pp?
"
.Vri
!
EVENING TUBMO 'LED&BB-tHliiAiBbafA, THtJfiSDAY,'- jtiliY 14. $31
a
.
.&i1
("'
l-J fc J
K.
! '
''.'" " "'
,v--. t j..
.
p ndling an estate' demands.
inu
experience finu cauo lor
y's6lvinjr of Droblcms that
ono
i should hcsltato about leaving
to the dlecretlon of an Indi
vidual. This Company operates per
petually, Is ' nevor sick, is
novcr too busy and never
takes a vacation.. It has no
selfish Intorcsts and is abso
lutely' impartial.
' Our Officers aro always at
hand to meet every respon
slbilityyand may be consulted
at any time.
Integrity
Trust Company
Fourth and Green Street.
.1
Capital $500,000
Surplus fi Profit . . .S 1, 760,000
Keystone
Telephone 6s
Because its central exchange
equipment is of modern auto
matic type, the service of the
KEYSTONE TELEPHONE
CO. is equally good, night and
iay, seven days a week.
This automatic installation
was" in part financed by Equip
ment Trust 6 Certificates, due
November, 1929, now selling at
90 and accrued interest, yielding
7.60 tax free in Pennsylvania.
Circulars on application.
HARPER &TURNEH
Investment Bankers
If em tiers of PMfadelpMa Stock Srehanpt
Stock Exchange Building
eranton Philadelphia Heading
Spruco 8200
LIBERTY BONDS
VICTORY NOTES
TREASURY NOTES
&
CERTIFICATES
hEccnmzs department
Commercialtrust
Company
JleniW VWternl Ileserve SyMrin
City Mail Squnro Watt
saaHelM WlVi37w BaBasasBBBtai
You know that your llfo In
surance will ha worth Its faco
value at your death.
Will your Investments bo
paid at maturity?
BUY THE HIGH GRADE
RAILROAD BONDS.
Old Railroad Issues ore espe
cially attractive at this time.
Martsn & Co,
1411 WALNUT ST.
PHILADELPHIA
UAMU&Utf
Dealers In'
Investment Securities
Member irw YrH and PMUUtltt,
Htbck litchang
'321 Chestnut St., Philadelphia
WIRE
I
DISPLAYED
AN AIMLESS DRIF
T
Further Stunts In Mexican
Pete Steols and Motors
Conspicuously Heavy
New York, Julr 14. Todny's stock
market continued to drift in much the
Mime aimless fashion ns noted In the
recent pcsslons. Tho tradtnc remained
entirely in tho hand of the profes
Monnl speculators, and In brief was a
traders' gnmc liro and simple. Ac
tivity was confined to a croup of less
than a dozen shares in which upeeula
tire interest has recently been con
centrated. Tho oils were again tho
more prominent features, but the
motors, equipments and tccl 'were nlno
conspicuous by reason df their hcwi
now. Overnight developments furnished
little in tho way nf novelty and failed,
to reflect any essential change in sen
ernl conditions. About the only livo
bit of news was an unofficial and un
confirmed rumor that the Mexican Gov
ernment had revoked tho extra export
tax on petroleum production. This
caused another flurry in Mexican Pe
troleum in the early trading, carrying
that speculative football up over a point
to 1081, but after twisting the shorts
the stock fell back with the rest of tho
market.
As to the general llt the effect of
thin individual demonstration wan
counterbalanced by tho pronounced
heaviness of the motor and Independent
Htecl bliarcs. Ilcfore the market wan
an hour old, however, virtually all
the industrial stocks wcro slipping back,
but tho entiro list plainly Indicated tho
lack of concerted buying power. Tho
softness of the steal group was scaslly
explained In tho coutinuod unsatisfac
tory reports concerning that Industry,
which was perhaps further accentuated
by the unfavorable quarterly report of
the Lackawanna Steel Co. Tho re
current sinking spell in the motor group,
with Chandler breaking iuto now low
ground, was likewise chargeable to poor
earnings. The tobacco group were quite
firm, but the most of tho sugar shares
on tho othor hand Httll proved to bo
suscoptlblo to pressure.
By reason of the overwhelming pro
fessional caste of tho trading, the back
ing and filling of prices contained little
significance. While the market lacked
stability, there? was a noticeable absence
of aggressiveness on tho part of tho
reactionary crowd, indicating n gen
eral reluctance to make very large ex
tension of short commitments In visw
of the diminishing dealings. Much the
(saino as yesterday, the bulk of the
transactions represented merely the
xcnlplng operations of the room-trading
contingent. This wan corroborated
in the pronounced contraction in the
dunlings which accompanied the rever
sal movement following the mixed open
ing. LITTLE ACTION IN
THE LOCAL MARKET
Utility Group Was Better Sus
tained Pennsy Dividend
Action Next Month
I COMPANY 1
I JleniW VWternl neserve SyMrin If
1 " City Mail Square Watt
Nil French 74, 1941 1
Ijll at 05 yield over 8 HI
I Ml Tills bond has On active I Is
III market and we bellevo It II
llll wilt soon advance tn price.
I HI Liberty Bonds bought and III
l sold. Ill
m WlDiNM Bim, Philadelphia III
I AAmirrAWwtAJU.W JJJ
j N0 Yk Stock txdttim I
J 1 mwTMn ttitujcm. Ha JSSt
L5yMLJJBmltaHWILl
There was little more business In the
local market today, but price movemant
wits narrow and price changes incon
sequential. Trading altogether was
rather lifeless, reflecting a strict ad
herence to the waiting policy. The in
dolent charncter of the market, how
ever, was in line with the season, but
the Indisposition to extend old or make
new commitments la intensified just nt
this time by reason of the existing gen
eral uncertainty.
The lecnl utility group showed more
action tnan oDserved lor some few days,
with quotations also better sustained.
Pennsylvania Railroad was firmer, re
flecting the withdrawal of moderate
liquidating pressure; roocntly witnessed.
It Is Understood tho directors will meot
hi the early part of next month and
decide on the secoud aunrttr dividend.
in ttie miHccllanrous list little was
done. Electric Storage Unttcry on a
few sales, fell back to 102U. Small
amounts of Huntingdon and liroad Top
preferred changed liiiuds nt 18. The
Mock was purchased at the auction
sales yesterday $1 a shnro cheaper.
Philadelphia Stocks
1:18 Net
High Low I'M. chge.
iS ElccBtor.l02Vj 102V4 l62 a
3 Hunt &
B Tbp pf 18 18
44 I Co X A 2VU
23 Leh Nov. 03
348 Pn R It.. '.',4V,
2.30 Phils Elec 21 V
248 do pref.. 20
214PhllaRT 17
45 PhllaTrnc R4
25tPicrre-A 18
300Tono Del 1
544 UO I... 334
tNet change made by comparison lth last
al on New Tortt Stock Exchange
PHILADELPHIA IIONDS
2800 Liberty 2d 'ls...
100 Liberty 3d 4V4o. . .
200 Liberty 4th 4Vis..
1(10 Liberty -un 4H
1000 Liberty 4th 4is
18 ..
27' 27H..
00 03 ..
St lit:
B4 51
IS 18 ..
35 3!3',Z U
80.03
00. 6S
87.20
80.04
87.14
1000 Liberty 4th 4s 87.12
87.00
103
53
30
03
08i
H2
.lots
WX) Ltoortr 4tu tYn.
1000 Ucll Tcleuhone 7s
3000 Electric k Poo 4s.
2O00 General AsDhalt 8i.
1000 Intorntato Railways 4s...
2500 Pennsylvania OXjs lots
COO Pennsylvania 0M.H
200Phlla Elee lit 5s reB
1000 Republic of Chile 8s 00
BOND SALESMEN
Ranking house, established
neatly fifty yearsj offers real
dpjiQrtuhity for experienced
rbfosmart with Philailcjphiti
clientele.
Replies confidential.
IX A 43U, ledger Uihce
j
r""i'T,r
DIVIDENDS DECLARED
Phlladalphla Wrbou Co., semi-annual
S pr c:m. tinrabw Auautt 1 tn stock ot
lecord July 2T.
Baltlmera snd Ohio. rml-Rnnuol 2 pfr
cent on prettrrad, payablo Sptcmbr 1 to
atoeK of rrcnrd July 80.
tls Towdtr Co. ijuarlerlv 1M pr cant
on crtfarrad. payahls Auiuat 1 to atocU ot
roeofd Julr 20
MvllliV Hodr Corporntlon. quarterly 2 on
prarerrail. niyable Auicutt l to ttoek of rec
ord July 23,
BAR SILVER
Dar silver waa unchansed tn London to
day at BTlirt.
Lackawanna 8teel Deficit
New York, July H. The report of the
Lackawanna Bteel Co. covering operations
far the teaond quarter of 1D21 ibnw; a denolt
after cbarrea and taxes of 1088,127, which
cfmparaa w(K . prontt In the .precedlns
ouarter of IRTOB. In the second quarter
of 1021. tbe oompany bnd a net profit of
ll.noi.ueu. .
Net Iota from operntlom after teiei wne
19fl4.7fia. eonr&arod with net Income fn the
rqrrMoondtns, period pf last yehr of 12,
TiA.lCt. Imereat charaea amounted to
I23M01. ealnt S2B1 012, and Tprrclatlon
charaea to BIO,4T4. aealnst tBlS.149.
For the lint halt of the year the deficit
amounted to J97-M03. aaalnet a profit of
U,432,21S In thn same potlod nt 1020.
Raw Sugar Steady
Nrnr York. July 14. The raw uar mar.
kt la nulet arl atoady at about 4 c. o. I f.
In addition to the 40,01)0 bm Porto Itlcoa
.Hid to local rcflnera yreterday. a Havannah
rrflner purchaeod 2000 ton for July ablp
mnt at 40. c I f. and another lot of
ROOD hate afloat rtas taken by A New York
rc'llher nt 4Hc. e I. f. . Arrlvala of raw In
rjiulrd 1S.II0U bas Phlllpplnee to the N
ilonnl Buaiir IleiliilnK Co... and 17,000 li
rhlllpplnoa to the rederai eutsr iiennir i:o
The j
'uiaUO.
NEW YORK STOCK EXCHANGE TRANSACTtoNS
Salti
soo
100
200,
3100
210
too
803
400
100
100
100
10)
SCO
400
4 SO
200
100
9100
3400
1200
800
400
100
003
200
1000
30.1
1000
200
8100
100
3800
loo
000
200
4O0
300
100
200
ISM
000
700
300
100
13100
400
110
700
400
1000
200
1100
100
100
300
300
300
1200
100
2n
too
3000
100
1300
7100
(00
830
800
1000
1300
200
300
300
200
4800
100
230
7S00
100
400
1400
300
100
330
400
"" '300
1400
800
100
400
400
100
800
300
3300
,109
700
100
SOO
1100
200
Dlr.
in)
A
7
8
0
13
0
IX
7
10
10
7
7
i
.00
4
X
1
7
SO
llltl
Adams Express; . , ,w . . 41
Alaska Gold Mines ... . H
Alaska, Juneau Q M. . IK
Allied Chem & Dyo... 30
Am AtIo Chtm. ... . . . 30 i
Am Tieet Suiar. .... . 38
Am BoSch Magneto... 33
Am Can i 38M
Am Cotton OH 17
Am Hid A Leather pf SI
Am Ico pf .... 0V4
Am Interrtat Corp. ... 4
Am Linseed .......... 2$
Am Locomotive ...... 81
Am SAfety nsior.L ... 4 yt
Am Rhlp A Com....... iyt
Am Smelt Seo A..f.... 87)6
Am Sugar Kef....... C0
Am Sumatra . ..u.... Itjt
Am Tel A Tel 103
Am Tobacco 131U
Am Tobacco pfnew.. 88
Am Tobscco D 130
Am Woolen ... OS if)
Am Zinc Lead A'Bmelt S
Anaconda Coppxir .... 37
Asso Dry Oooda 31
Atoh Top A Santa In. 83 M
Atcll Top A S F Pf . . . . 77y4
Atl Gulf A W I S S.. 35K
Atlantic Pet 14)4
Daldtvln Locomotive.. 78
Ilnldwln Loco pf.....j07U
naltlmoro A Ohio,, ... 3Rft
naltlmors A Ohio pf..'0
Bethlehem Steel 13.... 40
Brklyn napld TransltUOyi
.Burns Bros 187
Butto Copper A Zlno. . 4J4
California. Petroleum . 33 Ji
Canadian Pacific .... ilOt J4
Central Leather .... 88
Central Leather pf.. 71
Cerro do Pasco i. 33 H
Chandler Motors ...k 44
Chesapealte A Ohio. 84
Chicago Mil & St P... 20)4
Chlcnro Mil A St P pf. 3H
Chicago Northwestern 84
Chin I APao 33U
Chi III A Pac 7 pr.. 73y&
Chile Copper u 10
Chlno Copper - 38
Coca-Cola - 20J4
Col A Southern 36
Colum Gns A Elcc.-. 8
Col Ornphophono .... SH
Consolidated Pis Ins. . 8J4
Consolidated Gas .... 83)4
Consolidated Textile. 18
Continental Can ...... 444
Continental Candy Vi
Com Products Rof.... C34
Cosden A Co 37H
Crucible Steel S3
Cuban Am Sugar 13K
Cuban Cane Sugar. ... 8
Cuban Cane Sugar pf. 31 fi
Den & Rio Or pt 1
Endlcott-Johnson .... 01
Kndlcott-Johnson pf.. U4
Erie U
Erie 1st pf 10
Erie 2d pf 13J4
Famous Players L. . . . 31
Fisher Body 80K
Flsk Bubber U
Genearl Asphalt 8074
General Asphalt pf . . . 87
General Elcctrlo 134)4
Genernl Motors 11
a reat Northern pf.... 8
Ucndee ctfs IS
Houston Oil S4ft
Hupp Motor Car 18
Illinois Central tiH
Indlahoma Rcf 3ys
Inspiration Con Cop.. 84
Interb Con Corp pt. . . 11
Int Harvester new. ... 74
Int Mer Marine pf . . . . 48ft
Int Motortruok 1st pf. 0
International Paper .. SJH
Invlnclblo OU Corp-..
Island Oil
Koyaer A Co. ........ "3J4
Kelly-Sprlngfleld Tiro. 88
Kelsey Wboel pf JO
Kennecott Copper ... JH
Keystone T A R 1
Lackawanna Steel ... 88 H
Low
40
M
1W
30)4
30 U
28
31
20
17
SI
WA
31
34)4
E0)4
4W
7M.
07)4
CSK
eon
103
120
88
130M
CO
S)4
37
30)4
83)4
77
23)4
14)4
74)4
07)4
38)4
40)4
47
10(4
87
4)4
3S
lOSPi
35
70
3JM
47 H
S3H
20)4
80)4
04
11 6
73)4
10)4
28
3H
3SJ.
34
S)4
8)4
88)4
IS
44)4
S)4
37)4
S3
l)4
8)4
31
194
oo
04
18
IB
13)4
40)4
80 4
40rJ
87
133
11
07)4
IS
11)4
02
3
34
11
78)4
48)4
CO
S3 14
10H
3
73)4
37)4
00
1014
life
38 H
K
1:30 Net
Close Chc.
1 )4
V, ..
1M ..
40 14
fl)4-
21 - )4
33 )4
H
17-94
SI - )4
00)4 - V4
31 -
34)4
80)4 -
4)4- a
7)4- H
67)4 ..
- H
S0J4 -
101
1J0)4 A
88)4 - y
120 M 1
60-54
sn- y
37)4- H
811
nH ..
77)4 1
23)4- 1)4
14)4- )4
7SW-
3707)4. !4
38)4- Ml
60)4 H
48 - H
10)4 .
87
4)4 It
s - 1
lot )4
33-54
71
35K- H
48- 1W
4 14
2014 J4
30)4- )4
01
31H
78)4 10)4
33
38J4 94
34 J4- H
ji a it
6)4 Yt
8)4 J4
8514 ..
IS
44)4 ..
H ..
9SI4 - M
37M- H
64 - 1)4
i)4- H
8)4 ..
31 - )4
1K )4
60 - )4
04
13)4 ..
10
13)4-
60 - IK
80?4 IK
11 ..
80 74
873
133 - 1
11
68
18
8314 - )4
11)4 ..
03 - H
a
34
11
74 - )4
4874- K
631
S3
io v
a
73)4- 4)4
37)4 ..
B0
10H- Vt
11)4- A
8894- )4
)4
)4
Dlv.
Batea In I
100 x
100 i
SOO .,
100 7
300 ..
100
84000
100
IX
3
700 l.oo
ooo .,
800 ..
400
390 ..
300
100 ..
300 1
100 ..
100 . .
loo n
1030
100 3. SO
100 ..
!4
- )4
100
603
100
'400
'1800
100
coo
800
300
100 6
0J .
6403 s
10(1
" 600 t
609
600 ..
100 7
800 ..
3100 ..
100
300 ..
800 8
100 ..
V '00 1
100 8
100 8
1000
303 4
100 ..
1300 4
300 ..
300
3100
S803 8.X0
103
100
600
309 .74
3800
SIOO 6
800 ..
100
100 7
G3 300 2
SOO
14600 7
300 1
200
13ft0 S
100
300 I
1400 6
300 ..
300
300
403
300
100
XOO
1S00
100
7800
100
11100
300
400
000
100
100
300
100
100
200
3300
100
1100
300
200
ltlrfl Low
Lee Rubber Tire 3 3094
Loft Candy 0 0
tioewe Co i . t 10)4 . 10)4
.Manhattan Elev iruar. 40)4 40)4
Marlnnd Oil 14)4 14)4
Max Mot 1st pf ct sta 94 94
Mexican Petroleum ..108)4 ,10694
Miami Copper 31 31
Middle States Corp... 11 10H
Mldvrtlo Steel ...'..... 14' 38)4
Mo Kansas A-Tcxfts.. 394 3)4
Mo Kan ATcjcpf.... 4 4
Missouri Pacific pf . . . 30 30
National Acme IS 14
Nat Clonk A Suit 37)4 37)4
Nat Cloak A Suit pf.. 0194 4194
Natlonnl Con A Cable. 194 194
Nev Con Copper 10 10 94
N OTox A Mex SO SO
New York Central.... 68)4 60
Ncrw York Dock 38 28
New York N H A II. . 18 18
New York Ont A TV.. 17)4 17)4
Norfolk A Western... OS B4
Norfolk A Southern... 13 13
North American 61)4 6094
Northern Pacific 73 70)4
Okla Prod A Itef 114 1J4
Orpheum Circuit .... 21 31
Otis Elevator 93 63
Otis Steel 10 K 4094
Pacific Gas A Bleo. ... 88 S3
Pacific Oil 34)4 34)4;
Pan-Amor Petrol .... 81)4 4094
Pan-Amer B UV 44J4
Pennsylvania n R. .. . 3494 34)4
Penn Seaboard Steel.. 8)4 7J4
Peoplea Gas Chicago.. SI 80)4
Phllllps-Joncs pf 74 74
Phillips Pet 17)4 17)4
Plerce-Arrow Motor . . 18)4 1794
Plercc-Arrow pf 38 38
Pierce OH 7 7
Pierce. Oil pf 81 80
Pittsburgh A WVa... 31)4 37)4
Pond Creek Coal 14)4 14)4
Pressed Steel Car.... 7194 7194
Pullman 06)4 00)4
Punta Altgre Sugar.. 37)4 27'
Puro Oil 30 30
Bay Con Copper 12)4 13)4
neadlnp; 08)4 07)4
ncmlnpton Typewriter B0 10J4
Replc Steel 10 10
Repub Iron A Steel. .. 47)4 40
Itoyal I?utoh N Y 88)4 S)4
Rt Louis Southwest.. 34 34
St Louis Southwest pf 33)4 33(4
Sears-Roebuck 64 94 68 94
Shell Transport 40)4 0)4
Sinclair Oil 3094 20
Southern Pacific 7ft 78)4
Southern Rail left 19 JJ
Southern Rwy pf 46)4 48)4
Stand Oil of N J pf . . 10094 10094
Stewart Warner Speed 33)4 23)4
Stromborg Carb 33 33
Studobnker 80)4 7894
Submarine Boat Corp. 494 494
Superior Oil Corp 4ft 474
Texas Co Ml )4 34
Texas Co full pd 33)4 33)4
Texas A Pao c A O. . . 184 18)4
Tobacco Products .... SS)4 S494
Trans Con Oil 774 774
Union Oil 10)4 I094
Union Paclfto 110)4 110)4
Union Pacific pf 0394 63)4
Unltid Drug 84)4 84)4
United Drug 1st pf... 41 41
United Retail mores.. S394 3394
U S Ind Alcohol S094 4074
U S Realty A Imp... 48)4 48)4
U S Rubber 4094 48
U S Rubber 1st pf . . . . OS 05
U S Steel 74)4 73)4
U S Steel pf K...100 100
Utah Copper 4894 48)4
Vanadium Corp 34)4 38
Va-Car Chem 30 30
Va-Car Chem pf 7274 7374
Wabash pf A 2194 3194
Wober A Hellbroner.. 13)4 1V)4
Western Md 2d pf. ... 18)4 If)
Western Paclflo 34)4 34)4
Westorn Union Tel... 80)4 83)4
Westlnghouse E & M. 43)4 43)4
Willys-Overland 7 07J
Willys-Overland pf ... 30)4 30)4
Wright Aero 794 7J4
1:30 Wet
CIO4 Chte.
8K- 94
s
10)4- )i
40)4 . .
14)4 ..
94- H
10094 ..
l 9il
1094- 94
33)4 - 'A
3)4- )4
4 1
30 1
14 - 1)4
37)4- 1)4
1- 1J4
194 .
10H ..
60
88 - )4
38 - 1)4
18
17)4
4 it
133
04 - U
H- 94
114 ..
31 - ltt
83
10H- H
M
9494- )4
so 74 94
4474 94
49 V
8)4 4
0)4- )4
74 T
17)4- 94
18
311
7 - )4
80 )t
37)4- )4
4)4 -T 74
7194 H
0)4 ..
37-1
20 J4
)4- K
K- 94,
20 .. '
10 )4
40-1
80)4- IK
31
3.1)481)4
6394- 94
4014 - V
3o94 )4
M94 !4
i074- 94
4SJ4-
10694- )4
23)4 ..
33
- )4
494 )4
4J4- A
34
33)4
18)4- )4
8494- )4
774 ..
19)4 V
110)4 )4
03)4- !4
84)4 a
6394-"')4
S0K- H
48)4 )4
4BJ4 - )4
OS
7394- h
100
48)4-
38 - J4
30 - 1)4
7374 74
3194- )4
13)4 V
18,- 94
24)4 ..
63)4- 374
)4 ti
1 V
20)4- )4
7H ..
Commodity Markets
COTTON MARKET
New York, Julr 14. With n small
trade nt the opening today, tirst cot
ton prices were 3 points higher to 1
lower, influenced mainly by scattered
local, Wall street nnd Now Orleans
buying. The South was the principal
soller and filled the demand so that
shortly after the start the list was
off about 0 points from the hUhest.
levels established after the call, but
still about 3 points abovo last night s
Tho receipts at the ports for the day
..- n.tmntd at 12.000 bales, com-
tmred with 12,752 boles 1 week ago,
1G4H bales a year ago nnd 15,008 bales
two years. . ...aa
A. M.
1316
IS.
IS
Prevloua
CloeJ Open
12.44
J'3.1
LOCAL MINING 8TOCKS
TONOPAH STOCKS
Hoy .
tier
r.h
rtn n..,il
MacNamara
creeaent . . .
Midway . . . .
Mlmah Ri(
Mofth Star'!!
Iteaoua Eul ,
Tonopah Kat
TV.. l?n
West Tonopah
nld
.04
.07
.IB
.07
.10
:oiS
.sn
.00
Allied Divide
Alio uiriae .
Ilelchor j. . . .
ntlcher Ext
DrVIDE STOCKS
Uen llur .....
tlroujrh Divide
Divide Kxt ...
I) vlile Con . . .
ia.
il:o
18.70
13.44
18.14
lill
18.75
julr
Qotober
uecemoor
January ........ 1
Maruh
GRAIN MARKET
N6.W 'ork, July 14-WUcat started
uc hlKher to c lower for July, c
to laic off for Sipttmbor, and c to
IVjc Tower for December, with general
selling because of rains. On tho break,
houses with Northwest connections re
sumed the bitj-lfctr they bstVe been do ng
tho last few Jnys and there was buyUw
by other houses suposed to be acting
for a leading elevator interest.
Corn Mnrted lc lower for July. c to
114c off for September, and V to lo
lower for December, with general com
mission. house: soiling. The market rati
into resting orders to buy on the Uc-
dOats started He to VjC lower for
c k. nn.l tii In Via off for De
cember with eommlwrfon-hoUHo selliug.
C'bh interests nnti iocbis uuukhw
break,
NEW YORK COFFEE MARKET
New Vorit, July 14. The opening of
tho local coffee futures market was 1 till.
with prices unchanged nnd trnnsactlnns
!'. . 1.. . ninmlier nt (1.7R.
ai.0 market was empty of oderseiter
war. nnu it may m"" u" " "
cold weather in Sao Paulo checked any
disposition on tno pari m w "'"'"
aril rontracts. There was only a scnt
tcreil I dtmnua and what bidding there
was lacked snap. ., . , ,
Up to roidtlor transftctlons had been
confined to tho snlo of one lot of De
cember nt 0.78. Few brokers were
around tho ring- and J81" a" 0
most entirely neglected, 'ihcre Is u
holiday In nriiRll toduy mid no ad
vnuccb arc coining forward, local op
cratorH, therefore, being disposed to
await developments.
Beplrmfcer !! "?'0
Decmber S'ofiftii 'T'on
March i..... -fi2Kii II S?
May 7.30s T..I
ma.
TlivlAfinA
Eaat Dlrlde
Uarmlll ..u
Itaabrouck Divide ....
Itlgh Divide
Knox
Reert D vliJe
H.nn niVldlt
ItoMta.
liver Kinn
ii,tia.tnA ..........
n.A.Ata.i. r,iMl.4 .
Tonopah JUebrouck . .
vicxory uitiob
Verdo Dfvid i .
Zone
GOLDFrELD STOCKS
rinnth .....llltl.MH .02
Comb Frac
Crackerjaclc ',"
Dlamondtleld Blue Dull
Florence
S oilfield Con
old Dev
nnMStlA neao
Great Hand
jumuo isii
Kewanaa
l5in Star k-
Oro
R'd Hljli
ntivcr 5 ,
bpearhead ul
M18CI5L,tANEOOS
Amparo "',
Arizona, uraira ".;
Reaervs Banks' Discount Rates
Offic.al rdlooun"t ratea at tho tetve Ked
eral Itisrrve nanxa a
Troaa
follows:
ctfo
O
0
O
0
, 1.1b. Com' I
llonaa. I'aper.
n 11
(1
e
8
Ukri.
Acoept.
il
IJV4
local refined market. U unebarured with
ra llet rrteea rartalnir.frprn S.SfJr is
A nt iii. cent f6Fe,TJp'.flne fitji
.o
r
with Interett
Boeton .. . ..
New York . .
Vhlladolphla
Cleveland . .
Alehmond . .
Atlanta ....
f'hlco ....
St. I.oula
MlnneapolU
Kannna Cliy
Delia . V
Ban I'ranclao... . 6 0
rftte lrn by eertlncatee pledced a collat
ernl, will, iimii.m.w. - - -
Ask Carriers to Cut Livestock Rates
Wcuhlntton, July 11 natea on Uveetook
were held o be unreasonable from an ecn
hnmlo atandpot. and a. recomrtMndat on mi
made to the Intereiate Cpmmerre fommle
elon that the en rr I ere, make eubetantlal re
Siena for the bensflt nf.bualneSa in ken-
rral. In a report made today by Uxamlntr
ti.J... !- ..aaa htrh HI, hrhnrhfe bv
.01
.02
.01
.01
M
.22
.02
:8?
.12
.01
.Is
.02
.01
.02
.01
2.00
.83
.02
.01
.02
.11
.01
.21
.00
.01
.01
.02
.04
.01
.02
1H'
.0!)
I'aledMnla
Kfltn
Kmmii Pllver .
Bureiia froeeua
Rureka Holly .
lfcrln.
Jlother 1xle .
Novada 11113. .
Neada Wonder
fluccrei . 1 !.
T.cnn. MlnlnBr
White Caps ..
WIIDori
.08
.1(1
.01
.20
tn''
3U
5 00
.01
.Hi
.02
on
.01
.02
Ask
.03
.Oil
.1
.01)
.12
:?o
K
.o
,0T
.02
.OS
.03
.03
.Ul
.OS
24
oa
03
02
in
.02
01
1.1
.116
02
oa
01
3 00
,5
.04
02
.03
JO
.01
.02
.00 ,
01
.30
,0D
.02
.IW
O.H
on
111
.03
IF
.10
.03
1 111
11
111
IS
112
31
01 "4
K
.18
118
00
.UJ
GOVERNMENT BONDS
Si IPSO.
S 19811...
o. man
Sa inns 1011
Panama cou
Panama res
Von.m cnu
rnnama te
ranama cou
I'annma reB
1'nlMpplne 4a
Phlilrp n 4i
J'hllipuine "
U H Uov ro 2 W
U B Gov oou e iju. ..
U 3 Oov rest 4 'S-fj;.-;
D of Columbia 3.05a 124
nfi
la 11)111...
1034
tiisa. . . .
lllfi'l
Hid
loo
100
ion
71
77
77
77
7T
ioovi
104
10
03
lOVl
14 Vi
1414
A.k
100'i
100"
100H
1 004
11
SI
81
105
IDS
Dank
BANK CLEARINGS
cloaflnsa to-toy cflnpared vlth oor-
iib day last two ywvra,
11)21 . lOSO 1010
lT3.nno.onn tn2.0H4.nt $Bg.jn4.ni4
608,000.000 755,T2il 42ft 010.uB8.38T
U.S. Certificates and Treasury Notes
Int.
Hats
n
fSVi
t'.a
llaturlnif
Dale
i&;ll
I M . "." J-
,.! S
Pi re
H 8:
late llld Aeked Yield
!ul.. 100 1.82 100H i 0.)
Sal lOO 1-32 )00 4.7fj
031. . .10011 100 1-82 4. To
021 100 1.32 lOOVi 4.00
1021 100U 100T.32 4.00
l02l 100 S-IO JllO TOO 4.IIS
IaaI AA fill 1 Ai A.i at nn
Hell..
me.
ine,
Ulaaue The cnee. whlrh waa brouht by pany'a nre. uur .farnmaa ior ine nr
llviiiock ahlppera In the Weetern Statee. snd rnonthi of jMl h4w. "V0. martin l
n wffe,B. fittsus stnte romml.alen? ara Tn-ir" dlyWenV. ,"'i.kir,";,ftfti ift'P
Wwft. will -bs- heard Ittturrotr by th tnlnrVJ in ". "W1t1("(" VtoMt of the I
million. - T" -)fele1 companies.
Ia.I ,Aft l.tl,. 1 Ai 4 4 R Ol
102; 100 3-10 100 6-10 A.Sit
1032. .. . 100 1-32 100S-32 I1.3T
On June, ivi m' i., mu bid u.ui
tAocoptable for payment at Income tax due
on date of maturity.
Amor. Tel. & Tol. Earnings Increase)
The Amarlnan Telenhone an
fn : reooruna- tor alx monini :
nd Telesmnh
iqomi j
Y...1 Ji
IK IV, PIM fl.'l,.... VUUrn. dm a .u,
-.....,. 1 nneratlnir revenue nf I28.fin0.711.
compared w th JtS.lSO.ni2 fnr the eame ro
nod lait year, or a . iraln of J87O.0SI). Net
"arnlnse fnoreaired J68U.A110. l'readent If.
1 1 Thnyer. of tho American Tofetihone, and
Telesraph Co., In h memorandum to attirk-
noldera. aayn. imp i.,niiiioiii nccuinpntiirv
tbi flifit (lUnrtrrly payment at the I) per cent
nnnun dlv Mend rate, eilal liahf, at ine
mwtlns of your dlrectora on March 21. 1021.
.rnuB tharAi. Our camlnaa tor the nrat alx
i.it.. nt 11)31 ahdvr a aato nurin above
(iw...... v z 1.1.1.. n(A ....,,, nlli-
Vtio.
LIWITEO DEMAND
Fl
)R CURB SHARES;
Market Ons of Small Transac
tions and Declining
Pricos
Now York, July 14. Tho New York
curb exelinnsc mnrket Rcnernlly wns ont;
.n.1,11 Irnrnnrtlnim find rlrrllnlniT
prices, thero belne llttls demnnd eyenl
lor storks in which me must umiuiuini
bankltiR Interests are concerned. Cities
Service common continued Its down
ward movement, hftvlng n further fall of
2 points to 101, and wcaln making a
new low record for recent yenrs. Other
Cities Service Issues moved down In
proportion to the common stock.
Acme Packing dropped to 1 and
Aetna Coal was traded in nt 1 nnd 1.
nrltislt-Amcrican Tobscco had a steady
demand and made n fractional gain to
124. Car. light was also slightly
hither with a sale nt 03c. Dunmt
Motors continued to recede from a high
record of 28, made a few days ago, and
dropped today nt 23. Cllfn Aldcn
Coal was exceptionally strong; or a
time during tho forenoon, ranging from
:U',ft to IW, but reacted to 32. Sweets
Co. of America was heavy, selling at
2VR mid 2-74, nnd United Itctall Candy
(.old nt 0 nnd 0.
Oil stocks generally moved within a
narrow range and reflected an entire
absence of outside sncculntlvo iiitcrost.
Standard Oil of Indiana was traded In
at (50 and 00, while Anglo-Aioeri-cnu
hold down to 10. A sale, of
Standard Oil of Xew York was made
at M01. International Petroleum yielded
from 124 to 11 and Maracalbo from
20 Vi to 10. Slmms Pctroloum again
sold 'at OMi and 0.
IMIUSTMAXS
1812
''HP
THE
1921
.
PENNSYLVANIA- COMPANY
For Insurances on Lives and Granting Annuities
TRUST AND SAFE DEPOSIT COMPANY
Capital and Surplus ; - $7,000,000
Member Federal Reserve System
nnoAP BTnrarr brncis 51 Chestnut Street
Cbeitnat and Juniper Streets i Philadclnllin
II I
IT CANNOT BE PURCHASED
This copyrighted do luxo edition of n real book that ovory
Investor should read is like a breath of fresh air on a hot sum
mcr's day. It is beyond monoy'u worth you cannot buy itbut
you may own a copy with our compliments on request
Alan A. Alexander & Co.
STOCKS and BONDS
COLONIAL TRUST BLDG., PHILADELPHIA
Key.t IUe 010 Helll Locnat 5340.1-1-3-4 1 llranch Ojllce, Brldteton, X.,
BIG COTTON CROP FORECAST
Yield for Entire World Placed at
19,505,000 Balea
Washington, July 14. Th world cot
ton crop for tho year 1020-21 Is placed
tit 10,1)0.1,000 bales of R00 pounds
grosn, or 478 pounds net, by the Uu
rcnii of Markets and Crop IOstlmntes,
Department of Agriculture, which based
Its calculation on best Information
available. The Ilureau of the Census,
Coinmorco Deportment, places tch world
production of commcrclnl cotton nt 10,
830,000 bales of COO pounds net. ex
clusive of Ilnters, hnslng its calculation
on published reports, documents and
correspondence.
The Department of Agriculture's flR
ures were mode up us follows: United
States, KI,.'HIO,000 bnles; India. !,
9JiM!$ '?& LSSLOOO: China. 1.
000,000! KtiHslli, 180.000: Itnizll. 100
000; Mcxli'o, U).-,000; Peru. l.TT.OOO:
and all other countries, 400,000.
CHALLENGE DRY STATISTICS
Cincinnati Police Deny Crime Is
Decreasing
Cincinnati, July 14. Hamilton
County olllclals were inclined to iptps
tlon the correctness of tho figures touch
ing upon crime in niicinnnti since
prohibition became n law, ns given out
by the Hoard of Tempcrnnci nnd Public
Morals of the Methodist lSplscopal
Church yostcrday.
"I would like to know where thi
Methodist board got Uk figures," TouU
S. Cnpellc, Coimtv Prnjipcionr. nnid
last night. It is true thnt tho work
houses aro being closed for lack of
prisoners, but nt the name time the
penitentiaries, reformatories nnd jnlls
nre being filled to their capacity.
"This shows that whllo misdemeanors
which should not bo eliissed ns crimes
In the proper tcnso of the word nro on
tho decreoso, tho major crimes are
showing a largo increase since prohibi
tion ocenmc riircuve,
"Then- have been twenty-eight kill
ings in Hamilton County within tho six
and one-half months since January 1.
That Is four more than tho number of
killings for tho entire jear of 1020."
TO EXTEND RATeTbASIS
Catholic Women's Body to Place All
Members In Same Class
Atlantic City, N. ,)., July 14. One
of the big efforts of the national con
vention of the Ladles' Catholic Benev
olent Association, which entered its sec
ond day here yesterday, will be to place
the cntlro order on nn adequate rate
basis.
Approximately 00,000 members now
are on the nilcuntc rate plan, and at
this convention It is almost certnlu
that between 01.000 nnd 05,000 others
will be placed under that category. Tho
rate will carry members iving it for
all time without increase. When tho
association mot here four years ago the
order was placed partly on tho adequate
plan.
Abbo Lnndls, of Memphis. Telm., one
of the best known actuaries 111 tho eouu.
try, will address the convention today
on this subject, as he did four years
ago.
Miss Kato Mahoucy, of Troy, N. Y.,
has announced that she Is a candidato
for re-clectlou ns national president.
Vhilo It Is extieoted there will be nn
opposition candidate, there "Is no basis
for belief that Mltm Mahoney will find
serious difficulty In being returned to
office.
Less Cotton Consumed In June
WMhlnstan, Julv 14. Colton conaumeit
durlnK Jun amounti'd to 401,834 runnlmi
balM of lint, and 48,(MIS balea of llntara. tlii
fi!n"V" J?,1""'" "louneaii today. Oon.ump
Jlbn frt JUM a , aso was dSo1S5 b&lM St
lint and 35,248 of llntera. t-
'
Aemo Coal IH 1 I
Acmfl l'aoklnic 1J4 lji 1H
llrl Amer Tob coup 12H Yil 12U
Cnr l.ljht 0.1 OS OS
Contlntntal Motor nH oU BU
Uurant Mvtora '.'Si' S8V SA
Kmrlro rood 'jah 3 :'.l(
Olan Aldtn Coat flJH SlU 82
Hcydtn Chem Ill 1 1
locomobile 0(1 00 00
Perfection Tire TS 7S 7S
Itndio Com 1 1 1
Koulhorn C & I li 1;
Htond nrd Motor ft n 5
Hwcots Co aft 31 -j;
U s Ulstrlbutlmt S2U 22 22
V H HhlP Corp 10 IS 10
U S Strum 2H 27f i!7
Unltod I'ront Sharlnc .... Ul ill ii
United Ilet Candy H SH S
West Hnd Chem 84 83 63
STANDARD OU.fl
Ansln-Amcr Oil IT 1 10
Htand Oil of Ind 00 (10 WK
ijtnnd Oil of N Y 801 301 304
INDKl'ENDKNT OIM)
Allied Oil 4 4 4
Iloono Oil 10 IT 10
lloaton Wyomlnir 02 00 02.,
Carlb Synd 4H 4 4H
Cltlea Senlra (old) 108. 101 101
Cltlea Bervlce "13" ctfa... 11 1 1 Vt 11
Cities Service pref 41 41 41
penny Oil 11 10 10
Knlnxu Tetrol 37 87 37
llleniock Oil HR 83 S5
HudKon Oil 24, 21 1!4
Int Petrol 12ii 12 12
I.yon Pel OS 00 U5
Maracnlho Oil 20Vi 10 20
Mexico Oil Tl OS (18
Northwou Oil IS IB IB
Ilyan Cnna B a B
Hlmma Pat 1J4 6S BJi
flkelly Oil 3H OH 8H
Texor; 7p fl 70
Zapatn pref lti 1ft 1U
shnino
Alaekft llr Columbia 37 85 3T
Arizona ratanonln 0T OT BT
HI Ledge 28 23 21
lloaton A Montana 01 00 00
Cnndelarln Mlnlntc 2S 28 28
Treason Clold ltt l"i HI
Crescent MacNumarft .... 7 0 O
Divide Kxl 23 23 23
Ooidfleld Tlorenco 2(1 20 20
Gold Zone 11 11 11
Uarmlll Divide 13 13 13
Howo Cound 2V4 2V, 2H
Knox Dlldn 11 10 11
McKlnkley Darragli 14 13 14
MacNamnra 11, 14 14
Mason Volley 1? " If,
Mother Lode new a)f Bji 8U
Mother Lode Coalition ... 3 3H 8W
National Tin r.O n BO
Nevada Silver Horn 21 21 21
Kay HcrculcH 23 2.1 28
Tonopiih llelnront 1 I 1
Tonopah Divide 84 SB 81
Tonopah Mln 1A 1, 1A
United Kuntern 2H 2A 2H
Yukon OuliT 00 00 00
IJ0ND9
Amtr TH o 1024 on or,' on
Anncondii Th 1020 02 V2 02
Armour 7a 'S 'I'JH Wji
lleth Stoel 7 102.1 07 074 Vt
Can N.it llw Ku 7 lonU lonjt lujijk
Chi Un Htn O's 103 102JI 102J4
C'oppor Import Hh 1023 1U0J4 10U lOOH
Coppr Kxport Hh 1M21.. 100'i 100V4 100
Copper llxport 0a 1112,1. . .10 WOK Kill.
Gulf Oil 7 00S 004
Heinz Co 7a 08t 08 1 08Ji
III Cent H'A a IWH UsU 8f
Kennecott 7a .... '.'3 i 03 4 MS 4
fieara ltoebuok 7 1028 Wl' Ofll" OUl"
Southwest lloll "j .. .. ORj! 0B1S vr,
Htnnd Oil N Y Ts 102T .. 101(4 101V4 101 J4
Htnml Oil N Y (IVjb Do 00J
Vacuum Oil 7 loott 100 4 lOOH
Western Kloctrlo 7 . .lOO'.i 100'i 100H
STATE OF
SAO PAULO
. (llrarll'a Oreatest State)
5 Gold Loan of 1905 due 1944
At present rntcs of exchange
tho annual Income Is over 8.
With tho return of exchanae to
normal thoso bonds which nro
called at par will net Investors
over 80 Increnso In principal.
Prices on application.
Mcmbas of A'cia York Btook
Exchange
ESTAnLISIlEl) 1B80
1422 SO. PENN SQ.
Nev Yorlf, Boston, Chicago
bVbWIv
Investments
Baker, Ayling & Young
JOSETn W. SWALN. Jr.. Manager
Land Titl Bldg.
Boaton PbiUdolphl
We offer IWkMMliMSff&B
FRANKLIN TRVST COMRAMV
X DAT AND HIOHT aANKIlro
SfcKVICE
is a ntccsalty too often
recognized after 3 P. jj,
16th St. Below Market
Dataware Ave." B3nd
nd and
Marfcet Pt, Market S(a.
IV Unnl.lt..
Water Power Securities
No Tiiet or lAbor Troubles
.Prre o i'entia. Sfafo Tax
JosephW.Gross aCo.
1421 Cheitnut Street
riNANClAli
HEW ENGLAND POWEI1
:iiiiiiu
FOREIGN EXCHANGE
New Vorlt, July H. Tho foreign ex
change market In tho main was heavy
at the oliciilng today, sterling, tOKPtlter
with the Continental exchanges, tJiow
lng fractional lothes over 'Wednesday's
close. Tho Hcnndlnnvlnns wcro irreg
tilnr. The quotations follow:
Sirrliiii,' ciibli-s 11.03. demand
fj.ll.'l-s; trnnc cables 7.h(l, checks 7.85;
IIcIkIiui cables 7.U7, checks 7.00; Swiss
cables 1(1. Tm, checks 10.52; liro ca
bles 4.C.'!, checks 4.0'J1,i ; ncneta cables
la.OS, checks lll.Ort; guilder cables
ai.ilO, checks .'tl.sri; Htockliolm cables
21.!i3. checks 21.20; Clirlstlauiii ca
bles 13.00, checks 13.03; Coiienhagcn
cables 10.05, checks 10; marks 1.82.
Tho rnto of premium in Montreal to
day on New York funds wan 14 1-10
per cent. The rate of discount in New
York on Canadian funds was 12 ll-!!2
per cent.
Central Furnjicaii exchanges woro as
follows: (Stpclt, 3.50; lttimnnlnn,
1.4H"4; Ilulcarliin, .07; Austrian.
.14V.; 1'olWi, .00; Czccho-HloVaklati,
1.34'j ; .TiiKo-HlavIan, .03.
YreSTERDAT'H FINAI, QUOTATIONS
Bterllm Trnm-s Lire Guilders ,
Domand . . 8 iu'4 T H7 4 n? ai nn
t'ablea 8.I11H 7 88 4.08 8100
TODAY'S OPHXINa QUOTATIONS
tlturllni: Kranci Lire Oulldera '
Demand 3.II3H 7.SR 4. 0214 8183
. . o.iijii 7.HB 4.u;
BOND TOPICS
Send for our illustrated book
let containing absorbinp: arti
cle, "New Popularity of Public
Utilities."
Current number of "Bond
Topics" also contains a list
of fundamentally sound se
curities (lonp; and short torm
mnturitics).
Fairman' & Company
Drcxel Bulldinp, Fhila.
Kstnlillshrd 1002
A. H. Bickmore & Co.
HI Broadway, New York
viiaiimifiiaiaiiiiiiltlii'iiiiiiv
ToYield6.60to8
Averaging 7.3io
A combination list
Carefiillu Selected Bonds
All Standard Issues
$5000 par value for $i7&5
Annual income of $305
List upon request
Reed A. Morgan & Co,
Wet r.nd Trust VUla,, rhlla.
Members of the I'hllo. Block Exch.
Nor. Indinna Gas & Elec. 5s. 1929
Georgia Rwy. & Pr. 5s, 1954
American Pr. & Lt. Gs, 2016
Scrunton Elec. 5s, 1937
HENRY D. B0ENNINQ & CO.
... HT,r,f "JXCIIA.NOB IlUILniNO
Blrret I'rlviite Telephone tn New York
Mrmbera rhlla. Hlock Kiclianrs
Cables
81. 00
LIVESTOCK QUOTATIONS
ritlHliiirxli. July 14. IIOOS llecelp'a.
inyira,
nd plxa
3000 head . Loner, Heavies, 110: heav
llxht vorkera
0: heavy
110.70(1
.sorkera
hlllCKP AND LAM11B ltrceipla, 1000
tf"1' - Steady. Tjp shnp, IB.BOi ton lambs.
C'Al.VIJR necelpu
Tup. sii.no.
200 head. Lower.
15a at lliiljnlo, N. y July M CATTLW
nct-slpts, 101) head, blow nnd barely steidy.
llOUrt ltecflnte. sloo head. rla. JUo
lower: others elenily, llesw. I10.5O: mixed
5io.no 10.73 yprkcrs, lluht yorliers and
plc".,,10.7.'i: riiushs, si etaza, 14
njw.i.i- t.vu i,..iiuaj
(toady, t'nilinnued.
-Kecelpt
t.ooaa
s. 400 head.
Trust Company
needs general ledger bookkeeper
and teller; young men of good
address and personalities and
officer material.
A 432, Ledger Office.
Weetern I'Mina. Itillroml r0. 4a.
I'ennu. Ilullrond Cvnsol. l4t. .
reiinurltanln Compiuiy 4s
Fiultuhle, III.. (Ina Llclit Co. fts
..101
..1000
.1081
1028
..104.1
.1037
Samuel K. Phillips 8c Company
MK.M11KIIH rillLA. STUCK KXCIIA.NHK
807 CIIKHTM'T HTIIIIKT
Term Haute. Inilii s. Si Knt.t. Ku
lMilln. Itrpld Trnnslt Co. Sn
MONEY-LENDING RATES i
NT.W VOUK Mmiay on call. Loth classes
of collateral, opened todnj at (1 per cent
for lending nnd renewlne.
rilII.AIIF.I.rillA O.II, n por centi time. '
0 per cent! commercial patori threo to alx
innnths, il per cent.
Nota Thesa ara merely nominal nuotu
tlnns. the Irani rate of Interest In the Ula'
of Pennsylvania belhj ned at 0 per cent
Vluj premium nnd rommlaaloii. tlnio money
for thirty to ninety day la loaned at 7 t
7,V4 par cent, while commercial paper, fr in
thirty to ninety dare, li loaned nt 7 t o 7 i
per cent, ' "
Bonk of England Btotemont
London, July 14. The weakly atntoment of
rouo
P. J. VAN DILLIARD
ACC0UNTANT-AU1J1TOK
Sprclallrliip tn
iiininAL incoSuj taxi:b
'cirmerly totlh Income Tax Unli
ilurcvju o Internal lle,trtm
R?.Kl?;i"' '""ATE TUUST IILDO.
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
'BOO IlKAI. KSTATr. TltDHT 111.1)0.
ivestlaata and adjust corporation nnd
raynn"urPna.CCUUntS "nJ t"e'",r 'me
FIRST MORTGAGE 5 BONDS;
Due July 1, 1951 .,
BEALED I'OrOSALS addressed to
undoratjmed at lt omoe. 183 Devoninlhj
Street, Iloston, Mass., and endorsed (on nv
side of envelope) "Proposals to sell HtW
ITnulnnd power Co. (i bonds" WILL BK
HECEIVED UNTIL TEN O'CLOCK A. llj
-MONDAY, JULY 18. 1021. for th. esl.',?
above-named bonda to the Trustee. :'iOT
Anaomi the sum of one hundiied
FOIXTY-TWO THOUSAND FIVE HUNDnED
THinTY-EIQHT DOLLAftS AND EIOIITT''
THREE CENTS $142,o3t.A3 OH A.VT
PAltT TlinnEOF, In accordance with lU,
morla-aire dated March 03, 1012, but letirrtl;
to In the bonds ns dated July 1, 1011, ul!
First Supp'emental irorleate thereto datJ,
April 27. 1010. i
Proposals will ha opened and sucretsfBl'
bids !m.lnr1 ll,. 1fi lot, . xr k.,y.t.whI '
ON ACCEITKD BONDS WILL CEASB
JULY 10. 1021. i 'l
The New England Trust Company
TRUSTEE;
JAMES n. ItOOPRR, PresUjnt.'
Hoston. JInss., July a, 1021.
.
i '
LOAN niLL J,
aeenrdnnrM wllh , rAtnlnilnrt n.tiU!
by the Council of the City of PhllauTwuai
on. Thursday. July 7. lliai. the follewlos'
In
.11. "oy. iuiy t. IU41, ice louowiss'
bill, entitled "An ordinance to uuthorlle Ut,
creation of nn cmerncy loan not edl5
one, million two hundred nnd fifty thauilMi
(1.2SO.U00) dollars for tho purchase Jul,
erection of plant, bulldlnus. Hroundi. au-t
cninery,. equipment and appurtenancti ftt
tresis, anq pei.
quired, for the cloanlu of a
collection and disposal ot ashes, rjitK.uI
nd,.arbaita for tha entlra city." Is fcinw:
vuoiiiiioa jor pudiio Information. i
WILLIAM II. FL'LTO.V. J
Clerk of council! Si
AN ORDINANCE
I '
To nuthorUs tho crea.lon of an emerftDaf.
loun not oxc'cdma- one million two hundrtti
and fifty thousand (1.2SO.0OO) dollsri (ti
the purchase nnd erection of plant, bull!'
Inss, (.-rounds, machinery, equipment tsl,
appurtonancee required for the clainuf,
of streets, and the collection and dlrnfm
vi asnes, ruDoisu ana (far Date tor ioi.w
tlf etty. t ,v
!ctlontll. The Council of the Cllr.tl
fhlladelph I a ordains. That an emeriiser
havinc arisen making necessary nddltlonu
approprlntlna; power, the City Treaiunf
urder the eupervlslon of the Coanlttee.sv
innance. be authorised to create an mU''
sency loan or loans, an the faith and crevl,
ot inn. city ot fill adelphla. In a sum mi
in ine aggregate one
create an effliW
hundred and flftv thousand (1. 280,000), W
ara for the mirchaee and erection ot plaal ;
buildings, grounds, macnlnery. equlpmeu.
exceeding
In a sum Mil
ne million iws;
(1. 280,01)0). Mi
ancea required for the cietniss
nd the collection and dlspoisl
blah and garbage for tbe satlnV
nnd appurtenances required for th
oi sireeis. ai
ot ashes, rub!
my.
Special Netleea
ui
!
a-m i(.-iitll ii. HiiiiiiANAN n HI PA Mr
Ksr rjpselul Notice to Htockholders t
Notice Is htroby given that, by a reiolo
tloti ot the Hoard of Directors ot the Ototn.
II. Buchanan Company, n special mntlnf
of the stockholders ot the raid company vliU
be held on Friday. Srpteinbrr 0, 1921, it.
)1:30 A. M.. at the principal olflca.al.IU
ecmpnny. -IIS Sahsnm striet. l'nllsdtlfo's.
to talta action on the approval, or dlisppte.
vel of and to vote for or naalnst tnt pre.
posed Increase of the capital stock of salt
torpcratlon from tis.i.OOO to 11'o.pOO.
CHAKLES L. KINSI.KT.
Secretary.
CAnnou. H. WILLIAJIS.
M.iUcltor.
IlllldfiiJ.
LITTLE MC'IIUYT.nlI.1. NAVItlATWU
KAILItOAI) AND CttAL COMTANI
33 Walnut Street
PAilladelphla, June 6. Ml.
A Dividend of One WpJlurJA"' "tri"?i?
has been declared, payabla Frldiu, Jnl II.
1021.
HU..I.. ...Ill t, n,nltar1
Transfer hooka to ho rlowd MondiJ. JWJ 1
20, 1011. ot 2 o'clock P. M. an d rtovtuff J
Monday. July 1. 1021. ,at 10 oV.ocK a.
4 'iremrr.
THE Ilt'NTIXflDON
... nun urror
1IK 1 I'.vrniimM .i'4'.'v.. 7".Vir ra.
MOUNTAIN IIAH.1IOAI) .M COAL CO.
au !. ""! " , ., m.t
juiy ii. ym'tu ,
Tho Hoard of Dlrectora h "this dsr J I
clrl dIMdend of 1 I'".,""' i"J 'X
aluire) on the Preferred slock of tn "J1, j
Pimy, payable on .nil .i.r August 1. l'j
business July 15, 1021. Chce,(1 r,
mails'?.
A. J fl.Mir.ET.
TrMmftr.
OENKKAL ASI'IIAIr 1M'1,'J,",.
Pn adeiphls. Ja., JUIV J. JJ"" ,
Preferred Mwh. ANkitS r
A dividend of IV lf ,",? '"nVB 1M
share) hna this day bee,, declared ugJLL,
SBfffltf. 58S?. TVlSf&
WZ&Stt i'. id3!f TrV15-.
not be caii. nm;( prenrr.
Tainivss nun Mnni'iip i -
I
ibniiii, .... ,...:.., :;rj'" ."i".vxs" i?
..'.V '. "., "S'nifl nivr.iF., 10,Ji:0,UU Jt i
llUbllo dauuslta ,lrr,u,l fRH nun. f. ' .'' I
sore Increased, 11,104,111)0! 6 iVc
curltles Inoreusid 112.110!!. (ton
tlon of the bank's reserve to liability I
per cent) last week It was lt.BO pei
Hate of discount, 0 per cent.
I notes ro
crnmi tit .
C. S. PAITON & COT
3D A ClllWTNlT HTS.
liANKERS
' ... Snecsora in
. m?M,tFA STKVKNSON
Ilonda and Htpcka hourtil ,S
eld
nge
Philadelphia, Pa,. July "Jistifl "
r?. Myjtiin
i ai a in-
held tooay,
President of ihe" IlonenclM M&fgg&
tlalV otl'lillartallihln. was el eid a
., ,Vi. innii m ucpeed Mr. A!Hf.u.S:JV
of tills bank to auepeeu Jir,
deceased
F-jf:1 riu
'A
PAItTyKIHIIP' '.
NOTICB IH ItEIIEltV t"VJj;;,T"ASt,W i
limited or rpeclil Pr"!ir".""..giiJ 1
Bainuel Ilowrll, general Vlr-ni Yt M
A 11.1ft. special P"'.lnn a Pa i
South Frohl St.. I Wr'"?!! UrmlnstM tM
the nam. nt Snmm FI ('f'"' Jf.rnJ "Vol M
July 14 1021, upon which date n -jj-JiU
dr,.oiv.d. Vwt Kui.ttynioi SflH
will U eohductfd by Hamul ll(Cg
obligation. IncurrefbhmlnjIliPil
SI
"
' "ts -...- ..
tfuJu . .JJ. v ". AliMkk" .'..ttt, 4
Kit .
t.
Vf v-
i A. ip4''tff, r'v.