W
isvteNisra ledger-Philadelphia, mokday. july 10, ioic.
fi."
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ifcMk.
FINANCIAL NEWS
PROFESSIONAL TRADERS CONTINUE
TO WdRIC FOR LOWER STOCK PRICES
Market During Day Has to Withstand Selling Induced by
VaHoijs Things Industrial Alcohol Yields 12
Poihts, While Others Drop 1 to 3
High Polnia In Today's Financial News
United States Steel Corporation reported unfilled orders on the books as
of Juno 30 of 0,61,0,58 tons, a decrease of 297,3)0 totts as compared with
may SI German Marks strong as result of arrival of U'boat merchantman
nt Baltimore. Securities valued at $16,000,000 arrived in New York from
Europe. Official denial made that Anaconda will absorb Inspiration. Price
of bar silver lower in NewtYork and London. Bituminous coal shipments
6ver Philadelphia and Reading smaller in May as compared with April, but
larger than last year.
NEW VOItK. July 10.
Ort the Stock Exchange today the process of "sifting" tho market was con-'
tlnutxl by tho professional traders, whom no amount of actuarial calculations can
persuade that the larger Interests aro not anticipating tho conditions likely to
iitaln on tho cessation of tho present European conflict
The professional traders are bent upon forcing issues In which thero is a
Ihln market as far as possible to levels more, consistent with their ox-war value.
The, general market today had to withstand selling Influenced variously by
tho sentimental clToct of a renewal of tho high level for call money In mora than
a year, tho largo arrival of American securities from Europe and tho first decrease
ehown since last August In orders of tho United States Steel Corporation. It is
well understood that the last-mentioned concern has business enough for nt least
ft year to come. '
Tho outstanding featuro of tho market was a complete absenco In support of
Industrial Alcohol, which yielded on professional prcssuro an extremo of 12 points
from last Saturday's final and 16J6 points from tho high of last week. Declines
Of 1 to Zi points or moro wcro established In a number of other Issues, including
.Canadian Pacific, Air Brake, Butto and Superior, Marino preferred and others.
Oh tho other hand, rallies of 1 to 2 points took place In some stocks, bringing
them fractionally above tho closing price of last week. These Included Crucible
Steel, Studebakcr, Wcstlnghousc, American Locomotive, Baldwin Locomotivo and
"Willys-Overland. United States Steel common was heavy throughout, at a frac
tional decline.
$45,000,000 In American Securities Arrive From Europe
NEW YORK, July 10. Thirteen cases containing American securities have
Rrrlvod from Europo. Eight cases, with $25,000,000 In securities, arrived on tho
Whtto Star liner Celtic, while. -five, with about $20,000,000, came on tho American
steamship 'Philadelphia. Tho securities will go to J. P. Morgan 4 Co. and other
Now York banks for marketing at tho discretion of tho bankers.
Deny Anaconda Is to Absorb Inspiration
NEW YORK, July 10. Ofllclals of both the Anaconda Copper Mining Com
pany and tho Inspiration Consolidated Copper Company emphatically deny stories
that "plans aro maturing for tho absorption" of the Inspiration by the Anaconda
Company. They say that thero is absolutely no foundation for such reports.
STOCKS IRREGULAR
ON NEW YORK CURB
Good Support Shown in Motor
Issues Submarines in
Demand
i
NEW YORK. July 10.
Irregular price movements characterized
tho dealings on tho Broad Street Curb to
day. Recessions were the rule at tho outset
In nearly all tho Important iseuos. although
around midday good support, was shown In
tho motor stocks and the submarine Issues.
Aetna Explosives was again under pres
sure and suffered a further loss of moro
than a point: Mldvale Steel, on heavy offer
ings, declined about 2 points; Gaston and
Wlgmoro wns down ; Marconi of Amer
ica ruled firm, and White Kathodlorv Bronze
moved up a point.
"iter (Outre wcro ,tho more active and
after early weakness turned strong on
'What looked to bo Inside purchases. Chex
roitft opened up 2 -Jiolnts, subsequently
brpke 1, but later rallied ; Stutz Motor
moved up over 3 points: United Motors,
after a loss of 1. recovered and advanced
fractionally. White Motors was heavy.
Mitchell Motors was Introduced for the first
tlmo at a small advance.
Lake Torpedo Boat developed pronounced
strength with Increased activity, while hot
ter Inquiry was shown for Submarine Boat,
due In part to tho successful voyage of tho
Oerman submarine.
Oil stocks were generally firmer and
more active, especially the- Standard Oil
Issues. Mining stocks wero fractionally bet
ter on a fair volume of trading. There was
slightly better Inquiry for bonds, which
moved In narrow limits.
INDUSTRIALS. ljt , , ,
Hid. Asked.
Aetna Exrjoslves , 1- I't'ib
Amerlcan-Urltlsh Mfr:,.', lg
American Marconi 3 J?
Canadian Car Co.'..... 05 7U
Canadian Car Fdy prof H HS
Chevrolet Motori "-HS 22s
Curtlsa Aeroplane .JO go
Drlres-Soaburjr ....... 1-J 1st)
Elsenlohr Tobacco , JJ .?
Klaenlohr Tobacco pref Up 100
Emerson Fbonoiraph ............ 1S 11H
1'lemUh Lynn i'n
lasxell & Darker Car... Sil 37
lendea Manufacturlnr ". -.J
Inter Merchant Marine..... 1:3 JT
Inter Merchant Marine pref, ...... 1)2 VI
Kathodlon llronzo pref 2HJs Jj
Maxim Munition! B 8U
Manhattan Trail .". 1H )
Slldvala Steel ': O-n
Otla Elevator ST BU
Peerless Motors . .- , 21 -18
Poole EnB -.... US., .....
8 8 Kress ivl 10t 10 1
Standard Motora , B 7
Stutx Motor ,.,. B;S 53.,
Submarine 33.H 34
Trlansio Film 2 ' J
United Motor 7iH 73
United l'ront Bharlne .
U S U 11 com 2H SK
do pref 0 OU
'White Motora Sltt - 3-J
World film ., Is 1
STANDARD OIL.
Illinois ...,..,.,.,.161 106
OhlO , t-'-rJS r.,a
Prairie Pipe 22J $
H a Cal ...,,..,,2112 203
8 O New Jersey ,......., 520 S.'S
U O New Tort ....205 207
OTHER OIL 8T0CK8.
Coeden Oil.. 25 2JH
Cnalroera OH ...,,..,.., ,4 8
Inter Petrol ! 10 10
Houston Oil ..,., , U 17
Midwest Reflnlna- 110
tiapulpa. Ilenntnr HH 11H
MININQ STOCKS.
Atlanta, .., 1., 1
lluttu Copper ft Zlno JJ ts
Matte N Y 1 r"
Cerro da Paaco ....,, 33Va Stt
First National 3h 4
Colddeld Mercer b
Keda. Mining 3Ji Bit
Howe Bound a
Jim Butler .....03 S3
Jumbo Extenaton 7 - HO
UcKlnler Uarrasb ,; s... Jo S3.
Maxma Copper lSJi 14U
Mlnea fu of America 2tt zl
Nipiaalni- 85. J
San Tor If J
Bt Joaeph Iad ., HH 13
Writ End Cos ! 1 11-32
White Oaka .. 5 8
BONDS.
Cerro , Paaco 6a 10S 112
Mldvale 6 8 U
NKW HAVEjK -WANTS SHIPS
Seeks to Retain Interest in ySound
Vessels
WASIIING'fOX. July 10. The right? of
te Navr Tork. New Ifaven and Hjttgrd
Railroad to retain its Interest In UiifSqund
stenmers will b the subject of SHbiaifJnir
In ffeir York July 36 before ComfELwloiier
ClMneMs. of the Intemtate Coramwc'gmt
Hjlgajoq, '
The hearlnjt Ja an cuterowth it tharora-tr,!loa-
tnvestlnatloA undur the Panama.
Canal P :"l auctoeda the Oovernnient'n
rooution of a Ued roonopgly by the
Kmy Haven, of tfw rOntfiajui transportation
fcuilKtea- Th control vf water transporta
toH by railroad carrier 14 provided for
hmUt tlw Panaica Qatwl act,
Jt Im spect4 tluttjhla hruis- wUl be
i4eU4, for ee'vsmK days, but that no
eteatotte dwlstoa will spa reached until next
..(
lm.
New York Bond Sales
I3 113
lOSji 108j;
do cv 4b IDIKI .10.1 ltin. ln.-i'.
Ian Co I.lno lat 4t. . vAl 2U lil-'H
do 4H HUH J4 HOH
lit & Ohio Bs 10t), liios luui
.. j. Hlah, Isiw. Clo.
tinon Amer Aitr deb B.... 0714 li"'i 7;i
883000 Awtlo.I'-rench Ba DO UBS UBS
1O00O Amer Hide & L 0a....lo:itt lll.1t 103H
aziHiii Amer Tel cvt 4H....loo losji
auijii Armour Co 4V4 n linvs
diuimi Aicninon Ren 4fi l'.i
ujuou ao
inoo Atl.it
UO(H) do
mono tin it
-.. . -: ::t -:;r..- -r..i
uuii no n nu-4 liu-4 l'w-4
31000 do.cv 4V,k lluS K1H 'IH
100(1 neth Hteol rdl Be I00H loo4 looji
14000 Can Govt 4s lllUl llll IMlS VIlS
,(11111 UO 49 lllll iuiid ioiimi liiu
17001) du 4e 1081 101 100H lull k
noon Cal Clao t Eire Bs HsU VHU VH
1000 Canada Houth 3 10JI 11124 M2i
1000 Cent Ga let a 107. 107S 10714
mild Cent leather lat Ha. ..102 102 102
14000 Cent I'ac lat 4s NO KK"i 88i
4000 Cent II It N J reir Be. .linti 110J4 llti'5
0000 do 4tta 1I0U l"U 004
2.1000 do COnV IM 114-4 lMVi
20000 cm a Alton ;irt
HOOU Chl Ot Weet 4a
1000 Chl A Nwn 314
7000 C I) & Q Joint 4s
3000 do (ten 4s
1000 do HI 4s
2200O Chl I & W 4s
1000 C M S S I' rfd 414 s.
1000 do dlv 4s
2000 do conv Ss
J3000 do CV 4HS lot'.
B00O C M & P H 4s IIIIS
17000 C 11 I A P rfd 4s ... 7BU
10000 do Be OilU
0000 do OS 101
1000 Con Ohs conv as ....122
10000 Del & Hud conv 4s ..1001;
BOOO Den & It O 4 7HS
230000 do rfd Ss 7014
VOOO DIs Sec Corp Ss 7Bh
8000 Krlo conv 4 Her II... 73
0000 do conv 4s Srr D. . . XII
BO00O do prior 4s 84i
12000 III Steel deb 414 s Itoj.
3000 III Central 4s 11133. . n.'.s
0000 Interb Met 4V4s 74S
ni'iiii iitir-ru
loooo inter
1000 Jai
3000 i
Mnnn Tnn r,.w
2000 I.acka Steel Sa 1023. IIUT4 Hilt, nil',
1000 do Ss 10S0 1IIH 01 01H
111000 1.1c 8h deb 4s 1031... II4 Oljf H4J
2U00 Liar it 31 T ns mj i-4 10034
1000 do 7a I21H4 12il 12il4
2000 Louis & Nash 4s nth I'll "(ft
BO 4
70 K
Hlli
i!3l4
OS
7
-?
0014
14.
107'
0114
B014
71
HIH
014
0214
OB
7BH
02H
0014
10714
1011, 11114
OIIS 004
73 73
113 03T4
101S 101H
122 122
104 10014
7HN 7J
not.
7.V.4
73
hs;
Hl4
004
.-,!
71 i
IihH
IV r, 'b, . . . i.i-i -7,
jt Jiar cv 44s.iu44 i7
Jan new ti a 4s. nil, ntji
o new 414a N4S H4S
Tarn la, Ja MU U1IL
not.
7B14
73
.-.;
84
Oil1
.83jJ
71U
os4
1014
Hl'i
8414
KM
-2 8
.... Bli .11
S1'4 3114
....loiJ intr
4000 Manhattan eta 4s.... III'. Hl'i
10000 Minn & Bt L 4a lit 111
12000 Mo K & T 1st 4s 7SH 7314
1IIIKI tin ?il 4a IN 48
13000 Mo Pac ct 4s eta
1000(1 do ct 4
HOOO Mo Pac 4s
1000 do cv Bs
1000 do conv Us
2000 Mont Power 5s .
3000 N Y C ft H Us
1000 do 314 s
3000 N Y Cltv 4s 1030
liKMi n X city 44 a iuii.1. .inn i".
noon do 414 s May '37 ..10714 10714
11000 N Y Rwy adl Bs BH B8
12000 N Y Tel iten 414a ... 08 08,
1001) Norf ft West dlv 4s.. KUli SOU
2000 do cv 4a '23 l.Ht'.t
8300 Nor Pao prior 4s 02S
looo Nor Poco 4s 8811
1000 Ore Short Line Bs loili,
loot) Ore Itwy ft N con 4s. 02
7000 Pacific Tel As 100H
,8000 Penna en 4l4a 1014
BOOO Ptonla's (las Bs 1IM)'
21000 neadlne ren 4a t. , . . . OBS
in-4
0114
Hid
in
7S14
48
104
311i
r.i4
mtv
07I H7i 7i
.112'4 11214 11214
. 82K 82S 82S
. 10U14 lOllU 10OU
1IIH
107H
38
08
KIlU
13014 1301,
0. ',4
8811
1011 li
02
mow
1014
Km',
n?
881i
10014
02
10014
1041
I'M'!
1134
1000 Itwy Steel Bprea Sa '31 08 08 UH.
8000 St L I 31 4 S (llf 4s. 74 73J4 73J4
1000 St L ft S f Ken 4..i0in lj)l4 1014
lROOll do .r A w I
1UOOO do adl W 1 84 84
innnil An In w I A3 33
2O0O at Paul il ft II ISl 4S lin-4 '-
84
53
1'3'i
iuoo neauoara a i. am us. 017, m-, ntri
BOOO South Hell Ss 10ll 100 I00
BOOO South Pac cv 4a 87S 87S 87S
S3000 do cv ret f p 3a.,..103K HW7J 1S
210(10 do rM 4s 8"T 8ii 8ii;
irUlO Rmith Itwv ff-n 4n . . 71 71 71
8000 do ron Sa HUH HUH H'lft
400(1 Tenn C ret I p K1414 UUlJ 104
15000 Term Asso St L ref 4s 8.1 H 8.114 8.111
1000 Tex A Pac 1st Sa . . . 07., 07 07.,
HHiOll Texas Co cv Ba 10114 104K 104K
15000 Third Ave adj Ba . . . 70S 704 70
1000 T St 1 1 W 4a '30 ,. 81 S4T4 B4
nuin T-i-Pitv a, too Hmi loo
300(1 U 8 Rubber Ba 10214 102K 1(1214
.103
. 0
. 03
, on
. 3211
OH
nn;
004
osT
80 1!
32 1
vn
103
OflH
031,
111
10014 10014 10014
Ud'J 0811 IIh'I
la 0814 081 08U
KAlJiitOAi
IpMJcaAKHy 8T. fVU
3Lw
-s
taoiiia"
EARNINGS
ANJHTB. JIAKU3.
laitt TttfJMttj
I'l:! l.7ij
isa
aa
II.
mmm m
18000 II S Steel S P Sa
BOOO Un Pac 1st 4a ....
SOOO do cv 4a ........
20000 do rfd 4s
15000 Un Ilwi'i S F 4a ..
13000 Va Car Chm 1st Sa.
luuo ao ne . . . .
BOOO Va Rwy fia
I (Hill Wabiiah 'Jd Ba
iruuUl W,L1 T fat rl 4l 1 D 34 34 34
1000 West Efectrlc Ba ... .1014 1014 101J1
1000 West Vrl lat 4a .... 73H T3H 73H
Total ll .. I. 881, 000 rompured nllh $1,
B J 1.000 y 31onduy,
4 DIVIDENDS DECLARED
anca Company of North America, reau
byi mlnnual II per cent., payable July 17 to
- .nlitMrm nt rHwrd at tnu Claaa OS Ijualneaa
-ir
minion Steel Corporation. Ltd.. resular
tarly 134 per cent, on yreierrea, payaoie
AtaBu. 1. Hooka close July 13 and reopen
Aui
StutsVbtor Car. of Indiana, a dividend ot
1123.000." parable September 1. AH of the slock
of the Stuts Motor Car Company of Indiana la
owned by Stutx Motor Car Company of America,
recently financed by Allan A. Ryan and asso
ciate. This action may be construed as Indi
cating that Stutx Motor stock will shortly be
placed on a 6 dividend baala.
American Plpa and Construction Securities
Company, regular semiannual ot 4 per cent, on
preferred, payable AmcutfC .1 to atoekholdera of
record July 20. Check will be mailed.
Jtth
GOVERNMENT BONDS
nid.
2a rUterd 30 J814
; coupon 1030 , :.. S8Va
i! registered ISIS 100
la. coupon 1818 loo,,
4i revere IMS 109H
4a coupon 123, ;iAi5 l.,u.
Paauna, 2a reslstcred 1U3U 08
Panama 2a reaUtered 1034 OS
Panama Sa rrsbterad 00l 100
Panama. Sa coupon , 100
A,X
Pitt
101
BANK CLEARINGS
Bank clearlnxa today compared with corre
.pondli dav U.t tj, y,r,:g
Phil.
Boston
New York,
'fi l(9 irn . . .
Baiubura . ft.ST3.81 1 S.t.3.T6a .735.14
M. ttula 1S.712.JW H.a,oU J3.U2.78J
New York Stock Sales
idlt close. lllKh. Loir. Close.
AcmoTc 62!f 62 62 62
Adr liumplr 15 16 15 15
Alulta J Gold M 8 8!f W Wf
AlAska Oold MlnM .18 18 18 18
Allls-Chiilmcrs Mfe 22 22 22 22
Allls-Clialmcrs Mf pt... 73), 7.1 T2H 7.1
Am At Chemical f8?f 07H 07!i 07H
Am ncct Sugar 0.1 0H 02 0.1
AmnMtSutarpf 100 99H OOJf 00f
Am Can 5.1U 63 fil! C2H
AmCar&Wy 62H 63 62 6.1
Am Coal I'roductl 118)$ 147 UU( 141K
Am Kxprcss .120H 1261J 120M 120J1
Am Hide & Leather...., 10,'f MH 10), 10H
Am Hide & Ii lf 53 62!f 5Uf 62
Am Ice Securities 20f 30 29 20
Am Locomotive. ........ 01 iH r.Df 03)4
mMaltCorp-npf Mi .17H .17) f 37!f
AmSmelt&Itef 01U 01 W.H 0.1)f
Am Steel Foundries 40lf 47 4G!" 47
AmTcl&Tcl.. 120Jf l20 120H 120K
Am Woolen 44M II 4.DJ 41H
Am Woolen pf 05)f ODJ 01 Ot
Am Writing I' pt 21 24)i 2.1)i 2.1!$
Am7.lncL&Sm 31 .11 20J 20
Am ZlncLS Sin pf .... 03' 02H 01)i 01)4
Anaconda Cop M 81)4 81H 70)4 80)S
AtchTop&HK la")), 10.M. 10:. 10.W
Atch Top & S F pf Oil 0!) OS). 08)
AllOulf&WI KM OiH 02M 02)4
ah ouif ft w i pf . . . :. . ot ' ai)4 ai 0.1
llald Ijoco Wks 00)4 71 (W 704
Halt ft Ohio 80)4 80 SS?!- 88.
llrooklyn Itap Tf 80K 8.5!f KM 85)1
llrown Shoo 61)4 60 60 60
initio ft Superior 03! 02U 11054 02
llutterlck Co 28X 2S'f 281 28.U
Cal Petroleum 21)4 20)4 10 10
Cal Petroleum pf 48K 4S 47H 47)4
Canadian l'aclflis 180)4 170 177)4 1 7854
Central Leather 50)4 M( 5.1U 6.15i
Chandler Motor 111)4 11054 11014 110)4
dies ft Ohio 02H 02?4 02 02
Chllo Copper 21 20)4 20'4 204
Chlno Copper 48)4 48!i 47)4 47f
Chl K I & Pac 22)1 22). 21 211
Chicago Great West 13 1254 12J4 1254
Chicago (heat West pf . . .17 .ION 30!4 30)4
Chl Mil ft St Paul OSU OSU 07J4 OS
Chl Mil ft St Paul pf. ..1305 130)4 130)i 130)i
COCAStL 60)4 64)4 5-1 51
C C C ft St L pf 83 82)4 82)4 82)4
Col Fuel ft Iron 44U 4H. 43)4 44
Col ft South 1st pt 68!X 68)4 5Si 68)i
Col ft South 2d pf 53 60 60 60
Continental Can 102 100 100 100
Consolidated (las 135)4 133 135 133
Corn Products Ilcf 14! 14!f 14)4 14)4
Corn Prod Hcf pf 00)4 00)4 00 00
Cruclulo Steel 70 72 08)4 72
Crucible Steel pf 114)4 114 114 114
Cuba Cane Sugar 01 005. fl!)5 00
Cuba Cants Sugar pf 05 04'f 01)j 01!4
Denver ft Itlo Or 15). 15)4 15 15)4
Denver ft Hlo Or pf.... 33)4 37)4 35)4 3554
Distill Sec Corp'n 4354 43)4 41 41
DulSS&Atl 6!4 4)4 4)4 4)4
Elec Storago Hat 03 03 03 03
Erie 30)4 3G5f 30)4 30)4
Erlolstpf 64)4 6-114 64 51
Krlo 2d pf 44 45 45 45
FcdMlnftSmpf 38 38 38 38
General Electric 107)4 107 107 107
Granby Consol 85 81 84 84
Greenc-Caiianca 4554 45 45 45
Goodrich II F 75)4 7454 7354 74)4
Great Northern pf 110)4 110)4 110)4 110)4
G Ncfs for ore prop.... 3054 30!4 30)4 30)4
Illinois Cent 100 ,105)4 103J4 105)4
Int Harv Corp'n S2 S2 82 82
Int Harris J 113 114 113J4 113U
Int Nickel v t cfs 47)4 47)4 40'4 40)4
Int Con Cor v t c sh... . 17)4 10)4 10H 10J4
Int Paper 13)4 14 1354 14
Int Paper pf 02 02)4 02 02
Insp Con Cop 51)4 61), 6014 6014
Int M M c of dep 24 J4 25 2354 235f
Int M M pf c of dp 80 RS)4 87 8754
JewelTeapf 10-1 100 ' 100 100
Kennccott Copper 4754 4754 40)4 40)4
Lack Steel Co 70)4 70)4 00)4 00)4
Lehigh Valley SO 7054 70)4 70)4
Lee Hubber Tire 47)4 47 40)4 40)4
Long Island 30)4 37 37 37
Maxwell Motors 70)4 70)4 78 78
Maxwell Motors 1st pf . . 80 85)4 85)4 8554
Maxwell Motors 2d pf . . 57 50)4 50)4 50)4
Mexican Petroleum 103)4 102)4 101)4 102H
MlnnSt P ft SSM.... 127)4 120 120 120
Miami Copper 34)4 34)4 3354 335,
Missouri Pacific 7)4 7 7 7
Missouri Pac tr cfs 7 7 0)4 0)4
Montana Power 88)4 S0J4 88 8054
Nat Cloak ft Suit 74)4 7554 7554 7554
Nat Lead Co 05 05 05 05
Nov Con Cop 1054 1054 10. 10)4
Now York Air Drake.... 120 120 125)4 127
NYNH&H 0154 01H 00)4 G054
New York Central 104)4 101)4 101 101
Norfolk ft Western 131 M 131)4 130)4 130)4
Norfolk & Western pf. . . 80)4 88 88 8
North American 07)4 08)4 0S)4 08)4
Nortnern Paclllc 114)4 11254 112)4 112J4
Nat Hys Mex 2d pf 754 0 0 0
Ontario Silver MIn 7 0)4 0)4 0)4
Pacific Mall 21 21 20)4 20)4
Pcnn Railroad 57)4 57J4 67)4 57)4
Pitts Coal Co N J pf. .. .103 10154 102)4 10354
Pitts C C ft St L 83 83 S3 83
Pressed S Car Co 45)4 45 45 45
Pressed S Car Co pf 00)4 00)4 00)4 09)4
Ily Steel Sp Co pf 00)4 07 07 07
Ray Con Copper 22)4 22 2154 2154
Heading 00)4 094 0754 0754
Heading 2d pf 45 45 45 45
Hepubllc Iron ft S 4554 45 41)4 44)4
Republic Iron ft Spf.... 108 108 108 108
St Loul& S F 2d pf. . . 0)4 0'4 0)4 CJ4
ShatArUCop 20)4 20)4 25 25
Seaboard Air Lino pf.... 39)4 38)4 38 3S
South Porto R Sug 185 190 180 100
Southern Paclflc 08)4 0854 0754 9754
Southern Hy 2154 215, 23)4 24)4
Southern Ry pf 09)4 09 09 69
Standard Milling rts )4 54 H 54
Studcbaker Co 131)4 13154 13254 13254
Tenn Copper 34)4 34)4 31 32
Texas Co 103 192)4 189 108)4
Texas Co sub rec f pd. . .191)4 188 18S 188
Texas Paclllc 12)4 12)4 12)4 12)4
To! St L& West 7)4 0 0 0
Union Bag ft Paper pf . . .11)4 35 35 . 35
United Cigar Mfrs 5054 57 57 57
USSmlt&M 71 70)4 CO 09)4
USSinR&Mpf 51 5034 50)1 50)4
Union Paclllc 139)4 139)4 13M4 138)4
US Ind Alcohol 12SM 127 107)4 109
United Fruit 100 158)4 158)4 158)4
USItubber 5334 53 63 53
U S Rubber 1st pf 11054 110)4 11054 11054
U 8 Steel Corp'n 80)4 80 8554 8534
USSteel Corp'n pf 1I7M 117J4 11734 117)4
Utah Copper 77)4 77)4 70 70
Wabash 14)4 14 14 14
Wabash pf A 51 51 60)4 50)4
WabashpfH 28)4 28)4 28 28)4
West Union Tel 04)4 0454 01 04
WestK&M 50)4 50)4 55)4 50)4
Wheel ft Lake Erie 554 0 554 5)4
Willys Overland 7554 70)4 7434 75
WlUys Overland pf 107 108 10734 108
Wisconsin Central 40 47)4 40 47)4
WoolworlbFW 130)4 135)4 135)j 135)4
Quoted ex dlldend
Total sales. 413 200 shares, compared with
32,100 share lust Monday.
PORT OF PHILADELPHIA
Steamships to' Arrive
FHEIdllT.
Name. "P1; ,SalIlli
Quren Marsaret Manchester' ... .June S
City of Aura .., ..Caua Town ...June 13
Huelva .,,....,..-.. ...I-eltn June 17
Tamaqua ,.,,, Glasgow ......June 17
Nordlyn , .Copenhagen ..,Jum24
North 1'olnt ".ondon ...... .Junu L'3
Sir Krn Sassel ...... ...Narvik ..June JU
Alexandra .,.,,...... ..bhlelda June 'J 7
SSyldyk Amsterdam ...June 21
I), u. MIchallnos. ......Oran .........June S)
Aacot ............Huelva ,.,.,, .June an
Urd ' i,ar,y lur l
Wynroto ,., Glasgow ......July 1
Mississippi ..,.,...,.. ..London ...... Ju jr a
Yuan ,,,. Santa Maria. ..July 3
Artisan .., ,.,,.,. .Antofagaata ...July 4
Maine .....,.,,,,, ... ,,I.undon ,. Ju y
Cheyenne ...Uverpool .....July o
Uoldeguard ,..,,, ....iiiitanzai ....(.July 7
PORT OF NEW YORK
Steamships Due Today
Name. . From, Stiamed.
Tu.cinla Liverpool July I
Corona , . . . . ttordcam .... .June SO
Steamships to Leave
. Name. or. Date.
New Amsterdam Falm'th-Rofm .July 11
Celtic Uverpool July 13
Movements of Vessels
Btr. ToIedS. Philadelphia, for Bablne. was 103
miles southwest of Diamond bhoal lightship at
7 p. m. July 0.
Sir. Oulfoll. towing barge Conemaugh, Sabine
for Philadelphia, was !l)3 miles southwvst of
Diamond Shoal lightship at noon July u.
Str. Santa, Rita. Sabine for Philadelphia, wa
24 miles weat of Sand Key at 8 p. m. July S.
Str. Currier, Philadelphia for Matantas. waa
183 miles north of MaUnzae at 7 p. m. July a.
Str. Katahdln. Georgetown for Philadelphia,
passed Diamond Shoal lightship at 7 JO p: m.
July S.
Str. Leira iDan . Pelawa-e llreakwater for
Port Arthur, paased Diamond Shoal lightship
at 1110 P. m. July 8
Str. Paraguay Philadelphia for Sabine, was
131 milts southwest et Diamond Shoal lightship
at poon. July . A
r
f
REPORTS OF BLACK
RUST HELP WHEAT
Export Sales Also Aid in Final
Dealings in Chicago
Market
cast
OltAl.V I1EI.T WKATI1F.B FOKF.CABT.
CHICAflO. Joly 10. The weather fore
st for 38 hours follow!
Illinois Fair tonleht and Tiicwnrt
wnrmrr Tnedniir.nnd west tonight. ,
Mlseonrl 1'itlr tonight nnd Tnesdayt
wnrmer northeast. ....
lVIronln lair oontli, tmrtlr cloudy,
prohahlr local thunder snowrrs north to-
nlshii Ttiesany, generally fain warmer to-
Minnesota rnrlly cloudy west nmt south!
thunder showers northenet tills afternoon
or tonlglitt wnrmer In extreme enstl cooler
extreme west tonlghti Tuesday, generally
fain cooler enst, .... , -
ln,vn tlrnernllr fair tonight nnil Tnes
dnrt wnrmer enst nnd rentrnl tonight nml
eifreme enst Tiiesdnyi cooler northwest
Nortd'Dflkntn (lenernlly, fair, tonight nml
Tiirsilnrt somewhat cooler tonight.
rionth Dnkntn (lenernlly fnlr tonight nml
Tiiesdnyi somewhat fooler ' tonight north
nnd et nnd extreme enst Tiiesilny,, .
.Nelirn.kn (lenernlly fair tonight urn
Tueiin'i cooler northwest tonight nnd enst ,
Tuesday. ,.
llnn.ni (lenernlly fnlr tonight nnd Toes,
ilnyi rooler Tuesday, estreme north.
CHICAGO, July 10. Thero wns much be
wilderment In Hie wheat lt today bccnime
of ilcnlnlu nnd confirmations of stories about
black ruat In tho northwest. The market
ended firm, nt the best level of Iho Rcsslon
after n eood deal of Irregularity.
Tho tone nt the start wns cnslcr under
fairly nctlve sclllnrr, but milled on renewed
buylnc;. Hears then beenmo n lltllo unoro
nufiresslvo nnd forced the market back.
.Shorts, however, were so badly punished
by Saturday's scnsntlonnl jump, when tho
first black rust scaro of tho season do
velopcd, that they were not Inclined to sell n
grout deal.
Tho strength In the ilnnl denllngs was
duo to moro reports of black rust In the
northwest nnd to export snlesl of about
600,000 bushels. Including n enrgo ot new
hnrd 'winter wheat from tho Qulf. Lost
quotations were 1 to He. not higher.
Summing tho rust matter up, a leading
authority said: "JJIncq rust seldom rrta
terlallzes. but tho fear causes bad dreams.
June wns very favorable for spring wheat.
It Is usually n hard month."
The market nt Liverpool started strong
on the rust news from America. Tho visi
ble supply In tho United Stntcs decreased
809,000 bushels for tho week, to 11,820,000
bushelK.
Corn finished firmer, nl'though nt ono
tlmo ther wns considerable support on tap.
Tho country bought Decomber, particularly
Southowestorn Interests, ns temperatures in
that section aro high and rain Is needed.
The visible supply In tho United Stntcs
decrensed 7.11,000 bushels for tho week, to
6,in,000 bushels. Tho market nt Liverpool
wns firm on decrenslng stocks nnd smaller
export offerings.
Onts closed stronger. The vlslblo supply
In the United States decreased 73.1,000 bush
els for tho week, to 11,719,000 bushels.
'.endlne futures ranged as follows:
Wheat Open. High. Low. Close. .
July i.u;
September
Dpcemlier ,
Corn mow delivery)
Sat.
close.
. .. l.oii'i i.iw l.oci ti.os ti.trnvi
.. l.tisK l.io i.oh ti.iu i.inijs
.. l.ll'i 1.12H l.lott tl.iaK 1.1114
70
744
n:iU
4fl'
:iH
41
Julv
Heptcmbor
Decrmber
Oats
July
September
Decombor
i.aru
July tl.1.17
September ..1:1.113
October
Win
July 13.110
September ..13.70
l'ork
July 23.M
September ..114.83
Hid. tAskcd.
7BH
74Js
40"-i
'"..
41"!
77H
73
(12 1
-III
30'1
10A
t78',i
74
11.1 is
.a
ti.iH
to'4 tnnj,
41U Ml,
13.20
13.3ft
13.33
13.70
13,12 113.20 tl.1.27
13.27 13.32 13.40
11.1.47 t!3.42
1.1.30 J13.33
1.1.32 13.37
23.37
24. N7
INomlnnl.
23.33 123.37
24.112 2I.K7
13.70
13.72
23.00
24.87
Financial Briefs
Tho report ot tho Lackawanna Steet Com
pany for the quarter ended Juno 30 last
will bo made public In tho next few days.
It Is stated In tho best Informed circles
that tho profits nftcr Interest, rentals, np
proprlalons, etc., will ba moro than
$1,000,000 ahead of those reported for tho
first quarter of this year, when tho amount
was $2,251,068.
J. K. Hatch, formerly connected with tho
Walnut Street lluslncss Association, has
associated himself with .Norman S. Sher
wood, a real estnto broker, with oftlces In
the new Stock Exchange Building.
Shipments of bituminous coal pver,tho
Philadelphia and Heading Hallway during
May totaled 1,442,493 tons, compared with
l,.iG0,833 In April nnd 1,319,795 In .May of
last year.
There hns been placed on tho regular list
of the Philadelphia Stock Kxchange $99,000
additional American Telephone nml Tela
phono stock, $1500 additional Philadelphia
Company G per cent, cumulative preferred
stock; $847,000 additional Lehigh Coal and
Navigation Company consol mortgage HO
per cent, sinking fund gold bonds, series A,
due 1954, making total ot these L. C. and
N. bonds listed $14,604,000.
Sales of F. W, Woolworth Company In
June were $6,801,845, a gain of $1,086,505,
or 17 per cent. In tho first six months
sales were $37,203,621, n gain of $5,018,258,
or 16 per cent. Of the Increased sales In
June $629,711 came from tho old stores
which were operating In June, 1915, Of
the six months' gain, $3,080,012, or about
60 per cent., came from stores which have
bee"n operating a full year.
It is understood that the Sinclair Oil
and Iteflnlng Corporation, which represents
a consolidation of a number of tho largest
and most successful oil companies In Okla
homa, Kansas and Texas, including the
Cudahy Refining Company, the Chanute He
fining Company, the Milllken Refining Com
pany and others, Is now earning at a rate
cotralderably In excess of $1,Q00,000 per
month, against an estimate ot $300,000 per
month nt the time the $16,000,000 of bonds
were sold following the .formation of t,he
corporation on May 1 last.
The New York Subtreasury gained $1,
166,000 from banks on Saturday, reducing
the cash net loss since Friday to $3,312,000,
The London Stock Exchange will be
closed on Saturdays during August unless
opened tor some special reason.
Benjamin B. Bryan has sold his fourth
extra membership in the New York Cotton
Kxchange. The consideration was $14,0,00,
unchanged from the previous transfer.
HUGHES' APPROVAL FILED
Philadelphia Men and Those From
Other State Cities Get Indorse?
ment of Candidate -
HATimsnUIta. Pa., July 10. The follow
Ing' list of Republican electors as approved
by Mr. Hughes was filed at the Capitol
today by W, Harry Baker, secretary of the
Republican Utate Committee;
David B. Oliver, Pittsburgh; Nathan T,
Folwell, Philadelphia; Charles T, Alkens,
Selinsgrove; Simon F. Pauxtls, Kdwards
vlllet William FItnn, Pittsburgh; Rodman
Wanamaker, Wyncote; Ellis A. Glmbel,
Philadelphia;; Thomas Robins, Philadel
phia; James Van Busklrk. Philadelphia;
Thomas B. Smith, Philadelphia; NU1 C.
Brodhead, Philadelphia; Edward Fans
Smith, Philadelphia ; William Wayng. Paoll ;
Oscar O. Bean, Doylestown; Benjamin S.
Schlndle. Lancaster; E. 1L Rlne, Scranton;
C. E. Rice, Wllkes-Barre ; Edmund D. Smith,
PottsviUe ; A. Ellsworth Lelnbach, Reading ;
Edwla M. Dunham, Sayre; Horace B.
Packer, Wellsboro; Curtis O. McWllllams.
Shamokln; D. 11 Long, Fayettevtlle ; John
Hayes. Carlisle; William V. Hughes, Hoi
Hdaysburg. Thomas Shipley, .York; David
Howell, Kane; Robert B. ilrecr, Butler;
Allen F- Cooper, Unlontown; Kerfoot W.
paly, Charlerol; Arthur L. Bates, Mead
vllle; William E, Chlpraan, Easton; William
O. Emlth. Punxsutawney ; Frank H. Buhl,
Sharon; Ueorge B. Teoer. Eewlckley;
Charles A. Rook. Pittsburgh; Nathaniel
Spear. Pittsburgh; Joseph. M. Hall, McKceg
Rocks.
Sales in Philadelphia
10 AlllsChglm ...s2ti
20 Am das 120.,
is Am nwys rr .. OSH
no Am Ixwo ...... fllH
200 v.tim Bteol R2..
100 Col Fuel ..... 4lTi
130 Klcc Stor ..... OS.,
10 tlen Asrhpref 704
in mint a ii t pro in.
10 insp copper.. . go
loo int M M pfd t c 87
RA 1.. 0........ J7
10 iJiki Sup Corp ll'i
Low.
.21H
inu.
"SH
tt
04V
i m
44H
fl.1
70H
iu.
43 Irf-hlnh
20 l.chlzh
Nav
vaiiey.
73
8Q
100 l,eh Vt Trnn.. 22
4;
7314
SO
31 ilo nrrf
817 Pennit nil . .
30 I'a Salt Mfg.
n rtuia co
4S'i
68
to.
c2?vr
04H
82..
44li
03
JOU
if!l
ou
22
Net
chte.
i
13 do cum pref 40"4
8112 rhlla KIco i 20
430 P II T t e .... 10H
31 Phils. Trse ... 77
nit 1' C ti ft St Ii.. B2H
K0 Rrndlng ,. D8H
inn So nallwns-. 24
20 Tonopah Helm. 4H
100 Tonopnh Jlln. . 0
70 United Oas Imp. 88.,
20110 IT H Steel, 80H
lor. War Ir nnd St.. Ill
n Westmorel Coal, nsli
fio York Itwy ,,. 37Vi
Increase. Decrease,
42J4 42'4 .....
B7 r.Ttt "i
Hi
lis
40
40H
281
m(
Ik
m
$&
37H
VS
40
in
10M
Ik
iisH
24.
4VI
II
"8.,
n t
am
t
-it
Total antes IU7 shares, rompared with S30R
slinres Inst Momlny.
IIONDS,
tr.ooo Am O A ki r,s nali
8000 Ilnl Io 1st ris.nuu
1000 I.l Slip Inc 4s. 3.1
..1000 Lch Vol uen 4s 01
i'jnnn An an 4Us..tOO
liliio Leh V Tr ref."s HI'
4000 do lsi r,s , . .lu.i
20IIII Pn ceil 4Ha. .101
100(1 I'hlla Co 1st na.101
2H0II I'hlla flleo 4s. . 4
12000 do ns 104 ,
14000 Ileadlns; Ken 4s li."Vj
2000 Stnnd Una (ls..lnoJ4
4U00 l!n nwys t c 4s 7314
lOIKI Un Itwy Inv Us llSMi
Increase. Decrense.
Tolnl sales $03,5000, compared with 13,700
Inst .Mondny.
Net
. l.nw. Close, rhite.
imu t'.ijt -r
loiii link ,'l
3.1 .13 1
ni ,U1 '
Inn loo ,....
HI'', til, .....
s iiiiii i'iti - ;t
Kiiw ini Is
I iol'4 loili
S3 nt ......
lot. int., i
03 4 tins
looll lno'J .....
73 73 Mi
lllivi oils
Local Bid and Asked
Today Saturday .
Hid. Asked. Hid., Asked.
Haldwln - '0V4 7 "V 70
Hurt & Bus t o nt n4 ni fj
do pref 55 n M 5
Hrlll .1 O 81 3S 34 38
?t :::::::::::: nik ?oi ?u
K-Jv-lnnf felrphono .. tar. i M
:!or".:::::::::: i?Jj Mj i? g
LehUh Vol 7n . 7J? JJ
LehlEh Vol Tr 2lfi 22 21. 22
doprf i z r7 r.5
Pennsylvania nj'J M r.7. r,H
I'hlla r.lectrle ........ 28. 20 .8 A 20
Phlla Co ............ 804 404 31 J" 4
oonnref:: 38 28h g S
5S5SK8 &' :::..'. 4f Jft "M6 S
Itnlon Trnctlon 43 41 UA Jl
It (las Imp gIV ES,, " S.V
tl H Steel .'.. 2j JL)) VffL
York llwv 13 l.. JJ '
do pref j aivi ! '!
Wm Cramp t e 71 78 74 7B
FOREIGN EXCHANGE
NEW YORK, July 10. Tho feature ot
the foreign exchango market this morning
wan the pronounced HtrenRth sljown In
rolchsmnrks, which, opened nearly n point
higher than the closing quotations of Satur
day. A few sales wcro reported at 74,
which quotation now obtnlns. The advance
wns attributed to tho arrival of tho Gorman
L'.boat Doutschlnnd nt Baltimore, on Sun
day. Otherwise tho market wns unchanged.
I-'olowIng are tho quotations: Demand
sterling, 4.7D4, cables 4.7G 7-16; franc
checks, fi.90?i, cables, G.DOVi: relchsmarks,
checks and cnlbles. 74 V, nominal; lire
checks, G.30, cablos, 6.38M; Vienna checks,
12.S0. cables, 12.85; kroner checks, 28.60,
cables, 28.70; pesetas checks, 20.20, cables.
20.30; Swiss checks, B.20U. cables, 5.281,4;
guilder checks, 41 7-16, cnblcs, 41; rubles,
checks, 30.7C, cables, 30.80.
Shortly aftor tho opening relchsmarks
cased slightly to 74, which wns a purely
nominal quotation, foreign exchange men
stating thl(t It was dilllcult to obtain an
accurate market. Tho market as a wholo
was dull and inactive throughout tho early
period.
RATES FO MONEY
Cnll.
New York 3V. 0 l',i
Philadelphia 3
Hoslon J ,
I'hlrnirn 314 1574
Commercial paper, threo to six months, Phila
delphia, 33 per cent.
Time.
3'i M
3V 04, ,
4 $4W
I W4',
Reserve. Banks' Discount Rates
. .. .
10 or
less,
. 3
a
Iloston
New Tnrk . .
Phlladnlphla
flit-eland . . .
ntchmond . .
Atlanta
Chicago . . . .
St. IxjuIs . . .
Minneapolis .
Kansas City
l.a Una
Man Francisco. 3
-,... Ifi r... nt n... tn
UP to 30. Up to (10. Up to 00.
3H
8 '4
315
4
4
4
4
4
4
4
44
A
3(4
4
4
4
4
4
4
4
4
4
4V4
4
4
4
4
4
4
4
4W
4
4
4
44
4
4
Itrtatnn . .
New York .
Philadelphia,
Cleveland ..
Richmond .
Atlanta ...
Chlcaco . . .
St. Louis ..
Minneapolis
Kansas City
San. Francisco. nV4
AKilcui. imun ui-ccimii-rB v.uiu-
Over 00. Up to 00. 00 to 00. modlty.
3
3
414
. 3
n
. 3
s
5
s
3
,, . nn J.-..-. .... SO n OO
over 00 to 00 days, 41 per cent.,
days, 0 per cent.
lit
3
4
4'
3H
3W
4
34
a
3
3
3
3
4H
3
3
3V4
4 per cent.:
and aver 00
CITY TRANSIT, ADDS ENGINEER
Twining Engages Steel Inspector at
$1800 Other Appointments
Tho fteld staff of the Department of City
Transit was further increased today by tho
appointment of John M. Chldester, Jr., 5441
Queen lane, ns chief of the steel Inspectors,
at a salary of $1800 a year. Director Twin.
Ing will make other provisional appoint
ments In the near future.
Director Datesman, of the Department of
Public Works, appointed William J. Dorsey,
2033 Pierce street, and Charles Welbel,
1828 South Juniper street, as Inspectors In
the Bureau of Highways, at salaries ot
$1200 each.
Elizabeth Steadman, 2224 South Chad
wick street, was named a bathhouse matron
by the Hoard of Recreation, and Director
Wilson, of the Department of Public Safety,
named 11 new hosemen for the Bureau of
Fire.
Sales of the United Cigar Stores Company
in June Increased (412,000 over the cor
responding period a year ago.
INVEST IN MORTGAGES
AT 5.4
Recommended by
BEN T.WELCH.
1328 Chestnut St.
RlAZIER&Oa
INVESTMENT BANKERS
Broad & Sanson Streets
So. Rwy. Equip. 4k
REED A. MORGAN & CO.
WEST KM) TUU8T ULUQ., I'IUL.1.
Mxoiberi of the rhlla. Block Euhaoxs
DIUECTOBY OV ACCOUNTANTS
Certified Futile Arconntants
LAWHRNCB B. BROWN CO.
U10 BEAU ESTATB TRUST B'Jlt-PlNq
Tt lima v
f
DEMAND FOR CARS ON EASTERN
ROADS BARGER THAN THE SUPPLY
Traffic Continues to Become I&isily Congested Notices
Sent Out by Several Banks and Trust Companies in I
Philadelphia Advancing Call Money Rate
Officials of the railroads operallnc East
ward from ChlcaRO and St, Louis still report
tho car supply Inadequate to meet tho ae
mands of shippers.
While an Immense nmount of tonnnco
still emanates from the Iron nnd steel trade,
shipments have recently been moro diversi
fied from other lines of manufacture. At
the leading Raleways tralllo still easily
becomes congested.
A healthful tone Is reported In connection
with all business In tho territory ot these
roads. Westbound tonnnco continues to
show moderate Rains and Is considerably
In excess of the volume handled a year bro.
Officials of the Southern roads report
a pood business In miscellaneous tonnnRe,
with merchandise shipments runnlnR ahead
of n "yenr oro. Tho Mexican situation
causes somo hesitation, althoURh Rencral
shipments nro about 10 per cent, ahead of
last year.
I,ato Ih the day It was learned that sev
eral of tho natlonnl banks nnd trust com
panies In Philadelphia wcro sending out no
tices of an advance in the rate ior can
money from Hi per cent, to 4 per cent.
.Th.'s is the second Increase In a month, thi
rate having been advanced on June 9 to 3
per cent., after havlnR stood nt 3 per cent,
since October 25 of last year. On February
6 ot 1916 the rate was 4 per cent., n reduc
tion of ',4 of 1 percent, having been made
at that time.
Only a few Issues wero traded In on the
Philadelphia Stock Exchange In the early
I hours today, nnd price changes were mostly
to lower levels, althoURh tho losses were
not great. One ot the exceptions was Cam
bria Steel, which showed n loss of 3 points
to 82 ns compared with the last previous
sale. This stock has not been active since
tho acquisition ot tho company by Mldvale,
and transactions In It do not represent the
trend of tho market.
Somo few Issues wero higher, but the
gains wero small. Westmoreland Coal
moved up n fraction, an did Ihlgh Valley
nnd American Hallways preferred, while
Electric Storage declined a fraction. The
market remained quiet In the afternoon and
prices remained around tho level struck
during the morning trading.
MORE HAYEKS THAN SELLERS
AND COTTON PRICES ADVANCE
Good Liverpool Cables and Rains Cause
of StrcngthN
NEW YOniC, July 10 Activity was dis
played on tho Cotton Exchango this morn
ing. Two prominent operators attempted
to a great extent to supply tho demand, but
tho buyers far outnumbered tho sellers
nnd forced prices up 0 to 9 points on tho
call, with the tone firm.
Goon cables from Liverpool nnd con
tinued rain In tho enstern section ot tho
South wcro tho Influences. Liverpool was
a fair buyer of tho near options and also
took n moderate amount of March.
Wall street 'nnd Southern Interests were
purchasers, while selling was quoted by
some commission houses and professionals.
After the cnll tho market held steady nt
tho early lovcls.
From Liverpool advances of 3 to 3 V5
points wcro reported, wherens prices thero
were duo to come 4 point higher to Hi
points lower. Tiicro wns no explanation
for the firmness abroad, with tho excep
tion of unfnvorablo leather conditions hero.
Ilnlns wero reported in tho eastern por
tions of tho belt on Sunday and this morn
ing. The wet weather Is considered un
favorable for tho crop because of Its effect
on the boll weevil nnd tho rotting of tho
young plant.
Sat. close. Open.
July 13.01 la.oo
Auif. la.ol la.ot
Oct. 13.10 13.1-t
Dec 13.-'H 13.33
.Inn 13.3.-1 13.40
Mnrch 13.41' 13.gr,
May i3.n:i l3.?n
Spot 13.10
HlKh.
13J)0
13.0S
13.17
13.3.".
13.41
13.H7
13.73
Low.
111.8)1
ll'.SS
11! 1)11
13.17
13.23
1.1.HII
18.07
Close.
r.'.mi
l-.'.HS
13.01
13.111
13.23
13.411
13.37
13. ur,
Liverpool Cotton
LIVKHPOOL, July 10. Spot cotton wns
quiet today at 4 points advance on tho basis
of 8.12d. for mid-upland. Tho sales wcro
0000 bales, including 5700 bales American.
Tho Imports were 17,000 bales, Including
10,300 bales American. The market for
futures closed barely steady at a net ad
vanco of 2 points to a dcclino of 2 points.
NEW YORK COFFEE MARKET
NEW YORK, July 10. The local coffco
market was ilrm nt tho opening this morn
ing with first prices showing advances of
2 to 8 points on scattered, covering nnd
some buying by trade fntcrcsts, prompted
by the steadiness ot the Brazilian Interests,
Sales on the call were 4500 bags.
Today's
opening;.
July
August . . .
September
October . .
November
December
January . .
February .
March ....
April
May
Jun
nid.
S.l'OOH.30
H.SO
h'.'il 08.42
H.tiO
8!nAo8.m
8. IIS
H.7308.75
8.78
Saturday's
rlos,.
K.IISWH.IO
S.IOWM.IH
8.34WH.'.'I)
H.'.:tl$H.31
8.34 9(8.3.1
H..1RHH.40
8.448.4It
8.nnHN..11
8.(1.1 UK. All
8.llllH.ni
H. ft." (f 8. till
8.70ti8.il
NEW YORK RUTTEIt AND EGGS
NRW YOniv. July 10. I1UTTER High
crudes, fair; medium urndes. easy, ltcccipis,
10.K74. Quotations unclmnced,
UGU3 nulet. Hlfh Erodes, firm. General
ofterlrkirs fnlrly stead- Itecelpts. 14. .100. Ken
ulur pucked firsts; 1MJ-I',4c. ; other grades un
changed. LONDON STOCK MARKET
Accumulation of Orders for Investment.
Americans Irregular
LONDON", July ,10. An undertone of
strength wns observed In tho Stock Ex
change markets today. ,There was a fnlr
accumulation of orders for securities for
Investment over tho week end.
Tho gilt-edged section advanced notwith
standing the fact that discount rates were
harder. Half yearly dividend forecasts
resulted In a demand for home rails.
Thero was no featuro to the American
group, which was Irregular but narrow.
Canadian Pacifies were steady but grand
Trunks moved upward again.
South American rails displayed firmness
In spots. The expectation wan revived that
the Treasury would buy these descriptions.
Allied bonds were strong. There was good
purchasing of nrazlllan descriptions.
Marconls Jumped to the top level of the
present movement, in sympathy with the
staple, rubbers held well.
Gels Russian Steel Rail Orders
NEW VOniC, July 10 The Lackawanna
Steel Company has taken orders for 75,000
tons of 07 M -pound open-hearth' rails for
Russia, deliveries to extend up to the mid
dle of 1917. The contract price was In the
neighborhood of 152 a ton.
STEEL'S UNFILLED ORDERS
ARE 2i)7,iM0 TONS SMALLER
Bookings on Juno 30 Totaled 9,640,468;
Bigger Than Year Ago
NEW YoniC, July 10. Tho United States
Steel Corporation today reported Unfilled or
ders of 9,040,458 tons on Juno 30, n decrease
of 297,340 tons ns compared with May 31.
While It had been expected that the big
corporation's orders would bo smaller, It
was not thought that there would bo such
a largo decrease, estimates of the falling oft
having been nround 15,000 tons. Tho Juno
30 figures, however, nro moro than twice
ns largo as reported In tho previous year
nnd nlso the largest for any Juno In tho
corporation's history,
years follow:
Figures for threo
January .,
February .
Mnrrh . . .
April
May
Juno
July
Augusta,.
rleptemEer
October . .
November
December
101R.
7,nr.'.7il7
H, ,108,1111(1
n.831, mil
n,8'jn,nni
0,11.17.7118
U.040.4.18
,101S.
-I,i48.n7i
4,114.1,371
4,'.Ti.1.740
4.inL',L'44
4.Zll4.r8
4.1173.11)11
4,(I28..140
4,nS8,41S
0,317,1128
n.in.i,in2
7.1S1.4RII
7.800,220
1014.
4,018,080
0,020,4111
4,n,13,8'.M
4,S77,(II1S
.t,DH8,llln
4,032.8.13
4,irH,n8!l
4,213,331
3.787.IUI7
3,401,0117 ,
S.O'M.r.n"
8,880.043
III!IIIII!IIIII1II!IIIISI1IIIIIII1I
j Copper Stockholders jf
PI Reaping Dividend Harvest g
8
J Holders of hlfh.grt.ilo copper
stocks ire rsnnr nsnaiomeir
throujh receipt of attract!? quar
terly dividends. And ther tl a
strong possibility that before lonr
a substantial market sppreolatlon
will take place In thes securities.
with tho present
vldendi. and tha
probability of Increased disburse
ments, makes the coppers an Ideal
Investment proposition,
(J Free statistical Copper Do ok
sent upon request, tog-ether with
olrculsr namlnr best purchases
iraonr the dividend payers, Atk for
21-1'L, Including- booklet explalnlnr
CI This nrosoect.
htg-h rato of dividends,
a
"The Twenty Payment Plan" t
lavcyimenjyfcurititr
(Established 1008)
E5 40 Exchange Place New York SET
Iiiiiiiiiiiitniiiiiiiiiiiiiiiiiiiiiiiiiii
Guaranteed Stocks
Wo offer, subject to prior sale, the
followlrfg guaranteed Btocks: '
Allegheny Western It. It 0
C'atnwlssii 2d Preferred ., 5
lleeili Creek ltnllroud 4
Krlo & rittsbureli It. It 0.4
I'ltts., Ft. Wayne & Clilcnco 7
l'itts., Ilessemer & l.uko Krle . , . , 3
Cninilrn & Ilurllnirtou Co, 11. It.,.0
Nlinron linllwuy , 0
l'n,.New Jersey It. It. & Cnnnl. . .0
nKfawCo,
L
llAMCIlllS and IIHOKRItB
6th & Chestnut Sts., N. E. Cor.
Member of I'hlla. Stock Ilxchanco
jiirrc-i wire to .-now lurk
$100 $500
READING 4s
Due 1921, 1926, 1931
Net debt only 1.4
Tax Exempt in Penntylvania
Send for complete details
N.W.Halsey&Co.
1111 Chestnut St., Philadelphia
Kew Tork qtilcago San Francisco
pennsylvania
Leads
the country in the number of depositors in natipnal
banks with a total of .2,021,878. This is an in
crease of 762.738, or 60 over 1910.
'V?ith the broader education of the people as to
banking principles and ideals, there is an increasing
desire to identify themselves with a bank which
through its history reflects stability and sound
judgment on the part of its officers and Board of
Directors,
The First National Bank of Philadelphia is such
a bank, and was the First National Bank Chartered
in the United States,
We invite your business on terms consistent with,
the character of the service rendered.
The First
Nationajl bank
of Philadelphia
rfSffirajjsv
315 CheitnutSt.