14
EVENING IiEDaER PHILADBLrniA, THTJKSDAY, JUNE 22, 1916.
-- vi1 ' ii ii'HTiiiml win iiir i i i i , it nf-ii i' 1 "n 1 -,,,., n . !- i " " '" - i- -
FINANCIAL NEWS
i " " -i - i-. i i -- - -- '
UNCERTAINTY AND INDECISION MARK
TRADING IN STOCKS THROUGHOUT DAY
Business on Floor Hangs; Fire Until Fitjl Comprehension
of Mexican Situationflbtained Inspiration Copper
Fa"ils to RespofM'to Increased Dividend
High Points in Today's Financial News
Reorganization of the St. Louis and San Francisco Railroad authorised
by Missouri Publie Service Commission. Inspiration Copper increased rft'ut
dend, declaring ,?2 for quarter against $LS5 initial on March 23. All mini
mum prices removed from Montreal Stock Exchange tomorrow. $4,600,000
in gold arrived in New York from Canada. Bank of France showed increase
in gold holdings as did Hank of England. Price of bar silver higher in New
York and London. Temporary certificates for common and preferred stock of
Acme Tea Company, Inc., admitted to trading in unlisted department of
Philadelphia Exchange.
NEW YORK, Juno 22.
The trading1 on tho stock mnrkct tliroiiRlioiit tho tiny waa marked by uncer
talnty and Indecision, both In regnrd to the character of tho trading and tho bjiccu
lattvo mood. According- to watchful room traders, business on tho door was hang
ing: Ire until a full comprehension could bo obtained of the Mexican situation.
Tho metal stocks continued to bo Influenced by declines In trndo quotations,
with American Zinc pressed for sale and selling down to the lowest prlco touched
sinco tho books closed for tho pieferrcd stock dividend.
At times bullish demonstrations were mado in tho railway Issues and somo
of tho leading Industrials', but theso movements wero not sustained and dooscd as
soon as any realizing efforts were apparent, Tho speculative clement was gener
ally at a loss as to what position to take. Stocks, which wero sold heavily for
short account, mado sharp advances, as in Uio case of Mexican I'otroleum, whllo
others in which bullish ventures wore mado receded abruptly after model ato
upturns.
Tho lack of response to the declaration of tho Increased dividend on Inspira
tion Coppor could hardly liavo been called disappointing. Tho Increased dividends
on Utah Copper, Kennccott and Chlno wore followed by Just tho samo Indifference
on tho part of buyers, and thoso stocks today wero established at now low levels
slnco tho Increased dividends wero declared. Intorests concerned In tho manage
ment of these companies Insist that their present rovonuea cannot bo affected by
current trado quotations, as their output Has been nearly all disposed of on futuro
contracts extending up to tho end of tho year.
Third Avenuo was exceptionally strong, as it has been slnco Prosldent "Whlt
rtdgo returned from Europe Today It advanced moro than 3 points, selling abovo
68, with tho buyors basing tholr operations on what they regarded as posltlvo
Information that tho stock would bo put on a 6 per cent, basis in January. That
la a long way off, but Third Avenuo Is noted for discarding favorablo events far
into tho future
Now Haven waa also In good demand, with an advanco accompanied by pro
motions of somo pending developments. It majr bo that tho movement waa con
nected with tho expectation of somo announcement In regard to tho disposition of
tho company's trolley lines. Industrial Alsohol waa weakest of tho specialties,
lolling 4 points, but such wldo movements are not unusual In this stock.
St. Louis and Snn Francisco llailroad to Be Reorganized
NEW YORK, Juno 22. Tho reorganization managers of tho St. Louh and San
TTrancIsco Railroad announce that tho Tubllc Scrvico Commission of Missouri, by
order entered June 10 and accepted by tho reorganization managers, has authorized
tho rcftrganlzatlon of tho St. llouis and San Francisco Railroad through a Missouri
corporation, to bo formed for tho purpose. Tho now mortgages aro being prepared
and tho now securities will bo Issued soon.
Inspiration Copper Increases Dividend
NEW YORK, Juno 22. Tho Inspiration Copper Company has declared a quar
terly dividend of $2 a share, payable July 31 to stock of record July 14. This divi
dend of $2 a. share compares with tho initial dividend of $1.25 declared March 23.
Sullivan Machinery Extra Dividend
BOSTON, Juno, 22. Tho Sullivan Machinery Company declared a quarterly
dividend of 1 per cent, and an extra dividend of 1 per cent., payable July 15, to
stock of record July 1. Books closo July 1 to July 15, Inclusive.
Baltimore and Ohio Sells $5,000,000 Equipment Certificates
NEW YORK, Juno 22. Spoyor & Co. and Kuhn. Loeb & Co. announco that
$5,000,000 Baltimore and Ohio 4 per cent, equipment certificates, which wero
offered by them this morning, have all been sold. Tho certificates mature annually
during 10 yeara.
' $4,600,000 More Gold Arrives From Canada
NEW YORK, Juno 22. Gold to tho amount of J4.600.000 has boon received
from Canada and deposited at tho Assay Ofllco for tho account of J. P. Morgan
A Co. Thla brlng3 tho total on tho present movement up to $71,140,000.
ainimum Prices on Montreal Stock Exchanue Disappear Tomorrow
MONTREAL, June 22. On tho Montreal Stock Exchange tomorrow all prlco
mlnlmums will disappear and tho last vcstlgo of tho protection felt necessary
against posslblo disturbance when tho European war started will vanish.
WHEAT ENDS LOWER;
MOVEMENT IRREGULA
Better Weather Gives Market
Easy Start, but Predictions of
Showers Turn Sentiment
GRAIN BELT trEATIiER FORECAST.
CHICAGO, Juno 23. Tho wrathrr fore
cast for 36 boar follows!
Iirinols Shower nnd probably thunder
storms tonlcht and Frldari warmer tonisht.
Missouri Unsettled tonlcht and FrlUayi
probably thunderstorms! warmer tonlchtt
cooler 'Krfdar
Wisconsin Showers tonlcht and Friday!
warmer. -
Minnesota Rain and possibly thunder
storms tonlcht and Friday! warmer south
east tonlxht! rooler southwest Friday.
Iowa Unsettled tonlcht and Friday! prob
ably thunder showers! warmer east tonlcht!
cooler west Friday.
North Dakota Probably ruin tonlcht and
sTrldoyi rooler.
South Dakota rrobably rain tonlcht and
Viridaxs rooter tonlcht.
Nebraska Unsettled tonlcht and Friday
probably thunder showers! eoolrr tonlcht and
Friday.
Kansas Generally fair tonlcht and Frl-
lay, preeeded by thunder showers this after
doou or tonlcht.
CHICAGO, Juno 22. Wheat again moved
hTejrularly today, finishing lower, but above
the bottom. Beter weather gave the mar
ket an easy start, but official predictions
for showers turned sentiment later, and
prices sold above yesterday's close, the
selling having been overdone.
On the rise there was a great deal of
liquidation, which more than took care of
a, demand from shorts, who had been stam
peded, and all other wants. There were
export orders in the market, but bids ap
peared to be out of line.
A leading commission house called atten
tion to the fact that there had been sales
of 5,000,000 bushels of Manitoba in the last
few days to be shipped abroad at the rate
of 1,00,000 bushels a month.
Interior receipts were large. The mar
ket at Liverpool displayed heaviness be
cause of the fact that Argentina, Australia,
India, Canada and the United States have
reserves sufficient to supply tho United
Kingdom for 12 months. There was a
further recession in Atlantlo freight rates
and the Inquiry from the Continent was not
urgent.
Com finished easier after having de
veloped considerable strength on Indications,
of showers. Moisture was not looked upon
as favorable. In vlev of the receqt long
continued rains and cold nights. The mar
ket at Liverpool was dull but steadier.
Oats ranged higher, but did not retain all
the sain. Expectations of a demand from
the United States' army and the heavy re
quirements of importers abroad were In
fluences. leading futurea ranced as follows:
ys day's
Wheat Open. Hfgh Low Close clow.
July ... lOi l.OJft 1-02HT1 O-'Ji'l OJU
sptmbr huh i ouy, t.ocSh mui.us6
DSitatSr . t.OStf lOSK 1.08 ilWKfl.OsS
eorn mew atnvryj
-imy - .... gz?
?z
Beptember .
December .
Kt
Jali . . ..
September .. 33
December . . W
Lard-
fuly 1S.12
Mnber ..IS 30
JoJyfrT. ...10
September ..13. 7?
July 21.80
September . 21.05
at. tAsiKd.
74V1 T3W 73Ji 734
73(i 72 1SK
Blii 3K 3S tug
a a -is
13 13
13, aa
13.8.1
13.75
St.K!
2I.JT
39
39 V
4
13.07 '18.0T -13.17
13,20 13.!0 113.33
13.57 tl3.60-;13 67
J3.03 13.67 113.37
31.80 m.30 24.(13
23,67 21.M t2M5
BAR SILVER
la London bar sliver we nuotird at 31d, to
Jr. aa daoi t W84. ...
CouHuetuUt lr Jhr was quoted la Ns
stk lata We. a ta et c
I New York Bond Sales
Men, Low. Close.
?HP0 Albany i. sus .Via... 83H 8M4 83H
k; Alask.1 Gold cv lis lu.' 1UJ 1U2
10UU do deb .13 U7V, D7Vj 7
W1U00 Anolo-Krench Its . . ,. . & uag usft
JHHH $mer ,Hld0, 6a...luJ. ll).l4 K)3j!
lOUU Amer Ira lis B74i 87 871
10000 Amcr Tel clt Is uijj ui 81$,
10U0 Armour Co 41s ti3$ II3H U3H
SOUU Atchison ten s ..... M ii, 113
Z3UU0 Atchison adj -Is 85 Hi'l tUK
100U Atchison cv -Is 10tl0.,lui lui lei
10000 do clt 4s (ill bit Ml)
28000 do -Is 1)1 UO'I 91
40UO docv-lVis ..5 U5 05
uooo do Swn JH uH tioti tioVi
2000 Both Kti-ol ,H a. '. "inii iYn in"
SHRH JirooK T5a 1U18...100J, 100J1 100
2'!U IJrook Un Qas 1st as.ioavj 1004 106
BUOOO Can Gov s 1021 93Ti ou't 1111
3000 do 4s 19J0 90ti OUti llO'i
3""" do 4, 1031 .. ...'... .1005 100 " 100 '
5000 O C C cen 4s 80H SOU SOW
400U C C C & St L 5s. . . . OtS Ul2 II4?J
10(10 Cal Qas Si Kleo 5s . . Vlil nK 75i
2000 Sanada South 5s I02I 102K l(i.'I
loooo Chill Copper 7s 1274 12? I27U
2000 Chea Ic Ohio 4 Vis U0 0074 iio
1000 do 5s 105 103VJ lwfi
25000 Chi & Alton 3Ha . 40! 40 40?
2000 Chi Ut West 4a 70 70 70V,
2000 Chi & Nwn 3Wa .... 81 811 8l3
60000 c a & q joint 4s ...I ml os osvj
2000 do re 4s ......... 97VJ li7Vi 07V
2000 do III 4s 95H 95V, 05V,
5000 do rfd 4Vs U3Vj 03il 03V,
SUOOO C It 1 1 ft V rfd 4.... 75 73 75V?
203000 do 5s 03 G2i H2'I
101000 do ct 1st sta 5!i 30V, 501
rSnH V,S5 Hn.Ma 1"' "OH 104
5000 Col 4 Bouth 4Via .... 8tH 81. 84K
13000 Con Gas conv s 122 12- 122
14000 do rfd 5s 70VS 70 70
2000 Detroit Edison 5s 1033. Wit 102H lo.'i
H0OO Dls Seo Corp 5s ... 77 77"! 77
27000 Urlo conv 4s Her D.. 83H 85 85V
lOOO Gen Eleo deb 5s ....lot 104 104
2000 lit Steel deb -IVia.,... 00 ou So
8000 Indiana Bteel 5s... ...102 10254 102V,
2000 Interb Jlet 4V4s 74'i 74'! 748
31000 Interb 1 T ret 5s list! uhvS i'ByJ
6000 Intern! Paper cvt 5s . 02 Hill 9"
38000 KCFI8 ill 4s 7H 7u'J ?3Vi
4000 Kan City bo 5s 01 01 01
4000 ILka Steel 5s 1023... 0'Ji 001 091
10000 Laclede Gas 1st 5s.. .101V4 10l2 lol2
3000 Lake Shore Ken 3'4.. 81?, 84(J 84Vi
ISHS Jh VatrtRcon4V,a.loOn lfiu" loo1
2000 Louis ft Nash 4s OIVJ OiVi 04V1
5000 Manhattan sta 4s , 91 j 01 Si"
10000 Jlln St I S S 51 4s..;. 03Vs 03 03
8000 Mo Kan ft T 1st 4s..J 75 75 76
0000 do 24 4a ..,...:;; 47 4?n
29000 do 4 iia ..:::.:::: 3 Jb5 Va
10000 do 6 :: 70 70 70
1000 do ex t -Is 47 47 47
loou Nassau Eleo 4s 75 75 75
2000 Nat Tuba 5s 10074 1007, 10074
iooo srctii Os. .. llsS llL'S 112
14000 do 4s 91 01 91
1000 do 4's s 931 031 03i
1000 N Y C ft St I. 1st U 03 05 93
3S000 N X City 4s 1036 100 100 100
2000 do 4s 193T ,10054 lOOii 100V1
1000 N Y O II ft P 4s . .. 83 Mil 855
1000 NYNllill Hs... ;iIJ 112! llji!
10000 N Y Rwy adJ 5s,;... 67! 57? 57
64000 N Y Tel gen 45,s..;.. 08'1 08H Osij
1000 N Y W t?ft H 45ss:.. 74IJ 7fJ 74!s
6000 Norf ft West cvt 4V4s,J31 131 131
3000 do 4s j,,1,,: 03 93 93
30O0 Nor Pao prior 4s,::L:: 02 0.' 02
oou jio sen 3s ......... aa tin Aa
3000 do rea 4s 91 91 91
5000 Ora ft W n ft N is., 8IK 841 844
60OU Ore ft Cal 5s . ...IlOl 1011 10l2
OOOO Pao Coast 1st 5s 98VJ 984 98W
loom) Pacific Tel 5s . ..., 10054 lOOji 10054
1000 Penna can ct 4Hs ...1011 101H 0t4
25000 I'ubllo Serv N J 5s . . 02 911 92
30000 Keadlns KM 4s . . .. 9554 93'! 9354
10000 Jim Ir ft S 5s . . .. 9Vi 9851 9854
11000 Hlo Or A W clt U .. 65 65 65
10000 Ily Stl Springs 5s '31. 97 97 97
5000 at l i m ft 3 alt 4s. . 0954 0954 r.954
SOOO tit L ft 8 r gep ct 4s. . 71U 7lV 7151
IOOO do rfd Ct sta 41 . . 7552 731 75 1
2700(1 do Sr A w 1 .. .. 70 70, 7U
9000 Seaboard A I, adJ 5s. A7( 67 67
10000 South. BU Gs 1004 100K 1001
IOOO South Pac cv 4s ... 88 88 83
soon do cv ret f p 6s ..l04i iolH 1014
15000 do rfd 41 . 90 90 90
25000 South Itwy sen 4 71 7054 71
3000 do con 6s 10154 10154 10154
1000 Teiaa ft Pa 1st Ss.. 07 07 97
40000 Third At adi 5s ... 80 7954 794
300(1 Toklo 5 77K 77 77
4000 Tol Po ft W 4s. .. 8(5. 545! 3454
SOOO V 8 Oovt 3s .... 10054 ioo 10044
132000 V S Steel 8 F 6s 105 104K 103
3000 Vntaa IVtiflC 1st 4.S S6V, 9V( 9654
6000 4)iv 4 ... V37i 93 93K
lOOQ Vn Rwy S V 4s . 325 32 (1 3254
20Z Wabash 1st 5 10j 104 10lS
New tork Stock Sales
t.sst close, lltch. Low. Cloe.
Advance Rumilr.i 10H 10 15!f W,
Ali.li tlnl.t t UK WU RU Rt
AliKla OnM Mini 20 20J
Allls-ChiilmcM Mfg 25 23)4
Allli-OMfg pf,, ., ,.., R2 8U4
Am vk Chcm pf 08H 03!(
Am licet Sugar S8H 88
Am USA Fpf 1745, 175
Am Can...... 55 55
AmCanpf 110 109U 109)4 109)4
AmCat&Fdy 57 57Jf 57 67
AmCar&Fdypf H854 110J4 110?f 11054
Am Coal Product H4!4 110 141)4 145J4
Am Cotlon Oil 54 51
Am KKDresj 12" 120
Am Hldo & Ijpf 49'f 50
Am Ice Seeutltlei 28)4 28)4
Am Unseed 20!f 21.
Am Linseed pf 40!f 40!
Am I)comotlvo 00)4 0954
Am Smelt & Hat 93)4 03S
Am Smelt & II pf 112 111
Am Smelt pf A 03X 93'f
Am Slecl Foumltlcj 49X. 4fl!f
Am Sugar ItcflnlntC 110)4 110U 10))4 103)4
Am Tel & Tel li!0)4 l.)34 1.10H 130Jf
Am Tobicco 20574 20 1 20 1 20 1
Am Woolen 43!f 43f 43'f 43'f
Am Zinc L & Sm 43 43J4 41
Am Z L & 8 pf aVl 0.')!4 01
Anaconda Cop M 81'4 S2'f 8054
AtchTop&SF 101)4 101)4 101)4
Atch T & S V of 101 101 101
All Coast Lino 114 111 lit
nald Loco Wks 81J4 MH
llald Ijoco Wks pf 101 101
Halt & Ohio K'J)4 89
Halt & Ohlopf 70)4 70'f
IJafoplln Minim 1)4 I '4
Iletlilchem Steel 438 435
Drooklvn Itap Tr 85)4 80)1
llutto & Superior 01 OS
Cal Petroloum 19)4 19
8)4
20)4
23)4
81)4
OS'f
80)f
175
5154
61
125
49)4
28)4
20'4
45
03SJ
92)4
HI
01W
47'f
8)4
20)4
25)4
81)4
08)
S1H
175
5134
61
120
50
28)4
20)4
40'f
0854
93)4
111
03N
17' t
v0)4
101
83H
7054
1)4
435
80
0554
18'4
Canadian Pacific 175)4 1754 175
Central Leather 63)4 64)4
Chandler Motor ....112 113
Ches & Ohio 02 02)4
Chllo Coppor 2051 2054
Chlno Coppot 4Tf 4954
Chicago Qrcat West 12)4 12)4
Chi Great West pf 30'4 37)4
Chi Mil & St Paul 07'4 07)4
ChlM&Stl'pf 130 130
Chi & Northwestern ....129)4 129
Chi It I & Pac 2H4 2454
Cluott.Poa & Co 7354 74
Col Filol & iron 1154 4154
Col & Southern 35 ' 32
Continental Can 9954 100
Corn Troducts Itof 1054 19)4
Corn Prod Kef pf 90 00
Cruclblo Steel 80)4 80
Crucible- Stool pf 11414 114
Decroi Co pf 0154' 0154
uonvcr mo ur 15 11
Dn & Hlo Or pf mi -n't
Detroit United Ilys 110 115
Distill Soo Corp'n 4 1!4 1 1)4
Erlo , 364 3054
Erlolstpf 52)4 52)4
Erie 2d nf u ,n
Ocn Chemical pf 1155 11354 11354 111)4
ocneral Klectrlc 10S 108 10,54 108
Goodrich U F 7.154 7554 7154 7fl)j
urantiy Consol 81 88 88
Grecne-Cananoa ll4 41 40
Great Northern pf- 120)4 12054 120)4
G N rfs for oro prop . . 3054 30)4 3054
Gulf States Steol b0)4 8-1 c3?4
Onlf Statos S 2d pf . . . . 5)9)4 90 00
53)4
112
0154
20!4
4S54
123S
3054
0754
130
129
22)4
73
4054
32
U9
19
00
78
41
04
8034
10IX
101
114
81)4
104
88)4
7054
154
435
80)4
05)4
19
176
64
112
0134
20"f
48'4
123.
3711
!754
130
129
124
7354
41'i
32
01)
1954
00
7854
llllnoU Cent
11354 III
01)4 0154
14 14
30 30
1144 1U54
43)4 44
305J 3054
52 5254
43 43
88
4054
120)4
30)4
83)4
00
.10154 10454 10154 10454
Int Agricultural pf 524 5034 4954 4954
Int llarv Corp'n 81 80 80 80
Int ConCor v tcsh.... 1754 17)4 17f 17f
Int Paper 1134 1154 1154 1154
Int Paper pf 5054 5054 60'4 6054
InspConCop 4854 4854 484 48)4
Int Nlclfol v t cfs 40 45)4 4554 4654
IntMMdofdep 2-1 21 2354 23J4
IntMMpfcofdp 0234 03)4 9054 93
Jewel Tea 8-1 8314 S3 83
Kan City Southern 2554 20 20 20
Kan City South pf GO 00)4 00'4 G0'4
Knvscr J .'; Co 9854 i)')54 '.' !i7
Kelly Spring Tiro 7254 71 71 71
Kennccott Copper 4754 4S'j K'j -in
Lack Steel Co GO OS54 17 a 0754
Lehigh Valley 7054 8054 70)4 MJ
Lako Erlo & West 2054 20 20 20
LakoErlo&Wpf 44 43 4254 43
Leo Hubber Tiro 40 4954 4S54 4854
Liggett & Mj era 250 251 251 251
Long Island 37)4 3754 37 3754
Maxwell Motors 84 81lf 83 83
Max Motors 1st pf 8054 b7tf 8754 8754
Max Motors 2d pf 57)4 57 57 57
May Dept Stores 03 62 02 02
Mexican Petroloum 0854 07)4 .0054 07
Miami Copper 315. 35 3154 1154
Minn St P A 3 3 M ....12054 12054 12054 12054
Mo Kan & Texas 434
Missouri Pacific ,
Mo Pac tr cfs. .
Nat Cloak & Suit
Nat Enam & 3 Co
Nat Lead Co.
7
7
75
2454
00
434
VJ4
754
7054
2154
05
454
7
054
'054
21
05
Nov Con Cop 104J.10J4 1034
434
7
054
7034
24
05
1054
New York Air Brake.. ..133 TfVXiJ ,133 133
NYNH&II 0154 0314 0154 0154
Now York Central 101)4 10154 10354 10334
N Y 0 & West 2054 27 2034 2054
Norfolk & Western 130)4 131 130)4 13054
North American 6654 GO 00 CO
Northern Pacillc 11354 113 113 113
Ontario Silver Mln 7 034 054 054
Penn Railroad 5754 5734 5754 5754
People's Gas Chi 10134 102 102 102
Pressed S Car Co -1854 4S54 47)4 4755
Pullman Co 10354 10354 lOt 103
Hay Con Copper 2154 2154 2054 20'4
Heading 10134 10134 10054 10054
Heading 2d pf 45 4554 4554 4554
nepubllc iron & S 4554 4554 4554 4554
Republic I & S pf 10754 10754 10754 107)4
Soars. Roe & Co 183 183 183 183
SnatArtzCop 3154 3154
Southern Pacific 0054 0G54
Southern Ry 22)4 22)4
Southern Ry pf 0854 OS
Studebaker Co 138)4 139
Tenn Coppor 4154 4454
Texas uo 18-1 180
Texas Pacific
Third Avenuo
Tol St L & W pf....
Union Bag & Paper.
Union Hag & P pr . .
Union Pacific.
Union Pacific pf
U S Ind Alcohol . .
31 31
9054 0054
2254 22)4
OS OS
137)4 133
4054 41)4
1S154 181)4
13(4 1354
05J4 G754
1214 1254
5'4 554
324 3254
135 130
o24 8254
140)4 147
1354 1354
..0454 0854
. 13)4 124
. 554 5'4
. 32)4 3254
.135" i 137
. 82)4 82)4
.154)4 154
United Fruit 105 10054 101)4 100
UuRysInvCopf 18)4 1854 1854 1854
U S Rubber 5254 5254 5254 5254
U S Rubber 1st pf 10954 10954 1095a 10954
U S Steel Corp'n 83)4 8454 35i 83)4
US Steel Corp'n pf 117)4 117)4 117)4 11751
USSmlt&M 70 0934 0S)4 C054
USSIl&Mpf 60 60)4 5014 50)4
Utah Copper 7054 7054 7554 7054
Va-Caro Chem 42 4054 4054 t054
Wabash 1354 1334 1354 133
Wabash pf A 48)4 4834 48)4 4S)4
Wabash pf U ...2754 2754 27 2754
Wells Fargo Exp 133 131 130J4 130)4
West Union Tel..,, 03)4 93)4 9254 9J54
WestK&M 69 60 5854 6854
Wheel & h E 1st pf 14 11 14 14
Willjs Overland 280 180 2c5 2o5
Willys Overland pf 10834 107 107 107
Financial Briefs
May net earnings of the Oklahoma Pro
ducing: and Refining Company were approx
imately (75,000, or at a rate of 1225,000 a
quarter. This is six times the dividend
requirements on the J 1.500,000 capital out
standing. At the present rate of 2U per
cent, quarterly, June earnings are expected
to exceed those of May, owing to Increased
production.
David St. Miller, for some years past con
nected with Francis Ralston Welsh, has be
come associated with Robert W, Daniel
The New York Subtreasury lost 18,128.000
to the banks on Wednesday, and since Fri
day lost 12B,993,000:
Andrew Hoyt has been elected a member
of the New York Stock Exchange. George
C. Thomas, who recently bought the seat
of the late Edward F. Slaypack, has been
proposed for membership in the Exchange.
Announcement is made by the Chicago
Elevated Railways of an extension plan af
fecting tbe two-year 6 per cent, secured gold
notes issued July 1, 1914. It is 'designed
to extend maturity to July 1, 1919, under
an arrangement whereby interest Is to be
Increased to 6 per cent., with flE cash to
be paid In respect of each (000 face value
of extended notes. The National City Bank,
of New York, is depository under the plan.
Next Monday the petition of the Fearon
comrnlttee of the Wabash-Plttsburgh Ter
minal Railroad bondholders will be heard
by Judge. Orr, In the Federal District Court,
at Pittsburgh. The petitioners objected to
the reduction In the upset price urged by
the majority bondholders committee for
the oreeJua saI. '
TONE IS VARIABLE
ON NEW YORK CURB
Public Interest Lacking Prices
Are Generally Lower Okla
homa Oil Active
NEAV YORK, Juno 22. Tho market tone
on the Broad Street Curb wna extremely
variable throughout tho day, with price
movements In most cases following tho lend
of tho Important Issues on tho stock ex
change Public Interest was lacking nnd
thcro was little effort mado by lending
operators or pools to force ImpdTlnnt move
ments, nnd in consequenco business vns
to n great extent of n. drifting charnctcr,
with lower lovela gcncrnlly In vordcr.
Speclnl developments In tho ol fields
wero Incentives for trndlng on a lnrgo
Bcnlo, with Oklahoma Producing nnd Re
fining, nctlve, Belling ns high ns 8W. Other
oil stock"!, however, wero In Blight demand
nnd yielded under stnnU sales. There was
some wldo fluctuations In tho motor stocks,
Chevrolet ndvnnelng from 221 to 230, but
losing this gain In tho afternoon.
Metropolitan I'otroleum wis directly In
fluenced by tho Mexican situation nnd Bold
down more than 1 point, nnd declines wcto
noled in Sinclair OH ntid United Western.
Zlno stocks followed tho load of tho stocks
In tho s.imo class on tho Exchange, with
tho new United Zlno falling from 8 Mi to 8.
Llttlo attention wns paid to United Motors,
apparent ayndlcatti manipulation Jielng
about tho only trading In that slock.
INDUSTRIALS. , .
Armo Tm, 61 BJ
Aotna Exnlcislvxs 17V4 n't
AJax RubW Tlrs OS 0754
Amorlcan llrltlsh Mts B., 10
American Marconi 34 ,
Atlantic! (lulf and W I na54 0154
Atlantlo Uulf and W I pret no C8
Canadian Car Co , ,115 TO
Canadian Car and Fdjr pref 83 ST
Chevrolet Motors 221. 2-7
Cuba Csno Hunar ST54 OS
Curtlss Aoroplatio I 'J nil
Ilrlcirs-Ssatiury 12T 132
nisonlohr Tobacco in -til
Clsenlohr Tobacco prof OS I'll)
UmtMon lMionottrnph 1?!4 13,
Klomtah-I.ynn :,U ill
Haskell & llarkor Car .wi H'i
Hindoo Mfp 2.1 28
Inter Mr .Marino ....., J I -'
do vlil 01 nil
Kathodlon Mronzi ptd 2U 2T
Maxim Munitions , !i n"i
Manhattan Transfer 1 H
Mldvals Steel , fir.1; Ill
Otis IJIovator r7 t.o
I'oerUss Motors VII -Ml
Perlmnn Him .,130 13.1
l'oolo i:n , 1 1 "i 120
S 3 KreiKo w I loVj It,,
Standard Motors T T4
Submarine Boat BH'4 .174
Stutx Motor B1'. BIH
Trlanaio Tllm 2$ 3
United Prom Sliarlnir U 1
United Motors 7.VI 71
U S I, A II com lift 3(i
do rfd i: it's
White .Motors Br. B7U
World Tllm 'J l(s
STANDARD Oil, STOCKS.
Illinois inn ir.3
Ohio t;- --
Prnlrio Plr Mill '-'1H
S O of r.illfornlA lmk lmo
H O of New .Icney .".'."J Mil
S O of Nvv York 2U7 2US
otiii:h on, stocks.
Coiden & To 2rt Eft's
Chalmeri Oil I 8
Inter Petrol lo'.s ini
Houston Oil 11 IT
Mldweit Itef 03 III
Sapulpa ItcC mi 12
MININO STOCKS.
Atlanta 11 13
nutto Copper & Zinc fi'4 n
Hullo N V 'J 2t4
Orro do Pasco .Ti .lit
Tlrst National I t'4
Ooldfleld Mercer 8 1"
Hecla Mining B li'n
IIowo Sound Ivt t
Jim Duller (in nj
Jumbo Intension 80 8'J
McKlnley D.irrnh no BS
Magma Copper lPi l.vi
Mines Co of America 2'4 21i
NIplsslnR 7 7
San Toy IS 111
St Joseph Lead , IB'4 HI
Wlto Uilc !.- OS
Cerro 03 Ill' 111
I10ND3.
Chesapeake & Ohio Bs nl m
Mldvalo Ba tilUi UO'i
FOREIGN EXCHANGE
NEW YORK. Juno 22. The featuro of
the foreign exchange market In tho first
hour of business today was a decllno In
relchrmnrks of ',ic. from Wednesday's final
figure to 71 nnd 74. Tho decline on the
movement In the last two weeks Is 2c. I.lro
showed increasing f.rmness, whllo a lower
tendency developed In Swiss nnd Scandina
vian exchange. Sterling nnd francs wero
steady without particular change. Quota
tions: Demand sterling, 4.7Gi41.7B 13-16;
cables, 4.70 V4 ; franc, cables, 0.01; checks,
5.91V4: Uio. cables, G.35',4 ; checks, 6 3G ;
Swiss cables, C20',4; checks, G 27 ; pesetas,
20.15 and 20.30; Vienna. 12.80 nnd 12.83;
Stockholm, 28 and 28.25; guilders, 1
41; rubles, 30.60 and 30.65.
Tho market continued fairly active after
tho opening call, with further liquidation
by longs. Thero was nothing In tho way
of fresh market nows to stimulate trad
ing on tho long sldo, with weaker Bra
zilian cables and receipts at primary ports
running full. The local spot market
showod an improvement in demand, with
prices, however, unchanged at O'.ic for
Rio No. 7.
Around midday francs Improved about
yt, to 5.00 for cables and 5.01 for
checks. Ilelschmarks shaded to 71 and
7474. Sterling was unchanged. Tho other
market wa3 dull but steady.
iUtes for money
Call.
New York 1H!$4
Philadelphia 3'i
Iloston
Chicago 3H4
Time.
3 W4'l
:i4
4 44
4 04t5
BANK CLEARINGS
Dank clearings today compared with corre
sponding day last two jears:
1010. 1015. 1014.
Iloston ....J31.145.L'2T $21,837,711 22.0I8,694
Phllada. . . .J10.tlTS.U4ll $'.II.IIJJ,UI Jl'I.BIIT.li::.'!
New York .. 4110,138.4211 2U0.O1I.1M l'll!l,:ir,8,ll84
Chicago 0.1.11(14, 2.111 4II.T.-.O.MI7 Bl. 484 201
St. Louis ... 1I1.85D.10T 11 388.83S 10.U01.7Ml
lialtlmoro .. U.0UB.133 S.U31.I0S 5,000,422
DIVIDENDS DECLARED
Central and Southern
regular quarterly of 1V4
American Telegraph.
ier rinr
July b to stock of record June 30,
MYlrAn TelecraDh
terly of 2V4 per cent.,
per
ne 2
Company,
cent., paya
$)le
reiMilsif. mini.
payabla July 15 to stock
r,t PAnrrl .llinn SO.
lTnftH Firemen's Insurance Cnmnanv ml,
annual of 4 per cent., payable June 30 to stock
of record June 21.
JtepuDUO Jiai.way nna
mr
ular quarterly 1H .per cent.
uism LumDanv. rexr.
snt. on the nreferrnil
July 15 to stock ot record
stock, nayable
June su.
Temple Coal Company, quarterly of 2 per
cent, on the preferred stock, payable July 10,
to stockholders of record July 1.
Wells l'argo & Co.. regular semiannual 3 per
cent., payable July IS to stock of record July 3.
Virginia-Carolina Chemical Company, regular
quarterly 2 per cent, on preferred, payable July
15 to stock of record June 30.
Interstate Mallwais Company, regular semi
annual 3 per cent, on preferred payable July I
to stock of record June 2J. Hooks close June
!3 and rennen July 1.
- .: .'---." -...i-, t. , .
iwuoitai wanit, regular semian-
Merchants'
nual 4 per cent,
rei-ird June 244
payable June 30 to holders ot
Kenslnaton Trust Company, regular aAmtnn.
nual of 3 per cent,, 'payable June 30 to stock
of record June 15.
RAILROAD EARNINGS
TOLEDO, ST, LOUI3 AND WESTERN.
4 1018 Increase.
Second week June ..... J 1 IB, 5.1 1 1 15.237
From July 1 5.327.U01 000.742
LEHiail VALLEY
May gross 4,318.Bis
Net ................ 1,4112.337
11 months' gross,.,,.,, 43.1538j.-j
Net ,... 18,000,127
1473.343
00,705
4,21)2,71..
1,530,427
English Bank Statement
LONDON, June 22. -The weekly state
ment of tha Bank of England shows the
following changes! Total reserve 44,942,
000, Increase 270,000; circulation, 35.213,
000, decrease 140,000 j bullion 61,707,000,
Increase 134,000; other securities 73,382,
000, Increase 2,680,000; other deposits 91,
549,000, increase 4,008,000; public deposits
51,200,000, decrease 1,064.000; Govern
ment securities 42,187.000, unchanged. The
proportion of rti'e bank's reserve to liabilities
U now 31.60 per cent, against 31.90 per
cent last week and compares with a decline
of from 19 M per cent, to 18 per cent In
'this, week' last year.' Clearings through the
London banks for the week were 275,070.
000, against 290,370,000 last week and
236,438.000 thla week last year.
Bank of France Cains Gold
PARIS, June SJ.-r-The weekly statement
of the Bank of France shows an Increase
in gold of 6,410.000 franca and a, decrease
Sales in Philadelphia
20 llald Loco . ... 63
.50 Hurt A Sus pfd. 07.,
lBO JO llrlll ,,..,, 80
25 iJlea Btorngo 03.,
BO Urle .......... ,10 V,
10 Ins Co.N Am.. 20K
100 Henna Cop . .,. 48
0S Luke Sun Corp. lyjt
138 Lehigh Nav ... 70 W
2J Lehigh Valley ( 80..
B0 North Central.. 88"j
BS8 l'enna It II B8
31 Ta Steel pref .. W8
2B l'hla Co.., .... 40
mil rhlia i;iec,,,., 21)
2uii i" it t tr ctrs..
250 Heading
B0 Tenn Cop ....
723 Tonopah He!
1(10 Tonopah Mln..
B Union Trnctlnn
7 United (Ul Imp 80
2530 tf ,H Ktcel .... 84 U
,1() Warwick I A H l)Vi
3 WJ I Seashoro 40
Nt
ifiant
2 154
iW '
oa!4
Low. clo
lU
03t i ojjt M
xoj soK
io?! lojl 8
8 08
40 40 vj,'
28H 20.. H
i ir io!" -)
2 42 42., 2
4 II 43 43
80. 89 ... mj
OH 0W '
40 40
10
. 42
Toinl sales, (1821) shares, compared wllU i'-SSJ
slinres reslerdart thus far this week, 80,720
share si same period Inst week, 03,030 shares, . . .
"V
il:ij
110NDS.
jsono Am o & n.Bt.. if?
Iooo city 4S 1041 rit.loln
'JOIIO do 11)43 rea-.. 101
100(1 do 1IM2 rc...101
1000 Hlo I'm Tr 4s 80H
4000 )".iu III das Cs 100
1000 Hariri llleo 0s 102H
iuuo iniersia uyn 4s. 01
liiuu KojrTel 1st ns. . .:
luiin i, .M cons 4V)S
1000 do Ren 4s .
11000 do cons 0a o
111)00 do reg 110
Innnt) rin 1st Bs . . .104
0000 Pa Co gen 4Un.ioi,.i
1000 do cons 4MB. 103.
2UO0O 1 W II t o 4s. IWW
iuuu I'nnn 1'iieO' is. . no
Iftnil llmHIni. prtn Am IIT.1
1000 Htand ft & II lis' 100 1
2000 WelsbaPh Co Bs P8fi
1000 WfffM's gn 4s 81W
Votal sales, S78.10O.. eompart.l with 807.350
setierunri iuuu xnr mm weem vovw
iwriou
Net
Low. CIom, chanjee
tils tils
ink
07 07
m m rii
now un' A0'
101H lulW 'i
1U5 105., ..
o 0014 '
mv Bn.i
S H.ilJ 06(4 ht
i ioo log 4 ....,,.
nfti HH't - u
84 iW
;yi thus, far this wi
last week, 8250,003.
Local Bid and Asked
Uuffalo A Busq t c.
uo pret i o
urui j k
Ilaldwln
do pref
Cambria Steel.. .
r.lectrlc Storage.
Uoneral Asphalt.
do prof
Key Tel
do t c i
do pref
Lake Sup Qprp
l.oh Nnv . A. . . . .
I, eh Volley
l.eh Val Tr
Pennsylvania oj7s
I'hlla Kleo aH
Phlla Co 40
do 5 per cent prer... j,
,tn rt nor rvnt nref... 40
Phlla II T t o .18'
lleadlna- 101)
Tonopah Bel
Tonopah Mln
Union Trac
II (1 I .....
u H steel ...
York llwy . . .
do pfd . . .
Win Cramp t
Today's Testorday'o
Did. Asked, wu. ASKea,
rii uiva w-iTj
00 58 B7 B9
S5J 8
82 82W 84',4 83
ilOtVi 1011 10J 100
7?' vi re ?a
uii A M $
08 Oil. 08., CO ,
IU lOj 10H JOH
, 75 76 "B4 70
70 i 80 it 71) Jt SO'i
it i 214 21 S Ti
42. 43 42 44, 43
57 "i 07 J 01
28!a '2Sti 20
41 40 41
3D 38 89
I 4 111 40 4114
19 18'4 19
k looH loi'i loti.4
41, 14 '. 1 UMU
......... nti S OU bh
..I...... 43 43ll 43., 43'
831 8V4 R3li R4
;; " ... i5i? in io., inn
. I ! 374 3S 3714 .18
0 83 83 S3 85
LONDON STOCK MARKET
Americans Sag and Lack Steadiness.
MnrketB Aro Quiet,
LONDON, Juno 22. There wns less
activity In securities on tho.Stock Tchnnge
todny nnd tho markets wero higher. Dull
ness wns noted In gilt-edged section. Deal
ings on tho exchange wero sanctioned In the
4,000,000 BH per cent, four to six year
Australian Commonwealth loan, the under
writing of which at par was completed.
Americans sagged and steadiness was
lacking, following the setbnek nt New York.
Canadians were sluggish South American
rails were quiet nnd mixed. Dealings In
homo lines wero not brisk and tho group
had a confused appearance.
Under the lead of Russians, allied bonds
wero cheerful. Further Russian credit bills
wero offered and they were absorbed readily
at 5 1-16 per cent. Spanish Issues wero
dull In sympathy with Paris.
Investment stocks wero nsslsted by the
Govornmant's reduction in tho tax on un
earned Incomes.
London markets less active.
Spot Wheat Quiet in Liverpool
LIVERPOOL, June 22. Spot wheat was
qutet today, with No, 2 hard winter quoted
nt 9s ud unchanged ; No. 2 red winter. 9s
7d, unchanged ; No. 1 northern, Manitoba,
10s Id, an advance of Id; No. 2 northern,
Manitoba, 9s lOd, unchanged, nnd No 3
northern, Manitoba, 9s 8d, unchanged. Corn
was quiet with American mixed quoted at
8s lid, unchanged, nnd Plato new at 9s
Slid.
Tinta Alegre Increases Capital
DOVER. Del.. Juno 22. Tho Tlnta Alegre
Sugar Company, of Boston, has Increased
Its capital stock from $3,000,000 to $8,000,-000.
No "What or Corn Off British Coast
LONDON, Juno 22. No wheat cargoes
were reported off coast this mornng- and
none wero awaiting .orders. Other posi
tions were dull No corn cargoes were re
ported off coast and none wero awaiting
orders. Other options wero dull. Provin
cial markets wero weak.
Condition of United States Treasury
WASHINGTON, June 22. The condition
of tho United States Treasury, according to
a statement issued today, was as follows:
Net balanco In general fund $117,365,980;
total receipts. $01,225,998; total disburse
ments, $44,007,580. Deficit for tho year,
$10,775,800 exclusho of tho Panama canal
and public debt transactions.
Sugar Futurea Dull
NEW YORK, June 22. Futures opened
dull this moaning and 3 to 11 points lower,
with sales on tha call 1250 tons. Condi
tions in spot sugar were easier, which
caused considerable early liquidation by
trado interests.
Spelter Prices Lower
NEW YORK, June 22 Spelter prices
continue to work lower, although no large
volume of the metal Is being offered. Prices
aro fractionally lower than yesterday,
prime Western spelter East St. Loula being
quoted at 12 to 12 H cents for spot, HVi
cents for July and 1111 cents for August.
It Is reported that sales of June spelter
were made yesterday at 12 cents per pound.
Fine Granulated Sugar Firm
NEW YORK. June 22. Fine granulated
was firm and unchanged today at 7.75c,
7.65c, and 7.30c, The last sale In spot
Cuba raws was at 6.27c, a decline of 13
points from the opening of yesterday.
Its J 11 U Sl
Carefully, selected securities, of
proved merit.
Bend for Circular,
IVJELLOR & PETRY
Member. iWft8,&c,,,,w
316 COMMERCIAL TRUST BLDG.
16 SOUTH BROAD STREET
DIVIDENDS.
WEST PENN POWER COMPANY
PREFERRED STOCK DIVIDEND NO. S.
' June 15, 1910.
The Board of Directors of this Company has
declared quarterly dividend No. 2 of ona and
thiS-Fourtba per cent. (IK ) upon tha par value
if IU seven per cent (75 Cumulative "referred
Htw& payable on the 16tn day cf.Aujuit, luld.
to 1 stockholders of record at the closa of business
AUDlviaend'checki will be mailed to Stockholders
on aw"" , a. swirr. is......
. ....., ,. ...,
If.
(.
T
D1BEOTOBY Ot ACCOPXTANT
bextlflsa PubUe Aecouataata
1615
LAWaENCE E. BROWN CO.
hicaCbhtatb -rmju-r umLpota
. "ri-
LOCAL EXCHANGE ADMITS ACME TEA
ISSUES TO THE UNLISTED DEPARTMENT
Trading Allowed in Temporary Certificates for Common
and Preferred Stock Conditions in Steel Mar
ket Quiet Light Trading in Stocks
Announcement was made today that tem
porary certificates for the first preferreil
and common stocks of the Acmo Tea Com
pany, Inc., had been admitted to trni ling
In the Unlisted Department of the Philadel
phia Stock Kxchange. Tho company re
cently took over all of tho Acmo ntorcs in
this city. . . , ,
Of the first preferred stock, which Is 7
per cent, cumulative, J2.7I50.O00 Is admitted
and tho common admitted nmounts to J3,
600,000. The par nlue of each Is $100, full
paid and nonassessable The transfer
agents nre tho Pennsyhnnla Company for
Insurances on Lives nnd Granting Annuities,
of Philadelphia, and the Guaranty Trunt
Company, of New York registrars, the
Commercial Trust Company of Philadelphia,
nnd the Chase National Bank, of New York.
Philadelphia and New York certificates aro
both a delivery. For tho preferred certif
icates 97H was asked early In the day.
Late In tho day BOH was bid for tho com
mon. Steel trado r. .thorltles report quieter con
ditions In tho markot and Borne producers
stale that orders now coming to hand are
slightly below the operating capacity nnd
output at present Some of the business
that was ponding a few weeks ago has been
virtually withdrawn, It Is believed, as noth-
Proa.
Ing more has been heard from tt
pcctlve consumers. m th
" Ii generally believed' In the ir.j .t
Ihta situation has been brought aW.'H
affairs in Mexico, and that hwlUtiaJ1 '
bo expected until a clearer knOW ?'
what Is to bo expected can b w V ef
Tho point Is made, however, bv !0b.Ul.I,t
principal Interests that even a rSSSi!.' ih
tween this country and Me" Ico eln aVT
the steel market only temporarily aM.
the demand for steel Is likely .?, tht
larger rather than smaller ,??'"
the situation. rMult f
Thero wag very little to discuss I .1
trading on the Ucal Stock ExchanA JU
Traders on the floor and customers fi
brokers' offices devoted much more atte
lion to bulletins on the Mexican h.7.h
than to tho trading In stocks, and eoi."
nllAnllv tillAlntna -wan nn n ,,.., . ..wHe-
Prices wero generally toward lower lew!."
but tho losses, with the exception of Lthlex
Valley, which waB off more than one twin?
wero small or unchanged from the clots of
yesterday. Lako Superior sold at the elmJ
price aB last night's final early In the air
but caBed off In tho afternoon, A wetir
local Issue was Lehigh Navigation, which
was off one. '
COTTON PRICES ADVANCE
AFTER TAKING A DROP
Covering by July Shorts and Bullish
Southern Advices Cnuso Jump
NEW YOrtK. Juno 22. Strength was
shown on the Cotton Exchange at the open
Ing this morning and prices roso I to 9
points. Spot houses purchased July nnd
October nnd sold January.
Somo of tho largest floor operators were
good purchasers. Liverpool wan nctlve In
tho market, selling October and December,
but wns a good buyer of January. Wall
street and commission houses took small
amounts. Room traders sold on tho balance
and after tho call they put out linos on
which prices dropped 3 to 4 points before
the end of the first 16 minutes.
Tho setback from tho opening advance
carried prlceH back to about last night's
closing figures. Thcro was Southern sell
ing of July, presumably realizing on long
contracts, and considerable scattering Wall
street liquidation, which may have reflected
tho unsettled ruling of tho stock mnrket.
Prices rallied In consequence, with July
selling 7 points net higher after 11 o'clock,
while later deliveries worked some 3 to 4
points net higher.
12m. 2 p.m.
March .
July ...
October
December
January
AURUSt
Yes. close. Open 11 a.m.
is. tin
.13.5(1
. ls.nn
. l.t.17
...la.ni
...13.41
. . . I3.IU
13. ns
13 1U
13.3.1
13.41!
13.0.1
13.UI
13.35
1.1.40
13.01
12.00
13.13
13.2R
13.30
13.14
13.25
13..1I)
13.40
Spot 13.03
Liverpool Cotton
LIVERPOOL, Juno 22. There was a
fair business dona In spot cotton today,
with prices 7 points lower on tho basis of
8.22d. for mid-upland. Tho sales aggre
gated 8000 bales, Including GOOO bales
American. Tho imports were 13,000 bales,
Including 11,000 bales American. Tho mar
ket for futures closed easy nt a net ad
vanco of 314 5V. points.
"Mop" Note Deposits $17,000,000
NEW YORK. June 22. Deposits of
Missouri Pacific 0 per cent notes for ex
tension for six months, totnl $17,000,000.
Thero nre $1,600,000 held abroad which
have not yet been deposited, nnd the
JfG.000.000 notes owned by the Gould estato
have not been extended This nccounts
for all the outstanding notes, with tho ex
ception of 1273,000 which represent scat
tered holdings nnd will, therefore, como in
slowly.
B.A
o
AY.
PUBLIC SERVICE
SECURITIES
Public Service Securities are a lien
on the success of communities.
Municipal Service Co. 5 f Collateral
Trust Sinking Fund Gold Bonds.
tjjThese bonds are amply ,secured Ly
deposit or liratmtg. bonds to an amount
greater than outstanding Municipal Ser
vice bonds and a veryconsi Jerable equity
in the stocks of the several subsidiaries.
j The companies properties are located
in Penna., Virginia, ( two ) Ohio, So.
Carolina, Georgia, which insures the
stability of earnings, which are largely
in excess or required charges.
Tax refund in Penna, FREE from
normal Federal income tax.
Becker Aylirvg S. bng
Land Title Bldg. Philadelphia.
NEW YORK COFFEE MAHKET
NEW YORK, Juno 22. There wg t
further reactionary tendency noted In th
coffee market for futures at the outset thu
morning, and first prices Bhowed declines
of three to four points. Trading was mo4
erately active on the call with sales cf
8260 bags.
Today's TeslerJirt
openlni. closi,
June 7.UJCJM
July 7.83O7.00 TmBt'S
August 8.00 Soloiloi
September 8.15 S.laSs if
October 8.12 S.nB.l.
November S2la1i
December 8.23 8.3Oii7
January 8oSiJ
February ,.. 8 8Aeiii1
March 8 8608.40 RSaSiH
April 8.3708.40 m'SJH
May 8.40O8.6O eJKSJS
"Bids '"
Tax Free Investments
Our Juno Investment List de
scribes, with other desirable
issues, Rockford (Illinois) Gas
Light & Coke Company 1st and
RefundinR MortgaRO 5 Bonds,
which, at present prices, yield
nearly 6, and which, in ad
dition to ample property security,
aro guaranteed, principal and
interest, by a strong controlling
company.
The circular will bo furnished
on request.
Edward B..Smith&Co
EsTABiisniro 1801.
BANKERS
lfemoera ffeto York ana FMIoaVfsMs
Stock Exchanges
1411 CnisiNOT Bum. PniUDCriiu
SO Fins Shut New Yoix
flu
trf.
(30.1
BUT
Ef
ELKINS, MORRIS & CO.
BANKERS
Land Title Building
Philadefphia
High Grade
Pennsylvania Tax Free
Railroad Bonds
Equipments
and '
Public Utility Bends
MEMBERS
NEW XOnK ANH riUTJVDELTHU
STOCK EXCHANGES
INVEST IN MORTGAGES
AT 5.4
RecommendeJ bjr
BEN T. WELCH
1328 Chestnut St.
luO
tarll
"?
trtf.
jli.?
s
fa 40'
CHE
firM
uvr
mi 1
we
tiltttr
VI J
11
TO
CSS
nijri
fcirVur
I&CUK)
1W
BttP
SM.t'
imlii!
Oil. 1
Men
uirbr.
miller
If,
tr to
C&olc
ILM0
autr.
m ''?-
: per '
'Porto 1
,Mls, I
arena
RlAZIER G-Co
INVESTMENT BANKERS
Broad and Sanaom Sta.
Government of the
Province of 'Quebec
- Ten Year 5 Gold Bonds
Dated Int Jnue, 1010
Dae lot Juuc. 1020
Principal nnd half-jrenrljr interest payable
in fiold in New York, Montreal or Qnebea
These bonds are a direct and primary
obligation of the entice Province and
are payable from its general revenues,
Price: 10034 and interest
Yielding about 4.90
Write for Circular CSS
Wopd, Gundy & Co.
14 Wall Street, fitvr York
-n
Toronto
Montreal
London
$827,000
City of Tpronto, Canada
1 Serial Gold Bands Maturing 1925-1949
Denomination S1.000 Interest January and TaVr
Principal and interest payabla In gold in New York or Toronto.
Price: Rate to yield 4.95
A. H. Martens 8c Co.
Toronto
(Uonsrri Tmtto flloci ics3s;
61 Broadway, Now York
Chicago PbllttiltlPBtA
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