MM.'ru;;;.; .v1
fS ir t' n ?', -
, k"'.
& !
w
r
L1"
iV.
f,T
ft
1-
'Id
1
I
IT.
?
fe
If."
II. , ew '" . .'
v . .. r
4
I
Spruce 8200
BOUGIIT SOLD QUOTED
U. S. Treasury
3-year Ngtes
4-70
Due June 15th, 192 1
SECURITIES tlErAIlTME.NT
commercial trust
Company
Member Fdr.l ntserve Pjratem
City Hall Squnre Weit
3.
msss&ktt
mmmtidtmm
umUc?Ay r twmmffltfiiiiiiimm.Bir.l
- Jinniiiwimtm"i''i"""rf
- 1 1 i- i ji i-i lit-
PBIfl
J if s
i I
"Invest h
as You Save" I
Our booklet of this name I
tells a way for the accumu- g
lation of a fortune in the
purchase of bonds by par-
tial payments.
Wc will mail it to you on E
request.
BATTLES & CO. fl
Ftlabllihrd lS9o U
Independence (Square (F.nsti B
nniinminnniniPiiotiiiiiinRTmiiiifuiaHUinnimrauiiimD man nmtuniHnmmHKnr
:m
SMALL INVESTMENTS
Mam- men with small cap
ita' fin to realize the oppor
tunities that the present bond
market affords them full to
appreciate that It Is possible
todav to purchase the sound
put nlTrlnm In small unit"
We aluavs are readv to as
sist the small Investor
WlDENIR BlDC. PHILADELPHIA
. MmimPiilmUMtwn
HnoYat Stock xtki
NFW YOtK tUZUCTH. N J.
W J iawV I I k I IMS
GRAIN AND STOCKS
Facts and figures relat
ing to securities or grain
cheerfully supplied. We
specialize in
Odd Lots
Boureau & Evans
lumbers "'' V",U ,K'bnT
l Chlraco Ilonrc of Trad
130 South 15th Street
Philadelphia
Lacuit r.i$:
Rare mi
ii g iT
i
Boles s-Westwood
Member's Phila 5iock. Exchan.de
INVESTMENT
SECURITIES
LaniTitle Bitty, Philadelphia
PHONE LOCUST 4721
WEEK STARTS WITH
CHEERFUL MARKET
Recovery Movement Was Con1
tinuod in the Active In
dustrial Shares
New York, July 2T. It wns the most
cheerful Monday morning opening In
the stock mnrket tlint Wall street hn
experienced In ninny moons. Satur
day's recovery movement wns resumed
with a fair amount of vigor and fur
tlieir substantial rallies were registered,
hclng especially striking among the In
dustrial specialties. Tills was accom
plished without the aid of any particu
larly invigorating news of developments
over the week end. It was just because
there was n change of heart 'on the
part of those responsible for the current
operations and oh more felt the market
should go up than cjitertnlnlng a con
trary opinion, the effort to lift prices
did not meet any material opposition,
although before mid-day the list showed
evidence of weariness and there wni
some pront-mnking which took much
f the otlo off the forward -swing.
Lack of stimiilntinc npu-n tvim rnnro
than mode up by the liberal distribu
tion of optimistic expressions in the
weekly reviews and bullish prognostica
tions as to the immediate performance
of a number of Individual stocks. In
other words, personality cut a big fig
uie in shaping the course of things dur
ing the best pnrt of the morning. It
not altogether a straight putli ox
while sonic of the steel, equipment and
rubber shares made irregular extension
recent lenders iu the oils and railroad
shares were conspicuously backward.
Smile of the pep was token out of
the rail movement because some got
rhe idea Into their heads that the
forthcoming messago of the President
on the transportation problem might
not be such n big bull card after nil.
llefides pointing out the necessity for
providing funds to carry out the re
funding plan as tentatively agreed
upon, it wns intimated the President
muy also suggest tho necessity of rate
reductions for bringing a revival of
business activity. The group, how
ever, held up well.
Virtually the entire list wus firm at
the outset. American I.ocomovtive,
Unldwin Locomotive, Crucible and
United States Steels, I'tnh Copper,
General Asphalt, Sumatra Tobacco,
I'nited States Rubber and Kelly Spring
field Tire were active nt gains running
from large fractions to almost two
points. Hoynl Dutch lost 1 point and
Mexican Petroleum eased slightly with
Cuba Cane Sugar. Steels and equip
ments made irregular extensions to early
gains, but fell back on the increased
heaviness of oils and the sluggish move
ment of rails. Some of last week's bull
ish activity was noted in specialties
of the food devision. particularly sugars,
Corn Products. Coca Cola and United
Fruit. Miscellaneous specialties were
inclined to react, especially chemicals
and textiles, but motor accessories in
cluding rubber tire issues held tirm.
LOCAL LIST STEADY
AS TRADE REOPENS
Dealings Limited to Small Lots.
Pennsylvania Railroad
Gains Fractionally
Stocks held Meady on the resumption
of trading on the local mnrkot this
morning. Dealings were not large in
! any issue, most of the sales being in
small lots of those stocks which have
been favorites for several weeks past.
Philadelphia Electric preferred was tbe
i fenture of the early ssesion and sacri-
I ficed H on a turnover of some
I lf0 shares in the first twentv minutes
I of trade. No sales uf the common stock
I were made in that time.
! Transactions in the rail group were
mixed. A hundred shares of Lehigh
1 Valley changed hands at 32 a. un
changed, and small blocks of Pennsyl
vania were taken at 3,"ia4 and 35&i. at
the higher price representing a gain
of
I'nited (5ns Improvement miM .iff V4
to 'W-,t Penn Centrnl Light preferred
was token at -IH. up '. . American
Stores making a similar gain at Ii"1
Botids were entirely neglected in the
early session.
Philadelphia Stocks
WE SPECIALIZE
In
ODD LOTS
Foreian Exchange
Bought and Sold
MILTON HE.M6T0
STOCKS'FORCIGNEXCnASGE BONDS
MIHBria '
PhUAPSlPhiA STOCK CXCHANC-B-.
eOMiOllOATEDiTOCKtCHANGl.fVt
1622 Chestnut Street
Phone llrll. Slirme hOtl-'.'-J-t
Ivei'tnne. K ire IV)
It Ilroadn-i- A 489 .If Ii Ate.. V V
fstnmfnril. Conn snrln-illrld, Mm,
llolrokr Ma-s
3 Am Sirs.
."OtCubnn C
Sugar. .
11 I Co N A
100 l,oke Sup
10(1 l,e, Vol .
L'tmtMld Sra
nil ...
1." Pa Cent' I
Light pf A'.i
P.Tii Pa it U ."..-.
in Phila Co
urn pf.
40 Phila Elee
1 00 do pref
.".o PhilaTrne
UOfSttidebkr
i;!0 U (', I
.-.( Wet Jer
,c S . .
Hlxh
.".74
57 'i
1 M Net
I" M chKe
57 -!- U
HH
!s 2
1(1
:m,
JOT,
.vt'...
's.
U'4
N
52
Hi,
71..-
r.2"
--' - '-
J.1VV''
NEW YORK STOCK EXCHANGE mAPJsActlONS
Dlv.
tiv In I
101 4
300
200
100
100
100
200
300
200
200
200
.tow
JI00
300
IO0
1400
100
soo
200
6100
1200
3i00
3100
400
100
6400
C00
200
4100
200
300
100
200
1A200
1700
2000
100
100
400
300
200
21)0
100
2J00
1000
.100
3000
1200
100
on
3.100
400
3100
100
too
S10
4.100
300
300
SOO
100
.110
400
100
000
100
12
10
n
llla-h
Air Reduction at
AJax Rubber 23
Alaska Gold Mines... tH
Allls. Chalmers 31 H
Allied Chem & I?yo pf, 884
Am Agrio nhem 3d
Am Heet Sugar JJI14
Am Can 27 y2
Am Car & Fdy 127 y,
Am Chicle tnii
Am Hide & Leather pf 2
87 4
3tt
2J&
0
8.1
K
Am Ice .
m Internnt Corp.
Am Llnseod
Am-Ln. France Khr
Am Locomothc . .
Am Safetv nnmr
Am Shlp& com 7V4
m nmeu not 37
Am Sugar nof 70H
Am Sugar Ref pf hoy.
Am Sumatrn 80W
Am Tel A Tel 04i
Am Tobacco 1327,1
Am Tobacco II 131 !4
Am Woolen 73?,
Anaconda Copper .... 38 K
Asso Dry Goods 30 H
Atl Qulf & W I 8 S . . 22T,
Atl Gulf & W I 3 g pf t0",
Atch Top A Santa Fe. 844
Atch Top & S V pf . . . . 77 J4
Atlnntlo I'et 14
Rnldwln locomotive. , 80
Baltimore & Ohio .19
Hcthleliem Steel 13. . . . 40 J
nethlchem Steel 8 pf 90
Hooth Fisheries , . ... 4
Brklyn Union Ons 6
Brklyn Hopld Transit. 11
Butterlck 2j?j
California Petroleum. 3314
Caso J I 44
Canadian Pnclflo 1I3K
Centrnl Leather 3(14
Central leather pf . . . 71 ii
Chandler Motors 4 9 J,
Chesnpeake A Ohio... Btt
Chicago & (It Wont.. 7J'a
Chicago Mil A St P. . . 37H
Chicago Mil A St P pf 43(4
Chlcngo & Xorthweat. B4t4
CHI Tl I A Pac
Clll n I A Pac G" pf.
Chi R I A Pnc 7 pf.
Chllo Copper
Coca-Cola . . .
Colorado A Southern.
Colum Gas A Kleo
Col Grnphophono . . .
Consolidated Gas
Consolidated Cigar
Consolidated Textiles
Continental CnnrU-
Corn Products P.pf
1100 t.jn
22011
.1.100
3100
1100
inn
100
00
400
100
1.100
900
200
100
7400
(inn
9000
700
60l(
290
200
1300
000
100
600
ono
100
700
nnn
nnn
ino
600
100
1400
300
nn
too
1 001)
5600
100
Uilll
100
(300
7 Corn Products Ref pf . ino
33 y,
041,
7H
10 K
33
371,
&si
Vt
87
28
lilt,
07
H
1
7
7
4
1
4
1
60
-"Hupn -o Ji'a
Crucible Steel . . .10
Cuban Am Sugar 174
Cubn Cane SiiRar . 11 J4
Cuba Cone Sugar pf. 30H
Delaware A Hudson.. 100
Del ITck A Western .190
Denver A Rio Grande. 1
Denver Rio Gr pf.... 2H
Dome Mines I7H
Rndlcott-Johnson . . . 02H
Krle 13 J,
Krle 1st pf 20
nrle 2d pf 14'
Famous Plnyers L. . . 40 H
Flsk Rubber 12H
General Asphalt .11 '4
Genera Electric . . . 123
General Motors ... . 1?4
Gen Motors deb 7 .. . 7.T-4
Goodrich U F . . . .12
Great Northern pf ... 70",
Gt Nor Ore ctfn 37
Guontanamo Sugar 8j
Haskell A Barker Car. .17"
Houston Oil 84 J's
Hupp Motor Car 1194
lndlahomn. Ref IV
Interb Con Corp 34
Int Hnrvcster now .... 7.14
Int Mer Marine 11
Int Mer Marine pf ... 46 4
International Nickel. 14'j
International Paper . . 34J4
Invincible Oil Corp... i0i
Island Oil 3
lew el Tea 0 J4
ICansas Cltv Southern 36
Kelly-Springfield Tin-. 41H
Kelly-SpR Tire 8 pf. 77'
Kn stone TAR. . . 13 H
I.ickawanna Steel ... 3714
Lake Erie A West pf. . 214
1:80 Net
Low Close Chte.
31 31
23 23 V
'i 14 V
li4 ,3114 Yi
88ya 884 ..
3(1 30
31 14 3H 14
27H 27ft-1- ?i
125 J, 12 Ji- Ji
114 1J4 'A
S2?4 52H 1J4
57 57
34 31 4- t4
25' 2Sft V
0 0 . .
84 Y 8.1 1J4
IU 4y ..
0M 7J4 H
37 37
68J4 68H - 14
88J4 8OJ4 M
49 49J4 IHj
104 ft 10434 J4I
122 ft 132 J4 I
121ft 12ft f- t I
71 ft 72 L t
.18 .1814 ft
soji .in?i :- y,
21ft 22ft- 14!
18ft 18fti- ?
81H SH 14
77J4 77J4 H
14 14 .
78ft 80 2'
SOft 30 ft ft
4Sft 48ft- ft
00 ,5 00 14 I
4 4 ft ,
6.1M 0W 3ft
11 11 ft
23J4 23J4- 1 I
33ft 3.1ft ..
IM 4?i. ft
112ft 112J4- ft
3.1ft 36H H
71 71ft 1
411 ft 49ft- ft
.1.1 H 5 Ji- !s
7's 7J4 ft
27 ft 27 Va
43ft 43ft ft
01 ft 01 ft r 14
33 33 - ?8
04 ft 04 ft ;
7M 7CK ft
10ft 1014 H
3n4 31 ft Ji
3714 3714- ft I
5.1ft 55 ft 4- H
44 414 .. I
87 87 ft
27 4 2S 4
lfl'4 I5S H
4 f- V 1
66 8 66H .
loo inn
27'c 2s x ft
5.1ft 5.1ft V V
104 I614 - 4
104 1014- a4
28 2SH- 154
inn inn 4- I
ton ino - t
1 1 1- ft
Ui 2ft '- ft
174 17S- '-k
nf4 62 Ji
13H I1- ft
19J4 30 ;r. 1
14ft lift
484 40 4
13ft 124 ) H
50 5014-4- 'i
133 H 132ft 4- ft
inft m4
73 ft 73 ft 4- ft
7n 70 I
37 ft .37M ft
8H 8 ft'
50ft 50ft - ft 1
54 54 ft ft
11H 11H
2ft 7ft . ;
3ft 3 .
75 75 ft ft,
11 II - 34
40ft 46ft 4. ft
14ft 14ft H
53 ft 534- M
10ft 10ft ft.
3J4 2Ji .. I
04 t 014 .
25 Ji 2.1 Ji- 1,
394 41ft 1- I ft
77 ft 77 ft ft
12ft 12ft H
37ft 37ft ..
314 314 4- 1'4,
Dlv.
RMes In $ High
10 t Lee Rubber Tire 28 ft
1000 8. no Lehigh Valley ., 52
100 it Liggett A Myers 151
100 12 Liggett A Myers B,... 17
00 .. ixiewo Co lift
100 7 Louisville A Nashville 1134
100 7 Manhnttnn Elov guar, 434
100 .. Markot St Rwy pr pf. 30ft
100 .. Marland Oil , 14ft
.100 .. Maxwell Class JJ 10
H0n 12 Mexican Petroleum ..100ft
400 2 Miami Copper 21ft
1100 1.00 Mlddlo States Corp... 11
100 .. Minn A St Louis 12ft
"00 .. Missouri rnclflo 21 ft
100 .. Missouri Pacific pf. .. 41ft
100 .. National Acme 15ft
100 7 National Hlscult 115
200 6 Nat Knamcl A Stamp. 40ft
300 4 National Lend 70
1100 5 New York Central. .. 714
.100 .. New York C A St L . 63 ft
fl N Y C7l Ht T. 2,1 nf (In
-l -. . - " -- "
31
184
18
06 ft
744
Ui
04
534
35 ft
494
43 ft
354
Oft
t4
500 t.oo'.Vew York Dtock.". .
100
100
loo
100
100
too
100
500
600
100
2000
1000
500
300
100
100
3C0
1800
too
200
100
150
100
1000
500
.00
300
.1100
1300
Now York N II A II. .
1 New York Ont A W. . .
7 Norfolk A Western . . .
7 Northern Pacific
. Okln. Prod A Ref
8 Otis Elevator
5 Paclflo Ons A Elco. . . .
. Paclflo Oil
6 Pan-Amer Petrol
8 Pnn-Amer B
2 Pennsylvania R R. . . .
, . Penn Senboard Steel.
. Peoples Gits Chlcaeo..
. Pere Mnrquetto 21
. Pere Marquette pf . . . , 38
S Philadelphia Co .10
. Phillips Pet 17 ft
. Tlerce-Arrow Motor.. 184
. Plerco-Arrow Mot pf. 38
. . Pierce Oil 8
. . Pittsburgh A W Va. . 2S
7 P Ft W A Chi pf . . . 130ft
8 Pullman 07
Punta Alcgre Sugar.. 314
4 Pur0 Oil 354
8 Railway Steel Spring. 83ft
Ray Con Copper 12ft
4 Reading 70ft
. Renuhllo Iron Steel 4BT4
3100 0.20 Royal Dutch NY 51
300 . . st Louis San Frnn 25
100 .. St Louis Southwest... 37ft
100 ..Rt Louis Southwest pf 3.1ft
200 .. Seaboard Air Lino... 5Ji
1700 .. Senrs-Roebuck 07 Ji
100 .. Seneca Cop Corp 15
3100 .. Sinclair Oil 204
lOO . . Slops-Sheffield 35
4400 o Southern Pnclllo 7.sft
700 . . Southern Rail 21
100 .. Southern Ralls pf ...46
600 . Standard Oil of CilI.. 74 Li
100 7 Stand Oil of N J pf . . . 107ft
101) 1 Stewnrt Warner Speed 3,1ft
'' . stromoerg earn ....
10701) : Studebaker
700 1 Submarine Boat Corp
500 .. Superior Oil Corp...
3700 3 Texas Co
201) . . Texas A Paclftc ....
200 1 Texas A Pac C A O.
200 . . Third Avenue
3000 fl Tobacco Products . . .
100 . Trans Con Oil 7i
200 4 Transuo Wm Steel 33
200 Union Oil 194
001) 10 Union Pnciflc 12n4
200 4 Union Pacific pf 01
100 k United Drug 83 ft
101) fl United Fruit 100
200') 8 United Retail Stores.. 55ft
10(1 .. I'nited Rwy Invest. ..- 8J
5()n .. U S C I P A: F.ly 15
3011 .. V S Food Products... 104
000 .. U S Ind Alcohol 52 Ji
5500 .. V H Rubber 5.1 Ji
100 BUS Rubber 1st pf.... 05
10200 fi U S Steel 7314
100 7 U S Steel pf 109ft
60O .. I'tnh Copper 494
200 .. Vanadium Corp 29ft
100 .. Va-(.nr Chemical pf . . 74 Ji
200 . Vlvnudou Ino 7
100 . . Wnbash n
tOO . . Wabash pf A 33ft
100 .. Western .Mnr kind ... lo4
300 . West Maryland Jd pf 104
800 .. WeBtern Pacific 25
100 7 Western Union Tel... 85
100 4 Westlnghousc 1: A M . 44 ft
300 . . Wheeling A L E 9
100 .. Whcellgn A LE pf . . . 17
400 .. Wlllys-Overhind 7ft
600 . . Wisconsin Central ... 3!)
100 8 Woolworth F W 112
.13 1
70 ft
5ft
4ft
31
23 ft
18Ji
15
58
Ei-UHIdenil.
Ikiw
28
82 H
153
14) .
10;
113H
434
30 ft
14ft
10
103ft
21ft
104
12ft
21
41
18ft
118
46ft
76
71ft
53 ft
60
30
184
18,
6ft
714
U4
04
134
35
40H
43 ft
35 ft
40ft
51ft
30 H
38
30
17 ft
"H
38
1
28
nnft
noji
30Ji
25 ft
83 ft
12ft
no ft
46 ft
51
24 Ji
27
,1.1ft
&
07
1.1
20
.15
77ft
204
40
74
107ft
26ft
32
78
5ft
4ft
134
23
184
15
I 56 ft
74
33
10 ft
1104
64
83 ft
106
54
8J4
HJi
164
Wft
63
9.1
73 ft
109ft
40
29
74 Ji
7
8
32 ft
108
10 ft
24
86
44 ft
9
17
2S
113
Not
Chsn.
1:30
Close
38
3ft Ji
163 - 2
147 3
1114 Vi
113H 14
434 1
30ft ..
14 ft ft
10 1
104 - 1ft
2114 14
11
12ft ..
21
41 -
18 ft
118 1
40ft4- 114 1
70 4
lft ..
63 ft ft
no
31 ft
18K
18
14
IN BETTER DEMAND
Little Change in Trading Posi-
tion of Any Issue.
Oils Firm
New Yorlc, July lit?. The New York
Curb Exchange market was without
special feature in today's trading,
prices generally moving within n nar
rqyv range and there being no material
chnnge In trading positions of any is
sues. Tho petroleum group showed a firm
tone. Cities Service common ranged
from U8M1 to 117, showing nn Im
provement over its last weck' price.
Mttracatbo wns strbn gfor a time at
HI 74, but reacted to JlU, and Interna
06ft lS4tlonaI cPtrolcum ranged from 11 to
744 ft ill's. The demand in both these stocks
! . ' wus apparently for lusldo nccotint, thu
IiuT ii buying being in the nature of. support,
".J? I J Slmiiis Petroleum sold at (l!)i and -7s
"? .'? nnil there vnn n firm tone In VMi Hnsln
494-
43 ft -
354 4
Oft
1
-30
4
17ft I-I7H-38
1
28 -
120ft 34
07
3iy, 1
35ft 4
83 ft 4- 4
12ft
00ft- ft
46ft r ft
81ft- 1ft
25 - ft
27 r ft
35 ft ft
64 !4
67 ft ft
15
20
36 4- -"s
77Ji-
204-
40
74
107ft
36 ft
33
70
5ft
33 -18J4
15
68
-
33 -
1096 r
ito4-
64 r
83 ft r
106
55
8Ji
J4Ji
1014 4
62 ft
3 ft 4-
15 14
73 ft ( ft
100 ft f
40 3!)
74 Ji
7
8
32ft -1014
I0ft -3.1
85
44 ft-
9
17 r
7ft
29 4 ft
113 4 1
14
ft
4
14
24
ft
14
?
ft
4
ft
"14
13
"4
ft
1ft
14
14
1
4
ft
114
ft
and there was a firm tone In Elk Ilnsln
at 0. Anglu-Aniericau Oil was steady
at 1(1.
Several of the industrial issues were
In better demand and mndc small gains.
(Joodyear Tire sold at l-l'i and n mod
erate amount of business Was done In
Durnnt Motors nt 20. Glen Aldcn Coal
was traded in on n fairly large senlu
nt .'11 to St and t'nrrcl Coal ranged
from IHH to 11. Acme Coal sold nt
1 1-10.
Sweets Co. wns unchanged nt ty,
and United llctail wns trnded in nt
OU ntid (IVii. A sale of Union Carbide
wns mndc at -13 ',4
There wns considerable activity in
the mining section, lloston and Mon
tnnu continued its upward movement
with henvy trading at 07 to 70 cents.
Florence Goldlield was nctivo also.
INDl'STUIALS
. "'sh
Acmn Coal ij.
far I.lBht .; 2
Carlisle Tiro 4
Uurant Motors so
Hniplrn food "uri
fnrrell Coal 13 u
men Allien 3j.
(oollcar 'J'lfe 14 11
I.mv
1,V
JA
2! I
1!S
12W
34
"Ii
Urnnt .Motor it 7J
Heulen fheni 1 ' it.
Holly .sinrar pref 4,-, A "
I.lbby McNeil
iicomcrtiu-
Mercer Motorx
N Y Transportation .
Perfection Tire
Itrdlo Com
Sttcets Co
I V a Ship Corp
I S .Steam
fnllril Profit Sharing;
, United Retail Candy .
I t iilun C.irtiljB
Wnynu Conl
1
ft
vi
'A
ft
2 94
b'i h",
75 7
2'4 24
2S 25
84 so
li li
24 S4
21 22
3N OS
If. 1 A
43 V 43 Vi
1 l.
STANDAKD OILS
Anclo-Amer IOI in m
Ohio Oil 240 240
Stand Oil of Indiana ... 6nV4 iii.
Stand Oil of N Y 30.1 804
im)kii:nihnt oils
ll:u
A.M.
1A
1A
4
2U
2HS
12',
.14
14U
'
82
21
3S
n
10
210
nnft
805
H
ft
Commodity Markets
10TS KIT
43
3.V-,
31L.
-Mth
20 ai
r.31'.
70' i
33 a;
L'S-'i,
13 4- IJ
.;r,.4 4. is
31 a;
21 tn . .
20 V '
.Vlii l
71U.4- ij
33.1, i;
2s:i, 4- a.
Net rh.itiit. 111.1 1 u omparls.m with 'an
i r n N','w iorl StiK Kichanne
l'llll.l)i:t.l'lll IIONDS
1100 l.ibertv 1st ;!., l()t7
2d l',s Hill!
American Gas & Elec. Common
Commonwealth Pow., Ry. & Lt. Com.
Western Power Common
Appalachian Power I'fd.
Phila. Suburban Gas & El. 5s, 19G0
. American Gas 7s, 1928
Penna. Water & Power .'is, t!)0
BAUER, STARR & CO.
I.iiml Title lliitlillnc I'lilliidelnl'ln
New erk Offlr. 2 Itninr -trfft
Dire yvti-if, I eh plmiii. b'l Ufflica
American Gas Co. 7s, 1928
Duquesne Light 7Lis, 1936
Atlas Powder 71 ,s 1941
East. Shore Gas &; E.lcc. 6s, 1955
Autocar Co, Os, Various
T,aml Title Uldg., Phila.. Pa.
lembrrj I'luhnlrliil- u ?( re ''-rinno
.'Vm) Libert
."in i Libtru
40o Liburtv
20i Ml Liberie
70OH Vletnrv
5(10(1 Hell Telephone
2O0O I'itv s 1!U0. .
lOOO phila r.w. 1st
3000 Phllil K ! 1st
2d l'4s 1042..
3d 4 s 1J'.? .
4th 4'4s 1()3.
Is 1023
"is reg. hits
'it '.Ml
7.. "0
7 ."(!
01 30
S7.r.(l
f 10
101
.".
s.1
S7
GRAIN MARKET
Chicago. July 20 Wheat started VjC
lower for July and -"V to IVic lower for
September and December. Trade was
acthe with numerous- hedging sales for
small amount in the pit Fluctuations
were rapid and held cloely under Sat
urday's close. Receipts Saturdny were
400 cars: last year, tifty-one cars. The
cash mnrket was off with futures, with
exporters buying liberally and a fair de
mand from millers and elevator inter
ests for mixed The seaboard estimated
iimund 2, ."OO. 0(h) buheln worked In all
positions.
Weather reports show temperotufs a
little higher In the Northwent over the
week-end, with hardly any precipita
tion. Lxpectntions nro that receipts
both here and in the Southwest will bo
huge ngnin today, with prospects that
the week's primary receipts will set u
new high record
Corn started V4c lower for July. '4c
to c off for September and :lsc down
for December. Fairly general rnlns in
lown overnight caused the easier open
ing, which was met by good buying by
cah and elevator houses that earned
nrlee back up.
Oats started ii.o lower for September
and Uc to a;,, off for December. Trade
was light and affected by the lower
opening in other pits.
COTTON MARKET
New York. July -'- Tim c.ttu.i
market opened easier this morning and
nine to twentv -three points lower, due
to weak cables. Southern and Liver
pool selling mid liquidation Support
from Willi street and trade interests
wos insufficient to obsorh the offerings
enrlv and the list declined three or
font points further in the face of re
ports of light to heavy ruins in the
rent nil belt
Tno receipt al the ports for the day
nre estimated at 10.000 bales against
10 117 babs a week ago, 12!0 bales a
ear ng" and 11,000 bales two jears
llgo.
Financial Briefs
FOREIGN EXCHANGE
Now York, duly 25. Kates on the
principal European centers displayed
evidence of r, Mictions nt tlin nnmiina ' The aaron- ....i.- . ...
- - '- --......-... .... ..... ..j.......,. .... .....uni f,., ,i in,, twenty active In
today. Sterling was off cent, while n,rrld,' "J"?" .,qJxnlplr,"i ''"" i"r eem on
the mnjoritj of the Continental ex- MlSnS oVi'ViT r"5t,,,oh"i,!'.,,lv rRl"1"1
elianges were sharplj lower. The ' ' ' '
Allied on 04 01 04
Arkarsa Nat Oaa ... . ini in,. ou
Hone Oil 18 17 tS
He stun Wyomlns 04 113 03
farlb Svntllcato 4H 4' in
Cities Senlce (old) ..,.118'4 117 IIS
Cities eSrv "B" ctfe 12i y yi,
Crulo 3 3 3
Cuslilnic I'eta IS 111 10
nik Hanln Pet d'i .'iTi 5'4
ray Pot 2 a a
federal Oil 114 1V4 114
Olenrrck Oil OS SO 07
Inter Petroleum HVi 11VI lift
(.yens sn 80 SO
MaracaltHi Oil 21 i 21 Vt 21V4
Mi xlco Oil SO SO SO
. Northnest Oil 11 IS 18
I Norn Tet 6 0 n
1 Noblo e 18 17 17
1 Proil Iletlners 3 ".'4 2',
Sarulp.i lief 3 3 3
Simms Petroleum 0 a a
SUilly Oil 34 .T 3
Texas Kanzer 3 3 3
Texon 07 O'l 07
Tcxon rts 3 3 3
MINING
Alaska Itr Columbia ... 38 31 37
Arizona al'tnifDnln Ml M .VI
HlK I.eiTs-e 25 23 2.7
lloston (t Montana 73 117 71
Dolores lsperanz 2V4 2 2
Divide Ext 30 III 30
Kl Haliador 31 3(1 30
Kureka Croesus , 51 tl) 51
lioMflol.l ricrence ') 3r 3'1
(lold Zona 12 12 12
llui-mUl Dlv Wo 11 11 11
Hed.i Mltilnc 4'i 4's 4'.
Jerome Verde is is 1
ummmtttm
yv f iy
WfT
MAY THE TRUSTEES
OF AN ESTATE INVEST
IN ANY SECURITIES
THAT APPEAL TO THEM?''
No. In many States these are prescribed by
statute. In Pennsylvania, unless otherwise pro
vided. by the maker of the will or trust, a trustee
is confined to the following:
Securities of the United States; public debt of the
State of Pennsylvania; bonds or certificates of
debt of any county, city, borough, township or
school district of Pennsylvania, or in mortgages or
ground rents in Pennsylvania; and by leave of
Court, bonds or certificates of debt of any other
State in the United States or of any county or
city of such other State, and in real estate in
Pennsylvania.
The officers of the Company will be glad at any
time to answer other questions on trust and estate
matters.
Fidelity
Trust Company
325 Chestnut St. S
143 1 vncstnur. oc.
6324 Woodland Ave.,
West Philadelphia
Capital 5,200,000 N Surplus16,OOO,O00
Funds held in Trust more than 250,000,000
ocuiiuintiviniiH. in tue inniii, were II nn.
llie quotations follow : Steilmg cab
in i,oth cross reMinue and net owraiinir
Income Chlciuo. Hoc lslan.1 ...irt I.Jvin." ",f
ill. 'Iinuillil-l 1UIIIIW illTI I I I I L' l-IIII- r.jrnel
les 3..,Sii. demand 3.."7''8 ; frnn- " .tirnii, .his ,ear xei? ' iSZi, ' tn.T,
tables 1.7'IL.,. checks 7.72L.; Delgliin "? nel'h'.'''r'?"'.,,h,,S.,i,", uf """ i-!o
cables 7..V,',. checks 7.",D,.; Swiss UmIim f .sann'V "'"LrH, XT" "
cable, 10,14. checks 10,11; lire cables i ' JM.372 u'nir VA "o?.!., !!,,','." ".!
4.,t2Vj, checks, 4.32; pesata cables, 1,HS-
?.V 1' t'llt'',;" 12.70; guilder cables I Charles on. r WhIluOk. ),..s im.
31.3,-1, checks 31.30; Stockholm cables , Bcn"ri" wrtnr In the lltm ,,(". T-, "
JO. ."5. checks 20.50: ( 'liiistinnlii i-nhles
12.0s, clucks 12.03; Copenhagen cables
1.".3.", checks l,"i,30; marks 1 20; Argen
tine 2l).3."i.
The rate of premium on New Yoik
funds in Mend real today ,ns 12'a The annual import of ih . .u
per cent. The rate of ,l,.eount in New , NortKrn'rr'Sn'orV'cS,, pVmeMow.
York on Canadian funds was 11 ,WP ?ruur J u?r" " t?x .n-i ih.?,V, '"of th!
cpnt h li'-U or ir.H,T-,Sfl, equal to S3 OO
Central European exchunges were : ' W.nJ -Jllf.r ' "r i' -' " ? ,"? tj)!? ' r ' ' ' "' ' "c-o i n prt ?
Greek, 3.r.2; Itiiiiianiaii. 1.32-74 : Hul- toh?" " -3 .
gadnn, .SH; Austrian, .13.".; Polish, I
.im,i; i.ecno.Biovnuin, l.'JM.); I'ugo
Slnvin, .023.
.T-m. l".h.p,nBO nni1 NiittliK.sl.rn It.lluav
Er'i'?nrr;- "-KS
rrijiais jtiii t,on(J Ititret
SATUnUAY'S FINAL QFOTATIONS
Ijemand
Cfblrl
Ia0n.t.h" Juhnp "' ""& n-i" iTnthaf,er
n the prif-rred stor'. left
1 I SO per
f common
i after dividends
SterllneKr.it.es Lire (.iuilrlers nsL2f ."( 050 equUalunt to
8K 7T4 IM 5 ,K " ,h" ll,S"- 'rcH .
3 3T ;::, 4 mi si 41 ' .
MONEY-LENDING RATES
NI.M OUI tMie nn rd II. Iv.ih ,asea
nf illsleral npnned mlav St ,',i, ,.- r,n,
f r 'eirltrn and renew, r
rilll I)i:i l'III- CM it p,r eem. time
0 p-r etn' f,minerclal pi.ter ir.ree to six
months, a per ,ent
Orteber
Deeemher
'anunr .
March .
May
Frr t,ms
T'lese Open
. VI (13 12 M
13 n 12 Hi
. I'l 111 12 SS
13 'It 13 20
. 13 43 11 311
1 on
r m
1 .' 42
12 S.
12 S3
TODAYS OPKNINfl Ql'iiTATJONS
Sterllm; Fr.1nr In. II11IIH......
Ueniarel . 3..17, 7 72'n 4 .12 31 30
Cables
3 5S
73'i
I 32W 31 33
LOCAL MINING STOCKS
TONOI'AH STnCKS
Hi T
HI
'17
I.",
il
III
11 1
-.He insx are mere norn nj iuo-a-it
ns the legal rste i,f Iniereii in the State
f Pennsylvania llnit ,1xel at n per e,nt
ru premium mul r, mmles'nn 1 me moner
for ih'rn to nlri ,Jn is ,,,artl st 7 to
7Va oer rent while cmnvrris :pr troin
ihlrt to nlneti ,tas 1. loaned nt 7 in ju
ler ( ent
C. S. PATTON & CO.
SI) 4 CIIKBTVTT hTf
HANKKKS
Siirre-.urs in
Mll.i:it 4 sTr.VKNSON
Pmirls nml SlncLs lion x lit irtil said
ilembers 1'HI I Mnrk Fehaore
I (IMXIN M 1 , h ,,i, 1 ,' si 3 ir rp,
lusennnt rstes Short lillis , er cent
Hi" m n'h' t'l's -.r ,n,
DIVIDENDS DECLARED
1 Irterrni ,nH Jlu-'''fc"r iV, i-plirterlv
I' 7" n f.re'rre, pajahle September 1 to.
st U nf reen-1 Ausrust Hi
S'sndird Sanit.irv Manufaet'Kinir i'o
iiian'l 2 per i eni on iiimmun and t psr
rent m pref,'rre, bnt'i naabe Auirust In
to stuck of record .tul 2'i
I BANK CLEARINGS
Ha'M i lea 'Inns toda ronipare, ith r,,r.
responding day last two jears
1H21 1U2II l'll'i
1'hlla Ml noo not) 171 "51 217 .".n 7(1.' 220 '
BAR SILVER j
ImmeHtlc bar silver was unchanged in
N- York today at till', c foreign rtl I, e. -in I
advance of H In London, the price was I
'. d hither at 33S d.
NEW YORK COFFEE MARKET
New York, July 2." The local enf
fee futures market opened with trndiug
ouiet and without special feature of
hiiv kind The morning prices were
I'lichnnged to 1 point lower Mid
hummer dullness seeuiH likely to con
tinue throughout the week unless nn
improved demand for actual coffee might
eiisilv lie iclUcted 'in more nctivitj in
fiitnrf- , ,i
The lei elH of a Special cable from
Itio lopolling nn advance there of 2."
to 100 reis seemed to stiffen up the loi al
market somewhat, but the volume of
business wa verv limited Septruiuer
Cash Uuv
Jim Itutler
MacNnmara
Crescent
Mldwav
Mlipih Kxt
Montana .',,
North star e3
rtesiue Kulu .... . S
Tonopsh Kxt j,
West IJnd . ii. ,
w est Tonopah . in)
I'lVIDK STni KR
Allied Divide I, I
Alto Divlda nj
Helcher m
Heli her Kxt m
Hen Hur
Hrouuh DIvMg m
fnvida Kxt .. ,. . . 2;
Divide Con . . . . i
rdvldend 02
Hasi DUIdu .. .ui
Harmtll , . In
KnsbrnucK Divide . . o i
Mtith Divide .. .
Knox .- .10
llevert Divide . .01
Hits) Dlvldi 02
Hoaiitii . .in
Silver Klin n
.Sutherland ... n
Tonopah Divide ... 7n
Tonopah Husbrouele , . . ,12
Victory DlvbJ . . no',
Verde Dlvld . .. n
Z.no ... . 10
mild to 0 o.'i nml Ma to 7
I points above initial hgure-
! S-l 1 "
Septeioler 'J;l5-''!2
Mam i'.'Sll";
,.tay 7 ID'S 21
I Mill
ir 4 to i
Oren
11 VO 'it 22
il mia 7
7 ill)
7 IHtflO
()OI.tiKii;i.D STOCK'S
02
01
04
111
32
nil
"t
ill
02
.01
.'U
.02
Hooth
Comb Fraction
( rackerjarl-
Dlainonitneld lllu- Hull
Tlorence
Oolilde'd Con
Oolil llevid .. .
do dfleid Drop
Ornat llend
Jumbo Kxt .
Kavvnnus
Ine Ht.ir ... . . .
Oro . .
Ked Hills
Silver Pick .
Spearhead
IVi
10
.01
Ask
(IIJ
.ll'l
Is
US
.12
.UI)
i7
.ii.
20
iiii
.Us
(ij
03
.U2
111
III
117
211
"I
.03
02
12
.112
II)
12
113
III
02
02
112
Ml
III
III
.03
.12
.04
.02
OH
lilt,
3."i
.IIS
02
111',
113
Oil
02
H3
IKl'j
"l
It Is offimlh sinied n,t i,n June stain
expens-s. taxes and rentals and vvdih wiuij
business as Is Indlcmd. Julv ""rnlnis Tshoi.L
easily take care uf ,),.. ni0l,., bonS'rntere'i '
Kerr Lake . . .
McKlnley Darrafh .
MacNamara
Nntlonal Tin
Nevada Ophlr
New Dominion
Niplsslni;
Hay Hercules
Hex Cons
Silver Mines ....
Silver Hills Nevada
Tonopah Divide
L'mled Kasiern . .
.1.
1 I
17
11)
31
J'
l
2 s
11
1A
is
Ml
2 A
IKI.NDS
Allied r.i.ker (Is .... I'l
Alumnuni 7s H7
Am, r Te Us in J! .. .. U'.i's
Amer Tel i,s 12I . . . U7U
Anacond.i 7s IU2H . n3t
Anclo-Atner oil 7's nil's
Armour 7s . . lul-Si
llelh Steel 7a lli.tr. . . Ill's
lleth Steel 7s 11123 . llH"-
Can I'uc Hs H71.
Cupper KhiiI ss in.-1 Kiuv,
( opper Export Ss l!i2.i .1ii1"j
Ooodrlch Tire 7s ... sn'j
Orand Trunk ll'4 H.'i'j
Heinz Co 7s tin
Humble Oil 7a H7
Interboro 7a 7st3
Kennecott 7s 113
Ills Cent H '-m int)1.
LlBKetl Myers lis ll'l',
n y. n it s. ii is .:
l'hlla Cw lis 11)22 .. .. nil's
Fears Iloebuck 7s 1U21 . . IHI'J
Sears iluebuik 7s 1U22 lisi.
bears ltoelup k 7a 1023 .. nil).
Southern Ky 7s . . . . :n!"4
Southwest Hell 7s U."S4
Stand Oil N Y 7s 1020 Kil'5
Stand oil N Y 7s 102S J ill."-
Stiind Oil N Y (.'-j s . mill's
Slft & Lo 7s . II7H
Tixos Co 7s mi-".
3
II
17
O.l
31
1'4
4's
23
11
1A
IS
70
-'A
43
l'7S
till
7
113'.
id's
mi's
ni'i
lisv,
U71.
imi
mi1.
SIl'j
iir.'n
'in
7S'
J
mo
ini',
33
IHi's
mi's
US's
miu
mi,
ii.i'-J
111lr
l"l "
3s
14
17
1,11
31
'I4
2.1
11
,,A
IS
SO
.A
13
117
no
07U
n:i'
mi',
uiiS
ii i S
H
H7'.
1004
mi's
HH'r,
II.",',
(Ill
n7'i,
7S',
II 3
Km'
ll'l'",
Oft
tlll'i
OH's
lisi.
(Hl',
nn.
"i
0kismMtiitM
t
SATISFACTORY service
is responsible for the
loyalty on the part of this
bank's customers.
Central National Bank
of Philadelphia
Chestnut Street at Fifth
Capital $1,000,000 Surplus and UndMdcd Trofits Earned $4,400,000
112'. in."...
mil's ui"1.
07 117'j
uiiS sins
Secretnr- Mellon .inni.uniei that .lurlim
the flsrnl vear en.t-.l Iune ;m the Treiisiirv
bought nnd retired J7.H Ii38.ntinn0f l! h" "ty
e.'Vo'v'er'n'm'V"1-'1" " P'"clpi. WW-
I'r.ink I, Polk ni ! c
len ,leeW.,l ,ll';'. .'..'..'", V, ' .."'"" hll V
tee...i .:.- VV"."' J.r e Itiillloa,!
-... .., ,p j.iuii. stets
and Ozdrix Mills re.iunei)
The Atnerl
to
deeenHed,
can I'l'trinniini Ii,iiiiiia h,i
mates that the dallv- ineriiK,v urnss crinle o I
prodiietinn In the rnlt.,1 st.tn ( he eek
ended Julv 111 .,. 1 .lns.7111 l.irrels a. "001
pared iv! It h 1 3l2 7.li, bnrrels fr tho precod-
ItlK eek II ilecie.sn nf ir,n jnrr.da
-- I
nf -1 u 11 l.n.V U'i'H '"',' fl"-Oier pavments
i.ft .'.ni. . 1 V'1'1 """K" n" the 1.00(1-
00 Of o m,,rlts ,Ue next month The sum
alrendv paid .imimnts la 27.1 nnn nnn marks
Tentative Railroad Valuations
Wushlnietnn. lulv J", rem . i, ,-.i iscnna
nf rallioads tlxsd mdu ) th" Interstate
i ommorce Commission er, Dallas T.rinlnsl
Hallway and I'nlon Depot II Is". SKI. Green
Hay and Western iwln-iins'ii' l" 2Us .190
I 1 vnune.- Or ,n He at 1 W'fsiern I Jell
103. Ahnape-j and Western Ostium 1 V s
cnnsini fl)7ii His. Hnnsae Tunnel nnd Vvl!
n melon HallinaiJ (Vermcnti. Kill 'ill ,m
.. vertnc fltreet Hsll'ia (il.--rh'jitl).
11.11 101
1 Amparu
Arlzona t'nitsd
Caledonli
Kden
Rmma Milver
Kureka Croesus
Kureka lloiiv ,
Ilecla
Mother I oif
Nevada Hills .
Nevada Wonder
Success
Tscopa Mining .
White Cap ....
Vlllxrt
MISCni.l.ANKOUh
I no
.07
04
02'
.1-
01"
3-'
,1 no
01
11
.02
,0.i
ni
.01
sli
1 in
03
II
1ft
.03
.10
Hls
4 on
of.
112
.is
03
Hi
.()
.02
The AnerlrHii ',lepnnn.i ftinl Teleiiraph
ro announee, that rlshts to subscribe to
nver PS pel (ent , f Ihe ts'l spi -,ll now OP
5RiVL.'"n "" ""'." "nd siilrlptlnns re
celled thetefnr The 4M 1,. balnine ....
malnlpK will b applied tow-r.l meetliiK hub
serlptlons nin-adv rei-oli,, frnin ermilnvm
under the inmpunv's .vnplowM stotk plif
The (leylOKirnl s'iri, states pi o,?ui tp.n uf
soft nial fulled 1 1 rm,.r sfier ih. Inter
motion b lulv I Ti.til output ibi'inw ib
wrnk ended J' lv 111 Is istlmaied 11 : 7 31U nun
I'M llHllln 7 U.,s llll.l ni Ih, las ir..r ,!,,,
I full-limn 'A.di Awras-e priiiluitinn in r
working il i wli'i h d lined fr, m 7 27(1 (inn
tins In si.k nde.i J., 2 n I 237 nun in
veek of ll'le ,. rnn ,. i,,v ,ns dripped II
to 1.227 "On ion,"
Prices Heavy on Paris Bouroe
I Paris lull 2.1 Prices were henw nn the
I'miise tndav Three per e nt rentes ,11) 10
Mill, nun nn I nndiMi 40 2H. 1 per rent I, in
1 s2 7n The d Her is i.mt. d lit 12 114
LESS NOISE NEAR HOSPITALS
A cii-iiperolle iiKieeineiit between th
P It T nml the cltv has been lniie
to eliminate, as for 11s possible, thei
noise of street cars passing hospitnls
ThoinaH K Mitten i-allul on the Major 1
this morning nnd told him Fred (' I)nn
lop. chief of Ihe Iiui'cnu of IIIghvvnjH, '
and Mr Mcllr.ilth. of his coinpam.l
had made niningemeiits to put new- rails'
and pavement nt the crossm;; of Itinml
nml Cltlinillie stieets to give relief 1
the Howard Hospital, anil at Fifteenth
street between Ilnco and Vine to helpl
the Hahnemann Hospital. I
LIVESTOCK QUOTATIONS
l,ti..l......l. ,..,.. or. ,, , e, r- . .-
. ill.irutKlli JUIY at,. , I I I.I. lin I lHS
2U(iil head Sleadj. steers JK.2,1fi s 71
heifers Ktis rois. Ilfftil Calves, receipts
1700 head Unver Top. $11
Hulls - Heielpts llllllll head. Heavies
$tii7"'ull heaiv inrkers. Iliht .inrkers on, I
plus ll 7.1ti 11 1)0
SHl'KI' AND I.A.MHS Heieipts iiuii
bead Sieadv Top sheep, ft ,10 top lambs.
S10 .10, lower
i'.VI.VKS Hu'elpis 17i'(l head 1 on. r
Tup, 111.
laist lliiffiilii, N. .. Jul 2ft CATTI.I. -
Iteielpts 32.10 head Active 2.1i lib hlsb. r
Shlpplnu t, er is Miiuti so bun hers s
Ii ,arluiKs Js 7.1f 10, h"lfis. J.I , lull s 7",
lows J21I It .10 bulls 1 I 'II 7 stnekers .10 1
feeders. 11nl. fresh mill and flpritlKOrs Sill
f 120 Culves. recelp's. 2200. . Stead JI
tl II
IHnih It. nlpts skOil head Oood 111.
luuher I.lBht. Head to 1,V lower II. ,w
s 1 1 fi 1 1 .'., mixed 111 ftdJM 1 7.1: orkers
11 71fill S3 light ,orkere nnd pl(.s, ill 7.1
r, unhs JS r.u stliRs J4 .11 iff II
Si:i:i AND I.A.MHS Hniahita .1111
hend I.imlis and learllncs stesdv to ftu, I
lower Iambs l.lflun.io iearllns JJioft
1 wethers. SftanlfH. ewes llffft. nilxe I I
Sheep SI ft SO
Liverpool Cotton
IJieriioiil, .lu'v 2.1 There was n s.n , i m
Qurv for spot i ttotf toilav. but pi Ires w re
easier on tho lias' ,,f a decline of 1.1 points
far mlddllm at s 13,t The sales were 7n m
Lair" The rereipts wire 14 rifln bales in
. ludliiK 13(100 b.,es Anirlran 1'uiur, s
wire UUlet 111 the nrlv dei.llllKB Spot prices
w,re American mlddllm- fair. 10 il'td
Bond mlddlln S tlSd fullv tnlddllnsr. S ftSd
mMdiiiiK i VM low mliMllna 7 23d, Kood
onl nnr il Osd and enllnan, ft 33d
WiV
LnfMBl
ji jBH
To Net
8.30
First Mortgage
Serial Gold Bonds
Due 1924-39
Tax Refund in Penna.
full infurmnlion uinn rcntics!
Baker, Ayling & Young
JOSKI'll . hV,IN. Jr., Mnnaier
Lund Title ndg.
Boston Philndolphia
Paying and Earning Dividends
While many large producers are com
pelled to be idle,
MIAMI COPPER
occupies a unique position in the
copper industry. The distinctive fea
tures of this property are discussed
in our circular P.L.-431, now ready
for free distribution.
WALTER J. SCHMIDT & CO.
.lembors Consolidated Stock Exchange of New York
Philadelphia: 1323 Walnut Street
Phones 1111, Wulnut 4I1() Kejston. Hies 8181
New York: 30 Broad Street 11 Fifth Avenue
il'
SALESMEN
A prominent Philadelphia investment firm, Mem
hers of the New York and Philadelphia StocK
Exchanges, wants earnest, hard-working, trust
worthy salesmen to sell high grade investment
bonds. Men accustomed to making good mone)
preferred. Experience in bond business not neces
sary. Openings available in Philadelphia and in
several good territories in Pennsylvania and jew
Jersey. This affords an excellent opening and an
assured future for men of character, energy ana
stamina. In reply give full details of training ana
experience.
A 735, LEDGER OFFICE
AUTOMOBILE
INSURANCE
l.inF.KTY .Mt'Tl'AI, INM'RANCK CO.
rtint Isjut 0010 1022 Jo. 13th St.
! Bonds for Investment
Circular I'l"")
UN0''
Circular ip ...
The National City Ojjg,
CotTpoidi;.lOIf'l ;,,'( '
i-iiiiaorii"" :ii. nsirs""
Atlnntlr CIC hJ!J---
A.
I
stt-fivyyj
r,ie
TN
fc"(smsfsflPPflai(fcss'sv
TT-Ssi t'usssitwst.
M-H
.A.-. Od.'-lvvi
n
.-.