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EVENING PtJBtie' LEDGER-WlLADELPHil. TUESDAY, ritil&Efe 7, 1920
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till l '
lift , , ,
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"l .it
lb" i
m
1 l-'l
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Bfr (
F I'"' '
ki IRE WEAK SPOTS C
UNCOVERED AGAIN
for Bends
Bend prices are low. Ne
one disputes it. That
they will eventually
reach higher levels is
also true. It may take
longer for prices te ap
proach normal than some
authorities believe, but a
geed long term bend
purchased new is the best
kind of investment for
the average individual.
Write or tircular .Ve O-02
GHANDm&GOMPAHY
Franklin Bank Oldg.
Philadelphia
NEW YORK STOCK EXCHANGE TRANSACTIONS
New Vnrk
Veer Tfiven
nlnn
The Trend Toward
' Public Utility
Investments
During the war public and
railroad securities were in much
the same position. There has
been a distinct improvement
in the position of rails, and new
there is an undeniable trend in
favor of public utilities en the
part of investors as a result of
stabilized earning power and
the present attitude of public
service commissions.
Write for Circular Till), ichlrh
(.'fsnilirs eh attractive public
utility secured 110U yielding e ue't.
Bonbright & Company
437 Chestnut Street
Philadelphia
Chicago
Detroit
-lew Yerk
Bosten
!
s i
Chemical Shares and Other
Speculative Specialties Under
Continued Pressure
New Yerii, l)re. 7. Tlie gentrnl
rhiiiacter of today's Meck market dif
fered sllghtlj from tlint of yesterday
or nny of the Immcdintc sessions. The
nay's eperntlntix were once mere marked
by considerable irresulnrit. New
points of venktu'H erejiped .)iit nt dlf
felent InterviiN, uhleli were in n mt'nK
lire partly offset by ubstntitliil reenv
cries niiide elsewhere en free eeverltiR
of the short iuterest. Steckx whose divi
dend prospects nre regarded n some
what iliibieus were (dueled out for preH
sure In line with the recent procedure
of the bear enntitiRent te uncover spots
and nNe t'er the purpose nppnrently of
fneilitutltiK covering of nhert centrnctH
elsewhere.
The Miering clmracter of the mar
ket, epecliill during the innniltig.
uieasiiixl h fanner accepted ru'es and
prcddints, suggested the traditional
hesitancy of Wall street te await the
pub ii 'itinn of the President's message
te Congress. It Is doubtful, however,
win the. th. ordinarily Important docu
ment, as well as ether outside e.indi e.indi
llens, exerted ether than academic in
terest. There was, nevertheless, a con cen con
snieueiis disposition te mark time until
the character of the 1'residcnt's sug
;istinii were known.
Much the same as in the preceding
-essiens tlie market was almost under
lie complete domination of the profes prefes profes
lenal traders. While the depressing
t.utics (if this element may have been
iiirtlj rcspen-lb'e for the ragged ronill renill ronill
len of the maiket. there was at the
..11111- time undispiitable evidence of
ntitiiiiifd liquidation. Seme of this
is voluntary and a great deal of It of
an enfeiceil character, lleshles there
was also absolute proof te show the
.Market te he extremely thin. This was
specially true us te many of the in
lustrial specialties. The mere seasoned
issues of both tlie industrial and rail rail
lead list en tlie ether hand evidently
enjoyed a strung bulwaik in the exten
sion of the short Interest in yesterday's
ate shakedown.-
In addition te tlie technical weak
ness unceiered in the industrial division
tlier (lepre.s.ing elements developed in
fhe freh heaviness of fmeign exchange,
with sterling breaking r points under
c tcrday '- riual rate. Tlie commed ty
.narkcts uWe had a sinking spell, indi
cating much the same condition iu
jrain as cists in the security market.
'lint is when the requirement!) of the
xtended bear account are taken care
of, the buying power otherwise is found
I te he extremely limited. Call money
i rates were unchanged at 7 per cent,
but freer offerings of time funds into
I the (eining year were icperted.
Heaviness of speculative issues, par
ticularly the chemical croon, contrib-
utul te the lower trend et prices af the
opening, but the market a a whole
MM, tmil'it iecnifii 1t 1itti ic..,.1- ...! I...
I ..-.., "Uriiiiui 1 1141 II --l, HUM I PI""
fore the end of the first half-hour a
I general recovery set in. The progress
! of the movement, however, was quickly
sunned uy tresli weakness, wliieli tie-
A REAL BOOK
OF GRAPHIC CHARTS
Fer the convenience of investors and ' .''lul"'(l. rdly in speculative special
traders who deal In stock exchange J"4- , i'".'"-. Ainerfcnn Agriuiltural
issues. We haxe had prepared a real &,' .p"1!-'1 rMIf"pr,l?.nf,hT ,inrp
... .. . : ' . . . ., ilecllne, l,. . i-oed I'red cts lolmcce
book of graphic charts containing 87 Vrmw.tHt Industrial Alcohel: Willvs.
pages of graphs devoted te price Oveil.niil nrefer.-eil n,nl K-..IU .Mi.i-i,',,..
ranges and volume extending ever a nr,l Tire broke 1 te !l points,
period of 23 years. ' I This was balanced in the second hour
AH active market leaders are cev- by vigorous buying of the rails and oils,
ercd, and In addition there la a Mexican Petroleum rising fi points, Pan
wealth of statistical Information and American and California Petreleums,
late data. -; I.ehigh Valley. :t,; Heading, Hf,
While the edition lasts copies will be and Southern Pacific 1. Fice covering
Kladly sent en receipt of 10c in in uie snippings loneweu wnen Atlantic
atamps te defray coat of mailing.
Write for K-10.
GUTHRIE & McGOVERN
Mrmlirr Phllu stork Krrmnice .
1130 s-eutli I'enn ha . I'hlln. I
Pprurr 04 10 Huff 300'J
w Aerk 32 Rrend)rA7 ,
(itllf rose 4 points aud I'nited Truit
l'j. Steels and equipments also hard
ened en better support.
DROOPING PRICES
IN LOCAL MARKET
Specialists in
OHIO MOTOR. RUDDER
AND STFEL SECURITIES
COMPLETE SERVICE
In All Ferms of Invettment
Main Departments
Investment, Brokerage
Acceptance, Liberty Bendi
Foreign Exchange
Statistical, Ohie Securities,
Extensive Private Wir
Connections
Members of New Yerk and
Other Principal Stock
Exchanges
OTIS& CO.
Inveatment Banker
CLEVELAND
fiew Yerk Bosten Detroit
Clr.clanitl Columbus Teleda
Akren Toungstewn Denvr
Colerado Sprlnirs
United Gas Improvement Made
a New Lew Recerd for
the Year
BANK CLERK
EXPERIENCED
of
National Ilanli n .rt tl- s,.i,
r:ierk. nbfjut thir'. (li y.n's nt
te act as chief ( lerk knnuUiltr. of all
desks and -itil'lty t sine r is- and
direct the work of .ill..',, f.nci of
thirty required 1'ieas.i personality
a great hsri'I Te such a person a
lioslilen wnh geed salary and opper.
tunltv is open
Address In con(l(l-iii .'
jie.v li-siJ, i.i:d(.i:h erricE
Phila. Elec. 6s. 1922
Brooklyn Edisen 7a. 1940
Conemaugh Pr. 8s. 1930
Niagara Falls Pr. 5s & 6s
Sun Ce. 6s, 1929
The weakness of I'nited fins Im
provement, which made n new low rec
ord at 2W. or just half the top price
of the year, was the overshadowing
feature of the day's trading in the local
ma rket The fresh outburst of liquida
tion was without definite explanation
ether than the inn ashless ever the
prospective redui tien in the dividend
rate when the directors meet tomorrow
Tin- action, however, was forecasted
some time age by the frank statement
of Samuel T. Iledine, the president of
the con. p, my. Kven If the rate is cut
in half te I per cent, as many predict,
the -tock would have -eem te have dis
count! d -mil n ent some time age.
With the exception of I.ehlgh Vnlley,
which has entered the group of se-called
segregation -tuck-, the general list
slmwi-il the .ami' disappointing, as well
as iriitatmg. dioeiung tendency. While
the maiket, in the parliimc of the
street, wa- full of .stixks, the further
nrlce reies-ien resulted mere because of
the extrunely thin and narrow charm
ter .if the market rather than because
of urgent selling pressure.
There was in consequence, a frac
tional -hiuling of priies prettv well
n'eng the whole line. These declines
wre generallv a matter of N- and Hs,
hut in many (a-e- (arned the local
-iiar''- iXii'i' i lii-e te. or iqual te the
low prn e- of the y tar.
FOREIGN EXCHANGE
New erk. Pec 7 With the exrep.
Hen of -' .indln.iv Ian and Hwlss the for-
ln . ,li!iee market opened weak. De
in.icd st.rling at HIT, for detnan I
hewid .i ! ss of lc from yesterday's
final i al'l. s wre 3 4 1 Paris showed a
ie-s of ij joints at 18. for cahl. s and
r. 1 for lIiis ks Lire were down 3
points te 3.ISU for imIiUk and a 17
or checltii
Ouet.it Ions were'
Sw Let i.ihles 1" Ti hecks 15 55 . guilder
i aljl-s in'-, (.leiks .te., pesetas cal'li i,
ij'i.' i hei ks 12 'in. S'oikhelm cables
'i .10 (hecks 15 25, Chrlstianla cables
14 ;n. eheeks 14 15. f'epentuigen cables
1110 checks 14.25; Belgian cables
ii J(i , ilniks fi '.'0 , marks 127
Ylrl.ItlY 1 FINAL QUOTATIONS
I .-trllnK KraniH I. Ire GullfWs
; Tliliin I .1 )"' -1 4 3 ! .10 HI
(.,!!, I PI', :. (el '1 .Ml 30 111
TUl'AYri (lIT.NINO yl'OTATIU.NS
SO-rllriK KranrH I.lre Oullilcr"
li.mun.l It)'. "'Sl .1 17', .'in In
Oa tilis 3 11 : "i 3. ls't 30 ."0
"Lecuit 0101 Land 7i'e Bldg. ,u M
A'ew 1'erfc Tel Connection, Canal WIS
Phlln. Elec. 6s, 1922
Pennu. Wnter & I'r. 5s, 1910
Lukens Iren nnd Steel 8s, 1940
Gillette Surety Ruzer
BOENN'NG, GARRISON &C0.
HTOCK I'M'IIAMIK lll'ILUINO
DlrKt I'rlviits Trleiiliuns e New Verli
. ..nLr Vhlln. Stetk Kahu
Dlv,
I" " Jtli-h
(1 Advance Humcly pf.. &nyA
4 AJax "lubber .1314
.. Alaska Juneau a M.. 1 V
.. Alnskn Oeld Mines.. l4
.. Allied Chem & Dye . . ft'Vi
4 Allls-Chalmers 31)4
Am Agrlc rhem B5i
Am Agrle Cliem pf... fit
.. Am Can 20'4
1 Am Can pf flOJJ
a Am Car & Fdy 1?14
7 Am Car & Fdy pf....tl0i
.. Am Cotten Oil 1014
0 Am Drug Syn 7j
. . Am Hide & Leather. . H'a
1 Am Hide A Leather pf 4SH
4 Am tce 41 V
.. Am Internat Cerp ,. 40"j
s Am Linseed 01 Vi
6 Am Locomotive 84 "4
.. Am Safety Itazer.... "i
.. Am Ship & Cern 9ft
4 Am Smelt & rtcf 40ft
1 Am Smelt & Hef pf.. 86',
3 Am Steel Foundries., art!
7 Am Sugar Kef 03V4
7 Am Sugar Itcf pf. ...102
10 Am Sumatra Teb.... 74 X
8 Am Tel & Tel Q0yt
It Am Tobacco 117 '
12 Am Tobacco D Hi
0 Am Tobacco pf new.. 00t4
7 Am Woolen 73 Vt
1 Am Woolen pf C3H
. . Am Writing Paper pf 30J4
.. Am Zinc Lead A Smlt 7
4 Anaconda Copper .... 30J4
.. Assets Realisatien ... 2Ji
4 Asse Dry Goods 21 Vi
fl Asse Iry Goods 1st pf 54
0 Atch Tep & Santa Fe H3J4
B Atch Tep & 3 F pf . . 7(t-
.. Atlanta Blr A Atlantic 0J4
7 Atlantic Coast Line.. A7V4
.. Atlantic Fruit 11JJ
.. Atlas Tack Cerp 19 j
10 Atl Gulf A W I S S..114
Atl Gulf & W I S S pf 00
. . Austin Nicholas 13
7 Baldwin Locomotive . 05J4
.. naltlmnr A nhlr, . . . ay
100 2. se Barnsdale Class A.... 30
300 8 Barrett Cn ctfii nt riehllRli
. . Barrett etfs of deb pf 1024
. . Bethlehem Meters . . 3
7 Bethlehem Steel 7.. 00 V4
8 Bethlehem Steel B.... 6SH
. . Beeth Fisheries 3ft
. . Brltlyn Ilapld Transit 10 H
. . Bklyn n T ctfs of dep OH
10 Burns Bres 80
.. Butte Copper A Zinc, fift
.. Butte A Superior Cep 11
. . Butterlck 10"5
. . Cadde Central O A It. lS'a
e California Packing .. HVZ
.. California Petroleum. 24J4
10 Canadian Pacific . ...ll."?i
7 Case J I 1st pf 81
.. Central Leather . ... 39'
7 Central Leather pf . . . 00
4 Cerie de Pasco Cep.. 20
10 Chandler Meters .... 78
4 Chesnpeak" A Ohie... 02H
Chicago & Alten 8!4
Chicago & Great West HH
Hnlei,
100
100
800
000
SOO
BOO
t-oe
200
010
000
400
100
BSOO
800
200
400
200
321)0
400
300
1400
1000
BOO
100
000
300
100
000
2000
000
400
100
0300
100
200
200
200
100
200
100
700
'000
300
100
100
200
42110
000
100
coeo
3100
100
200
800
2000
BOO
700
100
200
200
200
100
300
700
7000
300
1110
2200
100
100
800
100
100
1000
400
3000
1800
BOO
100
1000
300
200
100
200
3700
3B00
100
2S00
100
200
2000
100
400
200
700
700
200
100
7000
100
2 Chicago A Ot West nf 20 V,
.. Chicago Mil A St P.. 30 j;
.. Chicago Mil A St P pf B0 ,
Chicago Northwestern 74 J4
8 Chi Pneumatic Teel.. OH
. . Chi II I A Pac 30
0 Chi It I A Pac 6 pf 06i
7 Chi R I A Pac 7 pf 774
B Chi St P Minn A O.. 69
7 Chi St P Minn A O pf 93
.. Chile Copper 8ft
.80 Chlne Copper 18H
8 Clev Cln Chi A St L pf 00
.. Coca-Cela 22V4
. . Cel A Southern . ... 28J4
8 Columb Gas A Klee. . 57'a
1 Cel Graphophene .... 13!4
4 Cemp Tab Records... 39Ji
7 Consolidated Gas 804
2 Cen Interstate Cal M 1'fy
3 Consolidated Textiles. 20
7 Continental Can Cj
1 Continental Candy ... B'i
B Continental Insurance 07
4 Cern Products Ref... 73
7 Cern Products Ref pflOO
S00 2.80 Cosden A Ce
3100
100
4B00
000
33
8 Crucible Steel 01 3J
7 Crucible Steel pf SS
. Cuban Cane Sugar... 24 ft
7 Cuban Cane Sugar pf 08ft
400 7 Cuban Amer Su:ar... 31
200 1 Davisen Chemical ... 30ft
300 .. E?ener A Rie Orande 1
2100 .. Dener A Rie Or pf. . 1ft
400 l Deme Mines lift
100 .. Duluth Se S A At... 4
400 . . Krle 14 ft
1000 .. Trie 1st pf 21 H
100 .. Iirl,. 2d pf 14 3J
BOO 8 Famous Players L. . . B4
100 7 Federal Mln A Smlt pf 28
100 10 FlHher Bedy 88ft
4700 8 Fisk Rubber 12H
BOO .. Freeport Texas .... 10ft
COO .. Gasten Wms A Wig.. 3ft
3.100 8 General Electrla 129ft
2000 .. General nice rts 4
8100 l General Meters' 1SK
100 6 Gen Meters deb Cr.. 0BJJ
400 7 Gen Meters deb TTC.. 73ft
300 8 Goedrich B F 43
100 .. Granhy Consel M A M 10ft
400 7 Great Northern pf. ... 7?i
2U0 2 Green Cananea Cep.. 20H
200 . Gulf Mobile A Ner i)f 21 'i
100 4 Haskell A: Barker Car .17 ft
200 .. Hendee ctfs 10ft
100 0 Homestake Mining . . B3
000 . . Housten Oil S7
100 1 Hupp Moter Car 10J4
100 3 Hydraulic Steel 19
1000 oe Indlahema Ref .... 7
1400 4 Inspiration Cen Cep.. 32ft
2000 .. Interb Cen Cerp ... 4 14
1000 .. Interb Cen Cerp pf. . . 10ft
300 .. Internat Agrlcul 13ft
300 b Int Agrlcul Cerp pf.. B2ft
1000 7 Intl Harvester Ce.... 07JJ
400 .. Int Mer. Marine U?j
100 0 Int Mer Marine pf . . . 83
200 .. Internat Motertruck 30J4
line ,. International Nickel 14v4
1400 .. International Paper .. 42
000 .. Invincible Oil Cerp... 24ft
1000 .. Island Oil Bft
low
BO ft
33 ft
l'ft
1ft
fit ft
nn
83 ft
81
2Sft
80
mft
"Oft
1714
7ft
8ft
48
41 ft
40 ft
01
84 'A
H
4BH
80 ft
33 ft
93
102
71ft
0SW
11014
1I3W
90 ft
71
0354
30 ft
7
3S?4
2ft
21ft
84 ft
82 ft
70 ft
Oft
87 ft
II ?4
10ft
109
00
13
01ft
30
30
"8ft
102 ft
2ft
00 ft
44
3,
10 ft
OH
80H
B
11
10 ft
1S
03ft
22
US ft
84
38H
90
29H
709i
02 H
8ft
8ft
20
30
49ft
74
08
20 ft
00
77
00
03
8K
18 ft
00
21
28 ;4
B7
13
39 H
70H
7ft
1034
c.l
5ft
07
70
100
3lft
93
8B
22ft
S
30 ft
30 Vi
1
ft
11
4
11
20
14 34
B3H
28
88ft
"ft
10
3ft
129
3ft
IB
0SJ4
73 ft
43 ft
10ft
7ft
M
24 ft
67 ft
16ft
43
8.14
10 34
19
0ft
32 ft
4
10
13
40 ft
97
14ft
43
30 ft
14
40
3T4
Bft
1
1:30 Nt
I,at Chgn.
80ft ft
32ft ft
l'A
1ft-filft-31ft
20 ft
SO - 1
135ft- 1ft
110 ft 1ft
10 1ft
7ft- !4
8ft- ft
4Sft- ft
41ft ..
40 H .
01 1ft
8ft
934
H
45J4 -80
ft
33 ft
03 ft-
102
lift- 2H
neft ft
110ft- lft
H334- H
00 ft ..
71ft- T4
0334 ft
30ft- lft
' 7
30
2ft-21ft-Sl
83 ft-70J4-
0ft
87 ft
113
10 ft
tllft lft
SO
1,1
OS ft 4- ft
37
30
11834 -
102 "4
2Ii-
oeft-f
BBM
3J4-
10ft
0H-
80H-
Sft -
11
10ft- ft
ISft-r H
01ft- '4
21ft 234
11S34 H
84
39 ft
00 20M
78
03M4-8ft-8ft-20
-3034
ft
08 -29H-00
-77
-00
-0.1
-
1
Salt
600
200
1006
2000
Dlv.
In I
HlKh
Kan City Southern,.. 20ft
4 Kansns City Seuth pf 40
4 Kelly-Sprlngfleld Tire 40
2 Kennrcett Copper . . . 183!
2000 l.je Keystone T A H,.... 8ft
1000 a 'Lackawanna Steel . . . 44 ?4
3400 8.80 Lehigh Vnlley S3
BOO 12 Liggett A Myers 140ft
ISO 12 Liggett A MyeTS B..138
1000 2 Leewo Ce 17ft
400 . . Left Cerp 9ft
200 12 Lerlllard Tobacco ..130
100 7 LeuIbvUIc, A Nashville 101 ft
200 0 Mackay Ces 88
100 . . Malllsen A Ce II R. . 13
100 1.7R Manhattan Shirt .... 10VJ
100 2 Marlln-Parry 14
100 . . Maxwell Moter . .
400 8 May Dept Stores..
20200 12 Mexican Petroleum
200 2 Miami Cenner ....
10000 l.ee Middle States Cerp
2ft
. . 7334
..177ft
.. 1534
1334
313,
4 Mldvale Steel A Ord,
.. Minn A St Leuis new. 12ft
.. Me Kansas A Texas. 334
. . Missouri Pacific 21
. . Missouri Paclfte pf . . 42H
7 Mentana Power pf... OS
.. Montgomery Ward... 1754
80 National Acme 20ft
. . Nat A A C pf ctfs. ... S3
7 National Biscuit 105
7 National Biscuit pf.. 10734
. . National Cleak A Suit 2734
. . National Cen A Cable 4
e Nat Knam A Stamp. . SI
.. Nat It R of Mex 2d pf
Nevada Cen Copper. .
0 N. O Texas A Mex . . .
B New Yerk Central....
1
05.10
1000
700
1200
1600
200
400
100
4)0
100
200
lien
0.100
1100
1900
100
000
200
1800
400
tee
103
200
200
100
300
300
BOO
1100
200
2200
13330
1600
BOO
100
000
1100
100
.. New Yerk N II A H.
1 New Yerk Ont A W..
7 Norfolk A Western...
7 Northern Pacltle ....
40 Okla Pred A Ref
. . Ontnrle Silver Mlnlnrc
.. Orpheum Circuit.....
8 Otis Klevnter
.. Otis Steel
4 Pacific Devcl Cerp..
8 Pacific Gas A Klec. .
.. raclfle Oil W I... I..
0 Pan-Amer Petrel . . .
0 Pan-Amer B
834
Bft
02 ft
74 ft
2034
20 ft
1834
00 ft
84
3K
4ft
2034
120ft
IS ft
18ft
47 ft
38 ft
Mft
77
3 Pennsylvania Railroad 4094
. , Pcnn Seaboard Steel. Oft
. . Peeples Gnu Chicago. aSft
. . Fere Marquctte 10 ft
.. Phillips Pet 3234
. . Plerco-Arrew Moter . 2jft
. . Pierce Oil 12ft
8 Plerce Oil pf Bl
7 Pittsburgh Steel pf... 84ft
.. Pittsburgh A W Va.. 31ft
1 Pend Creek Ceal 13 ft
8 Pressed Steel Car.... 83ft
8 Pullman 10354
8 Punta Alegre Sugar.. 43ft
4 Pure Oil Ce 34
8 Railway Steel Spring. 80
1 Ray Cen Copper lift
4 Reading 80ft
2 Reading 1st pf 57ft
2 Rending 2d pf B8ft
. . Remington Typewriter 35
.. Rcple Steel 7034
0 Republic Iren & Steel 6754
Republic Motertruck . 25ft
22 ft 1
2834- V
57-1
13 ft
30J4-
7934-
7V4
19 34
C3 4-
S ft .
07
7700 5.20 Royal Dutch N Y
600
900
300
4-
71
100
33
9.1 -8.',
23ft -OS
-31
ft -30ft-
1
tft4
11 -
4
14 ft 4-
21344-
1434 f
&4 4-
28
88 ft-
1234 4
10 3ft .
129 4
4 4
15 6534 4
73 ft
42 ft 4-10ft-7834
4
30 34-21ft-87ft-16ft-
B3
87 4- lft
1034 4- ft
19
7
32J4 4- 54
4 - ft
10 - ft
13-1
BO ft- lft
0734 ft
14ft- ft
53
3034 4- ft
14 ft 4- ft
52 4- 254
23ft
5ft .
- lft
ft
lft
ft
ft
ft
34
"h
Va
1
ft
34
"ft
ft
"ft
34
H
Vi
Va
ft
ft
34
ft
100
100
100
1200
2000
BOO
200
200
200
1300
7300
100
205J0
9200
000
100
80
000
100
2000
100
1400
1300
tee
000
13500
500
1C700
200
6M4
. u iieis a 1 e ist pi... a
.. St Leuis San Fran... 23
.. St Leuis Southwest.. 26ft
. . St Leuis Southwest pf 40
1 Santa Cecelia Sugar.. 4ft
. . Savage Arms 10ft
.. Saxen Moter 3ft
.. Seaboard Air Line... 054
. . Senbeard Air Line pf . lift
8 Scars-Roebuck 103ft
.. Seneca Cep Cerp IS ft
.. Shattuck Arizona Cep Bft
74 Shell Transport 42
.. Sinclair Oil 26
a Sless-Shcff 53ft
0 Southern Pacific ...,103ft
.. Southern Paclfle rts.. 23
.. Southern Rail 2334
5 Southern Rail pf Seft
20 Standard Oil of N J .625
7 Stand Oil of N J pf.. 104ft
4 Strembcrg Carb 4234
7 Studebaker 40
7 Studebaker pf 84
.. Submnrlne Beat Cerp 10 ft
2 Superior Oil Cerp....13ft
6 Superior Steel 43ft
.. Tenn Cep A Chem 834
3 Texas Ce 50ft
.. Texas A Pacific 20 ft
1 Texas A Pae C A O.. 34ft
Third Avenue 15
100 2.80 Times Square Supply
100
700
3000
J"
11
Tidewater Oil rts.... 1454
0 Tobacco Products ... 43 li
. Transcontinental Oil . 9
200 0 Transue A Wms Steel 10 ft
1800 .. Union Oil 23ft
2000 10 Union Pacific 110
200 4 Union Pacltle nf 4K
200 4 United Alley Steel.... 33ft
100 7 United Cigar stores pftei
200 8 United Drug ., 100
200 12 United Fruit 100ft
2800 8 United Retail Stores.. 57ft
100 S U S C I P A Fdv pf. 4154
7300 0 U S Feed Products... 25ft
0300 8 U S Ind Alcohol 07V
2100 8 V S Rubber
200 8 l" S Rubber 1st pf .
1000 0 I' S Smelt A Ret..
15H0O 8 U S Steel
700 1 I'S Steel pf
ll)00 0 Utah Copper
1200 0 Vanadium Cerp ....
300 4 Va-Carellna Chem .
200 8 Va-Cnr Chem pf....
1700 1 Vlxaden Inc
200 . . WabaBh
1300 .. Wabash pf A
100 . . Wabash pf B
8U0 .. Wt stern Paclfle ....
300 4 Westlngheuse 13 & M
100 .. Wheeling A L C...
1700 4 While Moter
1200 .. Whit.) Oil Cerp
100 4 AVlck spene steel corp 20
100 S Wilsen A Ce 41ft
40U0 1 Willys-Overland 7ft
2000 7 Willys-Overland pf . . 39
200 8 Woolworth F W 107ft
Ex -dividend.
. 6ft
.102
. 40
. 82 ft
.10634
. 52
. 433
. 37 ft
. 9754
0
. 8ft
. 23 ft
. 16 ft
. 33
4254
10
38 ft
1734
Lew
20 ft
40
3ft
18 ft
754
Bft
B0
140
138
17ft
9ft
136
101ft
67 54
13
10ft
14
3ft
7334
17234
16ft
13
31 'ft
13'ft
3ft
20 ft
41ft
05
1734
20 ft
B3
104 ft
107
2734
3J4
60 ft
534
854
61 ft
7354
2034
1034
IB
09
8331
354
4ft
26 i
120ft
15
18 ft
47 ft
3754
82 ft
76
40ft
Oft
35
10ft
31ft
23 ft
12 Va
81
84 ft
lift
13 ft
8.1ft
103 ft
62
3334
80
lift
87 ft
55 ft
6B
35
70
07
25ft
63 ft
60ft
23
26
40
w
16 ft
3
6
11
103ft
18 ft
Bft
4134
25 'ft
63 ft
102 ft
22 ft
23 ft
50 ft
623
lOSft
42 ft
4554
84
10
1234
43ft
8ft
4034
20
3134
15
11
14 54
53
0
40 ft
22 ft
118
0434
32 ft
101
100
108
6654
4154
23
0554
07 ft
102
38 ft
8134
loe ft
51ft
1234
37 34
0754
0
8ft
23
IS ft
31ft
42 ft
10
38
17 ft
20
41ft
ft
34 ft
107 ft
1:30 tttt
ICat Clue.
20 ft Va
40 4- ft
30ft- lft
18ft- ft
754- i
5B34
B3 4-
110 'ft
138 4-
17 ft-
0ft-
130 -
101 ft 4
4-10ft-14
2ft
lav.
3ft
'ft
H
ft
ft
ft
1
nsft-t- 3ft
1534- W
13 - H
3134 .
12ft- ft
3ft . .
51 H
41 ft 4- ft
OS - 354
173i- Va
39ft- ft
83 ft
104ft .
107 -t- J
2734- 1H
3ft ..
5034 4- 34
634 ..
8ft- ft
62ft4- 1 ,
74 1- H
2034- H
1034 H
18 - 34
09ft 4- J4
8334
334- 'A
4ft ..
20 ft 4- ft
120ft- 134
16
18ft- ft
47 ft r li
3754 - 'A
83 4- lft
7054- lft
40ft ..
Oft . .
35 - ft
19ft- ft
3134 ft
23 ft Vl
12ft ..
81 - 34
84ft- ft
31 ft 4- ii
13ft- H
8.1 - 1
10354- '
6234 ..
34
80 ft
WIS FEATURE
CURB
MARKET
Stock Makes Further Advance
en Sales of More Than
20,000 Shares
New Yerk, Dec. 7. The feature of
the Ilroed street curb market this morn
ing waa the heavy buying of Sweets,
which made n further ndvnnce te IV
en transactions of ever 20.000 shares.
International Petroleum was again
under pressure In tlie early trading,
selling down te 17, but rallied from
that level. General Asphalt waa hcavj
during the morning, declining te 41,
but rallied around midday. Carib
Syndicate, which has been In steady
supply, continued its decline, selling
ut 0. ltynn Oil. after yielding te
12, moved up te 1'tMi.
Hercules Paper was firm, selling nt
1DV. te '20. North American Pulp was
unchanged at ifi. Tobacco Products
KxpnrtH ranged from 0V4 te II. Umpire
rune was strong, moving up te !8'i
LNDL'STrtlALS
HlKh Lew
4.1 43
12 12
47 411ft
1HH 18ft
111 10
1)5 U
4'JW 41 i
20 IPMi
.IU 3J4
aW aft
11 "ft
2l4 2li
1:30
11
HV4
8'4
14
leji
aijt
!
1A
::nB
.. low
11
2
II
30
m
8V4
11T4 4- ft
80 ft 4- 154
67'ft 2ft
682
35
70 34
0754 25 ft
68 -00ft
,
23 -20
-
10 4
4ft .
10ft
3ft 0 -
11 -103
ft 4-
18 ft 4-
5ft
43
2534-B3ft-
102 ft 4 ft
2234- ft
23 ft 4- ft
50ft- ft
624 - 4
103 ft- ft
4234 - ft
4534 ..
84
10ft
1214-
43ft-
8ft
SO ft
20 ft 4-
34 ft 4- 3ft
15 4- ft
11
1454 1
83ft 34
0ft- ft
40 ft- ft
22ft- 34
11834- ft
0334 4- ft
32ft ..
101
100
100 ft 4- 2ft
B7ft4- ft
4154
25 ft-6634-6854
103
38ft- lft
82 '
9754-
0
8ft
23 -
16 ft
10
38 -
17 ft
20
41ft- ft
0 Va ft
34ft- 4ft
107 ft 1
Amer Ilarv S S
llrlt-Amcr Teb coupon..
Olevelnnil Aute
i;mi'lrn Tube
l'arrcll Ceal
Karrell Coul tirct
(lencrul Asahnlt
Hercules Paper
ttcydtn Chem
Unit Mlmml
Lincoln Meters A
North Amer Paper , . . .
I'crrectlen Tire
Radie Cem
Itndle Cem pref
Hey de France
Stand (Inn & Hire
Sweets Ce
Tub Pred Eip
V H Distributing
U S Ktenm
United Itetall ChikIv .. ..
ST.vxn.utn oils
Standard Oil et N Y.....10S 360
IMIUrKNDHKT OILS
A1I41 Oil 1
lllK Heart
lleune oil
Cnrlb Syndicate
Cities Serv "U" ctfs
Cushlng Pete
Penny Oil ..'.
Klk IMHln Pet
Knitlnceri, Petrel . . . .
I'cdnral Oil
Olenreck Oil
Hudsen Oil
later Petroleum ...
.MarncRioe uu ...... lmt
Mexico Oil lft
.MKivseai rexus 147
Mount Pred 12H
Nerm Amer oil
Neble
imar Oil
Pennnk OH
lied Hnck Oil
nun Conn
Halt Crek (new)
aiming vi ..............
tin Texas Oil
Wentern States
WyemlnK Cen
MINING
Alarka-Urlt Columbia ....
Atlanta
I Hi: Ledge
1 loom
861
3h
lfi
ft
lft
"'A
34
lleilnn & Mentana 41
Oulrd Mlnlim
Calumet & Jereme . . .
Cunilalurla Mln
Cnrtez Silver
Orenen Qeld
Kl Salvader
Hureka Croesus .
llureka Helly
Oeldflrld Cens
Uoldlleld Development
(leMIldhl Florence . . .
Ueldtlcld Silver Tick
Oeldneld Kene
Ureal llend
Kmma Sliver
Hecla Mining-
Iren llloiftem
Jumbo llxi
Knox Divide
McKlnley Darragh . .
MacNamara
MacNamnra Crencent
Mama Mln
Mtithnr t.edu
Mether Ixide (new) ."'Vi
MlpiKOinp
N"erth Sla
Ophlr Sller
Prince Conn
Hay Verde
Hex Cens
Hocheater Mines ..
Hepe Greup ,
San Tey
S Hller Lead ....
Sdccena Mln ,
St Croix ,
Tonepnh llelment
Tonopah Caih Hey
Tonnueh Divide
Toneouh text ...
Tonenah Mlnlrm .
Tonopah Mltpah h
lonepan Mentana
Tonopah Kciicue Kula . . . .
P H Cent
Unity Geld
Victory
Went Knd Cen
White Caps
Wllbert
1MKNDS
Allied Packers
Amer Tel lla. 1022
Amer Tel Hj. 1H24 0.1S
Anaconda Tepper (In S4
Anaconda 7s. 1020 Hi
Armour 7 HBVi
llroeklyn Hdlsen 7. 1H40 tIT'i
Cun Northern 7s inn
Oalena Oil Tx ....
Goedrich Tire 7s
Grand Trunk 7s . .
Inter II T 7s...,
Kennrcett Copper
Nat leather 8s .,
Searn-Hnehuck 7h,
Sears-Heebuek 7,
Sears-Iterbuck ".
Sinclair Tna
Pelvay 8s
Hwlft Oe 7m
Va-Cnrellna Chem Tnn,
Norway fm
What a Big
New England Bank
Writes About
Credit Insurance
A leading New England Bank, has just
written the American Credit-Indemnity
Ce. as follews:
"Regarding Credit Insurance, would say
that we believe a merchant or manufacturer
should insure his accounts receivable for the
same reason that he insures his merchandise
against fire te guard against less.
"Almest all merchants suffer some less each
year through failures and this normal less,
of course, cannot be insured-; but at times,
under abnormal, unforeseen and yet con
stantly recurring conditions, such less may
become great, and even embarrassing, and
ordinary businessprudence should lead amer
chant te provide against this contingency'
This bank makes it very clear why they en
dorse precautions that prevent, else pay, bad
debt losses beyond the normal, which the
American's "Unlimitcd-Interim-Payment"
Policy does.
Manufacturers and wholesalers, it will net
obligate you te write or phone for the full
particulars.
Payments U Peltcyheldtrs abtut $10,000,000.00
AMERICAN CREDIT-INDEMNITY CO.
of NEW YORK E.M. TREAT, miiimnt
ISBUIS STANDARD UNLIMITKD rOLICIU
W. J. Merpliyi Manager
F. J. MacFadden, Genaral Agent
Mutual Life of New Yerk Bldg.
Philadelphia, Pa.
-t
Commodity Markets
COTTON MARKET
New Yerk, Pee 7. C'ennicleiliiR
nealuieNS et Liverpool, eotten had a
itead undertone thin morning, although
tirst priees were uin hanged te 20 point-
lower. There ns little Heutliern hedg. -premre,
due in pint te the wet weather
all mer the belt. Ilullinh arutiment
among traders has prevented any eg-gre--le
selling and about the only
nre-Kiire early came from Liverpool in-tcre-ti.
The market beenme quiet after the
xtait. but remained steady, with price
at the end of the first twenty mlnutet
about 1- points net lower.
THt Teday'H 11! 1".
, lef" epn p in
nor. mbr Hi 10 lR'ill
V,,r,-n HI 40 1U30 Id -n
May 10 Hi HI 40 HI3U
July H157 10 U
October ... . .Ill li.-, lil.'JD
GRAIN MARKET
against 70c at the end e.rerday. and
declined te 77e. July opened c
lower, at 70e, and sagged te 7H:1i
There also wan free selling of eatH
and prices declined. A northwestern
house took part of the offerings.
December atarted at lVt,e te IHe,
against 411 V&c at tlie close yesterday.
May Ktarted at 011c te .VJ-'kc. agaitmt
."i.'ic" nt the clone yesterday, and later
sold at H'ZI'hC. July opened rv lower,
at .VJic, and lattr sold at .r2''hc.
Kaily eHtimatcs eiu for tl." cars of
wheat, 05 cars of corn and 45 cars of
eats.
NEW YORK COFFEE MARKET
New Yerk, Dec. 7. The local coffee
futures market continued its downward
trend thi.s morning, opening prices being
14 te ITi points below the previous
close. The cables were peer, showing
declines at Ilie and Santes, and also
a decline of Vh1 I" the rate of Itie ex
change en Londen.
i rl.n ind of the first hour nf trading.
prices were barely steud at the decline,
the market being exceeding narrow and
ri'lnn Dec 7. A ircncral rush of u-ltlnmt Niieeiul feature.
...in.,,. nnli.ru thrniiph commission Tlierp seems te be a feeling in some
houses broke the wheat market sharply quarters that buying power in coffee will
in the early trading today. Support be very limited until after the turn of
the new year ami uiai uiibiue- m uu
of smnll volume.
BANK CLEARINGS
nank r-irjirinKM te'In 'rnpared with Mr
rnpfliullnc "If. s Li"! te 'Hr.
nun nun mis
inula . I'1 US S.1S 7'i ail" 300 153,5011 013
MONEY-LENDING RATES
NKW UIHII Meney en call, both
classes of collateral (iHned today at 7
per iv nt ter lending and renewing
I'HII.AlJr.I.rillA- Call. 6 per cent;
time 6 per i enl , commercial paper, three
te six mom ns e per ceiu
(Nete mese are mereiv nominal quo.
i tatlens as the legal rale of Interest In the
slate of I'ennsyHanla Is fixed nt ti per
' cent 1'lurt picmlums and commission,
lime menev for th rty te ninety days Is
leaned at 8 te 8-j per cent, while com-
I l .. 1 .. .na fanin t li A 1 1 dtlT Mrt rT t ha
la being effered at 8 te 8W per cent.) 'JtOc. Mey started at 78c te 78c,
was peer, ami seiuimeui wus n-ss uiui
Isli en the theory that an advance of
nearlv SO cents In ten days was suffi
cient' for the lime being, especially as
shorts had covered freely. There was
no expert demand in evidence, but whiln
cables from Kngland said that the Hrit
Ish (ommisslen was out of the market,
shippers were asked te continue te make
offers.
December opened 2c lower, nt 151.77,
and fell te $1.7.'iiA. March started at
$1 7.'1 te $1.71, against $1.i0Wj nt the
end esterday.
Cern also was weaker under active
selling by commission houses led by
cistern representatives. Haying wns
confined te resting orders en the way
December started at !Vjc te 7fi:Hc,
and later Beld at a net less et I'M at
Financial Briefs
llln ((intinues te show a disposition te
make sales and freight offers from there
are low.
March . .
My
July
Heptember
Yenl, rinse
, 7 l'Vq.'J7
, 7 114 'J US
. 7 U7 fi ll'l
, K lSll.'O
fipen
7 1161'.!
7 .'.0 41 M
7 S'J4.'t
b 014(10
Liverpool Cotten
I.herpoel. Dee 7 Spot cotton w-ns
eulet today with prices steady en the
basis of an advance of 30 points for
middling t 10.92d. Th sales were J000
hales The receipts were 36,000 bales,
Including 35,700 bales American.
Futures were steady In the early deal
ings Spot prices were American
middling, f.ilr ISfl'.'d; geed middling.
13 17d; fully mldd! ng, 12 42d ; middling,
10.92d; low middling, 8.i7d; goeU r
dinar, 0.17(1. and ordinary, 6.17d.
The average prlce of twenty active
Industrial stocks declined .00 yeBtcrday
te 76 73, while twenty railroads were oft
1.22 at 70 28.
Stroud & Ce. nnneunce that Themas A.
Robinson has become associated with
them In the bend department of their
New Yerk elllce.
A Chicago beard of trade membership
has been sold for $7600 net te buyer, off
$260 from the previous Hale.
The Interstate Commerce Commission
has approved a lean of $156,000 te the
rrceler of the Fert Smith and western
llnllread Ce te aid that carrier In the
purchase of equipment and In making
additions and betterments te existing
equipment and way nnd structures, at n
total estimated cost e' $125,356. The
cemr ny Itself Is required te finance
about $270,000 te meet the lean of the
government.
DIVIDENDS DECLARED
Ixiniie -WHen Illnrult Ce , (luarttrly of 11.78
en llmt preferred, payable January 1 te
stockholders of record of December Is
Manhattan Shirt Cn , quarterly of 11 73 en
preferred paialle January .1 te tecl of rec.
ml Ilepemlx-r 111
t'ninn Pawenifcr llallwny Ce aemlannual
4 73 leea third and fourth (lu.irtnrly lnlaI.
ments of lain Intnme tax. puyablw January
1 an reslHtertil rjecimlier 13
Otis H(fl nuarterly 1 per cent en pre
ferred. puttMu January 1 te nteck of record
Ilerember 13
People's National Kirs Imuran. -e Ce ,
emlannual 2V4 pr cunt. paable December
31 te Mnckheldcr et record December 20
Wnt Philadelphia I'a;ener Railway Ce.
eemlannunl (if 13, ee third and feur'h auar
,rl Inmallmentii of llllll Income tnv. inivj.
I l.le January I an r'Kl'Uny ) rcnilier 13
t'entinentai ian quarterly it. per cent en
common and preferred, payable January 1
te nteck of record December 20,
T (T .11
4 4 4
1 41 41 I .
in lrt 10 I I If
64 IIL' 04 I P
IU Hi IU I f
40 42 44 I li f'
1A t'i 1A I i I
n ii e i Mi
" n I lilt I
lS n l a I It
n n 5 I It
24 'j.i ::i I It
till I !
a a 3 I f
1A 4 4,', I I
k Vt ',. I
a ii oil
10 10 10 1(1
10 10 iu I
A A A I
H H I
8 7 s ill!
RH 3S 3K I III
n4 r,li Nil
n s s i in
0 0 0 I
r -v I
A S I
1 1 1 I II
A 3 fi. I It
8 8 8 I III
A A A I III
5 3 Sill
,A nA eA I
1A 1,4 tA I :
" " 1 I
IV IV, 1A I
1A 1A 1A I III
in i, m i ii
R H H I III
7 7 7 III
., no no 1 111
" 3 "5 I
a A -'A 2A I
a r. b I
1 ' i I
a 7 r I III
e e e I III
IS S1!- na4 I OWISWEIV-
nrnu eiiK I . OUWIt-fc
M S3 1
nn; tinn I
113 e:,Z I :
7i H7U I i
1110 10(1 I II
naij 0.14 t'H'-b :
kk ss ss I III
leii'-i, ions lteK I
.... 7'.' 71 7L- I
7s li 1W 014 Hl'4 I I
in n7; 07 I I
1022 . IMS H4. U4S I :
1021.. 07'i flT'i 07S I III:
1023 . Hl U4U mC, I 111 :
tin no no I III
me naj tmt: 1 1 L
n,rj i'1'i iiiva 1 M
03. tisii ns'i U. . '
tins oes mis
1:15 Net
I.niv p. m. Chile.
J Vh
10 10
:te :ie . .
4 4 . .
SOU S0VI Vt
"LONDON" CREDIT
INSURANCE TO BE SURE
THATS Just it te be SURE The one
thing of your business you are net sure
about is the matter of your credit. Yeu
hove protected yourself as far as possible
against ether contingencies fire, death, etc
But your credits are a matter of belief or
hope. Mercantile ratings may be geed guides,
but they offer no guarantee. Collection
agencies cannot really de mere than your own
collection department.
But, Credit Insurance in the "Londen," gives
you alielult protection against losses from bad
debts. Yeu don't live en hopes or premises,
Yeu knew you'll get your money, and you
knew mncn you'll get it, whether we collect
it or net-
Why play with uncertainties a day longer
Te be jure, ask for the particulars of out
policy today.
AT YOUR.
SERVICE
Lesses Raki In
ArnerrcanQinTrrcy
Established
EiAteen Slxtninc
LONDON GUARANTEE AND
ACCIDENT COMPANY LTD..
R. A. IRVING. General Acent-
rhenc LemUtd 4016 tlO LaFaycttc Bldf.
iriiiwMJtuiriiA, fA.
Philadelphia Stocks
20
18
i Vi
RAILROAD EARNING8
H-LINQIS CENTIIAI,
1D20
Orteb-r ren . II'"'''??.!!
v..t nuer. Income., 1,71a, ni
Ten month' reM..lls,
Net eper.' Income
BtM.
A. 7(n. .100
4,457,101
Increave
t3,siia,ini
72,20
se.n:i3,un.'
2ea,2ja
HlKh
1 Am Strs. W)
100 Am Ship
& Cem 10
072 Am Oas. .'10
2." Am Pipe. 4
lOOtCnns (las 80',
121 Cen Trnc
N.i.... .'is Vj as
iaSKlppSter.ini 103
-isiTini.ieK i it -a i-fi
117 I Ce N A 2!)',
SfltKun Cep 18
1 1 l.eh Xnv. 72.
ni(l I.eli Val.. 53
1 Ner Cent 7(
222 I'a It It.. 40?
5 I'hila Ins
Wire... niVj
l,'t2 I'hila Ce
euin pf.. 31
8.14 I'hila Elec 22
170 de prcf. 27'i
lini'hi'altT 10V,
200 I'hllaTrac n0
L'OOtlteadlni;. 88 U,
300 Tenn Min 1
300 I'n True. 2
3(111) C ( I... 3(1
1 de pref.. 411
riOWarl&N 8
38..
103
UVa
20 Va
18 U
2j.
nevi r.2-y,-f-3',
40 40&
40 40ih
niya rVA.
31
27
mvi
fit I
31 .
21-
Vi
10V. V4
nei . .
881. SSV-fl
VH ' VS
20V, 2!li V.
28j 28lii
40 40..
iNet chanse made by romparlnen with laat
sale en New Turk Stock EnchanKe.
Sales In 1IONI1S 1:13 Net
$11100 HlKh Lew p. m. chKc
12 4-nnell Tel
7s 102 102 102 V
j Lake Hup in
Hi 43M; 43 431j-f-
30 LehlRh Val
Ben 4".. 80 70 80 4- .
4 N J Trae Tis 00 00 00 . . "
3110-20 I.lh Und
3s .... 00.30 00.30 00.3(1 .08
12 1-r. 2d 4Vi. 8e 3(1 85.1S S.-..30 .12
12 1-5 3d 4V,8. 88.12 88.0(1 88.12 .01
TlO 4th 4Vih... 8.1.(1(1 Kn.riO 85.51 .08
34 Vie N 4'V,a. 0.1.5(1 fl.1.,1 1 U.1.51 .0(1
2 I'hila Klec
lst5s.... 82a: 82'i 82', V.
4 1' I&W4s07 mVi l)7V4..
1 I'nited Ilwy
Invest 5s. 07 07 07 1
Raw Sugar Market Quiet
New Yerk, Dec 7 The raw euifar
market remains quiet hut Bteady, 10, 10, 10,
tee bags Cuhas Mdllng te a Philadel
phia operator yesK rday at 4i centa
coat and freight, equal te 6,77 cents, duty
cald. Importations of raws Include'
12,020 hags Cubaa te Uiq National Ce
' 'l,7.1 b,nBB ''ul"", t0 thB Warner Ce
mil 600 bags San Domlngees te the Ted
ml CO. Tha ln-ml rellnerl mnrlr.., ! .....
1 clangsd.
Security as
important as ever.
De net let high interest blind you te
the factor of safety behind the invest
ment. Cpnsideratien of the security
provided is new mere important than
ever.
We can supply you with Hat of con
servative investments with most attrac
tive interest return.
GEOKENDRrCK 3rd & CO.
BaiyJkers
1431 WALNUT 8T. utfe PHILADELPHIA.
Member. New YerUndPhlla-
rttlpma eiwv -
Telephone! Dell flpnire flltO
urriienvuac iie
. ... i ...eattnent
W neremmrnu " """
WATER POWER
Stock & Bend
Lew Operating Ce.U
.loseptvw.Gress &Ce.
1421 Chestnut St.
Cerrwtndtnf
Aldred & Company
MONEY LOANED
ON STOCKS AND BONDS
AT G9' PER ANNUM
Steclta & Bends Bought & Sold
H. A. HEIBING
113 PQ1ITH M1NTI1 HT.
that
Just
rail',
'W.
with-
The Darkest Heur
Is Juat before dawn a saying
seems particularly appropriate
new about several rails that are
int. tin ticiuw uieir ((Hi vniuc.
have prepared a selected Hat of
which should. In our Judgment,
handsome profits if bought new.
will nend It te you en request
uui uuugiiuen.
Scott & Stump
Investment Securities
STOCK EXCHANGE BLDG.
PHILADELPHIA
10 F.iehanfr. I'leee Nmv Vnrk
Ceuttsvllle, Chamlierebur. Cttllilf,
,I?eiiiiiylTBH " V
i
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