inj nipup'fl, j'jm,npf 'y
mnHijpn.Mm'yiiiiHjypi i ifi
giff, i-iaMK(nmmmm
IfiwiyESTl?;!
12
EVENING LKIHIEK- PHILADELPHIA, SA1. I ltJ '. V , J UNE LU, i--0'
,?if
r9
ii-
si
rt
I.
I
L
R
, FINANCIAL NEWS
EAULYLOSSES IN STOCKS RECOVERED;
MANY ISSUES RANGE ABOVE YESTERDAY
. .
Good Buying Has Been Done All Through Recent De
clinesAssertion That Roosevelt Will Indorse
v Republican Presidential Candidate Helps
High Points in Today's Financial News
New York bank statement showed a decline of $25,578,000 in average
loans and a decrease of $2i,5H,000 in actual loans. Deposits in both state
ments were smaller and the average reserve ncreascd $24,i66,tOO and the
actual reserve fell $1B,SS0.070. $3,500,000 more gold arrived in New York
-M
from Canada. Hank clearings of country for the ween J,9.t per cent, larger.
Price of bar silver higher in New York and London, Earnings of subsidiary
companies of Atlantic Gulf and West Indies larger in April. Public Service
Corporation of New Jersey May earnings showed increase, Conditions in
steel market quiet. Commercial failures fewer in week
N15W YOIUC, Juno 24.
Although declines wcro shown In the enrly trading this morning1, there wns
.it fur better tono to tho market and before ninny minutes passed the belated liquida
tion resulting' from recent declines had apparently run Its course. Krom then on
until tho close substantial Improvement was shown, tho early losses being recov
ered, and many stocks nt the end of the half dny ranged well nbovo yesterday's
final figures.
Tlicro was much In tho character of tho trading to Infer that good buying
littd been dono In leading stocks all through tho recent declines, and thnt ninny
of these Issues, which were thrown on tho market at concessions, hnd gone Into
strong hands and would bo held for much higher prices. This does not refer,
however, to the many speculative bubbles which depend wholly on pool manipula
tion or Individual activity to determlno their market movements. It Is to bo ex
pected that such stocks will have violent fluctuations, and that they will bo sup
plied by tho general list.
Tho chief Incentive. In determining today's speculative trend was tho asser
tion made in many quarters that Theodore Roosevelt will como out tomorrow with
u full Indorsement of tho Republican presidential candidate, and that this action
will bo taken by some powerful Interests ns a bullish lncentlvo and used as a
reason for aggrosslvo buying In tho coming week, especially of stocks llko United
States Steel common.
Thero Is continued Interest, of course. In tho Mexican situation, but, ns a
matter of fact, tho disquieting Mexican developments wero only Incidental to
much of tho selling which occurred since tho beginning of tho week. It wna
known thut many large blocks of stocks had been hanging over the market for
some time, and It Is to bo expected that leading bears will gun for these accounts
and get them.
Tho weak spots In tho market hnvo been nlmost entirely eliminated and In
their placo a short Interest of extensive proportions has been created, making
tho market now sensltlvo to bullish Influence. More attention. must bo expected
to bo paid to known values and earning power and when theso factors nrc consid
ered a broader demand should appear.
$3,500,000 In Canadian Gold Deposited in New York
NEW YOltK, Juno 24. Gold to the amount of $3,500,000 was deposited at tho
Assay OIIIco this morning for tho account of J. V, Morgan & Co. Tho gold camo
from Canada and brings tho totnl on tho present up to $79,240,000.
COVERING CAUSES
- WHEAT TO IMPROVE
July Rallies After Start and
Goes Above Dollar World
Shipments Heavy
WI1ATII KB CONDITION)
NNIV YORK. June SI. Advice , rcrehed
t the Weiithcr llnrraii this ninrnliiir Imll
cnted the following uenthcr rnnilltlonii
leiiiiirruiiirci
lllcll
Canadian Northwest . .showerr (HI
Northrt fair
.Middle West rulr
Hniilhnevt , . . . .rlrnr
Upper MUhIhhIppI Vnl....ruln
l.nuer .MlnsWslppI Vnl....rnln
Ohio Valley rlrnr
The followlnc nreclnltntlolt
mi reported! Ilntllefnrd, Swift
and Prince Albert. 031 Unamend,
IIS
IS
II
78
(III
l.w.
i
IK
ns
AH
im
x
OH
Indie)
Current
(Mil .11111-
nedoin. . IUi Winnipeg:. .lit Duliith. .0 Ij
Ilnnnlhal, .00. und Chlcuco. .1..
CHICAGO, June 24. Some covering rc
ulted In a better tono to tho wheat market
this morning, but considerable nervousness
was In evidence. July opened nt 99 'He. to
99Tc, against 99c. at tho close yesterday
and rallied to $1.0014 ; September started at
$1.03 to $1.02i, compared with $1.02 at
tho end yesterday; December ranged from
$1.06 to $1.05:1 at the outset, compared
with $1.05i, yesterday's last price, nnd sold
at $1.05.
There were reactions from tho best. Un
derlying sentiment appeared to bo bearish
because of better weather and continued
pressure of old crop supplies. Tho market
at Liverpool was dull hut steadier.
It was expected that world shipments to
the United Kingdom for tho weok would
be heavy. It Is believed that supplies for
tho millers of tho United Kingdom are. as
sured. Tho receipts at Minneapolis and Duluth
today were 383 cars against 108 cars last
year: at Chicago, 44 cars compared with
9 cars at Winnipeg, 542 cars against 46
cars.
Corn was steady. Weather conditions,
however, wero more favorable for tho new
crop. Tho receipts hero today were 164
cars. Tho market at Liverpool was dull.
Consumption In the United Kingdom ia
small and stocks are fair.
Oats were quiet. The receipts here
today were 113 cars.
Leading futures ranged as follows
Wheat
Open.
, 1.113
1. 00
Illsh.
l.lll
l.OJ
1.07
Julr.
Sept.
rw .
corn (neve iieiivery)
July.... "Tift 72j;
Kept.... TiS 71
AJec oi'.b
Oats-
July.,.. 30
Sept.... 38
Dec 30
Lard-
July.... 13.00
Low.
Ullli tl.inib
l.ostl '.m
1.054 M.OHN
on.
80 U
3SV4
40
70S
HOH
S8i
3H
3Di
Yes'day's
Close. close.
inn
l.li
1.03
71 i
70J
1M
30!i
3H
30
New York Bond Sales
ItlKh. Low. C'los".
13000 Amer Art deli r,s ... DTJi 07'i 1174
2111(1111) Anclo-Krench lis :. H.Vi '
r.iiini Amor Tel cvt I',4h . .lim'i lns'i lusU
luiKHi Armour Co -ma ... II3S !.l'4 li:i.
MiMii" Atnhlaun Ken Is .... 02 I2!4 1)'.'
louoo Atchison Arl 4!i ... 117 7 7
kiwi Atchison cv rs mr.r. ..mi mi mi
1IHHIII Atrhlsun ev 4r lmm ..ki:ik HW!i KM'
1 nun At I Knox & Cln 4s.. Hilte MY, Ml'i
liiliii Atlun Co Line 1st Is. Ill', !il!i, OHi
10(1(1 Halt & Ohio 3Ws ... 1)2 4 l)2(a HUH
14IKIII do ."is lllll'j 11111(9 ll(l4
41)011 1I11 Is (II
lailllll do cv 4'4s 111
mild Halt & O Su'ii :i'aH. 111114
noun llrnokn It T .'is '1H . .mill
3000(1 Can Uovt 4s 11)21 . . !
3NIIH1I do 4s 1112(1 ... llili
1SOIIII do Is mat 10(1
l.-ooi) Cent Leather 1st lis. 10'.!
r.lio Chill Copper 7s 12s
Soon Chi & Nwn 3'4s Ml
nitouil Chi II i Q Joint 4s.. Iis'i
IIMMI do Den 4s ii,
leuou Chi 11 Ml ! rfd 4'.5s IW
solid do ceo 4s l)i(',
7(110 do dlv 4s lllj,
llllllJU do cv 4'4H lllltt
30011 Chi It I & I'ac ls
AOIIII do col 4s
4100(1 do OS
71100(1 do rfd 4s
IMiion do ns ct one sta.
II Chi Itwy ns
L'lliin Clev Hh Lino I's
mono Cons lias com- tin .
lMion Del & Hud ronv 4h
llilio do rfd 4a
Soon Den & m0 Ur His
1 nun ,l,t rr.i r.m
;.,.. .::' ...." ..' ' 'i.i.' ..'. :w
1 in.., ,ivi r.tiiiin us ih.,.i. n.
looo Urlo Ken lion 4s 74'?
noon do conv 4s Ser A... 71V
73IHMI j:rle conv 4s Her D... Nl!
10011 (Sal ii & 11 ns s:t
limn lien Klee deh ,-is Idl'l
100(1 ilreat l'nlla 1'ower ns.inoK
moon Mud & Man In 3s .10
'loon III Htrcl deh 4Hs..v. tin
loon Indlano Steel .'in ln'JH
L'lliid Inter!) Met 4Ha 74H
1100(1 Interh It T ref ."is tisS
0700(1 Inter Mer Mar it l'is.m.'1'i
loon lnternl I'.iper (Is 111'.'
noon Japan neiv ( S IV. a.. '
looon Kan City Ter 1st Is.. K7'J
Ill
111
t'iji tin
pnfe 110K
Kin mnU
mi's 101 H
S.- K.-i
. ..loo'
...1 .'.' 4
. . . mns
::: ?i :
7!!!
loHi
noon Lex & Kr o ns. .
Jinlil Laelede (Jas 1st ..'.s. ..till
Mion I. It Kh deli 4s Itutt. . . IUH
400(1 do deli 4s 111.11 H4
noon Llir & M T 7s rec 1J4
1111111, tin is iLra i'n
noon Lorlllard 7s rec 123'i lL'.1i
1111111 no 7s l'J.i',4 is.i1
mi 1111
l)4ct til1!
II Pi III",
1L'4i 1L'1,
lllI
Bent.... 13.07
n 1 os
July.... 13.37
Sept.... 13,47
j-orK
July, , . .'.'3.83 !
tiept...,3.t'. :
Illd. tAsked.
12.07
13.15
13.00
13.70
1.(17
1.33
12.00
13.03
13.37
13.47
2.1.83
33.S0
12.07
U8.15
13.(10
13. 7U
21.(17
I,t2l.a0
12,02
13.07
113.40
13.17
124.10
t33.70
Wheat and Corn at Liverpool
LIVERPOOL. June 24. Spot wheat quiet
with blue stem quoted at 10s. lid., a de
cline of 2d.; No. 3 hard winter, 9s. 4d., a
drop of Id.; No. 1 northern Manitoba, 9s.
lld a decline of lJ4d.; No. s northern
Manitoba, 9s. 9d., unchanged; No. 3 north,
ern Manitoba, 9s. 8d., unchanged. Corn
steady, with American mixed quoted at 8s.
lid., a decline of Hd., and Plate new at Ss.
6Hd., unchanged.
CnOPS GOOD IN CANADIAN WEST
MONTREAL. Quebec, June 21 The fol
lowing crop reports were received from the
"West yesterday!
"Iteglna, Saskatchewan Provisional Gov
ernment reports' on crop situation show
if rain Is In excellent condition everywhere.
Wheat Is up to 10 inches in some districts
ant) oats to five Inches. Prospects Indicate
a good hay crop. Barley also Is well up
nearly everywhere. Flax conditions are
equal to and in advance of last year in most
places.
"Lethbridge. Alberta Prospects are
bright throughout southern Alberta for a
repetition of the record-breaking crop of
last year. Reports are coming in of re
markable growth of grain, following heavy
rajns and recent warm weather. Wheat Is
10 Inches high In most places and a few
fields are more than that
00(10 Lou ft Xnah A X It It
& H It Mon 4s 70
180110 T.nulH & Nil in Is Ol'i
1 Minn & St L Is ill
11000 M K t T 2d 4s 4H
3101)0 N y C ft II (Is U2S
L'linn do cq Ss 1111(1 1004
noon do con 4 s H.1,
1000 N V City Is UI.-.S 100
.1000 do 4s 11I.VJ . . . .
8( N V O & V rfd 4s 82
nono N V Tel ren I'is .... HS'.i
700(1 Norf & West dlv 4s . . 8IHi
l.iono Nor I'ac prior 4s D'J'l
70011 Nor l'ae uen 3a ild
77000 I'enna Ken ct 44s Kll?
1000 People's Usb 3 lot
soon Public Serv N J 5s.. 1)2
2000 Iteadlnir gen 4 s U3H
looiio st L I 31 & So Ken ris.101
loon at I, 4 H K sen ct 4s. 71" I
I .',11011 do in w t r, 14
34000 do adJS w I K. .
2000 do Her II w I Mli
S4000 do Her Awl 70ft
10000 Louis & Hwn 3s .... n.l
nilllO Slnnd (Ins US lOO'i
4000 Heaboard A L adj 3s. IH1H
711
044
(II
48
112
1011
8S,
1))()
70
1)14
(II
48
24 1124
1114 1()0
3, 83?,
100
.1004 KKI'.i 1004
OS'i IINI'l
8U4 81)4
112!, 112'i
(Hi IUI
101?i-1014
1111 mi
ii'j
li.lH
101
72'1
ni4
H.-,
S(l,
70V,
11.1
4000 dn Bill 4a
1000 South Hell ns
14000 South l'ac cv 4s...
2.100(1 do cv ret f i 5s . .
10000 South I'ac rfd 4s...
1(1000 South llwy cen 4s..
lnno do con us
4000 Tenn C ret f p
2000 Third Ave ref 4s...
noon do adj Ss
4000 V R K & It Co
100(1 1; K rtubher Cs
JOOod V K filed sf ns....
noo do rev s f ns . . . .
4001) T'nlon I'ac rfd 4s..
2000 Wabash 1st Ss
5000 West Electric Ss..
1000 West Shore 4s
81
ii
11.14
101,
724
r.i'i
K.I
Ml"!
70'.,
(1.1
loo'', ion';
im-, no-,
hi HI
.1UOH lon4 100H
. 87", S7, 87",
.103 ma?, in.V,
. llll IUI I'll
. 71 H 7U1 714
.1014 101 !i 1014
.10.1 lo:l 103
. Xl?i Ml?i Kll
. rill 80 80
.11(1 111) 110
.!K!"i 102 KI'.'S
.10.14 103 10.1
.1014 liilH 101 H
. on 110 00
.U114 lot "4 1044
.1041 JII2IJ 102 if
. tid"! h: ktff
tO'i 80
Total sales. 11.500.000, compared Midi 11,737.
000 luot Kaliiriliixi tills week, I7,OI7.000 lust
eek, tJ.0 13.000.
NEW YORK COFFEE MARKET
NEW YORK. June 24. The cofTee mar
ket was quiet and easy at the opening
this morning, with first prices showing de
clines of 3 to 3 points.
The market was quiet and lower affer the
opening, with sentiment more or less unset
tled, due to the weakness In Brazil, which
caused liquidation by tired longs and tiding
'for New Orleans and commission house ac
count. Receipts at the ports continued
heavy, and there appeared to be nothing In
the way of bullish news which might tend
to stimulate values for the time being. The
local spot market was quiet and unchanged
at 9?ic. for nio No. 7.
LIVE STOCK QUOTATIONS
IIIIICACIO. June 24. HOdS Kscslots. 14.1
Marks! 5s. lower. JIUgd and butchers. V.30l
u, koou nswvy. tv.dvtf.u
0.S0: sood heavy. I8.35CU.II0: roiuh hajivv. iud
0.80: Iltfbt. ftf.Mt8.bO; plx. )8.i8U.b0; bulk
HfTLB IUctiBt. 200.
is. is.saoii.s. cow
stuekers sud fssders.
Murka
v
Bvu. J8. 24911. to. cows and b-ifer. 13.75
0. (tVfl.DU,
a
79. 43. calves. S8.S0Sli.7S
CjJltiKJ- ItsUKJIHS. H MtXKtl VI
t.juwa:
tuadi
Twum,
tlve uJ Western.
K'a.
Iambi. 17 J04ll..
June ....
July
August, .
SfPtstober
(MtMwr .
nevB)er
DscwnWr
January
Ksbruary
Mareli ....
APflT .....
Aiay
Today's
openlajf.
."L80
.7.85
.'7.U3
8. 87
Today's
closing-.
7;S207.8
f .08 88.00
6.'i38.15
Test.
Bid. Total sales. 17,0i
17 08.33
bass.
rinse.
7.857.87
7.837.87
7.9207.O4
8.0OH.01
8.05 8.011
. 108.11
8.ISH.1U
8.2098.21
8.2i 8.20
8.3098.32
8.3598.3)1
8.40d8.42
Spelter Prices Are Unchanged
NHW yuntC June SI Although lead
ing interests report no change in spelter
prlc, the market is ctuiiici.tii.ted a weak.
and coocoaskma are repoi tad frvin previuus
Briee. frloie Westeiu spe'ti.) bast St
Big Companies Decrease Capital
TOBNTON. June !. Nqtlco was filed
with the Secrotary of State today by the
Pingulco Jllnes Company, dscreasing Its
capital from 17,000.000 to 31.500.000, and
by the Uuanaluato Peveloiiment Company,
reducing Its capital from Ji.000.000 to
jsou.ooo Both are New Jersey corpora'
111 iine'ti-i tMi't t
Loua to cKertcl ut 1:, f,.i j jtki ) '-.c I tiuiis. with registered offices la Jersey
Sst J? " ll ''.!- to Ajgust tity
New York Stock Sales'
High. I-ow. Cloe.
Advance Itumcly. . iftVft 15
do pfd 34H 32 3t
Alaska Gold Mines 20H 20U 20Vi
Allls Chalmers ... 34 Mi 24 4
do pfd 81()i 707', 7ny,
Alaska Juneau ... 8 8 8
Am Ag Chm rfd.. 08H 08H 0854
Am II Sugar 87Vi 8V 87 V,
Am Can 33V4 3 BV4
do pref 100 100 100
Amer Cnr & I'dy.. 37 SV4 37
Am Cotton Oil.... A3H nV4 33V4
Am Hide & 1, pf.. tn to 40
Am loo 2814, 38 28W,
Am lilnsecd 2014 20 20V4
do pref 47 47 17
Am Locomotive. 08V4 "7 08
Am Malt pref ... 3.314 33 3SV4
Am Smelting ... 03 nsift 03W,
do pref Ho lo14 tin
do prof A 0314 0314 0314
Am Silnc 43 4314 43
do pref 0014 0314 )
Am Steel Kdy ... 1714 7 47
Am Tel & Tel ...13014 130 13014
Am Tobacco 211314 20214 30.1 ,fc
Am Woolen !3'i II 43
do pref n14 nnxit onw,
Anaconda Copper. 80 78'1', 80
Asso Oil on no 00
Atchison 10414 lo.1T!. lot
do pref lot lot lot
Hold win Loco ... 8114 80 "4 804
Italto & Ohio 88,'l 88 88
do pref 70 70 70
Hntopllas Mining.. 1 104 1
Ucthlehem Steel.. . 11414 44214 41114
llroolc Itap Trim... 83', 83V, S3 14
Ullttc & Superior.. 00', 0014 0014
California Pet 18 17 17
do pref 43 43 43
Cnnadlnn tnellle..l70 17314 17014
Chandler Motor.. . 1 lli Hl'4 111
Central Leather. .. Sir, 3T4 4')4
(Mies & Ohio 02 01 "J 4 02
Chill Copper 211ft 21 21K,
Chlno Copper toy 481ft 40
Chic Ot W pref A. 3fllft 3fllft 3fllft
Chic Mil ft St I.. 07 OflTft 07
Chi It 1 ft l'nc 33!ft 22 TiVt
Col l.'ucl ft Iron.. 1114 40 4114
Col ft South 3214 3314 3214
Consol (las 131 131 131
Corn Products ... 1WV4 18 H14
do pfd 00 no on
Crucible Steel 78', 7(1 7H14
do pfd 11414 11114 11414
Den ft Hlo CI pfd.. 30 14 3(!ft 3014
Distill See 44',4 43 .43
Detroit lCdl 137 137 137
Krlo 30 3301 3
do 1st pref 31 3114 r.114
Gen Klec Kifl 100 100
Cen Mot pref 11214 11314 11314
Orccne-Can Cop .. 3714 37 37
Goodrich Co 7114 7114 7114
Ct Nor Ore ctfs.. ,11 31 3ITh
Int Ai;r Corp .... 13 15 15
Int llnrv Cor .V.Miyft 1131ft 1131ft
Interboro ('on Tr. 1714 1714 1714
Internal Paper .. 12 12 12
do pref 5814 5814 5814
Inspiration Con .. 4814 48 18
Int Nickel 4314 4514 4514
Int Mer Mnr ... 2314 33 2314
do pref 8n', 87 8n
Jewel Tea 8014 8014 8014
Kennecott Cop... 4814 18 4Hy,
Kan City South.. 2 20 20
Lehigh Valley ... 78 7714 78
Lnko Krlo ft W... 10 14 1!) 1014
Llgft M Tob pfiL.lin 'ill) 1111
Lee Ilubber II) 1814 411
May Dept Store.. 01 GO 1ft nt
Max Motors 83 8114 83
do 1st pfd 87 87 87
do 2d pfd 00 5514 501ft
M St V ft S S M.. 13014 13014 120V4
Mcx Petroleum ... 07 1)014 07
Mo Kan ft T pfd.. 1214 1314 1314
Miami Copper 3414 31 34
Mo Pao 7 7 7
do t c 0 0 (1
Natl KnnmelinR .. 24 21 24
Nat Lead ill 14 0114 0414
N Y Air Ilralte. ..131 131 131
Nevada Con 1014 101ft 1014
N Y N II ft II .. (!!!(, 01 017ft
N Y Central lot 103 103
Norfolk ft West... 1: my, 131 13t",
North Pacific 113 1131ft 113
Out Silver 714 7 7
IVnna It It 5714 57', 57
Pittsburgh Coal... 20 20 30
P Lorlllard pfd... 1181ft H8'.ft 1181ft
Pressed Steel Car. 4714 47',4 4714
Hay Cons 30 30 30
IlcndlnR loo OO'ft on 14
Itep Ir ft St 4414 41
do pfd 107 14 107 14 10714
Quicksilver 31ft 3 '.ft 31ft
Shut Copper 31)', 38ft 3lft
do pfd 4314 1314 4314
Sloas Sheffield ... 30 30 Do
So P 11 Sugar. .. .330 330 330
Southern Pae 1)7 1)7 07
Southern llwy ... 3214 22 83 V4
Standard Milling.. 03 03 03
Studebaker 138 1.1(1 137
Tennesseo Copper. 3114 3314 31
Texas Co 181 18314 181
Texas Pac It It... 1314 13 13
Third Avenue ... 07', 0714 0714
Twin City It T . . 07 07 07
L'n Hag ft Pap pfd 33 33 33
Union Pacific ...13014 130 13014
do pref 8314 88 14 83 14
V S Until Alcohol. 11014 13714 138
V S C I P ft P.. 3014 2014 2014
United I-'ruIt 1501ft 137 l.lOJft
U S- llcnlty 38 27 28
U S Rubber 5214 52 52
U S Steel 84 83 81
do pref 1171ft 1171ft 1171ft
U S Smelt 08 08 08
Utah Copper .... 70 75K, 70
Va Car Chem ... 40 40 40
Wabash pref A .. 48 48 4814
do pref II 2714 27 27
Western Union ... 1)2 02 02
Westtngh Klco ... 314 58lft 88
West Maryland . . 20 2U 30
Woolworth 133 133 133
Willys Overland ..280 384 281
Net
chise.
V.
3
14
2y.
14
14
K.
Y
3
14
1
lTfc
-f
1
Tft
Vt
'
"Vt
A
1ft
n'
1
114
l'.ft
Hft
4- '
1ft
7!.
y.
14
y
1-ft
1ft
V4
Ti
14
1ft
14
lift
' 14
"
Vt
14
1
14
I-
1ft
'4
1ft
1 14
'
14
1 14
"'A
Vt
"ii
i."
'14
14
1ft
1ft
1
Mi
1ft
"Vt
y
!y
3
"
1ft
1
V4
V.
2
14
'1
14
3
14
7ft
1ft
'14
14
1ft
14
I
i'
Total sales, 180,300 share, romparril lth
238,000 shares last Natiirduri this urrk, 3,230,
300 th.tres lat week. 3,120,000 shares,
ACTIVITY LACKING IN IiONDS
Prices a Shade Easier Purchasing
Power Absent
NRW YORK, Juno 24. Investment
houses' In Wall street maintained at the
close ot the week that they were nt a loss
to understand the complete lack of activity
In the bond market. Owing to the lessened
demand prices were a shade easier, while
the Interest return was slightly better than
the prevailing level of the last few months.
Thero did not appear to be any pressure
to sell bonds, but there was a complete lack
of purchasing power noted throughout the
list.
There was a feeling that If war Is de
clared In Mexico the United States would
ptjt out a large Issue of securities, and the
opinion was expressed that money rates
would perhaps seek a higher level than at
present. With this in view It was consid
ered likely that the large Institutions that
are holders of considerable amounts of
bonds would dispose of a part of them In
order to have funds available to take ad
vantage of the expected higher money rates.
To date, however, there has been no indica
tion of any pronounced advance in rates for
either call of time money, although the pre
vailing quotations are somewhat above
those of the last winter and spring.
No Change in Lead Prices
NEW YORK, June 21. There has been
no change In lead prices, the American
Smelting and Refining Company maintain
ing its quotation at 7c a pound New York,
while outside interests continue to shade
the price to 6 a Some demand is re
ported from Russia, and It Is understood
that about 250 tons have been purchased
for this account during the last two days.
Power Co. Adds $70,000,000 Stock
DOVER, Del, June 21. A certificate of
corporate amendment has been filed at the
State Department here to Increase the
capital stock of the Northern States Power
Company, of Chicago. III. frorq J3O.O0O.00O
to 1100.000,000. This corporation was in
corporated st Dover on December 23, 1909,
with a capital stock of J10.000.000, and on
November 31. 1910. Its capital stock ivas
Increased to JO,00,00O.
LOSS OF MECCA
; CAPITAL BLOW
TO TURK SULTAN
This and Russian Successes
May Bring Central
Powers to Terms
MARKET DEPRESSED
By FRANCIS W. HltlST
Kdlter nf Tho Kconomlat.
Pperlal CnhU to KvesINO I.KDOEH.
LONDON", June 24. Tho war map has
been nltered considerably In our favor since
the trcinndotiR Russian drlvo Into Austrian
Oallcla and the sensational news that Tur
key lias-tost Meccn. Without exaggerating
tho value of prestige, on may confidently
nssert Hint tho loss of Mecca to tho Sultan
Is ti capital blow.
Theso two events followlnc the naval
cntiintrnphe may bring the Central Powers
a long wny In the direction of terms which
could bo nrccptcd.
The depression In tho stock market here
Is partly tho nnttirnl reaction from tho
buoyancy of the last few weeks, but Is
mainly due, I think, to the Apprehension
shored with New York ot your Mexican
embarrassments. Nevertheless, the fnct
that consols Rtaiiil nt 30, ns against G7 last
November, when minimum prices wero re
moved, testifies to lite wonderful confidence
of our people and tho vast reserves of
wealth still existing. It Is now held for
certain that all minimum prices will bo
removed tho first week In July.
This Is probably tho only belligerent
country In which tho working clnsses ns
a whole nro not feeling tho economic strain,
yet they nro paying heavy war taxes for
their luxuries.
lludget modifications wero welcomed, but
you will nhscrvo thnt Chancellor McKenna
surrendered very little revenue.
The supplies of sugar seem improved.
This Is satisfactory, ns strnwberrles nnd
cherries have to bo converted on an enor
mous scale Into jam.
The Improvement of Scandinavian ex
change comes ns a welcome sequel to tho
Scandinavian loan. Tito depression In tho
market is attributed to tho misfortune of
Austria nnd Turkey and the Internal eco
nomic distress In tioriuany.
Financial Briefs
Tho Standard Screw Company will call
for redemption of all of Its $270,000 out
standing gold debenture 5 per cent, bonds.
These bonds are dated October 1, lOOOi
There wits originally Issued $000,000 matur
ing serially, $30,000 on each Interest day
from April 1. lllin. All but $270,000 have
been retired up to tho present.
Itradstrcet's pays: "New business Is
good, better than usual at this season, but
Just now buyers prefer to take a middle
ground for their operations, awaiting, tho
while, crop developments, possible lower
prices nnd freer movement of goods by re
tall dealers. So far tho only effects of
Mexican disturbance besides the calling out
of service thousands of useful workers,
has been stimulation of demand for pro
visions, essential army equipment, hcrses
and mules. Indeed. It Is possible that, Just
as sagging tendencies In trade wero logical
ly due, homo wants for preparedness may
lako up tho slack."
Commercial failures this week In the
United States were 281, against last week,
287 tho preceding week and 431 In tho cor
responding week Inst year. Failures In Can
ada number 31, ngalnst 21 last week, 27 In
tho preceding week nnd !!) last year.
The full 214 per cent, semiannual Instal
ments of Interest on Seaboard Air Lino
Railway 5 per cent, adjustment mortgage
gold bonds ($23), represented by coupon
numbers 23 nnd 20 for $12.50 each, will
be paid on and ntter August t nt tho odl
ces of Illalr & Co., 21 Ilroad street. Now
York.
The New York banks gained $3,119,000
from tho Subtrensury yesterday.
Subsidiary companies of tho Atlantic.
Oulf and West Indies .Steamship Iftucs hnd
gross Incomes amounting to $2,07.7.r.l
during April, a gain of $1,130,488 more thnn
April. 1015. Tho net earnings wore $1,027,
828. a gain of $190,928.
Tho total business of the Public Service
Corporation of Now Jersey for Mny, as
compared with thnt month last year, In
creased $301,250, or 11.8 per cent. The
balance of earnings nvallablo for amortiza
tion, dividends and surplus was $400,800,
and tho Increnso In surplus available for
dividends was $18,201. l-or the live months
ended May 31, 1010, tho gross Increaso In
business was $1,900,185, or 13.3 per cent.
The balnnco for dividends, etc.. was $1,903,
700 and the Increaso iu tho latter Item
$430,171.
FIVE TO ELEVEX-POIXT GAINS
IN COTTON MUCKS AT STAHT
Wall Street Interests Sellers, With De
mand From Liverpool
NI'.W YORK. June 21. At tho start tills
morning the cotton market wps firm, with
prices 5 to 11 points higher. This was
only a partial response to the strength In
Liverpool. Wall street interests wore the
best sellers and supplied virtually all tho
months. Some of tho longs also sold, ap
parently taking profits.
Spot houses bought July and some of the
Importnnt room operators also took various
months, but tho best demand come from
Liverpool, which purchased all positions
from October on. After tho call, the dis
tant options dropped 1 point, while July and
October fell 6 nnd 4 points, respectively,
but this was merely an adjustment of
prices, as the near months scored the largest
gains at the opening.
Liverpool cables reported advances of
2'i to 4 points, whereas prices were due to
como 514 to 714 points lower. A private
cable stated that ho market was a small
affair, with little cotton for sale.
Weather conditions wcro unsettled. Rain
was reported from many stations in tho
cotton belt, with more than 24 inches at
Oklahoma City. The report was made that
there had been too much moisture recently.
Temperatures were slightly higher.
The receipts of cotton at tho ports for
the day were estimated at 10,000 bales,
compared with 10,188 bales last week and
7215 bales last year.
1'et. close. Open. High. Imw. Cloie.
March 13.07 13.70 18.81 13.U8 3:80
July 13.18 Id. 18 1J.20 13,12 13.20
October ...... ".28 133 13. 13 is 13 SJ
lJecember ....13.44 13.B3 13..11 J3 Si 18 33
January ... .13.30 13.r..- 13.BI is 81 13 T13
Auiu.t ... "l3.-'3 13.81 1S.3H 13 20 13 31
May ........ IS. T," 13.8 !3.bl JS.M 13.8!)
Spot 1J-30 13.10
Cotton Statistics
NEW YORK. June 24. The (tatistlcal poal
tlon of cotton l a to lo;
Tt5pplyV".'.b.1t 3.011.051 4.071.257 6.012.400
0 American ,2,603.031 2.721.237 .13J,40O
TOjgn9"23'.'.:il.84a.470 11.804,031 14.835.000
DIVIDENDS DECLARED
Tonopah Mining., renular quarterly 15 per
cant . iSyoble July SI to atock ot record June 30.
Niblaaliuc Mlna . Company, regular quarterly
5 wr cimt- payable My 2U,.,. ? "' record
June SOT Dooka cloae Jun 30 and reopen July
18.
Municipal Service Company. 1 per cant, on
thTSomown atoclc. payable July T to atoskhotd.
ixt of record t tb dw of bualoeaa Jun 24.
RAILROAD EARNINGS
NORTHERN PACIFIC
1018..
MiiV?r..:::::i
Surplus
at month' groM
Net
Burchu . .
lucre.
a.S33,U4l0 Jl.tS83.UOO
.y.w
14? Ailrt
ion Aon 1 ?5rt iVki
r'Sii'TT: .?'r:'z:i
Oil Z74 4UZ 11 4fia,33J
slims .8W1:31!
Sales in Philadelphia
130
M0
ICO
300
no
lop
loo
212
lii
2:111
20
10
100
30
III
2.1
lo;o
10
ltlch.
Acme Tea to.. (W
do rref tU'.i
litcctrlc Stornno (12..
Hrle 3d!
itennecoti i;np. -in
l.nVn Mitn f,m 111
l,ehlKh Nnv .. 73'
I-eh V'el Tran. ail
oo prer ..... 4a?
Penna "T'.i.,
I'enna Sail Mfc.iuuU
I'hlla Co cum pr 40
Phil , Klec 23 J
Itcndlnir !'..
South itwy . . . S'M
Tonopnli Pel 4U 4
Tonnnnli Mln. 0
Union True .... 43
fnit (Ind Imti. RSi
I." H Steel... 4(4
Wm Cramp Son 82
Iw.
31
07
Sou
T(
Closo,
",
10J4
. ..
f. .A "(
RTH. All
fc IUU',1
a'liU
41-d?l
8'J
100
40
2;i
221
1-in
ou
43
SS
83 S
Net
chirc.
1
in"
4- !i
1-10
si
Totnl xnle, 33(13 uliiire. rompnreil with 3702
ohnre tnxt Nattinliurt tliN week, 33,017 nhnresi
hint rek, 82,334 nlmrr.
310NDS.
Net
lllBll. I-nw.Cloae. chnnpe
14000 KeyTeMstlfe.. DS'l .OSU .H
2000 l,h Nvenn 4i.4s.102S 102. 102t '.
H000 lh. Vni eona . . .,, ,.,, .,
4 '4s 2003 ...loot.4 too'4 inoH '4
1000 do 10M re(t..10t 101,, JOl
nooo Va Mo ml iS..lnilN 10it' inii'.i ...,,.
2100 Phlla Klec 4s... SI ss'i HI '
2000 Un Hy Bid t c 4s 71 74 74 i
Tnlnl unlex. fJO.lOO, rnmpnreil with $37,100
Int Hntiirdnrt thU week, KIO.DOOt lnt eek,
$310,743.
Local Bid and Asked
rturr a rus to . ...
do pM
J (I lirlll
llahlivln
tin pM
Cnmbrin Rteel
Klertrlr HtontKe . . . .
Uencrnl Aaplmlt . . . .
do ptd
keystone. Telephone
do tr ctfs
do pref
I.nke Htm Corp
l.ehlnh Nnv
l.ohlKli Vnlley
LehlKh Vnlley Tr ..
do pref
Pcnna
l'hlla lilee
l'hlln Co
do 3 per cent pr . .
do (1 per cent pr
I'hllii ll T t c
ltnndlntr
Ton Het
Ton .Mln
t'n Trnc
tf O I
11 H Hteel
York llwy
Today
Hid Aeked
r.l
r'"..
33H
Sflti
:,:
no
e()!4
...do pref
win crnn
02
3.1 ,
70,4
14 4
ll'i
(IS
lo'i
TT'i
2t
lt'4
r.7'i
2.S'1
in
si
:il)'5
is
uti'j
4
0
I2'4
hs;
I.-.U
37
S2
03
31
71
13
13
IUI
10 V
73ii
42
r,Ti
211
io'.4
.t'.l
40
"',.
Il,l
4',4
0'i
43
SO
HI
i.-.n
M
al
Yesterday
Hid Arkeil
M r,3
no r,n
3.-,li Sll
siu m
101 10(1
s:i S3
112 113
33 81
70'.4 71
I I 13
II 13
oh r,i(
Ki',5 loj;
73 73H
21 'i 21 k
42' 4.1
2K4 2
3l) in',4
as 3ii
.10 404
IID'd ltlllU
"" (ill'
I2'j 43,,
SS 88 ',4
S3'4 81
LI'S 10.
.TfU 37
2 83
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
IVHISAT llceelnls. 220.011 Imsli. The mar
kel win dulet hut sternly ut th" Into deellne.
quntntlon.i: Car lots. In export elevator .No. 2
red, Htint nnd June, le.i4i.Uli No. 2 Southern
red !)ililie.: steiimer N'c - red. tiilWIISc.i No.
3 red, IDKti'-e. , rejected A. I3',4 fl)3V4c: re
jected 11. 02 fill lc.
COItN Iteeelpts, H332 buxh. The market
ruled Bteudy under muderute offerlnsa. but trwdo
wiih iiulet. tjuotatlonx. Car lota for local trnde.
im to locution No 2 yellow, tblV4 .c. I
stenmer yellow. 83'4 T8le. : So. 3 yellow, 8114 dp
82'.4r.l No. 4 M'ltow. 78V4 7H'.4 1:
OATM Iteeelpts. 24.73!) hush. Offerlnca were
only inndernte unci vnliica were well suatnlned,
hut there wna very little trmllnir. Ouotntlona:
No. 2 while, -lil' (fc 47c. : stnndnM white, 4.i4 W
lile. ; No. white. I(frl3c.: No. I white. 40W t
41','ie.i sumple ontB, 38W3DC.; purlllcd oatn,
Brnded. I3Vj O 13c.
ri.OCIl Iteeelpts. 000 Mils, nnd 1.333.082 lbs.
In sacks. There was little tradlmr and vnlues
wero lamely nominal. KollowinR nro the quo
tations, per 11)0 lbs. In wood: Winter, clear,
ll.r.iKrDI 711; do., strnlKht. 11.7303: do., patent.
(3 do 3.23; Kansas, clear, rnttnn sacks. Il.fliin'
1.83; do.. strnlKht. cotton sacks. l.00M.i.2.i;
do., patent, cotton h:ickh. )o...i'(.i.(iii; snrinK,
tlrst clear, I I.IXHV3.I3: do., Btrnlitht. I3.20W
3.40; do., patent. 3.r,0(!l3.73; favorite brands.
sri.tltirri ((.!.,; cltv mills, cnotre and llincy paieui.
J3.li0jKI.23; city mills, reaular smdea Winter,
clear, Jl. 3H5i 1.73; do,, strulKht, J 1.7303; do.,
patent. I3V3.23.
ItYK 1'I.Olltl waa nulet and unchanged. We
quote at 13QJ3.50 per libl., na to quality.
PROVISIONS
Tho markpt rutcil Arm. but thoro was llttlo
trnillns:. Kollowlnu nro the nuntatlnnn: city
lcf . In sntH, smoketl und alp-drtcd, l!7c. ; West
ern iwrf, in ftetH. smoked, U7c. ; city li'f. Icnurk
ph and toniWn. emoked and nir-drlcd, L'c. j
WVntnrn hfft, IcnurkN'H und tenders, Hinoked.
L'sp. .pf hams, $2.S(foai); pork, fnmUy. Sl!3.r.iit4
27.30; hiuni, H. I, cun'd, Ioohi. Ibdi'lHVa c. ; do.,
Hklnncd. looac, HfoiHc; do, do., nniokcd,
lltff'lH'ic.: other huniH, nmokod. city cured, ns
tit brand and uvoniRt1, lNVjc: hamM, Hmoked,
"Wi'Hlrrn cured, IHVfcc. ; do., boilpd, boneless,
rt3c. ; picnic Hhoulder.1. H, P. ritred. loose, lL'Uc. ;
do,, nmokod, lHac. ; IipIIIph. In pickle, accord tnff
to nerut, loose, llP-ic. ; breakfast baron, ns to
brand and average, city cured, 'Jlr. ; do.. West
ern cured, luffnc. : lard. Wen tern refined.
tiVrees, l-tv&c.j do,, do., tubs. Ifc; do., pure
eity, kettle rendered, In tierces, lt'c; do., do.,
in tubs, 14,c.
REFINED SUGARS
Tho market waa nulet but steady. Quota
tions; i:xtrn fine Hrnnulnted. 7.H0W7.03C. : pow
dered, 7.104(7. 73c. ; confectioners A, 7.20(9
7.33c; aott crudes. (;.,",." 07. 30c.
. DAIRY PRODUCTS
HUTTKR Tho market for desirable stock
ruled steady, but wholesale trade, as usual on
Saturday waa nulet. Quotations: Western
solid-packed creamery, fancy specials, 32c; ex
tra, SiliffSlc. ; extra firsts. 2U02DV4C. ; firsts,
2SM2HWc; seconds. 27W27V4c: nearby prints,
fancy, 33c; average extra, 31$32c; firsts, 2Hft)
30e.: Beconds, 27fi?27'c.; Kiirllcky prints, 2tJc;
Jobblnc sales of fancy prints, ,'IIIW?";.
1COOS There was a hmid outlet for flno fresh
crcs nnd vnlues were firmly maintained. Quo
tlons: In free cases, nearby extras. 27c per
doz. ; nearby firsts, 17.20 per standard case,
nearby current receipts, $l.it()0,73 per case;
exceptional iois nisner; western extras, 2()o.
per doz. : Western extra firsts, 57.20 per casa:
tlrsts. JO.73M7.03 per case; fancy selected
candled fresh egga were Jobbing ut 3uWait.
per doz,
ClIKKSE The market ruled steady under
moderate offerings, but there was little trading.
Quotations: New York, full cream, fancy, KIU
Ci'lll',4c; do., do., fair to good, 15)4610c;
part skims, OCfllc.
POULTRY
l.IVH sold slowly and showed no Important
change. Offerings were moderate but ample.
Quotutlons: Fowls. 1UHW20C.; roasters. 13(3'
llc.t spring chickens, according to quality,
weighing 1W2 lbs. apiece. 24(Q30c.; white Leg
horns, according to quality. 216,21c; ducks, as
to size and quality, lt&lilc.t pigeons, old, per
pair. 2Scr:i0c.i do., young, per pair. 22 ('(23c.
DltKSSKD The murket ruled Mrm under light
offerings, but there was comparatively little
trading, roiiowini? nro ina quotations; i'resn.
killed poultry, dry-packed VowU, 12 to box,
lua. apiece, iav.uK. luwia, ice-pucKeu, in
barrels, fancy, dry-plfked. northern Indiana
nnd Illinois, weigninc i'. yo im. apiece. ioc.
do., southern Indiana und Illinois, weighing -4
lbs. apiece. 21c; smaller sizes, 18u20c ; old
roosters, dry-picked. 13c; broilers, Jersey,
fancy, 40 15c ! do., other nearby, weighing
114 2 lbs. apiece. 38040c; smaller sizes,
333c; ducks, nearby, spring. 10 020c.:
souabs. per doz. White, welgnlns 11M12
lbs. per doz.. ll.uoiPSi white,, weighing
0 U10 lis. per doz.. :i.K3ui4.3U: white, weigh
ing 8 lbs. per doz.. I3W3.40; do., do... 7 lbs.
per doz,, 12.B0W2.73; do... do.. 8B0W. lbs.
per doz.? 1.7ftC2i dark. (1.D0O2; small add
No. ', 30c. Oil. 10,
FRESH FRUITS
The general market was quiet and without
Imnortant cnanse. wuuiw"ia. uuic. vr u
"WriV.'.Ji- t f.l)OJ. ((..Llln t.1Dl, llan Ilavla
..6-i. niKir varieties. 11.30U2.3U: No. 2. 11.26
cil: nrolfS. Western, .per box, 11.2301.73
.V"! -;- htv IM 3(lfffl4 ."i: ttlnHit!es.
tMr
crate Porto Itlco. (1.3003; blackberries, North
Carolina, per ot.. aA?- '"cJil,b.e.r.r'.e8' Ji"
Sf SSilS JlK' redr Pe-r p"t"rSlte. 'eGrrKK
Delaware and Maryland, per lb., fitfltc ; do., do.,
per qt.. UOBe. ; peaches, UeorgU, per carrier.
(1.00M3: cantaloupes, California, .Per crate, 12
3 25; do.. Florida, per crate, (12; water
melons. Florida, per car. (200330.
VEGETABLES
Supplies wre aulto liberal, but'cholee stock
waa In fair request and values generally ruled
steady, as follows; White potatoes, per bbl.
No 1 1 Eastern Shqre, i3.fi0M3,0Oi No. E Bast
ern Shore, I2.23W8.60! culls. Eastern Shore.
SlSOWirTSt No. T Norfolk. (3.23(13.30; No. a
Norfolk; fl.TSOZ.23l culls. Norfolk, fl.2Ssl.S0;
Nc 1 Eastern Hhore, 13.3003.00;' No. 2 Easti
Carolina, (1.3042. Bvveet potatoes. .Jersey, per
basket K'o. 1. 43800c.: No. 2. 2.-iS0ct sweet
potatoes, Jersey. Delaware and Maryland, per
hamper No. J. 73c&(l: No. 2. BU&'Uoc. Onions.
Texas, per cummer crate No. 1, (l.UO1.73:
No 2 " (KSSOLBO. Cabbage. Eastern Shore, per
bbl'.-crate. ll.B0O2.83; do., do., per bbl.. 11.23
1 73. Celery.. Florida, per crate. (1.75(92.23.
Watercress. pc 100 bunches, 11.30W l.'.rt. Beans.
North Carolina. tr 1-3-bbl. basket Wax. Sue.
Will green. 23H30c. Ueans, North Carolina,
5? Hbl. basket. 60c"& 1. a Means. Norfolk,
la. wr crate. iwz. uquain. iNorioiic. per tLl,.
i2tt 'l rfn , iln . nr M.l-thl. riHTTinr AftV Q
If. Corn. Flor da. per crate. (1,f.0i2.0. Cu
cumbers, Norfolk. ,per bbl.. (2 3. Cucumbers,
Norfolk. Pr, H-bbl. basket. il91.29. .Cuuiml
ters. Norfolk, per 1-3-bbl. basket. 76c.i(l.
Cucumbers. North Carolina, per bbl.. (l.Ontfs;
do., da., per basket. OOWiiqc. Tomatoes. Flor
ida per carrier Fancy, (1.2302: choice. 73c. Q
tl Tomatoes. Mississippi, per flat crate. 7Sn
KOc. Asparagus. Jersey, per bunch Fancy. 12 m
Sugar Futures Open Steady
NEW YORK, June 2 1. Sugar futures
opened steady, generally 1 to 3 points
higher on first bids, with sales on the call
gOO tons. Cuban Interests and operators
with trade connections supported the earl
market, -with ths selling: more or less scat J
tcred.
CONDITIONS IN STEEL MARKET OTmT
"5VITH A SMALLER DOMESTIC DEMAM
Foreign Business Continues to Be Placedr-Speculation I
Russian Rail Order Algoma Steel Gets Ex- 1
tensive Orders for Munitions I
dividing tho remainder, each i.ti 'M
42.S00 tons. ' aCl1 lakn (fc
Kxtcnslvo orders for muntii , ffl
been received by tho A1w,n5fc tfl
tlon, Limited, which is contronit'd
I-nko Superior Corporation, Tecoi ttd
dispatch received today from Mrtl."r w 1
wna Paid that while the comn. tWLJU
tltrnlni? out finished shell., T? Itotl
nnd supplylni: tho Manks"ln ii. ,,ttc,tl
ties. An nddltlon Is belm? JV1 mi
Dlnnt nt the Soo, which will h0 " t1
cuttlnB fnctory and will cost fijM.'M
response wan made to this riew.'i?4'. N1
Conditions In tho steel market, accordlnu
to tho best Information obtainable, nro
more nulet than heretofore. Tho demand Is
somewhat smnller from domestic consumers,
nnd, although foreign business Is being
placed right along nnd additional orders
are pending, tho volume Is not ns largo ns
It was during May.
Recessions nro again reported from the
premiums that wcro being naked and ob
tained by some manufacturers n fow months
ago, but tho regular market, which has been
ndhcred to by tho larger companies, has not
been changed In any mntcrlal respect.
There Is much speculation In steel circles
on tho rtusslnti rail order, about which
much has been said recently, but It Is stated
In the trade that the contracts have not
yet been rccolvcd by tho makers.
When the business Is finally placed, It
Is tho general belief that approximately
hatf of the 3S0.000 tons wanted, or 175,000
tons, will bo tnken by tho United States
Steel Corporation, nnd that about 90,000
tons will bo nlveti to tho Bethlehem Steel
Corporntlon, with tho Cambria Steel Com
pany and the Lackawanna Steel Company
response was made to this n,l f0' Nl
Superior stool on tho loca IVxSL hy l
of It being sold. change, rt0a,
Trading on tho Philadelphia st.i. .. '4
change today was of very smsifi.. k E,'.i
Price changes were ltherTZroport,Hl
fraction under tho final of Tc&VF " 1
trio Storage Battery lost I &' Beij
tho first hour, while Lehh wJS d
sagged nearly ns much. endl T.'ntIWi
imr. United Oas improvem "rf, f!" !
changed, as was Tonopah MfiM j
Tea common sold down a point hi". A(aa1
ored tho loss before tho close ' ' rwj
NEW YORK BANK STATEMENT
Average and Actual Loans Decline,
While Reserve Increases
NUJV YOIttC, Juno 24. Tho statement of
condition of tho members of the Now York
Clearing House Association for the week
showed n decrease of $23,378,000 111 nvcrngo
loans nnd a decline ot $24,BG4,O0O In actual.
Dcmnmt deposits also felt In both state
ments. Averngo reserve decreased $24,400,
100, nnd tho actual fell off $10,820,070. De
tails follow:
cU'I.uuno iiousr itr.Mnnns aveuaor
CONDITION.
June 21. Decrease.
Loans, etc $3,21)11.123.000 (23.n7N.IHI0
Iteservo In own vaults 143,1102,000 L'2,820.000
Iteerve In Keileral
Iteserve Hank .... 100,830,000 !, 840.000
Itcservn In other lie- .
posltorlcs 30,711.000 471,000
Net demand deposits 3,2117,014,000 3,7H.M.O((
Net tlmo deposits . . . 17il,72l),i)i)il 710.000
Circulation 31,1133,11011 1(3.00(1
AnarcKnlo reservo. . . 000,173,1)011 24.1H(1.()00
.Surplus reserve .... ln4.471.llo 24,40(1.000
CI.KAIltNO IIOtJHM Mt;.MIIi:itH ACTUAL
CONDITION.
Lonns 3,2sn,7RO,ono $21,301,000
Iteservo In own vaults 410,1)1 1,000 13,(117,000
Iteservo In federal
Iteserve Hank .... 101, 431, 000 1,207,000
Meserve In other de
positories riS,S.12,(l()0 2,000,000
Net demand deposits 3,200, 17.1, 00O 7,H7:t.OO0
Net time deposits .. 17.1.(101.(100 0,(11)1,000
Circulation .11.(133,000 L'o.ooo
AxitreKato reserve... 070,11)7,01)0 14.27S,()iiK
.Surplus reserve .... 100,302, 111) 13,02(1,07(1
NONMn.Miir.n hanks and tiiust com-
1'ANIEa.
Loans nnd Invest
ments $720,301,800 $2,428,200
Gold 011,700,001) 210,3011
Currency nnd bnnk
note 0,013,100 130,200
Total deposits S0!),t)3l,4OU 1, Oil, 300
Increase.
CLEARINGS GAIN 49.6 PER CENT.
All Cities Show Increase, With Phila
delphia Third
Continued expansion Is shown In bank
clearings throughout tho country, tho total
for this week being $4,501,500,055, com
pared with $3,010,137,8.01 In tho .correspond
ing ween ot last year, an increaso ot iy.o
per cent. Philadelphia was third In the
matter of increase. Details follow:
1010. 101.".. I'er cent.
New York.. .$2,103.71)1. 30(1 $1. 400.820,018 33.1)
ltnH(nil
Philadelphia.
Itiiltlmoro ..
Ohlcnuo ....
Ht. Louis...
N. Orleans..
Ml). HOI
1111.171. Il2:i
32.343,1137
'32O,03ll,10H
HTi.HA4.3ll7
21.323,110
110.0IS3.nSH 4-81
12!),448.:I17 47.7
L'4,lill,Z0L
230,000,11)4
(11,388,207
10,332.830
Local Reserve Bank Statement
The condition of the Federal Iteserve nnnk of
Philadelphia at the close of business Juno 23
compares as follows:
ItlSSOUMCES.
Gold coin and certificates
In vault
Gold settlement fund bal
ance Oold redemption fund.,..
LcKal tender notes, sil
ver, eto :
Total reservo
Commercial paper
Ilank acceptances
Total bills discounted
nnd boUEht
United (Hates bonds
Municipal warrants
Totnl Investments ....
Duo from other Federal
servo banks net
Federal reservo notes on
hand
Notes on national banks
nnd other Federal re
serve banks
All other resources
Juno 23.
Juno 10.
$0,037,117 $8,870,237
13,207,000
50.000
180.087
22,803,101
002,300
10,007,071
10,000,372
4,000.01)1)
1,881.101
$5,881,104"
4,314,071
401.830
31,01)0
30,833
12,421,000
30,000
270,138
21.020,3113
784,307
10.01U.UU3
10. 80.1,373
4,O0l),O()O
2,7811.037
$0,780,037
4,770,533
373,035
2.3,830
0,803
Total resources $44,385,432 $14,758,700
LIABILITinS.
Capital paid In
Reserve deposits net
Government deposits .
All other liabilities ..,
Total liabilities ....
$3,210,030 $5,210,030
33,435,837 35 150,252
3,080.701 4,302,317
32.830 100
.$44,385,432 $41,758,780
FOREIGN EXCHANGE
NRW YOltK, June 20. Tho market for
foreign exchango today showed the usual
Saturday dullness. Italian exchango
worked a little lower, whllo Scandinavian
was firmer, presumably on covering of
shorts. Sterling and francs displayed
steadiness. Quotations: Demand sterling,
4.7691; cables, 4.76 7-16; frano cables, 6.90 14 i
checks, 5.9m ; relchsmarks, 71 9-16 nnd
74; llro cables, 6.36y,; checks, 6.3716;
Swiss cables, 6.28; checks, 5.29; Vienna,
12.80 and 12.85; pesetas, 20.20 nnd 20,25;
guilders, llli'nnd 419-10; rubles, 30.60
and 30.05 ; Scandinavian kroner, 28.82 nnd
28.88.
BANK CLEARINGS
Hank clearings today compared with corre
sponding1 day last twu years:
101H. 1013. 1914.
Phlta $30,300,243 $27 805.057 $31,132,303
1)03 loll 32.O40.S15 20.43U,aU3 23,431,707
RATES FOR MONEY
New Tork ..
Philadelphia
Iloston
Chlcak-o . . . .
Call.
:::::&
W4
a
3',i4
Time...
3 4!i
3',i ft 4
4 414
4 j4tt
Reserve Banks' Discount Rates
1
lei
0 or
ess.
iloston a
New York .... 3
l'hlladeltibla .. S
Cleveland .... 3H
lllehmond .... 4
Atlanta 314
Chicago 3Vi
St. Louis 3
Minneapolis ... .
Kansas City .. 3H
Dallas
San Francisco. 3
Asrlcul.
, Over 1)0,
Iloston ., 5
New YorU fi
rmiaaeipma .
Cleveland . . .
Ittcbmond . . .
Atlanta ,....
Chlcaxo ....
St. Louis ....
&llnneaDolls ..
Kansas City ,. 3
Dallas ...'.I: 3
San Francisco, BVi
Commercial paper,
ucipuiA. awan per
lln n 3TLt
over (JO to 00. VA
vcr tcui.
Over 10
up to 3d.
Mi
X
4
4
Over 30 Over 00
up to 00. up to 1)0.
4
4
4
3H
o
0
r,
5
3
1
4
Trada nrpnifinMa
Up to 0 tiU to UU.'
tt p
II 1
r
M
3U
4
4
4
4
4
4
4
4
iw
4
Commodity,
3
4
13
a
3
3H
3H
'. three to six months. Fblla-
over 80 to 60. 4 per cent.:
".- vvui., ana over uu. 0
No Wheat Cargoes Off English Coast
LOKDON, June 21. No wheat cargoes
were reported off coast this mornlnir and
none was awaltinK orders. Other positions
wera easy. No corn was reported oft coast
and none was awaiting orders, other nosl.
tlons were dull Enf,! pwitaT,
kets wera easy.
NEW YORK BUTTER AND EGGS
riwiuiiNLr UN CURB i
OF WAITING Kind
Some Liquidation in Small Vol!
uiuu uuuu uemand at '
Low Lcvnln f4
W YOniC, Juno 24. Trading . '4
Stret Curb was of a wa ?Ltt,J
XI5W
Brond
actnr nil tlirmmh l, l.ni .,.. .'" vnir.
tlve operations restricted as the rem'-l
disposition to uermlt Jr.!?..!. rwlt 1
Stock Kxchnntre tn .r ""3 Pn W
severe losses which we.sTa.nTM
Thero was somn linnM.n . '
volume In stocks like Aetna r.ntnS!-
Cuba Cane Sugar and the CosdeJ , f,'J
nnd 111 those shares lower prices "iH
erally established durlnB the I first hour. ThM
reccsslonn, however, were too small ia IA
reftarded with Importance and In almortiH
cases reflected tho wlndlnB up of a iSffi
movement which has been in pronea SJ
tho last few days, vgtus forj
At moderately low levels stocks wm. (,?
pood demand .and rallies wero easily man?'
but taken nltoRcthcr tho trading M 0
listless character and without slgnlflcaX
I- lcmlsh. Iynn ranged around 6 all throurt'
the two hours of trading, and Mldvale stl
rnnrml nrnimit CJ - n?i
Plinrtl nilthnnil ... n. . -. I''il
United Motors was traded In ii. n, 1:
09 ',2. Thero was continued demand for''
rcuci.ii i-inucc, wiiiun som at 41V ana 4U'(
rl.,i .nl... 1, . ' "'" S.
uiiiiiih oimn Bciici.uiy were quiet Ki
wiiiiuuL pcL'iui cnangc.
m .
nid, au.5
!.. Uli
m
- i 'VS
INDUSTRIALS.
Aetna Explosives
AJax Ituhber Tiro 04U
Amerlcnn-llrltlsh 3Ianufncturlne.. .0
American Marconi at;
Atlantic Gulf & W I ,.62
do prof 57
Cnnmllan Car Co 63
Canadian Cnr A Foundry pref.... 80
Chevrolet MotorB v 216
Cuba Cano Husur G04
Curtlss Aeroplane ii
IlrlKKs-Seahury 125
Klsentohr Tobacco 40
Kmersnn Thonoffrnph I2t$
Klemlsh-I.ynn t,
Hnskell & Darker Car 37
llendi-o .ManufncturlnB 25
Inter Mer Marino 23
do pref 8S
Knthodlon Ilronze pref 24H
.Muxlni Munitions (1
Manhnttan Transfer 1
Mldvalo Steel 02
Ofls Hlevntor ST
I'ccrlcsi Motors 24
Poolo Knit 110
H S Kresgn w I KM
Stnndnrd 3totors ,., 7
Suhmarlno 37
TrlanBjo Film !(
United ProOt Sharlmr 'i
United Motors 6SS
U S I. & U com SS
do pref ,. 6
tVhlte Motors BH
World Film Jj
STANDAUD OIL STOCKS.K.
Illinois 1'iTlM If
Ohio ttif '"
I'rnlrlo Pipe 211 KaiT
S O of California 2 SMf.-
S O of New Jersey BfO . Kl .11
S O of New York 20) Mil '
r4
oa.'ih
OTIIKR OIL 8TOCK8.
Cosden & Co , .
Chalmera Oil ,
International Petroleum
Houston OU
Mldn-est Itcflnlnir
tinpulpa Itennlm;
JHNINO STOCKS.
Atlanta
Itutto Copper and Zlno
llutto N Y
Cero tie Pasco
First Nntlonnl
aoldileM 3lerecr
Hecla Mining
IIowo Sound
Jim Butler
Jumho Kxtenslon
McKlnley llarrash r
Mnamu Copper
Mines Co of America
rtlpissing
Han Toy
Ht. Joseph
West End
Lead
Con ,
IS
DO
73
30
;i
1JH
82
il'l
iJf
.
11a
-5
tat
m
tKi
!
'ill
.'
IE
1S
I
II
til
BONDS.
Cerro 0s
..112 lllf
LOCAL HIINING STOCKS
TONOPAH STOCKS.
Jim nutler
MacNamara
Midway
Mlzpah Extenslun .
Montana ,
Northern Star ....
Tonopah llelmont
Tonopah Extension
Tonopah Mlnlns .
Rescue Kula .'
West Hnd
Did.
.
.03
.50
.34
8.
.JT
QOLDFIELD STOCKS.
Atlanta ,
lilut) Hull ..,
llooth
liulldoc
COD
Comb Frne ,
DiamondOeld II II ...
Daisy
Florence
Ooldlleul Consolidated
Ooldfleld Merser
Jumbo Extension ...,
Kewanas
Oro ,
Sand Kn
silver flclt
MISCELLANEOUS.
Fairy Altec . . . ,
Klmberly ......
Nevada Hill ...
Nevada, Wonder
Tecopa, Mining .
.09
.03
.IS
.01
.03
.01
.02
.03
.40
60
OS
1
.10
,05
,03
,0T
,01
,02
.13
,t;i
I
,1
M
1
.
.
1
-run aif.VKR
In Loudon bar silver was quoted sl-Hj
UUUli UU UUkUfllv u, h . Vftrk H
Commercial bar. sliver "."" ? 'fce. -I
quoted today at OOHc an advance tl fc f I
Charles J. Bender & Co.
INVESTMENT Bonus
Members Philadelphia Stock ExcU"
NORTH AMERICAN B-"g
UIVIHENn NOTICES
MMAT.fe..
411 aiurvet 01.. vr,v:rni.wn NO, 'rf i
PRBKKllBBU. STOCK Dv0iDfcjS,Ul M
Annual DlfldendTf tTnj Tp.' "'j, f,',iflTw
Preferred Stock. PX? ,tii)it 'im I
Stockholders of record t .!, ciowJ, .
June :36.Uo. .jr.TTT'"
unchanafid.
"J tloil steady wiih i,. .
nt t ,, tn ' Z. -TV-
lPll3
cleared Receipts, 12 019
. ..W --UUJjV.
th fancy
Veakrdi
I.MAI, An"KBTlsJiaSii- 1
rrr. ,w. os c"4
irss koticb w jichw" "rru. jrSi
Bth the Booas, ciii' --aat "sa
storage under the tonowiu. -iiilt &&
FM",-Mr.JrVSf
'BED LION stOlWQB. W"-
! nuoia-
- m3mgMZZ3!t
Ctioa:u.sSSg-r
iM24mwF
BL'RNS it "