sWfr.
'TV
$-W.
teVWWTWn T.T?T.rtiT nmt ATvwrTrr. -r-, ,
,
;4
W
IK
MMHONING &SHENANGO
RAILWAY & LIGHT
COMPANY
FIRST & CONSOL. 5s
NOVEMBER I, 1920
FREE
FROM STATE TAX
P1NN8YLVANIA
IN
EARNINGS OFFICIALLY REPORT.
ED 24 TIMES INTERCST
CHARGES
PRICE. B7yi AND INTEREST, TO
NET ABOUT 5.847.
REILLY, BROCK & CO.
BANKERS
306 CHESTNUT ST.
rillLADELl'IIIA
Tax Free
in Pennsylvania
V own and oftar
City of Philadelphia
(Hi and 4i, various maturities
Lehigh Valley R. R.
General s. due May, 2001
Lehigh & Wilket.Barre Coat
Consolidated 4s, due June, 1(2
Metropolitan Electric of Reading
First 5s, due April, 1939
Pennsylvania R. R.
Comolldstcd Si, due September, 1919
Pennsylvania R, R,
Freight Equipment 4s, due June, 1920
Pennsylvania R. R,
Fr't Equlp't 4HL due Apr., 1919.22-21
Phila., Baltimore & Washington
First 4s, due November, 1941
Philadelphia & Reading
Consolidated 4s due March, 1917
Philadelphia & Reading
Improvement 4s, due April, 1947
Pitts., Youngttown & Ashtabula
General 4s, due June, 1948
West Penn Power
First 3s, due March, 1949
Yielding 3.95 to 5.20
Details on Application.
The National City
Company
1421 Chestnut St, Philadelphia
New York Chicago San Franclieo
Boston Pittsburgh
Free from Pcnna. State Tax
Luzerne County
Gas & Elec. Co.
First Mtgo. Ref. & Imp.
5 Gold Bonds
Maturing October 1. 1948
This issue is secured by a
first mortgage lien upon all
the property, rights and
franchises of the Company,
subject only to 523,000 of
underlying lien on a part of
the property.
Franchises under which the
Company opei-ates arc per
petual. As of 1910 census, popu
'ation served approximately
1.14.000
The American Gas Co.
owns all the slock of the
Luzerne Comly Gas &
Electric Co
Price upon application.
William P. Bonbright & Co., Inc
MOrmiS W1STAR SVflOL'D. Jr.
Manacrr
437 Chestnut St., Philadelphia
New ork lloston Cdlrnro Detroit
London Pari
William P Uonbrlght 4 Co Bonbrleht & Co'
OomMnney
$? OmpanYsIInc.
AUTOMOBILE BANKERS
Offer special IdUlltleu lot In
dividuals or automobile deal
ers to finance th acquirement
of pleasure earn, for business
houses to finance the acquire
ment of commercial care or
trucks If you are thinking of
purchasing a car of any kind
for any purpose the KINNKY
SYSTEM will make a better
business transaction for you.
REAL
ESTATE TRUST OUILDINC
PHILADELPHIA
One Billion Dollars
Will Probably Be Spent in
Battle Planes
WILLYS -OVERLAND
Should Ret many of these
contracts.
Send for Our Special Letter
HUGHES & DIER
Member. ?!:!:d.,?K:i5,S?kT5de.,,'W
1435 Walnut St., Philadelphia
IIS Ilroadway, New York
ttoolwortli Uulldlng, Lancaster, Pa.
THE
HAVILANDARMSTRONG
COMPANY
STOCKS
BONDS
141 8 WALNUT ST.
PHILADELPHIA
NEW YORK-BOSTON
csYAButHco nn
Morris Brothers Co.
MUNICIPAL & CORPORATION
BUNDS
vJiJNliiRAL T.THT uattttih , i : -
T PTrnr a XVAiJ1JiU& AKUM LOW
LEVELS AS SOME SPECIALTIES FALL
Ind!a"S Has BMn Strength
ened by Liquidation-Less Uneasiness Over
war Tax Measure
IHnh Pr,!,.t 1.. fn.t ....
.. Judication, in Wall, , ' nancial News
""Vh s Wt "al it I ,,", 'n,ar' co"d,'""! arc Wronger because of
on New York Curb. SS' Mone,V "'" Some strong features
New low record for rubhsintfl?,!? owf n Colion Jowcr' aar '"Mr tower.
' r"'c m foreign exchange market.
There were mnnv ia, . NEW YORK, June 29.
that the eltuattonT "! '," ,he 8tock marct "" during the hy
nony pec tame, nn ,1 ,tferB,hened b" ,ho "nidation which had occurred
Some further lolM deC""cs Blnco ,he banning of the week
instant picMur. for re S1USJta,"c1 ln Peclaltle.. which had been under
ftom low levels nnT, ' but tho llst Generally wa quick to rally
In shares Important advances occurred In n number of tho lead-
Ins de'nnltenhMn.- k'" "i" ovcr tho w"lnBton situation, although noth
war tax meaaure tT abtalned about thp ch,ef poln,s t0 be lnc""d ln the
maximum TnThMn J . u V'1 entcr,alnefl belief that statements of the
had much H ,(P bcl0W ,G ep cent had good foundation, and this view
ls.UM?n ih i 71?. th bCtler tono whlch WM established In the industrial
issues in the last half of the day
at 6 IZ ?.ked d!stlncty ensi"- brokers were offered five months' money
7W n.r ,L. T " .. Bnme ,nd,lstral8 on which they woro compelled to pay
L, ? , ,.r.Ca" moncy ln the flrst bnlf ' tho week,
tn ii.i7 ! Alcohol had about the widest range of the specialties, declining
frnm m v ,. ? n.dvnnc,n t0 157 Bethlehem Steel "B" dropped to 137V4.
nf??, ,,, ndvnnccd moro than 2 points, and United States Steel common,
alto rAeillne- n 100 .i . .
"v "i nutunceu 10 luvi.
h.i The,'!Bllro1ad Rtock'' ero under pressure from strong sources, Union Pacific
oemg sold In large blocks by a house often acting as a direct ngent for banking
interests, and thero was similar selling In Southern Pacific.
There was little feature to the bond market, although several buying orders
made Rock Island Bs strong and caused thoso bonds to advance from 74 H to
74. There wcro large transactions ln tho Liberty Loan at and above par.
BUSINESS IS SMALLER ON CURB;
NEW YORK CITY 4V2S IN DEMAND
NEW YORK, June 29.
There were some strong features ln the trading on tho Broad Street Curb
today, although business decreased materially In volume after the recessions
of tho lost few days Special attention was devoted to tho various bond Issues,
New York City new 4Hs bolng ln good demand at 103, and the now Baltimore
and Oh'o one-year notes were strong, with sales at 99. Tho two-year notes
sold at 98 Vi.
W.'lRht-Martln Aircraft was actively traded ln at OTs to 94, whtlo Curtlss
Aeroplane was weak, selling down from 39U to 38i. Ohio Cities issues were
firmer, with the new stock traded in at B6U to 67 and the rights sold nt 62h
to 63U.
There was good trading in Triangle Film at X and Hi, with a good deal
of Importance attached to the announcement of the election of H. O. Davis
as vice president and general manager. Oil stock were quiet and without
special change ln prices.
INDUSTRI VI.8
111(1
Am Reduction HI
Am Stores 3il
Aetna Kxplosles 4Vi
Am-Brltlsh Mfg 7
Am Marconi .... 2ii
American Writing Paper 3V4
Canadian Car Co SO
Can Car & Fdy pref 70
Charcoal I-on 8H
Chevrolet Motors ....... 05
Cramp SO
Curtlss Airplane 31 Vi
Carw en Tool 11
Carbon Steel 100
Hmerson Phonograph ... 0
Federal no 40
Hendee Mfg 27
Kathodlon Bronze pref.. IVt
Lake Torpedo Boat Ti
Lehigh Coal Sales 77
Lima Loco SI
Maxim Munitions 2Vi
Marlin Arms 100
Nor Amer Pap Pulp .... S
Otis i:ieator 80
Peerless Motor 16
Poole Lns 70
Redden Truck 18
Santa Cecilia 20
Santa Cecilia pref 85
Scrlpps-Booth 25
S S Kresge w I 10
Standard Motors 11
Steel Alloys
Submarine 31V4
St Joseph Lead 18
Todd Shipbuilding 81
Triangle Film l?i
United Profit Sharing . . Vi
V S Steamship 4 V4
United Motors 27
United Sugar 3
World's Film
Wrlgi t-Martln Air OVi
Zinc Concent 2V4 2
STANDARD OIL STOCKS
Asked.
80
37
i
12
3
4
3S
78
0
08
R
88V4
12
ion
OVi
32
2V4
8
83
87
S
105
5Vi
SO
18
80
10
2fl
00
ii
12
on
32
10
88
1
4
2i y
30 V
9
close.
(Sale)
HI
3V4
100
30 Vi
1214
101
1NDEPCNDKNT OIL STOCKS Continued
Met Petrol . ..
Ohio Fuel ....
Oklahoma Ref .
Osage Hominy .
Rite Oil
Sapulpa Ref . .
Soquoj ah . .
Sinclair
United West Oil
Hid A.ked
hi it.
Ye. close
20
104
8W,
Vi
OVi
l
24V4 2V4
64 OB1)!
18
T.
8
iV
0
IVi
MINING STOCKS
2
104
8Vi
on
32 Vi
Hi
26Vi
"v
0
2Tft
Illinois 208
Ohio 335
Prairie Pipe 210
Stand Oil uf California 258
Stand Oil of Ne-v Jersey 880
Stand Oil of New York 280
IMIKPKMHINT OIL STOCKS
Harnett Oil & GaS 2 V4 2U
Coeden Oil
Cosdon & Co 11
Kile Basin B
Federal Oil 8
Inter Petrol 13VA
Houston Oil 20
Merrltt Oil 25
Midwest Ref 133
212
340
275
283
500
285
11T.
HTs
10
5'.
13
O 1
28 V4
135
500
282
2Vi
11
SVi
13Vi
25Vi
135
Alaska Standard . . .
Atlanta
Big Ledge
Blsbee Copper (a prosp)
Butto Copper & Zlno . . .
Butto New York
Cal & Jerome
Con Arizona
Umma Consolidated . . .
First National
Ooldfleld Merger
Goldfleld Consolidated .
Ooldfleld Florence
Goldfleld Keuanas ....
Green Monster
Hecla Mining
Hone Sound .
Independence Lead
Jerome Verde
Jim Butler
Jumbo Lxtenslon
Magnate Copper
McKlnley Darragh 48
Magma Copper 4?
Mother Lodo 20
Mines Co of America ... 1
Nevada Hills 23
Ne ada Wonder 1 VS
Nlplsslng 7Vi
Ohio Copper 1
Ray Hercules 35i
Stewart f
San Toy 15
Tonopah Intension 2V4
United Verde 37 Vi
West Hnd Con 08
White Oaks 3
Yerlngton 29
30
10
Vi
0".
IVi
IVi
2 V
H
2Vi
5
40
18
13
1
8T!i
SVi
10
IVi
84
30
llONIH
Atlanta Charlotte 5s
Bethlehem 5s
Cosden Oil 63
Coeden & Co 6s
07
08
O'l
00
Cudahy Bs 07
Hrlo 6s 07
New IIaen 5s osTi
New York City 4 'is . ..103
Russian GoM 5'3h 70
Russian Got GVis 82
Southern Railway 5s ... 07
Sinclair Oil 6s 03
Todd Shipbuilding 6s ...101
36
11
2Vi
Vi
10V4
Hi
1
2Vi
1
3
7
83
23
16
1A
9
5?i
12
Hi
87
33
1
52
47
27
m
28
Hi
7
Hi
4
17
2T
38
72
31
08
08Vi
101
100
00
97 Vi
OSi
103
72
83
07V4
01
103
(Sale)
Mil
lOVf.
8Vfc
014
li"
21
62V4
31
invi
iS
10
IVi
2Vi
1
a
82
1ft
li'
J5
32
43
26V4
794
2V4
72
32
08 Vi
98
7 IVi
83 Vi
97
NEW YORK STOCK SALES
.. . Hlh
Alaska Old At um
Allls-Chalmers Co 20
DIVIDENDS DECLARED
United Railways and Electric Compiny of Hal
timore. reiular quarterly of 50 cents per share
on the common stock, payable July 14 aa regis
tered July 3 . , .
united l)rur Company regular fiuarterlj of
1'. per cent on the first preferred, payabla
August 1 to stock of record July 18.
Standard SlUer Lend Mining Company, quar
terly of Si- a share pajabls July 15 to stock
of record June 3
FhlladelPnia. nnu vwinuru rrn v-umvou
miarterlj dividend ot .' per cent payable July
10 to stockholders of record June 28 Last June
a per cent dividend vts deilared
Clunker City Natlohal Hank, regular semi
annual of 3 per cent payable July J to stock
holders of record June 30
Extra for Eastman Kodak
ROCHESTER, Juno 29 The Eastman
Kodak Company has declared an extra divi
dend of 5 per cent on Its common stock,
payable September 1 to stock of record
July 31 1 also the regular quarterly dMdend
of IVi per cent on the preferred and 1J per
cent on the common Btock, payable Octo
ber 1 to stock of record August 31
.DJvroriNDS-
IFIIIOH VALLEY RAILROAD GOMl'ANY
LKMUi" pnlladelDnia June 20 1IH7
The Board of Directors of the Lehigh Valley
n.Tirnad mpnn have mis day declared &
Quarterly dlv-dend of to and one-half per cent.
qvt "il id per slmre) on Its preferred stock to
ittckholoers of record. June 30. 1917. and a
.finer y dividend of two und one-hall per cent.
ESriTS, . T'.-rfTBHf .
, Triurr.
LOCAL MINING STOCKS
TONOPAH STOCKS
Did Ask.
MacNamara lit 21
Midway tl 12
Mlzpah Ext 10 12
Montana 20 23
North Slar 10 1J
Rescue Kula 19- ,:t
OOLDKIRLD STOCKS
Atlanta 10 ,11
Blue Hull Ot OJ
nooth oa ns
Diamondfleld 1) R 02 .01
Daisy 01 .111
Oro 01 02
Sandstorm Kendall (12 ,01
8ller rick U) 11
MISCELLANEOUS
Arizona United 27 30
Nevada Hill 21 .28
Nevada Wonder 1.1)0 ISO
Tecopa Mining 23 .33
Give nig K. R. Jlortgage
CINCINNATI. July 29 The Toledo and
Cincinnati Railroad Company has given
a mortgage to the Bankers Trust Company
as trustee, to secure a bond Issue not to
exceed (35,000.000 to be known as the first
and refunding mortgage bonds. The bonds
bear Interest at 5 per cent The name com
pany gao a mortgage to the United States
Mortgage and Trust Company as trustee
The bonds are to be known as the ad
justment and Improvement bonds and will
bear Interest at 6 per cent from January
1. 1918, and are payable fifty years after
date.
r.n- I CHiail COAL AND NAVIGATION CO.
THE J.Lu" vPhladelphla, Uun 27, 11)17.
DIVIDEND NO. 185.
,k, noard of Managers this day declared a
ouIPterly dividend of 2 per cent ((1 per share)
2S the capital stock of the Company, payable
August SL 1017. to stockholders as registered
V iii. books of the Company 3 o'clock p. m.
iKlv 31. 117. Checka will be mailed to stock
holders who have filed permanent dividend
orders.
IIENRT II. PEASE,
Secretary.
ITflAL ADVERTISEMENTS .
'L-ct KSTATE OF EDWARD C. THOMAS,
33S deceased Lettsrs testamentary on the
SC. ista" having been granted to THB
l-UOVIDKNT LIKE AND TRUST COMPANY
nv PIULADEU'HIA. all persons Indebted to
?JL ..id mUU are requested to make payment,
ind 'tboM having claims to present 6 same.
"!??! Seliy at the off ce of the said Com
ra'nhy?WChy,.tnutVt..rhll.d.lphla. ,,
r--' ADA ft
0VHlaeJru,VB,d,.Ph,U..P.
I U21 Chestnut Street
'"ECTOHVOACfcO'JWTANTa
BURN A SprAKUAN
Cotton Buyers and Sellers
NEW YORK, June 29. July McEnany
and Schlll bought i Lehman sold.
October McEnany, Downs, R. Hubbard,
Lehman, Martin, Sellar and Peers bought;
W Gumoens, Hymin. Freeman, Gifford,
Rosenberg, Schlll and S. Hubbard sold.
December Schlll and Martin bought;
Kelffer, Hentz. Hartcorn and Cardoza sold
January McEnany, W. Gumoens and
Cohen bought; Younr, Hentz, Wilson and
Rosenberg sold.
March Schlll. and Hentz bought ; Smith
and W, Gumoens sold.
Resume Cotton Trading in Liverpool
LIVERPOOL. June ii Dealings ln fu
tures were resumed on the cotton exchange
hera today Under regulations. Quotations,
which were fixed on the closing prices of
June 20 when operations in options were
suspended temporarily, follow; July and Au
gust ll.SOd, October and November I7.25d,
January and February 16. JOd, March and
April 16 43d No business was done ln
spot cotton today., The receipts were 4000
bales, including 1100 bales American.
Ain meet sugar . 03
Am Can ... .
Am Car & Fdy Co 7814
Am Cotton Oil s
Am Hide & Lea . 11
do pref A
Am Ice Sec 25
Am Linseed ... , 23?,
do pref BOli
Am Locomothe . . 71
Am Slalt 1014
do pref (uai
Am Smelting .. 107
Am Sum Tob Co. soli
Am Steel Fdy ... ll"i
Am Sugar 1191a 110
oo pr us us
Net
Close chge
HVt Vi
20 V4
02W i
48 ..
78 1
87 V4 Vi
II
0IV4 214
28 (,
2314 14
60 Vi "i
7014 V4
1014 Vi
1i 4 "4
03 107 14
37 301i 114
7014 7 Hi 14
110 1V4
118 lit,
Low
8
29
03
47V4
771i
87V4
13
0114
28
22
8014
0914
OK,
60
Am lei & Tel ., 121 I20V4 12014 14
Am iod.ic pf new 101'4 10114 10l! a,
Alii wool as v. 82
do pref pa 08
Am Vtit Pap pf 40 4014
Am Zinc & Lead 3114 304
Anaconda . .. i'i 8n4
Atcnison . . . too'
82
08 114
0H
31V4 1V4
81
80
0 U
72i
70
111
At const Line . ,110 no
At G & W I . .. 106 101
00 pret oo
Raid Loco Co ... 72
Bait & Ohio 73T
do pref . . 70
Barrett Co ... . Ill
Beth Steel B . 141
Brook R T . so
Burns Bros 100
Butte & Sup Cop. 40
Cal Tetrolcum pf 811,
Can Pacific
Cal Packing Co
Central Leather
Ccrro do Pasco
Chandler Motors
Chesa & Ohio
Chi M & St P
do pr
Chi R I & Pac w t 37 li
do full paid A8l,
do 6 per cent w 1 00
do 7 per cent w i 78
100 100
110 ,114
ion 1
60 14
IP !
72' IVj
10 '4
111 1
13H4 noli 4 1
180
381i
0IH,
36
82
60
16
111
I) It
30
80
60
16
HI
Chill Copper
Chlno Con Cop
Col Fuel & Iron
Col Gas & nice
Cont Can .
Corn Products . .
do pref . .
Crucible Steel .
Cuba Cane Sugar
do pref
Del & Hudson
Dome Mines .
Distillers Secur. ,
Erie
do let pref
Elk Horn Fuel .
Gen Elec Co .
Gen Motors . .
do pref
Goodrich B F
Gt Nor pref .
Gt Nor Oro subs 32 Vi
Green ("an Cop . 10
Gulf State Steel l.'KVi
Haskell & Barker 3114
30
100
40
8 IVi
1S
381i
01
35V4
70
6014
1314
111
30
611a
60
78ii
21
5 Mi
8114
3014
loot',
3114
iOM'i
86
41
00
112
12
10
26Vi
38
36
163
113'i 110 It IVi
8ft
101
01 V
80 '4
1
li
1110
10
31 li
130
38 V, Vi
3
Is
14
2P4
88
32 Vi
41
102 lt
82
10111
. 8814
. 42
. 00 li
113
. 12
. 22
26
30
36 4
162
61
60 1,
18V, V.
2li
8M4 Vi
82 '4
41 1
10J 2
33
105U
81
42 Vj
00V4
11.1
12
Vi
'i
V4
Vi
IV
14
22 2Vl
2614
31 14
36
16' 14
1V4
80 80
16 48V, IVi
106 106
111 Central
lnt Agrlcul ... 10
do pref . 86
Inspiration Cop 02
lnterb-Cons Corp. 014
lnt Mer Marine 21
do pref 83 V4
Inter Paper .. . 3114
Inter Nickel . 30
Ko!l .Springfield. . 46
Kennecott Cop . 41
Lack Steel 0614
I..II UMlf (i,1H 01
Lehigh Vallev . . 01
Lee Rub & Tire II)
Louis & Nash .
Max Motor . 4714
Mex Petrol . . oili
Miami Con Copper 41
Mldale Steel .. 63
Mo, Kan & T pref 7
31
40
138
30
31
40
128 1
30
10114 103 10314
II)
84
01
0V4
26
80
33V4
38
41
441i
03
01
64 li
18
10 1
33 1
63
014
27
8214
34
39
41 I
4.1 r- 14
96 X2
91 1
6 1 li
18
127 121 137
46
02
40
0114
7
3014
01
31
88
3K'i
23
33Vi
38
23
21
00TJ,
38
37
3V4
47
0114 1
40
63 Vi
7 ....
3I!4 li
0,1 I
35
10814 1
11.1 1
34
38
2 "Hi
21
01
38
38"i
23
1
Mo Pac w I . .. SIV4
Mont Power . 01
Nat Acme Co . 31
.National Biscuit I08V4 108V4
do pr 113 lt.i
Not Con & Cable
Nat Enam . Stpil 30 38 38
Nevada Con Cop 2.114
New O, Tex & Mex 2,1
New York Cent 03
N Y Dock pr
N Y N II & II
N Y Ont & West
Norf & West 124 133V4 ISt'i
Northern raclfle .102'
Ohio Gas . 121 117V4 124 5
Ontnrio Silver . SV4 8 "4 r.'t,
Pacific Mall . ... 20Vj 2") 39
Penn R R . 83 32
Peo Gas & C 78 77Vj
Pere Marq ct .... 10 10
Phlli Co . 31Va 31
Pitts & West . 31 33
do pref . . . 64 61
Pitts Coal ctfs . 85 834
Pierce Arrow . 41 41
do pref . .07 07
Pittsburg Steel pf 100 loo
Pressed Steel Car 73 7.1
Pullman Pal Car 141 140
Ry Steel Spring 83 81
Ray Con Copper.. 3814 28 2814 -
Heading 06 oil'.
Rep Iron & Steel oil, 00
1
li
82
18
1
Hi
li
V.
li
10
31 4
34
64
31
II
07
100
71
14014
.11
3814
INACTIVE STOCKS
Following are quotations for Inactive
stocks listed on the New York Stock Ex
change and In which there were no transac
tions today The price given Is the last
pretioug close
do pref
Roal Dutch . . . 6
Saxon Motors . 17
Sinclair Oil . 43
Seab Air Lino pref 28
Sears Roebuck
Saiage Arms 100
Sloss-Sheff Stl & Ir 87
Southern Pacific . 01 14
Southern R R
do pref
Superior Steel . .
Studebnker
do pref
Stutz Motor3
Tennessee C & Ch
Texas & Pacific
Texas Co
do rts
Tobacco Products
Trans & Williams 46
L'n Bag & Pap new 86
Union Pacific 136
do pref 70
United Alloy Steel 45
Unit Cigar Stores 104 101
Culled Rwy Invest 8 6
do pref 18 18
V H Ind Alcohol 157V, 148 157
103 102 101
61 61
16 17
41 42
28 28
10814 168 168
00 100
5714
0114
2714
56
40
84 li
04
37
1714
16
208
21
86
46
80
134
10
45
00 a.
01V4
'i
28
86
80
A8
01
38
11
16
212
81
1
1
'i
1
81
01
28 V.
1
1
56
80
67
01
37
11
16
313
22
81
46
86
131
10
43
104
8
18
1
Vi
31i
1
U S Rubber
U S Smelt & Ref
do pref
U S Steel ....
do pref
Utah Copper . . .
Va Car Chem
21i
1
314
88 1
8014
40 1
130 - 1
80 87
80 80
81 40
130 138
117 117 117
110 109 110 4
42 43 42 1
do pref 100 108 100 1
Wabash 17 12 12
do pref A .. .. 30 so
do pref B .. 27 27
West Maryland 21 20
Westing Mfg 80 40
Worthing P & M 31 34
Wheel & L E .. 16 15
Willys Overland . 33 30
do pref . . 03 03
Wilson Co 10 08
Ex dividend Nova Scotia Steel.
50
21
2114
30 li
31
16 1
33
03
71 1
H Atchl
son preferred SVi . UnlteJ States Industrial Al
cohol preferred, l' , Shattuck Arizona, 14 and
i, extra. Oaston-Wllllams, '. , Continental In
surance, IVt Kallroad Securities Company Il
linois Central Stock, 2. Centennial Coal and Coke
preferred, ts , Virginia-Carolina Chemical pre
ferred 2. Atlantic, fluif and West Indies 5 and 1
extra, Canada Southern, Hi , Michigan Central.
2, Association 0" 1 Oold and Stock Telegraph
Company. 1V4 , Kansas City Southern preferred
1, Northern Central Itallwav S. Mexican Tele
graph Company. 211 American Telegraph and
Telephone, 2i I'aclna Telegraph and Telephone
preferred, lH . Allls-Chalmers preferred SV4 .
barrett Company preferred 1 1 Central and
South American Telegraph Company, Hi 1 Lehigh
Valley. 1'4 1 Harrett Company preferred 25
paid. 48. cents, Ilarrett Company full paid,
l I West End Mining. H and ',. extra, West
End Mining first preferred, 's and extra,
Detroit Edison, 3. Ohio Fuel S 1 First National
Bank, 185, Corn Exchange.llank. 1. Mercantile
National lisnk, 2, Second National bank, 3.
1Ex rights Nova Scotia Steel, Continental.
Can. I
Total sale, 662,700. shares, compared with
9lj800 shares yesterday thus far this vterk,
,124,400 aharesi same period last week,
3,010,000 shares.
DAR SILVER
Today, Tes,
New Tork (cents) 7714 78U
London (penc).. t.H 1954
I.ast 1017
Frl. High. Low
78U 79 71H
3914 it 85 U
Advance Itumely
do rref
A1a llnbtter
Alaska Juneau
AMI rtr t tietd pf I111?.
Am neei mig pi 1111
Am iirax n a
cioprer
1.1
2ff
IH'$
Am Car ft F pf
II
IIU'.
too
116.
.11!.
H.I
lllll
mi",
114
Am Cotton 01
ao prec . ,
Am I. sprees
Am Lorn pref
Am Smelt pref
no nrri a -rn.
Am Sumatra pref 98
Am lulmiiu ll'JW
Am Woolen pref PuVi
Am Pine & I. pt Ri
Asioc I) O 1st pf .".J
Vtchton I1111S
do pref lis
Allan lllrm At I3'i
Hnldwln I.ocn pf lull
Harrett Co sub re 111
llatopllas Mining 1
ISvth Steel ..145V,
llrown Shoo . 71's
lirunewnk IIS
Cal Petro lltlj
I anadlan Tarlflr 1t.li
Cent Leath pfd..H2U
Chi ft Alton HI
Chi ft Alton pref .MK
111 ft til West lli
Chi A Ot West pf 314
Chi ft Net pref. 1111
Clueit I'hndy pf llo
Lol ti Mouth 27
dd 1st pivf 51
I'olisollil tin Orb 111-.1,
Con Oas of Hilt IIP,
I ontlneniH' i in inn
(.ont ran pref lj
Con lnt Cal Mm. 1,'i
I ontlnental lmur slt "
IWrr o pref Hit'.
Dl l.ick et 210
Den ft Itlo Dm nil n 11
l ft It ! pref 111
Detroli Kdisnn 121'.
1.O0S Wiles nts 17
l-orlllarcl p Co 201
Markay Co . . 82H
do rref . . 04.
Manhattcn Ele lUTt
Mt I'et pret Mi
Mich Cen II II
Mo K Tex 7
do pref ....... 18V
Mo Par t ot d f V MlVt
Mont Pow pref 1IJ
Nat lad .... 57
Sail L..d pr'f 11".
N Y Air llrake 143H
,v 1 I 111 ft St I. , il,
V Y ' ft St L 2d 80'i
J V Pork 16
Nor ft South . 2IV4
Norf ft West pf. 82,
North Amn 81H
Nova urotla S Ion
Ohio I uel 474
Owens Hot Mach. 01
P. 11 A l'.nst . . , ,
1' Mam prior pf ct floH
I C (' ft St I. 72'
I'ltts Coal pf Ufa 111'
Tressed Steel Car .J
do pref 10
Quicksilver . :
Djlcsllvrr pref 1J
Its Stl Spg pref 06't
Reading 2d Pi lH
M I. S K pref 2
St I, So West Si
cahoird Air l.lno l.;js
hntlrk Arl . !6T
BIOS Sheff S ft I
Pref Bj
So I' nico S .. 27
Htand Milling ml
Third A II It 2n'o
Tob Prod rref OH
1 I St I. ft W clfs in
do pref tfs l-V,
Twin City U T RJ4
I n Hag ft 1' new M
fu Hag ft Paper 11
Cnlt ( lg Pref ltn
rnlted DiowoM flSH
l-nl. Tianrr lid 2
Dill S S t Atl Uf l ,,"i ,. ' v r It
vilC tW ?"' : " c i ft p r pf Mii
'.'-.or! Vlllam. H i; BffJ'K , ,V?
Hen rt.m'cjl 2111 ' I'l 'r i,L
floodrlch pref nn J. 5 !m,p-r ,n5it
(Iranlir Min mi 1 S r.uh let pi i"Jr
(llilf ciute let rf lni. I1 K"!!J ,n,D If
Mn.mnn . 'i
li
'.
HIS
lot';
lim
IK
111.'.
70
102
nnn Cam
ii.innH r.irc
Horn, stake Mill
Interhoro pref
hit II 11 s ,N J
do prof
lnl-r llnrv Corp
do rref
Intl Nickel pref lllj
im i-apnr pret sla , J
Iowa ( enlral i",
Jewel Tea . ill',
,. do pref . un,
Ivan Cllv So pref MS
Llgxettft Mers 281
. do pref 115
Lone !sl cfs of d 4U
Va Car Chem
a iron ;.
Wells Karro Ilxn 01
W.et Ml .M Pref 30
Westing let Pt Jl
vet rnc n n ir.,
W I'll It II Pr'f ;
Wnnluorth l'JMl
do pref . 00
W heel ft L n pref 31 .
White Motor 4TJi
Wlleon Co pref 105S
Wis Central M
Worthlneton PftM Jl'
Worth PftM Pf A 07
New York Bond Sales
Hisii
M000 Allegh Valley 4s Wiij
8111111 Alneka (J iv lis Ser II 81
loom) Amer Agr den 5s Inn
21131111) Vnglo-r rem li Ss ni
300H Am I or Sk 8s I'A
1MIOII Amer smelt ft lt! r-0 mi,
.JUKI Amer Til Is ns'j
."oho Amer Tohic rti 110
-'0011 Aimr Writ Paper 5j s7
.Vluil Armour Co l'4s
loooo It-hlson 4
fiixit) Allan A Chnr 5'
is 11,1 It ft Ohio 3'ii
.1(100 ilo 5s
.'noil do 4s
loon d c 1'ia
17(1110 Ilrookljn It T la 1118
I'd
Mi,
07'.
(in1.
H71,
Ml
Ml
us1.
1000 iirookbn Un V let da tUVi
1000 Can llovt 5s lll-'ll
Uooil do ftj 1011
.Miiiii Cnnid.i South 5a
1 11011 Cent Leatlur 1st 5s
I'OOO Llica ft Ohio rv 4'iS
100(1 do 4'is
2001111 do conv ,1a
mono (.hi ft Pist 111 Is
1000 (' ft Nvvn deli ,'.s 19J1
Duo Chi Un sta 4'ts
220011 c 11 & Q JnliU 4s
loon C (' ft St I, Is
ltooil (hl (Jt West 4s . .
4000 do III ,1'ss
l(iiin C 11 ft St rfd 44 a
loon do mm ."a
50(10 do tp "a
.'loilll do cv 4ss
Bono C It I ft P rfd 4s
40000 do 5s one am
31(100 Clly of Paris IN
1000 Con Oan conv (1
jnno Culiin Am Sugar n.
1000 Cerrn d Pas. o (Is
2000 Del ft Hud conv 5a
27000 Dla Sec Corp 5
jnoi) Urlo conv la Ser A
r.Ond do onv 4s Ser f
I, .linn rrrnrn Republic
noon (!cn lllcc del. la
1(10(1 tlouaton ft Tex 4s
100(1 111 steel deb 44s
2000 Interh Met 44 s
311X10 ln(erb It T ref la
2000 Inter Mer Mir (la
28100 lip new (1 S I'as
1000 Kan Cltv So 5a
100(1 Klin ft Mich 4s
1000 I.arka Me. I ,1a lll.'l
12000 do 5a 1010
000(1 Long islind .i.a .its
inonon lirlllard la
1263800 l.lherO llomi " I 3V4
1X14
IH'a
tm' J
in,
7K4
HI',
f.S',
3J'.
lim'i
li J",
n-.',
"o
(17
Ml 4
M'i
ns4
102
01
71
7S
nt'i
ins4
ion',
mo
074
61
114
54 s os'4
I"-'4
h24
S74
Ill',
HO';
IHMj
704
s-'J
7I)'5
Oil 'J
101
HO',
Ull
Low
154
til
loo
H34
UP,
111".
usS
llli
hi
Ml',
Ml
H7',
HO
117',
Ml
Ml
IIS4
1124
IIH4
HI1,
I'i4
nn'i
7R4
8T
KH',
aj',
101V,
llj'l
li IS
70
07
Ml',,
M4
0K4
102
HI
71
744
Wls
lOhi.
ion's
inn
1174
r.i
514
n
PH
10."a
RJ4
87',
0 14
IM4
no',
7114
Rl't
TO',
!lll'i
101
Ml',
D
7000 Lvona (la . . Ill
4 1 Mo Kin ft T I'll .114
1000(1 Met Weal SI le Kl of C (114
100(1 Mo Ka.n ft T 44s . 114
soon Mo Pic 4s -.14
1000 do 5a 11121 v I 014
noon Montan i Power 4s 01'.
5000 ilo Is 'nn,
4K0O0 N Y I A II da 1014
toon do p.. 014
loon n hi ft St L 1st 4a so'i
4000 N City 4s 19V1 (114
40(10 do 44 s 1011 102',
.1000 do 44 a Nov 1017 1024
1000 N Y N II ft 11 a (17
noon v Y Tel csen 44 a 31
r.ooo Norf ft West 4s Mi
4000 Nor Tar 4s 74
1000 do gen 3 62',
2000 Oro Hv ft Nav con 4a (1(14
3000 New Orl Tex ft Mex 5a 4S4
1000 Pirlflc Tel '.3 004
loon renni eon ct 44 s . 011,
rooo Pub Ste N J 5s 87s.
1000 Pere Maro'ielte Is 714
11000 lending gen 4a no
11000 St L ft S P njt its (1(1",
800O do Ser A 4s 624
I00 0-.10 too
01
344
til',
114
r.H4
014
111 "2
fl1.
101',
K.'S
Close
034
i.l
loo
134
1144
1)14
o4
ltd
M
no
Ml
in'.
no
1-4
Ml
. I
lid4
1)24
0(14
l'1,
il)4
lili.
7S4
RT.
ss',
3J4
100',
I'-",
Oils
70
(17
M4
M44
(is',
102
01
744
II 14
10S4
1004
HID
1174
61
514
OS
OH',
1024
R24
R74
1114
1114
no',
70','
"',
74
ni
101
SO',
on
100
ni
344
in',
314
10 4
1114
m,
014
1014
np?
wo-;
II", .'!(
'114 ni'i
ln.'tt 1024
to v 1024
tooo Soulh Hell la
i-.ono south Pac rv 5s
nnnnn r r'd 4a
2000 South Ttwy 4s
nooo do la
2000 Texas Co cv 6a
1000 Third Ave 4s .
soon d ndl Is
1000 11 S S ft 11 6a
6000 It S Monltv Is . .
30100 If S Rubber Ts
Ijoon tr s steel S I" Is
Mion tfnlon Pac 4s .
moo do rfd 4
2000 V K of O It ft I 5s
12000 do 14s mis
moo ilo 14 s llin
Riono do 14s n 1010
7000 do ",1-a 1021
4000 IVest Md 1st 4a
5000 West Shoro 4s
117
11
R'l
R7
62,
6114
4R4
'1114
mv,
S74
714
no
614
r,2'2
61",
n'2
ns,
14
rn4
07
101
60
III
1HV,
VI
R1',
lot
((2
RHi
n72
ni".
Ii64
nn,
ni
70
R34
07
31
Ml
R7
62',
664
4R'J
064
(114
R74
714
no
mi'i
624
614
no',
nn4
1H
664
117 K
101
6(1
40
1014
50
R1',
lot
02
Rill
07'!
nm,
004
nti'i
ni
70
R3'i
vc$.
t aaisaaiiii
Tolnl antes, $3 611,0110, compared llli S3. 433,.
000 je.trrilui tints fir tlila ueek, SI3,41t,000
simei lierlixl liat eel(, S7.418.000.
LONDON STOCK MARKET
Americans Weaker Argentine Rails
React From Top
LONDON, Jnno 29 Feeling nn the Stock
I'xchnnge continued cheerful and confident
although business was slow In anticipation
of the extended week-end holiday The ex
change ii 111 remnln closed until next Tues
day morning
A good Inveatmcnt dem.tnd for specialties
Is Impending, stimulated bv largo arrange
ments for the half year Tho gilt-edged
section, vthilo quiet, was firmer
Americans were weaker and Canadian
Pacifies were affected In svmpathy Orand
Trunks were dull on a decrease of (115,000
ln tho net earnings of the road Iri May
In spite of hulng for South American
nccount. Argentine rails reached from the
top Home lines were narrow, but steady
Allied bonds wcro hard and showed a dis
position to Improve further The redemp
tion of another block of 500,000 Japanese
4'4 was announced Rubbers were quiet
Stocks of the staple Increased 85S tons for
the week Mines were dull Oils were
maintained Shipping shares were good
NEW YORK COFFEE MARKET
NEW YORK. June 29 The market for
coffee futures opened quiet today, unchanged
to an advance of 1 point. Sales on the call
amounted to 760 bags.
Yea
Open Hlah Low Close close
July 7 40 7 48 7 41 7 41 7.41
September 7 60 7,03 7 00 7 61 7 64
October 7 61 . . 7 68 7 68
December 7 70 7.77 7 74 7.76 7.75
March 7 no 7 00 7 00 7.01 7 RO
May . . ... 7 98 8 01 7.08
Sugar Futures Firm
NEW YORK, June 29. The sugar future
market opened firm today, 2 to 5 points
higher, with sales on tbe call amounting to
2560 tons. The strength recently developed
in raw and refined sugar brought In a fair
amount of outside speculation and the early
buyers were broken with Wall street con
nections. The offerings came from scattered
trade sources.
LIGHT TRADING AND LOWER PRICES
RULE IN THE DAY'S LOCAL MARKET
Cramp Shipbuilding Stock Falls 5 Points Lack of Incojn
Account in Annual Report Causes Comment. '
Money Is Working Easier
Incentives for brisk trading on the Phila
delphia Stock Uxchange were lacking today,
and consequently the turnover In stocks
throughout tho whole day's session was
small For tho most part the changes In
quotations were small and on the side of
declines The widest movement took place
In Cramp Shipbuilding, which lost 5 points,
selling at 82 This loaa is brought about
on tho sale of thirty shares.
Considerable tnlU wah ,nard In the Street
today over the fart that Cramp Shipbuild
ing did not give an Income account In the
annual report which was submitted to tho
stockholders nt the annual meeting jea
terdav Pallum to Include the earnings,
or to give any reason whv thev were not
Included In the report, occasioned much com
ment among those wan arc uiteicHted in
the company's affairs
A story was carried by nne of the news
services to tho effect that the rompani
has 125,000,000 In unfilled orders on the
books In Mimo qunrters It was thought
that tho reason for not giving the Imomr
nccount was bcr.iuso of the large nmount
of Government business now nn hand Still.
In the minds of thoan ulio spoke of the sub
ject todnv. It was thought that tho stock
holders were entitled to know the earnings
In common with New York, money was
easier In Philadelphia today, While th' , t
per cent rate oh call money was held to, '
the opinion was advanced that this ratN
would be reduced to E per cent after th
fourth of July, when a larger supply ot
money Is expected to be on hand. The rat
on call funds was boosted to 6 per cent on .
Tuesday. ,
Tho Ruffalo and Susquehanna earning
for May and five months made the same
showing that railroad and utility companies)
In common aro exhibiting, namely, that the
heavy Increase In costs of operation ara
cutting Into the net earnings. White tha
gross for the month rose (34,192 to (162,742,
the net rose only (14,060 to (32,608, tha
opening expenses making up the difference
between these Items. Tor five months tha
gioss wns (672,888, a decrease of (13,152,
and the net for the same period fell oft
(63,378 to (92,247.
To get back to the stock market Mora
activity waa seen In the railroad shares,
principally Pennsylvania and .Heading Both
were lower as compared with the close of
jesterday It was In United States Steel
common that the majority of the trading
took place, and at that It was much smaller
thnn yesterday Philadelphia Rapid Tran
sit trust certificates did not appear until
lato tn the day, and then there was a small
loss.
Sales in Philadelphia
40 Am Stores
10 Am Gas
20 Raid Loco
.13 B & S t o
17 do pref .
200 Crucible St
3 Cam Iron
31 Ins Co N A
10 Key Tel Co
4 Ken Cop
160 Lk Sup Cor
39 Leh Nav. .
ll'I.oh Val .
100 leh Val Tr
27 Mlnehlll .
1033 Penna R R
10 Thlla Co
5 do cum pt
101 Phlla i:iec.
210 Ph R T t c
ion Phlla Trnc
510 Reading
30 Tono Pel
21 I'nlon Trac
150 Cnl Gas 1 '
0380 l S Steel 1
6 Wcatmor C
30 Win Cramp
Es dlvldond
Net
Hlah Low Close clue
314 35V4 SHi
im, llSli 1l3i M
7IV 7 IVi 11 Mi "i
34 ,i .1(i S4'i ..
50 50 50
K7H R7 R7 K,
43 45 43
2.1 21 2.1 "4
13 13 13
4H 447. 417, ..
lOVi 10'i lOVi ..
7714 17Vi 17M, .
01 Vi 6 IVi 64 V Vi
23V4 22Vi 22Vs 7s
56Vi 567, 6671
53 537a 63
33 33 33
3S'5 3n 38"i V,
30 297a. 29'a Va
20. 297i 20 Vi
76 76 76
064 01V4 9674 V4
4 4 i r
12 42 42 74
77a, 17V4 74
13074 1217i 120'6 1
70 76 76
S3 82 R3 3
Local Bid and Asked
Total sales. 6171 elnrea. compared with 11.0
ehorea jealerdiv: tlma far thla week. 32.399
slnreai aume period Inat vieek, .10,336 elinrea.
Close
N.I
ihge.
IHIMIS
HlKll Lou
(3000 Am Oas &
Klec 5s 02 03 03
700 Cltv 4s '43 10071 10071 10071 74
200 do 1941 10071 10071 10071 ..
1000 Lehigh Val
Coal 6s 10274 10374 10374
600 Liberty
Hond w 1 100 100 100
1000 Penna Co
temp ctfs
4 4s . 01 047'a 947s VA
1000 Thlla Co
cons 6s 00 00 00
4000 Phlli Hlec
1st Bs.-.tOO?! 10074 10071 Vi
6000 Reading gn
4s . ..90 00 00 I
2000 Rcad-Jer
Cent 1s 01 01 01
Totil aalea, $10,300, compared with S50.60O
sratrrdtM thlla far tlila wrek, $103,0001 same
period lust week, S13R.100.
RAILROAD EARNINGS
CUI1A RAILROAD
1017 Dec.
April RMS (.121114 1257 016
Net 2111147 J1&3J4
Surplus 107rt21 Jrt', 0IU
Ten months' cross r.OR'.'dlS 477,001
Net 1 401 S41 1 447.0s
Surplus 49.1781 1,558,037
American Stores ..
Ilrlll JO
Huff A. Susq t c ,
do pref t c
llildttln
Klectrlc Storage .
General Asphalt .. .
do pref
Kejetono Telephone.
do t c
Lake Superior Corp
l.ehlirh Navigation
l.chlah Valley
Lehlch Valley Tr.. .,
do pref , , ,
Pennsjlvanla
i'hlln Hlectrle .. .,
I'hlla Company . .,
do ,1 per cent pref
do 0 per cent pref
Phlla Itap Tran t c...
Heading
Tonopah llelmont . .
Tonopah Mining .
Union Traction .
Cnlted (las Impvt
t'nlted Slates Steel
York Railway
do pref
Wm Cramp A Sons
Mix dividend
Today
Hid. Ask
Yesterday
Did. Ask.
an 3(l'-i 3D 3SH
27 ail 2N 211 b
54 55i 51', 36
40", 5(1 111 13
71', 71 7(1 70tf
KI 112 00 (U
211 .'2 2(1 22
50 III 50 (II
11 11H 13 13H
112 OS 02 08
in1, ni", in, tn
77U 78' 70 777$
(14U ins mi un'i
3 " ojtt
42. 4J4 42 42
52 63 537, 63H
2II1, 3D 211 30
33 33H 33 3371
32 31 32 , S3
s4 anvt so'i snvi
20, 20JI 297, 30
DH'4 l Ull UK II
474 4 4V, 4
ii'J , nvt 6
42, 4274 42 43
77V4 78 7R1J 78H
120'iaI39K 12nti 129H
14 11i 14'i
36', 3774 37 37
82 S3 82 81H
JAPAN GETS BIGGEST
SHIPMENT OF U. S. GOLD
Withdrawal of $6,698,000 Today Adda
to Payment of Merchandise
From That Country
NHW TORK. June 29 Withdrawals of
gold from the Subtreasury today for ex
port so for aggregated (7 1SS.000 Of this
amount, (6,698,000 was to San Francisco
for shipment to Japan This was tho
largest shipment for Japan on any single
day on record The remaining (490,000
was for Spiln
Today's gold exports bring the total for
the week so far up to (12,100,000 Of this
amount about (9.600 000 Is for Japan.
The cxportB of gold to that country .have
been In progress at Intervals for several
months They are due to the fact that the
balance of trade between this country and
Japan Is largely In favor of the last men
tioned owing to our heavy purchases of
a great larlety of articles, mainly of cheaper
grades, from Japan, which nere formerly
bought from Germany
Sugar Advanced to 8 Cents
NEW YORK, June 2D. Hard sugar con.
tlnues firm The American Sugar Refining
Company quotes line granulated unchanged
at 7 60c The Federal and Warner Sugar
Refining Companies quoted at 8c. B. H.
Howell, Son & Co and Arhuckle Brothers
ore out of tho market The last sale In spot
Cuban raws was at 6,40c.
July Coupons
Big Four Railway Equ!pioi5T "I f
Cardiff Coal Company Fir8t " f," 15
Central of Georgia, T, , Jgf Se
Delaware River Steel Company First Mortcace 6's
Den ver & Salt Lake, Equip,-, B ?,rl Se-
Ebcnsburg Coal Company, First Irr&ace 20
Evansville & Southern Indiana Trac. Co., .ao". vV'"
Harlan & Hollingsworth Corporation, . . . .6 Debentures
Illinois Central E"3i,',, r!ls Se-
Indiana Harbor Belt Railroad Zruiv- Trust of 1916
Kelso Smokeless Coal Company, Firat .Irort6t',ace 20
Lake Erie & Western Railroad EiuiP-Tift",1,0' 1917
Market Street Elevated Passenger Ry Equipv jj, Se-
New Jersey Gas Company, Fir9t rrrt5s:e 3
Norfolk Southern Etui1v AT,r, Se-
Pennsylvania Coal & Coke Company, . . . .Flrsl y?rtB'l;w 30
Pennsylvania Lighting Company sinWiiK Fundus"
Old Ben Coal Corporation, First Mortcace 6's
Philadelphia Rapid Transit E"uv A ," Se-
Radnor School District, 3s
Roanoke Water Works Company First troraat:e 20
Schuylkill Valley 111. Company First ror,6e,3C8 30
Sun Shipbuilding Company Fir6t Mortcace Se.
Toledo & Ohio Central Equlpi9l7Tte f
Vicksburg Gas Company Fit g ." 20
West End Colliery Company Coll. Truit 6's
i
The above coupons are payable at this
office on and after July 2, 1917.
Commercial Trust Company
City Hall Square
.."
, re
A
Amt vvi
Br 1 Is 1 1 w
:
7.
t
w&W M