The Pittsburgh Press from Pittsburgh, Pennsylvania • Page 15

SATURDAY EVENING, JULY 7. 10 THE PITTSBURGH PltESS FIFTEEN nek Better Manifest A ttitudi Eastern Prices Fflimainice and Trade KM rs is now being produced I TWO FACTOR JOHN D. TO SPEND Crude n.fmt.nm NEW YOUK STOCKS IBusiiiniess In the United Htatea at the rate of 2.26.1.S; HELD TO BLAME The Kwnlng New York, July 84TH BIRTHDAY QUIETLY AT HOME By B. C. Forbes.

SNORT SESSION OPERATIONS VERY ORDERLY III THE MAIN Dealings Rather Restricted on Pittsburgh Exchange Manufacturers Light and Heat Popular Industrials Fairly Brisk. barrels a day, an inereaae of 72.K19 barrels a day over the figures for the previous I wees, according ihs Oil City perrlck. Sales of stocks on the New Tork stock esehange in the flrBl half of Ihe current I 157,737.700 shares, compared with 147.eis.lov shares In the correspond-! of year. In the same period Hi .1 400 sharea and in j20, the aggregate was Uii. 149.000.

The 1 neaviest ftye-hour session during the first sis months waa l.s6.40 sharea and the I smallest 42.40 shares. The largest two- ftour day was 7ki inn the i Itemrted by Kay. rtlrhard A mem-STl'T Turl Mwk Vlttsburvh ''lea FORWEAKNES I I il.a Trrv IOixh Hurhl AJ Rabber 714; 71 OF SECURITIES Vost today suvs- The course of prices on the Stock exchange in today's short session bore close resemblance to that of yesterday. After a firm opening the market turned dull during the first hour, trading being enlivened only bv a renewal of the on one of the rail Issues, Delaware Hudson. This, however, failed to disturb the list us a whole and with Increased activity In the closing hour both railroad and industrial groups continued their improvement.

Gains of a point or more Mere fairly numerous. Bonds held steady in moderate trading. The foreign exchange market was offered French franis in larger volume than it could readily absorb, and the result was that tho quota Iperlal Cable to tup York Evening Pont. By Arrangement to THE PRRM. London.

July 7 Nervousness over the political situation and 'dearer money prospects are equally respon smallest 2l.atio shares. The heaviest months trading was 24.740 00 In March and the smallest 20,317.400 shares In June, Jan. 1 there sjere 40 days with sales 01 more than 1.000. 000 shares, against ln am period last year, 15 in lJl, and 64 In The heaviest was S.31.300 ahares in ek ended April 22. The Glasaworker says: "The week continued to show Improvement In the demand for window glass, stocks or both machine and hand plant warehouse are "celve for this season of the year.

lf resent demand continues will be badly broken and depleted within sis weeks. There has heen a remarks hie Quotations were little changed in the early trading on the New York stock market during the Saturday short session. Overnight advances Hy I' ailed Press. Tarrytown, N. July 7.

An old man stood upon a spacious lawn gazed across miles tf rolling forest bathed In sunshine todav. He v. ill be 84 years old tomorrow. He will go to church. Photographers ar.d reporters will surround him mm he arrives at the little country plac of He will pass a few ye-; marks, give a coin to children who approach him, perhaps, and again go Into seclusion.

Hie old man Is John D. Rockefeller He has given away a half billion eft Schwab is not trying to get control of Willys-Overland. He Is not reaching out for control of any other automobile company. Every week some automobile concern is brought to hit door-step, but Mr. Schwab declines to father them.

It was not part of the steel roaster's ambition to become a towering figure in the automobile industry. As a matter of fact, he was drawn into it at a time when he had definitely set his mind upon, not increasing, but reducing his personal business load. How did he come to assume direction of Stutas? Here Is the truth: Allan Ryan and Mr. Schwab had been close friends. When the former was getting into financial difficulties he, like a great many other folks, turned to the good natured Schwab for assistance.

To enable young Iron and Steel Conditions Allls (halm. I 40 40 40 40 A. Beet Sugar! 3t 'j S2 SI A.Bosch Msr-I 81Vi 31! Sl' St i mm S7V4I 1V s7 Allied Chrm.j 061 87 36 7 Am. Un. Oil.

20 10 20 to A. ar A Fy.l5 IM 1M trA Am. l.oromo.!l33;i34;i33134 133 Am. 10 10 1C 10 10 Am. 55 S3 5S Am.

Sll. Fdy. 33 33 8t! S2 32 Am. S. Ton.

I 1 19! UH 1'4 Am. T. A T.II21V4 131T 121 121'12l Amer. Tob. 142 142 142 142 Am.

Wonlraj S3 at tw! 841 3 Anaconda 39 I 39l 39 39! 39 A. Hit Ciod 73: 30! 73' 30 73 a. a w. 10! 10! 10! 101 10 Atehlaon .1 99! 99 I 93 or declines generally were confined within small fractional limits and seemed to be about equally divided. I There was no news of importance i Ths rnltv u.t.l ,1 "Advanft that might have created a distur- of canning sca-ion gees tin can maker amount of business done In the first sit months of this year, and the general feel-ng In the trade Is that the second half to duplicate.

If not enceed, the nrst half. There has been a considerable 'r deliveries of tiiiplata from Wkjrh pu, am bance to the even trend that nasi thut has een trenu mai In well filled with orders. June buylnic of maintained the past few days. tion declined further. Tho ame n- dollars.

Hut so fast does his fortune during lha first half of 133. for which continues unusually good the 1., spite of a moro ur less violent out- for Vo "Var's. piron burst by individual securities at times, which in the maturity of cases ami easts nt.r, rn Nrar York sible for the depression In securities during the past week. As regard the latter factor, the first effect of tho new bank rate was discounted, but expect the.net result to be further gradual liquidation of invet-ment securities, settling dwn later into comparative stagnation. Prospects In the other markets largely depend on political developments, and this leads to consideration of the first of the factors mentioned above.

Without necessarily involving a break In relations between France and Ilrltilp It Is clear that there Is a clash of views concerning the Dot activee Its heavy continue to grow his wealth is muted at from a hulf billion a btl-h lien. Members of his family will upend the day with ltim at his bome iit J'ocantico Hills. The' public will have it glimpse of him when ho goes simmered down after it had spent it. "'Vn i 117 ll4 lis dilion was true of the London market and reflects the uncertainty over the reparations difficulties. At a late price of 3.T8t-ii cents francs were two points lower.

German marks also continued to cag and established a new low at cents. Italian lire self. Dealings were very orderly In I cents, la-sd ts iur at 4 and 4.U5 1 B. A Ohio. 44 4'4 44! 4.V54,! 4ti the maoin and the range proved tTonteT i nem'' Beth.

tl. 45 45W 48: 45' 44 Iturns Bros. ..131 lil tc church. He Is exnected tn narrow well Into the day. on a limited I "oners, Urown t'o.

ay: "June proved ,,4 be a much belter month in the pla Luinuvtrr. 411 iuu aecuiiu iiuur a in- iron market than Muv. While urlCIW followed the same course as riemn fcw n0es of golf on his private link's frajkcs, but Belgian franca moved In- today. tie more interest was apparent and inwlancea much as 11 values began to enhance, nearly the 1 and July opens with continued expansion denendently and advanced from Yes entire swing, list nHrtii'Inalln In th no- I I'uniis; a period such aa) we are list paruciputm in ine UP- I nw pang wncn ihe aeneral which gained momentum as run of consumers art nut purchasing, ii Bntte at t0 20! 20 itl 29 Cal. Petrol.

201 2I 20 211 20 Can. Parln 147 144 IW U4 Cent. Iather 20 20 20 19 lr. de Pnsuroj 33l 39 3 39 33 hd. 49 Sl 49! 511 49 fbe.

A Ohio-! 83i 59j 0O Mvt' Cbleago Tool 73, 73 7 73 C. A H. 70! 70 70Vi 70 7H'i Chile opper I 2S is 25', gj fhlno Copix-r! 181 IM 1V. 181 19 4 olo. K.

31! 31 31: 37 31 Ilyan to raise some money, Mr. Schwab turned over to him a block of marketablu securities, and accepted from Ryan a rather large quantity of of Stuta stock. When the Ktuta crash came, several of Mr. Schwab's banking and other friends besought him to jump in and direct affairs with a view to preventing a total loss. Against his own inclination, Schwab agreed.

Having once taken hold, he became determined to make the concern a success. Anything and everything Schwab has done in the automobile world has been prompted solely by the desire to build up Stutz. Any YOUTH ON BICYCLE BUN DOWN BY TRUCK: uu sleeps up. The fiieel Tube Co. of America directors have decided to retire the pre-terred stock and reduce the common.

Weekly Hevlew of Financial conditions In Its current issue save In part: ublloaoptnlon planes faith In stork tuo-ki "nfldence has been disturbed L. The stock marke how-'jer. ls following Ife normal habit nr going down after a period of profti Jinilng at high levels by wealthy investors movements have alwavs followed tisiriouting markets In due course: and tms market in almost every detail has been esreptlonallv true to precedent for more than two yara Even the uddn reversals of oninlrn on the part of vendors "VrR sdvlce are but repetitions er the ptat. Owing lo the unpopularity or bearish advice It takes coursge to advise selling around th top; and there wll always theuee who wIM place their stakes upon the popularity of bullish sd-vhe and trust to apologies when the market breaks. Tips ami tipsters, however, have almost no Influence upon the cour of the market, since the latter responds 10 the public haying snd eelllng Some of the causes of this bear movement are the rise of oneratlng costs, the cutting of terday's closing price of IWii to 4.70 cents, he reversal being attributed in part nt a natural reaction from the roent abrupt did in.

Sterling was quiet and unchanged at Other continentals were easier, but Scandiravian currencies handling of the reparation problem. vVe rightly or wrongly believe that Kurope's best Interest. Including those of the allies, consist In treating riparations from the economic standpoint and ln accepting Germany's propnsa's for Investigation with Independent expert decisions of her rryacity to pay, subject, moreover, to rijld rrstralnt German militarism in any We believe the bet Interests of peace and security are obtainable by aiding Germany's recuperation. Cena. ia 60 S0 59i 6(l! Bt Cora Cola 76 77i 70 77 7 Conl.

(an 4 45', 44! 45 41 Con. Testile 7, 7 i 7 7 the i-lnsln n-timu imrii Kails 1.1 ior lurnaei'S to souno out me ttosin gitme.appruai.nea. Jtaus, ltXf urgem mcltpra in an effort to strure industrials, oils and miscellaneous i backlog lonnases. This Is now tieins securities were benetltted materially, p. and at the end of the two hour SOS- their part are taking advantage of every I rumor to procuse a bargain.

The effect sion advances of from a good-sized upon the Jurnuuemen Is UfipreHinic and fraction to two or more points were "ill undoubtedly lead ot a reaction. M-, ready pr.ices are so far below cosl that general. many of the leas fortunately situated J.pillllntr Issues have been aptlnir In are preparinK lo bank or blow j.eaatng issues nae Been acting in Thi, ln HUply. Uh ft highly satisfactory way recently the continued active melt, will have a and tlwi'B am irrnwinir Imlicatlnna on the market. At Ihe Ural ana intie are growing lnaaaiion of rrbouno.

it is ejected that that the djwnswing has about reach- there will considerable activity with 11. iv.i it conKequehl elevation of prices, for much td Its limits, or that at any rate It third quarter iron Is still needed and has been stopped for the time, at comparatively few are fully covered for halunce of the year. Many Important least. Yet there are many who Still consumers appreciate this situation. My persist in believing further reces- -eonijarln their own costs now with those i (it few years airo, they realize what the sions may be in store, especially for blast furnaces are up against and appar-thotic that have not kent have concluded that pig Iron has about reached the low point for some pace with some others on the move- I months least.

Acting upon tbia infor- to Mi i kmimoditiiih. markets wire only moderately active and the tone was somewhat easier. July roltnn which is in a liiiilily speculative position ruled Herbert uged VI, 22i" Xorth Griihant st was seriously injured, totl.ty when he waa run over by truck driven by Hnrrv Straup, VlKli, Chartlers SVC, nt Kroud St. ami Col- litis ave. The hoy was riding a bicycle south in Flrnad st.

and was lurnlng Coll'ns ave. when hit. A rear wheel Corn I'rod II9 12nll9'a I 39 I 40 I 39 I 40 I 39 ranee, however. evirlcnlK' not onlv suoniy investment funds, the surest! higher (lurini; the greater laooe mlateiiatl hut is nfeeld riermanv slightly 04 04; 04 I S4! SI dangerntlS I.nni.a snit l.snkine unA It la hlirhlv dirTlcnlt tn diefln. i im.

October futures, arc trure indicative it it it 11 ii legislation 1'ntil these evils have spent their force. One ahnlH remain naurvu. 43 41: 43 42: Hve. Trsde ryct.g st present are like Coodrn Co. Cm.

Steel. Cn. a. Sag. do, pfd.

D. A II. Ihisif Mine F.nd John Krle I apprehensions and the actual militant spirit on the part of Trance. fml 93: 03 90 3.1, 34i 33: 4i 33 3 (L 65: Il lli lli 11 tlic true market position were of the truck passed over n'is left arm. under moderate gelling pressure as a mraup hailed a passinjr machine SH1 result of good rains snd favorable; took the boy to the Pittsburgh ho-growing weather in tic belt.

At a where it was said a lato price of -iit tictober was would be gave. 1:1 points lower. Wln.at traders are himself up to the l'ranltsto wn ave. marking time awaiting the govern- police. nient into lower ground.

These con- ar," anead and in- (iniry for the innw roii-iwine the civil war and dulte unlike those of the past SO venrs, owing of to the long and trying process eliminating war inflation In the normal cycle trade Is eiher depressed or declining only about one-fourth of th-ttme; but in the present and pegt-war cvelcs it depressed or declining about one-half or the time" fourth luttcier is Kiowiog. In the Immediate territory one foundrv do 1st pfd.i IS; 13; 18 13 Kler. ht. Ilat. so, S3 55 35! 53 Fa.

71 73 71 I 70 thing and everything not coming within the scope of this one idea has been turned down by Mr, Schwab, and he has no Intention of entering upon nny different course now or in the future. At last New York authorities, prodded by the New York American, are going after swindlers who promote fake projects and sell worthless stocks. The latest expose shows that one such venture, chartered, of course in Delaware, as are most thieving schemes, has palmed off $800,000 of stock on poor people and has only of assets, with no factory or plant or other property lo show for the spending of all this money. There have been turned loose in America during recent years more peddlers of stocks of questionable merit than there are salesmen in any man is inquiring for l.UdO lo J.0O0 tons of foumlry. unuther for 00 of the same grade, while sun others bar announced that they will soon enter tho market for sable tonnages." The Credit Olenrinr House weekiv r- ment crop report to be issued on rlak I 3 ft 3 9 aii port shows that during the dosing dsvs i i day and little biiainess dona.

Uotli MARRIAGE LICENSES. Meanwhile, our nre-tcnt policy Is l.ikely to lead to further chaos, politically and economically, and a possible disi.egra'lon of 'Jennany. It Is rl-ubtful whether the latter would really be pood for 'civilization. Tt Is believed that Premier P.ald-wln's views on all these points are sound and completely sincere, but his task Is most difficult, especially amid constant political intrljnies. The markets, therefore, ate Justified in rt.q.lnff ttie lnl.fn.ti.n.1 nn1ll Hiding views have occasioned mora or lens confusion and investors are experiencing greater difficulty in sizing up the real situation, us a result.

Delaware Hudson, after opening more than a point higher at sold off several dollars, continuing Friday's down trend, but rallied to a shade under the opening price on fair support. United States Steel moved forward after appearing f'risco Kree-pt Tea I 13 13; IS I3i It chasing percentage, amounting to for I lau. iiiu.1 tfiiJ lot' Statea as a whole. To this I IBa rlecee .11 Ihe Odd Lot Quotations WANTED. t.en.

Aspaaif. 27 29 27; VI 27 I Pacific coast where the percentage the July and September ftttitres le-lined siiglitly after .1 firm opening. Decreases are nbown In the principal Items of the weekly statement of the clearing house. Loans and discounts oT $1,070,000.0110 declined ns imwtiiu i r.irnnriM 1, 0 ,1,4 I 11. Item ian Mary M.

Oit'i Sc', mi.lt l-'lorencc .1. Jiakcr Krirnr ti. H-anc Yirg.nia K. Pridily Jr.hn V. McKllroy S.I ll.rn, ihrnneh nev.

slightly lower at 1)1, touching 92 and and demand deposits drop-1 ra" ''ert-r 'Louis M-Kay 10 Kavette lias 50 Union 'i'o Union Storage J. pfd Kireproonng of 45 Lore titar (Jae 2 Union (ras S3 Wesi inshouee Airbrake 12 Pittsburgh i'late lOMfg l.iaht tt Heat 60 Standard sanitary, 10 Tidal DKire Oil icd to a total of rrait Motorsj.i 13 131 13 IS! 13 -ral weeks. The PaelHc coa aemon now stands flrst purchasing wllh 1 21; 43! 14; 33 the north agricultural section second. The or. Kg I Ol'if 86 G4' OG'A' 65 mountain section, which showed a high iiu.

14 I degree of activity sfter the rise in the (it. Xor. Ore.) "6j 26; I price of copper In January, has receded IB? Bn i with the falling price of the metals. The el l.reene .1 .1 mlrtdie agr(eultura) section stands third. 72.

73! 72 i with a stowing down toward th-j end of i June. In the south agricultural section ,11 Hudson Mot. 22 22 82 Is marked drop In purchasing Indus. Alfo.J 4Ma; 46 i 47W 47tir 47. i The east section also shows a considerable closing an eighth under Its toD level for the day.

Studebaker advanced Ie.cbhuip;"J Leech hurg Pittisburgh McKees AlcKec Plttshurgh New Kenstngtoe Konningtoit Pittsburgh Pitishurgli Pittbur)t I'itioburg'i Pitcglni Pitcair( Braddoek Pittshtirjii Pittsburgh Pittnrrh Piitsburgn fractionally and Baldwin Locomotive showed a net gain of more than a wuimun uiiusiiuiiv liciicaie if IU1 critical. Moreover, matters are r.ot Mml The rPSrrve helped by the threatened reerudes- i ln the riil lmnS r-rence of labor Under the these changes are Llovrl GeorBc regime, labor so con- I accompanied by a Use of in stantly defied authority with im- surP'us r. rve, this item stand. purity and became so accustomed to at M- The re''n decrease. 23 i 23 I 'IffYt' 23 Wiirnm Stoltes SsTna Harry II.

McKce Flora tl. Hrjun Wslo 1 U'ngicr. Itut'i F. Ni-inilz ntlrrt' 11'Iao i Stella L.sko Harry Hince Floreni-e U'ilhams Pliain M. Hon e.1 Mary K.

Swcwy 8' 10. Hradstret's says: -yulet lit part aea- am.I in the result deSlfe to v.irh no conditions as tnev llVj ISV4 V4 si 1 Tl being treated as a privileged class, increase 01 iiemi, laspir. op larln. Oil Inter. Inter.

I. M. Mnriae.l I. M. ptA present themselyes at the turn of the vear nversnreud the trade and industrial In own vaults white circulation is 78 78 73 73: 7T4 that naUlvtin's stronger point for the day, in comparison with Friday's last price.

American Can, Corn Products and Dupont were sub. tantially higher at the end of the session. Hun In ess on the local board was rather restricted and price chanc-js proved inconsequental as a rule. Manufacturers Light Heat was popular ln the vicinity of Its former 3 situation during the ueeV Retail trade. 3 5 5 which if dictated solely by the? In- "liBThtly lower.

legitimate line of business. When anyone questions the propriety of thus peddling stocks, the glib salesman Is likely to reply, "Why, so-and-so is doing it. That is how he raised his capital. And is he not all right?" Newspapers in search of worthwhile disclosures, and anxious to render a valuable public service, should turn their star men on to Delaware's black record the hatching ground of more bogus and unscrupulous stock jobbing schemes than all the other states combined. Delaware appears to have no shame whatsoever in sharing money fleeced Koet Niblick 23! 23 23; 23: 54 I'D Lone Blar lias 2 30 I.

one Star (ias 10 Weetinghouse Airbrake ti', 10 H'estlnahouse Kleetric 10 WestiDgnouse Airbrake Ji 7 I'ltUiburgii Brewing pfd 5 10 Arkansas Oas i J. pfd 107 Vk OFFERED. 10 Fayette Has ss 6 Pittsburgh Plate Glass US Pittsburgh Plate Olass 16s Pittsburgh Plate lm Pittsburgh I'late (liana 10 Pittsburgh Rolls. 3 Ohio uel Hunoly sou, 6 Hub 45 Westinghouse 77 5 .1. A I pfd los SO Mfg.

Urht A Heat 51 Fireprooflne i. 25 West Penn Rys. pfd H2U J. L. pfd lo l(.

harlivtivorth fara ORPHANAGE MENACED; COAL COMPANY WARNED. untier the stimulus 01 nuimn ixruaia- tioru has lx-'n fair to ro d. and the ur- ren" oai-e of iiduslrv 1 remarhaUy I active. Isrgely on old order, uhlie traoe in primary lines has been on the ouicl I side, vhough fully fair. lth.

however. mor caution displayed than in any other I line Collection mill drag, hut crop oo-: portunittea apparently indivate a hold. ng o' all the gains made in June and 1 pretonderance of wotiion fuvormg beu-i I Mit.inrn. in ihe Attiller riianitd cruos than Int. Mcael.l 11 12 11 12: 12 lllin.

I mi IU0 jlht k. ni 17; 11 Kelly Tire S3 34 I 33 XW, S3 liean. teaser 33 34 SVt. 4 S3 Key. Tire 4 4j 4 4 terests of the nation as a whole, might easily provoke temporary trouble.

Our ban): Ing half year has beer, less profitable from the standpoint of norma! earning capacity, and It Is probable considerable further allowance will be necessary for bad rind doubtful debts owlntr to the I 13 I IT, 13 15 15; aimed po.senble a ago. Sentiment July 7. Mining operations of the ft. C. Hub Coal Co.

arc menacing the St. Patrick'" Catholic- orphanage and as a result Mayor Durkati today warned the company that the first damage done the build-Ing will cause him to use the police from the public by scoundrels who l.eklgh Val. 57! 53 57 53i 58 us to the future seems in-xeil witn. 11 snv-ihing. a preponderance of opinion among level, coming out unchanged at and closing a fraction above that figure.

Ohio Fuel Supply recovered from a slightly lower start and Tidal Osaare Oil sold oft a quarter. Arkansas Natural Gas was nrm at 5V4, on a turnover of 1,130 shares. Standard Sanitary showed an dvnee of considerbly more than a point. Jones and Luugh- rob the unwary. Lima Laeeo.

61 60 61: 61: Tsd- Forth Lou. assr is imt. IM coming Interim ilivldenr)? doubtless wv inclined to take a less optimistic yiew ut It would Inconvenience decent firms and Institutions, perhaps, but it Unlisted Securities furnished by Moore-. Leonard Lynch I Hid I ASS various matters. would seem as if the time has come 21' 37 i 70 Mai.

H. II. Co, 23: 24 23 21 Marlaad Oil. 37 S3 37 1 38 Mnek Track. i 71 7J 71 73 pnwer law and shut down tho mine.

The coal company answered tht The fomroercial' Bulletin says: "There; Is a letter tore In the wool market, prices have hardened during the ek theiei to forbid any individual, any firm. lin preferred was unchanged, as was Aluminum 7s, 1823 ton 10W Tiro-oat' "I Aluminum is, any institution, any corporation to sell stocks to the public without first 221 22- 22i 2'! 1 has been hardly sufficient uvtuul business! -i1 -1, I dene for thit. but on the other hand they. Miami CPP M. 8.

OH. will be unchanged, but there is some uncertainty to the character of the final dividends six rr.nr.tlis hence. Some anxiety Is felt over the continued weakness Brazilian ex-chanae. which' Is considered to be greatly aggravated by the federal government's coffee" valorization schemes. 1:1 Tti a have not declined turtner.

inuecu. tnei mayor by guaranteeing to use the utmost care in the future operations. St. Patrick's church is also in tho cave zone. obtaining a license to do so, and fur Mldvalr Stesrt 23 23 23! 23, 23 M.

A t. 5 5 I 5 I I Mo. Pactncl II' 11 HV 11: 1 1-74 do pfd 31 81 31 Sll 31 market eppears1 to have itseir and manufacturers hunting for bargains haa found many of bids turned down) The Allied Chem.ra! Dye corporation. 1 th. J.

Tnh. 1 nishing the authorities with sworn statements embodying all the inside facts covering each proposed flotation, Including the rake-off for the Westinghouse Airbrake. Pittsburgh, and Mt. Shasta Gold Mining and Mill-in held its former price of 13 cents, 12,000 shares moving at this quotation. Thirty-one shares of Bank of Pittsburgh, N.

were sold at the former price. Ten shares of Exchange National bank sold at 8S, a half point down. 81 3 8 i of America common stock, have appi-d in; Mother narnsosii ss, 91 ss' t'hl. My-Prducts 1 9J4-2S 102 Chi. Hy-Producta 7s.

..102 1 04 Chi. By-Products 7s. 1930-33 .110.1 104 ltodgo Mfg. 7s. 1942 J100 Duquesne Light 6s.

l'J4S 10:, 103 Klannery Bolt 8s. 19J6 10.H, 105 Kollansbee Bros. 7s. 1941 124 Krick tH. Coke as, 1933-29, Krick H.

5s. 1930-44I 99 la Fry (H. C) Olaas 6s. 1932.... I 9.1 9H tlermain T.

8s, 193! il02 103 Gulf Oil 6s, 1937 1 94 1J Hanna Furnace Its. 19JS 103 Jones It Laughlln 6s. 1939. 99U 99V. McKeesport Tin Plate 6s.

1930! 99 I Pgh. Crucible Hteel 6s, 1934-29 96VI 99U Pgh Crucible Steel 6s. 1 934-45! 94 1 9i P. Westmoreland Coal 6s, I3571 S7 1 49 Union Steel 6a, 1962 103 14 Butter and Cheese BITTER AND CHKFISR. I Prints I'HKKSK.

JU 61 44c Wise. 4.1ffVl-, promoters. A sum equal to more than half the 324 1 671 66 Chancellor Wolcott of Delaware to have a7V, OIY o. diatribution of 1110 a share on the! Vat. Kuamrl Nevada Cop.

11 II! 11 'I. 11 preferred stock held uj pending tho out come 01 a neanng now unuer wsj. total amount of money received by America's farmers for our entire BIG SUM IN COUNTY MOTHER'S AID FUND I Pa irthto. .41 ti 42c Swiss 5-lb br. 38i L'tc 1 CHKKSK.

Ijonghorn New York old full Limtiurgcr cream Do S-lb 31c' PERSONAL REGISTRATION Pittsburgh Sales wheat crop is filched from the public every year by swindling promoters. V. V. 4. 31' 31 SI 32 Y.

Central! 97: 98! 97' 98 97 10 II! 10 11 10 S9r. 60! 67! 66! 67 66 Sor. Went I04 1 104 104 1 Imp. Swiss. SECURITIES RALLY IN SHORT SESSION 11,.

bl.l.ft 3e brokers and stock salesmen. Resort to the most drastio measures to 10:00 to 10:30. 1923 ECUS. Selected receipts. 2c I niieu oiaies Liasa OS, 'J3i i 2.0AMt Shasta .13 10 61 it Salt Crk.

75 10 61 Welrton Steel 6s. 1939 ll60V4 JlOl OvMM Bottle! 4J 42Vi! W. Westinghouse Machine Ss. 1940 1021 103 1 Monon. West Penji 6s, 193.

.1 93 9414 Paciflc Oil S3 33 32 32 33 cheek this evil is justified. Is this bearish? The cost of living 10:30 to 11:00. DIED. OB; SO I 0B4 Wl 1 54i 3.V 64! 53; 54 43 43! 43 43 Pan Am. Pet.

do II I P. ft- H- I In New Yrrk state is less than 180 In accordance with the provisions of the "Personal ItegiHtration Act" notice is hereby given by the Board of Kegistration Commissioners the City of Pittsburgh that examination of applicants for -they appointment to the position of reg-' istrar. provided for in said act, will'--begin 11th. in the office the Board, Koom 111, Court House, ---Applicants will be heard each day betcen the hours of 11 A. M.

and ,1, 15 Airbrk 77 IQQArk 6Vs 10 Tidal s. 10 Ex. Natl. 88 ,60 T. A Bl 60 II 61 10 61 10 Sup.

Or) Railroad Earnings Prre 42i 42! 42! 42! 42 1 By Cnlted Press. New York, July 7. Today's session of the stock market saw the first decent rally the market had enjoyed for many weeks and the shorts now realize that they overstepped the The New York. Chicago. St.

t.oi.l. r.tt. p. v. 44 I 44 43 43 43 11:00 to 11:30.

Additional Death 'Notice on Paae 10. IIEKMAX At Mercy hospital, on rfav. Julv 6. at p. Kdith Kdlls.

wife of Philip Berr.ian. aged years, runeral Sunday, July 8, st 2 p. from her late residence. 110ft Do Victor pi. Please omit doners.

I'riends of the familv are respectfnllv Invited to attend Toledo 10 I and New York papers way system, tho consolldstlon of flye roads I tii! 8UI 1 3U making up the new Nickel Plate, in theiP'n 3 3'' 1 4i first live months of the nrr.nl I. f.mm I S7Vi! S6i .13 a .13 4.000 Mt Shasta 6 600 Ark Gas .13 1.000 Mt Shaata 60 Ark 1 000 Ml Shasta noes Special to TIIK PKKSS. DuBols. July With the appropriation of from county funds, which has been made by the Clearfield county commissioners to attain a similar amount from the state, a total of is provided for the Mother's Assistance Fund In this county for The mother's pension board of the county has' been reorganized to administer the fund, as follows: Mrs. S.

W. McClaren. Osceola Mills, president; Mrs. A. E.

Mrs. L. C. N'orrls. Clearfield; Mrs.

.1. Patchln, of Burnside; Miss Klhel Minds of Ramey; and Mrs. J. 12. Mer-ris and Mrs.

D. R. Hihner of DuBois, vice presidents; and Mrs. Ruth Ettla of Clearfield, secretary. I o'clock I'.

M. and at P. M. available for dividends of 13,869.000 ntease conv 1 clock I ne warus win pe. rOLTZ On Saturdav.

7. 1923. st I called in the following order: 1 1 :10 a. Victor aged 78 vears. he.

July Uth- I'irst lo IrdS, 11:30 to 12:00. 31 Bk Pgh. .132 600 Mt Shasta 2 000 Mt Shasta .13 Mt Shasta 1.000 Mt Shasta .13 300 Ark 10W Airbrk 77 200 Ark 10.1-L pfd. 250 Hup. DM I.

(1H .13 13 30i, Phillip Pete; 20! 27! 27' 2 Phil, I 42; 4 42! 42: 43 Were Arrrw 7 7 Pbg. BMfc! 6i P. 54 64 54 54 Pure I 101 10 19 1 Pullman 1115 ,114114115 lnve.1 huFhand of ItHrrars Schre ner i-'oitz. inclusive. V.4 more tnan enougn to psy a 6 per cent dividend on the 460.484,000 stock outstanding.

Earnings for the Ave months were st the annual rate of appronmately $9 which, after a deduction of f. "05.200, the 6 per cent dividend ond the 138.430,000 preferred stock tu he issued would he eaual to approximately 4 share on the $32,064,000 common atock to Chicago Grain Market market in many issues, prices of some having invited important buying. Short stop orders were met and there was not a lot of stock to satisfy the bears. Those who sold Canadian Paciflc short assuming that the increased Bank of England rate was bearish and that this was the best sale, regretted their action, for selling at 147U, on comparatively little buying, the Block was up 5 from Frlday'e low. Buying broadened out as the session drew to a close and tho market became more active.

Advances ranged from 1 to 3 points in some of Punla Smcarf 52! 62; 52 52! 51 Ray (on. 10 10! "H4I 10! 10 HradinR 71 71 71! 711 71 Keplogle ail. Witf 15 15 Reported by A. E. Masten A Co.

Ixiw. Close. Hign. Open. Wheat- July Llth Tcnth to Eighteenth, XX'ards.

inclusive. July tilth Nineteenth to TwncV, eighth Wiirils. inclusive. Julv 1 1th AH applicants not exam- ined on the day designated ill be heard nr this dale between the" hours of 11 A. jr.

and o'clock snd and 1) o'clock P. M. i J. Scott Chairman; "avul 1.. Lawrence, Secretarv'' James P.

Kirk. James V. (Jreene, Board of Registration Comniltisinrt-ers for the City of Pittsburgh. Pa. July September December Ilepoblle Stl.l 43! 44! 44 43 Corn July per cent above the ore-war level, whereas the weekly earnings of factory workers in the state are fully III) per cent above the pre-war level.

It Is refreshing, by way of a change, to receive tidings from agricultural territory that are not wholly doleful. Unquestionably, the" weakest phase of our economlo position today Is the unduly low prices ruling for most of our agricultural products. Kven those of us who live in cities reeogniie this, although we cannot suggest any panacea or become enthusiastic over any of the artificial short -ruts suggested almost daily to alter the unfortunate facts, the only one that strikes us as feasible being ths prosaic one of extending co-: operative marketing. From a responsible, well-posted reader in Mln nesota came a letter yesterday, part of which reads: The unfortunate thing from a po-'litleal standpoint Is the fact that 'feelings of enmity have developed between the business men and the 'farmers, instead of an intelligent un. derstandlng on both sides of the fundamental conditions which affect 'the prosperity of each.

In this respect they are both very much to i blame. The business man Is inclined 1 to regard the average farmer as a 'wild-eyed radical who is Incapable of H'3 12 SO 75H as '4 34 36 104 103V lU(S4s 80S, 75 (3 3S 37 104 103 1065, 0 74 75 t3, 40 35 '4 37V 103 103U 10Vt 10 74 63 38 36 37 do pfd I 88 I 88 I 88 88 lUek laiand-! 24 21; 24 I 24! tt do Pfd. 89 70 69! 70 8 do 1 pfd. 79j 79! 791 7 September December inRuea. 1 no run year dividend of 6 per cent on tho common requires $1 813 -840.

The net Income for five months after taxes and charges, was more than sufficient to care for the full year's preferred dividends twice oyer, and even if only for current rat of earnings Is maintained tor the remainder of the vear the net for the year will he more than five times the preferred dividend requirements. Pittsburgh Live Stock Hrinkman. Wood 4V Beck i -toe), commission brokers. Union stork yards Wrr Island receipts anl estimated ouo tallon as follows: CattleSupply light; market steady. Good to choloe, 1(0 50 to til: good, i .100 to 1.400 Ihe $9 50 to 110 16: mediun 1 200 to 1.800 18.10 to I9.35: tldv.

1 O50 to 1.1.-.0 19.40 to $10 76; fair. 900 to Oats Joly September December Ktincral from hia lute rf-sidence. Iti9 North ac Lmfworih. Tu8tlav, Julv Hi. at a.

in, Ifeqiliem high mass at Sacred Heart church. Bmsworth. at u. m. Friends of the family are respectfully invited tn attend.

MKTWiKK (n Saturday morning, July 7 nt ft a. Annie Elizabeth Mct. ger beloved daughter of John and Annie Metzger. Kuneral from the familv residence. 11 Hagy liastend.

of time later Bcllevernon (ra. papers please copy SHKPLAK On Krtdav. July 6. at 8 "0 p. Mrs, Annie Sheplnr.

in her 71st year, widow of P. L. Shepiar. an I mother of t'harles. Oliver itnd Sheplar.

t'uneral services on Monday, Julv at 11 P- m. at her late residence. 54. i Marie A alnn. Pa.

Friends of family are respectfuUv Invited lo attend. TOOMKY Friday. July ii. at 10 In P. Patrick A.

Toomey. eldest son of the late Stephen and Juila Tourney in.n IHihertv). He is survived liv sisters. Mrs. Marv J.

of licllevue and' Mrs Margaret O'liunmll of three brothers. Stephen Tncmcy nf erora James l'. Toomcv of Aspin-wall "rid 1'Tuncis X. Toomey of Upland. Col- Funeial from ihe residence of his brother.

James C. :5 Third st AspinwHll. on Mond.iv July 9 st a Keauiem masj at St. church. Aspinwall.

ill dijo n. in. Krierds of 'he family are respectfully invited to attend. fChlcaao (I'l and Xotingstown 10.) pane rs plea'-e cnpv.1 Royal Pateh 44! 5. 44 45! 44 Hears Bbrk.

Tl 72 711 72 71 the active Issues. Baltimore Foreign Exchange New York. July 7 The foreign CLEARFIELD GIRL WINS S. OF V. ESSAY CONTEST.

Clearfield, July 7. Miss Margaret GilHland, daughter of Mr. and Mrs. F. S.

Gilliland of this town, has been notified by Secretary J. c. Mc-N'irr of the Sons of Veterans special committee conducting its annual essay contest, that she has been awarded the medal for submltingthe best essay. The essays were written upon "The Life of Lincoln," and were submitted by thousands from every state in the Union. Ohio, which had been purchased by some leading houses on the break, sold at MW2 and Allied Chemical, selling at 077i, up 1 from the close, did not reflect any worry about the outcome of the Steel Tube litigation on the part of the former Sinclair Oil 23 Ml fct Skelly OU 17! "HI St.

Paul 19 I 19 I 19 I 19 18 do pfd I 31; 1 31 So. 88 86 8 SrT So. Rwy I 33 33 33 33 83 do pfd I 4 651 64 65 84 Std. OH. N.

J.I 32 33 32 331 32 Sid. Oil, Cal. I 51 I 611 61 I 51 50 Stew-War. 78 7 78 78 78 1. 000 7.26 to $8.50: common, 700 to 900 $5.50 to $6 50; common to tood fat bulls, $3 tr J6.60; common to good fat.

cows, $2 to $: heifers. 10 $9 f.esh rows and springers, $10 to $90 Hogs Supply, 13 double deck; market higher. Pnmo heavy, $8 30 to $8.30: heavy mixed, $8 40 to $8.60: medium and rhanire msrket opened Irregular. Sterling demand 4.661. cables.

4 ud francs demand. cables. off lire demand. .0432. cables.

off .0001. a new 1923 low. marks. 210.630. off 15410.

a new low recoru. Clearing House TranwicttotiB paw-fitf tlirouph the Pttts- Special Notic io icixpayers Oflicc 09 Treasurer of Allegheny Connty Pittsburgh. May 1. 1911 In pnrsiiance of the 21st section of tn "Act relating to Allegheny approved the 1st day of May, 18(11, and of the amendment to said section, ap. proved the MOth day of March.

A. ISfirt, I do hereby give notice that the duplicate for tho several wards of the Jvavy yoraers, lo ilgni york- ors, $8 to $8 60: p4KS. $7.50 to routha. $5 to stajrs. $3 to $3 50.

Summary of the Week Following is a summary of the week on burtrh clearing houe make the following comparisons; Hheep and lambs Receipts. 2 double Cj. nun ten. rjtiii ni-o. 7 1 26.711.

397. 26 1 0.4IH. 644.5' tne fmenurmi mwn c-, decks; market rune, active and steady on sheep; slow and weak on lamb. Prime wethers. $5 to 100 IT SO to $8: good rrlneri, 85 to $0 $6 60 tn fair mixed.

75 tn 80 $5.50 to $5 75: cullj 1 Hitch, I Low I Lwl.lCh'ge. si sir 1 Tg-Sk Week ago 2S.4..s.ll,i.: 11.602,601.37 To'als for the week 15 oays): r.0.88S,632.6r ,57.851. 409. 24 Totals for preceding week (4 days) Wanted-A Business Man 0 cities or Pittsburgh, McKeesport 1 4 113 A Prod. 51 A MT SO 78 I 78 7305 Ark i 0 .11 A.I u- u- 1 HO1 140 of this sturdy, youthful nation.

A woman, she taught her and commons, $1 to cnnice lamas, $11 to $13: culls to good lambs. $5 to $9. Calves Keceipta light; market steady. Choice ctlves, $13 to $14; heavy and thin, to $10. Summary of the Day Tha following Is a summary of the day's prices en the Pittsburgh Stock Exchange: 84 14 sons that the possession of wealth I Strmb.

Car. 021 64 6t 64 62 Stndrbakrr ..1102 I031116.1 102 Tenn. 8 8 81 Texas Co. 42 42 42 42 Timkin R. B.

36 S6 3 36 Tob. 49 49 49 49 49 Trans. 5 ft 51 5 8 l'. II. Stow! 73 I 73 73 I 73 72 tn.

Paclp 130'12 I. S. Hub. 411 42 I 41 42 I t. S.

Stl 91! 93 I 91 91 91 do pfd Il 118 U8 JUS 118 United Fruit lfi3 165 I65 164 Itah Cop. ..5758 57! 58 17 tan. Steel 29 1 28! 29 29 West. ICIer. 64 544 54 West.

Md. 10 I 10 I 10 I 10 I Wilson Co. 211 21j 21! 21 Wljy-Ovlnd 6 6 61 6 5 W. A 1.. K.

7 I 7 I 7 I 7 I 6 Trust. I ttiti III Nat Bk! Klreprfg 4,1 30 I'Mropf pfiH 14 170 pf 107 1114 I. (las. I 30 31 A H' 52 3400 Mt Bbast. .13 1 Ktiel Oj 1 3 I 4.,0 t) Kuel 8 I 81 Okla (ias.l ll 4T, Hrw pfdl 4 Phgh C011I! 61) I 8 I 14 vAr 13 4- SO'i! 1S14J (10 614 7075, 61 .13 13 31)44 1" 0 Plow I I High did not excuse them from, first, studying hard, and then working hard.

She also inculcated in them the vlrtuo of generosity, charity, philanthropy, and set them a practical example by devoting much of her own time and a great deal of her own money to Iaiat I Sale T-hnga 6 I "0 .132 I 0 V4 107V4 0 7 'A 6V, 133 88 107 61 7W I- II u.l 1 ft I iiu vinii iuu uuruuns anil townships, will be open, and I will be prepared to receive the County, Personal Property. Poor. Road and Bond Interest taxes for the year lia.i May 1st: said taxes can be pa'd during ibe months of May, June and July at 5 discount, during August at face a 10 penalty being added after September 1st. Statements will be furnished promptly upon written request for tame, givlnic location by wards In the cities of Pittsburgh. McKeesport, Duquesne and Clairton.

and by boroughs and townships outside tof thUse of the mail Is sdvlsed for re- oustlonlng statements and making payment of taxes. Kemlttanca can bt made by check, post office money 1 order or bank draft (payable job O. ARMSTRONG, County Treas-urerl. and nrcompanled by an ad. dressed stamped envelope for return of recelnted hill.

JOS. G. ARMSTRONG, Canntr Tren.arw I 168 We want a substantial business man ol proven merchandising ability and with resources of from $20,000 to $50,000 to take over an established business In Pittsburgh of the world's largest manulacturer of a product having a practically unlimited output. To the business man who can produce satisfactory references, and the above qualifications, we offer an unusual earning opportunity ln distributing our product, which has enjoyed a steady healthy growth, during the past 9 years and stands high In opinion and preference of Pittsburgh's leading business a a- 70 UlaMHl TBS i.l) Salt Ck-. 180 Std Saol.l 751, 168 75 8 74 132 8 07 61 .13 3o 761, 8 77 30 0 lvt 1 0 0 0 0 1 8 .131 30V, 761 8 77 worthy purposes, wmi me result tnat 12000 Mt nhsat.

the Mccormick family has always atan Han! been strongly identilied with noble ij Tia. oss. 'obtaining an intelligent viewpoint of 'the economic fundamentals of exist-I ing situations. The farmer, on ths other hand, is inclined to regard the 1 average business man as a profiteer and an arch plotter against his eco-'romic prosperity. One of the crying needs of the situation is a better Interpretation of the problems of each to the other.

am glad to be able to advise you 'that the crop situation at the present 'moment Is on the whole quite favor, i able. The price situation is a prob-'lcm for the future, with a nioro favor-'nble outlook In some lines than it has been in the past. The tax and labor situations have affected tho cost of production and are not yet satisfactory, but they are Improving." It is some consolation though not muchto reflect that nothing lasts long. The serious troubles that af-llict many farmers will, like all troubles, pass. How yonng a country we are Is brought home to us afresh by the death of the widow of" the man who Invented the first reaping machine.

Mrs. Cyrus H. MeCormlok, who reached 88, was a noble specimen of the type of women who played an ln-fnnltcly valuable Prt In tU creation 76V, 8 77 KM 551 11 I 4ia 77 iSu Jnsl 1:1.1 Tidal Ok. I 203 SOU IT (Has 50 1.020 Alrbrak Ii Klcc.l TT7T vA 41 74 1 6J'tl 631 White Motor.l 461 46 461 4- 46 Wortk lump! 23! 51 SS 23! White I 11 11 11 I i.lHKHTVUO I)S. causes.

Cyrus H. MeCormlck, followed In his father's footsteps, by becoming I Y. Cotton Market machinery industry. It BONDS. lOpen Hith lose 00OC 5si 9 8 98 1 1.000 I llw 6s 65 6j 6.) I 4 000 ll il 0Vil 801 801 Liberty 1st 4l 98.I0 98.I0 98.I0 08.10 Liberty 2d 9H.0R 98.03 98.10 houses.

Those possessing ine requirements 3d 98.17! 8.20j 96.17 98.20 Liberty 4th 4s! 9H.I0 08.IX 8.10 98.11 tNew low record. New York. July 7. The cotton market opened heavy todav. Prices declined from 10 to 25 points with t) largest losses regisiered In the new rrou months, due to favorable weather reports.

Cotton opening prices: July, 26 66: August 26 76: October. S3 80; December, 23 21 Januarv. 22 66; March 23. 85 and 93. News of the Dividends The AflJona Commsrelal Mining Co.

hsa declared -a dividend of 60 cents, nay Trens. 4V, I 993 99.21 09.J.J above can arrange a personal Interview with our factory representative, Mr. C. L. Davis, bv phone or letter.

HUand 4710, 5560 Center was Wno waa tcimru uy j. r. Morgan and Co. to head the groat In-tnrnational Harvsatsr- consolidation. His sons, In turn, early applied themselves diligently to mastering the business, and one of them is now, sfter having gone through the overall end intermediate stages, the principal vice president of the huge enterprise.

(Copyright, 132, bj a C. Forbes.) Hitrhards Go. A'-e V.r 5'ark Chietrrt Bonrif nf Trarfs Inion Arcads Pittsburgh, Pi' More people suffer broken legs and Saturday, July 7, or Monday, July 9. D. of V.

Meeting. Mary 13. Huinbei tent. Mi, 14, Daughters of Veterans, meets ftt I f. today in Memorial hall.

arms than any other Injury each year a hie July 81 to record of July Tail ta country, the ftrat dirldrnd ftlace July. 1111. to cvu.