nm vmktmmMm ' " W I IWl I tUMliM rfi4.f ' tKStf 71 TmMT T 'B!ffiiailWIO.1.Tiq r "'V ii "?T "WKy i,'r f J lTIt IJBW iA , " ,- v. " n Vv'. V '. kfX U' EVENING PUBLIC LEDGER PHILADELPHIA, "FRlbAYi AUGUST 5, 1921 u: mil SEND FOR THIS BOOK of Graphic Charts &. i UNLESS i'j; youve maao up your mina you wish to toko advantage of the present never-to-com-agaln opportunities in tha STOCK MARKET. Whttt the edition lotti copiee will oladlv tent upon receipt of too in ttampt jjj, to defray eoet of mailing. Writ or L-i$. J. F. McGOVERN & CO. Member of rhlln. Slock Rxch.wra 14S0 South r-rno Bi ThDa. vroc MIS Ran .1181 Orders executed In all Market. N.nr Vorki 33 Utiadmu MARKFT DEPRESSED I NEW YORK stock exchange transactions BY VAGUE RUMORS Forced Liquidation of Certain Industrials and Stiffer Money Also Factors New York, Aug. fi. Vnpup minora of flnanclnl dtfnrultlc of nn unnnmed prominent financial Intercut probnbly would account more thun nnythlns ele for the unsatisfactory condition of to day's stock market. The tone was rather henry, but It was obvlout. selllnR orderi did not follow up the declines. On the other hand, nt different Intervals stocks, including the better grade, were conspicuously on tap. There was good absorption, however, a siizife'ted lu the relatively slight net declines. From the very outlet the general be havior of the list Indicated something was overhanging the mnrket, regarding which there wa lnrk of definite In formation. About the only adverse de velopment to come to the surface was the announcement of the suspension of n Uoton brokerage firm, which was suld not to be very important Specu lative Interest on the long side was conspicuously lacking, which the bear contingent were quite ready to take advantage of, nnd was employed as nn excuse for driving prices down sharply in mnny directions. The entire list felt the lack of p.n Strong Economic T7orrc Arp at AorW I cournging developments, while the re lultcb fvic dL ,vu,n newctl llrmnevs of the monsy market and the belief thnt further dividend re- to establish business here and abroad on a sound basis. Prophe cies differ as to just when "normal" con ditions will exist, but all agreee we are on the road to a new pros perity. Write for our recom mendations of bonds which arc yielding very large returns and which should increase in safety each year. Ask for Circular E-GO Hemphill, Noyes CBl, Co. , Mtmbert Yeir York Stock Eichtngt Franklin Bk. Bldg., Philadelphia New, York Boston Screnton Buffalo Albany Syracutc Baltimore I adjustments are Intended caused free 1 "elling for both accounts. At the same time continued liberal prollt -Inking in the rails caused that division to fall away steadily, with the dividend and low-priced shares showing about the same relative amount of weakness. It was the weakness of the rail group In the curly dealings that undermined the Industrial". The scope of the sell- p ing movement wns extended during the j first part of the morning to embrace all I classes of the latter, with the oils, I equipments, gas, copper and fooil issues the weakest. Forced liquidation in many of the named groups indicated I the cleaning-up process was still not I yet completed. A feature In this con I nectiou was tho heavy selling of Invin cible Oil which dropped .'l points to a new low record nt (!. Houston Oil was also hnrd pressed, breaking 4 points. Declines of 1 to - points were numer ous in other specialties. There was, however, n steady diminishing of the dealings after the first hour nnd before midday the market was near coming to a complete standstill. LOCAL MARKET WAS EXTREMELY THIN 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. E. CLEVELAND New York Boiton Detriot Cincinnati Coiumbui Toledo Akron Youngitown Dayton Denror Colorado Spring! Pennsylvania and Electric Storage Run Off on Very Light Offerings Kardos &. Burke Investment Securities Government Bonds Foreign Exchange Foreign Bondi Inquiries Invited 1424 WalnutSt., Philadelphia Phone: Spruce 6397 NtwYotk Chicago flttiburgh Baltimore VI Direct Prlvau W.rl Drooping prices nnd diminishing dealings appeared to he contnglous as a mild attack wns nlso suffered bv the local market. With exceptions of Penn sylvania Railroad transactions wen1 of a diminutive order. The clipping back of quotations, however, was only blcnifirnnt in that tended to emphasize the thin chnrncter of the market when left to Its own resources. No better Illustration In this connection could be offered than In the case of I'lectrlc Storago Untterj. After the remnrlcable display of strength in the four pre ceding days, the offering of a relatively small amount or stock caused nn over night reaction of 2 points to 107. or nearly Sty jiolnts from the top price of the week. Narrowness of the market, or nt least the plucky of buying demand whs nt the same time exemplified In the point reaction in Pennsylvania Kiilroad. with that stock fulling back to rtT . or nearly - point under the week's bet iirire. 'Ihe decision of the management re'ativc to the manner of emplojes voting W I awaited with consldet able Interest. It I is understood some of the stronger In terests in the ceninnn totv at first I disposed to vigorously contest the ruling I of the Itnllrond Labor Hoard. After more careful deliberation it was deemed iinnis- to ihviinf Mich an attitude and cooler Heads sunrjestfil a more con ciliator) polir. It i one of the hardest nutf the management has been called on to crack, nnd natural! there is going i bo u whole lot of thinking nnd mik ing bofore the final decision is reached. The two ordinances introduced In City Council yesterday looking to af fording the I . G. I. Compnny some relief wns without effect on that stock. There still remains the general atti tude of marking time until something more definite is agreed upon. The con testing political influences injected into' tne question makes its outlook very con fusing. Dlv. Sales In t Hlth .too .. A'ax nubber 33 400 .. Alaska Juneau (J M... 1 300 Allied Chem A Dye... 37 H 400 4 Allls-Chalmers 31 y4 400 .. Am Agrio Chem 34 1SJ0 . Am Can U tW 7 Am Can pf 81 400 it Am Car A Kdy US 200 7 Am Cur & Fdy pf t0 100 s Am Express 11. ,4 300 . . Am Hide & Leather pt MH, 100 a Am Ice oft A0O .. Am Interont Corp.... 38i 100 .. Am Linseed 24 ,4 700 t Am Locomotive S35i 100 .. Am Safety Hazor.... 4J4 400 . Am Ship & Com 7 00 . . Am Smolt & Hot ... 37 100 7 Am Smelt & Ref pf. . 71 100 8 Am Snuff 1024 1400 7 Am Sugar rtef 60J, 100 7 Am Sugar IUf pf 8A4 400 s Am Sumatra 40 00 0 Am Tel & Tel 10SH 700 11 Am Tobacco l'i MOO 7 Am Woolen 70H 0 .. Am Zlno Lead A Smlt 8 1400 .. Anaconda Copper .. . 37V4 700 e Atch Top A Santa Ke. 8 100 8 Atch Top A S F pf ... 7HK 100 7 Atlantic Coait Line . 8 00 .. Atl dulf ft W 1 S S . . '4K 100 . Atl Gulf A W T S S pf 2314 too 7 Austin Nicholas Ino pf SOh 4400 7 Baldwin Locomotive. 7H 1700 Baltimore A Ohio. .. . 30 100 8 Bethlehom Steel 4H14 000 8 Bethlehem Steel B. . .41 too 7 Bethlehem Steel 7 . 8,', too 8 Bethlehem Stoel 8 pf 081 100 .. Booth Fisheries 3 100 Brklyn Hapld Transit 11 S 100 . Brklyn II T ctfe of dep 7ft 400 Hutterlck 37 Ji 100 . Caddo Central O A n. II ,4 400 8 California Packing .. 01i 200 California Petroleum. 3 100 7 California Petrol pf. . 72 100 Cal Zlno A Lead . . .. AH 1600 10 Canadian Pacific ....114H 3100 .. Central Leather 33H 1000 . Central Leather pf . . . 6K 1300 Cerro-de-Pasco .... 27 1000 Chandler Motors ... 4H ?nn .. Chesapeake A Ohio... 86 300 . Chicago A Ot West . 7J'a 3!I0 Chicago A Qt West pf 17 000 . Chicago Mil A St P. . . 37 H 1000 . Chicago Mil A St P pf 42 000 s Chlcngo Northwestern 07 V 2000 . Chi n 1 A Pac 3314 2.10 8 Oil n I A Pao 6 pf. ORJi 100 7 Chi, n I A P 7 p o pf. 77 100 .. Chile Copper 10ft 400 . Chlno Copper 23 1300 . Coca-Cola 33 100 .. Col Oraphophone .. 4& 30 Colorado A Southern 38 100 4 Col A So let pf 83 too . Consolidated Cigar . 2B 100 7 Consolidated Cigar pf. 70 fiOO 7 Consolidated Ons .... 88 10,1 Conoolldated Textiles. 114 300 . Continental Candy ... ?i 800 a Corn Products ltef . . . 08U 28 U 11 27,4 k? & 2800 x.so Cosden A Co. 000 300 401) 1300 100 000 100 400 COO 1600 900 3800 100 700 100 3600 1400 3400 900 100 3S0O 100 400 100 1100 800 300 300 300 1800 100 8 'J It 100 100 SOU 1800 000 S900 3J0 400 700 Cuba Cano Sugar. . . .. Cuba Cane Sugar pf. t Cuban Am Sugar 1074 4 Crucible Steel Hy 0 Delawaro & Hudson.. 101 . . Denver A Rio Gr pf . 1 V 8 Elk Horn Coal . . 17, i 3 Endlcott-Johneon ... 0OH 7 Endlcott-Johnson pf .. 9l'4 .. Erie 13J, .. Erie 1st pf 20 8 Famous Playora L 48'4 10 Fisher Body 89&4 .. Flak Rubber OH . . Gaston Wma A Wig. . . 1 !4 .. General Asphalt '3ft 8 General Electric 118 1 General Motors 104 6 General Motors pf . . . . OS .. Goodrich B F 32 7 Great Northern pf . . . . 73 Greene Cananca Cop. 21 4 Gt Nor Ore ctfs 28 .. Gulf State Steel 34 .. Houston OH 6114 1 Hupp Motor Car 11 ',4 7 Illinois Central 04 00 Indlahoma Ref 3;i .. Inspiration Con Cop.. 33H .. Interb Con Corp ZXi Interboro Con pf . . . 11 'A 7 lnt Harvester new. ... 74 7 lnt Harv new of 103 V2 .. lnt Mer Marine 10W 0 lnt Mer Marine pf . . . . 4314 .. International Nickel.. U!4 .. International Paper . M?i .. Invincible Oil Corp... U . . Islnnd Oil 3 . . Jewel Tea 10 .. Kansas City Southern 20 low 33 i 37 ft 3114 31 H 20H 82 134 109 11714 2 ',4 3ft 33)4 244 8314 4'4 H 30 H 71 103fi 80 88l 48S 10H4 123 H 70 8 36K 84(4 78 H 88 23 234 30 H 77(4 384 4814 40H 81 J4 08 H 3 HH 714 27 U'4 01 2 344 72 4H 11314 3314 04J4 36 47 86 7, "14 3. l'4 00 14 33 H 03H 70 10 J4 33 33 V4 4,4 38 33 394 70 88 13,4 6714 37 10 3714 IH 844 101 IV. 1714 0iV4 01 13)4 10)4 401, sou w 1', 82 11714 10H 63 33 74 71 37 W 34 51 K 10H 94 33)4 3i 11W 3)4 103)4 10)4 44 13)4 li 5,4 iU 23 fc 1:SH Net 1. M. ('tin' 33 - V 1K w 37)4- H 31)4- H 34 26 H - J'l 83 14 133 - Va 109 r 1 1 117 Va- H' , 83)4 - 4 ' 85 - Va , 33)4 - Vt 34)4- ft 83H- H 4 Va 7 36 H- Hi 71 102 - Va j 0t' Va I 88)4 - ,i 484 - H loM- !4 133H- 7oh a 8 3B4- t 84- H 78M ! 88-3 24)4 j n 23l 4- H 50H 78 - !4 38 - H 1 48',i 1'S 0H- H 89J, - H 1 98 U M 3, '4 11H- Va 7)4 H 27',- . 11)4 - Va 0lJ "i 344 - Va ' 72 ! 4H-i 14 114H-I 14 33 - '4 C4J4- 1 37 1 48H r Vt 86 - i 7J4 1- )4 17(4 - 14 1 37 - '4 ' 114 Hi 604 4 33 - H 03(4 - 'i 76 10J4 - Va 33- H 33H- 14' 4)4 38 33 - 1 3914 14 70 88 - 1)4 , 1314 .. i 67)4- 1H 37 - 114 10M- !, 27 4 - H 1014 BSVa Va 101 - lj Hi i7'4 - m 1 crii- '41 ' 14 1314 - 1U'4 - S4 4S)4 4- 1 80)4 !4 H a 114 62)4- Hi 1184- l' 10 ).- H 65 -f i 33 - 14 74-3 31 1 I 37- Va I 31 - l 514- 3H I 10J4 - 'o ' 04 4- ' I 37i -r- !4 , 33)4- H' 3i- 14 , 1114 f 14 3)4 - 2 103)4 214 10)4 44 - 4 13 Va- Va' 5U4 n . H4 2J4 .. 10 - )4 20 Dlv. Rales lnt ltlsh 3000 4 Kelly-Springfield Tire. 41)4 1400 ., Kcnnecott Copper ... l'li 390 ., Keystone T A It 1314 10) ., Lackawanna steel ... 3914 100 S.80 Lehigh Valley 53)4 800 .. Loewe Co HH 100 12 Lorlllard Tobacco ...13014 3J0 7 Lorlllard Tobacco pf . 100 .. Market St Rwy pr pf. 33 .. Max Motor 1st pf ctfs 4)4 13 Mexican Petroleum 10714 2 Miami Cornier 21 3700 1.00 Mtddlo States Corp... 13 1000 .. Mldvalo Steel 35)4 . . Minn A St Louis 114 . . Mo Kansas A Texas.. 2 .'. Missouri Pnolflo 30 .. Missouri Pacific pf . . 4014 . . MonUromery Ward . . , 18 , . Nat Cloak A Suit.... 30 8 Nat Enamel & Stamp. 48)4 . . Nov Con Copper 0 N O Tex A Mex B New Tork Central.... 100 700 8000 100 300 300 600 1200 100 100 100 300 100 3809 100 I . so New Tork Dock 1014 84)4 71 H 83 , 100 8 N Y Chi & St L 1st of 63 300 .. New York N H A II.. 17 100 4 N Y Shipbuilding 30 8500 7 Northern Pacific 774 700 .. Okla Prod A Ref 2 100 n Otis Elevator 88 SJ 100 0 Otis Elevator pf 80 100 .. Otis Steel 10H 00 7 Otis Steel pf 53 100 b, Pacino Gas A Eleo ... 55)4 8000 .. Pacific Oil 36H 1700 t Pan-Amer Petrol .... 48 JJ 300 a Pan-Amer B 434 3300 1 Pennsylvania R R ... 374 1330 .. Peoples Gas Chicago. . 35 200 . . Pcro Mnrquotte 20 300 .. Pere Marquette pf ... 40 100 8 Per Marq prior pf . . . 33 400 .. Phllllps.Jones 77J4 , 100 7 Phllllps-Jones pf 85 300 .. Phillips Pet 10. 900 .. Plerce-Arrow Motor.. 14)4 700 .. Plerce-Arrow Mot pf 2014 400 . . Pierce Oil 7 100 6 Pitts Coal 4414 100 .. Pittsburgh & W Va.. 2714 100 i pond Creek Coal 14 H 100 h Pressed Steel Car 6014 00 4 Pub Serv Corp of N J AS 400 8 Pullman 94 200 .. Punta Alegro Sugar.. 30H too 4 Pure Oil 2714 100 ,. Hand Mines 10 10 . . R n Sec of III Cen stk 55 100 8 Railway Steel Spring. 77)4 100 .. Ray Con Copper .... I3H 3500 4 Reading 70 100 .. Replo Steel 204 700 .. Republic Iron & Steel. 4714 400 . . Republic Motors 10 31 J4 11 2414 35 14 3614 300 8. to Royal Dutcd N Y. too 1300 100 300 300 T)0 3011 100 4300 300 200 5100 800 100 300 100 14300 100 200 11500 600 2100 700 100 2000 300 2000 100 1200 elOO 390 400 3200 300 3200 14100 100 3300 300 100 100 270 100 70S 100 7S0 100 100 800 1100 300 400 1 St Joseph Lead St Louis San Fran. . . . St Louts Snn Fran pf. St Louis Southwest, St Louis Southwest pf 30 .. Senrs-Roebuck 05)4 .. Seneca Cop Corp .... 16)4 . Shattuck Arizona Corp 1 .. Sinclair Oil 20)4 . Sloss-Sheffleld 3414 So Porto Rico Sugar. . 37 6 Southern Pacific .... 78 .. Southern Rail 20)4 . Southern Rwy pf 4614 6 Standard Oil of N J. 137 7 Stand Oil of N J pf , . . 107 7 Studebaker 7014 1 Submarine Boat Corp. 514 .. Superior Oil Corp 4)4 5 Texas tCo 30 .. Texas A Pacific tbVt t Texas A Pao C A O. . 10)4 e Tobacco Products .... 6814 7 Tobacco Products pf . . 60 .. Trans Con Oil 8 .. Union Oil , 104 10 Union Paolflo 13114 .. United Alloy Steel.... 25 8 United Drug 5514 6 United Fruit 103f8 S Unltod Retail Stores.. 5414 ..US Food Product... 1714 ..US Ind Alcohol 49 . . US Realty & Imp. ... 50 ..US Rubber 424 5 U S Steel 75 7 U S Stoel pf 101) 2 Utah Copper 474 .. Vanadium Corp 304 Vn-Cnr Chemical pf . . 07 6 Vn, Iron Coal & Coke. . 70 . . Vlvaudou lne 7 . . Wabnsh 7 .. Wabash pf A 23 . . Western Pacific 24 14 4 Westlnghouso E & M. 43 4 .. Wheeling & L E 8H . . Wheel A Lako Erie Pf 17 .. White Oil Corp 814 .. Wllls-0erland (IJ4 Wilson & Co 35 . . Wright Aero 8J4 Low 4014 184 1314 8014 6314 UH 15014 100 33 414 105 H 21 H4 34K 1114 3 20 4014 18 30 4814 014 6114 7014 83 63 K 30 70 J4 88 80 10M 58 4514 36 H 474 43)4 37 43)4 30 40 53 75)4 85 10 1414 3014 7 6414 3714 4H ont4 08 03 i 30 2714 56 7714 I3H 6914 204 47 9 '4 5114 11 2414 3514 20 30 05 14 014 8 30 3414 37 77 , 20 4014 1.10 074 78 314 414 33 33 814 67 h 80 " 914 204 25 5514 1034 64 7U 484 60 3 74 "4 109 47 39)4 07 70 Tl 74 21)4 2414 4314 894 17 f)4 11 H 33 8 7', SI BUSINESS ON CURB .- . U ', IN SMALL VOLUME M!g 130 Net p, if. Chre. 40H- 184-1314-3914-4214-UH- 15014 -f 100 33 -14 106J4 21 1H4- 2414-1114- 3 20 -4014-18 -20 - ,4814 1014 5414- 70)4- H4 33 - 1 03 OH- H 20 - 14 764- Hi 74 H li 14 Va 14 "u Hi "14 li 14 Easier Tone Prevail in Inde pendent Oil Group Mining Stocks Irregular New York, Aug. fi. There was no matcrlnl chnngo in trading conditions on tlit New York Curb exchange mnr ket, business In thnt market being ex tremely smnll in volume nnd the tone Hi r 14 3 88 80 OH 14 68 5514 li 304- 14 48)4 - Hi 42)4- V 37 - IU 43)4 - 30 - Va 40 33 2 77H 2H 853 10 414- 39)4-1 7 54)4 " 0014- 08 -1134-30 -2714 I 194 -45 4 -47 -10 -6 Hi ll 3414 35 !4 - 20 -30 - 64)4 - 1014 - 7 20 1 i 34 14 37 -77)4 -20 -40-137 - 074 78)4 - 614 - 41i 18)4-6774-80 014- 120K- 74 25 4414 -4. 14 10374 - , 54 - )4 17 Va- M 484 - 114 60 - . 4214 - 3i 744 - 14 109 47 - 4 2014 67 70 7M- - 2114 -2414- 43 84 17 - 8(4 - 0H- 31 8J4- 14 Va u. I en sr. 14 j llelhlchem Motors Mld nt f0c n share. Colombia Kmernld wns another heavy stock, breaking to 70c. A few trans ictlons were made in Glon Allien Com nt 34 nnd .IIVj. Goodyear Tire wn steady, the common selling nt 1.1 nnd thto preferred nt 32. Hnvnnn Tobacco wns trnded In nt 0 ml . mM(" Andrews & Forbes sold nt 88. There was light trading In l.lbby. McNeill & l.lbby nt 0. . In the independent oil stocks nn rnsv tone prevailed. Klk Unsin was sold nt 11 nnd OVi, Marncolbo nt ii to li0:4 nni( SliiiniH at 7 to U. Stand ard Oil of Indliinn failed to maintain Its strength f yesterday nnd was under - .. ....! .Innllttlnn frlTIl . Jb to 0. Cities Service banking shnrcs Mild nt l'.l to 18 nnd the common stock ut Hi). Arku.111.as Natural ns improved to above 10. I Mining stocks were irregular. Boston , and Montnlnu and Kurekn t'roesus both reacted. INDUSTKIAIA g() ' Hlfh t.ow I II I Acme Coal 05 j- I hetlilalirm .Motors 30 JO tu, Chlcaso ft Uat 111 ii1 J4, ii Columbia Kmcrald "I JO .?. Com Finance W 4t 49 Olpn Al'ien JJH ft Uoodoar Tire J?. J i (loocar Tiro pref S-' "f MavaniM Toll picf 5'. l.lbby McNeil ll ' J Locomobile 0 0 0 McAnrtrew Forlioi '.4 f s? ' Perfection Tire Jrt 'J lp Phillip .Morris 4-. SJ4 3 tiouthdrn U 4 I 2 1J j Stanilard Motor 4' 4 4S Hweeia Co STi ,-, - tT a Ship Corp M ' X V tt Hteam 8? , 8f ar, UniieJ l'rodt Shurlns- .... t,A 'A . UnlteJ net Cand) .. .. ? ,. Willys Corp 1st pref . . h H "' '. i Va H H t 1 Va Va Va 1 'i 14 2'4 ' 14 l 14 '4 314 Hi 1 M !4 14 Hi V4 74 H 14 2 14 H !4 74 H l V '"PHIS bank with fifty-five years 1 of experience is well fitted to serve its customers through the present economic situation. Central National Bank of Philadelphia Chestnut Street at Fifth Capital $1,000,000 Surplus and Undivided ProitJ Earned $4,400,000 f Other Men's Minds "UPS AND DOWNS" a weekly market review which cannot bo bought at any price and which cannot even bo subscribed to jrivea you the consensus of a multitude of opinions and tells you the stocks that should sell higher or lower, as' tho case may be. It will be Bent to you for a limited time, without cost or obligation, merely to introduce to you the service wo render our clients. Alan A. Alexander & Co. Key. STOCKS and BONDS COLONIAL TRUST BLDG., PHILADELPHIA llnce flllfll Drill locust (5310-1-3-3-1 1 Dranrh OHIce. DrliUetnn. N. J. BTAM.HI OlI-H Atitflo-Amer Oil IB. 1'ralrle PI. IWV - Btand OH of Ind . INI)KI'EMi:XT MILS Allied Oil 1 Arkttnaaa Natural Oaa . . iJJ'4 Ilonton Wyoming 77 Carlb Snd , Cltlca Horvlco (old) . !.' ' Cltlea Hervlre "U" ctfa . 1' Klk Unaln Pet Knsrlrwera Petrol 4S Olllllanil Oil Vfi Ouffey Olllcaple 12 Hudion Oil '- lnt Petrol 1U I.yona J Marncalbo Oil 21 .Mexico Oil 81, Mountain Product H'l Nolilo IS Producer ltellnera .... S't Salt Croak Trod i Hlmma Tot 7 Skclly OU 3T Txon 0 Tixon rts 2 IBS IBtt 1NUH lcVj TO. T0"i Va Vt Va V 14 i 14 14 J4 Commodity Markets BANK CLEARINGS Dank cleartnxa today conumrfu1 with tor rpondlinr itai laat two yours 1021 i:u 1H1II 1'hlla. fno N. vnrk 4 lluItOII Financial Briefs Fair Demand for Wool notion, Aub S. Pho Philadelphia Stochs Mid-Year Review W have prrpared and hava ready for dlatrlbutlon a limited number of coplta of our "Mid-Year Ito law.'' Thoae dealroua ot readlnc an In. ttrretlnc aurvey of eventa that have trnnaplred durlnir the past alx rnonthi In the financial and In dustrial world w lit do wall to ask for a copy at oncn Sent fre no oblfontlm MILTON HEBMtfCO STOCrvS-rOREICNfUCHANCEDONDS HIMBBH8 PHILADfLPHIA SIQCK eXCHANOf. COKI30LI OAT C D 310CK CMHANC(N1 1622 Chestnut Street Phones. Itell. Spruce HOtt.J.J-1 Iteyatonr. Ilqre 70'J 71 Droadway & 480 Sth Are.. N. V fitamfonl. Cnnn. Biirlnslltld, Mass llnlroWt -li Hlnh .r Am Strh . r" .VI Am Mill 0 ,'JO Eler Stnr.107 M) I.fh Nnv. 0.1', '.'."i I.eh Vnl . .12Ti. r.Ji Pn n it.. :is 10 I'hi'a Ins Wire .. 50a4 7i5 I'hlla Co rum pf.. .12'.. mri Philu Kloc '2'2 W do pref . 2(fi 20tHe(Unif. tO0, I." Vn Trnc :1i, (11 IT, I . . :u Low 57:li Bi 107 1:18 p it 107 110 t !0"4 Net ihB GRAIN MARKET Chicago, Aug. 5 Wlient started tin clinnged with locals nnd commission houses iiwnitliiK rlcvelopinents. Re ceipts inspected .veMenliiy were 'M ears; last year lO cars. The cash market wns relatively steady with n good demand for choice grades. Kx port business here yesterdny nmounted to 340,000 bushels, n sale of 00,000 bushels being made late In the day and not included In earlier reports. Country offerings to arrive were moaeriuo. Weather conditions generally urn m- vornble. Sentiment in the trade is j Liverpool Cotton " ti(.i'n,l friffht rntr hetween Chi- I IJterpool, Aui B Spot cotton . in Ileduced freiKnt n tcs nei pen 11 lm,,.raie r(OUt ,0liay and rrlc. er tirm cago and the Atlantic t onst now ap- r,n th, bRS, o( Hinil tar mid,ninir. which near certain witlnn tne next ten nays Tomrarca with s.h.i,i veaterda nnd will go into effect in thirty dns. yt aooo bales. Th re.pt. nno win S" '"' '". K ,i, i l.a'ee all Amerlian Putiirm uh i-ven though not npprovetl by tin" in the openinc and at 12 30 p. M terctate ( oinineree t ommission. Tnden were 100 bln ne Torn fitnrted with DrlceR virtually nern American. mldrtllnB ., rn.".e ?i... i.,.. Tnit nlfrht. with ' mW'Hln.. .031d. fully. mid 111c nihii. 01 ii".- "" -- """; ,dllnt. H.4d; oo.oanooo t73.i;.ij mi icit.i-.'.oon ' illTnd,SJIJe?,?r.,fhe,,fi,lL.n1l''.,lni,Ji' ,he ,;oc." J42 tioo.oon 7ii.4sii.4nn i'.i n.iii t n!ott p SirSSt .ifhSnh,iJ:?n c1f" ','' j . inn tju m tiiq ai7i, r,. 14, Mn,i i 1- wr torn aiinousn local lortiltnK In 4 AOd.liH 54.U-.1 57. ..i..l!s.J3rt creaned 5 170 cskth, inoiitiv Kratn tonnai" "'""" -niri n juiy .Qauirnr- uvcrojitetl oer 13 per cent t i - n.i - -. .... ii i .in t-ii i ii iiiu: nr iionni ni i. isniiu ., s... M11IU-1M.( 1IUI .!. ,k.: ",.,...""""' i "Mil let. ii tumoirow will 'The deinitii.l fur , v.-, '-Hm UhiVh ,,f,,. '.i.Su "Pnnxunieu 2ll. ol h continued of fair iTuportlons .lur- ' wai ouuil ?,,,, 't t '. ',,"n',f " ' "r;t. mar the week. w,th the th . , all for thr, h- IV'-". n?.u ". Li " . b""',?J, 8" al"r' earned en flKhths Krnd nnd rtn.r I h- (i. ,mer.t C10',V n0"r 'j'1 "' '"P'.R' :t"c,k.,c,"".t',n'.,1!;?.Rt wool auction Thuraday was rather unsatu- Share oiiiKpb.1 ikni.V.L"'1 !,f ',1B factory, with less than SO p.,. cent sold at th? company rene?rtTt Sain nV'0? ,ln m' prlcen which were a bit ea-ler Westorn rtmftnX, JPtul oarnlnts for full jenr b uylns proceeds slowly at urn hanuu," ratcM The goods market Is In n hialth franiH of mind, the openings of llKhtneib'hta thun fur hating met with a very tatlfaitor rxponsa Pr'co In the primary markets remain falih atiiuil ith good elearancs reported The enle On an averago, the Drat -Ix month of Atchi son's year show about 44 per cent of e.ir' operating Incoire On such i b,.i, resuItM for tho llrst six months would IrVll LJi nt operating Income of rNIni IS.1 . 700.000 for the rear nnd ill . I pr cent on the common mocIi. There , b In addition, tho ag.j cut which tn soie about Jln.nO il.o n . venr. nnd add IS o. f I rer ,har- o earn iiks for the equll. " !,l!!rr,,:,,,f.l."W.1 -M'r.1 ?. '"! ,h' nuarter . . ,. - .,...,.,.. , ruui IB nt nr r MINING Arliona Patagonia Big I.edge Iloeton & Montana Canada Copper t'nndelarln. Mining Cur.i Copper Mining ... . Creacsnt MncNamara. .... Divide Ext HI Slnvndor Rureka Croesus l',ol,ir,oll Florence . . Ileclii Mining Howe .Sound Kerr I-.Ue Ivnox Divide MncNumara Mother Lcde Clt Mothor Lode new National Tin Nevada Ophlr Nlplsslng Hay Ilerrules v. Hed Warrior Silver .Mines Tonopah Divide . ... rnltnir Knsiein t'nlled Verde ISxt ... . West End Con ... White Capa . . . . nONDS Allied Packer Cs Allied Packer 6. elf Amn Tob 7s 11123 Anin Tol tla 1022 Anuconda 7s. 1U2H . . Anglo Am 7la Armour 7s Heaver Hoard 8 Iteth Etei'l 7s. lfl.H.1 Heth Stoel 7s. 1023 Htth Slecl 7s. 11122 Can Nit Ry en "s Chi tTn Sia im Copper Kxport Hs 1021 Copper Kxport "s lius tlriind Trunk rtn ilulf (Ml 7s . Ills Cent ll'B . l.lbby McNeill 7s Ohio CltlfH 7s 102J Seals Hoebutk 7e li.''l Hovthern Hv 7h Houthwcst Iltll 7s H () N V 7s 102) SONY 7h 1027 S O N Y II s Kwlft 7s iWlHS S1 H United Drug fis . , . . Vacuum Oil 7m Legal for New York Savings Banks Lake Shore & Michigan Southern Debentures 4s, 1928 represent a mortgage on practically the en tire New York Central System from Buffalo to Detroit and Chicago. Offered at the Market Bonbright & Company 437 Chestnut Street Philadelphia Xert- York Clilcnco Huston Detroit ion1 mo", ino. US' . o.is .100' . 07 . so US 00H too 10Pi 104 ii m 034 IIS. 034 loo' 1001 07 H 07H SO so 04'. 04 90S, H0S lllll 1O0 nun imi 101 BOUGHT SOLD QUOTED loo', ioo; 102 II Oh, ll-'i a verv light and featureless trade. t)nls started unchanged to 'fcc lov dlnarv g s o low middling T Vj,l good or- tl 44d ordinary S OOd riri,, .. nA 1, were 2luii"'v? ',' iiTji.iJi', equnalmt lifter nrrferrVd re uulet ai I ''I'bn.ls Ui 2 cents u ehure f2,s , Hr iu,i ere steuu ' '""' 'mihe I41.N34.B0O comini n st.ik U'i v Hpot price ' f.1' 'U."" i" '.','" "' ' "r "':' or 7.1 fair !1 I14rl l-.hv! t r.. "," "" rJ'JHiiuii in tht' rtirr lllng S04, ' ml?'"'""1"" v"lod ot u2n Th 27; .'L'tJ-f nt'for September and He off for Decern .'17 H'4 lier, with trade dull 501, :uj T2K 'J(l, lllnK :ioiv nor,- .'W-rllo 'JC u im. COTTON MARKET V,.rli Aim. J"). Wit li j Boston Brokers Assign I lloMon, Aug S Hugh J nimon.l A t , in. mber cf the N V 1 1 an 1 II' Mtvn Hi'k Kxrhangex hn jn i,, a i:r.n. ntl le slgnmont to Daniel J. I,n. of lloston v ho will hu as trustee f,r proieillnn of . rt .lt - ots The trustee, has taken over the office average, nrim nr ,h. ,..... . Industrial stock.' declined 0 21 per ,.",". terday. to (10.50. while the i.,tj rXoad, 'leclmed 0 45 per cent, to 73 07 ra"r"" It.lll. Vmv York. Aim. Ti. Willi i" u,,'.. .,,,,1 th trnilc active luijein of ,.f ,h f.nen'.ne today. priiM- at St Htnto street. Wnl.n, Vic. . i- (ii rHiii'hiiiif new ""1 as accountants jllllHX'd S to l.i points. '"1"1" '";;, gat.,i , mke a repc, i.ii. in..t.. en the nreteni i riutnt .. ,.. nu ,n .v.. A.,i,(K ... ... .. .rtl, , (UK!! ICUI1 nn .. -- -- - ,, ,,jui-,i un v ui" i.,.. i kmi ii, mr 1111,1 ."' ' i ,..,,ni Liverpool nna tni rouin- Thn annual meetlmr or ih ,... J ad I'ompans of New Jers-y nlll i,H held s.ptember 23. Hooks do... August m .MMnl, lr tl Uinils ohoup,! u.,... ... .. . who have l.een .ii- '.'J' .rrn.' ..r'A.r-,. A. "urprlslngly broad 102 till, Oi'.N o7 n: 101 101 llll iis us or. Vt'Vi llSW lis'i 07's II7' 07' 07'i U7. 07'. H8s OS OSN 102s 102, 102S 102H lO.'Vi 102' I02i 100 lOOVj 074 7'4j 07Va 8H H7's S 100 100 too 101'. 101'i lOl'i sageil tun mnke a report a statemini will ' ,'. '""'.' "... .v.'r,.uni':' ' " ' 1 '' 'I Olltillllltl ,, .. . .ij .,, tho innrKPi i Net ehnng made bi comparison with last j hrn. ..,.- .i. ltart nr.d October roni'lieil ... on New lurk Mink .exchange. hrnMlf I er ll VM Th(j PHIUIIRIJIIL liosns ,.arrv vvoither news from the South was 1000 I.lb-rtv Jd J',. '42 S7.70 ,V,'riibl and traders were again im- 3?iffi,i,W1,t, "4V:,S ,-110 S' if- activity In too ,..,unn 4(H1 Jlell Telephone 7b 10, ,' , ,. mlrkot 1000 nell Telephone 7 1(1.-, s',n,1', m"vk"' .... ,, , 5000 rtell Telephone 7s 10.', i f,',, ,V,p a M I M . fij' l,,V W If There Is a Market We Can Find It !- We hold sales of At.no.lra and bonds every Wednes day, charging $1.50 en trance fee for each item. Our weekly catalogues and postal card service reach every mar ket. Wo take plensuro in furnishing quotations. Barnes & Lofland Stock Broker, and Auctioneer. 147 S. 4th St. 'S 1 ,1 B- Mt ', UrHlf ha. no lnT.stor -tr lost a OoUa i TV at principal ar Interest on any sect. Rly bou.ht of r). V, Slrans & to.T Urtte p aur booklet 2-Q und Irurn th. rssiM '"' S. TV. STRAUS & CO. Block Ktcb.ni. Itlds.. rhllsdriphla SilckieMU, Wilson & Linvill Accountants pcsiTj-i-i1if( JsssSsssslfSlsssll WOO Klectrir v lVn Tr 4s 1000 Lake Superior lne ,1s ,"iOO IVnnrt It H temp ets (1..h 1000 IVnna It It temp cf CM , 1000 IVnnn It It temp cti 0i.".i .100 I'ennn H It temp ctn OV'" 'JlKVi I'hlla Kler lot r r. 10(K) 1'nited States Ste'l fii . . T17 nn; no''K nou. (If) 7" CUTS BAIL' IN HALF le lo,. I wird pri.s movement that mnv pr.n" to tw "f considerable Importance The must .. ruble rectnr In ,n- ,.,1,. . ."-.J"""' . '" frro bond in tho riroBpct of u , m.nnm i IHT et-nt. r. .." t I )ltl.ll run ti FOREIGN EXCHANGE New Yiiik, Aug. .1. There win- .. -trong (ipenltiz in (lie foreign exrliuiiKi' market thlH uinrniiiE. The feature wn lh(. iinprnieiui'iit (if l.'t pointy in Swifts. Sterling was up 1- ccntK, francs - pninn better, llelgtans 1 point up and lunik '., point Improved. The iiuotiitioriH witi: SterliiiR cables .T.tiOH, demand ,'l.5l) ; friinc cfiblt'K 7."ri. eheck 7.74 ; HoIk'uiii eilblos 7.4!l, I'lii'i'ks 7.1'J: Swiss cables 10.(15, checkn Kl.O'J, lire cables 4,:il, checks ,.:).; peseta cables 11I.MI. cheekH r'.S4 ; miilder cables MXm, chocks .10.00; Stockholm cables '.7A. i hecks 'JO. in.J'liii-tiiinlii cobles I.S'J. checks 12.77: Copenhagen entiles K..4'J. ..hecks l.-:i7. murks l.'J.'li. Tlie rote of rcmiiim in Montreal today on New Ymk funds wns 1'J per cent. The uitc of discount in New York on Ciiim.linn funds was 10 'J;t-,'IJ Spruce 8200 U. S. Treasury Certificates All Issues SKCl'KITIKS IIKI'AUTMKST Commercial Trust Company Member federal Iteserre lyslr City Hall Srtunre West aaBii i niirrii iii Southern California Edison Company General and Rol. Mortgag 6 Gold Bonds Due 1944 Company is substantially hydro-electric and suppliei electric light and power to over ISO cities and towns, in cluding Los Angeles. Popula tion srved, over 1,500,000. We hare been identified with the bond financing of this well-known Company and its predecessor for the past nine teen years and recommend this issue for conservative investment Price 88 and interest Yielding 7.07 Complete circular on request Harris. Forbes & Co Pine St., Cor. William NEW YORK PHILADELPHIA OFFICE Widoncr Building Telephone Spruce 7040 t,. ...... j. .:. . :. ""'hi . ,,.,.,. u. uunni iiue io tnt i.fcrpitHetl iU Judge Makes Reduction In Case of . ""uii"'- "' ""' ''. Mrs. F. J. Cooke. Held as Forger Kx:hurrU'e"'haCs"Xruui thha S n $ JmU- MK'ullen. in yimrlei S.sione i';,','"""'1,1' "?'" mnnr''' i' f',r ,1"' ,",r- (.Milt, today Ht ill half tho .SKlObnil ,1 M U n baM thU nni n,linff ; which on mi ini"ft,(l us .uua.rMiuit' ivsiihinn 1S.S0 HKj ". 18-8S ' M',11 julv" ... H.00 Illil Trolley Service Resumed In ABhland 1'ottf.vllle. Pa.. Auc 5. Trollev eervlcn tins becu renimed nt Aeluniid, where the tracks were partly torn up NEW YORK COFFEE MARKET New Yoili. Auc. r - Thn treat cof fee market sold off 'J to fi iwints on the I cull on a smnll volume of tm-ini sn. Most . a... .A.i hant?V Kil I ITHr Mil llfPIl i ttt rt rn'fin iiitii . " v -- -- uy uoroiign omcinis, until in- iiijunc- V Vu ' r.,n,, Fit Iiiiiip (Inn whone lion was obtalne.l In court here Wednes- ' '''r'Jl.VnnmPnt halt in "inect now trie Hallway. TransferH of piiKseiia-u ' "' ',,U7"' " , "J u0.i ,vn dls re. are beln made at the point u.-t ..frrnB f have " tr;'1, ,iSfina, traekH wern torn up .Tu.Ib K. cl. I"1'1"..: ?f. tho.8i 5"01!'?"-." i. L el .. 1111 iir,"H,ii r,'. iiti,,v,L-t . .,.. " .. win near mo application lor n per manent injunction next MoihIiin. Jf thn borough wins, it will cuiitliiu" tenr iuit up the traekH and grant the frn chibe to a new company. Weavers End Strike of 23 Weeks Thnnipsonvllte, Conn,, Aub. ". Agreement wiin reached lust night be tween the bniNsclK weavers nnd nlliclaH of the HiRelnw Iinrtforil Carpet ("or porntloii in a Htrlke that hau lasted twenty-tlireu weekH. Tlie weaveri agree to a 20 per cent wtuo reduction proponed by the corporation February 2S and to a modified foruj.,of open nop. ;. '.'lilt nr(-4:iirp rather a jnil' to the local trade, v.ho point to tue lllglier cost uu.i nn.n market nnd to the good demand for npot coffee here at advancing prices. A special cable reported Rio un changed to n decline of MO reiH. This brought out renewed liquidation, old longn hnvlng stopa nt 7c for December, nt which that option cold, with Sep tember working off to (VoTic, or ! to r. points below initinl figured Prei (mm December . March . WSty 'mHMIMIMMM juiy - (Old. (lose Olien n.jn iminn.1 7or t,oi noa t.A'i 7.3SOIB 7 02 T..17W60 ... n.78 Mime tl,no ago on n. rrnnceN ,i. Cof,l(( held for f.-rgery nnd f.iUe pic tenNP. Mr-. Conke. u ityltilily drrv.ed nn.l nttriirtlve looking joung woman, kiiI.I he would bo nbl' to furniMi th. S10IKI bail Sli' vas .icusetl h Mr. I'll'ii belli Curletter, with whrm she bo.ir.li'.l formerly, nnd others, of bavin; indue. , I them to i,'itc her wim of money lo in vent in the "I'Mlndelphla Private I.oini Society " Tliu police iiive'.tlgatcil .ind learned Hint there wan no ucli society, nnd ".ought Mrs. Cooke She wiw ar rested in Haltlmcrc nftcr having been Kiught for two years. wl I- .. - '', llllllll effertlve from no ,,n ,. ,. ...i..... that brolr uuuht mni... ,ni .'... riee.l, known earlier In the ,1m Quito ,1. ' nty , .rtaln borrowers nine l,een rather .lelimment In the mnttnr i.r nhtalnlnw money l-ans and the earlier tl. Wlll undnubtiJIy spted un functions of UniiiicInK Iransac-iionn. LIVESTOCK QUOTATIONS hlcuKn, Aim Mill) ,ea,1 Sten,l I'AI-rtK Iteralpts, wu.iiiijr piain Hulk Freed of Drug Charge (i eorge Alcou. ii I'oKo mean, nr- leef steer. $7ll hulk fat he stork H SO rannera anil eutters Inrirely $J 2.1W ,i . uuiK nuns ...oilip., 7.1 J ..h. ..,, (ttles mostly JlHinBO heavl.s Ijiw? HOflS ne.elpts. 81.000 head. lieiier Rrade,, a.',c to nnr loer, others f,0o to 7So lower than cster.lay's lueraKe better srn.les uell sold others hard to nre Ton Jinn-, bu'k llcht and IlKht hutch, r Ho nsfi 10 (in bulk parkin- sons, tn 7r.f8 in p( '0 to 7,1c lower, bulk deslruhl., In T- ri Kuropean exchanges were iite'a.ly. (Ireek wit" ."..","; ltumaiiinn, .'1VK Iliilgariitii. S.-,; Austrian. ,li:i; Polish. .0.-1,-, (V..'cho-S!ovnkiiiii,' 1 .7 ; .lugo-ShiNian, ..'7. VnSTIJItDAVH I'lNAI. Ol'OTATlO.VH Hterllnit rrntu's Lire Uullileis Demand . SS'i 7 711 27 'n !l(l 1 1 1'iililea ... .1 t. 7 7aH '.'8 ao till TODAYS IIPCNIMI Ql'OTATION'S rlterlln I'rancB I.lrn riulld'Ts h :.iHh 7 74 ania nu no a tioi. 7 75 i si ao :, NOON yi'OTATlONH Sterling Prunrs I.lrn Oulldirs 8 Jli 7 7.1't, A Vlli, . n 5ii'i 7 -4'i 4 ao Dematnl Cables The Rails In u special article the railroad situntion is discussed together with the prospects for: Southern Pacific New York Central Rock Island .4,. tor ii Free Copy Boureau & Evans Wtinoers rhtlu. Kiotk Kxclunc C hi. aro Hoard of Trad. 130 South 15th Street Philadelphia Locust 5182 Race 1781 m r $25,000 New York, Chicago & St. Louis R. R. First Mortgage 4 Bonds Due October 1937 Authorized $20,000,000 Retired by Sinking Fund 1,891,000 Outstanding $18,109,000 Estimated property value G9.000.000 Equity 50,891,000 PRICE, 81 and interest', to net 5.85 Free of tlie I'ennsylvanin State Tax Harrison. Smith & Co. INVESTMENT SECURITIES 121 SOUTH 5TH STREET PHILADELPHIA LOMBARD 6100 --. Denrntel (.'utiles DIVIDENDS DECLARED American lleet Suit.ir Co , quarteily $l ;,o ..Minis October 3 to stock of on preferred. 10 l.i SlinKr Heenlpts. 11.000 head JUk . if.-t.il on -iwpjelon of bnlnif inipli.ntci yfos.'i,"!:,,IVk;r",i.uik. 9fjing?STrw..TSe,U in tlie aaie ot oruss. wns iiiMiiarg.il ny inmt.s. -j.-.e nuher, in enrs at 410 s.l no V - .Iu.Ikc McUullcn toda, as the testi inony only tended to show ttiut he hn.t directed two Italian narcotic peddlers where they could cell "the Hturf." MEN FIQHT BOILING OIL Oil boiling over In n temperiiiK ma chine at Hood Urothera' tool factor), 1K0 Weft Oxford Ntreet, caused much smoke, but did no dninnKo shortly before noon today. Ten employes left hur riedly, but when the foreman learned the. cause of the smoke ho led them back giln und thjy attacked the flamea, e nanny weignt rat ewes Icunr. ImtK, la.JfiOs 30 hero, heavies ' 20c East lltuTalo. Auir. o. CATTLE lur.int. 4S0 h.ad Slow and easy. C.ivai .' relpts. 1700. Active and slea.1v irfrTii vorkers. til 7ft. luht mrlj... i. mAAil Q1' .... ..,-. ....... ,......,. -.l.OUTfll 7.-. Iinn8 78i stags, rnushs, plus. (11 no 14. none. ailEKl AND I.AMIIH Receipt, head, Acthf ami no chanse In nrce,' snoo BAR 8ILVER ifmsBS n.i record Hyptenir.r 10 Untied O'Kar Stores, quarterly 1, rr rrnt on pref. rred paynbl. Hcpt.mber 18 to strrk of rec ird Amust SI Miinhallnn Hlilrt quart-rly l(l conls on rommun. payab'e Miptimber 1 lo slock of r-ccrd Aum-t is "' Arms Ten .. quittrrly IV per rent on first ni.ferred. Mf.il.le Sapinnl-er 1 ... i,.. irtetrd Aucuet L'O - Molntyie l'oreuplne Uul.l M nes Co. u HtandaM oil of Niw York, nuiirtcrly 14 li1i.u.UO U l "lock "' rcor,i MONEY-LENDING RATES NKW VOHK Money on call tmih n..... j)f collateral, opened today at 6 Mr cen for lendlnK und renewing nl rur I'lllI-AIIKI.I'IIIA-Call, n p.r cent, time " lr nt commercial paper thr., to sht months, a per c.nt ' '"". 10 six K?,,,M Th... .... ... Ilrin. th. I..l -iT. '";.". """'' GE0.A.HUHN & SUNS KTOriJrJ AN1) IIONDS Members t tlie l'lill.l,iphlii, Nfw lark tend l.'liltnio block Hxrhaut,. .w iork tollon Vlicnani. Commission Ordara Executed In All the Principal Market Liberty Dondi Bouqht and Sold llellue ranri 111. Bl. ilia n.iliitil St. N. .. Ill llr.ia.livnv Atlintle Cltv Anilmssndor Hotel United Drug Co. 81, 1S41 100 Yield 8.00 Conioliilated Text, lit 81, 1941 99 Yield 8.10 Troducen & Refineti lit 81, 1931--96Vi Yield 8.50 WlOINER BlftO. PHIUDtLFHIA M10 YA Stuck CrakupV NIW VO.K lULUlfTM. N 1. quota nuns, in. iohki raie or nter.st in th. hi... of Pennsylvania hslnc fixed at & fS .LV. auhWTnr,.1yc3rHtf:S Reading Terminal 5s MORLEY, WOOD & CO. 333 Chestnut Street iS 1 . i - . . s: riisRfiiiiinanfl avmg. with afety D AUTOMOBILE INSURANCE tAtHANCE Otto F.lsenlohr I'fd. Metropolitan Edition 8s. 1035 renn. I'r. & Lt. 7s, 1951 Erie L-ightinir 5s, 1907 HENRY D. B0ENNING & CO. nieH?..,;I KXCIIANIIK llfll.UlNfl Dlrjcl I'rlviit. Tflephone to New lnrk Memhers I'hlln. fO.vk K'di mre Indnls., ('riiivfariUIMe & (imrriean I'lpe Mix, t u. Iliin.llle S' MJ 0-. 1US7 ft ! Alluntle ril, Kle'elrlJ (lo. . , Vi 1JJ ". M . I,M,T.WKHTNIJT HTIIKKT I "n.vldtnd-I'aj'Li l'ollcleV" I Paeitngtr Conjmirclal I C ' ' w 1 u .,. . t ...... I Samuel K. Phillips &Co. toffinoII,tNhJfxrs&5&cbM,, ' it : ''K 'r A kjLl'.i j4.1raa3!rlrtitisi ltTt;rr,vrjTr- '-7 7 ui-mm