v ,rl ' t ft ' r r- i i , EVENING 1PTJBM0 TEDGElt-iPHlLiELPHM, PRfD'At, JULY 22, ' 1921 if i ."' K Kw ll . IhHXT SEND FOR THIS BOOK of Graphic Charts IWNLESS you'vo made ' Up your mind you wish to tako advantage n'ftho present nevcr-to-como- L3f B(n opportunities In the STOCK MARKET. 'white the edition Intta coplc tolll 6o .iadlient upon receipf of too tn ilnmpj ttdtlmv est o moin-. Write for L-10. J. F. McGOVERN & CO. Member f rhlto. Bloek Kirhanse USD South renn, So., rtilla. ferae ' Rnt9 8m Order ttMottd In nil Market New Yorkt 8 Broadway i The Purchase of Gold for Investment would be non-productive be- cauae an income would not bt available and gold can never be worth more than itself On the other hand, well protected bonds of strong ' corporations payable in gold afford opportunities for the investor to benefit with any increase in the purchasing power of gold -as prices of commodities reach more i" normal levels. For a further discussion of , .this subject, and some in vestment recommendations, ' write for Letter E-SB. Hemphill, Noyes , Co. Memfcer New York Slock Eichtng Franklin Bk. Bldg., Philadelphia New York Doeton Sainton Buffalo Albany Syracuse Baltimore u I INVESTMENT BROKERS Ohio manufacturing concern of high standing desires a rep utable broker to handle attrac tive gold note issue. Address PRESIDENT 4 2340 Euclid Ave. Cleveland, Ohio Our Boohlet No. 7 P on GERMAN MARKS will prove of great value to inveitori in Foreign Exchange and Securitiei. Copy ant free on request. Apply Foretyn Dept t FarsoisSoii&Co. ' Members New York Stock Kxrhinae - IIS Broadway, New York (Kolb Bakery Pfd. T i Kockhlll Coal & Iron Pfd. jGen. Asphalt 8s, 1930 (American firm & Eli Ra 9(11 ( (('American Pow. & Lt. 6s, 2016 ' Mhlgh Power Securities 6, 1927 BAUER, STARR & CO. I -mil Title nullJJiiz. IMillUdrtiihla ii . NfwcVnJrV 2,R,tr street hurt 'i iyrt- TiUplomi let. Ofilces ChoateOil 8s, 1925 Hershey Chocolate 7y2s, 1930 Gov. of France 7'28. 1941 Lake Sup. Corp. First 5n. 1944 Metropolitan Edison 8s, 1935 Land Title Dldg., Phila., Pa. WemOcra I'hiluihlahUt hlo, h t:.m).nn. GE0.A.HUHN & SONS lt.i- OTOeiCrl ANI HONIIs Iw"..i i illie I'nll ntrli.tiliu New Cemciw ,Yo" t'tim Kvfl'Hiur aVi 'Vi0" Orders fJxecutod in Kf,"y Donds-jBouoht and 8old ftUftiic tuurt lllilc. lt8 IVulnut St. -- -.. ... iriiunwir. llnl Amln'i(lnr lintel " oregrn Exchange explained in .,1",',lVni! honklst 'Hl'Ialnlns iuhiJlV , lans n Imuonnnt men will find It o( c?at talue. s Bent Iree ujwn request for booklet WH.MtKenna&Co. 2 lJ St.. FHIadelpU.. P.. 'ciriinonei ixiciut 1TJS RAILS HARDENED L NEW YORK STOCK EXCHANGE TRANSACTIONS DUL MARKET Dealings Continued on Same Diminutive Scale and Wore Entirely Colorless Jsew York, July 22. The strength ening of the rails supplied about the only appreciable change In the way of novelty In today's stock market. Alto gether the market continued much' the snme listless 'anrl mcnnlnglesH artalr as experienced In the recent scssloris. The familiar week-end evening up of the professionals was largely responsible for the price betterment, ns the bulk of the? outstanding commitments were unques tionably on the short side. The passage of the new Tariff IJIU was without any particular cfTcct, as It was sensibly recognised that the bill hnd a rough and long rontl to travel in the Senate before It became a law with the possibility of the child not being recognlzsblo when It Issued from the upper chambor. The Indifference, how ever, was entirely In lino with the un responsiveness of the market to redis count reduction yesterday nml other favorable factors of the last few weeks. The cumulative influenco of these con structlvo developments was to check further nzircaslrenoxs on the tinrt of the reactionary party, even If It failed to Incite a wider and broader Inquiry of the bullish forces. Dealings continued on the enmo di minutive scnle, with the sales for the first hour again falling stonsldernbly under the 100,000-shnre market. In the succeeding hours the turnovor was even smaller, nnd( had It not been for the brief llarc-up In the rails In the second hour the trading would have been absolutely flat and colorless. Strengthening of tho rallH was un doubtedly the outcome of the under standing of the acceptance of the re funding plan by the rnllrond execu tives. .The details of the arrangement have not yet been made known, but It appears thnt moaiiures agreed upon at tho Washington conference with few modifications were acceptable. Tho next announcement will undoubtedly come from Washington In the nature of the manner in which tho plan will be put into operation. Iluylng of the rails Impelled short covering nil along the line, pnttictt early in tho Industrial specialties, the Improvement being hcLped nlong by the liberal supply of calllundH, with loans renewing into next week at CV4 per cent. The sluggishness of these rallies suggested a material reduction in the short interest, or else the shorts were in no particular huny to cut down out standing commitments. Increasing dullness accompanied the recovery and by mid-day tho list was virtually at a standstill. BROADER DEALINGS IN LOCAL STOCKS Market Thin in Spots, but the Prices,Were Generally Well Sustained There was a better distribution of the dealings iu today's local market than witnessed for some few days. There- Was nlso a moderate but nppreclnble increase in the volume of business. Price changes were ragged and conflicting but tarried no sig nificance except to accentuate the con tinued thinness of the market on both the buying and selling side. The Philadelphia Klcctric Issues featured the utility group with the com mon ndvancitiR to 21?s and the pre ferred to 2(1. Neither held the full gain. 1". (J. I. moved within narrow limits, reflecting the same waiting at titude until the Mayor announces his decision on the gas ordinance. Phila delphia Rapid Transit shaded slightly to 1H!h on small sales, but Union Trac tion was Vi better at 31 V4 . On the other hand, Philadelphia Traction fell J4 on few offerings. . Lehigh Navigation and Pennsylvania Itailnind were firm spots of the rail dlvNItui, The lin.t named mnlle a new top I'ikiU'c at (!" on (Oiitliiued small In vestment bijlni: IVnmi.Uvtinln moved up n ptv to ;!."' i and wu well bought with the dividend uncertainly virtu ally removed. Ichigh Valley, on a few sales, was iff a point. In the miscellaneous list, I.iiktj Su rcilor made a further dip, touching 7. Prill ran off C points from the previous aale at 5. Kl"ctrlc Htorage Battery mode an early g!n of Vj. hut failed to mnintatn It. Amirlcan Ons and Ameri can Stores were unchanged. Dlv. Sftl In ? .100 4 100 .. 1800 4 000 4 100 7 080 100 7 100 ,. 1000 .. '. 10 lt 800 .. i:o 4 200 ,. loo a 700 .. 00 100 t 2J0O 7 300 7 800 g 2100 9 0(l i 200 ij 3C00 7 200 .. 400 .. 2A00 o 100 S 300 . . S00 7 1100 . 100 .. 800 .. CSOO 7 3100 .. 300 4 1200 s 20(1 g .. loo a 3910 jo 1000 . . tob .. 3ioo e looo 230 1000 800 .. 3200 .. too a 100 7 4200 600 .. 100 M0 .. 200 8 200 ... 100 4 100 s 3 100 .. 100 7 400 200 .. 200 7 300 .. 2000 4 600 3, so 700 4 2ftft0 2 3100 000 7 100 0 200 10 400 200 J00 1 200 ... 1200 B 610 300 100 3100 8 I 100 B00 1000 8 1000 1 230 , . . 12011 7 21)0 4 400 400 4 200 100 100 1 430 7 2i)0 60 200 1300 7 400 20U 100 6 100 600 2D0 .. 1000 300 4 HlKh Low Air Reduction ....... 31 , at Alaska Clold Minos... Allied Chem &i Dye... 3SJ-4 98, Atlts-Chalmers S2 31 li Allls-Chnlmora pf .... 73 72 Am Agrlo Cliefn...... 3X 316 Am -ArtIc Chem Jjf. .. 60 60 Am Deet (Sugar 30 ft 30 ft Am Can , 37ft JJt Am Car A Fdy "ft 2ft Am Drug 8ya...i... W ?4 Am Ico 7ft 0 Am Internat Corp.... 13 w 33 Ji Am Loeomotlvo 8'W 83 Am Ship & Com ? 6H Am Smelt &nf 37 3Ji ,Am Steel Koundrles... 26 20 Am Sugnr rtef. 68W O0H AmSugorrtefpf 88ft 88ft Am Sumatra ."'48 47ft Am Tel A Tali". 104 U 104 ft Am Tobacco Ml K M0 ft Am Tobacco B Moft MOft Am Woolen '. 'Oft eft Am Writing raper Pf . 20 28 Annconda Copper .... 374 37ft Atch Top & Santa Fo. H4J' 83 Ateh TopftSPpf.... '8ft 78ft Atlanta Dlr & Atlantla 394 H Atlantic Coast Lino.. 80 88 Atlantic Fruit & Atl Qulf ft W I 8 8.. 31ft 90 Atl Oulf ft WI S S pf. M ft 134 Baldwin Locomotive.. 70W 70 Baltimore ft Ohio lift n8?J Baltimore 4 Ohio pf.. lift H Bethlehem Steel B.... 7 46ft nethlehem Steel 8 pf ISft 08ft Booth Fisheries ft aH Butte Copper & Zinc. . 4ft 4ft California racking; .. 87? UK Canadian Pacific 11' m Centrnl Leathejr 38 38 H. Ccrro de Paeco 20 20 Chandler Motors ...0 48?, Chesapeake ft Ohio... SO 84 Chicago ft at West. . . 7ft 7ft Chicago ft Qt West pr. 17ft 16ft Chicago Mil ft St P. . . 27 K 27 Chicago Mil ft St P pf . 42 404 Chicago Northwestern 64 ft 0ft Chi ft Northwest pf . . . 08 8 ChlRIftPac 13ft K Chile Copper 10ft 10H Chlno Copper 23ft 23ft Coca-Cola 30 2ft Colorado Fuel ft Iron. 20 36 Col ft Southern 38 37 Col ft So 1st pf 83 83 Colum Qaa & Blcc.... Ii ' 88 Col Oraphophone .... 44 4?4 Col Oraphophono pf . . 10 11 Continental Candy ... H Consolidated Dts Ins.. I 7 Con-ralldated Oas .... 86 86 Consolidated Textiles. 18 ft IS ft Corn Products Ref. .. . 07ft 67 Coaden ft Co 27 27ft Crucible Steel 4J4 54 Cuban Am Sugar.... lJa 14ft Cuban Cane Sugar. .. . 10ft ft Cuban Cano Suear pf. 27 23ft Delaware & Hudson... 07ft 07ft Del Lack & Western.. 180 14 HOft Denver ft Rio Orande Ji H Denver & Rio Or pf.. 2 3 Dome Mines 17?4 17W Klk Horn Coal 18ft 18ft Endlcott-Johnson .... 62 H ft tS nn "ft J3 Erlelstpf 10 l'2 JSrle 2d pf 13ft 13 Ji Famous Players L. .. . 47 454 Frcfport Texas 13 13 Genearl Asphalt 49 34 4lft Goneral niectrlo 121ft MOft General Motors 10?iv 10 ft Goodrich B F. 31 v 304 Great Northern pf.... WW Gt Nor Ore ctfs 27ft 2Jft Grene Cananea Cop... 1 10 Haskell ft Baiker Car. 80ft 80 Hendeo ctfs 14 ft 14 Houston OH 834 S3 Hupp Motor Car U 11 H Illinois Central 83 03 H Indlahoma Ref 2?a 2& Inspiration Con Cop.. 33 33ft Int Harvester now. ... 74 33ft Int Mer Marine UK 11 International Paper .. 3ft 63? Inter Paper pf stpd. . . 70ft 70 ft International Nickel.. 14 14 Inlnclb!o Oil Corp... lnj lo Island Oil 3 2ft Kansas City Southern 20 H 28 ft Kansas City So pf 40ft 40 1:110 Net Clues Chre. It M H ft 18 - ft 33 13 33ft- ft 60 - 134 30ft 3ft 37H ft Mft 1ft 434 .. 87ft 1ft 3ft 34 8334 ft 34 ft 37 ft 20 08 ft 88ft ft 48 34 104 ft J4 Mlft- ft MOft .. 70 ft 20 - 134 37ft 34 84 ft 1ft 7Hft .. 334 811 434- ft 3ft 34 1634- 34 7634 1 3036 ft 81ft ft 4634 .. 08ft ft 3ft - 34 4ft .. "34 . . 11334 IK 38 - ft 261 43?4 ft smi ft 7ft .. 17ft . . 2734 1ft 41J4 134 64ft 1 8 ft 33 ft ft 10ft .. 23 ft- ft 30 ft 20 - H 38 1ft S3 1 88 34 .. 10 34- ft 7-34 86 ft 18ft ft 67ft 1ft 27ft .. 84 ft ft 1834 1 10 ft ft 2034 17b 8Jft 34 100ft 3ft ft .. 2 34 1734 Hi 18ft ft C2ft- ft 13ft ft lft ft 13J4 34 46ft K 13 4134 M9ft ft 0ft . 3t 1ft 0ft I 27ft .. 10 S6ft 1ft! 14 .. 8334- 34' 1134- ft 03 34 234 ft 3334 ft 74 - yK 1134 ft 3ft I, 70ft 3 14 ft 10ft- ft 2ft ft 20ft ft 40ft lfti , Dlv. Sales In I , Hlch 800 4 Kelly-Sprlngfleld Tiro. 37ft 10 .. Keyatone.TAH lift 100 ,, Lackawanna Steel ... 37ft 300 .. Lake Erie ft West pf. 20ft 800 t.SOLahlgh Valloy 83K S00 13 Liggett ft Myers il63 100. v ,i Loewe Co ...,......; 10 3 1 LoftCahdy Oft 200 7 LouisvlIlB ft NaahvlllfllU 6200 ij Mexican Petroleum ..104ft 100 s Miami Copper ........ 2lft 2800 l.eo Mlddfo States Corp... 10i 700 .. Mldyale Steel 23 100 7 Minn St P ft H Ht Me. 00 300 .. Mo Kansas ft Texas.. 2ft MOO .. Missouri Faclfio ....1 20 1100 t. Missouri Pacific pf... 30ft 300 a Montana Power ..... . 47 300 .. National Acme ISft 100 7 Nat Cloak ft Suit pf . . 80 100 . . Nev Con Copper. . , . . . 10 34 600 s New York Central.... 70 1000 . . New York C of flt L. . 83ft 2800 ., New York N II ft H.. 18ft 300 1 New York Ont ft W. . 17 800 7 Norfolk ft Western... OS 100 8 North American 00 3100 7 Northern Paclflo 7434 100 . . Okla Prod ft Rof 2 lot 3 Orpheum Circuit .... 20ft 100 t Owens Bottling 38 ft 700 .. paclfloOll aaft 600 s Pon-Amer Petrol .... 4834 3800 z Pennsylvania R R.... 38ft 800 .. Penn' Seaboard Steel.. 9ft 3000 .. Pore Marquetto soft 200 .. Phillips Pot 10ft 400 ., rlerco-Arrow Motor . . 18ft 100 .. Plcrce-Arrow pf 37 Vt 800 . . Pieros Oil 8 100 8 Pleroo Oil pf &t 100 .. Pittsburgh ft W Va. . . 37ft 100 4 Pub Serv Corp of N J 08 800 8 Pullman soft 00 .. punta Alegre Sugar.. 28ft 800 4 Pure OH 34ft 100 ., Ray Con Copper 12ft 100 8 Railway steel Spring. 82 4600 4 Heading 00ft 200 2 Reading 1st pf 3834 100 .. Remington Typewriter 31 100 .. Ileplo Steel loft 1800 .. Bepub Iron ft Steel... 48 ? 30O 5.20 Royal Dutch NY 83 4100 .. St Louis San Fran... 28 1400 .. St Louis Southwest.. 20 600 .. St Louis Southwest pf 38 100 .. Saxon Motor aft 2100 , . Sears-Roebuck 60 100 .. Seneca Cop Corp 14 ft 100 .. Shattuck Arizona Corp Oft 100 .74 Shell Transport 37 JS 3800 .. Sinclair Olt ,. 30ft 10400 o Southern Pacific 78 800 .. Southern Rail 2034 100 . . Southern Rwy pf 46 300 8 Standard Oil of N J. . . 133 200 7 Stand Oil of N J pf . . 106ft 100 .. Stromberg Carb 31 11200 7 Studebaker 7834 100 1 Submarine Boat Corp. 44 200 .. Superior Oil Corp 4 100 . . Temtor Corn & F "A" 8 100 .. Tcnn Cop ft Chem.... 74 100 8 Texas Co 33 6 300 .. Texas & Pacific 33 800 1 Texas & Pnc c & O. . . 18ft 100 n Tobacco Products .... 80ft 300 7 Tobacco Products pf.. 84 100 ..Trans Con Oil 7 300 .. Union OH lJi 2800 10 Union Paclflo 12034 300 8 United Drug 83ft 500 8 United Fruit 104 H 300 3 United Retail Stores.. 84 ?i 900 ..US Food Products... 10 ft 100 .. U S Ind Alcohol 60ft 3300 s U S Rubber 81ft 18100 5 U S Steel 73ft 1200 7USStcelpf 10034 300 .. Utah Copper 4734 700 ..'Vanadium Corp 29ft 200 .. Vhnudou Ino 7 tun .. Wabash 754 COO .. Wabash pf A 2034 100 Weber ft Hellbroner.. 12 300 . . Western Maryland ... 10 290 .. Western Paclflo 24 800 4 Westlughouse E ft M. 43 ft 300 .. Wheeling & L E 834 1300 . . Wheeling & L E pf. . . 16ft 100 .. Whlto oil Corp 7tj 200 .. Wllly-Overland 7ft 300 .. Willys-Overland pf .. . 28ft 400 .. Wisconsin Central ... 26ft 100 0 Worthlngton Pump .. 42ft Low 30J a, 20 63 181 1034 34 114 103 ft lft 1034 2334 68 2ft It ft 38 ft 47 ISft 66 1034 70 ft 83 ft 1834 1734 94 ft 60 73 ft 3 20 ft 28ft 38 4834 36 0 10ft 16ft 17ft 37ft 794 S134 27 ft 68 06 28 2S34-' 12 ft 82 08tf 38ft 21 19ft "34 S3 2434 2434 34 ft 334 OS ft 14ft 6ft 37 34 20 ft 70ft 20ft 40 133 106 ft 31 77 ft 434 34 8 734 3334 23 ft 18 soft 83 734 1034 11034 8.7 ft 104 "ft 16 SOft so ?4 7234 109 4794 29 ft 7 734 2034 12 10 2834 43 8 1034 3i 7ft 78J4 25 42 ft 1:30 Nat Close ChsaJ 37ft Hi llft Hi 37ft .. 30 8334 188 7 1034 Mi 34 Ht 114 1W 104ft 134 31ft ..! 1034 3334 66 -3ft-20 30ft 47 -ISft 60 - 1094 7034 63 1834 1734 93 60 7434 2 20ft ft 48ft 88ft ft 20ft 37 ft 734 8134 27ft 68 -V0ft 21ft ' 28ft 12ft 83 6tft Mft 45ft 83 28 26 38 3i 66 14ft- 6J4- 3734 20ft 78 20ft 40 133 100ft 31 7734 434 434 8 - 74 3334- 2334 18ft 60ft 84 7 1934 12094 83 ft 104 ft S434 10 -60 ft i 51 7234 100 - 4734- 20ft 7 734 3034- 12 10 24 43ft 834 10ft 734 7ft f- 284- 25 - 42 ft - 34 ft' 1 1 t 1 V. X 1 V ft 34 "ft ft 34 ft ft ft 'in ft ft "ft 34 ft 1 34 1ft "ft 34 ft 34 ft ft ft ft 134 1ft 'ft ft ft 34 ft 1 ft ft CURB SHARES SHOW LACK OTSTRENGTH Some Sharp Losses Sustained. Oils Narrow Minos in Demand New York, July 22. The New Vork Curb market did not show any of the strength which was evident on the Stock Exchange. Instead, prices of many issues snowed n wavering ten dency, with gome issues sustaining sharp losses. This was especially the caso In Cities Servico common, which has been under pressure since Its rally from 101 to 120, and selling, which was on a larger scale than any day of the week, carried tho stock down from 115 to 112. There were a few transac tions in tho Bankers' Shares at 11 and 11 . Other oil stocks moved within a nnrrow range and did not materially change their trading position. Pro ducers nnd Refiners ruled at Its low price of 2a. Hynn OH was traded In at G and Slmms'Petroleum at 0, both practically unchanged. International Petroleum fulled to maintain its previous strength and yielded to 10. There was business in Anglo-American at lG'a and 10)4. Standard Oil of Indiana was again traded in at CO!. Mnracalbo showed life for a time, ranging from 20 to 20j. Industrial issues moved in about the snrao way. Glen Aldcn Coal first sell ing at HUM) and then dropping to 34. Intercontinental Rubber was fairly active, moving up to 7 and then react ing to 7. Acme Coal was traded In at 1 and 1 1-10. Car Light was steady. Mining stocks continued in good de mand, Boston nnd Montana being the feature in that section. 1M)U9TKLL3 ft ft 3.H 34 Commodity Markets Philadelphia Stocks lllKh . 74 Am Stts.. f7 12 do prof.. 01 211 Am (Ins.. 2S X Hiill .1 (5. HO 12 K'eeSlnr.lOaja 21 1 Co X A 2.S;!, 7." I.nke Sup 7'm 210 Lull Nn. (!." t Leh V11J. 22ii Pa R U. l.iw HI :iii ltw 2ft',... 7 or. .12 Nrt Uise. K 1:1ft J'jjil. "i7 4 2S . . :hi ,-i UK! . . 2S's 1 '. ;i.i-4-l M , ;u vt :i" ""nafc NEmF ur)nRB-:::: ."I ncnutKSON PhiT,'." York and ?;pWo Stock Exchunn il0 Chostnut St. P -Aaving , UJnfotir AUTOMOBILE INSURANCE W7 HCHANCE ,WrSU5MSiY'T qTMKT :!:.'. .1 I'll I la to cum uf.. 3H4 :it in.-, iMiiia rci.v 21 2.-.4 do pn-f.. 2(1'.' 200 I'hlln H T UU.. 22 PhllaTrnr .":!',. ."lOTiinn Mel 1 200 Tmin Mill 1ft i.-.s 1 11 Tine. niv. 220 v r, 1... .w; 2.1 M' S Steel 7.TK, 112 West .ler & S... 2S 2.s 21 .. f.'t rhnu.ru in-iln bv cm.piirluii 'irti I (int Hln m Niw Yorlt Htoik i:-elin n?i" riiii.i)i:i.i'iii,v iiom 1000 Liberty 2d 4Vts III 12 -i'Js 2(1 U. 10-& r:iK 1 :so'v, :i;h ;(:., k, 7.'! 7a4 :r, 2iia. . . 10,,-- .-:: I. i. I .. I ,'!, . . .ton; it :i:.v,. :;oo i.ihcrtj :id -n-is 1112s. 1.10 Libert:. ."Id 4is 1D2S 7."0 Libert) 1th -1 'I h mas.... 100 Liberty Ith I IV lims. . . . 100 Vletmy a,s 11(2.1 KlfH) Victory -I-Tin 102'1 100 Victor -11 h 1112:1 1O00 Victory lnis 1!l2:i 1000 Interstate Railway .... 11000 IVntisVlvanla 0'j lots r.OOPhlla Kleclst fis SHOO Heading general -Is S7.20 II1.2S 01.20 S7..10 87.24 08. fM 08.1(1 OS. 24 ok.: its :to iisoi S7 75 LIVESTOCK QUOTATIONS flile'fco. July 'll. I'VTTIi: - lln Mpl. HdUfl In ml, lleff ter. lei"l) tu trnn. Tuji venillnKH, f(i,78i litilli 1'irf Btri'rn, 17. UA is."ri, lui In, 10"' I So iilrliri, iillier rl.nifi'n nli-nibi liulh fat iilie htni Ic, H MfiO ,1, cull ntrr unil rnttrrs liirvi'ly J2..",Uti 3 (111; bull' iirn.lv jntiCi bulk wa' cUo, SIO a.'.li to "fl IIIXIA nrcelpte, 10.000 IicaiI (Ipenlni; llli l.'.o hlBhers uilvnnco I'nrtly loet Top. 811,15, liulk better k'rnrltn. HnuiWU.10; hulk imcklnr ow tn.SAfinjO: plfn Btronil hulk dolrnlJli', I10.no W 10.76. Hli;i:r Iteoelpta, 7(100 heart, flenorallr Klenilv; amnll lot eelecteil native lallltu to clllppcr", 410,23, I'nckur ton, eurly, $0.7(1; bct cuIIh, til: incrtluiii srrrx.l.. Mnntnnn Inmlm. 810; eiirlln. 7.tlli alx 'ara chnleo Ma ho IrihIih not mild erl: best llsht fat ewea, sn soi bulk. I3.B0W47J1 I'ltthhiirvli. July 23.-IIO08 neealnta IM'O ia llalit orker anil plae, IU.iC4Ml.no. RIIKKP AN1 1.AMHS1 Reeelnta. .Iilil liaail. Sleaily. Top aheep. 15.50: top lanrli. IU. t'AI I'-n H'COll'l" Top. 110. 80, 10(1 head lllvher . . iiMfc.. BAR 8ILVER rit..tin hue ttiivar wm unchAruced at tiOHe par. fine ounce In New York today! GRAIN MARKET Chicago, July 22. Wheat started M cent higher for July, Vi cent lower to 'i cent higher for September nnd Vi toV. cent, higher for December. Estimated receipts of G2Ti cars and cool weather over the belt Induced liquidation of some long. Hues nnd prices eased soon after the opening. Receipts inspected yes terday were .112 cuts; last year 3.1 cars. The ea-.li market was relatively btcudy to -i cent easier on led and hard. Tho seaboard bald 240,000 bushels hod been worked nbroad with indica tions of additional amounts. Weather reports showed no rains over tho grain belt except scattered showors Northwest. Deliveries on July contracts this morn ing. 75,000 bushels. Corn started unchanged for July and steady to cent hlghor for September and December. Trado was moderate and mixed, with selling led by a house with Xorthwestern connections, causing an easy trend early. Oats started unchanged for Septem ber and Js to cent higher for De cember. Trade was light nnd prlcis cased under scattered selling, expected over-night bujlug orders failing to np peer. COTTON MARKET Now York. July 22. Cnnbldeinlile ires-, was plnied this morning upon smaller sales at Liverpool, which not nnlv infected thnt market, but induced K'lllng in tho cotton market here and was p.utl) responsible for n decline of .1 to l.'l points In first prices. There was further hedgo Milling, pnitly off set by Liverpool and Wall Street buy ing, so that the market acted fairly stcadj after the opening, with prices about where they started. About twcntj-oiio nnticcb weie In circulation this morning. The receipts at the ports for the da tire estimated nt 15,000 bales, agalm-f 11,13 bales n jear ago nnd 4151! balfs tun M'dl.s I1KO;. Toil. ClOStt Jui : ';! October . J-.ss nfiniber ... 13 - NEW YORK COFFEE MARKET Now York. July 22.-The local cof fee futures market hnd another dull start today, opening 2 points higher to ,'i points lower, tho iclatlvo firmness being noted in the spot month. Trans actions on the call were confined to a couple of lots of December ut (1.07 and 0.0.1. Trading at inidtuu was virtually neg lected, except that December advanced 1 point, to (l.OS, on receipt of u sprcl'tl i aide lrcun Rio reporting n recovery there of 12." to 150 rels. The market was without special feature of any kind. I'erv. Cloio Opn September 'sIP2H fl.2sSa December 5'S?2,I, 2'Sl'"7 March 7,n4rnn eon Jlav T.2SW25 T 10W20 Mtl BANK CLEARINGS Hank ilearlnaa today compared with cor resrondlns day lnt two enrai ' 1021 lfl20 1010 PhlU. 11)3,(100,0(10 tS.1,072,417 10H. COO, (170 s; V alS.MIO.OIIII lll-,s.l'J,M)H hlll.U III.3TU Mo it on 45.(141,027 .1MII5.313 51,tH0,U0t imltlmoro 10,771,051 15,782,781 DIVIDENDS DECLARED J. O, nrlll Co.. quarterly 1 per cent on preferred, pajable Ausuat 1 to atock of rec ord July 23. . Central Truet and Bavins Co., quarterly of 2 ner pert payable Autuit 1 to atock of record July 28. LOCAL MINING STOCKS TONOPAH &TOCKS . Hid Asked Caah Hoy 04 .OU Jim Duller 07 .00 MacNnmara la 15 Crectnt 03 .07 Midnny 1(1 ,ia HUimh Kxt 05 ,07 Montunu or, .us North .Star 08 .05 Ileocue Eula is al Ton Km .. " Sna 78 .80 Weit Ton 10 .12 DIVIDE STOCKS Allied Dlv Ot 02 Alio Dlv (ij 11.1 Uelclier 01 .03 llelchr Hx 01 .1(3 Uen llur 01 UrouKli Dlv Oil 08 Divide Ext 27 .30 Dlv Con OJ .03 Dividend 02 04 Cast Dlv 1 01 ,OJ Harmlll 10 .12 Haabrouck Dlv 01 02 Illcti Dlv .01 Knox 10 .12 ltevert Dlv 02 03 Iteno Dlv 01 OJ Hoaeta 01 .(12 Slher Kins 01 .01 Sutherland 02 03 Ton Dlv 75 .78 Ton Haabrouck 02 .03 Victory Dlv 00' nl Verde Dlv 02 ,na Zone 10 .12 GOI.DFIELD STOCKS nooth 02 .03 Comb Frtu: 01 .02 Crackcrlack 04 .00 plamf Jl II 01 .02 Florenca 3. .34 CiiiMnild Con Oil .OS (Cold Dev 1 .02 .Ool.lfleld Deep 01 .Ol'i 'Oreat llend 01 .03 Jumbo Ext a ' Ktiuittmn 01 vi I.ono Star ('-' ."J Mru on1 1 It.d Hllla "IMi .i2 HIlMr Pick OB .11 Spearhead nl "- I MI8Cm.I-VNEOU8 .,,,,, 1.00 l 10 AinPtiii) n, n AiU United "7 m t'nleilonla n ? IMen 1 AS Emnm SlUer '- ". Kurekn Croe " Eureka Holly .'' ' Heela ?" i Mother I.0de - n " Nev Hill "i '0 SuueaB ': ... T..WH Mln "J ' While Cups " ! Wlllcrt nl j Financial Briefs 1 Open I' M I. 23 I.' -J 12 S3 12,7.1 18.21) 13 111 BANDITS SEIZE EVIDENCE "Brownie" Kennedy's Deposition In Tufts Case It 8tolen Ilntertilll, Mass., July 22. -(By A. l,)Tbc robbery in a road hold-up of n deposition obtained from "Brownie" Kennedy, former mistress of Mlshnwum Manor, for use by Attorney Ceneral Allen In the Supreme Court proceedings looking to the removal of District At tonic TuRn was reported to local police early todny. The report was mmlo by Thomas J. Holmes, an agent of the Attorney Gen eral, who said that he and George Kellcy, of Wakefield, were held up at gun point In Methuen. Kelloy said he thought he wounded one of the three men concerned. Mlshawum Manor was the name of n Woburn rondhoiife of which "Brownie" Kennedy was the head, in March, 1017. attended by Hiram Abrams, Adolph ukor. Jesse Lasky and others prominent In the jnotion picture world. Tho Attorney General alleges that District Attorney Tufts entered Into a conspiracy with certain attorneys and others by which, under threats of prosecution, $105,000 was extorted from tho mptlon-plcturo magnates. vv iiuTfta? vVr,l",.2'.th;? wr ! m- tetdav to n 11 "MSViT-.v."-'" . ic.r c"? rm- advance nnr:..-"i"Ll: i"'.S,V.,2"V railroad CI a.i Powrtcr Co flf. in , th9 ,?-000.000 Atlaa varMi.ir !;- flrtoen-ieRr 7, pel eont con-rau0XvWShi1n0.l"KO".tdaV.C?2. -w -.., v.si-nuuiii;eu, WhJTnC0!JlK'"".U0 of 2S,000.000 Canadian .Ved DhTr?eb.erf Vhi i'"sVYV000S road. CTW.eam0ot,,,,Cil"y'a".PvV"'PAnt KM ,2!LVV ,.,ofu ...w.., uvi M-4HE pui in enect. At th ii ..... ton PuId iSy'r"w,,?.I ' the Bromp- TbSWl.Zia'W. AlfL.?r.ildentl J? "Attholuh-th..7rnln,,of'Xe'm?.T" uoen RsriarsAtRB.. -."".: ? nnanclalnnTV,". An"....?L"".. Qlaturbeil vliahi t Vi--il.r"".ts".yiiraaKe n inaa- m;n,.K.."ri".,"n. reaouroea or tho tho" common ii',Vk'.V'DU"on ct aM' n.n.il. H.I., m. ... .. . ... .,. ,:-.,.."'.'''. " "' sto.ooo.nno flw VXl r ., ,uun aun nre Aucust 1. This In- 5fi. .?i5P' Pi'ancea In New Vork at the SI. ..it . """ '"?roiore may not have to ahlp sold to meet this maturity euHiiS..eih.l.i. r.e?" 'or th dullneaa In ao ?S ti?.llLt.ha ,ow Mraoni at this time hove tuny,pn4ul4yt.0wlth.'t'U "y n,hlnr f tani VawnVhnrfc dSC.'lni? ? I3'000 ln tho rl" Of 5,,7 ..S..?J?5.k. Vxcnse aeate was re- Will T'itn on,?,h, fmberhlps Wi'rJ, tranaferrfS ..if ;000, '" contraat to thn laet preceding- ... u. uuo a weeK nro at 582.000. nfrPr"tFl'kl c,a.T. "torea made net pronta ft .VJV4? f.rom " "! ' department e"rVhSSrV fllx "lontha of thle ear, aealnat ??.7;;2?n fr?,hI1,1 "I'Partment In the co" reepondlncr 1920 porlod. an lncroaae of about 10 per cent n.i f. iT.i XX". "'"'emeni or ma b'outhern Pacllli! Railroad for the month of June, nice Lk. """r "yrnoine ror mo aamimnnth. IiJi. I?lL.J";Provm'nt over tli? corre- "i" imiiini year, uroaa rcenue of the antem for June waa 33 044,227. an ln croaeo i,f 11,321.018 over lh a am. U laiit eir. Itallwnt operatlnir expeneea Ail i.S' ",'" lii.idu. an increaee ot $041,310. while tho not Income, after taxea. ?i"J:.1d, ".'JSC c.',Kr, wn ".180.7U. an ,uqc ii. tlUJiOIl T The nimual report of the St Lout South weatern Hallway feyetem for tho year ended ncftimbar 31 ehowa rorporute net Income, after taxe and ohanrea. of IJ.Bflo.fcao! ',uwuc.. a, tq,- iiuuivhik itir o ptr oent on the preferre4 etock. to 112.01 a ehnra earned on iiio tin. nan inn ,;.;..v3.2 "r "!2??!J .in.w 'Phi.' ..;r ""'7.'""'"." ..s-uramoj i,d" , jV ;;as "- .2V'.1 ""x ra."i common after ullowlne for preferred dividend requirement Corporate and Paderal com- Incotnn after taxea ami chargea of $2.423.. 43. na ronipnroi! with deficit of $0211 802 In the prcci'illnir jear It win nfflelsllr ronllrmmt In New York ieaterija) that tho neroilntlona foi ixtrndlnS a ire.llt of 40,000000 for the purpoae of tlnanclnu Brain ahlpment tn Qermnn had been concluded It la under.tood that tho nrruniicmcnt lnolvea acceptance cn-dlia for ninety daa ' Tnl.l .nn.lt. tn .1, Tl.1,.4 o,- . . avlnsa aytem on June 30 were approxl matoly 1183.000,000. "vnroxi Acme Coal Alum Mfc pref ... car i.ieiu Columbia Emerald Empire Food Olen Alden inter liubbor High . IK . 73 .. 1A .. 74 28 83JI 7U Locomobll 73 Perfection Tire Hart lo com Ilndlo Com pref eouinerrr u et l Sweet. Co U S I. A It U S flhtp Corp U S Steam United Proflt Sharlmr United Ret Candy . . . Wayne Coal Wltlya Corp Weil End Chem 84 Hi J24 20 44 1A a 00 05 I.OW -1 '1 T 14 25 BO 65 U.00 A. M. 1A 73 . 28K ai 74 73 82 1. IT 1J4 20 40 1. 50 05 V HTANDARD OILS Anelo-Amer Oil IBM 15U 15W Ohio Oil 240 240., 240 stand on or Ind iu no1 "' Stand Oil of N T 801 004 S04 1NDEPKNDENT ODLS Boone Oil 10 Ronton Wyoming- 03 Carlb Synd .tt Cltlea Service tolrt) 115 Cities Servlca "It" ctfs... llTi Cltlea Service pref 43 Cushlng I'et 10 Elk Baaln Pet 5S Enslneera Petrol 40 Fay Pet Jl OlenrocK OU $5 Hudson OU 20 Ir.t Petrol 11 Ltvlngaton 1"4 I.yona "p Maracalbo Oil 204 Merldan i Mexico Oil 7t National Oil N J 75 North Amer Oil Jtt Noble ......... IS Northweat Oil 15 Omar Oil 1 Producer & Reflnera 2 Ryan Cona 5 Salt Creek Con l"Jj Slmm Pet JS Slcelly Oil ,81 Texon n; Woodburn 03 nisisa Aloekn Ur Columbia 85 American Tin & Tune.... Arlxona Patagonia 5(1 Rlr Ledge -' lloaton & Montana 00 Caledonia Mining 0 Candelarla Minimi 34 Con Copper Mines 1H Cortex SlUer 70 El Salvador 25 Eureka Croeaua ; Qoldfleia Florence 35,, Hecla Mining J J Howe Sound 2t Jerome Verde ........... 17 Knox Divide 11 La Roee Mining 10 MacNamara 1JJ National Tin 0? Nevada Ophlr "' Ray Herouloa - Rex Cona ,, Silver Mlnea . . ,J Silver Hllla Niacin. .. . . 1 Tonopah Dlldu . . BONDS 16 03 si 43 10 5'i 39 05 i 10'i IU no 20H 13 70 75 lVi 18 1B.. IU 2t 5 10 05 VJ Aluminum 7s . Amer Tel 0s. 1022... Amer Tel 0. 1024. Anaconda 0 Anglo-Amer 7i .... Armour 7a ., Heaver Board 8a .... Beth Steel 7a. n35. Beth Steei 7s. 1023. Chi Un Sia 6W Can N.it Ry ea 7a . . . uona un on Coppor Export 8. Copper Export Se. Copper Expgrt 8a, dalenn 7a Goodrich 7. Orand Trunk OVia Oulf OU 7a Interboro 7a Llbby McNeill 7a . Morris & Co 7'ja Soars-Roebuck is. Southwest Bell 7a 07 'i . ns . 117 . S8W ,. nnI . onI . hdm, ,. 04S . osvi .104 .100 .loon .100IW in23..1O0'4 1025.. 101 it I1.H7 sovs 102: lf2 Stand Oil N Y 7 Stand OU N Y 6V Vi Swift 7a Texas Co 7a United Droit 8a . . . Vaouum Oil 7a , . Un lly Havana 7He Wlnchostar 7.ja , . . Swl 5'ia . .. 1020 . 03 l7 ai . US'-. . 05 i .ion; .lomt . 07 . no v .100 .1001 . 05 Vi . 03 . 85 ; 35 4 55 211 Ul II 31 IS -II 20 10 32 4H 2i 17 11 10 in I',.! so 23 0 l'i 17 77 07 H 08 S 07 SHU JHl'I P05 80 V, D4; OS 104 100 100 i IOU 100 101 03i sn'i OB'i 117 77 W 03 07 II SU 115 & 101", 100 0711 00 i 100 HWMi 05 Vi ll'l 85 II v, 04 1 mJ 18 03 1V4 111 1114 43 10 5, 40 it 05 20 11 1 no 20V4 13 70 75 is4 i 2t 6 10V4 0', 05 03 31 4 Ml 20 05 0 84 14 -n 28 50 03 . , 17 11 IB in 04 31 23 O Ui IS 77 P7S PS" n" 88 H 00 i soCf P4K P8Vi 104 100 100A 1004 3 H 80 V, 05i P7 77'4 OS 07. 101. 100M, P714 lid 100 100H 05 Vi 03 85U FOREIGN EXCHANGE MONEY-LENDING RATES NTT1V VtrlltKfn.v ..n t..i. .... of collateral, opened today at B4 per cent iui icituinii mm ivurmillfe iif tT.ikir lint 4 jiii - - s.assa . -1 1 1 . n per pent, time 0 per contj comnjerUitl paper. thu to U months, 11 jtrr cent. oio-inQEe nro nierolv nomliml .ptora- kiwis iiriu intu oj mie-resc m tne State ffi .. IT.?."!. tt"l"a. ,l?5e.".. P.. " cent .uq .....,u,. ,, , if.iiiiiiiiBHiun, emu luonei for thirty to ninety .lu , lo'nn,,! 7 ',. ?if .""I nt. whla commercial paper, f ro n thirty to ninety day. I loaned at 7 to ivi percent. '" .ONT(lNMonav I. mi.l.,1 .. flic ont. DIcount ratea, ahort bills. 4 ft ner remj three month bll'li, 4H per cent New Yorlc, July 22. In the fnee of liberal offerings, sterling, together with the principal continental ezchnnges, displayed a slight reactionary tendency In tho initial dealings today. Pesetas, however, were fractionally higher nnd in tho Scandinavian group Norwegian bills exhibited considerable firmness. The quotations follow: Sterling cables 8.58i. demand 3.58Mi J franc cables 7.75Vj, checks 7.74; Bolgian cables 7.B7Vj, checks 7.50'; Swiss cables 10.40. checks 10.43 ; lire cables 4.47, checks 4.40Vj ; peseta cables 12.05. cheeks 12.03 ; guilder cables 31-.4B, checks 31.40; Chrlstlania cables 12.00. cheeks 12.85 j Copenhagen cables 1C.20, checks 15.15; marks 1.31. The rnto of premium In Montreal to day on New York funds was 12 0-10 per cent. The rate of discount in New lork on Canadian funds was 11 H ner cent. Tho Central European exchanges: Greek, 5.58; Rumanian, 1.30; Bul garian, .88; Austrian, .13: Polish. (-:(: uzcoio-H ovale an. 1.30V, : .Tmrn. Slnvla, .03. YESTERDAY'S FINAL QUOTATIONS Sterling Franca Lire OulliW. Demand . . 3.58 7.73 4.47 81. as Cubic 3.0814 7.74 4.48 31.41 TODAY'S OPENING QUOTATIONS Sterling Franca Lire Guilders Demand 3.584 7.714 4.40V 31.41) Cable 8.58V. 7.75V -4.47 81.45 Improved Demand for Wool lloaton, July 22. The Commercial Bulletin tomorrow will ray: "The demaud for wool has Improved slightly during the week, partly, , It may be, In anticipation of th lUhiwoluht eeaaon. Trading haa been chiefly In the finer grades which are firm at recent quotation. A cood lightweight eee eon for the mill I generally predicted It U lielleved thnt the Senate will amend the wool tariff tchedule to make It mora oqult able " lllilsnd OllK'i: OF THE J. Ci. 111111.1 COMPANY A quarterly ilt!dnd of 114 per cent on the nulalandlni; preferred aloct. lias been il eland, payable August 1, 1021, to atock holders of record at tho cluao of hulna July 23. 1921. Transfer book, of th pre. ferred atock will olo July 28, 12 o'clock noon, and reopen August 1, CheoUe will bo matlKl, Tfl. P. RAWI-E. Trarurer, Pennsylvania r Municipal Bonds Exempt From State and Federal Taxation (Except Inheritance Taxes) No Certificate of Ownership It Reqrired We own and offer, subject to prior sale, limited amounts of tho following; bonds 1 U Security Rate Dae City of Philadelphia 4 1948-1949 City of Philadelphia 4 1940-1946 City of Johnstown 5 1926 School Improvement j City of PHUburgh 4 1931-1940 City of Pittsburgh 5 1941 Lawrence County Al2 1926 City of Philadelphia 3 1932 City of Philadelphia 5 1971 Cambria County 5 1924-1944 Borough of Dunmore 4 1928-1931. School District City of Pittsburgh 4 1924 PRICES AND CIRCULARS ON REQUEST Basis vo a aeor. " 5.00 5.00 5.00 5.00 5.00 5.10 5.15 5.20 to K tticf Mllt 5.50 Biddle & Henry 104 South Fifth Street The Information and atatlatle contained herein lime been obtained from source which w believe to be reliable. $250,000 City of New Castle, Pa. School District 5Vz Bonds Dated July 1, 1921 Due serially July 1, 1941 to 1950 Interest payable semi-annually. Coupon bonds regis- terable as to both principal and interest. Denomination $l,00O. Tax Free In Pennsylvania Exempt from Federal Income Tax Eligible as Security for Postal Savings Deposits The City of New Castle has an official assessed valuation of taxable property amounting to $57,124,330 and a net bonded debt of less than 2 of such valuation. New Castle is the county seat of Lawrence County and is one of the prominent industrial centers of Pennsylvania. Prices to yield about 5.25 Harris, Forbes & Co Pine Street, Corner William NEW YORK Widener Building. Philadelphia rJ Tin W a. --AMi'ff?5!'7sLj7rrr?T---PXEr"znll fMSm mm m . 1 1 'T'HIS bank is recognized as a pioneer in credit facilities. The services of experts in credit analysis are ever available to customers. Central National Bank of Philadelphia Chestnut Street at Fifth Capital $i,ooo,oco Surplw and Undivided Proiu Eamtd $4,400,000 " ' ' ' . ' '"'r . !. LEHIGH & NEW ENGLAND 5s, 1954 MORLEY, WOOD & CO. 333 Chestnut Street Members N. Y. A rbtla. Stock Rich's. WANTED $100,000.00 or $150,000.00 on first mortgage on Industrial plant valued at more than $500,000.00 A 704, LEDGER OFFICE Mlrhlcnn Itallrom! Company 8 jr,,..fl' 1011 . u.ii.iiuv.n i.niinHjr VDinpan fanner ft Ilurrouch Companj B'a 1BR n'a HKia 1'a 10'iS Alnrrlcan Una ('nniiinnv yirglnla Ralln nr t'onipnny lCiulii. fl'a Serial i.m. . ..uit ..7. rvquip. u a nenai w. Okla, St (lulMt. k.,,. "., 'ttiiarf I'hoclaw 103 Samuel K. Phillips & Co. ..j.iu.j. rniiinnnni nincn Kaeuanc 60?HEtNUT STKKKT Metropolitan Edison 5s, 1935 Portland Uwy., Lt. & Pr. 5a, 1912 i'hlla. & Western Rwy. 5a, 1960 HENRY 0. BOENNINfi, CO. rS.l an""" I'VA j rt Jl n ,i..x t ;. 1. , 1S , MnfmJ'iui''l?.-'4 . -lVV'i ?-" tte.! Jltji'fF!, "Uf--HWy tf.V.
Significant historical Pennsylvania newspapers