It -4
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FINANCIAL NEWS I
EVENING LEDGER-PHILADELPHIA, SATURDAY, JUNE 10, 101G.
. SMGHT LOSSES IN SOME STOCKS .
, ' OFFSET BY GAINS IN SPECIALTIES
''Brokers and Customers in Wall Street Devoid All 'Atten
tion to Discussing Results of Ballots at Republican
Convention Texas Company Up Five Points
New York Slock Sales
High Points in Todays Financial News
Unfilkd orders of United States Steel Corporation On May 31, 0,937,788
tons, an increase of Iu8,2i7 ions, as compared With April 30. New York bank
statement Showed decrease in average loans of $2831,000 and a fall in
actual of $61,507,000. Jtcscrvcs fell in the average ami increased in the actital.
Week's bank clearings increased 53. 7i per cent, ovtr corresponding week of
last ytar. Pittsburgh Coal Campari) readjustment plan declared operative.
Additional gold to the amount of $2,500,000 was received in New York from
Canada. Extra dividend of $2 a share declared bu Eastern Texas Electric
on common. Prairie Oil and Gas paid extra dividend of $2. Price of bar
sitver" slightly higher in New York and London.
NEW YOHK, Juno 10.
The results of two ballotB at the Chlcngo' convention dampened somo of the
enthusiasm which hnd been created on tho Stock Exchango )n the Into trading
yesterday, and this morning trading wns Hat and little Interest was shown In
speculative operations. Brokers and customers devoted all their attention to
discussing prospects of results when balloting Is resumed this afternoon.
Somo of yesterday's buyers were sellers of stocks In the first hour, causing
moderate recessions In the actlvo Issues, but these losses wero offset by gains
In several specialties. The plank In tho platform favoring our mercantile matlno
was an Incentive for somo buying uf l'oclho Stall.
There was a 5-polnt advanco In Texas Company, and Pittsburgh Coal roso 1
point, but movements In other Issues were generally to lower levels, although no
Important losses were recorded. Nearly all these changes occurred In tho IlrHt
hour and from then on business was listless and the traders who could not refrain
from making some doals sold a few stocks.
Tho outlook of tho market now depends wholly on tho maintenance of hnr
mony In the Republican party, and there was a feeling In some of tho Important
financial circles that this could not bo regarded as assured. It Is possible that
before the opening on Monday definite knowledge of the situation In this regard
will bo obtained.
Pittsburgh Coal Readjustment Plan la Now Operative
NEW YORK, Juno 10. Assents to the plan of readjustment of tho Pittsburgh
Coal Company having been received from more than DO per cent, of tho preferred
and SB per cent, of tho common stocks, tho Readjustment Committee has declared
the plan operative. No change has been made In the plan as announced, which
provides for an exchange of the 7 per cent, cumulative preferred stock of tho old
company for a C per coht. cumulative preferred Issue of the now company. Hold
ers of tho old New Jersey company 7 per cent, cumulative preferred stock will
receive for each $100 par valuo of that stock and all accrued dividends thereon,
now amounting to approximately -14 per cent., G per cent, cumulative preferred
stock of tho new Pennsylvania company, to a par valuo of 5133 1-3. Common
stock will bo exchanged par for par.
-v
Eastern Texas Electric Declares Extra Dividend
BOSTON, June 10. The Eastern Texas Electric Company has declared an
extra dividend of $2 per share on tho common stock, payable July 1 to stock of
record Juno 16; also a semiannual dividend of $3 on tho preferred stock, payable
came date.
Prairie Oil to Pay Extra Dividend
NEW TORK, Juno 10. Tho Prairie OH and Gas Company declared a quar
terly dividend of $3 a share and an extra dividend of $-2 a share, payable July 31
to stock of record June 30.
$2,500,000 More Gold From Canada
NEW YORK, June 10. J. P. Morgan & Co. have deposited at the Assay Office
?2,600,0OQ In gold bars, received from Ottawa, making a total of $-14,125,000 Im
ported on tho present movement.
MOTORS TAKE BIG
JUMP ON THE CURB
American Gulf and West Indies
Also Advance in Irregular
Market
NEW YORK, Juno 10. Irregular move
ments were recorded on the Broad Street
Curl; all through the two hours of trading,
with most Interest attached a (fain to the
dealings in the motor stocks. United Motor,
which sold below 72 yesterday, was traded
In this morning at SO to 82 W In the first
hour, but was again In supply and quickly
reacted over I points,
Chevrolet advanced from 2S2 to 259,
while American Motors and Perlman Rim
rose and fell without special reason, ending
with the price below yesterday's final.
All this work seemed to be for the pur
pose of aiding In the distribution of syndi
cate stock, with the expectation that tho
rallies would bring In outside buying on
declines. The United Motor syndicate ror
distributing allotments was wound up yes
terday with a profit of 7 points.
There was special strength In American
Gulf and West Indies, which rose 4 points
to IS 9, crossing the price of tho preferred
stock. Midvale Steel and Cuba Cane Sugar
were in fairly good demand, making frac
tional gains. Cosden OH was the strongest
of the oil stocks, advancing to above 25,
but receded later.
INDUSTRIALS.
New fi
ork Bond Sales
Hfffh. Low, Oloe.
olLQR2 Ala.ka Oolri cv n os.litt liw 102
-TH.iOO Anclo French 5s 0.'. 01 " U?,
iSH AK" Wi..c,!Lit;---l'Si i'S! iyM
U ( U Amur Writ lnn X- on
fl)U Atchlnon Ben -Ih...... H3i
" Aitiimon buj -tfl M4
HI I
1)3 H
IH
i.9 A.
1000 Unit & Ohio 3Hs. II2?S 02 'J tliitl
2 1(10 Malt & Ohio 43.. .... lll'j fiilj m
loiio Halt & o Swn mi., nn; nn: nn
Acme Tea
Aetna. Explosives ,
AJa nubbjr Tire
vim-iiru iii
TIM Askeri.
04H r.sft
li
lit
88
1
Am Marconi .,..,.,,, , a
Atlantic Quit and W I ,, 8?
do nref ....,.,,.,4 57V
Canadian Car Co 68
8
:,...:.i
Pan Rar tnd ITdv Dref
Chevrolet Motors , , ,
Cuba Cane Sugar ,,,
Cuftiss Aeroplane
Prl-s-Seab
Knunon Phonograph . .,,
Flemish I.ynn , ,
Haskell r Barker Car..,
Hendee llftr , ....,,
Inter Mar Marine .,,
pref . , . .-. .. ..
Katbodton Drome pref .
Mavlm Munitions ........
Manhattan Trans ,,., 1 ,
Mldvats Steel g4Jl
ptls Elevator ,,,,,,, , . no
Peerless Motors ....,...,.,. ,28
ipertmsn Rim ...,.., ,.144
Poole Knaineerlnc ,., 110
S S Kresce w I ,,,, , 10
Standard Motors ................ 7 i
Submarine ,,. 37
?'nanie inira ... ,, ...... jj
fulled Profit Sharing- i
43
v.: R
... sj
.: s?
51
5
U b u com
J?? T?. ......... .,. ., .......
white Motors ...................
World t'llm i
STANDARD OIL STOCKS.
Illinois ,. ,, ,1 63
9hlo .,...,..,.,,...,, 228
ralrle Pipe ... ... . . , ,,,,,,312
Standard Oil California ,243
Standard oil New Jersey 520
Standard Oil New- York , SOT
OTHER OIL STOCKS.
Cosden Oil .,.,..,, 24H -
Chalmers Oil 4,
Inter Petrol....,,.,,,.,. lots
Houston Oil ... ...,,,. 16
Midwest Rennlmr ., 65
Sspulp Jteflaln llVi
MINING 8T0CJC8.
Atlanta .,,,..,,..,,.,, 11
tjU fOMer Zloo. ..,,..,..... 6J4
Butte NY ...,,..,. 21
Cerro de Pasco. ...,,.,..,,.. 88
First National .. ,..,,,,,. 4
GoldflelJ Mers;sr .,,.,...,.,,,..,.11
Jlecli JUalni .,,.,,.,..,..,....., 15-18
low Sound ........... w...... 5
JUa Butter .....,;.... 98
Jumbo Extension 90
Kenesck Zlno .....,,..,,,.,.,,.. IS
MeKlsley'Darrasn ..,.,..,.,.,... ii
ifagma. Copper ,,.,..,... 13
Mines Co. of America ,...,, H
NloiSMlns Mines Co .............. TH
Sad T03T ,,..,.......(..,. IS
StJeuphXead .- 1
Cerro d4 Pasco 6s
BONDS.
Hits
8
sv
n
n
Ah
100
a8
62
21
14T
SO
184
230
316
?1
:Sa
18
?U
01
14
so
16
ieu
unit ,i -i- - t,..LT :..; .::;;."
iWX Hl aa Eiec rw... iis'i om ns'i
2(jno Con Clutt Hk w I mtn lrm. 1ini- imii.
jiitiit rin ... , m, ,.,.M ir..Jr :.:..'
?"" io r,n w i iui!i:::;;ions mo
HISS KCM '"'"h" Jst 5S..I02U 1II2H
1O0O chill Conner 7a 127 i 127,i
'fi'Ug Che. ifilr. cv 4W . .s 82 5r.i
KMinc H & Q Joint 4s..... IIHW ORK
noon Ch Mil 4JS I- 4s 1025 01 S ill ',
:?. f !" ev . i; 10S i,,s
(IIHHI tin . J It is iii' t.-i
if... .-t,:;.7 a. "'ir' '''-;.. "-.
;.::;: z.,v.v sn " ; uni
suuii coi iniius &b ITt
.... H4 kh
Wi OH 117 U us
. ..lintu jimu jntiU
..I CI-' Ort' r..e
V
lop;
11M)
102H
12,"
N.-,
OSS
IUV,
HIS
in:
IO(Ki Col Midland cv
230(10 Corn Products j
1000 Cumber Tel .',.
IdUUU
If I'M nu i" if ftc
h.rin pnnv Ja iar n
'.'K en Elect del, 0 lii uui 1(14
V.IK;. If. .. ,in in ;,..., 2J, 2 2l)i
IllOll III Vntr.tl pf.l J. iiulT c.i,7 i,..i7
U 1(11 U 1II1U
m' , do Ch St I,N o Ss'.ini
-" iiiieru jiet 4MB.
4(100 Inlcrb H T rf ss
(11 u
. .. 1t 74K
. .. 1IHS ll,S,
H!
101
711
1IHJ,
ir.00(l Int Mer Mar ct" 4i,"s.'lntJ 1 i"! 1 2
jooo Japanese new 4s m biiC ImiiJ
"35,
111(111(1 do Hs lU.'.O
IIIIK
IP2 V,
-'7S
70(10 !.k Sh deb 4s 1BSI... Ilia, i:
800(1 I.orillard lis..:..! .. j iC i 2
1(10(1 Louis & Nash 4s... UIK tljtj
7nnVi x."n..St P S8 M t:.ir l"S
1001) Mo Pan cv Ba 47 47W
1000 Mont I'm,. n nu il"
01
nu
-""" .i iuoe ns JIM
Bj-uuii .-v y c 4 u Ra 11411 1141, iiii!
.'.Hi! ! tt 3. 9. H i'3i 1114 101 104
KnXn a i. !iw.r "oi.?." w- ss'i SS4
iiwi'. no i' uui'
".'- ""Ti
i'
8U
nrinn m v t-i -".m-
inooo do cv 4s is .I & ins u fttl
$Xm"0J Pmefay ' " m ?i.
18000 do ten 3s mm niivi nail
11000 Pacino Tel 8s " 1 2 1 n'J? .?,'AP
-wuu j enn.
.1000 Ptih '
14000 Readl
oimmi itep 1 a s ns. . . . iihU nfiu
immi nJi, 1.1..J .Vi: -.11 ill
iS.inS ".." -"" "" 1 l.l 7.1
-7.ii uo ct on sta, Ds . . .
22000 do InVl . . '
sBooo do w 1 b ....:;
inwi'i, oo aaj w
ino Tel Re... loot, moi? 1008
ng en ct 4Uj....l0l1i 1017, loijj
1 Serv N J Ss 02J 02'i mil
ft " Is 0.1J 0.1H 03S
.,...118 115
IIVE STOCK QUOTATIONS
CHICAGO. Jun .lO.-HOOS HecslHs. 11.000;
jBSkets. Mmsftr. .MUsd .and butchers. 18l.6o:
bAVfiB-Rffjlele, ; markets steady,
SiVM. j,01.3i.- cowa snd belfers. 6,s3&
BMiera M fds, f.ai5.iS0f Teaana,
BBP BjcelDU, .2Mp:o market .steadr;
Uitlvc aad V'eatrn.. 7sa8; lambs, J10.SU&
HSW YORK BUTTJ3J AND EGGS
sW XOS5K. JriiBS Jifc-rBOrrEB Slow rad
aemtatitaUiur stuik. and fc-ello weittj--
Tff flKand. a mite Jatte aPU4'dr'
iterMmg. IMlpt. iS.m cases, Nu cbaoxu la
fajf nriii.ifji
Dfit ifcwlf Five MUMom la -Mint
:-Misr-ij,iMM f- tlfc "tttf i&jS: ijahaa '!tfrw- w this
fcs a: gar --..t alt iMrfc IB.
nrvor .yg
L- HahB 4pfCh
nOOO Ran A . A n 1..
16000 Seaboard A t, adj
2000 do rfd 4s . ....
44000 South Hell ,1s
8000 South Pac cv 4s..
1500 do cv .la ...
12000 South Hwy gen 4s
14000 do con Ss
2000 Third Ave ret 4s
6000 Tokio Ss , , . . ... .
100O Trl-Clty 5s
8000 U S Oov 8s , . ! . .
10011 U s Realty Ss . . .
m,i u is meet si os
OUUII
64000
US
70K
S014
nv,
07
saw
,t
17
.1.1
7(1 H
80,
:: lVk
4. S2!i
As 1174
.. BRJ
. .mov!
.. 774
. . oil:
..iV1 .?l,i
3
DHVi
in
sn;
s.i
70i,
BOl!
uni
87
K3V
OH
(ITU,
IISlJ
KMl't
00"!
SRJ, R8l
lojil jniiT
714 714
mi
S14
774
DDK
lonj
10.1
inoo K ?"t! " .' Sai.lOSVi IflJUi iollU
52J2 Jl 8 L N (V M ds ..116 MS lis
1000 Un Pac 1st 4s im: OTli 071!
:9!!2 !!" P" cv 4s .:.:;: oaU Hsd m
is ... 3.1
104
102
7214
4a .. 01?i
6000 Un Rwys B I'll
ou.hj vkaoasn ist Da
2000 West Elea B.
4000 West Md 1st 4s
euuu nest Dnore reg
a;
SS
10.1U lot
1112" J IK
ti
73Ti
01S
,uI0lU,.,L,'? .lllsliP?' 'ompared wllli C1.868..
LONDON STOCK aiARKET
Tradlne Is Further Animated Because
of Russian 'Successes at Front
LONDON, June 10. Buoyancy was again
noted In the stock exchange markets today.
Trading- was animated under the Impetus of
further successes by the Itusslan troops.
The gilt-edged section was, strong. Consols
touched 04. There were larre sai.a r
I yearly Treasury bills, .due to rumors of an
iiiwciiuius reuueuon m me rate of interest.
Home rails were In demand, with prior
charge stocks scarce. The American group
was spotted, but firmer In the main, al
though dealings were small.
The tone of Canadians was harder, but
Irregularity prevailed In South American
tines.
There was another spurt In French and
Russian loans, and Japanese descriptions
displayed firmness.
Pending the publication of the report on
the output of gold et the Band last month.
Kaffirs were slow.
Following the setback In the price for the
metal, sliver shares weakened. Hoyal Dutch
moved upward again pn buying by Amster
dam. The maintenance of the 35 per cent
dividend, for the. laysj. year sustained shell
transport and trading shires.
BAB SILVER
In London bar illvei was
5nff, m
quoted at
Mtf Cfc tut tt iweoiHtt, of I la Mw York, commercial bar silver was
today 4JUrtl t HH8., B iHiYWllCO ffj 55c
71
08
Adams KxnreRs
Alaska (Joltl fllncu JJW
-Mils U'haimers ... wy,
do nrf f R.1
' Alnnlrn It, ..a,.., all
Am Ac Chcm nfd 90 ii
Ant a Sugar 83 Vi
Am Can 87 V4
Am Onr & Fdy. . . fll
Amer Cities pref..I(ll
Amer Conl Prod. Oft 16
Am tilde h Lentil, to
do pref., ... ,11 H
Am Ice tsi
Am Linseed Href. Ift
Aln Locomotive
Am Smelting .
tlo iircf ....
Am 2lnc
Am StiRnr
Am Htcel tMy
Am T & T
Am Tobacco . . ,
Am Woolen
Am Writ Pup pfd 2S
Anaconda Copper. 84
Atchison 10(1
do pref 100
Haldwln Loco ... ill
Hallo & Ohio uni
Ilatopllns Mining.. 2
Hclh Steel nref...l3S
Brown HI10I A7
Butte & Superior.. 0.11)4
Cnllfornlii Pet 211
do pref -tuts
Chandler Motqr. ..Ill)
Central Leather. . US
ches & Ohio onr,
Chill Coppor 30Th
Chlno Copper S3A
Chic lit W pief.. SHi!,
I'hlc Mil & St P...I0I
C (' C & St Louis. BUT
Cluett Penbody... ItiVi
do pref loll
Chic & North W.I30
Chic It I & Pac. 20W,
Col Fuel &. Iron.
Col & South
do 1st pref . . .
do 2d pref
Comput Tub . . .
Crucible Steel . . .
do prof
Dol Lack nnd W
Den & It G pref.
Iilstlllcis Sectlr..
Dul S S A pr ..
lCrle
do 1st pref . . .
Oen Klcc
Orccn-Cnn Cop
Goodrich Co . . .
fcre.-it Nor pref.
Or Nor Ore ctfs,
Intcrboro Coil pfd
Intern! Paper
do pfd
Inspiration Con . .
Int Nickel
Int M M tc
do pref
Jewel Tea
do pref ........
K C Ft S & M pref 7
Kenne Cop S3
tlo pref 01
Lackawanna Stl.. 11
Lehigh Valley 83
Lako Krie & West. 14Vi
Net
Web. Low. Close, rh.
130 139 139 1
10 2
10
31
2RH
4H
73 V,
Oft
113
nay,
it!
120
28
34
10 (Hi
lootfc
Diiy,
22 V,
soy,
33
Htfc
00 Si
33
Mto
(into
loin
03 to
10
t
iSto
43
73 to
7y
tnto 113
B.V
III 111
3IT4 MH
I2I, 120
204 201 204
47Vj 47 45
23 Hi
33
Inn
100
00 to
01 Va
t
133
37
03 to
Itto
tto
II3V4
34
0(1
20
33
37
too
ti1i
73
Kill
130
20
4314
33
no
fiiy,
1.-,
ml
113
23.1
274
lYl
12
3 'J
34Th
172
into
77-y,
22 to
toy,
33 5i
3 .....
ODH 1
3 to
30
noy, Y
SELLING PRESSURE
WEAKENS WHEAT
Decline at Liverpool Also Hurts
, Chicago Prices, Which Drop
All Along Line
Sales in Philadelphia
1
y.
1
w
to
01 to
133
37
03 n
21
43 to
110
to
to
1
1
. 44 to
33
. (Ill
. 37 "i
. 43
. 7 VI
.113
233
. 2KV1
. 47
. 12 to
. 30
.
.173
. 47
. 7tm
4
00
20
33
37
100
.33 to
into to
100
130 to
2,0
4.1 to
33 Y
2i
1
2
1V4
to
123 121
37 37
73
12
son
40
43 to
20 V,
00
HS to
Long Island..
Lee Buhber .
Loula & Nnsh
Max Motors
do 1st pref
do 2d pref
M St P & S S M.124 124 124
Mex Pet 103 103 103
75
12
5K
43TJ,
43
20
00
81
ok 108 limy,
72 72
33 33
01 01
71
83
I I
10
32
133
33
88
37
00
37
43
80 '
118
2.13
28
17
12 Y
30
34
172
40
77
12 1
37
13 to
12
38
40
13 V,
20
triJATIIrm CONDITIONS.
.NKM'.YORK. June 10. Adrlrrft, rerelteri
at the AVentlier.lliirenn thle innrnlne tmll
rnleil the follow Inc ueatlier comlltlom!
. Temperature"
lllsh. I.nw,
Cnmiilliin Norltiwut .rain 60 42
J(irlliwel roln 03 44
Middle tteil min 03 SI
.Soi'llnveit ... ... rlenr 74 00
irmier MUiillniil Vnl, . .rlear 70 02
Irfimr Mlnlftlnnl Vnl. etenp SO 70
Ohio VnllM- ruin 00 34
The follnwlwr nrlTlpllstlon (In lnelif)
wns rrporledi c'nlsnry. .121 Mnllflne lint,
.411 llilllrfnnl. .nn t iiu'Anprlle, ,421 llntre,
.101 Sherlil.in. .23) Ht. I'nul, .Oil llll. ton,
.031 Vnlenllnc, .00) North Haile, .301 I'enrln,
02 Chlrilio, .00 1 0flninl, .121 Hlrhmoml.
,22 Lexlnelnn, .08 LnnUtllle, .221 Inillnnnp.
nil, ,201 Mnndmky, ,28, nnd Toledo, ,04,
CHICAGO. Juno 10. Affected by selllmr
pressure nnd a decline nt Liverpool, wheat
weakened this morning. July opened nt
$1.07U to $1.08 against $1.07i;i nt the
end yesterday, nnd sold down to $1.05i
before the end of the first half hour. Sep
tcmher Btnrted at Jt.08'4 to JI.OS'l oKnlnst
$1.00 at the close yesterday, nnd receded
to $1.08. December minted from $1.10 to
$1.I04 at the start wr.tlnBt $1.11!4 nt the
close yesterday, -nnd sold eft to $1.10.
It wns believed that the technical posi
tion had been softened by the recent active
covering. The cash nrtlcle showed no Im
provement. Tho Kngllsh market wail Influenced by
large native offers, freo arrivals from
nbrond and predictions of heavy world's
shipments for the week to tho United King
dom. Foreigners hpllevo that damage to the
new crops In this coij.try nnd Canada will
be offset by the henvy carry over.
Atlantic freight room was offered freely
nt the recent decline, nnd chnrgci to Ar
gentina are easier. Planting la progressing
In Argentina.
I-endlnif futures rnnirrd nn follows:
vl"lv. iun
10 Am ttwjs rr
400 Halt A Ohio
.on Klec stor ..
loo lien Aanhnll .
ino no pro
nun
2S
221
2(1
4(1
In
.till
!llfh.
Clone.
Net
chM.
ii.IH 03(4 JJU U
31 31 34
..I'MTjCpfteAn'., OHM IU -a;7
IQ(l!i
l?H
21..
, Mfir.Iiio
Jl.ul... 23.,
t.h ,'iini nr 41
,1111 i'hl.il lClec... 20
1203 ! H T ir cits.. 18H
- r. us uol .li
II? Tono lielmont. . . 4
70 Tono Mining. ... 3
70 Union Traction. 43
. u unit uiiii imp.. B-i
12JII 1) H Hteel SflU
IS Warwick IU. 11
OS
42j
04
r.a II
il4
,!iH :: t
20, 4- it
4j ;i
il lt
80..
:(.'
. Tntsl snln," tSOO shnren
fli.irr hist Hntiirdan tine
in. i ureK, iv.nvi imre,
I10NDS.
$3000 Am 0 A K 3s n.fu'
.1000 Key Trl 1st 3s. IIS
noun jrfn vbi urex
ret 4 Vis
3000 pa Co O 4 Vis.
MHlll do rnns 4Vs.
21)0(1 Pn M,i nil lis
JOIKI IMilln 1.-IA,. J Hi
lliOIIO ItonJ sen 4s. . . 034
romparjd, with I4M
week. 08,023 slisrui
Low. Clne.
03 'i 03 U
08 S
Net
Chse.
00 H 100H I00H
ill's lot'k loljf
0.,. 1111. IM-J.'l
11111 lU'li
II 5 '4
Tolnl in es. SSJ.OOO. .rnninnrril with 4J-200
lit Mnlunnyt Ihli vtek, M03.030I Inst k,
M78.SOO,
tTTpnw A fiTCS OF SILVER SMALLER
ON ACCOUNT OF THJJ HIGH PRlfc;
France, Russia and England Believed to Be Waitine fl
-- ! . .. n1J., TJrtAvo TliitM'nn... .TM.iJ m 1BT
MarKet to ucciuic jjwxo j-Ujxi,b Atam iransitl
Trust Certificates Most Active on Local Exchange I
delay very ons. , There Is on f. .
he recent market which aim.ri,l?
ion'.t
:.t
ri
Local Bid and Asked
Huff A Sun t o
cio pro
. r,s
.1 O ltrlll 37
When I
September. l.OSJJ 1.08J4
July. ...... I.07J 1.07'J
('orn (new rlelh-ryj
.niiy , i :
III
September.
Dereinber..
tints
July
.September.
December.
I.nrd
July
Keptember.
ltlbs
July
September.
1'orlt
Julv
September.
311
38S
4 1) (i
12.47
12.00
12.13
12 32
21. SO
21.32
111'!
40
3.t
4ll'
12.17 I
12.00 I
12.30
12. 33
21. SO
21.33
Low.
i.im
l.o I Vj
1.01S
Tii'i
il'.i'j
WIS
30'S
Inan iliut
i.irtiiifi.oi'i
l.oovt 1.115
illVi
301,
t3S
HO?
tm;
40,
lis',
tin1:
.12 tl2.12 12.32
..i2 '12..VJ U2.II3
12.42"12.47 112.17
12.30 tl2.3r, 12.32
21.07 121.117 "1.83
21. (ill 21.23 121.40
llnldwlil
do rfd .,
t'nmbrln Rteel ...,(
lllectrlo 'Stornce . . ,
General Asphalt ....
do pfd
Kej stone Tel
do t c
do pref
I.nke Sup Corp
I.hlith Navigation..
LehlKll Valley
Lehlsh Volley Tr. ...
do pref i
Penna
Phlln Klec
Phlla Co
do 3 per cent. pr.
. do il per cent. pr.
Ph'lrt It T t c .....
HeHtllnir
Tonopnh Helm
Today .
Did Asked
js
n
40,
ii m
los
h:
Testerrtay
llld Asked
HI
, . 83
. 03
. 33i
7"!i
. nt
;
. TO'i
. 83;
. 21 1
. 43
. 38JS
. 2K'
. 40
. 31
. 414
. 18
.104
4"...
Kinonan .Minim; "',
l.nlon Traction 42 Vi
r.nlt tins imp 8s
1' M Steel 83 !
lork Hiiltwny 13J
m iirei ....
Wm. Crump t
Kx dividend,
: 8(1
Bl
HI
83'i
211
41
311
42
18't
Kl4
4 ti-HI
014
13
8Si
8(1
14
371
31 H
38
110'i
tonVi
83
115.
33H
Ih
118
10
74
&
28
40
38
41
18
104V4
i3
no
40
in
in
83
I1.M4
".
Til,
14'S
11,.
Ill
o!i
83'i
lit
211
41
30
42
18,
1111
One of the fading authorities on silver
In this country stales that the future of
the market Is hard to forecast at the mo
ment, lie Points out that the course of
prices In this country naturally will Ml
foeTlh. rnwWt Ii. London an. y hot
the purchase W the mints of the various
Kuropenn nations nt present seem to bo
what will make the quotation.
"her" Is no doubt that France, ItUssIa
and KnRland will use more sliver for coin
aSe purposes, but from what we can earn
m this country they have not been large
buyers recently," this man says. This
may be due to many factors but In my
opinion the principal reason to the , high
price prevailing. Perhenii those Muntrle-.
.re waiting for the market to drop off
somewhat before they enter again ns pur
chasers, but from all outward appearances
they will be compelled to buy again.
"Jus when this will he done no one can
say, nlthough I have nn Idea they will not
un .no uuii oi jnoia nna Ch nn u T'u
times the two largest consume? ?
white metal, Kl" t H,
"Whether these two countries m 4
Into the market soon or whih. ,)" to'
hod off for a long time Is tJS'
op nlon. But ono thing Is certain, tuff1''
will nil buy again somo t!me"aUnoi.titt''
discretion might be used In th. fflff
has been In evidence in the past!" '
All of the Interest in the local ,. 5
todar Svns centred In Phlladelnh , 2,v
Transit trust certificates, more tht
chnnglng hands In the two-htAi- . '
Tho activity wns at the expn,, Si
price, , however, there being a loss i
iracuon. 1'iiiinaeipiiia Electric soM "
later lost tho gain nnd a trine !?"
then ,wns unclinnged. Electrlo
Batcry dropped slightly, as did lS5
Valley. w"ft
nwtth,
43U 4.11,
KN-.
80 .
13i
now
80 J
ii
37
EXPECT STEEL SALES ABROAD
iioh
H4",4 4
Tii
',ii
to
1
3014
32 to
.133
. 80
, AO
, 38
7 lift
R3M,
14,
30 ,4
32 to
133
H.VJ'l
89
38
Miami Copper .
Missouri Pac . .
Montana Power,
Natl Enameling
X Y Air Brake.
N V N H & II..
K V Central . . .
do 2d pfd . . .
N V O & W
Norf & West . .
Norf & South . .
North racldc . .
Ont Sliver
Pacific Mall ...
Penna P. It
People's Oas . .
Pittsburgh Coal..
do pref
S3W.
3V4
83
24
Pitts C C & St L-.
Pullman Co
Itwy Steel Spg . .
Hay Cons
Heading
Bep Iron & St 4814
do pfd 111V4,
Quicksilver 2
do pfd 3 to
Seaboard A I, pr. 30
Seara Boebuck ..183
St I., & S E 2d pr. Oto
Sloss Sheffield .. 34 Vi
So P B Sugar ..240
Southern Pac ... ooy,
Southern By 23Td
do pref 09
Stand Milling pref 02
Studebaker 143
Tennessee Copper. 43
Texas
Third
. 33
. Ii
, 83
. 24 Vi
.131)
. out,
.107
. C4Vi
. 28(, 28V&
. 13SVA 133
no on
.113V, 113
. 7V4 7Vi
. 23 24
. 38' 3814
.lOIVs HU Vi 101V4
20Tb 28T!, 2Vs
103 102 'i 103
80
33 to
3 Yi
83
24 jk
131 137 4
01V4 OlVi to
100 nioy, to
04 Vi 01 Vi 1
2RV&
133
23
PHILADELPHIA
MARKETS
Mi
lVs
HSVi Vi
V
23
38
1T4
"i
1
1
to
SO 811
101 101 104
47Vi 4fliJi 47
22 Vi 22 Vi 22 Ml V,
101i' 103 104 V, to
47 U 47 Vi
11IV4 HlMi to
2 2 to
3Vi 3Mi
39 30 Mi
183 1R3 3
OVi OMi Ml
51V 4Vi Vt.
240 240 3
08 00
23 23
00 00 1 Vi
02 02
142 142 ,
42"i 42 U
Co 103 102V4 102Mi lVa
Avenue fl3V4 osvfc flSVd W
Underwood Type..l03 103 103
Untd Dry Gds pfd 30Vi 30 30V4
U'nlon Pacific 138 issy, i38Vi
tlo pfd 82 82 82
IT S Undl Alcohol. 16014 130 130 to
US C I P& P.... 24 24 24
United Fruit ....108 iflevi ioo
Un Uwy Inv OVI
do pfd 20Va
V S Buhber 60
U S Steel 80 Vi
do pfd 118
U S Smelt 80V4
Utah Copper 82
Utah Sec 1DH
Vn Car Chm 41
Wabash 14
do pref A .... 31
do pref B .... 20
Western Union .. OlVi
Westlnghouse Klec 02
West Maryland . . s?
Wisconsin Cerjt . . 43V4
Woolworth 137
Willys uverland. .303
OVi
10
83
83
117
70',
82
11 Vi
41
11
30
20
04,
01
31
4314
to
0V4 Yt
10
33 Vi V4
83 V4
118
70 V, 1V
83K. Vi
10 2
lt to
14
50 14
29
Dili Vi
li
31
43V4
H
137 137
304 305
do pref 11214 113 HSVa 1V
Total sales. 108,400 shares, compared with
267,000 shares last Haturdnyi this Meek, 3,038,.
200 sbaresi lust week. 1.1113,500 .hares.
FOREIGN EXCHANGE "
NEW YORK, Juno 10. The market for
foreign exchange showed unbroken dullness
In the first hour of business today. Vienna
was a shade lower; sterling showed no
change; rubles displayed steadiness, and
Italian exchange and guilders turned a lit
tle firmer. Otherwise the market lacked
feature or interest: Quotations; Demand
sterling. 4.75 11-16, cables, 4,76 746 franc
cables. S.9IU, checks. 5.91 ': relchsmarku,
76 M607GI,; lire cables, 6,38, checks, 6.39;
Swiss cables, 5.23vi, checks, 6.2414; Vienna,
13.10013.16; Stockholm, 30030,10; pesetas,
20.;5(ij;0.30; guilders cables. It 1I-115,
checks, 4X13.16; rubles, 30.62030.56.
RATES FOR MONEY
Call.
lloston 3 w
Chlcaso ,...: ; 3Vi i
fVew Tork,,,
PhlladtlphU
3 $4
Reserve Banks' Discount Rates
Boston
neu
10 or Ovr 10 Ovor 30 Over 80
less, up to 30. up to 60. up to Su.
in York .
PlilUdelphU
Cleveland , .
nichaiood . .
Atlanta ....
Chicago ....
St. Louis , ,
Minneapolis
Kansas City
Dallas
Una Francisco. 8
ricui.
S
I
J
iv,
New Vortt"!!
PhllsdelpbU .
OUieUad ...
Itlctmond . . .
Atlanta
Cblcaco .....
Bl. XAU1S
As-r
Over 80. Up to
o
5
J"
a
6
S
8
?H
!
k
f
Trde acceptances
u 11
Vi
i
Com.
sIlnofesncHs
Kansas City.. 8
San PraDctscv! 4V4
k
t fe. mos.
mit1
inm.niF- r.l? .!
w a
P 80. mo41ty.
k i
itt PhHadet
of Q ts 0, 4
CfW.
Pisceal..
4 nr ea . .
,wt pa. f ju I
GRAIN' AND FLOUR
WHEAT Ilecelpls, 03.122 hush. The market
wns weak nnd lc. lower, iluo to bi-nrlsh Wpstcrn
mltlfs. Quotations: C'nr lots In pxport ele
vator No. 2 reel. i.pot nnd June, ll.lKtfip l.n3;
No. 2 Southern red. ft. Ill DP 1.113; sleamer Mo.
2 red. flWl.02; No. 3 red. tUM.02; rejected
A. II7H Gflilllar.; rejected It, IHIWIisr.
COIt.V Hecelpts. 21.HUI liush. The market
furlher ndvnnceil lc. under llcht offerings and a
fair demand. Quotations: t'nr lotB for lorul
tiade. as to location No. 2 yellow, 825f821r.:
stenmer ellow. hOl,iHlic.: No. 3 yellow, 78
W7lic: No. 4 yellow. 757ilc.: cob, per 70 lbs.,
NlWMHsc.
OATH Ilecelpts, 28.720 hush. The market
ruled llrm at the late advance, but trnde wus
quiet, Quotations: No. 2 white. 47H? 17'ip. ,
smnilard white. 4U04UVse. : No. 3 white. 44V4
IW434c. : No. 4 white, 41 & 12c. : sample nntp,
38WW3!H4c.: purlfled onls. Brndert. 4 NU45V4 c.
Fl.OUlt Itecelpts, 1130 bbls. nnd 1,078.733 lbs.
In sacks. There wns little trading and prices
were without Important chanse. Following are
tho quotations, per Uni lbs. In wood: Winter,
clear. f4.HUSS4.KilL do., straight, f 1.830.1.13;
do., patent. i,i.23P3.uii; Kansas, clear, cotton
sacks, f 4.iH)ti'4.K3; do., straight, cotton sacks,
14.000.1.10, do., patent, cotton sacks, f,-i.ir,W
o.au; sprint;, urst clear. 9i.ii(irtf.r,.t.r, an.t
straight. I.1.20O3.40; do., patent. J3.408f 5.73!
favorlto brands, $3.l)afsil.23: cits- mills, choice
nnd fancy putcnt, 13.0011.23: city mills, reg
ular grades Winter, clear. J4.iloOi4.80; do.,
straight. S4.83iQ3.13: do., patent. S5.23C5.no.
ItYB FI.OL'It sold slowly but ruled steady
under light offerings. We quoto at I3W3.3U per
bbl., us to quality.
PROVISIONS
Ths market ruled Arm, hut there was lit
tle trading. Quotations: City beef. In sets,
tmoked and nlr-drled. 2fic.i western. In sets,
smoked, 20c. j citv beef, knuckles nnd tenders,
smoked nnd nlr-drled. 2723c; Western lieef,
knuckles and tenders, smoked, 2728c: beef,
hams, S2SW30; pork, fnmlly. ?23..1027.50;
hams. S. 1'. cured. loo.e. ISt'lSWc.: do.,
skinned, loose, 1818,tc.i do., do., smoked.
HHdloc.: other hams, smoked, city cured, ns
to brnnd nnd average, 18 lie; hams? smoked,
Western cured. lStic ; do., boiled, boneless,
33c; picnic shoulders. S. V. cured, loose, 12ac.i
do., smoked. 14 He: bellies. In pickle, according
to average, loose, 111 Ho. ; breakfast bacon, nn to
brand and average, city cured. 2Uc.i do,, West
ern cured. 18(fl8Vic; lard. Western, reftned,
tierces, II tic: do., do., tubs, 14 He; do., pure
city, kettle rendered. In tierces, 11:5c, ; do., do.,
In tubs, II He. .
REFINED SUGARS
Thn Tnnrkr wan nulM but ntPfldV. Quo
tations: Kxtra nno eranulated. 7.3f37.(.:.c,;
powdered, 7.40-7. 75c.: confpctlonerV A. 7.20a'
7.55c.; soft ffrades. O.Sr(!$7.&Uc.
DAIRY PRODUCTS
CHEESE Tho market ruled Arm under light
offerings, but demand was only moderate. Quo
tations: New York, full cream, fancy, new.
lUe; do., fair to good, new. 15lSHc.; part
skims, 0f He.
HOTTER Wholesale demand was light and
prices favored buyers. Most of tho receipts had
to bo stored for lack of an outlet. Quotations:
Western, solid-packed, creamery, fancy specials.
32He: extra, 30'4B3lHc, extra firsts. 2'J
30e; firsts, 2H028Hc: seconds. 27W27He;
nearby prints, fancy. Sic: average extra, 32
33e: firsts, 28W3Ue.: seconds, 2727Hc; gar
licky prints, 20027c; Jobblns sales of fancy
prints. 3740c. ,
KGUH Hecelpts were moderate and the mar
ket ruled Arm with a fair demand. Quota
tions follow: In free cases, nearby extra. 20e.
per doz. , nearby firsts, 17.03 per standard case:
nearby current receipts, fil,nilOH.73; Western
extras, 23c. per doa. ; western extra firsts, f7.03
per case; firsts, fO.OOBO.00 per case; Southern.
JH 13ftHl. 13 per case; fancy selected candled
fresh eggs were Jobbing at 20O2UC. per doz.
POULTRY
LIVE The- market was quiet but steady under
moderate offerings Quotations: lowls. 20tu
2U.jc; roosters. laCtHc. spring chickens, ac
cording to quality, weighing 14J2 lbs. apiece.
,fti.,,i.. . ivhli. I .f-htirns. iiccnrnlnor to nuulltv.
22021c'.'. ducks, us to sUe and quality, HiPlflc:
pigeons, old, per pair, 30W32C ; do., young, per
pair "'fijJ"3c.
DRESSED The market was In good shape
and firm, with supplies of deslrabls stock well
cleaned up. Following are the quotations:
Fresli-killed poultry, dry-packed Fowls,
12 to box. dry-picked, fancy selected, 23c;
weighing 4H3 Ihs. aple. 22,ic ; weighing 4
lbs. apiece, 22!tc: weighing 3H lbs. splece.
21Hc; weighing 3 lbs. aplete, isalc; fowls,
Ice-packed, In barrels, fancy, dry-picked, north
ern Indiana and Illinois, welshing 4H 03 lbs,
apiece, 22c; do., southern Indiana and Illinois,
weighing 4 lbs. apiece, 2114 c ; smaller sixes. Is
02uc. ; old roosters, dry-picked, 13c. . broilers,
Jersey, fancy. 4043c. ; do., other nearby, weigh
ing 1HQ2 lbs. apiece, asllic. : smaller sizes,
33tp3ilc. ; ducks, nearby, spring. HKC20C. ;
miujba, per dos. White, weighing, 11012 lbs,
per doz.. tl.75W.V10; white, weighing 0O10 lbs.
per doz.. J1W4.03; white, weighing. 8 lbs. per
doz.. f3ff3.00; do., do., 7 lbs. per dos.. S2.B0fn
2.110; do., do.. flH lbs. per doz.. S2O2.10;
dark, ll.73W2.10; small and No. 2, 50c. U.
FRESH FRUITS
Demand was only moderate but values gen
erally ruled steady. Quotations: Apples, per
bbl. Wlnesap, f3.30O4t llaldwln. 34j)l: lien
Davis. f203j other orletles. l.ll0Osu; No.
,2. fl.252. Apples. Western, per box. li.ss
01,75: oranses. Florida per crate. J3.5IISJ3;
grapefruit, Florida, per crate. I ISO; lemons,
per box. f3&4; pineapples, per crate Porto
iico. ii.Duud, ' " f ueiawzri ana
aiaryisna. pel
Carolina, ner
and 3Iaryland,
... luumg.
Some Companies Not Anxious to Book
Orders nt Present
NnW YOHK. Juno 10. Although there Is
little or nothing dolnc so far ns domestic
steel business Is concerned, tho buyers In
this country apparently bclnp; supplied for
tho needs for a time at least, It la consid
ered probable that the foreign business thnt
Is likely to be placed here In the coming
months will result In n better demnnd.
The actual orders being taken by tho
various manufacturers nro In excess of pro
duction, but somo companies are not
anxious to book contracts at the moment, ns
they have orders on hand for periods rang
ing from six to nine months.
TRADIiNfl IS SMALL ON COTTON
EXCHANOE, WITH TONE STEADY
Prominent Southern Interests Buy
Near Months
N'BW YORK, Juno 10. TratllnB was
small on the Cotton Exchange th's m"n'
Inc. but the tono wns steady. Jul -Wits
down 3 points while other months were
unchanged to 3 points hlRher.
With the exception of buying of the near
months by u prominent Southern Interest
there wns no feature to the transactions.
Only six trades wero made on the call with
nothing In March. Later n small demand
nppeared nnd July recovered us eanyi.
while December rose 2 points. There
seemed to be little or no cotton for sale.
Liverpool cables were disappointing,
prices being unchanged to to point higher.
Thcv were due to come 2 to 24 points up.
A private cable stated that there, was some
straddle and hedge selling In a Bmall mar
ket there. It was cloudy In the 'Southwest
this morning, but fair In other sections of
the cotton belt. Temperatures wero slight
ly higher.
The receipts of cotton nt the ports for
the day were estimated nt 8000 bales, com
liared 'with 1,805 bales Inst week, 48G7
bales last year and B445 balesln 1014.
STEEL'S UNFILLED OKDERS
LAIWKU MY 108,247 fyj
Total
Hand at End
9,937,708
it
of X)
NEW YOrttC. June in.Tv. . 1
States Steel Corporation today reported
fl etl orders nn Un l,nU n. '. eJ!P"?tt
0,937,7!)8 tons, compared with Utu?,
tons on April 2!), an Increase of i,it?
&...? "''' 191R' th to"H
nJn'lns 'S".""1"1"' "
March
July, .
October
December
January
August .
Spot . . ,
Test, close. Opening. HIkIi. Low. Close.
.1327 13.3U 13.3H 13.311 13.33'
' I 12.77 12.70 12.M1 12.73 12.SI
.. 12.0U 12.00 13.I1U 12.1)11 12.117
13.117
13.13
12.SI
12.83
i.t.nn
13.1.1
rj.ni
13.17
13.21
12.111
13,011
IH.l.l
12.01
13.1.1
13.21
12.IM
12.80
Financial Briefs
Maryland, per qt., 4wm,j blackberries. North
S2GI2.AU: da..' Georgia, per carrier. I'JiTdA -.st
nn.nln..A fa ilfn.nlq na m .,.. ....
l.-lnrlda. ner crate. I!
World, per car, f23UO40O.
r at.. 8 OISc.j cherries. Delaware
id. per lb., 8012c; do., do., per
,i, peaches. Florida, per carrier,
ner crate. 13&.i in
.BO eg. 23; watermelons
E.
VEGEl'ABliES
The general market was quiet and without
Important change, sallowing are (he quota
tlons: White, potatoes, per bush Pednsyl
vaaia, fl. 8001.53". New Vork, fl.2801 30;
Western, ft.2501.30. .Whit. potatoes! wr
bbl No. 1 Florida. tS.S05. 75; No. 2 Florida.
tiat.BO; No. 1 Norfolk. f5.23O3B0. No 2 Nor.
folk. f2 608 30; No. 1 South Csroltna. tift
t3.25: No. 2 South Carolina. t3.23fc ni
V bas nsv .b sbjik W?A j .. .T""
liiiuvH, i. kw " VI "Vt - 0yiUc.i
sawaucu owwi jw-.ii.iwif, jerwy, Dela-
No'
wa're'and JIaryland, per hamDer No. 1.' jjo. Q
II; No. 2. tei'1,,l."''. MrctiminJr
crate No. 1, ll.7601.8S; No, 2, fl. 4001.80.
l'.Miira Knrfolk Slid ESStem tlnir. ..,. kk.
crate. il.3rjOl.S0. Cabbage. Norfolk, per bbt.
II 2.1 1. BO. Celery. F'd. Per crate. 11.730
ttuce, Vlraola. per basUet 3c. 61 i. Beans
orth Carolina. pr J-J-bbl. basket Va"
I 2301.80; green. flBl BO, Beans. NoFtri
2.25.
It
N
&
srouna per ti-uu. "w..ti'"'wi.T3. ueasn
2 Besns Soutb i Caroljaa. per 1-3-bbl. Usket. fl
Ol 15. Pa. Norfolk and Klsstera Shore! wi
half-DW basktl4args. fl42; small. UO
Ii 25. Uppers. Florida, per carrier. suiSs
Eggplant. Florida. per
sauaah. Boutn tsrauns,
coro-riorw, w.fVr
CiiohAa. 'pit 100 b'uncl
crate.
per 109 buacbea.
pet tarrwfrr jr.y- j--
Tomatoes Muuuwippi.
II Mlfhn nit
:'-110123:
tauntwr.
H9 ops.' vUmi:
!.SQ3. cli
Asearaaua, Jersey, per vjaFBy 138tk&,
1 .11
w..t nM.'fl4r ...... ,- "S
-' itT ' OWC.
Kurtz Brothers, bankers and brokers, an
nounce tho removal of their offices from the
Bullitt Building to the second floor of the
Morris Building, 1121 Chestnut street.
A Judgment by default has been entered
for $17,200,000 In the Federal Court In New
York against the Western Pacific Railroad
Company by tho New York Trust Company.
Tho railroad company Is In receivership,
nnd the action was based upon 91 unpaid
notes.
Tho gross earnings of 21 railroads operat
ing In tho United States for tho fourth week
In May were $1.1,001,913, an Increase of
$2,053,275 over the corresponding week last
year.
Commercial failures this week In tho
United States were 287, against 292 last
week, 314 the preceding week and 42G In
the corresponding week Inst year. Failures
In Canada number 27, ngalnst 34 last week,
36 In the preceding week nnd 61 last year.
The Bank of Cuba Is shipping $1,000,000
In gold coin to Cuba from New York, half
being In new Cuban coinage and other
half In United States gold coin.
The following applications to list new
securities have been mads to the New York
Stock Exchange. Ajax Rubber Company,
$47,000,000 common stock; PaclHc Mall
Steumshlp. $1,700,000 7 per cent, cumulative
preferred stock and $150,000 common
stock.
The Financial Chronicle figures the gross
enrnlngs of 34 railroads for the fourth week
In May as $20,536,118, an Increasa of
$5,786,552 over tho corresponding week
last year.
Bradstreet's says: Recessions from past
feverish activity confirm the belief that tho
wire edge Is off demand for the time being
at least. Consequently trade, nartlv be
cause of mid-season conditions. Is quieter,
new business received by manufacturers Is
lighter, distribution by retail dealers has
been clogged by cool rainy weather over
n wide nrca. Still, order books In most
lines are overcrowded, the leading Indus
tries nro strained to the point of super
abundant activity, labor Is even harder to
got than heretofore and, because of the
scarcity of help, steel mills are unable to
Increase output.,
NEW YORK COFFEE MARKET
NEW YORK. June 10 The coffee market
was steadier this morning and first prices
were unchanged to 3 points higher. Trading
was quiet.
Tho coffee market was quiet after the
opening, but the undertone was steady with
pot much selling pressure In evidence. The
early buying seemed to be In the nature of
covering for over the week-end, but at best
the market was a narrow, atfalr during the
hour ot trading. The focal spot market
was quiet and unchanged on the basts of
9,5C. for Bio No, 7.
Liverpool Cotton
MVERPOOL, Juno 10. Spot cotton nt
Liverpool was dull today ot a decline of
2 points on tho basis of 8.40tl. for mid
upland. Tho sales aggregated 4000 bales,
Including 3000 bales American. The imports
were 5000 bales, Including 4000 bales
American. Tho market for futures closed
quiet, net unchanged to half point higher.
BOND MARKET LESS SNAPPY
Demnnd Satisfactory, With New High
Levels in Certain Issues
NEW YORK, Juno 10. There wns not
quite ns much snap to tho bond market
during the last week ns during mo pre
vious fortnight, nlthough a satisfactory de
mand obtained nnd prices wero well main
tained, new high levels having been estab
lished In certain special Issues.
Tho Chesapeake and Ohio Railroad D's
were regarded with favor and a greater
demand for this lssuo prevailed than In
several weeks, Friday night's closing quota
tion being 9514.
Anglo-French B's were strong, sales be
ing made on Friday nt 96 to, which Is a
higher level than has been reached In re
cent trndlng.
Foreign loans wero discussed during tho
week by prominent bankers, but It Is
stated no definite conclusions (wero reached
In this respect. The Russlnn loan situa
tion, which has been Inactive for several
weeks, came up for consideration, while,
more actlvo steps were taken looking to
ward a loan to tho French Government.
Expectations are that both of these
transactions wilt bo closed at an early date,
especially the latter. No amounts have
been mentioned in authoritative circles, al
though it Is well known that each of these
two loan transactions Involves many mil
lions of dollars.
mm. mir. mi, ,...
Jnti. ... 7,nL',7ii7 4,2ls,r,71 4,fli3.60 TnJ
hi1'-."- I?.5'W.P! 'I 4. 3J3.371 8 02 Jin 4"S!S
.unrcn . li,.'i;il, l) 4.::,r,.,,7.1!l 4.n.1 R"i4,;Sl1
April .. n.B2lriBl 4 1112 241 4 277'ou, ,'&H
Juno
July
Auo-.
t'ept.
net.
Nov
Dec,
-l.17y.11IH 4,1)32:831 'gimvi
4.!!2.i4o 4:iss:85jjat
j.. ii2.4.i 1. Jin, sat r,
t riHl7.ll2H 3,787 55 ifSS
"J. 103.4112 3,40 (07 JT,1?
' 7. 1XI1.4MI 3,32lir9' JjIHs
:. . .... ...'7.S00.220 383? 0S 4$g
NEW YORK RANK STATEMENT
Birr Drop in Average and Actual Loat
Demand Deposits Smaller i
'MStv yuuk, Juno 10. The New Tts
bank statement this week shows a deem 1
of $28,311.00 In nvcrago loans .and a fa
of $Gl.fi97.000 In actual loans. AVeriiti
reserves fell $1,190,100 and the actuj
crensed $10,422,900. Demand deposit b.
both statements decreased. Details fotln;
cijCaiuno houhk MKimrcns' aveMo
CONDITION. "&
DfcrrlK,
6.051.(1
Loans, etc
lies. In own vaults
lies. In Federal He
serve Hank
Res, In other depos
itories Net demand deposits
Net time deposits. . .
Circulation
Aggregate reserve.
Surplus reserve . .
CLEARl.NO HOt'SG
$3,371,081,000
-iuu.uau.uoo
100,128.000
00, .173.0(10
3,3os.n3.ri.00(l
172.727.000
31,324,0011
027,202.000
o,-imi,suu
MEMBERS'
NEW CHECK COLLECTION PLAN
Today
onenli
8
juni
July .,,,. ..,07w
xuKust' :... g.134
Stotember ,-..218.25
October .,;,8.27
Novtmbsr ., H.0g8.33
December ,, 8..J7
January ,,. 8.40Q
February ., j.w
March ,..i. 8,31
Aorll ....... 833(2
May .,'...... 8.00S
loiai sales, iitn
s.an
1.H3 .
O bar.
Today's
close,
8,108.31
... 8.
l--t 8.31
8.3408.30 8.311
8.40
j--j 8.43
S. 4788. 48 :.MI
Yest'day's
closs,
T.0UH8.01
8.04ft.oa
8.123 8.14
8.21K.21'
"UCiR.-JX
K:33
&B.S7
8.42
m.it
8.31
K.aaHK.BB
8.008 8.01
RAILROAD EARNINGS
PACIFIC COAST.
IBIS.
1381,490
Increase,
$133,383
4.7no
838487
337,707
CT.B
133.U
STS.U
BOO
iss.usa
378.630
123,000
143.630
47.830
131.830
497. 0U
April tross ,....,,,
Net .....,,.,,..,, 62,3aO
Ten months' grosj,..., O.OflreTi
. 023,03!)
ORAND TRUNK HYSTEJI.
. Grand Trunk of Canada.
April rross 73il.60o
Net . 234,320.
Four months' cross... 2,788.(iso
Net -.- ,. 603,700
, Orsnd Trunk 'Western.
April gross 1168,600
Net .. 81.200
Four months irross ... 308,730
Net 128.100
Detroit. Qrand Haven and Milwaukee.
April gross 1 57.800 111,000
Net 3.700 - 7 800
your months' frosi ... 203.BSO 60 800
Net 800 Ifl.OOO
Spot Wheat Dull in England
OATEnPOOU Jun 10. Spot wheat was
dull today with blue stem. Quoted at 11a
2d, unchanged; No. 1 Northern Spring,
Chicago, 104 Jd, unchanged; No. 3 hard
winter, 10 3d, unchanged; No, $ red -winter.
JOg 3d. tinchanged; No. 1 Northern
Jlardtoba, 10 Sd, unchanged ; No. North
ern Manitoba, 0 Id, unchanged, and. No,
Northern Manitoba, I0sf 44, unchanged.
Corn waa weak and Id lower with Aiaer.
Ictm TOlxeal Bd. 1'late JMlcij qtiotsd t H4. t
KOUf Wl IWCttajjga x f
Governor Rhoads, of Federal Reserve
Bank, Explains Methods
Governor C. J. Rhoads, of the Federal
Reserve Bank of Philadelphia, has sent a
circular letter to .member banks explaining
in detail the new par collection check plan
which Is to bo into effect July 15. A de
scription of the service sets forth the fol
lowing Important features among others:
"Since the Federal Reserve Act requires
Federal Reserve bailits to receive checks
on their member banlts on deposit at par,
the Federal Reserve Doard will not permit
Federal Reserve bankB to pay or allow any
exchange charges, nnd as tho proposed plan
Is a reciprocal clearing arrangement, mem
ber banks must therefore cover at par all
checks drawn upon themselves received from
us or for our account, since such checks
will have been accepted by us on deposit at
par.
"Items on member banks In this district
will be forwardejl direct to the paying banks
and will be charged to their accounts on the
second business day after the date of send
ing, thus allowing us time to receive advice
of payment."
Under authority of the Federal Reserve
Act, the Federal Reserve Board has Axed
a service charge of 1 cents per Item, to
be made to the depositing bank and to be
debited to the member bank's account
monthly. No service charge will be made to
member banks In this district on Items pay
able In Philadelphia,
T,oans
Ites. In own vaults
Res. In Federal He
servo Hank
Res. In other depos
itories Net demand deposits
Net time deposits..
Circulation
Asareffate reserve..
Surplus reserve....
NO.N'.MKJinKRS
CONDITION.
13,331,409.000
-114,014,000
139,073.000
Loans and
ments
Oold
Currency nnd bank
notes
Total deposits...
Increase.
30,010,000
3.271,480.000
170,020,000
31,031,000
034,407,000
BANKS AND
(.UAH AMIES.
Invest-
$710,103,700
iiu.ua i, auu
ll.SIl.Ta
l.lTl.rM
6,272,600 '21i,M
tn isita
$
$803,310,000
ADVANCE IN CLEARINGS
Total for Week 53.74 Per CentAWn
Qnmn Prt-iftr1 Toot Vasi 1
.41
Bank clearings throughout the coralr
continue to expand, the total this wee
being $4,746,785,105, compared with ,!.
021,751 In the corresponding week ol UJ
year, an Increase of 53.74 ner cent raw
delphia stood second In the matter t!j
Increase, with- New York first. Delsc
follow: '.
torn. lots. .Perorf1
New York. J2.472.(llin,73n I1.42I,1H4,0U
iiostnn ... iiti.aui.ujii
rhlln. 201.203.1128-
Mnltlmore. 33.173.2S3
C'hicnito . . 2117,874, K71I
St. Louis.. !)3,4.-,X,5t
N. Orleans 2.1,127.007
Month of May:
into.
New York.J12.0nil,027,342
Phlla 1. 030. 11118.332
llaltlmore. 181, 3311. G7K
Iiostnn ... 8011,1110,831
Chlcaeo . . l.l!(12.283,2S8
LOUIS., 4.11,1111,7711
103.3311.11111
B.I
12t.846.045 4 If
12t.nS2.870 fffj
24.833.B7I HI
2ST.I
113..
17.1
incrra".
4.333.D7K Hi
7.333,021 'H
3.3B0,57J 4-114
7.000,211411
1013. Vt'1
,10.1,01",
Orleans
fa nn.v
ViT 1"1 rii .
ii oin iu ii'
O73183.0-.' .
l.aiT.KSS.WJ g
Expect Lead to Dec'ome Firmer
NEW YORK, Juno 10. Reading lead
dealers state that all Indications point to
firmer conditions than are shown on the.
surface. Despite reports of the To. a pound
New York level being shaded, sales are be
ing made for foreign as well as domestic
consumption at the higher figure, and the
point Is made that the buyers would not
pay 7a If the metal could be secured at
6.90o or 6.95c There has been no change
In quotations by the Important trade In
terests, thq American Smelting and Refin
ing Company and others holding at 7c. a
pound New York,
BANK CLEARINGS
Dank clearings today compared with corre
sponding day last two years:
IfilB 10.1K ' la, 4
Philadelphia.. 135,807,763 $27,292,051 124.533 363
lloston ..... 39.233.613 27.78o:087 '2s;28(;i81
ion aba ant
o0.'084:10 l J
vi
Local Reserve Bank Statenunt $ I
The condition of the Federal Reserve BV'! 1
Philadelphia at the close of buslneu J
compares us louows:
P.ESOUP.CES.
June 0,
com coin ana certificates
$0,024,330
10,483,000
30,000
433,737
20,31)3,097
601,033
0,033,071
In vault .
Gold settlement fund
Daianco
Gold redemption fund..
Leaal tender notes,
silver, eto
Total reserve.,......
Commercial paper
Hank acceptances
Total bills discounted
and bought ,
U. 8. bonds ,
Municipal warrants,...
Total Investments...
Due from other Federal
reserve banks net.,
Federal reserve notes
on hand
Notes of national banks
and other Federal re
serve bankB ,,.,..,,
All other resources ,,,,
Tltal resources .$44,738,703
LIABILITIES.
Capital paid In , $5,210,030
Reserve deposits, net.. 83.730,820
Government deposits... 4,111,571
nna In nth,, ITo,1aral
Iteserve Hanks net.. 1,077,013
All other liabilities..., 8.271
Total liabilities $11.738.763 $l3.'jHt
IMS' ' Qu
"9Ki I 1 J,
0,855,604 !& .'
4 000,000 fMj-SSi W; !
4:203;007 i.lM,m V jti
$8,203,097 IWligJ f h
fcMfS h
03.250 ' I' Ju
12,875 M
8:249 roj Y.
LKQAL ADVEBTISE3IK.NTS
IN THE COUKT OP COMJION PLEAS NO 3
19Pl,h9NoOU49480 PbU'le"'h''1- cn TeVm?
Notice Is hereby'ilVen that an sprtlcatloti will
be made to the above court on Monday, June !til
191U. at 10 o'clock a. n.. under-the provisions of
m act of AJsembly of the Commonwealth t
Penns1vsnla entitled 'An act to provide for th
fncorporatloa and resulatlon of certain corpora
tlons.". approve! April 29. 1874. and the supole.
m,nli thereto, for the charter or an ln,-.jvrs
issSjsm
ana odjcci oi wmco i 10 promote the liUerf i i
K"tHftES
anrf
IruUc
&w'Ji6?wan&g2Mpa
Kf3JffllS,i&
f h"?
SSi TtA sC&SSmfm 4VnB4KS!5ff "
I7IsH.$V
Stronger
Investments
Tlie wonderful prosperity of tb1
United States has so increase
the earning capacity and tK
assets ot many of tne compaiv
whose securities we' recomrii'11" ;
for investment that, while 'n'1?!
securities can still be nurchalfjl;
to yield a most attractive reWjft
tney are intrinsically strongHj
today than they ever have Wf?
before. Foe sramnU . Invlls rsaUttll if
for Circular No, 1..1I7.
describes a stroni first mortfat)
wunu vieiains; qver rvi Yr v-
tax free lu l'euna,
A. B. teach & Co,;
Investment Securities f
115 South Fourth Street t
Philadelphia ,f
New Tork fJhlcaao PuBaJt,
Bostoa IjAidon, Etxf.
il
Charles J. Bender & &V
INVESTMENT BONDS
Members PbUidtlphU ' Stock Ex
WORTH AMERICAN UUU
JUKKTSORV OP ACCOPNTaST
Ce !19tl SiiKll IpwinusU 2i
m .ffi P& & V&M i.s4-
vvms uxhuMum'
m mm, m