gpniwmi .iMpaiwjtfjPny nmm
EVENING LEDaEB-PHTLADELPHTA, TUESDAY, JUNE 1, 1915.
a
13
STOCK MARKET CONTINUED ITS WAITING POLICY OVER THE INTERNATIONAL SITUATION
1 j
Ei-'
1
11
TEN-POINT JUMP IN
BETHLEHEM STEEL
83 Per Cent, of Missouri Pacific
Notes, luaiurniK j.uuuy, uu-
, posited for Extension.
NEW YOHIC, June L An was to be
expected, In 'view of the over-hotdlday
developments, the principal thing being the
German reply to the noto of rresldent
WlUon, which as regarded as distinctly
unsatisfactory and evasive, the stock
market opened tower today". There was
no preisure to cell and the liquidation
that appeared was very orderly, and
aU In the market acted very calmly. The
Initial losses were not largo and with
few exceptions were confined to fractions,
and they were small bb a rule.
Tho Street had not expected a, very
conciliatory reply from Germany, nnd
bo was not surprised by tho nature of It.
It had not been expected, however, that
the answer would bo nn evasive one, and
because of Its naturo some quarters re
carded the International situation aa very
acute Thero wns nn underground feci
trig however, that the differences be
tween the two Governments would fin
ally he adjusted without anything serious
occurring. That a vigorous reply should
be sent to the Kaiser's Government
seemed to be the general sentiment.
The market throughout tho early ses
sion was a waiting one. Virtually nil In
terest was centered on Washington for
the result of the Cabinet meeting, which
all members attended, nnd where two
things tho German noto and tho Mexican
situation wcro probably the two princi
pal topics of discussion. The noto to
Mexico has been prepared, It Is said, and
will probably be given out for publication
In th6 newspapers tomorrow.
After tho Cabinet meeting It was an
nounced that tho reply of President Wil
son to the German noto had been ap
proved, as had tho noto to Mexico, nnd
that the latter would bo given out at
10 o'clock tomorrow morning
Moro than J20.750.000. or 83 per cent of
the (25,000,000 6 per cent, notes of tho
Missouri-Pacific, have been deposited for
extension for one year. Tho company's
directors were In session for the greater
part of tho day, waiting, for tho re
mainder of the notes to come In, so that
they could declare the plan operative,
and pay the coupons or commission. Tho
company's stock was strong during tho
morning, but lost somo of the gain at
the end of tho day.
After tho early declines there wns a
good demand for stocks and tho market
became steady, but dull at the lower
levels. Most of tho buylnu orders had
been placed at prlco limits under Satur
day's close and sellers were compelled
o reach their bids. Nearly all of the
supply came from tho room traders At
one time Steel common was 1 down,
but It regained sonic of Its loss. Union
Pacific, selling ex-dlvldend, was off a
full point Bethlehem Steel lost 2 be
fore midday.
Throughout the afternoon thero was no
change In the dull conditions which ruled
during the latter pnrt of tho morning ses
sion, although tho market developed a
somewhat firmer tendency. News that
tho Interborough Metropolitan plan had
been declared effective caused strength in
both classes of the company's stock.
Thero wns a vigorous bidding up of
Bethlehem Steel In the last fow minutes
and that stock rose 10 points from the
,low. Crucible Steel also moved up over a
J point, while several other shares regained
their day's losses. -
In the line of routine news tho report
of the Government on the condition of
cotton wns the most Important. On May
3 It was 80 per cent of ,ormal, just 6.7
per cent above the same date last year.
It was also 0.5 above the 10-year average.
Crop reports were In tho main, favorable,
Snow's estimate, for Instance, placing tho
winter wheat crop at 669,000,000 bushols,
against 6S3.000.000 a year ago; spring
wheat. 2Sl,0O0,O00 bushels, an increase of
tl.400,000, oats Indicated crop; 1,277,000.000
bushels.
NEW YORK CURD
Bid
: &
. i'
!l50H
:t8
. 02
. 04
.103
. 3
' ty
. 2
Ask-d
IP
160H
6
73H
04
V
BT"
8S
115
.iH
2I
Braden
British-American Tobacco old. .
British-American Tobacco new.
Goldneld Consolidated
Greene Cananea
La nose
Lehigh Valley Coal Sales
Nlplsslng
Otis Elevator
Otla Elevator pref
Rlker-IIegeman
Eterllns flum
Tobacco Product.
United Clrar Stores
United Cigar Stores pref
United Profit Sharlne new. ..
"Aorld Film
Yukon Gold
DROP IN HANK RESERVES
Philadelphia Institutions Show De
crease of Over Seven Millions.
A decrease of $7,030,000 was reported by
the Philadelphia Clearing House banks
for the week Just passed. Loans expanded
(1,190.000, while Individual deposits were
reduced (3,219,000. Details follow:
May St, 1015 Decrease
.tl,1l,000 11,100.000
Lotns
Deposits (Ind.)
Circulation ,
Sue from banks
Deposits of banks
. ati.outuuu iittv,vvu
. 1I,2JB,UUI
52,781,000
. m.sso.ooo
. 14.18.1,000
?n one.
1,150,000
2,013,000
1,788,000
8,098 000
i nie. fMVi
Ex Clearlr House.
n.nnia fial.1
hel
ui.tni.ooo
Reserve required fll.022,000
Surplus i 32.139.000
urpua 32,139.000 T.0SO0O0
Surplus, under old form, June 1, 1014, 14..
008 000, June 2, 1013. ST,S38,O0O; June 3 10l4.
17T1TWl Kaw On Kill tl.tUlu. ...... v
fab; IT'SOU - T.-". ' .
BANK CLEARINGS
UtnV. clearings today compared with corre
pnalnx day last two years:
.... , , ,, 1913. 1014. 1013
PMlsdelpbU. 128,0,14,810 f!7,307,00T 58.071.10i
fr.::23S! tJUSMSS dlfflMl
Baltimore.,, 6,488,070 7,04. TOO 7.702.BO1
6t. Loui. , n.SOj.Tim 10:873,314 H.im,m
RATES FOR MONEY
ffiSREM&rtS'SSC ,0 JU momb
Reaerve Banks' Discount Rates
Dayn
SO or 30 op 60 or Over
lt3
SWii'f.
00.
w.
6
I
6
B
9
?
s
Clsv.n
-. ItSSfS 4
4
4
iM
4
4
4
4
4
Richmond
Atlanta.
Chicago
tLnuIa ...
nneapolls ,
DanS" cu '
W SYtocteoo
4
4
4
!(-
4M
At!
4
3t4
4
i
Foreign Discount Ratea
Bank
Date ot last
fee ..:
rtro
rate.
s
. 6
. S
. 5
. B
-nance.
Aug. H. W
Atte & i5i
Def. S, 1S14
Art. S U14
April 10. 1015
FOREIGN EXCHANGE
NEW YOitK. JIUM l.Tfc
Stortet opeeed staMy, with
tertUn euusbasge
demand tterltfif
s& "18. W itih
GOVERNMENT BONDS
Aak4
Roam. 5 llfr rtjvaHtj(d
ntuawa n retuaiered
s at Lit vCUBon
New York Slock Satea
., . Last close. High kow. Close.
Alaska Gold Minos .... 34H Pt S3 .14
Amalnmaied Cop .... 03W CB P4V 05
Am Ajr Chemical ..... 60 BO 60 60
Am IlMt Etigat iQ 40J 45 40H
AmJ?n SOX .10W ?6W 3BK
AmCntf 97 notj DOW now
Am Cir & Foundry ... 61K fil)( 61l 61 H
Am Cotton Oil 40 46 46 45
AmHWe&Ij pf 20 ZJ 28M 29
Am Ice Securities...... 30K 80 30 30
ArnLtnsced oif 10 10 10
Amlocomotlra 40 40K 45i 40U
Am Locomotlre pf .... 03 9W 9m 93U
Ambmtlt<a 05 t6 04M AS
Am smelt & Its; nf ...1034 103H 103 103H
Am Steel Foundries ... 34 32K 32)f ZiH
AmTel&Tcl Ho 110M 119H 119M
Aiuconda Copper 3111 .Wi 30)i 31 U
AkhT&8F BOX 100 HO ICO
JJadwInLoco 48 4b)i 47W 48H
BaUlraore & Ohio .. .. 72 71K 71M 71H
nsltlraors & Ohio pf .. og 09 60 09
Bethlehem Steel ......137 M5 135 145
Brooklyn flap Tun ... 88 fc8)i 87H P8H
Bntte A Superior 70 72 70 7 J
Canadian Pacltlo 165JI 164W 162 I6U1
Cent Leather Co 35H .15J 35 35H
Chcs&Ohlo 39H 39M 3U 30M
ChlnoCopper 4IW 4H 43K 44W
Chlcaeo Oroat West ... lOJi 10H 10)f 10H
ChlOtWest pf 27K 27M 27, 27M
ChlMII&StP 8SH 8S 88 88
OOO&Stljpf 67M 68 53 63
ChlRI & 1' 8H 181, 17M 18i
Colorado Fuel 1 1 30 20 2SH 20
Comstock Tunnol 8 8 8 8
Continental Can 58!i 6S! 68 U 683(
Continental Can pf .... 0G 05 95 95
Corn rroducts Hot .... 12K 12) 12M 1251
CornTroducUllof pf . 76) j 76 75 75
Croclblo Steel Co 2014 18 2 Of 28
Crucible Steel prof 89 87 80 804
Cuban-Am Fuuat . ... 70 70Jf 03 70Jf
Dcero&Copf DOM 00M 00H 90H
Den & Itlo Orando ... 8 7 7 7
Den & ltto Orando pf . 12 14 14 14
Distillers' Securities ... 10( 10X- 155 10H
Erie 25M ?6W 24 25X
Erlolntpf 39W 39W 39J' 3U)1
FcdMlnASm 10 11 12 14
FcdMln&Smpf 34U 33M 31 3lM
Oen Chemical pf 109, 101H 109 100
General Electric 152 1C0 151H ISO
General Motors 130 135U 1J5U 135(
OoodtlchBFCo 44K 43X 42W 43H
Goodrich B F Co pf ...101 101W 101H 101
GrcatKorthcrn pf ....110M 117 117 117
GtN cfs for oro prop .. 3W 31 31 31
GueccnhclmEipl'n ... 595f 01 5S 00H
HomcstaVo Mining ....117 117W 117H 117W
Inter-Met Tottc 22U JJ)( '-'IX 22U
Inter-Met pf 73 73K 7i 73
Inspiration Copper ... 2'J 29 1'8M 28M
International Papor pf . 30 37 37 37
Kan City Southern . . 26W 25W 25X 1'6S4
Laclede Gas 102M 101K 101W I01H
I.ehlBh Volloy . ...140W I40) 14ll 140
Llett A Myers Pf ,.117H 118H 118 118)
Loose-W Bis 1st pf .... 91M b9M M)H 80X
Maiuell Motor 424 A2H MM 42X
Max Motors 1st pf 80H 85W 3IK c5i
Mexican Petroleum.... 07J C8 KK C8
Miami Copper 26M VHH 25 25
Missouri Pacific J IK )2i 10X lljf
Nat Enameling & S.... 15X !6H 16H 16H
Nat Enamel & S pf 82 S3 83 83
Nat Lead 00 0J 59 0
Nevada Con Copper... 15X i6)i 14H 15K
NYNUA.H Oltj 1'IW lm "1H
NewYorlc Central 84X- 85M f5 85M
NYO&West 28W 27U 27Ji 273
Norf&West 101K 102 10J 102
Northern Pacific 104 10-1 II 3M 104
PaclflcMaU 23 22M 22H 22V
Pennsylvania 1C0H 107 10t 107
Pittsburgh Coal 22 22 22 22
Pressed Steel Car 44W 45f 43M 45M
Pullman Co 155W 153K 153M 153M
By Steel Eprine 30 29X 20lf 29M
Hay Con Copper 23K 23W 22K 23
ItcadlOB H2H 142U 141U 142W
Jteplron&Stocl 27Jf 29 27U 28
Hep Iron Steel pf .... 83H 2W olM 82M
Rock Island Co H K M H
Hock Island Co pr M H H H
ltumclyMCo 3 3Jf 3H 35i
HumelyMConf 11 11 11 11
So Porto Itlco Suear. .- 55 01 00 01
Southern Pacut. 83 80 85H SO
Boatbern Ry., 10W 15 16! I5J
btudebakerCo t5U 10 05 05M
Tennesseo Copper 32U J3 :2M 33
UnlonPacific 120M 321H 123 124
Union Pacific pf 80W bl)H SOW 80W
United Rys Invest 10 15 15 15
US Rubber 03X 62M 01M C2M
UBbteei 54K 54 63!f 54
U8Eipre 03M 03H 0IM 03)i
UtahLopper 05H 5 l3 U5M
VaCaroChcm 31H 30 20 30M
Wabash H H M H
Wabashpf H Ji M
Wells Farjo Exp 00 03 03 93
Western bnlon Tel '514 i0 '64 6
Wettlnthouw) Electric. 13 03U 01 93M
Willys Overland pf 09 100H 100H 100
V, ooiT. wth If W Co . . . . 102? i 102 102 102
Quoted Ex Dividend
Total sales. 222,400 shares, compared with
ZOS.SOO sharta last Tuesday.
MINING STOCK QUOTATIONS
TONOPAH STOCKS
Jim Butler V -g
MacNamata V," -Yi
Mlmah Extension ; s'
Montana W
North Star . . it? JV
Tcnopah nelmont i A
Tnnopah Extension ". S
Tonopah ?fr ?' jl?
Tonopah Mlnfiig ; h Vj
Rescue Eula T I7D
West End dfVeL'd STOCKS. "
Atlanta Js .CO
io u .::::::::::::: m
Uootn 03 .04
nuiwof "...;....:::::::::. :o" :o7
Coniblnatlon Fjao '. .... -JS ;JJ
Dlamondnjll B B X; -l
raisy ;;:::;;; ;ro m
Qoldfleld MerBer 1 ,5,',
Jumbo Extension -J ;J1J
Kewanas 0n .10
SlU.rick MgLLANEOUa.
Fairy Astoc ; ;gj a
Klmberly ' 21 24
Nevada Hill 17s i'm
Nevada Wonder " i,0
LONDON STOCK MARKET
Trading Quiet Reports of Australian
Commonwealth Loan.
LONDON, June l.-Fayorable war newa
Btlmulated the undertone of the stock
market today, but tradlne waa quiet.
There wu little Bustnesa in Americana
becluae" the political situation and tho
hoWay throughout tho United States yes
teraay? The feellna; in the gUt-edged aec
tlon was reserved.
The was a disposition to await con
firmation of the reports that a large Aus.
trallan commonwealth loan la about to
be put out. Homo rails were dull. Col.
Juries aro demanding large advances for
their renewal of annual coal contraqta for
he ra?Uoads. The feeling In Mines was
cheerful- Argentine, rails were duIL
Firmness prevailed In Russians. Approxl
nately" i.MO00 was disbursed In d vl
Send yand coupon, today. Juno capital
calls aggregate 4.300,000.
DIVIDENDS DECLARED
M.honlni Coal Railroad Company, extra SIS.
f7h iSrular semiannual 5. .Ths extra py
"j,"1 fn 15 to atoclt ot recorJ June 1, regular
aWw Auiust 3 to I stock of rerd July IS.
"iett U Myera Tobacco Company, regular
yM?i 11 Pr cent on preferred, payable
"fj'f'io stock of record June W.
3lS?bL Brewwa Company. reguUr ;uart,rly
ltiper ' " o weterrsd, payable lu. IS.
SiSuRinw'ay and Power Company, rejru
H5 "tSP SO tS atoik ot rscoriJJuJif Sft
4 per cei , F"?? ""
W.'?FRrt.iSiu QUSfWly 7J caats, pay-
7fuSr-rn Raoki close Jvuve a.
Jewf.J''irS-jIS. a
to M"1 " Z-
uiy rnsTOU RECKIPTS
New York Bond Sales
High. Low. Close.
1U0W 100, 100V4
104 101 ii 101K
87 87 87
.loo lou too
. om t ei
. P2H U2H m
. 02$ 02j 02W
02 ViW ViL
y 8, 8!i
. 87 87i 87k
1000 Amer Axr 8s . ..
apr) Amn Agr deb St
lJOO Amer Smelt 8ee 0 .
1000 Amer Tel clt 4s.. .
1000 Amer Tel conv 4i .
UOOO Amer Tel ct 4Hs
4W0 Amer Writ Fap Bs
1C0O Armour 4'i
tloo Atchison gen 4s...
1000 Atehlaon cv 4 1053
uiiOO Allan Co Line clt 4a
lOO.l nslt A Ohio 4s .
1(00 Halt A Oh cv 4$s
tOW lUOfl, EW V
1000 neth Steel 1st 6s
5500 lleth Bteel rfd fts
2000 Drook Hap Tr fis .
0(4X1 Uraok Un Elv 1st (is
ltTO Cent Leather 1st 8
8(1000 Cent Pac 1st la
1 1000 Ches & Ohio cv 4'is
WOO Ches A Ohio 414s . . .
8IU 81(4
7l5 70H
102(, 10J'
os sets
03', ,MJ
loos looV
103 , 101U
(olJ 8Vi
88W SJlj
03S 0U
om oi
o i' in.
78 78
474 474
57 57
P8U 08i
ioiu inn,
10J 102
in 10.T
101 101
wn, PB4
M 8,
1000 Chi St Nwn deb 5s '83 102U
3000 Chi B & q Joint 4s 08H
SVOQ Chi U & Q rcg 4s OVA,
10C0 Chi M A St T gen 44 1P0
3000 Chi M A 8 V CD 6s. .10il
11OO0 C M H 1' cv ret 4Vis lonv?
riOOO Chic ill A B V cv 4tis P0H
1000 Col South 1st 4a . BSJ4
2000 Cumberland Tel fs 0t)
1000 Il A Hud rfd 4s .. 01H
6C00 Utl & Hud 4s 11)111. DO'
iwu Den . Rio or 414s. ?b
low Uen A lllo Ur rW On
20000 Dls Secur Core Cs
aOCO Erie 3d eat 4s . .
2000 Erie 4th cxt 4s,
IO(KJ Fort V A t) 1st 0s
1000 den Dlec deb 5s .
1000 Hous ft Tex 1st 5s
10OO Indiana Steel to
4000 in Cent 4s 1052
OroO tnsn Can c tie .
101
10.
103
10
0014
8.1
120
120 120
2000 fin I-M I.) nd ll '10 110
120
120
1 1000 Interb fet 44 HH
,4000 interb .R T rot 5. . 0741
IMOil inter Mer Mar 4Ms 42
10M Internl Paper Os . 100
2000 Ind J(irolinl fin. . DM,
711
U7.
42
100
P0J1
71
74
74
Mi;
fpo
7i4
i
1124
Trttt
42
100
nov
73'4
74
71,
8f
72V
42
llJ'l
0114
1004
71)
1014
1)3
isn,
lot.
17000 Jap new Germ L 4Hs 71't
5000 Jao new 4Vis
imi jnpanei ens
1000 Knn Cltv So Bs .
loon Mirh Tel "r
0000 Mo Knn T 1st 4s
.000 Mo Pne 4s
JOOO n Pni. fnns Da
74
112ti
71 ll
itj 10
lorn New Orleans cv TJs.. rn
00' 4
1004
liiis,
05
0'l4
noH
1031,
1000 N y Canal 4s 1002.
100'
14000 N Y C A It 3H3 .
277000 N Y C A 11 c ret Os
5000 Jf Y Utty 4s 1018 . .
in, v v mtv 4t, inoo
TO
102
03
Brtooo N Y City 4Ha 1001
im
trncl N V rif 411. N'o '57 1034.
12000 N Y Oas It A P
,000 N Y Oas It A r 5a
2000 N Y Rwy rcf 4s .
soon n y Rwy adj Is..
(WOO N Y Tel gen 4W .
iroo N Y w C . 13 IHs
1000 N y queen 5i
2000 Xorf A w con 4b
1000 Xorf A West cv 4s
2001 Nor Pac prior 4s
oooo N'or Pac en Is . .
1000 Oro Rwy A Na 3s
1000 Penna c 1)is. . ..
8-4
103H lot".
71 I.
no no
014 IHV4
77 77
no, m
not? noH
loiij inn,
BO
ro
p0(i
Oltf
.10!
nH
014 "14
rail
ilTil
MH,
m4
83
ion
1)74
1)71,
87t.
02
004
on
82
(114
41
ni4
40
fll
80
100
074
07,
874
l2
004
ro
82
01
13
03
4(1
03
100
2000 Penna 4a lots
5200O Pennit gen 4Vs w I
iron rub Son N J .'
imon neifllng gen 4s . .
2000 Repub Cuba r,s
1000 Rio Or A W
1200O Rock Ifland 4s
12000 Rock Island rfd Is .
1000 Rock Island 5 . .
30ro at LIMA So g"n Is
100O Bt I, A a f I18li
eooo St I, A S P rfd sta 4s
OT
D7tS
F.7'4
M
o2:
n4
. )
. 82
014
41)
40
(13
f.l)
4om st U A H I Ren ns ,
r100 Bt I, & S r gen Os
rnco st i. & i r rfd 4s
1000 St POUl M A M 44s
looo !t Paul Duluth 4s
3000 Seaboard A L ad 3s
lroo Seaboard A L Stn. 4s
rn
00
initi
0714
100H
81
01
0
1014 1014
074 H74
ioo, ions
s wt
01
80
804
1184
86
014
1104
01
104
01
so
804
OKI,
804
014
on4
01
1)04
814
O'oo no cv ret i p -n IV M .
liroo South Pac rfd 4s . 8,.
.KW) South Rwy gen 4s 44
100O0 South Rwy con Bs
1000 Trnn C A Ir gen Ba
30OO Texas Co c Cs . .
1000 Third Ae new 4s .
2000 V S Rubber Os
25000 V 3 Steel 5a . . .
3000 'Tnlon Pao 1st 4s .
7000 1'nlon Tao cv 4s ..
1000 Vn Rwy 5s
711000 abash 1st rcf 4s
11000 Wabash 2 J Bs
.-,1000 Wab Hqu ct sta 4s .
OT4
. tn4
80
102
.101
. W4
H'l
. 04
. 204
. K
. 184
20' d
Kl
Ml
102 V 102 V
ioiu lot4
1)1 004
Ml H'l
III
ni
10
nj
18
204
20
02
lil
"OU
r.iKio wftD i.qu rri is. .
37000 West Electric r.s
H00O West X Y A Pa 4s
80OO West Md 1st 4a
1000 Wheeling- A I. 15 4s
200O Wlscon Cent gen 4s
nnn llla cn .q ttr r 4s .
10l
704
(17
80.
844
1011, inn.
74 7(14
m in
8(1 8(1
814 814
ci 11
mi Z
S.
Total saleft S-l 313 000, compared
000 last Tuesday
with 11.S05,-
Sales in Philadelphia
a.. oln Itlrh Tyiw. Close
44 Am Gas
.auin juii. iui?j --V1:-1
l
110 Baldwin Loc... 471
-ii
101
474
43'J
14
27
23
B34
124
474
484.
1.1 do nref 101
1 Burt A Suq t c. 13.,
20 Cam Steel... . 474
10 Chlno Coo . 45
101
101
11V
Ji 1 14
47"
471
43',l
I3
u catawia 1st orei .
II
27i
27
23
27
40 Interboro Met.
30 Lake S Corp..
20 Mlnehlll
103 Mo Pacific .
00 North Cent ..
181 Penna U B
2 Phlla Co ..
72 Phlla Elec .,
80 Phlla K T .
51 Reading- . .
10 Studebaker .
170 Ton Rclmont
70 Ton Miring
33 Un Troc . ...
134 V Oas Imp . .
2073 II 8 Steel . .
184 Weatm Coal .
22
T
iJEJS Jti
53'
10
- irMi
Total sales 4503 nhares, compared with OOSJ
shares last Tuesday.
DOKDS.
Lost prev. sale. High Low. Close,
2000 Ral Lo 1st 3s .101 10)', jiiift iui-
31 Ca P ec Pen 'IT '
030 do Mar. '17. 27,
100O El A. Po Tr ct 4s ,3
40C0 I. V g con 44s l84
1000 do con 44s. 084
1000 L Val Tr sen 4a SS
1000 Pa cv 3V4" ttl 109.
14000 do gen 44s. 07),
5000 Pa Co 44s ct wl 103
4i rhiia Co loiea.. i8
1000 do 5 .. ,
43 do 1018 scrip . OJ
i"0O Phlla Eleo Bs ..101
Total sales. 31,330. compared with JS3.777
last Tuesday.
NEW YORK BUTTER AND EGGS
NEW YORK. June 1 -BUTTER. -Market
steady, receipts, 13.84B packages: extra, 28c;
higher scoring. 234820c mate dairy, 274
2-jc. Imitation ctearn"S 22822c.
HOaS Market easier, receipts, 22,078 cares,
extra firsts. 21422c .fresh gathered, firsts.
2021c. fresh gathered, nearby whltei S4
25c regular packed, mixed color. 2042-'c.;
nearby browns. 23324c.
NEW YORK METAL MARKET
NEW YORK, Jun J The metal market was
steady todiy. Lead. 4 832103c. tin, In file
ton lots. 37.50S3S 50c.
GRAIN AND FLOUR
WHEAT. Receipts. 160.708 bush.
The
market was unsettled and 4c. lower, with de.
.11", ,.... v
Quotations
mand less active.
Lar lots, In ex-
rJSitUSS.S ,jd. snot. II 4181 .44. No
red Yeurt ! . v '
" "cmiNiVseiuRi. 1000 bush Demand wa.
liaht and prlcea ers i,o lower Quotations:
cS? lots. In export elevator-No. 2. spot and
fSSSf'S Je'llow. 8282Wo .HtS.f P
ISwV 8181M4 yNj 3' yellow. 78U7Utec , W
JjAX8ne" U 40.008 bush. Price, we,.
.,US.L with buyers Indifferent. Quotations
MIIVK nowtnil 'W. quote at 11.10112
J 'iSh to quality. In export elevator, and
SrWaJLOS tor small lets of nearby iraln
'" FLOUB-ntcetpU. 835 bbls. and 019.034
lb. In sacka There was llttlj trading and
Iti'u.. wiire weak and lower. , Quotations, per
im lbs K wood: Winter, clear. I8.2M650,
i9 'aliht. ltt!50.T3, do... PlMt,.7,Mj
t"ir Kansas, straight, lute sacits, .doi, ao.,
T.0. ."K' " t. "srsia. snrlnir. flrst. clear.
Iff
do
tent!
HU. DO . B".HN.(
Mi cbol- ana fancy patent, 7 304J7 75. city
S It reiular K.rad-wlnur clear. I&.J5W
6 50 dai "7101, a.ouj9 io, , !."..
,8ItVK "-OUB was dull and wyaV Wj
auoti narby and Westsm, In wood, at
3.M. aa to m allty
PROVISIONS
l'ROVISIONS. Tha t"kjt ruled td"
,.k , . fair lobblsc demand. Wa quote s fol
Sw. ?y &itia Si7moll aid alr-drled.
Sir oltv beef, knuckle and tandera. sawked
fSd OoSS smokid. 27 f 28o , beef banw,
fa3POV,nUy, 832- bama. S P
ltuailM ; . -i wooked. IJValBHc
.nd avaraia, 13
14c .' do , boiled, bsoe-
w's jae is:
shouUera. 8 P -ud,
uaa. ".'S:i. !-""- T3.Ti ",i'i ir
CIBSs. In Dickie. SMOesrdtag to average. Ioom.
con wewaracu-, "'-
85 B3'i 83H
4s 80 80 SO.
myt wdji o,
OlU OlSk M
lot 101 101
Wi WH MJi
I'SH 08H "U
87 S 87.
m (. 1ITt
?!4
inu
Htv, 4 M
53',, B34 Mli M',.
nil 31 31 HI
2l2 234 21)) 234
81? 84 84 84
71 ' 71',. 70i, 71',,
034 On CO GO
44? 4,, 44 44
74 74 7 7
324 324 32H 32 4
83 8.1 824 824
B44 514 534 54 'J
01 D04 004 b04
1,1 u ,,,
07 07 117
T34 75?, 75
09 (V) UO
1014 1014 1U14
884 884 88)1
1004 1004 lui4
I)7 074 074
lOI. 103S M
1)11 08 U"l
80 80 80
03 m i
1014 lot lulli
PHILADELPHIA MARKETS
kelSTreiXieaf lo tSM ' luiwij.c lrd
pure i.lt kettle rsaiored to tuba lU1aU'-
DAIRY PRODUCTS
Bl'TTKK tta clie but pr'-cea wera
LOCAL STOCK MARKET
IN WAITING MOOD
Little Pressure on Securities.
Pennsylvania Railroad Re
port Encouraging.
The chief effect of the German reply on
tho trading In securities lrt Philadelphia
nt the resumption of bualness this morn
ing was lo curtail activity. Except for
n certain amount of pressure against
United States Steel, which did not last
moro than an hour nr so, declines. If
any. In tho purely local group were con
fined for tho most part to minor frac
tions. Two reports of April earnings of In
terest to Phlladelphlana were the Penn
sylvania naltroad's statement and that
of tho Philadelphia Company. Thn form
or was distinct! encouraging, in so much
as It showed that the big system had
bacn able lo meet nil decreases in gross
with ease by curtailing expenses, so that
tho net returns of the lines cast and
west of Pittsburgh as a wholo showed
a gain of $479,532 over April of last year.
This wns nlso true of tho four monthB
period, which disclosed nn lncreaso of
$282,566
Incidentally It wns learned today from
usually well Informed sources that Mav
had shown even grentcr Improvement In
earnings owing lo the Increase In business
activity In the Knst Coke ovens are re
sumlng operations, steel plnnts havo ex
panded their output and contractors, who
do work for tho Pennsylvania, say that
the toad Is beginning to go ahead In mak
ing Improvements nil over Its lines, show
ing that the management Is hopeful for
tho future.
Tho PhllndelphW Company returns of
nmilatod corporations for April showed
for tho most part gross decreases trans
formed into net gnlns Tlili was par
ticularly true of the Pittsburgh nallwajs,
whero a loss in gross of 31,737 wns
changed to an Increase of no less than
$66,425 in net.
J6G.425 in not Philadelphia Company
stock moved up from 3lVi to 33 on light
purchases In tho afternoon
Und-of-thc-month tequlroments doubt
less wcro responsible for the drop of moro
than $7,000 000 In tho surplus reerves of
tho Philadelphia banks Tho Item still
stands high, however, being more than
$32.OCO,0CO Monetary conditions hero wcra
reported to he practically unchanged.
NEW READING DIRECTORS
New York Central Head and W. L.
Kinter Elected to tho Board.
Tho stockholders of the Heading Com
pany nt tho annual meeting held today
in the Heading Terminal olllccs. elected
two new directors to tho board, Alfred II
Smith, president of tho New York Ccn
ttal, and William L Kinter, assistant
general solicitor of the Heading Com
pany. They succeed Samuel Dickson, who died
last Friday, and Charles C Harrison, re
signed. Tho other seven members of tho
hoard were re-elected, ns follows. C. T.
Stotesbury, II. P. JIcKcnn, Henry C.
Frick, George F Baker, Daniel Wlllard,
Isaac Illester and Joseph 12 WIdcner.
Former Juilgo Georeo Ciray, of Wilmington,
presided at the meeting, and Jay V. Hare, sec
rotary of thn compan, acted as secretary of
tho meeting
Following the business of electing dlrcctora
the Reading Company meeting waa adjourned
under the uiual rule of tho company until Oc
tober 11. the dale for holding the annual mect
lnga of the Philadelphia and Reading Railway
Comrany nnd the Philadelphia ana Reading
Coal and Iron Company. On that date also
the annual report of the Reading Company for
the fiscal year ending June 30, 1015, "111 bo
made public
ACQUIRES PEOPLES RAILWAY
Wilmington and Philadelphia Traction
Gets Entiro Capital Stock.
WILMINGTON, Del, June 1. At a
meeting this morning tho Wilmington
and Philadelphia Traction Company ac
quired the entile capital stock of tho
People's Itallwaj Company and also an
nounced that tho former owners of the
People's Company hod acquired a sub
stantial Intel est In the Wilmington and
Philadelphia Traction Company A num
ber of changes will at once bs mado In
the two lines so as to give better service.
The wages of tho motormen and con
ductors on the Peoplo s Line were at
onco raised four cents an hour to cor
tespond with those paid by tho othor
company. Tho price paid for tho stock
was not given The People's Line had
stock of the par valuo of $1,500,000 and
bonds of a like amount. The principal
stock and bondholders were tho estates
of Thomas r Barry and John Dobson,
of Philadelphia, and Blchard W. Crook,
the head of the lino In this city.
NEW YORK COFFEE MARKET
NEW YORK, Juna 1 The coffee market
opened steady Futures declined 1 to 3 points.
Closing figures showed losses of as much aa
0 points. Trading una fairly aclKe. Prices
follow.
Today's Todaya Frlday'a
opening close close.
HRiaUoO (Uieit77 5 00 ....
. U 83 .6 780 80
.. .140-S.141 1413 50
.... A.4US6 50 6.5096 S7
... 6 508(111
.flW . .. rtni3!(112 6 5860 60
.0 1T .. . 0.536 34 ....
. (I hVSO 63 11 M01I.W
fliL.' .. . 0 368..17 H 61176 6.1
.8(16 . . 118111(12 . ..
.H70 ... an.iao6 ., .
.6 76 .. . ti68fl6.70 eSOtfflSl
Bid.
Total sales. 21,750 ban.
solid-packed creamery, fancy specials, 30Hc;
extras, 2SHc . extra firsts, 28c., tlrais. Jfc ;
seconds, 20V2CC., nearby prints, fanoy, 3.'c. ,
average extra, 31c, rlrata, 2S4MOC., seconds.
23420c , garlicky, 24825c., jobbing sales ot
fancy prints 38ji39c.
KG08. Choice stock was In fair demand
and steady, but the undergrade were dull We
auoto In free cases, nearby extras, 23c per
oz , firMs, $d per standard case, nearby cur
rtnt receipts, 5 70 per case, Western extra
tlrst tQw case, firsts, 85 70 par case South
ern. S3.1O0S.4O per case, fancy selected can
dlel esga were Jobbing at 234$27c.
CllEKHK. The market ruled ateady, with
a fair demand for desirable stock. We quote
P,ow York, full cream, choice, new, 173410
17Mc.i specials, higher' d2 do , fair to good,
new, lOVjSnc ; do., part sklnw, 84 13c.
VEGETABLES
Receipts were quite liberal and some kinds
wera easier Quotations White potatoes, per
Dusn. Elaine, outjttc. w icric. as to quau-
II, iwhw (II I. V MJtsij. a, iug ua, u
No. 1. II 26414.50. No. 2. U.'JUa 75c,
15.J60C
wnue poisioa, norias, per qbi.-
. sd.j&aKi lac. wniia
potatoes, bmuio uarojioa.
par bbL No. 1 M &0
No.
12.503. Sweet DOtatoss, I)la-
warj, per hamper urge llwl.26. nadlum.
per
LbT.-No. 1. S2&MS3 25. No.
BtwevK pouiieea. SMeivrn attan.
2. SI SJa1.75
Swee4ji. Jersey, per bbl No.
1. S7Rit75.
'xo. - in
7&c an -15.
tthio. Sweeu Jersey. pr basket.
uotcna. 'isaas imt cummer-craie.
No. 1. Jll.l ooloas. Texas, par
crate. No. I. 764sOi. Cabbage. Nori
Jr cununer
ortb. Cara-
nua ana jmotioik oer
L-mte. 75a. ell do..
North Carolina, and Norfolk par bbL 54J75t
aultgower Norfo'k per ham par. SOfflTlt.
Beau Florida wax car basket 75c 011 28.
do. Florida, green per basket 75c 041 25 do.
South Carolina, and Gorrgla per basket 1
1 M do Noftb Carolina per bwket 1101 US
Peas North Carolina per 1-S-bbl basket. 11
hTj do. Norfolk, par 1-3-bbI basket lcf
i w. uo . cvrtoia ur ys-ui wuii. ei.
akT
l wi. oo jLaatero onure Mr H-ooi
II 24V8LSO.
Lggplagt
wr box Its
2SO. CUC
Cucumbera. Flwlda. sex basket 75c.
tl 50. Sou
Fionas, wr Mstji ooctjjl TO
Pannara teiorlda
JW. Beats.
rharlaalon ur lob bunchaa
.W8.
do.
North Carolina. Bar 100 bunches Bit
no.
Nnfttilr ur 100 bunches. SaaM. Tnfnaraa
7ejil l6aSToar crtte iffim.
Aanarmius, or bum. a ItsffMc. Muanrooow.
par 4 - basket oOttTa,
RRFINED SUGARS
RB1INHD Sl'GAKS. -IBe market ruled
4rm and lUt prices were advanced 10 palms
BuLb however was still being uuii,il at
old raUs We uuote Standard aranjlated
April .
May ....
June ..
July .. .,
August
September
October
November
December
January
(February
March .
Local Half-hourly Sales
10 to 10.30 A. M,
88 renns, . . . Mi
BUS Steel . 53H
in tr a Kto.l
B3h
100 do . M
50 ao
10 do
iOO do..
2 Reading
200 U S Steel
9. f tl a4 A t r
ii r-sWAW ir nr. a-i
26 Mlnehlll 36U
tl n I . 83
71
Mill 9 Kt1 .. 83
M'i
15 IVestmor Coal $0
70'.
3 North central si
1 Phlla niee ..
28 Cambria 8teel 47
io r s steel . rvw
luo y & eueei
in Tnn nel
4 0-18 20 Cambria Fttel 47
100 U S Steel
53'. 40 Fmia siec .. m
53'f 200 U 8 Steel .. 33
100 u B steel
10 do
10 do . .
100 do
101 IVestmor Coal
53 400 da
53H 100 do
M 100 do .
noli so Penna . .
Ml,
.. 53'4
.. rvm
53 7-K
BONDS.
2000 Raid In Loeomothe Bs .. .
200 rhlla Electric 6s
20(K) l.ehlgh Valley gen cons 44s
10:30 to 11 A. M.
.. 101
...101
... OS
30 U a I . . M
i nrf a. . rt mi
80 Amer Oas....l01
BO U S Steel.... -43k
tnn 11 n rii . . (Liu r, nnlHln nfd.101
10 renna .. 53',, 100 Mo Pacific .. 12U
10 P R T t c . 84 10 Penna ... 53 5-16
23 l'enna . 53 7-16 10 I 8 Steel.... B34
40 P R T t c. . 84
BONDS
1000 Penna cons 3Ujs 1015 100J4
1000 Phlla niectrlc 8s 101
11 to 11:30 A. M.
3 renna . MS 30 North Central 81
IOO flcn AspMlt 27 100 U
K Steel
HI!
50 Tanonah Mln 7L; io Amer Oas
1U Al
1014
100 U 8 Steel . . 53H
DOVD3
2000 Lehigh Valley gen cons 4Hs ..
11:30 A. M. to 12 M.
100 V S Slecl . R1 2 U O t. . ,
10 Baldnln pfd 101
12 M. to 12:30 P. M.
99
83
10 U S Steel
20 Inter Met
M-, 10 Chlno Copper. 43H
" btl auu .ut 79
1 l'enna
53
3 do 7i
50 North Central 81 23 Ton llel
BONDS
.17 Cambria Steel scrp May 1017
12:30 to 1 P. M.
10 t; t Slecl 53. 2 l'enna
IPBTte... 81.S in Penna .
07
Ml.
53 8-16
al wnopnn jiei, -ij,
20 Inter Met . 23
2 Rrndlnir
71 3-10
10 Lake sup Cor
'
:o l'enna . . . Wi
1 to 1:30 P. M
100 U S Sleel
8 Penna
4 Am (Ins
100 U S Mcel.
100 do
54 10 1 11 t C... 814
MJs 100 Rildwln Loco 47JJ
101W 10 1 R T t e... Si,
.14 100 Tonopah Uel. 4b
54
no.s'Ds
1000 Penna cans 4Hs ctfs w 1 103t
1:30 to 2 P. M.
2 Phlla Co 33 6 P R T t o... SVi
23 Phlla Clec . 23H
BONDS
I00O Penna cons 4Ha ctfa w 1 103?.
40CO Penna gen 4VJs 07(5
1000 Kleclrlc 6t People's Trac ctfs 4a.(; 7S
1C00 Phlla Co 5a .80
2 to 2:30 P. M.
KOflO Penna gen 4Mb
1000 Lehlith Valley cons 4lis . . .
.11 Cambria Steel scrip May 1017
II Cambria Steel scrip Fob 1017
07W
lOHi
. 07
. 1)7
. 07
. 03
. 06
CO() Cambria steel scrip May
1017.
i , iniia 1.0 iwia scrip
43 Phlla Co 1016 scrip
2:30 to 3 P. M.
io u a i
10 U s Steel
1JUU1 .
I Penmihnnln
824
821.
5.1)1
14 U O T ...
10 llald Idco.
1 N Central
33 Un Trac .
82H
64
7W
s wsnria
Coal.
fio u a i.
a l'enna ....
lo Studebaker
20 U a Steel. ..
53 lfHi u a hicel
(0
0 Tono Mln.
SIM
3 Lk Sup Crp
BONDS
(12 Cam Steel sen May 1017
1000 l.ehlgh Valley Tr 1st 4a
30J Cam Steel sen May 1017
07
8SW
07
Local Bid and Asked
Today Saturday
Bid Aaiced. Bid Asked.
Baldwin 4St. 50 47U 4S
do pref 10014 10H4 100 101
Cnm Steel . 4UH 47K 47t 43
i:iec Storage . ... 10 SOU 50 601J
den Asp 24 27' 27 27i
do pref 63 63 63 b6
Key Tel 14 1.1 14 11
do t c 14 15 14 15
do pref 67 OS 07 68
Lake Sup Corp . . t", 1 IV, 74
Leh Nav 72 T l4i 72U 73
Lehigh Vollev 70J 70? Toil 70b
Leh Valley Transit. .. 14 llVj 14 15
do prel 2SVj 21) 2SVi 2!)
Pennsyhanla 53 7-1(1 53 0-16 5.1M, W 11-16
Phlla Electric 23 234 23 21,
J'hlla Co 33 J4 33 .11
do 1 per cent pref .. ,14 31 31 .(1
do 0 per cent. pref. . . 30 40 40 40
Phlla U 1 8 H sl-i JvH
do t c 8!i Mt '$ Su
Rending 711. 71 71 71'i
Tot Bel 4H -tiy. 40-16 4u
Ton Mln 7 TU 7 7W,
Un Trao 32U 3.1 32 3.'1,
U G I 82U 82 8.1 S3V4
IT S Steel 54 5414 54K 51s
York Rwy 614 71J Oli 7Vi
do pref . 36 37
Wm Cramp t c 38 37 36 37
COTTON CONDITION 80 PER CENT
Government Figures Above Same
Period Last Year.
WASHINGTON. Juno 1 -Tho Agricul
turo Department's crop reporting board
estimated today that cotton's condition
May 25 was SO per cent, normal, against
713 May 25. 1911, 79.1 In 1913, 78.9 In 1912
and 79 5 ten-year average.
Virginia, North Carolina, South Caro
lina, Georgia, Florida, Alabama. Missis
sippi, Louisiana, Texas, Arkansas, Ten
nessee, Missouri, Oklahoma and Califor
nia were respectively SS, 85, SO, 8L 80, 78,
82, 7C, 79, 81, 85. 90, 76, 82, against ten-year
averages of 6. 82, 78, 80. 81, 80. 79, 78, 79,
SO, 81, 81 and 81, with California's decade
record missing.
COTTON
NEW YORK. Juno 1. Cotton opened easy
this mornlns". 8 to 11 points under Saturday a
close This waa due to poor Liverpool cables
and fair weather In the belt Operations In
dicated an evinlne up ot accounts, prior to
tho publication of the Government report at
noon. Wall Street, foreigners und New Or
leans sold. Traders generally bought.
After the report was made public futures
hardened slightly closing steady
Saturday's
Close upen nun law Close
July ..
October...
December,
lanuary .
i, tl v.zi i, ',u
11.27 0 30
0 73
.0 01
0 08
0 60
I) Kl 0 74
II 81 I) 07
u.im u.71
0.84 0 04
II.S8 10 00
.... 1)53
0 DO 10 02
pot
FRESH FRUITS
Oranges and grapefruit were quiet and
easier. Other fruits were generally ateady.
Quotations Applea, Now York, per bbl.
Baldwin, 1368, Den Davis, 1384, other good
eating varieties, l2.2Mi3.50. medium, 1302 24.
do.. Western, per box, 1102, do., Delaware
and 1'ennsyhanla. per hamper, 50075c, Iem.
ons per box. 12 6086 50. oranges, Florida, per
box. .' 5003 50. grapefruit. Florida, per box
itPij Jj?.5ple.. KiUcrar-I,?,'to, Rco- JS
01 75, Florida, 11.2502, atrawberrlea, per qt.
Norfolk. 508c . Delaware, Maryland and East
ern Hbore, 60i2c.
POULTRY
LIVE. The market was quiet, -with mod
erate but ample offerings, at former rates
Quotations Fowls. 19ti017c , roosters, 110
Uc. , brolllna: chickens, fancy, not Leghorns,
welgblng l'tS 2 lbs uplece. Zd02c . broiling
thickens, not Leghorns, weighing 1011 lbs.
apiece 230260 , brolllns chlcksna. Leghorns.
wilghlngnUtW lbs. apiece. 24S8c, broiling
chlcgMis, Leghorns welghlna; IAS lbs. apiece,
204UIC. turkeys. 12014c. ducks Pekln. 140
13c., ducks. Indian Runner. 12013c . geas.
10 lie , pigeons, old. per pair, MOOik. i
pigeons oung per pair, 2O0icte.
DKKSSED Offerings of desirable stock
wera llgbt acd value generally ruled steady,
wltb trade fair. Tna quotations Fresh-killed
fowls. It to box, ary-plrkad and do -packed.
Umy selactao, luc.. do., weighing 4t4as
lb. apiece. ISc , do., welgblng 3U0( loi
aplec lie do., 3 lb a niece, lull 7c
do . undar 3 lbs. apiece. 14013c , fowlsT Ice
packed, Wsstern. 4 lb, and over apleoe
i7V,c. do. do., snialler Hs, l017c.rM
roosters, dry-nicked. 1314c , squab, white,
weighing 11 U lbs. per di., 4 lO04?r:
a hit, walghlng to 10 lbs. per do.. ttSsii
8.71 ,do . .. 5 lb, par doa VZ.MM.sT 37
do. 7 lba car del. 1102111. do .do aJSoi
lbs dm da.
smalt and No t. It Frozen r uliry :
to quality. ltMflsc . chickens, dry plckaj i&
dri -packed, lo boxea, milk fed, 31M lb. Ii
ooi , 18 . do 37042 lb to do . 157. do . a
047 lb, to do. 18c do., 48 lb udu , 'Mc .
chlckaB, Si-fiud uA dsy-ftclied. la baU
Suey, lairtiTba to boa. Ho . do., tfev.
lki to daz . 24c . corn cisd, 'anay lisui 1
doz. 21c do nrtaie 2MJO lb, to do .
Wissst r$lz &&jy1.
Financial Briefs
At tho speclnl moetlnn: of stockholders
of tho Interboroiigh Metropolitan Com
pany this afternoon the plan calling for
tho consolidation of tho Interborough
Metropolitan Company with the Finance
nnd Holding- Company Into a company to
be known aa the Interborough Consoli
dated Corporation was ratified by a voto
of 1,106,527 shares In favor and eras shares
against
Thomas P riowcr, for many years
president of tho Ontario and Western
Italtroarl Company, has been elected a
director of tho Erie Railroad
The best bid for $740,000 city of Chicago
4H per cent, bridge bonda, with average
maturity of nlno nnd one-half years, was
86 8068, by K. W. Halsey & Co, and A.
D. Leach & Co. Jointly.
George H. Bruce, formerly of E. W
Clark & Co , has become associated with
Henry & West.
The annual meeting of tho Pennsyl
vania Company was held In Pittsburgh
today nnd tho following directors wcro
electod' Samuel Ilea, Henry Tatnnll,
John P. Green. William W. Barnes,
George Wood. C. Stuart Patterson, Ef
fingham B. Morris, W. W Atterbury nnd
Thomas DeWItt Culler, of Philadelphia,
J. J. Turner, Edward B. Taylor, D T.
McCabo nnd O L Peck, of Pittsburgh.
The directors will chooeo their oincers at
a meeting to bo held In Philadelphia, tho
date of which was not announced.
Harry P Gcrkln. oil, I, Wlnklemnn
& Co , has become associated with
Hughes & Dler.
Exports of general merchandise at the
port of New York for tho week ended
May 82 totaled Kfi.455,495. an lncreaso of
(10,038,017 compared with same wrek last
year Imports for tho week totaled
$19,120,6:0, nn increase of $2,137,103.
Prime Western spelter for spot delivery
has sold nt 23t& cents a pound, tho highest
price mado to date June shipments hae
Bold at 23 cents. Tho "brass specials"
grado of spelter has been booked nt 25
cents on some business, and tho asking
price of producers for tho same grade
haa now been advanced lo 27 cents n
pound.
A. J. Earllng, president of tho Chicago,
Milwaukee nnd St. Paul, said "Thero ii
reason for gratification in tho business
outlook Tho revival of business In tho
East Is not especially large, but It Is ap
parent. Certainly, the crop prospects
are good The high prices that were paid
for grain during the first few months
have Influenced the farmers to Increase
their grain acreage, and this means new
building nnd an increased demand for
lumber In tho Northwest We figure on
heavy freight from now on The enst
bound freight has already picked up and
tho westbound shipments are a good deal
better than they were a year ago.
The American Smelting and Rcfinlns
Company has advanced the prlco of lead
23 points to 4 75.
Tho following stocks were quoted cx
dlvldend on tho local exchange, except
for cash: American Railways, Second and
Third StreetB Passenger Railway and
Frankfqrd and Soutltwark Passenger
Railway.
Tho American Smelting and Refining
Company again advanced prices of lead
15 points to I 00.
The Gusgenholm Exploration quarterly
dividend was Increased ft of 1 per cent,
to i per cent.
rrtvate reports from well-known Cot
ton Exchango firms and other sources
show a marked degreo of agreement on
the June condition of that crop. None
estimates condition below SO per cent, and
none places It ocr S3 per cent, of nor
mal. Russia has been the most Important
foreign buyer of wire In this country dur
ing the past month. It Is estimated that
within that period Russia has purchased
40,000 tons of barbed wire. Great Britain
and France have also been large buyers.
Copper exports for May were 28,884 tons,
against 31,918 In May, 1911.
Owing to the lack of a quorum, tho
meeting of the directors of the Western
Electric Company, which was to have
been held today for the purpose of tak
ing action on the dividend, was postponed
for one week.
Additional securities of various com
panies have been placed on the regular
list of the Philadelphia Stock Exchange
as follows- $118,000 American Telegraph
and Telephone Company stock, $609,800;
Rochester Railway and Light consolidated
mortgage 5 per cent, bonds, total listed
$5,921,800. and $261,000 Public Service Cor
poration of New Jersey, general mortgago
5 per cent. 50-year bonds, total listed
$36,998,000 There has been also added to
the regular list $1,073,000 additional stock
of the American Gas Company.
Glendlnnlng
Company 5s.
& Co. sold Philadelphia
Tho Atlantic Coast Line has extended
to December 1, 1915, the privilege ot ex
changing unified mortgage 60-year 4 per
cent, gold bonds for general unified mort
gage 50-year series "A" 4li per cenL gold
bonds.
RAILROAD EARNINGS
ERIE.
1015.
April gross 13,012,208
Net 031,055
Four months' gross 18,004,605
Net 3,680,506
Incresse
X14V,b.'7
370.(103
(.'S.IXJ3
780,021
MINN.. ST. TAUL AND BAULT 8TE. MAIUK,
Aprl gros 11,323,884
Net 28J.214
Ten month' gross 15,ai4,0it!
Net 8.080.185
IllU.ObS
JO.ead
700,44
281,068
ATLANTIC COABT LINE.
April grosa 12,077,16s 200,44S
Net osa.oae Ti447u
Ten months' gross 28,612,250 4,313.670
Net ... 0.085,454 J,8et.24U
N. Y.. SUSQUEHANNA AND WESTERN.
April groas
1868.511
37,bl0
1X4,315
-O.VQ4
40.55M
59,413
I170.03J
73.31)1
3.178.65)
-J.12D
147,656
Four months gross 1,310,278
Net ,
ILLINOIS CSNTRAU
April grosa Il,8,278
Net 545,452
Ten months' grosa,..,,, 55,Sl.78
Net 0.717.W7
C1IICAQO AND AWTQN,
m
April stow
4
INC
IS 4
Deficit 21.31: 22 tt
NEW YORK. ONTARIO AND WESTBRN.
April gros TiSSIi llfcTi
a
net ...... ... ,".
ANN ARBOR.
41.343
IIS45
7.761
Third week May .142817
From July 1
1.454
TWIN CITT LINBfl
Third week May
From July 1
May stix.tn
July 1 3.M4.37
HOCK1KO VA
$&u
gross Ij
Tea ssentbv'gfo .'
Nat ,
NBW YORK. CHICAGO
&.5.!?f...;:.::::
Wa tBABth ffVBS. . . .
Net L4I
KsMV YORK ei
&r.f.r!T.-
Four BaMrfb' grsa.
Net
ST. LOUIS AND
April gfe
Total &UMUM . . . , .
iurptu
Ten months gros
fetal Interne
out
MAINE (.bVlHAI
An, i' rnui 1858 "
S.t. IW 311
ill -SO Ri Fa, in
ioJJSJ
Wm u&
LMl-aS lff 1
m.m tto.SS
ni
BNTRAL.
Ill w
8 ws.il w.
6718
I
T,
prll gTOM
i
ei
en month gro
GRAIN SUFFERED
SHARP SETBACK
Largo Visible Supply of Wheat
and Frequent Raina Caused
Heavy Selling.
CHICAGO, June L The large visible
supply of wheat In Europe arid the fre
quent rains were the chief factors In a
heavy selling movement which developed
In tho early dealings today. June heal
opened at $1.32, a. two-cent drop from
Saturday's close. July wheat opened at
n. loss and sold as low as tliXM Sep
tember wheat showed the sama falling
off, early selling at (1.17
As the day wore on these declines wera
extended somewhat further all around,
nnd oats also dropped sharply Septem
ber wheat closed at II 17U, niter selling
as low ns L16H, while July dropped to
UIOH and closed at (1.21.
A steady demand for all grains was.
however, noticeable during the morning,
one house buying 70,000 bushels of the
now June crop. Commission houses
proved rendy buyers of July wheat Corn
felt off In sympathy, largely with wheat
and oats
Temperatures over tho corn belt are
unseasonably low and too much rain has
been experienced recently to prove ad
vantagcous
rorclgn markets also showed declines
as a result of satisfactory weather condl
tlons Shipments to the United Kingdom
from India have been liberal and appro
ciabla arrivals are expected.
Europe's visible supply of wheat for
this week Is estimated at 87,704,000 bush
els against 92,952,000 bushels of last week
a decrease of 5,200,000. Last week's de
crcaso was 1,752,000 bushels.
Italy's crop condition is officially re
ported as medium to good. The forecast
Is for a yield over that of last year
Harvest expectations for Northern A"
rlca are excellent
Tho weekly grain shipments from North
America were 6,091,030 bushels of wheal,
of which 1,872,000 bushels went out as
flour, Canadla shipping 1,169,000 bushels,
and nothing from tho Pacific Coast! corn.
1 466,000 bushels, and oats, 4,463,000 bush
els
Leading futures ranged as follona;
Kat'a'a
Wheat Open. Illgn.
June 1 "2
Low. Close, close
, M H4
1.26K 1.21 1.2Mt
July . 1 241 1 24H
Fntembr 1.10 1.10H
1.18V$U.17!i L20H
uorn (new oeuveryj
juno .
July ..
September
Oats
Juno . . .
July
September .
Lard
July ..
Sintember
nibs
July September
Pork
July ..
Sentember
10 02
1815
Hid. fAsked
GENERAL RETRENCHMENT
BY HARVESTER CORPORATION
Business of Europenn Branches Seri
ously Impaired by War.
NEW YORK, Juno 1. A general re
trenchment In all departments of alt Its
foreign business has been inaugurated by
tho International Harvester Corporation,
according to tho annual report of the
board of dlrcctora made public today.
"The outbreak of the European war,"
says the statement, "together with
partial crop fallurrc In western Canada
and unsettled financial conditions In
South America, materially affected the
outlook, and the sates In foreign coun
tries declined 12 per cent, from tho
previous year (1913).
"Many complex nnd difficult problems
confronted the management as a result
of the war The efficiency of the Euro
pean manufacturing and selling organ
isations wns seriously Impaired py reason
of tho number of experienced employes
c-'led to tho colors of their respective
c entries. The company haa adopted a
volley of retrenchment In all departments
of Its foreign business. No appropria
tions for new capital outlay are con
templated "
The report for the year ending De
cember 31, 1911, showed gross Income of
J7,323.!26. a decrease of $3,026,802; net earn
ings, (1,262.693, decrease (2.S92.653, surplus,
(1.162.595, decrease (1.S92.65S; surplus on
hand, (20,011.120, Increase (1,162,5J5.
Tho Income for the year ot the Inter
nationa. Harvester Corporation of New
Jersey was (12,206,227, decrease (1,073,141.
net. (7,463,231, decrease (152.293, surplus,
(3.SC3.23L decrease (152.295; surplus on
hand, (22,972,029, Increase (3,363.231.
LIVE STOCK QUOTATIONS
CHICAGO. June 1. 1IOO B -Receipts. 13 000,
market alow, unchanged. Mixed and butchers.
ST sot'i 0, good heavy. 17 20-T.75. rough
fieavyf I7..0ff7 ).", tight, 17.3387.83. plga, M
7.40. bulk. 17 e3tl7.S0. , . . .
CATTLE. llecelnts, 1000: market atesd
SHDEP. Receipts, 7000. market strong
Native and Western. 16 SOflTRO, lambs, 7.S0
O 00. spring lambs. 87.50ffU 50
GOLD FltOM CANADA
NEW YORK, June 1. Four gold consign
mints of J2.r0o,000 ea.cn. Imported from Can.
3 at the end of laat veek. today war. de
raslted by J. P. Morgan A Co. The metal
S??llZl-V,toJ'iii ri.nl? of Knaland out ot Its
depository at Ottawa, Total cold engaged for
tmnnrt on the movement am
line January 1
amount to (78,343,000.
BAR SILVER
NEW YORK, June l.-Commerclel bar silver
wis quoted it 40H cents. la London the price
waa 2SH pence
War Time Investments
During periods of uncer
tainty many investors wish
to keep their funds liquid
and at the same time take
full advantage of the attrac
tive income returns from
sound securities unusual con
ditions made possible. Be
cause of this attitude on the
part of investors many of
the strongest corporations
have issued short-time notes
which are thoroughly safe
guarded, do not fluctuate
appreciably in price and
yield from 5 to 7. A
number of short-time notes
of this kind are described
in our Circular No. 226 which
will be sent on request.
William P. Donbriglit & Co., lac.
M0RRI8 W, STROUD, Jr.
Manager
111 CHESTNUT 8TREBT
Fhlladelpbl '
New Toric Beaton Detroit
LenJeoi William p Boabrlgbt C
Farlsi Usnbrlght & Ca.
gl-BCLlL MBBTIHO
J
A SPECIAL HMBT1M4. Br
ificiuiiira or tfea noma ltd n ta i.
Mfg. Cka. will be hW at the sdU u ir
Smuu, Jtttl BqIIu St., FhU.., P., ,.
gESIarr Jan 7. un, i u p, m v "
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10 15 10.13 10 02 10 02 10.2U
10 fit 10 R.1 10R7 tin RT f IO B7
10 02 10 02 10 83 710 87
18 03 18 00 18 00 18 02
18 45 18 00 18 00 18.3S
fWS'-hi,
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luafectloner1 . 0 0c , aoft grads 5 15a
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