Mm T SMi.SJI I I' II' III ' WWIIIMI1MIII III 'iiiimiiii III I 'in MINI "I'l I s. I'SSJI I in ll II I III ri 7i,. . "& M ' L ' ' j . r . I ' ' 1 .- 1. ! '4i!.T ( ' ' . . . , . , . .. ',-:.. 1 . y,- .. . M lIYJ i-i-J?. 'J-.. Uii:--t 1 i, el"- EVENING PUBIilO. IBDGEB--PHIEAI)EEPHM:j FRIDAY AUGUST.. 0, MMl 1 , ' ' ? ; r ZZ it'-' - i'yi' fc3K t, j t WM ' . '&.i u 4 & fc I'O ? 1 -i r & Iff ,i if ': fcv 1 I P w A.7. f!'n. 1 .. 'MfceT.Pl 'fil.Ti,' r 423,000 LehigH Valley R. R. Co. General Consolidated 4tya Due May 1, 2003 Tax Free in Penna. This issue is secured, subject to priof liens, by a general mort gage on the Company's prop erty. The line of road covered by the mortgage is that portion of the double-tracked main line (between Jersey City and Buf falo) extending from Phillips burg, N. J., to Wilkes-Barre, Pa., with numerous lines leading to the coal regions. These bonds are listed on the New York and Philadelphia Stock Exchanges, having sold as high as 101 January 20, 1917. Price: 80 and Interest To Net S,s Per Cent Biddle & Henry 1 04 SOUTH FIFTH ST. TYPICAL AUGUS T HESITANT MARKET Industrials Put Up Same Ir regular Front With Now Low Levels S , $300,000 S-mf' Sussex County Delaware 4V Highway Improvement Bonds Duo Serially 1943 to 1966 Total Assessed Val uation (1921) $29,059,978 Total Debt (including this issue) 1,061,000 Ratio of Total Debt to Assessed Valuation 3.65 Population (Census of 1920) 43,741. PRICES TO NET 5.45 Exempt from all Federal Income Taxes Harrison, Smith & Co. INVESTMENT SECURITIES 121 SOUTH 5TH STREET PHILADELPHIA LOMBARD 6100 .& I l Spruce 8200 HAVERF0RD TOWNSHIP 5y4 SEWER BONDS Dated An. 1, '21 Due Aug. I, '31 Free of Fennn. Stole Tax nil Federal Income Tax. Redeemable at par after rvt. i, io:s Price 100 and Interest SECURITIES DKTAIITMENT Commercial Trust Company Member Federal Itfirnn System City Hall Square, Weit New York, Au. 10. It was a typi cal mid Ancust stock market today. Taking into consideration tho ultra -professional character of tho trading, the day's movement was hardly deserv ing of serious consideration. Apart from the fnmlllnr week-end evening up operations of thi traders, tliero was little else done. Following a hesitating opening, considcrnbht (idling pressure developed njain In the ImluMriul di vision. Although some new lows were recorded, tho movement did not go far hefore profit-taking on the part of the shorts cheeked tho declines and brought fairly coed recoveries. Then the whole list practlcallr enrae to a standstill. Overnight developments failed to pro duce anything particularly inspiring, neither wns there any special bad news. The more encouraging factor was tho continued Improvement in the banking position as rellccted in the Kescrvc sys tem statement. This not only nhowed a further advance. In the reserve ratio, hut nlfo continued contraction in hill holdings and gnln In sold reserve. It niHde good readlnj and that wan about all it amounted to as a market factor. The halving of the United States Indus trial Alcohol dividend at the amc time proved to have been discounted. While the industrials apparently had a great deal of difficulty in finding a solid level, the railroad shares recorded the same Insistent firm tone which litis been maintained all week and which was largely due to the confident belief of tho Refunding Kill being pushed through before Congress tnkes the sum mer recess next Wednesday. It Is the hope this will be realized, but advices from Washington make the outlook doubtful, as it Is going to be n difficult Job to overcome the opposition In both tho House and the Senate. If tho bill is rushed through the rails ure likely to have a good boost. If it Is not done, well, any one's guess is as good as an other's. The irregular front put up by the industrial issues, especially the manu facturing company stocks, showed not only today, but also in the other pre ceding sessions liquidation in this quarter was still uncompleted. There is uo telliug when it will run Its course, largely because of the uncertainty of the position of a number of so-called nools and other speculative combinations here tofore prominent in the operation of many of these stocks. Although call money opened ntd re newed into next week at SVj per cent there was almost a constant Impair ment of prices during the morning ses sions, especially during the first hour. American Car, General Electric, Har vester, (Jreat Northern Ore, Westing house, United States Rubber, American Tobacco and Retail Stores reacted 1 to 2 points, and selling of Pullman con tinued. The entire sugar croup was heavy, notably Cuba Cane preferred, and American Linseed fell o. Inde pendent steels made further conces sions ou reports of price-cutting in the trade. PENNSY'S STRENGTH LOCAL FEATURE lDiffiisi We Are Able to Offer a relectlon of htggrade In dustrial and Public Utllltlen maturlnx In from Ave to twelve yeare at prices nettlns ovtr 8. We own and offer a Halt road Bond of highest grade to yield nearly 7 WiDixn Bum, Phiiakwua MuBinrPiUtdm rjuiAjtrrx. hj. ! Variable Price Changes Else- tvhere Reflected Thin Char acter of Market The continued firmness of Pennsyl vania Railroad, which touched 38, wa the only bright spof of the monotonous du'l trading in the local market. The I strength of Pennsylvania was attrib I uted to two caiiics. One the confident feeling of the railroad refunding bill being jammed through Congress before adjournment next week. The othr, unofficial reports that n satisfactory compromise had been reached between the management and the employes with the Labor Hoard concerning the ballot controversy. i DeallngH nltiough somewhnt better (distributed than In some of the previous n-ions were ol Diminutive proportions. Price changes were unusually mixed con-Idi"ng the light trading, but this was a natural reflection of the extreme narrowness of the currpiit speculation and the thin character of the market. Kleetric Storage Kattery, on very limited transactions, advanced to 101"4. On the other hand, Philadelphia Trac tion broke through the r:i peg, reucting to "2"). Small offerings of United Railroads of New Jersey caused a re action of 2 points, to 108. Moderate pressure against American Stores made that stock decline to G7V6. Union Traction yielded to 30, while Phila delphia Rapid Transit sanded to 10VH. Few sales of Atlantic Refining were made at 875, unchanged from the pre vious sale. m Philadelphia Stocks nun .".78 I.OW r.7'4 a." S7o 1 l.i V. it. Net chge. 14. Charts Show daily ranpe, volume, average swings, accumulation and distribution periods, major and minor trend, tech nical position, etc. An im portant aid in deciding when to BUY and SELL stocks or grain. Traders and investors invited to inspect our complete exhibition charts, without obli gation. p. W. UNGER Investment AnuljM Room 202, 130 So. lath St. Philadelphia I I I I Ill I N. Y. Cent. 1st 3 ha. 1997 York Railway 5h, 1937 Erie Lighting 5s, 19G7 Ohio State Telephone 5s, 1944 HENRY D. B0ENNING & CO. ,J.lK. KC"ANnK ncii.niNo' Dlreet I'rlvutr Telephone lo New York Members Phlli. Stock r.iclunie L" Am Strs 2 Am fins ."tAtl Rcf.S7o S7o 87.". lOOtChl M Si Si I' . . "ft 2fi Kl Stor..l04"4 101 .!' i .en vai. .ji ; rl 11)2 Pa R It. 3S l0'Ph El pf 20a; I OOP R T.. 10 30 Ph Tract 53 r.OtStudbkr. (17; 5." Un Tract 30ii 17 U C I . . 33 1 dn nrrf. 4llli '1 t . .1 u;- 2 W.st CM 03 Net chant made by gi.mpnns"n with lust .Hi ji. ... iii.iw iiiui-n iwenanj., Ex dlildi-nd todav l'hila KIk Phi. a. Elc pref, 2 rmi.i)i:i.rniA honds S100 Liberty 2d 4 Us 11142 100 Liberty 3d -.'-is 1WS 2.-0 Liberty 4th 4 Us IU.'I'j.... 200 Elec & Penp 4s KKKJ Keystone Tel lHt 5s 20IWJ Keystone Tel 1st Tu 1000 Lehigh Vni 0s 1028 10:i0 Penna 0is 1000 Penna 0'2s J0O0 Phila Co cons fis 300 I'lilla Kin trie 1st Cs reg.. Ki 0000 Philu Electric 1st .'is (luts) 88 20 37i 20' 4 10'i 521-j 07 30 iH 3.1 41) HIS 03 20 . . 10-1 ?i 38 r l'H 20 9s 1-1 j 10 14 r2i Uj 07Th :'j 0i.- 33 V, WA . . " 10S 2 13 4-Hi S7.."i0 111. 0(1 87.78 r.o tin-li 00 118 H !! Oft'V, 7T1.. NEW YORK STOCK EXCHANGE TRANSACTIONS Ssle Q;100 109 ion 300 100 100 800 too Elioo 100 too 200 000 ioo 100 300 200 S.100 .100 1190 100 Z300 ion 100 201 eoo 3 800 200 200 1400 ii 100 300 300 200 200 300 100 100 31300 2S0O 100 too 1700 ion 3C0 200 700 T 20 0400 1000 1S0O (100 300 300 (700 N01 100 21(10 600 100 300 1100 100 100 too 3000 2400 : 1400 400 3300 6700 100 200 80 0 600 100 8000 ion 100 200 16100 3100 1400 100 200 13)0 100 100 100 100 100 2S00 100 300 2 100 200 400U 000 2400 niv. In lllh Adams Express 41JJ .. Advance Itumely .... 1 t Advance Rumely pf... 38 . . Ajax Rubber 20 7 AINAmerican Cables .104, .. Alaska Juneau O M.. tH Allied Chcm A Dye... 3H 4 Allls-Chalmers 30J4 7 Allls-Chalmcra pf ... 73 Am Airrlo Chcm pf . . . .. Am Can 24 Ji 7 Am Can pf 78 W 12 Am Car A Fdy 133H . . Am Drufl- Syn lb .. Am Hide & Leather.. 10 K .. Am Hide & Leather pf 47 H Am Internat Corp.... 30i Am Linseed 30ft 7 Am Linseed pf 46 Am Locomotive 84 Am Safety naror 3Ji ..Am Ship ft Com J4 .. Am Smelt ft Rcf 34 ft 8 Am Steel Foundries.. 23 W 8 Am Sumatra 44J Am Sugar nef 3H 9 Am Tel ft Tel lOSHt 12 Am Tobacco 11H 12 Am Tobacco D 11 7 Am Woolen 8 . . Am Zlno Lead ft Smlt 8 .. Anaconda Copper ... 84 H 0 Atch Top ft Santo Fo. 85 8 Atch Top ft S F pf. .. 80J4 .. Atlanta Dlr ft AUantlo 3H .. Atl dulf ft w I S S.. 21H .. Atlas Tack Corp 1& 7 Austin Nicholas Ine pf 83 7 Baldwin Locomotive . 7H4 .. Baltimore ft Ohio.... 38& 4 Baltimore, ft Ohio pt. 81 .. Barnadalo Claaa B.... 17 6 nethlohem Steel D.... 48J4 . . Brklyn It T ctfa of dep 7 Cal Zinc ft Lend X .. California Petroleum . 33 $ 10 Canadian Pacific 114 3 Canadian & Southern. 41 .. Central Leather 37 . . Central Leather pt. . . 00 0 Chnndlcr Motora .... 43H .. Cheeapcake ft Ohio... 84 14 .. Chi ft Or West pf.... UH .. Chi Mil ft St P 3BJ4 .. Chi Mil A Kf T nf Alt 8 Chi ft Northweatern. 4 Chicago Pnou Tool.. .. Chi 11 I . Pun. . . . . .. Chile Copper 0J4 .. viueu t'eaDoay 41 . . Coca-Cola 32 Vt .. Columbia Oraphla.... 3H .. Col Oraphophono pf . . 14 ' .. Consolidated ffextllea. 14 Ji 7 Continental Can 38 8 Corn Product Itef . ... A i.BO Cosdon ft Co 4 Crucible Steel CuJan Am Sugar .. Cuba Cane Sugar.... .. Cuba Cano Sugar pf. 10 Del Lack & Western. .. Denver & nio Gr pf. 8 Endlcott-Johnson ... . . Erie .. Erie lat tif 10 8 Famous Players L.... 83 8 Fisher Body Co pf... 60 . . Flsk Rubber V .. Free port Texas UK .. General Asphalt .... 48ft 8 General Elcctrlo 11214 1 Gen Motora 10 7 Gen Motors deb 7... 70 ft . . Goodrich B F. . . . 7 Great Northern pf. A Gt N'orth fVn etfs. .. Greno cananea. Cop. 68 K, 48 3' 28 13 . 84 .201 .103 . 114 . 88J4 13 31H. 74H 28H 30)4 Hendee Mfg 14 7 Illinois Central 94 . . Int Agrlcul Corp pf . . 37 7 Int Harvester new. .. . 70 .. Int Mer Marine ")i 6 Int Mer Marine pf.... 41 7 Int Motortruck 1st pf. 67 .. Int Motortruck 2d pf. 8S . . International Nickel . 134 . . International Paper .. 43 J4 . . Invincible Oil Corp... tK Ixiw 4114 13 88 19 104 1H 384 30K. 73 88 24 Ji 78 4 120 H 414 1014 47H 28 H 18 48 83 3 4Ji 34 J4 334 44J4 03 y, 108 H IWli 119 08 8 34H 84 J4 80J4 3H 31H w 7314 37 H 81 17 48 7 4K 33 !4 1I3J4 41 3414 68 Ji 43 63K 36 39Ji 66 48 31 0J4 41 3314 314 14 14M 28 08 V, 24 u mi 13 7M 18 14 103 iA 8 ISJi 10 61 60 '4 UK 43H 11114 9J4 70J4 3114 73 H 2SH 20V4 14 04 37 6914 H 41 07 S 12H 4 3J4 1:80 Nt P. M Chie. 4114- US 13 - Ji 36 20 ..m 104 IH .. 38J4 30J4- H 73 1W 65 34J1 J4 84 14 131J4- 514 4J4- Ji 1014 .. 47- 14 39H- Ji IS - 3H 45 M14- li ' 3Ji- 14 4J4 4-I1H 34Ji- 14 3814 14 44 Ji .. 63H- 108 14 .. 118H- Hi 119 - 1 OBli- Ji 8 tf.. 34M 85 4- 8014 14 31H- 18 83 7214- 3 38 H 61 17 Ji 48H- H 7 4)4 .. 33J4- 14 "4 ' 41 1 24(4- 314 00 43-14 8314 .. 10K .. 36 4014 65 - 14 48 ".. 3314 14 9J4 41 - 3314 3H- 14 -14M- 38 68 H .. 24?4 14 6314- H 13-14 H!4- H 19 - 114 193 - 3 ty .. 88 - !4 H 18 81 1J4 60-3 U .. 11J4- V, 44H H Dlr. V 100 ., Jewel Tea 10H 1480 .. Kawaa City Southern J 609 4 Kansas City So pf.... 80 14 F200 s Kaysbr ft Co 78 1000 4 Kclly-Sprlngfleld Tlra. 38 390 .. Keystone T ft R 1314 100 . . Lako Erie ft West pf . . 20 300 t Leo Rubber Tiro 36J4 B00 8.80 Lehigh Valley 8114 1300 ..LoewoCo HH 100 1 Loft candy 814 100 t Malllnson ft Co pf.... 84H . IOO 10 Manatt Sugar 30 16189 i Mcrlean Petroleum . 94 APR R tD NHS rr LEAD CURB TRADE ii. r 1 00 l,6 Middle States corp. 113 - 10 14 70J4 14 8114 H 7414 Ji 38H- 1 2014- H 14 041 37 14 70 - 'J 4?li- 14 67-1 88 - 14 12H- 114 314 .. ! 14 100 300 600 600 100 100 , 100 100 100 1890 '300 t 1000 1700 100 100 1090 380 100 1090 3100 100O 9100 690 100 100 300 100 800 2800 100 100 100 100 4000 600 1900 100 100 1700 100 100 100 300 4300 5 100 300 1300 3100 3400 1400 300 300 100 37300 4300 300 100 100 1300 100 100 300 1B00 600 100 500 9100 100 3700 300 6400 300 3300 800 200 100 100 100 100 100 200 10600 It Minn & st Louis 10K .. Missouir pacino in S Mo Pacino Pf 8814 7 Nat Enam ft Stam 89 H 4 National Lead 73 14 . . Nat R R of Mex 2d pf 4 .. Nev Con Copper 10 fl N O Tex ft Mex 61 8 N T Air Brake 60 8 New York Central.... 71H ,60 New York Dock 38J4 .. New Tork N It ft II.. 16 J4 7 Northern Paolflo 70H 5 Nova Scotia S ft C... 3314 .. Nunally Co 014 3 Orpheum Circuit 17 Ji .. Otis Steel OH . . Paclflo Gaa ft Elec, ... 58 .. Poclflc Oil 38J4 8 PanAmer Petrol .... 41 14 fl Pan-AmerB 36 t Pennsylvania R R. ... 3814 .. Penn Seaboard Steel.. 7K . . Peoples Gas Chicago. . 86 .. Pere Marquette 19 14 . . Fere Marquette pf . . . . 37 3 Philadelphia Co 39 Ji .. Phillips Pot 1714 .. Plerce-Arrow Motor .. 13JJ .. Plerce-Arrow Mot pf. 89J4 .'. Pierce Oil 614 .. Pittsburgh ft W Va.. 364 .. Pressed Steel Car 6614 8 Pullman 0114 .. PuntaAlegre Sugar... 37 4 Pure Oil 38 8 Railway Steel Spring. 73 .. Ray Con Copper 13 4 Reading 68 Ji 2 Reading 1st pf 3814 . . Remington Typewriter 30 .. Republic Iron ft Steel. 46M .. Republic Motors 914 30 Royal Dutch Amor... 48U .. St Louis San Fran.... 23J4 .. St Louis San Fran pt. 3014 .. Soars-Roebuck 03 H .. Sinclair Oil 17!4 6 Southern Pacino 78 14 .. Southern Rail 20 .. Southern Railway pf. 44 7 Stand Oil of N J pf. .108 2 Stewart Warner Speed 3314 7 Studebaker 08H 3 Texas Co 34 .. Texas ft Pacific 24 1 Texae ft Pac C ft O.. 1714 .. Third Avenue 13J4 6 Tobacco Products ... 87 14 .. Trans Con Oil OJi 8 Union Bag & Paper 68 .. Union Oil 17 10 Union Pacino 12014 8 United Drug 60 ..Us Food Producta.. 18 0 United Fruit 103H 8 United Retail Stores.. 60H 1USCIP4 Fdy pf.. 4014 .. U S Ind Alcohol 40H ..US Realty ft Imp.... 45J4 u s liuober 18 Vi U S Rubber 1st pf. .. . 8G !4 U S Steel 74 Jb U S Steel pf 110 Utah Copper 45 Utah Sec 814 Vanadium Corp 2714 Va-Car Chemical ... 2514 Vabaah 7i Wabash pt A 31 Wcatorn Union Tel.... 81 J4 Westlnghouse E ft M. . 41 J4 1:80 Nst tow p, It. Che. 3J4 Ji 14 iomswh- tn S5H 49 Ji 6014 H 78 78 13J4 87H- 1314 y 30 - 1 S614- V 81 14 H HH H 814 .. 84W- W 80-1 93 - M 11 18H- 14 1814- li S8H li 39-1 7314 .. 4 10 61 60 4- 7114 14 3S14. i 1614- 14 78N- 14 3314 114 814 14 1714 .. 9 14 68 36J4 41 - H 36H 38 . 714 .. 55 1914 .. 37 - 1 39)4 .. 1714 .. 18J4 14 3914 .. 614- li 2614 14 8614 li 01 - 114 37 35 73 - 1 13-14 68I44- H 3814 .. 20 40J4 14 914 H 47 - IH 33J4 14 88J4 30 4 44 K 108 i7J4-aiii 5Ji- 1J 0J4-88-3 17 - 14 18014 14 56 4- 14 1044- It 10314 103 H- 14 47!,i 47H- 3W 40J4- Ji 401 45-14 47-1 86J4- 14 74 4- 14 87H 1114 30 3814 8114 1114 814 84H 30 . 9114 10J4 10K 1914 39 7314 4 10 81 60 7114 38J4 18 78 U 3814 014 1714 9tt 86 3814 404 88 H 87 J4 714 68 1914 87 28!4 1714 1314 29 4 614 36J4 66 Ji 8014 20 H 35 73 13 67 H 3814 20 46 U 814 47 23 H 38 J4 07 K "14 7754 1914 44 i 108 23J4 07 33 H 23 K 1714 1314 65K 0J4 58 10 H 119 i 8514 19H 40 li 4514 45 4614 8814 73M y 14 14 H 14 li 14 A 14 lo?i 110 4414 414- HVi 1814 3.. 2714 2714- H 24fc 24J4 1 7?4 74 .. 21 21 HiHnsi? .. 30J4 39H- 1 Commodity Markets GRAIN MARKET , Chicago, Aug. 10. Wheat started with September steady to c higher .ml Tl.mhpr linphnnffprl tn ''. o lMttir. Tnide was mlicj with some prominent commission houne buying, while locals OHI. Corn started c to aic lower for Qnntntnbn,. nnil ininhnnpprl tn a.o hlphpr for December. All the pressure was on septemwr, wnne Duying 01 ijeceinocr forced that delivery to a premium of lc over September, against a discount of lJ,4c a few days ago. Oats started at a new low for the season with September V4c lower and December He to Vic off. Commission houses took the offerings on the break. COTTON MARKET Now York, Aug. 10. The cotton market opened steady at an advance of 1 to 8 points today. This was a Mir priso tn traders in view of the fact that the cables from Liverpool were poor. The stability was attributed chiefly to reports of continued high temperatures) in tho Southwest, notably in Texas. There wns trude and Liv erpool buying, while New Orleans and brokers with South Atlantic connections sold. The list continued steudy after tho start and was 0 to 7 points over the previous close. Receipts at the ports for the day are estimated at 1S.000 bales, ugainst IS, 40.1 bales a week ago and 5500 bales a jeur ago LONDON STOCK MARKET Undertone Healthier, but Altera tions Narrow Industrial Group Idle London, Aug. 10. Securities on the stock exchange had a healthier undcr tono today, but alterations In prices rcmulned narrow. Trading wns not largo and the usual week-end absentee ism was noted. The oil group moved upward again on rtpurchnshlng of lines that had been disposed of recently. Shell Transport nnd Trading was 4 and Mexican Kaglo 4. Tho industrial department was idle, but it displayed greater stability. New recessions In tho raw article caused fur ther declines in rubber shares. Some gilt-edged investment Issues gained ground. French lonns were dull, hut unchnnged. Homo rails were better, having been oversold. Dollnr descriptions were quieter, but steadier in sympathy with New York exchange. Profit-taking weakened Argentine rails. Professional buying aided knfflrs. October . . D-cemlxjr Janunry .. Mxrcn Tost, close .... 12 98 ... 13.41 13.411 13.7S May 13 Own 1 1. M. 12. till 11' l;i 13.41 18 IT 13 US LOCAL MINING STOCKS TONOr.UI HTOCKK Cash Hoy OS Jim Uutler (17 MHcNumuru 14 Crescent OS Midway 11 Mlzpah Kt (iT .Montana un North Stsr os Rescue Kula j Tomipah Ext 1U Went End ;j West Tonopah 02 DIVIDE STOCKS .08 .OH .10 12 .13 .110 .07 HT .H5 .04 13.4-.: IB IS 13.TS 13 SO Today'e Range In Liberty Bonds Kentucky Truiilcn & Trrmln.il Virginia ltulhniy 1 Power Co. Atlantic. (.'Ity Klrrtrlr Ciniiiuny Amerluiu (Jim A rjrfUlp Co. New Orle.i n Itulla ii l.lilit ruUsiinnnm. lluulij Transit to. 0' in; SAMUEL K. PHILLIPS & CO. M-cTitt!"8.rAiMnM y iuj3 A's iu.; i S's 1D3H ' A' 111 111 ' ' Phila. & Reading Ext. 5s, 1933 MORLEY, WOOD & CO. 333 Chestnut Street Members N. V. Phil. Htock Exrb's, Liberty S'.js Liberty Ht 4'h. Liberty -M 4'is. . Liberty 'M IV,. . . Liberty 4th 4 i s . Vie Notes Hs. . Vie Notes 414k. . ss.do 8h.::s h7.!HI S7.KH S7.TS S7.7-' 1)1 .OS U1.W2 S8.00 87. Sd 118.72 118.72 1)8.74 1(8.(58 1 30 r. ji. S.s. 12 87. ill! 87.72 !U.!)2 87.88 118.72 1)8.72 Demand for Wool Slackened IloMnn. Auk. 10 - Th CommcTi-ui nu llln t'imoirow ulll snj "The ilemuiul f..r ivool has bi'n ! pronoqnieil lurlnK tho lual w.k, but tliero Is still a hwalthy vol urn, of hus'ness belli inn and prlr .s lira readily maln'Mneit n the hauls of lnt . Is HU'jtaitoni Tnr oul ook In Iho ooin market ' . ncnuruKliiK, might Imiiruvonu'.n l.i noted In the fornlcn markrta. with nrlrc-a somvwbat higher un tho best types of ihier wools In Australia, Knglbh totmskera have cdvsmocd uoitlon aUshllr. in syrupaXby," NEW YORK COFFEE MARKET New York, Aug. 10. There wns a very' quiet opening in the coffee future market this morning, prices being un changed to 2 points lower. A few min utes before the start a speeiiil Santos cable reported that market ,0 to 125 n'is higher. A cable from London reported the consignment of 1,000.1)00 sacks of cof fee to Havre, the cofTee to be taken In quantities avallnble for trade. Tho cnblo said that other operations may follow. Trade interests were again Interested in purchases of September, the mnrket at mid-day advancing about 5 points from tho low of tho morning us a result of this buying. Wull Street was nguin on the selling side. On the whole the market wns quiet and lucked snap of auv kind. It wns believed in omp quaters that the good demand reported In the local h)Kt mnrket and the higher prices pre vailing tliero must sooner or later be reflected In the futures market. Vent r-lnsa OrMn September il.tloWill n flowed DeCHmber 7,03$ 0 7 03&O5 March 7 4S(fH 7 41 4.1 i n.i'y ii 7.ijj Jlav 70 MONEY-LENDING RATES .NT.W YOHK- -Money on oil I, lejth rlainei of collaternl. openod today at .IH per cent lor lendlnu- and rmwint. I'IIII.ADKI.I'IIL -fall, n per renti time, fi ixr cent, tominerclal paper, three to six months, n per cent. Note These are. merely nominal quota tions the lev.il rata of Interest In th Stat of Pennsylvania belna fixed at (I per cent. Plus premium and commission, time money for thirty tn ninety clays Is loaned ftt fl to II H per cent, while commercial paper, from thirty to ninety days, la loaned at 0 to DV4 per cent. LONDON Money Is quoted at 4 per cent. Discount rates, short bills, 4 to 4I per rent, three months bills, 4 13-11 to 4 por cent. Raw Sugar Quiet and Unchanged New York, Am. lit. Thn raw sugar mar Let is quiet and unchanged on the basis of I r.o cents In sddltlon to the ales of Porto Hun and Ht Croix mmum reported Iu the T'deral Hux.ir Kuhnln Company jestonluy at 44 cents, c. I. f . Philadelphia rflpr pirihaiid 4ilO0 tons Philippines in port at Philadelphia on Inn same basis Impnrta t ons Included HI 001) ban's Cubas. runslunsil ii ihc I'ederul Susrar Uonnlnir Cointiany. Tha local refined market la uncharged at list prices ranvlnx from 8 to 0,10 cents, lesa i per cent (or cash. Allied Divide Alto Divide llelcher Helcher Ext . . ... .. lion Ilur HrouKh Divide .... Dlvldo Kxt Divide Con Dividend Kost Divide llnrmlll Hasbrouck Divide . lllKh Divide Knox Hovert DIvliNi Reno DIUde Hoseta .Silver King Sutherland Tonopah nlvldo . . Tonopah Havbruuck Victory Dlvldo .... Verdo DUIde Y.ijnt .'inn .112 .01 .IU .0(1 .'.'h .IP'J .03 .111' .11 IVJ .1)1 .11 ... .02 ... .0L' . . . Ol ::: l ... .Hi- ... .ol o.i u OOI.Dfini.D STOCKB Dooth 03 t'omb Kractlon C'racKnrJacK DlumondlleUl Jllue Hull.. Florence (loldllold Con Gold Day Ooldneld Deep Ureat Uend Jumbo Kxt Kowanas . . l.onc .Star . Oro Rod IIIIIh ., Hllver Pick Hpcarhead . .03 .01 .Its .00 .01 .(II .02 03 .IU .3 Amparo Caledonia .... I5den Kmma Silver . . Kureka Croeaus lOuri'ka Jlolly . Jlecla Mother IJde , . NevaiAi Hills Novadu Wonder Hurcess Tecopa Mlnlnx White Caps . . . Wllbert 10 02 MISCELIANEOUH 1.10 .OS .10 .02 ,:ir. oiH 4'. 6V .ol .IT 02 OT .ll.'l .01 .01 .03 .02 .1.1 .OOV4 .OS .30 .03 0.1 03 .13 .03 .02 .13 .03 .1)3 .03 02 -"J 0 .113 .02 .nt .12 .04 .noli .04 .02 .40 OS .02 .112 .03 .0,1 .03 .01 jo .03 i.no .12 20 .n.1 .33 2 '.'2 .0.1 .eu or. .03 RAILROAD EARNINGS BUFFALO, KOCjyjHTBIl AND 1'ITTS- Recond week Ainrust.. l2w!()St .Vm'lOO Jan. 1-Auit. 14 0,0.l.l.l,17 M.UUO.UOu CANADIAN NATIONAL Pccnnd vieek August. . ta.o!3.3fli lain fl.il "Vbec'rea?.. " .tSKfa 4.18i:8o GOVERNMENT BONDS Panama coupon Is Il)3fl Panama registered 2 I'isn Panama coupon 2s HUH . Panama coupon 3s toil! . . Panama renlslered 3s. 13(11 I h llpplne 4s 1034. . . Philippine 4 103.1 Philippine Ik 11)311 r S (lot couimn ?a 1080 V S (lovt registered 2s 1D30 nid lonu lOflli lnntj 7.1 7.1 si JS 10. '""51 Dlst of Columbia 3.05 1021,. o TT U flnxit fWMirtutt la 1 (l'tsl ft fl Oovt mistered 4s102!l Ask 101U ioi '4 Financial Briefs iT!,, 1'r" Price, of the twenty active Industrial stocks declined 0.18 pr cent yis terday to 0s.se. while the twenty ratli ad vanced 0.83 per cent to 72,28. .i'i'il'i"''', '. Hrdt. examiner for the Phila f,nr,PJCu,V"""r lIou"e "" '" for Kenne catlon where he will Bpend his va- k.Th ChesebrpuBh Manufacturlnc; Company 5Sr".jKS.n "l? 1 ho list of industrial cor porations which have elected to conserve ch resourcea at the txpensa of dividends. .92?"7f.I-:ltt1' Company, for the six months 25h .hii" 8?'..rcpi)t". surplus after taxes T?d..5nar,tM of Jl.088.tJ40. malnst $1,814,420 In the eumo period of 1020. ' ,e Mercantile Trust Company haa been nCe.T6.a. an00'tnlanlo,v7, "Ith temporary o" :, -j :" , " ".n venue. Amons- ine or 5,n r.h?.?r'i,,1i"rJ- Swore, John M. Dred .l!,I'.i'hV.1!'.?' 1).arli?u.,:i Colonel 11. If: fijitli. V"7.j 'ii,""r j. ouiuvan ana Walter 8. im.?K Ti" ,caPllaly stock Is to be 1200,H)U and the surplus and undivided pronta IBOiOUO, net ?nCir!L.PlJile u,lllt"? Company reporta net earn na from operations of 12.142,802 pareJ'wVthrsMn unu 30' i com pares wun ll.hGs.Oi. for preceding year. Mathieaon Alkali WarW tn MHk. ended June So.'how. dehclt aft .'r tMd :?;;. .Incomo followsi Operatlna losses SSFS'i Atlantic Iobofi Oil tor thfl vtxr AnHa,i n ?,rmrcf rJ,U '?luj'n .utslalajre" ??pon SJt" OBI 015 f,ef-BC,.ariKi:.0J,,.,,',,"rBl ""'" T-Iowa- Net' h-5b. M. ,ncome "'count fol- ,'t5t'8.,en8i1.T,5,U,,80',,7' nit profit l,0Oiai 018: profit and loss surplus 1418,034 end.dCjru'LCiinar.C?"ny' f?r ,ho Blx months M'lSm ,"" reports rum ui after rhnrco.i and Federal tax of 1.03i,040 eoual afiar K'tsV?.:1 ,""l dcb'n'" Preferred divided to 13.02 a, share earned on th 118 IOI iiiii'i IMffsffi' tCnOI?,Iar',d with n.Sl4,420;"or 1020 cnrrcspondln period of nkit. .s.i. i been 1 Block i Com- !Se?; ZW2W& mivlRBpSJSE"a...!l ., ii,tnail.r ucpurimeiit, Kxplanatlon of tho easier call monrv t the Now lork Federal Iteserve iiink nnd th ?$$,S.V sti onS5"a9dfrti?n S at 48 Vi. demonstrating that at current msr asf'r'llo'SJiUffVCS current liabilities of tir.orAai ' a"anst LIVESTOCK QUOTATIONS I'ltUkunh, Pa., Aug- m tinnun. VW-W0 hMd'. "'"her Ile'avie? lolols 0.T6; hekvv yorksrs. JIU.ToWlo ) li .h. yorkers. $10010.50; plV. t Tnoin ' "Bnt HHEEr AND LAinJ8rUc,"pt. -OO head. Steady. Top sheep, l.237top Iambi? Top'I,l'l!8KeC,,m, ,5 h..d. Steady. necelpts. (12.1 head. Dull ,mi "mT rfSr ,Mi'rtfSi 1-;!' I"1'1' Ht""5" I813 C"1Ve MfKlB Ilecelpts. moo head, "in to tn- hk-her Heavy 10 7.1ifM0 L'S; mix d iin o i. 7.1' yorkers. Mo.7.1(UHl 88- t.'. tiJ LK" te'ffil-.. JOOJ. head, others unchana-ed. '""'' -W Il.no, DIVIDENDS DECLARED West I'jnn Hallways, quarterly iu r,.. "enpVe,;b,,e He""" ifflissm ,if.csa Fairbanks, .If.irse Company, ciiiarlerly IU to'Vo'ck1 oTreVolotYli"6 "A New Orlettni, Tpxhh ni mvi nt BAR SILVER Domestic bar silver was unchsnir..t i . prlco waa Ud hla-he" at 38.ij. ''n ,n'' Paris Bourse Firm i..,x-. Iw:j,cKrn'lnrtninMn 'So Eureka Croesus Losos Early Qalns on Profit-Taking Oils Extremely Quiet Nw York, Aug. 10. Spculntlon ngnln for tho larger part of the session on tho Curb exchnngs was nlmost en tirely given over to the low-priced is sues, especially tho mining shares. While a steady tone was shown, price mnvnmimtfl worn mnflnftfl In narrOW fractions. Trading In tho higher-priced atAolr rvna srtrsmnlv 1 lo-hr with lllglC- nlflcnnt prlco changes, while several of tno low-priceti issues loucneu new iu marks, on rather small offerings. Itcpubllc Rubber declined 11 cents, to a now low rrcord of 14 cents. Com monwealth Flnanco issues were moder ately active around yesterday's high lovcl. Glen Alden Coat was somewhat Irregular, fluctuating nt a range of about a half point. Acme Packing cased off to Us previous low mark, nt $1. Fnrrell Coal was under better sup port, advancing 1. Uritish Amer ican Tobacco stocks were a simile oasler. United Profit Sharing. United States Steamship and United States Ship Corporation were quiet nnd un changed. Arkansas Natural Gas wns heavy, ylolding fractionally. Oil stocks were extremely nulct. Boston nnd Wyoming wns n shade lower antl Skolly Oil ruled stonily, stanunru Oil of Indiana wns less conspicuous nnd nbout unchanged. Glllllnnd Oil continued heavy. Anglo-American Oil ensed off slightly. Mexico Oil was down nbout 4 cents, nnd Carib syndi cate was nulct and slightly lower. Cities Service issues were extremely quiet, ruling nround tho previous closlne. In tho mining stocks interest continued centered In tho low-priced Issues, Eureka Croesus developing consider able strength nt the outset. Lntcr on profit-taking lost nearly all tho gains. Boston nnd Montana yielded 4 cents. Ninisslng was a fraction lower. Bonds wcro only moderately- nctlve. INDUSTIIIALH 1:30 Hlith Low P. M. Acme Paeklnp; !; I,, 1 Allied- racking- SJi njt 8i Drlt Amer Toh re 11H 11$ 11$ llrlt Amer Tob roun 1145 114 114 nuuav uuda - Car Llirht M Celluloid Co pref 102J4 Continental Motor 8H Com Finance no Com Finance pref 70 Empire Food 2.1 Farrcll Coal 10 3len Alden Coal 3114 Mendel Box 40 National Leather 7 VI Parsons Auto 0.1 jinoio uom i 28 mi 102J4 8g& 28 n OOTt 40 DO Radio Com pref IH rtepubllo Tire Hub in Southern C & Irorr 2 Sweets Co '-'i Tob Prod Cxp 4H 1J S Ship Corp 1 U B Steam 30 United Profit Sharing .... 1A West End Chem 72 8TANDAUD OILS Annlo-Amer Oil 1BH Standard Oil of Ind 00M INDEPENDENT OILS J2 14 ! it 8n., itt 72 Arkansas Nat Gas "H Boston Wyomlns; 07 Carlb Synd 4 Cos den A Co 7 Creole 6ynd II Elk llasln Pet 8U Federal Oil 1 A, ailllland Oil U Imperial Oil Int Petrol I0 Lyons Pet o.i.. Mnracalbo Oil '"VI Mexico Oil 1.1 Noble 18 Tennok Oil 44 Snpulpa Kef Slt Slmms ret !' Rkelly OU R Texon 47 MINING Alaska P.r Columbia 32 Boston Ik Montnn. 00 Cortes Slher 77 Eureka Croesus ail nolddeld Florence OH Harmlll Dlvldo 18 Hecla Mining 3t Kerr Lake .1V Murray .Mou 41) National Tin 00 Nevada opnir - New Dominion Nlnlsslnn Kay Hercules 23 Hllver Mines of America. . HI) silver liuiB of Nevada ...in Tonopah Cash Boy 4 I'nlted Eastern 2 A United Verde 23 White Caps 4 WINDS IS VJ on 8T 7 14 BT4 1ft 1 on iiV4 112 IK 40 31 n.i 77 31 38 14 :u SVi 411 84 1'7 28 VI) 102J4 8i 60 70 o5tt IS 80.. Hi 72 IS OO'.j m on 8T4 7 14 r.T4 ia o!!H 3S 46 32 08 77 34 AH 14 VI 4() 88 2s 'H lii l1 I 4W 4 ' 4S ! Allied Packer 0s Amer Tel 0s 1U22 ... Anaconda 0s Anaconda 7s 102U. . . Armour 7s Beaver Board 8s Both Steel 7s 103.'. . Can Ptc fls Can Nat nwy en 7s. Ohl N Sta ll'is ... Cons Gas fls Copper Export 8s 102 1 AH. . . 48', 08 883i 0.1 H US 4 7.1V4 0.1 HTH I' ( T 101H toil; 1022.' .KlOVi .102 . U3 . U . 0U, . 07 4 L'I . n',i . OS, . HSti . UMHi . 118 . Mil U7'.; ii no 13 4 22'ii I8J4 8SV 03S 7.1 V. 11.1 97 H 1(11 H inivt nil)'. 102 2Vi 04 07l 7rt'l 70' 0.1 ICJ'4. HS4 OS on 1II2'J u. " r. . , r l'l"J 23 78 13 4 22 4 4.V4 1181 03'-. iinH 7.1H 118 1174 101 1 Iii4' i 10(1 102 ' n-4 ' 01 I llfll, 07 H 7H'i f8 08M, 084 OS Oil 0i; hmH 02 'J II74 101 Deere A Co Ualena 7s Goodrich 7s Gulf Oil 7s . Humble, on 7 Interboro 7s Llbby-McNelli Ohio cities ' nil. u.r.i c Philippine Oovt s'.ia. Solvav 8s Southern Itwv (Is Stand Oil N V 7s 1027.... 1U2S Stnnd Oil N V 7a l3l. . . .1014 Stand Oil N Y 0'4a 100 V nun un (a 1124 02 4 Swift 7 103t 07 i 07 H Swift 7a 1028 07? 117 4 Vacuum Oil 7s 101 100v. FOREIGN EXCHANGE New York, Aug. 11). Foreign cx clianKH rates were onnler at the open ing todny, sterling ns well ns the prin cipal Kuropenn cxrhniigcH, together with the Soaii(linnvlnii8, nil hplng quoted fractionally lower. Mnrks, lmw ever, displnyetl a lirincr tone. The quotations follow : Sterling cables :i.0."M. demand I.JH'T, ; frnnc cubics 7.71 ii, clirclis 7.70i: Bclginn cables 7. fill, checks 7..V; Swiss cables 10.87, checks 10.S4 ; lire cables 4.L'7, checks 4.'J0'i; peseta cables l'-'-Ol, checks l'J.OO: guilder cables .'lO.On, checks .'10.00; Stockholm cnbleH 21.30, checlts L'1.25; Cliristlunia cables 12.0S. checks 12.1W ; Copenhagen cables 10.25, checks 10.20; marks, l.li)1. The rate of premium in Montreal to day (in New ork funds wan 11 1-1(1 per cent. The rate of discount in Net,' lork on Canadian funds was 0 15-10 per cent. f'ential Kuropenn exchanges wero: Greek 5.50; Kuiniininn 1.21'.'.; Bui giirlan .85; Austrian 1.25; Polish. 018' Czecho-Slovakiau l.ll); Jugo-Sluv-inn ,51), YESTERDAY'S FINAL QUOTATIONS B'erllni; Francs Lire Oulldera Demand H.OOS 7.77 4,31 III n! tables 3.00 7.77W 4:84V, u.U TODAY'S OPENING QUOTATIONS Dem.nd ..... S.nVi 7.70.4 4auu"'K . -i t. Cables S.fl.Hi 30 03 Alcohol Dividend Halved .. .? J'"'k' Au"' 10. Directors of the United States Industrial Alcohol Company at their meetlnir yesterday afternoon cut tho dividend on the common stock In half. The payment was II a share, compared with ii previous Quarterly rate of $2. which had beon paid on the common stock since thH Ilrst ouarl.r of 1020. In 1010 the compan? paid 14 per cent.. In 1018. 10 per rent 2nd In the previous year 82 per cunt. Tho Inliii dividend declared on October 1 inn amounted to 1(1 rer cent. The dividend for the current quarter Is payable SeptembeJ 18 to slockholers of record AukusI 31 After 'st'atenrntntnif ,h dlrcctor l"u:d lhu followlnj .,.'Jh.Vr'in ?.ro?"c.,,.0'.ih!? company, Indus. ...... ,...,.,, ,a Qiniujni in so many Indus tries that the general and enntm ,LV t. ..1,2. depression has affected Its demand. Other products and spec allies are doing well. It has been decided by the Hoard of Dlrertcrs .reduce to 1 per share the ('uarterfy d.vldend on lh tommnn slock of the rnm. , ., M."i 'i;S,S CHARLES E. INOERSOLL STANLEY E WILSON . A. D. SWIFT . . . DAVID R. CARSON . ALBERT H. ASHBY . WILLIAM POST . .CrwlrmanExeeiirtwQimmliitt President Vice-Preildetit Guriler AJiant to the President Auiifant Caihier Central National.Bank of Philadelphia Chestnut Street at Fifth Capita! $ 1,000,000 Sttrplui and Undivided Profits Earned $4,400,000 4n' Philippine Government 5'i Public Improvement Bonds Due August 1, 1D41 Exempt from Fcdoral Income Taxes arid from State and Municipal Taxes Principal and Interest payable in Gold Coin nt the Treasury of tha United States THESE BONDS CANNOT BE REDEEMED BEFORE MATURITY Price 98"2 and Int., Yielding 5 IYIACKIE, CROUSE CO. Real Estate Trust Building OTIS & CO. Stocks Bonds Acceptances Foreign Exchange Member of New York, Cleveland, Boston, Chi cago and Detroit Stock Exchanges, the New York Cotton Exchange and the Chicago Board of Trade. Private wire cdnncctions with principal markets of the United States and Canada. 216 Superior Ave., N. E. CLEVELAND New York Boston Detroit Cincinnati Columbus Toledo Akron Youngstown Dayton Denver Colorado Springs Investor's Pocket Manual A record of stocks traded In on all exchanges. Over 270 pases of com llete nnd n.intlnt Infor mation and statistics. Sent free on request MILTON HEOMtfCO 6TOCK3-rORriGNUaiAet BONOS CWOOU OATS O fftOCK OOitMitH 1G22 Chestnut Street r-honrs: Hell, Spnice 8041-3.3-1 Keystone! Itnce 730 74 nroudwny & 4811 Bill Aie.. N. T. Htnmfonl, ronn. Sprlnellrlil. JInss. IloLTokf, HIlls-4. Adirondack Power & Light Corporation First A Ref. Mortgag 6 Bonds Due 1950 A long term hydroelectric light and power bond secured by mortgage on all the prop. crty of the Company, serving a wide area including Schenec tady and the intensely induj. trialized region of the Mohawk Valley. We recommend these bondi for conservative investment Price 86 and interest Yielding about 7.15 Complete circular on request Harris, Forbes & Co. Pino St., Cor. William NEW YORK PHILADELPHIA OFFICE Widcncr Bldg. Telephone Spruce 7040 GRAIN AND STOCKS Facts and figures relat ing to securities or grain cheerfully sup plied. We specialize in Odd Lots Boureau & Evans Slembcrs j ,,'h,lla- "V,"'" '"jh'jnuo ChlcaBO Ilonril of Truilo 130 South 15th Street Philadelphia Locust 51S2 Jiace 1731 GE0.A.HUHN & SONS STOCKS AND IIONOS Memhers of the I'lillnrtelnhlii, vBW ork and ChlriiRo stock Ktclmncii New lork rl ton i:chnni:" Commission Orders Executed In ..ui1 tte Principal Markets Liberty Donds Bought and Sold . .. Ill Ilrondivny. Atlintlo city Amlinssailor Hotel y" $$$$ United States Steel Wc have prepared A Mirror Chart and report on this issue, shoi Ing every important market swing since February 1920. Each move is explained In simple language making it valuable to the investor and trader interested in this tc curlty and the meel situation In general. Sent Free Upon frouest Ask for No. 237 Kardos & Burke 1424 Walnut St., Philadelphia Phone; Spruce 6397 New York Chlcsio rimburl Bililmon Dirrct Pnvau U'lrn Omrcnnx AH Ofca EUDERSOH&LGEBI1 I tt'p"?' ,Yor and S1 1 Pfoladelphw Stock ExchaiweM H 0 (410 Chestnut St. 1 C. S. VAVToWWcd: IJ Jt rilKNTNTT STM. UANKEHS . Hiureiors to DAIT.KK t i'l',VKNSntf Bonds nnd Slocks lionelit anil soli i'rnl'.'rsrhlrttHinck Kxchaolri BANK CLEARINGS fis w.: ViW hwwti ii'Wn n, x. ...uc'socooo eri.Diiisbo 7Q3:oio;53 AUTOMOBILE INSURANCE . I.IHKUTY MI'TITAI. INNURANCR CO rhon.i Ieint 07l 80.53 Ha. JSih'nt. Lee, Higginson & Go. Established iai BOSTON NEW YOHIC CIIIOAOO 130C Finance Bldg., Philadelphia Do You know how fco trade correctly in the Stock Market? What you don't know would require a lot of telling. Wc have issued a book on the subject. Write for it. L-l5, J. F. McGOVERH & Ctt Member, of IM.IH. Stork nh.l UtO South l'enn Ha.. lD"ut jol I OnlrrM rxraitrd In !I '" & i. l ltrilUftf ilCT 1V "' wMammm. . mm-m s.ssss . II aineo Foreign Exchange Expl Aih for Frx Inohlet F'3 221 South 15th St., PhjlaP J Ilrll I'liuum lnnUt ""b-iidH Nw York t- i8v!vi stuaus & CO. toe Etehinn Bl.. abUadslshte ' J 4 sfcl'ti-'NfA " t a 'xft ' ..t"a'ij , .X- t WtUe ,, 1 LiLLVi.'v'-f '; !,.. f .v, J, :.4hlvi.
Significant historical Pennsylvania newspapers