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EVENING PUBLIC LBDGER-PHlLAlDELPlalA, 'THURSDAY; AUGUST 11, 1921
j
I Georgia Ry. & Power Co.
in c Kot. by0 uonui
Dun April, 1954
Prlco 7S nnd Interest
To yield about 7
Ohio Power Company
lt & Ref. 7 Bond
Due Jan. 1, 1951
Price 93 and Interest
To yield about 7.60
General Asphalt Co.
Convertible B Bonds
Due Dec. 1. 1930
Price 100 and interest
To yield about 8
Republic of
Uruguay 8 Bonds
Due Aug. 1, 1946
Price 98'i and Interest
To yield about 8.20
Elkins, Morris & Co.
Lund Title Hide. Philn.
New York A
Members
I'hlni. Slock
Exchanges
NEW LOW LEVELS
NEW YORK STOCK EXCHANGE TRANSACTIONS
FOE YEAR SCORED,
Big Disturbance Overhanging
Market Reported to Be
Cleared Up
U--,-, , .. 7
'II
INVESTING
SAVINGS
W
E SHALL be
o-loH rn nccicr
y o u in the safe
investing of your
funds in conserva
tive securities
yielding up to 8
with safety.
Kindly unlf for Circular K-1!
CASSATT V CO.
Estabhthtd 1872
COMMERCIAL TRUST BLDG.
PHILADELPHIA
NtW YOB
DALTIMOnt-PirrSDOQGM-SCn ANTON
e
EQUIPMENT BONDS
N. Y. CENTRAL 7.
1924-26, to yield 6.40To
PACIFIC FRUIT EXPRESS 7t
1926-28, to yield 6.50
CHICAGO, ST. PAUL,
MINN. & OMAHA 7.
1930, to yield 6.257c
STANDARD TANK CAR 7'2
1923-29, to yield 8
HARVEY FISK & SONS
(Incorporated)
NEW YORK
CHICAGO
BOSTON
BUFFALO
LAND TITLE BLDC.
PHILADELPHIA
Now Yorlt. Aiir. 11. NntwithMnnd
ins the nssurnncc given of the clenrliiK
up of one of the disturbing Influence
which hml been ovcrhnnglnR the situa
tion during the current week, there were
mnnv weak spots In today's stock ninr
kct with additional low records for the
yenr scored. No section of the list, ns
n mutter of fnet, wns exempt from
weakness. There wns every indication
of forced sellinj of speculative holdings
for n long period and on which severe
losses hail lvcn sustained. While pres
sure automatically relaxed on the de
clines, the market, as n whole, dis
played feeble inllying power nnd drifted
into a narrow, apathetic rut.
Much of tne inisgiings manifested
earlier in the week concerning the un
seen disturbance which It was generally
i ('cognized was overhanging the market
were to a lnrgc etent dissipated over
night by the clearer understanding of
tins operations in force to clear up the
trouble. It was generally understood
in fact, no secret was made of it thnt
the mntter largely concerned n nnnncinl
institution engaged in financing Hie for
eign trade ami which institution was in
the same difficulties about sk weeks
ago. IUravaagnt llgures required to set
tle up the differences were mentioned,
but those supposed to be in position to
know the real facts of the case asserted
the amount, while large, was nothing
near the big figures rumored. The un
fortunate position of the concern is the
outcome of the unhappy situation In
both Cuba nnd tiie South American
countries.
While the knowledge thnt another
crisis had been safely bridged brought
a sense of relief to both the linnncial
and market community, there was stir
an undisguised feeling of uneasiness
manifested which to some extent could
be chargeable to continued doubts as
to the maintenance of dividends, nnd
which feeling was altogether naturul iu
view of the unpleasant action of the
Amcricnn Sugar Helluing directors yes
terday. Virtually nil of the shores which fea
tured yesterday's selling movement
were ngain weak. American Sugar utul
(tcnernl Electric touched new low
levels for the year nt J1 - and 114 re
spectively. It was the lowest for the
Ilrst-named stock since 1801, the first
year of its organization.
The selling was most pronounced in
Union Oil, which yielded IS to 15i
under heavy offerings through Impor
tant houses. It wns n mntter of gpn
eral understanding thnt n block of over
10,000 shares had been carried b
specu'ative interests and thnt it had
become necessary to liquidate these
holdings. The weakness in this stock
had n direct effect also on other pe
troleum issues. California Petroleum
yielded 2 to IMHjj, nnd n number of
other stocks In this group yielded around
1 point. The copper shares were oIno
heavy, the Utah Copper being in henvj
supply and yielding lMi to -H, and
there were large offerings of Inspira
tion Copper but without enough demand
to permit a large volume of business.
I'ullmnn Company was another weak
feature, yielding lVii to 01 Ms ami
American Sumatru Tobucco yielded li
to -i-li. Western Union stood out in
a prominent mnnner because of absence
of offerings nnd scant supply for de
livery in the loin crowd, where i pre
mium wni paid for its use toduy. Only
a few bales were made during the morn
ing, on which it rose over II points to
above 711. U. S. Steel continued in
persistent demand and ielded only 'a
to 73fiS' Baldwin Locomotive was
down IVi to 723j,.
1101
100
1511
100
toon
103
sua
oo
sot
too
ton
lan
ooo
too
3H30
1600
300
100
1310
400
118(10
I0l)
3(90
.M0
1!)0J
131)0
.100
asjo
.1100
too
1300
4S0O
100
400
100
0000
4200
100
900
300
3300
300
100
330
000
300
son
MOO
100
700
100
1300
o'JOO
1000
100
33011
1100
800
3109
1000
3400
100
300
S00
300
300
30J
100
100
400
300
300
800
niv
III t
4
13
High
Allied Chem & Dye. .. 37
Allied Chcm & Fye pf. 81
Allls.Chalmers 30 &
AlilB-Chalmers pf , . . . 73
Am Auric Chcm 3034
Am Hunk Note S3 14
Am Heet Sugar 29
Am Cnn 30
Am Car & Kdy mj.
Am Cotton Oil pf 40
Am Drug Syn H
Am Hide & Leather. . . 101,
Am Hide A Leather pf 49
Am Ice SSVs
Am Intrrnnt Corp.... 31
Am Locomotive 63 14
Am Safety rtazor.... 4
Am Ship & Com 0J
Am Smelt & lief 3S
Am Smelt & Uef pf. . . 7114
Am Sugar lief 3?4
Am Sugar Tlcf pf B7
Am Sumatra 40.
Am Sumatra Tob pf . . 77
Am Tel & Tel 108 U
Am Tobacco HO'a
Am Tobacco B 119?i
Am Woolen 00 U
Atmconda Copper .... 35J4
Asso Dry Goods . . . 30
Atch Top & Snnta Fe. 8V4
Atl Gulf A V I S S... 21
Atl Gulf AWISSpl 2C4
Atlantic Pet 13j
Atlas Tack Corp IS
Baldwin Locomotive.. 7314
Baltimore A Ohio 3"?a
Baltimore A Ohio pf . . SOU
Bethlehem Steel ... . 40
Bethlehem Steel 8 pt !'?
Bethlehem Steel B 40
Urltlyn Union Gas.... fl"H
Burns Bros 8SJ4
.. Butterlck 3fit
.. Butte Copper A Zinc. . 4'
. . Caddo Central O A It. 1014
0 California Tacking ... o?4
.. Cullfornln Petroleum. 33(4
7 California Petrol pf . . 71
2 Cnl Zinc A Lend 4 5
t Calumet A Arizona... 40H
10 Canadian Pacific 113
. . Ontral Leather 31 't
.. Central Leather pf... C4J4
. . Cerro do PaBco 34 Vt
8 Chandler Motors 47H
.. Chesapeake A Ohio... 6314
.. Chicago A Gt Wcat . 7ft
.. Chicago Mil A St P... 20
.. Chicago Mil A St P pf 39 ;
.. Chi It I A Pac 3114
1 Chi H I A Pac "To pf. 74
. . Chllo Copper 10
. . Coca-Cola
.. Colorado A Southern.
G Colum Gas A Elec. . . .
.. Col GraphODhone
4 Comput Tab Records
7 Consolidated Ous
. . Consolidated Pis Ins. .
7 Continental Can
. . Continental Candy . . .
5 Corn Products Bof...
7
H
n
o
13
13
7
i
0
4
S
8
ft
10
SO 00 2.00
LITTLE ACTION IN
THE LOCAL TRADING
3 tt)0
000
3400
300
100
100
1U0
100
100
800
H00
$300
12090
1700
0000
100
100
1330
4030
100
100
100
100
1939
390
330
300
890
100
100
900
990
400
13)0
230
1390
fiOO
3 .10 1)
300
COO
900
100
100
3700
Cosden A Co
Crucible Steel
Cuban Am Sugar
Cuba cane Sugar . . ,
Cuban Cine Sugar pf.
Davison Chemical . . .
Delaware A Hudson..
Denver A Klo Or pf..
Duluth So S A At....
Elk Horn Coal
Endlcott-Johnson
Erie
Erie 1st pf 18JJ
Famous Players L. .. . 40
Flsk Rubber 9
General Asphalt 40ft
33 V
30
4!a
nt
31ft
8Sft
0J4
44J4
OS ft
31114
3V4
14'
014
23i
34
100
1J
3
l'z
8t
13
General Asphalt pf.
General Cigar
General Electrlo . . .
General Motors
Gen Motors deb 7.
Goodrich B F
Grnnby Coneol M &
Gray Davis ...
Great Northern pf . .
Gt Nor Ore rtfs....
Grene Cananea Cop.
Gulf State Steel
M
83
SO
"414
10
7114
3.1
1G
11
73
20
21
31
Houston OIL 49ft
Hupp Motor Car 10ft
Illinois Central 03
Indlahoma Bcf 3
Inspiration Con Cop . 31ft
Interb Con Corp 3ft
Int Harvester new. ... 73
Int Mcr Marine Oft
Int Mcr Marine pf 43
International Nickel.. 1314
International Paper . . 4814
InteT Paper pf stpd. . . (It
Invincible Oil Corp... 7
Island Oil 2 In
Jewel Tea 0
Kansas City Southern 24 7
Kelly-Sprlngfield Tire. 30
I.o
35 K
13
37 ft
73
20
8014
37 Ji
35 ft
133
40
4tj
1014
iK
H'tVi
30
t2t
a a
?
34
71
W
87
44ft
77
104J4
H8l
117
csu
3414
30
t3Jj
20
30 Ji
13 Vt
IS
73'4
no
so vi
48'
97 12
4SK
OR U
SS's
36 J
IV
in V
801.4
30"2
71
l'i
40
11214
30
C3
24'j
40'2
53
7W
Hit
3114
30
74
OH
31
30
54
414
31ft
85 ft
014
44 ft
05 ft
25
63 Ji
1314
8-0
23),
31
100
i!4
3
1714
5714
13 ft
1814
4JJ4
014
40 ft
S3
50
112 ft
10
71(4
3114
10
11
73
20
20 ft
3014
40J4
10 ft
03
2
31
3ft
7114
Oft
41 !'
13 K8
45
7 14
714
2ft
9
2174
38)4
I 30 Net
1'. it. Chuo,
3514- 114
8.1 -.10
-73
-
?0ft
5014 tm-
25-
133 74
40 -
414
1014 -
49 -
5514 -
30 -
8314 -
37a-
07ot
34-
7114-
3 ft
87-
44ft-
77
104 Vn -
WW -
117ft-
IHV
3414-
29
8414 r
30 -20
V -1214-18
7314 -311
-6014
49 -07
'4 -J8W,-
.SJ4 -
8S'j -20)4-
414
10)4
89 14 -
30
71
4
-30
-03
-24)4-40)4-83
-
7ft
ft-74-
97i -31-30
-54
414
31ft -85
ft-
014-
44!j
-
, n -
13)4 -
8?0
23U--
31
100
11-4-
3 -
1714
1814
47 74-014-40ft-3
-60
113'4 -10)j-71
',2
31 !4-
10 -
11 -
73ft -
30-
31
30 )4 -
40)4-
10 ft
03 -
3
31)4-
3ft-
3
V
1)4
14
14
14
14
1
Vt
IK
ft
14
14
W
14
lft
IK
V)
V
1
14
14
V
Vt
lft
1
i"4
V
14
V
'-
14
I
- 314
'4
114
lft
1
14
W
Kb
114
lft
!
ft
i
14
IV
, - 3i
1
'4
Vt
- Ji
V
114
14
1
14
1
3
IVi
i.i
14
1
1
In t "lnh
8 Kelly-Spg Tire 8 pf. 70
.. Kennecott Copper ... 1R
.. Ketonc T A n 1314
.. I.ickawnnnn steel ... 3814
Lee Rubber Tiro 2 14
Lehigh Valley 81
. . Lima Locomotive .... u
. . Loo wo Co 1 1 14
7 Louisville A NnshvlllelOO
.. Marland Oil 1374
.. Maxwell Class A 41
IS Mexican Petroleum ..07
3 Miami Copper 1074
00 Middle States Corp... 1114
.. Mid vale Steel 23 ft
.. Minn A St Louis 1114
.. Mo Kansas A Texas.. 3
.. Mo Knn A Texas pf... 34
.. Missouri Pacific 1014
.. Missouri Pacific pf.. 30
7 N'at Clonk A Suit pf . . 0114
.. National Con A :ablo. 114
4 National Lend 7314
.. Nev Con Copper 7i
0 N O Tex A Mex 84
8 New York Central.... 09)4
. . New York C of St L. . 53)4
100 3, BO New York IX.ck 30
300 .. Now York N II A H.. 10
200 7 Norfolk A Western... 04
North American 6014
Northern Pacific 70
Okla Prod A Ref 174
Otis Elevator 88
Otis Steel 0ft
Pacific Oil 3414
Pan-Amer Petrol .... 48
Pan-Amer B 30
Pennsylvania R R....3714
Peoples Gns Chicago. . 83)4
Pero Marquette 18)4
Philadelphia Co 20
Phillips Pet 17(4
Plerce-AtTow Motor., 14
Plerco-Arrow Mot pf. 2914
Plerco Oil 7
Pitts A W Va 20H
Stales
100
3090
1000 ..
400
.100 3
100 S.80
100
600
100 7
1000
100
20500 IS
300 3
1000 1
1100
200
300
100
800
1300
100
100
100
000
100
600
100
300
0000
100
100
300
.1500
3800
200
2010
2500
5)0
200
3800
4800
100
300
000
300
4000
1100
3000
.100
200
2O30
800
100
100
Car
8
Pressed Steel
Pullman
Punta Alegro Sugar.
4 Pure Oil
1 Railway Steel Spring.
. Ray Con Copper.
I Reading 67)4
. Republic Iron A Steel. 48J4
7 Repub Iron A Steel pf. 84
Ropubllc Motors 8)4
aty
0314
2814
20)4
7314
1214
1100 5.20 Royal Dutch N Y
400
100
300
100
60
St Louis San Fran. . . . 22 14
St Louis San Fran pf. 34
St I5Uls Southwest... Mft
St Louis Southwest pf 33
'
1
0ft
4 1 14 -13)8-40
-07)4-
7-
2ft
0 -34
74
38-
14
17.
3)4
14
14
V
74
100 .. Santa Cecelia Sugar.. 'IV
100 .. Savage Arms 11
390 .. Seneca Cop Corp 18
1300 .. Sears-Roebuck 05
100 .74 Shell Transport 3014
14000 .. Sinclair OH 18 )8
3S0O 0 Southern Pacfilc 70
1300 .. Southern Rail 19
700 .. Southern Rwy pf 45)4
100 s Standard Oil of N J.. 130
100 7 Stand Oil of N .1 pf . . . 107
100 7 Steel Tube pf 70
100 . . Stromberg Carb 20
lS'.O1) 7 Studebaker 74)4
200 .. Superior Oil Corp 4
200 . Tenn Cop A Chem. . . . 7ft
8100 8 Texan Co 3414
1100 .. Texas A Pacific 22)4
4100 1 Texas A Pac C A O. . 17
3300 o Tobacco Products 67ft
100 7 Tobacco Products pf . . 80
890 .. Trans Con Oil 74
100 8 Trnnsuo Wm Steel.... 33
100 s Union Bag A Paper. . . 00
13500 .. Union Oil 17 74
1300 10 Union Pacific 119)4
100 4 Union Pacific pf 04
200 .. United Alloy Steel.... 2314
500 8 United Drug Mft
700 0 United Fruit 103
300 . . United Rwy Invest pf 19
3009 8 United Retail Stores.. SI 14
5500 .. U S Ind Alcohol 48 h
300 ..US Food Products... 10ft
100 ..US Renlty A Imp.... 40
4100 . IJ S Rubber 60)4
300 8 U S Rubber 1st pf 00
100 .. U S Smelt A Ref 2Sft
11590 8 U S Steel 7374
10100 2 Utah Copper 40)4
100 .. Vanadium Corp 37 ft
300 7 Van Raalto 1st pf 7914
100 .. Wabash 7
300 .. Wabash pf A 20ft
500 Western Maryland ... Oft
400 . Western Pacific 23
1300 . Western Union 70ft
1230 4 Westlnghouse E A M. 43)4
100 7 Westinghouse A Brake 8714
300 . Wheeling A L E 8)4
300 4 White Motor 31 2
390 .. White OH Corp 8)4
000 .. Willys-Overland Oft
100 5 Wilson A Co 33
300 0 Worthlngton Pump .. 38Ki
law
70
17
13
38
3014
61
64
11
100
13)4
41
05)4
1074
10 74
23
1114
1
314
18
37 Vt
0114
w
781-4
974
61
6014
8314
30
1874
01
59
7414
IJi
88
Oft
3.1
4474
39
37
61
1814
20
10ft
13'4
20)4
074
20
5S
1)114
27
25
73
1214
0014
4514
84
814
10)4
23 14
31
23)4
33
214
It
1474
cm
3C)4
18 Vl
75 ft
10
45
no
107
70
30
73)4
4
7)4
33)4
31
10)4
rsv
80
Oft
33)4
CO
18 V
118 ft
04 ft
23)4
63 ft
10174
10
50)4
47
1014
40
49 ft
05)4
28ft
73
44
27 ft
79
7
20)4
014
23 ft
77 ft
4274
87 '4
814
3114
8
0
33
30)4
1-3(1
v. J.
Net
Ctwe.
14
""l4
3
14
314
3
14
tt
"14
"l4
14
1
70 -
1
13 -3S
-SOU
61
04
11 -109
-1314
-41
95)4 -1974
-It
3314
1114-
2
314-18ft-3714-
8114 '14
114
7.1K- W
974- Vt
64
0014 - H
83J4 114
39
1574-
94 -59
-75
-
17i
88 -
0
33 -45
-39
-37
51 -1814
-20
-10
ft-1314-39)4
074-
30 -68
-91
14 -37-35-73-1314
0014-
4514
84 814
40 .
214
11
15
05',-3014-
1814-
75 ft-
1014-
45-
130
107
70
39 -7374-4
-7-33(4-31-
10)4-
6014
80 -
oft-
33
00 -1614-
118ft-01ft-2314-63
ft
103 -10
60ft-47ft-
1014
40
60
14
1
114
il4
14
H
i
14
I
114
14
14
14
1
7i
114
Hi
'
14
Vt
V
COAL STOCKS TAKE
LEAD ONTHE CURB
Farrell Drops Under Increased
Offerings Motors Inactive.
Oils Foaturoloss
14
'o
14
14
ft
114
1
3
14
2
314
14
ft
14
14
114
New York, Aug. 11. The cool
stocks continued the most prominent
fenturcs In the trndlng on the New
York Curb, Glen Alden Coal and South-
em v;oai ana iron nomiug " -.
Farrell Conl. which was in demand a
couple of days ago, yielded from 1- to
ll'ii under increased offerings.
Outsldo of these Issues the market
was quiet, tthowlng little change in the
trading position in any of the lending
stocks. There was little interest In the
tobacco issues, Philip Morris selling
at 3 nnd Tobacco Products Lxpott
wns traded In during the morning at
Motor stocks were Inactive nnd with
out fenture. A sale of Continental
Motors was mndc nt 15. but the mar
ket in other issues in this group con
sisted chiefly of quotations that wore,
too wide apart to permit n material
lolume of business. Radio Issues were
traded in nt unchanged prices, the com
mon selling nt 1 and 1 n1 thc
preferred nt 1 nnd 2. Interconti
nental Rubber was quiet, a wnall
amount of business being transacted
nt 7.
The petroleum group wns also with
out specinl feature, business being
sluggish and prices were generally un
changed. Cities' Service sold in small
volume nt 110 and the Hankers' shares
were traded in nt 13tj. Cnrib Syndi
cate wns stendy with sales at 4. Mara
calbo showed a weak tone, selling nt
ly. to 104. Elk Ilnsin wns also in
moderate supplv nnd rouged from 0
to 5"i. Stnndard Oil of Indlnnn wns
dull, n smnll amount of stock changing
hands at 00.
Mining stocks continued active, Hos
ton nnd Mimtnnn liclne a strong feature
in thnt stock. Florence (ioldlleld wns
also In good demand nnd hurckn
Croesus nnd Nutionnl Tin showed n
steady tone.
INIIUSTMALS
HlKh
Acme Coal ,
Acme I'ucklnc J
Continental Motors 5
Empire Kood -
Parrell Coal 12.
Olen Alden Col .,... 3-14
Inter Ilubbr '
Motor Products 43
l'erfectton TIru 87
Phillip Morris '-IS
Radio Com '
ItaiJ.o Com pref '-
Ilepubllc Tire nub . 3.1
Southern Cenl & Iron 3
Tob Prod Kxp . . . 'i'
U it .Ship Corp . . 1
V 8 Steam ... 3D
United Profit Sharing IS
Strvlee and Stability
The Cheerful
Atmosphere
of our bank will con
vince you thnt tho ren
dering of efficient scrvlco
is a real pleasure to our
force.
We particularly solicit
c o m m o rcinl accounts ;
nnd in addition to tho
usual banklnp; accommo
dation, we offer you the
varied and complete
service posslblo to secure
in a modern Trust Com
pany. '
Integrity
Trust Company
Fourth nnd Green Streets
Capital SS0O.O0O
Surptut & Profit ...$1,760,000
2.v$
wsw.
Analo-Amer
iihtoui ! i. ...
Stand Oil of Ind
STANDARD OII.S
on ic
ir.'j
. 09 1
1:30
Low P. M.
J 1
82 .124
11H 1154
3 34:
7 7
48 43
87 87
3i
15 IT.
3
3 3.1
2 3
Mi OH
HI 11)
33 33
i" IS
IB 15
152 152
ouS ovH
INUKPENDENT H1LS
!.r
aj2
m Siln r- I '
m IB' I i I
tvaum
You Can
Buy Bonds Now
In convenient partial payments
nnd so obtain tho higher re
turns which they nfford.
Our new department will uladly
explain how you cnn apply
your regular saving to tho Im
mediate purchase of bonds.
Wo will mall our booklet "In
vest as You Save" upon request
BATTLES & CO.
Established 1800 I
Independence Sqnnro (Eatt)
iimimiiiinmraimiinnaiiimmnRafmirniriHmiiui;!iPimiannffliinnnmrrrauniHraii
1
Readjustment
of
ALLIED PACKERS
INCORPORATED
T! Plan and
mirnrmodlJumS
ncrgreKnte in excM ' ilvi
of the Debentures, 56 ntU
Preferred Stock and 63,.
the Common Stock. fiZ
of these large deposit,
tho general approval of
Plan as modified the (W
mlttee hns extended the tlZ
within which deposit, maft
made Until the close of m!f
rZZ 0cnSTfEMB,ER 1B- S
The Committee Is unwilling
to attempt to consummate thl
nnrl lln1Bo ,U1,I- il- !rai
now- fixed additional deposit!
In larre amounts are made aa
that the Committee will fed
Justified In taking stops to
carry out tho Plan it wil
abandon nil efforts to consum
mate the same.
Dated. New Tork. Auirust s, uji
OKDHOR W. PAVtSDV. rh.i,-..
ri.lPTON It, DWTNNrr.I, '
.T-MPH P. 1f.NtAaRN
JOHN Ft.ETCUEtt
HKniiF.nT t. poster
WH.MAM A. LAW
KPWINP I.TCW1R Commute,
C. E. Sigler, Secretary
80 Broadway, N. Y. City
- l
- 14
n.1'4- ,114
2bft-
"3 ft-44ft-21ft-10
-7-20
'2-
014
23 ft-
"14
43 -
S7'4-
V
3114
8
0
33 -3614-
114
Vt
114
14
ft
14
14
14
214
14
3
14
214
FOREIGN
BONDS
Before the war the External
Bonds of South American Gov
ernments were in large part
issued in sterling and negoti
ated in London. Now sterling
is down and the bonds can be
bought at less than 50 of
their par value.
They offer investment merit
and good speculative oppor
tunity. We invite inquiyy regarding these
bonds.
HARPER &TURNER
Investment Bankers
UcmbcTJ of Philadelphia tffocfc Exchangt
Stock Exchange Building
Tl "1 1 1 1
rnimueipnia ueadm
Srranton
tffCS5
BH-S,V22,
Spruce 8200
A Nation-Wide
Market
for
Liberty Bonds
Victory Notes
and
Treasury Certificates
8ECURmES DEPA11TMBNT
Commercial Trust
Company
Mtr Fedml IUmht Srtum
Cky Htll Square Wat
Dealings Were of Small Pro
portions and Price Changes
Meaningless
A falrh Heady tone was maintained
in the local market, but tho dealings
wcro again of smnll proportions. The
mnjorlty of the local contingent evi
dently are still content to remain on the
side lines and look on rnthcr tbnn par
ticipating in the confusing situation.
The extension granted the Pennsylva
nia Railroad management by the Hnll
road Labor Hoard to settle the ballot
controversy was without effect. In
fuct, tho dealings In thnt stock were
about the smallest witnessed the cur
rent year. Less than fifty shares
changed hnnds during the first three
hours of the trading, with thc price un
changed at 117.
Moderate selling of Electric Storage
Battery caused thnt issue to fall back
to NWVt. nn overnight decline of
and nearly 7 points from thc top price
scored a week nso. No change wns
made in the utility group, and little
was done in any of tiles,, stocks. The
growing bitterness of the local political
battle threatens to side -track both the
Philadelphia Hapid Trnmit and 1'. (J.
I problems for further consideration
until the fall.
Considerable IntereM wns manifested
In tho report of the operations of the
General Asphalt Company for the first
nix months of th current jear which
were published todnj . This showed n
loss In trading account of the General
Asphalt Company itself nnd its sub
sidiaries of $570, 17-1 to which is added
$.'l.1!!.383 nrbllrnry depreciation charges,
making n delicite for the period of
S!Ml,.r77. of which $7:il,IUtl accumu
lated in the firit numtcr; the delicite in
April being ."$l."H,."m nnd iu May
s."il).:W:t. There was detu ite of yl, .',":!
m dune.
The combined sheet ns of June 30
-hows S7,771i,l)3b current assets, of
which $4,350,1)07 is Inventory and
S!)S2.07 cash; with SUJOii.-MO cur
rent nubilities, of which S1.U1!.".000 is
notes linyable, $523,378 accounts pay
able nnd $243,051 robcrved for income
taxes. The inventor Is found, tho rtj
(ivablei aie good, and the (oinpnny is
in easy position financiall
BANK CLEARINGS
Commodity Markets
MARKET I
11. Wheat started!
with September iic lower and Deiem-1
hiM- a.e to lc oil on .scattered
GRAIN
Chicago, Aug
llr.nk rlvnrliiKu Uxln'.
i A.nnmflnif dav last two
I'lii ft jss.ooo.nnn ss,;..i(m 717
I'hl'ORO 82,000. (100 lOI.L'Oll.lllR
rtoston. 40 7111,303 (Initio 771
IlKlto . 1),S43,110 UltCil&lS.
S V .. BB4.000,0(iO 720.UM,7ai 712,400 134
iiiii'trcd Ith cer-eaiH
loin
ll',UO3,0fi()
sion house selling, iiuying uy uii cusi
ern house de eloped on the break, and
the market had a recovery. The vol
ume of business was not large. Re
ceipts inspected yestcrdny were 253
cars; Inst year loo cars. im u
market wns relatively strong, with a
good demand and moderate offerings to
arrive.
Export business in all positions yes-
terdav wns clost to 700,000 bushels, '
with "local houses workliig 430,000 bush-
els here and 2W),UUU DUrtieis irom au
outside market. There were sales also
of 20.000 barrels of flour. The weather
in Northwest Canada continues unset
tled, with ncattered rains where the
crops need fair weather to mature
properly.
Thc American spring wheat harvest is
progressing rapidly, with tlueshing re
turns showing smnllcr yields thnn ex
pected. Trndo lenders in various state
ments tell of a change for the bettei in
general business conditions.
Corn started fcc to 'ic loer for
September and sC to c off for De
cember, with scnttercd commission house
selling, followed by buying by Eabteru
houses.
Oats opened with September and De
cember practically unchanged. A lit
tle hedging by cash interests was offset
by commission house buying.
COTTON MARKET
Now York, Aug. 11 Following tho
lend (.f Liverpool cables, which were
considerably wenker than hail been
due, the cotton market declined It to IS
points nt the opening today under
Liverpool, wall street aim soutnern
wile house selling.
Aditig nn further reports of hot, dr
weather in the Southwest, locnl oper
ators nnd houses identified with the
trade were fairly good buyers on the
sotbnek. This support gave the list a
better tone, so thnt nt the end of the
first fifteen minutes values were steady
and nbout 7 or 8 points up from the
opening. '
The receipts nt the ports for the day
are estimated at 7000 bales, against
11,21" bales a week ago. 11501 bales a
tear nuo and !2!)il bnles two .eiirs ago.
smnll volume of business. Some nttcn
tion was being paid to switching opera
tions, September being exchanged for
March at Ml points and to December nt
40 points.
I'rewoui
Clnf
.September ' 43
i irt ber
Novomlr
I)t-i'!inue,r " eS
January
Pebruary
March 1 20
May T 41)
July
Bid.
Financial Briefs
n nilgai
o no
11.73
tl.o: (3 07
7.05
7.20
7.3.1J3S
7 .14 11 Oil
7.75
FOREIGN EXCHANGE
Ney York, Aug. 11. The foreign
exebango market opened irrgular.
Sterling cables were 3.05.i ; demand,
checks,
checks,
checks,
checks,
i hecks,
12.S5;
cables,
1.23.
3.05V4. Franc cables, 7.S4
7.83. Belginn cnbles, 7.00
7.51). Swiss cables, 10.00;
10.87. Liro cnbles, 4 30 ;
4.38V.I. Peseta cables, 12.0(1; checks,
12.9-1. Guilder cables, 31.00; checks,
30.95. Stockholm cables, 2O.05
20.00. Christianla cables,
checks, 12.80. Copenhagen
15.78; checks. 15.73. Marks,
Tho rate of premium in Montreal to
day on New ork funds was 10 13-Hi
per cent. The rate of discount iu New
York on Canadian funds wns 0TS per
cent.
Central Kuropenn exchanges were
stronc. Greek. 5.05; Uumunian,
l.HOVii ; Hulgnrlnn, .S5; Austrian,
,1-li ; 1'ollsh, .05 Vj ; Czecho-Slovnkla,
1.2(1; Jugo-Slnvla, .(i2"j.
Yi:STEllDAY'S 1'INAL QUOTATIONS
Sterling I'rancs Lire flulldere
Demand .... S 01V. 7 SI 4 .'IS '4 HO 00
Cables .. 3 US 7 S14 4.3U 11105
TODAY'S HI'IININO Ql'OTATIONS
Sterlln-; Krancs I. Ire Uulldnre
Demand . 3 "''. 7 Z 4 W4 30 05
Cables .
Hire of cauliiment hnn nui, nn imn.t.n
Pu.T.Jn h,'-.!.-nul? Southweetern's earnings Mr
June, and the itlx months and refluots. In a
certain meneure, hat the ,xtent of thin
inr s business deprnstlon has been. Non
operating : Income was only J4U4.2SS for the
lx months of this ycur nxalnnt 100(1.287
liist ye.ir, showlns a ilecrcaae uf $441. SOU. or
WfinVSh "T" .iuP.'.'!.v-i,Pr?tl" income
....o ...,uiu, .KHiini .n,ofu lust ye.ir.
decrease of 1103,004, or 72 Der cent
Endlcott Johnson Corporation, for the pe
riod from January 1 to July 2 reports net
profit, after Federal taxes, depreciation and
?Q'riBC.'"'nrr",' AWM?' adjustments of Inven
tories, of I1,U37.U1D. equivalent, after deduct-
ln'nI"'n,"lte,d,,'LWll.,.'", t0 4-2 ft "hare (par
ffi on iu'8uv.VJs out.tandlni- common.
Ji,'f?mI)art:, wl,h n,t Pro""" of 12.070.028
or 14.70 a Bhare, on 110,300,000 common iri
corresponding- period of 1020, tu'"mon ln
The Dank of Knutnnd minimum rate of
discount remains unchanged ut 54 per cent.
T.h nvriB price of the twenty acllvo In.
dti.trlal itocks docl ned 1.2(1 rjee rent v...
tr.in , nn ni ...1.11. .i ". ' y collv yes
Hoston Wyoniinc OS
Carlb S.ind ... 4
Cities .servlco (old).... . 110
Cities Hertlco "U" ctfa.. 13Vs
Kdmunds li
Kl kllasln l'et
Olenroclt Oil ')
Hudson Oil l'l
Lyons l'et 1
.Miiracnioo un n
Merldan I'ot 12
Mexico Oil ;
Salt Creek Prod 10J
Hlmms l'et HH
Hkelly Oil Js
Hpenccr ret
Texon s
MINING
Hoston & Montana
Cresson Qold
Kl Salvador
Uurrku Croesus
Ooldfleld Florence
Knox Divide
Magma Copper
Mother lxde fit
Natloifil Tin
Netatln Sller Horn
Nlplsslnx
HlHer Mines of Amorica .
Tonopah 1)1 I Ja
Tonnpan jiininic
United Eastern .
West End Con
noMis
Amer Tel 6s 1022..
Amor Tel Us 1024.
Anaconda us .....
Anulo-Amer Oil 74
Al.tiojr 7s . .
Ltthlehem Steel 7s 1U23
Uethlehem Mteel 7h 1035
Cun Nat Ilw hi 7s .
Clilcsico t'n Hta ii.
t upper Kxport Ss lU-'a
(.opper Uxport sa 1025
Uoudrlch Tire 7s
Grand Trunk (l'l.
Oulf Oil 7s
Interboro 7s
Libb-.McNulll 7s
l.lKKi'tt ft Mers 0s
hrais-llni'butk 7h 102.1.
snU.iv Nn ...
humd (HI N Y 7s 10JS .
Htnnd Oil N Y 7" 1020 .
CUrol Oil N Y ' s
Sun Oil Si
Swift Co 7s 1031
HwIhh 5Hs
Texun Co 7a
United Druir Ss
United Hwy Havana 7H s
West Kleciric 7
Western Union OMi s .
67
4
111)
'II
in
i
Wi
12
(10
w,
1
73
07
4
110
'?H
70
111
t
104
12
02
"4
3
1
73
70
14
IS
37
41
12
17'.
4
00
5
4s
c1A
fill
1A.
2 V.
77
OSj.
OS
in
IS
35
40
12
17
S
58
.-
4;
i
78
1A
77
08H
1)7 H
88 S
lUO-
VH n ,h. .....
declined 0 50 per cent to 72 OJ.
yes-
rullroad.
1)7
. 88
.100H
. 97S
B.
I)4t
.101S
.103'
.1004
101J4
117
UVt
. 774
0'.
1004
"7T?
. 00 4
1024 1021
I02J5 10-.H
.1004 1UOS
. 00 '
.100
. 04
.lOOi
on
i
18
35
40
12
17
SS
5S
5
4'i
1
78
If.
77
03H
117 .
S8 4
100S
07 1-3 li7i
08 4 1)8 4
Legal Investment for
Nciv York Savings Banks
$50,000
Baltimore & Ohio
R. R. Co.
Pittsburgh Junction
& Middle Div.
1st Mtge. 3?s
Due 1925
To yield 8
Blodget&Co.
Real Estate Trust BIdg., Phila.
A booklet that will
post you on 800
securities the high and
low prices for
fik
I
nUCEIUNCE
mnim
July and the
years 1910 and
1920 and the
par, capitaliis
tion and divi
dend rate oa
8 00 secutitiei
traded on New
York Curb Mar
ket and other
exchanges,
August l88uc given without
obligation Ask for TlHlS
PHILADELPHIA OFFICE
WIDENEP. BUILDING
Telephones: Bell. Locutt 47M
Keystone, Race 6861
BALTIMORE OFFICE
483 EQUITABLE BUILDING
Telephone: St. Paul 84SI
Direct Private Wires
New York Chicago Boston Philadelphia
Flttaburgh Detroit Baltimore CleTclaal
Jones & Baker
Mtmbr$ New York Curb Markit
Boston Chicago
Walnut 160C
New York
Race 43G9
04
1014
10V.
100
1014
0ll
07
07 4
774
OS
li0
07 4
004
024
"7
01)4
100
04
1004
004
044
1014
ln:i'
1004
1U14
1104
07 4
974
774
H"i
ln.m
014
li'.i's
KM 4
UI24
1004
824
07 4
78
00 4
100
04
11104
$04
Philadelphia Stocks
3 054
7 84
4 30
31 00
DIVIDENDS DECLARED
quarterly
September
3 r
10 to
liar silver
at 874 d.
BAR SILVER
was up 4d lrr London today
Reserve Banks' Discount Rates
Offlctil rediscount rates at the tilve Ktd
nil Heiervo Hanks uro a. follow
rreim i.io
cifs bonds
r.4 Ji
C. S. PA1TON & CO.
SD rilKrtTNlTT 8T9.
IIANKUKS
Rneeesseht to
.AtT-Kjl 8TBVKNSON
I '? k"" nd '
I'uston
, ..ii
flii -idelpi.ia
1 eelnnd
1 ir nnnd
AH.i '' I
I Im-aKo
Hi Louts .
Minneavwlls
Kansas City . .
Dallas . .
Han Kr.nolsco...
Discount rat
rat corni
"I
54
11
11
54
11
54
d
il
54
5 4
S'.t
Com' I
paier
Ilkrs
accept
ft
Sit
v
tral, wit)
54
II I)
II II
54 ".4
0 (I
U 04
n II 54
fl A II
64 BU 64
corresponds with Intsrejt
oatta a. coliat-
oent.
n
0
55
II
August
Hiptember
Octobir
D'-reinber
January .
March ...
f
July ....
Previous
I'lOH
. 1J.N7
. 13.02
. 13 21
.. 13 71
. 13.74
Open
13.10
13 51
18 58
13 02
13.05
14.02
11
A M.
13.10
13 5't
13 01
14 02
1
V M
1.1 "O
13 45
13 47
NEW YORK COFFEE MARKET
New York, Auk. 11. The stronr
Urazil initrkctR and nilviinee In Klo ox
cliniiKo on London led to n letter feel
injr nrotind the locnl ring this morning
nnd on the cull priced worked ," to 7
points above the previous closing
tiKUicH. There were indication" that
Europe was again buying here through
one or two Wnll Stret ttrirui.
Aftir (lie curlr bulgo bad carried
values 7 to 8 points higher, realizing
vet in on n slackening of demand and
prices wirketl off 4 to 5 points on a yerV st.ady, unchamted.
Atluu Powder .1 i inp4n
cnt on cummon. payable
.inpii of record August 31.
United Htaten Uypsum Comran) luarierly
1 p.-r com on common and 14 ijr cent on
preferred, hith payable Heptember 30 to
stn-k i'f leroid SepiemUT 15.
Koith Philadelphia Trust company, fjuar
ttrlv 4 per rent, payable August IS to stock
of rirord Aucust 1
Amorlcan Telocraph aid Cable Company,
quarterly 14 lr cent paulilu Hepternbir l
to stork ot recoid Aueust 31
Ameiican Locomotive Company iinriorly
V? per rent on common, and 14 pel c nt on
prtfoircd. Uith payable .September 3ii 1 1 Hock
of reroril ."eptemrer i.i
rnlon l'ai'ine uawroad company quarterly
ift i.er rent un iinvni'n and sent -aniiuitl li
per cent on preferred, both paynblo October
I to hiock oi recora nepiemucr iu
Southern I'.icltlc quarterly 14 Per cent,
payable October 1 to stock of record
August 30
Newmarket Manufacturing- Company, quar.
terly 24 per cent, payable Autust 15 to
stock of record August 0.
LIVESTOCK QUOTATIONS
rittklmnh, Aug U. HOOS Iiiielpts.
2500 head, Market lower Heavies, jll,
heavy yorkurs Hunt jorkera. 411 75''l 12,
piss 11191 50.
HIIKi:i AM) I.AMUS nenlpts R00
head. Market steady Top sheep J5 50, top
iambs $11
CAI.vr.8 IltrclMs 150 head. .Market
steady Top, 110.50
Kiixt lluiralo, Auii. 11 CATTI.r-ne.
calpts, 175 head Steady I ulves receipts,
urn hnd Wteadj S5i 10 50
IIOOH- Receipts 2500 head, fllow, R0O
75o lower HcavT. 110 25010.75; mixed,
111 "jut 11.50: yorkerm and llsht vorkers.
tll.60Wll.7S.' pits, 111,50; rough.,' SS
(tSH. I4.0IHSI1,
aiiEttr ainu j.Aiiua necipi., ouu n,
??. .iT,erl,c,anP,i',rolcum Institute e.tl
mutos that Ihd daily avrraue uraii -r,iri
on production In tho Unit, d States for the
week ended Aueust 0 was 1.315,840 barrels,
ns compared with 1.314,210 barrels for the
preceding- week, an Increase of 1600 bar-
Thera has been ndnrlttrd to the list on the
Nfw jork Htnck i:clmtnn Uf public or Uru
Kuay J7.600.000. .'fcitlonal City Company.
Interim receipts for externul loan twenty-flve
j car 8 per cent sinking fund gold bonds, duo
August 1, 10411. whnn Issued Substituted on
the Hit the Pennsylvania IUIlroad Company
permanent en-graved 100,000,000 Hftecn-year
114 per cent secured gold bond., due Fob.
ruary 1, 103(1, In lieu of temporary bond..
Substituted on tho ll.t the PlttshurKh. Cin
cinnati. Chicago and St. Iyiula Ilallrnad
lompany permanent engraved $20,01)0,000
general mortgage 5 per cent gold bonds,
cor es A. dim Jnnc 1 1070. In llou of tern
porary bonds Republic of Uruguay bonds
will be printed TOY.
Western Union Bond Issue
New York. Aug 1 1 Tho Western Union
Telograph Company yesterday sold an l.uo
ur fio.uuu.uuu niienn-year noncallable 04
per cent cold bonds to Kuhn. Loeb A Co .
which will be offered for subscription today
at 09 per cent of par and accrued Interest,
to yield approximately 0 00 per cent. It held
to nraturlty.
The Issue Is the first of capital securities
tnado by the corporation since 1907. Tho
stock outstnndlnc on ivhlch dividend, have
been paid at Intervals since 1H74. and since
1017 at the rate of 7 per cent, amounts to
100.786,727 The fundod debt of tho cor
poration. 'J1?'"'1''-"' ho present Issue,
amounts to 148,001 000
Tho purpose of the Ihsuo Is to reimburse
the treasury of the Western Union for ex
rendltures made on account of extensions
uddlllons anil impiovemenis to It. plant and
equipment outside of N"w York anf to pro-
lue luimn ..', (uiwii-i uAiciiniuns.
High
, 282 Klec Stor.104
147 1 Co X A 20
20 Luke Sup 7,i
Jill Lch Xav. o:t
15 Leh Val.. .11 i
SOOtOkla Itcf 1
20 l'a II n . ItTVei
8 Phila Iiih
Wire... TiOij
liniMilhiKleo 22
US do pref.. 20
20OIhilnRT 101!
20 Pitts Conl 54
125 Tono Mlu l'i
25 I'n True .'I0U.
no v c, i... :i:ii
!10 Weit Jer
& A.... 30
1:1 R
Iw P. M.
io:H:)i io:i!i-
20
03
51 Mi
1
:i7
501
22 '4
?srj
54
IU
an Mi
33
29
7 4..
03 ..
oi-Yi
1..
37 ..
50 V3..
22 f
101..
54 ..
VA..
301.
33";5.
Net
Chge.
-
MIDDLE WEST
UTILITIES CO.
through its subsidiaries serves
507 Communities
in
Fifteen States
Wo Offer Its
20-Year 8 Secured Gold
Note., Series "C," 1940
At 95 M to yield SWe
Circular L. M. on rtquett
Fairman & Company
Drezel BIdg., Phils.
Kstnbll.hrd 1002
A. H. Bickmore & Co.
Ill Broadway, N. Y.
DON'T SEND FOR THIS BON
of Graphic Charts
UNLESS
you've made up your mhl
you wish to take advantip
of the present never-to-con
again opportunities In tk
STOCK MARKET.
TTMIe the edition lasts copies wffl W
gladly ent upon receipt of 10c In ihj"
lo defray oc.l of moWno-. Wrll"
J. F. McGOVERN & CO,
Urmhrr. of rhlla. Btoek Rxchiaft
1480 Bomb rrsn 8a.. Poll.
Spruce 0410 BitsHU
Order, executed In all MsxkiU
Mew York i St Ureadnar
Mi
30 30
June Railroad Earnings
Juno buelness of 202 Class I railroads
show, net operating Income of 151,778.0(10
.aved out of gross revenues of 1481,127.0(10.
contra. t.d with $14, 012.000 net operating
deficit nnd Hlll.3K3.HO0 gros. receipts for
June. 102(1. eccnnung to a compilation by
the Ilureau of nallway Kconomlc. The cal
culation covers nil Class I rnrrleis except
tho Detroit nnd Toledo Shore 1,1ns. Oper
ating expenses totaled 1370 OSS, 000. a de
crease of 20.7 per cent from the S47H.771.
000 reported In June, 1020. The rut In ex
penses was achieved mainly thiough curtail
ment of the outgo for conducting transpor
tation maintenance of equipment way and
tructure.,
I. C. C. Approves "Pennsy" Lease
Washington, Aug. 11 The Inter.late
Commerce Commission approved today nc
QUl.ltlon by the Pennsylvania Railroad Com-
tNet change mide by comparison with last
ale on New York mock Uxchange.
I'lIIUUIUU'lILX IIONWS
100 Libert v 2d 44h '12 87.00
250 Liberty 3d 4',Jh '2.8 1)1.74
1 150 Liberty 4th 4'4s '38 87.80
100(1 Liberty 4th -Wh '38 87.00
1000(1 Liberty 4th 4Vin 38 87.110
1(10(1 Viitory 4 V '23 08.70
1000 Victorv 4-V,n '23 08.70
100 Amer Ons & Electric 5s. . 74
1000 T11 Telephone 7 105Vi
iiiiii cons Traction of N J rs.. ill
1000 l'ennn It It temp ctH flVaS.
2000 Penna It It temp ctH OMih.
1000 Philadelphia Klec Int 5s. .
Foreign Government
Bonds
Taynlilo in stcrliiiK nt less than
one-half pre-war prices.
Dollar bonds of same Government
Helling at par.
Ask for Circular IS-7
PAUL & CO.
Member, l'hlla. Htoek Exchange
1421 CHESTNUT STREET
"H
1)0 Vi
88Mj
MONEY-LENDING RATES
both elasnes
per cent for
NKW YORK Money nn rail.
at collateral, opened today at fl
lending nnd renewing.
I'IIILAI)KI.PIIL Cill. 0 por cent, time,
fl per rent commercial paper, three to lx
months il per cent.
Note These are merelv nominal quota
tions the legal rate of lntoret In the rltato
of Pennsylvania being fixed nt (1 per cent
Plus premium and commission, time mney
f r thirty to ninety day. Is loaned at fl tu
I. per cent, while commercial paper from I
iiuny iu ninety uays, l. loaned at II 10 UA
UANUCllB
Dealer in
Investment Securities
.Ifmitiei. New York unit VMladtlphla
Block Stchanaet
321 Chestnut St., Philadelphia
Milwaukee
& Northern Railroad
Consolidated
Extended Mortgage
4V2s, 1934
At Mnrket
To Yield About 6.70
Baker, Ayling & Yom
JOSEPH W. SWAIN. Jr unM"
Land Title BIdg.
' PhiladelpnU
ill, - jg
per cent
I any of control by lens, of the
ana wooarridxe jtsiiroso. 1
nallrc.d, the Cumberland
of the Perth Ambov
.the New York liny
id Valley and Mar.
tvuii iitiM vavu, awu tir am
phla and Norfolk Rallrojfd.
tln.bur n.llroad. and the, New York, Ph
oei
ills-
ama coupon 2s 103(1
GOVERNMENT BOND8
Dili
100'i
.100H
.lOOli
75
75
80
7H
7
1011'.
'TO
104U
.lOOiJ
. 113
panan
P.iniimn registered 2s 1030.
i-iinama coupon 2s iHsn,
Panama coupon Ss IDfll...
Panama rmlstired 8s lUfll.
Philippine 4s 1P34 . . .
Philippine 4s 11)15
Philippine 4s 11)30
II H (lovt coupon 2r 1010
U H (lovt reuislered 2s 1H.I0
V S (lovt coupon 4s 1025
U H Clovt reclslered 4 1035
Dirt of Columbia 3 03a 1U24
Ask
101
1
101
SK
OlVi
01 M
Olli
hi
101'.
lul'i
105
lo-.
Phil.. & Readinf Imp 4'i 1947
Phila. & Re.dioi Com 4't 1937
Peosa. & Norlhweilern, . , ,5'i 1930
Conncctinf R. R 4'i 1951
Reed A. Morgan & Co.
Members of the Phlln. Htock Kxch
West End Trust Itldg , Phila
GRAIN AND STOCKS
Facts and figures relat
ing to securities or gram
cheerfully supplied, wo
specialize in
Odd Lots
Boureau & Evans
130 South 15th Street
Philadelphia
Locust 1131
ttac HI'
Prices Heavy on Paris Bourse
Pari., Aug. 11 Prices wer heavy on tho
nour.e today. Thre. per o.nt rent!.. .HI
franca 47 centime.) exchange on Ixipdon, 49
franc. 08 centln-e.j ner cent loan. 81 franc.
45 centime.. The dol lr wa. quoted at 12
franca 77 centime.
FINANCIAL HOUSE
of International reputation desires to
communicate wltti high-trade lale.men
of proven ability, Splendid proposition
for rlKht men. state age, experience,
phone and full particular. """
n-is, i.rnoKR omcE
Western Power common
Ohio Power 7s, 1951
Conemiugh Power ob, i-- -
BTOCTl KXCIIArfdK "v!f
e by csrtlflcats. We
1 minimum of 6 ptl c
1
T-7-irr
V.
Jif