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EVENING PUBLIC LEDGER PHILADELPHIA 'MONDAY, x AUGUST 29, ,1921
;i6
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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
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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
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310
1800
100
100
200
14000
100
101
1201
500
100
201
101
200
100
100
inn'
101
too
1500
501
200
1800
too
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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
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18
3614
'114
22
51
31 W
3
9
51
7014
81
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14
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72
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8414
31
4214
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114
5314
18
20
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9
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81
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2714
23
7814
28
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4014
22
23
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31
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1714
32 Vt
7014
111
70
100
07
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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
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1:30 Net
r. .r. rhs.
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1914
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18 -3014
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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 ,
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120. IV
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714 1
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7814 i- 254
13 Vt- 14
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21 14 14
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4314
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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
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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
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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
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