'.. &&. r-T vj ci' , r: v -1) I g- J !-. 4f . 4 - t -at JUMP1 - .-. .-,...- 1 : v. Ipmttnii ir ..f.ii.i u ill, i i,i,irl i ,n' ,ii i i ,,..,... i i I:, FINANCIAL NEWS EVEKIKG MDGBKffilDBLPHIA, TOTtiSftAT, JULY 20, IMG. rBREAK IK MARINE SHARES HANDICAP TO AN UPWARD MOVEMENT IN PRICES u .foil in Ship Company Issues Is Result of Unlooked-for ' Large Tax Proposed by British Government Buy ?' . " ing Resumed in Afternoon ft i' iffft Points in Today's Financial News Frank A, Vanderlip, president of the National City Hank, prophesied that Europe wili attack the gold reserve now being built up by the United States as soon as the ivar is over. Deposits of banks cinti trust companies in Philadelphia increased $H5,S12,771 in year. Gold amounting to more than $i,000,000 was deposited at Philadelphia Mint. Orders for shells amounting to between $60,000,000 and $80,000,000 understood to have been placed in United States. Price of bar silver slightly higher in Netu York and London. Bank of England's rate of discount unchanged at 6 per cent,; institution lost goldin week, while Bank of France gained. NUW YOIIK. July 20. Expectation previous to tho opening of bunincsi on the Stock ExcIiiuiro today v was ttiat tho upward movement In price would mnlo further progioss. Tho course of the market appeared to lmllcuto that there would have been a sharp general advance but for tho handicap of a break of about 7 in the prefctrcd and 3 In the common in the Marino shares on the unlooked for large tax proposed by the British Government. As it was, tho market showed irregular strength In moit Issues, although Ifialns of 1 to 2 points and stilt larger onoi In special stocks were not fully retained. Tho Marino episode encouraged the bears to dela covering purchases and test tho market. Industrial Alcohol furnished a countermovoment in the shape of an ndvanco of -4 J points, bringing tho stoclc 16?i points from the low figure of tho week. Part of this improvement was loit afterward The affairs of the Tennessee Copper Company came In for renewed discussion, but no announcement was made at tho conclusion of tho mcctlrtK of tho directors this afternoon. Tho stock recovered most of an e.nly decline In midaftotmmn there was a resumption of buying and some stocks rose to new high figures for the week, including: Mexican Petroleum. On this Use the mnrket showed increased activity And a good part of the early losses on the weak spots were recovered. Look for Closing- of French Loan Hooks Tomorrow NEW YORK, July 20 Indications aiu that the subscription books for tho (94,600,000 American Foreign Securities Company 3-jear 5 per cent, notes will be closed earlier than tho dato mentioned In tho published advertisement, which is Monday next. It was learned this morning that subscriptions lmvo poured in from all parts of the country In a volume far greater than even the most sanguine had expected, and the chances are that when banks and bankers In tho far sections of the United States have been heard from either by telegraph or in tomorrow morning's mall the subscription books will be closed. Theio Is HUclj to bo a heavy oversubscription of the Issue. .WHEAT ADVANCES; MORE RUST REPORTS Prices Touch New High Marks for This Movement Com ' mission Houses Buyers s OIUIN IlEtvr--AVKATIir.lt FIIKKCAST ClllCAflO, Julr 24 The writhrr fnrrrat for 36 hour follows! Illinois uml Wisconsin Voir tonight ami tomorrow cooler. iMlMourl 1'nlr tonlsht nml tomorrow. .MInnrotn lalr tonight uml tomurro. trnrmer Mouth. lown tulr tonight nml tomorrow, w.irmrr tomorrow. or th Dakotu T'nlr tonight una toomnr ror, warmer tonight northnest. South' Dakota Knlr tonltht ami tomorrow ml probublr Wnturtlaji not murh rtiitiRo In temprratureN. Nebraska Fair tonlcht and tomorrow anil probablr baturduy, somen lint warmer lo nlrht. Knnsas Fair tonlzht and tomorrow, and probablr Saturday warmer. CHICAdO, July 20 An alarming In crease In reports of rust from tho North west caused pronounced strength tu the wheat market today, prices touching now hlghj records for tho present movement, Today's" advices had moro support than tliosa of yesterday. Some conservative authorities appeared to bo more willing to admit damago to tho spring plant, and It was cUdent thut tin trade at large was nervous At times tho market was virtually baro of offerings. Leading comm-bslon houses weio uuo buyers and shorts covered on an extensive scale. -Tliero was heavy prollt-taklng. but vigorous now buying was In evidence throughout the session John Inglis sent a dispatch from F.irgo. N, D that deterioration In the crop was becoming moro apparent there. a3 the result of rust, blight and drowning, the latter being the principal factor. The milling Inquiry for new winter con tinued good, but farmers were not inclined to sell. Receipts at interior points were liberal. After hesitating at the outset. London buying strengthened tho market at Liver pool. A feeling of confidence was noted broad In present prices, with trade Increasing- Freight rntes remained firm Unfavorable weather .conditions In Lu ropo stimulated the demand from the Con tinent. Reports as to the French harvest Were not favorable. Good local buying rallied corn after an easier start on moisture In the belt. Offer ings were scattered. The market was In fluenced by talk of big foreign contracts for alcohol and small stocKs. The market at Liverpool was dull but steady. The opinion prevailed abroad that American mixed would ultimately recelvo attention from Importers, as the olllclnl restriction as to shipping lias been virtu ally withdrawn . I.e&4ipj future! ranged as follows- Y.st'y's New Yoi'k Bond Sales lllsh Low lUJ'i Ul2'i ii ? ur- 107 Xii, .. HIS IM'a . liiiiK lim'5 . . Ill IIUJk . . IU'4 Hl'i llio'i Hill's J2non Amor Apr cv lis minion Amrlo-hrench "is Mlilii Amer Smolt Sc- lis niion Amer Tol elt 4. . won Armour i'o IHs Hindu Atchison p.ti Ih Minn Hilt 3l Ohio .",m BIMHl do 4s . 1 .Hum io cv 4'4 linoo Halt O Hn .Tin innil llnth Ht,pl rfil fin mini iirooK imp rr is mm inn inn I'jniHi Can Oovt Is llUl !,,,,w. I'I'I liiiMin do 4s HJ(I !HiV' im' Minn do li lull 4niin r.ni Leather 1st .".3 "iiio Cent 11 It N J rr.s fis Siliiuu Ches & Ohio c I'.i" lniin do I4n l.lllllll do ennv Tim mini Chi S. Hist III Is ajijimn C II S (J Joint 4s 4imi no Ren is i.l,-4 I',-- , lllll4 1IIIIV4 tlll'5 HUH in 11.- hY-, H'lU l)4'i 111 7 li'J'4 sol, III' II4V H7"t li, 2IHIII C .M & bt ! conv fis 1117'i 1II7 imnii do cv 4ujS nsiini) do rfd 4s . . innil do Tin .... 20011 Con Gas conv Hi . I'llllll Cumberland Tel Tis noon Del . Hud conv 4s r.lilKI Den A Itlo Or Is . 7000 do rfd .Is 4001) Ills Secur Corn fis llli)I ItHlC, lot'? HII'j r,m . 112'i UtVi Kill's HI-., 7S 7ll'a i I" "I'j (IJ's l.'l'j Hill, 10-, 7S. 71)'? I Closn 10JW ILiSj l"l' li'.'Js toiitk HI llli Ml1. HKl'i till) llli 100'4 lllli 11 . 81 Ul" III". U74 tU'l 1 117 ' J" i ": 7.1 ft h'l". MI'I l.-,'J 'IT, liini uiii, iss'a unv, luii'-i Kill', What Open lllsh Tw. Closo lIos- July ..... l.llji 1.14" Hl'i lll't'linn September., l.l-'f. 1 IftU 1 1J,1 15vl l.'S Dwtraber .. 1.15'i 1.18H 1 1& 1 17H 1 15'. July 7Vt O TUH SO IDS September... 75 73 74JS pW, 74 December ,. 61 ulS ujfi itll IHIH July 7T. ... 40 40T, 40 lOfl I0V gpUmbr.,. 40. 40; 33', hft uu Eecmtr ,. 4l' 42H 41. 4JV, t4Ji Lrd July tS.70 12.70 J2 67tl2 7(l 12 8S Bestrabr,..l.'.8T ii 87 12 72 12 7V !.' on October ., '12.05 12.117 12.77 12.71 1J UJ Ribs July . .. '13.42 13 42 13 32 113 32 13 33 September. 13.4a 13.47 13.3S M3 37 I3 37 I'orlt- July , is on :a OS 2a on 2U nr, tia no jptembr., -4-70 Sl-aS 24 03 2M0 t2 U5 Bid tAsktd tNominal, ' rOREIGN EXCHANGE N'nV VOUIC, July 20 At tho opening today quotations for sterling exchange wore firm, although there was but llttlo change as compared with jesterdny's closing level. Unelchsmarks were steady Otherwise thero was no change Quotations. Demand sterling. 4 75 13-16; c-iblei, 4 7fiHsS francs checks, 5 91; cables, 5 OO-; ; marks checlcs. 73 1-10 , catties, 73 H : lire checks, 6 41; cables, 0 10'i; -.Swiss checks, 5 30; cables, 5 29V-i : kroner checks, 12 55 ; cableB. 12 60 ; kroner checks, 28.35 ; cables, 23 45; pesetas checks. 20 15; cables, 20 25; guilders checks, 41 7-16 ; cables, 41 t , rubles, checks. 30 55 . cables, 30.60. There was no change In the market up to mldaftornoon. demand sterling being quoted at 4 "B?i W4 7B 13.16, and cables, 4 76Tfl 1 16i Thero was no feature to the trading throughout the besslon $100 BONDS Alberta. Frovlnc of Anlo-French , . . , . . . Ariicuuov w OX jsailii rMtv of flalttmor Ctv nr Phi Htr Can. City of Hew Orl Imp.,, fi City or Vancouver , . .. 4; :t 6 4 4 Jvr York City re, Kew item vity re .... Ala A Vlclis 1st con ... S A O O 41 L Kan 1st . -Co Vt Hy 1st rex . ... COa 4 lionver t-il . . HM b St P con rfd con, H 4 St P con . CaV.lt Ko ret ft eat . . . Krie sea con. aeries u. . . W T i,n mn rth K V i (1 Ijika (F.rl.) 1st B NT NIUH coa deb ctf. 3H se pitiecn coa aes res Nor Wert 1st con . Sea Air Line tat A con ia )?a.3 Ban Fr Term 1st yLrjiiua lit Am, Aa-rt Secur coa deb Aia Is Beeur deb Ain iT. T eel tr ctfs Am. T 4 T con . . Ttb Steel let A rfd C8 I.eth 1st nt tbm A Pot Tel Co 1st cam. P Ry L oca l ItSfiCtrif dab . . . West P coo tteb . . t steel ut con ii OU lit A Urers deb rc . . Mrera ana ro i ruiara aso tec , niard dah rff erca Oil toil ilati . ... I'SiW s ra . e 4 a 4 B 6 a ! 5 B a s i 5 S 1 a t B 8 0 Due. 1024 11120 1843 1802 1017 i:a 1U23 1963 WHO 1021 11)50 1B20 102 2 2014 1032 1831 1033 1833 1940 1836 1048 1930 1043 1030 10U2 1921 1023 182Q 1033 1842 1013 1843 1818 nts n?o 1910 1914 1831 1844 ion 1024 Bid Asked 84 U5S 88 83 ST OsVi .. 00 100 101 03 84 H 107 10SC, 102, , 103U 084 .. en . . Bl lB4 107 101 10A S3 Si'' S3 M 112 I13H 09 100 70 111 112 93K OPi S3H 84 'i OS ' 80 97U sa bO SIM SIM l5u loici 100 102 10041 1S8 127 hi wt 0741 83 GOVERNMENT BONDS wUuJIj 3fl gfeijm i-ewi , i ma Asked. 8SW, UUVi 1M 110 us A 101 ir.llllll Kist T V A U ion r.s in-,", in-.i, inn r.rlB ronv 4i H-r II . 72 72 Minn Kriu iirlor 4s . hi HI 4'iiiini r.rn i:ira iitb rs tm miv, muni lluil & Man rM .'is.. 7t 71 7110(1 III Ktrcl 'lob Ilia... Ill , HI 2IHMI III Control rM Is S'i 'i llimi Intcrh M-t 4ib 74'k 74' miiiii Inti-rli It T nf it liss li"-1 I2IMIIHIO Inter M Mar it I'jb llll'i UHV. liiniii jspnnesi- now i-as nw, r-ir. nuiHi Kun ciij so ,,i r.iiiiii Ivan i-'lu 1 r 1st Is .11(111 1,1; Sh (I'll 4h ItlUS .'llllll 1.1b A M T .'is 1(1110 .in 7s Innil .nrltlaril pt-4 Innil MY lnl li, II Sir I, till 1HI .'flllil Mont I'nrr Tis . . l'7Va 117 ' .-.0(111 Y C I. H 34 a 7.', 7" 1 IIMHI N Y l' A lluil lis . 11SS 1I2'4 2211011 N Y ' A lluil Is llllV, IHI'j linilll N Y C 3Vi NOV 1U1I IM IH innil iio a,B run . lus liii 10(111 iln 14 s ltlll'i . 1"nV lORis -Mm V V V II It nv nUs 711 711 1(1000 N Y llwy Bill r,s . r.sj ."nuii N y Ttl cen I'is . 117'. iinoii dr. A C'al 3s . 1111 lllllll r.i Is liii . Ii'l't llinnii Ml.&r rfd rt sta 4 72W l(K)llii do In w I .. -'il .'.nun do hfr Awl . H'l'i 1 (Kill Stnntl das Ss . . 0'1's 7non heaboard A I. ndj fis HT'-j 1II3IHI Muutn noli ns r,ililt)n South I'ac cv 4a . iniinii do cv ret f t) 3i 100(1 South I'ac rfd la . . 2ii)(in Houth IHvy con Is .moil South Itwy con 3s . llinnii Tenn C ret f p . . hfldll Texas f'o cv Hs 21)0(1 'I hlrd Ave ndj .".i JOIllI II 8 Rublier 2!l0liO I' S Meal 8 K 3a linn I 8 bleel 8 I rec 5s 2(1110 IT 8 8 & It Us. . lumiii I'n Pac 1st Is fliinii do i v 4s Hllllll lTn riwjs 8 V Is 410011 Vt Car Chm 1st .1: illlllll Wiihish '.VI 3s .. laouil West Klec 3s lull . t4 10.1 . h'I's 71 III' .. in! n1, II7 101 ii'l'i ".'a .',1 ! H'I's 117 lnilij Mi's mi H'I's 7il mi's ii is mi ii' Hi !" Ull lir 7H'J 711". 7' iiu'i hum 10 1114 s. II liPj ti73. II 1112 1 1I 1 T- in i'n 11 J II l H7. Idiiiiti cMi r,it-c ., . !"- I"4J. IIOOH V K A M cv Ss notes KinVj lOoc, 12P-I lllll'l lll. TO"? 74 I"-.'. 72 S1. Kil'i 7t 111 Ml 7l's lisS 101 mm Vl n-.'5 inois ij-,1, loi)'4 mi IJ7V-J liiii, HIIMl 112 ins 10SU 70 .is;4 Ii7' mi ll'Hi mi,. Dili. H7'i 111(1'-. MHj 10.1 h'l7s 71 nut. Illl'k linji 7'i'i liuU lir, 101's li 0l. HI 32Vi II7-. nit lod'4 BANK CLEARINGS Bank clearings today compared with corre. spondlns day laet two jears lUltl. 1015 1014 PhlUda . 137,604 407 .'.3U4.S02 J22,7S,100 New York 3U0 117 180 2o3 101 70(1 SSO.KOO.BSH Uoston 29,361,033 22,300 430 3l,d9J,aj2 RATES FOR MONEY Call Tlnar New York 2 3H 4 f 4 PblladelpbU 4 4U$S lloston .... S 4 4VJ Cblcaso 3H4 4 IV, Reserve Ranks' Discount Rates 10 or Over 10 0er 3D Over 60 less, up to 30 up to 60. up to 80, lloston 3 3jj 4 4 New York ..3 3 4 4 Philadelphia . . 'I, 4 4 4 Cleveland . . . 3H 4 4 4 RU;bnjwd . . 4 4 4' 4 Atlanta 3M 4 4 44 Dallas . , . m 1 , 4 4 San Franslawi. S SJ4 4 4 AtrUuil. .Trade ascepUneea Com- no.to S8U V'WW" kUSSiu::H ii SS Cleveeaad J ?H llkhmond . .. 3 SH 4 S Atlanta & oni 4 3 Cblcaiio .... 5 i i. 81 Louie 5 3 V 3 fiSSSlfe-.: h U i Delias 3 Sis 4 a San Jranelaoo BJ4 an 3H 34i Up to 30 daya; over 30 to 80, i per cent., over Wl to 80. tit per cent., and over M0. 3 pee Mnt. Buy Media Borough Bonds JIKDIA. July so Media Borough Coun cil last night sold its bond issue of I7O.S0O to Harris Forbes & Co at their bid of J tOG lSJ, giving the borough a premium of tilt? i There were li bidders for tha which are tor linprovemcnts to fas WW lUSBt, I - New York Stock Sates ii 8 20' 73 6Mi t8't am 17!. 8 72 r,oi 83H 65H 63W tt close. !!lh. liw. Close. Acme Tci 1st pf.. . 90 08U 00' 90U AiasKa uoni aimes 18 Alaska J Gold M.,.., ., 8 Allls-Clnlmerj Mf 20 AUls-Chalmerj Mf. pi. . . 72't" Am Ae Chemical , on Am Hoot Suear. .,,,.,.,, gi Am Can. t , 5,-,t( Am uat A I'dv 68i Am Coal Products 139 Am Cotton Oil 53J Am KipreM 128 Am HM A t,eathr pt., 50'S Am l.lnteral lsW Am Mtuwl pf 12)5 Am LocomotlTi.' 0-1 Am Locomotive pf .... .101 Am Malt Corp'n pf . ... 37' Am Smelt A Iter ov,i Am Smelt pf A qj m Steel FoimdilM 4fl Am Riiprir Itrflnlnj: . .109f imj lOOtf 109U Am Sugar Itcflnlnapf 110J4 110'i 110' 110U Am Tel & IV" I2'.l)4 U'W 129M 12H AmTolncco 217 ail) 21SH 210 Am Woolen 4V( iVi 41 41H Am Woolen pf Oils Oi 0 95 Am riling V pf ., 27Ja WH '27H 8' AmlncLASm .U'j 3iu 31li 3.Jf Am 71nc t, & Sm pf . . ,0 01 j 0-1 04' Antcomla Cop M SI 81 SC 80'S 17" 8 20Jf 72 C9tf 7H SIX 551 139),' 139 12S'f 123H 128U 31 f .rl oIK 1S' 42U 01H 101 3-t 0114 9214 47 19'i 41 om 101 3S 9PI 91 4 H 18'f 41 j4 101 33 0P 93 4iH .101', lUl'i lOPi 101J4 A ten Ton A S K Atch Top ft H P nf lill no 99 99 All Gulf S. W I pf ft CO 01 04U AtUlnlf&WI 04 C-,H d.)Ji 05 Oald Loco ks 70(4 72 701 71U init.tOhlo sm, f,jl, 89)S SOU Halts. Ohio pf 704 7Ci 705t 70JI nriwklrn Itip Tr 8t'i Hl'i 8l't R-t'i Ilntte tt Superior 03' 07 00 00'i Oal retroleum 1SU 20 19' 20 Cal Potrnluni pf 4i 47 4IW4 47 Canadian Pacine 1M) 170 177 1"8' Central Leather ,m r,Vi 54 54 Chandln Motor lOOH KM'i 100', 10 ( (hi A. Ohio 02 (Idle Topper 20 Chlno CupDiir 4S Chlcico droit West . 12' ( hlciRO Oreal Wed pf . 30'i Chlcigo Mil A M 1'anl . 9 rhlfu-o Itlf. I'ac ... 20 i Col Fuel t. Iron n i Contlnentil Can 014 Corn PrsJuets Hef im Cnidhln.Stvl OS CruclWo Sleel pr njif Cuba Cano Hugar as Cuba Cano Hnjar pf. .. 01 DcnTor ft Itlo Or 15I( Denver A Itlo Or pf .... 37 Distill See Corp'n 41'i Dome Mines 20 Krh 3",Jf i:no 1st pf r'i Clcneral Ulcctrle ?10." tioodrlch II K 7.1'i Clranlij- Conol S3 tlrecno-Camnca Ifltj (Ireat Northern pf. .. US', O N cf for ore prop ... 3r Illlnol Cent 101 Int ABrlciillur.il 12 lot Agricultural pi 41 Int U.m N J 117 10' . 00H , IS'i 2Vi . mn . 431, 2. I ((I . 09 4.'iU II (9'5 7S 37 01 20 17', l"l! .10 90' ( 20', 41', 05'1 11 TO 01 H 20' 1 47'i 12'i 31 90' ( 20 ' 43U 9'a II 03 out 201 47 12!, 30 )0i 211 J, 4314 ll.Vi 14 r,su Ui'i Ill 11 IK on i'1'i IS'i .IIJ'J I0 20 .ViH 5V 01'i lo)i 3 14 UH 20 154 534 1004 1054 100-5 Ki 73 73 81 82 824 l.Vj 454 15'. US' US' 114 l.- I H Wi'i 103'1 00 15H -i04 10 20 .(55$ 53 54 101 11 114 14 41 11 11 Inlnrb Con new. . Int Paper pf Imp Con Cop Int M M c of itep . . Int M M pf c of dp... Int Nickel v t rr Kan City Southern.... Kan City Southern pf. Kelly Sapling Tire Kennocott Copper.. . Like. KrloA West Lake- r.rlo A West pf . . t.aek Steel Co Lehigh Valley Long I si mil I.orllhnl P Co 2.10 1174 117' U7ii 9. 14 14 1204' . 74 , 04 914, 121 214 HI Mat i II MotoM. Macll Motors 2d pf. Mexican Petroleum Meilon Petroleum pf. Mo Ivan A Texas Miami Copper Minn St P A S S M . . Missouri Pacific Missouri Paclllc Ir cfs . Montana Power Nat Ulscult Nat Kinm ft S Co.... Nat Lead Co pf . Nevt'ai Cop iti'. N Y N II II New York Centr.il N Y Chi A St I, . . N Y Chi A St I, 2d pf Northern Pacific , Ontario Stlu-r .MIn Pacific Mall t'enu Hall road Philadelphia Co . . . . Pitts Coal Lo XJ pf.., Prts-ed a Car Co .. .. Pressed S C ar Co pf tlulcksilver 24 Ity hteel Sp Co 154 Ita Con Copper '2iH Heading P8 Itepubllc Iron AS 114 104' 00 , 4S4 214 85 434 25 o; 094 454 224 4J4 704 7S4 334 21. 77'4 i.,4 774 554 094 1014 91 14 15 1284 127 7 lij'i 00 484 oo 814 44 25 004 09 414 214 434 09 73 33 !J5 70. 55 5 V 1134 1013 9J 93 14 14 U4 " 127 7 104 004 1-4 23 83 15 25 004 01 154 214 1 4 70 734 334 215 704 BETTER DEMAND FOR SECURITIES ON CURB Motors Shares Move Up Sharply in Spots Chevrolet Up 17 Points NEW rOTUt, July 20. There wan a decidedly batter demand for outnlda securities today, especially tho motor shares, which moved up sharply In spots and later extended to otHer parts of tho list Around midday dulness set In and reactions followed, although In Inany Issuci Rood advance's were maintained above tho last final. In motors, Oherolet developed more aetltlty and at one time showed an advance of 17 points. United Motors, after early healness, rose 24, later reacting- a point, fltutz Motors and White Motors were frac tionally better. Mldvalo Steel Improved ?i Aetna Explosive, after celling at a new low, recoverod Tobacco Products ruled firm. DrlRgs-Seabury opened up nearly 4 points, but later lost tho larger part. Oils were generally Arm, with activity In Cosden Issues Oklahoma Producing was somewhat enilcr on news of new consolida tion plans. Standard OH Issues were quiet but Orm. Mining Issues were dull but stonily, Bonds wero unchnnged INDtJSTHtAt.fi Sales in Philadelphia lllith. pno Acme Tea r2 in Am una , J-".. 10 Dalrt Ixieo .... 70H BS nuft A Bus T C RO 33 Cam Iron . . . 41'4 B Con Trae N J., 72 1 cntaw 2d Brer na 10 Klec fitor 100 nn ... 500 Interborn cons 4 Tns Co N A 22 Irfh Nav . . 20 lyh Val .. loo Nevada Cons . 13"i rennn, ... 3 Pa Salt MfK 110 I'blla Co 5 do tref 2.10 1'hlla Bleo 310 ! II T tr elrs 17 Phlla Tr . 10 Itrp Ir A Stl 131 nadlnjr . . 2.1 Tenn Conpor . , 1-0 Union Trac 173 17 Oas Imp . . S8 is tr 'n n .r . . 2"fl aidl tt S Hteel. . RT .10 W J A S H -til" 20 Westm Coal 70 till York llwy 15 Increase Decrease 101 211 in 10 117 8 in 37 2H in4 183 lyiw. 120 70H 5?4 7J r3 2 ? -, 74 i "4 m 74 (17 cloie. n2 ISO 70H no., 72 n.i 02W .15.4 10H BlS 74?, IIS .in 3i. in. 77S 4(1','. Sift 2J1H 81 IHVi 70 13 IIS .in 37 .lit? nii "'fr ,,7 2i 24 24! 41'i 41i IHJ4 88 H7 87J4 tnv 'iXi? m 44 111 15 Net ene. ' K Tif "n ' Tnlnl nale, O00O shores, eompnrnl with MM jrilrritiivi thni far till' week, 20,402 nhnrrm some period la-it week, 2D,78r nliares. 04 04 04 1114 014 924 1204 1204 120' VA 2J' 2J4 1134 1114 11 14 10 i Hl'i 10 (114 004 004 (04 1014 10.14 10.1 101.4 . 374 37 37 37 014 01 01 01 .1114 1114 1114 1114 . 04 0 0 0 204 22 22 .2 . 504 57 . 0'J u IJ . 30 .19 :'! '(9 .1014 1014 1014 101H . 474 43 47 IS 10J4 1004 10')4 904 H 4.4 15 224 224 97 n 074 104 144 24 154 -' 4 1)74' 104 Ili'pnbllc Iron A S pf....io,i4' 1104 1104 1M4 smw, Ho' A Co Iiat ArU Cop Mojs-fehui .-i A I t!0uthrn Pacific .... Southern Hy iHjutlurn Itj pi standard lllllln; rU. Studebaker Co Tenn Copper Texas Co Tobacco Prod pf ...105 195 194 254 254 .'54 424 074 244 tS u 42 974 214 dS4 4 11 974 23 ', lib 4 1U44 254 424 974' 23)4 08 4 12S4 1234 1204 1204 .'54 20 244 -'54 191 19 1 1934 104 101 KM 101 101 Union Pacific 1.184 1374 1J?4 1J7K UJCIl'll' 20 204 20 20JS unitpu iron ui) iftMf i.inu l ,iji united ii s inv co pi., is;, 20 L i ind Alcohol 1114 110 U S Rubber Li a suv I Lorp'n. . J 854 53' 854 U b Stiel Corp'n pf 1174' 1174 US bin K AM 094 Utah Coppir 70 Utah Securities 17 Va Caro Chemical ,ir 'a Iron, Coal AC.... 4 i Va It A l'otr 4b4 Wabash pt A 514 Wabash pi 11 274 Western E . M 50 Western Union Tel . Wr-conMn Central ., Willys Overland. . . Willys Oietlund Dt.. Western Maryland . Woolnorth F W .. . 94 ... 54 ., UJ ...tno 2S' aS4 78 17 IS 45 104 1u4 .'74 ..04 '.H 50 594 20 20 1114' 1134' 534 534 M ii54 1174 1174 084 (8 70 17 18 41 45 a J i 2'i'i 554 M 544 054 IUO lllO"4 L'f4 2S -i '0 17 38 41 454 j04 -V4 04 04 0 -9H 1054 284 Did A nitrite Aftna Knr1oMe R4 84 Amerlcin llrltlih Mf 5 15 American Mnrronl a4 Is, 1,'ansrtlan Car Co ... 02 tin Canadian Car A Kily pref 80 SO rhcrolt Motors i .204 207 t'urtlss A'roplane .,..21 40 In lues Sfiliun 115 101 Cleeiilolir Tobnreo 38 40 do pref 113 100 Emor on Thonosrapli 10. 12 riamlsh t.ynn. . , ......24 3 Si Haskell & Marker Car St 80 Hemic Mf 211 30 Inter Mir Marino '22 21 Inter Mrr Marine frcf SI ss Kntlioillnn llrnnm prof 234 244 Maxim Munition I, 54 Manhnttun Trnnxfir 14 i; lldnfi Htn;l 01 'i nitj inn i:leltor 57 50 1'rerleai Mntorit 22 24 Poule Engineering Ill) IIO a Kruie I in l(H4 Stamlnnl Motori BS4 7 Ktutz Motors nn 01 Hubmnrlnn .11 314 Trlnnlo rilm 24 1 Unltnl Profit Slmrln 15-11) I United Motor (IS 011 U H I, nml It torn 2 2S II H Ii and II com 54 r. Whltp Motori 68 634 World Him 4 1 STAMDAltD Oil, HTOCK3 IlllnoM 1118 170 OHIO '.'.'7 210 I'rnlrle Vino 21N 2.'0 stnmlinl oil t'lflfornln 2(17 271 standard Oil New Jerey 51H 522 Stiiniard Oil New York . . 20,1 .-, OTIinil Oil. HTOCKH roden & Co 10 17 linlmers oil 4 8 Inter I'etrrlcum ID Hl'i llouxton nil It in Mldnrat ItnlinlnJ 511 02 SntnilpT Ilennlnir 11S4 12S4 MIN'INO ST0CK8. Atlanta 10 lOU initio Conpcr mil Silnc 5 n4a Uutto Nen Vork 1 14 2 Orm do l'nticn .11 ,11 nri-t .National 4 Si R (loldfleld Merger 'i It, IlM-ln Mining 5 5 4 Houo Sound 4 I't lint llutler , 02 III Jumbo nitfimlon 78 S(l M(.KInley Darrali Si no Mngma Conner 13,, 1", Mines Co of America 2J4 24 MulnolllB '4 i Pan To) . 14 1." St Joseph l.Pad 14"4 I51J pit Knrt Con 88 Iln White Oiks 5 5'4 IIONDH Tprrn ilp PaKcn On ....110 11.1 MldMilP ft .. .. HI O-i COTTON MARKET IS ACTIVE; PRICES UNCHANGED TO LOWER Spot Houses, Wall Street and Liverpool Buyers NT3W YOItlC, July 20 Tho cotton mar ket nt tho stnrt thlH mornliiB was the most actlto and broadest In Romo time Tho tono was steady, with prices unchanRed to fi polnta lower Spot housed. Wall street and Ltterpool ero tho buyers on tho call, tho supply com Int; from loom traders and commission houses. After the llrst few minutes of builncss n demand developed, which carried the lending optloni back to u point or so nhoto the previous close Weather conditions In the .South wero mixed, thero boInK some rain In the West, whero It Is needed, hut tho nostern sections also hud scattered precipitation. Tempera tures wero lower In the west and central portions Liverpool cables wero without InOuence here, prices helnir In line with expectations ,tnd showing losses of 6 to 7 points The receipts of cotton at the ports for the duy were estimated at 7000 bales, com pared ulth BB67 baleB last week, 8DG2 bales last ear and 2200 bales In 1911. July Aue . Oct Dec. . J. in March May . . Slt Hid Yps cIosp Open . . 12 77 12 74 12 77 M2 7", .. . 12 H2 12 111 1.1 (IS . . . 13 12 , ... 1.1 2ll 1.1 HI .. . 12 111 1.1 114 1.1 OH 1.1 21 1.1 40 11 00 A M 12.80 12 HI 12 112 1.1 OH 1.1 14 13 28 12 M 12 111 13 lltl 18 14 2 00 I'M 12 01 13 11 13 15 IS 31 Liverpool Cotton MVRItPOOL. July JO. Spot was easier at a decline of li points on the basis of 7 06d for mldupland The sales aggregated 7000 bales, Including G00O bales American. The Imports were 22,000 bales, Including 14,000 bales American The market for futures closed quiet at a net decline of 4 ','j 7 points .1314 1304 1304 1304 Money nt London I.OXDO.V, July 20 Jloney, 4 4 per cent , unchanged. Discount rates Short bills, 51 par cent , three months' hills, 6?i per cent i unchanged. BAH SILVER Commercial bar sller in New Vork was quoted today ut 62S4C, a gain of 4c liar silver In London was quoted at SDTad today, a gain of '.id. 8000 IN COMPLETE ROSTER OF ItliACKMST, SAYS BANKER New Yorker Asserts Only Small Part of Roll Has Been Announced NTW YORK. July 20 That the British blacklist against American firms with Ger man connection is not complete, but In cludes, in fact. 8000 names, which will be mada public from time to time. Is the state ment attributed to a, prominent banker by the Journal of Commerce today The blacklisting of other American firms, the banker was quoted as saying, depends upon how American public opinion receives the first list "Most of these names (the additional names) are known to'thlpplng firms and to International bankers In confidence, and the act agalnt trading with the enemy has bn operating against them for months, it was further asserted," the financial news paper addsd. Cobbler's Son Heir of Hetty Green PARIS. III. July !0 William Merrill Jr. of this city, son of William S. Merrill, a cobbler of Charlotte, Mich., Is heir to a J100.000 uhare in the estate of Hetty Green, one of the richest women In the wcrld, who died recently w ' - Pennsylvania OHto Join Fleet NORFOLK Va., July 20 The Pennsyl varna. Americas newest and most power ful warbip. left today to Join, the AtUntto fLeL She will become the llagnblp of iha Sett and will get the first trial oX fcw gifanfJe gum & Karrajiuiitt Bay, k NEW YORK COFFEE MARKET NEW YORK, July 20. Tho market for coffee futures opened steady this morning and unchanged to a decline of 2- points Trading was only moderately act he, with i-nle.s on the call 3C00 bags Trading later was moderately actlvo with prices keeping within n, narrow range, being about net unchanged to it decline of 1 point with sales 11,000 bags 'Tho steadiness on tho otchango was about in keeping with the continued firm Brazil markets, and there appeared to be little pressure to sell futures. Support came from outside local sources with a fair foreign demand also noted. The local market waB quiet and unchanged at 9c for Itlo No, 7. Today's . , opening July Aueuat September Ortoler Xoieniber Decambtr 8 6308 66 January Kebiuary ,.. March 8 8308 83 Yesterday'a close 8 4468 45 N 44Wb M BO8 01 8 356J8 Art 8 I1U b Ml 8 03R 68 7108 71 8 7S8,7(J 8 8608 87 DIVIDENDS DECLARED Midwest Oil Company, regular quarterly of 2 per cent on preferred, payable Au.-ust 20 to stock of record August 1 Cities bervlco Company, regular monthly of n of I per cent on preferred and common, and also a. dividend of 2 per cent In common stock on the common stoclc all payable September 1 to stock of record August 15 Federal Sugar Company, regular quarterly of lh per cent, on preferred, payable July 81 to stock of record July 28 IVjoks do not close, Cumbria Steel, regular quarterly Hi per cent . Payable August 13 to stockholders or reourd July 81 I'ullman Company, regular quarterly 2 per cent . payablv August 13 to stock of record July 31. Sugar Quiet at New York NnW YORK. July 20 Fine granulated sugar continued quiet today, being quoted by all refineries on a 7.65c basis The last sale In spot Cuba raws was at 6. 7c, an advance of 13 points over the -opening yesterday. JXtMIDVERTIjyaiEMXS ,--g ESTATE OK MAEY B1IITH UKKVES, 25.r deceased Letters testamentary on the kbove estate having beep granted to the under signed, all persons Indebted to the said estate are requested ta make payment, and those bav ins claims to present the same, without d Lay. to " LSEnT T BATJERLB. 600 Commonwealth Building. D1BKOTOBY 07 ACCOUNTANTS Certlfled Futile Aliouotants LAW1IENCB SS. ilROWN A CO. U1B HEAL 3TATE TKUST BUILDINO. 'iU tows no.vna Illnh Low. rioe 4no Am O A n fs iisji 1'4 14 1000 IlaM I, 1st (in 101 i 104 I 104 C 11100 Con Tr N J On 1024 10JU 102t 2000 IJIfC & V Tr Is 8(1 HO 80 10110 Key Tel 1st Be IIS US 118 loooo I, v Rcn.JHs loo loo loo 10000 l'n Ken 14b . 101H lOt'S 101i 20(10 I'hlla Co lit f, 101' 101 101 1.100 I'hlla nice 4s R". 8H 81 4111)0 do On lom I01U lntH 200 Run A It 1st fis 10(1 100 100 -f-Increase Decrease Totnl mile. $V2,noo. compared "lib 0(1.800 jentenlnvi lluii.fnr lltl week, svJOI.aOOi mime period luit week, $3211,100. Net -A Local Bid and Asked ' ii H i ii Today Yesterday Did Asked Hid Asked Huff A Him to 4'i fid 48 411 do pfrt (Ill 57 M nil I O Drill ,n llaldnln 71 f 71 7o'j 7ii' i:ie HtomRe IU'4 V, ilj4 Ii8' Crnornl Aspbnlt :i2 HI :u 114 do nM on (IB'i HI'Vj IWJ Key Tel 14Ji 144 14j U do t O 144 14 ), 14U 144 do pnf .'IIS 11(1 OR H8W I,ko Hup Corp llifi 10J 10)4 11 lh ,Vft 744 73(5 7I 7B Loh Vol 78. 78i4 78i 78"! lh VbI Tr 21'4 22 214 22 do pref 12 42U 42 2i Pennn 117 n7 i n7 B7 I'hlla Klec 28li 28i 28 2H I'hlla Co :ts :ii5 as, ii do r per cent pref . . 37 Hit .17 .'III do 0 per cent. pref.. .10H 311', 2!4 40 Phlla n T t c. .. . in, lnji 1114 int. Ilciidlng 117. Ii7 H7 5 117 14 Ion H-l !',, 14 4 4 '4 Ton MIn n'4 11 r.'i r, IJn Trm- 1 1'5 -It -I tW II It (1 I 874 88 87 88 II H Mrel 81'4 81!4 81(5 83!; York itw . in 1314 ir. in(4 ill) pror . . 37 37)4 -174 3S'4 Wm Crump t c 73 74'S 7I'4 7,"'S Financial Briefs The New York Stock Hxchango lias ad mitted to trading tho $91,500,000 three-year li per cent notci of the American Foreign Securities Company, secured by neutral col lateral deposited by the French Uo eminent t Tho New York Subtrcnsury lost $2,635,000 lo banks jcHteiday, reducing tho cash net gain slnco Friday to $10,226,000. Tho Board of Representatives of tho New York Curb Market Association lias listed and ndmlttcd to quotation tho 4,000,000 common shares of n par value of $1 of tho Omar Oil and Gas Company. Tho United States Corporation Company is tho transfer agent and tho Kmplro Trust Company the registrar J LONDON STOCK MARKET Bank of England's Discount Rate Re mains at 0 :Pcr Cent. LONDON, July 20. Thero was a firmer tono generally to securities on tho Stoclc Kxchaugo today Tho fooling was moro confldont. Fears about monetary conditions were on tho wane The maintenance by the Bank of England of tho 6 per cent, discount rato dissipated overnight unfounded rumors that It would bo marked up Jo 7 per cent. Thu gilt-edged pectlon mended, but It wns quiet Thero was a disposition to nwnlt Premier Asqulth's statement and next week's new ote of credit. Trading In tho American group was nar row. Changes In prices wero fractional and Irregular Canadian Pnclflca moved up ward ngaln South American rails were In nctlo and mixed Allied bondn wcra purchased. It waa officially stated that tho modification of the agreement between tho companies and tho Government waa contemplated. I.ondon N Y 12 10 n m nnU Atchison lO'i'j 104 J4 ..... wnunuidii i huiii; Ches A Ohio . . . Chi .Mil & Ut I'nul 181)' isnu it . . (114 mi ij 'i'4 H)U 11, i:n 371' .i5U 4 Krlo 1st pfd 6'i M J Illinois Central losi, jn1a ?f N Y Central 108 103 if Pennsylvania , . DDK S0'4 Heading 101H 08?i Southern Taclflo 1024, 07i (i U S Steel 80 tt 84 t Union l'acinc IU 13794 , flncreasi) Decrease Carefully selected securities, of proved merit. Bend for Circular. MELLOR & PETRY Member. ftVUSttSlSff"" 336 COMMERCIAU TRUST DLDQ. 16 SOUTH DROAD STREET INCREASE OF $145,812,771 SHOWN , IN LOCAL INSTITUTIONS' DEPOSITS Trust Companies Have Largest Gain in Year, Reaching a New High Record $4,000,000 in Gold Arrives at Philadelphia Mint From Canada A good Indicator of tho general trend of business In Philadelphia Is found In the reports of the national banks nnd trust companies as git en on tho last call for condition to tho Comptroller of Currenoy nnd to tho State Commissioner of Banking, Comparing the figures of the last call, June 30, with June 23, 1916, an approximate year, there was an Incrcaso In deposits of the two classes of Institutions of $146,312, 771, bringing that Item up to $960,690,174. The trust companies showed the largest gain In tho period, tho .ncrease being $74, 346,923, deposits standing at $619.919,6.90, n, new high record, na compared with $446, 602,767. Tho national banks had deposits of $430,741,784, n gain of $70,966,748, When compared with $369,774,936 In Juno of laBt year. Tho two classes of institutions had sur plus nnd undltldcd profits of $137,232,857, against $133,239,368 Of this amount the trust companies had $91,986,426, compared with $87,299,231, nnd the national banks $45,247,431 at contrasted with $46,940,137. The figures are given by tho Commercial List nnd Price Current. Moro gold arrived at the Mint In this city today. The shipment, which amounted to more than $4,000,000, came direct from Canada and was for the account ot J P. Morgan & Co It was said that tho ship ments aro expected to continue for an In definite period. Refineries In New York ars leaded up to their full capacity and the gold Is being sent to this city so as to relievo them. Changes In prices on tho -Philadelphia Stock Rxchango In today's trading were confined to fractions. There was little to discuss In the dealings. There was a slightly better demand from commission houses for home Issues than has been the case of late United States Bteel com mon wns the most active Issue, selling a fraction lower. Philadelphia Itapld Tran sit trust certificates moved up slightly, as did Philadelphia Traction, while Cambria Iron declined a little. Heading dropped a full point before noon. VANDERLIP PROPHESIES ATTACK 0NG0LI) RESERVE Banker Asserts Europo Will Be Active After War WASHING-TON, July 20 America's vast gold reserve will bo tho chief point df at tack by Uuropc, "depleted of Hsgold and Btoggorlng under a weight of Inllated bank nnd Ooernment paper" nfler the war, ac cording to Prank A Vanderlip, president of tho Nntlon.-il City Hnnk The prophecy was mntlo to tho House Judiciary Committee from tho National Korclgn Trade Council while ho was urging enactment of the Webb bill, which will legalise co-operative effort by exporters Tho council warned thnt besides tho un precedented American gold reserve, Europe would look longingly oIbo on tho export trade the United States lias accumulated during tho great war. Huropo's efforts, Mr Vanderlip pointed out, will be along lines of co-opernttvo ef fort, beginning with cartels nnd trade asso ciations, purchasers, manufacturers, ex porters nnd bankers, reinforced by gov ernments. Theso probably will bo sup ported by economic alliances succeeding tho war nllnnces now existing, tho council warned. The council declared enactment of the Webb bill would open the way for tho smaller manufacturers now Individually un able to enter foreign trndo to find an over sea outlet, LIVE STOCK QUOTATIONS CHICAGO, July 50 1IO08 Itocelpts, 1T,000 tl 106.a0. light. Ill 40j10 03; pigs, tS.764 9.-IO; bulk. DBfltiin 08. Uiwer, beeves, JO 00010 B0, cows and belters. market stendyi mixed and butchers, I9.280 iy !"i-sona neiiTjr, v iuapiu.10, rougn nea CATTLE lUc'Ipts. .1001 market steady, 10a trVi1. 1. "". o uuitfiw vu, cows ana neuers. Texans, 7 2S08 90; calves, $0 2SJH1.70 SHEEP llccelpts. 1200i mirket week, na !Lv?on1 Western, $3 808 lBi Ismbs, J7.7BO 10 00 Jncras ir,1,473 RAILROAD EARNINGS POUTIIEIIN' RAILWAY SYSTHM Southern Hallway ..1JJ!'' .. Second week July . . Jl. 3.11, 01,7 Aabama urrat soutnern becond k July "Of"33 ..7,810 Cincinnati. New Orleans and Txnn Pncldc hoi nnd wek July .. 180.233 20 778 tlporcla Soutliorn and fclorlna Sot ond p-k July ... L'.O.I'i 'Ml Mobile and Ohio Second week July 1W0.S01 S.OSO Decrease. ELKINS, MORRIS & CO. BANKERS ' Land Title Building Philadelphia High Grade Pennsylvania Tax Free Railroad Bonds Equipments and Public Utility Bonds Miiiinnns NEW YORK AND I'HII.AUKLriHA HTOCK EXCHANGES Laurel Oil and Gas Pays Dividends of 1 Monthly Booklet on Request Samuel K. Kirkpafrick & Co. Members Phila. Stock Exchange Land Title Bldg., Philadelphia Stocks Bonds Investment Securities Grains We direct your attention to our facilities for handling for cash or on margin orders for securities listed on the New York and Philadelphia Stock Ex shanges or Chicago Board of Trade, of which we are mem bers. KLEMM & KEEN 1326 Walnut St. Members iN'ew York Stock E rhlla. Stock Exchi Chicago Hoard of xchancs ante Trade Edward B.Smith & Co EsTiUianxs 1802. BANKERS Mtmbtra A'sm Yorfc and rtiiladttvMn Block Exchanges 1411 Chestnut Stueit, rnti.iBti.rHu 30 riME Stueet, Niw Yoik INVEST IN MORTGAGES AT 5.4 Recommended by BEN T. WELCH 1328 Chestnut St. fifcAZIER6C0 INVESTMENT BANKERS Droad and Sansom Sts. Laurel Oil and Gas July Dividend 1 Payable July 25 Full Information on Requett HUGHES & DIE BANKERS AND BROKERS 1435 Walnut Street Philadelphia This Company will be pleased to receive your Subscription to the American Foreign Securities Company Three-Y&ar 5 Gold Notes Subscription price 98 and interest Yielding about 5.735 per cent. - Commercial Trust Company City Hall Square sE i'H d h i tfictffiiBfli i
Significant historical Pennsylvania newspapers