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EVENING FCBLIC LEDGER PHlfc'AD'ELPHI A,' TUESDAY, SEPTEMBER 21, 1920
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$RIFFlTHsays:
e ,'1 consider 1Vy Down East' the
frrreatest photoplay producd from
iwy .studios since The Birth of n
Natlon,' This plcturo alone should
.yield gross arcings of tit least
ilJ.OOO.OOO to D. W. Grimth, Incor
TO On such ft remaikable scale of
operation uriniin emimaiea nu com
pany's net profits nppttcableto dlvl.
.denda for one year ended .limp,
,1931. to be In excess of Jt. 600.000,
tpr "more than eight time the pref
erential tuviuenu on tne v m-rs i
shares."
We are extending to the public
Jhe privilege or sharing In the
vnraflth nf rlrlfTllh'n remarkable or-
rE.nlzatIon, producers of the world's
greatest successes nnci noiri'ng in
' terest In the fl'm releases of Mary
" PIckford. "Doug ' Fairbanks and
i Charlie Chaplin, throush our offer
! lnr of 1IS,01(i Clars A shares if
i D. W. GRIFFITH, INC.
AT $15 A SHARE
i full particular rnt o leojft
Scott & Stump
Investment Sccurltica
Stock ExcltartKo Buildiits
Philadelphia. Ta.
.rnMAMITH IN ODD lOTt
'New lorli nml IVmlesrllle, hf inhere
burg, rolttn and nrrlMin, fa
TREND
OF MARKET I NEW Y0RK stock exchange transactions
WAS
UNARY
Number of Influences Contrib
uted to Koop Prico Move
ment Unsett'od
An Attractive
Railroad Bond
Wc suggest for con
servative investment
the collateral trust
bonds of the New
York Central Rail
road, due September
1, 1930. Market value
of collateral amounts
to 125 of the par
value of this issue.
Price at the market
to Jji'cJ over 7r'f
Bonbright & Company
437 Cheatnut Street
Philadelphia
IS'tw Yorlt
Boston
t
Chicago
Detroit I
I
A Compltt
INVESTMENT SERVICE
Specialists m
OHIO MOTOR AND
RUBBER STOCKS
ACCEPTANCES
BONDS
STOCKS
k
CORPORATION
FINANCING
Members of N'w York Stock
Exchange
OTIS & CO.
Investment Bankers
CLEVELAND
Boston Detroit Cincinnati
Columbus Akron Younustown
Denver Colorado Springs
Toledo
1 New Yorlt. Sept. 21. While show
line Rood powers of digestion and ab-'
sorption and at 'Intervals good reenpei-a-1
tlon. the underlying tendency of today's
stock market continued reactionary.
While this was looked upon by many
'is a natural backset to the rcrent hull
ish demonstrations, yet there were con
tributing influences which iptiiblurd to
I .ep the price movement unsettled und
"ii"i-iiiracc wider aggressions on the part
i th bear narty,
On of the more disturbing factor.
a, an utivtlfed report that the Gov
ernment v ill ulibdrow a substantial,
amount oi' r-oucj out of the banks this
week. Another was the ratVr sensa
tional nnnnunreiiient niado by Henry
I'ord. etablshlu a prewar basis of
.prices for the products of his plants im-
i mediately. Still anotlier was the re-1
ports of the further heavy leying off of
n'n in the motor acoesrory lndur.tr" In
the Middle AS'ert. At the same time.
nervoiviio, over the rcivnt eploion In
ihe finnncinl distiict cut fonie fiirurc,
h'' the volume of buslpejs wus re
duced naterir?llv by reaon of the ob- ,
sramc of .Trwish holiday. i
Mnit all the aetic issues were under
nrc.oiurc at the o'ltxei. oils and niotot
rcce.orien (iipl;, hi? murkeil weakne.
with Kclh -SprinRtield Tire Kiifferlnc a
precipitate dfline nf'7 points. Til"
wliol" t,i i 'ket, however, bore marV.s of
.i coticcrfil rnid and luitia! Ios.ck m
" an ccve were materially eitcnde'.
It was "id"nt. Iiowcmt. that these
drive were forcing a relatively stu.llt '
iimnun: oi' tent liquidation, and appar
ently dNIndRcd comparatively little
.'one !-toi'k.
In the nieantiui" the predicted money
flurrx failed to mnterialire. The call loan
renewal rale mik agHiu tied at 7 pri
cent and. nrenrding to the boaid. reports
Hiup'c iiiiiiN we-c cm linml to supply all
reo,uirements. At the fame time while
the early quotations for foreign ox
chan;e pointed to another selbnek in
Ibe Rritish rute. pressure In thi? quar
ter likewise relaxed, Suppleinentim;
these more encouraging pgn was Ihf
anoniricemeni of Ihe arrival of an ad
dltinnal .tin nivt.nrwi 0 gold.
rinding thej were making n" head
way to speak of. the mere active nieni.
here of the bear party promptly eblfle.1
po'ition und made a hurried attempt
takr in a larger part of the short lines
i put out at the opening. This wns fol
1 lowed by a general scramble of the
shortK and the trend of the market wns
quickly reversed. Among some of tli
closely held pool issues the rebound was
i Utile snort oi fensaiionai. v. ni-'ime
Stol, after falling 1 '; pointH. rebounded
jljii points. Mexican IVtroletim. after
declining 2 points, jumped over .'I. These
I demonstrations effected a recovery of t .
' to X taints in oils, rubbers and equip-1
ments.
The fiw consisrenth strong issue j
' included American Tobacco. Uctail
Store. Oreat Northern Ore, American
iSmiltir.g. General Klrctric and Amert-
can Hide and Leather preferred. There
were only nominal changes in the ra'nn
until after midday when they agiu i
' asserted their recent leadership at gamn I
of I to 2 points. The recovery nnsl
inomenlarilv stuytd on the announce- I
ment of the passing of the Central!
Leather common dividend, that stock '
breaking ,T points. In the early nfler- J
noon tb" recotcry movement was started
agalc, but price ti)oement continued
, htghlj irregular. '
J'bc irregularity continued uutil the
Ust hour when the selling acsumed
(wider proportions,, representing more
I aggressive drives on the part of the
bear contingent coupled with continued !
free profit-taking. The steels, equip- ,
' ments und uioUirs were offeror more
, freel than the rest of the list, but
everywhere selling pressure steadily
increased, making the final prices the
1 lowest of the day.
Div.
S.1.M 111
Ml
3001
1109
no
too
300
ion
1199
I0S
svn
.no
toos
-.99
1100
300
100
1309
1700
100
60)0
400
10i
309
1I0.T
09
tooo
101
MOO
3000
s
1(00
309
1100
1009
IMA
1
MIXED CHANGES
jy LOCAL MARKET
j We It ceo ni -net id tor Iri.-tme'it
j Pcnna. Water & Power Co.
Stock
Ono of the largest r dro
electric plants in tne world.
Low operating costs Vn
coal required ajid minimum
of libor Fumlshlnsr Balti
more, Md , and Lancaster,
Pa., with ectrlc energy
Dividend Increased Oct, JOU,
from 5 to 6 DMdend
tncreaied " , 19;n, from
to 7. Successfulh'
openitcd for more than lb
years It us explain the
advantage of h(!ro.cectr!c
securttn t
JosepKW.GPoas&Co.
1421 Chestnut St.
Aldred & Company
Street Favorably Impressed by
More Conciliatory Attitude
of Traction Interests
It's Not an Individual
you arc dealing ith when
the BervJces of this com
pany are called on, hut
the combined ability and
knowledge of our holp
personnel, which includes
a board of directors of
broad experience.
Real Estate Trust Co.
Broad and Chestnut Sts.
The local financial community was
favorably impressed by the more con- I
ciliatory attitude manifested between i
the Ilapid Transit and I'nifon Traction !
interests yesterday to meet problems I
confronting the operating company. I
This, however, found little or no re- !
fiction in so far as the market for .
" "-- ....,..,,.,,, iv - nut'
prices for both the Itapid Transit is
sue and the underlying securities was
steadier, but the dealings, with the
exception of Ilapid Transit, were of a
perfunctorv nature There was a fairly
good round amount of Itapid Transit
to change hands, most of which was I
taken at 1.". laet ulght's final price,
although during the morning the price i
shaded to 1 l.
The larger dealings in the local issues
- were supplied by Philadelphia Klectnc.
in vnion mock mere was a considerable!
turnover between 20 and 20'i, which
from all indic.it'ons represented largelv1
continued shifting of position by manyi
of the holders of the old, now the com- i
mon, ork.
Further improvement in the mining'
situation accounted for the ontimie
strength of Lehigh Navigation, which
was takeu in good amounts nt (II 'f, nrl
thereabouts Pennsylvania Hallrond and'
I ehigh Valley were inclined to sag and I
suffered fractional rcce-Mcns. Dealings
Adams Kxnrss...
.. Alaska (laid Mines... V?i
Allied Chemical & Dyu l?i
t Allls-Chalmerf MJi
Am Agrlc Them 88?4
o Am Agrlc Chem of... KC'i
10 Am Bo'oh Magneto... 83
4 Am B Shoe 4. Kdy new MU
. . Am Can -?s
: Am fan pf H
IS Am Car & Kdy'. 14
so Am Ttur Sj-n 10
6 Am Kxprcs-j tltj
.. Am Hide Leather.. 13
; Am Hide & Le.ither pf 70!
Hleh Low
?0?4 3Va
6 Am Internat (orp.... ?'
7 Am Llnssed pf 84
9 Am ljcoriollvo 7
.. Am Safety Razor IB
.. Am Sh,p & Com 19
4 Am Sme'.t A Uef .... i4
5 Am Steel Koundrles. . 3?M
7 Am Sugar Hef HI
7 Am .Sugar Uef pf US
10 Am Sumatrn Tob tOS
S Am Tel & Tel N
SO Am Tobacco IsUi
s Am Tobacco pf now, . 0OS
SO Am Tobacco n 130
7 Am Woolen 81 i
Am Writing Paper pf BB
4 Anaroaria Copi5 3SJi
.. Atlant'c Kru'.t 20
Atch Top & Santa Fe H4JJ
.. Atlanta Blr & Atlantic OJi
10 Atl Gulf W 1 S H.. 13
4X403 3.80 Baldwin Locomotive. ,UU
30l .. BaJtlmore Ohio 44
100 4 Baltimore A Ohio pf . .
209 s Barrett 13B
I0J Bethlehem Motors .... W
"00 s Bthtehcm Steel $i pfiosti
4109 j Reilileheni Steel B.... 77i
100 . Booth Fisheries 7H
100 . Br:.im Rapid Transit. II
100 Brkln n T ctfs of dtp Ji
100 Bute & Superior Cop. -'0
100 to Burns Bros 94t,;
310 . Uut e Copper A Zinc. "!5
MOO .. CudJd Centr.il A n 18Ji
100 s CAfo-nu PaeMnc . 87Ji
"OJ . C'a'lforn.a I'etroleuui. . 30
V'OO io 'MnadMii Pacific: ...irj-H
41890 Central Leather. .. 10?
790 4 ( e.-'o de P.isco C'.p . 14
1000 to Cininler Mo'ors .... S5
J410 4 rMe3poiil.e A Ohio... R'
4903 Chlivigo A Ut West. . I2
4BD0 ; 0"ilcasto A (It West pf 0
1190 .. Chicago Mil A St P.. :t8
-'100 .. Chicago Mil A St P pf 47ii
100 ; Chi A Northw'Stern ntlOB'J
JOO Cbl lieumat Twi.. 82'i
ilOO .. nil It t fc Iac .ISM
200 Chi It 1 A Pac fi, p.
400 ; Chi U I A Pac 7 pt 79'i
050 .. Chi'e Copper 14K
Jl'i I.S0 Chuio Coppr 38?i
I7.19 4 Coca-Cola 34 !i
309 Co, A Southern 39?
300 f, Columb Oas A Clec... C
1709 I Col Oraphopho-ie. . .. 24t;
209 ; Contolldsterl Cigar. . . 7A?i;
390 1 C-onfolMuterl r,Kn . . SO'i
109 : Con Intersta-e Ck s,t. 9'i
200 3 Consolidated Textiles. 29'
390 i Coitlnent.il Oandy.. . I0JJ
2409 4 Corn P-oducts R-f. . .. 8tj
200 : Corn Products IW pf.lOlj;
600 2.50 Cosdea A Co 30i
14100 3 Crucible Steel 133'5
2B0O . Cuban Cane .Sugar ... 4011
7 Cuban Ainer Sugar... 43Ji
Davison Chem.ca! Co. 38
. lVUwuro A Itudeon. ,10.1
10 Pel Lack A Wertem.,242
100
800
100
100
1490
3200
100
400
300
109
14109
3000
700
too
ISIO
400
300
500
too
MOO
18000
300
1AO0
300
1390
100
100
109
399
200
1790
1109
200
100
800
300
1000
200
600
200
200
2709
800
200
2200
200
1500
109
1200
too
too
4190
200
800
2309
8"i
100
vim
VA
B9
. 93
. 1IT4
. 2815
. 70 M
. 20
. 2&S
. 2i :4
.too?;
. -'6
. 53'i
. .',
. OS
. 82
.143
.. 21 S
. oiH
. 3S
- 36)4
. 79i
. 27 K
. 10
. 12
Denver ft nio Qr.inde
. Dener A nio G rf-.
a r'Urolt United P.v . . .
1 Dome Mines
.. 171 It Horn Coal
3 Hndlcott l-Johnaon ..
.. r.rle.
.. Hrle 1st pf
.. Krle 2d pf
10 TBher Body
8 Flsk Itubber
. . Freeport Tcias
. Gaston Wms A Wig.
a General Cigar
7 General Cigar def pf .
s General Hlcctrlc
l General Motoru
6 Gen Motors ""0 pf..
Goodrich B V
4 Gt Nor Ore ctfa
7 Great Northern pf . .
SO Green Cananea Cop.
,. Guantanamo Sug Co,
. . Gulf Mobile A Nor .
4 Haskell A Barker Car 80'i
.. Hendeo ctfs 27
.. Houston Oil Co 114 U
1 Hupp Motor Car 1H
7 Illinois Central 90
4 Inspiration Con Cop . 48Jj
.. Inter Con Corp 4
6 Int Agrlcul Corp pf . . 83'j
7 Xntt Harvester new. . .118JJ
7 Intl Harvester pf 108
.. Int Mer Marine 2474
6 Int Mer Marino pf . . . 78H
7 Int Mo Truck 1st pf . . 77
.. International Nickel.. 10Ji
.. Inter Paper N2U
5 International Paper pflOl
.. Invincible Oil Corp... 3V5
. Iron Products
.. Island Oil
. Jewel Tea,
.. Kan City Southern.
4 Kansas City So pf
8 Kaveer A Co
4 Kelly-Spg T
X Kelly-Spg T 8 pf.
2 Kennecott Copper..
1.20 Keystone T & It...
6 Lackawanna Steel..
. . Laclede Gas of St L
. . Lake Krlo A West. .
300 3.50 Lehigh Viilley...
Total fule 7SH.K00 nharos
ikl wc-k, K33 200 hrel
. 441
. BH
. VA
. W).
. 48&
.133
,. 73
. 94
. 'SM
. 18!i
. BSU
. 38
. 14'i
4M
80U
3i3(
AS
8IJ
81
H
3M
OH
133
Ji
13 1 H
12H
CtR'
76JS
84
MIS
115
lfi
02;,
37
10914
IBS
89
8!i
129 5v
0 J
127W
SO
39
4H
10"j
84
sr-o
140J-S
112!,
4l!&
51
130
rii
too'-;
7
VA
11
OJi
20
M
V-i
i'.H
7 Vt
30
121
464
43
S2
CA
It
2s
37 :t
;o';
100"
82:5
rs
s5
7
14 s4
29 'i
.'3
3t
oS
23 H
73'i
SO'i
0")
2r';
ioja
87 7
101
39J4
12 H
38 M
43J4
37
195
24014
3 "4
C"i
3
1194
23 !i
70M
ton
27
2IH
100M
25;
23
8!i
C4t
82
14jtj
20t$
C9
52
34 H
70
27J
19
13
88
27
till,
is;i
90
48
4
ru;
116ft
10C
24 J J
7S
76
ltH
81 H
101
38
44j
C'i
2IVi
40J5
103
68
B3i;
i&U
l
8
36
M'5
40tf
Tei)y' N'tt
Cleie Chge.
S6!-
IM- 14
con- V
35 14
86 - 1
8015 W
83U- 1
5iH- s!
J - us 1
0!S- in
133H- H4'
- i ,
18W- I'd'
13 - H j
70ft 4- ti:'
77 - ft
84-2
DJft- IW '
ISH- M
ift- !
c.-. - i !
37'i Hi
HOi- 1ft 1
10J - 1
90 - J4
l30;.if ?i 1
90-r ft1
128ft 1 34 ,
M - 1ft l
59 - 1ft
5 - ' 1
20 -- ft ,
MS 4- ft1
9 - ft
150ft- !
112ii- IS
4i:- ft
i'.t
Sitei in I
108 U Lleeretl t, Mvers
. . Loft Corp 1H
3 Loewo Co 31ft
7 LoulsUlls A NashvlllelOlft
6 Mackny Cos 63
4 Mackay Cos pt ft
7 Manhattan Kiev guar. 42ft
.. Maxwell Motors 8ft
.. Maxwell Motor 1st pf 18
.. Max Mot 1st pf ctfs.. 18ft
13 Mexican Petroleum... 'lOBM
2 f!aml (""nrtner . ... 2014.
14909 i.eo Middle States Corp... 16J4
'TJ 4 Mdvao Steel A Ord. 40 4
. Minn A St Louis .... 194
7 Minn St P A S St M.. 79Ji
7 Minn St P A R St M pf 90
. . Missouri Pacific 28
. . Missouri Pacific pf... 48J,
.. Mo Kansas A Texas.. 7ft
. . Mo Kansas A Tfx.is pf 12
. Montgomery Ward.... 3311
. . Nat Aniline A Chem.. 83ft
7 Nat An A Chem pt... 88ft
.. National Con A Cable 8ft
6 Nat Enamel A Stamp. 6lft
8 National Lead 75
. . Nat It n of Mex 3d pf H
1 Nevada Con Copper. , 1?4
..NO Tex ft Mex
10 New York Air Brake
8 New York Central . .
. . New Yorlt C A St L.
100 2.S0 New Yoflt rwlc
SI00
tlftft
tl
800
8 I
IB9
209
109
100
1800
09
200
28500
339
300
300
25
809
BOO
110)
too
3709
890
19
100
300
300
100
too
390
209
C390
300
1ft
ft!
"i
y i
127
54-1-
tOSft -
76ft
7ft
II -
8ft-
20
4; iki
7'S - '4 j
18 J- ft j
67ft ft
30 - ft ,
131 H ft
47 - 3 I
43 - 1 I
S3H- n
Jft- ft j
12 - ';
30 -1-2 '
37i- ft;
ui' - :i
KlOft 4- 1'j I
82'; 2ft
'4
ft
i
ft '
'
3' 4- ft
tiRft
70
2894- 1
34 - ft
28'i
58 -i3rt
-73',
SO' 4.
Oft
29 ' i - I
I0?i I
87 - I H
101 - ft ,
3H- ft
130 -t 't
30 - 2 ,
43ft- 1ft j
88 -r 1 ft I
105 . I
2ioft- oy, I
3ft
0ft .
83 . .
M'i-r
23ft
ft
t
31
row i
20'4-j- m
27M ft
SI-H ft
100J4- ft
25ft- ?4
33
8H
lfty
82
143ft fti
20 ft - 1 14
69 ft- ft
K- I ft
35ft f 1ft
70ft A ft
275-i- ft
19
ft
BR -1ft
27
1UH- I J4
2100
809
200
400
400
31009
799
1090
1600
200
11200
too
1000
300
1800
100
80)
300
3600
7909
1300
700
33)0
200
109
810
12300
603
103
590
2100
B79
m
0710
4U90
1900
309
3.700
2.-.00
200
413
809
100
200
700
1389)
too
13813
100
12403
1000
20
050
100
100
2000
13300
1400
100
too
BOO
14200
800
1300
3700
7800
200
5300
4709
3290
500
55
95
77ft
40ft
27
. . New Yorlt N II A ".. 3!i
1 New Yorlt Ont A West 23
7 Norfolk A Western... 7
Hlah Ls-
.UU 144
14 ft
21ft
102ft
63
S9ft
43ft
N
16ft
I71i
191
29
154
39ft
154
7
ItO
37 ft
48 ft
B4
lift
33
83 ft
9
8ft
60 ft
74 ?4
5ft
13ft
55
4 54
!?
.Tly' fl
Clmo Chge.
14134- ft
ft .
21ft- ft
103ft f- I
62
59ft . .
3ft ft
8 - ft
17 - ft
17ft ..
I94ft4- 3
20
1554
30 ft-
15J4
7ft 90
28
48ft
7ft
13
33ft
8ft
ft-ft-55
J
5 4-
76 -
Netv York Curb
H
ft
ft
'H
'"ft
"'
154
14
ft
ft
ft
U4
ft
7 Northern Pacific 80ft
40 Okla Prod A Bef ft
.. Otis Steel 23ft
.. Orpheum Circuit 2894
B Pacific Gas A Htcc.l. 47
8 Pan-Amer Petrol Mft
a Pan-Amer V. 88ft
. Penn Seaboard Steel. 21ft
8 Pennsylvania It U.... 4214
.. Peoples Gas Chleaso. . 34ft
.. Vtre Marquette 27ft
.. Pere Marquette pf. .. . 49
.. Phillips Pet 38ft
8 Philadelphia Co 37ft
.. Plercj-Arrow Motor.. 38
8 Plerce-Arrow pf 89
.. Pierce Oil U's
8 Pierce Oil pf 8ft
0 Pitts Co.il 8ft
.. Pittsburgh A West Va 34ft
1 Pond Creeit Coai 17ft
8 Pullman H3ft
3 Punta Aleirro Sugar.. 80ft
4 Puro Oil Co 38ft
.. lUnd Mln Am Shares 34ft
1 Tt-iy Con Copper 1H
4 Heading
2 Heading 1st pf 45
2 Hearting Id pf 40
.. Hemlngton Typewriter 68ft
,, Ttplo Steel 81ft
B Republic Iron A Steel 83ft
7 Republic. Iron A Stl pf 93ft
4 Republic Molorp 29'j
5,20 Ilojal Dutch N Y.... 87
.. St Louis San Fran... 28J4
. . St Iuls r-an Fran pf 434
. St louls Southwest... 33
.. St Louis rtouthwest of 43ft
.. Soxnn Molor 6ft
. Seaboard Air Line .,. B(
Seaboard Air Line pf 17
3 Sears-Roebuck 137
.. Shnttuck Arizona.... 34
.74 Shell Transport 5334
.. Sinclair Oil 34ft
8 Sloss-Sheff . '. 70
0 Southern Paclllc 87J4
r.O South Porto Hlco Sug130
.. Southern Rail 29J4
5 Southern Rail pf . . . 63
20 Standard Oil of N .T..C50
7 Stand Oil of N .7 pL.lOift
1594- ft
90
4894- I
4
81ft- 2J4
116ft 2
108
24ft- ft
78 ft
7734 4- 154
10ft 4- ft
81 34- ft
lOlft-v ft
38 - ft
44ft 4- 34
64 4- ft
ft ft
21 94 -- ft
46ft- 1
103 4- ft
70ft- 4ft
93M- 1ft
2SJ4-..ft
10 - 34
6S - 34
36
14ft- ft
49ft 4- ft
Steel Tubo Co pf . . . 8-
4 Stewart Warner bp.. 32ft
4 Stromberg Curb 71ft
7 Sludebaker 64 j
.. Huperlor Oil Corpn... 20
6 Superior Steel 53ft
4 Temtor Corp A F "A" 40ft
.. Term Cop A Chem.... 10(4
3 Texas Co 63H
.. Texas A Pacific 38
.60 Tcxna A Pac C A O.. 41ft
.. Times Square Supply. 20ft
A Tobacco ProductH 70ft
7 Tobacco ProductH pf . . 84 34
.. Transcontinental OIL. 13 ft
.. Hnlon Oil 30ft
10 Union Pacific 124
4 Union Pacific pf 6334
100 3.50 United Drug 1st pf . , . 47
300 15 United Fruit 205
. United Rwv Invest... 11J4
. Unl Itwy Invest pf... 25ft
3 United Retail Stores.. 1234
. U S C I P A Fdy. ... 13
8 U S Fond Products... 0ft
8 U S Inrt Alcohol 8694
8 U S Rubber 87
8 U S Rubber 1st pf... 10794
BUS Steel 90ft
7 U S Steel pf 106
6 Utah Copper 65ft
. Utah Sec 8ft
6 Vanadium Corp 70ft
. Wabash lift
, . Wabash pf A 304
, . Wabash pf B 20
, . Western Maryland.... 144
, . West Maryland 3d pf 20 4
. Western Pacific 33
7 Western Union Tel... 83
4 Westlnghouse 13 & M 48
. . Wheeling A L B 14 ft
. Wheeling A L B pf . , . 25
Wick Spenc Steel Corp 31 14
46 461
27 27 ft
34 54 35ft 4- ft
21ft 22 4- 34
SI 96 - 1ft
78ft 79ft - ft
4 4 - ft
33 33ft ft
28ft 28H- 34
47 7
03ft ft
97 ft 87 ft 4- ft
20ft 21TS4- ft
42 ft 4394- ft
34 34 - 54
26H 27 4- ft
49 49 4- ft
38 38ft 4- ft
37 37
,18ft S8ft-.lft
89 89 - ft
16 15 ft
M 813
67J4 68ft 54
82 ft 33ft 4- 14
1874 UM4- l4
112 113 1J4
79 79 4- 1
39ft 3914 34
24 ft 23ft 3ft
1634 15ft- ft
3ft 4 - H
43 45 - 234
49 48 - ft
57 67 - 1ft
80 801
81ft 82ft- ft
83ft 93ft ft
28ft 29344- 34
85 85ft - I
2734 21ft- ft
41 4ZH4- 1ft
31 3234 4- 154
42 43 4- !!4
6 6-14
84 834 4- ft
15ft 10ft- ft
137 137 ft
9M 8J4 .
53 ft 6354- T4
3.1ft 34 - H
70 70 - ft
9o;4 or.ft - 34
I33 130 - 8
29 2094- ft
6?ft Ca 4- 34
OMft 6f4ft- 3ft
105 105ft ..
S3 98 -J- 3
32ft 32ft
lNDURTniALS
'8;h
Arm) Call 2-.
A ft rift liTpiCtlVfS .. 1 1 i
TvSw Last I
I nf t.ffflit . .... ft
i'I 'rtn Mlrmtn 1ft
( oni"? i lnioii . ;!
cciumtr i Limeraia , . . . o
'4
(lnrl Aiplmlt
ursp on
arspe Ola prat ........
Ittrcutea rpr
Indian IMcklne ,
IOcomo'jtln
N J Zinc
North Amer 1'aptr
Ntt'l City Tl.ink rts
Perfection Tlr
Itndlo Com
lladlo Com pref
ntpubllc Tire nub
n J neyuolds (new) U ...
Huhmarlne Hoat
.sweats Co
Triangle Pllm ........
U B Utah flowd Tool ...
U H Steamboat
t'nlted front flhirlnc.
United Retail Candy...,
Wayne. Coal
63
3
i
H14 H r
10 10
21", 21
6U '
60 00'!
4 4
a , as
23U 25 U
170 179 170.
ns ni M
103 103 103
1A 1H 1H
H
44
1H
.'J
2V
3
n
12U
1
?
2H
T
12. 12.
ay . a'i
STANDARD OIM
Vacuum Oil
.303 363 365
l
"t
?
300
MO
18990
200
1000
1890
7990
100
17300
1300
1800
300
3800
13100
5000
600
18900
4300
890
200
1500
8S0O
1100
800
11800
609
400
1500
690
1 Willys-Overland
4 White Motor
3 WlUon A Co
. . Wltconsln Central...
t Wortlilnglon Pump.
Ex-diwdend.
T Kx-rlchtf.
J0'4
47 ft
54
34
64
62 S
19';
5.t;
40ft
10 ft
51 ft
37'a
404
1894
cm;
84 H
13
20 ft
1224
63 ft
47
TJD3
lift
25
70
"ft
59
5ft
83 ft
197H
8934
103 4
Vt
8
68ft
10 ft
211 ft
lflft
12 ft
18ft
31
8J
4734
13ft
24
38ft
"ft
46
53ft
31
6ft
ft
1
54
ft
5 94-
63 ft- 1ft
20 4- ft
53ft - 15
49ft- 1ft
10ft ..
52 - ft
37ft - ft
4o4- 'H
10 -- I ft
6834 - 1 ft
81 34- 1ft
13ft- 34
30 J- ft
133 ft 4- ft
6534 ft
47 4- a
20S-Uft-25
-70ft-
14ft-60-1
fi3- 1
8534- 194
16794- ft
99 ft ..
108
64 - 134
8 - ft
6894- 1ft
ftt- I
33ft 1
20 4- ft
1434 4- 254
20J4 4- 354
33 34
83 - 2
48
UK 4- 1ft
25 ft
39ft- 334
14 ft- ft
46 - 154
4 3ft
33544- 1ft
63 - 1ft
INDETENHKNT OILS
Allan Oil 2
Allied Oil 27
Arltnnau Natural Gas... 13
Boone Oil Sa
linjioti .waxieo 2
Carlo 8n ., 14
rillei Servlas 'lt'' ctfa.. 34
running j-eto
Poinlnlon Oil
ISnttlneere Petrol ...
Ulk Hasln Tet
Krmeralda Oil
'1era Oil
Gltllland Oil
i.rnnmla
O.enrnrk Oil
Kay County Oas ...
MKliiCfton Pet
ljneo Creek ,
Mldueat Ileflnlnz ..
North Amer Oil ...
Producer L n-nners
rtyan Oil
Salt Creek Prod ...
Hlrnnu Pot
Hkelly OI!
Speneer Petrol
tin Tea Oil
Vulo.in Oil
Vlrtnrla Oil (new)..
Western Slates , . .
Whlto Oil
MIXING
AI&aka-TVIt Columbia ...
Ilia- Ledgv
Potion A Montana
fated Mining
Calumet & Jerome
fandflarl.1 Mln
Conn Vlrrtnll .
Cortes Silver
f'reseon Oold
Plvldn nxtenalon
11 Salvador
Uureka Itolly
Mi Mlntm
Oold OeeI(,p
f!o(!"lM Florcnco
Cold Zone ,
Hecla Mlnlnc
Jumbo Extension
Iiulelana Co
McVamars.
Mareh Mlnlnc
Mother Iv1
Mother Lodo (new)
N'pleslnc
onntr sllver , ....
Prince Con
Ilex Cons
Rochester Mines
Simon H L
Pner a Copper
So Am I" A O
P iller Lead
Tennpah Belmont
Tunopah Cuali Poj"
Tennpah Kxtenalon
Tennpah Ileerun Eula. ...
t'nlted Kaatern
ivt Knd C
White Caps
BONDS
Allied Paeklnr ii
An-.er Tel S.i of "22
Armour 7s
Amer Tel 6a 1024
Arj-'lo-Amer 7gB
TWIln 4a
T'-AnVford "s
C.o,idrlch Tire 7a
Itamliurr 4'3h
Mnrrle T1 e
Nat Cloak 8i
Soulhvet Tlell
Seaboard C.i
Slnrlnlr "Ha
Southern Ily r...
Snlaa 3'4 a
Texaa Co 7a
Went I-C 7
2
26
12
'1
84JJ
'
8,
Oil
. 2H a. 24
. an 20 so
. jo in io
. it'4 2 2
. ! t'4
. 0V1 0 6,
it ft A
.104 153 153
. 4 .Ti 4
. 0 Oft fl
. 21 21 31
. :i8l 334 :my.
. ia'4 13 12s. '
. ion io4 ton
. 13U 13 13i
. i 4 I
. IV 1 1,
. IS 14 IS
. H t H
. 24 21 St'4
Security for
Credit Managers
The credit department of a modern incr
rantile concern shoulders financial respon
sibilities equivalent to those of a bank-J-but
without the security that protects the latter.
The American's Policy of Credit Insurance
furnishes just such security. It not only
insures the credit man's house against ab
normal, unforeseen losses, but it insures the
credit man himself against risks and unrire
vcntable mishaps, and constantly strengthens
his standing as a credit executive.
Nou; of all times is the time to safeguard,
with the American's Credit Insurance,
against tne uncertainties of trade. Man
ufacturers and wholesalers, write or phone
today for complete details of our protective
service.
X AMERICAN CREDIT-INDEMNITY CO
or NEW YORK E. M. TREAT, pkisidint
I6SUIS STANDARD UNUMITIO POUCH J
t
W. J. Morphy, Manager. F. J. McFadden, General Agent,
MUTUAL LIFE OF N. Y. BLDC.
Philadelphia, Pa.
ft
64
1
38
I
1A
7.1
20
ft
61
34
;
i'.
o .-. c
4 4 4
41 su 41
4A 4A A
12 12 12
4 't
U A l4
17 IS 17
67 f7 ftT
,i"4 .-.',
in n io
l '
A A A
f4 4 4
9 n p
i i 1
la 154 ift.
li 4 4S
is. i 4 i
0 0 (I
IS 1A IS
to yn 01
3U JA S,V
J A 1A 'A
0 8 0
Rl SO SO
os4 P14 ova
pa rrn on
0.H4 024 on'!
no-i no pi
IS 14'; 144
21"i 2I. 2I4
4 02U 021;
11 15 IS
PR'a 98 PI
PR.4 ?fi PSK
024 PC4 024
(104 nn 5.1 4
08 P7'i 074
ni S.-.U psi.
8H4 884 8.14
no nn nn
984 084 084
FOREIGN EXCHANGE
New York, Sept. 21. Foreign ex
change opening was Irregular. Sterling
showed a fractional decline, while other
principal exchanges were stronger and
Scandinavian was weaker.
Quotations were:
Demand sterling 3,51. cables 3,,"ls4
off ; : franc oablca 6.81, checks 6.80:'
lire cables 4.36 ft, checks 4.36: inarkr 1
1.62; Swiss cables 16.21, checks 16.19,
Belgian cables 7.21ft. ehecltH 7.23ft;
pesetas cables 14.72. checks 14.70;
Stockholm cables 20.40, checks 20.3B :
Chrlstlanla cables 13 75. checks 13.70,;
Conenhagen cables 13.76, checks 1,1.70 ,
Korelen exchango rates eased In the
first hour of trading. The mnrket gen
erally lacked vigor. Demand sterling
was C DO'i, cables 3.51; franc cables
6.81. checks 6.80 ; lire cables 4.36, cliecku
4.34 ft ; marks l.GS
Central European exchange rates
were virtually unchanged from the pre
vious day Austria was .44: Hungary.
.36 : Czecho-Slovakla. 10.40; Poland, .41 ;
Finland, 3.0a ; uumanta, z,03 ; Jugo
slavia. .81.
TESTERDAYS PINAL QUOTATIONS
Sterling Franca Lire Oulldera
Demand .... 8 B3ri (1.78 4.37 81.21
Cables 3 54 6 80 4.39 31.37
TODAY'H OPBNINO (QUOTATIONS
Bterllnr Tranca Lire Guilders
u iiuniniii
H
SOME FINANCIERS
THINK A VOLCANIC BUSINESS
ERUPTION IS IMMINENT
AND THAT FINANCIAL CREDITS
WILL BE SHOT TO PIECES'
ITS not the first time It has happened. A
period of slow payments and bankruptcies
usually follows that of unusual business activ
ity, labor independence and high prices.
When the tide turns look out for trouble.
Then's when you need somethinR more than
mercantile ratings and commercial assurances.
The "London" guarantees you against loss.
It eliminates credit worries, assumesyour losses,
pays promptly and without quibble. Better
investigate and protect yourself now rather
than have regrets later.
OUR SUPER-SERVICE
LostesRudln
American Currency
AT YOUR.
SERVICE
Established
Eighteen Sbcrnine
LONDON GUARANTEE AND
ACCIDENT COAAPANY LTD.
R,. A. IRVING, General Agent
Thone Lorabird 4016 8Z0 LaFayette Bld,
rUlLADELTHIA. PA.
-. .M.i.i. 11, 11.111 1. ni. mill 11 ti .,.1 innwaBilHl"""(....
compared with 1023.354 shares yesterdaj Thm far thla we-k 1 75P r, shares Same period
Philadelphia Stocks
Commodity Markets
Kat
Close chie, I
.11 'j J
H'sa Low
i Am Strs. fil M
200 Am Mill's 8'i &Vj 3i '4
.V) ItufC & S
t c pf... 15 13 !"
lOOtConsTci 202 20 Va 201-j-l
lOOtCrucibk-
Steel .. 120 Vi 1201& 12JHi..
21-1 F.l Htor.lRfl 135 VA - t
OlOKrie ... 20, 10 20 -r ,
OOenAspU .,.
pref .. flrt'l ftO'i IW'ej-r-..l
kimV V AM 2S 2S ..
tltO Lake Sup 13h 12h 2)
tn
COTTON MARKET
New York. Sept. 21. The gult storm
helri the attention of cotton tradeis at
the opening of the exchange and firvt
nrlies ndvanced 4 to 17 points. The mnr
ket pt ew urieans was even stronger, reached. PrivetMcd and cooler wenthM-
moimg up about ... points on reports wa8 rf,,ctnl ,.,, nn th lr
nil linn VM PJM1AI4 llwi (llli I 1 - .
torni uas being Hatched as it might
showing any iotcrett in United States
wheat.
Liquidation induced by ideal weather
in tho belt and big receipts carried
prices for corn iloim sharply Into new
low ground for the season. Nearly all
Important shorts had covered and tills
made the market ull the more suseent.
Ible to helling. Many stop orders were
that the storm was due to reach the gulf
ront tomorrow.
At the end of the nrst fifteen minutes
the local market had become strong and
WOrK UP into tie Soilthwp. Renter.
ber guvp evidence of receiving Mippor't.
warn wire nenvv witn tne other
:iimi 1 .en Nov. in m l w 7-j- -t
in the ran uivisions uere enlivened to, ' 1f, j ,, Vnl ifiV, dO'a 49''. L.
I some extent by addition of a number of' ,!i i' Ik v Tr
1 the Veil York stocks. nref 0 "" 0
In the miscellaneous llt I'nited Gas enir n '' ors- 0- 7s: jl 1
I ln,nr.n.nl r..li1,.e,l n Krrn ! ...! MHJIO I .U. -1 I -'I -' 4 T k
Itlip, .''., 11. v .'....... ...,v uun lfl Y II
I. nil till to .ill'n. nut SnnitlVl vnh.n. "'"-.. .i--, i-l fil
oiiHiitlv from that ".notation. Klcctrlc & J.1 .: ' '...t? 'In"
,Hlll l-,1 IV IV. -7S - J
Orn
2 3t"4
Hiah
2 40
J j1
AVest Penn I'r. 5s. 194G
Knoxvlllc Ry. & Lt. 5s. 1916
Hotel Traymorc tin, 1927
Luzerne Co. Gas & Elee. 5s, 1948
Illinois Cen. Lt 5a, 1943
Empire Gas & Furl 6s, 1926
Municipal Service Ss, 1942
Public Service Ctorn. N. J. 7t". 1922
10ENHIHQ, GARRISON & CO.
. rtwm kxchamok Bunrx
Btre4 frlnU Tetaohone t New Varti
Storage Ilattery on nominal dealings
fell bsck over a point to 13.", later
ralling to 13ria4. Small sales depressed
American Stores 'j to fil
GOVERNMENT BONDS
CHANBLEJJ&GOHPAir,'
Franklin Bamk BIdff.
PhiladoIphU
"mmm "i
1 ar'tra '"upon L'4 1P.16
lernt-a reclitrd 2" IP.','l
I'tn'ima. '-nupon '.'a 1P8S
Punama rfrfMire.t a lP.'m
r TA -n l rouron 3e IM1
rinimu reafaterert a 1061
I'M Ipptnn 4. "3
Phlllpplni 4 10.11
Vt' ipnlne 4a 103H
" h Govt eoupon Qi 1910 .
' K Oovt regUtired 3 1030
f S Ooit coupon 1 I0.M
1' h Oot reilf ered ( I12B
D.t of Columbia 3 fl'ia 10J4
I' 'I
01
I'll
I'd
101
7R
7B
lnpi
101I
tnni;
So
k
10J
io:
iej
io-j
o
so
as
i.,-,
H.-,
102
10.'
inc
loa
Thl1fl A.
WVst pf 28 23 25
1(11 J'hilu IPS
Wite .. ."2'j .i2
1710 Phil Klec 20iy 2i)"H
12." do war. ' It
2110 P n T.. In
300 PhllaTrae 50
00 Ton TIel . 1
110 Ton Mln las
1H5 T'n Tract 25
in',2 r G I., klla
inti; h Hti. no !
". 14. ";
42
vn nKnnf .111 nnlntq oici last nlslit s...ni.. t t..ij.i- "
,...., -v. .- . .- - jiaiun. i.iiumation wns under wav
close. throughout the cession and tho cash
Reports that rains and high Minds article was easier. Shipping sales were
were prevailing ot Galveston and that 1 140,000 bushels, mostly deferred.
the railroads were moving rueir ireigut , wheat
and rolling stock to th" mainland pro- g?c'7Jb"
moted local nervousness In the early M Jorn
afternoon, but failed to stimulate new .leytember
bu Ing of consequence. Predlctloim were D'tn,1r
for rain over both the central and west- neet'mber
ern belts during the night and tonior- May ..
r.xports tor tne u aggri-Kitii-u ""' uotooer
lales. all to the Continent, For the l.ard-
Low Cloao
3 SIS 2.82
i 20H 2.204
j 21 1 Jt. j 2,74 i.2aii
1 O.'v I 07"4 1.0t44 l.O.I'.i
CI Vt
UVi
01'i
AS!
r.n
03
ad;
83
-B 73 2100 25.00
26 00
.10
1"4
24 K
35 Vi
52 'u-,
20i .
'a.
50 .
Hi..
14 Li
25
35U
no Ml
easo'n to date, the clearances amount I VS !?!',,'.
, to 20S. 101 bales, compared with 000.- , rilba-
- 1S2 bales In the corresponding Period gjtmbi
Inst season.
Receipts at the ports were estimated
s at 33,000 bales, against 17.4R3 bales on
this day last week and 10,127 bales ou
this day iat.t year.
20 80
.10 OS
17 70
20.(1.1
10.03
17.S0
17 70
I P. S.I
17.S3
17.01
17 03
in,T
17.80
17.20
17 SO
APPROVE BOND ISSUE
Or.
In-
Jan
March
Provloua
cloae Onn
28. 02 2S.S6
23.37 2S 30
24. SO 2S.00
2.1.40 24.04
28.03 23.8S
Hiah
30, 4.1
2O0
23. SO
24.44
23.R3
I.o je
2S7.1
2ft. 10
?4 SO
at.oa
23.33
New York Central's $25,000,000
Financing Passed by I. C. C.
U'salilnsion, Sepu 21. After an In
lestlgatlon "of the clrcumamn,-....
H12l5l,?hl 'tending the inarlietliig" by the
"138n,noWnnnVo.rl'' ren,r Railroad of $28,"
1 000,000 ten-year 7 pr cent collateral
trust bonds and a similar amount In
reiunuinn anu improvement mortgage
Clou-
. so
Jt 12
14 S.
4AHf.ii7.ui frl 141 14U 14U4-2U
Vet rhare made b7 comparlaon with last Jt
fa i on v'e TorU Htoc't Gichance
r . e- 13.S4S aliarea. compared with
ti if l,n ra '.cateraay Tnus tar tnu veru
th 4) aliarea. Bame period laat wceli, 1, 879
h&rep
- - -, in nn?iii!4
lV4hlntnn, tjepu a The Interstate , amoo Hlch Ir Cose char. ,.elnto n iftrtrt ran at Winn neir and The commission found lirn.... .k.i
M?lon'of TeTminM i?mmlS'' 1S 2'4 Cit5S ,0c" " H' 8T ' " heaviness Id that market, another break I in vljw of the amall finanelal rlak In
attention ot terminal mmmittees and, nAm. Tfon K . .,, i - 1..1. j. i volved and the anmuent ac. .,.1,1.
-' . .-.. ---- , in sterunr oxenanae. n ii:k i uriiiunu -..,.. ... ,-.'.'.--. "-. . w?-"v. '..
Urge Prompt Handling of Cars
GRAIN MARKET
riilrarn. Sent. 21. Large offerings of bonds, the Interstate romm.F ..
r 11. 1... -4 xrtnn..nnii. . mission today gave Its amuoval to the
vauauian grnuen nu ,ihuihk,,,,i " traneactlon.
i
Hecker & Co.
Backers and Broker
aaeaaK riilu'DV fl ti f 1 nUTllIn lAPI'lea Ana. 1
'melons to"' tho urgent nioVa.r.s fP'l ' "l 101" 1
(iiuiii imii'iiinn ... im ii'i.mr rs an-'- -' - a rn C An c- n t a ariinr icij iu
a means of movinr the hea,i crops of I 2d -INs. . S.i.fin K W Si.nO-f.oO wi,n tn,inv
(perishable foodsturrs The organlrat'om. 10.10 3d 1U". KH.nti XVM SM.ri-14-. 10 i,, q
I ur. aalced to Immedlateh- lnainriie.-ii I . . n n .t,x. ia:.. Br.11.1 Wll'i or, nil 1.1 '!'."". nl
,1 campaign In co-operatlo'n with shin-1 1ft v'i,. .tx.n 05.54 03.50 I)5 544- 08 .
n., pnnalBiiees and cjrrlera fne lh 19 i." . Yi.. " '"""" "f .WO ventures on
I ranld movement of this eoulnment I -1 Thlla liec ., ;. here were
I .. IffMy.v " bl -- buyers of
.ben t Fhlladtlphla and Nair Toik
O40CK Di.-IUia
TH AND CalgHTXUT ST8.
CHICAGO BUTTER AND EGGS
Chleaso. Seot. 21 nUTTCn I?n-hned
irflf:Affla4ier Ttl-eelnle. 1I.IXR fc..
Flrats. B8HOfi4Hci ordlnaej tirsta. ISfltsn-'t
t mark, oaaea Included, 4Jj3cr atajIdaVdi,
ooe aiora-K"o ura.a, usiaaravc
in P nnAHtL
rmCa'70 70V4 70Vi 70 Vj..
10 Welbaeh Cis. 03 03 03 . ,
.ImVwodTaVtV'Jk, ijoVeo.:"' ''!a icropla moving in vqlum., they are not
in sterling exchange, a lack of demand ;J8U'XnMRii'nl,7s w''
f-uiiniucraiiiu "M 44 ' n " lu waw uucrsi
and nrlccs suffered severe Both Issues were sold ihrnni, 1 r.
nport was poor, as there wns ' Morgan ft Co at 97, or, the commission
a . a 1 I nOlfl 'II rlil (1 TI' A.a I I !
e news to encourage fresh """ -' ' vr "l oasis,
, the buying side. Kecelpts
light. Mills were the best Cloverseed
uomestic caan wneat, toimo. o sent 21. 4-!inv.r..-,in-.i
Kxnorters said that foreigners were CfA1l:...0l0Jr. tin so; icmbor. January.'
Ke.l,lln. olnof Pn.lUK nneeK..e If "".. ""if. Si" ""en 1B. AlBlkPrm()
mw.. o fw .".. ,..mv.,., Knl fin ,n
was said, anticipated tneir needs eariy
, uoioner. 117.20: Dacemliee
ill. xd; Marcn. 117,23, TlmothVw PriniV
bctober, ,a, Ueceiabtr 18.60) Wifch,
Demand
Cables .
Demand
Cables
Demand
Cablts
a.ni 8.80 4
s.ciu n.si 4
NOON QUOTATIONS
Starllna rranra Lire Guilders
.. 8,404i S7H 4.37 81. OK
... 3.30 4 H 70 4.33 81.10
CLOSING QUOTATIONS
Sterling I'ranca Lire Guilders
.. 8.48. fi.f.O 4 31 81 00
. . 8,40 S 0.71 1 J.J 8 li-
BANK CLEARINGS
nanlt clearings today compared with tor
reipondlng day laat two jeara:
1020 1010 1011
Phila ,,R0..107.!liri TTR.rt.ll 124 t.14,141,401
Hnaton... 63.013,1.11 .',2.fl1R,7iW 44 297,rnl7
N York .32.3S.2lfl 001. .100. US C50 OTJ "nn
Ilaltlinore 18,711,000 14,472,1104 ... ....
Chleaso. 112.721. IIS 107,420.370
NEW YORK COFFEE MARKET
New Yorlt, Sept. 21. The market
opened firm aud 12 to 31 points above
the previous close, There was nn ac
tive demand from prominent trade, to
gether witn uuying attributed to Eu
rope. Some believed that Hrazll lias
been privately reported higher.
According to the early official cables,
Santos futures sold very steadv and re.
cently have resisted pressure.
The market, niter the call, sold 30
to 31 points higher. There is a possi
bility that private advices are in the
trade reporting firmer conditions in Rio,
which has been weak recently, or that
the llrazlllan Government has taken
some definite steps to support the mar
ket there.
Sent
Oct
Nov.
Dec.
Jan.,
Feb .
March.
April
May. . .
Juna. .
July..
Autr. .
Bid
Open III1I1
7.C370 7'. 76
s iiis sin 6
S25
aiisQAO s'.sb
8.28
O.lOOln 0.10
0.23
0 23
, , Test
Low r lote cloao
7 7072 7.IS
7.05 7 87SISS 7 SR
. R.040.1 7 R'l
8 10 S 2022 8.00
SSM40 R.10
a,ft7ifrnH 8,30
8 70 8 7.1,3;77 SS8
8 Mm 01 R.fjli
B.OO O.02fO4 R 711
... 0.1012 u,-i
S.1B 0.1 Bit "11 Km
... 0 236i
23 8 05
Earnings equal 24
on market price of stock
Philadelphia Insulated Wire Company shows
total gross sales to August 30 of $1,979,419, an
increase of $813,671 over the same period for
1919. Net earnings it is estimated are now
running at the rate of about $12 per share,
equivalent to 24 on the present market price
of the stock, which is 52.
The company has no bonds or preferred stock.
This stock is listed on the Philadelphia Stock
Exchange.
Further information can be obtained on
request.
GEOWnKENDRICK 3rd tf CO.
Jf3rUzers
PHILADELPHIA.
Telephones; Btll Horore 0129
Keritoaa Ituce 1131
143V WMNUT 6T.
Mtmbera New York and Phlla-
dtipnu oiaca utsiom
w
DIVIDENDS DECLARED
TadAc Oaa and Fileetrlc, quarterly of SI ",i
on common, pajabla October 18 to atock or
record September 80.
Taylor, Wharton, Iron and Steel Co., ouar.
tarty of 1 per ent on common, payable sr.
temner 80 to atock of r 4 cord Bintrmh.. ti
Nf Enaland Taltphona and Ttlearanh
0'iarterly 12, payable September 30 to atoe c
of record Baptember 22. "
Alliance Realty Co., quarterly iu ,..
rent, payable Outobar 18 to atocls of record
October H,
American Agricultural Chemical ouarter'v
of 3 per cent on common and IW r-r rent
on preferred, both payable October 1.1 m
atock of record October 1.
Wealern Klectrlc Co . ciuarlcrlv of 18 30 ,,
common, payable September 30 to alocl. of
record September 28 '
Reserve Bank Calls for Repayment
New York, Sept. 21. The Fedtiu, ,,
servo ltaiilt has cal nd unnn rfn.i.....
banks Intthls district to rennv ft nnn I
000 of United States deposits Thursday
There were no ropayments last week
owing to the sale of new treasury cer
tlflcaleB on fJeptember 14. Government
depoolta in the local banks were In-
vrananu f ivo.vuv.vvw o KO.ODO.OOO.
Business Liquidation
evidences of which have been appearing for
some time, should tend toward easier money
with its resultant effect on sound investment
bonds.
We are prepared for this situation and
will be pleased to
(1) Furnish infotmation regarding investments.
(2) Go over your present list of holdings with
the idea of arranging this to take full advan
tage of present market conditions.
Bo consulted on any of your, financial
problems.
(3)
Correspondence Solicited
STROUD & CO.
Member Philadelphia Stock Excba
1429 Walnut Street
ng
l'ENNA. TAX FREE
SECURITIES
. PAUL A CO.
Members 1 PhlU.atoek Kxchanc
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