ssHWWfCJV.uV.uktJk,...1,. ' - ,.il... PUf.i.ns-,Wrffll rj7;-rvF'W't v ".rr!55wWrfwwV'ttcsi . it- u w .' ij;' " . .' . ,1, . ,. ,; ...- , ..,-T , -, ,.y'& - - .'. to." .... ,. -'--""- nnHiliflMTBniWlflfitMl M II1U1MJ I I I lllll n wmm- . T?- "KW.tn u " wrsOTW "cbt? v V , " . T . 'Tkjtfc'.' :I T ..vi JflVJ&NJLNi PUBLIC LEDQEKr-PHlLADELPHIA, THURSDAY, AU0UST 4 1921 6 t ni B I. M A - 4 tV '- M s J! 11 Publit UtiKty Bonds & Stocks in the following markets: Atlanta Augusta Baltlmoro Boston Buffalo Charleston Chicago Cleveland Cincinnati Columbus Denver Detroit New Haven New Orleans Milwaukee Minneapolis Philadelphia Plttabuif? Savannah St Louis SprlnRilcid, 0. Toronto Washington Wilmington Havana, Cuba Reached by our Private Wires A. A. Housman & Co. Member New York Stock Kxeh. New Tork Cotton Exch New Orleans Cotton Kx N.T Coffee ft Sugar i:x New Tork rroduce 13x Chicago Hoard of Trade Associate Members of Liverpool Cotton Ass'n 20 Broad Street, New York nn.Ncn omens IS Writ 33d Street. New Tork Liberty lliilldtnr. Philadelphia Woodward nulldlnr. Washington Amsterdam, Holland MARKET BACK INTO VERY NARROW RUT Both Sides Disposed to Mark Time Ponding Some Now Incentive lON'T SEND FOR THIS BOOK of Graphic Charts UNLESS you've made up your mind you wish to take advantage of the present ne cr-to-come-ngain opportunities in tht STOCK MARKET. While the edition lasts copies toll! he gladly sent upon receipt of too in stamps ta Astray cost of mailing, Write tor L-iO. J. F. McGOVERN & CO. Member of rhlln. Stock Rxehnnt; 1430 South Peso 8a.. rhlia. prn.ee 6416 Bute .1188 Order executed In all Markets , New York) 32 llroudwny Pra?tl 5 of 1903 A direct obligation of the U. S. of Brazil also secured by specific taxes on customs revenues. Yearly income 86 at present rate of Ster ling exchange, and over 11 at normal rate. If called at par with Sterling exchange at present rate, profit 64, and at normal over 120. Descriptive circular on request. $ame, Wtbbtv & Company ESTABLISHED 1880 Members .V V. Stock Excftanoe 1422 So. Perm Square PHILADELPHIA New York. Atie. 4. Today's stock I market was heavy at the dart, but be I fore mid-day braced up niniii ntid re trieved virtually all the. lost ground. In the meantime there wiih a pro nounced contraction in the volume of dealings with every indication of the market working into the same narrow apathetic rut It occupied the jsreater ' part of last month. I Yesterday's realizing movement ap parently took a K"wl bit of the wind out ! of the nails of the bull campaign. Yet on the other hand, the reactionary party following the traditions of the Street were Indisposed to extend short commit ments in face of the increasing dullness. In consequence the bulk of the opera tions reverted to the smnll-fry traders, theicby restricting violations to nnr row limits. Hither side found little encourage ment In the overnight developments, and for the want of something else to talk about, discussion centered largely around the possible dividend changes on certain industrial stocks. The month is likely to make some interesting his tory in so far as dividends are con cerned, for u number of meetings are scheduled, among which are quite a few In which there is considerable misgiv ing as to whether the current distribu tion can bo maintained. Kffort to make some capital out of the reported further drastic cuts by the Ford people was anything but success, ful and the Incident was promptly elim inated as a market factor when em phatic denial of the reductions in tho different classes of the cars was made by the I'ord olllce. Effect on the motor group was also counterbalanced by tho renewed strength and activity In Stude baker. The opening market was Irregular, tut with an easier tendency, which be came more pronounced In the first half hour. Selling orders did not follow prices down and the market began to show a little more stability In sympathy with the confident absorption of the motors. Domestic nnd international monetary conditions weio regarded fa xornbly, the large lnllux of g)ld hero, nnd strength to foreign remittances, sterling rising I'.jc, causing a check to speculative selling. Short covering was an obvious factor on the rebound, but there also wtro signs of renewed accumulation of representative rail roads with pool cporutlonH in e-ome in dustrials. American Sugar recovrred fully and the rcncral list got back to a parity with yesterday's close or abote. SLIGHT CHANGES IN LOCAL STOCKS NEW YORK STOCK EXCHANGE TRANSACTIONS , Profit-Talcing in Pennsylvania ! Railroad and Electric Storage Battery I Diversified dealings again marked the I operations of the local market. Tho 1 volume of business was not large nor , were the tirice chanci s of much conse quunco. Altogether it might be said ' the market moved along on a pretty ! even keel and what few exceptions oc ' eurred were generally confined to ob i scare or inactive Issues, i Continued nrotit-tuking was In cvi- i denee In Pennsylvania Hailroad. rnus- ntv. Sale In t Hlh 10u .. Alaska Gold Mines... H 00 4 Allied Chcm & Dyo... 31 H 100 4 Allls-Chahners 31 Ji 100 . . Am Agrlc Chcm pf . .. 60 00 .. Am Can 28H 00 7 Am Car & Fdy pf . . . . 109 )' 100 . . Am Hide A Leather pf 3 10 6 Am Ice pf 63 1830 .. Am Intenmt Corp.... 35 100 .. Am Linseed 3JJa 10 0 Am Locomotive 84 ft 830 .. Am Safety Raior.... A 11310. t Am Sugar rtef 7 100 7 Am Sugar Itef pf 88J '0(1 s Am Sumatra SO 100 B Am Tel ft Tc! 105ft 100 12 Am Tobacco 123 200 q Am Tobacco pf new. . . 00 H 7200 7 Am Woolen 71H mo . . Am Writing Taper pf . 2.1 100 .. Am Zinc Lead & Smlt 300 . . Anaconda Copper .... 100 . Assets Realization . . . 100 4 Abso Dry Goods 13J0 o Atch Top A Santa Ke. 300 Atch Top & S P pf . . . . 100 7 Atlantic Coast Lino. .. 10000 .. Atl Gulf & W 1 S S... 1300 . . Atl (Julf A W I S S Df 23i'2 100 7 Atl lleflnlng pf 107 500 .. Atlantic 1'et 13 4300 7 Baldwin Locomotlvo.. 78H 'io . Baltimore A onto 100 7 Bethlehem Stcol 7.. 2000 8 Bethlehem Steel B.... 00 . . Brklyn Rapid Transit. 100 .. Butte & Superior Con. 100 .. Butterlck 2014 300 ., Caddo Central OAR. lift 500 a California Packing ... 03 150 2 Calumet A Arizona... 8 1100 lo Canadian Pacific ll?i 300 .. Chesapcako A Ohio... id Ji 2300 .. Central Leather 34 1500 .. Central Leather p.-- 9C'A OSOO 6 Chandler Motors 49 500 . . Chicago Mil A St P. . . 2SH 100 .. Chicago Mil A St P pf 43H 400 a Chicago Northwestern 0SU 2000 .. Chi R I A Pao Sift 100 . 0 Chi R I A Pao 6T, pf. 00 100 7 Chi, R I A P 7 p c pf. 77 2J0 .. Chllo Copper 104 200 .. Chlno Copper 23ft 'too .. Colorado A Southern. 38ft l'jflj .. Col Grnphophona .. 4 100 . Col Graph pf 18K 100 4 Comput Tab Records 32 ft 500 . . Continental Candy ... V 2300 s Corn Products Ref . . . 09 17002. SO Cosdcn A Co 2SS 8 3714 1ft 30 ft 88 78K 87 24' 30 ? DO 62 12 12 M, 1400 800 100 100 25 300 200 700 1100 2700 100 200 1000 100 9000 NOO 900 200 3300 100 300 300 300 200 210 1000 2600 100 100 1100 100 600 200 300 700 200 1000 4 Crucible Steel SOH .. Cuba Cane Sugar.... lift .. Cuba Cane Sugar pf.. 27ft 2 Cuban Am Sugar 10ft 10 Del Lack & Western . . 203 .. Denver & Rio Grande. ?i .. Denver A Rio Gr pf . . I'i 5 Kndlcott-Johnsoa .... 60ft .. Erie 1H 8 Famous Players L. . . . 8 4 Federal Mln A Smlt pf 21 10 Fisher Body 89ft .. Flsk Ruhber 0ft . . Gaston Wms A Wig. . . 1ft .. General Asphalt '3ft 8 General Klectrio H8ft 1 General Motors 10 .. Goodrich B F 33 7 Great Northern pf . . . . 77 Greene Cananea Cop. 20ft . . Gulf Mobllo A Nor pf . 20 .. Gulf State Steel 35 4 Haskell A Barker Car. 58 . . Homestake Mining ... 67 .. Houston Oil SSft 60 Indlahoma Ref 24 7 Int Harvester new. . . . 75ft .. Int Mer Marino lft 6 Int Mer Marino pf . . . 5?4 .. Intornat Motortruck.. 32 .. International Nickel.. lft .. International Paper .. 62 ft .. Invlnclblo Oil Corp... 10 .. Island Oil 3. .. Kansas City Southern 20ft 4 Kansas City So pf 50 4 Kelly-Springfield Tire. 43ft Low H 88 Ji 31J4 60 28 109 S3H 63 33 Ji 23 ft 8334 4ft S4H 88 ft 49 iojh 123 90 ft 60 23 8 37 1ft 30 ft 83 ft 77 ft 87 22 ft 20 tov 13 78 39ft 90 61 13 124 20 ft lift 01 48 114 ft 60 33 ft 65ft 48 2Sft 41ft 03 33 60 77 10 ft 23 ft 38 4ft 18 33 ft 68 28 ft 65 10ft 27 ft 10 ft 203 lft 00 ft 14 40 21 88 ft Oft lft 63 118ft 10 33 75 ft 20 ft 20 33 57 67 55 3 73 10ft 4S 31 14 ft f2 0ft 2ft 20 40 42 ft ft 'ft ft 1 lfti. it 1:30 Net p. it. Ch. ft 37 31J4- 00 2Hft 109 -S3-63 35 35J4 84 - 4 14 67 88ft 60 105 -123 -9011 71 1 23 8 31ft- 1ft -78- 87-1 24 ft r Hi 22ft 314 107 - 3ft 13 .. 78 39 90 61 JH 13 12 20 ft llft 2 4S 115 -Sft -48ft 28ft -13 ft-07-33 (10 77 10 ft 23 ft f 3S -4 18- 32 ft f 08 28 -56 ft 10ft 202 lft 47 ft ft Oft -lft . 54 -118ft- 10 33 70 20 ft 20 -35 - 55 -57 53ft 2 ft 75 lft 10 ft 45 33 14 ft-32- 9ft- 3 36 ft 50 -42 ft - Vt ft ft ft ft 2ft 1 ft V 1 ft ft ft !' ft ft ft Si ft t!s ft ft 6ft ft ' ft ft ft lft ft 1 ',; Dlv. Sales In I 100 ato 1100 300 190 100 200 100 6500 100 1 Illrh 8 Kelly-Sotr Tire 8 Df. 81 .. Kennecott Copper ... iH .. Keystono T A R 14ft. . . Loewo Co 12 1 Loft Candy Oft 4 Mackay Co pf 65 10 Mnnntl Sugar 33 ., Markot St Rwy 3 12 Mexican Petroleum .108ft 2 Miami Conner 21 1000 1.60 Middle States Corp... 12ft 200 .. Mldvalo Stocl 25 250 7 Minn St P A S St Me. 71 100 .. Missouri Pflclflo 21 100 .. Missouri Paclflo pf . . 10ft 100 . . Nov Con Copper 10 1000 5 New York Central,,.. 73 ft 100 n N Y Chi A St L 2d pf. 01ft 100 2.80 New York Dock 33 100 5 New York Dock pf... 51ft 00 .. New York N II A II.. 17ft 500 7 Norfolk A Western... 97 S600 7 Northern Pacific 70ft 00 . . Okla Prod A Ref 2 300 7 Otla Steel pf 60ft 21)0 8 Pacific Oas & Eleo. ... 60 2000 . . Pacific Oil 37 600 6 Pan-Amer Petrol .... 60 400 n Pan-Amer B 48 200 , . Penn Seaboard Steel. . 8 3200 2 Pennsylvania R R.... 38 800 .. Peoples Gas Chicago. . 65 100 .. Peoria A Eastern 11 200 .. Pero Marquette 20 ft 4000 .. Plercc-Arrow Motor.. 14ft 1600 .. Plercc-Arrow Mot pf. 32ft 800 .. Plerco Oil 7ft 100 8 Pierce Oil pf 40 100 .. Pittsburgh A W Vu. . 27 200 8 Pullman OS 100 .. Punta Alegro Sugar.. 30ft 500 4 Pure Oil 27 ft 100 .. Ray Con Copper 12 ft 3890 4 Reading 70ft 109 2 Reading 2d pf 41ft 100 . . Replo Steel 23 300 .. Republic Iron A Steel. 48 1000 8.20 Royal DutcJi N Y 52ft 300 .. St Louis San Fran. .. . 26 100 . . St Louis San Fran pr. 38ft 200 .. St Louis Southwest Df 37 100 . . Santa Cecelia Sugar I 2ft 000 .. Sears-Roebuck 65ft 700 .74 Shell Transport 37 1100 .. Sinclair Oil 20 2000 6 Southern Paclflo .... 79ft 400 .. Southern Rail 20ft 400" .. Southern Rwy pf 47ft 200 4 Standard Oil of Cal.. 73ft 200 s Standard Oil of N J.. 137 ft 200 7 Stand Oil of N J Df... 107 ft 100 7 Steel Tubo Df 70 10o . Stromberg Carb 31 32300 7 Studebakcr 80ft 300 1 Submarine Boat Corp. 6 100 .. Superior OH Corp.... 4ft 200 .. Temtor Corn A P "A" 7ft 1000 s Texas Co 30 ft 700 .. Texas A Pacific 25ft 100 1 Texas A Pao C A O.. 10ft 300 (1 Tobacco Products .... 89 ft 100 7 Tobacco Products pf . . 85 1600 .. Trans Con Oil 8 100 8 Union Bag & Paper. . . 02 300 .. Union Oil 20ft 1300 10 Union Pacific 122ft 100 4 Union Pacific pf OSft 1700 8 United Drug 50 200 6 United Fruit 104 300 3 United Retail Stores.. 64 700 . U S Food Product. . . 17 200 .. U S Ind Alcohol 51 300 .. U S Realty A Imp.... 60ft 1700 .. U S Rubber 64 300 8 U S Rubber 1st pf . . . . 97 0400 S U S Steel 75 200 Utah Copper 4Rft 400 . . Vanadium Corp 30ft 200 . . Va-Car Chemical .... 23 2300 . . Vlvaudou Ino s 400 .. Wabash pf A 22ft 100 2 Wober A Hellbroner. . 11 300 4 Westlnghouse 13 A M. 43 ft 200 C Western Paclflo pf . . . 03 100 . . Wheel A Lako Erie pf 7ft 100 .. White Oil Corp h 1400 . . Willys-Overland 7 X00 .. Wright Aero 9 Low 81 10 14 ft 11 J4 68 32 a 107 ft 21 "W 35 71 21 . 40 ft 10 72ft 01ft 33 61ft 17 7ft 78 lft 68 65 ft 30 60 43 8 38ft 55 11 20 ft 14ft 30 7 40 27 04ft 30 ft 27ft 13ft 70ft 41ft 23 47 ft 61 34 38 ft 37 2ft OSft 31 20 78 20 40 73 137 107 ft 70 31 79 ft 5 4ft 7ft 30 25 ft 10 ft 68 86 7 62 20ft 122 CO ft 54 104 54 ft 17 ft 60 80 ft 63 ft 97 75 ft 48 ft 29 ft 23 7ft 22 11 43 ft 63 17ft 8 0 9 1:30 P. M. Net Chire. 81 ft 19- ft 14ft .. JU H- ft- H ss 32 - 3ft 3- ft 10' y 21 -19 - 28 71 21 -'40 ft 10 - 73 ft 01ft lft 33 - 61ft 17 - 07ft 79 3 68-8 601 30 60 -43 - 8 38 65 -11 20 ft- 14 ft- 30 - 3 ft ft " ft "V. ft ft ft ft 'ift 7 - 46 30 ft 27J4 ft - 41ft lft 1.3 2ft 48 ft 82 4 24 38ft -37 2 ft -esji- 37 20 78ft 20 137 ft 107 ft 70 -31 79 ft 6 4ft . 7ft- 36 23ft 10ft 68 -88 - 7 ft 63 20 ft 123 06 ft 65 ft- 104 ft 83 . 07 75ft , 48 ft-29ft-33 - 8 23J4 11 43ft 08 -17 ft 0- 9 - MOTORS CONT IE DECLINE ON CURB Locomobilo Selfe at Fifty Cents. Market, Generally, Shows Botter Tone New York, Aug. 4. A better tono was shown to tho trading on the New York Curb market today, although an increasing demand was confined to n few issues, wuich have been steadily held for some time. Tho motor stocks continued weak, some of them reaching still lower lcvlls. This was the case in Locomobile, which sold at CO cents a share. , HwcqtB Co. of Americn sold at 2 and United Itctall Candy at Hi, both falling to maintain slight advances re corded in yesterday's trading. G'cn Aldcn Conl was unchanged nt 34, ns was Chlcngo and Kastern Illinois at 14. Commonwealth Finance yielded to 47 and preferred reacted to OVA. Goodyear Tire moved up slightly frdiu yesterday's final price, selling at 13. nud Ilcydcn Chemical made a fractional Imnrnrimnr nt 2. Several of the petroleum stocks showed Btrengtu, prominent nmong them being Standard Oil of Indiana, which gained more than 1 point to 719. later reacting to 71. Anglo-American Oil was steady at 15 and Atlantic Lobos ranged from 12j to 124. The in dependent oil stocks were without ma terial change in their trading position. Gllllland Oil Fold at 1 to 1V5 nnd Slmtrm was traded in at 7. Cities' Scrvico common yielded to 118 nnd tho Bonkers' shares were 13. INDUSTRIALS Bond prices are advancing It is still possible to obtain sound invest ments and high interest rates in the following: Price 93 Approatt'mafe Ohio Power Company 1st St Ref. 7i, Jan., 1951 , Libby, McNeill & Libby lit 7t, May, 1931 French Government Non-Callable 7yji, June, 1941 General Asphalt Company 8s December, 1930 100 H. Q. Wilbur & Sons, Inc. 1st Sir Jupe, 1930 9514 96 99 Yield 7.60 7.70 7.85 8.00 8.05 ELKINS, MORRIS & CO. LAND TITLE BLDG., PHILA., PA. Members New York and Philadelphia Stock Exchanges High ,1(10 , 12H 7 Acme Coil . Amer Leather uetn -Motorn (.tilcaro uom Com Durant .Motorn .n aro & i:at 111 14U Finance 4J?f rinftneo pref 12n KniDlre food Cllen Ahlen Coal Goodyear Tire . . Htilnoa Knlttlnr 11 Libby McNeil . . . . 74 Locomobile 31Vj aiU ,8.. 11 VI Commodity Markets GRAIN MARKET Chicico. Aug. 4. W heat started un- Pennsylvania Hailroad. cans- '" ' a.P i wer for September and , ""2r- " ing n recession to M or , under yes- 1; "T. - (or December, with general c" and f i... .......-. vaiiia nitpiiuini - . . 11 ..,. iiiimu lie, ton Albany New York Chlru: Hartford 1 tenia s ton nriep. Some attributed the selling to misgivings concerning the outcome of the controversy over the 1 vote question of the employes. The ! fact, however, that the stock at yester dav's top price was nearly 7 points above the recent low level invited profit taking bv thoe who had the temerity to pick up the stock when dividend prospects were gloomy. Furthermore, thl represented un unusually wide movement for tho stock. In addition, the incomo return nt the present price ..; i.nimo. o,.lllnc nt the outset There were indications of additional liquidation through a leading commis sion house. Receipts inspected yester dav were 2."b cars ; last year lt4 cars. The cash market was firm with basis .c to y.e higher compared with fu tures. Milling demand was fair, but .Titnrt tnnnlrv WHS slow. --!:."- . -".;.. ...i - The seaboard mie yesivruuj - u- . LIVESTOPK QUOTATIONS riitmiro, Aub 4 CATTLE Kecolpto, 0000 bead, lleiter eradea brel eteers atroiiK to 13c lileher; other iradea nnd clause alow, etcudy. 1'uw prime jearllr. siO.fiO. load loo, Slll'S, bulk beef stoore, J7 2300.75. hulk fat .h. Mtnrk S4.riO?f H.7iV Cllltier. and cuttora mostly. $2.3003 60, bulk bulls, 14 30 veul caie tamely, iudu.ju, siogi. feedern atronir. IOUS Iteceli'ts. 31.000 head. Markot, ISc to i.'3o lower than yesterday i aveniBo, racking grades slow, others (airly active. Practical top, 111.30: bulk light and Heht butchers. $1U.85W11,L'5, bulk packing sows. 19.. W0. 75: pigs slower, and bard to move. SHKi:P Receipts; 18,000 head Hheep nnd native lambs about steady, ueittern lambs strnrur to higher; native lamb top, early $10.50 to city butchers Practical top, 110, Western lambs. 110.73, .Montana wethers. $3.33: bulk natUo enes, UiH.'ii, few at (5. x .,nrt..,i T.idilliiff 4',.l' over September. nttsbuirh, Aur. 4. upas Receipts. ','., ".i'.V.j ...1.1, ..ralnns nles on 2300 head. Market lower Heavies. Jlli jjw. n,i fc.....r. - - . l which compared witn prcwuua '""" n.40; heavy, light yorkers and pigs, $1 is less attractive than some of the bonds basis o ' " uuu, xi,iinBP AND LAUBS-n.ctlf. 600 head, "",', ........... . ,.... fnr ' Steady. Top sheep. 18.00, top lambs, 111. Corn opened l! to 7C ww ior , CAIA.ES aecelpts. lbo heaj. steady, September, and 'gC higher to 4c off for , Top. Jll.BO. December, lth a small trade hell ng Au 4.CATTLE was not important, lucre nun mui ncoipti, 423 head, stcsdy, cles. ra- .lomnn.l I cflpts. Bioneaa. Bieaay; orio. CONSERVATIVE I INVESTMENT Duquesne Light Company, Pittsburgh, earns nearly twice all interest charges. It has paid dividends at 7 or more since 1913 and has now outstanding $18,226,000 of common and $5,763,000 preferred stock. i We offer Duquesne Light! Company 15-year T'z'Jo Con-i vertible Gold Bonds, due 1936, at a price'to yield 7.65. I Tex Free in Pennsylvania. p Circulars on application. HAHPER&TURNER Investment Bankers Utmbrrs of PhlladslpMo Slocfc Eirtanje Stock Exchange Building Beranton Philadelphia Heading of the company, quotations of which offer a bigger return. Klectric Storage Unttcry after its un interrupted rise of the last three or four weeks ulso met realizing. Some profit-taking win likewise accountable for n slight shading of the Philadelphia Electric preferred. T. G. 1.. after opening at ,1l'a. fell back to 33"-i. All hands are watching City Councils and the Administration to see what form of relief Is to be granted the company. In the interim trading In the stock remains perfunctory. Philadelphia Stocks Financial Briefs aay eiimiiu. . . , j . i i.... HL,OS Receipts. 2400 Oats started unciiamjeu 7V lower. Heavy. Ill.Bonil. 75 - yrtntanihor nnd iinnnanceci to vm; mi i 12.2a: vorkr. Ilul for December, with selling of the latter j CJ-a" f", h,aa by 8 leading comnnsaiuu ukuj. Bteady, unenancea. head: 80c to 7Be m x-a. J 12U' orkers, light yorkers and pigs, I12.2B Low 1.18 P. SI. Net chge nigh R Am Stri 1st pref. OVf 'Si Am Sugar aWn lAm Onw.. 3'J 111 LlecStor.llO'ri 10934 110 .. 4T, do cashtlOO 10!)i 100" . . in r..n tnt IOtZ 10T' lOTi U nrivs ono's 3: 031 i 0.V-S -00 COTTON MARKET New York. Aug. 3. The cotton mar ket opened firm today nt an advance oj 12 to 15 points. Tho South continued its active selling pressure at the 13c level for October, but heavy T all Street and commission house buying absorbed n, ff..rlnffR and carried that delivery to 13.10c In tho ilrst ten minutes pr 22 points abovo yesterday b close. The BANK CLEARINQ8 Dank clearings today compared with cor responding dar last two years: iikm i(i:j 1910 . .tOl.OOO.Ono 170,821.101 $72,000,103 .. 82.738,047 67,713. 60S 68,701,700 rhlla. Bolton SHAW TAKES FUNG AT U. S. PROPOSAL TO TAX FILMS ..iT!"1 .vfr5e P.rlcJf Jf.tw'n,y otlve Indus- rial stocks declined 0.24 per cent yesterday to CO 71. wh le twenty railroads were oft 0 70 per cent at 74,42. ,,u ..''A,.SoH,h fort? n,co Sufar Co- ' under rf.t0 bK r''nntng som. sort of financing, directors havo resolvod upon an Increase In the 8 per cent preferred etock. which may fe ofTered to presont etockhoJdora with a iMU.,i cn?mon. Details of the plan are etlll under discussion. Rock Island's net operating 'ncom. nt $1,180,238 In June wa, tbe largest for any menth of tho year to i i,h .1. J." Hon of March, and contrneted sharply with 1620 K11 ul -u-,-oo in June, Vhat fa nerliRTiq a (rti. ln.iniAn .. mrked Improvement In the general oredlt situation in seen In the enormous subscrln ""..V th rco!J.t iues of B'i per cent nnd BU per rent Treasury certificates of Tn- ?s.:v..,iiitr:Li!lh lha low,r mon,y In July, the first month of the new fiscal year, there was a reduction In war debt as represented by Liberty Honda and Victory J,,1,T8..V.l2O'.809'.n50' whlcl compares with $14M47,40B In June and with $49,814,600 In ray. Mercer Motors Hweets Lo r ' u H.Hhip corp -1 U B Hteam 33,, United ellt Candy O'.i AVIIlys Corp- 60 STANDAIII) OILS Anclo-Vmer Oil 13J4 Atlantic Lobos i-? Ohio Oil 20 Stand Oil of Ind 71"i INDEl'KNDKNT ICI3 Allied Oil B Allied Oil now 80 Moone Oil 20 Boston Wyoming SI Onrlb S'nd 4S Cities .Service (old) lis. 3 Cities Hcrvlce "U" ctfs... 18V Cities Sen Ico pref 43 Cushlng I'et 10. Ollllland Oil pref 1'i Ulenrock OH 02 Hudson Oil 18,, Int l'etrol ll'l Staracalbo Oil 21 Merldni, 18 Mexico Oil 84 National Oil N J pref 8H Noble 18., Omar Oil l'.i Red Rock Oil 33 Sapulpa Ref 3 Slmms ret ., Hkelly Oil 3T Texas Ranger 4 Texon 01 Vioodburn uu MININO Alaska I3r Columbia .... 33 Arizona i'atagonla 68 iioston & Montana, .- Creeson Oold Hi Croscent SlacNamara .... B Divide Ext 13 Eureka Croesus BO Uoldfleld Florence 48 (loin zone 11. , Hecla Mining 4 Si MacNamara 10 Magma Copper 1". National Tin 03 Nevada Ophlr 28 Rex Cons 0 Silver Mines lrV Hllver Kli.v of Utah 2 Tonopah Divide 77., United Kastern 2V West End Con 73 Wllbert 1 200 7i Canadian Securities WE take pleasure in announcing that we have opened, in connec tion with our general investment busi ness, a department specialising in the purchase and sale of Canadian Securi' ties. Close wire connections to Toronto and Montreal, as well as our Canadian banking facilities, enable us to render prompt and efficient service. Correspondence solicited Chandler & Company New York njooxroxAno Philadelphia Boston iionds Allied Packer C . . Amer Tel fli t024 Anaconda 0s Anaconda On Anaconda 7a 1020. .. Armour 7s Ueth Heel 7 103.',.. Ueth Steel 7s 1023.. Chicago Un Bta UHs cotM uas B ,104 104 Copper Export 8 Copper Export 8j uulena 7s 100 100U 1022....1O14! 101 1U25. The annual report of the Missouri. Kansas and Texas Lines for the year ended December ... ,., uu.h iu cuniuna&iea reaerai and corporate Income account, shows a net loss HUM. I..t as com: year. n Increase of $11,080,800 as compared wltri -. ...vuuiw ni;vHjuni. snowa a net loss last year's operations of J7.301.870. npared with IS.102.084 In the previous uross Income aggregated $73,014,787, purchasing was stimulated by flrmneivs Sayo American Audiences Must Be H- 7415 1 20 U.. 03 .. .-.3 1 43 01 )a . Late Developments Each issue of our Market Iteview contains timely information concerning numerous companies and conditions in the various lnduatrles. The current number includes: Elk Baiin NlpUiing Qtiet Service Midwest Refining Anglo-American Guffey-Gillespie Swift Internacional Ask for N-eiS E. D. DIER & CO. Stocks Bonds Grain 1435 WALNUT STREET PHILADELPHIA Itnroce 0818 Rure 6001 Hm Vork 30 Gen Mot 10 2.'i Int Harv 74Va 10.'. I Co X A 20 Vi 4.- Key Tele. 8',, 120 f.eh Xav 03 3D I.eh Vol.. 53 15 Lit Bros. 25 5 Pa Cent'l LiP p( 43 814 Pa K It.. Z$t 100 rhllu Co. 3t 245 do cm pf 31 "j 222 PhlloEIee 22'1 130 do i.ref. 20a, 200 PhllaUT IfiTi 107 (17-f 100 Tono Mln Hi K Hi 125 I' O I... 31'... 3f3; 34 .. iMiiianr.M'inA iionds 1200 Mbeity 2d 4is '42 100 Liberty 4th 4i '38 10000 Liberty 4th 4Us '38 20OO Liberty 4th 4',s '3H 1000 Liberty 4th 4'i '3s. .. . 500 Victory Pi '22 200 Amer las A: Klec r.s. . . . 1000 Amer (Jas A Klec 5.s 1000 Klee & I'eo Tr 4h 1000 Lake Superior Ine 5 1 1000 Lehigh Valley 0S '23 1000 Lehigh Valley cons Cs '23. 1000 I'cnna H H temp cts Os., , niMi I'enna 41 it temp cts us 4000 Pennn 'II It 107 74 V, 20 M, 8H Phi 53 25 13 38"!, 31 31 'i 224 20o; 107s IV 3f3; ;ij jq. 1C Dcembr ( 1 Ll -i. J. "' uo ' ' 2lT ij ta 4 ,S -". . .i.is.'.B " "- " , ' - . ....... ( ln,. 1 Ivnrnnol adVlCeB 8n(l UUIUSil crop news from Texas. The otter was tabled to Liverpool and doubtless ex plained the sharp upjturn in thut mar Uet ot tne time of the opening liete. The receipts at the ports for the day are estimated at 10.000 bales, against n3 507 bales n week ago. 4151 bales a ear ago and 13,533 bales two jears "S0, Prevtom Close in .1 Aurvi" ,T, n, epteintei i" hH IS 34 13 27 March Oc'i'ber Open 13.13 18 37 IS 40 18 77 S7 74 SS 02 S7.vl ST.M M7.SI lis 01 I'lttsbarth t'lei eland tomn cts Or. , lOOOPhilo City 4s '07 10000 Phlla Llectrle 1st 5s 1000 Philn Electric 1st 5s 1000 Vnlted States Steel Bs 1000 Welsbach Co 5s 35 1)8 1)8 Mj 00', 0M4 (104 85 8Si 88 l 05 !)0 NEW YORK COFFEE MARKET xw Vnrli. Auk. 3. The local coffee future market opened 3 to 0 points lower with no special character to the trading, there being a few selling orders around the local ring v,ith an absence of aggressive deinund. There was a late morning downward nation which carried September to (1(15 and December to 1 .10, or 7 to points below initial flRurt'S. At this evil the decline wns held in check by demand believed to be for New Orleans account, offerings of September being nromntly absorbed at ti.u.i ?eptrn,ber rwcniiter Sr.l rch . . . May ... . Uu'y Preloue Close (I 74 7.18 7.64 7 74 Open fi.7172 7 IB WHO 7.B1M58 7 71U72 7.oSJSll RAILROAD EARNINGS CANADIAN I'AfiriC 1921 Increase Tourth vek July JR,003,0(,0 I637 OOO Jan 1-July 31 . 07.641,000 0 001 OCX) MISSOURI. KANSAS AND TEXAS HV8TE.M June gross ... l4.S4O,0(il 000 8S() Net oper, Income Ml. 720 1 003,272 Six months' gross . . 30,820,341 a.JIB 074 Net oper. income . 2.001,073 6,189.003 Decrease. -i iJ Lawrence E. Brown & Co. CUITIFIED -PUBLIC ACCOUNTANTS KM MEAL IBTATK TBCST RLDO. kita aaiaa oorporauoa ana MMHata fco4 prepiue lueeme Bank of England Statement London. Aug. 4 Tho weekly statement of the Dank of England shows the follow ng changes Total resere decreased 1401,000, circulation Increased 410.000. bullion In creased f 12 808; other securities decreased 710.0001 other deposits increasen (2,274.000 nubllo deposit Increasea ivti rt.:i! th bank's reserve) 10 1 14.60 per nent. . ixwt peroeoU Rate l,000i notes re- MONEY-LENDING RATES both clessQS , Vf.it IT Mr.nAV on call llaterai. opened today at 64 per cent M. r, nl Dl for lending and renewing PHII,Al)EI.riHA Call. 6 per rent! time. f per oent, commercial paper, three to six months. 6 por cent. ... Vote Thiso are merely nomlral quota tlcni. the legsl rate of Interest In the State of I'ennsyHanla being fixed at 0 per cent. Plus premium and commission, time money for thirty to ninety days Is loaned at (1 Iu l"a ir cent while commercial puper from thirty to ninety days, ts loaned at 0 to tt pgr cnt. fAS'llON Money ts quoted, at B per rent Discount rates, short bills 4 T-io per cent three months bills 44 per cent. French BanK Statement Paris, Aug 4 The weekly statement of ih liank of France show the following ?G ii" niMr in tJnnil Increased 200.000 "i"""1 ..r""- . t Ji i.... .it nni VVaniV' silver In hand Increased 230. uoo; iot?s In circulation i Increased. 423.148,000: ?reury deSSlts Increased. I.00j000l gen- m.hiirt itMnnelta lncrea """ .--'::'.-. ,.,A.nA. rt... ...... . i i :. . ... tiSV&srwmj&KswK vzri hFE 5nMmi'n .Sc.: s i .FJ ,."?aZrS IXar ,"w.. -IS.ax lVmjmm -h. bank ..... ------ y gfl Sick of Home Productions Special Cable Dlcvntch. Corvriuht. istl London, Aug. 4. "The Ameiiran ' audiences must be deathly sick of seeing nothing but cowboys and American sob stuff, close-up, make-up and all the rest of it," writes George Bernard Shaw In the Itcst issue of tho Incorporated Association of British Kincmatograph Manufacturers' publication, oucnt the proposed American tax on imported moving -picture films. "They want French films, Italian films, English films and Scandinavian films for variety. If they do not get them. Amovlcan films will drive the American public out of the American theatres, and the glory 01 lob Angeles will PASi out as that of Babylon passed. I think the tariff is a rtductlo ad absurdtim which will soon cure itself," Sir Arthur Conon Doyle said retalia tion was the only weapon of free trade. Sir Rider Haggard, commenting on the tax, said: "The proposed American film duty, if enforced, will prove disastrous not only to the United States and Great Britain, but to the whole world " RAISULI OFFERS TO AID SPAIN Former Outlaw Will Pacify Morocco Rebels If Made Sultan Madrid, Aug. 4. (By A. P.)-- Ruisnll, former outlaw leader and chieftain of rebellious tribesmen in .Morocco, is reported to have made an offer to Spain to pacify the entire Spanish zone of Morocco on condition that ho be appointed Caliph und Sultan of the territroy in ipicstlon. There have been reports that the town of Xador, south of Mclllla, has been evacuated by Spanish troops And occupied by Moroccan rebels, but it Is declared in official circles that there Is no confirmation of theso rumors, An official statement issued last night de clares fires continue nt Nitdor. Tho Moors are again bombarding Mount Arrult, where General Navarro nnd a considerable body of Spanish troops havo been surrounded by the tribesmen. General Xovnrro is said to have sent word to his superior officers that he hopes to defend his position if re-en-forcementa arrive without delay. KVmhn. nnd Zeluan. two tOWOS In tllO battle zone, are reported to be burning .. 9.0l5J? . "out;a V the mlnta of the United States during the month of July were standard sliver dollars to the value of ?i2?X000 "n(J mnr coins to the value of $48,080. 8t Efo',1 ,oul "vnu loadings last week wero 20.481 cars ngatnst 80,080 a year ago and loadings for the year to date total 702. 870 agalnet 1,003.422 a year ago. .hH clSf,i rlSwJFr,:5lt?r ,c.nimlttee announce that with deposit of claims approximately 100 per cent of a I outstanding obligations have boen filed with It It Is understood that final draft of reorganization plan pro vides for funding company's floating debt and Issuance of new securities to general creditors. For the year ended June 80, Utah Power !? tin f 5LnCo' Hl".w, n,t oixratlng revenue 21 Ji0"0, Toul Png costs were $1,700,600; property Investment, 18.080,006, rate of return on Investment. 4 04 per cent. accoramg 10 statement to the Publlo Utlll- "" -uiiiiiiiBiun. tares now 7c cash umo in uuoks ana 40 .102 . 0Si . 001 . US . 08 . hi) ,.1014 . oa'i . 95 . t3 . 68 . 07 . 00 . nnu N Y 7 1020....I02 102H 102, N r 7s 1027... 162 1021 102i N V 7b 1031... 104t 104I lOfil M v nu . 100U tool; KlO'i . .. 00 00' 00'. . .. po'I 00I Oil. ...1014 101U 1014 ...1004 1004 1004 Clrand Trunk 04s .... , Gulf Oil 7a Humble Oil 7a , Interboro 7s Ill Cent 04 s Kbnnecott 7s Libby McNeill 7s Nat CloaK Ss N Y N II & II 4a Seara Roebuck 7s 1023 Solvay 8s Houtnwest lien 7 Stand Oil Stand Oil stand nil Stand Oil N Y 04 a Swift & Co 0s .... Toxas Co 7s Vacuum Oil 7s .... West Hlec 7s 102 034 004 OS 08 704 -014 034 06 02 68 074 00 084 Pertinent Information As a result of special analyses we have prepared circulars giving pertinent information on U. S. Steel Corp., No. 285 United Fruit, No. 295' Sears Roebuck, No. 305 Miami Copper No. 315 Endicott Johnson No. 325 Copies free. Please request by number. WALTER J. SCHMIDT & CO. Members Consolidated Stock Exchange of New York Philadelphia: 1323 Walnut Street rbonei! Bell, Walnut 4000 Keystone, Race 8781 New York: 30 Broad Street 319 Fifth Avcnuo or fn. irthnnl lf.lr.tB During the year 38.787,840 passengers were carried at an average of 6 S3 cents each. arose Income of Air Reduction Co.. Ino., J;r.?So1d W" J 10:!1 amounted to 11.887,784. Net profits available for out standing stock before nllowAnr fn, Tru.l. eral taxea weie 1184,814. Holders of 93 per cent of Chicago. Terre Haute and Southeastern Incunre bonds and 024 Per cent of etock approved the proposed lease to tho St 1'aul. The New York Central Railroad has been granted authority to Issue $4 426. OOO 4 per cent consolidated morteae bonds In ex change for like amoutt of New York Cen tral and Hudson Rat road 34 per tint Lake Shore co lateral bonds, v ' i,."?J.,tIf-piSw5?ISW'L ""Hut FOREIGN EXCHANGE Xew York, Aug. 4. Thcro was a better tono in tho principal European exchanges at the opening this morning. Sterling was up 7-10 cent, franc ca bles 3 points better, Belgians 2j points up and lire was Improved a like amount. Msrks, however, were oil n point. Tho quotations were: Sterling cables 31.C7V4. demand a.ri0?4 ; franc cables 7.07, checks 7.00; Belgian 'ables 7.30, checks 7.35; Swiss cables 10.48, checks 10.-15 ; lire cables 1.22V., checks 4.22; peseta cables 12.S0. checks 12.78; guilder cables 30.57, checks 30.52; Stockholm cables 20.40, checks 20,35; Chrlstlania cables 32.70. checks 12.05 ; Copenhagen cables 15,32. checks IB 27; marks. 1.22. The rate of premium In Montreal to day on Xew Tork funds was 12 1-10 per cent. The rate or discount In Xew York on Canadian funds was 10 25-32 per cent. Central European exchanges were: Greek, C.47; Rumanian, 1.25Vj; Bul garian, .85; Austrian, 1.18; Czccho Slovaklan, 1.25; l'olish, .059; Jugo slavian, .50. B YKSTUHDAY'B FINAL QUOTATIONS Btorltng Francs Lire Ouilders Demand ...8,604 7.824 4.204 80 40 Cable 3 604 7.03 4.21 30.63 TODAY'S OI'UNINO QUOTATIONS Sterling Francs Lire Qullders ' 7.00 4.22 80.32 X T AT A .,,,1 .... -Z i.v, an ou.07 for rvnA ' maturity tbe outstand Inr 10. 173.600 three-year 0 per pent secured gold notes due Februory 1. 10227 clears off a part of the rednanolng nroerrm hih the oompany must carry out during the next 'Vv Sa "I41"0" 1" Jhe three-y?ar notes, which have been called for payment on Oe- inoer i hi iuu-i . ine company has an u.n of 10.704,000 ten-year 6 per "en.! dJb.mur'e bonae tailing nue May l, 1023, BAR 8ILVER Demand Cables . 8 50', 3.674 ' 100,000,000 franc t th Btata. D,ir. I'ir!l w unchnd In London to- Qty t).l SD7I Ui PRIVATE STILLS RAIDED Boys "Tip Off" Police Authorities In Allentown Allentown, Tn., Aug. 4. "Tipped off" by several boys, local police an thorities raided Bcveral homes and obtained seven large stills, fifteen barrels of "white mule" nnd large Quantities of mash. One man was arrested and warrants were sworn out for five others. The police expect an early arrest of tbe tinsmith who mad tb.aUUi. Raw Sugar Market Unchanged .. Is!e,w Jork Au- ! yesterday Ar buclcle Ilrothers announced that they had disposed of about 16.000 bags of refined eugar for shipment on or before Autuet 16 at 6,06c, less 2 per oent for cash. Which was quickly taken. The firm Is not accept ing any business today. At the opening today the Federal llertnlng Sugar Co an" nounced Its re-entry to tbe market at 6.83c less 2 per cent for caih. This Is the lowest price named by nny of the local refiners, the American. National and Warner con panles continuing to Quote on the basis of lift, lean f nr on ft, n.v. mh. ... . . . . V "' " v... A,. rw mar ket Is steady and unohanged on the basis of 84 0. cost and freight, for Cubas, eaulva lent to 4.80c. duty paid. Thore wero no "f'SV'??;? J!"uriay.- Importations It,: eluded 24,000 bags Cuba and 6000 bags Porto Rlcos to the National Sugar Refining CO;! 83 000 bags Cubas and 18.000 bags Porto Rlcos to Arbuckle Hrothers and 13,000 bags Cubas to the Warner Sugar Reflnlng (U fifil tr4 II BONDS TO YIELD OVER 8 WE SHOULD like !l V w 1 1 I j TT to submit to you a I list of bonds yielding III II up to 8, which wc I believe meet all the 1 equirements for safe investment. Kinthj writs for Circular K-i l 1 CASSATT V CO. j Eitabtithtd 1872 j COMMERCIALTnUSTBLDG. PHILADELPHIA lllll NIWYORH, I IJJJI eALTteiORE-PlTTaaunOH-SCRArlTOM JJJ mSim I n Duqueioe Lifbt 7 lit, 1936 98V; Yield 7.65 United Drag Co. 81, 1941 100 Yield 8.00 f . are lYosg suiAsirw.kf. P- m i EQUIPMENT BONDS N. Y. CENTRAL 7 1928. to yield 6.50 PACIFIC FRUIT EXPRESS 1925. to yield 6.50 STANDARD TANK CAR 7':'. 1923-29, to yield 8 HARVEY FISK & i (Incorporated) NEW YOKK CHICAGO BOSTON BUFFALO LAND TITLE BLDG. PHILADELPHIA DIVIDENDS DECLARED .J.'ua0.WrnM,n.,urc,urlr,.lf. A'snelalcs, quar terly $1.60 and a, special jl. payable Sen. ,"SV.er i ,0 ,t0k ' record Auguit a! Nlles-nement-Pond Co., quarterly 1 i.r cent on common nnd quarterly 14 p,r cent on preferred. Common s payable September 20 to stock of record September 1 and pre! ferred August 20 to stock of record 5K- Homestake Mining Co., monthly S3 cents XuMit'otU,,t ' t0 ""' cSrd rwys I .TT To Net 8.3Of0 Comolidited Text, lit 81, 1941 99 Yield 8.10 Producers & ReEneri lit 81, 1931 96 Va Yield 8.50 Widinir Bitnr.PriiutitifmA MmLmmtaVMsami . aiWYosg auiAsiTM.ki. C. S. PATTON & CO. 3D ti CIIF.HTNUT HTH. BANKERS HucCfi(ir to NAIf.KIl a (iTir.vi'Vflnv, Ilnnds nnd Stocks liouxiit and sold Members IMilln. Stock Kxrlmnge V First Mortgage Serial Gold Bonds Due 1924-39 Tax Refund in Penna. Full information upon rcqutil Baker, Ayling & Young JOSEPH W. SWAIN. Jr.. Manwel Land Titlo Dldg. Botton PhiladelpM 1 aniwiari oniiern Itr. Kqup... 0's 104-UO I'l-iin I'ublle Hrrilia Corpora loii ..o'a 10S0 I'lilladelphlu Ilnuld Trnnalt Co. . ..fl'I ion! Mtranton Uullwai. CompnnrT. "...a'. 103J l'ortlund llwt.. Light & I'ouee fk a: .n'l.t Samuel K. Phillips & Co. U,nrcnrSrlrHkKgl.eh"nM DANUKltS Dealers in Investment Securitiei .Ueiuters New Yorh and AaeHlJ Ctocta KxchaniHI 321 Cheitnut St., PhIUJ'ffe - 't-CVSW ji V T ( .M .--:- a. .'ft ' ,' j-eto,a.KVl,.. .X-Am,.! ..if.'Wii.li 'iWm. psmiiir ., T-hXrxmsmmMZ'1"' '""' rjfWft3tCft;!f W31f1!SBapJ tJV----e inW i isisWw-ffiV Ym
Significant historical Pennsylvania newspapers