VA'C &V I i S": '-'"' J '-'! I A. r::( JT . n- t i 'A h ,. ' EVBtflttGf PtJ&fciC LEfiGIiJR-PHlLAiDliiLXlA, TUESDAY, . JULY 2G, 1021 H ' -(y i 6 . Announcement Ve Take JPIcasure in Announcing That We Have Been Appointed ASSOCIATE DEALERS for 4 STUDEBAKER MOTOR. CARS In 'Philadelphia County With a Showroom and, Service Station at 907 North Broad St. Our experience as Studcbaker dealers for tho Main Line District, whertf wo will continuo to maintain our showroom and-service station at No. 21 We3t Lancaster Avenue, Ardmoro, has convinced ub that the Studcbaker car is tho best value on tho market. We should like to show and demonstrate this car to you at your conveniens. HARRIS LeROYS CLARK 907 North Broad Street Philadelphia I'oplnr 7010 'This la a Studcbaker Year" gg. Miami Copper Co.'s Record of profitably producing jn times of severe depression contains guaran tees for the future of the company, which arc discussed in our circular PL 431. Copies free. WALTER J. SCHMIDT & CO. Members Consolidated Stock; Exchange of Nctu York Philadelphia: 1323 Walnut Street rl0nf,lloll, Walnut 1000 Keystone, Hnre B7S1 New York: 30 Broad Street 319 Fifth Avenue XAPrrAUsocoooooi SURPLUS (EARNEP) Sa.UOQ.QOO.QO Sbdh$fxifMj( 1871 to 1921 The successful manage ment of Estates requires knowledge of the law, information regarding values and a careful sys tem of accounting. THE NORTHERN TRUST COMPANY has all the desirable qualifications of an Exec utor fidelity, ability, ex perience, financial respon sibility and perpetual existence. 50 YEARS of continuous conserva tive banking experience is AT YOUR SERVICE jay - -f ssim v ?!1 - H III i ii ir i T r imXISvZZS 1A I aw i i ' Aristocrats ' of the .Stock Market A list of stocks em bracing the leaders of in dustrial and railroad se curities. At present their average Market Price Is 67 The Average Yield Is 7.6 The Average High Price ' 1919138 ' Tho asset valuation of these stocks averages $140 a share, or over 73 above present prices. Both investment and speculative p o s s ibi'.ities are far above usual. Wo have prepared a special folder on these stocks, which we will be glad to send you on request. Ask for A-2. Edwin E. Kohn & Co. Members Coiinlld".tril Muck Krli"n"t of New Yorle SECURITIES 726-28 YVitleiier Building Philadelphia Jffw York, EuMon, Pnttevllle. Trrnton. Ullmlneton. Pittsburgh. Direct Private WIrra Cunncctlnx OfTIcCS Traders Can obtain a review of Business and Market con ditions lute News and price range on Producers & Itcfincrs Elk llasin Petroleum Radio Corporation Continental Motors Tonopah Belmont Hcyden Chemical and many other stocks in this week's 12-pagc issue of "INVESTOR & TRADER" Call, write or phone for TU-400 You enn have n report on the New York Curb Market Stocks which interest you no obligation. PHILADELPHIA OFPIC1S WIDENER nUILDJNG Telephones: Dell, Locust 4739 Keystone, Race 6301 BALTIMORE OFFICE 433 EQUITABLE BUILDING Telephone: St. Paul 8451 Direct Private Wires New York Chicago Boston Philadelphia Pittsburgh Detroit Baltimore Cleveland Jones 6c Baker Members New York Curb Market Tube Mill-Standard Seamless Tube Ca .ITtCL rUHNISHCO AND CHKCTgO VV MCI.IHriC 'MARSHALL CO. Because of our excel lent facilities wo are ca pable of handling tho wall order as efficiently s the larger. Phone or wire our Service Depart- nent in this city. McClintic- Marshall Company liciicrnl OMrcat Plttuburxli, I'll, riillntlrlplilii! .Morris Hide. i' York Chlrnirn Hnn Prim l 9 SEIZED SHIPS GO NEW YORK BOND TRANSACTIONS BACK TO COMPANY IHALKS I.V llhrtOi One Sails Today far Cherbourg and Bremen. Under Protec tion of Injunction SHIPPING BOARD LOSES PLEA Ky the AMOriattrl Prws New York, July 2V. Uwtnrwl to at Iwirt teinpornry control of the nln foenn llnom wil7.nl br thr T'nltril rifntcn Shipping llnnrcl for altfKcd vlu InllnriH of oontrnrt, the T'lilterl HtnttM Mali Rtrnmslilp Co, planned to atnrt cne of (ho ships, the Amotion, for Cher lonre ami Itroiucn at noon Ipilny, Supremo CVmrt .TuMlfn Ibirr rr-Morfil (he strAiner to tliMr rhnrteTfrr. ye(vr day br monn of ii (empornry Inliim-flm retraining Shipping Hoard ofBrlnlq from iiitorfr-rinec with tho oonipany's iinw.os Mnn of thom, vendingr a further lirnrln Thursday. Klnwr RMdoMiftor. ooun'ol for lbs Hhlpplnu Ilnard, induced JuMloo Rurr (o hold a KPcniid hoarlne at M" obih lat nlnht cm a motion to vnrnto (he ro Mrnlning order. .Tustlco Uurr. how ever. clonici1 th n applloatlou nftor ot tondccl ai'EinnrntH, and wainod Mr. HchieMncer apilnst ptTinitllns any uf hie agents to violate the rrxtrnlnliu order. Folloulnp (IiIh honring. Mr. Kohle-t-inter roeallod Tailed Stales deputy mnrshals whom ho had plarocl on bonnl (bo nine fti'.imTH when he seized (hem hih( Frldiy. Tho 1'nllod American I.Iiicsh. I v.bleh (he hoizod (oainct)' hal been (em lornrlly nlloenlod bj (lie bonnl nlnn look eo3iiUanco of ,Tuh(Ico lliirr'M order by Kunpondlnp further mooting for the Amorlen nnd for (bo (lenrRo WnsbbiR (on. iirlvvhil-d (o sail on August 3. Tb oonteloil Ktonmori are tho America. (JoorRO WaMilnictnii. Acjnmcm lion, Prrvideiit (irant. S.iwpiebniina and Potomac, all lied up here; the Mount Vernon , at Morton, and the PiIiioom Matolkn and Pocahontas, seized nt for ,iKii poits LOCAL MINING STOCKS TONOl'AII STOCKS Hid Alc Cash lloy S ."'1 .lim Chiller OT .00 .MacNnmara 1 1H rPKiint 07 . Mliluar in .l Mm.ih Kxlenslnn "S ."7 Miinlnnn ar, .ns .North Htar 01 .05 .ii"icur K'llli 1A .'-'1 iiinp.ih UtloimUin 01 .01 'i iVeat Knrl "0 .7 V."it T.iiioiuli 10 .11! IltVIDi: STOCKS Mleil D.vlde tl Underlying the Great Northern 7s St. Paul, Minneapolis & Manitoba Consolidated, non First, Mlgc. Sinking Fund Cold Bonds Duo July 1, 1933 represent a closed mortgage on 2,5-14 miles of road at the rate of $16,630 per mile. Price to Yield about S Bonbright & Company 437 Chcitnut Street Phll.delr.hitt nV, York C'lilrnifo ""'on Detroit P i Spruce 8200 GRAIN AND STOCKS , Facts and figures relat ing to securities or grain cheerfully supplied. Wo specialize in Odd Lots Boureau & Evans Hcmt.j, Jlhllu. block Excbans Chlcaro nonrd of Tra 130 South 15th Street , Philndelphift ""' t LIBERTY BONDS VICTORY NOTES TREASURY NOTES & CERTIFICATES II sEConiTiKS nnr-AimiENT I CommercialTrust 1 rniwDAwv Member Vnlfrul Itmrrre ftjalrrn City Hnll Square West Mcaintic-Marshall 1 fiSteelBridges j Buildings I Bi M lin Dlvldn Mclrhrr i chrr Kxtannlnn llm llur Iirnuvh DUWc .... I)lliln Kxttnulon riMiln Cun l)lvMm! 'an Iiivlilo Ilarmlll i-l.iHlnourk Divide II ten l)llil 'tinx Iti-wre Hlvldo .... rtono I)lMe ItOFCttU , J'Ucr Kin .lulluirlnti'l ronntinh Iflvliii1 r.innpiih llRNbruiirk Vlcliirv lllvlJo . . . rnli Hlvlilo ui.e .112 . .01 , .01 ! .on , .31 , .02 .01! : :?1 . .01 '. .10 . .02 . .01 . .01 . .01 . .112 . .Ml . .02 . (II . .02 . .11 Fraction Iinoth Combination i-rncicorlacK niummvlflcld II II F.nrenco Uolrtn.ld Con tlolil Development (lolclfleld Dcrp . . (treat llrml Jumbo Kxtrnnlon Kewanaa I lini Star urn il-d It Hi Klher l'lc-:. .. . Hptarhe.nl GOI.DKIKI.l) STOCKS 112 .01 .04 .01 .87 .nil .01 .01 .02 .04 .01 .02 DON'T SEND FOR THIS BOOK of Graphic Charts UNLESS you've made up your mind you wish to take advantage of the present never-to-come-again opportunities in the STOCK MARKET. While the edition lasts copies tetll be gladly sent upon receipt of 10c In stamps to defray cost of mulliup. Write for L-lQ. I F. McGOVERN & CO. Mfmbra of rhtla. Slock Rxrhnnee 1430 Mouth Trail Bq.. I'lilla. -lirnce (1116 rtare SISH Ordrn exrcutrd In nil Marietta v York! 32 llrondnny UA.NKKUS Dealers in Investment Securities Ifetubns .Viv I'oik and rhitaitlpMa icli Exchanges 321 Cheitnut St., Philadelphia Bar, Bands, Angles, Tires PENNA. CO. Zy2 "A" 1937 MORLEY, WOOD & CO. 3.13 Chestnut Street Mrmbrra X. V. ts I'hllfl. Ptok Krh'. OTIS & CO. Stocks Bonds Acceptances Foreign Exchange Member of New York, Cleveland. Boston, Chi cago and Detroit Stock Exchanges, the New York Cotton Exchange and the Chicago Board of Trade. Private wire connections with principal markets of the United States and Canada. 216 Superior Ave., N. . CLEVELAND New York Botton Detroit Cincinnati Columbia Toledo Akron Youngjtown Dayton Denver Colorado Spring ::::::::::::: :?! 01 MIHCRI.I.ANKOUH Amrato .. l.no Arlxonn Ulillrd 07 I'lilcdnnla Oil Kden in l:mma Slhpr n'j Duroli.i ('-rua 4 Kureka Holly 01 Vi Iltcla a.TS MolbtT F.od .100 Nevada Hill 01 NovidH Wonder 1 .", HuccfM OJ Icriipn .Mlnlntr o; Vhlto Cap n( Vllbc rl II) .02 .o:i .02 .(II .01 .OS .3'! .01 .01 :?? .01 .01 .12 .01 .02 112 .02 .03 .H.I .(II .02 .03 .13 .01 .02 .1)11 .oik .311 .OS .02 .1114 .11.1 .Oil .02 .01 .001. .02 .13 .02 1.10 .01) .11 .1A .03 .31 .0I, 4. no 3.2ft .02 .20 .01 .IS .nil .112 Am Air Ch 7 Ha rem 1..... 7 2 U0.'.i AHA R' A 3 7TW 1 " J TIH 1..... 7t 1 7TV Amn TUM i am Amn TTli CIUQ O'U 1)0 too on n noH l i.,.. i.... A.... 1..., a.... Ar'a Iltp'c 8 1 CITH Armour 4Wa S 70V4 1 71H4 li.... 70H A T A H Ko aj 1 72 A T A H F la 3 77'4 H 77 II 7714 A Coaat I. rll I r,rii 1 7m A ClHtat I. 4l 3 74 A C l.lna 4n 1 70 Atlantic Ilrfir et SUi 4.... 101 B.... 101 t.... 101U Ualt A Chin c t nn la r, to mm Halt A O 34n 1 HI'i 1 M t '4 1 R3U Halt A Ohio 4s 1 (10 t OH'i a nnv; Halt A Ohio 3a 0 7! 1 72 2 72 3 72 II A O I I. K A V Vn. 4 a 8 IIAtt Ilrll Tlphiine of l'a 7a 2.... mm 4.... I03'4 3.... IO.TS1 Cananlan Nl'n (l4a wl II. 7.. 3.. n.. 1.. 1.. 3.. 0.. 1.. I.. S t. t. t. 3. II. 1. ft. I. 5. I, lii! A. Chi 3 100 U . .. 100 !i ... too ... toon ... 100'i . ., 1011'i . .. 100i ... 100H . ,. IWHi ... 100s ... toow ... ion ... icioh . .. 100U A O V la 30 Vi Today's Range In Liberty Bonds l.ihprty Liberty Liberty Liberty Liberty Liberty 3i!K .... lht 4Vk. -d 4 '4 b.. !ld -IUk.. 4th 4V4h, 4?1h .... nuii .S7.20 S7.74 7.5(l 1)1 .ill 87.08 1)8.40 S7.12 S7.74 .s7.ro 111. BO 87.00 1)8.42 1 p. i. H7.14 87.74 87."4 m.r.0 87.02 DS.40 7H 7 H 07 S 07 S 07 ,4 07Vi 7 iS 0714 117 4 0714 H7't 07 U Canadian N 7 1.... 101 S 1. .. 101 14 3 mis i.... mm 1.... 101 C A Ohio 4i 1 73 C A O cv 4 Ha II 77 1 77 4 1 , 77'4 C'k A O cv S 2 HHt IS 81 . LVn'l of Oa rn 1 h2'4 2 h34 On'l of (la ft n hs 1 KM Ctl t.rathnr 3a 3 ROS Ctl I'acino lit 1 72T 1 78 8 78 8 78 Cfn'l Tao 3',4a 2 7( C II K Jay Si 3 11(1 Crrro t rairo Copper Ha 11 107 '4 Chicago II A Q II 8H 2 7.1U Chi II A Q irm 3 78V4 Chlcatfo Mil A Htl' Km 44a 1 7S 1 73U C A Nwn 04a 8 1004 1 lOOVi Chi llvrja 3a 3 (14 4 1 (11 "4 Chi II I ft I" M 8 074 1 074 n n74 a... . 074 Chlcani Cnlon Hla et (14a 1 . . . . 1115 ''hi A W I U I...... no Chlneao (Ime'i Ilu-K Ily 81 1 134 1 434 Chlla Cnp'r 0' 1 72 1 72 1 72 f'hlla Con'r 7 1 72 City of Herein Ha rcta 1 07 4 City Heme H 1 0Sj 3 HRi 1.. .. nn 4 1 OH. City lloril'x (in 1 83 Cty Chrla'n 8 r, (a n) no 1 1111 v 1 Wl'.i City of Cop-n- haaan 3V4a 1 74 1 7U 1 7S4 3 78 lft.. .. 7A4 City I'arla (la 18.... 011.18 2 (a (I) (111. 18 13 nn'4 3 ODtt 3 IH4 City Zurich St 1 no 1 004 2 004 I (a II) 110 4 2 1104 1.. .. 004 Colo A S 44a 4 78 Cnna'd (laa 7 .1 1014 3 1014 Cuban AMI 1 I. ... I Cuban (J I Pa Canada '20 1 02 1 024 1 02 Vi Io Canada '31 8 834 I) !) Namnurs rwl'r 7W t 034 Dill Ulht (la 2 00i 1 00 3 004 1 001 Krle (lent Men 1 434 2 4314 2 434 1 44 Krla 11 It cv A 1 391. t ami Krla 11 II cv D 1 41 2 43 (ieno'l Klec Oa I.... 1004 C.cmdAr Tlr A Hub 'r 3a 3 (a 7) I II" 'I 1.... 1004 2 (s 0) 101 2.... 101 2.... 101 2.... 1014 2.... 101 2..., lOtU ft.... Ill (lova't French II "Via rcta n. I.... 3 . .. 21. . . . (lno't 2 . . . . I.... 1.... 1.... I I I 13.... 1.... 3.... 4. (1,1 Trunk rcta ft.... 101 1.... mi U Nth n- 004 004 no u no 4 a cv . . (is 4 .. nn . . C13t .. 034 . . ns 4 . . 034 . . Oft . . (14 . . . OS . . (14 . . 03 . . fll . . 113 .. 014 Hud cv .. 83 II ud fd .. 80 SO 034 1)3 113 lift ' II 8a nn, l)0, 004 004 on4 100 tins nn 4 no 1104 004 1. 30.. 1. . ft. . 7 . . 2.. 1.. ft. . 1. 1. 13. n T! 1 23. 1. , .i! 3. 13. 4. llml .1. ft... 2... ft. . . 3... 1... ft... 1... ft. . . 4... 1... I.. Do I A 1... Del ft 1... 1... Ilanmark Con ct A fla 8.... 1004 Diamar Con ct II 8a I 1004 Det Kill Ch (la 1 ... 88 Del Tun'l 44a 1 77 4 Do Canada "211 Kim ( 3- . ()!. 2 .. 004 1011 . 004 . 004 . nn . nn . 00 4 Hill . mi 4 . nn . on no 4 . n4 mm . nn . . 004 . no 004 . no', . 0114 100 004 100 1104 ton Man fil . 1101, mi 4 . 004 . no, . 004 Hud A Man In 3 424 1 .. . 12', 1 424 .1.. 12 III Central M 3 704 III Cenfl B4 .... 014 III C St I. A N (J Jt llda 3 .1. . . 704 70 4 T fd ."04 Ml 4 304 3(14 30 , ft4 no 4 ftci'4 c ft 1 1. Kan CIBU 2 7ft!4 1. .. 70 1 7ft!i t 70 I... . 70 a..... 704 K a T Illy 4 4 71 " 4 714 2 724 Keely Hprlnie'd Tiro Co 8a ft 1M4 1 004 4 004 1 004 ft 004 17 00V4 1.... 07 04 3 n4 a.... 014 4 UII4 K Ilcla-lum (! 2 04 V 1 014 1... . 014 12.. . 014 A 044 4 014 ft... 0114 K llelff'm 7 4a 1.... 100i 1 ... 100S 2 (a 0) 1004 1. .. 11104 2.... 100 I... 100. 2 ... 1004 1.. I00, 1 .. IO04 K HelKlum 81 3 . . . 100 12.. 1004 ft (a ill 1004 K lt'la'm rcta I. 100 1. . H104 1 . . 1004 1.. . inoi, 1 . . 1004 2 1004 ill.. . 1004 KlnndoM Din. n'nrlt 1 H 1. .. 1014 ' . 101 , 4 . .. 102 1... 101 1 .. 1014, 1.... 102 2 .. 102 1 .. 102 1 . 102 'i ... 102 KliiKdnin Nor way ct 8s I ... 11124 I 1024 K Sweden lla 1 . .. 8S4 I.nck Hleel '23 1 OS I. Hh M S ,14 1 04 I.aka Shore M S'n 4a '28 ft 83 3... . 83 l.iko Shore M an la '31 A ... 824 f. Vat en 4 Via 10... . 704 2. . . 704 I. A Mycra 7a A ... ion I. A J lldne 4a 3,.... 1104 Mnrland Oil ft 1 704 Mm I'etr'm ts 1 Oft. 1... . 00 ft . . 004 a on MIrt A St T. 4a 1 40 Vj M A Hit, en ft I .... (104 4 00 Mln HirH Ht M 4a 2 784 Mo K A 7 2nd 7 30 Mo K A T 4a It 01 3.. .. 01 Mo I'acldc 4a 1... . A3S 7 A3. 1 8H4 1 33; 8 B3, Mnr-'a A C 44 1 73 M A Ka'x 3 4 1 07 N Y Cntl a'4 1 07 N Y Ctl en 4a 1 004 1 1104 New Yk Ctl Oa 1 02 1 014 3 01 8 014 2 014 Now Yk Cll 7a I 101 . 1... 1014 I.. . 1014 A... 1014 N Yk I'enfl I. Hhmo 34a 1 024 8 . . . . 02 N Yk l.luht II A 1'ivr 4a 1 074 N Yk Light It A Pwr .".a 2.. . S3 I... . 83 Nv Y N II t Hnrdf'd Oa ft . . . C10 New York () ft IVeatn la 3H N Y Tile 4 4a 1 814 N Yk Tele II. I .... 024 Nfk ft Wn 4 .. . ,0 4 Nfk A V d 4a 1 . 70 4 North Wa'n U Tele'n 7a 1 .. mis 1. 101', 1 101 , 4 . 1014 1014 1014 1014 1014 1014 101 S X t'uc.nc R 4i 1 774 4 77 N I'aclllc II Oa 1.... 1004 1.... 101 Ontario Trnna- portatlon fta 3 74 OreKon 8 I. 4t l B2 Orir A Calf 3a H0V4 I'ackard Motor Car Co 8s l on4 Pa IUl en 1 4a 2 80 2 80 l (a 0 H3 l'a II Km 4 4" 3 774 3 784 l 774 I'enna U II Da 1 87 4 Pennn ltd 04" n . . . 00 4 2 004 004 004 00 4 POV 00 4 on no 4 004 on 4 004 no 4 004 in.. 14.. 1.. 1.. 1.. 1 . 2.. J.. 2 . 2.. 11.. o.. rennn It It 7a I 103 I'rro Matit 4, 1 03 4 lift 1. ... lift llrndlnK It) la 1 74 4 Hep Chile rtea 2 074 0 07 ft 07 4 4 07 1 07 4 3 .... 07 4 0 07 1. .. 074 I . . . . 1)7 1 .... 07 4 .1. .. 074 I. . . 07 4 Hock ll'd A A l.oulft 44a 2 004 St 1, I'n Mt A Sn Illy 4a 8 714 Ft I. I Mt A S II A O dv 4s 1 08 SI U B I' aj . .. 004 07 A S In .. SO ft0 4 30 4 3.. . .VH. 20 .... 30 2. . , ft(H,J 3... . 30 St I. A H fran Btrle A 1 02 St I. A K fraii Series H 1. 1. A. t I. SI I. 1. 4. 1. St J, 1. 73 4 . .. 7.14 ... 784 . .. 7.14 . .. 734 HoWn en . .. 04 4 . .. 044 .. 014 Hw'n lat . .. 074 . . . 07 4 Sao 1'aulo of Ilratll ct 1 4 07 3 07 1 .... 074 Siabd A I. aj I 204 ft . ... 204 1 24 Meab'd A ' 0 1 30 Sinclair C Oil CorP'n 7 4s Hell til 014 014 014 014 014 111 111 T ft a 82 1 St I. 3 0 1 I. 1. I. 1. .1. 3. 2. S'n 1. B'n 1'acinc fd ', 1 1 7(14 3 704 Sn'n l'ao cv 4a '2 .... 70 4 1 70 2 704 3 . ... 80 ft . . . . NO 3 ... 80 1 . . 80 Sn l'ao Tarm'l 1 .... 714 fioutli'n niy 4a 1 .. . firt'' 3 A7 South' 11 Hi 3' ... K.1V4 Htnnd'd Oil nt Cnl'n 7a 1. .. 103 I.. 1034 1.. 103 ft. 103 SkIIz'iI Con Na 2 103 8 1034 Term'l II It A of HI I. Ca I .... 84 Toledo St I. A Weact'n 4a 1 47 Cnlon l'ae cv 1 . . . . 84 4 Cnlon I'nc M ft. . 7A4 1 734 Cnlon l'ae la ft .... 814 ft ..81 4... . 814 1 . 81 I.. .814 1 814 2 .814 Cnlon I'oc (la .1. . 1004 1 ..101 V K of () Ilrlt ft I'd 1021 I... 0114 V K of u Ilrlt A I'd 1022 ft on 4 S... . 084 V K of O Ilrlt A I'd 1U20 2 ... 884 1 . .. 88 4 1... .- 884 1 881, 2... . bH". 4.. . 884 1 ... 884 K of (1 Ilih ft I'll 1037 1 2. 1 0 2 IT H 2 1. .1. 3 3 I V 8 2 U H 0 1 1. 1. V H 2, 3 V H 2. 1 1 I. t"d I. 1. II I 1 , ... MY ... 80S . ... fiO't .. 80 .. 80 IlraiM fta ... 084 . .. 084 . ... 014 08 .. 084 ... 084 . . 00 Mexico 3a ... 4SV. ltul.br 3a . . . . 70 . .. 70 . . . 70S . . . . 70 Itubb'r 7a . ... n4 . . nn Hub 74" . .. mo nn 'I, . . . no 4 . ... nn4 . . 004 8 Mteid ft I . . . . 03 . .. 014 ... 044 . 03 , .. 014 ULrniAaJv f ' ? RlflVlMFl "t MINTINC H4CH.NEKYI Any press, from mll job to largest Newpuper ovornAule'd and repaired, ri-onp Wal. 1814 mil linn ' li JK5lerrWhllts cf J- XI2-22.OAniKNT." EHRETS ' SLAG ROOFING EHRET ROOFING A X, MFG. CO. v DREXEL 8LDG. D forty Fivt 'till 1 1' A I. Sa I . . 77 77 4 77 V4 Va-0 Ch 7V4s 1 02 Wea'n Kleo Ba 0 07 Weat'n Mil 4a 2 . .34 1. . . 34 i Ue.t Whore 4s 1. K0 4 804 8rt 8(14 80 4IWia M14 1. 804 Mfis 7a 1112 102 101 1014 102 Wllami Co l"l 1 844 Cent'l 4a .. . 00 W A i: ft. . 1 . . I 2 TREASURER COMPTROLLER AUDITOR doMna tonnection nlth DrotTrpi1' rnnrrrn. hr ftbllln Intcrrrltv and rtfrjry iir reunlriMl. Whnrlon School crattuntr1. (nmmrr nnrl Klnnno. It! ear' Hnnnrlal. irciltt nnd uccountlnic t-xporlcnco. A G3!. I,i;i)(iICU OFHCK JAMES HI. HtWIN A OO. LUMBERS Wall Boards Tar Rooflns Paper Bttlef a Tmrth-1 mli m I.' lilror.Ue. Steel Furring and Metal Lathing Open Shoo l'rucllenl Men Work for Contractors Only ICatiibllalieil 1003 Poplar 8088 John S. Raynor, 2213 Wallace St. John T. Dyer Quarry Co. p...!.... TtlMMd 180I BIRDSBORO TRAPPE ROCK Harrison Bldg., PhiladelphUt. Pa, Chicugo & Northwestern Ry. Co. KCilIP.MKNT HW Dili 1031-32 A 1033 Snmuel K. Phillips & Company Menilirra Plilladrllilitit hlcrk Ki liunxe 307 I1K,STNIT STIIKET Klahl1hed 182 Holh Phontt William R. Chapman & Sons 150G-08 Washington Ave. MASON BUILDERS ALSO OWNHIIH Tlir. PIIII.AIIKI.I'IIIA HRICK COMPANY Cnn.ie'ty of 30,000.000 per nnnnm Kerbaugh Lime Company llidldera' Suunllea , CUSTOMERS' MAN Wuntnl I eatabllali'd liouae. drallnr In llnteil teciirltlca only. Muat be u nrodiieer nnd him a clientele. An uttmciltc prouo lt'on will he made to the rlcht man. Heiilr In eonlldenee. A 814. LF.IHiKK IIITKK TELEPHONE SALESMEN Ve have aeveral npenlnea that offer par mnnent nnd lirulltnW? ronnectlona with a pro-rn-mhe brokernce houae. Kvnerlenc. aucrcalveneaa and eatabllahed clientele are I per piry iiunllflcatlrina. Address 111 eon I Odi-nie for Inter l . I A 818 I.r.W.l'.It C1FFICK 1ft. Intb'.l II ft 20 1.. .. n 8 ft 2 1 Int'l Aar 3 Int'l Paper 4' I .. . r,o?4 Iow OenM 4 I 1 . . . 38 4 no 37 4 I 37 4 I irutM, tbMfiffl. That's what every person should do. Make a will which definitely and distinctly tells the disposi tion that is to be made of what you may leave. Then appoint an executor who will see that the terms of the will are scrupulously carried out. Come in and talk it over with us, there arc angles to this question that all should know. North Philadelphia Trust Co. Broad St. and Germantown Ave. Above Erie Ave., Philadelphia STROUD & CO. n.viscMi. nhvMllltK PI LP AMI PAPKIC tOMI'A.NV nrai .normuae u'.r riuiHinc I mm (jolu Honda Slnkln; I'uiiil Notice FIDKI.ITV TltCHT COMPANY. Truatee under the inortK.'icn of the Kentnore I'ulo nnd 1'iiwr t'oniimny, datad Augnat 1. IIIUT hereby KlV' a notice that, In purauance of me prmUiun of aala inortKaae, tucmi-ftu. (2,.) IxindH for one thoueano dollar. (Ilflihll each, tecurod b said mortEane, numbered 41 folloiva. B, 10. 22, 23 21 118, 174. 181 Illft, 201 2811. 3118 118. 427. 434 4(10. 470, .102. fl"0. 328. ft3ll. .".38 Aftll, .'.87 and 3113. have ben this day drawn for redemption at par '1 he ffiid lionda ulll be paid at tba ofnee of the Truatee, Fidelity Trust Corn pan. 82.'i Choainut a(ret. Philadelphia. P.nnolwinla. upon preaentatlon with al coupona due. after Auzuat 1. 1021. Coupon, duo Auicuat 1. 1021. are payable nt the of fice of Drexel A Co.. I'.illndtlphla. KIDKMTY TRUHT COMPANY. Trusts WM. P. Akst. President! PhllTdelpbli July 1ft 1B21. New Listings on Local Exchange . There has been placed on the renulnr Hat of the Phlladelvhla Htock KxchanKe 147,041, 300 additional capital Block of th. Amsrlcnn Telephone and Telegraph Co.. lsaued 1700 In eichange for 10()ii convertible 44 per cent bonda. due 1033; I2O.IH0 In exchaiace for 120.1110 aeen-ear 0 per cent convertible bonds, due 1025, canceled, nnd atrliken from the Hat of the eehanKi. nnd fl7.ilVii.3iiO. I'uina i'ii in rou.niii.iiiiii coveren in conr-i pan'a application dateil July 7. 1021 to be ' ll.tod upon official notice of luauance and liai inert In full, uevnunt of atock nllntment I authorized May 10. 1021 making the total I amount' of said atock Mated at thle date $107,072,600. and reducing the amount of ! convertible 4H per cent bonda listed in thla nnie to su.niT.3iH), nnd tne amount of con- , erllble n per cent bonda Haled to f 42.437. 000. The Rtoclc Rxchnnie lina been notired I that the ufllcea for the trnnafer nmf reclatrn- 'linn of the etoek of the American Hhlp nral Commerce Corporation In Philadelphia ami Chicago ulll be dlaciintlnurd ai of the cloee of huitneea July SO. 1021, after which dnte i the only trnn.far agent of the atock of the corporation will be th. (luiiranty True! Co. of New York, nnd the only reglntrar of the I nhnrra of atock of the corporation will lie the , luii'iiniiun ii... i i,, ui ".. luri.. Fair Activity In Raw Sugar New York, July 211. A fair nmount of ac tivity dev.l.ined In th. rau .umir mnrUet I yiaterday, sales by the Cuban Sugar Finance v iiiiiiiiuirn eniuuiiiiiitf in i lu.uuii Da.l or prompt ahlpnunt. nt 8c. coat nnd freight, it uhlch 83,000 bags went to local refiners and the balaic to the Colonial Sugar rte Oning Co., at New Orltans Salea nf un controlled sugars Included 11.000 tons Porto lllros for ahloment this mnmh and early i next at 4.01c. c I. f to the Federal Bugur i Itellnlr.g Co.; 11100 tons Philippines due late I next month, at 4.01c. c I i and in.iino I bags San llnmlngua afloat, nt 2Hc, r, I f . both the Litter Iota bilng taken by th.- Xnierlen Sugar IteOnlng i'i The local re 1 lined market la unchnnged w Ith list prices ranging from 3.8ftc to a.OOc, lean 2 Per cent for cash. ; Reserve Banks' Discount Rates i Off clal rediscount ratea at the twelve Fed- $5,569,000 The Detroit Edison Co mpany 6 First and Refunding Mortgage Gold Bonds Dated July I, 1915 Due July 1. 1940 Interest payable March 1 and September 1 Callable on nny interest dote on or before March 1, 1930, at 1 0 7 a nnd interest, from then to and including March I, 1935, nt 105 and interest, and thereafter at l02Vi and interest. Previous issues of these bonds are listed on the New York Stock Exchange and applicntion will be made to list the bonds now offered. Iteterve llanka are na fn Treaa. L.IH ctfa. Homli .L.SMITH&CO. INVESTMENT SECURITIES 1009 Land Tills Bldi. Sprues 6721.2 llostnn New York ... . Philadelphia . , . icieieiunu Illi'hmond 'Allanln M'blcaRo 1 St l.oula , M iini'.tpolla .... Kjiiisiib City ' Dnllin . . . tiun Lranclsca. . . pacoum rate S.H B Lawrence E. Brown & Co. CERTIFIED PUBLIC ACCOUNTANTS leiSO ItKAI. KSTATi: TIll'ST num. Inveatlgute and adjust corporation nnd partmrahlp accounts and picpaia Inconu lux Itsturna, Vi: Ilkra. Accent. lj ftu. n n n ii 3W iiirreannnd. ulth Imere.t rale imrne ny reriiiienies piengen na count rial, with minimum of ft per cent. U. 8. Certificates and Treasury Notes n i o n ii RS ftV. ftV, A II II 0 0 II 11 nda 1oh Com'l Pnper. il 0 n o" 114 ii ii un fffiht tJhaiS.1"?1"'1.,8.1"8"- nick nnd k to1 WaiSlrS ' tc",'". N"lH. Itlvetu 'd ir,n.uP',.1! "r Hora.sio.ra. .DNNELLV & COiMPANY Ofllce, 317 Vine street til vi. ..1 ...Warehouseai n'..r'biu133.4or. in l Main 4070-77 (j. S. PATTON & CO. Sn A rilKNTNIIT ST. BANKERS Siifreaanra Co 8AH,KI. r8TKVKNS0N Honda, nnd Hlorks.boutht. and Membera I Hloeki I'hlln. itbt ana sail Rtnek Kvehan. We Build Speciial Machinery ACWE (EA CO. N.W. Cor. 7th & Wood Sis.; Phlla. Inl Hate t-34 3V4 Sf 31 t34 Maturing Data . 1021. 1021 . 1021 . 102t 1021. I1I2L .March. 11)22 .lliu.l. lOL'' . June, 1P24. Sept Kept Oct , Oct . Die . IVb . ni.i loo A looH 100 A luo'i Aaked Yield KiO 0-82 4.33 100 7-12 4.33 1O0A 4.R3 100 l.ftft mil ll.n'i lno n.iin j tu :..; " :,'".v'1'- ' " inii'.b li'ii'i 100 A ll A Klfll, . I li- 1 00 A 100 A loos. 3 03 ft. 01 ft 13 ft.m ...if l.-AiMn( e.n.rt m.mial I.Iav., !....- . u . ... ""..". . "".i iiii;i'iiiv ins Jjkeceplable fur iiannenl nf Income lax duo rn date of niaiurlti. Colorado Fuel Passes Dividends New York, July 20. The Colorado Iuel and Iron i-o. paad the regular quorli-rl) dividend of 73 cenla a shara nn the common stock, due at this tlms. The regular quar tsrlr dlvldeiid of 2 a share on the prsf.rrcd s(ocltTwas declared, parable Augustus to stock of record August 3. The Detroit Edison Company does the entire commercial electric lighting and industrial poer business in the City of Detroit, now the fourth largest city in the United States, and in an extensive adjacent territory in the State of Michigan, serving a total population estimated to exceed 1,389,000. The Company also does a steam heating business in the City. The Company has long had the reputation of being one of the best man aged properties of its character on the continent. The conservative policy followed in the Company's financial progess has always attracted the attention of the discriminating investor, with the result ihat the security issues have invariably commanded a favorable reception. EARNINGS AS OFFICIALLY UBPOnTKIl KOlt THK YKAR ENDED JUN'K 30. 1921 Gross Earnings $23,305,749 Operating Expenses, including Maintenance, Depreciation Reserve and Taxes 17,849,152 Net Earnings (Subject to adjustments at end of fiscal year) . . $5,456,597 Annual Interest on Mortgage Bonds (including present issue) .... 2,632,390 Blilance $2,82"47207 NET EARNINGS ARE OVER TWICE ANNUAL INTEREST ON MORTGAGE BONDS On the basis of present market valu es, the junior securities represent an equity of more than $40,000,000 over and above the mortgage debt. We recommend these Bonds for Investment PRICE 88 AND INTEREST, YIELDING OVER 7.15 These bonds are offered when, as and if issued and received by us, and subject to final favorable legal opinion. Coffin & Burr, inc. Harris, Forbes & Co. New York New York Spencer Trask & Co. New York First National Co. of Detroit Security Trust Co. Detroit Detroit which we regard as reliable, or are the express.on of our belief. 7T LllLi,t V Lxtl. lmi. v x.wJh .JtiH.r. MATKINH f'OAI. COMPANY TO THK 11(11. DK.ItS OF KIKn-fKN-YKAIt M I'M'. ('KM' llONim ISSt'KI) I'MiKu MOItTliAIlK 01'' IIKf'UMIIKU 31. 1000. You are hereby notltled that the under elirtied Trustee will rec Ive ofrera fox th" purchnne of bonda from the Hlnklnx Fund provided for by eald mortf;ai:a up until ielvo o'cloik noon on the thirteenth day of Auxuet. 1U2I. OITrra should stnta IU" numbers of the bonds and the amount for . hlrh the en me may lie purchaeed by the Truatee. aleo atate that all or nny portion of aame ul I be aolil at anid rlaure. THK SCIIANTON TIll'HT COMPANY. Tlll'KTEB ' 310 Spruce atreet. Hera nt on Pa Prniioanla Di:LKU lH()lt)S.VL.1 MHO. II li HE- celed at the olrke of the iSuperlntentTsnt of Public Uruunda and Uulldlnxa of the Com. monuealih uf Pennsylvania at Harrlibura Pa., until 111 o'clock A. I (Btan lard Time) Tueadaj. Auxuat 2. lull, for the construc tion uf new auuth Otiuo Xlulldlnj In Cap.tol Park Harrlsouri:. Pa., lomi.unit or t01 tollowlnn work: 11) Granite work. 2) Cut cast stone, 31 Indiana limestone as an altarnats far cranlte above tlrst floor level, (4) llrlck worlt. (5) Watcrproon.is; and concrete nil, !0) Tile aird copper rooflnv and akyllrbta, 7) Metal wlndew framea and aasb. H) Palntlns and ilazlns. (01 Hurnintir and lumber. (10) Plumblni: and drainage. s sst forth In the plana, and apeclflcetioiu Jrepared by Arnold v. urunner. architect. 01 Park as.. Neir York City, and known aa "Contract No. '2." Plans, speclricatlons and bidders' proposal forms can be seen at the ofilce of the Super intendent at Iliiirliburr. Pa., or at the office of the architect. 101 Park ave,. New York City, Contractors may obtain one sst of the plans and speclttcatlona oral blddlns; blanks bv nepoaltlnt; the sum of Twtmv-iue (fs.oo) tlntlara with the HUOurtntendent or ArH.f.n. ! Additional copies may be obtained by deposit.' I luc the sum of Ten tilO.uO) Dollars for saon exira aei requireu. The deposits mad by each contractor will ba refunded upon the return of all sets tq ood order. No propotal shall be considered unless accompanied by a certified cheek drawer to the order of the Commonwealth of Pennsylvania as follows: IJlda totullnr lais tfcan One Hundred Tnouaand Dollars (llou.. 000 ()0). Kite Thousand Dollars. The board reserves tne rlaht to relset any or all pronoaals. or parts thereof. l)y order of the Hoard of Commlailonare of Public Grounds and IIuIIiIIues of lbs Commonwealth of Pennsylvania T. W. TKMPUITON. Superintendent. PAMl'FC rr HAMrto Peeretarr MCM.IUr PIIOPOSAI.S WII.I. UK HB- elted nt Un.nn 'Jill, City Hall until 12 o'clock niein on l'rldn, Auxuet S, lllll, and npenid nt that time In Hooin I'll), 111 Halt for Sch' dule A llranch aewera (Schedule H Main aewers Charles street, from present termlnUN southwest of I.ona; ehore street to Ionaahore atreet In (.one shore str. et from Charles street to Ollmore street, nnd n dllmorc strtet octHrsn Lone ehore urict und Tyson atreet. Nnptle street, from present eewer north went of i .ttiiK teet to Frnnkt ird arnu Pratt sireit between present terminus iinrthweHt of n.ikland atieet and ihe present fewer at I-i-rettn street. Vrnaiun atnet between lln present seu-er east "f llen atre.t and Kdxemont atreet WisviMikori io -level interieptlna" sewer thrnuah P.urmuunt Park from the present emrr eiiutheiHt of llieen lane northwardly loward (Soricaa Inn.- rlrliclule C MIiiko f re. k Pumplnx Statlont Sturuae tanks for foil oil. lmiulre ui ltoum till, City Hall rilANIv II CAVEN. Director. MVI.KI) 1'IMIPOSAI.N FOU THK jyifl.OY. ment of IT. ft men more or less In the ebons of ths Na' Cm tie County Workhouse will lw received at said Workhouse on An aunt 1. IUJ1. bach proposal muat ba accompanied by speclfU n tlons of the kind of work at which the men will be employed. Ihs term of employment to begin Decern ler 1. 1021. and to run for one or more ara Th. Trn' reserve the rlxht to reject nny or all bids Tor further Information address M. H. PI PvrjiK.i H'arden Ni:W CARTI.R cnt'NTT WOIIKUOUBR flreenank. Delaawra hli.VI.Kl) P11OP0SAI.K WIU. in: OPKNISD b the Hivl of l.lxhtbnuses. Haltlniors. Md '2 P M Amx. 18. IDtt. for Wralffi and nlailriB riprap nt Phnulnnk lllrer l.lrM Ht'.lton, Mil tiifor.nilllnn -v fitmlleatlnw. IHcJdemN TIM OIK.XHI) NATIONAL IIA.NK Phllailo'lilila July 2Hth. I Oil. Ihe lloaril nf Dlieelnra has this iUl de. ilnrnl a iiiu-terl dividend of (lie per rent l.V,',) POjabH AuxuM lat, 0?l, to slorkliolT. rrs of rerd ?.t Hie i lore of business' July CheirV will be mailed V M. ABIITON. Cashier. rWKWTIHi XOTICK r. . ... : .; 7-.. i .i'i 4t pinnule, )ui, j,via.n oiu mi erocsry bus. I lotn at.; creil lore tP K ts Orqawan liVoL. Bad -i . &.. . W Sli;Iilitv' H 'I m W m f's i xi
Significant historical Pennsylvania newspapers