wwn IV VJ l.il "A3 . . ,n VJ )"' '. 1 II i , ('- ft A-, s ,r' "&2 EVENING PUBLIC LEDGERPHILADELPHIA,. THURSDAY, SEPTEMBER. 30, 1020 Wf- Mr & Kl KK l. - E Rt IV fc Fi- k. .Sfif i NEW ISSUE $1,000,000 !i Scranton Electric Company 10-Year 8 Secured Gold Bonds ' To be authorized and presently issued $1,000,000 To be Dated October 1, 1920 Duo January 1, 1931 Intereat payable April ll and October 111. Principal and interest payable in New York City in United State Gold Coin. Coupon bond of $1,000 and $500 denomination regiiterable at to prin cipal only. Callable at tho Company' option a a whole or in part by lot at any time prior to maturity on tixty day' notice at 105 and accrued intereit during the first year and at a reduction of ViTc from thi price for each aucceeding year. BANKERS Tax Provisions: Free of Pennsylvania Four Mill Taj;. The Company will agree to pay interest without deduction for normal Federal Income Tax up to 2. From a letter fron Mr. R. E. Breed, President of the Company, we summarize as follows : BUSINESS: Scranton Electric Company, organized in 1907, is a Corporation of the State of Pennsylvania. It supplies under unlimited franchises tho entire commercial and municipal electric lighting, power and steam heating serv ice in tho City of Scranton, Pa., and also the entire electric lighting and power business in twenty-eight nearby cities, towns and townships. The population of the district served is estimated at nbout 330,000. In addition to a large and increasing business in the supply of electric cur rent for municipal lighting and power for com mercial purposes, the Scranton Electric Company has a contract with the Scranton Railways Com pany, under which the Railwnys Company pur chases from the Electric Company all the current necessary for the operation of its system of over 100 miles of electric railwny lines in Scran ton and tho Lackawanna Valley. EQUITY: These Bonds are followed by 52,069,100 Preferred Stock and $2,500,000 Common Stock. Bonds are offered for delivery when, as and if issued and received by us; also subject to the authori zation of the stockholders of so much of the issuo as represents an tncrease of indebtedness, and to the approval of all legal matters by our counsel. We recommend these Bonds for Investment PRICE 99 tf AND ACCRUED INTEREST, YIELDING OVER 8 Edward B.Smith &Co 1411 Chettnut Street PHILADELPHIA Member of Branch Office at New .,r5."!- -& of jiJflW .0 C eJfc &i Cotc-1 -a TiT0 J-i- CWCACO RVr'JPXO.OOO -mm 5200JOO jwnw5?SJ22 a uu" -. eou Kno. B0" nt"rt is?'sil BlNnr.. WfTn, . . w' ;., uKUf&Ttpn, " '. 3Tn ' - -vitr. -rmn.000 tod-SJ&S&ZZ ton "rui-lTAfJ 'VSTAMn RSON COMPA Sx?L nD"om am.. -'j wi jl.SW.OW -SST-ffiffJ? Mcow jrU" tuxW Tennessee Power Co. Fint Mortgage 5. 1962 PorUand Rwy., Lt. & Pow. Co. lt & Ref 5 Due 1942 nNKKns '"" 321 Cheitnut St., PhiladelphU iStmWri Aeu York nnd rhllndtlmhla Stach Exchnngn V, tin i ... i .i i i i 1 f, : ; -i . L ' ' m-. f Uwrence E. Brown & Co. T) l5MGl mjui CERTIFIED PUBLIC ACCOUNTANTS Uj WA 1 , H,KKAk ESTATE 'ST 111.1)0. M E-aU; I fM"t n uJuai iktrli and MmmUmW vajfcaiM&fe TRUST COMPANY, NEW YORK, TRUSTEE SECURITY: These $1,000,000 Bonds are to be issued under a mortgage which has a lien on the properties of the Scranton Electric Company now owned or hereafter acquired, subject only to the First and Refunding (now First Mort gage) Bonds. MANAGEMENT: Scranton Electric Com pany is operated by the American Gai and Elec tric Company. The latter company owns all of the Common Stock, except directors' snares of the former. NET EARNINGS: Net earnings for tho twelve months ended July 31, 1920, were over two and one-half times the annual interest charges on the total funded debt which will be outstanding as of October 1, 1020, including this new issue, and more than eight times the inter est charges on this issue after deducting tho interest on the first mortgage bonds. Established 1892 BANKERS -New York and Philadelphia Stock Exchange London, Conn.; Allentown, Eaiton and The aboTo Information and statistics, while not jruaranteed, are bnrd npon Information and adrlre vrhlrh we believe accurate and reliable. .tf1 Prra. . rr ,9lTt- It AAA A. rahRsm . - -re a aitcs -An -"-- 8X3 THE UTILITIES m Bulwark Public Service Corporations supply indis pensable services. Upon them devolves in no small measure our industrial progress. Factory wheels must be turned, mines op erated, homes lighted, workers must be car ried to and from their places of employment. Gas, telegraph and telephone services are no longer conveniences they are necessities of every day living. Halscy, Stuart & Co.'s recent contribution to this all-important industry is represented by the bond and note issues of public utility properties illustrated herewith. These offer ings comprise a partial list of public utility issues, sponsored and distributed in the pres ent year by our organization, alone or jointly with associates. Cireulars dcicrtpttvc of any of these or other public utility offerings villi he furnished upon request, HALSEY, STUART & CO. Incorporated Successors to N, H Halsty (J Co., Chicago LAND TITLE BLDC, PHILADELPHIA Telephone t j,ocu$t 4820 CHICAGO NEW YORK BOSTON DETROIT ST LOUIS MINNEAPOLIS MILWAUKEE Louisiana & Arkansas Ry 1st MTGE. 5 BONDS Dated 1902, duo 1927 Direct First Mortjijo Security Low Rite Per Mile Strong Sinking Fund Favorable Earnings Past and Present To Yield Over 10 Price and particulars on requtst. Martin & Go. .411 Walnut St. PhllaiMphli 165 Broadway NEW YORK Potttville, f'enna tl.Tvi. -tc c.irwoo i; ..; -" S'&VTn OrSLKi K2S? 5w55tSs? o25fS. ryptf "t"e5SV" -i V .OA' &'ZIo o .iL . !S&ZZ of Business American Pr. & Lt. Gs, 2016 Tri-City Ry. & Lt. 5s, 1930 West Penn Pr. 7s, 1946 West Penn Pr. 5s, 1946 Phila. Elec. &r'f Preferred B0ENNING, GARRISON & CO. MOCK KXCIIWOK nt II.IJ1MI Direct Prlrate Telephone to New otk Member- 1'hlln, mock Hiclunce (olu.nlilil tirjphoplivne KliiKdom of Norunr Lonlavllle (,! A l.le Twin Stntea (.aa & Itler Waohlnaton H u(er I'ourr ane Coal R'a 1021 H h 111 to MS If)1 i h in.' i ft'a KITt ('n 10J7 Inlernallonal Text Hook romnion Hteel nd Tube, Prrf. Morton Lachenbruch & Co. um titi.k ni.no.. niii,A. Tel, Spruce SSI Race 3030 S Tork Ohlraa-o. Detroit I'lltahuriti OtTeet rreomtcelrd 01 private tcir. GOSSIP OF L he street ing Institution Tferdnv. Thn revision in commodity prices will have a helpful inuuence toward quickening the proceos of credlti, hey stated, but it will be also some, llttlo time before any beneficial ie suits In this connection will be felt. Money I ntlll tight and. In all probabil ity, Is going to stay tight the balance of the current year. Persons enter taining a contrary notion, according to the testimony of banking officials, are qultn llUflv to find themselves unhappy .1. i ',,ne m,)rp striking features otlwav Hteel Spring $0,700,000, me Miuminn at me moment is mc con tinued urgent Inquiry for funds on tho part of tho larger corporations. On tho other hand, the middle class, or medium borrowing element, appears to be well financed for the requirements of the fall ami winter trade. The continued nctlvo Inmilrr h ,7,7 r ...,., inn! I rnrna Is x.,..n1ln n.lt,...J ..- th. I """" ." ,s-.wiiij nuiiuuicu lu uiv tavii uiat tney are (.till carrying largo inven torles Bt lilch nrlooa. A ?rint mnnv of tho larger manufacturing concerns aro apparently experiencing considerable difficulty in working off these goods. Tho whole situation, howvecr, hns liccu com- Elctely trnniformcd from n sellers' to a uyers' market. A story was told yesterday in the banking district of the unhappy situ ation of one of the lorire New York cof- fo houses. About a year ago the concern wns paying tremendous bonuses to the managers, and only last spring tore out the brick front of jhelr building and replaced It with white marble. Todav , the same house Is virtually begging for mercy at the hands of the banks. Tney tare cnrrylng it clew of coffee bought nt i the top prices, which they have lrtually been unable to market. Speaking of Inventories, one of tho Financial news bureaus csterday pub I lMircl nn unusually Interesting state ment concerning the position of the large equipment eompnnles, showing tho remarkable success of these concerns in reducing lnrge Inventories. It was figured the railroads, within the next three jears. would be in tho market for between (500,000 nnd 700, 000 cars. The strong ensh position of EMPIRE GAS & FUEL CO Secured, Convertible Sinking Fund E Notes, due 1924 Company' nrl earning; over M?en tint all Interest cbnrtra "Moody'sAnaIyses"Rale$The:eNotej"A' Price to Yield WA Particulars on request Martin & Go. l4.IWalnutSt. FbllndflDbU PENNA. TAX FREE SECURITIES PAUL & CO. lltmbrr l'hlla. Stork Kicbanr 1421 CHESTNUT STREET r.vNciAi. Todd Shipyards Corporation Notice of Adjourned Special Meeting of Stockholder to Authorize an Increaie in tho Number of Share and Amount of Stated Capital TO TUB RTOrKIlOT.OFns UK TODO BIIIFYAKDS COnrORATION rifisa tnkn notice thitt pumuant to a (djournmrnt duly tltn ' lb BcUI mi nr of tba aiockhnMer n( thl romoanr. tld at tba otnc ot th rompany. an th 10th tlay of September. 1920. uoh tpflclal mtlnit w" adjourned to and will be held upon tho 2d day of October. 1820. at 12 o'clock noon, at tha offlc. of tha company. No. IS Whitehall at.. borouKb ef Manhattan, city of New Tork. the o feet ot auch meeting belnc to vote upon and authorlie an Increaae In the number at aharea which tbla company may laiua. from one hundred and Mxteen thousand (111) 000) to two hundred and thirty-two 'houaand (32,000) aharea and ntan an In creaae In tho stilted capltnl of thla compinv from five hundred and eighty thouiand dol lara (ISSOOOO) to one million one hundred and aixty thouaand dollnra ($1,100, 000) also neb Increaaea to be effected by amendlnf the certificate ot Incorporation of thla com pany In tho manner provided by aectlont twenty-two and alxty-threo of the atocll (trpnratlon law of the atata of New Tork. Dalfrt New Tork. Beptemher 18. 1020. WILLIAM If TOED. Trealdeat. r-ATtf. n Tttt:;n'i'T, o,.,.. M Till! HOI.DEKS OK TI1K IIU.NTIMIDO.N 4 IIHUAU 10I MOUNTAIN KAII.KOAU x iiiuivii iiir MOUNTAIN HAii.iiiiAn i, i J I llli llirijl' at a aautl ai.lllliu.l COAL. COWl'ANJ .JfT MOllTGAOB KTI!DKI 4fr CIIUTUN IIONDS jenMf.. m nprpnv K vrn tiiKi in, ,nn lotlce la hereby given that the ahov laiue f honria will, uii October let. 1020 h tandeil for four anil one-half eara or i no .- or until April 1 102.1. The nrlnctnal of th.n hnni amount'nit to I41H 000 will tepald to the proleni noiaera on ncinrniurr 011, iutp, on rreeentatlon of tbf aame to tha Tenner). an!a Company for lnaurancea on Llea A Orantlnir Annultlea 817 Clieatnut St.. I'litlailelphla. after which date Intereat on told bund a at preaent axtenied will Intereat eoupona a'lould he detached anl rreented for r"ment on Sentenbr anth. 1050 at th-s office of thla Company. 1S0J North Amerlrai IliilMIni rhlladeiphle TiiK iicvTivnnov nnnn Tor iiorNTAi.N RAii.non f nr rnvi'ANT A J Srll TV T'eneilrer Annual lertjnza (111 If. Ill" Tllh JIIIIAI. ,1SII(1MI! IIIMI'ANV KOU ILItl(i ll()L81i ritoM loss iiv nitK. .Mil s ronrtli t. rnlliilelnliln, Ti. MI'.KTIMi OI" Till', Mr.MIIKIIS or Till! Mutual Aaeuranm r mrnv for Ineurlni Hnuai a from I.oea by Tire will lw hld at the iflVe N"o 2t0 " I ourth atret on Mondnr. Ottobrr 4th, 1030 at 12 oriock M wnen the annual election will take placa acre, iliiv to the !d of Settlement Sept. 27th, 1020 DM'ID T rwis Treaaurer. NoiiTiir.nv mtirir it mi ito i rn. Int ce la hereby clvn that the annual meettnc of the aiocUh rf ra of the Northern Pai ifle rtuilroRd t "iiiant will be hHd on Tliiirilu. October it. 1020 nt 12 o'clock noon, at 3t Naeeju Street vw York City for the purpose of elcciiiB thirteen Dlrec tor- of the rotnpany to aervo fur one sear nnd until their eiiTein'rs at", eleite,! and for the transportation nf any btiainea that 1 na iuwiuuy uw ir 'mnt u.inr. tno meetir R A OAY fiecretary. N'pw York ptnibc r 1 l'l'.'D niiloYmN U. S. FOOD PRODUCTS CORPORATION W '.s r n t V rK iln Ih- Itoird ot n'r-r'nr- h IV s dm .1 Urcl it rfgular 1 trjnrl of one nnd one 'nlT per lent HH",' ' "" tb i inl ciuin f the ur tfl-"l on O ' ntitt ihintr up HI tn'l stl (li ti.liT 18 101(1 i -Torkhclrt-rf it r f or 1 (l fl , , ls of bU1'! nl Oi loher 2 102ft The siodt triisf'r hunks will no' b I Hint A T Arm Treasur-i Dated Nci York spt in lojft SUPERIOR STEEL CORPORATION September 27 10.0 At the rcBUlnr metinu of the Dlr inrs f th aunerlor itel rnrporitlon a nuar. terlv dlldend of I Vd'V was declared on the i orninon Stnk ptalle Noiemhrr 1. 1020 i) Htoi khold. rs of riioul (,tntcr "i 101.0 H D HAItOi: Secretarv (nsi.r. tin I'ltll. ( (Mtl'dllATlnv rsew jotk hentenitiHr .1r,t liion The Hoard of I)lrctors hai tudny derUred ilKMdiid of rlrtt rents (AOn ur B,a-. navabla October 13th, to stockholder or r,., rd Oitobr tut 1920 ' Crtik will he mulled hv tOU'MIIIA TIH'ST rOMP.WV, Uivldend Dlabiirsln? A-nt JOHN- tfiVl.ilY Treasure IKAMU.IN NATIONAL HANK Clirstnut Htrert writ ot llrouil I'hlladelphla. September 27, 1020 At the r'irular meetlnw of tha hoard of Directors of this lnk. held thl day, a iiusrterly dividend of fire ner rent (5) was declared, free of state tax and tnyablt Ortohrr t. 1020. to stockholder of record at ,Vm -In., nt Itn.ln... D.nl.ml... OH ,tni- Check will be rnslled ,' jJrSyWl,U'' i the trading equipment corporations, tho article went on to sny,- places these com - panics in n poMtlon to handle a record-breaking business without a strain, Last annual reports of four equip- Iment companion, nnmely American Car invcntori" L '!? ihnn $10,000,000, "'"V1" ?"."p,000 January ai, 1010 "American Cnr nnri Vnnmlrv'n Inrcn torles dropped from around $10,300,000 to $15,000,000, Railway Steel Spring from $5,1100,000 to $3,800,000 American Locomotlvo from $21,500,000 to $7,300,000 and Baldwin Locomotive from $'J5.300,00O to $13,800,000. "American Cnr and Foundry had nearly $48,000,000 cash and Investment securities. American Locomotive $30. 000,000, Roldwln $13,000,000 nnd Hall- "iNo branch of tho industry can show such a drastic shrinkage in Inven tories, and small stocks of raw material and other products entering into manu facture of cars and locomotives indicate equipment companies will be able to .'" n inventories wnen nccuca on n " -ul,t uaaiB. Steel Uuylnc SlirlnUlns With respect to the steel Industry In the past week, the Iron Age stated that reductions in nutomobllo prices had brniiRlit nbout a futther shrinkaKe in buying nnd that in n number of directions the market was showing weakness. "Accompanying the cut made by the Ford Motor Co., writes that journal, "Is a determined effort to force down the price of automobile steel. The De troit company is expected shortly to buy steel ou a large scale for 11)21 nnd already some makers of automobile pnrti have been urged to make it down ward revision of existing contracts." It is observed that the period in which mills can maka deliveries has been shortened in some cases, pointing to a more .rapid adjustment of supply anil demand than was thought likely tuo months ago. At the same timo shipment of mill accumulations has gone on nt such a rate that many manu facturing consumers are pretty well stocked up. Tho tendency of pig irnu prices is stated to be toward lower levels. Moro ratlonco Needed The National City Hank, In Us Sep tember review, has the following to say rclatho to Increased freight rates and prices : "At this time, when the industries and exchanges of the whole world are out of balance, nnd there Is great need for patience and co-operation among all clasHCH, ill-feeling Is .constantly stimulated by hasty and uninformed comment. I'eoplc write and talk loosely, often without knowledge of the facts they discuss and still more often without intelligent comprehension of the economic laws which are involved. The natural economic law is always working to restore normal conditions, but time is requireu for its operations, and mean while the impatient people aro wanting to adopt arbitrary and punitive meas ures, which usually have all sorts of re sults not anticipated nnd which Inter fere with the natural processes of re covery." , Support for Cattlo Kaisers The October number of the Digest of Trade Conditions. Issued by the Frnnk llu National Uauk, in discussing farm production sas: "Prices paid to producers for the principal crops on September 1 were 7 per cent less than a jear ago. just the same as two years ago and J57 per cent higher than the ten-jear average. Prices paid to the producers of meat animals on August 15 were 'JU per cent lets than u enr nco. l.'i ner rent less i than two enrs ago and otilv JJ1 per cent nuove tne ten-year nveiuge. .lust now the farmer is being compelled to t-cll his meat on the hoof at such low prices that he is reducing his heul. Prices re ceived for meat animals nt the farm gute will not reimburse the fnimer for tho feeding, leaving him nothing for In terest on his investment. "It is to be hoped that this condition will right itself before the number of lle nnimnls on farms has been allowed to decrease materially. I.very encour agement should be ghen the farmer at this time to Increase his herds, looking toward n full nupplv of meat at reason able prices in the future." The Trader. Financial Briefs The N'ew York Subtrrnsury lost H. 737,000 to tho banks estenlav, making a cash net loss slnco Friday of J2.722.000. Th average price of twenty active Industrial stocks declined 0 70 per cent Teaieruay to j ,i wnne twenty to S3 S3 while twenty rn'l. roads an innccd 0 33 per cent to 80 C2 John C Hummel formerly of the . . . . - - - r --- ;sortn I'lillaueipiiia Trust Co nnd Rox norongn Trust o, ims neen elected as sistant treasurer, nnd William C Ben son assistant to the lireeldiiit of the ujney uanx nnu 'i runt to - . t The New York rhlcngo nnd St Louis combined lorporate nnd federal Inromo account for ear ended DeLCiti ber 31 shows net income, ufter taxes, interest nnd charges, of $.',368,516, asalnat $2,376 RU0 in 1D1S l''or the j ear ended June 30, the American Shipbuilding Co shows sur plus nfter rharges and federal taxes, of $2,935,211, rquhalent. after preferred dhldends, In $ J 13 h share earned on tho 17,600 don (ommoti stock, an com ntred with Hurjilui of $3,784 433, or $42 52 a shnn the preceding ear Head of Northern Pacific Resigns New York s. i" 3ft Jules SI H.tnna ford, prvsidrrt "f the Northern I'aclflc Co hftH r trnrii d it udh rmnouneed hei n tnd.ij lie ' he succeeded by diaries i nonnellj e uno ico president fOHN L. MERRILL, Proi. Rnule your message "Via All America," which words are transmitted tree by all telegraph companies. H(B98l INTERNATIONAL ETREIGlHTINC V REGULAR SAILINGS Through Ulll PHILADELPHIA to S, r) Wot Munlmm Heel aiuiinam uri. o ' n, n. wii . PHILADELPHIA to RIO JANEIRO & SANTOS Oct, S 8. f. West .Miinhiiin 0fl..lL.Vil "; fSiS'Lv. -..-. rt, 20 PHILADELPHIA to SANTOS AND BUENOS AIRES .S.B.Notkura VhVfrf.eVator """ ?0 PHILADELPHIA to FRENCH ATLANTIC PORTS h. . h.i.i. i- HH..S-..riim0a'o,r'r,.'::'::'.,.ofe: lS LBiayotleiUuiioin! rnnnuoinii JtassV gita, imuuru jdjo TIMBER GRADUALLY ER Priority Ordor Mado on Rail roads to Sond Coal Oars to Chicago DRY GOODS IN ABEYANCE ClilfBgo, Sept. 30. The American riUmbermnn nays; "Lumber prices have dccllnnl ".lowly, ami yet rather Btead lly, Instead of being cut abruptly. Tbe law ot supply nnd demand govern. lumber prices; tbe mipplv han been slowly ratrliinjf up on Hie demand, nnd no prlees have 'nlowly been derrranlng, ftlthough ocranlonal inereane are to be noted, especially In wme ot the grade, moftt lu demand, such an flooring." Home large western rallroadn observe a slight inerease In their lumber loading this week. T. .T. McOrclghton, the president, made the following statement to the National Lumber Manufacturers' As sociation here: "Any improvements contemplated ns part of the program of standardizing the industry would result In n moderate price decline. We arc endeavoring to reduce the number of patterns In lumber molds by CO per cent. Cost of operation will be less from the simplicity that Is Introduced, nnd In the long run the consumer will benefit." Coincident with the Issuanco of sub poenal by the fcdernl grand Jury hero for officers of the Coal Teamsters' Union, who called strike In n South Sid coal yard, the Chicago Real Kstate Hoard obtained from 'he Public Utili ties Commission a priority order which binds the railroads to furnish adequate transportation from the mines to tile city, nnd compels them to unload coal cori consigned to Chicago within twenty-four hours. A leading tlry-goods trade authority says: "With spot cotton searching out new low levels, the stability that dry -goods men hope for seems far away. While all action on merchandise for future delivery Is held In abeyance for the time being, there Is good day-to-day aggregate. Efforts put forth from time Co time to bolster up the mnrket thus far have not produced results. Some manufacturers gradually reach the conclusion that the only way to readjust Is to readjust. Primary markets evldenly look for more favor able prices. The slump In ginghams and some other cotton goods lias been met with indifference. All eyes are on the retail trade, which has bqen very active until the last few days. "Unseasonably warm weather less ened the demand for fall goods, which would ordinarily begin to move at 'this period. It becomes more evident ns wholesale prices recede that retailers are not playing their part in the read justment progrnm. Itrtail prices are not being lowered in keeping with lower costs, and this is likely to result in u slowing down of retail trade." Liverpool Cotton Liverpool. Sept. 30 There was only a fair request for spot cotton today, with prices steady on the basis of nn aiUance of 1 point for middling at 19 16d Sales were 5000 bales. There were no receipts Futures were very steady to the early dealings. Spot prices were- American, middling fair, 25.40d; vrnort middling, 22.66d; fully middling, in aoci ; middling, liMea; low middling, 15.3Ed: cood ordinary 11.90d, and or dinary, TD.90d, BUTTER, EGGS AND CHEE8E ew lork, Sept. 30 ntlTTEU steady Receipts, 7"." tube Creamery, hlsher than extras illl'ilSOle, extra (02 tcore). l)0c. firsts (88 to Ut ecore), 61H 5TB1P, packing atock, current make. No 1, 40c KflOS IrreKulnr Receipts. Ortjl cases rresh-BBthered extra firsts 61001c, do nrets, R7WHIPC. state. Pennaltanla and near by western hennerv whites, firsts to extras HiiPHOc, do browns, extra, 70tf7(lo. do, gathered browns and mixed colors, first to extras, KRffllSc ClintZSE unsettled Receipt m2 boxes. State, whole-milk flats current make, white and colored specials 2SS42fliC do. aver (IBs run, 27W W28c. state, whole-milk twins, current make srrlnli, 2S' 0 2nVc, do acrago run 27W Q28c. DIVIDEND8 DECLARED Carbon Steel Co . quarterly of a per cent on common paable October 13 to atock of record October S Winchester Co . semiannual of 8H per cent nn first proferred and S per cent on second preferred Pliable October 13 to stock of record October 1 Altarndo Mining and Milling Co , quarterly of fifty cents, payable Octobtr 13 to stock of record October 3. Drop In Price of Lead New York, Sept 30 The American Smelting and Ut fining Co today re duced tho prlco of lend from 8c to 7-hc a pound. Credits and Collections A thorough course for men nnd women who desire, a broad knowl edge of tho methods of handling and conducting the credit nnd collection department of n bank, factory or commercial organization. Commenc ing Monday, October 4. T M CAv Central Bulldinc 1421 Arch St. BRAZIL In 1919 vessels with n net tonnages of 952,989 cleared United Statos ports for Brazil and vessels with a net tonnage of 406,773 en tered American ports of Drazil. ALL AMERICA CABLES have afforded means of communication that nith In tho development of trado between the Americas. of Lading Iistied RIVER PLATE PORTS H. H. fotntl Oct. 20 iu uroaawajr, new Tork tonianu vot BECOMING HEAP Philadelphia Markets WHEAT rteeelptn. 107.004 hush. Market declined e. Car lot, new. In export vator-i-No, a red winter. ll,inOJ.MIAN. 2 red winter, tarllckv. IJ.31Oa.30t Olhr 5r6 quoted t th following endui of Iscountat Mixed wht Bo under red wlntert No. 8 wheat 8c under No. 2 No,, 4 wheal 7a under No. at No, 0 wheat lie under No. S. Sample accordlnf to Quality. , COnN Supplies small and market nominal In the absence of receipt. Demand slow. W quot. a to quality and location. 11.30 01.33. th Utter for.No. 1 yellow. OATS Receipt. 23,821 bush. HupP.Ho" mll and market advanced ie. Car lot to location No. 2 white, 0O07ci No. 3 white, B3M00C. ..... , FLOUR Receipt, 1,081,149 lbs. In ok. Quiet and weak to sell. Quotations per 103 lb, packed In 140-lb. Jute sack! 80ft win ter Btralrht. western, 111011.2.11 do, do. nearby, ilO.60 1 1 lot hard winter stralfht, S12O12G0: do. short patent. Sll.SOOlSi spring flrt, clear. tlO.BOttlll a, patent. I12O12.30I do, ihort patent. I13CMS.S0; fancy spring and city mill patent, family brands, 1140131 rye flour. 110.80011.23. PROVISIONS Firmly hsld. . Quotation! Hee heel f, in set, smoked a nd ftlr.drled. 83c 1 beef, knuckle and tenders, smoked and, air dried 64c: pork, family, iaiuijKiu aim ' 17! hams. ti. P. cured, loose, mc; ao, skinned, loose. 38c: do, smoked, 8O0: hams, boiled, boneless. Old Picnic shoulders, s. P. cured, loose, .10; do, smoked. i!8Wct belljes. in ptekie. loose, 20c: breakfast bacon, 87c: lard, 20c. BUTTER Hteady. Quotations) Solid packed, 02004c: extra, tile: extra first. SO OAOc; firsts. 62067c: second. 474731c: sweet creamery, choice to fancy, 03003c: fair to rood, B30S2C! print Jobbing at flOO 72c for fancy and 68088c for fair to choice. EGOS Fine egg firm. The quotation: In free case, nearby first. 62O04o per doien: nearby current receipt. 01c: nearby ordinary to fair. 3110 one: western extra, firsts, n2O04c: western firsts, OOOSlc: sec onds, 81033C; Inferior .tot lower: fancy candled ess Jobbing af 73074cl fair to Choice, 03 O 72c. CHEESE Market steady. Th quotations: New York whole milk, current make, fancy flats, 20UO2nftc: do, common to fair. 23 W 2uc; ao, i.onnorns, vuvt vouo: an, sinxia Daisies. SOU 30c: Jobblnr sales ot fancy goods, 32O330, LIVE POULTRY Th quotation follow: Fowls, not Leghorn, via express Fancy, weighing 3 lbs, and over apiece, 40042c: exceptional lot hlsher: light to medium. 30 038c: white Lefhorn fowls, 32081c; fowls, heavy, not Leghorn, via freight In carload lot. 38040c: spring chickens, fancy yellow-skinned, not Lesh6rns, weighing 8OSV1 lbs. apiece, 30038c; broiling chickens, fancy velloW'Sklnned, not Loshorn. medlum-slxed. 33033c: broiling chickens, fancy, yellow klnned, not Leghorn, small-sited, 80082c; while Leghorns, broilers, 80082c: old root era, 24023c: ducks, old. 30032c: do, spring, 82084c: pigeons, per pair, 23023c. DRESSED POULTRY Fowls. freh-kiled. picked, web weighing 40S lbs. apiece. 42c: 3!4 lb.. SSOSftc: weighing 3 lb. wetgning av and under. 30034c; broilers, western, dry- nlcUeH. vlrrh!n lUffll lhs. anleee. 430 48c: do, western, smaller slxee. 41042c; roaatlng chickens, western, weighing 8tt lbs. and over plee. 40041c: fryers, west ern, weighing 2V4 03 lb apiece, 38080c: broiler, nearby, welshing 1H 02 lbs. apiece. 48047c; broiler, nearby, smaller sites, 42044c: old roosters, dry-picked, western. 28c: do. southern, 20O27o! spring ducks L 1 , 88c FHESH FRUITS Apple, per bfkt . 160 85c: apple, extra, fancy, per bbl,, 13 00' do. The Foundation Co. Stock is rated by the leading "Invest ors' Servico" as "Baa," which is tho same rating given to a number of very well known and highly regarded Securities. Wc should be glad to send u list showing these issues, to gether with n description of the above stock. The Foundation Company in 1919 paid Dividends, Regular and Extra, aggregating 17. This stock is now upon a 10, Regular, basis. Can be obtained to yield 10.40 A. D. CONVERSES CO. Commercial Trust Company Philadelphia New Tork Ilaltlmore riiOToruws AlktmU.,, 12'1. Morrl ft Paasyunk At. ttUiamura Mat Dallyst?. fc .0:45 9 KI.AINB HAMMERBTllIN' In "THE SHADOW Or nOSAI.IU IlVn.VES" Al 1 AM li0 nA5T ciiijirnN A1L-1N AVENUE REX'S BEACH'S "THE nmi, FROM TIIK OUTSIDE" A I F PnWPNY..r''lfor'J All-htnr ,iuuuuiiu,iMtl, uailV StlO. EV Svt-a. at 8. ORIFFITH'fl "THE IDOL, DANCER" A POT T C 5-D AN THOMPSON STB. tVJl-XJJ MATINEE DAILY NORMA TAI.MADOE In YKM Oil NOT" ARPAD A CHESTNUT BMOw 18TH ttlWrtUIrt in A M. to 11:18 P. M. THOMAS MEIflHAN In- "CIVILIAN CLOTHES" BALTIMORE ".ASMS CLAnA KIMBALL YOUNO In "FOR THE SOUL OF RAFAEL" Rl I IFR1RD DROAD STREET AND DLUCDHMJ RI'FQI'KHANNA AVI AVE. LOUISE OLAUM In OKX" BROADWAY Tti? "$'" WAIJJCE nEID In ' "WHAT'S TOUR HURRY" PAPITHI 7" MARKET STREET rniJl-t tn a r m litis p DOnOTHY DU.TOV In "OIIILTT OP LOVE" M COLONIAL ,n AnMV"a'npAYjr ANITA STEWART In ' " "THE YELLOW TYPHOON" FMPRFS MAlN BT- "ANAVUNK CIVH lUJJ MTINEE DAILY MARY M MINTER In "JK.NNY, HE GOOD" FAIRMOUNT ?WAliJ MARY ROnr-RTS RINKHART'8 "DANOEROUH DAYS" PAMII Y THEATRE 1811 Mark.t 8t. r-lVlllI n a. M In MMnlfht MARIORIE RAMREAU In "THE FORTUNE TELLER" CATU CT THEATRE U.low 8oruc. JUin OI. VTINEB DAILY LOUISE STONE In "rtl" "THE RIVER'S END" FRANKFORD 7,B FNnD BTAR PART In ' "A CHILD FOR SALE" GREAT NORTHERN ?' ANITA RTEWART In "THE YKLIW TYPHOON" at Erl 0 P. U. IMPERIAL i!iT.I.s,WA.7TR REX'H nEACH'H "QOINO POME" LEADER 413T Aa'tiaIl IIRYANT WAHH11UHN In "WHAT HAPPENED TO JONES" I 1RFRTY DUOAD ft COLUMHIA AV, L,lDt-Il I MATINEE DAIL1 ALICE I1RADY In- "A DARK LANTERN" 333 MARKET oTKIF WALLACE RE1D In "WJtAVH YOUR HURRY7" MODEL 2S B,?V?,H HT'. 0re""tr. IV1V7I-'1 J- Continuous I to 11, EILEEN PERCY In "HER HONOR THE MAYOR" AURORA S,M 0EM1ATNTDATLYAVfi- HORART ROSWORTH In "1IEI.OW THE 8URFACK" CENTURY e"'VtvbdaaZ:y0T" WILLIAM TlllJrM-M,?A,T i'OOD'8 COWJTRT AND THE WOMAH" Complit court .howlni pretrams for tb XOMW.NY r J 12 O 4 SO Qrangt. ,. "jy. rVr BOX, J'eaches. b-ikt, , 6 Ol 01 1.23. Pear, nee hs 9 23. u rapes A aku V.,.. w-'! i.oVi?. ,'AO I'lums. per bush, I1O2.B0, T.' - "r USHL.I v,uiwAULtca wnits potatoes. PW H-bush. bakL No, if'H l. nncDTRA. fi J: iiiT. --' -"-.ri.r""j pwvivoi well pniaioes. Jersey, ru. tl .. .. . 7Uni IWM htlf Atria 1i....."'.."9 DiKl. no, i. nuDOC 1. BOOOOCI NO. 2. SStfifti! "'! rot mo, outh6rn. tcr bbl., Vn-Dogtire, jarncr pp ' re. Jersey, ner hetf "i,lK''0'l 53. ..&.' Jersey, per bskl.. 4rt9il; "A.r-"-t.nlent. bush.. 30CO82 ' Tomatoe Jer..V' B" bjkt. . 3Sc01t.3B. Smng beani, ner1 uJ." 230l8c. Lima hehf. per hVt,.P" .b.'i corn, jersey, per bskt., SOOflSe nUi1 nearby, per 100 bunches) uSSm. '"' NEW YORK COPFEE MARKET New York, Sept. 80.-The market for coffee future showed little clinnge In conditions, with first prices 4 point, lower to 10 points higher. The prC9 of futures seems to be too low to war. rant any really aggressive Rhort sell"; At the samo t mo buy ne in i,,j r ch&k by unsettled condftlons now' Si. fc ng In financial circles, together w local buslniss uncertainties. a While It is possible that recent westh. er report showing conditions a gl state of Sao Paulo have tended to check selling to some extent, It i, be. lleved that the season has too fa" s,l vanced to become seriously damaged b frosts at this time. D' At the end of the first hour tbe local market held steady, trading was quiet nnd price changes unimportant. xes. ciois December 7.80070 March 8.18O10 May 8 8800 July 8.S3S66 9Mn 7ora70 S17rf:o 5SM340 6.50(380 "The Best Book of the Year" Free to any man who is interested in the mar ket and who wishes to know The General Tradinir. Rules of How to GItc Instructions. a Broker Brokers' Commission Charges. How to Indorse a Stock. Certificate. How to Use Collateral in Trading. How to Group His In vestments. The Deposit Require ments for Carrying Stocks on Account. The Rights of Stock and Bond Holders, etc. Written in simple lan guage and easy examples given. No obligation. Edition limited. Call, phone or write at once. Ask for No. T. U.-9G1 JONES & BAKER SpecUiistt tn New fork Ctiri Market Securities Widener BIdgr., Philadelphia Phones Bell, Locust 4730 Keystone, Race 2290 Odcea In 9 Principal Cities Direct Privets Wires riifvropuws aveng The following theatres obtain their pictures through tho STANLEY Company of Amer ica, which is a guarantee of early showlnc of tho finest productions. Ask for tho theatro in your locality obtaining picture through tho Stanley Company of America. OVERBROOK tfM&RD av. 'FOR THE SOUL OF RAFAEL ' PAI APP lsli MARKET STREET i ryirwU jo a. M to una P. I ALMA RU11EVS In nujiuiusaguL.' PRINCFSS 1018 MARKET STRECT nW.T 8,30A.M toll:lP.lt D' w-.(!Rn P,T PRODUCTION "THE IDOL DANCER" REGFNT MARKET ST Below 1ITS OEOROB WALSH In "I HE DEADLINE" RIAI TO OCHMANTOWN AVE i.f. AT TULI'EHOCKI EN ST. .gNCE I TALMADOE In, -.- ,..,-,i jr ni.iL.ll RURY MAKET ST. DELOW 7TH 1VI1 . 10 A M (n UJa p LOUISE OLAUM "SEX" SAVOY U MARKET STREET B A t to Mins'inHf F.TIinr. CIAYTON In "CROOKED STREETS SHERWOOD B4TH AND m t.TttnnH "WHAT HAPPENED TO JONES QTANJ FY MARKET ABOVE 18TI1 O I M1N1,H, I it'll A M to 11 UP Jt EtSIE FEROUSOV In "LADY ROSE'S DAUGHTER ' VICTORIA WVirioV F.UOEVE O'tlRIEN In "THE FIOURE HEAD ' W Th. NIXON-NIRDL1NCER G? THEATRES AVFNJl IK" Formerly Wmt Ailrghtnr rtVE.nUL;5lh st an,i rt,.Cb.ieiiy At CHAni.EH RAY In "PARIS URKE.N" BELMONT cu AU0VE MAUKW JVCK PICKFOHD Irr "THE HOUI1LE-DYED DECEIVER" CEDAR a0T11 AND caUAn Mi:sva STAR CAST In , "W11AT nECOMES OF THE CHILnnn.M' COLISEUM ma,,kTt.i?V:Stu ETHEL CLAYTON In "CROOKED STREETS" II lMRn FRONT ST, 4 OIHARD AV& JU1V1DU lumboJiinrtlnnon Ftanklord 'I. "THE THUNDERHOLT" With KATHERINE M-.IC DONALD inrilCr BSDAND ixdcust streets LULUOl Mats 'l ..in, 3 .in Ei 0. 30 toll WAI.ICE REin i In "WHAT'S YOUR HURRY?" NIXON 02D AND MARKET STS. m 13 7 ana -FLYNN SPECIAL "THE FAKIR" RIVOLI B2D AD BATiAv TOURNEUR'S "THE WHITE CIRCLE" STRAND aKANTAT AENAN(W WALLACE REID In , "WHAT'S YOUR HUliim JEFFERSON 20th SkVvMt .lPnAJ.T"R?WORTH lr., "JIBLOW TIIH DUIiinv- PARK IDMMfii.Dv.AUr"" ' BTAR CART IB,.,,, if wwk rpr (Sturty vl u4 mitT'i mmmm&i .... --.i ? ij V &&. -V i-Atu tJ-. iXiiia'Kjfc I ifi jtoifttZsiika
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