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IWWOT
IPP1
ar.ff if sTwjfw
,? P'JfftTJtf A',nr fe t 1
.xvii" i '
VY J ) j
:!f -20'
EVENING PUBLIC LEDGER FHIlEa-ttbNDA':' 17, lft&
-1.
T7fp-AW"'7
PMI!KW?i!
. l
- '.;;": v$rV t " &v
i.
Ift ' ft
k'AK
haw
I,
IV
fa
if
I
102
m
m
I
P."s
i
V
4'
Housten Gas
and Fuel Ce.
Rf.' & Imp. 5 Bends
Due Sept. 1, 1932
A first mortgage en all
the property of the
Company. Net earn
ings ever Vi times in
terest charges. .
Price 92y2 & Interest
Yielding about 6
A circular describing the
above, together with our
July Bend Circular, will be
sent upon request (or F-ll.
Harris, Ferbes & Ce
Pine St., Cor. William
NEW YORK
PHILADELPHIA OFFICE
Widcncr Bldg.
Telephone Spruce 7040
MARKET WITHOU
T
SETTLED TREND
Week - End Developments
Ceal and Rail Strikes Pro
moted Caution
in
id muiirniin! irraiiraiaiBJiinraiimiEiraininiiii'iin um
ESTABLISHED 1865
BIOREN & CO.
BANKERS
110 Chestnut St., Philadelphia
Government,
Municipal, Railroad
and Corporation
Securities
Member yew Yerk and
Fhilatliltilihi Stock Exchanges
New Yerli, .Inly 17. TeilnjN stork
market continued tn drift In the "iinn1
niinlpsi fnUilim mwl vWMn tin miiiip
1 narrow trading area n observed in most I
et tlic m-ent priTcilliiR sessions, it
vvns strictly 11 ttmllng nfTnlr with flushes
I of vtrciiRtli nnd lienviiu-ss iircerillne te
1 the ttrevnlllni: whims of the nrefes-
Iniiiil element. Seme early 'elllnc J
originated from interior sources, but 1
1 coiiiinlsiien houses reported little out
1 "lde iiitore-t. At the outlet the main
1 body of stocks showed 11 ilewnwaid
ti elid. The recessions were net followed
In any fre-h liquidation; en the eon een
trnrj, the list n a whole showed 0.
tendency toward dullness en the de
clines. This prompted covering of the
p.uller sellers around midday, but en
the tally th nme inertia followed as
was the case of the early declines.
Over the wiek-etid news was of a
(liaracter te supply a lilt of a tet of the
market nerve. llt-fii-al of t lie coal min
ers te accede te President HardiiiR's
d(sin for settlement of the prolonged
stiiUi. si cms m have lireuelit matters
pietty close te a definite showdown, i
The railroad strike developments ever
1 Sunday, while cohtlletltiR, did net offer
much encouragement for an Immediate
' settlement of that contreeisy. men
ij was, liuwevcr. nppnrently n general
g disposition te suspMid judgment ajid
. mark time until further steps toward
m settling the rail and coal strike problems
SI were miule. Seme were of the opinion
gf tin? worst snie of t lie miliead labor
S situation had im-n discounted. Such n
jg view was entei tallied l a limited few
M and fuithermere tlu ree lit cemse of
1 the rail shai.s hiudlv continued this
stieti hiiig of the point,
gj In i iijiiih tieu with the labor trou treu
li bles iinueuni ement was made of fur
H 1 her mt in crude oil pi Ices. Most of
the luld-ientiiieiu piiiducers ale fol fel
J lowing the Standard Oil of t'.illfeinla
3 cuts, which action, however, was a
j 1 toregene conclusion in Mew of the In
9 i'taMiiR tcstlmenj of the eer-pruduc-S
'lien of 1 rude. I'ach and all these mnt
S ters, while Mipiiljini: plntiiible excuses
Ja for the backing and tilling process of
gj 1 the list, as a matter of fact the govern gevern
Slng lnliueiice was te be found In the
fi; I jockeying of the professional trading
g 1 lenient.
32 , While the oils centinuisl te be of-
ir'iniim"i.FraniriwnHim,rarerL f,,r,,ii -11" fmtiier mt" in ciwi.-. the
eiiiupmenis weie pilsni'ii n rwaiu en
" i t lui fbnnrv idol till. -r tt If nf thn mil- '
It..' , ...... ...- ..... v. ..... . ..
'vvu.v shepmen would incie.ise the opera
tions of these concerns b.v reason of
,the necessitj of the railroads sending
I their equipment for necessary and im-
' Iterative lepairs. After early wob
bling the equipments anil some of the
1 independent steels were, bid up one te
two points. Ualdwin and llaldwin nnd
, ( 'rucible moved Inte new high ground
for the year The rails were Irregular
Sumatra Tobacco was the heaviest of
the specialties.
MqHaii Petroleum was the feature
of the mid-scsslen. rising ." points from
, its low of tin- morning. American Car,
Ameilcau fan. Studebnker. Haldvvlii
and American Locomotives and Se.irs Se.irs
Keebuek icgisteti'd gains of 1 te -'
. point. Union 1'aclllc. Atihi-eit and
Heek Island strengthened with a further
I gain for Canadian 1'acltic.
' Coca-Cela, Harvester and AVestlng-
heiise were added te the strong ..tucks
let the later period, but domestic oils
and miscellaneous shares developed
I heaviness.
I Dialings tn bends during the iirsf
'half of the esnn were light, but
.most! at gains ever last week's final'
' prii os. Liberties held linn; Trench
municipals were fractionally better and
Iielglau !ev eminent vs aKe improved
with Cepenh.igi'ii ."'os. but the two
classes of Mexli.in lievfnimcnt e- were
heavy. Moderate gains were made b
.!! genei.il 7s of l'.iHO. Consolidated
. Ujs 7, Central Leather e and Armour
I l'..s. lJaltlmere and Ohie -Is and
American Telephone convertible lis
1 used en small offerings and si.eral of
the secondary utilities also were
1 slightl lower.
S'ijvv hiuh records fei I.lhertv second
I l'4s at lnu 71 am! teurtn 4'ts at
lull 111 weie seeieil in the latei bend
I duilings Mi'Minn issues l.eiann' heav-
n r. Iiiwi'vir. tin- ."s showing a les of
1 ' points and the Is 1 1 points
m
Tsk ?.'''
WHOLESALERS
Bankers and investment
houses arc invited te use
our service when desiring
te buy or sell any Govern
ment Leans.
"A Natien-Wide Market"
COMMERCIAL
TRUST COMPANY
Member Federal Reserve System
City Hall Square
A Leng-Term
Hydro-Electric
Bend
Te Net 6.38
Penna. Tax Refunded
Baker, Yeung & Company
JOSOMI W. sWAlX, .Ir.. Mjnatrr
Land Title Bldg.
Botten
Philadelphia
R. A. M. & Ce.-
We Offer
A List of Selected
Seasoned Bends
Yielding 4.70 te 6.407c
Lilt Upen Request
Reed A. Morgan & Ce.
M-" ' ' I - I-x h
1Ve' hnd T of IS 'Itj , PI, la
Irlriiliunt spruce j3I
FOREIGN EXCHANGE
New Yerk. July 17 The foreign
' evcliange market opened easier this
morning, sterling "s of a cent down,
1 fruncs, I points; lire, ,'i points; guild
ers, 7 points; Denmntk, 10 points, and
the rest of the list about even with
Saturd.i.v ' close. The disordered finan
1 l:il lendltiuns of (iermnny had no ma
1 ter .il I'tTut apparintlv upon mark
evh.mgp.
In the trading of the mid-afternoon,
fumes and lire n iilliuiul te rally, while
sterling became slightlv easier r.nd
niaiki receded frni tienullv . tiuildcrs
leinaineil steady. Traders reported the
volume of business erv small. Sterl
ing (iiulei ih'j, iiemaml 4,-li'j;
1 ables S U-s , he ks S
271
i'
liri'
NEW YORK STOCK EXCHANGE TRANSACTIONS
Only Afternoon Repert in Philadelphia Quoting Full Lilt
9
12
I1.'
Dl.
SateK la I
100 ..
200
203
tee
1403
103
6300
100
603
100
500
200
15700
700
100
100
200
100
100
600
100
300
100
4700
100
100
2403
1100
100
1500
100
200
300
1100
100
200
600
100
400
100
600
600
1300
600
200
2200
400
1000
800
500'
1600
100
400
26503
0200
203
100
100
? 300
400
1200
900
200
200
400
200
300
100
100
2000
200
400
200
700
100
2600
400
1000
100
200
400
400
600
700
100
100
100
200
200
3100
1600
600
3030
300
100
100
3300
100
100
100
4600
200
100
; 100
800
I 3100
103
400
7600
900
1200
500
200
STOCK llluhi
. Advance ttumely... 18
3 Advance Rumely pf 48 Hi
4 Air Heductlen .... 53 Kj
. AJax Rubber 15
4 Allied Chem ft Dye 68
1 Aiuea en & cye pf!09
.Ulls-C'halmeri 5514
7 Allls-Chalinera pf. . 9814
. . Am Agrlc. Chem... 38J's
. . Am Agrle Chem pf 63
. Am Beet Sugar.... 44 1
4 Am B Shee Fdy new 61
Am ran 57H
12 Am Car & Fdy....168?
. . Am Cotten Oil 27
. Am HruK Syn 514
8 Am Kxprcd's 132
. . Am Hlde & Leather 14
. Am III1I0 & Leath pf 70 .
7 Am Ice Q
6 Am lee t)f 90
1 Am La France Eng 12J4
.. Am I.lnnccd 34
fi Am Locomotive. .. .116 JJ
7 Am Loce pf 117
4 Am Radiator 94 '4
.. Am Safety Razor.. 6?i
Am Ship & Cem... 20 14
. . Am Smelt 61 J4
3 Atn Steel Foundries 37 '4
7 Am Steel Fdys pf . . 99H
. Am Sugar Ref 78 V
Am Sumatra 38
Am Tel & Tel 121
Am Tob.icce B .... 1 39
Am Tobacco 142
. . Am WatrwKs 67. pt 43
Am Watnvks 7 pf 87 '4
7 Am Woolen 90 H
. . Am Writ Paper pf. 31
.. Am Zinc Ld & Sme.lt 18 H
.. Am Zinc Ld & S pf 44H
.. Anaconda Copper... 52H
.. Ann Arber pf 40
J Asse Dry Goods... 521
6 Atch Tep & San FelOI
B Atch Tep & S F pf 904
. . Atlan Bir & Atlantic 3 U
7 Atlantic CeaBt L!ne108!4
. . Atlantic Fruit 2H
.. Atl Oulf ft W I S S 378
12 .Atlas rewder 130
.. Aunstln Xlchels ... 27
7 Baldwin Locemotlvc121 J4
. . Baltimore & Ohie... 52
4 Baltl ft Ohie pf.... 61 '
.. Burnett Leather... 58
.. Bnrndall Class A.. 32
. . Barnsd.ill Clasp 3. 28
.. Batepllas Mining... 1
.. Btechnut Packing.. 35J4
5 Beth Steel B 76 V
7 Beth Steel 77 pf.. -97 V4
.. Beeth Fisheries.... 8J4
. Brit Em Steel 2d pf 31
8 Brooklyn Edisen. . .108 !4
.. Bklyn Rapid Transit 25 U
. . Bltlyn R T ctfs of db 2214
7 Bush Term Bid pf 93 V
.. Butte Cep & Zinc. 6Ji
.. Butte ft Sup Cep.. 28 Ja
.. Cadde Cen O ft R.. 1 1 V6
6 California Packing. 78 i
. Ca Ifernta Petrel... 61 H
7 California Pet pf . 96
.. Cal Z'nc & Lad.. 8
2 Calumet & Arizona 60'
10 Canadian Paclrtc. ..14054
7 Case J I 1st pf 85
.. Central Leather.... 394
. . Cerre-de-Pacco .... 36 ?i
6 Chandler Meters... 70
4 Chesapeake & Ohie. 68 J8
.. Chicago & Alten.... 11
,. Chicago & Alten pf 18J4
.. Chi & E 111 (new) 36
.. Chi & E 111 (new) p 5514
.. Chicago & Gr West 8J4
.. Chi & Gr West pi 20
.. Chi Mil fc St P . . 28
.. Chi Mil & St P pf 44'4
5 Chi ft Northwestern 77
444
' hi 11 I ft Pac
5 Chi R I A: Pac fl'-p pt 82
r Chi HI & Pac 7 Pf 94 W
5 Chi St P M ft O.. 67
. Chile CieppT 22 a;
. Chlne Copper. .. . 29 2
2 Clev Cln Chi ft S L 76 '2
5 Clev Cln C ft S L pf 96
4 Ceca Cela 72 jb
. Cole Fuel ft Iren.. 30
3 Cel ft Southern.... 48
4 Colerado & Se 1st pf 61 V2
Celum Clas Elec . 89 ?.
. Celum Graphophene 4j
0 Cemput Tab Rec... 65 V
. Consel Pis Ins ... 'i
7 Consolidated f!.-v9..125
. C onsel Text IMS. . . 1 1 ' i
. Continental Can.... 70 '4
4 f"ern Products Ret. 104 H
7 Cern Pred Ref pf 117
21100 2i Cesdrn ft "e 448
400 7 '""esden & Ce pf . .95
12800 .. Crucible Steel. ... 79 "4
100 . Cuban Am Sugar... 23 ' 4
T Cuba Am Sugar pf 91
. Cuba i'ane Suuar . 16
Tiavwen Chemical . 45 Vi
3 Delaware ft Hudsen121i4
fi lvl Lack ft West 127 '2
2 I'emi Mines 30 Vi
8 M'1 Pint (i: I) Ce .139JS
Eastman Kodak new73Ji
Pittiburih Rulwijr Ce. Gen. 5i, due 1953
Scrknten Rwjr. Ce. lit Ref, 5i, due 1947
Indianapolis North. Trac. 5s, due 1932
Lexiniten Utilities Ce. 61, due 1929
Pub. Serv. Cerp. of N. J. Perpet. Ctfs.
American Pipe & Cen. Ce. 6s, due 1922
Indianapolis Water Works Sec. Pfd.Steck
Terre Haute, Ind. & East.Tr.Cem. & Pfd.
Jehn B. Stetson Ce, Cem. Stock
SAMUEL K. PHILLIPS & CO. i
J
Members riilliidrlnlilu Slink I i li.inirn '
.viit M r.v -vi r tim'l".
..... .... ... . .......,4
twin
cables ! ."7. chei k- l.efi1..; guilder
1 ibles list's, iheiks ,''N.7;i ; murks
-'1-,.
Theie was very little chance noted In
tlii t.ite Cintnl Kiirepeau exchanges.
Itumanl.i, ."1: I'.ulg.ni.in, .71; Cnhe.
.sslnviikian. '-'-" Jsiibln, 1 h; .lugo .luge
lnvin, .'-".i'j, 1'iniiMi ''l."i; Austiinn,
W.',ti lliiiiguil.in, " 7 " t : Polish. .OUls,.
Montreal The rate of premium en I
Nmv Yerk funds lure today was 1 1-llj
per cent The rate of discount en Can- 1
idi in funds in New Yerk wus 11-ll'J,
per cent.
sATt'KD.V.r'S rivsiNfj Qt'OTATION I
S'.rlnrf I runci I.ire nul.'ri
I n ind . . -1 44, s .'7 4 '7 lis 7'
1 .. . I 44'3 27'i 4 .',7H U 77
Tf'PW.s OPEM.NVJ QfOTATIONH
hicrllnf Prnnc I.lri fiullcim
4 4'. :i', i ,',14 us 73
4 4'JV, S '."VI, 4 -l ;t 7,
(.l.flst.SM Qt.'OTATIO.V-j
Merlini; i'rirn.a T.tn rjuil lrn
.... 4 IIV, S .11 1 r,s , 7L.
4 4 IS s .'(W t.-,'", ;ii. 77
'THd'. 1
cm ir 1
all'H .
Bends for Investment
Liberty Bends Bought,
Sold, Cashed
F. P. R1ST1NE& COMPANY
Eitnlillktiril 007
Widcncr Building, Philadelphia
New Yetk Elizabeth, N. J.
Ueiuuem New Yerk unit 1'lilluUtlehla
Hteck Kxthiiugea
1
th
Paris Bourse Quiet
J11H 17 Trmllni.' vk.ib quint m
today. Thrie wr rent r.TiteH
ri' s, , , muneH txcnirn:.. r.n I.in'l.n,
I frunn SJ n 1 1 in ? H ." ! ennt lenn 71
inM eii centlind. Thu dullar mim 'juae U
1J trun.b 114 wnilmM
Pari
I'OUl
Londen Metal Market
I onilen, Julv 17 Stamlnrd rnpii.r spot
lLT 2 HI futuri-n 0-l Him i:i irr.lMi. .
ljOt 70 ion. future 72 Tin sjiet l",3
! .- fuiur 1 I1M lOu, l.f- ir ,( j
17 fiO futures, 23 ISn Zinc miut, J'i fu-
urtK 2V
300
100
S300
100
100
5100
800
700
500
300
1000
2000
1800
100
600
100
600
200
2100
500
9800
400
200
1200
300
5200
100
100
1700
200
1600
100
000
400
400
1300
100
200
300
400
100
1500
400
400
400
400
100
300
900
100
100
2700
400
2803
200
100
100
300
3 Elfc Storage Bat... 44 '4
. Elk Hern Ceal .... 21 V4
5 rndlcott-Jehnson .. 83 ?i
. Era 16 H
. . Erlg 1st pf 23?,
. Erie 2d pf 18
S Famous Players L. 83 Va
8 Famous Players pf. 92 (-4
5 Fed Mln ft Smelt pf 5014
. . Flsk Rubber 15 V
. Frcepert Txas.... 23 H
3 Gen Am Tank Car. 61 Ji
. Gener.V. Asphalt... 69H
5 Gineral Asphalt pf104'4
6 General Cigar 76
7 Gen Cigar dfb pf..101
8 General Electric. .. .171
.. General Meters.... 14 Yx
7 Gen Meters deb 70 94
4 ".ie.it North Ore ctfs 399,
7 Gr. tit Northern pf.. 81
.. Guantanamo HuffarllH
.. Gulf States Steel.. 83 'i
. . Oulf Mobile ft N pf 40
.. Htndee Mfff n
Housten Oil 75
2 Hudsen M Car 23
1 Hipp Motorcar .... 19 4
.. H.vdraullc Steel.... 10
7 I'l nels CentraJ 107 H
.. Im. ahema Ref 4
. . Inspiration Cen Cep(41 'a
.. Int. r Cen Cerp.... 1 vz
. . Inter Cen Cerp pf 3 'j
.. Inter Agriculture. . . 9(4
Inter Agrlc pf .. 38'4
2 Internat Cem Eng. 23 34
6 Int Harvester new. .101 V4
lnt Mer Marine .. 18JA
C Int Mir Marine pf . . 71 V2
. Internat enal Nickel 17?i
fa Inltrnat Nickel pf. 83 '4
.. International Paper 52 Vt
.. Jnvim.ibl.1 OH Cerp. 14
.. Iren prediwtH 33 '4
.. iHl.md Oil Vt
. . .Iiwel Tea 16
. Kan City Southern 26 V
4 Kan City Se Df 56J&
.. Kanbas & Gulf 4 2
Lew
18
4814
53 54
15
67 H
109
53 n
9814
38 H
63
44J4
61
55
167
27
5J4
132
14
70
10914
90
12J4
34
11414
117H
94 14
614
19
6114
36 ?i
99H
78 y,
37
121 H
139
142
4214
87 '4
9014
31
17
43 s
5214
40
52 lB
101 U
90 'a
3 14
108
214
36
130
a H
118'n
51 H
61
58
32
28
1
33
76
97 14
814
30 H
108'4
251
22 '4
93 "4
614
28Ts
11 '2
78 I4
61
96
74
60
139'4
85
384
36 4
7014
68! i
103
1814
36
5514
8?a
20
27 H
43
75 i
43'8
81 5a
94 a4
67
22 "4
2914
7614
96
70 74
30
48
61 Vz
89 U
4'4
6514
Vi
1238
10J4
6814
103H
11694
431a
95
76 54
23?4
90
16
45 V
121 '4
12714
30 V
135 14
7314
44 H
20
8?H
16H
23(4
18
82 3,
92 54
50
1514
227a
60
67 54
103 54
76
101
171
14 14
93 Ja
39H
80 14
11M
81
40
n
74 j
23
19
10
107
4
41 54
l'j
3!i
9
38
23 '4
1 00 14
18 54
71
17 '4
83'4
52 54
14
33
54
16,
2614
56J'a
4H
Today
I.IOBO
vi
Chge.
18 - 14
48 54 - Vt
53 54- Ui
15
68 54- 1
109
5414 IK
9854 ..
38 - r.
63 - 54
4414 ..
61 - 1
56 54 15
167 1
27 94
514 ..
132
14 54
70
110
90
12 Ji- J4
34
11554- 54
11754 54
94 54 1 54
6?4 H
20 - 54
6154
37 54 Vi
9954
78 J4 94
37 94- 2 54
12154 54
139 54
142
42 14 - 14
8714-
9054- 54
31
1854 154
4454 114
5214 ..
40 1
52 54 - 4
10154 54
90 54 54
3 54 - 54
108
2 54- V
37 H x 1 !4
130
27 4 - 54
11954- 154
52 - 14
61 54
58
32
28 - 1
1
35 54 2 54
76 - 54
9754 254
8 54 - 54
31 14
10814- 14
25 'a
22 54
93 14- 14
6j- '4
28?, - 54
1 1 M - 1 54
784 2
61 54 - Ja
96 - 54
8
60 - 1 54
1 39 34 94
85 !- I 54
38 4- 54
3654
70 54- 54
6854 ..
10 54 54
1854 54
36 - 54
55 54 . .
8 54 V
20 - 1
28 - 4
43 54 -
76 14 - 54
43 34 54
81 H 54 '
94 54
67 - 1
22 14 - 4
29 54- 54
76J4 ..
96 54
71 54 5a
30
48
61 54 54
89 54- !4
4 54 - 54
65 54 . .
14
123 4- 54
1 1 54 14
70 54 3 54
103- 94
11694- 54
4394- 1
95 - M
77 54 - 9a
. 23 54 ..
90 - 1
16
45 14 - 5a
12154 54
127 54- 1 Va
30 14 H
135H- 5
73'a-f 5a
44 14 54
21 '4 r 1 !4
82 4 r 54
1 6 4 - 54
23 7S 54
18 H
83 14 1 54
92'4- 2?i
50 54 54
15 54 54
23 - 54
61 14 I 54
68 4 54
103 54 54
76 - 1 54
101 - y2
171 1
14 54- 54
94 14
39 4 !'a
80 4- 54
114 . .
81 '4 14
40 - 9,
i
74 14 - 1 14
23
1 9 la
10 - 54
107
4 - !a
41 ' b 5a
1 54 54
34- 54
9!i ..
38
23 5-4 - 54
101 14 14
18 54- 54
71 - 14
17 54- !4
83 54
52 2 :- 14
1 4 - 54
33 54 - V
94
164- 4
26 14 J2
56J4 4
4 14 - 54
Dtv.
In I HTOCK Itlrh
.. Kayscr Ce new.... 43 4
,. Kennecett Copper., 364
.. Keystone. T & R.v. 15 54
7 Kresge S S 13954
.. Lackawanna Steel.. 7714
. . Laclede Orfs of St L 83
. . Lake Erie A Went nf 64
800 3H Lehigh Valley 05 54
700 7 Lima Locomotive. ..Ill
12 Lerlllard (Pierre). .155
.. Leew's Uie 15 54
. . Mack Truck 54 Vi
7 Mack Truck 1st pf. 87 54
75 Melntyre new 1614
.. Mnlllnsen ft Ce.... 3414
7 Mnnhat Elev Guar.. 46 54
.. Marland Oil 41
. . Mnr St Ry 2d pf . . . . 21
. . Max Moter Class A 68
.. Max Moter Class B 244
. . de Cash 24 14
12 Mexican Petroleum. 161 4
e itiex ccaDvaru uii.. J:;a
(1 Mcx Seaboard ctfs.
Fntas
900
1600
200
600
1600
300
100
600
600
700
100
4300
1900
400
3700
100
100
10000
300
9500
8300
3600
11800 1.20 Middle States Cerp.
4100
200
1800
500
900
100
900
1000
100
100
10
100
100
100
300
2500
200
400
200
200
500
1400
2100
100
2100
300
100
1000
100
300
1200
100
200
200
100
100
300
14800
4900
800
100
800
n 5000
1100
100
1500
200
100
9800
100
600
4700
100
100
600
100
600
30 94
134
35 54
12
18
Mldvale Steel.
.. Me Kan & Texas.
.. Me Kan ft Tex (wl)
. . Me Kan ft T (wl) pf 41 14
. . Missouri Pacific ... 22
.. de Cash 22 54
. . Me Pacific pf 56
.. Montgomery Ward. 224
3 Mentunn. Tower. ... 70
.. Mulllns Bedy 654
. . Nash Moter 500
7 Nash Chat & St L.. 104
.. National Acme 18
.. Nat Cleak ft Suit.. 43
7 Nat Cleak & Suit pf 89 J4
.. Nat En ft Stamp... 54 94
6 National Lead 100
. . Nat R R of M 2d pf 5
.. Nev Cen Copper.... 16 54
6 N O Tex ft Mex.... 68 54
.. NY Air Brake 79
5 N Y Central 96 54
.. New Yerk N H H 30 Ji
.. Norfolk ft Southern. 18 54
B North American...
3 North Amer pf . . .
. . North American rts
6 Northern Pacific.. .
.. Neva Scotia S ft C.
1 Nunally Ce
. . Okla Pred ft Ref . . .
.. Ont Silver Mining..
.. Orpheum Circuit...
.. Otis Steel
2 Owens Bet Mach...
. . Pacific Dcvcl Cerp. .
6 Pac Gas ft Elec...
3 Pacific Oil
C Pan Amer Petrel..
6 Pan Amer B
. . Panhandle
2 Pennsylvania R R. 44
.. Penn Seaboard Steel 84
6 Peeples Gas Chicago 85
.. Peetla ft Eastern.. 23'i
. . Pere Marquette... 33
C Pere Mnrq pf 65
3 Philadelphia Ce.... 37 4
2 I'll 1 Ips Pet 4654
.. Pleree-Arrevv Moter 19
. . Pleree-Arrevv Met pf 37 54
.. Pierce Oil 8(4
.. Plerce Oil pf 44 Ti
Piggly Wlggly ster 40 54
67
44 54
9
77 54
31 14
94
2Ji
754
18
1154
35
6 54
70
57
72 y2
66 54
7J4
f Pitts Ceal 63
0 Pitts Ceal pf 96
. . Pitts A W Vn. 38 14
600 1 pond Creek coal... 214
200 5 Pestum Cereal 7814
. . Producers ft Ref... 394
. . Pressed Steel Car. . 80 54
0 Pub Ser Cor of N J 89
8 Pullman Ce 124
. . Punta Alegre Sugar 48
2 Pure Oil 30
S Pure Oil pf 9814
8 Railway Steel Spg. .105Ji
. Ray Cen Copper... 164
1 Reading 75 2
2 Rending 1st pf 52
2 Reading 2d pf 52 54
uepiegie Steel 31 54
5400
1100
5300
6200
200
1900
200
3500
700
1900
100
200
100
2100
500
100
1100
Repub Iren ft Steel 724
Republic Meters.
Reynolds Springs..
3 Reynolds Teb B . . .
42006.20 Royal Dutch N Y..
100 1 St Jeseph .Lead...
200 .. St Leuis San Fran.
400 .. St L Southwest pf..
100 .. San Cee Sugar
100 .. Savage Arms
500 . Saxen Moter
3603 . . Sears-Roebuck
20083'u Shell Transport....
10
44 94
46 ?i
57
14 94
28 54
46
44
1454
.34
794
40 4
32
8600 2 Sinclair Consel
100 .. Se Perte Rice Sugar 52
100 3 Se Perte Rice S pf . 93
2000 6 Southern Pacific... 90
1500 .. Southern Rail 24 54
200 .. Southern Railway pf 564
100 .. Splcer Mfg Ce 19 54
1400 4 Standard Oil of Cal105
200 7 Stand Oil of N J pt117
500 2H Sterling Products.. 534
JOO 3 Stewart Wainer Snd 44
. . Stromberg Carb... 46 54
7 Studebnker 138 4
. . Sub Beat Cerp.... 7 54
. . Superior oil 7
. . Sweets Ce of Amer 3
. . Temt Cern ft F "A" 1 94
3 Texas Ce 46
4 Texas Oulf & Sulph 48 94
. . Texas ft Pacific... 30
1 Texas ft Tac C ft O 26 94
. . Third Ave 21 J4
. . Tidewater Oil 120
6 Tobacco Product!.. 57 54
. . Tobacco Products A 80 14
.. Tobacco Pred rtn.. 2294
.. Tel St L ft W ctfs B 5014 B50 54
. . Transcontinental Oil 16J4 16 54
6 Union Bag ft Paper 6Z54
.. Cnlen Oil 21 14
10 Cnlen Pacific 14314
4 Cnlen Pacific pf... 754
. ITnlted Rctnll Stores. 67 54
. . t'nlt Retail Ster rts 1 54
.. C S C I P ft Fdy.. 33
. 17 S Heffmnn Much 24
. V S Ind Alcohol.... 61 54
. V S Realtv ft Imp.. 67 54
. C S Rubber 62 34
3 U S Rubber 1st pf106 54
B C S teil 100 54
I" S Steel pf 12094
1500
10100
2700
200
1103
100
5400
1800
2200
4300
100
200
1800
2100
200
100
3303
100
3200
1900,
400
2700
3600
200
600
13000
100
900
100
7300
600
600
600
300
300
1000
600
1700
100
100
500
100
3300
300
100
U00
100
1300
103
2200
900
100
600
100
Ixw
43
36
1554
136J4
7514
6114
64
63 94
108
154
15
P4
87'
15J4
33 J4
46
40
21
68
23 54
24 54
15614
3154
2914
13
: 34i4
1194
1754
41
2194
2214
55
22 54
70
26 54
SftO ..
104
18
43
ears
53 J4
100
4W
1654
68
78 54
95 'a
30 54
18 54
66 54
44
9
77
3154
9 54
294
754
18
11 Va
35
614
69 Ji
55 54
70J4
65
714
43 7i
8
84 54
23 54
32 54
65
37 4
44 4
19
37
7J,
44 Vt
40 y2
63
96
38 54
20 54
78 54
384
79
86
12154
47 54
29 54
97 54
104
16 54
75
52
52
31 54
71
9?i
44 94
46
56 4
14 94
28 !2
45
44
1454
34
78
40 54
3154
52
93
09 4
24 54
56 54
' 1954
10314
117
53
44
45
U6 3.4
6Ja
6Ji
3
14
45 94
47 94
2914
?5 4
21 14
120
56 54
7914
224
ii.in uepper oe y2
Vanadium Ceip.,., 47
Va-Cur Chemical. .. 30
Va-Car Chemical pf 65 54
Inc. .
11 Ji
1254
32 54
22 54
1194
Vlvndeu
. . Wab.i sh
. . Wnbash pf A
. . Wabash pf B
. . Western Maryland.
7 Western Union Tel103!4
4. Westlngheusc A Br 92
4 WeHtliigheus.)Eft,M 61 9i
4 West E ft M lt pf 72
Wheeling ft L E pf. 2b 54
2 White Eagle. Oil . . 26 4
4 White Moter 49
White OH Cerp.. . 8Ji
Wlikvvlrn Hpene Stl 15JJ
. Wlllvs Overland.
Wlllvs Overland pf.
. Wilsen ft Ce
4 Werth Pump Af M
1 Wright Aero
.dividend.
40J4
41 54
5154
84
62 54
20 94
141
75 54
66 94
33
23 4
58
6714
62
106 54
99 54
1209a
64!,
46 54
30
65 54
11
12
31 Ja
22 54
1194
10214
92
59 J4
72
25 54
25J4
49
84
15J5
8 94
47 Ji
41 54
50 54
04
IMflay" Nit
Clese Chge.
43 - 14
36 14 - 54
1 5 14 - 4
J4- 1H
136J
Ti
1J4
14
254
14
4
75 14 -
83
64
63?4
108 -155
1554
54 -87U-16
33 J4
46 40 -21
-68
24 54 -
OA li
15914 154
4
14
4
14
54
Hi
14
54
47
-10
1
3154-
30 -1314-3514
-r
11 94
1794
41141
22
2214
56
22 54
70 -.2614-
500
,104
IB
43
89 Ji
544
100 -
4J4
1654
6814
78J4
54
67 44
9
77 -31
14
94
2 94-
754
18 -1114
35
614
66
714
44 84
85 23 54-
374-444-
19
3714
8 -
44 J4
40 J4
63 -96
-38
54
394
80
88
121 54 -
48
2914
94
16 54
75 54
52 52 -3114
71
9-'
44H
46 94
56 54-1494-20
14-
45 -
44-
14 54
394-
79-
40 4
3114
52
'93 T
90
24 54 -56
54
1954-
104 -
117
45 -
1 37 Vt
6J1-
7
3
' f 1 94
46
47 94-2912-
254
2154 .
120 -56
54 -79
54
2294 50 54
1014-
62 54-
20 94-
141 94
75 54 -
66 94
54 33 -23
4
60Ji 67 54
62
IO654
994 1 20 54 -64
54 -46
54
30
6514 f-
1 1 K
12 54
? 32 .(.
(22 54-
1154 r
10214 -92
60 94
72
25 54 J
25 54
49 84
15Ji OJa
48 -41W-5114
04-1
54
14
254
14
'li
194
14
94
4
3i
54
54
54
154
54
' 14
4
' Va
54
114
LOCAL TRADING
. AGAINJJFELESS
Pennsylvania Given Authority te
Take Over the Pan Handle
en Leng Lease
Over the wcck-cntl developments
tended te Increase the npnthy of the
trading In the local stocks, rather than
encouraging broadening of speculative
interest. The mnrket for most of the
lecnl stock was extremely nnrrew nnd
absolutely featureless. Whnt-few price
variations occurred were restricted
within the smallest fractional limits.
The attitude of the lecnl contingent
te take the "side lines Is net surprising
In view of the increasing uncertainties
of the general situation. Considering
the surrounding Influences, including the
Intense dullness of the trading, the ma
jority of tlie local stocks held up much
better thnn reasonably would de ex
pected under the clrcun.stnnccs. Natu
rally, the mnrket for come of the ob
scure Issues Is found te be Uiln en both
sides of the trading. That is the re
sult of the narrowness of the general
mnrket.
Pennsylvania Railroad and the Phil
adelphia Electric lssAies displayed the
same noteworthy firmness observed In
the recent sessions. Trading In both
Issues wcre rcliftivcly small. Pcnnsjl
vanln dipped temporarily under 44, but
came back quickly, disclosing little stock
under that figure. Thp Philadelphia
Klectrlc lbsues added small fractions
te the recent gradual gain.
In most of the ether lecnl stocks
trading was of n perfunctory charac
ter, and largely comprised odd-let
transactions, with the exception of n
point decline In TJ. O. I., stationary
prices prevailed. TTnlnn Trnctlen shad
ed under 40. P. It. T after nn open
ing dip te .lO1. retrieved the less in n
subsequent rally te r.0 only te eiifp off
ngnln. American Hnllwnys common con
tinued te bring l.'I. and American Stores
was well absorbed nt 120V.
As was gencrnlly expected the Tn
terstnte Commerce Commission gave the
Pennsylvania Railroad the nutherity
te tnke ever all the properties of the
Panhandle (Pltsburgh, Cincinnati. Chi
cago and St. Leuis Itnllread) by 11 009
year lense. Most of the capital stock
of the latter read has been held bv the
Pennsylvania system for many years,
and Its lines have been opcrnted ns n
part of the Pennsylvania, Minority
stockholders, however, objected te the
forms of the lease, but the Interstate
Commerce Commission held In n ma
jority opinion that these stockholders
could net block the plan.
The authorization is given upon the
express condition that the Pennsylvania
Company and Pennsylvania Railroad
shall net hereafter sell, pledge or other
wise dlspecs of the capital stock of
Pittsburgh, Cincinnati, Chicago and St.
Leuis or any pnrt thereof without con
sent of the commission.
CURB MARKET WAS
VERYJRREGULAR
Special Pressure Against the
Oil Croup en Price Cut
ting of Crude
New Yerlt, July 17. The active is
sues en the curb market were fairly
steady in the early trading, but be
fore the end of the first hour developed
Irregularity. There was special pres
sure against the oil group because of
the further reductions in the price of
crude oil nnd the publication of figures
showing that the production and stocks
are larger than gcncrnlly realized out
side of the oil industryi
Trading In meat groups web com
paratively quiet. In the miscellaneous
shnrcs there was a rather notable de
gree of firmness en buying believed te
be for the account of Insiders. Com
mission houses reported mere selling
than buying orders In the usual week
end accumulation. Traders operated en
both sides of the market, but were dis
posed te attack the Issues that had en
joyed the sharpest upturn recently.
In the oil group Standard Oil of In
diana had a quick upturn In the early
dealings, but en further selling yielded
nearly 2 points from the top price.
Standard OH of New Yerk was down
4 points and Galena Signal, Anglo Angle
American nnd International Petroleum
displayed a renctlennry tendency fol
lowing the slight gains nt the start.
Cities Service was irregular, yielding 5
points, then recovering n part of the
less, but the bankers' shnres were
down a sharp fraction. Skclly Oil, Mu
tual Oil and .several ether low-priced
oil shnres were oft slightly.
New England fucj was an exception,
moving up two points. Peerless Mo Me Mo
eor was one of the strong features of
the meter group, nt one time showing
1111 upturn nf '2 points. Daniels Mo Me
eors was fractionally lower, (United
Retail Candy being steady and se were
Gillette Safety Rnzer and Hayes Wheel.
1
254
194
5i
54
2
54
14
' Ya
Va
4
54
54
54
4
54
5i
1
54
94
54
1114
54
14
1
2
4
54
54
4
4
54
54
Philadelphia Stocks
High Ja)v CIee
liS." Am Strs..l".H 120V, 120Vi
Net
chK.
Va
94
54
2 54
54
14
4
54
14
54
!4
4
4
2 54
L
' 54
54
54
54
4
!4
14
94
Va
94
' 34
3
4
14
54
Vt
114
54
in
22"i
21)
43i
08 -4
14 Vj
3714
5i
75
20
1314
22
306
43Ts
74
Sil
as 2!Vs
30 W,
30 V
(ili "
Wj
T'i'h
31 W.
K
2215; V,
" :K
43 1
enu.2-js
14 Vi Vs
37V.. Va.
p!9i 14
75 . .
20 2
13
3.1 Vi s,,u
30
4Vs 14
74 . .
BVj..
3S 1
2!)
aim Vs
30V,- 94
0( . .
1V-..
",Vh..
aixj..
Conservative Investments
MacMcekin & Williamson
IIIIUAI) AXli MNMI1I hTH.
Mi-mlirrii I'hllii, Ntiicli Km hinge
BANK CLEARINGS
Park clearing" today rmiartd vv th ror rer ror
reMpendlntf day Uat ear
1022 tf,ji
Philadelphia . J74 nne ene jrfl (iiin.edn
New Yerk 45S 41m (imp 307 000,000
iiomen r.4 nne nun 4.-1 371 ;;
cbkaue se 7oe,ouo t-j :,oe euu
WIEGHE8, HOCKEY &00
ied Public Accountants
DfwLMdinff, PhildIphii
JBends for Investment
SuitcUient Upen lirqutU
The National City Company
in uea imam nrrv emu
U.S. Certificates and Treasury Notes
I". I'f.w lnu nr tli" cleln prices IjM .ind
&k"l f.ir In th. pi n mnrkut ter L'nlted
Stat-i . rilllc.it-! uf .niUlilednenH and nutea
of tlic different Hbj- ,
Int ..uturnu:
II .m Dam Il'd
l'-j Snt. 1S2J I'm R-32
lii'i li-. 1.'
I' i
I'iO 1 -.13
urn ri-.i
f.-
t-4'i
..?;
.-.ent l-l.'J
D-C 1HJ2
Dec . 1HJJ
Dec . I'l-JJ
Mc.t . lli.'B
June, lli2n
June Hi. 4
(ept . 1121
Men in.".
Dii lli.'l
Jfih. 1U2D
Aeked Yield
lliO-i .1 no
I no. il oe
ion .'1-12 .1 nu
lOn 3-VJ 3 52
100 17-S2 ,1.21
1110 11-32 inn 17-dJ 3 42
00 1-32 inn a-3. .1 n
ma'
KM
1011
101
t'BVj t-ept . 1121 . 102'.
t"4 Men in.". . 101i
t-MS De-i lli.'l 1004
t4. Mih . 1U2I1 102
i:xemn tretn rederai normal income u,
tAueptaMe ter tajment of Incemu tax Uua
en date of mu'unty
lOli'i
KI2'i
I 01
4 04
4 12
4 11
I 13
Reserve Banks' Discount Rates
fiff 1. ir. 1 re-ll' n
eral il- nrve Inn
i
linHten
New Y irk
'hllud.lphln,
i'Ievi ImivI
Htthrneml . .
Atlanta .
I Chlc.mu . .
Kt. I .null
Mlnneapnlla ,,..
Klinana City ...
Dalian
Hun Franclice...
mnt rale nt Ihe twelve l'ed.
ikn lira n fellows
ri iH 1. in "in 1
bendn. papnr
i'b,
4
I
IVj
!
'a
i.
S
n
r.
4
1
44
4',
4 J
I".
4V
4 V,
B
n
r
4Vi
4
I
4 i
4VJ
4"i
4
I
1.
llkra.
accept.
1
4
MONEY-LENDING RATES
NHW OKK Meney en call, both claen
of (ellatvrul, opened teda at J pir n nt
for 'endlnt! nnrt -enewlnu
While call funda en the eteck (.xchnniie
rent wed at 3 Ier cent, there wan a lltt.e
mere time money In lnu market and the lene
w.ih tdlghtly raster Heme li.ani wire pi u il
11 4 per n-nt for alxty te nln t daB nnd 11
41. ptr cent for four mentlm 1'er mx
mentlia ralcu wern nominal at 4'i and 4'i
pel cent I'rlme hunk iien'Ptancei, weie
hemewhut mero active, and latii reach-d
nuw Iowa en thin movement Quotations were
3 ter cent bid, 2Ti per tent ai-kul for thirty
and aUty da) a, .' bid. 3 lvr cint uukxd
for ninety and 120 diyti, and :i, bid. 3'i
aakeil for 150 An The .-all lean rate 011
acceptances waa 2'i per cent. I-rlme mer
cantile paper was easier In tone at 4 and 4't
pur tent,
I'lW.Al'l.f.rillA Call. 44 per cent,
time 414 te 4 Mi per rent, commercial paper,
three te U month. 4 '4 te 4'j pc-i ctni
I.OMHN. -Meney IN, pe. cent Din
count rale-t short lillla. l' pi r cent thiee
mentha- bllla l'tlil J "-1 per rent
Copper Reports
New Yerk, July 17. June copier uhlpr.ient
exceeded 170,000,000 pound, the lament of
any peace month In the hlatery of the coi cei
MT Induitry June ahlpmenla cempare with
alxjut 100,000,000 pound In Kay and 12(1,.
00,000 a month datinf the flrat nunrter.
The larite Increaaa 'In June hlpmunti wai
4liM te J-aiULMlMjllrUUUC t&Ut au4 J una.
BAR SILVER
New Yerk. July 17 --Commercial bar all.
ver per line ounce demeiuc imSc unehansed
x ureltrn 7'ic. a decline nf 5ic.
t.onden, July 17 Jtar filler waa Ud
lower ut 3.'.v,d tediy.
DIVIDENDS DECLARED
H VV .(iesmrd Ce . ijunrterly 1 715 a
-hare en preferred, payable Autruat I tu
bterlt of r'teril July 2.1
Thu rrixlucirH nnd HeflneriV Corporation.
uunrterly i per ci nt 011 preferred, payable
AUb-uul 7 te Bleck nf record Jul) 2U.
fiO Am Rvvvs l.'I
lOtChlle Cep 22
lOtChine Tep 2!)
34tCe-dcii Ce 43
150 Gen AmiIi. fiflK.
30tGen Mtrs. 14
49IC.VA.. 38
10 Luke Sup. !
132 Leh Nnv. 75
100 Leh Vnllev
Trims pf 20
S5tM Stn Oil 13Va
5 Mldvale... 3."Vs
lOtMentc V 22-'ls
101 Nat K AcS 54 U,
200tNerth I'ac 77
10tX Y X II
& II... 30
010 Va. It R.. 44
l7 Va .Salt JI 74
25 Penn Sbd
Steel.... 8Vj
25 Ph Ins W !IS
753 Phila Elec 211
510 de pref.. 30 Vi
iittOP R T... ae
Ph Trnrt. Ut!
OOfRny Cens
Copper.. 10V
100 Rciullni,'. . 75
27tSlnclnlr . 31V-
25fTex Pne
; & e..
200 Tenn Mln.
5S Vn Tine.
185 U G 1
55 de pref .
35tU S Ind
Alcohol.
25t Willi s-Ov
330 Yerk Rvvy 27';',
uu no prer
tN'et chansre mnde by comparlnen with luat
ante nn New Y'erk Stock ExchanKe.
Total eales, n.103 sharea, compared with
1853 ahareB -Saturday.
rilIIA!)i:i,IIIIA 1I0NDS
300 Liberty .'(', '47
500 Liberty 1st 4 Vis '47. . ,
200 Libert j 1-t 4Vi '47...
10(HI Liberty 2d 4Vh '42...
100 Liberty 2,1 4is '42...
WI0 Liberty 2d 4 Vis '42...
2750 Llbcity 2d 4 Vis '42...
300 Libert. 3d 4 'an '2S...
300 Liberty 3d 4,s '2S...
700 Llbertj 3d 4 Vis '28...
1000 Libert) 4th -1 'j s '.'Jh. ,
150 Liberty 4th 4V4s '.'18..
15000 Llbeity 4th 4 -is 'J18. .
13300 Libert) 4tli 44s '.'IS..
3000 Victory 4-,!ls '23
100 Victory 4:hs '23
200 Vietei) 4:,s "23
1000 Hell Telephone 7s
HHMi I'lilla Kleetrie let 5s..
Uh-i-trli r.VaN...
5-2H...
(Is
I'lcetile (Is
r.li-ctric (Is
Klectrlc Us
20 2(1 20 14
Ji? l4 ii.-
3e-i :m 3!.5i 14
53 52". 527,
51 51 " 54
00'4 5!T8 0014 2
27'-', 27'-'. 27".!!
37 30 37 '..
5000 Phlln
KlOOPhilii Klrctilc
7000 Phlln Kli-etric
5(H) Phila
.'5000 Phila
1000 Phila
. 100. US
..100.78
..100.74
..100.51
..100.40
..100.4(1
..100.01
..100.1S
..100.52
..100.3(1
..100.112
..100.78
. .100.11(1
..101.00
..100.52
. .100. as
..100. ait
.. 10S'4
. . ti)
. . 100
. . 100
.. 1WU
.. 10 iv.
.. lea.-C
103
'letul, JUS 200, compared with 10 300 Sat
urday a'
GRAIN MARKET
Wheat
Julv
Sept
Dec
Cern
Julj
Sept
Dee
(lata
July
Kept
Hec , . . .
Set t . . .
Oct
Whs
July . . .
t-ept . . .
Hluh
1 UUj
1 11
1 1U'3
(.3
ll,l,
. 40'i
.10 80
,14). S7
i.'-u n
1 lt
) IV,
I 17
-.-,;
0P4
31
37',
4V,
10 07
11 07
Lew
1 14
1 HVj
1 14
1)2
US',
till
UN
.'ii.
;i'j'i
10 t.11
in h7
'lnc
-14'.
M'.
J4
.'
i,l',
i,l',
an;
3i.
3 I'l
Raw Sugar Market
New Yerk, July 17 The earl raw aunar
market waa firmer and pilcea were hlKhi r
Cuban advanced te 3Sc teat and frelaht
eiiual te 4 I1O0 for lenlnfuaal for July and
Aununt shipment There wire hiiIch of 20,.
000 baua of Cubaa 10 an outpert refiner for
Immediate phlpineiit.
Haw- UKr ruturia were Hi mer en enver
Inif and builnu by lemrnlaalnn heuaea aeme
nf It billeved te be for Wean rn ncceunl
l-rlcea advanced 7 te 11 pelnu, hut met
realizing fiilea and eased off ecvcrul pelnta
Inward midday.
There were no chanaea In rertned auKar
with fine k-ranulated Hated at 0 BOSU.tlOc.
A ifoed Inuulry waa reported for prompt
ahlpnwrit. There waa a aale nf one let of
Heptemuer In refined futursf at 0 flue, a point
abuvc-Ui cIoiIek prlca cffJajt WDi,
COTTON MARKET
Kat, 1 lese
Serlember ....
llclebel ... , 22 401f4ri
December .... 22 30C3I
January 22 en
March 21 On
May 21 01
l'eda's
Open
"J W
22 in
22 in
21 nn
J I 7.1
21 r,0(i!e3
-' r m.
ji.ii.-i
21 Ml
21 il.",
21..-II
Septmiher
(K telrf-r
I), ennber
January ,
.March
May , ..
COFFEE MARKET
l-ievleua Cleae Open
22 Hl'i(4n
22 aiH't.ll
22 nil
21,111)
21 111
: 2H
.llli
"-'J. Ill
21 an
21 73
".'I SOfl 31
1 i- M
22 33
21 nn
21 H2
Steel Sheet Prices
Nw Verk, July 17. Steel prlcea, fob
ft'inWn " "," Ulue-anneala'aheet.;
ia40Ci2 ,',n, mihimlied aheeta. H.IHU4 81)
ttT.IQ; '' a'n&3Mi 1"" eri. !flu
1300
1O0O
tee
10O
000
100
noe
200
1100
1110
200
3300
2200
ion
100
200
3(10
200
ion
100
400
100
100
3110
r.oe
100
100
300
300
line
100
inn
ion
Mno
2800
100
1000
100
200
20
400
inn
3110
200
INDUSTBIALS
Hluh
. 04e
. 47c
. 10'i
: 2!j
. 17S
. I,
. r,3e
. u
. M,
. "s
. 40 '-j
. 44
. ' .
Acme Ceal
Acme Tack
Amal Leather .
Amal Leath pref
Am Metals
Allan Fruit
Ilklyn Cy Ky ...
llr Am Teb coup
lluddy IIU'Jh . .1.
Car Unlit
Ch Nipple,
Chi Nip U ,
Celum Eiruer
Cem Pelv n ...
Cem Selv A ...
Cent Mtrs
Dnn Meters ....
Dubller C A. K .
tllbaen Hewell ..
QUI S II
tleldwyn l'ic . . .
Uoedear pref ..
Grant Mtr
Hayes Wheel . . .
Heyden Chem . .
Int Carben ....
Int Hub
Lima Loce Kta
Mercer Mtra . .
Merc Mtra V T C
Moen Mtra ....
Pccrleas Mtra . .
P S N J pref .
Itadln com ....
Itadle pref
Hee Moter Truck
Houth C ft I ....
Tcnn I'l I'evv . .
Teb l'rnit
Tedd Ship
II S L 4 II ....
I'n Itet, Candy ..
Wnvne Uenl . . . .
Wlllm Cerp lat
Pf
12s,
184
222 V.
7S
81
1
81 'i
1
11
e;
3
34
3
12
57 V4
101
ft
3;
. 27
, -lie
14
74
C'
Hi
II '.
114
s
feTANDAKD OILS
inn AnKle-Am oil .... le'
100 Atlantic Lobea .. 014
120 Oalena .Slitnal .... 33'j
29 Indiana Tlpe 01
10 Seuth V L 93
20 Seuth Tenn Oil ...20U
son s e of Ky wl ... n.i
bon S O of Ind les'4
03 S Oil of N Y 423
in Vacuum Oil 413
40 Southwest Ptnn .. 02
Lew
00c
47e
lnij
33
411 1;
54
17 .
lt
B3c
mi
4'
70
40':,
' 4
124
IH
e 10
1
31 "1
It
0
8
3'4
3
11
r.n
ie. s
4'i
7
44c
14
!'
CO
l'
II fs,
l.a
lfii
I'-a
B-i
HI
03
son
01
17'4
413
113
U2
2 30
P. M.
04e
47c
1(1 ii
33 TI
)5
41
h4
17.
i'
5.te
r,'4
5
70
40'4
44',
7.
J2'-.
Mi
18
222 i
7i
33
1
81 H
11
8
84
B7
103
3
27
44c
14
C
i
2
10'i
iVt
55
III
113
SOU
01
10Nl
425
415
12
INDKPKNDENT OILS
10O Aetna. 1 1 ',
3000 Alcan 13',
2000 Allied Oil 4e
3500 Husten Wyoming . . 85c
700 Carlb f-snd 71
H70 Cities Service 207
700 Cltlea Serv II ctfs. 20s
100 Cities ser pfd II .. il'i
BOO Cities S'erv pref . . (17
IO0 Columbia Pete .... 1 '
2000 Colombia H.n .... 2"
nun c TCOle tiMl
loon KnBlneers Pet
."a
23c
20n Kuutty Pete pref.. 11
line IVJernl Oil
200 1 ensiend
100 C.lllll.ind Oil ...
Soen riltnreck Oil . .
100 (Jr.inada Oil ....
71111O Hudsen Oil
loe Int Pelrel ..
3nne Keystene Hnnittr
ine Klrby 1'ete
S.IOO Livingston Tet
POO Lenn Peta ... .
500 Marnralbe Oil ...
ine Marland Mex . . .
Bone Merldlnn l'cte . .
100 Merrltt Oil
700 Mexico Oil
200 Mountain Pred .
a700MutuiI ltef
1200 New Una; Fuel .
Bnoe Neble Oil
300 Ne Am Oil
3000 Ohie JtnnKer ...
1400 Omar Oil
100 Penn Mex
1O00 Hed llf.nks
100 Han Cens
1300 Salt Creek Pred .
100 Hilt Creek Cens .
100(1 Sapulpa Jtef
130H Slmnn Pet . .
HliilO Skelly Oil
3000 Seuth P 4- JI . .
110O Seuth Stntei ...
200 Spencer Pet
limit Stanten
3MIII Ti'Min O & L
"S.-'iO Tut man
7e.OO Wilcox Oil .
1D00 Y Oil .
1U
J il'i
In
21e
22S
45c
5V4
Hi
7c
lft
7 'a
c
11.
14
0
B8
21c
37
17u
!?.
If,-,
10
I'.'e
l.l'i
'
2NC
73e
1-a
ns
la
11
13,
'lu
8.V
7
201
20'i
Ilk
07
l'i
2'i
2l
21c
11
l'
nm
l"
.','
2i"i'
22
45r
.114
1
77q
10
. N
IN
13S
4c
S3c
7i
207
2(1
07'"
114
21c
It
l
lflV,
4'k
1A
i
21c
22
43c
,V4
1
77c
10
3c 3c
0 0
1 1
14 14
H'j II V,
5(1 58
21r 21c
2 2K
4c 4c
1 1
37 37
17c 17e
7 7
U.V4 13'4
12'J 12
B .T
KS h",
!' 10
tic- 12c
13 13
4'i 4'4
2kc 2si
(le (lk(.
Wi IS
5i, 11
lie lie
BOO
(10)
SO00
1IO00
500
2000
200
3000
200
1110
10
3M0
1011
2n00
700
fllOO
4:111110
Nnnn
211O
lene
Boen
100
MltlO
hllMI)
Kill
200(1
11 ion
2000
2000
300
31100
noeo
31100
4111m
200
mini
15110
limn
3011
moo
11)110
2SIMI0
2 1 I'll
lnnn
son
Km
100
100
200
1110
'BOO
25000
MI MNO
Alas llr Oe
Am Kxplera ... .
Hlg Li-dun
Hest Ment
Hest M Cena . . ,
Can Cep
Canarle
Candel .It
I'niiM Cm. M . . . .
Cep (anon
Cep Ham;
Pnfl.9 Ulltnr
Creaann Held , ', ',
Dlvliln Uxt
Doleres Ksper ,
Hinma Sllv . ...
HureKa Creeeua
uepl l)i vel ..
flnlrt Orn
(old Xnne
Harmlll 1)
Hecla Mlninpr ....
Hill Tep Mex ....
Indeptnd Lead ...
Kerr Lake
Knox DMde
Lene Star
Mi Kin Dir
Marsh Mln
Masen Vul
Molherledo C
Nat 'lln
Nev Ophlr
Nev Sll Hern
NIplssInK
nhle Cep
Ha llerculei ....
Ilex Cens
Shilden ., ,,
Stand Slher . . .
Stew Mln . . .
Suicees Mln
Terk Huu-hes
Tnne Ciiah De) , . ,
renn DUI1I0 ....
lonepih i:xl
Tennpah Mln
Trinity Cep
Tuolumne
Cnlty (leld ....
t'nlt llastern . ,.
Wllbert
2
lie
17c
Mlj
30C
3
.Vie
Blie
HOe
43
1,V
l'i?.'
lc
310
5c
1c
lu
0
il'i
(iRc
4sc
3
4c
He
220
17c
-J"
n
150
210
Ne
fit,
lie
1
S(
1
lc
ni
SI c
Sile
III!
7Sn
Hi
'
1
Olie
3j
li6"
2'4
2
H)e
15e
7fle
27e
3
310
B0u
llOe
43
14e
le
3'le
iic
ii 'i'i
HSc
w
4c
he
2Jc 22i
Ida 1iic
10c
Lie
"He
27c
3l
BOe
IH)c
43
It.
lie
1
lc
211.1
5c
lc
In-
s
11
(Kle
47c
24
4c
lie
a'.'.''
42u
no
Is
Kc
10c
In
2c
bop
hi
77e
1
(Hie
3
l'i
I2e
21p
7c
r,S
Me
I"4
8v
I A
Hip
flc
3tii
Btlc
(lc
77e
1
ntic
3
li'
2000
30IH)
2O0O
IIIOO
KIODd
2IMID
3011(1
neon
2nd 1
lnnn
toen
70110
311110
OMOOII
3000
20110
4000
20(10
2000
11000
8000
f-3
II tt
li-.ij
OH 'I
11111
lne
mi
101
S3
14V,
1)3 '4
no 'J
1(1(1
100
10114
III!
1KINDH
Allied Pack lis
Al Pack lis rtfa
Al Pack Ss
Am Cot e lis
Am l.lklit fls WW
Am Til Us 22
Am T I Us 24
An.iceu i its
Anaien 7h 211
An Am (t 7 '4 a
Arm Ce 7m
Until H 7s 23
lleth H 7s 85
Hr I'll ! 7a
Can N Hy Hi 7
Pan V II 1-.. V.
.- l '" . I'll'.
Phirn lln Mia Ru t ,,.'
Cena Tex 8s .. ,. nitij
Cep I'm 8s ' 1111 r?
Deere Cel( ,102 ill' ni
. 83
14',
HI'.
I'll 1 ,
11111
100
KM S
Hit
101
10.1
1115
Kill.
Hi3i;
I DSL,
1IIN
nei.
n nnv
ion, lin
1 0 i 1 K
,,. . -..:.-.-
I". ;
1
10s
10S
Dill
04 101
02 102
0s 108
1111
110
Hill!
108
1)0
011
(111 'I
mi i.
4000 Freep Tex7 7 ,.188
1000 Uulf' Oil Ta 104
1000 Humble Oil Ts ,..100
00O0 Inter II T 8s .... (!
1000 Knnsns Una (la ., 0(1
2000 Laclede Una 7a ,.1oe
0000 Magma Cep 7a ..108
1000 Manitoba Power 7a 03
BOOONntl Acme 7H .. t)u
2000 Nat Leather 8a.. 08
B000N Y N II A II 4a. .101
17000 N Y N It & II 7S" 8714
1000 Phila Klee U KI3
2000 Phila Hlec BHs ., tint!
1801) Pub Ser Jf J 7a.. 101
8000 Hebert Clair 7 -ig
B000 fieara He 7a '23, .101
8000 fielvay et Cle 8s.,10b4
1000 Seuth Dell 7a 102
1000 H O N Y 7a, 27..105tJ
1(8)0 H O N Y In, '20. .107
BO00 Sun Oil 7a 100V1
800(1 Hwlft & Ce 7a '21,102
2000 Bwlft & Ce 7a '31.10.1
1O0O Un Oil Cel lis let
2wi ur un iron ns. , ,
aoeOUn lly Jinx. 7s.
2000 Vacuum Oil 7s...
23000 Weet Hlce 7....
40CO Cem Power (Is...
11)00 Cudahy 7a ....,.
1000 Mcrch & .Mfu 7a.
185
104
.1(13 ;
104
107U
.108
. SS
.10J14
100
reRKION neNDS
4000 Argentlre 7a .....Ien
11000 Hnragua Huz 7'4slOO
4000 Can S a 7a . 01
3000 Clly MontevliHe 8s 01
KOOOKIng of Serbs Ha.. 03
20000 NY NH ft JI 7a Fr 7.1
3000 Swiss 5 lei",
810OOU 8 Hrazll 7'4a.. 8TC
B000OU S Mcx 1 41
fCaV'
I BUILDING PRICES
are still far below recent peak
prices.
Building Investments never
paid as well; build new whits
the conditions prevail.
JOHN N. GILL
CONSTRUCTION CO.
Commercial Baildingi, Fecteriu,
liutitatient end Smalltr Werk
ntu nniidlnc
riiiLAUKLriiiA raiiT
Tbii?
L- j
Omnertunitv (nr
MUNICIPAL BOND BUYER
Established municipal bend
house desires New Jersey rep
resentative. Must be compe
tent bend man with plenty of
courage and initiative, qutli.
fied te handle business without
aid from the office and able te
buy or sell New Jersey mu
nicipals. Communications will
be treated with strict cenfi.
dence. Write R. C, Bex 64,
Trinity Station, New Yerk
City.
Beles vvWestwoed
Members Phila. jSieckExchanda
INVESTMEKTi
SECURITIES
Larititle Bldfe Philadelpfiial
PHONE' LOCUST 472r I
. Breker Wanted
Streng New Yerk broker nee renter
wishes te establish connection with i
lecnl reputable house In n position I
handle n portion of il auhatantlnl stock
preposition that la awepplnc the couelrr,
Must have vell-estubllshed elTlcn u
sules force.
A-l ro-eprrntlon nnd support nsinrH.
IncluiIlnE nlitindunre nf lilch-class edvtf.
tlslmc and carefully selected leads lit.
eral llnunelnl nrriinreinents. ,
In writing. Kite roll particulars rt-
ac-nnina, equipineni ana BDllltT
MadlMD
vnrrilnr
in meet reuiilremenls
Address .Suite BO.1 313
A senile. New Yerk C'ltv.
Tax Free
Pennsylvania
Railroad Bends
Biddle & Henry
104 SOUTH FIFTH ST.
GEO.A.HUHN&S0NS
(UaiaUri Wt Mm FhUafelphla. Kef
lark net Chloace Hteek atailnMW
ew Yerk Cotten Eichanst
STOCKS & BONDS.
bought nd eId for cath or
tarried an Kmaenra,ttv rnarfiav
ru venn uiea., lata esa
HVT 111 Biniidwmr
Betbeii fUrus. & (He,
(publtr UtUmj Arrurtrbe
teth Exritane Bufiifrm. ptrita.
Congeleum Common
Virginian Power Common
I-linnesi Lecilht 0'4J0-1-3.3-4
Trlv-ite I'henea te New Yerk 4. noiten
HEWBURGER,
HENDERSON & 1MB
Members New Yerk and
Philadelphia Stock Exchang
1512 Walnut St.
C. S. PATTON & CO.
3D A CIIKSINl'T 8T8.
BANKERS
Sueeesaera te .
SAn.KK t HTKVFjNSOS ..
Henda and stoelis bought and taw
Membera Phila. Bted' Krebanra
MACKIE, v lnvestment
CR0USE CeX Securities
X
HKAI. KSTATK IK. I1I.M"-
StOckwell ' CEKJ1F1ED PlMUt
aia a. AAfjtnrtAMrt
Wi sen & "
Liuvill .W'gH
LOCUST 7270
Dlreea telephone eounectlen i "1
A. A. Heusman & C
ftnrr New Yerk 6tx ff'"
n n i ci.-k NaW "".
EDWARD L0WBER STOKES I CO
Investments
20 Seuth 15th St. ''
RHII-ADELPHIA i ;'-i
!.
tt-jvy