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P
EVENIMt LEDGER-PHILADELPHIA, THURSDAY, JttLY G, 1916.
;C"l '..
Mr
s. -
li
M:
.-..;-:-.
FINANCIAL NEWS
. ymmmiAmmm
: H IVlDteNCE OF BROADENING SHOWN
.. 4 IN TODAYS WALL STREET TRADING
u "While Commission Business Is Still Small Larger Inter
ests Are Aggressive Buyers Distinct Turn Due
to Better Mexican Outlook
High Points in Today's Financial News
Directors of Cosden & Co, dectared a BO per cent, dividend. The Penn
sylvania Railroad sold $80,000,000 nine-monthr notes, Federal Reserve Bank
of Philadelphia advanced rediscount rates on two classes of paper. Extra
divideHd Vf &.per cent, dectared by Union Steel Company. American Light
and Traction Company declared a stock dividend of S J-J? per ccnti on common
stock Extra dividend of 1-i of 1 per cent, declared on second preferred
slock of Finance Company of Pennsylvania. Price of bar silver lower in New
York and London. Unfilled tonnage statement of United States Steel
Corporation expected to show decrease of about 160,000 torn for June.
new vonic, .luly e.
The most satisfactory feature of the day's stock market trading1 was tho .
increased activity and the evidence of a broadening tendency. While commission
business was- small, reflecttnsr continued Indifference of the general outside public,
large Interests were In the market as aggressive buyers and were easily success
ful In forcing substantial gains In many issues.
It was admitted by somo of them that the business wan largely of a manipula
tlvo character, but It was Insisted that this manipulation had become necessary
In order to make current prices ngrco more closely to recognized values.
The temper of this Important element lias shown a distinct turn In the last
few days. This may bo partly the result of the brighter Mexican outlook, but It la
a fact that strong Interests were buyers of stocks at recessions when the Mexican
situation was In a critical stage.
The. speculative element, both on the floor of tho exchange and outside of tho
board, has beon persistently committed to tho bear side and without doubt selling
of this character has overcrowded tho short side. This made tho market quick to
respond to any bullish development or effort.
A now situation has been created In Heading, nnd that stock seems to have
started another upward movement, although the Incentive on which new buying
was induced has proved unfounded, according to statements by officials of tho
company. This was that tho Reading Iron Company hud been sold to Dothlehom
Stool. It was pointed out that virtually all the stock of tho Heading Iron Com
pany is pledged as collateral for the general mortgage 4s.
NEW YORK
Last close. High. Low.
AJix Rubber OSH C5W 05$
Alaska J Gold M 8 8H SH
Alaska Gold Mines 17! 183 17,'.'
.- Allls-Chalmcts Mfe 24 21 23f
AllIS-OMrjpt..... 7fM 7J5W 74W
Vim As Chemical 68 CSH OSH
Am Beet Sucar... ....... 035 93 0.W
Am Can GSM 65K SIW
AmKJar&Fdy Rl M MM
AmCar&Fdypf UOH 110M HOtt
Am Coal Products US 14SH MS
Am Hide & Leather 10!f It 10.'
Amltldo&IiBf 02 WH 52
Am Ico Securities 20 2SK 23Jf
Am Llasocd 20 20JJ 20
Am Locomotlre... ...... 07H CSH 03!
Am Malt Corp'n pf 37W 39 3&H
AmTmelt A Kof PSX OGJf 05Jf
Am Smelt & Hcl pf in 110H 110H
Am Steel Foundries 60 SO 50
Am Sucar ncflnlne......HO!f 112H 110K
Am Tel & Tel 128U liSU 128K
Am Tobacco 207 -207 2C0IJ
AmWoolsn.... J5J 4DH 45H
Am Woolen pf CO 03H Soli
Am74ncLASm 37 37Jf 33!f
Am Zinc L&Smpf .... 55 (V5 03
Anaconda Cop M . , S3K . 83 H 82) i
AtehTop&SF IOoU 105TJ 105
Atch Top & 8 F pf 00 09 OSH
AU Coast Lino 11-05 115 1MH
Bald Loco Wks 72M 73J 70
Bait A Ohio BOH OOH S9!f
Bait Ohio pf 70U 76H 70!
Batopllas Mlnlnc V,i 2 2
Butte & Superior 00 COH 03
Cal Petroleum 17H 19H 18
Cal Petroleum pf 44 40J 40
Canadian Pacific 181M 182 160H
Central Leather 50K 67Jf 57
Central Leather pf llljf 111J 1UH
Chandler Motor llUf 113 112
Ches&Oalo 0311 Wi C3.U
Chllo Copper 21H 21 21
Chlno Copper 50H 61 BOW
ChlRI&Pac 22M 23)i 22M
Chlcaw Orcat West 13 13)i 13M
Chicago Mil & St P 00 09K D8Ji
CGO&StL 65H 3 58
Chi & Northwestern 130 130 130
Cluett, Pea & Co 733f 73 H 73H
Col Fuel & Iron 42H 43 42,4
Col & South 2d pf 67H 55 55
Continental Can 101 103 101W
Consolidated Oas 133H 130 135H
Cora Products Ref Mi 143. UH
Corn Prod Kef pf 00 01 00H
Crucible Steel 731f 74H 71K
Cruclbla Steel pf 114H 114H 114K
Cuba Cane Sugar 01H 03W U1H
Cuba Cane Sugar pf.. . t. 05M I!f Ooli
Deere & Co pf..u OOJf DO SOU
DenrerAKloGr 13H 11H 14!i
Denver ft Rio Or pf .... U2H :ilH 32)(
Detroit United Rjs 117H ll'J 110
Distill Sec Corp'n 44H 45H 45
Bee Storage Bat 02 02U C2'f
Erie ,., 30Jf 373 38H
Erlelstpf 5a 54H 53U
Gen Chemical 303 305 305
General Eleclrlc 1QW 103H 169
General Motors 560 500 500
Goodrich U tf 70 7H 76
Greene-Cananea ,... 14!i -.GK 45
Great Northern pf. 120H 121 120H
G Ncfs for ore prop.... 35!f 36U 35K
Gulf States Steel 81 HIH 81U
lUlnoIs Cent ..105 10.K 100
lot Agricultural pf 48H 49!i 49
I I;tCon Cor r t csh.... 17H 17M 17H
IniI"oer 11H 12H 12
InlPaperpf 5QH 57i 67H
InspCoaCop 501J 52 50)a
Int Nickel v t cfa 48 48H 47
lot M M e of dep 20 20H 25H
Int M M pf c of dep..., 02H U3 OUf
Jewel Tea 70 81 SO
Jewel Tea pf, 105 104 104
Kan City Southern....,, 2fl! 28W 20)j
Kajr J ft Co..., 07 98 08
Kennecott Copper. ,.,,.. 49 40 48JS
Laclede Gas 105! J. 100!,' 100
Late Erla 4 West 20 SOU 20!
Leilgh. Valley 80 80H SOU
Les Rubber Tlia ...., . 48H 4Sf 48
Long Island 35H 30 30
Louis ft Nash ..133H 133H 133) 3
Maekay Cos,..,. 81H 82H 82H
MackarCospf ...03 68 BS
May Dept Stores , 03H 63!i 63H
Maxwell Motors ..SOW HIH SOH
MaxweU Motors 2d pf.50H 57 57
Mexican Petroleum 102H 101M lOIJi
MUw St P ft S1 S M ,.12S 129) 128H
M St P.& S S M pf , .. 135H 137 137
Miami Copper ...35)4 35K Hiii
Mo Kan ft Texas , 4H AM 434
Missouri Pacific 7H 7H 7H
Missouri Pactrcfs...... 7H 7JJ 7U
Nat ctoak a suit pf ....no no no
NatEaamftSCo 24i 21 24
NatLeadCo 66)f 68H C8H
NevCooCop I6H WW 161
New Yorlc Air Brake. . . .13 1 131 134
SVNU4U 62H 63 62
Kew York Central 105J 100W 105!
KYCSitStl ,..42 43 43
KT Oft West 28H KS 271i
Jfortotk ft Western 13UJ 132). 131U
NortheraFacinc.., 113JJ 114H 114
Oatarto SflterMlfl 7 7U 7U
PenaRiUroad 68M 68)f 58H
Close.
OoH
8H
18U
23!f
75
OSH
04H
54H
53H
110H
1-18W
lOJf
53
28
20.H
00
381i
05!f
110H
50
111H
12SJX
200J.'
45H
05H
33
CH
83
105
08f
116
71JZ
00
765i
2
04M
19U
40)
180K
57
111)5
112M
C3Jf
21
5QH
22H
13H
98' i
58
130
73H
4J3
55
102
135H
14)i
OOH
72
114U
U2H
05M
00
14H
33Ji
119
45
023f
30H
54
305
109H
500
70
45
120K
36
81K
106H
40
17H
12H
57H
52
47f
25H
91JI
81
104
28K
03
48H
106M
20i
60) i
48
30
133J4-
82) i
68
.03J
fc05i
57
I02)t
128.4
137
35!f
411
7ii
7)f
110
24
(JOH
16)(
134
62
105U
43
'iV.i
131U
114H
1H
6SH
DIVtOENSa
p-, A HTIN0 OK THK 110.1 ED OF
Pirectenr at the Bank of Camnirrce. beld
July 6th. lyltf.', wbUwiiuI dividend of 4
itjl per bir ws dUreU to. stockholders at
iUafl July llitt, 181(1. jyb! July lBih. ISIS,
CtHtGtf
ill l3 Bla ilCU
JOUW P. XOtJB. CasWfr.
USCA! APVEa'QBEMEXTS
jpSa?
S8SATS Of M.UJK fiJiIITH 2tViSi,
&eaAe& -. latitat tstAluenta.rir an t&A
tUiiwi, ail Bcraans Is4cbtt ta tfco sld Hints
Sm rmttd to cub piymint. sou tboi: bav
Jsm, ciiffi a prteut u Mint, without d.
W AfcBEHT T. DAUEHLE.
S0 Casuamwtlth. UaMas.
ommw U ACCOUNTANT
jCurtJftid JFsiiii AttaUBttat
LAVVitliflCW U. tUttW CO.
SBiai. xMA.vm fsitfrsT 8UiUt
mUKjTik jUtjijJLHiLUt
STOCK SALES
Last close. Hlsh.
Philadelphia Co U) -IllJi
Pitts Coal Co N J 281 j 28,' i
Pressed 8 Car Co 17' i 48
Pub S Corp'n N J 130)1 130H
Pullman Co 153 103
HyStcclSpCo 44 4f..'i
Hay Con Copper 22- 22
neadlne OS'S 101!
Roadlng 1st pf 42!f 42'j
Readlnc2dpf 45 45!i
Republic Iran & S 4,")i 40
Republic Iron & S pf....l07) 103
St Louis ft S V 1st pf . . . 7J'i 8
St Louis ft S P 2d pf . . . OH Gl$
Scars H00& Co 189H 101H
Shat Arlr. Cop 28H 29
Sloss-Shef S ft I pf 00H 03H
South Porto R Sug 18) 185
Southern FaclBc OSH 99H
Southern Ry 24H 24)i
Southern Ry pf 09)f 70
Standard Milling 03 08
Standard Milling rts H H
Studebaker Co 135H 1373S
Tcnn Copper 33H 35)f
Tcjas Co 195 195
Texas Padllc 13 13l
Third Avenue 07 07
United Cigar Stores 90H 90U
Union Bag ft Paper 5H 5H
Union Bag & Paper pf. . 33 34)
Union Pacinc 139H 140H
U S Ind Alcohol 13 H 133)f
US C I P & F 22 22
United Fruit 1C0H 102U
United Rys Inv Co pf . . . 20 195$
U S Rubber 1st pf 109! 1093 i
V S Steel Corp'n 87 S7K
U S Steel Corp'n pf 117H 117H
U SSm It & M 71H 7.i.'i
Utah Copper 78H 79
Wabash HJf 14H
Wabash pf A 62,U 52H
Wabash gr B 2bJi 28'f
West Union Tel 95 OJH
WestE&M 5fe)a 59)4
Western Maryland 30H 30
Wheel ft Lake- Erie 5H SH
Wheel ft L E 1st pf 18H 17H
Wheel ft h E 2d pf 7f 7!f
Willys Overland 72) 1 70
Willys Overland pf 107H 10S
Wisconsin Central -I4l 47
Woolworth F W 136H 13C,'
Quotcil ex dividend.
I.ow. Close.
40'f 4tl!i
2i 2S),
47H 47,'i
130H 130H
163 lttl
4 1 45
22) i 22).'
9SU 100
42H 42'j
45 45.'i
45H 15H
1C8 108
7i 7H
OH M
190 10())i
28 2S
05) i 05) i
185 18.5
US); 9S'f
24K 24H
C9'i 70
07 98
H H
135H 135H
33H HVi
104 11)4
13H' 13U
67 07
00U UOU
5H 5H
31! J 34H
13flJa 1393
130H 132H
20,'i 2 IH
101 101!
19j 10H
109H 109) .
ttHi S0)S
117K 117)f
72!
rsH
78H
14)i
51H
281f
94,'.'
58
30
5
17ti
731
14H
sm
2s,l4'
01H
68
30
5
17)5
7)1
73 W
i)i
107H 107)5
44)5 4034
13CH 130H
BANK CLEARINGS
Bank clearlnss today compared with corre
sponding day last two years:
101(1 1015 1014
Philadelphia. .4II.SU,384 128.954. MO $2.-,.Ul,0.fiOS
Boston 40,'.'1U.8U4 2T.4W3.28S aA.IIKI.OS.I
New York ..501,118.(1.12 317.fl7D.n8rt :o.l,as.l.4H3
Chicago 72.423.7S2 SSiSS7.034 01. 121. 411
Tax Free Investments
Many good bonds, free of Penn
sylvania Tax, are presented in
our
July Investment List
and their merits described
in a general way without
technical or statistical
display.
The circular will be furnished on
request.
Edward B. Smith & Co
ElTiDU.niD 18 OS.
BANKERS
Ifrmbert ttto York and PhilaiilpMa
, Stock Uxehanata
1411 CUIST.NCT BTBIET, I'lIIUDlLpim
SO riNE Stbkr New Tobc
Empire Gas & Fuel Co
1st Mtge, Col. Trust Sinking Fund
6 Bonds
Guaranteed u to Principal and Interest
1'eaniijrlvanla Slate Tax Befunileil
These bonds are a first Hen on the
securities of companies valuedtby
experts at over 27,500,000. none of
which will create any mortgage In
debtedness unless pledged to secure
these bonds.
EARNINGS
Net earnings of the properties to
be ovined by the Empire Gas
and Fuel Company In 1818 were
1,801,333, oyer twice annual interest
charges on this issue.
Estimated net earnings for 1916
based on net earnings for first
quarter f4.000.000, oyer twice as
much as in 1915.
This bond Is guaranteed principal
and Interest by the Cities Service
.Company; whose common stock is
now selling at about $350 per share.
Descriptive circular on request
Price to yield 6
KLMiV. & KEEN
1326 WfiLWUT ST.
JXetr York Stock xclusxe
1'iilU. Stock JUchaoze
dilutee, Kddrd of TrMdft
New York Bond Sales
Hlsh. Low, Clone.
Amr Hldo & I, n...lo,ik lua$ 103$
Anitio-French 59...... DO,, ; OBji
Arirentlne in ........ VK ,$ ,2i
Amor Tr fit is li 0
Armour Co 4'ls 034 3H 1)34
Atenlson n 4a ... . Wi, Vfit ',
do Bill 40 8l ,84 84J!
lo cv 4 l!)() lev lojlJ lpjH
A C Line lit 4s 1)2., 02 02,,
. do clt in ., 8.-VJ4 8Ji 8oJ4
Unit ft Ohio aU .....D8M .02.15 ,2
.Iocs looft lo) In","
do 4 lioji t'OH no'4
do cv 4',4s B.VS .,,r,ll .Dr,
Ilth strol rf.1 (i.... lnott ioo4 looii
Ilrook It T. fi.19l8...100U lW'l HIOH
Cnn Gov 4s ll)21 .HDJi 09i DOH
do 1020 loots 100 ioo
do 11131 101. 101 101
cm oas ft i:t (H....9SU MM ,!
Cent Oeomla 1st B9..107S 107 iOJH
Cent l,ith lt 09 102., 102 102
Cent l'ne lt 4 R8'i RJi S8J4
cont im n J b itoViioujieU
Chen ft Ohio 89 ltM Iimi 11)4
do 4',S 00 W'l I'"
do conv B9 OS "lit Vi
Chi ft Alton Mi no,, 50 B)
Chi at it 49 7014 70 70
Chi ft Nwn pen 4 01 04 4
Chi II ft Q iotnt 4. . . . 08 4 ?,, ?'i
Chi II ft 111 49 114. l)4'i If.
Chi M A Ht V 49 04 114 04
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pJn r. 107H 1('7H 107Vi
do cp B9 10:l., 103., 10J
doe?4s .'"4 XiJ MMS
Chi H I ft V rM 4... 7B 7IJ4 744
do B9 M Mi 5J.
do 89 ct on stit ni 02 02?
Chlncso rrls 39. 1',, ,72 -l
Clev 8h I.lna 4'4s....lm)H I00H ll)0U
Col ft South 4H9 8SH snM MS
Chi Hws-9 Bs 074 I 7'4 0.54
Cubnn Am Sugar O9..1o2f Ina-V I02J.
Den ft Hlo Or 49 SB1. MU M'J
do rfd r,9 00 " 00
Bt l fiKv " Sir 1) ... . 8(Jt ftrt wi
Krln prior 1 Hl4 H4J4 814
llud A Man In Cb.... 21) 28 28h
tin rfd 89. 7lji 71. 714
Hock Vn 49 02H liBJi P2H
III R9teM deb. 44s .. 004 IJlH "04
Intcrb .Met 44 b 74jt 74 7IH
Interb It T ret 69.... (is4 1)8J4 osjj
Inter Mer M ct 44a..lor, Itujk 10IJ4
Internl l'aper rvt B.. ul U "l'i nt'i
Kan City Co l9t aa.. 0S 08S S4
I.acka Steel Bs 1023.. DflU mift 0JS
do 89 11)80 P24 02J4 .024
Laclede Ona 1st Ba... 1014 1014 1014
I.k Mh deb la 102H .. 115 08 08
do deb 49 1031 HIS .HIS I'lS
M A M T 89 looji looS ions
Loilla ft N9h 49 04s. I1 04
JIanlinttan 4s no , no. , on
do 9la 49 .H();4 .00 lion
Mlcri Htate Tel 89 ..1004 100J4 I011J4
M Ht S H Jt 19 1)2 H 024 0254
Mo Knti ft 2d 4 4(1 4(1 40
Mo l'ae ct 4b 40 40 4!)
do rv ct Bs 41), 41), 111
Jlont Power 89 .074 l7'4 l7J4
Nat Tube Cs 100. 100 100'i
,N V Air Ilrnke cvt (Js.loa'j 1034 103'.4
.V V C I, H 3 .70 .7(1, 71! ,
.V V C ft ltuii 09 111 113V5 Ha.
do aW 82S 82. 82S
do con 4a 83. 83 83,
do 44 8 031 l)3. 03?.
X Y Chi ft Mt I. tat 49 :4 til .04
N V City 4.1 1030.... loot, too i 100(1
do 4U 1IK1II 102S III2S 102S
do 4(jB ll)(!3 10JS 107. 107
4V4a 1008 losi. losi iosi
do 4'.4s Nov 1037.. 107W t()7'a 107'4
N Y O.ia It ft V 4a.. S4'5 S4'n M4
N Y N II ft II 4b 11)8(1 71) 70 711
do 09 1124 112'j 1124
N Y Itwy ref 4s 704 7(l'4 7U'4
do adl 8s B7t B7i r,7?
X V Htate 4'.a 118 118. 118.
X Y Tel (ten 4".4a.... 08 .U8S !
Xorf ft West cvt 4V4B.132, 132, 132
Xor Pae prior 4i M2W U2J4 02(4
Nor Pao sen 3a .' (HI 3J OB
oro Short I, ref in 02 4 02. 02J4
l'acltle Tel Ba loo', lou.. Itio.
1'enna Is 1048 imS OIIJ4 OUJ-i
I'ennn 4a tliilil 101s. 1! loi'i
Puli Serv N J a 01J4 01V) 014
Iteadlnt- Ken Is 07S 07',i 07l.
neadlnB-Jer Cvn 4s... P7 07 07
Iter Ir ft S 89 !IJS 0754 07S
Ht I. I M ft So Ken 89 81 81 81
o Is 71'5 71'4 7IV4
St I. ft 8 P rfd ct at 4a 73 78 78
do cell ct 4n 72S 72'i 72U
do cv w I 33 B3 B.",
do for A w 1 70'. 70'4 70'.
dn a9 w I 84 81 84
fit Paul II ft M lat 4a Hit lid Oil
Hoaboard A I. ndj 8s. . H7S (17"i (17S
South Hell 8a 10()i lull, loo.
South Puo cv Is KK 88 88
do cv ret f p 89 lot 103'i lot
South P.ic'rfd 4s 110 Mit 00
South Hivy sen 4i "l'i 71 71i
do con Bs 1019 lol'i 101.
Third Ave ref Is 81 81 81
do udj 39 70'i 705a 7n'4
Toltlo 8s 77i 77S 77.
11 S (Sov 3i 100 100 100
II S Realty 3a R4 (1854 "8U
PS iiubber da 102!i 102U K121.
U H Steol 8 T 8 103 108 103
do rep Bs ...10IT4 104T4 104T
V S S ft It lis 113 113 113
Union Par lat 4s 07 Ollti 01114
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PUBLIC SERVICE
SECURITIES
Public Service Securities arc a lien
on the success of communities.
G, Municipal Service Company, cu
mulative G'i'v Preferred Stock, preferred
as to assets and dividends.
G, Additional preferred stock, may be
issued for cask at par or in payment
for property or securities, but only
when net earnings are equal to 12 co
on that outstanding and to be issued.
tfT, The company shows earnings largely
in excess of required charges, and owing
to location of situation have a remark
able assurance of saf.ity of income.
G, Free of all Income taxes Pennsyl
vania and United States.
0 Price to yield 6.42 Vc .
Barken Ayliig 6. biig
Laid Title Bldg. Philadelphia.
B.A.
o
Commercial Trust Company
Cily Hall Square
Report to the Commissioner of Banking, June 30, 1916.
JHnt m
H, W, Biddle
C. Stuart Patterson
Horatio G. Lioyd
J, R. McAllister
Cifarlernagne Tower
John H. Mason
John Cadwalader
Clement B. Ncwbold
Seward Prosser
CURB IS STRONG;
MOTORS IN LEAD
Successful Syndicate Operations
in Stiitz Causes Activity in
Other Auto Issues
NEW YOItK, July 6. For a (rood part of
the day tho curb market showed pronounced
strength, with tho motor stocks directly In
fluenced by tho successful syndicate opera
tions In Stulz Motor which were closed.
This announcement created n good demand
for other motor Issues, -with Chevrolet be
coming the most prominent feature, advanc
ing from 229 to 244, while United Motors
showed a better tone than It lins for some
time past nnd ndvnnced from 70 M to
above 74.
There were many other --g features.
among the moat prominent bo. up; Knthodlon
Bronze preferred, which opened at 25ai and
moved up ,to 274. Tho belief prevails on
tho Street that tho banking Interests Identi
fied with the placing of munition orders
have been actively concerned In the market
for this stock for Rome time.
lNDUSTP.tAr.8.
. . Bid. Askfd.
Aoln.t Explosives 181 in
Flemish l,ym 14 8
Am Ilrlt MOr f 8, 13.
Am Marconi .IS 3?4
Atlantic Oulf & W 1 074 07.
do nref 04 04(4
Canadian Car Co 02 07
Can Car ft Pdy pret 80 83
Chovrolot Motors , 238 240
Curtlss Aeroplano 42 43
l)rtg-Srah 123 180
Elsenlohr Tob HI 49
do prof 05 100.
Kmcrson Phonocraph li 11V4
Haskell ft Parker Car ...ad 08
Hendee Mfa as '27
Inter Mtr Marine 234 27
do pro! , !i2 00
Knthodlon llronze prof 204 28
Maxim Munitions (5 7
Manhattan Trnns 1 11
Mldvnle Htecl 0454 fl4i
oils Illevatnr 37 30
Peerless Motors ..,,,.,,,.. 23 27
Poolo line InO 118
H 8 Kros?e w I 10 104
Standard Motors , 84 7
Submarine , ., 33U 304
Trlaiiislo Kllm 2f a
United Motor , 78. 74
United Prollt Shnrlns . !
V H I. and II com 2(4 Sil
do pret , 0 (Hi
White .Motors 37 374
World Film 1
STANDARD Oil. STOCKS.
Illinois 1(10 1(13
Ohio 224 22(1
Prairie Pipe 21! 220
M o nt California 248 28(1
8 O of New Jersey 318 822
H C) of New Yurie 204 207
OTIIKll Oil, STOCKS.
Cosden Oil 23 2?,
Ohnlnier.t oil 4 8
Inter Petrol 10i KH4
Houston oil ;.... It 17
Midwest Penning (17 08
Sapulpa llennlnK r II T4 ll'H
MINING STOCKS.
Atlanta 10 11
Ilutto Copper A Zinc 8U 3'i
llutte ft N Y IS 2
Orro de Pasen 04 33
Plrst National ,. 3i 4
(loldOeld Merger 8 ID
lleda Mlnlnp BW 34
Howe Sound IS 1H
Jim llutler , 00 03
.lumlio Extension 77 71)
McKlnley-Dnrrnirh 30 S3
3IaRmn Copper 14 i 3
Mines Co of America 24 2si
Nlplsslns HT 71,
San Toy 14. IK
St Joseph Lead 18); lit
West Knd Con 1 1-32 1 1-10
While Oaks D (1
P.0NDS.
Cerro do Pasco 10R 112
Mlihule 00 iti'.i
e Market Street
National Bank
of PHILADELPHIA, PA.
June 30th, 191C.
RESOURCES
Loans nnd Inver.tmontH 110,186,508.40
Customers' Liability under
Commercial Letters of
Credit nnd Acceptances.... 551,552.02
Due from Banks 1,638,848.35
Kxchnnges for Clearing House 432,702.87
Cash and Ileaervo 2,131,813.29
$14,941,544.99
LIABILITIES
Capital Stock 51,000.000.00
Surplus and -Vet Troflts 1,409,621.7.1
Circulation 800,000.00
Commercial Letters of Credit 27,552.02
Acceptances under Commer
cial Letters of Credit 524,000.00
Deposits 11,180,371.24
$14,941,544.99
W. r. S1NNETT,
Cashier.
Frazier&Cq
INVESTMENT BANKERS
Broad & Sanson. Streeti
RESOURCES
Loans, Demand and Time $8,462,049.10
Corporate Notes 2,893,834.61
Securities 7,421,997.40
Due from Banks and Cash 7,633,659.78
Miscellaneous Resources 40,905.14
$26,452,446.03
LIABILITIES
Deposits .$23,584,479.66
Capital 1,000,000.00
Surplus , 1,500,000.00
Undivided Profits ,...,. 367,966.37
Corporate Trusts
Personal Trusts
,,.,...,.....
Thomas DeWitt Cuyler.Fresldent
John H. Mason, Vice-President C. P. Lineaweaver, Vice-President
H. W. Stehfcst, Treasurer
Samuel A. Crozer, Secretary Mark WhTcox, Assistant Treasurer
Henry C, Gibson, Assistant Secretary
Directors
Thomas DeWitt Cuyler
Samuel Roa
Samuel T. Bodine
Robert K. Casnatt
Morris L. Clothier
William M. Barrett
E, W, Clark
L. E. Johnson
William H. Barnqs
Sates in Philadelphia
Net
Low. Close, ch'ge.
110 120 A
,08., ,08., Si
ios4 lor.H .....
80 30 8M
"1. R7. ,
80!i 83ji 4-.J4
03(4 fl.lj? 14
"a h
104 IIH !4
734 75ji ..-,,.
80(4 804 .!4
22 22 1
07., 57., 1
884 .33(4
102. 1()2.' .....
88(4 384 H
40 , 40j. 4- 4
40. 40 Ik
28H 284
20 20.,
77. 77i
1)1)'4 lOOU 2
434 434 .....
0 41 4 ,1-iO
44 44
88 88 . .....
80H 811H U
70(4 7II
49(4 404
70 70.
18(4 18 1
37(4 87(4
Nel
18 Am Ons 12(
20 Am Uwyn pref 085
10 Atchison 103?4
7 Hurt S t e .. 31
0 do pref 37.
.-' Drill, J a .,,. 85J4
83i) Kleo stor .. .. 03
30 Erin .......... SJ
14 Oen Asphalt pfd 70
itu ins uona -(.
100 Insn Copper.... 014
1223 Lake Sup Corp. 114
120 Lehlsh Nay ... 70U
30 i.ehlgh vai ... 80J
00 IihlBh Vnl Tr. 22
14 Mlncnlll 07.
.10 .Miami Copper. .834
100 Jlei Petrol,. ...102.
177 Penna It It .. 3Bi
03 Phlla Co 40M
132 do cum pref. 404
1120 Phlla Electric. 20
204 Phlla Hap Tr. 20U
5300 do (r ctfa.... 204
17 Phlla Traction.. 77i
805 Keadlna ...... .lotH
10 do 3J pref.. . 45il
loo Ho Hallway 24'
470 Tono nelmont ..4 8
7(13 Union Traction. 44
2J() Unit Has Imp . . 88
2383 IJ H Steel 87K
8 Utah Copper ... 70M
I) W J ft Seathora 4014
21 Win Cramp A S 70
1(10 York Itwy IBS
- 43 do pref 87(
PONDS.
13300 Am a ft E f.a... 98J4
1000 Ele Peo Tr 4s 80(J
100 Edison Ulec.3s.103
BOOO l.h Nvcns 4'4s.l02..
0000 Lh Val Bcn.4s...0lVi
21000 do pen 4W s.. 100.
430 Nor Prop, 4-0s. 70'4
18000 Pa uen 4(4s.. .10IH
8000 Phlla El Is 83i
0000 Peadlnit en 4a 034
10000 Itead-Jor Cen 4s 97
8000 tin ny Inv Bs.. 08(4
Increase. Decrease.
Low, Close, chanae
tii
80H
103
:nt(4
.so 5
103'
102,,
,01(4
loo
1UO
.70. 704 (4
I01J4 1014 Jk
8.1i 83. I
m
1)34
117
08(4
09(4
1
Local Bid and Asked
TndflV
Yesterday
Pld. Asked.
Pld. ASk1.
Puff A Sus t C 31 84 82 34
do pref . . . i . . . . no 88 nu 88
Prill J a .13 3D 33 :ni
Psldwln 71. 72 72 73
Electric Storage 03(4 01 (12(4 03(4
Oeneral Asphalt 33 3f :t:i 81
do pref 7t. 70'i (Ili-U 70(4
eystone Telephone .... 18. 14W 13'4 II
do t c 18. 144 13(4 14
do pret 07(4 118 (174 08
Lake Sup Corp 114 11'i 1114 lo'i
IslilKh Nav 73(i 70 73(J 73(4
l.ehlah Val 80 804 811 80(4
l.ehleh Val Tr. 22 22J4 211. 22
do pfd 42. 42(4 42, 424
Penna 8sU S8j B84 bh
Phlla Elcc 28ti 20 2Si 20
Plltla Co 4(1 40(. 8114 40
do 3 per cent, pref . . 38 ail 08 30
do (l per cent, pref .. 4U 40 40 40'i
Phlla It T t C 104 20 20 205
Itcadlnsr tioti iDll'S 081i H8U
Ton Pel 4 8-U 4!i 4 3-10 4'i
Ton Mln I O'.i .V,i 11(4
Un Trnc 48; 44 It 44W
u n i 8j;, 88. h-; 88
t; 8 Steel snij 801 S(tV 87
Yorlc Itwy 13(4 13(4 13 13(4
KATES FOR MONEY
.Call.. Time,
New York , 3. M4(l 3'i (M
Philadelphia 3(4 34 it 4
Hoston 8. 4 ftc -1 a
Chlcaso 3(4 i 4 34(9
Ion
National Bank
Third and Arch Sts.
Philadelphia, Juno 30, 191G.
RESOURCES
Loans & Investments $7,516,107.08
Due from Banks 1,116,169.92
Exchanges for the
Clearing House . ... 315,122.42
Customers' Liability on
Account of Acceptance 76,075.00
Cash and Reserve . . . 1,124,291.98
$10,147,766.40
LIABILITIES
Capital $500,000.00
Surplus and Net Profits 465,036.13
Circulation 465,197.50
Acceptances Based on
Imports and Exports 76,075.00
Rediscounts with Federal
Reserve Bank 209,276.99
Deposits . 8.432,180.78
$10,147,766.40
LOUIS N. SPIELBERGER,
Cashier.
INVEST IN MORTGAGES
AT 5.4
Recommended by
BEN T. WELCH
1328 Chestnut St.
$26,452,446.03
$272,589,500.00
11,528,557.18
Arthur E. Newbold
Sidney F. Tyler
Henry Tatnall
William C. Sproul
Charlton Yarnatl
John P. Crozef
Hovirard S. Graham
Harry A. Borwind
Casper W. Morris
Un.
EXPECT U. S..STEEL CORPORATION
TO REPORT A DECREASE IN ORDERS
Estimates Place Falling Off in June Bookings at Aliout
160,000 Tons Philadelphia Transit TrusU Certifi
cates Again Active and Strong .
For tho flrat time In almost a year it H
expected that tho United States Stesl Cor
poration will show a decrease In unfilled
orders on Its books. Estimates In usually
well-Informed circles are that the statement
lo be Issued next Monday, giving the book
ings as of June 30, will show n decrease
of approximately 150,000 tons.
Since the statement of September 10 lant,
when a decrease of unfilled orders, ns of
AURUflt 31, 19 15, amounting to about 20,000
tons was reported, the bookings of the cor
poration have been Increasing month by
month, with tho gains ranging from slight
ly In excess of 10S.OOO tons, reported a
month ago, to more than 1,000,000, reported
for tho month of November, 1915.
Steel authorities point out that the ex
pected falling off of orders cannot be con
sidered unusual, In view of the Increases
heretofore reported. From August 31, 1015,
to May 30, last, the bookings more thnn
doubled, and the total a month ago of !),
037,788 tons was 5,S73,200 tons In excess of
that shown on May 31, 1915, a year
previous,
Somo steel trade Interests state that
orders received during the last few days
have been somewhat smaller than those
taken last week. This Is believed to have
been due to the holiday feeling which
seemed to prevail. In somo lines, however,
thero nro Indications of good buying orders,
about the only difficulty being the fnct that
deliveries cannot be given for the time
requested by tho purchasers.
Foreign Inquiries are In the market. It
is admitted, but they havo been "hanging
NEW YORK BUTTER AND EGGS
NHW ironic, July fl. UUTTim more active
nn,l toon firmer. IlccclplB, 34,1X1.1 packacta.
Htnti dairy, 1!7V4 WSBC: othr (trade unrhawrnl.
KOCJH llfcflpln, lighter nml market generally
firm, nerylpts, as,7Il. Kxtrsn, VdCrilJc.i extra
firsts. S.IOSAHe.i flrnU, 1!3H 2tT4c.; while. 211
Wiilc.i brown.RfcaaVic. i mixed color. B4W2JC.
DAK SILVER
In London bar silver was quoted at 80V. d.
toiHy. a drop of V4d.
Commercial Mr silver., was quoted In New
York today nt 03 c, off '.4c.
ELKINS, MORRIS & CO.
BANKERS
Land Title Building
Philadelphia
High Grade
Pennsylvania Tax Free
Railroad Bonds
Equipments
and
Public Utility Bonds
JIEMIIKKS
Nr.1V Y011K AND rHII.AI)KLriIIA
STOCK nXCIIANR.S
THE
Pennsylvania Company
For Insurances on Lives and Granting Annuities.
TRUST AND SAFE DEPOSIT COMPANY
4 .
Broad Street Office', 517 Chestnut Street,
Chestnut and Juniper Streets. Philadelphia.
At Close of Business June 30, 1916.
RESOURCES
Cash on Hnnd and in Bank $6,9li,023.63
Loans upon Collateral 24,539,151.70
Investment Securities 6,217,580.90
Reserve -Fund for the Protection of
."Cash Balances in Trust Accounts" 6,717,938.31
Real Estate 933,235.00
Interest Accrued : 288,734.71
Min -llancous Asset3 ." 116711.9G
$43,724,376.21
LIABILITIES
Capital Stock $2,000,000.00
Surplus Fund 4,600,000.00
Undivided Profits 849,776.19
Deposits 30,240,012.79
Interest Payable 129,829.68
Miscellaneous Liabilities 4,757.55
$43,724,376.21
TRUST DEPARTMENT
Trust Funds : 5210,873,825.81
Corporate Trusts 372,780,530.95
C. S. W. PACKARD,
President.
CONDENSED STATEMENT
OF
FIDELITY TRUST COMPANY
, PHILADELPHIA
at tho close of businen June 30, 1916.
RESOURCES
Caih in Office $1,428,192.16
Caih in Banks 7,410,369.41
Time and Call Loam 11,062,486.78
Mortgages 5,246,800.00
Bond and Stocks 21,173,965.01
Real Eitate ., 1,270,979.00
Accrued Interest 239,031.82
$47,831,824.18
LIABILITIES
Capital Stock $4,000,000.00
Surplus Fund , , . , 11,000,000.00
Undivided Profits .,.,,,..,.,.....,.... 1,848,643.39
Current Income 260,595.35
Mi.cellaneou. 40,081.21
Depo.it. , . .... 30.6B2.S04.23
$47,831,824.18
Amount of Fund. Held In Twit.,.. $207,722,965.94
WM. P. GEST, GEO. H. KYD,
President Treasurer
GRAPHIC
A rnnv n( this ruide with
" r. ; .- ..
recommendations tor immediate
I JlliSAh J. - J-
5 La Vjftys.n.O..rrW.B.aa.Arn YCram3Tn.,B .Pi-Af.n
P3 UiiaBflnuj 7
Martin & Co.
Investment Bankers
1411 WALNUT STREET,
fire" for a week or more, nnd It Is not
yet known just when this business will be
contracted for.
Again lodny Philadelphia Itnpld Transit
trust certificates were tho most 'active In
the trading on the Philadelphia Stock Ex
change, moving up n half point In the early
part of the first hour. The company's stor
was not as strong ns the trust certlflcut
Thero was no news to account for 1
strength, nnd ns was the case yesterd.
the demand was attributed to tho exprctv .
large earnings for the year Just closed.
A strong spot was Electric Storage Bat
tery, which moved up 14 before noon nn
small trading. Lehigh Valley Transit com
mon gained a point, while American Obb
declined a point, Following the upward
turn In New York, Heading was also strong
hero. Some activity developed In Lake Su
perior In tho afternoon, nnd that Issue ad
vanced i,
Extra for Finance Co, of Pa.
Tho Flnanco Company of Pennsylvania
has declared a regular quarterly dividend
of $1.60 per sharo on tha second preferred
stock, also an extra dividend of U of 1
per cent, on tho second preferred stock, both
payable August 1, as registered July 19.
THE
FARMERS
AND
MECHANICS'
NATIONAL BANK
OF PHILADELPHIA
Statement of Condition Juno 30, 1916.
RESOURCES.
Loans and Investments $14,342,898.05
United States Bonds.. 1,509,364.53
Due from Banks 1,317,393.91.
Cash and Reserve 4,453,149.49
$21,622,805.98
LIABILITIES.
Capital ." $2,000,000.00
Surplus and Undivided
Profits l,S41,S4a
Circulation 1,385,000.00
Deposits 16,696.265.36
$21,622,80.5.98
OFI'ICKIIH.
iirAtt'inrv tr T TftffO TlrAalilnrif
EDW, STOTKSDUHY LEWIS, Cashier.
It, tl. AUl-ilJl-il. X. A88U iicmiui.
JOHN SCIILAGLE, Asst. Caahlor.
C. S. NEWHALL,
Treasurer.
y
GUIDE
A a Syr Srr
Rxolanatorv- letter including
r: . . r
use will oe sent upon request.
PHILADELPHIA
w
"
,, , , T ,. r