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EVENING LEDGER PHILADELPHIA, SATURDAY, JULY 8, 1916.
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FINANCIAL NEWS
GATHERING OF RESERVES BY TREASURY
OFFICIALS GIVES BEARS NEW MATERIAL
Heavy Payments of Cash to Subtreasury Cause of Much
Comment in Wall Street Speculative Element Con
tinues Drive Against Specialties
High Points in Today's Financial News
New York bank statement showed a decline in average and actual re
serves and also in average and actual loans. Production of steel ingots and
castings in United States during last year was SS,151,0S6 gross tons', the
largest on record. Dank clearings throughout country for last week were
47.2 per cent, above corresponding period of last year. Extra dividend of 10
per cent, declared by Eastman Kodak on the common stock. Ohio Leather
placed common stock on 0 per cent, dividend basis. Atlantic Gulf and West
Indies common and preferred stocks listed on New York Stock Exchange.
While domestic inquiries for steel are small, tho demand from abroad is good.
NEW YoniC, July 8.
Tho bear clement on the Stock Exchanso and tho plunders outsldo of tho
board had noinethlng new to work on aa an Incentive for operations on tho short
Ido In tho apparent gathering ot reserves by Treasury officials.
In the leading banking circles thcro was Uttle elso spoken of this morning
except tho heavy payments of cash to tho Subtreasury, which on many days has
been,a largo creditor at tho Clearing IIouso and so far scomH to havo retained theso
cash payments under Its direct control.
Because of this banks all around nro charging higher rates for money and
they seem to bo making hay while tho sun shines at Washington. Probably at no
tlmo since tho Federal Reserve act wont Into effect havo banking operations been
conducted with such substantial profits as they havo been during the last week.
Itenowals of July maturity, which nro largo In volume, havo been mado at 4 per
.cent, or higher, and unless conditions chango It Is assumed that further advancos
in tlmo money rates will be mado during tho coming wcok.
Tho Bpcculatlvo element on tho floor used this condition In addition to tho
changed character of hostilities In Europo aa reasons for selling stocks all around
tho room and met llttlo rcslstanco excopt In United States Steel common and a
few olhors of tho standard shares. Prices of the war-order stocks sustained fur
ther sovcro losses, with tho group soiling at n, now low level for tho year.
Ohio Lenthcr Places Common Stock on G Per Cent. BaBts
YOUNQSTOWN, July 8. The Ohio Leather Company, of this city, has placed
Us $400,000 of common stock on a 6 per cent, dividend basis, commencing with tho
third quarter. This stock has not paid dlvldonds for several years. Trado condi
tions In tho leather business aro satisfactory.
Eastmnn Kodak Declares 10 Per Cent. Extra Dividend
ROCHESTER. July 8. Tho Eastman Kodak Company has declared an extra
dividend of 10 per cent, on tho common stock, payablo August IB to stock of
record July 22.
CURB MARKET HEAVY,
WITITOFFERINGS FEW
Motors Are the Leaders, Several
Moving Up During Small
Trading
NEW YORK, July 8. Renewed .heavi
ness was shown In the market for outsldo
securities today In tho Initial dealings, al
though tho offering In nearly every Instanco
was of a light character.
Traders were conspicuous In helping the
downward trend. After tho first halt hour
small rallies followed on covering, the list
ing of Atlantic Oulf and "West Indies Issues
diminishing trading somewhat.
Chevrolet Motors, after opening up 12
points, reacted 7; United Motors opened up
fractionally, but subsequently broko a full
point; Sluts Motors ruled firm on small
transactions, while motors moved within
narrow limit.
Mldvalo Steel declined half on "rather
light offerings; Aetna Kxploslvo evenod up
, but subsequently declined l&. Marconi,
of America, ruled steady. Tobacco products
Were slightly lower. ,
Oil shares, whllo steady, devoloped llttlo
or no activity.
Mining stocks chowed only slight changes,.
.Bonus wcru iiukii'ui.cu
INDUSTRIALS.
Hid. Asked.
Aetna Explosives,.. 13 13W
Amerlcan-Urltlsh Mftr H 15
American Marconi 3H 3!s
Canadian Car Company 03 07
Canadian Car i Foundry pref.... H2 M
Chevrolet Motora 230 237
Curtlss Aeroplane 33 45
prlsgs-Seabury 1'-"-' 130
Elsenlohr Tobacco 3d 411
do pref t5 100
Emerson rhonoKraph 10i HVi
Flemish-Lynn B, 3
Haakell & llarlier Car 311 37
Ilendce Manufacturing . .. -1 , -7
International .Mercantile Marine.. -IVi 20
do pref till S
Kathodlon Itronza pref -3 2il
Maxim Munitions ,, Uli
Jlanhattan Trans 1H Hi
Mldvalo Oil's t)UH
Mldvals Bteel 12H O'iU
Otis Elevator 37 81)
Peerless Motors 23 27
Poole EnclneerlnT 05 115.
B a Kreice w I 1U 10J1
Standard Motora OVi 7Ji
Btutz Motor 50 BOVa
Submarine 35 36
Triangle Film 2t 3.,
United I'rollt Sharing; 11
United Motor 72 72$
U H Ltg-ht b Heut -Vi 1!J
do prof 0 8Vi
White Motora u M'-i. &3U
Wlrld If Urn . Is 1
STANDAItD OIL.
Illinois 101 107
Ohio 227 230
Prairie Pipe 221 r.'d
S O California , 232 253
0 O New Jersey ,, 520 523
0 O New York 203 207
OTHER OIL STOCKS. .
Cosden A Co 2311 2.1 H
Chalmers Oil 4 8
Inter l'etrol 10U 10H
Houston Oil 14 17
Midwest, lief H CO
Karulpa Ret 12 12!i
MININO STOCK8.
Atlanta 10K 11H
llutte Copper and Zinc D U
jiutte n Y i a
Carro ,d Pasco 31 , 31
Prist 'National 8Vi 4
OoldAsld Merser 8,, 10,,
Jlecla Mlnlmc OH BU
Howe Sound 4 5
Jim Duller 04 00
Jumbo Ex 7U 81
McKlnley-Darrah 50 33.,
Magma Copper 13i 14J4
Mints Co of America 2'5 2JI
Ntpiislw ! 7tJ
dan Toy 15 16
lit Joseph Lead 14 14
BONOS.
Cerro de Pasco 108 112"
RESERVE DANK TRANSACTIONS
Business of Local Federal Institution
During: Six Months Big
A summary of the transactions of the
Philadelphia Reserve Bank from January
8, 1916, ta Juno 30, 1916, shows;
Bills discounted Members: 195 applica
tions for rediscount approve- from 27
banks, as follows; Pennsylvania. 20 banks,
$3,217,959; ?Jew Jersey, six banks, $773.
SS7 ; Delaware, one bank, 31,247 ; total,
$4,022,563.
Bills discounted Bought: 761 bankers'
acceptance. Bills purchased In the open
market which have been drawn and accept
ed In connection with the Import or export
of goods, f 19.637.289.
United States Government bonds pur
chased: J2.l30.00O United States 2 per
cent, consols issv. js.jzj.-u; .'91,009
United States 3 per cent Panamas 1936,
1230.413; 3139,000 United States Z per cent.
(Panamas 1933, 3133.830. 31,421,600 of 2's
pf, 1930 were converted u of April 1. 1916,
mo ijoz.ovu m-year a pec cent, conversion
ands and $lz.ooo one-year 3 per cent,
otes, and 3600,000 of the 30-year 3 per
knt- conversion bonds were sold.
investments: Bonds and warrants of 41
nlclpalUlea, maturities ranging from 30
to six montns, purcmuea in tne open
tit. H.612.770.
jslt Department 892.414 items have
kindled as follows on Philadelphia.
L189.413 Ivema amounting to $314,"
i uu otner oanKs in uuiriti, ,
Li amouutins to f38J, (55,731. Total,
I.
New York Bond Sales
Close.
I5000 Amer Cot Oil 5s.... wui
esuofto Anclo-Fr Cs iw
200(1 Amer Hmolt Sec Bs...ln7h
3000 Amer Tel clt 4s niK
7UUO Amer Tel ct 4H ...1U1)
1000 Amer Writ Tap Cs.. HO
liuoo Atchison gen 4s 03
5000 do ndj 4s H4'A
suoo d0 Aria Ih 7
0UOU do CV43 1UUO 1U3K
7000 Bait ft-Ohlo 3ft a ... t.3
8000 do 4s , Illl'i
loooo do cv ik s ., : : u5l
ni)(l RAO p L,E&WV 4s.. 8H
5000 lloth Steel rfd 0a ...liio'J
4io Can Oovt 4s 3021 .. OH,
atiiou do 102i ..Kn$
17000 do 1031 .101
3000 Cal Oas A Elce 3a .. OH
.-'000 Canada South Bs ...103
1BU0O Cont Oa cons Cs ...KiuH :
r.OUO Chill Copper 7s..,..!l2njJ
lUOO Chfs 6 Ohio CV 4i,s.. 1.4?
6000 do 44 H 83H
1 1 Chi & Knst 111 S3..... Nil
2000 Chi Ot West i 70J4
5!.0 Kh! & Joint 4s... PSji
1000 Chi Ind & West...... 75H
nmm c'hl M 4 St v rfd 414 i2
3500 do conv S 1II7W
llimo dr. cv 4Vy 10J
2000 do gen 414 s 100!S
MI0O Chi II I t p 0s u!i
G00O Col & South 1st 4s. ... 02
UOOO Chic Un Sta 4',4s.... 0K
100(1 Comp Tub Itoo Co 0s. 85
SirOiHi Con Of a cor.v Os 122
30OO Cumberland Tel Os....llniH
2000 Del & Hud rfd 4s 11XI
J'000 ln A Rio Or rfd 5s
4000 I)l Sccur Com R..
. . 7)1
.. trM
ls.l
71i
..102tl
.. 81)
101100 V Worth ft Uen 1st Os,
1000 Hud It Man rfd Bs. ..
2000 Indiana Steol Cs 102
25000 111 Central ifd 4a 811
oiiuu intcru .Met 4'Aa
u .lei 'a mh
b U T ref 3s,.., 08K
M Mar ct 4Hs.lo4l
a Htonl Bs 1023.. OVH
uiiuuu inierD
101000 Inter .
110OO I.ackn
08
101I
11(100 I.oulc & Nash 4s
4G0OO Manhnttnn Htu. 4n
U4
ai
i)2r
75 ft
07
r,0H
50
CO
cou
5000 Minn St P S a M 4s
1000 Mo Kan & T 1st 4s.
1000 do Ok la Cs
12000 do I'ac ct 4s ....
18000 Mo Pac 4s
1000 docv Cs .,
1000 do ct 5s '
UOOO do 5s 11)17 im re utn 01)
1000 Mont Power 3s ..... 07 '.I
800O N' Y C-M C col 3Hs.., 77
7U00 N Y C & II Os 113
20000 du con 4s 8,1 Ti
2000 do 4Hs U3H
7000 do 3Hs H2
1000. N V City 3Ks Nv 1034 1)1
4000' do 4,s, ltlfiO 102H
xuuu ao ms, .ii'ui lurt
1000 do 4 Via, May 1037.108
2000 N V Dock 4h
100O K Y &IS II & P Bs. . .
2U0O N Y N II & II Os. . . .
B50O N Y Tel em 4H...
1000 N Y W C & H 4 Sis .
C00O Norf & WeJt dlv 4s.
2000 Nor Pao prior 4s...,
13000 do sen 3s
10000 Oro Cal Cs
3000 Pacific Tel Cs
10000 Penna 4s 1048
liooo do een ct 4B ......
1OO0O do 4s 1043
8000 Pea Kast In 4s
2000 Public Serv N J Ss..
3000 Reading con 4s
24H0O tit I. I U & S Olf 4s.
20000 BtLiHF Ser Awl,.
31000 do rfd ct sta 4s...
U 10(10 do In w 1
10000 do Ser II w 1
12000 do o w 1
S000 South Pao 4s
8000 do cv 4a ,
1000 do cv ret f p 3a,.
900QO do rfd 4s
600O South Itwy gen is...
2000 do con os
6000 Third Ave adj 6s...
75
C5
HO
HI
88..
87Ji
00
71
101U
70 K
0641
104K
. 87 'i
.103?
.101??
uouv A (!V,ltJ ua ,.
3.1000 U B Htcel H P Cs..
30000 us a & It Os. ...
3000 Union Pao 1st 4s.
2000 do cv 4s
2000 do rfd 4
111000 tin Rwya S I" 4s.
8000 Va Cnr Chm Os .
hOOII Va Ilurv Bs
..103
..liili
mi$
uK
03
00
32
100
.loo'i
. 08(!
2000 West ifd 1st 4 s .
6005 W 13 & M cv Cs wi.lll
1000 West Union IVis .... 01H
Total salts. Sl,00?.O0O, compared nllh J033,.
000 last Haturdayi thU week, 14,O21,OO0 last
week, 114,300,000.
FOREIGN EXCHANGE
NEW YOniC. July 8. The Foreign Ex.
change market proved dull and Inactive,
with little or no business transacted.
Belchsmarks were slightly firmer, as was
also Swiss exchange. Quotations follow;
Demand sterling, 4,76; cables, 4,76 7-16.
Francs checks, 6.90 ; cables, 6.00 y.
Kelchsmarks checks, 73 11-10; cables, 73)4,
Lira checks, 6,38 Hi cables, 6.33, Swiss
checks, 6.29; cables, E.23,3, Vienna checks,
12.80; cables, 12.86. Kroner checks, 28.76;
cables, 28.85. Pesetas checks, 20.20; cables,
20.30, Guilder checks, 41 7-16; cables.
41V& Plus 1.16. Rubles checks, 30.70;
cables, 30.76. Sixty-day bills were nom
inally quoted at 4.72 and 90-day bills at
4.70, both unchanged.
BANK CLEARINGS
Bank clearings today compared with corre
sponding day last two lears:
101B 1815. 1914.
Pbllada, ...(18,247,583 123.713,531 125.801,250
Uoston ..... 88.008,691 27,601,301 2d.8B3.8la
New York.. 402.730,168 300,868.840 20V.0U7.143
RATES FOR BIONEY
.Call,
New York 3U 4!i
Philadelphia OH
Boston ;.. 5
Chicago .-... 8H04
Commercial paper, three to six rnoi
acipnia, avyan per cgni.
Spot Wheat Steady In Liverpool
LIVERPOOL. Jujy 8. Spot wheat was
steady and unchanged today, with blue stem
quoted at lis. 6d.; No. 2 hard winter, )0s.
3d. ; No, 8 red winter, 10s. 4d. ; No. 1
Northern Manitoba, 10s. 10d., and No. 3,
Northern' Manitoba, 10s. 9d. Corn wu firm,
with American mixed Id. higher at 9s. lOd.
The stock of Plats corn is exhausted. Four
was unchanged at 39s.
RAILROAD EARNINGS
UaTROlT ANO VACSIWAC.
hi
IncreaitWl
t all
s, Pnlla.
Fourtb week Juss
ITrsaj July i
iiOoi
1.132.718
jitSKi
New York Stock Sales j
, Net
ehlte.
8
.....
94
1
i
ltlh. loi. Clone.
Adams Kxpress.. .140 H0i 140
Alaska Hold Mines' 1 18
Alaska Jun ...,. 8V4 8W 4
Atlls Chalmers ..22 22 22
do pref Utt 7!i
Am Ab Chem . ... 08i OS C
Am B Sugar . .... 03-tt 02 08
Am Can i.,.B4 82 8Vi
do pref 100 lbOW lOB'ft
Amer Car & FdjN , B2 5
Am Cotton Oil... 84 S 84
do pret , 00V4 0W 00 V,
Am Linseed 10H "V4 l
Am Hide & Lcath 10 10 10!i
At Olf & W lnd Cs BBH 83 5V4.
do pref 63 61 6i
Am Locomotive... OS 63 04
do pref 100 100 100
Am Smelting .... oiVi 04 04H
do pref 110M) H0J4 "W
Am Steel Fdy.... 40V4 40 4611
Am Tel & Tel.... 120 ltoy V4
Am Tobacco prcf.105 105 105
Am Zlno 32 30 31V4
Am Woolen 44 444 44V4
do pref 0SV 05U OBVi
Am Writ Pap pref 24 24 24
Anaconda Copper, 824 MM 81
Atchison lOSli 105t' lOSW
do pref 00 00 00
nrildwln Ijco ... 00 08V4 00
Ualto & Ohio .... 80 80 89
do pref 70 70
Bethlehem Btecl..440 440 440
Butto & Superior. 03 02 08
Buttertck i 28 28 28
California Petrol. 21 21 21
Cnnadlnn Pacific. .180 180 180
Chill Coppor .... 21 21 21
Central Leather.. 80 80 80
Chea & Ohio 02 02 02
Chlo II Iol & Pao. 22 22 23
Chlno Coppor ... 48 8 48
Chlo Great W ... 13 13 13
Chic Mil & St P.. 08 D8 08
do pref 130 180 130
Ctmndlcr Motor... 111 110 111
Cuba Cnno Sugar. 01 00 01
do pref 03 03 03
Cot fuel & Iron.. 44 43 44
Col A South 1st pf 88 88 88
Cont Can 102 102 102
Corn Products .. 14 14 14
Crucible Steol ... 70 00 70
Den & nio.O ... 18 14 18
do pref 37 33 88
Dlstltlors Sccur... 44 4S 43
Erlo 80 80 80
do 1st prof 84 81 84
Ocnornl Motor pf.. 112 111 112
Orceno Con 48 43 48
Goodrich Co 74 78 76
do pref. 113 113 113
Gt Northern pref.. 110 110 110
at North Oro ctfs. 30 30 80
Int Mer ft Mnr .. 24 21 24
do pref 8D 88 80
InttAgr pref .... 48 48 48
Intctboro Con ... 17 17 17
Inter Nickel ct .. 47 47 47
Int Paper 13 1 13
do pref 02 00 02
Inspiration Con .. 31 81 51
Kcnnecott Cop ... 47 47 47
Lackawanna Steel 70 70 70
Lohlgh Valley ... 80 80 80
Liggett & M Tob.284 281 281
Leo Bubbor ,.... 47 47 47
Louis & Nash.... 133 133 133
Manhnttnn Elev ..120 12804 120
Max Motors 80 78 70
do lBt lifd 80 80 80
do 2d pfd 87 60 57
MStP&SSM...128 127 127
Moxlcan Pet 103 103 103
MoK&Tpfd.... 12 IS 12
Miami Copper .... 34 3t7fc 31
Mo Tac 7 7 7
do ctfs 7 0 7
National Biscuit. .120 120 120
Nnt Enamel 23 23 23
Nat Lead 05 03 05
N Y Air Brako..l31 129 129
Nevada Con 10 10 10
N V. NHft II.... 01 01 01
N Y Central 10t 101 104
N Y, C & St L. . . . 30 30 30
Norfolk & West ..131 131 Ml
North Paclflo ....114 114 114
Pacific Mall 21 21 21
Penna II R 87 87 87
Pittsburgh Coal... 28 28 28
do pfd 103 103 103
Pressed Steel Car. 40 48 48
Ray Cons S2 3S 22
Reading 100 00 00
do 1st pfd 42 42 42
l
2
1
I
'
''
'
1
i"
71
1
i'
2
1 V
3
''
'
1
'
'
'
Bock Island 22 22 22
Shut Copper 27 20 20
Seaboard Air Lino 18 13 16
do pref 30 39 30
St L & S Fran w I 17 17 17
do 2d prof .... 0 OTi 0
Sloss Sheffield ... 40 43 40
Southern Pacific. 08 08 08
Southern Ry .... 24 24 24
do pref 00 00 09
Stand Milling rets
Studebaker 138 131 34
Tennessee Cop ... 31 34 34
Texas Co 103 103 108
Texas Pac R R... 12 12 12
Third Ave 00 06 68
Tobacco Prod pfd. 100 100 100
United Fruit ....100 100 160
U S Smelt 71 71 71
Union Pacific ....130 130 130
do pfd B2 82 82
U S Undl Alcohol. 120 120 128
U S C I P & F.... 20 20 20
U S Rubber 63 63 83
U S Steel 86 80 80
do pref 117 117 117
Utah Copper .... 77 77 77
Va .Car Chem.... 40 40 40
Wabash 11 14 14
do pref A 51 81 51
do pref B 28 28 38
Wheeling & L E.. 5 5 8
do 2d pref 7 7 7
Westlnghouso Eleo 80 65 60
West Maryland ..20 39 20
Wisconsin Central 46 45 46
Willys-Overland... 75 73 75
'
1
1
'
"
,
Total sales, 151,100 shares, compared with
175,000 shares last Haturdayi this ucrk, 1,903,.
200 shares! last Meek, 3,733,700 shares.
YEAR'S PRODUCT OF STEEL
INGOTS AND CASTINGS HIGH
Beats All Previous Records Rolled
Metal Sales Also High
The production of steel ingots and cast
ings in the United States during 1915 was
32,151.033 grss tons, the largest on record,
according to f.gures made publics today by
the American Iron and Steel Institute, The
next largest producing during a single year
was 31,300,874 tons, in 1913. Of the 1916
'production steel ingots comprised 31,284,.
212 tons and steel castings the remainder.
All kinds of finished rolled Iron and Bteel
produced in the United States In 1916
amounted to 24,392,924 tons, compared with
18,370,196 tons in 1914, 24,791,243 tons in
1913 and 24,668,811 1n 1912. The 1916 out.
put was made up of the following classes;
Iron and steel rails, 2,204,203 tons; plates
and sheets, 6.07T.694 ; wire rods. 3,095,907 J
structural Bhapes, 2,437,003; nail plate,
3192 and bars, skelp and other forms, 10,.
616.188.
Production of Iron and steel plates and
sheets In 1915 aggregated 6,077,694 tons,
compared wjth 4,719,246 n 1914. Merchant
bars produced last year amounted to 4,131,.
242 tons, against 2,523,631 In 1914. The
1915 concrete bars output was 353,103 tons,
compared with 288,171 in the previous year.
NEW YORK COFFEE MARKET
NEW YORK. July 8. The market for
coffee futures opened quiet and unchanged
this morning- with no business on the call.
Toaajrs xesterdatfs
open luff.
close.
ctosa.
July ....
Aurust . .
September
October
November
December
January
February
March. ..
8.03 a 8 04
B.'io'OS.M 8.2'ioa'.2n
8. 11 1
8.18
8.21
8.20
8.30
8.43
8.40
8.43
8.30
8.55
l.CJ
8.01
8.201
8.35!
8.201
. 8.3068.33
.8 33
8.3898.40
8.381
8.391
8.441
8.401
8.61
8. OS
8.63i
8.49
8.5308.66
April
Mar
Juns
BU. ,
Total salts,
9000 bass.
NEW YORK BUTTER AND EGGS
NEW IOBK July
y 6.
BBTTEH
Qulat but
tons Oreo. Receipts. 1
J. 281. Qvb
otatlous un-
-hn,1 frtim Krtdav
ElfuiJ Trida uuiet but but. uadu veil
cUsSSToiit, ilsrket iU(Jy, RtfdsU. 23.512.
Dcows tw, saHitfc ether train ucciacui.
ALLIED NATIONS
TO DELAY CHANGE
IN TARIFF POLICY
Prorogation of Parliaments
in Italy and Russia .
Postpones Reform
BRITISH CABINET TO STAY
. By FRANCIS W. HIRST
Special Cable to the Evenlna t.tdatr.
LONDON. July 8. The letter and mem
ornndum vindicating tho frco trade policy
as against tho Paris resolutions has been
followed by the formation of n powerful
parliamentary group, under tho leadership
of Earl llonuclmmp and Itlchard Holt. Ab
both tho Italian and ttusslan Parliaments
havo been prorogued until November, n
considerable period Is likely to Intervene
for discussion before any vital changes In
tho tariff policy will bo proposed. Tho ltal
Ian Government has definitely promised to
do nothing without consulting Us Parlla
ment. Itcccnt announcements Indicate that tho
British Cnblnct will hold together unless a
revolt of,tho Unionist rank nnd fllo against
tho Irish settlement should develop.
A consldcrnblo fnll in commodity nnd
food prices during Juno Is indicated by tho
I'conomlst Index number, which declined
106 polntB. This may bo ascribed partly to
tho good,hny crop and tho advent of new
potatoes, vegetable- nnd Trult and partly to
short-term financing of tho war, which has
kept down credit Inflation.
The exchange position Is much as before.
It depends upon tho supply of American
securities, which tho Treasury Is still In
creasing by new regulations for tnklng
smaller amounts of dollar securities. The
stock market firmness oxcltes general at
tention nnd undoubtedly represents growing
anticipations of a victorious pettlemont, now
that our naval supremacy Is firmly estab
lished and generally recognized, whllo tho
military position has moved In favor ot the
Allies. As to what will constitute victory,
moderate views nro entertained by those
who rcallzo what ruin nnd misery another
yenr of this warfare will entail. Tho treaty
between Ilussla and JapaYi may havo far
reaching effects on tho China problem and
on general trado Interests there, but the
ultimate power probably rests with tho long
est purse.
FOREIGN ORDERS IN SIGHT
Pittsburgh Reports $100,000,000 in
Proepoct for Next Yenr
PITTSllUnOH, Pa.. July 8. Prospects
for an Imleflnlto contlnunnco of prosperity
In tho Pittsburgh district were Indicated
by tho announcement that more than $100,
000,000 worth of rew business will como
hero from foreign countries during tho next
year. Tho announcement was mado by tho
Industrial Development nnd Foreign Trade
Commission today.
Many orders and Inquiries from foreign
countries nro being received dally at tho of
fice of tho commission.
During this week thcro was reported tho
placing ot orders for approximately $28,
000,000 worth of steol products by tho Japa
ncso Government nnd tho $6,000,000 order
given by tho British Government to tho
Westlnghouso Alrbrnko Company. Theso
aro concrete evidences of the business that
tho plants of Pittsburgh will havo to handle
NEW YORK BANK STATEMENT
Big Drop in Average and Actual Re
serves Loans Also Smaller
NEW YOItK. July 8. Tho outstanding
feature of tho statement ot condition of the
members of tho Now York Clearing IIouso
Association for tho woek just closed was a
drop of $44.-t64,630 In nvcrngo reserves and
a decline ot $33,747,880 In tho actual re
serves. Avcrago loans declined $6,786,000 and
actual loans fell $38,772,000.
Decrease,
Loans 3.2ni,38,000 J88.772.000
ltfi-t-rYo in own vaults aoo.Doo.uuu 4u,ibu,uuu
lteservo In federal Ite
strvo naxxK
lteservo in other de
posits Net ilomand deposits .
Net tlmo deposits . . .
Circulation
Affcrcftato reserve . . .
Surplus reseno . . . .
IBS, 075.000
2,030,000
1,140.000
07.04fl.OCK)
l.dsi.ooo
05.000
52,001,000
33.747.880
AVKItAOE
IO.7Sfl.000
60.VU0.U0O
50,127.000
8. 1112.307,001)
170.8110, 000
31,. 100,000
5tl7.0.-.7,nOU
53.540,000
iicMnnns-
CLCARINO 1IOU.HK
CONDITION.
Loans, etc 3, 232.415.000
ltesens In own vaults 400.341,000
lteservo in rcuerai jig-
scne Dank
lteservo In other de
posits
Net demand deposits,
Net tlmo deposits . . .
Circulation
AKsreirate reserve . . .
155,103,000 S.813,000
60,121,400
3.200, 1H1. 000
, 178,HRO.(00
31,5114,000
014,148,1100
01,100,340
53,(100
02.2211,000
2,700.000
25,000
M.a-ID.OOO
44.404, Sao
uurpius reservo
NONMGJinUIt
DANKS AND TRUST COM
I'ANIES, Loans and Imestments $720,410,800 1.0t)0,400
Gold
UV,Ul-f,4UU -Df.DUU
Currency
and bank
notes
Total deposits
Increase.
0.381,000
873,044,000
180,800
1,813.200
CLEARINGS UP 47.2 PER CENT.
AH Cities Contribute to Increase for tho
"Week
Clearings throughout the country for tho
week reached a total of $4,371,315,433,
against $301,1)10,903 in the corresponding
week of last year, a gain of 17.2 per cent.
In tho matter of Increase Philadelphia
stood first, with a gain of 80.5 per cent
Details follow:
loin. wis. p. c
New York .$3,132,027,531 $1,837.05.1,200 50 5
ttasfon
1UI,D20,15!)
lS9.d.10,10f
104.324.012
53 1
Philadelphia
Ilaltlmora..
Chicago . ,
Ht I.ouls
New Orleuns
Heen cities,
1,0.1. 073.080
SO. 3
20.372.0.1H 4-47.8
80l.i;07,U32
74 402,742
22.D-J7.177
220,701.052 4-SS.t)
53,812.211 4-BJ..1
15,022.272 40.0
5 days ..12.1130,201.083 11,863,032,000 07.1
0taedaCys'": 808.028.701 500,407.618 10.7
Total all cities,
5 days . 13,520,220,710 $2,363,430,711 48.2
Aday"1"' .l. 742.001.C8I B35.081.18l 38.3
Total all cities,
for week $4,271,315,133 12.901,140.003 17.3
Local Reserve Rank Statement
Th condition of the Federal Reserve Panic
of rhlladelphla, at the close ot business Juna
7 compares as follows;
RESOURCES.
Jul"T. June 30.
Gold coin and certifi
cates In vault ....... $7,721,240 $7,071,000
Gold settlement fund bat-
once ..,,.....-....., 18,110.000 .13.053.000
Gold redemption fund... 50,000 50.000
ver. etc ',.,.,, 134.680
Total rtsere ...,,.,, 23,321,020
Commercial paper ,..,. B18.751
517,150
1.401,750
23
Sank
siuinln nrisi
10,000'.:
701.53
10.01
Total bills discounted
4.92
unit bOUlfht
10.B18.973
4.000.000
2.235.011
$6,233,041
8.060, sta
430,030
20.820
133.480
10.809.875
4.000,000
1.808,669
U. 8. bonds ..........
Municipal warrants , ,..
Total Investments ....
Dua from other Federal
ressrvs banks net. , .
Federal reserve notes on
band .. .--.......
Notes ot national banks
and other, Federal re
serve banks ...,,.,,
AH other resources
$3,808,660
1.220.333
633.020
611,643
81.824
Total resources ,....,149.081.231 $40,142,941
LIABILITIES.
Capital paid la 13.210,030
Profit and loss 42.482
$3,215,450
42,432
2D.332.5u3
10.332.02d
Reserve deposits -net .. oa.uf7.073
Government deposits ... 10,746.914
All other liabilities .V,. 1.211
Total liabilities 119.081.231 $43,142,941
Sugar Futures Quiet
NEW YORK. July 8. Sugar futures
opened quiet and Inactive Ibis morning with
first bids showing advances of I to 3 points
and with no business transacted on the dull
The day promised to be a quiet one on the
ttx-bango, inasmuch s the raw and reilned
pt&ccs are clcaed foe tho. wf ck-csdv
Sales in Philadelphia
Net
, Tow, Close. cbe.
18M 18J !
80H K0H ....
BOH 9 Ji
504 60 M
"h.
JO Alliance Insur.. 18H
10 Am zind ao
60 nsldwln Loco.. 69H
,7 liurr A Rus t o 31
.63 Ilrlll J O 35..
HI Col Fuel ,.,,., 44
40 lilectrlc BtoraRS
. ,0 Ins Co N Am
,10 Int Mar pr T C
3jo Lake Sup Corp.
13 Ihlh Valley ,
12 ,'.' v Tt. br
43 Penna R n . .,.
J23 n-.8" Mfg...
.21 Ph la KIe ....
120 P It T I n
10 Iteadlnr 100 .
10 So Paclflo 24 M
110 Tonopah Rel 4H 4
82 iJnlt Uas
,. imp.i SB.,
N J....222't
el J6j4
try pref. 87 !4
Dot, ft a c
. un rn, p,
vxx " ? Dim .
20 York llwy pref
Tolnl sales. 1711) share, compared with 101
flinres lnt HntnrtlnI this 'neek. 44,028 BharesI
lout week, 4i,80 shnrei.
HON US.
Net
Close, cbie.
lllch. Ixtvr,
0000 7, V 1.) ol 4. Ill Dl
91.
1000 do Coal 104T4 104'i lOtll
anoo i, v Tr ref r.s.. oih ni't oi
.1000 I'enna Oen 4Hs 101 H 101 H lolH
6000 Phlla Eleo 4e... 84.. 81 .84,,
ZOOO do 6 .lOlW 101 101M
0000 Readmit (ten 4s. OS'i 9H 95.
1000 Span-Am I (in. .103 102 102
4000 Un Itrs t C 4s. . 74 74 74
. Total sates, 327,000,
lat Knturdnri this w
rnmnareil with C34.100
week, i03,430t last week,
u,uuu.
, 1) 7171 -,
B3i 63H U3!t 7
2H 2H 20,4 . ...
Kit $? is
38 67 38 ....
B8 9? OS M
'in 29 29 . ,,,.
19i lBt - :
loo., mo,, T J
24 24 i . H
3-10 4 B"0 1-ln
siiu sIIh
vk m t..".
Local Bid and Asked
Today Yesterday
Rid. Asked. Hid. Asked.
Iluft A Stis t o 01 t4 51 64
dn pref ,..,. Gil M nil ns
Rrlll J 6 31 38 31 3S
Haldwln ., n4 70 on 70
Cambria Hteel ..82 H H2 81,.
Illeetrle Stornai 03 H3'4 n.l 03W
Oencral Asphalt .13 34 33 31,,
do prof ., nnjl 70t 0I) 70l
Kesstone Tc 13i 1 li 13I 144
"Jo t o 13t 144 13ji 144
llo pfd H74 118 (I7'5 OS
I.nkn Hup Corp.... ... ll IIS 11 liji
fhlh Nav 75 754 73,, 734
Lehlsli Val 704 80 704 80
lohlgh Val Tr 21J 22 21. 22
do pfd 424 43 42. 424
Pennsylvania 071. 5K 57'i 58
I'hlja Electric 23JS 20 28 29.,
Phlia Co 894 404 af)4 404
do 5 per cent. rrf., 38 39. 38 30
do 0 per cent. pref.. 40 40H 40., 40S
Phlla 11 T t o.... 194 20 19H 20
noadlnir 11114 nn'l 994 HOT
Tonopah Ilelmont ... 4 3-10 4ti 4 3-10 4t',
Tonopah Mining 51k 0 0., OH
Union Traction 434 44 434 44
Unlle.1 Oas Imp 874 88 87 88.,
U a Steel 80; 80H 8(14 8nH
York Hallway 164 134 15 K.4
...do pret 3TV4 374 8. 374
Wm Cramp tc 74 78 71 77
LOCAL MINING STOCKS
TONOPAH STOCKS.
Hid Asked
Jim llutlcr i3 .97
MacNamara 00 .OR
Midway , 22 .24
Mlzpah Extension 21 .23
Montnnn 24 .20
Northern Star 15 .17
Tonopah Ilelmont 4 3-10 4'i
Tonopah I;tenslon 5H 54
Tonopah Mining; O'J
Rescue Kula 3.1 .37
West nnd 1.00 1.03
OOLDFIELD STOCKS.
Atlanta 10 .11
Illue Dull 01 .04
llooth 15 .10
Ilulldofr 02 .01
C O D 03 .04
Combination Traction 07 .OH
Ulamondlleld II II 02 .03
Daisy 03 .1)5
Florence BS .42
(lolilflej.l Consolidated 83 .HM
noldneld Mereer OS .01)
Jumbo Intension 78 .80
ICewanaa 1 .11
Oro Ot .0.1
Hand Ken 04 .0(1
Silver Pick 10 ,11
MISCELLANEOUS.
Fairy Aztec 01 .02
Klmberlv 02 .03
Nenda Hill 17 .20
Nevada Wonder 2.10 2.13
Tecopa Mining; 10 .12
WHEAT IS EASIER
ONsSMALL SELLING
Bearish U. S. Government Report
Is Offset by Lower Ex
port to Liverpool
GRAIN RELT WEATHER FORECAST.
CHICAGO. Julr 8. The weather forecast
for 30 hours follows!
Illinois Fair tonight and flundayi cooler
tonlaht.
Mlnnonrl, Kan-ins, Wisconsin and Iowa
Pair tonight and Nundayt not much rhanio
In lennierntiire.
Minnesota l'nrtlr cloudy tonight and
Bundar. with showers late tonight or Sun
day, orthuct. warmrn cant Hunday.
North Dakota Showers tonight nnd prob
ably mindari not much change In tempera
ture. houtli Dakota Fair tonight! warmer
sonthnest. Sunday, partly cloudy.
Nebraska Generally fair tonight and Sun
day) warmer tonight, southwest.
CHICAGO, July 8. An easier tendency
was shown in the wheat market this morn
Ins on small Belling due to yesterdny'B
bearish report by the Federal Department
of Agriculture. Tho figures were right In
line with estimates recently announced by
private authorities.
July ranged from J1.03J4 to $1.03 at the
start, against $1.03 V4 nt the close yester
day: September started at $1.05 to
$1.0B?i,' against $1.05. yesterday's last
price, and receded to $1.05 j December
opened at $1.09 to $1.08?;, against $1.09 at
the end yesterday and declined to $1.0SH
before the end of the first half hour.
The United States Government report
was offset at Liverpool by smaller exports
from America for the week, and tho English
market was dull but steady. Atlantic
freight rates were Inclined to ease.
The receipts at Minneapolis and Duluth
today were 288 cars against 199 cars a
years ago; at Winnipeg, 683 cars compared
with 93 cars; at Chicago, 16 cars against
9 cars.
A cable from Bucharest Indicated that the
wheat harvest In Rumania had been finished
with the yield good. Private advices said
that the Central Powers had made large
nurchases In Rumania. A semiofficial re
port estimated the yield In Italy at 193,000,
000 bushels against 168,000,000 bushels a
year ago.
Corn and oats were quiet. The receipts
of corn here today were 193 cars and of
oats 71 cars. Corn nt Liverpool was steady
with stocks light.
Leading; futures ranged aa follows:
Test.
wneai upen. uisn.
July 1.034 T.08
September . 1.05H 1-104
. ... l ... T r r"
Low, Close, close.
1.03 tl.0il4 1.U34
1.03K 1.09 LOSS
l.oas l.iiH ti. o
uecemDer .. i-uu x.ja
uorn tnsw aeuvery
July
safe Mia ?$
024 'tlSH 024
September
December ,
Oats
July
September
December .
Lard
July September
October ..
74
02
H 8
4 404
t3BH
38Ji
13.23 tlS.27 13.22
13 32 13.40 lS.SS
13.42
tlDS
y 118-73
September . 13.77
rork
July 1 .-
September . 24.07
Hid, tAskel
18.70 tl3 62
13.72 113.67
24',97 H'M
25. 60 25.40
24.87 SI. 87
Financial Briefs
The New York Stock Exchange today ad
mitted to the list Atlanta, Gulf and West
Indies Steamship Lines temporary Inter
changeable certificates for preferred and
common stocks and $7,160,000 additional
first mortgage S per cent, bonds ot Chicago
Railways Company, due June, 1937.
Slay gross earnings of the Lewlston,
Augusta and Waterville Street Railway were
$66,703, an Increase of $1689 over the same
month of 1915. Net earnings Increased
$1383 to $34,619.
The gross earnings of 28 railroads for the
fourth week of July were $18,109,315, In
crease $3,771,388.
The New York Subtreasury lost $4,178,.
000 to the banks on Friday.
DIVIDEND NOTICES
LEHIUH VALLEY BAILKOAD COMPANY.
fbUadelphlii Juno 31. 1913.
IDs 9srd of Directors ot tbs Lsblgb Vsllsj
Haliroad Company bave this day declared a
Quarterly dtvUeod of 24 per cent, tor 11.23 per
soars) on Its preferred stock to stockholders of
morel Jvuw 21. 11. and quarterly dividend
cent, tor i par scirsj on its sum-
to sxocanoioera ox reenrq jims zt,
payable July . 1916.
Cfebk will tw maUsd.
T C, J. UUUP.,Trfcar,
n IB
H 74 n
4 03T(
88T( 404 38
384 894 3!)
404 414 40
13.22 13.27
13.40 13.40
13.47 13.47 I8.4U
18.75 13.70
13.77 13.70
DOMESTIC INQUIRIES FOR STEEL
ARE SMALL; FOREIGN DEMAND GOOD
Each Day Brings Additional Contracts From Abroad.
Trading Remains Small on Philadelphia Stock
Exchange, With Narrow Price Movements
A representative of one of the Independent
steel companies says that, while domestic
Inquiries for steel are "few and far be
tween" nt the moment, there Is considerable
nctlvlty on tho part of export Interests, He
states thai each day Is bringing In nddU
tlonnl contracts, nnd that thin business In
only limited now by tho fact that tho
makers cannot give tho deliveries requested.
Recently the Inquiries from nbroad havo
predominated In ship plates, with tonnage
ranging frotn 1600 to 10,000, but the ship
ments on all this business Is wanted be
fore tho manufacturers can give It. There
Is also some activity for export for Bhell
bars, bnrb wlro nnd other articles used In
modern wnrfare.
Opinions in the trade ore general that
domestic consumers nro not placing orders,
either becauso of tho sold-up condition ot
tho mills, which leads to tho belief that
lower prices might bo obtained later In tho
year, or the fact that some users In this
country nro of the opinion that prices are
too high at present, nnd that declines will
como before the plnclng of the orders for
their requirements becomes a. necessity.
The companies nro willing to keep their
capacity clear for "war" bookings and espe
cially ns the preparedness wave of this coun
try Is likely to lead to some good orders
PHILADELPHIA MARKETS
GRAIN AND FLOUR
WKHAT Hfcelpts. 100,371 bush. There was a
further advance of lc, In this market.due to a
fair demand nnd stronxer outside advices. Quo
tations: Car lots. In export elevator No. 2
red, snot, I1.03W1.07', No. 2 Southern red.
I1.03WI.".'.: steamer No. 2 red. 11.0201.04;
No. 3 red, ll.02at.04i rejected A, DIHic
$1,014: rejected 11. 08c.$l.
COilN Itecelpts, 0712 bush. The market was
quiet but Ilrm at tho recent advance Quota
tions: Car lots for local trade, hb to location
Western, No. 2 yellow, 8n3804c: do., steamer
yellow. SSftH.SMc; do.. No, 3 yellow, 8087c;
do.. No. 4 jcllcnv. 83C84c.
OATS Itecelpts. 114.247 buih. Trices were
steadily held, but thers was little tradlni. Quo
tations: No. 2 white. 40447c.t standard
white, 45440c.: No. .1 White. 444Sc.t No.
4 white, 4044I4c.; sample oats, 33030c;
pur in til oats, graded, 434(44Sc.
FIX3tm Itecelpts. 350 bbls. and 022.711 lbs.
In sacks. There was llttlo tradlne. but mill
limits were well maintained. Kollowlne are the
quotations, per 100 lbs. In wood; Winter, clear.
I4.r.0ffl'4.73: do., straight. $4.7r.fij Patent. $S
n.2."; Kansas, clear, cotton sneks, 14,3304.70,'
do., straight, cotton sacks. M. 8085.10! do.,
patent, cotton sacks, $0.1305.40; spring nrst
clear. J4.80WS.10: do., straight. 15.20.WS.40;
do., patent. Sil.SiiOn 75: do., favorite brands,
tr- iiflian.M; city mills, choice and fancy patent,
15.00 0 0.211: do., regular grades, winter clear,
!4.R')'n4."5; do,, straight, $4.7505: do., patent,
35315.23.
HYI3 FLOUIt was quiet bpt steady under
light offerings. Wo quoto at $365.50 per bul..
ns to quality.
PROVISIONS
Tho market ruled firm, but thera was little
trading. Quotations: City ...beef, In sets,
smaked and alr-drled, 27c: Western , beef. In
seti smoked. 27c; city eef. knuckles and
tonders, smoked and alr-arled. 28c. : i estern
beef, knucltles nnd tenders, smoked, 28e. bfr
hams, J28M30: pork, family. 2,a ino27...U;
hums. it. V. cured, looie. 180184c: do.,
skinned, loose. lNPl4c: do,, do., smoked. 1VJ
104 c; other hams, smoked, city cured, n; to
brand and average, 184 c.i hams, smoked, West
ern cured. 184c, do., boiled, boneless. 33c.; Pic
nic shoulders. 8. I, cured, loose, 124 c.; do.,
smoked. 144 c; bellies, In pickle, according to
average, loose. 104c; breakfast bacon, a; ro
brand nnd aerage, city cured, 21c. ; do., "est
ern cured. 10 U 20c: lard. Western, refined,
tierces, 144c; do. do., tubs. 144c; dp., purs
city, kettle rrndcred, In tierces, 144 c.i do., do.,
in tubs. 144c
REFINED SUGARS
Tho market was quiet but steady. Quota
lions: Kxtra flne.granulated, 7.05c: powdered,
7.75c. : confectioners' A. r.53c. ; soft grades,
O.UUM 7.50c
DAIRY PRODUCTS
nUTTKIt Supplies of desirable grades were
kept under pretty good control nnd values Mere
firmly maintained. Wholesale trade, however, aa
usual on Saturday, was qult. Quotations were
as follows Western solid-packed creamery,
fancy, specials, 31c. extra. 20 if 30c ; est ra
nrsts. 28c; firsts. 27c; seconds 20c: nearby
prints, fancy. 32c: njerace ' r.. 30SA,1,S-J
firsts. 27W20C., seconds. 200204c; Jobbing
sales of fnncy prints. 33038c.
Iiaas Thero woe a good outlet for fins fresh
eggs and olues were nrmly maintained. Quo
tations: In free cases, nearby extras, -:8c. per
do".: nearby firsts, J7.50 per stsndsrd case;
SSarby current receipts. in.l'007-M i per case;
Western extras. 27c per lo.l,"?nii'xSr.?
firsts, 17.50 per case: firsts. 7."507.3S per
esse, fancy sel-cted rnndled fresh eggs vers
Jotihine nt 3ttf32c. Per doi,
CHEESE Trade was quiet, but offerings we
light and alues were firmly held. Quotations.
New York, full cream, fancy. lBOlSttc.. -ao L.
do filr to good, 13 W 154 c; part skims. 0
PpULTRY
T.IVB Fowls were again 4c, higher under
light offerings and a fair demand. Other kinds
"rpoultry"howed llttlo chan. Quotations,
Fouls. SOasoHc.t roosters. 13l14c.: sprlnjr
chickens, according to aiiBlltr. neighing 1W
Ibs. apiece. 24W:IOc.j IVlilte leghorns. -t
24c: ducks, 14W0c; pigeons, old. per pair.
23fic.i do., young, per pair, 22 25c.
DIIUHSED IJemand wax sufficient to keep the
offerings of desirable stock well cleaned up at
wPelFh(nr:iJb..,oplece.2021ct fowls. Ice
oacked. In barrels, fancy, dry-picked, northern
Indiana and Illinois, weighing 4 IDs. ana over
apiece. 22c.i do., southern Indiana and Illinois,
weighing 4 lbs. apiece. 21 4c,; smaller sites,
18(320c": old roosters, dry-picked. ISc.i broil
ing chickens. Western, 2832c ; broilers. Jer
sey, fancy, 38c; do., other nearby, weighing
"ft 2 lbs. apiece. 3.1 M 38c. i smaller sixes.
803'.'c.i ducks. nearby spr nc, ..JOW-OC'!
squabs, per dot. White, weighing llgj? bs.
pSr doi.. .1.1.23: white, weighing 0li bs.
pit dot.. 34.13W4.75; white, weighing 8 lbs,
per dot , $3.25W3.0.1: dn , do,. 7 lbs. per dot,,
32 BOetSl do., do., 0(384 lbs, per dot.. i
2,23-dafk, $1.752.23i smsll and No. 2. 75c.
&$1.23.
FRESH FRUITS
The market was quiet and prices showed lltlls
change. Quotations: Apples, per bbl Baldwin.
1408; Hen Davis. IS4; other varieties, $1.50
O2.50. No. 2. $1.2502; apples. Western, per
bur (1230173; apples. Delaware and Mary
land, per hamper. 73c.0ll; lemons, per bog,
$3.r.AB4 23; pineapples, per crate I'orto Illco,
tl .108 3: blackberries. North Carolina., per qt..
4QSc ; do.. Delaware and Maryland, per qt..
60!c . huckleberries. North Carolina, per at..
10012ft; gooseberries, per qt., 4c; raspberries,
red per pt. 203c: cherries. Delaware and
Maryland, sweet, per lb., 58c, do., do., spur,
par lb. 34c ; do., do. sweet, per it , GGSc.
do., do, sour, per qt. 405c, plums, Georgia, per
crate 50c. 11. 75, peacnes. Georgia, per car-?fer-nille.
11.7302.25. Carmen, lfoil.50;
Warden. $1.5001 76; cantaloupes. California.
r crate. 13 4. do., Florida, per crate. $i
1.50; do.. North Carolina, per crate. $1,252;
$317,000
The Vincennes (Indiana)
Water Supply Co.
First Mortgage 6 Gold Bonds
Due July 193 6
FIDELITY TRUST CO., Philadelphia,
JOSEPH L. IIAVABD, Vincennes,
Trustees
Issued under authority of the Public Service
Commission of the State of Indiana
Earning one and three-quarter tunes In
terest charges. Free of United States nor
mal income tar.
VenntylTanla State tax refunded.
We offer the unsold portion of these
bonds at 103 and Interest,
IV. O. IIOPVEB - U. 8. UOI'PER
Wm. G Hopper & Co.
28 South Third Street, Philadelphia
Members Philadelphia Stock Exchange
Charles J. Bender & Co.
INVESTMENT BONOS
Members Philadelphia Stock ficbangs
NORTH AMERICAN BLDG.
DfBECTOBY OV ApcoUHTANTH
Certified PubUe AreoustasU
LAWltKM
3 U. ilHUYVN A CO.
TXfS TRUST KU11-DINO
Uli REAL
nrm prices. roucminK o ,"i, mv. .,-.
Fresh-killed poultry, ''ry-packed-Fowls. 1J to
box, dry-Picked., fancy selected. 23c. I welching
4 4 S5 lbs. apiece. , 224c; weighing .4 lbs.
-?--- O..H.. . n H nt- rtU Ilia nnlece. 21ttc.
from the United States Government. AN
though the prices that would be paid by the
Federal authorities for their requirements
would not by nhy means approach those re
celved for tho name material from foreign
belligerents, there fa more patriotism In the
steel trade than Is generally realized, nnd
this Government would be given preference
by the makers bo far as deliveries are con
cerned without orders to do so from the
authorities.
July thus far has not Shown nny Improve
ment In the steel market over Its predeces
for, nnd In some circles It Is not believed
that much will be done so far as buying Is
concerned during the summer months. In
the fall, however, there wilt probably b
some good contracts placed, according to the
best authorities' In the trade.
Again today trading was on a very small
scato on the Philadelphia Block Exchange.
What llttlo trading was done was confined
to odd lots with price movements narrow.
About tho most active Issue was Lake Su
perior nnd thnt stock advanced ft fraction.
Buffalo and Susquehanna common trust
certificates rose n half, while Pennsylvania.
Salt declined a half. United States Steel
common, which Is usually tho most active
arbitrage stock nnd many times the most ac
tive thing In tho whole local market, did
not sell during the first hour of trading.
do. Georgia, per crate, ll.602.23 water
melons, Florida, per car, $1750223.
VEGETABLES
The genersl market ruled steady under mod
erate offerings, but trade was quiet, Quotations:
White potatoes, per bhi. No, 1 Eastern Share,
2.7.1(J3: No. 2 do., 75c.ll.25i No. 1 Norfolk.
2.602.75l No. 2 do.. 7Bcl. Bweet potatoes,
Jersey, per bskt. No. 1, 48800c. t No. 2. 23
00c. I do., Jersey, Delaware and Maryland, per
hmpr. No. 1, 75c.0$l: No. 2. B000c. Onions.
Tcxbs, per cummer crate No. 1. 31.60 1, 03
No. 2. 1.251.40. Celery, Florida, per crate.
12CT2.C0. Watercress, per 100 bunches. 11.60
02.60. Peppers, Florida, per carrier, 22.S0.
Kggplant. Florida, per crate, 11.50. Corn.
Florida, per crate. I.2S1.75. Cucumbers,
Norfolk, fwr bbl.. llftl.r.Ol do,, do., per 4-bbl.
bskt.. 60(476c.l do., do., per 1-3-bbl. bskt.. 50c. I
do.. North Cnrollna. per bbl., 11 ft 1,2.11 do,, do.,
per bskt.. 2340c, Tomatoes, Mississippi, per
fiat crate. GO$r?5c. Asparagus, Jersey, per
bunch Fancy, 1016c.l prime. 8810c.: culu,
58c. Mushrooms, per 4-lb. bskt., 3191,60.
COTTON ADVANCES ON GOOD
CABLES AND DAD WEATHER
Heavy Rains Continue in Eastern Dis
trict; Temperature Lower
NEW TOniC, July 8. Advances of 5 to
points were reported In tho cotton market
this morning, which were conslderd a rather
poor responso to the favorable cables and
tho unfavorable weather. Tho tono waa
steady.
A prominent commission houso which had
been consistent sellers for some tlmo was
n good buyer this mornlnp. Professionals
operated on both sides of the market.
Heavy rains wero reported In tho Eastern
districts, with the forecast for continued
precipitation. Temperatures were some
what lower. Prices In Liverpool were due
to como 3H to 4 points lower, but showed
losses of n half to 2 points. Private cables
said the market wag a quiet half-holiday
nfTalr, with a llttlo trade calling-.
The receipts of cotton at tho ports for
the day wero estimated nt 8000 bales, com
pared with 11,375 bales last week and 9253
bales last year.
Test, close. Open.
July 12.ua llum
August 12,00 18,02
October .... 18.03 is.ni
December ... 13,22 13,28
January .... 18.28 13.32
March 13.44 fs.-js
May 13.00 13.05
Bpot 13.1U
Close,
13.04
is.ni
13.10
13.28
iR.sn
13.40
13.03
13.10
Liverpool Cotton
LIVERPOOL, July 8. Spot cotton was
very dull with prices steady. The sales
were 3000 bales, including 2290 bales Amer
ican and 300 hales for speculation and ex
port. The receipts wero 22,000 bales, In
cluding 18,100 bales American.
Cotton Statistics
NEW TOItK. July 8. Tha statistical poel-
tnn nt rnttnn follows:
snows;
ima ween, ia; wwk, Asi year.
Total visible,
supply 3.030.090 8.777.810 5,433,133
'lcWan,C1m.e.r: 2.413.000 2.521.810 8,812.108
Total In sight
July 7 12.103,743 12.078,020 15.030.180
" " "
LIVE STOCK QUOTATIONS
CHICAGO. July fl. H008 Receipts. 11.000.
Market 610c. higher. Mixed and butchers'.
JU.OOH'lO.'JSt good heavy, 10.8066 10.2.1: rough
heavy. IO.OO0U.75: light. IP.6310.10: Pigs.
8.750.an: bulk. 10.83 10.15.
CATTLE Itecelpts, 200. Msrket steady,
neeves, I8ll.40; caws and heifers, 34.809
0,25i stockers and feeders. 33.S0tt8.tiO; Texans.
7.33: calves. IU.2512.
BHEEr Receipts. 6000. Market steady. Na
tive and Western. I3.608; lambs. $7.75011.10.
BAR SILVER
Dar silver was quoted at 20 Hd. In London
today, a drop of 5-1CJ.
n
A Trust Company
Near Your Home
There is no greater conveni
ence especially for the woman
than a close-at-hand Trust
Company. It is easy to cash
checks or make deposits no
necessity of holding large sums
in the blouse, with the attendant
risk of loss or theft. Then, too,
the company's safe-deposit vaults,
fire and burglar proof, will safe
guard the silver and valuables.
THE
ALDINE TRUST CO.
2020 Chestnut Street
is the only centrally located Triit
Company between 15th street
and the Schuylkill River,
June IT. 18 1-
ASSETS
Cash on Hand $215.S76.7T
Loans and Investments..., 8d3.OI2.B3
UankVi Kousa 133.0uO.0O
$1,313,419.35
LIABILITIES
Capital .
Undivided "Priiti
$200,600.00
..... 120.000.00
... . CO. 130. 10
Dividends Unpaid ........ 10.80
Deposits 833.S7a.B3
OroiiU Rent lC0.0OC.oa
$1,313,419.35
High. I,ow.
13.04 12.08
13.02 13.01
13. ta l.i.nv
l.l.at 13.23
13.33 1.1.28
11.62 13.4.1
13.03 13.03
l ii if r v " " - ? mitjuj'-s.
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1
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