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liLN(i LUiJUCiJii i-HlLADJ!iLI-HIA, MUxnJdAy, JULY 17, lillC
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' '. FINANCIAL NEWS
i . , 1
$r. BUSINESS IN STOCKS IS SMAIiiiiJiK;
"LARGE INTERESTS ARE GOOD BUYERS
Principal Influence in Market Appears to Be Covering
Requirements by Over-Extended Bears Call
Money Reaches Lowest Point in Several Weeks
i
High Points in Today's Financial Nctvs
President Wilson signed rival crcdils bill. $2Ofi00,G00 in gold arrived in
New York from Halifax. Surplus of members of Philadelphia Clearing House
Association fell $6,S67,000 in week and loans increased si,iol,000. Price of
bar silifcr higher in New York and London. Annual icport of Philadelphia
Rapid Transit Company expected to be best on reconl.
NI3W YOUK, July IT.
Trading on the Stock UcchaiiRc today was In runilderably smaller oluiiio
than oh tjic last two full days and bustncn was conllncd to a narrow rntnxo.
There were reports of Rood buying by 1m go Interests, but the principal ltltlunnco
appeared to bo covering requirements by a' number of smaller bears who had
become overextended.
Some of tho larger bears expressed the opinion ,carly lit tlio tliy that there
tvns too much company on their side unit tenuUned passive. The Hindis of roni
lianles likely to bo more directly nffeeletl by tho reported heavy Hoods in the
South declined only slightly, and, on tho other hand, n few railroad Issues fceoied
substantial Improvements,
Theso Included Denver preferred, Great Xorthein preferred nml Heading. Tim
last mentioned helped the general recovery by a rally of 2 points from tho
extrcma low.
In tho forenoon dealings stocks nlmost generally showed advances from tlio
early low figures of 1 to 3 points. The principal Influence on tho constructive
eldo was an easier condition of tho money market, duo to Saturday's otrong
Clearing Itotiso exhibit and tho Impottatlon of nn additional $20,000,000 In sold
from Canada.
Tho banks also gained today heavily from tho Subtreasiiry. The result was
a decline In call money to 2 per cent', the lowest llguro tuported 111 several weeks,
compared with C per cent, on Monday of last week.
t 820,000,000 in Gold Arrives at New York
NEW YOUK. July 17. The amount of guld which nrriv nd In NVw York this
morning from Halifax for tho account of J. I. Morgan & Co. is npproxlmatrly
$20,000,000. Tho gold was shipped fiom London to Halifax, tho same as previous
Consignments havo been, and was reshlpped from that city by esprcss to Now
.York. It Is now being unloaded and deposited at tho local A&sny Olllee.
, Mass. Consolidated Mining Declares Initial Dividend
' BOSTON, July 17. The Mass Consolidated Mining Company lins declared an
initial dividend of $1 a share, pajablo August 1C to stock of record August G.
PRICE MOVEMENTS .
NARROW ON CURB
Motors Are Leaders Good In
quiry for Tobacco
Products
m
i
SttW YORK, July 17.
Trading In tho market for outsldo
eecuritles today was of a light character,
and while tho general tono was more or
Usk irregular, price changes for the most
part were insignificant After early heavi
ness In a few of the more important spe
cialties, rallies followed on a light buying
movement.
Tho motor stocks were again the lead
ers, although fluctuations continued within
narrow limits, with the exception of Chev
rolet, with moved within a range of seven
lolnts.' United Motors, on comparatively
light dealings, moved up n half, hut sub
Bcnuently reacted more than a point Klutz
Motors, after a show of firmness, eased off
on profit-taking' White Motors declined
9, and Peerless about a point.
Thsro was a good Inquiry for Tobacco
Products, which roso more than u point on
inside purchases Mldvale Steel was mod
erately active at narrow changes Aetna
Explosives Improved .
Oils shares were somewhat firmer on a
email volumo of dealings
Mining shares, while steady, were com
paratively (pilot. Bonds were dull.
IXUUSTltlALS.
Phi Anknit
Aetna KipIosUm UVi 'V4
Am Ilrlt Slfu ,, ';,,
Am Stirronl rtW l'
Cunmllin Car Co i4 i'J
On Car f Iily P.d SI Mi
Chovrolct Motors r 2t
Ourtlss At.ropl.ine .
Drlwi-Seal) UU U"
W-enlohr Tob as II
do prof II.-. , HOT
Km-rann rhoporraph UJ4 11
llnskll & lUrker Oar 3 Hi ag'4
limit? Mfe SO S-
Intfr Msr Marine ST -'
do V"t M sh
Kutliodion Urnnsj. pfd "1 S3
JLixtm Munition . r.
Jlanhatlnn Transit IH lji,
Stllilvnl Mwl 5'J'i 1'UU
Otis Klevntor A, :.'.!
l"frlr Motors 8.1 ."I
I'oolo line V" 'Pf'.,
M 8 Krcw w I in H Vi
btandinl Motors .i'l it
btuts Motors 0 Wi
Sulimarlno lloat 2V-i SI
Trlinnln Film 2fc j'S
United rrotlt Sbarlns 'A',10 ....
United Motors W'i W;'
U S I, & II torn j'S VH
do pfd , ,5 ,IJM
WhltB VIotors 52Ji 5.'4
World mm U 1
STANDAKD OIU
IH.jols ' 1 t
Ohio si; &!?
Standard Oil of Callfornli JH
btandanl oil of Nw Jcrwy M tff)
btandard Oil of New Vork -U- -J I
OTHUH Oil, STOCKS.
m.den Co 2Vi -'
Chalmrs Oil
Inter l'etrol J" ln'k
jlouston Oil II J,
Midwest lljl '"- "..
bapulpa net 1U 11U
MINING STOCKS.
Atlanta. . .. 1" 11
llutte frpwr b Inc ';
lmtte NY 1' A
orro tie l'aseo t S'J
First Nitlonal w ,
i ldneld Merger ' '',
11 tla Minim; 5 W
Ilawo bund , .- t
Jl-n Hutler ;4 JJ
JumlMi Intension J J
ICtn Hrk Zlne M '
MrKlnley Darrati J.I Ijr
SIama Copper -.. , , JJ i
Mines Co uf America U J
MpUslnir J?.
ban Toy 114 lj
bt. Joseph bead U- U3
UONUS
Cerro de Tasco Cs 113 11 J
Mldvale. 6 H,J .i?1
VrencU 3 new ., , $ 100
BIG DROP IN LOCAL SURPLUS
New York Bond Sales
Decrease of $0,867,000 in Week Loans
Expand
The Improvement In the money market
was very amuJy shown In the fctatemnt
of condition of the membarn of the I'hllu
delphla Clearing House Aasociatlon for the
last week. There was a decrease of
J8 867.000 In surplus aad an increase of
J4.301.000 In loans. Details follous:
Ttoans ....
ifepuslts (Ind.) ...
Ctrtulatten . . .
Qua from banks .
Iteposlts of bagks
J: rieaTltuc House
7leseres hed
ItesttfYea jequlrao..
burplus ...
Increase
Surpli
11 kH3 UOU
Jiii: iv.193.
Jiihr IT 18tU.
taia -i&z uuti
OWI
.4WO
iiH,asa,
T3 JH,U
17 IU.WII
ja 31$ IXKI
i.it,uu(l
22.S5l.u0u
Dlf. prev e
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Sf.l UOO
6.S07.WMI
under old form July 20
July SI 1S13. T JaFiHMi Jul:
1.000. July 10. lau. fis.mn imm!
ibu.
July li,
o5o
1 NEWYORK COFFEE MARKET
NEW YOUK. July IT Th market for
coffee fuVurea opened three to four points
lower this motniog on a little Wall tttreet
Etllfiur Trading was RMdelbtely active,
with sales on the poll J75.htga.
TwJsy's Satufday
4ptmVr
OcUtmr
Temtf r
Matcli
li ItWereii" '
I
KEW YORK BUTTER AND EGGS
SEW TOHK, July IT UWTTUR airly c.
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FOREIGN EXCHANGE
NBW VOnK. July 17 Tho feature of
the foreign exchange market this morning
was a slightly flrnler tendency to Trench
exchange, due to the consummation of the
$lOO 000,00.0 Trench loan Kuiea echaiiK
was a vnade easier. Otherwise, the market
as a vshole was unchanged and dull.
Quotations: Demand sterling; -I 75 IMC;
cables, .76 7-10 Trauo checks. 5.80!i;
cables, 5.'J0'i. Iteluhsmniku. checks, 73',. ;
cablet), 73U- I-he checks, CtOVj; cables,
C.40. Swiss checks, 6 2914; Mbles, 5 28Vi.
Vienna cheeks, 12 60, cables. ,1.' 65, Kroner
checks, 2S.38; caliles, 28 10. pesetas
chocks, 20 10; cables. -'0 25 Guilders
checks, 11 7-16, plus 1-1C; cables, 41 9-1G.
Rubles checks, 30 CO, cables, 30 65.
BANK CLEARINGS
naok eiearioss today unuuarad with cerre
spunilliitf Uy Ust iii iurs
19HT 1U13 1811
HhllaaslliliU tW 403 Xi 1SS MU..MH 3U ion Mil
Boston . SS .Viil ASJ Jo.7741 hM 17.S3K 4Sl,
New York 324 O.'H.IAS SIS U7S.13I 21S.45S.078
DIVIDENDS DECLARED
rmitlrjiv Coal Pouvpan resular iwiialaaaiul
pr isai w 4iKV.vr.vu. ymsmw r4114ju.l1 4 mi
0 fvivrd July 11
Id SWAP4DSIYI.4I LUU44S4HJT (4IHI T milir
ir vent on contmun Durable Ausust 1
fisloek el reeurd Juac VU
ptjUufelptUd, Tiut' Cvmmwr resular qtur
tvrlx i(H vr tint ainbfa Ausust 1 to stock
of record July J.
Cbicosu St Puul fl It) Mar""" sod Oauba.
resular seaiiniiiial 3's tiev evat oa roremon
and unlHRii. wlyttM Auaut. it ta .Unit of
Mad Ausust 1
RATES FOR MONEY
' ell
Tlnu
4'. ' ' .
New York Stock Sales
l.t clow
Alaki (Jotd Mire 17
AIIM hilmcr Mf . . 2)'.
AlllC-halnirr4 If If . 7 1
Am Ac thimtct OTi
Am s iVcmlcu pf ... m'i
Am Ht Sugar S'
Am tan 'Vi
Amdnpf loss
Am Car .1 I'd AT'
Am foal l'rod'lct Ml
Am folto'i Ull rf IN
Am Hid- lev h'. iif . o'l'j
Am Ic Sicnillln SI)
Am tlnwl 171J
Am iJnonl pr U'i
Am t.m- niiliw . (11
Am Milt corn i nf 3VI
Am smelt A IK 1)2 i
mSiiHt pf v .. ..... 11.1
Mil Sfvl Tounl'li 4.
Am Stiar lMnliu .. . Am't
Am sitir Heflniicrf . .llfi't
AM) Tel&Cabli 0 '
Am Tfl A,Tol Ul i
Am Tobirej 2.T1
Am Tolnero (if ncv ....l'li'i
Am Woolit H't
Am UTlliiu' 1' nf 21
Am Inc I. Am nt'
Am 7.lii." I, a bm tif..., (H'i
Ameonh fop M rv i
Atth rou& hi f'M'j
All tlilf & W I fif
Hill tx-n Wks . ns
iiiit & oiii Sir.
Il-ltilelicni Steel .... ...411
Ilollilcheni SIih-I if ll'i
HrnaUvn Itip Tr S'i
lltitto .'. hup rhir (t'Va
f.uniliin l'a-.nc 11)
tvntnl I.ouIit ."il'i
ti-nlnl or N J 211)
th-s . Olilo fll'f
lliindler Motor llff's
Chli'm K 1 ft Pac ..... 1SI
t'lilno Copper lift
CIillijCoppT 21
Ultras;) lln-at W'nt pf.. ,V)
tlllcijj MM .1 M Pall . ')V
Clilr-UM Mil &t 1' rf .U'l'i
Col IMnl S. Iron 4J'
Conllm-ntal Cn pr lfiv
f Mnllil itnl tla til
Com Pnrltirti ll'l ... . 1 'i
torn Pmtiids Ihf pr... I))
t rnclilc sipiI ,'.
I 'ilia ( am- '-iuir .".7
( ur-a t ani mi ir pf .... 1) l ,
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n-nvef .t HIj (ir pf It i
D'trolt Dlhhn 117 i
DWIIlSv torn'n -Il'i
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I'lii: tonc Mat (U'j
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Krle lt pr TiTi
i:tii2ii nr it's
(k'ncral l.looirlc IDTf
(ooilrl'li H T 71
(oolrlrti II I' pi 11 Pa
(iri'.it Northern pf 1 IS
(1 N f.i for on- prop ... JPJ
dnvni'-Caniii'i 11
(iitritatu "tnl 7S
(iiiir sntos stmt it pr . uj (
lnl AKrloiilti-tl 12' a
lnl Aerli'iiliiiral pr . ... II
Inter!) Con m 1!)
lnp Con (op 17' i
Int M M enf li'P 2 Pi
Int M M pfcnrd.1 M'l
Int Nickel v ttfj -S.Vi
Int PapT l.l'i
Int P.v.nTpf nr
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I-ic Si "1 Co lis',
he i IMIili r Tiro IP.
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Lorlllanl P to 2J."j
houli .t Nai.li l.l."i
Manti'ittan Milrt Co pf . lis
Maxvt ell Motor 71'.
Mavttell Motors' 2d if..'. fij'j
Mrvlea'i Petrol um . . . ps'i
Mevtein Petrol um pf. tll'j
Miami Co.ipT Ill
Mo Kan .".. IVxm 1'i
Mbwiti Piellie (,',
.li.)uri P.ielilc trcfi... (I'f
Montana Power pf ... .110'j
Nut Ilntni S to 2 J
Net (j.i Cup Hi's
.Sen iirk Air llr.tU'.. .l.'l
N n ork (enlril lai'i
N V (lit A st 1 17
N V O .1 et 2')j
Norfol: .'. Weitern . ...121)
Norlh.rn IMcltl' tll'
Onliirlo hlh -r Mil Ci'i
l'i'im lUilnxul .7
People's (ii (hi ltll's
PIIH C C A. M I. . ... M
Pltt Coal Co V J pf ...101
Pressed s Car Co 4'
Haj Con (upper 2 .
!t StwIS'i Co ,. IPt
Iteadlnj IT1.
Iteoillnj 1st pf I."i
Itradins 2d pf Il'i
Itepulillelrm & S Ii i
ItepuDllc Iron fi. S pf....lll7'j
Itutlaml 1! It pf 2
st Iionl ". s I' 1 17
.Mutuant Air l.lue Ill
hears Ko- . Co lUJ'i
Mut Arl2 Cop 2,V.
hlois-hlief .' & I 4i)
houlturn Paelle 07J.
Mandard Mlllm-: U,'
Kt.ii.il.tril MUtlriT 114 .... 1.
Mudi I al.cr Co 121
MuilcbjLir Co pf Ill)
Tenn Copper .'
Ilinti tm
17 1 l'
2)'s l'J'f
72 72
ns fts
I)S f US'f
!H) fSM
fi'i V)'(
l'l's'i Kit',
ol'. fil
1.1 s'i l.'H
t'S j Wi
:,vi -!)'(
2'$ 2t'n
lS'J IS'i
1.' 4 J
CI tiO'f
.'17'f :!7'f
I)J 1U I
1)1 01
IV i 4V
HT) ll)')"i
1.0'i llll'i
Ol'i hi)' j
UDf 12)
21S 2IH
UM'. WiTi
4t'i IT.
2f' 2.V.
Sl'i 31
01 0J
VVi "Vi
1() HVi
'u'( 7'
Wi CO
N)' M)
41) 41
lit lit
S
n' . ov.
17') l?i)
.ll'l ii.
2U1 2115
1.2 01'.
M5 Kli'i
2-PI 21) i
AVi -If
2V 2)
.Id's III .
rrn'i nil
Mils Ml' i
IT. 42
1 H 1 IS
lit Ml
ll IP.
IK) (I I
OV'j 01 a
(.1) dv't
II I . t) 1 i
151 151
llil i .Wi
1'17'a M7'a
ll'l Il'a
21) 2 1
U i U2
llii HVt
il. .11' 3
I J'. l."j
10l' I'll
71 7J'f
Ills UTk
lpi us',
ilt i :ii'
ir to
72 72
t)J i Kl'i
12 12
l.l 41
10 i 10'f
4". 47'f
2PJ 21'.
S7Jj 81'f
15'f 1.5
II 1.1
00' I ()'-
IV) I'.J
!17 U7
0 s OJ1.'
t'l'i 15'.
10.5 105
21 lll'i
1 i j II
(kS i OS
( Ifwe
17'.
20 i
72
OS
I)U
SO1
,Wi
V)V(
f'4
MS'.
DS'j
V)'i
2S',
is j
12
(.0 (
!7'.
I't
1)1
I.V.
UK)'.
IK.'.
(.U'j
12')'
21 S
It'll' r
4t;,
27' (
;i.i i
(VI
7s
101'.
m'f
07' i
SO'.
1.5)
127
h.5
(.- ,
170
.51
2)1
1111.
105
2)'i
47
2.) i
3T.
0)'i
W I1.
42 'i
IDS
Mi
IP.
til)
111!
.5s1,
DP.
HI
M'(
i:i7'a
41'.
20
02' j
tl'i'i
ii P j
U' I
101
7.1
113
llsa
.Il'i
m
72
112" j
12
41
H'.'i
17',
21
Wi'.
1.5' (
II
OP.
0)
07
0'P,
15'.
105
2IP.
U'i
0s
Texas Co
Texas Pacltle
Tol St I. . est .
lol hi I. ft West Pf
Under Tyiwa r
I'nlan Has & Papjr.
1'nto.i Paettle
Pnlot Ihi'lllc pf ....
L'uited Frull
U s Ind Ale-ihol ...
U b Hublier
I h ht-el Corp'tl
L' h Sfetl Ct
lb!)
, ... 12'.
.... 0
.... l.r.
...,10J
... o
....lliS','
.... fvj'j
....1.13'.
....I.U'i
.... 52
SI
urp'n Pf... .117'
L ri sni k . t mi
I tali to,)iier 75'.
.ibari IP.
Wabash pi A 5ll.
Wabash pf II 27'.
Western 1. M flt'.
Western Mir laml 2S
Westirn L'nto.i Tel lU'i
Whel . UUu 1Mb ii1.
Wlicil I. K 1st if .... l.V,
Wheel t. I. B 2d pf 7.
WI-conMn Central 4'J'
Willi Over, iivl OPj
Willys Overland pf. . ..103;.
yuoti.il ix illstilend
IP.
7s'.
22.5
l.ll'j
HP.
7.1' i
.IP j
0'J'f
112
M
1's
0',
0'.
110'.
22'.
l.V.
123
10.P.
.'I7(.
20' .
12T.
112
0.
.17',
101',
M
101'.
IP.
21',
n
OS i
u'i
ii'.
4P,
IDS
27
17
1.VS
PJ7
30 j
1)7 ',
U'J
'.
127'.
PIP J
21
I'll
U".
t
Il'i
01)
3'S
rivr
w .
1.V1
mri
Wi
M'
UN
IkS'j
73'i
IP.
SO'f
27).
.5.5
2s'i
ai
fl'.
13'
32' i
HV.i
103'i'
l."s
7.s'
225
MP.
111'.
72'.
.51'.
00' 4.
02
31'.
Pf
0'.
()'.
110'.
22 t
l.V.
122
UM
37'.
20'.
12S'j
111'.
0-a
.50',
101
SI
101'.
4P.
21'f
42' j
01
12 i
IV i
II
IUS
27
17
IV.
10) .
25'.
3J
!)7 ;
US .
'.
121'.
1IH
24 i
ls
12
1.1' 0
OJ
.1'.
n'.
hi'.
i.5i;
0!)' i
52
b-i;;
us
07 .
73' i
IP.
5'J ,
S.-'J
.5 Pi
2s'.
01
5'i
13
7
60
105).
S'7i
..'..
MP.
UP.
7.1 '.
07'.
02
3li
1'.
04.
0
110't
22' I
l.V.
122
111!
.I7's
2'.'.
12S i
111',
0).
.57
101
SI
101'i
11
2t'
II
07' i
I2's
IP,
II
i a-.
27
17
l.V.
101
25' i
oil
07 .
Us.',
i.
12.1
I U'J
21
ISS'i
12',
13' i
0J
V,
M7'i
h2 i
130
101
3.P5
M1.'
lis
US'.
7.5'.
11'.
30 ,
27).
5'!,
2S'f
01
V,
15' j
7
51
50',
10.5' i
BAIl SILVER
In ...or.doit bar tllvtr was Quoted at
J'J 15-1 (id, I'll 4(L
In Ntvv 5'ork commercial bar silver vva".
(lUtiUil teddy at CJIsc, ii Kuiii of 1c.
Protest 10311 Checks, Here
WASHINGTON. July 17 Cheeks bear
Ins IwiiUb' Indorsement., to tho numbtr of
10JC and amountine to 5101,108 i.re pro
tested in Philadelphia between Mauli 7
anil May 1. 101 G, according to the Comp
troller of- the Currency for the I'nitid
Klaltb 18.S2J clicclis to the value of
$G,G53,703 nern prutested durins tills periud
.VSH.KIt'VN 1'11'K AMI (IINMIIKTIIIN
SKCI U1T1KS (IIVII'.VNV 0 I'l.lt Cl.M.
11I-1UU ( 11-1 Ti:!t.l. OOl IJ liUMtl,
Hue AuKiist 1. IU!.
NotUe Is htr. tiy given that pursuant to terms
at artiunt lUud Ausust 1 11)1.', 1170 ihh ot
S41.1 uonils numbereil us Kluw, have lm drawn
tur rcileuiptloii by sliikliu? fuad at IiijVb.. aud
accrued iuLrrst us uf August 1, 1010', ttUn ail
lul.rest tiivrnun vsui tuaae. six.
2K 317 l'..J 1U1U 108.1
l&BO "1711 "GS2
S.ll MU 1IU 13111) lllill 017., 071 1
71-" HUH llll l'J-'H JIS, L'T.IJ
737 1001 1.1S1 1K3D 005S 778
7io luio iai) iimi o.'ei 07ui
IU3 717 lllll 140 13.' O-'TI) JJvs.l
41H 7S7 1UII 1.-.H-. 133 0071 01-31
4,1 IHJ-4 IW.,1 4U 1.4, .SJO
4IW MM HUM 1IU1 1V4U
473 SI 11 1MI 1703 11
47U S33 lUtii 17 1W 11)75
4SH 814 lOW 1731 IBM
IM hl,1 1101 1733 30OII
4K3 Hit 1133 17M0 0OU7
S4 MS 1113 17 S.I 0OU
3 IK 838 1141 IMiO 0002
577 sat nut ifcst suss
578 WM 1171 ltkSS 0O3.1
378 SOI 111 1S39 0101
3mj Mt ion lfcua 0107
SS3 IMS 1201 1S73 0130
S.SU 81 1-'IW 1ST! 0133
010 10U 1071 l9a' 0100
Afcc.e bonus wilb a 1 unmatjred coupoiAi at
i s uu.u ut pr. sent. u i r l. i. u at uxuif
U.U, uu ir iii.r .iui.1. . ,i,u.
30
4U
33
71
Ml
1H5
104
141
177
Olo
;
278
008
363
311
304
305
asu
.131
310
St
WHEAT DECLINES
ON PROFIT-TAKING
Close Is Feverish Inadequate
Shipments Help Market
at Liverpool
oimin" nr.i.T vv i:tiii it i-our.rvsr
(HKW.O. Jiilr 17. The vrenlhrr fore
rnft fnr HB linuri fnllnnsi
lltlnol llnnrrnllv fnlr nml rnnlliitifit
tMrm IoiiIbIi! nml Tiirvtnw oment)it
unrmrr rvlrrim norlticnit Xiipi1iv.
VIMruirt, Inmi. Nrbnulcn mill Kiinn
Corrrllli tnlr nml continued unrm tnnletit
nml Tiu-ili. . , ...
l.rontn rnrtn rtmith' tnntfflit nml
TiicmIiC, IIIi t'liinilrrslnriiis net tliH
nflrrnnnit nr tnnlttlit nml ntirthrmt tonight
nr ritrii'm iMirnirr norlli tonight.
Vl'nnr)! I I nfnl (humlorlnrni ltil
nflrrnoon nr tnnishtt Tnoiliij purlh rlnmli I
irmcr lonlehl rxlrrnio rnt nml nnr l.nke
"iil'rrlori Tunilis roolrr Dortlinrnt Tuc-
North llnkoin !ornt thiinitrrtiowrrs ttiU
ntlrriionii r IoiiIkIHi Tiiril u gcticrilly fnlr,
lonlrr Miull ftl. .
sml'i Ilihnln Crnpr.illt fnlr tonight nml
probnlil) liifilu txt iimi north.
CHIPAOO, .Tiilv 17.
A Rrcit deal of profit-tahltis cnuiod a
renrtloii In tho wheat market today follow
ln treln?lh In tlio Initial trading further
r'lmrts of lihttlt rust mid unfnvornlilc
vvpptlicr 111 tho N'orthucit helped hulllh
senllmetit. ltnlni nn .top of IiIrIi tdiiper.i
litrc rnuyed much uiieaslncBS nhoul the
uprlnp! crop
Tlirre vtrro fresh vmivos of hinlnR at
times, hut tlio close was feverish ami ho
low Katlirdav'H iUiit.itloiiM. The m.irltet nl
l.lvirpool wnrked upward on InadrciUrtle
pli.iiinontK to the flitted KlnRdoin. Idslicr
frrisht Kites. iilinrpttoii hy tlio Contii rnt
nml contiiiund utifiivorahlo advices cgard
Injt tlic crops rf llutope.
vVinther ponilltlons In v astern and
cctit'.il thiropc Keiipially were rainy and un-s-nsonnlily
cold nnd It was conceded Hint
vlclds would ho short There was tillt of a
demand for cipnrt at the (!ulf and clear
alicos from tlio scnho.inl vcie largo
The vlsililp supply In tlic L'nlted h'lates
ih CI eased 1 'Hl.onn fur tho ccl to 3!).
S7i two IiuhIipIo A iirlvnto c.ihle paid tint
the tlrltlsh (iovciliinetit lrid dicldcd to t
prlc-s fortnljjhllv and the ntnmiiit ipleascd
wnild depend upon the "e I. f" value on
Ihf ilu nf dellven. Thrie has hern no
wheal r.drsiM'd sn far. The pilco cstal)
Ihhrd was r.-'n '.'ii
SolllniT I'V cutnmlKs(nn houses nn leports
nf rain nnd coo'er vipnther In the .Southwest
sent t"irn off Hails continued hid. div
wc.ither over the licit In the list IR Ikuiis
wlih i.lllelal predictions for (ontluu nice ilm
liii; the ueM .1A limits stieiiRtheiipil the
mniltPt. iintliwtthstandliiR the fact th.it tlic
shorts mvercd fieety at the cloe last vveel.
The inali.et lit I.IvpiikidI wiih dim The
vlslhlc supplv in the I'liltcd States dc
iroased O.'li.OOO for tho week to D.Ol'J.OOO
husliel )
I'alily Rood lillslniT caused oits to iiiovp
upwind, hut tho maiket reacted. ("Hi the
whole upmts n to the i rop and lnrve.stluif
opei itlons wtio excellent.
Tho visible supply In the l'nlted Ktntcs
item, used ri3.l.iimi for the vvecK and ls1iow
II.18G.noo hushels.
1h'.ii11ii futurcn rnnred ns follows:
fiiurii uu
VVlli'lll Open. Hluh Low I'lni. eiime
Jul ... 1.11 1 IJ's I 11!, l.lljs 1 ll4
S itimli.'r. 1.11 I It'll 1 101. 1 I0' 1 1 ls
U."ii)lsr .. 1 Kl'i I 111. l.lPs'l l? 1 l"i
i 'urn dim di iln rl
lul .. 7li' so 7SJj tii's is',
S. ntf nils r... Tit's TOVs 7.r.'i 'T.Vi 7.Vi
i iiiitii.i.-' .. i.il'a litis HI fill's Li's
Oils
Jnh .. IJ'4 I0", 41 IP. 10
m liti mln-r. . Us IO'i Il'i til", til's
U. .-. mli. r .. l.l'i I I'd 11 "II ll
Liiril
Jlili . .13 011 It 3(1 1.107 ll'l 117 tt.1 I.
m. piomiitT . l.too i.i .in in is i.t ii i.ioo
(MnlT . ..1.1.!'. l.'l 00 1.11.113 17 1110;
. Illlis .
Jlll .. 13 .10 13 30 13 10 till 10 1.1 HI
HiMXr-mln'r . l.'l .ID 1.1 17 1.1 1.1 1.1 11 M.l IT
INirk--
.till . .0"DI 0.1 T.I OlliHiOlT.1
S, plilnbi r 01 1.3 I'l SO 01l.il 101 HI 01.10
lllil. tArl.id f.Nulllln.il.
Wheat at Liverpool
I.'Vintl'OCir,. July 17 Spot wheat was
very film today, with No. 1 Northern
Manitoba iiuoted at lis. Cd . a Rain of Oil.,
and No. 0 Northern Manitoba at lis Ed,
an up turn nf Oil Corn was firm and Id.
hlcher at 10s. 3d Klour showed an ad
vance of Gd. at lis
LOCAL MLXI.NC. STOCKS
TOXOI'AU .STOCKS.
Illd As'ie.1
Jim Iliilli r so .si
Vu. Niimnru ul .07
Mldnnv Oil .42
MIP.1I1 I.xn nulim IN .in
Mum um 0.1 .Jl
N'.irthirn Htir is 1.1
Tiinupii h 1 ti'limint IU 4n.4
Tuniipiih Ilxt.nslun Ti'v .1",
T.in.ip ih .VIInhiK .I"1., Ii
Iti -it ii. l.uLi Oil .07
West Knd 1)U .U0
(lUl.Dl'ini.U STOCKS.
vilnn: iii .11
Him' nun it .hi
Ilimth II .1.1
llull.lur ol .no
(' 1) II Ill III
I'l.mliiniiilmi Cnn tlun ml .lis
lHimiiniltleld llll 110 ul
1 1 ilny uj .in
Finn-nil. 4ii .10
llilllllli Id 'uiflliiiilltll sit .ss
Jumbo I.xli nsiun 7.1 77
Ki ianas ( ) .In
or ul .ul
ttnml Ken ul .nl
bihir I'k It lu 11
M!SC'l,M,ANKOUS.
Pii. iv Axtee (It .no
Mini). rl ul .HI
N..mi.I.i lllll II .1.1
NVvuda WiiiuKr I. Ml 0 ml
Tuiuim Jllnlns US .11
I.IVi: STOCK QUOTATIO.NS
Cllll'Vd'l Jul IT HOGS lliielpls. 3S mm
hud tniirKi-t .lf Ilk lowir Mixed nnd liutchirs,
'i uiiii in kimii luuw in :iiiilu. ruuali ii.'.i.
tit UU' Ii Id IMil I'l 0.1 tl 'J DO: plus. 13 TJW
tl ID. t.uilt t!) .l.lW.i h.l
CATTI.l, Ilnelins. OOniiO heml market lfldi
0V lowir ll.eis. Ill S.lfl U HI. iiiwh and
hi if rs JUiilOi HtukirH nml feeders 13 73$l
S In Ti vans IT OltHI, iales, tl .lofr10
hllHi:!' Ihiilpls in mill heid imrket
sniiiH Vitlie and Western, IJ iOitb 03, lambs,
J7 73J 10.70.
Proposed Changes
in-the Income Tax
P ir the Inform tt'on f lnlUldunls
Hubjt 1 1 to iln In i m Tav f huvw
pifparxl a iinihlt outliulnK lm
ftl and i im 11 1 the prupos" 1
n. r i in itiu Idt,rftl Jnconw
T.ix l-iw
Anprei I iilir? th prohablp effftt uf a
!ititr Jmum Tit urm rtrtaln
ilisse- nf LrtMnls m Inclutlp In the
lninphlH a list uf Btiuritles which
w ri uinnmn J fur lintaiment at
this Hint-
Send for pan phttt EL-23
N.W.Halsey&Co.
ll'JI (liendnit St.. riillidelphU
t hi. to
H.in Kranclsto
Frazier 6- Gx
IXVEST.MENT BANKERS
Droad and Sunsom Sts.
WANTED
Couth Bend Fuel & Gas 5
REED A. MORGAN & CO.
It t.VT KM I TltlNT HMKi., IMIIUi.
Mcmbrrs uf the i'lill.i. Mock l.xruitnge
OtSl
S1S9
0151
01S3
0I8
OlhO
0&M
0800
0633
06SI
oa$
owi
0 1 3
SST1
087.1
0MI.1
0S1UI
OlrO.l
0SO7
0UJI
040
OfcOU
IIII1KMS
I.l'lti:l. IHL AMJ GS COSIl'ANV
X'liiuat'lphU. I'u , July 13. 1010.
Tlw lluard of Plreclors havo this day dn
rUred s. rsul.r looothly dhulead of OM.
llll 1' or ONK I'FK t'lLSr. C.4) ul sn xtra
iividud ot (i.sK-nir or o.nk riat cit.
(Vift). uayablx July 03, 11110, lo,,locktoUra ut
reSrd July 00. ll.
J O. CUVUs, Trtasurer.
I11RBCT0KY or ACCOUNTANTS
drrtlQrd 1'ubllc Accuuut.uts
f K..Hit. t UHsAVN t y.O.
xci- i. a.- airAiu 'ii.i st ami.pma
44 .wi lit vtvilAOJ "
Xlu 4Juw
Sales in Philadelphia
Net
1(1 Am nn
llil Klee Stornsx
Tim r.rlo
3d tlrn Am I'M f
0 Im Co N' Am
fl l,ikf Hup Corp
fi imsn mi
on !.ehlch Vnlloj.
Ill Met Pet
Sin Penn i
1JS Pn .s.ilt Aim
10 IMIla t-n
1 1 dr. cum pre f
Oil Phlli l.lec
170(1 P It T Ir fits
IIP PhIM Irne ..
llll Hemline
Toil Ton Pel
1110 Tnn Mln
171 II (I I
2171 II S steel
.100 Crnmn A Fnn
4 Incrne I)erreipr.
Totril ite. (Ilfil ulnirn.
.11(17 shnrrs lid .Moniliij,
ItlRh I.mr Clnnc. Chije
.J 00 1011 ion
o'4 no no'i i
3iJ. av n-.S
inj, ii-ijt i.'iji
Oils oi oii . ..
p inji, int lo't
. 714 7l'i 74'4 .
sl ""S "SL
. MH RlS ii, . ..
. 17. .17. r,7 H
. ns H7H ns 1
.TI 31 m i j
in. Hi in
. 0' os!4 oi'4 ....
. 1IIJ4 IR. Ill 'i
. 77 i 77 77'1 4 "
ns4 ')7 pNi4 4.14
1 3 111 44 4 3-1(1 1-1(1
. (I ii n .....
. as rt'j m j i
4 l SI'I i
7(1 71 7(1 2
roniinreil lli
JOnil Am Om A 11 Is
.VIilll HI . Pen Tr 1l
Iniiiiil Intersi Iljs 1
Ollilll Kej Tel Mt tin
iiiiiii I, Ni ns I'i
inim I.c!i V'nl rren Is
Ollilll ill ('nil As
iiiiiii Not Prop I (l
4HIIII IVnnn Ren l'4
7IHIII do enni l'4
I llllil 1'hll-l flee .Is
lllllll Spin Vlll I ll
lliiiiiii t'n IHs I r Is ,
i "uu in iij in .is
inim VV N V P i: H
4 lncreise. Ppirrn'
HONbS,
llleh
HP,
sn
r.T
IIS
HUN
.no),
l'l4
1ill'4
tup.
mi
in'
71'.
liS'4
IV k
l.nw.
tnv,
sn
r,7
iii.
till '4
lll)d
llll'i
(174
mi'
iiii'i
1014
1110
71
S3'4
Net
Clo rhi-.
!'lv.
WI . . .
87 1
IIS. '4
11114
Dili, Ik
HI I J .. ,
i.a 14
mijs ..
miS .'
mi i
mo
71'. 4
I si, .
K3',a V4
, Tiilil sites, S5 1,800. rniiiinrcil nllli 501,50(1
list Mon. In).
Local Bid and Asked
Huff t. .Sinn t r. , ,
iln pref
flrlll I u
liildnln
lllii MlnrnKe . . , , ,
(I. in rm Avplinlt ....
du pret
Kimne Tel
di I c
.1) Ifd
t.ilie Hup Coni ....
LehlBh Nov
N Iiiiiii Vnl
IrHilBh Vul Tr
In I'M
P. una
I'lillu lllii.
Phil i Cn
dn .1 iter lent jir .
do II per nht pr.
Phils It T tr
Hemline .. . ,.
Tnnnpili Pflmnnt..,.
rnniipili Mln ......
I ulon Trnc
r o I
I' H Miel
lurk II'VJ
dn lifil
Win I'm mp t c ...
To.ln v
lilt As!., it
4S Ml .111
.11 .17 .11
.'I I .'11
07 IIS 117
"0 IIO'j IIO'n
.10 .11 ' 30
l.'l's 711 l.'l
I3.s II tlji
t IS 14 1.14
IIS l,'l l,s
Ill's lllV, Ill's
71 71 71
7S I 7s'l 774
01 '4 00 Ol'i
ii lib li
ii .u'i ii
Os', '."I ' 2' .
.is'. ,m'4 .isij
IS Il'i lis
:i'iS in .i'i'i
is, in, is.
lU'i liTVf H7U
P., I's IN
n'4 it S'4
n. tv-, ir,
N7. S'l M
Nl, S SIS
11 l.-.l, 11
.IT'S 3s'4 IIT'i
"I 711 7T4
Sotnriliv
Hid Ark'd
.11
111
US
31
l.'l.
ia4
114
Ml
lll'l
I','
js'i
l'o',
.17',
'.')
.I'l',
.I'l
411
111
"l'
11',
I l4
ST',
si,
1.14
3S
71'4
Financial Briefs
Tlic C'.ilniiiPt lleda Jiino output was
7,217 SIT pounds of copper, compiled ulth
fi sill 1107 pmiiulH In JIuv. Totnl for slc
inutitlis to June 30 vos 38,157,382 pounds.
Tlioro has liocn plncpil on tlic roRiilnr ll"t
of the riiiliil-lphln Stmk TXrIiniiito Jl.'l,.
"(in nililltlnnal Aincrk.in Telephonp ind
Tile m.ipli I'nmp.iny Htoclt .mil join 000 ml
ilitloiiiil rtillpilelplila Company 0 per cent
ciiiuulntlvc Ktock.
The London htnek IXeh.inKe Conitnittep
ptirpnves to runio iloulile iiiotntions of
hovers nnrt sellers in the ilnllv ntllci.il list
alinut inld-Aumist Insteail nf ulnKle iiuola
tlons of last olllcial ti.msactloiis.
Sl iimre iiniimeniher liinklntr institutions
In the Keilei.il ISpsitvo district of I'lill.ulol
phl.i h.ivu been milled to tlio loll ot banks
.ind trust Lompinlcs villlch will co-opcrite
tth ineniber h.uiks in cienrlnR checks at
par tlirotiKh tho Keder.il llcservo hanks
'I ho number Is now 13.". which with the
l"i2K ineniber linnl.H in iko n total of 703
linnl.liiR iiiHtitutions vvltliln tlio boundaries,
of illHtrict So .'! to nliroRnte tlic old c
ch.uiRe ch.irRes and reciprocate In the clear
ing of ihecks at p.u.
The IiORan Trust Company opened for
business in Its temporary ipiarters nt the
Houtlic.irt coiner nf lSth and Chestnut
utreets. hero buslnesH will lm transacted
until the company's new liulldlns nt 1131-33
Chestnut itrcct Is completed
1'cnn.i. Ii. Ii. Moves More Loaded Cars
Loaded freight car movement over the
lines of the Pennsylvania Itallroad east of
Pittsburgh and Krle continues to show- c
panMon ns compared with last jear. For
the llrst two wceka of July there was n
gain of 10 2 per cent, ns contrasted with
the same period of 1915. This was about
the same ratio as In June.
Dctaiim figures for movement of loaded
freight cars by the ten junction points
follow :
Julv l lu l.l iimi
Innlstoun Junction ... . 47.7.111
I 'lllll nit I: .11.1111
Vli.nmnuth Junction 4U.K17
CiiiemniiBli Il.illii
IDupliln in li, il
Kileeinnnr n 117-,
Plitslniruh. lnterchnnso. . so oil
liilllMIn ... '. . . .IO.nti
Iiuituio du Interrhnnee 11 .11,7
' Inc.
jnrrense
.1 410
I I7S
0.I1S
1 701
.1 171
1 l.lt
11.110
0.1 IN
11171)11
.1.0S7
' S
IIH
'i i
111 1
s 7
11 .1
1 0
4111
17 0
Alleaheny Dli. lntcrchanee 0.1 17.1
Tolnl . 101370 311,01(1
Dallj nxeniBM 3111ms 0 70 10 0
A lirifo tnnirice of rolte wns shipped east anil
Hie mlfcrellunvnuM tonnage muvemenl west con
tlnuid hear), Increnslns 12 5 per cent.
RAPID TRANSIT ANNUAL REPORT
EXPECTED TO BEAT ALL RECORDS,
Gross for Year Will Be Nearly .$30,000,000 Company's
Trust Certificates Most Active in
Local Stock Trading
Tho annual report of tho Philadelphia
n.ipld Trnnslt Company tor the list lineal
jcar will be the most favorable the com
pany bis ever Issued, It wns lentned to
daj. "The report laeady, nnd will bo sub
mitted to the directors nt their next regu
lar meeting. This should have occurred
today, but owing to the nb"ence of so
many of the directors from tho city on
vacations, making It Impossible to secure
a niioium, the meeting wns postponed until
later In the week or the llrstjiart of next
vv eek
Tho compinv'n grosi receipts for the
ear. It wns said, should ho nbove $25,
ioo.iiOO, nnd the surplus oer llted chargiV
for the 12 months nround ,0,700 000, based
on the results for the 11 months nnd tho
known favorable business In June This
Would mean nbout Bf pel cent earned tin
the $30,000,000 of stock. The largest gross
business ilonp liv tho company In any pre
vious ear wns $21,255,812, In 191.1-11, nnd
In tlio year end June 30, 1315, thete wns
a small ilecrpase. Hip gross for that period
being $23,St3,fi05. The trntllc of the com
pany throughout the car made substantial
gains over the ptevlmis jear, theio being
only two months .July nnd August show
ing nny decreased as compared with the
previous j ear. 1 'a sponger receipts were
about 7'fc per cent.
On the Philadelphia Stock llichango to
diy ltnpld Tianslt trust ccitlllcatrs were
lhc most nctlvc. l.'arly In the fltst hour tlic
COTTON t'HK'ES (JO VV
EAKIiY. HUT FALL LATER
Numerous Crop Damnfjc Repot ts Fail
to Help Market
N'PAV YOUK", July 17 Corslderable nr
tlvltv was ilKplaitd cn the C tton l!x
diaiige llilfc .i.ornlug tin the Mil price
weic 5 to in points higher, being Inllucmed
by rood rubles and unfavorable crop
v.c.ither. The tone wns linn
After tho tnll a Hidden demand OpvpI
oped, which furred prices lip 1 In 5 points
but the top levels brought In re.tllrlrg unit
lei'ej-sions followed Scvcnl of tin lead
ing piofcsslonals ngaln worl.ed ngalust
values.
Widely fcnltered lnlns nere reported
fmm the belt, but with tlio exception ot
lliriniiighnni nnd A'ltksliurg the pn'rlplta
tlnu thi i morning was light. Kiiiid.i's
mil) liovvcfiT, rlinweil lu.tvy laliw In Noith
Cirollin aril Alabama. Temperatures con
tinued nbout iiorm.il.
The cotton maiket filnl to hold 11k enilv
nilv.ince and was no mole lit in idendv, with
prlies nbout 5 to S points rift fiom the top
f the morning Its failure to show grtatel
strength on the active rnln news was duo
to a belief In manj tpiniters that the crop
Ji.ul not been damaged ns niuili ns ex
pected nnd that the showers would ttiin out
to bo moie boneticlal than otlierwlse, and
nnl in the lowlands would It be found that
the ciop was lunch dnmnged.
The receipt t numerous crop damage
reports failed to stimulate , fresh buying,
and In the afternoon prices should little
change Aulvals of colon ut N'tvv York
today were IGG3 bates. Including 10!)!) li.iloi
Ilutcrs.
1 1 (1(1 o on
Sit close Op. n A.M. 10 M. I'M
luly 10 HI 10 I'D
(let 1.1(10 1 I US Mil 1,1111 I'l US
l)..p 13 0H 1 I Oil 1 I OS 1 I L'7 1101
lllll 1301 llll 1131 llll l.l .III
vinrih 1341 Mil ... n lo ....
liny 11 .HI l.l ii . I
bput 10 'l.l
price advanced ', ns cnmpird with tee
closln., price on Saturday TWs wits fol
lowed by n reartlon to below tlic final of
Katurd ly, nnd In tins nfternoon the prlca
was carried back to la, that llguro showing
n Kimll fractional gain
Geneinl Anphalt I'siics made nn response
to tho news that tho cominny'ii nsphatt
pales h.tvo Increased verv Bublantially thus
fnr In 1!HG, and that tho outlook for the
business Is promising It was denied that
the company had annnged to tnl'o ovef
options from KnglMi lnterpls ltepolts
tliat tho compmy bid dnne so weie thought
to tefcr to oil Interests Tho preferred
stock was unchanged.
A snntl fractional g-iln was made by
T'lectrlc Storage Ilnttcry nnd 1 nlted Oas
Improvement Tonnpaii Itrlmont was un
rliangcd There was a renioinn nf 2 'A In
National Properties t-ils in the bond divi
sion, sales being made at 07 "
BlilllllllH!lll!lllllllll!l!!llll!lll
j $300, 000, 000 1
ra In Dividends and Interest Si
-, IJ Thl Is tlie hues turn lUtiitlcUns !
Kr; tlgute will t (Iliburiccl In July, 'i
j; liy rallroiit ami Industrial corpora. SS
ej tlons, to security holilcrs st their -
35 hra of tf o half-yearly catnlngt. 2
p-; tj Tho prosperity of the. country
S coul. 1 not be better or more con- A
tJ cretely Indicated i nor could a t-Z-J
; greater tnccntlvo to produced for r
S the Investment of surplus funds ;
- In tho securities of America's g
5 cardinal
r5 Railroads and Industrials Fi
J Our frrr Investor's rocket Man.
ual, giving Important corporation
statistics will io rent upon ro
qllf.t. Ask for S2-FL, Including
oooKioc explaining
"The Twcnly Payment Plan"
Q M
iRvytinpivt Pdipltlc
(nslnlillslicil 1003)
ss: 40 Exchange Place New York -
llllilllllllKDIIIIIIIIIIIitDHIIIIIIIIill
Carefully selected bccutities, of
proved mcriC
bend for ClrcuHr.
MELLON & PETRY
33G COMMERCIAL TRUST DLDG.
16 SOUTH DROAD STREET
INVEST III MORTGAGES
AT 5,4
Recommended by
BEN T. WELCH
1328 Chestnut St.
Incorporated Motor Car Company
7 Cumulative Preferred Slock. $10.00 per share.
First lien on all assets.
Highly successful business. Handling pleasure
cars of national reputation. Contemplating adding
lo establishment one ton Ford convertible truck.
Officers and directors men of experience and
standing.
Small and large investors.
An executive position still open to man of stand
ing and integrity.
For further information, call, phone or write.
Hawley Motor Car Company, Inc.
632 North Broad St., Philadelphia
ODAY, JULY 17,
Logan Trust Com
pany of Philadelphia
occupies its temporary
quarters at the south
west corner .of 15 th
and Chestnut Streets,
to remain during the
erection of its new
building, 1431'- 1433
Chestnut Street.
-mm"- tk Sa IS.' ifefri'
Logan Trutt Company of Philadelphia Building
About to Be Erected
P)ATRONS will find all departments ready to co-operate
a with promptness and courtesy. Every convenience
will be afforded for the proper transaction of business.
Logan Trust Company
of Philadelphia
Rowland Comly, Pres,
William Bradway, Treas,
J
fe y
8ifi"J
iTWjii'.j.u
u BtwJgMMf K- i- in mqiSL
uikvkp ra .r nn. s' rr
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I
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i Ub"HUZ h si. u. i U) Tn
rtUasUU. i'l- u '. l
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