' "Wr-S-"ii3Jfe-JfvtA.-T -
16
EVENING LEDGEK-PHILABELPHIA, WEDNESDAY, JIULY 5, 1916.
'' Vsp$-.
ir-.
i
ir
i
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'
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m
IT
FINANCIAL NEWS
MARKET SHOWS IT IS NOT READY
FOR SUSTAINED UPWARD MOVEMENT
Accumulation la in Progress but No Inclination Exists to
Force Upturns Buyers Disposed to Wait for
Renewed Bear Efforts
High Points in Today's Financial News
- .iM Rp Dank of Chicago declared dividend of 6 per cent.
Initial dividend of 1 US cents a share declared by Engela Copper Company,
Exports from port of New York smaller for meek ending last Saturday,
Business failures in first half of this year below same period of 1915. Price
of bar silver lower m New York and London. Sale of Pere Marquette uost
poned until September i.
New York Stock Sales
Last close. High, Low.
05
8
10?
23X
7SH
fl'i
100
rmi
ion
63U
11 110!f 110k
10 10H 10
51H
28X
19!f
45
07)$
30W
110X 110), 11014
SOW 50 GOJi
65H
8
18
24
70H
03!f
93)4
100
53Ji
109
64)4
51k
29
19)4
45
0S)4
30)4
90
Clou.
05)4
8
17)4
23)4
7654
68
03)4
100
63k
109
54k
leyels
NEW YORK, July 6.
The stock market today showed that It Is its yet not In condition for a sus
tained upward movement, although decided strength was In evidence and sub
tanlal gains were made In nearly nil Important Issues during the forenoon. Indi
cations were apparent that the market Is one In which accumulation Is In progress,
but that no Intention exists to force Upturns by manipulative tactics.
Those who are In the market as buyers would rather obtain stock at present
than establish values at higher figures, and they were disposed to wait for
renewed bear efforts, which may give them good opportunities to add to their
present largo lines.
The situation In Mexican Petroleum was exceptional. That stock has been
persistently sold by important Interests formerly Identified with the management
oflhc company these Interests have. turned from confident bulls on the property
to bo Intensely bearish in both market expressions and trading operations.
Followers of this element wero urgent buyers to cover shorts this morning on
the publication of the Carranza note, which was construed as further deferring
actual hostilities between our troops and the forces of the do facto Government
on the other side of the Rio Grande. Soma of the other stocks depending on
peaceful Mexican relations wero also active and strong, including American Smelt
ing and Greene Canancv
AJm Rubber iw
Alaska J Qold M 8
Alaska Gold Mints 18
Allli-Chalmm Mfc;.... 23J4
AIIU-C Mfc pt . . ...,.,.. 708
Am Ai Chemical.,....., oik
Am lleet Sugar. ., 89
Am Beet Sugar pf 100
Am Can 52
.Am Can pf 109J4
Am Car & Fdy 63i
Am Car A Fdy pf 117
Am Hide A Leather 10
Am Hide A h pf filJ4
Am Ico Securities 28)4
Am Unseed 10)4
Am Unseed pf 44k
Am Locomotive Q7J4
Am Malt Corp'n pf 37
Am Smelt A Kef 94k
Am Smelt &.Hcf rf ill
Am Steel Foundries 4()
Am Sugar Refining 109k 110k 110k 110k
Am Tel A Cable 01 00)4 0054 00)4
Am Tel A Tel t2R. USU I28H 12S)4
Am Tobacco 200)4 207 207 207
Am Woolen 45)4 45)4 46)4 45)4
Am Woolen pf 91)4 95! 95 03
Am Zinc t, A Sm 37k 38)4 30k 30k
Am Zinc L A Sm pf .... 054 0554 05 05
Anaconda Cop M 82J4 83k 82k 8354
.icn lop tf s F 10534 105k 105)4 105J4
61k
29
19k
45
07)4
30)4
9554
99
71k
89k
70)4
. Ik
07
15)4
40k
180)4
60k
111
Exports From New York Smaller
NfcW YORK, July 6. The exports of merchandlso from the port of New
Tork for tho week ended July 1 were valued at $45,599,493, against $G6,140,169
the previous week and $28,060,621 In the corresponding week a year ago; slnco
January 1 $1,319,271,404, compared with $667,588,735 In the corresponding period
lost year.
Chicago Federal Reserve Bank Declares Initial Dividend
CHICAGO, July 5. Tho Federal Reserve Bank of Chicago has declared an
Initial dividend of 6 per cent, payable July 31 to member banks of record July 15.
This dividend amounts to $76,000 and covers tho period from dato of organization
to March .31. This Is tho third of the Federal Reserve Banks which has declared
R dividend, Richmond and Dallas both having declared 6 per cent.
Big Initial Dividend for Engcls Copper Co.
SAN FRANCISCO, July 6. Tho Engels Copper Company has declared an
Initial dividend of 1VS cents n share, which Is equal to 18 per cent, annually, pay
able July 20.
Atch Top A S K pf
n.-ild Loco Wta
Halt A Ohio
Halt A Ohio jjf
llatopllaj Mining ...
lluttn A Superior...
Cal Petroleum
Cal Petroleum pf. ..
Canadian Pacific ...
Central Leather ....
Central Leather of .
Chandler Motor 110
Ches A Ohio 03
Chile Copper 21k
Chlno Copper 50k
Chi It 1 A I'ae 22)4
Chi Great West pf 30)4
Chicago Mil A St P 08k
C O CJ A St I, 5l)i
V V C A St Lpf 81
Chi A Northwestern
Cot Fuel & Iron....
Continental Can
Consolidated Gas. ..
Corn Products Hef .
Corn Prod Hef pf. . .
Cruclblo Steel
Cuba Cano Sugar . . .
Cuba Cana Sugar pf
09
7354
00)4
7054
Ik
G8!i
17
44
09
7154
89k
70k
ik
05)4
10k
44
183k 181k
50k 0k
ink
112
03k
21k
60k
23! i
30k
99k
63)4
83
.129,k 130
. 42 42)4
.100 100k 100k
.131 135h 135k
. 14 14k 14!i
. S9.k 00)4 00
. 71)4 74 72)4
. 69k 01 k CO
05 05! 4 05)1
lit
111
03)1
21k
60k
22)1
30J
OS','
65b
SI
130
42
Delaware A Hudson 160!4 15H4 151!4
WHEAT ENDS STRONG;
BUSINESS IS SMALL
Market Rallies After Turning
Easy on Selling Soon
After Opening
GRAIN BELT WEATHER FORECAST.
CHICAGO. Jnlr 8. The weather fore-
u.ror 30 hours follows!
Illinois rair tomai
ilr tonight anil TBursaari not
In temne rature. .
rnlr tnnleht and Thursuan
not much .change In temperature.
Wisconsin and Minnesota Fair , tonlaht
and Thursday) not much chance. In tem-
much chance In temperature. .
jiissotir irair tonigiu
pernture.
,
New York Bond Sales
tOOO Al, ol cv (Is Ser
.r222 Amer Agr cv Bs. . .
11000 do deb lis
Ssmiimi Anglo-Krench fi
High.
A.lOlji
. ..KUJi
n'J
UO S
Low.
101W,
15P An.er Smelt Sec 6s...l()St lull;.
.000 Amer Tel clt 4s Ill), ni&
? , lo cvt I'm losjj ins?;
. HI''.
II 1
1 34 a. . . link
1 Ss 1IIOS
own Fair tonight nnd nrobablr Thurs
day! not much chance In temperature..
.-sortn Dakota rnlr tonignt nnu proDaDir
Thttrsdan rooter In east tonight.
Honlh Dakota I'artlr cloudy tonight and
Thursday! probable showers In uesti not
much, change In temperature. . .
Vaf...l. n..tl ..I.....I.. l.nl.li, n.f
nuntlayi not much change In tempera-
fair .tonight and
change In tempera-
Thu
Kanaaa Generally
Thursdayi not much
ture. '
CHICAGO, July 5. After turning easy on
elllng Induced by a small decrease In the
visible supply and favorable crop advices,
following a period of firmness, the wheat
market rallied today and closed a shade
above last Saturday's final prices. Opera
tions were not extensive and outside trade
was lacking. There was some covering by
a few shorts that had stood out.
Clearances from the seaboard were large,
but arrivals at Interior points were heavy.
Today's sales for export were about 400,000
bushels, part new hard The Price
Current said that harvesting of winter wheat
had progressed favorably. B. W. Snow
put the condition of the crrp at 74.9 and the
indicated yield at 492.000.000 bushels, with
the quality and weight above the averag;.
He said that the condition of spring wheat
was 90.6, j bout a point better than a month
gO and promising a yield of 271,000,000
bushels.
During the holiday here a great deal of
strength was shown at Liverpool with pro
Bounced activity In spot, prices for which
moved up 5 to lid. Manitoba cargoes
there also were In good demand, rising 2s.
but not holding all of the gain. The factors
In the English market were lighter ship
ments to. .the United Kingdom for the week,
3.855,000 bushels from all sources, agalnht
6,293,000 bushels last week, light freight
rates, lighter native offers, fears of a
shortage In the United Kingdom crop and
a deficient yield In France.
Already the F.rench Government has be
gun buying for the new season. The visible
upply In the United States decreased 19,.
0Q0 bushels for the week, to 42,823,000
bushels.
IH.MIO
luiiu Amer Writ' Poii' As
,000 Atchison ren 4a...
MOtl tin aril Am u-.
20000 do cv is IMS 103
i'000 Allan Co Lino clt 4s. H5'4
lauoo Halt 4 Ohio 314 a tifi
1000 do Sa K)(iiJ
,iwv ao -a in
.l,uu,i no CV 44n
1'UOO Bait A O awn
.11UII Tleth HI,.,.! rf.l
Milium .. 1. H. v.. ...!n .ma.
"Y""u ru uup ir as lliin. jimi'A
11000 Uusn Term Illdg !ls... ml!
i'HOOO Can Uov 4a lual mi:
HIIOOO do 4a man
U'OOO do 4a 11131
1000 Cal Gas & Klec .Is. . .
6UUU Canada South 5a....
13OU0 Cent leather 1st 3a.
1000 Cent Pac 1st 4s
100(1 Cent R R N J 3s...
70i)() Chill Copper Ta
10UOO Ches & Ohio cv 4 Ha.
12000 do conv 5a
liMKiu Chi A Alton 3'4b...
iuoo cm & East 111 4a
loi
101
10JJ
1(11'
11 111.
tain,
03 ,
Ill's
30
32UOO Chi II At Q Joint 4s".'. II
IJIIOO Chi Ind f West 4s.. 7.
lib
cv .is. lor tj
10:1
101,
mots
n.,
IW
ns;
7SH
711
111.1 ;
S3 1,
204
71
noT
57S
'FOREIGN EXCHANGE
NEW YORK. July o. -Today's foreign
exchange market was but a repetition of
that of Monday, as well aa the last week
or ten days. Quotations remained station
ary during the entire session, closing at
the same levels as the opening. Sixty and
ninety-day bills were nominally quoted at
4.72 and 4.70 respectively, while demand
sterling was 4.75 ; and cables 4.76 7-16;
franc checks, S.91 and cables S.90, and
relchsmarks checks, 73 H and cables 73 3-16
at the close.
cor-
BANK CLEARINGS
Bank clearings today compared with
respoaaing- aay iai two years:
lOia 11)15 1814
Ptllls, . .IS3.S3tJ.2SJ 125.040.120 ISa.524.OT0
Iloatoa 4U.730.21S 20.638.339 23.160.S33
Ktw York. .620,833,047 3'J1.0U.O5f 2V3.BU2.7uJ
it, Louis . . lu.OS4.188 13.812.437 3,271.701
Business Failures Decrease
Business failures In the United States
during the first half of 1913. as reported
to R. G. Dun & Co., numbered 9195 and
supplied an aggregate Indebtedness of i;u,
311,411, exclusive of a real estate Invest
ments default In New York, for upward of
f 2 1, 609,000. which cannot properly be classed
as strictly commercial. This record reflects
substantial betterment. In. comparison with
thi unprecedented mortality of the previous
yar, when 13,710 suspensions occurred,
Involving 1135.637.535.
Financial Briefs
The exports of copper for the month of
Juno amounted to 33,373 Coos, against 16,
itf (sna in the corresponding' month last
yr,
?'ow York banks tost to the Subtreasury
tt Monday 1 1,7(1.000. and sinc Friday
JM iMf.oe.
C'jjHj'lian bank; clearings for June were
I,73T.10, compared with 3198,116.272
Jm-juae Uit yiar, and were the largest of
y jnetH rr reported axcept May. 1919,
kt tb tal reached 1313.945,745.
DIVIDENDS DECLARED
Molt at 43f. wul atfiUfWsual st
1000 Chi Mil S, Rt I
4000 do cv 5s
10(10 do cv 4 'is
lOOII iln rn J Um
165000 Chi K 1 & P fla
110O0U do 5s ct one sta.. ..
loon Del & Hud rfil la
6000 Den & nio Or 4a
54000 Dlst Secur Corp s..
1000 B Tenn V A U con 3s.
3000 Erla cv 4a Ser D
SCO Hud & Man In 3a
10OO do rfd 5s
2(100 Hock Val 4Va
3000 Iowa Cnt rpf dm
14000 111 Cent rfd 4s 80S
1000 do 4s MI'Z
2000 do 4a 10.13 S.1,
2000 Interb Mel iha 73!!
1400O Interb It T ref n. o(i
30000 Int 3Ier Star cv 44a.10.Hi
300O Internl Paper cvt 5s.. li
1500(1 Jap new 44s H4"4
1000 Lex & P Ba llillH
SOdO Lake Shore res' 3H.. H3
500(1 Ix!h Val RIl con 44s. Iioii
4000 do 4a ...01
130011 J.lif & H T 8a 101
40nrj ixu & Nash sen 8a.. 112;
1100O do 4a 04i
2000 Manhatatn 4a IKlU
100(1 do sta 4s 01 V.
1000 Mex Pet Co 6s Ser C. 11(14
60(10 Minn 6 St I. 4a Ill
400O Mo Kan & T 1st 4a.. 744
loono do 2d 4a 43i
130OO Mo Pa- cv 3s 404
40O Mont Power 6s T
100O Nat Tube 5s Ion",
11000 N y C I. 34 a 7H'!
3000 N V Ct Hud IIS...113S
11100 do 34 s 82S
14000 do 4j 005
3000 do 44 s 113'i
2000 N Y Chi & St I. 1st 4s 114
10(10 N Y City 4s 1058 Km',
100O do 44 s HlllO 11)24
13000' do 4Hs 1063 107H
1300(1 do 44a 106.1 10
16000 do 44 1 Nov 10.17.. 1074
10OO K T Oaa H ft P 4s.. 84
22000 STNIHll 4s 1036 70
30(10 do 6s 1124
3IIOO N v nwy ret 4a ... 7(1
1000 An nrll K K7.
ifinnn ? v ti a.n ail m nut?
linno .Nor Pac prior 4s
4000 Ore Short I. ref 4a..
SOOfl Ore Ilwy h N con 4s.
inofl Pao Coast 1st Ss. ..
7000 Pac Tel Ss
4rtOno Penna g-en ct 44 a..
1000 do en 44s .......
3000 do 44 a 1021
1000 Pub Serv N J Ba....
5000 Rep Ir A 8 Ss. . ,'. . .
1000 nio Qr 4 1V elt 4a..
7000 91 I, t 8 K rfd ct 4a.
2(1000 do pen ct sta 4a...
10000 do Her A w 1
1000 do ajt w I
8000 do in r I
1000 San A 4 Ar P 1st 4s
SOOO South Pac cv 4a
MlOO do cv ret t d 3s
38000 South Rwy gen 4 s
1000 South llwy con Ss
SOOO T.nn C ret full paid. 1014
jinm, I.,). j-ac isc oa... 1,7
siHin xniru Ave ad as..
10000 N S H A it Os
IlOnn U S Rubber 6a.. .
17000 U 8 Steel B F Sa. .
10O0 Union Pac 1st 4s. .
4000 Union Pao rfd 4s..
zuihmj un nvrya h t 4s
3000 Va ltwy Sa
a
4
02J.
84 4
10.1
8.1 Ji
lonj,
oo,
03 Js
lllljs
100
1004
8ll
li ii 4
loo
101
102.
11114
l-'lU,
8.14'
04?!
50
03 4
08
7.14
1117 4
103
101 J,
1004
63 4
Oll'
08'i
?.r
lo.i;
fi
1104
.174
8U4
804
8.1V
III'
Closo.
1014
1024
117 W
us?;
1UH1
. 08VI
. 1121
. 02
. 024
. (104
.1004
.101?,
.10.1
.1014
. 074
. OR
. flllU
. 814
. 724
. 70'J
. 83I
. 344
. 6714
. 88
, on
. 71;
.1014
ntr
80
. .111
..102
..10.1
. . 06
so;
324
08U
......r
Idll-i
834
1104
111
101
11SH
044
1104
1114
1104
60
"Ii
4.1S
404
iizA
Vm
711
11.14
82 H
OI)l
H3
04
1IHI4
1024
107
107J
1II7
84
70
1154
76
.17 'i
08't
24
02
024
1104
Kill
101s
10.1
101
074
(18
66U
81
72
70U
83 ;
344
67
88
80Ti
71
1014
80
!
102U
10.1
061
80C
32
08K
014
IIS ,
7ll'
2
814
10.1
83
looi
111
H5'i
1104
100,
100'i
864
i'4
100
1111
074
102
102
88;
llil'.t
126 4
8.1 jj
04 f.
50
03 4
IIS
,A?4
103
1014
1110 4
6.1 4
lll'I
084
?.1h
lor, ;
204
on1,
57?,
804
804
s.i;
3ni
1184
10.Hl
014
84
ioo;
834
1104
01
101
1124
IMS
Si'B
1,04
744
4.1;
404
,U7J
jVa4
1134
82?i
OOJJ
"34
01
111114
102li
107?;
108
11174
84
70
1124
72.
118 C
024
064
100
1014
10.1
1014
1174
08
66i
814
72
70';
83?;
S44
7!J
88
80
n'.
1II2H
103
08?:
89 1
Denver A Mo C!r pf
Detroit united Hys
Distill Sos Corp'n. .
Dome Mines
Erie
Erie 1st pf
Gen Chemical pf ...
Oencr.il Electric...
Goodrich II K
Greene-Cananei AlH
llranby Consol 80
.'K1H
.Ulii
. 20
alH
3J-i
Wh
MU
110
II
20)4
r2H
nn
-aw
uo
70.
H
00
17
41
lsi.u
111
111
KM
21U
50?.
22!.
SflJ-J
09
.WSJ
83
1H0
42!
UX),
135!"
W.
00
73! i
0U(
035.
:i2i
117H
A
20i
'M)l
o,'3!f
NEW YORK CURB
NEW YOHK, July 8. With tho resump
tion of business after a holiday there was
a arood strong; tone shown In the trading
on the Broad Street Curb, with Stutz Motor
one of the most prominent features, being; In
good demand in connection with the an
nouncement of tho completion of the
syndicate operations and tho closing of the
books on the underwriting account.
This syndicate operation was regarded
as one of the most successful that has been
conducted in this city thus far this year.
There was somo outside buying of a num
ber of the other motor stocks. Induced by
knowledge of this successful underwriting,
and several or tnese issues, Including Chev
rolet and United Motor, made early gains,
but reacted later In the day,
Atlantic Gulf and West Indies continued
In good demand, making an advance of 2
points, to 67 H In the forenoon, with most
of the buying In expectation of a dividend
announcement within a short time. Kath
odlon Bronze preferred was also active and
strong, moving up from 24 Vi to 2B4, with
the demand based to n great extent on
knowledge of arrangements for utilizing tho
mcmties ot tno compnny on Government
work.
Mldvale Steel moved up from 63,H to
64 Vi- The oil-stocks were quiet and with
out important change. Mining stocks were
generally firm at a moderate higher level.
INDUSTRIALS,
Sales in Philadelphia
32
72
, 874 87.,
Asph pfd, 70 70H
Copper. , . . 804 R04
no (fop .... 40 4U4
80 Acme Tea t e , 32
.1 . ojref 07..
.10 Am nwy pref. 08H
loo Am. smelt .... OSH
10 lUM lr-n .... 7iU
100 n
llnl Insn
200 Cenne
120 Cent Reenr.... 21 21
13 Key Tel Co... 13H 134
277 ,ake Sup Corp lojl 1 104
22 chilli Nav ,,, 75H' 734
160 Lehigh Valley.. SUfci ,' 7i
loo Leh Val Tran. . 2lfi; 21 i
330 do pref 4tH tl
111 llnt.,ll RD KB
toy .Aiex i-et ..... .in
307 penna R R.
210 I'll I In Kino .
40 p n T - 20 vn
82?0 do tr ctfa ... 204 11)
183 rnna Trac . . . 77ft 774
"2
M-t
tArr. . clone, ch'se.
32
07. , , . , ,
084 4
VOTS , . . .
T2
3 1..
n
m -.-
21., 1
ia
104 .
734 .....
41 U
RH J.IU
"l., I AJl Jill
38U' 38. S84
24 28)i ail
704
PHILADELPHIA RAPID TRANSIT
TRUST CERTIFICATES MOST ACTIVE
Buying Is Based on Good Earnings Report for Year Just
Closed Will Show More Than 4 Per Gent. Earned.
Whole Local Market Better
08.
20
aJ
it1.'
ns
I'i
4 i:
Great Northern pf
G N cfj for ore prop. .. . 34!
nun Slates Steel 81
Gulf States S 1st pf 03
Int llarv Corp'n 78
Int Harv.V J pf HOM
Int Con Cor v t c sh. ... 17!(
Int Con Corp'n pf 74.1(
Int Taper pf 57H
Insp Con Cop 50
Int Nlcfccl v t cf 47?i
Int M M cof dep 20
Int M M pf cof dcp. ... 02H
Iowa Central 2
Jewel Tea . . : SO
Kan City Southern 20
Kan City South pf 01
44'.
'Mi
o3!f
..113H 1135 113tj 113)
107 I09W 108?f 109
73),' 70). 7, 70),'
i4 .421 43H
87 87 8;
...120)i 120X 120H 120H
Kennecott Copper.
Laclede uas
Lack Steel Co
Lake Erie & West
Lake Erin & V pf
Lchlsh Valley
Manhat Kiev ctd
May Dept Stores
Maxwell Motors
Maxwell Motors 2d pf
Mexican Petroleum....
Mox Petroleum pf
Minn & St Louis
Minn St P & S S M . .
Miami Copper
Mo Kan & Texas
Missouri Pacific
Missouri Pac tr cfs. . . .
Xat Biscuit pf
Nat Cloak & Suit
Nat Cloak- li Suit pf . .
Nat Enam i S Co
Nat Lead Co
Nev Con Cop
N Y N II & II
New York Central
NYOi West
Norfolk A western.
40
3.5)4
82
00
H2
118
17X
73H
57)4
60)4
48!4
20)(
93! i
2)4
79
20?,'
00)4
49.'.
3"
82
90
82
118
17
73)4
57)4
50
4714
20
02
2)4
70
20)f
00
48)f
Jo! 4
82
00
82
118
17)4
73)4
57)j
504
48)4
20
92)4
2)4
79
2G!4
C0)
49
Aetna Ktploslves
Flemlfth-Lynn
Amer-ltrltlsh Mr
American Marconi
Atlantlo Clult & W 1
do pref
rnnndlan Car Co .....,..,
Can Car A Kdy pref
Chevrolet .Motors
I'urtlss Aeninlano
Klsenlohr Tolincco , . , . .
do pref..
Kmerson Phonoitraph
Haskell A Darker Car ,,,,,,,.
iienaee .1r1t
lnlr Jler Marine
.. do pref
Ivnthodlnn Ilronse pref
Maxim Munitions
Manhattan Trnnsfer .,,.,
Mldvale Htccl ,
oils Elevator
Peerlees Motors
Poole Knit ,
8 8 Kresge w I
Standard Motors
Submarine
Httita Motor
Trlanisle Kllm
United Motors
tTnlted ProOt Sharlnit
U S It A It common , .
IT H L A II preferred
White Motors
World Film
STANDAHD OIL.
Illinois
Ohio
Prairie Pipe
S O Callfornlo
8 O New Jersey ,
8 O New York
Illd.
10
1.
aK
07
nt
03
43
31
03
37
2,.
Ask"d.
ion
i.
ns
ni
OS
M.l
230
.",11
(0
100.
30
J.-.4 204
02 oa
2." 20
03 ?i ni4
37. so
234 211
loo 110
in 104
11 1
33 37
38 rR4
2i 3
(17 OS
. 24 2 :
11 04
37T. r'P
.100
.224
.212
.24N
.518
.201
OTHEIl OIL STOCKS.
Cosden Oil 2.-,
Chalmers Oil 4
Inter retrol , mil
Houston oil ir,
Midwest Hef 117
Sapulpa Itef u
MINIMI STOCKS.
Atlanta 10
Hutto Copper and Zinc r
llutto M V li
Cerro rle Pasco 31
First National 34
OoldOeld Mercer H
Hecla Mlnlne n4
Howe Sound 4
Jim Ilutler 02
Jumbo Ex 77
McKlnley Darrah no
Mnitma Copper 14 1!
Mines. Co of America 24
Nlplsslnir 114
San Toy 1,-,
St Joseph Lend , is?;
West End Consolidated 1
White Oaks 04
PONDS.
Cerro do Pasco 108
Mldvale or,?i
Ilusslnn Oovt 04s 100)1
102
220
214
230
r.22
207
20
8
104
1
08
12
12
34
33
4
in
58
01
70
.-,3
lit
10
1 1-10
04
112
1004
..100!f 105)4 105)4 105)4
. . G7!f OS OS OS
. . 194 2.) 20 20
.. 43H 42)f 42Jf 42)
.. 70H 80 79i 80
.12034 12S 127'i 127(
..02 03 03 03
.. 79 8W 70 80
,. 52! 504 50)4 50H
.. 0S) 10354 O0J4 102)4
,.00 03 91 93
4K 5)4 5)4 5)4
..120)4 123)4 127 128
.. 35)4 35M 35)4 35)4
.. "4)4 44 4)4 4!4
-7 7)4 OH 7K
7 7), 7 7)4
.124 124 124 121
. 70 75 75 75
109)4 110 110 110
. 23)4 2414 24)4 24)4
. 00 03)4 00)4 60)4
. 10)4 I0)i 10?4 10)4
. 0134 02)4 02)4 0234
.105)4 100 105'4 105)4
. 23)4 28)4 28)4 2S)-i
131)4 132)4 131)4 I31H
HURRICANE WARNINGS CAUSE
GREAT DEMAND FOR COTTON
Active "Months Sell at Advance of 16
to 18 Points
Northern Pacinc 113)4 114)4 113)4 114
Ontario Silver Mln 0)4 7 7 7
Pacific Coast 03 05 05 05
Penn Itailroad 5S 5S)4 58 58)4
Philadelphia Co 39)4 3934 39)4 39)4
Pitts Coal Co N J 28) J 23 2SH 28)4
Pitts Coal N J pf 101)5 102 102 102
Pressed S Car Co 40'4 48 47 47H
Pub S Corp'n N J 129 130'4 130)4 130)4
Pullman Co 1G3 16) 103 103
Quicksilver pf 4)S 5H 5H 5M
Ity Steel Sp Co 43 43)4 43)4 43H
Itay Con Copper 22)4 22)4 22)4 22)4
Keadlnc 08)4 OU 97H 0834
licpubltc Iron & 3 45 45M 45 45H
bears Hoe i Co....' 18834 191 168 180)4
Sloss-Shef S & 1 48 4734 47)4 47H
Southern Paciac 08)4 08)4 98)4 08)4
Southern Ry 25 25 24)4 24)4
noumern ity pi ,i)Ji 71 70J4 7014
Standard Milling rts j 34 )j
Studebater Co 134 130 131)4 13534
Tenn Copper 35)4 35)4 35)4 35!4
Texas Co 192 100 191 195
Texas Pacific 12)4 13)4 13 134
To! St L & West 74 7)4 7)4 7)4
Twin City II T 0G'4 07 07 97
United Cigar Stores 95)4 9i)4 00 00)4
Union Baa & Paper 5)j 54 5)4 534
Union Hag ft Paper pf.. 31 32 32 32
Union Pacific 139 140 13934 1393$
union t-acinc pi syjf sjjj, 8234 S2H
u a ma Aiconoi 120)4 13134 12834
21
..158
.. 54)4
8QH
r
324
oa!j
..
LOCAL MINING STOCKS
TONOPAH STOCKS.
Bid.
.S3
.OA
.23
.20
.23
!?
44
o
Jim Butler
MirNimar.
Midway
Mlzpah Extension ,
Montana
Northern 8tar
Tonopah llelmont
Tonopah Extension
Tonopah Mlnloa ...
tiescua uuia ., 31
West End tig
OOLDFIKLD STOCKS.
Atlanta , ,10
Blue Bul 03
Booth , .13
BuTldoa ...,...,; .01
COD ;. .03
ComMnatlon Fraellon , Vrt
DlantondHeld U B 02
Dilsy 03
Floresc ,... .40
Ooldfteld Consolidated 33
OoUneld Mcrssr 08.
Jumbo Extension 7X
Kawsnaa 10
Oro 04
Sand Kan 04
Silver Pick 08
MISCELLANEOUS.
Aril United SO
Fairy Aiteo 01
Klmberly j ,. 02 '
Nivai ma ... ::.:.:::: :if
Nevada Wonder .2. 10
Tecopa iiialaa 10
Asked.
.B3
.OH
.23
o 1
'.M
.38
1.0Q
.11
.04
.16
.02
.04,
.03
01
.04
.42
.33
.09
.SO
.12
.03
.03
.09
.23
.03
.04
.20
2.13
.13
USC I I & F
United Krult
US Rubber
US Steel Corp'n...
U S Steel Corp'n pf
USSm R & M....
Utah Copper
Va-Caro Chem
Wabash
Wabash pf A
Wabash pf U
West Union Tel 03)4
west U a il..., 5734
Western Maryland ...... 29
Wheel & Lake Erie .... 4)4
Wheel & U E Ut pf 17
Wheel & I, E 2d pf 73!
Willys overland 72
Willys overland pf.
Wisconsin Central..,
Wool worth F W....
Woolnorih F W pf.
22)4 21'4
101 159
54'4 54)4
87ig KOH
13034
22),
10034
54)4
87
11734 117),' 117)4 117)4
CS)i
78
4034
14)4
52
28)4
72)4 71 7t?4
70), 78)4 78)4
41 41 41
I4)i 14)4 14!i
52)4 52)4 52)4
28?4 23? 2834
05 04 94J4
5834 53 53)4
3034 29H 30)4
a)4 5 5)4
10)4 17 18)4
74 7)4 7J4
7334 71 M 73
10734 107)4 10734 107H
.. 43 44)4 43 44H
..134)4 130)4 134!4 13Q34
..123 12434 12434 12434
NEW YORK, July 6. A Orm tone was
displayed on the cotton exchange nt the
start this morning. July was down 6 points
but other months wero 1 point higher to
I points lower. The weakness In Liverpool
was Ignored.
There was n good demand for profes
sionals and commission houses with Wall
street interests sold. Liverpool supplied a
large amount of January.
After selling about 7 to 0 points net
higher toward the end of tho first hour, tho
market became rather less nctlve. Pros
pects for rains In the eastern belt as. a re
sult of the Gulf storm reported off New
Orleans this morning seemed to be 'one of
the more prominent factors on the ad
vance, as the eastern belt Is supposed to
need warm, dry weather. Snot houses were
good buyers here, while there was n,u!te an.
active early demand for October from Liv
erpool. Bullish Southern spot advices nlso con
tributed to the advance which carried Oc
tobor contracts up to 13.04, or 19 points
above the level reached on the break follow
ing the Government's crop report of last
Saturday.
Liverpool cables were disappointing.
Prices were due unchanged to 3t points
higher, but at the time of the opening here
they were 3 to 4)4 points lower. The free
offerings of spots In the English market
were said to be responsible for the decline
In futures.
Active months were about 1 to 18 points
above Monday's closing figures, with Octo
ber selling nt 13.13, or 28 points nbove the
low level of Saturday. The buying seemed
to taper off around this level, hut offerings
were light and the market held within a
point or two of the best during the early
noon hour.
Slon. close. Open. 11 a.m. 12m. 2 p.m.
July 12.70 12.72 12.62 12.U7 12.U4
August 12.83 ia.b3
October 12.011 I2.II1I 12.00 13.02 13.12
December ... 13.14 13.17 13.10 13.10 1B.20
January .... 13.10 13.20 13.21 13.23 13.82
March 13.38
May 13.33 13.39 ..... ..... .....
Spsh,d.- ,s-5
Liverpool Cotton
LIVERPOOL, July 6. Spot cotton today
was freely offered at a decline of S points
from Monday, on the basis of 7.85d for
mid-upland. The sales aggregated 6000
bales. Including 6000 bales American.
There were no Imports. The market for
futures closed steady at an advance of
V4I'j points.
Sale of Marquette Postponed
PETROIT. Mich,. July I. The ale(
tnr fr Marquette, set tor today.
uc en aeienm until teptemnsr i. 21 p&
m rorgaaiiUM m bos Mb approved
!f MWBigma t8MT93M VOICI5!Mlon.
$317,000
The Vincennes (Indiana)
Water Supply Co.
Firat Mortgage 6 Gold Bonds
Due July 1, 1936
riDBLlTV TRUST CO., Philadelphia,
JOHKl'II L. BAYAHU, Vlncenne.,
Trustee
Issued under authority of the Public Service
Commission of the State of Indiana
Earning one and three-quarter times In
terest charges. Frea of United States nor
mal Jncorae tax.
Pennsylvania Stat tax refunded.
We offer the unsold portion of these
bonds at 102 and Interest
W. O. HOPJPEIl H. 8. UOFPEB
Wm. G. Hopper & Co.
S3 South Third Street, Philadelphia
Member FktlaJeJsUi Stock Kxchaoja
ll!llllll!l(!lllllli!lll(li
j Copper Stockholders m
jfj Reaping Dividend Harvest gj
1 nuiatrs o( B)rn.rn. copper
" ftrin handsomely
through receipt of attractive o,mr.
terly dlyldtndi. And thsr li a
tronr posilbllltT that lxfera lonr
"atil market appreciation,
will take place 1a thi seouritiss.'
9.?" P'ospse. with ths present
Wlfc rat of dlildindi. and tha
piocsoiiur or ucrsiied aUburt.
msnti, nukes th cappers an Ideal
larfitmsnt prepoittion,
J Free statlitlcal Copper Bosk
sent upon rsaaest, totsther with
circular naming- tisit purchats
moor tha dividend parsrs, Aik far
Sl-FL, utcludlac booklst zplaUisf
"The Twenty Payrnent Plan"
m
cs -J IreeytrafTAi-ctriflev SJ
S (Eilibllih! 1901) S
C 40 Exchtnge Pltce New York S
Ell!!i!l!llll!!llilll)ilii
FkAZIER&Gh
INVESTJMENT BANKERS
Broad & Sanson, Street
DIBECTO&Y 0- Ht'COUNTANTB
I
131
C1Uld lMbU Afrounlaots
AWBE.VCB B. UHUW
uw
5 HEAL. KSTA
IB TIU'S-I
CO.
UUILOtM
2I0 Iteadlna tisti
230 Ho Ilwy 23 24 M 24 Vi - M
210 Tonopah Pel 4 H 4 11-10 4 3. Ill 1-)
vw tunopun ,,iin., ,u
000 Union Trnc .. 44
.230 unit Oas Imp.. 88
3300 0 8 8teel 87 U
80 Warw 1 & St.. Hit
. 0 West .ler & 88 4i i
loo Wm Cramp Son 70 '4
10 York Ilwy pref. 37 H
increase, ecrease.
Tolal sales, 10,3.11 shnres, rorapareil with
3368 shnres Jlonilari thus far this week. 10,702
shares! same period last week, 28,200 shares.
PONDS,
O II Ml
43V4 44 1
88., 88., .....
80H 80' k
4 i 1
ffl 37?S -.
.Hluh.
10000 Elec & Peo Tr 4 s 81)
1000 Kqt III Oas Aa.lOStt
1000 Interst llwys 4a 38
4000 I.en Val gen 4s. Ill
300U do gen. 4J4 a.. 100
12000 do Coal lis... 11)3 .
2000 I, V T rot M. WlW
1300 Nat Pr Co 4.(ls 70
1000 Pa Co sen 4t4a.l()l,
3200 I'hlla Ulec 4a.. 84
1000 Head ren 4s.. H3H
2000 Vn ltwjs Inv 3s 74
7300 Wclabarh Co 3s 03W
Low. Close.
Increase.
-Decrease.
an
103W
OH
loo
103.
IHVi
tlU
8Sh
74
Daw
K(l
loo
103
OIU
70
,8i',i
,,3H
1184
Net
chge.
"U
..Total sales. ,3,000. compared lth $33,700
.ilnniMyt thus fur this eek, R,iiKl Name
period last week, fl 32,300.
Local Bid and Asked
Philadelphia Hapld Transit trust certifi
cates occupied all attention In the trndlng
on the Philadelphia Stock Exchange to
day. Buying of the stock was said to be
grood, nnd during tha day tho price advanced
a point to 20, more than SOOO shares chang
ing hands. ,
Tha buying was based on good earnings.
It was said III tllO Street that h. nnmial
report tar the year which ended last Fri
day will show more than 4 per cent, earned
on tho stock, nnd that the earnings nt the
present tlmo are running between 5 nnd 6
per cent. Some persons In the street said
today that It would not surprise them If an
initial dividend were declared this winter,
the rate to bo about 1 per cent. There aro
SECURITIES AT AUCTION
toJal? Ifn-'TZU" "old Bt ,,u:tlon
STOCKS.
" ;j.r38Tp,(ianr,piad?Bi,.1?ri,.,j cov
? hr. Be Imont Driving club . ....'. .
4 shrs. Philadelphia mile Club
4 hr;;',Vf"ld-. Traction Co. pre-
10 ahra. lllversido
n
Innn! na, l?,n
shrs. liflzabeth n'lid
Traction Co.
Trent oii '
-nnr1 Cr 1 43n
lOOOO shrs. Orchid .Mlnlna- Co.
unai
13 shrs. Philadelphia
lUU
111 snrs.
3 shrs.
par
3 shrs.
.. .par $100
1,
0
Halt-
Davenport,
T.l
Trust Co. 1 par
12
33
20
30
IS
20
$4
many yet, however, who think that a dlvl
dend on the stock Is still a long way off.
The whole local market followed In lino
with tho better tone shown In New Tork
and price changes In the few stocks that
changed hands, the trading being on a small
scale, wero on the side of advances, nlthough
the gains were not large. A change for tha
better In tho Mexican situation, brought
about by the conciliatory tone of Carrania's
answer to tho United States, was responsl
ble for the better tone and the Street gen
erally was more optimistic
Baldwin made the largest gain, advancing
mora than two points In tho first two houra
of trndlng, while several other Issues moved
up fractionally, nmongthcm being Phila
delphia Electric, Lehigh Navigation, Union
Traction, Pennsylvania and Warwick Iron
n"d Steel. In the afternoon Cramp sold
Ilnldwln
drill, J O
Muff A Sua t c
do pref
Hlec Storaa-Q
Qen Asphalt
do pref
Kont 8eeu
do pref
Ke- slone Telephone . .
. 1
do pref ..
1 , 1.U, p
Lnhluh Navigation ...
l.ehlli Valley
lyoiiluh Valley Tran .
do pref
Pennsylvania
l'hlla Electric
Phlln Co ,
do 0 per cent, pref.,
Phlla It T t c
Ilrndlnc
Ton Del
'run Mln ,
Vn Trac
1; O I
V a steel
York Ilwy
do prer ,
Wm Cramp T Q
Tlday
Phi. Asked.
72
33
32
no
B2',4
33
0
33
77
13H
toi
07.
4(1
20
118 1',
rJtl'
44
K7
73
311
34
38
031-i
34
10U
80
78
14
1 t
0S,.
fo'S
42',4
Monday
Hid. Asked.
1
33
32
no
11 m
33
711'i
20
78
13i
lt.
07 '4
lllk
"OK
72
311
r,4
38
02V4
34
7014
22
70
a
08
MS
701J
41 42
t3
37
70
211
40
lull
20',
UN'i
,11
88
87
NI
V.I H
411
18Ti
08
ft
43
88
8IIH
1.1
37
80
III
lH
10
118 U
!'
43b
8i.
Ml'.
13
37 'a
81
NEW YORK BUTTER AND EGGS
NHW YORK. July 3. nUTTEP. Easier.
lendlnB erodes "ic. lower. noclpts, 17,1011.
ICitr.ie. 284c. i hlaher scorlntr, 20c to 20'4c. ;
Stato dairy. 2Sc. to 28Hc. ; Imitation cream
ery, 2.',i4 c.
KOCiS Grades (air, hlsh grades Orm, other
wise market steady. Iteeplpts. 20,003, Extras,
2flt?27c.i extra firsts 23c. to 2.114c.: Orats,
23(4c. to 24'4c: white, 20c. lo 31c; browns,
28c. to 2814 c. ; mixed colors, 2314 c. to 27c.
RATES FOR MONEY
Call.
4
New York
Philadelphia
lloalon 3
Chicago 3U 4
Cf'N'ti?riai'riAnki'liiarJio6 333
1JW,d!lI'h'a National IJank;
IIOO , jfjn
,'1n,li"Phla National - iJAnki
",""' HKP'S'l 'TfustCo.Vpar'lio.;; SoK
Co 'Sir i Rh,ft L,fe inuice 3
30 ulirs. (Inrmnntnuin riiu ' -W ' i,l AJ-li
14 .h?.trp,hil.i5'i"KnBer -oy Co" . 103i
14 shrs. Philadelphia ami Western nail-
, uwy,Co. preferred! Par J30 ... , an
10 shrs. American Pipe And Construe-
, . tlon Securities Preferred; par 1100 D4
40 shrs. American Pipe and Construe"
' BhK', 9.lrnr(1 Av"nuo Farmers' Mar
10 shrs, Waynn Title and Trust'.'.';;.-' lais
2 shrs. Second nnd Third St. Passenger 233
, BONDS.
J1000 Cllv Light and Heat Co.. Fostorla.
?.-- B vtT cent' fl"t mort-
RflRO a a I ..I lift
2000 American Manganese Jtnn'uf'a'c'tur
lnr,t.i;.. 11 per cent., second gen-,0-
. . . mt. unhar mortgage ..... ..." r5
32i.ll American Mangnneso Jfanufactur-
urn uo. itrnctional rertincntes). 55
NEW YORK COFFEE MARKET
NKW TOItK. July. E. Tho coffeo market
for futures opened firm this morning with
advances of 17 to ID points. Trading was
nctlvo with sales on the call of 14,250 bags
Prices follow: '
September
October .
December
.March
Jlay . ...
Today'a
opening.
.. 8.108.18
..8.17
. . 8.2nW8.30
. . 8.40CT8.47
. . 8.noi8.r.7
Monday's
close.
7.07IJS7.08
8.02 8.03
8.12W8.1B
8.2708.28
8.37.58.38
-j
Tax Free Investments
Many good bonds, free of Penn
sylvania Tax, are presented in
our
July InvcBlmcnt List
and (heir merits described
in a general way without
technical or statistical
display.
Tho circular will bo furnished on
request.
Edward B.Smith &Co
EsTiBLiinra 1853.
, BANKERS
ifrmoers NewYork'and PhtladthMa
Stock Exchanoet
1411 CHESTNUT STREET, PlllUDEtrBU
80 n.NB Sxeket New Toas
BAR SILVER
London was quoted at 30?. d.
York was
Par silver In
todav. nfr i n.
Commercial bar silver In New
quoted today at 1)3 Tic. off He.
A two years' comparison
of conditions in Canada
is an interesting feature
of our
July
Bond List
of Canadian Government
and Municipal issues.
These bonds combine
maximum of safety with
attractive interest return
varying from 4.85 to 6.
Our list contains an un
usually wide range of
carefully selected offer
ings. Write for List C-S3
Wood, Gundy & Co.
14 Wnll SI., Now YorU
Toronto Montreal London
3 The Investment
Situation
is summarized in our July circu
lar, and in addition there are
One Hundred Offerings
that arc 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 to uli be glad to lend on re
ouest tor circular L-I88.
A. B. Leach & Co.
Investment Securities
115 South Fourth Street
Philadelphia
New York Chicago Buffalo
Unstnn London, line. Daltlmnr
$100 $500
READING 4s
Due 1921, 1926, 1931
Net debt only 1.4
Tax Exempt In Pennsylvania
Send tor comolete detail
N.W.Halsey&Co.
1421 Chestnat St.. 1'MIaiIelphla
New Tork Chicago San Franelaco
JllllllHIIIIIIIIIIIHIIIimilHIUll!lllllllHimiHll
MERCHANTS aro never em
barrassed by temporary lack
of capital when they uso the
Morris Plan of Loans and Investments.
?S'4tWs".fs
Over 1,000,000 nlreadr loaned,
nils on rcaaest.
I)e-
MORRIS PLAN COMPANY
1507 Arch St. of Phila.
Brown Brothers & Co.
Foim-m and CirESTmrr Streets
PHILADELPHIA
Securities and Income
We take charge of securities and collect incomes for persons desiring i,
to be relieved of such details, crediting an account subject to check f
or remitting amounts collected.
PURING 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 of
15th and Chestnut
iHrfnr li1 tFl 1 I ill Prll
Logan Trutt Company of Philadelphia Building
About to Be Erected
PATRONS will find 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.
t
Logan Trust Company
of Philadelphia
rcowiana wmiy, v res.
WiWam BvadUvay, Treas.
X
Nk
a.