sff'1F',sHBWSJ?ros6 i7jrr!i v v-vT rf' v ; j . "!v i ,.. a-ow vt 'wvitw'iHi' ttt" a, l -'"jm ii mts.i jMj iniu m rs ""W5y Sir-"', t. v - v '..v.,v -7 i ;?'jr-' TT".'! '-i;irF'f i"4.i ,w ' T "' -r " 'wi:r,rn ,W,7 "..-T' la :; m ,t' '..-"" 'k-.'u. y.c,v;v ' VU- J . 1 '' v .it l ' 14" .5A.'i i-'.-' -rf . it ' r '" 4 ' ?ih !'jiMi', ' ' v ::.fc-- ..j'-rt- " - v?1 V? ., , t ) s v , tt' !i r -' . . , ' ' iihii i i H i . , , , , i - - - , ... --- t- -r , . . - i I, i - i - - " I BMMMgMMaMmaHHHMBHggMH g B fl bM ae HI.B at . 1 p l C aA'. f l 7 PS.. . "i v"1 lr WE OFFER ??3tate of Pennsylvania 4 niirt." - B iTor c i'rt!rtkYfar NoivOallahle B7, llontls Ihir Jiilr, IBM rrlre tot and Int. Net Yield 4.93 I Federal Land Bank 5 Bonds Due Mar 1, 1M1 rrire 100 nml Int. Net Yielding 5 Government of the , French Republic Twentj-Ycnr Etternal Hold 7V4a, dur June 1, 1011 Price 95 and Int. Yielding 8 Isaac Starr, Jr., & Co. N. E. Cor. 16th nnd Sansom Sta. Members Phila. Stock Exchange and V. Y. Cotton Exchange MAKKH H-VrHXH new York stock exchanc.f. transactions UMK III KV N M 1 I If I I II 1 Lm 1 I i ' i 111 1 "I l -" " " 'r east - i M INf I III n lltl II AND CONFUSING Service and Stability Our Duty to The Public has always been a domi nant thought in shaping our policies. The service we seek to render is a helpful nnd constructive oi.e to YOU. And we strive just ns much to retain your busi ness permanently as to secure it in the first, instance. Integrity Trust Company Fourth and Green Streets Capital $500,000 SurpluM and Profit. . . .$1,760,000 III ' I ills I FOUNDED 1872 -1ASSATT & CO. have served the invest ing public for nearly a half century. We shall be glad to assist you in the pro fitable investment of ' your funds. hiprff" "tk to" Cirt-ilur A' :. CASSATT V CO. COMMERCIAL TRUST DLDG. PHILADELPHIA MW OBx. BLTIMOBl-MTTSBUOOM-SCnATON Number of Industrials, Includ ing Stoel, Established Now Low Records Now York, Juno 23. Movements of todar'n stook mnrket were extremely feverlnh nnd oonfunjr. While the trndlng was distinctly more twonldcd, yet It wns evident In the constant crop plnic out of fresh weakness in different qunrters of the list that all the vulner able spot hnd not yet been cleaned up. There wus constant clmngin? of tone nnd movement, with waves of strength nnd wenkness following In quick suc cession. This apparently represented n combination of (jcmiltorjr siiort covering nnd renewed liquidation. Ah In most of the preceding sesxlons. thero wns nctunlly notlilns in the over night development or morning newH to account for the continued nervousness. An n matter of fnct, what little actual new there enme to hand wns of a dls- 1 tinctly constructive nature, including the further reduction In tho Dank of i England minimum rnto of discount from fl'a to 0 per cent. It Is trnc this nctlon i was expected In both London nnd I American banking circles, hut ab a mar ket factor it was entirely Ignored. ) The good Inlluenci'. however, of this potent economic development was nulll tinrl tn some extent bv the unwhole some Impression concerning the steel and iron industry provoked by the weekly review of the lending trade jour nal. Supplementing this was additional testimony continuing the industrial de pression aR indicated in the further un pleasant dividend chnnges and the very poor enrnings being reported. What the market most Incxed and which wns strongly exemplified in jextcrdoy's late bnekset and the continued crumbling of prices this morning wns the conspic uous lack of organized buying power. As the inurket lacked the cushion it had ye-rterday in the early substantial rnl ilfs, the reactions were naturally mpre unsettling. Contrary to expectations, initial quo tations again disclosed n majority of declines, especially among the Industrial stocks, but the murket us n whole put up little better resistance which encour aged .some fresh covering and in turn brought fairly good rnllles all nloue the line. Confusing rallies and reversals occurred during the bnlnncc of the morning, with rather snappy rebounds in a number of the leading speculative specialties, tin hiding Mexican Petro leum, Hoyal Hutch. Baldwin Loco motive and American Sugar. As the morning progressed, however, the murket kept slipping back and by noon the tide became decidedly reaction ary when the greater pressure was di rected against tne stcci. equipment, shipping, motor and rubber shares, tho last named being particularly soft. The more disturbing sentimental effect was produced in the renewed break in Steel common to a new low at "OVi. At the same time (Jeneral Electric, Hcpublie Iron and Steel, American International. United States Huhber nnd Sears-Hoe-buck and Harvester lost 1 to almost 5 points. Other heavy spots included In dustrial Alcohol Willys-Overland pre ferred nnd Chandler Motors. Some of tlietp established lowest prices for the current movement. The mils were only moderately lower at the start, but they, too, proved to be vulnerable with Pennsylvania Railroad equaling its recent low prices. St. Paul issues were distinctly weak, but the low-priced as well as the investment shares proved all to be sensitive. FRACTION SHAVING IN LOCAL MARKET Proposal Advanced by U. G. I. Management Without Ef fect on That Stock 3 w i otirf r Wmm 1 51 1 1? jT,8ffl?:TOitniiiinnnraig pisroi Safeguarding Your Surplus We have investigated and sold to Investors millions of secur ities that huve proved sound. A number of attractive offar lnss of highest safety are. de scribed In our list which we S will mall upon request. 3 BATTLES & CO. I Kilabluhtd lift) a InfVtxndMin Haae (Katt) ' mNMmwmwmummmmmmmmi The local market developed a slight reactionary trend, but price recessions with few excentlons were continued to ' small fraction". The conflicting and I confusing movements on the big board , had the effect to curtail dealings rather i than provoking a recurrence of the so I called liquidation. Scattered here and lucre through tne list unmistaable evi dence was present of moderate belling of speculative accounts, but the majority of the transactions were colorless. Hy reason of the wider price swings Electric Storage Battery continued tne outstanding feature in a decline of Vt points to OrtVa, representing with yes terdn s late backset a cancellation of most of the quick recovery made on Tuesday. Dealings were relatively small, indicating the absence of urgent liquidation On the other hand, Lake Superior appeared to be on tap, with the offerings readily absorbed at 7, or t under under jesterday's final quo tation. Offerings of Pennsylvania Hmlroad wore much smaller, with the price held fractionnlly above the New York parity. Thero was no i hange in V C. I. Only small amount of the stock changed hands at MVj The propositi tid vnnced by Samuel T Hodine. the pi cm dent, to telieve rli" coiipam of UK prcs- it difficulties, icndlni; amendment of the eit g, lifli-. wns I'i'ffjvcd with xiirrrMng complacence Following as it doe the rcc. tit rncin'ir if the com piillj position pr the njiei.ltKll of tin en s i;t,is plant , the Miggestn.n caui-en little surprise Philadelphia Stocks National Light, Heat & Power Company tfl Ilond Hfriiri-d Nottm MATl'KITIK.1 Ffhrnarr, IMS l'rlrf IX) 71 Frhniirr. 1USI I'rlrc 04. an Frbnurr, IBM Price 09 Ktbriiory, 1026 rrlre 01. M Fobruury, 1D27 Price HO. so Average yield 8.35 Thin Company ha pat4 dlvlrt-ndi on Ita Prerri-ed Stock lnc 1W07 Circular on Request Fairman & Company Drezel Building, PhiU. Kitlilllifd 1002 A. H. Bickmorc & Co. Ill Broadway, Nevr York IjiKh 7-1 -1m '.17' .".7 74 3815, no 1 i.-. P M. fi7 M', filH: 74 HO ni'ii ni'v, 2S',4 28 8 fll 32 ti7 U.'i Am Strs 2.-t.m L...-1 IWtB & O J7!l CleeStor -'.itlnt-Hnr-vestet- . 17 I Co N A 2.j Kcv Tele i7."i Lake Sup Hut l.eh Vnl (." I 'a It It r Pn Salt -7 Pltilu Eire 21 122 do pref ,'1 It. Philn ItT lCi, 105 V C, I 38i, 10 do pref WA 2.t'S Steel 70"C 2.1tCn Krult 101 101 101 N. chance mndp hy rompaiiaon n li- n N York Htork Eirbancr. piui.Anui.piiiA noMis HMXl Atlantic Itcf 0s .'.M)tl Bell T'lephone 7s. 20fMl Bell Telephone 7 lOiHt City Is 1038. . . 10(M) Pennsylvania 0s Nat cht. - - 7fc - -1 4 Dlv. Rlf In too , too 0 100 4 too .. too 700 300 4 son 7 3100 4 100 7 oo S0O 4 1800 M0 s too 100 it mo 7 100 mo 100 300 300 ?00 4 JOB a MSOO 400 l (100 0 x 400 00 100 7 tM 81(10 7 000 ft ?nn 0 M0 ft 300 it MOO 7 300 100 7(1011 "400 o YTI 300 j 'too 10.100 100 100 100 10700 7 3M0 100 2 . so too 700 B1O0 s 300 000 00 100 100 300 300 300 n MO 100 7 300 2 MOO 10 300 4000 100 10000 10 00 4 3100 '00 000 90O 100 B 4000 3J0 ( 300 7 4300 400 100 300 3 100 100 ft 8000 400 400 3800 4 3100 2. BO 0000 4 300 2 3000 700 7 300 10 300 100 1 400 400 & 1000 fiOO 3900 8 100 ft 100 flOO 100 2 33000 . 200 ft 1 3700 II 1 800 1 1 100 A 1 400 100 7 3000 7 1 400 4 200 20U 4 100 600 300 1 300 7 300 .(0 400 0 200 A00 too 100 100 700 7 100 fiOO A aoo 100 too 4300 300 A 300 100 lllth tow Advanca Ttumely 1 13 Advnneo Rumely pf . . . 88 38 Air Induction ..i0H 30H AJnx Tlubber J3H 33ft Alaska Gold Mines... i Vt Alaska Juneau O M. . Itt M Allied chem ft rye... 8t 37J4 Allied Chem ft Dyo pf. 85 8H Allls-Chnlmers 30 ViV Allls-Chalmers pf .... 7014 70V4 Am Aitrlo Chem 10)4 38V4 Am Bank Not 4 Atn Deet Sinrnr 17ft K Am Bosch Marntto... 34 4 Am Cnn 4M 344 Am Car Vay 118 117" AmCar&lrjypf 0 10 Am Chlclo IS 18 Am Cotton Oil 18 IS Am Drur Hyn 4ft 4H Am Tlldo ft Leather.. H "H Am Hide ft Leather pf 4714 'tt Am Ice. 4'4 84ft Am lee pf 01 71 Am Intemat Corp.... 33$ 33ft Am Unseed 33 33 Am Locomotive 78 74ft Am Safety Tlazor. ... 4 4 Am Ship A Com 7ft 7ft Am Smelt ft Itef M 3?H Am Smelt ft Itof pf . . . 8SJ4. 884 Am Steel Foundries.. 38ft 78ft Am Sugar Ttef 70 87ft Am Sumatra 48ft 47ft Am Tel ft Tel 103H 103H Am Tohncco HO 118 Am Tobacco B 114ft 114ft Am Woolen S7t 04ft Am Zinc Lead ft Smelt 84. 1M Am Zlne A Lead pr. . . 33ft 33ft Anncondn Copper . . S 34 Atch Top ft Santa Fe. 78H S AtchTop S Fpf. .. 7ftT7ft Atlanta Blr ft Atlantlo 1 3 Atl Oulf ft W I S S . 33ft 33 Atlantic Fruit Atlantic Pet 18ft 1ft Atlas Tack Corp . . 18 18 Baldwin Locomotive.. OSH B3ft Baltimore A Ohio 34 33ft Barnsrtale Clasa B. . . . 17 10 Batopllas Mining ... H Bethlehem Steel . . 40ft 40 Bethlehm Steel B 43ft 43ft Booth Fisheries H 3i Brkhn Itnold Transit Oft 9H Brklyn R T ctfs of dep H 8 Bruns Term 394 H Butte Copper ft Zlno. 4ft 4ft Butte A Superior Cop. 10M 104 Butterlck 17 17 California Packing- . . . 88ft 8S California Petroleum . 38 3s California Petrol pf . . . 70 70 Cal Zinc ft Lead 4ft 4ft Canadian Pacific . ...10K 103H Case J 1 4ft 4H Central Leather .... 33ft 33ft Cerrode-Pasco 38 38 Chandler Motors 83ft 4H Chnapake A Ohio. . . 47ft 47 Chicago ft Qt West. . . 7 8S Chicago A Qt West pf 18ft 1S Chicago Mil A St P. . . 34ft 38ft Chicaco Mil A St P pf 3H 33 Chicaxo Northwestern 80 ft 80 ft Chi H I A Pao 37H 3ft Chi B. I A Paxj 8", pf . 80 SO Chi It I A Pnc 7 pf. 70ft 70ft Chile Copper 10ft 10 Chlno Copper 31ft 31ft Coca-Cola J0H 304 Colorado Fuel A Iron. 30ft 38ft Col ft Southern 31 31 Columb Gas A dec. . . ti ii Col Oraphophone ... 4 44" Consolidated Textiles. 18 H 18ft Continental Candy . ... 1 I Corn Products Ref. . .. 834 01ft Cosden A Co 38 i 37 Crucible Steel 45 Sift Cuban Am Sugar .... 14ft 14ft Cuban Cane Sugar... 8H $H Cuban Cane Sugar pf. 384 38ft Del Lock A Western.. 177 177ft Denver A Rio Or pf. . . 1ft 1ft Dome Mines 10ft 10ft DuluthSoSAAt 3ft 3ft Endlcott-Johnson ... 80ft Si Clio 114 11H Erie 1st pf 17ft 17 Famous Playera L 87ft S4 Famous Players L pr. so so Flak Rubber 13 Freeport Texas . . . . . 13ft 13 Oen Am Tank Car ... 41ft 41ft Oeneral Asphalt 48ft 40U General Cigar 844 844 General Electric .. ..138 131ft General Motors .... 0ft Oft Gen Motors deb 61 . . . 01 ft 01 ft Goodrich B F 30ft 30 Goodrich B F pf 08 88 Great Northern pf . . . . 04ft 03 Gt Nor Ore ctfs 20 30 Orene Cananea Cop .. 21ft 21ft Haskell A Barker Car 81ft SI' Homestnke Mining . . . 85 85 ' Houston Oil 81 50 Hupp Motor Car 11 10ft Illinois Central .... 88 88 Indian Refining .... 7ft 7ft Indiahoma Refining . . 3 3 Inspiration Con Cop.. 31 1, 31ft Inter Con Corp .... 3H 3ft Inter Con Corp pf.... 10 in Intemat Agrlcul .... OH 8 Int Agrlcul Corp pf . . 38 38 Int Harvster new.-. . . 83ft S3ft lnt Mer Marine 10 10 Int Mer Marino pf 40ft 0ft Intemnt Motortruck.. 30 20 Int Motortruck 2d pf . 56 4 S0i International NicKel.. 13ft 13i4 International Paper. . SI 4Si'2 Inter Paper pf stpd.. 70 70 Inducible Oil Corp... 11 ioj4 Iron Products 31 24 1 .80 Net Close Che. " 13 38-14 30K W 3ft- ft H -1H .. 7ft ..-84ft- 1 38ft- IK 70ft .H 38ft- ?K 40-3 384- aft 4 - ft 44- K 117 - 1ft 10t ft 18 18 4ft . H- tft 47ft-Oft 84ft- ft 71 384- ft 33 -14 78 - ft H 7ft- ft 33Kr 1ft 88ft- ft 28ft- H 70 14 48ft IK lo 118 - ft 114ft- 1ft Sift- 3ft 7 3 38ft- ft 34H- ft 77ft- 1 75ft- ft 394 .. 70 - 1ft 89J- ft lft 94 16 0414 ft 3.1ft- H 18 ft H 43-8 4?ft- 1 3 . H- 94 8K- ft 394 ft 4ft 104 ft 1 -'"ft iiri .. 3S - ft 70 - 1 4ft- ft 10394- 3ft 494 ft 3ift- 94 75 4094- 3ft 47-94 94- 94 1894 34ft 94 35 40ft- 3 36ft- 4 it - 1ft 70ft- 14 10ft 31ft- 1 364- ft 26ft- ft 31 - ft 35 ft 49i- ft 16ft- ft 1 61ft- 1 37 - 1ft 81ft- 994 14ft 894- ft 384 H 177ft- 1ft - 1ft . 10ft . 3ft - ft 0ft- 14 1194- ft 17 - ft 544- 1 80 - 1 13 - ft 18-94 41ft- 194 4694- 1ft 814 1 133ft- 3ft 0ft - ft 61ft 30-2 05 - ft 03ft - ft 20 - ft 21 ft - ft 61ft- ft 55 - 2ft 81 ft 10ft - ft SH - ft 7!a 3 - ft 31ft 3ft - ft 10 - ft 894- 38 - 1 34- ft 10 - ft 46ft- 2ft 30 564- 94 13ft - ft 48ft - 114 70 10H 24-3 X)4. Bale in I Hlirh 00 .. Island Oil 3ft s0 . . jewe Tea 8 . .. Jewel Tea pf 3194 .. Kansas City Southm. 38ft a. Kwisas City Ho pf.... 48 M0 4 Kelly-Springfield Tire. 37ft JO .. Kennecott Copper ... 18ft .. Keystone T ft R 094 I2 6 Lackawanna 8toel ... 34 3 Lee Rubber Tire 3894 ,." Lehigh Valley 4794 JW It Liggett A Myera 141ft ,m ?! Loewe Co lift J? 1 Loft Candy ft It Lorlllard Tobacco ...,143ft 7 Louisville A NaahvlllelOB M0 .. Marland Oil 16ft 0 ,. Maxwell Motor 894 "too It Mexican Petroleum ,.1H '00 3 Miami Copper lft 4100 l.AO Middle SlaWn Corp... 10ft '00 .. Mldvale Steel 3ft 00 .. Minn A St Louis 1094 .. Mo Kansas A Texas. . . 3ft 00 . . Mo Kan A Tex pf 4 IMS .. Missouri Pnclfio 17 oo .. Missouri Pacific pf.... '86 .. Montgomery Ward ... 17ft "0 .. National Acme '. 14 18 7 Natlonnl Biscuit 10S "80 . Nat Cloak A Suit 30 6 Nat Enam ft Stamp.. 43ft 300 0 Natlonnl Lend 71ft 80 . . Nat R R of Mex 2d pf S9J 80 ., Nev Con Copper 18ft 380 A N O Tex ft Mex 47ft W0 8 N T Air Brako 85 100 8 New York Central. ... 68 30o . . New York N II ft H. . 15ft 180 1 New York Pnt ft W. . . 18ft 80S . T Norfolk ft Western... Soft 1800 7 Northern Paclflo 88ft '80 . . Ohio Body ft Blower 8 180 .40 Okla Prod ft Ref 1ft 188 . . Ontario Silver Mining. 4 300 j Orpheum Circuit 33 100 a Otis TJevator 136 300 2 Owens Bottling '38 200 .. Pacific Devel Corp.... 104 308 s Pacific Gns ft Eleo. ... 81 6800 .. Pacific Oil 3394 4600 a Pnn-Amcr Petrol .... 4894 300 A Pan-Amer B 43 1800 1 Pennsylvania R R ... 33 94 301 .. Penn Seaboard Steel.. 794 100 .. Peoples Gas Chicago. . 40ft 100 . . Pero Marquette 164 800 s Philadelphia Co 30ft 1O00 .. Phillips Pet 1794 8000 .. Plerce-Arrow Motor.. 17 800 g' Plerce-Arrow pf 38ft 1300 . Pierce Oil 04 300 8 Pitts Coal 84ft 100 .. Pittsburgh ft W Va... 25ft 306 s Pressed Steel Car 68 106 8 Pullman S4ft 300 s Punta Alegro Sugar. . 38ft 1100 4 Pure Oil 35ft 300 8 Railway Steel Spring. 75ft 300 .. Ray Con Copper 1394 3800 4 Reading 03ft 100 . Remington Typewriter 18 4100 .. Republic Iron A Steel. 434 7500 8 SO Royal Dutch Amer... 51ft 100 1 St Joseph Lead . . ., 11 1400 .. Bt Louis San Fran... 30ft 300 .. ht Louis San Fran pf. 30ft 800 .. St iouls Southwest... 31ft 100 . ht Louis Southwest pf 30 ft 300 . Savage Arms Oft 10400 Sears-Roebuck 0594 100 .. Shnttuck Arizona Corp Oft 1500 .74 Shell Transport 4094 8500 .. Sinclair Oil 30ft 300 . . Sloss-Sheff 33 7600 A Southern Pacific 70 1400 . southern Rail 1894 500 7 Standard Oil of N J pflOSft 00 2 Stewart Wamer Speed 33 ft 400 . . Stromberg Carb 38 38100 7 Studebaker 72ft 300 1 Submarine Boat Corp. Oft 306 .. Superior Oil Corp 494 1000 . Tenn Cop A Chom.... 7ft 13600 3 Toxos Co 31ft 800 .. Texas A Pacific 304 800 1 Tuxas A Pac C A O.. 10 400 Third Avenue 1394 800 5 Tobacco Products .... 51ft 1400 .. Trans Con OH 74 300 a Transue Wm Steel ... 31 300 8 Union Bag A Paper... 65 1400 . Union Oil 18ft 1800 10 Union Pacific 11394 100 4 Union Pacific pf 4ft 200 8 United Drug 88ft 1700 8 United Fruit 103 200 .. United Rwy Invest... 894 300 . Unit Rwy Invest pf . 18ft 3100 s United Retail Stores.. 614 100 U S C I P ft Fdy 13ft 2400 ..US Food Products... 16ft 0400 .. U S Ind Alcohol 504 100 .US Realty A Imp 44 16300 8 U 8 Rubber 56ft 300 A U S Rubber 1st pf.... 8194 300 3 BO U S Smelt A Ref pf . . . 40 49500 & U S Steel 71 94 100 7 U S Steel pf 105ft 500 Utah Copper 47ft 100 .. Vanadium Corp 30 300 . Va-Carolina Chem ... 35 1500 s Va-Car Chem pf 65 100 Vlvaudou Ino Oft 300 . Wabnsh 794 000 Wabash pf A 10ft 500 Western Maryland ... Oft 700 .. West Maryland 2d pf. 14ft 400 Western Pacific 3394 100 7 Western Union Tel... 8794 1000 4 Wcstlnghouee A M. 48 300 . Wheeling A L, E 794 200 4 White Motor 36 ft 500 .. White Oil Corp ft 3700 .. Willis-Overland .... 7 1300 . Will j b. Overland pf ... 28 10 1 ft Wilson A Co 3.1 200 0 Worthington Pump ..41ft 200 Wright Aero. Corp. 04 1,0V 'ft R 3194 "4 48 35 1794 SH ' 94 25 S 4794 141ft 11 014 140ft 108 16 394 108 1SIA 10 ft 33 ft 10ft 3 , 4- I694 30 "14 14 106 80 41 "ft 94 10 ft 47ft 65 66 18ft 16ft Oft 68 N 1ft 4 33 136 38 1094 soft 3394 40 ft 43 37 ft 794 40 ft 164 30ft 17H 1594 38 ft 54 ft 35 ft 05 04 ft 2H 25 ft 75 ft lift 63 ft 18 41 ft 48ft 11 30 38ft 2094 3ft 0ft 63ft 6ft 40 1094 .13 68ft 18 105ft 23 ft 374 70 ft Oft 4 94 7 31 ft 1894 18 13ft 50ft 7ft .11 66 17ft H3ft 64 ft 87 101 894 16ft 51 13ft 15 4894 44 83ft lft 40 70 ft 105ft 464 26 35 60 6ft 7ft 10 9ft 14ft 33 94 8794 43ft 74 30 ft 0 ft 36 ft 33 41ft Oft 1:30 Net Close Char V : 3194 194 33ft- 94 48 - 14 38 - 1ft 1794- ft 33-1 2894- M, 4794- H 141ft- 1ft lift t. ft . 140ft- 44 108 1 16 - ft H- 94 108 ft 4 -17 -38 17ft .. 14-1 106 30 43ft- 3ft 71ft ft 394- ft 10ft- ft 47ft- ft 58 - ft 66 18ft .. 16ft- ft Sflft- 1ft 65 - 1ft 8 1ft 4 .'.. 33 180 - 38 10E3- 80 ft 3394 48ft 43 -3394 794-46ft-164 30ft- 1794 15 38ft 4ft 994 ft 51ft- 26 ft 65 -3ft-38 35ft 18 - 1 42 - 3ft 4894 3ft 11 94 30 - 94 20ft 1ft 21ft 30ft- 0H 05 - 0ft r 33 68 ft . 18 -105ft- 33ft- 1ft ft 1ft 194 ft 94 ft 94 H PRESSURE ON CURB Lackawanna Rights Activo at 35 to 34 Fair Trade in Oils ' New York, -.June 23. Price move ments fan the Urond'Street Curb were irregular, and" special Interest was at inched tn the pressure, which appeared against the Lackawanna rights nnd coal stock. Tho rights were traded In on n fairly largo wale at 35 to 34 and Glen Alden Coal (.old down to 30. South ern Conl nnd Iron was firm, with a moderate nmount of business nt 3. Fnr- rell Conl wns also firm,. with sales nt "k nlted Ilctail Candv was In better demand, but did not change Us market position, selling at Oft. Swccta uo. wns fairly active, nclllng ut 2. British-American Tobacco coupon stock wns In Incronsed supply and yielded to 12". Commonwealth Flnnncc sold nt 43. Business In the petroleum stocks was fairly active, most interest being at tached to the renewed pressure against the Cities Service Issues, the common stock being thrown on the market In large blocks nnd breaking from 118 to 100, passing the low record made on Monday, a week ago. The prcierrea stock dropped from 44U to 43 and the Rankers Certificates wero traded in ut 12 tn 124. Carib Syndicate wm also heavy, falling from "1 to the new low record of Ii. 1 Standard Oil of Indiana, on a few sales, yielded from 03 to 02'4. Anglo American Oil was also heavy, being in fluenced by the coming Issue of now stock, and declined to lfift. Mk. Basin was steady, selling nt 04- T'c'c wsb a small nmount of business in Interna tional Petroleum nt 12. Maracalbo was in fair demand, with trading nt 24 to 24 V4. Slmms Petroleum showed a heavy tone, ranging from 7 to fl5!. INnUSTIUAI.8 lft ft ft ft ft Acme Coal llrll-Amer Tobacco i-oup Com Finance .... n L. W night Empire Food Farrell Coal Gltn Alden Coal I'trfectlon Tire . Southern Coal 4 Iron Sweeta Co . . U S Dlatrlbutlnn II S Ship Corp U 8 Steam . . . United I'ront Sharing United "Ret Candy . . Hlah 1H . 12S . 13 3S HIV, . HV. S05J . 3 . -jh 23 (HI Low milt 43 34 K 3D T 3 374 23 0'4 BTANDAItn OII.8 Anglo-Am Oil S Oil of Ind . K.S 03 82H INPEI'KNDRNT OILS Allied Oil 4 Ilnlto Pet OJa 38 - 1ft 71ft- 0ft-494-7 - 31J4 094 18ft 18ft 60 ft-7ft-31 - 05 - 1 t1- lft 113 - ft 64 ftV ft 87 - lft 101 - ft 894- ft 18ft- ft lft 94 13ft lft- 194 soft- h - lft 4ft- tft "194 40 - 7094- 105ft 17 36 -28 - 03 - 3 6ft 'ft 10 - 14 0ft "14- ft "94- lft 8794- 194 '- 94 794 30 ft - .4 0ft ft 8ft- ft 36ft- 3ft lft lft 0ft ft n' 7 2 Itnnn. Oil . Itoston Wyoming- . ... 72 Carlb Syn OH Cltlea Service (old) .. 118 intlea Service 'll" ctfs 12J 1 Cities Serke pfd .. . . 44W Denny Oil A I Elk Uaaln Pet 0 1 Engineers Petrol t Hudson Oil S Int Petrol 12 1 Maracalbo Oil ... -; Merrltt oil " I Mexico Oil 1H 'Mountain rrnducts . N O Co Pet Producer & Refiners Salt Creek Prod . . Slmma Pet . Skelly OH , Texon . . .... United Iloyalty .... MINIMI AlRaka 11 r Columbia... . f, Atlanta 1 lllg Ledge ... H Hooth 3 Host & Mont 47 Calod Mtn 10 Cnndelarla 51 28 Cortez Silver 76 Creaaon Uold li Creacent McNamara ... H Dundee Aril t Eureka Croeaua 32 Eureka Holly IS Qold Cons 7 Gold Kewuna I (lold Silver Pick U Ilecla Mining 4 Iron Ulosaom 10 Knox Divide. 14 McNamara 10 Mother IOde new 4 Nlplaalnc 44 Rx Cona "4 liocheater Mlnea . ... 0 San Toy 3 Hller Hllla of Nev 1H So Am P & U 5 S Silver Lead A Success Mln .... 3 Tonopah Ilelmont 1 1 onopan cairn xivy u Tonopah DIMde . Tonopah Extension Tonopah Midway Tonopah Ann Tonopah Mlzpah Tonopah Montana Tonopah Rescue Eula. United Eastern Victory . . Weat End C&n White Capa Wllbert 4 00 A 106 12H 43 H 24 7 1 7 ! 3V 04 0 3'4 It 3 4n 10 211 78 14 H 4 .in v- 1 u S'i trt 13 If. 4i 4'i 7 ft 3 17 14 3A Commodity Markets COTTON MARKET New York, June 23. Overnight buy ing orders established a steady tone nt the opening in the cotton market to da, llrst prices being 3 points lower to 3 points higher Demand was cbivfl) for late months, based on reports of further rains in the Southwest, where dry weather is desirable. Wall 8treet and Jnpanre interests were among thi rarh bin pi h. while offerings came prin cipalis from New Orleans, where largo tenders are expected on Saturday. After tho start the lUt acted steHd with quotations rululng about 5 to 0 points under last nlghfe close, owing to sales by room traders, bnsed on ensiei stock market The receipts at tho port for the dn are estimated ut 12,000 bnles. against 10.000 bales a week ago, 40&2 bales a year ago and 1 0.570 bales two years OK"- ... i'revioui 1 .ou r il. 10 1)0 11.74 12 28 ndtance. There was sufficient demand, however, to hold the market fairly steady. Official cables today confirmed the reports received late on "Wednesday of an advance of sc in the Uio ex change rate on Iondon. The Bio exchange coffee market wn reportexl rather unsettled, and an otli eiul cable at 11 o'cKx-k quoted the mar set at Vt' lower at lc. On thih a lornl tra lo interest sold December off 10 points to 0.07c, but other months were holding relatively cteady, although sentiment seemed i little unsettled nud 1 disposition was sliowii to nwuit deiel opments. Exchanges of Julj tn later months were very heavy. Previous Cloee Ori n July (1.04 ft OSeti'i September 0.3S H348 Decgmber il 78 H 7(lft77 atarcb , 7 12 TIMiOln AR SILVER liar iler was d lower In London te la) at 33Hd 7 324 07 21-j 2.TW 10'i .'.TV, 40 rnf,'. " M 7 4Rii 324 . 07 21 2S) 1V - 1. 4 ! July October De-embr Juniury Ur. n Clone Open lion if 03 11.01 11 00 12.47 12 40 12 ao 12 no 12.07 12 ns GRAIN MARKET !54 . . i. 40T' 70 100 1024 103 nou. U. S. Certificates and Treasury Notes H.L. SMITH & Co. INVESTMENT SECURITIES 1 000 Land Till B!d. Sprue. 6721-2 I Int ' Rut ll tfti t'H aw ?ii Aug Sept Sept Ort 111 t Pep" I'tli Mar Maturing Date 1H2I , mat Lawrence E. Brown & Co. CERTIFIED PUBLIC ACCOUNTANTS Itl&O UK.lI. KHTAT1C TltlKT III l.n iDveailaata and adJiiHt lurunruHnn ..' partnaralilti aci'tiunt aud prepare. Income u 11121 1U21 Hl.'l lll.'l HU2 ' .Mar in.: 3 June 1022 T-.114 June iv. 1 tuu iwiitv o iu Exempt fri-m normal Federal Income tax. 'Acceptable for payment of Income tax due mi dm of maturity Bid lonp, too l-.i: im HiO 1-8'. 100'. 100 A inn 100H 100 100 A eked Yield ino 5-32 4.85 inn 3-32 B on 100 7-82 4 08 KiOH ft. 04 1011 7-32 ft 03 100 A ft (17 ino, ft. as 100 5.8. 100,V ft 48 100 6 70 English Reduce Discount Rate Ijmdon. June 23 The today reduced Its rate of par cent to 0 per cent Hank of Knaland ttacount from CM Chicago, June 23 Wheat btartcd lc higher for July aud a4c to l'ic higher for September with buying led by a coiiimlaslon house with riastern con nections. Iocal handlers report over night sales of r0,000 bushels of now wheat for export. Itecelptfi are esti mated at 24 cars; last year 5 cars. The cash market was relatively steady with a fair demand and moderate of ferings. Advices from Illinois points Bay farmers are too busy with harvest work to market wheat, but a good movement 1b expected next wek. Exporters bought borne nearby wheat at the Oulf yesterday, but It was sup posed to be to cover shorts. No new business was reported. Corn started ',4) higher to Wc lower for July and unchanged to c higher for September Trade was mixed nnd light, awaiting developments. Oats started Vbc lower for July nnd uuehanged for the other deliveries with a limited trade NEW YORK COFFEE MARKET New York. June 23. The local coffee futures market opened 2 to 4 points lower this morning, with July liquidation well under way and some profit-taking after yesterday's sharp Liverpool Cotton Liverpool, June 23. Spot cottorr wae etow of sale today with prices unchnnuei) on the bails of 7 Old for middling- Tbe ak were 3000 bain The rvcclpta uere 1000 Imlet" none American Kuturea were ijuiet In the early deallnzs. Spot prices were Ainorlr.in middling; fair. 0 noil, good middling 8 U0d. fully middling;. 7.0U1I. mlddllnx. 17 old b, mliMllna. Hold, good ordinary 4 70d ,in) ordinary. 4.010. American Shipbuilding Pays Extra 'l-eland. June 23. The American Ship building Co. declared an extra dividend nf JH per cent on the common and the i tit ular quarterly dlvldenda of 1 per cent on the common and preferred atocka nil payable August 1 to stock of record July lft Va.-Car. Chemical Passes Dividend New York. June 28 Tho Vlrglirta Caro Una Chemical Co today paased Iu renular Ur quarterly dividend of S) per com on pre (erred stock, because of trade conditions VETERAN, 76, SEEKS DEATH Joseph McQuIre Says He Cannot 'Live on Pension Inability to live on his pension was assigned as the renson for the attempt of Joseph McGulre, a seventy-slx-yenr old Civil War veteran', to commit sui cide yesterday. Police of the Twenty-sixth and York streets station house say that McGulre, who lives at 1430 Itldge avenue, shot himself twice In the temple while wulk log In Falrmount Park He was taken to the Woman's Homeopathic Hospital, where physicians believe ha will recover. PARTICIPATION IN GERMAN REPARATIONS DENIED U. S. Division of Indemnity Agreed on by English and French Commissioners Specfal Cable Dispatch. Copyright. I9tl Paris. June 23. Official action bar ring the United Stntes from partici pating in nny reparations from Ger many was taken yesterday when Sir John Bradbury and Louis' Dubois reached an agreement apportioning the balance of the OVa Pr cent remainder nfter France receives 52 percent: Great Britain, 22; Italy, 10: Belgium, S, and Japan and Portugal of 1 per cent each of the totnl. 8crbla receives priority in allocation of the remaining Gl, per cent. Uu munla's claims arc considered neat, but the UcparntloiiH Commission takes ac count of the fact that, through acquisi tion of Transylvania and Dobrudga Hu mania gains territorially. Brazil, Cuba, Greece, Siam nnd Czecho-Slovakla also share In the al lotments, but the claims of Bolivia. China Peru nnd Poland were rejected. WINANSMiOME IN ll. S. 1 British Court Decides Maryland Wat I Late Horseman's Legal Domicile London. June 23. (By A. P.) The question as to the legal domicile of I Hie Inte Walter Winans. prominent American horweman, who collapsed and I died while participating In a nice at -, ' - ' .-.. nun, nun out lied today when the Probate Court here ruled that Mr. Winana had never been a permanent reaitlcnt either of Eng land or Belgium, but wnii a resident of Maryland when he died. The case nroso from the application of the executors for prnbntlng uf Mr. Winans' will. The payment of duties on the estate was to some etent de pendent on tho decision of the Prnlmtn Court. TURK8 USE U. S. SUPPLIES Special Coble Olapatch. Copyright. I9tl Paris, June 23. British and French artillery and American machine guns, rifles and gronades will be used by the Turks to repel the Greek offensive. The mnjority of Mustnpha Kemnl's first lino troopa wore American uniforms and shoes. These American supplies arc smuggled through the Greek blockade by Italian gun runners. ft 11 & 10 2 A 3 ' A 3 11 ft ID nONDS Allied Packer fls Allied I'ocker ctfa Ajuer Tel 1022 Amer Tel 0s 1024 Anaconda g Anaconda 7s 1020 Armour 7 Can Nat Ry eq 7 Chicago Un Sta OHs Cone One Ha Sons Textile 7 . . pper Kxport 6a 1023 Copper Kxport 8s 1024. Galena 7a Qrn ml Trunk 6Hs Oulf Oil 7 Helnx Co 7a Humble 7a . Interboro 7 Kennecott 7 . . Sears Roebuck 7a 1021 Southern Hy a Southweat Hell 7 Stand Oil N Y 7x 102ft Stand Oil N Y 7e 1020 Stand Oil N Y 7 1027 Stand Oil N Y 7t 1H2H Stand Oil N Y 7a 1030 Stand Oil N Y OVia Sun Oil 8s Swift & Co 7s . ... Toxaa Co 7a L'n Drug 6a Vacuum 7a ... Weat Klec 7a 1.30 r. M. IU 12'. a 43 3ft inu 14U 311 i a 2. 23 . (IU IftH 02tt 4 ftU s 72 ft 111 129. 4.1 1 12-4 24 7W 1 7 7H 34 SI. 3k r 4 3 411 10 2N 70 s 4 31 IS 7 1 Ii 4 HI 14 lft S 4'i VA n t IK 44 3A I ft m 11 8A ft 10 10s 40S 7; 40H 404 . 40S 40 mu 07: n OSH OSS 0JS Sft 8ft M . 92 HIS 1S 1I4S 01S 01S .100 100 100 loiu ioiv; lots .106H ioou loou ioojJ iooh ifio . 00 90 Ull . 004 00s ouj, oau 03U 08 oau 08U iiju . 88S 5S 05H . 98 08 08 . (iSH 8B Oft 78 77W 78i 00H oovS 004 90S on',-5 nt'S . OftS OftS uftS (1 on oevi on'i 101 101K 101H 1 nut iniu iniu 161S 101 101S 1011 lOHi loiSi oSh oU OSt 100 011 . 08H 102 uS on 0SS IIS '4 ion 4 oat 0: iinS 90 11 M4 08t l()l) 0S US. FOREIGN EXCHANGE New York, June 23. Hates on (he principal Kuropcun centers were slightly easier at the opening of the foreign exchange market todnj. De mand sterling was off approximately 1V cents. The other major exchanges opened downward in sympathy with sterling. Quotations follow : Sterling cables 3.75, demand 3.74 V- ; franc cables 8.04, checks 8.03 ; Belgian cables 8.00, checks 7.00; lire cables 4.00, checks 4.80 ; Swiss cables 10.00, checks 10.87; peseta cables ia,.'10, checks 13.28; guilder cables 33.15, checks 33.10; Stockholm cables 22.10, checks 22.35; Christliinia cables 14.10, checks 14,35; Copenhagen cables 17,10 checks 17.05; marks 1.40V4. The rate of premium tin New York funds in Montreal today was i; per cent, The rate of discount on Canadian funds in New York today was 12V4 per cent. Greek exchange was off oor 10 points today at 6.12; Rumanian uns 1.57; Bulgarian, 1:15; Austrian, .10; Poland, .00; Ciecho-Slovnkia, 1.37; Jugo-Sluvlan. .70a. YESTK.nDAY'S FINAL QUOTATIONS Sterling Ptancs Lire Oullders Demand . 3.7 U 8.02 4.0R 83 15 Cablea ... S.7ftH 8.04 4 117 fill "ft TOUAYS OIUN!Nd QUOTATIONS Sterling Prunes Lire Oulldsra Demand .. 8.74'i 8.0.1 4.H0H 33 ?i Cablea . . 8.7ft .t)4 4 90 33.1ft No Change In Raw 8ugars New York, June 28. Haw augara con tinue unchanged on the baala of 4c for Porto Illcoa. Cubaa continue to h nnnin.n. quoted at 3.88c to 3 c. Holders of l'orto ftlcos were disposed to offer around 4io tiist hnulna Inlirsal a-vwila - 1 -. .. vi jut, uuiina iunt cninitii ii n If fin Art sugar Is uuoted at ftWo. llualnes. n re lined la conrtned to a large extent to ahlo. menta from rednera1 alncku ii,rr.t,u . country, which explylna partly the dearth of orders In thli markrl, Exemption From All Taxation The market for Tax Exempt Securities !,. declined to approximately the low level of last August ' As tho demand for these bonds at the moment is. very limited it would seem as if tho present market offered an unusual opportunity to the discriminating investor ' seeking absolute safety and exemption from All Tax- ation both State and Federal. , , 7 We specialize in Tax Free Pennsylvania Municipal Bonds and shall be glad to submit a list of these offer ings, which include: City of Philadelphia 4s Lawrence County 4s City of Bethlehem 4s City of Johnstown 5s Prices to Net 4.95 to 5 Per Cent. ) Biddle & Henry 104 South Fifth Street ATTRACTIVE a 1 1 in INVESTMENl r . c- w . . ,v 1 : iiu, FRENCH REPUBLIC 20-Yr. External Gold Bonds Assured Income for 20 Years, as These Bonds Are Not Callable Freo from any speculative features due to exchange Sinking fund for first five years of not less than $9,000,000 per annum to insure strong market. Price to yield over 8 (4 A '.'Vl 'K, i, I 1 . 'tin 1 .:V,t.;i -ifJ. t''..T vm. m mM m 'A SECURITIES DEPARTMENT COMMERCIAL TRUST COMPANY Member Federal Reserve System City Hall Square West 1812 1921 THE Pennsylvania Company for Insurances on Lives and Granting Annuities TRUST AND SAFE DEPOSIT COMPANY Capital and Surplus $7,000,000 Member Federal Reserve System IIIIOAP HTRKKT OFFICK ClieMnut and Juniper Streets The First Consideration when making an investment is Safety There is a vast difference be tween investment and specula tion. Investment requires the advice that comes of long ex perience in conservative prac tice. Speculation invites risks of a kind that a stimulated imag ination overlooks. We invite conference mi any investment subject. HARPER 8.TURNER Investment Bankers Ifembera of I'MUulttphici 8toek Kichange Stock Exchange Building bcromon Philadelphia Itmding UAMilUttJ Dealers in Investment Securities UtmbT A'eu Vorfc and fluladtlgMa 321 Chestnut St., Philadelphia American ia Couipunr , 1. 11 lire iiennnifr lo. 1'hlla. Haiildjrruiisit.. tieneral (Ins i Elertrte rhlla. Company Cons, Indiana Henlrr Corn. Ts 1028 6'a 11131 S'a 1057 fl'a 19!D ft'e 1051 S'a I MO Samuel K. Phillips & Company Mrmlieni 1'hlladelnhla film-It Kxrhance 0T CHKHTNPT HTItKKT P. J. VAN BILLIARD ACCOUNT ANT-ATjniTOB UptciaHting in FKDERAI. INCOME TAXE Formtrlv wtth ln.com Tat Unit BM "fu L!n,trnat Revenue MO RKAI. FXTATK trust miv, T M - V B.ef ftp I 517 Chestnut Street Philadelphia Current Information on Grain Markets - Ii of vast importance to thai interested in this commodity. Through our prirnte wire trt' ice we are constantly in touch with the leading markets. A telephone call at any time dur ing business hours will ac quaint you with the latest quo tation and developments. Boureau & Evans Member I rhlla. Stock KicJudis V Chlcnto noard of Trail 130 South 15th Street Philadelphia l.ocuat HM Ilaoe lilt Denver Gns & Elcc. 7s. 1922 Empire Ileflnlng 6s, 1927 Cons. Cities Lt. Pr. & Trac. 5s, 19M Kastern Shore Gas & Elcc. 6s, 19 MCown&C Land Title Dldg., Phils, Ps. mor f MladilpMa Btock ; Extent- Denver Gas & Elec. 7s, 1922 United Gas Imp. 8s, 1923 Georgia Rwy. & Pr. 5s, 1954 N. J. Pr. & Lt. 5n, 1936 HENRY D.BOENNING & CO, Direct 1'rUute Telephone to l",Ml Member, l'hlla, Htock Kxrhaois AUTOMOBILE INSURANCE t t.idertv MirrnAti iNHrnANCK.COia, to. -... mnia 911.22 HA. f, C. S. PATTON & CO. JO A CHKSTNCT trti. BANKERS Jfe2 A ' : l --... -f m . a r tit' x . m ..rii 'V fW'.,jt''j .rt,.fA(M'i " V T :
Significant historical Pennsylvania newspapers