1920 - mil i- iii ' it r 'i p r irn--r rv" What Is NEW YORK BOND SALES ! Smnman- nf InillvMtiM Transactions , on New York Exchange The First Safety Factor WHY is it that so many keen minded business keen minded business men let go their caution when investing tlteir hard earned surplus funds? whose rccom jjou arc to be banker by mendations guided. You will find this'booklct interesting and valuable Our Booklet "Choosing va dependable guide in the Your Investment Banker most important, step to emphasizes the importance, successful investing. Sent attached to a careful sclcc-' on request without obliga tion of the investment tion. Ask for booklet P A S3 HALSEY, STUART & CO. Incorporated Suecessert to N. IV. Halsty W Co., Chicago LAND TITLE BLDC, PHILADELPHIA Telephone: Locust 4820 CHICAGO NCW YORK ' BOSTON . DETROIT ST. LOUIS MINNEAPOLIS MILWAUKEE An Attractive Railroad Bond We suggest for conservative in vestment die 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 yield over 7co Bonbright & Company York 437 Chestnut Street, Philadelphia Boston Chicago Detroit 8 Dividends with the Opportunity to Share in Profits Wc offer to discerning investors an 8 Cumulative Preferred Stock, with the privilege of purchasing a limited number of Common shares, issued by a large and old established Manufacturing Company whose products are world-essentials. The affairs of the Company are directed by men of strong financial interests and of national reputation in the Industrial Field. Ask for Folder No. P. P. L. 3S5 IIollisteiWhite&Co. iNCOAPOVATEOi North American Building BOSTON .I'llILAJJiiL.i'lil A SPIUNOMELD PROVIDENCE HTTSFIELD NEW YORK PORTLAND iiiiiiiiiiiiiiiiiiiiiiiiiiiiiijitiiiiiitiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiinii!: 1 LISTED RAILROAD BONDS 5 Among: the Railroad Bonds soiling: at prices affording- E 5 n high yield and an opportunity for advance in price, wo 5 5 call particular attention to f Central of Georgia Railway Co. j vl 0-Year Secured 6 Gold Bond. E 5 (Illinois Central System) E s and the E Kansas City, Ft. Scott & Memphis Rwy. Co. 1 ' Refunding t Gold Dondt . (St. Louis-Snn Francisco System) z Descriptive circulars upon request E West & Co. Coming this Fall? i Will bonds go lower? How about stocks? Where will money rates go between now and November? Bab son's Reports Our Barometer Letter, "Fall Out look," of recent date give3 you the plain unbiased facts ort the present unusual combination of circumstances confronting in vestors. It contains information of vital importance. With these facta before them many investors can see what's ahead and govern their invest ments accordingly. Report on Request Copiei of this Barometer Letter are available for distribution to interested executives, gratis. Tear out the Memo wow and hand it to your secretary when , you dictate the morning's mail. Meroly ash tor Ballttin ; 14 , .' The Babson Statistical Organization WAiiauay win.oz, Boston, piaa. Largest Organization of Hi Character inuhc World 1 .---TEAR OFF HERE---! i or Jioixr Secretary Amr Bmatt'f Its' 81 J 78H n to a 7 ft 111 .0 3 "0 2 7(174 2 7R A 'I'm b lev oit 14 7M4 1 73 V ATtTcv 4Kb 4 80i A Tel tW Ba 10 81 S 80 A Tel & Tel 0- CSALKS IN 11000 08V4 00 U 004 0014 oo; noi sou Memo Write The Babson Statistical Or ganization. Roger W. Babson. Presi dent, Wellesley Hills, 82, Boston, Mass., as follows: Please send a copy of Special Bulletin No. 34-J X "taU Outlook"znd booKict,"Gttltng the Most Jrom Your Money, " gratis. 0Aato fl.eTn jS rV HwiaMiaaJJaiMam- 6 1.. 111.. 1.. 2.. 12.. 0.. 4.. Ann-Kitncti in 2.... 100 2fl . . . . 100 &.... 100 10.... 100 1 3.... 100 1.... 100 l.i.. 100 Ann Arbor 4s 1 80H Argentine He public 8a 10 1I0S Armour A .Co n Eat 4W !.... 77 2 77H 3 77 8 ( Atcn Topeka S Fe 4a 3 70 0 70 4..... 70 n...w 70 10 70 Alert T B I"e cv 4a '00 1 81 10 83'4 Atch Topeka & B Ke nja J 70i 1 70H Atch T & H I K O Dv 4 1 1 HI I 5 854 Atcli Tranaco'l Short 1, 4s 1 73 Atl U Line clt 5 70 1 Atl U t-lne 4a 1 7 1 Atl Coast Li'e rcta is , 1.... 100t, 6.... 10014 2.... 1004 Bait & Ohio uv 1 OH 2 8U 0SU OS l.i 08 tt 08; 08H 08Vi .08 'I 00 08 tt 08 08-1 08 I'd Chicago till Ot r cv ds fl,.... 73tt C A Nw'n m 1 78? C & Nwn 3'4 l.... 07 H n..... 0T Chlct:o k Nth Wn cv 0 1 08 Chi &. Kwn 7a 10.... 101 1.... 101U ChlcsKO Hall' ways os 1 00 Chicago R 1 u ft l'ao Id 084 4. r. 10. 1. n. 3. 1. 1. 0. 8. 0. Chicago n & rc 4a 1 73 R 72 Chicago Bt I'l Mln tots 1 88 3..... 88 V4 Ch'cago Bt P'i Mln & O 0a UV"! Chi U Hta 4 ',4 R.. .. 77 Chicago Union ytR ct 04s 7 103 Cnlle Cop'r 0a 3 74 2 73 a 731 a... 73 2...N 73 3 73 Chile Cop'r 7 1 08 Chinese Oove't li-ic nya ns 10 43 City ot Copen hagen 8 a t 77 Cty New York 4s ot '30 1 8 City N T la May '87 10 00 Cty New Tfor. 4s ' . . . H.l ... 84 l'arl.i tit ... 0 Chicago Nipple Manufacturing Co. 6 Cumulative and Participating Class A Stock Par Value, $10 Market, on the New York Curb Inquiries Invited Franklin Ayres I.VVKSTMKNT HKnURITIUS Drexel Building Phones Dc" Lombard 1,216-7 Keystone, Main GTS n.. 8.. 1 . 3.. 8.. s.. jiu 11 10.. .. OH . . OH . . JhU . . OK . . OH .. 08 u :iti 81 1 10. City 10. in. 7. 1. 0 8. 1. 10 City 1 STREET 14X7 CHESTNUT Member U Mtnek I ilnhla Htork Exchange Correspondence Invited iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiuiiiiiiiiiiP. New York Stock Exchange Phlladelnhla Stock Kxchann We Always Have on Hand a List ol High-Grade Donds LIBERTY TITLE ANl5 TRUST COMPANY N. E. COR. BROAD AND ARCH STREETS 3.65 INTEREST t i PAID ON TIME DEPOSITS (SAVINGS FUND) Frederick Peircci o rrn ,N.y"i IK, .. " fluajs- -ir1 "- Bttert. HausWeJOsi WIIV lias no Investor aver loet dolhur of principal or Interest 011 nny seen, rllr bought of 0. W. Straus A Co.T Writ for our booklet 2.Q unil learn lb reutoa ur. S. W. STRAUS & CO. Jltech Bfrtni.Mr.yhlUrtlUlH An Opportunity FOB Nn rkr4 T m t. T Money We recommend two issues one-year arid two-year notes of a successful steamship company netting over S. Three-year notes of a pros perous Public Utility netting 8.30. Both Issues Tax Refund in Pennsylvania Detail's on Request Baker, Ayling & Young- J. W. SWAIN. Jr.. Mnnnsrr Land Title Building Boston Philadelphia Bait St Ohio 4s 20 08U 3 08U 10 8'i 3 18S It 08 3 0814 1 OS',1 Dalt & Oblo ..a 7 os; 1 fl8; 2 08H 2 08U 1 Wi'i Dalt & Uhlu na 804 2 ht " .... K'' 3 80 IJ a U I i. l. &. W Va 4 1 03 1 03U D & O Tol 4a 1 BV.i 1 .... B4 1 Aii 3 04s. 1 ni 0 54 4neth Bicel rd 2 78T ' 70'i II Copp'r M Oi 6 8014 I llkyn llapld T ' 7s ct Sta 1 7 30 ;Drk U ll'd 1st . 1 0714 1 ... f.ft Uuah llldic 3a 3 C04 ChI O i E h 10 834 f 10 82H I Cen'l of On cu . 3 77 Cen'l of Ua 0s 1 B .... 87 1 2 .... 87 Ctl Leather Bs 1 00 I 1... .'80H Cenl'l l'ao 1 . . . OS ... 0SH ... DS'4 .. 114 ... ns ... P . . . 03 Tukln ns ... 03 Cl'd Cln Chi Bt t. d 4s 3 07 Cl'd Cln CM Ht Louis Rs 10 81 Cona'd Oa 7 1. Cuban 1..., 23 1 ... 1 I ... fi.... 1 . . .. 1 ... St.... 1.... 1. 00 1 H cv 02 'A 02 'i 02 W 03 03 03 112 74 113 02 02 03 03 Del & Hud v 80 87 ',4 Hud 7a . 02 . 102 It o fd , . r.o'.i . . no . . coil . . no 14 it U 4s . . I1SV on 1.. 15.. 3.. 2.. 6.. 1 Centr'l '34 73 li 73 7814 7314 73 li 74 74 racinc Bought Sold and Quoted Cast Coast Fisheries, Com. and Pld. East Coast Fish. Prod., Com. Se Pfd. Elgin Motors Revere Motors Stevens Duryea, Com. and Pd. Metropolitan Stores, Com. and Pfd. Seamans Oil R. E. Seamans, Inc., Com. nnd Pfd. Met. Credit Corp.. Coin, and Pfd. U. S. Mortgage. Com. and Pfd. H. F. Wilcox Oil and Cos. Quotations Furnished on "Unlisted" Stocks and Bonds of All Marketa JONES & BAKER Misc. Sees. Dept. Phones, Bell, Locust 4730 Keystone, ,Raca 2200 Widcncr BWg., Philadelphia Short L 4s I 1 OOii I Ctl I'aclflo 3! 0 70H , C & Ohio 414s i3 C u uv n 75 2 76ti cv Ss 881, 83 84 8G 85 li 85 85 8511 To Yield 7.10 Free of Fennn. State Tax Lehigh Valley Consol. 412 J. & Dec, 1923 Reed A. Morgan & Co. Members of Urn Thlln fitoc'' Fxch. West JJtirf Trwsf tllita . Philn. C'k 3... 25 .. 3... n.-. 12 ., 10... 10... 20... Chi & Alton 3s 1 40 Chicago & Al ton char Bs 2 8714 C 11' n & Q un. i 78 C ' U'n Q, neb 1 C U'n & 3. 1. 1. 1. n. 72. B. 10. 10. n 10 C 11 & q 1.. 23... 1 cm & Q 4s 00 0014 00 00 00 on 05'4 00 0.M4 00 00 II 4s 70 70 111 4s Cons: Cities Lt, Pr. & Tr. 5s, 1962 West Pcnn Pr. 5s. 1946 Knoxvilie Ry. & Lt. 5s, 1946 Empire Gas & Fuel 6s. 1926 Laclede Gas Lt. 7s, 1929 Duquesne Lt. 6s, 1949 B0ENNING, GARRISON & CO. TOCS EXCHANGE HCII.DIMQ Direct I'rUate Telephone to New torfc Members rhUa. Htac Exchange GEO. A. HUHN & SONS bToens anp noNns Jlembera of the Philadelphia, jfatT Vork and Chlcsf 0 tttork Echani,s New Vork Cotlon lixtlinnge Commission Orders Executed In All the Principal Markets HEUXVUr. COUKT IlLUO. 1418 Walnut HI. NKW VOltk OI'KICB m Urosdwajr, Now7 Vork 33 4 83 Chicago t U'n Ills ct 4a 10 32i Chi & i:rle 1st 2 77'i Chi tiwn 4s 3 .... nn 1 no 1 sou 2 no cm m & l'ust Sound 4s B 00l 0 07 5 07 Chlcaco Sill & St T 4a 14 67 Chlcaso Mil 8t I' d 4a B 04 n... 5... Dei & 1... o Dell & 10... fi... 1... 3... Den A 3 .. 1... 3 03 Den i II u ti 12 71 2 714 1 i -i D Can Bs 2 08'4 34 08. D Can B4 '21 4 08 D Canada '2n 1 004 1 0014 1 01 1 01 D Canada '31 1 88'i 0 80i Dominion Ho public Ba 10 7114 B den cv 0a 10 83 trie Uen Lien 4 48 3 4S'.i 1 48 7 481i n '. 48 0 481i Erie It II cv A 1 44i 1 44 1 44 Erie li 11 cv D 2 411i 0 42 Erie H II cv I 1.. 1.. 4.. 52.. 10.. 1.. 1.. B.. Erie Ity Co'4a 1 B71i 1 B7W Erie Fenna 4b 7014 C Jersey 0s B 81 Gene'l Elea Oi 1 0014 Goe't French Republic 8s 4... 6... B... 1... 6... 27... 03... 1... 10... 5... B... 10... 3... 4... 18... 10... 4... 1... 10... 8... 10... 0... IB... B214 B2i 624 62 B2 B214 B2U B24 Chlcaso Mil All 28 Stl 4a '25 1 78 Chlcaso Mil StP cv 414 1 71 2 7114 1 7114 1 71 1 71 2 .... 71 Chlcaso Mil t r-tl- fd 4 2 ... 03'i 1 ... 03 1 02 82 ... 8.. 10.. 33.. fi.. 1?!! 1.. B.. fi.. 00.. 10.. IB.. B,. .. i!! i.. o.. 10.. 10.. 1 ... 20.,,, 82.,., n 5. 101 4 101 101 10114 101 101 101 li 101 Vi . 101 101 101 101 101 101 U 101 101 101 li 101 101 101 101 li 101 )l 101 101 101 ion 101 101 101 101 101 ' 101 li 101 101 101 101 101 li 101 101 101, 101 101 1111 101 101 101 101 101 101 Hud & Man fd 17 00 10 88 3 COS 10 00 1 B0 4 00 Q 00 2 Bt) S..... BO l.... B0 10 08 o ns 1..... 88 Itud tt Man In B ... 24 B 24 1 23 Ills Central fd 2 70 1 Ills Central 4s 0 71 3..... 00 111 Ceu I 4s 'S2 1 71 III Cen 4a '63 2 08 B 08 0 08 Ilia Cent ft 1 80 1 80 B 00 1 00 2 00 111 Cen'l Carlo llrldse 4a 1 III Ctl Bt li & NOJI Uda 1..... 80 Ill's Bteel 4 10..... 77 lnttxjro M 4 2 17 10 IT 13 17 3 17 3 18 f. 18,, 10 1814 10 17 Intboro Slul'n ct 4a 4 10 1 10 4 10 Intboro It T fd 2 -1814 B 48 B 48 2 48 13 48 1 48 2 48 7 48 1 48 10 48 1..... 48 1 M JUrlno 0a B Hl'i G 81 10 82 10 82 25 82 .1... 8114 Jap Ooo't Ihi 10 75 25 7B 25 75 23 75 Jap Oove't 2J 1 75 1 75 3 73 Jap Unve't 4i 4 58 1... . 58 Kan O l'l H li M Ilwy 4a 12 00 1 07 Kan fi Vi 8 M ltwy 0s 2 00 Kan C t 8 3s 1 B4 1 B4 Kan C & 8 Bs 1... 4... 0. 3... ?: 70 70 70 70 70 70 0 Kan City Tur'l Ilwy 4 s 1.....' 70 K Uelc 0s ".'I : oo K Ucls 0s 2.-i 1 02 3 02 1 02 K LielE'in 7s 1... 6... B.7. 5... 1... I Irv'. o I.'!.' i... i... i... I.nko B'n 4a 08 08 08 08 07 08 08 08 08 07 08 08 OS Shore M :8 83 3 83 Lake Shore M 8'n 4s '31 4 82 2 81 2 81 LehlKh V'y 4b 1 72 . Leh V en 4s 1 70 3 i Isl It na '37 0... . 83 Lorillard C 7a 5 104 Lou & Nash 4 s 4 80 1 .... 80 LAN rets 7s 4. .. 102 B.... 102 Miuv'e Sleet u . Ordln 05 i 1 78 , 1 78 t 70 i N T Cent' I M Cent' I 3a 1 01 N T Chi & 8t I.OUI0 d 4s 6 70 N Y Connect': R It 4s 4 70 10 70 10 70 E 70 10 77 New Vork D'k Co 4a 8 03 N Y Light II It I'wr 4 s 1 01 New Y N It II 4s 'B0 1 61 New Y I" II Hart'd 0s 8 77 2 77 ,1 70 N Y llwys 4: 0 25 2 27 D 27 N Y nya ct 4 S 20 R 23 10 25 IS' Y Rlwys 6a l...w 0 1 0 i; Y tele 4a 2 77 0..'... 78 10 78 1.. .. 77 2 77 . 1 78 N Y Tele's Qs 3 83 New Y W C 4 Doit 4a IB 48 N'U & Wn 4s 7.i... 75 2 75 1 73 1 7H N'K t V CV OS 7.... 101 N'rt rac 4s C 78 20 'iH Nthn Slates P Cu Bs 2 74 1 74 Ore & Cat M 3 87!i 3 87 Ori-non 8 I. 4 2. ... 70 10 K0 8... M) 1 80 Orteon H I. Us -. 1 .... 08 rac a li ns 1 75 1 75 Tnc T & T 5s 1.. .. 8 ! It It 4s '4rt 3 SO Pa It dm 4s 1 70 Ta It 4e '2 '1 08 b:.... 08 Tonna It H 54 1 87 3 87 3 87 fenna u . 1.... 1031 1 103 2.... 103 2.. . 103 1 103'; 6.. 103, Peoples (las L & C Co 5s 2. . . . 03 Peoria & V, In 1 20N Phil County cv 2 . .87 Pitts Cln Chi & 8t I. b 4 1 82 1 82 Pitts Cln Chi &. St L a -6a 1 70 "3 70 4 70 0 70 Public Service C'n N J Bs 2 02 Iteadlns Ttv 4 2 80 Iteadlnc Co J Ctl Col 4a 3 80 Republic Cuba Sa ot '04 4 84 V 6 81 Rock Ialn'd A & L 4s 1 00 San Antonla A'P Ry 4s 1 00 1 00 Sa FI & W Cs 1.... 100 St L 1'n Mt & S'n Rly Bs 8 85 St L 8 Fran Km Bs 1 St Louis Fran aj 80 & S 1.. B.. 10.. 1.. B. 1.. 10.. 1.. 07 07 07 07 07 07 07 07 07 07 07 07 5.,... 10 B fit Louis Fran In IB... .' 1 6. 24. 10. 1. 1, 0. 8. 1. 40. 3. 10. n, 10. 1. 2. 10. 2. 16. 13. St L 8 Fran Series A .... 8 .B7U 67 67 67 JV7U 67 B7 67 67 67 67 67 B7 67 67 67 67 67 67 87 87 fiO no no Bt.',, 60 B0 60 B0 B0 no 14 no r.o n .Br in. fi. St L & 8 Fran Series II B 73 2 73 1... . 73 1 73 7 78 6 .... 73 St I. & 8 Fran Series C 1 80 1 88 St 1. A 8wn 5s StL A Swn en 1 04 2 03 I 03N 1 .. . 03 St Lou A Swn Em Ba 6 fifi St X"l A K C Short L ls 3 no; 1 110 St PI Minn A M 4s t Seab'd 1.... 2 4.'..'. B. . . B 07.... 88 88 88 I. aj 37 37 37 37 38 .111 38 38 I. lu 4 44 I. 4s B7 A L 10 Seab'd A 3 1 Seab'd A 1 Seaboard Sta 4s 2 64 So'n Dell T Bs 2 81 S'n Pad flo Id 8 75 1 75 H.... 78t 4 78 1 751 1 75 S'n Pacific 4s 4 00 S'n Pac cv 4s 2 78 2 78 2 77 10 78 2 7 1 78 S'n l'ao cv is a.... 100 1.... 100 2.... 100 25.... 100 S ti Itallws 4s 10.. 1.. fi.. ti. . 0 . i. 00 00 001, 00 00 , 00 001, 00 S'n Ilallws 5s 2 84 10 N4 10 84, 11 84 2 84 10 84 S'n Ilwy Mem 5 83 3 83 1 83 1 82 Ten Cop Cn 0s 1 114 Union Pac 0 81 5.. .. 81 fi .. . 81 8 .. . 81 .v 2 .. . 8J 1 .... B. fi 81 n .. m 1 . . . 2 . . 2 4.. . 82 1 .. 83 Union Par fd B . 76 Union Tac 3 . 80 2 . 80 7 . 80 18 .... 80 18 80 20 80 Union Pae 0s 08 08 08 08 08 08 08 08 08 tlKotQ Drlt A I'd 1021 20 80.. 10.. 10.. 10.. 10.. 20.. 20.. 20.. 2.. 80.. 30. IB.. 30.. 30. 8. 31. 30. BO. 6. U K of a Drlt A I'd 1022 08 08 08 08 08 OS 08 08 08 08 08 08 08 OH 08 08 08 08 08 08 08 20 6. 4. B. 1. 3. 10. 4. UKoiO nrlt A I'd 102D 05 i 05 03 05 05 04 03 05 7.. 0.. 2.. 8.. 12,. -t.M 12. 3 fi 6 U K of a lint A I'd 1037 87 87 87 87 87 87 '4 87 87 87 87 '4 87 82 82 82 82 82 82 82 82 82 2 82 U 8 Mexico 4s 31 U 8 Mexico n 41 3.. 2.. fi. . a.. Number of Disquieting Elements Tended to Ffroduco Consider able Confusion New Yorli, Sept. 22. The NVw York Sun's closing financial review today Kay: Today's stock market wns signally wanting In consistency. Price move ments were decidedly mixedl While it would be reasonably nccuratc, perhaps, to describe the list as weak In the fore noon nnd firm in the afternoon, there were 8o many exceptions to such a gen eralization oh to prevent it from being entirely satisfactory. In the early stages, when pressure was being exerted against the steel industrials, the motors, the rubbers and tires, the shippings and oils, the tobaccos were strong, Crucible Steel was bid tip In good form. Ameri can Linseed, New York Airbrake, Na tional Lead, Pittsburgh Coal nnd such oCthn so-called "little" rnlls ns South ern Rallwuj', l'crc Marquette, St. Louis Southwestern and Pittsburgh nnd West Virginia were also In excellent demand. At midday n hardening process was in rvldcnre. and trading, theretofore fairly brisk, turned quiet. The Inst of the Jewish holidays called ninny awav from the street, and the increasing discussion of declines In steel product prices, reduction in ntitniuo-, umc prices nccciernteti ot inc nciion oi tort! Co. in restoring the ante CHARTERED By CONGRESS ITCI u? NATIONAL BANK 1064 North America 30r Chestnut Street OFFICERS E. PUSEY PASSM0RE, President R. S. McKINLEY, Vice Pret. E. S. KR0MER, Caihier W. J. MURPHY. Ant. Caihier C. M. PRINCE, Atit. Csihier J. W. WHITING, Ant. Ctikier DIRECTORS fa; LINCOLN K. PASSM0RE JOHN W. PEARCE JOHN P. GREEN GEORGE FALES BAKER, M. N. MYERS FITLER CHRISTIAN C. FEBIGER , J. HOWELL CUMMINGS W. PERCY SIMPSON WALTER II. R0SSMASSLER CHARLES B. DUNN HORACE E. SMITH HARRY S. EHRET EDWARD F. HENS0N TIIERON I. CRANE GRAIIAME WOOD W. KIRKLAND DWIER WILLIAM F. READ, JR. CHARLES 0. ALEXANDER LEONARD T. BEALE MARVIN A. NEELAND JAMES D. C. HENDERSON WALTER ERBEN E. PUSEY PASSM0RE the 30 41 2 41 10 41 10 4l, 10 12 23 42 2 42 Ut'd H"ds San V un ct 4s 1 25 U 8 Realty 4: Imp't Ba 2 80 2 70 U 8 Ilub'r 5s 6 704 1 70 1 70 10 70 2 70 1 70 1 70 10 70 U 8 ltub'r Ik 4 07 1 07 U 8 Hub 7s 0 08 3 08 1 08 helium scale, eliminated other so that trading wns almost exclusively in the hands of the professional clement. Fail ure of the Rrltish authorities to effect a settlement with the coal mining la borers and the situation in Italy still leaving much to bo desired, nlthough Ncemingly not quite so hopeless as nt first, supplied other disquieting elements to interfere with active participation in the market from outside. It was not "nsy In diagnose the situation in a brnit'l way. although the bchnvlor of the steels und motors wns unquestionably the Immediate factor in depressing val ue" nowhere or retarding recovery. Tho most reactionary feature among tin tteel descriptions was Ilethlchcm "hare, which lost II joints or more. This exceptional weakness waR traceable to reports that Bethlehem was consider ing a llnnnclng plan (involving nn issue of .TJO.000.000 in fifteen -yenr bonds benrlng 7 per cent. STEAMSHIP NOTIfKS STBAMtllir NOT I C EH I International Mercantile Marine Company Dividends 1... 1... 1... 8. 03 08 08 08 08 08 08 U'd S Steel Ss 1 01 1 01 1 01 1 01 1. ... 01 10 01 Utah & N'n Bs 87 88 88 Vlru-inla 0s 11 Uroa C'tfs 30 00 Va Itallws 3s 1 SO Wabash R 2nd ti 81 West'n Mil 4 s l nr. 10 05 West'n Md ns 3 03 West'n K Y i I'a II R 1st 1 81 1 83 NVi-s'n l'ac 1st 2 81 WliK.'n Co cv i: 8i 5. . . 82 ...... 62 Wilson Co in. 1 84 Wis 1 Cent'l 4s ... 71 HARRISBURG LIGHT AND EOWER COMPANY Harrlsburr. Ta. September 17. 1020 The Board of Directors have declared a rcsular nuarterly dividend of one nnd one. hnlf per rent (1V4) on the Preferred sTnrU of this 1020. to 17. 1020. Comtiftnv. stockholders pas-aoie nrntembrr in or record. September IUVSTONE, Treasurer. orricE or the United Gas Improvement Co. I. v. ijorntx iiroau anu Areli Street l'niiaaeipnia. September a. lu-jo tlBt'A tl .,.. J - -- file B Ptl. TIva hat. Iltla .JA. a .vi ano ""J",";- ,";","" "y aec ared a Quarterly dividend of two per cent. (81 per share on the Common Stock of this Company, payable Oct. 15. 1020, to holders of Common Btotk of record nt the close of busTnws. September 30. lf-20. Cheeks , will be mailed I. W. MORRIS. Treasurer. Houston Gas and Fuel Company AMERICAN LINE N. Y. Cherbourg Southampton HI. I'ntil Sept. 25Oct.23NoT. 20 I'lillailelphln ... Oct. 2(Oct. 3oNov. 27 New Vork Oct. 10Not. 13llec. 11 NEW YORK HAMIlUItO Mongolia Sept. 23Nuv. 4JIeo. 10 Mnnchnrln, Oct. 21Iec. S I'ltll.ADKI.l'lIIA LIVERPOOL Wnthrnn Kept. 25 Western I'lalns Oct. 0 Hnverford Oct. 22 Auburn Oct. 30 I'lIILAIII'I.rillA Gl.ASOOW Wampum Sept. 30 Euslern Sea Oct. 10 West Nolio Oct 23 Onluhnil Nov. 0 rilir.AIlKI.PIUA HAMHUUO Irishman g,pt. i A Slenmer . . . -. About Oct. 13 Western SInr Oct. 30 RED STAR LINE N. Y. SOUTH TIPTON ANTWERP r.nplaml Sept. 2SOct. 30 Dec. 4 Finland Oct. SlXor. (1 Dec. 11 Zeelnml Oct. dNov. 13 Dec. 18 Kroonland Oct. 23Nor. 27 PHILADELPHIA ANTWERP West Wauneke '.".Sept. 23 0kl'd Sept. 25 West t'herow ort. 0 Victorious Oct. 30 Puenjer Office, 1319 Walnut St , Phils.. WHITE STAR LINE N. V. Cherbourg Southampton I OLYMPIC Oct. 0 Nov. fljNoT.'lJT Adriatic Oct. 20Nov. 17Dc.S NEW YORK LIVERPOOL f-'lUc Oct. 2lNov. OlDee.lt tt. cp. Oct. Orltn. .Mobile .Oct. SPncino Steam llnltln oct. rormerly Cleveland. 0Nov. 20De. it NEW YORK AZORES I Hit ALTAR NAPLES I1ENOA 'iinnplc- Oct. 3 Cretlc Not., ! ATLANTIC TRANSPORT LINE PHILADELPHIA LONDON West KUonk Sept. 3 West Wuuneke Sept.ZS Macklnntv Sept.S Wynooclie .Oct. i IIOLLAND-.V.UERICA LINK PHILADELPHIA ROTTERDAM , Iteubelsdyk .' Sptvi Molcriljk .....Sept. 28 WHITE STAR DOMINION i MONTREAL UUEIIEC LIVERPOOL Canada Sept. 23Oct. 30. ... I. Mejtantla Oct. 16NovC IS, ' Freight Office, 405-414 Bourse Bid;., Pbilc. The regular nuarterly m l ( m nl J. A. McKENNA. 'if .dUJdend of one nnd ferred Stock of this Company has been de clared payable September 30, a020, to sock, holders of record September 7, 11)20. September 7. 1020. Secretary. FRANKLIN TRUST COMPANY 20-22 S 15th St. Philadelphia. Sept. 21st in"o The Ho.rd of Directors have this day d. dared a, acml-annual dividend of Four Per Cent (4). payable October Bth to stock holders of record. September 21st. iii-.r Checks will ba mailed Also to transfer to Surplus Account JIOO.OOO. which will "akS this account 700 noo. """" A. R. DAUPHINnE. Treasurer. AMERICAN POWER ft UC.IIT CO 71 Ilrondivay, New York. N. Y PREFERRED STOCK DIVIDF.ND NO. 44 The reBUiar quarterly dividend of 1 !. . the Preferred Stock of the American Power I.lKht Companv has been declared, payable October 1. 1020. to preferred stockholders of record at the closo of business. September WILLIAM REISER. Treasurer. STEAMSHIP NOTICES Fall River Line To BOSTON M. From I'ler 1T N. It.. Fulton St., S:30 I" DnllBht.S&lnic Time NEW IIKDFOIID LINE. Strs. lv Tier 40 N R Houston St , dally ex Sun . n p. jf NF.W LONDON (NORWICH LINE). Str ls 1'r in N U Houston St.. wkdats onl' 5 30 P M I. Pr 70. E. R.. 22d St 0 P M i FRENCH LINE Compagnie Gencralc Transatlantique Innurd and Outward Fust Frrlclit Service FROM PHILADELPHIA TO LE HAVRE AND BORDEAUX And Other French Atlantic Porli "NORTHERN" (Br.) 7500 tons stonl inn.A.i 'Snf?i!!lrd in Bull nCTOIIER 23th und RrsuLir ".n a iiri ni i irr, AGENTS-NEW YORK OCEANIC COMPANY. INC. For Rutca nnd Space Apply SS To load pier 30 South GEYELIN & COMPANY, Inc., Philadelphia Representative 108 South Fourth Street Phone Lomlmrd 4207 O Rwta'd rets 103 102 Wl 102S 102U 102T4 103 103 102. Ilou tWTwl ai4 i. 3.. 3 . 1 oi! 4.. 4 1 . 1. 1 78'i 5 7SV4 Mln & St 1. 4 s 2 44. Mln St P i S Ste M 4s 1 7SW Mob b O si ns 1... . 78 Mo K i. ns l... no Mo K & T fd 10 48 Mo li Si T jncl 1... . 3S 10. . llfi'j 2D . 30 Mo IC i. T 4s i . . . no 10 oo Mo K T tti S 34 H Mo Pacific 4s 8 72U Mo Pao em 4s 8 no; 7 on; 23..... noi l no4 10 3fln 2 ooh 2 00 li io nfl'.i 1 80H 7 mm n no1, n no l oa io na; N r c & ii it !S5 n R 8 Vis 2 07U 03 07V4 N Y C II lt R R cn 4a b oo; hi Y U & II R R R 4V4" fl 78 1 78 N Y C Si II R R R 6s 1.. 12.. 11. N Y O & 02H 02W 02'.; 02U 02 U 02 02 02 D2H 02 H 02U 11 It R R ct 7a 2. 7... .. . . 3.... 4.... 18.,.. 1 . 1.. I I.. 1 loon 100 u 100H 100H 100, 100'i 100 , 100H illll'a inn 100 tt iooh m rryx MS I N th6 matter of trouble proof design and thorough work manship Locomobile acknowledges no com petitor today in either America or Europe. And Locomobile is fashioned and built for American road and traffic conditions. 8 r 1 amrwkt w NIPFaNyOSCNKAJSHA F",wsi.5s&-s:,i' JAPAMXUINA And IM ANIILA - ' w m Seatt' to Hcng Kong via -- Yokohama, Kobe, Nagasaki, Shanghai and Manila Panama Freqatstlr. also riiEiniiT si:rvifcs Di.i.1, ,w iud -ur whi runiiifciju. .:" mrK Io the llrlenf l . . ' .K "."'''"' '"l'nn PortS-lV,'onthrr" rait.way VfKmxKr.v.. ruiPAi.n "'V.VlvK. """-r "1'II.DINO. SK.VTTLH fQ?S CJM i ?9 traffic conditions. rS ; fa fash i a ii a i vi i rsi i r. SsT , The best built car in America :j2 ! LOCOMOBILE COMPANY IjgS ' Si 2314 MARKET STREET jD 'J PHILADELPHIA, PA. ffifa EARN-LINE Incorporated 1801 U. S. Shipping Board Steel Steamers General Cargo , Regular Service ' Philadelphia-Manchester ' SS "Lake Foxboro" Sailed! SS "Des Moines Bridge". .Oct. 15 ' Philadelphia Havana ' A Steamer Sept. For rates and particulars apply to I Earn-Linc Steamship Co. j 139 South Fourth St. 1 PHILADELPHIA, PA. j PUMMINQ LINE U. S. Shippinc Board Steel Steamer- Regular Service PHILADELPHIA to Rotterdam & Antwern S S "Arizpa" Loadinir SS "Lake Harminia". .Sept. II (From Pier 34, South Wharvoa) For information apply A. D. Cummins & Co., Inc. H. P. DILKES,.ilamfirer 139 South 4th St., Phila. Lomlisnl 1127.11288107 Main ISIS PHILADELPHIA to Scandinavian Ports Christiania Gothenburg, Copenhagen Regular Service U. S. Shipping; lloiiril Sleel Sleaniere S. S. Lake Ellsbury, Loading (From Pier S, South Wharves) The Charles T. Megee Co. Agents far I'. S. Shipping Hoard Drexel Building PHILADELPHIA Lombard Stoo, Main 8U64 Atlantic-Gulf and Pacific Lines Freight Service Only PHILADELPHIA to' LOS ANGELES (Harbor) SAN FRANCISCO SS "We.t Havon"7About Oct. 5 CIIAS KUItZ & CO., Ine. Aiente - 1'lilludeluIUa, Va. Main inio Ilretel Hide Ixmbard Slot WPERU CHILE JCL Dlrert paeienier trlce flora New Tor'; via ranama Canal, talllnr at Callao.1 Arlca Iqul'iue. AntofaaaBta A Valparalae.1 Sa Same Kllau'. i, Santa f.ulaa. Sa.! Snla Ana H. Hama Tervea. "i.riultj(. halluaa, w. ju uracu CO., Agtnlt li JiT,' il t ii ! , 4 l r ' " " ""' oquar. li, x, or local Am . ' T rI 'f fi3'toZ M'J - , .i.(, 4i ilMV ..-tf-jbW '. X t'lrf"-. - i- fca. .-i.'J ilvvfti&il