S.I "V 1 'iPH'V,U'.?ii,ViftW'.SR;ift i T ' -iA.XVTSWl.r tm(Jpijv..f FJWHra&sywnw 'W-l ' '-- - '.".. "' iVS-v-5 -lli" "f.wiyw;jjr"' -.,,-.,.,-.- v v - .r..rJ- t j- .' f ..?i f OTwn"ff:nEii rTu a rT iiJTi-i. "vi r i r. - ---" "r-,-Ti"i - ,' r " TTW d'-V-'-efV ', javrvica ana ataeuifjr " Personal Attention Is given te the wants of our depositors". Any mat ter that is of impor tance te them, is of in terest te us. We try. te eliminate all needless formality and "red tape." If you have a preposition te submit, you have direct access te our Officers, and are assured of a prompt and decisive answer. Integrity Trust Company Fourth and Green Street Capital $500,000 Surplus A Profit $1,939,000 fSH wLXfm WHOLESALERS Bankers and investment houses are invited te use our service when desiring te buy or sell any Govern ment Leans. "A Natien-Jt'ide Market" COMMERCIAL TRUST COMPANY Member Tedcral Reserve Syitem City Hall Square r i ITtiaH.aaaiiiafl! Electric Autelite 7y2s, 1932 at 100 and Interest Penna. State Tax Refunded A Kinkinc Fund opera'! e Sept. 1. 1022 redeems $25,000 per month at 105 F. P. Ristine & Company i:staiii.ixiii:i 1001 Widener Building, Philadelphia Nw Yerk Kt'7nr.erti N. J Members .Yen' Yerk and Philadelphia S'eck Exchange!! i 1 3 VALPARAISO VINA DEL MAR 8 Highway Improvement Guaranteed Sinking Fund Bends Price $138 per 1000 Pesos te yield about 7 fe Possibilities of 701 profit through Increase of Chilean 1'etna te for mer average normal level Circular V, V. en request. Fairman & Company Drcxcl Huildinjr, Phila. Ftiiiiiiii-ii inn's CorrcsjJemJcnM A. H. Bickmore & Ce. Ill Broadway, New Yerk The Institution That Gave Philadelphia Day & Night Banking Service FMNKUN TRVST COMPANY lath St. Belew Market Gcrmantnui) Art. Above Clirlten Aye. 02c and Murkrt .Sin, DflnMure Ate uiii Market SI Phila. & Willow Greve St.Rwr. 4 ',s ' Metropolitan Ediien 6'i 1952 Ptnna. Water & Pr. Ce. 5 1940 Detroit City Gat Ce. C's 1947 Carbondale Rwy. Ce. S's 1933 American Rwyi. Ce. 5', 7'i, 7''i, United Light & Ryvy. Ce. G'l 1952' Gas Lg t. Ce. of Auruita, Ga. 5'i 1922 & Valley Railway Ce. 5't 1952 Wilmington & Chciler Trac. Ce. 6' 1923 Samuel McCreery & Ce. ifcmberj I'hlla. Stock Exchange Franklin Bank Building Sprure 8070 Executive Wants West Coast Agency TO GKT in touch with a high - type man, who can take the Pacific Coast agency for your standardized product, write te O 520, Ledger Office. Tills man Is an executive of ability. He 1ms hud 112 years' experience with production marki'tlng and finance in a' large EuHtern corporation. A substantial salary mid bonus basis should prove mutually desirable. ISAAC STARR, JR., & United States Covernment Securitiea bought and sold at prevailing market pricea. B. m BT'i !6th & SMem Sts., PhUadelphia -aU4 T RAILS CONTINUED MARKET BACK LOG 8al 100 400 300 000 tee 1530 100 800 200 300 tee 1400 5000 300 300 300 200 100 100 100 900 300 200 100 25 5200 100 200 1930 6700 1400 35 200 4100 700 200 100 4100 200 700 100 203 1430 200 1900 200 700 1700 500 700 500 300 400 500 10300 8600 35 300 100 400 200 103 200 003 2930 930 100 200 100 3930 1600 300 100 100 300 1530 1030 400 900 1300 1300 1403 COO 500 2633 5500 500 100 200 200 6900 8803 8700 4800 100 100 900 1330 900 100 100 1503 200 200 400 1930 2330 500 100 2500 1200 500 1900 3400 6000 6100 100 1933 1030 300 100 300 900 200 1730 930 1030 200 500 100 2930 1500 500 1000 100 303 100 603 2100 100 200 6400 100 500 9100 103 100 100 500 100 600 803 8203 300 500 400 200 2200 1000 5 JO 600 600 200 500 100 1000 100 100 200 100 1830 600 1030 530 700 400 20J0 100 1900 7 100 500 3900 330 400 300 2030 1100 200 II 700 100 100 100 800 1800 1400 General List Again Displayed Sturdy Resistance te the Bearish Tactics New Yerk. Auk. 10. The strength of the railroad shares supplied n strong uncK ier te today's stock market, es pecially during the forenoon, when n , goodly sized volume of left-ever selling was encountered In different parts of the I list, coupled with further nggresslens en the part of the bearish clement of the room traders. The strong position of the rail group comminuted mere nt- 1 tentlen because of reiterated bluff and . bluster In the strike news. Price move ment altogether va9 about en the snn.e 1 mercurial order as witnessed In the re cent cslnn, reflecting radical and con stant slllftlne of nnsltlnn en flip nnrt pf the professional element. As noted heretofore, the market, as a whole, con tinued te displey sturdy resistance te the tactics of the bearish element and continued te encounter the least line of resistance en the upward tack. While there was a lack of definite news concerning cither the rail or cnnl strike, the market community was disposed le treat the less favorable de velopments overnight lightly. The bi tuminous operators and miners, while net having readied n satisfactory agree ment, there was a strong belief that a harmonious understanding would be reached and definite results were likely te be obtained during the next twenty four hours. This thought was prompted by guarded intimations coming fren. the conference te the effeet that ether operators who have held out against meeting in general conference may swing into line later owing te the grow ing famine of fuel and the high prices being offered for it by many of the leading Industries. The feeling rencernlng the rail situation was less hopeful ns it was frankly admitted the deadlock was nowhere near solution. The growing restlessness of ether and mere im portant rails unions threatened te plunge the situation In a very chaotic condition, and fears were c.xprensed drastic congressional action may be necessary in order te keep transporta tion from being paralyzed. Speculative inteiest converged en the high-priced railroads and industrials in the early afternoe-i and the lnfluence of this buying wan felt throughout the list. The rendineM with which stock nil vnnced materially en moderate absorp tion indicated scarcity of offerings at current levels. Call money hardened te 4j per cent after midday, but this exerted no restraining influence en the buying. Liquidation of low-priced Industrials, combined with an increase in call money te ." per cent, halted the advance In the linal hour. Willys Overland common and preferred. Kenneeett Copper, Cen tral Leather and Worthlngten Pump developed heatnefes, folding 1 te 3'a points. Prices for feieign securities in the bend market were nui-tinmirj. reflect ing the pessimistic feeling here regard ing outcome of the meeting of nllled Premiers in Londen. French .x, Zurich Ss. Belgian 7'js and Ss, Chinese Itallway ."is and Trench-American Ts were down J'j te 1 pem,'. However. City of Mae Paule 8. Marseilles Cs ami Soissons lU were slightly better. Weakness was nlse manifested in do mestic rails, declines of hi te IV. points being registered by Colerado nnd Southern refunding 4'is, Denver im provement IN, St. Paul refunding 4'.js, Atchison convertible 4s of 11)00 and St. . Leuis and San Francisce income IK I Atchison adjustment fis improved frac tionally. The industrial list was al most neglected. Might losses being hhewn by Goodyear Ss of 11)41 and Mentana Power Cs. Liberty Bends, especially the P.'js. opened strong, but canceled must of their early gains before neon 011 n fairly heav turnover. Prices moved with an uneven trend in later dealings. St. Leuis South western 4s were up - points. Southern Carolina and (ieergia "i'-js were up l1 and gains of a point each v. ere regl" tered by Chesapeake and Ohie conver cenver 1 tible J"p mid Uepublie Steel ."is. San ' Antonie, nnd Aransas Pass 4s dropped 1 2 and bllghtly smaller declines took place in Cuba Cane "3 and Goedrich (Pis. FOREIGN EXCHANGE New Yerk, Aug. lit. The market for foreign exchange continued nominal during the day, but at the end quota tions showed rallies from the early low figures, bringing the lending exchanges well above the linals of yesterday. The 'extieme rallies from the low points ex tended te 9'a points in francs and ll".. points in Belgians. Sterling scored n net gain of J'j point. Marks left off enlv an unimportant fraction above the low record. Late quotations were: Sterling ca bles 4.40' it, demand 4.4."iai ; franc ra bies S.lhVa, checks S.044 ; Belgian ' nbles 7.05'j, checks 7.54;)i : lire ca I les 4.50. chicks 4..".",L; Swiss cables 10.01, checks 10.O1 ; peseta cables 1." 40, checks 1.".47 ; Punish cables '21 .".'!, cheeks 'Jl . lb , Norway cables 17'" checks 17i'i; Swedish cables :.'! 1.". cheeks lit! 1(1; guilder cables .'H0, checks I!S 7" : marks .lls. The premium en Xew Yerk funds in Montreal tedu vwrn 5-1(5 per cent. The discount " Canadiun funds in New 'Yerk v. as O-.'ili per cent. The interruption te fable transmission was responsible for a wld" variance in quotations en Central Burepean ex 1 henges. Nominal ligiues were 11 h fol fel fol eows: Bulgaria, .70; Kumnman, .0r ; Serbia. 1 -1; drachmas, .'1.14; Czecho Czeche Czecho Slevaltian, i 17 , .Tube-SImvIu, ,,'iO' . ; Polish, OLin Finnish. IM.'i; Austrian, ,(Xl2H; Hungarian, .07. VESTEnDAY'H CLOHINO QUOTATIONS Stnr'lnx Kmnci I.tr Oulldern t)manil . . 4 4ft"-i H.01 s 3 .18 70 CaU -8H H 01V4 i.XiV, as 73 TODAY'S OI'j:.VINO QUOTATIONri bterllng rrenca Lire (iulller perran . . 4.1'li 7 sit 4 S2 as Ti Lablet ... 4 45"i 7 UU 4 3a'4 3S 77 CI.OMNO QUOTATIONS Hierhnr I'ranci l.ir ijullilem Ifinand . 4 4'i Ofi'i 4 tltVii ,1h 7ft (Jllblrs 1.4H 8.0U I 5.1 84 (te 1934 8'i 36 GRAIN MARKET Wheat Sept. ... rc May .... Cern Hept. ... l)c ... May . . . Oats Sent. Imp . . . iMay l.nrd Sept. . . Oct I Ittba , 8Dt. . . . Oct Or.enln.r HlBhut I.ewent rinilna . 1 0 1 OS l.etVi 1 05'i , . l or,1, t ui)4 i ei ' i ertil x ei) i J 11 i fi4 S4 07 .inn r..i n7', t)S as .11 S4'4 87 4 SI" 34 'H 37. S4'-i 34 .10 sr. . 1U.I)5 1 0 ft.1 10 93 10 03 1U.77 10 75 10 SU 10.01 l. 1)2 0 1)2 U.30 NEW YORK COFFEE MARKET Yent. ( IOK( it. ns ii as u 87 tl.SlI 11.3.1 li 34 11.33 II 33 1132 II III II 31 li 31 Opfn li :'nu:il High U 3.' I.ert Cleie 20 Auir . iyfpt Oct . . Nciv. . . Die Jan. . rel. . Mnreh. April May June li 31 II 21 II 23 025 ' 22 l 21Sf22 li 21 0.21 II 21022 K.20 n 20 n 2f)fT2l I). 20 B 20021 8 20 I) 20JTSI WHIM U27 CO. I) V32S Olie' (I 311 23 H.2.1 0 22 Jul) .Semlntl ,n- SILVER er waa unrhsngul In ftftae wr fln eunca: rinsed. In Londen, tha a at SfKd. L iDemeatl New Ver foreign, t pce waA p.vp.wTvn TTTTT.Tri t .ivnaini?.pmrA mnTiPTTT A . TTrnramAY AUGUST 10, 1922 JL-rfJLl JLO-1 VJ JU V-'XJLiXV JWJJUiJU'V- UAI NEW YORK StOCK MARKET Only Afternoon Rtpert In Philadelphia Quoting Full Lift Dlv. In I STOCK Hlh .. Adams Express...., 75 .. Advance numely... 19 3 Advance numely pf 49H .. AJax Rubber 1U4 .. Alaska Geld Mints H Allied Chem A Dys 73H 7 Allied Ch A Dye pflOB t AJHa.Chalmen .... 83 H Am Agrle Chm.... 37 Am Beet Sugar..., 48 Am Besch Mameto 38H 4 Am B sh Fdy new 70 Am Can S9H U Am Car ft Fdy.... 473 .. Am Cotten OIL... 26H Am Drug Syn 34 Am Hide A Leather 14 . . Am Hide A Leath pf 70 7 Am Ice 111 V& 6 Am Ice pf 93 .. Am Internat Cern. 36V4 1 Am La France Eng 13 .. Am Linseed 34 Am Llnaeed of 52 '4 He Odd Let 52 6 Am Locomotive.... 1 19 H 7 Am Loce pf 118 Am Metala pf 107 H Am nadlater "4 Am Safety nazer... 714 Am Ship A Cem... '714 Am Smelt 6014 7 Am Smelt pf "014 3 Am Steel Feundrle.' 41 .. Am Sugar lief S0T4 .. Am Sumatra 39V B Am Tel & Cable.... 37 V4 3 Am Te! ft Tel 12254 12 Am Tobacco 148 12 Am Tobacco B...J4514 .. Am Waterworks... '6H .. Am Watrwks 6 pf 40 !4 7 Am Woolen 9' .. Am Zlne Ld ft Smelt 17 V .. Anaconda Copper... 53 H .. Assets Realization. 'H 4 Asse Dry Goods... 56 !4 6 Atch Tep ft San Fel0214 6 Atch Tep & S F pf 9314 . Atlan Ulr & Atlantle 3J4 7 Atlantic const Llne114 .. Atlantic Fruit 214 .. Atlantic Fruit ctf . 214 .. Atl Oulf & W I S S 30H 7 Baldwin lxcomettvo1244 .. Baltimore & Ohie.. 58H 4 Baltl ft Ohie pf.. 63 .. Bar-.silall Class A. 3014 . . Ilatepllas Mining. . . H , . Beechnut Packing. 34 C Beth Steel B 77 V 7 Beth Steel 7 pf. 97 H .. Beeth Fisheries.... 9 8 Brooklyn Edlien...'17 .. Bklyn Rapid Transit 254 .. Bklyn RT ctfs of db 214 5 Bklyn Union Gas. 113i .. Brown Shee 5314 . . Brunswick Terminal 3 10 Burns Bres A 136 J4 2 Burns Eres B 49 .. Butte Cep & Zlne. 7J4 .. Butte & Sup Cep.. 30 .. Butterlck Ce 20 .. Cadde Cn O ft n.. 104 6 California Packing. 6314 .. California Petrel... 57 J4 .. Cat Zlne ft Lead... 8!4 10 Canadian Pacific. 142 Vi .. Case J I Plew 7 .. Case Thresh Ma Ce 41 .. Central leather... 39 .. Central Leather pf 72 .. Cerre-dc-Pasco .... 3914 6 Chandler Meters... JB i Chesapeake ft Ohie, 77 .. Chicago ft Alten... " 4 .. Chicago ft Alten pf. 19 .. Chicago ft Gr West 8T4 .. Chi & Gr West pf . . 21, Ti .. Chi Mil ft St P 32& .. Chi Mil ft St P pf. . 9H G Chi & Northwestern 87 '4 .. Chi R I A Pae 4514 6 Chi R I ft Pac 6 pf 84 H 7 Chi R I & Pac 7 pf 9614 E Chi St P M A O... 7214 .. Chile Copper 2214 .. Chlne Copper 29H G Clev Cln C ft S L. pf 98 .. Cluett.Peabedy .... 5614 i Coca-Cela 70 i .. Cel Fuel ft Iren.... 30 5 Cel ft Southern 49H .. Celum Gi A Elee.. 94 H . . Celum Graphopheiio 4 .. Cel Graphopheno pf 14f 6 Cemput Tab Rec... 68 .. Consel Cigar 36 8 Consolidated Gas... 122 .. Consel Textile 10J4 . . Continental Can . . 77 4 Cern Products Ref. .11514 2it Cesdcn ft Ce 44 .. Crucible Steel 91 H .. Cuban Am Sugar... 26 7 Cuban Am Sugar pf 93 14 .. Cuba Canu Sugar. . . 15 .. Cuba Cane Sugar pf 3814 .; Davlen Chemical.. 48 .. Debcera C Mln Ltd. 214 9 Uelaware ft Hudsen126 6 Del Lack & West... 133 8 Detroit Hdlsen HO 5 Deme Mines 334 8 Du Pent (B I) Ce. 132J4 G Eastman Kodak.... 7614 .. Kile Hern Ceal 1914 3 lllec Storage Eat... 46 H .. Emersen. Brant pf . . 36 .. Erie. '714 .. Erie 1st pf ?6J4 .. Erie 2d pf '?, , 8 Famous P'.ayers L.. 84 Yt 8 Famous Players pf. 94 H G Fed Mln & Smelt pf 53 Vj 8 Fisher Bedy of O pf 87 H .. Flsk Rubber '214 .. Freeport Texas 20 yA 3 Gen Am Tank Car. 6214 7 Gen Am Tank pf...102J4 .. General Asphalt.... 7014 6 General Cigar 7614 8 General Electrle. . . .178 .. General Meters 13 !4 .. General Meters pf.. 8014 6 Gen Meters deb 6 8114 .. Glldden Ce 14(4 .. Ooedrlch B F 34 7 Goedrich B F pf ... 85 54 .. Granby Mining 32 .. Gray ft Davis 16 7 Great Northern pt.. 90 !4 4 Gr North Ore ctfs.. 40 ,. Guantanamo Sugar. 13 54 . Gulf States Steel... 81 i Hablrshaw Electrle. 2t 2 Hudsen Moter Car. 2014 1 Hupp Motorcar.... 17 . Hydraulics SteeL... 9 7 Jlllnels Central 109 54 .. illnels pf wl HlH . Indlahema Ref 3 5a . inspiration Cen Cep 404 .. Inter Cen Cep 114 . Inter Cen Cerp pf . . 3H .. Inter Agriculture..., 9 .. Inter Agrle pf 37 214 Internal Cement... 31 2 Inter com Eng 2314 6 lnt Harvester new.. 110 . lnt Mer Marine.... 14 0 lnt Mer Marine pf.. 64 .. Inter Nickel 18 International Paper 5 'a Inter Paper stpfl... 72 .. Invincible Oil Cerp. 1354 Iren Products 315 '. . Island Oil V De Odd Lets 4 .. Jewel Tea pf 68 Jenes Bres Tea.... 45 54 .. Kansas A Gulf 4 54 Kan City Southern. 26 H Kayser ft Ce new... 45 54 ,'. Kelly-Sprlngf.cld ... 43 Vs .. Kenneeett Copper.. 36 .. Keystone T ft R... 0J4 7 Kresge S S "59 Lackawanna Steel.. 77 7 kaclede Ga of St L 88 ., Lake Erie A West pf 67 2 Lee Rubber 2754 314 Lehigh Valley 66 7 Lima Locomotive. . . 55 .. Lima rts 6 Tedar'a I,ew 73 184 4814 1154 H 72H 108 33 36 4714 38K 67 H 38 173 26 5 14 70 111V4 93 35 12Ji 33 52 U 52 UB'a 118 10714 110 7V4 17 54 60 54 98 54 4054 8014 39 57 54 122 14714 144 16 40 90 17V4 53 114 56 101 Ti 93 3K 113 54 2J 2 30 54 123 57 63 2914 33 54 77 54 97 9 11574 24 20 113 5314 3 135 48 754 30 20 10 8214 56 54 8 54 141 6 40 38 71 54 38 56 74 54 1154 19 8 2114 31 4814 65 44 e4 96 54 70 21 29 54 98 56 54 69H 30 49 54 93 3!4 11 66 54 36 '21 V 10 76 54 113 42 54 90 25 54 93 14 38 47 54 21 125 131J4 110 33 54 131 76 19 4654 36 17 54 2654 1854 83 94 53 54 87 12 20 62 54 101 68 54 76 54 178 13 eeji 8154 14 54 33 H 85 54 3154 15 88 54 39 1254 80 ?4 2 54 19J4 1654 8 54 108 111 3h 4054 Hi 3 9 37 30 J4 23 54 107 13 54 63 ', 1714 53 54 72 13 3114 68 45 4 25 45 42 Ti 364 854 158 54 76 88 67 27 54 63 54 5 UIOM 73 19 4914 1114 -53 -36-47 74 39 69T4 2 59 173 26 5 14 - 70 11114- 93 - 3614 13 33- 5214 - 52 118 110 10714 7 114 r 754 1714 6014 98 54 40 54 80J4 39 -5714- 12214 148 -14514 16- 40 -90-17 74 53 174 56V4- 101 T4- 93 54 3 74 11374- 254 2 30 54- 123 54- 57 74 63 29V4- H- 34 77 97" 9 117 25 21 113 5314- 3 13674 20 -10-82 56 54- 6 54 14174 7 4054 3BV4- 71 38 58 76 Ti 1114 19 -8 2174-31-48 87 45 54 72 -561-4 70 -30 49 94 -4 14 68 -36 -121 li - 'OH 77 - 114 54 - 43 S0- 25 54" 93 14 - 14 7a - 3814- 47 54- 21- 125- 133 110 - 33 - 131 - 76 54 19 74 17T4 26 19 83-94-53 54 87 '2 20 -6214 10214 79 74 7654 178 - 13 00T4 0154 1454 34(4 85 54 40 12'4 -E0J4- 214 20 54-1654- 854 100 -111- 3J4 40 54- 114- 3 9 37 3014 23 54 108 54 13 5-i-64 18 55 72 13 - 3154 - Ti 68 45 54 454 26 45 - 54 43 54 361 854-15854-76 88 -67 27 54 63 74-1 55 54 - 3H- BANK CLEARINGS Jlank clearlnea tedy compared with cor cer cor reapendln dasMaat two mm JW nhiiA . .sai.oeo.ooo 158, 000, nun iss,(ie.7i7 C Yerk (IIS, 201.000 5.14, OOO 000 720,ft93,7fl lleatnn 47 000 000 40,720.808 lia.4HO.ll71 "hicaite saanii.oeo kimioe.ooo 103,2110.105 Cleverseed Ituliith. .Minn,, Aug 10 Flawed. Sep tember. 12.31. bid Octebar. 12.27 Novem. ber, 2.2i5i, bid, December, 12.20, bid. MONEY-LENDING RATES NK1V YORK Call money firmer. Utah, 5 low, 4, rutins rate, 4: clealns bid, 0; oft red at fivi s last lean. 0, fixed data money waa hither. Leana were made at 4U vr cent for ninety daya and at 4Vi par cent for five and alx mentha. The eall lean ratea nn prima bank arcapt uncei wae ait per rent, uutineia waa a llttlii mere active in acceptance, Jtatea were unchanged, Offerings nf lh hlgheet grade mercantll paper continued light. Seme builneaa la being done at 4 and 1V4 per cent, and from that JL AAJ.MAAJLAJMJ. M.My 4Vrv , . - Today's salwii Yesterday's sales.,. Total for this week. . . . .587,100 ...009,400 , . 8,570,000 Net Dlv. Sales In t Chce. 8TOCK Hlsh Ta. t., . . IRK Lew '654 12 . 134 3454 100T4 3354 44 54 4454 3554 6254 22 3B 13 2854 4654 3454 1854 128 54 1874 16B 22 19 2954 12 54 33 10 66 8354 11 17 43 22 54 56 10 23 74 22 16 150 55 74 99 113 4 16 74 26 4 68 97 54 79 8454 31 19 11554 74 54 44 14 0154 31 ei4 2 136 10 Ti 35 54 7 72 76 1154 52 54 73 T4 6854 10 54 46 7 8974 22 37 74 69 40 54 42 !4 9 74 23 54 7 42 65 39 90 54 21 54 66 81 89 120 54 49 29 109 16 54 7554 16 31 71 91 3 27 48 113 54 52 54 1554 , 30 52 '4 32 54 5054 354 13 4 7 54 1254 84 1054 30 K 914 9174 26 54 60 54 1854 119 14 700 300 100 2100 100 7700 200 100 109 100 200 700 700 2200 400 300 100 2400 1900 100 3400 15000 3000 400 14 'H 14 14 54 1 Left candy 1254 7 Louisville A Nash.. 134 . . Mack Truck S3 6 Mackay Ce 10074 Malllnsen Ce 33 7 Manhat Elev Guar. 49 .. Manhattan Elev ctfs 4454 2 Manhat Shirt 3B54 .. Market St Rwy 7H .. Mar st Rwy lit pf. 36 . . Market St pr pf . . . 83 54 .. Mar St Rwy 2d pf.. 2274 4 Martand Oil 38 54 .. Marlln Rockwell... 14 2 Martin Parry 28 Math Alkali 4854 .. Max Moter Class A 83 .. Max Moter Class B 1954 8 May Dept Stores...' 28 li 4 Mclntym new 19 54 12 Mexican Petroleum. 172 54 .. Mex Seaboard...... 23 6 AIAX Rahn,1 rtit M 114 54 54 54 "' 54 H "54 14 "l4 454 54 200 2 Miami Copper 29 ?2rSl-M StSfe- Cerp! S 1400 .. Mldvale Steel 34 930 200 50 400 3930 500 1500 1000 11000 9400 400 300 500 500 930 200 300 300 100 200 3300 BOO 900 4430 100 200 1100 200 1400 11900 100 700 900 300 600 100 300 1000 5200 8700 5700 400 400 2100 6300 700 100 7400 203 400 1900 400 200 2500 300 300 1000 100 .. Mln St Leuis.... 1154 M St P & B St M.. 6654 7 M St P A SSt M pf 8554 .. Me Kan A Texas.. 12 .. Me Kan A Tex (wl) 10J4 .. Me Kan ft T (wl) pf 43 .. Missouri Pacific... 22 74 54 54 54 14 54 ' 54 54 54 54 54 54 54 .. .e acine pr 57 .. itmtner L M Montgomery Ward, 1154 24 54 "mums Bedy... .. National Acme . 7 Nat nt.,.it . 22 . 1674 .151 .. Nat W, a aL'-lJ." 5654 fl AI Anal T. (An 7 National Lead pf..113 . Nat R R of M 2d pf 4 ; v Cen Copper.... 1674 f 'w Jerk Ont ft W 2654 1 m ?.ex& M--.. 6854 6 NY Central S854 6 N C A St L 2d pf 65 .. New Yerk N H A H 31 Norfolk ft Southern. 19 7 Norfelit ft Western. 11654 0 North American... 74 74 3 North Amer pf. ... 44 74 .. North American rts 14 0 Northern Pacific... 8354 .. Neva Scotia S ft c 31 ' 2M Dedy Blewer 7 .. Okla Pred ft Rer. .. 2 8 Otis Elevator 137 .. Otis Steel 11 2 Owens Det Mach... 35 54 .. Paclfie Devel Cerp.. 7 6 Pae Gas ft Elec... 73 54 .. Paclfie Mali II y, 3 Paclile Oil 52 Ti 6 Pan Amer Petrel.... 74 54 0 Pan Amer B 68 74 .. Parrhm ft Bingham 10 2 Pennsylvania R R.. 46 .. Penn Seaboard Stee 7 8 Poeples Oaa Chicago 91 54 .. Peoria ft Eastern... 22 54 .. Pere Marquette.... 39 0 Pere Marq pf 69 3 Philadelphia Ce.... 40 2 Phillips Pet 43 .. Plerce-Arrew Moter 10 . . Plerce-Arrew Met in 24 .. Pieree oil 754 . P'Kly "Wlggly Stere 43 54 G Pitts Ceal 65 54 .. Pitts ft W Va 40 14 114 54 254 54 114 54 14 " 154 54 54 14 1 54 54 "54 54 54 54 1 " 54 54 2 " 0 Pitts ft w Va pr. .. 90 !4 1rr ... i. " ,a Pr... U; JSX ' entl Cr't Ceal... 21 Ji 3200 5 Pestum Cereal...'!. 87 100 300 900 1100 700 303 400 2200 100 100 300 200 1003 200 400 .. i-ressea steel Car.. 81 6 Pub Ser Cor of N J 89 8 Pdllman Ce 121 .. Punta Alegre Sugar f.0 54 2 Pure Oil 29 8 Railway Steel Spg. . 109 .. Bay Cen copper. .. . 1654 4 Reading 76 .. Relg & Ce 16' .. Replegle steel 31 .. Repub Iren ft Steel 72 .. Rep Iren ft Steel of 91 .. Republic Meters.... 3 .. ReVnOldn Snrlne-a 97 54 1 54 54 54 14 54 3 RvnnM TViK 100 7 Reynolds Teb pf'. 115'i , 32 '554 2 100 G. 20 Royal Dutch N Y." 200 St Jesenh Ia1. 54 1 14 54 54 54 54 '54 154 14 54 6200 700 6603 3000 400 100 1100 200 200 5100 100 4900 1300 4300 4700 1500 300 100 100 900 200 100 400 300 600 27530 1000 900 600 2800 5500 100 400 300 1930 1700 6200 200 600 1300 3300 100 5500 2400 200 100 100 100 200 600 - 503 2600 2400 400 400 2800 100 300 4100 St LeuIh San Fran 31 St Leuis S Fran pf 54 54 ei .ueuia southwest. 34 St L Southwest pf.. 51 San Cec Sugar 3 Savage Arms 13 Saxen Moter 4 54 Seaboard Air Line.. 7 54 Seab Air Line pf.. 12 Sears-Roebuck .... 88 Shattuck Ariz Cerp. 10 54 2 Sinclair Consel 30 Skellv Oil f!e OK. 6 Southern Pacific... 92 .. Southern Rail 2614 .. Southern Rail pf... 61 .. Splcer Mfg 19 8 Standard Mill 119 Standard Mill pf... 9254 4 Standard Oil of Cal1054 G Standard Oil of N J 100 7 Stand Oil of N J pf 117 3 Sterling Products... 52 3 Stewart Warner Spd 43 .. Stromberg Carb.... 45 10 Studebaker 125 54 .. Sub Beat Cerp.... 6 54 , . Superior Oil 5 54 . . Temt Cern ft F "A ' 1 8 Texas Ce 4654 .. Texas A Pacific... 32 1 Texas A Pae C A O 23 .. Third Ave 23 .. Tidewater Oil 126T4 6 Tobacco Products.. 53 7 Tobacco Pred pf...108 .. Tobacco Pred A.... 78 T4 .. Tobacco Pred rts. 25 54 .. Tel St L A West... 53 .. Tel St L ft W pf... 50 54 .. Transcontinental Oil 13 54 6 Union Bag & Paper 01 54 .. Union Oil 21 10 Union Paclfie 145 4 Union Paclfie pf 78 54 7 Union Tank Car pf109 2 United Alley Steel. 37 54 .. United Drug 79 8 United Fruit 140 .. United Rwy Invest. 15 54 .. Unit Rwy Invest pf 3l7i . . United Retail Stores 64 . . Unit Retall Ster rts 1 Ti .. U S C I P ft Fdy.. 34 ..US Feed Products. 7 54 .. U H Ind Alcohol... 62 74 7 V 3 Ind Alcohol pt 95 54 ..US Realty A Imp.. 70 li 1 92 54 105 160 117 52 43 44 54 123 54 654 5 54 154 46 30 23 22 54 125 33 54 105 78 54 24 5154 47 54 13 6154 20 144 77 54 109 37 54 79 148 14 30 63 1 34 7 54 02 54 9514 70 55 104 48 54 100)4 11954 65 54 16 48 !4 27 K 62 55 11 1254 32 107 1'54 21 19 no 94 61 13 25 54 2554 47 7 74 5 3554 88 31 120 49 54 9 54 54 '54 54 14 54 54 54 14 214 54 14 I 1 U O 11UUDCI iJ 8 U S Rubber 1st pf.104 100 100 3 Vi U S Smelt R ft M pf 48 54 13930 G U S Steel 101 400 7 U S Steel pf 120 200 2 Utah Copper 65 54 600 .. Utah Securities..., 16 1700 .. Vanadium Cerp.... 49 200 .. Va-Car Chemical... 27 54 400 Va-Car Chem pf... 62 Ka 300 C Va Iren Ceal & Ceks 55 54 100 .. Vlvadeu Ine 11 3503 .. Wabash 13 54 4803 .. Wabash pf A 33 54 600 7 Western Elee pr... 10754 400 .. Western Maryland. 11 80 .. W Maryland 2d pf 21 200 ., Western Pacific... 19 500 7 Western Union Tel.11054 100 4 Westlngheuse A Br 94 1400 4 Westing E 4 M,.., 6I)J 900 . Wheeling & L E. . 14 200 .. Wheeling ft L E pt 25 530 2 White Eagle OIL... 25 200 i White Moter 47 100 .. White Oil Cerp.... 7 74 10100 .. Willy Overland .... 7 7100 .. Willys Overland pt 38 54 100 7 Wilsen A Ce pf . . . . 88 100 .. Wisconsin Central.. 31 100 1 Weel worth F W pfl20 2500 4 Werth Pump ft M.. 51 1300 1 Wright Aero 9 Hi! 54' 54 1 54 54 14 154 54 I Ex-dividend level up te 44 per cnt for leaa atrlctly gilt, edged material. ' '" rillLADKLI'IIIA Call, 4H per cent' time, 4 U te 4 H per cent! commercial paper.' three te aix month, 4, te 4 4 per cent? Flaxseed TP'JlnV AA' J '-'loveraeed, prime caah, lO.Vfli October. IO.SBi December, 1,73. Alalke. prima raah. ID.nOi Ociebar, III, 50! December. 10,50. , Tlmethv. prime V&ii '2,7ai 0ctebr- M.TSl December, I,7l7l -11 lAnAniTin HTIIIIT l.i Hi sharm shares shares nm sides Placing of P. R. T. Equipment Certificates Big Victory for Mitten Management Today's Nat Clene Chse. 1654- J 12 - H 134 li; 55-54 10074 3474- 4454- ?H 4454 7 3B54 7 1 36 AMUBAIIliMUNI ru. 6354 'H 22 54 3854- H k13 2 2854- 14 4654- 54 53 18 .54 I2B14 19 ,54 '7' 54 'J 2274 H 19 H 2954 - 54 12 .. 34 - 54 1154 6654- B514 14 12 1814 54 43 22 H 56- 54 11 2454- 14 22 - .14 16 - 150 - I 56 - H 9954- '54 113 '54 4 .. 1674- 14 2654 54 6854 14 97- .54 81 '54 8554 '54 31 H 19 74 11654 14 74- 54 4474 54 14-54 82 14 31 654 2 54 137 2 11 35 54- 54 7 7354 - 54 1 1 54 - 54 52- 54 74 74 68 74 10 .. 46 54- 54 7 54- 54 90 - 22 - 54 3954 H 69 54 40 4354 10 2454 7 - 54 42- 63 - 54 40 54- 90 54 54 21 54 . ee- 54 81 - 1 89 -). 14 120- 54 0 - 2954 '54 109 1654- 54 76 16 - 74 31 71 - 154 91- 54 3- 27-54 48 11554- 5254- 54 i3 54- 54 31 5214- 1 33 1 5054 354- 54 13 4 7 54- 14 12 87 1 !4 10 14 - 30 54 54 954- 54 52 54- 26 . 61 t4 '9 119 2 9254 105 180 154 '1Z 52 43 - 45 -f Ti 124- 154 6 54- 54 5 54 .. 1 .. 46 54 32 54 154 23 22 74 .. 126 Ti 53 54 106 1 78 Ji 25J4 54 53 50 54 13 - t4 61 54 1 20 74- 54 144- 7854 1 109 1 3714 .. 79 1 148 - yt 1514 14 31T4 1 64 Hi - 54 34-54 754 .. 62 Ti . . 95 54- y 70 - 1 57 14 104 - 1 48 54 54 0054- 74 11914- 54 6554 54 16 .. !4 2754- 62 54 1 53 54 754 11- 54 12 f- 54 33J4 107- y, 11 r 54 19 110 54 I 154 94 6 154- 54 14 f y2 23 111 25- 47 7 H 14 ,?- ?'. 37-2 88 1 31 120 - 49- zy2 0 54 54 The two outstanding events of the lecnl market was the exciting acrobatic performance given by American Stores and the announcement of the offering of P. R. T. equipment trust certificates. Te the complete consternation of the local trading contingent American Stores, after its prolonged and unin terrupted rise, hnd a heart-breaking sinking spell shortly after the opening, when it suddenly plunged downward with n thud from 140 te 133. There were wide breaks between sales, In some cases 3 te 4 points, suggesting the reaching nnd uncovering of step less orders, with which the market was virtually undermined. This represented ft slump of 'SiYi points from the "ign mark made en Tuesday, and repeated In tlie early trading yesterday. Ordinarily, such violent fluctuations would kill all the speculative interest nnd enthusiasm existing, but as the movement was virtually solely of tech nical influences, it rather strengthened than weakened the stock position, In that it apparently eliminated whatever weak following qn speculative lines there existed. This 'ns demonstrated In the subsequent sharp rebound. There was a quick recovery te 134 then te 131) without intervening transaction, then te 142, nnd by 1 o'celck the stock was beck te 144. tr lust n point under the opening, this price being sustained up te the closing. Announcement thnt Dillen, Ileed A Ce. had purchased from the I. It. T. and were offering $12,150,000 (1 per cent equipment trust certificates te be Issued under the Philadelphia pinn ty the Fidelity Trust Company, trustee, came in for considerable discussion. It waB regarded ns a big feather in Mr. Mitten's enp because of his ability te put such financing successfully through without hnvlng te depend upon the former banking support. Fairly active trading in the Rtnck followed the announcement, advancing the quotation te 32a4, the highest nrice touched in ever a month nnd represents an advance of mere than ?i! in the last few days. The underlying shares, whlle receiving only scant atten tion, were strong nt the recent top prices. There weh little feature of interest nttcndlng the movement of the general list. Philadelphia Electric common, however, broke Inte new high ground for the year, reaching 301i. The preferred continued te bring 31. Pennsylvania Railroad gave a little ground en mod erate selling, yielding te 4ll,,4. llrlll sprung into prominence again In the later trading, making nnether spirited rise of (I points te 53. n new high for the year and the highest touched since lin.11, when it sela at fin. lekc su perior hnd continued Mippert nt D'j. Iladle Corporation was up from pre pre vIeuh sale at 4. A few shares of Erie Lighting preferred held nt -0. Phila delphia Cempnny common en moderate offerings lest Va point of yesterday's gain, falling back te 40. U. O. I. pre ferred held firm nt 05 Vi. Philadelphia Stocks Net chse High 12 All! Insur 25 Jsttr Cloea 1 net Am Ht Su 47 47 473ft latin a 111 .itrn.. 14.1 1.1,1 j -i,i i 25 Ilnld Lne.123 123 123 28 y, 52 f. 5 14 .i( JJriu .1 it, n.i -17 35 de pref . . 1)0 fill no - Ys lOtCerdePas 30 lfitChes & O. 74 20tChlle Cep. 21 lOtCM&StP pref 40Vi 3!) 74 21 40Vi 30 74 21 tt MK 12'4- ! 4(1 . . 20 -fl 7014 a. 23tCeMlen Ce 42", 42'A SOtCub C Su 14 14 Hfi Elec fster. -Hi'V, 350 Eric Light pref 20 10 Gen Asph "0,i 1001 Gen Mtrs. 13 40 Mi '5 71X4 13 lOOGimbel.Ure pref w i.102 102 102.. 25tKnn C Se 25 25 25 v. 250 Lk Sup C D2 !)' ()... 205tMex Pet.. 171 Vi 1(P 1711,44-1 20t.Mcx S Oil 21 21 21 Vi OOOtMld S Oil 12 12 12 1, ju".enu ra. ii'. jimj OOtPne Oil.. 52 52 50tPnn-Amer Pet ... 0S 0S 087 Pa It It.. 40 4(l!l 10 Phila Ce.. 40 40 30 de cum pf 40'. 40i "!) 52- U 0S v. Mil A 40 U, 10 v. 7-u i'hlla i;i 54 de pref 2870 Phila It Eiec 30 30 30T5 V. ref . 81U 31 31-! 10 rhlla Trac 0(5 00 00 25 Hadie Cor 4 4 4 .V lOtHeading.. 70 70 70 lOtltyl Dutch 52 52 52 25tStL&Svn 33 3.' ai h 20tSlnclnlr. . 30 .10 V4 30.; 55StudehUr.l24 124 124V 1 25tlVx & Pac 32 32 .321 175 UninnTrne 40 40 40 51 II Ces N.L200 200 200 200 200 505 I J (J I..- 40 de pref. lOOtl'H Fd pd 130 War I&S 51 51 l' wvi 7 n 't 7 551. i 7 0 .. !l iO W J k S 38 3S 38 101W rnlen.lKi'; 110 100 ii 400tWll Ov pf 3S :ill 30 eR? 100 Yerk Itwy 27 27 27 .." 15x illvldenil, tNet chanse nude In cotnrmrlnen with lait aU en Nev. Yerk .Stock Exchange. Total aalcn. JO.OSO ehiiren. tumpnrfrt with I'lll!I)KI.l'IIIA im.NUS 25000 Victory 4s culled... 500 Victory 4h called... 100 Amer Gns nnd Fleet 5a 2000 Phila Electric 1st 5s.. 300 Phila Electric In 5s. . 4000 Philn Electric 1st r. 110(H) Phila Electric 5U,n.. 1000 Phila Electric di'.. ' 100.50 100.40 . SS.(H) 100 101 IOO14 101 1U1 Total, ?,l8.(IOJi compared with $110,700 lev terday 'lhu far thla week, tlSli.leu BUTTER, EGGS AND CHEESE New Yerk. Aug. 10. HL'TTKU Firmer Hecelpta. 10.H70 tuba frentiiery. higher than exlriut. ,1l'i85c, crenmery extras la' 3Ce"r,,8ac,iHi':,lci nr"'" m "&: iu.ii-t-' - -MMiaa., iicvi'iua. laai Leves liiJun - myuujr. iPtHipm, 1H.2.12 rf)Ni l,lla evtrna Jl(i I 1 .! . VU "''l nrilsBldie'r. """ ,0 "lr COTTON MARKET Ycnt der OpfT High j,... n,.,. ect. . au in 2e is si at se ta se 7i ! jn .. . M us je. M -M ,ii 5u.ei a" 7i27n March ae 18 20.ia ue Tit ae.u am hStS Muv. Via in n 1ft in nn nJ' I 5""'?,U'il 8lel, C I. and W. te Issue Bends dlinapelli an4 ,Wtern HullreaU wl.' u' therl4 ted ty the Inturmiit,, CemineriJ ..mm en te laaue and u, l t innn VA !:r n per cent benilii. '-he funflg will h, UiJ8 m nay eK exist lie Indcbledr.r.a ,,,,i.,.. "ZV: company. "' mKTV-SI IIUHINKr-A ITr.MH l" Ml V.xXJ"S "!. " Hue HualnrM feature or n;t Hualneia Section of Vhi tcsue Lipesr.' "iUke Jl a lfibit.'rlwtivt utlnn. eni day l&.t u.l 1..... . of m ereit te hundred, of t bu nti fmV ire. Th'f "mbllng of buelnel, T facta in compact form .la only one of miil JM .. J.n FRIENDLINESS: Gead-will Niw Standard Dictionary Provident Friendliness REMEMBERING the human element in our business is a time-honored tradition with Provident Trust Com pany of Philadelphia which the members of our staff pledge themselves te upheld. Our officers and employees are ever mindful that no matter hew well sys tematized Trust and ether financial business may become, after all, they are constantly dealing with human problems. Yeu may be sure of personal, friendly, courteous service when you consult us en matters of Deposit, Safe-Deposit, and Trust business. PROVIDENT TRUST COMPANY OF PHILADELPHIA, Fetirth and Chestnut Streets 1 (Sucetnorte the Deposit, Seft-Deposit , and Truit Departments tf TH Provident Lift ana Trust Company of Philadelphia) overheard en the Baltimore & Ohie "De you knew," asked a Ken sington manufacturer en a busi ness trip te St. Leuis, "that the Baltimore & Ohie Railroad will take you direct te eight of Amer ica's ten largest cities. Think of being able te enjoy real Baltimore & Ohie comfort en most of your trips." Baltimore 5 Ohie Frequent, splendidly appointed trains directly connect the cities of Philadelphia, Baltimore, Washington, Pittsburgh, Cleveland, Detroit, Chicago, Cincinnati, Louisville, St. Leuis and many ethers. Stopover privileges will save time and money. When going away telephone the Travel Bureau, Walnut 3602 or Race 5144, and let us arrange the details. AMERICA'S FIRST RAILROAD ; ESTABLISHED 1827 pltlllllllll! NON-CALLABLE $80,000 KANSAS CITY GAS CO. Firat Mortgage 6'a, Due February, 1942 Nat Earnings Six Timet Bend Interest Pennsylvania State Tax Refunded ARTHUR PERRY & CO. BOSTON v Inveitment Bendi Yerk Lafayette Building, Philadelphia Providence New itfiraf MMralillllJWiWilllMMir H MISSOURI, KANSAS & TEXAS RY. Old & New Bends t Serip LEHIGH VALLEY COAL SALES MASON CITY & FL DODGE 4s, 1955 Wm.C.Orton&CeJ 54 Wall St., N. Y. Tel. H.never 9690-9697 .lU.ChirK&Ge. j BANKERS I I S21 Chestnut St., Philadelphia EstabUehcd 1837 Member New Yerk and Philadelphia Stock Exchanges BROOKE, STOKES & CO. Investment Securities Philadelphia Washington Baltimore WILSON PRICHBTT 6c CO. IXCOrOATID BOND AND STOCK ISSUES UNDERWRITTEN j North America Building, Philadelphia i C S. PATTON aTCO." ail VUVMTSVT STB. BANKERS gJT" L. rtu i L"iSmfeffig.yM i M1 'fl H $ ; 3 't fl M M 'fl (1 I M '1 BEHLm -"""" """ '""'"'"""ii'uiiwuiiiuiiiiiiuiiiiiiiiiiiiiiaiikbiiiiiiniiiiiiiiiiieiffliNiwiiiaaj VALPARAISO VINA DEL MAR 8 Highway Improvement Guaranteed Sinking Fund Bends Price $138 per 1000 Petei Ti te yield about iWe Possibilities of 70 profit through Incrcnse of Chilean Pesos te for mer avernee normal level. Circular V. V. en rrquett. Fairman & Company Drexel Buildinpr. Phila. K.tnhll.hrrt 1001 Cnrrnjiendtnts A. H. Bickmore & Ce. Ill Ilrnnrlwnv Neiv Vnrk - , . "' "'- " - - "- jp "'".'"jmmiiimmmMrrn; We Specialize in Pennsylvania Municipal Issues Biddle & Henry 104 SOUTH FIFTH ST. Lawrence E. Brown k Ct. CERTIFIED PUBLIC ACCOUNTANTS 1630 REAL KSTATB TBCHT IILOO. InvutlgM ana adjust corporation d purln.rihlp aceeimla an prOr Ti Returns. REPAIRS TO Engines and Boilers Genera Machine Werk J. &G. RICH COMPANY 120-124 N. Sixth St. Trlrpeene Market t081 va ftteyfe fciAl ii JLi .A. -,. .,? ifi".,lxyS.ti ,. i'm" v -
Significant historical Pennsylvania newspapers