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1 I r.J- IK- :vy .h liN liN'U l'LULlC LEDaiflli 1-U LLyjiiiLi'MlA, ALu.sJDAl, - J-U. 21 22 I I h y4. ta an . , .niMaMMmwin iisi.i nil i I " " ' .,.. .. - , .. . , , . - ' ' . g. NFAR APPRflAHH Tfl I new york stock exchange transactions mniaa r i !iHnaHB iimiii iii i iiwiivii a w . . i "swy Are You Afraid 9 Most of us are when it comes to the stock market. We have a little book on trading that gives some good pointers. Write for L-25 J. F. McGOVERN & CO. Mrmbtra of rhlla. Slock Eichanca HSO Bonth Twin 8a.. rhlla. .... Ipnict 0410 RM MM Ordrra exrontfd In nil Market New Yorki SI nrondway N-S K MARKET Heavy Trading In U. S. Steel Overshadowed All Other Dealings UCBlWHUIDKraHK ESTAULISttltU 18W Jd Ig BIOREN & CO. BANKERS 410 Chestnut St., Philadelphia Hi f' k II k M w Municipal, Railroad 0 and Corporation Securities Jemftwa JTeuj Fori: and Philadelphia Stock Exchanges j innim 31 1 II We Specialize in o d-!lne rails. Prices on these s curitles are advanolns sharply Wo are prepared to recommend safe Investments Maiding- from B.75 7. Liberty Bond bought and told Wiobnir But). Philadelphia . MtmtmPUft&bUtaMt ' NivYurkStockxxmt MTWYC1IC UUAUTH.NLl. EOiijIilkliiS .. n213252""!! New Yoric, Sept. 10. The henry trndinj In United States Steel and the reduction In tlio call loan rate to 4Vi per cent wero tho two outstanding fea tures of today's stock market. Consid erable Irregularity niarked the move ments of the other steel and Industrial shares. There was little demand for the rails, although the week-end ad vices pointed to more favorable trans portation conditions. In r far as Incentive, thero was practically nothing In the over-thc-week-end developments to give much encouragement for aggressive opera tions on either side of the market. While the vote of the railroad shopmen to strike was viewed with some concern, it was not believed any mich radical step? would bo taken. The favorable Clearing House statement, nlthotigh re llccting to a large extent the financing operations Incidental to the tax pay ment, wn3 nevertheless accepted as fur ther proof of the easing of the money situation. This theory was substan tiated in the 5 per cent renewal rnto for call loans, which rate Immediately dropped to 41A per cent, as there was a larso supply at the renewal rate, while rho demand KM orv llclit. Different interpretations wero made of tho steel mocmcnt, which had all the earmarks of manipulative tactics. It was looked upon by n good many as further effort to attract an outside fol lowing. Others wero of the opinion the movement was prompted to facilitate pool distribution in other parts of the list. That wonderful trader who re cently flopped from tho bear to the bull sldo. was again given tho credit for the success of the coup. It Is lamcnt ablo and pitiful that no more convinc ing argument can be found to account for the progress of the constructive movement. There always must be a leader, but It Is a little short of nn Insult to Intelligent peoplu to cram down their throats day after day just what this wonderful trader is doing. Heavy buying of United States Steel dominated the early trading. A block of 4C0O shares changed hands at a gain of IV points. Further heavy accumula tion soon extended the advance to almost 2 points. Crucible Steel, Mexican Petroleum, General Asphalt. Delaware. Lackawanna and Western and Virginia -Carolina Chemical were among the other strong stocks. De clines extending from a large fraction to 1 point from last week's finnl prices were made bv Baldwin Locomotive, Railway Steel Spring, Gulf State;, Steel, Atlantic Gulf and Royal Dutch. Baldwin more than recovered Its loss in the first hour. Lackawanna. Repub lic. Vanadium and Sloss Sheffield were added to the stronger steels. Tiro shares were actlvo and higher, but motors and kindred Issues made little headway. Tobacco Products, May De partment Stores nnd some of the fopd specialties strengthened. Food Prod ucts, however, reacted to a new low record after its early rally of l1-. points LOCAL TRADING WAS FEATURELESS Boles 6-Westwood Member's Phila.lock, Exchande INVESTMENT SECURITIES Lan&Title Bld& Philadelphia PHONE' LOCUST 4721 Continued Steady Accumula tion of Pcnna. Railroad. Prices Ruled Steady Dtr. Sales In I nirt too ., Adams Express ..... 4SJ4 300 .. AJax nubber 731$ 100 .. Alaska Gold Mince... 14 400 .. Alaska Juneau O M.. 1 8100 4 Allied Chcm A Dye... 43'. 200 7 Allied Chem ft Dye pf 87 '4 00 4 Allls-Chalmera .14 H 100 . . Am Agrlo Chem 34ft 700 .. Am Beet Sugar 2Ji 100 .. Am Bosch Magneto.. SH 100 .. Am Can 27 J4 .. 200 .. Am Cotton Oil 20 400 8 Am Express 110 '100 .. Am Hide & Leather.. 11 1100 .. Am Internat Corp.... 3114 100 l Am-Ln, Franco Ens;. . . 0 1200 .. Am Linseed 24 J 400 7 Am Linseed pf 51J4 loo a Am Locomotive o14 52 --Am Ship ft Com OH 2000 . . Am Smelt Seo 37 400 g Am Steel Foundries.. 25J4 lioo . Am Sugar Iter s.tn 1300 7 Am Sumatra 44 100 a Am Sumatra Tob pf . . 78 flOOO 0 Am Tel & Tel 10814 100 o Am Tobacco pf new. . 8914 1700 7 Am Woolen 7314 13S0 . . Anaconda Copper .... 3S&4 100 o Asso Oil 00J4 S00 n Atch Top & Santa Fo. 85)4 fcOO a Atch Top & S F pf... 81 200 7 Atlantic Coast Line... 80J4 1J0O . . Atl Gulf ft W I S S. . 37J4 H 100 . . Atlnntlo Pot 12 15000 7 Baldwin Locomotive . 00 100 7 Baldwin Loco pf 8?Vi 1200 . . Baltlmoro & Ohio 3H 200 4 Baltlmoro ft Ohio pf.. 51 2100 s Bethlehem Steel B... 58J4 100 .. Brklyn Itapld Transit 9 400 . . Brklyn It T ctfs of dep 0!4 100 . . enrtdo Central OAR. 10 100 . . California Petroleum . 37 100 Calumet ft Arizona... 4714 800 o Chandler Motor 474 400 .. Chesapeake ft Ohio... 5814 300 .. Central Leathor 20 100 .. Central Leather pf... 05 200 . Chl Mil ft St P pf.... 39'4 100 s Chl ft Northwestern.. 00H 1001 .. Chl B I ft Poo 34 100 .. Chile Copper 1114 100 .. Chlno Copper 33fi 200 . . Coca-Cola 35 500 .. Colorado Fuel ft Iron. 2Jli 800 o Colum Oaa ft Elco. ... 88 1000 .. Colum Qraphophone . 414 200 .. Col Qraphophone pf . . 17 100 4 Comput Tab Records. 35 400 .. Consolidated Dls Ins.. lJe 400 7 Consolidated Gas .... 89 500 .. Consolidated Textiles. 1SJ4 300 s Corn Products Ref... 75 2300 2. so Cosden A Co 20 3100 4 Crucible Steel 03J4 400 . . Cuban Am Sugar 13!4 100 .. Cuban Cane Sugar... 84 COO . . Cuban cane Sugar pf . 20 700 o Delaware ft Hudson.. 10114 1200 10 Del Lack ft Western.. 100 700 i Dome Mines 18 lion s Endicott-Johnson .... 05S 200 .. Erie 13?i 1C00 3 Fnmous Players L. . . . 60 100 10 Fisher Body 84 JJ 400 .. Flsk Rubber 10T, 300 . Freeport Texas 13i 3000 General Asphalt 83 500 r General Electric 127 700 l General Motors 10 100 7 Goodrich BFpf 78 200 7 Great Northern pf. ... 70 300 4 Great North Ore otfs. 20 300 Guontanamo Sugar... 7J4 100 .. Gulf Mobile ft Nor pf. 23 000 .. Gulf Stato Steel 404 100 4 Haskell ft Barker Car 88 200 . Houston Oil 53 500 l Hupp Motorcar 11 li 100 7 Illinois Central 9514 200 .00 Indlahoma Ref 2K 200 .. Inspiration Con Cop.. 34 300 .. Interboro Cons pf OJJ 300 Interb Con Corp 2!i 500 o Int Mer Marine pf. .. . 45?8 100 7 Int Harvester now. ... 80J4 100 . International Nickel.. 14 5000 . International Paper . . 4l. 3200 .. Invincible Oil Corp... 8 14 2300 Island Oil 2 200 .. Kansas City Southern. 20JJ 000 4 Kelly-Sprlngfleld Tire. iU 3300 . . Kennecott Copper ... 20 300 . . Keystone T & It 1214 1100 .. Lackawanna Steel ... 43 Low 4JM : 22 v 54 l 41 85 U 3JM 3414 28J4 84 H 2714 20 110 11 31 24 50 00)4 OH 80)4 25 53 H 43)4 75 108)4 89), 74)4 31l 90)4 85)4 80K 80 14 20 M 13 88H 9SJ4 3S' 51 55)4 0)4 0)4 10 37 47(4 4S4 55 28H 05 30)4 OOH 33 S 1114 23W 34K 25 57)4 4)4 17 35 1 87 Yt 18 74)4 25)4 03 13)4 HH 20 100 109)4 l??i 65 13)4 55 84)4 10)4 13)4 51 120)4 0?s 78 70 28? 714 22 39)4 5t 51)4 Ills 05)4 2. 3i 0 9, iV 15)4 SOJ'0 14 48)4 7J4 2)4 20), 41)4 10H 13 42)i Net Chte. Ji 1:80 P. M. 45X 2314 14 1 43K m 87)44- 2K 34H 14 34)4- 14 28)4- 1 3tJ H 27)4 .. 20 - n 11B 11 31J4 .. 0 34J4 0114- a 00)4 Ji - It 8014 3514 14 53 - )4 42)4- 1H 75 10SJ4 V 89)4 14 75)4 34 38)4 .. 00)4- U4 85)4- V 81 )4 60!4- 14 27 ji- a 12 89)4 .. 08)4 J4 38H Va. 51-14 65)4 14 9)4 .. 6)4 .. io - X 37 )4 47)4 2 40?4 A 65-1 38M .. 06 .. 39)4 60H- 33 H 11)4 23? 34 -35)4 57)4 4)4 17 - 35 114 87JJ- 18 -74)4 13)4- 894 20 101)4 108)4 18 65)4 13 65 - 8114 10J4 13)4 5194 128)4- 10 78 1 70 28 i . 7)4-231 40)4 H 68 -52 1114 05J4 3H 34 Js- 214 soj'b ; 14 18)4 42)4 20 1214 3?4 Salts In I in or i men 'it 14 H V V 14 94 It 3-4 9b 4 114 14 14 14 1 14 14 14 14 19. t?a 14 14 114 94 100 . . LAolede Gas of Bt L. . 40 200 l Liggett ft Myers 16314 100 7 Liggett A Myers pf...l01J't 600 . , Loewe Co 11 100 i Loft Candy 9J4 200 7 Manhattan Elev guar. 40)4 190 1.75 Manhattan Shirt 28)4 200 .. Market St Rwy 814 200 .. Market St nwy pr pf. 31)4 100 .. Marlln Oil 18)4 100 i Martin-Parry is 100 ..MoxwellB 9 800 s May Dcpt Stores 80 16200 12 Mexican Petroleum ..116)4 000 z Miami Copper 21)4 1100 1.80 Middle States Corp... 12)4 1600 .. Mldvalo Steel 20J4 100 7 Minn St P A 8 St Me. 09)4 100 .. Mo Kansas A Texas.. 3)4 300 .. Missouri Paclfta 19)4 300 . . Missouri Pactflo pf . . . 3sK 200 7 Montana Power pf . . . 03 100 7 Notional Biscuit pf... 11114 BOO . . National Con ft Cable. H 100 Nat Enam A 0 37 100 . . Nev Con Copper 11 J4 700 b New Tork Central... 71J4 100 2.60 Now Tork Dock 80J4 100 7 Norfolk A Westom... 00 1800 a North American otfs. 8934 1300 a North Am ctfs pf 31)4 700 7 Northern PacMo 78)4 100 , . Ohio Body A Blower. . 10Ji 800 . . Okla Prod A Ref 2 600 3 Orpheum Circuit 19)4 100 ..Otis Steel 0J4 100 . . Pacific Gas A Eleo. . . 5o' 2800 .. Poclfio Oil ...'. 35)4 2700 o Pan-Amer Petrol .... 63 ? 700 6 Pan-Amer B 39J4 100 .. Panhandle 7J4 60 .. Panhandlo pf 70 700 .. Parish A Bingham.... H3 1900 2 Pennsylvania R R.... 38 Ji 4000 .. Penn Seaboard Steel. 1114 600 .. Peoples Gas Chicago. 53)4 100 .. Pero Marquette 10 Ji 400 a Philadelphia Co 2994 200 .. Phillips Pot 23 100 .. Plerco-Arrow Motor.. 13J4 400 o Pitts Coal 69 100 8 Pullman Ot 300 2 Puro Oil 21)4 100 .. Punta Alegre Sugar.. 28)4 100 2 Railway Stoel Spring. 84 40o3.41 Rand Mines 25)4 200 .. Ray con Copper 13 2000 4 Reading 7134 100 2 Reading 1st pf 4234 400 2 Reading 2d pf 43 100 .. Rcplogle Stoel 25)4 1300 .. Republic- Iron A Steel. 53i 200 .. Republic Motors 0 48)4 24 24 V 21i 3 0934 1600 6.20 Royal Dutch Amcr. 300 400 ion 300 100 3000 2000 500 1500 400 100 200 7200 100 2000 200 300 1300 000 800 100 600 230 300 1300 10500 1100 3500 100 43800 201. 900 1100 300 100 200 100 100 200 1600 100 77)4 4 9b 35 J8 22 Ji 109u COJs St Louln San Fran .. St L A S W R R . . Santa Cecelia Sugar . . Saxon Motor . . Sears-Roebuck . . Seneca Cop Corp 1934 .. Sinclair Oil 20)4 . . R loss-Sheffield 4034 0 Southern Pacific 78 .. Southern Rail 20)4 .. Southern Rail pf 47 7 Stand Oil of N J pf...l07 7 Studcbaltcr . . Superior Oil Corp. 8 Texas Co , . . Texas A Pacific. . . 1 Texas A Pac C A O. 0 Tobacco Products . , .. Transcon Oil 81 10 Union Pacific 121)4 4 Union Pacific pf 05H 8 United Drug 55 34 0 United Fruit 110 .. United Rwy Invest pf. 1994 6 United Retail Stores. . 649s ..US Food Products... 1394 4 U 8 ind Alcohol 48 . . US Rubber 50 BUS Rubber 1st pf.... 88 3 U S Steel SOJJ ;l'S Steel pf 100)4 2 Utah Copper . Vanadium Corp . . Va-Car Chemical . . . Vlvuuilou lnc . . Wabash 1 Weber A Hcllbroner. 4 Westinghouso CAM. 44)$ .. White. Oil Corp 7J .. Willys-Overland 6), 7 Wilson A Co pf 80 609, 33 H 30 U 8)4 7 9i 13 14 Ex-dlvldtnd. Low 49 102 101J4 14 Ji 8934 214 14 81 18)4 18 9 79 113J4 3114 13 2014 6914 3)4 19)4 3014 0.1 11114 94 87 11' 7114 804 90 38)4 31 Ji 7734 10 Ji 3 18)4 934 56 35)4 61)4 39 7)4 70 1114 3934 1134 63 10Ji 2934 23 1334 59 91 21)4 38)4 84 25 13 Ji 719s 43J4 43 Ji 25)4 51 J4 9 49 2394 34 K 2 V 3 0934 10)4 10J4 40 77J4 20)4 47 107 7634 494 3594 224 19 OS 734 12094 0594 55 110 19)4 61 11)4 47 94 4834 88 709s 109)4 4034 33)4 29 Js 814 V9i 12(4 44 J4 V34 0 80 P. M. Cbso. Ma 49-1 1(3 101 Ji . 14 0J4 14 40)4 J4 26)4 .. 8)4- W 31)4 1 18)4 H 15 54 o - a 803 114)4 H 21)4 13 - 20)4 0014 214 19I4 3994 93 - 194 11114 14 87 1114 7134 30 4 90 - 30)4- 33 J4 78)4 10J4 3 1014 034- 60 35)4 5294 30' 7)4 702 1134 11 3834- 1194 83)4 10J4 2994 23 124 69 -91 31)4 38)4 84 -33)4 13 7194 42J4 43 0 48 -2334 24)4- 3)4- 3 0934 1994 20 40)4 1)4 7734 14 2014 .. 47-1 107 7094 4 35)4 22J4- i3 6)i 731 120 Ji 0594 8594 110 1394 54 12 94 ft 88 ?9)4 33)4 1 29J-1 9 12)4 44)4 - 80 14 114 "l4 14 14 14 14 Yt 34 Is "l4 34 136 34 14 94 14 Ji A A H Ji 14 INTEREST LAGS ,i N CURB SHARES Amalgamated Leather Issues Make New Low Records. Oil Stocks Draggy New Yortt, Sept. 10. Tho majority of Itscus on tho New York Curb Ex change Market showed a flattening out of interest today, tbo leoturo being prcssuro ounlnst Amalgamated Leather stocks, the common stock selling nt 7Mi iu ;s mm wiu jirviurri'u lib oo, uuui prices being now low records. Comment was made on the wide quo tations of Commonwealth Finance, the common stock being quoted nt 45 to 65, without tales, nnd the preferred ijdng 40 bid, with the nearest offer nt 70. McAndrcws and Forbes held IUm, with sales nt 101 nnd 103. Philip Morris sold, cx-divldcnd of 20 cents, nt 0V4 nnd OYj. Southern Coal nnd Iron was quiet nt 2 nnd Sweets Compnny wns virtually unchnnged. Farrell Conl wns one of ths strong shares, selling at 13Vb to 13, while Glen Alden Conl also wns higher at 38 U nnd 3S. Imperial Oil sold at 8 nnd Inter national Petroleum ranged nround 10. i-rouuccro nna llclincrs Bold at 3. The stock was In supply because of the de lay in beginning transactions on the New ork Stock Exchange. Southern Petroleum nnd Refining sold nt 3 to d. Other petroleum Issues showed a drngglng tendency. INDUSTBIALB High Am Lealher 7 Am Leather pref 83 Car LIbIU i,v Columbia Emerald iZ Empire Food 17 l'arrell Coal in! 38 S3 415 Low 7i 33 1A Lit 38U 1H 4S 32 79 2!i Olen AMfn Coal .... lleyden Chem Loromobllo V II U 82 pno rref 75 aicAnarews l'Ortifs lot Phllln Morris ex dlv 0)4 Itadlo Com 2'i Hadlo C?rtm nrrtf ' Southern Conl nnd Iron. . i!)i "U Standard Hot 4(4 12 Swift InternntlonM 23 23 Bwectl Co nlL Texan Oulf S -nU ori? IlISUlI ..;. i,v 11 u s I, & H pref ii iii U S Ship Corp 28 23 u 8 Steam na nn United Prollt filinrlnc .... lt li United Ilet Candy o mi Wains Coil 1 i STANDARD OIT.8 Ohio Oil 233 232 3 Oil of Ind .'I 71H 71H INDEPENDENT OILS 30 23 70., .s C3 IS Allied Oil new Boon OH . . . : Hoeton Wjomtng Carlb Ryn Cltln Service "II" ctfs. Elk Hasln Pet EnBlnerfl Petrol Pedernl Oil Olenioclt OH 87 imperial Ull 8 Int Petrol 10 Lyons Pet f)(l Mnracalbo Oil 1H -Verldan Pot 8 Mexico Oil 02 Midwest Oil . 24 Noblo 17 Prod jeer 4 Ilcflners 37-i Salt Creek Prod 10S ilmms Pet O'i Texon 70 Texas Huches 11 South Pet & lief 89i 94 Commodity Markets LONDON STOCK MARKET Bond Salesman One hluh-clnss man with clientele to rnresont nn fstabltihed house. A rral man ran 1. Double his business with his euktomrrs, 2. Ity selling the bonds his custom ers prefer to buy. 3. lie paid it generous share ot the commtwlonit on each sale. I. And eventually develop a profit able lnterrst In the bnalness. A. We are not the houw you no represent. II. Ho lll consider yoar reply In strict confluence. C. We hope n real bond man will reply. D. Ilerause we haro a renl opportunity. C 510. I.EIMiKK ttirilh Trading In the local market was altogether featureless. The dealings continued on the Mime limited srnle but prices were generally better. The big spurge In steel In the New York market found partial reflection In moderate dealings In that speculative favorite with price running close to the pnrity of the big board. In the purely local list there wns conspicuous lack of initiative with the mnjority of the transactions made up of small odd lots. There wns rontlnued steady absorption of Pennsylvania ltail road. The threatened strike of the hopmen wns entirely Ignored. Electric Storage Ilottery advanced to 10."1. on few dealings. Lake Superior Corpora tion also milled to 7. U. G. I., re tained a good tone, but only a few shnres of the stock changed hands. Philadelphia Electric Issues remained lirm. Few transactions were made in Cambria Steel at 7."5. American Stores after opening at 62i reacted to 01. Trade Draggy and Uninteresting. Home Ralls Weaker Financial Briefs GRAIN MARKET Chicago, Sept. 1!). -Wheat htarteo with September '?ic higher, December unchanged to laic higher nnd May ic to IVic dearer, buying at the outset because of the re port showing enormous exports during LIugglsh nl,a lrrceul August, ino upturn ran into scuing wns CT ana the murKet reactea, oniy 10 recover MIMNO Bit: Lcde floston & Montana Candelarla M Carson Itlver (refon Clo'd DIMilo Kxt Kt Salvador Eureka Croesua . . . . Ooldfleld Florence . . Unilinear Jlowo S unl Jerome Wrde National Tin Nevada Ophlr C.vsd Sllvpr TTorn NIplMlng 4"s Hay Hercules -u fillvcrdale .1 lonopah DUIdn 07 Tonopnh Extension 1 Unit Ml Eastern 2 Vet End Con 83 Whlto Caps Ext 3 20 711 2rt n J A In 31 41 n 2 20 no 40 H c.rr,,ttr Mar "d'l Jne 80 American wilinir Machine romponv how. alter pro- London, Sept. lfl.-Uquldntion made m'.'WTr K, .TZ ,&,?rt!?,..M the oil group flat on the stock exchange IhVpS'ri. Vr "el t,ro,1,s ot 53,0'57 ,n! AJK"?!.'!,7",."?!.'.::::: n-i - . ' ...-....- - - - -.I, inn IU)MH Ame- Tel rt. 1122 Wn The bond rnarkot displayed an active ami ...1.. I.l. tJl. 11 rp..n.w..s ..,1 fP.. .1 rri luuu.t . xiuui .iiuii xiiiiiimrb mm iiuir xuere was genfru. , nnj a,cxcan En, worc QUotcd Bt i n toS. ihrSSinS,," K'.'Xiu'" S"S -K ' .... . . 7 . irrn.in. i ' . -1 .-.. :-,' ." "-" ..-."" '.' "'' 4. The industrial department was Jr-r.r .u,,.'0 L '"" ' .": or. iiuaron-B uny : i'u50"cVon,"y.. 'i'."r,j: '.fi?". '' Hubbers were firm, but with I largo inTestors. ' " u"u" "nu little trading. Kaffirs were quiet and Th aerae prlco of the tenty actl ivvuviiim n . ' l"" 'f't oiocKB ueoiinea 0.12 rcr cent on lmipi'ted Sntunlnv wero ninety-four i J.'.! , ., , , ?m ..'? .'"."o. while tho tentv railroads nspetyeu n.nuruuy liu uuilij '"' lo nr ilescrlnt ons were dull In svm- ' declined $.13 ter cent to T3.2U. patliy with New York exehnnge. Home rnllt were neglected and weaker. Ill ' Shipments of nelchshanlt pold to New York Philadelphia Stocks GE0.A.HUHN & SONS STOCKS AND IMNDS Ietnlrr of Ih: I'hllaileliihlii, 01 1 Mini Chlcso Moilt lUclinntu N nrk f tlon "Trlinnr Commission Orders Executed In All tho Principal Markets Liberty Bonds Bought and Sold llrllvtur Cimrt IIUIk.. 1118 Walnut SI N. ,. Ill llroadnuy, Allintle City ml)niilor lintel . . Hlh Uw p" M. chice. 125 Am Strs. 02 tll?i Ol-f H UK) Cam Steel 75 75 75 7. 24 EleeStor.105,a 105j lOS'A lH Id ti'-n Asph 51 51 ol i.l" l.UKv PUP I 4 I.oh Vnl.. 514 1...1,. r ....-..... .tiiwu t nrr vii .. - .-- mil.. i.juhii. imi-ui . !'": t.i-i p..i lUt nnl tlin tiirn.nvpr u-ns c moderate. Weather reports showed ?. . ,,,,,,' innns ,vpr w.ti,oiit fen-1 torm hut l lit rnlnfnll nnd cen- : " ... . cai.s, .ust year, iiity-scven cars. Tho cash market wns lirm, with choice wheat scarce and bringing li'-t-ter premiums. Deliveries on Septem ber control ts this morning, 50,00(1 bushels. Country offerings to arrive vcr scattered, but light, rainfall and gen unll lower temperatures. Com started practically unchanged, with the firmness in wheat offset by eslliiuted receipts of 830 cars. Oats opened with commission house buying and practically unchanged. The start was followed by a reaction. Trade wps light. Arcentine mils tlmrp wns renlizlnir bv V.",.V..m V"?" e0 f0V.l'! Pr-wnt Sma profc-sioniils. iiesitntlon was QUdlltltl. H nt llmnnn ..r.M r.n ...,. h..n i i- . , . .'' :"".. """ .'"'" ""?" sumi B ....... ,,..- ii umiiunn may ba rent rr coer- in evidence In the i ' f. r' t"uun credits, but not on any den- rtw iHirnnnr run ... v. .,-. ii it nirinn-s & ... i n. ture, with alterations narrow. . llrat two weeks of September wire (.ienernlly, the markets dragged and "- ". a occrtase or u u-io ter cent, were uninteresting. ne consolidated Oas and Electric Llcht ?"'' Po.r Company, of Baltlmoro. has in LIVESTOCK QUOTATIONS Kit W?JlhJS.l 0f,!? Kchane to i - - .vvu, wv kw.iitiiuii ntuvit Chleaio. Sept. 19. CATTLE Receipts, 30 nn 70 tA 13t-j r 48 1 87 S 10 us 18 8 no 17 3'i 10 nH ns in 3U 73 211 Ta 23 111 30 3H n,T' 2 21 ns 3H 7 4 s. 20 s I A 8" 3 MI'-i lil'I ll-i 111 r.ir. 1:30 y 33 1A 17' 13 3 43 82 70 2',i I 2'i 4H 23 24 2n l?i 23 30 li II". 1A 133 71H 3(1 70 4Ji i.m r.'i 48 t. 67 B 10 n.-l 18 R eo 2b 17 i.ji ns in s'i 20 1A lit 80 as ii'i 2? 20 r.H 3K 8 4i 211 I (in 1A J A 80 nim ii ."i in ri,i r?n. III ri.iA.. unrf c.it, (nn.... 77 Copp-r Export ha. 1024. .10J IJilJji 1014 fioodrlch Tire 7 n J' JJ nrand Trunk 04 s I4 "4 nR4 Out on .8 ";r , .i- rM " . . n7"n. Illlllllll U.l ......... "' Interboro 7 Kennerott 7s t.-incl Pnnk Chl B4 I.Ibby McNeill 7s Mt i.ioaK n Ohio Power 7s . Phlllpplno r,4 s . SouthweFt HeM 7i Ftiinil Oil N Y 7s. tnnd O I N Y 7s, Stind Oil il s . Pun Oil 7s . . Swift 7s, li2.'. .. Pultt 7s. 1031. . United Drill 8s . Vacuum Oil 7s Wntern Eloc 7s. Swiss .14 s U S Droill 8s . . . . 77 . 04 .1014 . mi4 . S04 . 04 . Hll'4 117 H no: 07'i 77 044 nn1 07'A 77 014 mi4 HI14 on4 Ml' (14 on'd li7S. 0H4 Rll'l 01 07; in2s..in2t in2S iii:"i 1031.. 1044 1014 mm 1H2 11124 1024 or. os os onij oo no1. oo on on 07 07 07 102 1024 H'2eJ ini ioi mi llll HU lni' 004 00'- 00 43 Pn Tpnt'I I- & p. 251 Pa It It. 32 PhllnElee 15(1 tin prof. 15 CGI.. IlllltrS Stei'l .Ml ,i JOOtVnnnirin 33f;, 51U, i '-i 51V2lij 45 38 7 22' a, 32 'A SOIL 45 3S 2(1 ij 32 7i); 33Ci IS YOUR MONEY Earning 9? CITIES SERVICE CO. 71 Gold Debentures . Series D Yield 9.40 Write for Circular D-l Henry L. Dolierty & Company 001 Morris Hide. I'ldla. Members New York and Philadelphia Stock Exchanges 1410 Chestnut St. Autocar Co. 6 .Tcrial Gold Notes, 1922-23 HARVEY FISK & SONS, Inc. Land Title Oldg., Phila. N v. York Chlriieo lliiffulo llooton 45 .. 38 i'. 22i2 i6 2(1'... 32',; i, SO'h I', 334-1''- S'et i harms made bv comparison with last e on Now York Stork Kxchanse. I'lllI.Mir.LI'HIA IIOND1 1000 Liberty 2d I 'is "12 250(1 Liberty 2d l,,s '12 1200 Libert 2d 1'Ik '42 2200 Llbeity 2d ',s "42.... KKiOO Llbertj 3d 4'',s '21 uuui i.iopriN an -i'is 5(M) Liberty 3d 4',s '28 2000 Liberty 4th 4'is '3S KHHMI Llbertj 4th 4's '38 2000 Con True New .Ter 5s 1000 LU'Ptrie & People's 4s. . 5O00 Lehigh Valley 0s '23 reg 1700 Phllii Klec 1st 5s.. ..lols 3000 I'lilla V.W- iHt 5n reg.. 50(K) Cnlted llullwnys Inv 5 COTTON MARKET New York. Sent. 11). An accumula tion of buying orders over Sunday gave "'''''ty,,. , tup rution ninrKui u iirm uuuci umr i" morning nnd advanced Initial prices 30 to 'S points oer Saturday's close. The demnnd seemed to be quite general and included ordnrs from Wall Street, Jap- , anrs.o interests, New Orleans and 1 Liverpool. , On the other hnnd, some of the i houses with Soiilhern connections were, ,.,IUIlnthi ,.., b9Vt ,0 CATTLi:-ne- giiod sellers. At the end of the lirst . relptH Jlllm head Lower. Steers,. H fifteen minutes, the market was n lit- f Ru. heifers. t) .-.o!7 2B. cows. Jlwssu. tie easier under this preshi.ro and ruled ' '$ """ UlJU "ead. Meudy. lop. nbnut -U points over me ciose ot nai- 1 noes iieceiiits, s:oo i-aa riieao- IlrMHV IIMMFB, vS Oll'tl n.uou neao. lieer steers steaciv to. .oo Tnlll ..,. , ,.. , ... ' lower, yearilnrs and choice handy w-lshtn Aurn.V nm?,r-'." cf. cri,tl??J"?. "lined oils In1 holdlnir up bssi. early lop learllnas, 110 mi; Afu"1 J.nJ0ln,,l',n -,0 237.013,2M BllonH val- , iho stock relatively erarre. inotlv steady u,'' "' K-.081.O0j. nirnln: . U3 inn 703 nal- , Hu"! Lmchor cow nndhifer. 14 23rt.Vj. :;p.,..ulu,l t 21.017."i. In July. ,in,i eanners and culture larcely 2 ilil3.3.'.; hullh - '''"P Itallons valued at t IS.0I1U.575 In I ful'y 2Sc lower cals.s 200 SOo lov on hu k A"BUl 1020. tn ors. m unci rs. 2 .iuvli.i. riociterii elpts a'J.OOO head Moftly , ,.V'!,ti, '"'' '-yeptlon of Steel common, the lOUUc hlsher tliun Saturday's nerace "'".' '"" iimio iiuie neanway in llrst half Top, ss 7S bjll. llRlits nnd light butihrrs .J''"1 W"l sold at S04 . un Just io points tb inii h 70, bull., pn kins suns $i7.Mf7.:ir., f"1!1 i r low. Crticlblo. Itepubllc unci ItlrM sllflt 1. 11.1 f!,..trnhln. 17 nr.i 7.7.-. Ji. lllil'IU'm bteal. hoilfllfr. h. r i.,in .. We Offer '' $100,000 Chicago & Western Indiana R. R. Co. 1 S-Year 7 Collateral Tnut S. F. Bond. Due September 1, 1035 LISTED ON THE NEW YORK STOCK EXCHANGB PRICE AT MARKET, TO YIELD OVER 7.80' Secured by tbo depotlt of Series "A" Flrat and Ra funding Mortgage 5 Bonds. Tbo latter nro secured by a direct First Mortgngo Lion on jtbo Company' Clearing Yard nnd by n junior lien on tbe balanca of tbo Company's property. Tbe total valuation of tbo property as of Marcb I, 1917, has been stated na over $128,000,000, ngninst which the total outstanding funded debt is about $66,000,000. The Chicago & Western Indiana Railroad Co. was incorporated in 1879 nnd now owna one of tbo most extensive nnd complete systems of railroad terminals in the country. The property is composed of two principal divisions, tbo pnaienger terminal division, comprising the Dearborn Street Station nnd tracks, nnd the Belt Railway Division. The latter is utilized for freight interchange between the Railroads enter ing Chicago and is controlled by nnd operated in the interest of tho following companies: Pennsylvania Company Illinois Central R. R. Co. Chesapeake & Ohio Ry. Co. of Indiana Atchison, Topelca A Santa Fa Ry. Co. ChlcBurl.A Oulncr R.R. Ce. Chicago, Rock Island A Pacific Ry. Co. Minneapolis, St. Paul A Sault Ste. Marie Ry. Co. Chicago A Eastern Illinois R. R. Co. Chicago, Indianapolis A Louisville Ry. Ce. Erie Railroad Co. Grand Trunk Railway Co. Wabash Railroad Co. The last five jointly use the passenger station and terminal properties of the company for all their freight end passenger business to ana from Chicago. The Clearing Yard, port of tho Belt Railway Division, is the most important common point for tbo inter change of frejight cart between trunk linns in the Chicago district. Sinking Funds are provided which will purchase bonds of this issue up to I02J4 and interest, or call them by lot at that price. These Sinking Funds will, it is estimated, retire the entire issue before maturity. Complete Descriptive Circular on Request KcIrsestBros. &. Co. BLAJNTKERS 1-421 CHESTNUT STREET PHILADELPHIA Members Philadelphia Stock Exchansk These statements, while not guaranteed, have been obtained from sources we regard as reliable. Jf iL THIS bank with fifty-five years of experience is well fitted to serve its customers through the present economic situation. Central National Bank of Philadelphia Chestnut Street at Fifth Capital $1,000,000 Surhlus and Undivided Proits Earned $4,400,000 HHKKr KerelBti 42.HQII h. ad. fat. rallvo lambs n.onlv Kilo lower. Top, JU 2,'i lulk around SH. fat Wfiioin lambs about '.5c 'owvr. Top. Jin, l.il kluoD and ftider urailes mostly eie.ul . clioku feeder lambs. 47 30 heaw S0.14 ... hU.ll ... Ml. 20 . . SJI.21 lots Ui'.hO ... 02.no 02. SS so 10 SO. -JO 01 :m 00 r,i,i O.) Previous 11 Close Open A JI P..M September . 18.10 lH.fill . irtbl'ir ... IS 10 18 HO 18, S7 111 un Dim ember . . 1 ''O l.vlli) 10.211 11133 .January IS 40 1S.bO 111.10 1D.27 March 1R.3.1 18.HO in.12 . May 18 IS 1K.62 1S.0.1 july 17.H5 18.23 5s BAR SILVER v.. S. PATTON & CO. 3 CIIKSTM1T STS. BANKERS Siirrrorn u sArr.ru & ki kvi:nson m (,' mil NloiU lutnitU anil nnld . mnm. Cei t.'fied Public Accountants Ilur slltxr was ', i hlKln r in Imdon to day at 110 d 'ARREST US,' ASK BAYMEN; I 'CAN'T,' SAYS COMMISSIONER Alleged Shore Rum-Runners Must Await Deputy Marshals , Atlantic City. Ki-pt. 111. -laymen accuhcil of iiim-rtinniiiK In fot motor , craft nnd for whom IVclernl wnrrants have been IssiumI irri'lvoil a surprise to ilny when they wnlkoil Into the oflW of ' ITnItr-il Btntcs CninmiKNloncr Hiram Stcolmnn to give tliemselveH up anil found they could not ho nrrei-ti'd cxrent by I'Vili'rnl Ih-tiiity JlnrsiialH. The i'oinmIsoiiPr inforiuoil tlin (ipplicnnts fur nnost tlint ln would hurry nlong I'm innrMiiilN from Tri'iiton or Newark tu urref-t tlicni The Deputy Jlurshals, who wero here last week, K'arched for several days for the men who appeared today. The men are charged with liavlnc aided in landing cnrKos of Scotch whisky from NEW YORK COFFEE MARKET New Yurlt, Sept. II). Tho local oof feo futurt's mnrket opened 7 points ! hichi'r to I point lower this morning, 1 with trading fairly active, the demnnd I coding from scattered trado and Wnl! j Strict bources. Trading at mid-day was quiet, Dp- I einher having ented off 7 pnintn, tu I 7.58, under pressure of selling by tired longM. with M-ari'Ply nny demnnd in eviileni'i1. Tlie market snernB to lie under the depressing influence of hedge belling, protit -tulilni; ami si'lllug un htop-losH orders and, while the Htntls tiral position of coffee seems to be Mitind, tlie market lnckn inlying power of tho aggressive sort and trading eon tinues to drug along In n rut and with out character of nny kind. previous October . November Decomber , March ... May July Hid. 7.33 7.B7 7.H7 6.02 8,18 Openlnir 7.30 7.4375 7.04O0S 7.fiM 8,02 ii 03 8 13 MONEY-LENDING RATES NIJAV VOHK Money on call, both classes of collateral, npenei'-.Hday at 6 per cent for lendlnir nnd reraj-..-. l'IIirAliKI.ril!A'-T, per cent; time, 0 per cent) comnr-f laper, three to six months, 0 per cent, j Note These are rii-lty nominal quota tions, the leial rati of 'terest in the Slate of Pennsylvania IWnir.'.ed at 0 per cent Plus premium aix1 cnnVMsslon, time money for thirty to ntnuy dMi Is loaned at u to OH per vent, wh-:s coMierdal paper, from Pr if-.n.,Pv.oar"i-.-it,"ul??J1' v. to us lt:nlea, s SIIHS.iin iS BU lltht julkers sili:i:p AND T.AMHH head. Stead. Tup nheip, lu lower orkers. Js. ,D JS.J5HS.riU, plea, ts Jtecelpts, 70110 Jji top lauib.1, t''l ( unHidpruhlv Cft. below tho high of last i:t iiurruo, n. v.. sept tn catti.g P.uti Ipti. 21110 head. Uood buichers stronm shlpplni bi..its quilted J3P 30. but n wui top ijuu' ts l,"lni? poor. Itutohers. $7.7.iw I toiirlliiKu. 1114 10.23, helfurs. 55fS: cowh II ,'U'ii .1 3d bulls, J353.3U, Ktnckera and feccliTK. J315 73. fresh co anil sprlnaern, 51311133. I'nlws, retilpts. 20(10 head, 3Uc li.ui J,-,h 15 IIOCS llpeelpts 15.000 bnad. Plva 23o bliilpr, hnny, tu 7r. -ji 11 . mtxod tnrl orl.trs. Jfl, IlKht dj. Js.75'u!l, plus. SS 75: rou,!hs. t ,"' M "lift 4 3n . .. SHKi:P AND I.AMHS Itewlpta 1...000 head Uimhs, 25e lower Lnm"is tltfVi.i.t, viMrlliiEh, S3 r,(ii7 uctlii-rs J5I&5.50, owes, Ku 1 5U. mlxtd heep. $ l.SoSfB. DIVIDENDS DECLARED Jnrfs III others Tia Company, cjuarterly i per runt on preferrsd. puvab'.e Ciotobi r 1 10 stork nf record Heptember 20. Dufjuesne Light Company iiu.irtorly l per (.ent nn preferred, payablo November 1 to BtuUe of reemd Octub 1 I BANK CLEARINGS Hank 1 .uarniKH today ro.-nnnil !th eor repondliM dav Inst two ji-art. 11(21 lO-'O 10111 Phlla 171 linn. onn 78 fir; HH7 J72 n4'i,inii flaston .. ll.Ili'l.Ofll ri4.S3S,2U5 4ll.330,SSS N, Yoik 41)7,2(10,000 mill. 112.' 27(1 507 013.307 Liverpool Cotton l.herimol. Sept. 10 TIkto wuh a large Ini'Jlry for spot cotton tndsy, hut prices weie vosler on the basis of a deo'lne of 43 points for rnlddlliiir at 12 08d. Tno sales ver 13.000 bales The receipts Mere 41100 baits, Includlntr 1300 bales American. Pu tures worc quiet In the early dealings. Spot prlcos were! American, middling, fair, 13,73d Kood middling. 14.03d, fullv mlddllnk. 13.35(1; i lddilnsr. 12.U0d, low nr.ldlllnr, 11 nod, irood crdlntry 10 hSd. and ordinary, 10 10J, Trade Dull on Paris Bourse Paris, Sept, 10. Tradlnc was dull on the llourse today. Three per cent rentes, CO francs D centimes! exchange on London, 31 franca 70 centimes: A Der cent loan. 81 franca 45 centime. The dollar wa quote A fuiihrr dcreaso In 17.312 Idle cars ofr irn week ipfl,.rts improved business, llqulp mnt compinles look for un .ncreasi. in lullroud bujlni In lost quarter of tho ear Tl. ("ni Knlldated Textile Comprny will pav off ficr,i.r 1 at 102'i. all outstanding 7 pi"! "in ei.iurrllble debenturo 7 per cent notes dn,. Anrll 1. 1H23. Thee notes w.mo lulled A, ,111 1, 02P In amount of :i nnn nnn Sinklr fund has already retired 1132,000 Ih s in iilslimlly offfred nt 08'j WARREN AtToKOHAMA New Ambassador to Japan Makes Favorable Impression Yoliohama. Sent. 17. (Ity A. P.) ideiajid) -ClinrlcH II. Warren. Hie new Amciicaii Ainhnssador to Japan, arrived here today with his wife and tliri" hoiu on honrd the Ptcnmer Golden Siute. "I eoine to .lapnu, not only for the put pose of seeking to be useful to my own eniintrj ax nn Americnn, hut also tn heioine familiar with the Japanese people in the hope that I may be help ful in repie.senfng their attitude to my own Cnu-ninent and people," AinbnH sndor Wan en inlil the newspaper cor- lespoiiileiii his nrrivnl. It wns iinpiirent Ambassador War ren btruck 11 note jilensiiig to his lienr et's. PIANO TUNERS ARRESTED Two Itinerants Arouse Suspicions of Shore Cottagers Atlantic City, Sept. 11). Tho first men ever arrested here for piano tuning were brought to City Ilnll by n pollcp muii after householders In the exclusive cottage district complained thnt they wero being annoyed by two Itinernnt tuiiem whom they feared might be hooking entry to cottages for moro hPrloiib net Inn than even tho making of tuning (lib. iird. The men who gave thplr nnmes nB Fred Hitwtliorno and Frod H. Waples, of Philadelphia, proved j pollqo thnt piano fining was thclrti lyorst crime nnd were allowed to pay ktall fines for uoing uutiness without Toridsilty. of '.!-., MINE WORKERS GATHERING Convention Opening Tomorrow Ex pected to Be of Great Importance Indianapolis. Sept. ID. (Ity A. V.) Vmnl nrranirements were made to- dnv for the opening tomorrow of tlie htcnnlnl convention nf the I'nlted Mine Workers of America, which union of pVinN believe will he one of the most momentous rntherinif.s in Hie history of 1 tlie organization. The wage qucMIoti. I officials said, would probably be tlie j euiter of interest, and It was expected thnt Internntlonnl olficluls would ree ommend iigniiist nny wngo reduction when present agreement with oper ators expire next Mnrcli 31. Most of the delegates hnd renelied the eltv indnv. It wns expected the 1 attendnnco would be between 1.100 and 1(100 men. The ojiening sesinn will bemnrked bv addresses of wclenine by Ciovernor Warren T. Mcf'inv and Mayor Ohnrles W. .Tewett, nnd by leaders of organized Minor inner uuui me nunvir 'i, A lung report by John Ij. 1-ewls, in ternntloniil president of the miners, U expected to occupy tlie attention of tlie delegates throughout the nfternoon. HURRICANE DAMAGES LINER' La Savole Forced to Run Eighteen Hours Before Wind Iliure, France, Sept. 10. (Hy A. P.) A hurricane Btruck tlin steamer I.n Savole during the night of Sep tember H-lfi, causing considerable dniuiige to the upper deck, wrecking the wirelem nnteniiae, currying nwny two lifeboats and Injuring two sailors, the vessel's officers reported today. The Mcnuier, which arrived here nt noon today, twelve hours overdue, was compelled to run bpfore the wind for eighteen hours. Bricklayer's Fall Breaks Shoulder Abraham Slgmnn, twenty-seven years old, 2117 North Franklin street. n bricklayer, broko his shoulder and injured his back when he fell off a scaffolding ho was working on today at Nineteenth nnd Pacific streets, lie la In tho Samaritan Hospital. Thief Geta Six Months Judge Audenrlcd todny sentenced! Warren Keek, 025 North Murshultl street, to six months In tho Countv Prison after the defendant pleaded guilty Jn Quartor Suasions Court to btealing two .suitcases full of clothing man xviijr a uiu, n wuger la me ninr thnll lllras--iMi-''T-j - v-' -.' .'. BENJAMIN FRANKLIN selected the choicest maxims he had printed in "Poor Richard's Almanac" during twenty-five years, and wove them into a narrative entitled THE WAY TO WEALTH, which our Savings Fund Department has re printed and will furnish, on request, to individuals and corporations for distribution among their customers and employes. Fidelity Trust Company 35 Chestnut Street 43i Chestnut Street Capital 5,200,000 6324 Woodland Ave., West Philadelphia Surplus 16,000,000 Funds Held in Trust More Than $250,000,000 WE OWN AND OFFER, SUBJECT TO PRIOR SALE, kt , $25,000 NeAW York, Chicago & St. Louis 1st 4s, 1937 ThoSlnk"nKTundm?raHn4,?5,"lLIes of mrtlP ,lne 'rem DurtaI t0 Cnlc.u?,d over ij.oooooo to Uat0"tlnB ,0 tho extent 100.000 por annum has retired as Utah asooH.0'8 "tea n th New York StooIt '-"chance and have sold Schib Free of tax in Pennsylvania srire in aiurket Bell-Lorn1 ener, Boenning & Co. . 'J!v"tmnt Bonds K12.R14 Wl..a Ci-.-i M.V? Philadelphia Block EzcXnnn r T,,i;r-.T?:T.--'io.ei Mata 4-a I SU V -'- " P'aw.aarn ,.