.
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EVENING LBlDaEIt-PHILADteLPHIA MONDAY, JULY 24 1916.
wftHHI M WW MiiW ' i WliliiWllMiMWttWMiiii n ji-nsa.iss, in ! n.pii ii i mill i I "" '
t -
ML- FINANCIAL NEWS
0" , Itlii in 1 1 hi i.. i i i i. tail. i I
SPECULATIVE SITUATION DEPENDS
j. ON AGTION ON U. S. STEEL DIVIDENDS
Uroment of Stock Throughout Day Is Regarded as Con
Arming Predictions of Extra Payment Tomorrow.
Industrial Alcohol Takes Big Drop
t High Points in Todays Financial News
Philadelphia bank statement for last week showed detreases in all items.
Individual deposits dropped $13,180,000. Winthrop Mills detlared 80 per
eent dividend, Som inquiries for copper. Bar silver was lower in New
York and London. Ohio Cities Gas Company declared S per cent stock rft'vt
dend on common. Announcement was tndde of plans for the reorganization
of the United Railroads of San Francisco. Philadelphia Electric may call
final instalment of $2.50 a share tomorrow at its monthly directors' meeting.
Tonnage on eastern railroads continues at record rale. Mutual Trust Com
pany of Orange, N. J., was closed by order of the State Banking Insurance
Comniissioner. Kentucky and Tennessee coal companies petitioned the Inter
state Commerce Commission for joint through rates on coal from their mines
to Great Lake ports by way of Toledo and Sandusky.
NEW YORK, July 24.
The speculative Situation in the stock market depends at the present time on
iho action that may bo taken by the United States Steel directors on dividend
distribution tomorrow afternoon For a Ion? time statements had been made In
important quarters and repeated today that an extra payment In addition to tho
quarterly dividend of IVi per cent will be mado and that tho extra payments will
bo continued Until tho dividends passed In 1914 and 1915 are settled for with tho
common stockholders.
Some of tho trading clement on tho Street attempted to nullify this expecta
tion by insisting that no act&n in this direction will be taken until the end of tho
year, but tho action of tho stock throughout tho day was regarded as confirming
predictions of an extra payment.
In tho early trading It crossed $7, making a new high point for this movement
and it only shaved off Blightly from this rango during tho remainder of the day.
There was somo commission house buying in tho early trading and a few of tho
professional speculators on tho floor covered shorts In vol u mo enough to mako a
chow of strength In tho first few minutes; advances which were then mado worn
quickly lost, however, and the Important changes tho remainder of tho day, wcro
In tho shape of declines.
Industrial Alcohol, which sold In the early trading at 115H, dropped moro
than 10 points, and there was a heavy tono to Distillers Securities. Tho copper
stocks were firm for a short period, but receded after the opening, and similar
early gains In other Issues wcro followed by recessions.
Tho action of Industrial Alcohol was a good Indication of & market position
of tho -war-order stocks. Thore is little doubt but that tho company in tho last
year has made enormous profits from war contracts, but tho dlroctors and offi
cers and a few of tho higher-class employes are the only ones who have definite
knowledge as to its financial position.
Tho outside public Is simply trading In tho dark in theso issues and ventures
made by thoso outsldo of a certain group nro purposely made to result in disaster.
On tho room floor 'the movements .in Alcohol and similar stocks aro said to bo tho
result of manipulation, but that is a mild word to use.
W
"Winthrop Mills Declares 80 Per Cent Stock Dividend
juuaTUiM, Juiy Z4. una wnmrop amis, or wmtnrop, Me., has declared a,
Btock dividend of 80 per cent, increasing tho capital from $250,000 to $400,000.
Tho Winthrop Mills manufacture blankets and cotton yarns. It has been unusually
prosperous tho last year.
f 6hio Cities Gas Declares 5. Stock Dividend on Common
COLUMBUS, O., July, 24. Ohio Cities Gas Company has declared a regular
Quarterly dividend of1 2VS per cent and an extra stock dividend of 6 per cent on
tho common stock, payable December 1. This Is an Increase from an 8 per cent
to a 10 per cent annual basis.
COTTON PKICES UP;
, TEADING IS LARGER
July Shorts Run to Cover
ing Is General
-Buy-
COTTON IJELT WEATHER CONDITIONS.
NEW YORK. Julr . Precipitation wna
reported In tho eastern section of tbetot
ton belt this morning with temperatures
abont unchanged. Tho following were re
corneas
. KnoTTllle. lot rensaeola, Maren, Raleigh,
A-hrylllo. Augusta and Atlanta. 71.
Oklahoma; Cltr and Blnnlniliam. 74.
. rinvanniih. .Wilmington. Khrevrport. San
Antonio. Little Rock, Vlcksborg and Mont
Kontery. 78, .,... . .
Corpus rhrlatl. Del Illo. New Orleans.
Nashville. Charleston, Tampa and Jackson
ville. 78. and tinlTeston. SO. , .. .. ...
There was .01 Inrh of precipitation at At
lanta and Jacksonville! .OS Inches at Tampa;
,18 Inches at Montgomery .40 Inches at
N.Nnn.hi .44. In.h..a ill niW Clrlnanst .Ad
.-..,.....,. . ....,.--.,-'-. i-----."-. J
lenes as iinconi incnes.a. rtwn.Mi,.oii
tnrhs
inches
nc.
icbea
High.
12.B7 IS. 08
12.83 18,02
13.1
13. SO
1S.SS
13. SO
13.62
law. Class.
12.fi 13.08
12.80 13.01
13.02 13.14
13.41
13. 03
13.18
11.13
13.41
13.63
13.30
13.3S
13. SO
18. BO
13.15
at faconi .73 Inches at Aturnstai
at Kalelclii 1.10 Inches at tVHml
toni 1.14 Inches at 1'ensacola. and 3.4 lac!
at unariesion.
NEW YORK, July 24. A firm tone was
displayed on the Cotton Exchange at the
start this morning, with trading on a larger
ecalo than has been witnessed for months.
Prices were 4 to 9 points net higher. July
dhorts ran to cover as soon as business
started, due to the fact that trading In
that option ends at noon tomorrow.
The buying was general. Wall street, the
South and some big operators leading. One
prominent room trader fought the advance
and sold every month on the call. There
was some commission house selling of the
active positions. '
Foreign buying was noted In options In
which there Is little or no speculation. After
tie call there were recessions of about 2
points, but the market held well at that
level.
It Is probable that continued unfavorable
weather was as much an Influence as any
other factor, Ilalns were reported In the
East aealn this morning, while the West,
where moisture Is needed, was" clear and
warm. Sunday's map also showed precipita
tion In the East.
The market af, Liverpool was QUlt and
steady, with prices 5 to 5 points higher,
Although they were due to come 6 to 7
points up, but this was Ignored In the local
trading.
The receipts of cotton at the ports for the
day were estimated at 5000 bales, compared
with 10,729 bales last week and 6009 bales
last year.
Sat. close. Open.
July jajg
October .,,...13.02 13.09
December ....1S.1T 18.63
January ,..,.13.22 1S,ST
3ISKU ...... ,I3.U
31ay ...
Bpot .........13.00
Liverpool Qotton
I4VERPOOI, July 24, Spot cotton was
quiet and unchanged today on the basis of
7 97d for mid-upland. The sales were 8000
bales, including E700 bales American. The
receipts were 9000 bales, of which 7SQ0
bales were American. The market for
futures closed quiet at a net advance of
J5 points.
Cotton Bayers and Sellers
NEW YORK. July 24. July Orvls
Toung. Montgomery and Qeran bought;
sjchlU. Brooks and Bashford sold.
August Story bought; Lehman and
. Jb&lll said.
September Coos and Rountree bought;
chill sold,
October Oeratt, Orvls, Brooks, Kelffer,
JFredtrickson, Munday Black, Reixensteln,
Glftord and T. Slcdenburg- bought; Kimball,
Beardstey, Mitchell, Newman. Wilson, Hop
kins. Hartcorn. Schlll, Smith, Jjurersoll.
Bashford and MeEnany soli.
Januajyv OrvlSfc Frederlcsaon, Cone, Mo
nany, Mitchell and T. Sldenburg- bought;
Watkins. Hopkins, Cassard, Montgomery
and Schlll sold.
February Lehman bought; Schlll sold.
March Burnett, C Hicks, Bashford,
38yce and Gser bought; Newman, Hay and
JSgetr sold.
frtl Lfhmaa bought; B.onber-. Hart
. Farr6tt and Schlll sold.
Hay Younr. ShU and Lowensteln
bewrfctj Lekmaa, Oreis, Brooks and Mc
SMUty Mid.
Cm! CoatiM. Want Tfocttagk Kate
WASHINGTON. July U fcixhty-threo
Xfinueky mm Teas coal producicg
eoMtott brtay i4Woi4. ta Interstate
rdousstM Coram Upon for joint through
,tM e oot trti t m to Great
I ,lff . yr4. iif way of Tol4o and Sas-
HiFMlia iti M,o can rw
fcdtstt 3ta Wc Vtr-iBU mmf ou-
New York Bond Sales
150OO
BH100O
J4BOOO
1000O
18WIO
0001)
1O00O
13000
41000
r.oon
23000
3000
3000
2000
llHIOII
1 1000
20000
4000
1000
looo
0300
Sl'(H)
1000
100O
looo
1000
sooo
25000
3000
1000
2000
6000
8000
4000
2000
1O0II
1000
43000
3000
2000
1000
6000
SOOO
12000
1000
(1000
3000
10000
SOOO
1000
10001)
4000
24000
320000
1000
2000
II 000
7000
SOOO
8000
loooo
SOOO
3000
10000
300
SOOO
4000
10000
3000
1000
3000
1000
1000
80000
looo
7000
SOOO
7000
2000
8000
1000
10000
SOOO
SOOO
2000
4000
SOOO
1000
S7000
SOOO
2000
SOOO
SOOO
lsooo
23000O
SOOO
20000
eooo
1000
AOOO
3000
7000
3000
SOOO
1000
looo
1000
gwmy,
Alas Gold cv Os Ser D.lol
Anglo-Fr Bs 03S
Amer For Hec fis..,.. 08H
Amer Tel clt Is niH
Amer Thread 4s U7Ts
Amer Writ Pap Ss... 80
Atchison cv Ss 1017.. .totU
Ult Ohio Si lootj
do 4a 00ft
Tlalt A O LE4WV 4s. 8114
Halt 6 Ohio Hwh 3tta SOU
Helh Steel rM Ss 100H
Hrookn R T Bs 11118... lOflH
llpnnkn ITn C3itH In, An flT
Can llovt 4s 1021.... uu'i
do 102(1 00
do 1031 loo
Ont (1. rnn ns lOO
Cent leather 1st 51..101';
Cent l'ae 1st 4s 8a
Chts t Ohio conv Ss. 3U
do conv Ss 04 it
do Ss 101
Chi lc Alton SVis ... SOU
Chi Ot West 4s ... 70H
Chi Nwn sen 4s.. 04,i
C B Q Joint 4s .. 07S
do sen 4s 02ft
do III 3Us 81 ,
do III 4s 01S
C H t St V rfd 4 Vis. V2)i
do sen 4s UZ'i
do 4s 1025 0.1 S
do cv Ml lOOVi
do sen 4 Vis 101V
C It I i P rfd 4s ..74
do Ss 02
Col A South 4tts .. 83U
Con Qss conv As ...122I
Cumberland Tel Bs,.100U
Del a Hud conv 4s.. 103
Den Rio Or Ss .. 701
DIs Secur Corp Bs .. 74H
Du Pont Towder 4 Vis. 100
rle conv 4s Her l.. 83
do prior 4s 84
Hud i Man In Ss 2S
HI Steel deb 4Hs 01
Indiana Steel As 101
III Central 4s 1033.... 83H
interb Met 4 Vis T4S
Interb It T ret Ss. .... IJSVi
Int Mer liar ct 4Vis,.105Vi
Japanese 4Vis 80
Lacka DteelBa 1023.. 112
do Ss 1030 01V4
Lis It T Ss., lOO'Z
Louis k Nash 4s 044
Milwaukee Uas 4s.,., noli
Minn A St U 4 floji
Morris Essex SVis.. 87
Mo Pacific cv 4s ..... SI ,
do cot Ss 1017 col ct 03V
Mont Power Ss 07H
N T C It 8 3 Vis rec, 73VI
NTCtUBl ...,...112U
do 3Ha 82H
do 4 Vis 03
N Y City 4s 1030.... 100V5
do 4 Vis May IOST.,107'1
Hrouiitr 5...io3ji
N Y Ilwy ret 4a .... 75
do ad! Ss , SOU
N Y estate 4Vi 115V
N Y Tel sen 4 Vis .,, 08.,
Norf h West dlv 4s,. HUVi
Nor Pac prior 4s... . 02
do Ktn 8s .. 6dH
Pacific Tel Ss lOOVi
Penna 4s 1048 9'I
do sen ct 4Vss,.,.,,101S
do en 4Vis lOHi
do 4Via 1021 100V.
Public Berv N J Ss,., 2
Readlnc ren 4s.' 03K
Itep I a a Sa , 07H
Olo Rr t W clt 4s... 83
St I, I M S ait 4s, 73Vi
BtLASF 8er Aw I... H3S
do als w I 82
Seaboard A I. adl Sa,, 17b
South Bell Ss..,.,...100Vi
South Fae cv 4s SS
do cv ret ( p Ss.,.,102
South Ilwy (en 4s..,, 70U
Tenn C ret full pd., 01
Texas Co cv s. ...... 101V.
Third Ave ad) Bs..,.. 7S
U 8 Steel S V B..,..lo.ia
Union Pao 1st 4s.,... OTU
do cv 4s S3H
Un Rwys S F 4s..,,.. 3(14
Va Ss Drown llros.... Slvi
West Electric Ss.,,,..102
West Shore 4s..,,,.,. 00
Wist Union Ss.......l0t',i
Ixw. Close.
ion , lot .
? "IK
OH l)t4
01 lHH
l7S 07U
nil o'i.
101. 101 V
lOOVi 100(4
not, not,
8(1, SOti
00V4 tioVi
100V4 looW
loo VI loot;
07 07
u; uuv;
Vi 0014 OOH
(A iooVi ioou
1Z flBlX OB li
100 100 ,
lol'l HilW
8H.H BhK
K3j H-iU
04t lH'4
in.. inn
niivi soVi
70I 7n(i
looVi lOOVi
103, 103
70S 0
1DOV4 lOO4!
04U 04VI
() UOTi
eovi uoti
8nu R7
SI si
OS1! 03U
07 07I
73 73'i
112V4 H2Vt
82H 82?4
03 03
03i
07
63
74
89U
82
67
I New York Stock Sales
.. Irfst close.
Acme Tea Is pf ,. mil
Alaska J OoM M.. ,...,, 8
Alaska Gold M ....,,... 17Jf
Alllj-Chalmerj Mfg 22H
Am Beet Suar... ,.,.,.. R9J
Am BrakoS F pf,,.lC-3
Am Can, ....,.,.,,,,.,,, fiOM
Am Canpf 108H
Am Car cl Fdy 68)
Am Coal Products 142
Am Cotton Oil M
Am Cotton Oil pf OSH
Am Hide & Leather..... HH
Am Hide Leather pf. &T
Am IeoSoco. titles. ,.,... 28J
Am Unseed,..,,,,,,,,,, 18J
Am Ixicomotlro,..i..,,. 07K,
Am Locomotlre pf ,,,,,,100
Am Smelt & Ret , Oo
Am Smett pf A ,,., 03
Am Steel Foundries.,.,,, 60
Am Sugar Hcnnlng ,..,,t1095i
Am Sugar ncflranjpf...lllC,f
Am Tel &Tcl.." 120H
Am Tobacco 221M
Am Writing P pf 28f
Am zinc L ft Sm Smt
Am Zinc 1, & sm pf ,...07U
Anaconda Cop M 70HI
Atch Top ft S F ...'.... ,10Ui
Ateh Top ft S F pf 00
All Coast Lino , 1121J
All Oulf ft W 1 03i
Bald Loco Wks 73H
Bait ft Ohio 89H
Bait ft Ohio pf 70!
Bclhlohcm Steel 431
Brooklyn Bap Tr &!'
Brookljn Union CJas.,...1.10
BroanShoo CGli
Butto ft Superior 09
iluttcrtck Co 28U
Canadian raclflc 178H
Central leather 6IU
Chesft Ohio 01U
Chile Copper 20!
Chlno Copper 17
Chicago Orcat West pf. . .1(1
Chicago Mil ft St Taul. . OOH
Chicago Mil ft St 1' pf. .130
Chicago It 1 ft Iac 20jf
Col Fuel ft Iron 45
ComptT Rcc Co 10,'f
Continental Can (17
Corn Troducts Kef pf.... 00J5
Crucible Steel 71
Cuban-Am Sugar.,, 223
Cuba Cane Sugar 00H
Cuba Cano Sugar pf 03
Del Lack ft West .226
Denver ft Rio Or pf .... .15'
Detroit Edison 137H
Distill Sec Corp'n 40JI
Klec Storago Bat 03
Krlo 35!
LOCAL MINING STOCKS
TONOPAII 8TOCKS. , , M
Bid Asked
MacNamara ..,..,,,..,.......,. .03 .03
Midway .......,,,,,,, .10 ,-l
MUpah Extension .,,..,,,,,...... .20 .21
Montana. .....,,,,,.,,,.,.. .? .27
Northern Star ,..,.,,.,... .13 .14
Tonopah Belmont ............... 4H 4U
Tonopah Bxtensloa ,.,.,,,,,...., SH fi
Tonouh Mlnlnc ., ,, 6 O
lUscue Euja ..,,,.,..., ,,. .23 .27
West rnd ,,,......,,,.,,,.,.., .89 .VI
OOLDFIELD BTOCKS.
Atlanta ..,,,...,.. ,.,,.,,,, 10 .11
Blue Bulj .,.,..,,,, .02 .04
g0?,4? I? !?
Bulldoe; ,....,...., ,01 .02
COD ,.....,.,, 03 .04
Combination Fraction ,..,.., ,04 .08
DUmonafield B B 02 .03
Daisy .....,, J ,04
Florence .....,,..-., ,39 .41
Ooldaeid Consolidated 88 .00
Jumbo Extension ....,..,. ...... .75 .77
Kswaaaa ,, , .10 .11
Oro .......... .,..., .,....... .04 .05
Sand Ken ....................... .04 ,05
BUrer Pick ,13 .13
MISCELLANEOUS,
retry Axtec, ,,.,,,.. .01 ,03
Klmberiy .......,,..........." .03
Neradsv Hill , ,.,..,. .1 .17
Nevada Wonder ,!?? J 5
Yecsva, ,liloln 13 .13
" r
xFttuA Rentes Unchanged
FA'. JttlY J4- Threei per cent Tnte
(If I4). wwkiufctd. Kxcbajise oa London
t JSiieWW" Attach J. $U Jtc,
Kile lstpt S2!X
General Electric 100
General Motors COO
General Motors pf Ill
GrccncCananca 45'
Goodrich B F 73!.
Great Northern pf 118!.
G X cfs for oro prop.... 351.
Oulf States Steel 75
Gulf States Steel 2d pL . R2
llelmod W Co lTBJf
Int Agricultural pf 41
Int Con Cor v t csh.... 10!f
Int Con Corp'n pf 74J.
Int Paper 13J.
Int Paper pf 03 J i
Insp Con Cop 4SH
Int Nickel r t cf 45
IntM M-cof dep 24!
Int M M pf cof dep. ... 80
Jowcl Tea 78
Kelly Spring Tire 70.
Kellr Spring Tiro pf .... 05H
Kcnnecott Copper 40).
Ijck Steel Co 72
Lehigh Valley 78).
Lake Erlo ft West 2D
Liggett ft Myers 25S'f
Lee Rnbbcr Tiro 43K
May Dept Stores pf 107M
Maxwell Motors 70Jf
Max ell Motors 1st pf.. 87
Maxwell Motors 2d pf . . 58J.
Mexican Petroleum 1005.
Minn ft St Louis 5M
Miami Copper 35
Missouri Pacific 7H
Missouri Pacific tr cfs . . . 7
Nat Knara ft S Co 2.VC
Nat Lead Co 04)
Nat Lead Co pf 113H
NevConCop 10!i
New York Air Brake ....120
New York N II ft II.... 01).
New York Central 102!f
New York 0 ft West .... 20
Norfolk' ft Western 127Jf
Nor Ohio Tr ft L 85
Northern Pacific HUt
Perm Railroad 50! .
Philadelphia Co 40H
Pitts Coal Co N J pf ...101H
Pittsburgh Steel pf 97) i
Pressed S Car Co 49H
Pub S Corp'n N J 130
Pullman Co Villi
Ry Steel Sp Co 45)
Ray Con Copper 22 J i
Reading OS).
Rcadinc 1st pf 42).
Reading 2d pf 44).
Republic Iron ft S 17!
Seaboard Air Line pf .... 39) .
Scars, Roe & Co 100
St Louis ft S F wl 10)r
Shat Ariz Cop 2G)f
Sloss-Shef S ft I 42).
South Poito R Sugpf....llO).
Southern Ry 2315
Standard, Milling rts H
Studebaker Co 128).
Tenn Copper 25).
Texas Co 101U
Texas Padllc 12U
Union Bag ft Paper 0
Union Bag ft Paper pf... 30M
United Cigar Stores 00).
Union Pacific 137).
U 8 Ind Alcohol 114).
US 01 V ft F 20).
United Fruit 157)1
United Rjslnr Co 11
United RysInvCopf... 23
U S Rubber 53).
U S Steel Corp'n 80)i
U S Steel Corp'n pf 117).
U S Sm R ft M 09).
Utah Copper 77
Valron, Coal ft 0 44
Wabash ...,,,,.. 13'i
Wabash pf A.... 50)i
West E ft M . 57) .
Western Maryland 28).
Willys Overland 63)i
Willys Overland pf 105).
Wisconsin Central 54
Woolworth F W 130)
Worth Pump pf A 07
Quoted ex dividend.
lllh. I.ow. Close.
90 00 00
8 8 8
19 18 18H
23 225f 22M
91)i 89JJ mi
175 175 175
60J 65H MM
110M 103H 110M
69). 68X 63)f
143)4 141H HIM
M 54 54
OSM 08M 98M
UM 11 HU
54M 53 51
2if 28!' 28
im K)( 18!f
03 C5!( 00
101 101 . 101
fW 9)i 04'f
03!( "3! i 03).
G0)( 49M 49M
109( 109!f 109!
110!i 110M 110H
129K 129H 129M
22l!l 222M 222M
95 05 05
20M 28!f 28M
37 34 35M
OOM 05M 05) i
80)1 70'f 70M
10lM 104M lOlM
99 09 09
111M 111 111
04M 03M 63M
73M 71M 7W
87H mi ROM
75M "5 73
440 440 440
85 84M 8.'.
130 130 130
50 60 50
70Jf 09 G9
28M 28H 23M
VWi 177M 177M
65 64M 54M
on; COM COM
20M 20M 205
4a' 47M 47M
.10 .10 30
00).' 00 00
130)5 130M 130M
21 20V 20),
45M ii'.i 44)1
40M 40M 40M
08! i 05 95
OOM 00 90
71U OSM 08M
225 225 225
01M 00'f COM
05 01M 05
22o 225 222
. 35M 35 35
139 139 139
40M -I3M 43M
03 (XI 03
30 35M 35M
63)f 63Jf 63M
170U 108M 170
500 499 500
113 113 113
45M -45M 45!f
7IM 73M 73)
118M 118H 118M
30 35!( 35M
73)i 75)i 75)4
83 82 83
1935 105 195
4.1 39)4 40M
10) 10M 10)4
74)4 74M 74M
14! i 13.M UM
05 03 05
40M 48M 48M
45M 44M 44M
25 21 24
80)4 85M 85M
80 79M 80
70)4 7054 70M
95M 95M 95J4
47 40M 40)i
74 70)4 70)4
78M 78)4 78)4
21). 21M 21M
272 200. 272
45 43M 45
105 105 105
S2M SO SIM
83 87 87
58 ' 58
08M 09)4
4M 4)4
34)4 35
754 CM 7)4
7 05. 7
2354 2354 2354
04)4 04)4 04)4
1I3!4 11354 113M
10)4 10J4 10J4
120 121 124
0154 OIM 0154
103)4 103 103
2GH 20 20M
127M 127 127
87 87 87
111M 11134 111H
50!4 50)5 50)4
41 41 41
102 102 102
OS OS 03
5054 49)4 49)4
131 131 131
101M 101M 101M
44)4 44 44
23 22! 4 23
93)4 07 07)4
42)4 42)4 4254
47 45)4 40M
4s 45)4 45)4
38 38 38
10554 105)4 195M
17 17 17
20M 20)4 20M
44M 44)4 44H
110M 110M 110M
23)4 23H 23M
54 54 M
120)4 120)4 127
2554 25)4 25)4
19254 102 192
12 12 12
5)4 554 654
3054 3054 3054
08!4 97 08
13754 137 137
11014 105M 100)4
20)4 20)4 20M
158. 157)4 15754
11 .1054 10M
2354 23 23
54 53)4 53)4
87)4 80 86
118 11754 117M
69)4 0834 6bM
77)4 70)4 70M
44 44 44
1354 13)4 1334
50)4 5034 50)4
58 014 56)4
27M 27)4 27J4
03 00)4 00)4
105)4 105)4 105)4
54 52 52
137 137 137
U7M 07)4 07H
59
101
5
35
FOREIGN EXCHANGE
?JEW YORK, July !. The market for
foreign exchanged opened dull and with an
Irregular tone. Sterling and French ex.
change showed steadiness, and. In fact, are
regarded as virtually peg quotations around
ruling figures. This Is due to the success,
ful loan operations. On the other hand,
Italian, Dutch and Russian exchange opened
easier, Rubles showed a further decline
ot ten points for dhecks at 30.35; cables
were quoted at 30.40; guilders opened at
41H for cables and 417-16 less 1-1 for
cables. Other quotations were; Demand
sterling, 4.7513-16; cables., 4.76 4; 60-day
bills, 4.17)5; 90-day bills. 4.63 )f; franc
cables, 5.90 U I checks, 5.9 0i ; relchsmarks,
73 9-16 and 73H ; lire cables, 6.434 ; checks,
6.44 ; Swiss cables, 5.284 I checks. 5.29 ;
Vienna. 12.50 and 12.55; Scandinavia, 28,70
and 28.80; pesetas, 20.18 and 20.30.
Later Continental exchange worked a
little lower. Sterling held steady at
4,75 13-16 for demand and 4.76 for
cables. Francs, relchmarks and lire
shaded about 1-16 to H to the following Hg.
ures, franc cables 5.90H, checks 6.90 ;
relchmarks, 72; lire cables, 6.44; checks,
6.t. Business was moderate.
In mid-afternoon the market -was dull
with a fairly steady tone. Otherwise, there
was but little feature.
BANK CLEARINGS
Bank clearings today compired with carrc
Boston ...124.803.049 111. 108.109 tl5.4S3.d3S
Pnlla. ..: IJ.S17.4W 18.83M0 1S.6J3.301
New York 2S4.4TH.aOd $20.Q1.31 lTi.Sfl.S71
Cnlcaso .... SS.SOT.eS4 ,47.000,763 4T.16d.SS
St. tuls.... 13.5M.S1S 12,l;l.SiS :?,S42.51
BATES FOB MONEY
ghUadeteUa ,...,,,.,.,. 4
Boston ....,.....,... ,
Clt-
Boston
CMtt(
:o .
mwvt.
t'A9t
fTlm.
ilk
WHEAT IS STRONG
AT MARKET'S CLOSE
Prices Dip a Little at Start, but
Covering by Shorts
Causes Advance
OTIAIN I1KI.T VEATHF.n FORECAST. '
CHICAGO, StAr 4. The weather foreeast
for the last 4henrs follows t
Illlnol nnd Jllmionrl rartlr. elondy, preb
thr leent thnnder showers. this afternoon
or tbnlrnii Wednesday, probably fair and
Sllshtlr ronler. ,. . , .... . .
Vrlxonsln Oenerallr fair tonltht and
Tnradsyi eooler tonlcht, .....
Minnesota rartlr elondr (onlghlt prob.
nblr showers in lower portion 1 Tuesday,
showers, . , ,
North Dakota Showers lonlsht ana some.
what warmer et. and eenteri Tnesdar,
partly elondr, nrohahlr showers east.
South. Dakota Thnnder showers this aft
ernoon nnd tonltht, and east and center
Tnrsdar partly elondr. ' .....
Xrhrntka rartlr tlondrt probably loeal
thnnder showers this afternoon or tonltht
eitremo northi warmer tonltht northweati
Tnesdnr, prohshlr. fair. ....
Knnao )enerallr fair nnd tontlnned
warm tonltht nnd Tuesday.
CIIICAQO, July 24. Erratic movements
In prices characterized tho trading In the
wheat market today, with the closing
strong. Although the weather in the north
west was cool and clear nnd prices dipped
n trifle at the start, a big advance was soon
scored under covering by belated shorts and
Investors.
Offerings on tho bulge were enormous
and tho market became qulto weak, July
selling ono cent below Saturday's close,
September 1U nnd December cent. Big
receipts at Kansas City and St. Louis were
factors on the drop.
Later on an expected decrease of 1,213,
000 bushels In tho visible supply In tho
United States for the week, coupled with
further reports of rust In the northwest,
stopped tho selling nnd caused renewed
buying, resulting In a Bharp bulge.
Firmness prevailed nt Liverpool on de
creasing stocks, rust news nnd Inadequate
arrivals. A brooder demand was noted
from tho continent.
Corn moved It regularly. The start was
higher becauso of nn nbsenco of material
rains but weakened. Tho cloio was above
the bottom. The market at Liverpool ensed
after showing firmness. The visible supply
In tho United States decreased 606,000
bushels for tho week.
Oats ended firmer. The visible supply In
the United States decrensed 2,163,000 bush
els for the week.
Leading; futures ranired as follows!
Wheat
78 ft
00'i
4T
42
434
Dn.n. Hlch.
July.... 1.1TJ4 1.K0H
Sept.... 1.10 I 1.11
Dec 1.22' 1.23H
Corn (new delivery)
July.... 4 MS
Dee 00'i COi.
Oats
July....
8ept....
Dec
I.aru
July,... 13.00
tf opt.... 1.1. 00
Oct 13.0(1
Dec 12. 2
nibs
Jul'....13.R2
Sept. ...13.62
Pork
July.... 2U0
Sept.... 23.02
rw 21.110
Did. tAsked,
42
42
43K
13.00
13. OS
13.03
12.82
Low.
l.inH
1.174
1.20&
M
41U
404
Sat'day'a
Close. close.
Ti,tt
1.1P
1.81
12. US
12.SS
12.87
12.6T
1.20H
1.22(4
1.25
H
00
t42
41'i
43(4
112.05
113.00
12.0T
12.70,
13.07 13.30 13.63
5(1.20
2S.02
IM.r.ll
2(1.10
24. ST
23.03
Nominal.
20.20
23.00
3.05
83
TT
31
41H
t4l
43S
12.82
12.85
12.82
12.72
113.47
13.4T
12B.10
24.8T
Wheat at Liverpool
LIVERPOOL, July 24. Spot wheat was
very firm today, with No. 1 Northern Mani
toba quoted at lis 8d, an advnnco of 2d.
Corn was steady, with American mixed un
changed at 10s Id, nnd riato lower at
lis Id. Flour showed an advance pf 3d
at 41s 9d.
NEW MOTOR STOCK
ACTIVE ON CURB
Strongberg in Brisk Demand.
Very Little Done in Other
Issues
NEW YORK, July 24. If It wasn't for
tho new Allan J. Ryan stock, Strongberg
Motor Devices, the Broad Street Curb today
would have presented little feature worth
noting. The stock was In brisk demand,
with buying coming from many Important
sources nnd sales were made at prices rang
ing from 42 to 42. The other Allan Ityan
stock, Stutz Motor, opened at 61 and
reacted to 63 51.
These two Issues attracted most attention
during the forenoon, but other motor stocks
were comparatively neglected, with United
Motor falling from 70 to 68. Pool Engi
neering dropped from 99 to 95 and there
was a loss of about 1 point in Aetna Explo
sives which sold below 9 after opening at
9.
The oil stocks were quiet and without Im
portant price changes. The majority of
stocks traded In on the Curb are apparently
waiting for Insiders to resume active opera
tions. The traders had loaded up with
some of these Issues at higher prices and
for some days past have been taking losses
on their holdings, and at present are not
disposed to enter the market again on the
bull side.
The Interests Identified with many of the
promotions are apparently overcautious and
are doing little even in Btocks like Mldvale
Steel, Kathodlon Bronze or Zinc Concen
trating. There was an upturn of 7 points In Chev
rolet, followed by a quick reaction. This
was the widest movement noted In any
Issues In the outside market.
New Missouri Pacific, when Issued, was
Introduced on the Curb for the first time
this afternoon at 2023, Nothing was
said of the preferred.
INDUSTRIALS.
Did.
Aetna Explosives n H
Amerlcan-llrltUU JIf, ..,,,,,,,,,, 6
American Alarronl ,,,, aft
Canadian Car Co... ,, 02
Canadian Car & Fdy pret ,.. J
Chevrolet lloton 217
Curtlss Aeroplane ,,,,, 2ft.,
Klemltb-Lynn 2
,,......,,,,,.
.,,,...,,,,,.
.,,,,,. ,,,.,,
,,.,,,,,,,.,,
OH
3
OT.
IO
Si
22
B
1
63 U
87
S3
DO
10U
a
v
DrlaTsti'Seabury . .
Klflanlahr Tobacco
Klienlohr Tobacco prcf
tsmerion rnonosrapn ...,
Hukell & Barker Car.,,,,,
Inter Merchant Marine,,,,.
Inter Merchant Marine pre!"
nainoaum uronia , ,,,,,,, 4 .
JletSIUl Auutituu ,,
aiannaitan xmus ,,,,,
Aliqvaie oieei , ,?,,,
mil fcievaior ...,.,...,,,,,
Poole Enfftn a. ,,,,, ,,,,,,,,,
8 8 Krr w ,,, 44ftf
Htnnrlsrff hint arm ..
Klronitberr Motor 4H4
Htuta Motors ..... ,.,., .. .,.,., 3H
Submarine . ..., ,,,.....,,.. St.,
Trlanste Film ., ,...,..,... 2U
United Motnra......,,,,,,,,,,,,, 08S
United 1'ront anarins .,.,,,..,,.,
U S U H com ,,,,..,,.,
00 pi" ...,,,,,,,,....,.
White Motors ,...,..,
World Film ,..,,
STANDARD OIL.
Illinois .,,,,,,..,,, ..t. ,?Tl
Ohio ...... ,,....,,, ,,,,, .--5 '
Pralrls Pipe ........ j , , , .222
Standard Oil California ..... ,,,..2(10
Standard Oil New Jersey ,.520
Standard Oil New York, ...,204
OTHER OIL STOCKS.
Coaden Company ..........,.,..,, 1S
Chalmers oil .....,,,, 4
Tnirnatlonat Petroleum .......... 10
ifouston Oil .,...,,,, ...,,, .
Midwest Rennlns ,,,,,, ,..,,,,
Sapulpa Rennlna: .,,,,,,...,,...
MfNINO STOCKS.
Atlanta,. ........ ;. --. , , , . . .T.
Butter Copper and Zlno.,,. ,.,,...
Uutto N i ,...,, .,,,.,,,....,.
Cerro o rasco .......a...,,..,,.
First National , ,...,,..
Oolddeld Merser ,......,,,,,.....
lleciaMlnlns ...,,.,,,,,,,..,,,
lloweSound ,,,,.....,....
Jim Dutier . .. ......,,, ,,,.,.; ,, J
Jumbo extension .,,,.... ja
Mciuniey jrr .,,.,,,..,.. -
Magma Copper .....,,,.,.,,,. iQrf
Mines Co or America ....,.
Nlplwlna Mine Co
San Toy ......................
St Joseph Je .......,,..,.,...
West End Consolidated ...........
pvnus
IS
s .
10
:is
n
6?1
I
i&
14
IS
8
Cerro d P??
Ullrala Steel 6
.110
. 4
Asked.
iS
70
88
220
40
102
40
10(1
12
3U
2d
un
23
H
iu
Bl
SO
25
110
It
II
41
14
St
S
oaVl
S
B4
1T4
2S0
271
824
200
IT
s
,8U
'H
2
3
T(
ST
IS
?
Hv,
so
114
Sales in Philadelphia
RAILROAD EARNINGS
eOUTHEIlN PACIFIC
1I
Juns arosa". flS.5dT.SS
'Tstter lazes !."!
U weXtp' Kt 5i-fti-I?i
Jfl 4,iik"mii a,4Sfi
Increas;
11,004, 033
l,S2i.6l
St.S2S.SSS
High. low.
5 AcT t cpf 0H
8 Am aasiolto 110
190 Am lly.i pf ISH
74 Buff AS t d 4H 4HH
100 do pref, 84 84
10 Cruel Stl.. 9 9i
100 Eleo St or., 634, SH
100 Erie ..... SA 36
7 H A B T pr B
80 Jut Paper. 14 UM
60 Ins Co N A SS 28
to Ken Cop , 47 W 1V
180 tk Sup Cor 10H 101&
01 Leh Vnl ., 75. 78
84 Ih Vnl .. 78H
35 North Cent s W
865 Penria It H 87 80H
25 Phil Co pfd 40 40
1200'Phll nice. 2W SSH
3366 PItTtrcfs 0 10T4
60 Heading ., 97ft 0774,
840 Ton Bel.. 4 3-10 4U
738 UnTrac .. 44 43Vi
81 V a I ... 88 A7H
6000 U S Steel, 87U B
80 'Vt'elsb Co. 41 41
108 War IrASt 014 M
III W J Sea 40U 49H
80 York Bwy IS IS
Incrcase, Decrease.
BONDS.
High. 13 w.
1300 AmOAE 5s 9.1 PSH
SOOO Ballxi 1 B.1.104V 104
1000 HI A PT 4s 80 80
1000 I, V g 4's.l00 100
1000 I'nGcnls.lOlVi 101
7400 Phlla El 4s 84 84
looo Unltya tcls 73 73
6000 UnttylnvEs 9 60
Incrcase. Decrease.
Nil
Close, chge.
ow n
lto .,,,.
08 ii.ii
Y Va
84 t
64i
6
14 ..7?.
s
S7 4-
10
It
1
86
88
40
ii
0
0TT4
4 1-18
41
87
86
41 J
tt
40
IS .....
Net
Close, chge.
98
101
80 ,,,..
100
101
84
78
69
Local Bid and Ashed
Huff tc Pus t 0
do pret , , ,
TJAlritrln ,
Klec KtoraBo ..........
Uen Asp ....
do pref
Keintono Tclo
do t c ,,.,
do prcf
I.akn Superior Corp,,,
Lehigh Nav
Ihlirh Valley
Lettish Valley Tr
do pret ....,
Penna ,
Phlla nfcctrlo
Phlla Co
do n per cent pf..,,,
do 0 per cent pr,,,,,
Phlla RTtc
Iteadlns
Tonopah Belmont
Ton Mln
Un Trac
V a I
U S Steel
Tork Rw
do pref ,,,,,
Wm Cramp t c
Saturday's
Hid -k.
48VS 60
04 1111
7
Today's
TIM. k.
4S 40
nt mi
II.. IB., 7H 7SH
na',i asm 03 03)1
Hi :lt., 32 31
0'i o4l (in eni
14 14i 14H 14l
14 Hit 14 14f
(17W 00 OT (10
in(i ii m, ii
T8 irvW 74S TRJ4
42j 4a '.; t:
nn4 r.Jt nns bb
2RJ4 284 28M 3S
40 42 40 41
ST., 30 ST 3D
''J4 0.. s5i 4054
nK in 10 mi!
T., ot n HSU
J.H W n?(J (IS
80 J nay, snj, Rn
141 IS 14 ISM
3Sl4 ST , 3T 38
73 T4i 73 T4H
Financial Briefs
The Liverpool Cotton Exchange will be
closed the following Saturdays: July 29,
August 5, August 12, August 19 and August
26.
New Torlc banks gained 'from Subtreas
ury Saturday 82,597,000 and'slnco last Fri
day 17,081,000.
The Consolidated Ice Company passed
the dividend on Its preferred stock. The
company has been paying 1 per cent
quarterly slnco 1899.
Tho Now York Subtreasury lost $2,595,000
to the banks on Saturday, making a cash
not loss slnco Friday of 17,081,000.
Moro gossip on Heading nffairs was heard
In brokerage houses today. It was said
In ono uptown house that an announcement
of tho sale of the Iron properties was looked
for by tho end of the week. The price was
not mentioned, nor was the purchaser, al
though it was pointed out that It probably
was the Bethlehem Steel Corporation. The
company's directors do not meet until Sep
tember, the summer recess now being in
effect.
Tho Readjustment Committee of the
Pittsburgh Coal Company of New Jersey
has extended to August 15, the tlmo for de
posit of preferred and common stocks for
exchange for shares of the Pittsburgh Coal
Company of Pennsylvania. More than two
thirds of the outstanding stock has already
been deposited under the readjustment
plan.
The price ot crude oil was redaced at In
dependence, Kan., 10 cents a barrel today
to ll..
For the year ending June 30 the Con
solidated Gas Light and Power Company, of
Baltimore, had gross earnings of 17,431,769,
an Increase of 3042,367; surplus, $871,831,
a gain of 3364,003.
Edward It. Stettlnlua, of J. P. Morgan
& Co., has resigned as a director of the
Diamond Match Company. He la succeeded
by T. J. Reynolds, vice president,, who as
sumed charge of the sales department of the
company about four years ago. Tte satis
factory results accomplished In that period
are said to have been due largely to Mr.
Reynolds's efforts.
Some Inquiries for Copper
NEW YORK. July 24. Some inquiries
for copper are said to be in the market here
and business has again been offered to at
least one leading selling Interest If conces
sions In prices could ba Becured. Thus far
this dealer has rejected these Mds, although
the middle class of producers seem more In
clined to put prices nearer the view of the
consumers. The larger producers and sell
era continue to quote 29 Uc for October and
29c for November and December, but as
heretofore these quotations are merely nom
Inal, as no contracts have been made for
weeks.
LONDON STOCK .MARKET
Tone Is Steady Moderate Buying in
English Railway Issues
LONDON, July 24. Sentiment continued
cheerful on the Stock Exchange todax-and
the tone of securities generally was steady.
Firmness was noted in the gilt-edged sec
tion. 1
The war loans were given support. Ru
mors were circulated that Premier Asqulth
would foreshadow a new loan In his war
vote speech, but they were not credited.
There was moderate buying of home rail
way Issues. Eleven companies are expected
to declare dividends this week. American
rails were quiet and featureless. United
States Steels were good. Canadian Pacifies
rallied and Mexicans Improved,
Trailing- In Allied bonds was not brisk,
but they were steady, Mines and oils were
Inactive and mixed. Some, shipping Issjes
were strong and active. A fresh decline
In the staple weakened rubber shares.
London, n. X.
Atchison
Canadian .fac
Ches. and Ohta
Cbi Mil and St P., ,,,..,.15'
r.ris ......a,..,,.,.,....,
Illinois uemrsi . .;
Louisville and Nas
New Torn ceoirai
Pennsylvania H R
neaaina; , . . .
Southern Pacl
union j-i
U S 8teel
...,....,..A;ffom- iH
......... "ip -53i "
xw&v.i: g E m
noil
sjtf,fe)
lao ........ ..103 wt m
Union Paclne ,..,.. 1S4 ISgh K
a meet ,....,.,... sun 00
(-Increase. Decrease.
Orange Trust Company Closes Doors
TRENTON, N. J., July 24 The Mutual
Trust Company of (Vance ivas closed
today by order of State Banking Insur
ance Commissioner LaMonte. Examiners
have been going over the institution's books
for several day. Commissioner LaMonte
was In New York today and no particulars
about the closing of the bank wero avail
able at the State Banking Department The
trust company was established In 1903. It
had a paid up capital of tlOO.OOQ and de
posits of about 11,300,000.
BAR SILVER
Bar sliver In London was quoted at 20Ud
today, off 1-ltd.
Commercial bar silver In New York was
quoted today at S3 lie, oft He,
PLANNING TO REORGANIZE UNITED
' RAILROADS OF SAN FRANCISCO
Philadelphia Electric May Call Final Instalment of $2.60
a Share Tomorrow Big Tonnage on Railroads.
. tocal Trading Narrow &z
Local holders ot United Railways Int
veslnlent securities were Interested In the
news that plans are being considered for
the reorganisation of the Untied Itallroads
of San Francisco, a subsidiary of the hold
ing .company". Merits Rosenthal, a director
and chief counsel, and B. F. Outness, a di
rector and treasurer of the United 'Rail
ways Investment Company, of New Tork,
are In San Francisco conferring on the
plans. , ,
While they have not teen made public,
It Is understood that they provide for the
creation nnd underwriting of a blanket
mortgage covering the entire railway prop
erties and providing sufficient funds to pay
all underlying bonds at par and also giv
ing working capital tor tho company.
United Railways of San Francisco 4 per
cent bonds are to be paid off at 60, with
remaining equity of holders of these bonds
given In preferred stock. Outstanding
notes wilt be cared for by nn Issue of stock
In tho reorganization company.
The monthly meeting of tho Philadelphia
Electric Compnny board of directors Is
scheduled for tomorrow. At that lime, It"
Is said, action on the question of calling
a. final Instalment of $2.80 a share on the
stock and of a special dividend may be
taken. Owing to the absence from tho city
of several directors, however, tho' matter
may be postponed.
Railroads operating eastward from Chi
cago and St. Louis aro receiving enough
tonnage to keep them nearly on a record
level as far .as traffic Is concerned, although
there may be a falling off In the .volume
ot hew business now being received by tho
leading Industries, particularly iron . and
steel, according to statements of officials
of the roads.
They report that the big Industrial es
tablishments are continuing busy filling
orders and that this makes the situation
almost unchanged from what, It had beta
during the recent" weeks.
Trading on the Philadelphia Stock Ex
change was narrow during the early part of
tho dsy, with, little Interest being taken In
any of the securities, outside of Philadelphia
Rapid Transit trust certificates nnd Union
Traction. The former sold up a fraction, to
20, before tho end of the first hour, and the
latter advanced to 44. Philadelphia Elec
tric sold unchanged at 28H- Lehigh Navi
gation was off a fraction. United States
Steol common sold well.
Tho market remained quiet through the
middle ot the' day. After selling at 20U
Rapid Transit trust certificates fell to 30.
Huntingdon and Broad Top preferred broke
a point to 9, and Welabnch dropped IV4
points to 4i; United Gas Improvement ad
vanced a fraction to 88 and Philadelphia
Company cumulative preferred gained a
half, selling at 40. Notwithstanding the
news ot reorganisation plans of tlto United
Railways of San Francisco, tho 4 per cent
gold bonds sold at 75, n drop of H. Ar
bltrago Issues wero quiet.
PHILADELPHIA MARKETS
r
CHAIN AND FLOUR
WHEAT necelpts. 88.714 bushels. There was
a further advance of lc In this market, due to n.
fairly aetlTe demand nnd stronger Western aa
vlces. Quotations: Car lots. In export elevator
No. 2 red. spot. J1.20O1.22S No. J Southern red,
ll.18Ol.20i steamer No. 2 red, .l-l?pi'10!
No. .1 red, tl.lTQl.19! rejected A, 11.14H 0
l.iom rejected II. SI. 1101,10. . .
CORN Receipts, SOOO bush Offerings were
moderate and tho market. ruled steady ,thoun
quiet. Quotations! Car lots for local trade.
as to location. Western, No. 2 yellow. 91H OB2ci
do steamer yellow. OOM Olci do No. 8 yellow,
88MOMttei do No,. 4 yellow. 85H88Hc.
OATS Receipts. 33.000 bush. Prices ruled
steady with a moderate business. Quotations:
No. 2 white, 4DO40Hc; standard white. 4SO
4RMc: No. a white, 4M04TMiC! No. 4 white.
43H044HC! sample oats, 4QVitP41ViC! purified
oats, traded, 40O47MC. ...,. ,i.
kLoUR Receipts, 842 bbls. and 700.311 lbs.
In sacks. Demand was llaht nnd values Were
larcely nomlnsl. Quotations per IKS lbs. In
wood: Winter, clear. I4.7BOB! do, stralsht. 15
OB.26S do, patent. IR.23 OB.50: Kansas, clear,
cotton sscks. I4.00O11.2S: do. stralsht, cotton
sacks. tn.2SOS.S0: do, patent, cotton sacks,
JS.flllOB.TRi sprlnr, nrst clear, ISOS2S: do.
stralaht. l5.3U05.TSi do. patent, fB.7S08.lBi
do, favorite brands. f1.2Bl.B0: city mills,
choice and fancy patent, 0.25.BO: do. reaular
nadea Winter, clear. S4.TBOB! do. stralsht.
fSOS.SS: do. patent. iS.33OB.B0. .
11YB FLOUlt sold slowly and showed no Im
portant change. We quote nearby nt tl.BOO
4. 76 per bhl.. and Western at JDO5.D0 per bbl.,
as to quality.
PROVISIONS
There was a fair Jobblnr demand and, values
ruled nrm. Quotations follow: City beef, in sets,
smoked and atr-drled. 2Sc: Western . beef. In
sets, smoked, 28c: city beef knuckles and
tenders, smoked and alr-drled. ,20c: Western
beef, knuckles and tenders, smoked. 20c.l beet
hams. J28W30! pork, family,. I2TO2T.80: hams,
a. V. cured, loose, ISWlSVifc: dp., skinned,
loose. lOUOlOHcl do., do., smoked. 20H O
JOHc.i other hams, smoked, city cured, as to
brand and averase, lOHc: hams, smoked.
Western cured... 10ft e : do., boiled, boneless.
34c: plcnio shoulders, B..P. cured.. loose. 14ftcj;
do., smoked.- lBftc: bellies, in pickle, according
to average, loose. inHci breakfast, bacon, as
lo brand 'and average, city cured. Slc.1 do.,
Western cured. 10020c.: lard. Western, refined,
tierces. 14Uc.:: do., ilo..tubs. 14 c: do., purs
city, kettle rendered. In tierces, ltftc: do., do..
In tubs. 14Vic.
REFINED SUGARS
The marks! was quiet but firm. Refiners'
list prices: Extra flno granulated. 7.05: pow
dered. 7,TBc : confectioners' A, 7.03c; soft
grades, O.SOOT.BOc.
DAIRY TRODUCTS
IJUTTEIl The market ruled Arm under mod
erate ofTerlngs and a fairly active demand.
Quotations: Western solid-pecked creamery,
fancy, specials. Sic: eitra. 29030c: extra firsts.
2 Be: firsts. 27c: seconds, 26c: nearby prints,
fancy, 32c: do, average extra, aoOSlc: do,
Hrsts, 2TO20c: seconds, 20O20Hci Jobbing sales
ot fancy prints, 3SOS8c.
KOQS strictly npe eggs were In good request
and nrm, with supplies well under control. Quo
tations: In free cases, nearby extra. 28c per
dox.: nearby firsts. 17.65 per standard case;
nearby current receipts. fT20OT.B0 per esse:
Western extras, 28c .per doz.: Western extra
firsts. fT.80O7,SS per case: firsts. fT.20OT.BU
per case; fancy selected candled fresh eggs were
Jobblnr at 32 W 33c per dox. '
CHEE3C Trade was quiet but offerings were
moderate and vslues were steadily held. Quota
tions: New York, full cream, fancy, 15'iOlOc:
do. do, fair to good, lBOlBVic; part skims.
npnl J. T
POULTRY
LIVE The market ruled steady "under mod
erato offerings and a fair demand for desirable
stock. Quotations: Fowls. 18ftO20ftci
roosters, 13014c: spring chickens, according to
quality, welshing 102 lbs. and over apiece,
2402Tc: White Leghorns, according to quality
20O23c; ducks, as to site and quality. 140111c:
pigeons, old. per. pair, 2502801" do, young, per
pair, 20022c
, UHEaSKD Thero was a falr'demand for de
sirable stock and the market ruled firm under
moderate offerings. Squabs were higher. Fol
lowing are the quotations: Fresh-killed, dry
r lacked fowls, 12 to box. dry.plckvd. fancy se
eded. 22c; do. weighing 3H05 lbs apiece,
21Uc:' do. .welching 4 lbs apiece. 21ttc: do.
weighing 3ft lbs -apiece, 21e; ,do. weighing 3
lbs apiece. lHO20c. Fowls, tn'bbls. Ice-packed,
fanoy, dry-picked Northern .Indiana and Illi
nois, weighing 4 05 lbs, apiece. 21c: do, southern
Indiana and Illinois, welshing 4 lbs apiece,
20ftc: smaller sites, 18020c. Old roosters,
dry-picked, IBc: broiling chickens. Illinois, 28(?
20c: do. Indiana, 23020c. Drollers, Jersey,
fancy. 34030c: broilers, other nearby, weighing
1U Oi lbs solerr. 3O0S4c: broilers, nesrbv.
smnuer sizes, iv-uc;
luui'uc: squaDS,
1 lha nep dnz.
n10 lbs Mr dos. I4.SOOB:
Ins 8 lbs cer doz. i3.SO03.8O: do. .white, welsh.
Inv T.lbs per doi, f3O3.30: do. white, weighing
auDi inPrr po. -.av-i.i"; oo, nniie.
weighing nwHi ids per aos. s.z;
dark, i-'tp.ou; do. smau ana no 3,
FRESH FRUITS
Choice stock sold fairly and values generally
ruled steady under moderate offerings. Quota
tions: Apples, per bbl. Baldwin, MOO: lien
Uavts, 5tl; other varieties. fl.B0O2.S0; No.
2. fl.2302. Apples, Delaware- and Maryland,
per hamper- Fancv. tlOl.BO: fair V good. 33
OTBc. Lemons, per box. 13 BOOB. I'lneapsles.
per crste Porto Jtlco. f 1)6008.60. Blackber
ries. Delaware and Maryland. per"nt., 'ftc.
Huckleberries, North Carolina, per Qt.. SOfOo.
Gooseberries, per qt,, 8t4c. Raspberries,, red.
JM2.B0: do
70c CJ 1 1.23.
BIG DROP IN LOCAL DEPOSITS
1)8,102.000 2,7S3.000
TB.'OIO.OQO ifftST.OOO
21:602:000
8TS.OO0
Decrease of $13,180,000 n yreefc.
Loans and Surplus Smaller
"Aharjudrop of tll.180,000 In Individual
deposits -was the outstanding- (eatiire of the
Philadelphia, bank . statement this week.
Loans also declinedas did the surplus. De
tails .follows
Dlf. prsv. week.
July 34. 1U18, , Decrease.
TJMPJ ....fSlO.BTS.OOO. ST.ROS.000
Deposits (individual).,. 127,612.000 18.160.000
Circulation .,.,,..,.. , 440,000 3.000
Duo from banks.,,,,,. TS.Sls'.noo- S8.000
Deposits ot banks.::.!. 183,12.1,000 2,SS,000
Exohanra Clearing .. .,.. ..,
House .............. 1T.1T4.000 S.184,000
jteserye required
urpius
Huroli
under old
39. 1U10,
003,000
NSW YORK COFFEE MARKET
NEW YORK, July 2. The coffee market
opened steadier this morning-, wltli first
prices 2 to 3 points higher. SaleVon, the
call were 1500 bags.
The market after the opening- was quiet
and without special feature. Trading- con
tinued along narrow, lines and with prices
about at the openlns level after tho first
hour of trading-. The receipts at IUo and
Santos during- the week totaled 331.000
bars, which was 111.000 bass more than
last week and 68,000 bags less than In this
time a year ago. ,
The cost and freight market In Brazil
was reported as being- fairly steady." The
local market for spot coffee was unchanged
Jo for Bio No 7.
Today's open. Bat'dar's close.
December ........ 8.8108.83 8.54QS.65
o oins.oa
8.T4Q8.TB
8.8308.87
February ......... S.T0
March ..r... ...... J5lrM
Mar .,.,.,.,.,,,. 8.8708:83
NEW YORK BUTTER AND, EGGS
NEW TORK. July S4. HUtTEH Steady to
firm, trading In Una and .fancy tasla grades.
Receipts, 8413 packages. Extra creanltry. 2tlo;
Mfbar acorlng.rSVesOc. rJts,tsTalry. 27H
58ft c: IcaltsUon creamery, ,24ft 23e.
Jr.gpn-Flne ntulity .fair . and Anatr; .lowsr
rails lircjMUr RjmmIbI. It.m cafea. Wallta,
lMllsi 9"ar auetstlacs vsctaasd.
per pt., SOBc. Cherrles. New Tork,
8-lu, baiket. nsvoiw. unernes. eaun
n-r ft.llt hflftkpt. anmifh. Cherries.
nnd Maryland, sweet, per lb.i SOSc: do,
mir. tier lb.. SOGo: do. do. sweet, per qt.
Sc: do. do. sour, per at.. BOTc. riums. Georgia,
per crnte G0cCtl,7R, reaches, ueorgla, per car
rier ueiie, ll.nuwii, .iwn, ,i,viv,. Lam
uaitiornia, per rraie. Hwa,au; uo
liu
aonrr cer
Cherries, eating varieties.
veiawnr
s"'
lOUDCll.
Goornla. pr crate,
rmtft-
MiOOj do,x
i.uii, uu. ucianair sami
-i"s . Rltiad Kar. J- 4f.fc.
Csirollnn. per ntandftrd lc. IbcQl'Ji. do. do,
per n&t cratp, 8nD0c. Atermeloni, tout hern,
per car. 11500250.
'i
VEGETABLES
The general market was quiet 'and without
Important change. unerings were moderate,
auotntlonv White potatoes, per bbl, No. 1
a C1t.au fit atVf. XT ft EABaBn Ota
liAHlSrn OllDtT fSiltlW! 41Ui at renatciu UltBlCi
TBcOtl: No. 1 Norfolk, fl. 8001,70: No. J
Norfolk. Tjc. . Whlto potatoes. Jersey, per
basket. 40045c. Sweot potatoes. North Caro
lina, per bbl., f4.SOJS.no. Onions; .Texas, par
cummer crate No. 1, fl.40Ol.B0 No. 2. iO
i.zo. union, jersey, per nasaei, ,oovii no.
per nniKei, iivi.ou. ueiery,-ijorian.
Virgin a
per crate, f2 02.80. Watercress, per
bunches. tl.S0O2.S0. Peppers. . Florida.
per bbl..
Milan-
100
tier
carrier, tlWl.BiI. Kggplant. Florida, rr crate,
flOl. BO; do. Norfolk, per crate 12.2308. Cu
cumbers, Norfolk, per bbl., 3202.80: do. do. per
nalf-bbl. basket, l.'icmil no, ao, per one-tnirq,-
opi. onsKei. uvc; ao. xorm v.aroiinn. pi
flO1.20: do. do. per basket. 2.1040c
rooms, per t-io. oasKei. iivi,ou,
LIVE STOCK QUOTATIONS
CHICAGO, July 24. HOGS Receipts, 28,000
Market 10c higher. .Mlinl and butchers, fu.20O
111.15: good heavy, 19. 85910.18; rough heavy,
f0.osoo.3o; light, t0.30O10.0S; pigs. f8.eot
0.30: bulk, JP.3SO0.V0.
CATTLE necrlpts. 11,000. Market lOOlSe
higher, lleeves. f0.40O10.83: cows and heifers.
S3.TBO8.!0; Blockers and feeders, fS.lSOS.10;
Texans, tT.10O8.T0; cnlves, JU.S'iOll.TB.
SlinfeP Itecelpts, 10,000. Market lOe hlfher.
Native and western, f3.S308.23; lambs, 7.78
O10.S5.
DIVIDENDS, DECLARED
Borden's Condensed Milk . Company, regular
semiannual ot per cent on the common stock,
payable August IB. Hooks close August 1 and
reopen August 10.
Guarantee Trust and Safe Deposit Company,
regular semlanual B per cent., payable August
8 to stock of record July 31.
Do I-one illook and Eye Company, regular
quarterly 2 per cent., payable August 1 to stock
of record July 20. This is tho 04th dividend
of ths company.
stiiiiiiiiiiaiiiiiiiiiiiisiiiiiiiiiiii
I $300, 000, 000
jfj In Dividends and Interest ffl
ilgors will ba dUsurssd la July,
by Tslirsad and ladoitrUl esrasra-
SS tUat, U tecnrlty btUers as their
ibara ef lbs half.yttrly airniiti.
- tJTha irtipsrlty sf lbs eeoatry
A oeuld aet bs bstter tr men oca-
t-i-j cretsly ladlcatsdi aer eMld a
greater lacsntlTt bs produce! fer
; ths investment of surplus fnads,
' is tbs securities ef America's
' cardinal
F! Railroads and Industrials;
ISJ (J Oar free lavntsr! Tscket afaa."
nal, glrlsg Impertsat csrstratlsn
ZSS itatlstiei, will ba tsat upa r-
!2S3 qaeit. Aik fer 22-PX, UcllUag
SS beeklet sxplalalag
r "The Twenty Pyment Plan'
StfO
KKJmtvAc irtrkv' ' v
- (astsbllibed 1008)
S 40 Exchange Place New Yok j
SiiiuiiiiiKDiiiiiiiiiiraiiiiiiii
INCOME TAX
Proposed Changes'
Outlined for tho Information
and convenience ot busy peo
ple who nre subject to tax.
' By means of the chart con
tained in this pamphlet th
proposed changes in the law
may easily be comprehended.
Bend or tMt pomphUt, PZ-tl
N.W.'Halsey&Co.
1IM Cbestnot Bt., FbUaaelphla t
New Tork Chicago Ban Francisco I
BONDS
Carefully selected securities, of
proved merit.
Send (or Circular.
MELLOR & PETRY
.! ?1T..yri.U8iiaY.b0,
838 COMMERCIAL TRUST 8LDQ.
18 8QUTH BROAD STREET
INVEST IN MORTGAGES
AT 5,4
RtcommendacI by
BEN T. WELCH
1328 Cntnuf St
r,n
RtAZffiR6G3t
INVESTJIENT BANKERS
Broad and Sanson Sts,
WANTED
Dauphin County 0s St
REED A. MORGAN tc CO.
WV&1 ENU TBC6T UIDG.. PUILA.
Membtrs ef b Tblla, Stock Excbaajs
DUtECTQKx OF ACCdtTOTANTB
Oertlfltd f eblle Atrcoataats y
t iiv?Mci? n eaikWH A CO.
ISIS HEAL Eg-TAtaTHUBT BU1LPIHO.
BVUX A, BBmiXHAM
mmm eiv
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