f iJ- ' 'ffh i V vf f" H
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A r s
" y
MONDAY, J'UE 27,' 1921
K;,'"
EVENING PUBIjIO LEftQtiR--FHILAPELPHI
AVE OFFER
State of Pennsylvania
price 101 nd ,nt "et
Yield 4.93ft'
Federal Land Bank
5 Bonds
, litis Mo .?'..,
Trlff 100 l""1 ,n,' Nf
Yielding 5
Government of the
French Republic
'"'irioW1 :vt" ",,e
Price 95 and Int.
Yielding 8
Isaac Starr, Jr., & Co.
X. E. Cor. 16th and Sansom Sta.
Members rhlla. Stock Exchange
and N. Y. Cotton Exchange
Will the Mark
Come Back?
If so, when and hoiv far?
C.W.Barron, of Tho Wall
Street Journal, Boston News
Bureau, Philadelphia News
Bureau, etc., after full inquiry
in Berlin, answers these ques
tions in this week's number of
his new financial weekly
Barron's
At Principal News-Stands, 20c.
A dozen exclusive and timely
articles for those who read for
profit.
SPECIAL OFFER: You can
have the next six issues mailed
to yrfli by sending One Dollar
to Barron's, 44 Broad St.,
New York City.
Philadelphia Office
436 Sansom St.
Current Information
on Grain Markets
li of vast importance to those
interested in this commodity.
Through our private wire serv
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
tations and developments.
Boureau & Evans
Mtmbers l'lillu. Mock Exchange
Chicago Ilonrtl of Trade
130 South 15th Street
Philadelphia
lecutt USl Race J7S1
AUTOMOBILE
INSURANCE
UllKim MITIAL INhVIIANCK O.
rhonn 1,hiii,i QII7U 2JVJS So. Iftlli M
FINANCIAL
N0TICB Is IILKLIIY UIVE.N T1IAT. UV
nmin?lui lon. r th." -Board of Directors ot
2 ".... 60n;?' Inc- ft special mwtlng
K.,te-,,oel!?0,,',"ra. ct. aald Company
ill bfen called ana will bo held on Moo-
the office of tho Company. Tacony and
??Sr-"Hx ". , Phlfidelphla. to Uks
SSS,.i,i.n ."1D?r(l or t disapproval of a
BRK. "f? li lnc,r the morteasfe IndsM.
ISoooo Company from 140.000 to
p.,,,' , .pro A 8TBKLK. Secratary.
Phl'fdelphla April 2 1021
I'roimsiilB
fr.u.Kn piHn;si wii.r.iiBRECEiTOn
t nom 'Hi Cllj Hall until 12 oVlocit
t;0""'! rimrwli. .Inh 7. 1031. for "ewer"
m Tiurwlu. .lul 14. 1021 for I rld n,I
lor Schwlul "A main sewer "
.H0,.'"w",', t"t'n t!7th ae. north
and Anvr-ewn ave.
n Ogoiiij ave letween Andrew ave and
i-d ave north
Vd'htonnr 7M av' north
".?Hifh"K, t'rln'" w""ntn Ian,
.Jf"r'?rf.t "' ,,etttn present terminus
Bchedul "H. brlilire
BUS? "' RU,h ' over th Schuylkill
n ,,, '" t ii a 1 1
Unue iti,'"n .h'-ol nulldlns. l.nnedowne
5NI be made ?a LBfi'S.L ?''''.. "qndn
school Dirertn. .. VL, " ."' ine "oaril ot
mTdm&ftir&z
l0nminu "" 5,oop In 20 years,
Said y,Ja....XT"' ana M0.O00 In 80 vnsrs
m may b. subml.t.HU'r'i tr.if "' 8"i Tax.
In Interest free or ,i.f0r."iy9 bo,,a
tr cent "r ft'! ner li"' p'r C"H.
lnufd 2A rer cent Tlieee bonda will
'. Tovvnanertnd"Fll.Wt,h ."P'nlSn 0
fhliadelrhla p?i n!ilil0,, Rn,l ftrunson, of
tJ !fledPtVci3ld,orronmVBcU.bnm,o,Wh,
"pSSyVr iJI'bftV "" th. right to
HOWARD M. LUTZ
p Solicitor.
lj!i lilenda
HARJHSBURG LIGHT AND
POWER COMPANY
Hnrrlshurg, Pa.
Th. Hoard or tv, Jun'' 2I -
finrTTTtrrT " HT0Nn Treasurer.
'"MIIBU.IIIA iSS-iLu-MvSv
tlrd 1 dkiden.1 nLr,,clors has his day dV
trnt Ui4?!,V 1',1,,,f "w ''"! nnr-qunrtir per
rmpanv ,,l "V, ,h." . 'referred stock , if thia
A. J!"" 3i 10 ? ' ,he clu"e I" bul
"TTll" tlN 5'V,!'K WV .JTreasurer.
I 'il H, T VgJi ar'rr" hnB '"' ""?
I t.!F r"" and an ,ATi:!,r,nu.'!.1 "'"'nd of
a. J. Monnio.' chir.
n
New York Bonds
SALES If; $1000)
Am Asx & Ch
Duq Light 6a N r llys el &s
7is rets
1 .... 04
n 04
1 04
4.
SO
10 .... B'4
N T Tela 4V4
ft . 78H
N Vk Tele fla
3 ' 0OH
Nfk A W'n 4s
I . 74H
Nfk A W cv 0s
3 .. 10014
1 1D0V4
North We'n U
Tele'n "a
4... . 00
1 v... 00
1 .. 0V4
ft ... 00
1 .... 00
1 .... 00
3 .... 08
1 .
1 .
t A,
80 j
80 K
80 14
Amn TiTclj
2.
80?,
i..... TB'-j
Amn T A T fti
1 83
0 82
Amn T & T 0
1... .. 07
Armour 4Ws
1.. .. 7'i
3 . ?7t
A T A S Fe 4
1 .. 7H
1 (sale) 74 '
2 .... 7ft
1 .... 7ft
1 7ft
a nfc ct n'
1.... 100
a1 ,. ion
run Ohio
2.. . 07'
1 07 I
ii & Ohio a1
1 .... 81
Unit & Ohio
1 .. . 00
Dull A Ohio "
1ft 08
0. OS
Unit A Ohln i
2 . . 87'
H A O Hwn 3
1.. .78
Hell relepho
of Pa 7a
1 103
2. 10.1 1
tleth Steel Is
2 . no
Hkn Ed I D 1
2 ... 07
ttrkyn n T "
1 .. . 48'
2 . 40
Hkn HTci:
ft. . . 47
2 ... 47
1... 471
llrkn Ilapld '
ct 7s Ma
7 .. . 45
1 43
2 . 48
Duf R A P '
1 . 711.
Canadian N" 7
2 ... 100',
3 .. 1O0V
Ctl Leather ft
4 ..87
Ctl Pacific Is
2 ... 71
3.. .. 711,
r . 7m
Cerro iln Pnsc,
Copper 8s
4 10fli
C A Ohio 4 'a
1 . . 72
r'k A Ohio 1.
1 .... 87 U
1 ... 871,
3 . . 87 '
C'lc A O cv ft
1.. .. 70
ft 70 .
'rla Oent Men
4 .... 401
'rle n U cv A
2 ... 30
'rla II n cv tl
I.. .. 30
.ne'l i:ieo fl
2 ... 88t
nut ear Tlrr
Rub 8s
ft .. 081,
1 . .. 08'.
1 ..... P8H
ie't rrenci
t 7,s rets
-'.... OR
Pacific R 4a
1 .. 78'4
2 .74';
l W'n II CO
n Co 4a
2 . 00
ickant Motor
'nr Co Sa
3 . 0ft
I 05 4
. 11 itm I '4s
I 7I4
ma tl R9i
I . 82
nna R tl'
ft.
1
ft
ft
Oft
Oft
Oft
Oft
-. Oft
ft ... . Oft
1. ... Oft
'i v n s
ft 07
1 .... 081
1 .... 07'
0 .. .. 08
ft .... 08
1 ... 08
'.'.... 08'
I .... 08
. 07
' Trunk rot
1 ... 1001
I .. too,
I . . lnU,
I . 100'
1 . . 100'
Mh Rly
" ..00'
1 ... 00'
Hay A W
00 '4
07 H
'I .07
1 .. . 07H
1 .. UTS
ft , . 0714
nna R R 7
1 10IS
101 ij
1 1.' 1 n rhl A
I. n fta
I 70 H
dine Ry 4s
" . 72 1;
72 ,
II Chile rits
0fti4
I . 01
HM A A
iu a 1 14 a
lift 14
. A S I' Hi
I 0 1 14
114 1,
I, H I' In
1. . nm
fti V4
II .. ftl'4
r.m
.' . ft2
1 I. A 3 Pran
-lea A
il . ftO'4
l' R0-4
1 .Ml 14
'UH l"rnn
. rlea C
2 . . SO
I. Sow'n t,t
I 04
P 1 A PlnJX
il 7a
I 02",
ai Paulo of
rn:ll ct 7s
il
ft-
id A Man
38'
II
I
ft
1
I
n
'ft
I
18
88'
88'
38'
38
80
3(1
31
3'i
30
ilb Met
ft
4'
1ft
2 1ft'
ntb M ct 41-2
1 12'
4 .... 13
2 .... 13
I .... 13
1 13
ft .... 13V
ft . 18'
Inlboro R T f
r.r
r.ft" ft", '
ftft
ftft
I M Marine 0
77.
1 . 78
Iowa Cent' I 4
2 30
I
1
1
'eah'd
1
1 ..
s
ft
04 i
04
0ftV4
L b
3014
8014
30
30
C A A char fti
3 . 8ft
Chi B A Q Km
1 . . 7SH
Chlcaso n A 1
Jap Gove't la'
I 3Hi
4 . 004
Chi B4QH
7 . . 00 on
10 84.
ft .. 84 '.
I . 84
1 84 .
J 80
lenb'd A ! la
I .10
enb'd A ' 0s
2. 47
.nclalr C Oil
Corp n 7'ja
I 01
20 01
1 01 S
ft no. on!
Jnp Qoe't 4
3 . no on
r n A Q fli,s
11 . om.,
4 .. . on
1
ft
ft
11
SO
(11
00
no';
00',
(IT,
s :i
ns
Chi A O XV 4a Kan G A
10 48
Chicago Mil A
2 fti',
Kan C A S
S 11 Pncltlc 4a
St P d 4a 1
ft. . ftft' 1
7ft
7ft
1 07 ij
South' n Rlv 4s
1 . .. 1134
4 flft
Chlcuro Mil A
StP fd 4Via
2 ftOU
ChtcaKo Mil A
Kelly flprlnc'd
20 . . ftft
ft BftS
Tire Co 8a
1 07 1
Swlts'd Con 8a
K nelalum 0s
2 . . 10UJ
1 .. 104 M
1 . 10414
1 . 01 1,
ft 021,
a fti.
StF em 414
. . .. . .... -,
f IC of O Drlt
1 . . 71 2 01
A I'd 1021
Chicago Mil AK DelK m 7il
n 00 s.
StP cv Bs
2 .. . 04
Chi ft N'wn 7
2 . 101
1 101 V,
Chi R I & P fj
08S.IU K of O Hrtt
OS'sJ I .1 1022
08 1. 074
08 ,
07
08,iU K of fl llrlt
08 iv, i I'd 1020
08, t .. . SS
1 . fllH
Chicago 8t P'l1
MtOcn
2 07i
t fsalel 08S, j
S8'4
2 OS., i S8H
07", I U K of Hrlt
f U Sta 4 Ha
I
08 , , 1 d 1037
10 78 H
Chile Cop'r rt
1 . 72
City Rerno 8a
2... . on.
1 . . 07
8 . .. 07
City Rord'x fla
1.. . 78'.i
City Chrla't sa
1 07
1 07
Clt of Copi-n-
hniicn .fti-ja
2 . . 7ft
K Relg'm rets
2 834
3 . 8314
1 88H
1 .. , 88H
2 .. 834
8 (sale) 83 H
8 . 834
1 834
1 814
1 S3',
in s.lis,
rtah P & I. lis
1 77
1 07 4
1 08 ,
1 07 4
Kingdom Den
mark ct 8s
8... 00S
1 09'i
1 00
2 00 V
1 0D
Kingdom of
Italy 11 4 a
ft 80 I
Kingdom Nor
S lirB7ll Ss
ITS
' .71
way ct a II S Mevco fta
4 10.14 i t,14
1 100 4 if S Rubb r fta
2 1004 2 . 70
0 . l"04l 2 70
2 . 7ft
I
1 ... 74
1 . 7I.
1 74
C N Yk 44'03
,1 . 884
City Paris Cs
4.. 00 II
2 on it
City Zurich 8s
1 . 08 S
2 lOOt,
3 70
U 9 Rub 7 4s
fl 100",
Kingdom of
Sweden 0s
ft 84 4
Lack Sleel 'ftfl
1 . 754
1
3
U'd
10
3
1
OS
08V
8 Steel Be
.. 04V
04 4
044
. 04 .
Chem 1st
84
. 84
1 .. 07 ll.orlllnrd C fta
CI'd Cln Chi fti 84 4
St I, 0s Lou i. Nash 4s V C
a. 80 2 70 3
Cons'd Gas 7s'Mnrlnnd Oil 8s 3
2
1 .
13
Cuban
1
Cuban
1 .
2ft
IOII41 7 0.14 Va-C Chem Oa
100', Mex Petr'm Ss 1 . 77V
inni, 2 04 4 Vs-C Oi 74s
A 8 Sa Mlrh S Tele 1a 1 874
PUN 1 1 804 Va Irn Covl &
C S cviMIn St
r
Is, Coke 1st
ns ' 1 80 4 1 00 K
074 Mo K 4 T 4s IVa Illy & P fta
Del & Hud Ts, 2
T
1 .014
I 101 4. New Tk rtl fls' 1 04
Denmark Con 1 RS4 West'n Md 4a
ct A 8s 2 SR4I 1 , (11
1 . 0S4 2 H84 0 Bl
Det U R 4 4s New Yk Ctl 7s W & B Mfg 7
ftai 1 1014
2..
00 4
00 4
Do Canada '21 I 100 '
1 004 IN Yk CeiU'l L)
Do Canada '201 Shore 34s
I
4.
1
OO,
004
00 4
004
00 1
1 0041 3 S74
Dom Rep'c Ss New Y N n &
10
1
70 4 Hart'd 0s
1
D De NemoursI
flO Wil ion Co cv
Pvvd r 74s N Y Rys ct 4s 1
7R
074
10 Wilson Co lsts
lSVji 1 . fit
10
074
10
Today's Range In Liberty Bonds
11 lft
A. M
87 70
87.82
80.70
01.24
80.02
08.38
High
fiT70
Low
87.70
87.32
80.70
01.22
80.8S
02,80
Liberty 3 ..
Llliprty 1st -1V48
87.30
80.70
Liiiorty -il iVit.
Mbert.v 3d J.s . 01.30
Liberty 4th 4V,s. S0.W
Vic Notes l4s . 0S.38
Financial Briefs
The average price of twenty active Indus
trial SIOCKS Huvancru 1 '" mci crm, 10 u( no
on Saturday while tvveniy railroads were
up 1.07 per cent at (18.80
Directors of the Pittsburgh Stock Kx
change have followed tho lead of Now York
in (luinorisiiia .r1-"'! uwhm ,,,-Afc tiai
urduy.
DIVIDENDS DECLARED
New York Trnnsportntlon (.n , ftO cents,
pavable July lft to stock of record July I
t'ubllc Servlco Corp of New Jersey quar
terly fl on common, payable June 80 to
otock of record Jun 80
United Has and Electric Co . semi-annual
24 per cent on preferred paable July
lft to stock of record .'-ne 30
Franklin Nntloinl Hank quarterly II per
cent, payable July 1 to atock of record
June 30 ,. .
Iuro Oil Co 14 Pr cent on temuornrv
proferred stork not upon 0 per cent pre
ferred, as rrovtoutlv minounccd Dividend I,
pnynhie Julj 1 Hooks 1 lose Juno lft reopen
"west Penn Power i'j iUirterl 1, per
ceirt on prel. ind pnv.ilii.' Auhiist I (
LIVESTOCK QUOTATIONS
Plttal.nrgh Jun. 27 'V1IJ''i'7;ue,ll'l
2000 head St. .ul "lei'a $ .l.'tl K 7ft heifers
III 7ftW7 ftO rows Hfil 1 nlvea receipts
1R00 hend Lowe InP 10 ft"
HOOS Receipts 72U0 head. Higher
Heivtes, 8.:o&8.(0' heavy yortera. light
htad. Jllihtr Top shesp. fS.SOi top Umb,
llll kw.r.
Pennsylvania R. R, May Earnings
MONTH OP MAY
Retenuea.
Increase
$'.'311,633
480,800
8,148
584,408
100,801
104,021
11.78S
8,888
fr'L'ht $20,247 127
'"enter 11.210.0J4
$!" 058,(104
ampKM '. 818.001
A" other transport. 710.022
I,nc,'d,n,l .1 410.289
JonJ raolllly Cr. 10,410
Joint facility Dr. 10,847
. "wy- onr. rev .$40,773,400
304,784
Maintenance of way
M.".Ud. "ir""'"'.- I.20,1S2 M2.244 128
loniiiiuiiuiM, n i
eouloment
o.flit.nio 8,760,793
Trafflo . .
Tranenortntlon
Mlscellnneoua opr.
General
Transportation for
Investment Or
. f M.titis . lTH.sxii .
17,870,398
Aftft
400
170. 2U8
1 100,829
48,403
288
35
Rwy. Oper. exp $34,007,830 $9,840,402
Net revenue from
Railway oper .
Rwy. tax accruals .
Uncollectible railway
revenues .
Rwy. oper. Income..
Hire of equlprrmnt
net iToblt ...
Joint facility rents
net debit
$0,185,501 $10,211,130
1.748 780 173,043
2.061 2 804
4.417,171 10,042,007
495.827 520,800
78,030 02,785
Not rwy. oper. Ire- $3 848.008 $9 875,032
Deere ae.
JANUARY 1 TO MAY 31
Revenues Increase
FrelHht $133 303,60ft $10,888,782
Pnasenier ... . ft4, 408, 1148 7.470,700
Mall 3,000.048 0110,837
Esprese 2 iao.H2ft 3.237,1.14
All other tranaport .1,030,802 182,742
Incidental 8 101,01ft 1 170.000
Joint facility Cr 180, out 6.780
Join facility Dr 74 240 O.SOl
Rw. oper. rev. $203, 310,708 $18,037,115
Expenses
Maintenance ofway
and structures. $23 718,384M10,110,024
Maintenance 0 f
equipment . 310.744 7. 007.442
Trafl
amc
2.847 no
409,200
TTanaportaitlon ... 94 084,682 8,3(11,2011
Mlscellarwoua oper.
ft on i,2ou
ftft.0B7
Oeneral .
Transportation for
Investment Cr. .
6,788 304
301.112
11.834
10,155
Rwy. oper. exp $180 8Sl,110$2ft,406 0.18
Net revenue from
railway oper . $18.48.1,608 $40.5.T3,17t
Railway tnx accruals. 8 08,1,583 82t,ft83
uncniiPCMDie railway
revnnuea
Railway oper Income
Hire of equipment
net debit
Joint fncllltv rente
net debit . .
12.08.1 llfl JD4
o.78o.ofto 30 727 080
3 050,812
2.02.031
270,098
382 202
Nt rwy oper.
Decrease.
Inc. $0,370,810 $37 314 047
Philadelphia Markets
WHEAT necelnte. 17.120 huaheta. fnr,
ket quiet and 2c lower Car lota In export
elevator No. 2 red winter, $1 4791 52, Nu.
2 red winter garlicky. $1 301.41 Other
gradea quoted at the fo lowing achedule of
discounts- xrued whent ne under red win-
ter. Nn. .1 wheat 3c under No. 2 No 4
vvhent 7c under No. 2 No ft wheat Ho
under No. 2. Sample according to qunlity
CORN Iterelpts, 21.207 buahela Dull and
V4c lower. Car lots. In export elevvnr. No.
2. 7i4tf7.1'c. No. 3, 72'4'p'73i,c
OATH Rrcelpta. 12nSft4 buahcls. Dcm.inrl
light nnd prices Mr lower. Car Iota na t,
location No 2 white, 484S'4c No .1
white 17f(47Hc.
FI.OCR Recolpta. 02,1.140 pounds In
sneka. Demand light and prlrea weik Quo-
tntlona Soft winter atrnlght. Weatern, $21
WT.nn. do. do nearby. n.8ftij'7 in hir
iiJK VrSfa.M'Sr.iL. .r.' ,
winter atra
(S S HO! aorlnir Oral clear ITifflOf the "wnr brlllCS, W'blch lie's 8US
7.S0. do patent 18.2ft 8.7ft, do short pat-
ent. $8 7RtI0 2R. fanes spring and cltv mills,
patent family brands, III.BOS in. Rve Hour.
$8 23S?o
provisions stesdv. Quotation, ne.f
ln eta smoked and alr-drled ftlc beef
knuckles and tenders, smoked Rnd alr-drled.
in. nn.I .. ..,11. l,n I..... C f,
1., I'.'ii, ,,.,,,., T..t 11, 111- ' ,
l.lc him
ureri lone, 'JlW'iiif
klnneil I,
irlc do. do
amoked. J7((f2nc hama boiled.
bonelea II, nirni' h "lile " M I' c-ureil
looae 1.1c do smoked 10c belllea m plrkle.
oiis. l.Sc brenkfpat baton 2Jc l-ird lie.
HUTTER firm and In fair demand. Quo
tations Solld-p-ickriJ trenmerv hlgh-scnrlng
L-ooda 37ftS8i- extra :ilc, extra firsts 3IW
31c. firsts, .llffSIc, aeronds 27W1HC. avveet
creamery, choice (u fancy .18. 10c, fair to
good, 31 37c fancy p-lnta Jobbing at 40W
18c, fnlr to choice, 38T45C.
EGOS Firm with fine stock scarce Quo
tations: Nearby extia firsts 814 c. do
firsts. 31c Western, extra, firsts 314 c.
firsts. SO-EPSlc seconda 2ftS2ne: Inferior
Iota lower fancy, aelccted eggs Jobbing at
4il42c. fair to good at 8ft40o.
CHEESE Firm Quotation,. New York.
wbul,. mlll fiats, fancv, freah. 10ri7c, do,
lommon to fair fresh lt(1fte. I.onnhorna.
fresh in4T17o single Dalsleu, frcli lilff
17c. Jobbing sales of fHncv goods, lOWJOc.
POTATOES - W hli jiotutuea, 1 ,- boi
Eastern Shore No 1 J2'S 2 7ft. Norfoll, N 1
I 2ff2 4(1. No. 2 and tulls i0c11l .111
L1VI0 POULTIIY--Tho (luotatlnna weie
Fowls, fancy, fat. 31 (S 31c. medium 30m
32c. spring chickens broilers, not 'Leghorn
good quality, weighing -2(5624 lbs. apiece .10
Iixft2c. weighing Iff 14 lbs apiece. .181f
12c, spring chickens Leghorns weighing 14
(v2 lbs apiece 84lt3ilc, smaller slze3 SOW
32e: roosters, lflfttSe Ducks white Pekln
220 24c: do. mixed colors, 2022e: plceoiu
per pair, old 4ftB0o, younc. 3ftlHi40c
DRESSED POULTRY -Fowls, freah-kllled
dry-picked. In boxes welshing 4OTft lbs.
apiece, BVc; wo'gninc 34 Ins H21t'H4c
weighing 3 lbs , 2031c: fowls, fresh-killed, i
In bblsi dry-plked we'iihlng 4ft lbs.
apleces dry-packed 34c. weighing
sighing 4f5 lbs : I
S'uW'r 242fte '
apiece ice psciieo ;i.io. wei
tf!h!27r. nelrhlnv .1 lh anit
broiling ch'cVns western 45igiftOc, do.
Western ISc
lo
do Southern
Iftffl7c
iluckllnta, ,,
28(
(.o nearnv.
Reserve Banks' Discount Rates
(ifflcnt tcllHCOUnt lnlCH at the fee Prd
ernl Reserve Ilnnka are us follows
Treaa Lib Com I Hkre
ctfa Itonds. Paper Accei't
Hoston
New- York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis ,
flnnenpolls
Kansas Cltv . . .
Dallas
San frar.clsco .
Dlaeount rntfl
fl 0 fl n
tl 0 0 0
0 54 0 ft 4
noon
fl 6 9
0 fl (J
0 0 54 n
fl 0 fl 84
( r .?4
0 fl fl4 0
0 fl fl (1
corresponds with Interest
rate borne by certlflcites pledged ns collat-
erni, vvun minimum or n per cent
Liverpool Cotton
Liverpool. Juno 2".- -Trading In pot cot
ton was quiet tndav hut pr'oes were flrni
nn 1I10 basla of sn advance of 31 points
for middling nt 7 Old. Tha sales were
OOiiO h-vlcs Th receipts were UOOn hnle
Including Wino bales Amerlcnn Futures
were nulet In the carls denllnga. Spot prices
vverei American middling fair to.02i
good middling. 8 fi3d fullv middling. 7 OOd
middling. 7 3 Id low mMdllng. fl Sid good
ordinary, ft 00d and ordinary, 4.31 d
Prices Firmer on Paris Bourse
Paris, Jun 27 rrlces were firmer on .
Bourse todnv Three per cent rentes ftflf '
ftOc Exchange on lindon, 4(lf B7i Five
per cent loan S2f 70c The dollar vvna
quoted nt 12f 34c
Free from Pennsylvania Personal Property Tax, Normal
and Excess Profit Taxes and Surtaxes
State of Pennsylvania
30 Year, Series C
5 Bonds
DUE JULY 1, 1951
PRICE 101 and interest, Yielding about 4.95
A. B. Leach & Co., Inc.
Investment Securities
115 South Fourth Street, Philadelphia '
Hell I.uinlmril oj.17
We Offer, Subject to Sale
PITTS., YOUNOSTOWN & A8HTAQULA 5, 1027 r Vn'ry
NEW YORK CENTRAL EQUIP. 7., 1933 ... rflnP
PHILA. SUBURBAN QAS 4 ELECTRIC Bn, 1960 7 inrV
GRAND RAPIDS 4 INDIANA 4i, 1936 . jiL"
DUQUESNE LIGHT CO. 7'ai, 1936 ..." ' '' yiJ
NEWARK PASSENGER RAILWAY 6s, 1930 . .'.' 950"
de: f3 rr r f:
. B.VV1IMB,W x
Cushmnn Nowhall, Mnnagor
1503 Walnut Street
New York Philadelphia Pittsburgh
GOSSIP OF
THE STREET
Seldom hn, there been such montnl
confiiBion nx now exists In the mnrket
rotntntinlty. The conflicting mnvemcntri
of the lnat fortnight have destroyed mnny
or (Ik rerogn'jert Inndmnrkg, making n
most difficult tnsk to obtain accurate
observations. A well-known local,
iirnbnr. u m
(.enlii.. ..!. t 1.1.1.. 1,..nM.n l,enOllkP
3 nnT HTh u,wnti win, la vviuriy inu, .....'
.'5i5j? -. 1.1. ..1. .1..- ..1...- .... Mot.
I "i" iilliu-iuiisrrvillivp viunn, mi u""
urtlay, (liicipslni; the outlook, snifi:
"FiinilomentolK must be considered In
I any tllnRnosis of the stock market sit
uation. Therefore. It would oe wcu
for any one desiring to enter the market
at this time, either on 'the bull or bear
side, to carefully consider tho various
elements which exert an important In
fluence over the course of prices as well
at commercial activity throughout the
entire country, nnd for that matter, the
world. Hull markets Invariably are
overdone nnd the same Is equally true
with rospcrt to it downward movement.
"By reason of the continued easing
off in quotations for inorp than a month
past, and the grentcr difficulty which
Is novV being experienced In driving
various Issues diswn to new low levels,
he continued, "the argument IT ad
vanced bj some careful students of the
Investment sltuntlon that the worst has
been seen. There, of course, m.v b
special Instances where the liquidating
movement has not been completed nnd,
therefore, the market, ns n whole, no
doubt will present a "spotty" appear
ance for a time nt least. No one seems
to feel that there will be a shnrp re
covery in prices during the next week
or month, but it would not be surpris
ing If gradual betterment were to take
place.
"In view of the mnny uncertainties
obtaining," he concluded, "it is any
one's cuess wbnt the course of the nuir-
t,n, ..'111 I.. .1....I...4 1.n nn fftu H'nfllU.
xn,,,, , there shouhl he a stiff rally
In the list, hut just when to expect
such n movement would be extremely
difficult to forecast."
Steels Favorite Bear Targets
Over a period of more than six weeks
past, the steel issues have shown n re'
nctlonary tendency nnd most of the
stocks In this group nt present quota
tions represent declines or trom hi t"
ftO points, t'nited States Steel common I
,nH no Rhnie(l nronort onntelv with the I
"!, t siinteji proporiiomueij w 1111 ""
other steel Issues in the downward)
movement, but onie of the more sken-
ticall.v Inclined advance the contention
thnt contlitlriiis In the-trnde are suci us
to warrant the expectation thnt
eventunlly n much lower range of
prices will be established for this par
ticular stock.
Opinion is not universal in this re
spect, however, mnny contending thnt
while there mai be n further downward
movement in the iues, it will be of
mall proportion. Crucible Steel Is
("rurible Steel Is ono
tnlned nn unusunllv severe decline, nnd
u 'nnilervtond thnt the comnanv's
", " ""?i 1" . .fnUIiLtfit
plants nre prncticnllj' nt a standstill.
This means, of course, thnt that cor-
poratlon is not only not making money,
,t u H,iktntiine n mnnthlv loss.
--- -- r. --.--- ' .
rtecentlv the dividend on tho com-
pnnv'H stock wav suhstuntinlh reduced
and il I" quite genernl gossip in the
Street thnt nt the next "quarterly meet
ing (lMiur-cments will be entirely
eliminated.
Rescue of Cnttlo-Kalsint: Industry
Much good wns neeompllshed for cnt
tie raisers throughout the United Stntes
Hnd It not been for the Initiative on the
pnrt of the leading bnnkers of tho coun
Irr tlvero tmirlif hnrn rpsnll-pl pxtreme.
) n1n.lr.,,- ni,,l(tlnna nninnr- tlinan en.
'.v alarming contutions among tnose en-
BnKpfl in ,lln rn,t, industry. 1 lie me-
...
To yield from 6.30r'r to 8.10
For July Funds
Selected list of Investment
Ronds upon request
Reed A. Morgan & Co.
Wrst End 7'nt.sf JiUig . Vhitn
Members of the Phlla Stock Excli
rn TltHUIna Cn 1 Ko ioi'
CRna. Utilities Co. 1st 08. lU4b
Penna. Llghtintr Co. 1st 5s, 1940
Pennn. Water & Pr. 5s. 1940
Eastern Shore Gas & Elec. 6s, 1955
Land Title Bldjr., Philn Pa.
Urmbrri I'hilailrlpMa Stock Eiehcngt
.., L-c.iSJ,.aci(rh-H- fli
HENDERSON & LOEB
Members New York and
Philadelphia Stock Exchange
1410 Chestnut St.
Bonds for Investment
Clrci-Iiir I'pnn Kruueat
The National City Company
Corrr vpnnrtriii Office lit O. er 81) CIKes
I'lill iili'llililu ll'l Chftiliit SL
Allantle riiv I2S.1 Rn irdiv ilk
C. S. PATTON & CO.
3D A ClirSTNTT STS.
BANKERS
Succeaaora to
SAII.KR & fJTRVKNSriN
Ronda nnd Stoclia bought and sold
.,,r,urra i-mia. mocK rrrehnnge
ft F15 b o
I I
n
dlum hns. now been presented whereby
this group of .Interests will be ptneed in
a position to more successfully cope
with tho exigencies of a most critical
situation, Home profess to bnllcve thnt
with tho existence of n method whereby
tho cattle raisers ire Iu n. position to
finance their requirements, all of the
550.000,000 amount will not Op utilized.
It will be recalled thnt a few jenrs
ngo, when tho $80,000,000 cotton pool
won formed for the purpose of nsxlstiug
cotton growers of tho Houth, less (Jinn
.$.r0,000 of the amount wns nctunlly
borrowed by the .Southern cotton Inter
ests. Tho mere fact thnt such a pool
wns avnllable exerted a steady Influence
ami restor?d Inst confidnce nmong tre,
cotton people and thereby n possible
serious situation wus averted.
Some prominent bankers say thnt In
times of-strcss it is essential for that
chnracteT of co-operation on the part of
the banking community of tho country
which renders a real service where It Is
most needed. This Is exactly what was
done In the ense of the $50,000,000 cat
tle credit which wns brought about very
largely by the Initiative of ,T. P. Mor
gan. Copper duration Campaign
Plans nre being discussed by some
lending copper Interests for n cnmpnlgn
ot cdiicntlon in connection with cop.
per. . It Is felt thnt mnny substitutes
were used during the war because of
the lower coat nnd the Innblllty to get
copper, and nn effort wll bo made to get
tho red metal back into these mnnu
fnctured articles by educating the ulti
mate consumer to the point where he
will request nn article which contains
copper lnstend of n substitute. Just
wbnt form this campaign will take has
nas not been decided, but It is felt that
much could he done toward reducing
the lnrge surplus of the metal If the
matter wns to be handled in n con
servative manner, nnd It Is significant
thnt some of the best authorities In
the trnde are considering the matter
with n view to working out the detnlls
nnd submitting them to others who will
be Interested.
Traffic Movement Light
Officials of railroads operating east
Boles 5.Westood
Wombaia PMtLj5iocLExchandjs
INVESTMENT
SECURITIES
LantHitte Bldtv, Philadelphia
PHONE' LOCUST 472f
Illlllllllllllllllllllllllllllllllllllllllllll
1 Not Tin, but 1
1 Armor-Plate. 1
UT DON'T call that tin
-- it's more like
E armor-plate I" said a guest
at the Nu-Dura-Tin din-
ner, at which the bills of
fare were mounted on
E plates of this famous roof- E
ing-tin.
E If you handle a piece of
E Nu-Dura-Tin it will give a E
E new meaning to the old E(
E word "tin." Instead of a Ei
j thin, flimsy, crackling
! i sheet, it is a heavy, strong,
substantial plate of metal, E
E heavily coated with what looks
E like old silver. Tho steel has E
E enough copper in it to make it E
soft, tough and easy to "work"
111 Ulllll) UI1 U I UU1.
' E Keep it Taintrd, and it will E
is last until your gient-gianci- E
daughters wedding.
Any roofer can furnish NU E
DURA-TIN, nnd paint it any E
color. Specify it in the order,
ana do saie.
THE METAL CI.UR OF PH11,.
801 ARCH STREET.
I
.iiiiiiiiiiiiiiiiiiiiiiniiinumiiiniiiiinii:
Where
Shall
I Send
My Child
to School?.
B rimt question can he nn-
B svvtred quick v and satlMf.ap.
torllj by i (insult Iiik the Edu
cational Bureau (on Riounil
floor at I'uhllc Ledger Onico,
Indcpendenoo Square) Iloro
jou mny obtain completo nnd
reliable Information of nny
hoarding school for hoys or
girls, military academy, husl
Iira collego, special -linolh for
retarded children conservatory
of music, collego or unlver-t-ltv
Oui Intimate ltriou ledge
of the advantages of the vari
ous institution win en.iblo ou
to make a l8e choice
I' ' I'" ' f I-' Il,l IS ,
to ferv otif - . v trv. I
J 1
in i
.i
3K
Public Ledger Building ,
nnnn,. I
CHESTNUT at SIXTH !
Dr. Moses, Dental Specialist
tlrlglnntnr In this Hit of
"SWEET AIR"
Mrtluiil of
PAINLESS EXTRACTION
OF TEETH
Safe a a ini-n tain
Just Hi, tl nu- (11 1. ,
So II , ff. 1 , fill, ii it
.i
i
No hnimlir N c.w.nc 1 ,m 1
any allli 1 f aim Utr nanie Kstat
llahed slnca 1000. Poisonally In
charge,
S. E. Cor. 7th & Market Sta.
Formerly on ttaff 0 pntntaeni Hospital
SSw
Walnut 3000 Main 1G01
" PA11CEL fost"
'"
from Chicago nnd St. Louis continue to
report a prnctlcnl stagnation in mnny
lmDorlniil lines of Industry which
keeps the total t,raffie down to Small
proportions, nnd much below the figures
of n year ngo. Coal Is not increasing
In movement to any great extent, nnd
the prolonged slump In the Iron and
steel Industry Is being reflected In the
tonnage figures to n great extent.
Increasing locnl shipments of grnln
have helned reduced the number of Idle
cars and Western ronds have drawn
on the J'nstern lines, It Is understood,
for surplus box cars for moving the
rrnln from the hie crnln sections. I.nke
carriers continue to secure the bulk of
the business In grnln for shipment hast
11 nd lor export. miuning material
shipments have picked up slightly nnd
there hns been about the same volume of
genernl merchandise offerings.
THK TUADEU
No Change In Raw Sugar
New York, June 27 -The raw ausur mar
ket continues unchnnsed otr tho baala of 4o
tor "orto jticoa, ana itjds quiiieq n'imi- 1
nally 24 c to S'Ar Itennid sugar la quoted I
at 8.40c to 5.60c. less 2 per cent for cash.
Tha federal, Arbuekle and Warner Cos re-
duced their prlcs of reflned at Inst weeiv ,
to 8 40e lesa 2 per cent Importations of I
raw sugar June 24 anil '.'ft amounted to nbout 1
88,000 bass consigned to Hie following
10,000 Cubas tie American- Rennlns Co , 1
10,000 Porto RIcos to Howell Hroe . 7000
Pnrto Rlcoa to Arbuekle Uroa 20,0(10 Porto ,
Rleoa to federal PUKar Ret nlnir Co tuid
20 700 Philippine to federal Hucar HeflnlnK
Co.
MONEY-LENDING RATES
NEW YORK- Money on call, both classea
of collateral, opened today at 0 per cent fo
lending awl renewing
PIUI.MIEI.riUA Call 0 per cent: time
6 per cent, commercial paper, three to six
montn, 0 psr cent
Note Theao are merely nominal quota
tlona. the lesnl rate of Interest In the Hint
of Pennsylvania being rlxed at 0 per cent
Plus rremlum and commission, time mon
for thirty to ninety duva la loaned at 7 I .
7W per cen' while commercial pnper from
thirty to ninety davs la loaned at 7 ti T'i
per cent.
tSTB,1Irur NOTICES
sgular
. ...... -
KEa
Hoi Flr.it
i bl Plrit
lie) First and
Munson
tti
sEs
v.
Reyser Dldr.. nalttmore
"
Drexol BiiildlnR
.Mobile Tfew OTlean
SE AG ER Li N
PHILADELPHIA to
Christiania, Copenhagen, Gothenberg,
Stockholm. Helsini?fors and Reval
U. S. MAIL
USSB SS "ASABETH"
AT SHIPPING BOARD RATES
Through Rills of J.ndlng Isaned to nil Norwegian, D.mlali nrl Swedlah Porta.
Direct aalllne-a for all Scandinavian nnd Riltln Porta ns cargo offers.
SEAGER STEAMSHIP COMPANY, INC.
W. J. GRANDFIELD & CO., Phila. Agents
Lombard 6176-7
308 Chestnut Street
E A
re H
Incorporated 1891
U. S. Shipping Board Steel Steamer
Regular Freight Service
PHILADELPHIA to HAVANA
SS "COQUINA"
(Arrvvvncemeou bare been mnlt for
For flpafo and
EARN-LINE STEAMSHIP COMPANY, AgcntM
Bullitt Huildirur, Phila. Pa.
Lembnrd (J?00-S!!0.S;o.a30a N, ,, j.n,
i! IHSW
ST 7 y',l3Q6aV. I ed'le
ri . a; 'taisrusg re t c
Old Glory ss row
on me aeven &&&$'
AJIKltltAN SHIPS AHF. AVAIL MILL FOB
YOCIl OCE.N VOYAQK
A'etr combination Pasjctiper and
Freight Ships, rast Lrurunous Stcatnrra
Key number beside ship's name indi
cates operator shown bottom oj column, t
F.I'HOPE ,
Donlogne and London
From Nw Ynrlt
July 12 August
lrt-September 20-014
North State (1R0)
June 28 usrust 2 September
handle Stats (lftol
6 Pan
Bremen anil Diinng
Iom New York
.Inlv IS August 30 Hudson (160).
luly 28 September 7 Susquebanns
flftOi
Julv 2S September 14 Octobsr 20
Comma- (inv
Nnples nud driioit
loin New York
June 30 August 13 Sei temper 24 Poca
hontas (tftO)
Plymouth, Cherbourg nnd firemen
From New York
July 23 August 23 August 24 Septem
ber 28 America dft8.
July an August 27--September 24
Oeorce Washington (150)
SOUTH AMKRWA I
Itlo d Janeiro, Montevideo and Duenna lrea
rrom New York
June 20 Martha Washington (01). 1
1
r.n rsT
Honolulu. Yokohama, Kobe,
Shanghai. Ma. !
nlln, Hongkong
Itiim San Francisco
July 23 Umpire State (10ft)
Aunuit 0 Qnlden State MOM
Yokoliima, Kobe, Hhanirlril. Hongkong,
nil
ftla-
TVnm 4fltll
i,.,. n Sltv.r !tnt 1 mm.
''-"'
HAWAII PHIUPPINKS. F.AST INDIA
Ilonolitlu. ftUnllu. Hulon, Miuninire. Co-
luiniH,, v uiruiia
rrom San Francisco
July 14 UranKa state (105). ,
August 13 Creole Stats (105). I
01 Munton tramaliln Line
07 Wall Street. N. Y
Tel riowllng Green 3200
105 Pacific Mull X S, Co.
10 Hanover til . N. Y
Tel Howling Clreen 4030
1121 Market St San Francisco. Calif
Kill riif Admiral Linn
17 Stito Mnet N Y
Te lm"n (iren OOlft
I C Sin th H!1i Seattle Wash
mi 1 . o ftiuii .s. K, r nn.
4 liruait 1 N' Y
lei Whitehall 1200
U.5. SHIPPING BOARD
WuhiSton.an.
U. 8. Certificates and Treasury Notes
Mt Maturing
Rale Dato
Mid Asked Yield
Ann, mo r, 32 I so
ion I 32 inn .1 32 ft. (HI
urn1, ion 7 .12 4 on
100 1-32 Ulll',4 ft ".I
KIOH 100 7 32 (1 00
.10'iA ion,v ft oft
ino iooa r. .it
lonta ino'i ft 31
inn ioii.C r is
100 100 ',4 ft 70
11 Auir
t'ftH Kept
fl Hap!
ftJ4 Oct
ft$I Oct.
tH Dec
1021
1021
1021
10.! I
1021
1021.
1022
1022.
1022
1021
BJ4 Kel
tS.
Mar..
i.; .::"'
T'DH iun
t'SS vliin
Bfo
ne
Exempt from norinnl federal Income tnx
tAreeptnhle for pasinent of Income tax
I due on date of maturity
1 , , . . , vjui ,.lnn.
Montreal Dealer In Woolens Assigns
li.yjr
"vooien Co and operating i'in eever.
...... thriMtGrhniit CAnni7.t h'xs nrnde nslatr
ment to rjorrton W Scoit authorized trustee
under the bankruptcv act It became known
,rfip r.iahlllllea were estimated at be
ftween 780,O0O and $1 000 0no moat of the
money ueing; our wnnrm w.iui. n niiu.'c
here and In Toronto
KItffiATIONAI.
Until Hfxrn
Bordentown Military Institute
nnniFKNTOWN. s. J.
pritl'OSEs The Individual drvelnpment
of a ho a character and sc.holatehlp tor
the uork of the world In 1 dllege nrlen
tlfl achool or liualnea"
rAf'CI.TYl A Urge svmpatheti, and
edlrlent bodv of Inatructni . .17 ears
. xperlence
INSTRUCTION: "mill classes In
dividual attention Koch bov la taught
liOW to stud
LOCATION'! Healthful location 01 the
rionvvnro River seven mllea frnm Tren
lor. on the Pennsylvania Railroad
SCHOOL LH'E: High standard of
"! I moral student life Purrvleed
nthletlcs wholesom food carefullv
lejulated dallv program nt work and
1 reatlon and drl 1 produce ao"nd hodles
capable mlnd.a and cheerful dlapoalilons
f -,r (.ntatog Addrm Drau.rr r tl
Colonel T. I). I. mdon, I'linrlpnl A om'l
MTBAftWIUP NOTICES
Express, Pnssenger i
rreight service
N Y. to Rio de Janeiro, Montevideo, Buenoi Aires
S s iiautiia WAHII1NT.TON. 15 000 tons b) July S
AJU-:iICAN I.KtiIIIN. 21 uu lD" '"'
N . lU'RON. 17.000 tons (a)
.......... - - - - r -- - ,,., ii.tv
on
Aug. 1
Aug 17
Auir. 31
S AEOLUS 21,000 tons (tt)
h sof-lHEP.N CROSS. 21,000 (c) . ..
fStralKcrs 0 V 8 Shlppino Roord
second find third class
and secoiwl clojs
third class.
ror rates nna pnnicainrn nni'u
10 nn; Pnsaencer Arrner or w
Steamship Line T
xirll Qf.f V.tx- Vnrk
...... u... -----.. V t
- miinaeipnin
PL lMils Conway niflt.. Chlcars
STEAMERS
.About July 2
.Main 676$
HE
July 20
fmlek rtlarfuvr
anre ot cut 4 Uava-uu
Ilntea Apply
WHITE STAR
New York Uv-ernool
July u Aug
(1 Sept 1 I
,iu: .in
.in!. 91 a, 1 'n t
17
New York Cherbourg Snntlinniniiin
Adriatic . Ju.v rt Aug 8 Aug
.'iiiym . JUI) in Aug la tiepr
New lork and Itoaton Aiorea. Olbr ilti
tar. !
NanleN iinH l.nm
Canoplo . Aug 0 Sept. 3n
1 ,,,,,c .-.-. -. -. Sept. 7
i-iiimaripnin i.irerpoiil
l'nverfo-d July 0 Aug 13 Sepi
, ,,
' "
AMERICAN LINE
RED STAR LINE
V Y.
and
Plymnuth ( licrl.onrc
ntuern
Jul' .' Auc
Pt in
' ',-ird
i! ,r 1
o i and
Nev York
i rhurl i
lu'v 10 ,ic j,, spt m
Ji lv SI A.1.E .- ,
Inn an a rr -in.
Hamburg 1 1 1 'lirrhoun:
Ju'v II m .'
.iui : i t
I -win
Mlnnekahda
Dnorr to llamburi
AUg 11 -
N. Y.. Hamburg. Llbau
D.imlg
Wis'.
r-aminna ma class oni'
OoiMand (3d clam onlvi
,, Philadelphia Clnagow
m.,,.. , ,. l, ., .
.- . . ... Phll-ulelphln Hnmhnnr
uiyju
Jun ; I
July S3
Phil"d,ihi,?,".'"'""
i,.-.. . ...'. -..".
ATLANTIC TRANSPORT LINE
Phll,lelrl,l-,lnn
V em Julv ; p i-th an ,,. ,
11DI I 4Vn MIIMlloi ...,.
.-1 irn',,"''"''i-ntrr.inm
" , ' " 1 1 v 23
Internationnl Mcrcnntilf .Marine
Company
11(1 STEAMI US 1 ."11 (mo TON'S
Passenger Oftlce. 1810 olnnt Ot .' Phils,
rrelcht Oflloe. 405-411 Hours. Bide., p tin.
DIRECTiJIiMSERVld
T
Danzig Riga Libau Stettin
Trom
PHILADELPHIA JULY 10
USSB "OronoU"
SAH INLh IHOM
Baltimore July 15 Norfolk July 17
New York July 20
HARRISS, MAG!Lr&C0., Inc.
Agents
Lorn. at2Q.li Main 7.".
Lafayette Hills
Dixie Steamship Lines
Now londinr; for
PHILADELPHIA, BRISTOL,
MANCHESTER, GLASGOW
I ' II s s
OPELIKA
1 MMllul 111 X ill l - 1 1.
l HIM LIU N( 1 uui.s
Hairiss, Magrill & Co., Inc.
2SJMJlUi Hdg- '"Indelphia
lmbard fin- Main 7330
t$&r
-r-L'uti juir . ci yinmn ti,i ic i
' ... "'I" nimhorgl ihnn s n,nr"g ' feJ R O T C under T H tv,J'"?r' ".
' w,F! - ski: w ss? 1 SChLfeH sfaV h$
mTATinNAI
Ilntti Srvra
S IsnUHrWttaH
PEIKCE SCHOOL
or- BUSINESS
ADMINISTRATION
Summer Course for Teachers'
Tor teachers who delf to pre
pare to teach commercial subjects
In Public or Private Bchools Pelroe
ftotiool hss arranted advanced
ourses wiileh Intensively Instruct
In the Pelrr.i practl sl methods ttost
mean so much In actual business
oday
Ijromsr School Opens July Btb.
Write for ftflib Year Pook
rm H- xv t t Itrnrt
A OOOIJ POSITION AWAITH SOU
Btudy to bo a stenographer cr a bookkeeper,
Jur courses are complete In .svetjr detail.
ursea are compiet in
r nfTIrA fealnlnff. lndtv
lrcludln
lnaiviauai mnnw
uon.
Day or night clsatea our rsfsf
enca are exceptional. ;ataiog.
1'IIILA. 11UHINICMS COLI.KOB
nnd t'ollree of I'ommrn
1017 Cliratnut St. I'lillndelphU
hctinnt. ion exceptional children
Hveri facllltv In n linutlful suburban
lioin.' f..i Hi" edu iitl'.u "' 1 hlldren iinab
to at' nd public or private a, hools Domestic
3d me 14 mllea fmni I'hlla Unoklet
.1101.1. IE . UOODH. Prlnrlpnl.
Ilnv'171, Roalvn, I'll
, BANK$ Is the School (bryou
Z7toVfJ'DayS,clioollpJil School
QQLLEGE i2oohlnultS..t'hlln.
Many splendid teacning noaitlons now being
filled In Pa N J D. I Md and N Y.
Fr-e enrollment
Modern Teachers lliirriu. 1002 .Market St.
5TRAYP'3"v The Het llualneaa Srliosl
0 " '-" J 807 CHESTNUT ST.
psaltlnn euarin'd Enter now. Dir or nlcbl
ANN VILLI!. PA ,
LEIINON VH.I.n fOLLEOE - Co Ed
1 oiii-ge Academic Music Dratori C"olIaM
ies Jim ii III.' Mda'e r.iiea $372 to
1401) l-i it ig -idd-.aa DR. . D,
i.llssARI) liinvlllc Pit.
UEAlllNfiPA.
e-chuylklll Sem. lti-adlng'a Jr. CnL. Rending,
I'd. Prep Jt College couras Cartl
ficntea ncc pted bv colleges & universities
New athletic field dining hall ti ndmlnlstr'q
building ' Yenr $470 Yeir opens Sept. 12.
UARREN 1". TEEL. A. 51. D.D., l'res.
IllNOHAMTON. N V.
THE IllNOHAMTON TRAINING HCI100L
An Ideal priv home school for nervous, back,
ward tc mental defective-, No ngs limit. Phy
sla culture Manual training & all branches.
Open yr around rrma $75 per mth A up
Ml' and MRS AUOUST A POLDT. Huct
Rlnghamton New York 1 1.' Tnlrvlsw Ave
NEW 101UI
000 PEOPLE
In every thrusand receive benefit throngH
iplnnl adjustment given by competent
DOCTORS OF CHIROPRACTIC
The public Is rapidly recognlilng the valus
of this method of drugleaa dealing, and will
require an Increasing number of practition
ers. Send for literature explaining tht
rntirse
, NEW YtRK COI.LECE OF CinROPRACTIO
Dent. S. 21.1 IV. 72(1.. New York. .V. V.
DXYTON VA
Shenandoah Collegiate Institute
and School of Music Dayton Va.
Co-Educntlonal Uate j;n (0 1300.
Send fo- C'ltnlogue
Washington D, r
1101.1 CROSS IIA11CM1, Walilngton, D.O.
Overlooking the National Capital
S'ardard and E'e, tlve Courses For cat.
lopues address Sunertore.a
Holy Cross Ai'ademv W'nalitngtnn, D". O.
Y'nnng Men and lloya
r.EQRfii: sriiooL, p.
(iLORCn hCHIHIL, Counti y School for Doyi
and CUrls. Separate dormitories Courasi
bread nnd thorough Student studies undsr
supervision of prlnrlpnl Graduates succeed
In college Sjclil cour.es Athletics gym-naslu-n
iwo! 22, v-onded acres and opsn
eountrv on Neshamln- Creek Undowsd.
Fv ites mrderate. Catn og
CF.OItor. A. W M TON, A. fti..
Iln 3SS. fieorge School. Pa.
jnjBTiiiriirM p.
Bethlehem Preparatory School"
P-lirea for I i ns "leges Extensive
p md Junior Sitionl. Jolin II. lurreT
ft! A., llrndni'ialer 11. UilHimi PB. ""
CIIITKIt. PA.
PcnnsylYania Military College
DegTees In Civil Unglneerlng. Chemistry
snd ' ommercs and Finance. Preparatorir
Division and Junior fcchool. President
Harding saja 'If I had ten boys I would
end everv one to Cheaper "
COLO.NKL CHARI.LS n. HYATT
Itox 22. ( lifter. Pn.
III FN ion s p.
Allentown Preparatory School
"r ' .- , ,. i ,, ,ehool
a"- ' i - I mair ic-in a so
' ' ' ' L ' "' J r-l' KOe I ment
"lole-i I. Il dings.
"" i ai iioir
1 , lleailmnater
e r i i oj - ' 1 - Tl
' u- r 1 . K I' ,
lltMIN M Ni-(,
N i.Ul"TH, P
n7ki:th II M.I. MILI r,KY 'AIFMV
llox flO. Nimrelli. Pa. Foundeil 17 'u,
Pr paramrv Husnes Courses Sr Ini.r.
meliate and Ii tn-pta Athletlca mi ......
3 llf'
He
fl
rha.ler D D Prlnrp"Y
HF.LI.I 1 ONI H PA.
Bellcfonte Academy '-'mifd t0 i0a
I up lift,., vear A.h neid'ySMo'a1
' ' " "- HMH P IIU.iii-s .' ''
llriunmater. llellefnntr Pn. " ..
N I
P.
si. LI M
Sf'Ilrw,,
I'll
Muln I Inc ". K. , ,,
ll irleh llinrv
-rout. A. 11.. , ,,;
MA.sJ"Ni!i!1Ni) t.
Till. I Ml LP
i.Niri.i) sin.s toirri.r ,IV
mtlkinm: m ,, -.i'L'1- 1'
Opens P' lft v rite f r I Htg 4 i.r., .
" ,V';uU";l: ','LV to"0"'
-.-- -ln"nsi'in D -
HAlMIsllOHii yt
riNHIU HNK MlLirAKl "St-7lTrr
r' !V.r ".?'r"H,,,""..a"'l businesii
M.rflll iiiiiiin.' 11 III III, NS i.,i
llov 411. H nnealmro. Yo.
1
NTl NTIIN
M
Staunton Military Academy
I ,rrisi 1 rn ,re ,v nemv t the la.
p ei .1 - for 'f'srait'., novernmaot
ri 'em as or IHialnea. !17ft 110(1 Iwrraclc.
ll,t. i'nn s.nd f r oat, o "rrcg
Col Tho- II llnaaell, w Prealdenl
loi 1. N,iunlnnili.h1e xtntlnnt v.
IAVTN VA
Chatham Training School "
CHATHAM VA HATES ISO'S
"MAKIVfl MKN-NOT MONET'
"Jend for fstalogu
ounK Women anil ftlrla
.11 NMNIIIWN l' " '
11NN-IVNIv II NMN'Ii.wjj v. un
3EECHWOOD SCHOOL (Inc.)
I" ' v o 1 V 1 11 urrtl an 1 Prae
I ' ' ' ' .i 1, 1 1 i.in I'repftra
1 14 l'-'i iinniua ' ma ivstorv of
V - V ' ' .1 a' 1 I ' .11. n rt, - (
1 - - 'M, lni. iIwm Hi.')., S'orriM
K ' - ' 7 ' inmliiB 1 ..1 I.,ri.e ne.v
'i -. m M 11 ll -,., ., , ,.r,,
LI llll ItMI.J.L. MD.
Vllll MI (ill iTm.!-, titn HIIMKN
l.illll nlllr Mil.
An dal '.Urge in si is equipment locating
and uraes of a'uilv The fHi-ulty Is large
ni 1 all- Two and foui ear rnursas for
1 igh who' I grailuHtr-s 1 nnwi in music
pp.. rs m dnmeatl r.lnre and arts,
1 'i -,i', -I..IIIII ! ,n'i eio, uilon.
r ferre I ( nla'.
llo X
WKSf CJIrHTr.il. PA.
The Darlington Seminary, Ind.
West Chmtor. Punnsylvariia
1T1 M HI K I ATF.
:il leir l-na H..itpml,rr 21 I0SI
J in r - n. 1 f, r . ung girls
lor 1 at ni. ki addiesj
hrlaliiie I. Ibr Prlnilpnl Hot 010
Fill M'MIN l t Mlpi,
Mill NI POCHNtl. I' ""
pink mix ( v(. ,. ((IltlH
Pocnno ni fcui li jr fiom Phliadelohla
Mis. IILAKCIIK l I'llirw. IllSioV . "
401 W School iii, PhlluVpl,liI.r.
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