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r?I i MARKH RALLYING I
th''B 1 Mfillinn ill in ppphi r
, rUWtR WAu 1-ttDLt
EVENING PUBLIC LEDGER-iPHlLADELPHlA, SATURDAY, NOVEMBER 13, 1020
i
American
Investors
Many Americans
are placing a goodly
portion of their in
vestment funds in
Canada.
Conditions nre sound.
Labeur d lsturbanccs are
rare. Expert trade Is
making great strides;
and en top of nil you can
(owing te premium en
American funds) buy
ftllt-cdp,cd securities te
yield 8 and upwards,
payable In American
funds.
Write, and we will send
you allst of Investments
te cheese from. Address :
83
agency or
Royal Securities
1
rrK H
warn
CORPORATION
(CAN)
MIXED
L. 1
165 Broadway New YcrK
WEssimxh&uajw
Anethor Seiling Mevement
Quickly Cancoled Recevery
Made After the Opening
Way Beet East
Is only one of many successful
photoplays produced by that
,-ienlus of motion pictures:
D. W. Griffith
Wc offer the Class "A" shares of the
V. w. urimin, inc., at SIS per hart.
Write for particulars
Scott & Stump
Investment Securities
STUCK KNCII.WliE IIUILDINO
PHILADELPHIA
44) EirbUM Plate New rrk J:
Centesvlllr. Clinniberibarr. Carlisle, f
Pennsylvania '
Stock
Salesmen
Her I Something Interesting
Fer Yeu
It jeu can really !! stocks. It yen
are energttle arid ambitious. It you
rcant te becem. connected with a live-
wire, .uhstantlel rntncnnv fh.l Innli.
after ita laltiratn and works with them.
Here la your eppenunuy te aa no.
, Attrantlve leads which premts, very
uitstantlal financial returns are waiting?
ter veu te cl ae
Write for an IntervleTr.
A 115, Ledger Office
financial
POCAHONTAS CONSOLIDATED COLLIERIES
COMPANY, INCORPORATED
Donds.
yifty-Yrar live fir Cent. Meld
Dae July 1, 1037
Netice Is lietnuy ilvn. pursuant te the
lurni of the Mortgage dated July let, 1907
that the undersigned, aa Taint, will re
ceive sealed proeesais up tn 3.00 p. ni., en
the 8h day of December. 1030. for the sale
te It of tIlds at ahnve dArrttMd sufflclpni
tf une thu lum of (14,510 77 The under
lined reeervea the rUht te rvject any or All
tenders
THE NEW YOniC TRUST COalPANY.
Truitee nv II O. PITT'S. Secretary.
New Yerlt. October 31. 1820.
PreiMMils
DKl'AltTMKNT OP PUBLIC SAPirrY
UIKLCTOIt'S OPPICU
Roem SI'S, City Hall
Seal d proposals will be rebelled nt thlJ
Jfflce. lloem 215. City Hall, until lYIday,
lOTt-mber 20th, 1820, ut 11 o'cletk neon, for
the follewing:
BUnEAU OP FI11E. Fer the (urnlebln
of two 12) new cartels complete for the re
build n and plactns In wrvlce. Combination
Chemlcal and Hese VTaxens. Ne. Kxtra 12.
and Ne 80
Cl-anlnr Firs Heidquarters, 132S Itace
street, tn the year 1021
SpeclrWtlena for all the above te be had
at 1S2S Race street
Crntrsoters te guarantee the employment
of m.n but competent and nrit-ci-.i work,
men. who are cltltens of the 7nlted States,
no workmen te be considered as competent
and flrit dais who ar. net duly skilled In
their respectlve brnnchen of labor, and wr.e
hall be paid nuch rat s of wages and for
uch hours nf work as shall b? the established
nd current rates of wages paid far such
hours of work by employers of mvanlsid
later In the delr.rr of lml!-ir work, as pro pre
flded by ordinance of Councils, approved
De-emb r 10 l'JOl
Ne bids will be considered unless accom
panied by a certHcate from the Cltv from
ihe City Solicitor In accordance, with or er
Inancn of Councils appreted May 25, jsije
requlr'ni proposal bend In all cases where
the amount exceeds 1100
The Dlrecl'.r reserv s the rlcht te reject
tny or all bids, or parti of bids ns may
s deemed best for the lntrt of the elty
JAMES T COnTELTOU. Director.
isew Yerk. Nev. IS. After brief
wily following the lower opening-, Hnul-
lntlen notably In the spcculntlve Isum
wns resumed In hesvy volume during te
day a brief tock mnrkct. The chnracter
of the opening- dentines eueiesteil or.
RfinlirM support en the pnrt of the In
fluential flnnni-lal Interests te check
further sprend of the deinoralixfttlen.
This Influenced considerable week-end
enver'nit of the shorts, nnd which car
rled the meet of the Hit bnck te nnd
nbevp Inst night's cleslnc level.
On the ndvnnee. however, n wavering
tendency developed, disclosing the buy
In? power te be stilt very limited. This
invited renewed snvnge drives en the
pnrt of the bear centlnccnt, which In
turn reopened the flood Rates of liqui
dation. The movement rentlnucd te
center In oils, steels, equipments nnd
such specialties ns lenther. tobncee nnd
snenr issues. Further depreciation of
raus ei me eettcr einss also resulted.
Lesses rnnged from 1 te fi points, these
In many Instances representing lowest
levels for a year or mere. The decline
was checked for a while in the Inter
dealings, but gained further momen
tum toward the end en pressure against
Southern Pacific-
The week's semlcellapsc in the indus
trial stocks wns net only a most un
pleasant surprise-te a great mnnv mar
ket fe lowers, but was nlse d!flult te
reconcile with the knewu traditions of
un.l street. Fer ever a year, however,
this market has been knocking all of
m mi turret pet traditions, theories,
precedents and regulations te smither
eens. Today some of the very shrewd
est market observers are completely at
sea. and frankly acknowledge their in
nbllltv te satisfactorily diagnose the
situation.
These, however, who made nn un
biased nnd careful examination of the
prc-eectlea market were net altogether
i surprised in the breaking down of the
speculative structure. The very in
dolent and Indifferent chirnetpr nf the
0 market during the progress of the tires-
Iiientlal campaign was sufficient rlr-
cumstnntial evidence of the ultra-nrtl-liclal
caliber of the entire market struc
ture. It at least sugsested nn ergnnltcd
effort was being mode te maintain a
hi? trout until after the battle of
nueti was ever, in that it was appre
ciated bv the powers te be that anv dc
moralizing slump in security values
such ns witnessed this week might
prove detrimental te the success of the
favored candidate.
I'nless surface signs nrc mls'cidlng
with the election ever all the nrtlficinl
mipperw were promptly withdrawn and
the market wns freed te run en its own
resources. Wall street must nluavr.
umt nn excuse for all its doings. Ae Ae
reTclincly. exnlanntiens for Hi ileoetl,.
marking down in market values of the
wvuruics or me intiustriai concerns
were, built upon and around the in
creasing unsettlcment In the general
business situation. Huslness Is bad. as
n result of the severe price reduction
movement and the overwhelming tide
of order cancellations, and most of the
prominent market interests knew It
long beiere the election. In fart,
cvtrvbedv knew it. In iruth. everv.
body with n grain of common sense has
been talking nbeut it for ever bIx
months. Everybody therefore In Wall
street is pessimistic. This is the bestj
nijll il it. Ull. WIIirST Uil' UU II II I TV 10
facing some great catastrophe which Is
net yet visible te the naked eje, It
marks the beginning of the end of the
Idg bear market.
cellar.
It is always difficult te measure the
length of a great downward swing much
ilir same as it is te feel the top of a
crazy bull upward swing. Seme of
these duys. which de net seem far dis
tant, this same market which new-
shown every Nmptem of going te the
damnation bow-wows, is going te begin
(itiletly te dlsreunt rtie returning pros
perity of business nn it has done the
adverse side in the past year.
MODERATE SELLING
IN LOCAL MARKET
Rapid Transit and Lake Su
perior Were the Wealt
est Spots
Several weak spats were uncovered In
the enl market, but the cenernl list
held up remnrkahlv well. The scatter
ing weakness undoubtedly wns the re
sult of the selling out of accounts which
had been seriously Impaired bv the re
cent violent slumn. Such sellkie was
snegested in the decline In Philadelphia
I Rapid Transit te L'7 and the fall in
iLnkc Superior te 0.
There was emc further moderate
NOTICE
nETTOLJC OIL AMI 08 COMPANY
Flmt Mertirjvtn U9t Convertible
Sinking rtinri Geld rtnnds
Sealed propesiti vlll be rrrelv d t , in u... j..un. -.. -n...n. ..
office of the trus-ees until ln,m, Nefetnbiir ,' IV .iT " l""'
SO. 10SO. fe- the tnle nf 4S ene per value flnp,l te fractions, the only exception
of the above bendy at th lowest price net be'nit General Asnhalt, whlcl. ran off .T
SS5lSB'"J.? Kl? ""mi? 'of '"thTer'tg, V"- .Pc5S?;,Ta?1,l. MWA r0'1"
for the Sinking Fund and eth r purposes receding te 40 VI rallied te 41 Vs. Frae
therein grvnM "Th be-ids jrcented here, tlenal gains were made 1 American
S.yUonsmraV'.fietirt'Wc Stores. Philadelphia Electric nnd
date int rest thereon shii cease United Qas Improvement.
All ener, nnnura n- iwq -Tropesals I vtliln ..f nnrt pulnr imnnrtnnee nf
I a local character turned up during the
week and what movement occurred en
the local exchange was Influenced te
a large extent by the violent fluctua
tions of the New Yerk market. In the
absence of ether considerations a great
deal of attention wns given te both the
buslnesh and money situation. Te
strttrh the point somewhat It might
be said that menev is at lest getting
easier. This mny en the surface seem
nnradoTlcel. neertheiess there is an
NEW YORK STOCK EXCHANGE TRANSACTIONS
Sales
100
700
100
91
701
1810
80S
8 00
1010
16)0
810
23 0
310
3400
00
7J0
1111
111
210
7101
300
8811)
100
1711
1S
231)4
100
100
100
DO
till
100
10)3
10)
1310
110
100
3730
3))
310
810
8101
100
100
4331
310
311
400
40 'II
400
Dlv.
In I High
.. Adams express 81
.. Advance Itumely .... 21 W
Advance Itumeley pf. 4Vi
Ajnx Ituhhcr 32 M
.. Alaska Cleld Mines... IK
.. Alaska Juneau O M... 114
.. Allied Chem A Dye,
1 Allls-Chnlmcrs
S Am Agrle Chem....
8 Am Meet Sugnr....
10 Am Doseh Magneto.
. . Am Can
7 Am Can nf
U Am Car A Fdy 127H
.. Am Cotten Oil S3
80 Am Druic Syn 7H
.. Am Hide A 'Leather. . 8
7 Am Hlds ft Lenther pf 1H
83
3014
88
S
28
MJ4
8 Am Ice of JIB
8 Am Internat Cerp.... 8814
7 Am L,lnsccd pf 8S'4
Am Locomotive 88ji
. . Am. nadlnter Ce. ... 72
.. Am Safety IUiter. ... 10H
.. Am Ship ft Cem iVi
4 Am Smelt A Ref It
7 Am Smelt ft Ttef pr... 8RH
0 Am Smelt See A 78J4
12 Am Snuff KOft
8 Am Steel Foundries,. 8 Hi
7 Am Sugar tlcf 80
7 Am Sugar lief pf....lC4H
10 Am flumntra Teb 7H
It Am Tobacco B 114
8 Am Tel ft Tl 00
80 Am Tobacco I14H
8 Am Tobacco pf new. . 8814
7 Am Woolen 10
.. Am W t rt: Paper pf 1'S
.. Am Ztne Lead A Smlt 8
Am Zlne Lead ft s pf 88
4 Anaconda, Copper ... 48
4 Asse try Ooeds 34
8 Aase Oil 107
Atch Tep ft Santa F Mfl
8 Atch Tep A S F pf . . 77
7 Atlantic Coast Line.. HlK
.. Atlantic Fruit 1SJ4
10 Atl Gulf ft WIS S...U8H
a Atl rs.iie a. w r He itnii
lfllna.SO TtntiliiflM rMy.mM.i.A iraix
108 e .. Baltimore A Ohie.... 40&
1100 Baltimore. A Ohie of. . "K
100 .. Hsteplas Minlntr .... 1
J .. Bethlehem Meters ... a
1810 8 Bethlehem Steel 80
3000 s Bethlehem Steel B.. 0jr
01 J .. Beeth Fisheries 4 ft
""J .. Brklyn Rapid Transit 12H
100 .. Druns Term U
100 10 Burns Bres 8814
700 . . Butt, cebper ft Zlne. . 89
7J0 .. Butte ft Superior Ced 11 V
100 .. Cadde Central O ft R HI
' 8 California Packing .. 0
WOO .. California Petroleum. 20H
100 7 California Petrel pf..
100 4 Calumet ft Arltena... 8154
"Olie 10 Canadian Paclfle ....11714
4000 .. Central Leather .... 87
1-500 4 Cerre de Pasco Cep.. 38J4
1800 10 Chandler Meters 77
H70 4 Chesapeake ft Ohie... 1K
00 .. Chicago A Alten.... 0
00 .. Chi A B 111 pf ctfs... a
880 .. Chicago A Ut Weal.. OH
10)0 t Chicago A Ot West pf T3
0330 .. Chicago Mil A St P . 3Ca
37(0 .. Chicago Mil & St P pf BflHi
1100 B Chicago Northwestern 7M
1181 .. Chi Rift Pnc fll
41) S Chi R I A Pac t pf CO
0 7 Chi R I A Pac 7 pf 77
0 ' . . Chlle Copper 13
48)0 1.80 Chlne Copper 13
200 S Cltv Cln Chi A St L pf 04
20 10 .. Coca-Cela SSW
4)0 s Colerado Fuel ft Iren. aiJe
8'0 . . Cel ft Southern 3b yt
120A fi Celurnb Oas A Klee.. JI5
30)3 1 Cel Graphaphene .... 14TJ
18) 7 Cel Oraplmphone pf . . 74
100 7 Consolidated Clitar . . . K
30) 7 Consolidated Oas ... I3H
810 t Cen Interstnte Cat M 7
ln 8 Consolidated Textiles . 19
1513 1 Continental Cundy ... it
MH 4 Cern Products Ref. .. :7J4
a 2.00 Cesdcn A Ce T6
3U0
7000
23)0
4810
4(1.)
1730
80)
an)
1810
83 1)
870
301
400
ISO)
010
11)0
20)
100
100
180)3
259 0
310
3d)
4513
033
0 10
3)3
1)0
3)0
300
04)
8)0
101)
3)0
11J0
000
8)3
4)0
100
1113
39 '3
1U0
30J3
7)0
000
5))
30)0
10110
100
31J0
4)0
3)0
3030
8 Cruoble Stcel 107
Cuban Cane Sugar
7 Cuban Cane Sugar pf
7 Cuban Amer Sugar..
0 Dclaware & Hudsen.
. . EMnver A Rie Or pf.
1 Dome Mines
.. Klk Hern Ceal
8 Endlcott-Jehnson ...
. . Erie
.. Brie 1st pf
8 Famous Players L. .
.. Federal Mln 4 Smelt
3 Flsk Rubber 15U
.. Ficepert Texas 17V4
.. Qaaten Wms A Wig., e 14
3 0M Am Tank Car... CCVi
0 General Cigar 7?
7 General Cigar def pf. 85
8 General Elcctrle ....
) (Jcnerrl Meters
0 Gen Meters deb (..
7 Gen Meters deb 7..
0 Goedrich B F
. . Granby Consel MAM
7 Great Net thern pf . . .
4 Great North Ore ctfs.
80 Green Cnn.inea Cep. . .
.. Oulf Mobile A Ner..
Gulf State Steel
251
, 05
. 30H
.101
. 2H
. 12
. 18
. J4
. 1414
. 3K
, CO
8J4
. I3i
7IH
10 M
teVs
'-3tt
11
3914
4 Haskell A Barker Car C0K
1
7
ee
4
TOr in. rnm vm .vvu.'iiv '"i mm usi re 1st
Mortgage tlends" ard add esied
S-IIK. PTNNBYI.VANt. POMPAVY rnn IN-BTIHANPr-H
ON LIVES AND aitANTINQ
, Pa
817 Chentnut st Phlla ,
Annual ileetlngs
KST EM) THtal CO.IH'A.VS
Philadelphia. November Mth. 1020
TIIK ANNUAL MKKTING OK THE HfOCK.
holders of the Weet End Trust company
will lw held at the efflce nf th. Company.
iTrnud St. and Ren'h Penn Square. Monday!
VJewnibVr 18th. 10e at 12 o'clock neon. '
N "citAntrs E VOT.TIERT. 5.eret.?r.
Hleldends
OFFICE OF
TIIF.
. W
UNlTEn OAS IMPUUVEIIRNT CO.
COUNFR lUlOAU & AIICII HTItnKTS
rtllladelplUa. Sept 8. 11)20.
dlrecle s hae thle da declared
Housten Oil Ce 88 H
Hupp Moter Car 1214
Illinois Central C0H
Irdinhema Ref 14
Inspiration Cen Cep. . SO
Inter con Cerp nyA
Inter Cen Cerp pf. ... 14ft
Int Agrlcul Cerp pf . , 88
lnt Mer Marine.... 14 H
Int Mcr Murine pf.... 87
Int Me Truck 1st pf.. 7014
International Nickel . 184
International Paper . 7
Intemnt Mutortruek. . 3414
Intl Han-ester new... 9014
Invincible Oil Cerp.. 27
Island Oil 14
Jewel Tea 4
Kan City Southern... 1
Kansas City Se pf... 4014
KellySprlnRfleld Tire. 8&H
Kerlnccett Copper .... iOJt
24)) 1.20 Keystone T A R 1014
5)) 0 Lackawanna Steal ... 67
100 2 Lee Rubber Tire 10
800 1. se Lehigh Valley 10
1803 3 Leewe Ce 18)4
HI0 .. Left Cerp 10ft
310 It Leruinra TODncce . . . 12s
Total sales, 077.000 shares.
8,804.100.
Lew
31
20
B414
81 t
ltt
114
MJ4
3014
B14
88
t&
8(4
138
23
'7H
8
1014
88
!
6814
88
73
10
UK
. 1V
88 H
7014
no 14
9114
r
10414
:K
114
00 IS
1114
uia
H
33
"14
24
107
HJ4
77
JO
t, 18
I1SJ4
00
lfe
38
49H
1
3
mi
59
4K
1214
814
R814
814
1114
18
"14
20
cs
8114
110
30H
r.414
7514
03
8J'
8
8H
22 J4
.18
13
7814
28H
C5
78
5214
21
04
i5t4
new
28
ta'A
1414
74
S8M
r3H
014
1014
7
:a!4
C4J4
113
2414
64
2fl
11014
214
Il
1014
58
IP
89
8
18
iK
4
0014
8714
85
120
14
1314
711
43 n
:e?4
(-214
neH
2814
11
80
8
SMi
1214
89
'14
38
.ft
18
1314
85
7014
1514
JC14
C3H
5
S5M
Ji
4
2014
aii
39
20
10
58
10
4914
1814
1014
12834
Today's Net
Clese Chge.
31-1
30 - 1U
84J4- ft
83-1
1M ..
114 ..
"14- M
2914 ..
nn
881
- K
a ii
138 - 114
38
7K ..
8. - H
014- in
583
84U- SM
8814- H
88H- H
n - n
UK- 14
8 - M
M14 - 14
7814- 1U
10014- SH
1H-
f
104M- W
?- n
11 14
8914 ..
1114- 114
88J4- K
83
4114 ..
8X 1H
83 -'7
4W- 14
a- K
107 -
HV4- 114
77 -9114
14
1)4- H
nH 114
00 - K
K014- IS
ae? H
8014- 1
1
3-14
89U 1
k
1214- 14
"14 14
8814 H
SH -
1114 14
18 14
riH- H
20 - 14
CK- IK
8114- 214
110H- 14
30- 1
t44 14
78H- 1H
c2i4- a
814- IK
9
9
2214
3S -53W-7854-
30
C5
IA
54
A
154
114
14
19
3
771
1254 14
31 - 3J4
84 - 1
2C54- 14
31K IK
283
i54 3,
iK ..
74
M- A
8314- M
814- y
10H- 14
7 - 14-.
SH- IS
:s
10414- 114
24J4- 1
1454- 154
20-54
K0T4- 14
nS- 14
i 4. 1a
l)lv.
In I
-t-
'i. " High Lew
'H 7 Loulsvlile A NeahvlllelC354 103
, "u Maeitay Ce pf 87
JO" 10 Manatl Sugar MV4
100 1.78 Manhattan Shirt 18
?00 1 Mnrlln-Parry 17
e .. Math Alkali SO
J .. Maxwell Moter 2
e22 Ma OeP' Stores 71
1800 if Mexican Pcreleum ..188
j s Miami Copper
) l.0 Mlddle Statti Cerp,..
"JO 4 Mldvnle Steel A Ord. .
80 ., Me Kansas A Texas..
00 . . Me Kansas A Texas pt
2310 .. Missouri Paolfle
10 ,, Missouri Paclfle pf...
300 ja Mentana Power .....
7'1 .. Montgomery Ward ..
4 Mil ni HndV
800 8.80 National Acme
a
tiiii
100 .. Nat Aniline ft Chem.. J4
100 7 National Biscuit 103
SO) .. National Cen A Cable 814
1030 e Nat Knnm A Rtame.. 4714
'" s National Lead
100 . . Nat R R of Mex Id Pt
MM 1 Nevada Cen Copper. . .
800 .. N O Texas A Mex....
930 te New Yerk Air Brake. .
8909 s New Yerk .Central..
'00 . . New Yurie C. ft St L. .
7
80)4
18
10
30
H 214
54 71
M 18054
1754 1714
MM Mfc
IS 854
4 3K
7H 7H
18 2254
48
at
108 tee New Tork Deck.
Si- 2H
a .&
89 -vl
8 - 114
18-14
10J4- J4
0054
714
85
13154-1414-
13 14
7154- 14
3 - 314
ok- 3K
54
154
54
r3
3054-:i54-li
39
88
"54- 54
14 ..
tei4- 114
714 ..
3814-
14
lH
68
154
87
7054- 154
18K- 54
iS 3
54- 1
'0
2014-485i-
89
2054
10
7
19
10
1914
129
IK
B
K
14
H
K
'54
08)0
40)
1313
700
103
88)0
300
1099
100
309
100
100
9900
1813
310
395)
8)0
710
2310
1010
800
48)3
1170
810
100
17
1833
013
3)9
8010
7101
7)0
1310
318)9
310
830
230
003
71)0
810
100
4100
330
5513
tee
3030
593
300
330
1033
1813
100
803
4810
3)9
500
9801
103
388)3
300
0000
31)
310
70)
701
18)0
70))
600
403
303
3530
200
98))
0))
10J0
330
New Yerk N H ft H.
1 New Yerk Ont ft W..
7 Norfolk A Western...
7 Northern Paclfle ....
8 Neva Scotia SAC...
40 Okla Pred ft Ref
.. Orpheum Circuit ....
.. Otis Steel
.. Otis Steel pf
8 Owens Bottling Mitch.
4 Paclfle Devel Cerp...
8 Pacific Gas ft Elce. . .
a Pan-American Petrel.
Pan-American B
4 Parish ft Bingham...
8 Pennsylvania R R....
.. Penn Seaboard Steel. .
.. Peeples Qas Chicago. .
70
014
1054
88
F0J4
79
354
34
V54
20
t8K
aa
3K
28
18
83
80
2054
7K
7754
70
21
154
13
88
Pere Marquette 21K
Philadelphia Ce 74
Phillips Pet 8354
Fierce-Arrew Moter .. 5K
Pierce Oil 13
Pitts Ceal 9
Pittsburgh Steel pf... 8754
Pittsburgh ft W Vs.,
Pend Creek Ceal 154
Pressed Steel Car 8854
Pullman 107
ok
i-unia Aiegre augar. . eiyn
Pure Oil Ce 87
Railway Steel Spring. 8754
Ray Cen Copper 12 H
Reading S3
Reading 1st pf 85
Reading Id pf 81.
.. Remington Typewriter 37
. . Reple Steel 77
8 Republla Iren ft Steel 8
.. Republla Motertruck.. 27
.. Rebert Rels A Ce 1054
8.30 Royal Dutch N Y.... 70K
1 St Jeseph Lead 14
.. St Leuis Snn Fran... 78H
. . St Leuis San Fran pf 39
.. St Leuis Southwest... 29
.. St Leu's Southwest pf 42
1 Santa Cecelia Sugar. . 0
., Savage Arms 10
.. Saxen Moter 3)4
.. Seaboard Air Linn... t?54
. . Seaboard Air Line pf .
8 Sears-Roebuck
.. Seneca Cep Cerp.....
. . Shattuck Arizona
74 Shell Transport
.. Sinclair OH
0 Southern Paclfle . . .
12 Seuth Perte Rice SuglOO
.. Southern Rail '.0
Southern Rail pf 1154
Standard Oil of N J..C20
Stand OH of N J pf. . .10&K
Stewart Warner Sp. . . 37
S'.Tembetg Carb
Studebaker
Submar Beat Cerp...
: Superior Oil Cerp....
8 Superior Steel
. . Tenn Cep & Chem . .
4 Temter Cern ft F "A"
8 Texas Ce
. . Texas A Paclfle
38 Texan ft Pae C ft O..
. . Third Avenue
100 3.60 Times Square Supply 11
1833 e Tobacco Products .... 40
100 .. Tel St L ft West ctfs 13
39)0 .. Transcontinental Oil.. 1014
313 6 Transue ft Wrr.a Steel tin
103 s Union Bag ft Paper.. 70
34ia .. Union Oil 1854
41)0 10 Union Paclfle mjfc
330 4 Union Paclnc pf 14
14)) 4 United Alley Steel.... 3254
100 7 United Drue 10
200 8.00 United Drug 1st pt... 4C
70) It United Fruit toeu
. United Rwy Invest... 1054
. United Rwy Invest pf 1-854
8 United Retail Stores.. 1354
,. U S C I P ft Fdy... 1154
8 U S C I P A Fdy pf.. 4054
. U S Express 054
0 U S Feed Products... 38),
8 U S Ind Alcohol 72 K
S
30
7
4
4
7
106
1954
t-54
48J4
2654
614
.11054
3
48K
1054
HK
43H
9
38
4754
23
27
1654
compared wlthl, 147.200 shares yesterday
600
430
60)0
300
100
100
900
13)3
730
45)0
5)0
1)0 8
2 7 J.'
300
83J1
14)0
1200
14)0
1400
10)0
100
0703
400
603
3)0
400
300
00)
310)
100
10)3
609
833)
3)0
100
100
330
10)0
Thus
..US Realty A Imp. . . 38
BUS Rubber t5K
fl U S Smelt A Ref 4854
SO U S Smelt A Ref pf . . 4 354
5US Steel t3K
7 U 3 Steel pf HI 0!J
a Utah Copper 18
0 Vanadium Cerp 48
4 Va-Carellna Chem ... 44
3 Vlvadeu Ine UK
.. Wabash 9)4
.. Wabash pf A S5J,
.. Wells Farge Express. 47
. . Western Maryland . . 11
.. West Maryland 2d pt 20
.. Western Paclfle 354
4 Western Pacific pf... 74U
7 Western Union Tel... t75S
7 Wu Inirlieusa A Brake 98
4 Westlngheuse BAM. 44
. . Wheeling A L B IV u
. . W ic-l n a L B pf . . . 19
4 White Moter 4054
.. Whlte OH Corporation 18)4
1 Willys-Overland 8
7 Wlllya-Overland pf .. 40
6 Wilsen A Ce 46
7 Wilsen A Ce pf 454
.. Wisconsin Central ... 88
5 Worthlngten Pump .. 4s;,
rer misweek. 0,091,400, Same
3
7
29
44191
BOW
19)4
VI
30)4
354
103
6
46
8954
cu
1054
6714
78
77
6354
34
254
19K
14
87K
7K
354
K
60
2B14
7K
78H
8854
31
40
ft"
20.,
S354
la
18 K
754
8754
33
13
80
107
49
M54
88
12)4
8854
H
4
87
77
6654
2714
1054
68
It
:H
39
27K
114
0
1814
3
n
1K
ic54
17K
054
48)4
26K
0654
107
100
e54
ten
CIS
103
26
te
47
1054
11.54
42H
rJH
4114
2114
1S54
1054
11
54 M
12
OH
154
76
28
12054
6
32
103
45
100K
1054
V
C154
1154
054
854
3814
71
3714
3K
48
4354
hlH
106
fs54
47
43K
UK
0
2654
7
10
19
31
74
87
87
854
854
IB
40
18K
7)4
a)4
40
8454
87
7K
periods
,8 tt
154- K
Today's Net
Clese Chie
103
67
8054 K
18 .
10 - 154
301
254- 54
71-1
160K- IK
1754- 14
5H ye
3Hr
7
1314
ej4- IK
195, - 54
38
311
54- W
108 9)4
s 54
40 - W
70
054- 54
1054 ..
8754- K
80
77
354
34 IK
20
10K-
9 -89)4
37K-
354 ..
28
18 54
83
60-54
2054- 54
7M- 54
7654 ..
6B5- l
I 71
i 354
54
54
;
r
54
54
v.
H
IK
31
ok
13
8754- K
38 - 154
13 - IK
80 H 54
107 1
40 - 354
3054- IK
801
13K- 54
8854- IK
S 54
854 54
38 - I4
77-1
87 - K
2754- 1
1054 . .
C9K- K
1 - 54
254- K
30 - 3H
2854- 54
4154- 54
8-54
1854 ..
354 54
n - 14
1SK- K
108)4 114
1854- 154
054 K
45)4- 54
2SK- H
aj4 ..
10854- 154
100 4
1814- 54
fOJ4- K
CIS -30
105 14
26 - U
1154- 54
4754- IK
1014- 14
I0K 54
K- K
854- 54
33K- K
0K 4
2154- 54
2654 ..
1854 54
11 - IK
K-1K
l-54
1054 14
154- 54
78-54
2 - 54
054- 1
C
3254 ..
103 1
48
200
105S- JS
2. - 54
0154- 54
1154- 14
054- J4
854 ..
56)4- IK
38 - H
I3K- 154
48 is
4354- n
nn- K
10654 54
S354- 154
7 M
43K 254
11K- 54
0)4- 54
2654- K
7 - 8)4
1
- 154
- 54
- 1
- 54
'54
10
19
83
7
87
87 -44
lon len
4,
m IS
601
8
854- 54
37 - im
8)4- 14
last week.
Commodity Markets
COTTON MARKET
New Yerk, Nev. 13. The cotton
marlft opened easy, nt 3 te 27 points
decline. Influenced by overnight sell
ing orders from the Seuth, Liverpool,
Wall street and wire house selling.
nnnnrent ea'slnir of the strain nnd It is 1 bearish October domestic consumption
1 . e a f i.ii 1 1 1 ll....An m nn.. iflBlhTu ciinnln nf ntnmatif
cennuciiUjr nenevra in pi-iut injnniiPii
TKa
miarturly 5'v'a'na ".2"" r" '"'ecui'rters hut money is easier ni n
S&KW.emp.nVplV.W. e'ec l '.Vgff This does net mean tner
ti ! holders 1 of Prferrea Stock of record it t- be an Immediate Mind!
alen vl riusinees ty "" .v.- -hcki will
be ntll1' " ". ireesurer.
1. M .
OCIUHLL,COAL 41 IRON .COMPANY
.l. Am.r r,in Hull llm-
l'lilladelphln. I'a.
TREnCItltEI) STOCK DIVIDEND NO S
TX quarterly dividend of 83.00 per Inn
... been declared en the Preferred Canltal
SKcH efthi Reckhlll Ceal A Iren Company!
Siyabl. Drtember 1. IBtp. te .tockheld?rs
Sfnceid at the close of business Nevernb,?
Si io"e Checks will be mailed
30, l-u- OIIN aiUlERT, Treasursr
(THE ATLANTIC HEFIN1NO COMPANY
,'?! i-Bssyunk ave.. Pnlladelphla. p.
8U November II, Hun
a meeting of the Heard of Directors
fcald NevSnWr 10. 1020. a dlvld nd e.' 1 J.i
5!l ahr w declared en th. Common HtecK
Sf "th. Vempsny. PW December 13. 1920.
Si Stockholders at the close of, business
l?-!mber 32. 1- Checks will b. mailed.
JI,yemter -. AMDEnseN Secretary
rWff
NBKTH rllllMIEI.I-HIA TRUST CO,
,S yhlladeipnu, rneie neur "in.
Beard ei ,u "?Km " 1"1"
a Quarterly dividend i.
i, ...)
M wim
; ' A. K,ajsBBasBr"1
' ' . VAr4aBJKef'Xsa '
l inuni w
bur nth, lv-JO.
eay d.
navabla
1920. te SVX-U f reee'd
n, trheeica whi-d. mailed.
elrc'es that the worst side nf the credit
situation has been seen. This te some
extent Is confirmed bv the remark mnde
n few davs age bv an offielal of one of
the lesd'ng lennlng institutions lie
1 said: "The menev market Is net easv
per cent."
ere is going
ng of rates
en eltner nemnnu r unit.- inunev.
it It does mean the Juncture
has been reached whereby thp lennlng
Institutions nre In better position te
sunply the needs of thn time, whereas
net long nge tims leans were unobtain
able nt any rate. If the peak of the
credit strain Is behind us, ns Intimated.
It will be smoother sailing In the near
future. While It Is a ray of hone It
wi'l npnnrently be n censldernble time
before liberal stock mnrket accommo
dations will be obtainable.
Receivers fer1 Fisheries Companies
ew Yerk. Nev 13 Hen-ml fl V
nnethnls, nresldent of the Fast Coast
Fisheries Ce and Fast Coast Fisheries
$&, Ce and Harry M Verrlll e'
Portland Ma., were tedav appointed
cn-rei-etveni for each of th-se com cem
nnnl The assets of each company an
s",.ernl times the liabilities. It wns
stated The companies have no binir
M-HeVtiens This notion Is ths result
of Inability te renlise Immediately and
advantaieeusly en a arir Inventory of
nf.m?facTuredVedu
rfagnstlen of, the salt ft TJS;tnna
el the menay
warfcet.
figures, a peer visible supply statement,
and continued unfavorable general
trade and financial conditions.
There was a moderate amount of mill
buying te fix prices nt the decline.
Later, the demand from shorts in
creased, causing a moderate rally.
Sentiment, however, continued pes
elmistic as te the Immediate course of
the market, owing te the increasing mill
curtailment and absence of Important
foreign demand for cotton.
Cevering became mere active later In
the first hour, rallying prices almost te
the closing level of yesterday. Liver
pool and spot firm selling orders were
encountered here nnd the market turned
easy, selling Inte new low ground for
the day und Beasen, with May drop
ping te 17.00c, or 5 peIntH under the
previous low record for the season, made
en October 18.
Liverpool sales were heavy, one firm
nletie Belling 10,000 bales of January,
March nnd May.
Previous .,. . ,
UiOte UPCH ltit vjn ius
18 4) 18.20 1N.43 18.08 18,27 Old
. Ill 00 17.75 17 0) 17.04 17 7HW80
17 SS 17.78 17.70 17.00 17.fl8070
.. 17.71 17.35 17.03 17 40 17.60M00
I! 17lfi0 17.60 17.50 17 36 17.23040
10,40
Dee .
Jan
March
May ,
July
Spot,
GRAIN MARKET
Chicago, Nev. 13. -Hharp advances
were scored In the wheat mnrket this
- under a general ruu 10,1111
nyfiiV errs7" Offerings wta
morning
small buy
scarce early. There was talk of con
siderable expert business worked over
night and this caused the demand, al
though no definite information wbb
available as te the extent of the sales.
Moreover, it was believed that the
selling yesterday was overdone. Thlr
caused a techmen ly stronger position.
Underlying conditions remained un
1 hanged. Eipertcrs said that Ilrltliih
buyers were still out of the market.
December started at $1.78 te $1.82,
against $1.78 at the close yesterday.
Match opened at $1.70 te $1.72Va, com
pared with $1.09 at the end yester
day. (Virn nlse was firmer In the earlv
trading, but there was net much fea
ture te the dealings. Gains made were
chiefly in sympathy with the strength
in wheat. December opened at 71;dc
te 70V?c, against 74 Vic et the close
yesterday. May started at 70 c te
80 Vic, against 70c at the end yester
day, July opened at an advance of
Vic at 80c and moved up te 81c.
There was general buying of eats and
the market was firmer In tbe early
trading. Offerings were small.
Decrtnber opened at 48c te 48c,
against 48Vsc at the end yesterday, and
rune te 4UVhC May opened at 33c te
.Wjc, against MVic at the close )es
terday, and later sold at MVnc,
DANK CLEARINQ8
Hank clearings today compared with same
day last two years!
1020 1019 1918
J'hllu... 78,210,88)
riAlte.. 18,188,167 18,758,248
N. Y. . 727.8B1.C11
Ilosten, 04,482,884 78.466,871
PAR SILVER
Demestic bar silver wag unchanged In
New Yerk today at s9V?e: foreign was
down 1
Was K
FOREIGN EXCHANGE
New Yerk. Nev. 18, Opening figures
for foreign exchange were higher, par
ticularly In the case of lire, which
showed a gain of 42 points from yea
terday's final, at 3,50 for cables and
3.49 for checks Sterling was higher,
at 8.37 for demand and J.374 for
cables. Franca showed a train of 10
centimes from yesterday a close, te 8.8S
for cables nnd S.82 for checks.
Other quotations were:
Swiss cables 15.31, checks 18.82;
guilder cables 29.80, checks 29 70; pe
setas cables 11.85, checks 11.83; Stock
holm cables 18.80, checks) 18.70; Chris
tlanla cables 11.10, checks 18.00; Copen
hagen cables 11.15, checks 13.00; Bel
gian cables 6.16, checks 16.15; marks
1.19.
With the exoeptlen of Cxecho-Sevakla,
which was somewhat stronger nt 1.04 VS.
the Central European exchanges were
neglected and unchanged.
The premium en New Yerk exchange
In Montreal today was a shade easier
at 11 H per cent. Discount en Canadian
exchange In New Yerk wan 10 13-16 per
cent-
About the end of the first hour, ster
ling shaded from the earlv high figures
Cablen, after touching 3,38 U. receded te
1 17 94. and demand from 3.3794 te 3.37.
The reaction In the ether nlllert ex
changes was mere Important Quotations
were- Demand sterlln-r "
13754: frane cables 6.80, checks B.79;
lire cables 2.48. checks 3,47; marks
1.1TV4.
YEBTKnDAT'8 PINAL QUOTATIONS
Sterling Francs Lire Qulldere
Demand J BJVt fl.70 8.45 20 s
Cables ...... 8.S7H 5.81 8.47 20,75
TODArB OPENINO QUOTATIONS
Sterling Franca Lira Oullders
Demand . 51.. 9'5i ? .
Cables
a.atK e.m
a.te
CLOStNO QUOTATIONS
ea-SiW. VJK"- .fj"l
20.80
IS
ir
'I ?"Jd!i
TRADERS ON CURB ,
DISPOSED 10 WAIT
Improvement en Stock Ex
change Needed te Stimulate
Outside Market
New Yerk, Nev. 18. There was n
firmer tone te the trading en the Ilread
street curb today. While stocks were
In fair demand, there was little vigor
shown te the buying, a disposition pre
vailing te wait for further Improve
ment en the stock exchange before
making extensive commitments In secu
rities in the outside market.
General Asphalt made a moderate
advance in the early trading and a
fair amount of business was transacted
In General Electric rights, at 2
and 2V).
Carib Syndicate was In continued
supply, falling from 11 te 11.
Slmms did net show any rallying ten
dency and was traded in at 7 nnd
roekb-n Cltv Railway Sold nt 4Vi.
North American Pulp was steady at
4.
INDUSTRIALS
High
Acme Ceal
iiroeklyn city Hy
Kmptre Tube . . . .
Usneral Asphalt
nevaen cnem
fleyi
indl
an Packing
i&
If)
42i1
"11"
Garland Mts
General Else rights
North Amer Paper .
Perfection Tire . . .
ttadle Chem
Radie Cem pret ...
R J Remolds (new)
Rey ds Franca 4
Empire Tube 18 1
Sweets Ce 1
U a steam 1H
United Profit Sharing ... 1".
United -Ret Candy 8
INDEPENDENT OILS
Allied Oil 16 1
Ilosten Wyoming ..,.,.. II
Carib Synd 11 1
Cushlng Pete H
Denny Oil 1H
Elk Hasln Pet 8S
Engineers Petrel li
Federal Oil 1'Vi
Kay County Qas 1U
.Merritt oil
Mount Pred
Omar Oil
Producers A Ileflneie
Salt Creek Pred ....
Blmrne Pet
Bkelty Oil
Snencer Pet
Union Texas Oil M
Victeria Otl new 1
MININQ
Alaska Or Columbia I
Uoelh 4
Caledonia Mining 18
Candelarla Mtl'rg , 20
Cens Virginia 4
Certes 8ller 64
Cressen Oeld IV
Divide Ext 37
Dundee Arliena ,1V
Eureka Croesus 40
Eureka Helly 1)
Oeld Cens 0
(loin Deeloement 1
Ooldfleld Florence IS
Ueld Kewanse 2
Oeld Hllver lick a
Oeld Zene 20
ureat liend 1
Emma Silver 8
Hecla Mining 4(
Iren rjlotsem
Jumbo Extension n
Knox Divlde 7
MacNamark '
MacNamara Crescent .... l
Marsh Mining 12
Mether Iode RA
Mether Lede new M:
Nlplsslng St
North Star 4
Ophlr Silver
i-rinee con v
Ray Verde If
Rex Cens 6
Rochester Mines 8
Repe areup ,'
Ban Tey 0
Hlher Klrnr Divide 2
Stand Hllver Lead
fiuccera Mlnlnr 2
Tonopah Belmont 1
i onepan uasn jiey e
Tonopah Divide .. ...... 1,'
Tonopah Extension IV
Tonepah-JIm Rutler 18
Tonopah Midway 8
i onepan. .iinpan
'ronepan itescue
u a uent
United Eastern
West End Cens
Wllbert
Eula
IIONDS
Allied Packers 0s ..
Anaconda 7s. 10J0 . .
Angle Amer Oil 7tts
118111 Steel 7s
C C C Bt L C
Diamond Msch 7Us .
Uoedrlch Tire 7a . . . .
urand i runK 7s
Merris Ce TH
Seaboard 0s
Sinclair 7Us
Hehav As
Texas Ce 7s
union Tank 7s
Weatern Elee 7s ..
Norway 6s
Denrnarx s
out
no
oev
100
Sill
100
0U
tee
Philadelphia Stocks
. Net
IOW Clen chre.
flSAm Strs. 52 81'A BlVa-r- V.
nOAm8&CHV. 1VA ll(J-L ii.
.-a .TV '- '-
ItiU iIQ llffjru
High
205 Am Strs. 52
pref ... 22
200tAm Inter 53 U
lOOfB 4 O. 30
315 Rl Ster..ll2(?
lOOtErle .... 14
100 Gen Asph 47
44 de pref 85
200tKenn Cep 20
125 Lake Sup 10
60 Leh Nev. 73
50 Leh Val.. 50 Va
801 Pa R R. 41 Vi
5 Pa Salt. 00
CO Phlla Ins
Wire... 51 VI
110 Phil Elcc 234
845 de pref 27
220 PUT... 17
150tReading. 01
lOOtde 1st pf 04
1000 Tone Bel. 1V
185 U O I... 30V
22 22
55 55 1
i?? i??z 8
4 47
85 85 . .
3 $?.
50Vs 60i,
00
CO
23
27
17
00 Va
5JS
30
51 Va..
n-r, $.
aJArft
Total sales. s.nve snares, compared with
!s7.7.ihVM "lSrd'r' Thus far this week
58 208 shares. Same period last week 88 -668
shares.
tNet chature made by .comparison with last
sale en New Yerk Stock Exchange.
Bales In
I1OO0
dendb
High Lew
Clese
12 Bell Tel 7s..l01Vi 101 V4 101 VI.
1 Lehigh Nev 7
cons ivaB.. him, mv, 84.
IUS
Net
chge.
42 Lib Ben
2d 4Vis
O 3d -I'is
OR 4th 4V4n..
14 Va Vic 4s..
J. 1
80 54 80.40 80 50 .50
88.90 88.70 88.70 1 10
87.04 87.00 87.00 .22
00.22 00.02 nn 04 m
Pcnna Ce
cons 4VSs.. 00 00 00 . .
5 Pa R R 7b.104 104 104 M,
1 Phlla Ce ' ? re
ams Bs... 77 77 77 ..
4 Phlla Elec
lht 5s.... 85 85 85 ..
1PB&W4S. 83Vi 83V4 83Vi
1 Read'f g 4s. 85 85 85 ..
Total. I146.C00, compared with 161,050
yesterday. Thus far this week. 1789,909.
Bame period Isst week. 1650,150, ""'""'
NEW YORK COFFEE MARKET
New Yerlt, Nev. 13. The Braill
cables were ngaln disappointing te the
local trade and pn the call prices were
0 te 14 points Telew the clesiug yes
terday. The selling was from scat
tered sources, while much of the buy
ing was from local shorts.
The world's visible supply as of No
vember 1, was placed at 8,370,804 bags
showing an Increase for the month of
October of 82,480 bags.
Test
close
6. U5
6.80
I'
7.A5
7.57
7.72
7.87
BUI
Open High Lew Clese
Dm",' 675070 (US 6,75 0 8)8(14
Jsn.. U80 7.05 7,02 7.0)flS4
Peb 7.27ffsen
March. 7.48050 7.67 7,67 7 52Aas
April., ,. 7 fUOiin
May..! 7.ilfi86 7.88 7.80 t.82e88
June.. ,, ... TSTrl
.Tilly.. B.10O18 8.16 8.12 S'lsSlJ
Aug,
&.". v.tim- :u ni g
Oct,
,, ...,i
MMi
pas
n
45
NEW YORK BOND SALES -
Summary of Individual Transactions en New Yerk Exchange
tSALES IN 11000)
Alaska Oeld MCltV Tekle 8s N Y Chi & St
Cl or A
1 20
Amer Bmelt'g
A Re'g 6s
6 70U
5 70
Am T 4k 1 ell
77H
2...,
0...
Am T
1...,
1...,
2...,
m T
1. ,
1...,
Atmuur
77
T 6
nnvi
BO
80
'I' (1
MW
95 M
it y.
It Eat 4Hs
l.i... 1C
A T k B Pe 4
1 7(1 V4
1 70S
20 48V4
Cole 8'n4U
a 74
Cena'd Uas 7s
6.... 100U
1 100U
7.... 100H
1.... 1O0V4
Cuban C H ev
1 87
e nrn
8 87 U
4 87
4 87 U
Den 4 It U 4s
8 05 Vi
lietrult Kdlnnil
Ce 0t '40
2 91
K 81
Detroit Unlfd
Itwys 4 H
d 4
immune it
nubile 6s
6 714
Atch Topeka
8 P. ev 4s
8 08K
A T ft 8 Ke
Arliena dv
5 80ft
,ITSI' ais
1 70
Atch T A 8 Pe
E O dv 4s
n R4
6 84
Const
2 78
Atl C Line 4Vi
1 76Vt
Atl Coast L 7s
8.... 102V4
Halt & Ohie ct
7 .... 71
2 .... 71
6 71
ei u I
4 81V4
Unit ft Ohie (
2 70 Vi
Rait XrOhle 0s
1 70
1 70
Rait ft Ohie 6s
1 01H
1 01
II ft e p i.
A W Va 4
4 ASK
1 05H
1 05H
l.al ft O T.i I
1 .... BB'i
a 64
Hell Tel 7s wl
7(1 1 04H
70H.D Can 5H '31
JO
15
5
trie den
25 40
Erie R R cv D
1 47H
Erie Ry Ce 4s
8 57U
4 67
Erie Penna 4s
10 72 (i
Oen I Elect
8 80 Ii
3 80"4
len'l Elec fl
2 07 Vi
Oeve't French
Rep rets
101'i
1 ... 101 'i
8.... 101 W
2 .. 101 ii
3 ... 101
3. . 101 i
1.. . 101 ;
Mrthle'm Him,
5s of '30
1..... 76
ikvn Rnphr I
7s ct Hta
12 .... 40 W
-.11 O ft E lsl
1 .... fiOVi
anada 8'n As
0 B7Vi
enfl Poe 1st
10 72V4
10 72H
5 724
h'k ft O 4H--
OVi
.. 70
O rv '
.. 85H
.. RS
.. 86
.. ssv;
.. 85H
. . 80
.. BBH
83
10
2
Va
6...
15...
9...
1...
0...
3 ..
2...
10...
A Alten nv,
1....1 87
ilcage R'n
'uulncr 4s
30 OHti
a riau
10 06 U
2... V(1U
10 MS
20 00
( nioage a urr
Vcst'n 4s
2 66
Chicago Mil A
St Paul 4s
3 68U
8 08 U
"hleage Mil ft
StP d 4a
3 65S
Chicago Mil A
StP fd 4 Vie
1 62H
1 A2U
"hleage Mil ft
StT rm 4Vis
2 77ti
-hleage ft Nth,
W'n d '33
3 HOH
1 00H
Chicago ft Nth
W'n gm
10 7714
S .... 774
Chi Rallw's .-
5 03U
Chicago R Il'd
ft Pae fd
1 67V,
1 07H
Chi ft W I 4s
10..... 68 H
Chlle Cep'r -,
5 71W
8 714
7 71
5 71
1 71
Chile Cep'r 7s
10 05
Chinese Gevs'
IMC Rys ,1s
4 41
2 41H
2 414
1 41
City Derne 8
6 OAS
10 Sfl
6 08H
1 98H
City of Chris
tlanla 8s
2 nN
7 0BS
Cty New urh
4 v,s '00
10.. .. 89
Cty New Yerk
4Hs '68
4 08H
City Paris (is
2 04"'
4 04 t
0BS
08 S
08S
Leuli
1 6K
N Y Cennecl'g
R It 4Hs
4 78
New Y N II ft
H 8S '60
8 43H
N Y Tele's 0s
4 02
1 02
N a r ti i
1... . 70
1 70S
N'k A W c (Is
1.... 102
N'n Pacine fls
2 BOS
N'n Pacific 4s
4 77
4 77H
Or C
1 8SH
Pae T A 'l
1 71V4
Pa It R 4s 4
81
Pa R R en 4S
6 90
6 00 U
Pa Itlt gm 4
10 BlTv
0 81 'i
Penna R R
2 00
Ptnna R R
1...
1...
7...
A...
6...
7...
1...
4...
A...
1...
1.
1.
100S
100,
100 1,
100S
100 V,
ine,
100
100 S
loon
100!
100S
100
(1 Swlta'd
5.... 102
1.. . 102
6.... 102
I nd A Msn '
(It
01
.Mil
S1T4
22
22
22
23 i
1
1...,
ni fc
10...,
30...,
3...,
10...,
25. .,
1' Cen'l 4p
10 OSS
III Cent' I 5 i
1 02
Ind'a Steel h
6 neu
0 00
0 00
8 00
nlb-h M 4'
10 10
10 10
eroero Me
4'As
39
0
5... .
A
10
MKtre R
10..
10.
n..
10..
6..
M Mrrlh i
23 80
1 80H
4 SOU
I wa Cent' I 4
10V4
10',
17
1714
17 y.
T
A3
53
ASH
58 U
53H
1.,
Kn
1..
11.,
2.,
3.,
a
4.,
4.,
10.,
Kan
1.,
2.
C A
C ft
44i
f
53 S
81S
A3H
B3,
f.3Vi
33
A3
63
H I
74
74
Kan Olty Terl
Rwy 4S
4 73H
K Dels 6s '21
20 00H
K Uelg As -2
1 Oltt
K Relg-m 7ii
7 09H
1 DBS
8 QtHi
1 BOH
2 t)0U
K of Italy 6H
A 8A
Lehleh V'v n
1 981
Llg't ft Myers
T Ce 7s
2.... 104 Vi
Leu A Nah t
0 81 Vi
Leu ft Nash 7s
1.... 104
Manhat'n EV
Station 4
1 6T
HldV. Steel A
(irdln 6s
B 77
2 77V4
1 77
M ft StL en
00 '4
7011
O As
71
73
T
Afi'4
00 Vi
004
I..
4
Me K ft
1
1
M K A
12
1
18
Vn K ft T 4Vi
1 8D
Men Pnwe-
8 84
New O Tex ft
Mxlce 6s
8 59
V Y C A If n
R n en 4s
4 es
N Y C ft II R
n R As
in ... nis
2 eiu
V Y C ft II R.
R R rots 7s
4.
6...
!:
i .
10M4
102
102
102
103
102
1.
5..
2..
1..
6..
1..
t'itta
104U
. 104H
". 104 S
. 105
. 104 '4
. 104 Vi
Cln Cn.
ft Bt L a Bs
10 85
Pitts A W Va
Rwy Ce As
8 70
puDlle flenlce
C'n N J A
0 05H
Reading R i
8 80
A 80
3 B6ft
Hiding Ce .1
Otl Cel 4s
1 90
Hep Cuba 4?s
1 OSS
Republic Iren
A Steel 5s
6 80 VI
5 HO'i
S 60 VI
Rie a A W 4s
1 C7S
Rie Or'd A W
clt 4s
8 84 Vi
Reck laid Ark
A La 4 Ms
1 07
B 67
St L I'n Mt A
s-n Ry 4s
6 72A.
St L I'n Mt &
S'n Rly 8s
X 8791
St Leuis A 8
rran aj
10
10
10.. ..
Bt Leuis
1'ran In
IV.
UKelO Art' 10.,.,, ii
IUm.i., ..
U a Realty A
impv't 6s ,
6 sdk
V B Rub'r Is
6 08 Vi
4 08 U
U B Rub 7 Vis
1 BRU
s brv;
1 98
0 OS
TTd 8 Star
t 03H
16 98
W Paetlte 1st
1 84U
6 80S West Shere 4s
U a Mexico u I 2 71H
2 40 I 8 71H
10 4SUI
A I'd 1992
28 (14 S
2 04S
29 U4S
50 94H
20 04 S
U K nf O llrt
A I'd 1929
1.. .. 88 i
1 88 H
1 B0
U K of O lirt
ft I'd 1937
(1 87
8 87
1 BOH
8.... BOS
(Wt'n Union u
iTfestlnth's, a
Mfg C. t?
?.' Itu
i
1
B ....
8
tlU
9IU
H
enu
H
BSU
(AH
svii
M ft a a
Wn Pac
Wll,son''ce',ev
a an,
Zurich rets
ns
I H
8 91
Total, 10,824,000. compared
iraay. inus rai
eame period last vitelt,
088,000 yesterday,
uuv,
(SS.IIBO,
600,000.
tit
. Tift
Liberty 3Vi8 ...
Liberty 2d 4s . .
Liberty lst-lVi..
Liberty 2d 4s.
Mberty 3d 4V4S.,
Liberty 4th 4V4b.
lc Notes 8 8..
Vic Notes 4ls..
High
iiit.ne
88.88
88.00
80.00
80.00
87.10
00.00
Ufl.04
03.Ue
88.88
88.50
80.00
88.50
80.48
00.00
00.00
OS
04 S
04
A H
40.
43 .
A..
10..
2..
1..
0..
1..
10..
10.
10.
40
48 i
43
48H
4BVI
48H
4RU
4HU
4BW
48V
4BH
48 a
St L A 8 Frnn
Series A
8.
1....
3....
1....
A....
1..
6091
60S
00H
60S
01
flOtt
81 L A 8 Fran
Series R
S 74H
1 74 VI
8t Leuis ft Se
Wesfn 1st
1 60V4
St Leuis A Si
West'n 8s
i esvi
Seau'd A L a J
i anvi
2 89
Srab'd A L fd
8 42
Beabeard A L
Station 44
1 60
rn Hell Tel 3a
3 81
S'n Paclfle fd
4 75
1 7BH
10 74
S'n Paclfle 4 a
0 71
S'n Pae ev 4s
10 774
1 774
8 77
B'n Pac cv As
8.
2.
6.
10
10.
10.
10.
7.
25.
33.
2.
1.
B'n Pac
4
B'n Rallw's 4s
1 01
1 01
a ei
10 604
B'n IUIIW- t
0 8S
6 88U
Third Ave 4
4 .... 484
1 40
Union Pac rv
4 81
1 81
10 Bl
Union Pac t
1 80S
1 seu
U K of O llrt
A I'd 1921
1 98S
2 BBS
11 BBS
110
110
100
100
1104
110
1094
10S
109 4
100
10RS
leaii
T I
72
IBIS
88.88
88.80
8(1,00
88.B0
$.48
(10.00
00,00
DROP IN BANK CLEARINGS
Exchanges Throughout Country
Shew Leas of 14.8 Per Cent
Philadelphia followed the ether clttn
of the country this week In' showing 6
tens In bank clearings, although the tee
here wns less than any ether of Ut
eastern cities. Only one city, Pitta,
burgh, showed a gain. Total clearlnp
In Philadelphia were $808,400,172.
compared with $410,210,883 this week
last yenr, or a less of 0 per cent,
Aggiegate exchanges of nil the cities
In the United States, an compiled b
the Commercial and Financial Chron Chren
He. were 38,487,101,402. against $9,.
058,170,008 for the corresponding week
in 1010, or a decline et 14.8 per cent.
Comparisons follew:
,e,n ,e. DTHSr.
. i.ai (-.aa nin nie 4j1 ana is .
INUtt ierii)t.iw tjw,'i t-i,n.)D,4 4t,iM
vir,uiiiui mia,usir,urlrj
twit
riT.n1n.75n
600,6II2,A64
i
107.010,720
132.A28.712
120,400 een
1B8.788 61ft
85,000 eoe
n eiri sin
63,023.483
I
A03.B4e:ririA
4ie.8iii.ti.
aio.nas.nne
20Vt92.tt7 lis
lAt.lOS.Iig ill
138.H3 9 t J
184,164 4117 !;
05,312 3111 ill
78.473.0(7 1l
Chlcase.
Phlla. ...
Ilosten ..
Kan City
st. r-euis.
Han Frnn.
Pittsburgh
Detroit ..
nslt'mnrs.
N. Orleans
Increase,
u
Railroads Plan New Ffnanclni
Wnshlngten, Nev. 18. The Chesipealr
nnd Ohie Rnllread Ce. asked the inter
(e remmerc Cofnmlnsleh today for
authority te llsue common capital iImx
te the amount of S80.22S.000 te be uirt
for the conversion of a similar amount
of outstanding 6 per eent geld hfindi
maturing In 194. fhe stoek would be
issued from time te time until April
1. 10S8. Approval of a government
lean of $9,830,000 te the New Yerk, New
Mnven and Hartferd Railroad te til
the line In obtaining equipment ana
iir'ncr imnrevement; nt ,n total rati
mated cost of V1S.B25.000 was in in in
nouneed today by the commission. The
eemmlsslan also approved a lean of
ti 840.700 te the Erie Railroad, which
nlans te spend $6,680,000 In reconstruct.
In freight train equipment and making
nprevements.
Geerge K.Watsen & Ce.
Certified Public AccetmUnti
Fderal Tax Cenrahanti
Real Estate fruit Bldg.
Philadelphia '
BOND SALESMAN
TO DISPOSN OF LIMITED AMOUNT
OF. STRICTLY HIOH-CLABB JUOND
I81UE TO CLIENTELE. CAI.U
LOCUST 0480. OR HIS STOCK EX
CHANOE DUILDINO.-
Pitts., Cinn., Chic. &
St. Leuis
5 1970 Scrip
CHARLES FEARON & Cft
3.13 Chestnut Street
LEE, HIQOINSON & CO.
Eslabllshsd 1848
BOSTON NEW YORK CHICAGO
Lawrcaee E. Brown i. C.
CERTIFIED rUBLIC ACCOUNTANT!
laaa nseat. ver.eff iwtim nfgin.
Inveaturate and aiUnrt.prtarrahlF- sj4l
reparatloe itmnnii. Alsai pcsre C, 8,1
frill.. lie Ta. Sy-M-
IS--. " -- ' """ I
t.wtaT. vrixin-ie
IM54 BEALRUILDINO AND liOAN ASAO
l rriTinv
Netice Is hereby frlven Ih&l STeclal metl"
Inr of th stockholders nf the REAL DUItD-
INO AND IX1AN ASSOCIATION wll 1
held en Tnendar. nnvnnhn lltJl. IBTO.
o'clock p. tn.. at Roem 400. West End Trni
i.i'iiiiiiiK, I'niianeipnin. rer tne.purpwi.
adopting a new set of by-laws rer tne
uisociauen.
CHARLES de TOUNO.
President,
II. 1. de TOUNO.
Solicitor.
IU-
m
New Issue '
U. S. Treasury
5 Certificates
Dated November 15, 1920
Due May 16, 1921
Price Par and Accrued Interest
Subject te Allotment
Telephone, Spruce 1480
Commercial Trust Company
Member Federal Reaerve System
City Hall Square
ii . I
HIT 1
jui- j iiT!aa-s. - 'uta!"ti9')- -A
necreiary.
tie tintne
.?,.
.ftl
wi--T
.
UtlXi
eV
JliJ
4
"r 'Tim&?f'
VPr
w
.& rSMT" --H ,
t ).
pES1 ZJLmmJJi kgi
jb .. M' ?,K.,if '.'w!l1". l. 'tW