TF,1SMvT ,t if' .H' rM . t,v . I,, k. , ,.' V , 1 - f - . i .-, ,' 0 4 4 V 4 16 liiViiNiisU iUBLlO LliJDaEK-PHlLADKLPHIA, TUESDAY SEMBAIBE& k 28, 11)20 n r B R 1 Pathe Freres Phonograph Co. Three year 8 Sinking Fund Gold Notes Due Aug. lit, 1923 Convertible at any time into Common Stock at $35 per share. Net earnings reported at over 8 times interest on these notes. Price, when, as and if issued 98'2 and interest, to yield over 8V2 Circular on request fitAZIER&Obi BROAD AND SANSON! STS. PHILADELPHIA 85 BROADWAY, NEW YORK 19 SOUTH ST., BALTIMORE 927 15TH ST., WASHINGTON We Offer $50,000 Keokee Consolidated Coke Co. First and Refunding Sinking Fund bc'e Bonds Due July. 1959 Guaranteed Principal and Interest by the Virginia Coal & Iron Company Price: 83 and accrued interest Geo. A. Fernald & Co. 19 Milk St. Boston, Mass. i GUTHRIE & McGOVERN BANKERS and BROKERS Memhrr rhllndrlpliln Stork Exrhnnce 1430 S. Pcnn Square D.nlr. In t York. FhllndM phla Stork Kxchiing. New York Curb 8.rurltl, IloniU, Korrljcn Enchant" ami t'orrlsu Oorrn- mrnt Securltlrs. TEI.EI'HONK Pprure 041(1 Uuri 300'i ew York Oftlre 32 nronUway ,itl Shawinigan Water & Power Company 7 Stock Quarterly dUldend payable October ISth next. New York Funds An pp rtuntty Is afforded discriminating in vestors f sh.ire In tlm steadily lncreaMnt? profits of the premier hydro-eletrio C'ompam A North Amer" i whirh has ben mic essfijlly opratlnc for more tha twenty ealv !ev. loplns and selling ;inoon ir V Located near and 'upplving the rapid ly irrnwi'ifr rittes i f Montrenl and Quebeo with an e'stti tial of 1 fe at lowest n Ft Vnaffeeted b hlRh cost of coal and ! iV r JosepKW.Gro3s aCo. 1421 Chestnut St. Aldred eft Company ptifs? (ilult- 'C3ftl'll WHIM ft r' UII I lM J ETTERS OF - CREDIT XRAVELERS' CHECKS THE convenience and Hafe ty of this method of carry, inic funds when traelinj: can only be appreciated by those who hne n -el them. They nro really an absolute necessity. We issue them Rood In every count rj of the world. Real Estate Trust Co. Broad and Chestnut Sts. .MNk! FS IP ill American Sumatra Tobacco "I, s, 1025 New York. Phila. & Norfolk 1st -is, 1039, Stk. Tr. Is, 1918 and Income 4s, 1939 Western New York & Penna. Gen. Is. 1913 ISAAC STARR, JR. & CO. JoTII A (IIK11MT STUKirrS inn. ij.i.riii.v Hpnire SKIM Hare 1800 : t s; ! IX I'f t t.. American Ice R. E. 6s, 1942 Citizens Lt., Ht. & Pr. (Johns town) 5s, 1934 Duquesne Light 6s, 1949 B0ENNING, GARRISONS CO. STOCK KAfllAMii: IH'Il.DINfl Direct I'rlvute Trlrnlinno to New l'ork Member I'lillu Mink Lxliunre SM i 1 te I C HANDLER cxfJOMPAKY Franklin Bank Bids. Philadelphia KMXob IWatoa i'i y' MARKET SENSITIVE TO PRICE CUTTING Salts noo noo 200 ?oo 3100 400 too noo 2S00 Early Rally ChecKod by An nouncement of Further Motor Price Revision A 00 400 700 400 1700 2000 A00 1000 200 1900 IS 00 400 100 1.100 1100 400 100 300 .100 1400 300 200 1700 200 2700 200 N00 NfW Yorlt, Sr-pt. 2S. CotiRiilernhlo irrojnilarlty nttcndwl the price move ment in today's stork market, yet alto gether the list displayed much better rpsitinc power. This wns especially notifiable in n number of the industrlnl f'Peelnltles hard pressed In yesterdny' session, suggesting liberal covering of thort contracts. At the same, time it confirmed the large etent the sellltiR had been for the bear account and dis closing n temporary oversold condition. On the other hnnd, the buying power otherwlne wan again found to be ex ceedingly limited, evidenced by the In ability of the more ttpeculatire issues to maintain tlio full recovery or extend the enrller rallies. That the market was still very sensi tive to the inllueuee of the revision in commodity prices was demonstrated in tlio renewed acresslveness of the reac 400 18.100 2100 tionary party on the announcement of further price cutting in the automobile trade. Although the shares most affected showed a tendency to slide back, there was not the same wide-open breaks noted yesterday. The bearish drives likewlso lacked the sharpness and were 300 200 100 1000 0100 400 200 300 nOO 100 200 900 700 5400 5900 noo 7700 5200 100 L300 100 QI00 500 3700 4000 100 000 10000 500 400 2000 100 1200 3.100 800 200 3100 000 700 400 50 809 300 5800 too 3700 1700 900 500 100 1400 '.'100 100 200 100 noo too loo moo 200 noon snoo too 300 4400 310 100 400 12000 200 2S00 2201) 200 100 200 100 200 100 24 00 1700 son 501) 200 200 too 200 100 1700 1(10 21)0 150U ' too 200 3700 .100 ." 1.100 fc fil0 a. ion 100 1200 .. 100 , 200 . 700 .. 100 5100 , 100 1100 200 concentrated in the supposedly more vul nerable spots. I After a wobbling opening there was a marked Improvement in the tone of 1 the market. Influenced to n large ex- tent by n clearer understanding of I the Boston situation. Technical rather i than outside conditions, however, were the greater factor, and it was the much reduced offerings that led to quick re- treat of the bear crowd I The covering movement continued , during the forenoon, especially among i oils, steels and equipments, in which rallies of early low prices ran from 1 to ,T points Buying of Investment rails, notably 1'acitlcs and grangers, nt gains of 1 to 2 points, was another helpful factor. Secondary rails, par ticularly coalers, such us Chesapeake and Ohio, and Pittsburgh nnd West Virginia, also were active nnd strong. American Smelting rose briskly and sharp recoveries were made by some of the motor specialties, particularly rub ber issues. Tobuceos and chemicals were among the prominent miscella neous specialties. Renorts of loan calllnc by the banks terved to hold the recovery in check for a time, but when It was found call funds were in ample supply at "-per cent the recovery movement was mado on broader lines. The improvement was fairly well sustained until around midday, when the announcement of n further cut in automobile prices was n tiiivnnl fn. n frAch Lolllriir mninmniit Curiously, instead of the motors, the drive of the shorts was concentrated against the shipping issues which, with the leather shares, were found to be vulnerable. The former group dropped 1 to 3lL. points, while the lut ter fell back 1 to J! poiuts. DROOPING PRICES IN LOCAL MARKET Storage Battery Not Affected ' by Marking Doivn of Auto mobile Prices I There was n reactionary undercur rent in the local market, but most re cessions were confined to small frnc- Itions. The trading was more active than jesterda and somewhat better 'distributed. The drooping tendency , was due entirely to sympathetic iutlu ruco of the unsettlement of the larger ' markets rather than because of any adverse lofal conditions. It was gen erally appreciated, however, that the price-cutting movement was likely to be felt here as well ns in the other llimnciul renters . Comparatively few of the local stocks nre dirertly nffected by the apparent downward revision in commodity and commercml prices. The sentimental effect, of course, is bound to be felt. About the only soft spot was Klectric Storage Battery, which suffered n fur ther decline of IM.j points to 12'J'j. Those who are supposed to be well in- , formed concerning the affairs of tlio company express the belief that the marking down of prices in the nutomo- , bile trade will have no effect to spuik 'of on its business. One of the more noticeable develop- I ruents of the day's trading was the unusually large dealings in Lehigh Navigation, which yielded to ."0. One block of L'OO shares changed hands nt the lower price, which was generally i believed to be another one of tho-a fa miliar switches in order to establish I loss for income tax returns The stock immediately rallied neurly $1 to .1!). ' Another incident was the MVj advunce in Brill pfd. from the la-t previous sule to s,'.. The (.treit railwav liarc nnd other utility is.su,' were disposed to bhade 1 off. The railroad stocks on the other hand lontininsl firm. I'enuxylvniim Railroad advancing to 42';, while Le higli alley reached j,ar. Philadelphia Stocks 1 30 p m Net 1 , Hlith Low 11." Am Strs.. .".Ovs o()t ." II ill & S t .f . . Ml Ml .-l r.i.TStnr.l2.'i 12"-. Ml -IS 12!! ',-!, ltitr.rb' Int pref ... 27 KlO Ilke Slip 11"; .Villi! Leli Nav. IllHj -; i I .eh Vol . ,"ii lOt.Miilvub'. 1I71; .'.17 I'a It It.. -12' i 12!) I'hila Ins Wire .. .121; 20 I'lulu Co. 3 110 do cm pf 331.. .10 PhiloF.leo 20i, !H0 I'hila BT 1.1-lj 110 Vu True. 2l's JCh-I i; fl I . . . 3.1'V. lilltt'S Steel MP.; J.ltWct .Md 1 lr's 37.1 War I & S S Hi... .hit: ."i.l l'i 37 12 .12 3S 32'. 20'-" i.-.. ; 21, 3.1 Mil', 1, Pv l!l- 371. . 12', t- ', r.2 . . 3S .. 32 Vj 20 -r 1.1', set! Vj ft, t ibor !, mbr Jiiuunry Much .la . Ju lll.l Mi'.-f H H-rlif, S .. tNt fhance mnde bv eomporUnn Willi hm ale on Nfu Yuik htuck Kxtlmnsv Sale in llOVDS 1 .10 N,t Jl'H'i) lliih Iiw . in hs. 2 Am 5as & Kiec ,is . . !) on on 7 Trench hs .101 101V NUi, 'i 2 LehiKh Val (ten -I'v. 1 Lehigh Val Cual .'. . 2 I. ib Ilond, 3'i,s 0-10 2d 4''is. . '4 ... ,.-.i, l.i4 1)2 Vi 02' J fi2'4-r.ia, no..iono..iofio.io.io S7 (M) S7.00 ST 0O-- .Oil 2 3d l'it . SI) 00 WI.OO S!i (III -1 .10 -1 30 J 1 7-10 4th 4',s S7 10 h7.0()S7 10 I U. Vie N 4!1iH. fl." SO JI.1.M) '.I.1.MI 30 lj do ivih, . w.in it.ui i't.(n, do ;jii r ivnuu it It teiiui ctfi.101k 101', 101U4- V. 2 Phila Klee 1st 0s.... 80M) 80 V; BAR SILVER Bar silver wan unohoneed In London for today nt bVTtU. i llul NEW YORK STOCK EXCHANGE TRANSACTIONS 2:80 Net Low (NYtm) Chre. In I Jtl.h . . Adorns Impress 3S 0 AJax Rubber 4.1 .. Alaska Oold Mines... 114 . . Alaska Juneau d M.. IK 7 Allied Chem & Dye... lH 1 Allls-Chalmers 3.1 B Am Agrlc Chem 8714 S Am Heel SiiRnr 78 10 Am Hosoh Magneto... 70 H 37tt 37?4 432 14- 4 14 .. S8H- H 33 1 874 a4 781 70 374- 4 132 4 94 11 4- 4 0044- 14 71J4- 41H. 14 t4 80 32 J4 87l 75V4 09 4 32 n 132 H ton fl9 71 J4 04 H 91H 111 184 S7K 34 MM J07V4 86 ft 07 H 1.10 128 00 K 714 OS M 51 tt 3 83 77 V4 114 .. Am Can 33 12 Am Car & Fdy 132ft 80 Am Dm Syn $Vi .. Am Hide & leather. . It 7 Am Hide A Leather pf 0'4 0 Am lnternat Corp.... 73 3 Am Linseed 0 fl Am I-ocomotlvo 02 J .. Am Safety Razor 15 .. Am Ship ft Com IRJi 4 Am Pmelt A Ref .... 19 3 Am Steel Foundries... 30 W 7 Am Steel Fdys pf.... RH 7 Am Suprnr Ref 108 10 Am Sumatra Tob 88 a Am Tel A Tel 07H 20 Am Tobacco ISO 20 Am Tobacco R 12814 0 Am Tobacco pf new.. 00H 7 Am Woolen 72J4 7 Am Woolen pf 05K .. Am Writing Paper pf 8SJ 4 Annconda Copper 52V5 .. Assets Realization... 3 0 Atch Top A Santa Fe 85U It Atch Top A S F pf... 77J4 . . Atlanta Rlr A Atlantic US OS 924 15 108 1.10 128 - 14 90M 4 72H H 05H 294 .14 4 42 H 3 85J4 4 774 54 114 .. 10 Atl Gulf A W I s S...146VS 1424 143 3 8.R0 Raldwln Locomotive! .108K 108? 1074 Raltlmore A Ohio.... 44 14 43ft 44 r- 4 Raltlmore A Ohio pf.. 51 50ft 8 Barrett 1,12 132 .. Ratopllau Mlnlnff K . Bethlehem Motors.... 3 4 Ji A Rethlehem Steel R 714 70J4 8 Bethlehem Steel 8 pflMJS 104J4 .. Rooth Fisheries 7 7 .. Rrklyn Rapid Transit 11 10 J, . Brklyn RTCtfsof dep 7 7 10 Burns Bros 934 934 .. Rutte Copper A Zinc. 7V 74 .. Caddo Central OAR 15 1594 .. rnllfnrla Petroleum.. 274 274 10 Canadian Pacific 120J4 1194 8 Central Leather 45J 44J4 4 ferro de Pasco Cop.. 39J4 39'4 10 Chandler Motors 77 74'4 4 Chesapeake A Ohio... 07'4 0y4 .. Chicago & Alton 13H 13H .. Chi A E 111 Ey T ctfs 15 14 H . . Chi A E 111 pf ctfs..,. IBM 10H .. Chicago A Gt Wct.. 12H 124 2 Chicago A Gt West pf 2914 29 .. Chicago Mil A St P... 39V4 38 . . f hteago Mil A St P pf 594 58 8 Chlcairo Northwestern 7514 755 8 Chi Pneumatic Tool.. 784 70K . . Ch" R I A Pac 394 394 0 Chi R I A Tac 6 pf 08 08 7 Chi R I A Pac 7 pf 80J4 80 .. Chile Copper 14 '4 14J4 1.30 Chlno Copper 27 27 . . Cle Cln Chi A St L. . 01 50J4 4 Coca-Cola 32JS 31y4 .. Colorado A Southern.. 31 33H 5 folumb Oas A Eleo. . 57J4 57J4 1 Col Qraphophone 21J4 20Ji 7 Consolidated Gaa 81 80J4 2 Con Interstate Cnl M. 0J4 9 .1 Consolidated Textiles. 20H 20J4 1 Continental Can .... 71T 74J4 1 Continental Candy.... 10V4 lOJi S Continental Insurance. 00 00 4 Corn Products Ref... 83J4 82$ 0 Crcx Carpets 50 50 8 Crucible Steel 1284 125J4 .. Cuban Cano Suitar.. 37 30 51 4- 132 - 5 - 70 loji- 7 034 2 74.. (4 15- 274 55 120J4 1 451, Ji 39(4- 74(4- 2M 7(4 M4 13 15 10-12(4-29(4 39(4 58 75(4 1 78(4 2 38 M 08M 4 so - (4 11(4- 4 27 012 32(4- 1 33-574- 21;- 80(4- 914 20 09 - 1(4 8.1 J4 1(4 50 - 3J4 125J4- 4 37 1 40 (4 105i,; 14 214 2(4 7 Cuban Amer Sucar. . . 41 40M 0 Delaware A Hudson. .105(4 i0Syt 10 Del Lack A Western.. 244 244 .. Denver A Rio Grande. 2J4 2J4 .. Dener & Rio G pf . . 4(4 2' 8 Detroit L'nlttd Ruy.. 92 92 1 Dome Minos 11 II . . Dtiluth So S A Atl 0 0 .. Duluth So S A Atl pf 10 H 0J4 .. Elk Horn Coal 2.1 2,1 . . Kmerson-Brantlng ... 15 IS 5 Endlcott-Johnson 0 00 7 Knd!eott-John!,on pf.. 03V5 9.14 .. Krle I98 10H . . Erie 1st pf 28 27H .. Erie 2d pf 20?; 20J4 a Famous Players pf... 83 V4 83 3 Flsk Rubber 2114 20J .. Freeport Texas 2.14 23 2 Gen Am Tank Car... 02 02 a General Electric 142J4 141J 1 General Motorss I8J4 18(4 0 Gen Motors deb 6-i.. n7'4 07(4 6 Goodrich R F 40(4 48 7 Great Northern pf . . . . 80(4 78(4 .. Hablrshaw El Cable.. 15H 15 4 Haskell A Barker Car 00 00 .. Houston Oils Co 108(4 108 1 Hupp Motor Car 14(4 14(4 7 Illinois Central 90 00 00 Indtanhoma Ref 7 7 .. Int Mer Marino 21 20(4 0 Int Mcr Marino pf.... 73 71 .. International Nickel.. 17 17 .. International Paper... 77 71 4 Inspiration Con Cop.. 45(4 45 .. Inter Con Corp 3J4 3? .. Inter Con Corp pf . . . 12(4 12(i .. lnternat Motortruck.. 40 30 7 Int Mo Truck 2d pf . . 01 01 .. Invincible Oil Corp... 35(4 34 (J 7 Iowa Central 0 0 .. Iron Products 43 41 'j .. Island Oil C(4 1:14 .. Jewel Tea 5 H .. Jewel Tea pf , 0 0 .. Kunsas City Southern 24 J 2.1J4 4 Kansas City So pf . . . 40 4h 4 Kelly. SpK T 50 52 .. Kelly-Spg T rts 1 8 Kelly-Spg T 8 pf. . 9.1 0.1 2 Kennecott Copper 234 2.VJ 1.20 Keystone T A It 13J4 13 3 Kresgo S S 12,1 12.1 .. Lako Erla A West 184 is", .. Laitc Erie A West pf 33 32(4 2 Lee Rubber Tiro 19 lo 3.80 IvohlKh Valley 50 4a .. lft Corp 14 !.,; 2 Loewo Co 21 3014 .. Loose-Wiles. Biscuit... 40 o' 24- (4 ;- (4 02 1 11 fl 10Ji Ji 23 15 no a 934 . . 19 (4 27- 20 34- (4 83-1 214 4 23 - (4 02-2 H24 (5 18- (4 C7(4- (4 40(4 in 80(4 2J4 15 (4 cu .. 108 (4 "; (4 00 14 20(5 "i(4 71 2 "54- 70 1 15 W 3? (4 4- (4 .10 - 1 3"'Vj (4 H 13 2 !4- (4 5 (4 24(4 (4 401 511 3 1 9.1 2.14 .. ,VJi Ji 12.1 2 18(4 .. 334 !4 lu- jj 50 1 11(4 .. 2034- 4 40 1(4 tinned to sell old supplies. Receipts wie 702 cars. September opened nt $1.27 to $1.273 fiml llltiir wmM nt n tint li-iua ,? 1 ,..-. Commodity Markets COTTON MARKET New Yorli, .Sept. 2S. The rntton market opened dim today lit 7 to 30 point, advance. Liverpool cabin were poor, under the influence of weak ninth ern npot markeu and fearx of lncher money in Knjtland, but Liverpool inter ests were active buyers here Theio wns scattered hhort covering und trude bll.MIl. Several bullish private crop condi tion reports wcro in circulation These ti tided to re-tnet-fresh HpcctiliiMv,. hell Init, hut on the rise, the Snith ajjain offered hedces freely nnd inu. h of the earlv (tnln was lost. Tlie w other over the belt whs regarded at. favorable, but the approach of a Kiilf torin caused -ome apprehension. Tradim; was heavy and the list un 'at $1.2(ii-... December stnrted at DO 01 n cents nnd Inter sold nt a net de- (lllli' of 'j cent, at Jl.'li; cents. .May ua, (ploted at DDtaDf)1; cents nt the outlet, against !i!HH icnts at the end jesterday, and Inter sold nt DSUj cents. Outs were easier on selling by u bouse with seaboard connections. He ccipts were 173 cars, September opened at cent lower, nt ,13. December stinted nt .18 ftt.isi-j cents, nnd Inter sold at a net de line of Vj cent, nt .ls cents. Mov started at !2ty302i, cents and later sold nt a net loss of '., iciit, at 01 cents. Today's Range In Liberty Bonds (N. V tlinei 1 IS llluh Iiw p m Liberty 3.8 . DO. .IS D(l10 DO .10 Liberty 1st 4s ... M ,11 8S.00 SS III) Liberty 2d 4s ... 87.30 MI.40 87 30 Liberty 1st 4V4s . KS 111 87.00 S8 ,1s Liberty 2d 414s.. 87.70 80..1II 87 70 Liberty 3d 4i,,s . 811. .10 88..m 8!l,.1ii Liberty 4th 4 '4s . 87 70 80.0(1 87 7o Victory Note 3s !M S4 Il.1.r0 11.18 J Victory Note 4h 00.00 D.".fi2 fill ou lid after tlio opeiiin 'N Y time) Tent. T lay h 11 10 1-80 close o..n h rn p. m 20 HI 1 1 ') .-.I 70 111. 4S .( -ii ;n A jj2 ns 0 RO '.o ii-. Jl ';o lit HO 'JO 10 . 17 20 'll . . 20 2.1 . -. Sit .10 ... IV l"l .' ' .' GRAIN MARKET Clilcaco, Sept. 2S Tlure ii a Brent deal of nervousness in the early trad inK. hut the und' I tone of the i?rain niurket, in the main, uns weak, (trices suffering sharp losse, f'ommiRsion houses sold nt tirst, but resting orders to buy were reached on the decline. Sentiment wns bearish, owing to un fnvornble commercial and financial le liorts, which over-hndowed the strong statistical portion nnd the recent heavy demand for export. Heieipta were lighty-two cars. NEW YORK COFFEE MARKET Now York, Sept. 28. Tlio coffee market sagged this morning under scat tered liquidation, call prices being 2 to 1 points below the previous close. The market was stilt nffected by the gener ally unsettled conditions and there wns little special feature to the early trad ing. Price changes were unimportant dur ing the morning session, holding close to initial levels and with only a small vol ume of business transacted. The market has ngnln developed Into n waiting af fair. The quiet spot (leninnd has been n disappointment to the trade. BANK CLEARINGS t! n' learnt" toda i tiip,red wlih. ror respondlnu day last two years lieceinlier oenni iu .i . 10 is.u, against $2 23 at the end jesterday. nnd later sold nt $2 22. .March Htarted nt $2.20 to $2 13'.;. compared with S2.18 at the close jesterduy, nnd later sold at $2 1.1. Torn wns irregular at the outset, hut later was weaker. A leudlng commis sion house purchnsed at the start, but other concerns were nggressive sellers. The weather in the belt wns favorable ... JH4W the new crop and the country con- jittUimore iloi.23 "u v" fcow Sal's 100 400 100 200 700 8200 3000 2.100 2200 4500 3500 200 400 700 000 1700 300 100 100 300 100 300 100 900 100 1400 400 100 100 100 8000 High 10 Manatl Huzar 190 100 100 .. Maxwell Motor 5ft .. Maxwell Motor 1st pf 15 .. Maxwell Motor ctfs... 5 .. Max Mot 2d pf ctfs.. 0 12 Mexican Petroleum... 894 1.00 Middle Slates Corp. . . 10 4 Mldvalo steel A Ord.. 37 .. Minn & St Louis 18 .. Missouri Pacific SO . . Missouri Pacific pf . . . 5s 3 Montana Power 59 .. Mo Kansas A Texas.. 7 . . Mo Kansas A Texas pf 114 .. Montgomery Ward... 38 .. Nat Aniline A Chem.. 804 7 Nat An A Chem pf. .. 894 Nat Cloak A Suit.... 35(4 3.30 National Acme 33 .. National Con A Cablo 7ft 0 Nat Enam A Stamp.. 00(4 fl National Lead 78(4 1 Nevada Con Copper.. 11 H .. NO Texas A Mexico.. 88 10 New York Air Brako. 07 5 New Tork Central.... 70 .. New York C A St I... 48 8 N Y Chi A St L pf . . 58(4 . . N Y Chi A St L 2d pf 88 2.80 New York Pock 23 .. Now York N H A H.. 30 1 New York Ont A W.. 22 7 Norfolk A Western... 00 7 Northern Pacific 82ft Nora Scotia SAC... 42 40 Okla Prod A Ref 4(4. .. Orpheum Circuit 28 ( 8 Otis Elevator 120(4 .. Otis Steel 21 3 Owens Rottllng Mach. 48(4 Pacific Devel Corp... 31 B Pacific Gas A Elec. .. 49 Pan-Amer Petrol 924 fl Pan-Amer B 844 3 Pennsylvania R R.... 42 .. Penn Seaboard Steel.. 18 .. Peoples Gas Chicago.. 33 .. Peoria A Eastern 17 .. Pcre Marquette 29 .. Pero Marquette pf.... 80(4 3 Philadelphia Co 38 .. Phillips Pet 37 .. riorce-Arrow Motor... 31 .. Pierce Oil 134 8 Pierce Oil pf 804 8 Pitts Coal 71ft 0 Pitts Coal pf 85 . . Pittsburgh A W Va. . . SSft 1 Pond Creek Coal 17 8 Pressed Steel Car.... 01(4 4 Pub Serv Corp of N J0 8 Pullman 1154 fl Punta Alegre Sugar... 754 4 Puro Oil Co 38 1 Ray Con Copper 15 4 Reading 34 .. Remington Typewriter 524 .. Replo Steel 78 0 Republic Iron A Steel 70(4 .. Republic Motortruck.. 35(4 B.20 Royal Dutch Amer... 87(4 .. St Louis San Fran... . 32 .. St Louis San Fran pf 44 ft . . St Louis Southwest ... 30 . . St Louis Southwest pf 434 .. Saxon Motor 5 .. Seaboard Air Lino. .. . 10 .. Seaboard Air Lino pf. 19 8 Sears-Roebuck 128 .. Shattuck Arizona 0 .74 Shell Transport 53 .. Sinclair Oil 32 0 Sloss-Shcff 04 0 Southern Pacific 90(; 20 South Porto Rico Sug.121 .. Southern Rail 3t? ft Southern Rail pf .... 62 20' Stnndard Oil of N .I..040 7 Stand Oil of N J pf..l05 7 Steel Tube Co pf 84 4 Stewart WarnJr Sp... 30 4 Stroniberg Carb 08 7 Studcbaker 80 84 15 5 54 88(4 15 37 14 18 28 ft 51 594 8H 11 784 78(4 894 354 33 7 0(4 75(4 11H 57 92 75 474 584 88 23 354 22 98 80 42 ' 4 1 3R 128(4 21 48(4 31 49 00 874 41ft 184 32 17 28 404 37 374 33 H 134 804 70ft 85 314 17 944 00 itflH 75 38 14 92 824 784 75(4 31 87 31J4 44 37 43 4 104 18 123 9 53 3lft 64 os (4 121 30 ft 02 0.15 llMft 81 30(4 08 55(4 18 50 41 9ft 40(4 37 30 "ft 20 07 16 23 12 27 122 65(4 38 199 11 24 V, 09 ft 55 hOft 48 75 105(4 55 80ft 105 00(4 05ft 02 107(4 114 11 304 21(4 134 20 38 71 100 47 HJ4 24(4 43 11(4 094 50(4 37 30 81 400 100 8500 200 400 300 too 100 100 200 100 12500 1000 300 200 100 200 5000 000 3500 300 2500 100 100 1300 too 2500 100 too 100 too 500 100 500 10000 100 400 8000 000 300 7500 300 4 000 300 500 2000 500 100 100 200 5000 300 G100 100 11000 390 51 917 100 COO 1100 11800 100 100 100 1.100 15700 500 noo too 400 1009 1100 too 1000 400 2700 100 000 100 400 1100 7200 300 1200 1700 1100 12800 2 Superior Oil Corp.... 18 (l Superior Steel 50 8 Tcmtor Com A F "A"' 41 . . Tcnn Cop A Chem. . . . 0ft 3 Texas Co 0 .. Texas A Pacific 37 00 Texas A Pacific C A O 374 .. Third Avenue lift . Times Square Supply. 20ft fl Tobacco Products 08(4 .. Tol St L West ctfs.. 17 . . Tol St L West ctfs pf 23 .. Transcontinental Oil.. 12(4 .. Union Oil 28 10 Union Pacific 1235 4 Union Pacific pf 05(4 4 United Alloy Steel 38(4 12 United Fruit 109 .. United Rwy Invest... 11 .. Unl Rwy Invest pf . . . 25(4 8 United Retail Stores . 71 .. U S C 1 P A Fdy 14 ft fl U S Food Products. .. 50 8 U S Ind Alcohol 814 .. U 9 Realty A Imp.. . 4H 8 U S Rubber 77(4 300 8 I' S Rubber 1st pf . . 105 100 3.30 U S Smelt A Ref lit. . 35 80 ft ,100 , 01 . 00 27400 B U S Steel 000 7 U S Steel pf 1.100 0 Utah Copper 3300 a Vanadium Corp 100 4 Va-Curolina Chem.. cv 100 h Va-Carollna Chem pf. 107(4 700 2 Vivadou lnc lift 3000 .. Wabash H34 1100 . . Wabash pf A 31 100 .. Wabash pf B 21(4 10100 .. Western Maryland.... 11(4 4700 . . West Maryland 2d pf 21 14 2200 .. Western Pacific 39 (; 200 4 Western Pacific pf... 72 100 7 Wi-stlnghouse A BrakelOO 800 4 Webtlnghouso 13 A M 47ft 3000 .. Wheeling A L E 14(4 000 . . Wheeling A L 13 pf . . . 25' j 800 4 White, Motor 44 5700 1 Willys-Overland ...,. 12 500 7 Willys-Overland pf... 70(4 300 c Wilson A Co 50 100 .. Wisconsin Central 37 200 0 Worthlngton Pump... 39 ,. 100 7 Worth Pump pf A.. M Ex-dlidenu. t EXTlSlltl, Dlv. Int LIVESTOCK QUOTATIONS ,;'j.,ru!"' j h' "' -'s I'ATTLE Receipts 13.000 head ( hi m atpprs ateadv. Ilarlv top, lh 10 hulk chol(e. 117 230117 RSi medium Kra.e ..ry dull and uneven: com mon klniN M., low. priced the Mock anil canners llii, ,- elnw sie.idv. better iad.. dull and itmi n. twluiina bulla f hade lower S'.J'L. '' ,n,l" eal steudy. mostly 17 I17.7S. itrH . aiws dull. SilftO&ll. bet teedera alou .'h. r and Miockers very dull: receipts Mirn uono heud. 1IOOS Iter, it i 22 00(1 head. Moatlv BO (?f,.V lower 1 ,,1,. lop H7 -0. ou, of np prnrllcal tor, m 31 bl,k IkM nd tiutch. till' 4o i)iu ,oTi73e lower HIIKIJP U..,. 2B.000 head Fat lambs llrm .rj Koral Idaho. $13 7.1: cholco held hlalier t.r 1. 1 1, U top nntleii. tl3, eheep ?Sd. o7edir'' "," te.lv: tut ewea largely (o.ioiiio ,: 1,1 1 fholie weatern carlliiK wethers str-nt ai tin 10. best feeder lambs. lulu esierd.i 13 .",0 I'lttsliurgh. S.pt 2S IIOOS Itecelpts, Si 0() head Iiw.r Heavies 17 BOBi 17.7.1 heavy jorkere lis m is. 20. nxnt yorkers 117817 no. pin, mi mis i 7.1 """ simnr ani i.amjis itereipts. 1000 hr-sd Steady Too sheep IS. 60, top lambs, CAIA'KS llec-lpts. 223 head. Steady. Top tlH 50. Raw Sugar Market Quiet New York. Sept 28 The market for r.iw sugars ("iitltiues extremely quiet. A' rordlnK to some trado authorities, suKiirs aKRreKatlntf 10,000 tons are of fered, but with buyers Indifferent There were no sales reported yesterday. Im portations continue extremely light, the arrivals from September 24 to 27 conslst-ini- of 128,86f mats of Philippines nnd 2000 tons Natal molasses sugars to the American Co. The local refined market remains unchanged vith iho National, the Federal nnd Arbueklo Tlrothors still quoting 11 cents, less 2 per cent for cash. The McCahan refinery, nt Phila delphia, and tlio California-Hawaiian and western refiners are now on a 11.25 cent basis. Second-hand sugar continues to be offered In fair volume at 13 76e, less 2 per cent for c.ish The market developed a decidedly easier tendency around midday, 1000 bags Perus selling at 10 rnts. duty paid, ex-store, equal to 9 cents, c I f, for Oubas, and 8 cents, c I. f., for full duty paid sugar. Trade Quiet on Paris Bourse I'arls, Hept. 28 Prices were quiet on the Ilourse today. Three per cent rentes were quoted at B4 francs IS centimes, exchange on London, E2 francs 38 centimes; 6 per Jaa. ,.(.... ...V'1.:' ' - IMi ift, ii IIiiii mill 111 IS lMia.uoivflqlioted at li (ranw CURB TRADE ACTIVE 2130 Nt (NYtm) Chte. 5 ft- H 15 - 4 82 8(4- 14 894 a 15- 4 37 4 18H H 30 4 53 ft 584- 34 7 4 It .. 1 384- ft 80(4 894- 4 35(4- 1U 33 14 7ft 4 60(4 4 75ft- ft 11 - 4 581 02 79M 14 481 884 58 1M 23 -,4 35 .. 22 . 00 (4 82J4 1 '12 3 44 28 (4 126V4 - a 21 -e 4 48(4 - ?4 31 1 40 H 024 14 834 4 12 184- 4 83-34 17 ft 28- ft 50(4 1H 38Z 14 37 14 33 - 4 134 ft 804 4 71J4 2(4 85 - (4 35J4 14 17 - (4 01(4 ' 603 110- (4 75 - 4 J854 14- 4 Liquidation Caused by Boston Bank Troublos Has Boon Completed New York, Sept. 28. The Curb mar ket today was unusually active, many stocks being in brisk demand from out side buyers. Boston -Montana, which yesterday sold nt 20c a share, after trading in nearly n million shares, moved up to 41c. The belief prevailed that liquidation, caused by the Boston troubles, had been completed. Many of the high-priced issues, in eluding the du Pont stocks, Proctor and Gamble and others in the same class, were traded in without much change in price. There wos initial trading In the new Maxwell stocks. Industrials wcro generally firm, Sweets Company selling at 1 and 17$,. White Oil rapged from 23 to 23. INDX'STIIIALS llUh . 2 .190,, : SH .220 . 77 Acm Coal . Amer Ilr Amer Canay Car Llsht .. Dupont Co . riunont Dref Flrrstono Tiro .120 Ontral Atphalt 84 Htyutn Chemical intr Rubber ... 8J4 ... 11H ..111 v.tl.n.l rltv Tl.nlf rtm North Amer Paper 8d Max cnai "A" ; Max Chal "B" 24 Perfection Tire 1(4 Procter it datable, 118 rtnrtlo Com 2H Itartlo Com pref 3 Heupbllo Tire Rubber t n J Heynolds (rew) "B".. 43 I'not Vnnaervort 28 Hlnirer Mf(t 128 Vweet Co lH Trlnnitle Film t tt 8 Sleamehlp 2,, fnlted Proflt Sharing .. lji fnied Retail Candy .... 11(4 Wnrren tiros 30 Wayne Coal 8(4 HTANDATID OILS South Penn Oil 274 Standard Oil of Cnllf ....315 274 815 271 31.1 INnnPENDKNT OILS Allied Oil 20 limine Oil -U Ilnntrn Wvomlnr ........ 1 03(4 I 534- 14 78 - . (4 70(4 1 31 - (4 874 4 31 (4 44ft ft 39 4 435- 1 4- 54 10(4 10 125 1 9 .. 53ft .. 32 - ft 61 - 1 93 54 121 7 3194 H 02ft- 630 1 105 -'4 1 Cuhln relo Dominion oil '? nik Basin ret S'J llnmeratda Oil H I'ederal Oil 2S Mararalbo Oil 10V4 Midwest Itcftnlne 181. , National Oil N J 7Ji North Amer Oil 8t Omar Oil 8J4 Producers 4 rteOnera .... OVi Hed nock Oil '4 Hoy de France R1 Slnima Tetroleum 12S Skelly Oil n?i ON OUTSIDE BUYING OH 0H i H 2 24 tK'i in'4 140 1R0 ll'i 3H 34 as as 0H fl 12 12 0(4 s'4 "tt "It Tropica Oil 18 t'n Texas Oil Vlrtorln Oil (new) 1 t'4 234 1. 23V. White Oil 23 MINING Atnska-nrlt Colum u l.edffo .. . n OS 10 4 4.i 01 '4 : iu H 15 5 34 4 , M4 OH K J 19 4 '4 01 1 2!l 1 l'i R IS r, 34 llnMon A Montnna 41 Calrrt Mlnlnir 10., Candelarla. M Ji Conn Vlrelnta 4V4 rortes Oliver o.-i Crei-ron Gold 1 Divide Hxtenslon SO Kl Salvador IX Kureka Holly 1A Onld Con 8 OoldOeld l'"lornee 15 8 80ft -41 0ft . 49 ft 38 flo d Silver TICK n Oold Zone 30 l;mma silver Jumbo Kxtenelon R. Ioullana Co MarNHmara Mother I.ode Mother Iiode (new) . Nlpleslne Ophlr Silver rtex Conn S net n Copper S Silver Ix-ad TrtMnnfih Tt.lmnnl n BR BR n'4 n 1S'4 i 1U 14 in 10 21 3 1A 3 n 37(4 f 1 lift- (4 20 - 2ft 08(4 (4 17 2.1 - 1ft 124 4 28 ft 123 2ft 05(4 .. 38ft ft 199 11 25ft 154 70(4 4 14(4- H 55 ft 81(4 f 1ft 482 70ft 2ft 105- (4 55 1 80 ft ft n 1M4 184 1 l4 Tonopah Divide 1 Tonopnh Kxtcnelon 1H Tonopah-Jlm Ilutler 10 Tonopah Mlipah 10 Tonopah Tteecue llula .... 21 t'nlted Eastern 8 West Knd C lli in 1A in in 21 3 1A HANDS Allied Taekern 1 5S BS ns'4 04 si 10 Armour ,a . ... Hethlehem Steel 7a, ns'4 94' avi RlH ns4 10 ioav n4 02J-J n.t4 ri4 Cons Textile 7a . . . . Inter Itap Tran 7i. Heaboard 0a New Haven 4s Sinclair 7Ua Pl'-i Went r.lectrlc 7s 8H Hcrlln 4 10 FOREIGN EXCHANGE New York. Sept. 28 The foreign ox change market opened stronger with small rallies Indicated for tho princi pal exchanges. Sterling was up ono cent; franca 3 points and marks 4 points. Pesetas gained Bomo ground and lire Improved H point Quotations were Demand aterllng 3.50V4. cables 3. Bl; franc cables 6.71. checks 0 70; lire ca bles 4 21 -4. checks 4.21: marks 1.67; Swiss cables 16.21, checks 16.16; Bel glan cables 7.12, checks 7.11; pesetas cables 14.80, checks 1178; Stockholm cables 20 15, checks 20 10; Chrlstlanla cables 13.80. checks 13 75; Copenhagen cables 13.85, checks 13 80; guilder ca bles 31 Vi. checks 31V. Tho market held steady through the first hour of trading. Demand atorllng wan 3.50 U. cables 3.50 Ti : frnnn rnhlea 100 01 00 02 107 ft-11- 112- 30ft 21(4 . 14 ft 21 38(4 . 72 100 25(4 44 1154-004-50(4 6.71, checks 6.70; llro cables 4.22, checks 1.31 4 ! marks 1.68 Argentine was quoted at 118.JU. YHSTnUDAY'S 1'INAf, QUOTATIONB 372 50 - ft bl 3 . Sterling; Franca l,re Guilders Demand .... a.ssji tint in ao or cuuies . ... o.hi- ii no i.i si.i TODAY'S! orKNINCI QUOTATIONS Hterlln I'ranrs Lire Guilders Demand .... 3 00' (170 4"1 inn Cables l 8 71 4.2H4 31,2.1 Sharp Drop In Sugar Futures New York. Sopt 28 A sham doollnn In the sugar futures market yesterday carried October down 100 points, the ex treme limit set by the exchange, to 8.24 cents. January und February ench de clined uu poirun, iuiirco mi points and November and December 80 points each. The break wns caused by reports of re ductions In refined to 14 cents hv threo of thn local refiners and elimination of export demaid. as well ns demand for the domestic field, owing to tho ap proach of the close of tho preserving season. AAA Rating NEW YORK PENNSYLVANIA & OHIO R. R. CO. 1st Mtge. Gold 4y2s March, 1935 To Yield 6.90 THESE BONDS COVER AS A FIRST CLOSED MORTGAGE 422 MILES OF MAIN LINE TRACK AT THE LOW RATE OF 119,000 PER MILE. et & Co. Real Eitate Truit Dldg., Phila. Boston Chicago Now York Walnut 160G Race 1271 cent loan, 85 noiioiiar was CO- j'U.niMJrifVi's'i'" ' '""" " The Fourth Street National Bank of Philadelphia invites accounts upon the most liberal terms consistent with" sound banking. Complete banking service is provided. Unexcelled facilities are offered. "W CONFERENCES DESIRED Capital, Surplus and Profits over $10,000,000 131-145 South Fourth St. f'1' "LONDON" CREDIT INSURANCE TO BE SURE rlATS just It to be SURE. The one thing of your business you are not sure about Is the matter of your credits. You have protected yourself as far a$( possible against other contingencies fire, death, etc But your credits arc a matter of belief or hope. Mercantile Tatings may be good guides, but they offer no guarantee. Collection agencies cannot really do more than your own collection department. But, Credit Insurance In the "London," gives you aholult protection against losses from bad debts. You don't live on hopes or promises. You'fcnou) you'll get your money, and you know ncn you'll get it, whether wc collect lt or not. Why play with uncertainties a day longerf To be jure, ask for the particulars of our policy today. OURSUPEIV SE1W1CE Losses Raid In American Currency nffif2SSSr3Si LONDON GUARANTEE AND ACCIDENT COMPANY LTD.. R. A. IRVING, General Agent PHILADELPHIA, PA. Phone Lombtrd 4016 aHHiMwiiimunmj nsiintnti ssin i iimin ,i muiiuhmiihij Secured Note A well protected obligation to Yield 8.40 Bonbright & Company 437 Chestnut Street Philadelphia New York Boston Automatic Fuel Saving Stock Traded in on New York Curb Market Interesting information on Request J. T. KEANE & CO. Picme Broad 1007 44 Broad Street New York City N.Y. Central 7s, 1930 Beth. Steel Mar. Equip. 7s, 1935 American Ice R. E. 6s, 1942 Erie & Jersey 6s, 1955 Sun Shipbuilding 5s, var. matur. MrCown&Co. l(0u.t SIM ianj Xitlt BldB.Kl" u Kqu) York TU Connection. Canal UJJ t t -. lu 1 AT YOUR. SERVICE Established Eiohteen Sixfnine 11 il 020 LaFsyctte Bids. ; j of the Commonwealth Power, Railway & Light Company, which owns and operates 22 properties serving 172 com munities in 6 States of the Middle West. Send for Circular Chicago Detroit Baltimore & Ohio R. R. 10-Year 6 Secured Gold Bonds Duo July 1st, 1929 Yielding Over 71, 7 nt Present Marltet Prices Townscnd Whelcn & Co. 505 Chestnut St, Phil. gr..t 1 , irfijiii&styM
Significant historical Pennsylvania newspapers