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:
EVENI&G IEMERPHir;ADELP3BIA, THURSDAYi JTJNE 14, J9J7
FLA DAY ,
JUNE 14, 1917
SUPPORT YOUR FLAti
WITH SUBSCRIPTIONS FOR
. LiiEivry iokds
No Safer Investment
than th '
Liberty, Loan of 1917
Subscribers to this loan will
have the, satisfaction of show
iog 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 Inheritanca
Tax.
William P. Bonbriglit & Co., lac.
Muiuwa WI3TAR STROUD, Jr,
Manager
437 Chestnut St., Philadelphia
Kew York Bolton Detroit
London Pari
William P. Bonbrtght A Co, nonbrlght Co.
e.l.0arK$eo.
BANKERS
tUBlUk4 Mil)
321 -Chestnut Street
Philadelphia
SlIMHBIliaiHaK
NOTICE
Sale of (Stocks, Bonds and
Collateral. Entire Issue of
$200,000 First Mortgage Six
Per Cent Bonds of Marlcy
Mill Corporation, Covering
Paper Mills at Childs, Mary
land, and Beaver Dam, Penn
sylvania. 550 Shares Capital Stock
Marley Mills Corporation.
The above will be sold to the
hlchest bidder by the undersigned at
Its Banking House. 900 Market Street.
Wilmington, Delaware, on Wednes
day" the twentieth day of June, 1S17,
at eleven o'clock A. M.
DELAWARE TRUST
COMPANY
'jmrnmrnmrnmsmmmmmsmmmam
1 IjrVVfeOrxml I
A New
Stock Market
Primer
Whether you are an experienced
investor or just a beginner with
little knowledge of market trad
ing, you should read a booklet
entitled
"How to Open an Account
and
General Rales for Trading"
It tells you about the fundamen
tals of trading in. stocks and ac
quaints you with the simple re
quirements of relationship be
tween the broker and yourself.
After you have read it you will
keep it for future reference.
Send for Booklet 860-T.U.
JONES & BAKER
STOCK nitOKKKS
K WM....RU. dl:i.j-!-l-
iimwim wiwg.f iiiiauciuuia
Bell. Walnut 100O-1.
Keystone. Ilaca K200.
Kew Tork Iloston
Chicago ritLburth
Direct PrtDOf" Wint.
JOSBS d BAKER.
Widtntr Blda.. Philadelphia. Po.
Tou may nd me your booklet 660-T.U.
A'ame .... , ,.., f
Adrfreat , , ,,,,.
City Btot9 tf,t
I MjtHCTWtV OF ACCOPNTAXTa
yst&mp
Mint',
FINANCIAL NEWS
DEMONSTRATIONS TAKE PLACE IN NEW
STOCKS DURING DAY IN WALL STREET
Issues Do Not Move in Unison -Many Shares Under
Pressure in Last Half of Session Good Gain
in General Motors
NEW YORK, Juno 14.
Demonstrations of strength were made In a number of 'new stocks on
tho Stock Kxchang in today's trading, but there -was a lack of unison in
market movements, and In tho last half of the day many Issues were under
pressure and a downward movement was than In progress. Some new groups
became prominent features, but activities In these stocks were not maintained
over a long period, . '
Bethlehem Steet "B" was forced Into attention by advancing from 1B2V4 to
'tho new high record of 165M, and vigorous upturns were made at intervals
during the day In some of the railroad stocks, with Reading advancing to 100.
Interest was attached particularly f the trading Jn the Pittsburgh and "West
Virginia shares, both the preferred and common advancing more than 2 points.
General Motors made a gain of nearly 4 points, selling above 114, and
titudebaker rose from 81 to 84 H. Then the copper stocks were taken In
hand, with Anaconda and Inspiration and Utah moving up shortly after midday.
All through these movements fluctuations in United States Steel common
were comparatively narrow. That stock, after various movements In the early
trading, advanced to 184, from which it dropped to 132H Dolawaro and
Hudson, which sold yesterday as low as 107, advanced to 111U. hut later last
most of its gain. The stock loaned at & premium today.
When the recession In United States Steel common occurred selling becamo
general all through the list, and the market ended with many issues at the
lowest range of the day.
Price movements were again irregular In tho bond market, with dealings
In tho railway list continuing extremely small In volumo, and changes Jn thoso
Issues were generally confined to fractional declines. Anglo-French 5s con
ttnued to ran go around 93U and 93.
TRADING ACTIVE ON NEW YORK CURB;
STRENGTH IS SHOWN IN MANY STOCKS
NEW TORK. Juno 14.
Trading waa actlvo and many stock's were strong on tho Broad Street Curb
today, with Increased indications of a broadening Interest in that market.
Tho mining stocks wore more actlvo than they havo been In a long period
and were prominent In tho trading all through tho day. Ohio Copper was
dealt In again on a large scale, with the buying based on statement of earn
ings, which, According to Important Interests, are equal to 50 per cent on
tho stock.
Triangle Film waa another strong feature, with transactions ranging from
1 to 2. Oil stocks were quiet, Sinclair yielding from 31 to 30, Oklahoma
selling at 10 and Osage at 8. Standard Oil of New York sold nt 288 and 286.
A number of tho .low-priced mining stocks reflected accumulation, with
Stewart being firmly bid at and Mllford was In demand at 1 and 1.
Tho motor stocks showed a better tone, United Motor selling at 28 and
29. Russian 6s sold at 82 and tho 6fl nt 71. Air Reduction reacted,
selling at 98 to 94.
INnTJ5TMAI.S
Did.
Air Reduction S
American Stores 35
Aetna Explosives i
American-British Mfg . . 8
American Marconi 2
American WrltlDg Pape-. 4
Canadian Car Com .... 26
Can Car & Fdy pref . . . 65
Central Foundry 354
Central Foundry pref .. 88
Charcoal Iron 8
Chevrolet Motors ....... 95
Cramp 83
Curtles Aeroplane ...... 41
Carwen Tool lla4
Carbon Steel 103
Yes. doee.
Asked. (Sale)
Emerson Phonograph . . 7
Federal Dye 40
Haskell & Barker Car .. 40V4
Hendee Manufacturing . 28
Kathodlon Bronte pref.. 1
Lake Torpedo Boat .... 7
Lehigh Coal Sales 15
Lima Loco 64
Maxim Munitions 1
Marlln Arms .". 94
N Y Shipbuilding 4
Nor Amer Pap Pulp ... 6
Otis elevator 55
Peerless Motor 15
Poole Eng 70
Vlerco Arrow SS
Redden Truck 18
Santa Cecilia 20
Santa Cecilia pref 55
Scrlpps-Dooth to
S S Kresge w 1 10
Standard Motors IS
Steel Alloys s
Submarine 31
St Joseph Lead 18
Todd Shipbuilding 88
Triangle Film 174
United Pront Sharing. . . V
U S Steamship 4
United Motors 29
United Sugar 36
World's Film
Wright-Martin Air 5
Zinc Concent 2
05
37
8
i:
44
80
70
38
68
oy
00
88
42
IX
105
8
404
8t
8
V
82
67
24
07
45
6
60
17
80
42
10
26
62
40
11
13
7
32
18
87
H
4
20
86
8tt
3
86
3
36
66H
90
40
1194
7
40
H,
Hid.
12
82
1
4
28
"
5
8
STANDARD OIL STOCKS
Illinois tit 218
Ohio 355 382
Prairie Pipe 208 301
Stand Oil of California.. 284 268
Stand Oil of New Jersey. 608 613
Stand OH of New York.. 285 288
613
290
INDEPENDENT OIL STOCKS
Barnett Oil & Gas 2 2 2
Cosden Oil 12 18 18
Cosden & Co 12 18 18 -
Elk Basin 10 10 10
Federal Oil 5 5 5
Inter Petrol 13 13 ..
INDEPENDENT OIL STOCns -Continued
:. Asl
Houston Oil 22
Merritt Oil 20
Midwest Ret 138
Met Petrol 1
Ohio Fuel 18
Oklahoma Rcf 10
Osage Hominy 8
Sapulpa Ref 0
Sequoyah 1
Sinclair 30
Un W OH
MINING STOCKS
Alaska Standard 82
Atlanta 10
Big Ledge 2
Bisbee Copper (a pros) . .
Butte Copper & Zinc... 12
Butte New York 1
Cal & Jerome 1H
Con Arlx 2
Emma Consolidated .... 1
First National 2
Qoldfleld Merger S
Goldflcld Cons 60
Goldfleld Florence 20
Goldfleld Kewanas 13
Green Monster 1
Hecla Mining 8
Howe Sound 6
Independence Lead 11
Jerome Verde 1
Jim Butler 78
Jumbo Extension 35
Magnate
McKlnley-Darragh so
Magma Copper ,. 44
Mother Lode 28
Mines Co of America .. 1
NevaBa Hills 25
Nevada Wonder 1
Nlplssing 7
Ray Hercules 3
San Toy 16
Tonopah Extension .... 2
United Verde 39
West End Con 73
White Oaks
White Caps 1
Yerlngtoo 28
liONDS
American Smelters Cs.. 02
Atlanta Charlotte Ss... 07
Bethlehem 5s 08
Cosden OH 6s 101
Cosden & Co 6s 07
Cudahy 6s 07
Erie Es 07
New Haven Es 06
Russian Govt 5r 71
do 6s 81
Southern Railway 6s ... 07
Sinclair OH 6s 05
Todd Shipbuilding Cs 101
New York State 4s 105
Yes. c'ose.
Asked. (Pale)
23
27 27
135
1 ..
20
10 10
8 8
10 0
1 1
31 31
A
38 30
11 12
3 2
..
12 12
1
Ill lit
2 2A
A 1A
3 2
7 7
65 61
22
15
1 1
8 8),
5 . .
12 ..
1 1
80 75
40 38
ii
63
46
20 20
2
28
1 ..
1
4
18
2 ..
40
70 65
1 '.'.
30 30
03 02
08 0B
08 08
103
00
100
07 ..
07
73 71
83 82
07 ..
00
103
100
New York Bond Sales
8
Hlsh.
14000 Am Ast ev Cs 100
101000 Anglo-French Si 03
18000 Am Foreign Seo Es... 05
26000 Amer Tel Es
9000 Am Writing Paper Es. 88
6000 Armour Co 4i 0K
7000 Atchison sen 4 90V4
2000 Atlan Co Line let 4-.. 88
2000 Halt & Ohio Si 0U
1000 Beth Steel rrd Es.... 60S
4000 Brook II T Es IMS 98H
3000 Bordeaux 8a 05
12000 Can Oort Ea 1081.... 88
1000 Cent Leath 1st is ...106H
1UU0 Cent l'ao lit 4i 85
2000 Chill Copper Ii 1W.,
1300O Ches Ohio conv 6.. sift
10000. CM Bid Joint 4i.,. 85Vt
3000 Chi MtSir rfd 4 I 88
1000 do cv 4V, t 91.,
E00O Ctl K U F rfd 4a. . 7ift
8(000 do Si one eta...... 12H
Kioo Col Industrial Be 80.,
2000 City of Parli Hi..,., uatt
8000 Del a Hud rfd 4a .... 83,
1000 Den a Hlo Or 4i 71ft
suou ao rra am mi
6000 Erie conv 4i 8er A... B5
01 000 French Repub 5V4 1 8
1000 Oen Bleo deb Ss 101
4(tnn lliM A Men rfd 6l S8
onth III utl riaK iUi . . SS
7000 Indiana Steel Ea. . .101S
1000 Interb Met 4W . .J. . 4
000 Interb 11 T ref 8a.. 7.. 82W
1UUU 1.&CK Bieei oa jmo. . vm
40000 do 6a 1850
6000 Lorlllard Es
2000 Lyoni 0i
10OO Minn a St L 4i .
28000 Mo Fac wi 4a
Slinn PJt fll.rrh Si
48000 N r C II 6a 105
iuuu ao eft
6000 N Y Dock Is... ..
10OO N V Tel gen 4Ms .
BOOO North Pac prior 4a .
7000 do gen 3a ........
46000 Fenna gen ct 414 a ,
4000 do en 44 s
1000 Readlnr xnn 4l ....
2000 Rep Ir A 8 Ea
8000 fit L, i 8 F Ser A 4s.
10OO Bouth Hell Si
1000 8outhPae cv 4e ....
8000 do rfd 4a
50000 South Pae conv Ei,
1000 South rtwy con 5i .. .
4000 Texas Co cv fl.. ..
82000 Third Ave ad Es
11)00 Tokio Ci ...... , ,
6000 U 8 Rubber ct Es . . ,
2000 do fls
2000 U ti Steel 8 F 6a. ...
18000 U K of O H I 8s .
sooo ao on! "'is
i7006 do Etta 1019 new
Itnoo da IUi 181 .
46000 do 3'ii 1821
12400 Wes' i f ,,
iticto West -lOi 4
110O0 do . .
High. Low. 3. p.m.
3:20
Low.
100
03H
85
88
88
80
80
88
86Vi
88H
9SH
85
P.M.
100
88K
95
8SU
88
80K
80
88
86H
88H
88
85
88H
10
05
125
lOOtt
t5
HI
8
83
Jo
55
88
101K 10 IS
S8M fiSii
88 88
101 101
88
85H
BO
8ft
80
Si
IJ
E5
1
J:
st at
82H 82U
nnf nnl'
7 .'
03tt 105H 103
88U 88 88
95 8B SS
$ U eott
02 82 82
ft 105ty 105.
Vl .1 win.
, 74',4 74, 74ft
04tt 94i 84U
. 8SU H8 88
62 62 62
, 88 85H 85
,102 102 102
81 81 81
100 100 100
63 62 62
86 86 88
82 82 82
85 83 5
80 08 88
83 88 88
108 103 103
42 41 41
70 78 78
87 87 87
101 101 101
104 104 104
07 87 A 87
88 88 80
"tV 98 89
06 8 fl
C1H 83 01
J" tlM) 1D0
J n n;
NEW YORK BUTTER AND EGGS
NEW YORK. June
A12.1 tubs. Lower and weak.
37388c extras. 3737c. firsts. 3(1 C
U07c, eeconan, jntipooc. male dairy tffttf.ST'A c.
Imitation rreamerr. 3435e.
EGOS Receipts 24.080 casea. Firm. Extra
nreie ttirt voc. wnm
Quotations unchanged.
14. IHTTTnn Receipts.
jiiRn nrnnnK,
eggs, 34W;i.")c. other
CHICAGO BUTTER AND EGGS
CHICAOO. Juno 14. nUTTER Unsettled.
Receloti. 13.401 tubi. Extra, 3aa0c. firsts.
84 83c.
EOQS Easy Receipts. 27.082 cases. Firsts.
20030c: ordinary Arete. 27WHc
P.. B. and W. 3 Per Cent Dividend
Directors of tho Philadelphia, Baltimore
and Washington Railroad have declared a
semiannual dividend of 3 per cent, payable
June 30 to stock of record June 13. As
compared wltrl the declaration of a year
ago this would appear to bo an Increase of
1 per cent, but the company at the De
cember meeting declared a 4 per cent divi
dend. This year It Is expected that the 6
per cent basis will be maintained by tho
two distributions of 3 per cent each.
Phelps Dodge Extra Dividend
NEW YORK, June 14. The Phelps Dodge
Corporation has declared the regular quar
terly dividend of J2.E0 a share and an extra
of 35.60, the same ns a year ago. Three
months ago the extra amounted to $3.60 a
share. The dividends are payable June 28
to stock of record June 25.
Bank of England's Reserve Bigger
IX5NDON. June 14. The Dank of England
return tor the week compare as follows:
This week Lait week i.aB. v...
33.778,000 138.805.000 33,355;6o0
Circulation -
Public, da
poilte ...
Private de
posit! ...
Government
aecurltlei.
Other secur
ities 'Tt nerve ...
Proport'n of
reierve to
ilab
Bullion ....
Bank rat..
49,784,000 47.898.000
125,634.000' 120,797,000
45.208.000 45,247,000
118.124,000 108.748,000
35,028.000 34.571,000
10.84f.
65,357,000
5
20 47
65.087.O0U
57.
62,204,000
87.541,000
42,187.000
70.702.000
4 4, 671', 000
. 31.85
01,077,000
57.
New Miquero Sugar Pays Extra
NEW YORK. June 14. The New Miquero
Sucar Company has declared an extra divi
dend of 10 per cent m .both the common
and preferred stocks, payable June 20 to
stock of record June 36,
New York Stock Sales
0
6
20
03
90
80
111
74
OS
14
04
20
24
72
t
'
1
Net
High. Low. Clots. che,
Alaska Gld M... 0 6
Alaska Juneau .. s s
Atlls-Chalmers Co 20 29
Am Agr Chem.... 03 03
Am Beet Sugnr. . 96 93
Am Can 61 60
do pfd 111 iu
Am Car & Fdy Co. 75 74
Am Cot OH pr . . . 05 03
Am Hide & Lcath. 15 14
do pr 64 64
Am Ice Seo ...... 26 26
Am Linseed 26 24
Am Locomotive . . 78t(. 72
Am Malt ijaj us n
do pr 02 61 01
Am Smelting ....111 100 100 1
1o pr iis 113 113
Am Sum Tob C. 35 St 31
Am Steel Fdry .. 74 73 73
Am Sugar 133 no 122
. d0p.rc UW. 1,9W "9
Am Tel & Tel ....121 m 121
Am Tobacco ....103 103 193
Am Wool 5704 gilli 6Vi
uo prer 09 89
Am Writ Pap pf.. 43 44
Am Zlno & Lead. S3 S3
Anaconda sa 85
Atchison 102 102
do pref 07 07
Atlan Coast Line. 113 118
Atlan Gulf & W 1.118 113
do pref ez oj
Bald Loco Co.... 07 05
Balto & Ohio .... 78T4 1St4
Barrett Co ng 118 118 1
Beth Steel pref.. 168 180 157 2
do pref 165 182 163
Brook Rapid Tran 00 60 00
Burns Bros inzsx tnsiu. 102U 4- m.
""im ec sup cop. 40 46
Cal Petroleum ... 22 22
Canadian Pacific. .162 101
Cal Pack Co s sg
Central Leather ..09 07
t-erro do Pasco. . . 37 36 S6 1
Chandler Motors.. 02 01 02 2
1 nesa c Ohio.... 61 60
Chi Grt Western.. 11 11
do pref as 38
-ni .vi at i..,. 70x4 70
09
45
33
85
102
97
113 1
113 2
02
05 1
73
'
do pref 11014 not!
Chi & Northwest. 110 110 110
Chill Copper 22 22 22
Chlno Con Copper 61 00 01
Col Fuel & Iron. 65 84 64
Col Gas & Eleo .. 42 41 43
Col & South .... 27 27 27
Con Gas E L & P. 113 113 113
Consoi Gas 108 108 108
Cont Can 100 00 00
t-orn i'rouuets . . . 32
Crucible Steel ns
Cuba Am Sup pf.101
Cuba Cane Sugar.. 40
lo pref 104
Del & Hudson. . .111
DL & W 210
Den & UO pref... 16
Domo Mines 10
46
22
161 1
38
07
86
02
01
11
35
70
110
3
32
80
101
44
101
32
80
104
46
104
100 100
secur.
Distillers'
Erlo
do 1st pref . . ,
do 2d pref
Elk Horn Fuel...
Gaston Williams .
General Elec Co
General Motors
210
1.1
10
22
26
38
30
.13',
33
10
15
10
1
3
1
3
1
1
22
20
38
30
38
33
102 102
100
88
61
80
112 1
88
62
80 1
.128
.103
. 49
. 00
28V,
3.7
4
12K
40
05
28
80
10
75
41
22
SO
47
103 102
03 03"',
110
48
00
00
41
18?
00
138
0
28
53
73
20
33
72
30
4
81
110
78
143
1
80
30
08
40
03
103
01
30
18
61
8H
27
00
04
205
27
67
48
81
10
16
40
03
1
1
28
81 1
40 1
75 1
41
23
60
47
103
03
119
40
1
1
1
00 3
qc 1
u
33
20
80
30
30
83
163
114V
do pref Mini
Goodrich, B F. . . . 83
Granby Mining .. 87
u'' -urm piU..I0H 108 108
1. j,ur ure buus. . 34V& 33
Greene Can Cop.. 44 41
uuir Htato Steel.. 138 137
Illinois uontr.il ..103 103 103
int Agricui prl .
Inspiration Cop .
Int Mcr Marino
do pref H3
Int Paper 41
do pref sta ... 78
Int Nickel 45
Kansas City So.. 33
do pref . .'. 60
Kennccott Copper. 47
i.ncKU Kiccl .
Lehigh 'Valley
Manhat El 110
Max Motor 80
Mex Petrol 102
do pfd fli4
Miami Con Cop... 41
...un, . 01 1. .iuiv. . 1VY4 IJI-Ji loTi .....
Mldvalo Steel .... 05 oi d'4
Mo Kan & T 7 fl 7
Mo Pac w I 39 20 20
do f p 89 59 59
Nat Cloak & Suit. 83 83 83 12
Nat Cond & Cablo 39 37 38
Nat Enatn & Stp. . 41 10 10
Nevada Coll Cop. 25 25 35
Now York Cent... 93 02 92
N Y. N II & II... 36 35 30
N Y. Ont & West. 33 23 23
Norf & West pref. 125 134 131
North Pacific ...105 104 104
nov.i senna steel. 103 09 103 0
inio una 139
Ontario Silver 0
Pacific Mall 3
Penna U It 53
Peo Gas & C 73
Pero Marq ct . . 20
Philadelphia Co. . 31
PCC&Stli 72
Pitts h West . . . 32
do pref 00
I'lttts Coal otfs . . 53
do pref ctfa ..110
Pressed Steel Car. 78
Pullman Pal Car. 145
Quicksilver pref .. 1
Hy Steel Spring.. 50
Ray Con Copper.. 31
Reading 100
do 1st pref .... 40
Reii Ir & Steel. . .. 113
do pief 103
Royal Dutch 05
Saxon Motors ... 40
St L S F 18
Sinclair OH 84
Savage Arms ... 89
Shattuek Ariz ... 27
Sloss-Sheff St & Ir 01
Southern Pacific. . 93
So Porto Rico Sug.207
Southern R R ... 28
do pref 67
Superior Steel ... 40
Studebaker 81
Tenn Cop & Chem 17
Texas & Pacific 10
Texas Company ..217 217
Third Ave R R . . 30 20
Tobacco Products 01 bo
Transue & Wlms. . 40 46
Twin City R T. . . 80 80
Underwood Type. . 08 08
t'n Bag& p new.. 05 04
l nion racino .... 130
United Alloy Stl.. 47
United Cigar Strs.107 105 103 1
no ptu no 118 no 0
United Paper Brd 30 30 30
United Fruit 130 133 185
United Ry Inv n 6 0
do pfd 15 15 15
v a u l 1' : i pia oti 56 60 3
U S Ind Alcohol.. 170 107
U S In Alcohol pr. 106 108
U S Realty & Imp 16 10
U S Rubber 03
U S Smelt & Ref. 63
U S Steel 134
do pref 117
Utah Copper .'...117
Utah Seo Corp.. 20
Va Car Chem. , . . 44
Va Iron C & C. . ob
Wabash 12
do pref A 50
do pref B 20
West Maryland . . 30
West Union Tel. 04
Westlngh Mfg . . 63
West Pao R R pref 40
Worth Pump & M 31
138
0
28
83
73
20
33
72
33
03
53
110
78
118
1
1
1
1
1
1
86
30
08
10
02 1
103
01
39 3
18
64
88 1
21
01 -
01
2
307
38
67
48
83
10
10
317
30
60
48
80
08 1
94
137 138
46 46 1
61
01
do pref B
Wheel & L E ...
W & L E pref . .
White Motors
Willys Overland . .
do prer
88
18
33
48
so
1
187
100 1
10
01
01
133 133 1
117 117
"0
30
43
08
13
80
20
20
U4
63
40
34
68
IS
33
47
30
01
73
110
20
43
68
12
80
26
20
93
62
40
33
88
14
32
47
29
04
7t
V
Vi
I
1
Wilson Co 74 7t 73 1
Ex dividend United Dyewood, J ; do, pre-
Sells 600,000 Pounds of Copper
NEW YORK. June 14. Parties to the
transaction state that the Consolidated
Arlwna Smelting Company has sold to the
New York Air Brake Company 600.000
pounds of copper for Septembe- and October
delivery at 30 cents net per pound.
1 Sales in Philadelphia "1
dote.
68
tt
163
81
Net
chge.
8
62
62
1
te
850
60 1
28 V
48
tl
78
25
67
84
1
High. Low.
87 B S t o. 86 88
10 Cal Pet .. tt It
8 Cam Steel. 163 163
10 Crucible St 81 1
37 Catawlssa
1st pref. 62 6t
1 Eleo Stor. 6 62
70 Erlo Wii
10 Fkd & So. 330 350
28 G Asph pf 60 60
00 Ins CoNA 28 28
10 Kenno Cop 48 4874
4301 Lk Sup C. it 0
13 Leh Nav. . 77 76
100 Lit Bros . . 28 25
6 Mlnehlll .. 87 67
100 Mldvalo . . 81 64
258 Penna R R 63 68
43 Pa Salt M. 07, 98
668 Phlla Co . 34 38
02 Phlla Elec SO 20
1033 PRT tr cfs 20 20
110 Reading... 100 09
78 do 2d pf 42 42
70S Ton Bel... 4 4
55 Ton Mln.. 6 6
83 Union Trao 42 42
1408 Un O Imp. 70 77
ntn Jn war.. 2fl 26
8085 U S Steel. 131 132 1I
an dn nref . . 1177'. 117 111
8 Willys-Over so 30
60 War Ir& S 0 0
BONDS
High. Low.
$800 Am Gas 5s 02 02
1000 Con Trao
V .t Rn.lOO 100
1000 City 4s '42.100 100 100
3000 City 4s 1941
reg 100 iur ""i
63
06
34
29
29
1
1
100
42
4
0
42
78
28
30
0
Close.
02
100
, i"
1
Net
chse,
4000 KltPT 4s 70 79
14000 .Leh Nav
cons 4s
reg 09
4000 Leh Val gen
4s . 06
1000 Lehigh Val
Coal 6s. .102
10000 Penna Co
temp ctfs
4s 05
6600 Phlla Eleo
1st 6s ..101
5000 Phlla W &
B t o 4s 08 08
100 Sp A I 68.101 101
4000 Un Rwys t
o 4s 72 72
2000 Wclsbach . 08 08
70
99
90
102 102
00
08
95 05
100 100
08
101
72
08
COTTON GETS EASY
AS BUSINESS DROPS
Good Demand for October in
Small Lots, but Supply
Is Large
NEW -YORK, June 14.
Business at tho opening of the cotton
market was smaller than In soveril weeks.
There was a good demand for October In
small lots from room traders and Liverpool,
hut In the early operations It was noted
that the supply was larger than tho demand
and sales could only bo mado by lowering
tho ofteilng levels.
After the call the pressure Increased and
within a fow minutes quotations had de
clined 8 to 12 points from tho Initial ngures.
Tho market was nervous and Irreg
ular after tho opening advanco. The
heavy domestic consumption Indicated by
the report of tho Census Bureau may havo
contributed to tho Initial bulge, but created
no fresh sentiment of consequence and the
market soon turned easier. There was a
good deal of realizing.
Tho South was credited with selling July
again tigalnst prospective tenders and
there seemed to bo somo call selling for a
reaction.
After showing a net loss of some 18 or
20 points, tho market steadied, although
there was no particular change In tho nowa
and thero werb rallies of somo 8 to 10
points from the lowest.
11:00 12:00
open. A.M. M.
Yea'day's
ctoee.
July 25 011
October 24 76
December 24 80
January 24. SO
March 23.0S
Spot -'5.55
25 05
24.70
24.00
24.83
25 20
24.80 24.03
24.63 24 67
24.63 24.09
2. -00
P.M.
24.78
24. S3
24.48
Liverpool Cotton
LIVERPOOL, June 14. Thero was a
good demand for spot cotton today and
prlcoi wcro 3 points lower to tho basis
of 17.32d for American middling. Tho
sales aggregated 14,000 bales, Including
12,000 bales American Imports nil. Tho
market closed steady and 30 to 36 points
higher.
MONEY-LENDING RATES
NEW YOHK Call money opened at 4
per cont for lending nnd ronewlng.
Tho trading rate for ttmo loans secured
by good mixed stock exchange collateral
today was unchanged at 6 per cent for all
maturities from sixty Cays to six months.
Loans secured by Industrials wero quoted
at 6U to 6 per cent. Prime bank accept
ances are unchanged.
PIIII.ADELFIIIA Call, 4 per rent.
Time, 6 to 6 per cent. Commercial paper,
three to four months, 6 to 6 per cent.
BANK CLEARINGS
Bank clearings today compared with corre
spondlng day last two years: ,
1817 1016 1018
Philadelphia. I0O.K10.832 141,012,600 128.806,880
Boston 42.084.807 34.257,101 ' .
New York... 624. 230,022 484.400,3(10 307,208,176
Chicago 83,813,802 04,455,687 61,500,008
FOREIGN EXCHANGE
NEW YORK. June 14. In the early trad
ing rubles displayed weakness, checks sell
ing down to 23.05 and cables 23.16. Sim
ilar notion occurred ln yesterday's market,
but later In the day sharp recoveries took
placa and the closing was about on a par
with the preceding day. Lire were some
what easier; Swiss exchange was steady,
while- Copenhagen waa a shade better.
Quotations were:
Demand sterling 4.76 7-16, cables
4.76 7-16, sixty-day bills 4.72, ninety days
4.70.
Franc checks 6.74H. cables 6.73 ?s.
Lire checks 7.07, cables 7.06.
Swiss checks 6, cables 4.98.
Guilder checks 41, cables 41 5-16,
Ruble checks 23.05, cables 23.15.
Pesetas checks 23.20, cables 23.40.
Stockholm checks 30, cables 30.20.
Chrlstlanla checks 29.20, cables 29.40.
Copenhagen checks 28.80, cables 29.
Olhn Finney
S: Company
AUTOMOBILE BANKERS
Offer special facilities for In
dlvlduals or automobile deal-'
era to finance the acquirement
of pleasure cars, for business
houses to finance the acquire
ment of commercial cars or
trucks. If you are thinking of
purchasing a car of any kind
for any purpose the FINNEY
SYSTEM will make a be tt&
business transaction for you.
REAL E8TATE TRUST DUILDINQ
PHILADELPHIA U"-UINQ
ier
I AM NOW and have for put i
drawn aalary of alx thouiand
annum, anumlna entiM m.n..
bu.tnee Hav. outgrown thY'S?."iiioS an!
want iomtthlnr with ood. Uv Wni5in M!a
tecia. Don't imwr imsn ;-... wir.v vm
King to offer with" a riVi lltSf.TrtiSi'VRS
r F 751. LEDGER CENTRAL,
LAKE SUPERIOR ACTIVE AND STRONG-
CAMBRIA STEEL SETS NEW TOP MARl
Movements of Prices on Philadelphia Exchange MoJ
to Higher Levels U. G. I. Stock and
Warrants Go Up
price unlll around midday there was a f
of more' than a point. All of this ndvn
With tho beginning of business on tho
Philadelphia Stock Exchange today there
was a continuation of the demand for stock
of the Lake Superior Corporation. This de
mand resulted In the further advance in tno
gain
ante
was not held to tho close, however.
As was the case yesterday, there was no
news In the Street to account for the activ
ity df the stock Most of the trading in It
was In odd lots, Indicating that small
traders were picking tho stock up The
majority of the business In the whole list
was centered In this Issue, even United
States Steel common showing but a slightly
lirger total for the day.
That there Is very little Cambria Steel
stock for sale was shown today. When
thrco shares werp offered for sale they
wero quickly taken at 163, representing on
advance of 3 points as compared with tho
last previous rale on Tuesday. Tho fact it was strong,
'J?".1..1!"8 B V"y ll,ll Of the atnev ,.
""""' manes ii easy to effect Tm w
ments In the price. The Mldw . "
are very anxious tn p -ii IV .I'M Hen
stock In the Mldvalo treasury. ml:mtil
For the greater part of th. a
$recj i'i.rj"8 L."ck, Vs
with the general sltuutlnn !in .!!
Stocks ort the big board wir ,ii te,l
ai nigner prices during the -!. g1
in tho afternoon a ,-? S
developed and there wero declln.. J "''
oest aground. This was the cTu
T.S'0n"d. " of the Un.,., M
....... u.t.nciii company were oulu u"1
wirouKii ine session. At one tin,. 71
uib uay ooin were ur mom tfck uul
nnd tho mntnritv , h.?? than a n
th iM wu " 7 Baa was e.;
.:" ".. "'"" "eaaing was . r
'"" Ut
NEW YORK COFFEE MARKET
NEW YORK, Juno 14. The market for
coffee futures opened steady today and un
changed to a decline of 2 points. Trading
on tho call was fairly active, sales amount
ing to 8600 bags, somo of tho offerings
thought to bo selling by Cotton Exchango
houses.
Today's
Ooenlnff.
June
July 7.75 7. 65
August
Noptember 7. 0007.03
October .,v c '
November -
December 7.0508.01
January
February
March 8.1408.15
April
May
Tei'day's
Cloee.
7. 77 7.70
7.81 $7.82
7.856J7.87
7.007.01
7.03 7 04
7 077.98
B.noras.oi
8.03R 00
8 11WH.12
8.1B5C8 17
8.21 ? 8.22
8 208.27
BAR SILVER
Today
New Tork (cents) 77
London (pence).. 89A
Last 1017
Yes. Thurs. High Low
77 76 70 71H
30,. SSU 30 A 35)1
DIVIDENDS DEHl.Anrr.
Kolb Baking Company, reauln. . 1
14 Per cent on the Preferred C""'' '
Ju..U0.,f"-,.?'jr??rd June ," ",
....... uv, a uiri LnmDBnv .,.
of IK per cent on the prefer V?
cent on tho common itock. both mmw "
to stock of record Juno 20 PmWJ7l
Frankford Truit Company, regui., . ,
nual of 7 per cent, payable .t,,, ." ,,ffiW
noaers or record June 11 "" w tock.gfr
Republic Trust Comnanv. ..-.. ,m
14 per cent, payable ily 2 to JKjrtn ef
record June 25 ,tbo!4eti 3
Hell Telephone Company of p. a
cent for the quarter ended lm.t6h J Ji
jjayable July 14 to shareholders of '$ Jg
Barrett Company, regular auft.t. . '
a share each on Its wmmo" and i."
stocks Tho common In payab e July ,W"M
of record June 10. and the preferred i
Jutv 10 to holders of record June 30 Mr,lll
The Prairie O and aVcnmi... 1
quarterly dUldend of 13 ' shar7.PS&hEi;W
31 to stock of record June 30 ??.' '
dee nratlnn lnel,,il.,l in ...u'.,.Th priTloi
X
15
The Key
k to Sound Investing
Z
Denver & Rio Grande '
The recent court decision in the
Western Pacific suit is sure to havo
an important effect on the future of
tho Denver & Rio Grande Railroad.
We have just issued forthe benefit
of our clients an exhaustive analysis
of this situation. A few extra copies
are available for the first inquirers.
Ask for Circular No. 167.
Moody's Investors Service
John Moody, president
35 Nassau Street, NevYork
V
manttf
m
tne
TF half the population
x of the United States
were killed, wounded
or missing, would you
subscribe?
The total casualties
the-total number of
killed, wounded and
missing- -among all
the armies ensraered
this war reaches
amazing fierure
of 45,000,000.
Many millions of men
were lost because of
lack of proper equip
ment "
What will we do for
our men when x they
go -to the front?
Money is needed at
once. Loan some of
yours to the Government-today.
Corn Exchange
National Bank
Philadelphia
CHESTNUT AT SECOND STREET,