-PfllLADSliBHIA, SATURDAY; JULY If 19m
L NEWS
-MARKET OPERATIONS ARE ON SMALL
1 SCALE WITH WIDE PRICE MOVEMENTS
Railroads Act Independently of Industrial Specialties,
.With Indications That Former Are Gradually
Coming Into Greater Favor
New twh Stock Sates
hit.
Kt
IiOtr, Close, thee.
High Points in Today's Financial News
New York bank statement showed a decline of $9,924,000 in average
loans and an increase of (13,f 55,000 in actual Average reserves increased
M,099,4Sp and thesactual declined (S0,208J70. Clearings of banks through
out country shojocd increase of 18 J per cent, for week. Sales of stocks on
New York Exchange in June smaller than in May. Commercial failures fewer
n week. New York Central and Pennsylvania Railroad May earnings good.
Curtiss. Aeroplane declared initial dividend.
I NEW YORK, July 1.
The mafket operations In the two hours of business were on a generally
email scale, but there were wide price movements in a number ot Issues, with
the railroads acting altogether Independently of the Industrial specialties. Thero
vfcro many Indications again that railway stoclts are gradually coming Into greater
favor vith the Investment and semi-Investment class. This was shown especially
in Wabash preferred A, which Bold at a new high record, crossing 61, with most
ot the'buylng based on posltlvo statements that the stock will be put on tlioftdlvt
tlend list at tho July meeting. The earnings for tho year ending June 30, while
not In hand for the last month of tho year, can be closoly estimated, and it Is
known will bo In excess of 10 per cent on the preferred A stock.
This ndvanco contrasted with tho weakness In Baldwin Locomotive, which
yielded 3 points to 71 In tho first hour. So far as can be learned tho selling of
Baldwin in tho last fow days has beon chiefly duo to exhausted margins, but tho
Btatoment of tho American Car and Foundry Company, Issued during the week,
( mado many holders fear that Baldwin will bo equally disappointing in its showing
of results from war-order business when its statement is made up. This con
dition is wrong, however, as tho methods of tho two companios in arranging for
their war ordors was directly opposlto.
It was known long beforo tho American Car and Foundry Company statement
was published that tho management had not provided itself with steel at low
levels when contracts wcro taken. Pressed Stool Car, on tho other hand, was well
provided with cheap steel and was said to havo mado hugo profits on its year's
business, and Baldwin Locomotlvo pursued tho samo courso, buying steel when
1 contracts for its product wore mado.
1 It was also said that tho American Locomotlvo Company has mado profits In
tho current year almost equal to tho market value of Its capital stock. No one
eeems to caro now about theso statements of earnings.
Tho room talked a good deal today about tho repression of Ge'rman activities,
and tho traders mado suggestions first which were later turned into predictions
that important nowa, would como from Europe in two weoks. It is useless to say.
that theso traders do not know anything moro about tho European situation than
any ono olso. Mexico played Its part in providing a bear card in tho press com
ments on tho donanco expressed by, Carranza, which formed a basis for new soll-
, lng of Mexican Petroleum. In tho genoral list thero was a good deal of flounder
ing around by tho professional clement, which seemed undecided as to whether to
stand on a short position over Sunday or not.
f .. Curtiss Aeroplane Declares Initial Dividend
BUFFALO, July 1. Tho Curtiss Aeroplane Company has declared an initial
semiannual dividend of 3 per cent, on tho JG.OOO.OOO preferred stock, payable July
15 to stock of record July 1.
Advance Rumely. IB la i
Alaska Hold Mints lfH 1814 IB', IV
AIlls Chalmers ... 24 H tSH TA
do pfd ..,,.. 1K 7S14 ts y.
Alaska J tlld M... a s 8
Am B Sugar..,., C8 V.Vt 0194 V
Am Bank Note.., 3"Hi 80H H4 .....
Am Can ......... 111 t3 B2 J
Am Car & Fdy... St B8H 6H 1
do pfd ..in it: ii? ji
Arner Co.il Prod. .148 148 148 4-8
Am Hide & L pfd. fllU Bin V.
Am Locomotive .1 0:94 01 Ciyt
Am Smelting...., 03 03 OS 1
do pref... itl my, Ui
Am zino. ......... 3ftft sift 33V4
do nref ....... OS ot os .....
Am Woolon .... 44 45 4B lj
do pref. ........ 04ft .04ft 04ft
Anaconda Copper. 81ft 8lU 81 1
Atchison ....... i.103 103 105 4-
do pref ........ 00 08ft 00 .....
At Coast Line... 114 114 114 1
Baldwin Loco ... 74 71 7J 2
Bait and Ohio.... 80 88ft 80 4-.
TlntonllnS lUlnlntr. 1V. lVi
JTcth Steel .,440 440
Brown Shoe Co... 64 S4
Butto & Superior. 67 no-yt
Canada So 08 08
California Bet ... 16 15
do pfd 7........ 40 40
Canadian rao'.t.j 180 170
Chandler Motor .lio 109
Cent Leather .... 80 60
do pfd Ill 111
Chcs & Ohio...... 02 014
CI1I110 Copper .... 00 40
Chi Great W 12 12
C Jt ft St r 08 08
Cont Can .100 loo
4Jr
t
ACTIVITY LACKING
, ON NEW YORK CURB
Holiday and Approach of Vaca-
tions Make Brokers Inactive.
few Selling Is Small
r
.'HlKt
n
NEW YORK, July 1.
Thoro was little feature In tho tradlnc
on Broad street Curb, tho brokers there
displaying summer laziness, which was
naturally duo with tho beginning of the
vacation period on the 1st of July. At
tendance at the oin'ces and on the Street
was merely small, with many operators
and brokers having already arranged for
-a long holiday over tho Fourth of July.
Thero was some liquidation and profit
taking sales, on which prices yielded
moderately, but tho declines wcro without
significance. Stutz Motor, aftpr a moderate
advance, declined about a point, and was
about tho only stock In which any out
uldo Interest was taken. Oil stocks were
neglected and only a few ot tho low-prlco
mining shares were traded In.
INDUSTRIALS.
' ma.
Aetna Explosives , Ill
. .Am-Ilrlt Mrs ., II)
Am Marconi .'Hi
Atlantic Quit & W I KM
do cfil ........; ,, IIOV4
Canadian Car Co flu
Can Car i. Fdy pfd Nil
Chevrolet Motors - Q1.1
;urtiss Aeroplane
xiriegs-Heaoury
New Fork Bond Sales
11000 Atncr Art cv Bs
a.'ttuon Anulo-French B ,
1UOII Aracr Tel clt 4s
,uuu svicniflon Ben la
on
Itlsh. Low. Close.
. 1UJ
hlo 3!io
A
Isenlohr Too
do pfd
Kmerson Phonograph.
J' iemuiil-j,ynn .
?taskell & Darker Car .
llendea We
Inter Mer Marino . . , .
inter Mer Marine pref ,
.athodlon llronzo pref
Maxim Munitions
-imnnnunn Transrer
41
.127
. 8H
. tin
. 37 ,
. 23 '
. 24
. "I
. 3
. M
1
Ildvaje Steel .; (12S
BT
'.'II
103
1(1
7
.IT
08
Otis lllitvntn
peerless Motors . ,
Pools Kror
8. S. Kresfre . . . ,
Standard Motors
Hubmarlno
Htutz Motor
Trlnnele Film ...
tnltea Proflt Sharing
unuca juoiors .
V ii & It com
V S L, ft H pref
White- Motors . . ,
World Film ..,
STANDARD OIL STOCKS,
Illinois . . . . , , 1G0
Ohio ,22"
Prairie ripe 211
Q California 2tfl
y-ew jersey .,.,,B18
!8
Asked,
lilji
".
nil1
mi'
71)
XII
220
CO
ISO
411
I no
;
SH
27
211
1 1 II)
24W
mi
27 i
118
10H
H
311
68'
It IB..., 04?.
I2T4
d -lni ,. 74
, Bs I)7ft
iouth 1st 4s.... 011
05H
qW
n
B7K
2011
Jersey ..
b u new xorK
, ' . OTHER OIL STOCKS
Cosden & Co 23',,
Chalmers Oil 4
Inter Petrol mH
Houston Oil 14
Midwest nef ju....t U7
Capulpa Itet 11
MINING STOCKS,
Atlanta .'.. io
llutte Copper & Zinc n',1
llutts N V. ,, l
Cerro de Pasco.,,,, .' Sit!
First National .., 3U
aoldfleld Merier. ... H
llecla Mlnlnc , BH
Howe Sound 4K
Jim Duller 05
Jumbo Extension .. ,, 77
McKlnley Darrah lift
Slaima Copper 14U
NIpliMng ,......,,,,..,
Han Toy
Ht JoaeDh
weat iind Consolidated
Joseph Irfad
38
14
15K
Cerro da Pasco 6s
Mldvale Steel . ,.,,
BONDS.
.10(1
. OB'i
s8
B7
1R2
2JU
213
210
S21
207
2SM
8
10H
17
UO
12 U
BH
7S
BS
3
in
112
8UV4
'(Kill llnlr K.
1UUUI) do Cs
ouuo do 4a
(I.-00 do rv 4Hs
1000 do Swn JHi ...I.
7000 Doth Steel rfd Es....
in ) llrkn Itp Tr Bs 11I1B.
.1000 llrook Un Oaa 1st Es.
Mono Can Oov 4a lO.'l....
1UOO jIq 1031
4COO do 10JU
BOUO Cal Oas fElcc Ss..
B500 Chill Copper 7s
2000 Ches & Ohio cv 4 54 s.
81000 Chi B & Q Joints Is,
171)00 do gen in.
1 4 Ollll Chi Ind & West 4...
llliioo Ch R I & P Es one sta,
iiimi no col 4S
83UUO do OS.
11100 do rfil
200(1 Clll Hwv
12000 Col & Hmith
1000 Con Uas conv lis
BOUO Del & Hud conv 4s.
2000 do rfd 4
looi) Sen & Hlo Or 4s...
11011 do Bs
"loon Detroit United 4s.
11)00 Krlo conv 4s Ser A..
100O Ft W & Den 1st Bs.
2000 Hud & Man rfd Ba.
1000 Hous & Texas 4s ..
1000 111 Steel ileh 4Us..
2000 Interu Met 4Hs 73
ouuu inieru n x ret us..... us
Cuuoo Inter Mer Mar ct 4Ua.ll)B
JI00O Japin new O 8 44 a. . HI
.tuuu n. u If l BA.A1 va. .
2000 Kan City So Cs
2UO0U Lucka Steel Ss 10SO.
3U00 Lake Shore lien 3 Ha.
10000 Manhattan sta 4s ...
3000 Minn & St I. rfd Bs.
1001) Mn Knn X. T 1ml Am
300(1 do 2d 4s
300O do 68 ...........
1000 Mo Pac 4s .,
soon Mont Power Bs .....
6000 Nassau Eleo 4s....,
4000 Nat Tuba Bs ....I,
300D N Y C L 8 3Via
2000 N Y C t If 3WsT...
40(10 N Y City 4s 1U37 ..
3000 do 4s m.vi ...(
1000 N Y ' N II ft II 4s 1050 71)
4MJUU rt x uwy rer 4s.
S"SH H Y Tel. icon 4Hs
3000 Nor Pao prior 4s . .
2000 Pad Ho Tel Bs
2000 Penna en 4Ha ....
200 Peo & East In 4s ...
11)0 Puh Hurv M .T K
Due from other Federal
1U3 1U3
U.Ji Il.iJ, UAJ4
, . u.i I'.TV u.TV
.... vM 02iJ ii j K
.... iijS uj, aik
. ...looS lnoVi limVk
. iio ooK o?i
. .ri(l or, , V54
. imiW vuy, uoH
.loo). loo'I looli
ion), iooU iimyl
,10(t 10(1 1011
. uoK djs nns
.looH looH lonH
.1(H) . 100 100
. VHV4 tmH uh)4
.12IIU 1211 12UU
, HBK SSU HBH
, 08(4 08 08
. 03.. 02V4 0.1
7nv 70 7(1
Buti r,oT4 nnu
714 744
07 07H
UI7 WI74
121 121 121
10(1 1011 Kill
IHtt 98U U8U
78,, 78., 78
OVA nrl (111
80 80 HO
0(1
lilt
23
33 H
73
DiU
S0V4
43J4
3(1
38
107
40
7494
05
80
105
87 H
40
40
S4K,
OOVi
47 y,
25H
00H
78V4
20
81
02
70W
05
4
410 1
64
07 V V.
B8H .....
1BV4 V
40V4
180 1'
100 2V4
fl
111 I
02 . ....
40
12
88 W
100
22
41
32
14 y.
73 1
115
60
05
30
43
30 V.
38 2
107
40
74 y.
COVERING MAKES
WHEAT STRONGER
Big Demand for July Because of
Small DeliveriesWeather
Is Favorable
c n i & v 22
Col Fuel & Iron.. 41
Col & So 32
Corn Prod 11
Cruclblo Steel ... 74H,
do pref .'......115 115
Cuba Cane Sugar. 00 B0
do pref ........ 05
Den & Hlo Or pref 80
Distill Secur 41
Erlo 30
Fed M & S pfd... 38
Gen Elcc 107
Qrecno Cananca .. 40
Goodrich Co ..... 75
do pfd 113 113 113
Ot Northern pfd.. 120 120 120
at Nor Oro ctfs. . 34 34
Glf State Stl 1st pf 05
do 2d pfd 87
111 Central 105
Internat Pap pref. S7
Inspiration Con .. B0
Int Nickel 40
Int Mer Mar .... 25
do pref 01
Kennecott Cop .. 47
Kan City Southern 25
Lacka Steel 07
Lehigh Vol 78
Lake Erlo & West. 20
Mackay Co 81
May Dcpt Store. 02
Max Motors 81
do 2d pref 50
Mln and St Louis. 4
M St P and S S M.120 120 120
Mexican Petroleum 00 84 05 1
do pref oo oo oo 2
Mo Kan & Tex pfd 12 12 12
Miami Copper .... 33 35 35
Nat Lead pfd 113 113 113
N Y Air Brake... 135 130 130 1
N Y N II & H... 02 01 01
N Y C & St L.... 40 40 40
N Y O & W 27 27 27
Norf & West 131 131 131
North Pacific ....113 113 113
Penna II R 08 57 58
Ray Cons 22 22 22
Heading; 07
St L & S F 2d pfd 0
Southern Pao .... 07
Southern Rwy .... 24
do pfd 70
Studcbaker 137
Tcnnesseo Copper. 33
.Texas Co 100
Third Avenue ... 00
Tol St L & "W. . . . 7Vi
do pref 13
Union Pacific
do pref
84
03 3
80 2
105
57
40
40
24
01
47
25
07
78
20
81
02
70. 2
05
4
CHICAGO, July 1. Operations in tho
wheat market this morning were not Idrce,
but the Undertone xtub firmer. There vrna
covering ot July because the deliveries wero
Smaller than had been expected. They
amounted to 1,600,000 bushels. The weather
was favorable for tho new crop.
Tho exchange at Winnipeg; was closed
today and all tho Important grain markets
In the United States will be closed on that
day na well as on Tuesday.
July opened at $1.01 to $1.01, against
$1.01 at the end yesterday, and advnnced
to $1.02 toward the end of tho first half
Lhouri September ranged from $1,04 to
xl.U4 at llio outset, compared, with tl.04
nt the closo yesterday, nnd moved up to
$1.0511: December started at $1.0794,
against $1.08 at the closo yesterday, and
mocd up to $1.084,
Corn was about steady. Thero were no
deliveries of July here. Tho receipts hern
today wero 234 cars. The market at Liver
pool was dull, with n pause In the demand.
Oats wero quiet. Deliveries hero wcro
1.600,000 bushels. The receipts wero 117
cars.
Loading futures ratified as follows! , ,
. Wheat ,Op;n. Illsh. Ixiw. . Close, cloi
July 1'UlS 1.H3S 1.01., tl.O.l'. l.tilj,
September . 1.0V 1.034 l.niK'l.or. l.oik
December . 1.074 Lost 1.07tl.08H tl.08
Sales in Philadelphia
20 Malawi"! ioeo.
cu nun: iui t o..
BO KIo Cornel,..
8 ben Avti.l pre
ov jr k,j it
zuo jej
40 f1
4 T.iiJ-o
10 LMn
fcu II
0 li A-n... 27., 2
ri Oj.... i(H iM4
t"jr t n o-l.... 0., Bf
thiv? Nav . 7S., 7S
10 L Val Tr pf.. 4! 4i
H!Wfl.h..Hft U
15 Ileal re ....... p'K r
:..;.. kh es
Ftl I
02 U U I .1
220 U B Steel
Tolal le:
an
ITIh. tAV. CTote. elite.
.....
S8
i
8SVj i
(Imrti
II
att wck
8565
ares I
Isiles. 1691 Bhnrs, rompntrn' with
Imt Hnttmfnyi this week, 41,288 sbi
ck, 65,037 shnrts.
Tnr. Closa.
IPiH 101 4 .....
SL'Jt 80)4 .....
iiij mijl 4
KO MATERIAL CHANGE! TJST &WES
coNDrrtONS jdcjiung lst
ttsiti llSLISil. ..... tlHHslll t
Market Continues Quito Strong, Iowevfir With tm
tiono of Some Biff Domestic Oi'derTimJpati Bfe
mont Issues Good Quarterly Report
BONDS.
Illsh,
cl'.A
2000 Elo Pn Tr 4.jrM
$15000 City 4s 1048
.Nt
ciosa. entf,
Corn (now delUcry,
July
Spptembor
December
Oats
juiy
i
7fl;
01
nt;;
asti
40
Heptcmber
December
i.nru
July 13.20
September 13.40
Itlbs
July 13.77
September . 13.87
I'orK
July 2f.42
September . 24.85 21.87
Hid. tAskcd.
75
73
01
3B4
40
02 0l4i
I
J38K
40(4
40V
13 30
13.47
13 SO
13.87
13.IW 13.2 13.17
13.40 M8.40 M3.33
13.77 tl3 80 .13.70
13.85 '13.85 113,8.'
2.".42
24.75 21.B3
2'5.00
21.82
90011 T.h hv r jUs.lfl
20IH1 l.eii VI cs 0 cp.llOii
830 Nor I'r Co 4-0s 70.
8000 l'h Co 1st Ss.loiH
ioo l'nn j-ieo 4s.i..m
8000 Span-Am
miHI ITn ItitT.
6 ooo NNt&i'n im
10
in? .....
84(,4 81H .....
(19'4
lots
HI
102,
lnt
(3
I C,liri'4
to 4s 73K
im 4s 8t(4
Tolsl snles. f3l,100. romnnrnl with .120.100
t tdilurdnri this week, 8207,6001 last week,
: 13.900.
Local Bid and Ashed
Today
Did. Asked
Bun & Busq to ...... cz
do pref ......... 60
Drill, J. O 3.,
llnldwln . .... 71 ',4
Klea BtoraKO ......... O'J
Qcn Asp ............. 83
do pref 70. .
Kc J stone Tel ......... 18J4
do t e 13J4
do pfd it;4
fiko Sup Corp 1014
LK-hlsh Val ,, 7814
Lehigh Val Tr 21.,
im pia
Pennsylvania, ........
l'hlla nicctrlo ......
1'hlla Co
do 0 per cent, pref,
do 0 per cent. pref.
flilta II T tc
icenuinff
Testerday .
1)1(1, Asked.
Ss
40
18Ji
out
4 1
Ton lielmont
'ion Alining n's
Union Troo 42H
i; o r ., 871
U H Bleel 54
York Ilwy in
do pret 37
Wra cramp to 80
4 1-10 4
r,4 ni ni
68 60 68
80 33 30
73 .. ..
(13 02 03
31 3.1 34 ,
70tt 70., 70W
14 inn , n
14 13 14
(18 (18 00
10i 10J4 10?i
7(1 7rJ4 7(1
70., 78 J 711 ,
Mitt 204 2lU
42., 411 42.,
r.7j4 67)4 57 ft
S9U 2SH 294
40 31) 40 J4
30., 38 SB,,
40 U 40 40 14
10.. H . 'O..
DTU 07 U U7U
Ity 4.4 1.1(1
(111 .5 .014
43 4'2Ji 43
88 , 87J4 88
H3J1 834 80..
15)4 15 1T.V4
S7S 37 37(4
82 80 82
PHILADELPHIA MARKETS
white. 4!U 57) 'Itr.
white. 4oSimc,
8
00 00
73
08
ion
n i mi'..
loon mot;
UO'i
73 H
1)8 U
105' J
.104
. 311
. 01U
0000 nep I & S 5s 08U
Kill 'a
::v : "v 2
85 85 85
01 01 111
04 04 01
74K 74 74
40 4(1 4U
70 70 10
4114 4IIT4 41114
08 1)71 II7K
looU loiiC, iiiiiU
75(4 75V4 73M
100 100 100
Inn i,ii -tii
70 . 7B
7ll4 7BJ4 704
UK'; IIHli Iih(.
02 02 02
100(4 100(4 1110(4
: ioi: ii)if
83 80
1U DlU
08U" ofijt
8n4 nnK
77
07U
Kn
7T
07H
80
10014 lootf
Dii 0
87U 87'
103K 103
sail sol
84
!' 7ii4
' 874
Yt 71M
' 101(4
lii
74W
ANOTHER GAIN IN CLEARINGS
Philadelphia stood first In the matter
ot Increased bank clearings for the last
v-eeU? as compared with th corresponding
week of last year, the grain being 23.4 per
cent The total for the city was I4.B6T,
640.005, against S31SlS,89l,re2 last year, In
crease 18,7 per cent. Details follow;
10IB. lfllFI fi r.
1.333,213,018 Sl,0,0Jl,033 -4-1079
140.4(18,(178 141.7lup.l3 ,. 3 3
203.8i'3,7Ra "I '.'.; 1L"), 350 .. S
80.8U1.887 h7.M3.0S7 - C.S
2J4.3IIS.M3 272.II7P.7IO -. M
77,U3,140 0(1,430,730 ..III
10.UU8.518 1020.831 -. 21.4
LOCAL JIINING STOCKS
TONOPAII STOCKS.
nirt
Im Butler ,, ,03
,uu
New rcrk.i:
lioston ...
J'hlUddphla
lUltlmora.,
Chicago
i. iouis. ,
'aw Orleans
IS
10(10 St I. B B" H.f n I fill:
looo St l, awn, 1st 4s 77
8000 Seaboard A. U adj 6s. 07'
COoo do 4s ho1
4301) South Hell (! . ' innl
2000 South Paa 4s ,. 85
uuuu no cv (a B7;
23000 do cv ret f p 5s. ...103
uu,. ut. i.u ta .... ,11
2000 St I. A B.K all w 1.. M
300(1 do Ser A w 1 7u
looo Ra l'ao conv -Is;"II! hv
uuu oouin jiwy gen 4s,... 71
iuuu no con os i . . 101
1000 Tenn C ret 1 & ... " ini
8000 Terns Cn rv tlm lull Int
1000 Third Ave adj 6s..... 80 80
1000 II 8 ltealty 6a...";,'. 08T4 B8H
29000 U S Steel S P 6s" 103 104K
5000 Utah rower 5s ,. ,.., 05 05
17000 Union Tao 1st i,.., OOK uaK
sunn n r 1. -. ""Tm yaj.
11000 Un Rwys 8 F 4s,..,t 31(4 81(4 81
ioimi va uwy ss ..;.,'"" SaS u8?I (is
oooo wabash ist 6s::;:;:;io' ioH ijjs
1000 Wheeling ft I. B 4s" 74H 74!4 74
nnT0,,--.,2e.-, l033??' eomtinrea with $1,500.
Hkia18"2a05ffe' "" W"k- '"'8a,a'w" "
NEW YORK BANK STATEMENT
Average Loans Fall, While Actual
Increase
NEW YOIIK. July 1. The statement of
condition of the members of the New York
Clearing House for the week allowed a de.
cune ot 4,24,uoo in average loans and
an Increase of 11,355,000 in actual aver
age reserves Increased and the actual fell.
Details follow;
AVEItAaB.
............ iD.024.nAn
U S Undi Alcohol. 133
TJ S nubber 54
U S Steel 83i
do pref lnYt
TJ S Smelters 09 U
Utah Sec 18V6
do Copper .... 77
Va Car Chcm.... 40"(l
Wabash 14 V4,
do pref A..',... 51H
do pref B 28
Wheeling & L E.. 4ft
do 2d pfd 7'6
Westlnghouse EIco 67Ts
West Md 20 Mi'
Wells Fargo 128
Wisconsin Cent... 41T4
Willys Overland.. 72
00i 00 1
OJft. OJfi
07 07
24 24
09 70H a4
132 133 3"i
35 35
188 188 i
00 00
7tt IV. V
13 13
..138 137 138 V.
83 8S 82
4.1U, net
-necelpts, 1145 bills, nnd 803.187 lbs.
120 131 ' 2
54 649i
85 85
117 117
08 08
18 18
77 77
39 40 -f-
14 14
49 61 1
27 28
4 4
7 7
67 67
29 20
128 128
41 41
72 72 1
Total sales
700 shares) last .week. 3,230,000 shares,
UK.fiCM alifirfta. MmnnH urlll
188,300 shares last Natiirdnyi this week, 2,733,-
...,,.....,.
MacNamars,
Midway 'Jl
Mlspah Extension .,...,,.,.,. ,20
Montana .,.,.,,,,.,, ,21
Nprth Star ,....,.,., ,10
Tonopah Ilelraont .,...,,,.,. 4',.
Vonopah Ejtenaloa ,,,,.,,,., 5
Vest find ......,;f, .l
aOtOFIEli) STOCKS.
Atlanta ,...,.,,,,,,. .10
Jllua Bull ,,.,.,'..; .03
Jlooth . ..,......,,,.,,1.,,, .IB
4' O D , .,,,,...,. ,0J
Coinblnutlon Fraction ,,,..,. ,07
plamondBeld D Ii. ...,,,..., ,03
Ply , ....., ,01
"Hornc ,.,... .3'J
Oold-leld Conaoildte4 ,.".,. .82
lolailtM Memer ,...,.,,..,. ,OH
.lumbo EUtcnslou ,,,,,,,.,., .77
Ktwanaa .....,.,,.,,,,,,,,. ,16
!';. 'i; '"""""ii""'". 'Si
S7?r m:r:::::::M::r ;
IftSCEUNEQUS..
'i;aOa YooJr .., ",",l.. 240
Asked,
'.08
.811
,23
.23
,211
7.
44
.37
.04
3h
la
.41
.85
,10
.70
:JJ
. .Oil
.09
.03
15
Iiana
a;J!!ianHi;P,-l1, .!..... 6.237,000
Thne deposits ,, ; 1S5 000
Iteseryn ...,..,.,, ,,,., 4,000,430
ACTUAL.
T-idrt?,1f,.-ePO"U " -. 220.000
Tims deposits ,,.,.,.,....,,...,,, S4.830.OOJ
IteserVe ,.,..,,,....,,. 20.208.47u
increase. -
RATES FOR MONEY
' Call.
Philadelphia ".;.;:, ., aS
Ikmton ,,..,.,,..,,.,,,, s
Chicago ,..v..,,,,.,... 3KS4
BAR SILYER
Commercial bar silver to tftw Tork
quoted at 05e. unchansed.
DANK CLEARINGS
Bank clearlnas today compared with
respondlngr day last two years:
mi............ .,..!y-i. ..?... .10J4
PMton '4.70 309 SOM.ISJ ui
DOl
COTTON DROPS QUICKLY
ON GOVERNMENT REPORT
Break of 19 to 20 Points Follows Its
Publication
NEW YORK, July 1. Business was
quiet on the call on the Cotton Kzchange
this morning, thero belnj; only but six
trades, with no transactions In March or
May, The tone, however, was steady
prices being 2 to 3 points higher. Although
Liverpool was closed, there was some buying
believed to bo for foreign account, and one
of the recent aggressive bears was a bidder
for various months. Traders apparently
hesitated, .waiting for the Government
report to be made public.
The Government cotton report proved to
be as big a surprise to the bulls this month,
as it was to tho bears last month, repre
senting about 3.6 Increase In condition over
the June report, and an acreage consider
ably in excess of local anticipations.
Its Immediate effect was a break of 19 to
20 points from the high of the morning, at
tended by heavy unloading and bear press,
ure. At the decline brokers who frequently
act for spot houses bought rather freely,
but thero was a good deal of cotton for sale
and the demand made little Impression on
prices.
As news of the figures spread through the
Street an increase of selling resulted and
prlpea at 11:15 were about 24 points down
from the forenoon high level and IS under
last night's close.
GRAIN AND FLOUR
WHEAT necelpts. 233.085 bush. Tho market
ruled llrm and 1c. higher under n. fnlr demand
nnd stronger outsldo advices. Quotations: Car
lots. In export elevator No. 2 red spot. $1.0J(9
1.0 Ii No. 2 Southern red, l(ftl.lili stenmer No.
2 red mic.l: No. 3 red, 0lip.Q$l: rejected A.
U0V4 007140.: rejected U. O.IOonp.
(JOHN Hecelpts. 11320 bush. Ihe market was
nulct but stendy under moderate offerings. Quo
tations: Car Jots'for local trade, as to location
Western No. 2 yellow, Ml80Hc,t do., steamer
yellow, 85 85 14 c.i do,. No. 3 yellow, 83 81c. I
do.. No. 4 jellow, SOWRlc.
OATS necelpts, 18,000 bush. Prices wero
steadily held, hut there, was llttln trndlnir. Quo
tations: No. 2. white, 4)(4($47c: standard
! No. .1 white. 4464ne.! Na. 4
: samnln oats. 3Sf0'lOe.: nurl-
iicn onin, Krnueu,
1'L.UUll.
In sacks. Trado lias slow and nlues were
largsiy nominal, quotations per luu ids. in
wood: Winter, clear. $ I. HO M 1.7.1: do., straight.
34.7505: patent. 335.25: Kansas, clear, cotton
sacks. $4.33il4,75: do., straight, cottdn sacks,
31.80(35.10: do., patent, cotton sacks, $5.11
5.40: sprlnir. first clear. 34.80(35,10: do.,
straight, I5.206.40: do., patent. 5.5006.75;
do., favorite brands, 35,00 wa.SS: city -mills,
choice nnd fancy patent. $5,000(1.25: do., regu
lar grades, winter clear, 44.50(94. 76: do,,
straight. $1.7506: do., patent. $505.1'5.
IIY12 rr.OUn was aulet nnd unchanged. Wo
Quote at JjOB.BO-pcr bbl,, as to quality,
PROVISIONS
There was llttla trading, but values were
firmly maintained. Quotations: City beef. In
sets, smoked and nlr-drled. -7c: Western beef.
In sets, smoked, 27c: city beef, knuckles and
tenders, smoked nnd nlr-drled. 2sc.; Western
beef, knuckles and tenders, smoked. 28c: beef
hams. $28030: pork, family. $23.50027.50;
hams. S. I. cured, loose. 1801SUc: do., skin
nedj loose, 18018Uc: do., do., smoked, 100
105ic; other hnms, smoked, city cured, as to
brand and avernee, 18Hc: hams, smoked. West
ern cured, 18Hc: do., boiled, boneless. 33c. Pic
nic shoulders, 3. 1'. cured, loose, l.'ttc: do.,
smoked. 14V4c: bellies. In pickle, accordlnc to
average, loose lOUc: breakfast bacon, as to
brand and average, city cured. 21c; do.. West
ern cured. 10(?v20c.: lard. Western, renned.
tierces, 14 He: do., do., tubs. 14Uo.i do., pure
city, kettle rendered. In tierces, 14V4C.I do., do.,
In tubs, 1155c.
REFINED SUGARS
The market was quiet but steady. Quota
tions: lxtra fins granulated, 7.03c; powdered.
7.75c; confectioners' 'A, 7.53c; soft grades,
0.0007.60c
DAIRY PRODUCTS
DUTTEn Surolles of deslrablo stock wero
kept under pretty fair control, but wholesale
trade, as usual on Saturday, was quiet. Quota
tions: Western solid-packed creamery, fancy,
specials, 31H.: extra, 2014 O30t4c; extra firsts,
28V4 ri20c: firsts. 270280.; seconds. 2ilQ2U(4c:
nearby prints, fancy. 33c: nverago extra. 310
32c: firsts. l'8O30c; seconds, 2702754c: gar
licky prints, 20c; Jobbing sales of fancy prints,
30fU3nc
Haas Thero was a fair demand for desirable
stock nnd values wcro firmly mnlntatned. Quota
tions: In free cases, nearby extras, 26c. per doz.;
nearby firsts, $7.83 per standard case; nearby
current receipts. $0.7300.00 per case: excep
tional lots higher; Western extras, 27c per
doz.: Western extra firsts. $7.33 per case: firsts,
$0.7307.05 per case: fancy selected candled
fresh eggs wero Jobbing at 30O31c per dozen.
CHEESE Tho market was quiet and weak,
with moderate but ample offerings Quotations;
New York, full crenm fancy. 13 OlOc-.- do.,
do., fair to good, 1301354 c. I part skims, 0014c.
POULTRY
LIVE There was little trading, but offer
ings were moderate and values were steadily
held. Quotations: Fowls. 1854 010c: roosters.
13014c: spring chickens, nccnrdlng to quality,
weighing 103 lbs. apiece. 24030c; white leg
horns accordln-r to quality, 21024c: ducks, as
lng 4 lbs. apiece. 21U
old roosters, dry-picked.
fancy
smaller sizes. 18020c:
inc.! hrollers. Jersey.
other nearby, weighing
cv. 40G4nc.: iln.
154 12 lbs. nnlece. 3Sfs40c: smaller sizes.
33030c: ducks, nearby, spring, 1ft 020c:
squabs, per doz White, weighing 11012 lbs.
per doz., $4.0005; white, weighing 0010 lbs.
per doz., $1.8504,60; white, weighing 8 lbs.
per uoz., liivps, in; uo., uo.. 7 lbs. per noz
'-r uo.., .(jvyo, in, uu., uu,. lug. per iu. ,
:2 6002.75; do., do.. 00054 lbs, per doz,, $1.76
CD!! dark, ll.r.nfidj! nmnll nnd Nn. '1. fin,- 6t
FRESH FRUITS
Demand was only moderate, but values gen
erally ruled steady on cholco stock. Quotations;
WJ'""'..!""' fabl. Wlncsap. 13.5004: Baldwin,
$405: Den Davis, $304: otner varieties. $1,600
- ".'It !!".' $1.2302: apples. Western, per box.
$1.2501.75: apples, Delawaro and Maryland, per
hamper. 75c.0$l: lemons, per box. $.1.5004 25:
fiiivupien. per crate. 1'orto itico. si.&iiQra:
ilackbcrrles. Nor Carolina, per qt., 0010c:
do., Maryland, per qt.. 11010c.; huckleberries'.
North Carolina, per qt., 14010c: gooseberries,
per qt.. 4c: rnspberrles, red. per pt.. 306c:
cherries, Delaware and Maryland, sweet, per
lb., 608c: do., do., sour, per lb.. 304c: do.,
dp,, sweet, per qt., 008c: do., do., sour, per
St.. 405c: plums. Georgia, per crate, 60c.
1.75: peaches, Georgia, per carrier Uelfe. $2.50
03; Carmen, $1.7502 25: Early (orila, $1.75
02.25! Arp Beauty. $1.7502.25: Dlxlo Queen.
!:,S3S!Ifl! cantaloupts. California, per crate,
$1.6001,70: do., riorlda. per crate, $101.60;
watermelons. Florida, per car, $2000300.
VEGETABLES
Supplies wcro fairly liberal and the general
market was quiet nnd without important change.
The quotations follow: White potatoes, per
bbl. No 1 Eastern Shore, $3: No. 2 Eastern
Shore. $1.23,01.50: culls. Eastern Shore. $1;
No. 1 Norfolk. $3: No, 2 Norfolk. $1.2501. r,o
culls. Norfolk, $1: No. 1 North Carolina. 12.60J
2.75: No. 2 North Carolina, $1: sweet potatoes.
Jersey, per basket No. 1, 45000c: No. 2,
25080c: sweet potatoes, Jersey, Delaware and
Maryland, per hamper No. 1. 75c.0$l; No. 2,
5001100.: onions, Texas, per cunnner crate
No. 1. $1.0001.75: No. 2. $1.2501.60: cabbage.
1'astern Shore, per bbl. -crate. $1.5002; do.,
do., per hhL, $1.2301.80: celery. Florida, per
crate, $1.7502.25: watercress, per 100 bunches,
$1.5002.60: peppers. Florida, per carrier. $20
2.60; eggplant. Florida, perorate, $102: squash,
Norfolk, per bbl., $101.25; do., do., per 54-bbl!
hamper. 6Oc0$l: corn, Florida, per crate. $1.25
01.76: cucumbers. Norfolk, per bbl., $1,500
1.75: cucumbers, Norfolk, per 54-bbl. basket,
76c. 0$1: oucumbers. Norfolk, per 1-3-bbl. bas
ket. 60075a: cucumbers. North Carolina, per
bbl.. $1.2501.50; do., do., per basket. 6O0noc:
tomatoes. Florida, per carrier Fancy, $1.2502;
cholco. 75c 0$1; tomatoes. Mississippi, per flat
rratc. OOc.0$l: asparagus, Jersey, per bunch
Fancy, 10015c; prime, 8010c: culls, 008c:
mushrooms, per 4-lb., basket. $101.50. I
Thers wa to material cha in tM
conditions dutlnr tha last week. tavf,
authorlllM say that the mc.lfc.5t cdrU'n-i
quito strong and there ate Inilcaf 3 of
tome bis orders for domeft!-: uca -li wul
n foreign accotli.t, nlthoug'i tVs q'j4ttitlca
wanted nro email in eompatls-M v.l'.'l tho
larger tonnages taken In previous hitmihs
this year.
Tho Mexican crisis is receiving consid
erable attention among steel men, and son-1
do not hesltato to say that the requirements
of the United Etnlcs, oven If taken at only
small profit, wl'.l material! lmptovo tl.j
situation. Tli'a vlov Is taken becs.o of
the fact that Uu slcel comrnnl- !; glvo
tho Qovcrnnie.it Uu earliest poeail'. d'llv
crles on an miterlat that mle'.t Le ur
gently wanteJ, which will result In extend
lng tho orders now on tho bool.a fir a
longer period.
Tho second half of 1018 starts with tho
books of tho various makers tilled for tlio
remalndor of the year and In some cases
several months of continuous operation will
bo ncccssarr In 1917 to "clean tho slate."
However, tho 1917 business Is not entirely
In tho flrst few months of the year, and Is
extended over a long period, one company
having business on the last hnlf of tho
year.
On virtually all articles the steel com
panies are booked into 1917, but somo small
companies are holding off on round and shell
steel, and havo not token all the business
offered for these. This Is taken to Indicate
tho belief among -those steel Interests that
tho demand for these articles will contlnuo
good and be sufficient to take all the ton
nago available.
xnai umciaia of, ir9 'Avfmxmny.'S
Dcvetoir"lt Cottar, .it ftkrt UHtm
taproot vt. j ntf;; ptlcvs ft. r sliver unit
sold rom or tn e.ivi.r wtws ttit) eou
lias be t'Arryts' on tin trhiAJt, M II
mi uuma 'a ir-.vc4.teti y if nil
the quarter cnilditr JMtay 1HM
lng the coitipatf nnrt th rjetmontj
Company. BUts cf or & tjull.Ufl J
ed to teU.US. nn Iner-MM ot Hi
rT-fmii.ir.l wllh tl.w 'Ihm mth
February 29. of this -r. Ht an lnl
of $11,(352 over the quart awJln? Ml
of last year. Mining am tr.tinnf exr
were cut dawn mcteflallV. HMMntt tl
carnlnrrs $3:2.082. n rain of tl.l I
the hravlnitn nlirtrfel-. and 1S7.776 OrtrsWl
year. The etock failed io respn-l fl
belter showing en the FhllaaeWlU,
Exchange,
As hnn born tha cane all tha Week,
was verr llirht rndlnii on the looal Bti
Exchange nnd price movement Were
remilar No one In the Street looks 1
nnv activity until after Ihdenenttettc D
When there Is cenctat expectation that won
of the money which Is being reeeltfed. t
day by investors as payment for Juiyi
dividend and Interest will be reinvest-
Payments are unusually large and It Is bo
thought that they will be lying- loose long.
Where chances In nrlres were) iihvvnr
they were mostly fractional, Fennsylvanfa
Tlallroad. Philadelphia Electric and tin Ho
Gas Improvement all moving up slightly,!
wmie uaiuwin, wnicn was ouercd down In I
tho New York market, declined more then
n point shortly after tho opening. Keystone
Telephone preferred lost a lull point and
Electric storage Battery a quarter.
T:
i HE reason for the relatively cheap prices of good
bonds is plain. For a long time, European
holders of American bonds have been selling
their securities in our markets. Large blocks
were grouped under control of foreign governments,
which in some cases imposed a heavy tax on holders of
American securities in order to compel them to sell.
These bonds have been almost wholly absorbed by
investors here. We have' made inquiries of leading
banking institutions in New York and find that they
have reached the same conclusion as we, namely, that
the evidence is convincing that the European selling of
blocks of American bonds of any consequence is prac
tically at an end. Further, that no important American
corporation financing is in near prospect. The abun
dance of money, and the fact of the apparent complete
absorption ,of bonds, strongly indicate that the demands
of the near future will cause a substantial rise in price
of standard bonds. We, therefore, recommend the
purchase now of the bonds which we own and offer for
sale in our July circular, a copy of which we would like
to send you.
HARPER & TURNER
INVESTMENT BANKERS
1000-1012 STOCK EXCHANGE BUILDING
iiity. 2:
010c:
to size and quality. 14010c: pigeons, old. per
pair. .ninc, uo.. younK. per pair. .vac.
DRRSSED Demand was sufficient to keep the
limited offerings of desirable stock well cleaned
up at ton prices. Following nro the quotations:
Kiuea
Fresh-1
poultry, dry-packed I'owls. 12 to
selected.
box. dry-picked, fancy selected. 23c: welching
-t V9 ids. apiece, ..ncj vreigmnir los. apiece.
2214c.: welshing 3W lbs. apiece; 21Wc: weigh
Ins 3 lbs. apiece, 20021c: fowls, Ice-packed. In
barrels, fancy, . dry-picked, northern Indiana
and Illinois, weighing 4 lbs. nnd over apiece,
22c: do,, southern Indiana and Illinois, welgh-
Yest. close,
July 1S.03
August ......18.13
October ......13 21
Decembsr ....13.38
January ..... 13.43
u.
Open.
13.05
ia'9
starch
stay
Spot
n ......f3 e
"JI'J
.........lO.i
3.22
3.41)
1345
13.114
13.53
High.
13.03
13.10
13.27
13.45
13.40
13.114
13.55
12.75
12.70
12,85
13,0 J
13.00
13.25
13.30
Close.
12.7(1
l-'.ftl
12.03
13.13
mi
13.40
13.13
Time.
3 tviu
4 4U
4 tl2
I, lav
lday
Wheat at Llyernnc
WVEltPOOIi. July 1. SjWt wheat was
njitet and unchanged today with blue stem
quoted at Us. Jfo. 2 hard winter. 9s Od,
No. 2 red winter, 9s d. and No. 1 Northern
Manitoba. 10s 2d- Coru was quiet and
unchanged Willi mertcan; mixed quoted at
9s, 7d and plate at 19a, 3d.
New York StataBank Call Issued
ALBANr. July 1 State bank call has
been issued as of close of business. June 30.
NEW YORK COFFEE MARKET
NEW YOIUC; July 1, The market for
coffco futures opened dull and without
special "feature. First prices showed de
clines of 3 points, with gales on the call,
ouv paea,
Edward B.Smith&Co
EiTiBLIsnm 1802.
BANKERS"
1411 Chestnut Street
I'hlladelpuls,
Tho following coupons nro pay
able on and after July 1st, 1916,
at this office:
Philadelphia & Western Ry. Co.
Ist Mtg, 5s, 1960.
Easton & South Bethlehem
Transit Co. 1st Mtg, 5s, 1930.
At our New York Office, 30
Pino St:
Buffalo &, Susquehanna R. R.
Corp. 1st Mtg. 4s, 1963.
Sixteenth " Anniversary
Franklin National Bank
I
Today's
opening.
8.46
Today's
ctosa,
....
June ...
juiy ...,,,, ....
HtpUhr"j; T,Va9S.Q5 f,VfaT.08
Ootapif .... ...t ....
Dec-oiber .V8.07 8,1298.13
Jayiary .... .... ..
February ,, .... ....
March ;..., 8.2098,30 8.2T 08.18
April ...... ;...x. , ....
Jluy ,.,-... 8.3308.40 ,,..
Bid. fotal al.'tl750 bags.
Yesterday's
close.
T.U7
.oiMK.n.i
8.0l8.11
S.13Qt,13
8,13:20
8.23QS 25
7,83(37.84
7.U7flT.U2
7.1)0 fl 8.00
H.U
8.2(1 8.SU
S.33rtS.35
8,3803.110
Charles J. Bender & Co.
INVESTMENT BONDS
Members Philadelphia Stock Eichatur
NORTH AMERICAN BLDG.
WANTED
, Bond Salesmen
ELWELL, NAULTY & CO.
STOCK KXOIIANOK 1IDILUIKQ
vnw.Aiu:i.riiiA
Broad and Chestnut Streets
N completing the sixteenth year of Its existence, the
Franklin National Bank desires to Inform the public of
its progress since Its organization.
With a capital of $1,000,000 and a surplus paid In of like
amount, the bank opened for business In July, 1900, and to this
date has paid from Its earnings in dividends to Its stockhold
ers $1,990,000, has added $2,250,000 to Its surplus, making that
fund now $3,250,000, and has in addition undivided nrofits of
nearly $400,000.
The exhibition of this continuous growth Is shown by the
following comparison of figures taken from the dally state
ment of the bank on each anniversary period:
nrvinirNU NOTICKH
LIVE STOCK QUOTATIONS
nnrx isirt t..l i irnta n ..
Market 10a Waber, MUadAnd butrtun. 9.530
i;ah i.n - Bceiyia, aw.
Marker
stead r
M.v?(3-i,"8.'8-8UiT"Aw;i.8,
, 8HEKI" Btwlpls Situ. larkl steady. Na
tv and WaUro. 8,S(5t.83i,Iainbs, 7.5bOll.
NEW YORK BUTTER AND EGGS
NEW TORKi Joly l.BUTTEK Ton l,r
at tha closs, with, prices unchansMl1 ifom yii.
''SaS auatatlons. RksIpIs. 10.88J.
EQG3 closed quiet, with prices steady and
unchanjeO,' lMeIU. 22.40S. "" na
U2IIIUII VAIXliY UAILHO.ll) COMPANY.
rnuaaeipiiia Juno ;i, isis,
Ital
t,ua
share,
retv
or
The Board ot Directors ot the Iblsh Valley
thread Corcpany bay. this day dec!ae4 a
iirUlIy dlvU.ftd ot iV4 per cent, (or U JB per
uid June 21. 1318 and a quar.i
2Vi Pf cfat or. J1;5 Per share)
oh Its. preferred stock to atockx-(lis of
k. wio. anu a quar.sljy otvlO
won suck la stocKbuiaera ot record June 24,
4U4U.
nli.r.a.lv AivlAmt
per win, tur i.,i per snsrej ou lis tutn.
imft both payable July 8.
Checks will b nialled.
O. J. KUIJ. Treasurer.
r.uincTouv or accountants
1900
1901
1902
1903
1904
190S
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
July
2,
1.
1
1.
1...
1...
2.
1..
1..
1...
l
t
HTJBPLUS
AND PBOFITS
.41.000,000.00
1.073,257.41
1,263,012.21
1,422.641.33
1,558,611.95
1,638,885.58
1.921,441.33
2,162.598.85
2,276.85004
2,388.666.26
2,633.193.42
2,796.031.31
1 2,928,271.07
1...., 3,135,239.96
hi.,. 3,217,650.91
1. ...,.' 3,487,308.45
DEPOSITS
$ 3,404,231.47.
11.879,082.16
15,407,109,51
19,434,352.08
22,332.71078
29,333.032.83
25.428.077.24
35.282,499.05
33,123,873.83
36,320,586.12
36,842,606.97
35,533.417.89
35,612.740.93
38.682,953.21
44,191,91878
I.OAN0
$ 2,067,496.14
10,862,146.30
11,665,380.56
13,099.516.79
14,124,422.69
19,275,675.71
17,265.764.15
18,265.442.61
21,372,487.55
25,486.141.91
22.712.419.66
24.845.666.61
26-493,127.45
24,062,970.6(5
25,651,840-21
27,622,246.66
33,879,78558
BOOK
VAI.TJB
$200.00
207.32
226.30
242.26
255.86
263 88
292.14
316.25
327.63
338.86
363.31
379.60
392.82
413.52
421.76
448.73
46327
$
CerlliUd Subtle Accountaute
'II IU. M J 1 ,
IaWUtlNCB B- BROWN a CO.
181a HBAU KbTATB YRIJ8T UUlLDIKO
. 1 vj un. r 1 f rti. ! ' ' , 1 n 1 1
BUB. SlZiXMi
W "!?
With the completion of Its new building on Chestnut
Street, above Broad, the latter part of the year, the Bank will
occupy commodious quarters and be more thoroughly equipped
to render the most complete service to Its patrons. - '.,
7. B. McAXiXJSTEB, Fretldaat
3. A. HABBIS, Jr, Vice President B. P. PASSMOBH, VIc PreaitS9
J, Wlit HABDT, Oashler
3.0. PBANKTANP,
Assistant Oashler
a E, BHIHI.DS, " '
Assistant OsjUa
f
Samnel T. Bodlna
Thonuui De'Wltt Ouyler
Qecrge IL Fraxler
Edward B, SmlUi
Henry Tatnall
J, Bntnerford McAllister
Frederick L, BUy
DIRECTORS
Efflngbasi B, Morris
Percy tt Madeira
Bills Pusey Passmore
J Andrews Harris Jr.
JoJin Hampfcn Barnes
Morris L. OJotyer
O. a tfackar
OaarltoaYanaill
W. W, Attetnry
33dgar 0. rHw '
Edward I. Bal
Daniel B, yrwt
Axthur'w. h
C iff '
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