rinfAM iArn?in
uwuun i rtvii v
DOWNWARD TURN
jfg Aggregating $800,000 of
few York City Bonds Made
si Curb.
YOItK, .tuna 29.-Opernllons on
toctc Bxchnnge In the early hours
Were iftj' ":vuuhun ut jw
There was a marked hesitation
oiind, and several reasons could bo
ed tor Wis siaie 01 auairs. ore
of the causes was. probably, the
iltne in tho foreign exchange market.
w pctriff very niuu ucniniiu mr re
5nCo, and tho fears of liquidation
K .L..t .a. att-ancrHiAti Nila, TUma
JHrT.nother decline In francs to another
wmfiovt fecort1-
SwHotner reuauii iui iiuiuiub oil in ino
racing wnS t,le uncertainty as to the
s-s, at wnicn tnc now u,wv,uuu city
Ma nould be sold In the afternoon.
Krtega things combined to make trading
Ifitllgnt. or ino ursi nour prices
Malrly wc" Touncl the opening level,
Sfeadershlp of Canadian PacMc, which
esfee wenk, declining 1. points before
td.y tc the lowest point it lias ovtr
;.-.. n 1ft nar cant, dividend tinsln.
8 Site against this Btock was very
-JW resulting uuill iiuiii iiiu uiuuvui"
M-howIng made by the May earnings
4rjWim llduldatlon by European holders,
Iftiing ald that thcre wns qu"8 n
-.mount 01 hub BcuiiiB iuu.
' market was distinctly weak around
if but It could not bo sold thai
ffflure was pronounced with the. excop
Wot Canadian-Pacific, and recessions
Ills' due more to tho absence of demand
Wfl?nv mcrcaso In supply. In tho enrly
fefaf Hin afternoon moderate recoveries
& noted all through the list, but this
wJi-cd. Canadian Pacific, after a. good
WmSf. dropped to another new low point,
4t pOiniB ueiu uis iiuu, ui Jfcaici-
IAtyl Home iBBuea, ituiuuij v.uwi riuu
jcif General Motors and a few other
. . . i.Ul. -.I nnsnit ntfanrrlli Tlint-
minor speciiuiico on;u n..si ,B.. ...i
ffjb0UBht mostly by room traders and
'isifepreseniaiives ui ycv;uiuiivu uuuis.
Wilding was added to tho very weak,
Wm-. selline down over 2 polhts. Tho
Btloja was weak. Canadian Pacific rallied
Win Ino low, uui dhucu it. iuoa ui muia
Osn, points for the day. All Interest
win th day centred In the offering of
hjjjnew city bonds, which sold on tho
S4tU. Sales In that market aggregated
m,f).
fforward sales of bonds were larger to
Mthan for aomo days past, and It was
thoMht that they would Increaso from
ttTlo day unless something definite was
(Mil ''done to place foreign exchange
7lback on a normal or near normal
Ifili. Bankers hero aro holding to the
H5i policy of letting the bankers
ibroad take tho Initiative In making
wlltever arrangements are neceteary.
Wf
mNew York Bond Sales
IIlKh. Low. Close,
(lOOOAm Cot Oil 4Hs 10OH
'JW Am Hldo & Lea 7a.
Wfl do Us
1000 Am Smelt Sec Us . .
WWO Am Tel cvt Uta.. ..
!W Aro Writ Paper Bs.
swy Ann Ar&or
Atcnisoa aai w
1U.-.5. . ,
do iv 4
DOU
108U0 do cv -Is 1UUO 10015 lOOji
.117
.102
.105W
.101
. B3
. ftU
Ul
100
ill
102
103J4
50
82
1000 Atch & K Okla 4b ... al
ItOOAtch Trans S t, 4s... BOH
10M Atlan Co I.lne 1st 4s W
3M0 Bolt & Ohio 3Hs... . 00U
am do 4s 87Vi
fMW dp cv 4Mb R(iU
:tm do Snn :iV,s 87A
KMO Deth Steel lBt 6 ldOM 100
buco Detn steel rra os ... iv
MO UtDDk K T 5 '18 1110 100
l!0 liroolc Un Elev 1st 5s. 100 100
law cent i.eain l.it as. . . vu in
WCtnt Pae 1st 4b 83 R6'
Ches & Ub cv 4'ti 7i t:
CIwj Oh 4V4s M 84
0.1
881.
80
Uliea & Ohio 3s Km;
fVDM Chi & East 111 4s . . 117H
ramu Lhi s: East in ss . . mVi
mtiw aa ui . . if
IKWChl at West 4 07
MOOChl & Nwn 34s BOW
EOUlLhl it Nwn Ken 4b. .. V.IU
EWOO Chi II ft Q joint 4s .. 0.1
BW) Chi II & q gun 4s .... hi
lnaa chi n a o in .iuh kiu
ItM C M & at P cv Bs rct.103
IMO CMJcS P DiV 4s . . 88
pom c M & st p c as
lOOi
117
102
KISW
101,
0(1
of4
8(IW
DOIJ
00
87M
8(1
87'4
10O
,&
10O
100
tl
80
72 S
l
117 lUf,
07
Oil
07
tOH
0SV4
01
Kl'i
101
t.O',4
1J0OU C M & St P nv 4Us
1WU.U M & HI f gen 4'As. lisiii 100
.1UT J-74
ffl iftlK
07
1M1
B7
80Vi
0.1 u
8i
8.IV4
103
80U
1024
II
?
OVi
lonH
5(l rhl Mil P s .'
iWXI C Bt P M & O deb Ss.lOOJi 100S
mi loi c south ret -.Vjs . --.
ltfO Corn Prnrt .1x 1fm 1)2U B2M,
; Cumberland T41 5s . . 00H
U( & Hud rrl 4s .. vi v
lOtaiDel & Hud En 4V4s . 02H 02&
emo l)An a niv n. T.r.1 km.. 4t 44
wi Detroit united 4',is
uia pecur uorp os .
W Du Pont Powd 4Ms
10U) Krla ini 1.
BSOOO Erio Tat con 4s
BKOO Ovn FJpr. dh Ba. .
rau nous & Tex sen 4a. . . . 1.
flscoa Ins Cop cv (la IT
HAM Tnla.t. XTe Alia .71
figMInterb R T ref Bs.. . 0:
ma Inter Mer Mar 4Kb . . n
I WlO Inrt Ste.l Ha 100U 100W 1001
iuaa .- -. .1- ftir TiHr tit.
.4V jimn new uer ma na , iw , J7A
1K0 Lacka Steel Bs 1023. . . OHi vM
iiMj mesa steel Bs 1000. . r-n t-"t
WO Laclede Gas 1st Bs. .1011 J lOl'l
mi Lie Sh Heh 4 tail.. . Oil 80 U
MOO IJir .6 M T Bo 100-14 lOO-Ti
TO4.ouls K Nsih 4s 01W 01
ftjOOMo Pae cv 8s .'.'.'. . M 3S
iMiu Ji r Air uraKe cvt hs. ui i'".
MOON T Canal I 4b 'aJ.lOIW 10JH 1WV4
w ;, i u u a .ins . .
100
07H
1"IIW
103
1311
07
KV,
.ooji
ntij
3SVENING LEDGER-PHILADELPHIA TUESDAY, JUKE 29, 1015.
WSR
New York Stock Sales
AI..V, n.M x.,-..Ui clA' Jh
A..:nl..riVJ"e5, ? as
XmnS ,.' ZH
Am Drake s A p't'c!'. im'
Arnli.sM.i.i . . " '
a sr: -w. )H
Ahl Can nrof
AmCaf ft Foundry..,
45)(
17!
4()W
105
70'i
40!t
Low, Close.
37M 37(
10'f
48H
105
745i
Wi
10!(
4SH
105
74U
4CH
i28KlW'M!!-' . m
100!f lOUf 100U 101!(
Am Hide & Leather...
nmiiiae& lipref....
Am Ice fltwnthlne
Am Linseed pref. ...
7
34!f
20U
29W
08
80U
Am Locomotive.....,, gijf
'"uiv-vuioiive preii
Am Smelt & lief ..
Am Smelt Kef pf
Am8tcel Foundries.
Am Sugar Henneries
AmTcl&Tel .. ...
Anaconda Copper. .
AssM-t 11e!tll9(UM
Atchison T ft S F
7
3Sf.
20J
293
fit
08
S0!i
lOO'f 107'
40 38i
55
112
OH
3i!
205
20
49
BS,
107
3SH
55
1133
7
34)
20),
20
49? i
98
70
107
38Ji
P N Y C L, S col 3H rg. 81
ISOM N V C TI 1U . 711
W N Y C & Hud 6s rct.,ip.HS 102"
H QD 4S ... i . ). ...... POfl o9
PM do 4Ul .. , 88 R
WHY City 4s 1057 0W V
12S l y City 4s 1050 . . . IWH 01;
WO K Y nty 414a 1060 10W, t8'
jwi n y city 4i4s iuo4.... van w
SKV City 4'?s Nov '17.1COV4 JfOJ
MSS y n H it ii ,. .m np-
lf(a M V rVn. Xr V ,.n is. 76 76
jaNVOni W la ... T7 JJ,
,mm!i i uwy rer a ii
H9M N Y Rwy ad Ba .... B2 82'
M1IIV H,.. ill. :"l04ti 104'
IIS H T Tel gen 4 Hs . . , . .I'M W
S non a west focn is, . "
Nor Pae prior 4. 00 80'
jvor rac gen oa ,. "7
On Pnw fta 04H 04'
kS3 P""1 v 8w 100Jt !S2
jjwrenna ci 4a ,,,,jLit j.w
renna gen ct 4fta ,
Penna Ivia 1021 ..100-
naadlng sen 4s....... 02U
Hepub Cuba Ba '11.... 02U
Hep Ir & a Bs MM
Rio O & W clt 4a.... gOH
Itock Island 4a 83U
Reck Island rfd 4a..,. 63
Rock Island Ss 42Vi
IBt 1, 1 M B 4a ,,,, 2
iKIiIHill Ba uuj
IBt V & U F 4s... .,..."iH
IBt raul M & M 4H'124
Ban A & Aran P 1 4 15,
I Seaboard A ! adj Ba. 6SVJ
asacoara A u eta 4a., 103
P K!
; obi?
,3 83i
ti 62ll
82Vf
81W
81i
81H
WW
I Routh Rell
I South Pac 4a
oo cv 4a .. ........
OO CV ret tlM '04. "
do rfd 4a J ,
do Trm Ba 70 70U
S4kASAtllh llwv van 4s . 64 64
fes ct 6a ... .. BflH
i-.mra avu new a., ...g"j ,sa
uo 1st ad . .. ....iw"7H lw,,75
I B nihhir 8 .'. . ..102 102W
U B Steel Bg ipt',4 lniM
do ren Ba 102 102,
Union Pae 1st 4a. ... SJH 5'
do cv 4a. . . . "M "1
do ?M 4. .... 80V4 86
) Un nwya 8 4s ... H 42
JJ'a 6a Drown Broa . 61 M
Va Rwy Ba .... 05. 05
IWab'a.Vlat Ba..!... .100M JOOW
ao 2d as : vs"
I Wal. b, rl (a 4a. . 1SW 18
IWsb-P Tr 1st ct 4s. 3VS . VA
kWat Elo Ba . .lOtH J"
.west jnp M cv oa t
Wast 8hr 4i,, .. gM gK
in ion ta . . ut7i --r
o 44 AAA rt,Tvai.H with I1.840 -
ktriMv tts.i. fan- this week. SS.VOi.yOO;
frto4 laat wk. JJ.5JT.000.
IS
lei
(ttV
OIK
i?r Financial News on
Page U
DIVIDENDS. L
RCE OF THE cTh. OKI8T COMPANY.
PhlUd.lphls. Pa.. Juaa ,'.1?,15 ,
p uirsciura i itaaoxe una -
thava tint (y dcclarad a r.?ultL?Uvi
viueaa qi ia swi wiw ? ?' -r-
Insu m7u m?i m-;;
ia 123H 123!f 1231
30i 3C 35! 30
7). 8 7H 8
101 101 100M 100K
iiiterTi s - . W. 9 m
inawinLoco. ....... cm. fint
ualtlmoro AOhlo . . 774 771
Dank of Commerce. . . 1R3 100
Bethlehem Steel 170H 170
Uutte & Superior.... 71U 711J
Cat Petroleum ...... 1$ !
Cat 1'ctrolcum pf. ... 37 35U
Canadian Pacific . . . UdH 140
Cent Leather Co . . 4(ji 4i)j
Chcsapeako ft Ohio . . 30
Chlno Copper 4r,if
05)4
70
100
168
88
70)1
14)(
3.-.J.
WH
01
1GJS
Chtcaeo at West m
unicaeo 01 west pr .
Chic Mill ft bt Paul.
chi n 1 & p ..
Oluett Pea 4 Co pf .
Col tuel ft Iron. . .
Col ft Midland pf . .
Continental Can . . .
Consolidated Qas . . .
Corn Products Hcf . . .
Cruclhln Htwl
Crucible Steel pf 88J
102K m
32 mi
53
08 07
120)4 127
15 14!
20 31!f
05
70
100
100
88
70$
llli
.Tr,W
141M 143
dra Ann
103W io3. law
rfa, 38 3SM
45i
1U
20J
00l
15
103
30!1
53
07
127
14!
30
80
87
20
421
mi
in.
30
1)0),-
10J.
DON
8S!
20J
421
8'
45)4.
1U
29JJ
90!
15).
103
30f
53
07
127
14).
31
80'f
87
20
421
Cuban-Am. Sugar .... 80
Distillers' Securities . . 205
Del., Lack, ft West . 423
Den. ft Hlo Orando . bVi
Den ft Htn n nf . tut
Detroit FMLnn iir.u iir.w 11c
Dome Minos 18M la lb),
gf'e 20H 20H 20'f
Etla 1st pf 41H 41 40)i
Ooneral Klectrlo 171 171i 10U)i
General Motors 155M 150 if..'.
General Motors pf ... 102X 102!f 102K 10.2H
Goodrich, U. F., Co. 51H 55). 53! 5tW
Ooodrlch, D.F.Co. pf 102 102 101H 101K
Mi
9
115
18'
20U
40M
109H
150
llO.U 119!. 118JJ 118),
30
Ot'i
8
22)1
3C).
om
0
22M
75)1
31H
35).
03
0
22K
75M
31
35)
0)H
0
22)(
75,4
31
Great Northern nf .
GtN.cfs. for oro prop
Guegcnhelm Eipl'n...
Inter Agriculture ....
lntsr.Mft nt f a
Intcr-Met pf 75K
InsDlratlon Conrwr .. .Tl'f
Kings CO E K ft P. 121H 124W 124M 121
LackStcel 44 40 45M 45H
Lehigh Valley 143U 143)4 14JH 142)4
Loosc-Wlles Biscuit.. 18). 10 19 19
Manhattan El gtd . . . 120 120 120 120
Maxwell Motors 40)1
Max Motors 1st pf . . . 85
Max Motors 2d pf... ,1.)U
May Dent Stores 39
Mexican Petroleum... 74U
Mo Kan ft Texas.,.. 10U
Mo Kan ft T pf . . . 2S
Missouri Pacific Hi
Miami Copper 20H
Montana Power pf... 10J
Nat G ft S pf 100
Nat Enamel ft 8 18
Nat Enam ft S pf... 85
Nat Lead 05
Nevada Con Cop 15
New York Air lirako. 03
New York Central... 89
N Y N II & II 64H
N Y CM ft St L.... 31M
N Y O ft West 3U
41
80
Mi
39
74X
10H
27JS
7M
20V.
102
85
03H
15
01)4
89
05)1
30
28
Northern Pacific!.'.'... 107H 107
Ontario SU M 3)1
Pacific Mall 341
Penn 11 II 100
Pittsburgh Coal 22M
Pittsburgh Coal pf... 93H
Pressed steel Car 48H
40if
85)1
30
39
73M
9H
20M
0'1
23J.
lfH
10 IX 104)1 10i)
18H 17M 17i
8j
03)1
14)1
ma
87J1
OlM
30
28
100M 107
311 3)1
.it nn
100)1 105)1 105J1
23)1 231 Mii
01 91
47H 4751
40)1
85)1
30)1
39
74
9
27H
7)1
20
102
83
031
li'-i
0'))i
87)1
01)j
30
23
31
33W
04Ji
48
rieweu owki ui..... ion -to -.,. -,.
Hay Con Copper 24i 24M 24 24
Heading 140M 149)1 147)i 147M
ReD Iron ft Steel 29)1 29)1
Rock Island Co pf... Jl )1
Rumley M Co 4)1 4H
fat Louis ft S F 7)1 0)1
St L ft S K 2d pf... 7J1 7)1
Seaboard Air L pf.... 35M 30
Southern Pacific 88)1 88)1
Southern Ry 16H 10)i
Southern Ry pf 52)i 52)1
Standard Milling 64 54
Studcbaker Co 79)1 70)1
Tenn Copper 37J1 38
Third Avenue 63J1 53H
T-in City It T 04H 04H
Union Dag ft Paper.. 5M 5)4
Underwood Type 03 03
Union Pacific 123 128
Union Pacific pf 81 80)1
U 8 Ind Alcohol 58)1 50J1
U S Cast I P ft F... 14 13rt
United Itys Invest.... 17 17
II B Rubber 501 50H
II S Steel 00J1 01
29)1
)1
AH
0)1
0)1
30
8731
15)1
52H
54
70)1
37
53
0JJ1
6)1
03
127)1
80 Jl
50)1
13H
17
4KK
00)1
!9)1
H
4
0M
0)1
30
87J1
10
52M
64
78
37
53M
9J)1
5)1
03
127)1
o0i
50)1
13H
17
50)1
00)1
40
01
00)1
100
131
3 HI
40 40
04 04
fcOH 0031
09 09) i
128H 128H
31)1 31V5
1U3H
u a steel uuj 01 uvi wi
U S Steel pf 109J 10BM 100J4 1JM
IH.h fnnnnr 68)1 09H 07)1 07)1
v,.r.,n i.hn nf.... 98 100 99 100
V Irnn Toll ft C... 40
Wells Fargo Exp 94)1
Western Union Tel... 07
Westing K ft M 100
Willis Overland .... 130
...i.J I- fanlrlt . . . .19
Woolw'h F W Co 1U4M U331 Ul
Total sales. 323,000 shares, compared with
STlTlM) .tares jesterday. thus , far this neok
604,100 ahares, tamo period last week, 8Ul,lov
shares.
THE FARMERS' AND
MECHANICS'
NATIONAL BANK
OF PHILADELPHIA
Organised 1807
Statement of condition June 23, 1915.
RESOURCES
Loans and Investments.$12,317,728.68
United States Bonds... .509,364.53
Due from Banks iffiSof
Cash and Reserve 4,992,11'i.a
S19.928.096.59
LIABILITIES
r,nitil $2,000,000.00
Capital V.ViAr,;; 1 164 092.85
iiurpius anu .. ,'9Bonf)0 00
SmifM::::::::::: iSSSSSSSSS
19,928,096.59
OFFICERS
HOWABD W. LEWIS. President.
.rw OTOTESnUliy LEWIS. Cashier.
EDW. ST" o ii JI1MBTT, Asst. Cashier,
JOHN BCHLAOLE. Asst. Cashier.
DIRECTORS
HOWARD W. LEWIS
CEFNTwnOLD
QEOROB L- FAnNUM
? lhAVNKPLACNKFADDEH
Q CO! ESDEIUIV PUKVE3
JAMEC 0ROSBT BROWN
J BERTRAM LIPPINCOTT
raH.InT'oHUTCHlNSON
CHARLES H'LUOINGTON
HEAVY LIQUIDATION
IN LAKE SUPERIOR
Quotation Again Fell Sharply.
Baldwin Locomotive Also
Subjected to Pressure.
Liquidation of Loke Superior shares
wnrf nghln the feature of the trading on
the Philadelphia Stock Exchange today,
the quotation slumping below 7, compared
with & nt last night's close. Tho low
record for 1915 was S, Selling was again
aid to be for foreign account, but soma
local stop-loss orders were also caught.
U will be recalled that only recently
quite , a speculntlvo following developol
In the stock based upon greatly cxng
gcinted rumors of war orders. These np
pear to liavo so far been comparatively
small, although It Is taken for granted
the company will obtain an Increasing
share In the future. It, therefore, only
required something In the nature of tho
Algoma Terminal receivership to pre
cipitate a selling movement In a stock,
the technical market position of which
wns rather weak
Baldwin Locomotive was another de
pressed Issue, falling more than a point,
although offerings were chiefly confined
tq odd lots The remainder of the market
ruloj steady, with fractional advances In
American On. Cramp Shipbuilding and
Tonopoh Belmont. Cramps subsequently
reactod over a point, nnd Electric Storage
llnttcry also eased off
In the bond division quite brisk trading
developed, especially In Pennsylvania
t',43 Spanish-American Iron 6s moved
up n dollai nnd Heading 4s cre also In
demand, as wcri Philadelphia Klectrlo ts
and the various I.clilRli Valley Issues.
With tho b!g July disbursements to bo
Invested, bond dealers look for a mod
erate boom In their business during the
next two weeks They are nwoltlng the
result of tho New York City bond offer
ing with Interest, and predictions were
made this morning that the Issue, despite
Its size, would bo oversubscribed.
NEW YORK COFFEE MARKET
NEW YORK. Juno 20 -The coffee market
opened Rtronf with prices ehowtns- from a to 5
points Uutln? the day trading became stag
nant, the market lOBlnr all Its enrly pains nnd
nt tho clise wns practically unchanged. Prices
follow.
Today's Today's Yesterday's
Opening. Close. C)of
April unfa nnsniitio (UiMnco
Muy 7 0307 OS 7Cfl7.04 l.WJ l!
11
Juno . ..
August. .
September .
October . . .
Jlet ember .
January . .
rvtruary .
March . ...
Hid
Total lc 1000 bogs
nt
R.14O0 R(l 0 8'
. n.7.tfl(lR2 0.7700.78 0 71
(1 MHU.UU
tlXmUSR n,K!fl0.M 0 8.10(181
11 81U0 tO 0 RftWfl.RB n srvSfl 1
ast nontrnn ivini)i
.o3ja.os oo.ieo.oi ooa'aaos
FORD MELON POSTPONED
It Is understood that, rather than Incorporate
In another State than Michigan, the Ford
Motor Company will delay for two years pay
ment of Its stock dlMoend and an Increase of
Its capital from $2,000,000 to l50.000.tOO.
Tho directors had decided to make the In
creaso In capital stocx and to pay a stock
dIMdend of Jll9.00O.C0O. It was dliKMered that
Michigan lans provide that no company In
corporated under Its statutes shall have a
capital In excess of J25.ooo.ono. so the com
pany has determined to wait until leglslatlto
action empowers It to carry out Its proposed
plan.
BAR SILVER
NEW YORK, June 20. The price of com
mercial bar sller today was 4S with MexUan
dollars at 37 ccnta
Corn
Exchange National
Bank
Philadelphia
June 23, 1915.
RESOURCES
Loans & Investments.$19,098,139.41
Due from Banks 4,049,795.93
Clearing House Ex-
changes 891,489.20
Cash and Reserve.. j2'8E?'iil02
$30,932,226.56
LIABILITIES
Capital $1,000,000.00
Surplus and Net
Profits (Earned)... 2,057,163.74
Circulation 90,000.00
Deposits 27,785,062.82
$30,932,226.56
NEWTON W. CORSON,
Cashier.
LUZERNE COUNTY GAS
& ELECTRIC CO.
First Mortgage Refunding and
Improvement 5 Gold
BONDS
Free of Penniylvania State Tax
Company pay normal Federal
Income Tax
A first mortgage subject to
underlying liens of less than
2 of the outstanding issue.
Properties in Pennsylvania
Franchises Perpetual
Price 9Syi and interett.
Yielding about Sytfo
Send for particulars
William P. Bonbright & Co., Inc.
MORRIS WISTAR STROUD, Jr.
' Manager
437 CHESTNUT STREET
s?tilladelpbli
v. Vork Boston Detroit
KndonV William F. Bonbright Co.
l-arlsl Bonbright & Co.
Sales in Philadelphia
High
ii
r.nv. ,13
102U 10SU
w (
o6i
... i T close.
101 Am Oss i,loo
03' Hald lx)CO .... C6T4
7v uo jirei . n4
) unit e h i c .
M Col KuM ,. ,,.
.40 Con Trc N J
i01 Klec Stof ....
in nrln . .... ..
10 Oen Aerh .. ...
. Ins Co N Am
8117 Iatks Sup Corp.
207 Lrhjlkh Sav ....
.1 lhifh Valley...
"10 Mo Ft Teit.,.
00 Penna rutlnviil.
no renns Bait Mf sn
I'hlU Co .... 3.1
3 an cum pref
141 Phlln I31oo .,
m p n T tr ctfs
5o neadlnn ....
100 llock Island, ,
2ll Tonopah llel
110 Tnlrtrmh Mln
rr, fnlon Traction.. S.1
. I In Corf N1 J
1?0 l? S Steel . .
II 11 H llubbrr ,
121 Cramps Sons,
rx-dlildend,
. To'al sales. lS.Rlt shares, compared with
l(l.nin shares S'esterday, thus far this wsak,
10.410 shares, some period last week, 41.7.1H
shares.
CONDS,
Last (.rev.
,, , . , . e. lllRh. txiw. close.
2100 Am O A EI ."is. . M'i ak BW. 8(1U
i( 1 .M I nt ... . ,r.a 4m. ,.- . r.. -
.a. A . ..... ' ... JW'
iiti is at sc .May ii . ii, UT'
u ao trl mi,. . iiTa, mi
SOC0 i:i A 1'eo Tr 4s 7.M4 7.1
a ' " enns 4ts in,-, nni
iiuw I, V c i.mi.1 4VliS H-1
in-'O I.h VI Tr ror .Vs M.
10CO l' en 4Us 1 10
Maw 6n sen i'i t , not
TOW Phlln Co ron s 7n.
2(' iio let Ss on
CT do mis ... .m
!Mon Phlln Ulec 4s.. 70
mo do rs . . lopy
l.VXV! Hamlin aen 4s Pi
SO0O Span-Am I Os .101
Totnl sales, P3,Bnt. comosred with $44 0H
ysterdyy thus far this neek, $117,032 same
period Inst eek, $170 000.
101
loak
i.i n n 13
nil, .11', am
72 n 72 72
S2H M R2 52
2m 2mt :u
.11 Mil 32U 35
2Ji, 22f 221 2(
SJ4 ' BIS-18 7S
7SH 7M4 7.1 7
7.1 71W 7114 7Hi
,. 10 101t 10V
Km mil si mi
m 8114 so
3R 31 38
30H 40 40 40
2.1 23H 21 2.1J,
! sk H sw
T! 71 74',. 74'?,
ld'i lS'-4 1S
4 4',, 4',. 4',.
?," .i a!'" al
W S3 .11 3.1
2T1 2J14 251i 22ti
00t, 61 , 004 60H
, 4iH 4lijt 4iJ,
6t 01H N)? 60,
ivi lrj
074 07S
07H UTS
"i no's pnu
n')) prv. pii
Wi S7t xid
ini' laiij Kelt
71( 781 7u
no no no
m p.1 m
70 70 70
101 101 101
02 2 02
102 102 102
Ustinl July Cut In Coal Prices
The Philadelphia nnd Iteadlna- Coal nnd Iron
Company has lsurd Its circular of wholp.cln
rPr, "" ....,',S1.,n,. 'L-'"!' ! J''.t.n-onth
will l,c ailoed from the list prices -.uoted for
de-lher nt Port Illchirond and .ew Vork
""""" '. .-. ""!n .u - Minif,o iiu'ii int price)
that prevailed In July. 10H.
Local Sid and Asked
Today's ,
.,. , Mid. Asked.
Ilaldwln bs njw
Buff A 3us t c 12H 13V?
gdo pref, silt 3S)'
am fetW 48 40
lee Ptorsss , ril4 B2H
Orn Asphalt 32 32ll
, do rref ,.,,., f!i to
key Tel iai ntt
do t e ...,.,.,. I3g n3
do net of' 07(?
Lake Sup Corp (l',( 7
I.ehlnh Vav ..... . , 74 7,iU
LehlKli alloy 71 7t
1-ehlsh Valley Tr .... li?4 U
do pref ,. 284 20
fennsyUanla ., 81, Mil
I'hlla Klec 21 2.1
ThllaCo 341, .15
do 8 per cent pref... .12 S3
do 0per cent pref. . . SOU 40'4
runs ri t . ...: 8j o
nmdlna: ?3H 71?.
Ton Hl 4 4tl
Toh Mining 7(4 vi
Union Traction S3 xh(L
v B Fteel noil oou
Wm Cramp t c IKH oo
Testerday'a
Bid. Askel.
5H .T
4 10.1
102
n
3D'
4:
B:
32'
on
13
to
B3
32
30
4
4'
1 3H
40
40
33
1
11
C7
9
20
.in,
?o
II
n
Witt 01
DIM
COTTON
NEW YOltK, June 29. Trading In cot
ton Bin more active this morning, with
the tone firm nnd the Initial price three
to eight points higher Wall street house
were good buyers, nnd traders took some
of the rtnpte. Sales of tho spot article
at Liverpool nere again large. Practically
all the news favored the bulla.
Further gnlnt were made as the day
progressed, prices ranging from 9 to 13
points above Monday close, but the rise
was not maintained and the market closed
practically unchanged
Yea close. Open, lllsh. Low. Cloa
January .10 oi fo.ll 10 10 in on 10 "d
March 1010 10.40 10.40 10 11 1011
July P. 10 1132 0.40 0 12 0 12
October . . 0.25 0.78 0 81 0.7.1 0 7.1
December ..0 88 10 04 1011 0.09 P. 00
Rpot 0.00
Week's Trade Balance $9,049,565
WASHINGTON. June 20 The balnnco of
trade In Ion or of the United States during the
week ended Juno 20. nan tn.0in.S61 Exports
wfre $10 044,204. while Imports aearesated
HI 804.1110. reports of cotton totaled ft 017
rates, msKinir a total since Auirust i or a,z;i,
W Thin ctatement was Issued today by the
Department of Commerce, based on flgurcs
from 13 principal customs districts.
REPORT OF
The Pennsylvania Company
for Insurances on Lives and Oranting Annuities
Trust and Safe Deposit Company
517 Chestnut Street
Broad Street Office, Chestnut and Juniper Streets
At the closo of business June 23d, 1915.
RESOURCES
Cash on hand nnd In bank Jfl.2Gl.16S.E9
Call locinB upon collateral 14,201,917.67
Tlmo loans upon collateral 3,242,722.05
INVESTMENT SECimiTIES OWNED, VIZ:
Stockn, honds, etc $3,168,490.20
Mortgages 1,646,128.69 4,714.618.79
Ilcaerve Fund for the Protection of "Cash Balances In Trust Ac
counts" 6,486,062.62
Ileal estate, furniture nnd fixtures 933,236.00
Interest accrued , ?55','i
Miscellaneous assets 106,026,00
Total $36,320,946.76
LIABILITIES
capital stock 52222S2-22
Surplus fund 222-222-22
Undivided profits, less expenses nnd taxes paid 895,743.46
DEPOSITS: ... . ... ,,
Subject to check I87.88B.8I8.U ., . .
Speclnl 1,403,668.08 ..9,289,636.1't
Interest paynble insiHa
Miscellaneous liabilities ,.... 10,814.76
Total $36,320,946.76
TRUST DEPARTMENT
Individual Trusts, held as Executor, Administrator. Trustee,
Guardian. Committee, Attorney, etc. ' ,
Investments (par value) 198,205,569.67
Amount for Investment )
not for " 4,214,669.87
Income Awaltlns Distribution )
Total $202,420,239.44
Corporate Trusts. Total Amount of Bonds of Corporations Be- -
cured by Mortgages or Other Collateral 230,anM3-l.n
Total Amount of Securities Held as Collateral Under Corporate
Deeds of Trust hop.iw.07B.13
C. S. W. PACKARD, C. S. NEWHALL,
President Treasurer
rhff--saisiaigiiira.g.ra-ras
'J-jg-gl June 23, 1915.
GJOSRPII IVAYN'B. Jlta, FTenldeni.
VB&RTRITQ EVAN nANDOLPH. VIce-Prelden.
S--Seac&Si T B- WIEDEIISIIEISI.
M VlceaPrealdent.
aWllOJWla CHAHLES M. ASHTON. Cn.hler.
Bs mmmm A.LFHED HAIIHATT,
HH Assistant Cnshler
DIRECTORS
FRANCIS n. HEEVE8, Chairman of the Hoard
Daniel naujli Wrn. WewboU Ely George D.Hosenw.rtrn
flrorYe E Ilartol Morris L. ClolWer Joseph Woxrie Jr.
Rodman E Cr'scom John Oribbel Eyan Randolph
"luSmn Rhode. George McFadden Morris II. Bocklu,
V. Frederick Snyder 1-VancU II. Keeres. Jr. Arthur V.Morton
Itobert Toland Wm. W. Frailer. Jr. Wm. Jay Turner
Statement of condition at the close of business June 23, 1915.
RESOURCES
Loans and Investment ffilSHl
Due from Bank. ?'5S!'?f IMS
Exchange for Clearing House 1,685,188.89
Cash and Reserve . . . 10,704,749.63
$55,948,085.66
LIABILITIES
Capital $2,000,000.00
Surplus and Net Profits 4,612,294.50
emulation S-8K-S2?S2
Deposits '. . 48,251,791.16
$55948,085.66
FJpp g? tr-asasHSHSEsasiisasHSiisasssHSEsab d
The Bank of North America
a- - ui,aalnhla. Juna 23. 191S.
Resources .ii80 3i3,06
Loans, and Dswunta......n'."'';,Ji''w
3ie from Banka ftna . 5lfJSS
;!Tn And llssarve 31i'nSarSS
ir""" VT- iiiia.i Rtataa w.w
'irwuuts, w. w.--
Total
Philadelphia. June 23. 1916.
Liabilities
lu?pl s ' an d 'titldivided
ProttS
Circulation
Deposits
Total
11,000,000.00
2.530.J94.B0
5J,M.00
. 15.333,891.12
S19.3f4.185.62
S. D, JORDAN, Caihier
. $1964,185.62
C&ajl JLaMni
Philadelphia. Pa.. June 23, 1915.
DIHEOTOKS
Charles U. Smith
H.urr W. BiddU
(bsrlcs Wheeler
WUUua X, Elliott-
T. Wis tar Browa
Oeorie Uurnhun, Jr.
Kllllam Wood
John J'ltCaOru
RESOUnOBS
Loana and JnveBtr9flts...W,713,i-.B,
JSir '0r....,ea.r.'B-8 ,0M.M
a&T...B.L 1.MJ.TM.0O
Cash and Reserve 5.W7.783.3S
Charles E. lagersoU
A. A. Jackson
Kamuel U. Curwca
Clarence M. Urown
9ZtJg12fil9
1LLIAM T- ELLIOTT. Viulittt
WILLIAM POST. CwtUr.
MABIUTIES
Capita y-A-Jr.W'ti ','OWW!0a
8urpWs and Undivided .,,
Prqflta (earned) ....... S-H"
Deposits ............. .?. '
H4IS.B140
WILLIAM Y. CONRAD. aUsUCashUr.
AMT8IM M. J0NBS, M Ami. Cwal.r
IRREGULAR TONE
TO GRAIN PRICES
Adverse Weather Reports and
Increased Foreign Inquiries
Stiffening Factors.
CHICAGO. June .-Conslderftble firm,
ness was shown at the opening of the
market today, due to adverse weather re
ports from the Southwest and a. growing
foreign demand. July wheat sold at tho
start for U.07, 1H In advance of yester
day's closing. Bales were few but steady.
September, which closed at J1.03K yester
day, opened at $1 01, with n. Arm under
tone. December opened nt 11.064. It
closed yesterday at 11.08.
In the afternoon offerings grow larger
and prices receded nil around September,
falling a. cent or moro under last night.
Corn and oats, while not showing the
early advances, wheat were firm nml
steady for a time, but eased off lator.
The strength of wheat has Caused some
apprehension among tho July shorts. In
somo sources It was said they would be
sqiieeMd hard. Bulls wer JnWanl wt
predicted further advances,
The decrease of the VIslbJe wheaLMSp
ply for last week, according t$ Bral
street's, was B5M.00O bushels; thl weelt'J
5,049,000 bushels Last year the deereasa
was s.635,000 bushels
Corn showed a decrease of 8,030,000 bush
el and oats 2,21,000 bushels.
Exports from seaboard reported today
were 350,000 bushels bid, 100,000 bushels
new wheat nnd 1.EO5.C00 bushels of eats.
It Is feared that some nuartefi do'-hoj;
posses sufficient .stock of tJld to fill pres
ent orders for export For the first time
In the history of grain dealing m the
United Stales the exports for a year wfil
top B0O,C.COO bushels for the 11 mdntli
ending June 0.
Leading futures rsnted as follows)
Whest- Open, lllsh Low. mMeJ'tf'wt,
September .. 1.04 l.Ol l.oijl l.QIH 1.03'S
July 4334, tVi 43U 'H 'MM
B'plemb.r , 37 8I 87 37ft 7
December ., 30H 8. 88i '38 h
Jjird
July 0.13 psj 9. P.JJ 9M
Sfplember .. D.40 9. CO 9.40 9.47 8.43
July I0.S3 10.83 10 S 110 3. 10 37
September ..l5.M 10.02 10.BJ 10.03 10.07
July' .7.....19.BT J"-T0 18.85 18.5 18.BS
Bentember ,.17,07 lftlT 17.02 17.2 17.
Bid. fAsind.
THE PHILADELPHIA
NATIONAL BANK
Phllndolphla, Juno 23, 1015.
RESOURCES
Loans and Discounts $48,969,252.08
Due from Banks 10,698,989.21
Exchanges for Clearing House 2,595,806.85
Cash and Eeserve 22,002,236.93
Customers' Liability under 'i Letters of
Credit and Acceptances .'. 3,553,323.45
11827819,608.52
LIABILITIES
Capital Stock ' $1,600,000.00
Surplus and Net Profits (Earned) 5,042,522.33
Circulation 648,997.50
Letters of Credit and Acceptances 3,578,683.22
Denosits-I Indivitoal -..$47,083,225.72
ueposits . Bank 24,966,179.75 72,049,405.47
$82,819,608.52
LEVI L. nUE, President ' '
WILLIAM S. MADDOX, Vice President HOP.AC& FOnTESCUE.Vice Pres. A Cashier'
DAVID W. STEWAIIT, Assistant Cashier FRANK P. BTEPHENS, Assistant Cashier
O. HOWARD WOLFE, Assistant Cashier
DIRECTORS
GEORGE II. McFADDEN.
KFFINGHAM B. MORRIS,
RANDAL MORGAN.
R. DALK BENSON
8AMUEL REA.
PIERRE S. DTJPONT.
Accounts of Mercantile Firms, Corrjoratlons, Banks and Bankers Invited
foreign .xenance uouEni ana soia. setters oi ureair issucu
RICHARD ASHHUR3T.
LINCOLN GODFRET.
GEORGE WOOD,
ALFRED C. HARRISON.
LEVI L. RUE.
GEORGE II. FRAZIER.
THOMAS 8. GATES,
ABA B WING
SAMUEL M VAUCLAIN.
"WILLIAM H. DONNER.
WALLACE D. SIMMONS
SAMUEL D WARRINER.
FRANKLI1
TIONAL BANK-g
Broad and Chestnut Streets
Philadelphia, Juno 23, 1015.
RESOURCES
Loans and Discounts $27,418473.84
Liability Under Letters of Credit 312,447.21
Due from Banks 4,512,724.05
Cash and Reserve 9,516,650.29
Exchanges for Clearing House . . . 2,059,641.30
$43;819,936.69
LIABILITIES
Capital .' .' ." $1,000,000.00
Surplus and Net Profits 3,542,692.17
Circulation 445,000.00
Letters of Credit 312,447.21
Deposits 38,519,797.31
$43,819,936.69
J. R. McALUHTEn, Prrstdrnt.
J A. IIARRIS. Jr., Vice rrtsld'iit, J. WM. IIARDT, Asst.- Cashier.
K. V. PAS8MOBK. Vice rrcildcnt ft Casbtrr. J. C. FHAMILAMU. Asst. Coshltr.
. E. SHIELDS, Asst. Cashlrr.
daroofl T. Dodlna
Thomas De tltt Corlsr
(icons H. Frailer
Kdward U. Smith
llcnrr Tatnall
3. Ituth'rford MrAUIitcr
frederlcK t liauj-
DIRECTORS
Emnshnm II. Morris
I'frcr C. Madeira
Ellis Pu'r Passmors
J. Andrews Harris, Jr.
J. Hampton Barnes
Morris L. Clothier
C B. W. Fackart
Charlton Yarnall
W. W. Atterburr
Edear C. Feltoa
Robert C. nrataa
Itudnlph Kills
Edward V. Ueals
FOREIGN EXCHANGE IN ALL ITS BRANCHES
'!.J
We own. and offer, subject to prior sale
1000 Shares (Par $100)
ATLAS POWDER CO.
696 CUMULATIVE PREFERRED STOCK
Dividends Payable February 1st and Quarterly
Preferred as to both Dividends and any Distribution of Assels-
Tbe Atlas Powder Company's onlr outstanding l-md been called fM
m,r August I, 1B1. and no m.rtr.g. can now b. placed on 11.. Compan'. p
tle. wXut tho consent of three-fourtta. .1 tbr Fre.e.red Stock, Th. Com..r
7m laliy report. at. of more than to and one-balf Ume. It. IWOOOOO p ,.!
of 1-rcferred Stock now out.tandin,, wUll. present quotation, for It. Comon Stock
Indicate an equity back uf this Preferred Stock of or fjfl.1B0.0M.
Price to Net About 6.30
Full particulars on application ,. j.
CHAS. C. HARRISON, JR. 44 CO. u
BANKERS ' t
...rrru own CHESTNUT STS. PHfLADELPfirA
Jlerober. Philadelphia and New York Btock Exchaaics,
I'
FIRST NATIONAL- BANK
of Philadelphia
Cooden.- report at ols. qf buslWM June W. I?1S.
RESOURCES
Loaa and Invwtments..?18J5JSJ0
Due from Bank.. - $M&J&M
tExshapges for Cltarlng
Houe ...,......
Cash and R?rve
aarui4,u
Total $33,052,891.99
UABIMTIES
Capital H.SOftfMft
Snrplus and Undivided
Profits .' liP
Circulation :. Ijiaii
Dspasiu 29M9JW&
Jii P '?"'
Total $33,052,891.?!
J. TATNAIX USA,
ni- A, IAW. PraMat
KBNTON WARNS. Vte Prld)t
THOMAS W. ANDIWW. Ca!
t ta stetMt
OKAS, it JTAJOSS. WWt 0$
Ill I il Hill III I 1
NW ulr 1 I8U. to hoar of farrail
r jr 1 i ihe etoa oi butaa tM
mmmmmmmmmmmmmmmmmtm iu , r
vuaix win uoaiiatt.