EVENING LEDGER,- PHILADELPHIA, TUESDAY, AUGUST I, 191G.
FINANCIAL NEWS
MOVEMENT IN MANY
CHANGE IN SPECULATIVE CONDITIONS
Reports of Additional Orders
Order stocks, and They Show Vigorous Tone.
Money Working Easier
High Points in Today's Financial News
I Governors of reserve banks reported conditions good or satisfactory
throughout the country. Unsecured creditors began action in United Stales
nl,lriet Court in St. Louis to have sale of St. Louis and .7rui PrmmVn Knit.
ltd to New York organizers set aside.
July was uiuy nnyniiy uvave me low loiai for June, WMCtl. was fnUCIl ICS8
than that of the earlier months of the year. Iieserve banks showed earnings in
excess of expenses during last six months. Bar1 silver loiocr in Ncio York
and London. t Pennsylvania Railroad earnings for June and six months were
good, indicattng an unusually prosperous year. Prices of oil dnd gasoline
reduced by several companies.
NEW YORK, Auk. 1.
Changed conditions were Indicated In the npcculatlve situation by tho move
ment In many Issues In tho stock market today. Heports of additional war orders
brought In pood buying In many of tho war-order stocks, and thoy Bliowed a
vigorous tono during the first half of tho day, with tho greater part of tho gains
well maintained until tho close.
Tho bullish developments In tho motor stocks, including tho declaration of
the Initial dividend of 2b per cent on Maxwell Motors common and tho placing
of Studebaker on a 10 per cent basis, were, however, more than offsot by tho nowR
of the reduction in tho prico of Ford cars, which carried with It tho lnferonco that
ether motor producers would feol themselves called upon to take similar action.
Maxwell Motors was strong for a tlmo during tho morning, but after tho
declaration of tho dividend dropped 1 point to 81. WlllysOvorland dropped 2
points shortly nftor noon, with somo of those watching tho trading Insisting that
tho selling camo from Insldo sources.
Tho Marino Issues wero strong nil through tho day, both the preferred and
tho common stocks making substantial gains, and at times thero was strength
displayed In tho railway Issues, with Union Pacific moving up nearly 2 points and
being tho most prominent feature of that group.
Money is working oasler, with nn Increased supply of tlmo monoy offered on
mixed collateral at 3-i per cent for six months, while tlmo loans on Industrials as
collateral hnvo generally bocn renewed at 4 per cent.
Tho fact that nearly all tho July maturities were renewed In this way was
regarded as evidenco that nearly all tho accumulations of tho various Industrials
re still being held Intact.
Thoro was renowod German Belling of a number of Issues at Intervals during
the courso of tho day, including Atchison, Canadian Pacific and United States
Steel common, '
Reserve Banks Show Profit for Six Months
WASHINGTON, Aug. 1. A bulletin Issued today by the Federal Reserve
Board shows that nit Federal reserve banks for tho last six months showed earn
ings In excoss of expenses. During May two banks earned moro than six per
cent on their paid-in capital, throe more titan flvo per cent, three more than four
per cent, two moro than three per cent and two banks two per cent or less. Tho
prospects for earnings In the next few months aro very good, It Is said. Dividends
havo beon declared by tho Richmond Reserve Dank, Atlanta, Chicago, Dallas and
Kansas City.
Action Taken to Set Aside Sale of Frisco Railway
ST. LOUIS, Aug. 1. A motion fllod on bohalf of tho unsecured creditors of
the St. Louts and San Francisco Railway In tho United States District Court hero
today asks that tho recent salo of tho road to New York organizers for $45,700,200
be set asldo on tho ground that no provision was made for tho liquidation of tho
unsecured claims, aggregating J9,6GD,E76.17, listed prior to tho lien to tho bond
holders. About 200,000 unsecured creditors will bo affected.
COTTON PRICES UP
ON CROP REPORT
Covering1 General, but High Fig
ures Attract Some Realising
on Advance
COTTON BELT WEATHER.
.. NEW
YORK, Aug. 1. There w
WSE
tlenllr n
na rnliirail ntfp ths cotton
mnrnlnr. TutnnerAttirts M
central portion of tho belt un
Tnnporntiires wsit nun
unchnnceu
eltwhfr.
TIia rnlti
owlne tomprrnturfM wra recorded!
tulicTllle, 01! 1 Abilene, Mnn An
tlo nnd Wilmington. 121 C'linfta
manio ici
noorn, At-
ltnta. tinvnnnah aixl
Itnlxlrh. 71i
ll Corpus
.. Mobile,
Knoxflllo,
lirntl. Ilkianonis,. ew urienni.
Macon, . iiirminc nnur
uiisuiiui, at
lUKUfttn, inqmnsTino,
nruittii. Tlio
i'liiiFlhton. Inn
Tninpa
nil MarMRW.iiiiio.
Montgomery nnd
Fart Smith, Li
10i Shrerenort. Meridian.
ctnrurt, ii.pr.."....
in- una KnsliMI p. 1HI tiniresion.
Smith, Little Rock. Memphis nnd
iNHiimiif
Vlrbahnrip. Mil.
There urns .00
Inch of precipitation at
8 suction, ,11 nt isew yncansi .10 men ni
orpin cbxhttl and 1.33 Inched at 1'enincola.
NEW YORK. Aug. 1. Buying of a good
character caused a steady tone on the cot
ton exchange this morning, although prices
at the start showed declines of 5 to 8 points
In the active Issues, with August down 11
points. This range was about 3 points
better than due on tho cables.
Tho cotton report of tho Government was
us big a surprise to the bears as tho July
report had been to the bulls. It showed a
decllno of 8.8 points for the month and was
about 3 points under the average of recent
private reports. It Indicated oven greater
damage over the belt, particularly the east
ern half, than had been expected. Prices
Immediately Jumped IB to 10 points.
Just before the cotton report was pub
lished a canvas of 00 Cotton Bxchango
members showed an. average expectatlon-of
about 76.5 per cent, and prices showed a
sagging tendency, owing to a belief that a
comparatively low figure had been discount
ed, and that the moro favorable weather
sow prevailing In the belt, with the nearer
approach of the early movement, would
probably lead to Increased offerings.
Yesterday1
Cloio. Open. Hlrh.
Aucutt ..... 13.02 l'.'.VS 13.21
October .... 18.1 13.13 1S.H5
December . . 13.3U 18.31 13.110
January .... 13.45 18.40 13.03
Starch 18.61) 13.35 18.71
Slay 13.73 18.74 13.93
Bot ....... 18.20
Low. Close.
1S.S5 13. Jt
18.10
13.81
13.80
)8.S5
13.71
13.S8
13.33
13.28
13.33
13.31
13.03
Liverpool Cotton
LIVERPOOL, Aug. 1. Spot cotton to
day was quiet at 7 points decline on the
basis of 8.12d for mid-uplands. The sales
ggregated 6000 bales, Including 6300 bales
American. The Imports were 6000 bales of
which 4800 bales were American. The mar
tt for futures closed quiet at a net de
. Un of 4H to 9 points.
BUSINESS SATISFACTORY
THROUGHOUT COUNTRY
'Conservative Methods Expected to De
velop Lasting Prosperity
WASHINGTON'. Aug. li-Wlth tho ex
emption of New York, business conditions
throughout the United States for July, ac
cording to reports of governors of reserve
banks made publlo today, are either good or
satisfactory In the various reserve bank
districts.
In the Boston district Increases In gen
eral Industrial activities Is noted and In
Construction of buildings it is ahead of any
record during the last 16 years. Foreign
trade waa better than last month, but' not
up to the high point previously made. The
outlook Is for more conservative business
methods which is expected to develop a
Ciore lasting prosperity.
Crop conditions in New York are under
average and not encouraging. The con
struction of buildings, foreign trade and
bank clearings showed an Increase. The
outlook, however, Is reported to be
satisfactory.
"Without exception to any Jlne of Indus
try and finance. Philadelphia, Cleveland,
Richmond. Atlanta, Chicago, St. Louis. Min
neapolis, Kansas City, Dallas and San
Francisco report unusual prosperity. Labor
Conditions also are normal except in Rich
mond, where labor. Is scarce.
LIVE STOCK QUOTATIONS
CHICAGO, lur. 1 --HOdS Receipts, 10,000.
K. S"fH steady ig Bo lower JIImJ and butchers.
Mt iOWlo.UO ood heavy. 1
hf. J lOtMO.lQ; roush
r-Ttwts
ID ClMTJU 35
Hum. I9-J3Q IV. PU. "
wui. tf 00 w -.
7....r - L'-'z.rr.'
fteady.
ITBtr
Tuum.
Jtsves, 18.83610,28
cows and hellers.
SUMU,
Market
mere
I.7J.
i Mocker aad "s9lrs.
9 13WI
"MW"7.w,,ju,k.t.1.
STOCKS INDICATES
Results in Buying of War-
Corporate financing arranged during
New York Bond Sales
High. Low. Close.
4000 Albany & Sun SMs... 811 Kfi Hit
4000 Amer Cotton Oil Si.. 07 07 07
95000 Anulo-Frcnch 0s .... 03,4 05U DflK
3000 Amor Hide & L 8s... 10854 13 13!
718000 Amer For Sec Bi. ... UKJ 68 DM
nwiO Amor Smelt Sec fl 1U7V5 107H 10TW
BliOit Amer Tel cvt 4Hs....l08H liifts inn.
8U0O Amer Threat 4a USM (1HH UmU
CU0U Armour Co 414 a !3H H3H 11.1
17000 Atchlaon yen 4a 01'S -' t2U
1000 Atlan Co Lino lat 4.. UJ(i (UU V-
4000 do 4 '.is 81) S 80U 8'.l'J
11O0O Dnlt & Ohio 3H U2ti t)2 1124
141)00 do Ba KIIIH looS 1)0,
7000 tio 4s ooh " oo yoii
1(100(1 do CV 4V4 0B 04H 1IB
3000 do 1 Ii i5 k V V 4a 80 M HUJi
300(1 Italt ft O awn aw ... ODU UOU H0U
3000 Beth Steel 1st B 104 104 104
luooo do rfd Bs 100 inovi 100H,
L'OOoo Brook Hap Tr Bs lvlH.looti lontf kkh,
11000 Con Gov 4s 1021.... U0U UVS UUlk
(I00O do 1D2B 0u Dftfi l'7
12000 do 1031 100U IOOH 100K
130(10 Cent Leather 1st Ba..l01 101 'J 101H
SIIOII Cent PHC 1st 4 SHU 88( HhU
12000 Chill Copper 7s 128i 128(4 12.1J4
10000 Ch.s & Ohio 4 Vi 80I 811 W 8 11
BB0O0 do conv Bs D8& S3H 03K
1B0OO Chi i- Kast III 4a Ml 81) Ml
12000 Chi 11 i Q joint 4s... DTK DTK U7S
4000 Chi Mil & HI 1 gen 4s, DA(i DO'J llllti
21000 da cp B 103 103 103
4A0OO do CV 4Vi lOOU 100U 1U0U
27000 Chi IIUI' rfd 4s.. 72C 72I 72H
24000 do B eiVt OlU 1H
5000 do 4s 84 84 84
i:000 Col Industrial B 70 70 7(1
X000 Coi It South 1st 4s .. 01?i 01K 01K
10000 Col P k I 4H a 01 Ul i 01i
0000 Con Qaa conv 0s 122U 122 122
B000O Del & Hud rfd 4s .... SK 08K 0SK
3000 Den A ltlo Or rfd Bs... 83 83 83
1000 Urlo conv 4s Sr H... 71, 71., 71.,
0000 do conv 4s Brr D, 84VI SI'l 8lti
2S000 Hud & Man In Bs .... 27J4 27U 27H
83000 do rfd 6s... 70Q 70(5 704
3000 III Steel deb 4Hs .... OOU 004 OoK
1000 Iowa Cent ref 4s .... 68 68 68
2000 Interb Met 44 a 7H!4 73ft 7314
3SO00 Interb It T ref 3 08 07 08
101000 Inter Mer Mar 4tts.. 10514 106H lOBft
10000 Internl 1'apor cvt Bs.. 02 02 02
S000 Japanese new OBIHilll, 81 HI
1000 do new 4V4 83U 8SVi 83V4
3000 Lex t Erie Bs lOlft lOl'I 101 '4
11000 Lacka Steel Bs 1050. . 02K 02K 02S
1000 Laclede Oas 1st 6S..101K 101H 101S
1000 Leh Val It 11 con 4V4 00 00 00
0000 Lis- A At T Bs 100 100 101)
10000 Lou Nash sen Oa ,.112 lit , 112
1000 Manhattan 4 80 80 S0
10000 Minn A Bt L 4s 60 BUJi 6U
4000 Atlnn St P 8 B Al 4s.. 02 02., 02 ,
12000 Mo Kan A T Bs 07 07 07
B00O Mo Pac cr ata 4 47 47 47
2000 N T Air Uroko cvt Oa.102 102 102
1000 N Y C Ij 8 arte 76ll 7Sli 7SW
mitnnn w r jl 11..J a. 1 tt Hifi 11111
UUUUU in 1 i t 41 Ul ua,tl,,ii. At.7M AAA
10000 N Y C A Hud 4 Vis... 02!l 02 02
12000 N Y Chi A St L 1st 4S B2H D2H 03
1000 N Y City 4Us 100O.. 102 102H 10J
1000 NY City 4W May 'S7 107 107 107
1000 N T N II S II Us.... 112 112 112
4000 N Y nwy ad Bs 68 38 68
11000 N Y Tel uen 4 a .... 08 OS 08
4B00 Norf A West ., 02 02 , 02
70000 Nor Faa prior is .... 01 01 01
1000 Ore Short Line Ss,,.,10 106 106
4000 Pacinc Tel Be ..,...,,100 100 100
10000 Penna 4s 1048 00 00 BB
1000 do n cta ,,,.,101 101 101
17000 do en 4 a ........ 104 104t 101
10000 People's Oas Os 100 100 100
8000 Public Serv N J Ba... 03., 02 02
30000 Headlnr fen 4e 05 OB OS
8000 Rep liBS 08 , 08 08
10000 It Or A W cit 4a 1S18 07 07 7
7000 do 4a 74 74 74
2000 Bt L A B T ad w I.. 80 80 8ug
25000 do Sr A w l....... 68 07 68
1000 St Paul Jl A M 1st 4a. 06 Oil 06
2000 South Pao 4a , , 84 84 84,
17600 do CV 4a 86 .86 86
17000 do' cv ret f p 6s, ,,,103 103 103
1000 do rfd 4s ......,,, 00 00
78000 Bouth llwir sen Is... 71 70K 7
1100O Jo con Bs ..101 101,, lol 4
3500 Tenn 0 ret f P ...... 01 OlH oiK
Willi t.ik 4 Pier 1st Bs.. 07 07 07
11000 Texas Co cv Bs ..,.,104 1J4J4 104
3000 Third Ave ar Ba..,,,. 78 77 77
aOOi
(17000
unrt
IBHiUl TTnfAn P.n 1st 4a 07 07
-.n. iiLiT . . ... J. (i,. nt. mi
28000 UnKws S FJ..,,.. 37 36 37
1000 Va Os llrown Hros.,,. Bt Bl Bt
8000 Va Car Chra 1st Os,,. 07 06 0
SOOO Va nwy Bs, ...,,,. ...08 08 08
8000 Wabash 1st fa. ...... ,10J loi'l 103
BOOO West K tctrlo Ss...,.iot 101 101 J4
iOQD W K A At cv Ba w I, ,116 ll8 118
NEW YORK COFFEE MARKET
NEW YORK, Aug, 1. The market for
coffee futures was neglected this morning
and there waa no transactions on the call.
Today's Ycstsrday'a
opening:. cloae.
sXXIbeV ':;:::::;:; ;t.vojv.66 : j 1 1:
October ., ...,.,'t.li S-i?!?i
November ,. ..,.. .. . rSiKa'an
December ,., ,..01 S'SfSIsS
January r-?3I-SS
mIVc"''.:.:;::.;;'.::: .).'6v:i& 'M$Ut
ADril . .;....;........ ,I'80 H.83g8.84
MaV..V.V.... t...... S.830J.9B gg
July ...
Bid.
Sugar Futures Show Declines
. NEW YORK. Au. 1 Sugar futures
opened quiet and easy, first bid prices show
ing declines of 4 to 8 points, with sales on
the call 150 ton. Sentiment on the ex
change waa very unsettled, due to the dull
refined market and -rather free offerings of
spot Cubas. which remained until taken at
the close last night
Money nnd Discount in London
LONDON, AUsT. 1. Money, i per cent;
discount short Mils. $ per cent,
Three months' bills, 5HOH,
U a Itealty os .,.,,. e . oa nv.
U a Steel S P 5s.....I05 105.. 103
Ht a V rmB Am 103U 103V1 10SU
01
New York Stock Sales
I,nt close. High. Iiw. Close.
AcmeTcalstpf 00 98 OS 08
Alaska CJoldM 17H 17H VH 17Jf
AllU-Ctialmtre Mf pf ... 74 74J4 74M 74H
Am Ar Chemical ...., 09 715f 09K 70H
Am Dcet Bmrar, ...89 ROW 88J BW
Am Drake 8 & F pf....,103 lOT 105 105
Am Can 6M BOH Cfi'a 5fiH
Am CM Fdy. 68l SOW .r8H fiOH
Am Coil rroduefc.. 1385J 142 141'-t 142
Am Hide & leather 10 10! 10't 10J
Am Hlde&Lc.itherpr... 63H 54i mt 04
Am Ice Securities 27H 27H 27JJ 27H
Am Locomotive 00H 09!i 07H 09J4
Am LocomotUe pf...,,..101 10H 101 lOHi
Am Smelt ft Kef 04 03J 03H OW
Am Smelt & Re pf 1105f 111H 11M HUi
Am Steel Koundrlei...... 62H o21f f2 52
Am Tel A Tel 120H 120U 129)f 129!
AmTobaeco 224 2231S 222 222
Am Wrltlnj P pf 23 2(1 20 20
Am Zinc LA Km 33M 34W 33 34
Am Zinc A 6m pf 02 W 02 H 02H 02 U
Anaconda Copper M 78M 70H 7BU 70!i
AlchTopABF 103 103 102U 102H
Atch Top & 8 K pf...... 99 98H 08W 08H
AllnnltftWl 03 OSJf 03 03H
Atl Oulf A V 1 pf ...... 04 MH 04 04
IJald Loco Wkj 70U 724 71W 72
naltAOhlo 8fljj- mi WW 8oW
IlaltAOhlopf 74W 7AH W 745f
Drooklyn Hap If Wl W.l RIH R4K
Brooklyn Union CIm 120 129 120 129
Duttn A Supcrtor "0711 08!f 07U 08
Cal routdeum 17H 1SU 18 18
Canadian racinc 177 177H 17fl!f 170
Central Leather M) 54U !A)i 64'f
CenUal Leather pf 112 112 112 112
Chandler Motor 104H 105 105 105
Chlto Copper 10H 201 20J 20W
Chlno Copper 47H 47H 47H 47f
ChlcagoarcatWe.it 2i 12) 12) 12!t
ChleanoMIl A St Paul .. 04t' 00 05K 90
Chlcaw Mil & 8t V pf . .i28H 128)i 128 128
0 0 0 A St I. pi 80H 80)1 80H 80
Chicago A NorthiTtatern. 128 129 129 129
Chicago R I A Pac 19M 10W 17 17J'
Cluctl, Poa A Co 74U 75 75 75
Col Fuel A Iron 43K Wi 44 44
Continental Can pf 108 107 107 107
Consolidate das 1.33K 135H 134 135
Corn Products Ref 14 13)f 13M 13H
Crucible Steel 08U 71) 09)( 09'S
Cruclbk) Steel pf 110 110 110 110
Cuba Cane Sugar 50 H o0)i 59 59
Cuba Cane Sugar pf WW Ot!f 94 VH
Denver A Rio Or pf 31H 34 .34 34
Krlo 3- 351 35 35JI
Erie 1st pf 52 52! aH 52H
FrdMlnASmpf 3(U' 35M 35H 35H
Oeneral Electric 109 109'i 109 109H
General Moton 500 500 500 500
General Motors pf 11515 118 110 118
Orceno-Cananca 40 40VJ 40K 40i
Goodrich U F 72K 72H 72)' 723'
Great Northern pf.. ...... 117k 11711 117 117
G N cfs for ore prop .... 35 35 .'15 35
Illinois Central 103 10.3 102103
Int Agricultural pf 43W 41 J4 4IH 415'
Intllarv Corp'n pf 109 108H lOSh 108M
Int Paper 14H 14i 14 14h
Int.Paporpf 05W OOJf 05- OOlf
Insp Con Cop mi 48 47!f 48
Int Nickel r t cfs 4 0' 44H 41 44
IntMMcofdep 20 204 251' 20
Int M M pf c of dep . .. . 88 S8H 87'' 88
Kelly Spring Tiro 71Jf 71M 7Ui 71M
Kennecott Copper 45 45H 44)1 45
IiclcSteolCo 71 71 71 7t
Leo Rubber Tire 44 44 41 44
Lehigh Valley 77U 773' 77 J 77M
Mackay Cos 81H 8134 81!i 8Ui
Manhattan Elor gtd 129 1203' 129!i 129'
Maxwell Motors 8131 82 80)i 81
Maxwell MotOM 1st pf.. 87 B7U 8714 873'
Maxwell Motors 2d pf.. 57H 58f 57H 58
Mexican Petroleum 98H 9S3( 903' 083i
Miami Copper 34K mi 33H 3.134
Minn St P A S S M ,...1233i 124 1233s 124
Mo Kan A Texas 4 . 4 33' 3K
Mo Kan A Texas pf 12 11U 11 11H
Missouri Paclfle 6Jf 5W 5Ji 651
Missouri Pacific tr cfs.... 5)7 53 5 5
Nat Biscuit 120H 120'' 1203 120!i
NatEnamASCo 233i 223' 2'J' 223'
Nat Lead Co (KUn 03 03 03
Ncv Con Cop 10!' 17M 17 17H
New York Air Brako.... 128 129 129 120
New York N II A II.... 683f 503' 50H 59)1
New York Central 103 103K i03H 103)f
New York 0 A West.... 20 20H 20M 20M
Norfolk & Western 128 128 128 128
North American 08 08 073i 073f
Northern Paclttc 1103J 1103' 110)t 110J4
PaclllcMatl 20 20 0 20
Penn Itallroad 50)4 55J 55)' 5531
People's Has Chi 102 101W 101 101M
Philadelphia Co 30!4 3U3 3U)f 39U
Pitts Coal CO N J 20)i 27' a 20i 27H
Pitts Coal Co c of dp.... 20 27J4 20)t 27W
Pittsburgh Steel pf 98W 933$ 083 983
Preosed S Car Co 47(4 48 47)4 474
Pressed S Car Co pf lOOtf 10034 10034 100H
Ry Steel Sp Co 43 . 43 43 43
Ray Con Copper 23 22W 22M 22i
Reading 95)' 9534 05 05H
Reading 2d pf 44 41!f 44f 44)
Republic Iron A S 17' 47W 47J 47i
Republic Iron A S pf.... 109)4 109,'i 109)1 109)i
Sears, Roo A Co 200 200H 200 200
ShatArlrCop 20 20 20 0
Slossihcf S A 1 433i 4iH 44 44Jf
Southern Pacific 07M 08 U7J4 08
Southern Hy 22) i 23) 22)i 23
Southern Ry pf 67 07' 07K 07H
Standard Mlllln: rts H H ii ii
Studebaker Co 127i 12S)4 1203i 127).
Studebaker Co pf 100 110H 110)4 110)4
Tenn Copper 253' 25)i 25 25H
Texas Co 105 105h 104 194)f
Third Avenue 62 62 OHf 01)
Union BagAPpf 30K :40H 40 40)i
United Cigar Stores 08M 09H 98 994
Union Pacific 1305' 139)1 137H 139U
Union Pacltlc pf 82)4 82) 82); 82H
U B lnd Alcohol 10a 111)1 105)1 111
U8CIPAF 20 20)t 20)1 20)'
United Fruit 1503X 167)1 157 167)4
UnRysInvCopf 23 22 22 21
U S bteel Corp'n 80)1 b7 bOJ-i 87
U S Steel Corp'n pf HOW 117 110)i 117
Utah Copper 70)4 70H 76H 70H
Va-Caro Chem 30H 40 303i 40
Wabasn pf A 50 60)f 60)4 60H
WelU Fargo Exp 127 127 127 127
West E AM., 67J4 58i 07)4 57)'
West Union Tele 02H 03 93 93
Weyman-Bmton 225 255 235 265
Wisconsin Central 49)4 60 60 60
Willy Overland 68)' 6SU 50 56)4
Woolworth F W 130H 137 1304 130H
Quoted ex dividend.
FOREIGN EXCHANGE
NEW YORK, Aug. 1. Only a limited
amount of business was transacted In tho
foreign exchange market this morning, with
mixed changes In Quotations. The tone was
steady. Demand sterling continued at
4.7S 13-16 and cables at 4.764, but 60 days
Is H higher, at 4.71, and 90 days Is held
at 4.694, compared with 4,694 to 4.69
heretofore.
Francs are unchanged at 6.90T& for
checkB and 5.80 for cables. Relchsmarks
continue at 71 13-16 for checks and 71
for cables, and Vienna at 12.30 for checks
and 12.36 for cables. Lire are about H
higher at 6.48V& for checks and 6.48 for
cables, whllo Swiss checks are up to 6.29,
cables being unchanged at 5.28H- Scan
dinavian kronor have declined 10 points to
33,70 for checks and 26.80 for cables, and
rubles are off 6 points at 30,40 for checks
and 30.46 for cables. Pesetas checks are
quoted at 20,10, as compared with 20,16
heretofore, and cables at 20.20, against
20.23; guilders, checks at 41K Plus 1-16,
against 41 flat, and cables at 41 7-16 plus
1-16, compared with 41 7-16 heretofore.
A slightly increased demand caused an
advance In sterling rates after the start,
and around the middle of the session de
mand was up to 4.75 13-16 O 4.7S Ti. w(th
cables holding about 4.76, Others were
unchanged. There waa no pronounced In
crease In trading, however, and the advance
In demand was described as "a flash in the
pan."
RATES FOR MONEY
Call. Tims.
New Tork ,2 03 8 4
Philadelphia ....... ....... i 4 9,,
Bostoa 3 4 g4J4
Cblcaro 8 04 4 04
BANK CLEARINGS
Bank clearings today compared with corra
apondW oajr l.at two wwi.
. ..v.::,:al:!IS li.?H?i 'BSfocli
New Tork ..48J.T49.Saa 48T.Bn.J95 2iT.8TlS34
Baltimore .. S.Ol-.B'JJ 8.408,391 ..
CfcUiSO . T8.43T.8aa 88.529.416
Fine Granulated Sugar Active
NEW YORK, Aug. 1--Flne granulated
sugar was a little more active today with
alt refiners quoting 7.5x The last sale of
spot Cuba raw was at 6.370, 1$ points
higher than Mondays opening.
WHEAT IS STEADY
IN CHICAGO MARKET
Apprehension Over Crop Outlook
in Canada and Foreign
Buying Helps
ciKAiN nEr.T wrAT!ir.n miti'i'AST.
t'lltrAOO. Ane. I, The weather forecast
for 30 hours follows: .
Illinois Pnrtljr clntiilr (onlclit nnd Med
ncrMl.iyt sllrhtlr warmer,
Mlmonrl t'nrtlT flood- tonlsMt WfdnM
Uar, aenerallr fnlrt ullshllr wnrmpr north.
Uldfonsln 1'artly rlomlr lonlnlit nnd
IVrilne'daj'i prnlmblr shourri went lonUlitt
somewhat wnrmrr Uilnrdaj-.
Mlnnpentn Pnrtlv flnnrir Innlslit nnd
Vdneil.o,l nrnhnhlr llmnder hoer onlli-
mt
tni nnernoon or innianti somfHiini
warmer wet
tnnlaht nnd rmt nnd snntli
nrrtneeunr.
. iowa rn.fiiifd
tlile nflfrnnnnl
I Xilndiirl 1
nitrllr
rlotidy lonlaht nnd Wfilncdnrl Kllitlitly
wnrmrr eat ionium 1 wnrmer nrnnpsnnr.
North llnkota (ienrrnllv fulr lonlalit mid
WeilnMdayi sllstillr nnrmer ent loMBhti
allehllr rooler etlnpdnv pi nnd rrnlpr.
.South llnkntn Oenfrnllr fair tonlalit nml
tVetlneeuayi wnrmer tonltlit north nnd wet.
nnd mt Wedneprtan .
NfbrnUn nnd Knnno (ifnernlly fnlr Io
nian) nnd Vcdnrf.d.iri stlililly wnrmrr
M'ednrediir,
CHICAOO. Aup;. 1. Further npprohen
slnn over the crop outlook In western
Canada nnd tho Amerlcati Northwest,
coupled with a belief tlint foreigners were
buylntf moro than wns belnB reported, re
sulted In a steady absorption of whinl by
Important Interestn' nnd nctlvo covorlnR hy
shorts, which materially HtrenBthened tho
market after a lower Mart today.
Soptembcr ended at top nnd December
only Ho below tho beHt. The Initial de
cline followed Improved weather conditions
In tho Northwest and an enlargement of
tho movement of winter wheat, which tem
porarily countct acted tho effect of reports
of further Injury to tho sprlnr; crop, which
continued to pour In from ninny Houircn.
It wan reported that S00.000 bushels hud
been worked nt Omaha for export.
Tho visible supply In tho United Stnte.i,
according to llrndstrccl's, In 49,591,000 bush
els, nn Increase of 2,705,000 busheli for the
week, In Cnnada It Is 31,222,000, a de
crease of J!,H8,000 for tho week.
In Europe (Continental stocltB omitted). It
Is 83,900,000 bushels, n decrease of .1, 200.000
bushel, for tho week. The total American
nnd Kuropean supply Is 164,713,000 bushels,
a decrcaso of G, 042,000 bushels for tho
week.
t.cudlnc futures ranted as fallows:
Wheat Ycstcrdny's
upon, Hlh. Ixiw. t'lo. rloe.
Rent.... l.uoje 1.24'i l.sn l.'.MVl 1.21
Dec. ... l.'Jl l.i'S'' 1.234 tl.118 1.34
(orn (new delivery)
Aun.. .. "SOVi
Sent.... 78 7R T7 ; '7
Doe 07 07 004 "117 t07
Oats
Hept 40 41 10 -40 10
Dec 43 43 , 421. 1,1, tIS'i
May 4.1 10 15
I.nrd
Gept 12.07 12.70 12 112 M2.7II tlS.OS
Oct 12 07 12.72 12.11.. 12.72 12.(12
nibs
Sept.... 13. 12 13 r.O 13.42 Mn.47 13.40
Oct T18.30 U3.I7
Tork
8ept 24.33 21.07 24.55 24.07 24.00
Did. TAskcd. tNomlnnl.
"Wheat Steady nt Liverpool
lilVI'IU'OOL. AUK. 1. Spot wheat waa
steady today, with No. 2 hard winter quoted
nt 12s Id; unchanRcd, So. 2 red winter,
lis lid 1 No. 1 northern Manitoba, 12b 2d.
unchanged, nnd No. 2 northern Manitoba, l'.'s
a decline of id. Corn was quiet, with Amor
lean mixed at Id lower, at 9s lid. and Pinto
unchanged, at 10s lid. Flour was 41s Gd.
Tho recolptB of wheat In tho last tlirco days
were 334,000 centals, nil American,
receipts of corn were 13,500 centals.
The
LOCAL MINING STOCKS
TONOPAH STOCKS.
Hid. Asked.
Jim Dutler KT .RS
MurN'am.ira 01 . .0')
Midway , 10 .21
Mtzpnh Extension II) .20
Montana 21 j .2(1
Northern Star ,17 .IK
Tonopnli Iielmont 4 4
Tonopali Extension 57 5
Tonopah Mining; O
KnscuA ula 25 27
West Hnd S3 .85
GO'.DFII'I.D STOCKS.
Atlanta 10 ,11
iiiue iiuti 02 'n.i
Month 14 .15
lIUlldoK 01 ,02
COD , 03 .04
Combination Fraction 05 .08
IMamoinintl.l II II 02 .0.1
Daisy U2 ,01
Florence 40 .44
(loldfleld Conenlldatod . ., 8(1 .H
Jumbo I'xtrnslon 75 .77
Kowanus 11 .12
Oro ni .05
Hand Ken 04 .05
Sliver Tick 12 .13
MISCni.LANCOUS.
Fairy Aiteo 01 .02
Klmberiy "1 .03
Ne?di Hill .11 .18
Nevada Wonder '-'."; 2.15
Tecopa Mlnlns (' .IB
RAILROAD EARNINGS
PENNSYLVANIA 8TSTEM.
LINES KAST.
Total op. rev J24, 000.785.07
Operating Income.. (1,020.700. 51)
From January 1
Total op. rev 140,757,512.5(1
Operatlnr Income.. 34.205.ouo.B7
LINKS WEST.
To'taP'op. 'rev 12.n04,274.54
Operatlnc Income.. 3,202,304.11
From January 1
Total op. rev 160,817.51(1.80
Operatlna lncomo,. 10.502,(103.01
Increase.
J3.024.S27. 80
1.124.370.30
2S,4R,1.741,nfl
14,200,874.0(1
I2.405,oon.no
037.072.83
17,820,589.07
7.01)2, 120. DO
LINES EAST AND WEST.
Toufop. rev 137.314.000,51 (1.110.418.(1
Operatlnc Income.. 10.222.10U.70 1.701.443.15
Total,op'!rev.r.V. .7i2in,B03.OI0.30 4(1,315.230.11.1
Operatlnc Income.. 50,707.751.48 21,050.004.40
PENNSYLVANIA nAILTlOAD.
June Increase.
Total op. rev 110.384.103.2(1 2.(((12.2il.40
Net rovenuo 5,800.697. S3 710.402,40
From January 1
Total OP. rev... ...111.044.102.09 23,483.188.28
Net revenue 30.740. 050.14 10.942,700.03
PENNSYLVANIA COMPANY.
TouPp! rev 10.813.720.43 11.403.551.40
Net revenue 2.415 17S.8H 423.249.45
From January 4
Total op rev,
35. Al 4.201.30
11. 205. 124.22
10,307,088.21
5.0(3.332.(10
Net revenue...
PITTBllURQII,
CINCINNATI.
ST. LOUIS.
CHICAOO AND
June
Total op. rev.
(4,110.023.80 t788.525.B5
1.0C(1.Oj3.02 218.S80.ST
Net revenue...
Vmm lammrv 1
Total op. rev...... 24,304.073 25 H.024. 482,07
Net revenue (1.302.273 51 2.304,200.01
MISSOURI. KANSAS ANO TEXAS,
Juno sroe t2.044.O47 1204,810
TwelvS months' cross .. 32.483.50S 3l3.231
CHIOAUO AND NOIITIIWESTEHN.
June cross '8.118.044 $1, 300.034
Twelve months' cross.. 01,313,813 10,534,100
Decrease.
NEW YORK BUTTER AND EGGS
NEW YORK. Auc
(..,. Arm I(rAln(H
Auc l.UUTTEIl Fairly dull
ilpts, ?;i,i(iJ uxira cr
23.703 Extra creamery.
30c: nisner sronnc, oui waj?
,.u .... ..-.--. -,i -,-,
sic: stale
. 23025
icarce ana
dairy,
luli.ALn imltulian rr.jimt
Hilt-
ifOQH Fancy goods very scarce and hlcher.
ZMnC, lmuanun rreuiutiy.
Averata quality
quality presiea lor sale. iteceinia.
Extra 382c. extra. ft. 28 tf
21.043.
29 c;
32U44;
tlrsts, 20 Wlixz: white.
301940a; brown.
mixea colors, wjs.
DIVIDENDS DECLARED
Renfrew Manufacturlnc Company, recular
Quarterly 1 ver cent on common, payable Au
cust 1 to stock of record July 28.
American Cotton Oil. recular quarterly of 1
per cent on common stock, payable beptember 1
to stock of record Ausust 15.
Studebaker Corporation. 2 per cent on com
mon and usual quarterly of i per cent on pre
ferred, both paable September 1 to holders of
record Aucust 21.
Munition Contract Suit Dismissed
DAYTON. O., Ausr. 1. An action of the
Flatt Iron Works Company and the Brow
nell Company here for $722,974 a-ralnst the
Canadian Car and Foundry Company over
a war munitions contract has been dis
missed following the completion of negotia
tions in New York.
DIVIDEND NOTICES
THE
LEIIIOll
COAL A Nil NAVIGATION
i-miPAWV
FblladelpMa. June 28. IBIS,
Dividend No. 151. . ,
The Board o( Manacera this day declared a
uirterly dividend of to Dt eeni. isi.vg pr
sb
iWSI v vne T. i7i . a T. . -",-'."'
" i"o;K-,ivii-fvuthVim"nr; :?
S o'clock p. m.: July SI. Wlo. Check, wfil bi
mailed ta .stockholders who bats BId cwruianent
dltldend orarp. umj pBA8B
Sorxanr.
LKC1AL ADVEKTISK11ENT8
iSS JOSEru Hjduauun aiui mu.1
iv I'EL ii nave ' ."" u
flrm of A. Welrutelo JC. All UablUUm ri
Jut
i assumed by ilr. A. wtuisuw
j"6?m A WEXNSTEIN ft CO.
Sales in Philadelphia
Net
... , . Hlh. Low. Close, ehte.
too Am Loco.. $tt " Vi 1W
100 Ha Vo ... 78 Its 72 1
15 D&3 t C pf 54 54 54
11 Cam Iron.. 4 4& 6 H
400 C, n I ft P 10 1 10
oa Kieo stor.. eon osi u W
15 Ins Co NA H & SH Y
802 Lk Sup C. 1094, 10.i 10
lh Val... 77H 77 17H H
12 Mttlo Kch.. 53 S3 53 1
20 Mlnehlll ,. 57i B7V4 67V4
48 Penna It n.3fl 64 58 H
lo ih rocupf soi so so
724 1'hl'ft Klec 25T4 Z t Vt
40 l'hlla II Tr 104, 19U 194
40 lo tr ctfs I0H. 19VI 10 4-
to "ten.lltlK .. 03H 05 Vi 9X'4 -fi
r.O Ton Hel . . 4 , 4 M, 4
142 Union Tr., 4Vi 4 " 'A
50 Utah Coper 707 76 ' 7T. K.
Ill.Unl Gs t 57 87Tfc "7 4-
1123 V a Sliel. 87 S6 87 b
ftO.WolKbnch ,41 41 4t I
i dividend.
Increase. t)ecren;c.
IlllNDS. Net
"(Ith. I iiv. ' ,'. c.m .
K500 AmCiM'.lts. ot 01 01 .....
200d llivt.o W'h.IIU'A 1i V I...H - Vi
100 City 'Z cp.lOIyi 10IV4 10IW
7001) l&I'eoTMs .10 SO 80 t
toon ij III i: Ba. loo ion 100 4- i
inoo LkS Inc Bs 83 S3 n.l I'S
5O0O I. V f-n 4s. 01 01 01 V.
.1000 1. V cons
Pis 2003. -.(, DOTh OOtt . ...
3.n Nntl'r 4-0b 70 (mh W
looo I'nrocn .I0IV4 101 Vi loll Vft
loon l'hCocns 15 88V4 OHH hf..
17000 I'hColst bs.101 101 101 4- 'ft
7.100 lhlia Kl 4n 83 R44 85 '
llf.on (lu Ca . 103 10Vi 103
10011 Itcadc Kil4 0.1 Mi 03 0.1H 4- Vft
looo tliiHylnvGs oo 00 00 V4
Increase. Decreiise.
STOCKS ARE HEAVY
ON NEW YORK CURB
Rynn Issues Only Ones in De
mand Largest Trading
in Aetna
NI1W YORK, Aup. 1. Outside of the
I'.yan Mocks, which continued In good de
mand, with both tho Slromherg nnd Stilt
Issues showing a firm tono, tho Curb mar
ket was generally heavy and prices of near
ly nil tho other Issues Joined In moderate,
declines. Tho heaviest trading wns In Aetna
KxploRlVcs, which were offered down from
lO'.i to 04, although reports were current
that new nnd strong Interests wero accu
mulating substantial linos ot thesa stocks.
Flemish Lynn sold down to 2, nnd Kntho
dlon Dronze preferred sold down 1 point to
20. Chevrolet dropped 6 points, to 202, nnd
a fractional loss was unstained In United
Slotora.
Tho mining stocks wero also In supply
at concessions, but changes In thoco Issues
wero comparatively small. There Is a heavy
tono again In the Independent oil stocks,
Cosden & Co. selling at IBM, and Cosdcn
Oil ranged from 12 "i to 12.
INDUSTUIAI.8.
Illd. Asked.
Aetnit Explosives n ll'i
Amcrlcan-llrltlsh JlffT IB 20
American Marconi S 3
Canadian Car Co 45 BS
Cnnndlan Car ft Toundry pref .... 7ft .8..
Chevrolet Motors 20 2(13
Curtlss Aeroplane 2ft 40
DrlcKS-Healmry lift 100
Klrenlohr Tobacco 30 4ft
do pref 03 100
nmrrson Phonograph 10 11
ritmlsh-I.ynn - -'
Haskell & Darker Car 3.1 33
Hemleo Manufacturing; 32 33
Intfrnatlon.il Mercantllo Marino... 23 25
dn prct 83 DO
Knthodlon Itronxo prof 2( 22
Maxim Munitions 4ft r.'
.Manhuttnn Trunslt 1, 1
Mldvul" HtPcl 01 ni
Otis Klevntor ft7 fill
PrerlesH Motors 22 23
I'oote Knclncerinu Oil Inn
H S Kresjre w I 1" 11
Standard Motors ft "
Ktutz Motors 14 Oft
HtromLcrir 41 42
Kubmarlne 32 34
Trlnnnlp Kllm , 2 2
United Prollt Sharlnt 'i
IJ H I, and K common 2 2
I! H I. and It pref ft B
Whlto .Motors D3 B8
World Mlm
STANDAIID OlU 8TOCKS.
Illinois 107 lRn
Ohlu 224 22(1
Prnlrla Pips 220 222
Standard Oil of California 2(13 2UX
Standard Oil of New Jersoj Ml! fi2n
atundard Oil of Now York 203 2U0
OTIII-R OIL STOCKS.
Cosden & Co 1ft 15
t'hulmerd Oil ,4 B
International Petroleum 10 i"H
Houston OH 13 1(1
-Midwest IteOnlnc 00 (12
tiapulpa Ilcllnlnie 10 11
MININa STOCKS.
Atlanta 10 11
liutte Copper and 7. 1 no. 4 4K
llutto N Y 1 ,14
Orro ile Tosco 34 33
Tlrst National 3 4
Coldlleld Merser K 10,
Hecla Mlnlns B r
Howe Sound 4 4
Jim llutler go 5
Jumbo Extension 70 7JJ
McKtnley Darrah BS 0
Macma Copprr 1.) If;
Mines Co of America 2 J14
Nlplsslnc 7
San Toy 1"
Ht Joseph lad , 144 IS
West lind Con 80 82
Whlto Oaks 7
BONOS.
Cerro 0j 9 1
Mldvale Ss 4 03
Mo I'ao 4s g 70
do Ss OB "
Federal Banks' Gold Increases
WASHINGTON, Aug-. 1. The gold settle
ment fund and federal resorv agents' fund
hold In e; gold belonging to Federal reserve
banks on July 6 reached a new high mark,
according to a statement Issued by the Fed
eral Itererve Doard today. These funds ag
gregate $108,500,000. The Imports of gold In
16 customs districts for the week ending July
21 na reported to the board aggregated
2S.506.000 L'p to July 21 from January
1 the Importation of gold amounted to
$248,543,000. The export of gold for the
week ended July 21 was 264,000 nnd
from January 1 to July 21, $73. 090,000.
BAR SILVER
Bar silver In London waa quoted at 30d
today, off 1-1 6d.
In New York commercial bar silver was
quoted today at 64 cents, a loss of .
Big Increase In Copper Exports
NEW YORK, Aug. 1. The exports of
copper for the month of July were 35,048
tons, against 17,708 tons In the same month
last year.
32
p Possibilities in
j Government Bonds
of some of the most impor
tant European nations,
caused by the present abnor
mally low rate of exchange,
created by war conditions,
will be explained for those
who communicate with us
and request a copy of our
Circular No. L-186.
A. B. (Leach & Co.
Investment Securities
115 South Fourth Street
Philadelphia
New Tork Chlcaso Buffalo
Bostoa London. Eiur. Baltimore
DiaKOTOBV Oil ACCOUNTANTS
C'erttfltJ 1'ubUe AccoantaaU
, . utl..KTkE, R linnlvu B. f.
101S HEAL. ESTATE THUST BU1LDINO.
MUSNa BPiSAKIUAN
Uourn
a
! ' ' " ' ' I
TRADING ON PHILADELPHIA 'CHANGE " '
CONTINUES ON A SMAIiL -S0&S
, i
Prices Are Narrow, but Mostly on the Side of AdVafKte.
Pennsylvania Railroad Earnings Good
for June and Six Months
Trading on the Philadelphia. Stock I3
change continued listless today after a slow
opening. Prices wore about the closing
figures with tho etceptlon of Philadelphia
Klectrlc. which advanced a quarter to 28H
Union Traction km laltcn nt 44, unchanged,
and York ItAllwifys preferred sold al 36".4,
yesterday's Inst price Tonopnh Belmont
camn out nt 4 ti Baldwin showed a lo
of 1 W from the Inst previous sale here, but
n Knln of more than n point over tho last
prico In New York.
There was qulto a little activity In tho
bond division. Baldwin first Bs were up
n quarter, selllnp; for 104 Mi. Lake Superior
income Es dropped 14 to 33, Philadelphia
Klectrlo 4s were off u quarter al 84 H. and
United Hallways Investment 6s sold oft
a half at 69.
During tho afternoon trndlni- tho market
becamo moro nctlvo. Baldwin sold at 72.
PHILADELPHIA MARKETS
GRAIN AND FLOUR
WIIGAT itiH-elpts, !!01,4' Imsh. With un-
WIIGAT ItM'tlpts, !!01,4' Imsh. With
ravornblo norlhwrstcrn rrop rrports am! stn
cnhlps tuii- mlvnntcil JjBc. Ufinnml
frilrly nrtivo. Quottlnns (;cr n In r:
ronicfr
WAS
rlmstnr No, 2 reil,. sunt, ll !!."' l.i."ii No. 2
southrj-n red. tLUiltTI.
1 1 ."L'4t I ".-, : No. S ml.
reu. Jl.'.'llir l.n sti
S(fJ
tmr No. 2 Tfil.
io. ru.
Jl !!2ri.l'3i rdjected A.
I1.11icl.-Ji: rolfctfd h. (l.tTCTl 80.
t'OKN lirtffpn. l',020 hush I'rlrei
st'Sdlly mslnlained, hut trndn was qult
e wro
Intlon?: lr Ion for inunl trAil,
tlon UVslrn No 1! llnw. (J
wuo-
trn No a jtIIow, ItJWliJ1!'; do,
' vpllow. t1'ntUtv An Nn. !t vflnw. HO
ii". ii in im
steamer yellnw, OlWnlHc. lo. No. .1 yell
tdliuc. no, i0, 1 fHOW. Wtl'tftJ.t'i
OATS Th mnrkt drllnd Mr rarly In th
W, but aftcrwnrel rcoiTrd th loss ntvl
closed Orm. Quotations! No. U whll", 4KW
lli'-ir, ntanilanl whllo, SWIoMc, No. 3 white.
10'" t"47!i-. Nn 4 whlt. 4,tV Id I4'(n", samiil?
o.ijn, (l)'i w4Ur, DurlflPd onta, eraded, 46ti
47'4r.
ri.Ot'It Iterclpts. 43S bbH. nnd 1.312.
04'.' Ihs lu narks. Trade waa uulet. hut
prices wir aleaillly held. Quotations per 1H0
ilia In wood. Wlnt" clear. in'IA &. dn. atralzht,
IA.l.'.iC0.To: do, patent, 1.-.T5MII. Kansas, clear,
rotlon ancks, J.'l. 1 r, Sf .',..10. do. atraUht. cot
ton arks. t.'.TnOd do. patent, cotton sacks,
liliffO.VS. sprlnir first clear. r. I!." tjJ So: do,
atraljtht. f .vmiU.TUO. dn. nattnt. SOtfO.&ik do.
...::."...'.-.- -." -r.;i".t - '-
favorite hrnnds. Ill ,R7 3.1, city mills, chotco
and fnncy patent. il.75t "..'.I. city. mills, re
k:
lar urailes Winter, clear. innnjln:
straisnt. .i.ssv.'i.7n, do patent. 5.iaxii.
IlYB FI.OUII sold alowly nt former rates. We
quoin nearby nt 14.00 1.75 per l)UI nnd west
ern at ".&G.t.O.
PROVISIONS
Tho market waa uulet but steady. .Quo
tations follow: City beef. In seta, smoke and
nlr-drlod. 'JHci weatern boef. In seta, smoked,
'.'He; city beef, knuckles and tenders, smoked
and alr-drled. 20c: wcitern beef, knuckles and
tenders. sniokMl, 20c; heet haras. 2HO:tu: pork,
family. 27.B0J"J8. hams. s. 1-, cured, lopao.
18Vl18We: do. skinned, loose. 10'i OlBhn:
do. do, smoked. 2(l'i SJiOWc; other hams,
smoked, elty cured, as to brand nnd nyeraire,
IDHc: hams, smoked, wentern cured, lOVic; do,
boiled, boneless. 3tu: picnic shoulders, a, P.
cured loose 1 lc. do, smoked, l"c; bellies, In
ilckle, according to aerase, locse, lUHc;
ireakrast bacon, as to brand nnd nvernne. city
cured 21c, do. western cured, in20c; lard,
western, refined tierces. 14'4c; do, do. tubs,
14Hci do, pure city, kittle rendered. In tierces.
14Vio: do do. In tubs. 14Wc.
REFINED SUGARS
Th market waa quiet nnd unchanced. Re
flnera' list prices. Kxtrn lino Branulatfd,
T.3c; powdered. 7.7Sc: confectioners' A, 7.55c:
soft grades, (l.0flHJ7.r(Jc.
DAIRY PRODUCTS
nurrnn
flrm under
Puncy stock sold fairly and ruled
Ileht oftcrlnt-s.
lent orrerlncs. Kollowlr
Knllnwlnir nro the
?uottiniis: A
uncy, specials.
western
solid-packed creamery.
UKd: extra. llQicMc: extra flrnts.
IPc: tlrsts. -8r: seconds. 27U"J7c: nearby
prints, fancy, hoc: no, average extra, 3ium.c;
do, ilrsls, SOIluc; seconds, 27c; Jobbing sales
nf fanrv nrlnln. snffJSlle.
i:0(IS There waa u good outlet for the lim
ited recelpta of strictly fine exgs and nlues were
well maintained. wuotations: in tree cases,
nearby extra, 20c per doj. ; nearby tlrsts,
S7.eO ner standard case: nearby current rocclnts.
7.3Sw7.0.i per case: western extras, -He per
ao-.: western extra nrsts, js.iubib.iu per case;
flrafs. S7.rj0O7.8U tier case: fancy selected
candled fresh eggs were Jobblnc at 330.14c per
doz.
i Clinnsn Tho market ruled nrm at the late
advance, with demand absorbing tho limited
offerings. Quotations: New York, full cream,
fancy. 10U Gltl'.xc: do. do, fair to good, lB'.i W
16c; part akims, ' CO 14c.
POULTRY
LIVn rowls were scarce and firm. Chickens
were nun unci wearier Quotations: Fowls, Id's
(fi,21c. roosters. 13W1 lc. snrlnK chickens. Ac
cording to quality, weighing 14 02 lbs. and over
apleco. 243:2.'ic. amaller sizes, 20ftL':ic. white
J.ecnorns, according to quality, IMUf'a. uueks.
nn to size nnd quality, 14?rioc; plgcora. old, per
pair, ..int .nc, iiu, young, per pair. .ijwc.
DKKSHKD Receipts wero light and the mar
ket ruled firm with trado fair. Quotations:
Fresh-killed, dry-plclced fowls. 12 to box, dry-
im
iacKeu, lancy seiectcu, ..--c uo, weigmnff isi tty
B lbs. nplece. 22c: do,
weigning 4 ids. apiece.
22.C, do. weighing ii't
weighing 3 lbs. apiece,
2Xc uo, weigning a',4 ibj. apiece, 21sc: do,
in. apiece, -0021c.
Fowls
s, in DUIB,
PUBLIC SERVICE
SECURITIES
Public Service
art a lien on the
communities.
Securities
success of
O; First mtg-e. 5 Gold Bond.
L Ncttinf abput 5j7o.
d. Company is owned and operated
by one of the largest public utility
companies in the country and serves a
population of over 340,000.
C, Earnings show a steady and satis
factory increase in 1915 were 2'2
times amount required for all bond in
terests. G, Tax Refund in Pennsylvania.
C Free Norma! Federal Income Tax.
L, Full particulars personally or by
mail.
BaJken Ayliig & bvug
Land Title Dldg. Philadelphia.
BEAI. ESTATE FOR SALE
STBATHMEUE. S, J.
B.A
o
y.
ONLY 5 DAYS LEFT
of That Sale of Ocean Front Lots
at Auction at
Strathmere, N. J. (W)
Midway Between Ocean City and Sea Isle City
SOME CHOICE LOTS LEFT
DOLLAR EXCURSION DAILY TO STRATHMERE
Every one who has been to Strathmere during this sale has had a
good day s fun and a real outing. We have dancing, band concerts, bitt
ing, fishing as well as the auction sale. Every one has had. n oppor
tunity, and you will, too, to get the new 1916 Overland Auto which we
give away the last day of the sale, Saturday, Aug. 5.
YOU OWE IT TO YOURSELF TO COME DOWN
to Strathmere. Every man should own an ocean front lot and Jsspeclaljy
at the prices and terms we are selling, so he can build a home cffbUBa-,-low
for himself. Wf"
Be with us and tale the Dollar Excursion,
GEO. P: DYKMAN & CO., Auctimtri
1011 Chestnut St, Phila. Send lor circular, plan of lot, JUt l Ht.
'oft lVi and Isiectrlo StoMire Battery
dropped on a few sales to 6G down one,
point Later It advanced to 65. Lake
Superior Corporation Was up at 10H.
Lehigh Valley was off a half. Pennsylvania
sold ex-dlvldend at E6. Philadelphia lupl
Transit trust certificates and WAhtIck
Iron ami Steet lost n. fraction. Welsbaeh
sold nt 41, oft a dollar, York Hallways
preferred sold unchanged at 3!4.
The Pennsylvania Itallroad earning state
ment for June nnd the first half of the fiscal
year, which came out today, waa discussed
n great deal In the Street It showed the
company's prospects for tho year lo be ex
tremely Rood. For the 12 months indtnf
lune 30 tho return on the property Invested
In the system was equal to 6.90 per cent;
compared with 4,33 per cent at tho end of
Juno, 191S. This compares with 7.41 per
cent In 1910, tho highest rate In the last
Fix years.
Ice-packed
fanev.
drv-plr-Ked Northern Indiana
nnd Illinois, welthlnr
relrhlns; 45 lbs. apiece. 21 Hoi
no, souinern
. -:..i--L -vi..- "
Iba apiece, 21c; itmall-T sizes, 18620c
nllfhern Tnrllaria. nnd Illlnnla. vm
nniana. Rnu
Irhlnx.
20e.
chic
Old
roosters, dry-picked
icked. I Bel . brolllnr. chickens,
0O27ci do. Indiana, larae. 24
4
lllnM. !..
kiic. uo. smniier sixes.. 2v.ic. uroiiers, jer
aey. fancy, S2C.14CI brlillers, other nearby,
welshing 102 lbs, apiece, H09S2oi broilers,
nenrby, smaller sites. 274200: ducks, nearby,
spring, 2oei squabs, per dox. White, weigh rig
11 Mil lbs ner dos. IB.230- SO! do. write,
weighing OOlO lbs per do., 14 SOffBi do, wh te.
weighing 8 lbs per dos.. II.BO&S.aO; do, wh lei
welshing 7 lbs per doz., ISO 8.S0: do, wh is,
weighing 0f(lH lbs pr do.. I2.255?2.00i do,
dark, tSOS.SOl do. small and No. 2. fOoOt,23.
FRESH FRUITS
Choice stork met with fair sate and value
h-nerally ruled steady under moderate offerings.
Quotations; Apples. .Delaware and Maryland,
per hamper Fancy. tlW".2r: fair to good, 850
nc. lemons, per box, loOT. Plnes-pplta, per
crate Porto Illco. ll.BOOa.BO. Cherrlu, New
. "... Tll -;- AnM. il -i.'
York. sour, per o-io. wnet, rianaues at), eating
varieties, per e-in. ussaet. iuvce)C. tieacnes.
fifties, per 8-lb. bssket, ttO'aa.V, Peaches,
orgla, per cnrrlar Uelle, I2.SOO: Rlberta.
.".llW.T. Cantaloupes, Delaware and ilary
id. per crate, l(n.T5: do. North Carolina,
ueorgi
i..'i
land.
rwr standard crate. BOc
oiji oo, norm jaro-
Una, per Hat crate,
southern, per car. 1150
040c.
Watermelons.
323,
VEGETABLES
The market ruled steady on choice
stock of
most descriptions witn aemano. lair
and offer-
Inge moderate.
Ounlatlons: White
itatoes, par
hbl. No. t Eastern Shore, 11.7,
2: No.
i.aetern rinore, tocvh:' no,
I.M-. No. 2 Nnrfnlk. 7r!c. (
rM. 7VMI1H Nn. 1
Norfolk. tl.OOV
Norfolk, 7!fc. whits potatoes, Jer-
sey. per bnsket, 40W4BC. .Sweet potatoes,
m, North
Carolina, per Lbl. No. 1, I3.7ntf4.au
: No. a.
a.
I2.sn31l.n(). Onions, Jersey, per. Bask
ber basket. 7D
DOV
J1WV.50: do; Iowa,
per
1nn.ll. liar.
43. SO. Ugsplant.
Narfolk. per
prate.
1 2 o' 2. an. cucumDers,
Norfolk, per bbl,.
tl.Mlfl
dn. Norfolk, ner M-bbl. basket. 00
7Sc; do,
Norfolk, per M-bbl. basktt. BOe.
Helping Investors
to determine the intrin
sic value of securitiej in
which they are interest
ed is the principal duty
of our Investors' Service
Department.
To test the value of the
service rendered by this
Department, we should
be glad to receive in
quiries for information
regarding practically
any bond or stock.
WilliamP.Bonbright&Co.,lnc.
MORRIS WISTAR STROUD, Jr.
Manager
437 Chestnut St., Philadelphia
New "fork Boston
tondon
William P llonhrlght Co.
Detroit
Paris
Donbrlght A Co.
ELKINS, MORRIS & CO.
BANKERS
Land Title BulldinE
Philadelphia
High Grade
Pennsylvania Tax Free
Railroad Bonds
Equipments
and
Public Utility Bonds
MKJIIlEnH
NEW YORK AND rilirDKU'IHA
' STOCK EXCHANGES
Edward B.Smith &Co
BrUSBCO IBM.
BANKERS"
Jsmbf Ntw Tork on4 PnlloJaiskl
Stock Exehanot
1411 CursTNCT Snur. PuiUDiirnu K,
80 Pm BTirrr. Nw Toik yfll.
BEATi ESTATE SOU SATjE
HTBATIUIERE. N. J.
9-