7I ? w, . , p
FTltf AXmT AT ATTCDSr.G
BVENIKG LEDGER PHILADELPHIA, TUESDAY, JUNE 13, 1916!
H;
. "3f
STOCKS ARE IN CONSTANT SUPPLY;
,:- DEMAND IS GRADUALLY LESSENING
.Wall Street Impressed by Fact That Public Shows No
Signs of' Coming Into Marked-Pools Make Dem
onstrations in Various Issues
High Points in Today's Financial News
4 Additional gold to the amount of fit000,000 came in from Canada. Vtet
Point Manufacturing Company declared extra dividend of i per cent, in
addition to regular semiannual of I per cent. Central Aguirrcs Sugar Com
panu declared $2S cash dividend, making fil for this year. Gas Securities
Company declared IS per cent, dividend on preferred to liquidate all accumu
lated dividends. Price of bar silver lower in New York and London. Cosdcn
Oil and Gas mill issue (6,000,000 6 per cent, bonds.
" V
NEW YORK, Juno 13.
The movements of prices on tho Stock. Exchange today were tllsnppolntlnK
to tho speculative element on tho floor, there being a constant supply of many
important Issues at substantial concessions with a gradually lessening demand.
It was Impressed on Wall street that the pubjlc ns yet shows no sign of coming
In the market, although It had been hoped that the developments at Chicago and
the satlsfactlbn over the political outlook would proye such nn Inccntlvo as to
create an extensive buying wave and cause vigorous advances In the early part
of i this week., Tho opening of tho stock market yesterday flrst Indicated this
situation and demonstrated tho continued lack of outsldo Interest.
Today soma pools and room traders made demonstrations In various stocks,
causing abrupt upturns, but there was no sustaining power In tho market In tho
last half of tho day, and nearly everything on the list showed some amount of loss,
Tho action of the Mexican group might bo construed as' Indicating that a new
source of uneasiness had been found In tho Increased tension In the Mexican situa
tion, but the properties whose stocks were weakest aro not located In any part
of the danger zones.
Mexican Petroleum, which dropped 3 points, has Its plant at Tamplco, whero
It car bo assured of ample protection, and American Smelting properties are also
In locations In which there Is llttlo fear of Interference or damage because of
Mexican aggression.
Tho movement In Heading on both Its early advance and decline reflected
simply tho operations of a few room traders. Tho advance In American Beet
Sugar was In response to pool manipulation, and activities In other Issues wero
Inspired chiefly by a desire to awaken, public Interest.
Gas Securities to Pay Accumulated Dividends
NEW YORK, June 13. The Gas Securities Company declared a dividend of
-12 per cent, on Its preferred stock to liquidate all accumulated dividends on this
Issue and a dividend of 12 per cent, on tho common Btock, both payable July 1 to
atock of record June 15. The Gas and Electric Securities Company has declared a
dividend of 14 per cent, on the preferred stock to liquidate alt accumulated dividends
and 12 per cent, on the common stock, both payable July 1 to stock of record
Juno 15.
Central Aguirrcs Sugar Declares S25 Cash Dividend
BOSTON, June 13. The trustees of tho Central Agulrfes Sugar Company have
declared a cash dividend of $25 per share, payablo July 1 to stock of record Juno
26. It Is announced that tho trustees have under consideration the question of
placing the stock on a regular quarterly dividend basis, beginning October 1 next.
On May 15 last, Central Aguirrcs paid a $10 cash dividend and on April 1 a $G
dividend, so that the present declaration will make $41 so far this year.
Big Jump in Exports From ort of New York
NEW YORK, June 13. The exports of merchandise from tho port of New
York for tho week ended June 10 were valued at $91,541,624, against $51,285,406
the previous week and $25,516,535 In the corresponding week a year ago; since
January 1, $1,730,457,634, compared with $592,763,173 In tho corresponding period
last year.
Extra Dividend for West Point Manufacturing Company
BOSTON, June 13. Tho West Point Manufacturing Company has declared a
regular semiannual dividend of 4 per cent, and an extra dividend of 4 per' cent.,
payable June 30 to stock of record Juno 15.
$4,000,000 Additional Gold From Canada
NEW YORK. June 13. Gold bars to the amount of $4,000,000 were deposited
at the 'Assay Office to the account of .J. P. Morgan & Co. The gold came from
Canada and brings the total on this movement to $48,095,000.
WHEAT STRENGTHENS
AFTER WEAK START
New York Bond Sales
Covering by Shorts and Evidence
of Foreign Buying Help
Prices to Advance
1
GRAIN I1E1.T WKATHER FORECAST.
CUICAOO, June 13. The weather fore-
cant for 38 hour follow;
Illlnal. MIourl. Iowa nnd Vt lronlr
Tartly eloudy tonight, and Wednesday prob
ably showers! not much chanse In tempe
ra'" Minnesota Partly eloudy tonlsht and
Weuttuj i somewhat warmer.
North and Houth Dakota and Nehrka
-Generally fair tonight and Wednesday I
Kansss Partly eloudy tonlcht. fair Wed
nesday; not much chance In temperature.
CHICAGO, June 13. A fairly good de
mand from cash and commission houses,
ccverlng by shorts and some evidence of
foreign buying, rallied the wheat market
today after It had started weaker, and last
prices were at or only a shade below the
best.
Part of the demand was based on a re
port by Secretary Fowler, of the North
western Grain Dealers' Association, placing
the area of wheat in 'Western Canada nt
10,597,000 acres, against 12,540 acres last
year. '
It was reported that the British Govern
ment was 'In the market for about a million
bushels, but that the terms and shipping
conditions were not attractive. The initial
decline was due to an accumulation of
overnight selling orders, additional weak
ness abroad and favorable weather con
ditions, with the exception that there were
coma rains In Kansas that were not wel
comed, .harvesting being about ready
According to Bradstreet's, the visible sup
ply In the United States is 52,723,000 bush
els, a decrease of 239,000 bushels for the
week and compares with 18,571,000 bushels
a year ago; In Canada It Is 56,662,000 bush
els, a decrease of 2,998,000 bushels for the
week and compares with 10,531,000 bushels
a year ago; In Europe (continental stocks
omitted) It la 101,900,000 bushels, a de
crease of 800,000 bushels for the week and
Compares with 69,600,000 bushels a year
ago. St. Louis received Its first car of new
LeajJInr f uturei ranted as follows:
Yest'ys
Wheat Open. Hlahv Iw. Close, close.
4-7t .M1 I.U2V4-1.IH, ins
04 1.08H .Hli1.0tt1.0
OT
July
September .
Perember . .
jufiornn.w
September . .
Decmter . .
PH
July ,. ...
September-
Ucember . .
xaru-
Septemi
H1D
JtiJy . , . .
September
Fork-
July
gept ember.
M l:S:i:olt!.
.08K LOT 1.08H i
m
70H
t80l
,f!
illvery
MS 10 H
eoK eifi ao2
SSJ4 S9i S8U tS'l SOU
88I S8S 38V4 38h t38
30 H 40 30 H 40 33H
BO 12.S3 12,72 12.82 tl2.TO
(&. 18,00 .12.87 112 97 XS.a3
..IS 02 IS 12 12.90 13.00 12.82
.43.10 13.17 18.00 tlS.10 13.00
..22 OS SS.IO 52.2'S 22.M 22.80
.22.03 22.80 21.84 22.0T 21.95
lAUfceo.
L ' i
uly ... ..12.80
oer. . .12,
Old.
5pot Wheat Easy In Liverpool
J4VERPOQT June 13, Spot wheat was
easy today with blue stem quoted at 10s.
9d a decline of 3d. ; number 3 hard winter
10s., a loss of 2d.; No. 3 red winter 10s.
2d a recession of Id,; No. 1 Northern
Manitoba 10s. 5Wd., a decline of 1U1.
Nil. 3 Northern Manitoba 10a, id., a loss
of 2d, ; No, 1 Northern Manitoba 10s, 2d ,
a decline. o( Id. The. receipts of wheat for
thrt'fl days amounted ' t, J51.Q00 centals,
all American. Corn, was weak with Amer.
can. mixed quoted at 9. 'Sd., a drop .of
flit!, and plat at 9. 80., a decline of
Id, The receipts for corn far three day
totaM 71.000 centals. Flour was, quqted
it iZi,, a decline pf 3d.
International Exploration on Curly
KKKt YORK, June. 3. Stock; of the In
Wrmtjonsl Exploration. Company waa ln
Ireiucwt H the curb today, trading- begin
sg at 5l This la CanadlA, corpora
mm with capital of 3t(M,000. par II,
t wfcitM mlNMtl J1.S09.0P0 hr in the treas
itry 'iii wnMriy Ja ursanlzid to explore
sH 10 ti yftMJfrtf of Al!rt. where It
lah miv to ftmmmmi. UeW$s of oil
k4mmm ,
1000 Ala Ccn fla 103'4
Jiioo Amer Aer v r iojVj
100(1 do deb 3s 074
50(100 Anulo-French !is IM
400(1 Amer Smelt Ses (Is ... lOTi
2tli)0(i Am-er Tel elt ta i UU
54000 do cvt 4Vss 10SH
2200O Amer Writ l'ap 5s . . M
34500 Atchison sen 4a 03S
50000 do cv 4s 1055 107
5000 do 3a 1917 101U
3000 Atl Knox A On 4s . . S7h
00O Atlan Co Lino 1st 4s . U2(4
500(1 do clt 4s hll
2000 Halt & Ohio 3Hs D-'Ti
loooo do ns um
20000 do 4s 01
45(100 do cv 4 '-j a DIP!
2000 Urook Hap Tr 4s . . mi
3000 do Bs 1H1S 100'i
2(1000 Can Uov 4s 10(11 100U
40000 do 4a 10J0 100,
2200(1 do 4s 1031 lnl
1000 C C C St I. 4s .. HOW
20000 do 44s M4
2000 Cent Lenth lBt 5s liuij
MOOO Cent Pac lBt 4s N'li
41000 Chill Copper 7s 128
2IOOO Chi & Alton 34s ... luTi
bOOO Cnl Ot West 7s 71
ilooo Chi Nwn 34 s bl'i
1(100 do deb 5s '33 1014
500(1 C & Nwn H r 5s .. 101',
2ooo c 11 & Q Joint 4s . . . 04
1000(1 do sen 4s Odd
moo do III 34 s b.-i4
3000 C M A St P 34 a . . 7s!.
2(1000 do 4s 11123 04
2000.1 do conv 5s losH
H.'iKHi do cv 44 a itrjs
(12000 C 11 1 I' clt 4s -17 054
4000 do 4s ;' (,32
27000 do rfd 4s 734
4100(1 do 5a 5i
3HOUO do cv one stu . . . 5(1
4000 Chi JTwy 5a 0JS
5000 Corn Prod 3s -34 mi,
330(i Con Oas conv (is ..1234
500(1 Cuban Am Sugar lis .1024
lhooo Cumberland Tel Bs ..loo'.i :
2O0U Del & Hud cv 4s . 107'J J
300(1 Den 4 Klo Or 5s . 70i
2000 Detroit Uas 5s lolj, j
2700U Dls Becur Corp 5s . . 771
5poo Krle conv 4s ber A .. 714.
500O Hit, I'a col 4s no '
70(MI Urla prior 4s .14
127000 Krle conv Her U M
1200(1 liuj i Man In Bs In
3000 do rfd 5 . 73
I5UOI) Chi St U 4 N O 5s. 1014 I
3U0O III Cent 4s 1053 .. .. MPS
2300(1 Interb Met 4 4s ... 74 S
3000(1 Interb It T Iter Bs. 08 S
5000 inter Mer Mar t 4 4s loin
5oo Japanese 4 4s 814
luoo Jap 4 4s E.ib sta 8Ht
vuou Kan City So 5 til 4
20ou Keokuk & D M Hit 4a no
1000 Lacka Steel fia 1050. 01M,
1400(1 Uc Sh deh 4s 1U2JJ ... 034
5000 Lou and Nash ...... 04 4
3000 Mex l'et Co Bs Ser C..1U4 1
1000 M K & T Ss 75 .
23000 Mo I'ae cv, Bs 474
10000 do c Ss 48
18000 Mont I'ower Bs 07'
oouu ixai 'iuds as
luou N V C L a 34
viuuu n 1 u s 11 III
UIUUIJ UU il)SS J
looo do 4s , 014
500(1 do 44s 04
10000 N r C i SI I, 1st 4s. 83
1000 N y City 34 s Nov '51 U04
46000 do 44a fU(I ., 102
BOOM do 44a 10(13 .....,107
looo do 44 s Nov 1057 ,1074
4000 N V Gas HAP 4,. . (,ij
1000 do Ss , 1044
5000 NTUIli H 34s '84 70
10V0O N Y Itwy rot 4a .. ,78
18UWI do adl Bs I B84
20000 N T Tel gen 4'is, . 98ii
10000 Nor West CU 44s 13?
miw. uu -la , . ... ..... U34,
. Vl'l
,. 1004
4s .... 734
. ...1144
500O Nor Pac sen 3s
oiuuu jxor rao
4s.
res
Alviut UnIM rn-1 7-
5000 1'enna sen ct 4Us'
.MUlfk tin ,n JU a
do.44a l2l
2300O
uuo
OOOO People's Uaa fis. ..
,'ouu t-ubua arv M j
3000 Heading aen 4s
Sa
lot
XrJ1
200(1 Keuub Cuba Bs 1004. ililK
20O0 Hlo Ur ft W clt 4s 75
xuuu at it i si so sen os 101
172000 St I. ti F Ser A w 171
88000 SI L 8 l In w I iH
iwmw ao tter u w i , tT
1000 Ht Louis 8wn 1st 4s 78
BOOO Buaboard A, L, adj 5a 07:
1000 South liell Bs . . (00
OOuu Houth Pao cv 4s es
10000 South Pac rfd 4 oSC
23oN Bouth ltwy en 4s 71
J00UO South Itwy eon Ss !0l
li)M Tesaa and Pac 1st 5s 07
m
100
ioii
103V
iolfi
00OO Third An. ref 4s.
oouu TSlnx Ave auj as . .
1000 IS 8 Rubber Ha. .
1S00O 0 S Steel 8 P 8s . .
;i.0oo U S Smalt litis s
1000 Union Pas 1V Is. .
800U Utah Por Ss
looo Wabash 1st Bs
BOOO Wabash 2d Is
soou west anoia
is.
.8
115
osC
10SS
6
81H
al Mi
(U4
102
105
854
014
NEW YORK BUTTEB AND EGGS
NEW YORK. June 1?. Butter Buying
interest more In evidence and feeling
lightly firmer Receipt, 23.881 Quota
tions unchanged
JSs-rTraduig generally ju't end as,
lected. Tone irregular Receipt?, 38,053.
YiUrday's ijuoUtlona are unchanaed.
Itlah, Low, Clnie,
18H 18Jf 18H
0 , 8Jf 9
22H 22M 22)
27Ji 27 27
825( 82 82H
80H 8(1 89H
100 03 100
605, 63 63
OUf CO (10
102 101H lOUi
65H 65 65U
New York Stock Sates
. , Lsst rlose.
Advinco Riimely ,. 18H
Alaska J Gold M 8?
AI8SK8 uoid Mine 22H
Alll-Chlmcrt Mfj,,.,.. 27M
Allls-a Mfe of 82U
Am llrtt Sucat 87,'i
Am licet Sugar pf.,,,.., OS
Am Can ,,. , , 68,V
Am Cat A Fdv... ....... 01 ,
Am Coal Products 102
Am Cotton oil 5.i
Am Exprcsi... ,,,,,,
Am Hide & Leather.
Am Hide A I. nf. ....... :,li
Am Ice Securities 28)i
Am Linseed , , 22
Am Locomotive. ........ 7.15(
Am I.ocomotlva pf 10.1
Am Smelt A He! OS
Am Smelt pf A 05!
Am Steel Foundries 62
Am Sucat Iteflnlnir 1I25 lt2f 112H 112'f
Am Tel & Tel 130X 130X 130)( 130J1
am lonacco sua 200 205 205
Am ion pr new., I07H 108 108
Am Woolen 4SH 48) 47
Am Woolen pf I)8J 08H 08!
Am Wrlllni P nf 26! 2Ctf 20
Am .inc l s sm sojf
Anaronda Cop M 85
Ascti Realization 4H
Alch Top & S V 107
Atrh T &S F pf 101
Ilald Iico Wks OOX
Halt & Ohio 02J(
Halt & Ohio pf 77
Ilatopllas Mlnlntr 2).
Ilrookljn Hap Tr 87'
Unite & Superior 051$
Cal Petroleum 22!f
Cal Petroleum pf 48'
Canadian Pacific 178
125!i 125. 12SJ-S 125W
HiJI ltMi lOJi 10)
52 52 62
28tf 23 28
22 22 22
731f 72)4 72l
102!f 102!f 102'f
vH vmi 0CJ
05!f 05!f 05!i
61M 51H 6IH
108
47
IW4
20U
87
85) i
5
ALLIES' ECONOMIC
CONFERENCE WILL
BEGIN TOMORROW
Btirning Tariff Problems
Cannot Escape Discussion,
Though Not Timely Now
Sates in Philadelphia
Hljh, Low,
ALSACE'S TRADE PUZZLING
87
85H
5
87
8fl
6
107H 100H 100'S
loojt looK ion
wi 8m sow
D2W
7o;
2
87J
mil
21 M
48
177H
55
02H
77
87M
00
21J
40
178'i
02)
77
2
87)j
05
2IJ
48
177H
55
Central Leather fi.1l f5!
Chandler Motor 110'j bi 11414 114J
Che . Ohio 00! J 07 00)j OOlj
Chile Copper 211 21H 21H 21H
Chlno Copper 64IJ 5I5 Mi MM
Chi Oreat West pf 38!f 30 H7i 38
Chi Mil A St Paul 101 101U 100H 100K
70
Chi M A St P pf
u u c a st r,
C O C A St Lpf....
Chi A Norlhuestcrn.
Chi It I A Par
Cluett Pea A Co ....
Col Fuel A Iron 44'i
Col A Soulhern 3Gtf
t-oi &. south Ut pr GO
Comp T Ilec Co 47M
Consolidated Oa 130
Corn Products Itcf SOX
Crucible. Steel Sfl!
Uecro A Co pf 02
130!, 130! 130,'V 130H
r8)i 68
S-l'i K.
130i 130K
20'i 21
'51.'
45K
mi
00
47
130
20!
80! i
02)(
.235 235
58
85
130
N20H
75H
44H
35
50H
40H
130 .
20tf
85)
02U
235
68
85
130
21X
75! i
44i
35
5M
40H
131
20','
85)j
02U
2?5
12!f 12!f
30H 39H
55 54 W
40'f 40!
33!,
130
4RH
27
12'
30! (
am
4R'
401 40"
78 78
121! 121'
;Wf 38
Del Lack A West ..
Delau aro A Hudson 153' 152! 1525J 162JJ
uenver mo ur io 10! 15V$ 10
uen A Hlo Gr pr 30'S MM 31)
Detroit Edison 130) 130 130
Distill Sec Corp'n 10 40 48J
uomo Alines 27' 27
Bill S S i Atl pf 12!
Erie 395
Hrla 1st pf 551S
Krlo2d pf 471
Gen Chemical pf 110 llfiX 115M 115M
uenerai I'.icctnc I7.m 17J! 172 172
ticnerai Aiotors pr ill 114' 114 114
ureenc-uananea 47
Goodrich II F 78H
Oreat Northern pf 122
G N cfs for oro prop ... , 384
Gulf States Steel 88)5
Gulf States S 1st pf 100
Gulf Slates S 2(1 pf 80
Illinois Cent 107i
int con cor v t c sh. ... 10
Int Paper 12)5
Int paper pf 58
Insp Con Cop 401
Int Nickel v t cfs 40K
Int M M c of dep 25H
Int M M pf c of dp OOVj
Jenel Tea '.. 87W
Kan City Soulhern 20)$
Kelly Sprlnc Tire 74'
Kennecott Copper 54!
l.aeK steel Co 72H
Laclede Gas 100
Lake Erie A West 15VS
Lake Erie A W pf 39!
Lehlch Valley 83J4
Lee Iluhber Tiro 52K
Llcsctt A Mjcrs 251 250i 250) 250),
Loose-W His 1st pf Ml &G 80 80
Lons Island 30) 41H 40 40
Louis & Nash 133 35'5 131 134
Manhat Elev etd 120) 129.'i 120JJ 120!
Maiuell Motors SO bU.'Z 80) 80'
Max Motors 1st Df 8S5 KS.' km sc
Max Motors 2(1 pf 5SV4 59) 57H 50)
May Dept Stores 05S 05 kri 05
Minn St P A S S M ... .120 12GJi 120K 12GS4
Aiencan t'etroieum. .
By YVES GUYOT
Ex-Mlnlster of Public Works. IMItor L'Aeencs
Kconomlnue et Klnanclere.
Special Cable to Evcnlnp t.cdotr
PARIS, Juno 13. The economic confer
ence between tho Allies will begin on Wed
nesday. It hns been decided not to tnko
up the question of customs tnrlfTs, but it
will be Impossible to keep it out. ns It li
nllled to all the economic nffalrs of the
Allied nfter the war.
The conference seems to many full of.
danger, ns It cannot help bringing to tho
surface mnny antagonistic Interests, not
to spenl of hatreds, especially of the Cen
tral Empire's. Hatred Is a very poor foun
dation for an economic future, nnd. besides,
the Interests nf all the Allies nro not the
some ns regards Germany.
Commerce with Germany takes first place
with rtussin, while It has far from the same
position In either England or Franco. On
the other hnnd, Alsnco nnd I,orralno must
return to Frnnco nftcr tho war, and they
cannot subsist without commerce with Ger
many. Therefore means must be found for
Alsace and Lorrnlno to continue commerce
with Germany nfter tho war, and It stands
to reason that Germany will demand a
proper trade exchange. One can discuss the
extent and vnlue of this trade, but It will
be Impossible to refuse It ns a whole.
90 Am ttt Hiia
loo Am,rtws pref.
s.1 Hald Loco ,..,
loo 11 a t.t ,,.,
0 Ches A Ohio ,,
100 Cl K A Ir ...
222 Kfec Slot i,,
80 Kris .J ,
If (I (Jen Asp ,. ,
PO rlo nrif .....
no Harrison tiros. ,110
aa itunt a n T .
11 Insplr Cnp , ,,
2S Ins Co N Am,
lno Ky Tele Co
ir5 I-h Nav ,. .
1S1 ih val
Hll Leh Val Tr .
, 1 do pref ....
'."i Nov Cons . . .
231 Penna II R...
a Pa. Rto-I nrpf
10 I'hlla Co cum pf 4IH
fl7 I'hlla nice . . . 2Il)l
soa mils, it t t p, in
37 Phlla Trne ... 77
..10 Hay Cons 2a
II nil Itendlnif 107U
n.M Ton llelmont.. 4 li-in
300 Ton Mlnlnsr . . n fi-li)
.1711 t; O T St)
3300 tr & Rtrei , . . 87'1
15 Warwick I A ft life
(10 Westmoreland S rt7ji
ln cramp & sons si's
330 York rtwy .... in
100 do pret 37'i
J10.rjS
'lh
5onn Am O A K 5s . 03S
1000 Am ltwy ns ...loo
looo City 4n rtr lllli.lOIH
Slid do cp 1011 ..loi'i
3(1(1(1 K & P Tr 4 s . H2
7000 I, N cons 4Hs 10214
lL'oon I, v I)rx r 4Vis.lonu
IIIIHl rtn lt .",. (IIU
loooo Pa Co rn 4'4s KM J
. Net
Close, chge.
89 W 8t 3
08 J4 D8M 08W .....
noli noti finH 5
ss r.li no 8r
no ct4 no 4- ;i
nn nn nn
41 41 41., ?
384 38. 38. J
34 84fl 344
7l(i Tl4 ,11rt ,S
10 110 110 11
h m m r 3
70ft 7B4 7J't M
83 83 83 1
43i 4.1'i 43U .
1HU 18J4 18 i U
no II H
US 414 Ml
28't 20. ... . .
18 in-. a
2.1 is. M
lo.i ins I U
ll 4(i l.iO
A?, on .....
884 StJ. U
8(1 8n4 74
ni .
ntJ4 i7i .....
8IU 84U, J4
37 37)4 4-1
Net
Close, chgp.
03 '4
100
HUH
101 ,
82
I02U 4
miili
?
EARNINGS OF KEYSTONE TELEPEONfel
COMPANY CONTINUE TO SHOW INCREAS
Gross. Net and Surplus Larger for May and Five Sin' J
Persons Interested in Company Wondering Whenl
n.l- "nortiQirm Will T?f Hnnrlorl Tintirv. V
has been forthcoming and tw. . .
In the property cannot und.r(Ih.ttltotsri
? being held up, as it I, "JJSt? Wfl
: "! -.,eS ..LM.We, In th.Ti',
IrflW.
93
100
101 W
101
8(1
lOJ'i
100U
li I H
llll.
10.1'k
Progress In the matter of earnings con
tinues to be made by the Keystono Tele
phone Company. The statement for May,
which Is Issued today, showed gross earn
ings for the month of $121,702, an Increase
of $8154, as compared with tho correspond
Ing month of last year. Net earnings were
$61,007, a gain of 12121, and the nt sur
plus after deducting Interest charges
amounted to $33,GM, an Increase of J 11. 9.
. For the five months of the fiscal year-
ending 'May 31, the gross earnings totaled
$B9B,8(!8, Increase $38,51)1. The net vns
$208,823, Increase $17,710, and the net
surplus was $161,558, Increaso $12,564.
Neither the company's common nor pre
ferred stock sold on 'Change In the morning.
Persons Interested In the Keystono Tele
phone Company nra wondering when tho
Ponnslvnnla Public Service Commission
will hand down a decision on the matter of
the leasing of the compnny's ducts, or pirts
of them, to tho Philadelphia blectrlc Com
pany. The matter has beerf hanging fire
for almost a year now nnd It has been un
derstood on severnl occasions that ft de
cision would be given shortly. As yet none
year.
the agreement, which was resell .
the two companies In Fehn.. "I
iar, ' ci fU-
When the agreement finally tr,.. l-!ik
i It Is believed that It iTi ' lis? UsP
the earnings of the KeyM0 'ilf !
Company nnd also help th Viv'fwi
Klectrlo Company in extending M ui(si
... .., ... ..u.-.u.. n, ..lliuil 11 Will j,. -"W
removal of overhead wires, tttt i
Ab far ns an odvanco wn x 4
certificates overshadowed evertiM11
in me trailing on the PhllartslnVi -.
Kxehnngo today, moving uK?
the highest point at which th U
soiti. York Ilailwnys common ;"..
i. ---.. aieis DftlJ '
H. aM .
to a new ton mark. crntn.
tllnrA.t.Ait hnxA 4..II
v
i-.b.s.icu iusu . inn point, vrhll. i? ,w
Companies of New Jersey gained il VH
t.f tv, i,iAt,.-t .i --. ..h. nea two.)-.-
.?
for tho hlolioot tl,.,. ,.h. "'
n,i,.;i,M,itf.:".. ?!"" war,
common, on the sale of SB Tarf?Sl,l
to the lowed of tho year nt n"e. Wf?
n'i
lot .
iin4
Mill" Mlnconi Hi! .lll.i'1 lo.ijii !; .....
snnn P A .Mi nil di ion, lonj, lml J4
2000 PhlU Klee 4s 81 8.1 83 '4
looo da ns . ..lot in.l lo.i.
2000 Vn lty Inv Ps . 70'4 70 70
Local Bid and Asked
MOTOR STOCKS WEAK
ON NEW YORK CURB
p
-10'f
78H
122
ASK
8!)
OS
89
10S
18f
12H
o7H
18
nh
25f
nr.K
STii
27
74H
52J
73
inn
18'f
52H
80
08
S9
103
18Jf
12K
57
in
46H
25ii
OSii
S7M
28H
"I
:2y,
71
ion
ir,H
40
82!
80
08
lOR '
1SH
12s
fi7
-18
47
25(
OSU
87H
27
74
r2?s
72!.'
ion
lR'f
41't
82J
S2
....107H 107K 105
4?f
355i
7f
7
SOJi
115
i
35!f
m
ni
snu
118
123
110
2I'S
not i
181:
105'-i
4M
U.JW
0.'
II!.'
son
115
125
140
24H
U8
18U
Mo Kan &. Texas 414
Miami Copper 35Jj
Missouri Pacific OH
Mo Pac tr cN fitj
Montan Power S6f
.Montana roner pi 115
.at Hlscult pr
Nash C & St L
Nat Enam S Co
Nat Lead Co
Nev Con Cop
New York Air Brake...
N Y N H & II
New York Central
N Y Chi &St L
N Y C 4 St L2d pf. ..
N Y O & V
Norfolk i. Western
Northern Pacific
Ontario Silver Mln
Pacific Mall 05
Penn Railroad 58)5
reorn liistern HH
i-eoiws ti.is cm .
Philadelphia Co...
Pitts Coal Co N J
Pitts Coal N J pf .
Pitts C C & St It.
Pittsburgh Sleel pf
Pressed S Car Co .
Pub S Corp'n N J 129H 130
lty Steel Sp Co 47K 47
Ilay Con Cop 22Jj 23li
Reading lonif 107H
Readlne 2d pf 47 li 47l
Republic Iron & S 40 40;
Republic I & S pf 111H 111W lllii llHi
.125 1
138 140
. 24i 24H
. 06lf 68
. 18H 1SU
.140 14 Hi 140Ji liOtf
. eai am n:i 01
.107JX 10SU iooh 107
4M 44 43!. 4 J
on n en
28i 28lf 281.'
135!f 133H 1.13'j
110 USIi 115;.
7! 71S 7)j
25!i 25 25
.! 5S1J 58h
12 12 12
102)5 10JH 10215 102)j
4ll WH WV, 4U3
20 M 20H 29) 29) 1
uavi UHJi IU.DI 1U.1)
80M 87 815 80
:07)5 07 07 07
40 48) 48)j 4S)i
05
28f
13.p
115!.'
7)i
Other Issues.Are Not Influenced
and Rise Flemish
Lynn Leads
i
NEW YOItlv, June 13. There was a re
adjustment of conditions on the Broad Street
Curb today which carried with It a develop
ment ot heaviness In the motor stocks
which had for tho last few weeks been
most prominent In tho outside trading. The
weakness In these' issues, liowcver, did not
Influence the rest of the list nnd Importnnt
movements In other stocks were to higher
prices.
Most attention was devoted to Flemish
I.ynn, which rose 1 point to 7., a new
high record for that stock. The buying
was based on knowledge of tho Intention
of the consolidated company to diversify
tho character of Its output so as to reach
all classes of buyers, presenting a broad
Old for its product.
Cuban Cane Sugar was also cxceptlon
nlly strong and, nftcr reacting from an
early advance, again moved upward, Belling
at 631. Mldvale Steel was jnflucnced by
statements jrum koo" hiuuu 111.. 1. ... .iw
dend distribution will be made in July.
For some days past this stock has been in
persistent demnnd nnd has been steadily
established at higher levels, selling today
at 68 s. '
Tho ngreemeni of the merger between the
Flemish-Lynn Phonograph Company and the
Lynn Phonograph Company, Just filed with
the Public ftilitles Commission of New
Jersey, enumerates tho following ns the
company's board of directors: Benjamin
n. Knglander, president Knghtnder Spring
Bed Company ; John T. Sproull, president
Coal nnd Iron National Dank; B. I.. At
wnter, vice president nnd general manager
William Wrlgley, Jr., Spearmint Gum Com
pany; Frank Ilornn, president Bornn Dis
tilling Company; Henry C. 'Bayllss, cashier
Bergen County Bank, Now Jersey; Jl. B.
Bncr, president of tho company, nnd Clyde
H. Slease, counselor-nt-law. A. balance
sheet of the merged companies is now be
ing complied nnd will bo mndo public
within tho course of a few weeks.
INDUSTRIALS.'
Todiiy YstPrday
Hid Asked Hid Asked
Hurt h Hus t c r3'i "I'i rii'i t-ii
do . pfd r,n (id (111 no
J ( llrlll 3d .'Id's 37 40
llaldivln 81114 no III 111)4
do rM 107)4 107'il
Cambria Steel 83 is 83 Hr,
Hlectrlc Stornito (14i (1.114 " 0U
Uenornl Asphalt 31 344 33". .11
..do pfd 71J. 714 70)4 71)4
Kcsstono Tel 1IJ4 1.1 1454 13
do t n 14)4 1." 144 ir,
. do ntd (is (111 08 (HI
Lnko Hup Corp 0)4 in 10 10)1
'eh Nay 7d'. 70S 70W 77
Leh Valley 82W 83 83H 83.
I .eh VnlTr 1':! yaji 31 1!'
do prof 43 484 13 43)4
E?n,na ,;, 84 r.8. nsn r.Ht,
Phlla lilec 28 2B l!ll sill,
Un Trnc 42"a 43)4 i'M 43)4
U O 1 8,S4 Nil .KXM 80
K S Steel R(1J4 Ml'i 87)4 87U
York Hwy lr.V. Ill 1.1)4 HI
do prer 37)4 37)i 37 37'4
Wm Cramp to 81 8.1 85 83)4
Financial Briefs
51
07'4
18i
(IS
HI
(ins;
3
.18
.111
11.1
Car
pret
130
40!f
23
105
47U
48)i
130
40'.'
23),'
105)S
47)f
48!
Seaboard A I, pf ....... . 40
bt h& S F w 1 17
St Louis Southwest 20) (
St L Southwest pf 45
StL&SK2dpf OH
Sloss-S S 4 I pf 05
South Porto R Sus 239
Southern Pacific OOJf
Southern Ry , 23Jf
Southern Ry pf C0)f
Standard Milling 100)5
(standard Milling pr 02
StudebaVer Co
Tena Copper, ,
Teras Co
Texas Pacific
Third Avenue
United Cigar Stores
United Cigar Mfrs
41)
17
20
45)5
0)5
0B)X
239 239 239
09 09)5 OOJf
23)i 23JJ 23)i
C9J5 G9U C9
101 10055 101
92J5 02J 02J5
40
17lf
20
45)5
0)5
00)5
40
17
20
45)5
0)5
90!.'
.142M 1I2M 141M 141)5
43)j
..104
.. 12f
,. C0!f
.. 07M
07i
43)f 43
105M 195
12),
GO
07
50)5
5H
ju.
43
105)5
13
on
07
58)5
5M
30,
13
60)J
07
t ooi
.,. -. .. -t . ::r
union nag &. raper on &l(
Union Bag & P pf 30M 30)1
Union Paclttc 139)5 139)5 138!f 1311
Union Paclflepf,, ....... 82)f 82)5 82)5 8255
USlnd Alcohol 100 100 159)5 150)5
USail'iF 24)5 24 24. 24
United Fruit 105JJ 100)5 104)5 164)5
Unlted Rys Inv Co 9M 0)f 0 0)f
US Rubber,.,.,..,.,... 55)5 55)5 55)5 55)5
U S Rubber 1st pf 10955 109)1 10955 109)
U S Steel Corp'n b7H 87)f 80)5 SOU
U 8 Steel Corp'n pf,,,. ,118)5 118 U7J5 117J5
USSmBiM,,., 70 79Jf 78)5 78)5
Utah Copper,,,,,, 82H 3)X 8255 83)1
Utah SecurlUes . 10)f 19f 10)5 10)5
Va-CaroChem,, 4355 4335 43)5 43K
Va Iron Coal &0 -imi 50)1 50 60
Wabash ,...., 14J5 14)i 14)5 14)f
Wabash pf A 50H 51 5055 5U5i
WabajbpfB., ,,.,.29 28J( 28)5 28J5
WeUs Fargo Exp ...131)5 134 13315 134
wot Union Tel 04 84)5 94)f 04)5
nninpw , d-'Jl KJJi 02)4
Western Marjlartd 32 32J5 32
West Maryland pf 46J5 51 47
Wheel Lake Erie m .5 m
Wheel & L E Ut pf. ., . . 14)5 16)5 15J5
Wheel & L E-2d pf 6) 6)5 5H
nmys uyenana.. 3tyj sui B05
Acme Tea
do prer
Aetna Exploshes ...
AJux rtuhber Tiro ..
Am Ilrlt MfB
American Motors ....
Am Mnrconl
Atlantic Oulf & W I
do pref
Canadian Car Co
Can Car & Fdy pref
Chevrolet Motors . . .
Cuba Cano Sugar . .
Curllss Aeroplane ...
Drlses-Seabury
Kmerson Phonograph
Flemish- Lynn
Haskell tr IJarker
llendee MfR .1..
Inter Mer Mar .
do pref .......
Kathodlon Hronza
Maxim Munitions
.Mnnnattan Trans
Motor Products ,
Mldvale Steel
(His Hlevator
I'ecrless Motors ,
I'erlman Ttlm .............
Puole lnff
S S Kreseo w I ,....,,.,
Standard Motors ,
HutimarlnA
Triangle Film
United Profit Sharing ....
L'nlted Motors ,
V S L 4 II com
do pref . . . .
White Motors
World Film
STANDARD Oil.
Illinois
Ohio
Pmlrle Pipe ,...,..
Standard Oil of California.
Stftlidaril Oil of New Jersey
Standard Oil of New York
TOTHEIJ.OII. STOCKS.
Cosden Oil . , v. ..
Chalmers Oil ,
International Petroleum
Houston '(HI
Mldest ReHnlna
Sapulpa Refining-
. MINIXQ STOCKS,
Atlanta ,'
HuttB Copper and Zlne
llulle N V.
I'arrn ti. t.flBCO. .............. .
First National 4
nnMfl.M Mercer . 10
Ilecla Mlnlnz , 4"
Howe sound 4T
J.ll
(11 U
41!
17
lf-l
34.
'.'.1
LM
0.1
L'O
lli
1)4
,(!S
'(18
no
11
13 1
110
10)4
8
38.
iV4
HSU
in
110
18
(11
3'i
311
.17
71)
til)
2.1.1
ill
133
p.";
7'4.
311
27
27
100
21 "4
7'i
Us
72
ISMi
112
7.H
3W
.15
38t
1
STOCKS
Hll
2.10
2111
2.MI
..810
..208
23)5
to),
J.I
(II
IHs
13(1
120
11
II
3!)H
3
15-in i
1ir
o-.
Following Its usual custom, the board of
governors of the Philadelphia Stock Ex
chnnge hns ndjourned for the summer, only
to meet nt tho call of the chairman.
IMoro thnn 80 per ccht. of the dividend
warrnnts issued In payment of the accu
mulated 141. per cent, back dividend on
Maxwell Motor first preferred stock have
been converted Into llrst .preferred stock.
The. company announces that time for con
version of the remaining outstanding war
rants has been extended from June 30 to
nnd Including July 31, upon tho same serms
now, existing In relation, to tho right of con
version up to Juno 30. No further exten
sion of time for tho conversion of dividend
warrants will be granted except subject to
such terms nnd conditions ns may bo de
termined by the board.
Ilobert 1,. Gerry find Parker B. Handy
were elected to the board of directors of the
Farmers' Loan nnd Trust Company of New
York at the nnnunl meeting held today.
Other directors wero re-elected.
I-ouls W. Hill was elected a director ot
the First Notional Bank to fill the vacancy
caused by the death of his father, James J.
Hill.
It was learned today that Cosdcn & Co.
had made preliminary application to the
Philadelphia. Stock Exchange for tho list
ing of tho company's stock and bonds on
tho Stock Exchange.
Tho New York banks lost to the Sub
treasury yesterdny $1,510,000, but gained
since Friday last, $4,890,000.
COTTON MARKET OPENS STEADY,
HUT PRICKS SOON DROP
Principal Seller Is the Man Who Sold
for Mysterious Sources Yesterday
NEW, YOIIK, June 13. At the start this
morning the cotton market was steady, with
prices 2 to 4 points lower, ine came oper
ator who sold heavily yesterday at tho
opening was the principal seller this morn
ing. It was believed nround the ring that .the
snpply came from German sources, ns the
point was made that Liverpool has free
access to tho cables nnd can execute orders
nt any time, while nil tho German business
heretofore hns been either nt tho opening
or closing, nnd the fnct that tho supply
stopped after tho Btart on Monday n,nd was
not resumed until this morning caused this
opinion to be given much attention,
The fluctuations were somewhat Irregu
lar during the flrst hour but demand failed
to broaden on bulges of 2 or 3 polnfs,
while such slight rallies seemed to meet
Homo cotton, nnd prices worked off to a
net decline of 7 to 8 points after 11 o'clock.
The decline carried October contracts to
12.86, or 8 points under last night's close
nnd about IE points tinder the best price re
ported on the rally at tho end of last week.
There was some Southern selling on this
decline, but offerings tapered off ns Decem
ber approached the 13c. level, and the mar
ket was quiet early In the noon hour with
the tone steady, although prices showed llt
tlo rallying power. The Higher temperatures
reported in tho South were considered ns
favorable.
Yes. close. Open. 11 n m,
July 12.78 12.77 12.78
October ......12.03 12.01 12.SD
December x. ...13.08 13,(11 l.l.or.
January 13.1.1 13.13 13.12
May 13.33
NEW YORK COFFEE MAWffir$
NEW YOItK, June 13,--Tn. .I
market opened quiet this mornir,. fi
little further liquidation fi? lZ$4
count, but tho selling was not actlv, 1m &
undertone wns fairly steadv iik .fv.5 I
prices showing declines of two in .
points. Sales on tho call were tM ffl
12 m.
12.78
12.80
13.03
13.12
1 p.m.
12.74
12.8S
13.0.1
13.11
Liverpool Cotton
LIVERPOOL. June 13. Spot cotton was
quiet at a decline of 3 points today, on the
basis of 8.3 9d. for mldupland. Tho sales
aggregated BOOO bales, Including 4000 bales
American. Tho imports wero 2000 bales, all
American. The market for futures closed
quiet at a net advance of V41! point.
3'
30
Jim nutler u
Jumbo extension . .
Konenck Zinc .....,
McKlnloy Darrah .,
Magma Copper ...I.
Mines Co of America
Nlplsslng ....
San Toy ..;.
St. Joseph Dead . . . .
J"
04
88
13
in
15)4
BONDS,
.10
inn
233
221
212
.133
210
25i
8
lllli
18
(17
11H
12
M
3s
n
l5
.1
07
1)0
14
Hit
HI
-H
7l
1",
lu',4
Cerro 6s . .
C & O Cs ,
Mldvale Us
if
Willys Orerland of iiik ill m
Wisconsin Central-. 42 4'i 42
WpoWo'lh If W... ...... 138 138)5 138
Wool6rth F W pf. .... .125M 121 124
Quotti tx dlvldtni.
GOVERNMENT BONDS
Bid
2 ntsterc4 1930 lH
2 coupon 1930 ....,,, 9SH
It rtfUltred 1918 100)4
upon 1918 .
glitsred 1923
3s coup
-is real;
4s couson 1S25
ftna 2 mutcrtd 18S0
Panama, is ngUlersd 19l..,,t.
Faoa Ss wajsa ....... 0 ... .
lOOH
it
02)j
32)(
50
5
10H
6H
305
111
mi
138
124
As1u4
1W ,
100
Ifcl
192
im m
..113 i 113
, . Udi 071?
FOREIGN EXCHANGE
NEW YORK. June 13. The market for
foreign exchange In the flrst hour of Busi
ness today presented little or no feature
aside from an easier turn In francs and
Stockholm exchange. Sterling and relchs
marks were absolutely unchanged. Quo
tations; Remand sterling, 4.75 11-10: ca
bles, 4.76 7-16; franc cables, 5.91;
checks, 6.92; relchsmarks, 754 and 75T4 ;
lire cables. -6.38; ehecks, 6.38; Swiss
cables, 6.23; checks, 5,'lHl Vienna,
13.05 and 13.10V; kroner, 29.82 and 29.80;'
pesetas. 20.12 and 20.18; guilders, 42
and 41 J rubles, 30.55 ana 30.69.
In the early afternoon the foreign ex
change market was quiet, without special
feature. Quotations: Demand sterling,
4.75H4.75 U-16jcables, 1.76,4.76 7-16.
Franc cables, 8,914 ! checks. 5.92. 'Relchs,.
marks, 7594 75. Lire cables. 6.38;
checks 6.38 Business Is very light In
Italian exchange, and there la virtually
nothing, doipg In rejehsmarks.
COSDEN CO. TO ISSUE BONDS
Philadelphia Bankers in Syndicate Un
derwriting $0,000,000 .Loan
BALTIMORE, June 13. It is understood
that the Cosden Oil nnd Gas Company has
virtually completed arrangements for tho
Issuance of 56,000,000 0 per cent, bonds.
which will e underwritten by a syndicaia
of Baltimore, New .York, Philadelphia and
Tlttsburgh banking Interests.
Tho proceeds will be used toward the
payment for properties recently acquired
and In process of acquisition. These bonds
will bo convertible nt par Into common
stock of tho Cobden Oil nnd das- Company
at 15.
It fs understood that the bonds will be
a flrst mortgage on all tho properties of
tho Cosden Oil nnd Ons Company, and
will be offered to the public 'around 100,
resular
payable
DIVIDENDS DECLARED
Northwestern Electric Company,
Suartcrly 1)4 per cent on preferred,
uly 1 to stock of retord June 24.
I.lnde Air Products Company, resular quar
terly 1)4 rwr cent, on preferred and 2 per
ecnt, on common stocks Preferred Is pay
able July 1 or stock of record June 20 and com
mon Is payablo June 30 to stock of record
June 20
Kansas City Fort Scott and Memphis Itall.
wax. 1 per cent, on the -I per cent, guaran
teed preferred, pas able July 1 to stock of
record June II). Hooka open July 3.
McCrory Stores Corporation, resular quarterly
1"4 per cent, on preferred, pajoblo July 1 to
stock of record Juna 20.
American Cities Company, regular quarterly
of 1)4 Pr nt. on the preferred stock, payable
Julv 1 ns registered Juns 22.
Sloss-Sheffleld Steel Bnd Iron Company, reg.
ular qusrterly ot l. per cent on Its preferred
stock, payable July 1 (0 holders or record
June ID.
American Brake Shoe and Foundry Company,
regular quarterly of 2 rr cent, on the preferred
and 1 per cent, on the common stock, pay.
able June 30 to Btock of record June 23.
RAILROAD EARNINGS
COLORADO AND SOUTHERN.
, lnin Increase.
First week June 1240,34,1 120,3(10
From July 1 14,037,022 1,279,081
MODILE AND OHIO.
First week June i:2n,inr J23.02.1
From July 1 11.05,1,177 750,147
" VIRQINIA AND SOUTHWESTERN.
First week June $3.1, 10 I3.B53
From July 1 1,821,490 130,180
MISSOURI, KANSAS AND TEXAS.
First week June 1(100,877 J5O.R04
From July 1 ..,,, 30.310.1)47 7.18.863
TOLEJJO. ST. LOUIS AND SOUTHWESTERN.
First week June $103, S0 Ml, 10(1
From July 1 8.212,437 885,803
DENyER AND RIO GRANDE.
tune . . . . ,
July
August ...
September
October . .
November
December
January .,
l'Vliniiirv .
Today's
openlnc
8.15
8.13
TTuttriuS
- .'te'i
"fw S
. 8.27
.8.30
i8
-.1 :
Siaych..::::::::::::::::.. hi
Rid. Total sales. 2000 iU.. '
South Dakota Central RaiiroarJ J?
SIOUX FALLS, S. D.. JUM ,, V
South Dakota Central nnd j S'?iit
sold at master's sate for JD52 000 iT?'.!
expected that the Great Northern m,..1
It over from the reorganization corwiiijj
Stronger
Investments
The wonderful prosperity of the
United States has so increajed
the carninR capacity and the
assets of many of the cornpaniet
whose securities we recommend
for investment that, while thtte
securities can still be purchased
to yield a most attractive return
they are intrinsically stronger
today than they ever have been'
before.
For example, we Invite requnii
for Circular No. L-177, , wbloa
describes a Btronir first mortxiri
bond yielding over five per cent,
tax free In I'cnna.
A. B. Leach & Co.
Investment Securities
115 South Fourth Street
Philadelphia
New York Chicago Btsttito
Boston London, Ens. TjaiUmoni
S30.40O
2,800,143
J20.312
1,078,01(1
7,f!39
2.070,080
First week Juno r. 14(13,900
r rom juiy 1 .d.l'(l,021
v TEXAS AND TACIFIC.
Flrs week June 1320,400
From July 1 18.008.723
WESTERN MARYLAND,
First week June I202.S14
From July 1 s. 10,110.238
SOUTHERN RAILWAY SYSTEM.
First week June ...... It,3t4.042 I21B 737
From July 1 05.473.08(1 , a,91S033
Alabama Great Southern.
First week June J08.18O 117111
From July l 5.204.842 T37.1UU
Cincinnati, New Orleans and Texas Pacific.
First week Juno $20(1.141 131 083
From July 1 10.2S8.400 1.42o3i)U
Georgia Southern and Florida.
first weeK juna sll.28.1 S3 nR
From July 1 2.277 543 1X5S
Decrease,
LIVE STOCK QUOTATIONS
CHICAGO, June 18, HOGS Receipts 10 onn.
market 5-1 6c. hleher. Mixed and 1 butchers
10.20007.11 .jrood heavy. J9.5S0O77: rough'
heavy, J0.20ao.50i Hunt. 8. 00 OB 70- nlss
88 00: bulk, JB.5O0O.7o! ""UIU'''-'U. PI".
CATTLE Receipts, 3000: mlftket atrnnir
?en6n""', 5-s:?i J'Wa and helTerS, I43
8 00, .lockers and feeders. 1(1 238.00; Texan.
I7.50W0 40. ralves, I0.8OO12 lexans.
SHEEP -Receipts. BOOO: market steady N
IL80! W"tern- I8.2SO10.00. lamb" 1Y0.MO
No Initial for Cuba Canu Sugar Now
NEW. YprtK.'June 13. The report that
the advance In the common stock of the
Cuba Cano Sugar Corporajlon yesterday
was due to expectations of an early meet
Ins of the board, at vhlch time an Initial
dividend would be declared, Is stated by
those In close touch with the company's
affairs to be without foundation. A high
authority said today that it was not the in
tention of the management to declare an
Initial dividend for the present, notwith
standing that earnlnga are ample to do so,
Surplus earnings of the company during the
next few rnonths will be utilised In strength
enlng working reserve and in meeting fresh
obligations or outlays so that the efllclency
of the property may be raised.
Boston
Cblcauo
RA'J'ES FOB 5IONEY
:.:: 181
3H
KAttr Yorl
Philadelphia , . 5
MatAtl .. p....
Tims
8. 4
V
4
Is
DANK CLEARINGS
today compared with corr
ifli.i
Roston .. .Iss.-MO iu t-y ttty.78 IJU.o.li.s
H.nlr rtesrliUES
.nnnrflno. A .. V lfiftt tWQ VCSrS
.-.... , ,..v- 111.
0 1DU Sy 4M.t
0.30J 27 741.1
Now York .531 Ja 4a 34
t tauui,. Js.7lS.s31
AA S.V.T'Z.tT
41244 CU. 761 J S3 68 AvllTol
ELKINSMORRIS & CO
BANKERS
Land 'Title Building
Philadelphia
High Grade '
Pennsylvania Tax Free
Railroad Bonds
Equipments ,
and
Public Utility Bonds
MKUUERS
NBiV YOBK AMI 1'IlIl.ADKI.rjIIA
STOCK KXCH.iNGKS
BAR SILVER -
ADVICE
"Wo invite inquiry from pe.nori
contcmplatinfj conservative liK
vestment and shall be clad to ai
vise regarding any current seen-'
rities, or submit a selection oi
bonds made by our organization
of trained Investment Bankers. "
Edward B.Smith &Co
EsTSBLisnco 1803.
BANKERS
Members .Veto l'orfc ani rMladilfUt
Stock Exchanges . -f
1411 CIIEST.NCT SIBEET, PHIUIlEtWU t
30 TINE SIBEET M T0 -4
m
i i n
lq
T
it
a
HP
Commercial bar silver was quoted at 03U e In
3014 d , on Hd.
Splendid Opportunity
FOR
Very Profitable Investmenlj
. - v..rf BM
ItesponsiDie minins nouoo m ";"' -T iihirt
.-fill Mn.ri.nrM wiahpa to sell ssvfrsi r,j
ble mines owned and under option. ajJLJ3
orterlnt Is excess of favorably reported !"&&
ties oer House's requirement.
For further particulars apply "
RRF.1TUNO & CO.. Lid.
II I'INK ST. NEW VOBK CrffJ
muKOTuay or accountants
Certlilid ublir AreoununU
.... AWJWJC1 bKoWlN ft Co.
2 88S Wlij
PittsburghCoal Company
(oi New Jersey)
Plan of Readjustment
To the Holders of the Preferred Stock and Common Stock of ti ,;
Pittsburgh Coal Comnanv of New Jersevlt '
Holders of more than SO per'cent. in amount of preferred 'toi
-..- u- h. "i. in amount or common tock Imvlnir assented o
I Ian and Agreement of .Readjustment dated February 1, 1916. tie
Readjustment Committee has determined to declare the Plan operatl
ana lovproceea to carry the same into effect, and therefore call fr '
the deposit of certificate of stock as provided in the PUn n j
Agreement. ,
Stockholders, who have already assented to the Plan and Agree- J
ment must deposit, with one of the Depositaries of the Committee, cef
tincates for all stock now owned by them.
Stockholders who have not heretofore assented to the plan andi
okiecimeiii, iiMy- UCV.UH1C panics inercio ny (lenositintr their certincaicjjf.
oi stocK witn one ot the Depositaries of the Committee.
A"j "rtificates oi stock deposited must be endorsed in blank, of
aaaiBHtu uj (j(iicr dssisninciHs ami powers of attorney in blanK, au
be accompanied by executed Assents and Proxies and Dividend Ord?fH
for the payment and delivery of all dlvidmi. ..,. . r., .mnn the,
order of the Committee, in the forms prepared by the Committee. W
event of deposited certificate? of stock standing in a name other thsj
that of the depositor, the deposit theredf must be accompanied pf
the necessary stock transfer stamps, or cash in lieu thereof, in re
spect of the same.
I . A.u deS0rJfV.1L0Ui,e B"dc " PromPHy possible, and a
. ...W. CM. J W,U Ifliu,
Interchangeable certificates of drnn; -,r,ni:r..rnn r. !. listins
of which on the New York Stock Exchange has been made, will J4J
issued for deposited stock. '
Depositing atockholder will promptly receive all cash divid.-V-
declared and paid by the Company. "" M
Address all communications to I n i v-m
A. W. MELLON
GEORGE T. OLIVER
J. BFINLEY
r w HENRY R. REA
EIW.WSitcb.f$l$- JOHN "-BISHOP
2 Broad-Strejt. A. J. MILLER
New York, N. T. . HARRY BRONNER
hPnE,.. Rdju,tmer,t Committ;
Banker Trust Company. . , v.i, M v
,.., T ., .B c!om uompany, Philadelphia, Fa,
y. J. LeMQTNB.
Secretary of ths Commutes.
Henry y. Oliver Bulldln.
PlUsburrt, Pa.