!tJ iM"h v f , V it t.1 " s -:?'?' i A ..' a A EVENING PUBLIC LEDGER PHILADELPHIA 'MONDAY, x AUGUST 29, ,1921 ;i6 f-i'-im ,rv7r;-v ..'.'..-.rir;, ?r-.:w 'Tjri"yj'7.W3'ff?Twnri"v a .. 1 . - . . . r - tc i - i a., rr. 1 w ' -.- .fLwii ii iwhhih i . Wm ? IP 1 m M L' - n i-V t 7 m tit ,u ?5. ai.,l- 1F0UR BOOKS You Should Have "How to Figure Margin" Tells you all about the at tractive, marginal method of trading-. "How to Figure Intcreit and Carrying Charges" A new hook whi. h explain clear y how to fltrure. vour transactions. "The Investors' Digest" Olves ymt u-eful anil valu Ah'e Intern Mon ntmut ."0 different stock' "The. Dividend Payer" The Magazine of the Stock Market Anv or nil of thc bo.dis will be alidlv eent i.i v.u np'in request Viiit Our Board Room There s i ! 'in on the mat for voo .md a new quntitlon bnnrd that's a model for clear, concise. Information all V' York end Phils, listed N Hi.m-k rvian;e and Edwin E. Kohn & Co. Mtmbtri Consolidated Slock Exchange ol Ntw York 1522 Walnut St., Phila. Nr rh Trentnn Huston I'lttuhiirsli Mllmlnetou rnllMllle PRICE MOVEMENT :l NEW YORK STOCK EXC HANGE TRANSACTIONS i VERY CONFLIG N Rccoivership Proceedings for Interborough Wore a Dis turbing Element New York, Auk. Lft. f'ro current made prle movement of tnilny' tocK innrket not onlv irre?ulnr. but nt time' foiifllctlnji nnd ronfuslnp. Announce meiif of the nppllcntlon for n receiver for (lie InterboroiiRli Hnplil Transit ('ompnti.v wa a disturbing element. In a liienMire tills wan off-ct by nnotlier bntcli of favorable railroad-carnln? statements for .Inly by n number of tin1 larger systems. Supplementing tills '' the bullish plan offered bv the Oners! Klectrlc C'ompanv in r-lintisitiK the form of stork dividends and the remarkable favorable financial showing ninile by that company In connection xvlth the new plan. , , As would be expected under the cir cumMiine.'M, tlio market had both v fit I nnd strong spots. In .some ipinrters the , oxorzealous short interest again nnu u . erv uncomfortable time of it In so.uoez ! inc out of n bad fix. On the other I hand. In a number of the industrial. isiifclnl v the sucar. tobacco nnu mo ir stock, tln're wn evldi'iith A Hydro-Electric Power Twonty-Year Bond Yielding 7.45 Secured by iiiortRaije on all the propcrtv of the Central Maine Power Co. serving an old-established industrial territory including eleven of the sixteen counties of Maine. Wc have been identified with the bond financing of this Company for the past twelve years and recommend this issue for conservative invest ment. Price 95V2 and int. Complete circular on request. Harris, Forbes & Go Pine St., Cor. William NEW YORK PHILADELPHIA OFFICE Wldencr Building Telephone Spruce 7040 - H - --"" -'" TO ifMf mmmh HI I , nil I mnpr sn.enllnl nrcossitous sellinc le- 1 f'Hilse of the paucity of the liit.vliiK le , tunnel there were a creator number of ronctionan spots than those makms materliil enn.truellve heidwaj '! taken in n whole the list obvloul put up much belter re-i-tunco tn tin- pro sure, and. eeoptinc ihe specialties, milled wheii this weight relaxed. Tin' receivership proceeding for the Ir.terbnniiich Hapid Transit were not altogether surprising, but nevertheless 'Mis more or less if n shock. The acute weakness ,.f affiliated l.ues naturally everted a disquieting influence . There was a 10. point break in the Manhattan Klevated guaranteed stock, which was (aiiM'l bv the assumption that the guar antee would be broken in the event of a noelprhip. The Interborough bonds. hnwcM'r. were aKo hard pressed, the lefundlng ".'t declining more than ." .int The Interborough T.s dropped peailx 7 points and all the related trw -lion issues found new low levels. The general 1M stood the shock well under til" lead of (Jeneral Klectrlc. vhich was earned above "(I. for a net anm of uearl.v :t pointx. nnd which rep loenteil a iecover.1 of 10 points from the low point touched last week when there profesedt be some uncertainty regarding tlie dividend. 'Ihe xhorts in Mexican Petroleum anil a few other siei laities were also giien a further twist. Tinted States Steel also put on i. st re n if, front. reeoering the most 1 art nf the dividend taken off thts morn ing I'ef.M-e I lie i ud of the first hour the ;it turned i-i nt t lonsirv with partuular preure on -.iigurs anil inotnr. ("bund ler fontimicd to lead tlo decline in the motor group, making a new low in hi raking through the 40 mark. Amer ican Sugar Itpfming had a quick break if iiearl ' points, to ."!. the lowest price touched bj that stock since ls'.H. Soft simt.s were bImi found in Stude- liaker. Tanious Players. National Cloak and Suit preferred, Sears-Knebuek and l' nlted Drug. LOCAL TRADIKG AT STANDSTILL mmzssnrjwttn mDWJt h I i fei i- As Bond Prices Rise 1 3 an attractive Interei't return B becomes more dilflcult toubuln. g C'ondil "iiu to-1 iv jmini In tlie a(jM-.al'lll' cf i" - ting'tict. M mellls ll ' Jltll iille yie'dj g Still t Nisi We will gU'II sub- g mit o'lr 'i ' i.p m n ichI d BATTLES & CO. '- blUhr,' ! & InUcptndcnrc Miiurp IKast) airrnuiuiiui:i;nmiir.tiiiKi!,iri!uniii!i;i:i,i;r!nii!Uin,dn:;,i'ti!LiH3ii:rjin'Cffaa Dcalinps Mostly in Small Odd Lots. With Prices Sfa- tionary Sites "OS 3)0 7.10 I (Un ion 1000 2100 100 100 100 too 2 0 200 ion .1000 100 1700 too coo 100 IO0 4100 ?no iano SHOO 400 ion ETinoo 201 200 1300 201 2300 200 too 3100 (iOO I00 too 200 200 1701 1200 2000 A00 TiOOO 100 ion 300 0100 300 100 1200 100 1200 T 310 1200 nno 1400 lion 310 loon 200 1000 C7A0 300 1200 2400 100 200 300 300 fiOO 700 11C00 100 100 000 ' 300 5.S00 10.101) mm I0J 0200 1100 100 1200 400 110 S200 3000 3000 100 1300 300 200 200 3600 001 3sG0 ,7oO 1U0 100 100 niv. In I 12 Hlxh Ailamn Kxpress 40 AJax Rubber 19 AlRBka rtold Mines... Vt Allied Chem A Dye... 3?K Allied Chem St lye pf MJi Allls-riinlmers 30 Am Airrlo Chem VV Am Affrlo Chem pf... SI Am llosch Masueto . 33 nriiff Syn. ... H ran . . . . 2Vi Car & Kdy 124 V Hide & Leather . 10 ft Jce pf 0t Internnt Core . . 27 Am Am Am Am Am Am Am Am Am Am Am Am Am Unseed ISM Locomotive sn yA Ship A Com H Smelt & Sec 32 Steel Foundries . 23 Sugar Ttef lli Sumatra n n Am To) & Tel lH 12 Am Tobacco 121 7 Am Woolen 70 Anaconda Copier . 33H Adffo Dry nod8 Ipt pf 03 0 Atch Top & Santa Ke. H ft Atch Top & S V pf . . R0V4 7 Atlantic Coast Line.. S3 All Oulf A W I S S..'2H 7 Haldwln ticomotlvc . HVn . Itnltlmorc & Ohio 375 4 Baltimore A Ohio pf. ?i .. rtarnsdale Class B... ir.U ft Hethlehem Steel 11 . 40 .. ttrklyn Ilapld Transit H Butte Copper A 5?lnc. 3i Butte A Superior Cop 1114 2 I'm Zinc A Ind.. . . 3 rl California Packing .. " .. California rotrnleum. 3.7'i 10 Canadian racldo ....114 .. Central Leather ?3''i Central leather pf . . . 01 chandler MotorH 41 Vt Chenapeake A Ohio.. SI . .-.Oil A Gr West pf Ifii-i I 111 .Mil tV "I 1' ' Chi Mil A St V pf 3SI4 04 yt 48 31 ?i OH 'IK 31 Vt 23 8.TJ 3W 30 oc i; 102 2'A 13 '4 s i14 05 17 50 134 1HH C04 82 n (10 6 Chl A Northwestern 4 Chicago Tneu Tool... . Chl n I A I'nc 7 Chi U I A I'ac 7 pf. . Chile Copper . . Chlno Copper . Coca-Cola Colorado TAiel A Iron. 0 Colum Oa A Klec. . Col Oraphophone. . . . 7 Continental Can . ft Corn Products Ttef... 7 Corn Products Ref pf . Cosden A Co Crucible Steel pf ... Cuban Am Sugar Cuban Cane Sugar. . Cuban Can.) Sugar pf Delaware A Hudson.. Del Lack A Western.. Dome Mines Kndicott-Johnson .... . . Krlc . Rrle 1st pf 8 Famous Players L . . 8 Katnous Players L pf. 10 Fisher Bodv . . Flak Rubber linston Wms A Wte . Oeneral Asphalt 8 (icmral Klectrlc 1 I iiener.il Motors . Goodrich U F 7 (.ireat Northern pf. . . . 4 Grat Noith Ore ctfs. . . Hendee MfV. . . . . . Houston OH 00 Indlahoma lief . . . . Inspiration Con Cop . . . Interb Con Corp .. Inter Cons pf 7 Int I Ian enter new. . . . . . Int 5Icr Marine .... 6 Int Mer Marine pf . . . .. International Nickel.. . . International Paper . . .: Invincible oil Corp... . . Island Oil . . Kansas City Southern 4 Ki lly-Sprlngtleld Tiro. .. Kennecott Coppir ... . . Ke stone T j H .. I-ickdwanna Sted .. Lake Urif & West pf. ft 4414 2014 OK 30 73 2SH 14 44'i toh 3 Sl 73 H 814 30 Ti 2! 43 St 2 24 "2. 37 J4 IS 1 1 1- 37 lOJt Low 39 19 W Vt 30 Ji 80 ft .214 1Vl 51 32 4 25 122 10 Vt 01 25V4 1SH 84 Vi 5H 3Ui 32 5.1 3714 105H 121 08 1 3314 03 Vt 84 80!', 85 20 M 73 301, 50 10 47 m 3 n 3 B2Wi 31 'i 1 13 '6 ?? ro 30 If A 25 37'4 04 U 4S 3014 7i4 fl'i 21 33 21 5.1 3 3.1", OS" 102 T3'4 6'iU 1314 '4 17H 14 05 1014 5H 13 IS 50 82 8214 8Kb Vt 42 HS',4 11 30 7114 2J 14 43 2H 30 214 IVt 7214 814 3014 2 4 1 !4 814 2 24 35'i 17 1114 37 10 1,10 V. M. 40 19 n- 14 38 Ji 88J4 -.31 -4-2814 12.1 El0tt 01 27 -f 5H 31 1 22 30 -10 10 12114 7014 r 3.1 1-0314-85 V 8014-1 85 21 74J4 3714 4 5014 r 10 -40 ? 0- 3 1114 1- 3i 0114 -3114 4 113ii 251,4 i 01 -4014 -53 f t 3714 -04x 48 3114 1 75!- 1)14-311.-!-31 2.1 - 53'2 ' 314-35H-00U ! 101 25 55 -r 1314 7Ji 18 14 05 17 t Si) 1314 -1H r 82 14 --8J4 7n 44'i 12014 -1 0 'r 30 73 -2U H 41?,- 2 30 73 r 8'j- 30 214 43 4-814-2!4- 2414 3714 17- 1114- 37 12- Nt Ch. 1 V 14 2 A 14 1 1 ' !' Vt 14 ?. 1(4 14 Vt 14 14 1 1 14 v 14 14 14 '-4 1 14 ca 1 1 1 14 Vt ' 'A 14 U 14 1'4 114 Vt Vt 14 14 '4 14 114 '14 1 2 ( 1 Vt " 1 1 14 1 1 14 I i2 I 14 'A 14 ' 1 i'A 3310 310 1800 100 100 200 14000 100 101 1201 500 100 201 101 200 100 100 inn' 101 too 1500 501 200 1800 too 340) too 310 100 700 5000 1700 1800 200 301 .100 400 2400 3800 1000 .101 310 .190 400 103 201 51)0 200 100 1000 1300 1400 I 1400 500 4200 too 100 too 6100 200 1300 nno 100 200 300 100 13800 300 400 100 3G0O 000 3500 tnu 1000 300 800 200 300 800 100 1000 100 ono 100 2300 100 000 1200 13300 1200 0200 2000 200 200 100 200 500 100 400 3100 300 3100 100 niv. Ir. t Itlnh . . Locwc Co 11 W 7 Louisville A Nnshvllle.10814 7 Manhattan Kiev guar. 40 .. Martin Oil 1314 .. Math Alkali 1114 8 May I?ept Stores 7814 12 Mexican Petroleum .. 97J4 2 Miami Copper 1914 .. Mldvnle Steel 2314 1.00 Middle States Corp... 11 .. Minn A St Louis 1014 .. Missouri Pacific 18 .. Missouri Pacific pf. . 3014 .. Mo Kansas A Texas.. 114 .. Nat Cloak A Suit ?3 1 Nat Cloak A Suit pf . . 88 7 Nat Knsm A Stamp 3114 . . Nnt It R of Mex 2d pf 3 .. Nev ton Copper 0 5 N V Air Brake 81 S New York Central .... 71 14 . . New York C A St I, . 53 8 N Y C A St !! pf . . . 00 .. New York N H A It.. 1514 1 cw York Ont A W. . 17 7 Northern Pacific 74 .. Okla Prod A Ref 1 .. Otis Steel 0'4 .. Pacific (las A Klcc... 5414 .. Pacific Oil 3414 a Pan-Amer Petrol 44 0 Pan-Amer B 3 2 Pennsylvania It 11.... 37J . . Penn Seaboard Steel . . 7 .. Peoples Ons Chicago. 83 .. Pere Marquette 18 3 Philadelphia Co 20 .. Phillips Pet 21 . . Plerce-Arrow Motor . 104 .. Plerce-Arrow Mot pf. 35 .. Pierce OH !4 . . Pitts West Vn 25 Pressed Steel Car. . . 51(4 H Pullman 92 .. I'unta Alcgre Sugar.. 2714 2 Pure Oil 23 8 Railway Steel Spring. 1&'A . Rand Mines 25 .. nay Con Copper 1114 1 Reading '. 88 J4 . . Republic Iron A Steel 43J4 5 20 Royal Dutch Amcf... 4114 .. St Louis San Fran... 22 . . St Louis A Southwest 2314 .. Scars-Roebuck 0314 .. Seneca fop Corp.... 1414 .74 Shell Transport 34 .. Shattuck Arizona "Corp OH . . Sinclair Oil 18 .. Sloss-Sluffkld 3.1 Southern Pacific .... 7714 Southern Rail 19 Standard OH of Cat.. 70 Stand OH of N .1 pf. .100 Steel Tube pf 08 Stromberg Carb 27 Studebaker 09 14 Submarine Boat Corp. 4 Superior OH Corp 3 Tenn Cop A Chem.... 0 Ja Texas Co 34 Texas A Pacific 23 Texas A Pac C & O.. 17 Third Ae 12 Tobacco Products .... 00 Tobacco Products pf. . 8514 Trans Con Oil 014 Tratwile A Wm Steel. 31 t'nion OH 1014 in Union P.ic.flc 120 4 Union Pacific pf 05 8 United Drug 51 SO United Drug 1st pf .. 314 0 United Fruit 10414 . United Rwy Invest... 714 11 United Rtall Stores.. 51 . . US Smelt A Ref.... 27 .. US Food Products... 1014 4 U S Ind Alcohol. .'. . . 4014 . U S Rubber 4.1 8 V S Rubber 1st pf . . . . 78 lj ft V S Steel '', 0 1 J 0 4 Utah Conner 44 . . Vanadium Corp 27 .. Va-Cnr Chemical pf.. 0714 . . Vlvadou Ino n . Wabash 'U .. Wabash pf A 2014 . Wtstern PacltVc 2214 7 Western Union Tel .. 81 '2 4 Westlngbouse K A M. 1314 .. Wnlto Oil Corp 714 .. Wllls-0crland 5 ,2ft Wrig'it Auro H Ex-clMdcnil. Ixw U14 10014 35 1314 1114 1514 04 1914 23 10 "' 18 3614 '114 22 51 31 W 3 9 51 7014 81 00 14 17 72 IK 914 8414 31 4214 .17 3714 114 5314 18 20 20 9 2214 0 25 81 01 2714 23 7814 28 1114 0514 45 4014 22 23 01 1414 31 014 1714 32 Vt 7014 111 70 100 07 27 0714 3!a 3 GJi 33 2214 10 12 5i 84 Vt 014 31 15 11914 08 50 3J14 10314 714 50 27 10 4.1?. 4114 70 7314 43 27 C74 0 IV 2014 22 !4 83 J 4 42 7 S 8 tiUWHAHbUMHtU Y' : " TO NARROW RANGE: rPfr : In III illlilllH IN III lillll! N Mm Wmmm ' UmcV jo"J ID tl I II I Id fiU lliH tk9 Huj llllllllj linKflH mw mwkmw II III! 18 HwflliiiiH f , dp 4 fj WmmmVa. 1:30 Net r. .r. rhs. .11 10014- 38 -1314-1114-114-07 1914 1014- 18 -3014 114-22-58 -3114 3-9-51 7114 53 114 714 14 14 H 3 1 V ' V 14 ' 14 3 214 1514 17 - 74 -i U- 014 34 V -34-4414 31 37J4 7 53-? 18 p 28 21 10 -25 -1 014 28 5114 III r -1514-25 r 11 14-; 00J4 45 i 4714 r 2214- 23 14 ' 1 1 14 V 114 Vt " Vt V iV 214 "v 1 V Vi V 1 14 X 1 14 114 IV V Coal Stocks in Better Demand. Oils in Supply Donvor and Rio Grande at Now Low Xew York) Aug. 21). The market on the New York Curb Exchange todny showed n generally strong tone early, but, although many Issues were in fnlrly good demand, price movements were nnrrow nnd the ndvnnces which occurred In a number of Ismies were limited to a narrow range. The heaviest dealings, and most In terest, were attached to the transactions In Commonwealth Finance, the common stock moving up from 2 to 01 and maintaining most of the gain. The market for these Issues contrasts shnrply with flint prevailing early in the year when the common stock sold as low ns 10. The preferred was traded in today nt 80', rf slight reaction from Satur day's closing price, which was the high price of the year. Fnrrcll t'onl was in better demand, making n gain of 1 point to 1). nnd there wns active trading in Olen Alden Coal at :mi to .T2-74. Southern Coal nnd Iron was in steady demand nt 1 to - nnd Hrltlsh-Atnericnn Tobacco. Hell ing ex dividend, was ll'J. Sweets Company of America was firm and United Retail Candy wns steady. Denver nnd Hlo Grande common sold nt ,"flo to 3,h' n shnre nnd the preferred nt 70c, n new low record for both ISMICN. Some of the oil stocks were in Inrge supply. Arkansas Natural (!as ranging fn.ni 8 to 71, nnd Imperial Oil de clining to 0. Producers nnd Hetlners, under the influence of the nppllcntlon n3i. 1 ,""- mi: luiiuciicc 01 111c implication 1416 ' A for llstinB the stock mi the New York 31 1 V ,'',0('k Kxt,1nnge, advanced ;s to 4Vi. 014 1 V1 ''IC ond market the feature was inc neiiaiiess in ine intcruorougii is, due September 1, this issue losing about 7 points on the announcement of an ap plication for n receivership for the coin-pnny. IM)l STRIAI.H ISH r X 3.1 - 14 77U 14 10 70 108 08 27 OO'i i ve 314- V 3 0J4 r 14 34 (4 23 1 , 17-r J4 12- no 8514 -i 114 014 - 14 31 1014 i 120. IV 05 i 50-1 3J14- 14 10414 r 714 1 50 14 27 1814 4014 r 14 4814 1 7814 i- 254 13 Vt- 14 44 IJ4 27 07141 0 714- 14 20J4- 14 21 14 14 8314 4314 7 14 - 14 514- 14 8 - "4 Acme Coal Acme I'arkliln . Hrlt AmiT TobHC roun Columbia Kmerald . . fnm Klnnnce Com Flnanco pref II K U I) II O prcf Kmplro Pood rarrell Coal Olcn Alden Coal iieyaen cnem I.lbb -McNeill Mb .Mar Coal I'.irsom Auto Perfection Tire . . . Kadln Com . . Iladlo Com r.'cf . . South Coal and Iron. Hwpeta Co Toll Prod V.xp V H Bhlp Corp IT H Steam . . . Untied l'rolll Hhariiu Cnlte.i Het Candy Wsyne Coal . . . . tlKh Uw 1)11 SH 7S 77 IIS 1IH 11 1 112 11 112't t0'4 wild 50 !! 711 11) 211 -ui; tl R 331. 3.jJ ' 'S S M'i 11 II ir. n !.", SJ 1 t'i i' -'. ' 1 :.1() r m. no 711 114 IIJ 13 KOW :ir, 711 .'ou 11 3i' nhW 1; 8'.' 1 14 4'. Ill -Ml IS Ml 1 IS 4S 18 1 STANDAHI) OILS XnRln-Amer Oil . . 1ft 1ft Orescent Pipe Line . . . art L'll btand Oil cf Ind . "S 07S INDKPEMIENT OILS 4'4 10 27 lA 1 1.1 211 II7H o FTEN a man wishes to set aside a certain fund, whether large or small, lest his family suffer should mis fortune overtake his business.) He can do this by an agreement appointing a trust company as trustee for the fund and in structing it how to pay out the income and finally distribute the fund. He may retain the right to decide on-investments during his life. ' , Fidelity Trust Company 325 Chestnut Street 1431 Chestnut Street Capital $5,200,000 6324 Woodland Avenue, West -Philadelphia Surplus $16,000,000 Funds held in Trust mare than. $250,000,000 Arkansas Nat Oa s 7 7 Carlb 8nd 1 311 S all Cities SerMcn (old) 11H Hit fin rjnjlnter Petrol 41. 11, II Federal Oil IS IS IS Imperial In ( 0. Int Petrol V S I.jons ret 0" 8 SK Merrltt oil 7S 7S 74 Mexico Oil 02, 01 02, Onrar Oil 1-V U 1A 1'ennnU Oil 3, 3 :iS PrtKlucer & ItefliHrs IS 4 IS Skelly Oil . . S 3S 3 Texnn M .'. t all Wilcox Oil IS 14 1 I Y Oil 29 20 20 We Own and Offer 8r; Notes of a a.a'Uknj' a (.orp.ira lir.n u(a in .111.- in lvo j ear" Aa?.s.-s nearly ten times the total dabt Net farTiingH fjurteen tlm.3 Iri-tera-st ehartfei Notet, art .onertitle n.to comn- m biicj at 33 1-3 now parmne $7 r... and pil ing in div ' lends !1 ' i VVioiner Bloc, Philadelphia Aftaim PhJadetpSIa axJ Mw YarkSbcJi iroiar NIW YOK UIIAUTH MJ. Trnding in rh local market wns extremely dull ami unproductive o nny consiuent climige in prices. During th greanr part of the session the mar ket was virtually at a standstill. This wns nartlv the outrome of the ragged , condition of thi Inrcr market and p.irtU t" tlw fcncnil vr to await ! dielnpiiient- The latter condition ap- I plied to n treat intent concerning the ilmal utillt iiriihl'-in" which htill remnin without so'iiiimi The rank nnd tile. hiiwir. b.m- puicrally reconciled thi'insi'hi". t.i the belief II tt 1 will be I doti" until the political fences are fixed I up In inn-t of tin1 lucil shares the trans I iicii'ini were in mall odd lots and only j tun or three nt the more prominent issues uorki'd up a total in excess of 100 shares. Pennsylvania continued onr nt tin- nrmer spois Dencuinng oy tln further satisfactory enruins ro ports. Onlj n few Minrcs of Klectrlc Storage liattery i hanged hands nt 103. U. (i. I. on a few odd-lot offerings yie'did to ao'i. I.nke Superior Cor poration dribbled out nt .riTs. Phila delphia Kleitric pfd. shndert bUghtly. Commodity Markets M fi , . i ffl- il! Philadelphia Stocks 71 f JniiU'.iild I.o. T'.T l." i:ie, st r m:i KitfJcn Klcc 111'. 7 I To X A 25 I'm f.ake Sup "iTs HI l'a U It .TT'is U.'I I 'hi la Ins Wire .-oi; 'J' PhilaKlei' i 1:70 do pref 'J'i llHi.LI'resK Stl far Til'v liVlT.ino I?r 1 ."ill Tf.no Mm 1 A ir. r ; I :hjU :.o w.st .in- cc s :u ." York Hj I ref . . i ri;. n .u 1 r-, 1 ir. t-ovr P M. "I'l .'Hf Hi:: 10:? . . llxy llSVi 1 r.i; . . 37 '!, N..t 2- :!7ns TiO'!, UlrN 'JOS .'I 1- 1A :iov, n.i r.fi'-i JO' I Is.. js.-, 1- bv ItV r A 301',-- 31 . 'J'sl. romPHrlfon Mth last KxehHnK GRAIN MARKET Chicago, Aug. 'J!t -Wheat started with September unchanged : L'ecembcr unchanged to l5c higher, and May "'.c higher. There was sellin; of tho near by dcliverifs by rneh and receiving houses, while a htrong commission house bruigl" Mny. Trsde was moderate. Receipts Inspected Saturdny wen- ION tars; last year I OS rars. The cash market was relntiely stead, with n good Icninnd for xpoi-t ehipnn lit ah surbinc oftrrin.'s-. Country offerings to nrrir were li.s UberuJ. The railroad situation offers a prob lem just now that is likely to cause un-(u-.ineM in the irrain trndc. Some op erators advance the theory thnt .i rail strike. September 1 will be bullish be cnuse it will interfere with rueipts, while having no effect on outside move ment of supplies via the Lakes Corn started unchnnscd to l8c lower, with a small mixed trade. Commission house- were on both sides in a bmnll uny, while locals held off, awaiting de velnpmenti. (law stalled unchnngid to sc higher, with offerings light and buying In u small way by (onimlslon hout". COTTON MARKET New York. Aug JO. -Tin' viup of spiM-iilative hiiylng wns again In evi dence nt the opening of the cotton mar ket this moining. disregarding the poor enhlcs, the showers in Texas on Satur dnv nnd the selling by Wall Street and Liverpool longs. Kirst prices were U points lower to 3 points higher and later the mm kit sold about 'Jl Iolnts i,u... tliun iiturilnv. I Now Orleans and commission houses ' generalh fuinl-hed the huing ordej-N, j which were stimulated bj bullisli pri vate condition reports. Trade on- tinned m-iv ndlve after the upenillK, I with out-ide demand iihorhtng all the i profit -taking ,.- of pn.fessionaN. The Mempliis C.uiiincn ml Appeal made mm i mii .1.1..1 nnu I'Miiiiiiu-u ii- FOREIGN EXCHANGE New York, Aug. 'JO. There was n firm tone to the foreign exchnnge mar ket nt the opening today, sterling, to gcther with Continental rates, showing fractional advances over Saturday's close. The Scandinavians also were firm. The quotations were : Sterling cables H.lKHn. demand 3.00; franc rabies 7.7I)j, checks 7.7-11... ; Belgian cables i ..i'J. checks i ..! ; Swiss rnlsnn canics Ii un. ciiccks iniu; lire ramus urnrts July 4. JO. checks 4.JS.I.J. peseta entiles 13.03, checks 13.01 : guilder cables 81.30, checks 31,'J.i: Stockholm cahles J1.0.". checks 'J1.0O; Christianla ca bles 13.00, checks 13.55: Copenhagen cables 17.15, checks 17.10; marks l.HVi. Tiie rate of premium in Montreal to dny on New York funds was 10Ts per cent. The rnto of discount in New Y'ork on Canadian funds was 0 13-10 per cent. Central European exchanges were: Greek, 5.5S; Kumnnlan. 1.18; Bulgar ian, .85; Austrian, .ll-V Polish, .04Vi ; Czccho-Slovnkinn, 1.1S1-..; Jugo-Slnv-inn, ,55'lj. SATUnDAY'S KINAl. QfOTATI()N8 Fterllnrf I'r.,n. s I.ir Oulldcra Df-mand . . .1 (IH4 7 7f. 4,'JflS 31.14 Financial Briefs The a eras) prlco of th twenty active Industrial mock advanced 0.0: per cent on Saturday at fl.VSH. while the, twenty rall nada dicllncd 0.0 per cent to 71.10. Kor the r tronths ended June 30. Ky tone Tire and Hubber Co. rcpntts net loss from opjrnilonj, Including n-Ulns. admlnlx tratlon nnd operalltis extiensea of J74.uin. Afler charKliiK nut Inlcrost, lnsiies. taxn. etc.. of jai'.Tin. deHdt amounted lo $27ti, 7211 Profit and loa deficit on Juno 30 I.Tjt Man J.1H1.lili), Toncka and P.-ita ! Pvtm ocerntlnir revenues nf lin.l.M.. decrease iif 1 77n.,VJ2 fiom a lear Cal.les . 3 OH 7.7'iS I HI 310 TODAY'S OPn.VINl) iiroTATIONS Starling Kr.nes I.lro (lulldera n.mon.l . . afl'.l 7 74' i 4 2KW 31 Cables . 8 flH4 7 75S 4 2D 31 10 i 4H3 i ago. Ope rut In expenses were I2 110.207, I otcrcese ot JH.Sill iipn Net oi)raIlnir In 1 eeinn amiunleil to Jtl 028.120. an Increaiic of 4.0lS.l 74. I'ond tradlnc eornlnued dull lant week. This dullnesa Is lamely jeasonal and due In ii larao measure o aonencft rrum tne sirret mi vacation! of mam leadlnu llranclal flsures Prices were sllihtly lower, due to declines In railroad lus. Other groups, however, relatered sains. Blair ft Co., Inc arnounce that Charles A. Taitgert la associated with them In their sales department. The aubatnntlal r-ductlon in Federal Re servo Hank rediscounts and the cheapness of call money, ft per cent oftlclnlly on the New York stock Exchanso and 4i pr cent In many cases In the outside market, are clen as Indications of the coming upward awlnv In bona prices. Ubertv lojns were the most nctle Hnd closed sllshtlv lower on the week. MIXING Alnska Dr Columbia .... lloslon & Montana 0" Caledonia Mlnlhs ; Candelarla Mining - Cresson Oold 1- nivlde Ext ?' El 8alador 1 Eureka Croesus Ooliineld Klorence llnld Zone llarmlll Divide Jerome Verdo Kerr I.nke Knnx I)llde National Tin Nevada Ophlr Nlplssing Ih Hercules ... . Tunic atMid . United Eastern . Aluminum as Anaconda 7s lt2H Armour 7s I fins lr.a Ss Cons Tt!le 7s . Copper Export 8s ln.il Copper Exrort Ss l25 Orand Trunk OWs. . ouir uu is. Humble Oil 7s Intorboro 7s l,lbby-McNeil 7s .... I-la-eet Mcr 0 .. Morris 7Vs N V Nil & K Sears-Roebuck 7s 1023. Stand Oil NVli 1020. Htand O.l N Y 7j 1080. Stand Oil N Y i;',4 a Hun Oil 7s Bwlft Co 7a 1025 Unite! Druir a t nion Oil l'rnd 8s ... Mnchester 7'-4a Kusslan OWs itfs .... Swiss a Vis I' LJg-.- J THE DIRECTORS OF THIS BANK ARE GEORGE BURNHAM. Ir. WILLIAM WOOD CHARLES WHEELER CHARLES E. 1NOERSOLL A.A.JACKSON SAMUEL M. CURWEN CLARENCE M. BROWN STEVENS HECKSCHER AVERY D. ANDREWS I. BARTON TOWNSEND C. FRED'K C. STOUT BENJAMIN RUSH WILLIAM POST CLEMENT B. NEWBOLD CHARLES E. MATHER HARRY F. BAKER LIVESTOCK QUOTATIONS Elsher Ilndv Corporation reporta for three moi1hs endlnir Julv Ml rnn,nlM.t,i .n.nin. I after aharges and Federal taxes J212.2JJ, , .-iui imcr auiuMing lor pieisrreu dlvldliurt i .-j c-.w" .-. nniw un ouistanning nno iiijii shares of common, no par. .igalnst 12,221,- rM or t 29 for the same period of 1920. I'lllUVlir.I.I'IIIA ItllNTls ' the I crop at i Boles &Westwood Member's Phila. iochExchande INVESTMENT SECURITIES laniTftle Bldfc, Philadelphia. PHONE LOCUST 4721 .".nO Liberty 300 f.ibeuv 500 Liberty lOliil Lihartv lOflO Liberty JOfHI Victory L'IKI r.lectric "nil I'l-nnuj hnnia O's, 2oii0 Heading gen 4" .'ill Ml 'it V Y .1 I'll gen 3d -J',1 -J1.... Ith 11, '3s... 1th -1'iK '.'i... 4th 4V,.r '3 .. 1th 4I '3S... 4'V4.s "J.'! & People's 4s TO I r4 OrtoSer S7..0 January SH.fis, Mreh .1 iv , . Julv -IJI'I SS.04 !).7ft 501 TOO .sfll.OUO bales Sat elu ir. 3 1 ', lis in no Vi 10 1H 20 in 22 ,,.ats 1 11 is I" lis ii on in 31 150- in 34 ir. 12 in .Ti in '.-. J, 21 .lot 4. r.:t ' - EArsetBros. &. Co I nve siment Securities 1421 Chestnut St. Philadelphia Bonds for Investment Circular I pirn lleqtirst The National City Company , t'orrrpoii(l-iil Olficm In Over 50 Cities ' I'hlladelplila 111 Clirntliul Ht. iMinniie lllv l!7n iie-rnivsm BLAST RAISES IRE OF TOWN Rhode Island Officials Vote to Stop Manufacture cf Detonators I'rnvidiiue. It. L. Auk 2!'.- Follow, ini: an explosion uhich r suited in the deiiih nf tn iiersonn, the iniurj of M-iaii". of (iibers and tin. destriictlnn ..' the i.limt nf tin. I'mt.-ii It'ilt'viv viciiiil f'l.uiiinny. nf Knst Providenre, 'e Town Council nf that tnll .at a siiei-lnl meeliiiK Inst niaht ninl to stun the ronn'iii from raiiidui-'itiir further bunirlei-H there. The liriu had been iniinufacturiiiK. deiountori for rail roads Not ulilv were tin. blllldinKH nciilpli'd bv tin' linn wrecked when a inmder hoiiM' bbnv up, but two other fm lorleh ne.irb.v wiffi red ei nulls 'ukm-s, and every window within n radiiih of a quarter of a ii'ilc wus broken The explosion rucked this city, and it wnb heard all over Itlioile lxlanil. Maurits: A. C. Carlmn, an Knot Prul'Iein'i' caniKe mini, was iiixtiuitly 1 kllliil, and Harry Htark. alio of I-hiht Providence, died nt u hoeiutal inst umm of lc.1i:rlen. The pxpIobIou threw blra under n JuUlng wail. NEW YORK COFFEE MARKET New York. Auc -'! -'I'll" ','1"r,, futuies in.irkit opemd unlet this ninra inc with operators disposed to feel out the market after recent active M-pH'in. her liquidation. The .-ables were fall. nnd mm have lul to Millie of the enrly ca.tereil trade and W..1I Street de ,nnn.l First l-ni.-H, ; '"'.. '".V' lower to nve points mum-i. " I' " beitiK the weak ispot. It In pointed out that aflouts of lira 7U coffee to the 1'nlted Slates are lit 'he lowest point In yearn nnd lepn sent ibnut one week's cotisumptinn for thlH COUlltrv. Wlllcll lllilicuies u aium iu uvailable Mipplies here without repine lii deliveries b fresh puichuse in Hie piimary markets. This biillifch -ituatlnn linds the local market luckinK in lm in power and lemlerhhlp to takt full ad vautnsi' "f condilloiiH now exihtir.R. At midday belated shorts in Sep teni1 er covered ind advanced pricesS to 1- pointc Sepii'iober selling lo 11.55 and December to (1.0S. i"rv. , aui-o . i i ill.l i)4 I fin 17 iihh 7.2(1 . 7.11) September liaaaemoer Mar larch My ,i Mim 0.70IJJ. 7 UI) 7 2H 7.I787 SO BAR SILVER riar silver wa Wil hUhsr In day at SSUd. London to- f lilruco. Aue 2U. CATTI.n Hecelpts. M. Oi'O head JJetler grades 1 f-f stMtrs and ho nock mostly 2.1c higher. p.is up more Top ,ef ste.rr. 110. B0: bulk l.cf st..ers 10 "Ml d.71 bulk bologna hu'ls. ti 7.11 1.25, beef bulls larirely H.7nUn.7.1 ei rnlva-s. stock era Htid feeders atronaT. bulk ealers around IIOOS--iterdpts. ,12 Ono hi.il Actho, 10c taa 2"c hlKher. bulk of sal. i J" fl.18 10 Top. 1 in heawwelithtJ ID ,10tlfi.7(i medium elKhts. JO .VJfllO 10,,llli'-lirhis Jll il.lw 10 in, llcht lights. IDtiS'ie, h. packliif (..we. rmunth. $7,101, s '.', tiarkliiK sov-d rouh 7 10117 HO pigs. l''ii 21 SHUKl' Ilecetpte -10 Ono head. Name Inmbs openaal fide loa r r.r. ,rly. IS .10. nils laiculy SID06". f" sheep weak to liiA.r. , ritlAhiirxb. AuiT 2d CATTI.K Kerelpts. 2100 head Lower Stc. rK. IS H01U. heif ers. $0S7 (10. rows. MSfft 50 i ahes, ru iclpls. leno head IIlKh.r Top. 112 SO IIOOH IteeelPtH. 0700 head. Mlaher Ileuvles H noil 0.7a: heaw orks. iitiiw jlOh.1. Iliht yorktrs. 110 l.KMO.An, pigs IP BO GO 73. SHIEI- AND LAMIW llecelpts flOUO head. Lower Ton shp. 1.1 10. mp lamls. 19.50 East IltilTalo, Aug. 2t CATTLE He. eelpts. IS73 head Hbm steadi to J.lc lower HhlPPlnu uteers IS 10 2.1 buiclierB. Wi 50. jearllnss.Jli'u Ki.M , heifers. r,1I 8 tow"s. Il ,ini?ffi hulls $1 .'.Iflifl, stockcrs and feeders l.ltrB: fresh cows nnd springers. IIBQIHB Calves reeelptij 1700 head, t "Of cents higher. IBB 18 .in HoOb HecclPts. 12.p'i head I'igs. .'..e higher, others 1SQ2.V lower. lieai. $10 23 fl in .111 mixed. JKI Ki"a 10 7B. yorka,rs Jl'' VHfUOHB. Ilht i-irk-rj- lin2.1OI0r.li. nla. IIO.M roughs. JH7lli7 stacs Wn HIIEEH AND LAMIIS Itecelpls. lo nno hesd Lambs. "Be lower llwes. 2.1.' lower n"'V- l'iiiYn l.nrllriirs. is:.n7. wethers. (1.130 mi., llSf, ir xed sheep. 1150 ft!' MONEY-LENDING RATES NKW YOIlK Money on tall, bpth elastes of"collaleral, opened today at .1 per tent for lendlns and renewlng MIH-ADBUMIIA Call n per cent, time, 0 por cent, commercial psper, threo lo six months, a per cent Nate These uro merely nominal rjuota tlon. the legal rate of Interest In tho HUta of Pennsylvania tlng f.xd at d per cent Plus premium and commission time money lor thirty to nlnolv dass la loaned at il to II '4 per cent while enmmerclal paper, from iniriy 10 iiaiaa . . .-,. ... .. percent. DIVIDENDS DECLARED Calumet and ArUona MlnlnK f'nmpinv .10 cents payable September 20 lo stock of rec ord September 0 Celluloid Company, quartern 2 per cent on common and preferred Th" common Is pay nhin Hentember 30 to sine I, of record H. p. tember IB preferred November 13 to stuck of recod OctSber 31 ,,..-. William Karrell & Bon, quarterly 11 7B oij prefened, payable October 1 to stock of record Heptember 20, .,Na'J5n?L.t,U,Jt. nt'.,.''" oulstsndlng August -J-n. ?,Ii1I?S,'1!.1 I'edcral neserva notes M21. 2.18. 400. Pair the. week ended August 2d natlurml bank notes decreased t.ln.l.Hi, Federal Ileterve notes derreased 13.323,000. Liverpool Cotton I.ttrrnool, Aug. 2! There was a. good In qulr for snot cotton today with prices Arm oi, the basil of an mhance of 33 points for middling; r.t n lild The pales' were 10 000 bales The receipts were fiOOO bales. In cluding B.KI0 bales Amerlrnn !utur(H vere Irregular In the ear dealings, hpot prices ver American! middling fair. 12 Ud good middling 10 72d. fulu mlddllnr. 10 S4d mldd.mg, H.IUd. low middling n 14d. good ordinary H Hd and nrdin.irv 7 .ldd. WILMINGTON CALLS COUNCIL Will Consider Fire Department Problem Following Wolcott Writ Wilmington, Del., Aug. JI. -- City Council will hold un cmei'Kt'iiey f-esston tonight to consider the situation created b Chancellor Wolcott iiruntinic a pre liminary liijunctlnn iiKniiiHt the cMnb lisliment of u paid tire department by the city. The twelve voluntarj companies pus" out of eilsteiice Wednesilnj, 'j',c fit y liad nearly completed the organization of a new department when the Injiinc 'tion wus iihkeil for b. the Delaware Fire Company and citizeiiH on the (.round the eitv wiih ni'iiiiK illexnlly in creatine a pnld departinent. Chiini'i'llor Wolcott. in his decision, upset the sale of S(i!i7.0IK) In bonds voted by Council for the new dennrt inent. lie aleo held the Depni'tmeiit of Public Safety erred in not inviting pub lic bids for equipment nnd enjoin the pa incut of $15,000 to the Volunteer Firemen's Itelief Association ns a "eratult nnd not wuiinnled by law, Two Accused of Newspaper Thefts Following coinphiiniH from lesiileutu on Spruce, Pine and I)e Lniieej streets, that newspapers, esperuilh .Sunday papei, have been stolen from their doorsteps, l.iculcmitil IVnn set n trap, which resulted in arrests .nesterday. .Samuel Webster, of Panninn street, ntiil Charles Hurges.s, of Itodmnu street, were arrested on charges of stealing naiiers, They will b given n hearing before Magistrate O'Brien this morn ing. 20 211 07 117 H S 25 25 12 12 an an 11 u llj Om .1. 37 .15 Jt7 10 10 111 m in it is is i a' a a 11 10 It .in bc .in 33 30 33 - IS IS IS I 1 IB 1.1 15 2S as -" 2U 2'i 2U don os I'." H7 :ii' . !HW 113 h MW ( 11 S IINW IINW mos inns urns 102 102 102 lfl(lT4 ldO'4 10nT .101'i 1014 101H . I)S OR OS , 0 OS fls . 07 't 07 H H7H .74 09 7014 05 0B 03 .HIOH 100H 100V4 , . 00H 90S ims .53 52 52 , . 07H II7H 07H .10314 103)1 103 , .103 103U 1034 ..100'. 100' luO! , . 02 02 '4 2'i , . 07 s 07H m'i ,.100 100 100 , .ioo; no 00 ..02 02 02 . in 18 in . . bi BR' tS'i Hid Ask I .01 on os 14 .10 07 .11 14 .in . . .os no 01 .07 SJ -.?J Auguti ::::: 2 02 .01 STOCKS 01 .02 I 2 03 I 01 .1)2 I 2 .03 .not; iMaaaMMMaa II .OS , , 3D .32 04 .115 01 .0.1 I 02 .1)3 i 11 13 I 02 .1.1 iij ,n:i 11 .13 ...,. .112 .03 01 ,02 02 .03 HI 02 IS 24 07 .110 O.' .03 Ill .1)2 02 .03 11 .13 nnu. .03 01 .01 "' a .35 37 .05 .1)11 .0,1 115 .01 , .0214 .02 .03 03 .01 02 0 3 .O'l .O0S i in .00 .11 02 .03 B 1 30 fl .13 I -. -- i .10 ,JII El .02 .03 I 31 .33 fl .01 on; I 4 01) Vi I BS 5I I .01 .112 5 .17 .23 .02 .03 .07 00 05 (III 111 .03 Central National Bank of Philadelphia Chestnut Street at Fifth Capital $1,000,000 Surplus and Undivided Profits Earned $4,400,000 We desire to announce that Mr. DONALD F. LIPPINCOTT has become associated with us in our STOCK DEPARTMENT LOCAL MINING STOCKS TONOPAH STOCKS rash Doy .1 m riutlrr MacNamara I'esrent .. Midway ...tMJdai l-xtensiain . . Montana North StaY !tHcu Kola . . . . Tonopih Hxtrnslon .. West Kn(l West Tonopoh UIV1DE Allied Dlvlds Alto Plvlde llolrber Ilelchr Kxt Hen Hur Hruueli invine Divide Ext Divide Cun Dividend Knst Divide . Hn.'inlll Ilasbrnui'k Dlvlda High Divide ... . Knox Itevert DUIde Ileno Divide Hoseta hliver itini: Motherland Tonopah Dlvlda , . . Tnnopah Hasbrouck v ctori 11 vuje Verde Divide . . . Zone OOLDFIKliD KTOCKS Donth 03 Comb Prnttlon . . rraekrrJaek . . . . Dlainondfteld lllue Hull Klnionee (loldlleld Con Oold Development ... tlolutteld Deep (Jreat ItViM Juml.o ):xt Kewansa in Hiar uro Red Hills Silver Plelc spearhead . .MISCEUaA'NEOUS Ampjro . 1.1? Arliuna United ' ' raledonla. Eden Kmmii Silver Kureka Creesus Eureka Holly . Heelu Mother 1'de . . Nevada Hills . Nevada Wonder giicveils ..-, Ta onpa Mining While Caps Wllurt Trading Quiet on Parla Bourse 1'nrls. Auc. 20. Tradlnn was auTet rn tin Ilo""e lodav Three p-r eenl rentes, f,i) trsnes 75 lentlines: exehanva on l.ondnn, 47 trancs 57 centimes, 5 ier aent loan. HI franrs 45 centimes. The dollar was ousted h! 12 Iruncs H7 renllmes , BANK CLEARINGS Mank clearlnis today, compared with cor. rcpondtn. dj8Jt two fijr.1 rhlln.., t51.000.000 (89,888,803 Holiday ELKINS, MORRIS & CO. Members New York and Philadelphia Stock Exchanges Land Title Bldg., Phila., Pa. 20, 1021. COUNTY MUNICIPAL ISSUES LEGAL FOR NEW YORK AND PENNSYLVANIA SAVINGS FUNDS-EXEMPT FROM FEDERAL TAXATION Prlcistontt $500,000 Erie County, Pa. Tax Free Road 54s. Denom., 51000. Assessed Values, sM,260,7M. Net Debt, $1,170,014. Population, 163.W0. Dated August 1, 1921. Maturing 1937 to 1043. 5.2(Ko 500,000 Mercer County, Pa. Tax Freo Road 5s. Donom., $1000. Assessed Values, $45,002,023. Net Debt, $1,730,000. Population, 83,783. Dated August 1, 1021. Maturing 1935 to 1048. 94,000 Burlington County, N. J. Tax Free Road 6s. Denom., $1000. Assessed Values, W,2': Net Debt, $003,027. Population Dated April 1, 19Z1 81.770. Maturing 1927 and 1028. 5.25 5. M. M. FREEMAN & CO. 421 Chestnut St. ivirhon umbo.rd O71O.O7U-0713 Phlladelpril llrneral Asphalt Ca, l'ulillr Service Corp. Indium, Hervlre Corp. Itef Ohio Triictliin Cotnpivny evv llrleans Uw. A l.t. .H's 1080 7's 10JJ ' 10BO 5'h 10511 'h losa O's 1081 Cltltens (ins i. Klrr SAMUEL K. PHILLIPS & CO. Members Philadelphia Stork Kvrliunio 507 CHKSTM'T HT.. I'llll.A. AUTOMOBILE INSURANCE I.THERVV MUTIIAT. TNHTIRANOK CO. ' Phone I Locust 6078. 20-22 Oo. 18th St. "LTKPAfTONXCOr 31) A CHKNTNIT' tno. BANKERS Muecessnrs lo i NAII.KK 4 STKVI5iSO?i ui llond Tvnlava nnrl InVestOFS' II Is our business lo Uer oar ',J,n,'B,,V Si..'. i.ht .i.i. of (lis market, '" csted vrrlt. or rnll. ..., F. W. UWliliK iBTeiww lOjS, 15b St. I yftvi" ' a ' I V.fjt "i' "Sj. tii L'Xw .vj'tx -.. ., I e. e' vjtij. .' hui&&. T ," J , '" ". .
Significant historical Pennsylvania newspapers