,7:je3;.'.',t-.T-L?t fct-,i.w-?raTAVT.. 7YaTi:i.i A v 1nM ste: IWL'iiJV ' Ti frH'-Ti 'S 'V "'II tli k8r? t,wcti f '4 t H sY- A'Ji- i.Aii W-W'. ' . . ' f i ' 8 If ItPBCES RAGGED IN Er Jl I Soruco 8200 fcH1 I FEVERISH MARKET V EVENING PUBLIC EEDGER-PHILADELPHIA, MONDAY, JULY 10, 1922 U. S. Treasury Certificates sEccniTirs nEr.nTJtEM COMMERCIAL TRUST COMPANY tlember Federal nMre Preterm City Hall Square West Developments In Railroad Strike and German Situation Were Disconcerting eilC jna- FAIR PRICES stimulate building therefore the present activity. Condi tions are here for maximum return of investment. Prices will go no lower, they may ascend. Build new. JOHN N. GILL CONSTRUCTION CO. Commercial Bnildingt, Facteritt, Inititttliem and Smaller Werk Oil. IfUlldlllB I'll II. Alllt!!. I'lllA -,la - - w Wtt - ' "'-L Laa. Beles &Westwood Members Phila.JieckExchande INVESTMENT SECURITIES LandTiTle Bid., Philadelphia PHONE LOCUST 4721 (F -R. A. M. & Ce Wanted Nf'.en & Radner C. & E. ,5'j lOSi New Cat Lgl. Ce. (JanetviUe)S't 1934 Syrqcaie Gas S'l 1946 Syracuse Lighting S't 19S1 Georgia fly. & Etectric. . . .S't 1932. Pablic Service Cerp. e! N. J. 6't Ptrp. Reed A. Morgan & Ce. IffK Knit Tnif UUIn . Vtila MemLeri jf 1'ie Phtla. Stock Ejtch. Telephone S-pruce S131 New Yerk. July 10. Demestic nnd foreign developments ever the week end were fnr from being encouraging; rnther te the centrnrv. were of the chnrnctcr te promote further caution if net nervousness The feverish move ment of today's stock under the cir cumstances was wholly natural ; In fact, tne main iierty or stocks steed up mucn better than reasonably would have been expected. About the only real construe the news te come te the surface was the Increase In the unfilled tonnage re ported by the United State Steel Cor poration for last month. This was an acroeable surprise, as In view of the prolonged coal strike and the reported disinclination of the steelmakers te en ter Inte large contracts some falling off In the tonnage had been expected. The disagreeable possibilities In the Herman Munitien together with the less premising outlook of the railroad strlke were the disturbing elements. While betli lntlucnccd some degree of selling, the market at no time showed any real weakness, although at different inter vals the trend wes distinctly reaction ary. Offerings, however, appeared te be readily absorbed, and when pressure relaxed prices rallied easily. It was quite generally recognized the situation in tlrr.nnny had reached a point where something must be done and done quickly. Yet, en the oilier hand. It was obvleui It would take something mere than the collapse of tlic (icrmnn republic te produce any wide extent of utiseltlcment in our mar kets. As a mutter of fact, the Kurepean 'ituatlen has net for months been really much of a market factor. The mere important clement of the street urc keeping their eyei riveted en Londen for the real cue and passing by the day ti day development In Germany with it degree of indifference. While the l-'rench exchange has suffered in sym pathy with the collapse et the Cicrn.an mark, sterling thus far reflects no symp toms of any serious misgivings en tl.e part of the English. Should sterling break violently that would make the sit uation a here of another color. Kails- were under marked pressure at the outset, reflecting striking condition. Oils, chemicals and coppers also lest ground. Karly quotations showed losses of 1 te almost U points for Atchison, Great Northern preferred, ltejnl Dutch and Davisen Chemical, Lake Lrie and Western were the exception and ad vanced l' points en advices from Washington application had been made by the "Nickel Plate" read te acquire control of that property. Karly offerings t decks were eniiy absorbed and prices strengthened for a time en the demand for Mexican and Pan-Ainerican Petroleum, Standard Oil of California, Studehaker and evenl of the equipments, feed nnd chain store .specialties. Tills advantage was can celed before neon when fresh selling develepe among rails anil domestic oils. Atlantic Coast Line. Chesapeake anil Ohie "Nickel Plate" and the pre ferred shares of the Missouri Pncltic, Pere Marquette. Wheeling and Lake Krie anil Southern Hallway were espe cially heavy. Moter accessories, mc mc endary steels and coppers also lest ground. I Commodity Markets Available Manufacturing Manager and Engineer New employed, desires te con nect with corporation where initiative, capacity for hard work, and ability can be used. Can Mke 'harrf? of aTnuntlw;. cnit keeplnc estimating, plant operation, labor prebh'm. construction. deelop deelep merit nnd reearci. Reference and financial connections Klen AJdreeji a ejs. i.F.nr;i:n erricn Bayuk Bres. 1st Pfd. Stock Bought SoldQueted Stene, Presser & Doty GRAIN MARKET ' Chicago, July 10. The wbeat 1 market declined 'ic te Kc at the outset, but en the whole displayed mere re sistance than expected. Aside from a slightly steadier tone te foreign ex change, the ni'ws from abroad was against values, as the German situation was considered critical and the Liver pool market was U'ic te -l,d lower. ' Crep nnd weather advices were alto fa- vcrable, but the fact that the Govern ment report was due after the close eiiumiI considerable covering and prices n gained pan of the initial losses. Cern opened unchanged te bhc lower en tne foreign situation anil geed rains ever the West, and rallied partly with J wheat. 1 Oats were quiet and J'sC lower, i Previsions were weak en a decline . of ten and fifteen cents in live hogs i and weak cables from Liverpool, where prices were down Is te Is Oil. Op.n 1 v M. ill's '111'j r.l'j 'l in ill S2 William St., N. Y. Hiner.r 7728 Tax Free Pennsylvania Railroad Bends Biddle & Henry 104 SOUTH FIFTH ST. I Cern J4l s. Meiihe r b. . mlu-r Wti. .it l'il s. j' mb.T 1' .-ml.-r , Uats--l"l -.lit! mtr I. .mt-- , li Ju!v . . Septpmbt" I.ard July si.'l't' mUr ! Mild. -'.it. !". i.l', ' tit1 Da5, u M' tl.l, i u i r."3 fl i. il' i l.i 1 1" l 10 il 1.10"-i 1 11, i i:i' i l'j'i i.i3 l.i.r. at1 XT' te 1" TT . 1 1 U'J 'I'. If 31 m 'SI'l :r 'si'n lfi.O'i 10.1,1) 010. S5 NEWBURaER, HENDERSON & LOEB Members New Yerk and Philadelphia Stock Exchangtt 1512 Walnut St. Bends for Investment Sazstilieiu Upen RtipuU The National City Company omen in mers than nmr cities COTTON MARKET New Yerk. July 10. Further weak ness attended an net he opening of the , cot tun market this morning. First pi lies were J 7 te .'(." point net lower, n ft ei ted bv the German situation, t lie I break In French francs, and favorable weather news ever Sunday. Japanese Interests wen- again large buer.s, and jLnorpeol and the trade aKe bought. , New Orleans, the Seuth and commis sion heu.,e sold. Later the market I continued heav) under liquidation. I'rev f'lei lirenlni; p f L'2 IS L" ae , 'J.' .1.1 "! "0 . . .j.i;.'.s:s si or. . '.'1 'IT '.'I i'.T . l'i hi si ai Jl SU 21 43 'July i), !..r I Nfeinhr , .'unuary . Mn-n .. May . ... 2J (JO Jl 03 21 ill) 21 5e NEW YORK STOCK EXCHANGE TRANSACTIONS Only AfUrnoen Rtpert in Philadelphia Quoting Full Litt Salt In I 300 .. 400 .. 1000 300 500 100 300 stock nit u AJax Rubber 1314 15.. Alaska Oeld Mints n - . Y 100 200 300 24600 100 600 100 200 100 600 100 100 200 500 103 400 300 600 1100 100 1800 100 100 1100 100 100 300 1600 100 800 100 1100 1700 100 200 500 COO 100 9300 3503 1200 200 200 2000 100 2400 2000 103 403 100 100 1200 100 1700 1100 600 200 800 100 500 500 400 103 200 300 2200 1800 1100 2-100 2800 100 400 5700 100 400 800 200 3200 200 1400 500 Alaska Juneau O M 1 V 4 Allied Chcm A Dye 60 H 7 Allied Ch ft Tfy pf109K 4 Allls-Chalmera .... 49 Vi . Am Agrle Chem... 38J4 . Am Agrle Chem pf 64 . Am Beet Sugar.... 46 '4 . Am Besch Magneto 41 . Am Can 52 14 7 Am Can pf 106 . Am Cotten Oil 26 J4 . Am Hide A Leath pf 69 7 Am Ice 104 6 Am Ice pf 86 . Am Intcrnat Cerf.. 41 J4 t Am Express 133 1 Am La, France Eng 13 . Am Linseed 34 0 Am Locomotive .... 1 1 3 7 Am Loce pf 1174 i Am Tlndlater .,. . . . 94 V4 . Ami Safety Razor.. 6U . Am Shin & Cem... 19 V . Am Smelt 61 3 Am Steel Foundries 36 V . Am Sugar Ref 80 H Am Sumatra Teb pf 63 6 Am Tel A Cable.... 58ft 9 Am Tel & Tel 120 K 12 Am Tobacco 141(4 12 Am Tobacco. B....138J4 .. Am Waterworks... 16 .. Am Watrwks 6 pf 42 7 Am. Watrwks 7 Pf 87 7 Am Woolen 88J4 .. Am Zlne Ld A S pf 44 . . Anaconda Ceppti ... 52 6 Atch Tep A San e101 B Atch Tep A S F pf 90 7 Atlantic Ceait Line 107 .. Atlantic Fruit 2(4 .. Atl Gulf A W I S S 3714 .. Aunstln Nichols ... 27 7 Baldwin Locemotlvol144 .. Baltimore A Ohie... 50 i .. Bamsdall Class A.. 3414 .. BarnsdaleB 29 H 6 Bethlehem Steel.... 74 5 Beth Steel B 76Ti .. Beeth Fisheries.... 714 . . Bklyn Rapid Transit 27 V . . Bklyn R T ctfs of db 23 8 Bklyn Union Gas..109'4 .. BrklynUnGas rts. . 1 7s .. Brown Shoe 49 8 Burns Bres 13114 '2 Burns Bres B..... 45 .. Butterlclt Ce 2314 .. California Petrel... 63 .. Cal Zinc & Lead.. 814 10 Canadian Pacific... 139 14 .. Case J I Plew 6 .. Central Leather.... 38 JJ . . Central Leather pf . 71 6 Chandler Meters... 70 M 4 Chesapeake A Ohie.. 67 . . Chicago & Alten. ... 10 14 .. Chicago A Alten pf 18 li .. Chlcaite A Gr West 8?i . . Chi A Or IVest pf 21 14 .. Chi Mil A St P 28i .. Chi M A St P pf... 43 U 5 Chi A Northwestern 7614 .. Chi R I A Pac 43 ?4 .. Chile Copper 22 .. Chlne Copper 28J 2 Clcv Cin Chi A 3 L 74 4 Ceca Cela 71 14 .. Cole Fuel A Iren.. 31 C Celum Oss A Klec. 07 JJ .. Celum Graphophene 414 6 Cemput T.ib Hec... 65 ?4 7 CienkOl. dated Oafl.,119 .. Consel TextilCB.... 11V4 .. Continental Can.... 69 j 4 Cern Products Uef. 10314 3500 2i Cesilrn A (-e 48 2300 .. Crucible Steel 75 14 7500 .. Cuban Am Sugar... 23 Ji 403 .. Cuba Cane Sugar.. 16 . Cuba Cane Sugar pf 35 4 . pivlnen Chemical.. 45 Pincers C Mill Ltd 21 14 3 Delaware A Huilsen124Ji 8 lu Pent (K I) Ce..142Ji n Da Pent 0 "r dfb pi 81 3 Uastman Kodak new 73 14 600 200 600 100 100 200 600 1100 300 2100 500 200 200 800 100 300 1000 4803 6200 100 5400 400 400 100 200 1900 400 100 100 15C0 100 4400 200 200 203 tee 200 100 203 1403 100 100 100 eoe 700 1200 900 1430 200 600 200 200 eoe 200 100 1400 100 100 2800 3 Klec Storage Bat... 34 H 5 Kndlcott-Jehnson .. E0!4 .. Hrle 16 .. TTrle 1st Pf 23 .. Lrle 2d pf 17?i .. Fnlrbanks 17 V 8 Famous Players L. 81 14 8 Famous Players pf. 95 10 Fisher Bedy 117 .. Flsk Rubber 15?i .. Freeport Texas.... 23 .. Cwnera: Asphalt... 6614 8 General Electric. .. .168 .. Goneral Meters.... 14 6 Gen Meters deb CTe 81 14 . Glldilen Oil........ 16 .. Goedrich B F 39 . . Oranby Mining.... 29 14 7 Great Northern pf.. BO' 4 4 Gnat North Ore sub 3914 . Gulf Mobile A North 17 . . Gulf Mobile A N pt 40 Gulf Stntes Steel... 80 H 3 Hony.take Mining. 7014 2 l.udsen M Car 22JR 1 Hupp Motorcar 1915 Hydraulic Steel.... 10H T Hlh.els Central 10714 .. Illinois pf wl 109 . Ind nhema Ref 4J8 lnd'an Refining 9 Inspiration (-en Cep 40 . . lntrr con Cen 1 H Inter Cen Cerp pf 3 Hi 2 Internat Coin Kng. 24 6 Int Harvester new. .10014 .. Int Mer Marine... 18 C ! ' .w r Marine of . . " U .. International Nickel 16)4 .. Invincible Oil Cerp. 15 .. Iren Products 3414 .. Island Oil Ji .. Jenes Bies Tea.... 4114 .. Kansas A Gulf 414 .. Kan Ity Southern 2514 4 Kan City Se Df 56 yi .. K.issir Ce new.... 42 J8 . . Kelly-Spir Tire 47 C Kelsey Wheel 95 .. Kcniucett Copper.. 35 H Keystone T A R... 15 7 Kreage SS '3a .. Lackawan.ia Steel.. 77 114 6814 10914 4914 38 64 4614 40 49 106 26 69 104 86 41J4 133 13 34 112 11714 94 5 18 60 14 36 80 63 58 J, 120)4 14114 13814 16 40J4 87 88 44 5114 10014 90 107 2!4 36H 27 112 49 32 29 74 7514 714 26 23 10914 1 49 13114 44 23 6214 814 139 6 3814 71 6914 67 Vt 10 184 814 21 27 4214 75 4314 21 28 Ji 74 69 31 87V4 414 64 Ji 118 11 !4 68 10214 46 72 23 1614 3514 45 20 124 142J4 81 72), 3414 EO 15 23 ' 17 17 8114 95 116 15H 23 !4 65 168 1414 81 1614 39 291-4 79 ' 3914 17 40 79 7014 22 19 1014 10714 109 414 9 40 1 3 24 10014 18 72 16 1414 33 41 4 25 li 5614 4214 47 95 35 15 138 75 1:80 Net P.M. Chw.S 1514- J4 14 114 .. 68 J4- 14 10914- 54 4914- H 38J4- 64 - J4 46U 114 40 H 52 ' 106 26 '69 104 86 - H ft 114 14 14 114 I 14 V 114 14 Ji 14 14 1 1 'l4 1 14 14 114 14 'x ' V 14 14 14 54 1 4- 4114- 133 13 - 33K- 113 11714 94 - 5H- 19J4 60J4 36 B0K 63 58J4 120 14114- 138 54 16 42 87 -88J4- 44 -5154- 101 90 107 - 214- 36i- 27 - 11414 f 50 -r 74 76 714 27 14 23 10914- 1- 49 13154 45 23 54 62 814 139 -6 30J4 114 71 1 70 .. 21 14 -28 43 -76 43 .. 22 -28J4-74 71 31 87Ti 4 14 -64 Ji 119 1 1 14 6914 103i2 47 75 14 23 14 -1614-3514 45 -20Ji- 124- 142 Ji 81 7314 3414 f 8014 17 17 -82 14 95 117 -15-23-65J4 168 I6I4- 39 -29 li -80 '2 3914 ' 17 - 40 -BO 14 701-4- 22 -19 10 1 07 14 -109 - 414 9 40- 1 - 3- 24 10014- 18 -73 1G -14Ji . 34 14 Ji . 41 li 414 . 25 J-4 -95 -35-15 130 14 li 154 114 14 i'4 Sir. Bales in I BT0CK Hint 100 ,. Laclede Gas of St L 79 1000 .. Lake Erie ft West.. i32 54 1400 314 Lehigh Valley 65 400 7 Lima Locomotive. ..105 100 7 Lima Locomotive pf110 1600 .. Loew'a Inc 15 54 200 12 Lerlllard (Pierre). .15254 200 7 Louisville A Nash.. 131 100 .76 Mclntyre new 15 2700 . . Mall In son Ce 33 1000 .. Manatl Sugar 4814 400 7 Manhat Elev Guar.. 47(4 200 . . Manhat Ele ct 4614 100 6 Mar St Ry pr pf. .. 6014 300 .. Marland Oil 43 600 .. Max Moter Class A 66 ft 500 .. Max Moter Class B 23 5600 12 Mexican Petroleum . 1 64 1500 2 Miami Copper 30 700 1.20 Middle States Cerp.. 13Ji 8400 .. Mldvaie Steel 36 .100 .. Mln A St Loul 1114 1200 .. Me Kan A Tex (wl) 1814 100 . . Me Kan A T (wl) pt 40 600 .. Missouri Pacific... 2214 BOO .. Me Pacific pt 55 2200 .. Montgomery Ward. 2214 100 .. National Acme 1754 100 .. Nat Cen A Cable... 3 1400 .. Nat En A Stamp... 5314 100 6 National Lead 99 2400 . . Nev Cen Copper. ... 1 6 14 5100 5 N Y Central 95 100 6 N T C A St L 7414 5400 . . New Yerk N H ft H 30 14 400 7 Norfolk A Western. 108 300 5 North American.... 64J4 100 .. North American rs 814 500 6 Northern Pacific... 77 100 .. Ohie Bedy ft Blewer 814 200 .. Otis Steel 12 100 2 Owens Bet Mach... 36 100 .. Pacific Devel Cerp.. 6 10700 3 Pacific Oil 5714 7400 6 Pan Amcr Petrel. . 71 2300 6 Pan Amer B 6514 200 .. Panhandle 8 4300 2 Pennsylvania R R. 44J4 2200 .. Penn Seaboard Steel 9 200 .. Peoria & Eastern.. 22 14 3200 .. Pere Marquette. . . . 324 100 6 Pere Marq pf 69 100 3 Philadelphia Ce.... 3814 3700 2 Phllllus Pet 49 100 .. Plercc-Arrew Moter lBJi 400 ,. Pierce Oil 8 900 . . Piggly Wlggly Ster 42 14 100 6 Pitts Ceal pf 96 Ji 1300 .. Pitts A W Vn 37J', 100 114 Pend Creek Ceal... 21 500 6 Pestum Cereal 78 3000 . . Producers A Ref. . . 41 100 8 Pullman Ce 121 .100 .. Punta Alegre Sugar 4814 1700 2 Pure Oil 3014 003.41 Rand Mines 27 600 . Ray Cen Copper... 16 800 4 Reading 7514 100 2 Reading 2d pf 52 1000 .. Replogle Steel 32 5200 .. Repub Iren A Steel 73 100 .. Reynolds Springs... 44 100 3 Reynolds Teb B.... 4614 1 uu 1 iteyneias Teb nr 114 1 1 ! 14 14 14 1 77 1 14 65005.20 Royal Dutch N Y.. 5614 .. St Leuis San Fru... 28 . . St Leuis Southwest 29 .. St L Southwest pf. 4615 . . San Ccc Sugar. ... S .. Seaboard Air Line.. 714 .. Scab Air Line pf... 11 14 . . Sears-Roebuck .... 76 15 .. Seneca Copper .... 12J4 2 .Sinclair Consel 32 .. Sless-Sliellleld 45 7 Sless-Schcllleld pf . . 76 C Southern Pacific... 90 . . Southern Rail 24 . . Southern Rail pr. . . 57 ' 8 Splcer Mfg Ce pf... 89 4 Standard Oil of Cal 106 Jj f Standard Oil of N .1 1 84 7 Stand Oil of N J pfl16(4 !4 Sterling Products. . 5414 3 Stewart Warner Spd 4314 7 Studebaker 132J4 7 SUtdebaker pf 116 .. Sub Beat Cerp.... 8 .. Superior OH 7 . . Sweets Ce of Amer 3 .. Tenn Cep A Cnem.. 10 3 Texas Ce 4714 4 Texas Gulf & Sulph 4514 .. Texas A Pacific... 29 1 Texas A Pae C A O 2814 .. Third Ave 21 14 G Tobacco Products.. 78 7 Tobacco Pred pf. ..106 . . Tel St L A W ctfs B 53 .. Tel StL WpfcfcB. 4914 I .. Transcontinental Oil 154 6 Union Bag A Paper 62 .. Union Oil :... 214 10 Union Pacific 141 4 Union Pacific pf . . . 75 7 Union Tank Car pf107 .. United Alley Steel. 37 !4 .. United Drug 74 .. United iietailhteies. 67 .. U S V I P A Fdy.. 31 ..US Express 7 ..US Feed Products. 7J4 .. U S Heffman Mach 22J4 .. usinil Alcohol.... 56 ..US Realty A Imp.. 60 ..US Rubber '. . U S Smelt A Ref. B V S Steel 7 U S Steel pf 2 Utah Copper .. Utah Inc . . Vnnadlunt Cerp. . .. Va-Car Chemical. VL.-i.l.... ,n an . .. ,UUI, jhu lfc'4 .. Wabash 12 4 .. Wabash pf A 31 7 Western Klec pf. ...109 .. Westein Maryland. 11 .. W Maryland 2a pt 19 14 .. Western Pacific .. . 19 4 WcstlngheuBCEAM,. 59 4 .. Wheeling ALE.... 14 .. Wheeling A L E pf . 2514 4 White. Moter....".. 48 . White Oil Cerp 814 .. White Oil rts 14 .. Wick Spene St Cerp 16 . . Willys Overland.... 814 .. Willys OU'rtand pf. 4314 . . Wilsen A Ce 42 1 Wilsen A Ce pf.... 85 4 Werth Pump & M. 4015 1 Wright Aero 84 700 300 200 2003 103 200 200 103 5300 300 100 1800' 3700 200 103 3000 400 100 500 000 26200 100 200 800 100 400 2500 .200 .900 900 200 700 100 200 200 2300 100 1U0O 2100 600 100 200 800 6600 200 300 100 100 100 200 4000 100 10300 200 1200 100 1300 200 400 1100 1500 200 100 100 500 400 100 100 100 100 200 300 600 200 100 200 400 100 . 6178 .C41 . 99 .122 . 63 V . 17 . 46 3114 Lew 79 3014 6415 10514 110 15 15214 13014 15 32 W 47 54 46 46 6014 42 66 22 160)4 29 54 13 3314 1154 1754 40 2214 53 22 1754 3 52)4 99 1614 94 74J4 29 108 54 64 54 814 75 814 12 36 6 55 7014 6414 8 43 8 2254 32)4 69 3814 48 18J, 8 41 96 J4 37 21 7754 4154 121 4814 29 27 16 74 52 31 70 44 4614 114 5514 27 29 46)4 4 714 1154 7615 12Ji 31 44 76 89 24 57 09 105 162 11614 53 Ji 4315 130(4 116 7J4 6J4 3 1014 46 4514 28 274 -1!4 7814 106 52 49 14 62 2114 14014 75 107 3714 72)4 66 31 6Ji 7Ji 22 Ji 56 6714 61 41 98 121 63)4 17 4415 30 J-4 12 12. 311b 109 11 1915 18 58 14 2515 48 014 !i 15 8J4 43 42 84 40 8K2 1:80 Net P. yt. Cene. 79- 54 3254 2 65 10514- 1 110 15 - 152 54 131 15 33 - 1 14 4854 154 54 1 1 46 46)4-6014-43 66J4 23 162 30 13 3514 154 11)4 18 40 22 54 55 - 22 - 1754- 53 54 99 -1654-9514 108 54 64)4 8 54 77 814 12 36 6 57 71 64- 8 44 9 22 54 32)4 69 -3814-49 18J4- 8 - 37 1 54 1 41 r 77 54- 4154 121 - 4814 30 27 J4-16-7514-r 52 32 73 44 46 54 114 55 55 28 29 -4614-5 714 -1 1 54 -76)4 12J4 -32-45 - 89 114 105 1 182 - 1 J4 11614- 54 53 Ji- V. 4314 13114 116 1014 47 -4514-29 27 54 106 53 V 1 54 14 14 54 1 54 215 " 54 '.54 14 1 14 14 "54 54 54 14 54 154 1 1 49)5 1 1 14 15 62 2214 1 40 14 -75 -107 3714 31 -7 7Ji-22Ji-56 -67 14 61 J, 41 -99 J. 121 H- 63 17 r 45 30 14 -12 1214 .. 31 1: 109 " - I, 1954- 1 18- 15. eajj -14 0 14 1 55 154 '55 'li 14 54 14 54 14 14 1 55 1 !s- 16 8 54 43 -42 85 48 - 854 . FOREIGN EXCHANGE New Yeik, Jul 10. Opening quo tations in foreign exchange this niorti-ine- show francs verv much wenkcr LIVESTOCK QUOTATIONS rillsliureh, July 10 CATTl.i: Hecelpts, 1100 head, higher: str. fl. .105710; heltcra, i7 SOWS. 2h- rewi, JB.neil.2S. HOIJS Upcelpti 7000 lifad, lower hfaWi'n. $11 S0O11. .in; heavv iTYiil Pent erk. 0.1 .ind ulna 11.0S11.75. !m.r.P A.NTJ UASrilS ItecelntB, 3000 with 11 decline of 0 points from Sntur ,i,,vV Mnsi. Siprllnir easier and a heaviness in alt of the list with the j head hlcler: top ehetp. 17 .'.0; tee 'inmbs. exceptions of guilders .Swiss and Swed- CAl.VES-nelpti. 1100 htad. steady, sii cM'iiniiKc. einiuis LOCUST 7270 Dlfrrt frtrpliene lonnrctlen with all TUAU1.NO DEI'I. IN NEW YOltK A. A. Heusman & Ce. Jftm6r New Yerk Ulnek JSzchantm tO Bread Straet New Yeik C. S. PATTON&'COT ID CI I FAT V I 'T UTS. BANKERS Ml nd terki l.eutht nnd hI, mntri rniii, reK Kylnntf. I NEW YORK COFFEE MARKET New Yerk, July 10. -The market opened at a decline ,1 7 te S points, the principal --1!1ik being attributed te the source supposed te have been re- ently getting held of a part of the Itrazlllnn Government valorization cof cef fee. The bujllig was from scattered trade Mpiines, Santes tepm-tul clear- ! allecs of l!t,s.fiO lings, for New Yerk. Mone bags ter Jiestun. 10. .'(HI bags for Raltlmere Victeria cleared IS, 000 hags for New Orlenns. Mld-dn found the cefTfe mniket quiet and with little trading interest either way. September s(,l( ,lt ;)(; nnd December te !l.." 1, or 10 te 11 points net lower. Previous I'lfihe .. (i7-."f?7'l . , li "11 ft in Ti "11 cables were 4,.14'N. demand l.HVs; irnnc cutties -.&:. checks 7.S2; Uelglan cables "..IH. checks 7..VJ; llre cables 4.441-!. checks 4..H; Swiss rabies 111.15. checks 111.12; peseta cables ir,.(12. checks IS, CO: Dan ish cables lil.OO, checks 21.r!; Norway cables KI.4..-J. checks lfUO; Swedish ca bles 25.H0. checks 25. S5 : guilder cables US.S5, checks UK, SO; marks, .lVs- Central nurepean exchanges today were irregular, rinuish nnd Cseche- Hevnkimi exchanges were stronger, top, 11. 1'lttf.burili. July 10. CATTI.n Itflpt, 'COO head HlKher. Slcern Sli miff 10. heif er. J7.509S2.1; cow. 3.."i0(!((l 23 H'iOS Iterelpts, 7D0U head. Lewer. Hf.nleH, Ill.SOOll.nO; heuy jerkcra, UkIu jerrfrrn and n'tfa, $11.11.111 7.'.. HIIKR1' AND I.AMRS IUcelpu .1000 head. HlKher. Tep heep. 17 SO. top lamb, CAI.Vr.S-Receipts. 1150 head Steady. Tep 111. Cincinnati July 10 HOO.S Receipt, MOO head. Ten centn lewer: heavies $11, '.',1; psckerH end butchers. III 2.", heavy fat while practically all the rest of the lUt , S?Y ys,$j ' na """"' "wu.ie; CATTI.K Ilecelptn, 2ine head Aetlve nnd Hieixlv te HtrenKi ntrerK 54. .IOTP. BO .s-eptemfcir Di-rember March May ."'J Ti 1 1 Open li il-.il7.-i li "If Ml li s I U SO a te WIEGNER, HOCKEY SCO Certified Public Accountants ! Vl !&!: U.S. Certificates and Treasury Notes Following are the tlimlnu nraen. Lid nnd anke.l for. In the open nmrk.il for L'n.te'j StMtH ceriitliati-H of fnclebtednehB and note of th different Issues' Int Rum "S'l Dfexel Buildinir. Pkilarlelnfiiii I t'.ivj :e'' r. , t,, . t IMt, Mih , t'.'tS Junu 4 June. ..: i m Stockwell ' ammo mix Wikca& cceuNTAm m-MM 1 Lu4TiH.M4.,Plle il.nurlnu . t""r. I'M Ahil Yield Auii 11122 Ifie.'i.T.' ion n-111 a nn 1D22 UM) 3 li; Hill', ;, T l'jj'j . 100 s-iD liiev, a 07 1022 Inn ion ;i-32 3 1 ii22 100 100 a.:u a, 25 11122 10(1 13. 12 100 17 H2 3 23 IIP.'.'! 1011 13-3' 1O0 17-3' 3 It lilS'l 100 1-32 10(13-32 3.01 lii'.'t 102 l.-.-ie mi 1.1 11 1 nn 10 13-10 102 IS.ll) 4,09 101 7.10 lilt (l-lll -1.13 Hlj 1IMIH 4.13 101 13.10 102 1.10 4.14 Iti'vamn, fm. L'i.l..ul .hb.a. . .-. .,... ..win .,,.., MviiHw inevmum in, TAccepiau le for payment of Income tex dun showed weakness. Itiimnnlan, .51; l'.ul (-lit luu. .74: Aiistimn. .0017; Hiinirar Inn. .Os.5; Polish, JKI2; .Tuge-Slipvlan, .:;0i: CV.echo-Sleoklan. 2.30; Serb- Ian. 1.21: Oeek, ."..00: Finnlsli. 2.25. Montreal The rate of premium here todey en cent. T Yerk today 1 5-10 per cent KATCUDAY'H 1'f.OSINO QUOTATIONS Sterling I'rnnca I.lrn Qullders Demand . ... 4 ll'-i 7.S4 4.12 31.83 Cabin. .. I 4t 7 S4V4 4 42a 3S.SS TODAY'!! OI'U.NINd QUOTATIONS Klerllni; l-'mnca I.Ira Oullden Demand Cabled helfera. llnrn.r.O. cows. IL' 7.111 II 2.1 Calc, MWIV. 4W10. KHRHI' -Receipts, Iftne head Steady 12 &.nO. I.ambs. Btendy; 1 1 13.75. of co; ler MONEY-LENDING RAtpc NKW YOltK Meney en mil t,,t ., nnatera opened tednv i., Vi. """" lendlnB ami rcne"ne? ' 4h "" ""' I'HIUIDEI.PIIIA Call iL ,, DIVIDENDS DECLARED United DruB Cempnny. recular nuirteriv fi,'4c en llret preferred, pnvab e Au25 1 te eteelj of rrrerd July 11 aubusi 1 BAR SILVER v.;'.. '"''' Jul' 1" Commercial Ur alt. Ku n7nVcu.nc' d?cirnae,cui'0:cc. uAk l4ndan, July 10. H,ir sn4(,r lower heie today at 31Ti d. r was Hd Raw Sugar Market iii" law djaar mar. Vnw Yuri. Tnlw in ill 1110 rate et premium ncre 1 jjuiTale N New Yerk funds was 1 perireipta, iii.ie 'he rate of discount in New 'i-l'Jl, iley en Canadian funds wns sn'i.iwue.'i.i! t 111 4 41 S2 7. S3 4.14 4 44'j 3S.S0 38. S.I t4i Jlch., 102(1 '&i Bept., 1U24 t'4i Mih., 1H2.1 t4 Dec 11)2.1 74 E Al Ceal Production Falls Off tVnkhlnittiint July 10. Acceidlnu te the Onn'eitn il Hurvey, Ihe prnduellen of rnal durlnif thn fourteenth week of Hie HlrlUe wan Interrupted by the Independence Day holiday The total eutpJt of bltumlneun coal will probably fall between 3,.10n,neil and 4 niHi.OOO tenii and een the everime pioducllen per werklnir dav will ahew a decreiee. I'roduMlen of unthraclle remulnii virtually itri. Complain return" for the thirteenth week Indicate an output of .1,207,00(1 . tern, et bltumlneua coal and 2A.O0O tens et aninr cite, niakln a total of 3,232.000 tena of al '. niakln a total of 5,23j,0H0 tena of TliiiYale. N. Y July 10 CATTLE Re head: Koeri. ury red ntrnnir uraasera, ateady: uhlpplnn ateera, nuienerH, waieii! vearllnKa. helfern l.l.nnfts.nni rnu 12.10W0.S0' but". !3.S0 5Tri r.O, atickera and leeqers. n.r,iiiru,iu; irean cow a ana aprlnir era JRIWlln CAI.vna Receipt", 1700 head, 11 higher, f.iwt'j.se. 1IOOS Receipts. Sfine he;.d' 10c te 1.1c hlaher nn llthtl ether bhadee lower. Heavy. Ill 21TU BO! mleil. ll .1011.7.l! vnrk er. Ileht yerltera "i"'l plus H1.7.1eT13, reiiphs SO; atnera. Sl'fffl. SHUKP AND KAMI1H Receipts. 1400 head; lambs SOe lower lamba, 1HM14VI: yearllnsa. IS011: wctherx. 17.505(7.7.1' ewc, 127; mixed ahep. I7W7.25, BANK CLEARING8 Rank clearings today, compared with cor cer cor reipendlnu dav laat two years: 1022 1021 1050 Phlla .. IflS.nen.fiOO tOO.OOO.OOO ITS, .17(1,520 Bosten .. 43,000,000 Sugar Price Advance New Yerk. July 10. American bugar R. vnceu rriiiinq auvar, an Company waa previously flnln Company advanced rellned augar, all .nue. cradea. te 8 set centlmim Meadv wi C ib.iH for liilv ;hlpm.nt nueted at 3 7.H1" coat and frelaht for larger ahlpment at 3',,r, Salea en Kit day juit reported Include UTnoehaa."..' Kir AUIfllkt lihllilnctit .. ei,l ..--..,. frelsht. 3000 tens Cubv rromatere . 'HLOIc S" r P 1: 8800 ba.:aCubs from ato?e at .1.05c duty paid, all te local rellnera: 50(1(1 i,K3 j-nrie iiicea Impert ut 5c. and 7500 tena IHilllpplneH. due at .10 c. I. i.. nlae te local rffi LOCAL SHARES PUT F UP STRONG RON! Proposed Meney Pest Likely te Breaden Operations in Heme Issues While prices were Irrgculnr nnd In clined te droop the most of the local stock put up n fnlrlv strong front considering the surrounding rest, min ing nnd unsettling Influences. There was, however, n marked contraction In the volume of dealings as the greater part of the transactions In the purely local list wag made up of small odd lets. An extension in the dealings in the se-called New Yerk stocks helped te offset the curtailed operations In the local division nnd thn market had a broader nspect than It really enjoyed. Without this adjunct the trading would have been painfully flat. The heaviness of Pennsylvania Rail read en the strike news had a dampen ing effect upon speculative activity, with that stock shading under 44. If recent rcnerts were correct of the agreement renched between the manage ment nnd the empleyes it is difficult te understand hdv this particular system would be nffectcd by any extension of strike among the rati workers. As a group the utility shares held up better perhatu than any ethers. 1. It. T. yielded Vi en smnll sales, but U. G. I nnd the Philadelphia Electric issues ruler firm. American Stores ran Inte moderate fresh selling nnd reacted a point te 120',. Lake Superior ap peared te have support at 10. Electric Storage Uattery moved up te 44V6 en light dealing. nnd wns one of the few net affected by the irregularity en the big beard. Small sales of Huntington & Ilread Tep preferred carried that stock down 3 points from the previous sale te 15. A rent deal of interest was mani fested in the report of a money pest being instituted en the local exchange. This would net only be a great benefit te the local brokers but would aUt tend te breaden'interest and trading in the local shares. The new official per sonnel of the local Institutions are leav ing no stones unturned that will tend te broaden the operations nnd the latest step is an illustral enf the wide-awake policy. Philadelphia Stocks 1 :1B . Net High tow P. M." chge. 315 Am Strs.,121 120, 120j 1 200tAm Sugar 8094 80 " SO-f oetu .u&str pref.... 42 lOOfCoce Cela 71 lOfdibn Cane Sugar .. 10y 40 Elec Ster. 44 lOOtt'lsk Hub. 15V. 5 Gen Asph. 05 IKHfJen Mfra 143i fit de C p c db SI 01 01 1 )5 iuu mint u Tep pf... 15 7 In Ce N A 87 420 Lake Sup. 10 lUT'l? -iy pref ....117't llT'i 117 422 71 lWt 441j 15 Vj 05 14 15 ?5 42,-l 71 1 10-74 44-J- 15Vj 05 14 15 - ?e -1 nMn A T-i miw mnti miwJ , m .UTi'nn-A ret mvs in1, (U'fc-r 's OOSPcnnnRH 44 43 44 , 10 Pennn Salt 73i2 7314 73.. 25 1'hlla Ins Wire.... 3ft 35 30 217 Phlln Elec 20a 20 20j-V 145 de pref.. 30 30 30 .. 353 Phlln II T 33 33 33 10 Heading,. 74 74 74 1 lOtStudcbkr.132 132 132 150 UG I.... 52 52 52 .. 5 de prcf . . 54 54 54 . . 75 W .Ter&S. 37 37 37 1 50 Yerk II pf 37 37 37 . . tNet change made by comparison with last sale en New Yerk Stock Exchange. rilllUlKLrillA IIONDS 3000 Liberty 1st 4h '47. . . 2300 Liberty 2d 4s '42... 1100 Liberty 3d 4s '28... 20000 Liberty 3d 4s '2S... 21350 Liberty 4th 4s '38.. 1000 Kaldwin Locomotive 5s 2000 Electric & Pee Tr 4s. . 1G00 Phlln Electric 1st 5s.. 13000 Phlln Electric 1st 5s.. 500 Phlln Electric 1st 5s.. 5000 Phlln Electric 5s.... 1000 Phlln Electric 5.h... 10000 Phtln Electric Ob 100,22 100.14 100.111 100.14 100.20 102 07'-4 00 00 100 00 100 103 Paris Bourse Easy Pari. July 10. rrlccs were easy en the Reurac today. Threj per tent rentes. BHf. K.clianBi en Londen, Ofif 05c. Five per cent lean. 75f 20c. The dollar was quoted at 12f HOC CHURCH FLAGS BANNED S -.1), - MfiWWlY-tfli &.1 . M ,M ., s, 4,1 1 11 1 1 1 1.1 i. International Acceptance Bank INCORPORATED APRIL, 1921 31 PiNE STREET, NEW YORK PAUL M. WARBURG Chairman F. ABBOT GOODHUE Preildant DANIEL O.WINO ViceCbalraM Statement of Condition, June 30, 1922 RESOURCES Stockholders' Liability for Uncalled Subscriptions . $5,000,000.00 Cash en Hand and Due from Banks Acceptances of Other Banks . . Leans and Discounts ' . . . U. S. Government Securities . . Other Bends and Securities . . . Customers' Liability for Acceptances (less Anticipations) Customers' Liability UndcrLetters of Credit Furniture and Fixtures t . Accrued Interest Receivable and Other Assets ..... Total . LIABILITIES Capital and Surplus Fully Subscribed $15,250,000.00 Capital Paid In Undivided Profits Due te Banks and Customers . . . Acceptances Outstanding . . . Letters of Credit . . . . Reserve for Taxes, Unearned Discount and Other Liabilities . Total . Contingent Liability Account of Endorsed $ 5,661,461.26 1,778,193.62 2,451,591.05 10,940,386.67 4,451,380.66 18,465,007.57 5,808,049.86 LOO 230,549.39 $49,786,620,08 $10,250,000.00 670,870.68 13,012,294.33 20,076,275.60 5,808,049:86 69,129.61 $49,786,620.08 Acceptances, Foreign Bills, Etc., Sold $7,307,168.61 Acceptance Credits in Dollars and Foreign Currencies. International Financial Transactions. Foreign Exchange. Foreign Securities. Meney Transfers. Collections. Bullion. Te the Stockholders of Manhattan Railway Company ) Upwards of sixty per cent, of the outstanding shares of stock i of MANHATTAN RAILWAY COMPANY have been deposited t, or are pledged for deposit under the Plan of Readjustment. practical unanimity of action, however, is necessary and unless the holders of substantially all of the undepesitcd Stock co- ' operate in putting through the Plan by depositing their stock thereunder, the Plan will fail and a Receivership wilt become inevitable. , It remains for every holder of undepesited Manhattan Rail way stock te decide whether te forego the advantages of the Plan of Readjustment and te embark upon the responsibilities, risks and expense consequent upon a rejection of the Plan. Nen- ' action, by any stockholder is equivalent te a vote for rejection, inasmuch as a positive assent through a deposit of stock will be needed te make the Plan effective. At the request of a number of stockholders absent from the country, the Committee lias extcnueci te ana including jul.i e, i9r-anc tune witnin which further deposits may be made. We cannot urge Upen you tee strongly the great importance, in your own interest, of depositing your stock at once with The Equitable Trust Company of New Yerk, 37 Wall Street, New Yerk City. Dated: New Yerk, July 6, 1922. MANHATTAN RAILWAY COMPANY STOCKHOLDERS PROTECTIVE COMMITTEE. LYMAN ItHOADES, Secretary, 37 Wall Street, New Yerk. MURRAY, PRENTICE & ALDR1CH, Counsel, 37 Wall Street, New Yerk. THE EQU1TADLE TRUST COMPANY OF NEW YORK, Depositary, 37 Wall Street, New Yerk. ALVIN W. KRECH. Chairman, LEWIS L. CLARKE, BERTRAM CUTLER, ALFRED SKITT. FREDERICK STRAUSS. THOMAS H. WEST, JR. local rellnera; 50IO i c. i, f., rumit in ecal rffliiera. An "V 5 "',.' h.prnt' IftVR I). Arr VII II (in KVMnv nn..,n.l r.n pany, r.S.OOO. hae te the American; 811.000 rKBIV,c.u,,a-'4,ttna as.oeo.baua Philippine; te the National Huuar Iteflnlnu Company Anart from an advance of Se pelnta In all uradea et refined auxara te il.ftOe lean 2 Jr rent for caah by the American Huaar lie flnlrj: Company, the local refined market remalna unchansed, the range new belni 0.500 te tl.OOe leaa 2 per cent for cash. Lake Erie and Western Merger waanincinn, July . ie. rue New nUIIIIMHI. dUl .v..iiq new Yerk C.Mr Lint and Ht. Le'jla Rallrenrf iml.u ai.j Ita formal application with tha Interstate Commerce Comrr.lssten ler rermlarlen te tnk. control of th LKa Krle and Wirn. The nn "Radical British Vicar Must Remove Red and Sinn Fein Emblems Londen, July 10. Red nnd Sinn Fein flaRK, which the radical Vicar of Thaxted has used ns decoration In his church since 1010, have heert ordered removed by the consistory court, thus Fettling n dlfpule which eaif-ed several raids en the edifice and split the little congre gation for Mx yini". The Court decided that the action of the Rev. Cenrad Neel in displaying the emblems of beMievism nnd the IrMi republic formed a "definite focus" and canted disorder In the church. The vIcar'H defense was that the red flei; symbolized net bolshevisin. but the Commonwealth of Nations, nnd nt the close of the trial, when asked if he would display the Union .Inch In his church, he snld: "Decidedly net." NEW CHURCH DEDICATED Atco Presbyterians Alee Expect a New Paster Next Sunday Atco, N. !., .Tilly 10. The conKrcj;a cenKrcj;a conKrcj;a tien of the First Presbyterian Church yesterday dedicated their new edifice. A number of visiting ministers took part nnd last night there was n talk bv Jehn Sproule, former State president 'of the Christian Endeavor Society. The new church is of itethic style of architecture nnd has n big Sunday school-room nnd space for the social activities of the yeuns folks. Next Sunday nfternoen the Installa tion and ordination ceremonies of the new pnster, Rev. Raymond E. Muthnrd, a grndunte- of Princeton Seminary class of this jenr, will be held. The exercises will be in hnr,. of Rev. Rebert Macnrldc. of Colllngs Celllngs Colllngs weod, moderator of the Wcbt Jersey Presbytery. BRITAIN OUSTS ARABS Delegation Ordered te Leave Lon Len Lon eon After Objecting te Mandate Ixmden, July 10. The Times nn nn neunces that the Arab delegation, which Iiiih been in Londen sluee last August, Iieh been ordered te return te Pales tine. This action, according te the news paper, comes uftcr the delegation in in fertped the Urltlsh Government nnd the Leagfte of Nntlens that the Arab In habitants of Palestine were net In favor of the Urltlsh mandate. A IIUNOER FOR KNotvi.Knei: A review of Inn ?...,... ..Vur' America baa ever : known? .ivlth half ?,r lien veunrr Amerien. ..t.,Ll' .""v1 a. mil. announcement of th plan was made some "LVP.'iiS'cnilereh?,',1 fjft'ffil KVtSfffflJMU ."SRI In le Alriffiiii New Orleans Railway and Light Company NOTICE TO OWNERS na dup,,,. . ...,. '; nni ca vcEnPER CENTUM GOLD BONDS OF NEW Trt niX.T luyyAX AND LIGHT COMPANY AND I2dS?D.!,0LDERS UNDER tHE BONDHOLDERS AGREEMENT BEARING DATE JANUARY 21, 1919 Agreeme'nTda.cd January V' Aft,cteSKlh, of tha Bondholder.' the Committee netRJi? y,J.h. 1919. netlce hereby given that approve and adorned nn,?dir B2?h, Sfement, hna prepared. Pennsylvania Cemminv ?- ' Ulea wlth ,he DepfsltSry. Th. Annuities Ne 617 P Phn.m, Ic?urni10yt en Wv " a?antlng a plan ana nwelfnent ft. J n,rI.eieV..Ph"5,,0.,Phlit Pennsylvania, and Light Cempanj" reorganization of New drlcan. Railway and Us wmrund.Cr"rt,raS fenddSS?Ster,a.S,ie,1 by " Pe,B,,"y uary 21. I9ia. nre hnrihv i.ii , ?.eltlers .Agreement dated Jan- Depositary Written r?otle S?tl,1e,r-,,l.a.t unless ,he' ''le w,th the agreement for reS?jrmnztt.ieSf JAf ?,,S0Pt from 8ld P'an nna 26, 1922 the date of thfln.iwthlrL,t,venty 2 days after June the dates and numbed A thLn8SrU'?J of tnls netlce- PI'V"" them, they shHll be ceSclu.lvelv diHl et deposit held by pan and agreement of T,n,WL. dc.fmed S have assented te such the t?.nSKlTr2tl?,onTtKef,ton and eha"'be b0Und bjr a" the "amedhw!thVeCommfttS,d7es,led thel- mwA deposit rnent mid the Tsald lan anS0.UnUer the Bald Bondholder.' Agree before Auiu5tl 1022 flflagre,em "' for reorganization en or received. ,K& Va Jh.2d.,cronWe1fCodactomn1tdeeOOB,t8 ' OneiiaB K. IlEILLY, CUulrmani JOH.N 8. MJWUOLU, GEOROK A. COLSTON, AIITIIUK V MORTON. LYNN II. IUNKIND, Secretary te the Committed Committee. WALTER 11. RERO, 317 Chestnut Street, Philadelphia, ra. Counsel te the Commit teet UULKMAN. MENKEN ft QRIHCOU. 6 William Street. ". New YerU City, N. Y. Dated Philadelphia, Pa,, June 26, 1922. MAIN & COMPANY ACCOUNTANTS AND AUDITORS ANNOUNCE THE OPENING OF OFFICES AT DREXEL BUILDING PHILADELPHIA, PA. PITTSBURGH JULY 1, 1922. HARRI8BURQ NEW YORK PHONE, LO'MiABD 1 rwim en date of maturity. lime aae. I I MU J.KI'CJCH I l-ilake it u Hablt."j,i,'"" 1 I . , -., ) ) 1 . .. ' I tr. jte&lpjk s A 1 ' .- . m&.j,&:z rt$k!$iJ&Zia ': cea withdrawn at V :ec
Significant historical Pennsylvania newspapers