- 1 t r I-' R l ar v f x.. r ft y s TAX FREE ISSUES. UNITED STATES LIBERTY LOAN 3.S CITY OF PHILADELPHIA 43 PHILADELPHIA AND nEADINO RAILWAY IMPROVEMENT 4S ) PHILADELPHIA ELECTRIC COMPANY FIRST MORTGAGE 58 HEILLY, TROCtC & CO. c;r:KCR3 :ie CHESTNUT ST. PHILADELPHIA EVENING LEDGER-BHllvADBLPHlA,' WEDNESDAY, JUKE 27, Ml. ' ' ' f I ' ' ' " 191T FINANCIAL NEWS STEEL COMMON LEADS TRADING ON THE PHILADELPHIA EXCHANGE Price Advances More Than Two Points in Forenoon. Movements of Quotations Throughout the , List Are Narrow Sjtics in Philadelphia L'nltM Ktntea Steel common was virtually the whole market In thla city today, lie KlnnliiB nt the oiieidnfr there was n -Rood demand fnr the Mocfi, willed tvnfc n direct rellcotlnn of the condition lining m Wall nufpi, wnere ine mocK. loo, una n trnnrr I III the trnillliir Thi f1matii1 t-fallllril In the liooailnc of the price more than 2 point over the cne of lal lilRhl The remainder of the market 1JI1I very little In all there were twelve etockii ami three bond which appeared on the tape In the forenoon. While the I'hniifc In prices. fnr the most part, were narrow, jet the, tnnjnrili' nf them wire on the fide of ad vance. A far as the home laiuci were concertie'd the tiadlik, h t lein wan milj In odd lot, and of Die tr.ol slncl.s Philadelphia Rapid T aii'lt tru irtlh3te- and l.ake Huperlor Viporatlon were the ni'iM acl.vo t that onlj I2ii oi the l. II T cer- tdlcatea i limited hpn-Jr In the forenoon, w ti imi ntre,- r- Sj rrr In Iho bond division Mbcrt.v l.nan bond were un-chatiRed ... Illah. tiw llifi Crucible St aim rj SAO Krle . . 31 ! II tnn Co N A ! Jfl 110 I.k Sup C JO 30 10 Leh Nav 11 n lo I.eh Valley (a in 43 Mlnehlll Afl4 AflVi 20 Mldvale l (We lti Tenna It It S.1H A3H a I'hlln Co 3i .lay, 300 PUT tr cfs !', sni A Ton Bel 4H t Ua L"n O Imp ikx lay, 019.1 U 8 Steel 135 laor, 33 WrMiach. 43 43 2 Vorlt Ily pf 37 37 r. dividend. nn.Mis Net 2 P.M. rhe. AIM ! 37 M. 3 30 7714 Vt 4- '-. 1 0(1, U MIS Attn .WW -M 1 4 SUM V4 B',4. 4K 78T 131 ti 13 37 4 Mi tfc l'Ki H I COTTON AT HIGHEST FIGURE SJNCE 1873 Market Is Firm and Active, With Further Trade Buying Out side Demand Small I OTTON IIF.LT MKATIlr.U CONDITIONS NEW vnnK, June 37. Krent for acat lereil nhnnern In lieomlii and Alahamai Ine ueather mnn thin mornlnr ..hexed llrtnally nn nrtriplfnt on In the rotten hell. ' ..hi ii'iiui irn iff mi iiiiiun vif. . . Tlr, foLoulnic Irmitfratnrt ?rf rrronlMl llfl KlOt il rn Tax Free in Pennsylvania oiyn and otei ' City of Philadelphia 1M and 4i, various maturltiet Lohigll Valley It. R. General ') due May. 3001 Lehigh & Wilkct Gnrre Coal Conjelidated 4s, d. June. I92S Metropolitan Electric of Ri-arlinj Tint 5. due Apr!. 1938 Pennsylvania R. R. Contolidit-'d Ss due September, 1919 PenntyKania R. R. Frelcht Equipment 4, due June. 1920 Pennsylvania R. R. Fr't Equip't 4,i, ue Apr.. I919-22-JJ Phila., Baltimore & Waahinston Firal 4 due Nov-ne? 1943 Philadelphia & Radinrj Coniolldated 4 due rienh 11)7 Philadelphia & Readinc Improvement 4 Hue April. 1947 Pitta.. Vnunti'oivn & Aahtabula General '.s. -lie Jj:ne. 1948 West Pern Power First St. due Varch ;45 Yialdin 3 5 to 5.20 1 Details un Application. The National City Company 1421 Chestnut St., Philadelphia New orV Bolton tllCdgli -i'' I- amico PittsLni Rh Wc Own and Offer SHORT TERM SECURITIES -f EUctccKfui iul Hi- utility companies Commonwealth Pr., Ry. & Lt. Co. i'onertlble 0' due .May , 1D18 Grand Rapida Railway Co. .'ir t s i' it. June l, 1313 Michigan Railwny Company I"trt l.le-i S. ilue .lime 1, MI9 Tnnati;e Ry., Ll. & Pr. Co. Siccuied ,'i ilue June 1, 1D18 The E. St. Lonia & Suburban Co. I'omerllhle rm due June 1. 1913 Trices to j PIi from 5 to over G. I'.rcularu on application n.Mii:i;s .r.atakl ahM 115371 321 Chestnut St. Philadelphia l I AUTOMOBILE BANKERS i.nff a-iit.oinl racilitiea fur In citldunls "i autoniohile deal. r to finance thn acquirement of pleamre (.am, lor huslne nourea to flnance the acquire ment or commercial cara or trucka If ou are thinking of rurchaslnR n car of any llni FTSTl.M will make a better ( bus'ne trnniactlnn for you. EAL ESTATE TRUST DUILDmq PHILADELPHIA One Billion Dollars Will Probably Be Spent In Battle Planes WILLYS-OVERLAND Should Get Many of These Contracts Send for cur Specta! Lrller HUGHES & DIER Vtmbrrf irii a, riiiMtlphta S' Lhoi ttte o Board of Jlailt 1435 Walnut St. 115 Broadway PHILADELPHIA NEW YORK Woolworlh BIdg., Lancaater, P. Barnett Oil & Gas Co. V are prparlna; apeclal llluatrated book ahnnin prorertlea of this Com painr fitr' fre on requat lt'rlt or Uoohltt JM E. H. CLARKE Morton R. Alexander tnealdent Partner) rhooe 1119 Hpruc fitoek Eiebante Hide. Thlla.. r- T William St.. New York Newark N J Indlanapolla, Ind. THE HAVILANDRHSTRONG COMPANY STOCKS ,418 WALNUT ST. UIUUIU PHILADELPHIA R H N PI .9 NW YORK -BOSTON "V V'tOLNTVXTH Ryu SPBAKlMtf ' ' CORN IS EASY AGAIN, BUT RALLIES A LITTLE Stability of Cash Article Offsets . Bearish Influences Wheat Pit Nearly Ignored ntt u nni.T ui;Tiii:it rrmKi.fT I (!!IV(.rt. dime . The (train belt fore , ip t fnr lite nrt tlilrt.-l hntir folio" hi I.'llnnl . Iieier.llh fiilr In Hie miiiIIi .mil un.ettled In the nirlh tonlnht mul Ihir'iHi. 'lUonrl nild 1 Urnnln t n.r't'eil tynlll't ri' 'lht'r.tln. ullh nrolmhle ttiniulerhnnrrt itni"ituit iiurtnrr li .out ni'l irnlril n Hi. ' Innliht. 'Iiveit.! ind lomi t n ett'ed tenulitt tl'"r.l!i Pi'rt'i rlo-'ili nrd l ni-r. 'r. in' ert'i Unroll ni'l Uioinhu l'tirt;i ilntid trintalit and 'lhurotla.il nnt mm li 1 -mi H leniiffrotiire. , vt Selirlkl mill liinn(ienrr.lll lniM, In; nlklif 11ml Tin --iiji t Miirnter In eot anil in rlheit-toillilit IIMWISU .lime .; t'oin aa ea?,v thl niorilns, hut It rallied n little from the lnet Sentiment Man ilildd n-llh Important Interesla on both iidca of the market. The nucitlon uf eon li"ii"d evinrtu ta neuttal countrle and the lav .rnhle outlneh for the 'crop were hearlh Intlucnrea, but were nflet to pome extent li Jhe tnblllt nt the cash article .lul.i ranceil fiont $t St'j to JI..M at the futiet. aRalnit $1 5t',. -yesterday'a last 1 tire. Scitcinhr nas quoted at $1 l.'i'a to ' !." nt the itaii. I'otnnared with $1 15 nt the oiul ;eMrnlH. and llcccmhei at ! nT, In Jl 7. contrasted with $1 07 i. etpllla' flnnl iUi)Ial'on I The irieln'a here tnla were 2l!i iar. I The market at Lhermnl eteadv. but fi hulllph fellnB that linn been miinl ! t i e fnr pirn' tlm uri 'e? i: mnuncd I The wheat pit wis nearly Ignored again. ' nerdlnc dveiriinenti at Washinston Jul ' ."nvl I 1 -.ill lnwei at $5 08. and Sptcin ! I.. r -tnrtd at Jl Rl lo II. SS. aRalnt $1 8 I .it Ihe end jestcid.! Til" mnikrt al l.leilon nan dull and 1.1 lei with burr ImlilliiR off Hei-epts nt Mlnneapnllj and Puliith to. di weie 12S cnt. HRnluiU tl."! cara last Mr. nt Wlunlpea; luj cira. rnnpared with ti 1.1 I'.irs; nt I'lilcaRii forty.fhe cars, run li.nled with fltti -ill . cars ' Kavoiablo crop niMre made natp easier. ..ulv opened at J to fil'j 1 elite, aRaiiiPt - cents lit the end yepterda. Septem ber wn'i unchntiKed at S2" cents, nml le. c. mbei V, cent lowei at 55 cent. Ilecelptu bete tnda were 118 car" The market nt l.lerpool wns steady, with n better demand for spot PHILADELPHIA MARKETS GRAIN AND FLOUR l'; m t.tnii ih JMIIIAT nrr.pm r- t iiiin nnm 111 ..'Mns. '5,r"Pt. 'I il.'t hush The murket IJ "IS'"? ,'""" HiU oflerlnita. l,uim?radel a: Xv -'" 'i'"u;.'a1, ' t-7fl' : v i -."" ".""'' ' lotiilLne .No L' white '.'U'li Ken una r.tnii, , nil I.U77.iril II.. .n .like M'mnnd mi 11-hi mid Hi' mrki ilr r ' .,rW!"t:,', JSJi't. ''""tat ens follow . itr. stralnt n '! 1 1 J .. Knn.n rem. V-V It .'' ail' in. AMI .lour. llllT.-.ft III its".il o .morlf hnn.li rnoire mi turn i ni'iu. ' mar- Ulan l.on P,.t Jonn flty la Ki.ioni', nn',4 tt)iM4 linn Liberty Dond I Inn inn 100 Jnnn Phlla i;iec 1st S...mnH inoif, innii, Innon 1'n ltw3 t , c Is ... 13 1.HA 73',(, Innn do Im- 5s tin ak nn -r NEW YORK COFFKK MARKET Ni:W YOIIK. June L'7 The market for coffee futures opened fairly artle at a decline of I point to nn adxaiice of 2 points. Sales) on the call amounted to fi5no bacs. c.ittcred trade Interests taking the bujine ride. j Today's Open tun' . . . Julv .... Austin September urionr . . N'oieinb'r lieeember lerunry . f'ehruary Marrh . April M.iv 7.S.e7 41 7-.f..ifl7 1 7.'ii.J.fi7.7S 7.ig7 t 7'.li.i Vs. i:lope 7.4.147 44 7 4157 14 7 WW 7. .11 7 B06 7 HI 7 H4A7 HI 7 HsSfill'l 7.7'Jit7 73 7 7ll7 77 7 MI'S 7 SI 7 R4 4J7 Ml 7 Ml 'i 7 I") 7 !I1J 7 !3 !.' 7.1 tn'i .0, pnlen' TIM 3 i fff T.I 1 Yn ', HI "ll pold r. li. nuiiie to ;,n47 11 . ,, l the Ute derllpe, hid 1 to ouatlt . PROVISIONS k.i -f.uV'.'! 1 '" '. ' Jel'hina inquire and the mar- KM ruled ateadi Qi'.tntton. wr i-li. k.-i i fie. emokul and nir-dr .11 Sv -Vliirn h..V In sets ameked ,1V 1 hl,f' InucW.. .J ICnf"f ,m"le'l nd Hlr-drTed 3?" wjpl.rn nn. 1 1 w OJl.Ier. ,s lie-llle l li -. -j hi cii-i 11 IlrMi nniun lr,nefp )r, pcne VC'l lee 21r. do Ptnoked. 'HP' iir I:..,,.:V , "'".unn in average. lanl uratern rrHneo ;' "a ..If lard pure rllv. keltle no. do. do in tubs 23c REFINED SUGARS 'be market was . i.iiur lor extra ruri.,1 .l.. 'I" Un do. tubs render, d. In t,, " qulei hut ateady on a baala fine eranulited. DAIRY PRODUCTS l.e.idlnj fulures ranunl na followa. WhrHl- "nen lllcl tjl 2 ns ii nh PI 1 4 I 4 inn mew o:ieri 1 r.c, 1 IV, I 07 I H7S I12. Si!. m "als .lul iHopi Her l.anl .l'ji. 21 11 -'Pt . 21.31 hlbs ,!i. 2I H't Kepi 21. .Ill ("ork Jub . '.IK 31 ,!epl 38 .111 Hid t.Xaked 1 :.n I 17", 1 n; 1 iil IT, .13 21 31 21 Un l.o w. 2.01 1 I. .14 I 44S 1 111, 1.147'a MS .11 1, 21.12 21 30 12 3H P 1 2 111 I M 1 .1ii I I7'v I n', tl in T, M-, ,1j Yes . 1 line, I M I 4.1'a I H7 '1 OS. 21 30 21 .13 21.47 39 i.1 39 30 30 111 3D fin 21 In 21 31 21 in 21 11 .in.nn 3n.2U LONDON STOCK .MARKET Prices Arc Irregular, With Trnding Small Americans Quiet i.n.Miti.. june , AlthouRh the under lone of securities on the Stock nxchaiijre I'lintlnued Rood todaj on further successes b the Allied forces, adjustments made Hires Irregular. Business remained small The Rllt-edKed recllon was mixed. Real IrliiR caused n fresh decline In the 4 1- per eiit Hrltlsh loan. Money was wanted for l'.ilf j early balance sheets. Tho expenditure of the United Kingdom fi'i- the week urn til :7? oon and the teve. i-ue f-.3S0.nnn. nuftandlnc treasury bills pi-reascd (j.S.lj.onii, Indlcatliiir success for ale at the l2 per cent fixed b the ex chequer Little husliie" nas done In Americans and Canadians. Less favorable weekly i-arnlnKS caured Arcentlne rails to wner Allied bonds were cheerful. Announcement was made of the placing: of a further parcel I itueaiaii mree months credit bills here al pel tent. The suspension of constitutional suaran. tees In Spain made the bonds of that coun. tij heavy. ri fei WM r-fm.i nn "iiS'-it -"-'. nn no rftir ni-f TRn-iTmT. . ."."VA ."A1."?' ' 1 t r m.ider.il. .-j ..."""- ' iii-eirnoie oru 'tr demand"",, '...7"AKY''.r"''d nrm with to were "'r'.' . ':? -nenai.' v.;n z : en.. nV.;.. .: : : -A" n"i w-r ,.oond.. I"' lie Hr.1. inK," '' "'" --' iiiiiii I nrke.l .nm 4ur extra '''!tiSlWr.n' w'"'-' i"itS, .. iilo'it"'- POULTR Arm I.I1I. Ruled lairable stork 1 i.iii i-ijcjr.n rnf.ii.ra i.iii i.rnnorna. 1,111m FOREIGN EXCHANGE .Vi:V VfiltlC. June 27 The fe.iture of the foreign exchniiRo nimket in the early dealings tndaj liii-li-drd continued strength In Swiss and Spanish cm hange ami a weaker tone In Itubn exchange Krancs were easier. S.audlnnvlan exchange dis played firmness Huslnes wi on a cr moderate scale quotations were Demand sterling 4 7SV cable" I 7i 7-I6. slxtj-day bllla nominally 4.7l,. nlnety-day hills 4.SD Kranc cables 5 74. checks n 7.1. Lire cables 1 :. checks 7.27 Swiss cables 4 KS. checks 4 . Uullder cables ?1 S-16 checks 41',, Tesetas cables 2." S3, ihecks 23. n Ruble cables J.1 Ji). iherks 23 10 Stockholm cables 3n.B0. checks 30.25. 'hrlstlanla tables 2. iO. chinks 23.23 'openhagen tables 23 I", checks 2S.3.V k'i.tlllf. nntl Nnhlll ABi Antmio, llk'ahoma UIJ. Ilrkuhnr. fllrmlnir Imm nnd I linttanonan. 7 Abilene, Fort T11III1, Mcnmhls ond lneillle. TIi Miree ro't, l.lti Rork. Meridian. Montromen and IlileUh, 7Bi fornns 4 hrlajl. .Iloblle. ren; 1 ell. 1-e?n, iikiM, ttllmlnatnn, Tampa and liirknntllle, ?8i tlnlteateii. New llrleana. tllnreton and "sianneh, SO. There una ,02 Ineli of prerlpltstlon at New (Irle.ine. .01 Inrli nt lielievtcn. .10 Inch at M'untn nnd .18 Inrh nt llikshurK. NIIW VOriK. June 27 At the rotton opening today the market was firm and actle. first prices being IS lo 25 points higher representing new high records since 1872. The hoped-for lalns In Texas failed to materialise and thefe was further trade bu Ins. principally of January Demand was partlj supplied by selling for I.lxerpool and ."ew firleans account, but at tho end of the (list twenty minutes the market was Mill cr firm, with prices about 36 points net higher. Outside trade was small The receipts at the ports for the day were 7D00 bales, against 10,885 bales last week 1I.87D bales last ear and 1 1.456 bales In 1915. Teaterday's rioae. linen. 2 HI 2rf Ml 2n.7S 2 nn 2 73 JS.MI Twp .Extras for Carbon Steel NBYV YoniC. June. 37,r-The Carbon pteel Company, of ritfbursh. declared two extra dlildends of 214 Per cent each on common stock The first la payable August 15 to stock of record April 10. Booke will be closed from August 10 to August 15, The second extra dividend l payable November IS to stock of record November 10. Books will be closed between these dates. Di rector al.o declared the regular Q'mr' dividends of j4 per cent on he comr ion stock, payable August 15 and November 1.1 to stock of record August 10 and Novem ber 10 Full annual dividend nf S per cent on the second preferred w-as declared, pay able July 30 to stock of record July -6 Books will be closed between these dates. GOVERNMENT BONDS 2a, retlatered. 103(1 , 2s, coupon, 1030 ..... Ss..rf-lstered IMS ... 3a coupon, inl j. 4a, registered. 102.1 . 4a, coupon. 102.1 ... Sa. registered. 1048 ... 8a. eounen, 1041 ...... Panama 2a, registered, ranama 2a, reg atered, ranama 3s, reirlstered, Panama 3s, coupon in3R 1R3S 1061 Ml "V( ": n .: : 1 a " 4 , Rhodesia Gold Output Hear; LONDON, June 27 The. productions! gold in Rhodesia. South Africa, In Mty W j ;n.!)71 Rne ounces, valued at 229,jjt ,'j April the output was 71.031 fine ouitoa valued at 297.977. Brown Brothers & Co. rowmiANiCnTSiTT Streets I PHILADELPHIA ,tul- . Septf mber Oitoher rirritnber .lanuar Manh Spot . 2H 11 211 .17 21! rt.1 211. SI 27.1.1 11 a m 2H.0.1 2SS7 27 nn 12 m. 27.01 2 sn 2R.0.1 p m. 27.20 2B.07 27 12 J7.no L'7.10 MONEY-LENDING RATES NKVV VIIRK t'al iiionej opened at fi per cent for lending and renewing, later declining to 5a, pop cent PIlII.AriEI.PIIIA fall 5 and per cent Time, fifi5 per cnt Commercial paper, three to four months, 5j6'7 pei cent BANK CLEARINGS Bank rlearinaa today roinpared with rorre pondlni day last two iear mi7 mm mis Philadelphia 1.11,0311 noil 43 0HL'..113 I20.0H7 781 Reserve Banks' Discount Rates Oier 311 rn,r n up to no up to 00 II 111 a r.i. .. j unlV,0n.,S" rol,n,..'? l.'B'lM Unrint rhleL-- 11.. l. I -"." - "Hi nil1 nnpB.tJ'i.'W nr Mir 204722" r ' a in nni miiLr. ITIM vnllLe .nr w?lihln (1 (Irv.IilrUH .-. i 11,. .j ". "". iun. nnij nisr an'r ?r. . ia -..", re.. K4c. wHirhinit a" '. "TiTPi" X. lrr! In hhl. --.'""-. "'IT'."- . '- nhH ftv-p. -i "".'.;;' -""-. fWlli, inr 4 Ihn, Wolffh. &i ' " ..h";'. V.." "d'f" .-W mllfr fliz. ; - biij ivi'iir I nrv.n il a.4 i.i. . : i.tM. turicy afi, ft, .,i..i. '7jJnrW . Crl".-...2,1fi2ir v, 'T3;;' "'h.r '"'"ed Ired pe, lh u-;;,i Jl " V 'u't'. .'12.1r, 1 olnniiin "110 Hlllinil tf .!... 1.... II . .. j..V mi'.'.M r " I"' 23e. ducka aorlnv welchlne II j 12 in be. per dozn 3 Vmis -s ' tJ. w"tnn: 0 FRESH FRUIT5? ..erad","n.."","nfM'-",',.nnj aener.llv rul-d Mrawherrrea'per'm'lj,1 ? ,7"',, S and Manland Sfl i"r nl. 1 1,!lr, Delaware arollna r"r ni nnn,H,rl,b:j'.r'':-. North Una per .,1 1 1 -,, ".'K.K-,:.D"rl"i inonor. aueet. "an7 lb haaket-SoViV "u.JiZ'" 'berries. .Mirth'i'arohna lanlaloupiip. alifornia. B.r ",";:,. "rr,'. "K.S. do, (efirrla . .i .... i '": I I'TlrJii, pir rr JJ.IOfi foil aifrms?lon! VEtiKTABLES The potato mirk"! ruled weak oil, tables .old alowli nJ I showed ' liiil.h IS'"- niilon. 'I.i.i p.MrJi,I7'i itS,,,'??,' noeton New York . . Philadelphia . rieveland Hlrhmond Atlanta I'hlcano . Ri Ixiula Minneapolis Kansas Clt5 . Dallas Snn Frant'lpco in or leas 3 3 34 3 .1 4' 3 Aarlcul. Over 00 . A . .1 44 3 4' . 4 .1 4'. .1 1 4! o'l Up to thlrt dava, rent, alxty to nineti. 8 per cent fiver In up to 3d 3W 4 4 4 4 4 4 4 3V4 4'? 4 4 4 4 4 I '4 4 4 4 4 ft 4 4 4 4 4 4 '4 4 41, 4S 4 44 44 4 44 Roalon New York Philadelphia I'letM-ind Richmond .. Atlanta Chlcauo St. I.ouli Mlnneapolla Kanaas Clt Pallas . San Franclaco iraue nrrepianeep rem. Up to fln Up to no modify 34 34 34 34 3 34 3 34 34 34 34 14 4 34 34 34 34 .14 I 34 34 ojer thlrtv to aljty 44 per rent, oier 34 4 34 34 3 34 4 3 34 4 l.er ninety, Liverpool Cotton I.IVt:nrooU June 27 There was a gen etal demand for spot cotton today and the prlics were unchanged Cotton Buyers and Selers XGff YOrth. June 27 July Montgom er. and Wateis hid, Sc hill and Hentr of fered. Septemher Wilson Waters and rarrott bid : Schlll offered Ortober Hartcorn. Downs. W Gumoens, Ttlordan and R Hubbard bid. Itussell, Hy man. Wilson, Hagedorn, Rosenberg and Olf ford offered Dccmber R Hubbard and Glover bid ; Rountree. Hartcorn. Wiggings and Rosen berg offered January Brooks. Kelffer. McEnany and Wilson hid: Hyman. McKnany, Glfford, Schlll and Sellar offered March Rrooks and McK'.iany bid; Mont gomer, Parrott and Pellar offered. High-Grade Investment Securities Upon request we shall be slad to enter on our mailing list the names of Investors who desire to receive regu larly our security offerings. Investors will be furnished with Descriptive Circulars any time upon application. "The Eyes of the Army"' With an appropriation of (!0n.fl00.000 seemingly certain for the, flnt great fleet of American -cout and battle aeroplanes Wright -Martin Aircraft Corporation controlling the original Wright patents should be In line for Ha thtr of building these "eyes of the Army WRIGHT-MARTIN Is now producing battle plane motors aeroplanea and hydro-aeroplanes The Company also has the exclusive rights for the United States tonanufacture the famous Hlspano-Sulu. motor, adopted aa standard by France and Russia and said to b the fastest aeroplane motor In the world Send for Report 615-T. U. JONES & BAKER STOCK BROKERS WirJener B!dg., Philadelphia JOSES d BAKER, Wldtxer mdo.. PMladetphtn, r. You may send me your report 615-T. U. Vome ....i Paris Dourse Is Firm TARIP. June 27 The Bourse was today firm tiMrfja ritu State J&w York Chicago Bell. Walnut 1830-1. Keyatone. Race 2290 Roaton rittabnrgh Direct rrlvale TTtrea, .1 THE MISSOURI PACIFIC RAILWAY COMPANY AND St. Louis, Iron Mountain and Southern Railway Company REORGANIZATION To Holders of Certificates of Deposit issued under the Plan and Agreement of Readjustment or Reorganization of the Railway Companies ibore named or by Depositaries for Committees approving said Plan of Reorganization, including Certificates of Guaranty Trust Company of New York 140 Rroadway. New York, for The Mlaaourl raelflc Railway Company'a Five rer ent First and Refunding Mortgage Flfty-Tear Gold Rond, due 1S59; Financial Briefs The directors of the United Stales Olass riiH,UnS ,.r7h'' P.urpo(" of Glaring a Hit t 1 " umI"!"0"" this dividend ull be I per cent This Mill be the first dividend since July. 1911. as ,iT.h.- !'"., Tnrk SV?Ck Rxcha"Ke has ad tnltted to dealings Nova Scotia Steel and Iron Company. Ltd . rights and the T'xas Company rights. as Certificates of Central Trust Company of New York t . . Wall St.. .New York, for The Missouri Pacific Hnllirny Company's Stock and Stock Scrip ; and ' "'V Iron Mountain and Southern Railway Company1! Stock ; tchia13u .... I'an Tae . .. t'hea i. Ohio .. Ml 1'tul Kris iln pref III rent l.nula L N'aah Penna Ueailliig un rac I nlnn Pac . . L S Steel ... LniHcin ! 30 p ni . ..ina . . 1774 . .. nc, .. S'l'i . . an'j ... 41 . .loss ...1.1.11, ... .w, . .1ll2, ... MS . .14 . .130', N V equl., inn', 11 ni. 7S 2n .in ln.li, 127 .-a , fl7. 4'i 1SS 12dW Net cbc: '. )', LOCAL MINING STOCKS TONOfAH STOCKS Bid 1U II Ill 2ii Ill ia STOCKS ill na n nj .n.i .01 11 .10 MISCEliUANHOUS Arlaona United 1? Nxada lllll ; si Tecona Mliiinx ... 3 MarNamara Mld.ay M'ipah Et Montana North Star Ilescue Eula' GOLDFIKLD Blue Bull Booth I'omb Fraet Ion Dtamondneld B II Daiay Oro faiiitninrm Kendall Sll.er rick .. .."......, Aaked. .21 12 .12 .2.1 .12 21 02 ns na .11.1 .ni 112 ni ti r lorMa per box Carolina per baaket baaket 1.1ih.1i u... bunchen llfla rmnaloea lane .1 21) a 7.1 rhoUe alppl lr flat rrale j -,n per l-lb halket lfrl 1 in rf .... "'"." ."rr orlda. per box tn ,otfi uaan I 'S.k'l 2 VI fl " 7, llo - iiiii - ,1 i-.cenani 1 TVnners l-lnrM . t '.... rmr linv t at . -.. .. " "!' t . v"'. i 1 hi l Ufumhip. vk I2J2,VI, do Norfnlk iXi Norfolk p,r 1(10 PlorHa per rrate . 1.1 .illrala- r 1.7.1 Mushrooma NEW YORK BUTTER AND EGGS Miw nifllv .Inn. 27 tlfTTEn n.r.i.. 2 123 tuba unaetlled. high score 3SV c extrai. .isi (ft.lnUp epi. ..ft.?: 1 "'iiiic .IIS fi.1l',r j.,,,, J 1 . M-jj-m". r' kfinc iiu..!.,. -... -."'. aecona '("us Uecelpta 1.1.711 u,., Kim nri.17r. flr.t. Mfl.llujiJ.iiVVJVoloP'sJira'e RAILROAD EARNINGS TK..8 AND PAl'IPli; 1117 UMl.fifi.1 n.usi 7112 1 tlllANU TRl'NK Third eek June M.441 434 CANADIAN PACIFIC Third eek June . , J2.n3.noo WESTKn.V Third week June . . From January 1 raided iFi wrlrTV""' ,9I7-'91S """ raisea at Lyford. Cameion County. Texas nr'audon-thr" ' Cfon S" ,n . k ", ,0Ik suhtreamr lost ft'n o the hanks ,esterda. reducing thV c net gain since Frirla to $1,33" 000 000 ash The Guaranty beginning June 2S, tutlie bond, the nmpany of Nel, York "ill exchange for defl. ntltdtejt-la-lla a... first genera! B per cen I bon 'I n I'VE 1 ,r,r.ll. .j . ".... "" - Consolidated FlrFt Mortgage Six Per Cent. Honds, due 1920 1 Trust File Per Cent Bonds, due 1517; First Collateral Mjrtgage Fhe Percent Bonds, due 1920; and 'Lexington pulsion Fhe Per Cent First Mortgage Bonds, due 1920: t. I.011U, Iron Mountain and Southern Railway Company's FlrM and Refunding Mortgage Six Per Cent. Forty-Year fJold Bonds, due 1952 : The Kanaaa and Colorado Pacific Rallnay Company's First Refunding Mortgage Thirty-Year Six Per Cent. Gold Bond, due 1138 , The Central Branch Railway Companr'a First Mortgage Four Per Cent Oold Bonds, due 1919; The Central Branch Union Pacific Rallnay Company's First Mortgage Four Per Cent Gold Bonds, due 1948: The l.ernj and Cne Vallej Air Line Railroad Companr'a Fhe Per Cent First Mortgage Bonds, due 1926; The Kansas city Northwestern Railroad Company's First Mortgage Fle Percent Gold Bonds. Series A. due 1933 nnnnillle, t. l.nula nnd Southern Itnllnaj Companr'a First Mortgage Fort.x-Year Five Per Cent Gold Bonds, due l.lttle Rork Junction Rnllirar'a First Consolidated Moitgage Six Percent. Bonds.due 1916 :and I n.eeured Clam, against The Missouri Pacific Railway Company or St Louis, Iron Mountain and Southern Railway Company; Certificates of Bankers Trust Company 16 Wall St.. New York, for The Mianourl .Tnclflc Rnllna.. Company's Forty Year Four Per Cent Gold Loan Bonds of 1905. duo 1945 ; ..... , ' nc "e v .r'i?1 an'' 'W-unflinK Mortgage Five Per Cent. Gold Bonds of Series A. due lebruarv 1. 1Qfi5. nf Series B. I? l9r,H,K-ci ,X,n ;TLVrT' p ;,3,2"i!e!0P"Cent,GodBondS,due Match ;1 in to cam out the Plan and AmemanVlBX"' '"' I ,U"'A'.?" ra"'"a "?er tn 'aw.'. , Certificates of Columbia Trust Company L .. "1 Broadway, Now York, for The MlMonrl raelflr Railway Company'. Trust Fhe Per Cent. Bonds, due. 1917; and First Collateral Mortgage yFlye, per Cent. Bonds, due 1M0; Certificates of The Farmers' Loan and Trust Company . . 22 William St.. New York, for . The Central Branch Railway Company's First Mortgage Four Per Cent. Gold Bonds, due 1919; Certificates of American Trust Comp'any ... 50 State St . Boston, Mass., for Little Rork .Innrtlnn rtnllwH First Consolidated Mortgage Six Per Cent Bonds, due 19111 1 Certificates of Franklin Trust Company . 46 Wall St.. New York, for The Kansas and Cntnrarln TrtA,. iin,vv r-mM.M.i. F't Refunding Mortgage Thirty-Year Six Per Cent. Gold j-miiuzi, uuc ivvo i ana Certificates of First Trust and Savings Bank ..... -.. , Chicago, III., for The Kansas City orthweatern Railroad Company's '" munsaic n.c cerLent, uom uonas, series A, aue an- Missour i.rs. above named,, together luth f rut Certincat s for Co nve rtible F Per Cent id Stock and CrLn veorganization as modified July 25, 1916. of the Railway Companie." 1 fnr I m...rlil.l KI.. tl. I""--. r.r I c . .1 . .- V.--I. m tommon aioca such trust Ho'dcr Third neek June From January 1 I4n ,iao 324 27D 12SS.9SI 1308.000 MARYIND !31n.M2 A.SIIA O.M CHICAGO. INDIANAPOLIS AND I.OUISV1U F Third ..eek June $1R7.IHI II 4jr t-ic.pi July 1 S.SUU.IIU 1 III" 1n Decreaae i."i..3.o IK 7SJ fi8.1.370 DIVIDENDS DECLARED Am ft? lean Ir Conipnns. I1 rr cnt nn u.. ?.rr'j,uly,".k' "a5ab,e Jul S ' fi.,M0.,.,.r 1li,?'n'1.". . on. h; Vreferrei ah;,,:mi";WJ ora Jul 18. ' Cleveland Resene Bank Dividend CLKVnLAND. June 27 The Federal Re terve Bank hag declared a dIMdend on te stock of 6 ier cent. The dividend covers the period up to December 31 and will be credited to the member banks Saturday June 30. " No Change In Sugar Prices NKW YORK. June 27 -Fine granulated sugar remains unchanged at 7,60c. The last sale In spot Cuban raws vvaa at 6 Ht,c More Coin for Spain ikN?W VORK. June 27Up to the. end of the first hour of business the expectation of continued shipments of gold to Spain wai borne put by tbe withdrawal of t,170 000 In coin fop export Spanish exchange con. llnued a strong feature. BAR SILVER .v .. Tork . 1,AIJ"I ,r0' rial mtf MU Js lat iv.. ini. Hiih. ixiw. Aitauat I to atnek nf record lieiron iron on common. na Union .Natural lerly or 2 pei of rerord June 30 nttsburs- Terminal Warehoui and Tranfer' .blTn. 30t"l"r m","ly " ' hr"nr-.';P a ami Meel Company, in ir ,,, a.ab If U per rent quarterly ral i,aa Corporation rerulaf ouar ;er ;ni. p.v.ble July U to hold?'. LIVI3 STOCK QUOTATIONS CHICAGO. June 27 lioas Recelpta 30 ooo head, market du 1 SOlOo loVr mi,',j '..J binrhera. ftt.Me IS 75 iooilh.avy 114 iVX lS.SSi roush heavy, I14.45Vtii . iliht 111 oil CATTLE rtecfipt,, 21.0001 heads ma ?i., ateady to ahada lowen beevea, SRMeFlx So ro and helfera. IV7ADll.Kni .t2.iT.":"J inBtlWIII) calvea. IIU.10B.lai.v- " IB.000 head: mark.l lamba, Su8e0,,!!'idlanaP0", an,J -" nall. axles, brake beams gu-rd ralla . switches and track aw,n ""!' '?' Central has alreadv placed T,! 'u stantlal nr.i.r. . ;. ?'.T..a .?eral sub ." "" m ,he niarket MISSOURI PACIFIC" REORGANIZED Depositors of Old Stock and Bonds May Now GetNew Securities vrU,hn(Hb & r' ns 'nrganlaation man rBa"fic 'S .V " rrJ'-A .. .Mlsur. that the ne ..;;..."" ' "rganueil and nf the certificates of denosit ahnve i.nk..l i....j r........ .A I 1 t 7. . .vc.,u.tu. I33U..I4 u" tl j V. arV. rc5Pect'veiy entitled, surrender their IV111LU 1SUCU viic sdiric. in the United States, must, to nhtain the new a r.rtlliinle nf .la.-:. A. ,L. . T !..lAa Pfl fc.. .,,bu .a yjt UCLJU3U ill I il f. rr.nprnvp upnn.iiiiiEi jb in ine case ot issues marked with aoteri.v. t ,v,... ..'.t.- .. "Ti T. r a certificates for preferred stock).'the certificates of deposit so surrenrlererl m,,.f v.. ,, " ecnanBeaBle Ior "u" s names and addresse of the holders, and the new troS "certificates and $nvWrfc fCTpa.Wed.b3- a 5tatement. ,f 1 will be ssued only in the names of the hnlrlera .V.j n t !y cnecks for adjustments in respect of interest f, spectivc Depos"ayries DelKcn- sucli "dements must be obuinecf from the re- J cates of deposit are so surrendered securities will be made, so far as practicable, in the order in which certin- -j In the case of certificates of dennsir in t... r..i t - for the new common stock vv.ll be issued in the names hn e U.Vu .Tffi,"f-?l.f,SW-.Y.?;k for ock: trus.1 r.,.e?!?! names arc sneci hed bv senarate intr.m,.ni ;.. :.:..-: H 1, : "' "" " "'" ."' ucposu surrenaered. unless ainercm latter c?se the certificates of denosit urrend certificates of deposit In the rate of two cents per share, and bv such FerfTrai Xl .;." f""i?. ?Y wew. Yorl ?ta.e transfer tax stamps at Vt time of such surrender, and the trust certificates will bV issSed in thV namTsso ST U"ited SUt" UW ' mat the new securities ..!. V ."" trlbutlon n.nn.i."'es-ae..readv 'or dis- spectiv. depositaries by vvh.chth'ey'Vere The ayttem. conslstlnp of about 7000 mii of line and traversing eight States I. i!.i operated by the ne mi.. i",.Js teln.B road Company, neen by it, The the receiverships having lifted from the properties acquired KHEKr Ufr.lni. '?&.''. ,"," ani1 vveatern, 11 K.sn nrUl MOM.30. Illg Exlra for E. W. Bliss & Co S'EW YORK. June 37.-B. "W. Rllsa & Co. have declared the regular quarterly div. Idend of 2 per cent on preferred stock and an extra dividend of 11 "J per cent declared on the common stock, in addition to the regular quarterly dividend of m per cent All dividends are payable- July 2 to stock of record I June 27. Books will be closed from June ?7 to June 30. Advance Pig Iron In South BIRMINGHAM. Ala June 27 Learfln'.. hive advanced p'r Iron foundry ti,tr- '" IV.K .1 V fiV 1'";u ,,s l0 "5 To" fllrre.lnoluainr V'tJtjl. '- Pot ir9i. iollnrOTEr!i 1- ; 7 ' ,' ' -If. Htlr eonimein cnH . . Of th. PnmMB..r. ' "A,''"er" etCkS five-j ear voting trust of which OUo h Kahn. James N Wallace and Robert w?n"r are voting trustees. Application niii TheXew" vrvSS,i.i" " co'""'y on The following are the members nf ib. board of director, of the new company chosen purauant to the plans of reorTanull Benjamin F. Bush. Nicholas F. Bradv Harry Bronner, Carl R. .Gray Aiefni. J. Hemphill. Charles E irVgerVoli 1 wmum . Lee. John H. McCleme, t. Edga'r'T l3.nS!Il:i,,uA1S4 tnt loiiowing officers and nuance commit. 6 fr the en8Ul"K r ae been chose i F Bush. Dresldent. mi... , "oT."0""- vice president' New York ' A Robertaon' vice president In charge of operaUo'john' O, Drew, vice president. Irt charge of ac. uTd'r w?V, Jh,n,on' v,ce Prl"nt ;f Ed ward J White, vice nmM. j "". ollcltori H, M, Adams, vice president In charge of traffic; H U Utter! ! WJ-Jl execu All crrtifimte, f .n.! j.-.j ." " .. . " "a,"cs BO ! ted transfers therenf iuZu c?".. ?.r?P0?,tan" mU8t. Wn'S In bearer form, be accomnanier! hv nroneflt Depositaries, and, in the case of ceS.fic.te t0 te'--tioS of the Kipeetfe &-,."? Xork Ciiy. bank. tru.t company or ltocVExchiMiK,lVl; '." l0.'.' 8Uch f0"4" Wl York City bank or trust company as correspondent, 1 ll IIV W 111 from June 1, 1917 w......, m oiuts xxcnanEe nrm. or bv a hanlr nr , -- L'XZ" ' u a. ' w imji Luinuanv navintz a. jit Tl.- T.i--a. I !-' " -w.i-lWMWSHl, i"'T'n.,i".i,ia.,""?'n.? Mortgage Bonds will be delivered with . a.,. ... ., ,.. -iiti subsequent coupons. The General Mnrtw n. .fiii." j.,uusu. ' " ior in.. 7 1.-.A ,..1 " . " ".' "- i !' D". 1. ,v.1.'0.r ,Jlterest .'r?". J""' I- 1517. and subsequent coS, T ifi" ,"3eK catu scries, dim me ucnera .Aiortgape Bonds will he in ih ..,..'.;" T ,i,""u ciunuing tificate of deposit entitled to receive new bond To ehher issue mLJ V'r"S .f 51-,000Taid $500. and Herman uriif,., ,lir.ri. ,..:t.l .' V "on0? ot either issue, may deliver to the Denn.imr.. ...: I ered; but a holder of such either denomination for tee B. F treaam-.r. .a r.....Tu "V.' .""'" ral coun.;i" Finale Sa5?l Z.-?y- i We-mpW". 'ohn H McCieiieift. iiiicj- it cmenarti ann v ti hmi,i .11 cica vvjin coupons aue my. vM iviorteacre linnos m any holder of a cer- 41 laa aABe4atei4)am Of the other 9nH . ,u ... ' L "e5.01 aeP"t will thereafter be ent tied to erhan hondi of surrender of the certificates of deposit, the DeposT arie at their oSf.Mmav'Hil?1 SPuMId ?S .afo"id at The time of' t the time of d str butim nf th ,.?..:?. ?V",,ro.Ptlon may deliver bonds of ether denomination. of certificates of deposit for the bonds in this naraVranh menon. :1 .i?nts '" resP7ct of interest will'be paid to holderj M of the Plan . Adjustments for in "rest uponolS bSnds excLeeLwet ""l inJthe .nn" provided by Article the date from which the new bonds bear interest but fnterert S fK ' W bnds Vm be ma UP l June 1917' ments ill be allowed to June JO. 1917. In cases where no advanced ln reinC.tnf0nts of upons covered by adjust Plan, the total amounts of the adjustments payable 'n resnect of the setK f lnte?e5t haVe bee ade under the of bonds, will be as follows 5e First and Ketundinir V! fB1i. n U,S s-,vera L"sue .'or each $1,000 princial atnoun Bonds, $2120. Consolidated First Mortgage 6 Bond, $5 "wddiUonnl19, $2;?5; Forty r $. Gold Lo,n May 1, 1917. and not et pa d over by the Denositarv. ,... ;" tj 2 'S any'"terest due on such bonds on or before Bonds due 1920, $95.80. St. Lpuis, fton MountaK Fi"t Collateraf Mortgage 5 Bonds. $120.40; The Kansas and Colorado plr and Refunding ilortgage Lompaiiys lionds (when exchanced for 100 in- ;. . ua.? " lonah W-?3i The Central Branch Railway i Lompanys Bonds (when exchanged for 100 jn ew bondO $'1 02-' Th-i V"1'" 5ranch Union Pacific Railway. Company s S Bonds. $27.25; The Kansas City NonIiweste7A ffiffirJhrLerojr a,ndCaney Valley Air Line .Railroad first insSt0J,fCy, Company who hav'e paid only the t'7r :,erCSt '" b0"dS a"d in " rtifi ock, bearer scr,P certificates w... be Dated. New Vork, June 26(191, KUHN, LOEI CO.. t u u .... - Reorganization Manager!. T "itei "drtrocf S 3nd U"58CU"d C""": tinneH will f. .u. .."... . uanPi tock and unsecured r1,i,. ..j- .. .... tio ws ny from imt'o irtJ ,V 5 Tl 2& tat h. n..C.:i ' 't-v:? "iviriKnea Keorcanirntim, i.',' "".' -"- -;: i biock, io tne requirement tl required pursuant to Article Fourth nf Th. a " pay in. ',x P !" J!." from Mayri2. VKlVW.lV. ?L idiiu. mew v nrv ii.m. n iaii ----- v..,.a la iuucci in ful . it the Tm. .T.u j sw'i ana suDiect, in tne ce RtoVVaniL Sn LTiJh"8 dfP?Mhe ,um of:$49.9S per share .i-!r.ani?a!'n. together with Inter,. t tU.r.nn tU. rate W Withdrawal at ... j" ".7. "". "" v - 1 li V " !, v -r' - r rnc witnout hotlce. , UU CO,. 4 '. " 1 ?, :" ' &&i8lMk&, ixgM'Jiai. EWSMaSSffll f-ii . ' IBiBBlLiBlHI lllltiltTfl!!!. Ilf I
Significant historical Pennsylvania newspapers