n
v
r -la M.
EVENING LEDGEK PHILADELPHIA, THURSDAY, JUNE 1, 1916.
FINANCIAL NEWS
Jv
iv
'
" -."
(VIGOROUS ADVANCE IN STOCKS
FOLLOWS DECLINE IN MORNING
. ' I H .Ulllll.ll .
Railroad, Issues Prominent on Upward Movement, Nor-
folk and Western Advancing Five Points Good
Deal of Attention in Sugar Issues
New York Stock Sales
Ah
High Points in Today's Financial News
. G ."mounting to about (3,800,000 arrived in New York from Canada'.
H'Chalmera paid 1M per cent, on back dividends on preferred. New
Jersey 7Ano declared S per cent, extra dividend. Initial dividend of 1 per cent.
' v "" oiuica vieamsnip company. aaie ot VMcago ana Ml
, Electric liailway for f 4,500,000 confirmed by Judge Landia. Price
ef bar silver unchanged in New York and London.
1
NEW TOHIC, Juno 1.
Qne of the largest room traders who lias taken an aggronslve position on tho
Bull aide of tho market said this afternoon: "Stocks aro stronger than war or
politic and their prices cannot bo kept down." Tho action of tho stock market
fully confirmed this view.
The up-town bear dement, which had hammered leading stocks toward tho
close j'esterday, resumed Its bearish operations with tho beginning of business
this morning, but, although Its efforts wore aided by some substantial spcculatlvo
liquidation In Reading, Lehigh Valley and a number of othor stocks, tho supply
for botli long knd short account was easily absorbed. After substantial declines
In tho first hour a recovery started that dovcloped Into a vigorous ndvanco In tho
test half of tho day.
Tho railroad issues woro again prominent on this movement, with Norfolk
and Western leading the upturn by an advanco of G points to 130. Iloth Great
Northern preferred and Northern Pacific moved up more than 1 point, and thero
was a resumption of banking accumulation In Lehigh Valley and Heading. A
number of minor Industrials, Including Gulf States Stool, mado rapid advances.
Industrial and railway earnings aro Just now proving a potent factor In
Inducing investment buying, and thero aro many indications that tho railway
proup especially will show moro appreciation of tho earning power recorded in tho
statements published for somo months past.
A good deal of attention was also paid to the sugar stoclts, with American
Boet Sugar selling at a now high record, and reports wero current that closer
relations will bo established botweon American Sugar Refining, Fodcral Sugar
Ilelnlng and tho Cuban producing companies.
At times thero was a demand for United States Rubber. Statements from
official sources aro that that corporation's bookings for tho year amount to $35,000,000,
tho largest on record, and that it will show an Increase of $1,000,000 Jn net earn- '
ings for tho current fiscal year.
Allls-Chalmcrs Pays 1$ Per Cent, on Back Dividends on Preferred
NEW YORK, June 1. The AlllsChalmers Manufacturing Company has do-
cmreu mo regular quarterly dividend of 1 per cent, on tho preferred stock and
also IV, per cent, on account of accumulated dividends on tho Issuo. Both dividends
are payable July 15 to holders of record Juno 30. This reduces tho amount of back
dividends duo to 11 per cent.
Lat cloas. lllnh. Iiw. Close.
Adamj Ejpresj.. ...139JI 13HH 139 130
Aisua.1 uoia M.,..itt DM Mf OH D5f
Alart Gold Minos 2.1H 23'f 23 5.1
Allls-Chalmers Mft 27X 27H 27tf 27!
Allb-0 Mf f 83M 84 82H K2H
Am licet Snwt 70 785 75f 77H
Am Deot 8uwr pf go D8M 07 98H
AmCsn , fiOtf mi COM COJf
AmCarAFdr fill 59i 60)f B9H
Am Cost pf now 117H 117 U7)i
Am HMo ft Leather,..,. 8J 8J 8J 8Jf
Am Hide ft h pf. ,..., 40M 40H 40H Wi
Am Ire Securities 20f 29 28Jf 29
Am Llnoeil 201 vni an ou
Am Unseed pf ....,,..,4911 49 4BH 48Jf
Am Locomotlro... ..,,.. 72)1 72H 72 72K
Am LocomotlTB pf ioii 101M 101) 101W
Am Malt Corp'n pf ST,H 3SM 3SH 3514
Am Smelt ft Ilof , fl7)j 07M 90f DO'
Am Steel Foundries.. ,,. 62!f 62)4 2)i 62H
Am Sugar I,c(lnlnE....112M 11W llljf 111JJ
Am Tel ftTel... 120)1 130 129) 130
Am Tobacco 20., 2fMJ 202J1 20f
AmTobpfnow 107 107 107 107
Am Woolen 4r, 41)1 44J 44
Am Woolen pf 08)1 08 98 08
Am Writing Tpf 23K 24? 23H 23Jf
AmZlncL&Sm 84)f 8J) 83)f 83Jj
Anaconda Cop M 81)4 S1H 84 S4
AJChTop AS K. 105M 105H 105H 10SH
AtchTASFpf 101 101 101 101
laid Loco Wk (-8H i0)f 8S) 88?
lad Loco Wks pf 109 109)f 109K 109U
unit a unio IHJf Ua UIM 02
Halt ft Ohio pf 77 77 77 77
Jlothlchcm Stceir 4C0H 455 455 455
UrownShoo 5',i 58 58 68
Kutto A Superior ro 00)4 88)4 bHH
Cai rctroleum pf 60 60)4 50h 50)4
Canadian Pacine 178)4 177J4 175)4 1774
Central Leather 51 54)f MH 6l)(
Central Leather pf Ill) lii4 H154 niJi
Cent&SATcI 141 111 141 141
Chandler Motor 107M HISK 1075 m
Ches ft Ohio 024 03)4 02 KM
Clillo Coppor 20)4 20)4 20)4 20)5
Chlno Copncr ran tii r&u mt
viucneo ureal hcsi y& lo'f
Chi Mil A St Paul 0SH 09U
Chi Mil A St Paul pf. . . 129JI 130
CM&NWpf 170 10S
CM It I A Pac 21 21
Col Fuol A Iron 41 44
(.01 southern 30
Col A South 1st pf 53)4
Continental Can 102
Consolidated Uas 133
Corn Products lief igjf
Cruriblo Steol K3!
v,tucidio oicei pr ..
ucl Lack A West
MOTOR STOCKS KEEP
CURB BROKERS BUSY
Large Volume of United Dealt
In, But Heavy Tone Develops.
Chevrolet Hits New High
29)f
5'f
102
139
10)f
84
110H 110)1" 11054 110)4
.227 2304 230 230)4
13 13)f
98 09)(
129Jf 129J4
108 108
20J4 20J
43)4 43)4
29Jf 29)f
63Jf 63Jf
101 101H
130 139
ViM 1934
8.1 84
$3,800,000 in Gold Arrives From Canada
NEW YORK, Juno 1. Gold amounting to approximately J3,SOO,000 arrived
from Canada this morning and was deposited at the Assay Offlco for tho account
of J. P. Morgan & Co. This brings tho total under tho present movement up. to
$27,006,000.
Confirms Sale of Milwaukee Electric Railway
-, , CHICAGO, Juno 1. Federal Judgo Landis has confirmed tho salo of tho Chi
cago and Milwaukee Electric Railway for $4,500,000. Judgo Landis told the law
yers, whoso fees aggregated $600,000, to present their bills to tho Reorganization
Committee.
New Jersey Zinc Declares 5 Extra Dividend
NEW YORK, Juno 1. Tho New Jersey Zinc Company has declared an extra
dividend of 5 per cent., payable Juno 10, to stock of record May 31.
United Slates Steamship Co. Declares 1 Per Cent. Initial Dividend
NEW YORK, June 1. The directors of the United States Steamship Company
have declared an initial dividend of 1 per cent., payable July 1 to holders of record
June 16.
NEW YORK BOND SALES
, 02
, SOW
, ua"!4
nil?
I
, Illzh.
2O0O Adami Rxrros 4a.... 03
S0OO Albany & Sua 3V4a .. 87
1000 Araer Aur deb Ss .... 97U
2000 Am Cotton Oil fi .... 07
I080OO Anslo-Prench Sa OOU
SOOO Amer Tel clt 4a U2M
1000 do convJa 102
8000 docvt4Ha 108U
1000 Atchlaon sen 4a Il.lVi
14300 do re 4a D3K
1000 do ArlX 4Ha 1)7
OOOO do cv 4a 1033 105U
2000 do cv (. 10(10 105
11000 do CV G 1017
60OO Atl Knox & Cln 4a...
10OO Atlantic C L lit 4a
2000 do clt 4a ...
8300 Bait & Ohio 3tta ...
2000 do 4a
11BOO do cv 4tta OOVi
12000 do Sa ,.100)4
1COO Brook R T Sa 103
8000 do Sa 1018 101
1000 Brook On Ely lat Sa..iaiK
1000 Brook Un Qaa lat Sa..l07
12000 C C C arm 4a 80Vi
8000 do 4Ha SO
31000 Can Gov Sa w i 1D20..101U
2000 do 1031 102H
148000 do 1021 100
BOOO Cent I-eath lat fis ....102
1000 Cent Pao lat 4a ..... HBH
4000 Chill Copper 7a 129
000 Chi at Veat 4a 71
32000 C II a Q joint 4a . . . 08S
low do Den sa
1000 do III 3 Vis
ISOOO C M & St V 4a '23
3000 da ren 4a ......
100OO do dlv 4a ......
7000 do cv Sa
12000 do cv 4 Via .....
4000 do sen 4Ha ....
1000 cm Ilwy Sa 07
13000 Col Midland ct 4a ... 14.VJ
2000 Col A South 4 Via .... 1S
6000 Corn Products Sa 3'4 08)i
6000 Cona ait cv 124
1000O Cuban Am Busar 6a,102U
1000 Sen nto Or 4a .... 78
0000 do rid 6 70
16000 Dia Becur Corp Sa ... 77U
1000 Du Pont Powder 4tta.l01
2000 Eaat T V O con Ba.lOSK
8000 Kris sen 4a 711
1000 do 4a Ber A 71(4
8000 do 4a Bar U 77
1000 Brio Pa col 4a ...... 80
1000 Krla cv 4a Ber D w I MK
6000 at Tslla Power Sa ..100
1000 a rest Nor lat ...... SSU
4000 Hud A Man In Sa.,,, 28U
SOOO Hud 4. Man rfd Sa,,, 78
16000 111 ateel deb 4Via..,. 01
8000 Iowa Cent rfd 4a.,,, SBU
6000 III Cent rfd 4a....;,. sy
,6000 Interb Met 4b 73ra-
11000 Interb R T ret Sa,.,. 8'
41000 Int Her Mar ct 4Via..l02I
1000 lnternl Paper 8a 102
fiffim JanxtiKM tat iU, . aiti
00O Jap new O S 4H,. 81
ft (W1 Jatuanakaui iyr AlL m U&f
2000 Kcnat . i
3000 Kan City 80 Be, . . . ; . OJ
101
sad
1UII xuu
102W 102
80T4 80
128J 128
70),
uaK
sasoo do cv sa Yutt
7000 South Pac rfil 4a..... DOVS
ffi Soi"n nwy.mn 4a . 71
20000 do con Sa 10114
3000 do St L, 4s 82
?2S2 Ierm A" st L ref 4s 8(1
1000 Texaa Co cv Oa 103
1000 Third Ave ref 4a .... 81
8500 do adj 5a 70
6000 Toklo Sa .." 77S
1000 Tenn Copper ret ft pd.H2K
1000 V a Rubber U. ...V. 102?t
44000 U S Steel at 8 103
1000 do reit at Sa 104 K
2000 U 8 8 It & M (Is ....lit
6000 Union lias; and P Ba.. 82 K
8000 Union Pac rfd 4a .... 1)0
8000 Un Rwye 8 F 4s .. .. 30H
0000 Va llwy 8s 1)754
1000 Wab-P T 1st ct 4s.... nii
8000 do fl pd 3.11
BOOO Wert E & M notes 8a. 101
23000 West Bhoro let 4a ... 87K
1000 do 4a ".....I; 02
1000 Wlncon Cent sen 4s .. 80
Low. Close.
1U4J4 liHi,
nnv.
i8
82
80
103
81
78 K
77
Iinu
71
101 H
82
80
103
81
70 W
77 '4
112K 11244
Il lUL-
103
sou
87 J
0794
3V4
33
101
87 T4
02
103 H
104 4
111
82 Vi
80
38H
B8H
07 K
3H
33)4
101
87 T4
02
80
fi"
iSItt
looV
B3
.UOVi
Lacka Steel Ea 19M' nan
1000 Lacka Bteet Sa 1830., 02
Euc aa ceo 4a lB-'S... 05V
Uc 8n deb 4a 1831.'! 84
UrAMTSa !l02Vl
1000 Lons laland con Be. .10.V
fcSSI.a.H.fr:;.8
1000 Max Tel Sa.7 "j01
P B 8 M 4s,. S2H
A T 1st 4a,, 74
ftOOa If Inn A Rt
91VWI Alion Bl 1
bOOO Ma Kan
llfiAil Un Tsan A. f M.
IgM JIo Kan A T extii:' 43
leeo Mo Pan ct 4a 4a
ao raa cv oa . ..... 47
kl Padtte cons 6s... 101
oont Power Ba...... 07
ysaa Chat i.st'tki'.m
T Air Uraka ovt Aji 10.4!
1 H V Lacka A W ei. io
'NTOLI SVis '78
T O 4 H , ...,.118
sivs
o
SM
.
I0l8
ITOill 3.
' T C t Hud 4s,
r u llua 4
82
10SV
!?1
118
m
ilCn'
1 K Y City re Ii35.
1 N r City 4s 198T .
i N V City T4 10 i-
1 r tity
I M Y
Btf
K T Rwy ref 4s.
X W? aai s
otew
IKTi
ta
1 N X TllIH
Yt J
f
mi
Mor
a; 'Wear.
West
.84
100
ioij
Hi
78V
inl
ft M
). cr an lev
eat fa. . SS5
City 4 Via 1680 ,
City 4 a 184 .
4 1891.
Pao prtar' 4a
ae aea a. .
Klver as. .
at lat Ea. . .
Tl sa.
4a 1818 . .
Sen ot 414a
IWi is..
p T&rv K J:
iSS
Ir 8 Ci. ...
lajz&d rid im
U!aa4 6a, . .
ct on Bta S)m
A X. '
lv
Wl ... . . 13
A 4 Ar P 111 J. SI
a,.anaa) aa
FA4i i
t'
,...
i
im
Bmmi
Ts.
iu
:.;. 4fl2
GOVERNMENT REPORT MAKES
COTTON PRICES SOAR HIGH
Big Advanco la Soon Lost on Account
of Favorable Weather
NETV YOIIK, Juno 1. The Government
report on cotton, making' the condition 77.6.
was a distinct aurprlse to the trade and
resulted In active covering, with an Im
mediate advance of about 12 points. A
figure or 80 or above had been generally
looked for, and It was assumed that the
drop below this level represented a spotted
crop, good In some sections and poor In
others.
The report compared with 80 last month
and a 10-year average of 79.8. Only twice
In the last 10 years has the June condition
been lower than now, and about four times
In the last 20 years.
Shortly after the publication of the re
port new buying orders began to arrive
from outside sources. Increasing the ad
vance to a matter of 15 points, and send
ing prices about It points over last night's
close.
Delaware & Hudson 155 153 153 15'1
Hen & HIo Or pf 27 27H 20M 20H
Detroit United Itys m 114JJ 111M 11 IK
Distill bee Corp'n 51K filH 51 fil
Domo Mines 20K 20JS 20K 2GK
H 38K 39tt 38K 39K
i-nu isi pi &j!f &i 63$ 54
General Electric 172 171 171 171
General Motors pf U0!f 110K 110K 110K
Goodilch Jj F 7fljf 77j( 7m 77
Goodrich I) F pf 115)f 11CK HfiK 115K
Grcene-Cananea .17 -18K -10K -10K
Great Northern pf 121 122K 121 1223
Q Ncfs fororo prop.. .. 39K 39f 39 39$
Gulf States Steel 77 Siii 78 81
Oulf Slates S 1st pf 98)4" 101 K 109K 101
umr hiates a 2d pf 81 00 SI 89K
Int Harv Corp'n 82M 8IK 81W 81K
ini jiarv torpn pi iu.j 100)5
InspCyn Cop -15 45
Int Nickel v t cfs 45J .10
Int M M c of dep si'i 25K
Int M M pf c of dp . .. . 03)f 9oH
Jewel Tea go 87
K C Ft S & M pf 70 71
Kan City Southern 20 2rtK
Kan City South pf OIK OIK
Kelly Spring Tiro 74 Jf 75
Kennecott Copper 54K BIK
Lack Steel Co 71 70
Lehleh Valley 83 84K
Leo Rubber Tiro 52)$ SO
Lone Island 3lj 35H
Louis K Nash 131K 129K
Mackey Cos pf 08W OHM
Manhat Elov ctd 129K 129K 129K 129K
Main ell Motors 5K 85!f 84K 84K
Max Motors 1st pf OOJf OOh 00 00
Max Motors 2d pf 58 57K 57y 67M
May Dept Stores 00K COK 04K C4K
Mexican Petroleum 109 10SK 100K 107K
Mex Petroleum pf 00K 00K 00 OdH
Minn St I & S 3 M ....122K 120 120 120
Minn & St Louis 7 OK OK OK
Miami Copper 35M 35K 35K 35K
Missouri Pacific OK OJf OK OK
Mo Pac tr cfs OK OK OK OK
lat Biscuit pf 129K 123K 125K 125K
Nat Enam & 3 Co 23 22K 22K 22K
Nat Iad Co 07 07K 07 07K
ijevcpncop . 17K 17K 17K I7K
New "iork Air Drake ...130K 130 135K 130
n y n 11 & u 01 cojf mm COK
105K 100K
445 i 45
4oK 45K
24K 25K
03K 04f
80 87
71 71
20K 20K
OIK OIK
73K 75
&1K 54K
G9K GOK
82K KiK
13 50
31K 35K
120 129K
08K OSK
NEJW YOItlC Juno 1. There wero many
cross-currents in the trading on the Broad
Street Curb today with most Interest at
tached to the motor" stocks. United Motors
continued to be dealt In In large volume, but
developed a heavy tone nnd, after selling
nt 81, declined to 79.
Juno 6 has been set as tho date for deliv
ery of stock certificates which have been
traded In when Issued, and contracts for de
livery when Issued must be settled on that
4 ay. .
Saxon Motors, which had ruled strong for
lome time, after sellng at 83 this, morning,
declined to 79, and thero was a recession
of 2 points In Terlman Itlm, which ranged
from ISO to 148.
Whlto Motors maintained a strong tone,
making a gain of 2 points to 66. Chev
rolet reached a now high record with sales
at 251, but dropped back to 246. The tiro
stocks wero active, with Flsko Tire ranging
from 120 W to 130, nnd AJax sold nt 00 and
68',4.
Tho oil stocks wero also actlvo, but most
of theso Issues Bold at concessions with
trading In Metropolitan Petroleum at 23 M
to 23 nnd Cosden & Co. at 25V1 to 24 M.
United Western was exceptionally strong,
selling nt 1W to 1. Flemish-Lynn con
tinued Ind cmand with Bales nt 7H to 7.
Tho ol()-tlmo lenders wero traded In with
in a narrow rango. Cuba Cane Sugar
selling nt 55 nnd 55, nnd MldVale Stoel
sold at 62 H to 61 . Monitor Silver sold nt
1 and 2.
INDUSTRIALS.
nid. Aaked.
Acfne Tea 38 38
Acmo pref 8R, 8f
Aetna Uxploalrea 17',i 17tt
Ainx KUbiier Tiro u uw
Am Hrlt Mfff 12
Am Mnrronl a
Atlantic Oulf & W I 41
rln nrnf ......... nl
Canadian Car Co H8
Can Car A l'ily prof 88
nh-vrnl-t fntnrn ?47
Cuba Cano Sonar t ftS,i
Curtis Aeroplane 4H
Urlnzs.Sealiury .120
i;ienlohr Tob 4-'
do pref I'll,
Kmorson Phonograph 124
Flpmlfth T.vnn 7
Haskell & Darker Car
Hcmlcn Mfx
Intpr Mer Mar
do pre!
Knthodlnn llronza pref
ivrcss & lo
Maxim Munitions ....
Manhattan Trans ....
Mnt Tpt
Mldrnlo Steel 01
Otis nievator no
Peerless Motors 23H
Poole r.ng OH
Haxon Motors Ml '4
H H Krrsire w I 11
Htandard Motors f
Hubmnrlne 3H..
TrlaiiRlo I'llm 3H
Unltnl Prnllt Sharing; J,
United Motors 70 H
B 3 I, S II com 2i
do pref 3
Whltn Motors 50 ,
World Him T4
STANDAIID OIL.
Illinois ma
Ohio
Pralrlo Pipe 213
Htandard Oil of California S4R
Htandard Oil of Now Jersey 318
standard Oil of New York 207
OTHEIl OIL STOCKS.
Harnett Oil .S'i
Cosden Oil 244
Chalmers Oil 4
Inter Petroleum 10
Ilii'Jton Oil 17
Midwest IlennlnE 07.,
Sapulpa IteO'lns 11H
MINING STOCKS.
Atlanta 11,,
Ilutto Copper nnd Zinc OU
Ilutto ami New York vh
Ccrro do Pasco 83U
rirst National 4(4
doldflcld Merger 11.
liecla Mining .. 4 '4
Howo Sound 3H
Jim Hutlcr .., 03
Jumho Extension 66
KeneHck Zinc 1.1H
.McKiniey-Darrartn .. dm
1 I
Sales in Philadelphia
liVt
m pref l)8J
. .... MH
e 100 Am Loco
17 Amer Ilwys 1
A China Coo . .
20 Crucible Steel . SI
100 Con Trao N J.. 72..
883 Elee Stor ..,, OlH
10 Diet Bee 31..
soo nrta 3f)H
100 den Asphalt,,. 11.1
10 da Pref ...... 70
80 Ins Co N Am. 23jj
Soo an prer ,,, ooii
44 Lake Sun Corp 10
86 Lelilgh Nav ,,, 78J
100 Lontt island.,,, 82i
aft T.hlffh Vnllev.. KA
100 ieh Vl Tran. 21(4
3 Miami Cop ,,.( 8(1
1104 renns. Kit in 08..
23 Pa.Bteel pfd.it 9814
no Phtla Co ,,.,. 41,,
10(1 do pM ..i.i, 38H
1R2 Phlla Bleo ,i.. 214
8200 P n T t c 10
200 ny Steel Sprn 43 ,
121 Ileadlnr 102i
10 do 2d nref... 40 It
S8p Tonopah .Helm,, 4
15 Tonopah Mini.. OH
04f Union Trao it 43..
41U unit aas imp,. 88H
Hlsh. tow. Close,
"it
r,2H
steel.
34
03
20
"$
ml?
ih
72
m
240.,
33
3
130
48
?
fo4
211
07
22
74W
23 i
02(4
SUM
no
83
".&
811
70
107
3'
218
231
BJ2
209
3T4
247
8
mi
is
08
12K
...... n
nno w m t i. ... i
223 Warwick I ft S.i 11
.11 West Jer ft B,. 4DH
537 W Cramp Sons 83
BONDS.
200 AmOSP.l!,, 01
2000 llald Lnc 1st Bs, 1044
1000 Blo A Peo Tr 4s 80H
300 InterstA Itys 4s 38
24000 Leh Va), Drex
. rcts4Ms ...10nW
POO Nst Trop 4.0s no
2000 ' Co m 4Hs,I()2 .
JJoo h ft fjrle (is.inoU
inooi'h, Co cons Bs 01(4
300 Phlla h, eo 4s. , 81 .
0300 do Bs ...... 104W
11000 IJend Ren 4s.. 03(4
(1300 Woisbnrh Co Bs on
33000 WNYftPa irn 4s 8.1(4
Net
. chge,
lift .
mH
83 8.1 .....
01 51 S
80 fit M
31 83
70 70.. .,..
2JH 2B ,
i uo vvn TZ?
5 l)J4 10 Yf
k mil ail -r
I 83 S4H H
Dili 21U ,..,l
80. 8(1 54
B7J4 B8 (4
08(4 08(4 .t...
88 J4 88(4 '(.'
27H 27(4 ti.i,.
18(4 19
43 43., . . i
101 T4 10t4 4
40 H 40(4 3,(4
l 4 4 "m
4?U !
?4
83M
4?
88 H .hi)
84( .H
18..
11 mil
85 3
Net
Clone. Changs
01
NTCW FINANCING DURING MAY MUCH
LARGER THAN SAME MONTH IN I&15
Total $191,914,400, as Compared With $98,308,000-Phila.
delphia Transit Trust Certificates Again Strong
on Local Stock Exchange
Low.
v.i
noli
B8
1004 100(4
Jof?4 151; ...j,.
B8 5i
no
102.,
100V4
l"i4
05
1)0 ,
84H
R1
102,, .....
100(4 .....
PP 1U
03 ...
no,, ,54
83(4 1
New York Bond Sales
Baldwin 89
TodflV
Wd. Asked
do pref
pret . . .
ft Bus t
Magma Copper 13H
Mines Co of America 244
Nlplsslng Mines Co 7(4
San Toy IB
St Joseph I-ead inH
West i:nd Consolidated ..., 13-32
UONDS.
Cerro do Pasco Os 113
Ches Ohio Ba 05
Mldvalo Steel 6s DOK
13
21
30(4
0
13
0
B
D5
88
14
no
10
.1
104
13-10
118
07
11
01H
. 2VA 2SH 27 28! I
.100 lUOtf 105!f 106f
125 130 125 129
.114 U5H 114H H5!i
57!' 58H 67H 57!f
102 101H 101 101
40M 40H 40H
05 05 05
130 130 130
164K 104M 10-1M
44M 43f 4354
22J4 224 2H
102U 100JJ 101U
47 47 47
48,4 47)f 48H
18Ji 18U 18Jf
43 -lljf 43
lOU 15H 1011-
39H 305 39M
, , . Tes. close.
March , 13.14
July. 12.64
October 12.81
December ,,. 12,03
January .... 15.00
A-a-ust 13.74
Open.
i&eo
12.87
H
,71
11:00 s.oo
A.M. 12 M. P.M.
..... 13.18
12.67 12.72 12.70
12.80 12.84 12.84
12.01 18.00 12.09
18.02 18.03 13.03
mil ,
Liverpool Cotton
IiIVJIRPOOL, Juno 1. Spot cotton was
In moderate demand today at a decline of
9 points on the basis pf 8.74d. for mid-upland.
The sales aggregated 10,000 bales.
Including 3000 bales American. The Im
ports were 13,000 balet, all American. The
market for futures closed steady at a net
decline of J 04 points.
LOCAL MINING STOCKS
TONOPAH STOCKS.
Jim fiutUr
UacNanura
wwum -;
MUtHaU ln40U
MonUn
no
?()(,.
IIMKtiIMtfl
...a,...
ort hrn RtuV .' 7 -" f t
.i, iTa.iTI.-V ''
Tonopah Bxtenslon ...,i.V,...t
Ton9pab JUlnuuc ...,
niKIH .uia ......(
?i mi. aw i. iv... .... I,
OOLDFIBLD BTOCK8,
Bid.
,3
,08
24
23
28
I
ft.
gitrSarf'::::::::;
Booth
Bulldoc
COD
Comb .Frao
DlamondAsM II B .
B.'"
jrtoj
. i.
ill
:IS
.03
.09
sr
OoldlVeld doaaolUatad .' !b2
ooidneu Mrser ..vr.. ..:;::;:;; IiS
Jumbo Extension .84
hiwinia "7
Kawanast
w ... . .
Sand iKm
SUya Pick
il
,03
.03
.10
gtriV14?..'.-.-.-.-.::::::::::::;: a
:::::::::::.&?
Navads. Hill .
Nevada, yvoniit
Toocta llinin
INVESTMENT BANXKRS
KVO &Vcst.,
New 'Vork Central
Norfolk Western .
Northern Pacific . .
Penn Ilallroad . . .
People's Oas Chi .
Philadelphia Co ..
1 C C & St L pf . ,
Pub S Corp'n N J 130
I'ullman Co 105
Ily Steel Sp Co 43
Ray Con Copper 22Jf
Readlne loijfj
Iteadlne 2d pf 47
Republic Iron & S 47Jf
St Louis Southwest 18(
St L Southwest pf 42
Seaboard Air Lino 10
Seaboard AL pf asu
bears itoe & Co lfiri'f isi 1JU 1R4
Sears Roe Sc Co pf 120 120H 1201S 120H
Shat Ariz Cop 31J4 31M 31H 31K
Southern Pacific 03 ogjf 08)5 09)f
Southern Ily 22J4 23H 22 23H
Southern Ry pf 05H 05i 05M 65H
Standard 11 llllnz lOl 103 103 103
Standard Mllllnc pf 01 04 oi 0-1
StudebakerCo 138JJ 138K 137M 1385f
icuu v-upiKj 43) ajt 4-jjj 43
icxiuiacnic 11?4
Third Avenue G2H
Twin City RT 09
Unlou Ban Is. Paper 6Jf
Union Bag & P pf so
United Cigar Stores 00
Union Pacific ,.,.140 138H 137f 138M
Union Pacific pf 82f 82)1 82Jf 824"
USIndAlchol 158U 160 158 168
"SOIP&F 21H 23H 21H 23Jf
United Fruit 159 1Q1M 159 160
un Jlys inv Co pf lojf 10M I9H 10H
u jiuuuer O09(
U S6teel Corp'n 85W
u a oieei v;orpn pi 117
US 6m R &M ,.., 73
Utah Copper SO1!"
Utah Securities...., I0)f
Va-Caro Chem ,, 42)f
Wabash .....,...,, 15
Wabash pf A , 49f
Wabash pf B 28U
Wells Farjo 125) 127M 125
West Union Tel 05)4 OCX 95
wesi m s !,.,, BHj G2
Western Marrland .,,,., 32) 3214
Wheel & Lake Erie 5 4)f
Wllljs Overland.,,, 272 275
Willy O pf rf P....106'l' 107
Quoted ex dividend.
12 11M 12
02H 02M 02H
OS 08 08
5 6 5
30H 30U 30J1
05U 05f 034
50i 55)4 50
84H 84 84K
117 117H 117H
73
81
10H
42
15
50Jf
2H
71'i-
8034
16
42
UK
40H
28
72M
fcOH
10H
42
I4)f
60
28
127H
05
62
32il
4ii
275
106 107
61H
32)4
45f
272
AVE DEAL IN
Cosden & Company
Bonds and Stock
Cosden Oil & Gas,
Common & Preferred
Stock
Information furnished and orders
promptly executed.
Middendorf,
Williams & Company
INCORPORATED
Eauitaile Building, Baltimors, ML
riinii in, ? .
""" ' i"ir" 1 11 r im
?5&
LIVE STOCK QUOTATIONS
CHICAGO. Juno 1. IIOQS necelota. lS.Onni
market 6c. rusher: mixed and butchera, $0.2S
0.2S0.43: light. 0.2500.85 pin, 6.a5
CATTI.lS Receipts, 3000; market strons;:
beeves. JH 23JP11.IP3; cowa and heifers. S4.4I!&
0 75: Blockers and feeders, JO. 0000: Texans.
7.li0fiii 40 calves. $8.7nrfll.SB. '
SIIKEI' Ilecelpts. 0000; market steady:
native and Western, t5.BO0D.23; lambs, 18
10.45.
,B,A.
fi DiTntTP cumnm
m rvvum uuwiviu
SECURITIES
Public Service Securities are
a lien on tho success of com
munities. C, Dubuque Electric Company 5
1st Mortgage Gold Bonds.
C These bonds are an absolute first
and only mortgage on all the properties,
ngbt and franchises now owned or
hereafter acquired.
C. Their value is largely in excess of
bonds and preferred stocks.and earnings
are over 2 times interest chargesi
C The company enjoys the highest
standing, is managed by experienced and
successful operators, and its bonds offer
an unusually attractive investment.
C Tax Ref. in Pa. Price tonet5.50 .
G, Fullest particulars on request.
JBalcer, Ayling S? I oung
Land Title Building. Philadelphia
ELKINS, MORRIS & CO.
BANKERS
Land Title Building
Philadelphia.
-High Grade
Pennsylvania Tax Free
Railroad Bonds
Equipments
and
Public Utility-Bonds
MESIUEUS
NEW YOR1T, AND FIIILApEUim,
STOCK EX01IANGE8
Man of Banking; Exnerleme
are belns; sought for advisory and
possibly executive purposes. Two
familiar city banking; one country
banking ;; two who have studied and
bIIve In branch banking Qroun 0
men of national prominence desire
confidential communications from
men. as described above.
uox xi 491. s-tuter Central
Barnctt Oil & Gas Co.
BOyQJiT SOLD Q DOTED
WrUt or ttirtaf clroutar 19. I,
E.H. CLARKE
lassatmaat SmotUUs
T William fat, few Yrfe ClU
sssaaaasaaMSaWaaaaaBBt
DWBtrroT or AccaturtAsta
cvmi yimu Ammii.
I vsismAHm a;
?
Dult
do pret
Drill 3 Q-.
Cam ateel
Hleo Stor
Qen Asp ,
ao prer
..10ti
no
33..
.?
Keystono To I II
110 ir ctrs 14
do pret OR
I.nko Sup Corp lo'.i
tahlirh Nov 70'i
Ixjhlsh Val 8.T.5
Lohtgh Vftl Tran i'l
no prer 43
Penna r7i
rnna j;ioc
1'lilln Co
do o nr runt nr .... HH
da Uper cent pr ... 41j
l-niia 11 t t c ....... 18!i
Iteadlnr lnld
Tonopah Del 4 0-10
innopan iviin iiYt
Union Troo 44t
U O I 88
u n Hicci
York Hwy
do pfd r 80
vm urnrap t 0 .
8014
111
m
00
40
oin
34
ii8
an
io
77
8.1
III
,
84
14U
'
BANK CLEARINGS
Bank clearlnes today compared with
spondlnc day last two jenrs:
1010. 1010. 1014.
I'hlla ...
New York
lloston . .
St. Louis.
Baltimore
$51,724,81)7 J37.800.OSS 20.442,40ll
ui-i,uifl,l jon.uou.VL'O mn.O48.880
Testerday fifcs
in.!. Asketl. (Wl
80 8014 Nb'
10054 in,
BOH
no no
88,, 40
8214 ..
82(4 83
nj 71
14 14ft
08 '00
111 10
70W 774
83 . 88W
tr 'ii ia n it
4314 43 43V4
08 r.7Jl B74
27i 27JJ 27
".. 30., 40
42U 41H 42M
IP.. lBVi 18"4
44 4 9-10 44
nfi ili o
45 44 44U
88 881 B84
84 84.W 8454
HM 14Vi 15
37 .10 8014
81SV4 82',; 84
corre-
Much now flnnnclne; was done during the
month of Mar, tho total being liSl.BH.lOO,
against 98,308,050 In the samo month last
year1, according to figures compiled by tho
Journal of Commerce. About 36 per cent
of the total wn used to pay off or refund
maturing obligations. New financing since
the first of tho year reached the total of
$1,184,401,200, an Increase of 1483,371,100
over the same period of the previous year.
Of. the new financing during May
191.00E.B00 was dnnn bv railroads, nn In
crease of 116,061,500, while that done by
Industrial corporations wis $100,908,900, a
gain of $93,600,400.
For the five months tho total railroad
Issues wero $438,532,700, a 'decrease com
pared with tho flvo months of 1B1B of
$17,472,400. Tho total Issues of Industrials
were $749,968,600, nn Increase over tho flvo
months of 1016 of $600,843,600.
Philadelphia Rapid Transit trust certifi
cates wero again tho most active In the
trading on tho local Stock Exchange during
tho morning session, advancing Vi beforo
tho end of tho second hour. On tho whole,
prlco movements woro mostly upward.
Lake Superior stock responded to tho
nows that tho Canadian Parliament had
ratified tho arrangement of reorganization
ns pnBsed nt the meetings of tho company's
subsidiaries, the Algoma Central and Hud
son Bay Hallway Company and the Algom
Central Terminals Company, ia,,
March 28. The proposed arrangement by
this action Is now effective.
In the afternoon Western New Tork aiM
Pennsylvania common sold at 1B4, up ju
and ft new high mark for the year r
Bolldoted Traction of New Jersey adiAinIv
1 point Cramp trust certificates sold .
86, up 3, and later lost 2 points of the gthi.
Wo Own nnd Offer
Hudson Co. (N. J.)
4s
City of Chester (Pa,
Particular on application
A. B. Leach & Co!"
IIS South Fourth St.
Philadelphia
iv
i
j
84,457.034
17,ur,7,012
0,408,072
in.nnn.mn
15.400.H54
S,018,a02
2R.03IS:fll8
13,214,210
0,800,000
RATES FOR MONEY
Call.
New Tork lMQaJ1
Philadelphia a 3S
Boston ...i 3 &
Chicago 314 04
Time.
3iy?8tt
Solvny Oil to Issue New Stock
SYRACUSE, N. Y., Juno 1 New stock
amounting to $2,000,000 par value will be
Issued In tho near futuro by tho Solvay
Company of Now York. Stockholders wore
notified to that effect by mall today. Tho
now Issue Is the balance from tho $10,000,
000 capital stock, nnd tho prlco was fixed
by tho directors at $200 a share, with stock
holders of record May 31 getting tho first
chance to subscribe.
"Principal May Be
Registered"
In our monthly bond list we have instituted a
brief explanation of the terms used by Bankers in
describing investments.
Our
June Investment Circular
discusses the above subject in addition to presenting
a number of desirable bonds which embody this im
portant feature.
Copies will be furnished on request.
Edward B.Smith&Co
ESTABLISHED 1892
BANKERS
Members Philadelphia and New York Stock Exchanges
1411 Chestnut Street, Philadelphia
30 Pine Street New York
$1,250,000
Southern Counties Gas Co.
of California
First Mortgage 5V2 Bonds, due 1936
This Company has recently acquired from the Southern California Edison Co.
the property of the Long Beach Consolidated Gas Co. and other properties and
is now serving a population of 200,000 within a 35 mile radius of Los Angeles.
EARNINGS N
As officially reported for twelve months ended April 30, 1916
urosa Kcceipts . . . .
Operating Expenses and Taxes , .
Net Earnings ...'......
Interest on $2,500,000 First Mtge. Bond3 . .
n is dependably estimated that the net earnings for the first year of consoli
dated operation will be more than double the interest on these bonds and will
tnerearter increase rapidly. x j
l A?!fJXao!.Voe aPPra8a! f physical properties discloses a replacement
valueof $3,440,848 or nearly 40 above the bonded debt. The mortgageSSns
strong escrow and sinking fund provisions to conserve this substantial equity.
Price 100 and interest, to yield 5A '
E. H. ROLLINS & SONS
1421 Chestnut Street, Philadelphia
$772,711.91
541,035.44
$231,676.47
137,500.00
I
FIDELITY TRUST COMPANY
Biroad Street Office
N.ECor.BroadfChestnutSts.
r. jf.1 ' 4L4MIJWJ
aPW