(P? "jftfttftr-
EVENING LEDGER PHIUADELPHIA', THURSDAY, JTIEY 1, 1915;
vr
n
hl6.l-l.Mt.tflH.Jl-
EXTRA DIVIDEND BY LACKAWANNA COAL DECREASE IN COUNTRY'S COTTON ACREAGE
GENERAL CHEMICAL
AND COAL PRODUCTS UP
Rumcly Shares Weak on Reor
ganization Plan Foreigners
Sold Stocks and 'Bonds.
I
k' ' NEW TOHK, July L-It was left to
view stocks to furnish the etrons; Pots In
5" the market today! otherwise conditions
h1 "frera Unsettled with prices generally
V;iSlowen The torpedoing of the Armenian
'"was restralnlnir Inlluenca at the open-
' lnir arid tills was responsible for some
selling1. Liquidation, however, wag
S orlnclpallJ' by room traders and there
was no rush to sell, demonstrating that
1 actual holdings were not disturbed, and
, there was soma commission house buy-
' in on the recession, resulting In a firmer
tone before midday. The principal
feature was the small amount of business
done, trading being likened to n day In
midsummer.
Operations were largely of an evenlng
up character, as no one cared to carry
anv Jarge amount of stooke over the holl
dav While- the governors decided to
keen tho exchango open on Saturday,
sny traders made preparations to leave
town for a trlplo holiday. That no
serious complications will arise from the
Inking of the Armenian was the general
belief, and this was strengthened by the
announcement that the vosael was en
gaged in British Admiralty work.
Several Items of favorable marketwtse
news came oitt during the day, more
largely good railroad earnings than any
thing else. The May icport of tho Now
York Central camo up to all expectations,
an Increase In both gross and net being
shown, and Central stock, after nn early
sagging tendency, became strong. Penn
sylvania and Erie showed up well, as did
several other smaller roada. Another
encouraging Item was tho report that the
'unfilled tonnage statement of Uio Steel
Corporation, to bo given out on the 10th,
would show an Increase of approximately
JOO.000 tons In Juno over May. Tho Lack
awanna Coal Company declared an extra
dividend of 60 per cent., this action being
taken In carrying out tho Supreme
Court's decision that tho coal company
! must not bo associated with the railroad
company. WMie tno couon 'acreage, re
ported by the Department of Agriculture
today, waa smaller, the condition was
good, and was about as expected.
Sims of Improvement were shown after
noon, but any advance was checked tem
porarily at least by tho nppearnnce of
forelro selling, which was heavy In both
stocks and bonds. Moro transactions
were recorded In stocks on tho sellers
15, 25 and SO basis than for somo time
past, This liquidation kept the market
In an Irregular rut throughout tho after
noon. All In all. trading was of a vory
listless charactor, and few commission
houses seemed to have orders. For the
.most part, prlco movements were nar
row and Uo leading Issues exhibited
only trifling changes.
Weakness in Rumely shares nttracted
some attention, tho common dropping
nearly, 2 and the preferred over a points,
following tho announcement of tho re
organization plan, which calls for an
assessment of (10 on the common and 517
on tho preferred shares, which is ex
pected to ralso a working capital of $2,
000,000. Stock in the new corporation will
bo given shareholders, but tho stock will
bo scaled down materially.
Among the few stocks which were
Btrong were Miami Copper, which moved
up 214 points beforo noon as tho result
of an Increase In the dlvldond from SO
, 10 7S cents ror mo quarter.
A leap of 20 points in General Chemical
.nnd an advance of over 8 nolnts In Amert-
.i can Coal Products furnished tho features
;V ' In tho late trading.
Temporary receipts of the new Now
I V'Tferk City tVi per cent, bonds wcro ad-
- routed to mo use, and uenungs in mum
wera tho feature in ,the bond division,
J171.0OO changing hands In the first two
hours. They opened at 101 and later
went to 101ft, about the same as transac
tions havo been carried on on the Curb.
'By 2 o'clock o. total of $2-10,000 had been
..told.
NEW YORK CURB
Amerli-an Zlno
Rradan ......
BiltUh-Amorlcan Tobacco old 1IIJ1
, do now 1SU
,Goldfleld Consolidated l'.i
uircu. (.mimic. .......... uii
KtnCt Coppr ...
la rtose
Bid, Asked
. O-iJi ai
t
. Lehlgn Volley Coal Sales,
NlplHlng
Otis Elevator
da pref
Hlker-Uagcman
Sterling Gum
Tobacco Products
, United Cigar Stores
', "lo pref ,
United 1'roflt new
World Film
, Yukon Gold
!!S
.100
. u
. T:t
. 0.1
no
07
10T
:::::::::: $
T
111'
1(1
Vu
40
SiV,
os
7a
IW
s
102
120
5t', BANK CLEARINGS
H Dink clearings today compared with corro-"-spending
day last two years:
win- wu. WW.
' fTUMtlphU 31,B30,838 4S,M5,tWT .1S K.'.n-H
''Boiton HK,47l,.Mll 41,Vim,020 a.1,041 ,801
Kw York, nn.oso.ssT nnn.2.13,270 s4,niB,08l
C6les0 ... S.037,ttSO 71,0(0,807 80.020,322
Bt. Louis.. 12,003,271 11,183,803 13,323,133
?.'
RATES FOR MONEY
Pnll.
FnliaoHphla
Nw York ..
Beaton 3
CWuro ., , 3KJN
lfi2
Time.
-(,i.l
I; , Commercial paper, three to six montbe, rbll
wtetyaik, dftl, ler ceni.
FOREIGN EXCHANGE
NEW YORK. Julv 1. Ths farelrn tsxchanira
market opened with demand terlTn'v off tt.
tltafllnir liVenm f u rlri T Iran
g-.Cables 4.T7K s.i 8l' ' 0.13
RjBenund .. ., s.TOW B.87 81',, O.U
NEW YORK COFFEE MARKET
VMM. vxr.- ...... - . ..v.- .... .
m toe cpenlng was rather quiet. Initial quota-.-
ttani were unchanged to 2 points below the
f-EfMls yesterday.
Stf" Today's Yesterday'1
cioie
7.02S7.03
7.0887.10
7.13( 7.15
T.0K 17.03
ft87rt.80
O.S 1.8t
B.88: J6.00
.S 6.00
0.8& 6.00
aoii n.02
tf.ll! e.03
e.o7ea.o3
"nt . .
Mmr
sei
Pewnttit
iMrr ..
February .
Uvea ....
'Offered.
,.,.,,. 6.S2e.87
. ,..,,......0.00
o.ssan.fia
asup.oi
. ,,...., aog.o3
Sales, 1000 bags.
State Treasury Balance Smaller
KlRniannnn ...... . q& 4i.k..u.M..t.
Ji?.? ov,5 I1SO.O00 In excess of Bute receipts
: toiv?! mon'n o' June, acoordlns to the
it afllimanf nf thn lllata TVaaiMiru anil
LB Kafonrt- i rt- -- w - a!" .? ,.
tet IT v. "9 'w w tJUUa UUaflI(Jf W
wrioi it mm rnan at infl QIOil at AIAV.
L SfvrPt (JurlniT Juna awrejatod $2,310,770.
ft fJ'wtBti were f2,70ii8Sa, Tbe utaUment
t fcViu i iVl '!50WB loiai or o.ii.uiw, or
in V'lr' w n in ieierm una, fKut&
' .... "'; 4Mt flV.lia UH1U1H.VU (II lll
k5J25l SP nd 2.7Sfl In Ibe motor license
M- V$ total tit the cloee or ilay bulnc
f iw-.uo. ,
DIVIDENDS DECLARED
ktoS?" !r0Vfr Company, quarterly 75 ata.
"""m American Sugar Company. raglUar
..... p,,. ( BJ1 qq pn,irreu i?B7ii9
1 tu Stm If nf -&nA T,,n 4C
jjHiuiii Lighting Company, quarterly
g1?" "t 1H Pr cent., payable July 1?
L kKht,utr Qt rcora' July 1.
i ui isurtn America, regular lemunnual
DaunBtt)i VMlaAn Mjnil.. MiaarArlv '
L' . Vayatle Auxuet ! lo etflck at record
WJUler Motor Compaey, dlvl4eo4 at
tm- Lvm t,n it. commoa atMK and tb
Fjutrurty UvM4 ej 1 w ceot oa
acrred
bie sptemUc i, m tsck ox reooVa
tw t. oiiu, rf Botoi, rvfukr ouarur-
g , lir --& m. f H MWI lyWIWl V
i Htttumg tujnfiay, qurterl X yr
C ,jp'J -' '- MP 1r4UCIb V4 lW
iVW Tor; Sfocfc Safes
, . lt doe. Itlth.
Alaska Gold Mints.. . 37'( .171$
AllU-Chalm Mf 10JJ 1"
Alilj-Chalm Mfn pref. 63 63
AmDtSuear 48H 46H
Amalgamatert Copper. 76 74l
Am Can 45H 40M
AmCanprtf IQIM 101
Am Car Foundry... MM MH
AmCoatrrodneti..... 1U 123
Am Cotton Oil 46 40U
Am Cotton Oil preJ ... 91 91
Amlllde Lprof.... 34H 344
AmlctSocnrlUM.i... 29) 20M
Am LocomotlTt. ...... Wi 49J
AmBmelt IUf...... 80 79ii
AmBmeltARcfpf.,.. 107 107
Am Steel foundries,.. 38 37
AmTel &TtU. ...... 12l )H
Am Tobacco.,... 220M 220 !
Am Writing Paper pf 0 'j'l
Anaconda Copper 36H 30
Alchlton W3 F pf 93 93
BadwinLoco 04M 04!f
Battlmoro AOhlo.... 70M 7MI
Halt & Ohio pref.... 70'f 70)4
netBUhom steel 168), 1C9
Brooklyn lUp Trans, 88 88!i
Butte & Suparlor.... 71 72
Cal Petroleum 14), Hii
Canadian Paclfla 143J' K4M
Cent Leather Co..... 40M 40ii
Cent lather Co pf.. 103'f 103)f
tbesaptake ft Ohio.. 89U 38)(
ChlnoCopper 4551 46)1
Chlcaco Gt Weit pf., 29Ji 29X
Chic Mill A St Paul. Kfli 00
C M ft St P pref.., 127 128
Chl.n I ftp... m 10H
Clnctt Pea ft Co pf. . 103 101K
Col Foel ft Iron 31H 31H
Comatoclc Tumiol... 14 11
Continental Can pf .. 98) 100
Conaolldatod Oai .... 120J4 125W
Corn Products Ilef . . . HM UH
Corn Prod. lief. pf... 79M 70)
Crucible Steel 32)i 32)
Den. ft nio O. pf.... 9 OH
Distillers' Securities... 255 25
Dome Mines 18! 18)$
g''a- 20 20).
Grls 1st pf 40H 40H
Kria 2d pf 34H 31H
Oen. Ceemlcal 220 240
General Electric 170 170)f
General Motors 160 165
General Motors pf... 102" 102M
Goodrich, n. P Co. 63J' 61X
Gooirich, BJ-,Ca,pf 101) 104
Great Northern pf... 118 118U
GtNxfs. for ore prop 35H 35
Guggenheim Expl'a.. . ai)f 62H
int Con Corp pf 75W 75
Intcr-Met rot t c... 22M 22f
Intr-Met pf 75M 75S4
International Paper.. OK 9k
Internat Paper pf-..- 38 37
inspiration Copper... 31 3 Ik
Kan City Soatharn.... 24k 21H
Kresga B S Co 135 130
Lehigh Valley 142K 142M
I-lJgett It Myers 225 225
Loo-W BU 2d pf.. 00
Manhattan El etl .... 120
Manhattan Shirt 61
Maxirell Motors 40
Max Motors 1st pf ... 85U
May Dejt Stores.... 89
Mexican Petroleum... 70
M SI P & S3 II I I 75
M St P & 8 S M pf 123
60
120
52
40
S4K
38
70
75
124U
0M
20k
28k
0k.
43
Mo Kan ft Texas.... 8H
Mo Kan ft T pf .... 25
Miami Copper 20
Missouri Pacific 7
Montana Power 60k
Morris ft Essex 170i 165
Nat Enamel ft S..... 17k 17H
Nat Lead 04 63
Nat Ity of M 2d pf. 0 0
Novada Con Cop..... 14f 14K
Noir York Air Uroka. 00 90k
New York Central... 89 80k
N Y N It ft U 04M 04k
N Y O ft West 29 28H
Norf ft Wast 103 103
Northern Pacific. 107k lOOk
Pacific Mall 32 34
Penn R H 105H 100
Pottlbone-MuUtkon... 34k 30
Pittsburgh .Coal 23k
Pittsburch Coal pf... 01
Pressed Steel Car 47k
Quicksilver 2k
Ry Stool Sp'e 32k
Ray Con Copper 23k
Reading 148
Rep Iron ft Steel 29H
Rep Iron ft Stool pi.
Rumley M Co
Rumloy M Co pf....
St Louis ft 8 V
St L ft S V 2d pf..
Seaboard Air L pf...
Soars Roo ft Co
Southern Pacific
Southern Ry
Southern Ry pf
Standard Milling
Standard Milling pf..
Studobaker Co 78
Studebaker Co pf..... 99M 100(
Tenn Copper 37k 37
Texas Co.. 128 123
Third Avenue 62H 52k
Toledo St L ft W.... 2 1)4
Union Pacific 127k 128
Union Pacific pf SOJf 80k
U S Ind Alcohol pf.. 04 04k
U S Red ft Ref pf.. . 3k 3k
U S Rubber 61 53k
U S Rubber 1st pf... 105 105k
U S Steel 00 00k
U B Steel pf 109k 109k
United Clear Mf.... 44k 45
Utah Coppor 07k 07k
Wabash pf k k
Wells Fargo Exp 07 98k
Western Maryland.... 24 24
Westing E ft M 08k 9Sk
Wheeling ft L E .... k Ik
Cents per ahare.
23k
05
47k
2
30M
24
148k
20k
83
4k
Ilk
7
7M
35k
139)4
88
10
61k
65
70k
7751
88k
4k
Ilk
0k
7k
35)4
139
87H
10
61k
65
70
37)
17
62k
43
74k
44k
101
61
113
40
91
34k
23k
43
78k
107
37
120
220k
5)
35k
100
97k
(VI
70k
70k
103k
83
70k
14k
142k
40k
103k
3Sk
46k
29k
90K
120
15k
101k
30k
13
09
120k
14k
78)4
3U
0
24!'
18
25k
40k
30k
221
109
163k
102k
63k
102k
118
S4k
03k
76)4
21k
76k
9k
37
30k
24k
130
141k
225
00
120
52
40
8k
38
75
75
124k
9
25k
20)4
0k
49
105
17k
03
5k
14k
00k
88k
03)4
27k
103
100k
32k
105K
SO
23
04H
47k
o
30k
23k
147k
29
83
2k
7k
0k
7K
35k
139
87k
15k
0
55
70k
70k
99)4
30k
123
52
1H
127
80) i
94k
3)'
60k
105k
593.
109k
44k
07k
k
07k
24
07k
Ik
Clos.
37)4
17
63
43k
74M
40
101
64
118
40k
01
3k
28)4
48!
79k
107
37
120
220k
5! I
35U
100
97)4
04k
70k
70)4
10')
83
714
i4k
143k
40K
103k
33)4
45)4
20)4
00k
120
10
ioik
3ik
13
110
125k
101
78)4
31)4
0
2 Ik
18
20
40k
30k
240
170k
156
102k
53k
103)4
118k
34k
02k
75k
22
75k
0)4
37
31
24k
130
142k
225
GO
120
52
40
84K
38
76k
75
124k
0)4
30W
28k
0k
49
105
17.H
03
6k
14k
00k
89)4
03k
27)4
103
100k
33
105k
30
23k
04k
47H
O
30k
23k
147k
29
88
2)4
7k
7
7k
35)4
139
87k
15k
60
55
70)4
70k
100k
30k
128
02k
Ik
127k
80k
04k
3k
51k
105k
00k
109k
45
07J4
k
08
24
98
Ik
EXTRA LACKAWANNA DIVIDEND
B0 Per Cent. Distribution Declared by
Coal Company.
1.!. vnmr Tnlv 1. Ths Delaware.
i..i,.,nni nnd Western Coal Company
Uoday declared an extra dividend of W
per cent In addition to tne reeuinr quar
terly dividend of 2V, per oent. Both divi
dends are payable July 15 to atook of
record July 1.
n.t.. JIM.,.,, tnnir fit And to comnly
promptly with the recent rullntr of the
united States oupremo v-ourv m luiu.
tho company's dissociation with the
nAinwnm. Lackawanna and Western
Railroad Company.
In taking the initial Btep to comply witn
tho rulings of tho Supreme Court. H. B.
Loomla, president of the coal oompany.
tendered his reelgnatlon, to be accepted
as soon as his successor can be seleoted,
and nrrangements were made to proouro
separata office accommodations without
delay. The board authorized tho otlloers
of the company to exeoute a njwfecon
tract, which should conform tofflWgnat
tera questioned by the SuprerrfSmcourt
as either Illegal or objectionable. Only
directors of the coal company who are
directors of the railroad, namely, W. IL
Truesdale and George V. Baker, Jr., re
sinned from the board, and C. D. Norton
and T. J. Mumford were elected In their
pUces.
Stock and Bond Trading Heavy
KJrW YORK. July l.-TranM9tU la took
on IV bteck Ueanj during ; Jnae totaled
lib Ust VMr, Sale of
ist.sjss.vuj wk mown.
Tr i
aia
iVttarjtr uhjiru. com
hare In the urn moo
?.. T.?iu:u",""..!.'!:-,T,r' rs ,hrK
LTcSuSted 1b aoiffim .here, isuut J.7$t..
SfloiUare. during the corresponding teiiod ol
Mil correon(Ung bond aftues. r
taiui iV tmMcUOu thU year. coniAXtag
wW'efttUt'lW In 111.
French Dank Gains Gold
PARIS, July t.-The toUowtar aw fJf ?!
t . tXf.H-
a axr teo.tjoa
91, I W,'
2,21i.W)y,
kKMJU.
u sua aoo
U,MMW
Oold ..
, 1.
Jiuy
irt'snFaoo
prculJUiji . .....W.is.
New York Bond Sales
.. . High. Low. Clo.
$1000 Adams BprM 4i 74H MM 7W
Ityi Arar Ar M. . . , .C3 ,1
lOCHM Amer Cot Oil vn hW4 1WH 1XH
1(1") Amer Hide U M....102 102 102
(tM Amer Hmelt Peo 0 JtBW lojU 10.1
lWO Amer Tel elt n SufJ 8(Vje .85J4
101CO do ovt 4H ...loi lwrt, leo
,?) Amer Writ rap It 39) S3JS Mis
1. Armour Co 4H9. ...... 1 UlH 17i
ioOU Atehlton adj 4e 821 glW i
Jj'Oi do tv 4 1053. . , Ill l0h VUS
W dn CV 4ilK. ....... W I'UJj K5ii
,Win) nlt A OuI 3M,s W, IWH ??
JIW do U seU 884. 0j
1VIXM do cr iVn ,,,,,, 85-) tW to't
.2iX Uth 8tei let 5 100t 100 10i
llfW do rrd Be,,... l3(l ,t3 ,3
1O0O Brook Vn Oa 1st M..1U.1. lie , 103
,1 cal uaa A KJeo S M lK Wl
l0y Cent ltner lat Ba... W wS wS
710OO cent raa lat 4a....... 88j 8jS W
1000 Uim A Oftlo ov 4U.S...73 T3 f8
1IIXM Chi Cower T llT 110 11?
2O00 fhl Ot Veet 4e...... 67 07 B7
20000 mt 11 AQ Joint 4e.... liSW ltl OJH
IikxpO Ch JI A B P cv 6e rct.IOSU 10.1U l03ie
7000 Con Oaa ey Oe JIHV lliltj Iiuo
(MXM Cumberland Tel 6a WSSi 8V4 M?a
SiiOO Del & Hud rrd 4e.... V2 P2 pa
Muo I)eti A Illo Or rfd ila. . 43 4.1 :i
420CO Iht 1'ont rowd 4H.. 03 MV4 3
ZHjoctrn Klee deb 3a ....Hu 10J 102
SliOOO Hud Man In S Sty, 20 20
8000 Hud Man rfd 6a 73 72 T2
.tOOO III Steel deb 4He .... 80 8rt 80
10004 Ina Cop cv oa I2H'1 128V4 '2n'i
IVW In cv ret .Id pd 0s '10.12s!. 2Sy VlM
4Oi30 Intorb Met iin 75V, 73i 73rk
43000 fnterb n T rt f &a .... vni lW 1h
101O00 Interb Mer Mar 4VU-. SO M A3
2000 ind steel 3s ., Iv04 IW',4 lwH
S3O0O LAoka Stent fis 'W .. 72 71 71-
2OO0 l.k Hh deb 4a 1028 .... PO 00 IK)
3000 i.tg a m t r.a looii ioou look
1000 Lortllard Ra , U0(i U9(J uuW
SOOO Louie A Naeh 4. .... in) W VO
1000 Mo Kan A v 2d 4a. . OS". B5U. BJM
SOW do gen 4a .....H4 OtH D4H
7000 .Mo tao col fia loi7. . . 00 po no
2t00 Mont fewer 3a U0IJ, OOtj, W!4
inAiw r,ai iiiD. oe. hi vn
WOO N Y C A II 3H 7716 77W
043000 do Ul ltfl 102M 1
WOO do 4a HlM gUV
SOOO do 4U. s SS KS
S3O0O N V City 4e 81 89H WIH
.1000 do 4a 1000 DlC OSS D8j5
240001) do 4i.4a w 1 101t? 10tC 10lS
JOIX) do 4H 04 . W US
1000 do 4 Nov S7.,...l2 102 lt
lOtn N V Oaa H A 1 4a. . 82U. siU 82i
,2000 N Y N II A II OS.... ling HOK 110
liooo N T Rwy ad) 5a 32 31 nl
4J00O Nor 1'ao prior 4 WH MH 8H
ltWO Nor Paa gen 8 03 U2i m
1000 Ore Short Una On. . . .lOIVi lOIV. 104U
lOdJiVacltle Tel 3a D7W Mti 7Vi
1000 1'ecna cv 3lie 100U 100W lv
2O0O l'onna 4a 1D1S 974 074 07l
3HO0O Penna gon ct 4'.4 PTti fiTU U7
1QO0O IVnna at iV ........103 1U2U 102U
0000 neadlnx Rfn 4a 6lU 01 0l(
4000 1took laland 3a 41 414; 41H
2O0O Ht U I M A 9o 4s.,.. R!)& W) 30
3000 .St I. A S F rfd 4s.... 0S 00 C0H
1000 South pU Cs 7t MtS UTi.
Hoooo SauUi l'ac cv 4a ..... soil 80U 80i4
in00 do or ret f v 'a 134 poij us no
10000 Booth Pne rfd 4a... 1. Sl'i 4i MH
l.iuoo floutu Pac Torm 6a... 70U 7tHi 7i)(
.1000 Pouth Rwy gen 4a 03 02W U24
800O South Hwy con 3a 100 W'Z ptif
1000 Texaa A Pao lat Ca. . . 1)3 113 IM
10000 Texas Co ov (la DOT! OOH MVJi
1O0O V 9 Ilubber Oa 102(J 102U 102U
OlIOl V S Steel Be 101(4 101 10H4
SS11OO Union Pao lat 4a 1)3 itiK ni'i
1000 Union 1'ao cv 4a 81!4 S8M 8Si5
3C0Q Va da Urnwn llroa. ... 60 00 00
:ooo vi itwr 3s osH riu 04
1IIOO0 IValush 4s 20 20 20
1000 Wabaah 1st Bs 100 loo 100
7000 Wau-P Ter lat ct 4a.. 2t4 14 2",
2(000 M'eet P. A M cv 5a ...101 It 10.1), 101)4
6000 Weat Hhore rg 4a. . . . 80 RO RO
3000 Weat Union 4a RSU S8H SH
0000 Wcat Union 4Wa 1)15 1 p
2O00 tYhoiUng; A I. M 4a 40 40 40
RAILROAD EARNINGS
E3UE.
1016. Increaue.
May groas 1.1,181,832 S317.S0O
Nit , 1,100,231 230,004
rtvo months" groea .... (4,17(1,627 1,043.871
Net 0,780,740 460,978
CiTCW TOTllr. SUBQUKHANNA A WE8TEIIN.
May groa 332,7S 133,784
Met 110,740 41,790
Flvo reontha" gross .... 1,072,073 0,77a
Not 323,858 10,017
NJEW YORK CBNTItAt. A HUDSON HIVKU.
(TCxclualvn ot Boston and Albany.)
Uay groay J13.n.14,113 JIHO.OSO
Net 3,713,61)0 1,403,840
Vivo rnontha' gron .... 01,040.270 1.72S.484
Net 13,477,140 4,033,071
UOSTOIN AND AI.HANY.
May groaa 1,4S.',,123 143,200
Net , 804,003 101,400
IMvo rnontha groaa .... 0,031,062 48,010
Net i;403,407 600,633
CUSVTHUA.ND, CINCINNATI. CniCAaOAND
ST. LOOTS.
(Including Poorla and n&etern).
May groaa p,DS3,ni)0 1202.304
Net 603.000 423,307
Klvu rnontha' gron .... 14,037,007 428,703
Not 2,301,011 , 2,410,182
DBlAWAnB, LACKAWANNA A WEaTBRN
May Orosa 13,713,204 (0,42d
Net 1,243,872 1U0.0U2
Ke-tn rnontha' groaa.. 30,205,703
Net 12,443,018 647,003
ATLANTIC COAST LINE.
May gross 2,308,949 Sl38,t):n
Net 666,803 03,7r0
Elaven rnontha' cross... 20.200,214 1,772,012
Net 0,030,737 1.053,030
MINNEAPOLIS, T.PAUL AND S. S.
MIUE.
May groaa $1,233,13(1 37,28t
Nt 204,303 60.23S
Eleven rnontha" gross 10,b,v),O07 787,821
" o,H,oiI 234,831
Dcoreaae.
DROP IN GOLD HOLDINGS
Dank of Englnnd Statement Shows
l Decrease of 2,056,000.
LONDON, July 1 Tho statement of
tho Bank of England shown a further de
crease in fold holdings, tho amount bnlut,
2,050,000. Total holding!) aro 62,091,000,
against 54,147,000 last week. Details fol
low: , ... This week Laat. week.
Circulation 34,5311.000 1:33,120,0)0
Public depoelta 81,314,000 00.378,000
Private deposit 140,031.000 100,602.000
liorornmeni aecuriuea, 61,048,000 61,043,000
Other aoourltiea 162,014,000 130,30.1,000
KeBcrvo S3,U03,(V)0 3U.477.O0I)
Pron'n of rea. to liab.. 10.10 18.87
Iiulllon 82.001.000 Sl.U1.wiS
llank rata
3
or.
PUDLIC UTILITIES
The Interstate Ttalhvay Company was
awarded 1,EOO,000 asrainst tho Kansas
City, Clay County and St. Joaoph Elec
trio Line and the estate of Qeorgo Town
eend In a Kansas City court for bulldlns
Its electric line between Kansas City
and St. Joseph on n, part of tho right ot
way obtained by the plaintiff.
The United Oos and Eloctrlo Corpora
tion, of New Jersey, has sold to Dodell &
Co.. of Providence, and Wchter & Co., ot
Hartford, Conn., Its entire holdings, con
stituting; 71 per cent., ot the shares of the
common stock out the Hartford City
Gas Light Company, amounting to 35,630
chares, Involving approximately 12.000,00).
Stockholders of the Municipal Oaa Com
pany of Albany are to be offered privi
leges ot subscribing at par for l?i shares
of now stock for every share held and
ft per share ot the S per cent, convertible
one-year notes to be Issued.
Operating returns of properties con
trolled by the Utah Securities Corpora
tion tor May, In comparison with that
month In 1911. showed an Increase ot
JU.1S6 in gross revenues, -which amounted
to $378,314, and net earnings of 1183,812
were (6314 greater than a year ago. Gross
income for the Ave months ended with
May totaled 5,1,876,977, compared with
11,876,703 In the corresponding period lost
year, while net earnlngB Increased J21,0
to W6.587.
Trade Balance of a Billion
WASHINGTON, July 1 The foreign
trade balance of the United States for the
fiscal year ending yesterday exceeded tho
billion. dollar mark, according to flgurea
nude publlo by Secretary ot Commerce
Redfleld. The Secretary gave out the fol
lowing statement on tbe foreign buslne
for the fiscal yr: "The figures for the
11 months ending May 31, 116. show a.
favorable balanoe on merchandise trans
actions of tws.in.4W. as 13 ports, whlah
ordinarily handle per cent, of the coun
try's foreign trade, show for June an ex
port balance of approximately ISO.COO.OCO,
It U now known that he excess ot ex
ports over Imports of merchandise has at
thU date exceeded ILCCO.oeo.OOO, surpassing
by nearly 3WJ.08MCK) the highest reoord
heretofore, made."
BAR SILVbR
NEW YOKK. July t.h quotation tor com
miictal tax all M V, lib Mealoaa del
S?i it 37 ..eota la TYobJoj the pslea waj) up
"ll, M 1-1 W"0.
LOCAL RIARKET
IN QUIET MOOD
Industrial Shnrea Displayed
Firmness Foreign Selling of
American Bonds a Factor.
Narrow fluctuations marked tho trading
on tho Philadelphia Stock Hxchanto ur
lrur most of today's market session, On
tho whole the tono was firm, aided by the
Improvement In Wall street. Stornire
Battery, Steel, Baldwin Locomotive, Lake
Superior and Cramp Shipbuilding wero In
fair demand and modorato gains. Lehigh
Navigation also hardened. Tho letter's
Electric subsidiary announced omdally
that It would buy 000 shared of Harwood
Electric common and as much more ns
would bo ofttred up to August 14 nt
(22.60, to bo paid In Lehigh Navigation
Eloctrlo 1st scries n bonds.
A block of tSO.OOO Heading Improvement
4s were sold today, "seller 30 days," at
a decline of n. point. This was undoubt
edly for foreign account allowing for tho
paesngo of tho certificates across tho At
lantic. Local bond doalcm wore discussing the
effect of tho now British 44 per cent,
war loan on hleh grado Investment bonds
In this country. Consldorablo selling of
such Issues as Pennsylvania 4s, North
ern Pacific 43, Atchison 4s, .Flooding 4s,
eta., has been In progress for English ac
count. Tho fact that tho foreign ex
chango rate Is down to a 4,76 basis mains
It n very proiltablo operation for an Eng
lish Investor to sell, say. Heading 4s at
92, which would net him approximate
ly M over there, and rolnvest tho
money in Government 4's. Tho same
hblds good with Pennsylvania 4V4s at tho
present rnto of exohnngo as well a
many other hlgh-grada Araorlcan Issues.
Nevertheless, tho bond markets of this
country aro sustaining this oelllnir move
ment very well considering oxlstlng con
ditions, and bond men sponlc hopefully
of tho future Today aotlvlty on 'change,
centred ohlefly around Lehigh Valley 4As,
ftoadlng Improvemont nnd Reading 4s,
Lehigh Navigation 4Vj.i and tho various
Pennsylvania Issues.
Sales in Philadelphia
820
2S
10
(Xi
S30
10
I'll)
77
600
03
41
a-.H)
882
124
60
101)
420
100
274
1130
I
370
70i)
2000
100
Tea. close, lllah.
Bald toco 04U 01 ft
do pref 102 4 102
nun: .t Hus prof. 3(H
Cam Ucel 4SH
KIro HIko 63
Krlo io'5
(let) Aenhnlt . . 32U
Ins Co N Am.. 22
Loko Sup Corp. 7 0-10
.ohlah Nav.
Lflhlgh Vai..
Mnlml Coi .
Pt-nna It H
71'
71?.
i
Low. Cloeo.
(It IHV.
102 102
3714 87W
4 48
M 634
20), 2rtii
Hit
Yl
Ponna H Mfir . .
Phlla, Eloa ....
Hay cona
Handing
Tono Del
Tono -Mln ..,,
t.'nlun Trao ....
It S Steel
weetmore'd O..
W Cramp & 8..
M'k
23H
"24
74
KM
to
(Oil
00
6000
11000
1000
loOo
7000
2400O
1200)
0700
Horn
600OO
3000
63',,
')S
M
0J4
60
BOND3.
Lost prov.
Halo. High
Am O & El 6s. 80V. 8.1 !4
fH.IU JJO xnt 08.10
C Sti p Mny "17 B7H
City 4e '40 reg. . . .
ill 4 P IT 4a. . 734
Har Bine Oa.... 00
I, Nv con 4Vjt. . HUH
L V con "Oil 4Ma OSVS
do Coal Ba 10-1
do con Oa rex. . .
Pa conv 4a "4S. 1)8
do gen 4 Ha t c OS
do en 43 vr 1.10.1
I'mia. r.i oa....iui
Itrnoinr gen 4s.
ao imp
Un Hwya
12
22
27K 28(4
r.i
81
74
1?"
3:
3.1
88
siU
24
74
l
33
61)11 00
OOVi
WW
CO
lo;
07i
101K
IjOW. CIobo.
I14 $
1'U vu
oa. . . .XU1
gen 4s. D2t4
4a.... U.-.W
it c 4s. 74Vi
8
nov
0!)
I)SK OSVi OSl.i
104 101 104
110 110 111)
117V, 01", II7V,
U7t l)7i; l)7K
103 102tJ ll)2'fj
101 1O0K 101
014 111 tZ l)V,
D4W 04W OSW
74 71 74VS
Local Bid and Asked
DnMwln
do pref
Burf & Sua t c
do prof
Cam Steel
Elwj Storage
Oen Aapltalt
do pror
ICeystono Tel ......
do t a
do pref
Ijike Sup Corp
Lohlsh N'av
Lehigh Valley
Lehigh Valley Tr ..
do pref
Pennsylvania
Phlla Kloctrlo
Phlla o
do 3 per cent. pr...
do 0 por cunt. pr. . .
rhlla H T
do t c
Heading
Ton Del
Ton Mln
Un Trac
U O I
U H Stcol
Wm Cramp t o
Ex dividend.
Today
Hid. Asked.
. 32 82 V4
.101 102
13H
38
4h
ra
32
70
14U
II
1)7
-Ik
20
63 1-10
Yeeterday
Hid. Aakod
IH oo
M
63
. siK
00
l.lli
71
13)4
r'i?i
..I
102
12)1
61
32
00
13,
r
1UI
iay
38
48',
M(a
32U
70
U'i
H 1K 14t
14 01 07J
V. IV, IV.
Tlli 7Ti4
7Uj 7l(J
13 14
34$ SlK
-sa
. 73 WW
4 1-10 4l(4
. 7 7H
. 33 83 H
. KlR 8IVj
. no W
, aoYi co
301
8
731
1-10
7
33
8.314
0011
60
JO
W
83
40
I)
0
74
4V4
60
COTTON ACREAGE SJIALLEB
Condition of Growing Crop 80 Per
Cent, of Normal.
WASHINGTON, July 1. Tho Crop re
porting Board, Department of Agriculture,
today estimated that the area of cotton in
cultivation this year (1015) In tho United
States is about 31,635,000 acres, as com
pared with 37,4OG,O0O acres, the revised
estimate of acreage In cultivation a year
ago, being a decrease of G.S71.0O0 acres
or 1S.7 per cent.
The condition of the srowlng crop n
June 5 was 60.3 per cent, of a normal
condition, as compared with SO per oent.
on May 26. 1916; 79.6 per cent., on June 25,
1514, and 79.9 per cent., tho 10-year aver
ago for June 26.
COTTON
NEW YORK. July 1. Business in cot
ton was email at the opening today, and
traders appeared to bo nervous. Trading
was also checked by tho sinking ot the
Armenian. The tone, however, was
steady at tho outset, with prices un
changed to a point higher. The market
at Liverpool, after opening 1 to 1H points
tower, rallied 5 points,
In the afternoon prices eased oft In
New York and the close found the level
1 to 5 points below last night.
Yea. Open
olose, lng. lllxh. Iaw. Clove.
January 10.00 10.00 10.16 10.04 10.04
Mareh 10.32 10.3.1 lO.JS 10.50 10.3"
July ...".... 0.33 o.a
October 0.70 0.80 0.M 0,74 0.74
December ,,,10.02 H.u2 10.08 0.97 0.97
Spot 8.60 0,00 .... .
LIVE STOCK QUOTATIONS
CHICAGO. July l.-ItOQS-Heeelpta .20000;
market tteadr. Mlxad and butchers, 7.337.00;
good heavy, f.45tj7.7Si rouahj heavy. 707.4;
Itxht, 7.407M; plga, &l5jT.18; 6ulk,.si
CATTI-B RecelBla, 6000; market ataadv.
Beeves. 7.60e.S; eowa and heltara. 3.3C8.73j
atockere aaT f eedera, 7.40j,76; ealve71).30
10.83.
BHSTBP Reealpts, 18,000; market atrong.
Native and Weatarn, 4.400.60; lamb, 7.50
10.00.
NEW YORK BUTTER AND EGGS
N8W YORK. ..July l.-BUTTISR.-lUrJt
easy: tecaJpu. 1J.832 pkga. : aitn, 2Jc. ; hlffaar
scoring, 2ftSSBc.; Sutdatry. 970X7HC.7W
tattoo creamery. SUtjtBc.
SMOa. Market weak; receipts, 1B.3S1 pkga.:
extra, rlrata. HOsjille., freak gathered: treia. lo
Sm,c. fraeh gathared; artJ whltaa. Vu
le.; mixed color, 17VaSaxc., gathered; aaarby
Uowbs, 33We)it4c.
DlylDKKDg
AUHtTI'A
nrTnuRT hank in
TUB HANK OP NOKTIt ASlUKiaV
P03ilphliT July
mi
lmtbia&kBJij,
Julv lbl.
-fi.SH
z,ou.iww.i
UaU.
2.ia,41t.
i Dtna.u J
Tta dlncton have this day dUrd a HvI-
daMt of 9. payable JiUy b, lla.
B. V JVBVAn,
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
. WHKAT. Receipts. 22.20 buah. Tha mar
kel was. strong and further advanced l3c.
under light octerlnsa and stronser Wwtern ad
vices. Quotations: Oar lots, In axport elevator
Xo. 2 red, nominal, jl. 2401.70; No. 2 red,
Wealnm, nominal, si.291.34i No. 1 Northern
Duluth. i.4.11tl.40.
. Ct)ltf. Ueeelpta, 027.1 buih. Demand waa
reir ami prioea ruled etendy. uuotatlone: uar
joi-No.
a yellow, 7liUSot4o.i No. 4 yellow. 70Win8lic,
OATH, Recetnte. 760R liueh. Ths market
wn tirm and Uo, hlsher. yuoutlonn: No. U
wuiij, nr,nti3o, : atandant white, S4ffMttC.t
v,
loia lor local traua, aa to lo-atlon-No. 2
low, mfKlHc.t "teamw rellow. 8!HJ52!reil
a yellow, 7H4ianin. no. 4 yellow, lOHtn
1-Hecelpt, ,
ii and Uo, hi
?..?U.'
, i'WIUIU IloeelpV. 1S0J bbta. nnd 1,643,
1(17 Ilia. In eaoka. Mill limits were well main-
out traiia was quiet, vo quote, om
5a per la lb, In woods winter, clear,
.60i do. strnlght. IS.6046.7,11 do.,
j. iBo.i.: Kanaaa, straiini, jui
tn.TS05.IKii do., patent, lute eaeka.JOtt
tatned.
as follow
to.rotfr.
lnioiu,
"cits, tn.TS05.IKi do., patent, lute i
"--vt "ra"'ft ir clear. imn.ia ao..
Jii.s,VHU.40; do., patent, ll.4O8U.70 do., farorj
lie hrands, fl.T57.26t city mills, choice and
patent, 1(UJ7,23; city mills, regular
raney
straight.
atraignt,
tmdee-Wlntar, clear, eJ.J.lTrS.M: ilo straight,
W-.YiWEL ",0- batent, W..890.2J.
IIVM ri.Otm ra In small supply nnd
nnd
enii
SteSdV. but nulnf. U' miefd tlearhv
Western, In wuod, at 500.50 per bbl aa to
quality,
PROVISIONS
Tho mnrket ruled flnn vrith demand fair,
quotatlonai City beef, in sets. amoKed and
air dried. S.MIiao. Weatem teef, in acta.
emoked, Srti26e. City beof. knueHes and
tondorB, smoked and atr dried. B7C2Bo, West
nn teet, knuckles nnd tendorf, smoked, 2711
2'c. lleef kiwin, J31JJ32, Pork, famljr, 22)
22.60. llama, S. p. cuhmI, loose, 134Q14c:
lo sklnnod. loose. 18UH18?ic.i do., do.,
ninoked, l4U14a . Otberhams, sniokad, city
jurod, as to brand and avenige, UVilSc.
Hams, smoked. Western oured. liMIJIf.c.; do.,
boiled, boneless, 23Q24o. Plcutc shoulders, I).
P, cured, loose, lii2o.i do., smoked, 12HO
12;o. llelllea, In piokla. tioeordlng to avor
(Ho, looae, 12HV18c. llrsaktaat bacon, ns to
hmi)d nnd average, city oured, 17CT1S0. llreak
faat bacon. Western oured, 17S1S0. La'd,
Wtatern, refined, tlercea, lOWOlOUu: do., ilo
do., tube, 10141IMic Lard, puro city, kettle
rendorsd, In tlercea, loiMMfftc. Uird, uur
city, kettle rendered. In tuba, lUKgiOlic.
REFINED SUGARS
Tlwro was llttlo trading, but valued were
ntendy, W quoto roflntra' Hat prices: Stand
nrd granutatod, 0.104. extra flno granulated,
0,10a,, powderl, O.'JOc; confoctlonora' A. Co.!
soft grados. 6.2655a.
DAIRY PRODUCTS
ntnrmU w In fair demand and prioea
ruled atoady. Quotations! Western, solid
pjLOked. creamary, lanoy apeolala, UWio.t extra.
iWlto.1 axtrn nrats, 27Mi'Ci'ao. nrsts, 27o.j soo
onds, 2,v0420i:.; nearby prints, fancy, 82a, r
average extra, 20;ilct do., ralr to good. 20O
27e j gnrlloky, 24U2UO.I jobbing sales ot fancy
prints, aoofoc.
EOOS. Demand was light and prices
wcro weak and lower, quotations: In (rea
aiaua, nrnrby extras, 24c. per dos. i flrata, i.r,85
per standard rase; noarby current receipts,
93.65 per caan; Weetern extra firsts, 10 por
ca&e; firsts 3.63 per case; fanoy aeloctod
candled eires wero jobblnr at 20ft27c, per doa.
C1IKESK. Demand was good and ths
market rulod firm and a shaaa hlghor, with
mipuues welt under control. Wo quote) New
Vork full cenm, fnnoy, new, lOlO'io. do,,
do,, fair to good, now, 155J16!4o. j do., part
hkima, Utl7'13c
POULTRY
UVi:. Fowls sold fairly and rulod Arm,
while broiling chickens were dull and again
enslur. Quotations: fowls, aa to quality, lbWtt
lOVic. , exceptional lots higher; roosters. JIW
12c; broiling chlckons, fancy, not Leghorns,
weighing 1VWJ lbs. aploce. 261127c. I broiling
chlckons, not Leghorns, weighing l(Mt lba.
aplecu, 221)240. broiling chicken.-, lxjlthOTiii,
weighing 1HC2 lba npioce, 23U26C.; broDIng
cblckons, Leghorns, weighing lQ'lVl lbs, nplocv.
18921c; ducks, l'ekln, HtilOc.; do., Indian
Runner, lL'fl3c,; pigeons, old. per pulr, 21U
3i. ; dn., voung, per pair, 0321c.
milSSSRI), There was a fair demand for
doslrable stock and tho market ruled Urn) un
der moderate offer Ires. We quote: Freih-kllled
poultry, fowls, 12 to box, Ury-plclted, lancy
aeloctod, 10c; welshing 4Mi1l6 lba. apleoe,
ISVjc: weighing ihim lbs, apiece, lHVic;
wtfglilns 3 lbs, .apleoo, 10V7J17Vio., under :1
lbs. nploco. 14H1U6c; Ice-pncked Woatern.
iVi lbs. and over apiece. 17c; do., smaller
tines, ll&luu.; old roosters, dry-picked, 12o.;
broiling chickens, Jeraoy, fnnoy, .lOdf.Bc. ;
othor nearby, fancy, 2S!330o.; Western, weigh
ing 1V)412 lbs.. 244i'20c; do., wolghlng lQl
lba., 2l'Qi23o. ; spring ducks, 1017c. ; squubs,
per doz., white, weighing 11 to 12 lbs. ror
dos., $3.i0Q4.S0; white, weighing 0 to 10 lla.
per doi., 0ii:t.6O; whltn, weighing 8 lbs., per
Jloz., 2.40J'2.CO; do.. 7 lbs. per doa., i.7o'j
2.10; do., do., 0CBV4 lba. per doz st.25'dl.6.);
dark, 4L26tfl,60; small and No. 2, ?l.
FRESH FRUITS .
Choice stock Bold fairly and values gen
erally were well sustained. Quotations:
Apples, Now York, per hbl. Ualdwln. 3.60S
6.60: lien Davis. (2(2.60: other good eating
Varieties, 12&2.&0; apples, Wostorn, per box,
73c.iD2; do,, new, transparent, per hamper,
ll.26tfl.78; peaches, lioorgtu. per crate. JiiM;
lemons, per box, t2.26iitl; oronpcn, FlarMu, per
hox, 4203,60; Kiapcfrult, Florida, per box, lit)
12.60; pineapples, per crato, Porto Rico, 2i
3.60; dg.. Morula, 323; cherries, sweet, per
pound, 6117c. ; do., sour, per pound, ft'Jac. ;
plums, Georgia, per carrier, fl.60Qi2; currants,
red, cor quart, 7J8c. ; atrnwberrlcs, per quart,
Delawaru and ilaryluml, .'SflOc. ; do., Jerhey,
4B10o. ; do., New York, 18020c; blackberrlea,
Delaware. Maryland and Jersey, per quart. 8
100. ; gonaehcrrtea, per quart, 'u4c.; huckle
berrlca, por ouort. Mfllo.; raspuorrles, red.
per pint, 4ff&f. ; csntnloupos, Cleorgla, jer
crate, S1.26&1.7S; watermelons, Florida, per
100, 30OO.
VEGETABLES
Potato) ware plentiful and again easier,
-with demand only moderate Other vegetables
wero In fair request at revised prices. Quota
tions: White potatoes, por bush. Maine, 180
20c; New York, as to quality, l.lftsia; white
potatoes, Norfolk, per bbh No. 1. Sl.lS-ttl.23;
No. 2, 40600c; white potatoes, North Carolina,
per bbl, No. 1, J1W1.23; No. S. 40JWIOO. : onlone,
llermuua, per cralu, 76j700c; cauliflower, Nor
folk, por hamper, 60fr73c; eggplant, Florida,
per box. 32V'J.60; cucumbers. North Carolina,
per Vj-bbl. liasket, SOcffill; cucumbers, Nor
folk, per Vs'bbl, basket, 0c.GSi; oucumbers,
Norfolk, per bbl.. t'-".28ft2.7X; corn, North Caro
lina, per crate, Iliil.SO; squash, Norfolk, per
U-bbl. basket. 23B.1&C.; poppers, Florida, por
carrier, I1B1.2B-, tomatoes. Florida, per car
rierfancy, ttQ'1.23; choice, 76c; tomatoes,
Mississippi, per case, 601166c. ; asparagus, per
bunch. Misc.; mushrooms, per i-lb. basket,
60c. OSI.M.
MINING STOCK QUOTATIONS
TONOPAlt 8TOCIC3.
Did. Asked
Jim Duller 1.00 l.u."
MaoNamura 03 .04
Midway 15 .10
Allipali Extension 22 .21
Montana .25 .-I
Northern Htor 15 .10
Tonopah llelmor.t 4 1-10 4(
Tonopsh Kxtenslon 2 18-10 J
Tonopah Merger .40 .41
Tonopah Mining 1 7W
neacue Kula 08 .10
West Und 2 .84
aOLDFIELD STOCKS.
Atlanta 30 JJ
lllue Hull 03 .03
ltooth .47 .V
Rulldng 03 .01
COD 04 .H)
Combination Fraction OS .U)
Dlamondfleld II O 02 .1)1
U)alay 03 .07
Florenco .... .62 . ?
OoldHold Cons It 17.10
Oolineld Merger .21 .23
Jumbo Eiternlon 1.63 1.37
Kewanaa , 1J .14
Oro , 08 ,0J
Band Kan J7 .OS
Silver Pick .10 .12
MISCBLIaANBOUS.
Falrvlew Axteo 01 .(!
Klraberly , 03 .00
Nevada Iini 21 .21
Nevada Wonder 1.06 1.7U
"The 'Nuts' of Base
ball," by John Henry
(Honus) Wagner, tells of
baseball's eccentric play
ers and their "funny
ones." Keep up with the
Honus articles running in
the Sunday
SPORTS MAGAZINE
Financial Briefs
Rxport business ot tho United fltntes
Bttel Corporation la running: nt tho high
est rate in tho history of tho company.
Incorporations with a capital of $100,0)0
and oror during: Juno represented a totnl
ot 4X,K,0O0, ths bost monthly showlns
In mora than two years. The total In
May ot this year was 3121,011,000, whlln
in June, 1414, It was !125,3M,TO0.
John 0. A mat Is nctlnr hond ot tin
Bryn Mawr Trust Company until s. new
president Is chosen.
Tho Miami Copper Company raised Its
rato ot dividend from Jl to ii per annum.
Two Now York Produce Exchange
memberships brought JC80 each nt auction.
Announcement la made by Montgomery,
Clothier & Tylor that Michael davln has
been admitted to full partnership In tho
firm.
Ellas n. Jonea la now president ot the
Colonial Trust Company. Ilo was elected
to that ofllco June 7 to tako effect July 1
In plaeo ot Q. V. Elklne, resigned. Mr.
Elltlne will remain on tho board and re
place Mr. Jones as vloo president.
Tho cutout of bituminous coal in the
) United Btatos tor tho first six months of
iflio is enumatou oy tno umieu ami.cn
Oeotofflcal Survey as between ICO.000,000
and 190,000,000 short tons, the rate ot pro
duction havltitf been from 85 per cent to
DO por cont. ot tho nvorago tor tho previ
ous year, This Is considerably loss than
tor tho corresponding period In 1911 and
In llttlo. It any, greater tfian tho out
put durltis the last half ot that year.
Kocotvor Mount, of tho M. llumoly Com
Iiany, has lsoued a notlco to tho creditors
to flic claims within tho next CO days. Tho
lTodcral Court will then pass upon them,
and tho roors-anliatlon ot the company
will follow.
A cosh dtrldond of 7714 por cont. wtu
daclrtrod 6y the Chandler Motor Company
on tho common stock.
Wheetlns; Steel and Iron Company
stockholders havo authorized a 3,000,000
bond Isbuo, half tho proceeds of which
will ba used at onco to construct In Dcd
wood n combination shcot bar and skelp
mill, to remodel the company's tubo mill
and. onlargo tho tlnplate mllla nt Yorlt
vlile, Ohio.
diaries C. Harrison, Jrt etc Co. sold
JCO.OOO par, valuo Philadelphia and Head
ing Improvemont 4s, duo 1M7, on tho local
board ot 94Vi. setlor 39 flat.
Tho Minneapolis City Comptroller will
reoolvo bids until July 8 for $30,000 4 per
cent. rivr terminal bonds.
Snow's estimate of winter wheat condi
tion is 83.2, Indicating n crop ot GG4.O00.0OO
bUBhols; spring wheat condition, 32.7, In
dicating 255,000,000 bUBhols.
A special meeting of tho directors of
tho AVestlnghouse Electrlo and Manufac
turing Company hon been called for July
7, at which time It- Is expected tho plan
calling for tho exohnngo of tho old con
vertible bonds for the now G per cent,
convertible bonds will bo declared
operative.
NOTES OF THE RAIL
Orders wero lssuod by tho Intcrstato
Commerce Commission postponing until
September 20 the hearing on proposed In
creases in frolght rates In Western terri
tory. Tho hearings wcro to havo begun
July 19 at Chloago. Increases to be con
sidered aro apart from those whose rea
sonableness wna argued beforo tho com
mission hero recently.
Aloxnnder C. Shand, chief engineer of
tho Pennsylvania Itallroad, today ob
served his 57th birthday annlversnry.
Hearings in tho mntter of express ratos
will bo resumed In 'Washington July IB.
Tho complaint of the Nebraska Stato
Railway Commission ngalnst tho Union
Paclflo Railroad, regarding rates on wheat
nnd corn from stations In Nebraska to St.
Joseph and Kansas City. Mo., and Lea
venworth, Kan., hns been dlsmtssod.
Tho petition for the reorganization of
tho Western Ohio Railroad Company has
been granted by the Public Utilities Commission.
WHEAT PRICES HIGHER,
IGNORING WEATHER
Bears Said to Have Been
Caught Napping Week's
Supply 1,600,000 Bushels.
CHIC'AOO, July l.-Unoxpected strength
was shown generally by the market nt
the opening today. Blight ndvances were
made over yesterday's closing prioea on
tho early Brtles and then a steady up
ward climb bocame evident. Bales' were
light at the start and a general apathetic
feeling was apparent among buyers. Bears
were nonplused. They had predicted an
entirely different market. Bulls rejolcid
and declared the bears were caught nap
ping. Favorable weather reports were re
ceived and a downward trend had been
expected.
July wheat opening at Jl.OG'k was nn
advance ot Vi over yesterday's close and
before noon It hod Jumped to Jl.OSVi. Sep
tember, which closed yesterday at ft.62,
sold oft nt ll.OI;. then followed July's
lend by adrnnclng to $1.03)1. December
opened at (1.0SV1. The closing price yes
terday was JLCCH. It, too, assumed ad
ded strength nnd rose uulckly to 11.03H.
The advance was checked In the after
noon nnd prices reacted somewhat, but
closed well abovo Wednesdays finals.
Warm weather Is now needed In the
districts which have been having bad
woather. A hot spell will assist In In
creasing the yields. Tho Northwest re
ports favorable conditions, but Southwest
conditions) am still In doubt
a serious competitor to American dealers.
Tho estimated supply of wheat tor tho
weok Is given at 1,600,000 bushels; tnht
week, l.CKS.OOO bushels, and last year,
360,000,000 bushels. Corn this week. 4,250.000
bushels: last weok, G.040.000 bushels, and
last year, 4,908,000 bushels.
leading futures ranted aa follows!
... . . Test'd's
ivowi wpeo. man. uv, cio. Close.
Juiy -. , imva
Heptembar .. 1.02S
December .- 1.03k
Cum fhflra? flollvarvl .
July 78U 7IH 7SH
72H T2.H 7S
04 0l 63
"IB"" l wVTfT, blUSVl
l.tSvi l.ooji i.nu ti.oo)i
1.034 l.Olfi '1.02U 1.02
1.00(t 1.03 J.0BStl.0&H
RfutjinTlMir .
Daoamber ,
Oats-
Juir i
September
December ,
Uird
July ......
Beptemver
mi
11.40
0.0T
tlba
July Ip.RIt
iscpicmLor .-iu.gt
Pork
July 10.7S
Scptembor ..lT.Si
Hid. tAsluxl-
'1:1
tlKVi 44U
3 !s
0.40 itl.il v.2
O.tX) -(0.02 O.flT
10.4J 10.3.1 10.40 10.40
10.72 10.63 10.0? l&.Vt
10.R3 10.73 10.80 10.W)
17.30 17.W 17.25 1T
n tw n
89 StlA 80
0.47
0.70
Lead nnd Zinc Mines Closed
JOPL1N, Mo., July 1. Mine operators ccn
trolling W pr cent, of the len4 and sine
mines In tho Webb City, Cartcrvllle and Jop
lln districts have announced that Uioy will
suspend opnratlons or their mines for two
weeks, pending an adjustment ot the strike.
We Own and Offer the Following
PENNSYLVANIA i
LEGAL INVESTMENTS
Sale of U. S. Light & Ilcat Co.
ntTFTAIXJ, July 1. At tho receiver's ante of
the United Status Llsht and Heat Company
today tbe entire properly was boiiKht by the
atnckholttere' protective committee lor
$1,000,000.
Government of Para Defaults
LONDON. July 1. The Oovemment of
Para has announced its Inability to meet the
Interest duo todsy en two loans 1,014,000 s
per cent, bonds and 081,000 fi par cent,
sterling bonds.
Electric Storage
Battery Company
compiata
ui
TV are comDillnr
sistiaiiJWT rsnnrr nn ina aiuivs ...
waw '"' ". " "" IMelUVa
wmen win do reaay tor aiitrlbutlon
In a few days,
A cop will be mailed on flppll
cation.
Hughes & Dier
I1AXKKRH AND UltOKF.ItS
Members Philadelphia Stock Gxchans
Members Chicago liourd ot Trade
1435 Walnut Street
Philadelphia
TRRISBURcT
School Dutrlct m
4Vz Bonds M
Due Serially SB
yfil'rices to yield from. Iff
W d.03 to 4.W1, m
mviffigyil Tax Free -mimm
KENNETT SQUARE
W& (Cheater County) jm
m School District M
4Vs Bonds
yL Dor Serially lB
W Prlcra to yield from Ml
CTBgiiA, Tax Free Msmsm
FOUNTAIN HILL
H& (I.ehlch County) M
1 School District g
4Va Bonds M
Due Serially m
l'rlcea to yield SB
1 about 4M E
(Write (or Details)
MARTIN & CO.
INVESTMENT BANKEIIS
Stock Uxchanie llalldlnc
" wi'U
Intereet
payable
Maturity
M & N 1057
Price to
net about
4.35
A & O 1087 4.55
A & O
1020
M & N 1966
England Selling American Securities
Becauso of sales for foreign account of high-grade American securi
ties opportunities are afforded investors to purchase now at lower prices
than havo prevailed for somo time.
JVst Offer, Subject to Prior Sale
$60,000 Pittsburgh, Cincinnati,
Chicago & St Louis Railway Cons. 4's
$25,000 New York, Chicago & St.
Louis B. It. First Mortgage 4's
$$25,000 Buffalo, Rochester & Pitts,
burgh Ry. Equipment 4's
$$50,000 East Tennessee, Virginia
& Georgia Ry, Cons. 6's
$$50,000 Northern Pacific Great
Northern C. B. & Q. Coll. Joint 48
$$250,000 John Wanaraaker First
Mortgage 6s
$25,000 Virginia-Carolina Chemical
Co. Convertible 6's
$25,000 Montreal Tramways &
Power Company 6's
Free df Pennsylvania State Tax.
Interest paid without deduction of Normal Income Tax.
Pull dctoriptivQ virevlar oh OQfUtatUm
CHAS. C. HARRISON, JR, & CO.
BANKERS
FIFTH AND CHESTNUT STS. , PHILA.DltPHIA
Unbn FhUMlsHphlsi Mk Mew Yark fr Rmwi.
J & J
A & O
1021
1028
M & N 124
A & O
1911
4,75
4.80
6.
144
U5
i