-"Sy"-
. 14
JGVBNING LEDGER-IHILADBHIA, MONDAY, JUNE J
r
FINANCIAL NEWS
:-
. ix:
tf- .
SCARCITY OF STOCKS MAKES IT EASY
TO BOOST PRICES OF THE MOTOR ISSUES
Deposits Under Consolidation Schemes Taks Supply Out
of Street Many Shares Advance From 10 to 16-Points.
, Large Interests Buy Marine Preferred
New York Stock Sates
i
Wf s
Kt
P
&
High Points in Today's Financial News
Phitadetnhta bank statement tfir week iihowed increase in individual de
)xsits of $13,329,000 and the. surplus was $6,780,000 larger. Loans fcll
$205,000. Meeting of stockholders of the B, , du Pont de Nemours Pawdtr
Company to deertase capital stock from $60,000,000 to $4,000,000 postponed
by court action. Price of bar silver higher m New York and London.
raM of new company which will absorb Wulys-uvcrland and, other con
L
cerns wilt probably be American Motors Corporation.
Ufivngo closed on account of judicial election.
Hoard of Trade at
NI5W YORK, June S.
Although a good deal of Wnll street's nttentlon Is not necessarily devoted to
political prospects because of the approaching Republican cenvcntlon and to the
war news, scarcity of stocks became the dominating Influence In directing prlco
movements today.
This condition became most pronounced In the motor stock because of
the deposit of many of those shares under pending consolidation schemes, leaving
the floating supply extremely scant. This made violent advances easy to effect,
As .buying orders could only be executed nt violent upturns from previous pre
vailing prices.
The result of this situation was that many motor stocks rose from 10 to )0
points, nearly all of them being established at new high records.
Willys-Overland started the advancing-wave In these Issues, with an advance
of 15.j)olnts to 325, and was followed by Chandler with a gain of 11 points to 131
and General Motor with an advance of 16 points to 665.
Other motor stocks were lifted from their previous 'positions, by these up
turns, Maxwell Motors making a gain of more than 4 points and crossing 89, while
a substantial advance was made In Studebaker.
Conservative Interests regard the high levels obtained by this group of stocks
S3 Unusually dangerous, but a speculative clement, which has gone wild over tho
motor shares, seems to feel that there Is no top In sight.
Large financial interests were heavy buyers of Marine preferred during tho
lay because of Intimate knowledge of the provisions of the reorganization plan
Which will soon be announced. A leading member of one of the committees
stated this afternoon that tho plan will provide for the payment of accumulated
dividends on the preferred stock partly In cash and partly In debentures, but tho
proportion has not yet been decided upon. A meeting was held this afternoon
and another meeting will be held tonight to act on this matter.
American Beet Sugar continued In demand, from what Is believed to he new
Interests, and advanced more than 3 points, another new high record.
A good deal of Importance wis attached to the activity and strength In Bald
win Locomotive. When it Is considered that tho stock has hardly a friend on
Wali street, tho steady accumulation must beregarded ns significant.
Many of the low-priced industrials, Including International I'npcr, were In
better demand than they have been for weeks past, but the standard issues, liko
United States Steel common, Union Pacific, Reading and New York Central, were
neglected.
Postpone Meeting to Reduce du Pont de NcmourB Capitalization
WILMINGTON, 'Del., June 6. The special meeting of the stockholders of tho
E, I. du Pont de Nemours Powder Company, called for today at Hobokcn. N. J.,
for tho purpose of voting on a proposition to decrease the capital stock from
$60,000,000 to $4,000,000, has been postponed owing to tho suit brought In the New
Jersey Court of Chancery by holders of $44,000 worth of 4H per cent. 30-year gold
bonds. The plaintiffs ask that the assets of tho company be held Intact until tho
bonds mature. The suit Is Bet for a hearing at Newark on June 13. The com
plainants are Francis S. Hoyt, Gcorglanna H. Swords and Elizabeth H. Day, of
Morrlstown, N. 'J., and Ida M. Drown and Jennie P. Piatt, of Washington, Conn.
DURANT'S PROJECTS
HOLD CURB INTEREST
Nearly All Motor Stocks Ad
vance to New High Records,
t Fluctuations Frequent
NEW YORK. Juno 5. -Nearly all the
Interest on the Broad Street Curb was con
centrated today In what was believed to be
the operations and projects of Durant.
Stocks In which these activities were be
lieved to bo concentrated fluctuated in a
violent manner with nearly all the motor
stocks making rapid advances to new high
records. N
The way the market was ruled by these
operations was showp by the fact that more
than 4S.O0O shares of United Motors were
traded In during the first two hours, car
rying the price of that stock up to 04.
Perlman Rim. which goes Into tho United
Motors, was traded In at 1B6H to IG'1.
Peerless rose from 25i to 23U- Spring
Body moved up from 70', 4 to 78 and White
Motor rose from 58 S to 60. Chevrolet,
which started at, 273. quickly rose to 278
and Edmund and Jones rose from 45
to 49H.
Trading In these stocks all through the
day was on a la ;e scale and advances and
reactions were i frequent that It was hard
to keep track of the fluctuations.
Outside of the Curb, the Street Is dis
posed to .regard these movements as ex
tremely dangerous, and a good deal of
doubt Is expressed as to current values
being warranted by the earning power of
the various companies. ,
There wilrta strong tone In a number of
other Issues In the early trading, but the
advances In the motor stocks generally
caused a restriction of dealings, and few
Issues made any change worth noting. Mon
itor Silver continued the most active of the
mining stocks, selling at 2tt to 2,
INDUSTRIALS
'Acme Tea
New York Bond Sales
lSJIion Anglo-French .Is ..
1000 Amer Tel clt 4h . . .
20OO do cvt 4 lis
"000 Amer Writ Tap n
7000 Armour Co His ..
looo Atchison cen Ik ..
.000 Alan Co Line clt 4 ..
2000 B and O 4s ...
moo do cv 4 ',4a
2001) do Swn S'.in
HlBh. Low. Closlnc.
m K.tt H7
02
UlN'i
7UH
tl.-t.
mi
no.
ltd '4
.. ri
..ION';
.. 71V (4
.. 34
. u:i"t
nil's
mi "k
inn.
0.1
02
10H',i
71) H
IK! i
u:ts
HH'
on.
IIII
110
M
Mil
5.15?
Astna Explosives ,,..,.
AJax Rubber Tire
Araerlcan-llrltlsh Ufa .
American Marconi
Atlantic Oulf A W I ...
do pfd .. . ,
Canadian Car Co ..,,,.
Can Caj A Pdy pfd ...
Chavroltc Motors . , , ,
Cuba Cane gusar . ....
Curtlss Aeroplano , , , , ,
prlin-Seabury
Emerson Phonograph
Flemish lornn , .
Haskell A Barker Car .
Hendee Mff ..........
Inter afar Marina
do pre .......,.'.
Kathodlon Dronxa pref
Kress Co,.. ..,.,
Alaalm Munition ......
Manhattan Trana
Jildyale Steal ,
Otl Elevator
Peerleea Motors
Poole Ens ,....
PuUman Htm .,,......,
8 8 Kreaca w 1
Standard Motora
Hubniariao ,
Trlanale Jitm ...,
United Front Sharing .,
? , , ,
nid
3.1 Vi
171
en
S
&2ft
, , IIU
M
2711
:::::::. St
tHrtl -.
a. i
::s1H
;; U
,. 03
,. 20
. . on
fi.58
. . IIU
. , 2
..joa
..1B3
2
unites Aioiprs wa -i
U 8 I, and H com , 2tt
da tn ........... ............ ai.
Whits Motora C... 88
Work Jrtlra ,,..,... 1
STANDARD OIL STOCK8.
rninoU .' V : -iSJ
Ohio ,-- ,...,.., -yO
Pralrl PIP f 2
Standard Oil at California 248
tandard Oil of New Jeraey..-. ....Ma
taadard Oil of New ott 20T
OTHEU OIU STOCKS.
2H
Inter Petroleum .....fc... JQT4
WA
Cftalisera Oil
Jour FetroU
Tuaton Otl
Midweat Kajjoin ,
MIKipa STOCKS,
Uanta .....,,,.....,.,..
tta capper mm r.v.
sHU. J T n.,
rr oa Jraeco &
at national
9v
1
H
M. Merger
All:
sVtcoeioii '...'.'..
Unto
led
.v..
W aoo
.fir.
ley-Darrakir
Coooer
Co of Amisrlc . .
tsc WlDce Co ...
i U4
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ijo.
noNoa.
& pbjo i. "'''
SK
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. 13
;:p
. 18U
. 1 3-32
UJ.
. 3
AxUed
37
IS
UN
18..
a',i
43
43
71
SO
278
mi
A3
126
13
"I
3
ill
28
U7
i'2
70
?s
a
op
l
5!u
188
230
217
551
rrr-'
son
S4H
a
JoU
88
12M
r
2i
A
'I
!
00
14
DO
41000 (n (In loilH
i.i;u, iirooii imp IT ."h 1D1K 100 10(1 '
lootio llrook- Un Elv let rm.iniS 101 !i
MII00 Can Gov An. wl 1011.1111 llll
KM)on du .in wl lli.ll mi "4 nil
.'ooo do .1h wl 1021 liio'i lnii'i
12INMI Cent Ltnther 1st .".. luili loa
0000 Cent I'm- Ut 4 Ni, mi'i
kodii Ctnt 11 II N J .'is lis us
2.1000 Chea & Ohio cv Hi a.. 8.1, S.Hi
20UII Chi t Alton 3V4 4.1(4 111'.,
201)0 C & K III ll 107 1(IT
liopu Chi II & Q Joint .Is. . H8S lis;
loon Chi n & Q ten 4 li:i( ii:iS
,2000 Chi & W. 2d t illjl 7llg
11101)11 Chi Jl tc St r 4a III23. 114, 1)4
20111) Chi .Mil It St ! l'l Aa.1113 1034
31100 Chi M & St P dlv 4. 112 1)2
33110 Chi 31 & St 1' CV 3..lim lll7'i
31000 C M & St P cv mu.ltim IDlAi
2000 C M i ill r gen 4H .slllli
.uitii unineHe uav iiuk os.
loon Col Industrial .In
M)llO Col M illiind 4a 1.1
2000 Col & South 44a N1H
13000 Comp Till lie 83
11)00 Uccrc & Co 4Vjb S2i
looo Don & lllo Or 4s 7.H',
noon Uen h ltlo Ur rM 3s. 7or
3.10(H) Uls Hicur Corp 3s... 77.
1000 Krle gen 4s 73
11000 Krle cony 4s 8er A.. 71'i
310011 Krle cmiv 4e Her D w I mi',i
4000 Uen Elec deb 3a 11141
2000 Hud & Hull rfd 3s 73
looo II Cen C St l.iN O Ss.llllH
.ilium ill Central rfd 4s mito
31)11 do 4s 11)33, 811
(10111) do 4s 1032, H1H
23000 Interb Met 4H 73i
hooo Interb R T ret Oa, . . . DH&
230000 lnt Mer Mar ct 44 a. 101
looo Japanese 1st 44s m',i
30000 Jap new O 8 44s 84
1000 Kan City So 1st 3a... 7n
looo Kuna & Jlkn 2d 4s... 1174
2IMK) l.ake U 4 W 1st 4s. . . DU
llltm l.ucKa Steel 3s 11)50. . U2
looil Let! Val foal .Is 103
loiin liuls t Nash 4s U4i
2000 Minn k St 1. 4 38
1000 Mo Kan t, T 1st 4s... 7.1U
1000 Mo Par 3s ct eta 1020 83
3000 Mont Power Bs 07Ti
2000 Nat Enam Dtp 8a.. 084
2000 Nat Tube 3s., V IUItJ
11)00 N V 1H-k A 4a. . . U8S
iiuiM, x i; ji os 114
1IIWI. oo av
ii,iiii no 4i
11000 do 44
2000 N Y I' IV 4s 1030 100
1000 do 44b 11)33 1074
HOOO do 44 s 11)03 1084
8000 n r n ii ft a s ir.'j?
;::.:.: i: . iBI r,
mini .tori a west
AOOO do 4a
3(8X1 Nor Pao prior 4s
-..... nur ac Ken os in,',
2000 Ore Rwy ft N con 4a. . ill'.
lnnn Ore IWlU.Vll... 83
3000 Pacific Tel 8s 101J1
BOOO Penna gen ct 44 a lolti
8000 Penna rn 44 a US
1000 p,jbllc Serv N J 8a, . 024
JIIIUI Rn 1 A a fta null
100(1 Rock Island 4s,
22000 hock Island rfd 4s.,.
2000 fat it ft 8 P gen ct .
3101)0 St t, ft H V adl w I..
3000 St U ft 8 P In w I .
2HOOO St I, ft 8 P A w ,
1000 8t P ft N T fls
1000 8 A ft Aran P 1st 4s 07
2000 Seaboard A I, adj 8s, , t!7
100(1 seaboard A I, rfd 4a
1X000 South Pao cv 4s.,,.
H300 South Pao cv Ba. ...
AOOO South l'ac rid 4a. .
4000 Bouth Rwy gen 4s,
l.loiii) Stuth itwy con Bs.
AOOO Tex ft l'ac ,1 it Bs..
1000 Texaa Co cv Os . . .
14 OIK) Third Ave ref 4s
0S0O Third Are adj Ba..:, 70S Tll'i 7U
lOOO II H Rubber 8s 1(IJI 111'! in-
4IOOO U 8 Steel sf 3a 103U 1034 IA3
if 01 .... U.IVi D.1V, 0.1
7SU
83
T?
8V4
101
U8H
113'.
is H2J4 82JS 82J
, 011 014 01
is 044 1)44 044
I IVOlf . . . . 1UI lllll HID
)33 1074 1074 1074
1113 1084 1084 1084
II IIS....1I2K 1124 112??
AIL ss (I tall tiulT iiulf
. cvt 44'i:i33U
B3'I
112'i
unil
1000 Utah rower
a
lis
3H
m
yftMngnf Y.BfUek Cotton Holidays
.UYimrOOU w A Aaiwuactimtwt
MM fee Jue
m Wi tf wte--tiimiM i,mtiMii m
adtaaaisaBBBSaBBaaBlnaBllsBaRBBBsBBBBaSaE 4Jus
eejftg (yjURaV InaaBalflMBlt 1s)a) fiifeeHi,
0000 Union Pac 1st 4a 074
looil union l'ac cv 4a H31
0000 Union Pao rfd 4a ... 0
Bono Un Rwys S t' 4s 3(1
BOOO Va, 6s Brown ilros. . 3D
vOOO Va Car Chm 1st Ss. . OH ft
S3000 Va Rwy Bs 1)81
4O0O Wabash 2d As U8K
1000 West Union Ba 101
""71 wnTS
133 135U
03'i llStl
l)2I l)2"i
111 II ifl
83 83
1014 1014
l()l!i 101H
103 103
024 024
834 834 834
74 74 74
imi mil, ;
804 81 Hi 81)4
47 47 47
70 0 70
004 1004 10OK
' 074 874
H H7U I174
(184 8S4 (184
884 88 88
1044 inul 1014
1)04 nn4 0114
,ois . dm
l7 1)7
104K ini'i
711 U TDK
g
a
. 117
.104U
Ml
1174
03
811
an
BS
98
1)8
08
101
fill
031.
t0,
3d'
r,
B84
081
084
lot
Total sales. JJ.e6S.0O0,
B39.0O0 last Monday,
compared with 13,.
Last close. High. Low. Cloe.
Admj Epresi 140 130 138) 138)1
A1ks Oold Mines 23 23k 2.3 23)i
Allls-(ambers lf 27 27H 27 27
AIII-CiMlKpf 82! 82M R2H 82!
Am At Chem pf 97li 08M 98M D85i
Am llect Sueur...., 77f 82(f 78 82!
AmnrakeSAF ..101 UY2 102 102
Am Can MH 50k o6H 60K
AmCar&Fdv fio coif M C05I
Am roai rroducH ,150W 10IH
Am Hldeft leather 8H 9
Am tilde ft; 1, fit 48!f CO),
Am ice Securltlej 28)4
Am i.ln)fcl ..... 21
Am Mnneed pf 48)4
WHEAT IRREGULAR
OUTSIDE CHICAGO
Market in That City Is Closed
Because of the Judicial
Election
Sales in Philadelphia
Net
Am 1-ocomotlte
Am U.romollvo pf . .
Am Malt Corp'n . . .
Am Malt Cotp'n pf .
Am Smelt & He f . . .
Am Steel Kounilrlos .
Am Suear Kenning . .
Am Tel A Tel
Am Tel ft Cabin ....
Am Tobacco .
28
22t
40),
71)i 72,'f
101 H 102
. 7) m
. 3.55 35)4
. OO'i !)8M
lit 1I2H 111!- 112
121)f 120) i 120) 129H
. 00 03 03 Oil
.2011 203?f 203! 203)
100
8)
40
28)1
21
48)f
72 W
102
7
33),
07U
60)
100
8),
fiOH
28f
22) 1
40
72),
102
7!
3.V
(WW
50!,
Am Woolen 45) j
Am woolen pf 08
Am Zinc I, A Sm .
Anaromla I'op M .
Atch Top ASK..
Atch T A S F of .
All COast Line 112'j 113
Hal I l.oro Wks 88)i 0())j
Halt A Ohio 01k 02),
Halt A Ohio pf 77 77
llalnpllas Mining 2
ilethlchem Steel 415
llrookljn Hap Tr 87Vj
llrown Shoo pf 101
Hutle A Superior 80k
40 45), 45k
07), l)7 07k
83k K4k Mli 83k
83k Klk 83k R3k
lOoi, 103H 101k 104)i
101 101 101 101
WKATIIKR CON1JIT10NR
Nr.1V YnrtK, June 8. Adrlcea .ttttUr
i.a ll'AAti,.. lttt,, Ihls tnnertlne Inol-
raled the following wrather condlllonsi
Trmiwrnturn
at
1 Canadian Nrthnrt..
Northet ,.,..,.,..,
Middle et
ftouthnrnt ,....,....
l'pper MUaUkIjipI nl..
.oner 3IUnlfllnPl inl.
Illeh
.preelp. lit
.prrrlp. 00
. .. clear fll
.preclp. 80
. .,eleiir 72
preeip. n
Ohio Vniler ....clear 08
'I.mv
30
48
30
48
OJ
80
38
lliitlerlck Co 28
Cat Petroleum 21k
Cal Petroleum pf 40
Canadian Pacific .'.171
Central Leather 51
Central leather pf Illk
Chamiler Motor 120
Ches A Ohio (53k
450
88k
1(11
01k
28k
21k
48k
170k
54k
113 113
89 80
oik oik
77 77
2 2
450
88! i
101
89k
28)S
21k
48!f
175)4
51k
52k
37
. -129k J 30
50
.10.8
. 4254
. 32
.100
.112
18k
t'hlno Copper
Chi (Ireat West pf
Chi Mil A St Paul
Chi M A St P pf. .
C C C A St I. ....
Chi A X W pf
Col Fuel A Iron ...
Col A Southern
Continental Can...
Continental Can pf
Corn Proilucti Kef
Crucible Steel 83
Deere & Co pf 90
Den A lllo Or pf ...
DMII1 Sec Corp'n....
Uoroi 'Mines
Erie..
Ocncral Klectrlc
General Motors
(ieneral Motors pf
noodrlch II F
Oranby Consol
Oreat Northern pf
O X rfs for ore prop.
Gulf Stales Sleel
Clulf Stales S 2d pf ..
Illinois Cent 101
lnt Agricultural pf .r3
lnt Con Cor v t c sh. ... 17k
lnt Con Corp'n pf 7ok
450
88)4
101
80k
28k
2D4
47k
175k
54k
Illk Illk Illk
13114 123)4 125k
04 (H
53 53
3714 37)4
OSk
130
50
109
42k
32
103k 101k 103
111 111 111
10
83k
90
20k
48k'
27k
38)4
0
Oik'
53U
37k
99k
50
109
4254
32
19)4
85k
90
27k
49k
27k
39 '
17
98)1
130
50
100
42)4
32
19k
83k
m
27k
48k
27k
38k
172
7k
. 4Sk
. 20)4
. 38)4
.1094 172
.549 8(5.1 549k 5(10
,116k 117k 110)4 110)4
. 70 77)' 70)4 77
. 87 88 88 88
.121k 122 122
. 39k 39k 39
884 8,
90 88
104)4 104
87
88
lnt Paper
lnt Paper pf
Insp Con Cop
lnt Nickel v t eft
lnt M M c of dep
lnt M M pf cof dp. ..
Jewel Tea pf
Kan City Southern
Kelly Sprlnc Tiro
Kennecoll Copper
I..T- Co BLiP
Pile Gas
lak iJrle A W pf
I eh ;h Valley
Uc Ituhber Tiro
Louis & Xash
Mackay Cos pf.
II
5()'f
44k
45k
25k
IK
52(4
lSk
75k
I2k
50
45k
40
27k
100)4'
52k
18
75)4
Ilk
50,k
44k
45)4
25k
08'
122
39
88
00
10454
52k
18k
75)4
12)4
53)4
44k
45k
20)4
99)4
Tim followlnt nrrf Inltnllon (In Inches! was
reported! ,10 nt .Medlrlne Halt .28 t I'rlnre
,lherli ,3t nt (lu'Armellel ,01 nt Moorliendt
,00 nt llhmnrrkl ,1V nt lllirom .14. at
llnrrei .18 nl .Miles lit I ,30. nt Mhrrldnni
.01 nt Cleveland! .01 nt Cincinnati! ,14 nt
Toledo 1 .18 nt Nprlnglleld, III. 1 .20 nt Krnnn
vlilet. .02 nt llodge City, nnd 1.01 nt
Mlclilln. ,
CHICAGO, June S. The Hoard of Trade
and tho hnnkn remained cloned todny be
cause of the Judicial election, Trices for
wheat In other markets displayed Irreg
ularity. ,
In the Northwest triey were down kc to
ic, and at Winnipeg they were up -H to
lie. at the outset, hut tho latter market
soon worked lower under Increased sell
ing. An ensler tendency was Indicated nt
Liverpool because of continued -free nrrlv
lis. Shipments from North America for the
week were 10,8(1,000 bushels, the United
Kingdom receiving 6,060,000 bushels,
France 1,272.000 bushels and Italy 1,234,000
bushels.
The Missouri crop report for .Tune put
the condition of the crop nt 57, ngnlnst 62
a month ngo and 69 ,a year ago. The Indi
cated yield is lfi.000.000 .bushels, compared
with .14,108.000 bushels harvested In 1915.
The monsoon has broken In India, which
Is favorable for wheat. Splendid rains have
fallen In South Australia and there havo
been scattered elsewhere In that country.
Itcports from the United Kingdom nnd Ar
gentina are favorable, but advices from
Russia nre not good.
Corn at Liverpool was dull. The Jtlssourl
crop report for June places the condition
of the crop nt 88, against 85 a year ago
and 75 last September.
The area shows an Increase of 1.6 per
cent. Shipments from North America for
the week were 1,155,000 bushels.
The Missouri report places the condition
0 oats at 88, compared with 86 least year.
Shipments from North America for the week
were 3,362,000 bushels, France getting
2,498,000 bushels and Italy 842,000 bushels,
Tho receipts of wheat at Minneapolis
nnd Duluth today were 653 cars, against
264 cars a year ago; at Chicago, 28 cars,
contrasted with 24 cars. Tho receipts nt
Winnipeg for three days wero 1414 cars,
against 175 cars Inst year.
100 Allls Chatm
inn iiufT A Rm t
100 Crucible Sleel.
10 Chandler Mot.
10 Krle .,.,.,,
loo lnt M (II I c,
2.1 do pf t 0 .1
loo Kenne Cop ..
3.-,0 l.k Sup Corp,
J.12 J.hloh Nav..
200 lire Itub ....
n i.en vol ,,,.
..1?5,
.las Ilia l' "
an - ',1
2n -IH
r.iii --
Die
an
2(l"i
Ml,
sx
an
2(14
994
10
7M
MM
S2H
loo Norf ft West. t3!4 '
'3Y .anVi,fV::too- ft" Io
20 l'n Htec pfd... " V? 1
J I'hlln Co . .... . 41 41 41
20 do cum pfd.. 4a- 4. J;
!M7 Phlla Klectrlc. 2S. 27H .
722 ! 11 T tr ctfa.-lOIi " lru4 ft
70 Hendlim. loot lonjk mp
100 Tono Itelmont . . ,4'n 4 ,i v j,
(10 Tono .Mining ... ,J'4 ."5 .','; Z. A
211 un on Traction, m ;; -.(j j. 14
211.1 Unit Oas. Imp.. RStt M 2!' I (J
IIU
-ti
0.1'
u
-
1
H
8t
11
84
22.1 U S Htecl MH
20 war 1 . .. iii,
45 W Cramp A S Hi
B dividend.
Total, sales. 3791 share,, compared with OOM
ehnre Inst 3tondn'.
110.VD3. Not
m.ht.ow. Close, chnni
tOIOil Am n A IS R.. A3 H2J1 '?,
(looo Hnlil I.nco loH loljk
2000 Klc A I'eo Tr 4s M i
noon ui Nv rns l(a.I02,,i
2000 I.eh Vnl Droit . ,,
rets -i1, a .... un,-.
SOU
102't
inn4
30 Nt Prop Co 4-ils. IM
nonoeiM.Co aen 4W. oljj 1 IK
20IHI1 do cons 4H.. 1 0.1)4 10.1',,
lon'i
HI
tn)
in;
114
"5f
loJA .....
102 H
8UO11 York
Tobil snles,
Inst .Monilnj-.
loon
110
lniw H
in.iH
14 111454 .....
if VM
IlMi
fln.ir.O, compared with IB2.600
niin r . t J Oal lis, tint
ail '' 1 (tin Oil sin . 1 '"' ,
1000 I'hlla A Krle ns.loilli
somrhllft Bice 4...8J
200 do Rs HM54
Boon tlesd cen 4s IWfi
K liy
1st an.
o.lV
Local Bid and Asked
.108U lOSJi 10S7, 10SJ,
20) i 20i
.. 74J 70
.. 63!, 5,!.
..CO 08
..105H 105
.. Wi 3S
. . 82IJ
.. 54
..120
nsij
83
SOH
Ma.tell Motors 85)4
Max Motors 1st pf mi
Max Motors 2d pr 58
May Dopt Stores 00
Minn & St I, pf 18(
Mexican Petroleum 107
Miami Copper US'i
Mlwiurl Pacific 0
Nat Hlscult 121
Nat Enam & S Co 23M
Nat Lead Co GIW(
Nov Con Cop 17,
fc'Jlj
DIM
OOK
00H
18)4
20,
70
535,
08
10.5
38
82H
584
s;
91U
SOI,
COh
18'5
New York Air Drake. .. .130
New York Central 100JJ
N Y O & West 28'4'
Norfolk & Weslern 134Ji
Ontario Silver Mln 74f
Pacific Mall 22i
PacldcTcl &Tcl 33
l'enn Itallroad 5S
People's Oas Chi 101H
Plttsburch Steel pf 08
Pitts C C & St L 85
Pressed S C Co pf 100
Pullman Co 104
Ity Steel Sp Co 43)4
Ity Steel Sp Copf Q7J.
Itay Con Copper 22?
IteadlnB 100!f 101U 100 101
IleadlnB 1st pf 43 42H 42)5 4215
Republic Iron & S 47H 47! 47JJ 473,
Republic I & S pf 11IJ, 1114' 111 111!.
Seaboard Air Line 10 17 17 17
Seaboard A L pf 40 3DJ, 30 30
Shat Aril Cop 31 32 31!,' 32
Sloss-Shef S & 1 53H 53 63 63
20
754
53H
08
105
38
82)i
54
130J, 120'j 130J,'
OSH OSH 08!,
85i
90H
58
60M
lSJj
100, 107H lOSJf
30 35i 30
0)j OX OH
120j 120'f 12(1)4'
24J,' 24 24!f
OS 07 07H
17Tg 17'.' 17Ji
134 132JJ 131
10G)ii 105'. 106'f
2SH 27!.' 27!i
135 ,133!i 134
rn h 7j.
00 w
33
58!.'
102
OS
851
100','
104W 10-14 104H
13!.' 43),' 43U
00M OfiJS OOM
23 E2M 22!.'
22Ji
33
585 i
102
08
88
100)
33
58)
102
08
88
100J4
224!f 230
.118 IIS
. 08H
. 23
. 00
.141?4'
43U
South Porto It Suz
South P It Sue pf.
Southern Pacific...
Southern Ity
Southern Ity pf ...
Studebaker Co . . .
Tenn Copper
Texas Pacific in.
Third Avenue
Union Ilac & P pf
Union Pacific
Union Parlflc pf ..
U S Ind Alcohol . .
US 0 I P&F...
USCIPiFpI
United Fruit
United Mys Inv Co 8!i
un itys inv 10 pr ...
US Rubber
US Rubber 1st pf. ..
U S Steel Corp'n
U K Steeel Corp'n pf.
USSm It &M
14 SS II iM pf
Utah Copper
Wabash
Wabash pf A
Wabash pf B
West Union Tel
West E& M
Willys Overland
Willys Overland pf . . .
Woolworth F W
OS!.'
23)4
08
143!,
43'4
11'
01H
2Q5 "'ill
118 118
08IJ 08!.'
23)i 23!.'
074' (18
UUi UWi
133 43! i
IH4' K
02H am cjii r,t,
. 30 30)1 30! I ,'l()i
137J4' 138! j 137)( 137i
. 82!. 82)4' 82!-, 82) i
.150U 102!,' 100 lfil
. 231.' 234' 23!.' 23!.'
. 51 52!i 52 52!4'
loui 1U.S), iui 102
10H lOJf 10J
10H 20)4 19!.' "0)4
60 50U 50 50
1001.' 100J 1093J 100!j
Kl!.' MH ai 84
117). 117)4 U7)J 117)4
71J4 75)4 725i 74H
51)4 51)4 SIH
82! i SI); 81)i
14)4" 14)4 14)4
60).' 40J-J 40)4
28H 28 2BH
05 04). 05
01H G0!i COW
325 305 305
112 114
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
WHEAT Receipts, C8,7(H bush. Demand was
llsht and prices were nominally unchanged. Quo.
tatlons: Car lots. In export elevator- No. 2 red,
spot nnd June, tl.01',4 OI.03H : No. 2 Southern
red. linVic.Mll.olVi : stenmer No. 2 red. Iitltto.
OIl.onMi No. 3 red, limic.WSl.OD'.i ; rejected
A. llll 11 8c. ; rejected 11, 1M',4 fdlUHc.
CORN Receipts, none. Trnde wns dull and
firlces were He. lower. Quotntlons: Car lots for
ocal trnde. as to location No. 2 yellow. TO
lUVic.s stenmer yellow. 774 J7H14c.; No. 3
yellow. 7fl07flc.: No. 4 yellow, 7273c; cob.
per 70 llm., 80804c.
OATS Receipts, 10,407 bush. There wna lit
tle (loin? and prices wero 4 c. lower. Quota
tions: No. 2 white, 4uV4ffM7c: standard white,
4r,i4 4Mna; No. 3 white, 4I043P.: No. 4 white.
4JW4.1C. : sample oats, 33',4 dfSOVjc; purified
onts. sraded. 444r,)4c.
FLOUR Receipts, H.18 bhls. nnd 071,171 bbls.
In sacks. The market was dull and nominal
Following nro tho quotntlons, per 11)0 lbs. In
wood: Winter, clear. 4.1M)'if .l.l.'i; do., straight,
I.1.2.1S.."U; do., patent, Sft.llllOS. 85: Kansas,
., (uiO',i; ao., siraiRni, coi-
sscks,
straight, 15.40&n.ilO: do., patent, jr..()5W0;
lavnrite tiranas, -ni.-.'oqiii.riu; city mills, cnnice
and fancy patent. tfl.23fl.,10; city mills, reg
ular grades Winter, clear. S4.tio$j'.viri: do.,
stralaht, t.l.2.ljia.B0: do., patent. t.l.aoiQ',1.85.
RYE FLOUR was quiet hut steady under light
offerings. Wo quote nt SSlS'S.DO per bbl., as to
quality.
PROVISIONS
Demand wna only moderate but prices were
steadily held. Quotations: City beef. In sets,
smoked and nlr-drlcd. L'llc.; Western, In sets,
smoked, J(W-J cltv beef, knuckles and tenders,
smoked and air-dried, 27 -8c, ; Western beef,
knuckles nnd tenders, smoked. 27JHe. ; beef
hams. $i.A$f3uc.; pork, family, $2ri.&020: hams,
S, 1. cured, loose, lb W la He: do., skinned,
loose. lSCMHttc; do., do., smoked. IOOtIDHc:
other bams, smoked, city cured, as to brund
and average, 18 Vic;, hams. smoke4. Western
cured. 18Hc,; do., boiled, boneless. 30c. ; picnic
shoulders, S. F. cured, looie 1-Hc; do.,
smoked, lit Vac: bellies. In pickle, according
to aeraKP. loose, lflc. ; breakfast bacon
as to brand and average, city cured. 10c.; do.,
up.! I urn. wiiern. r.
do., do., lltt. 14
fft..niU'o.iu; no., paieni, ;. tmiyti.no.. jvnn
clear, cotton snrks, 4.7()ri; do.. stralRht,
ton sacks, 5.04f .".r0; do,, patent, rntton sa
$.,,00 ft. 75; sprlnir, first clear. $o0fi.3Oi
Western cured. 1KW1K1.
nned.r iierce-n. 14 c:
TlC.
do., -pure city, kettle rendered, in tierces, livic;
ao., uo., in tuos, l-ic.
REFINED SUGAR
The mnrket was dull and unchanged. Quota
tions: Kxtra On granulated, 7.0007.0.1c. :
powdered, 7.707.73r. ; confectioners' A, 7.50i
7.3.1c.i soft (trades, ll.83W7.KUc.
DAIRY PRODUCTS
CI1KE3R Offerlnss wero moderate but ample
hdu inn marKci ,v,ts quiei anil oureiy sieuuy.
cjuotatlons:
lSVlSHc. i
pood, new.
1IIVI3C.
New York, full prenm. fsnev. ni.v.
specials hleher; do., do,, fair to
HWltVjq. ; do., do., part skims,
. 51H
. SIH
. UK
. 40H
. 28K
. 05
. aiu
.310
nut U7
137
J30JS 13551 J30jt
Willi
FOREIGN EXCHANGE
NEW YOIHC, June 6. The market for
foreign exchange In the first hour of busi
ness today ruled quiet and i expected to
continue so. owing to the fact thai .here
Is po mall steamship until Saturday. Sterl
ing was steady land only appreciable
changes in rates from Saturday's final fig
ures yvere In Swiss, which turned easier,
and Stockholm, which was a little firmer.
Quotations were: Demand sterling.
4.?5 1J-16; cable, 4.78 7-1$; franc cables,
5.31; checks, 5-91H. reichsmarks, 77
17H; lire cables. fl.35i ; checks, .36H f
bwih pauju, s.u ; cjiccks, D.31 ; Vienna,
H.ttaU-30; Stockholm, JOUOJOHi pese
tas. O.109t4.3O; guilder cables. 41 7-16:
cbtcks, 41 9-1 : rubles, 30.400 JOKO.
BATKI FOR MONEY
JJfV'tfc'
.- fW
m
Total sales, 331.3U0 xliares, compared
BIG INCREASE IN DEPOSITS
Surplus of Members of Local Clearing
House Leaps $6,720,000 In Week
Individual deposits of the members of the
Philadelphia Clearing: House Association
during the last week increased. 113,2:9,000.
bringing that Item up to ,150,711,000, This
was probably due, tn large measure, to the
deposit of a large amount of the June interest
and dividend disbursements.. This resulted
In an increase" In surplus of" J6.7I0.000, as
compared with the previous week. Loans
fell ,:05,QOO. Details follow;
Dlfferenca
v" -.'lr?v- week.
June B, 1818., Increase.
. IS0S.83S,OO0 M2O3.0OO
.430,711.000 13,208.000
o,44--.ooo i .....', vT;
jn.lMU.OOO 1.507.000
. 171,203.000 S.i34.0OO
. 54.100,000 &.U3U.0OO
. .117,31)0.000 8. 104,000
T8.3g3.00ll 1.184. noil
Surplus 30.307.000 0,7:0,000
Surplus June 3. 1S14. was 112.883.000. surplus
jndcr old form. June 7. 1015, IS8.802.OOO: June
0. 1U13, t8.8al.UOO: June 3, 11)12, 17.777.000.
Juno i. loll. 110,681.230. '
Decrease.
HUTTEn was In fulr renuest and steailv with
moderate offerings. Quotations: Western, solid-
Sacked, creamery, fnncv specials, 33c: extra.
l&32c; firsts, 20V, J 30c. : seconds, 28V,
211c. ; nearby prints fancy. .'He: nverace extra,
33c; flrsta, Sl'raSr. ; seconds, 28W30-. : gar
licky prints, 2il27c. ; JobblnK sales of fancy
prints. 37 4P40c.
EUGS Oholco first stock wns kept well
cleaned up at firm prices. Quotations: in free
cases, nearby extra, iilc, per doz. ; nearhy firsts,
17.0.1 per standard rase: nearby current re
ceipts, III. (10 OH. 7.1: Western extras. 23c. per
doi. ; Western extra firsts. 17.0.1 per cas:
firsts. lll.tlOtffl.Hll per case: Houlhi-rn, Ifl. IS
0.4.1 per case; fancy selected candled fresh egsa
were Jobbtns at 2!l30c. per doz.
POULTRY
LIVE Fowls sold fairly and advanced He.
Spring chickens were dull and lc. lower. Quo
tations: Fowls. 20P20V,c: roosters. 13frl4r. :
sprtne chickens, according to quality, welshing
l2lbs. laplece, 232.1o.s While Leghorns, ac.
rordlna to duality. 23 2.1c. j ducks, as to size
and quality, 14 010c, I pigeons, old, per pulr.
3U ft 32c. : Ho., young, per pair, 22 tf 2.1c.
Loans
Deposits (Ind.)
Circulation
Due from banks
Deposits from banks.
Ex Clearing House . .
Reserva held
lieserv required
LIVE STOCK QUOTATIONS
CHICAGO. June 5. I1O08 Receipts, 49.000.
Market slow. 3910c. lower. Mixed and butch
ers, t.S099.T0:aood heavy. 49.1300.70. rough
neaVy. .15O(f.S0; light. 8.gt.53: jig.,
l8.V098.sO; butt. a.430 0.
CATTLE Receipts. 18,000. Uarket .teay.
leave, ISOll 03: cows ndcifr, I3.734J
b.bo. stockera and feeders. Ittft,.
W
Ifarkatt tasrf
c4 Western, I7o.20, UniU. -47 7f
WlEKrWHectlpts, 15
W1
Wei
imat
t ItteCA J4I4H St. .
IirtKHHKU Itecelnts were llvhl nnri ha m--
ket ruled firm under a fair demand. Following
are the quotations: Fresh-killed poultry, dry
packed Fowls, 12 to twit, dry-picked, fanev si.
lected, 23c: weighing 4V, Oti lbs. apiece, 22V. c -weighing
4, lbs. apiece, 22V4cj weighing :V4 lbi'
splece, 21 Vic. : weighing 3 lbs, apiece, 18021c. l
fowls. In Iwrrcls. fancy, dry-pfeked. northern
Indiana and Illinois, welshing; 4V, M.I lbs, apiece
22c: do., southern Indiana and Illinois, weighing
4, lbs. apiece. 21Hp.i smaller alzes, 1820c:
old roosters. dry.ilcked,13V,c.: broilers, Jersey,
fancy, SOWSSc.; do . other nearby, weighing 20
3 lbs. per pair, 40O43c; larger sites. 3.1 4 38c
ducks, nearby, spring, 2i(c21c: suuabs Der
doz. White, weighing 11 0 12 lbs. per doz.
,.i.Du'o.iii; ivniie. wcianing Hiiyiu ids. per doz
1404.113; white, weighing 8 lbs. per doz.. safe
3.00: do., do.. 7 lbs. per doz., f3.lMie3.uo: do
do.. lltoU lbs. per doz.. 2i.l0; dark, fl 7B&
S.lOi small and No. 2, oOc,0fl, ' ''"J"'
, FRESH FRUITS
The market ruled stady under moderate of
ferings and a fair demand. Quotations; Apples
per, tbl.Wln.sap. ta.R0O4i Haldwln. I3"i
lien Davis. I23i other varieties, f .soft
2.Q0: No. 2, 31.23W2. ; do.. Western, per box.
fl.230l.75. Oranges. Florida. p.r crate. 3
4.25. Grapefruit. Florida, per crate, fl.7.1
3.30. Lemon, per box, 3203. Pineapples, per
crate Porto Itlco. 11.3002.30. Utrawberrfes.
per quart Delaware, 8 12c. ; Eastern Shore
un Aiaryiaiui, wv,u. n"in, nunc, 11
rioriaa, pur carrier. e.dvo.
Peaches,
VEGETABLES
Desirable stock was In fair request and sen.
erally ateady. aa follows: White potatoes, per
ousn.- fennsyivania. 11.Mu1.fu; new York.
do-
No.
tfA
B.SOi No. 3 South Csrollna. f3.5U04. Sweet po
tatoes. Jersey, per basket No.' 1, 4380c.i No.
2. 23030c. Bweet potatoes. Jerser. Delaware
aod Maryland, per hamper No. 1. 73c. fl. No.
2. 50 O 80c.. Onions. Texas par cummer crate-
bush. Pennsylvania, li.nivi.m; New Yo
ll.Soei.H-. Western tl.spei S3. White
tttoes. per bbl. Nq, 1 Florida. t5.305.7S: 1
3 Florida, J44.S(: No. 1 South Carolina. I
4001.83.
no. , ll.vvw ji ifv. -1 tt iutfi.na. vabbage.
Norfolk and eastern Shore, per bbl. -crate. II O
r in. . m ajAsrniir nap nro no srrt l ii- .
Florida, "per irate, .fl.73 2 25, Watercress.
pr 100 bunches. tl.lWwS.SO, Lettuce, virsinla:
per basket. 25c. Of 1 Beans. North Carolina!
per H -bbl. basket Was. fl.602. green, fl 50
3. do.. North Carolina, per V, -bbl. basket.
fl.7502.33i do.. South Carolina. (, -bbl. basket!
tl.30tp2. Peas. Norfolk and Eastern tf"r.
per W-bbl. basket Large, f 302.50: small.
ilOl.50. . Peppers. Florida, per carrier. fl.750
i. Eggplant, Florida, per crate, jl.5O3.50.
Squash. South Carolina, per crata. tl,25Sl 50.
nu(in vM,M. - ""Vl". 4m, qo.
ttuff HUB t C .
do pfd t c
J CI llrlll
llnldwln
do pfd
Cumbria Hteel .
Klectrlc Storage
General ABPhnlt
do iifd
Key Tel
no t
Totiny
llld Asked
o
. . no
. . r
. . :i7
. . Nil
. .1(111
. 11:41.
. . 3.1
. . 70
14
14
40.
111
85
04'k
34V,
71
Saturday
Hid Asked
411 51
no no
.17 40
80 80V4
110 111
82H 85
114 ri4;
.14 34 i
70V4 71 W
144 II 14V1
llVi 14 14H
no un no
10)4 10., lllW
75J? 7.1H 7fltf
82 82t K2V4
22 21)4 21 K
I3W 4,-lH 4SV4
4 ,n' ""It i,n71
27J4 28. 27 28
40i 41V, 40 41
38 .10 38 .111
41 42., 41i 42Vi
111 111 4 18 111
lon'i lllOi, 1()0 101
4V4 4 0-111 4V4 4 o-in
ii;; on iiu n,
44, 45 44H 45
87? 88U 88 88U
84 84H 831 8.1T4
13'i 14 13i 14
311 .invd .111 ,inu
83 85 84V4 85
do preferred OH
Lnke Sup Corp 10
I.eh Nov 7.1..
Lehigh Valley 8214
Irfh Val Tr 21J
dn preferred ....... 43
rennsyivnnia .......
Phlln Electric
I'hlla Co
do 5 per cent. pref.
do 0 per cent. pref.
Phlln It T t c...
Heading
Tonopah Hel
Tonopnh Mln
Union Trac
IT o I
IT 8 Steel
York Itwy
do pfd
Wm Cramp t c
COTTON IS BOUGHT BY FOREIGN
INTERESTS; PRICES ADVANCE
Market Shows Resistance to Pressure
But Later Grows Weak
NEW YORK, June 6. Activity by Liver
pool wns tlie feature on the Cotton Ex
change nt tho openlns this morning. For
elfin Interests purchased October nnd Jan
uary on n larRe scale and sold March and
May moderately. The early tone wna
steady, with prices 2 points lower to 6
points higher.
It wns generally believed on tho floor
that the liquidation In July had about run
Its course, spot houses being the best buy
ers of that option.
After the call the tone became firmer
and by tho end of the first 16 minutes
prices wero 3 to G points nbove the stnrt.
The market Is showing more resistance
tn pressure than at nny time In recent
weeks, nnd all the offerings this morning
wero easily absorbed.
Liverpool's early purchases here were
estimated at nbi ut 20,000 bales. This de
mand naturally fell off nfter the close of
the English market and tho support was
evidently missed n round tho local ring. Tho
demand from other sources was compara
tively light and jirlces sagged back to
about Saturday's closing figures under
scattering pressure from Wall street and
local sources. There was talk that ocean
freight room was offered fl little more
freely, but no change was reported In the
rate of $2 per hundred from New York to
Liverpool. .
The weather map Bhowed continued good
conditions for the crop. Rainfall was re
ported from the Southeast and tempera
tures were normal.
close. Open. High. Low. Close.
March 13.12 13.17 13.18 13.12 13.13
July 12.112 12.50 12.08 12.511 12.05
October .... 12.70 12.74 12.81 12.74 12.70
December . . 12.01 12.01 12.1)8 12.01 12.04
January ... 12.1)1) 13.no 1.1.011 12.08 13.00
August 12.70 12.70 12.74 12.07 12.74
Spot 12.05 12.75
Liverpool Cotton '
LIVERPOOL, June 5. Spot cotton today
was In moderate demand nnd 3 points
higher on the basis of 8.4Gd for mid-upland.
The sales aggregated 7000 bales. In
cluding 6000 bales American. The Imports
were 10,000 bales, Including 8000 bales
American, The market for futures closed
steady at a net advance of 6 to 8 points.
Norfolk, per 100 bunches, fl3. Tomatoes.
Klonaj. per carrier cancr. J5.au. choice.
t26 3, 73. Asparagus. Jersey. p,r bSnch
fW. 18OS0C1 prime. Io15c. . culls, ' BeiooT
iiusoroojns. per f-lb. basket. 80c i! wlw'
9AB SILVER
gar stlrer to London was qugUd '.t ji.
j3sspmj.'" itr
OFFER STOCK OF NEW MOTOR"
CORPORATION AT $74 A SHARE
Holders of Underlying Companies Get
20,000 Shares
. NEW YORK. June 5. The stock of tho
Motor Products Corporation was offered for
subscription today at $74 per share. Of
tho total 70,000 shares, 20,000 shares were
given to holders of the stocks of the five
companies that constituted the merger, In
part payment for their holdings, leaving
50,000 shares that were purchased by the
underwriting syndicate.
Unfilled orders now on the hooks of tho
new company are In excess of ,8,000,000,
against which raw products have been pur
chased at prices considerably under pres
ent prevailing levels. It Is stated that the
company has sold Its entire output for sev
eral months ahead. W. C. Durant, presi
dent of the General Motors Company and
also of the Chevrolet Motor Company, Is
heavily Interested In the Motor Products
Corporation.
The companies that constitute the mer.
ger ara engaged In the manufacture of all
sorts of automobile accessories. Including
windshields, tops, hub caps, cowls and gen
eral accessories.
Canal's Tonnage Deats All Records
DETROIT. June 5, With a freight move
ment of 12,293.478 tons for May, all pre
vious one-month records for the Ameri
can apd Canadian Canals at Hault Ste.
Marie were exceeded. The new record is
an Increase of 15,352 tons over the total
of 12,278,124 for July, 1913. the highest
mark previously attained. The eastbqund
freight movement was 9,752,488 short tons,
while the west-bound movement amounted
to 2,540.988 tons. Of the total freight
handled through the waterways, 10,164,5(2
tons were carried through the American
canals, and 2,128.914 tons through tho
Canadian locks and 2139 through tho Ameri
can locks.
BONDS
Carefully selected securities, of
proved merit.
Send (or Circular.
MELLOR & PETRY
Ueibs f fSSSlM&JS?"" '
US COMMERCIAL TRUST BLDO.
IS BOUTH BROAD 8TRCET
Kit
piitKCToar qr accountjunts
CartUUd 1'uMle 4atMf
m"miJt M,fKWN
TPTtitnwT TRAFFIC FROM THE WEST
TO THE EAST SHOWS LITTLE CHAtt(
Embargoes Soon Follow Signs of Congestion Mover!
oi Tonnage un ouwhuci .lvihwuo mir,
Lehigh Navigation Declines VA
Officials of railroads operating enstward
from Chicago and St. Louis repor . I ItUe
change In the general movement of freight
trnjnc, ns compared with the last few weeks.
Embargoes nre placed continually when
ever traffic shows signs of congestion, ami
this means that nt the various Kntew;"
certain shipments nre being c"rf f
through such methods In order to prevent
blockades ns a result of enormous ship
ments of ncnrly nil commodities nnd be
cause of a constant demnnd on the part oi
shipping Interests for equipment.
The movement of freight westbound
gains steadily nnd Is now consldernbly
nhend of nny period during the last two
years'. General business throughout the
territory of these r.onds continues on nn
Immensely heavy scnle.
Officials o Southern roads report the
movement of tor.nnge holding up well In
nearly nil classes of miscellaneous1 t,ii
nnd tnnt the voiumo is 8 to 10 t, : "V
heavier than during the same period a "
ago. rfj
Trading, what' little there was. 3
mostly In the nrbltrnge Issues on the wS
ueipntn stocn uxennnge today, Dlstii,.,,H
locnl Issues remnlncd quiet for th T
part nlthough. tho chances In i ?,
mostly upwnfd during tho morning, fcurSV
gains, however, only being fractional. ?n
nil u.ij ", ". .mssij- It nail WA UniiJ
by Phllndelphla Itapld Transit tru,t
tlflcates, but pnrt of this was lost W3
mldtlny. A fractional gain was nljoVuSl
by United ans Improvement, Tonof ah vr
ing mill i-iiiiauciiniiifc r,ieciric The tttti
est trading In any one Issue was In S3
sylvanlA. Railroad, which rose a ttieiQi
tn the nftcrnoon Lehigh Coal and Navus
tlon fell l',4 to 75, and Crnmp" trust wrtit'
cites i point to hi.
: WrtU.'
$70,000,000 IN PREFERRED
FOR MOTOR FACTORY OWNERS
Only Common Shares of Big Auto Com
bination for Public Distribution
NEW TOntC, Juno 6. The name of tho
new company which Is to absorb the
Willys-Overland Company, tho Hudson
Company, tho Chnlmors Motor Company
nnd tho Auto Lite Compnny will probnbly
bo the American Motors Corporation. ,
The company, nccordlng to present plnns,
Is to distribute the $70,000,000 of- 7 per
cent, preferred stock to the owners of the
manufacturing companies that nre going
Into the consolidation, so that none of tho
nmount will be offered publicly. '
There will probably bo about 2,500,000
shares of common stock, n )art of which
will be offered In exchange for present
stock of the Willys-Overland Company and
tho other thrco companies, the remainder
to bo offered to the public for subscription
nt n prlco said to be In tho neighborhood
of $60 per share.
This Is a detail, however, which has not
yet been definitely determined. John N.
Willys, president of tho Willys-Overland
Company, who owns $15,000,000 of the out
standing common stock of the Wlliys
Overland Company, ns well as a substan
tial amount of preferred stock of that or
ganization and tho entire Btock of the Auto
Mte Company, It Is understood, will receive
In the neighborhood of $80,000,000 of cash
nnd securities fpr hl3 holdings In tho two
companies.
DIVIDENDS DECLARED
New York and Harlem Railroad Company,
regular semiannual of SH pi"r cent, on common
and HIS per ctnt. on the preferred stocks, paya
ble July 1 to stock of record June IS.
Chicago, nurlln&ton and Qulncy Itallrond
Company, rrcular quarterly of 2 per cent., pay
abln June '-'0 to stock of record June -0.
Illinois Central Railroad leased lines, reaulnr
semiannual of 1! per cent., payable July 1. Books
cloo June 10 and reopen July IV.
New York. I.nckawnna nnd Western Railway
Company, regular quarterly of IM per cent.,
payable July 1 to stock of record June 15.
Manhattan Hallway Company, regular quar
terly of 1 per cent., payable July 1 to stock
of record June in.
Ilecch Creek Railroad Company, regular quar
terly of 1 per cant., payable July 1 to stock of
record June 110. . . ...
Union Traction, regular semiannual of 3 per
cent., payablo July 1 to stock of record June 0.
NEW "YORK BUTTER AND EGGS
NEW TOniC. June S. 111ITTKR Lnriter of
ferings and market easier. Receipts, II07B. pack
ages,' Kxtra creamery. 30V4 Hliic: higher
scoring, 30;3Vic: state dairy. SOW 30c:
imltntlon rreamerq. ySL'flc.
EC1GS High grades Orm with good demand;
medium grades Irregular with liberal offorlnga.
Receipts. 23,370. Extra flrsta. 24V42ilc: stor
age packed, extra firsts, 23Vj 24Wc; storage
packed firsts, 28H 24o. ; storage packed, regu
lar. '-.'28c: white. 2027c; browns. 23020c;
mixed colors. 23824Kc
Spot Wheat Steady In Liverpool
LIVERPOOL. Juno 5. Spot wheat was
steady today, with bjua stem quoted at lis.
5d. ; No. 1 Northern spring. Chicago, nt
lis.; No. 2 hard winter, 10s. 8d. : No. 2
red winter, 10s, lid.: No. 1 Northern Mani
toba, 11b, id.; No. 2 Northern Manitoba,
10s. lid., and No. 3 Northern Manitoba,
10s. 8d. Corn was easy, with American
mixed Id. lower at 10a. 5d., and Plate,
,id. lower at 10s. 5d. ; flour was 43s.
NEW YORK COFFEE MARKET'
NEW YOniC. June 5. Tho coffe. ..J
caster this morning t
2 to 5 points lower. Trading CT?
was easier this morning and firs 5
were 2 to 5 points lower. Trailin. TTf-
qul6t nnd on tho cnll sales woro 1210 bmV
Opening" ""Xlffi.
May 8.83 .
June .....,.....,, '
July ; 8.3S
August ....
September 8.50
October .
November
Derember R.MfflR.M
January 8.0.1W8.70
February ....
March ,8.7738.78
April
llld.
Total sales, 1000 bags.
r.na..Z.
A R-Xf!"?l
mw
S
: S3
8.70
8.781
8.(1 1
ill
n
v
Condition of United States Trcasnrn
WASHINGTON. Juno S. The conaiU
of tho United States Treasury, accordlng'S'
a statement Issued today, was as foW,-a
Net balance In general fund, UlUlV
.136: total receipts. $9,108,033: total $
Dursemotus, n,.iuv,; ueiicit ior the feiP
$20,643,444, exclusive t the PanamaCami
nnd public debt transactions. j
B.A
5
JkY.
PUBLIC SERVICE
SECURITIES
Piiolfc Service Securities are a Uen
on the success of communities.
C, The United Gas and Electric Cor
poration is a holding company.
C It controls Street Railway, Gas,
Electric Light and Power, Steam
Heating and Vater Companies in 17
cities located in 11 states.
C, Population served in excess or
2,000.000 and rapidly growing;.
C. Earnings, franchises and physical
conditions unusually good.
C We offer the 67o Bonds of this
corporation in' denominations oi $100
and $1000 at a price to yield 6.20 1. .
C Tax Refund Penna. Normal Fed
eral Income Tax Paid.
C. Detailed information on request.
Ba&en Ayliig & biag
Land Title Bldg. Philadelphia.
So. Rwy. Equip. 4Ks
REED A. MORGAN & CO.
WKST END TltUHT 111.1)0., l'IIIU.
Members of til Milla, Hloek Kschanre
illlllllllSIIIIIIIIIIISII!l!lllli
H The Promising Future 1
M of Motor Stocks
I ' 7 The proiperlty belnr enJojM ty jggj
r- the leidinj- automobile Rnnfetr, Si
en ll.not only reflected In fteltir SZ
" market activity for motor itocii, 3
out also in actual and i,.b111s la
crened dlitrlbutloni of j,,vilti t
lucAMOIuec, .mi uioio ytti.iim
& larly applleo to
Orerland Chalmers
Chandler Chevrolet
Sludebaker Son
Maxwell Petrlcu
White Reo
:''
1XJ iJOur fren Motor Stock Book, IS,'
SS anilyilnr oO saourltles, will to Sj '
S sent free upon reaueit. Aik for ZZ-
- 19 FL, lnciudlnr booklet explalnlac S
Ej "The Twenty Payment Plan" 3;
ciaiTERIfil
5 w Irweyiracrviy&uritlc K ssk
(Eittbllshed 1808) S9
SS 40 Exchange Place New York 3
Ullllllllllltilillllllllltllilllllltllllif
m
TAX EXEMPT
Listed Rails
TO YIEL14.65
These bonds are a mortrare on lit
( miles and they nre lesal In Miia
' chusetts, Connecticut and Vermont.
Details upon request.
N.W.Halsey&Co,
141 Chestnut St., Philadelphia. ,,;
Now Tork Cblcaso San Francuo
McINTYRE 1
Present mllHno capacity of )!br
tolffi on average ore of onlu tlt.00 a m
will aHoto tS.OOO daily. The Dlrecton
are planning for a dailyxptoductim W
1,009 tons. ;
ROBERT E. KLMtKliK
Member Standard Stock Exchange.,
Toronto. .
....nr ..... Htnrl K
uuu uur.vr.1, ui,uu fl'r";,..
Lombard M3U . Main 81W
..i i,P.,u.i 111...,' Vw York
108 Hay Street. Toronto l
DIRECT PRIVATE WIRES TO 4.
NEW YORK AND TOKOMiU
"I
INVEST IN MORTGAGES
AT 5.4
Recommended By
BEN T. WELCH
132S Chestnut St.
Frazirp 6 Gx
INVKSTMWTUT rtAN'KEIlS 1
' Broad and SanBom St,
To Tho Holdsrt of the, First Morteago 5 Bondi
of tho
Consolidated Gas Company of the City of Pittsburgh
The two Committees which had heretofore been formed ,
for the protection of the bondholders of the Consolidated Gas
Company of the City of Pittsburgh hereby announce that they
have effected a consolidation into one- Committee, composed
-of the undersigned members.
This Committee will act under the terms ,and proyislpm
of the Deposit Agreement pf the Philadelphia 'Committee
dated February 17, 1916, with such amendment as is In
cidental to consolidation. The amended agreement has been
filed with both the depositaries named below, and the right of
Uvithdravyal under the terms of the Agreement expires June
15, 1916. '
TheCommittee has now on deposit approximately three
million nine hundred thousand par value of bonds (about 80
of the issue), and will receive further deposits of bonds at
either of th depositaries named below, up to and including
June IS, 1916,
Ths PsnmilTanla, J"omianr far In
uranrt oa Lins od Oraotlnt
AnocltUt, .
PbllaeVtlphta.
life CUpaslt snd Trust Company,
Plttsburxo.
DEPOSmBIKS
Gears. Ufbaftaa Teppsr.
-.' " FI?Uaothla.
Wilwg i reaoua,
fltUburt.
COITNS1U,
C )U sUautlxam, SocrfUrx
' " IIITluiiniil ml
Wt-T KM rT
-?
Clpri,M1'n.n,.,,k,,, Chairman.
(p",(1.nt Penhsylvanla Company
for Ins. pa l.lyss and Qjintlo
AnnultUi). Pblladelpbla.
, KMaB, Vie Chairman,
"r"" 8' DPolt oT Trust
Co- rittsbursdu
Tliomas 8. Oatss,
tPrtsldent Pbllsilslphta Trust C-
PhlUdolphl.
(Vlca Prsidnt Olrs'ij Trust ro.J.
n . . PliUdsTphls.
tAUx. Brown & Sons). Baltlmora.
ii,
llaautUr . Company!,
rivfu4sa,.
D. JlerlwH, Ue.tstur
.S,?WH
I'Urli-iUcili.
t6m Vs Pii Ktygit,