u EVENING LfiDGER PHILADELPHIA, TUESDAY, JUNE 27, 1916. i. i . i.i n I i ..i i r , i ., . ii i i i... . i 1 , , , i r - " "" fc 'jf9v r ' II I y 1 -.. n.l - ,ff -H. - r- . FINANCIAL NEWS stfcsWl, .,. - . A. ....V.. T Trf-tft1 rf BlOCK OPMKlNGS EASILY ABSORBED AND GAINS RANGE FROM 1 TO 4 POINTS Abrupt Change, in Market Sentiment Surprises Specu lative ElementAttention Diverted to Copper Group, With Advance in Anacbnda on Larger Dividend High Poinle in Today's financial Netva KxfiAHe ffo)n United Statu in May boki all record, reaching a tdttil ifJtt7S,00OfipO. import also at Hew top inark. AHacdHda Cb)ptY and Butte Jwwrtrijr and Milling increased dividends, While Ctntral Ltathlf declared eitlta fff.rto o cowwon. f 10,606,000 in pold aMved in NetO York froth Europe. Philadelphia Company earning for Mag showed up good, ae did Vnidn Pacific a several other roads. Legal steps tottipUted for dlssolutidn of PcnnsgU torn Steel CdMpang. Price of bar silver higher in Ncu York and London. WUHB'Ovtrland stock on tS basis beginning today. . , NEW YOKK, Juno 27. Tho sharp change In market tnood which occurred oyter night 6n tha Stock Bichangs tmma on a surprise to tho speculative element. It hnd been expected thttt adplettd margins would tttUso continued pressure In tho genera list, but tho bffdrlnftti of BtocltB thld mbrnlng w6ro small and the supply was easily absorbed. After tho nrst few minutes tho market broadened nnd developed a strong tone fcml numerous advances, ranging from 1 to more than 4 points, wore recorded. Most importance was at !1rst attached to tho trading In Uhlted States Steel 6mmoh because or tho predicted dividend Increase In JUly and tho current reports about a. powerful syndicate being actlvo In the stock. Later In the day attention tts diverted to tho ciopber stocks, where tho record In regard to Indifference over dividend Increases was broken after the declaration of tho larger dividend on Ahacdhda. That stock, which closed yesterday at 77i, roso to St. Utah Copper m ifc g&iA 6t l ftnd InsDlriUlon "080 more than 1 point, Tho market movements wero lnllucnced to a great extent by tho statements published In tho morning papers of tho program for expending $560,000,000 on naval Construction In tho Coming two years, but speculative sentiment was also influenced by tho comments in tho press over tho Indorsement of tho Itepubllcan Candidate for President by tha Progressives. Thero was a general readjustment of tho speculative position. Many of those who have sold stocks like Heading be caUs of vaguo fears over somo pending collapso wero urgent buyers today and ubstantlal recoveries of recent losses wore mado in many of those Issues. Anaconda Copper Increases Dividend NEW YOHK, Juno 27. Tho Anaconda Copper Milling Company has declared a quarterly dividend of $2 per share on Its stock, placing tho Issue on an $8 per ahnlini basis. Disbursements on tho stock were increased from $4 to a $G basis a share per annum on December 28 last, when a quarterly dividend of $1.50 a Bhife was declared. Tho dividend is payablo August 20 to holders of record July 12. Oxwcld Acetylene Declares '10 Stock Dividend NEW YORk, Juno 27.-Thb Oxweld Acetyleno Company has declared a regular quarterly dividend of 1 per cent, on tho common stock, payable Jtily.l to stock of record JunoB, and a 40 rer cent, stock dlvidond on the common, payable July 20 to stock of record Jtlne 10. Tho company has also authorized the purchase and cancellation of tho $215,000 outstanding preferred stock. North Butte Minintr Dividend Is Boosted NEW YOtlK. Juno 27. The North Butte Mining Company today declared a quarterly dividend of 76 cents a share, nn Increase of 25 cents ovor tho previous declaration. Central Leather Company to Pay Extra Dividend NEW YORK, June 27. Tho Central Leather Company today declared a reg ular quarterly dividend of 1 per cen't. and an extra dividend of 1 por cent, on tho common stock, payablo August 1 to stock of record July 10. With this extra the company has declared dividends of 3 per cent, on tho common stock this year. American Window Glass 12 on Back Dividends PITTSBURGH, Juno 27. Tho American Window Class Machine Company has declared a dividend of 12 per cent., to apply to back dividends. $10,000,000 Gold From Europe NEW;YORK. Juno 27. It Is believed that tho $10,000,000 of gold which arrived today from Europ6 on the steamship Cedric Is Consigned to tho account of J. P. Morgan & Co. It Is understood that there are 300 cases In tho consignment. CURB GETS STRONG AND STOCKS JUMP -v- New York Bond Sales Stutfc Motor Leads in General Advance Which Gomes With Recovery From Depression NEW YORK. June S7. The Curb mar ket today recovered from the depressing Infliienco of the recent liquidation on tha Stock Exchange and developed pronounced strength, with many Issues making substan tial gains. Most Importance was attached to the trading In Stuts Motor, tho Btock which was heavily oversubscribed some time ago, and temporary certificates wero issutd last week. Knowledge of Its earnings, estimated at equal to $8 a share per annum, was an In centive for vigorous buying, on which the price rose from E1H to above 67 early In the forenoon. The strength In this stock had marked Influence on Undine In other motor enures, and was to much extent re sponsible for an advance of more than i points In United Motors. Other motor stocks mads gains ranging from 1 to over 4 points. There was brlik trading also In Mldvale Steel, which Was In demand from the start, advancing from 60 to above 61, with a movement based to a great extent on state ments In regard to heavy expenditures for naval construction In the comlnR two year. Tho oil stocks were Irregular. Metropolitan Petroleum first dropped from 15 4 a new low record, but advanced sharply from that level, and Sinclair OH was In supply at concessions all through the day. Cosden Oil showed a strong tone, making a fractional advance, and Oklahoma producing was firm on like trading. The munition stocks were both active and strong, and there was fairly large trading in Petroleum Bronze and Zinc Concentrat ing Without much change In prices. INDUSTRIALS. lllih. 4000 Albany & Bui SH.. S.V4 JG000O Anrlo-French fl 03 Vi 10HU Amer Smelt Seo ...108U 3()IWAmer Tel clt -Is 01H 10U0U do dvt -His 108 8000 Amer Writ Tap 8s... 77 2000 Armour Co 4tts U3tt lhOHO Atchison Ben 4a MH 8000 Atchl.on adj 4a 8W 1)0000 Atohlson ov At 10B5.. 104 74000 do cr U 1080 104 0000 Atlan Co Mm lit U. D1H .swou AIM, Co Line 4Hs.. 0014 lllUUII Halt Ohtn :l ii'fi! 3.1!i!i!J. 0 B." 3 11101) do cv 4W ".".'. '.'.'.'. 04 SIMM Brook R a' p lua uu ob luin nm mini inoo Brook .is!!iouu suo Huan Term Ulili Ga. . 87 ' -ia iojo.. nui .101) . 08 lo-.'H . 811 .m IH Acma m ,t.i.,,i,..,i,,.,tt. Aatna GiDlsalYta ,. ., ajm nuerur. ni lH es 65U rw; 60 TB. ! 44 123., HVi 37 S3 20tt Ea max SB Katbedlati Drome prat , . 22 JIaijm Munition , 0 rarl,.!',n,:::.:::;v.:::::::elli Old. Asked. Tint it.. . - I w 1L . . um """".',"' ABnnniniii mis . American Marconi .,,,,.,,, , Attantie putt .WI do prat I,.,...,..,...,.,...,.. Canadian Car Comoany Canadian Car and Foundry prat,,. Cnarroiat Motor ,..,.. Cuba Cana fiaa-ar fCurttaa Aeroplane ,,, rlHn-Beaburr .,,...,. mtraon Phonograph , Iwatab-Lyna , Haelull T Barker Car leade Mamifarturlnft International Mercantile Marina Ha ir W 1. W?!9n tia Elavatsr PaarleM Metora 1rQoi9 jvnxiaa T TrlaMJ TlnlSS tDI4M WofM'a i:!":;1!! - nlm ..:.... etsra rpllt Shartn. com Bfet eiora um T o4Jt M2 .13 I8U 65 5 . svt 3 fi! 70 8.1 213 37' 32 128 12W 38 37 23 80 24 if si 1) low 10IIUOI) Can rinv 11 OUI) do 1031 0000 Cnl Oaa 4 HI Be,, limit) Cent I-eath lit oi iouu Cent Pac lat 4a... 4BUUU Chill Copper 7a , . 10000 Chra Ohio cv 4k I'UOI) ilo 4 It a . . on 5888 S6! i .4''?". .. 20QochiojTV'.r4I.".::::17,n -5828 S f Vvn ''i0."' 1087.114 31000 C D 4 Q Joint 4a .... 0o 8000 do pen 41 02 3000 do Iowa 4a oo 83000 Chi Ind 4 W 4a . . . . 78. io'8,88 il PUl' eoW os..lo 20000 do cv Hit 101 200(1 do sen 4Ha .101 21100 CKUP col 4s .... HI -4uwj uu ua uu 1000 Chinese rcta Sa 71H uw v-ii, jvwya oa ........ u, 100U Col Bouth 4Hs 81 3000 Corn Prod Ba 1034.... 08 21100(1 Del A llud tonv 4s . 106 looo uetroit icai ns loio. loiU W Pftrolt United 4Ua .. 80 3000 Dia Sec Corp 3a 70 2300D Krle conv 4a Ber B. . . 72 82000 do conv Ber D .... 8314 1000 do Pa col 4a 80 1000 rireat Kails Power 8a. 100)4 2300 Hud 4 Man rfd Ba. . 73 BOOD Iowa Cent ref 4a ... 67!4 .2000 II Cent at L 3a ., bo 18000 nteru Met 44a ..... U SbUOl) nteru it T ret Ba ., 08H lOOUU Japanese Vja Bli 2uou i. t; t a a. AI 4a ,.73 luou Kaa City So sa .... ouM 4JUUU Kan City- Ter let 4a, bV 13U00 lacka tfteei Be iOSU 53 3U0O l.k an o 4a 102J,. 044 3ouo Uk sn df 4s 1U31.. 04S 1000 Us 4 M r 7a .,..!l23ll luou Uoula A 3,'aili 4a ... Oltt OOUOMInn St I 4a , ., 3og BOuo jjoot Pover 3a,.,.... o7)r 7000 Nat Tube Bs. lU.luoil 0000 N Y Air Hrake cvt Ua 103 62000 N Y U ft Jlud Ua ...U2H JO00 NYC ii 4h.... 8i(i 3000 N Y C & Had cou 4a.. l 2000 N Y City 4a 10jU,.,,100 24000 N Y City 4tfl 1VU0..1U2 4UUO N Y Cliy 4ia 1003., 10oH 100U N Y Uaa If it P 4a., 84 10OU N Y O Jt . P 9a ,.,,10S 0OOO N Y Tel t) 4H..II 0s iouu N Y W (3 U 4Va.. 74 Lonr. Clone. 85 K 85 K 03 H 03 H iouu ionu 01H 01H 108 108 77 77 II3V4 l)3H 02H 1124 84 8I, 104 101 01 00 02 1110 00 m Mb innfi looli 87 87 mi Vi oovi 100 100 1038 iliajj 60 80 127.. 12T B II 107 107 -70H .TO! 114H 114 08 03 18? w. 10 100 II 1II1U 7ft H 80 150UO Nor Pao prior 4a.,,, ii eywu nfor rao jam loou Ura Juort 11 joooo Paclllc Tel 3a, a . . Gooo Pcnns wnct 4.4 a, - oli 101 i nibteto STANDARD OIL STOCKS. .tsa ft 6 of California 245 S8as:5i & . m& raer or a: OTHER OIL STOCKS, Crt ..sis sua 20 H J BO) 13 UINIKQ STOCKS, 1B9 227 "ill 240 C23 SA B 10 17 63 12 S 10 .6 3-)6 s i.i a ! . aaraajeinfi. fv BSE? l SaBaSaaMa 1b,h . . if ' JJaMiBi BjK .7... .If :iiLu ,i tw IIJM :::;::;:: it and Zloo ,,. 4W. H asp!; ::i!:::::i::!: ...B3-1, ::; of 1000 Penna en 4U u., .... . .104(1 BOOO Public Berr N J .... Oljj 6000 at L t d sen ct 4i Ii 16000 Bt L 16000 St 1, B F rid ct at 4a 73U gOOUU BHiiBl'l ct at 4s 71H 8:0 10OI do ap w t -. do In w I j ww aomiri ...... ,, ot 7500 Bt L fc S i'aor Awl 7QH 4000 San A Ar P 1st 4a. 07 ( 0000 at l p k iiva n....ioJ(I 10000 aiLPt tfte 11000 Seaboard A 1. ad) Sa 2000 Seaboard A L Bli 4a. . feOli 4000 boutn Pas 4ll. ., 85 1300O South Paa j& jla. 8J 40000 do cr ret !r to os. . .103V4 7000 South Paa iti is. .. 8US 15000 South Hvy Jita 4s. . 71 B000 da con 3a . . 101, J2O0O Tcnn C ret if .. 101 6000 Texas Co c 8a ... lolli 2000 Third Ave Ldl Sa. . 7041 1000 y s n A n..:.. loau 7(MM) U S Rubber 6a . . . 102! Itjooo u b stael s K s. 11)00 Utah Power Bs ... lOdOO Valan pao let 4... ifboO UnHvr's 8y'4i-'.' Ie53o Ya Hrr 8a $0000 do 1st G . . . '20O West Electric Bs . . 20W WUcon Cent' sen 4a .103 . 03 "OH i3H Hfi in loo 1041 lou laiitl 102U 102U 103 loj 03 05 is 4 Mot) Canadian GoI4 for Local Mint Another shipment of Canadian (old, amuuntlus to $1,100,000, U due to arrive at the. United BtnUs Mint la this city to. rr.urrovir. Up to te preueot tine the total of Canadian jfpld shipped here In tho last fw has rkeh the amount of tff, m.Ht. Atw tho assreitaU yl tu SMMy tiU, W. ml uaa. aafillaailaii ..naaj -a- a ) New York Stock Sales 1 1 , . an .a mmofi 11 m- iritrnini iMiifc.Mif.i I Low. Cloo. v,t HH ar,H 117H 118 Wi IOJj isi 22). 7P 85, B0! MH , , . . Last clone. Illah. Alaska j (lold M B bii MMU Oold MlnM . .,. 1B 20 AllK-Chslmert Mfe 23H 23C AllIJ-OMftbf 79H 79, Alii licet Sfltat 85)i 87)l Afat Cart fill fill, Am Car A Pdy M C0( Art Car A Fdy pf...,,,illO lis Am Hide tc Leather 1)4 Mi Am Hide A Lnf ........ AOH M O) :,2H Am Unseed..., 10H 19i lDj lt))j Am Llnserd rf . 41! 41U -ii!S 4iH Am Locbmollro 0.1U 07 Oo.'i 00H Am Locomotlro pf .102M 103 102 102 Am Smelt & Ilcf, .,..,., niH 01X U1H 02) Am Smelt ft It t)f......s.110 111 111 ill. Am Steel Foundries 40U 40?i 4&U 4ttH Am Suear Hellnlnj ... .110 lOlOf 10SH 109 AmTflATcl 130 130 120' 130 Am Woolen 4i) 4Mt 43 41M Am Woolen pf 07H OrtJi DOM Am Writing- I' pf 22f 22H 22) AW Zinc t, ARm 405. 41H 30H AmZL&Bbf ...03) 05 Ki Anaconda Co M 77f M)' 77U Awoclated Oil,.., 0S' OSli 08( AtchTop&SK I03H 10W KM AtcnTASKpf 101 101 101 Bald Loco Wkj 77 70l Ilslt&Ohlo b7, R8H Halt A Ohio pf 70U 70H llatopllu Minimi IK li( IltookLrn Hap Tr M 8Cl( llruns T ft It It tM .... 8 7U HUtto ft Buperlot 00f 07!( Cl Petmletim I7ii UM cal Petroleum pf 43Ji 4 1 Canadian Paclllc . ...174!. 170 0i I1IH 20 J ASH 12 3oU I)7J Central Leather fifi Chandler Motor lOHJi Che A Ohio flojf Chill Copper 20U Chlno Copper 18! Chicago Great Wcit... . 12) i Chi Great West pf 35U CM Mil A St Paul DO ChiM A SIP pf 129), 130 cm 11 I & l'ac 22! 2.1 Cluott, Tea A Co 72) 72 Col Fuel A iron 30H 42! Consolidated Oas 133H 133 Continental Can 00 90 Corn Products Ilef 13U UH corn proa iter pi 87)5 S0;i Ctuclhlo Steel 73U 77JX au 8V) 70'f IH B.V.( 7 00)f in 44 170 eo 00f 22 i S 40J 05 7I)J OSJj 104 101 77)4 88H 7fl m- 7 00H 10)5 II 170 50 111H 107H 110)5 00 2DU' 48), 12 35)i 00 130 22) 72 30)j 132 1)5 14), 88 73 OOJf 20), 48!i 12 35!i 00), 130 22)j 72 41 132 00 895 75! Cruclblo Steel pf 114H lim U4H 111H Deere A Co pf 01 ucn A HIo Or pr 30 Distill Seo Corp'n 42' i Dome Mines 25M Krlo 34,'i Erie 1st pf 51 00! i BOH 00) J 30)1 2BJ. 29 W 15 43 43)i 25r 25 25 33!f 3-JM 35!f 51 51 51 Oenctal Electric 10-1'f 105M 105 103), General Motors pf 112M 112)i 112)5 112)4 Oranby Consol 85 85 85 85 Grocne-Cananca 34)$ 37)4 .'ll'.j 37 Goodrich B K 73 7-IU 72'i 74) Great Northern pf 110), 120l UWi 120JJ O Ncfs for oro prop.... 3t 3lS M3'i 31 Gulf States Steel 83 H'l'5 St I 80)5 Gulf States 8 2d pf 87'f SI 87)5 Int Agricultural pf 42 12 43), IntHarvNJ 115 ll'i 114!f Int Con Corv t c sh.... Kl'l inti 10H Int Con Corp'n pf 74)j .,1 73 74U IntPaper 12 1! 11), 12 Int Paper pf 50 fi-Jf. 60 57)j InspConCop 47J 49H 47!f 40 Int Nickel v t cfs 45 -If.Jf 45 45f IntMMcofdep 22 23 22 23 IntM M pf cot dcp.... 87)5 88!f Sfl!i h7H JowelTca 78)5 70)5 77)5 71) Kan City Southern 24)5 25)5 25)5 25)5 Kan City South pf 01 01 01 01 Kelly Spring Tire 70 70J5 70 70)5 Kcnnecott Copper....... 4055 47K 40!i 47)5 Lack Steel Co.... 05!f 07!f 00 GO Laclede Gas 105 105)5 10415 101)5 10 70)5 47)5 !10 80)5 55)5 60 03)5 00)f 12H 34) 18 6)5 75 10 123 00 Lako Erie A West.., Lehigh Valley Lee Rubber Tiro .... Lorlllard r Co Maxwell Motors Max Motbrs 2d pf . May Dept Stores Mexican Petroleum.. Mex Petroleum pf. .. Mo Kan A T pf .... Miami Copper Minn A St L pf Minn St P ft 8 8 M Missouri Pacific Mo Pac tr cfs Nat Cloak A Suit.... Ner Con Cop New York Air Ilrako N Y N 11 AH New York Central .. N Y O A West Norfolk A Western.., North American Northern Pacific .... Ontario Silver Mln... Penn Railroad People's Gas Cht .... Philadelphia Co Pitts Coal N J pf.... Pressed 8 Car Co ... Pressed S C Co pf . . . Pullman Co Ry Steel Sp Co , Ray Con Copper .... Reading Reading 2d pf Republic Iron AS... Republic I A S pf..., Seaboard Air Line..., Shat Arli Cop 28 Sloss-Shef 8 A 1 40H 10 77)5 4SM 218 82M 0 00M 05)f IIOM 12)5 34)5 17J5 124)5 125 CM 0)5 10 70)5 47)5 218 79)5 55 CO 9135 00H 12)5 34 U 17 19 77 48 218 81)5 50 COM 02)5 00)5 12)4 3D 17X 125)4 120 OH C!5 74 10)4 OH 0), 75 10H 129 01)4 103)5 27K 131 07)4 0)4 75 10) ( 13115 128 01)4 C0)4 ..103)5 10335 102)5 ... 20 W 27X 20)4 ..1301 131)t 130)5 .. 00)4 07)4 00)4 ..112)f 113H 112)4 113V .. 0)4 0!5 0)5 dii ..67 mii 57)4 SiX ...102 101)4 101)4 101)5 .. 30 30)f 3S; 39)4 ..102 100)4 100)5 100)5 .. 45 40)4 41 40)4 .. 09)4 100)5 09)4 100)5 ..163 103 102)5 162). .. 42H 42)f 41!f 42) .. 21 21)1 21 .. 01)5 0035 04)5 ..45 45 . 45 .. 42!r 43)4 42 ..100)5 107 107 .. 15)4 15)4 15 2S!f 27J5 474 47 South Porto II Sug 230 232 232 Southern. Pacific 00)f 0035 00)4 Southern Ry 21)4 21)4" 21)4 Studebaker Co 135)4 138)5 135 Tcnn Copper 33Jf 31)f 34 Texas Co 179 163 177)1 Third Arenue 65J1" 00H 05)4 Twin City nT 07 07 07 Union Dag ft P pf 33 33 33 Union Pacinc 135U 13034 13535 135)5 Union Faclflc pf 82)4 82)4 82)4 82)4 U S Ind Alcohol 137 141)4 137)4 139)5 USOIPAF 10)4 20 10H 20 United Fruit 150K 158 155 156)4 USRuhber 52 54 52 54 U 8 Steel Corp'n 83 84)4 82)5 83)5 U S Steel Corp'n pf 117)4 117)4 110K 117)5 USSmRAM 04M 00)4 02)4 05) 21H 05)4 45 43)5 107 15)4 28)4 47 232 90)4 21)4 13034 34)5 182 65)4 97 33 Utah Copper . Wabaih.., Wabash pf A Wabash pf D Wells Fargo Kip.... Western Maryland . . West Union Tel West E A M Wheel A Lake Erie. Willys Overland.. ., Willys Overland pf. . Wisconsin Central. .. Woolworth F W.... 75 70)4 75 70)4 ... 13M 13)4 13H 13J4 .. 47 47)4 47 47H .. 20)4 26)4 26)4 26)4 125)4 120)4 120 126)4 .. 27)4 23 27)5 23 .. 03V4 03)4 92)1 03)4 .. 50)( 68)4 5035 57)4 ..4 4)4 4)4 4)4 .278 72)4 69 71)5 ..I00!4 107)4 100)4 107)5 .. 39 30)4 39)5 39)4 134)4 134)( 134)5 134)4 Tax Free Investments Our current Investment List describes, with other desirable securities, Buffalo & Susque hanna Railroad Corporation First Mortgage 4 Bonds, which at the present price yield 5Vi, free of Pennsylvania tax. The circular will be furnished on re quest. Edward B.Smith & Co EsTsausBSD 1801. BANKER atmbers !?u York aits PAliadeliMj Stock Bxehanat till CmsiMOT SiBin, PniUDnmu SO rial BrautT Niv Toik Individuals can finance personal undertakings with out reducing the bank account through the Morris Flan of Loans and Investments. Pav HTMK dft.lnr.' hill . I nrovtinent,, tc thraagb tha Morris B PUn. Kaiy repayments. Kmployers H MK.l UH aj.VVV.MUU ! rtsdy paid oat, MORRIS PUN COMPANY I 1307 Awh St, Of PWla. m RUSSIA TO OFFER FINE CHANCES FOR FOREIGN CAPITAL Her" Own Savings to Be Put in Industrial Enterprises, Especially Railroads mi t i i i ROADS ALSO NECESSARY By YVES GUYOT Bpetlal Cahlt to Kienina Ltdger PAttlB, June 27.--ItU,uilri will olttr ft 0h6 chance for Invoslmenta after tho Vint. Frntice already knows tills Hold, nhd lins many millions Invested there In rallttnys and IndiistrleB which have paid Well. Illis sln's own savltiRit will give her milch of her own money to uso after the war, and these savings will bo Increased Iy tho re form In tho consumption of alcohol, but she will Bllll need money from Outside. Iter first nttpntlon necessarily must he given to the construction of new railways the cost of new railways already planned In Russia nnd Siberia will nasst J006.000.000. After that must come subsidiary railways, cnnrlls, roads and the cnnalkatlon of rivers, agricultural projects, Irrigation, tho manu facture of chemical fertilizers nnd agri cultural Implements, mechanical, electrical and chemical Industries, weaving, paper manufacture, mining nnd tho building of ports Ih fact, all tho Industries of a great modern civilisation. Regions In which particularly good 'op portunities will ho found nrc Siberia, Turk iBtan, the regions of the Steppes and North ern itussla hnd tho Caucasus. The advantages of placing capital In Russia will bo Increased by n scries of legislative reforms, dealing with corpora tions, passports, etc , of which somo nlrcady havo been realized, while others soon will be. Sates in Philaddptiia 1"1, ' " - - - CMt. !.. .A rd.k-i Tr. fall - - lllah 90 Atntr Mllllh.., 6H 10 AM bar k Fdr RA 16 mill J a,..,,,, UK ITfe Cruclbi Stt ... TO'.i 20& l!o Slor...,,. 02 St, Krle ,., s.1tt S Iris Co M Am.,. 21 SO Ky, SecurltlfS., 21 50 do rfcf.i. ... 78, 810 J.hko Hbp .CorrV. iuji JO Mhlnh .Vsl.,.,, 7J 40 fh.Vfll Tr pf., At 82 North Pa 93. S27 Prnna ..,.,.,,, n7H 10 Pa RAlt Mfa. .iitOO 7fl TH f4 si I ! tasia IflU hi phiis-fce .r.r. m Art rhila tratt im.i noadinir ... Si) Tonoh.ih kllnlrt 10 Union Trnrt ... i 1HO Itnlf nam ImM.. uk 4UJ5 US. Sttfl .,,,. S4t ,00 W Crafts 4 8.. 82 H BONUS. u. ei6. oo v crShiti 110 York n ft Nt ehK. M oH .. 6a go t Mk fid't 75 7BH aH t Ol '-l , ssH H U ii at .. j. 02'4 02V4 it 7H 07H H loo 100., .... 40., 40 '.t 2SU SS1 ,,.( .?:: n 7?a m :k ..... P0H !. MJ ,, oil .on ,H ..... 3 in 43 4 H EARNINGS OF PHlLADELPt-IlA C0IiPA: COKTiNUE TO SHOW IMPROtVBMffifi Mav Results Gratifying to Holders of Comnam ties Kentucky Securities, Gommoh and Vm Reach New Top Markd 0,.mrjy 1200? Am O ft B B .soo mm A.i' xr. limn lf.v Tl l, R 4000 Lh Val Kn, 4s ylU nnoo do enna 44s.)no 12000 Pa, a Mil Bt Os lonW luou pnua cq 1st lis ..ifll 3000 Phils El n..,.lo4H 0000 henillnit Ren 4 C.1H 1000 do Term BSlillS,, looo tin rtwy inv n asM Net t,otf. Clotp. chtie, Hu ,8 u - u. loo ., too ..... 10(1 W lrnm H .jot lot ihm io u H s "4 08 U Ih LOCAL MINING STOCKS TONOPAIl STOCKS. Jim nutter VnrNamnra Midway Alip.in Kxlpnslon Montana ,. North Stnr Tonopnh llelmnnt lonnpnii I'.xiriiniuii .... ,,.,,. ,, -i Tonopnn .Mining; ItPDcup tlula , 81 West Knd 03 QOLDFII3LD BTOCKS. Allnnln 10 Illu- Hull "J Hoolh IB tlulldos 01 C O I) , .M Combination Prnrtlon 07 Dlnmondflcld II 02 Daisy 0 Florence ..... i'i lln d n-Id Cnnso dated 8.1 Ooldllfld Meraer . Jumbo Intension Kewunaa Oro .Mnnd Kn Sliver Pick MISCKLIiANHOUS. Fairy Azteu .. . Klmrerl Nevada Hill Nevada Wonder Tecopa Mining . .Condition of li. S. Treasury WASUltfbTON'i June 2t The condition of tho Uhlted Stntes Treasury, according to a stntelnont Isslied today, wad he fdllbwS! Net balance In general fund. $157,728,934 ; total receipts, $70,180,803: total disburse ments, $50,005,610) deficit for year, $414, 70S, exclusive of the Panama Canal and public debt transactions, In London AlUd.. a s-aln (.'otnmerciai nsr York today nt BOe, BAR SILVER bar silver was quoted 1 or ,. today at nuoted In Ncw Woldtrs of Philadelphia Cdmpsny seeUN Itlcs Were gratified at Ills showlnfe ol the coripany-s earnings for the ntohllt bf MftV, the second month of lie n at yf"1;' .i.1.111 .uk ,,i inrlni.. The statemont showed a continuation of the Be"nl,1;J, Irt April, ahd It was pointcu oui ui p! Interested In the property, In .which there Is n larg amount of PhllAdelphlA cahltal Invested, thAl th Inil'iroVemehl Is being con With tho exception of the net Mrhlntfs In tho Street Rallwoy Department increases vere shdtvh Iri All , departments for the thonlh. The decllri Irt the eludings of this deportment was duo to the interruption of traffic for ii few days befhr,6 tho slrlkd was ftettted early In thai month. the tdtal gross earnings In nil depart ments for May were $2,803,860, nn Increase of $286,072, and the net for the month showed n gain of $118,294, ranching a total of $1,004,309, Por the two months the gross amounted to $4,838,214. f Win of $649,312, while the net advanced $398,78.1 to $2 S1B.027. Business was tha largest In tho natural gas department, the gross for the mqth Fenchlng the total of $676,934. which Is $163,136 above the corresponding month of last year. The net earnings were $384,022, a gain of $117,977, wlille for the two months the gross was $1,657,307. a gain of $262,839, and tho n6t was $981,138, nh Increase of J241.960. While trading was not largo on the Phila delphia Slock Exchange today thero was n much better tone than was In cvldeheo throughout tho session yesterday, the Im provement hslng due to tho higher range of prices hnd tho better demand In tho Now York mnrltet. United States Steel common ,wA the most hcllve Issti it,k being dtta If. lar6 Weasu"! x&tXi the dVdend will h in ..inMll ni6Mlngt reports to this eBctV,5r- hW rtVall street, the first InllrrtlllirfVW1 been heard yesterday, ,numill? Wi Blstlrictly Ibcnl Isshei dlo viXi SolnenltertUoh tvnM devoteT li'S , necurmes issues, tba fc6nlttvm J 'rr t Id the nevv high matu o? i'W wv new lop mnrK, nion nor preferred si Is apt lie rtnlv nnn Willadellinla Compahy sold, thiK . .t. iciciicu, wnien one tiolfal half In respohss Id the feood iKSKI' k By nd rH6ans were Ml 6f th m,K". v prices oh tho side of idVancti ffiWA important exceptions to tW"niiiV??9 .cw' Street Is now waiting for tile br5 , report, which will be IMil 1 5' ifS annual meeting on Thursday, it ij l',.1"' that tho earnings for th6 fssl fiUsf rooa, out moso wbo aft lhiiti?I compattV hold thM the aiwS W sent year 111 ba Wh .iw "i ' .t -. .. -.. --s uriiiir, cu lime to time there have beh MbAHi ii? .l6nt both here nnd In New tdt. illiJi .V" Cramp Company was lb be tken tSiuT nil it Mna trnli hntx-LA t t LTW iiulldlhg, which . deellhed S uVip "i1?-1 In the a consolidation with Ohe of the bt iiTA companies, Mldvalo being nrflntfru ., ' itivmiuiiuu 111 wiH Liinnpn nn ..... .... .1.1. ,. !"Y" has come of these renorfa. n,lI"n neadlng showed n. good recovery Ihm the weakness of yesterday. Afc la k casq of Steel common this , J ' principally to the demand from Uiw fort-' but Reading hog n good many friend, u th Is citv a so Avbn hnvii h. Ja.,11 "?.'! ' "" ""-nini It ip. A Good Bond Yielding Over 6 Some of the reasons why we recommend the 6 Gold Bonds of the Mid dle West Utilities Com pany. Due January 1, 1925. They are well se cured by mortgage bonds. They are protected by earnings over two nnd a third times the interfat require ments. Earnings come from reliable and diversi fied sources. Circular No. 400 gives detailed information. iVIlliam P.Bonbright& Co., Inc. MORRIS WISTAR STROUD, Aluimsfr 437 Chestnut St., Philadelphia New York Boston Detroit Ixmdon Tarls William P. Donbrlght & Co. Oonbrlght Co. The Investment Situation is summarized in our July circu lar, and in addition there are One Hundred Offerings that are particularly appropri ate at the present time, compris ing: 8 Government Loans 28 Municipal Bonds 22 Public Utility Bonds 33 Railroad Bonds 9 Industrial Bonds which we will b glad to 'end on Tt quttt tor circular L-18S. A. B. Leach & Co. Investment Securities 1J5 South Fourth Street Philadelphia New York. ., Chicago Buffalo Uoston London, t,n, Baltlmora ELKINS, MORRIS & CO. BANKERS Land Title Building Philadelphia High" Grade Pennsylvania Tax Free Railroad Bonds Equipment and Public Utility Bonds ' 3IEMUER8 NEW YOnK ANH PHILADELPHIA BTOCK EXCHANGES - I-., DIVIDKKI1 NOTICES OITICK OF Tim O. If. OEIST COJ1PANV. PbfladcliiMa. l'a. Tha Directors of Itoanok bSi Lliht Com panjr bavt inls day declarcJ a, Tezular quarterly dlvldsnd 0 Oos andaue-hal flH) pr ecus, 111 SO Mr ahare) on tha prtftrrcd stock; pf aalj Company, rayabla July 1, 1D18, to holdera 01 C. H, WEAK. Swrstarr- DIBECTdK VJW". ACCOyNTANTS ytnuua ruoiia tum.uiiu fiVVurMflt! E. broivn t. hn mfBtttti &t ATb TMbBT BlrilDtNO SUJINS. JPSOIUtAM ver was UP Vie. ItOCl I t . 6 -- '( , Trecl L ; ti Hid. Askfd. If J P'' .nn ,ns j la r, rcto 88 'S ' 'i I t thar :d" M - l ft oo " -'.l.Tssssssss " K, ?h 4 4 MO ' vKr assBBsHfe, r m W V1'5 Rl! KIL 1 . BBBBBBBBBBBBBBBBBBBBBBBBn IsW. K 4 I U;j 1V- a. a9s1iaK(sS . .' ssW, 0C. U 1 JLAW 1 IIH .1111 inSB. a -Tnt-- rfO t. Vjrttli" ..Idtn , S6M V juir oi - SSS J&jfr rW$k ' $ I- Ti 1 1 A e wMm ' YA mm, wmm dlA mmk W$ liH ii . W&S$0k "Sks,$fr Sg? Ami s Jr. a. 1 JBVrfJriJXiW.srrVAXo'' - . &Y u - z m b Wit W&m&FZ? li ' 1 R X ' $r ill v 'if. 'fiyW' ! 1 rrc il I, To, ' Jl.l r Jrc PiJRING the time occupied in the erection of our new building at 1431-33 Chestnut Street the Logan Trust Com pany will occupy tem porary quarters at the southwest corner ot 15th and Chestnut Streets. Vt Logan Trutt Company of Phlladtlphta BuiUliKT About to B Erect td f : pATRONS wil,Lfind every department ready to co-operate with promptness and courtesy. Every convenience will be afforded for the proper transaction of business. These temporary quarters will be occupied on July 17. , Logan Trust Company of Philadelphia Rowland Com!, Pres. William BradvYay Tro nil) tmmkammwmmmv?mMtTvw mi mi fjfJNliil.islliaaaill if.iiL I iiMWriWtiUM
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