At "',"- ' V 'Vv ' VnV .'..." I-,. ,- U: u "n , m jy m'Jm'' , ,-W . fr v iJ' kY, "'? yv- 'n'p -.. ,' - '"- r . f . V t. EVENING PTJBTJIC LEDGER-PHlCABEtPHlA, THUBSDAY SEPTEMBER 39', 1920 & m: '? - , ,. - -. . "' .. w ' . "" W, Lit l$t ' ' ii m m HLb--l PRICE MOVEMENT 1 NEW YORK stock exchange transactions l . . . - v, m m ..M... . . . . . .. . . iv. .?io. nm . . niy ' . a i inn ii if hi in i in i pif f 1 .American nibttLI VAKIACSLt ill B iMit)OAva 4 1 700 II "v"" V Eh P foi K LU Many Americans are placing a goodly portion of their in vestment funds in Canada. Conditions are sound. Labour disturbances are M rare. Export trade Is if making great strides; and on top of all you can (owing to premium on American funds) buy gllt-cdgcd securities to yield 8 and upwards, payable in American funds. Write, and wo will send you a Hat of inrestments to choose from. Address : 83 -AcewCY or Royal Securities 'corporation (CAN) 1.1 M IT E D 166 Iraadway New York illftlfc'iTll Confusing and Conflicting Fluctuations in Industrials, While Railroads Hold Well YOU desire to have your invest ments arranged in such a way that you will receive the max imum opportunity to profit from the present financial situation. Higher yields can now be ob tained from sound securities than for many years past. We will be glad to have you consult with us, and we are prepared to make definite .suggestions, and help you in any way we can be of service. Correspondence Solicited STROUD & CO. Member rMlanWpMa Stock Exchange I 1429 Walnut Street Dealers in High'Crade Securities GUTHRIE & McGOVERN BANKERS nnd BROKERS Members Philadelphia, Stock Exchange 1430 S. Perm Square Dealers In New York, rhllndel. phis, Ptnck Kxrliange, Nfw York Curb Heenrltles, Honda, l'orrlicn Exchange and Foreign Gorrro mrnt Securities. TKI.IU'HONr.S Sprue (1110 Kare 300" ew York Offlce Zi IJrouUvciijr New Yorit. Sept. .10. Then wni repetition of thp confusing nnd conflict Injt price movements In today's tock market, especially in the industrial and specialty utooka, while the railroads continued to display the name consistent resistance- to the seeming strong under lylnc reactionary current. Rumors of further prlce-cuttinjc, which It wan In timated was certain to extend to both the teel nnd oil Industry, was the Im pelling force of the repented drives of the benrhh element. There wai nliti fnme talk of high money rates before the close of the session ns result of the preparation for the heavy October dis bursements and settlements. No tangible evidence developed to con firm an Immediate rutting of oil prices, neither was nnvtling positive to turn up concerning the predicted slash In steel prices. In so far as the money market, the loaning nnd renewal rate for cnll loans was still maintained at 7 per cent. It developed that yesterday's lnte advance to S per cent was due liircelv to demands of belated borrow ers, nnd. much the same as in sevcrul of the preceding (Ihvh, the higher rate com manded was because collateral offer.'d was not altogether acceptable by the banks. . nnd accommodations conse quently were secured otherwise. The conflicting character of the price movement suggested considerable floun dering on the part of the professional element, who npparcntly were con stantly testing the market in order to uncover fresh weak spots. It was also evident that advantage wns belug taken in some place of the weakness of the Industrials in different quarters to cover overextended short contractu. At the same time there were also all the earmarks of the familiar tactics of dis tributing industrial stocks behind the shield of the strength of the railroad group. Crucible Steel's extreme ncivance oi 8'i points to l.'J." wns the spcctncular feature of the mixed opening market. This sensational rise had all Indications of n concerted and prearranged drive against the shorts, with the talk of n SO per tent stock dividend used as n lever to bid up the stock. Changes otherwise were extremely variable, gas and utility stocks strengthening, with n few mils, while most of the more prominent Industrials and specialties extended their recent declines. A succession of the confusing move ments marked the broader trading of the morning. Crucible fell back 3'j points with concurrent reactions of 1 to li points in low-priced oils, coppers nnd food specialties. This wns fol lowed by moderate rallies on buying of equipments, shippings nnd leathers. Baldwin Locomotive. American Car and Foundry, Atlantic Gulf and Kndlcott Johnson being the most prominent fen- tures. The second reversal occurred before noon, Mexican Petroleum falling ' .H points, Pun-American l, Itoynl I Dutch lr,s. and Houston Oil IV.-. There I were sliarn brenks also in American I Sugar, Food Products, Wilson Packing nnd I'nitrd Fruit, Some of the auto mobile shares nlo made new low levels for the current movement, Studebaker, i I'lerce-Arrnw. Chandler. Genernl Mo tors and Willys-Overland, common and i preferred, showed extreme losses of I I to t points nnd leather issues becnine heavier on further offerings. LOCAL MARKET PUT i UP STRONG FRONT 200 SOS R00 .100 400 A00 100 100 600 400 700 M0 00 soo 100 100 000 100 500 2800 100 400 890 100 100 (00 300 0(0 1410 2S0O 800 too 100 zoo Illlh 38 IV Dlv. in $ Adams Express .. Alaska Gold Mines. . , Alaska. Juneau O M 7 Allied Chem & Dyo., 7 Allied Chem & Dye pf0H 8 Am AetIo Chem 87 Vi s Am Beet Sugar ) 10 Am Bosch Maemeto... 71H .. Am Can 33 K 7 Am Can K7H 11 Am Car & Fdy 1 . . Am Cotton Oil 3.1 80 Am Drug Syn .. Am Hldo & Leather.. 10J-S 7 Am Hide A Leather pf 0 6 Am Intemat Corp.... 1' 3 Am Linseed 5H A Am Locomotive ' 7 Am LocomotiVB pf,..,10l . . Am Ship ft Com lfi54 4 Am Smelt A TUit "K 7 Am Smelt ASeo pf 3 Am Steel Foundries.,, 3t4 7 Am Sugar Ref 17 10 Am Sumatra Tob 86 8 Am Tel & Tel 7V4 20 Am Tobacco 130 20 Am Tobacco B 127'i 6 Am Tobacco pt new.. 00H 7 Am Woolen 71 .. Am Writing Paper pf ? 4 Anaconda Copper S3 .. Assets lUalliatlon. .. H 6 Atch Top ft Santa Fe 80 H .. Atlanta Blr ft Atlantic 11 14 7 Atlantlo Coast Line... 92 . . Atlantic Fruit 185 10 Atl Gulf ft W I S S. . . "2 300 a.30 Baldwin Locomotive. ,10$ . 46H . 2H .13! .. 4V4 70i Prices Ware Someivhat Mixed, With Majority Showing Substantial Gains Shawinigan Water & Power Company 7 Stock Quarterly dividend paynhlo October 15th n"xt, New York Funds. An npji rtunlty is afforded diwr mlnatlng In vestor to shir In the steadily incrraelntf profits of tho premier hydro-clectrlo Company of North America, which has been mirresafully operating for more. than twenty years, developing and helling 210 000 Jl I Located near and supplying the rapid ly crowing ilt e of Montreal and Quebec with nn cpsen tlal of if at lowest cont Unaffected bv high cost of coal and labor JosepKW.Gross &,Co. 1421 Chestnut St. ( orrr rxjnintfji Aldred & Company Chicago Nipple Manufacturing Co. 6 Cumulative and Participating Class A Stock Par Value, $10 Market on the New York Curb Inquiries Invited Franklin Ayres JNVERTMKNT HKfUIUTIKS . Drexol BuiIdlnR (Keystone, .Vain 678 Taking into consideration the stir i rounding disturbing elements the local market ngniu put up n remarkably ' strong front today. There wns some 1 mixture in the matter of prices, but the majority were on the right side, showing gains from h small fraction to ,u point. J The outstanding fenture of the day's operations was increase in the volume f business nnd the much better dis tribution of the dealings. The local IKt was especially well represented, in cluding quite ii few usually obscure is sues. In n point of strength I.ehigh Navi gation wns n prominent attraction, sell ing up $1 tit fil'-j. therein recovering must of the ground surrendered in the preceding sessions. The other railroad Mocks- were equally strong, with Penn Ihtlvnnm Itnllrond moving up to -lU's, i while I.ehigh Valley crossed par. The utilitv cinui) were notably firm. but what was more encouraging was the! evident better feeling expressed tnwnril this rlnss nf securities. It wns pointed 1 out that nnv rndicnl ndjiistment in com modity prices wus lertuin to materially helped nil utility corporations in tnut they will be ulili to obtnin bupplie ut mu'h reduced prices. 1 Klirtrlr Storage Hnttery gave a strik-. ing exhibition of recuperative powers in nn unlimited rebound to 1'21'i after suf fering a further decline to 1"'J. Ameri- mn Ston s likewise retrieved the loss of the preceding session. United (5us Iin proenienr selling ex -dividend of SI held In in at :i."i, equnl to n gnin of '4 over i last nijlit s prire. General Asphalt fell ilmik 12 points to 4S on light sales. I American Gns and Kevstone Telephone weie le;th fractionally lower. I, 1 Philadelphia Stocks 8000 200 400 600 4600 200 2600 100 600 600 690 SOO noo 63)0 3400 ICO .133 2000 1000 2400 too 100 2000 1800 MOO 4000 1300 0200 300 600 100 " 200 ' 100 Tvtioo 53 4oo (100 "X 600 ' 400 lino loo 4700 100 .100 600 ' 2300 400 7503 1401 1710 100 100 " 3310 1190 100 .100 100 700 700 1S100 6800 1000 Z 200 4100 C1600 3 700 S" 200 tp SOO 16390 100 100 200 1 4790 4100 300 100 200 700 300 100 200 100 1290 1200 1690 100 100 6309 2401 100 400 1.110 1600 100 200 1100 400 Baltimore & Ohio. 4 Baltimore ft Ohio pf, 8 Barrett .. Bethlehem Motors.. 6 Bethlehem Steel B 100 300 2890 400 100 too 100 100 100 200 100 200 100 100 400 100 100 400 Booth Fisheries IJt .. Brklyn Bapld Transit. 122 . . Brklyn R T Ctfs of dep 8 .. Brklyn Union Gas.... 62 . , Butte Copper ft Zinc. . 8H .. Caddo Central O & n 13'4 fl California racking-. ...,62Vi .. Callforla Petroleum.. 27 10 Canadian Faclflc 12ITJ Ii Central Leather 44 J4 7 Central Leather pf... 90 4 Cerro de Pasco Cop.. 80 K 10 Chandler Motors 77U 4 Chesapeake ft Ohio... 67H .. Chicago ft Alton 16M . Chi & E 111 Kq T Ctfs 1H .. Chi & B III pf ctfs.... 1614 .. Chicago ft Ot West.. 13W 2 Chlcairo ft at West pf 20M .. Chicago Mil ft St P.. . 405J . . Oilcago Mil & St P Pf 82 8 Chicago Northwestern 76 .. Chi RT& Pac 0H 6 Chi U I ft Pac 6 Pf VS 1 Chi It I A Pac 7 pf 81 B Chi St P Minn ft O... 70 1 Chi St P Minn ft O pf 0OV4 1.80 Chlno Copper 26! .. Clev Cin Chi ft St L.. 60 8 Cluett Peabody 72 4 Coca-Cola H .. Colorado ft Southern.. 33 V5 IS Columb Oas ft Etec.. 1RJ, 1 Col Oraphophone 21 7 Consolidated Cigar . . 73H 7 Consolidated Gas MJi 2 Con Interstate Cal M. 14 1 Continental Can .... 1 Continental Candy... 4 Corn Products Ref. . 2.80 Cosden ft Co 8 Crucible Steel .. Cuban Cane Sugar.. 1 Cuhnn Amer Surar. . . . Debeers Con Mln Ltd 25 10 Del Lack ft Western.. 211 .. Denver ft Rio Grande. 2'J .. Denver & Rio G nf... 4 8 Detroit United Rwy. . 92H 1 Dome Mines S Durham Hosiery .. Duluth So S ft Atl... 5 Kndlcott-Johnson . . . .. Krle . . Krle 1st pf . Krle Id nf 10 Fisher Body 5 Klsk Rubber ., Freeport Texas , .. Gaston Wms ft Wig. 2 Gen Am Tank Car.. n General Electric I General Motors .... fl General Motors pf . . . (I Gen Motors deb S'i. 7 Gen Motor3 deb 7. 6 Goodrich B F 1 Great Northern pf . . . 60 Green Canar.ea Cop. 4 Gt Nor Oie ctfi .. Gusntanamo Sugar.. . . Gulf Mobile ft Nor. . . Gulf Mobile ft Nor pf 32 7 Hnrtman Corp 75 4 Haskell ft Barker Car 0 .. Hendee ctfs 24 V . . Houston Oils Co 100 1 Hupp Motor Car 14 7 Illinois Central 81 60 Indlahoma Ref 1i 4 Inspiration Con Cop.. 45H .. Inter Con Corp . Inter Con Corp pf.... &Y 1 Intl Harvester new. ..113'4 7 Intl Harvester pf 107 .. Int Mer Marine 20'i 0 Int Mer Marino pf.... 72 .. Internat Motortruck.. 3BJ4 7 Int Mo Truck 2d pf . " .. International Nickel., 17 Ji .. International Paper... 3'2 .. Invlndblo Oil Corp... ."4 7 Iowa Central ! .. Island Oil ' .. Kansas City Southern 24 yi 4 Kansas Cltv So pf...4R . . Keokuk ft Des Moines 8 4 Kelly-Spg T 4 Kclly-Spg T rts i . 73H . 10 . 8.1 VS . 36 .1.15 . 37 40 ..I0? .. 37',S .."7', ,. " ,. 20U ,. 2'4 ,. 2134 ,.106 .. 211, . -iY2 R . f .14 1 To . 18H . 7H . 67 . 78H . 4BJS . fil'S . 28 . 23 M . 17 . 15 38 1H IVi 7 W 80J4 87 Vz 1V 7tfe 8 87 Ji 133 23 V 10J4 Bft 7ltt tan 101 18 68 00 36 105 86 7H 12814 7H 00 H 71H 82 1 V4 3H s8 10H S3 1R54 141 108H 45U 821 130 '4 4fc 60 K 11 fl 61 7i4 14 CI 26 H1H 43Vi 68 39 V 75 66H 16H 14 Vi 16K ViVi 29 Y 39 K 60 V4 75 Vi J0H 0'a 80 14 70 90V1 2614, 60 08 Vi 32 3.1 5RV5 20 H 73 Vi (2 9Vi 73 Vi 10V4 F2M ?6'i 130 Vi ?5V5 39Ji 25 241 in 3? iiK 10M 37VS K 61K 1J4 27? ?1V5 106 20 Vi 22 7?i CR 14 in J6W 74 VJ 67 78 48V, ROVi 27 Vi .13 Vi 17 1324 31 75 10 24 V 105 13H v 7Vi 45H 4K 14 V, 113 J4 107 19V4 Vi H Vi H H 71', .. Kelsey Wheel O" I Kennecott Copper 23'i 1.20 Keystone. T ft R 13 .. Kresge K S Co pf.... 9.1 Vi 6 Lackawanna Steel.... 62 Va . . I.aclede Gas of St L.. 40 .. Lake Erie ft West 23 .. Lake Erlo & Woat pf .IS j Lee Rubber Tire 19 Vi 3.S0 Lohlgh Valley He .IHVi CO 17"2 73 34 Vj li 24 Vi 4S H li 'A 50 2.1 1.1 93 V C2Vi 40 ?8 19 Ji 50 S8 lVi- Hi 7Vi- 99H S7V4 73VS 1 71W S3H-87fi-182. 33 V 59V4-3V4 71H 1 VS 4 lot - M 18 - Vi 69 - V 90 V4 SOU .. 106 3 88 - H 7H- y 130 - y I27V- 90H 71V4- 1W 62 62 - V SJ4 Ji 66 Hi ion- 92 - lVi 18V4- IVi 141 169 1 462 2Vi 5 130H- Vi 4J4- V 70 H 3 6J4- Vi 11H- Vi R 512 7V4 .. 14J4- 61 - 1 26 - V 12lJi 1J 44 - H 69 IVj 39Vi Vi 75 - iy2 C6H- 16H 14 v.- y 16Ji Ji 12Ji H 2094 1 40JJ lVs 62 J 75Ji 40M lVi 69V4 Vi 81 H 70 90 - Vi 26V4 - ? 601 69V5 Vt 32 33V4 58Ji 21 7.1 Vi -"JS V4 7.1 V -10V4 83Vj 30- I30li fU 35V4- lVi 38 J'b- M 25 - 2V4 241 1 Ui- 4 V, 92?4 H "? .. 37V 1V 7V4 Vi B1J4 20 V 27J4 - 21 106 t- 20Vi- 22Vi- 7J4-- R .1 141V. - 94 1CH- 194 74 Vi - Vi 07 - J, 78 - lVi 48V, - Ji 81 Vi 27 Vi- Vi 3.1 Vi ii 17-1 15 I 37 1V4 75-5 co Vi 24 Vi - 34 105?, 1394- 01 7ti 4594 494- i6v; 174 "3Vi- Vi 107 1 19VS- Vj 7IV4 H 38Vi . . 60 IV, n Sales M 100 , 100 100 100 100 100 100 100 100 100 290 100 13800 6209 lSOfl 1100 100 000 1600 600 100 300 300 1700 300 2-80 Net l,ow (NYtm) Chge. 9 Lotwn Co 21 .. Loft Corp. '. 1394 12 Lorlllard Tobacco 14134 7 Louisville ft Kftshvlll162Ja 10 Manatl Sugar. .9S t Martin-Parry -' . . Maxwell Motor .. Maxwell Motor ctfs... 394 .. Maxwell Motor 1st pt 10 .. Maxwell Motor 2d pt S .. Max Mot 1st pf ctfs.. 1K .. Max Mot 2d pf ctfs.. 5 IS Mexican Petroleum. . .187 Vi 1.60 Middle States Corp... 134 4 Mldvale Steel A Ord.. 38 .. Minn ft St Louis V4 7 Minn St P ft S St M. . 76 . . Mo Kansas ft Texas., !4 .. Missouri Pactflo 30V& .. Missouri Pad no pf... 8334 8 Montana Power 60 Vi .. Montgomery Ward... 3? 4 Mulllns Body 30 .. Nat Aniline ft Chem.. 80 7 Nat An ft Chem of. . . 80 SOO 3.80 National Acme 32 Vi Vi Vi 34 IJi 'i?4 94 1-4 34 Vi 34 Ti Ui 34 v Ji I n 200 400 100 100 300 100 8500 800 100 209 6500 600 2100 1000 4000 400 2600 700 400 100 1800 200 600 600 15000 1000 1100 200 4000 1400 5800 300 2890 4000 1300 2100 310 100 100 7000 400 100 1590 1500 R10 100 5)0 10310 100 100 6100 1000 3000 8090 2600 800 R00 200 1100 1100 290 100 700 9500 100 18200 100 120)0 710 5f 200 990 16000 8)0 208 too 20500 3200 2400 50 700 990 200 2213 291 700 2890 2100 400 3)0 100 GOO 2100 1590 4700 100 4700 R01 100 5100 100 1 Nevada, Con Copper.. H34 .. National Con ft Cable i 6 Nat Enam ft Stamp.. 87 .. Nat It Rof Mex 2d pf H .. NO Texas ft Mexico.. 89Vi 10 New York Air Brako. 93 8 New Tork Central .... 7894 .. New York C ft St L.. 83 . . N Y Chi ft St L 2d pf 05 3.50 New York Dock 23Vi .. New York N H ft H.. 3694 1 New York Ont ft W. . 2 7 Norfolk ft Western,.. 98Vi 8 North American 55 7 Northern Paclflo 84 Vi 8 Nova Scotia S ft C.'UJi 40 Okla Prod ft Ref...-. 4Vi .. Ontario Silver Mln... 5Vi .. Orpheum Circuit 27J1 8 Otis Elevator 14 .. Otis Steel sl 3 Owens Bottling Mach. 40 4 Pacific Devel Corp... 30V5 5 Pacific Gas ft Elcc. . . 48 0 Pan-Amcr Petrol RJVi 0 Pan-Amer B 81 8 Pennsylvania R R.... 'V5 .. Penn Seaboard Steel.. 17Vi .. Peoples Gns Chicago.. 38Vi .. Peoria ft Eastern '18 .. Pere Marquette 2994 . . Pero Marquette pf . . .. 83Vi 3 Philadelphia Co 40V4 .. Plerce-Arrow Motor... 34 J4 ., Pierce Oil 13V4 8 Pitts Coal ? 6 Pitts Coal pf 854 8 Pierce Oil pf 80J4 7 Pittsburgh Steel pf . . . 90 . . Pittsburgh ft W Va. . . 3894 8 Pressed Steel Car.... 9 Vi 4 Pub Serv Corp of N J 6334 8 Pullman H"J 5 Punta Alegre Sugar. .. 71 4 Pure Oil Co 3894 8 Railway Steel Spring. 9.1 Vi 1 Rny Con Copper 14 Vi 4 Readlnc 95 2 Reading 1st pf 40 .. Replo Steel ?8 0 Republic Iron ft Steel 74 Vi .. Republic Motortruck.. 35 8.20 Royal Dutch N Y.... 86 .. St Louis San Fran.... 3294 .. St Louis Southwest... 38(4 .. St LouIb Southwest pf 4234 6 Savage Arms . Saxon Motor 94 Seaboard Air Line.... im Seaboard Air Line pf. 19 Vi 8 Sears-Roebuck . . . . . Shattuck Arizona. 125 V 8Ji 5.1 3l' 63 Vi 9834 J3K V, 4 "oVi'iij OV4 Vi z'i 48 8 64 34 . 50 2.1 -13 03Vi 62Vi- 402 23 - 1 3H 19V4- 34 80 l?4 1 .74 Shell Transport, .. Sinclair Oil.... 6 SloBS-Sheff . . . . a Southern Pacific 10 South Porto Rico sug.K .. Southern Rail 32V4 5 Southern Rail pf 6sVi 20 Stnndard Oil of N J.. 632 7 Stnnd Oil of N J pf..l05 4 StrombcrK Carb 6534 7 Studebaker 86H 2 Superior Oil .Corp.... 18V4 6 Superior Steel 80 .. Tenn Cop ft Chem.... 834 3 Texas Co 8 .. Texas ft Pacific 39 9s .. Third Avenue BVi 8 Tidewater Oil 210Vi .. Times Square Supply. 20 6 Tobacco Products 663 .. Tol St L West ctfs.. 10Vi .. Transcontinental Oil.. 1234 B Transue ft Wms Steel 43 2.80 Twin City P T 37 .. Union Oil "Jf 10 Union Pacific 174 Vi 4 Union Pacific pf 6Vi 4 United Alloy Steel 38V4 0 United Cigar Stores.. 145 12 United Fruit ? .. United Rwy Invest... 13Vi .. Unl Rwy Invest pf... 28Ji 8 United Retail Stores.. 70V4 ..US Express 7Vi 0 U S Food Products... 61 Ji 8 U S Ind Alcohol 81 Vi ..US Realty & Imp.. . 48 Jj BUS Rubber 76U U S Smelt ft Kef.... st Ji 100 3.S0 U S Smelt & Ref pf . . 43'i 25100 r. U S Steel ' 500 7 U S Steel pf ""VS 1200 a Utah Copper cl 2310 .. Utah Sec 134 .13)0 0 Vanadium Corp 66'i 3400 2 Vivndou Ino 14 Vi 4100 .. Wabash. 1'Vi 2700 .. Wabash pf A 313 200 .. Wabash pf B 21JS 3400 .. Western Maryland.... 15Vi 890 .. West Maryland 2d pf 21Vi 1390 ., Western Pacific .1834 100 4 Western Paclflo pf... 73 200 7 Western Union Tel... S2Vi 590 4 Westlnghouse E ft MJ7 2490 .. Wheeling ft L E 1534 090 .. Wheeling ft. L E pf... 27H 2100 4 Whlto Motor 44 94 200 . . Wick Spenc Steel Corp 29 Vi 25000 i Willys-Overland 11V4 1100 7 Willys-Overland pf... 7 1100 & Wilson ft Co i'A 310 .. WlHconsln Central... 40 310 s Woolworth F W 100 '4 100 A IVorthlngton Pump... 5S Ei-dlWdend. t Ex-rlehts. 21 1394 14134 102 Ji 95 20 4 3H 10 8 1034 5 183 Vi 14 37V4 19V4 78 94 39 Vi 62 60 Vi 2694 28 78 89 32 1134 7 87 5V4 68 93 77 V4 53 05 23 Y 30 2394 9634 64 84 40 4 8V4 2794 124 2034 49 SO 4794 R7Vi 80 42Vi 17Vi 38 17 Ji 28 Ji 83 39V, rn 1234 70 R5V4 ROVi 00 37Vi 93Vi 6334 110 0934 38 V 0.1 Vi 14 Vi r.iv 46 78 73 Vi 34 Vi 85 12 37 43 21J4 434 lOVi 1834 125 V 8Ji 82 30 Vi 63 Vi 7 121 3 IV C.I 630 105 64 Vi 63 Ji 7V 60 934 4634 rfl 14 Vi 210V 10 Vj 86 19 1134 4.1 35 a 2634 123Vi 05 V 38 115 186Vi 13 27 60 7V 4834 80 Vi IRJi 76J4 64 Ji 43Vi hO 10094 oo v ton C5H 12Vi 1134 31 21V 16 21 Vi 3734 7,1 82 34 46Vi 15V 264 42 V. 29 Vi 10 12V4 40 3034 108V2 6H FEUD OIL HIGH 21 1894- V 14134- W 102J4 134 95 .. 20 4 3H- H lo .. 8 1034 H 8 Vi 183V4- 334 141 37V4- 34 19Vi 34c 7B 94- V 30V4 34 5234 34 60V4 1 2094- H 20 - 234 78 2 89 32 1134 7 87 8Vi 58 93 7734 62 65 23H 3694 24 07 85 84VS 1J4 4 SV4- 34 27J4 Vi 124 - Vi 2034- 1 4934 30 - Vi 48 - Vi 87Vi 2 803 42' Vi 17Vi- Ji 38 V 1 17Ji- Vi 2034 H 83Vi 94 30 V - H 33 - 1V4 1234- Vi 71 - Vi R5V4 V 80Vi- Ji 03 2834 Ji 93V4- 1 6334 234 110 - 34 6934- 34 38V4 83V4 14 Vi 93V4 40 78 74Vi 35 SPOT ON THE CURB Brisk Demand Sends Stock to 14 Remainder of Croup Sells Off 94 Ji Vi V "s 1 Ji "ji 8 34 lVi New Yorlt, Siept. 3a, A feature of the tradlnir on the JJroad Street Curb wns the strength In Fensland Oil, which moved up to 14 during, the forenoon on a brisk demand. Other oils sold off, Genernl Asphnlt falling from CO to 47, nnd Midwest Ilcflnlns from 150 to 14S. A feature of tho market wns the henviucss In Nlpisslni?, which dropped from 0V4 to 8. Ryan Consolidated wns without support nnd Bold to 18U. The Industrials generally wcro steady, but slightly lower, Aetna selling at 10 to 10V4, nnd Sweets Co. at 2 nutl 1. Indlnn Tncklng wns trnded in nt 4 to 4 Vs. Service and Stablltty INDUSTRIALS High . 2 , 10U . n ,19a,, .im . no . 24 3T4 Ac mo Coal Aetna Kxplostves Amer Candy Amer Ilrasi Car Llrht Empire Tube Firestone Tire Oontral A'phalt Hercules Paper Heyden Chem ,.. Indian Parkins Inter Product! , Max Chat "A" Max ChM "B" National City Dank rta. Norm Amer i-aper .... Perfection Tire Procter H Gamble .... Hoot Vandervort Singer MlK Sweet Oo U S HI1I1 Hpecd Tool.. u H i.icm a iteat I.ow 1:30 p. m. loU n .IJi ii lin 4H 2.1 '4 a in n ion,, a'i UVi no 171 234 a. 2 iii m! iu?i inl snU fsnii noi 20i MK 107V4 107W 0 l , . nsc hoc 115 115 2S 28 127 127 , J 1'4 30H 30'i 1 I'M, 10 OO 20 107Vi 0 n5c 115 2S '3,it U H Htrumshlp l'i 14 1H United Protlt Hharlnir .... ifr .1J .IJi tTnlteil Retail Candy ltVi llji 111 Wajno Coal 3V4 3Vi 3Vi INDEl'ENDKNT OILS 0 10 I lVi 94 Allied Oil Iloslon WyomlnB . , Dominion Oil Klk Dueln 1'et .... Knglneera Tetrol . Kameraldo Oil .... Kederal Oil Kcfuland Olllllnnd Oil pref Kay County Oa . Mnrland pref ... Midwest Ilcflnlnj . Ited Ilock Oil Ji ityan ions ..,, m-t Hoy di Krance OS Slmma Pet 12 Hkfllv Oil H ffpencer rei j;r Victoria oil (new) IS White Oil 23U ... s .... 1 .... Vi .... 2W .... 14 .... 04 n '. '. '. '. 5 ....ISO , 3 fit 1 4 14R 3 11T4 20 1 II HH m '4 14 91 IDLi 1H OH 34 J3U 13t 11 23 85 - 194 32 37 - 34 42 34 21 Ji- 2Vi 434- 1034 Vi 10V 34 125V- 2' 8Ji - Vi 62-1 0944- 1 3Vi 1 98M 194 121 H34 34 63 - V 6.10 3 105 65 -64 V - 17Va 034 .. 47Vi .. .-.8V2 ' 16V4-J- IVi 210 V 4 V lO'j - Yl 66JJ .. 19 Vi 1134- Vi 43 37 2Ji oOJi- Ji 124H 134 06V - Vi 38V4- 34 145 107 IVi 13 27V4- Vi 70 Vi 7Vi- Vi 40 3V4 81 - 3 48J4 7594- 34 64 Ji- IVi 43Vi- Vi 86 V - 34 10094 Vi 60 V 1 1094 94 cavi ls 1134 1 3lVi 21 V 16 21V4 . ?8H 73 8294- 46 y2 ji 1534 .. 234 94 42J4- IJi 20Vi IVi 10ii- 194 f2Vi- 4H 48Vi- 3Vi 3334 - V lORVi- H 881 MINING Alaska-Ilrtt Columbia.... II American Mlnra 1 niz Ledcn '.i flooth r I'rfled Mlnlne 10 lalumet & Jerome Conn Vlrelnla Cortez Sller .I ('reason Gold I Divide Extension -"' Kl Salvador 1 Kmma silver '1 Kureka Croesus 2.1 Eureka Holly IS (lold Cons ! Uolil Development '1 Oo'dfleld Florence l'l (lold Kewnnua 1 Hold Hllver rick 0 Cold Zone 37 Jtecla MlnlnK I A Jumbo Extension 10 Knox Divide 8 Louisiana Co 4 MRrNamarft iV Marsh Mlnlnc 1" Mother Lode PH Mother I)de (new) n' NIplHslnit 1'4 Ophlr Silver Prince con " Ray Verde 1 ' Rex Cons 0 Rochester Mines 8, 8 Silver Lead ,'i , Steward Mlnlne 14 Tonopah TJelmont HI. Tonopah Cash Boy 8 Tonopah Divide Tonopah Kxtenslon IA TnnAnrth..Tlm Tlutlnr 10 Tonopah Mlnlnc 1 A 10 4 61 1 2.1 1A n n H 3.1 4U 10 15 ' 11 Annual Statement "" to the close of business, September 25th, 1920 ASSETS j CURRENT ASSETS : Jo Cash , 1720,689.43 U. S. Liberty Bonds nnd Treasury Certificates , 611,178.85 Call Loans 8,249,520.10 Commercial Paper and Trade. Ac ceptances Purchased 2,432,516.45 Dues Paid on Building Association Shares ; ,.. 13,089.25 Timo Loans Secured by Liberty Bonds 88,600.00 TOTAL CURRENT ASSETS 17,115,694.08 OTHER ASSETS: Other Timo Loans $140,547.46 Mortgages 892,796.64 Investment Security , 2,346,242.43 Offlco Building, Vaults and Furniture 106,869.97 Other Real Estate 3,885.82 8,489,782,22 TOTAL ASSETS 4 $10,605,876.30 LIABILITIES CURRENT LIABILITIES: Demand Deposits $4,870,127.09 Incomo and Other Items Collected Duo Clients . . 15,960.16 Dividend Payable April 1st, 1920 10.00 Dividend Payable October 1st, 1920.. 60,000.00 TOTAL CURRENT LIABILITIES $4,936,088.15 OTHER LIABILITIES: Time Deposits (subject to 30 days' notice), 4... 3,399,062.20 DUE DEPOSITORS AND CLIENTS $8,385,160.35 Capital 500,000,00 Surplus and Undivided Profits ., 1,770,225.95 TOTAL LIABILITIES $10,605,376.30 Integrity Trust Company Fourth and Green Streets Capital Surplus and Profits. .,. ., 9 m 1 $500,000 1,700,000 Tonopah Mlzpsh 10 Tonopan Montana . Tonopah Jtescue Hula 20 Unltey Gold 0'4 United Eastern 3 West End C lli White Cap S Wllbert 4 Yerrlnston 3 r,. f-'d K A 1A H 7-i 14 tI H II) 14 M li 10 12 SO $t 1A 8 4 3 1 23 '. o'4 19 A 1H no i 2R 1 I 2.1 IS u ii 10 F 37 4V4 10 8 5R 5H "5 Ui 11 T '1 14 Hi 8 111 14 10 1A in 12 20 04 H Vi R t 3 Chicago, Milwaukee & St. Paul WINDS Allied Packrs Os . . Amer Tel 0s, 1022.. Armour 7s Delh Steel 7s, 1035.. Ooodrlch Tire 7a Inter Rap Tran 7.. . Seaboard ' Sinclair 74 h Union Tank 7a rtnrltn 4. Norway 8s. 1MO ,. . . . IPS . or. . 044 . 71 . r.n . in"; 07 1001 no 4 04 'i tl.'i 1 r.9i 0.1 H.I .! 04 044 (vZ 704 r,sI 1111 ViiTP ?: 1 I -4 HI. 07'4 07 is n'-j 1004 100 Vi MONEY-LENDING RATES PHIl.AnKI.rHlA Call, 6 per cent; time, 0 l?r cent: commercial paper, three to six months, 6 per rent. (Note These are merely nomlnnl quotations, as the lens! rato of Interest In the state of Pennsylvania Is fixed at 6 por cent. Plus premium and commls slon. timo money for thirty to ninety days Is loaned at 8 to 8i,A per cent, while commercial paper, from threo to six months. Is being offered at 8 to 8 H por cent). T.ONnON Money Is quoted at Bi per cent. Discount rates, short hills, 6 "4 6 per cent: threo months' bills, 0 per cent N. Y, Exchange Increases Dues New York, Sept. 30 Members of the New York Stock Kxchunea havo ap proved an nmendtnent to the constitu tion Increasing dues from $300 to ttOOO a year, It was announced today. A Leader in the Electrificiation of Railroads A lJONG tho important trans " portation systems of tho country, Chicago, Milwaukee & St. Paul is noteworthy as one of the pioneers and the present leader in the installation of elec tric power in substitution for steam locomotion. In fact, the electrification of a portion of St. Paul is the most advanced feature of present day vailroad operation, and commis sions from foreign governments arc studying and investigating its success. This railroad now has 650 mlle3 electrically operated in the mountainous regions it tra verses, thereby effecting a great saving in per-ton mileage costs. The current number of our Market Review contains an analysis of Chicago, Milwaukee & St. Paul with. special refer ence to its past and present financial condition and its fu ture earning and development possibilities under the increased rates granted by the Interstate Commerce Commission. Among other stocks discussed in this week's issue are United Verde Extension biternatioiutl Petroleum New York, Chicago & St. Louis Railroad Tobacco Products Export Union Oil Producers & Refiners Greene-Cananea Sent on rtqvttt tor L-HS Hughes & Dier I Fhll. Ntotk Exchange j ririinnran ntek ramani 1 rhleacn neard sf Trade 1 N. Y, Produce Rxehance Members 1435 Walnut Street Philadelphia Telephones ritUburch. ClereUm Sprne A43 New York Kate 1103 eland Commodity Markets I'lttabarih. Clnn. Ktapir iia Chi. Ii Nt. Iiil. H 11)10 lias A Furl lompanr ' IUiH llal, r.n i .' Illich 'JO Am Strs . ."O'v !).-. Am (ins.. 'M illi' lOt Hold I.o nnf ... US ! l.'iSnli-rStnr VJ-Pi VS2 1 on Net ! m eh. ,-oii-f :uw, Vi f)S .. IK 2 8 Vi 11h4- Vh 01U.--1 r.0',4- '4 1 - s RSVii I way Si Power Co.. .ft'a 1004 Kaosaa CUr (la Company fi'a inji Mrantan iraeuon lomuany iti... luffilo, JmV Krle Traction Co.. A'a ud., lot (leonla KiDiia EM,n bus JC Kaateru Traction, .(!' fin lfr. 1alimiurl lut. I'm II1HII hnplra UeflBlnt; C'otipanj . 1027 HlladrJphla On. ronaoildated ,. R' 10(11 i'iilUidrtnlil lClertrle Coinoinr. .. X7r I'fd. HAMnEL K. Vllir.MI'H A fOMI'ANY Metibera rhlladflphla Htock KirUanio 607 CHKHTNUT HTHKKT ,1 CAKDttI.&(?0MPANY FVaaldin Bak Bid . r.-jv; .i UOr''s J." 1 IV. 'jr. :ki SO-l'i 12 ,')0 Ml :i 1 . . 2(f- jr. if,., ir.u.. 1 " . . IV... 'J.1 . . : m 80--i 4 frfl Oen Asnh -18 18 MO Ki-y Tolo. S S WK) I.aU Sup ll's H IT.'. I.eh Nnv. (II V-. !1 2r. i.oh vai.. r.oif, nnif, 1117 Pii It Jt . -12i I2' .'!( I'hila Ins Wire . . .r.2Vi 10 Tliilii Co ciim jif. HI R.-..1 I'liIlnHlw 20T 2 J.', rln rrt f i 2.-', rJOI'liiluHT ir.i. lr.'Touo Mln 1 8T. do enhli . 1 Vi VM Va Trm 2.'. lllH'O I... 35 Vi 7 do rash. 3(1 250tXI H Htcel Wl lOOtWaliush.. 12 r.7tW Crump &. son., r.n im.i rhann made by comrwrlson with last ala un New York mock j:ichane. Ki rtlv dend today IT. O. I It Hal.a In "!'MW. ' 3n N" lldOil High Iiw p. m. chge. 1 Klec & Peo Tr U ... 40 40 40 a Lib HnniU . . . 'il 4V.s. . R7.21 R7 21 fi7.2l.02 It il IJVis .. 88 00 88.48 88.(10-. 20 0 4.3 4th 4V'H, 87 2d 87.14 87 14 .HO Vi Vlo N 4iJ4. 05.W) 03.80 03.80. 18 a, u win rrq a .at-r.r ftffaMmK.iL. jb n- -a- pntt 'tLwKSSlt lijZi fu: r. jiU3ii. GRAIN MARKET Chicago. Sept. 30. "Wheat opened firm this morning. Commission hoiiKos (.old on biilRi-s. raiiHlns teressinns Trade wan small. Sentiment ri'inoined divided nnd underlying conditions were unsettled. A private cabin said hut K.ippliex of wheat in the I nited King dom appeared to be qultf large and that of Munchurian grades continued good. ItecelptH were 41 earn, December opened nt ?2 2r, to $2,251$. but nagged to yoaterdny s final quntn tion of $2.24"',. May opened unchanged nt $2.20. and after touching if J. JO?.,, declined to ?2. 10',. Porn was Irregular with an active and mixed trade. I-ocal aborts were tho best buri-rs early, while commission t ...ui. eastern connections sold. Interest wan centered in closing out of Sentember coutracts. Iteccipts were 3S8 enrs. . . . Sentember opened nt M .Hi to 51. " ifecember started at 07-p to ORc. against 07c atthe cl.se yesterday. nVirl declined to 00'), c May opened nt $1 OOV; to SI. against SI at the end yesterday and declined t Ofie. ? Oats sagged after a fairly steady start A house with seaboard nnd north western connections was the best seller of December and May. ItecelptH were 70 cars. , , , September opened unchanged nt ft.ic and declined Vic December opened nt r8ac to r.SVjc, and later sold at a net decline of at fiSVic. May started nt 62c to 02 Vi' nnd lHter sold at a net loss of c, at 02c. COTTON MARKET New York, 8pt. 30.- A buying movement developed at the opening of the cotwn market this morning and nd Ttneed flrtt prices 5 to 4fj point. Part U,tiiwainis attributed to XJt ttig'j.A MttbA M'MJtr i ,4iJ. ,v, rf , tKf'l jiool nccount on firm cables and better udvices from Manchester. T.ocai covering also was active in view of reports of rain in eastern sec tions nf the belt and predictions of cold weather for western sections. After the cnll December rose to 23.05, but later reacted 20 points under profit taking by early bujers. rrlnt4rt t'U Open October . rji'femh-r Janu.iry. . Man h . . M.iy July 21 I0 - 7." i-i in -1 S3 a i as jo :, J4 7S si m a ao ji nn il ns Jl 20 N V u no a m H 41. Si 00 ii US Jl US Jl All Time I 00 P in H Ml " "iS iiii iii 21 211 21 40 FOREIGN EXCHANGE ew York, hept. .in KorelKn LIVESTOCK QUOTATIONS (hlciiL-o. Sept 30, CATTI.i:. Hecelpts, 10 OHO hfad. Market openlnc ery dull; few early sulea choice ateera alow at 117018: other grades weaker, koshar cowa, 8.70ia 10 no, manners !4tM SO, about steady, me. dlum (owe. lHf(8 2fi, bolosna bulla, lilfp il"5, veal calves mostly $1717.u0, lower; feedera very diaggy Hecelpts, western. 3000 head, market weak IIOOH. Iterelptn. 21,000 head. I'neven Mostly 40 OtIOc lower than eterday'a aver Ke Top. S1H hulk light and butrhera. 113 2SW1B 00. hulk packlni: auwa, J 14 11 30; plus, (10B7.1C lower. SHEEP. Huelpta. 37,000 hoad. Ex tremely slow I.amba, 20ft50o lower; strblly cholca westerns offered at 113 7.1, choice, natlvea, tl'J 70 to city butchers; bulk natives, til. HOW 12. 2.1; sheep weak lo 2.'c; fat native ewes lamely t.ltff ft ISO, feeding ewc lower, beat feeding lambs around 113. I'lttthunh, Sepi. 30 IIOOH Receipts. 2.1O0 head Lower Heavies (10 7ft. heavv change opened weak this morning with i sftrj"."- ".JPi J!?ht J"fkers. J15.75 I i;reeiuttn ... .,, ,,...v. . .. ..,ia .. ...... H sharp decline for pesetas of 13 points Sterling" wns off '4. francs, 1 jwlnt anrl murks shosied n reressslon nf 5 points ("hrlstlunlu was up 15 points Quotations were Demand hterllng 3 4 C , . cables 3 47'i; franc cables 0 06. checks fids, lire cables 4 16, checks 4 16', 4". marks 159; Swiss cables 10 I G, checlts Hill, .... ...L.I n, Al..ni.n f nn . ....n ueiHlitll inuicn I uii ujirviin I ve , fL-eti,ta ,.,, Klej 14 07. checks 14.05. Stockholm I cables 10.95, checks 19.90; Chrlbtlania cables 14 30. checks 14 25; Copenhagen cables 14 10. checks 14.00; KUllder cables 31 3-16. checks 31H Sterling nnd francs eased fractionally during 'bo fit nt hour of hufl'neiiB. The varlanco between sterling cables anil demand reprted back to normal c Demand pterllnsr was 3 40W. cables 3 47 , frano cahles 6 64. checks U6313; lire cables 4 10, checks 4 15'3 ; marka 1 68. TKSTEIIDAT'H FINAL QUOTATION- Demand Cables Hterllnar Francs n nn ,CS terlln 3 AH a is; Mrs Guilders 4 12 31 00 4 14 31 IB QUOTATIONS Lire nulldera PHEEP AND I.AjrBH Rerelpta. 000 head. Steady Top sheep, 18. top lambs. 114. CAI.VKB Jletelpti, 200 head. Higher. Top. fiu.no. Kiiat bL Ixiula, III., Kept 30 CATTLE Recntpls, 3000 htad Steers "Be lower. Top steer 112 2.1 bulk IS Bllii 10. venrllna stitra and heifers easier, canner cowa steady at 13 'titt I 2.1 bulls stemh r.ilvea BOc I nlA - nr.sr tm tA rrnli k A , I a 1 11 tfl rf 1 T I iun l i (S I I - klliiivc uni'l B, f IV tlult 4 I I feeder steers easier IIOOH RerelDts. 10 000 head Klftv In 7Bo lowir Top 110 bulk Hunt and medium walKhta. 115 BOtflB 63, bulk healea. 115.23 1.1 no SHEEP necelpta, 1B00 head. Steadv to lower Top lambs. tl'J SO; bulk, til. BO 12.00, top ewes. SS B0, bulk, 11 7B8 23. Kaat llunalo, N. V.. Hept 80 CATiy.K Receipts 02,1 head. Dull Calves, receipts, 22.1 head Steady, III WJ0 BO, IIOOH Receipts. 4000 head Fifty to 7.V lower. Hea, I1A7B&17. mixed. 110 SOW 10.7B; ynrkers. 110. BO, Until ynrkers, lift 40 fill; purs. tlB 2.1O15.40, roughs. I13U 18.00; ataiis. tSOll. SHEEP AND I.AMD8 necelpta. 1000 head, Steady. Unchanced, RAILROAD BONDS Yielding 68 to 11 Improvement of Incomo account possible, through exchango of securities. Special reports and recommen dations sent upon request, Fairman & Company Drcxcl Bid?., I'hila. Established 100! 3ti iiniti""" iTi 1 1 sin iiiimrj; TODAY'S OPENINO Hterllna- Franes Demand 40 0 0,1 4 MW 31 I Cables 8 47tf 0.00 4 10 31 18 NOON QUOTATIONS Bterllnr Franca Ure Uulldera a.iu'.l o.ni-r .! 3.41 BANK CLEARINGS Hank clearings to iasi yaiuano . ,,, w L'abUa 'Wtu 6.01- e.Bix i.n (f respondlnz dav Phlla Ho N. today compared with cor t two years. (tin lniti mis S0. 004, 983 flt,M.1,7ft t70,7O0,840 nf,U4l,l-in ii.4iu,nif na.ipn.auii IIOSlAn ,. ns,uf,l-n M,iiu,il an, nin.oui. T,..(U.T,3a.'4(ii i,iio,uuo,siii ou.inn.ioj ,(fO injn.ifr ,ffll?.86j;82( T aivno nltImoee iq.o,l ,ardi104.safl.i .t, Phila. Elec. Pref. & Notes Lehigh Val. 4!2s, 2003 Kingdom of Norway 8s, 1940 Georgia Ry. & Pr. 5s, 1954 Mahon'g & Shenango 5s 6s, 1 920 M-CQWit&eo. locust Bll iand TitU Blde.Uac 2Vew York Tel. Connection. Canal 1812 We suggest the purcliase of Philadelphia Electric Company 8 Cumulative Preferred Stock This stock is frco from the present Pennsylvania State Tax of four mills, nnd the dividends are exempt from tho present normal Federal Income Tax. Preferred Dividend Reported Earned over 6' times. Price, Par $25 and Accrued Dividend Full information on request, HARRISON & CO. BANKERS 106 SOUTH FOURTH STREET PHILADELPHIA Members of New York and Philadelphia Stock Exchanges Hecker & Co. Bankers and Brokers Members ot Philadelphia and New Tork Stock Bichanise N. K. COB. ATI! AND CHESTNUT SIS. Anglo-South American 0INrL.irvilTtD New York Atrner. 40 llrondwar 23 Branches in South America One Branch iti Mexico 8 Offices in Europe . Direct Connections With IndlS& i hi i Missouri, Kansas & Texas Ry. Prospective Earnings under the Transportation Act. Outlook for its Securities in Reorganization. Circular on Request. LADD & WOOD Members New York Stock Exchange 7 Wall Street, N. Y. Telephone 980 Rector FIDELITY TRUST COMPANY I 3.05 Interest on SAVINGS FUND ACCOUNTS Offices t 32S CHESTNUT ST. 1431 CHESTNUT ST. 6324 WOODLAND AVE. Cp(Ul $8,200,000 grplii f lW0 51
Significant historical Pennsylvania newspapers