pspFifilf "V .4 ' '18 WmmG XffiLIO LEfiB-PpiLABELPA OflPAY, A?fitJr. 3ft 3ffil , : ; ; " IK ' i H 1A, vyuKt itW $20,000 New York Central R. R. Co. Equipment Trut 7 Due April 15, 1928 Issued Undor PhiU. Plan The ordinal cost of this cqulpmqnt vna $18,318,300, on which -the compnny has paid $14,603,300 or 30 per cent of the original purchase price. The Now York Central Rail road Company has paid con tinuous dividends on its out standing stock since 1896, the present rate being 5 per cent per annum. The splendid rec ord of Equipment Trust Obli gations and their stnbi.ity nt nil times mako these issues n favorite with careful investors. Price: 103.77 and Interest To Net 6.30 Per Cent MANY WEAK SPQ1S nii.w 111 llimUUIUIIUW. 3'.) TT-' ) NEW YORK STOCK EXCHANGE TRANSACTIONS New Low Records Registered a3 Result of Forced Selling Biddle & Henry 104 SOUTH FIFTH ST. Baldwin Locomotive Company 77c Preferred Stock Free of Normal Income Tax Free of Penna. State Tax We offer any part of 100 shares at 97. To yield over 7.2 HARVEY FISK & SONS (Incorporated) NEW YORK CHICAGO BOSTON BUFFALO I LAND TITLE BLDG, PHILADELPHIA fflimaiMHiiiHiiDiisiMEZiiiJinirraiKa'njffli'xaiiiiiij'.iiiiipa Commission orders ex- I ecuted in nil markets. I I Securities carried on con- I B j.ervative margain. I BIOREN & CO. 1 410 Chestnut St. j I'lillndtlptalii Member of A'eto York and B 1'hlladclphla Stock Exchange p KxtnblUIird 1805 g HiiOTammanrrpiHaKitTiuia!iniiim'HiiiiiiiuuiiMiiiH.HLiniiiHiiijiftwj'maWOT;rB New York. Aug. 15. The clcn fngo between the rnllroad ami indutrin ( V visions wai tightly ilrnwn In to flay , j stock market. The first-named, vW Jo jdiill, ruled relatively Heady or. at lc. it. I were about the only or the entire Ifxt to escape liquidating pressure. In -I e Industrial division in ainm't every in it ter ground ai lost steadily during t ie , morning, with quite a Targe number, of stocks registering new low levels ff for the je.ir. Hcnvv selling came bilitlie Industrial quarter before the market Jvv as a half hour obi and. while without def inite explanation, forced mail o the active issues down from 1 to inorelmn i! points. As noted in tlie recent- scs skins, trading been me consplcuoirf Jj dull on tlie declines, but no effort vvulkscein incly made to rallj the list. Nothlne rould be found in th c over Stindn.v development- of jinrtleu' Jijr dis turbing eharaeter. but it beea u evi dent as the mornlns progress f it the so-called cleaning- UP process -v.i-" still far from being completed. (In f of the canons, perhaps, for the meltir market n the dinpiiolntln3 respon . to the announcement of thci'iitchlng iip of the Mercantile Itnnk of America 1 t troubles. Possibly it was the renlirat U1 ,,f the seriousness of the affair tha A produced more or less uneasiness nn i yiosslbilltv It was the off-hand knnvvlc rlgi that the nerevsary adjustments m nj,t require furtlie liquidation , That the weakness vvnt confined nl- most oeluslvel to the iv.dutrlnl di vision aggravated the f'iM nlread.v vx lsting concerning t'o stnbllltv of dividends in those irjihisHrlal concerns 'which are s(on to lfc nctt-i uijon. In I some quarters the recurrent persistent liquidation in the 'Jidustrinj qv'arter was regarded us foresludtiwini fiv. ther dras tic steps on the. wrt of, Vie banks to force lnimcdlatv 'thnvvlis of the so called frozen eruiXlts. Regardless of, thvorie? and trumped up causes th & mr.rket insofar ns the industrials vjt'r rone rued was alarm ingl soft. At the outset the selling movement ns conined lnrgclv to se lected is'.jvs, but. the pressure gradu al!, exti.dcd tfl nil the various groups. Some v-re fwml more vulnerable than otlicr.mcl broke shnrpl , wliicli, how even, was due to the uncovering of 'iups," whicli were found Mirprising.- K numerous. Hefnre the pressure it' ned nutomnticalb- toward mld-da ,i.ew low records for tlie car vvere ' made by I'nited States llubber coin I 111011 and first jireferriil ; ('ontrnl Leather. f'handVcr Motor and Conti nental Can. Tbose shares showing ex treme declines of l',& to 4 points, Sugar, oil, tobacco ami other leather stocks were also prominent target of the selling movement This include'l sucli prominent speimlntive issues ns American Vugnr LCctining, Mexican I'etroleunu Pan-American, American Tobacco, American Sumatra, ('handler Motors and Intcriiitionul Paper. At the some time (iiiiieral Klectue. Fa- inntis l'layers, Araerican Intel national. (Jenrnl Asphalt weru weak spots of the specialties. e, . nlv- I'J' l Air llnlllnllnn 3(IU ' .. Alaska Gold M'lnpn!!! 4 Alllrilfchem &Dyo... .1$H 4 AlllB-l'hnlmnra SIlU -100 .. Am. ABrlo.Chem ao iJOn .. Am ISoBClt JIairneto.. 30 100 .. Am Can 2ft Ml 7 Am Can pf 80 30n 13 Am Car & Fdy m'i i 300 .. Am Drus Syn . . .' 414 200 .. Am Hide & Leather.. 10H .100 . . Am Hldo & Leather pf 7 (tp 1000 .. Am Intcrnat Corp.... no( "" u jm jjocomotivo 200 . . Am Snfcty llazor 200 . Am Smelt & lief 34 2S0o Am Suear Ilof 03 ion 8 Am Sumatra ttV3 0 Am Tel & Tel 103J4 1? Am Tobacco It0 13 Am Tobacco D IIR 7 Am Woolen 60 . . Am WrltlnK l'apcr pf . 21 .. Anaconda Copper .. 34J6 6 Aeso Dry Goods lRt pf 04 n A tch Top ft Santu Ke 84 a Atch Top A 8 P pf . 80 ?i .. Atlanta nir & Atlantic 3H Atl C.ulf & W I S S . 21 7 Atl llednlnK Pf ... 10714 7 Baldwin Locomotive . 74 .. naltlmoro & Ohio.... 30JJ 4 Unltlmoro & Ohio pf 1 r. llcthlehcm Steel ... . 48J 8 Ilethtohcm Steel U.... 40 J.; . Hrklyn Hapld Transi 10' .. Ilutto Coiipcr & Zinc. . 4 . . Butto & Superior Cop. HJi .. Buttertck 20V4 0 California PacklnR n .. California Petroleum . 30 yt 2 Cr.l Zinc & Ind 4 10 Kanaillan Pacific 112 Jo LOCAL TRADING AGAIN LIMITED too 1000 700 1000 ion 300 200 400 100 inn 00 100 4.100 810 200 100 MOO 100 300 200 100 700 CIIO 000 100 000a 13,P0 'loo 4-J30 loo 100 300 700 B 301 1300 n 200 Qi inn 701 101 410 700 100 200 too 3S30 200 1.100 1.100 : 1000 17(10 700 100 100 too 1000 100 000 000 M4S00 200 3800 1000 100 1400 400 3100 100 800 100 100 4300 100 000 100 2 3100 500 1100 1200 300 200 3800 100 100 Central Lcnthcr 27 . Central Leather pf . . . SO'i . . Corro-de-Pasco 2.", 0 Ctinndler .Motors .... 40 .. Cheeapcako & Ohio... fi'O1 .. Chicago & Ot West .. .'. .. Chi Mil & St P 2014 .. Chi Mil & St P pf .. .11 "i 3 Chi & Northwestern.. Co 14 .. Chi n I 4 Pac 3114 .. Chile Copper 10 . . Chlno Copper 23 14 . . Coca-Coin 33 Colorado Fuel & Iron. 3314 0 Colum (las & Klcc.... 01 .. Columbia Ornphln.... 4 Consolidated Clenr . . 3. . Consolidated TIIb Ins. . r,H 7 Consolidated das .... 85J4 7 Continental Can 3s . . Continental Candy ... B Corn Products Hef . ... 00 .00 Cosdcn & Co 30 4 Crucible Steel A4 .. Cuba Cn.no supar 014 3 Cuban Am SUKar 1414 4 ravion Cbemlcal .... 31 . . Culuth So a & At.... 2'i 3 Klk Horn Coal pf 11 15 Kiullcott-Johnson .... AS .. Trie 13 8 Famous l'lajers It.... 4S . Flsk Rubber 014 .. Oencial Asphalt .... 4.114 5 General Asphalt pf . . . R0i 8 General Llectrlc . ..11414 1 Gen Motors 1014 7 Gen Motors deb 7 . 71 .. Goodrich B F 30 K 7 Goodrich B P pf 73 1 Orent Northern pf.... 711'2 . . Hendeo Mfg 14 . . Houston Oil 47 9s 1 Hupp Motorcar . . . . 10J4 . . Inspiration Con Cop . 31 7 Int Harvester new. ... 73 .. Int Mer Marine 0?4 0 Int Mer Marine pf . . 41 . . International Nickel . 13 International l'apcr .. 4SJ4 .. Invincible Oil Corp. 714 .. Island Oil 2J4 .. Jewel Tea 10 . Kanr.is City Southern 244 4 Kansas City So pf.... 4014 4 Kelly-Sprlnctleld Tire. 38 0 Kelly-Spg Tiro 6 pf. 70 . . Kelscy Wheel 40 Low SOJ'i 14 31 3914 30 30 24J4 HO 123 414 10 ' 37 as 83 or. 34 03 4414 ior!4 117 Ji 117 07 22 3114 04 84 80 i 2M 204 107 73 3014 Al 4HW 4814 ion lift 2H 6014 30'2 i my, 25M 58 25 44 53 H 714 30 39 V 0514 3114 10 3314 31M 23 V4 53 ?s 4 38 5 8514 35(4 os n 311 63 14 0V4 13 31 2H 17 5714 13 481'0 014 42 80 H 113H 10 71 20 fe 7jm 73 V, 14 47 10 31 71 H OH 4014 13 'n 4.114 -Va. iJ.i 1014 24 4014 3714 70 S3 1:10 Net A. M. Che , 30 V- 14 H '. 34 - 1H 3014- H 30 - 14 30 - 1 2414- 114 80 114 123 - 14 V4- 14 10J4- 14 47 - 14 2S - 2J4 8314- 14 4 Vt 3194 14 03 - 1 4414- 1J4 10514 . . 117 Ji- 1J4 117 - 114 08-1 23 -3414-04 -84 80 107 73 -3014-51 1014 -414-UJ4-2014 5014-2914-4 113J4- 3014 1 V, 'A 14 Va ' Vt - 114 58 3"! '4 ZiV, 714 20 -3014 03'4 31 4 10 2"14- 31- 33V4 28 - 8514 30 - H- 00 - 20 14 - 54 -914- 13 -4 2- 14 17 58 - 14 13 - 14 48 - li- 4.114- 1 S0H .. 11414 10 -71 20J4-73-7.114-14 47 -10 31 - 71- 314 M 14 40- 1 13J4 41-2 714 .. 2 .. 1014 J4 14 4014- !'i 3814 - ' 70 - OH 59 Va "va 1-4 Va 14 14 Vt 1H 114 Va l'4 Dlv. BkIi- In t HlKh 400 ,. Kennccott Copper ... 18 100 . . Kcystono T ft II Wa 200 .. Lackawanna Steel ...33 308 2 Lee Itublier Tiro 25 14 100 S.ftO Lehigh Valley 81 "5 300 .. Loowo Co 11 J4 100 a Mnckay Cos 05 100 . . Market St Rwy pr pf . 30 100 ..MarlandOll ..1314 100 . . Maxwell B 10 400 A Mny Dcpt Store 75 18J00 12 Mexican Petroleum .. 9S14 '500 2 Miami Copper 20 1800 1.00 Middle Stated Corp.... 11 500 .. Mldvnlo Steel 23 100 2 M St P & S St M L Ii 414 00 . . Mo Kan & Texas pfi . . 314. 100 a N Y Air Brake 00 n New York Central.... 1014 800 . . New York. N H A II. . 10 100 1 New York OntA W... 1714 400 7 Norfolk & Western... 0514 4500 7 Northern Pacific 70 100 . . Okla Prod A Itef 1J4 100 .. Pacific Gas & Elec. .. . 5514 2100 .. Pacific Oil 35 4500 n Pan-Amer Petrol .... 4514 floo 0 Pan-Amer B 3J4 1800 j Pennsylvania It It. ... 3714 700 .. Tcnn Seaboard Steel.. 7J4 100 ,, Peoples Gas Chicago. . 5314 Jiu .. Pero Marquette 18 800 .. Phillips Pet 1114 1400 .. Pierce-Arrow Motor . . 13 J4 000 .. plorce-Arrow Mot pf. 39 300 ..piorccou ej4 300 5 Pitts Conl 55 100 .. Pittsburgh & W Va.. 2814 100 . . Pressed Steel Car 57 100 8 Pullman 0314 1500 . . punta Alegro Sugar. . . -27 14 1000 4 Puro Oil 3514 300 . . Hay Con Copper 13 400 4 Heading 0714 400 .. Republic Iron A Steel. 40 400 8.20 Royal Dutch Amor... 50V4 1 st Joseph Lend 11 14 . . St Louis Snn Fran. . . . 23 14 . . St Louis San Fran pf. 30 .. St Louis Southwest .. 33 . St Louis Southwest pf. 3314 .. Scars-Roobuck ..1... 0114 . . Sinclair Oil 18 0 Southern Pacific 70 J4 .. Southern Rail 10)4 . . Southern Railway pf . 45 8 Standard Oil of N J.. 108(4 2 Stewart Warner Speed 2314 7 Studebaker 7214 1 Submarine Boat Corp. 6 .. Tenn Cop & Chom.... 714 3 Texas Co 34 .. Texas & Paclfio 24J4 1 Texas & Pao C A O.. 1714 0 Tobacco Products ... 57 .. Trans Con Oil 0 . . Union OH 17 10 Union Pacific 119 4 Union Pacific pf 05Ji . . Union Tank Car 88 8 United Drug 0754 0 United Fruit 103 .. United Rwy Invest... 814 .. United Rwy Invest pf. 1814 3 United ReLili Stores.. 5114 ..US Ind Alcohol 47?4 . U S Realty A Imp.... 40 U S Rubber 47 y. 8 U S Rubber 1st pf . . . . 88K 0 U S Steel 74 7 U S Steel pf inftu A 1T...1. I. . ' a k. urn copper . . Vanadium Corp 0 Va Iron coal & Coke. . . . Wabash . Wabash nf A 2 Weber & Hellbroner. . 109 200 100 100 101) 1000 3300 1100 100 300 100 100 6000 3800 100 2000 2500 1200 1100 700 100 500 100 100 1400 300 200 100 7800 4300 100 0100 3700 4-;oo 100 3100 1100 200 100 200 100 100 2. bo Wells Fnriro Kxpress, too 200 100 100 101 100 700 2300 400 400 100 100 Western Maryland 7 Western Union Tel. 45Ji 27 01 7 20 It 5014 0 81 4 Westlnghouso E A M. 11 7 Westlnghouso A Brako 8014 Wheeling A L i: H(i ..il'UtlllK U Hi pt. 1.5 4 White Motor Willys-Overland. . . . Willys-Overland pf B Wilson A Co 7 Worth Pump nf A. . Wright Aero b'ia Kx-dlvldenJ. 3i r,y2 iOYi 33 70 !4 Low 17 114 38 2514 51 11 05 30 1314 10 75 0514 31 10 2314 54J4 314 53 70 15 1714 05 7514 Ui 5514 3414 4314 38 3) 7V4 314 18 17 1314 28 0 55 2014 57 0314 26 Ji 25 12 07 40 40Ji 1114 23 30 23 3314 03 18 li 70 1014 44Ji 10814 2314 7114 4 714 34 3414 10 4014 0 1. 11914 Ji 88 65 103 814 1814 49U 40 40 4014 83 Jo 74 )4 10014 44 U 27J4 00 7 20 11 5014 H fill 4314 8614 8 14 16 33 0 3014 3314 7014 8J4 1:30 Net A, M. Che; 17- Hi 1214 ..i4 38 , 2514- Ml 51 11 n 85. 1 30 - 1 1314 Va 10, 75 - 3J4 0514- 314 20 - H 11 7314 54' 314 53. - 70li 16 1714- 95 7414- 174 6514 38 37 714 6314 18 1714 13- 28-0-65 29 H 67 -0314 30 J4-3514-13 0114 40 404- 1 1114 Va ny- 14 30 2.1 3314 03- 114 18 - !4 70K- 14 l14 .. 44J4- H 10814 .. 3314 14 7IJ4- M-OK 714- 34-14 3414 114 17 5614- 1 11014 Va 04J4 88 -10 44J4 J4 103 - S'a 1814 14 49- 314 4914- 1 40-1 40 Ji- J', 84- 3 7414- 1014 yA 414- 114 It 114 A I II W.-r iILlu jjUlu tint, ' t' i ' Oils Heavy Narrow Fluctua tions' In Mines Miscolla- neous Group Quiet - 1 New York, Aug. 15. There was po Improvement to' speculation in the New York Curb market today. Trading for the larger part; f the scsslon'wns ex tremely dull and what offerings ap peared brought about a reactionary tendency .' Interest Vaa centered in tho low-priced shares, itlthough fluctuations In those issues were Insignificant. Oil stocks were generally heavy with ninny Issues nelling cr dividend. .Standard Oil of Imllnnn sold ex divi dend ?1 and, nftcra slight upturn, do cllned 1 point. The Cities Service issues were also quoted ex dividend with tlie common -stock moving up 1V4, 'while the bonkers' uliarcs cased off frac tionally., Marncnlbo, Klk-Ilasln, Inter national Petroleum and Slnims Petro leum, after a show of steodlnens, sagged off slightly. Ouffey Olllesplo, on small offerings, declined polnti , , In. the miscellaneous group business was extremely quiet, with small changes tii' thu rule. United Uetall fondy. after slight activity and firmness, declined to thu previous closing- J.'n feetion jlio innliniied henvv on liberal offerings. yielding Oc. Tobacco Product a lucport wns also lower. Fnrrell Coal, on the-ex-change of u few hundred shares,-moved up.. United Profit Sharing and tfwceti Company of Americn ruled steady. Olcn Aldco Coal moved within tiiirrow limits 011 5111011 buying, Tho motor stocks, as a rule, contin ued extremely quiet, without important changes. Ju,thc mining group trading was on n smaller scale, with intcriit centered largely in Boston and Montana and Eureka Crosous, both fluctuating with in narrow limits. INIL'.8TRIALS 3714- 00 - ; 7 . 20 . 11 -4614- 0 . - 814 . 16 -33 614 814 HlBh 1 101K 101i oi: 65 1Z ou'4 Slight 'Price Shading Resulted Entirely Became of Mar ket's Narrowness SOMETHING TO THINK ABOUT and something to act upon To Institutions and Investors having an Inter est in Underlying Mortgage Railroad Bonds A Message of Importance setting forth present oppor tunity nnd future proba bility Is conveyed clearly in our current circular describing A Condition, Not a Theory. FLANDIKI SUILOma ' 13TH AN6 WALNUTSTnEETS 'Plttlnbflpfita Telephones Spruce 0715-0746 rrc I mm jyJ V Investments Baker, Ayhng & Young JUSi:i'll . hlVAI.N. Jr.. Minuter Land Title Dldg. ' Boiton Philadelpha Tlie dullness of the local market con tinued unbroken nnd considering the disquieting sentimental effect alone of the, melting prices on hte big board the local list stood up well. There was sime shading of prices of sonic of the more prominent local slinre.s. This. .'"however, was the result as noted be fore, of the extreme nnrrowness of the market, ns there was relatively litt'c selling pressure. Most of the business continued of small odd lots. In such n market it generally cost n fraction or so to execute a buying order, while In selling there is a similar shaving of price. Only wide decline occurred In ficncral Asphalt of 114 points. This was mere 1 a reflection of tlie sharp drop in the .line Issue in the Now York maiket and therefore of no locnl significance. Pennsjlvniiiu Itnilroad was firm in com mon with the other rails on the big hoard. Little was done in U. O, I. or Philadelphia Itupld Transit indicating the bailie reluctance to extend or make new commitment!! In these specialties until something more definite; is done by the cit.v legislators in solving the prob lems of these two prominent utilities. In the general list the dealings call for little comment. Few offerings of niectrlc Storage Ilattei.v curried thnt stock back to 10U. On u few sales Vmcrican Sturc.s shndcu to .""',. Phil adelphia Klcctrle preferred was linn with a fi actional gain. Philadelphia Traction appeared to havts found u solid bottom ut .riH. Commodity Markets Philadelphia Stocks NOTICE TO Phila. Manufacturers If you are a laree ornducfr In any lirnnc of Ready-to-Wear for Men, Women & Children nwl want to q In touch with He uiern. call to see u Immediately. SILK & KOHN CO. Reiident Buyer, 704 Arch St. IIUli !'.!) Am Strs. ."i7'm L' r.licSt.ir.lOII I." Knst Pa K 11.. .",()'. j :'.no den Asph -H nn Pu u n.. :i7:i; S Philu Co pref.. . I'd l"."i dorm pf II ;i() Phi In Klcc 2'. nr, do pnf 2n, 20 I'hihi u t nn; 1." PlniaTrac .71 llllitUeuding. 117 Ki'KI Tono llel 1 ,7, :s r ; 1.. mi?, KMitfn Retail StOll-s . ,l() sail un Low Kill ,-.1)1 1 H n7's 1 15 Net P. M chk". Kill Tj ' .V)l. -II T"i -l.1. 2(1 2I!", HI'h r.:i 117 .TIV.. no 21! .'12 lll'C,.. m . . Ii7 . . 1-T ' :ni.. ."0 GRAIN MARKET Clilragn, Aug. lo. Wheat started with September 'jc higher nnd Decem ber also J,c up with general commission-house buying In a small way nnd locals micd. The heavy Xorth Ameri can shipments last week, 12,.TT7,0b0 bushels, encouraged bullish sentiment. Receipts Inspected Saturdaj were 184 enrs; last car fifteen tars. The cush market was relatively lirm r clwice, but much wheat is coming in poor and wet. This has to sell nt blf; discounts. Weather reports show lieavj rams over much of the belt hlntce SJttirJay, and it Is llkel) that the qualltv of ar rivals will continue low for bonie tune. This will tend to increase the strength of the mnrkit for choice grades, which nre meeting best demand of the scjison from millers nnd lire wanted for cxpoit. Corn stinted virtually unchanged from the previous close, with a very light mixed trade. Oats were quiet nnd weak to 14c lower, with exchanging between the two deliveries comprising the bulk of tlie trade, COTTON MARKET New York, Aug. 15. Sentiment, in the cotton market this morning was unsettled by poor cables, leports of showers in the Southwest and rnrther free selling bv Ijivcrpool and the South. The bii ing was, mainly for the account of Now Orleans, the trade and local renin interests, and after the opeinng sustained the ninrket at a littlo above Initial levels. Most of the Southern ci op news continued bullish this morn ing The receipts nt the ports for the day are estimated nt 10.000 bales, against 1-1, 101 bulet 11 week -igo, ;t20G bales a year ago 11 ml 0412 bales two years ago. DREXEL TO TEACH DISABLED SOLDIERS Institute Arranges Two-Year Engineering Course for Vet erans of World War 125 MEN TO GET BENEFITS IVo'iilr Janunry February Mnrrh May ProvlnuH Clone Cipon .111s rt m nun 11 -,11 13 (II 11 -,t 1S.-.1 1R M in 71 . 13 nn 13 s2 1 no J' M 1.1 11 13 5.1 NEW YORK COFFEE MARKET Now York. Aug. in. The coffee market this morning seemed to be one of hesiintlon. Sentiment was jnnre or less nervous, ns reports hnd it that one of the prominent local Importer wns a hoavv bu.ver on Saturday In the cost and freight mnrket, taking nllontfs, pnv Ing ns much ns lO'j cents in more for iSnntns -v nnd 10.10 cents, coif nnd I7 Ifrelxht. for part 4s, On the crtll nrlees chani,f mule i.v rnmHrin.in lih lait ere .1 to ." points higher, bujeis nnd Xb y. lit stock UxrhiM,-.. sellers acting cautiously, vvhllcinwaitine I'll I I..ti:r.l'I. llONDs I turtlier developments. .Allnhrli) ;lllr ItUnllo tlt It K. Atlnntlc & Diintl'le tlrrrh Crrrk 11. U. Irffll Crrtk II It. Chtmipriikc & Olilo ( "in llurlisiii X N'orllirru It) illnird I'cliit Moriivr Krritonr IrlPidionr Mnron Trrnilmil Cn, Slelkun Nortbrrn It). rrnnynnlu K'llrmiil Hlliideliili 11 i:irflrle f-hlln. & Keiillni Trrm. i'itis.. I'ln. ('III. A Ml. Mill ,j.ii Ik, r-i final ni ii"i i-nir K-'Af'' , ytitrn srw ork I'rnn 1 Mr- Ut 4's luu 1st 4'h l'J5l Ut 4' lUlrt lot 4'h IU.I I ll UVii's lllll 3'n 1(1411 Ut O'h H: i ut aw Juki Ul IIMi ut ,v inn., Ut ll's I (Kill 8V4' II'KI O'h lll." Ul ti'H IUII .'. lino, I'm llll.-, .Vh 10.4 fse.t'r, ).Wtfrn Nrtv Ycrk I'mnu. IS 1111:1, - '.-$ f'4-ltrn t'nlon Telrcrnuli n'j 1031) ' $k.4l-lMc Starr, Jr., & Co. ' :" ilftll3t7 l'h1itlphl Work KwhuriM L i l vc TMJJ.NTU & HANSOM ST3. 7000 Libert v ."I'js '47 MMMI l.lbertv 2d 4,s '12.. 1 200(1 l.ibertv 2d H,s '12 ..! .-00 Mb.-rtv :id l'is '2-... .'IOIIII l.lbertv 1th 4"(s '.".v.. .".(Ill I.lliert 4th 4',4s '.'Is .. 1(1011 I.ibeitv 4th l',s '.'IS... .100 Mbertv 1th l'ts 'IIS. .. KMMI Hell Telephone 7s. . 1 (Villi Kleetrlc ii People's In UHHI Pi'iinsvlviinlil O'js :iOOII Pinusvhiiliiii (1.. lhiHHI Phila r.ln 1st ,"is. KH)ll 1 mted Unllwa.vs vs. nqi 1 ne maruer vsas miner reactionary nts .S7 7i "f'01- the opening. r"dlnig off a few lots 7.71 P'dnts, then roll) ing 7 to JI points net !fl 71 "" a little fresh outside demand, the ... fc7 h2 hiilge carrlng September to 0,,"S and Financial Briefs Car Light uouuiolil Co Drer . . Com Klnanco 03 ('am Klnnnr, nprtf (15 Karroll Coal 12 Oootfyear Tlr 12"4 Inter llubber UV4 lVerlera Motor 30 I'orfection Tiro 00 pouthrrn Coal & Iron 8 Tib Prod Exp S US S hip Corp 20., United Profit .Sharing ,. 1ft United Jlet Candy .. Ott STANinnn 011 Anclo-Amcr Oil 16U II ola 1' I, 10': Stand Oil of Ii.'.l ex dlv. IMIKPKNDENT OILS Arkanaas Nat Oa II H llpone Oil .., 20 iloaton VV'yomlnit . . .. 00,, Carlo Synd 44 Clt Srv "If ctfs ex dlv 12T Dominion Oil Elk Hailn t'et ... Gdmunda Oil . ... Krdrral Oil Olenrock Oil C)uny Qllltaplo . . Hart Oil liudion un Imperial Oil I-it fotrol Lance Creek Livingston Marncalbo Oil .... Mrrrltt Oil Mountain Products National Ull Psnoli Oil .1V. Producer 4 IleOnera 8V4 Hequoyah Oil 10 Slrnma Tet H VV'oodburn "5 Y Oil 15 M1NINO Iloaton Montana 71 Cona Copper M IK Crescent MacNamara .... 10 1C1 Salvador IT Kureka Croesus 85 OpIdHeld Florence 40 Low 1 88 0 10 & eS,r'art"Win"r Speedometer Comoro! Inn for tho -luarttr ended Juno 30! reno?,.rnnli0": ing pront before Federal taxes of 1001 iii 1 comnared nth J7jr.cn ""''". e-io. at and for th. h. ii V.V .V.'i"ar so: 1 He i T. ." '""' "' -. . v, - , ,1, iim 11120. corrcepondlns airalnat period of The averaite pries of the tnentv active) In. ,'u"t.r.12L .d-"nl 13 Per cent on Sat'i"; 00 pVr ,c.l.?,to,71 8?.m' """' 1"n.a 1U so 11 14 IB 7-; 11 2 25 2H 7V 4 15V4 162., OU IS 0 4 12't IV 0 .1 '! 14 1$ i 25 20 IV, R 4 aH 8Vi 10 OH 75 10 1-.30 P.M. 101 Si 12 ' oS 2BH 88 3 0 in If. OVi 15t 152 l)Vl OH 18 00 4 12T4 8 a 11 1 14 IK 10 'A 2 25 i!U 7H 8 4 3V. 10 OH 75 15 lltirmlll Dlvldo 20 Knox IJIVli3 11., Mother Lodo new 5 National Tin 50 Ohio Corpor 7 rtay Hercules 25 Silver Mlnea of America.. 00 80 Am 1" & a ., i Tonopah Ulvlde , Tnnopali lxtenalon in The ttviw hualneas of llf Inaumn-. - panlea In 1021 ulll l.e leu. than "h 5? 10'So" hut brcater than tho more norma! "nr lino B.l Inauranie World Llkollhnnrt 1. l.Ju: new bualne.a of curront ear ill" finatlv re' solvo ut about hair-nay mark between LI cregotea for 1010 and 102o. Dctwn ag- .lots, .low f7 '.MI 7S S7.7I 111 IV. "ii'. !i!:is HSlJ 0(1 'j DIVIDENDS DECLARED ( onilnenial oil iinirt.-rl i mwii.lo hentt-mher 15 to to,k of rtconl Aucuxt J' llaml Mtn Limited, so if.nta.nn Ilinkrn Trunt Coiniun 1 1,1 tlflrti a (AoiHrl. an Khana) pntHhl.' Aui.UHt 21 1 1, atu.k nf 1. mid Aukunt 111. White Motor Cnmt any nuaj-irlv tl jm ali. Sfpitmli'-r no to atock of rteoril Hup 1 ml., r 1.1 Sfand.ird t)l of New J. rsey quarter tl 21 tin lommon iml 11 71 on iirferred oDvable HeptcmJir IS to stock of record Atl ituat 20 rnrwl Itubl er Comnany. mtartirlv 1 a! ru t en pi f erfed. pa) able, Beptembcr I to IV U WIH vowmvvisi mU hilt to 7 R4. Ilnvre advices say that information from llr117.il Indicates that the (lovcrumotit Iins been aiitlion.ed to U-tie wnreiiouse lecelpts as collateral fur I'uins and to even sell coffee when it dors not nffcet the mnrket. In the local spot iniiihet, prices were, holding linn this moriiins with a good (tenia ml in evidcni e. Kept, mher nenunher March . May DANK CLEARINGS Ha-ik 1 lr ,r iu tnclii riiiniurcil llli . r iiHiindlng da Ihhi two ,'ll 1H21 1'I20 1110 I'hiu i 001. ono 7s -nt 07s 07 271 1115 Hosiun 12 (ell lllll IS IITI rill'. IS HIT Ml .S Vuik .177 son 000 5M 047 ss.t PrmlntH Opti Opf-o n r. 1 11 in n 111) . 11 rut 7 ni 7 .17 7 II 1MS 7 .17 7 O.'li 01 liar flhel day nt 08dJ DAR SILVER 1vj"?4U" higher In Ijoniftm to- Drexel Institute, nt Thirty-second nnd Chestnut streets, ms been selectol by the Government for a tvvo-jenr In tensive course In engineering to be given under the direction of the Kvcnlng School to 12," disabled soldiers. Ah explained by Dr. Hollls Godfrey, president of the institute, yesterdny, He new course hns been established by the Government In response to the re' quests of n large number of disabled men who did not have 11 sufficient previ ous training to nunllfy for renulnr de gree courses. Plans were made months ago to undertake experiments nlotig cer tain lines of study nnd tho Institute was chosen by the Federal Hoard in Washington after an extensive research. At first tho Government sent n num ber of students to the day college of engineering ns nn expeilment. These men completed tho year's work so suc-cessf-illy that it was decided to accept tho new project of giving tho men a two-) ear course. The 12." men will not hnve a vacation nnd will continue their studies without Interruption for tvvent) -four months. All classes nie to be conducted In tho nfternoons In order that the men may devote the mornings to studv . Tliev will study mechanical, electrical nnd civil engineering, biiildlnKconstnictlon, ventilation and heating. The teachers have all been selected with great can' from inrlous Industries In town nnd have all been practicing engineers with teaching experience. Federal lioaul educational experts are at the Institute nnd nil progiess Is to be repoitcd to Washington. In ndditloiu mnic than 100 Federal Hoard men yill enter the day college of engineering and another 100 In the evening school. RICH COAL BED OPENED Reading Starts Greatest Strlpplngs In History at Rausch Creek I'otlsrville. Pa., Aug. fl The Philn dolphin and Heading Coal and Iron Company has begun the greatest an thracite coal stripplngs known in the history of the coal business at linusch Cieek. Mine experts who visited the (scene jesterdny picdlcted that morn than KlOO.000.000 worth of coal will he on. covered to the lisht of duj bj the strip ping nnd make thu mining of this vast body of coal possible without the (lunger of ordinary mining. It Is piedicted that tho groat bodv of coal being uiuovered will be eveh greater In extent than the wimp com pnnj's stripplngs nt Locust Mountain, heietofore considered untiwilcd in the world. Not far from these stripplngs tho Heading coinpnn.v is eiiviigeil in exten sive operations nt Swalaia, which will open to tho miner's pick six miles of dial nbovo water loved. The enormous operations possible In that section will eiinblo tho Heading to dwarf the coal production of nny other conl company. The, developments menu vast prosperltv lor me western enu Qounty Miuctioii & 'j-iS-ws 8.000,00(), Tho New Tori ics-i 10 ir Company cent Bold bonds ifauen dnea .2114 On- reach ffffiS-S,aa duo Auxuat f. 1030.",, hen "..e-e?" .?' ?wrr.Hli SRff'iSv : iunT jUlll,!' ductlon totaled il.tSSB wunK United Papcrhoird Commnv Tn 1. 1. ln'teJa't0, chlVgeT" ,7r"e Tl 1? oZKV nn'' atuek thm "7u V' .. ..VrC ulvlJe.n,l " common -- " "nn a aurpius of 112.10, Tonopah Mlzpah unitea uaaterrr Weat End Con White Caps 11(1 MIS Aluminum 7s Amer Tel is.- Amer Tel fla 1M24 Anaconda, its Anaconda 7a 1020 ... . .. Anglo-Amer Oil 7Va a . . Armour 7a Ileth Steel 7s 10S5 Chi Union Hta 0M 11 2H 70 0 07T4 U8H 08 88ji ua. 100H 07H us 70 Hi II 17 33 40 1H 11 OH 07 (I 2.1 00 4H 70 1H 10 2,V 70 5 07 nsvs 07 iuo 07 'I H5 70 1H 10 17 33 4U 18 11 5 07 0 2.1 110 4S 70 ,1Vi 10 2H 70 P.T'4 OK'., 07 li:i 100S l"-'4 05 WIS .10.141 lnis. Copper Import 8a 102.1 ...1011'k lon'i Kio'i Copper Export Ha 1024.. .lOO't IdOJ, 1011 Copper Uxrort Sa 1024 101'i 1011 HUH . ... I 1. rl. . ArttI OMIT nll Goodrich tire 7s 90 rinif nn 7 n7 llrlnz Co 7a U0S Humble Oil 7a 07H IntertKirn 7" 70 lvennecott 7 03vl l.lli,y..VIcNelll 7 05 Hruthcr., llwv n, 07 OOU 07 V4 on-, B7V4 7ni t3 01 117 nni 07 V4 tmS 07 75 01 1)7 r fATo?:; ft?," c"uftTyh.,,u,i "nu FOREIGN EXCHANGE New York. AK. ir,.Hntes on the principal l.uropenn tenters dlsplnvcd eonsldernble firmness at the opening today with prices fractionally above baturday s closing figure. Tho nuotntions follow : Hterling cables .'1.(17. chocks :i.00u : franc cables 7.SJ, r,eolli) 78,.,. j,pl. ginn cables 7 OH,, ,.icel(s 7.03V,; Swiss cables 10 D.I. , ,0c!(h 10.00 j lire cables 4.40 hwk8 .lM)1j cables m.jil, ,lrrkK j.,2 .. cables .'11.20, cheeks 'tl ir . , R. V cables 1.10 checks ! ill.' rMt0,Pu10,J" cables- 12 ns' ..i.;:iKN ,-.!: '! r'Tistlanln rcuviicrti iv v un , i i m Htand (111 N T Ha lOnJl lOu'l ieo4; Hirt 7K 1U23 Ill" in, 117m t.m en in 100 100 inn Un.ted Drug 8a 100 100 100 Viiriium 7 1(11'; Kll'i I11IH ljnlted Oil ITol 8..0....102'4 10JH l(iu Wcat Union OH a ., 00 H OSS 00. LONDON STOCK MARKET T1 NT ' T N5k?J, s. ' 52; Chestnut Street CCOOMISTS have always taught that it is the - duty of all people to set aside a certain portion of ' their'carnirigs. Saving, though difficult at first, event dally becomes a habit one of the mbst necessary and beneficial habits tliat-can be formed. Your account is welcome here. Fidelity Trust Company 325 Chestnut Street 1431 Chestnut Street 6324 Woodland Avenue West Philadelphia Capital $5,200,000 Surplus $16,000,000 Funds held in Trust more tfutn $250,000000 feiMMrtft L A MONGthe advantages offered " by this bank are comprehen sive credit facilities and analyses which our customers find helplul. Central National Bank of Philadelphia Chestnut Street at Fifth Capital $1,000,000 Surplus and Undivided Proio Earned $4,400,000 t OretBe'f "xehanges were: ,inv v ofvnre,n"''m In Montreal to day on New 1rl( funds ns nu nor (ent. Tin; rate f dNcount in Nevv Jcr cent. "n" tnn,U "" " Demand C'ablea Demand Cables SATUHDAVS Finat. QUOTATIONS inn"!' "J.11" ''f "ullderi SMI. 7 AU 31:1? TODAT'S ()PI:ni.V(, QfOTATIONfl MONEY-LENDING RATES SBff iOIIK Mone on c.ill hoth clnee of collateral ;,,,ned to.laj t i "p," for lendlnit and lornming c "' i'iin,.ni:i.iiii. cmi, 11 Mr cent. .,., Lh.rp,v'rerHnl i,aMf' ih"" "' s..t. TK... -. . ,i.ur--.HB. niM in or ft iv ninntnnl mmi '".-, th' ,'" ?r- i rni're,;,,nn"h.Xl.' of Pennstlvanlu lu-lnu (Hed at n per cent IUH,il!r",um (""! r'V""""n. time money tSI .irr,n '' nl!,r,,y ,la" ' I1""""! "l 'I t'' ?hl ,1 . '1" wh '" co,nnieral paper, from w ceil' ""' ' ' lu-,,"!'1 at " ,0 LONDON Moiioj la iiuoiod ft t 4 per tent Iileeount rale, Shoit bill. A per to" I thro niontha.1 lillU. 4 1K,r rent. Extra by National Transit Oil f'lir. I'n.. A nir 11 i,. st.. i. . Of Schuylkill J, IP'i V,omJ?..nys,h5 2?elarcil an xira ,lhl' Operations Mainly Professional. Rubber Group Dull Kaffirs Quiet Iuidon, Aug. 15. There was no ehnnge In the character of the Stock nxchonge markets today. They re mained sluggish, with operations nininly professionals. The nttendunrc In the house was limited. Oil shares were irregulnr, with alterations nar row. Shell Transport nnd Trading was 0 1-32 and Mexican Kngle 4 15-1(1. The lubber group was dull, with tho position of the staple unfavorable. flllt-edgcd investment issues were stendy at about Inst Friday's levels. French loans were better, with less nervousness over the Slleslan question. Home rails were inactive, pending the termination of control of the lines by the Government nt midnight tonight. Dollar descriptions vycro quiet, but they held well. Argentine Hnilwny issues moved within small limits on piofesslniml transactions. Tho kaffir group was quiet out harder. ANOTHER DIES IN WARD WAR Chicago Political Feud Results In Thirteenth Killing Chicago. Aug. 15. The Nineteenth Wnnl political feud rlnlmed Its thir teenth victim estertlnv when Frank Kinaenlii was shot and killed In view of two of his children in front of his home. Sluiicola hnd Just recovered from bullet wounds suffered while gunrdlng the family of Joseph Lnsplsa, another feud victim. He was sitting In front of his home with his children when two men approached. The two children .said their father apparent!) recognized the men and tried to pull n pistol from his pocket. The men stopped and turned to run nwiiy Slnacnln's pistol stuck and would not (nine out He Jumped to his feet nnd the weapon fell to the ground. Seeing that, the men ran toward him nnd Sinn- com turned to nee, nut fell with a bul let through his bend and another through his body. His assailants en-' taped down n side street. - Farm Course Opens Today State College; Tn., Aug. 15. -Teachers of vocational ugriculUirc In Dcluutira have decided ..to attend the special summer clauses for J-'entisylvu-iiiln teachers engaged In that work In tbis,8tnti, which will ojicn at fhe i v'i""jvoiiiii,.vimic7vOiicniii.iouny 'nil Make Your Funds Produce We have a message to convey which comprises tested ideas, plans and meth ods, for turning opportunities into profits. Success is tapped only by the more skilled, with a fullness which causes those less informed to marvel at the money-makers' hidden powers. Profitable opportunities for investment surround you just now. You will find our message interesting and instructive. Ask for G 4 and read it. Edwin E. Kohn & CQ. ("rmotri Conjoticfoletf Slock Exchange ol Sew York 1522 WALNUT STREET PHILADELPHIA M'.VV YOKK I'lTTHIICIKIII TKKNTO.N 1V1I,MIM,TN UXSTON roTT.svn.i.r. GRAIN AND STOCKS Facts and figures relat ing to securities or grain cheerfully supplied. Wo specialize in Odd Lots Boureau & Evans Utmbert ( a'blln. Stock Knehani s Chlraia Hoard of Tra(U 130 South 15th Street X,ocuat tlil Philadelphia t Hace Utl C3- ' fcfiaWVA J mmH-'t'-T'"'"""""'4 Iu!WHMNvr MniiffliRTiJlLlJi "II .HIWltM"- B HarrisburK Lt. & Pr. 5s, 1952 Lehigh Vnfley Truns. Hef. 5s, I960 Sun Company fin, 1929 Gcncrnl Asphalt 8.s, 1930 HEHRY D. B0ENNING & CO. Ill,?,T.i.'f KM-HANci: III II.IMMI VlemWra I'hlla. Stork P.xrlinner eout.lne for'twd w'eks hniinl..1""'"", ""h 10 jrnra' priutltnl lli mrJl,-rl.',,;' ..'" vurloiia line, of fI?.,teL,w,ri,i .'"''.'"""B iitlverlUlnr nnd i I I ollrliiiun would like position Artlirf.a '"" r ' S,ll"r 'l'ou- B 235, LEDGER OFFICE FINANCIAL HOUSE 'l' 'Whintgiiftl 'leputitllon dealrt-s to communicate with hluh-umdo nileamen I M uiiiiiub ml ff i 1 Ml Your Savings Can Earn More when applied to the mtHM h purchase of bonds ns provldta i for In our Partial Pnwnt Department. ;i e .i. ,viii in 18 jearJ .' . ii iiiiiii ..,nflnl nceutnulnto the sum of JlO.v j Upon retjucst wo will 8 aw I mall our booklet "Invest ' ij You Save." BATTLES & CO. KsuMIWiof IS9V ImletK-niteiire Hauare (!!) tlan n, ll,.M,m;,mlimilimllHr:'ll!1l.'il.l';l MIC'jMBi-'3 r illlllllililinuililll lilllilllilllllliil'liiiu iimi" '" -1" ' 1920 STUTZ tv"i mirvin r.AR l w Vrviiyj- -nn.Mlon, ll Now conl "''"'"'"."""irVS mi'"l nnlv .Irlx-n fllxiv.f...jr 'n,1;'VaW fl offered tor nulck sale. r.o 'f"Ur"4K, oner reluso.il. Phono Jlr. jM Hpruce J70, 15fll "ZN h fe llllKIt IHTH iM?'l ' if H . i . . " ' Y. ' WlL3 W 4 V v . Wr 3f.v ,l,f .iv,. -ji f
Significant historical Pennsylvania newspapers