.
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I
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U "
EVENING LEDGER-PHILADELPHIA, MONDAY, JUNE 4, 1917
iJ
REILLY, BROCK & CO.
BANKERS
INVESTMENT
SECURITIES
MUNICIPAL
RAILROAD
AND
PUDLIC SERVICE
CORPORATION
DONDS
106 CHESTNUT STREET
rnifjvnELriitA
The Safe Keeping of
Liberty Loan Bonds
Don't rtfretn from httfrng your
Governmtnt becautt o hav no
fottltttes for ktepxng bonds.
Banks, Truit Comptnles and
Safe Depoiit Comninlei have
Eeneralty agreed to hold Liberty
oan Bonoi in limited amounts
free o( charxe.
If you cannot secure such ac
commodation our Customers Se
cunties Department will hold
your bonds In amount not to
exceed 35,000 and will collect
your Interest without charge.
The National City
Company
1421 Chestnut St., PhiladelphU
Jvew York Cbleeco Sia FmdcIko
Bo, loo I'ltiihiirfti
FINANCIAL NEWS
OPERATIONS IN MARKET ARE CONFINED
TO A LARGE EXTENT TO PROFESSIONALS
Few of Important Traders in Street, Being Absent Because
of Holiday Tomorrow Flood of Disquieting Rumors,
Most of Them Referring to War
High Points in Today's Financial News
Professionals in control of stock market all through day's trading, with
most prices lower at the close. Curb strong and fairly active. Grain and
cotton higher. More gold sent to Spain and Japan. Philadelphia bank
statement showed gain in surplus and fall in loans for week, liar silver
higher. Ruling rate for call money in Wall street t, per cent. New high
record for Spanish exchange.
NEW YORK, Juno 4.
With n business clay Interjected between Sunday and tho holiday ordered
by tho Htorlc Exchange on account of registration under tho United States
law, !t nan to bo expected that rnarkct operations on tho Stock Exchange would
bo confined to n. largo extent to tho professional traders and to tho uptown
bear plungers Tew of tho Important operators were on tho Street, there being
a general disposition to remain nwny until Wednesday, nnd tills absenteeism
left many stocks In tho control of thoso always disposed to work for lower prices.
These Interests found Incentives for bearish operations In a flood of
dlsciulctlng rumors, most of thm referring to war events and no ono of which
was confirmed. They wero effective In answering tho purposo for which they
were circulated, Inducing somo pressure against many of the leading Issues, nnd
their Influence was reflected In a generally lower rango of prices at tho end
of tho day.
Special weakness was shown In tho Marino Issues because of tho fact that
tho annual report, piescnted nt tho stockholders' meeting, made a disappointing
showing of net earnings for 1916.
Marino preferred was unsettled and dropped from 83.; to 79$., nnd tho
common Bold down from 2D", to 27i. United States Steel common ranged
from 128ft to 128, and tho railroad list generally hold off under small offerings.
Uethlohem Steel "H" was exceptionally actlvo nnd strong, moving up four
points to nbovo 138. Industrial Alcohol, nftcr selling down to 1384, rallied to
abovo 139. Tho trading was so professional that no significance could be
attached to tho various prlco movements.
Tho bond murkot showed n generally firm lone, with Anglo-French 5s traded
In nt 93'4 to 934. und a number of the Industrial Issues were In demand nt
slight fractional gains. Missouri Pacific 4s sold down from G14 to CI.
OlhnFinney
& Company
.AUTOMOBILE OANKER3
Offer special facilities for In
dividuals or automobllh deal
ers to finance tho acquirement
of pleasure cars, for business
houses to finance the acquire
ment of commercial cars or
trucks. If you are thinking of
purchasing :v car of any kind
for any purpose the KINNEY
SVSTKM will make a better
business transaction for you.
REAL ESTATE TRUST DUILDINQ
PHILADELPHIA
TRADING ON CURB IS FAIRLY ACTIVE;
CURTIS AEROPLANE AT NEW TOP PRICE
NEW YORK, June 4.
Thcio was fairly nctlo trading on the Rrbad Street Curb today nnd somo
of tho leading Blocks showed a strong tone. Most Interest was attached to
Curtlss Aeroplano, which mord up to the new high record for the movement
of 30',4, with the buying bat,od on estimates ns to the earnings of tho company
under contracts ah catty In hand or which It expects to receive. Wilght-Martln
Aircraft, on tho other hand, was quiet, with sales nt 6',i and 6'S. Submarlno
Doat ranged from 32 to 31.
Tho oil stocks were generally fjrm, with Standard Oil of New York selling
nt 298. There was a largo volume of business in Anglo-American nt 18i to 18',i.
Sinclair bold nt 34; Merrltt nt 27'i.
Somo of the mining stocks were strong, with St. Joseph's being tho most
prominent of this group, selling nt 19 to 19V4. Information from tho Verde
district that tho miners had otcd to return to work today was without
spcclnl Influence.
Illg Eodgo was traded In nt 3ai and 3b and Jeromo at 17s. Magnnto sold
at 74. United Motors sold nt 297 nnd 29V4 nnd Notional Conduit nt 35U and 3S'4.
EXCEPTIONAL OPPORTUNITY
OFFERED
Atlantic Steel Common
Par $100
Dividend 10
Hook VAlua $210 a. share.
Net quirk assets S170 a ahara.
Approximate mrnlnti nao a ahara.
Modern riant good management.
Bought Sold Quoted
Circular on Request
WM. H. FAUST
1'IIILA. NATIONAL BANK III.UO.
rteckmi'eo.
OANKERS
and
nnniraDB
0th &. CHESTNUT ST8., N. E. Cor.
Hembere or Poll. Stock Eachang.
1,1.1,1 Wl A V . w a.
...,.. ...... ... i-t ior.
L's"iaaVfi1V
U. G. I. Warrant3
Bought and Sold
REED A. MORGAN & CO.
WRIT END TUUhr lll.IIH.. I'HILA.
Members of tha I'tilla. Htotk Kvrhanse
DIRECTORY OF ACCOUNTA.NT.S
tlllltNH SPEAKllAN
TUB BOURSE
I.KC1M, APVKHTIMBMENTW
fSU LsiATK Or FANNY UAKHAL1I, 1JK
3 teased Letters tsstameiitary on tna
aoova estate havuir Deen kr.ti.lru to THU
PKOVIDtiNT UKK AND IKUSf COMPA.N?
U- PHlLAUELrHIA. ail persona InHtiM la
too aald catata are requested to make pay
tosnt. and ihoaa having claltna to present tna
Hfflo, without dslay, at tna omca of aald Com
any, 401t Chestnut at., Philadelphia.
ASi O. WINO.
President.
"NOTICE IS HEREBY GIVEN TI1AT TIIK
firfiint barlnerahln ronslsllnr nf fnvl
Cooper aid Nathan Krlrltikln, tradlnr as Inde
pendent Bedding Co , at 2419 nidge ave., haa
been dlaaolved. Morris Cooper haa retired and
tha hue'neea of the manufacturing of beddlmt
will be continued by Nathan Krlvltikln with the
M,mf. V,1!?.? neme. Nathan Krlvltikln assumee
all llablllllea of the old Arm.
MOnillH COOPER
NATHAN KRIV1TZK1N,
Independent Deddlnr Co.
L Laeker Oreenberr.
Attorney,
MONEY-LENDING RATES
JJE7T YORK Money on call at 4 per
cent, high 4, low 4, last 4, closed 34,
ruling rate 4 per cent.
The market for time money was a shade
firmer today. Sixty and ninety days' on
tood mixed Stock Exchange collateral
wr raised UH per cent In both bid
and asking; rates and money was 44 per
cent asked for four months, against trad
ing at 4H per cent on Juno 1, The
lightly firmer tone was attributable to
tha large counter-shifting of funds Inci
dental partly to subscription to the Lib
erty Loan.
Money on industrials for all dates was
f per cent bid, Midday quotations were
4 4 4 per cent for all periods from
ilxty days to alx months.
rillLADELPIIIA Call, 4 per cent
Time, iGi per cent. Commercial paper,
three to six months, 4 HO 4 per cent
BANK CLEARINGS
Bank Heart ne today compared with corre
d. dy U.. two year.,
Hw TorK. 241.B3H 3i oir.ntrj I2llt.72,z7n
ei.wi.ioi 7n.n-to..nt jji.7Z1.17A
. miitJJ l".s2.s.:a iijre.oa
ysgr"1- "!-&&&.",:
INDUSTRIALS
Sit
Hhl Acked
Air Reduction K H14
American Stores 3S 87
Aetna Ilxploshes 3V4 31i
Amerlcan-IJrlllsli Mfg. . 13
American Marconi .. .. 2V4 'Wi
American Writing Taper. I 114
Canadian Car Co -' sn
Can Car . Kdy prcf f.l 70
Central Foundry 30 32
Central Foundry prrf ... 50V4 R1V4
Charcoal Iron 8V4
Cherolet Motors D ino
Cramp H3 ,
Curtlss Aeroplano 31 .IS
Caren Tool 11 V, 12
Carbon Steel n ln
Kmerson rhonograph ... 8 H1J
i:erett lleaney ii 25 Vi
Federal Ijo in
Haskell & Darker Car .. 40 14 loi
Hendco Manufacturing . 28 32
ICnthodlon Iironzo pref . . IVi 2V4
Lake Torpedo Iloat 8 1)
Lehigh Coal Sales 78 87
Lima I.ocomothe SI S7
Maxim Munitions -U 2
Marlln Arms 01 ' in
National Conduit 35 35H
New York Shipbuilding . 45 47
North Amer Taper Tulp. . Ity, 5i
Otis i:ieator 118 flo
Teerless Motor 13 15
Poolo Knglne 70 (10
Tlerco Arrow 41 1.7
Redden Truck 18 id
Santa Cecilia 20 2A
Santa Cecilia pref 55 flj
Scrlpps Ilooth 20 to
S S Krcsgo w I 10 tl
Standard Motors 1214 13
Steel Alloys a oil
Submarine 3314 33
St Joseph Lead 10 l, 14
Todd Shipbuilding 84 7
Triangle Film 1V4 la;
United Trollt Sharing... y
United States Steamship, 4T!i 8
United Motors 20i 2014
United Sugar 30 30V4
World's Film 1)4
Wright-Martin Air .... g R
Zinc Concent 3 314
rloae
(hale)
8IV4
30
3i
4
31
Al
8 Ml
1)7
20 H
12
8,i
22 If,
ii
84
58
2
0)
S3
47H
4
13
0
3 Mi
18
83
1
4T
SOTi
'"4
li
314
STANIIAU noil, STOCKS
Illinois 213 218
Ohio 380 30 303
Prairie Tlpe 203 200 207
Stand Oil of California. .270 275 273
Stand Oil of New Jersey 037 800 020
Stand Oil of New York. .205 300 208
INDEPENDENT OIL STOCKS
Harnett OH & Oas 2H 21)4 294
Cosden OH 13H, 13V 13
Cosden & Co ism, I3V4 1314
Elk Basin 1014 ioh 10V4
Federal Oil ., 0i;, B4 4U
INDEPENDENT OIL
Inter Tetrol
Houston Oil
Merrltt OH
Midwest Refining ..
Met Tetrol
Ohio Fuel
Oklahoma Iteflning ..
Osage Hominy
Rico
Sapulpa Iteflning ....
Sequoah ,
Sinclair
West St Pet
STOCKS Continued
Snt. clone
Did Aak.d (Snla)
.. 14V 1414 1414
22
MININO
Alaska Standard
Atlanta
Hlg Ledge
Ilutte Copper & Zlpc .
Hutto New York . . . .
Cashboy
Cal & Jeromo
Con Ariz
Emma Consolidated .
First National
Goldfleld Merger
Ooldfleld Cons
Goldfleld Florenco . . .
Ooldflcld Ken-anas '. .
Orecn Monster
Hecla Mining
Howe Sound
Independence Load . .
Jerome Verde
Jim Butler
Jumbo Extension . . .
McKlniey-Darragh . .
Magma Copper
Mother Lodo
Mines Co of America.
Nevada. Hills
Nead.i Wonder
Nlplsslng
Bay Hercules
San Toy
Stewart
Tonopah Extension . .
United Verdo
West End Con
White Oaks
White Caps
Yerlngton
. 2114
. tlYt
.134
. Sli
. 18
. 1014
... 84
...
... 014
... 1
...37
. . ?
STOCKS
...35
... 10
... 314
... 13
... ill,
... 714
... Hi
... 2V,
... 114
... 214
.. . 5
...33
... 18
. .. 14
... 114
... 8
. .. 5154
. .. 10
UJ
. . 73
, . . 38
. . . 80
. .. 43
...30
... 114
. . . 25
... 114
... 714
. . 3!4
...17
38
03
3
31
-MH
2714 27H
137 130
2A 2,V
20
1 or,
81',
ioy
31
V.
10
"4
s
0
1 A
33
40
1114
3n
1314
114
814
1
2li
Hi
3
0
A3
20
13
l
8
Hi
18
U4
78
40
53
48
32
1
28
194
1
4
10
0-32
214
3814
07
i
32
noNiis
Amerlcnn Smelters 5s... 03
Atlanta Charlotte Ss . . . 0714
Bethlehem Bs 0814
Cosden Oil 6s ,...10214
Cosden & Co 6s 08
Cudahy 6s 07
Erie 5s 0714
New Haven 5b 00V4
Russian Government 514s 73
Jiusslan Government 614s 80
Southern Hallway 5s . . . 07H
Sinclair Oil 6s 05
Todd Shipbuilding 6s 101
N Y State 4s 105
0314
00
084
101
100
100
OHi
07
78
83
07
102
106
37
II
3
I.TH
8
m
I ft
2T4
B
3t
8
0
'Mi
80
40
40
31
IV
18
0-33
214
38
1
33
0314
07T4
08
75
08
06
GAIN IN SURPLUS
Excess Funds in Local Institutions
54,669,000 Larger
t The Philadelphia bank statement this
week showed a gain of $4,669,000 In sur
plus over the preceding week Loans
declined J3.933.00O, while undivided de
posits were 12,783,000
Details follow;
. ..Plf- "r'v !
June 4. 1017 Increaaa June 8. into
1551,480.000 3 083,000 1508.838.000
J.7K3.IIOO 460.7U.0IIU
17.1100 U.44JUI0
40O 000 75.2411 000
J.ain.oon 171.203 000
8.003,001) 24.1US000
4.803 000 117.(100 000
18S.OOO 78.383.000
4.000,000 3,3U7,00U
Loafta
t)Dta (Ind 1 4?D.?D1.0fHI
Circulation 8,238,000
Due fr bka 88,111,000
lep. of bka 173,235,000
Ki-Clear II 20,310 000
Reav held . 103.111)3,000
Iteav reqd 80,731, nno
Surplus ., 23.anj.0li0
Decreaao.
Rurplua June 7. 1918,
1014, 112.883 00(1! June
June 3, 1012. 17,777,000
30,802,000. Juna 8.
2. 1013, 17.838.000;
LOCAL MINING STOCKS
TONOPAH STOCKS,
nu
MacNamara jg
Midway n
MUpah Extenalon 10
Montana ., ..,.., ,:o
Nocth Star , 10
Reacua Eula ;j
OOLDFICLD STOCKS
niua Dull
Booth ... ., .
Combination Fraction
nkinnnilflaM Tl It .
Dalay
Oro
S-nrt Kn
silver Pick
Miscellaneous
.01
.07
.04
.08
02
01
ns
10
Aaked
.17
.10
.11
.23
.12
.24
ArUona, United 31 . ,s
Vevada.,HIJI ,. ...... ,.,,,,.., ,44 .2
FOREIGN EXCHANGE
NEW YORK, June 4. The feature of the
foreign exchange market today was a new
high record for Spanish cables for thli
tnGement.
Quotations were:
Demand sterling 4.75, cables 4.76ft, sixty
day bills nominally 4.72-t, ninety-day bills
4 70t.
Franc cables 3.71M, checks B.7214,
Lire cables 7.04 4. checks 7.0514.
Swiss cables 5 04, (hecks 5.0514.
Guilder cables 4114, checka 4114.
Pesetas cables 22.80, checks 22,60.
Ruble cabljs 26.15. checks 26.05.
Stockholm cables 30.20, checks 30,
Chrlstlanla cables 29.60, checks 29,30,
Copenhagen cables 28.80, checks 28.60.
Reerve Ranks' Discount Ratei
Over 80 Over 80
up to 00 up to 00
Beaton
New York.,..
Philadelphia .
Cleveland ...
Richmond ,.
Atlanta ... .
Chicago
St. Louie...;
Minneapolis
San Francisco'
10 or
leaa
id
I
i
Aarlcul.
Over 00
Boaton A
New Tork,..k
Philadelphia l4H
Over 10
tip to 80
J
4
4
4
Is
8V4
4
t
Cleveland
Richmond .
Atlanta ,.!.
Chicago , .
Ht Louli. ,
Mlnneapolli
Kanas City
Dalla:
Ban FranrJaco
'A
A
I"
h
4
4
4
4
4H
Up to 80 Up to 00 modlty
la h
i
a
avi
Trad accptanc?a
Uif to thirty Axvm: over tafrtv a ! a v..
ivnti !.. tI.ta..! Jli" JLT "rT " -L.T. r
d ,iZiL 7 ""iVV-" " r"iS mo,,r
New York Stock Sales
Net
Itlch Iw Close, chte
S
20
8414
4PV4
0414
40
2014 114
8414 114
49 VA
041)4 , 14
6014
Alaska Old M. ... 814
Atlls-Chalm Co... 3014
do pref 8414
Am Unk Note pref 6014
Am Beet Sugar... 0614
Am Can 6014
do pref 10714 10714 10714 "54
Am Car A Fdry Co 76 7814 754 114
Am Hide & Lea .. 1414
do pref 6394
Am Linseed 2614
do prcf 034
Am Locomotive .. 74
Am Malt U
do prcf 6414
Am Smelting ....11114
do prcf 113
Am Sum Tob Co.. 8814
Am Steel Fdry ..7214
Am Sugar 118
14Ve 14
03 14
35
02 "4 14
73W M
9 I
83 414
08 100H "4
113 113
3514 3714 114
71 7114 14
11314 110 3T4
1414
(1314
2484
03
73
0
A3
Sales in Philadelphia
Am Tel & Tel ....1214 121 121 114
Am Tob prcf newl0214 10314 10214 1
Am Wool 84T(, 8314 A414
do pref 0814 08 08 14
Am Zlno & L pf. 04 01 4
Anaconda 85 81 8114 14
Atchison 101 V4 101 14 10' 14 '4
do pr 07 0014 0014 14
Atl Coast Line. .,112 113 112
All Gulf & W I 10(114 10314 100 V.
Baldwin Loco Co. flAOf, A3W 0'4 -I 14
do pr 10114 10114 10114 Vi
Baltimore & Ohio 71 '4 7014 'I 14
Bethlehem Steel 14414 143 14314 11
do pro 138 13314 137i 314
Bklyn Bap Transit 02 03 03
Burns Bros 101 10314 10374 '
Cal Tetroleuin ... 2314 2214 2314 "A
do prcf 84 8314
Canadian Pacific .180 160
Cal Packing Co.. SO 38
Central Leather.. 03 024
37
Cerro de Pasco
Chandler Motors. 80
Ches fi Ohio . .
Chi Great West.
Chi M & St P
do pref
0014
1114
73
37
88
0014
ll'
7114
10014 100
84
160
38
0314 1
3714 y.
88 114
(10H
1114 Mi
73 4-
10914 Yt
Chi & Northw
Chile Copper . .. 2214
Chlno Con Copper 8014
Col Fuel & Iron . 84
Col Gas & Elec . 4114
Col & So 1st pref 87
Con Gas, i: LA IM13
Consol Gas
Cont Can
do prcf
Corn Products . .
do pref .
Crucible Steel .
do prcf
.11014 11014 lioy,
22
88
53
41
63
113
!2'4 N.
8814
63
41
S3
113
10711 10714 lO'li
0114 01 04 114
10814 10814 10814
32 31 3114 4
104 103 104
80 7814 704 I
100 100 100
434 14
10714 114
13
Cuba Cane Sugar 44 4314
Del & Hudson ...10714 loo
Den & R G nref . 13 18
Dome Mines .... 11 11 11 14
Distillers Secur .. 1714 16 17 14
Erie 2814 314 2474
do 1st pref . ... 37 30 30 1
do 2d pref 2814 2814 28V4 14
Gen Electric Co ..10314 lflJ 182 2
General Motors . 101 103 10114 1
do pref 88 88 88
Goodrich BF.. 53 82 52 74
Great Northern pf 107 lOO'i 107
do Ore subs .. 34 33 31
Grceno Can Cop .. 43 44 44 14
Int Agrlcul pref .52 52 52
Inspiration Cop .. 03 02 03 14
Interbor-Cons Cor. 10 10 10
do prcf 58 58 58 14
52
03
10
58
Int Har of N J pf. 11514 115 H5'4 114
Int Mer Marine 20 27 28
8714 70 80 2
4414 42 44 1
00
4114
48
0714
(13
do pref
Internl Paper
do prcf
Int Nickel . . .
Kennccott Cop
Lack Steel . . .
Lehigh Valley
Lee Hul.ber.& Tiro 10
Loulsv & Nnsh 125
Max Motor 1st pr. 07
Me Petrol 101
Miami Con Copper 40
Minn rt. St L new 1714
42
00
40
4K!
03
02
18
124
07
08
40
17
14
14
1H
08 214
40
1114
09
41
48
007
03
10
121
07
M S T & S St M 107 107 107
Mldvnlo Steel . .. 03 02 02
Mo Kan & Tex .. 0 0
do pr 12 12 13 , I
Mo Tac w I .. 28 27 28
Nat Enam & Stpd 37 37 37
National Lead ... 50 B0 50
Nevada Con Cop 25 25 25
,I48 1487(. 14374 1
. . 00 00 00
. 34 33 34
124 124 124
. .102 103 102
. . 41) 49 49 1
.138 13714 138 li
N Y Air Brake
N Y Central .
N Y N H & II
Norf & Western
Nor Pacific ....
Ohio Fuel . .
Ohio Gas . .
Ontario Sliver .
Pacific Mall ..
Penna It It ..
Peo Gas & C. .
Pcre Marquette .. 18
Phlla Co 3414
Pitts &. West . 28
do pref ... (13
Pitts Coal ctfs . 80
Tress Steel Car pf. 102 102 102
Ily St(l Spring.. 83 8314 83
3074 30 30
03 91 02
00 80 90
103 103 10114
8
23
63
72
8
23
63
71
18
34
27
01
40
6
23
63
73 1
18
34
27
A I 2
40 .. .
64
43
1714
80
13
37
78
37
61
03
. 18
220
. 22
. 56
4014
01 V4
43
17
8514
12 1
27
75
37
01 1
02
105 14
27
85 1
41
8174
41 1
1
18
!1D 1
22
53 1
46
Hay Con Cop
Beading
Rep Iron & Stl. .
do pref
noal Dutch ...
Saxon Motors . . .
St I, S I'
Sinclair Oil
Seab Air Line. . .
do prcf
Savage Arms ..
Shattuck Ariz...
Sloss-Sheff S & I
Southern Pacific
S Porto Blco Sug 205
Southern It It... 27
do prcf 60
Superior Steel .. 48
Studcbaker 82
Stutz Motors . . .4114
Tenn Cop & Chem. 17
Texas & Pacific .
Texas Company. .
Third Ave It B.
Tobacco Products
Trans & Williams
Union Pacific . . .
United Alloy Steel. 48 48
Un Cigar Stores.. 100 too
Un Paper Board .31 31
United Fruit 138 137
Un Itwy Invest... 7 7
U S C I P & F... 23 23
U S Ind Alcohol.. 130 138
U S Realty & Imp 14 14
U S Rubber...... 01 60
U S Smelt & Ref.. 63 61
u a steei i3s 127 138 ik.
do pref 118 118 113
Utah Copper 113 113 113
Utah Sec Corp... 10 19 10
Va Car Chem 44 44 44
Va Iron C & C... . 08 66 68 1
Wabash pref A. . . 48 47 47
do pref B . ...23 2.1 25
Wells Fargo Ex. 07 0714 D7
West Maryland . 10 10 10
Westtnghouse Mfg 63 63 83 y.
Worth Pump & M 31 30 st
Wheel & L E. . . . 14 13 14
do pref 82 33 32 2
Willys Overland .20 28 20 1
Wilson Co 72 72 72 . ....
Ex dividend New York. Chicago and St
Loula drat preferred 2W . Union llag- and Paner
new. 114 i Hallway 8tef Bprlnrs preferred, IV
Total asleai 14,800 shares, compared with
1,300,300 share laat Monday. '"n"a wn
04
43
17
84
12
37
75
27
01
0214
204
30
65
44
80
4114
10
15
2181,
21
65
48
133 131 131
48
100
31
137
7
23
u
1
1
130
00
81 1
100
7
10
6
10
110
238
70
20
43
201
33
3
60
371
200
10
121
031
381
637
4311
170
100
Tnl.il
ir8,2
lllh
Am Stores 30
Am Bys pf 0174
Bald Loco 61
Cam Iron. 41
Cam Steel. 11.7
Erie . ... 23
Lk Sup C. 21
Leh Nav. . 1874
Leh Valley 03
Mlncblll 871ft
Penna R It 83
Pa Salt M. 08
Phllu Co . 84
Phlla Ulcc 3014
PUT tr cfs 20
Reading
So Rwy .
Ton Bel.
Ton Mln
Un G Imp
do war
V S Steel
Warlr&S 0
Wm Cramp 83
02
27
4
0V4
70
2774
128
Iw
86
01
04
41
143
24
20
76
02
6714
8314
08
34
30
2914
02
27
4ft
a
78
27
137
9
85
Cln
36
01
84
41
14.1
24
20
70
62
67
83
08
34
30
2974
03
27
4ft
A
78
27
128
0
83
Net
chte.
74
114
1
3
114
14
114
14
2
14
14
i
'ft
li
ii
14
14
aire. SOA7 shares, compared with
shares Ht Monday,
SlflOO
I000
10000
1000
2000
6000
7000
6000
4000
600
1000
IIONDS
llla-h Low
Am O A I! 02 02
City 4s '13 100 100
Leh Nov
cons 4 Ha 9914
Lehigh Val
gen 4s.. 80 88
do con
4js 2003 07 97
Net
Close ehye
02
100 111
0974 9974
86 li
97 li
L VnJ C 6s 102 102 102
Pa Co temp
cts 414s. 00
Phlla Elec
4s 00
do 1st Gs.101
Stand Gas
A i: 6s 100
Welsbhch
Co Bs 08
00
00 li
00 00
100 100
100 100 1
08 98
Total sales, $I0..100, compared with 813,700
last Mnnrtfi
r
Local Bid and Asked
American Stores
Prill J O
Huff A Pvari t l
dn prcf t c .
Ilaldnln
Electrlr StornKO
(Jeneral Asphalt
do pref
Kejstone Teh phone
Lake Superior Corp
Lchtah XavlKHllon
lrfhlsh Vnlle
Lehlah Valley 'I r
do pref
Pcnnslan!i
Philadelphia Klntrlr
PhlUidelphu (omp.tn
do 5 per cent prvf
do (1 per cent pref
Philadelphia It T t r
Heading
Tonopan llelmont .
Tonopah Mlnlnx
t'nloti Traction
United (las Imp
United States .Steel
York lUy . .
do pref
Wm tramp t c .
Today
Mid Ask
30', .111',
J7 -!i's
r.-. .-i7
.VI S2
(114
20
.,)
11
20
ill
!-
2-"
41
r,.v.
311
.-11
a.;
as
2'tJ.
4
III
tij
u
20
711
1.3
&
:in'
3-.
.TV
311
2H
"A
4
11
ftalurilny
lll.l Ask
;w
nil
50
III
ill '4
4ja. ivu
78V, 7K.
12M' last,
13 II
8H', 37'
ts.- ml
20
11
20',
711',
in
2-'(
43
AJ'
.111
31
3J
31
2114
111
4
II
4. "4
(.3
21)
,"s
62
II 1 1,
o-;1,
l"j
J!i
(1.1 ',
21
41',
5.1 1 i
.-III',
:c.
33
.'ID
311
in'.
4J
414
711
12!I'4
H'i
371,
80
New York Bond Sales
1000
140(10
387000
2nm
Mono
24000
11 nno
2JIKIII
1 -11111(1
2IIIIO
lnoun
211110
HIIOII
10011
11100
71H10
.111110
.111110
I nun
.141)00
31100
4IKIO
llllli ID
Minn
21000
Inim
innn
Innii
1(11100
im hi
1 nun
26.10
ICMIfl
3111 in
Stinon
innn
2nnn
40011
4(inn
1 mid
lnono
1001)
jne-n
IO11O
r.nnn
8000
nnnn
7xnnn
innn
r.nonn
120(10
40(11)
2nnn
40(111
anon
lr.nnn
r.nno
2000
mini
21000
nnnn
innn
r.nnn
3nnnn
1 mm
2nno
r.nnn
1 r.nnn
lnnnn
1 (inn
r.nno
10IIII
3inno
2nno
22nun
.innn
2nnn
innn
2000
11(100
linno
r.nno
4non
2nvm
r.nnnn
7000
.1(000
01701)0
nnnn
47000
8nnn
4000
Minn
1000
1000
1 Hall
74
103
. . HI
mi',
. tin
.Inn
. 811
HIS
. no
111!',
Adams Express 4a .
Am Act del, 8s .
Almlo-Krenih 5a ...
Am Tel As
tin 8s
do fvt 41, a
Am Writ Paper As,
Armour Co 4Ha .
Alrhlson Kt n 4s
Halt L Ohio .'..
Ilrook Hap T As HUH
1 an i.u, , ,,n 1 11,1
do r.n nun , .
do r.s nil
Cent It H N J r.s
Chea Tlhlo cv 4',
do 4'Hf
do conv 6a
Chi t Nn 31, s
Chi II A Q sen 4s
Clu nf I'nrla lla
Chi Itwy As
Chi XI & St P Ren 4s
no conv
II K
mi
llll
I in
in
881,
Mil,
78
urn,
ini,
111
in1,
ll'H,
nil,
07
in'.
1IM
do tv 4'As
do Ken 4H s
Chi It I A P As.
Cumberland Tel 'is
Corn Produeta 1074 As IIKl,
. ."ill oi ri tm I e i, 114
Chinese (lovt 5s , on.
Den '. Hlo Or 4s . 71",
Detroit United 14, . si
Ills Secur Corp An (II
French Itepubllc A', a. Oil',
Oronhv Kmelt 0s Injii
III Slid del, 4'qa KSl,
Interb Mel 4", a nil
Japanese 4', a SO',
Knn Cllv So As Ml'
Ijirka fltrel As 10MI 11111.
Lk hhoro deb 4s 102S 02
do deh 4s 1031
Lou A Nash Ren 7s
T.eT tr Krle r
Mldvalo Htei.' As
Minn St P S H M 4s
Miss Par w I 4s
Nash Chttt 5a .
Nftt Tubo As
N V C ft II fls
do 4s ',
do 4', s
do 4s 10.-11 . . . .
do 4s 1057
do 4Ha 10(11) .
do 4', a 1001
N 7' (!. II , p 4s
N V N 11 II (Is
N 7 Ilwy ad I As
N 7- Tel Ken 4V4s
N Y IV C K n l',a
Nor Par 4s
Ore Short I, 1st (Is
Nor (las As
Pen Marquette As
Penna 4a IPIS
Penna Ken it 44s
1'uli Serv Corp Aa
ueaninc Ken 4a
3
..rn.tiiiK K"l -H , . , -,
St I. I M 4 So Ren Aa Il7'i
Knnth 1I..II -.- n-lJ
111',
lln'4
w4
in
US'.
(IIS
llll's
inn
.mn'4
.lnii'J
. MS
. us
. nn
.lon'i
mi',
. 7ft',
. it
274 II14
All
s4
. nis
S'i4
. ii i
ni'i
. K
. 01
South Hell
South Pac cv 4a
do As .
do con Aa
South Hwy Ken 4a
do ton As
Studebaker Corp As
Texas Co cv fis
Third Ave ne'v 4a .
Toklo As
I' S S It II fls .
U S Itublier Ha .
IW CI IIS )W4
t'n Kin Ot n 4 Ire Aa 07',
Union Pac 1st 4s . II3S
V K CI n ft I ,14 a '18 01S
do ,1Ui nv 1019 . 1)14
do A4a 1019 .. flOS
do 84s lO.'l (17,
t'n Psa nf Ht Loula Aa A0
Va nwa Aa 044
West v'd 1st 4s 07'J
West Shore 4s . .81
IV est Union 44 s . 024
II?',
09S
01S
US'.
IIS4
lnn'4
lni
n-,4
78
mi
in'.
Low
74
luj'4
034
'1114
iih4
li -i
bfl
111',
811 V,
1)114
lis 4
'IK
llll
llll
111')
III
ss',
ss
7S
nns
n IS
in,
m
nsS
ni',
7
111',
lis
llh'i
111
ll'H,
714
81
(II
ni',
in.i'4
RS4
(144
Ml,
so'i
1014
lU'i
ni'i
1104
01)4
in
ssS
ill
1044
Inn
inn
inii4
si,
08
tin
ion
int4
71)4
II-.
214
1174
A'l
sS
KS
III",
M)'i
P7
nii
874
ni:
1)7 'I
074
814
nns
1)04
ni'I
084
lonv,
101
(i4
784
107
01
874
B74
Olil
on'i
no
064
07S
A0
B44
IMT4
87
024
Close
71
111.".
1114
l"I',
list,
1(10
81)
1)14
8114
WIS
IIS',
IIS
llll
1111
lll'l
111
8S't
SS',
7K
0114
11.1,
ni
ni
un',
in',
07
014
ns
US',
111
ii
714
81
ni
on'i
in.",
884
o-
8(14
8114
mi',
tl."i
111',
11H4
mi 4
in
8S4
1114
1014
inn
inn';
ion',
MS
ns
ii'i
inn
mi4
711 '2
PI
8SS
ss
nis
so 4
07
111,
S7i?
ii.
071
1HS
074
814
litiS
no 4
ns,
084
innvj
101
(ii4
07',
03'J
004
nos
06S
MS
80
044
lift',
81
024
To(al t'es, 12,270,000, compared with 3,278,
000 last Monday.
NEW YORK COFFEE MARKET
NEW YORK, June
coffee futures opened
and 2 to 6 points low
call was quite active,
11.760 bags.
Today's
4. The market for
easy this morning
er. Trading on the
sales amountlngto
opening
7 on
8 0008 03
Juno . .
July .
Aiutust
September . 8 0808 10
October
November .
fiecember .. 8 2308 24
snuary
February ...
March 8 40O8 43
April ...
May 8 4468.46
Today's
close
T.81J17 83
7 88 a 7 00
7 01R7 04
7 07W7 08
8 0208 0.1
8 flflJiR 07
8 KlflR u
8 15R 10
8 20ft8.21
B2ifJ8 28
8 28 8.30
8 3108.33
Saturday's
close
8 0008.02
8 01 8 07
8 00ff8 10
8 1208 14
8 lfl8.18
8 20 OS 22
8 27C8 20
8 3108.12
8 3708 3k
8.4208.43
8 4808 40
8.6308 54
GOVERNMENT BONDS
2s. registered 1030
8s, coupon. 1030 ,
3s, reslstered 1018
3s; ciipon, 1018 ,
4s, reslstered 1023
4s, coupon. 102A ,
3s, reslstered 1046
3s coupon. 1040 . . , ,
Panama 3a, reslstered, 101A..
Panama 2a, reslstered, 1088...
Panama 8a, restatered, 1061 .,
Panama 3s, coupon,
nid
. 054
. 01S
. nss
. 08i
. 105
. 107
. 01
. 07
. 7;
. . 80J
'00
Asked.
10.7U
100
17V2 Acres For Sale of
Delaware River Water Front .
mm MMMiMMMMn
in Camden, N. J directly across (south) from Crama'
shipyard. Approximately (350 ft. front and 1200 ft, d?ep.
Adjoining property, 338 ft, front and 7 acres area, for sale
W. S. BRAY 210 State St., Camden, N. J.
rr.7-. a tt7vt-i -.to xirtTTnAV r.rTARAHTF.P
WITH CHANGES MOSTLY ALL LOWER
United States Steel Is Most Active Lake Superior Better
tvt....:. Unf CfF in A-ffppnnnn i
Additional Listings
Typical holiday trading ruled on the
Philadelphia Stock Exchange all through
today's session. At no tlmo during the
day was there any activity worth speaking
of In any Issue This was In line wllh
general expectation!. Many traders took
ndvantage of the holiday tomorrow to take
n triple holiday, leaving town on baturday
to return on Wednesday, the exchange be
ing closed tomorrow In common with other
stock nnd commodity markets all over the
country. ,, .
Krom the start prices went mostly to
lower levels, as compared with tho final
nuotatlons of Saturday, but In the ma
jority of cases the changes wero only frac
tional. It was In tho arbitrage issues that
movements ranged larger than a fraction,
although Cambria Steel, on the sale of ten
shares, showed a loss of 6 points
Most of the trading took place In United
... . , ... MAn nn,i it was lower all
Mates mcei tuiiiuiui. m. .- -",-,,
.u. .i, ft, iinv. flhnwlno: n loss In the nit-
ernoon of moro than Hi points Lehigh
Vnllcy declined a little more than a point,
while Heading was oft nearly 2.
Kor n brief period In the morning Lake
Superior Corporation stock showed some Im
provement, but It was not long bfor, S
uuvuuto wuo iuov mm a time more. rv-Ti
a little more than 250 shares of ths 5
had changed hnnds up to mldafternoA?
the afternoon City 4 per cent bonds eniS
vn.t.u wu. v., inJC tt, 4UU, a 0S Of ,
points as compared with the last rei!i
saio on may , wnno Standard (iss
L'lectrlc 6s wero ott a point ot loj "?
Additional listings were announced 'iivt
as follows: American Telephone and t!u
Brapn, eio.vuv naauionai stock. yn ,7
Unlisted Denartment: tlORnnn .7.?.
Commercial Trust Company' certlncatVTS
aeposu i-niiaaeipnia company consiui,
mortgage and collateral fi n ... i'1!
making $11,670,000 listed, nnd J150 66?
dltlonal Provident Life and Trust Comn,
certificates of deposit for Philadelphia S3
pany first mortgage nnd collateral trust?
making total listed 4,908,000, and addlUiU
al Olrard Trust Qpmpany deposits receto
for IT300 nddltlonal preferred and IIJjJT;
dltlonal common stock of the Lehigh vlo
Transit Company, making total nref.i-2
S3. 448. 850 mill (nlnl m.. .1 l1"
listed. "" "-1"
MERCANTILE MARINE
EARNS $51.23 ON STOCK
Figures for lt16 Fall Below Estimates.
Excess Profits Tax Cuts
Incomo
NEW TOItK, June 4 The International
Mercantile Marine Company, according to
an ofllclal estimate furnished by President
Franklin at the annual meeting today in
Hoboken, earned J26.290.6D5 In th- calendar
ear 1316. equivalent to J61 23 a share on
J51.725.721 preferred Btock. This compares
with 11,7,581.600 or 26 27 a share en the
preferred earned In 1915 nnd with a deficit
of $302,428 In 1914. The 1916 figures fall
far short of the estimates made on basis of
good earnings in the first part of that year.
These estimates ran from $80 to $85 a
It was alio brought out at the meeting
by Mr Franklin that the company. In view
of tho disturbed shipping situation, has de
elded not to take up the question of liqui
dating accrued dividends on the preferred
stock amounting to about $88
Exact earnings of the Marine company
cannot be given now because of the delay Ir
getting returns from British subsidiaries
They will be Incorporated In the annual
report, which Is expected some time during
this month Estimated gross earnings after
providing for British excess profits tax were
$87 967.664. compared with $61,669,167 in
1315 Expenses Increased from $33,399,386
to $54,306,891
In his remarks to stockholders, President
Tranklln said: "Althongh some of the Brit
ish atcamers owned by subsidiary com
panies had previously been requisitioned b:
the British Government about April 1, 1917,
the Government requisitioned all steamers
under the British flag, which Included all
other steamers owned by your British sub
sldlary companies not theretofore taken
"It was also decided Ly the British
au horltles to Increase the excess profits
duty from 60 to 80 per cent, the latter
rate effective from January 1, 1917.
"This change of policy will seriously
affect the earnings of our foreign subsid
iary companies, by whom about 83 per cent
of your tonnage la ownel"
More Gold for Japan and Spain
NEW YORK, June 4 The Subtreas
ury hts transferred $2,000,000 to San
Francisco Incidental to further gold ex
ports to Japan. Gold coin to the amount
of $800,000 has been withdrawn from the
Subtrcasury for shipment to Spain.
DIVIDENDS DECLARED
lean Petroleum nnd Transport r
r .quarterly of 14 per cent V?
jck. payable July 1 to stock St ft
Pnn America
pany, rerular c
preferred atock
utu iiunii in - -
Continental Pnsaena-er rtallway Coiiim
Mv.v .... c" ""y " noose ao not elo .
Unite! Drue Company, usual Quarter!, li
per cent on the common atock paiabla ili
to atock of record June 15 "ia Jl,j
Union Traction, regular semiannual of I w
cent, pajable July 2 to atockholdera of rU5
June 0 " "l
.A.T"JCBn A5ooltn. Company, regular amr!.
of tl 75 on the preferred and $1 SB on iff?
mon stocke. pavablo July 10 "" e,"
Pittsburgh. Fort Wavno and Chicago Rill
Company, rexular quarterly nf 14 per eJ,72
the guaranteed and special ruarante.it lL?
The dividend on the special cuarameed Is S
We July 2 and that on the guaranteed oVJS
3 to atock of record June II ''""a "J
.a '"-American Petroleum Transportation r.
pony, rerular quarterly of H, p?r cent rS
ll'J'll'A "'0:k' Poyab" July 1 tS afock 7!
-etTVi,10" .wo''n Company usual atari.
of II 75 a share on the preferred and li 2
tho common, both payable July In to JtejiS
record June 15 Books rinI. 5i. W ''M
open Juno 28 "" 7V
-?.e,l!",.aJ,' Mackinac Hallroad. remi.r uJ.
n5,nURi 's "r cent on the preferred Si
"bn MUly 2 ,' "0;k of "(arii June 15 '
.......c .n.utaiuD company, reru sr mt
oFnrUeacord'.odPayr ""'' PaSEle Jun " 3
semiannual of OH per ""m iwl'SWfZ
realstered Juno 15 , Dooks do not close "
Weat Philadelphia Passenger Hallw'ar f.
rany. rerular semiannual of 10 per eeni S
5S"noJtUc1oie. " """"" """ ' blS
Exports Increase Despite U-BoaU
...WA..!!l??9T.9?-. .."". i TrTle .Prellmlnarf d
ulr; .-" ""' iii vaiue oi united states eiW,
jears aa follows 600 omitted) "cv"'u "
Jlh.UCHANDI.SR
inia
S2la.:7H
npnii IVH
Imports !2M 911
r.MPi.
Gxresa of expta.
Ten months.
Imports
Kxporta
uxcess or expta
570.41(1
276.400
2 072,001
a IA7 una
3.0953!SD
S0S.5.
180.332
1 722.HDII
.3I)7,I1II7
1.0(1. out
An-Mi
Imports
Kxports
Excess of Impts.
Ten months:
Importev
Imports
Excess of expta.
SILVER
April:
Imports
I'xparta
Excess of expta.
Ten months:
Imports
Kxporta
Excess or expis
GOLD EXCLUSIVE OP ORE
lOIT
(32,572
10.005
15,407
R33.B74
107.051
UBB.OIO
loin
70,121
11,502
'5.381
317.052
70 0IX
273.033
EXCLUSIVE OF ORE
1017
12,375
4,877
1.077
1ll
I1MI1
21117(1
1UUJ
l.74 1
2.27J m
B91IN
IJ1I
I14M
. ll
15 H
mum
14J1S
34 NI
28.027
H.1,04
35.015
loin
J2.170
4,87
2.079
2K.24S
48 015
10.687
ltll
UWI
4
l.m
4J
ltoti
1
a
Mt 1017. ?
. Tei?y- Sat. M-day High. Lee
(pence)., so., SR14 Hoi a, iiii
7t 741 70 7U
Excesa of lmporta tExcess ci exports.
BAR SILVER
liUIIUUII fJrilVC(i onT
New York (cents) 75'4
I
F you have no bank
account
If your employer will
not help you purchase
a bond on the gradual
payment plan
Then come to the
Corn Exchange Bank,
Chestnut at 2nd St.
We will make it possi
ble for you to have a
part in the Great
Liberty Loan.
Payments as small as
one dollar a week.
may be arranged.
No charge for our
service.
This bank is here for the
benefit of tie people
of this community.
Come in we are here
to help you.
Corn Exchange
National Bank
Philadelphia ,
Hi ''..vAri,
Jf-
ilalktrJ