rr- p.. Dv- h " ? '& & Wl. '' 1 & M; Ml evening ledger-Philadelphia; satubday, june 23, 1917 : " T -1 i f t -' - II I nTTVT A TVrrT A T TWTTCWG I 1 New York Slock Sales J&. .A- . - - i k " Jk n rt " tt iiew ? I M HIGH OiIADE TMX FREE RAILS PHILADELPHIA AND READING RAILWAY IMPROVEMENT 43 'PENNSYLVANIA RAILROAD QENERAL"H'aO i 16S LAKE SHORE AND iqHIQAN SOUTHERN-RAILWAY 2. YEAR 43 13l REILLY. BROCK-&' CO. BANKERS 306 CHESTNUT ST. ,. PHILADELPHIA advances op one to two points SCORED BY STOCKS IN NEW YORK - ; ' We suggest for investment jjGS. Public Service Co. ft rirat Lien Gold Bonds fyTax'refundable in Pennsylvania ' The Company own and op . , crate Public Utility Compa- Jj, nie supplying electricity, gaa, J. water and miacellaneous eerv- 1 ""co in thirty-six cities and town K4 located in ix State of the h Middle West. The Bonc- are substantially n First Mortgage on the proper tie of the subsidiaries. Earning well over twice inter '. eat requirement nnd of a ds ,pendablo character. Pricotto yield-over 6 Circular on request. William P. Bonbriglit & Covlnc, M0RRI8JWISTAR STROUD, Jr. Mooact-r 437 'Chestnut St., Philadelphia NewlYork Iloiton Chlcaro letrolt Market Ignores All Disquieting Talk About Government Price Fixing and Cutting of Profits Western. Houses Are Buyers High Points in Today's Financial News Stock market ignored disquieting talk about price fixing and cutting away profits and advances of one to two points were made. Brisk business took place on Curb. Grain higher; cotton irregular. Bar silver unchanged. Bank clearings for week increased more than 40 per cent. Heavy decreases shown in average and actual demand deposits of New York banlcs in weekly bank statement. Actual loans decreased while average gained. Surplus declined in both cases. London William I'. Bonbrtght' Co. Pari Bonbrtght A Co. :&Kmei?S: SKfeehejiigii h Liberty Loan Corrimunicatc with us if you overlooked ob taining your LIBERTY BONDS. Payment may be made in full, Govern ment installments or weekly payments. Registered or Coupon form, convenient denom inations. rrrrr- - i"- 4Z7 Chestnut St (irn..p.aeiphio. NEW YORK, Juno 23. The manner In which the stock market Ignored nil tho dlsqulotlng talk nbout prlco rovlslon by Government authorities and cutting away of profits of Industrial corporations was proof of underlying .strength far moro pro nounced than tho spoculatlvo clement comprehends. Nearly all tho room traders havo been Rollers of leading stocks slnco tho beginning of tho week on tho theory that monoy tension and tho cosh requirements called for by tho Oovornmont bond subscriptions would forco liquidation of speculative lines. Tho only assumption Is that long spoculatlvo linos havo In many cases been turned Into Investment accounts and aro not to bo disturbed because, of temporary conditions or bearish efforts. With tho completion of tho wsk n good part of what might bo consldorod tho period of unsottlement In tho monoy market has been passed, and although somo substantial declines occurred In tho first half of tho week, It Is evident that tho floating supply was further depleted on those rocesslons. . Today stocks moved up without any offort on the part of tho loading bull oporators. Como western housos wcro buyers, and thcro was n moderate amount of commtsslon-houso business on tho long side, and this demand was sufficient to causo genornl advances of 1 to 2 points. Unltod States Stool common ranged from 12SH to 1304, and Anaconda was traded In at 82 to 83. Baldwin Locomotive was In urgent demand nil through tho morning, moving up from COM to above 72?i, and a gain of about 2 points was mado In American Locomotive Trading In tho bond markot was quiet, with narrow fluctuations, although most of tho changes In tho general list consisted of fractional losses. New York City bonds wcro ngaln In supply at concessions, with tho 4 Vis selling at 08',. GOOD GAINS ACCOMPANY BRISK TRADING ON BROAD STREET CURB NEW YORK, Juno 23. Thero was brisk business tn many Issues on tho Broad Strcot Curb, with many stocks thcro making good advancos and with ovldenco of a further lncreaso In tho outsldo spoculatlvo Interest. Trading In Stewart Mining was on a largo scalo, with that stock selling at , most of tho buying being based on the further odvanco in tho prlco of silver, which tho company will produco In largo quantities on tho completion of tho Tuscorara mill. American Marconi was again active, selling nt 3'.i nnd 3S, nnd munition stocks wero-nctlvo and strong, with Aotna selling at 5, New Cities Service, which first nppearcd on tho Curb yesterday, was traded In nt 30 nnd 20. Curtiss Aeroplano sold at 43 nnd 42',4, and Wright-Martin was traded In on a largo scale nt 8 to 7"i. Submarlno Boat was In better demand than fo'r somo tlmo and advanced from 324 to 334. United Motors ranged from 29,& to 28 and Chevrolet sold nt 100 to 101. Tho oil stocks wcro generally slightly lower. INDUSTBIALS Yes. close. Asked. (Halo) MN rfATIONAL BANK RED'CROSS DIVIDEND The Board of Directors have declared a special divi dend o" one per cent, payable July 1st. In making this special dividend to the stock holders, the Board suggests that they contribute the amount of the dividend re ceived to the American Red Cross Fund. M. H. BAKER, Caahler. Market at Seventh. OlFlNNEY Kr Company .AUTOMOBILE BANKERS Offer -pedal facilities for In dividuals or automobile deal era to finance tho acquirement of pleasure cars, for business houses to finance the acquire ment of commercial cars or trucks. If you are thinking of purchasing a car of any kind for any purpose the FINNEY SYSTEM will make a better business transaction for you. - REAL ESTATE TRUST DUILDINQ PHILADELPHIA F Charles J. Bender & Co. INVESTMENT BOND! Member- Philadelphia Stock CxcUinr NORTH AMERICAN BLDG. r DIVIDENDS OIHAUD TKUST COMPANY " HKD CKU3H FOND A epeelel dividend of two per rent (fSO.OOO) fcaa thla day been declared parable to .har. holder oGlrrd Trut Company on July i4ih Mil they lnd regular on June 30th.ll17 It la hooed that Individual har.hni..:Ti,tt antrlbnt thla dividend to tho Philadelphia Com ma uniira ocai. lor " car or oar men in tha military and naval force of our country and for relief "Of .uttering In tba countries IJf our Alllaa under the direct aupervl.lon of tho Anarlcan Bad Croaa. " " Jon 5, J91T, Praaldeot. OPflre of aNTEHSTATK K.IWVAY COJIPANY 411 Market Street, Camden. N. J. FREKKIUIBP 8TOCK DIV1UKNU NO. t. Th Board., of Dlrcrttr of 1NTE11STATB TIAJMVAY8 CpJIPANY haa declarad a Jle,ufar Semiannual Plvldend of TIIUKi: PKS CKNT (S) on th Ire furred Stock, payable July Id. 18iT. to itockholdera of record; t b doe of bualneaa Jun 10th. 1B17. Check! wilt b 'rnaJled. . - T W. onOOKETT, Jr , Traaurr. -f taUKCTMtY r ACCOUNTANT) Bid. Air Reduction 87 88 American Stores 33 37 Aetna Explosives 4 5 American-British Mfg. . . 8 IS American Mnrconl SU 3V& American Writing Taper. 314 4 Canadian Car Co 30 8(1 Can Car & Fdy pref ... 70 7(1 Charcoal Iron 8 n Chevrolet Motors 100 103 Cramp 83 88 Curtiss Aeroplane 42 43 Canven Tool ... 11 13 Carbon Steel 100 101 Emerson Phonograph ... o 014 East Aiillino A 0 Federal Dye 40 Haskell & Darker Car ..30 3914 Ilendeo Manufacturing . . 87 31 Kathodlon Bronze pref.. 1V4 S14 Lake Torpedo Uoat .... 8 814 Lehigh Coal Sales ...... 70 83 Lima Locomotive S3 57 Maxim Munitions 314 3 Mnrlln Arms 100 103 New York Shipbuilding. . 47 4B North Amer l'aper Pulp. 51ft 14 Otis Elevator 85 00 recrless Motor 17 10 Poole Engine 70 80 Pierre-Arrow 41 43 Redden Truck 18 10 Santa Cecilia 20 20 Santa Cecilia pref Oft 03 Scrlpps-Pooth 20 40 S S KrcsRO w 1 10 11 Standard Motors 12 13 Steel Alloys 014 7 Submarlno 3214 33 St. Joseph Lead 1714 10 Todd Shipbuilding 83 80 Trlanglo Film 2 2 Mi United Profit Sharing ... li United States Steamship. 4 5 United Motors ,... 20 2H United Sugar 30 3014 World's Film . Wright-Martin Air 7i 8 Zinc Concent 214 "V 8TANAltI OIL STOCKS Illinois 208 213 Ohio 313 317 Prairie Plpo 270 275 Stand Oil of California.. 2.18 204 Stand Oil of New Jersey.SOO 000 Stand OH of Now York,. 285 200 INDEPENDENT OIL STOCKS 84 314 8 so 4311 1314 103 OVi 30 2 103 40 514 INDEPENDENT OIL STOCKS Continued Yes. rloffe, Hid. 20 18 .ioh 8V 0T! 32 10 4T 20 7'H 2 narnett Oil & Gas Cosden OH Cosden & Co Elk Hasln Federal Oil v Inter Petrol Houston Oil 2 12 13 U?i 4 13 20 2 MY. IOK. A J3V n 2 12U 12 5' 13W Merrltt Oil Met Petrol Ohio Fuel Oklahoma Iteflnlng Osage Hominy .... rtlco Sapulpa Itcflning 09; Sequoyah 1 y. Sinclair so Un West Oil is MININO STOCKS Alaska Standard 33 Atlanta n Big Ledge 21, Ulsbco Copper (a prosp) . 14 Hutte Copper & Zinc... ioy4 Butto Now York 1 Cal & Jerome lj, Con Arizona 2 Emma Consolidated .... 1 First National ,. 3154 Goldfleld Merger ft Onldfleld Consolidated .. 50 Ooldfleld Florence 20 Ooldflcld Kewanas 13 Orecn Monster 1 Hecla Mining g Howe Sound ... nit, Independence Lead 10 Jcromo Verdo 1 ,, Jim Duller 73 Jumbo Extension 35 Magnate Copper 1 McKlnley Darragh 4 Mother Lode 27 Minos Co of America ... lai Nevada Hills 20 Nevada Wonder 114 Nlplsslng 714 Ohio Copper , Hay Hercules 3 Stewart San Toy , Tonopah Extension 3 United Verde as' West End Con 03 White Oaks s White Caps 1 y Yerlngton 32 a BONDS American Smelters 5s Atlanta Charlotte 6s , Bethlehem 6s Cosden Oil Cs Cosden & Co Gs Cudahy 5s , Erie 5s New Haven 5s New York Stato 4s . , New York City Itusslan Covt 5ljs ., Itusslan Govt 6Hs '., Southern Railway 5s Sinclair Oil Gs , Todd Shipbuilding Gs Aaked. 2014 1 20 10W 8 OTi 27 50 (Sale) 20 ion 814 14 0T4 Hi 27 40 . 38 13 2 1114 1 lit 2 1 3 0 52 25 13 1-f, 8)J TA 13 1 78 37 Ir. 53 28 1 25 1 7i V. 4 11-3: 18 214 3814 08 i 31 37 11 2 iiw, i 2 li". 0 51 1 8 1ft 78 33 0114 97 08 00 00 07 00 03 103 101 00 83 07 03 101 03 08 08 102 00 00 07 00 100 101 73 81 07 08 103 01 08 84 I Financial Briefs n The General Gas and Electric Company has Informed Its preferred stockholders that because of "the extraordinary short ago" the company will havo to pass the dividend. The Bank of England reports the amount of currency notes outstanding as 144,041, 830. against 143,033,073 last week. The amount of gold held for the redemption of these notes remains at 28,500,000. The London Stock Exchange and the Paris Bourse were closed today. Application has been made to the New York Stock Exchange to list the American International Corporation J49.000.000 com mon stock, 50 per cent paid. Commercial failures this week In the United States, as reported by R, O. Dun & Co.. were 285 against 277 last week, 201 the preceding week and 281 in the corre sponding week last year. Failures In Canada numbered 27 against 15 last week, 18 In the preceding week and 34 last year. The Chevrolet, Motor Company has authorized a contribution of $100,000 to the Red Cross war fund. Tho New York Subtreasury gained $383,000 from the banks on Friday, Gross earnings of twenty-eight railroads during the second week of June totaled $14.8:3,511, an Increase of $1,995,815, 'aa compared with the corresponding week ot the previous year. NEW YORK BUTTER AND EGGS NEW YOnit, Juua 28-jBUTTKRBeelpla, 844 tuta, market higher a Ad ataadVj bleh acor. in-. 4034ql3e: !' U SHei flraia, 88 ,! aaconda, 87Mi.mta dairy1. ai So. ,jSS-.clt. l3ti9Wkl nfcv irra DIVIDENDS DECLARED NatloiMl Properties Company, regular eeml annual of 3 per cent on the preferred atock ZWV? J,ulyAfl to tock of record July 0? and a dividend of 2 per cent on tho common atock payable July 2 to atock of record Juna 27. ' Chevrolet Motor Company, regular quarterly ?o3rdP Ju "lV. Paybl8 AUBU8t X ,0 "lock of Champion Copper Company, I8.40 a ili.r. Tha previous dividend waa the aame. United Oaa and Electrlo Corporation, reeu. lar quarterly of IK per cent on the flrat pre Sun "1 t"Wo Juna 2 to holdera of record United Oaa and Electrlo CompAy, regular aemlannual of 214 per cent on the preferred .lock, payable July 15 to atock of record jine Cardenaa-Amerlcan Sugar Company, regular quarterly of Hi per cent on the preferred atock payable July 2 to atock of record June "5 ' weatlnghouae Airbrake Company, quarterly of $1.73 a ahare. payable July 21 to holdera of record July 3 Thla la the aame amount al waa declared three montha ago, when tha rata waa reduced from 2 a ahare quarterly Oaage and Oklahoma Oil Company, remlur quarterly of 2 per cent, payable July 10 tn holdera of record June 20. Y Iu t0 Weat Penn Power Company, regular quarterly 1 AugSVt ?"' 0" thB preter" ocV"aVX Mobile and Ohio Ballroad Company uaual annual of 4 Per cent, payable July i tohoiai of record June 22. iora York Itallwaya Company, regular quarterly of 1H per cent on the preferred atock oavahu July 30 aa realatered July 20. "",c''' Payable Virginia. Hallway and Power Companv A .. ref.nf..0cnr,dh JuP.ryef.r"d '' """" SS& &1S Central llllnol Publlo 8ervfoe Company, ream, lar quarterly 114 per cent on Preferred a toK payable July 10 to Hock of record Juni la, Tennessee Steel Company- Sold CHATTANOOGA, Tenn., June 23 The Chattanooga Steel Company Is under con tract to be sold to the Allegheny Steel Company, of Breckenrldge, Pa., tt Is an noanced. The exact terms of the deal are not to be finally fixed until next Tuesday when the Chattanooga Railway, and Light Company will make Its definite statement regarding the terras originally made with the .Chattanooga Steel Company to deliver power to the pornpany. It li understood that. th. deal, IotoIvm awpBiwYttlir Low. 5 28 81 02 sy. 48W 101 70 Close. 28 81 02 03 V 60 Hi 101 1 77 1 Illgh. Alaska Gold M... ayt Allls-ChalmerajCo, 28 do pref 81 Am Agr Chcm ... 02 Am Beet Sugar.. 01 Am Can 50 do pref lot Am Car &. Fdry Co 77 do pref ua 110 110 Am Hide & Lea.. 14154 14 14 Am Linseed 24 do pref ........ coi Am Locomotlvo .. 74 Am Malt 12 do pref oou. Am .Smelting . . . .100 Am Sum Tob Co. . 30 Am Steel Fdy .... 72 Am Sugar 12114 120 1201 Am Tel & Tel ....122 122 122 Am Wool 04 64 Al Am Zinc & Lead.. 30 Anaconda st Atchison 101 do pref ootj, Atlan Glf & W I. .113 do pref oo Bald Loco 72 Beth Steel B ....14201 Burns Bros 101 101 Butte & Sup Cop.. 42 43 Central Lthr 07 03 Chesa & Ohio 01 0014 Sales in Philadelphia High. 13 24 oor. 71 11 03 108 31 71 30 82 Kit 110 111 00 00 lit 21 00 74 2 12 00 1 108 1 33 l,i 72 1 Chi M & St P pref.110 110 110 30 83 101 00 113 00 72 0 142 1 101 42 1 07 1 1 Chill Copper Chlno Con Cop.. Col Fuel & Iron. Col Gas & Eleo. Cont Can Corn Products 21 21 21 80 60 60 63 53 83 40 30 40 101 08 101 3 33 32 32 do prof "..106 103 105 Cruclblo Steel ... 81 83 81 1 Cuba Cano Sugar 43 43 Del & Hudson ....113 113 Denver & R G pref 18 15 Domo Mines .... lt Distillers Sccur. . 21 20 so 20 37 10 Low. 116 67 20 60 63 20 20 70 00 4 0 78 Net chge. 3 Cloae. 115 70 20 60 53 20 20 70 2 07 4 fl H 78 V 10 Am Gas , ,11 120 Bald Loco. 70 100 Lk Sup Cor 20 4 Leh Val.. 00 80 Penna R R 83 60 Phlla Elec. 20 470 PRT tr cfs 20 2 Phlla Trao 70 11 Reading 07 1120 Ton Bel... 4 00 Ton Mln.. 0 n tin n Imn. 787i ut tr siui I9nu 128IU 130 4-2 217 War I & S 0 0 0 10 York Ry pf 3714 SIVi "'i Total aalee, 8383 ahare", -mP"IfA,I,,,!,A0Jl. alinrea laat Saturdayi tills week, 07,208 abareal l;it eek, n,37 eliare. BONDS . , Net High. Low. Cloae. chge. 83000 Elec & Peo Tr 4s .. 78 78 78 1 6000 ProvL&T ctfs Phlla Co 1st 6s,100 100 100 8000 Penna Co temp ctfs 44 05 03 05 2000 Phlla Eleo 1st 4s... 83 83 83 7700 do lBt 6S.101 100 100 Total sales, 822.700. compared with 833.160 lnt fnturtlaji thla week, 8202,0001 last week, (273,300. Local Bid and Asked Am Stores ........... 8 'Hi llrlll, J 0 27 uurr & suaq 10 00 Today Bid. Aak. Yeaterday 1110. ASK. Erie do lRt pr do 2d pr . . . . Ellfhorn Fuel . Gen Elec Co . . General Motors Gt Northern pf. Gt North Oro subs 33 Greono Cnn Copper 4 ltd 11 23 20 38 20 37 100 110 118 110 107 10714 107 3214 33 40 41 43 113 16 11 23 20 31) 20 37 100 Gulf Stato Steel.. 130 128 130 Illinois Central .. .10.1 103 10.1 Int Agrlcul pref.. 82 Inspiration Copper 04 Interbor-Cons C pf 60 Int Mer Mnrlne. .. 28 do pref 83 Inter Paper 30 Int Nickel 40 Kennecott Cop Lack Steel Max Motor Mex Petrol Miami Con Cpr. . M S P & S St M. Mldvalo Steel Mo Knn & Tex. .. Mo Pao w 1 Nat Con & Cablo. 45 00 50 07 41 105 03 0 30 30 61 03 60 2714 82 30 30 43 00 80 07 41 105 02 0 21) 35 40 23 22 01 38 lot 62 01 60 7 14 1 3 1 1 1 2 83 30 40- 45 nor 60 07 1 41 1 1 . 31 . 01 . 63 .117 .100 . 77 . 63 . 08 . 28 : 07 . 3 . 01 o . 18 . 48 .103 . 27 00 103 03 no 81 40 23 22 03 38 101 133 131 4-2 01 01 1 28 77 . 10 31 04 63 117 4-1 4-1 4- 1814 70 10 33 01 83 117 100 K1014 70 54 08 28 00 01 01 1.3 17 47 55 08 28 4 07 4- 4- 4-1 14 102 If, 103 02 4- ', 01 4- in 1 18 4- 48 1 il 00 05 03 8 28 47 81 17 4-1 4-"i4 Nnt Enam A: Stpd 40 Nevada Con Cop. 23 New O Tex & Mex 23 Now York Cent.. 03 N Y N H & H 38 Northern Pacific. lot Ohio Gas 131 Owens Hot 01 Pacific Mall 28 Peo Gns & C 77 Pero Maiq ct.... 10 Pitts & West ... do pref Pitts Coal ctfs. . . do pref ctfs . . ntts Steel pref. . Pressed Steel Car Ry Steel Spring.. do pref Ray Con Copper. Reading Rep Iron & Steel., Royal Dutch . . . . Saxon Motors . . . St I, S F Sinclair Oil Savngo Arms . . . Shattuck Ariz... Sloss-Sheff S & I do pr 05 Southern Pacific. 04 So P Rico Sug rts 8 Southern R R. .. . 28 Superior Steel 17 Studebakcr 83 Tenn Cop & Chem 18 Texas Co 215 213 Tobacco Products. 50 88 Union Pacific ....137 137 United Clg Stores. 105 105 105'- 'United Fruit 134 131 131 Un Ry Inv pref.. 15 15 15 USC I P & P.... 21 21 21 if, U S Ind Alcohol.. .100 103 100 iyH V S Rubber .... 01 01 oi ,,,, U S Sni & Ref .. 01 01 0ly do pref 61 51 61 U 8 Steel 130 128 130 4-21.4 do pref 117 117'117 4- Utah Copper ....112 111 111 Utah Sec Corp . . 10 10 19 Va-Car Chm pref.110 110 llot-i 4-1 wauasn 12 12 do pref A .... 60 West Maryland .. 21 Wcstlnghouso Mfg. 62 Woolworth 137 Wheel & L E 15 Willys Overland . . 35 Wilson Co 73 do pref 105 105 103 4- Ex dividend Hank of North America, 14. Totnt sales, 317,100 kliarrt, romnareil with 2J3.8IW aliaren last Saturday, tl,l, week. 4J)30 500 hhurem last week, is, 111, too aliarr. 27 00 03 04 4- 8 4- 28 47 81 18 14 21514 2. 511 137 4- 4-3 12 49 60 14 21 21 53 52 4. 127 127 1 15 15 35 33 4 !(, 73 73 New York Bond Sales 2000 Adams Express 4a. looo Amer Agr cv 6a... lortllii do deb 5s C0M00 Anglo-Krenth 6a... 4UOII Am Foreign Sec 5a 1250(1 Amer Tel 5a IIIOO . rin rlt j 11000 Amer Writ Taper 3s Hlah. Low. . 71 74 .1004 KlOH ii'u 1011 113 1HT4 asii K7 hh'i . . . V 1 . .. ll'JVi ...loo .. no 4000 Atlan Charleston 5a i7Vj "U'"l Illlll CK UM)U U, l',-4 SOCIO do 4s hjsj loon do cv 4V4a mi 170110 Brook It T 5s 1018.. 1)0 t.uuii , un wavi us ji'-i..,. lit juimi 1 anaaa uoutn fta..., 3'mmi lent mat Tel ns.. 11000 (Vnt leather lat 5a. 16000 Chea & Ohio conv 5a. hsS 200(1 Chi B & Q Joint 4a... no 110(1(1 do reg 4a !I3 omiii uni T.111 & Ht 1' cv 6a. 40110 do 4Ha 6000 Chi B 1 & P rfd 4s. . . 030M0 do 5a one ata 2000 Chi Bwy 6s 1000 Cont Can Co 1050a... 200O Cumb Tel 6a Soooii Corn Prod 0a 11131... 30000 French Bep 5V4 a 4(ni(i iien Kiec na. 1O0O Bud & Man In 5a.. 13 uiiud 111 steel aeD44B ... 2000 Interb Met 4Ha .., C.000 Interb 11 T ref 6a . 2000 .Inter Mer Mar 0a . . . 2000 I.ex & E 5a 1000 Lacka Steel 6a 1023. 1000 Laclede Oaa lat 5a. 500 Long Island Sa 1037 tiiiH 01)1,1 73U 02S lis DOS 0H Ml 102 l.i'.i 874 113 '1 034 0114 00 084 001, in 114 S IIN"i 87 J SK 1174 117 e.3 Ml 004 118 1104 11104 linja ti4 no n.i'i no H 00 70i 724 H2 ns. 0114 1I8I lISTj 102 134 874 1134 034 01h till 084 OOlJ 7S 074 1174 83, Close 74 1004 100 034 044 IIN4 87I NN 117' 07' 80 I'H'.i UN 004 losv! 094 8S4 on or,i WH no 70i 73 '2 02i os2 nii'i us i 9811 102 134 874 034 034 01K. 00 084 00 H IK .328130 Liberty 11 wl 3a 100 1-50 100 100 1-85 " 05 704 71114 804 8(IVi 1004 1004 1034 1054 084 UR 101 101 45 45 55 B pni OOJi 05 uo JOOJi 101 1004 100'i 1014 1014 73V4 73 vu 3000 Lyons fia 05 2000 Mo Pao 4a 704 liooo Nor Pow Statea 6s. . 804 1000 Not Tube 5a 1004 7000 N C & II 0a 1034 1000 N Y City 34 a Nv 1054 'K24 2000 N Y City 44 a 1900.. 084 15000 do 44 a IOCS 101 2000 NO T & M 5a 45 1000 N Y Bwy 4a 85 8000 Pacific Tel 6a .,..,.... 0114 7000 Penna gen ct 44 a 03 1SO00 do en 44 a lm 10000 Plttaburgh Stl 1020a.. 1004 lonu liwy mi unga o 1021,101! 10000 St L & B F a)t 0J ... 731 2(100 South Pac cv 5a,, oyuu ao ria aa 1000 South Bwy gen 4. 1000 Texas Co 6a 5000 UHSlRli.. 0000 U S Bubber 6a. 804 2O0O u H Bieel a V 5a, ,..1044 iOOO Utah P & L Ea 1000 Union Pao lat 4a..,,, 2000 do cv 4a ,.,,,..... 2000 do reg 4a lOOOO Tin Bwye 8 F 4a 0000 U K of, U 11 A I Ea.. 23000 do 54 a 1018 SOOO do 64a 1010 ...... lOOOO do 54a new 1010 ,. 27000 do 54a 102I . ... 10000 West Union 44 ,, sooo wt Union 6 2000 WUcon Cent gen 4a. , . 81 !4 01 103 103 804 . 1014 1 , UO 8 88tt ' . . v I 84 844 074 97 094 004 0 004 034 03 112 ft!! 074 83 7 13 fSffJFiWuffl do nref Baldwin Blectrlo Storaga General Asphalt do pref Kestono Telephone .. do pref Lako Superior Corp... Lehigh Navigation ... l.ehlsh Valley LehlKh Valley Tr do prof Pennsylvania Phlla Electrlo Phlla Company do 6 per cent pref. do tl per cent pref. Phlla Bap Tran t c. .. Beading Tonopan Belmont Tonopah Mining Union Traction United Has Imnvt. . . . United Stntea Steel... York Hallway t 40 724 (104 20 60 13 "'-., 10'i 77 034 42 63 20li 31 82 89 294 07.. 20 67 61 724 02 ' til 134 (18 20 78 lifl 224 d 80 314 35 204 II 7 1,1 30 27 65 40 074 o4 -u 8U4 20 67 6l., 07 02 a 44 4lJt 42'i 78J, '" 1304 130H 14 3K 3i 60 01 1SU 134 02 08 BO 204 77 78 05 054 22 . 224 42 424 63 534 204 80 34 314 32 .15 30 40 204 204 004 0S . 4 4tfi 424 784 78. 1284 1284 8B4 374 83 814 MAmnrr OPERATIONS ARE WITHOUT INTEREST ON THE LOCAL EXCHAN( Stocks Hold Firm in Quiet Session-Rapid Transit Certif cates Up a Little .look ior iniiereaung Developments in Bonds Operations In the stock market In this city In the two-hour session today were decidedly uninteresting. The market was even quieter than It usually Is on satur days, and as an Illustration of the dullness there were only eight different stocks and three bonds, which appeared on the tape up to the end of the first hour. While lb. market was dull It neverthe less Bho.ved a very firm tone. Many of we stocks which changed hands In the two hours of business did so at unchanged I-rlces as compared with the final figures of last night. Philadelphia Rapid Transit trust certificates gained a fraction. The majority of the trading in this Issue was In odd lots. A small gain was also re corded In United Gas Improvement. United States Steel common, usually the most active thing on the list here, did not show much activity In the short sem DUt at tnor. 11 was up a little. It i,ri Tonopah Belmont that the largest total ' trflnsnrtlnna wan marked m .u . rM In that stock being a little rhori I 1100 shares by the end of th i-i ." Of tho total transactions 900 slim-.. ?r" out In a block. The price was unchae.5 The financial district is lookln-r flJ to some Interesting develonmem. ,' " bond market In tho next few days, tv develonments will Include. h ,-.,. short term notes amounting to ht" tlOOAlVonO nnrl SIR ftftn nnn ... .. ue5'l v--.---.-- . -- ,-ww,vvv uy xna Baal moro and Ohio Railroad, and It Is tXr fi ma. oiner oucrings 01 a similar charJ oulll Via mflrlA Ttnnrl me l-i. .,-l,l cess of tho Liberty Loan as creatlnr" largo ucKrco oi connaence In th. v- market. " MH" COTTON SOARS AGAIN TO NEW HIGH GROUND Contracts Exceptionally Scarce. Close Irregular, With March Lower After Big Gain WTn Oramir t c 2 bi CORN PRICES ADVANCE AS DEMAND EXPANDS Stability of Position of Cash Article Is a Feature Wheat Pit Is Lifeless RRAIN BELT WEATHER FOBECAST CHICAGO, June 23. The weather forecast for the nett 30 hours follows: llllnoln, .Mlsourl and Wisconsin Unaettled, ullli slionrr tonlghti .Sunday generally fair and warmer. Minnesota, North nnd 8011th Dakota Gen erally fair tonight ami Sunday, warmer. Nebr1iKl.11 unil Kunsas (lenemlly fair to night and Muuluy, cooler. CHICAGO, June 23. The demand for corn continued good to day nnd prices w.re firmer. The stability of tho position of the cash artlclo was the feature. Weather conditions were favorable. Juiy opened at J1.5C4 to $1.66, against ?l.C5'i at the end yesterday. September started at $l.t8',i to $1.48, compared with $1.404, yesterday's last price, and De cember at $l.lli to $1.11, contrasted with $1.10, the final quotation of yes terday. Purchases by foreigners In the last twenty-four hours were estimated at 500, 000 bushels. Receipts here today were 137 earn. Tho market ut Llvcrpol was firm. In quiry from tho continent Is urgent. The wheat pit was lifeless, but Septem ber was firm, opening lc higher at $1.85, nnd later ttuchlng $1.00. Prices for the cash artlclo were Irregular, with a wide difference between the old and the new crops, Tho market nt Liverpool was steadier. Arrivals for tho week in the United King dom show a decrease, but the quantity afloat is larger. Tho receipts at Minneapolis and Duluth today were 200 cars against 3S3 cars last year; at Winnipeg, 610 cars, compared with 512 cars; at Chicago, 12 cars, contrasted with 4 I cars. Oats wcro firmer, with covering In evi dence, July opened at 634 to 6314c, against 03 38c at the end yesterday; September at 5374 to 53'4c, compared with 53c at the close yesterday, and December started 3e higher at 5594c. Tho market at Liverpool was steady. Receipts hero today were 162 cars. Leading futures ranged na followa: wncat- Open. High. July.. 2.1(1 2.10 Sept.. 1.8.1 1.00 Corn (new delivery) July.. i.fitivi l.Iifi'i tcpt. 1.48',4 Doo.. 1.114 May. . 1.124 Oats July.. 03i Sept.. 51 Dec... 034 Lard July.. 21.73 Sept.. 21.02 Bibs July.. 21.00 Se-i 22.03 Pork Juiy.. 30.03 ,40.10 Sept.. 40.20 40.33 1.484 1.12 1.124 04 64 65T4 21.75 21.02 21.-5 22.05 Bid. tABked. Yes. Low. Close. close. 2.10 12.14 t2.10 1.83 1.87 1.84 1.554 1.554 1.554 1.404 1.474 1.47 1.1114 1.10't 1.104 1.114 1.114 1.11 024 034 034 53 634 634 544 544 634 21.37 21.67 21.05 21.80 21.80 t21.00 21.77 21.80 21.88 21.82 21.87 t21.03 30.0.1 tlO.OO 30.80 40.00 40.07 N0.10 MONEY-LENDING RATES rjIILAI)ni.PIIIA Call. 5 per cent. Tlm&, 55?4 per cent. Commercial paper, three, to four months, 5 514 per cent. Reserve Banks' Discount Rates Boston New York Philadelphia . Cleveland .... Ulchmond Atlanta Chicago St. Loula Minneapolis . Kansas City... Dallas San Francisco Boston Hew York .. Philadelphia Cleveland . . Blchmond . . Atlanta .... Chicago St. Loula Minneapolis . Kaneaa .City Tlallaa Kan Francisco 10 or leaa . 3 Over 10 Over 30 up to 80 ip to 00 4 4 4 4 4 4 4 43 4 4 4 34 4 3 4 5 34 44 44 3 34 Agrlcul. r,..a- (in 6 34 . 6 34 44 341 . 5 . 34 . 44 34 , 4 34 . 5 34 . 44 S . 6 84 . 6 44 sJf . 64 84 Over 00 up to 00 4 4 . u p 1 4 44 Trade acceptances rv, it .A ar , . - . ...- 'v 10 uu modity 84 4 34 8 J4 8 -up iu im,,,' uaM, over ininy to alxty. 4 rjee cent! alxty io ninety. 44 per cents over ninety G per cent. """"' BANK CLEARINGS uEi' Bank clearlnga today compared with corre apondlng day last two yeara: " 1017. 1018. 1B1K Boston ....$34,027,808 SS3.n40.fltK 120 450(108 Philadelphia. 50,881.889 38.396 248 "? 80597 New York....6uO.Q10.315 431.715.B07 8ou'.60b'.0J7 FOREIGN EXCHANGE NEW YORK. June 23. The foreign ex change market this morning showed pro nounced strength In rubles and francs, both being substantially higher than the closing quotations of yesterday. Quotations were: Demand sterling 4.75 H. cables 4.76 7-16 sixty-day sterling bills were quoted at 4.70 and ninety-dV bills 4.69?i. Frano, checks 5.76, cables 6.74, Lire checks 7.40, cables 7,39. Swiss checks 4.90, cables 4.88. Guilder checks 41 VI, cables 415.16 Ruble checks 23.75, cables 23.85. Pesetas checks 23.30, cables 23.55, Stockholm checks 30. cables 30.40. Chrletlanla checks 29.10, cables 29 40 ' Copenhagen checks 28.75, cables 29.50. ' County Rejects Bond Bids BOSTON, June 23 -The county commls. sloners of Middlesex Cpunty, Massachusetts, have lefeoteal. all Wide to'ww: COTTON BELT WEATnuit CONDITIONS NE1V YORK, June 23. The following tem perature were recorded In the cotton belt this morning! Knoxvllle and Chattanooga, 68t Little Bock, Nnshtllle nnd Ttiomnetllle, 72; Oklahoma. City. Tort Smith, Vlckaburg, Sloblle, Meridian, Montgomery, Birmingham and Atlanta, 741 luiienc. nnrerenort, wan .Antonio, iiei nin ?ier Orleans, l'ensacola, Mncon, Savannah, talelgh, Wilmington and Jacksonville, 701 Memphis, Augusta and Tampa, 78 Corpus Chrlstl, Gaheiton and Charleston, 80. There waa .01 Inch of precipitation nt Cor pus Chrtstl. NEW YORK, June 23. In the early dealing cotton prices ad vanced into new high ground today, March selling at 27.10c, or 10 points over tho pre vious record. Thero was a pronounced scarcity of contracts and weather and crop news Is nlmost unanimously bullish for tho market, so that only a comparatively moderato demand was necessary to ad vance prices. The buying right nt the start was quite Insistent, and there was only a little cotton for sale. This resulted In an opening ad vance of 24 to 37 points, March starting at 26.84o and advancing to 27.10c within ten minutes, Later In tho day Irregularity developed and at tho close March was 24 points lower, while other months showed 66 to 61 points. Wall street, room traders and spot houses wore good buyers, while Liverpool nnd New Orleans Interests sold. Commis sion houses had orders on both Ides. Molsturo Is needed In the Southwest and other growing sections, but thero were prospects of rain over Sunday and this was ono of the main Influences contributing to the upturn. Tho Chronicle estimates the world"s visible supply of cotton nt 3.417.095 bales, against 4,021,991 bales a year ago. The total American supply Is 2,168,095 bales, contrasted with 2,083,091 bales last year. Test, close. Open. High. Low. Last. October 20.05 20.50 20.75 20.28 20.60 December ....211.21 20.05 20 80 20.05 20.80 January 211.30 20.75 20.05 20.70 20.85 March 26.30 20.84 211.27 211.12 26.12 Jfay 20.05 20.82 20.33 20.08 Spot 25.70 23.70 Cotton Statistics NEW TOBK. June 23. Tha statistical posi tion of cotton Is aa follows: Total visible sup- .Ply-;v .. ,. 3,447,005 3,527,220 4.021,091 Of which Ameri can 2,108.095 2.257,220 2,683,091 Total in a I e h t Juna 22 12,273,333 12.127,302 11.037.204 Cotton uuycrs and Sellers NEW YORK, June 23. July GIfford, Cardoza, Freeman nnd Mitchell bought; Munds, waters and McEnany sold. October GIfford, Russell, McEnany, Mc Fndden, Freeman. Burnett and Newman bought; Downs, Hyman, Cardoza, Ranger and Kelffer sold. December Rlordan, McFadden, Russell and Allen bought; Hentz, Stclnbacher, Rountree, Cuppy and Allen sold. January Abraham, Martin. Schill and Brooks bought; Fllnn and W. Gumoens sold March Guild bought ; VanVIIet sold. May Newman bought ; VanVIIet sold. NEW YORK BANK STATEMENT Sharp Decline in Net Demand Deposits, Running Above $150,000,000 NEW YORK, Juno 23 By far the most Interesting thing In tho New York bank statement this week was the heavy de crease In the net demand deposit Item, both average and actual. The actual de posits fell off $157,863,000 while tho average declined $133,676,000. This large decline can bo accounted for in largo measure by the campaign conducted by the Red Cross for funds. Actual loans declined while tho average gained. Surplus was smaller In both statements. Details follow: ACTUAL n.oon.nnn J205.lll.000 Loans 8.7(10.10,000 Aet demand deposits. t3.400.200.noo ri-..r. ' .!"-?'"'" -,,..u,,iiuii Beaerve own vaulta. . Beaerve. Federal banks Beaerve, other de- poaltarles Aggregate reserve... Beserve required burnlua Decrease. 154,830,000 157.803.000 1.171,000 20.000 82,580,000 277,301,000 12,387.000 , 172,000 40,371,000 28.147.jn 12.223.520 60.451.000 028,803,000 687,033,770 41.R!7 'n tUnl.ted Statea deposits deducted $128007,000, iOf which, J233.744. 000 la specie. 0'""''uuu' AVEBAOB Loans ....... 8.813.011.000 12,330.000 Net demand deposit. .t3.430.50B.000 133,078.000 Net tlmo depoafta 107,218,000 6 444 000 Beaerve own vaulta... 1808,801.000 83 118000 a-?.u,,0"V.-,:::r-A-.- .e.oou lalooo 560,800.000 18.877.000 50.020.000 2,329,000 020,780,000 3(1,570,000 803.078.030 23.175 870 ao.7U7.050 13.304.130 serve Banka. . Beaerve other deposl tarlea Aggregate reserve Beaerve required Surplus .."!"."".""' tUnlted Statea deposit deducted J131.332.000. IOf which 261,460,000 la Bpecle? OUTSIDE BANKS STATEMENT State banka. Decrease Loans investments. $134,578,000 $10,535,700 Gold ................ 42.370.400 4,623 200 Currency bank notea Jo,538,50O 71 700 Deposit ........... 640.020.800 20.148!30O Beaerve on deposit. . 102.710.800 3 508 500 -. - - - - . v, ...o ucr cent. changed. Trust companlea, Loana lnveaimenta. . . Gold Currency bank bllla. . Deposit Beaerve on depoalta. Percentage ot reaervs 1. 880.314,100 142,001,200 15,480.700 2,135.013.400 833.823,000 10.4 un- 18,067,100 15,804,100 .. '84.000 04,9211,300 S5.0U3.100 STATE BANKS AND TBUST COMPATJtPQ NOT BEPOBTINO TO CLEARING 1 HOUSE Loana Inveatmenta. . $281,034,600 IhlO" 40(1 Currency bank notea. 10,701.100 Total depoalta 1,008,015.100 Net depoalta 887,250.600 Beaerve, on depoalta. 180,384,000 Percentage ot reaerva 24 Increaae. 2.333,400 ZO.IIOO 25.208.000 0.120,600 15.870,000 RAILROAD EARNINGS CHICAGO, BOCK ISLAND AND PACIFIC Tear ended Dec. 31 1916. in- Total operating revenue. $80,880,120 $9.580770 Operatlnl Income 21.002.842 7 svNs? Total Income 23.428 884 t'mo'A"! surplua '8.078 180 R 3i '? fcoulvalent to 110.84 . "u... 'i"iMT $74,482,622 capital atock outata SOUTHEBN PACIFIC .-.?Jr arnft(S on -,.j,a. 1ft, 1 May groaa 110.410.iil4 Net 6.001,768 Five montha' groaa,,,., 74,000,715 Net , 22.861,053 Increase. $3,520,070 1.807.055 S,25,'1'W ",239.705 GOVERNMENT BONDS' registered. 1S30 2a. eouoon. 1030 8a. registered. 1918 aa, coupon, .,,,,,,, Bid. Aaked. lEiEij J.VIJ1JJN TALK M 6F PRICE PIXINGi tuuB,wu" uuvciuiuunt 'Jrderi Molds up Trade Refuse Legitimate Contracts j NEW TORK. June St",' ine oniy topic or discussion In tha it, iraae is tno controversy between Govei ment representatives over the prices to paid for steel. Thero aro many steel ct pany officials who tako the stand that mm, thing should bo done and done quickly T, this attitude there Is no mention mad w wnat price should be paid by the Govt: ment. A sln-nlflnnnl 4.t.. . il -- B.o.u.i.aiiL icuiuio ui ino opinions re: 1 crally heard Is tho belief by several ot tiJ Diggesi steel men m this country that! wooden ships should bo constructed at imJ time, to be replaced later with steel vej-1 sels, In order that the production pf tteojJ can bo diverted to other sources of em3 umpuon wnero it is most needed, This does not necessarily mean that steal men afe advocating any high price for thai sieei. wnat iney uo mean is that the EtipJ Bteel capacity could be put to other use fori war materials, this would not bring sjijl uuuer price man ine snip steel, but WOUM put the steel Industry In a position whet tnoso who direct affairs would know whal to do and when to do It. The consensus of opinion among the steel men can best bo expressed In the words on ono wno is a leaaing autnority in us country. In a talk with5the writer he said;! "It doesn't matter whether wo get twol cents or five cents per pound, what wal would like Is to havo the uncertainty rs-1 lleved so wo could nrrango our affairs to conform with what tho Government want,l regardless of price. "Just now we are compelled to refuse legltl. mate orders, tho filling of some of which 111 as necessary for tho successful prosecution! of the war as munitions actually are. But no ono knows what to do. The Govern ment must bo given preference In deliveries and until we know what Is demanded on us wo are up In the nlr." Government buying has been on a Ian scale recently, according to tho best author.! ltles In tho trade, and In connection wltt the various Government orders for flnlshdj products It Is stated that approximate!) 200,000 tons of steel will bo required. Bui those having the orders from the GovernJ ment have not been notified whether thtfl should buy direct from the steel producer! or wait for Instructions from Washington. The various branches of tho steel lndustrrl during the last week havo continued thelil strong tone, although business Is smaller! than It has been. Nevertheless, there han been still further advances tn prices all along the line. In pig Iron and old mate-j rials somo good upturns have been recorded,! but activity In both lines has dlmlnlshe somewhat. However, so far as pig Iron I concerned, the producers nr' well booke and are notlooklng for customers. Attempts by the American Steel and WTrai Company to hold tho market In check nan failed, as Independent wlro manufacturen havo put up their prices very materlallr and are still booking orders The Ieadln Interest Is not taking all the business goIn the rounds, as officials aro expecting de-1 mands from the Government The makct for structural material Is dull,! and the same might bo said of steel rallil In both branches, however, tho makers art j booked beyond comfort and a lull Is wel comed. In some products thero are Inqui ries for good round tonnage, but no anxiety! Is' noted on tho part of steel companies to! take tho business. , CLEARINGS CONTINUE HEAVY non. 1018 4s, regUtared. lB.'a ....... ..J;;; 4a, coupon. 1025 ..,, ... 8s, registered. 1910 , aa, coupon, vto "'...,. fill VanamX 2a. realatarad. ldlttl '" Si 163 Total This Week 40.3 Per. Cent. Over; a Year Ako Clearings continue largo throughout tni country. Tho total for tho week ended ta-l day was $6 243,510.009, as compared wltlki $6,508,983,625 last week ..ml $4.450.ISO,SS the corresponding week of last year. Tnl Increase this week over the same week 1 year was 40.3 per cent. Details follow: 1017 1916 I New York. $3,000,521,041 $2,193,701 Chicago ... 403,005,570 320.050, rniiaaeipnia 288,071,183 Boston 201.701,833 Kaas City 114,004,870 fit. Louis . . 111,210.072 San J'lanclsco 84,030.202 Pittsburgh.. 09.145,031 Detroit .... 60,301.1711 Baltimore... 30,402.303 New Orleans 37,853,347 T"! IMVatn IHaai 5 day ...$4,403,340,804 $3,280,870,080 $M uiner cities . i 5 daya... 075,410,371 470,208,004 4UI Total all cltlea " 1 . 5 daya... $5,138,763,175 $3,757,078,081 -t-'U1 All r!tle J 1 day ... 1,101,740.834 693,103,002 W-II 181 171 212.530.804 00,055,000 ,3,004, 3UI 40.408,000 71. 60,030,407 43,707,00" 32.545,037 4-ll 1.323,410 7.l Total all elltna f for week. $0,243,510,009 $1,450,180,080 " RED CROSS DIVIDENDS BOSTON, June 23. Directors of the Mefj chants National Bank, of Boston, have if, clared a Red Cross dividend ot 1 per cent, payable June 26 to stock of record June 1?. NEW YORK. June 23. United Verd Extension Mining Company has declared the regular quarterly dividend of fifty cenl a share, an extra dividend of twenty-!" cents and a Red Cross dividend of ten cenl a share, all payablo August 1 to stock oJ icturu juiy iu. NEW YORK COFFEE MARKET NEW YORK. Juna 23 Tha coffee ket opened quiet today with the undj tone neavy, first prices showing declines to 7 points. Sales on the call were Daps. September., October.... May Open. .. 7.78 .. 7.72 .. 7,77 .. 7'00 .. 8.60 High. 7.73 7.78 7.07 8.00 Low. .7,71 7.88 7.03 8.03 Tll C0H 7.73 i'M 8.03 ' LOCAL MINING STOCKS TONOIJAH STOCKS MacNamara Midway ....""I""!!!':""!"':! Mlipah Extension ."..."..'"""" Montana ....,,.,.,";.,!..',, North Star ..;.'.'.., Beacu Eui ..'I...:':':::'::'. Bid, .20 .12 .to .20 .10 .23 QOLDFIELD STOCKS nine Tlnll . . At uooth ,.:.;::::; :::::,.t::,:::::o i nomination Fraction .... . ,04 Diamondrrald B B ...... .! ' 2 Daley ,. ,, .' .. . 2 Qro ,..,., , ,03 Band Ken , . .03 8tlver Pick ' 10 . MISCELLANEOUS j&X& ';"" V" . 4 rMM tVtafWKM, !,,,. Hi ' ? .m:- aiMfMMMgi . --l..' i, - .a I - '. ' - -Via"lt i i,efi,-i'a - J,
Significant historical Pennsylvania newspapers