inlluenee In
some of the lesser oil shares, particu
larly Middle States Oil, Houston and
a few others.
Increasing pressure against the steel
and leather shares tended to make the
price movement more uneven In the
early part of the afternoon, but failed
to May the rising trend in the oils and
rails, which were later joined by tho
sugars and a few specialties such as
American Writing Paper pfd., Ameri
can Can. American Woolen nnd United
Retail Stores.
BROADER TRADING
. . IN LOCAL SHARES
Sales
109
let)
300
3W
tftt
too
500
200
100
100
100
400
300
aoo
100
800
1100
100
700
100
100
110
loo
soo
200
100
? 400
000
1000
300
00
lto
400
100
100
Ulr,
in
ltlfh
. , Adams Express...... 37
.. Alaska Gold Mines... 1
1 Allls-Chalmeri ........ 31 J4
8 Am Beet Uurnr..'. ... 88
10 Am Dosoh Magneto,,. 84U
4 Am II Shoe & Pdy new 85 K
. . Am Can 37y
12 Am Car & Fdy 1.14H
80 Am Drug Syn 10
0 Am Express 18
.. Am Hide & Leather.. 1114
7 Am Hide & Leather pt 7lM
0 Am Internat Corp. . . . 1811
3 Am Linseed 70 Vi
7 Am Linseed pf ...... , 80
0 Am Locomotive 87 Ji
.. Am Safety Rator 10ft 18U
Am ship A Com 20)4 'fit
2:30 Nt
Low (NYtm) ens
4 Am Smelt 4 Hef 81
a Am Smelt Sao A -7iy&
3 Am Steel Foundries. . SI
7 Am Sugar Iter 113)4
10 Am Sumatra Tob 81)4
8 Am Tel A Tel aSft
20 Am Tobacco HOfi
20 Am Tobacco D HSU
7 Am Woolen 83ft
. . Am Writing Paper pf 80
4 Anaconda Coppor 54 r,
.. Assets Itealttation. ... JJ4
Atch Top & Santa Fe 84K
5 Atch Top ft S E pf. .-. 11
. . Atlanta Qlr & Atlantic
7 Atlantic. Coast Line... 91
10 Atl Quit ft W I S S..1M
7400 s.SO Ualdwln Locomotive. .IHft
37 K
i m
$ ih
7H H
131H- W
10
118
lsU 131. - tt
MVS 7U4 K
71K 77H- y
8 881
7H 34
1U 14
H 14
37
3tH
83 K
84 K
M
3H
134H
It
138
87
Tractions and Rails Were
Features of Strength at
Higher Prices
OREGON and
CALIFORNIA R.R.CO.
First Mortgage 5 Gold
Bonds
Due July 1, 1927
Guaranteed principal and interest
by the Southern Pacific R. R.
Company
Mkt. to yield about 7.40
MOORE
LEONARD
& LYNCH
CUSHMAN NEWHALL
MAVAfiKR
J429 WALNUT STREET
l.onrncro IIIiIr,
New York I'ltlxhnrch
ill frtrk
llrouihMD Ilulldlnc
MKMIIEIIS
NI1W VfUlK I'llM.lDKIPHU Ar,
1'iTTSiirnan stock ExrjtAvors
The new week started with a broad
and active local market. There was a
decided increase In the volume of deal
ings, while the tran'actlons were more
diversified than witnessed on the local
market In many months. This, of
course, was largely due to the number
of so-called New York stocks which
were dealt in nnd the appearance of a
number of usually obscure Issues,
In the usual octive list the heaviest
dealings were in Philadelphia Ilaptd
Transit, which changed hnnds in con
siderable amounts at an advance of 1'i
at 14. Union Traction, while hav
ing n much smaller turnover, also im
proved fractionally, while Philadelphia
.Traction was notably-firm at par. Ap
parently tho Improvement In the entire
group was due to the intimations of the
likelihood of a compromise being reached
this afternoon between the Union Trac
tion and Philadelphia Rapid Transit
directors on several . questions upon
which the two boards have been at
loggerheads.
Next to the tractions the railroad
2400
.ISO
700
100
170O
300
130
200
300
100
400
100
400
8400
200
14300
100
3200
100
800
2700
13000
1S00
0000
3000
100
100
31500
800
1300
1000
800
300
200
200
2100
2000
100
400
500
aoo
too
4700
000
700
8.100
100
200
1100
100
2800
4200
COO
100
30100
8800
2400
400
100
100
400
800
200
100
100
soon
300
400
loo
1000
100
20
1000
4000
800
100
n 200
soo
100
r aoo
pi 2500
- 100
1(0
z oo
00
100
3100
1700
4300
0300
3400
200
100
300
1000
4.00
400
' 200
2100
IlaJtlmoro & Ohio.... 48
4 Baltimore & Ohio pf. . MH
.. Bethlehem Motorsa.... S(
8 Bethlehem Steel 8 pfloi
A Bethlehem Steel B.... 78)4
.. Booth Fisheries 7H
. Brklyn II Totfs of dep 7
.. Butte Copper & Zinc. 74
.. Butte & Superior Cop. 20 H
.. Butterlck 11H
. . Caddd Central Q4H1I
California Packing... 87)4
.. California Petroleum. . 31
10 Canadian Pad lie 122 J4
.. Caso J 1 10
8 Central Leather 81ft
7 Central Leather pf... 84)4
4 Cerro do Pasco Cop. . 45)4
4 Ccrtaln-toed Prod.... J4
10 Chandler Motors 88
1 Chesapenke ft Ohio... 87
Chicago & Gt West. . . 12)4
2 Chicago ft Qt West pf 2t?i
.. Chicago Mil & 8t P.. 30)4
.. Chicago Mil ft St P pf 8)4
8 Chicago Northwestern IS'i
8 Chi Pneumatic Tool.. 84
.. Chi It I ft 1'ac 30 M
fl Chi 11 I & Pac 6 Pf
1 CM II I 4 Pac 77o Pt 80
.. Chile Copper 15)4
1.S0 Chlno Copper 2SK
4 Coca-Cola 3J4
5 Colorado Fuel & Iron. 35
.. Col & Southern 20)4
S Columb Oas & Klec... 80)4
1 Col Graphophone 24 Ji
7 Consolidated Cigar... 75
7 Consolidated Gaa 81)4
2 Con Interstate Cnl M. 10
3 Consolidated Textile. 31)4
I Continental Candy, ...11
4 Corn Products llcf. ... 0)4
7 Corn Products Ref pf. 101)4
2.50 Cosden & Co 41
3 Crucible Steel lSlW
7 Crucible Steel pf 83 H
. . Cuban Cane Sugar. . .. 41
7 Cuban Amer Sugar. , . 45)4
.. Delaware ft Hudson., 188
. . Denver ft Rio Grande 8)4
.. Denver ft Itlo G pf... 0)4,
. . Klk Horn Coal 24
5 Emllcott I-Johnson ... 71 ?
. Erie 32
.. Erie 1st pf 2K
. Erie 2d pf 22H
s Famous Players L.... 73)4
8 Famous Players pf. ... 88)4
. . Federal Mln ft Smelt. 13
3 Flsk Rubber 26)4
. . Freeport Texas 24
Gaston Wms ft Wig. . 8)4
6 General Cigar 65
7 General Cigar def pf . . 82
I General Motors '22
0 Gen Motors 6.pf.
8 Goodrich' B F
4'GtiNor Ore ctfa....
7 Great Northern pf . .
. . Guantanamo Rug Co
. Gulf Mobile ft Nor.
4 Haakell ft Barker Car 71)4
.. Houston Oil Co...... .12034
1 Hupp Motor Car 16
Hydraulic Steel Co... Sljj
7 Illinois Central
60 Indlahoma Ret
Indian Refining Co..
4 Inspiration Con Cop.
. . Inter Con Corp. . 1 . . ,
Inter Con Corp pf . . .
5 Int Agrlcul Corp pt.
Int Mer Marine ,
6 Int Mer Murine pf . .
7 Int Mo Truck 2d pf.
International Nickel.
uu74
55
34
70)4
1$4
12
0
7K
16)4
40 H
4
12
84
25 H
70
62
10M
Inter Paper 83)4
Invincible Oil Corp... 40J4
. Island Oil 6Ji
Kan City Southern... J2J4
4 Kansas City So pf . . 47
Kelscy Wheel C3
4 Kelly-Spg T 77
2 Kmnccott Copper. ... 20
1.20 Keystone T & R 7Jj
6 Lacknwanna Steel.... OHM
. . Lake Erie ft West 14
. . Lake Erlo & West pf . 26S1
A100 3J0 Lehigh Valley 50)4
1400 2 LoeWe Co 22
S)V
74 H
31
113)4
8W
120 k
123)4
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77
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107
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81
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83
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105
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os
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Sales la
100
200
180
506
608
180
aooto
High
Loft Corn 14V4
7 Louisville ft -Nashvmel03H
10 Manatl Sugar ,.'...104
. . Maxwell Motors, 0
. . Maxwell Motor 1st pt 10
. . Max Mot 1st pf ctfa. . 18
It Mnxti-An Petrolsum. . .186
61M l.to Middle States Corp... 1SH
i 8 Miami Conner aon
4 Mid vale Steel ft Ord, . 50 )i
, Mo Kansas ft Texas,. 7)4
. Mo Kansas ft Texas pf 13)4
. Minn ASt Louis 18H
. Missouri Pacific! 38)4
. Missouri Paclflo pf... 40)1
, Montgomery Ward.,., 33H
3 Montana Power 63
SAO Ht
Low (NTtm) Clur.
3500
(00
308
J 006
6106
i860
71 k 2)4
37 - )4
113)4 ..
8114- IH
tm IK
mr,- a
123)4 3)4
83)4 14
58H 14
1H H
3H- a
8454 H
77 X
8
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45 U
16H H
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107 H
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7
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20H H
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1
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66J4 H
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306
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3369
1566
4606
60s
269
(99
36649
3899'
I8O9
199
1700
909
loo
399
20Q9
200
009
140-
35199
3609
109
(99'
4999
990
8309
200
309
3600
1663
199
299
700
409
4100
3609
390
100
2799
4590
lit
999
17599
300
300
309'
1200
7000
9000-
Nat Aniline A Chem.. 83)4
7 Nat An ft Chem pf . . . 8s H.
., National Con ft Cable .8)4
Nat Cloak A Suit.... 37)4
14)4
103 K
194
814
IS.
IB
1MH
18)4
39
'49H
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13
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38
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93H
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42 H
34)4
20)4
- 48
M
37)4
18)4
83
16
38
37
07)4
33 H
ni)4
Nat R R of Mex 2d pf 6
1 Nevada Con Copper, . ISM
..NO Tex ft Mex (9
5 New York Central .... 77
. . New York C A St L, , 49
. . N T Chi A St L 3d pf (7
3.60 New York Dock 38
.. New York N II ft Jli;. 86
1 New York Out ft West 33
7 Norfolk A Western... 97H
6 North American ...... SO .
1 Northern Pacific 80 J4
8 Nova Sotla SAC..., 48 H
89 Nunally Co 14i
3.69 Ohio Fuel Supply.'... 49
40 Okla Prod ft Hef 44
.. Otis Steel ,j 3K
.. Orpheum Clrtult i 28$4
4 Pacific Devel Corp... as)?'
i Pan-Amer Petrol..'... 88JJ
6 Pan-Amer B '. ... 89
4 Parish' A Bingham... 28)4
.. Pcnn Seaboard Steel. 31)4
3 Pennsylvania R R. . . . lift
. . Peoples Gas Chicago. . 344
.. Pere Marquette., 37
. . Fere Marquette pf .-. . 48)4
5 Pere Marq prior pf . . , 81
.. Plerco-Arrow Motor.. 39
.. Pierce Oil K
8 Pierce Oil pf 8S
1 Pond Creek Coal 16)4
,. Phillips Pet 38)4
8 Philadelphia Co 31)4
s Pitts Coal 604
. . Pittsburgh ft West Va 33)4
8 Pressed Steot Car. . . . 07)4
8 Pullmnn 11354 "354
4 Pure Oil Co.;.. 1 40 38)4
8 Punta Alegro SugHr.. 81 10)4
8 Railway Steel Springs 96)4 OS
1 Ray Con Copper 10)4 KJ4
4 Reading 0954 ,,05)4
3 Reading 1st pf 7K 7
2 Reading 2d pf '40ft 49)4
,,. Remington Typewriter 5H (8)4
.. Replo Steel 4.. i..83)4 ,.81H
0 Republic Iron A Steel. 84 H3)4
.4 Republic Motors 3054 -27)4
5000 8.20 Royal Dutch N Y.... 88)4 87)4
4900 .. St Louis San Fran... 2854 38)4
3500 .. St Louis Southwenti.. 31)4 31
200 .. St Louis Southwest d( 4254 'A
400 1 Santa Cecelia Sugar. . 15 - ' 14
000 .. Saxon Motor ,., 0)4
000 . . Seaboard Air Line. ... 8)4
200 . . Shattuclt Arizona. ... 854
809 '.74 Sholl Transport....... 5154
27200 1-. Sinclair Oil 35)4
18800 a Southern I'nclfla 68)4
33200 .. Southern Rail 30)4
000 fl Southern Rail pf . . . . . 03
10 20 Standard Oil of N J.. 050
500 7 Stand Oil of N J pf. .105)4
200 4 Stewart Warner Sp.. 33)4
SOO 4 Stromberg Carb 75
9800 7 Studebakcr 00)4
500 ,. Superior Oil Coi-pn... 20
103 0 Superior Steel 54
40S .. Tehn Cop ft Chem.... 10)4
16709' 3 Texan Co 5354
430ff .. Texas ft Pacific 39)4
800 .00 TeXon ft Pac C & O.. 43)4
600 .. Times Square Supply. ,3154
1700 0 Tobacco Products 68
1700 .. Tol St L West ctfs... 15
500 . .. Tol St L West Ctfs pf 21 &
5000 .. Transcontinental OIL. ?
200 a Union Bag ft Paper. . 87
3700 . Union Oil 30)4
5100 10 Union Pacific 17494
200 4 Union pacific pf 0554
200 . . United Rwr Invest..'.' 11JJ
800 .. Unl Ttwy Invest pf. ..2054
0800 3 United Retail Stores.. 71)4
3700 . . U S C I P ft Fdy 15)4
100 5 U S C I P ft Fdy pf., 41
2800 BUS Food Products... 61)4
3707 8 II S Ind Alcohol 8756
100 7 U S Ind Alcohol pf.. 9454
1100 ..US Itualty ft Imp.
2000 8 U S Rubber
300 0 U 8 Smelt ft Rcf :. .
H
J00 8.80 U S Smelt ft Ref pf,
7(1
1754 54
0854- 14
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4954 54
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. 30)4
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iVA
14600 s U S Steel
.3110 7 U 8 Steel pf
3100 '0 Utah Copper
300 . Utah Seo. .
2700 a Vanadium Corp.. . . .
1040- 2 Vlvndou Inc.,!....
4100 "VfabaRh . . .'
6100 . Wabash pf A
900 , Wabash pf B......
8100 Western Maryland.
200 West Maryland 2d nf IB
800 Western Pacific 33)4
2100 .4 Westlnghbuse E & M thy,
2300 .. Wheeling ft L E 13)4
000 ., Wheeling ft. I. E'pf. .. "24 f
2700 Wick Spenc Steel Corp aVA
60'i 4 Whlto Motor 48)1
2100 Willys-Overland J554
100 7 Wllls-Overland pf...'75
400 . Wisconsin Central,,.. 32)4
100 H Woolworth F.. W ION54
100 o.Worthlngton Pump.'. . tVA
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LEADERS ON CURB
IN GOOD DEMAND
General Asphalt Soils Up to
64, but 'Los Gains.
Other Oils Active. ,
Now York, Sept 20. The Broad
street curb market showed a strong
tone from the beginning of business to
day. Many issue made substantial ad
vances with dema.ndJncreaHlng In nearly
all the leading lsmie.v' ,:-
General Asphalt was a feature of the
early trading, selling aa high at 04.,
but lost part of the tain around mid
day. Other oil were active, but moved
.within a narrow range.
Oarib attracted attention, moving up
to 15. A fractional advance was made
In Heyden Chemical, which was traded
In at 4 to 4. There was n small
amount of business In Retail Oandy.
1NDC8TBTALS .
Will LOW
Acme Coal '3H . 2H
General Asphalt ....... J 62H
llin Asphalt pref Ml ; f00
draw Ola 2H 2
Itercues Taper !2H 2ftt
Heden Chjin . .
Indian Packing ......... 0V B
Inter Itubbsr 1V4 i?
Clot
2U
eau
"18
2A
4H
in li
A f sa
iaS ia "H
J $ P
8X . 3T
105 -
33)4
75 -08)4
f
10)4-
3-
354 1)4
3 V,
30H- IH
08 4- 14
13 1)4-
2X 54
13 Ji - . 34
871
30 - i
121)4 1
03 54 J4,
"X M
M 14
7IJ4 1)4
MJi "4
i i
oi 4
0134-t 154
3)4 3)4
54 54
41-2 1)4
00J4- 54
100 -
0854 54
8)41
71)4 )4'
14
10)4 94
301
10544-
12)4 1)4
10
33 , A
7)4- 1)4
13 4- Y
"?
31
4-32)4-10854-03)4-
Inter nubbsr 1V4 1SH
rrrr Motors
1'erfectlon Tlr
Jtadlo Com
jladlo Com pref
HfPuWla Tire Robber ...
Submarine Hoat
U O Steam
Unttsil Prent Snarl n ...
ifnit.i nntsll Candy ....
Wayne Cosl 4
RTAXttAhD OtlS
Southwest Tenn ........ .,.275- 275
Standard Oil of Callt '....818 " 8ls
Standard Oil of N.T.u.,889 .387
1.VDETKSDENT OM
Allan Oil .'...'.'..' 2 IN
Allied Oil , 20 28
Carlb syndicate ...t.r....ilott IB
Cities Scrv "B" ctfs..;.
Klk llailn Pot V u
p;nitlneers Petrol ! H
Federal Oil 241
OlenrocK uu 2
Ourtty uiucspis .
Inter Tctrolsum .
Kay County Uas
Merrltt Oil
North Amer Oil
l'rod a Kcftnera
Itynn Oil
hkelly Oil
Victoria OH new
White Oil 25
MINING
Alaska llrlt-ColumbU .. 1
IJoiton b Montana 78
Caled Mlntos: 20
Calumet St Jtrome
Cons Virginia B
Cresnon Oold 1
Davis Daly Copper HH
Dlvld i;xt . . .
Dundee Arizona
HI Salvador . .
Eureka Holly
Forty-nine Mining;
Ooli field Zone ..
Emma Silver ..
Iron Zllossom ....
Jumbo Extension
l.outxtan Co . .
MucNamara
Mother IkIa . . .
"Mother Ixde new
Onhlr surer ...
Steward Mlnlne .
Tonopnh Uelmont
Tonopah Divide .
Tonopah Rxt . . .
Tonopah Mlnlna .
t'nlted Eastern .1
White Cups n
BONDS
Cnlosn 4s -. . 45
French Victory fis DO
UamburK 4s IS
Ilamburir 4Hs 13U
275 .
318'
888
J'' '' IL.
l Payment J)
1 V Plan J'
x
14
H
'A
54'
X
X'
' 2H
20
irv .
34, JiYt
0 V .
!
.i ni'.
Vk 1 d
83?t Si il.'H
, S4Vi 34H 54H
:, il i5 io' "
7 74 7
KI B'i B
21 J1H 214
i?8 J?8 li
24H Z4 , .
11 ''
78 78 ,
20 20
H H
5 B
'4 1., .'
8H 854 I
i n a m j i i
KsasBasiMsasWtfasasl
2W, 24 2W.
In IA li
K
..... 41 40 41
;.... IB' " & 6
54 U -Vt
io io in
M i -
..;?.'so b sn
BT4 ft 8
..... 1 1
IN 10 IS
1(1 1(( 1(
l.,...w2J . 2A 2
IH IH . !-.. .
K .i M,
0 1)
" 4".1 4S '
(JI) NU I
1.1 IS
l.V.i 13H
DO YOUR CHILDREN
' ATTEND THE...
PUBLIC SCHOOLS?
Lean than ?300,Q00 baj? been subscribed to the
.$1,000,000 School Loan, which is to enable tho
Board of Public Education to increase tho
Teachers' Salaries.
Surely we all believe these splendifl men and
women should receive a living-wage, . ,
, t
This Company invites subscriptions 'to the
School Loan, in denominations of $100 and
upwards, on its TEfo PAYMENT PLAN, and
' urges you to help make the Loan a success.
The Bonds pay 5 Interest are free of taxes
and are a high-grade investment.
Call, Write or. Telephone for
Particular a. '
COMMERCIAL TRUST
COMPANY
City Hall Square West
Member of Federal Reserve Bank
M
r
Philadelphia Markets
WHEAT Iterelots. 114.110 buihell. Mr.
-ket nominal. Car lots, new In export
eievntqrr-No. i-jea winter. sz.BSMff.ye: Mo.
2 rrt-,wlmer.-arneHy. ld:&.1O2".0 tnhcr
KTodes-truotetl-nt T71"foltowlnir schedule of
illsrountss Mixed v;ht, ,ie under rtd win-'
teri No. 3 wheat. 8e under No. 2: No. 4
wheat, 7c under No. 2; No. B wheat, ilo
under No. 2. Sample arcordlna to quality.
COttN IlrrelptH. 1230 bushels. Dull and
Sp lower. We iiuoto, an to quality nnd lo
cation, J1.45if l.r.O. trie latter for No. 1
yelluw.
OATH Receipts. 11.218 bushels. Market
declined lr. Car tote. h to loratlnn No. 2
white, 727dc: No. a white, 71 0 72c.
FI)UH flerelpts. 2.1Sfl,2l pounds .In
seeks. Pull end unchanced. Following
are the quotations per 11)11 pounds, ,i.icju'd
In 140-pounds Jute sockr Soft wlntxr
straight. wsHtarn. tlt.2BVll.B0: do. -Io,
nearby. 110.75011.2.1; hard winter, strnlcnt.
eTJ.2al2.7S; do, eliovt patent. 119918.25:
sprlmt. Unit. I10.7.1i( 11.23: do. natent, 4130
13 10; do. hort patent. I13.40W13.D0: fancy
rrlns- and city mills patent, rimtly brands.
S14..10(r1.1. Ilye flour. Jlll.30Wll.28.
l'llOVISIONtf-Pollowlna were the ouotn.
tlons: Ileef. In sets, smoked and alr-drted.
Blcj do, knockles and lenders, omoked ind
alr-drled. 84c- pork family, 47: hamsi S.
wei wv.t meeeu 14lf. 7tllllVU VOfiBjiT "
S7W3So: do, do.- smoked, 30040c, do, '-boiled. 1
iniiii-iveB, nou; pjeme snoMiurrs, f. l cured,
loose, 22Vi a) do. amnked, 2&o; bellies, i In
pickle loose, 2t)c; britakfast" bacon, Sflc!
lard. 22c.
i 1IUTTKI1 ITrm.wlth solid nicked erealierf
nc manor. e qumor aoim-pacxed cream. ,
ry, rancy, njgn-scrn-, -fresh Roods. 02V.1
JTISi .""rH". ": ,''ra nrats, ooc:, nrsts. ,
A9fil.1nr. uwr'auAd. SllliHln. ..b. J. ......
choice to fancr. 0SWB.V: fair to b"oo, 51 '
We beg tc announce that j
MR. LEWIS H. TILGE ,
has become associatci with
our Bond Department
HEMPHILL, NO YES C& CO,
Members 'New Y6rk. Stock Exchange
Franklin Bank Building
Philadelphia
J
Commodity Markets
COTTON MARKET
New ' York. Spt. a). .UN-lines at
shares wcru the most prnmlnent features Liverpool caiw n reaction at the open-
. Leblgh Navigation came iu inc of the t-nt'im marKct tnw morning,
FOREIGN EXCHANGE
New York, Sept. 20. The foreign
exchange opened weak, this rnoriilnc
Quotations wero:
Demaml Hterllntr wag 3.53, cables
3B3- ; frn'nc cableB,0.92, checks 6.91;
llrt cables 4,864, checks 4.3B ; marks
14 B, swish cables le.zu. cnecits m.si ;
,-hil- net lower. i cables 14.82, checks 14.80; HtoaKhoim
rins Heavy (Miles, early, for Livorpool ae- cables 20.00, checks 20.65 ; Chrlstlanla
Jil'- 71lI.,.jiTn'?"'1' M-enw J.aJlb! ,h" Wm ". checks 31 K.
KStrrtMi
v SfaeUities J
ISrOCKS HOW FAR WILL
IBONDS THE RAILS
COME BACK?
WILL READING AGAIN BE
A MARKET LEADER 7
IS ANYTHING THE MAT-
TCD WITH THP MOTORS?
r h no rltiliu to inuer uf ft UN
tllllllir,'. I'll, iiir i.iTRviti, i,nrni,uii).
,-lill 1,11 iiii. r, rii miii .iraimi mi"
prntlniate iiiuriir nr the lneslor
Mho lm ri-inl our mrliil letter.
"It It JI.." n ioniillinentar eepr
.. ..1.1... ..II, I.. ..... ...-A.. ....U..
Ill I, III! II 1, Itl " ".-II. Ilnill ,n,l,..
UnrkrtabU NicurHcH carried upon
rpn,n n'n , innrffinot ban Odd
lots fl l'fjn''w.
nf wtrtnitli
for conslrlr-rable attention bv reason of First prieeH linjilly were 27 to 47 points nelsian cables 7.38. checks 7.37; peeetns
n t.nirlte.1 rise of Sl.BO to tV)Vo. whll.. net lower. .cables 14.82. checks 14.80; Stockholm
J,cIi!kIi alley reached par. Iteaiisurln
report foreshadnwinp nn early settle
tnnnr nf illffoPAnpoa nmnnff th mini
I iLinrlorii n, thn arlmiilnrinir fnr-tnr frnnlcnl atnrm in tile Glllf. COUSet Hllb
I Pennsylvania Iliillrnad. however. als -ecpient rallies of about 2!) poinU from
i displayed consistent llrniness. Amnnp the lowest,
i the inactive rails, Northern Ontral
r.-H !,! ami .lllnelilll "j.
In tho miscellaneous list Kleetrie r)riher
Storage Battery bhowed some nf its old- Vnuarv r
, tiiin- lorm. with an animated rmory jiarch . .
i to 1.1H American Stores was firm and Mny
i point higher. United Oas Improve
! ment was alio in better Inquiry and also
1 it, lilRhcr. riilladelphla Klectric ami
Financial Briefs, ... . j
Sat close
2S.BS
25.70
24 B3
23 57
28.0.1
Open
2-). 2.1
23 3D
24.20
23. BO
22.70
(N.
10 JO
a m.
2S.40
23.BS
24.27
28.4B
28. on
Y. time)
nan i .nn
it. m p m
2S 41 2N 7.1
2.1. SS 20 17
24.110 24 !."
2S.70 21.IIJ
23 22 23 IB
isurrraoorp to dnlutwrc . Ileimi
., . fl'hlladelphln Htk. Kseb.
Jlembers I cnnsnl. ftk. Ks. of N. V.
1622 Chestnut Street
l'hun-: Hell, flpruee 8017-4300
Kerstane. Knee 730
71 Ilroadwar 4S Rth Ate.. N. T.
8 1 am ford. Conn,
sac.
GRAIN MA.RKET
Keystone Telephone were inclined to k(,, or,fnF weak, but aMlemnnd from u
leading cash concern urtnigni. nunui u
rally from the bottom. A private table
said that further good rains In Aus
tralia had been very beneficial. He
ceiiits were 57 ears.
December opened at ?2..'1S tn $2.:H).
March started 2c lower at $2,311, but
advanced to $2.34. .
Com was active, with the tintlertone
SATUHDAY'S FINAL QUOTATIONS
Merlin rrunci l.ttr Uullders
Demand S.83 7.02 4.78 8112
Cables .. .. 3.B8M 7.04 4:NO- 31.23
TODAY'H OPHNINO HfOTATIONH
Rterllne Francs Lire Guilder
. . a. .11 U.til 4.30 81.23
. a.Bay, 0.U2 4 sum 31.37
NOON QUOTATIONS
SterllnE Krams I.lrf Oulld'.'
.131 0.1)1 4 41 XI. 2.1
8 .14 0.U3 1,42 ,' 81.35
Demand
C'ubVs
Di'mand
Cables
Philadelphia Stocks
1:80
Itlsh Iw p m
20 Alii Insur lfi 10 10 .
00 Am Strs.. niMs KIM: BHt.
2.") Ilrill .1 O. 4l 40 40 -
Net
chte
S12ElecStor.l38 133 130143 Ms
-OKrle .... 21 Vi 20aj 205 ft .ealc. .September started at ?1.JJ to
ir0IC'oNA2ft 27 28 1. $l'.21j. ngalnst ?1.2T at the close Sat-
.'.0 Kev Tele. RV- SVj R, V. urday. December opened at 1.0i Vi tn
to-, i.ir. H,,n 19 1Q 12 .. " S1.0.);. aknlnst J1.0S at tlio clohe Sat-
nn
03
42
r.o u,
42 4-
03 3
42TC.
Boles 5.Westwood
Members Phila.locfcExchandp
INVESTMENT
Securities
rianiliileBMft. Philadelphia
PHONU' UJL.USL CUIO
fitl.'i 1, en .nv. t',-t
05 I.eli Val.. 50
25 Mlnehlll.. 42
10 Nor Cent 03
7IC.I l'n H .. 42VS
2.'!.-) I'hlla Ins
Wire.. 52
10 Phlla Co
cum pf.. 34
335 PhlloElec 20Vj
nifl do war.. Mi
I 2000 Phlla UT 14
308 PhllaTrnc 50 .
250 Smitli Hy 30
210 Tn True. 24
lOOH'nl Hwy
Invest.. 11
5(l!l r O I... 35 ts
Nt chance made by comparison with last
mle on New York miook rcscnaniro.
52 52 . . '
34 34 .. I
20 20ft V '
1l
14i 14 V
50 50 . .
30 30 14
24yj 24 Vfi
HTs
35V4
11
1514 u
1:30
P m
Net
chffe.
s. Ion In IIONDS
Jt'.ii" HlKh Low
3 Klec & Pro
Tr 4s . . . 52 52
2 Lehigh Nav
cons 4Vs. 81
Lib llnmls
3d 4V,. 88.50 8.8.50 88,50 20
(IV. 4th 4Ah.. 85.50 85.00 N).0U. an
81
81
urrlnv. but rnlUed to Sl.ih . .May started
at $1.00 to $1.05 at the outset, com
pared with .$1.08 at the closo Sat
urday, but rose to $1.07.
All brokers had selllug orders in oats
at the start. KxjicctutlntiK of auotlier
Increase In tho visible supply aided- the
liporn. Iti-ceintH were 80 cars.
September opened nt 58c to 58X,c.
oi-nlnst fiOc nt the end Saturday, but
advanced to 50c. December opened
nt ttVAe to 02c. Mny opened nt 05 c
to 05c, ngalnst fill '4 e at the close Sat
urday, nnd later sold at 05c.
Raw Sugar Quiet and Unchanged
New York, Sept. 20 The raw suttur
market Is uulet and unchnnRecl with
nuotatlons nominal There were no sales
rivrtid on Friday and Saturday. Im
portations on these days consisted of
al.SfD PUKP .llhllVHlCil 1-uuniBnnu iu HID
trade. Itenned sunars were unchanged.
Prices Weaker on Paris Bourse
I'arla. Sept, 20. rrlces were wenlter
MONEY-LENDING RATE8
NKW YOIIK Money on call, both
cbisseB of collateral, opened today at 7
per cent for lending and renewing.
During the early part of the session
them wns only a moderate nmount of
renewals of loans. There waa no new
money In the market at the outset.
Acceptance bills were quoted nt from
B to GU Icr cent, unchanged, The mar
ket was cjulet.
l'llll,Ali:i.rillA Call, fi per tr.n.
time, 0 per cent; commercial paper,
thm- to six montns, u per cent..
Vote These are merely nominal
quotations, as tho legal rate of Interest
In the state of Pennsylvnn a Is flxed nt
B per cent. Plus premium and commis
sion, time money for thirty to ninety
davs Is loaning at 8 to 8H per cent,
wh'lle commercial paper, from three to
six months, Is being offered at 8 to 8V4
per cent.
Reserve Banks' Discount Rates
Official rediscount rates at the twelve
Fxler.il Ileserve banks, am as follows -Treas.
Lib. Com I Dkrs
ctfs. Donds. I'aper. Accept,
I I rbila Elec
1st os.... 80 8oy80 ay.
The average price of twenty active) In
dustrial stocka declined 0.14 nil !,t
ton Saturday to 89.81. whlln iiwm .. , ,
roads ndvanced 0.04 per cont to Su.io.
A.FjJr"."11 ,nnrt "FCln nn1 subsidiaries
Augtrst output was 7.520,107 pounds
tfgalnst 8,312,025 In July and 9,022,879
in June. -
..eTil?.jyc8ti.nBh0U8a raectrlo nnd Man-
"7"V" V, rpi""s ror rour months
onded July 31, net Income, nfter charges
and taxes, of J 1.704.203. equal to " 3?la
a share on t7i.xi r.nn ,n,nv.in...i --A
' i nnrt cP,nTon st"cls. against $1,1
9J4,08l or $1 29 a share for the same
jiiiuu ill lyiv
For tho conVenlpnrR nf it hhiivik. Hta.i
others desiring central district banking
and complete Incliltles for Insuring titles
lu -' """'. me tieai r.siaie. Title In
surance nnd Trust Co. has opened a
Broad street olllce, In the Lincoln Build,
ing, 4B South Brood atreet
The committee on securities of th
New. T ork Slock Kxehange haB ruled
that tho 10 pr cent dividend of the
Virginia Iron, foal and Coke Co. bo
not quoted ex-sald stock dividend ori
September 30 and not until November 1,
1920. and that all lellverles after .Hep
ttmber 30 and until November 1 must
be accomplished by a due bill.
NEW YORK COFFEE MARKET
New York, Sept. 20v Wall street and
trade buying on the better cnbles caused
advances of 10 to 15 points on the
opening call of the coffer futures mar
ket. Shipments direct to CJermnny were
reported at 20,000 bags. '
(N. Y. time)
mi. rinse open 11 a.m.
7.2HW80 .... 7.AB
7.M0ftBl 7.0AO8.00 S.SU
n.ini inn
8.3HR40
02c: prints. Johhrns- at fl(i72c for fancy and
OSWOKo for fair to' eholco, .
cuiin nne cms. advanced lc under scarc
ity. QUOtnt onsi'ln free timrm. nearbw Smi.
81 C 03c mr dosep; nearby current receipts'.
iwui nrniw iiiuiii.if in lair, UitPOnQX WeSl-
ern extras nrsts, OltfOac; western firsts.
39000c; seconds. SOti.Mo: Inferior lots
lower: faney candled k Jobbing- at 72 j
78c: fair to choice. 0Bf71c.
CHKK3B Firmly held New York whnli.
milk flats, current make, fancy, 2029V4e:l
do, common to fair. -jfttf-Jftr: d, Ltmshorns. 4
zvfjvnc; qo. ninvie Daisies, 29Tj20Ho;
jobbing- sales of fancy o-ttn.li, 80V31e.
. LIVE POULTIIY Fowls, not Leshonu.
.via expreas 1 ancv, uemlilna- B lbs. and over
apiece. 40M42c: exceptional lots liUher: llht
to medium. 803Sc; whlto Lexhorn fowls.
32ft84ci fowls, heavy, not tthorns, via
frehfht In carload lots 38lii- sprlni
chickens, fancy jellnw skin, not Lehorns.
welhln 2W W3 l-ji. splece. 4U42c; eicsp-
.,..1 Inla hlsher: brol Inr rhfrkene.i tttyu
'yellow skin, not Lesharns. weljrtitn 1M02
lbs apiece. SUOBKc: lirolllnir rhlckens. fsney
yi;ow I"", '.i LiV ' . If """ A'',H
lbs. apiece. 843Bc; white LeRhiirn' brolltf .
S3W3Bc: old roosters. 242Bc: ducks, old
lie '''. spring, 30tc33c; plseons, per pair.
23.?.??;dED POUI.TIIY Fowls fresh-kllled.
ilry-pleM-d In Iwxes. welsh nu 4H OB lbs.
and over apiece, .ir. "'-isnina; t iui, 42CI
New York Central R. R.
Ten-Year Collateral Trust 7's
Due September 1st, 1930
Most of tho'reccnt railroad Issues of ten-year 1 notes
nre selling at prices ranfrins Worn IOI73 to 103, while
tho above-mentioned notes are fuioted 100 H bid, otTered
at 100. '
Boenning, Gartpfeon & Co.
Stock Exchanges Building
PhiUelpbia
Mtmltra Pftllrtdefplaja Stock' iff changa
. ' 1 ... . ''
B7H1.3S0, welxhlng S lbs
in fins
Bept. .
Deo, . .
Jitn.
March
Jifay . ,
June
July .
Au. . ,
llld.
i.kllleil.
va ins.
apiece.
dry-
net
IlnNtnn , .
New York
Philadelphia
('level illd
Itlrhinonil
Atlanta ...
ChUann
M l.ouls
Minneapolis
ITanlfiu CltV
Dallaa tO
Han Kranclsco. .16
M
ill
ttl
S',4
i .. BW
y ...tflH
(I
0
BW
8
II
BU
fl
BV4
fl
Kit
0
II
5H
8 Hi
0
18
inu.rf.mi r.l. wirrMnnndi with lntereit
rato borne liy certincates piadited as collat
oral, with minimum of B per cent In the case
of Philadelphia, Atlanta. Kansas CHjr and
Dallas, und r.V4 per cent In. the rase, pf
itlcbmond. Chlcauo and Han Tronclicu.
OH per Ctnt on paper aevureu uy uj
8.00ISPS2
8.73W7B
8.70O78
7.0BO8.00
8,10
R.B4QBB
8.7BO80
8.60
8.SH&8B
8.85
4.7.1,
8.80
welirhlnx 8H lbs.. 87
IBilSBcl fowls, freah
f.?.1Psl..ililns' 4l
weliihlnp tV, lbs.. 34WS!lc: welghlnr 8 lbs.
nnd under. ,2?88e. bro lers. western, dry
J.u.d. wslKhlmc IH O'J lbs. aolice.v 4a
48c: do. western, smaller alies, 41042c;
(rysrs, western, welxhlnu 2V4 33 lbs. apiece.
asOSc; broiler;, nearby, walshlns lli 2
lbs. aplee. 4B47c: broilers, nearby, smaller
sluts. 42044c: old roomers . dry.plcked.
'.jtsrn. asci do. southern. 227o: spring
ducks. 1.. 1.. 87c
KIIKHK KIIUIT8 Apples, per bskt. No
1, 78cfl.7B: No. 2. 357Bc; apples, 'per
bbl.. $308. Oront-ss. pgr box. la.2308.at).
Poaches. Jersey, per bskt.. I102.TB. I-sars.
per bush.. 1.B0B.2B. (Irapea. per pony
bskt., 2()4p2Bc. Plums, pr bush. J203.
' VKOBTAHLKH White pntatnea. Jersey,
r,.r U.lMiah. bskt. No. 1. SOOOOr: No. 2.
40 U 03c; swest potatoes, southern, per bbl.
No. 1. 4M: Mo 2, n: sweet potatoes. Jer
v. per H.bush. bskt, Nu. 1. Ilffl SB: No.
2, SSflBc. Cnbbare, Jersey, per bskt,. 2U
W4Uo. unions, jersey, pr dski,, sovtOc.
Cucumbers, per bush., 1102. Squashes.
Jersey, pr bskt.. 2040c, Tomstoes. Jer
sey, per bskt,, 2S075C .Strlns; beans, per
bskt., OOCif I1.2.V Lima beans, per bskt.,
ilipi. Corn, Jersey, per bukt.. 7BoTO$l.
liests, nearby. Pr IMP bunches. 13 8,30.
LIVE8TOCr QUOTATIONS
Chlcnxo. Sept. 20. CATTLK Itecelpts.
.13.000 head. Oeneraliy vr sloW: good and
rholce steers stsady. Karly tup. J18.2B;
UUIK. uooa anu -iuito, u'i in.1,1, early
UlnainH oil "bibmi ln"lri uu,. iter ntuca.
Bought, Sold and Quoted
East Coast Fisheries, Com. and Ptd.
East Coast Fisheries TroductsCom. and Pfd.
Elgin Motors .
Revere Motors
Stevens Duryea Motors, Com. and Pfd.
Metropolitan Stores, Com. and Pfd.
Seamans Oil , ,
R. E. Seamans, Inc., Corn, and Pfd.
Metropolitan Credit Corporation, 'oom. and Pfd.
U. S. Mortgage, Com. and Pfd.
"H. F. Wilcox OU'atic. Oas ' . '
Quotations Furnished on "Unlisted" Stocka and Bonds
of AU Markets
JONES & BAKER
Tel:: Veil, Locust 4730 Misc. Sees, llept. Tel: Keystone, Race U90
Widcner BIdg, Philadelphia
BANK CLEARINQ8
Hank eltarlnca today compared with cor
respqndln dsr last two -years!
1U20 -' lvl 1S1B
Tinston . . IB4 SSH.2SB l4fl,BBH,Sfi8 111,718,835
Chlcaco. .110 234.2(10 101, 140. 7S.1 .....',..
llalilmnSA ID nAfl ttalrt 4 at J ft
1 Phils..., 78,902,007 73.018,030 04,100400
DIVIDEND8 DECUAREb
on tho Bourse today Three per cent
rentes were quoted at Birr aoc; ex
change on, London, Bifr; 6 per cent r r . rflrtinci.tes, and b pr cSiit An papsrl .gl,i'
loan, $5fr o. Th dollar wm quottd ,,eUril by 4 .. enl an 8 per deaf r-1 "tVi1"
at Hfr lV4o. ietes, 7 J ' ' , " rtT,raD,r
J,. I. Cass Plow Works, quarterly of
11,70 on nrst ar.d seropd prererred, both
payable October 1 to stock pf record nip-
(ernnsr io.
' Air rteducttn Co.. quarterly of l, pay.
able October IB to spick of record Hsp.
tntnber 10.
' Htssl Ca. pf .Canada, nw.rterly of
o ,;"iiiifiun anu pr (erreo,
ranssrs. t'tockers anl feeders,
bust. t7; cftnners, 4.25.,7t.
ffPkfir lnis.sis
nA.v. BOo lovri cnoico vnlcrH. S17(MH
WANTED .
An experienced man to handle Bond Trader's Desk
for a private Banking Firm, members of the New
YoVk and Philadelphia Stock Exchanges. No appli
cation will be considered without references.
Reply to Box A 1 03, Public Ledger Office
ty 2BS5o hlKher.
immnn and lie f erred navahia Mi.
1 to stock of record October 11.'. '
UO Uil'k ..Ml,., .w... .'-' "I ...
steady: wi-sten) supsiv, 1'j.odo head. ;
iifMiH.iiHainia. a.vnns neuu mow. tnnet-
i wi..jin.ia uuix, llsnt
351B.1o:'bulk. oacklna
sows, ua.4oein.7Bi Pl?5..,-'?jioc humeri
bulk desirable Kinds. 110.80 17.2.1.
Mil:!:!' Ilerelpts, li.000 head. Fat
classes slow to 23o lower, than Saturday's
avsras; Top native Jamba. I13.7B bulk.
118.28413: choice Idaho. 113. or,; fat ewes,
tr-ly llBOUOl feeder lambs, 118.33
J8.8B.
Plttsbnrch. Espl. JO.CATTI.R ineeslnts.
MOO head. Steady. Wteers. ItSOIBs heifers,
itO.TTiOISl cows. HffJ-lO. rahes, receipts!,
TWI nenu oiraur iiip, liii,
lnriu.lli..lni,
Heavies. 7 761H7 1B; heavy 'yakers,
llH,-iasMH.H.) iiBiit yors
P as. in 7Pis.
. HJtKRP ANP
n
.head. Tiveri
heuvv Vnik.r.
ers. tl8.SBOlb.B0:
LAJinS-Rsceints. io4
sad. Steady. Top shb.ep, 18. BO: top Umbs!
U.50. r ,, V;
FOR SALE .
300 tons 2" x 2" x 3-16" angles mostly 18-20 ft. lonir, ,
230 tons 2Yt"x2yt'xVS angles-i-18.20 ft. long
150 tons 3" x 331,5.10" angles 19-27 ft long
140 tons 4" x 4" x H" angles 19-33" ft. long
430 tons 5" K-bcams 28-27 ft. long
100 tons 8 Ifbeams 26-28 ft. long ,Miek-
, PniCE IN .CATltOAD LPTB, Z.io per lb. f. o. b. cart or f"2S,
rHILADKI.PlIIA. IMMEDIATE DEI.IVEUY. Material stored In open ana)
has stockyard rust. INSPECTION INVITED.
: THfe JESSOPtt COMPANY. Inc. .;
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