7F K. ri
4 '
A
ft -
-
1 - i '
- - eXit.
it?
"J"
I'M
1 'I
kSSfeu
iir.
'TK ,
t.
vaa
T
EVENING LEDGEKr-PHILABELPSlA, THURSDAY, JUNE 7, 1917
LARGE INVESTORS
DOUBLE YOUR SUBSCRIP
TION FOR LIBERTY
BONDS. TREBLE IT,
PLEDGING YOUR FUTURE
INCOME TO SETTLE FOR
IT.
SMALL INVESTORS
i
CONSIDER YOUR SUB
SCRIPTION FOR LIBERTY
BONDS. 'HAVE YOU SUB
SCRIBED FOR YOUR FULL
SHARE? SURELY YOU
CAN BUY MORE.
FINANCIAL NEWS
INDUSTRIAL ALCOHOL MAKES FURTHER .
. ADVANCE, WITH BUYING COMPETITIVE
Several Houses Representing Strong Financial Interests
on Market Talk of Extra Dividend of 100 Per Cent.
Gains in Other Issues
High Points In Today's Financial News
Industrial Alcohol attracted attention in Wall street by reason of further
advance, with talk of readjustment of capitalisation and 100 per cent extra
dividend. Some new high records recorded on Curb. Corn lower aftor being
high, with wheat higher. Cotton closed lower, Bar silver higher, Russian
excliange at new low.
No Safer Investment
than tha
Liberty Loan of 1917
Subscribers to this loan will
have the satisfaction of show
ing their patriotism in a prac
tical way and owning a bond
which is probably the safest
investment 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.
JIUIUUS WISTAR STROUD, Jr.
Manager
437 Chestnut St., Philadelphia
New York Itoaton Detroit
London rrle
William r. Donbrlght ft Co. Donbrlcht A Co.
e.iu.eiareo.
BANKERS
(EeUbUabed U31)
321 Chestnut Street
Philadelphia
NEW YOrtK, Juno 7.
The continued competitive buying of Industrial Alcohol mado that stock
command most nttontion In today's trading on tho New York Stock Exchange
Sevoral houses representing tho strongest flnindal Interests wcro buyors of
tho stock and carried Us prlco up to 166. within CV; points of Us high record
of last year and comparing with the low record of 02 V4 lost Decombor. Yes
terday tho stock roso 16 points.
Tho low level of this year was made on April 21, when tho stock sold at
100M. In all tho tlmo since then there has been evidence of an increasing
short Interest, with ho stock londlng flat or at a premium, while tho rate
for other stocks commanded a carrying charge of 3 to 4 per cont.
Nearly nil tho trading element on the floor was committed to tho short
side at frequent Intervals, and somo of the largo operators put out extenslvo
lines of shorts and aro understood to havo sustained sevcro losses.
From tlmo to tlmo reports havo boon current of a readjustment of
capitalization, and tho statement has been definitely mado than nn extra divi
dend of 100 por cent Is close at hand and that tho doublo capitalization will
then bo put on an 8 por cent dividend basis.
So far thoro has boon no opon corner of tho short account, but tho
exhaustion of resources resulting from tho violent advance has In itself forced
urgont covering.
Movements wcro extremely wldo In many other stocks. United State3
Steel common, which closed yesterday at 1314, advanced to 134H. a new high
record, and then dropped to below 132. Dcthlehcm Steel "B" roso 3 to 161,
also a new high record. Mexican Petroleum advanced more than 5 points to
103i, and American Sugar Itcflnlng moved up 2 to 119.
Many of tho minor stcol Industrials mado gains ranging from 2 to 4 points,
and at one tlmo tho railways showed moderato strength, with Union Pacific
moving up 2 points to 137.
Vhon tho speculative lntcrost was concentrated In Industrial Alcohol tho
natural result was that reactions occurred In other stocks. When tho buying
wavo was In full force It was attributed to tho western speculative clement,
which had for a long tlmo been active on the bull sldo of tho Street, but since
trading in wheat was forbidden on tho Chicago Board of Trado this element
has boon dovotiftg Us speculative attention to trading in tho Industrials.
Thero was no Bpeclal feature to tho trading In tho bond market, Anglo
French Bs selling nt D3 and 034, and somo of tho railway Issues mado Email
fractional gains, whllo others declined on trifling Bales.
MAGNATE
COPFE3EI
Tho coming Porphyry.
Listed and actively
traded in on the New
York Curb.
Send for our Special Letter
Hughes & Dier
Member. c!:!c.,i'",,,;o'ard"0rfkT.",Dee
1435 Walnut St., Philadelphia
IIS Broadway, New York
lVoolwortli Ualldlnc, Lancaster, Vn.
OlLINFlNNEir
& Company
.AUTOMOBILE BANKERS
Offer special facilities for In
dividuals or automobile deal
ers to finance the acquirement
of pleasure cars, for business
hoUBes to finance the acquire
ment of commercial cars or
trucks. If you aro thlnklntf or
purchasing a, car of any kind
for any purposes the FINNHY
SYSTEM will make a better
business transaction for you.
REAL ESTATE TRUST BUILDINQ
PHILADELPHIA
IIIKECTOKV Or'ACCOUNTANTh
THC BOUKSB
Increase
S1U.382
(12.007
65,335
71.37(1
' RAILROAD EARNINGS
RUTLAND RAILROAD
April rroat f 350,00s
Net .. A"1T
Four months' crou ... 1,821.481
Net 210,021
MISSOURI. KANSAS AND TEXAS
JTourth week May .... 11.039,340 1142.572
Month 3.208.MT 477,11).'
vmww iu.ovidojj on.au
DETROIT AND MACKINAC
Fourth week, Mty .... t 83.012 18 017
Month 117,218 U,W
CHICAGO, INDIANAPOLIS AND LOUISVILLE
Fourth week May .... 1224.224 12.877
Month 750.1133 34 333
Frew July 1 8, oio.sia 0S3,esi3
DIVIDENDS DECLARED
Kelly SprlniHeld Tire Company, resul.r quar.
terlr of 31 30 on the 0 per cent preferred atock.
payable July S to atock of record June 13.
General Petroleum Corporation, 10 per cent
on the common stork, parable Quarterly, begin
nine October I. 1017
Clut.it. Ptabody 6 Co., Inc., retuLr quar
terly of 1 per cent, payable July 20 to atock
et record June 20.
American Sewer Pip Company, quarterly or
10 cnte. payable June SO to stock of record
JTBlrard- Trust Company reauUr quarterly of
, ceatraraM 4uy S to atock of record
jqusunc oaipwnr, rmmuiMr
rwor, fya-M. vu rv to
.
PRONOUNCED STRENGTH SHOWN IN MANY
STOCKS IN BROAD STREET CURB MARKET
-"
NEW YORK, Juno 7.
There woro many stocks In which pronounced strength was shown In tho
day's trading on tho Broad Street Curb, with some Issues moving up to new
high records,
Carbon Steel attracted attention with Its further advance from 106 to 108,
and Curtles Acroplano moved up from 35 to 36. Thero was active trading In
Trlanglo Film at 1 to 2, with Indications of accumulation In connection
with developments now under consideration.
Intercontinental Rubber was another strong feature, selling nt 11 to 12,
Joining tho other Mexican stocks which havo been In Increased demand recently.
Air Reduction was traded In at 00 to S9'y&, and Submarlno Boat sold nt
33 to 32 H.
Oil Btocks wero generally quiet. Ohio Oil sold at 3C0, Anglo-American at
18?i and 18V6 and Merrltt Oil sold at 27',i. Somo of tho mining stocks wcro
actlvo and strong, Magneto selling at tho now high record of $1 a sharo.
United Vordo advanced from 40 to 41, and Mllford sold at 1U. United
Motors was again weak, selling nt 29U and 28.
Tho decline In Russian exchango to 25.05 for rubles cables was followed
by a break In Russian 5, falling to tho new low record of 71.
INDUSTRIALS
111.1.
00
33
3y,
8
Air Reduction
Am Stores
Aetna Kxploslves . .
Am-Hrltlsh Mfg ...
Am Marconi -a.i
American Writing Paper 4
Canadian Car Co 20
Can Car & Fdy prof 0
Cent Fdy 30
Cent Fdy pref 53
Charcoal Iron V4
Chevrolet Motors 05
Cramp "
Curtlss Aoroplano , 34
Carwen Tool UVt
Carbon Steel 103
Emerson Phonograph ... H
Federal Dye 40
Haskell & Barker Car ..41
Hondeo MfB 2
Int Cont Rub 11V4
Knthodlon Bronzo pref.. IV.
Lake Torp Doat Vt
Lima Loco 81
Maxim Munitions 2
Marlin Arms 03
Nat Conduit 33
N V Shipbuilding 43
Nor Amer Pap Pulp .... 5
Otis Elovator 50
Peerless Motor 13
Poolo tng SO
Pierce Arrow 40
Redden Truck 18
Santa Cecilia 20
Santa Cecilia pref 65
Scrlpps-Booth 20
S S Kresge w 1 10 .
Standard Motors 12 Vi
Steel Alloys tt
Submarine 32
St Joseph Lead 10
Todd Shipbuilding 81
Triangle Film IV
United Profit Sharing... Vi
U S Steamship Y
United Motors 28
United Sugar . ...l..f.. 30
World's Film
Wright-Martin Air 5V4
Zinc Concent 3
Tps. e'o-.
Aekcd. (Rale)
00 HO
37
3
12
4V4
30
70
31
52i
0
ino
88
30
12
ion
8V4
37'h
4'4
31
51
35
12
4 Hi
32
12
1
0
87
2H
03
35
47
6
00
15 s
00
43
20
20
02
40
11
13
o-n
32 V
10
87
"
5
28
30
5
3
41
10
05
33
's
0
33
19
80
2
5
20
6
3
STANDARD OIL STOCKS
Illinois 212 210
Ohio 358 365
Prairie Pipe 203 208
Stand Oil of California. .271 275
Stand Oil of New Jersey. 015 025
Stand Oil of New York. 203 206
INDEPENDENT OIL STOCKS
Barnett Oil & Gas 2 2
Cosden OU .! 13 13
Cosden&Co 13 13
Elk Basin 10 10
Federat Oil 5 6
Inter Petrol 14 10
Houston Oil 22 23
2
13
13
10
6
14
INDEPENDENT OIL STOCKS Continued
Yea. c'oct'
Rid Aokrrl
27 2791
133 130
2 A 2
18 20
101 10
8i 8
or, io
ll'
33 34
94
Merrltt Oil
Midwest Rot .
Met Petrol ....
Ohio Fuel ....
Oklahoma Rcf
ORago Hominy
Rico
Sapulpa Rcf . .
Sequoyah
Sinclair
Un W Oil
MINING STOCKS
Alaska Standard 33 40
Atlanta 10 11
Big Lcdgo 3 3
Blsbee Copper (a prosp).
Butto Copper & Zinc . . . 13 13
Butto New York 13 13
Cashboy 7 8
Cal & Jerome lit 1)8
Con Arizona 2 2
Kmma Consolidated .... 1 1
FirBt National 2 3
Goldflold Merger 5 0
Ooldfteld Consolidated . . 60 88
Goldflold Florenco 21 23
Goldflold Kewanas 15 17
Green Monster 1- 1
Hecla Mining 8 8
Howe Sound 5 o
Independence Lead 14 10
Jeromo Verde . . ; l 3
Jim Butler 77 80
Jumbo Extension 38 40
Magnate Copper
McKlnley Darragh 50 63
Magma Copper 15 48
Mother Lode 28 30
Mllford l-f, i
Mines Co of America ... 1 1
Nevada Hills 21 27
Nevada Wonder 1 1
Nlplsslng 7 7
Ray Hercules 3 4
San Toy 17 id
Stewart o-32
Tonopah Extension 2 ft s A,
United Verde 41 41
West End Con 04 07
White Oaks 3
White Caps l-f, '1
Yerlngton 31 32'
BONDS
American Smelters Ss... 02 03
Atlanta Charlotte Bs ... 07 08
Bethlehem 5s 08 08
Cosden OU 6s .'....103 105
Cosden & Co 6s 08 00
Cudahy 5s 08 00
Erie 5s 07 07
New Haven 6s 00 07
New York State 4s 105 103
Russian Got 6 3 70 73
Russian Govt 0s 80 83
Southern Railway Es ... 07 07
Sinclair Olr 6s 05 07
Todd Shipbuilding 6s ...101 102
(Snlo)
!7
ion,
8
10
1
38
13
111
3ft
1H
2
65
1
8
it;
1i
45
20
1
'
2
07-
i
32
08
72
80
MONEY-LENDING RATES
NEW YOUK Money on call opened
3 i high. 4 ; low, Z ; last, 4 ; closed, 3i
4 ; ruling rate. 3 per cent.
The tone of the money market for tlmo
funds was slightly firmer today, to the ex
tent that asking figures for all dates from
sixty days to six months were raised U to
5 per cent. Bids were unaltered at 4
per cent for those maturities. Accommo
dations on good mixed were not as freely
available at 4 per cent as heretofore.
Bank acceptances were unchanged at 4V4
Q3H per cent (or Inellglbles and 3 7-160
3 1-16 per cent for ellglbles.
PHILADELPHIA -i Call, 4 per cent
Time, 405 per cent Commercial paper,
three to six months, 4H4& per cent.
Bank of England Reserve Expands
LONDON, June 7. The Bank of England
return for the week compares as follows:
Thle wi,k. T.Mt tf1.
circulation ise.voo.uuu
Publlo depoelta , . ... 4T.S 8.000
Private depoalta . 120.7ft7.000
Government aecuritles . 43.247,000
Other recurttlei . los,74S.OOO
neecrv .....,.. ... ,. S4.5I1.0OO
Kroport'n ot r- 10 Uab, SHU7J4
aaak nt ..., ,
; t -
39.013.000
S7.4SS.000
110.481,000
! 3,080(000
5.033.000
4,333.000
i sir.
6B,W0,fc
FOREIGN EXCHANGE
NEW YORK, June 7. The foreign ex
change market showed further pressure.
New low marks were recorded In Russian
exchange. Ruble cables were quoted at
25.25 and checks at 25.15. This Is a dis
count of 60 per cent from the normal.
Quotations were:
Demand sterling 4.75, cables 4.76 7-16,
sixty-day bills nominally 4.72 ",4 and ninety
day bills 4.70U.
Paris cables 5.71 T4. checks 5.73 T.
Lire cables 7.04U, checks 7.05M.
Swiss cables 6.03, checks, 6.05.
Guilder cables 41 8-5, checks 41.
Stockholm cables S0.15, checks, 30,
Chrlsttahla cables 8.60, checks 29,10.
Copenhagen cables 28.80, checks 28.60.
DANK CLEARINGS
.Juillt e'aarlnaa today compared with corre
sponding day laat two years 1 w
t .ith 1!I 1015
New York Stock Sales
Advance Rumely.
Alaska Old Mln. .
Allts-Chalmera Co
do pr
Am Agr Chem. .
Am Beet Sugar.
Am Can
do pr 110
Am Car & Fdy Co 78
Net
IlUh. Low. Cloee. chsc
16 13 16
5 &
20. 28
80' 86 U
02 03
03 03
12 62
110 110 1
70 70
5
31
86
08
06
68
Sales in Philadelphia
do pref iu 118 116
Am Cotton Oil ... 43 43 42
Am Hide & Leather 13 14 14
do pref 03 61 01
Am Ice SCO 26 25 28
Am Linseed je4 21 1
do prof 08 02 62 1
Am Locomotive . 78 73 73
Am Malt 11 10 10
do pref 60 68 68
Am Smettlng ,...llt 100 110
do pref 114 114 114 1
do pref A 100 100 100
Am Sum Tob Co., 88 .86 80
Am Steel Fdy.... 75 78 73
Am Sugar 110 111 118 1
do pfd llt 118 116
Am Tobacco 107 107 107 1
Am Wool 85 51 84 Vi
do pfd 08 98 D8
Am Writ Pap pfd. 47 47 47
Am Zinc & Lead.. 33 83 33
do pfd 01 04 04 1
Anaconda 86 85 85
Atchison 102 102 102
Atl Oulf & W I.. 118 108 112 3
Baldwin Loco ... 00 66 66 1
do pref 102 102 103 ....
Bait & Ohio 72 71 71
do pref 70 70 70
Barrett Co 110 118 110 2
Batopllas Mining .1 1 1
Bethlehem Steel .161 fsi.151 1
Beth Stoel B 151 117 117
Brklyn Rap Tran. 02 02 02
08
37
61
34
74
Burns Bros 104 102
Butto & Sup Cop. 4 43
cal petroleum . . 23
do pref 35
Can Pacific 102
Cal Packing Co.. 38
central Leather .
Cerro de Pasco . .
Chesa & Ohio . .
Chi Gt West pref.
Chi M & St P...
do pref
Chi & Northwest.
Chllo Copper
Chlno Con Copper. 80
Col Fuel nnd Iron 58
Col Gas and Elec. 42
Col and Sth 1st pf 55
Consol Gas 100
Cont Can 07
Corn Products. . .
do pref
Crucible Steel . . .
do prof
Cuba Cano Sugar
do pref
Deero Co pref. . .
Del & Hudson. . .
Donvcr & Rio Gr.
do pref
102
43
22 23
53 51
160 101
38 38
03 03
-1
'
'
37
01
33
73
110 110 110
111 111 111
2 22 22
60 80
60 8(1
41 42
AS 31
100 100
00 01
33 32 32
101 104 101 -I-
81 81 81
108 108 108 1
37
01
83
73
43
01
09
.111
7
10
Domo Mines 10
i-niiaaeipnia.esi.sHi, 103 112.277,705 128.818 210
Hoeton .... 34.872.837 S3.0M jot 23 Sis Jo?
New York. . .883.034.287 326 em Aii 9!2'2!l
St. Louie.,,, 16.379.8SS lf.3S4.774 i!.2j8i
saeuvx mm MJ5te sffig
!I
23
30
33
38
44
01 ..
00 1
100
7 1
10
10
21 2
23
20
85
32
41
01
00
109
7
10
10
18
23
20
33
32
101 103 104
.105 103 101
. 89 88 89
. 83 51 51
.107 107 107
. 88 80 88
.108 107 108
34 34
48 45
128 128
103 103
19 20
81
01
10
50
1J3
27
70
43
70
41
51
103
22
40
00
03
18
115
127
60
08
98
10
05
0
27
38
80
25
61
04
10
69
113
27
80
43
70
41
Distillers Secur
Erie
do 2d pref
Elk Horn Fuel . ,
Gaston Williams
Gen Elco Co
General Motors ,
do pref
Goodrich B F. . ,
do pref
Grnnby Mining .
Gt Northern pr.
Gt North Oie subs 33
Greene Can Cop.. 45
Gulf Stato Steel.. 130
Illinois Central... 103
Int Agrlcul A. 30
do pr 51
Inspiration Cop... 03
Intcrbor-Cons Cor. 10
do pr 50
Int Harv of N J. 115
Int Mer Marino.. 30
do pref 82
Internl Paper ... 41
do pref sta 70
Int Nickel 12
Jewel Tea 64
do pref 105
Knn City South. 22
Konnccott Cop... 40
Lacka Steel 100
Lehigh Valley .. nt
Leo Rubber & Tiro 10
L & M Tob Co pf.115
Lou Is v & Nash .127
Max Motors 30
do 1st pref .... 08
Mcx Petrol 103
Miami Con Cop. . 41
Mldvalo Steel 07
Mo K & T 0
Mo Pac w 1 28
Nat Enam & Stpd 80
National Lead.... 89
Ncvana Con Cop 23
NY Air Brake 1BS 154
New York Cent.. 01 00
N Y N II & II 35 31
N Y Ont & West. 22 23
Norf & West 135 121
Northern Pacific. .103 103
Ohio Fuel 40 49
Ohio Oas 142 139
Ontario Silver . . . 0 6
Pacific Mall 21 21
Penn R R 63 63
Peo Gas & Co. ... 77 75
Philadelphia Co... 34 34
Pitts & West.... 28 28
do prof 02 02
Pitts Coal ctfs..., 51 49
Pressed Stl Car. 79 78
Pullman Pal Car. 115 115
Rwy Steel Spring 57 58
Rny Con Copper 31 30
Reading 03 03
Rep Iron & Stoel. 01 02
Royal Dutch 05 01
Saxon Motors ... 42 42
St L, S F 17 17
St L & Southw.. 20 29
Sinclair OH 50 35
Seab Air Line .. 13 12
do pref 38 38
Scars Roebuck
Savage Arms .
Shattuck Ariz .. 27
Sloss-Sheff S & I 03
Southern Pacific. 01
South P R Sug..208
Southern K It.... 38
do pref 87 80
Superior Steel ...48 47
Studebaker 81 70
Tonn Cop & Chem 17 10
Tex & Pacific ... 13 15
Tcxa3 Co 223 231
Tobacco Prod .... 88 80
Trans & Williams, 47 47
Un Bag & Pap now 81 81
Un Bag & Paper. 10 10
Union Pacific 137 130 130
Union rac pref. . . 79 70 70
United Alloy Steel 40
United Fruit ....110
Unltod Ry Invest. 7
do pref 17-
U S Cast Ir P & F 23
U S Ind Alcohol.. 183
U, Q Realty & Imp. 14
U S Rubber 64
do 1st pref .... 107
U S Smelt & Ref . . 03
U S Steel
do pref
1
1
3
4
61
105
32
40
00
"
18
115 3
137 3
30
08
101 3
40
00
0
37 1
30 1
89
33
151 1
00
35 1
33
134
103
40
140 1
5
21
63
75 1
31 .
28
03
60
70
145
36 1
30
03
02
05
43
17
20
55
18 Vi
28
175 175 175
80 10 80 3
27 21
03 03
03 03
05 205
21 21
50
41
10
11
15
222
58 3
47
81 2
10
48
138
7V4
17
28
156
14
03
48
138
7
17 1
23
100 4
14 1
03
100 100
63 03
131 181 132 -
.118 117 117
Utah Copper 116 114 114
Utah Sec Corp... 10 10 10
Va Car Chem 45 44 45 1
Va Iron C & C. 71 00 70 4
Wabash pref A... 48 48 48
do pref B 25 26 28
West Union Tel... 03 03 03
Westlnghouse Mfg 88 63 63
WestPao 17 17 17
do pfd 41 47 41
Woolworth 128 128 128 1
Worth Pump ft M. 34 88 33 1
do pfd B 60 68 68
Wheel & L U 13 14 14
W&LKpfd S3 S3 88
Willys Overland .. 20 28 28
Wilson Co U " "
Total ealea. 1.S4S.0O0 shares, compared with
l.OOfl.O.W eharea reeterdari thus far thle week,
3.201.700 eharea! same period latt week, 8,814,
OpO ih&ree. "
Bank of France Gains Gold
PARIS, June 7. The fveekly statement
of the. Bank of France shows Increases of
4,840,000 francs U gold ud HZ.OOO
frn 1b lira', v
Net
Cloee. chie.
20
69 1V4
55 5
6 2
28
151 6
51
63 1
21 Yi
10 1
01 1
61 8
61 2
23
63
Illnh. Low.
4 Allla Insur to 20 -
20 Bald Loco. 69 60
10 B ft S t C 53 35
40 do pref.. 82 82
35 BrUl J O.. 28 28
12 Cam Steol.165 180
25 Col F 4 Ir 61 Vi 7 V
1310 Eleo Stor .01 62
2763 Lk Sup C. 21 20
61 Leh Nav. . 7fl 16
88 Leh Valley 01 64
2 Lit Schuyl 81 81
330 Mldvalo .. 61 01
120 Nov Cons. 25 25
608 Pcnna R R 68 68
0 Phlla Co
cum pf.. 38 38 38 .....
2828 P R T t O. 80 SO 80
80 Phlla Trao 10 18 78 .....
80 Reading... 03 01 03 1
215 Ton Bel... 4 4t"i ii ft
43 Ton Mln.. 0 0 0 .....
133 Union Trac 44 43 44
380 Un O Imp. 18 18 18 H
1121 do war.. 21 21 21 la
8UnCosNJ.218 218 218 2
1608 U S Steel. 131 131 132 Y
20 War I & S 0 0 0 ft
215 Wm Cramp 88 88 81 1
Total ealee, 18.023 eharee. compared with
11.873 ahoree leslerdari thue fir Wj
37. SOU eharcai mine period laat week. 40.HUJ
enarei.
IIONDS
Hlgn. Low. Cloao.
asnnn Tlnld Loco
1st 6s ..102 103 103
1000 Eleo & Peo
Tr 4s... 18
10000 Leh Nav
cons 4 'is 99
3000 Lehigh Val
gen 4s.. 86
1000 cons 4s
2003 ... 00
1000 Pa Co Cons
temp cts
4s ... 00
0300 Phlla EJoc
1st 6s ..101
8000 Reading gn
4s 01
1000 Stand Oas
& E 6s.. 100 100 100
100 WelsbachC
6a oi oi oi 1
Total .alee. 831.300. compared with 131.000
reetenlan thus far thl k. S103.100i same
period laat uetk, 810O.BO0.
Net
cbie,
18
4
18
09 00
86 86
09 00 Vi
00
00
101 101
01 01
Local Bid and Asked
Today.
JJlcl. .iSK.
American Storee 30" Jii'e
Drill, j u
Hurt & Susq to
do prof
Baldwin
Llectrtc Btorato
General Arpliult
do pref
Keiaions Telephone..
Loko Superior Corp..
Lehigh .NaMfc'Jtlon .. .
Lehigh Vnlley
Lehigh Vnlley Tr
rlo nrf
Pennsylvania
I'ntla Kleclric
Phlla Company . .
do 5 per cent rref.
do per cent pref.
Phlla nap Tran t c. ..
Itc nrllnt ......
Tonnrmn IIMmont 4rSr
Tonopah Mlntns 0
L nlon 'fraction J
United O.ia Impvt -is
U 8 Steel 131
York Hallway 13
do pref 30
Wm Cramp t c .i
Yesterday.
Bid. ASK.
S3
6n
07
mU
30
09
70
gjj
&.
SO
:4V4
:i2
U34
OS
0.1H
3
1H4
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77
I! Hi
113
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441,
78'i
132
1.-H4
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b7
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ei
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11
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76
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23 Si
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63 Vi
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13 II.
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64 63
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7t)
111
33
44
63'
30V
33
35
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M
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0A
76-
New York Bond Sales
J1000 Amer Atr deb 6s.
filliHtu Anirln.Frfinch 3s...
L'Odd Am Foreign Sec 6s. . t'6Va
ijooo Alncr Tel clt 4s bfsva
23U00 do 5a 0U1
8000 Amer Tobao 0a Ill)
17OU0 Atchison Ben 4s .... HOI
lout) uaii a. umo b.... in.
Oooo do 8s
4000 do 4s
aooo lleth Bteel rfd 8a..
lool) Hush Term Ulds 8s
louo Cun Govt 5a 1UJ0..
7000 do 3a 1031
llooo Cent eLather 1st 5i
UO'j
t(i
DO
63
till '
U0
loov;
inmt rhK Ohio cv 41is.. 70
030011 Uo conv is 6HVj
3000 Chi n & Q Joint 4a.. till1.
KiOUO Oil M 4: fee P cv 4V, a 01
,000 cm it i r nu is .
1000 Con UaB conv Cs...
looo Cumberland Tel 8a..
loin) Den 4. II O 4a
0000 lJla becur Corp 8a..
I'OOO Dom of Can lOJOs.
7000 llrlo conv 4a Spr 1.
Ooooo Krcnch Hep B'.ia ..
1000 lien llec Ueb 6s...
1000 Hud & Man in 8s '
3H00 Indiana rtlcel Sa
80011 llllerb .Met l"j a . . .
1 duo Inli-rb It T ret is . . .
2IMIIIO Inter Agr 8a
loon Kan City Ter let 4s.
10000 Lacka Mccl 3s 193.1.
1300O do 3a 1080
10U0 Lk Sll deb 4s 1UJ8..
3000 Lis ( M T il
3000 Lorlllard 8s
7000 Louis & Nash 4a....
4000 Mldvalo Steel 8s
-HOD Mo Kan . T 2d 4s. . .
C00IK) Mo Pao w 1 4s
loooii Mont Power 8s.. ..
Bono N V Air Urk cvt Cs. .
7ono N V c & II 0s. . . .
7000 N Y City 4VtS 1UUI ..ion
10(100 do 4Us 101.0 100
3000 do 4' a May 1037.. lot
4000 N V N II & If Ca. . . . 01
11000 N Y Tel cen IV, a 4'i
3000 Norf & West 4s . . . HO1
13000 North Paclllc prior 4s SS4
3000 Ore Si Lino ref 4s . . . SON
1S000 Penna. gen ct 4V4s .. Otl'i
1000 do en 4V4s 1031,
1000 Pub Serv N J Bs k7'j
6000 Heading een 4s 01
4000 Seaboard A I. adj 6s. OS
2000 South Hell 5s 07
S000 South Pacific cv 6s... II0V4
7000 South Hwy con 8s .... 01V4
6000 Texas Co 6a 70
1000 Third Avo ndj 6a .... 43'4
Olfloo u a nubbcr ct ss.... ws
lUJi
us
:.7Vi
t3
llV
list
U'J.
.110',
. !
. 03
. 04
. 40'1
. Ill
. Oil
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111)
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High Low Cloeo
100'4 1O0V4 100"j
U3 UJ7
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00
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IIS US
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. 103 10J 111.'
. II44 U44 H54
. UJV, IU U3V,
. 70 70, 10,
. b3'i b3'4 b.l'j
100 lOOVs 100'j
.10!S'4 105 103
U3',i OJ'4
110', UVH
9S4 US?4
II.' 03
04 U4
40 U
t!0H 00',
on on
10.1V4 1034 103'a
luilVa 100', 10H',
00 T!
ion
lot
04
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00 '4
100
lot
U4
II 4 'i
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F0T4 80
on nn
103 102H
h74 bT"j
014 014
4
ns
1)7
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00,
70
434
87S
GS
07
110 ,
01)4
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434
HH
34000 V 3 Steel a f 6a 104 104 104
000 Union Pao 1st 4s.,
1000 do cv 4s
nOOO An rM 4n
11R000 U K O II & I BS 07S
27000 do B'4a 1018 OOH
liooo do 64s 1010 new., on.
20000 do B4a mm ..
47000 do B4a 1021 ..
lioon Wabash 1st Bs ..
4000 Wiat Klectrle Bs.
1000 West Md lBt 4s .
04
89
SIM
. 00
. 03H
1004
.100
. ca
04
ROH
R1
074
09
00'i
00'i
113'i
lllll'i
04
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884
074
09H
00
no
os
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100 ino
09 00
Total ante. $3,007,000. compared with 83,10.1..
500 jeitrnlun thua far tills weak. Si.lUJXXii
same period latt week. S7.4M.ooo.
GOVERNMENT BONDS
2s registered 1030 U5l AeiJ
2s ooupon 1030 0.1
3a registered 1018 os ,.
3i coupon 1018 0R
4s registered 1023...... 10.1 100
4h coupon 1D2.1 103 100
3s registered 1040 00 .,
Ss coupon 1040 00 ,,
Panama 3a registered lOSn 83i
Panama 2s registered 1038 o.1
Panama ita registered 1061 88
Panama Sa coupon 8S
Copper Market Strong
NEW YORK, June 7. Strength domi
nates tho copper market although business
13 not pf big proportions. Leading produc
ers have sold what little metoj they had
to offer for delivery before September.
Consequently, buyers In need of June, July
and August copper must do business with
the Independents. Spot copper Is held at
nominal quotation of 33 to 34 cents a
pound.
Buys Casting Company
NEW YORK. June 7. The American
Locomotive Company has purchased from
the Pennsylvania Seaboard Steet Corpora
tlon the Seaboard Steel Casting Company
plant at Chester, Pa. This plant has a
capacity of approximately 18,000 tons of
steel castings a year. euVicient to supply
an appreciable proportion of the comDanv'a
needs In normal times, - v Y
Allls-Chalmere Pays Extra
NEW YORK. June- 7 The Allls.Chi.!
mers Manufacturing Company has declared
cl re'j'uV3'9 JU MS
Lead Price Advanced
NEW YORK. June T. -The Amertr
Smeltlne and Refining Company hi. V
MweA th wit of &fto 0 jSi.
crrnnTTS makf, ft A INS IN LOCAL MARKET
WITH CAMBRIA STEEL AT ftEW TOP MAffl
Tone Through Whole List Is Much- BetterAll
Advances Are Not Maintained to the Close.
May Pig Iron Production Larger
All through the session on the Phlladel.
phla Stock Exchange today there was a
better tone than has been present In sei
eral days. Most of the changes In the
various stocks which appeared on the tape
In tho five hours wero on tha Pwa
scale, some of the movements being quite
substantial In character. This was a .direct
reflection of the conditions which prci alien
In Wall street, where the market was ac
tive with nearly everything showing good
gains. Advances here were not fully main
tained to the close.
A few of the stocks traded In on the
local board, which might be termed
specialties, recorded wide changes. This
was especially true In Cambria Steel.
This stock, on very light trading, rose i 6tt
points to the new high record of lit a
share. It has been an open secret In the
street that the Mldvale Steel and Ordnance
Company, which owns the major ty of
Cambria, wants to get hold of the minority
stock which Is outstanding. While there
was no direct news today that Mldvale
was buying. It was assumed that the stock
was being taken up by the Mldvale In-
In speaklnir of the home list, Philadel
phia Itapid Transit trust certificates held
nffnttnn tnnr fhnn 5Krtrt .v.. . 1
changed hands by 2 o'clock. Most efioil
trading In this Issuo took place In tha aB
two hours, a demand appearing soon S
the opening on which It sold up n.., ""1
point. While most of the gain was Irjl
talncd to the close, the action of th.
tlflcates led manx to believe lhi .v." .
llauldatlon by tired holders nt VLV
price. Good support met these seliinJ
r!r hnwever. Union TrnnMn. ..
time' sold up a half point. n' "
Movements were not all on the iM
advances, however. Little' Schuvlkiti V
cllncd 2 points to a new low mark for
iasi wo Jems, wuiiu uuiiaio and SutnjB
hnnna trust certificates lost R ni..v.W1B
by reaching the lowest figure fnr ik'.T
Electric Storage Battery showed mora TBsi
tlvlty than It has In some days .ii -"
up a point. In thl3 stock, as In TrinS
tne majority oi me iramng was n liZlB
morning. 5W
INHERITANCE TAX BILL
PASSES STATE SENATE
House Measure Providing 2 Per Cent
Levy on Direct Bequests Would
Raise $5,000,000 a Year
HARRISDURO, Juno 7. Jho Senate
passed tho House bill providing for a two
per cent State tax on direct Inheritances.
Tho new law will glvo the Stato approxi
mately JB.000,000 annually.
The Buckman automobile bill reconstruct
ing the present automobile laws of the
Stato and making additional provisions,
passed the Senato finally today and now
goes to tho House.
NEW YORK COFFEE MARKET
NEW YORK. Juno 7. The market for
coffee futures opened barely steady, 1 to 3
points lower, with trading on the call quiet.
Sales amounted to 6750 bags.
Today's Today's Tceterday'a
ocenlnff dole cloee
8 I'D 8 204f K 27 8.27GJ8.29
May ....
June
July
Ausunt .
September
October . ,
November
December
January
February .
March . .
Arr'l
Did.
7.00
iltio
7 7JW7 74 7.73
7 03
(7 73
7 76W7 78 7.787. BO
If 7.8.1 7.83W 7 61
7 877 88 7.RII?
7,Bltn B2
7 00
7.01
7 D.107 0(1 7.078J 7. 118
7 n7tf?R.nn r nn&H m 8 niifrfi n
8 0308 00 8.0Sf 8.0(1 8.0008 07
8 10W8.11 8.11 fS 12
8.10O8.1S 8 K,R 17 8 17SR 10
.... 8.21(3'8.22 8.22CTS.23
Pig Iron production In the month of vS
as 3,417,340 tons, an Increase of t jTj
ns over April and 56,267 tons nv..,"
of last year. Tho average dally nrA '
May was 110.238 tons. agalniM,1?:
',
J
.... ..,.. Arll nnA RC O0 . "-
1.U110 uy . fui.ui ions over ir,
of last year. Tho averaco daiiv ,-?'
tlon lor May was iiu.zjg tons, agalnit Ytti
165 tons In April. These figures are rJH
by the iron Age.
COTTON PRICES DROPS
AFTER STEADY START,
Decline Follows Selling Due to
Favorable Crop Reports. '
Market Nervous
COTTON BELT ITE-ITIIEH CONDrtlnw
.-.j... ..,.. Mu.ir. ...- inc, lOHOHIne f.-
perature ere recoriled In
inie morninici .ineTii'e.
:df'n". i,,.,5bS
s, ooi l'prt. Smitb id
(Mil l.lm. bZZ' It-
Oklahoma, 63 1 Memnhlia. nlrmln
tnnoosa nnd HnoiTllle, ont I. Idle Rotk. vr:J"
!,. "
CTeWTL
is
Ijeo.
!lJ
IVnnfnI(i. Mobllf and New Orlpnn. ? w,
San Antonio, Ilel Rlo. Vlckbitnr. JIseo?!S
.iioniBomerr, mi .Milium, vt nminston. Tii
nM-lllr and Smannah. 70 Clinrleston. jYrf
onvllle. Tnmim. t'orpm ChrUtl. Galrcitn
TherA filn 01 Inch nf nref1nltaL. ..
Thomaitrllle. ,00 nt Memphis. 20 at Ah,r('i
08 nt Knoivll e. .31 nt riinllnVl'"
Little Rock nnd .00 nt Illrmlnjham.
Cotton Buyers and Sellers
NEW YORK. June 7. July Downs. Wil
son and Slack bought ; Rosenberg. Watklns,
W. Gumoens, Martin, Newman and Schill
sold.
October McCnany, R. Hubbard, Hopkins,
Gilford, Orvls, Young and W. Gumoens
bought ; Hyman, Martin, Carpenter, Rlor
dan McFadden, Travis, Frederlckson and
Rosenberg sold.
December Schley, Black, KelfTer, Car
doza nnd Rountree bought ; Schill, Mont
gomery, Cochran, Jay, Brooks, Bearsley,
Mitchell and Rosenberg sold.
January Munds, Peers, Schill, kG. Gu
moens and McFadden bought; Mentz, Sellar
and Schill sold.
March Kclffer and Parrott bought; Sel
lar sold.
LOCAL MIXING STOCKS
TONOPAH STOCKS
Hid
.10
.14
.10
.20
.10
.23
MacNamara
Mlduny
Mtzpah extension
Montana
vorthern Star
Rescue Eula
COLDFIELD STOCKS
niu Bull 01
nooth 07
Combination Fraction 04
Diamondfteld B B 03
Daley 02
Oro oi
Sandstorm Kendal o.l
Slher Pick , ;ib
Arizona United
Neaaa Kill ..
Tecona Mlnlnc
MISCELLANEOUS
Asked
.17
.10
.11
.23
.12
.24
.02
.09
.OH
.04
.04
.03
.04
.11
.33
.24
.30
NEW YORK, Jun T,?
Disappointing Liverpool cables asd ttf
vorable crop weather as a whole were win?
out effect at the cotton opening. July m
cd 4 points lower, but other optlons.ijj
vanced 8 to 12 points. The tone wij"
steady. i
Spot houses and New Orleans laterus;
wero good buyers and Borne of the commU.
slon Arms purchased also. The suppi,
came from southern opera'ora, room tntei
uiiu vuii bireei.
After the calltho supply appeared U
become larger, but there was, a good dj.
manu irom scatteren sources ana prlca
for the first fifteen minutes of trading !
held at or near the Initial levels.
Instead of showing advances of 1IU (,
19,i points as due, Liverpool recorded jila
of only 2 to 4 points at the time ot Uii
start here. Private cables reported htdn
selling and conslderablo Continental ail
local long liquidation In tho English lur.
ket.
Local selling and commission house IIquj.'
utiLiuu iwecu un imumuie crop reports c&N
ried the prices off to a net decline of about
20 points In tho early afternoon Sowtei
selling was also a factor The market aa.
tlnued comparatively narrow and coTtrltJl
movement later promoted a recover opal
12 and 15 points. However, at the dosJl
losses of from 28 to 32 tolnts were recordtlU
Spot markets were officially reported'
changed to c higher '
Thero wero no exports for the day, ft:
tal shipments thus far for the season Ktnj
been 4,3o2,856 bales, compared with 5.111
561 bales for the corresponding period la
season.
Yes. close. Open. Hleh.
July 22 l)1 22 9.1 23 01
October 22.31 22.30 22 40
December.... 22.41 22 50 2J.M
Janunry 22 40 22 .IS 22 SI
March 22 00 22 83 22 82
Spot 23.20
Low. elm
22 3 K
21.93 J1JI
22 04 H
22.01 au
22. Jl "Hit
Liverpool Cotton
LIVERPOOL, June 7 There wti I
good demand for spot cotton today tut
prices were 34 points higher on the taais
of 15.57(1 for mldupland. The sales arm
gated 6000 bales, Including 5000 ttla
American. There were no Imports. ISt
market for futures closed barely tteaJj
and unchanged to 1G points higher. 1
Doble-Detroit
Steam Motors Co.
Detroit, Michigan
The first authoritative announcement of the
revolutionary achievements of Abner Doble
and his associates in the motor car field is
ready for distribution.
Jt is a detailed statement of the plans for manufac
turing Doble-Dctroit Steam Cars and other prod
ucts using the Doble Steam Power Plant.
!tr ?uS0r.e5lp,,ai5s in. dctail the organization plans
of the Doble-Detroit Steam Motors Co.
And the unusual advantages offered by its unique
method of financing.
hlMor'y oftVsh?nmtnimi'?rtnt. a7ncemM" In the whole
niaiory ot tne automobile industry Write or telegraph for It.
Organization Committee
Doble-D.etroit Steam Motors Co.
Marquette Bid., Detroit, Michigan
t
The
Key
to Sound IoYejtinff
Cities Service Company
We have recently issued for our
cUents a careful review and analy
sis of this company, 'giving special
attention to the natural gas and pe
troleum business of the combination,
ihis analysis should be of interest to
tho general public as well as to all
Btock and bondholders of the com
pany A few copies are available for
the first inquirers.
Send for Circular No. 168
Moody's investors Service
JOHN MOODY, President
35 Nassau Strt L,vl.u
.-.,..,-,.-
r
i !
tkfc j, t .
i$mmmh
5