$Wrw.WF .w'-fwnt, wm i'--wmVTTzr&.rv'vs ''r. n K7.n Wrf"vHi. BT .TfHl ' "" '., -KacMaiiKiBnT i.T - it'i ,1 .3tj rwiFiia 'HmgJATOfcY K73flte2' EVENING PUBLIO LEDGER-P I - ! !T A.-r ltfc? Ii' '.n K. 85. ffffl F ft 1 it fji a m KJ-1 B. Ma ft I u it !!! ! fl! Hi 1 !5 I Ifftfl P 1 i ht l) t' I'" h. iWtf "wy l Investment Strength Investment strength and a wide opportunity for selection characterize our July Securities Circular. The offerings listed will meet each individual investment requirement, A copy of this July LUt ' will be sent upon request. The National CityCempany Philadelphia 1417 Chestnut St. Atlantic City-ChullenU Bleck 1225 Boardwalk EXCHANGE SLUMP DAMPER N MARKET I Extraordinary Weakness of i Continental Exchanges Checked Early Spurt Service and Stability The Industrial Development of our neighborhood has become an assured fact. The clese proximity te the center of the City the supply of labor the nearness te the Delaware River Bridge terminus and the opening of Spring Garden Street te the River, are all fea tures that recommend this vicinity as an indus trial center. We have nothing te sell but SERVICE; hut we will be glad te assist you in locating near us by finding a site, appraising values, or insuring your title when purchasing. Integrity Trust Company Fourth and Green Streets Capital $500,000 3 surplus ana front. . . .ii,ueu,vuu Nrw Yerlc. July 7. Further extra ordinary weakness In Berne of the Con Cen tlnriitnl oxelinnptcs supplnnted the prominence plvcn the rnllrend labor fltuntlnn in tli6 preceding sessions. It pcer.ietl rntlier unfortunate when the domestic preblcmi were holding out pwmlee of a pntlofnrtery pcttlcment trouble elemls should Rather again en the Kurepean horizon, threatening Bome new crisis. Ne pntlsfnrtery explana tion will forthcoming for the demoral izing condition of the exrhnnge mnr Ki'f. but it was obvious cvin te the un experienced layman something out of the ordinary was gnthcrlng when the !erman mnrk tumbled te .018 of a cent, and with the French exchange hovering near the low of the year. Frem a stock market standpoint hte effect was rather difficult of Interpre tatien, although as the session progreed there wax noticed an In creasing degree of caution manifested by the trading element. That Is te say. In the parlnncf of the street, a predisposition te shorten or reef falls nnd en all ventures keep cloe te bhore In order te make a quick get-In In case of a sudden squall. During the first part of the session thcre was a comprehensive broadening of dealings and Increasing activity re flecting the decidedly better feeling na te the railroad situation and continued covering of the short interest. Tin tireiintinrpil weakness of tlin PTclmnccs. however, een ererted a dampening ef fect net only putting a brake en spec I ulatlve netlvlty but also Influencing I quite a geed deal of profit-taking nineiig the buyers earlier in the week. In con cen Mvpience, after surrendering the greater part of tli Improvement scored in the carlv dealincs the movement of the main body of tock became dull and nlmlcte. I In the meantime all advices concern i Ing the railroad -Ituntieti wcre mere re i nsMirlng with all Indications of a com I plete collnpse of the "strike of the shop I men. The backbone of this walkout evi dently was broken by the unexpected eleventh-hour decision of the mnlnten ! since of way men net te strike at this I time. There vn also a confident belief entertained In better Informed circles of u kcttlcmciit of being reached In the coal strike next week. In truth, In certain quarters peItlve statements I wcre made of a resumption of mining j operations within the next ten days or sooner. Ne spclat change was noted In i the money market, f'al, money opened and renewed Inte net week at -l1 , ttr cent. Commodity Markets Bends Investors should ask for our July Bend Circular. It lists many attractive issues of Government, Munici pal, Public Utility and Railroad bends which we arc recom mending at this time. Ask for Circular F-lll Harris. Ferbes & Ce Pine St., Cor. William NEW YORK PHILADELPHIA OFFICE Widencr Building Telephone Spruce 7040 I GRAIN MARKET Chicago, July 7. Wheat declined 1 'jc te l'C at the opening under re I neweil wiling and during the carlv I trading wai weak nnd feverish. The Liverpool cables were Id te lower j and crop and weather reports from the ! -prill? wheat States wcre high.lv fnver- .ible. Exporters reported very little In- terc-t nnd the whole trade was a geed deal concerned ever the disquieting tid ; vices from Germany, nlative te cee- nemlcs and linnncial conditions there, i flood rains in the corn belt cau-ed Ian opening decline of i te 'he. with I mere or Ics soiling en the le-s favor- able outlook for expert business. I Oats declined Vic te Osc largely in I sympathy with the ether markets. I Previsions were lower en the foreign I situation, derpite an advance of 10c in the price of live hogs. t ern Teat, clnne Open 1 P. M July i',.Vj (mi fi.iu s.,pti'tnlinr ... ' fir,' if r.U'i tilT Dei ctnl'r .... W 'i fj1 fiO CO'. Wlii at lily l.tl'i ill mt.i.Ti i.is'i .-Ttember ... 1.1 11? 11H.fil.lt 1.11 l"-embcr .... 1.17'i 1 10 J) 1.1D4 l.Jiji, Outa itnv niiv :c an itrmbT ... tlH :isi,0 zs' . . 1' ifinlvr .... -ll'a llr 41, Ilyo T'ny s:. .- riipmber S4a ... nibs J'i'v ll.-ir, .i. titi-mlwr . . .11 30 . . ... I-ard ii j ie nr s.i irnbT .. .11.30 11 .'7 ' I 'W 11.12 Decrease in New Bend Offerings As a direct result of long term financing through the issuance of mortgage bends corporations te a very large extent have liquidated their obligations te banks. Consequently some au thorities believe that new offerings will continue te be less frequent, and in vestors must give mere of their attention te seasoned issues which have been somewhat neglected by the public because of the publicity given te current offerings. Write ter our Recommendation Hemphill, Noyes C& Ce, Ntmben Nan Yerk Stock Eichant Franklin Bk. Bldg., Philadelphia Pituburgh Dotten Scrnntce COTTON MARKET New Yerk, July 7. Steadiness was .i feature In the cotton market this doming with general advances of 3 te 1- points lit the start. The weather was regarded as very favorable all ever the belt, leading te pressure from Liver pool nnd Southern wire houses. New OrleatiH, Wall Street, local concerns and the trade bought, influenced partly by strength In securities. , Later the list beenme firmer en cov ering, due te predictions for showers In tl.n Southwest, nnd prices advanced about '.'." points ever yesterday's close. I'n'V cIobe OpntnK 1 P. M. July . . 22 37 Spteiribrr ... 22 43 ... AtiKimt 22 in .... (PcIeIkt 22!'3Tf22 37 22 47 22 71 m-ii-i, r .. 1 n ri 12 22 2') 2J. 13 Jttnimry . 21 stJl &2 21 H4jJ21.ne 2J.12 M.irUl .. 21 71' 21 7.1 2 J II J JUy .... 21 I -i 21 liT2t.53 NEW YORK STOCK EXCHANGE TRANSACTIONS Onty Afttrnoen Repert in Philadelphia Quoting Full LUt Dlv. In I STOCK ntrt Adams Express.... 6314 4 Air Reduction S3 . . Atax Ilubber IB Alaska Geld Mines. 54 Allied Chem & Dye G9V4 7 Alllfd Ch A Dye pflOBJS A Alllt-ChUiinera .... 20 J4 7 AUIs-Chalmcrs pt. . S6 .. Am Aprle Chem... 3914 .. Am Afrrle Chem pf. 64 Yi Am Beet Sugar.... 47 . Am Ueseh Magneto 41 7 Am B Bit P pf ne107J4 . Am Can 48 M 7 Am Cen pf 105H 12 Am Car ft Fdy 165 .. Am Chlcle 1114 . . Am Drug Syn 5ft .. Am Hlde ft Leather 14H 7 Am Ice 105 H .. Am Intemat Cerp.. 43 J4 1 Am La I'ttine Enf . 13'4 Am Ltnsued 33 U . . Am Llnesed pf 55 0 Am Locomotive. ... 1 1314 . . Am Safety Raxer.. OH Am Ship ft Cem. . 1914 . Am Smelt 62 H 7 Am Smelt pf B8K 0 Amur Smelt See A.. 93 5 Am Steel Foundries 36 7 Am Steel l'dys pf.. 99H .. Am Hugar Hef 00 H 9 Am Tel ft Tel 120 12 Am Tobacco 142 J4 0 Am Tobacco pf ncv 102)4 12 Am Tobacco B....130& .. Am Waterworks .. 17 W .. Am Watrwks H Pf 42i 7 Am Watrwks 7 pf 00 7 Am Woolen 91 V .. Am Writ Paper pf. . 20 Vt .. Am Zlne Ld ft Smelt 17 . . Anaconda Copper . . 53 !4 6 Asse U Goods lit Pt 80 Yx 6 Atch Tep & San Ke102 6 Atch Tep & S V pf 09 Ta . . Atlan Ulr & Atlantle 3 7 Atlantle Coast Llnel09J4 .. Atlantle Fruit 2 .. All Ou!f ft W I S S 39 Hi . . Atl O ft W I S S Df 28 ' .. Atlap Tack Cerp... 17J4 .. Austin Nichols ... 29ft 7 Baldwin Locemotlvut15H .. Baltimore, ft Ohie... 51 Ji 4 Haiti ft Ohie pf 62' .. Barns tall Class A.. 3514 .. Batepllas Mining... 1 V C Bethlehem Steel... . 74 Jj E Beth Htcel B 77 7 Beth Steel 7 pf . . 97 8 Beth Steel 8 pf..114 .. Beeth Fisheries.... 7 '& .. Brit Em Steel 2d pf 30 8 Brooklyn Edlaen. ..107 . . Bkljti Bapld Transit 28 . . Bklyn B T ctfs of db 24 8 Bklyn Union Gas...110J4 .. Bid j n t'nlen Gas rts 2 3 Burns Bres 132 ',4 2 Burns Bres B.... 44 .. Butte & Sup Cep... 29 .. Cadde Cen OAR.. 12 .. California Pt-trel... r.5 .. Cal Zinc ft Lead.. 8 10 Canadian Pacific. ..142)4 .. Central Leather.... 30)4 . . Cerre-dc-Pasco ... 37 )i C Chandler Meters. . . 70 54 4 Chotiappake ft Ohie. 69 .. Chicago ft Alten.. 10J& .. ChlcaRO & Alten pf 19 ft .. Chi ft K III (pew).. 37 . . Chi ft E III (new) pf 56 ft .. Chicago ft Or West 9 .. Chi ft Gr West pf.. 22)4 .. Chi Mil ft St P.... 28 . . Chi Mil ft St I Pf . . 44 6 Chi & Northwestern 78 7 Chi ft NerthwcRt pf115 .. Chi It I ft I'ae.... 45 6 Chi H I ft Pac 0 Pf 01 7 Chi It I ft 1'ae 77c Pt 95 )i 6 Chi St T M ft O 67 .. Chile Copper 22 .. Chlne Copper 20 ft 5 Clev Cln C ft S L pt 92 )J . . Cluett-Pc.ibedy .... 57 4 Ceca Cela 73 .. Cole Fuel ft Iren.. 31 3 Cel ft Southern.... 40)4 6 Colerado ft Se 2d pf 55 6 Celum Oaa ft Elec. 08 .. Celum Clrapbop'.eno 4 .. Consel rts Ins 7 Consolidated Gas... 121 ft .. Consel Textiles.... 11 4 .. Continental Can.... 60 4 Cern rreductn Uef.104 New Yerlc Let Angel Albany Wilmington Syracuse Baltimore Uudgepert F.fc?ivSVJsl ,L4et4tit?i?3-;J''f NEW YORK COFFEE MARKET New Yeik, July 7. The local coffee futures iiif.rUet opened uncliaiitt'sl te an I inlvaiKc of .'! pi Ints this miming. The llia.llinn niarl.el'i nie sitll su-pendeii, ' owing te the lecent political disturb- j iineis theie, liut private . Jvlfcs ulat" ' tlint the wnlM of tile trouble Is nei.' Tinders here lire acting with caution i P' uiliiig further developments. An elliclnl cable was lecelved from l Kin reporting the term market there l.'ti te 'JL'." reW lower, and Ule ev chiinge en Londen te be 'd higher. There were believed te be Indications that further tales hmi In en made nf j Milorlntien coffee, us Itle "s weie1 efered en Trout street at 101'. cents. I I'lltuies weie neglected late In thij forenoon. Priwii iwi pr. Julv n mi? m S. titerTil or I 77 'T? Ts J)m i mbjr (i (17' in V.irc.11 li .'. i ft no J?.' a.sitisu ti:.7ff3s Oin n s.i ft a- ii ; n : WE OFFER Macen Terminal 1st 5s, 1965 Guaranteed by thrce raiireadi. Given highest rating. F. P. Ristine & Company j:.vr.ut.isiii:i ii)D- Widencr Building, Philadelphia New Yerk Jlllrnlietli, N. J Members New Yerk and Philadelphia Stock Exchanges .Miilurlty U-il.i Auc . r.'l . !' Si lit.. 11I2.I . t'"'. hi-ut 111-1-' . M'l (lit , 11IJ.I . t'H'n Inc . lli.'.l . t'l'j iJ'l. . lllj.t ., tl', March, Hi'jS t:is June, llijll . tf June, l'J.'l . t ' ' J Sh,,1 llll . tla March. UU.'i tMV, lin in;.". tM. M.irrh. llil'M l.xi'inut frMin Ii tAei etilatili, (or due en ilJtu nf lu.itur ty U.S. Certificates and Treasury Notes Int lUtn U'lln 1)1,1 AillM VM inn i -te loin, :i i,ii inri a-iii mm, ;i 117 ICiO 5-10 lOCi ht ,'l.u; 100 inn a.3.1 ;i u iipi 1 no i-:ij n l'.i ' 100 13-32 inn 17 :u a.tt' ! 100 13-3'J 1(10 1; VJ.I 11 Km 1-3J 1110 a.sa :i 111 K'3 I11.11, 4 .j; 1 iej'; 101 ! T ' Jul 1 -ii nil U-ll I ! 10(1 i(.(i; j ., mi 1". in in.-1 in 111 leril rurmni inremn tat iuiu''nt of Inceme tux 1003 303 10'J 1C0 1103 ?33 IPO DZO 200 1030 100 100 100 7700 930 403 1700 103 630 100 733 0403 2500 203 700 14130 103 1103 03J 803 5603 701 100 100 200 300 1700 403 23 U 100 5203 123 J 7 11") . . 7J1 .. 200 . . I JJ 430 S'i 100 J 400 .. 1 00 130 J 6 10;3 .. 100 .. 100 C ZjO . . en ., 40 1 9 ii .. 100 4 520 J ., RJJ .. 100 C 45; .. 3530 . . 1U00 .. 100 . 2503 2U im 49)4 Crucible. Steel 75 i Cuban Am Supar. . . 20 Cuba Cnne Sugar.. 10)4 Cuba Cnne f-'uear pf 35 54 DalHen Chemical.. 46 Z'a Delieers C Mln Ltd. 21 ft DMaware ft Hudsen 125 Del Lack ft West.. 130 I)em, Mines 3J Pti Punt in 1) ' i -'1 13U font Bwr ilrb pf E-i !i L-i.stimn Kodak new 73 Lice Slerape Hat.. 44H Llk Hern Ceal 21 Y2 r I'nillcntt-Jolinsen .. 79)2 7 Lnd'cott-Jehnkon pflll . Krle 1756 . Krle 1st pf 25 . Krle 2d pf 18)'e 8 Famous) 1'lavera L f,2'2 8 Famous I'lavera pf 94 ja K Fed .Mln ft Smelt pf 51 Fliher Bedy nf....111 . Flak Rubber 16 . Freeport Texas.... 25)4 . General Anphalt.... 66)5 C avneral Clirar 77 8 Ceneral Klecirlc. . . . 1C9 . General Moteti.... 14 ft 6 Clen Meters pf 81 , . Glldden Ce 15 . Goedrich B F 39)'2 . Granby Mlnlnp. ... 30 ft 7 Great Northern pf.. 02 4 Great Ner Ore ctfs 39J5 . Gr'ene Can Copper. 31 . timntan.une Suear. 12 (iu'f Mobile & North 17Te . Gulf Moblle ft N pt. 38 Yi . Gulf States Steel... 01 Housten Oil 77 i Hudsen M Car ?3W 1 Hupp Motorcar 19)4 , IfMlraulic Steel 11 ' 7 111 neli Cen'ral.... 109 , . Il'lmils pf wl 1i' , . Ii t.pit.it'en Cen Cep 42 , . lull r fnn Cerp 1 )i Intt r Cen Cerp pf . . 3 ?s liuirnat Cement... 34 Int! rn it Cem Rug. . ?4 ft Int ti-eat North wl 24 Int Mer Marine... CtYz Int Mm- M.ir.ne pf.. 74ft Internatlen l Nickel lej; Interiuitlenat I'pr 50 Inter I'.ipi-r pf HtpJ C8 lnvlncibU Oil Coin. 15 lien Products 35 Tel'ind Oil K..ti City Southern Kun City Se pf. .. . K.mn.is ft Gulf. . . . Kajscr Ce new... f ' i-S'ii.' Tire. . . . Kelsey -Wheel Kintui'eti 1 upper. KeyHtone T ft U. . . Lackawanna Steel. Lake Krm ft Wist Lhlirli Vail" v.. . 12 LKb'ett ft Myers 300 7 Lima lcntnellvu. . 100 .. Leew'a Ine 100 .. Loese Wilis 103 12 Lerlllard (Pierre). Z6 57 t. 4913 97 35 JS 10 75 pf C3 ..170 107?i 16 ft 43 Ji 152 I)W 63)4 53 16 V 69 ft 109)4 49 06 39 ft 64 ft 47 41 107J4 40 105 164)4 10)4 5 14K 104)4 43 13ft 35 55 113)4 Oft 19)4 61 ft 97)4 03 36)4 99 CO 1?0)4 142)4 102 138ft 17)4 41 00 90 29)4 17 52 00)4 101)4 89 3 1C9Je 2)4 30 26 ft 17)4 28 P. 114 51 02 ft 35 1ft 74)4 70 97 114 7ft 30)4 107ft 20 ft 24 110)4 2 131 44 20 ft 1 1 ft 03 ft Oft 141 30 ft 36 ft 09 Ji 09 10 19 37 55 0 21 27 43 ft 77 ft 115 44 80 95 06 22 14 29 92 ft 57 72 ft 31 40 55 s8ft 4 ft 120ft lift 67 ft 103ft 48 73 ft ?4ft 16 ft S5 G 21 ft 124 1?3 30 I '2 82 ft 72 ft 44 ft 21 ft 79 ft 111 17 :4 10ft f.2ft 94 ft 50 111 15)4 ?4ft 65 76 166 14ft 81 15 '0 30 80 ft 39 ft 31 12 17ft 38 ft 81 77 23 19ft 10 ft KB K9ft 41 ft 1 3 34 3 4ft 19ft 74 10ft 19 (j'l 14 ft -4ft i-Oft 57 'ft fiYt 'B 97 -5 15 ft 74 ft t-3 05 170 107ft 1 6 ft 43 ft 152 1:30 Net P. it. Chse. 63 ft .. 53 - H 16 H Vi .. PDftd- 1)4 109ft 1V4 CO ! 1 ft 96 1ft 39K 1)4 C4ft I 47 41 ft 107)4- 14 40 ft ft 105 ft 164 ft- ft 1 1 ft 1 5)4 K 14 Ji 105ft- Si 43 ft 13ft .. 35 54 55 11354- H 6 ft Y 19)4- 1 61 98 93 54 36 09- ft 00 - ft 120- ft 142ft- ft 102)4 H 138ft- ft 17 42ft 1 U8 ft 90J4 ft 29ft .. 17 53 00)4 254 101)4 .. 09 ft 54 3 .. 109ft- 1 2)4- H 38 - ft 20 ft - 17ft ft 28ft- ft 114- ft 51 - 62ft 54 35 1 Hi- 54 74ft 1 76 - ft 97 - 1 114 ft 7)4- 54 30ft ft 107 54 20ft .. 24 110)4 54 2 ft 131- )4 44- ft 28ft .. 12 64 ft 8 ft 141ft- 2 30 ft Ji 37 ft 70 68 10)4 54 19)i 37 ft 55 ft 9 ft 21 27 - 43 ft - 54 77ft ft 115 03 ft 81 1 95 1 66 ?2 ft 54 30 "4 92ft- ft 57 72ft- 1ft 31 1 48 3ft 55 1 88ft- 4 ft ft 120ft- ft 1 1 ft - ft 67 ft ft 103 ft- 49 ft - ft 73ft- ft 24 54 ft 10ft ft 5 ft f 46 ft 21 ft - ft 125 128- I ft 3? 142- 82 ft Ji 73 44 ft ft 21 ft - 79 ft 111 17 ft 24 . . 10 ft ft L'2 ft . . 94 ft .. 512 111 1 15)4- ft ?4- 65 77 1 1 69 1 ft 14- ft 01 - I ft 1 5 ft ft 39 ft 1- ft 30 ft ft CO ft - ft 3'- ft . . 31 1 ft 12 1 7 ft J 30 ft ft 81 1 77 - 23 - 1, 19ft- ft 1 1 ft r 1 CH - a; 1C"J 1- ft 41 ft ft 1 ft 14 '' - 54 34 ' 4 14 T ft 24 ft - ft 19ft .. 74 ft ft 10 ft 49 ft 00 f 1 ft 15 55 ft ft .. 26 ft 7 4ft .. 44 ft 40 H- 1 97 2 -5 ft 10 75 ft ft 03 1 W - 170 107ft T 1 6 14 . . 43ft 1t2 I OIV. Salei In I STOCK Hlih 200 7 Lerlllard (Pierre) pf115 900 7 Louisville A NftBh..130ft 200 .76 Mclntyre new 15ft 900 .. Mack Truck B4J4 6400 ., Malllnsen Ce 34 200 7 Malllnsen Ce pf . . . . 03 100 .. Manatl Sugar 47 200 4 Manhattan El Supp 51 400 7 Manhat Elev Guar. 47 200 6 Mar St Ry pr pf.. 61 0603 ., Marland Oil 43 200 .. Martin Rockwell... 18 400 2 Martin Parry 32)4 200 .. Math Alkali 43 000 .. Max Moter CIem A 67 1700 .. Max Moter Clata B 24 0900 12 Mexican Petroleum. 104 54 100, 2 Mlatril Copper 29 30001.20 Mlddle States Cerp. 14 5700 .. Mid vale Steel 35 ft 1200 .. Mln ft St Leu! 12 100 4 M St P & 3 St M.. 6054 1000 .. Me Kan A Texaa,. 12 ft 3100 .. Me Kan A Tex (wl) 18)4 1503 .. Me Kan ft T wi pf 41 1900 .. Missouri Padfle.... 22ft 2500 .. Me Pacific pf 56 ft 100 S Mentana Power.... 71 1900 .. Montgomery Ward. 22ft 1P0 7 Nat Biscuit 145 100 7 Nat DIscult pf 125 4300 .. Nat I?n A Stamp.. 55 300 7 Nat En A Stamp pf 93 2300 6 National Lead 98ft 103J .. Nev Cen Copper. .. . 17 ft 200 6 N O Tex ft Mex. ... 68 ft 5600 6 N T Central 97 100 6 N Y C ft St L 2d pf 84 14000 .. New Tork N H A H 32 ft 900 2 New Tork Ont ft W 27 100 2 N Y Shipbuilding;. . 18 54 100 .. Norfolk ft Southern. 21 1000 7 Norfolk ft Western. Ill 100 4 Norfolk ft West of. 70 2100 6 North American.... 66 900 3 North Amer pf. ... 42 300 .. North American rts Oft 2600 6 Northern Pacific ... 77 100 . . Neva Scotia S ft C. . 2014 100 1 Nunally Ce 9)4 000 .. Okla Pred ft Ref.. 3 100 .. Ont Sliver Mining.. 7ft 100 .. Orpheum Circuit... 19 300 .. Otis 3tcel 12 400 2 Owens Det Mach... 30 100 raclfle Dcvel Cerp. 6 610 c Kic Gas ft Elce... 70ft 200 .. Paclfte Mall 16 13930 3 Paclfle Oil 59 300 6 Pie Tel ft Tel pf.. 07ft 14700 C Pan Amer Petrel.. 73 3903 6 Pan Amer B 67 ft 300 .. Parish ft Bingham.. 12ft 7600 2 Pennsylvania R R. 44 54 2700 .. Penn Seaboard Steel 9ft 200 C Peeples Gas Chicago 03 ft 1700 .. Peoria ft Eastern.. 24 3800 ,. Ppre Marnuette. . . . 33 200 B Pere Man pf 70 100 .. Pere Mara prier pf. 77 100 3 Philadelphia Ce 38ft 50 . . de Odd Lets 39 3803 2 Phillips Pet 52 200 . . Plerce-Arrew Moter 1 9 ft 900 .. Pierce Oil 8 100 . . PKRiy wisely Ster 42 ft 700 5 Pitts Ceal 64 1700 .. Pitta s- W Va 37 1100 H4 Pend Creek Ceal... 21ft 400 5 Pestum Cereal 80 ft 100 .. Tressed Steel Car.. 77ft rrroe puts stcei pf 100)4 5000 .. Producers ft Ref... 43ft 200 8 Pullman Ce 122ft 300 .. Punta Alcjfre Sugar 49ft 003 2 PurP oil 31 100 8 Pure OH pf 98 ft 200J.41 Rand Mines 23 1200 .. Bay Cen Copper.... 16ft 3200 4 Readlnff 77 100 2 Beadlnir 2d pf 52)4 103 .. Ttemlnaten Typew.. 36 200 . . Bern Typew 1st pf . . 72 ft 003 .. Itepleele Steel 32 ft 1300 .. Keptib Iren ft Steel. 72 500 .. p.p Hen ft Steel pf 92 200 ., Iyneldj Springs.. 44 100 3 Reynolds Teb B.... 46ft 100 7 BeyneM.s Teb pf....114 39333. 10 Royal Ittch N Y.. 58 100 1 St Jeseph Lead.... 14 1400 .. St Leuis Kan Fran.. 29ft 500 .. St Leuis S Ft an pf 51 000 .. st Leuis Southwest 30 ft 330 .. St L Southwest pf. 48 400 .. San Cep Puirar. ... 4ft 100 .. Saxen Moter 4 2400 .. SeMiearil Air Line. 7 ft 003 .. Seab Air Line pf . . 11 800 .. Siars-Reebtick .... 77ft 200 .. Seneca Copper 13 ft COO .. Shatturlc Ariz Cerp 10 13100 2 Sinclair Consel ... 33ft 4433 C Seutbtrn Pnclllc... 91ft 3433 .. Southern Rail 25 ft IG03 .. Southern Rail pf . . 50ft 200 .. Splccr Mftf Ce 20 ft 14000 4 Stimlaid Oil of Call 10 ft 500 G Stand ml OH of N .1188ft 130 7 Stand Oil of N .1 pf!16ft 1000 2V- S'Tllnr Prn'luts.. "i5!4 200 8 Stern Rres pf 93 ft 403 a Sicw.in Warner Spd 45 1100 .. Stremh'nr Carb.... 00ft 32103 7 Studcl .l.er 132 100 T Stndcb.iker pf 116 20)0 . ul) l;n:C. Cerp 0 800 .. Superior Oil 7 200 .. Superior Steel 32 ft 100 .. Sweets. Ce of Amer 3ft 700 .. Tenn con ft Chem.. 11 7000 3 Texas Ce 47 ft 1100 4 Texas Gulf ft Sulph 4B 1300 .. Texaa ft Pacific.... 30 1100 1 Tevar ft Pac C ft O Z8ft 203 6 Tobacco Products.. 79 200 7 Tobacco Pred pf....I05ft 9630 . Transcontinental Oil 16 200 2 Transui. Wins Steel 40 100 2 Twin City R T.... 53 10200 .. Union OH :3ft 2630 10 Union Pacific 144 100 7 Union Tank Car pf107 200 . . United DruK 76 700 8 Halted Fruit 142 12U0 .. UnlWd Retail tSere. 67 ft 933 . . V S c I P ft Fdy. .. 32 930 ..US Feed Products. 0 600 .. U S Ind Alcohol... 57 700 7 IT S Ind Alcohol pf 92 1703 ..US Realty ft Imp. 09 29 JO . . US Rubber 63 ft 100 8 U S Iluhber 1st pf.106 7700 6 U S Steel 100 503 7 V S Steel of 121 ft 100 ..US Tobacco Ce.... 50 7J0 2 I't til upper let ft 2930 .. Vnnad urn Cerp.... 46ft 100 ,. Va-C.ir Chemical... 32ft 103 .. Va-C.ir Chemical pf 07 4)0 C Va iron coal ft Colte 49 103 C Va Iren C ft C pf. . 72 100 . VIv.vUiii Ine 12 26JJ .. Wiibiish 13ft 5500 .. W.ibnMi pf A 33 100 .. Wabash pf B 22 ft 100 7 Western dec pf....109 433 .. Western Maryland. 12ft 303 .. W Maryland 2d pr 21 100 .. Western Pacific... 20ft 103 C WeHtern Pad no tf. 61 400 7 Wiateni Union Tel. 98 1930 4 Westlnu K ft M.... 60 200 4 WestlnnhoiiEe A Br. 91 ft 18JJ .. WhieliriB ft L K. . . 14 200 .. WheellnK & L E pf. 26ft 2)0 ; White KhrIe Oil.. 27ft 30J .. Whlte Oil Lern.... 500 ., Wick Spene St Cerp Hi ft 100 4 Whlte Moter 48 16J0 ., Willys Overland.... 0 100 .. Wlliien ft Ce 43 100 7 Wilsen & Ce pf.... 01 200 .. WlHteualii Central., 31 200 4 Woith Pump ft M. 48 100 1 Wr.cht Aero Oft r.x-imtiWiu. Lew 113 134ft 15)4 B3 34 ft 92(4 47 51ft 46 60 42 17 32 43 60 23 159ft 29 13 13148 60 ft UV 10ft 41 22 56 71 22 145 125 54 91ft 97 ft 16ft 60 ft 96 ft 84 31)4 2CJ4 18ft 21 109 78 64 54 42 854 77 2954 954 3ft 7ft 19 12 36 6 70 16 ft 50 87 ft 69 63 ft 1254 43 Oft 83 ft 23 ft 33 ft 70 77 30 ft 39 51 19 B 42 54 64 ft 37 ft '0 ft 80 77 ft 100ft 42 122 49 54 30 98 ft 28 10 70 52 ft ?0 72 31 71 91 -. 1 46 ft 114 50 ft 14 "9 ft 50 29 48 4ft 4 7 lift 76 13 ft 10 33 '.0ft ''5 rn 20 107ft 180 110ft M-, 09 45 49 129ft 116 8 6 32 3ft II 47 40 29ft 7 73 105ft 6ft 39 53 1ft 142ft 107 76 141ft te Jl ft 8ft r7 90 07 ft 63 106 99 Ul 50 14 ft 45 2 ft 67 4B 72 12 12ft 32 ft 22 ft 109 12 TO ft 20ft 01 97 ft '9ft 91 Uft 2eft 27 ft 8 ft lb 48 8ft 43 81 31 40 ft 0ft 2ft 54 3 1 54 Ji 54 5i Ji 54 ft 2 54 2Ji "ji "54 Ji 54 " J4 154 54 1 54 1 54 'i 154 I I 1 ft 22J4$ H B0 54 71 1 22 - J4 145 ft 123 2 84ft- 54 93 2ft 9854 1 17ft .. CO ft .. 06ft- 1 84 )4 31 54 - ft 26J4- 54 1854- 21-109- 78 65 54 42 854 77 29 54 754 19 - 12 36 -r e- 70ft 16 E9 ft 87 ft 54 12ft 43ft 9 8354 23 ft 33 ft - Ji 70 ft 77 38ft 39 52ft 19 -0 42)4 64 37 ft 21 -80ft 77J4 100 54 43 ft 122)4 49ft 30 ft 98 ft 70 -52)4 36 72 32 -44-46ft 114 50 14 29 ft 51 30 40 4ft 3 7 ft 10 33 ft C0ft 20ft 109 ft r iee- 110ft r5 ft 99 ft 45 49 ft 132ft 116 D 7 32 3ft 11 -47 54 ft 105 ft 16ft-, 40 53 -3 1 "2 - 107 76 142 16 - 31ft K ft r,7 90 - 67-f fr3 ft 100 100ft r 11 - 50 14 f '0 3. ; 67 49 f- 72 12 - 13 32 ft 22J4 109 12ft 20 ft 20ft 61 (. en 59 ft 9lft 1 4 ft 1 20 ft I. 7 ft - 0ft left J 48 - tlft 43 81 -31 48 ft- bft 1 2 1 'l54 I 2ft 54 ft 3 2 1ft Ji 2 1 1ft 3ft 1 ft ft INVESTORS STILL -BUYING TENNSY Assurance of Restoration of 6 Per Cent Dividend In Near Future the Incentive The continued active demand tot Pennsylvania Railroad eclipsed nil ether rnnslelerntlens In the local llinrkct. The vigorous buying movement which started yesterday was rcsumed nnd wns well imstnliied until nfter mldtlny. The further elevation of the stock te 44 n new top for the year, nnd ever n dollar nbove the previous high mnrk disclosed a relatively small amount of floating stock, Indicating during the recent period of dullness nnd depression of last months there had been steady accumulation. Ah a matter of fact this had been evident for aome time nnd can be ncccpted ns positive proof of a re storation of the 0 per cent dividend rnte before the close of the current year. , The character of the buylng,nceord buylng,nceerd lug te the beard report, wns very Im pressive and unquestionably was for the Investment ncceunt, or by these who buy net for the morrow or next week, but for n long pull in the future. At 44 the stock, with the present 4 per cent dividend, yields 4.G per cent. If the 0 per cent dividend Is restored the present "buyers would receive clese te 7 per cent en their Investment. Ne doubt a great deal of July in terest nnd dividend disbursements ere finding employment In the purchase of the Pcnnsvlvnnia stock, because there tire very few high -grade bends nt the moment yielding much mere than 6 or 5 per cent. With the assurnnca of ine i) per cent uiviuuuu iu iuc jiuac- ig- ture Investors naturally are attracted t this eld-time favorite. This ap plies te big ns well ns the .'mall in vester. Movement of the general market was attended by a little, mere irregularity. The trading, however, was mere active than for some time and decidedly bread er, in inct, there was n Better repre sentation of the local shares than seen since the interruption of the recent forward swing. Dealings in the in dividual stocks, it is true, wcre in n measure relatively small, nevertheless an apparent widening inquiry existed. Prices ruled comparatively Bteady until after midday, then n slight shad ing occurred all along the line. Re cessions of VI te Vs ycre registered in Americnn Stores, American Railways, i R. T., Pennsylvania Salt, Lake Su perior and Philadelphia Electric. Cramps continued te bring 73. Lehigh Transit preferred, en t-mnll sales, drop ped back li points te 22 from the pre vious sale. rjJJ . i irw ttmmmr Philadelphia Stocks 1:15 Nst Hlnh Lew V. 51. ch9. lOfAm T.oce.1 14,6 114114 Vi 100 Am Strs..l21 121 121 Vj 160 Am Rwys. 1.W 13 Wl Vt tnrt jt. a r.Ml. r.i l. nn.A. l' 20 " Vj (U-(-1Vj r.r.ij 22Vj Vi 4!tTA A 0Sj , 44 Vi i0is 2.T"... 10 74 Vi UeVi1 22 Jl 201& vi 102 2 02 ... 33 Vi 22 Vt 7"1,ii i6 n V6 41 4- V. 73 Vi letn & e... r.iii riVL. 12.-.fRutte Sup 211 211 lOtfalif IVt. (14 04 fiOtCer de Pas 3Vi 30'j 20tChile Cep. 22 Va 22K. lOtCM&StP 27a.'i 270$ C0t de jiref . . 43 43 SOfChes & O. OSij CSVi 110 K!cc Ster. 44 44 Vi 145 ttcn Asph. 00 00 2."tHudsen JI 23 Va 23 Va 120 I.nke Sup. 10Vi 10 DO Leh Nev.. 74 74 2.-I.ch Val.. ().") 63 Va 01 1.eh Valley Trans pf 21 22 2.-tMluml Cen 2DVA 20 lOOtMcx IVt.102 102 0 Miuchill .. 32 52 fiOtMldvale.. 35 35 fiOtMn Pac... 22V. 22. 200t.erth Pac 77Vi 77 125iNev Cens. 17 Vi I7"i 2C0S Penna R It 41V1 43 25tlVre Marq 33 33 12 Penna Salt 73 Va 73 100 Pliila Ins Wire ... 30 301 Phlla Klec 20 3S2 de pref.. 30 130 Phlla RT 33 00 Phlla Trac 05Vi lOfPunta Al Sugar... 40i. lOOtRnv Cens 1(1 K5 Ratlin Cor 4Va 120 Readlni:.. 70'. j 120tSlnelair. . 33 10tS Oil Cnl.10S 10v 10S2 25tSeuth Pac HI III 01 ' . . 70tSeuth Ry. 25 25 25 lOtTcx & Pac 20 20 20 75tTex & P C & O.. 2S Mil J.UIIU Jit'I. 4 T"T HR s' 35 20 20 33 " Vi 40V. 10 4 V, 70 331j 35 20.. 30 . . 33 05Va.. 40'3 10 4. . 70 1 33 100 Tone Mln ItntTnins Oil 25tUnlen Oil 01 rnlenTrac 10fU S Idus Alcohol.. 100 U O I.... 120 de nref.. 200T1 J "71 L'.l 40 Vi 57 fill'. 51 2S If m 23 40 28 V6 lft A li tV 10 Vi 23 2 40 .. 37 51 Vi IM'lS r-iA i. 51 Vi.. i4 I ft " ft 1 1 ft 2ft 54 ft Germ-id Bank Statement llrrlln, Jul tfihl Uanli th fnliini Ini . mil I u llnri. an in 1. 10'JO I'll., titutetm nt of tin Im- nanv u.i of June till h!ujv ii,i s .n inmkN Tut .ii coin .nor .if 10J two. 1,1111! l(i- tn 't mn .ui'l In in h.ihiii'I i Hun nutis. Ini 11 ut.1,1 .1 151 .r.ul.ueH neii'n of Intlii'r liam 'i. l 1 ' .ut.l. I.il.lli.uui, 1,1'la nf I iXi iiHiiuu uml dmiUH intn n'il Sim, H.M.11IMI1 (llhniuiit anil ti'.ttiry l.lil Ini ret n;il. IK.ftlil (lid.llUn IKlwvni . -t (ln.liMlir.il, J'.'lll, in I f lll'il Iirtll. With ( uh.lH ,1'IT (Hill Inv, 1. In, ., In.ri.ii.,,1 71 .'IT.l llllll I UtlliM U1i tH l' I'IPJ 1,"1 'J.lli l,'J7l,OII'l. Hiltl'H ' Raw Sugar Active and Firm New iirk, Jnlv 7.- Tin' r.rs aunnr rnir. I htl CIHHlllllfH 11' I P ill'll nril n r jiiiv riiiinini'ni mli tr'n in ;i i:i-.i'j, rout nil III will .linn I r .tuuum. r lllnnnt Ht I I. . Ir..nl,,ll..n lnrrf.r..l 1 I ''Til .111 I (111(1 ,1 '!.! Illllii, 'te ill' Z. ."p..'w',r , ,'l"v -J'.'r u'J' ' '" ' l "" " ""," 7 "M '''77 """ 'J,l,"r liuh11 Si I r in S 1 hlllnf nil' I "1" l"iri.il 1 U7U URI.bGH. lutul J.ul(J llOl.J- juirt ri'iin t" jirini hmi iiini t n l lllllpplni.'i, ' in(r- i n.i'i u-.ri f.rkij nf uhlph MO'i tiinn (ire. iIuh the mlililln e f ""'" 1.'J.'.,"M'. Aimu-t ut .1 lenta, elf. iirnl a.'.'ie tunn i!u I Ju iitnt AiikC'iut nn th himii. lwi4 liiijiii-i nticirs wen. ptie.r.fiv iiuht. niiiii-iinj nf Londen Metal Market 'nii liim I'hlllHiliim te thi N itlnr.iil Hiu.ir . . . , - . . It. Ilnlni; "uni'.-ii v i ml linn ln'i Ciriiml I in, I Ien. July i Slnivlnnl c'ljipiT, npnt. ul i lutf .'i C.i i !.i ' ii ..(..l r tin .1 ii.im- " futuriH. nil KN. i:i.--tri! vili M,ut 1...I U umliiuiMi ! t it. Id ii'iitH tn il ,"ii (int I '" futuri-n. fl lOi- Til. Mit. tl.'.l " Ifin a pur ifiit fur e.ikli. the National nd I '" fiuuim. USS - U-l Leiiil, nput, lal Amerkan cempunlca be Inn temporarily wllti. " fututex. I2.i in nil. Kinc, spat, f 28 2s drnwn, ' Oil; futuren, X2T 1Tb a. LIVESTOCK QUOTATIONS I'llll.lliil, Inly T -- CA'Cn.n - llLCeiptl.. IiiOij he i.J Ji.irl.nt a, tlc; h.f iihth iitrniu.-, Tijp inuuivi! steers, $10. HO, hulk hc.C Ntr-ra. t" 'uiili.iiO, eliolce ntuck linn- Lulls 2.1c lilKnur; ,il calu-1 utinnK in hlalui, hulk, l.wf ciwi unrl iielfirn t.1 2."i' t 7 Ti, canricr mill cutttrn. t'J.'JUtl 3.75; bulk l,iini.-ii.i tullH .iiuuml $.1, with best liciivj Biiu-nim, hulla nt t.1 2"i. hulk, vettleri, inrly, $tlfu 50. Ilu( Iti'ielptB, 20,000 t.eail. Sternly te Btrenj with Thurmlay's ln-nt tlrnc, nr r,e te 10c hlchi'r than tlie avr-rnae. Tep, Jli, hulk, Kuml hutilicrii, J10 BOWlO t)5, plRn, Ifie te 2"e Inner inuctly $0 2Sli.73i heevy ucleht I ii -h, sin ,'iii. in 7u iriiMllum. $ te Hdiif 10.111: lulu, 4 1 ii liii'u 11, I Mil :ii,'lit, tlOCi ln,-,, P. , Itlnir miv , tiine ' h, $s 7,"''tU r,n, pin kin i , . iiijkIi. J, aftirm.lie kllllnu plun jn 21 u in In Hltl.i;.- lteieliitu. 13.000 he.nl In'ludlni.' Iiiliiu lieml Utrii-t te nackcra. Market ilrm; titiert Uuck nutlve lumba, tli te city butchem. I'.irker ten, S ine'tly 87 fiOM di-i k-tcil I'ulliii. e ,',.. "i'-'Utnti cull natives . -... ,,,,, i i uiiv ,inr.uu inn, U ,,... , . - i .: --." i" ,,.r ,i,,.thi,..r.. i ,., T.,-..," """": i--n ,nVm tu a nil fi-V"? . , "Ul)ll liimha, me. V0. J1J.-3 tut mica mutiny $5,55 iOOtl' S Steel. 100 10fl 100-f. Vh lOOtW P.ic pf, 00 00 00 10W Ci ami) cc hens. nt 7.i 7.) . . 50 Yerk Kwy 20 20 20.. tNft rhariB ni.nle by cemp-irls n lth last Hale en New Yerk Kteik Kch.ini,-e. riiir.Ai)i:i.i'iti. uend.h 10000 Liberty 3h '47 100.40 1000 Liberty 2d 4'',n '42 100.21 500 Liberty 4th 41$h 3S. .. .1(10.40 KMI0 Liberty 4th 4VJn '3S 100.30 5050 VU-tary 4n '23 100.5') 1000 Amer Can & K'ectllc33. h7 1000 Kleetrlc A: Pee Tr 4s. ... 07' i'JOO Phlla Kleetrle 1st 5s.... 0!)'1, 500(1 Plil'a Lie-trie 1m( 5a li(i 1000 I'liilu Klectrlf 0s 103 LONDON STOCK MARKET I'lttsbtiiBli July 7 IIOC1H ltfiPlnm n "' Li., ..Ki"-..KV4i9.U-i. -. -----;- . u,.,v,n. til ...ubrfii 1 1 1 r. i 'it i 7n - a v i , , . pit!". 1B0( 83; Dellar Descriptions Dull and Unal tered Oils Flabby I.niitliin, July 7. In nntii'lpiitlen n toinnrrewV UMial belldaj mill the feri tilttlitly settlement, tc-uiitles en tin stock t'xrhance were Irrntulnr, hut gen ernlly weaker teilny. (Ill shales wer (tiiPt nnd tlnhhy. Ituynl Diiteh wn ""'i, cx-illviilenil; Shell Transport atii Ttiiillnt?. 111-111, unil Mexican Knsle 3 3-10. Theie was a nitiileiule tleyree (f chfcifuliiP-K ill the Industrlttl ilep-tr' ment. IlinUeiiV IIh.v was 0 15. JO Further icees'-Ieiui in the cnnli. um fle had iiu unl'iiveriible effect mi ruhhet isues. Support being peer, tlu uilt tilKed ilhisien drooped. Fien h Ieiiim were Hat, owing te uililitieu.il wenkliesM in the fnine Ileini! tails were quiet, with lenll. ', i Iu' In evidence. Dellur descriptions weie nun ami litiaitcreii, Afjcuiini' raili were firm, but Inactive, Renewed n'llin for Centinentiil account caiineil frehh wenkties.s iu kullirs, but losses were net extensive. ,i,,i, ...... nuni.1 ,'!' I.A.I US -ItPCbtntB. "50 heail e'A .viti, Ii ,;.i... . ' "iW": ". " Tep, Jll 7.1. luuil, Walier, DIVIDENDS DECLARED llerejcn Ceinpiiny, em.annual $4 en mm. mnn. pujabln Aumiit in te tecli of renirel Auuimt 1, n,l uuiirtcrly tl.ne en prpferrnl, ii.iy.ihle S.'pleinli, i 15 te ntnik of ricei-,1 ni.jnit'iiii .'i i . BANK CLEARINGS Hank clearlnaii te.J.iy ceimpnrcd with rnr. rpKnendliie day I.ifi te se.irm I'lilln, .,J77.0(l(i,nii(l 73,5 lli,ii,-,n $S7.n2s no Uebtiin.. 54,01111,0011 -lil.fi7a.7SU CO 704 inn N. V, .. HI10, 700, OOU 11113,800,(1(10 S12.182,'073 A NATION'S IIALANm RHni'.T Onu man ht'cutne lenvlrn c,l that a nation', aflalrs could bg run au eeunemleally ,.,',. hunliKH" ciriienitlnn. ilMicnil linvn i.,," liuw liu efl((.tijil an linni,tn,. miliu ...... 'ia , dibrunllliu U,iurii.iiint iiL.i,iiiii,ni. '.nuut li DIRECTORS CtO.BuKHAM,J. Wiumm Weed CiuttutWinnta Ckai.E.Inoieu A. A. Jacxiem SAUun.M.CewiM CutMciM.BewN SnvtNi Htcxtcnik AvwTD.AmMswt ). Ba.tek Teww4w C. Fud'k C. Sretnt ' Eihjautk Ruin . WuuamPeit Cumikt D.Niwteta Cmaklii E. Matww HAiiTF.BAua H Mr. Charles J. Eisenlohr, President of Otte Eiscn Eiscn lehr & Bres., Cigar Manufacturers, Philadelphia, eaid te us: "I believe it was the soundness of our Federal banking system, the stability of the individual banks and the con fidence of depositors that enabled Indus trial America te weather the pest-war depression. The banks are entitled te further evidence of public confidence through increased deposits from the citizenry." Central National Bank of Philadelphia Chestnut Street at Fifth. Zjp Capital $1,000,000 Surplus and Undivided Profits Earned $4,700,000 W$ m ? ;m ! W MANUFACTURERS' WATER COMPANY FIRST MORTGAGE SINKING FUND 5s, 1939 Guaranteed Principal, Interest and Sinking Fund by CAMBRIA STEEL COMPANY Controlled by Midrale Steel & Ordnance Ce. FREE OF PENNSYLVANIA STATE TAX Price and Circular Upen Application. SCHIBENER.BOENNING & CO. Investment Bends " 1615 Walnut Street Philadelphia Members Philadelphia Stock Exchange Bell, lecniit 7480 Kertten.. .. . r ) r 1 J MAIN & COMPANY ACCOUNTANTS AND AUDITORS ANNOUNCE THE OPENING OF OFFICES AT DREXEL BUILDING PHILADELPHIA, PA. PITTSBURGH JULY 1, 1922. HARRISBURQ NEW YORK Generil Aapbalt Cempanj 6' 1925 Indplt. Traction & Termini! ... 5' 1033 New Jenev Gat Cemptnr 5'i 1943 Consolidated Gas Ccnjany 5'i tl)6li Indianapelii Street Rvy. Ce....4't 1933 Wclibach Cempanr Collateral. .5' 1930 Weit Jersey & Seeslore R. R.3's 1936 Northern Indiana Gas & Elec.G't 1952 Clayton-Glassbc're Water Ce....5's 1931 Equitable Illuminating Gas Lt...5's 1928 Syracuse Light & Power Cell.. . ,5's 1954 Wilmington & Chester Tractien.G's 1923 'ndianapelis Northern Traction, ,5's 1932 Union Traction of Indiana C's 1932 B Gen. American Tank Car Ce.. Equipments I Pennsylvania Tank Line Ce... . Equipments lerre tlicte, Indpls. East 5's 1945 & StVa. Ohie Traction Company.. 5's 1936 4 Stli. Ulantic City Gas Ce. . ,.5's 1960 & Stk. Wilmington Gas Ce 5't 1949 ft Stks. indpls. Water Works Secur. Pfd. Stk. American Pips & Censtr. Securities Sfd. I bprinffield Water Company... All Issses I i-ublic Service Cerp. of N. J.. All Issues 'ailread Equipment Bends..,. All Issues 'Inited States Liberty Bends.. .AH Issuei SAMUEL K. PHILLIPS & CO. 807 CIIKHTNl'T HTltlXT S ' -- (w ill 4KSH Spruce 8200 OBY OR SELL ACTUAL ORDERS BONDS Allegheny & Wettern ht 4s, 1991, Atlantic & Yadkin 1st 4s, 1949 Bethlehem Steel 1st 5s, 1942 tt Buffalo & Satqaehanna 1st 4s, 1911 Clev. Term. & Val. 1st 4s,, 1995 Franklin Field 1st 6s, 1942 Jamesl.,Frank.& Clearf. 1st 4s, 19S2 Lake Superior 1st 5s, 1944 4 Lehigh Ceal Ce. 1st 5s, 1933 Lehigh Valley eIN.Y.lsl 4Vi, Ml N. Y., Chi. & St. Leuis 1st 4s, 1931 Philadelphia Electric 5Vi, 191 Public Service N. J. Perpet. 6t SchuylkillRiverEast Side lst4s,Wl West Jersey & Seashore 1st 3 Vis,19H West. N. Y. & Penna. Gen. 4s, 1943 Western Pennsylvania 1st 4s, 1921 STOCKS Catawissa R. R. 2d Pref. Eisenlohr Common and Pref. Little Schuylkill Navi. Minthill & Schuylkill Haven North Pennsylvania R. R. tac Starr, Jr., & Ge. 16th 8c Sansom Sts., PhilarlelnVijl Jlfiii!irr rhll.tdiliililu Stock Kicking New Verl. t'ettun Excluinitl SINIT&n WATEf jimm.sjmj kfiriiJU) Government Securities ir.iwtiMi:NT sr.crrtiTir.1 fOMltiffririAi TRUST COMPANY Meinhcr rrilrnil Itcsmr Sivtrni City Hall Square West vl EiJ'l'l'"""w''4Smi,'---TyW ' Publlr Utility ttrruritU-e Blatk Ex;lmttrj QuU&ing, Jrjtlx Huntingdon Dev. & Gas Common Bought Sold Quoted I'liuneiii t.eruxt Uii!u.l.s.3.i" Private I'ienra te New Yerk & Ileitnn T The Industn ' Trust, Title aH ?-ws Ce. 1944-52 N. Frent St. -'?D SEMI vijvuai. nivmND Tli r'.in-l of 111 tr " Id iliv ii el i-i.il i. sf iv. i'1-1 iii ' i,r ,.i (.ti , , ti'il mi i trn ii v ml , Iinr i-nt , itrxvplil. .,'n'v r in bierit iri iifii i i ' ! I r u. in nun ii ,.x te I'liillvldrU IV ill'."! Olllll. i.ll t. i l) IT. i his j r nj tiu Capital ?5OO,000.09 Surplus & Profits, $1,455,706.10 JOHN S. BOWKF.R, Trrnaurcr, hlly G, 1022. In Continuous Business MOVER O CO. nif'Stn fHiAvtimu sine ,,,.! Xli.ea hu'le. Ilublf r Company, quirt.. Iv j SartllAXinJiSfr 'SlSlfe,, t, "ft i BANKERS G BlfOKI'RS rcera July 15. idv. If There Is a Market We Can Find It We held sales of atecks nnd bends every Wednes day, charging $1.50 en trnnce fee for each item. Ota weekly catalogues and'-pew! card Eorvice reach every w' ket. We take plcasuri furnishing quotations. r Barnes & Lefland 11 Eteck llrektr and AnrttenMT E vi '4i W S, 4tk St, .S SA V ;, Jf V,'jl,Vi'lP, ;
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