Evening Star Newspaper, July 15, 1930, Page 15

B PRICES EASE TERHEH HARKS Close Slightly Reactionary “in Mine, Oil and Indus- trial Issues. Bg JOHN A. CRONE. @pecial Dispateh to The Star. NEW YORK, July 15 ,on the present movement. Electric Bond & Share and American Buperpower came down slightly from their highs at the close. Cities Service held near its best level, but other oils #ofténéd a bri. Transamerica, Marine Midland and Goldman Sachs were fairly firm in the trust group, as unmed Founders eased. The lower trend in the last Guarter of an hour was also reflected_in the mine group and in industrials and nat- Unfilled orders and June sales lifted Dettoit Aircraft. West- ern Air Express rose more than a point. American Cyanamid B, for months ural gas shares. the leader of industrial shares, played some of its former activity today, s traders talked of further expansion and an improvement in earnings. Great Atlantic & Pacific Tea made further Tesponse to its record June sales. A bear trap, sprung on the shorts in Driver-Harris, caused the stock to leap 121 points. This company is the larg- est maker of resistance wire and is a Only re- cently it obtained the exclusive rights to make P. M. G. metal, a cqmpound used as a substitute tin and lead hard- Within ,¢wo sessions Driver-Harris has gained more than 20 points after sinking at leader m the alloy field. ener in the making of bronze. «one time nearly 68 points, The motors, taken as & group, ex- blud strength. Cord Manufacturing, it Motors, Ford Motors of Canada A, and at times Ford Motor Limited, mon of the active issues, moved up- Col\lmbl.l Pictures was up 2 points in the amusement list and Loew's warrants ,¥ose a shade. (Copyright, 1930.) BONDS ON THE CURB lesin DOMESTIC 5- Ats8a08ie 2 85 G '85 103 Bost & Me d 03 '55 9% 3§ Calltornia Plck 3. 3Can REE :5 m' 55 18 Gatern e B '98 wi 10115 13 Cent 8t Elec S5 84 19% t Stat 5 u canz Si'bal $as 158 80w cod 55 2027 82 1] Ghlias 3 g 4 Citles' Service 55 00%2 10 1 gities Service 85 ‘6. nu 23 t Serv Gas 8ias 188 S a2 42 RESyeeoa5000 o oty o) = 38 4 7 Nor Sta Pow 6128 ’33 10: 6 Nor Tex Ut 7s '35 ww 1127 14 Northw Power 65 ' ‘ 2 P c & g 1017 101% 57’. av 0% 80% xn! 67 (CPA)- ‘Prices eased somewhat near the close of today’s curb market session, which most of the time was active and higher. Before the fractional recession at the i elose many new highs were registered 39..... 10264 102% 10254 2 100% 100% 100% I i 90 8 Ui Lt & Ry ssDA '52 luo‘. 1000 10046 4} Union Gas 55 W Nt G 1 Buver b 5 12 Van Bweringen 5 P b ash W & Pow 55 3 Webnier Mh s 39 o1 3 Wes Penn 5s 2030 wi. 90 12 West ‘Tex DU 85 A '75. 02 1 Westvac Chl 5%s '37. 103 FOREIGN BONDS. 2 Berlin Cy E 65 55 wi 86 21 Brisbane_City 50 4 19018 '60 m!. mzfi. m#: O te ~97%n 87 81 35 zs 100% 100% 1008 6 973, ynl 3l 8 & 72 3 g1 o Chile 78 ‘ ‘!l Chl;; s 61 . ‘;llhm e t L ad ehid 52 71 8% NEW‘XORK CURB MARKET Dividend Rate, uuo.on-.lln. l-flv Close, 5% Aero Supply (B). 8% Alr Investors v.t.c.. 80 Am Capital pt (3) 36% Am Cit P&L(A)(a! 12% Am C P&L(B)(10%) 21% Am Com I’(A) b10%. 17% Am Cynam B (1. «).v 12% Am Equities. . 38% Am For Pwr(War). 104 Am Gas & Eleo (81). 104 Am Gas&Elec pf( 60% Am Hard Rubber(8). 7% Am Invest, Ing (B). 2% Am Invest (War).... 52 Am Lt & Trac (23%).. 28% Am Lt&Tracpt (1%) 1% Am Maricabo....... 7% Am Natural Gas. . 3 Am Pneumatic Svo., 81 .Am Potash & Chem, 20% Am Superpwr (1) 94% Am Sperpwr 1st 87% Am Superpwr pf (6). 118 111% Am Tob B riew (D4) 20 16 Am Transfor (1.40). 16% 7% Am U&Gen B vto 409 T% 1% Am Yvette (n) wl... 2 17 Amrad Corporati 154 Anglo Chil Nitra: 8% Appalachian Gas. Arkansas Nat Gas, Ark Nat Gas (A).... Arfg N G cu pE(600) am 13 Art Metal Wks (3).q4 5% Asso Elec Ind (30¢). 3614 AssoGas&Klec.... 30% Asso G&E (A) 12.40. 97 Asso Gas&El ctfs(8) 54 Asso G&E (A) dbrts 2% Asso Rayon. ] 38% Asso Rayon pf (6) 3 Auto Music A(11.05) 915 Auto Vot Ma cv pf pt 249- Aviation Corp of Am ' Bahia Corp. B Diue Ridge Cp (40e). $3% Blue Ridge cv pf(ad) Bohack (HC) 2%... 85% Brazil Tract & Lt 33, 2%a Bridgept Mach (26e). 5% Buckeyo PL (4).een 2 Burco, Inc (War) cees 8% Butler Bros (300)..a 2% Cable Rad1o T v.te..n 5 Cable&Wire (B) rots 814 Canada Marcont...., 3% Cent Atlantic Sta 28 CentPS (A) (allb) 19 Cent States Elec 3400 4% Centrifug Fipa(eve). 17% Chem Nat A.uo v 184% 1404 Chesbrough Mfg(15) 114 106% Childs Co pt (7). 88 Cities Srve pt (6). 43% City Sav B, Ltd(2.79) 50t Clev El Iilum (1.60). Clev Tractor (1.60). ., % Colombia Syndicats 8% Colon Oil. 8% Col Ol & G 24 Columbia Piec (31 33t Colum Plo v.t.c. $1% 3% Com’wlith & Sou war. 11% Coiam Wat Serv b6 % % Comstock Tunnel. 15 Consol Afrcraft. %-Consol Auto Merch. . 1% Consol Au Mer cu pf. 3% Consol Copper. 13 Cons Dairy Prod (2) . 90% Con Gas, Balto(3.60), 21% Con Gas Utll A 2.20.., T% Con Gas UtiLB v.tc., 2 Consol Instrument, 10 Consol Laundri 9% Crown Cork IntlA(1) 34 Cuneo Press (2%)... 1% Curtiss Wright war. % Cusi Mex Mining. .o 2% Dayton Alr & Eng... 82 Deere & Co (11.20) 21% De Forest Radjo. 4% Detroit Alrcraft. 9% Doehler Die Casting. 12% Douglas Alr (76¢)... 71 Dow Chemical (2). 31 Dresser(SR) A(33%)s 81% Dresser (SR) B (2). 41 Driver Harris(new). 8% Duquesne Gas Cp w.i 2% Durant Motors. 1 Durham Hoslery (B). 5% Duval Tex Sul Wl.o 25% Eastn G&F Asso, 18% Eastn Sta Pwr B(1). 88% East Util Assn (2) 7% Eastn Util Inv (A) 13 Educational Pic pf. , 2 9% Eisler Eelectric(1%) 924 El Bond&Sha cu pt(§ 117% 70% El Bond & Sh (bS). . 109% 108% &1 B:;."& Sh vt (6). 16% EI A Q). 19 slon Pwr Asso (1). 28% Elen Pwr & L op war 15% Eleo Shareheldg(1) 82 El Sharehold pf (6) 1% Evans Wallow Lead. 2 Fabrics Fininshing.. 3 Fairchild Aviation. % First Natl Copper. 13% Fokker Aircraft, 28 Ford Mot, Can A 1% 6% Ford Mot,France 28c. 10% Ford Mor.Ltd. 37 6. 2% Fox Theater Cl (A). 2% General Baking. 27 Gen Baking pf (3 10% Gen B. Ltd rcts(500; 27% Gen Fi'proof (12%) . 75 Glen Alden Coal 9 Globs Underwrit 2% Golden Center. 18 Goldman Sach T 1% Gold Seal Elec new. . % Goth Knitback Mach 180 GrA&PTn-v fl).. 29 Graymur Corp.. 1% % Grifith (D W) (A)ss 14 10% Groc Stores Prod vie 166% 117% Gulf Ol of Pa(1%4).. 16 8% Hall Lamp (1%)) & Humble Ofl (2)..... 85% Hydro Elec Seo (2).. 8% Hygrade Food Prod. 18% Imp O1l Can, n(50e). 31% Indian PL 0 (12%) .0 26% Ind Terr Illu Of) (B) 17 Ind #1n ctf8(b10% )« 15% Insurance Sec(1.40). s¢ Intercontinent Pet n. 175% Intl Petroleum (1)., 2% Intercont Pwr war 10 Intl Safety Raz B 40% Intl Superpwr(31) 84% Int Utilities A (3%). €% Internatl Utll (B)... 7 Intl Utll war (new).. 7% Interstate Equities.. 37 Interst Eqcv pf(3).. 8% Irving Air Chute war 8% [talian Superpwr A.. 4% Itallan Super war... 22 Johnson Motor. COMMODITY PRICES CONTINUE TO DEC for the week ended July 12. Seven groups declined and vanced slightly. declined and 11 adva declines occurred in cotton, dlk other than fats, fertilizer hides, rubber, wheat, stock. Slight advances occurred ver. 476 quotations, the index stood for week ended July 12; 86.8 for July 5; and 87.1 for June 28, + 208 107 24 Citles Service(330c) 250 27 llv Received by Private Wire Direct to The Star Office 35% Lackawanna Sec(4). 7 13% Lefcourt Real(11.85) 1% Leonard O 17% Lily Tulip 18% Lion O1l Refin (2). T 24 108% 107% 231% 230% 38 38 4% 30% 37% 16% 4% 30% hh 38 Long Island Lt (55¢) 60 Mangel Strs p£(63).125s 18% Mfg Finance V.t.c.... 68s 29% Marine Mid (1.20)... 50 1 Mavis Bottiing. . 48 Mayflower Asso (32). 10% Memphis Nat Gas. .. 40 ' Mercantile Stors (5). 1% Mesabi Iron. ....... 8% Met & Min. Inc(1.20) 25% Mid Wst Udllbli . 27 Minn No Power (40c) 15 MoKanPL (b10%). 6 1 MissKPLv.te.. 110 102 Moh Hud P 2d pf(7). 508 16 8% Monroe Chem(1%) 12% 6% Natl Amer Co. 21% 8% Natl Aviation 4 Natl Baking Co. 33% Natl Bond & S (260). 12 Natl Fam Strs(1.60). Natl Pwr&Lt pt (6). 1508 4 Natl Pub Sv A(1.60). 10 2 Natl Screen Sve(2).. 2 314 Nat Sh Trm SecA $50 Natl Sugar, NJ (2).. Natl Union Radio. ... 4 Nelson (Herman)(2) Newberry (JJ) (1.10) NewEng T & T (8)..1508 Newmont Min ($4).. & New Quincy M (10e). 11 N Y Rio&Bu Alres... 1 N Y Transitn(11.70). 2 NY Telpf (8%).... 258 Niag H Pwrn (40c). 95 Niag Hud Pwr.A war 15 Niag Shars Md(40c). 10 Niles-Bem-P (2% 2 Nipissing (30c). . 3 Noranda Mines (2 15 No Am Aviat A war.. 22 No Am Lt&Pr(bS%). Noth Euro Ofl Corp., 3 Nor&Sou Am Corp A. 2 Nor Sta Pwr A(8). Nor Sta Pwr pf (7). .100! ©Ohlo B Tell cu pf (7), ao. " B S ee e BBt NNhg” 9 ml aGwe 1504 106% 114% 964 % % 62% €84 82% 843 29 35t 10% Outbd Mot(A)(1.80). 11% 37% Outboard Motor (B). 5% 26% Pac G&EI 1st pf 1%. 107 107 237 Pac Pub Sve (1.30).. 27% 214 1214 Pac Western Oil. ... rted 1 Pandem Oil. a5y 1% Pantepec Oil. o 57 « 4 Param't Cab(b8%).. 15 %% 10% Pennroad Corp (20¢) 17 Penn Mex Fuel (2).. 721 Pa Water&Pwr(3).. 45% Peoples L&P. A a2.40 2% Petrol Corp war, 131 Philippe(L) B t1. 4 Ple Bak of Am A (2). 4 Pilot Radio Tube(A) Pitney B P.n (20¢).. Plymouth Ol (2) Premier Gold (24c). . Prince & White (50¢) Prudential Invest. .. Pub Utll Hold w w. . Puget Sd P&L pf (§) 90s Pure Ol pf (6). 10: Radio Products 1 Rallroad Sh Cp(25 Rainbow Lu Prod A. 15 Rainbow Lu Prod B.. 48 Relter-Foster......o 11 % Rellable Strs(b5%). 1 24% 26% . 6% 6% 4% 4n 28 22% 1 148% 148% 148% 3 3"- e OV I S 1S 008 1 10 G et 10 e 1 O8 o2 p 94 7% [ - e R'kland Lt & P (!'Dc). Rossta Intl Corp. Rubberoid Co (4) St Arthony Gold. St Regls Paper (1). Salt Creek Prod (2) Saxet Co. . 7 Schulte Un 6c-31 St.. Schutter J Candy(A) 4 Seaboard Util (50¢) . Secur Corp Gen(40¢) : Seg Lock & H (50¢) .. Selected Industries.. Sentry Safety Cont.. Shattuck Den Min... 4 Shenandoah Corp. . .. Shenan Corp pf (a3). Slica Gel Ctfs. Smith (A 0) (2). South Penn ouum) ~ 91 e HOARMNRNRRN0 Ao - MO T A LR 758 ' Stana OIL, Ind (23%). Stand Ofl. K'Y (11.80) Stand OilL, Neb.(1334) * Stand Ol One (3343 2008 Stand Pwr & Lt (2). Stand Pwr&Lt B (2). 24 1 Stand Pub Serv (A).. 484 Starrett Corp. 21% Stein Cosmetics. 9% 2 Strauss Roth. g .48 Stromberg-Carl(1%) Sunray Ol (40¢). ... Swift Internatl(2%) 4 Tampa Electrio (32) Technicolor. Ine. Thatcher See Cor: Tobacco Pr Export Todd Shipyard (4).. Toledo Ed cu pf (7). Transamer ($1.60).. 4 Tran Con Afr Tran. . Trans Lux DL P S, Tri Utllities($1.20) Tubsize Chatel (B).. Tung Sol Lamp (1).. i Twin States Nat Gas Union Tobacco. .. 3% 81% 6 uuu. 105 104% 23% 24% 23% % 4% i o .,,_N..».?». u...a....m. Utd Founders(b2.35) United Gas Co (new) United Gas pf (7)... Utd Lt & Pwr A(1).. Unit Lt&Pwr(B) (1) 4 Utd Lt & Pwr pf(6). U S Dairy (A) (5) i US Elec Pwr ww. U S Elec Pwr (war) U S Foll (B) (1) U S Gypsum (1.60) . U S&Intl Sec 1st (5 U S Lines pf (1) % US & Overseas war. U S Radiator (2).... Unit Verde Ext (2).. United Zinc & Smelt. 4 Unity Gold..... 2% P R o0s 210 213 207 33 33 83 i %% 4 110w 104 100 7 126% 126% 123 10 9y 5% 10% T6% 5% 2 6% 30 1% 814 46% 1814 68 58l 21% 13% P LTS [ [PPSR - 1YY 2% ay 3 * cash of st 4 Utlity &Ind..... e « Utll &Ind pf (13%4), Otility Pwr&Lt(a1). Utility Bquiti, Vacuum Oil (4) Van Camp Packin, Venezuela Petrolm. Vick Financtal Corp. Walgreen Co..... Westn Alr Exp(600). Westn Mass Co (2)., Zonite Products (1)., RIGHTS. Expire, InsCoof NA. Oct 1 A 3% 8% 3 Mo Kan Pipe....June 26 W% % vidend rates in dollavs based on mg quarterly or semi- “—4’ &u Sha. tPartly extra. HPayable In stotk, d Bagris fnstock. s Pasable in d Payable in preferred st net higher, while new crop positions. A decline of six-tenths of 1 per cent 1s shown by the wholesalé price index of the National Pertilizer Association one Of the 476 lum:, 05 inced. e larger prices of butter, eggs, oranges and sil- Based on 1926-1928 as 100 and on COTTON HAS RALLY ON TRADE PURCHASES | * By the Associated Press. NEW YORK, July 15.—A lower open- ing in response to relatively easy Liver- pool cables and reports of more favor- showed net advances of about 15 to 18 Points, with the new October selling a LINE il FOREIGN EXCHANGES, (Quotations turnished by W. B. Hibbg & Co.) Ne '&lfil.l:(:;'tflh})&lunl checks foods material | able weather in the Sou jowed | B feeds and lve r R today by rallies in cotton on trade buy- ing and covering. Offerings were compars uvely light after the early selling been ab- sorbed, and it did not !.nke . at dtll e e P e n market was quiet but steady, | Oslo, crow, with July selling at 12.99, or.9 points ISt in the e L at 86.2 COMMODITY PRIES 2% e REBURF BEAR MOVE5 5 Stabilization of ' Quotations | chack on Staples Necessary to General Settling. BY JOHN L. COOLEY. Associated Press Pinancial Writer. NEW YORK, July 15—The stock market is trying & few fancy steps to the tune of a bull fiddle, but those humbler servants of finance, the com- modities, refuse to join the festivities, ‘There isn't much romance tions on tin, lead, hides, raw silk, ber, leather and scrap steel, but Just present most conservative busin in quota- rub- at and bankers probably would rather see definite stabllization of these ic raw materials than a 10-point rally on the stock exchange. For more than a prices have been going down. gan their decline some time before stocks reached the top and they have continued to ease during the market's share gyrations since that time. Many elaborate reasons for their per- formance have been advanced, but the situation bolls down to a matter of the 22%.| disparity between supply and demand, the law that, in the last analysis, gov- erns all price movements. In the prosperity-plus perlod of & year ago, production in virtually all lines was stepped up to meet what was beleved to be an insatiable consump- tion. Stocks of manufactured g s | increased in_proportion to expanded manufacturing facilities and supplies of raw materials piled up to meet the demand. The excess of output over absorption was clouded by the rosy hues of thz bull market, but the hurricane that broke last October left a different economic landscape. For several months the security mar- kets falled to pay much attention the lower drift of commodity prices. was argued that the buying power the country had been little im and that the business recession c be hardly more than a ripple. when trade served unmist to It of ould However, unmistakable notice an era of deflation, Wall street be- 01 to concern tself with quotations onm les as well as shares, and came realize that a situation which was wltneulnr an almost daily drop in raw materials could hardly be called stable. REFRACTORIES MERGED. CLEVELAND, July 15 (#).—Officials of the North American Refractories Co. of Cleveland, said today the recent pur- chase of two other companies has made the North American the third largest its kind in this country. The of com- 4| panies ‘acquired arg the United States Refractories Corporation of Mount Un- ion, Pa., and the Savage Fire Bri Fmstburg. Md. ick Co., 24-Hour Parki Bagement of Investment Bile. 15th Hrour, "Day o "Month. Money to Loun le'lrll"lr“l lm deed :f Joseph L. Wel"le; TRUSTEED SHARES —the IDEAL INVESTMENT for lo- Jostors who demand YIELD Sn:clll,l‘{. -#;«M Yinds "and ‘finds of orsantza Sold in Lots—-$100.00 Up Call or Write _ Standard Collateral " Shares Corporation Woodward Bullding Met. 3788 Saul Building 925 15th St. N.W. Several desirable rooms at very reasonable rents. Inlpec- tion invited. B. F. SAUL Co. Nat. 2100 925 15th St. N.W. on Real Estate District of Columbia or Maryland 5% & 6 Promgt Decision on All Afifi]icufi'afu 1435 K St. NW. National 2345 “EnjoyMoney” THIS free illustrated book- let explains the 36-year old Investors Syndicate Plan through which more than 175,000 INVESTORS are accumulating from $1,000 to $100,000, without speculation, by convenient payments ($6.50 per month and up). Ask for your copy of “Enjoy Money." Use the cou- pon below. Send booklet, “Enjoy Money," to—~ INVESTORS SYNDICATE FOUNDED 1894 BARR BUILDING WASHINGTON, D. C. Telephone: Metropeiitan 1879 ‘oFFicES IN 1 PRINCIPAL CITIRS CHAIN STORES COMPANY PRODUCTION OF OIL DROPS DURING WEEK Reduction in Oklahoma Accounts for More Than Half of National Decline. By the Associated Press. ‘TULSA, Okle., July 15.—The Oil and Gas Journal reports today the estimated average oil production for the Nation during the week ended July 12 was 2,- 541,430 barrels. This was a decrease of mfis barrels as against the previous Reduced production in the Oklahoma flelds accounted for more thm ha.lt of the Nation’s ,120 barrels during the week ended July 5, Oklahoma produc dropped to 615, 185 barrels last week. The biggest de- cline was at Oklahoma City. California alone of the major pro- ducing areas registered an increase for the week. The total gain for that State was 4,000 barrels daily. West Texas ction was off about or the week and slight decreases were_shown by most of the other sectors of the midcontinent area, including North Louisiana and Arkansas. Kansas production was 127,776 bar- rels, compared with 131,235 barrels for the previous week. and Southwest Texas flelds joined in the gen- years’ cessful handling of rents—economical con- RATES ON SILVER. Juy 18 (P—Bar elver, Complete Investment and Brokerage Service Copy of Our “Fortnightly Review"” Furnished on Request G. M.-P. MUREHY & CoO. Members Nw York Stock Exchange 1510 H Street Connecticut at K WASHINGTON Telephone National 9680 New York. Philadelphia Richmond STOCKS BONDS COMMODITIES F. B. KEECH & COMPANY H CORNER 17TH ST., N. W.. WASHINGTON NATIONAL 0245 vorw vonx cricaco PHILADELPIOA ProvDmNCE moowLY™ SEASONAL BRANCH OFFICES PALMBEAGM MIAMI SARATOGA BAR MARSOR BRETTOM WooDS Members of New ynmhn&wm hgz Ifl\’ufi 3 ” CML Board of York Cotton iy E; remen Cotton Exchangs (An-’;.‘_l_ihmlnn‘l wlnnl Grain Exchange New York Coron , Inc. Now York Hide R rchanes, Tng. Minneapolis Chamber of Nniuul Metal Exchange, Tac. sideration for owners. Personal attention to details and prompt remittances. Also faci financing. Moore & Hill, Inc. (Since 1900) 730 17th Street es for First Mortgage Money o ‘0 BUILDING LOANS or IMPROVED PROPERTY Reasonable Rates Prompt Action B. F. SAUL CO. 925 15th St. Nat'l 2100 R The American Security A ) Through Five Convenient Offices ¢ —offers distinctive service in all depart- ments, and invites the business of the people of Washington who de-" sire a banlun¢ relation- s]’up that is cordial lnd commensurate with present and future needs. DEPARTMENTS: Commercial Savings. Trust Real Estate Safe Deposit Foreign Exchange 15th and Penna.- Ave. BRANCHES: Southwest— 7th end E Sts. S.W. Central— Tih and Mass, Ave. Northeast— Northwest— 8th and H Sts. N, . 1140 15th St. N.W. Capital and Surplus, $6,800,000 INVESTMENT SOUNDNESS North American Trust Shares is the largest® Fixed Trust in the United States THROUGH the purchase of North American Trust ! Shares, a participating ownership can be acquired in 28 of America’s largest, strongest, and most su:cess- ful corporations. Railroads The Atchison, Top. & Ry. Co. Full particulars upon reques:. Industriab A%m Rad. & Stard. Sanitary Jorp. ‘The American TobaccoCo. (Class B) Santa Fe Canadian Pacific Rallway Oo. Illinols Central Railroad Co. Louisville & Nashville Railroad Co. ‘The New York Central Rallroad Co. ‘The Pennsylvania Railroad Co. Southern Pacific Company Unlon Pacific Railroad Company QOils Royal Dutch Co. (N. Y. Shares) Standard Oil Co. of California Standard Ol Co. (New Jersey) Standard O1l Co, of New York - 'The Texas Corporation E. L du Pont de Nenours & Co. Eastman Kodak Conpany of N, J. General Electrig Conpany Ingersoll-Rand Conpany. National Biscuit Ompany Otis Elevator Cospany United Fruit Conpany United States ited Corporation Westinghouse Bec. & Mfg. Co. F. W. Woolwoh Company Uilities American Tebphone & Telegraph Corhpany Consolidated Gas Co. of New York The Westert Union Telegraph Co. Over $105,000,000 Purchased by Investors W. W. LANAHAN & Co. . Members New York and Baltinere Stock Exchange Associate Members New Yerk Curb Exchange BANKERS