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EVENING LEDGERPmUDELPHlA; BATUBDAY, JUNE 16, 1917
REILLY, MOCK CO.
DAKKEBS
INVESTMENT
SECURITIES
MUNICIPAL
RAILROAD
AND
PUDLIC SERVICE
.CORPORATION
DON08
306 CHESTNUT STREET
rmLADrxriiiA
FINANCIAL NEWS 1
MimiiiMiiinMroiniiiPiT'MMFmiiw""!'M!B
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
Marlcy Mills Corporation.
The abovo will bs Bold to the
highest bidder by ths undersigned at
Its Banking House, 900 Market Street,
Wilmington, Delaware, on Wednes
day, the twentieth day of Juno, 1917,
at eleven o'clock A. M.
DELAWARE TRUST
COMPANY
MARKET -RECOVERS FROM UNSETTLING
INFLUENCES IN HALF-DAY'S TRADING
Street Assumes Some Action Will Be Taken to Deposit
Liberty Loan Payments in Federal Reserve Banks.
Rally in Stocks at Close
High Points in Today's Financial News
Stock market recovered today from unsettling influences of yesterday,
with a rally in order at the close. Disturbing factors were absent on Curb.
Grain irregular. Cotton higher. Pesetas were stronger in foreign exchange
market. Loans increased in average and actual New York bank statement
while deposits and surplus declined. Weekly bank clearings showed another
increase. Bar silver unchanged.
fmnummiMMmmmmmBmmmMmmBmihi
OumFwnex
S: Company
AUTOMOBILE BANKER3
Offer special facilities for In.
dlvlduals or automobile deal
ers to finance tho acquirement
of pleasure cars, for business
houses to flnanco the acquire
ment of commercial cars or
trucks. If you are thinking of
purchasing a car of any kind
for any purpose tho FINNEY
SYSTEM will make a better
business transaction for you.
REAL ESTATE TRUST QUILDINQ
PHILADELPHIA
Charles J. Bender & Co.
INVESTMENT BONDS
Members Philadelphia Stock Exchange
NORTH AMERICAN BLDG.
PlKECTOltY OF ACCOUNTANTS
BURNS & 8PEAKMAN
THE 130UKHK
I.r.OAT, .HVKKT1SEMKST8
liSS31 IN T,IE onriiANs' court rots'
IfcSf Philadelphia County.
Estate, ot famuel I,. Jones, deceased
Notice la hereby given that Indiana II. Jones,
widow of said decedent, has nied tn the said
court her petition, nlleglng that the decedent
died without issue and praying for the allow
ance to her of $5000. under the act of April 1st.
1009, and Its supplements, under which she
claims to have net aside to her In fen premises
702 South 17th street, appraised at $3100, lot In
Mt. Holly. New Jersey, appraised at J230. and
1352.08 in cash, the only personal property of
aid decedent Said petition will h approved
by the Court on Friday, June SOth. 1917, unless
exceptions are riled nrforn that time
JOSEril 8. CONWCLI
Attorney pro Petitioner.
NO LET-UP SHON
IN STEEL TRADE
Average Prices Now in Excess of
110 a Ton Pig Iron
Active
NEW YORK. Juno 16.
Tho Block market In tho half day's trading showed a disposition to recover
from tho unsettling effect of tho prossuro exerted against tho Liberty Loan
yostcrday afternoon and tho general disturbance of loans of call money by
tho local banking institutions.
It was current comment today that virtually every loan that could be
drawn In was called by tho banks, causing tho urgent selling which mada tho
market so weak Just as tho tlmo when tho Liberty Loan was forced below
par. Later In tho day tho banks put out this eamo money at tho C per cent rate.
Today thero was a good deal of talk about tho payments nlroady made to
tho Government on account of tho loan being tied up and not kopt liquid, but
it was assumed that somo action will bo taken in tho way of an agreement or
understanding between tho banks and tho Government by which funds will
bo doposltod in tho Federal banks and a money tension avoided.
Thero was a strong tono in a number of stocks during tho forenoon, but
at tho eamo tlmo United States Steel common was in supply becauso of talk
of larger margins on loans being required. That stock sold down from 131
to 130 and then rallied to 131. Bcthlchom Steel "B" dropped from 148H to
147. Heading opened up at 98, droppod to 96 and quickly camo back to 98.
Pronounced strength was shown in Pittsburgh Coal, which advanced 1 to
tho now high record of 66.
In tho last few minutes of trading thero was a rally all around, prices
going to abovo tho closo of last night in many instances. Thero was a vigorous
ndvanco in Wilson Company, which sold abovo 76.
Interest in tho bond market was attached to tho dealings In Liberty Loan
bonds. Thoso Government bonds wero In better demand today, opening at
100 and advancing on fairly largo transactions to 100 5-50, tho highest prlco at
which sales wero mado yesterday, afternoon. Changes In other issues wero
without importance
DISTURBING FACTORS ARE ABSENT
IN TRADING ON THE NEW YORK CURB
NEW TORK, Juno 16.
Trading on tho Broad Stroet Curb progressed without boing influenced by
tho disturbing factors which wero noted in eomo stocks on tho big board. This
is duo partly to tho fact that tho curb is a cash markot, and now rules for
margins and calling in of loans aro not feared in that trading group.
Tho most prominent feature of tho dealings was tho trading in 60,000
shares of Wright-Martin Aircraft nt 5 to 6V. With tho expiration of tho
(imo in which rights to subscrlbo can bo oxercised, tho financing of that com
pany la regarded as completed, and today much was said about largo contracts
being mado with tho French Government and the United States.
Thero was again a good demand for Eastern Aniline, which sold at tho
new high record of 5, with tho buying coming from strong interests identified
with important elements In tho dyestuff trodo.
More than 25,000 shares of Submurlno sold from 33 down to 32U and
then up to 34. Triangle Film continued firm, with tho stock steadily taken
at 2, but tho supply at tho present lovel has apparently been exhausted. United
Verdo sold at 39 nnd Ohio Copper sold at 1. Thero was little trading In
tho oil stocks.
INIinSTIUALS
Did.
1)3
35
3V6
8
3
3
30
... 00
... 0
... Ot
83
... 43
... 11
...103
... V
... 7
... 40
...39
... 38
19i
8
70
34
2
OS
13
514
150
10
70
38
Yes. close.
Asked. (Sale)
OR
37
3
13
2
4
35
73
0V
07
88
43
11
105
5
IV,
3
43
mi
5
7
8(1
NEW YORK, June 16.
Steel prices have reached a goal which
only a. few months ago would have been
considered Impossible. Average quotations
at the present time aro slightly In excess
of $110 per ton, an advance of more than
111 over last week, while showing Increases
of about J50 and $80, respectively, over this
week. In Juno, 131C, and 1915. It Is the
opinion In the trade that there Is no let-up
in sight.
Tho markets for pig iron and for old ma
terial were again In competition, for the
position of scoring the largest advances In
the last week. In pig Iron sales of Bes
semer are reported to have been made In
the Pittsburgh district at better than $56
per ton, or more than $5 per ton over pre
viously prevailing quotations. The buying
of pig Iron has been large nnd the demand
is still continuing, indicating that the ad
vance has not yet been halted.
In the scrap material It Is noted that rail
road material has scored the sharpest ad
rance. Philadelphia has reported gains of
from $4 to $7 per ton, the latter for Iron
rails, and car wheels are materially higher.
Heavy scrap In Pittsburgh has been put up
$7 per ton, and the demand Is keeping up at
a remarkable pace.
In some quarters It Is estimated that the
Government will require ns much as 12,000.
000 tons of rolled steel products, and this
has been a cause of strength In the steel
markets. The Government's shipbuilding
program will take a largo amount of ship
plates and other articles, and the mills are
doing everything possible to conform their
operations to the needs of tho country.
The best reports In the Government fields
re that Government purchases of cars will
amount to about 100,000, to be UBed by the
United States as well as its Allies In the
war.
AH branches of the steel trade are strong
and, although here and there it is noted
that the demand is not as large as re
cently, it Is said the manufacturers are not
looking for additional business.
Some big export Inquiries are in the
market for tlnplate involving about. 250 000
boxes, of which 100,000 boxes are for Italy
100,000 for tho Orient and the remainder
scattered. Domestic demand for this prod
uct also is large.
Predictions are heard of an early an
nouncement of higher prices -for wire prod
ucts, and some makers are reported to
havej withdrawn from the- market, at least
temporarily
The Government has awarded contracts
for 10JSOO tohs of structural steel for addl
tlonal Improvements at navy yards aqd at
arsenals.
This males a total of 75.000 tons ordered
- for these purposes and additional contracts
ara pending for about 10.000 tons, half of
whlafl Is for storehouses for ammunition
anil BtnM and for other structures' cbnnect.
:w" i .' .. . . . --.-
Air Reduction ..
Am Stores
Aetna Explosives
Am-Brltish Mfg
Am Marconi
American Writing Paper
Canadian Car Co. ..
Can Car & Ftly pref
Charcoal Iron
Chevrolet Motors ..
Cramp
Curtlss Aeroplane ...
Carwen Tool
Carbon Steel
East Anlllno
Emerson Phonograph .
Federal Dye
Haskell & Barker Car.
Hendee Mfg
Kathodlon Bronze pref
Lake Torpedo Boat . .
Lehigh Coal Sales
Lima Loco
Maxim Munitions ....
Marlln Arms
N Y Shipbuilding ....
Nor Amer Pap Pulp . .
Otis Elevator
Peerless Motor
Poole Eng
rierce Arrow
Redden Truck 1"
Santa Cecilia 20
Santa Cecilia pref 55
Scrlpps-Booth 30
S S Krcsgo w I 10
Standard Motors 13
Steel Alloys "V4
Submarlno ss
St Joseph Lead 1Vj
Todd Shipbuilding 84
Trlanglo Film 1
United Profit Sharing...
U S Steamship 4
United Motors 2"
United Sugar 30
World's Film
Wright-Martin Air 1V
ZIno Concent 2
STANDATID Oil, STOCKS
Illinois 313 218
Ohio 350 360
Prairie Plpo 310 375
stnnrt nil of California. 3B0 305
Stand Oil of New Jersey. 005 813
Stand Oil of New York. .381 288 283
INIIEPENDENT Oil, STOCKS
Barnett Oil & Gas 2V4 2 2
Cosden Oil 2 '
Cosden & Co 13 W 12
Klk Basin 10 10V 10M,
Federal Oil 6 B 5
Inter Petrol 1314 13
Houston Oil 32 23
Merrltt OH 20 20 26
30
32
.1
8
83
67
2
07
45
5
All
18
80
42
10
30
A3
40
11
13
7
33
19
87
IT'.
5
28
3A
8
3
OTa
31
1T6
'o
28
"
5
3
200
280
INDEPENDENT OH,
STOCKS Continued
Yes. close.
nid. Asked. (Sale)
Midwest Ref 133 135
Met Petrol 1 1)1
Ohio Fuel 18 20
Oklahoma Ref ....... 10 107,
Osage Hominy 8 RTi
Rice ft
Sapulpa Ref 0 10
Sequoyah 1 1
Sinclair 30V4 31Vi
Un WOll 43 45
MINING STOCKS
Alaska Standard 33
Atlanta 11
Big Ledge 3
Blsbea Copper (a prosp)
Butte Copper & ZIno... 12
Butte New York 1
Cat & Jerome 1 H
Con Arizona 2Vf
Emma Consolidated .... 1
First National 2
Goldfleld Merger 5
Goldfteld Consolidated .. 80
Goldfleld Florence 20
Goldfleld Kawanas 13
Green Monster 1
Hecla Mining 8
Howe Sound 0
Independence Lead 11
Jerome Verde 14
Jim Butler 75
Jumbo Extension 30
Magnate Vm
McKInley Darragh 50
Magma Copper 44
Mother Lode 38
Mines Co of America ... 1
Nevada Hills 35
Nevada Wonder 1
Nlplsslng 7
Ohio Copper 1
Ray Hercules 3
San Toy . . . .' 10
Tonopah Extension .... 3
United Verde 89
West End Con 01
White Oaks 3
White Caps 1,
Yerington 27
BONDS
American Smelters 5s .. 02
Atlanta Charlotte 5s ... 07
Bethlehem 6s 08
Cosden OH 6s 100
Cosden & Co 6s 07
Cudahy 5s 97
Erie 5s 07
New Haven 5s 00
New York State 4s 105
Russian Govt 5s 70
Russian Govt C's 80
Southern Railway 5s ... 87
Sinclair Oil 6s 05
Todd Shipbuilding 6s ...101
40
13
2
12
1
m
3
lft
3
7
55
35
15
1ft
8
5Ti
13
ITa
80
38
U
53
40
20
n
30
1
7
HI
4
18
2
30
08
"i
29
03
08
08
103
00
100
07
07
100
73
82
87
00
103
10
8"'l
ft
'ift
31
42
38
13
3T'
is
3',i
ift
o
48
ift
1
75
33
II
44
28
Hi
ift
30 Vi
80
29
02
08
72
82
NEW YORK BOND SALES
High.
10000 Am Asr deb Bs. 101
63500 Anglo- reach Bs .... 038
r,0000 Am Foreign Seo Bs... us
40000 Am Tel Bs... SH
600 do rvt 4Vi J-Lq
1000 Am Writing Paper Bi. 88
Knnn Atchison gen 4s. ... . . V1'
1000 do cv 4. 1080. . 101 J
10000 Bait t Ohio Btts
13000 cv 4rt a.. .......
30000 nrook II T Bj 1018.
1000 Can Govt Bs 1021...
2000 do Bs 10?8. ......
1000 Cal Oaa ft Eleo 8...
fiOOO Cent Pacific. 3Hs...
3000 Chess, ft Ohio cv 4W
3000 do conv 5s ...... .
sooo Chi n 4 Q Joint 4s.
Soon Chi lnd &West 4s
1000 Chi IK ft. St 1
10000 Chi It I ft P r
itrArt a Km 1-1 n at
lOOOO Col ft South 4V4....
16000 Del ft Hud rta
2000 Krlo conv 4s Ser n ..
18000 French Itepub BVi" ..
1000 Iowa Central ref 4s..
8000 111 Central rfd 4s....
1000 Interb Met 44 ,
1000 Interb 11 T ref
100OO Inter Mer Mar 8s.. .
1000 inter Air Bs
8000 I.ex ft B Bs
Low.
11..
M3H
95
100
88
00
90.
89 H
DT',5
90
95
84
78
89
95V4
t .:::: wi ? ?$
,l.?,' ! .,T r.V TfaT
(13
B5
99
8M
7m
0.1H
094
RM
HVt
A3
9.1
111
75
9Vi
105
8sv
Close.
11.,
93H
93
9S54
ino
88
90
101
not;
98
97W
90
93
84
78H
on
95H
01'
79fc
93
B3
99
4Ri
hn'i
93 i
oiVi
75
98Vi
105
?
Hlrh.
1000 South Hwy een 4i A7H
3000 do con Ba 08S
8000 Third Ave 1st Bs 100
21000 U H Rubber ct Bs 87ft
1000 do As IOIJ4
soon II B Steel s t 6s 104
BOOO Union Pao 1st. 4s 03.
8000 UKdlOD ft I Bs. . . U7J4
33000 do rWl 1018 99l
02000 do BVk a 1010 new. . . 0UH
t'8000 do f,4s 1910 9A)i
4000 do GHa 1921, 93t4
10000 West Union i'A , 3
1000 do Bs '01H
Low. Close.
07 i
oaU
100
87ty
1011
104I
93
U7H
A
99 !
OAK
95V4
93
01H
8.!r
100
87
101I
10K
03
97U
99A
99S
lS
9Vi
03
91H
New York Stock Sales
Alaska Gold M...
Allls-Chnlmers Co.
do pref
Am Can
Am Cotton Oil. . . .
Am Hide & Leath
Hlth
8
28
80
50
40
14
Low,
8
28
80
BO
40
14
03
24
71
12
00
107
34
71
120
121
103 103
51 88
Net
. Close, ohge.
8
28
80
60
40 1
11
63
S4
72
13 1
80
107 74
31
71
121 Vi
131
1
"
1
1
11
do pref 03
Am Linseed 21
Am Locomotive .. 72
Am Malt 12.
do pref 00154
Am Smelting . ...10RH
Am Sum Tob Co, . 34
Am Steel Fdy 72
Am Sugar 121
Am Tel & Tot ma;
Am Tob pfd new. 103
Am Wool 55
do pfd 00 00 08
Am ZIno & Lead . . 33 33 33
Anaconda 81 83 81
All, Blrm A All.. 10 10 10
Atl Gulf & W I. ..113 113 113
Baldwin Loco Co. 80 05 03
Ilaltlmnrn A Ohio. 73V4 73 73
Barrett Co 115 115 118 3
Beth Sleol B ....148 117 118
Burns Bros 101 loo 100
Butto A Sun Con. 42 42 43
Canadian Pacific. .160 150 160
Cal Packing Co... 38 3t 38
Central Leather. . . 00 03 00
Chesa & Ohio co 80 00
Chi M & St T 73 75 73
do pref 110 110 no
Chi & Northwest.. Ill 110 111
Chill Copper 33 32 22
Chlno Con Cop 88 67 87
Col Fuel & Iron... 53 53 83
Col Gas & Elcc... 41 41 41
Corn Products ...32 31 33
do pref 104 101 104
Crucible Stcol ....81 70 81
do prof 105 10514 105
Cuba Am Sugar.. 185 182 183
Cuba Cane Sgr. .. 45 4474 45
do pref ..00 00 00
Del & Hudson ...11074 110 110
Demer & R G.... 7 7 7
do pref 15 15 13
Distillers Seo 23 21 23
Erlo 38 25 28
Elk Horn Fuel... 38 37 37
General Motors. ..112 111 111-
do pr 88 88 88
Goodrich B F.... 53 53 6
Gt Nor pref 107 107 107
Gt Nor Ore subs.. 83 33 3S',4 .....
Gulf State Steel.. 127 127 127 1
Int Agrlcul m
Inspiration Cop ., 01
Int Harv N J ,...113
Int Mer Marino.. 28
do pref 83
Internal Paper ... 38
Int Nickel 41
Kennccott Copper. 4fl
Lack Steel 08
Loo Rubber & Tire 18
Manhat Beach ... 1
Max Motors 30
do 2d pfd 31
Mex Petrol 09
Miami Con Cop. .. 41
Mldvale Steel 01
Mo Kan & Tex... fl
Mo Pao w I 29
do pref w 1 ... 57
Mont Power pref. 112
Nat Con & Cablo 37
Nat Enam & Stpd 40
Nevada Con Cop. 24
New York Cen... 03
N Y N II & II... .30
Northern Pacific. 101
Ohio Gas 137
Pao Mall 27
Penna R R
Pco Gas & C... .
P C C & St L. . .
Pitts & West ...
do pref
Pitts Coal ctts.,
do pref ctfs
53 Vi
73
. 33
. 7
80
.117
Ray Con Copper.. 39
Reading OK
Rep Ir & Steel . '. . 03
Royal Dutch 83 Vi
Saxon Motors .... 30
St L S F 17
Sinclair Oil 54
Sears Roebuck ...174
Savage Arms .... 101
Shattuck Ariz . .. 20
Sloss-Sheff S & I 01
South Pacific 03
South R R 38
Superior Steel ... 8
Studebaker .... 83
Ten Cop & Che? 10
Texas Company
Third Av R It 31
Tobacco Products, on
Un Iiag&Pap new 91
Union Pacific 137
United C Stores.. 107
United Dyowood . 85
Un Ry Invest pref 10
U S C I P & Fo.. 21
U S lnd Alcohol.. 189
U S Rubber Al
U S Steel 131
Utah Copper 111
Va Car Chem 44
10
01
113
28
81
38
41
40
07
18
1
49
31
08
41
04
0
20
67
112
30
30
24
0i
33
101
137
37
53
73
73
31
87
63
110
39
0A
01
02
. S3
17
nt
174 .
07
30
80
03
37
48
83
10
Vi
Vi
Vi
t
1
8
"'
4
'
1
1
'
1
''
2
1
1
1
Total sales. 273.800 shares, compared with
405, ion nharel, last Saturdavi this mk.
5.111,400 sharesi last week, 4,377,300 shares,
CLEARINGS ADVANCE AGAIN
Increase of 28.G Per Cent Scored-for
the Week
Further gains were registered In bank
clearings throughout the country In the last
week, the Increase being 28.5 per cent. The
total clearings wero $6,164,527,925, ngalnst
$4,798,075,918 In the corresponding week
of last year.
Details follow:
1017. 1918. p.c.
New York... $3,068,954,313 12,145,311.918 35 5
Va Iron C & C
WabaKh pref A. . .
do ptef B
West Maryland . ,
do 2d pref
West Union Tel.
Westingh Mfg
do 1st pref....
Woolworth 128
Worth Pump & M 37
do pref B 00
Wheel & L E .... 10
do pref 34
Willys Overland.. 31
Wilson Co 70
do pref 103
16 314
21
60 Vi
80
137
107
0.1
10
21
105
01
130
110
43
70
40
20
31
38
03
61
08
138
35
00
16
33
30
73
74
40
28
21
30
03
63
08
10
04
113
28
83 Vi
38
41
40
08
18
1
49
31
08
41
01
074
20
67
112
30
40
24
02
30
101
137
37
53
73
73
35
07
80
11074
30
07
03
03
33
17
51
171
101
20
00
03
28
18
83
10
314
31
89
00
137
107
03
10
21
107
01
131
111
41
71
40
20
21
30
03
83
08
138
37
00
10
31
30
71
1
Vi
3
'
1
''
04
1
1
Vi
VA
105 103
Chicago
Philadelphia.
Hoston
Kansas City.
St. Louis...
San Francisco
nttsburgh .
Detroit ....
tlaltlmnre . .
New Orleans
437,335,720
293,338,Mr
208.333,207
113,202,434
lin.983,cnn
80,124,484
69,308,185
48,507.809
38,457.785
27.805,055
Sales in Philadelphia
Net
che.
2
1
nit-h. Low. Closs.
10 Brill J G.. 20 20 16
103 Eleo Stor.. 83 02 03
600 Lk Sup C. 2074 20 2074
20 Mldvale ..84 04 04
68 Penna RR 88 83 83
13 Pa Salt M. 08 00 00
20 Phlla Elec. SO 30 SO
478 PRT tr Ctf 29 20 29
10 Ray Cons. 20 20 29
101 Reading .. 07 07 07
803 Ton Bel .. 4ft 4 4ft ft
100 Ton Mlh .. 0 8 0
27UnTrao.. 43 43 42
874 U G I .... 78 78 7874
1330 U S Steel. 131 130 181
80 W Cramp. 85 85 85
Total soles, 4083 shnrea, compared with 5170
flinres, last rinliirday; ihU week, 70,037 shares)
la t nrek, 67,870 shares.
IMNDS Net
.... . - - Hbro. Low. Close, dure.
$800 Am O Gas
& Eleo 5s 02 03 02
60 Lib L W i
3B ... 50 60 60
100 do. 100 8.80 100 850 100 5.60 5-80
1000 Penna Co
con 4Vs
1060 ...103 103 102
28000 do temps
cts 4'4s 00 03 00
3700 P Eleo 4s. 101 100 100
Total sales, $33,430, compared with 875,100
lat .Saturday; this week. J375,830 last eek,
8179.500.
Local Bid and Asked
TRADING IS ON REDUCED SCALE HERE.
MOVEMENTS IN PRICES MEANINGLESS
Most of Trading Takes Place in United States Steel
Common, Which Sells .Lower u. u. i. Keceipts 1
on Unlisted Department ,
A fractional gain was mad k -...
Gas Improvement stock on verv n.v, . f'H1
Ing. Tho Stock List Commit"! ?
placed on the unlisted department ttX
Gas Improvement receipts for whole. W.
EX Cm' """ 'c"," lur "a'nal .hw
Stock trading In Philadelphia during the
short session today was on a reduced scale.
The changes In quotations ns compared with
tho final figures of last night were only
fractional and the movements were mean
ingless ns far as Indicating anything of the
market tone.
It was In United States Steel common
that the greatest amount of trading took
place and the trend of tho stock was the
same as In Wall street. It was not as active
as on previous days of the week, only n
little more than 850 shares having changed
hands before the expiration of tho first
hour. Then there was a loss of a full
point
cates
In
full nald.
Philadelphia Rapid Transit in.t .Fl
tes were a little more actlv h. .."
fact, they wero the most .mi.. !."-.
home shares, Tho Increased hn.ir,... ?i .
Issue was at an expense of the price vf?
was off a fraction. Tho maloriii, '.. Ji '
stocks traded In on the local ijXl
during tho week made 'advance. 'gn
CORN GETS EASIER
AS SELLING GROWS
Clear Weather in Belt Results in
Liquidation by Commission
Houses
::::.:: SJh
7A
83M
Amer Storo ....
una j a
Dufr & Busq t o
do rfd
Haldwln Loco .
Klertrlo Storaffe
General Asphalt
tin nM . .
Kefstnno Tel ,
!,fiko Sun Corp
l,ehl(th Nov . .
Lehigh Valley
lenisn ai ir
do pfd
Ponna II R .......
Phlla Kloo
Phlla Co
do B por cont pfd.
do ecor cent pfd.
P H T t o
jteaaina;
Tonopah
Tononah Atlntnir
union Traction 41
U a I 78
U H Steel 1.11
York Ilwy 13
do rfd 30?i
Wm Cramp to 84ti
Itelmont
Aim
Today Yesterday
nid Asked Did Asked
30 .17 38 38V4
20V4 27(4 28 20
55 .. 51 50
49 . . 49 62
AA AAIJ 05 A.Vi
G-tVt A3 A25i HI
20 22 20 22
A0 A2 A0 A3
ll'.i 11 11H
21 20 21
77., 78ti 77,
04 A35 A4V4
42 42J 42 J2J4
53 r.3'1 B.1'4 53.
SVYt 30 29 30
33 34 .1.1 34
28 an 28 an
3) 30 33 .19
2 29H 29 20S
97V4 97i 97S 7i
4 4j 3W 4.
Hit air nil
45 41; 42I
79 , 784 79
13Ui 13H, 131?;
14 , 13 14
37Vi 301 ,17'i
85(5 84V4 85V4
NEW YORK BANK STATEMENT
Average and Actual Loan 3 Increaso,
While Deposits and Surplus Fall
NEW YORK, Juno 16 The New York
bank statement this week showed tho ef
fects of the Liberty Loan financing. Both
averaga nnd actual loans gained materially
over the previous week's showing, while
tho deposits nnd tho surplus showed do
cllncs. Details follow:
ACTUAL
....IS.818.005.00ft
sit. .Id.
501,009,000
170.15R.000
29,04.1,000
1347.097,000
Loans
Net demand deposit.
Not tlmft dennsll. . .
Circulation
Kesene. own vaults.
lUeervo Federal re
serve banks ...... 261,014.000
jirsero, oinor ue
posltorles ,
Ap-RTPKate rosorve. . ,
ltpere required.,.,
rturpius
Decrease.
$34,721,000
2.43U,000
0.822,000
IAA.000
11,350,000
4,575.000
58.823,000 2.385.000
869,334.000 18.198,000
015,183,250 3,527,550
54.030.70 14.AA8.450
Tmuea mates deposits deducted (145,489,000.
tot which J301. 028.000 Is specie.
AVERAGE
Loans J3.f01,272,00ft JSS.OIS.OOO
ci nemana deposits TJ,n;f,,,(M)u KOT.miu
Nrt time deposits.
circulation
Hesero, own vaults,
llis've, Fed. Res. bks.
Ites've other deposit's
Aggregate reserve ...
Reserve required ....
Surplus
increase..
172.AA2.000
20,591,000
lano.oni.ono
247.998,000
58,355.000
8AA..15A OOO
A18.253.9J0
50,102,030
,244.000
359,000
32,839,000
14,803,000)
823,000
ls.rwo.ooo
7,721,890
10,847,110
tUnlled States deposits decreased $141,188,000.
lot which $317,5S1,000 Is specie.
OUTSIDE BANK STATEMENT
Decrease
Loans, Investments.. $445,134,800 $4,848,100
"old 47.002,000 2,540,500
Currency, bank notes 20.4AA.8no 80.000
Deposits 578.077,1100 7,830,300
Reserve on deposit. .. 10(1,138,300 7,087,100
Percentace of reserve. 23 8 per cent; decrease,
1 5 per cent.
TRUST COMPANIES
Loans. Investments.. $1.870.281. 200 $20,370,500
Gold 157 hll5,300 4.471.600
Currency, bank hills. 15.431.hno 1,773.200
Deposits .... .. 2.220.542.700 '10,081 000
Reserve on deposit.. 3A9.72A.700 15.131,700
PercentaKo of reserve. 21 4 per cent: decrease,
.8 per cent.
STATE RANKS AND TRUST COMPANIES NOT
REPORTING- TO CLEARING; HOUSE
Loans, Investments.. $802,337,000 $14,030,800
Oold A7.4OS.40O 90A300
Currency, hank notes 11,034.700 139 400
Total at posits 1.031.12.1,700 1,841800
Net depOBlts ....... RA9.37t.200 10,828.800
Reserve on deposit... 205.2A1.600 8 170 900
PercentaKo of reserve. 23 2 per cent, decrease;
1 - per rent.
Increuse.
GOVERNMENT BONDS
2s registered 1980
2s coupon 1930
3s registered 1918
3s coupon 1918
4s reslstered 1035
4s coupon 1925
3s registered 1948
3s ooupon 1048
Panama 2s registered 1038
Panama 2s registered 1938
Panama as registered 19A1
Panama 3s coupon
Did
9R1
104
104
88
88
05
95
85
85
OltAIN I1EI.T lVEATnEIt FOTIECA8T
, CIIICAGO, Juno 16. The weather forecast
for thirty-six hours follows!
Illinois, Wisconsin and low rnrfly
rlondT tonight nnd probably Sunday, thun
der showers, rising temperature.
Missouri, Minnesota. North Dakota. Bonth
Dakota, Nebraska and Kansas Generally
inlr tonight and Munrtay wanner.
CHICAGO, June 10.
Selling by commission houses on clear
weather In the belt caused an easy tone In
corn at tho opening today, - although low
temperatures In the crop country had a ten
dency to check Belling and caused some
covering.
July opened at $1.55 1.55, against
Jl.GoiS at tho end yesterday; September
at $1.4841.47H. against S1.47H at the
close yesterday, and December at $1.10
1.00 H, tho final quotation yesterday.
The market at Liverpool was firm on
light export offers. Receipts here today
were 151 cars.
Thero was further liquidation In wheat
In the early trading on tho appearance of
offers of the new crop. July showed a loss
of 2o at the opening at $2.21 and September
started at $1.9501.94, against $1.96 at the
close yesterday,
Tho market at Liverpool was dull and
easy on tho tendency downward In the
United States. World shipments for tho
week were expeoted to bo liberal, the United
Kingdom, Italy and France receiving a good
share.
Tho receipts at Minneapolis and Duluth
today were 174 cars, against 311 cars last
year; at Winnipeg, 667 cars, against 893
cars a year ago; at Chicago, 34 cars, com
pared with 43 cars last year.
Oats wero helped by talk of a demand
for export, and prices Improved after slight
losses at tho outset July orencd at 64
to 64 He against 6 4 a at tha close yester
day; September, at 5Ho W 63V4c, against
63o at the end yesterday, and December
at 55ic to G5c, against BBVfco at the close
yesterday.
Receipts here today were 178 cars.
The market at Liverpool was dull and
easy.
Leading futures ranged as follows:
Wheat Yes'day's
upen. ilign. j,ow.
July.. 3.21 3.23 2.21
Sept.. , 1.05 1.90 1.94
Corn (new delivery)
July.. 1.551 1.87H 1.55
Sept.. 1.47 1.50 , 1.47W
Dec..-. 1.10 1.12W 1.09&
Oats
July.. A4J4 A8K A4U
Sept.. 63M 51! 51H
Dec. . . C5H G0H &-)H
Lard
July.. 21.32 21.87 21.30
Sept.. 3155 21.85 31.50
ittbs
July.. 20.85 21.07 30 00
Sept.. 21.17 21.32 21.10
Pork
July.. 38.25 38.45 38.15 tSn.40 38.80
Sept.. 3S40 38 70 38 85 138.83 38.55
Bid. tAaked. JNomlnal.
Snnn ntinr Aia nMAv,lMM ... J
Liberty Dond appeared on the tape, " JJ
COTTON ADVANCES"!
TRADING MODERATE
Demand Comes From Many
Sources, With Supply )
Scattered
COTTON riBXT WEATHER CONDITION '
NEW YORK, Jnne 18. The followln. .1
perattrres were recorded In jh. ...V IHJ,
mornlnri Asheviiu ao. x.r. ...: ibm
1... . ..:!..., w , .I.KIlIll . ir. . -
ahlll --"
B3l Montre-nYSr
nit M..,. :'
Merlilii!
lltA .....1 , Y' '
-...v i.iiu ii rm nznnm.
Memphis nnd Chattanooga.'
j' ?,0D,le.. Shreveport, Abilene V.W.5:
nd ThomasTllln. nn, Wilie JaU
Orleans. 84) DelRlo. Son Aniinii "?',
Th..- "K.. rlS. VnrJ."- -!' Tomna. rt "
NEW YORK, June 1. J
Trading wa only moderate at the er,2
lng of tho cotton market today, but tij
tone was firm and advances of 7 to 21
points were recorded. New Orleans, u
iun juiorram, wan street, commlssloj
houses ana room traders purchased on i
small scale with the supply comln-r fnm
scattered sources, led by spot houses' uJ
operators usually acting for Liverpool, j
Weather conditions In tho south, whtJ
were generally favorable for tho crop,
Ignored, but considerable attention ftt
given to the fact that temperatures vtn
much lower. It was clear all over fjii
belt '""J
At tho end of the day's short eeMlm
net gains of from 4 to 60 points were r.
corded.
Receipts at the ports for the day tri
estimated at 6000 bales against 856
week ago and 11,561 bales a year ago. i
Test closa Opefl. High. Low. Clou.
UU1JT Kl.O I.OtJ m-iVi
October 24,18 24.20 24 A0
December ..,.24.30 24.44 24.81
January 24.84 24.55 24 77
-4.0J 21.72 25 00
Spot
21.00
24.65
24.20
24 44
24.54
24.69
21 IT
2411
2tM
34 7T
25 00
Close.
13.21J4
1.95V4
1.5AU
1.48U
1.09
05
5$
31.A5
121.85
20 05
21.27
Close.
tl.'oa
1.5514
1.47H
1.10
84J4
53;
t55'4
121.42
121.83
120 92
T21.17
FOREIGN EXCHANGE
NEW YORK, June 16. In the early for
eign exchange trading pesetas were Bome
what strong, being about 5 points higher
than yesterday's close. Swiss was firm, but
lire was easier.
Quotations were:
Demand sterling quoted 4.75, cables
4.75 7-16; sixty-day bills 4.72, ninety-day
bills 4.70.
Franc checks 5.75H, cables G.74H.
Lire checks 7.1014, cables 7.09H-
Swiss checks 4.99, cables 4.974.
Guilder checks 41 U. cables 41 5-16.
Ruble checks 23.05, cables 23.15.
Peseta checks 23.60, cables 23.75.
Stockholm checks 30, cables 30.20.
Chrtstlanla checks 29.20, cables 29,10.
Copenhagen checks 28.80, cables 29.
BANK CLEARINGS
Ings today compared
oi 1B.BI iwo years:
Rank elearln
spending day ol
1017. mi.
Tlnatnn !An "99 m lr.lM.
Philadelphia. 87,981,438 41.950.028 SS.JsKnSO
New York... 804. 627.521 487,521.907 387,440,990
with corre-
1015.
Cotton Buyers and Sellers
NEW YORK, June 16. July Mitchell
Hartcorn, Cardoza and Peers bought; Pit,
rott, Cone, W. Gumoens and llentz sold.
October McEnany, Downs, Lowensteln.
Geeran, Cardoza, Hartcorn, Peers and if
bought; Hagedorn, Cone and Parrott sold.
December McEnany, Watklns and Allen
bought; Downs, Rountrce, Ranger, Monler,
Rosenberg and Russell sold.
January Glfford, Cardoza, Downs ml
W. Gumoens bought; Jlunds, Parrott uA
Jtountree som.
March Hartcorn. McEnany and
bought; Geers sold.
Ilenb)
MONEY-LENDING RATES
PHILADELPHIA Call, 5 per cent.
Time, 5 to 5 per cent. Commercial pares,
mreo to tour montns, 5 to 5 M per cent.
Reserve- Banks' Discount Rates
Orer 69 '
up to Ml
4
e
3
n
Boston
New York.. . .
Philadelphia ,
Cleveland ....
Richmond . . .
Atlanta
Chicago
St. Louie
Minneapolis . .
Kansas City. .
Dallas
San Francisco
10 or
less
. 3
. 3
: sat
a4
3
5
4tt
Over 30
up to 80
4
4
u
4
4
4
Agrlcul,
Over 00
Boston
New York . . .
Philadelphia
Cleveland . .
Richmond . .
Atlanta
5
5
4W
h
Over 10
up to 30
4
4
4
4
4
4
J
3'A
Trade aooeptances. Com!
Up to 60 Up to 00 modUrl
3H 34 m
3V, M . 1
5H
4
4
Chicago 5
St. Louis 4V4
Minneapolis ... n
Kansas City.. . 5
Dallas
San Francisco.
$
31? 1"? 3H
3VS' 34
o lli II
m 3v5 vt
olZ lli X
33 3H a1
Ud to thirty days: over thirty to sixty.: 4 fj
.- ii .. . ;.. am . a nlnkfV.T
conn oixiy iu ui'ieiy 72 vcr wcuv, uv ...,r
5 per cent. t
NEW YORK BUTTER AND EGGS
NEW YORK. June 10 RUTTER Beclptlj
12,819 tube. Firmer. High score, S09J
extras, 37V437?ic; firsts. 36V4 374iCi SUt4
dalrv 3jc
EGOS Receipts. 33.348 esses. Steady. E
tras, 33V4iff34cj firsts, 3030V4c: nhlte. 35H9
86c; brown, 34Vi 35c; mixed color, 30831c, jf
-n
331,583,470 28 0
201,178.031 .-43.7
180.740,253 -.14 2
71 409,311 .-58.3
87.010.530 33 3
51.111,573 .-88 5
57,480,170 .-20.8
39,098,748 .-2 1
38,704.150 0.8
30.943.680 33.7
Eleven cities.
a days. . ..if,B3,23f,iia 13,337,840.939 27 4
820.384,869
Other cities,
5 days....
611,434,802 21.8
Total sales, MO3.OO0. compared with 1.U7.
000 last haturdavi this week, Sll,29,0O0 last
week, 111,337,000.
.a i-i.. c...i k. in in
Jiiuuu wena VK1 vw aaV
.'" !'"""".. .-.. .JVinn"?- iiwi 100
1000 MlniT I. 47...... RMy BO- IS0J4
Jono I SSstPBBMii" M 88V5 58
3??on loPe w 1 4. ..... n o
1000 N Y C A 11 6s 100V4 lOOVi
KA
07H
15000 do 4 s ,
2UIHI no 1. liJJt
10000 NY City 4. 1950..
6SToNYNiitH'e.:::::o4
7000 N Y Tel sen 4V4 94
BOOO nor rao prior . S'iif
1400O i'enna an.yt 71
9000 do en 4V4s .
lono do 4H 1931 -
1000 Reading gen 4s..
5000 Bt MM .8 4S
1000 St I 8 F In 5s
"000 do gen et sta
3000 do Her A 4a .
BOOU Bouth Pao cy 4s. .
fid
91-,.
97
99 ,
94H
94
88
av
102V4 102)4
99V( H
9lVi 91
77 77
49U 4Vi
8a' A3
a n
881
AO
10.1,,
100H
M.,
91H
97
09
04
mi
8'l
95-
103
99
av
11
4Vi
H3
M.
1. 8 Hi Sl4
LIVE STOCK QUOTATIONS
CHICAGO, June 18. HOOS Receipts. 0000.
Markets steady. Mixed and butchers, I15016:
good heavy, 15.75ffil8.03i rough heavy. 115
15.60; light. 114.50015,60; pigs, 112.60CP14.50;
bulk, 15.30O15.a5.
CATTLE necelpts, 1000. Markets steady.
Reeves. 9.1513.75! cows and heifers, I6.40O
13; stockers and. feeders, 18 400110.76; Texans,
S1&.83013.25; calvss, $1S2515.B0.
8HBEP Receipts. B0OU. Markets strong.
Native and western, I8.o0CP11.35; lambs, 113
18. ,
New Rock Island Bonds Authorized
ST. LQUIS, Mo., June 16. An order has
been Issued by the Tubllo Service Commis
sion at 'Jefferson City, Mo., authorizing the
Issue by the Chicago, Rock Island and
Paclfio Railroad Company of J12.500.000
iVi per cent bonds to refund similar amount
of 6 per cent bonds due July 1,
Cotton Statistics
NEW TOnK. Joa I? The statistical po.
11.1, of cotton Is aa follows:
TwU week Last week Las)
TSttat .w;-. $mm.t
s.703,454
-,it,t
:yar
4.144.15S
I 3.7S4.1H5
Total all
cities, 5
days ....13,115,618,985 14,039.121,741 :
All cities, 1
day $1,048,0.08,940
1738,954,177 38 2
Total
cities
week ,
all
for
I6.164.B27.935 44.798.075.018 28.5
,NEW YORK COFFEE MARKET
NEW YORK, June 16. The market for
coffee futures opened steady today, un
changed to an advance of 1 point, without
transactions on the call. There was no
fresh feature In the markets and buyers
and sellers appeared to be willing to hold
off, awaiting developments.
Today'g
opening.
June ....
July
August . .
September
uctoDer
November
December ...'8.00
January,
eoruary ,
March . ....
April ,
May
Old.
7.75
'.W6
8.1108.15
h'.ib
Today's Yesterday'
close. close'
Z'SSSI-8" 7T87O7.00
7-9007.91 7.81 $7 82
7.9AOT.99 7.89$791
7.92IB1 Ql
7.0007. 09
8.01 58 03
8.04 08.05
8 0Aft8.07
8 nag 8.07
8.1608.18
8.33 Q 8.24
8 27 8.39
8.3308.34
7.95 7.97
jf.tfW,
8.08 g
8.18S
H.18I
00
8.05
10
8.
8.231
'8.15
'8.20
8.25
I ASI NOW and hava for past several years
drawn salary of six thousand dollars c
annum, assamitur entire management of ihl
business. Hava outgrown
want something with good.
pects. Don't answer unless
thing to offer with a real
ubatantlal ability to dsyslop.
V.. V , II ,1 I f I
tna position and
live future pros
you have some-
fav,i;fi.rfsu.'
"' w lV
SINKING FUND AND REDEMPTION PLAN
To the Holders of
PHILADELPHIA COMPANY
First Mortgage and Collateral Trust 5 Gold Bonds, due March 1, 1949
Consolidated Mortgage and Collateral Trust 5 Gold Bonds, due Nov. 1, 1951
The Sinking Fund and Redemption Plan has been declared
operative as of June 15th, 1917.
Further deposits of these Bonds will be received up to and
including July 15th, 1917.
After July 15th, 1917, to and including August 15th, 1917,
deposits of Bonds may be made only.upon payment to the Philadel
phia Company of a PENALTY of two per cent. (2) of the princi
pal amount thereof, and upon such further terms and conditions as
may be prescribed.
BROWN BROTHERS & COMPANY MONTGOMERY, CLOTHIER & TYLER
Philadelphia. ' Philadelphia.
JEROME HILL & COMPANY,
Pittsburgh. "
it. J&s"m.
mus wMfWz,
-& HK.'
x.
y
t' ,aai !
,V
"? ? .
f7W
-t.
"&.?
mr:
tx
-;&
:-
MOO It
PMtr
eWTKXU.
.-. ti. '. .y.k.u..rf ,t. b-Fr$