mi ar: P If! I' j' r- :! rtf fl m i ,1 ws, m g km mm RK if! ft is !l'i M m.t ? iJ m MiWr'? ifcfi". W m $ m vt 4. A: it i mm ;i III m mm mm m. sm. it i'.H r IK . h-i 1 mi' Wk rar ill m j hi-! m w t... M K W'fl I lMr m ' s i!t, W-Wwi slw?3fcithSv4rt..v.-iii-. J,,nu,? .rsa I.,. , ,t-i -.'.-TTWslBBBBFjrTTri , . JJ np?w "'-- -j'.raa jKfjty Mii.Krfi,i . ri' v3irrwini r n vmimiimu wj-Yiswa, ,-wv ":v.- " j - " -s"7-- 'T-Ba5'SBiiJi'c;ir JTiT'.. SiMT, w ' V!"ty WPSBPwSS Portland Railway Light & Power Ce. lit & Rtl. Sc Ba.iis rtie inn Pennsylvania Four "Jill Tax Rttandif Secured by direct first mortgage en rnerc than 75 of the Company's generating capacity, in cluding it a largest hydro electric plants. Price in ijicld about 6.15' c Circular en ricrf The National City Company Philadelphia 1417 Chc-tni't St. Atlantic Clt Ch.Vfente Bleck 1225 Bcar.lwnlk yt0"mABM MARKET TREND WAS STRONGLY UPWARD 3 I Active Demand Centered in the Rails, Oil and Steel Shares I New Yerk. July '.'S. While the j llimheinl ceiniiiunit.v Miipcnrpd tn hinc found n Brent tlrnl of (nrimriic.imir-nt in the overnight developments In the coal i nml rail strike Munitions, the cnrlv i movement of the market thi mninliiL tn .emewlmt of a disappointment. I here was net the PM-ltim: Imlce the majority had looked fur. whleli wit Mip- ii-eil te fellow ,psterda 's hntv re- M at of the Mintt Interest, nltiieiiRli fiuilier g.iins were Miewn by most nil Hie aetlve lmw. Nevertheless-, the market had a tone of deelded strength ami revealed a very cninim-lm; deKiee "l resllleney. In ether word, despite the incKiilarlty. the line of least n-N- lanee win unvmntered while prices were ii'K.int'iiii;, iiiMi iius met tieeame mere pronentieed n the (-os-sien pre5re-srd. TrespeetH for nn early M'ttlntncnt of Until the i'imI ami rail strii:e impfeved treat I j - ei'iiiirht . The hotter outlook in the labor -Itnntlcin as supplemented b ii remarkable culn in 1'edeial lie serve nities ami an eii:iiisien In ennl EVENING PUBLIC LDiaEB-PHIIiADMLtelA, "MlDA pliY .28, .B4T Financing of Value Tn f-lie WVin1 PnnnlTv ,"",il" """ ln ,,,p I'itiiminims Held-. Te (XO tilt. VVilOlC OUni.ry ,,!,,. (l)lli,bl. added the pre report-In- It is net difficult te select securities of corporations which are render. n a ral service in increasing the economic strength of this nation at home and abroad. It must be a source of sat isfaction te an investor te knew that when he buys such securities he is net only benefiting himself, tut the whole community. Wre for our recommenda tions of bends of this type, yielding from 5 te ever 6.50. Hemphill, Noyes C& Ce. Members A'ew Yerk Stock Exchanfr Franklin Bk. Bldg., Philadelphia New Yerk Pittuburgh Bosten Scr'antoe let Angclei Albany , Syracuse Baltimore Wtlmmstea Urfd;cpcxt Spruce 3200 United States Government sr.ccr.iTirs rnrr.TMrvT COMMERCIAL TRUST COMPAPJY Mcrnhrr J'ctlpral Kmrrtr SrMria City Hall Square West u iiinmig i ranee hai aeieei te aeeent a material l-Miluetien In iasi repnra t.nii iniiments ami a nillin.'ues- te ae icpt loiiK-time lii'iid- for the balam-e lerniain ewes her. This at lin-t -ijht pieirlscd te eleiir the Kurnpetitl lltlllo.s lltllle.s phere iiiaterlall.i . Tlie epeiiliii; .n rations Indieated a further scramble te cover en th.. mrt et the belated short-, bat the demand lessened sreatlj iv lien the lilfjher prices I nei- established. I'mtlt -taking caused! moderate H'ccs'.lens m some of the lead- j ers durliii; tlm lirst hour, but after that I I" i leil tiie setiernl trend lias ; sain dw- I tun tlv upward. i ! It i.is in the rails, oils and steel-' t'ie i.ii re mine demand centered. The! carriers uer- addit.dnary treiiKtlieiiP'l i i In the iiiidiiiii Washington ailiiees re- i perilui leadeiN of the rail striker-! I.i.'reiil ulth I're-.diMit Il:iriliir; en n ' lni. of s-ttieiaent and tl.e iiie-tlnn of i i",'ce mis put squarely up te the rail eecitnes. ( entrai IJnllread of New .1 rsey and Norfolk and Western mlr mlr lere.l the mere hopeful conditions In the .strike -linntlen. although the mere active trading was found In lVniisyl i.itna. Italtiinoie nn, Ohie and New Yerk Central. The,, three leaders all broke into new litph ground for the current movement. Crucible Steel asaln led the steels and the equipment moved te hijlier lewis under lead of A'aeile.iu ami i'.ilduiii Locomotive and lleneral Lbctrlc The sccnmlary fenvard sivi.n; had a - ri us stimulus in the c mtln-'ed en-.-of tin- money market. C.ul mono, opened and tenened into net neel- at :'.,. per tent and sinned te be In plen t fill sup,,!, .,t that rate. The slacken las of industrial aetiitty as a result ei the grewins fuel shortage has ie siilted in turning the Hew of Interior I inds main te this city. Manv of the iiit-of-teiin institutions, net Mil" able te liml I'lnpleyment for these Krewinsc fund-, have len enormous buyers of i.evernment bemls In the last week j.i.-s,. uiey win seu aualn when ciminerclal demand widens. the Commodity Markets if There Is a Market Ve Can Find It 1 We held sale3 of stocks and bends every Wednes day, charging $1.50 en trance fee for each itum. Ocr weekly catalogues and postal card service reach every mar ket. We take pleasure la furnishing; quotations. Barnes & Lefland tock Ilralrr nnl Anctlas 147 S. 4th St. Bends for Investment Liberty Bendi Bought, Sold, Cmhed F. P. RISTINE& COMPANY I.Miibllslitil 1D0J Widener Buildiaj, I'tiladelpbia New Ycrk Elizabeth, N. J SIrmuera New Turk unil 1'hlljdrJnhli hterk Kichanzrs GRAIN MARKET ' Chle-isn. July -'S. The iiheat mar ket opened i, cent 10 iL, cent lower en a decllin of ij te l,d in Liverpool, but immediately rallied and regained j M. Jess. The strike news was mere ' lawrable. but the trade was a geed I deal at sea as te whether this would be looked upon as bullish or bearish a it will depend upon whether the ex ex pert demand will keep pace with the i movement. The technical position of i the market was considered strong and ' se. ler ii ere timid. i Cern started steady te firm, tin- l 'i.itiged te i, cent higher and rallied' t.rm ,j,j si.,,, nfTers and a Letter do de na n.i for the l.ile position en account, u 'be i nt narrow nig of premiums. ' .its nere about iinehan.teil and also displayed little new feature, although the undertone was sternly. Previsions it ere firmer en an upturn et iij nmts te .i cents en live he 'a and an advance of (id te 0d in Liver pool lard. lern l'rcv (r.ose Odeij July ... .12t, .. 02i (12i, rtj'i .'pt. ... Ut . . . VThnat July ... Dec .'.'. Oat Sept. ... !" . . . Urn ""P' ... lJl'1 . . . K'bi rti'Pi. 1.10s 1.03W 1 10H S7 10 SO 1.10 3 OS 0 1.07 1 10 1j 1.09', 34 u n 37 1p SO 34 H 37 1 P. M. rtlt 'U-tS f.O't 1.11 4 l.eui 1.11H r.ts 37S 7S t Beech Cretk R. R. 1st 4t, 1936 Allegheny & Western 1st 4s, 199S Grand Rapids & Ind. 1st 4' :s, 1941 Phila. Rapid Trans. Csr. Tr. 5s Atlantic & Ycdkin Ry. 1st 4s, 1949 West. New Yerk & Pa. Gen. 4s, 1943 Eistnlekr & Bres. Preferred Isaac Starr, Jr., & 16th & Sr.nsem Sis., Philadelphia Slemljrn I'lill uMiihli steil. Hxilunce liirk Ciittun r.tilmiice COTTON MARKET I New A'erk, July 2H. Steady e,ibles from Liverpool, -tTcngth In siiMrrlties Sand nn nbenen of any impreiement in !... .. ...,kn- t.. .1... Tt'.- . L...1. ,.., . - if auii-i in me l, i-ut-ril uim leu ie a i moderate demand at the opening end ' lauseil initial iirires in cotton te move ' ur '.) te 11 ieints. Trading was nor bread and tlm list. ' ter, rul'd about 'teadi . with little j'i;e from the start. Llvemoel and' W.i I Street were among the early I uv i-rs. New Orleans was the principal 1'ir. Lecal iiporateis truded beili u.iys en a small .il I'rv'uus I I I'Jrtl AiJ-USt ill OS s, pt Ikt ii tebrr 1 JllDilin ;i.' "irwr 21 01f-.4 Jinu..rv 21 07 March Jl n.MV0l May se sr, 1 00 Orm V M '21.00 '21 1". 21 32 21 II 21 10 21 44 21 1H 21 27 21 12 21 2.1 20 'el A manufacturing Corporation with Philadelph.n office and plant valued 0175,000.00, located with in 55 milci, orders en hand sufii. cient te run te capacity eight months ahead, dciret te nocure cither en second mortgage $40,000.00 or first marlsa"e $75,000.00. State tc-ms and' ar range nppeinttnent. C 218, LEDGER OFFICE NEW YORK COFFEE MARKET ! New Ymli. July "S.--The local uf uf fee marki i c'ued unchanged te a (o (e i 'tie et 11 pe'nts, a local jobbing he,jse sold about mOOO bag- ()f Jiny fIem j) .j- leivn te ' "'. IN ear mei.Mis hei sinnlv. ables from r.razil were mnie t in geed. l.at" in the forenoon a special NEW YORK STOCK EXCHANGE TRANSACTIONS Only Aflarnoen Repert in Philadelphia Quoting Fult Lift niv. In I STOCK HUh . . Adams Rxprc.is.. . . 63 M .. A1ax nubber 1 3 -Ji 4 Air Iteduetlen 56 J 4 Allied Chem Sc Uyu 9 . 7 Allied Ch .t I?e 111106' ' A11U. Chalmers .... t4'2 7 Allls-nialtners pt.. 98 14 .. Am Agrlc Chem.... 28 .. Am Agrlc Chem pt. b3 . . Am Uke Sh & Fdy. 65 . . Am Can ? 9 J4 12 Am Car A Pdy. . . . 170V4 .. Am Cotten Oil 26 .. Am Cotten Oil pf... 53 .. Am Hide & Ix-nther 14 . . Am Internat Cerp. 43 1 Am La France Erne 13 . Am TnJoed 3314 6 Am T.ocnmetlva. .. .110 .. Am Metal 46 Ji 4 Am Hadlnter SO 1.4 .. Am Sifety Razor.. 6 54 .. Am Ship Cem.... 19H .. Am Smelt 61 7 Am Smelt pf 97 ?6 3 Am Steet Foundries 37 ?a .. Am Sugar Itef.... 0? '4 .. Am Sumatra 37?S .. Am Sumatra Teb pf CO 9 Am Tel ft Tel 124! 12 Am Tobacco 144?i 12 Am Tobacco n.... 141 14 .. Am Waterworks... 16'i 7 Am W.itnvks 7 pf 07 7 Am Woolen 92 .. Am Zinc Ltl & Smelt 18 .. Am Zinc l.d ft pi 45 .. Anneendn Dipper.. 54 . . Ann Arber 17 6 Arse Oil 112 C Atch Tep ft San KelOl i .. Atlnn Hir & Atlantic 3'a 7 Atlantic Coast LlnellO'4 -.. Atkintle Fruit 2 9s .. Atl Ou'f ft W I S 3 3412 . . Atlas Tacit Cerp . 17 7 llaldwln Locemotlvo120i .. Ilnltlmere ft Ohie.. EOj-i 4 Halt ft Ohie pf f4 .. riarnsdall Class A. 29 .. nnrnsdall Class II.. 24 ; .. Ilntepilas Mining .. 7a .. Heeclinut 1'sck ng. 34 Jj 5 Hothlehem Steel. ... 76 6 Beth Steel It 79 .. rtoeth Fisheries.... 9 li .. rtklyn Itnnld Transit 76 H .. Ilk'yn n T ctfs of db T2li .. rtre-vn Shee 5" ' S nurns Bres K7U 2 Items Bres C '5',i .. nutte & Sun Cep... 30 ,i . . nutter'ek Ce . . CaiMe Cen O ft It . 6 California Tacking. .. California Pptrel . . . Cal Zinc & Lean. 10 Canad'nn Pacific. . Palis 100 2003 100 400 100 403 100 I0D3 200 tee 2000 1100 4J0 100 100 950 100 100 6400 S00 100 600 200 1930 100 1000 330 100 103 1030 3000 400 400 100 1100 100 tee 2C00 100 200 3100 100 900 100 400 200 12100 14430 400 200 100 100 100 100 2300 2030 4330 530 300 1500 ?00 1933 330 100 100 1600 300 1200 100 1330 600 000 100 930 3930 400 500 400 53J 103 r:e 5-'.03 63 "0 24 33 2710 43) 400 103 5X1 2 30 600 600 2100 100 403 333 130 100 2 30 103 5430 3S30 IT) 103 1930 303 ) 2 u Cosden ,t Ce :oe 1360 3 3)0 7100 400 3 33 4100 103 330 100 400 330 930 433 4133 2333 230 100 233 200 100 2330 1200 100 87 0 230 1100 200 4030 100 600 100 6000 400 100 333 3230 530 300 1100 100 100 733 100 200 333 600 ?00 10J 10'J 100 3100 1500 103 1633 100 603 1000 1200 7jJ 1300 1000 6 30 iO0 3)3 63) 1i00 100 10H 11 ' 70 I i 60 94 . . Tit ..140Ti 7 Cace J I 1st pt... 84 .. Centra! leather... 29 H .. Central Leather pf 71 li 5 Central of N J 193 54 .. Cerro-dc-Patce ... 37 94 6 Chandler Meters.. t-5lj 4 Chesapeake & Ohla 71 H .. Chicago ft Alten... 1 Hi .. Chicago . Alte-i pf 10 .. Chi ft H III (new) . 35 4 .. Chi ft K 111 (ncwl nf 1354 .. Chicago ft Or Wrst 8 'i . . Chi & Gr West pf . 21 .. Chi Mil & St P 9's . Chi Mil .t St P pf. . 3i 6 Chi ft Northwestern 37 'i .. Chi R I & Iae ... 4lj 6 Chi R I & Pac ("-" pt C2H 7 Chi R I ft Pac 7 pf 55 !4 7 Chi St V M ft O pf 98 5-i .. Chlle Copper 22H .. Chlne Copper .94 2 Clcv Cln Chi & S L 77 'i f. Clev Cln C & S I. pf 97!2 4 Ceca Cela 71 TB . . Cel Fuel & Iren 31 3 Ce1 ft Southern 47 .. Celum Gas & R'ec 94 .. Celum Craphophene 4'4 .. Cel Craphophene pf 1G4 6 Cemput Tab I'.ee... f5 . Conse! cigar 33 'i s I'onsel fins l?39n .. Consel Te-ctlles. . .. 104 . Continental Can 74 Vi fi Coin Insurance .... 02 4 Cern Products! Ret.. HO ; ' i 94 'i 9Hi S3' Cosden & Copt . . . Crucllile Steel 7 Crucible Steel cf . . . . Cuban Am Suirar. 7 Cuban Am Sugar pt f0i .. Cuba Cane Sugar.. 17 14 .. Cuba Cana Sugar pt 40j .. Davisen Chemical.. 4 5 94 . . Pehears C Mln I.tit 21 Ta 9 Delaware & IlUilsenlJSI'a 8 Du Pent O: I) Ce..i:9!'2 5 Kaslman K01I.1K new 73 3 Klec Ste-:'go Hat.. 47 ' a E nnd'cott-Jehnnon .. T2:!4 .. r.rb' 17's .. Krl lt pf '5s .. T.rle 2d pf 10 5 Famous Players 1... 2 .. FlRk Rubber 13 91 7 Fisher Hotly pf .. IIO'j 8 Fisher Cedy of O pf 80!, . Freeport Texas 73H 3 rjen Am Tank Car.i 62 ft 7 Gen Am Tank pf... 97 54 .. General Asphalt... 72 54 6 General Asphalt pf. 1C8 7 General Cigar 76 5-4 8 General Electric.... 178 5i .. General Meters 14 .. OIlHiantl Oil pf 50 .. Gl.dd.jn Ce 15 .. Gray & Davl3 15 94 7 Great Northern pi.. 63 V 4 Grt North Ore ctfl 40 5a .. Greene Can Copper. 30 .. Guintaname Sugar. 13 95 .. Gulf States Steel.. 65 5a .. Hnblrshaw Electric. 2 .. Housten Oil 75 54 2 Hudsen Moter Car. 21 H .. Hydraulic- Steel. . . . 10 5' 1 Hupp Motorcar 18 Fa 7 Illinois Central 1C9 C 111 'ant pf "A--....nu'4 Inter Cen Cerp . . Inter Cen Cerp pf . . . . Inter Rapid , Inter Agile pf i, Init-rmt Cement. . . . B Int Harvester new . 0 Int Mer Marine pf. . . . Inter Nickel , . International Piper. 6 Inter Paper pf stpd. . . Invlnolble Oil Cerp. , . lien Products . . Island Oil . , Jewel Tea . . Jenes Hros Tea.... , . Kansas & Gulf , . Kan City Southern. K.in City Se pf. . .. . . Kayser Ce new . . Kelly-Sprlnctluld .. . . Kenni-cett Copper... . . Keystone T ft It. . . I.m kawanna Steel Lake Hrlc Ar West n: H4 7914 37 32 10 72 !4 M'i Mia 70 13 22 Ta 18 5i 46 9b 4 5'a 26H 57 54 42 40 36 94 11 79 54 67 Lew 63 94 124 5GTA te 10614 E4l4 98 54 37 63 65 0 94 19 26 53 14 42 5 13 33 '4 116 54 46 54 B8 54 6 14 1995 60 H 97 'a 37l 82 37 94 C0 54 122 143 54 141 16H 87 90 54 10 45' r 53 M 17 110 1C0H 35 a 110 24 33 i 17 11B4 57 54 3 54 29 24 4 U 34 5: 76 78 V4 R'i ?5!4 22 52 135 45 29 ?9 18 5i 11 H 70 5! 19 7 94 13812 84 39 70 s 190 37 '4 M!z 70 54 11 1 7 74 35 54 53 0 7a 21 reH 5 76 14 0 94 E2 94 9, 98 5b I2H 29!i 77 54 96 70 fa 31 6, '.3 "2 414 16 34 4I$ 33H 12214 10 74 3j 2 :07(2 425i ?4 894 E3 5-4 76U J0i 174 40 i '54 2154 U'5 'a 137 73 1 i 47 E2U 1' 34 25 1794 e2 1394 110 88 54 22 94 6154 97 54 71 5i 107 94 76 177 1394 50 15 1594 824 40 30 13 5i 83 54 2 73 2154 1054 18 74 1C0 54 1 1 0 Va 154 3 5i 29 '4 37 52 103 72 Vj 17 54 -c3 U 70 12 5i 3J74 7a 17 94 40 4 25 7J 57 5i 42 5i 47 H 36 10' 78 14 67 Net CJuse, 14 54 !4 4 54 54 'a 154 94 2 4 t.ne P. M. 63 94 1294 56 74 C8H 106 54 54 i 98 J4 37 -63 94 65 l E9J4-1- 170 54 26 5i 53 14 V 43 13 .. 33 54 11054 254 46 Vt 94 SO 54 Vt 654 19 94- Vt 61 a i 37 74 I 82 14 37 94- 60 14 - 124 54 144 74 141 i 16 "2 V. 87 90 94 - El 18 a. 45 ?b f 9 14 17-2 112 101 H 35b 110 24 33 94 17 - 120 57 i 63 54 r 29 f 24 34 J 76 f 704 9 54 -f-?65i 22 52 13754-1 45 30 14 r '81, Ii 'i 78 54 - 94 154 2 It's 2 li 1 ii 14 294 4 V, 34 i li ?. 2 31 1'4 1?s P4 94 V, 1 1 '4 94 14 1 60 Vt 2 Va 7 74- 14 140 7a 7a 04 39 54 Va 71 - Vt 193 54 3!4 37 14 C4 Vt - Vt 70 94 91 1 154 95 10 'i 35 342 53 54 4 874 21 .'9 54-1 45. r 770 44 ij 2'a r 95 5i 9812 55 22 94 !i 29' 2 54 77JJ 1 94 97 54 2 71 li 31 47 E3 5J 4U - 1 6 34 f5 33 i K214 1054 -1 74 34 -82 1 07 94 -i 427a 94 -90 f 931,2 re'j r- J0 34 - 17 51 r 4091 45 94 ?m 125'a r- 13954 i 73 H 1 47 1 E2 34 4 17", -1 ?5la J 18 f2 -13 94- 11054 80J4 -23 62 74 97 Vt 71H- 10794 17054 1 1 94 1 4 ' 2 "a 1 54 54 3t) 94 2 74 ' 94 MS 1394 50 -15 1594 03 40 30 1394 e4 ' 2 75 "2 2H4 -1054 . 1874 1 00 Vt . 11074 H4 3 5i . ?9!i 37 -cZ 103 72 55 4 17 I C314 r 70 H 74 18 5i . 46 54 4!4 . 2694 57 54 4294 48 36 94 1 0 74 -79 - 54 494 Va V M4 54 i 1 1 54 Dlv. JJnles In I 8TOCIC Itltrh 6200 SU ThlRh Valley 6yi 100 100 2600 2600 100 100 100 100 400 930 1000 900 100 100 70n 100 1030 1203 7100 19103 7930 100 12 Liggett & M vera... 174 7 L'Kgett & Myera pf.110 7 Lima Locomotive ..1C9 94 ., Lima rts 4(4 .. I.eew's Ine 1554 1 T,oft Candy 12 ,. Loeso Wiles 44 12 Lerlllard (Pierre). .162 7 Lotilsvllle & Nash.. 133 54 94 Mclntyre new 15 74 .. Mnck Truck E9 .. Malllnsen Ce 35 94 2 Manhat Shirt 36 .. Mar St Rwy 2d pf . . 15 54 4 Marlnnil Oil 39 2 Martin Parry 3054 .. Math Alkali 47 54 .. Max Moter Clnsi D 22 54 12 Mexican Petroleum. 167 54 l Mex Seaboard 2394 0 Mex Seaboard eft.. 2154 Mlnml Copper 30 ,;:, mmi uepper ju 55l-20 Middle State, Cerp. 1274 -,w" .. AlltlvnlA ctAAl ?fw. .. Min ft st Leuis new 1194 4 M St P ft S St M. G2 7 M St 1 ft S St M pf 01 Me Kan ft Tex wi) 17 74 . . Me Kan & T (wl) pf 40 . . Missouri Pacific.... 22 94 .. Me Pacific pf 5694 . Montgomery Ward.. 22 54 . Mulllns Bedy 23 54 .. Nash Moter 525 .. National Acme.... 17 54 .. Nat En ft Stamp... T654 6 National Lend 1 00 54 . . Nat R R of M 2d pf 4 n .. Nev Cen Copper.... 1694 .. NY Air UraJce 00 54 fi N Y Central 10 54 C N Y C & St L 2d pf 03 54 New Yerk Deck.... 35 . . New Yerk. N II & II 31 94 2 New Yerk Ont ft W 26 94 . . Norfolk ft Southern. 19 7 Norfolk & Western.112 0 North American.... 70 54 . . North American rts 11 B Northern Paclfle... 70 Vt .. Okla Pred ft Rcf... 2 94 .. Orpheum Circuit... 18 54 .. Otis Steel 1174 Z Owens Det Mach. . . Pacific I)eicl trerp 6 Pac Gas ft Elee.. 5 Pacific Oil C Pan Amer Petrel. 6 Pan Amer B , . Panhandle 7 8 ranhandle pf 70 2 Pennsylvania R It.. 47 94 . . Penn Seaboard Steel 8 54 E Peeples Gas Chicago 7 . . Peoria ft Kastern... 22 94 . . Pcre Marquette 34 94 E Pern Mat ci pf 68 54 3 Philadelphia Ce 37 94 2 Phillips Pet 43 74 . Plerce-Arrew Moter. 1094 . . Plerce-Arrew Met pf 23 54 ,. Plcrce Oil 7 94 . . Plgply Wlggly Stere 4294 6 Pitts Ceal 65 5j . . Pitts ft W Va 41 ii 6 Pitts ft West nf.... no I A 300 114 Pend Creek Ceal... 2194 400 .. Pressed Steel car... 82 55 1030 .. Producers ft Ref . . . 37 74 700 6 Pub Ser Cor of N J R9?i 8 Pullman l?3!4 . Punta Aleg-e Sugar 51 2 Pure Oil JBH e iianwav eieei epg.,iu 2 100 100 100 1000 300 900 1700 2330 300 10 100 2530 100 100 200 700 9230 100 100 7200 200 100 700 430 tee 4530 300 700 1103 300 100 100 5430 7200 1100 200 100 85 3J 5303 200 100 2700 100 200 7530 2100 1300 800 300 200 8200 100 333 3 30 2700 300 35 74 6 54 70 Va 15 74 4 67 94 2033.41 Rand Mines.. 29 54 1 6 14 76 94 53 35 3 5-4 533 .. Ray Cen Cenner 3300 4 Reading 103 2 Reading 2d pf 100 .. Remington Typew 5 30 .. Replegle Steel... 1610 .. Renub Iren A Stnel 74 ?i 530 . . Reynolds Springs. . . 33 200 .1 Reynolds Teb B.... 46 100 7 Rejenlds Teb pf... 11554 21005.20 Royal Dutch N Y.. 14 5230 .. St Leuis San Fran. r9'4 400 .. St Leuis S Fran pt. 50'4 1333 .. St Leuis Southwest. 3054 103 .. St L Southwest of.. 6 55 IO" .. Ran Cec Sugar . '54 103 .. Savjg.i Arms 13 UiO .. Seaboard Air Line.. 7 1200 .. Seal) Air Line pf... 12! 10) .. Scars-Roebuck 80J4 100 .. Seneca Copper 12 10363H Shell Transport 3054 4100 2 Sinclair Consel 315 1700 .. Skelly Oil Ce 10 100 .. SleFs-ShefTleld 46 100 .. Se Perte Rice Sugir 53 6700 6 Southern Pacific.... 17, 5200 .. Southern Rail 259 730 . Southern Rail pf... '0 330 8 Standard Mill 116 100 0 Standard Mill pf . . . 91 5100 4 Standard Oil of Cal1C6'i 230 7 Stand Oil of N 3 ptl 17 "4 233 S Stewart Warner Spd 45 100 .. stremberg Carb. .. 43 3$ 27030 7 Studebaker 133 3i 3)0 .. Superior Oil b 230 .. Tenn Cen & Chem.. 1094 2330 3 Texas Ce 46 54 3100 .. Texas ft Pacific.... 30 54 630 1 Texas & Pac C ft O 25 7e 200 6 Tobacco Products.. 54 54 2100 .. Tobacco Pred A.... 79 230 .. Tobacco Pred rts... 24 1700 .. Transcontinental Oil I4i 100 7 Twin City R T pf.. 88' 100 C Union Bau & Paper 57 74 530 .. Union Oil 20 54 10:0 10 Union Paclfle 142 74 100 .. United Alley Steel. 39 100 .. United Drug 79 54 400 .. United Rwy Invest. 12JJ 330 .. United Retail Stores 2 74 1503 .. Unit Retail Ster rts 3 74 1400 .. U S C I P & Fdy... 35 54 1100 6USCIP& Fdy pi 70 54 300 .. tT S Express 7 '4 300 ..US Feed Products. 7 75 4000 .. U S Ind Alcohol... 5 500 .. US Realty ft Imp.. 72 1200 ..US Rubber 60 94 9400 6 U S Steel 10134 200 2 Utah Copper 05J4 300 .. Utah Securities.... 17 5100 .. Vanadium Cerp 4994 2400 .. Var-Car Chemical.. 27 54 3JU .. vir car en em pr. . 100 6 Va Iren C & C pf. 200 .. Vlvadau Ine 400 . . Wabash 5803 .. Wabash pf A 100 .. Wabash pf B. 400 2 Wells Farge Kxp.. 59 54 79 10 54 1?94 :-3 22 76 1930 500 400 1330 1100 700 100 100 300 430 1200 300 100 11UU Western Maryland. 12 54 . . W Maryland 2d pf. 20 94 . . Western Pacific.... 18 74 4 Westing E & M.... 6254 . . Wheeling & L B. . 14 , . Wheeling & L, E pf 25 74 2 White Eagle Oil... 25 74 4 Whlte Moter 48 54 . . Whlte Oil Cerp 0 . . Wickwlre Spone Stl 16 54 . . Willys Overland.... ay2 . . Willys Overland pf. 4454 . . Wisconsin Central., 2954 1 Wright Aero j Lew 0554 174 118 106 74 3 54 1554 12 44 162 13194 15 57 54 3594 36 I5J4 30 Vi 3054 47 54 21 KG 21 18 30 1?94 5594 1194 62 81 17 74 40 22 54 E6 22 23 525 1754 5 54 10054 4 '4 1654 781j ?6 94 83 ?5 31 26 94 19 11194 70 54 11 77 54 294 18 54 1194 35 54 6 54 70 H 4 54 73 54 66 74 7 70 674 ; 7 2294 34 60 54 37 94 43 54 994 21 754 42 54 t5 54 T994 89 54 21 54 . 0154 -794 t9 54 123 0 74 27 94 1C7 - vt 1 6 54 7594 53 35 33 74 32H 45 34 115J4 4 -8 54 50 2014 '6 55 3 54 13 7 11 54 80 54 12 30'4 31 54 9 94 46 53 91 24 74 c'7 54 115 91 104 54 1 1 7 54 45 '314 129 94 b 10J4 '575 29 94 2554 54 54 70 54 23 74 14J4 88 57 74 20 142 39 79 54 12 54 02 94 394 34 J4 09 74 734 7 74 T4 71 74 59 94 101 54 t5K 17 8 9i ?554 59 79 1054 1294 3194 22 75 !4 1174 20 1894 6154 13 74 Z5 54 2i)74 48 5i 7 74 16 54 44 29 '5 t-34 1:30 Net I M. t'.iK". 6594 54 174 1 118 1C9 54 254 BUYING OF PENNSY 4 Va H 1554- 54 12 44 162 1 13354 3 1574 .. 57 94- ' 3594 Va 36 - 54 1554 !4 ?G 54 - ' 30 54 54 47 54 'A 21 - 114 167 94 ?2I4- 1 20 54 - 94 30 54 I24- 14 S574- Va 1 1 94 Vi 62 81 1774 54 40 22 94 4 5694 154 22 54 236 525 1754- 94 6 54 154 10054 4 94 1694 .. 80 54 1 Va 97 74 1 54 03 35 31 H .. 26 4 54 19 - !4 1 1 1 74 li 7054 .. 11 54 77 74 94 294 .. 1054- 94 1 1 94 - 54 35 74 Va C4 94 73 95- 67 94 1 70 -I !e 22 94 34 14 68 54 37 94 43 94 994 21 - 7 54 5 54 194 94 Va Va 54 54 94 Va 94 54 94 Va Vt 54 74 74 2 54 54 M4 54 40 96 154 09 54 2154 62 37 94 09 75 1 23 54 S.1 28 54 107J4 1 29 54 104 76 53 35 33 74 33 46 54 115J4 MS t4 5'2 .. f9'i 1 5014 94 30 54 2 54 6 54 V 1 54 13 154 7 1 2 (4 1 80 54 12 - 5i 30 '4 t- 54 31 5i 55 9 94 - 5-i 46 1 53 91 94 r 1 Va '5H r 54 c0 :- $ 116 ?- 3 91 -I 1 54 106 154 11714)- 54 45 43 34-1 54 1 29 34 - 3 94 e 104 94 46 14 14 30 54 1- 1 54 25 75 f- 54 54 54 54 79 14 24 1494 54 883 577J- 254 20 - ft 14294 f- 14 39 79 14 ia 12I4 Va 62 74 - 54 3 74 Va 34 54 i4 70 Va 54 7!4 Va 7 74 li 64 ia - it 71 74 - '4 59 94- y3 10154- 14 554 .. 17 14 48 14 , . 26 14- 59 - ,t 794 105i- 54 12 94 5- 94 32 ?4 n 22 - 14 76 t- 1 12 54 -- 74 20 H ! 1-4 10 75 .. 61 74 i- jj 1 4 14 2575 r 175 45 J4 4 43 54 54 774 f 54 16 54 1- 94 54 .. 44 5i 5S 29 54 f- 1 14 B94- 14 GEO. A. HUHN & SONS Meinlwrs or the Phil iilHrliln. .w lerk nml Chimed Sterk Kirli.injrn Verlt f'ut ten I'n Inner STOCKS & BONDS or bought nml Mild fur riiHli rarriru mi riiiisrriiulie murcln uriic-iur uuri nunc . 11 in 11 illlllit M N V , 111 I'reiihwiy Ex-eiviatna. 67 254 cable 1 1 iwceTne.K eimTATIflNS plin. Ill 23 1 1.10. reunrhs. 17.75W8. matf. I RiiliFnPlnn ?.l . c.i.i.. . .. ,. ''.:". Ui,:..?',.v".n"i :'""I",mef .'!! n,ir.e Juw -.A-m-n - nee-let.. siiVkp and i.AMns-n.ce.pu. oe h.d. a..i! I-'Innlsl,.' a.12: K,l sil : nulwl .. .1...11-. mi. muiu.-u .11 am nice et mil 401111 i...i.i. y.arWt fait'.- naive, Het trs l.imbu, -jSc hlKher I-nmbn. IswiltlO. lAuitrlnn, .00.10: Hunirurlni wti ' ins 111 hi-lilember, with Hlo exehtlliiMr..i.s. top m.-m-l n " nml e;rllnri. - - r CVeeh-SlevuIcInn V' I ' ui 1 - 10 K Ihr'd.iih'lr'T-atT "Tr""? & ' .ZA?:fii FOREIGN EXCHANGE .tia. HlVMa'h - ' nark.'r. en ' er' 'n, Jl I XX SM!?JJl- bSSIt'fe, r'dumi , New Yerk, July 28,-The foreign ex- TKHTBltDArH Cb quotations ui a standstill SI r,; ill IJM l.'st lei iwn.m Jii-cfiptu Ul.oeo ncml Ilrtter ehnnue market wm quiet nt the opening ,,,ll,mter 11 4n op,J?. praJ"i Unlit una butrhnrs mustlv 10C15c today with trudlllB in braall volume. S .v."::"::::: i . :C ,IS ,0 . '-'r-Gn r.osjreo-; Sterling was Hteady. while come Irreu- ir..v;.v.v;::::::: J J,ae . ,1 g l.r'.tfSKV, , Btbii.bei m the principal .j,m. ua&tfoe iM.uf.s miKtiy t'?-7?;1,'1"al"r0J,,!1erH'? CenUncntnl currencies. The Bcnndlna- r1" ' '-" fii'lfh-Grade Salesman I O'l rslilli. iu..r'l tin n iu n.iinluilnn '''.en' te IlituWiv tie n nnJ uun I man Ik-het Intv.itty rtrvrein'u excliangej. i liitermiitl jn In llrm luier cenlldaa. '. ISi, J.nlcr OllUe. lleiiER, ROCKEY & CO Veelfiul PaiK1ir A r-rei infant .', ... - .--. :--.. i n. 'U! DLM.J.l-l.;. trWU euuainvi ruiMiucjftiM vK1H Reserve Banks' Discount Rates fiffi Inl rcilUceiint r1tis hi (he twelie VJ rel latins li.inkK are fellows Trfan l.lb leiii I I!krn ULI1 11UI11M 1L.1 .M . H It IP N. w Vi rl l'lu..nM.lila .. ' v. in'l Itiihniunil Vt.anta 'lucntfii . . t" l.nula ... Mlnnit(el!M . . . Kmiflita City .. Dnllim ban Krunclace BANK CLEARINGS Hank clearing today, compared with cor cer cor rependlns tiny laat two years) 1022 1021 1010 v t... 70.1.1100.000 atiR.floe.ooo cisn.ri28.ci7n . 'S!Ai. 45,09t'.00O 4,7ttJJ32 BB,ST1,115 rmnllum Otfi Ilu'i'la ita' .s Ai i.eil I 4 I I4I vi -S 4' 44 i'? 4'i r 4 ' vi i;v i; c v-t v-, -14 !; vi 4l? vj i'l vi 14 l'i vf, n r, r, r, fl f. B R l'i 4li 4S. 4i 4 4 4 4 Mt I!) IiOlMO BO llKht. 110 40W 10 00 ui)i llitht. 110 H'.ipiO 80! packlnu ' icna iniMiih IM'tttHTi. pcklnr aewa, rcuuli $7 ijr,c 2B Itllllnir iiIb. IU 50Win SO. , SMI. Ill' Itc"-lpt". 3000 huart Linnhs, mi .iik "i 1 'Ulli-r Tep r-ltlici". 12 78: Min -li' ii I'" k. J12.S1 1 12 110: rullH te kill' i mi nil SiBii tcui i.iri Oregon liitnha, Jl." .'. viih .'Hi i H hIiii-p iery Hume, fut i .1 .- iwm tiinsil)' 1Mi"'(l f.1, cliulce i-iie.i nut i Ifnteil Marks were weak, 2fl PltlMlnirifli. .1 i.v 2r,li0 heml linm lli.ivlfa. I10I& 10 30 . .,1 ,.i. 0,1 ,v , l... .. ,.,,!.,,. I,t.l,i ,,.rbr. i.i,l lt, ill J'. 1 'I' 1" "' 1 a 1 1 r.e. HHKni' AND I.AMIIS - llerelpt'. BOO henrt Htxailv Mieep. 7, lanilx, 112 50. GAI.VES U'cupii. 1B0 licsail Hlsher. Tep $12. Kant nufTHlci, July 2S, TATTLE- Ite unlpta 32S hnail fitrady C'aliei, reculpta, 1000 head Ona dollar higher. R18, HOOS IUcelpta, 4"00 hrad Ten cents te SBe lower. Heavy. HOCflO.BO: mlxad. J10,7BSll,:Bi yerken. light yerkera and lians were strong. decllnifif! te .18. I'uotntlens were: Stcrllnir 4 -Hi, demuncl -l.l ; franc S 'J7, rheels S.UOV'i J lire rablc clucitH 4,,rill1j j Swiss cables c beelts IS. OS; peseta cables iheekM l.".,ri-l: Danish rnble.s clucks 111 "i0; Norway cables iicin i if si.i : fswcciiih entiles nullder cables cheeks .'1R.71 ; marks ,1S:K Demand Cablen 1'erna.nd Cables mar ine runs Lire OulMern 1 nit. ft -."j J Kit ..,. 7. TODAY'S Ol'ENINCJ QUOTATIONS ' 4 44n"5 t'WX' I-'re, tJuil.lr 4-JV 8 2(14 4.B0'-, 3k 7, 27 4.00 3D 7cl 4.4,1 DIVIDENDS DECLARED , Shell Union Corporation, quartern- nil t.IllllVl I l v. iir r.ent . ,t . i, 1 '. --" v i'rr i;ih cuintilatlie t,r . enbleB fjrrjvl series A. payal,9 AuKust ?B , .1 i'ji eterk of record Ju v hn " "' "' JO 01 ' fri3 :!' ' "el ""'I Iren Cempnnv uu.lr JJ.iil, terly $j en jireferreil, paynbla Aubusi 25 15,00, " ""wk of record AuiniHt in. l " lil..V". , ,;,,,n"'l', naniiary .M.inufucturlnK Coin 17 0( , iMI.07, 11S.70, (lUUIlPr V 1 -V. rir-l mn ..n . I Him J ir rout en rommeri, and an extra J pit rt,nt un lenimcjii, rtll lyiible Auwubi ,rA?..lll.erh cf 'word AUKiiat H, rmLidelptua Tnieilen Cumpuny, Beml-an- nU.ll IL' UllVatitit Of tcl.r ' tn ,nlf t,t i !. ni.ir.l Unnt...i -.. n w ine premium cm ,uv lern iiincis in V'Jii' ii., . u,, , ,. . . Montreal today iviis ,, Mmdn lower ntjl.r(:ilt?.!'rr:r.'S: (- per ceiii. J no iiincnunt en .un- . uur ie 'u nceru et Bepiemuer ml in n fuuda ln .New lerk was 1,'t-lU per cent. Central European exchange?, which were nominal for the most part, wpm irregular teday: Rumanian, ,04; BAR 8ILVER Demestla bar silver waia unchanerd In New Ynrk today ut OOHe par tine ounce; terelvn, flOWc, ci decllna of He. . in Londen, tha prlci) waa Hd lower at 8514 d, CONTIIMIVE American Stores Made a New High Recerd Lake Su perior's Comeback Pennsylvania Ilallreiitl again held (he renter of the stnge In teilay'n local mar ket anil en very active trading reached a new high for the year nt 'lT'i "r Vi point above the top price Kferetl yes terday. This is also the best price ob tained for the Pennsylvania shares since 11110, when thev seli! tin tn 1S-1,. It was the prospects of an early settlement of the coal strike that sup plied the incentive for the emit limed ac tive demand for the stock rather thini the better outlook for ncljtistment of the rail labor controversy. An cnrlv re sumption of real mining iu both the liltttminetiH nml anthracite districts would mean a big boost in earnings for the entire, Pennsylvania system. The lniltingement has nlready demonstrated an ability te turn in splendid net in come returns from small gre.s earnings and n settlement nf the coal strike would result In material Increase iu gross. Jf this happy result is reached and coal mining is resumed en a normal basis within the next fortnight there is n possibility of the directors making n restoration of the long-established (1 per cent rate in the third quarter, rather than deferring (hat event until the final three months which apparent ly was the accepted program. Oilier Interesting developments of the day's operations was the establishment of n new high record for all times by American Stores at 125V&. It is true this wns only a j point above the previous high-water mark, but the in cident was made mere significant be cause of the disclosure of the limited amount of stock offering nt'thc going quotations. Less thun fiOO shares changed hands In the further rise. While net making further headway the Philadelphia Electric shares con tinued prominent by reason of undi minished lirmness of both Issues. Lake Superior Corporation mnde a striking "conic back" rallying te 0". There wns a better market for the street rail way shares. Liquidation of Union Traction appeared te have spent Its force with the stock retrieving n Vi point of the less of the two preceding dnyH, rallying te 30'G. P. It. T. after recovering te 30(i, dropped gack te 110. Electric Storage Battery and the Genci'itl Asphalt shares also came back strong, hut of course, this exhibition was merely a tide play te the movement en the big beard. American Itallivnys advanced te I.'IV, en small transactions. Lehigh Valley ran up ever - points en odd lets. irrT.T 13 v OFFICERS ClIAULES IJ. 1NORUSOLT,, I'rcs. STANLEY E. WILSON, Vlcel'res. AUt'HIE D. tJWIFT, Vice-Pres., Cashier DAVID It. CAItSON, Asst. te Pres. ALHEUT H. ASHBY, Asst. Cashier WILLIAM "POST, Chairman Executive Committee Mr. Jonathan R, Jenes, Vice President of the Alan Weed Iren & Steel Company, of Philadelphia, said te us: "It strikes me that when a bank can held a client for ever 60 years, serving him well through the vicissitudes of business nntl troublous times, it speaks well for the management. I predict that an adherence te the same policies in the future will guarantee the same results. I have been a depositor of the Central National Bank for fifty three years." vjenirai iNauenai DanK of Philadelphia Chestnut Street at Fifth Capital $1,000,000 Surplua ajid Undivided Profits Earned $i,700,00.0 J ir Philadelphia Stechs Lew IL'.-! 18V4 7Hi fil 2Si 11 1:1ft P. Jl. 125 Net ChR. Vi LHVj-t- V 70-f- Vj 51 1 28.. 41 -IV Kl-'Vi -17M. n4 17's-t- V 71 3 10S .. 14 M Vs .'-!, a. na, r.H ?I IV. 12V. ii i " ', 71 a4 10S 14 S2 :f7Vi n-y, i i, 107 21 Va 12-i ""7' (10 107 HI HlBh 420 Am Strs.. 12.1V 100 Am Itwys. V.iVj 200th & O... 57 20tChes & O 70 Vi 10 Cen TrN.I Til riOtCM&Stl 28 lOfCub Cane Sugar pf 41 10fl)u Pent K 1 1.17'', 1.17", l..7Vi (i!17 Klee Ster. 47Vs 7,-tErie 17'm riOden Asph. 721 i 100 de pref..l0S 220l(ien Mtrs. 1-1 l.'KJt Ner pf S2 OOln Ce X A:'.7i.'. 1200 Lake Sup. !l", 20 Lch Val . . 00 20t.Mev el't..l07 IMttMex S Oil 22V, 10tM Sti, Oil 12:)4 JOOt.Me Pac.. 22T-S 2etXnt k&s n.i. r-i r:, 10tXerf&W.112 112 1121 leti'ne en., ri-m riiu. r,w,.. i i .. ..t . r Si.i 1'eiina it it 47 v.. 20 Prima Salt 7."i SOfPenn Slid Steel 7"s ie Phil in w as 10 Phlla. Ce. ::7 7.1 de cum pf "!) 251 Phlla Elce .'10 00 de pref . . Ill 460 Phlla T .'iOK 170 Phlla Trae 00 10 Phlla & W 0 aOtPijrce-Ar pref. . . . 23 lOOfPts&WV 40 210hcndlug.. 70 BOtStL&riwn 30 U.1T mtHfi 40Tonellel.. 1 l&i ir,'i 185 UnienTrnc 30'i 30j 8044- u, 48UOI..., C2'4 r.2 ca A 00 de pref.. r,r,V 55 ill?I y. 001 US Steel. lOP, 101 H. 101 uX V lOOfWestPae. 18'T. ISVj 18VS tNet change mnde by onmp.irliien with last mile en New Yerk stntk Uxchanee. I'liiuvnin.i'iiiA iiends 3200 Liberty 2d 4V,s M2 100. S2 t-.ii) j.iuerty -ith -J'As ",m. 1 1000 Itell Telephone 7h 1000 Electric & I'ee Tr 4s. 4000 Phlla Electilc 1st 5s. mm l'liiia Kiectrie 1st 5s. 40V, 75 7Ts 3S "17 2HTs 31 30 00 0 23 40 75 tStL&riwn 30 30 302 f Sinclair.. 31 31 Vi 31 ii K tStudebkr.l33V, 133 133 ', ir -ii 1 t.i i & -.i". .' 47, 'i 75 7 '6 S3 . . 37'G-f- is 30 . . 20Ts . 31 . . 30 tj, 00 1 0 - 14 23 40 X 70 2 302 31 High Yield Investments for Trustees and these te whom safety of principal and interest are of paramount importance. We recommend bends of MUNICIPALITIES adja cent te Philadelphia. Maturing in THIRTY YEARS, WITHOUT OPTION OF PRIOR REDEMPTION. Strictly residential communities of steadily increas ing growth. These bends are exempt from Federal, Municipal and local taxation (excepting Inheritance Tax). Fully descriptive circulars upon request. A. B. LEACH & CO., Inc. Investment Securities 115 Seuth Fourth Street Philadelphia Pittsburgh Crucible Steel Company First Mortgage 5 Per Cent. Serial Geld Bends Guaranteed principal and interest by the Crucible Steel Company of America There were eriftinnlly $7,500,000 issued in 191 I, of which $1,750,000 have matured nnd been paid. The balance of $5,750,000 matures $250,000 March I each year, 1923 te 1945, inclusive. Biddle & Henry 104 Seuth Fifth Street "Ihe Informcitlen nnd stntlntli's eentnlnfd herein tinve l-en nbtnliii'il ttem neuirca iihiih no licllein te be reliable. 1000 Phlla Klectrle 51.!.h. 2000 Phlla Klectrle 5V.s.., 1000 Phlla Klectrle lb,:..., 15000 Hemline general 4s..., .101.02 . 108 . 70 . 100is , . 101 . 101'.. . 101 L . leu-'t; MP -rnn i 1 Special Service in Ohie Securities Members New Yerk Bosten Cleveland Detroit Chicago Stock Exchanges N. Y. Cotten Exchange Chicago Beard of Trade Extensive Private Wire System OTIS & CO. Cleveland Xcw Yerk, Bosten, Detroit, Cincinnati, Columbus, Teledo, Altron, Youncstewn, Denver, Colerado Springs RAILROAD EARNINGS KOCIC ISLAND Jim. erem Nil uftrr tax ... Tu .tl Inniniu . , . fe'x irenthb' irre Net after lux . . . Telul Incoine . . . .,, ,!-n.rr. Increne Jii.'j., .027 .in.i,4:)j '.Mm ii ia 5UL',aii -i-Ji,'.'''" 4h:i.uii( SS JflU.74... .7.i(i5,(i5(i tl 701' U22 2H.1.H21 7,UUU.N41t 501 "117 lJUL,AI)t::.lJIIA AND HUADINCi June irrerm $3,(17.1.41)1 'Jl.. 141,(100 Net opt Income.. . ta'l.r.OT 70.1 Tin Six mentha' uress... 3R.auii lm lcnn'iiiiii Net epm. Inronie . S,,82,7tiS 2,8V,1"u i DJU.AWAJtE AND Ilt'DSON " June cresa J2.'jnn,01S '$1,427 500 Net eper rteflrlt... ;ii)2.0() 1 Ml uTi Hit miiuths' Kress .. 18, MM. I.Hn a ,144'h''7 ' Net epcr. Incema 1,414, 1.111 .l'"! i's5s I ni;w YOitK. ni:v havi:n and HAivrreitD June areai $10,210,8.17 .S'ft lift- r itt.t . 1.2IH 1(1.1 Net "I"r. Ii.ieirin h.11 7m Six iiuinllii.' irruiis.. fi7,'l7,727 Net after tax . .. II 417,unii Net mer incoine ... (1,81)5, ,i;u Di'irtMue. A Mnniifarturlnrr t'iiricirntlnii emilnc laluitlile plant ami nrilem cenntuntly en liunil t keep plant te rnpaclty i.K inenthn nlieuil ilr hlre te set In touch tilth In. illililinil in- lvlth lUcul eririiiilii. tlnn te take ntcr or te illnpoae of u lilnc-k of Murk rurryliil," kx kx rrpllenal rluhtH mill prltlleHeN. The iicmennel nml the propo prepo sition will bear strlitcit lnteiitl lnteiitl Riitlen. C 210, I.rditcr Oltlre $477, U.l 1.1)02,071 nn.-, i!ii ,2.7')2.72ll i 12,lf,l,2H'l I j U.U32,2UN MONEY-LENDING RATES NKW OltK Sleney en cull, both classes nf enlluti-rul, opened teitny m 3 per cent for lenulnir und renewlnif. l'HII.MlKI.rillA Call, 4V4 pPr cntl tlma, 4'i tu Vh rr cent: commercial paper, th-en te bIx months, VA tn 14 per t,,.ti 1 1 S. Ortlflcates and Treasury Notes Tnt. Maturln llld Aalri, VI. 1 13-22 tJ yiei a. no "" te leM a 111 100 1-32 ineti ' S ! Kin 13..12 lnnu i ,- ' ma ia.fi2 100 17-v i rn me1, nn) a iu a in mi m.m 4 no 1021:1.1(1102 1,1.1(1 V.n HUH 10H1 4KI 100 la hi ion it m : A1. ' .,.. . t.W... u.i ., ..-.... " '" "i , -i.,ipiiiii 11111M ,-Li,.-,wi iM.fiijix iiit'emn tax tAci'etitntilu ter liniment, of irunm,. ...1 due en ilat.i nf maturity. t'i'i Sept JU IK" . tai Dec . I'h Dee . t'4'l Mar , t3' .limn, r.i. .Inn-, lii f-ept. ! M'ir t 4 -s. J Hi ii.i.i 1P22 11)22. 1 022 1H2L' 102.1 lli'j:l Hi-I 1021 1112.1 1112.1 C. S. PATTOM & CO. 1 JU ft I III.-, I.M T ,Vrf. BANKERS ... iCTc-i,ri In SAII.KK a STIIVKNSON neniln mid .tiirlm liemht itnil cold. Memliern l'liiia. Bteck Fjclinnce. LOCUST 7270 DAS?tenKctN,iVTVu,r A. A. Heusman & Ce. Members A'tte Yerk Stock Exchange 20 Breud Street New Yerlt Are you aware of the importance of dependable stock reports In planning your market operations In New Yerk Curb Exchange stocks? YOU CAN OBTAIN from us concise, up-te-date com pany rnperts en nearly 100 stocks, a number of which are showing market activity. THE RESULT OF TEN years of effort te build the best possible news-gathering information service en New Yerk Curb stocks is at your disposal. TELL US THE STOCKS which interest you and let Ms give you latest reports. FREE ON REQUEST new 38-page book nnyferf Traders Guide" whose pages from cover te cover are filled with infor mation every trader should have for ready reference Call phone arltt Jenes &. Baker Member! New Yerk Curb Exchange Direct Private Wlret l.'tw Yerk Chicago Hollea Hhllidtlpbl" Pimtiufgri Detroit Uiltimere ClereltnJ PHILADELPHIA OFFICE Widener Building TW,e,. "" Lecu't 4730 Telephenei Keflene . Uace5fl61 DALTIMORE OFFICE Emersen Hetel Telephone - I'la:a845I MEWBURGER, HENDERSON & LOEB Members New Yerk and Philadelphia Stock Exchanges 1512 Walnut St. "SritXANB HAYS " A remark that In frequently en the tongue, if Philadelphia hueliiesi men. Fer unusual ncldmtB of l)Ulneii. for keen analysis of irniane us inciQfiiia ui uuBiucen. iur ueen unaly; men. method and events. Jtlchard Hi ranlcfl hlxh as a huilneau writer, if tides appear recularly In the Jluslness Bee. tlen of ths Poslie Lidqib, "ilaks It , Habit." Adv. Lee, Higginseh g Ge. rstalilldhrd 1BI3 BOnTON NEW TOH1C ruiCAOO 1800 Finance IlldgM Plillndefphta Savingt Difrartmtnt FjrstTs'atienal Bank ev Philadelphia n cnllluUT IT HORACE P. GRIFFITH & CO. Certified Public Accountants FINANCE BUILDING, Philadelphia Wlllard . O nder. c. v. Wm. Uwli lieatw. S. p. iv WHY Iimk 110 Invester ever lest lr of prlncipul or Interest en W wcerlty linuBlit of H. W. Btrijui 1 -' Writs for our toeklet 3-Q uuU !" '" risoe why. 8. W. STRAUS & CO. Meck Bzctaaia llldjr,, X'UUditM I ml i s.1.-. " U ..!., ' V"
Significant historical Pennsylvania newspapers