Wfrlr ' ,..M.T..h,.,t . .. . ? ,
M.r ,. .. v.,, ..., 1 n rf i-nin n. rn.n.r il in --- - i i i - i A, n.r i .
"FINANCIAL NEWS
'i . -1 -f -. -
E V&N1K& LBDaEK-KlLABELPHIA ttHUKSDAY, JUNE . 15, 1016.
UOHT TRADING IN STOCKS RESULTS
FROM MANY IMPRESSIVE INFLUENCES
Protpects of Further Foreign Financing Not Bright and
Statements That Railroad Labor Demands Will be
Submitted to Strike Vote Not Liked by Street
i
High Points in Today's Financial News
m , Gold to the amount of fSSO.000 came in from Canada. Extra, stock,
initial and increased dividends declared. Bank of England's gold holdings
decreased in week, while Dank of France reported increase. Reported that
Philadelphia Company has bought Allegheny Coal Company for $2,000,000.
Price of bar silver4 lowtf in New York and London. Big demand expected
for steel from abroad as result of placing of European loans and credits.
NEW TfORK, Juno IB.
Tho stock market was under many Impressive Influences today and business
from tho opening was extremely quiet In tho standard Issues. Tho prospects of
further foreign financing were not bright. Tho leading financial lntorests bcllovo
that moro Umo should havo been allowed for tho secondary distribution of tho last
Anglo-French loan. Thoso bonds wero heavy, declining from 95 to 9SU. and
this recession caused interest to bo attached to tho statements In regard to tho
now French loan of 1100,000,000 and to Intimations that a long credit of J260,
600,000 will bo arranged for England. Probably all the funds to bo obtained for
this financing havo already been utilized in stabilizing storllng and French
exchange
The Mexican situation also demanded a good deal of attention because of
current reports that notlcos havo already been sent calling out tho National
Guard of many Statos. Tho dovolopmonts at tho railway conforonco also exerted
n Unfavorable lnfluenco and the statements thai tho labor demands will bo nub
mlt'tcd to a strlko vdto created again a disposition to restrict trading in railway
Btocko. There was a Bhow of strength In tho general list at tho opening, but this
was of short duration, and during tho greater part of tho remainder of tho day a
"wavering tendency provalled, although prlco movements wero in most cases con
fined to within fractional limits.
Companies Declare Extra, Initial and Stock Dividends
NEW YORK, Juno 16. Tho E. W. Bliss Company has declared an extra
dividend of 11 per cent, on tho common stock In addition to tho regular quar
terly dividend otJL'A, per cent Tho samo extra dividend was paid on tho common
In March of this year and in Dcccmbor, 1915. In tho last three quarters tho
company has paid 374 per cent, on tho stock. Tho regular quarterly dlvldond of
S per cent, was declared on tho preferred. All dividends aro payablo July 1, to
stock of record Juno 22.
Tho Gulf Statos Steel Company has declared an Initial quarterly dlvldond of
1 per cent, on tho second preferred stock, payablo August 1 to stockholders of
record on July 1. Net earnings for May after alt interest, depreciation and other
reserves, etc., wero $204,890, or $787,912 for tho five months. Tonnago of unfilled
orders on tho company's books again stands at a new high record.
Tho Quantanamo Sugar Company has doclarod an annual cash dividend, of 12
per cent, or $6 per share, and a stock dividend of 9 per cent, or $4-50 per share,
both payablo July 1 to stock of record June 20. Tho stock dividend will bo paid
on tho basis of par $50. Last year tho company declared a cash dividend of 12
per cent and a stock dividend of 10 per cent
DENVER, Juno IB. Tho Midwest Oil Company has resumed tho paymc it of
dividends on tho preferred etock by ordering a distribution of 2 per cent quar
terly on tho issue, payablo July 20. It has beon Indicated that all accumulations
will be paid this year. Tho company has $240,000 in surplus account Holders
or record July 1 will recclvo tho dlvldond. Back dividends amount to 8 per cent,
the company having stopped payment about a year ago.
BOSTON, Juno 15. Tho trustees of tho Boston and Worcester Electrio Com
pany today declared a semiannual dlvldond of $l.B0'a sharo on tho preferred stock,
payablo July 1 to holders of record Juno 23. Tho increase in tho dividend from tho'
usual $1 declaration Is reflection of tho steady growth of tho business and develop
ment of tho territory served by this lino.
More Canadinn Gold Deposited in New York
NEW YORK. Juno 15. Gold to tho amount of $2,250,000 has been received
from Canada and deposited at the Assay Offlco for tho account of J. P. Morgan a
Co. This brings the total on tho present movement up to $53,640,000. '
BUYING. BY SHORTS
MAKES WHEAT RALLY
Early Liquidation Causes De
cline to Low Levels for Pres
ent Downward Movement
New York Bond Sales
GRAIN BELT WEATHER FORECAST.
CHICAGO. June 15. Tho weather fore
at far SO houra followat
lUlnoU Partlr cloutlr. probably local
bowers tonUht or i'rldaxi coaler north
.lUHonrt -l'artir tloujr toniznt ana ti-
nuea lonisnti cooicr
unMti
d&v.
northwest tonicht und northeast Friday.
. iviaronain anowers inn
DroDablr
rest tonfet
nn.lnMti
ilxhti .Friday, partlr eloadr cooler east. .
lUnneiota l'nrttr cloudy tonlfht. ponU
ily showers east and cooler northeast) xrl-
hla attcrnoon or co-
Waff
lows nnowert mis aiiernoon or tonisut,
cooler northnreott Friday, fair. , .
North and HonMi Dakota Generally fair
tonUht and llldny, not much chance In
temperature.
Nebraska Poaalbur unsettled tonisnt ana
Xrldar. not much change In temperature.
Kansas Unsettled tonUht and . frldar,
possibly thunder showers sooth this after
Boon and tonUht, nofmuch chance la tem
perature. CHICAGO, Juno 15. Considerable buy
ing by shorts rallied the wheat market
today after It had experienced a period of
liquidation, resulting in new low levels for
the present downward movement Rumors
of sales of hard winter for export at the
gulf, a good demand for the cosh article
at Minneapolis and Winnipeg, heavy clear
ances from the seaboard and relative
strength In corn helped; the tone.
Final prices were below the beat on
profit-taking, but they were above yester
day's last quotations. In the early deal
ings the feellnc was depressed, there being
a good deal of bearish news.
Particular stress was then laid on the
enormous supplies, with the movement of
new American wheat to market in sight A
authority here said that the United States
Wpuld havo more than 200,000,000 or ex
port and carry- over on July 1, against
(4,000,000 bushels on the corresponding
late a. year ago.
Corn developed a firmer tone after It had
abown easiness, but ended below the top.
July displayed a good deal of strength.
Oats Improved after they had declined
ajjr, but nnlsnea irregular.
fair.
TYusav
LiDtsmber
Dscsmber 107
' Corn (new llvrrh-; ,, ,, . .,
m m m m m
11000 Adame Express 4s... . 84V
0000 Amer Ait ev 0s osh
1B37500 Anclo-French 8s D5?i
0000 Amer Tel clt U Oltt
23O0O do conY lOlM
8000 docvL4H 108
8000 Armour Co 4V4s...... 04
00OO Atchison can 4s S3
7000 do adj 4... 85
4000 do cv 4s 1000 108!i
1000 do cv fis 1017., ....101(4
27000 Atlan Co Una iK'.'. 01$
6000 da 1st 4s 02 U
8000 Bait A Ohio 8?4a.... Viti
SttOQO do OS ....X.IOOK
U00O do 4., IIIII! Olii
B80OO do cv 4H ... ...... 00
100O 1140 P I. 2 A W V 4s 87
0000 Beth Stsel rfd 8s.... lot
'i, xirooK nap -- off 1U10..1UUJS .
IgOOO Can CJovt 4o 1031 100H
49000 do 4s 1020 lOOK
18000 do 4a 1081 lolfl
SOOO Cat Gas A Klec So..., esti
2000 Cent Oa cons Ss .101
11000 Car Clin A Ohio BHs. 03 Vi
7000 Cent Leather 1st 8a..l02W
8000 Cent Pao 1st 4s soC
4UUO Cent It II M T Hi 1 1 Til
80000 Chill Copper 7s,..
Oh cv 4V4s
106
ioo(i
100
1UIJ
.1000 Chea A
wuy do ria ds
.IS ,
. 8H
oooo do os ;;.;
SOOO Chi (It Wamt 4.
aooo c u & Q joint 4o..
C000 do sen 4s .
1000 do Iowa Ss
11000 do Nab 4s ......
17000 C Jli Btl' dlv 4s.
8S500 do cv 4Ha .,":
OOOO C It I A 1 r-ol 31
Z8000 do ref 4s ..:. 73i73
80000 Col A So 4Ma .....: b4-84K
2800 Con das conv 0s... .122(4 I22S
2000 Del A Hud conv 4s. 107 10? (J
2000 I)n & Itli n- A. 'lit? S1Z?
iasii, j. mj. -
A.vvv uu ,m U
63
Ill
SOOO Bu Pont Powdsr 4
1 ronv is e
i conv Bar
A. Han &
ax:
OOO Krlo conv 4s oer A.
100O Oul
SOOO Krie conv Bar
b
103 ,
120OO Clan Eln rt.h Km
12000 llud A Man In 6s..... SO
0000 111 Steal dab 4Hs.." 0V
1O000 Indiana Steel Cs..... 102
8000 Interb Met 4Hs.....! 74'
21000 interb R T ret Ss...! 08
2 0000 Int Mer Mar ct 4Ma,.103
1000 Japan new 0 a 4iis.. 82V
S929 'P'nese new 4Hs,... 84V
6000 Kana A Mich 2d 4s.. 117 !i
1000 Klncs Co El 4a....... toy
1000O Kan City a U 4Wa., 681
B00O taeka Btl 6s lOSO; ' B2
6000 take Sh dab 4a li.. 841
HSSS Lah.,y,".n.11 con a,101
2000 Lorillard 6s ..123V
7000 Lou A Naahran 6s..., 112
1000 Louis is Nasti 4s 04$
3000 Max Pet Ca Bm r A 101
1000 Mich Bcato Tel Da...,100(i
uu Minn ti 14 as...... OUN
2000 Minn Bt P 8 8 M 4a. 92V
8000 Mo Kan A T 4Vis.,.. 42H
EMo Kan AT 4s...;:: T4g
Mo Kan A Tax rat li OjS
Mont Power 8a.....' OS
iinsiw Mirn ijibi. i:inui. rinu. iuuu - i m.j sk iiuu can n.u
VTir Xt.1t Tel ,,el! s..ii I IftUU) X "V
i.ujaj i.ujn a.uca i.jt-rm i.u-jsl wvw is
' I 04 I0S i 0.tJ65"tI6J
l.OSVi 1.01H1.07 1.0741
WL 1.1
vmy .......
Eaptsmbar ..
.urcaoiDcr . ,
pata
eaptsmber '..
Zocember ..
j-are-
SOS
IP
izM
12M
aa 89U sou
138 '118 lIS
July ..,.,..12.80 12.8 12.78 12.78 '12.77
iaplember :i3.3 12-87 12.00 la.Sd U2.S0
- iamVa'r":il:ca ll'.il llloO u":iS flLEI
Ju?. ,.22.40 22.85 22.75 23.75 22.70
aWpumttr ,S3.1S 22-88 22.14 22.17 til 10
BI4, fAakad.
NEW YORICOFFEB MARKET
HEW TOBK; June 16. -The, coffee msr
Wt was steadier at the opening this morn
tag end on commission house support first
urlcej showed advances of 4 to T points.
Seiajtit After the call trading was quiet with
Stat sales amounting to 4ZSQ bass.
Alter th opeolns; trade was quiet with
a Hale overlnr. and outside buying in evt
eeeer prompted probably by the largo der
sjwase in the Santoa stock, which, showed
that about 100,000 bags had been shipped
Mt la all. probably the coffee going; to
HlMwpov Tli'e local fsarket for spot coffee
HMSoangea wua ouamess very poor.
Uq. T w quoted at 9 He., but quoU-
i wsr mere or itsj nonuotu.
Today's YeaterdKr's
ognlnil,. close.
t' . ,......,., km 8.03sU3
rh o- ra.ia
9.H1S.29 - K.16I 18.18
B.ZII IB.2
.jt
-0"?
c& --
! kf . K "
,ti.nii. lm
Lida.a8
ve.ta
1SOOO N
13000 N Y
1300O NYC
4000 KT(!i
2000 N Y City
ouuu ri x i
ludSa,,., nu
o.7i.a.,,., pj
Q ,..
C A Ilu
C A 1
C Jl lfu
u a iiua 4Hs,., oa
City aV. a Nov '41 fll
City 4t4a 1080. -IM 10-
SOOO K Y City, 4i lBs::i6IJ I67i
SOOO N Y O 4Ua Nov 'ST.ioitt 107V
2300 N Y N 11 A It ev 8Us SOU 60V
10000 N YI H A It 4s 1033 70 li 79$
eOOO N YSua A Wast la.. 78 7S
12000 N Y Tel aen 4Vks,... SU ogtj
2000 Kor A vriA cvt 4H:i34S 134
SOOO Nort A West 4s,,,.: o 08
700O Kor Pao prior it ,. 02U 92V
1000 North Poco 4a ,..., 634 8i
SOOO Or Short L nHi.' 2H :C
1000 Ore Bhort L 1st 6a ..lOSVi 10SV
1000 Ore J'wy A N con 4s 02U 02V
18000 Pao Power Ba .,,,,. S3 03
SOOO Paclflo Tel 6s ...... 100V1 1&0V
4(000 Pa can ct 4VJs ,,,.101V, loif
3000 do en 4Vis ..,:.,, 105U 103V
2000 do 4Hs 1031 ...,,.101 loll
2000 Pao A lEsst In 4a .. 3ii 83
25000 Pub Barv N J 8a ... 03 03
21000 lUadlnar sea 4a .... OS 03
74000 Hwy ill Bpca Sa 'it. 07 07
1000 Bt L I It A bo can 8a.l0IK 101V
8000 St L A B K (SO Ss..l02 102
seouu at inw I , oiy
mi
do rfd two sta 4s.
co sea ct at -u
do Bar U w
A W
2000
42000
120000
20000
B1S0O do Bar A w 1 71V
1000 Bt P M A M 1st 4.. MV
leooo Baaboanl A L ad 6
1000 BoutlT ItelPBa TT....1
7000 Boutb Pao cv 4a
7000 do cv yet t p Be !
oooo do rfd 4s ...,.:.,.
B3000 South Hwy nn 4a
4000 do con iT 1
2000 Bparta 4 , I
2000 Third Avo nt ia..... I
000 do adj 5a '
10000 Teato S : . . . '
1000 Trl-Clt Sa 11
eoeo v a Bm.lt aro..
000 U H Ilubber s. .
M30 11 d BtMl B V 5a . .
Ma Union Pae 1st 4 . .
250d do cv 4a . .
1080 Ai rfd 4a ... ...
SOOMf Va ltwya 8 T U. . .
eooo v, cjir Chm. j. . .
JOO Vabsin ufii" '.".'.
SOOO do 2d fis
3000 Wtat BAan rear 4a.
100 Wtat UeWa 4 Vis .
lm WhWOA Cct m it.
7!t
J9SH
New York Stock Sales
Last close. Illch. Low. Close.
Atuk Gold Minos 22H 23H 23 22
AllU-Chalmerj Mfj 20H 20H 20H 20K
Am Ag Chemical........ 09W 00H 00J, CO,
AmltastBufat.. 031 03) 01H 01J4
Am urare a f, loz 1U2 u
Am Can WU 6SH 53
AmCarAFdr GO fll CO
Am Cotton OU ..., C0) 67W 67
Am ErprcM.,,., 125U 120 120
102
58
COH
67
120
10
20M
22
72
VIGOjROUS DEMAND
FOR CURB STOCKS
Trading Is Moro Important Than
on 'Change Many Issues Sell
Up Some High Records
Sales in Philadelphia
100 Aills Chat,
it
Am Hide ft Leather.,... 10H 10H 10H
Am Ico Securities...., . 30) ( 30J 29)i
Am Llnjcod mm 22 22 22
Am Locomotlre... ...... 7.1 73 7214
Am LocomotlTopf ...... 103U 102H 102), 102H
Am Smelt A HeX. ....... 97X 08 D7X 97),
Am Smelt & 11 pf 113H 113!i 113) 113
Am Smelt pf D 80H 80H 80H 80)4
Am Steel Koandtles ,01)4 61), 61W 61H
Am Snttt IUillaloc U2U H2K 112H 112H
Am Tel & Tel 130M I30)i 130H 130),
Am Tobacco. 205 205 205 .205
Am Tob pf new 108 100H 100H 100
Am Woolen 47Jf 47)f 40H 40H
Am Woolen pf 98)i B8H 08), 98M
AmWrlUnePpf 23)f 25M 25H 25K
AmZlnoL&Sm 85H 85)i 84H MH
Anaconda Cop M 85M 80), 8SH 85H
Atch Top & BF 100)f 100), 100 100H
AtchT&SPpf 101 101 100H 101
Atl Coast Lino 117 117 110 110
Dald Loco Wks 89)f 005f m BOH
Dald Loco Wks pf 110 105M 105H 105M
Silt & Ohio 01) OIK 01H 01H
Halt & Ohio pf.' 70!f 70Ji 70H 70H
llethlehem Sloel 444 442 440 442
Ilroolclrn Ilap Tr 87J 87 87 87
mown Shoopf m.,101 100M 100H 100M
Ilutto A Superior 04) OIH V2H 02H
Cal Potrolcum pf ,.48 48 47) 41ii
Canadian Taclflo 170H 177K 177K 177U
Central Leather rH C5)i 65U 65)
Central Leather pf 112 112 112 112
Chandler Motor 114 113H U2H 113H
Ches ft Ohio 06H 05H Wi 04H
Chllo Copper 21)( 22f 21) 21H
Chlno Copper mi 55)1 64)4 64H
Chi Great West pf 37H 37H 37)S 37
Chi Mil & St Paul 101 100K 100 100
Chi M & St P pf 130H 130Jf 1305 130)f
.80 80 80 80
..80 80W 80H 80H
.130 130H 130H 130H
. 20), 20) 20M 20H
. 76M 74)1 14K 74ii
.109 103 103 108
. 41H 44H 44H 44H
.35 35 35 35
. 68H 69H 50M 50M
. 40H 40 40 40
100 100 100 101
COO&StLnf....
C 0 & Sprtncflcld...
Chi & Northwestern.
Chi II I A I'ac
Cluett, Pea at Co....
Cluctt Pea & Co pf .
Col Fuel ft Iron
Col & Southern
Col ft South lstpf..
Comp T Itcc Co....
Continental Can .....
Consolidated Gas....
Corn Products lief..
Cora Prod Hcf pf
NEW YORK, June IB. Transactions on
the Broad Street Curb today were far more
Important, bath in character of the trading
and prlco movements, than on the Stock
Exchange. Many etocka were In vigorous
demand and made, substantial gains, with
some Issues selling at new high records.
One of the most Important features -was tho
Initial trading In Stutz Motor Corporation,
new stock on tho Curb, which was traded In
at G6 to 65. '
Atlantic, Quit and West Indies contin
ued In vigorous demand, ndvancmg 8 points
to 67 V4 and tho preferred roBo over 4 points
to 69, Chevrolet ranged from 257 to
260, and United Motors, af(ar selling at SO,
dropped to 70 H.
United Verde. Extension, which has been
moving upward steadily for s6me time,
made a further advance today, setting above
36, against 83 at tho close yesterday. Cuba
Cnno Sugar, otter advancing from 00 to
63, reacted to 00, with selling attributed to
dissatisfaction over tho announcement that
tho company Intends to use net earnings
for tho purpose of acquiring additional
plants.
There was a good deal of talk about a
Corey pool being actlvo In Mldvale Steel.
Strength was shown In that stock for a time,
which advanced to 68 H. but this gain was
not maintained, The oil stocks wero qulot
and without Important change.
INDUSTniALS.
Am Ice,,...,,.
Held Loo pf..,,
Cblll Cop. .. i
)IIh.,
MM X
RtM RtAP.
100 Krlo , ,,,,, 88'
80 Oen Asp....... 84
l! -"".ft?1 t'.M I
10 Great Nor Ore, 88
87 ins wo M Am,, 21
nenno uop
0
?00
11208 Lai
500 Key Tele Co ,, J4K
O IjAKfl UUU
Si Leh Nav
Bup Corp
M M
rp. 12
40 T.h Val i .... . S2
208 MlnohliT .to... OS
BO North Central,. 88
atl Penna. 11R... nft'
181 I'd steel pref..
a
121
rmtn Co ...... 40H
Oo cum pret. 41,.
Phil Kleetrlo.. 211 U.
00
DO
Crucible Steel 85 87
Crucible Steel pf UBU 119
DcoroftCopf B2U 02H
Denver ft Rio Or 10 15
Den ft Rio Or pf 32) 33
Detroit Edison 137) 133
Domo Minos 27f 27
Hrle 38)1 38f
Krlo lstpf MH HiU
Fed Mln ft Sm pf 37 40
Gen Chemical 310 310
.139 138M 138H 13SK
20H 20f 10H 10H
00
85
110
02H
15
32
138
27
38M
5-W
39H
310
00
85M
119
2H
15
33
133
27
33H
64Jf
40
310
General Motors pf. 114 U4H 113H 113H
Goodrich BF 77)f 77K 77H 77M
Granby Consol 00J( VOii 00H DOM
urecno-uananca 4u 4S4 47JI 47 H
Great Northern pf 121X 121X 121M 121
Gulf Statos Steel 88H 88U 87)i 87H
uuu states a za pr. 89 90 SOU
Illinois Cent 107X 107H 107
Int Acrlcultural pf 51) 51!X 51X
int con cor rum.... ibu
Int Paper 12H
Int paper pf 65)f
Insp Con Cop COH
Int Nickel v t cf s 47
Int M M cofdep 20
18,'f
12
65M
60Jf
48)f
20
00)f
80M
20)1
01
01M
117
B3H
127W 12'
100H 100
7IM 715
18)
12
65H
50
475f
25K
95H
ban
20H
01
93K
117
62H
90
107
51J
18)f
12
65H
CO
47H
25K
MU
SOh
20)5
01
04M
117
62H
127W
100H
71
18
42
82!i
51H
120
Int M M pf oof dp CO
Jewel Tea SO
Kan City Southern 27
Kan City South pf 01
KayscrJftCo 03
KayserJ lstpf 117
Kcnnecott Copper 63
KlnesCoEL&P 127
Laclede Gas. 100
Lack Steel Co 7W
Lake Erto ft West 18H 18H 18)
Lalco Erlo ft W pf 41H 42 42
Lehlch Valley 82H S3Jf t2Jf
Loe Rubber Tiro 61H 61)f olii
LlSRCtt ft Myers pf....l20H 120 120
Louts ft Nash 13-1 135 134H 134)(
oiacitay cos pi o oa 08 03
Maxwell Motors 87K SOJf Mli 87)f
Max Motors 1st pf 89H 8Uf 89M 80)f
Max Motors 2d pf 60) COH GO 00J(
aiay uepi oiores oo oa oa 05
Mexican Petroloum 103H 105)f 104Jf 105)f
Mo Kan ft Texas 4H W 4H 4H
MoKan&Tpf 12 12H 12JJ 12H
Miami Copper 3Sii 36X 30H 30H
Minn St P ft S S M ....120)4 120 127)f 127Jf
M St PftS SM pf ....135 130 135 130
Missouri Tactile OH ' OH OH OH
MoPactrcfs CM OH OH OH
Montana Power 87M 87H 85 85
Nat Biscuit Pf 125 125 125 125
Nat Cloak & Suit pf... .108 109)f 109 109H
. 24)f 24 24 24
. CSH 08K C8H 08H
.113H 114 114 114
18H 18)1 18( mi
140 139H 139 139
. 63K 03U fai (ll
New York Central 107)1 107H 100H 100)1
N I uu & Dl li 44H 4iil 44 44
Norfolk & Southern 27 27 27 27
Norfolk ft Western 134 134 133 133
Northern Pacific 115H 115H 114H 116
Ontario Stiver Mln 7 7)1 7)1 7)1
Pao Tel ft Tel 37H 40)1 38 30)1
Fenn Railroad 68)1 68)1 68H 68H
Peoria ft Eastern 13H 13H 13H 13H
People's Gas Chi 102H 102 103 102
Pressed S Car Co 48H 40)1 48H 40)1
Pressed S 0 Co pf 100)1 100H 100H 100H
Pullman Co 104H 104 104 104
Ry Steel Sp Co 40)1 40H 45J1 45)1
Ray Con Cop 23H 23H 23)1 23)1
Reading 105)1 105H 104H 104)1
Acme Tea
Aetna Biploslvee
AJax Itubber Tiro
Amer c&n-Urltlah Mfr
American Jlarconl
Atlantle Cult 4 W t .
do pref
Canadian Car. Co
Can Car & Fdy pref
Chevrolet Motors
Cuba Cane Humr
Curtles Aeroplane
UNMs-aeaDonra v
Kmerson l'honoirraph ,..t
Flemish-Lynn ,...
HasKell & Uarker Car
Hendee Mfa
International Iter War
do prot
Kathodlon Ilronie pfef
.nvtn. XVnnltlnnn .............
Manhattan Trans Ju
Mldvale Steel OVU
Otla Elevator : 00,
Peerless Motors .S"1
Porlman Itlm ,
Toole UnKlncerlng lis,,
S S Krrairo vr 1 l"f?
Standard Motors j
Hubmorlno nit
Trlanslo Film -n
United Motors Jy
United l'ront BharlnB IB-JO
U B I, A II com 8W
do prof S'
White Oaks .J,,
White Motors Bojf
World Film 1
BTANDARD OIL BTOCKS.
Illinois 18
Ohio 5,"
Prairie Pipe ,. "-
H O of California 2g
S O of New Jersey S''
S O of Now York 208
OTHER OIL BTOCKS.
Cosden & Co 25
Chalmers OU f
International Petrol 0
Houston Oil 10
Midwest Itennlnr ,
tiapulpa Ilonnlnz 1-U
SIINTNa STOCKS.
I1M. Asked.
Si s
JS ,
M oS"
r? vs
78 S7
.202 26(1.,
I) -J 14 02H
42 62
sa n.iH
2A 28
2.1 27
00 100
24Vi 21
rtU 7
1U
!4
tBI) II H
f.ll IVttr Ir
100 Wm Cramp . . 8:
110 Torlc riwy .... II
ia.
BONDS.
EX
Torlc
UlTll
dend
Net
Low. Clote. eh.
27 2T.. ?
K SOW 80 -r-
4 Sin T a
H 22.. 22J4 JJ
fi 63V4 QSH Jj
ill? SiW """!
.88g i'4 W
H 20H 21 "'J.'
ia rniia nap xran m iv.. '. z
2205 do tr clfs.... InH .18H ,'" t.
800 Heading ,10Si 104 108 .. J.'IS
80i Ton Del ,,..., 4Vk 4o-l4o.tO--Jii
ISO Ton Mln ...M nji .8H .JH )
aha tin Trao ...m V.t U U Y H
Bleel .... 80V4 B0. OUT?
t, mi: o 9i vt ..
85 co
5 WK W
Net
chs-e,
W
mevtsem EUROPEAN SMBL ORDERS
TO FOLLOW THE PLACING OF LOi
Opinion General That Belligerents Will Be Forced to Bu
iiaw rroaucts in uaig v uiuiu j,aKe superior
Again Active and Strong
. l I. Il kflttl 0r1 rinii,!. tV.it. 4 . a.
HV esprcMloM n near., .n - --- ".- -"."V . Ml v8 t ttaT,Blka
12. hn.T S"." ?'h of ih.r5
with he "S W7" . 1 ft .bni2
Pjr cent Ineomi bonds weV0 '"J1 , 3
39. Both the stocks and I LJS. M
I Illah. Low. Close.
8 B8
M
losH
102H
103i
100H
70
no;
n.'i
113
100
1(12
87
102
102.S
103
100
i n
JQ3H m.,.
ltOAA Am (i Jk El Its
zuuu Ki t ieo 'it as rj
2000 Key Tel 1st Da OS
ldOOO Lk Bud lno.Bs. 80.,
10000 Lett N cs 4Hs.l02Jt
2000 Lh V 1st (x 4a. 102k
8000 do Coal BS...103H
looo do r rt 4Hs.lon
110 Nat Irop 4-0s., 70.,
8000 PAN T Cnl Bs.lloH
2000 Fhlla Kleo 4s., 84.,
8000 Ilaadlnc fren 4s. 0.1 i
1000 do Term 6s.. 113
1000 fltand CI A 15 (Is. 100
2000 Span-Am I Cs..l02 102., Wa ",
8200 Welabaeh Sa,... HH 084 084
1000 WNrtP 1st BS.103H 10354 lOJ'.i M
i lh 'iV
l! .. ...
fii
drK
113
1UII
102
jli
H
Local Bid and Asked
02
27
140
120
11
8
3D
8 .
7HV4
ss
u
1ST
233
224
231!
r.8.1
210
25M
8
10K
IR
07
12V4
Baldwin ...
do prof
Hurt b Sua
do pret ...
lirlli JO..
Cam Hteel ..
Hlea Btor
Oen Asp . ,
do pref .
Keystone Tel
do t o ...
oo pid
uu
... 0011
8.1
03
84
71J4
14
H
jp Corp.
Atlantn ., ,.. 11
Ilutte Conoer & Zlno
llutte A N Y
Cerro de Pasco ,
First National
Doldtleld Mercer
Kecla Mining-
Howe Bound
Jim Butler
Jumbo Extension ....
Keneflck Zinc
McKlnley Darrah ....
Mnema Cooper
Mines Co of America
NlnlRufnip ...........
an rroy io
Bt Joseph Lead la
BONDS.
Cerro Os 118
'"
H
, 87
, 4
. 0
: h
on
80
13
18
t
v.errv ua ,.....,.........."
Chesapeake & Ohio Bs 03
Mldvale Bs
DO
S
lit
88
S
10
08
88
14
110
10
"5..
83H
07
t.nke
Ihlg-h Nav
i,enin vol . . . e.
Lehlsh Vol Tr ...
do ptd
Penna , . ,
1'hlla Hleo
l'hlla Co
doOpepr.....
do 0 p o pr
Phlla IlTtc
Heading .
Tonopati Bolmont
Tonnnnh Mlnlnc...
union 'iraciion i
U Onn Im...p 8.,
U H Btoel 8'1'i
York Itwy 10,,
do prer .itt
Wm Cramp to..
Ex dividend.
Today Yesterday
tim Aaked. Hid. Asked.
11)7(4 .. 107H
B3 B3 B4V4 BB
? ?? 83 8n?
(15 I3 . "Btt
84H 3lW 83.,
7 7lg 71
ib iJ? !5
IB 14 J5
nn I1H 00
inM 10K
y, i ? u7
Jl 82 Vt H2
8 43 432
I! B8 K SSai
28 'a 20
40!4 41
88 80
41 )i 41H
(4 10(4 10SW
4V4 4 t)-lU
OH OH
811 54 Mi , 811 Vt
Wttf 8IIU HllfS
llljj lllji 1(1
37. 37M 37
83 84 63
... a - i- ... nr4 nrrterfl. The
opinion la beeomlnt; quite general In" "J8
plnclnur of further loans or credits In trjis
country for tho account of various European
nations will bo followed by purchasing vari
ous products on a comparatively large
scale. ,
There are many who hold to the belief
that while the belligerents will not buy war
materials In ns large quantities as In the
past, because of the Incrcaso In manu
facture of their own countries, they will
bo forced to come here for tho raw products.
Steol Is prominently mentioned.
It Is significant that many copper In
'terests nro of the same opinion, and be
llovo that buying of copper for the account
of the Allies Is not by any means finished.
That steel also wilt be needed In largo
amounts Is tho general belief. It is pointed
out that while tho manufacture of muni
tions In foreign countries at war has been
Increasing there have been no additional
sources to supply raw materials, and this
country will bo called upon for additional
quantities from time to time.
All Interest In tho local financial district
today was centered In Lake Superior Btock
I 114 'UJt
71) I"
, 82 ; 83
22 22
43 . 43
. r.iiU nn
20 4 sul;
40$ 41
nn no
41 . 41W
10)4 111
ins 103
44 "4 7-10
ll'i "
84
Nat Enam & 3 Co .
Nat Lead Co
Nat Lead Co pf
Key Con Cop
New York Air Drake..
NYKUctU.
IteadlPt; 2d pf .
Republic Iron 4 8 ...
St L Southwest pf....
Sears Roe & Co
Shat Ariz Cop
South Porto It Bus...
Southern Pacific
Bon them Ry
Southern Ry pf
Standard limine pf 02H 02
Studebaker Co M1H 142
. 47M 47 47 47
. 48 47M 47K 47K
. 40 46 45 45
185H 185!f 184W 184f
. 33H 33H 32f 32J
23!) 240 240 240
. DOJf OOH 09M D9K
. 23i 23ii 23U 23)f
uai UUH (ju oujr
02 03
141 141H
Tenn Copper 47 47U 45 4.1
Texas Co,.., 105 104M 104 104H
TeiasPacino 12f 12 12i( 12J
-luuuATcauo ,...lu 00 uo 00
Union PacUc 138U 138J1 138)( 1381,
U S Ind Alcohol ISO), 150H 160 ISO
U80IPKpf 83J4 64H 53J 64H
United Froit .....105 104M 163 104
United Rys Inr Co OU 0 0 0
UnRjalnrCopf I8jf 18 18)f 18J
US Rubber 55 65H 55H BSii
U B Rubber lit pf lOOJf 100H 109 lOOJi
U 0 Steel Corp'n ,. S6H SOU 86 Krt).
U S Steel Corp'n pf 117Jf H8 118 118
United O Mfrs pf 110H 100 100 100
0 H Sm R 4 M 78M 78 77 77
Utah Copper 63J 84 83H B3H
Utah Securities 10) 10U 1BH 1834
Ya-CaroChera 43 44H 43 44H
Wbash..... 14 14), 14 14
Wabash pf A 60M 60H 60 501
Wabash pf D 28)i 28H 28H 28)1
West Union Tel ,.,. 04W 045 04Jf 04M
WetE&M 61 62Jf fll 61(
W altera Marrland..,.,. 32 32 31H 311
Vheel 4 L E 1st pf..... is 16 18 ia
WUljs Oreriand, 288J 202 288)f 201
Wllljs Oreriand pf 108H lOOW 109 100
Woolworth IC W ,,137;f 137 137H 137(
aQuotad as dividend
t
ELKINS, MORRIS & CO.
BANKERS
Land Tltro Building
PhlUdelphU
High Grade
Pennsylvania Tax Free
Railroad Bonds
Equipments
and
Public Utility Bonds
WEHUEK8
NEW TOBK AND P1IILADELT1IIA
BTOCK EXCUANQKa
COTTON PRICES SOAR HIGH
DDE TO WEATHER CONDITIONS
Traders Ignpro Weakness at Liverpool
During Early Dealings
NCW TORIC, Juno 15. Another stead)
openlns In the face of sharp declines In
Liverpool was shown on tho Cotton Ex
change this morning. Prices wero 2 to 4
points lower. Weather conditions in tho
South were considered less favorable for
the crop, and the Liverpool weakness was
virtually Ignored because It was believed
to be a readjustment to tho lower freight
rates.
New Orleans houses were the principal
buyers here and Wall street Interests also
purchased. Room operators and local spot
houses were the leading sellers. Business
was small In comparison with recent days,
and after the call the market held at about
the opening levels.
The market showed Increasing firmness
during the mlddlo of the morning. Owing to
the continued rains, weather conditions
wero considered less favorable and people
who had sold recently In the belief that
the plant was making rapid progress, ap
peared to be covering on the advance which
carried prices some a to 9 points not higher.
The market showed continued steadiness
during the middle of tho day on the less
favorable view of weather conditions and
the talk of larger exports. Active months
sold 9 to 10 points above last night's clos
ing figures and some 15 to 20 points above
the low level of yesterday.
Tea. cloae. Open. 11 a.m.
.i..'d 10.2a
12.0a
12.83
13.00
18.08
12.72
FOREIGN EXCHANGE
NEW YORK, Juno 15. Tho market for
foreign exchange In tho flrst hour of busi
ness today failed to dlscloso any anima
tion. Tho only features were the firmer
tendency In relchsmarks and a shading In
Italian and Dutch exchange Sterling was
quiet. Quotations: Demand sterling,
4.75 11-6; cables, 4.70 7-16 ; frano cables,
5,91 H: checks. 5.917s ; relchsmarks, 76 U
and 76. These figures show a rally of
about o from the low level of Wednes
day. Other quotations wero lire cables,
6.40ft : checks, 6.41U ; Swiss cables, 5.24V !
checks, 5.25: pesetas, 10.10 and 10.15; Vi
enna, 13.05 nnd 13,10; Stockholm, 29.87 nnd I
29.95; guilder cables, 4111-16; checks,
4113-16; rubles, 30.68 and 30.62. The
rates on Italian exchange above quoted
show a decllno of about 2 Ho since the
close of last week.
Quotations In the early afternoon were:
Demand sterling, 4.75 11-16; cables,
4.76 7-16; franc cables, 5.91 U ; checks,
5.91T4, relchsmarks, 76ViS76; lire
cables. 6.41; checks, 6.41V&; Sjwiss cables,
5.24U; checks, 5.25; Stockholm, 29.88
29.95; Vienna, 13.0513.10; guilder cables,
4111-16; checks, 4113-16; pesetas. 20.10
20.15; rubles, 30.5830.62. The last men
tloned havo not as yet reflected tho half,
million loan arranged.
LIVE STOCK QUOTATIONS
CHICAGO. June 10. HOC1S Receipts, 23,000.
Market Ktronit to ahade lower, Mlied and butch
era", H).30(3l.00l irod heavy, tn.OAQ 0.001 rough
heavy, 10.30(10.001 ifaht, SD,0S0.80 pits,
SS.lodtOi bulk. 18. 03458. 85.
CATTLE Itecelpta, 45.000. Markets etendy.
Ileevea, J8.234H1.40I cowa nnd helfera, H.2SO
0.401 atockera nnd feedera, 10.8308.00! Texana,
7.nnt).25l calves. IU.1511.73.
SHEEP necelptn. 11000. Market ateadr. N.
tire and Weatern, I5O7.00; Inmba, J8.loSll.40.
BANK CLEARINGS
corre-
Bank clearlnre today compared
pondlnc day laat two yeara:
mm ml.
X. Tork.404,40il..lb(l 1807,208.170 J350.14o!480
ia. 41.U1Z.OUU VU.8UU,HSU 2O.UQ0.024
Fhlladelph!
iionion
llaltlmore
Cnlcaro
3o:o7J:467
04,435,087
'iifloOoo
51.000,008
with
1014.
0B0.024
iio&ljio
870
62,801,
from tha beat of tho day" The' i8
nctuM news to account for th? nV
but there were" reports that the "i1
earnings nro showing up well 2 PC0I'M''
with laBt year nmi w .!" a totti
are very busy. Itesumptlon of natLpl4.Bt
Interest on tho-Income bonds "JKg
was talked of. Some of lh.L0ct?
was som was for foreign account W3
stock has been lying In strong . i, l a
hntfWi .m I Jr.. '" ."trong bo. 11,.
unloii iriy'underXrtWCW
a considerable amount of stock o'.
Mostly prlco movements were on ,. ...
of advances throughout the ll?t !M'.
hill and Schnvikin ir. . V1; Mint.
new top mark for thn v.n, -5 ?"r"
"?' VP ??'cotr Storage Bill SUf-
. . .' nH a . l n"aaelphlB IUpid -iwiT-sit
trust cert flcales. itt,i PJ?.T"
United Qas Improvement nnd PhliaSP
F.,cflli,a ,Ex?eptlons to the nile wer.
high Navigation and York tonJ&
mon, although the losses In ffi i.
wero not great M lM"
KATES FOR MONEY
Cal
J
New Tork
Phlladelohla
uoaion ... a
Chtcnro SV,
all.
lit
Time.
S 04
8HS4
4 (bitt
BAR SILVER
In Ixindon bar stiver sold today at 80 l10d..
oft 8-lOd.
Commercial bar silver in Now Tork was quoted
today nt 02T4c. a decllno ot lie.
B.A
'- o
-Ay.
Phlla. Co. Reported Buyer of Coal Co.
PITTSBURGH, Juno 16. The Allegheny
Coal Company has sold Its mines, plant
and equipment for $2,000,000. The buyer
Is said to bo the Philadelphia Company.
NEW YORK. June 15. At tho ofllce. of
Ladenburg, Thalmann & Co., It was stated
that tho Pittsburgh dispatch reporting the
purchase of tho Allegheny Coal Property
by the Philadelphia Company for $2,000,
000 was premature.
It wa3 admitted, however, that negotia
tions were under way for the purchase of
the property and that consummation of tho
deal is expected In tho near future.
March .
July ...
October
December
January
Ausuat
Hoot ....
.12.72
...,12.88
,...la.u3
Il 18.10
....12.711
....12.80
12.70
12.8U
18.03
13.10
12m. 2 pm.
10. H2
12.70
12.01
13.00
13.15
12.7H
12.04
13.10
13.18
Liverpool Cotton
LIVERPOOL, June 16. Spot cotton today
was quiet, with a decline of 6 points on the
basis of 8.26d for mid-upland. The sales
were 5000 bales. Including 4000 bales Amer
ican. The Imports were 14,000 bales, all
American, The market for futures closed
quiet but steady at a net decline of SH
points to an advance of 214 points.
Srl(
74
NEW YORK BUTTER AND EGGS
1W TORK. uno IB. DUTTJSR Outat and
1 auatained with ditflculty. Kecelpte, 20.
lukAffaa. Quotations uochanzad frnm v.b
EGOS HUth rradea steadier, with medium
and lowar sradaa unimproved. Receipts, 23,037
caaas. Kxtraa, 24 Vi 020c.: extra flrats. 2ai O
24ci ttrata. fj2&i wBle. 28027c; brown.
2oct mixed color, 23 O 23c.
Condition of United States Treasury
WASHINGTON, June 16. The condition
of the United States treasury according to
a statement issued today was as follows:
Net balance In general fund $137,836,990;
total receipts, $35,125,411; total disburse
ments, $28,662,368 ; deficit for the year, $20,
304,790, exclusive of the Panama canal and
publla debt transactions.
May Absorb Lobitos Oil Shares
LONDON, June 15. It was reported, here
today that tho International Petroleum
Company intended to make an offer to
purchase the shares of the Lobitos Oil
Fields, Ltd., at $10 each. Lobitos Issues
were particularly strong on the Stock Ex
change today,
PUBLIC SERVICE
SECURITIES'
Public Service Securities arc a lien
on tho success of communities.
Luzerne County Gas & Electric
Co. 1st Mtge. Ref. 6? Improvement
5 Gold Bond's.
C Are an absolute 1st Mortage,
excepting $23,000, to retire which an
equal amount of this issue is reserved.
C, The Company is making rapid strides
in the very fertile territory surrounding
Wilkes-Barre, serving a population 0?
143.000. ' .
C, The American Gas Co. acquired
the property in 1908, since which they
have expended $1,116560,09 on it.
CL Free Penna. State and Normal
Federal Income Tax and nets at present
prices about 5.25
Bate: Ayliig 6. "fouixg
Land Title Bldg. Philadelphia!
Stronger
Investments
The wonderful prosperity of tha
United States lias bo increased
the earning capacity and the
assets of many of the companies ,
whose securities we recommend
for investment that, while these
securities can still be purchased
to yield a most attractive'return
they are intrinsically stronger
today than they ever have been
before,
For example, wo Invito requeata
for Circular No. k-177. which
describes a atrone flrat raorttai,
bona yleldlne over nve par ail.
tax free In Tenna.
' A. B. Leach & Co.
Investment Securities
115 South Fourth Street
Philadelphia ,
New Tork
Uoston
Chicago
London. Vns.
Puff'
Jlaltlmora
McINTYRE ,'
CONSOLIDATION
Mclntyro. Mclntyre Extension and JurlUril
nra tr, Kr rnmn trio tA hiK .-m .--""il0 '1
r;: KT..ir--v-. -.-.';" rvi.'Pf -
duclnK told itinea of North America,
ROBERT E. KEMERER
Member Standard Stock Exchanre.
Toronto.
000 DIlKtEL bldo., rnnvA.
Lombard 3033 Main 8163
23, JRroad Street. New Tork.
108 Ilav Street. Toronto.
DIRECT I'lllVATE WIItES TO NEW
1011K AND TOUONTO;
INVEST IN MORTGAGES
AT 5.4
Recommended by
BEN T. WELCH
1328 Chestnut St.
1
Barnett Oil & Gas Company
Authorized Capital Stock, $2,800,000. Authorised Ia.ue, $1,000,000,
Fuir Paid and Non-Aiaeuablo.
OFFICERS
J'J8, CUM", Frealdent New Martlnavllle. XV. Vat,
Formerly General Manaaer. Weatern Dlvlalon. I'ur. oil a
r. u.axjsriiKNH. Vlcc-1'rei dent UliMllnr. w. Vn
Pres.
Comcanjr.
riMnI .ySWJft'i Vth V" Standard Oil Company.
CIL.VItI.ES MADDEN. Secretary and Treaaarer Wlieellnr. W. To,
ju,,.vM u,, uu company.
DIRECTORS
w. irxuus ueaix,
Com'I lJank. Wellaburg, W. V. ,
SIOAIIT IV. WALK15B, I
iuHriinaDurir. w. va.
U. S. Dlatrlct Attorney.
D. O. niNOOOLI), Hhepherdatown. TV. V.
Vice-Pres. Weat Va. Man. Aaao.
W. E. OVLl',
Frea. Harnett oil & On Co.
CIIAUI.IW MADDKN.
Seo'r ft Treaa. Uarnett OU & Oas Co.
ABTnmt TT. THOMPSON, Haltlmora.
Vlce-Prea. H. A O. II. B.
ItANDOLI'lI STALNAIUUt.
Wheellns. W. Va.
Iw Department. H. & O. It. II.
W. IIOWAKD HAMILTON. Baltimore.
Attorney at !aw,
li. M. STErllKNS,
Vlco-Pree. Harnett Oil & Gaa Co.
A. A.. WI1ICAT.
Ins. and Ileal Uatate., W. Va.
GENERAL COUNSEL
JOnN A. HOWARD, Wheellnr. IV. Va.
. . ., , , JV. IIOtVABD 1IAMII.TOM. Baltimore.
SubatantiaUtv EBMent Management tllg Gasoline rroductlon-
Dlvldend)
MARKET
THKRE WAN ACTIVE MARKET ON. THE NEW TORK COT II TOR TniH STOCK
: ne
N(!l'
AND
TIIE PRICE ! HAH STEADILY ADVANCKD MINOK WK UECOMMENDKn ITS PURCHASE
AT K.OO.IN VIEW OF THE ABOVE STATEMENTS AND TIIE POWERFUL FINANCIAI,
INIEBKtTS HKlIINn TIIE COMPANY. WE KKCOIMEND THE PURCHASE OK UARNETT.
OIL AND OAS BTOCK AT THE PRESENT MARKET Pit ICE. AROUND Xt.OO PER SIIAKE.
Circular No. S on request.
E. H. CLARKE--Specialit. in Oil Securitie.,
27 William St., Now York City
DUtECTOBY Of ACCODUTJM
Ctrtl34 PafcU AtjomUaU
LWrtWKma, in Uimtm.r' .! ""
Mil mal7KaTAf,Tmi)T ltull
VBiti
'teggxzux
sua
ADVICE
We Invito inquiry from persons
contemplating conservative in
vestment and shall ba glad to ad
vise regarding: any current secu
rities, or submit a selection of
bonds made by our organization
of trained Investment Bankers.
Edward B.Smith & Co
EautuauiD 1S8X
BANKERS
Jittntar tftw York o4 PAItoAtlpUj
a Stock jrcaaaja
latl Cusanitrt Bnm, Pbiusbltbu
SO PiKa Bnss Naw Tom
FkAZIER6G3t
IKVESTMBNT BANKERS
Broad and Sanson Bts.
New Issue $1,000,000
Government of th
Province of Nova Scotia
Ten Year 5 Gold Bonds
Dated 1st January, 1916 Due 1st January; 1926
. Principal and Interest payable in Gold in New York and Halifax.
interest payable 1st January vand July.
Bonds in coupon form, registerable as to principal.
Legal Opinion J. B. Clarke, K.C. Denomination $1,000
These bonds are a direct "and primary obligation of the entire
Province and are payable from Its general revenues. They are also
tree from succession duties and taxation in Nova Scotia. '
Price: lOIVs and Accrued Interest
Yielding over 4.83
(Payment in New York funds)'
, Orders may bo telegraphed or telephoned at our expense.
A
Wood, Gundy & Company
114 Wall Stret
Torea NewTork Moti