EVENING LEDGER-PHILADELPHIA, FRIDAY, JUNE 1, 1917
IT
gl , '"
e.
I
r -
BEILLY, BROCK & CO.
BAHHLna
PHILADELPHIA PLAN
EQUIPMENT TRUST
CERTIFICATES
J06 CHESTNUT STREET
PHILADELPHIA
Buy a
Liberty Loan Bond
" s ' iio but what
nvutd I do tnlfc Unilii Stain
Lthtrty Loan Bondl I have no
ujl fiatt ih uhuk to keep U "
This need not deter you
from aiding your Govern
ment and purchasing this
afe investment.
Banks, Trust Companies
and Safe Deposit Com
panies have generally agreed
to hold Liberty Loan Bonds
in limited amounts free of
charge.
If you cannot secure such
accommodation our Cus
tomers' Securities Depart
ment will hold your bonds
in amount not to exceed
$5,000 and will collect your
interest without charge.
TheNationalGty
Company
1421 Chestnut St., Philadelphia
New Tori Colcsgo Sa Franclv-o
Boiioa 1'ltuburgti
FINANCIAL NEWS
No Safer Investment
than the
.liberty Loan of 1917
SuBscribers to this loan will
have the satisfaction of show
ing their patriotism in a prac
jtica! way and owning a bond
RtTctf'w probably the safest
(uiiestmenl in the world.
The income is liberal consider
ing that it is tax exempt, with
the exception of the Inheritance
Tax.
William P. Bonbriglit & Co., Inc
uuniua niaiAK STHOUD, Jr.
Manager
4J7 Chestnut St., Philadelphia
Xiw York Boston Detroit
London Iarl,
TOUm P. Bonbrlght & Co Bonbrlght Co
OlJwFlNNBY
Sr Company
AUTOMOBILE BAN"EB3
Oiler special faculties tor In
elvlduau or automobile deal.
Iff-. ,flanca the- acquire
Sf.i of Pleasure cars. lor
S!nie,g houss to nnanco the
acjulrement , of commercial
fhffu2r 'fMka. It you are
of 1"lJi.f Purchaslnc a car
?;.MI;J"!for any purpose
JJ FINNEY SVSTElf will
minX a be,,er business trans
action for you.
MM. ESTATE TRUST BUILDING
-niuMusLPHIA
Ig- 1
. Ptr Cmnt. r i.:...
a - -.- HHIIIUIUMI'
Ih ."ffrred Stock of
jfwd Lupton's Sons Co.
htrtK&PW Aw. and Tnii at i,u..
' T M (fttfVais " .-Apriirju,,
fcApEf"Sa!!!i-.5!- !?,...
fiSSffix un, over. Built.??,' &S3SS&
"JrUlnn.,,,..,
Morris Brothers Co.
"-HSWU ipi
"21 Chetnut Street
STOCK PRICES MOVE OVF.R wttw. RAMm?.
IN DAY'S TRADING IN NEW YORK MART
Gains Made in Leaders After Opening Are Quickly Lost,
but Rally Takes Place in Afternoon.
Much Unsettling News
High Points in Today's Financial News
lost butrllluTni fttr pfonnoein Wall street. Gain made early were
ir'eat ntrf ro o?, ;'rfr.f: ,'l? elose' Ncw York Cur" followed big board.
di&rirliXJVnn '"' C" .Cram Shipbuilding declared S per cent
IwdcVatel,, aetivr lti . 'tle,r un,chn"Oed foreign exchange only
voted to close jL ?"'' " commodity exchanges of country
loiea to close June 5, RcgtatraUon Day. More gold sent to Japan.
-rw , u NEW YORK. June 1.
v,li feW da5s ln a lonG Pcrlod ln "Ich the range of prices
nf i " ,, ,Cr.! Wld0 a fleld as as noted loda"- Strength was show n In a number
o "sues at the opening, when good gains were made In the market leaders,
nut It was quickly appaient that United States Steel common was In supply from
many operators who had bought it before the close yesterday with the dividend
h'.T ! C!t'1cctatl011 hat It would recover a good part of Its 4t per cent
dividend in tho early trading toda. Liquidation from this source started
a onard movement after the stock sold at 131 shoitly after the opening,
ana this decline was shaied In by nearly all tho other stocks which have
been actively traded In during tho last month.
While stocks were being offered from arious sources bulletins telling of
tho closing of tho port of New York and the sinking of an American ship
started a stampede to put out lines of shorts and to liquidate speculative hold
ings. Losses ranging from 2 to 6 points were sustained all through the list
as the result.
United States Steel common, after selling at 13m. dropped to 126i, and
Industrial Alcohol fell from 143U to 137H. but it was not long before theso
and other stocks advanced Just as abruptly as they had declined Industrial
Alcohol had a quick advance- to above 144 and United States Steel common
moved up more than 4 points to above 131.
American Sugar Refining was exceptionally strong when the rest of the
list was unsettled It recovered Its dividend of 14 per cent at the opening
and quickly moved up more than 2 points more, making a net gain of 4'u
points during tho day
Tho motor stocks were exceptionally weak, with General Motors Showing
a lack of support around previously prevailing prices, The rally In the nfter
noon was attributed to tho announcement that the Russian army has resumed
a vigorous offensive.
The bond market showed more activity, with a better tono In a number
of the railway Issues. Fractional gains were mado in Missouri Tactile 4s and
some of the Southern Pacific Issues. Anglo-French 5s sold at 93 to 93'i.
TRADING ON NEW YORK CURB FOLLOWS
MOVEMENTS OF STOCKS ON BIG BOARD
NEW YORK. Juno 1.
The trading on the Broad Street Curb followed the course of the leading
stocks on the Stock Exchange today, with moderate gains ln the early trading,
followed by sharp declines, then to a new high range for the day in the
late trading.
Triangle Film was subjected to pressure by some interests that seem to
desire to accumulate a line of stock at a low level, and sales were mado at
1? during the first hour, but other Interests appeared as buyem, and there was
a quick advance to above 2. The understanding prevails in well-Informed circles
that the company has about completed an arrangement for absorbing tho
Universal Company.
Carbon was exceptionally strong, advancing from OS to 101, and there was
n stiong tone to Aetna Explosives, which rose to Z. Central Foundries,
which had been ntrong for some d.is, reacted, the common selling down from
32 to 30. and the preferred declined from 511 to 60.
Independent oil stocks were Irregular. Standard Oil of California sold at
272 and Ohio Oil at 3fi2.
Mining stocks were geneially strong, with Magnate selling at 1 6-16. Butte
Copper and Zinc advanced from 124 to 13 on dividend rumors. Motor stocks
vcro weak all through tho day, with United Motors selling down to 271.
INDUSTRIALS
Bid
Air Reduction 83
Am Stores 35
Aetna Explosives 3?
Am-Brltish Mfg K
Am Marconi . H.
American Writing Paper 4
Canadian Car Co S7
(IS
SO
814
OS
ZR
80
Yos riosf-
Asked. (Rsle)
84 80
37 , ..
4
1.'
3
Can Car & Fdy pref
Cent Fdy pref . .
Charcoal Iron . . .
Chevrolet Motors
Cent Fdy
Ctamp
4 Mi
311
70
51
8T
ion
30 H,
00
.10
MVt
101
2iV4
8V4
RTEASTATE OIL & GAS CO.
JS&tlEElft&S?' h,art-
ssaSr-Msinst
,KARHSTROHOCo-
SJJ!ADyEBTI8EMEXTa
SiJ.TL0f..S?)V.AB C THOJIAS.
R.NT iS5f.fen:rntea to THE
tUDELPlUAf? TU8T .COMPANY
9 Httu .irt-' .. trioni Indebted to
ChMtS?,.? Slc.r ?'. l. laid Com-
!,. Aa- B. W1NO, Prld.nt.
i JTOKBB, Ka..
riMm"rcU Tru,t BW Ph" P-
gY OP ACCOUNTANTS
Curtlss Aeroplane to
Caruen Tool 1194
Carbon Steel 05
Everett-Heaney 3114
Emerson Phonograph ... 8
Fedeial De
Haskell S. Barker Car. . . 40Ki
Hendee Mfp . ... 28
Kathodlon Bronze pref.. 1 Vi
Lake Torpedo Boat ... Vi
Lehigh Coal Sales 75
Lima Loco 5
Malm Munition' 2
Marlln Arms . . 0J
Nat Conduit 34
N Y Shipbuilding
Nor Amer Pap Pulp. .. 4
Otis Elevator no
Peerless Motor 13
Poole Eng 70
Tierce Arrow 40
Redden Truck "
Santa Cecilia 2
Santa Cecilia pref "
Scrlpps-Booth 20
S S Kresge w I 'n
Standard Motors 12
Steel Allojs JH
Submarine 3-.7t
St Joseph Lead . ... 194
Todd' Shipbuilding
Triangle Film . 194
Fnlted Profit Sharing . . V4
V S Steamship 4W
I'nltert Motors 30
United Sugar 30
World's. Film 9m
Wright-Martin Air V4
Zinc Concent s'fc
8TAM)AI Oil. STOCKS
Illinois "I I"
Ohio 3B0 385
Prairie Pipe . ,? "?
o.r, nil nf California .270 275
Stand Oil of New Jersey. Hi J
Ki-.nrt nil nf New York 205
IMErEMBNT Oil. STOCKS
Barnctt Oil & Gas . .
Cosden Oil
Cosden & Co
Klk Basin
Federal Oil
Inter Petrol
Houston Oil '
40
28
2tt
0V4
8V
58
m
05
aw
40
(I
no
15
00
43
10
20
on
40
11
13
7
33
10
88
IT
A
30l4
30,
94
594
39A
030
800
4
814
07
siVt
30
129
40
32
58
294
35V4
43 Vi
32M,
1894
80
5
209i
5
3V4
2V4 2y, 2
13 13'. 13U.
13 13V4 13V6
10V4 1094 II
59& T4 6
14 IH4 14W
l.NDEPE.NDKNT Oil, STOCKS ContlnufU
Ya rloo
Bid Ankrd (Sal)
Merritt Oil 28 2811
.Midwest Ref 134 136
Met Petrol 2V4 2
Ohio Fuel 10 20
Oklahoma Ref 1014 1014
Osage Hominy 8V4 IK
Rice ,', V,
Sapulpa Ref 014 10
Sequojah 1 114
Sinclair 33 34
Victoria 0V4 094
West St Pet 94 14
MINIMI STOCKS
Alaska Standard 35
Atlanta 10
Big Ledge 314
Blsbce Copper (a pros) . . 14
Butte Copper & Zinc... 131i
Butte New York 194
Cashboy 7V4
Con Ariz 214
Emma Consolidated 114
First National 214
Goldflcld Merger 5
Goldneld Cons 52
Goldfleld Florence 20
Ooldfield Kewanas 14
Green Monster 114
Hecla Mining 8
Howe Sound 594
Independence Lead ....114
Jeromo Verde 1 94
Jim Butler 8i
Jumbo Extension 30
Magnate Cop 88
McKlnley Darragh 50
Magma Copper 45
Mother Lode 30
Mines Co of America... 1
Nevada Hills 23
Nevada Wonder 114
Nlpisslng 714
Ray Hercules 394
San Toy is
Stewart V4
Tonopah Extension 2
United Verde 37
West End Con 70
White Oaks 3
White Caps 1ft
Ycrlngton 31
iioxns
American Smelters Ss .. 0114
Atlanta Charlotte 5s ... 07
Bethlehem 5h 08H
Cosden Oil 6s 103
Cosden & Co 6s 08
Cudahy 5s 07
Erie 6s
New Haven 5s ....
Russian Govt 5's. . .
Russian Govt 6s ..
Southern Railway 5s
Sinclair Oil 6a . ...
Todd Shipbuilding 6s
New York State 4s.
07H
. OBH
. 74
. 81
. 07V4
. 05
.101
.10514 10594
40
11
394
94
1314
2
814
214
1V4
3
7
55
25
10
lft
H94
Y
115
114
80
40
00
53 . .
47
32
IH
30
194
794
3T4
10
ft
214
38
75
"u.
33
0214
08
0894
101
100
100
08
07
70
83
8794
07
102
2814
'ift
io
814
14
1014
IV4
35
994
II
3 '4
214
114
294
6
55
!
1T
41
4814
32
714
3T4
"V4
2A
38
0094
0714
0794
75
83
CLOSE EXCHANGES JUNE 5
Business in Markets Suspended for
" Registration Day
The governing committee of the Philadel
phia Stock Exchange at a P'c'a """!
held at noon today voted to close the Stock
Exchange on June 5, Registration Day.
This action followed similar action by
the New York Stock Exchange. The New
York Consolidated Exchange, the New 'York
Coffee and Sugar Exchange and the Chicago
Board of Trade will also be cldsed. Other
exchanges throughout the country are ex
pected to take similar steps
MONEY-LENDING RATES
NEW YOnK Money on call opened at 4
per cent: high. 4V. ! low. 4 8 last. 4 j closed.
4STim. mnoCn ePm.xednt8tock Ex
chK cbiuferal is Quoted at MHp.r
rmt for sixty days. 414 04 w for ninety
Says 414 per cent trading rate for four
months and H 494 P' cent for ftv. and
IdTmonths. Industrial loans averaged 4fc
,BaCnkt'acceptances are unchanged at 4 J4
and it pct cent for in.llgib e. and 3 7-16
and 3 1-16 per cent for ellgtblei.
Prime mercantile paper continues , slow
at minimum of 5 per cent discount figure.
rHILADELTHrA-Catl. per cent Tim.,
4 per cent. Commercial paper, three to
jpoRtha, .4 H 4 per. cent.
FOREIGN EXCHANGE
NEW Y'ORK, June 1 The foreign ex
change market was only moderately active
today Spanish exchange was a strong
feature at 22 65 for checks and 22 75 for
cables The strength of this class of ex
change Is being steadily reflected In gold
shipments, as was the case today
quotations were
Demand sterling 1.7514. cables 4 76 7-16;
60-day bills nominally 4 7214, 90-day bills
4 7014
Franc cables 6.71U, checks 5 7214.
Lire cables 7.02, checks 7.06
Swiss cables 5.04H, checks 5 0514.
Oullder cables 4114. checks 41 H
Pesetas cables 26.75, checks 22.55.
Stockholm cables 30 30. checks 30.16.
Chrlttlanla cables 29.45, 'checks 29.25.
Copenhagen cables 28.70, checks 21.60.
DANK CLEARINGS
runk cltarlnn today compared with eorro
pondlns day lait two yeara:
117. ISIS 11R.
Philadelphia 2,7S8,nST 5S,44,1 J27.e88.Bd;
Bolton.... 9,502 41.S80.S0d 28.885,071
Nw York.. 741.S44.627 762.777.1SJ SIo.24.(19.
St. Loull ! 2S 640 056 18 S6MA8 11,970,775
rhlcago ... 04 049,55 73.184,874 S2.S3n.47X
Baltlraon .. 10.863.685 11.B0S.488 6.1B5.912
Standard Oil of Ky. Cut Dividend
LOUISVILLE, Ky., Jun 1 The Stan
dard Oil Company of Kentucky has da.
clar-ed a quarterly dlvldmd of 13, payable
July 1. Booki close June If, riopen July
S. Previous dlvln wr ti nurtrly
and extra ft. , , v ,
New York Stock Sales
Alaska Gold M
Allls Chalmers
do pfd
Am Agr Chem
Am Beet Sugar
Am Can
Am Car & Fdy Co
Am Cotton OH
Nt
Itlth Low Cloie chic
5 31 6"4 14
3114
80
0394
0094
SIS
77
43
Am Hide & Leath 1494
do pref
Am Linseed . . .
do pref .
Am Loco ....
Am Smelting
do pref
Am Sum Tob Co
Am Steel Fdry .
Am Sugar
Am Tel & Tel
Am Tobacco
do pr new
Am Wool
Am Zinc & Lead
do pr
Antcnnda
Atchison
Atlantic O & W I 108
Baldwin Loco Co Ui
Baltimore & Ohio 7214
do pref . finTfc
Barrett Co no
Bethlehem Steel B 135
Brooklyn R T ,0294
Burn") Bros stoj
Butte & Supr Cpr 4114
12
0V
01
114
31
70
Cal Petroleum
Canadian Pac
Col Packing Co
Central Leather
Chesa & Ohio
Chicago Gr West
do pr
Chi. M & St P...
do pr .
Chicago & N w .
Chill Cop . . . . 23a4
Chlno Con Cop ,10
joi i-uei & iron 51',
Col Oas & Elee
Consol Gas
Cont Can
Corn Products
do pref
Crucible Steel
Cuba Cane Sugar
do pref
Deere Co pref
Del & Hudson .
D L & W . .
Distillers Secur
Erie
do 1st pref .
do 2d prpf
Elk Hoin Fuel
Gaston Wlllltnis
Gen Elec Co
General Motors .
Goodrich B V
Granb Mining
Oreat North pfd
Gt Nor Ore sub
Greene Can Cop
Int Agrlcul pfd
Inspiration Cop .
Interh Cons Crp.
do pfd .
Int Harv of N J.
Int Mcr Marine .
do pref ....
Inter Paper
do pref ct
Int Nickel . ..
Kan City South. .
Kennecott Cop . . .
Lack Steel
Leh Valley . .
Lee Rubber & Tiro
2994 3014 M
a 80 S
031i 0314 94
0414 0614 S
6014 81 - 14
7394 77 114
41 1294 '.4
II 1494
02 03 1
2414 25 . .
0014 0 14
7294 7414 14
10V14 11014 6V4
112TJ, 111 1
3314 3M4 In
71 73 2
1I6V4 110 1-314
12294 12194 12294 H 14
108'4 107 107 i
1011, 10114 10114
39 131, 51 V4
31 34 31
031', 0311 031. 94
821, 8', I 4
IOII4 10214 U
105 108
0114 01 4
7194 7214 S
OOTj, fl74 fK
II814 11894 14
nov 13114 1
(12 02 7.
08H lot!4 HV4
IS1", It V,
219, 2in li
13014 13H 15014 1
37'4 37 i 3714
011
2894
0114
7li
111
113
3314
7314
non
8J
1011.
4
0JS 0S S
00 flO"), .
U'4 1114 14
31 3
7414 7B li
11314 11I'4 112 1
tl14 11074 11194 14
2T ma, 04
58 5Ha4 14
S3 SIS Tf.
Ill, 419, S
1(l4 losVj n
04 01 14 1
.1014 M I,
1II3T 101 lfc
78 81 1
I34 151, f- 14
on, uii, .
0JT, 0774 11,
mon 1101
200 200 I
171a 1794 9l
It",
108'4
01
32 4
10314
82
IIS
OP,
0J7
U014
21)0
181i
25'h
SSI,
29
3.1 yt
32
mil.
514
38
2!)
.11
.12
101s
IIA14 Kill, 100
53 14 519, 62 74
HI 81 8,1
10714 10714 10714
217,
18 1 4
20
3114
32
10194
.1111
4414
52
0374
101a
60
31 Vi
1414
52
0214
1014
58 Vj
94
3
94
1
S
31 lfc
4114 14
5J i-191
"IS 74
mi4 14
60 u
11714 117T4 117'.
30 2814 2014 14
H9V4
4.1
08
4194
2.1
40
0794
01
18T
Louis & Nash 127
Max Motor 5014
do 1st pr 07
do 2d pr .1114
Me Petrol ... 07
Miami Con Cop .. 4014
Minn & St I. new. 18
Mldvnle Steel .
Mo Pac w 1 ..
do pref vv I . .
Nat Enam & Stpd 38V4
Natlonil Lead . 60 14
Nev Con Copper
New York Cent.
N V N H & H...
N Y Ont & West
Norf & West . . .
North American
North Pacific . . .
Ohio Gas
Pacific Mall .... 21
Penna R R ... 5.114
Peoples Oas & C . 72
rero Marquette .. 10
Pitts & West 2
do pref ni
Pitts Coal ctfs .. .1114
Pressed Steel Car 7814
0394
28
5794
217,
0214
.15
o
121
0114
101
82
4 2 14
08
40
23
47
0514
03
18
127
401,
00 14
31
01
40V4
18
02
28
579',
37
6714
23
0114
.11
22
12114
1114
81V
44 Vj
08
4114
2.1
48
07Vj
04
1814
125 1
8014 14
07
31
00 1
40V4 14
18 y
0114 V4
28
8794 114
38Vi V4
80V4 214
25 Vi
02
.11
1037(, 104
12IV4 94
0.114 14
130 130T4 138
21
6.1
08 V4
1894
28
01
40
7014
Vt
21 '4
83 Vi 14
7:
10
20
01
6094
78
Pullman Pal Car 1459, 11194 14594
64
30
0294
30 14
00
101
03
42V4
1714
6414
72
27
01V4
0314
Ry Steel Spring .. 5V4
Ray Con Copper 30
Reading . . . 0474
Reading 1st pref 40
Rep Iron & Steel 02
do pref 101
Rojal Dutch .... fll'4
Saxon Motors ... 4214
St I. 3 F 1794
Sinclair Oil . 57
Savage Arms Corp 75
Shat,tuck Ariz . 27
Sloss-Sheff St & Ir 02
Southern Pacific . 11
So Porto Rico Sug2ni 201
Southern R R ... 27T 27
do pref .... 5714 6714
Superior Steel ... 441,, 41V4
Studebaker . 8.1 ?0T
Tenn Cop & Chem 17 10
Texas Company ..221 218
Third Ave R R.. 2214 2114
Tobaoco Products 57 6.1
Union Paciflo 13014 1.1314 1S0V4
do pref . 7914 7014
United Alloy Steel 48 47V,
Ln Cigar Mores 100
Un Paper Board 32 '4
United Fruit . 138
U S Cast Ir P . F 43
U S Ind Alcohol.. 114 9,
do pref 105
U S Rubber 88
do 1st pref . . . .100
U S Smlt &. Ref. . 03
U S Steel 1.11
do pref 110
Utah Copper
Va Car Chem
do pref
Va Iron C & C ... 08
Wabash 1214
do prof A 48
do pref B S3 14
West .Maryland . soi
West Union Tel. 0414
Westlnghojise Mfg 35
84 V4
3014
01
39',,,
0114
105
0194 ..
4214 ..
17V4
6594
75
27
02
0.1
201
2794
8714 ....
HT 14
629. 1
17
220
22V4 1
87 14
14
7014 V4
48
100
3214 94
138 1
2394 1
Ml 94
105
8894 114
106 14
B3V4 214
12094 130V4 94
11014 11014 14
11514 1129, 1149
4414 4414 441n I
001,
3214
138
2214
13714
101
67
100
001.
West Pac H R
Wheel & L E...
White Motors . .
Wllljs Overland
do pref
Wilson Co
10014 10014 10014
08
1214
48
25 14
lOU
02 14
53
17
14
46
279
0494
7294
17
I4V4
40
20
0194
73
14
08 194
12i 94
48 14
25Vj
2014 1
uiy 114
639. 9,
17
14 H
4094 14
26
0494 14
7294 94
Ex dividend Unltfd Statu Steel, n; and
3 extra New York Air Drake, 5. V. S C I
L V preferred. U. Canadian Pariric, 214.
American Sugar, 1". do rreferred 1', , Union
Paclflc. 2 and Va extra Maine and Huston pre
ferred, B Crucible Hti-el preferred J, Kantman
Kodak 2V . do preferred lit Mergenthaler,
2Vi . Calumet and Arizona 2 and 1 extra Klk
horn Fuel preferred, 1VJ , Laclede Oaa. 1. , do,
preferred 214 , Chicago and .Northweitern. I..
do. rreferred, 2
Tntul tale 1, 210,000 linre compared ulth
1,110 000 nhurei eterdat IIiiia far tlili week,
4 733 000 fthnreti tame period lat ueek, 5,028,
600 harr.
N- Y. BANKS LOSE CASH
Institutions Report Decline of $10,000,
000 in Short Week
NEW YORK June 1 Money for the
short week ending with the close of busi
ness yesterday indicates a loss by the banks
of about 510.000 000, not Including the op
erations of the New York Federal Reserve
Bank
The banks gained net from the interior
(699,235 but lost to the Subtreasury. chiefly
for gold exports, 110,601,000 The gross re
ceipts from the country were 15,652.918 and
the shipments 14.953,683. The New York
Federal Reserve Bank had a net credit at
the Clearing House of (62,586,000,
Sales in Philadelphia
Low
2H
46
81
73
62
10
26
20
7074
6JV4
2514
6614
Net
chge
Close
eay sy4
46 ...
SI 94
7S
62 y4
10
28y
2094
7614 . ..
6$H H
2514 S
5814 Vi
Hllh
70 Bald Loco 6394
23 Cam Iron 45
60 Crucible St SI
20 Con Tr N J 73
35 Elec Stor . 62
5 !! A B T 10
8 1ns Co N A 2014
1275 Lk Sup Crp 2094
30 Leh Nav . 7614
ISO Leh Valley 6J
100 Nov Cons 2514
341 Penna R R 68
60 Phlla Co
cum pref X8
30 Phlli Elec SOU
623 PRT tr Cfs 30
58 Phlla Trac 79
20 Rep Ir S 00
220 Reading 041i
109 Ton Bel 4A
20 Union Pac 13394 18591 13894 214
18 Union Trac 42 4t 48 S
209 Un G Imp 79 79 7914
.182 do war . 28 8794 7S 94
119.97 U S Steel 131 12714 131 H
8 W Jer A S 4814 4814 48V4 H
40 Wm Cramp ss 86 80
Net change from last auction sale
Total ale 13 021 hre, compared with
11 727 khore re.lerdari fhn far thin week.
911 Kharrn enme period lat week 108.419
hnre
86
8014
2914
76
0094
0314
4
38 . ...
3014
30 1
10 1
0094 2S
0IV4 94
4
noMs
High. Low ClOM
J 10000 Am Gas &
Elec 6s 0214 0214 0214
1000 City 4s '67 100V4 100V4 100V4
5000 Leh Nav
cons 4V4s 99 OO94 0014
1000 Lehigh Val
Net
chge
V4
S
Am Starts
ann 6s. .13114 18114 131V4 14 l6uJl t-fe""" ' c
11UVIF JjOII CK, W
103 103
06V4 06H 14
01V4 01V4
Eng 5s.. 103
2000 Penna Co
temp ctfs
414s ... 0614
1000 Phlla Co
cons 6s
com ctfs 01V4
13300 Phlla Elec
1st 5S...100T4 100 100
1000 Reading gn
Is . . 01 01 91 V
Total .nlea 618,100 compared with S6I.0O0
ctcrdiM tJuia far tht week, 6141 OOOt aame
period Inst week, $254,900
New York Bond Sales
St
nigh
101
103,,
. CI' 4
90
88
. 1
.. l
. 90
,. 97
, . b'J
. 87 It
90
90
I.OW.
101.
102 Ji
"3
9SH
a'i
81
Bl
V,
Ofl'4
Mt
XHH
X7VI
98
5
Close.
101..
osv,
Ort'i
99
88
91
fcUH
0V
91
87
87 U
06
911
100)4 1064 100H
127k l!6i 120
a
88 79l4 76
no o .
SH SS B8H
S3 93 03.,
OOVi 9tfli 90J4
041 045! 0
9eli (l'4 96A
06VI 1)514 98V4
US II3S 93H
95 93 95
81 81 81
09 09 90
U1'4 ni'4 01'i
98V4 08 9oi
04 94 0
114 114 114 ,
704 70V4 704
04
n Hu.v war vwTi
,.w.i8.i, m p
a . .102 102 102
Gold for Japan and Spain
NEW Y'ORK June 1 Th Subtreasury J
nts transrerrea gj.uoi.ggo 10 Ban franciaco
incidental to ahlpmentg to Japan There
was also) withdrawn (800,060 for shipment
H im..
120OO Amer Agr cv
himmi 00 nen ns
11J17SO Anglo French 5l
5uu Am Foreign Sec 6s
41000 Amer Tel 6a
21100 Amer Writ Taper 5e
1mm Armour Co 4W
140111) Atchison gen 4a
J lOdil Halt A Ohio 3Via..
HiMlil do Sa
.10110 do 4a
iiui) Halt 4 O 8wn 34a
1000 Can Oovt 6a 1926 .
5000 do 5s 1931
ono cent Leather let 5a
7000 Chill Copper 7a ..
1000 Chea ft Ohio 5s
10000 do conv 6s
6000 Chi Alton 8s
1!000 Chi at West 1 ..
1000 t hi & Nwn gen 5s
100O do 4
4WO Chi Un Sta 44a
10000 Oil 1) k Q Joint 4t
35000 do gen 4a
150O City of 1'arls 6s .
looo City of Lyons.. .
4, 11111 f-hl n 4 U III SUl
2000 Chi Mil Ic St P conv Sa 09
moon do cv 44 a
4000 Chi It I ft 1" 8a .
looo Cumberland Tel 8a
anoo Con Coal Co Ind 6a
3000 Cerro de Tasco Os
kOOO Den A lllo Ur 4S
3000 French Ilepb 84"
aoou uen liiec n
loooo Homes Mln Co 1
Hutu, iiwi.nn ...vi. ' -";,, :;,, ,,(
2000 Iowa Cent gen 48 4n so jots
211000 Interb Met 44 a .. 81 64VS 3
31ik) Lacka Uteel Sa 1050. 104 104J 104J4
1000 l.k Sh deb 4a 1928. 921s 024 924
3000 do deb 4e 1931 ... 1 01 91
HOOD Ixiuls ft Nash 4a ... 92 02 94
4O0O Mackviy Co 34a ... 90'i VOli 0014
4rK)0 Mldvale Steel 6a . 93 93 03
1000 Minn ft Ht li 4a .. 4 , 411 49
45500 Mlsa Pac 4a w 1 .. O0J4 0 OOJ.
2000 Montana Tower 6s . 9 gas 90J
tooo N Y Air llrake Os 1034 1034 10S4
-000 jfvctiin 1224 ioo loan
inoo do 4s . RR JO 96
jooo M y mi ft St 1. 1st 4s fn so 89
3000 N Y (las HAP 5s. .. 98J4 98J4 96
101100 N y Lack A VV OS '25.1044 1J44 1044
000 N T H II U . , 96 96
8000 NY Rwy 4a 67 67 J7
anno An fts a.oi o -07
1000 NY State 4. 1928 .. 102 102 1JJ
loiio Nor l'ac gen 4s .... Vs 88 SS4
10(10 do gen 8s . . ..2 02 62
JOOO Ore Short l. 1st 104 104 104
1000 O A W R A N 4s. .. 824 824 82H
30000 Psnna gen ct 44 a . 9"'. 96 9
1O0O Public Serv Corn 6a.. 874 874 874
00O rere Marauatte 4s.... 70. 704 704
2900D Reading gen 4s ... 91S 91V4 914
1000 Rio Ur A VV 1st 4s... 70 70 70
1400O Rt LI M ft 8 4S .... 78 78 78
2000 South Bell 5s 99 98 98
34000 South Pao cv 4 824 81S 81i
0(000 do cv 6s 904 99 994
1000 South Rwy gen 4s. .. 884 884 684
60000 Third Ave 4a ,. 6li 02 6SV4
1000 U S Meslco 4s ft 6s . 49 49., 49
51000 U S Rubber 6s ct .... S74 874 87H
14000 do 03 102, lOlli 102,,
7000 Union Pao 1st 4s .... 4 934 034
3000 U K of O n ft I 5s... 974 97i 97H
3000 do 54a 1918 . ... 99 A 99H 99K
2MI00 do 64a new 1919... 994 99 A 99r
324000 do 64a 1919 ... . 964 96H f!S
27000 do K'.IS 1921 .... 95V 95H 954
"0(10 Un Ry St Louis 8s.... 604 804 504
1000 West Eleo 5s ...
1R000 West Md 1st 4s ..
10OO West Union 4 92ft 9S4 924
;nno do 5s . on ns't 98'4
:O0O Wlscon Cent gen 4s . 844 814 844
Total sales 83 009.000, compared with SJ.72I.
000 ;cterrtari thns far thla neek, 810,864 000 1
same pcrlod last week, 814.744,000.
Granulated Sugar Unchanged
NEW YORK, June 1 Fine granulated
sugar Is unchanged, with the American
Sugar Company quoting at 7.60a B. H
Howell Son & Co, and Arbuckle Brothers
nuote 8c The Federal and the Warner
Sugar Companies continue withdrawn from
the market The last sale In spot Cuban
raws was at 5 98c
WILLIAM CRAMP & SONS DECLARES
FIRST DIVIDEND ON STOCK SINCE 1902
Payment of 3 Per Cent Takes Financial District by
Surprise Prices Generally Lower in
Local Trading
Holders of shares of the William Cramp
& Sons Ship and Engine Building Company
were given an agreeable surprise todaj
The surprise carrie In the shape of a dlvl
dnd declaration of 3 per cent, being the
first that has been paid on the companj a
shares sine October of 1"02 The dividend
Is payable August 1 to stockholders of
record July 21
From ISlp to 1001 dividend at the rate
of 6 per cent vvero paid TV dividend an
nouncement, which took the Street com
pletely by surprise, did not have nnv effect
on the market price of the commn s cei.
tmcates on 'Change, and by 2 o clock only
forty had changed hands at 86. the same
as the last Quotation of 3,esterd"iv
Business on the Stock Exchange was not
large today and the trend was generallj to
a lower level For the moat part the clnngei
ln prices were not latge, as was the 'ae
In quite a few Instances In the Now York
list. It was again left to United PtHtes
I Local Bid and Asked
Brill. J a
naldwin
Electric Btorage
Oetural Asphalt
ao prer
Today
Bid Ask
, 3d1.
86
50
27
, 64
Oils
Yesterday
Ke stone Telephone
Lske. Superior Corp
Lehigh Navigation
Lehlah Valley
Lehigh Valley Tr
do pref
rennslvanla.
Phlla Kltctrlc
Thlla Company
do per cent pref
do 0 per cent pref
Thlla nap Tran t c
Reading . .
Tonopah Belmont . .
Tonopah Mining
Union Traction
United Gss lmpvt .
IT S Steel .,
York Railway . .
do pref
TVm Cramp t c . .
20
69
11.
. 204
fi4
"t.
224
41
M4
30
14
. 32
30
20J,
4
.
. 42.
70
lans
134
. 304
. 85
5'
20
044
02
2
11',
20lJ
77
OC,
21
414
MS
111
R'V
30
JOJ.
944
44
il A
41'i
79'.
130',
14'!
.174
6(1
Bid
SB'.
66
114
(12
20
69
11
204
704
014
i'-'4
41
514
3(1
31
IJ
17".
JO
H 1.
4
14
424.
,n '
Ask
68
52
20
(114
3i
S3
&.
77
04
23
414
6l4
.104
IV
31
30
J94
044
44
A
41
,
no4 nns
n. in.
.104 37 .
NI Ml
NEW YOKK COFFEE MARKET
NCW YORK, Juno 1 The market for
coffsa futures opened moderately active,
with sales amounting to 600 bags First
prices showed declines of 2 points
Today's
opening
June
July
August
September
October ..
November
December
January
February
March ...
April ...
Todas's Yesterday's
close close
8 Oft W 8 10 R 09 Iff 8 11
,.8 1096 18 8 138 18 R 14 Iff 8 10
8 IS'3'8 19 R 20R 21
.8 2008 24 8 2298 33 8 2'V8 JO
. 8 20 8 30
8 32R33 R 3168 1 14
..8350840 8S7j83S 887&83S
.. . 6 4308 44
8 40&8 80
.. 8.625T8 66 8 6408 65 8 60RS7
8020864
LOCAL MINING STOCKS
MseXamars,
Midway . . .
Mlspah Ext
Montana . . ,
Norm oiar
TONOPAH STOCKS
Bid
10
14
10
20
10
Rsacus Eula 23
OOLDFIELD STOCKS
Atlanta 10
lllue Dull 01
Booth 07
Dlamondneld n B 01
Patsy nj
Oro 01
Pandstorm Ken 01
Sliver Pick 10
MISCELLANEOUS
Arizona United 31
Nevada 7(111 21
Tecopa Mining 30
BAB SILVER
Today Tes
New York (centa) 744 744
London (pence) 88 38
Last
Krl
744
37
Asked.
17
10
11
21
12
.21
.11
OJ
.01
.04
.04
.01
.04
.11
3A
.20
.32
101T
High Low.
70 71.
3ST4 35(
Steel common to furnish the bulk of the
trading and It was under pressure, at one
time selling down more than 3 points. This
was due largely to the selling under which
the stock was placed In Wall street.
From the opening stocks started to follow
the same course as taken ln New York and
from then on to the close the market here
was under the same Influences that were re
sponsible for the movements In prices In
tho llt there
Lake Superior Corporation stock was ln
the gieatest demand as far as the local
Issues were concerned, and It lost a frac
tion soma 1000 shares having changed
hands by mldafternoon Stock of the
Huntingdon and Broad Top Railroad came
out at an advance of 3 points as com
pared with the last previous sate at auc
tion and at a loss of 6 points compared with
the previous sale on 'Change during the
week of May 10 Late ln the day P. H. T.
certificates sold up a full point, and there
wna a general rally all around
CROP REPORT MAKES
COTTON PRICES SOAR
All Deliveries Make New High
Records on Low U. S. Fig
ures Decline Later
COTTON nni.T WEATHER CONDITIONS
Nl:VV AORK. June 1. The following tem
perature were recorded In the cotton belt this
morning! Ashevllle, 00 1 Oklahoma and Fort
Pmlth, 00 1 Abilene. Chattanooga and Knox
llle 08 1 l.litie Rock. Atlanta and Raleigh.
Oj Montgomery. Illrmtngham. Nashville,
Thnmaavllle and Wilmington, 72t Shreveport.
nn Antonio nnd Macon, 74t nalreston, ew
Orleans, savannah and Tampa. 76i (jorpue
hristl. Mobile, Augusta. Charleston and
Jacksonville, 78
There wna .01 Inch of precipitation at
Rnletgh and lMlmlngtoni .02 Inch at Nsvan
nahi 01 Inrh nt Charleston! .12 Inch at Chat
tanooga! ,22 Inch at Knoivlllei .32 Inch at
Oklahomai .38 Inch at Fort Smllhl .42 Inch
nt Atlanta.
NEW TORK, June 1.
An excited advance ln cotton prices fol
lowed the publication of the Government
crop report indicating the poorest Initial
prospect on record October quickly shot
up to 21 65 making an advance of 38 points
from tho low level of the morning and ti
points from last night's closing figures.
Prices sold up more than J3 per bale on
tho heaviest general demand which the
market has witnessed In mahy weeks. Not
only was thero heavy replacing by specula
tors who had sold out during the last
week, but the trade, both domestic and
foreign, bought an enormous number of
contracts on the low bureau report
All deliveries made new high records
for the season, but above 2H4o very heavy
realizing vvai encountered, the disposition
to take profits being promoted by renewed
nervousness over tho submarine situation.
October sold off to 21 16, nearly as quickly
as It advanced with later fluctuations very
rapid and Irregular.
At the close prices were from 34 to SG
points higher.
A canvass made of Cotton Exchange
members Just before the Government re
port was Issued showed that a bureau re
port of nround 71 per cent had been ex
pected on the average and the official fig
ures vvero well below alt but one of the
private reports recently Issued.
Yes closv Open. High Xow. Close.
July 2171 21.78 22 34 21.60 22.26
October 2121 2125 21 86 21.03 21.77
December ...21.10 2188 21 21.18 2185
January ....2134 21.3ft 22 00 2116 21.00
March 2151 21.58 22 10 21.48 22.10
Kpot . 2J 10 . . . 22.06
MR. EMPLOYER:
vJc have a syetem which will enable you without
coot to place with every one of your employees
a $50.00 or $100.00 LIBERTY BOND hy
paying either $1.00 or $2.00 a week for 50
weeks. If you are interested we ahallhe .pleased
to hear from you.
National 'B&nk.
OFeBllLADETjJflJAJ
315 Chestnut St.
SINKING FUND AND REDEMPTION PLAN
To the Holders of
PHILADELPHIA COMPANY
First Mortgage and Collateral Trust 5 Gold Bonds, due March 1, 1949
Consolidated Mortgage and Collateral Trust 5 Bonds, due November 1, 1951
Over 75 of the $6,500,000 First Mortgage Bonds and over 80
of the $15,148,000 Consolidated Mortgage Bonds outstanding have been
deposited to date. ' (
The time within which deposits of the above bonds may be made
has been extended to and including June 30, 1917.
No further extension is contemplated.
t
BROWN BROTHERS & COMPANY, MONTGOMERY, CLOTHIER & TYLER,
Philadelphia. Philadelphia.
JEROME HILL & COMPANY,
Pittsburgh
V
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