TTOWTwnHnwflv-i -
., 1 "vt -t '. . -i .,",
rvi i" . " i i rrr . a mx?.. - ,r itwiMivt'-mn -i ... t t t ' i" bj- B-wainni tj nriRR mn - -t w -' -"'.' iji.r "t1 nscTwnnrnun -j ",. r r- i" mi nil iiiini mi i i '"' s -vBaaaaaauaai
iT.f-.K. ,'''
U. '?- " -',' -" , -'- .. - .'-..n: " l.'T-r, .Vc'i.r''&KVV' r,-':- ;r -' 'Tk
, . .''.. li
, H'-' r"f '- . u 4. -
j -, 5 V
EVENING PUBLIC LEDGEK-PHILADELPHIA, MONDAY, JUNE 27, 1921
20
;
'.i '
',
i
Lb
?
i
i
En
m
i
FV
Pennsylvania
Water and Power Co.
First Mortgage 5s
Duo July I, 1950
Theso fint mortgage 5s
arc secured on the hydro-electric
plant nt Holtwood, Pennn.,
which supplies power whole
snlc to the cities of Baltimore
and Lancaster. Earnings arc
2 times interest charges. A
Sinking fund annually re
duces the $10,470,000 first 5s.
58,495,000 stock selling nt
about S3 Mi and paying 7 per
cent dividends follows this
issue.
Price : 06 and Interest
To Not 6.50 Por Cent
Biddle & Henry
104 SOUTH FIFTH ST.
MARKET
RAGED
AFTER EARLY RISE
Buying Power Found Limited
When Demand From Short
Intorest Slackened
&
1 mm
vs
iW atirl
8583
s
WWITO;
-I
I-
The
Present Situation
Cloud" the m mil if oven the
pn-t xperlcncrd Investors.
V IpMpi. In tlio fundamental
so'inilncm nt our vtabll"liiil
mrporatloriH W believe that
priont rcntiomii' condition
liaf not Impaired tlielr s.ift
isoned bonds are a pui chase
Wf v'l n-enmnvrd a l't of
such up rco,ue.t.
BATTLES & CO.
ElloMuhrd lift
tnt)cwndfnc Souare (Et)
EJroraimiHniiraiaiiiuwijniiiiiiiiiiiiiiiiia'iijiiaaimiaiirami'
NEW YORK STOCK EXCHANGE TRANSACTIONS
a?n3
Ml
Spruce 8200
LIBERTY BONDS
VICTORY NOTES
TREASURY NOTES
&
CERTIFICATES
SECiniTIKS DUIWRTMENT
Commercial Trust
Company
Mfmhtr Tfdrral Bcitnt OfU-a
City Hall Square Wet
uwrsLiaiiraM.iivxuiiiJCiuiKmjr.iiiiunjtmmriiituuuiiiaimi'iiimiity
ESTABLISHED 186S
BSGREN & CO.
BANJERS
410 Chestnut St., Philadelphia
Government,
Municipal, Railroad
and Corporation
Securities
New Yor!. June 27. The operation
In today's stork mnrkrt carried no pnr
tlrtilar slgnlficnnro other than the ad
instniotits nroe.s"nr.v to Inst wrck' vio
lent fluctuations. Further coloring of
! tlu short interest wns In evidence dur
ing the earlier proceedings, but when
the demand from this quarter slackened
i a drooping tondenr appeared in nil
parts of the list, indicating n continued
' nbseii'i' of orgnni;.ed billing pftuer.
Over - the week end developments
1 failed to prpsenl iinylhlng particularly
'inspiring or of an adverse charniter.
Advices concerning the foreign Indus -
' frlnl aitnntlnn ;iiiiiiPfl n more hotiefill
8 ' nsnect with eer promise of an early
settlement of the IlrltHi coul strike
which hns been under way for eight. -seven
days. The better feeling in this
i-itfioi( uai rrt1op(pi1 in tltn lirniir for
I eign exchange mniket. with a substan
Itial advance In sterling. At home the
more encouraging feature wns fnuuil in
the continued case of the call money
market, with the rencwnlrate for de
mand Ioiiiin ngniii fixed nt ." pet cent.
It n. however, conditions witbtu
the mniket Itself rather than outside
happeutngo which liaped the course of
1 prices. It was noticeaiiie wnii'1 senn
ment on (lie street was much more
hopeful, uud while there seemed to be
nn almost unanimity of opinion that the
I liquidating movement wns at least teni
! porarlly completed, there was a general
J disposition to movij cautious. . Lend
ing commission nouses n a ruie nnviscu
against following up the rallies and
recommended deferring of purchases un
til the market had found a settled ten
donc or until there ns some reaction
Onlv a model ate olunie of lin-nies
'uns transacted on the higher range
I of price macle during the early trading.
Much of this represented buing md-rs
I prompted l ln-t coU' late inlh. but
I the gi( titer pait piobabh ionited of
short coi ering. Tin- at leni was vug
lgefted In the moi-cpionounced ilullne.-s
1 which followed the iec('sion fiom the
higher range of the first hour, disclosing
h conspicuous paucity in the bu.ntig de-
mnnd Yet. on the other hand, the beat
I following found nothing to encourage
resumption of the aggressive tactic
I adopted last woel,. Tin- indicated the
'probability of the market working Into
wi narrow trading area such as it occu
pied prior to the Inauguration of the
-eere liquidating moeinent.
The market opened with nianr nddi
n.iial additions 1o last Satunlni - i lc-.'loii-
Mill.i. the rcemrle again be-
mg marked in llio-e spei'iihiln e i-pe
initio.- which reieiitly wen- undir tin
heaviest pressure An inieien trend
nvelopid before noon, when some of1
he ai cepted lenders, such as Mexican '
retroleum. Haldwiu I.oiomotie and j
I niteil States Uubber. became lieniy. ,
I'aiiadinn rncilic also showed n-curreni
pressure, but minor rails, notably the
colares, were firm.
STEADIER TONE Ar
THE LOCAL MARKET
Vnn.sy'.s Favorable May State
ment Was Without Effort
on That Stock
i'ncei were steadier in the local mar
ket, but the trading wn- insuffernblj
dull and featuielejs. With the excep
tion of Pennsylvania Itailroad and
Klectric Storage Battery, transactions
consisted of small odd lots, reflecting
a prnetlcally complete suspension of In-
i tercst. Pennsylvania Itailroad made a
iory poor response to the Mai state-
I meiit of enniings, which altogether were
nuitp favorable. Much more so. in
' tiuth. than had been expected, as it
a predicted last week because of the
further s'owlng down of liuslnc- the
-h. u iIZ woi.ld llki lv be lll-llipolll1illg
Til" tatc'lK nt of oor ration- li iwevcr
ndi ct' 1 i'c nmiine nun' hid u
cnsi.'l hi ninin'nining in uiP" i IihihI
in oiic.ntmg expenses and the -ecre
retrenchments instituted 'lie In-t two
months wire having the desired ococt.
The stock, after making further rnll
Sn.lei
101
100
1001
OilO
1200
200
too
too
100
1310
00(1
000
200
3300
300
100
100
1300
ino
100
2000
sooo
200
1000
1000
fino
400(1
400
.100
too
100
400
100
7010
MOO
4sfl0
200
.1000
100
200
100
200
30,1
100
1400
300
300
10700
4000
100
(100
A00
.'00
0300
ooa
f 200
200
4300
too
100
2400
100
5? ioo
A00
mno
3700
3300
0300
200
' 1310
200
' 100
000
r' ioo
i 100
3300
301
200
300
200
0l!
30 1 on
100
200
2700
100
200
ioo
too
1300
200
100
200
000
1G00
100
100
310
2001
100
1201
300
101
2fl0l
200
1700
101
1401
Dlv.
in J
Hloti
Adams Express B.UJ
. . Advance Humely 13
. . Ajax Rubber 9314
4 Allied Cbem &. Dye... !W
4 Allls-Chnlmers 3! '4
Am Agrlc l hem 37 f
7 Am Agrle Chem pf... 02J4
. . Am Beet Sugar 20
. Am HoFch Stagneto. . . 34
Am Can 28
12 Am Car & Kdy 120?
Am rrug Syn tl
. . Am Hide i- Leather pf 49
. . Am Internat Corp.... 34
. Am Linseed 23'4
fl Am Iocomotlvo 78
Am Safety Hazor 4'
,m Smelt & Ref 37'
0 Am Smelt Sec A
7 Am Suitor Kef pf . .
7 Am Sunar ttcf .
n Am Sumatra
fl Am Sumatra, Toh pf.
0 Am Tel & Tel
12 Am Tobacco
12 Am Tobacco; B
7 tn IVoolen . . .
. Am IVrlttnc Paper pf 120
.. Anaconda Copper .... 37ij
. Assets Realization . 1'4
a Asso rn- noods 1st pf 03 M
fi Atcli Top A- Snntn Fe. 70'fc
t, Atcb Top ,t S Fpf. . .
. Atl Gulf A W I S S
7 Baldwin Tcomotlvo.
Baltimore & Ohio
4 Baltimore A Ohio pf.
,1 Bethlehem Steel B
Brklin Rapid Transit 10
Brklyn R T ctfs of dep 7
Butte A Superior Cop II M
ButteilcU
California t'etroleum ,
2 Calumet A Arizona..
,1110(11.111 P.iclflc
entrat Leather
Central Leather pf .
i 'handler Motors
ciifapea1e & Oh'o
Chlcipo & Alton . . .
rhtcaKo Mil & St r
Chicago Mil St P pf
00
. 00
. 74
. M4
. SO
.102",
,120
. 117T5
. 00'i
7fi',i
2J'i
00 "2
30 1
40A
47
in
l't
40
401',
lOS'i
3S
70 'i
S3?;
.10 H
Cfs
2S'i
3S
Chicago N'orthwestcrn 02
Chi R I & Pac now
Till R 1 & Pac 6 Pf . 01
Chile Copper 10 J
Chifio Copper 22
30' 8
.11
.10
f,
30
!'.
OfllA
30'j
r.7",
14'-i
0'2
204
lfll7
7J4
12'i
o.
00
7
( oca-Cola
col & Southern
0 Colum Gas : Hlec. . . .
Col Grnphophone .
7 Cn Graphophono pf . .
Comp Tnb Records. .
7 Consolidated G.m
Continental Candy . . .
4 C orn Products Rof . . . .
10 Cosden & Co
4 Crucible Steel
2 Cuban Itn Sugar . . .
. . Cuban cane Suijar pf.
7 Cuban Cane Sugar pf.
1 Dome Mines
5 Kndlcott-Johnron ....
. . T:r1e
. . Krle 1st pf
Famous Players I .
Federal Mln & Smelt
4 Federal Mln & Smlt pf 24
Flsk Rubbei 13"
.. Freeport Trxas . . 13'i
. Gaston IVtus IVIg. . '4
General Aph.i't . S5I4
.-, General Vsphalt pf. .00
H General Clectrlc 127 'J
1 Gener.il Motors ... 10
C Gen Motors deb K' .. 02
7 J n Motors deb 7 T. . . . 71 'j
Goodrich B F 20
7 Goodrich B F pf . ..07
7 Groat Northern pf ... OS!
4 Gt North Oro . tfs .37
2 Guantnnamo Sugar .. RH
.. Gulf Mobile & Nor ... Ri'j
Houston Oil 11V4
00 Indl.ohoma Ref -Hi
.. Inspiration Con Cap . 32 4,
Interb Con Corp 8H
Inter Con Corp pf lO'J
Int Harvester now. ... SI
Tnt Mer Marine . . . 10i'2
Int Mer Marine pf 4S'-
Int Motortruck It-' pf C
Intern.itlni'al Nickel . 13"i
lntct national Piper . f1V
Invincible Oil Corp H'4
t-l.ind OH 3t-
.lwel Ten ... 0U
Kansas Ot Southern 25
toT
3.114
13
vtM
37W
301,4
30'i
02 '4
2ft
34
25',4
U0!2
'4
41
3? '-4
23 li
7s V,
4'4
3314
no
00
73 tj
3M4
7.H4
ioch
119
1 1 71 4
074
3314
37
I'i
03 U
7014
231,
07
30 1 fe
4P4
Ja
10
0'i
11 3
"',
30
4OI4
1071
14";
70t,
01
SOI
OJt
24 'i
37l'
Oils
2'4
00i,i,
10 J
33 H
371,
34
fiO
m
1"",3
30
SSJi
14
04 '',
in
.is
U'
0',i
2014
IB'4
30
13 V2
IS
0H
O'i
24
n
l.t'n
l'
r.i
00
127'i,
0'a
02
71'j
r.7
0I?4
27
"H
fi'3
11 '
3
32 4
3M
10 (-J
S2
102
40' s
OR
13'i
.11
lll4
3'a
O14
24 1 4
1 30 Not
Clos Chge.
3V4 li
18
234 r
30(4-
03U
20 -31
4-
2514
IIOI4 -
-40
31W
33V4 -00
00
73!-
so
I03H -110
-11714-
07'i
20 37 -
l,i
03 H
23 U -07
-30J4
401j 1
44 li
lt 1
7 t
tt
14
4
!,
',4
I
l!i
4
14
t',4
V
9?i
4
l'4
H
H4
M
1',
n
14
IS
14
'i
s
il?if 1
17',,
31
401,4 J
10714 -
34'2 -
7014 i-
314
1'.
V4
'4
14
S3 f
A0', -rQH
0'4 14
24-3714-03
20H
oo(4 -s-
103J
32 8-r
30 -3
.10 X
414
iVz-
30 1-
4
14
'14
!4
4
Ssts
300
300
100
100
JSOO
200
2700
100
10U
300
400
100
32000
300
3000
300
1200
200
100
ioo
1100
100
100
100
too
100
200
300
1000
200
100
480D
1600
100
100
900
3000
OfiOO
2101)
1400
400
1000
700
7400
400
300
200
100
200
700
1100
100
5200
100
1400
Dlx.
In t
4
ItlKh
Kansas City So pf..., 40
Kclly-Sprlngfleld Tiro. 3T44
. Kennecolt Copper . . . 1RJ4
. . Keystono T & 71 10
.. Lncltawnnna Steel ... 3814
t Loft Candy 1014
. Loewo Co .... 1 1
13 Lorlllard Tobacco ...141
7 Louisville & NashvlllelOR
. Marlnnd Oil 14)4
B May Dept Stores 84
. Market St Hy pr pf . . 35(4
12 Mexican Petroleum ..11814
2 Miami Copper 31
00 Middle States Corp... 1l'4
. . Mldvale Steel 23
.. Minn & St Louis .... U'i
.. Mo Kansas & Tcxnn.. 314
. Missouri Pacific 10(4
. . Missouri Pacific pf . . . 38J4
Montgomery Ward ... 1814
.. National Acmo 15
7 National Biscuit tos
. . Nntlonnl Con & Cable.
Nat nnum & Stamp. .
n National Lead
M4
44(4
74t2
7 Nntlonol 1end pf 100
Nev Con Copper 11
ft New York Central.... OS (4
. . New York C of St L. . 45
New York Dock pf . . . 53
. . New York N IT & H. . 18 J
7 Northern Pnclllo 88 J4
. . Okla Prod A Ref 2
2 Orpheiim Circuit .... 2244
2 Owens Bottling 2854
. Pacific Oil 3.1(4
0 Pan Anier Petrol .... 50J4
0 Pnn-Amer B 45
2 Pennsylvania R R . . 33H
. . Peoples Gas Chicago. . 51'i
Pere Marquette 184
. . Phillips Pet 18)
Pierce-Arrow Motor .. H
.. Pierce Arrow pf 3S
. Pierce OH 8?4
. Pittsburgh A W Va. .. 2014
ft Pitts Coal 55
8 Pressed Stool Car . 0514
. . Punta Alegre Sugar.. 20
4 Pure Oil 204
. . Ray Con Coppor 1214
1 Rending 0014
2 Reading 1st pf 38(4
.. Renub Iron & Steol. .. 5
3500 a. 20 Royal Dutch N Y
1200
200
lOnO
200
S3'
2 r
1J
04 H -20
-.159-4
-
4',-
014 -284
X
IOI4 J
58 -12(4
X
1 T
.17 -
7 X
24 f
13
13 .
H4 .
.12 'c -
on -f
137'4X
02
7IW
-04
34
27 X
S4
(4 x
ll'4T
314 4
32S$X 34 -f
10(4 x
h2'2
10'4 x
40 1 i
CA x
134 -
.11
IM, '
31 4
II 14 -
214
114
1
H4
'4
1
1 I
1H
n
314
1!4
'4
'4
'.;
14
4
H
14
14 '
'4 1
14
'4 '
'4
'4
34
'4
6
5100
100
000
1300
2701
1303
300
200
2000
310
200
3100
20O
21
2500
400
200
400
100
inn
201
6214
St Louis San Fran... 234
St TiOiils San Fran pf. 33
St Louis Southwest.. 23
St Touls Southwest pf 30
.. Sears-Roebuck 71
. . Shattucli Arizona Corp 0?,
.74 Shell Transport 411
Sinclair OH 31
0 Southern Pacific 7214
.. Southern Rnll 1014
Southern Kwy pf . .. 44
7 Stand Oil of N J pf . . I05J4
7 Studebaker ........ 74
1 Submarine Boat Corp. 8 J,
. . Tenn Cop & Chem. ... 7H
3 Texas Co 33 M
.. Texas & Pacific 214
. . Texas Pac Land Trust251
I Texan A Pac c & O. . . 30 JJ
.. Third Avenue ....... 13s4
ft Tobacco Products .... .14
.. Trans con Oil 8
8 Villon Bag A Paper... 03 J,
. . L'nlon oil 10
IOTT
40
37J4
1814
to
30
10
loi
141
108
14
83
3514
Jt3
o
II
23
11
314
1014
37 U
1714
15
109
114
4414
7114
100
ton
08
45
53
1714
0814
3
22 U
3SH
3114
48H
4314
33?t
50
18'4
1714
1014
3814
81,
2614
55
05J4
28
28 J4
1314
0iJ4
3814
314
5114
23
314
3214
30
0014
8,
40 Vt
20 !4
7IH
18 '4
44
1054
73 4
8
74
33
1:30
Clo,
40
3714-
1814-
10 -38
1014 "f
10H-
141
10s
14
84 X
3514-
114 -204-
11 -33
4-
m.4-
314 4
1B14 4
37 -
1814 4-
15 4
108 X
114 4-
44'i
Net
Chire
-r V
EJ'4
1
?
'l4
14
14
'H
4
14
34
14
14
14
H
14
n
14
14
1
1
14
14
74J4 4- 3H
10 t'nlon Pacific
25 3.30 L'nlWil Drug 1st pf
I'
ti
2300
100
2000
210
240.1
200
400
11000
100
100
100
300
000
500
200
400
501
100
200
0.1
200
300
301)
20(
200
United Fruit
I'nlt Uw lav pf
T'nltcd Retail Stereo.
V S Food Products..
V S I ml Alcohol. ..
I S Realty & Imp..
I S Rubber
U s Steel
V S Steel pf
Utah Copper
Utah Sea
Vanadium Corp ....
Va-Carollna Chem
.115(4
. 52(,
,1,1714
. 20
, 54 V2
, 171,
, 54
. 46
, 05
. 73 Ji
.100
4814
4
. 2S .
0
00 -
iOX-
68
45 4-
53
1714
0814-
2
235.4 r
394 4-3414-494-4314
-334
f
50 -
1814 1-
1714-
1714
3814 -84-2014
f
53 4
0514 38 -
3614 4-
1314
4-
4 -
51H4-
23 -314
r
-67
-
05 -4114
r
20, -7IH-1814
-44
103 4
734-
fl'.x
7X
33 -
2IMH 3194-
4.1 351 4-21
I8i 1014-
I3i4-
531 -8
-
0314 -
10
1 1514
52',
IOO!, -
20 X
.131,-
17)4-.134-
56
05 -
738
100 x
484-
0J4
27 -
22
H
14
H
3J4
W
4
H
'4
r
m
3
H
11
1
14
74
14
"l4
3
IK2
14
4
H
i
!4
CURB
OPERATES
NTWO
GROUPS
Arbitrage Transactions Possi-
bio Between "Insido" and
"Outside" Markets
N'eiv York, Juno 27. There wns trad
ing In two curb markets today, opern
tlonu bclns divided between the market
in the new Curb Exchnnge and those
trnge transactions between the two
market in Broad Street Curb. At times
opportunities were presented for nrbi
trade transactions between the tw
groups, but generally prices on the two
markets were identical.
Tn the inside market Sweets Co. of
America was one of the chief feature,
that Btsck being strong and selling nt .'I
to 3V6. United Iletall Candy was quiet
but slightly higher, a few transactions
being mndc nt OVa. Olen Aldcn Coul
again showed n heavy tone, with sales
at aO'X. Durant Motors ivn rlrni. sell
ing at 23, cIoec to Its high record
price. There wns trading in British
American Tobacco coupons stock nt
12i8. Acme Coal was slightly lower.
Inter-Contlncntal Rubber was In fair
demand at 7. ,
Petroleum stocks were without special
feature, drib Syndicate wns stead,
selling at r during the forenoon.
Marncalbo Oil was traded In at 2oVi.
nnd there wna a smnll amount of busi
ness In International Petroleum at 1.TJ4.
Elk Basin was steady, selling at riM
to 0. Slmni8 Petroleum continued in
supply, with most of the trading at fl'.ti.
Skelly Oil was quiet at 8U. Fensland
held firm at 10 nnd Omar was 1. .
There was little trading in mining
stocks on the new exchange.
INDCSTItlALS
Brit Am Tob coup.
Chicago 4. East lit pref
Durant Motors . . .
Kmplre Food
(Hen Alden (Jo, I
Intr nubbrr
IUdlo Com
Hadlo Coin nref
I Southern Col
Vlvaudou Ino 014
Wabash
Wabash pf A
Western Maryland
Western Pacific
WestlnKhouse K A M.
Wheellnrr & L K
Whlto Motor
White oil Corp
Wlll-Oii"rland .. ..
AVIllys-Overland pf ..
. Wright Aero. Corp. .
074
2014
a4
25 ' ,
II
s4
30 'i
OJ2
7
20
7
131
53)4
8
62',
10
1I5'4
12',
IOC 2
20
Mia
17(4
52 '
554
05
7314
106
484
94
27
O
I4
7'4
204
014
!,
14
814
30 1 2
ni4
'4
2S'2
o?4
IM
3H
IBS
,
Sot, Co
1! S li t )t .
United Het Candy
H!ch
. l5i
. 29
. 18'
: Ik
,. a
,. 3K,
. l'l
IOW
12H
20
23U
tSU
31
7i
1
2i
a
3
11.00
P. M.
12i
20
184
3'4
Is
3
3
l'l
64
0',4 - ',
30)4
0(4
25 ' , -41
-
M4
30' 2
9)4 '
s
2S'4
STANDAni) OILS
Anitlo-Amr Oil . M4
INl)ElMUnitT 01I.S
Boon Oil
Iloston IVyomlnit 2
Carlb Synd ,5
nnny Oil IS
Hlk Daaln Tet
Fensland 10
Clenrock Oil 1
Tmperlul Oil
Int Tetrol 13
Marncalbo Oil -'';
Mexico Oil . . !'
Midwest Texan
Motintaltf TroCuct, J 4
Omar Oil . . 14
Pcnnok Oil
Suit i.-rek Trod 1"4
Slmm, Pet 5!
Plielly Oil S,4
Tcxon
MINING
Bl Lodge 2J
Boston Montana 53
Treason Gold lj
Dundco Ariz i
Kurcka Croesu, 33
Hal mill Divide 12
Hull Copper 30
Knox Dlld 14
Tonopah Divide lA
Yukon Gold 14
BONDS
Amn Tel Rc. 1024 OS'i
llnmhl Oil 7, 044
I Interboro 7s So.
Southwest Hell 7, 084
Sttlfr Tn 011
D8'
134 !f4
72
54
15
34
10
t
7
13
2R4
1
ft
104
aw
34
4
ftt
33
11
30
14
1
14
04 4
SO
tlrtS
I' .14
D1I4
72t
s4
IS
0
in
1
7
13
2S4
1
ft
101,
14
2.1
(13
1)1
33S
12
an
14
1
14
054
P44
SO
1W4
11.14
00 4
lfr.n'jcrs .Vfic l'orfc ond
Fhilaclrliihla Ffork hTrhanges
OTrWlKw' '"Mii,i'irMll,niiiri" w f i.'ll.iiraBinTIWS!T"
vm n
to .1 T3. dropped hack to .i.fs, out
rallied again to 2Zli.
Electric Storage Battery made a good
disDlav of stremrth at Uic outset, raily-
1 ing to par, but tho advanco of nearly 8
pointu from last week's low level natur
ally invited profit-taking on the part of
I thos who had the courage to pick up
the stock when things .noned so black.
Littl( Is to bo sii'.d of the general list
Brill on uruall dealing1, admneed 1
point from tho previous sale of 33
American Stores was ' better; similai
sain was made bj I' (',. I. at 'M:it
I" e Phi nde'pl 1 1 Elcefnc iK-uex were
in 11 shade better
FOREIGN EXCHANGE I
New York, June 27 The foreign j
market developed a strong tone nt the
opening today, virtually all of tho
major exchanges, led by sterling, show
ing marked advances over Saturday's
close. The British exchange was up 3
cents nnd francs crossed the eight-cent
mark.
'1 lie quotation were-
Siirlliiu" ,ib'e .'! T7'4 . demand
I! 7i' : frai).- cable- s.lis. , hecks f'7
BcUiau cable. . C ciei'k SOI: Ire
cable ."i.0'5. cheek ."i Oil 2 . SWISS 'J
blc 10. Ji. check IfiO.V. peseta cables
13. '.-, checks 13 Ct , guilder cable
.'i3 20 checks 33 IS; Stockholm rabies
22.32! checks 22.47 ; Christinuia cables
14.4T4 checks 14.40; Copenhagen
cables 17.13. checks 17.08: marks 1.3.1.,
Tho rate of premium in Montreal to
day on New York funds was 13 per ,
cent. The rate of discount in New York
on Cnnndlnn fund was 11 per cent.
Central European exchanges were also
easier. Greek wns ." OS . Rumanian.
l.n.'L, : Bulgarinn, 11.".; Austrlnn,
.10; "Poland or.t.j ; Czecho-Slovnkia.
1.33; .lugo-Slaiiau. 0sa4.
9ATt EDAl HVM. QCOTATinNP
O'e-1 MB Kra'l.", Ilre OuII'Wh
Demand "5.114
GREEC
E
DELIS
Commodity Markets
GRAIN MARKET
Clrfcago, June 27. Wheat started
to to c lower for July and un
hanged to 4r better for September.
Trnde was mixed at the outlet, but
locals pressed the selling side nnd there
Const? ntine Believed Preparing was pressure by n local bem iioue. ite-
ceipis inspected ntur(lai were twent.v-
AIDED MEDIATIONS
to Strike Before Bolshevists
Can Join Turks
two cais; last nr. eighteen cars. The
enh market was linn, nitb stronger
premiums paid for choice grades. Ex-
port business reported Saturday was
100,000 bushels to tho Britlbli Govern-
PLANS FOR DRIVE FINISHED m?t. , . ,,
Latest weather reports indicate light
I p(,Httercj s)i owe rs and higher tempern-
5pctex Com, Dispatch, ropvrtphf f tuies over the Northwest, since Sattir-
Parts, June 27. Tho Greeks' refusal dny. and fnlrly general rtilns over the
.in,i,ij tectum.. nA nmii th. West nnd Southwest, with 2. CO Inches
to withhold hostilities and permit the KanMB CUy y ofrerings
Allies n free hand In mediating with to arrive were lighter Saturday, but are
Mustapha Kemnl Pasha, Is regarded In expected to Increase
'n 1 Vacuum Oil 7,
4
LONDON STOCK MARKET
French Loans Well Maintained.
Dollar Descriptions Gain Ground
London, June 27 Notwithstanding
the fact that the accumulation of orders
for securities over the end of the week
wns light, the undertone of the stock
exchange markets generally was good
today. Although tho dealings in the
oil denartment were, professional, firm
ness prevailed. Shell Transport aud
Trading wns fi ft-10 and Mexican Eagle
0 1-10.
Easiness In the monetary situation
made for stabllit.i In the gilt-edged In
vestment section. French loans were
well maintained. In the face of a
brighter outlook 111 the labor situation
home rails wrie dull. Dollar descrip
tions gnlned ground. . pnrticulnrl
Canadian Pacific. Argentine rails
were idle and without feature.
Cheerfulness was noted iu some parts
of the industrial division. Hudson's
Bay wns OVi- Rubbers held well, hut
were quiet. Kaffirs were hard.
4.BS
4 nn
R2 '
32 02 I
We Offer
a strong old line Railroad
bond- IVnnsvIi ama ta.x
and norn.il Kedeial In
' .11 e t ix fr. e -a' .1 p c
'o J icid oin tn per
ci nt
H," J me Mi e 'n ai J'
1 ' en' m-.iis '
WlDCNER BlDC, PHILAOUPKIA
fcmkiti HufadtfpjQ and .
Ata VorkXwk Excha.i
NIW VCIK IUIABITH N.J.
Philadelphia Stocks
r'5
11 .b
'.T I
Hi Am trs .-11 '
. do pref '.i'",
2 Am Gns 2s
lOtBalil Lo,- fis-.,
.'. Bull .1 G. 33
221 Elee .tor Kl
.-, I Co N A 2!i
KiO Lake !iip 71 3
20 I.eh nl l"s
Is Vorfh Pu 70
Ii1.'i Pn R U . 3.".'s
1 Phila t'n
um pf 31
100 PlulaElec 21 '
til do pref -J.-,7,
r,., 1..
Ij.TW
' ' ' :
Vet
chge
!'lo
2!l
7'j
l-
7n
33 U
31
!V''.S-
21 . .
lis.Jt,
33 -1
fci 1,
20 " . .
7Mj..
-r's-t-
70 ..
"3'3 '1
Trench official circles as an Indication
that Kins Constantino Is aware of the
Turks' preparations for an offensive
. with Bolshevik re-enforcements nnd is
I determined to strike before the Turk
ish Nationalists becomo too strong.
The British nre understood to Iip
exerting etreme pressure to delnv the
Jre.l; offensive nnd it is hoped that
Henri Franklin Bouillon will return to 1
Pails from Angora with Kemnl pro
pnals before wnrfnre recommences
The French are optimistic over the sit
uation if the British stand pnt. ns
,. 1 -. ,, 1 1 1 j ,.., 1.1
itmr- , rnnt I rvcti UCDCIurim '" viriunny uaniiiuiii. i" uui.i
"ONE-MAN TROLLtYS Htnbbe unable to obtnln munitions or sup-
- , plies without the Allies linnncini am
Corn started unchanged to '4e higher
(nr .Inlvt lie to I'.o better for Septem
ber and W lower for December. Trade , JS?a?H"tar ...
wns rrhi nnd teuiurc ess.
r.".. - ,
Oats started with .lulv 4c to '
1.7T, 7 no
(able, "JW " "I
TODAYS nvCMNU Qt'OTATTONS
Str"nB Krir.ia I.lrn Gui!dr.
S 701, 4 n; n o.ii f it
:i 774 0 .1 03 33 2"
r.n rjfOTATIONS
.-, lie Rranr, IJre Ouil-re
S T'V. e.l S 004
n 7cv s Oil .1 at
lower and September unchnnged to
higher, with n light mixed trade.
4e
i-sc
1 Demand
1 Cab'j
P. R.
.'!'
1 I wtwyeen iuiabith n.x P
r"i trri 1 r 1 rii,waii.nn . .b bm.kjm
I
; Irai'estments
1
Jul .
33 "4r
l!l-4
31
21 , e-
2.1 -r
fi.-i,
"JO'n
.n.:n
10
mprlon l'h la.l
ce
II" 1 .
JllU
33",'
4f1T.
1
."lOiR.ndlnc
KMitSindair
12 V G I.
I (lo pref.
-i cnire mad by c-'mprl
e ,.n Nev Tor. "toeK Kt'-nanc
rnrr.xnni.riiiA iio.vn?
lOfi Llbertv 2d 1's SOOO
Jin Libert v 3d -l'4s 01. 12
2.'J."'l Liberty 1th t'v si; ;
lOCHi Libcin 4ih l',s si; (o
IfM) l.ibertv 1th I', JV, 7'
1 1 tfl b mi- Pls fis ",
Itiii'iBill T(nhoiie 7s .... 1M",1,
Hii'ii ( nv 1- I'.'ll sf.
Jin 11 1 ( it'- U 1013 Ion s.-,i
.Hid I.ei, gn Vnll.M rt. .... 1 ,t, or
.'iihJI I'liiiiMhmiia 0's... lors 'h'.'k
JIMIII Phlln Elee 1-t ,V lot s(i,
pMin Sjiaoi-'i-Anier Imn rts 'K
T. Starts System on Several
Auxiliary Lines
Plulndelpl in lines of 'one-man
trn'levs ' went Into successful opera
tion uMerda.
'1 hut doesn't rienn a private eonver.
mice for each pasenger. but that the
11101,11 man 1 n' the conductor and gen
ernl "mnjor doni"" of the whole ve
liK le He' pretti busy at all times,
and he mut hnve been vesterdni. lie
caue tiie P. It. T reported the cars
were crowded in some instance
Tl e new lines nre R'tfito 02. 11 dies
tor inenne extension to Dnrhj from Mt
Miirinh terminal; Rute 71. from Wil
low (Jroie to Hatboro, and Route 11,
the new rorty-second street loop, pro
viding service hetween Port! second
treit nnd Chester avenue nnd I'ortietli
nnd Market streets, with fre( transfers
to and from the elev.it.d on Market
street and all other liters. Ming line
The car. nre de-innl in give ci!ce
on i.'Utes of tn rl Winn , nuiuli, r(
of pa-engir d" - n v 11 '"am a two
man 'Nir I'.'i -.ngfr ,.n ti nev tj pi 1
iroiiev . nt i'ii' th in rniindi' pnin
The Allies' policy for revision of the
Sevres Trcpty and their attitude re
garding the Turks and Greeks largely 1
influenced bv A C. Bedford, of the
Standard Oil, who is due In Paris
Thurdnv and has made nn nppolntnicnt
hr wireless itli M. Dior, the Trench
I Minister of Commerce. Existing I'm tub
1 Made agreements gi!C preference in oil
limpnits to the Anglo-Dutch and Shell
Co-., but, through antipathy to British
Industrial domination, a inajoritj in
the Chamber of Deputies favors gmnt
ing the preference to American oil.
COTTON MARKET
New York. June 27 Influenced by
strong cables, the cotton market opened
firm at an advance of 11 to 22 points.
Wall Street nnd spot houses led the buy
ing, which wns quite activn at the start
and pnrly supplied b New Orleans
concerns nnd local longs. .Tnpanese in
terests nppeared to be selling October
and buying December. About ll.r no
tices were issued on July enntrncts,
which were a smaller number thun bad
been cpected.
After tie start, the market continued
stend. with pi ices onli 11 trifle under
liiltlil levels on ucn i"i iuiu.iu.
Prn' Inai
U.ae
II "14
1J .'O
IJ M
1J lJ
1.' '"
Open
I 1 .1
12 "II
I .' 7"1
III 13
1 on
r ii
11 Is
s en
v.' :;
I" 113
LOCAL MINING STOCKS
TONONPAH STOCKS
Bid
Cash Poy "4
Jim nutler n.
MaoNanmrH It
Crcecnt D7
Midway 11
.Mlimh Kxtenmnn (HI
tin
n'
17
'l'ononub Extension .... .01.
!!ect i;nJ i"'ll
West ronupab O'I
nivmn HTOCM
I Ito'cne lOula
I
Athens. June 20 (Bv A. P '- An 1
official Greek communinue issued Sntur-
dav snis;
"While. Greek troops were earning
nut n strategic movement in the Nieo
"lemin region, the enemy nttnckfsl with I
considerable forces The Greek com
mand icceiveij re -enforcements nnd re- ,
pulsed flic enemy with In-avv lns.es
Tin Greek loss was 200 killed and
wound' d "
TRAIN HITS AUTO: 2 KILLED
Alllmi Dlvlle
Alto Ii! Me
Helcber ...
Heloher V.iteniilon
11. n Itur
nroiish Divide . . .,
'undo Kxtenilon .
lliv We Con
Dl!ldenil
i:aet Divide
llarmlll . J
Haobrourk Olvlao
llUb IHi l'l
Knox
Henri Ulvldo
Keno Divide
rton'tt.k
Silver Klmt . .
Biltherlnii'l ...
Tonopah Dhlde
Teiionah llHSbrouel, . .,
victor" Dlvlile . .
Viide Divide
Zone . . ...
OLLUKIBLD
Heolh
I'umt'lnit on rractlon
rm krj.tel,
IMiininminuld 11 H
rioreni n
lioldflelrl (on
Hold Development .
liuldticd Deep
life.it llen'J
RAILROAD EARNINGS
CANADIAN
Third week
Baker, Ayling 8c Young
AUbU'll 11. hlVAl.N. Jr . Mkusim
Land Title Bldg.
Button Pkiiddelpbia
PAfirtr railiiav ''
11J1 Inrrran
June 13 .'71 OOO $304 1)00
Il.I I.S'OIS CENTRA I.
Ill RL'O 121 Mlii! Ml
"LOST" KEEP GUARDS BUSY
Thirteen Children Rouni.V:d Up
Falrmount Park All CMmed
Victims
titer and leave i.v in, limit door
Are Women Residents of
Suburb of Chester
1 Chester, Pa.. June 27. Two women
n ue, lolled nnd n smnll bni wns
seriously Iniurcd when an automobile
they were riding was struck March
IvjlV
" (Ol-e
I ei.lxr
Jktiuan
Mavli .
IMFW YORK COFFEE MARKET
.. . .,, ,,, or 1 .,. ..fek the J'.unbo Extension
New 01K, .lime - . l.asl ween iu KewumiH
enffre futures market closed off under i.onn .star
the depressing influence of July Hnui-iJ ,,, '::::::
dutinn. This morning the mnrkct firmed silver picx
up in sympathy with a stronger stocn m'wn'i
mnrUet. nn ailvuiice in cotton nnd n,
generally better feeling all around, the Awn" .
opening advance being 7 to 17 polnMi ,iJo"nu
nbovi ! rlday s .'Ins-ins ngures
The verv low prh" ricenllv
111 inliee eeni to nave imnie scuers a i;urrKa Hull'
'uille timid, nnv thnt .lulv li'iuidali'in , l(,,p,r, ,,..,
1 as ran its coui'e, and this morning Ni-Vn-la Hill
ileie seemed to be a geneinll.v better i Nevad i Wonder
. .., ... i ..I-..I-. i .. ,.i Miccei"
neiing in ii-iKie cini'. imu, wiui iniii"' -v(f,pi Mlnlnu
I. uvers ilinn seller-, prices wori;ei
higher nt the end of the first hour of
trading September sold from 0.11c on
.all to tl 20e shortly after.
Previous Close Opn
Septemrr . ... noafjni filflWl
Per.mber ... . . 11.4 1 '0 4.1
. . .01
.0J
. . II.'
. . .0.'
im4
07
. . .2'-'
(11
. .. .02
. .. .Hi
nn
. .. .01
. '. '. .11
. .. .02
... 01
. .. .01
.in
. .. .01
in,1.
. . . .0.'
. . 01
. .:
srnn!-
01
hi
hi
leK
(IS
no
,n
fin
14
H7
ll
(11
l'l
."l'l
ill
ns
".''.
"3
.nn
in
ne
24
.on
ni
n
n
oj
nt
14
at
02
O.
"J
01
"I
"14
0.1
"4
1 I
ruline i l-n""a Stlvi
i nuns, i i r(,L. i ,MII.
01
(14
n'.'
.02
OIL,
OS
01
MISCELLANEOLB
1 00
07
05
10
IMilt- ('
Ulllrt
.(il
2!i
.014
'
14
ni
in
in
O!
Ill
02
01
(111
f'l
024
on
n2
l in
in
nt"
i.i
OS
31
"I'i
4 Oil
,1 On
.11 '
II
0,1
nX
0.1
fl ROB si
Fewer Sheep In Western States
"nit T.iikd City. June 27- Western bank-
,r, an ill,r lnilnRH mn rni.,ri .h... ..
'' SS'sJ'1" urouers' money Is belnrrlnK to come In from
ilUIVfl.'. leeelptt from aalea of 1021 clip Some "e
i Hin eniee nave oeen inoq at nvj rents
MAY A WIFE BE MADE
CO-EXECUTORv UNDER WILL?
Yes. A man may appoint cither his wife or a
friend to work in concert with a trust company
in carrying out the provisions of his will. Under
such an arrangement, the wife or friend, knowing
intimately the personal factors involved, is often
able to be of great assistance to the trust com
pany in arriving at the right solution of problems
which may arise. The trust company furnishes
the business facilities and technical knowledge
required. '
The officers of die Company will be glad at any
time to answer other questions on truit and estate
matters.
Fidelity
Trust Company
325 Chestnut Street
143 1 Chestnut Street
Capital 5,200,000
6324WoodkndAve.,
West Philadelphia
Surplus 16,000,000
Funds held in Trust more than 250,000,000
New Issue
Commonwealth of Pennsylvania
Thirty-Year 5 Bonds
Dated July 1, 1021
Due July 1, 19S1
Principal and semi-annual interest payable January and
July 1 at fiscal agency of Commonwealth in
City of Philadelphia.
Coupon bonds in denomination of $1,000. Registered bonds
in denominations of $1,000, $5,000, $10,000, $25,000,
$50,000 and $100,000. Coupon and regis
tered bonds, interchangeable.
Free frem Pennsylvania Personal Property Tax
Exempt from All Federal Income Taxes
Legal Investment for Savings Banks and Trust Funds
In Pennsylvania, New York, New Jersey, Massachu
setts, Connecticut and other states.
Net bonded debt, including this Issue, less than H of
1 of assessed valuation.
Price 101 and accrued interest
yielding about 4.93
Harris, Forbes & Co
Pine Street, Corner William
NEW YORK
Widener Building, Philadelphia
''.lP-tt'
CHARLES E. INGERSOLL
STANLEY E. WILSON .
A. D.SWIFT .
DAVID R. CARSON .
ALBERT H. ASHDY .
Preilitnt
Vice-Prctiiktu
Casuer
Asji'ttant to the President
Assistant Gajnie'
WILLIAM POST
Chairman Executwe Committee
TL
Central National Bank
of Philadelphia
Chestnut Street at Fifth
Capital $ r.o-o.ooo Surfiliu and Undiudcd Proits L;ameJ $4,400,
BjT(icui.e I.IkI I
I'lllll. Ituiild lr 11 II li
Portland it.v . I u I a I
Ton r t
11 il I'd
Hfrunton Trittlon ( (imp 'ii
1-hllti. & Wrotrm lt To
YounnUmn A Mharon It' A
1
.......-.... ... Vnu..,4n 1. nt ".-.it kl ...," ,! in WHICH
ii," t tnaa 1 1 n .-1 1 1 1 -1 ik 1 k 1 1 1-111 11111 " 1 1 - 1111 1111111 111 1111 1
Crn.titii mrnnw n na() i nnjn in i.'uin,,f)'ini I'nrk Tin cunrdK fniind ' ,)V nn 'xpr"-is trnln on me "ncKs nt oamw ricADiMrc ; i".unrt on Utah wool, with the xpion r.r
N, nP mom. M-n sn iwTftM th,n".V.iii tllP Hnltimore nnd Ohin Tlnl rnml nt BANK CLEARINGS , mr,io . ni.ni mm, hn. ?"
r. m iithH a " ftVOSH J J ms(.,. iniriuM Miuiii,.tpr(. wiui linn unninred n Oiks four inilcn be nw (heMer I nnk rnnr tnrtnv r,.mi...irl -Mth m, heep now thmi In mm Th. ini'n hi i,
J wt irici'v wn fEAsihHi , .,,,.,1 in l.-ir liin.i..,l limit, hist wrlsht. tlilrl-tii(. jenrn old. nm li"r,rhlU ,-,, r,, J,n,i $70 mi. im tm i,-,7 i;v Moi'n v W ; om colorn,!.. , s, a ...,-, I
8 . , n.. i..ti.7 J im '." '"' ln """-"-""""I l'""' ' .,.... .um Mr Kiln K .(n, kon. n ,..,, . a., yii mi . j 4 ajj (.?? . j.j (flj jit-. I :YLJJV ?ti,rnl"'xUP ' .-'." l
V, .ft- '!. 1.17M n.'.i-.r "'" . , . , . MXM i,,l-s ld ilolh women liw'd in ' ' ,.,.,.,.,,,,.,,.,., ,,,.;,,.-, .,,,
t N.i ,,.!.. 41 -U" ' ' k-.-i At I iii'im li. I 11.1 'if (', licrni ic ,'' , ii i ,L ... iMn.ktor
' '.; Wr :..: " ':;; .;.:;. "f """ ".'"'" -' '.."' '"" '"" - h ,rri,rn, lirriir.,l MkuUj nfin BAR SiLVEn BUIIDlnD "'""" mcreasestock
o 4'. 1WI ti.'fi','. . - n-., ns.1 l.'ii '-1130- '""'" :i mii.i u ,i.'" in .iiiini.-d r ;i(l n',.lP), Hu(r(ln nlRllt. , nn n.'.r ibh ' . .it a;,,,! ,n
-:.-.... " ' ...."- . .
'i.' Kl Ma-
2." IK'.".1 , Wi iri'oni" 1
II u . iiiji
Western Power F'fd.
Americnn Gus 6s, 201 G
Phila. Hlee. 6s, 1922
Georgia Rwy. & Pr. 5s, 1954
HENRY D. B0ENNING & CO.
nmrii ka iiANf.r in n.niNfi
nift I'rUulo li'lrpliciiK In New urW
MrnUirm I'liilii, Mnil. Kxrliuniv
SAMUEL K. PHILLIPS & CO.
Utrabrra rhllndclpliia Stork Eichang,
. ooi i.iijxii.ux Binr.t.1
Oprrat ng Ini-omf,
Expeimes
Nut incoma ,,
eerte.
n
MVi 4111
rn nm.
HI hl'T
In Tn,,.
12 r." 1n
i:i 1
tr'TejB
2 2SH RR7
IT
0 i4f 07S 10 170 181
7,1(13.(131 II 887. 4it
i ..t a nn uni-.-pfx I in- 'iihui.wi .... ....,i, cj.,.in, nloht.
fl. .1 . 1 Kit I I ll n HUIIIIM'1,1 n
mill Cft'liloi'll liiulitlif. tn
vinr- inmlc imp inc. ut r ! s'HH'l ioo
uoii- niii mi'tluK lo "natch "fuity
xmiiK" heforo going on niclil detail,
mihcrnble with their liuwlliiR Tiie
ehildren were Kent in a room on the
becond floor until tbeir pnrcnta arrived, tcrday in Calvary Haptlst Church.
Harding and Father at Church
Wa-shlncton, June 27 President
llnrdinc und IiIh father, I)r GeorRe
Tryon HnrdinK, attended ferviecs yen
Plttsburoh Halts
Operators
Plttkburnh ,Inne i'7 In 'irrter to rtcffnt
thn "pool nportvtnri th Plttuburgh Olmr
In; IIoum Aatoclatlon ha ilwldeil to with
hoM ntlrily -lally hank xchnrfa and ,al
ancn from th newapapj1.
IliirrUhiira. June i!7 - N'niiie nr
of Hlork havr been fllorl hi hullrln .mi i.,-. ..
I H'aopi.ittnnH folluwa Nlnpoin.'imrleoi,
ivl Sliinr Kins rnuaaoLpiila fl no imn in
!n 000 (idO Uprtna City of Sprlr Cli, 5nil
000 to $2,000 OlVOi UnUcraal Minora jp
fhancla and Ijihorera nnd Mulunl. fihenun
doah ch $2 000 000 to I5.0"0 000, araatSr
("anaom Htrcat Philadelphia, l 000,000 to
12.000.000 Dal,T Smyth riilladelphla. 12
OCl6,O0O to lo.OOO.OOO. ' "
GE0.A.HUKN & SONS
, Mill lis sli t(Ml.s
Jl'i5,,,",","..,,1 riilliiilHiilili,. Nr
orti nnd (hlniao m.1(, l',N,,,rr(
Commlitlon Orders Exsruted In
I itJil'.Hl' Pp,ncPa" Market
Liberty pond Douaht nnd Bold
nellniiB Court Hide.. lllH Wmlnut ni.
", ., Ill llroadiray. Allanllo Cllj-
'niiaiajiior IIOKI
QAI F.SMEN
A larKe brokerase Arm dl",
strictly, commission busin
In Stock ohMMSteww
If, denlroun of adclInK J
mlestnen to Its ?t0 tn
nlderatlon ."''""'"""'Xnca In
witli previous mpo: f Suclti
outside or teli-plio ollci
tlon SalarJ Write B yni
full partlculnrB . .."'P"
treated roiifldentiniu ufr.
IIOX f HI I. I.KIH.KH OYVKt
WIEGHER,ROCKEY(
Certified Public Accounjja
Drexel BuUding, Philadel
sbr
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