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Mw""1 rT , ii i rt, i... ., e- r 1 M i H - m i - ' i r- -i i - - -,..- -
;.. FINANCIAL NEWS
EVENING LEDGER-PHILADULPHIA, THTJKSDAY, JUNE 29, 1916.
HOPES-OF MAINTENANCE OF PEACE
WITH MEXICO BOOST STOCK PRICES
Shorts Join in Stampede to Get Securities,,Back Crowd in
Mexican Petroleum Reaches Large Proportions
and Issue Advances Sharply
V
t NEW YOIIK, Juno 29.
The Street wna surprised this morning' at the news from Washington Indicat
ing: stronger hopes of tnalntcnanco of poace relations with Mexico by the changed
Attitude of Carrahzo. Tho market had been oversold to a high degree by many
trader, both on tho floor and outside of tho Exchange In tlio last two weeks who
thought tljpy had one opportunity to get rich quick by selling Mexican stocks.
Shorts joined In a stampede this morning to get their stocks back. The crowd
f brokers in Mexican Petroleum reached hugo proportions, covering almost a
quartor of the board room floor. Every ono seemed to havo buying orders or
Were urgent as buyers for their own account. Tho stock, which closed yesterday
at 81, advanced on bids of units at a time from 93 to 101, with sales in different
parts of tho crowd at around 100 and 101 at tho samo Instant.
Then a supply appeared, but tho demand was so great that a recession to 97
wma slow. AH around tho room similar mqvements took placo, but other stocks
Hrero not nil as woll matntalnod -as Mexican Potroloum.
Maxwell Motors, which advanced 6& points to 87, fell to 82H. American Car
and foundry, aftor a 2-point advanco to BOH. dropped to E4, and Industrial
Alcohol, which oponed 3 points up at 140, dropped to 137H. Marino preferred
made & gain of 8H to 92, followed by a reaction in tho next few minutes to 89,
and Jleadlng, which mado a gain of 3 points to 98H. yielded to 96 in a short
period.
Tho buying of theso last-named stocks was almost wholly for short account,
and in oomo quarters tho Impression prevailed that the bidding up of prices ot
the op.onlng waa for tho distinct purposo of creating a market on which to sell
long stocks.
Thoi supply which came in, however, was generally woll taken, and at midday
many Issues, including Heading, United States Steel common and Marino preferred,
ranged substantially above yesterday's final prices.
United Verde Mining Pays Initial Dividend
NEW YORK, Juno 29. Tho United Vordo Extension Mining Company has do
dared an initial dividend of 60 cents per sharo on its stock, payablo August 1 to
holders of record July IE. Although tho dividend Is not designated as a quar
terly ono, it Is expected that this rato will bo repeated every three months.
Sinclair Oil Declares Initial Quarterly Dividend
NEW YORK, Juno 29. Tho Sinclair Oil and Refining Company has declared
an initial quarterly, dividend of $1.25, payablo August 10 to stock of record Au
gust 1.
Ten Per Cent. Extra Dividend for New Jersey Zinc
NEW YOIUC, June 29. Tho Now Jersey Zinc Company has declared nn extra
dividend of 10 per cent., payablo August 10 to stock of record August 1. Tho com
pany also has declared tho rogular quarterly dividend of 4 per cent, payablo Au
gust 10 to atock of record August 1.
BUSINESS SMALL ON COTTON
EXCHANGE; PRICES LOWER
Blight Recoveries After the Start Help
a Little Liverpool Sells
NEW YORK, Juno 29. Business was
small on the Cotton Exchango this morn
ing, and prices mado a partial response
to disappointing cables, showing losses of
S to 8 points, tho largest In July. Tho tone,
however, was steady and after tho call
there wero recoveries of 3 to 5 points from
the start.
Liverpool was tho only seller of July, jvlth
ono room operator tho Important seller In
all the other options. Spot houses were
conspicuous buyers, and Wall street In
terests also purchased.
Tho rally from tho opening decline car
ried active months about 2 to 3 points
above last night's closing figures, but gen
erally 'business was very quiet and later
fluctuations were particularly narrow.
The market remained quiet during the
noon hour, but hold steady with new crop
deliveries ruling about 3 to 4 points net
higher. The Norden Report made the aver
ago condition of the crop 80.4 per cent,
compared with 81.1 last month, but failed
to stimulate any fresh business or to create
any fresh sentlmentas to the probable
showing of the Government report on Sat
New York Bond Sales
July ...
Aiurast .
Octobtr .
December
Jsnuary
Virch ..
(far ....
Bpot ...
Yesterday's 11 IS S
close. Open, n.m. m. p.m.
....13.UU J.B.D7 13.U1
....13.14 13.07 13.13
....13.20 13.15 13.20 13.211 13.21
...13.35 18.38 13.34 13.37 13.37
....13.41 13.88 13.41 13.42 13.48
....13.80 1S.B8 18.51) 13.01
... .13.1.0 13.70
.... 13.10
. Liverpool Cotton
LIVERPOOL, Juno 29. Spot cotton to
day was quiet at an advance of 2 points
on the basis of 8.21 for mid-upland. The
ales aggregated 6000 bales, including 4000
bales American. The Imports were 9000
bales, including 2000 bales American. The
market for futures closed quiet at a net
advance of to 1 points.
1240000 Awrlo-French Bs ...1)54
&000 Amer Hide & L OS...103S
6000 do 4s 84U
3100(1 Amer Smelt Hec 0s. .lOBJi
I'OOO Armour Co -ttts .... l34
200(1 Atchison sen 4s .... V2K
500(1 do ndj 4s H4S
70001) do cv 4s ions . ...lU4i
3000 Bait & Ohio 3tt D'Jft
3(1000 do 6s 100W
4000 do 4s Ullft
10300 do cv 4V4s II3M
(131)0 Beth Steel r(J Bs ....101
0000 llrkn llnp Tr lis 1018.10OV4
10000 llrkn Un Klv 1st 0s..l00Vl
30000 Can Gov 4s lUJl llUJi,
30000 do 11)20 Ulltt
25000 do 11)31 100H
0000 Cent Pac 1st 4s .... 811
1OO00 Ches & Ohio 44s ... 8SH
1111000 Chcs & Ohio cv 3s .. 04 H
DO0O Chi & Hast III 0s .. 1)11
1000 Chi In Nwn deb Ss '87.114U.
SOOO do Ben 4s 03
14 00(1 C 11 4 Q Joint 4s ... 08H
800(1 do 111 VA 8414
400(1 Chi Ind & West 4s.. Tllti
l.'iOOU C II t St 1' 4s '23.. 04
2000 do rf(l 4s 1)24
310000 do conv 3s 107ft
43000 do CV 4Mb 1011
4(1000 C II I 1" rfd 4s .. 74?
40000- do fis 02
0000 do clt 4s '07 D7H
1000 Clev Sh l.lno 44 s ..100H
BOOO Corn 1'rod Ss '34 ... Oilti
11000 Cub Am Sue Os ....1024
1000 Den & Jtlo Ur ref Cs. 83
1000 do Imp 3s 8.1
2000 Detroit United .Vis .. rO
17000 DIs Secur Corp Ss .. 70H
1000 trie conv 4s Her D ... 85
10000 do conv 4s Ser H.. 714
1000 do prior 4s 83
000O den rflec deb 8s ....103
C000 Hud & .Man In 3s.... l'u
1000 do rfd Ss 72
3000 ill cent c 4 at I, Os. 1014 :
21000 Interb H T ref Ss,.,. 084
140001) Inter it Mar ct 44s. 104, :
SOOO Japan new a s 44 s.. 804
1000 Kan City Tcr 1st 4s.. 87ft
10000 J.k Sh deb 4s 11)28.... 1)41
sooo i.iir ft m t 7 r-'Ml :
3000 I.orlllard Bs 1014
1000 I-oula Nash cen 6s.. 111ft :
3000 Mich mate Tel Ss....l004 :
2000 Nassau Lllec 4s 73
suuuii natl Tube Bs ...
800(1 N Y C U S 34 s
iJUUII I u i JI US.
tr. ....
034
HKlK
HJ'i
101i
NEW YORK CURB
INDUSTRIALS.
Aetna Explosives
Amerlcan-urltlsb life
American Marconi .
Atlantis Quit ft W V
do pref ....
Canadian Car Co
Canadian Car ft Foundry pref.
Chevrolet Motors
Curtis Aeroplane
prinx-Sesbury
Emerson Pbonoaraph
Vtemlsh-Lynn .....
Ilaslcsll ft Barker Car
Hende Manufacturing
International Mercantile Marine
uo prer.
Kathodinn Bronxo pfd
Maxim Munitions
Manhattan Transit
Mtdril Steel
Otis Klav-Ltop
Peerless Motor .
Poets' Ens ......
B B Kress w 1
Sinclair Oil ....
Htandard Motor
Butunartn JJoat
Htutx Motor ....
United Front Sharing
United Motor
TJ S I, ft H com
ao pro . .
Whit Motor
"World FtUn . .
BTANDAHD
Jlltool ,,..
O of California
' O cut New Jersey
I O of New York
Sid. Asked.
. lOVi Kin
. 10 13
r cos 0?$
. 60(1 004
. tt 70
. 8J 80
,215 220
. 43 SO
.128 132
. 114 124
. 3 0
, 37tt 88U
. 25 27
. 23 23
. 8U Ul
,. 234 "3
UU 04
n3 "374
51,4 SS
jo J?
n-i. .......... a 8
2
DO OUU
Vk IS
OIL. STOCKS.
1S4 1S7
223 223
213
48
B23
SOT
,,,, ,t
....,.,,,..
,,.
............a.......
t,i,,,,..-43
MtMIIMMII "51 .
1000 do retr 4 s
BOOO do con 4s
20000 do 44 s
10000 do 34 resr
8000 N Y City 4s 10 30 ..
2(100 do 44 s lt)U()
BOO do 44 Nov 1037 .
BOOO N Y Oas II ft I 4s. .
looo do Bs
. 03"?
. 81
.100
.102
.1004
. 84 U
KI3Y4
7(ili
B3-4
1134
81
100
102
. 02
,1802
. 2
02
1804
1014 101U
1041 104
38 38
884 8(14
118 08
784 734
(IV
BOOO NVNIUIHl 103(1 70Vi
30000 da 4s 1033 ,., 704
1000 N Y Tel cen 44s ... 08
2000 N Y W C ft 11 44.. 73
200(1 Norf ft West 4s . . . . ,
44000 do cv 10-230 . ...
noon Nor Pao prior 4s...
3000 Ore Short I. ref 4s.
4000 i-acinc Tel ss.. loo
BOOO I'enna cen ct 44....1I'1H
1000 do en 44s 104
13000 Peo ft East In 4a 38
31)00 Itepub Cuba 44 .... 804
BOOO Itep Ir ft StI 3s 1)8
(looo Htl.ia-!- rfd ct sta 4s. 734
loooo do sen ct sta 4s... 00
4000 do Ser A w 1 704
4000 do alt w I 844
10000 do In w 1 fU
17000 Seal. A Iv ad B (Ill 4 0(14 0(1
27300 So Pao ret f p 5s.... 104 103 103
8300 da rfd 4s 80S HoU 80
3000 South Ilwy cen 4s..., 70S 70S 70
12000 South Hoy con Bs,...101H 1014 11
owu -lerm .-.asr, o. u re( IB nil nu
1000 Texas ft Pac 1st Bs... 07 4 07 4
10000 Third Ave ref 4s 82 K!
27000 Third Ave ad Ss 80 4 80 8u4
BOO Toklo 3 77 4 77 4 77 4
2000 U S 8 ft It 0S........11O 110 110
2000 U S Govt 3s 100 KM) 100
SIMM 4s retr 88 88 88
8000 U 8 Steel S F 6a 104 Ti 104 Ti 104 "e
lib
K$
80
S?H
1n(IO Utah Power Ra O.1.
11000 Union Pao 1st 4s 074
luw uu CT a ....a,,.. VI
40000 Un Ilwys S P 4s 82
03
111
31 U
00 I
10000 Va Car Chm 0 .,..,.1004 1004
BOOO Wabash 1st fis 1044 1044
1000 do 2d S ,, 08S 08S
auw uu ..u ua....,.,.
400O West Shore rer 4.
louou .vest union
r 4s,
8H
04 H
HH
U4H
!?
OTIlEIt Oil, STOCKS.
Coalan ft Co , ..
Cbalmer Oil ...
Inter Petrol ....
Houston Oil ....
Mtdarsst IUrtnln
Sapalp IteOnUuc
..e,a,.aa
aa,,,,f.,a
.'v:jt:"!:":i
AtUnta
UININQ STOCKS.
234
IS
8
10.
ff
.... . a . .. . a.aaa a.aa a. 1U
Wutte. Copper and Zlna ,,........ 4
rai-a Am Pa&M . . 24
ytrst National ..a,,..,.,., , 34
ald4W.d Mercer ...a,,.,......... 8
JUcla, Mlnln ...a,,.,.,.,..,,..,. 3
i" Sound It...i,,,,,i' .J
JbB BulUr ..a..,,...,..,,,,,,., 07
! iSxtenalon .,.,.,.,,..,,... TT
r-uarrasa .m,hi,mmm ov
CODDI aa.aaaaa.aaaaaaaaa 14
Co of America .......,...,' 24
J
jmado aCaC&a .
WrSoJ Cotuol
Ctx d Pftco 6m
wwrTjWJ-g H
BONpa.
Ohio s
.103
26
8
104
87
124
u
58
100
79
63
IF
in
1)8
113
Soli
K(ou
RAILROAD EARNINGS
CANADIAK PACIFIC.
IBIS
..IIJ.472.187
. . 4.872.283
itp
JU;M4Ut' mu, 117.3Si.27J la.24S.21!!
V t--. .,-... m9,
fKKAQO,
Increas
$3,210,673
x.usv.si
i.8S0.24I 14.oJS-.ol.:.
&mm
WASA8H RAltWAY.
,. .... .",. Is.OTi.naa
JhUfrpOtM AND OHIO.
tmm
1,838,234
T,3,B13
JT08.244
'707,W
4,BSO,54
e,tn.j
mmm
js mp
NEW YORK COFFEE MARKET
NEW YOIUC June 29. Tho coffee mar
ket was steadier at the opening thla morn
ing. First prices were unchanged to S
points lower under scattered selling by
trada interests, but offerings were well
taken, and before the call was over De
cember contracts had sold up from 7.90 to
7.9S. The stronger tone to the stock mar
ket' and the more favorable turn in Mexi
can affairs, combined with the better tech
nical position, seemed to promote covering.
Today Yesterday
Jun ,, ,.,,.,,,, a
July itiittifnnf
AUgUSt ...a, .,...,....
September mummmm
October ,,,,Mi,
November ,.,..,...... t.,
December mh,imhh
January fa,,-aaa
"February .,,,..,.,,..
March ,..aaaa,,,a.at
April .,..-. ,,..-,, a.
aay .,.,,, ,
Bid.
openln-.
r.es
7.74 97.70
7.80(t7..0
r'aod'f.Vi
7.83
T.'aa'OT.BT
-..Yf
close.
7.80W7.81
7.60.
7.881
7.78C
7.S2
7.87 (
7.i2,
7.S7
8.021
8.071
8.12i
8.1T
17.81
7..U
'7.7a
11.84
'7.88
'7.03
7.a
8.03
'8.00
8.13
18.10
Canadian Exports Increase
OTTAWA, upe. S9, J hayy increai in
exports of manufactured articles during the
months of April and May Is h outstanding
feature of a Canadian trade statement Just
Issued. These exports amounted In Kay to
27.T34,t77, and In the two months of the
lineal year to f 49.30T.C.5, as compared with
116.121.149 In May last year and -J3,34Z,.
807 In tho two-month period.
A ,
SugsjrFuituea Not fn Great Demand
NEW YORK, jun, 2,-fh market for
sugar futures was only moderately active
and trading waa confined to the September
and December positions. Opening prices
went S points higher oa scattered coveriiur
and -oma support from trajfe interesU
Pfotsptad by I lie tightly steadWr tona to the
tBatlt4 -vrhre H was reported Kiat
ntUriaa we not as tree as during yta-
-.
New York Stock Sales
Last 2:80
, close, lllsh. Low. p.m.
AcmeTe.1 Co. ....,,,,.. .. t2 J52 v 62
Acmo Tea Co 1st pf 07K 07M 07H
AJax Itubbcr..., ,. 01)1 6-1 OiH
AUskaJOoldM ., 8 Mi 8H 8
AlMka Hold Mlncj 10K 20H 10H lOH
Alllj-Chalmcri Mfg.,..,. 22J. 25 23 23H
Allls-CMft pf,, 77J 79 7SH 70
Am Beet Sugar 85Jf SW 87M E8
Am Can M, fii. 52)( r,2ii hVi
AmCanpf..., 109( 100W 109X 109!i
AmCarftFdy , C4)j COH fi3. f4f
Am L-oai i'roducU......142 145 145
Am Hide a Leather.,... loi, 10M
Am juae i, nr. ,.,..,. 63M
Am Ice Securities.,,.,,. 23
Am Linseed 10K
Am Locomollvo ...,,,.,, 07)f
Am Malt Cotp'n 7J
Am Malt Corp'n pf ... . 34H
Am Smelt & lief ni)
Am 8melt pf A 02),
Am Steel Foundries 40H
Am Sujat Hcnnlne 109
Am Tel & Tel 130
Am Woolen 45
Am Woolen pf 04
Am Wrltlne P pf 22
Am Zinc h & Sm 40M
Anaconda Cop M .,,,.., 80?
Alch Top & S F 104H
Atch T&SP pf,, 101
All Coast Mno 113
llald Loco Wki 77lt"
Halt &Ohlo B7
Bait & Ohio nf 7nu
uemienem atccl. ....... .440
i'EACE PROSPECTS
MAKE WHEAT WEAK
Report of Broader Demand From
the Continent Fails to Lend
Support to Chicago Market
r ,- tt i
Sales in Philadelphia
53).
28M
10JI
08J
7.
30
05
02H
48).
145
10
28H
mt
075.
7
30
04
021,
4SM
Brooklyn Ilap Tr S5H
Butlo & Superior. ..?.... 00H
Cat Petroleum 10
Cal rctrolcum pf tl
Canadian PaclQa 175
Cenlral Leather rM(
Central Leather tf 112M 111
Chandler Motor 10S5f 112
ChesAOhlo 00. 02
Chill Copper 21 20'f'
Chlno Copper 40H 50U
CM Great West pf 30 35
Chi Mil & 81 Paul nOV. 07
COO&StL 5-1 63
Chi & Northwestern 12SH 120
Chi 11 I & Pac an 'a-iu
Col Fuel & Iron 41H 42
Col & South 1st pf C7H 50
Comp T Hec Co 40Ji 45J,
Continental Can 00 OOJf
Corn Products lief 14;, 1-15,
Corn Prod Kef pf 89). 00
Crucible Steel 75 78W
Cruclblo Steel Df 1I4W nn
Cuban-Am Sucar 227JJ 230
10
61?.
285.
10U
07!(
7
35K
03
02H
4SH
imii iot). looh
130 130 130
45H 45H 45i
04J P4H 04
23 23
41 42
81M 8IH
lOUf 105
101 101
113 113
70W 75H
88, c'SH
"OH 70J1
437 437
23
42H
82)S
105
101
113
80
hOW
70U
437
flRAIN tlET.T WKATIIRR F0RKCA8T.
CHICAOO. Jane. 20. The weather fore
cast .for 30 honrs follsnsi
011 i-nr
SOH 80 80)f
73 OSU 00
10 mi 10
41H 40W 40J.
170 170H 170)
mn com 50M
111 111
110). 111M
otH on.
20J.
50!
30
07
53
129
22
41
50
45K
00
II).
00
75
115
230
20)f
bOH
30
07
53
129
22M
41H
59
45K
09
14
00
75H
115
230
00
05
30
Cuban Cano Sugar OOJX 50),
cuDan uano sugar pr 05!. 05
Den&ItloQrpf 29 30)f 30
Detroit Edison 130 130H 130 130H
Distill Sec Corp'n 43H 47 41 44
Domo Mines 25Jif 20 20 20
E'lo 35U 30Jf 35U 355.
Erlelstpf 51 52 51JX 62
Granhy Consol 85 85 85 85
Grecne-Cananca 38Jf 41M 40 40H
Goodrich B K ;.. 74 74)f 74 74
Great Northern pf 12Wf 120 12051 120M
u N cfs for oro dtod.... ?a'f as
Illinois Cent 1015, 100
Int Agricultural pf
Int Con Cor v t c sh.
Int Paper pf
Insp Con Cop..-
Int Nickel r t cfs....
Int M M c of dep ...
Int M M pf c of dep.
Kan City South pf...
Kelly Spring Tiro....
Kennecott Copper....
Kings Co E L &P..
Lack Steel Co
Lake Erie & West....
Lake Erie & W pf ...
Lehigh Valley
Leo Rubher Tiro
Maxwell Motors SOW
Max Motors 1st pf.
Max Motors 2d pf . ..
Mexican Petroleum...
Mei Petroleum pf . . . .
Minn St P & S S M .
Minn & St Louis
Miami Copper
Montana Power
Montana Power pf . ..
Nat Ennra & S Co ...
Nat Cloak & Suit 75
Nat Lead Co 04)f
New York Air Brako....l20
Nev Con Cop
NIINIU II
New York Central...
NY O& West
Norfolk & Western...
Northern Paclflc ....
Ontario SUrer Mtn...
34H 31M
100 100
52 5055 COM
1755 17H 175i
58 57 57
40J. 495. 495
40 40 40
245f 2Hi 24(f
92 895. 805f
01 01 01
71H 7155 715.
4S55 475. 48
127 127 127
0755 07 07
20 10J. 20
45 44 44
79 78H 78H
48JX 485f 48!f
87 8255 825i
805f 805. 805f
50) 50 605
101 955l! 0551
92 02 02
12055 1205. 120X
5 5 5
355f 35 35
81 80 80
11555 11555 115 115
2355 2355 2355 2355
70 70 70
COU GO) C05f
4255
... 1755
... 57Jf
.. 4055
.. 4555
.. 22J5
.. B8H
a. 01
.. 71 W
.. 4755
..127
.. CO
... 1955
.. 42
.. 77
47K
il!tnniPA?-4!v alnnifv lAntaht n-tit t(.
dor, protmliir preceded br local (hundfr-
torm north thla nflernoon or nlthti not
marh thsntf In Irmpentture.
, ,MIourl (lenernllr ftr topltht nml Tyl
iidTt continued wnrm,
Wronln rrobnblr shower tonliht and
Frld i j 1 thnndrrslorms south.
Mlnnpoln Hhowers lonlnht and and FTl
doi not murli rhnnce In teraperntnre,
lows Intent (hnnderslorms lonlchti FrU
day, trnrllr elomlri not math rhnnito In tm
pernture. North nnd Sonth DnkoU Bhowen lonliht
nnd Frldnrt not mueh chance In tempera
tnre.
Nebrnskn Parity elondr tonl.ht and rrl
dari probnblr nnaetlled east and north to
nlchti not mueh chantn In temperature.
. ICansas (1-nprnlly fair tonight nnd Hrl
oari continued warm.
CHICAGO, June 29. A more favorablo
view of tlio Mexican situation was respon
sible for nelllnc in tho wheat market this
mornlnKjind, nftor stnrtlns; firmer on scat
tering covering, duo to heavy showers In
mo iMortnwcst anu steadiness nt Liverpool,
prices declined below last night's close.
With tho oxceptlon ot tho rain In tho
spring whent torrltory tho weather In tho
remainder of tho bolt was favorable.
July started at $1.01 to $1.00?,, against
tl.OOi at the end yesterday nnd sold down
to Jl.H before tlio end of tho first half
hour; September was quoted nt $1.0. $4 to
$1.04, compared with $1.04 H nt tho close
yesterday and receded to $1.0394. Decem
ber ranged from $1.07 to $1.07 at tho
outset, ngalnst $1,07, yesterday's last
price, nnd fell to $1,06.
A broadfu demand was reported from
tho Continent, where reserves arc not what
they Bhould be. Freight rates from Atlantic,
ports showed further steadiness. Enormous
reserves In exporting countries, however,
are. causing foreigners to hold aloof for
the time, being.
Tho receipt at Minneapolis nnd Duluth
today were 475 cars, against 139 cars a year
ngo; at Chicago, 38 cars, compared with 11
cars; at Winnipeg, 646 cars.
July corn held woll, but other months
were a little easier. Tho weather was
ideal for tho new crop. Tho market at
Liverpool displayed strength,.
Oats wire quiet.
Lending futures ranted as follows:
700 AID Chsl
IS Acmo Tea. t a nt n?
80 llald Loco . . , . 77H
CO Hurt A Bus t e, S3
00 II Ohio S9VI
100 Brio ,, SO
,7 Oen Asph pref. 71
.40 Ins Co N Ami. 87
188 Lh Valley . ... 78
125 Lh val Tran. 21
37 do pref , .,., 4251
7 Jllnehll B0
458 I'enna It R...... 67H
40 rri Co c pf 0 p a 40
07 Phlla . Klec..... 2$K
BIO PUT,- r.(fa . . HI
20U ntaainr 11...,, 117
SO South Ilwy, ...... S2
40 Ton Hlmont. ... 4
000 Ton Mining-.,. 1. 0'
oui union xrae. ... 43
88(1 U Oas Imp 8855
2400 IT 8 Btrel,..,:, 80
mwj.b s.,0. 4oV5
' BONDS.
Ills!
1000 Harwd Klec 0s.l02
High. tow. P.t. ch.
, 2SH 2o5i 28W 254.
OS 5H
is''4 f8i4 m
7054 70V4 M
27 27 it..
7854 78H ih
21 21 54
41T4 42 .....
eon no54 2
07H B7 H
40, 40, .....
28J4 28H ,..,,.
lAfi ID 4- '.
H IYt 7J -
J? 22 22
51 (154 .054
42 48., ....,
n ssa ft
4U 40 54
GRAMP REPORT SHOWS EARNINGS
OF NEARLY 18 PER CENT. FOR YEA!
Compares With 10.6 Per Cent, in Previous 12 MoiiM.1
Is Good Local Market Quiet '
12000 Am O A B Ss.
10000 Elc A Peo Tr 4s 80
2:30 Net
h. Low. p.m. change
??H ?? .....
Ji 80 J4 ,BU1 1
M 102(t 102H
100 100 .....
70 70 . 4-1..
i4 lolVi 101W 54
83.. 83., i
05K S?4 . ....
2000 Leh Val cons
1B0 Nat l'rop 4-ps., 70
2000 1'b Coen 4Hs 101
020O l'hlln lVl.n a). li!
6000 Jtendlnr gen 4s. OfiH
uuu wnm n rtg
Os 1027 .....100K 100V4 100M
LOOAL MINING STOCKS
TONOPX.r nrnnim.
111,1
Jim .Ilulltr , 07
MarNamnra , 00
Midway ., .20
Mlzpah extension ,, , 21
Montana .,, , , 24
Northern filar , 10
Tonopah Ilelmont 4 1-10
Tonopah Extension , 4H
Tonopah Mining (Ui
rtescus Eula , .31
West End 02
aOLDFlCLD STOCK8.
Atlnnta , .10
llluo Hull 03
llooth 10
Ul
:8?
.(ij
sy
Asked
1.00
.08
.22
.22
.20
4U
.OS
As was tho general expectation tho an
nual report of the William Cramp nnd Sons
Ship and Englno JJulldlng Company for tho
fiscal year ending April 30, and which was
given out nt the annual meeting today made
a very good showing as oompnrcu mm uio
previous fiscal year. Tho report showed
comings of 17.8 per cent, on the $6,098,000
capital stock outstanding, against 10.6 per
cent. In the previous year, 13.9 per cent in
1913.14 nnd 6 per cent". In 1912-13.
Tho earnings compare ns follows:
W&JttS:..ti.W&i i..8.tb. u.tfo.832
Depreciation .... 197,878 ....... JlViil
1M u".f:5.i5 on- j
CUf.t I
Fixed ctinrireii
s6s:io.
001,039
rto0!' pSTeSrAnTea on $(1,008,000
itock outstanding, compared with 10.0
. earned In ,th?. rr.vlous fiscal year.
surplus ior year..Ti.uoi,i"J ."v
insurance anu isxcs ueuutiru,
' cent. In 1013-14 nnd 6 per cent,
llulldoc
r; o i
Combination
Dlnmandfteld II II
un
Frnctlon
Wheat-
open.
July.... 1.01
Kant 1.01K
Doe 1.07. 1.07
Corn (now uellvery
High.
1.01
1.04H
TH
July....
BiPl.aaa
Df C. ....
Oats
July.... Kept....
Dec
I.ard
July 12
Sept.... 10.15
nibs
July,... 18.52
Sept.... 13,05
I'orK
40li
07
70
73J4
02
Low.
1.00'S
1.03H
l.Vllti
74W
Is..
02H
Noon.
1.00H
1.04'i
1.07',4
Tes'day's
I
'ork'
July...
Sept...
Illd.
30
88
40
13.02
18.22
13.02
13.03
.24.25
tAsked,
24.32
as
88
30
12.07
13.15
13.47
13.07
24.20
30J4
I18H
40
13.00
13.20
18.30
13.00
24.25
clnflft.
1.00 f.
1.04 'i
1.07H
74H
73U
102M
n&
40
18.00
113.20
13.03
13.02
24.75
24.32
Florence
cloldflold Consolidated
(loldfleld Mnrirar
Jumbo Extension ....
Kowanas
Oro
Hand Ken
suvcr nek. ;;.;.
Fairy Aztoo
loeriy
MISCnLLANEOU8.
Klmb
Nevada Hill
Nevnda Wondor
Tccopa Mining- . .
.02
.40
.82
.08
.7
.10
.04
.04
.07
.01
.02
2 12
.'l2
.11
.04
.10
.02
.00
.09
.04
.04
.42
:tt
.80
.12
.08
.01
.00
.02
.04
.10
2.20
.14
Cotton Seed Crushed
WASHINGTON, Juno 29. Cotton seed
crushed from tho 1916 crop reached 201,069
tons, and 930,469 500-pound bnles of llnters
and 944,114 running bales wero obtained,
the Census Bureau estimated today.
tEqual
cnpuni a
per cent,
18.0 per
In his remarks In tho annual "port
tr.nrv a r.rw. tho nrcsldcnt, says that
"Tho activity In tho construction of vessels,
referred to In our last nnnual report, still
continues. Wo havo unllllcd contracts which
will occupy all our "building wnys" during
tho present year. Should the orderly
progress of our work not bo disturbed by
labor difficulties or failure In delivery of
mntorlal, wo could accept orders for con
struction to begin In tho spring or 1817.
At tho time our contracts wero taken, wo
secured nil the material for tholr fulfilment.
Wo could not, however, protect ourselves
on tho nrlco of labor, which amounts to
hnbout 45 per cent, of tho total cost or a
vcsspl. Any advance in iwwr i
diminishes the profits estimated nt tho tlmo
the shins wero sold.
"Many now shipyards oro being con
structed somo backed by ample capital,
and tholr dovclopmont projected nlong tho
most modern plans. To meet this competi
tion tho reconstruction and modernizing of
your yard will continue to requlro addi
tional sums fo money.
"Up to the present tlmo wo havo under
taken to spend a million nnd a half dollars,
tho material and machinery Involved In this
expenditure having been contracted for last
summer nt very much moro advantageous
prices than could be obtained today. Of
this development wo have already paid out,
ns you will Beo by our report, $853,760.
-Announcement was mado today of the
placing of an issuo of $1,500,000 WlUIam
Cramp & Sons Ship and Englno Building
Company 5 per cent
v.-mipnny o per cent, notes ui.
financial lntit.i..ni-. -i. 5. " Mt.
this as lemnnrnrv nnV'?.?l'' renrdi 4
of tho company's financial .?. u '
ThenotreCten-l
renewal,, it was
or tho company's financial renulr.m..'. TM
nccount nf th in, ..... ?ulrniii . , ?
being handled. VAS ;, 'TA bti,t2 :
"".wmH&S
deposit otlMTMOO B per SuTSSf JiT!
mortgage bonds of the company wM M
In the trensitry. Tho truatee n ', J 1
Present note issuo I. lhe aTrlTf
Nothing other than routine dewi ,
tho nnnual meeting. The annl'1
was read and approved, as were ll'm
mo ouicers nna d rectors. r.. L.11- i-1
arm directors wero reelected. mw,
-..uuing on mo rhlladelphia riv - '
change today showed no chant. 5??
quiet conditions which lSn?'
for some days past w.Ti. b.t'n ."Wi
throughout the financial dlstrlet . re?
better than yesterday "S fflM
woro Irregular. Most of h V?.:....0' . Wtw. f .
tho arbltrago group, with Ur JST if. A
Steel tho leader In this dlvl 01
strong in sympathy with New vn-h -
Art early advanco was scored n !. ;i
.but thta 'loss was'cov'eref ,? fi?
t ,u.' "eaulns gained 2. nilu
and Susquehanna common sola off fS!
to 53, whllo Mlnehlll declined 2 Wi
PHILADELPHIA MARKETS
8SM
. 55
. 01
. 8')M
.120
. 65.
. 34)4
SO
Penn Itallroad
Philadelphia Co...
Pitta Coal Co N J
Pitts Coal N J pf.
Pressed S Car Co .
Hy Steel Sp Co...
Ray Con Copper..
Rcadlne 05 U
itepupuc iron ec a 43,
132Jf 13I1X 131Jf
... lflH 10H llilf 10H
... Ollf G2if fi2!i 02(f
...103H 101M 101 10-1
... 27H 28K 2S5. 281.
...130J4 131H 130,'X 130'.
...112H 113 113 1I3J.
o an 0). OJ.
Republic I & S pf.
Shat Ariz Cop
South Porto R Sue...
Southern Pacific
Southern Ry
Southern Ry pf ,
Standard Milling
Standard Milling pf..
Studebaker Co
Tenn Copper
Texas Co
Third Avenue
Union Ban & Paper..
Union Dae & P pf ...
United Cigar Stores..
Union Pacific
US Ind Alcohol
United Fruit
US Ruhber
US Steel Corp'n
U S Steel Corp'n pf..
USSm R & M
UBSra R &M pf...
Utah Copper
Va-Caro Chem
Wabash
Wabash pf A
Wells Farco Exp
West Union Tel
West E &M
Willys Overland
Willys Overland pf...
Wisconsin Central...,
Wcolwotth F W
Woolwotth F W pf...
... 57K G75i C7H 57i
.. 40 40H 40 40
.. 20 20M 20H 20X
..100)4 101 101 101
..40 48 40U 4Qli
41 -UU. 42)4 4254
21H 22H 22 2254
03 00K OOJf
4U 45 45
Financial Briefs
107. 107M 107J4 107H
... 2SJ. 205. 20H 29J4
...230 230 230 230
... 005 J 08V4 07J4 07H
... 22H 2254 2254 2254
.... 00H OS 07f OS
... 05 97 07 07
...88 S9 HU 89
...13054 13954 1305 1375f
... 34 3454 3454 3454
...18054 ISO 18334 180
... C054 07 COH 6054
... 554 554 654 554
...33 3254 3254 3254
... 9354 05 95 05
...13054 137J4 13054 130)4
...137 14) 135 134
...157 15954 158 158'4
... 5254 53J4 5354 5354
... 8354 SO 85 85
...11754 11754 11754 11754
.. . 00 73 0854 71
... 6054 51 51 51
...70 78 77 7714
.. . H'JH 4U54 40 40
... 1354 1354 1354
... 4754 4854 47J4
...1MH l.'tf 128
... 0254 04 04
...68 5054 59
... 7254 74 7254
...10754 10754 10754 10754
... 4054 4254 42 4254
...13454 13054 13554 13554
...12354 123 123 123
1354
48
128
04
5954
7254
FOREIGN EXCHANGE
NEW YORK, June 29. Tho foreign ex.
change market this morning was dull, with
a steady undertone, Swiss exchange as
well as relchsmarks was slightly easier,
while pesetas were a shade better.
Following are quotations; Demand sterling-.
4.75 ; cables. 4.76 7-16; frano checks,
5.90J4 j cables. 5.90H ; relchsmarks checks,
73; cables, 731-16; lire checkB, 8.37;
cables, 6.37 H . Swiss checks. 5.29 V4 ; cables,
5.2! ; Vienna checks, 12.70; cables, 12,75;
kroner checks, 29,35; cables, 29.55; pesetas
checks, 20,18; cables, 20,30; guilders
checks. 41 7-16; cables. 41 9-16, less 1 1-16;
rubles checks, 30,55, and cables 30.60.
Quotations during the entire morning
and up to the early afternoon showed only
comparatively Bmall changes from the open
ing level. Demand sterling is now quoted
at 4.76 for checks and 4.76 7-16 for
cables. Francs checks. 6.90T4, and cables,
5.90. Relchsmarks checks, 73, and cables
7.3 1-16. The market continues dull with
a steady undertone.
DANK CLEARINGS
Bjrik cJerl,n,t! lar compared with corre-
poodles day Jast two rears!
1010. 1015. '19U
fhlladtlphla .22T.04 134.650,838 $,8,015,887
boston .,.,, M.SbtMlO 33. ,71, lid l,iul.KiO
RATES FOR MQNEY
Call.
15404
mBisssii"::
Boston s
Cblcaso 15404
lis
Creditors of Woelpper & Co. are now
receiving checks for tho first dividend of
33 1-3 per cent, of their claims, payablo
out of the funds In the hands of tho re
ceiver. The Willys-Overland Company reports for
the four rnonths ended April 30: Not earn
ings, all companies, $4,377,799 ; Interest on
floating debt, $184,655, and surplus,
$4,193,144. An additional amount of $1,500,
000 common stock hns boen issued, the
greater amount sold to employes, bringing
tho amount of common outstanding to
$22,500,000.
Tho International Steam Pump Company
reports for tho period from August 26, 1914,
to February 29, 1916, as follows: Oross
trading profits, $4,003,293; expenses $1,887,
716: net trading profit, $2,116,578; balance.
before charges, $2,462,943; Interest charges
and depreciation, $999,352 ; net profits
available for dividends, $1,463,590.
The Nassau Light nnd Power Company
of Nassau County, L. I., N. Y reports an
Increase in gross earnings of $32,786 for the
12 months ended April 30, ns compared with
last year. The net earnings are more than
6 times the Interest charges. The net
earnings have Increased 185 per cent, in
eight years.
The Savage Arms Company reports gross
sales for the 12 months ended December 31,
1915, of $1,037,603, an Increase of $373,528
as compared with the preceding year. Net
profit, after expenses, amounted to $198,312.
It was Inadvertently stated yesterday on
this page that the Baltimore and Ohio Itall
road had declared a semiannual dividend
of 3 per cent, on the common stock, restor
ing that issue to the 6 per cent, per annum
basis. The rate should have been 2 per
cent, and there Is therefore no change from
me rato ruling in 191&.
Otto C. Stelnhauser has purchased the
second New York Cotton Exchango mem
bership of James D. Clews for $13,300.
This represents an"ndvanco of $300 over
the last previous sale.
Gross earnings of $612,111 for May 1, an
lncreo.se of $73,231 over May of last year,
la reported by tho Consolidated Gas, Electrlo
Light and Power Company, of Baltimore.
Net earnings Increased $47,500 to $276,824.
LIVE STOCK QUOTATIONS
CHICAGO. June 20 IjOCIS Itecelpts. 2T.00O.
Market Os. lower. Mlieri and butchers,- 10.B0O
0.83: sood heavy, I0.43O0 85; rouari heavy
10.25 0.40: llsht. $5,250,78; purs, 8.1506l
bulk, S0.B.14J0.83. ' ',lu,'
CATTLE Receipts. SSOO. Market steady.
Beoves. IS 11.30: cows and heifers. $400.33:
stockers and feeders. IS.85&8.B0; Towns. IT.33
0: calves. 10.23 11.78. ' "''
BIIEKP Itecelpts. 11.000. Market steady
Native and Western, 13.3008; lambs, fhtoO
Spot Whent Steady In Liverpool
LIVERPOOL, June 29, Spot wheat was
steady today with blue stem quoted at lis.,
an advance of Id.; No. 2 hard winter, 9a.
6d., unchanged: No. 2 red winter, 9s. 8d.,
an upturn of Id, Corn was strong, with
American mixed quoted at 9s. 6d., un.
cnanged, ana plate at 10a. 2Hd.. a gain
of 2&d. Flour was unchanged at 39s.
GRAIN AND FLOUR
WIIDAT Receipts. 110,100 bush. The mar
ket advanced lc. with modcrnte offerings nnd n
fair domand. Quotations: Car lots. In export
elevator No. 2 red, spot and June, $1.011.02;
No. 2 Southern red, Gtlc. 1: steamer No. 2
red, imwoTc,: No. 3 red. linflWc.s rejected A.
VByi&OuHc; rejected B. 04305c.
COUN Receipts. 3818 bush. Offering" wero
llsht and prices wero lc. higher, but trade was
quiet. Quotations: Car lots for local .trade,
as to location Western No. 2 yellow, BOO
80Wc. : do. steamer yellow, 8383Vic; do. No.
2 yellow, 83 84c; dp. No. 4 yellow, 8081o.
OATS Itecelpts, 21,002 bush. Demand was
fair and prices ruled steady. Quotations; No.
2 white. 4(14 MTr standard white. 45V4 O40c:
No. 8 white. 4443c: No. 4 white. 4014
41Mc: sample oats, 3880c; purlOed oats,
graded. 43M 45c.
FLOUll Receipts. 810 bbls. nnd 202.840
lbs. In sacks. Trade was quiet and prices wero
without important change. Quotations per 100
lbs., In wood: Winter clear. I4.&0O4.7S; do.,
straight. S4.7S0B: do. natent. I.-.B5.M: Kan
sas, clear, cotton sacks. (4. 0004.85; do..
siraigni. cotton sncKs. ,.uui.pa.-o;
..i'OKPn.oo; 1
straight, S3
mtr.nAv.
" " . X a .
liltfflic.
wi.ro In fair reauest and
, OW1S, IDttViUCi ruua.cra, j
ahli-lrana siwnrrilna ,n fllinHf V.
lbs. apiece. 24W30c: whito Ighwns. according
to aualltv. 2KC24C. : ducks, ns to slio and qual
ity. 1410c: DlBcons. old, per pair. 28O80C,
Quotations:
4c: spring
weighing 12
do., patent.
cotton, sacks, IS.2BOff.0il; spring, first clear,
M.uutpo.ir.: do., straight, s.2UiPB.4u: uo., pat-
90.UUIU
15.00
$4.30
ao.,
ent. SB.4303.7B do., favorite brands.
(1 23: city mills, choice nnd fancy patent,
0.25: do., recular a-rades. winter clear.
4.70; do., do., straight, $4.7SOB; do..
patent, f&tpo,,
RYE FLOUR sold slowly at former rates.
We quoto at $003.50 per bbl as to quality.
PROVISIONS
Jobbing trade and. the
Quotations; City beef.
western
There was n fair
maTJia. ruicu aieuujr, wuu.auuuo.
In Beta, amnlcif find alr.tlrlad. l!7e.
beef. In seta, smoked. 27c: city beef, knuckles
and tenders, smoked and air-dried. 28c; West
ern beef, knuckles and tenders, smoked. 28c;
beef hams. $28ctf3Ui pork, family. $23.30(3
27,50; hams. 8. P. cured, loose. IS CJ 18 He: do.,
skinned, loose, 18WlbVic: do., do., smoked,
lUMlOi.c: other hams, smoked, city cured, as
to brand and average. 18ttc; hams, smoked.
Western cured. 18 He; do., bolted, boneless.
.13c; picnic shoulders. 8. P. cured, loose. 12Mc.l
do., smoked. 14 Wc.l bellies. In pickle, according
to average, loose. 10 He: breakfast bacon, as to
brand and aerage. city cured. 21c: do.. West
ern cured. lOWJOc: lard. Western, refined,
tierces, 14!Sc: do., do., tubs. 14 Wo.; do., pure
city, kettla rendered. In tierces, 14 He: do,, do..
In tubs, 14 He.
REFINED SUGARS
The markot waa quiet and unchanged. Quo
tations: I2xtra fine granulated. 7.00c: powdered.
7.7.1c : confectioners' A, 7.05c; joft grades,
0.0007.50c.
DAIRY PRODUCTS
J1UTTER The market ruled steady, but trada
waa quiet and offerings were liberal. Quo
tations: Western solid-packed creamery, fancy
specials, 81V. a; 'extra. 2uH30Hc: extra
nrsts. 28H 20c. firsts. 27028c-; seconds. 20
20Mc: nearby prints, fancy, 33c; average extra,
31(E'32c.: firsts. 28080c: seconds. 2727Uc:
garlicky prints, 20c: Jobbing sales ot fancy
prints. auKrauc.
EQCS Fine eggs were In good request and
rm, Svlth supplies well under control. Quota
tions: In free cases, nearby extras. 2Rc. per
dot.: nearby firsts. $7.33 per standard case;
nearby current receipts, 10,7306.80 per case;
exceptional lots higher: Western extras, 27c.
per dox.: Western extra Arsis, S7,33 per case;
firsts, I0.7SO7.05 per caae: fancy selected can
riled fresh eggs were Jobbing at 8031c. per
dozen.
C1IKKSB The market was quiet and barely
steady with ample offerings. Quotations: New
Tork. full cream, fancy IOOIOhc; do., do.,
fair to good, lBOloHc; part sklraf, 0O14c.
POULTRY
LIVE Fowls were dull and loner.
offerings and a fair demand. Quotations: Fresh
killed poultry, dry-packed Fowls, 12 to box"
dry-picked, fancy selected. 23c: weighing 4H
Wli lbs. apiece. 22Vic: weighing 4 lbs. apiece,
224c: weighing SH lbs. apiece, 21ti e. : weigh
ing 8 lbs. uplcco. 20021c: fowls. Ice-packed, In
barrels, fancy, dry-picked, northern Indiana
and Illinois, weighing 4 lbs. and over aplecey
22c: do., southern Indiana nnd Illinois, welsh
ing 4 lbs. apiece. 21Hc: smaller sizes. 1820c:
old roosters, dry-picked, 15c: broilers. Jersey,
fancy, 4045c; do., other nearby, weighing
1H2 lbs, apiece. 38040c: smaller sizes.
83030c: ducks, nearby, spring. 1020c;
squabs, per doz. White, weighing 11012 lbs.
per doz., tt.OOCSB: white, weighing 110 10 lbs.
per doz., I3.HSO4.S0; white, weighing; 0 ids,
eas
NEW YORK BUTTER AND EGftU
-.Ur. : Receipts. SS ?forZ3SFZ8L
-JJl
".
y
vS.-r-nUTTEIt . Aj. ,.,
higher scoring. '20 30c" 8tat. nS!?' 3
2Sc.: Imitation crcamerv. sn raSoi??", fflt'l
1-aas Not very artlvniir;'I!yt . ...-'
PAji..lnmR"an creamer
,(1(IH Mftf impw an,, ....
ceiois, 22.714. Extra. 2i
81c; browns
l27V,i3.! .
14. Extra. 20O27ci .lYiV. - !l
.; nrsts. 23H24Uc ?,, Ifitlju? I
.. 2828Hc,?ntlxe?Slor?gVj
bar air.vp.p Jhi
BAR SILVER
io&rvtSK aiz: wm wm i tW.
was quoleq (a j
Camm,n-(Bl
York at 03 He
bar silver
on He.
I Stock Exchange
Rules
demand truthfulness In ad
vertising on a plan of dignity j
befitting the world's premier
juurivui. iiiuco, saia Mr.
William' C. Van Antwerp.'
Governor of tho New Tork 1
slock ixcnange. this Has j
uiwuys uoon our policy.
"Wo buy -nnd
your Interest ;
favorlto stocks.
sell only In 1
we hays bo
th
trl
-eill.
luuoi
mil',
"jrorn
' P!'
Ot I
tW
jrffli
,iion
,(
'S
'Hi
8flt
' 6erc
I"
or
'tt
(BIT I
Or
l.5
'Blia
S V
s KortJ;
tin. l
ntd0
"El
It a
per doz.
l-'.ou
dark,
$303.40; do.,
; ao., ao.,
$1.3002;
JU., uu.. lUOa kn:i uua.i
75; do., do., OOOH lbs. per doz., S1.73
.11 anu o. ti. uv
per doz.
IC.O
2:
11.10.
FRESH FRUITS
The market ruled ateady on most descriptions
with demand abzsorblng the moderate offerings
of desirable stock. Quotations: Apples, per bbl.
-Wlnesap, , $3.00
3(t4: ao.
.4; liatawin. tv
Chickens
Bank of France Gains Gold
PAIUS, June 29, Tho weekly statement
of the Bank of France shows an increase
of 6,938,000 francs in gold and a decrease
of 1,649,000 francs In silver.
Eureka,
or is
DIVIDENDS DECLARED
Pipe Una Company, .regular Quarterly
b. parabl. xturuat 1 to stocif if
Una Company, regular quarterly
record July 15.
ncan Mria
per cent, on Its preferred stock, payable
American
of lli oer 1
July 1 to stock of record June 23.
Aetna tuuuojivu company, regular Quarterly
r-A--- . -:- r- .,,.p. , uu, Hr,
Attn
ulr 23 to stock of record July
Northern Pa,
tiuartsrly of It,
stock of record
ffJlIS..iuiJ' Comcay. rsuUr
"""i "'.aBB "" mr prcrerrcd ate
sayaM. Jtwrust I to stock of reesrd W ".
SuppbM-BMdJ Hardware Cojapany quartj
ock.
Bay Btattt Street Railway Com:
SulX r "8t' " "" reXwrft wVabB
DAijy. ninljiii
u.c .r' -TT-
vriifrrH mih
Co.capa.ny aurtrlr
ot?
CantraJ rc2ulslr lenalifintifll dtiH
vf ms
3 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 Bond
9 Industrial Bonds
tehlc) ud iill elai t 4 oa r
Vl or etroiilar 1,1 8 J.
A. B, Leach k Co;
Investment Securities
Wo Offer
Western Ney York &
Pennsylvania R. R.
1st Mortgage 5s, 1937
Yielding 4.55
Tax Free in Penna.
WmiiSH Brothers
088 Chestnut Strut
Philadelphia
! Tien
Davis. CttrfJl rto.. other varieties. Sl.S0lft2.D0:
jno. , n.r, rail: ao., western, per uox, l.ots
1.75: 'do.. Delaware and Marylnnd. oer hamper,
75c.CTl. Lemons, per bar. S3.0OT4.2S. I'lne
apples, per crattvPorto Men. Sl,r0 33. Black
bvrles, N. C. per lt.. OWBc.t do,. Maryland, per
at., 0 (48c. Huckleberries, North Carolina, per
qt.. l-tS'ldc. Gooseberries, per qt., 4C Itasp.
berries, red. per Qt., Oajr.c. Cherries, Delaware
and Maryland, sweet, per lb., 0p8c. do., do.,
sour, per lb., OfflMc. ; do., do., sweet, jper Qt.,
0O8c. : do., do., sour, per qt., 4W5c. Peaches,
Oeorcla, per carrier, J1.B0W3. Cantaloupes.
California, per crate. 11.75411; do., Florida, per
crate, II 01, BO. Watermelons, Florida, per car,
2000300,
VEGETABLES
Itecelpta were quite liberal, but cholee atock
met with fair sale and values generally were
well sustained. Quotations; White potatoes, per
bbl. No. 1 Kastern Shore, 13: No. 2 Eaatern
shore. 11.238H.S0; culls. Eaatern Shore. 11: No.
1 Norfolk. 13: No. 2 Norfolk. fl.29l,00: culls.
Norfolk, ti: No. 1 North Carolina. I2.BOO
2.75: No. 2 North Carolina, II. Sweet potatoes,
Jersey, per basket No. 1. 45tPC0c-.; No. 2, 250
80c. Sweet potatoes. Jersey, Delaware and
Maryland, per hamper No. 1, 70c. Oil: No,
2, OOtfOOc. Cmlons. Texas, per cummer crate
Wo. 1. II. 0001.75; No. 2. I1.25O1.S0. Cabbace.
Eastern Shore, per bbl. -crate. 11.6002; do., do,.
per bbl., II. 2301.00. Celery. Florida, per
crate, tl.7502.25. Watercress, per 100 bunch
es. I1.B0O2.S0. Peppers. Florida, per carrier,
1202.50. Krtplant. Florida, per crate, I1SJ2.
Squash. Norfolk, per bbl.. 1101.25: do., do..
per H-bbl. hamper. SOc.Oll. Corn. Florida, per
crate, ll.2S01.75. Cucumbers, Norfolk, per
bbl., 11.5002; do., do., per H-bbl. basket. 70c.
Oil; do., do., per 1-3-bbI. basket. S07fic7: do..
North Carolina, per bbl,, 11.6002: do., do.,
per-basket. 60 O 60c. Tomatoes. Florida, per
carrier, fancy, 11.2302: do., do., choice. 75c.
II; do., Mississippi per flat crate. DOo.Oll,
Asparasua. Jersey, Tier bunch, fancy. lOOlSc.;
do., do., prime. 8010c: do., do., culls, SOHo.
Mushrooms, per -lb. basket, I1O1.B0.
For seneral Information on
market conditions, call our
Sir. Knoll. Lombard Ills,
Alain 4458. '-
HkKerI'Co.
DANHEH3 A DHOIIEIIS
6th & Chestnut Sts, N. E. Cor.
Member of .Phlla. Stock Sxcbasn
Direct wlr to NaT Tork
J
11$ South Fourth Street
trs&ae-swiUa)
Nsw Torlc .
1Kt
Suffalo
BallUoer
WANTED
PHILA. UNDERLYING'
PASS. RWY. STOCKS
MELLOR & PETRY
Uembera N, Y. A 1'lJla. Btotk Exchatutu
Ut COaBIESCIaU. TBU8T HCIIJIINO
,B,A.
X K. yrnr mt t -. npiM nrm
tr'nrUDUL JCKVIVC
SECURITIES
"Public Service Securities
are linked with the success
of municipalities."
C New England Power Company 1st
Mtrie. 57 Sinking Fund Gold Bond.
Ct Refund Penna. State Tax and free
Normal federal Income Tax.
C, Issued under authority of Mass.
Gas 6? Electric Light Commission.
G, The Company is an important unit
oi the New England Company System,
which constitutes the largest hydro
electric development 'in the United
States east of Niagara Falls.
C, The property now mortgaged
represents an original valuation of
$12,914,000.
C, Price to net 5.10,
Baker Aylirvg Co.
Ltmd Title Bldg'pRHadelphla.
Tax Free Investaenk
Our current Investment list'
describes, with other detlrablo
securities. Buffalo & Euiaue-
hanna Railroad Corporation First
Mortgage 4 Bonds, which' at
the present price- yield JWi, -free
of Pennsylvania tax. Tho
circular will bo furnished on re
quest. Edward B.Smith Si Co ,
EstiBLm.ro USX
BACKERS
lembers Xtto York ana PSttotilfUa
Block Kichangti
1411 CnxiTKcs Burn, PnsatiBnu
SO Flita Snzsr Kiw Teas
Ih
will
the i
tillr
tre
tie
amid
rem
torlc
' ai
tlon
lOu.
'eenc
ot I
win
tore
UI
UU'
wrl
mil
ELKINS, MORRIS & CO,
BANKERS
Land Title- Buildins
Philadelphia
High Grade
Pennsylvania Tax Free
Railroad Bonds
Equipments
and
Public Utility Bonds
MEMBEB8
NEW SORK AND PIUXADELPIUA
STOCK EXCHANGES
INVEST IN MORTGAGES.:
AT U
Recommended by '
ben t:velch :'
J328 Chotnut St ,
- -'" - ' i "
RcAZIERcvGh j
INVESTMENT BANKER!
Broad & Sansom Street
1 met
b r
i? nar
. th
i sro.
DIVIDEND NOTICES
Offlr (
dsy
uu
HABB130N UU08. A CO., INC.
. . . JuiM 28. 1018.
Tt IWrq or Director la custln.r has this
iyrdclra a rijls,r Quartsrly d(U.ud on
" ...(.m.lntr Praf.rp.,1 3n.l, " .liJ .T''
a I Ji -wv - mi)
Com
frelerret
patty, ot ' 0s u turt-qurt per cent,
UV?l'r"4bWtt!Sul'itrfio11'' u lek'
Trsauurtr.
DIBECTOlty Of ACCOUNTANTS
CrtUJ Vutlls Acfsunliia " '
K
ULVTBENCH K. MROWN
Hit. HEAL, ESTATg TBUaT UUtLDIKO
BU1U.3. b BFKHHUAH
Says:
!
Poor Richard
sSriQv
i vr -os ix -.-v i. i
Beware or little ex-
penses; a small leak
will sink a great ship ?
AND preventing leaks permits a man to build a B&$
ship as his business increases. We have been build
. ' ers of business ships and menders of business Jeans
Bince 1858.
Resources, $10,000,000
- UNION NAL
J, sfMcCulloch. , & . . q Loul N. Sp!eUr
jtptt 3d Arch ma. ytm. cwt
4 Gtmrnmreidl Cowenime in o Commercial CmvwV