r ,'
".
4
J.
fimim PUBlid i EDGElOT3AiELPHiA; TUESDAY, SEPTEMBER 21, 1,920
'
Your Banking
Headquarters
You are invited to make
this bank your head
quarters. Complete fa
cilities, to render a
prompt and accurate
service, are at your
command.
The counsel of our
officers will gladly be
given on any business
problem.
We Invite You to Open
an Account With Us.
Third
National Bank
In the Center of Thing
Opposite Broad Street Station
(U
Financial Briefs
Foreign Securities
Foreign Exchange
Bought and So72
Morton Lachenbruch & Co.
LAND TITLE DLDO.. miLA.
Tel. Sprues 881, lUce 6090
New York Chicago Detroit Plttabursn
Offlcts interconnected 1y private urfret
Pacific Fruit Exp.
Equip. 7s
Gtd. Union Ptfc. & South.
Pac Philada. Plan
1932-19341935
Price on Application
Townsend Whclen & Co.
DOS Climtuut Ntrrrt
Tho nverago price of twenty auuvo
Industrial stocks declined 0.93 per cent
yesterday to 88.88, while twenty rail,
roads declined 0.00 per cent to 80.19,
' The New Tork Bublrenaury trained
179,000 from the bank yesterday, re
ducing the caiili net loss slnco Friday
to ;si),ooo. ,
For the week uidlnir Sentember 17
comptroller of the currency lssued'char-
"' iur oiBnt national nanus wun aii
agltreirate canlta.1 of S17.17R.000! re
ceived applications for charter from four
tlfltlntinl honlr. m1K mm nrrinr '..nttl-
... ....... uu.ano TT ,kl ntl U . VI.IU jmXM.
tal of S18G.00O. anil lnrrffn.nl thn rainltat
of three national banka by an aggregate
At a meeting of the board of directors
or the 1'ennsylvania Co. for the In
surance on Lives atidlQrantlng Annuities
JId. .yesterday, John 8. Newbold, of
W. II, Nowbold Son & C6 was elected
a director to All the vacancy caused by
the death of his brother, Arthur E. New
ibold. Sales of tho United Cigar Store rt
America exclusive of agencies In the
flrst fourteen days of September showed
an Increase of 1825.837, or 39 per cent
over tho corresponding period last year.
This Is the largest Increase for uny
similar period In the history of tho com
pany. Manhattan Electrical Supply Co., Inc..
reports an Increase of S780.5G7, or 18
per cent, In their gross sales for tho
tirst eight months of 1920, as compared
with tho corresponding period Of 1919.
Sales In 1920" were 16,121,333; In 1919,
$4,340,776.
Prices Improved on Paris Bourse
rarU, Sept. 21. Prices Improved on
tho Bourse today. Three per cent rentes
were quoted at tut 6c; exchange on
London. Elf 66c; 6 per cent loan, 8Cf
BOc. Tho dollar was quoted at 14f
70V4c.
NEW YORK BOND SALES
fitrmmarv of ImlUldnal Transactions on New' York Exchange :
Amer 8mH'sT
Ite'r 5s
a 7AVi
1.....
0 75
n..... 76
B 7SK
S 70
10 7B4
10 7BH
A Tel a Tel elt
3 70
1 78
1 77
A Tel & Tel Sa
BALKS IN I1O00J
80
80
SO
80
80
804
2 SOU
B 80 H
B 80k
11 SOU
23 80 H
A Tel Tel 6s
1.
1.
14.
1.
IB.
1.
6 72
1 72U
B 73
Ctl l'aelflo 3H
13..... 77
Crnfl n Tl of
N J 6.
1 OSS
0 SB
C & Ohio 4 He
2 7B
7 76
1 76
C4O0V 4Ul
2 75
1 7BU
Ok & Ohio Be
1 00U
CkiUCf Sj
Tennessee Power Co.
First Mortgage Si, 1062
Portland Rwy., Lt. &
Pow. Co.
1st & Ref. St
Due 1942 .,
BANKERS
321 Chestnut St., Philadelphia
llemltrs New York and I'Mladclthln
Stuck Exchanges
Stockwell, Wilson & Linvill
Certified Public Accountants
Land Tide Bldg., Philadelphia
PHILBRIN CORPORATION
Krnn.tl Nqusre. Pa.
Ignition systems fnr motor.
8 Cumulative preferred stock, with com
mon stork on attractive bnals. Itroort of
pay A Zlmmrrruan.
O. B. LANSINGER
1B24 C." -7lti-rt
Little Schuylkill R. R.
& Navigation Co.
Charles Fearon & Co.
33S Chestnut Street
To Holders of
Cities Service
I Company
Convertible Gold Debonturei
) Series C, Seven Per Cent
Holders of tlm above Debentures may com
wrt. on October 1. 1020. or on the nrat day of
yj- month thereafter, ten per centum (10)
f the atrgresnte principal amount of Series
s.J?J,n-tur?a .Kd J5y ,hem respectively on
SSSitlS h 'i-Ji?-0- Conv''on must be re
qujated by such owners pr or to October 1.
iJfKSf prlor J" ln" ""' dv of any month
thereafter, and upon delivery by them on
tiJS!"!' cl1h!r H20. or on or fffore
C-b?ntury.nofn,y y.nl1? thereafter, of thS
Jrlv.iSiAj.r3 df-"lr"a ' bo converted (prop.
rvL.. I"fi lf rwlstered) to Henry L.
B?b?n!Xr S.?!Vpiin.y' cal Aswnts. such
i?.ETi ur? wl" bs converted tnto Cltlei
BtoTk?r.C?C,.n??,'i Fn.'Vn.i ,and Common
turei r.ritiJ.V5"11 aet fSrl! ,n ' Deben
(M,!iii.cJStl.,1cat".orJ. whlen stocks will be
.oSntanrdo,1vneityt'3u,B,: 'Uh " '" th9
Henry L. Doherty & Company
Flecftl Arents. Cltlee Service Company
0 Wall Street. New Tort
Ptf(l, S.nt.mber IB. 1020.
Lawrence F Rmwn JP- r
CiJ,l.,.E.Dt tUBLIC ACCOUNTANTS
163(1 KUAL KSTATK TBIJST IILDfl
Imome Ti ri;i...: """ """ "
riNANCIAt,
odd Shipyards Corporation
Netaee of Adjourned Special MeoUnB
Stockholders to Authorize an
ncreaio in the Number of Sharos
-an" Amount of Stated Capital
'Stela? m.l.hi'lay of SjP'onlber. 1020. such
Wi SuthoHS. 2",eU.n.Jr. . .vol. upon
er ,. - l.,7" .."wvniti in ine nuniDer
Where Oil
Yields 51
In Gasoline
This week's "Investor and
Trader" contains a special
article, with map, of spec
tacular new Cat Creek
Field, Montana; with latest
significant operations;
holdings and plans of
Glenrock, Elk Basin
Producers and Refiners
Marland Refining
Midwest Refining
Four wells already com
pleted, one flowing 3500
barrels daily and many
others being drilled. Also
live news of other securi
ties. Sample copies without
charge. Five cents at news
stands.
Call, phone or write
Ask for No. T. U.-959
JONES & BAKER
Specialists in New York
Curb Market Securities
Widener Bldg., Philadelphia!
t nones dell, Locust U730
Keystone, Race 2290
Offices in 9 Principal Cities
Direct Private Wires .
i....
5....
3....
2,..,
0....
1....
1....
1....
8....
2....
00
0UV4
BOH
0BK
0014
00H
00
0BV4
oou
Ann-French 3a
1 16.
2n....
110....
2....
27....
2..,.
10....
4....
10....
n.
6.
100
100 1
100
100
100
100
100
100
100
iVO
100
Arcentln. He
public 5.
10 (1DU
0 00U
Armour & Co
II Est 4a
1 70'i
1 70
1 77
Atch TopoKa A
S Fa 4s
1
1
1...
0...
0...
1...
4...
7.-H4
75 V
7BVi
7i
76
75
75H
7574
75 T4
4 70
Atch Topeka k
B Ve cv 4s
1 07
0 07
8 67
Atch T a U Fe
nv 4. '00
10 84
4 H4
Atch Topeka &
8 Fe aj.
4 71
5 71
All G Lino clt
5 70
1 70U
All C Line 4s
5 74
All C Line 4j
n .. tu
.. . X . l7t
Atl Coast L'e
rets 7a
1 04
Bait & Ohio cv
10 08
S! 08
2 08
2 68
V O 8W
8 OSfe
20 08
li.ilt & O 3.
1 82
Bait A Ohio 4s
2 0S
10 08
5 08M
Bait A Ohio 5a
1 08t
S 08
8 08
1 8V4
4 08
Bait A Ohio 0s
1 80
1 80
1 80
n w
5 80
I 2 eU
n & o p l u
A W Va J3
1 03
10 03
I 11 ii O a W"n
niy 3s
8 76
4 78
0 75
B A O Tol 4a
0 65
1 55
2 64
1 64
0 65
4... . 55
Beth Steel fd
i 10 7014
.Beth Steel let
1 80
Beth 9 Ba '30
2 70
4 70
Hlkyn Rapid T.
7a ct Sta
I 0 89
Bky U Qaa lot
1 72
Cal O A E 6a
1 2
Cen'l of Oi en
1 81
Ctl Leather 6a
1 80
6 80
1 80
Cent'! Pae 1st
2 72
10 72
7.
2
1
6,....
2
1
1
10
2
1
1
0
3
6
1..
85
85
85
85
86
85
85
85
83
85
85
85
85
85
85
2 74
City Bord'x A
1 83
City of Copen
hagen 6.
1 77
1 77U
Cty N.w Tork
4. of '58
a.
la.... o. .
Cty New Tork
4m '04 res
it 84
City N T 4s
May '67
1 ,00
City N T 4s
NOV '67
8 01
1 oou
City Parlf Us
Cht A Alton 3a
2 43
C A Alton 3
4 38
0 38
Chlcaso A Al
ton char 6a
10 87
C U'n A Q kn,
1 7f
5 77
C B'n Q neb
1 88
CBAQ11 3
0 00
C U'n A Q 4a
00
00
00
08
00
00
00
00
00
06
0U
1..
2..
1..
5..
3..
6..
6..
3..
2..
20..
1..
C 11 A Q 11 4a
6 70
B 7U
Chlcaso A U'n
Ilia ct 4a
6 32
B 82
Chi A r.rlo 1st
1 77
1 77
Cht e; Own 4a
1 60
1 66
1 65
Chi M & Punt
Sound 4a
10 03
Cblcasu Mil A
St P d 4a
1 04
3 ,05
3 04
2 04
4 04
Chlcaco Mil A
6tP 4a '2.1
4 70U
Chlcaso Mil A
StP cv 4 a
1 71
7 72
2 72
71
71
71
71
72
8...
2...
2...
8...
2...
4...
1...
10...
40...
10...
8.
05
05
05
05
05
05
05
05
05
.05
06
1..
2..
Chlcaso Mil A
RtP fd 4s
3 02
60 03
1 US
5 03
1 02 H
1Q 02
Chlcaso Mil A
BtP icm 4s
0 78
Chlcaso Mil A
St P cv 6s
2 71
1 72
6 73
C A Nwn 8.
2 00
Chi A Nwn 7a
1.... 101
1.... 101
1.... 101
Chlcaito 1U1I
ways 5s
2 00
2 U0
Chlcauo It I'd
A Pao fd
2 08
0 68
68
08
08
08
08
08
08
08
08
08
08 S
Col A B'n 4s
1 72
1 72
10 73
1 73
1 73
Cona'd Oa 7.
1 0B
1 00
14 00
8 00
2..... 00
Cuban C H cv
1 02
Dal A W lets
2 63
Del A Hud 7a
1.... 102
1.... 102
6.... 102
4 102
Den A R U fd
3 Bt
0 61
Den A It U 4a
6 05
D A It O 4s
1 00
1 08
Detroit Hdlnoo
Co 5s '40
1 70
1 )
D Can oa -2i
10 08
6 08
1 08
D Can 6 '21
3 08
D Canada '20
! 70
D Canada -'2
2 00
1 00
1 00
Dominion He-
public 6s
10 82
Erie Uen Lien
6 48
8 48
8 48
2 48
1 48
Erie 11 It cv A
2 44
1 44 S
1 4
11 44
0 44
Erie n n cv U
1 44
Erie IlIlwU
10 6K
Hock's V 4e
1,.... 71
6.... 71
Itud A Man fd
1
3
1,..,
2..,,
4...,
1...,
0...,
6,..,
1...,
1....
2....
AO
50
68
50
60
88
60
80
60
68
53
Hud A Man In
5 34
1 24
a 24
83 24
1 24
1 24
Ills Central fd
3 74
111 Cen'l rI 3s
6.. . . . 58
III Cen'l 4a '32
3 70
III Cen 4s '53
'1 08
Ills Cent 6a
1 80
Intboro M 4
2 17
3 17
8 17
0 17
1 17
10..... 17
10 17
10 17
Intboro Met'n
ct 4.
10 10
Intboro It T f 0
4 48
10 i
10 4A
' 3 48
10 48
13 48
2 48
...'.. 48
1 48
2 48
6 48
8 48
10 48
1 MMarlne 0a
1 81
2 81
8 81
Io a Cent'l 4i
1 44
Jap Clove' t 1st
l.
6,
25.
60.
6.
6.
10..
75,
75
76
75
78
70
76
Jap Oove't 2J
20
10.
1.
1.
0.
10.
10.
10.
10.
Erie By Co 4a
6 57
Geno'l Elco 0a
3 SHU
Cbvo't French
Kep 8 wl
52
52
62
62
52
63
62
53
52
10.
1.
1.
7.
1.
10.
1.
1.
1.
3.
Chicago n I'd
A I'ac 4 a
1 72
2 72
10 Tau
Chlcaso St P'
Mln A O As
' 4.... 100U
Chi U 8ta 4
a 77
Chlcaso Union
ma ct 0a
2.... 103
2.... 10.1
C A W I 4a
72
Chile Cop'r 0a
2 74
6 74
2 74
101
101
101
101
101
101
101
101
101
101S
101
101
101.
101
101
101
101
101
101
101'.
101 '4
101
101
101
101
101S
101
101
101
101 Vi
101
1111
101
101
101'i
101
101
101
0 Swtz'd rets
108
0...
0...
6...
51...
25...
2...
8...
10...,
8...,
4...,
0....
3....
5...,
12...,
n
2.'.'.,
3...,
.40...,
4...,
10....
30...,
7....
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1...,
io!!.i
10....
n
a'.'.'..
12. . . .
10..,.
10....
3....
10....
6....
4.
0
1
6..
10..
0..
10..
5..
15..
5..
8..
3..
Jap
75
75
76'
76
75
75
7B
75
78
75 ,
76
2..
6..
1..
10..
1..
1..
10.
23..
1..
2..
1..
1..
1..
1..
102
102
102
102
103
102
Onsen B A Wn
Rwy B
10 0
Irom riii. iV, nlLj '"" jonipanr may laaue.
lllftOo tnUnf.ni uun3 sixteen thousand
IneilL-.i A,0... '.X hundred nd thlrty.two
resae in r,-iV ""'.snares, and also an In
from n " I Mn5iaied ,"Pll "t this company
'" (J580 Ouoi'iS J,nd ,p,i!.y thousand dol
rtxi siJ.i .ill ' to- "J1" million one hundred
1 certfnf",r inSS. '"".'."i nmendlns
iny In th. m.nrp.or,,t.12D.0t ,h,a "m
t.nly.tWo"". """",". provided by sections
corporation ilw F,,ihy,th.r. .f Jna "toe
Dst.Ji m.-.0'."?. stats of New Tork.
uateN.w Tork September J8. 1020.
PARI TiMifin.i7iiEDA President.
V,rKVnwti".l"V.J.?.7A ."UHTUAUB
.Not c. ,. K" .7 .yuj:u ..HOJTM
fM ".n&ny. '""aWS!
crll i 'Yo T Th. .,?jy'"iha'.r vesrs or until
fi" bffiS? .."Vt TStat. li,,r..t",g
ANNOUNCING
Indemnity Insurance Company
of North America
Capital. $1,000,000
Offices Now Open for Business
All casualty and surety lines, including acci
dent, health, burglary, plate glass, automo
bile liability, workmen's compensation,
fidelity and, surety bonds.
WITH PARENT COMPANY
insurance Company of North' America
232 WALNUT ST.
Railroads Need Cooperation
of Manufacturers & Shippers
The country's greatest need today is more adequate rail
road facilities. With the rapid development of industry,
calling: for transportation' of raw material and finished
product, it will be some years before the railroads will be
fully ablo to meet the demands made upon them. In tho
meantime, much could be accomplished to help industry if
shippers would load cars to full capacity, and promptly
unload them.
rx-I ? DAY. YtllflRT rrfHMrrww'r r HtAntrn
ft wa -eth.1 iTSE" J""1 " ranaction I IOC. J-L yif III LULUIVIUMVI. WUKIO
t, r "" ' ' ' ..'JBI ". " ",,"l, "?",..aai.
t - "' to i
fe-HY-f" Kh:,.MiMu TaH w ferte yu. -,u 4 3riK&. ifAf
Oove't 4
.... 60
. . . . 60
.... 68
. ... 50
58
50
58
50
50
2 68
10 60
Kan C A U 3a
1 64
Kan C A S 4a
1 07
Kan C A 8 69
1 70
1 70
2 70
1 70
1 70
Kan City Tcr'l
Hwy 4a
2 70.
1 70
K Dele 0. '21
2 00
K Uelc 0s' '25
1 02
2 03
2 02
8 02
2 02'.
2 02
2 03
1 021
K lieltt'ni 7.
07
07 1
07 .
07
08
07
08
08
08
08
08
07
07
08
07
0S
08
1 4U
N T C A 1L n
It It en 4a
CO
00
68
60
60
70
70
1.
2
10
S,,t..
5
2
10
N I O I 11 II
R II n. 4s
1 67
N T C A II n
B It 6a
1 01
N T.C A 11 11
It It ct 7s
4.,.. 100
10,.,. 100
1.... 100
1.... 100
New Tork CI
L 8 .
7 01
N T Cent'l M
Cent'l 8.
6 01
N T Chi A Bt
LoulO d 4a
1.... 61)
N T Connect'.
n n 4s
1 75
N T Ltsht H
A Pow 5s
1 76
New T N II A
11 4s '68
1..... 61
15 51
New T N II
Hart'd 0s
1 77
1 77V
1 77
1 70
N T Ilwys 4s
10 20
N T Ilys ct 4s
10 25
New T Hum! A
Wn (m os
1 63
N T Tele 4a
0 77
1 77
New T W U A
Bost 4s
1 48
N'k A Wn 4a
74
74
75
74
75
71W
74
75
1....
1.,
4.,
10.,
5..
1..
1..
1..
4..
1..
1..
8..
6..
1..
t
'tXImIX .""i" "liouM be detached .no
r20. t the omo. 'iV .J1 8Pmber 80th.
mxmm
TAB
riiit imw...
BM1LTST. Treasur.r.
p.. -. ti
Anno.l Mwih..
W3AA.M5BTAa. or tiik stock.
f.W U be heht i"8?'PDl. Uetlon Com.
ii.lia'pW. n TuV.nMv "V P'iJW'B'
Lack Steel '23
2 00
1 00
2 00
Lack duel '50
1 81
Luko E A Wn
It It lat
1 78
Lake Shore M
S'n 4a '38
1 82
Lake Shore M
S'n 4s '81
1 83
10 81
L VaTy 6a '34
1 85
Llr"t A Myers
A U OB
1
Lons lul It fd
1 00
L 1st It en 4s
1 04
1 03
Lorlllard C 6a
8 80
1 80
Lo JeK U U
6 50
Lou A Naub 4el
2 SO
2 60
N'k A W cv 0a
12.... 101
1.... 101
1.... 101
2.... 100
N'k A W l'o'a
Coal Co 4a
2 77
2 77
N'n Paclfta 4a
1 75
7 75
1 70
2 70
N'n Pao 4s
10 77
Orel A Cal 6a
1 87
1 87
2 87
Orrson S L 4a
5...... 70
Ors-Waah'n It
Co Nav Co 4a
2 70
0 70
4 70
Pao T A T 6a
... 81
Pa It It 4a '00
1 80
Pa Hit 4s '31
1 80
Pa 11 It 4s '48
1 80
Pa n R en 4
... 80
Pa R gm 4s
1 70
Pa R 4s '21
3 07
Penna R R 6a
80..... 80
4 87
1 87
1 87
1 87
Penna R R 7s
Bill A Bwa 1st
8 80
1 flow
1 08
1 66
Bt U A flwn 6s
1,
1.
6.,
10.,
10.,
2,,
6.
62
... 63 ,
...' 02
... 62
... 2
... 62
... 62
A
77
77
77
78
77
77
77
77
4..
1....
4....
6....
1....
2....
1....
1....
103
103
103
103
103
103
103
103
1.
Naa
Louis A Naab
Mont .4 a
6...?. 45
Lou A N el Os
1 08
LAN rcta 7.
3.... 102
Mldv'e Bte.1 A
Ordln 6s
5 78
10 78
3 78
3 78
Mln A St L fd
3 54
Mln A St I. 4a
1 44
5 44
M A BtL en 8a
2 74
Mo K A T fd
25 48
Mo Kan A Tex
Rwy fd et
6 45
Mo K A T 2nd
13 88
Mo K A T ta
16 68
7 68
1 68
5 88
6 68
4 68
Mo Po cm 4e
2 66
1....'. 66
5 66
18 56
7 60
10 60
Mu I'acinc 4s
40 res
5 74
Mo Pac 6a '23
10 88
Mo racinc OS
8 00
Mont Pow'r 6s
1 82
Nash Flor A
Ch.rd Ry 6a
5 88
New O Tex A
Mexico 5a
10 57
N T U A II It
R R 3s
4 86
2 66
MTQsUll
RK SHl MS
Peurla A E In
6 30
2 31
8 31
2 31
2 30
8 80
Peoria A IS tat
3 02
Pore Marat 6s
1 81
Phil County cv
1 80
Pits Cln Chi &
St Louis 0s
lt.... 70
0 70
1 70
6 70
ReadUic Ry 4 a
!.... 80
1.1... 81
2 81
Republic Cuba
6s (of '04
3;.... 85
3 85U
Republlo Cuba
5s of '14
2 80
6 80
Rio Grand; A
W'n olt 4s
1 68
1 68
Rock Isln'd A
A L 4s
1 07
5 67
8an Antonla A
A P Ry 4s
1 00
St L I'n Mt A
S'n Ry 4.
10 73
5 73
St L I'n Mt A
S'n RIy 5a
6 83
4 85
Bt Louis A 8
Fran a
8
Bt p-l Minn
M 4s
1 88
I 1 88
Bl'P'I Minn A
Man's, cv os
. too
BeaVd A V sj
8 sm
4 TH
3 80
38 86
40 86
0..... 87
Seaboard A L
8 64
B'n Pacino w
45 70
1 76
10 70
ft 78
B'n Paolflo 4a
1 70
6 70
25 70
0 60
0 70.
8'n Pso cv 4s
'JTMl
4....
10....
6....
7....
0..
10.. -1
12....
4
B'n Pao ev. 6s
0.... 10OW
2 100
1.... '100
31.... 100
1 00
1.... 100
B'n ll.llw. 4.
7 os
7 00
1 00
1 00
4 50
2 00
B'n Rallws 6s
1 84
6 83
1 83
B'n Ry Mobil.
A O Ctrs .s
1 00
Term" I R R A
of St L 6s
a 83
Third Ave aj
10 24
4..,.. 23
Third Ave 4s
3 43
Toledo St U It
Wn 4s
6 60
Union Pao cv
6 81
8 81
6 81
6 81
1 81
8 81
Union Pao fd
1 75
Union Pao 4s
4 80
Union Pao 0s
10 08
10 08
U K of Q lirlt
A- Pd 1021
10 07
3 07
1 97
0 07
71 08
UlColO lirlt
A I'd 1022
05
05
05
05
05
05
05
05
08
05
05
05
05
05
8
25..
1..
5..
5..
2..
6..
22..
10..
6..
20..
1..
10..
15..
UKoia lirlt
A I'd 1020
MARKET HADJWEAK
AND STRONG SPOTS
Rafls Presented Firmest Front,
While Oils and Motors
Wore Weak
20.
80
80
87
87
87
80
87
87
1..
2..
1..
1..
5..
1..
U IC of O Brit
A I'd 1037
2 82
2 82
1 82
10. ... 82
60 82
1 82
U S Mexico r.a
10 40
Ut'd ll'da Hnn
V un ct Is
2 21
U 8 Realty A
Imp't 5a
2 70
22 80
U 8 Rub'r 6s
67
67
67 .
07
07
67
07
7
07
07
07
67
67
A B
16
35
10
7
6
.6
10
20
5
.$:::.:
10
Bt Louie
Fran In
0
80
4
10
5
15....
60....
20....
3....
1,...
10....
4....
0....
1....
15....
6t L A B Fran
Series A
8.
14.
1.
2,
67
57
87
57
57
67
67
67
67
67
67
67
67
67
67
7 70
2 70
4 70
3 70
8 70
7 70
10 70
8 70
2 70
U 8 Rub'r 7.
6 08
2 08
14 07
4 07
U 3 Rub 7?
1.
9
6.'!.'!
5...,
2....
6....
6....
I'.'.'.'.
1....
60
60
50
50
00 V
60
50
60
50
60
60
60
50
60
60
Bt L A d Fran
Berleg R
1 78
8 78
5 73
1 78
5..... 73
BtL A 8wn en
1 04
3 64
3,,... 63
a 68
. ....
10 08
2 98
1 08
1 08
7 08
6.. .. 01.
8 08
1 07
3 l
1 08
2 08
U'd 8 steel 5a
1 01
5 01
1 01
2 01
2 01
1 01
14 01
2 01
10 01
0 01
1 01
Utali A N'n 6a
1 87
Utah Power A
Ltsht 6s
1 73
1 74
1 74
Vlrclnla 6a B
Bros Ctfs
6 60
Vlra Carolina
Chem lat
1 02
Va Iron Coal
A Coke let
1 83
Va Itallws 5s
8 80
6 70
10 60
Wabash R 1st
.4 87
48 87
Wabash R 2nd
2 80
3 80
3 80
6 80
West'n Md 4 a
1... . 53
40.... 66
Weat'tl N V A
Pa R It lat
4 84
6 84
Wesn Pac lat
3 1
8 81
1 81
1 81U
West Shore 4s
1 72
Wilson Co cv
2 81
1 83
0... . 81
10 81
2 81
Wllaon Co lat
i...rr aa ,
...... 84'
Slock sale today on the Now York
exchange, n compiled by Hid EfMilnj?
Sun, totaled 755,500 shares.
New York, Slept. 21 The Now
York 8unB closing financial review to
day saye:
Not a great deal was accomplished In
today's stock market. Thcro was still
more or less nervous depression over the
recent bomb outrage nnd the keeping of
tho topic olive by postcard .warnings, of
similar happenings to come, warnings
which were not taken very fieriously,
yet were capable of reminding the street
of tho griiesomo experience of last
week. Trading was In substantial vol
ume although falling somewhat below
tho aggregate of transactions of Mon
day. The Jewish holidays were a fac
tor in limiting Initiative nlso. because
of the largo number of absentees. Alto
gether the session constituted a per
formance which did not lend anywhere
In particular ultliotigh there were not
lacking strong spots nnd weak spots.
The opening was Irregular, the prin
cipal feature being strength in tobacco
Issues, Tlint strength was in the main
neutralized in n short time. After the
first fifteen minutes or so, the entire
list stiffened after a fashion. Weakness
in the oil group, however, easily trace
able to taking of profits, unsettled the
market uirnin.
Th rails presented the firmest front
through the session, with particular
strength in most of the minor Issuo.
Jy midday there was little net change
except in a few stocks like inicrnauonni
Harvester, Crucible Steel. Mexican Pe
troleum nnd United Iletall Stores,
which were strong nnd Central Leather,
Kelly Springfield , United Mtntes nuu
ber nnd Ooodrlch, which were weak.
Ccntrnl Leather had held its own
well until the announcement came of the
passing of the common dividend of 1VJ
per cent quarterly. After that It
dropped some .1 points from the top
nrico nnd 2'i nolnts or so from the
previous closing level, with but indiffer
pnr fitirppas nr ricnvcrv in the after
nnnn. Tt von talk of new financing
which sent Kelly-Springfield skidding
about 7 points. There was a 2-polnt
rally. Halls were a fraction to J points
hlrhrr or therenhotits. It was UOt ap
parent that trading was particularly
brisk in that quarter, but it was clear
there, as elsewhere, that the short wcro
rather more on the alert for covering
than for selling, the while taking of
profits was not neglected.
As has been the case for several days
pnst, the most discussed topic in the
Street wns thnt having to do with pos
sible rollrond mergers. This was a
matter capable of engaging the imagina
tions of even ordinarily unimaginative
persons nnd doubtless formed the basis
for the appeal which railroad shares
have been making of late. It Is im
probable thnt any of the merger schemes
already alluded to have actually been
vrnrlipd nut. hut a irood deal of logic
can be broiightvto bear on tho possi
bilities suggested by the zoning pro
visions of the Ksch bill. as. for ex
ample, Deluware, Lackawanna and
Western acquisition of Nickel Plate or
Erie, and the pooling of the properties
of the so-called Hill Lines of the North
west. Discussion of these possibilities
seems to have far more to do with buy
ing of railrond shares nt the nresent
time than easier money conditions or
nny other consideration whatever, it
Is a matter for conjecture at the mo
ment how far the movement can be
carried before the inevitable credit re
strictions come in to interfere.
rFhn OAllimn if Kllelnncn n,na ltf-lifn. In
hie Inter session and values steadily de
clined till many representative Issues
were selling at net losses of a fraction
to Z points or thereabouts. The uncer
tain trend of the market from the be
ginning was in a way a bid to the bears
to rcney short selling, and this thejdld
in the last hour, while at the same time
profit-taking continued.
Philadelphia Markets
Today's Range In Liberty Bonds
Hlsh Low
Liberty 3'f.s 110.14 110.02
Liberty 1st 4s . . . 8(1.40 8.1.70
Liberty 2d 4s . . . ST..70 ST..20
Liberty 1st 4Vi.. 80.70 80.00
Liberty 2d 4V,s.. S.VNI 85.30
Liberty .Id 44s.. 88.00 88.52
Liberty 4th 4Us. 8B.00 8Ti.rU
IN). illl 11.). -IS
05.58 05.50
Vic Notes a-ViB
Vic Notes 4fis
Clcs.i
ItO.04
80.40
85.54
80.70
85.7(1
88.84
80.00
05.50
05.50
BAR SILVER
Domestic bar sliver was
In New Tork today
was 94, unchanged. In London
prlco was d hignar at 69 d.
Unchanirerl
at BOHoj foreiim
tno
No Change In Raw Sugar Market
Now York, Sept. 31. TI10 raw supar
market Is somewhat more nctlve. but
unchanged as to price, with business on
the basis of Oic cost and freight, 'or
Cubas and Slic. a I f for full dutv
NUKnr. SnleB reported yesterday wer
snnn bngs Cubns for prompt shipment at
j)ic. cosi nna ireiKin, equal to 10,78
cents, and some Perus and Ilrnzlls at
6 He. c. I. f,. nnd 4c, c I. f.. respec
tively. Ix)cal refiners bought 1000 baps
Peru molasses In port lit 6 Vic. Tho local
refined market Is unchanged as to price
slid conditions. Importations of rawB
vesterday Included 33,766 bags Java to
the trade.
IsTSCOPPOSATiyrl
&LJ2aiLLaU
rCAPITALS50Q,00O0Ol
SURPLUS (EARNED)
$2,000.000.00
mqpm
Ixth&SigGarrien
PHIIAOEIPHIA
DELAY
In making your will often
times means failure to pro
vide for the future indepen
dence of those who today are
dependent upon you. The
service of the
Northern
Trust Company
as executor guarantees a Cor
rect and businesslike admin
istration of your estate. You
will have at your command
all the facilities of a complete
and modern organization un
der the supervision of the
State Banking Department,
WlrnAT rieoelpU. 114,404 buahela. Mar
lel fie lower. Car lots, new. In export
elevator No. 2 red winter. 12.6002.05) No.
3 red winter, sarllcky. t2.BO02.Bri. Other
srades quoted at th. tollowin schedule of
discounts! Mixed wheat, So under rid win
ter: No. 8 wheat, 8a under Mo. 21 No. 4
wheat, 7o under No. 2 No. 6 wheat, He
under No, 2. Sample according to quality.
. CORN ltrclrt. 3650 buabela. Mark't
further declined 6c. Wn quote, aa to quality
nnd location, $1.4091. 45, tb. latter for No.
1 cllow.
OATO Receipt.. 7087 buahela. Mnrhet
weak and 2c lower. Car lots as to location
No. 2 while, 70071c! No. 8 white. 0'70c
. FLOUR Receipts, BOO oarrels nd 2.027.
107 pounds in aaclcs. .Dull and weak to
sell. The quotations: Per 100 pounds, racked
111 I40.poun1 Jute saeke Soft, winter
straight, western. I11.25O1I.S0; do. -lo,
nearby, tl0.76ll.25: hard winter, atralaht.
M 2. 2.1 12. 78; do, short patent. I13018.J6:
eprinit, nrat, 110.70a 11.25; do, patent. luB
l.l.r.0; do, short patent. U3.40lil.90: fancy
serins and city mills patent, family brands.
iii.piiwin, live nour. iiu.ooou.i:g.
PROVISIONS Steady but quiet. Quota
tlons: U'ef, In sets, smoked and alr-drled,
C8c; do, knuckles and tenders, smoked and
alr-drled, 64c: pork, family, 147; ham., H.
P. cured, loose, 3(W37o; do, skinned, loose,
87038c: do,Nlo.,moked. 800400: On. boiled,
boneless, 83c: picnic shoulders, H. P. cured,
loos.. 23 e; do, smokod. 26c: b.llls, In
pickle loose, 20c: breakfast bacon, 30c: lard,
22c.
I1UTTKR Firm 'nnd asaln higher. We
quote: Hotld-parked creamery, fancy, hleh-scoring-,
fresh (roods, 63003c; extras, 62c i
extra firsts, HOttOlc: finite, 52007c; sec
onds, 47051c; sweat creamery, choice to
fancy. O4tf0Ac: fair to aood. 52iR3fl! nrlnte.
Jobblns at 70370a for fancy and 60069a
for fair to choice.
E'lUS Fine eK firmly held. Quots
tlona: In freo esses, nearby nrat., 61(tn3c
per dozen: nearby current receipts. 00c;
nearby ordinary to fair, 65088c; weatern
extras, flrats, SlMOSc; weatern flrats, CO
00c; seconds. 500640; Inferior lota lower;
fancy candled eggs Jobbing- at 7273c:
fair to choice. 04O7Jc.
CHEKFIK Well cleaned Up and Arm. New
oo.;nKno,c"..m"l, n"t"' current make, fanrv
29O20HC! do. common to fair. 252c"
do, Longhorns. 2aO20Mc: do, Bins). Dal'.
soo'd. n.tC! Jbb,n """ "?''&
LIVE POULTRT Fowl., not r.i.
via expreaa r.ncv. weighing- B lbs. and over
aolece, 40G842CI exceptional lota hither; light
to medium. 880880: white Leshorn fowls,
H2(!H84ci fowl hisavy, not Leghorns, via
frefaht In carload lot., 3flW4r3(
eiilrbena. fancy yellow skin, not I.
snrtn
-egnorns,
nels-hlna- 2V4 OS lbs. apiece, 40042c; .xcep-
llonal lot. higher: broiling; chickens, lam y
welshing- 1HH2
. . .. ..
u. tm. .irin. nrti L.iitMH.
fba. apiece. 06038c; broiling- chickens, fancy
vel'ow sklo. net Leghorns, weighing 1IV
lbs splece', 34033c: white Lerhurn broilers.
8.1036a: old roosters. 24tft25a: ducks, old
30 do, spring, O033ol pigeons, per pair,
23 O 23c.
URBRSED POULTRT Fowls, freeh.kllled.
drypleked in boxes, welshing 4HOS lh.
and over apiece, 43cl welchlns 4 lbs., 42c;
weighing- aV, lbs.. 37O3S0i weighing- 3 Iha.,
33085o: fowls, fresh-kll ed. In bblg., dry.
picked, weighing; 405 lbs. apiece. 42cl
weighing 8V1 lh.. 84083c; weighing; 3 Iba.
and under. 2ir83o; urouera, western, cry-
nirked. wela-hlntr
45o; do. weatern
1A 02 lbs. apiece. 43a
smaller sizes. 41042c:
"stem, weighing; SViOl lbs.
nearby, weighing
7c: broilers, nearby,
AM rooster.. org
ziai
Tgga 1!
ftSfS!
SfSSJPsB
fryer.,
88989a! broilers,
lbs. .Disc. 45047,
sums, 42044c: Aid rooster.,
western. 28oi do. 'Southern, 26
MtiAU 1 . 1 -Jim
VEGETABLES Whit. . pot.toja. Jfl
per S-bush hakl. No. 1, 8000ol Ns.JJ
tmnfluc. Sweet potato.., southenwtr wm
No. 1. 14 0 4.23: No, 2, I2S sweet potato
Jersey, per H-.bush. bskt. No. I, IIWI
No. 2, 85076c Cabbage, jersey, per
lunar... nnlnm Jers.v. nee tiskt.. GO
(iucumbem. per bush.. 1102. Baua
Jersey, per bskt.. 20 040c. Tomntoes, Jsr
eey, per bskt., 25075c. String- besns
h.i.t r.nrftt.7n f.itniL iMinns. pee he
t2'8'3'. Corn, Jersey, per bakt.. 60
Ilr.te, nearbv, per 100 bunches. 1.108,50.
FIlEHIt FRUITS Apples, per bskt.K
1, 76c01.6O: No. 2. 86075o: spple.. pe.
hbl . i.-ifiifl.Sli Ornnm-s. oer box. 12.7641
0.10. Peaches. Jersey, per bskt., 1102.75
Pears, pr bush , si nova zn, ursine. ,pi
nony-bskt , 20&:nc. i-iums, per buen, 11. 0
02.23.
i( ,
JJ
?, '
f i . '
tPt " ,
iHAl a.
&X 4 1 i
A A
oX"
City of Philadelphia
4V2 Bonds
Dated November 1, 1918 Duo November 1, 1948.,
i
Interest Payable January 1 nnd July 1
Price to yield about 4.90
Guaranty Trust Company
of New York
Clayton F. Bonks
Correspondent
421 Chestnut St.
$500,000
I
Cambria County, Pennsylvania
SVz Road Bonds
Dated September 1, 1920 Due Serially
Interest Payable March 1st and September 1st
Free of Personal Property Tax in Pennsylvania and all Federal Income Taxes
Legal Investment for Trust Funds in Pennsylvania
Financial Statement
Assessed valuation of taxable property, 1920
Bonded Debt (this issue included)
Net Debt less than 2 of Assessed Valuation
Present Population, 200,000
$150,089,170.00
1,487,000.00
Cambria County is situated in the central part of Pennsylvania, ranks seventh
in the State in value of its industries and is widely known for its large deposits of
high-grade bituminous coal; approximately 50 of the land area of the County is
devoted to agriculture; Johnstown being the principal city.
Maturities from 1921 to-1931 inclusive to net 5.20
Maturities from 1932 to 1943 inclusive to net 5.15
We offer these bonds subject to approval as to legality by Messrs. Townsend, Elliott & Mun:; .,
of Philadelphia t
Calhway, Fish & Co.,
Pittsburgh New York Wilkea-Barre
Wurts, Dulles & Co.,
Franklin National Bank Bldg.,
1416 Chestnut Street, Phfla.
'- .
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Here's Your Chance
WAR DEPARTMENT
SURPLUS PROPERTY AT
FIXED PRICES
BULLETINS FREE
Write Today for Your Copy
Ask Any Depot Quartermaster or
Write Direct for Free Bulleftns of
"Clothing and Equipage" at Fixed Pri
The merchandise consists of new and reclaimed
Blankets Coats Breeches ,
Oilskin Trousers Shirts Toques
Mufflers Barrack Bags Etc.
The bulletin gives full information as to quantities and where each
lot is stored Get your copy now-Order goods at once-Shipmcnts
made promptly. '
Big Discounts for Quantity Purchase
ces
Write Depot Quartermasters at
New York City, 461 8th Ave. San Antonio TW...
Atlanta, Ga., Trans. Bldg.
San Francisco, Cal.
Boston, Army Supply Base
Chicago, 1819 W. 39th St.
or
L
SURPLUS PROPERTY BRANCH
Office of the Quartermaster General
Munitions Building, Washington, D. C.
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