,)." j' (j1 "virrarwifT Yi-i . ' .rt TirfmsAS'ir t. ..tunwv 1 v ,''( 1 if ' EVENING PIJBEIO liEDGER-PHIBADELPHIA', TUESDAY, 'AtJGTTST 9, 19 1921 NEW YORK BOND SALES ,' v I. in If. . ) ..w ; , ' . jt t. m V ft L. J I $7,500,000 ' ? Republic of Uruguay External Loan Twenty-five Year 8 Sinking Fund Gold Bondo Non-Callable for Ten Years. Redeemable Only at 105 $.Il?ni can ,,c Sal,ed for redemption prior to August 1, 1931. Bonds may be redeemed on-August I. 1931, or on any interest date thereafter at 105, cither as a whole, at the option of the Government, or by lot through the operation of the sinking fund. V -. URUGUAY Uruguayan trade with the United States for the year 1920 was larger than its trade with all other nations combined. Uruguay ranks fourth among South American countries in the value of its foreign com merce. Uruguayan livestock are valued at over $520,000,000, according to an estimate by the Bureau of Agricultural Statistics of Uruguay, January 1, 1921. In 1918 Uruguay made avail able to the United States a credit of $20,700,000. In 1920 Uruguay extended credits to Great Britain and France to the amount of $46, 539,000. The ratio of Uruguay's gold reserves to paper currency is 98 , one of the largest in the world. The Uruguayan Government has been for many years scrupulously careful to main tain its credit and to keep its currency sound and stable. Dated Augutt 1, 1921 THE ISSU Duo Aurjust 1, 1946 Interest payable. February 1 nnd AuKunt 1. Coupon Bonds In denominations of J1000 and ISOO. ielterable an tn rrlnclp.it only. Principal, premium nnd Intercut pay- ablo In United Htuteu Bold coin at The Nntlonal City Bank of New York. Flucal Agent of tho Loan. Sinking Fund Sufficient to Redeem Entire Issue at or Before Maturity A a Sinking Fund for tho retirement of tho Bonds, the Government of Uruguay agrees to pay to Tho National City Bank of Now York, Fiscal Agent of tho Loan, $300,000 annually, during tho first ten years, in equal quarterly Instalments, beginning November 1, 1921, nnd sums sufficient to retire each year during the remaining fifteen years, at least one fifteenth of the Bonds outstanding August 1, 1931. Sinking Fund payments shall be applied to the purchase of Bonds in the open market, if obtainable, at not exceeding 100 and interest during the first five years, and at not exceeding 105 and Interest thereafter; the unapplied balance of each quarterly payment during the first ten years will revert to the Government. After August 1, 1931, Sinking Fund moneys will not so rovcrt, but shall bo applied to the redemption of Bonds by lot on semi-annual interest dates at 105, if Bonds are not purchaseable at or below 105 and interest to exhaust the same. These Bonds arc the direct credit obligations of the Republic of Uruguay, which agrees that, if in the future any revenue of the State shall be pledged as security for any loan, this loan shall have priority over such loan as to the security pledged. The total wealth of Uruguay is authoritativeley estimated at $2,670,000,000 or approximately fifteen times the national debt. We offer these bonds if, as and when itaucd,jind received by us, subject to approval of counsel, at 98!2 and Interest, to Yield 8.20 to Maturity Delivery in temporary form is expected on or about August 22, 1921. I Descriptive circular will bo sent upon request. The National City Company National Cir 2ank Building, N. Y. 1421 Chestnut St., Phila. The above Information has been obtained partly by cable, from official at-itcments nnd Mallellc.. While we do not Guarantee It wt. believe It to bo correct. All statistics relntlnjr to foreign money are expressed In terms of the United States sold dollar at par of exchnnge. $3,000,000 WEST PENN POWER COMPANY FIRST MORTGAGE 1 GOLD BONDS, SERIES "D" Non-callable to August 1, 1926 Denominations, $1,000, $500, $100 Due March 1, 1946 Price 98 and Interest Yielding 7.15 Interest payable February i and August i. Redeemable on and after August i, 1926, at prices ranging from 105 to 101. Interest payable without deduction for Federal Income Taxes now or hereafter deductible at the source not in excess of 2. TAX EXEMPT IN PENNSYLVANIA The West Perm Power Company supplies elec' tricity for light, heat and power purposes in 294 cities, towns and communities located in the Pittsburgh district of Pennsylvania, at distances of from three to sixty miles from that city. The population of all communities served is in excess of 500,000, while the chartered territory exceeds 4,600 square miles. This territory is considered one of the best fields for power consumption in the United States, the industries served being of a very widely diversified character, of which coal mining, coke ovens, steel plants, pig iron furnaces, glass and chemical works stand out prominently. These bonds, in the opinion of counsel, arc secured by a first mortgage on all the physical property, rights and franchises now owned by the West Penn Power Company, the replace ment value of which, based on prewar prices, is largely in excess of the First Mortgage Bonds. Gross earnings for the twelve months ended June 30, 1921, were $9,320,331. During the same period, net earnings amounted to $3,246,028, as compared with annual interest requirements on the outstanding First Mortgage Bonds (including this issue) of $1,164,080. GROWTH OF BUSINESS Calendar Palei Groi Net Year Kwh. Earnings Earninpi 1916 177,597,465 $3,022,257 $1,371,917 1917 267,183,354 3,958,794 1,244,837 1918 307,323,721 5,670,767 2,004,637 1919 323,285,138 6,203,109 2,286,792 1920 403,417,811 8,314,220 2,572,063 Halsey, Stuart & Co, inc. Land Title Building PHILADELPHIA Annual Interest on First Mortgage Bonds Dec. 31) $425,000 425,000 711,380 738,380 952,760 A B. Leach & Co, inc. 115 South Fourth St. PHILADELPHIA The above datcmenti we official, or are bited on Information which we rtgarj a relUhle, anJ, while we do not ipurantee them, they are the data upon which we have acted in the purchate of thli security. Alk Q M ev I) 2 101J Am Aftr & Ch 7 Ha rets n oo4 1 nnn 1 mm 1 nnv A S t, H'K us 11) 70 1 70 11 7D 8 70 1 7!f, J.. .. 70 1 70 Atnn T & T ell 2 R04 Amn HTJi i 8BH 1 SSH Amn T&TOs r,.... 100 1.... 100 3.... 100 2.... 100 1.... lOO'l A T A 8 J 4a 7 77H 3 77 0 77'i i .. . 77 S, Atlnntlo rtcf'K ct fl'is 1 101 1 ... I01'4 AtlnB Pivdr Co vvl 7 ',4 s 1 OOii 1 no. Unit & Ohio cv 1 71 n 70 1 70't rtait & Ohio u 2 70 Halt & Ohio 6. 1 72'4 2 71 8 71'i 1 7H, li ... 72 Halt & Ohio (In 1 !init 1 00 DtOPlC A W Va in 1 07 1 07 1 00 1 oou B A O Tol .In a r.5H 1 r.r. 1 r.!Pi . 1. . . OO ITell Telephone of VO. 7a 1.... 10.1 1.... w.vi 1.... 10514 1.... lO.Vi 1 10514 Beth S 0a '.111 1 77. I Ilkn Kdl Co 0a tHAi.ns) m Jioool Ret Idl 5 MO B. . . 784 Del LMI Co Of 1 88W 1 88 D Match 7W 1 ... 1034 2.... 103. l(a 0) 103H Do Canada '20 3 02tt Do Canada '20 03 U D I Nemourn Pwrt'r 7 '.4 a 07; 07i 07 Vi 07 'i 07 H t)7'l 07'4 074 Erie (lent Lien l..M. 43V4 2 43H 8 434 1 .... 43'4 Orno'l Klcu 0s 1 87 Oeno'I niro 0s :.... io: floodyfar Tire A Hub'r 8a 2.... 102'J 1 .. 102'; 2 ... 102 1 ..102 Oovo' t French 11 7'n rcta 4 80U Mo 1'acina 4a 2 fit 2 Bitt Monternl T Ba 1 78 N T Cntl 8tt ft 07 N T Cent'l fli 1 02 3 03 10 02 2 02 20 024 N Tk Cett 7a 1.... 101 N Vk Cent'l V Phoro 3V4a B 03 K Y Connect' H n 4Via B 77 N Tk Tela Of 1 03 T B Dt 1 04 Nla F Pnr Bb 1 OH. N'k So'n n Ba 1 40, Nfk A W d 4a 4 77'i 4 77 N'k A W cv 0i 4 ... 1034 a 103 North We'D 11 Tele'n 7s 1024 n. 3.. I.. 3.. 1.. 0.. 1.. 1 . 1 . 1. 1.. 3 . 1.. 1 . 1 . 1 . I.. 1 . I.. 1. ... 1 1 1 noe't 1 1 ... 1 1 lis 0) 100 n no 2. . 1004 1. 004 00 Vi no 004 004 004 004 004 no 004 00 4 004 no no4 0S4 no 4 no no , 004 004 no 4 00 004 Ofl'i ' P. 8a 1004 100 ioo v; i sn Bkn Udl C 7a 1 00 Cannd'n Nth'n 04b rcta 3. 4... 5... 2... 1... 4... B... 0... no oo 094 08', 00 no no no 2 094 Canadian N 7a 1 103 1.... 103 Ctl Leather fif 2 80 1 80 8 801 Ctl I'uclflo 1st 1 78 8 734 Cerro do I'aaco Copper 8a 1.... 1004 1.... 107 C & Ohio 4 4a 4 7B 1 70 1 73 C A O cv 4 4a 2 77 3 70 C'lc A O cv Bn 1 824 2 824 Chi A Alton .If 100 10OH 1004 1004 IOO'.; 100 4 100 1004 00 4 1004 Gil Trunk rcta 3 ... 102 1.... 103 il Nth rtwy 7a 0.... 100?! 1 1044 2 (a 0) 1004 1... 1... 8... 2 . B.. 1.. 1.. 1.. 1.. 8 1.. 1.. 1.. 1024 1024 1024 102 4 .1024 102 4 1024 1024 N Pacific 8s 1 87 N Pacific II 4a 8 77 0 77 Ore A Calf 8a 1 014 l ni rac asEi! B 784 Pao T A T Bn 2 85 3 844 Packard Motor Car Co 8a 2 00 ' 2 .. .. no 2 ns Pa It trm 14b 1 80 Penna ltd 04a 2 004 4.. 7.. 1.. 7., 1., 1., 1., 1.. 1., 1. 1.. B . 1.. 3.. 1.. 1.. i.! i.. 3. 100 1004 1004 100 4 1004 100H 100 1004 100 100 H 1004 1004 100 H 1004 100 4 100 100 4 100 100 Hud A Man fd 1 074 4 074 1 .... 07 4 0 07 4 1 07 I luil A Man In 1 42 004 00 00 no 4 00 00 4 00 09 4 no 4 00 4 00 4 00 4 Penna It 11 7a 1.... 1034 1.... 103 1.... 1034 1 1034 rortl'd Ilwy A LlKht 6a 2 094 rub Serv Cp'n N Jay Bs 8 07 Heading Co 4a 1 784 1 784 rtep CtiWo rcta 2 00 1 00 1 084 1 084 Rcp'o I A 8 Ba 1 83 4 Klo Grande A W'n clt 4a 1 82 Kochcater A Pltta'h en 1....'. OO'.i St LAS V al 1.. .. 07', 1 . . . . 07 S St 1, A S 1' In 87 1 43 Til Cont'l 54i U A A dhar 8 ins. 1 87 4 Chi B A Q Km 1 80 Chi II A Q neb 1 02 C U A Q 04a 8 ... 1004 1.... 1004 1....' 101 1 101 15 1004 3 . . . 11104 t . 101 15 . . 100 1. .. 101 2 . 1O0 4 2 . 1004 Chi A U W 4a 1 ... 82 ChlcaKo Mil A StP cv 44a 3 .... 074 8 ... 074 Chicago Mil A StP em 44a 8 70 C A Nw'n 34b 6 004 C II I A P fd 2 08U 8 084 1 08 12 084 2 OS 1 .... 074 III Cent'l 04a 1.. . 100 30 ... 100 5 ... 101 3 101 Indl'a Steil 8a 1 804 Intboro P. T f d 80 50 30 85' 50 f.O 50 1.. 7.. 1.. 2.. 2. 2 100 09 T4 100 004 100 , 004 , 004 V B Mexico 4a 1 31 U 8 Mexico Bf 2 454 1 54 2 454 2 454 t) 8 rtubb'r Ba 5 70 1 704 8 704 V 8 Hub 74 4.... 1014 2 ... 101 1.... 101 II 8 Hmlt It A Minlnc 0a 2 01 U'd Steel Ra 1 04 2 ni o...... 014 1 04 1 01 Utah V A I. 61 1 78 Va- C Ch 7 4a .... 01 .... 01 nt .... 014 Hwya Ba 83 4 1. 1. 1. 1. Va 2. Va Bly A P Ba 2 .... 034 Wabaah n lat 2 .... 804 Waah Pwr Ba 0 80 WAR Mfg 7a 1 ... 1014 3 ... 1014 WALE 44 2 80 W-H A C'n lat 1 50 Wllaon Co cv 1 81 0 ' 804 Wllaon Co let Liberty av. Liberty 2c! 4s..., Liberty lnt 4 k.. Liberty 2d -ls.. Liberty ,'ld -JnW. . Liberty 'Ith -Iflls. Vic Notes :1!!4h., IVc Notes -1 :H!., Illirh HS.rU 87.IM 87.80 87.70 1)1 .1)1 87.RI IIS.O'J !)8.0S Low 8S.J0 87.04 87.80 87.00 1)1.88 87.80 1)8.01! IIS.O'J 80 . 80 . 80 1:30 rJ8'.r0 87.04 87.80 87.00 1)1.1)0 87.80 llS.Oii 08.01! LONDON STOCK MARKET Dollar Descriptions Flabby Homo Ralls Quiet Kaffirs Firm London, Auk. D There wns nmnll selling of oil kbareB on ibe Htock cr ebnnRo today. Shell TrntiNtHirt nnd Trndlnc was 0 .1-32 and Mexican Kagle was 5 a-32. Tho undertone of dollar descriptions was flabbby and prlccn were lower. Ilea lizlne caused n further drop in Ar gentine rnlls. Homo rails were quiet nnd mixed. Mexican Hallway Issues scored new gains. Some gilt-edged in vestment Issues lost ground. While unchnnged. French loans wero nervous over tho Sllcslnn situation. On bumper Hand profits for July, Kaffirs jvcro firm. Tho rubber group wob dull In sympathy with the staple. Indus trials were well maintained. Hudson's Hay wus O'i. Generally, tho markets wcro feature less, with trading light. Tho attend ance in the house wns not large. Financial Briefs Vi? ,muoh;lmproved condition In ih bond market, aa llluitratid by the ateady advance !wV"? Iai mont" "nd broadening ton 2?.ncy J.? Include all Kroup. oven many la fuea which hava bfcn Inactive for tome time la conalderad by bankcra to bo not only a also Hn Indication of a return of confidence in recurlty values among Inveitora. "-"'"i"00 fo7hi1,mrj'ICrSM,ocom'itlvo .Company reporla ror tlio Elx montha endM Juno 30 laat not onrnlriMa applicable to dividend, of 3.00l ,04it. dividends S12.10 1 Ktrwlr at u a pnure. Thoj ?!' aSer ,n? pasroent of preferred for tho period, the equivalent of Mure on tho .23 000 000 common in iiutj Ui '-! Vil n urine "anPaJ" W".h 333 027 earned for .rtiii h-ft Blmr', un th common In :dlnc half year and J2. 777,109 or tlie annuil eam.nKa "lock, oi the preceding 1020. a ahatu on common u thoTirat 'half of Durln porta 20 . .1. . 1 . s.. 37 57 4 57 4 574 57 4 B7 I M Mat Inn 0, E! 3. 1. 12. St L A a Fran Serlea A I .... 01 3 01 5 02 20 .... 01 St LAS Fran Series II 3 ..74 4 t L A S Fran s-ries C 1 00 70i, 1 70 4 lnt'1 Paper 8a 1 80 Jap Oovo't lat 18 .... 83 1 . .. 85 3 .... 834 2.. .. 854 Jap Oovo't 2nd 4 85 4 3 . .. 85 7 ... 834 Jap Ooven't 4a 03.. .. 714 Kan C Ft 3 A Memp 4a 5 07 3 07 l1" Cot"!.;l,Kanc'i-t s A 3 034 03 2... . 034 1 . .03 2 .. . 1134 1 . . 03 1 04 Chinese Gove't IIu-K Ity la 1 City of llerKen 8a rcta I .. . 00 4 City llemo hi 1 00 4 1 004 City llord'v. in 1 Memp'a fli 1 074 Kan C A C 3a 2 57 2 87 Kan C A H Ra 1. ... 77 4 2 774 l tm nnv. mil.. 18 k C T Itly 4a 1 . 73 1 1 ht I. 1 Sow'n en 03 03 4 Sow'n 8a 17 Ctl Lhrts'a ss 1 ... 00 4 t'l'y of ("upon. IwiKcn 3 4" 1 1 1 City Kelly Hrrlnw J Tiro Co 8a t.. .. 07 I . 07 1 00 I iinii. 'l K nelKluni 0a City s .. 784 . . 7SU Lyons 6a " no 1 1 i no i.v ' I in w City Toklo Sa . J 5 III 4 2 112 1 1114 1 02 City Zurich Sn 7 lull v i i mi i . l'1'.l Cl'n Ch' A K'ndm "on St Louts Hi l noi, Ciilo 4 So'n la, 1 S4 C Tub A H (la 1 70 C'ona d Qas 7a! (1 . IIC Holt I 3 I 1 1 mark 1 Cl'SH 10.' 102 1 i.l 12 4 1H21 1 2 10'."t I liU't KliiKiloin Not way i-l fa 1 . .. 101 2 .. . 101 s . . . 1014 1 104 4 Lehigh Vul la 1.. . 71 L A Myrra 3a 1 brt'i I. Ial H 6a '37 2 . 01 I.orllluril C 7 3 (a ill 10(1 II n r I.l ml Oil Ha 1 . 034 1 02 Man I! 4a alii 2 3114 Mkt .it Hy 1st 3 70 3 TO liiiimark Con 3 70 ct A 8a I 3 TO 1 10041 5 70 Denmark Con i.Mex Por'm ba 1 1 1 Cuban A 8 ... 1.. .. 4 . . 8 ... Cuban C 1 .. 1. ... 1 1 ... I 5 15 1 ( ill a H 1 Pol A 1 1"! 1 02 10 J S Na no 4 no 4 110 nnv 004 1 H OV (11 64 4 (11 115 (13 4 (13 115 'I I 4 (14 4 Co in lis Hud'ov h.'i Et P'l A Sioux City 7a 1. .. 024 Hno Paulo of Uraall ct 8a 1 084 Heab'd A I. aj 2.. .. 28 Soab'd A L fd 4 40 Sinclair C Oil Corp'n 74s 2 .... n24 1 02 4 1 . . n2 1. 02 H'n Dull T 5a 1 . . ''2 1 S2 So'n Pacific fd 1 .. 70 3 . . 70 4 So n Pac cv 4a 2 . . 81 1 .. . "14 1 . Mi, 5 SI 4 So n Pacini- ,'i 1 'in South'n ltl 4s 57 4 Pnuth 11 ltly 3b 1 3 -Mun.l il 'll of C nl.f Ta l"-. Hit .1 I "ft I l0 11 ni I 1IM1 Tfim C Ir.m A It U Co :.rt x7 101 rhlrd Am. aj 101 1 1 33 100 Third o la 101 1 ;,14 102 ,l'i I.Mv.it.T nil 1014 C11 it f.'ji m rcta I 1 Vi5ta 1"0 I'nluii Pao rv 100 I 1 iM, I 2 (s 301 M4 I'nlon Par la J 2 SI II' n Tank i' 7 I I I'll 4 1 - un 4 1 1; of li 11 IE. . I d I".' I li'i 13 I K of il llrlt I A. I' I I'i'.'J 014 014' 01 014 014 114 1144 1)4 4 74 1(1.1 1 j mo 1 ll'l '.111 nn la (II till . lis . . OS'i .... HO . . no of fl llrlt A I'd 102H 1 . . 811 I . SO 5 . Ml 1 -'.1 2 Ml 1 h4 C K of 1! Urit f. 1 .1 I H37 ct It 8a 1.... 1014 Den AH a 14 4184 5. .,. n 1 Bti Win m r a s Bte U 4a 1m SOU II 1 I 1 1 3 i 12 . lis. 1,. ST4 ST 4 S7 4 ST 4 S7 87 4 87 874 87 87T4 88 U B DraiU 8a Oo.. 100 nr the drat nx montha of 1021 Im- ,.".111 in cniae on rrom Men ..,..i .wL.il?",.1 ,n0.1r"'0 '"""la a month. hllo onmeitlc nrodurtlon m-cr.iKed nearly 40 000 0U0 barrels a month. Mexlmn Imporia ahowo.l a tendency to decline m tho uit fe" montha droppln.- to 0,147,000 barrela In Mav..in?. a ntitn or 13,152 noo barrola lmnbrteii n Lrn.Ufo26. and 18'n3'0 ""'3 InNucm- There's Only One Business Man We Can't Benefit HE is the man who sells for cash and cash only. But no matter what may be your line of business, if you sell on credit, you need "London" Credit Insurance. You need it just as certainly as you need life insurance, when you have a family, or fire insur ance, when you live or have your business in a building that can burn. Any one of your debtors is Just as llnble to fail as you arc to have a fire or die. It happens every day. Yet, absolute protection Is now nlTordcd you In "London" Credit Insurance. Why don't you take it? Asking our agency for full particulars doesn't obligate you. oimsuPEiv SERVICE Losses Paid In American Qirrrncy LONDON GUARANTEE AND ACCIDENT COMPANY LTD. K. A. IRVING, General Agent Credit Insurance Utyartmcnt IKokci, Packard, Hauahton & Smith, Managers All other casualty line. Bell rhone-Lombard 4190 434 Walnut St. KeTitone-Maln 419.1 (,.5pa?lBh nivr Pulp ana Paper Mllle, v, .w. jizm rmiei juno ''(hdiiUKn ox 80. $4,830,001. compared I.tnv reports net J8.01B 051 in nV.,...''.-V.,,,1'a Si" balance, after Intercut, waa 13,043.130 com- iua 2.000. unil .iirnlii. 348, .ao. compared with 11.000.- rnM0lL",!''k "fl". "nlted State,. Ineludln Kold coin and bullion In tho Treasury ea tabllahi'd n new hlKh record tor all Mm. '" ",:"!, .1 "t $3 2 Oos. I0S. an In'ml" oi u ..jui,.7iii over July 1. The Inrreaa il Bold tnck for the drat (seven montha of I'm current calendar i-nr atanda l tic onormoUH sum of j:.03.773.081 ..r conildr ally inor- than the annual world outuut lI the jellow metal. Several larye Weatern rallroii1 wh'ch wero rot earnlnu tholr operatlnc expeiHcs Ihat aprlnw, ahow July eperatlnit ratloa rnnc Inir from 80 to OS. dcBplto heavy repair work, much of which had been deferred. Ilur linrton rrtlo Is well below SO. The averafro price of the twenty active In duatrlal etneka adwnccd 0 07 per cent ice terday to (IS 03 while the twenty railroads declined 0 02 i.t cent to 72 01. The report of the Oulf Mobile and North ern Itnllroad for 1020 ahowa corporate In come after taiea und chamen of tlfi SL'7, lOiinl to thirteen cents a ahare of tho $11. 404,400 stuck I'pr the three montha endlnir June 30 the Natlonnl Atrie (.itni.in reported net wi'cs of $1.4:.3,7L'1 i mipariMl Willi $4 734.h.10 m tho a.ime iiunrt.r of 1020 Tlie Pacific Oil Company rpporta for the al montha endeil June 3D laat a aurplu nftnr chnrKes, depreciation depletion nnl ordinary taxes of $i.t)8n.lt)3 which la equiv alent to $2 RT r ahare earndd on the out atundlne caplul stock Groaa earnlnBa were $18,703,223 and optratlnc expenses I7.U54.-203. ' IB n ' ill m s m ' Ini l III ';fl I I Iff, ' 111 fl Mil I ii III ; III f ' V ai - t II A ATYOUa SERVICE Established . Eiliteen Sixty-nine For Special Information Consult Specialists on That Subject To obtain tho most reliable information on any sub ject you seek the advice of those who make an ex clusive study of conditions relative to that business or product; engineers, lawyers, and doctors each serve individual needs. In like manner, specialists in Railroad Securities aro better able to serve your requirements in supplying; exact and detailed information relative to the rail roads and their obligations. Our work in compiling and keeping up to date an analysis of the railroads and their securities enables us to decide which are the best at today's prices and return the highest yield compatible with unquestioned safety. BROOKE, STOKES & CO. Member Philadelphia Stock Exchange 140 South Fifteonth Street Philadelphia 734 Fifteenth St. N. Washington W. 102 St. Paul St. Baltimore Directors of tho American Susar Refining Company are aoheduled to meet tomorrow to oonalder action cm the common stock dlvl- aena ueeent nuciuanonx or tno stock nre taken to Indicate that thare la considerable doubt in the mln la of tradera over tho posal blllty of tho dividend helm; cpntlnued. Receiver of the rittabiirah Railway" Com rany wero ordi rd lv JihIko Charlea 1 rr in tho Unltvl St. net D'ttilct Vourt. to pay to tho Consolidate J Traction Company fluo, 000 and Intrreat Trc Hum repre'enteil In terest on mortif.ifce of trai tlon company, which, accord'nu to decision should have been paid by the railway compnny. and f r which the troctlnn mmpanv h-camo llablo when recelvera fallc I to pay It. Shattuck Artronx Copper reportB fur ouar ter ended Juno 30 detielt after expenses and taxea IMI.0A2, acalniit deficit of JS0 112 afte expensea and tnxea of previous fu.irter. LOCAL MINING STOCKS ,- J DON'T SEND FOR THIS BOOK of Graphic Charts UNLESS you've made up your mind you wish to take advantage of tho present nevcr-to-come-again opportunities in the STOCK MARKET. TTotla the tdltion lasts copies .ciIJ Be gladlv sent upon receipt of 10c In afampa to do trau coat of mailing. Write or lt-t0. i. F. fYicGQIJERM ft CO. llemh-ra of I'lilln. Ptocl Tlxehnnca 1430 houtli I't-nn bg.. l'hlia. hprure lillil K.ire .'itKi Order exriutrd In all Markets ;ew arU; 112 Uruudvtur M ww..-ie.flnrw?..ir T I Price Wfilinghoui Airbrake Ca-V.llmen5tng,IVnti. quotations should mean more than a mere matter of figures. Look into the character and reputation of the bidder. McClintic-Marshall Company (.rneriil Olllree. l'lltnlinreli. Pa. rh'ludelphlii. .tlorrla lllilc. i hi, as., Sum 1-h,., hcq McQintic-Marsliall SteelBridges Buildings Hid A a I. Ci(h Hoy .. ox. on .Ilni Hutlor 07 .in .MacNxmara "1 IS den-em no os Mldvviiv II n MlMih V.xx. . ' mi Montana OX (ii Ncirlh Slnr 'l .ox ltoacuo Kula .... .'.'0 jj T 'ii.ipuh Ilxt I l1!, Went Und . . TO .7 Ueat Tonopull 0J .()( I) 1IT slOi'hS llled Divide .nl ,C2 vllo Divide . ":i (it lleli her . ol i .' Tetcher Kxtcnaliin (i'J o.t Hen Hur noi4 1'rouuh Divlile . . . .il" .i Hlvlilj Kxtonlor .... XVi .Ml Divide Con n'J (U Dividend 113 .OB Rntii Dlvldi 0'.' .0,1 llnrmlll ... 10 12 lluabrnuok Divide .. .02 'ill HlBh Divide m ns Ivtinx II .11 lieven Divide 0,1 (ij lleno Divide I1 ii.1 I.ie(( i wj Jtf llvor Kind 01 Oj t utlieilnrid DB "ij lunopnli Divide 7'i .si I in.it ih liiiahpiui It . ".' .0 1 VliMfirv Dlvl.'e n n , nl Divtib ... 'i I nt ' 'I v . II .ft (iiil.Hl'ir.1 D Mi'K 1 Hi tu .ill I i llllillUIII ill I'l , I .Ml I I I Ht'UiM llii U . Ill ,iX Diaimin.lt'i ',i II II n i . Kim em i' . 4'J i;,ii,ir,,-nl i' n , (i.l ,,,, Clol.l Dcvelupin, hi n: ii I! ddlluld Deep Ol o (Irent Hend . ... OJ 01 .lunibo Kxtennlon na -, KewuniiH 0J (in l.i no HUr 0J .11.1 tlm .U'l'i Red Hills tv, ...ii Silver Tick . 11 m yptarliend . . . u'J ,i , MISi'l'.l lAXBU'i Ampaio . ... 1.10 i jii Al z n,.i I nil,'. I . ii i -, I'lllclullU . . . Oh n l'di'll . ..In .,, llllllll.l SIU.'.- . ii. ' ,,.) Kurt n Ci. , -.j u j'i i:iii,.in ii,. 'i . . i, p ii ii i mi i , M .ti. i i !, on .-, o .J Ni'V i I i inn in S. l iili H I. . s Mli.t-H IIJ ," I T .1.1 n Mi ill : .117 , .; V hn. i'a(ie 11", 1 Wllbirt . . ill nj An Underlying C. B. Q. Bond Lcyal for Sarniq. Ranks in 1 ', St a' cs Nebraska Extension 4s, 1927 Secured by first mort gage or first mortgage bonds on a total j:f 1,471 miles of road at the rate of only $10,790 per mile. Offered nt the Market To Yield about 5.80 Bonbright &. Company "ir7 Clu'stuu: Street I'hilndclphi.t Nc'v .oih Clnrngo Hoton Dctiuit Ohio Tower 7s, l'J51 (tetu'rnl Mphalt 8s. lil.10 Mpfopnlitan IMison ,"s, 1922 HENRY D. B0ENNING & CO: sioru i: ii vn.i. in it. dino lee,iliiiii., to Neiv York "-r'M i, i xrn inne D.r,', i l'i It ii Mini'n r I'lill tin Wf it. lllvii l ll v. I mi vxTv" Tin. noi iM.iiM or rii'ii:r.N.vi si ri it t I'm miMis inm i:i i-viitTi, Mntii.,i in ni t i.iiui it ai looo. Vim Are ir,lu utltle, -hur the under r Kli 1 lri', v .. i.e i , i'rri tor lh ii.MhH-i o' loi drf Inm the ,'nk!nij Vnnd tin , l tor bv u.il iri'iuuKi. u,, until trte.v, n.loik ii.Hin un me tlilrtreiith day of Viicuxt. IIHI. (Ifteri. h,.u. I ulat, "0i n mil., r nf ill" tonde and the eniount for v, I i n .I.e ...iiiie nun punhaaed by the liiiHiee. a'si mate that nl. m any portion ol t,.iini i,i I in --UI n ml, I iur. "" Mir- SCllASruS TUT M' cuJil'ANV rni i it ' 3ii S j' i nlreet s-'iiiinn Va rroiinMil Till. (Illlli (IINMUIM, IIMMVAV ihiit in ini" irniNlir .ikl I ". I It J ll. to. ISl n ii i i i ' i I, Hi 1 1 uit .. ,i -i. 1 1. i 'n ii v I i . I li'i in I -in Is i(5', ll' 1 un ..i I i j 1021 mpan KIX i mil be the Nlnk- "i ft price parls Qour6e Dull l'nrli. Auk 0. Trading wti dull on the rtourir. today. Three per cent rentea BOf 330. Exchange, on London, .tot T&o. Five eer cent loan. 81f 4 So. Th dollu -J v. American (i.iw fis. 20IG Public Service N. J. 7h, 1922 American (iits & Klec. (is, 2014 American I'owcr & Lt. 6s, 201fi l'hila. Sub. OaH & Klec. 5s, I9li0 American (las & Elec. Common American I'owcr & Unlit Common Comitioncalih 1'. K. l.t. Common BAUER, STARR & CO. l.i lid Title n.illcli.i't IMiUiiuVhihlu New ork (Mile . 1 Itnior Mreit '" ' ' ' " i W... l,, , b, i on, v iVn New U IVVdlM'sd iv uf'eriK,..,. ;tl. I1UI. li "1 " r, ,1 , n uleinlier 1 i that -luv I' require I (mt be made within t n il.iie T. II U McKNIOHT, Treurep, I I, i M r, it " et da iriumv I iiinem Loan inrl III 'Ity befnr. I ....... L '-"" "muii nn aeitv- ""r lunula ueiivery wM ntm-i itv mi: Ar hi V i K'l i 1 mi, ,li, I'tJI. f. i H.I'MITIIIM. hi I'vuv.'J" ,. , U lldlll ll fa.h w,m.. -T" . .. ' - -" "H'lJIl, XJ. XJ. I 111 Mi . I hi..,., wlllIKi he ' " il' Nt Auru-YiK I I , I III -I, i e vl I ll II. it r i ,11 .11- !! . .1 .1 . t .11 1 1 mmzunloe " I'untnrne mined rrun ra orfkt in. Kuwrtt. more ActllU I'llllM ItslUI-N BONDMEN Experienced In olty or In atate. aivo (uU particulars In strict confidence n 200. LKDOEJi OFVICB MM 1(1. IS III llKlll imiA I'HAT Till" i pun in re , p , i i , , i,,,j mit,,i liih. l-ilub.-rs nnd s tiii.n ( 0,,n. Vra"f" a. I'ruivn I'mwr Milt I'limiiamr, ' A ' "jiiSr, Houth nt i hereby dl.-iolved by mutuVt txm". aent All uocounu due to and all awMttXa payable by 4ld company to thli' SittTXl aieumed by .d i,ouU K.lnberr. Slnb5 X. COIUtN, S i mm m vJ'I - 1 1 m VL, oi 'JV , to lf :w I A i im "v jfwv' taUCvt IU eM6 "
Significant historical Pennsylvania newspapers