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'fei , M"'i-M l r !l r. ' " .1 - , 20 EVEtfftto PUBLIC LESl Q 19; '1920 , . "X - U ii ! 11 r iih ti f.u It y K i tf 111 mn m. t Why Thousands of Investors Have Never Lost a Dollar THERE are thousands of shrewd investors who have ftuver lost a dollar of Invested money. Do you wish to know wht precautions and safeguards protected them? Write for our newest booklet, which tells how and why these investors have been protected against loss and delay in pay ment, and shdwB how you may profit by the same methods. Ask for BOOKLET 458-Q SW.STRAUS&CO. tTuauinia mi i-oiikuatij Stock Exchange Building Philadelphia Telephone Spruce 5628 38 years without los to any investor Specialists in OHIO MOTOR. RUBBER AND STEEL SECURITIES COMPLETE SERVICE In All Forms of Investment Main Departments Investment. Brokerage Acceptance. Liberty Bonds Foreign Exchange Statistical, Ohio Securities Extensive Private Wire Connections Members of New York and Other Principal Stock Exchanges OTIS& CO. Investment Bankers CLEVELAND Ntw York Botton Dstrott Cincinnati Columbus Toledo Akron Youngstown Denver Colorado Springs OPENINGfRICES GENERALLY DOWN Foreign Situation Responsibl&f for Furthor Pro3sure Against Leading Stocks You Can Buy Stocks With Intelligence If you read Dunham's In vestment Digest, published every fortnight. It ana lyzes stocks, gives you the latest news in regard to them, furnishes a resume of expert opinion that en ables you to determine the trend of stock prices, and it is free. Send for your copy. Atk for 90-K. DUNHAM To p 'Investment Securities 43 Exchange Place New York New York, Oott 10. The foreign situation was again rcsponible for further pressure njulnot leading Mock at the opening of today's trntlinar. Ilfltlsh industrial disturbances con tinued to weigh upon international re mittances, quotations on London sus taining another sharp reversal. Losses extending from liberal frac tions to two points attended tho first offerings of steels, equipments, oils, coppers and various specialties, notably leathers and tobacco, but rails denoted moderate support. The room traders followed the ex pected course which they asserted they would take after the close yesterday, and offered stocks nt the opening. causing n heavy tone to a number of issues, but there was no other supply and it was not long before losses were quickly recovered In the lending shares. United States Stool, which sold down to 87 Vs. moved up to 87 before the cnu oi rne nrsi imeen minutes, itaiuwin made n gain of 't, to 113. only a few transactions In that stock being made. Little Interest wns shown In Heading; Baltimore nnd Ohio yielded , to 47Vj. while New York Central, after selling at M)4, moved up to 81 a. Mexican Petroleum continued In fair demand and ranged from 180Vs to 100. Canadian dropped a quntter to llU and then rallied to 12.1. Soars-Roebuck was one of the strongest features, mov ing up , to 100. - OPENING LOCAL MARKET STEADY Brill Made Initial Advance of 3 Points Other Changes Were Small NEW YORK STOCK EXCHANGE! TRANSACTIONS With the excention of the further nH. yance of .1 points In J. O. Brill to 40. tne initial quotations in the local mar ket showed very llttle'nlternation from last night's closing level. Although the trading at the opening was of small volume, the dealings were again well distributed, reflecting a wide diversity of interest. The utility group onco more were the more prominent attractions with the more active trading in Philadelphia Rapid Transit, which was to be ex pected. In view of the impending decision by tho Public Service Commission on the much -discussed fare question. The stock started out nt yeterdav's top price. 20,, reacted to 20i. out im mediately rebounded to the higher quo tation. I'nitcd Gns Improvement re mained firm at .'18 and Philadelphia Electric continued to hold nt 2214. Philadelphia Co. cumulative preferred Stock was steady nt yesterday's high price. 33. Fractional recensions were made by Lehigh Valley and Lehigh Navigation, but Pennsylvania Railroad was steady at 43T4. American Gas opened un changed at 43V.J. while American Stores shaded U to 05 U. We Recommend For Investment Penna. Water & Power Co. 1st Mtge. 5s, 1940 earning 2'i times Interest charges Free of Penna. and normal Federal Income Tax. Successfully operated hydro electric plant on Susque hanna River, supplying Bal timore. Md. and Lancaster, Pa., with electric fnergv. Followed by )8 9B 000 Capi tal Stock on which dividend uas Increased In October. 1911. from 5 to 6. and recently advanced from to Tx. Listed on Baltimore and Philadelphia Stock Ex changes. Unaffected by high cost of coal and labor. JosepKW.Gross &,Co. 1421 Chestnut St. Corrtipontmta Mildred & Company Philadelphia Stocks 53?8 44 70 Hlrh 335 Am Strs.. .". 7." Am Gas.. 43'S 0 Am Rwys pref ... 24V. 40 nrill J G. 40 70ClecStor.l24 43 Leh Nov. 70 40 Leh Vol.. 215 Pa U R.. 20 Pa Salt.. 5S Phlla Ins Wire. . . 00 Phila Co cum pf. 33 530 PhilaElec 22 452 do ret f p 27,s 1785 Phlla It T 20Vd 51 PhilaTrac 53 1. lOOtRoading 1st prof. 55 100 tdo 2d pf. 00 10 Va Trac. 32 N 33.- I'fi I... 3S Low 43 24 K. 40 " 123 70 53 v. 43 00 Vs 1 1 .SO Net a. m. chffr. 55 '.'. 43 i" M'i 40 123 70 44 4 09 & 4- Vi 3 Vi H ':s 3H S3 G3H V 33 33 . . 22 22 20i 27' 20 20 ti ns Vi ral n.- oo 32i, 37 '4 r..- iv, (!0 Vi 32V4-T- s 37i- -r, Nt rhantrt mnd. bv comparison with last sale on New York Stock Exchange. noMi.s lllk'tl Iw 1 1 .SO a. m. Net chsc 71 71 3 M 100 . . r3V& 53 ', Robert M.Coyle& Co. 4" ' TPsInnl PI, INSURANCE INSIDE BOND MAN desires connection as assistant manager or manager with (rood Investment hou-"j. Etperlcnctd. It SOS, Led err office. LONDON STOCK MARKET Oil Group Drooped Industrials Heavy Home Rails Idle Iondon, Oct IS Trading In securi ties on the stock exchange waa listless today. There was a general disposition to await the reopening of Parliament In the afternoon The city hoped for ef fective polltlc.il ,-tctlon to settle the strike of approximately 1,000,000 coal miners. The undertone generally uaa steady. Thegllt-edged section ai hard. Money waa in abundance, owing to the holding up of trade, operations The oil group oroonen. sneii Transport was anu Mexican Kacle 117-16 Industrials were heuxy Hudson's Bay was 8 6-16 Kaftlrs advanced, following Itn upturn in th price for bnr old. Home rails were Idle Grand Trunks were Arm Dollar descriptions were good In sympathy with the movement of New York, exenunge Japanese and Mexican loans received support RAILROAD EARNINGS WAJIASH in:n Incrtana Auicuit roe. . . tS.7T9.N8K J:02H. Mil Net ener rienclt . IDH W9 OM Eliht monthii' Km. 3MM4 son n sm 7ii Nt OP.r dtnrlt ft 715 013 0 334. 333 rlTTSUURUH IM'INNATI. CitK'AOO & ST LOl'IS AUut rreis 7 lOD.Blfl "JUI1 OSI Net oper deflclt S 4R4 44 ii.ii.M.olm Kifht mnntha' rq. 05 724 894 5 MJ.0-J2 Net ODr rlttlclt U 861 OKn 14 flOl (1.17 BwrrAi.0, nociicsrmt, riTTsnunaii oonil week October. IflKIJU.'V S30I 80K From January 1.... 17.4I3.0S7 5.611,033 DeertsK. Hlth no 41 31 7 St 74 JS8H Sales In I " 6 Advance TAumcly pf.. 100 o AJax Rubber 1 Allls-Chal,mers 10 7 Alllfl-Chalmcrs nf . 100 s AmAgrlcChem 00 7 All., rhem Dvo.. 100 7 Allied Chem & Dye pf 0074 " Alaska Juneau O M.. loo -Y Am Can pf R7V6 300 12 Am Car A Fdy U3H 100 o Am Drug Syn H 100 0 Am Express 1 200 7 Am Hide A leather pf S00 q Am Intornat Corp.... '2K 3W a Am Locomotive ion 7 Am Locomotive pf,...100'4 100 ., Am Safety Razor .... HX "00 4 Am Smelt A nof .... SO 100 7 Am Sugnr Ref 10 100 10 Am Sumatra Tob.... 7 low r Am Tel A Tel loo nio 20 Am Tobacco MU 09 20 Am Tobaccx) n 12S14 too n Am Tobacco pf new.. 80H 100 .. Am Zinc Lead A Smlt 1 174 1001 7 Am Woolen 70H W 4 Anaconda Copper... . 5 12 0 6 Atch Top A Santa Ko f8'4 300 Atch Top ASF pf . . . 78H 400 m Atl Qllf A W I S S . . l43i ?on 3.S0 Baldwin Ixicomotlvo . " i2:S0 Net 7.0W (NTtra) Chcs. .1500 SOI) "on 10D0 non 200 flU'l 100 3330 2100 701 300 100 ton 300 000 310 1400 400 fiOO K01 00 200 100 200 2300 non 310 (inn 330 3300 100 son 700 400 100 300 301 100 1310 moo ino 200 too 200 100 100 1700 8200 4 10 1S10 101 100 200 109 100 too 100 M0 100 303 JS00 .100 2U0 COO 500 300 2400 1400 200 101 3230 400 000 200 100 Dolt A Ohio 1 4 Rnltlmore A Ohio pf. 53S4 .. Rerhlehem Motors ... 4M Rethlehem Steel U.. . 70H .. Hrklyn Rapid Transit. IS . . Ilrklyn R t ctfs of dep 10 .. Ilrklyn Union Gas.... 4 10 Hums Uros 0?j .. Butterlck . 114 .. Caddo Central OAR 20 Vi 10 Canadian Pacific 173' fl Central Leather .. .. 41 10 Chandler Motors .... Rl 4 Chcsapoike A Ohio. . 07H . . Chi A K III Kn T ctfs 13 .. Chi A E III pf ctfs.... 14 .. Chicago A Ot WW,.. 12'i 2 Chicago A Ot West pf W.i .. Chicago Mil A St P... 42H . . Chicago Mil A St P pf r3'4 7 Chi A Northwest pf. 110 .. Chi R 7 A Fac 3R 7 Chi R I A Pnc " pf. M!4 B Chi St P Minn AO... 7" .. Chllo Copper "Ti 1.30 Chlno Copper 7414 4 Coca-Cola 30 J4 1 Col Graphophone 20 U 7 Consolidated Gas S3 2 Con Interstate Cat M. 8?S 3 Consolidated Textiles.. 204 1 Continental Candy ... 10 4 Corn Products Ref.... "2 8 Crucible Steel I24 .. Cuban Cano Sugnr.... 35J4 7 Cuban Cane Sugar pf. 73 'A 7 Cuban Amer Sugar.. 41H . . Debeers Cons Mln Ltd 23J4 .. Dencr A Rio Grande. SVi .. Denver A Rio G pf... 3 y2 .1 ICndlcott-Johnson .... 0s Vi .. Erie 1H4 .. Erie 1st pf 28K .. Erie 2d Pf 20H 7 Federal Mln A Smlt pf 314 3 Klllt Rubber 20 .. Freeport Texas 22J4 8 General Chemical ....1474 0 General Chem pf 814 8 General Electric ....1414 1 General Motors 1H14 0 Goodrich 11 F &0A 7 Great Northern pf . . . . 88 so Green Cannnca Cop.. 27 .. Gulf Mobile A Nor pf. 33 4 Haskell A Barker Car. 67K .. Houston Oil Co 105 1 Hupp Motor Car MJi 7 Illinois Central '4 .. Indian Refg Co 104 no Indlahoma rte 1 4 Inspiration Con Cop.. 434 .. Inter Con Corp B . Inter Con Corp pf.... 10 7 Int Harvester new... .10814 .. Int Mer Marine 18 0 int Mer Marino pf 704 .. International Nickel.. 174 .. International Paper.. 744 .. Invincible Oil Corp ... 12J4 .. Island Oil W 4 Kansas City So pf . . . . 404 4 Kelly-Spg T 51H .. KellySpg rta 2 Kennecott Copper.... 224 1.20 Keystone T A R 15 6 Lackawarfna Steel,... 04 4 . . Lake Erie A West nf . . 1384 000 3.30 Lehigh Valley 55 H (10 41 34 7 Mt4 R4 0J4 3 874 1334 04 140 t 714 on 1004 UH 8H 104 87 00 133. 128 00 m 114 00?; 494 884 7A4 14.1 1134 47 53 H H 70 14 51 99 144 104 124 4 414 84 074 13 13 12 4 2B4 424 M 110 37K 83 70 134 24 4 20?i lH 85 8? 20 10 814 1784 35 73 . 41 234 2 4 34 85 4 18H 27 20 4 314 20 ; 22 1474 84 140 1H 504 874 27 33 17 K 105 13 M 04 1C4 7 4 4:14 5 14 ion 18 co 4 174 73U 31 n 40 519s 4 24 14 4 044 1384 53 ? 0 - 41 34 16 824- 5844 04 3 8744- 1334 04 140 59 -7JH4-96 4- 1004 . 14 si . 69 - 1 104 87 ina 133 128 00JX4-1144-70H R4 1434 114 4- 47H 63H4- 4M 704 15 4 10 54 09 14- 20 1244 . 41H- 84 . 74 13 1 C34 110 38 834 70 - 134 244 30 204 85 -8H- 20 10 82 1294- 3.1 H 73 4 414- 234 24 . 2RH 20 4 314" 20 23 147 4-884- 1414 184 . 504 874- 27 33 07 H 105 1M 04 -104 7H-434- 5 1C 10C -18 70 4 174- 714- 32 H H 49 - 31M- 4- 224 15 044- 1384 55H 4 4 4 ' if 4 4 4 4 1 '4 4 4 14 4 4 4 4 '4 4 14 4 4 4 4 4 4 IK 4 4 4 4 14 4 24 14 4 4 4 14 1 4 14 4 4 4 4 t 3 4 4 4 'h 4 4 4 4 4 niv. Baits In t Itlch low 890 2 Loewe Co 304 304 200 .. Loft Corp 134 13 500 10 Manatl 8ugar 914 894 100 1.75 Manhattan Shirt 204 204 200 2 Marlln-Parry ., 18 18 100 .. Maxwell Motor ctfs... 3 3 0400 i Mexican Petroleum..., IB tH 1894 100 2 Miami Copper...,..,. 1 1 3390 i.oo Middle States Corp... 1 '134 AOO 4 Mldvale Steel A Ord.. 384 3R 100 .. Minn A St Louis 18K 1H 200 7 Minn St P A St 3 M.. 85 85 1500 . . Mo Kansas A Texas.. fi 44 AOO . . Mo Kansas A Texas pf 84 84 1010 .. Missouri Paclflo 28 37H 400 .. Missouri Pacific pf. . .. 534 ' 500 .. Montgomery Ward .. . 2 234 100 .. Nat Aniline A Chem.. 74 74 500 .. Nntlonal Con "&. Cable 04 flj 10O . . Nat R R of Mex !d pf. 4 4 200 1 Nevada Con Copper. . . 10 jj 104 100 ..NO Tex A Mex 84 4 200 s New York Central 830 P0J4 900 . . New York1 C A St j. . . 08 3 300 . . N Y C A St L 2d pf . . 00 00 100 -.50 New York Dock 2 2 - 200 . . New York N H AH... 33 J4 334 100 7 Norfolk A Western.... 9b 99 200 A North American 59 59 700 7 Northern Pacific 904 SDK 200 n Nova Scotia S A C... 404 0 4 100 no Nunally Co ji 13 13 100 .. Orpheum Circuit .... 20M 20J 100 4 Pacific Devel Corp.... 234 2J4 200 n Pacific Gas A Elec. . . . 54- C3H 1000 n Pan-Amer Petrol 80H 884 2100 3 Pennsylvania. 11 R.... 4SJ4 434 100 .. Peoples Oas Chicago.. 38K 38M 600 .. Pcre Marquette 174 '74 .200 . . rero Marquette pf . . . . f3 63 790 3 Philadelphia Co 3D 4 X8( 710 .. Plerce-Arrow Motor... 3J( 3SH 390 .. Plerco Oil 14 J 100 3 Pierce Oil pf. .' 81 81 300 .. Pittsburgh A WVa... 30M "OH 100 n Pressed Steel Car 90 01 100 7 Pressed Steel Car pf . ..1004 1004 290 5 Punta Alegre Sugar... 87J4 07H 1000 4 Pure Oil Co . 39 39 200 1 Ray Con Copper 144 144 2990 4 Reading 'StH 4 090 2 Rending 1st pf 65 65 1200 Rending 2d pf (114 4 000 .. Replo Steel 774 '7 1090 0 Republic Iron A Steel. 7Ji 70 709 . rtepubjlc Motortruck .. 3 T3J 200 6.20 Royal Dutch N Y 704 774 310 1 Santa Cecelia Sugar.. 114 114 1400 .. St Louis Sun Fran pf 3IH 31 100 .. Saxon Motor 64 54 200 .. Seaboard Air Line.... 0J4 0M 1500 8 Scars-Roebuck .......110 1084 230 .74 Shell Transport 47 04 1000 .. Sinclair Oil 314 31 3000 0 Southern Pacific 99H 084 2500 .. Southern Rail 314 31 3 20 Standard Oil of N J.. 0104 004 2100 7 Stand Oil of N J pf. ..loSH 1054 1800 7 Studebaker 67 6094 490 2 Superior Oil Corp.... 17,4 174 100 0 Superior Steel 494 494 200 .. Tenn Cop A Chem.... 094 OH 2500 3 Texas Co 504- 494 1090 .. Texas A Pacific 21 W 20 190 oo Texas A Pao C A O.. 334 "3 4 300 . . Times Squaro Supply. 109 104 3400 .. Third Avenue 20J4 10Ji 710 0 Tobncco Products 00 054 3093 . Transcontinental Oil.. 124 U 100 5 Transue A Wms Steel. 434 434 1000 .. Union Oil 274 274 1100 10 Union Pacific 127 1204 200 4 Union Pacific pf 074 074 100 12 United Fruit 200 200 100 . . United Rwy Invest of.. 2894 2894 800 3 United Retnll Stores.. 724 "4 200 . . U S C I P A Fdy 14 14 290 0 U S Food Products... 4094 494 400 8 V S Ind Alcohol 844 84 1290 8 U S Rubber 78 754 8700 ft U S Steel 88 874 200 7 U S Steel pf 100 109 400 a Utah Copper 60 50 400 ..Utah SCO 114 11 500 Vanadium Corp 0394 034 1403 4 Vn-Carollna Chem.... 584 55 100 2-Vlvadou Inc 1294 12J4 1000 .. Wabash 12 1I4 29ft .. Wabash pf A 31H 31J4 10O .. Wabash pf B 22 22 200 7 Wcstlnghouso A BrakelOOJJ 1004 100 4 Wcstlnghouso E A M 4 40J5 9 .. Western Maryland... 154 15 12J0 .. West Marylnnd 2d pf 27 2094 500 Western Pacific; 30 4 30 ?, 400 4 Western Pacific pf.... 74 4 74 300 .. Wheeling A L E 14 j; 144 0290 1 Willys-Overland 11 4 104 100 7 Woolworth pf 1084 1004 i4.n Net Iiw (NTtm) Chse. 204 4 134 y B14 24 204- 1 18 - 14 3 4 191H 194 19 1 38 - 1RM 85 - 44- 84- 28 S3 ' 874-o-04- io . . 584 .. 824 IK (15 34 co - 4 21 - 33 K -99 69 -JO 4 404- 13 8094 4.1M 3894 274 53 -39 4 35 J, 14 81 30J5 on 1004- 7tt- 39 144- 07 ca - 60 4- 774 194 76 ? 4 31 70 4 114 3194 54 1094 47 314 0994 314 C194-1054- 504- 174 404- 09S- 504 2194 334 1094 204 CO 12 434- 274 127 074 . 200 894- ?24 14 - 49 4- 84f 7594 87 100 60 114 03 94 6594- 12 94 12 3IJ4- 22 10O - 04 154 27 304 74 1 11 -1004- 11 4 4 4 4 4 4 94 4 a 4 4 4 '4 4 T4 1 14 "4 H 4 4 94 94 4 4 24 4 94 4 24 4 4 4 94 4 1 4 4 14 94 1 4 4 1 4 94 94 4 4 54 4 4 394 4 4 4 191 4 4 New orlt Bonds rciAt.tta tM tlnOOl from Opening Until 12.00 neon tN. V. Time) - -II" ' ' ' "l 1 ' ' lll.',- Amer 8tnilt'g;Dtrelt Edison & TU'c 6s 78 7791 7791 77Vi 78 77 II 77 94 7 1.. 8M 3.. 2.4 8.. 2.. Am T T cit B 78 A Tel A Tel 6s 2...... 80 Atch Topeka & S Ke 4s ' 1 7794 1.,... 77S 4 77Vi 3 774 14 779. Atch Torekn 8 F cv 1 C09i Atch TASK cr U '00 & 80 Atch Toreka A 8 Fe aj 1 7394 Ml C Line 4i 4 7794 Bait A OJlo cv (1 74 JUltAO.Ho 4s 3 73 '4 IlaltAO.ilo C 1..... 00V4 B A0 B W'n nir 3Us 1 78W Ull Tel 7a wl 7 00 0.... 100 2 09 1 D3H 1 non . 2 DON 4 0994 tieth Steel fd 2 78U 2 7894 1 78V4 Cen'l of Ga cn 6 S59 Ctl Leather S 11 01 Cvnt'l I'ac 1st 1 74U 8 74 Vt Ctl Paclflo .14 1 77U C'k A O cv os 4 8094 Chicago- Il'n A Qulncy gm 2 80 Chlcaso D'n A Qulncy 4s 1 no 1 00U Chlcato ri'n A Qulncy II 4f 1 8094 Chlcaeo Mil A HtP 4a '25 8 H1U Chlcaro Mil A BtP 04 94" 1 749. Chlcaeo Mil f StP cm 4'ts 1 SO Chicago A Nth W'n d '33 1 P0H Chicago A Nth Weit'n "a 2.... 103U Chicago Hall ways Ss 10 0R. Chicago It laid A A Pao H 4 70 5 C!4 1 70 4 01 Chicago It I1M A Tao 4i 10 - 73 Chi U Sta 4l 3 70K Chllo Cop'r 0a 1 72U 1 7214 Chlneae Cove't H-K Rya na 0 4394 City Tarla flj Co 0a '40 1 89 D Canada '20 2 0194 Erin H 11 cv A 1 4394 Erl ny Co 41 1..... 60 den Eleo 394s 1 03 Oovo't Krtnch Hep rets 15. 1.... 1.... 11.... 0... 10..., 4.... 3.... 3.... 8.... 2.... 2.... 1..., 1.... 2.... C..,, 103 102H 102 102 ti 103 102 1024 102 102 102 102 102 102 101 102 102 102 101 Financial Briefs LUTHERANS TO WIDEN FIELD PalM m Siooo 1-5 Am fins & i:ice ri. . . ti 74 Roll Tel Th.100 1 Eire & I'eo Tr ."n .".T 1. TJh RnndH I in 4i,s.. 8n.io sn.10 fin.10 .so dn -jd 4'4h... sn.ris sn.io sn.io .re io 10-20 rta 4Vs no.70 oo.:io no.uo .rc IS 4-n 4th 4V.s. S0.40 ftO.0 80.44 .22 CV. Vie N 4h. 00.28 00,24 00.28 .OS I 1 Penna H R temp ctfn.l04iHi 104 104'vs- Vj FOREIGN EXCHANGE w York. Oct 19. Foreign exchange rates fell oft sharply nt tho opening this morning, both sterling and continentals fcufferlng considerable declines. Peseta and Scandinavian exchanges "were llko wiiic weak.. Quotations were Demand sterling 3.40H. cables 3.41U : franc cables fi 41, cheeks 6 40 : lire cable? 3 81, checks 3 809 ; marks 1 41V4 : Swiss cabltH 15.79. checks 15.71; Belgian cables C 81 checks 6 80; peseta cables 14 22, checkH 14 20; Stockholm cables 10.70. checks 19 C6 ; Phrlstlanla cables 13 70. checks 13.65; Copenhagen cables 13.90, checks 13.85; guilder cables 30.85, checks 30 70. YESTEItDATB TINAI QUOTATIONS Sterling Francs I.lre Qullilers n.mnnfl . 9.1DU (1.411 3 81 SO SO Cables . 3 43 1 4 8.83 30.00 TODAY 3 opr.NINO QUOTATIONS Sterling Francs Lire OulliW Demand . 3 40t II 40 H 80 30 7(1 Cables . ... 3.41U 0.41 3.81 30.8.1 MONEY-LENDING RATES XB1V YOItK Money on call, both classed of collateral, opened today nt 7 per cent for lending and renewing. Pllll.AHELrillA Call, 6 per cent; tlmei, 6 per cunt; commercial paper three to six months, 6 per cent. (Note These are merely nominal quotations, as the legal rate of Interest In the state of Pennsylvania Is fixed at 6 per cent Plus premiums and com mission, time money for thirty to ninety days Is loaned at 8 to 8 '4 per cent, whllo commercial paper, from threo to six months, Is being offered hi 8 to 8 b per cent ) Reserve Banks' Discount Rates Plans for Extension of Church Serv- .limn T Mncill. formerly with the . . .. . ..., Guaranty Trust Co , of New York, has ice Before brotnernooa uonvenuon established the firm of J. P. Magill & Washington, Oct. 10. (Hy A. 1'.) business.1"511" n ""c"me"1 "Trninlng for t-ervlce" wns the theme ot 6peaBera ut today s bessions ot tne There has hcen placed on the unlisted Lutheran Brotherhood convention. department of the Philadelphia mock yys jn wi,c, the nition might help r..,h.nnn tiiTnuo nddtlonul I'lttH- burgh. Cincinnati. Chicago and 1 1. Louis Railroad general mortgage 5 per cent temporary bonds Herles "A" and wrlp certldcnte Issued In exchange for stock of tho Pittsburgh, Cincinnati, hlcago and St Louis Railroad Co., making the total amount of said temporary bonds nnd scrip certificates listed at this date of $15,463,00. R 'A. Dlmltman, formerly of the Philadelphia Press, has become asso ciated with the banking firm of H. R. Bachman & Co., 1425 Walnut street. The Interstate Commerce Commission ha granted the application of the L'nlon Terminal Co.. of Dallas. Tex., for au thority to enter into extensive agree ments with holders of $550,000 worth of two-year 5 per cent unsecuied notes. The maturity dato has been extended from October 10, 1920, to October 10. 1021, with Interest of G per cent per annum. ti. npinarv nlndslfied Government disbursements for the first ciuarter of tho fiscal year, that is, from July 1. 1020. to September 30, 102U. aggregated $1.250.8 19.566, against $2,409,202 U 1 1 for the corresponding period of 1019. f'ubscrlptlons for tho latest Issue of Treasury certificated amounted to $185 -076 500. although only $100,000,000 was asked for Allotments amounted to $124,252,500, of which New mV. re ceived $40,566,500, Hoston $10,050,000, and Philadelphia $13,822,500. The American liner St Pnul nrrlved in New York yesterday with seventy six boxes of bor gold cons gned to Kuhn. I.oeh & Co. nnd 3.15 boys of gold and ono box of assay gold con signed bv the Bank of England to tho Federal Reserve Bank. The TAderal Reserve Rank will with draw $31,000,000 of United States de posits from banks today. gained mak- f ) New York Curb A-fAB sir"""'" in! otflclal redlicount rt Federal Hocarva banks are Tr. ct in. at tho twelve roiinwa I. lb Com'X I!kr Donds Parr.Accent. PoAton S'nw York Phlla Cleveland . tllchinond . . . . Atlanta ("hlcaao Rt Uuli . . . Mlnn-apoll . . Kaniaa City Dullaa Han Ftunclico 5H per cent r.nl rrrtlAcHtes cure dby 4 Pr cent and 5 pr cent cr tlflratu . ... , . tDlacount rata eorroaoond with Inlereat rate txirne by certlflcatea pledsed at collat eral with minimum of S per cent In (he ca nt rhlladelnhla. Atlanta Kanaaa t'llv and Dalian, and 5W per cent In the cao of Cleveland. ItichmonS. Chletco and Ban rranclaco. . . BVi n 7 . . fi4 7 (I .tfl .14 .'.'4 . t 84 1 r,' , H e (t n .to on n sH te 7 i . !' tt IHi n'i n 7 h tn n n rh .tn .114 fl ni to o (10 on paper aecured by R'i per and 5 tvr cent on paper so- m, v.... Ynrk subtrensury $93,000 from tho banks yesterday, mak Ing a cash net gain since 1-rlilay o $183,000. Liverpool Cotton Lltrrpool. Oct. 19. Spot cotton waB quiet todav with prices steady on the basis of an advnnee of 55 points for middling at 14 70d. The sales were 4000 tales The receipts wcr 21.000 bales, includllng 17.400' bales American Fu tures were easier in the c.nly deal tigs. Spot prices v. ere: American, middling fair. 20 Bid; rood middling, 1.45il; fullv middling. 1G 20tl ; middling, I4 70d: low middling. 10 90d ; good or dlnnry, 7 59d. nnd ordinary. 6.95d. LIVESTOCK QUOTATIONS riilruaa, Oct 10 HOOH Eetlmali-d re ealVls. -' 000 heart, leftover, fiUl.1 head- alow fully 2,"o kiwer than yeaterdnv a cloat. 115 .'j paid for choue llaht butchera CATTLE Eatlmuted recelpta. 12.000 h's?lEEr Etlmat1 relpta, 20.000 head. PlttHhurxh. Oct 2000 heart lyiwer ynrkern JI3 7.816, SlRIrf 1.1 tiO 8HKKP AND I.AMPH itocelrta. 1000 hd Steady Top ttift-p. 17 toi lamba. CALVES 'Recelpta, 400 head Lower. Top. 117 50. DIVIDENDS DECLARED PItleburKh Oil and fj Co nuarterly ot eu n.r rnt nayahln November IS to stock lot record October 31. ill the caiiho of Christian (.'duration nnd the opportunity for service through the Lutheran denomination were empha sized. (.'loser co-opcrntion between the va rious Lutheran bodies will he sought during the nine days the ((invention will remain in seision. Discubiuu also will center on the lelntion of the 1'nited Lutheran C'hurih to general church movements. A world conference of Lutherans nnd rehabilitation of the church in Kuropc. will be considered, us nlso will be a proposul to extend the voting privilege to women on the various boards nnd committees of the church to broaden the educational work of the church to in clude weekday religious instruction for children of school age. THINK WOMAN BURIED ALIVE New Brunswick, N. J., Police Search for Supposed Grave Now Itrumwirli, N. .)., Oct. 10. Oly A. P.) The police today prepared to conduct n search in Manville for the grave of u woninn reported to have been buried alive by her husband. With them the police planned to take Mike Cucuk, of that town, who has been held here since he is alleged to have told friends that a boarding house proprietor there beat his wife, tied her hands mid feet, ami then buried her. The police have not made public tho name of the boarding hmmo keeper or the wife hu is supposed to have killed. According to the authorities, Cu cuk appealed rntlonnl ami was willing to accompany the searching party. ELEVATOR CRUSHES MAN Worker at New Plant Suffers Broken Back and Other Injuries Thomas Nelson, forty-nine jears old, HOI Rainbridge stret. suffered n broken hack nnd tho frneiute of several ribs yesterday, when he was caught between un elevator anil the Mile of the shaft In it building belug creeled at Itlsing Huu lane and tne Asylum pike. The building is being erected by the Electric .Storage Unttery Co. Nelson was cmplojed In erecting the elevator when he was taught as the elevator moved. He was extricnted by fellow workmen with considerable difficulty and taken to the Frankford Hospital iu a serious condition. Allied on Allied Packers ....!,' uu H urlti ctfs .... Cleveland Jtotor .... Conden & Co Crimp old Curtlaa , (leneral Asphalt Gillette Hazor ..!... UlllllAt'l Oil , do pref Olenrock Oil Ooldwyn Int Petrol new . . . . I'h Val Coal Sulfa . Mhritih Copper . Merrltt Oil Midwest IWe . . . Mother Lodn new . . National Oil . . .. North Amer PAP. New York Shlpbldc . Peerless Russian RHs do im a Slmma Petroleum Submarine Tobacco Products ex Urrlon Carbide Un Mines Mex United Motora (I R Candy ITn Verde Ext While Oil Woodblno Oil (N. Y Time) 10:45 a. m. "iu Ask It 2.1 11 34!i n.t 7V4 no s M ISO 20 111 lit HOOS Receipts, llravlcs. 110. heavv light snrkera and Pics, 20 7 .ii; 48 7'i 40 rrs 140 27 SS 2A 14 148 Mi . H .12 :io MS ny, 12 50 u 40 lots no 23'4 7. (I.. 1.. 10.. 1. 1. 1. 4; 04 04 i 05 Pitt 04 01H Cons'd Gas 7a 1. 2 10 ft i". 3. 5. Cuban C H cv 1 DIM Den (ROM 1 A3 Den It O 4i 100 00U 100U 100 loou 100 100 1... 4... 1... 4... 07U on; 07 V 07 H O Bwltz'd rct 1.... 10.V. 5.... 103 5.... 103'1 1.... 103H 1.... 10.114 Hud ti Man fd 1 03' Hud & Man In 3 25 111 Cen'l 4a '62 1 74 Intbo M 4H 2 21 10 21 S 22 tntboro It T fd 10 53 M Marine 0a 0 R2',4 Iowa Cent'l t 1 40 1 40 Jap Oovo't 1st 25 74 'i 13 74U 20 74'i 10 74H Jap Uovet 1'nil 1 ,... 74'i 23... . 74 4 2 74'i 1 74 Jap Uove't 4a 13 574 1 f.7. Kan C & S 3s 10 B4H Knn U 4 H ft 2 .... 74 i 10 74'4 Kan City Ter'l 11 wy 4 s 2 73H K Uelc'm 74a 0,... 1004 2 ... 1004 2 . .. 1004 1... 1004 Lack Ftcol 'SO 1 .... SO I.ako Shore M S'n 34a a... . 71S t.nke Phnre M S'n 43 '23 4 RO 1 80. Lake Shore M S 4a '31 2 . t V'y cn 4 4a 1 . . . . 70 t.ehUh V'y 2 00 Lou i. N at 4a ... M4 Lou i. Nash 7i .. 104 4 Mich Ctl d 4t 1 81 Mln & St t, fd 2 M Mln St P'l & S Ste M alt 4s R .... 014 Mo K ft T fd 3 .... 00 MKtT n.tea 10 s Mo Tao cm 4 1 0 0814 Mo Pao fia '03 3 81 Ntl Tube 0 Be 2 00 New O Tex & Mex 4a 1 004 New O'a Tex ft Mo.llco 3s 1 3 N T O 4 II n It n 34a 2 00i S T C II II n n j 11 024 3 02Vj N Y Q ft U It n n ct 7 2. .. 102 2 . 102 New Y N II II 41 DO, Kiw'r'ltlla nan n us n 81 N Y Tela 4 4a J BO N. W ev 1,... 1014 N'n Paclnc 4a 1 77 P It It en 4A l.i. "" a 00 r iu; gm 44 in 824 Penna It It ,7a 4.... 10 V. 1.... 10"W JS.... 1044 l.... 1044 Pere Marqt Ba 1 80H rtlo a ft W 4a n 1 08 nock lld Ark ft La V4 ., st'Jo'A'afttfd Island 4a 7 80 Bt U l'n Ml .vr.r Ut Loula ft 0 I-ran aj 4....'. 8H 1 8 Et Loula ft S Fraq in 10 15 8... 10... 0... n 13. B4'i 8414 84 H 844 844 84 4 84 U 844 St I. & 8 Kran 6rl(a A 4. 024 fit Louis ft HO Weat'n cr. 1 884 Bt Loula ft 9 Wesfn 4 s 1 7Hi St P'l Minn ft M Mont 3 824 S'n racino ia I u 1 784 8 78H 5'n Pac cv i l 7 S'n Pao ev 8.... loitt 18.... 101'i S'n Italiwa l 04 fi'n rtallw's fta B eipi i 0 80S I 1 804 i Tex ft Ok B a .it i i 37 Tillrd Av4 nj 12 34 U K of O lirt ft I'd 1S21 80 08Vi B 084 U K of a llrl , ft I'd 1823 B 044 044 044 4Vj 04 S 04 i Bad Debt Losses Paid as Thy Occur The Special "Interim Payment"' Policy of The American Credit-Indemnity Co., per mits the Policyholder to receive payments from us as many- times during the policy period as covered Excessive JLosses occur. The Detroit Gear and Machine Co., of Detroit, write us as follows: "We wish to acknowledge receipt of your draft for $18,005.00 given to iu by your repreientative tMt morning. "This payment is in settlement of a lots which we sustained on a debtor who enjoyed the very highest rat- . ingr by the mercantile agencies; the payment is also made in less than 30 days since the loss occurred. "We are able to make this reebvery from you now by virtue of the Interim Adjustment feature of your policy, which must be very attractive to anyone extending credits." Another letter is that from the J. C. West Lumber Co. of Cincinnati, who -write: "We beg to acknowledge the receipt of your draft for $3765.90, which has just been given us by your rep resentative. "This prompt settlement which is in accordance with the Interim Adjustment feature of your policy enables us to have the use of this money in our business actively and all future claims under the bond are still covered." II you are a manufacturer or j6bber, you too will benefit immeasurably by this broad protective service. Don't fail to look into the matter write or phone for the full particulars tiday. Payments to Polity hUert about $10,000,000.00 AMERICAN CREDIT-INDEMNITY CO. o NEW YORK " E. M. TREAT. MKiDiNT tlUI aVTANDAMP UNUIMITtO POLIIta W. J. Morphx. Mtnagar. J. F. McFnddon, Gmeral Agent Mutual Life of Naw York Bide. Phone Filbart, 5503 PhlUdelpHU, Pa. 89 4 804 80 K 804 80 804 SOU 1... 1... 8... DO... UKolO Drl ft I'd 1920 88 H (I.. 12.. 1.. 8.. 8.. 8.. B,. u K of a Urt A I'd luai 1 884 2 88 Vi 2 884 4 ssy. U 3 Mxlco 4a 1 83i U 9 nub'r Bs 1 78 1 78 U 8 Rub 74 8 "8'i B I8 1 08 0 084 U'd a 8teel B 1 03H Wabash It 1st 1 00 Wes'n Eleo Bs 1 014 Wesfn Md ns 1 044 West 8 4s re; 3 a Wllsun Co cv B 64 Wilson Co 1st 1 88H II Id 28 144 1.10 fl Mi 8 8R 3.1 28 28 104 124 18 01 14 (10 11 32 214 a Many Attend Funeral of Dr. Haupt I-uiirnftter, Oct. 10. Several thou sand perbon8 jestenlay vloived tho body of tho Ilev Dr. C. R. llntipt. nf fcotlonately rnlled tho "best-beloved" pantor of Grace Lutheran Church, where It lay in ntntc. in tho church. In all of the city churches Sunday cuIokIhMc tributeH were paid the 1e ceased. In the afternoon funernl serv ices were conducted by the Itcv. A. .T. Reichert unil the Rev. P. G. 81eKor, I.nnrnstcr, nnd addresses were madn by the Rev, Dr. Albert T. Olny, of Yale T'nlverMtyi the Rev. Clmrjcs Ti. Frv. Pltilndplphia. and the Rev, Cecil C. Hlne, of Cntasailqua, former nsBociates of Dr. Haupt. onrnei ueather Dividend Deferred J"w o". Oct. 10 No action wl'.h respect to tho common dividend waa token by directors of tho Barnet I,eathr but action wns deferred pndlne another meeting; which will bo called nt n Intar dnto. Three montlip nco nn In tlnl nuir. terly dlvldeiidof $ bow deriSrecl" Brazil Seeking Loan In U. S. Itlo Junrlro, Oct 19 Tho Itr.-izlllnn Hovernment Is negotiating n loan with Interests In th I'nlted states? "t wns announced by the majority lender In the Chamber of Deputies Inst nlSht. Whl tho amount was not Mated. It Is under stood to ho $40 000 000. unocr NEW YORK COFFEE MARKET Now Yoili. Oct. ID. The uncertain conditions existing In Umaii holds buy. InB in chcclt here, thfs inoriiinR's openinc being unchanged to n decline of .r points. There wa scattered liquidation on the call, with speculative nnd trade shorts covering, and possibly fcoine Wall street demand nt tlm decline. It Is believed that the local market hits been fairly well liquidated nnd is in it better tech nical position than for some time past. . N i t'i (N. T. time) 11:15 Liberty .'lj f)2.."0 02..'10 02.3(1 Liberty 2d Is c.0.20 80.20 80.20 Liberty 1st -lOUs.. 80.70 80.42 80.C0 Liberty I'd VAx... MAR SO.JIO 80.-1R Liberty .'Id !. R... IKI.72 00.02 00.04 Liberty -lth IVis.. S0.-18 80..10 80.44 Vic Notes :iH... 0(1.18 00.10 110.10 Vic Notes 4-y,s... 1)0.20 00.10 00.10 Community Markets WHY CONDUCT YOUR BUSINESS ON "HdPES" AND "PROMISES?" THE "LONDON" GUARANTEES YOUR CREDITS T TNLESS your business is all cash- in-advance, you need credit in surance. The present times are too uroettled tnd credit ratings are too uncertain for you to be tare of any of your account. And collection agencies give only "hope." But when you carry "London" Credit Insur ance, your credit worries are over. You knott you'll get your money on covered bad .accounts, and you know when you'll get it, whether we collect it or not. Don't wait till another account becomes bad or times become more unsettled! Write to day for full particulars of ourCredit Insur ance Policy. Asking won't obligate you. ouasupEtv SERVICE ATVOUR. SERVICE Losses Paid In American Currency Established Eighteen SbaNjnine LONDON GUARANTEE AND ACCIDENT COMPANY LTD. R. A. IRVING, General Agent Phene Lombard 4016 610 LiFayatte Bids, PHILADELPHIA. PA. ni IHilllhlimi.lMHnil Km'MIMHII.Mi."IIii4u .ll,jl i ' II i 1 1 Ii I 111 V"" Decfmbor March July ClfiSO n ii", mi 7 S.'.ffJfiT Tortiiy' opxll 7 SSsrUR 7 Mt87 Y. time) 11 m.i 7'bafisS 7.01i7 Raw Sugars Continue Steady New York, Oct. 10. The raw stifjar market continues steady with holders Bhowlng less (liHpoaltlon to dispose of tho proauct. faalen yesterday Included 1000 tons Perus for October shipment to ' celB c. i. r. ; aoo "inn miiim ui 'to. c. i. r., to n local re fljer; 500 tons Braill centrifugals for October and November shipment at 7', 6c, i-. i, i.. iu nu operator: sou tons I'eniB iur Biuiiinciit iirwi nair next month at IMC. C. I f. to an oner.itnr Knn l,n., Uraill centrlfucals for November ship ment Bt 7c, c I f, to an operator, ana "' unrunuoes irom store at 7c In bond to an operator Importations ycBiciuiiy iiicmiopu ac,ii'7 nacs Arsen tines and 20,300 hacn Cuban tn tho v. tlonal neflnlnc Co. nnd 7000 bass Cubas in mo American Jtenninf; vn. The local refined market Is unchanged. , COTTON MARKET New Yorh, Oct. 10. Cotton oicmil rctive nntl mticli Rtrcngor this niornliiR. with first nricPH Ifl In 711 nnlnlo n..t ! hisher, based on very strong rabies ami n more hopeful outlook, according to private messages, for a settlement for the English conl Mtrike. Cablew nlso mentioned Manchester buying nntl u better snot inquiry as fac tors In the big Liverpool advance. That local prices did not fully reflect the gaius abroad wan largely due to New Orlenus selling and bouthcrn hedge-sell, iug. December rose 4,'i points over lowest opening levels after the call, but met these heavy offerings from the South nnd rrneted .'10 points from the top, still being about 55 points net higher at the end of tho first twenty minute. Yat closn Octoljer is .1.' December 17. Si) .Innuivrv 17..-. Murcli 17.00 1I"V 17 M July 17.S0 Toilay'a orn IU oo 1S.H0 1S.JS IS 35 IS. 20 16.03 time) 11 MO a. m. isiii IS.,10 1S.VS 1S.2S GRAIN MARKET Chicago, Oct. 10. There were fur ther loosen in wheat this mornlnir nn. der general selling by comntissloiwiomrg, umin.ru uy a ii-irtfiHiu irom XopeKa, 111- dicntiuK that Kansas bnnks wero being warned by the State Hank Commission that farmers muct be urged to sell their wheat ns well ns by additional depres sion in foreign exchange. On the de cline there was some buying on resting orders, but getiernl support was weak, December opened nt 52.07Vj to ?2.flfl, against $2.11 Vi nt the close yesterday, nnd declined to $2.0(1. March started ut l.nvfr. against .$2.01 ot the close yesterday nnd. lifter touching $2. de clined to Sl.07. Selling by lending commission houses featured the opening of tho corn mnr ket and tho undertone was weaker, with no Important buying Sn evidence. December started at S5Vic to 8oc, against fcflc at the end yesterdav, and fell to 81''C Mav opened at 80 e to 80c, against 80c. yesterday's Inst price, and sagged to 88Vii Oats declined on selling by houses supposed to tie acting lor an Jnlluentlal elevator interest, liuylng was scattered. I December opened Vic lowor, at 55yjc, rand receded to fijldc. Mnv started U. I, . nnu. .. .. - '; lower, at. i'Vic, aim later 80lu at 110 cents. harly car 'lots estimates were for fifteen of wheat, 180 ot corn and 100 of oats. BAR SILVER Bar silver wag i,d lower In London today at 60V4d. Liberty Bonds bought today yield from 5 to over 6 U. S. Lib. U. S. Vict. Sept. 18, 1920 Oct. 18, 1920 Cost ... $92.60 ... 89.60 ... 89.10 ... 89.98 ... 89.61 ... 91.00 ... 89.58 ... 96.50 ... 96.70 Coot SVas $90.04 1st cv. 4s 85.10 2d 4s 86.40 1st cv. 4 Vis 88.88 2d cv. 4V4s 86.06 3d 4b 86.18 4th 4V4s 84.48 3ft 96.40 4s 95.44 We are always ot your service in the buying or selling of Liberty Bonds. GEO.WErRICKSrdS'CQ &afoers 1431 WALNUT OT. Mfmhfra Nm YarW and rhlla dflplila Block Exchange! PHILADELPHIA. TdrpRaKwi Ikll ffrru" bijo imrawnc- b , i .aiwawrwnWTffTslWWlflUlrlllHJUinffl Out Today wall street: r.XT ATT ' The MAGAZINE UN ALL of WALL STREET NEWSSTANDS "vBfftKK . -j NEW YORK J . - -"fflTn 7 V9 m ' n J r . Ati . t r-yK J ty liki