EVWtlNQ LEDGER-PHILADELPHIA, SATURDAY, JUNE 30, 1917
'13
TAX FREE
Ik ISSUED L
R" UNITED STATES
I LIBERTY LOAN 3,t
I CITY OF PHILADELPHIA
LAKE SHORE
AND
MICHIGAN SOUTHERN RAILWAY
25 YEAR 4t
1931
EDISON ELECTRIC COMPANY
(LANCASTER, PA.)
FIRST & REFUNDING Si
1941
REILLY, BROCK & CO.
BANKERS
306 CHESTNUT ST.
rUILADKLfUIA
The Barrett Company (N. J.)
Speoial Notice Regarding
Exchange of Certificates
. On and after July 2d. 1017. Full
Paid Huoecrlptlon Receipts of both
Common nd Preferred Block of thin
Company will b exchangeable for
permanent engraved certificates of
stock. Full Paid Subscription Re
ceipts to be deposited with the
RKOI8TRAR AND TRANSFER
COMPANY. 120 Ilroadway. NEW
YORK C1TT.
Ine terms of said subscriptions
provide that the holder of partial
paid receipts have the privilege of
paying In full on any partial pay
ment date. If auch payment Is
made on or before July 2d, 1017, on
the Common Htock, and July 10th,
1817, on the Preferred Stock, Full
Paid Subscription Itecelpts will be
Issued. being exchangeable for
permanent engraved certificates.
Payment to be made at the office
of The Uarrett Company, 17 Bat
tery Place, New York City.
No endorsement Is required where
stock Is Issued In the same name as
that appearing; on the Subscription
Receipt. If, however, stock Is to be
Issued In any name other than that
evidenced by subscription reoelpt the
latter must have the usual endorse
ment; be dated and witnessed and
have attached thereto properly can
celed transfer tax stamps as re
quired by law.
Fractional parts of shares will be
Issued In the form of Scrip. As no
dividends or Interest are payable
upon Scrip Certificates, It will be
necessary, In order to participate In
future dividend distributions, to
purchase additional scrip aggregat
ing the par value of MOO or mul
tiples thereof, and have same ex
changed for full share certificates.
THE BARRETT COMPANY (N. J.)
E. J. STEER,
Secretary and Treasurer.
Fftm from Penna. Stat Tax
Luzerne County
Gas & Elec. Co.
First Mtge. 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 $23,000 of
underlying lien on a part of
the property.
Franchises under which the
Company operates are per
petual. As of 1910 census, popu
lation served approximately
134,000.
The American Gas Co.
owns all the stock of the
Luzerne County Gas &
Electric Co.
Price upon application.
f
William P. Bonbright & Co., Inc
UORRIS WI8TAR STROUD. Jr.
Manager
437 Chestnut St., Philadelphia
New Tork Boston Chicago Detroit
London Farls
William P. Bonbright & Co. Bonbright A Co.
$3? M2&NYthC.
AUTOMOBILE BANKERS
Offer special facilities for in
dividuals or automobile deal
ers to finance the acquirement
of pleasure cars, for business
houses to finance the acquire
ment of commercial cars or
trucks. If you are thinking of
purchasing a car of any kind
for any purpose the FINNEY
SYSTEM will make a better
business transaction for you.
REAL
ESTATE TRUST DUILDINQ
PHILADELPHIA
r
Charles J. Bender & Co.
INVESTMENT BOND!
Members Philadelphia Stock Excnanss
NORTH AMERICAN BLDG.
.DIRECTORY OV ACCOUNTANTS
BURNS A SPBAKUAN
tub Dounao
DIVIDENDS DECLARED
Indian Refining Company, 614 per cent on the
cumulative preferred stock, payable July 23 to
stock of record July 7.
Public Service Company of Northern Illinois,
regular quarterly of 1H per cent on the prefer
red stock and 1 per cent on the common
stock, both payable August 1 to stock of record
July 14.
Nevada-California Corporation, 11. SO a share
en the outstanding preferred stock, payable
July SO -to stock of record June 30, covering the
accumulated dividend on the preferred stock to'
July l.
Kentucky Secrultles Company, regular quar
terly of IV4 per cent on the preferred atock,
' wil"' ,u,v 1 o stockholders o record Ju'v 6
Philadelphia, and Grays Ferry Passenger Rail
"y company, semiannual dividend Of t2 per
snare, pavable July 7 to stockholders or rec-'
d June SO.
ureen and Coatea Street Philadelphia Fasten.
'Railway Company, quarterly dividend of
00 per share, payable July 7 ta stockholders
f record June 22.
LIVE STOCK QUOTATIONS
CHICAGO, June SO. HOGS Receipts, SOOOi
"isrkit So loweri mlied and butchers', 114.80
W1B.78; ( heavy, fl4.9001S.eot rough
nKft. eU.M014.85j light, J1401S.25; 'pigs.
,1J.?ii00i bu'k. 814.S0O 16.40.
. CATTLB Receipts, 1B00: market weak:
?yea, $8.70018.83; cows and heifers. I8.10W
22.80s stockers and feeders. $7.70010.15;
TK?ii.i10TBOt2-oOi cslves. I1S.7S018.25,
BHEEP Receipts. 7000! market 25e lowert
17(0 n1 weatern l8.B0Oll.23i lambs, 1120
Thomas Iron Resumes Dividends
BARTTIW T..-. 4A m.- IPhAma.
"" Company has declared a dividend of
DSr CAnt .. tl. !., .1 n,An(t,a Ttt
L. 7 - Vfc MO Hl nl IIIVIHtlD. .,
, M the' rate of ll a share. The com
IK? v declared a dividend sines
i '
-1INANCIAL NEWS
STOCKS SOON RECOVER LOSRl.R
CAUSED BY R.RJRATE DECISION
Sme andHvteSt Sel!e!:s"at StartBuy Back Their Shares
and Vigorous Advances Are Recorded-Steel
nuustnais Show
High Points in Todays Financial News
Stocks
Commerce Commsfon rdtt ZiZ? T'rdtdat start when Interstate
Curb Market was quiet, andstocl, Z ,1m Tt ' ?'" " bearish factor.
Steel authorities reported Jhtu ZnZllJed"nd showed rallying tendency,
jmeesto be paid. V"J Yor) bLl&ngi90VutrnmJ'itB rents and
except average demand denosit FuJn em'hted increases in all items
of foreign exchange mafLt r er defllW to, low records wa n
Cotton ended irreglla, oMfe,U'" -deC lined' W,hcat Pit VuUt.
Send trading dropped n Atfnrf&" "f -ft"1 n(,rf8 new M rd.
' sale of lAberty Bond. nl i?AM S'0cfc al"( "W ''" owfnff
Lonrfon. V 8, or 8l,,cr wa ncfcai(ed m New KorA: and
The stnrV mo-i. . NEW YOItK, Juno 30.
Commerce Commhln 17, T" Un"ett,ed by lho rl,,lnff ot tho lnte"tn"
moUlflera, of ,h. r, B ratC artVanCM t0 ,h WOa,crn ronds flnd mnkln
M-as conrtE . ,? nd,vnnces " ,h trn roads. At first this ruling
wore offered a c0 ! " '"nUenCe "nd '" U,e C8rly ,ra51nB s,ock"
greatest lo,, 1 ,h ,n" ."" r0Und the r"om' w,lh St- Paul -ecordlnB the
minute" ?" '" ,h ra"road 8rouP- drPP'" 6 points to 71. Within a few
adthen Z, J l nPPnront lhat ,hcre WM 00 buying In the market.
"ewl .tartT, k .8e, W" "Rd be0" Bmons the lleavlest sol,er8 nt th0 '
levels started to buy back their stocks.
nonJn m "u " v'BOroUs "Pwari1 movement during tho remainder of the fore
noon on which many MUea were carrlent above yesterday's final prices, and
1?.",,' disturbing market feature was concerned, the rate ruling was a
closed incident after the first five minutes. It did not take long for St. Paul
to rally 2 points to 73. ITnlon Pacific, which sold down 1 point to 134, more
than recovered its loss, and New York Central, after dropping 2 points to 89,
also completely recovered Its loss within a short period.
The steel Industrials all showed pronounced strength, with Crucible Steel
the most prominent featuro of this group, moving from 87 to 91. Bethlehem
Steel "B." after selling at 138. moved to 142, and Industrial Alcohol, which
sold down to 155W, had ti vigorous advance to 1C0H. United States Steel
common sold down In the early trading to 129-i. but before the end of tho
forenoon was up to 131. making the fractional net gain.
There was little featuro In the trading In tho bond market, nearly all tho
Interest continuing to be concentrated In the Liberty Bond loan, which was
again traded In on a large scalo at and a shado above par. Missouri Pacific
4s sold at 59, Rock Island 6s at 73.
RALLYING TENDENCY IS SHOWN BY MOST
CURB STOCKS IN WHICH DECLINES OCCUR
NEW YOnK, Juno 30.
Tho Curb Market was comparatively quiet today in view of the violent
fluctuations on the Stock Exchange, but the tone" was generally steady and
a rallying tendency was shown In nearly nil the stocks In which declines
occurred. To a great cxtont, prices continued to range within the limits
marked on each preceding day of the week, and this narrowness made fluctua
tions of little Importance.
Curtlss Aeroplane, ranged from 39 to 38'i and Wright-Martin sold at
9 to 9. Chevrolet, after selling to 96, advanced to 99, and United Motor
was traded in at 27 to 26-
Ohio Cities Gas, whon Issued, was traded in at 68 to 68. American Inter
national Corporation continued In good demand, advancing 1 point to 67, and
Magma Copper moved up to 47. Aetna Explosives sold at 4i to 4.
INDUSTRIALS
Rid.
Air Reduction 86
American Stores S3
Aetna Explosives 4V4
American-British Mfg... 7
American Marconi t
American Writing Paper. 3
Canadian Car Co so
Can Car & Fdy pref .... 70
Charcoal Iron 14
Yes. close.
Asked. (Sale)
87 85
87
4V4
12
S'Tk
4
36
76
0
00
85
S8H
12
105
0',
4
Chevrolet Motors
Cramp
Curtlss Airplane ....
Carwen Tool
Carbon Steel
EmerBon Phonograph
.. 08
.. 80
.. S8U
.. 11
. .100
08
38V
12
104
6
Eastern Aniline
Federal Dye 40
Hcndeo Manufacturing . . 27 82
Kathodlon Bronze pref . . IV4 V4 ..
Lake Torpedo Boat .... 1 Y
Lehigh Coal Sales 75 80
Lima Locomotive 54 57
Maxim Munitions Z V
Marlln Arms 05 100
New York Shipbuilding .. 44 47tt ..
North Amer Paper Pulp. 5 8Vi 5
Otis Elevator 85 80
Peerless Motor 1 18
Poole Englno 70 80
Bedden Truck 18 10
Santa Cecilia o
Santa Cecilia pref 55 80
Scrlpps-Booth 2 40
S S Kresgo w 1 10 II
Standard Motors 1 1 1
Steel Alloys 4
Submarine 31 V4 32 . 32
St Joseph Lead 18V4 1
Triangle Film 9i 'M
United Profit Sharing ... Vi ft
United States Steamship. 4 Y -4V4
United Motors 7 27V4 i1
United Sugar 86 304 ..
World's Film "Si
Wright-Martin Air 9 OV4 9
Zinc Concent V4 S
8TANDAKD Oil. STOCKS
Illinois 08 212
nhln 387 342
Prairie Pipe "
Stand OH of California.. 258 262
Stand Oil of New Jersey.580 500
Stand Oil of New York. .280 285
INDEPENDENT Oil. STOCKS
273
Barnett Oil & Gas x x y .
12V
12
10
IV
13Va
22
28 Vi
12
12
091
BVfc
13
25Vi
UOBUen uu
Cosden & Co 1
Elk Basin .'. y
Federal Oil
Inter Petrol '. IS
Houston Oil o
Merrltt Oil
New York Bond Sales
High
$1000 Amer Agr deb 5s... 0
28000 Anglo-French 6s .... VSV,
38000 Am Foreign Seo Bs . 05
Xmiiiii Amer Smelt fc Hef 8s BITi
8000 Amer Tel dt 4s....
12300 do Bs
2000 Amer Writ Paper Bs
1000 Atchison 4s . .
0000 Ualt ft Ohio cv 4V4
200O Brooklyn R T Ss
8000 do Bs 1918 ij
2000 Can Govt Ba 1021..
HMn p.nt slather 1st us.
87 Vi
86
89
89
011
08V
88H
UHVi
26000 Ches ft Ohio cony Bs. . 88
6000- CM U Q Joint 4s. . 3
4000 CM M St P ov 414 s 00
B000 do gen 4Vis ; ,
1000 Chi R I ft ' ffd 4s.. 71
17000 City of Paris Bs .....
B00O Cumberland Tel Bs. . 8
2000 CM Rwy 6a .... . . A
2000 Erie conv 4s8sr A.. 63
200O do 4. ser ....- -
..ffi w,a.S" Republic BVi.: 9!
j m
"K::::1
8000 Inter R T ref $.... 93H
8H
99
71H
90
90
sy; ;:"' .v r : a. 71V4 7n
ffi8.6,:8::- ?sa
w ""-"-rri v. toT tin 80
80
i-JSOThvSS iBuwSS'
ov... ,., null.
i..i,t ivot i tihss nil
i000NYCHud4Vis...
4000 N IK1I II 8s....
1000 N Y Rwy Bs...
2000 N Y Tel gen 4V4s....
B000 Ore Ry N con 4s,.
4000 Pacific Cas Ss ......
12000 Penna gen ct 4Vis...
2000 Pare Marquette Cs,.
01S
06
2K
04
8i
87
87
94
91
28
94
tt
BT
101H 101J4
200O I'enn i urn..
6000 Reading ....m.t jyu
0000 Repub CubVBs 1904.. 98
000 St I- ft 8 FHer A .... JJV
11000 South Pac cy 4s ..... 8J.
VU BV
11000 South Pac cy
85 1
jtooo d r'a es ...
7000 South Pso cy Bs
. 98
. 97
. 85
nnn nnth Ilwy 6s.
12000 U 8 Rubber6s.,
niAAn .T U a,l H V AS.....104
000 U B Steel Corp 8s... .108
8000 Un Rwys 8 r 4s.... J4
28000 U Ko( Q D ft I fs... 97
17OO0 do BVis 1918. .T.... 9ft
2000 do 6s 1919....... 96
31000 do BMs new 1919... 99
8000 do BUs 1921 95
Total ssles. US.O0O, compared wit S,Sj-
yssafyi m far tjk.week.. 16,77t
Low Close
00 90
08H 03
4H 95
01 91
H7H HTA
H8V4 98Vi
88 88
80 80
8HU 88H
91 01
08S U8H
98H 98H
09 90
87V. 88..
D5S 80
S 71U 1!
t 78U 73V,
98H DJ?
82Vi 2fi
RSVi 63H
B4 64
(IT 117
Wft
91H
96 ,
26
02
87
87 T
BS 94
80 89
lOlVi
90
82 H 02
81 82
07 07
2 83 8.1
U 104 104U
10S 103
34 84
II 07 , 07.,
K OSU 99
96 96
99 90
il 9Br. 90 rV
Pronounced, Strength
INDEPENDENT Oil, STOCKS Continued
Yes. close.
Hid. Asked. (Sale)
Midwest Refining 138 135
76
1
Met Petrol l
Ohio Fuel 18
Oklahoma Refining 0
Rice Oil rt
Sapulpa Refining 0
Sequoyah 1V4
Sinclair 25
United West Oils
MINING STOCKS
Alaska Standard SO
Atlanta 10
Big Ledgo 2
BlBbee Copper (a pros) . . Vi
Butte Copper & Zinc .... 0
Butto New York 1V4
1
20
low,
V4
10K,
iy
28
li
10'.
10
25
36
11
2Vi
V4
10Vi
li
1
2Va
1
3
7
52
23
16
IV
0
fi
12
1ft
87
33
1
52
47
35
10
10
ift
It's
1
2H
n
81
Cal & Jerome IV4
Con Ariz 2Vfc
Emma Consolidated .... II
First National 2V4
Ooldfleld Merger 6
Goldfleld Cons 40
Ooldfleld Florence 18
Goldfleld Kewanas IS
Green Monster I
Hecla Mining 8
Howe Sound BV4
Independence Lead .... 10
Jerome Verde 1 V4
Jim Butler 84
Jumbo Extension 30
Magnate Copper Ti
McKlnley-Darragh 48
Magma Copper 44
Mother Lode 26
Mines Co of America. .. . 1
Nevada IIIUs 23
Nevada Wonder 1V4
Nlptsslng 7V
Ohio Copper A
Ray Hercules 3
Stewart ,
San Toy 15
Tonopah Extension 2V4
United Verde S7V4
West End Con 68
White Oaks 3
White Caps 1
Yerlngton 29 ,
BONDS
Atlanta Charlotte 6s.... 07
Bethlehem 6s B8Vi
Cosden Oil Cs 90
Cosden & Co 6s 98
Cudahy 6s 06
Erlo 6s 064
Russian Government 6 Vis 70
Russian Government 6V4s 82
Southern Railway 6s.... 07
Sinclair OH 6s 03
Todd Shipbuilding 6s 101
N Y Cities 4B 102Vi
83
32
1
50
28
27
27
1
28
1
7
4
11-32
17
2
38
72
lVs
'if.
70
31
SO
08
os
102
100
90
07V4
72
84
97V4
05
103
I02i
8 y,
NEW YORK COFFEE MARKET
NEW YORK, June 30. The coffee mar
ket opened 2 points lower to 6 points high
er. There was no Improvement noted In
the local Bpot market, and prices continue
irregular with a declining tendency.
The present situation Is weak, because the
Interests are well supplied with coffee and
the visible supply Is larger. An Important
feature Is that the new crop finds Brazil
without the usual large sales for forward
shipment owing to the uncertain shipping
-Conditions which have held back offers for
future delivery.
Yester
Open. High. Low Close, day.
7.44 7.47 7.47 7.48 7.45
7.60 7.68 7.67 7.00 7.64
7.85 7.7.1 7.(18
7.85 7.80 7.82 7.711 7.76
7.80 7.87 7 81
8.07 8.10 8.07 8.07 8.01
July
September
October .
December
January .
May
LOCAL MINING STOCKS
TONOPAH STOCKS
Rid.
Ask.
.21
.12
.12
.28
.12
.21
MacNamara
Midway .....
Mlxpah Ext .
Montana
Nor Star
Rescue Eula
.19
.11
.10
.20
.10
.19
OOLDFIELD STOCKS
Rlue Dull . .
Rooth .....
Comb Ftac ,
Dlamf D U..
Daisy
Oro
Sand Ken ..
Silver Pick .
Arli United
Nevada Hill
Tecopa Mln .
.01
.06
.04
.02
.03
.01
.02
.10
.27
.28
.23
.02
.08
.00
.OS
.04
.02
.04
.11
,80
.28
.28
MISCELLANEOUS
BAR SILVER
List
IflIT
roaar. Tea. Bat. High. Low.
SS3 J2J? J8J7 ss ah
London (pence)..
New York (cents)
t ( ( ( n f B7B (V
71
Extra for Miami Copper
NEW YORK, June 30. The Miami Cop
per Company has declared an extra dividend
of 1 a ahare, In addition to a quarterly
dividend of 11.10 a share, payable August
IS to stock of record August 1, TW In
la nun ;vsls.oalM.Q,
New York Stock Sales
Net
High, Low. Close, chge.
Advance numely. 1554 1SV4 lV4 V4
Allls-Chalmcrs Co 30V4 28 V4 30V4 - IV4
Am Beet Sugar .. 0SVi OSVi OSVi 14
Am Con 4H 4,8a; 49V4 )
do Pref 10s 101T4 105 t
Am Car & Fdy Co. 78Vi 76 7Vi W
Am Hide & Loath 14 14 11
Am Ice See 25 25 25
Am Linseed 24 24 24 vfc
Am Locomotlvo .. 72 oa4 71 !',
Am Malt 12 11 1104 11,
do pref 66 64a; 5V4 1't
Am Smelting io7i loovi I07
do pref iisth IIS Yd llSTfc Vi
Am Steel Fdry... 72Vi 72V4 72V4 )'
Am Sum Tob Co. 40 .30 30 -f "X,
Am Sugar 120V4 It04 120 1
Am Tel & Tel !20Vi IJOVi UOVi Vi
Am Tobao pref n.10174 101 101 74
Am Writ Pap pref 41 41 41 V4
Am Zinc & 1 sja4 si asij, i
Anaconda 81 80V4 80T4 !4
Atchison looVi loo too
do pref 05V4 0.1 03V4 2V4
Atlan Coast Lino, .loov 108 108 1 ,
Allan Gulf & W 1.100V4 105 I00V4 "
Bald Loco, Co 73 704 73 1V4
Balto & Ohio. ... 72Vi 71 72Vi V4
Heth Steel B . ..14Vi 138 I41V4 "i
Canadian Pacific .150 158V4 158
Col Packing Co . . 38V4 88 38 H ',4
Central Leather .. OSVi 03i 08i 1
Chandler Motors. . 79 70 70 1
Chesa & Ohio ... 81 80V4 61
Chi Great West pf 33 33 33 1V4
Chic M & St V ... 73i)4 71 73 3
do prof UOVi 110V4 1I0V4 V4
Chlo R I & Pac w I SflVi 35 30VI
do full paid . 07 oovi 07 14
do f. p c pf w I. 60 68V4 60 ..
do 7 p o pf w I. 70V4 77V4 70 "V4
Chill Copper 21V4 21 2IV4 Vi
Col Fuel & Iron. 58 Vi V4 63 Vi 1
Col Gas & Elec 42 41V4 41
Cont Can io3V' 10? I03'4 li
Corn Products ... 32 31 S2V4 Vi
do pref 108 I05H loo )- "4
Crucible Steel ... 0IV4 87 00V4 iVi
do pref 103 103 I03
Cuba Cane Sugur. 43Vi 42 43 V4
do pref 00V4 00V4 00V4 .
Del & Hudson 112 110 112 1
Distillers Sec 22 22Vi 22Vi
Erie 23 25 28
do 1st pref .... 38 38 38 1
do 2d pref .... 29 29 20 Vi
General Motors ..U8V4 115 118 2V4
Goodrich, B F ... 47",i 47 47 Hi
do pref 104Vi 104Vi 104Vi ")i
Gt North pref ...106 100 106 Ti
Gt Nor Oro subs. . 32 31 82 Vi V4
Greene Can Cop. 40 40 40
Int Agrlcul pref.. 55V4 05V4 55V4 Vi
Inspiration Cop .. 02 61 02 -f- V4
Inter-Cons Corp ..10 10 10 Vi
Int Mer Marino . . 27 27 27 . .
do prof 82 81 83 Vi
Internat Paper .. 34V4 33V4 34
Int Nickel 39V4 SUVA 30 Vi
Kansas City South 21V4 21 2IV4 I
Kennecott Copper 45 44 45
Lncka Steel ' 07 95 07
Lehigh Vnlley ... 63 02 Vi 02 Vi 2
Max Motor 47 47 47 -fc
do 2d pr 30V4 30V4 30 ..
Mex Petrol 06 01 OflVi 1
Miami Con Cop.. 4IVi 40 4 1 Vi
Mldvale Steel OSVi 62 :t
Mo Knn & Tex . . 6 n 6 1
Mo Pac w 1 31 20Vi 30 Tb
Mont Power 05 03 95
National Acme... 34V4 34 34
Nat Con & Cable. . 34 34 34 Vi
Nat Enam & Stpd 39 30 30
N Y Air Brake.. 145 145 145 1
New York Cent . . 01 80 00
N Y, N II & II . . 37 36 37 IVi
N Y Ont & West. . 22 22 22
Norf & West 123 122 122
Northern Pacific. .101 100 101 1
Ohio Gas 120 123 120 2
do rts 07 65 07
Owens Bot 01 01 Dl
Penna It B 52 52 52
Pere Marq pr pf ct 3 63 63 3
Phlll Co 35 34 34 -f
Pitts .fc West 34 33 33 Vi
do pref 04 64 04
Pitts Coal ctfa . . . 55 64 55
do pref cts 118 118 118
Pierco-Arrow pf. . 07 07 07
Ry Steel Spring.. 64 54 64
Ray Con Copper. 20 28 28 ..
Reading 05 04 05 I
Rep Irof. & Steel. 93 01 92 1
do pref 102 102 102
Royal Dutch .... 03 03 63 Vi
Saxon Motors ... 18 17 18 4-1
St L S F 18 18 18
Sinclair Oil 44 41 44 2
Seaboard Air Line 13 13 13 . .
South Pac 03 92 93
So Por Rio Sug rts 0 0 0 . .
South R It 27 20 2614 1
do pref 53 55 55 I
Superior Steel 51 50 50 ..
Studobakc,r 67 OSVi 7
Stutz Motors 38 38 38
Tenn Cop & Chein. 18 18 18
Texas Company ..214 212 ill 2
do rets 22 22 22
Tobacco- Products. 50 60 60
Union Pacific 133 131 135
Unl Alloy Steel... 45 45 15
Unl Cigar Stores. 101 101 104
United Dyewood .. 08 08 08 ..
United Ry Invest. 874 8 874
do prof 17 16 17
U S Ind Alcohol... 100 135 169 2
U S Smelt & Ref. . 60 50 50
U S Steel 131 120 13074
do pref 117 117 117 ..
Utah Copper 110 110 no
Wabash 12 12 12 ..
do pref A 48 49 40
do pref B 20 20 20 1
West Maryland .. 21 20 21
West Union Tel.. 04 04 04 1
Westlngh Mfg 60 48 50
West Pac 11 It ... 15 15 15 . .
Woolworth 121 124 124
Wheel & L E .... 18 16 10 Vi
White Motors ... . 47T4 47 47
Willys Overland.. 32 81 31
Wilson Co 70 70 70 I
Total ftivlee. 423,600 shares, compared with
662.700 Alinre yesterday! thu for thle week,
4,647,900 sharmi same period Itwt ure-k, 3,703,
400 share.
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. Tho price given Is the last
previous close.
Advance Rum pf 28 Liggett Myers,. .235
Alax Rubber ?, . do pref .......115
Alaska Junesu . . 4 Long Isl cfs of d 40
do pref 85V4 .Loose Wiles RIs. .17
Am Agrl 91 T.orlllsrd 1 Co... 205
Am Asr Chem pf. lul Mackuy Co.., 82
Am Heet Sug pf. .103., do pref ...... 4
Am Drake 8 ft F.102 Maxwell M 1st pf 05
do pref 20U May Dept Stores B5
Am Car 4 F Pf.. 110 Manhattan Els.. 114
Am Cot Oil pfd.. 93 $!-;; Pref.. . . H.i
Am EiDress ....100 Mich Cent 110
aS lVco pre f ! ! i :i04 Winn BIPMB M.104
Am Smelt Pfd .. 98 K ft T Pd. . . 18J-
Am Sumatra pref 08 Mo rac c of d f p 01
Am Tobacco 192 Mont Pow pref.. 112
Am Zinc ft L pf 62 Nat Lead 67
Assoc DO 1st Pf 62 Natl Lead pref.. 110
Atlan lllrm ft At 16 N Y Chi ft St L. 27
llaldwln Loco pf.loo N Y C ft St L 2d BOV
Uarrett Co sub rc.114 1 Y Dock .... . . . 15
Ilatopllas Mining. 1 , Nor 4 South.... J4Vi
Heth Steel 148 Norf West pf. 8.'
DrookUnOas....l03i North Ami ..... 01
Hrunswlck 11 Nova Scotia H..1I8I
Cal Petro 10 Ohio Fuel 47'-
Cent Leath pfd.. 112 Ontario Silver .. 6
CM ft Alton.... 16 Peo A East ...
CM ft Alton pref 23 PC C ft St L,v-,JJV4
CM ft Ot West.. 11 ''His onl,P' c'S'-llX
Chi Ot West Pf 84 Pitts Steel pref.. 100
Chi ft Northwest. 110 Press St Car pf lol
Chi ft Nwest pref.lBO Quicks ver .. 1
Cluett Pbody pf.llo Quicksilver pref. 1
Col ft South ".. 27 Ry Stl Spg pref. 0J
do .1st pref.... 63., Heading 1st pref 41
Consolidated Oas.108 ltesdlng 2d Pf... 43
Con Oas of Dalt. .111 St L 8 F pref. . . 20
Cont Can pref 112.. st L ft So West. 2
Con Int Cal Mln. 17 Shattuck Arli . . Wi
Continental Insur 84 soT Rico S.....207.,
Cuba-Am Sugar.. 190 stand Milling.... 88
Cuba Am Sue pfd.lOS Tnird Ave 11 R. . 2
Deere ft Co oref. 0 Tidewater Oil ..196
Del Laok ft West.210 Tob Prod pref.. 08
Den ft Rio Grande 0 To st L ft W ctfs 10
l ft R O pref... 16 do pref ctfs... 12
SM's'ft'Atiif12 Tln City R T.. 89
K&2Z wnii".; Unit Clg. 8 pref. 119
tlaston MlItamS. S3 ITnlt Tan.r lid 28
Oen Chemical . . .540 "" I aper iiu. .
Oranby Mln 86 Hci,1. -Jii JVit
Oulf tftate 1st pf.100 ' V-.nS.ss 10
Hom.stak. Mln...l08 , U 8 R ft Imp.... 18
inierooro prer ,, 07 " " '' ".," 1'" ,ir
Indo"V7f" " J::Ha rorftlr J8
Inter llarv Corp. 70 Wslls-Fsrco kxp
do rref ......102 West Md 2d pref 89
Intl lflckel prJi.los Westlnglst pfd. 68
iowi'KnfiaY . Ti Wortbtn VVt B. 60
iswJlTe" .V... 46ff WhVel 4 L B pref S4
da nref .. .. 10 Wtlson Co pref.. 105
Kao 1 CIfy So Brsl 6JH Wis. Central ...SI
evortniSMa van .
Sales in Philadelphia
Net
Low Close, chge.
35 3.1 ..
01 Dl
8774 8774
82 62
25 26
10 19 ..
02 62 2
0174 6174
82 8274 V4
05 1)5
35 36 2
30 SO f-
211 20 Vi
05 03
77 77 Vi
216 210 fl
158 130 74
81 81 1
nigh.
15 Am Stores. 33
8 Am Rys pf 01
100 Crucible St 8774
1 Catnwlssa
1st pref. 82
2 Ins Co N A 25
loo Lk Sup C. 10
202 Leh Valley 8314
20 Mldvale ... OtTj,
283 Penna II It 6274
10 "Pn Salt M 05
15 Phlla Co.. 33
60 Phlla Elec. 311
15 PUT tr cfs 20
213 Reading... 03
40 Un ( Imp. 77
10 U Cos N .1.216
4520 U S Steel. 130
40 Wm Cramp 82
Ex dividend.
Total sales, 6382 shares compared nltli 6374
shares jcstentnri thus fur this week, 57,081
shnrrsi snnie period lust neck, 61,013 shares.
RONDS Net
High. Low. Close, chgo.
1000 ConTrncN
J Ss . ..100 100 100
1000 Market St
; El 4s .. Ill 01 91 3
2O00 Penna Co
temp ctfa
4,j 03 05 03
1000 Phlla Co
1st 6s.. 101 101 101
3000 Phlla Elec
3000 Heading gn
4s 00 00 00 VI
Tnlal sales, $14,000. rnmpnrrd with flO.300
e.Mtcrd,( t tint- far this irck, 176,0001 same
period lii't ucrk. Sill'. OIK).
Local Bid and Asked
Today Yesterday
lll.J Ask Hid. Ask.
Am stores .15 3(1 :irt aii'i
Huff n. sus t c ni no ;,i r.r
do pref 411 M'-i t .Ml
Drill. J (1 27 2ll' 27 20
llaldwln 73 73 71 71".
1 :- Htur.iKi! no 112 mi 112
Urn Asp 20 22 20 'J2
do pref ,v. ill r.o (II
Key Trie 13 13 13 18
do pref fill (II (12 (Is
Lako Sui Corp 10 U 111 111.
Lehigh Nav 77 78
do t c 77 7H
Lehigh Vallpy 112 (13 lit. 04
L.'h Val Tr 22 22 22 23
do pref 42 42 42 42
Pennsylvania. 62 62 82 63
1'hlU Electric 21l' 8(1. 211 8"
Phlla Co 31 33 33 33
dn 6 per cent pf.... 32 35 32 35
do it por rent pf... MH 311 3S 80
Phlla 11 T t o 20 20 211 211
Heading- 116 115 00 911
Ton lie I 4 4 4 4
Ton Mill (1 II A OU 11
Union Trac 4t 12 42 42
It I) I 77 7M 77 7S
U H Steel I20ts 1311 1211 120
York Rwy II . . It
do pref ,1il .17 3(1 37
W Crump t c HI N3 H2 S3
NEW YORK HANK STATEMENT
Increases Are Shown in All Items Ex
cept AvernRC Demand Deposits
NEW YORK, June 30. The New York
bank statement this week shows gains In
nil Items In both the average and actual
conditions, ixceptlng average demand de-
poKlts, which wei lower
Details follow.
ACTUAL Increase
Actual Incrense.
Loans 1.1,875,4811,00(1 1115,317,0110
Net demand deposits. 73,407,015,000 Will 000
siu ume deposits. . . . lNl.llM.OOO
Circulation 21). 618,000
Reserve; own inultx.. 12,"3. IH3.000
Reservo Federal Re
serve Hank 27.384.303,000
Reservo other deposi
taries n.'i.oos.oon
AgKwrato reservo... ltll2.H5K,nno
Iteseno required nss.043.llhii
Surplus 104.814 320
12,70.1.000
151,000
41,020,000
107.001.000
1,383,000
(13,110.1,0(10
1.007.010
62.1IH7.0I1H
llerrense. ttTnlted States deposits deducted
$325,076,000. lot which t2tl.7V5.OOU Is specie.
AVKRAOH Increase.
Lonns 13,8:3,069.000 $11,458,000
'Net demand deposit ,1,4311.761,0011
Net ttmt deposits... 177.157.000
Circulation 211,(110.000
tlleserve, own vaults 2711,573,000
Reserve, Fed. Res. b'ks 335. 034.1100
Reserve, other deposit's 5(1,046,0011
AK-gregatP reservo . . 062.563.000
Reserve required ... 601, 1.1.1,120
Surplus 71,097,h80
Decrease.
tUnltcd States deposits deducted,
000.
S8 8.1.1. 0110
1 0,930,000
13,000
3n.31S,O0O
(is.10.1 oon
9211.000
32,707.000
1.(122,0.10
34,3811,930
$211,444,-
JOf which J227.2SO.000 Is specie.
OUTSIDE HANK STATDMUNT
Rtato banks:
T,onns Investments .. 1131.657,400
Oolil 41.3111,4(10
currency, hank notes 20, 720.000
Increase.
13,021,0110
1,018,000
188,100
6,008,800
2.710,1100
Deposlts
.1.15.01)8.1110
105,4.111.400
24.777
Reserve on deposit. .
Reserve
TruBt companies:
Iyians Iniestments
(lold
Curirney bank bills.
Deposits
Reserve on deposits.
Reserve
,U7v
tl. 888,440, 500
14ll.32ll.10ll
15.30S.7OO
t2.108.443.8no
3.12.370.000
21
12S.126.440
7.201,900
178,000
42.820,300
18..1n0.3OO
0
STATE RANKS' AND TRUST COMPA1.1KS
.NOT REPORTING TO CLEARING HOUSE
Loans Investments . . t802.tlS4.200 tl. 040.000
Oold , (13.0.13.700
Currency, bank notes 10,890,300
Deposits 1.020.(170,5(10
Net deposits 870.071.(100
Reserve deposits ... 10.1.O72.4HO
Reserve 21.5
Decrease.
.121.3110
40 I.St 0
11.1II1.4H0
"1(1,57(1,1100
3,0S7,80O
.5 7o
CLEARINGS CONTINUE HIGH
Total This Week 21 Per Cent Above
a Year Ago
Bank clearings continue largo throughout
the country. The total for the week ended
today was $5,782,479,928 against $5,961,158,
231 last week and $4,77S,S91,770 a year ago.
DetallH follow:
1917.
New Tork.. 12.803,231.2.11 12
Chlrago 407.477.00.1
Philadelphia. 2S0.297.0SS
lloston ... 180.18.1.257
Kansas City 100,000,000
t. Louis .. 105,091,014
S Prunelscu 74,840,112
Pittsburgh.. (19 014, (ISO
Detroit .. 41.782.002
llaltlmoro . .10.748,00.1
New Orleans 33.282.844
7010. P.C.
330.215.018 20.0
201.30.1,542 4-38.4
203.823.780 37.5
1411.4(18.678 4-20.O
0.1,000,000 4-08.3
77.89.1.140 4-30.1
49,985,602 4-4S.7
.10,880,008 4-15.1
34,073,005 10.5
80,801.887 7.0
10.693,518 4-60.0
Eleven cities
(He daya.tl
Other cities
five days.
147,357.101 13,820.207.344 4-24.0
627.472.084 471.268.027 4-33.1
Total all cities
Ave dais. 14.774.830.083 13,800.470.271 4-25.0
All cities
one day.. 1.007.019.843 078.415.605 4- 8.0
Total all cities
for week. 15.782.470.028 ft. 778,891. 770 4-!
Note Kansas City partly estimated.
1.0
MONEY-LENDING RATES
rilll.ADKLPIIIA Call, G per cent.
Time, 5 054 per cent. Commercial paper,
three to four months, 65 per cent.
HANK CLEARINGS
Rank clearings today compared with corre
epondlng day last two years:
1017 1016 1015
Roston t30.889.017 H4.70O.309 130,785,133
Philadelphia. . 1H 7'l l'7il 4il.i88.(llll .ll xv xxi
New York... 703,852.270 0.17.054.210 303.18S.10l
FOREIGN EXCHANGE
NEW YOrtK. Juno 30. The feature of
the foreign exchange market wan a further
decline of about 15 points In rubles to new
low records. Swiss exchange displayed firm
ness, lire showed a steady tone and pesetas
and French exchange turned easier. Busi
ness was on a moderato scale.
Quotations were:
Demand sterling 4.75. rabies 4. 76ft.
sixty-day bills nominally 4.7 Hi. ninety-day
bills 4.69.
Frano cables 6.74. checks 5.7674.
Lire cables 7.25, checks 7.26,
Swiss cables 4.82, checks 4.84.
Guilder cables 41 ',i, checks 41 Vi.
Pesetas cables 23,56, checks 23.30.
Kuble cables 22.70, checks 22,60.
Stockholm cables 30.60, checks 30.40.
Christian!.-! cables 29.50, checks 29.25,
Copenhagen cables 29.15, checks 28,90,
NEW YORK BUTTER AND EGGS
NEW YORK. . Juno 80. BUTTER Receipts.
9,',11'J tubs. Steady. Seconds, 394 .15 c. Otner
quotations uncnangeu.
EOOS Receipts, 13,345 esses. Steady. Quo
tations unchanged.
Window Glass to Advance
PITTSBURGH. June 30. Window glass
prices will advance sharply next fall, based
on the fact that comparatively little glass
will be produced during the summer mouths
and on the extremely unfavorable fuel and
labor- outlook- for next year, .,
LOCAL TRADING IS IN
WITH UNITED STATES STEEL LEADING
Lehigh Valley and Reading Record Losses on Interstate
Commerce Cbmmission Rate Decision Pennsylvania
Holds Up Well Philadelphia Co. 2 Points Higher
Trading was of tho usual holiday char
acter during tho short session on tho Phila
delphia Stork Kxrhango today, there being
very few transactions In any Issue except
ing United States Steel common, and that
stock was not dealt In heavily.
As was to bo expected, following the
course of the New York market early In
the day, which sold off at the start on the
derision of tho Interstate Commcrco Com
mission refusing to grant a 15 per cent rate
Increase to the railroads of tho country,
some losses were recorded by railroad
shares. But most other stocks held up well
and several gains were made.
Lehigh Valley scored the largest loss,
dropping 2 points to C2Vi, while Beading
was off 14 points at one time, but later
recovered part of the loss. Pennsylvania
did not suffer greatly, opening n small frac
tion lower, and, whllo It was off a quarter
CORN PRICES RECEDE
AS SELLING GROWS
Weather Conditions Continue
Good for Crops Wheat Pit
Is Lifeless
(IRAIN Itr.l.T WKATHER rORWART
CHICAOO. 4une 30. The 'ueuther forecast
for the nnt Ililrty-sU hours follows!
Illinois I'nM-Uled und warmer tonlghtt
fair Sunday.
Missouri Fair lontght and Sunday, warmer,
cooler In northnrst tonight.
Wisconsin Unsettled tonight) warmer Sun
day, fair and unrmer
.Minnesota Pair tonight nnd Sunday, cooler
west.
town Pair tonight, nnd Sunday cooler.
North nnd South Dakota Pair tonight, and
Sunday cooler.
Nebraska Fair tonight ond Sunday.
Kansas Pair tonight, and Sunday cooler.
CHICAGO, June 39.
Liquidation of corn was continued today
and the market suffered further losses In
the early trading. Weather conditions were
still favorable for the crop and the technical
position was weaker. More rain was re
ported In Argentine, doing additional dam
age to the quality of the grain. The market
at Liverpool was steady, with consumption
lighter and tho floating quantity to the
United Kingdom shows a good Increase.
July opened He higher at $1.57, but later
lost tho gain. September was quoted nt
$1.46 to $1.45&t at the outset, against
$1.46 at tho end yesterday, and Decem
ber at J1.07H to $1.07, compared with
$1.07 '4. the final quotation of yesterday.
Trade was not largo. The receipts here
today wero 164 cars.
The wheat pit was lifeless, with prices
weaker. July opened nt lc lower at $2, and
September started at S1.S0V4. against
$1.81 V4 at tho close yesterday.
Tho market at Liverpool was dull and
easier on good receipts and favorable crop
advices.
Tho receipts at Minneapolis and Duluth
today were 100 cars, against 300 cars last
year; at Winnipeg, 421 cars; at Chicago,
12 cars, contrasted with 30 cars.
Oats sagged also. Crop news continued
good. July opened nt 644o to 64V4c,
against 04c nt the close yesterday; Sep
tember at 54V4c to 64Vic, compared with
544c at the end yesterday, and December
nt 66Vic to 56Vc, contrasted with 56V4c,
yesterday's last price.
The market at Liverpool was easier on
Increasod Import offers and decreased con
sumption. The receipts hero today were 137 cars.
Leading futures ranged as follows:
Wheal
Ycs'day's
Open. High. Low.
July. . 2.0(1 2.02 2.00
Sept.. 1.80 1.83 1.60
(!nrn (now delivery
Close. close.
2.02 '2.01
1.82 1.81
July. . 1.37 1.SSJ4
Snt.. 1.4(1 1.47
1.66
1.46
1.06
1.00
J. 07 Is
1.47
1.00
1.08
1 57
m
Dec... 1.07 1.09
ilav. . 1.07
Oats
July. 61
Sept.. 54
Dec. . . 50
Lard
July.. 21.00
Sept.. 21.25
Ribs
July.. 21.32
Sept.. 21.47
Pork
July. . 30.0.1
LOS1,
65
6,1
07
21.00
21.25
04
53
65
sislj
50
20.70
20.07
21.10
21.22
30.00
20.83.
21.15-
21.25
21.40
30.15
30.05
721.03
2L27
t21.35
21.60
180.10
t30.30
21.37
21.47
30.15
MPPl.. illl.UO
Hid. tAsked.
30. 211
38.00
Nominal.
RECORD LOCAL CLEARINGS
GoverHmeRt Financing for War Cost
Gives Banks Much Business
Local bank clearings In June were $1,
603,806,052, tho largest ever reported for
any month.
While bank clearings have been making
now records, they were swelled for the
month closing today by payments on ac
count of tho Liberty Loan bonds, United
States Treasury certificates and Govern
ment financing. Comparisons follow:
10t7 1010 1015
Jan ..1,307,691,175 $1,014,800,101 $061,545,778
Keb . . 1,251,517,407 000,702,804 577,070,034
Mar.. 1,407,010,510 1,013,108,202 0.10,002,170
Apr .. 1.410.318,428 1.001,034,660 675.181,006
May .. 1,477.720,056 1,030,008.332 047,125,024
June .. 1.603,800,052 1,072,400,711,1 725.62S.S67
July .. 1.030,070,020 712.016,57(1
Aug .. 008,420,1011 0,13,855,038
Sept .. .... 1.076.781,128 737,0.18.207
Oct . 1. 252.005.504 001.403,800
Nov .. 1,273,780,878 875,450,238
Deo .. 1.351.845,620 1,035,617.824
12 mo 13,083,817.700 8,b03,503,281
Local Reserve Bank Statement
Tho statement of the condition of the
Federal Reserve Bank of Philadelphia for
the week ended yesterday compares as fol
lows with the previous week:
RESOURCES
June 20, June 22,
Gold coin and certifi
cates In vault. ..... . $30,168,630 $30,050,870
Oold settlement fund
balance 81,095,000 23.433,000
Oold -with foreign
agencies 3,675,000
Total gold held by
bank 04,088,080
Oold with Federal Re
serve agent 33,603,670
Gold redemption fund. 450,000 82,805.270
Total gold reserve.. 08,001,300 86.805,140
Legal tender notes, sil
ver, eto 1.285.471 039,472
Total reserve 100,270.771 87,531.012
Rills discounted mem
bers ........ 22.833.718 18,405.307
Dills bought in open
market 0,087,358 0,180,341
Total bills on hand. 81.421,077 7,683,700
U. S. Government long
term securities 640,300 640,300
U. S. Government short
term securities 2.548.000 2,548,000
Total U. S. securities 3.fW7.800 3,300,000
Municipal warrants... V58.460 158,400
Total eatnlns assets. $34.076,837 $34,341,469
Due from other Federal
Reserte banks (net). 8,823,048 7,010,828
Uncollected Items 25,602.622 20.800,200
Deductions from gross
deposits 28.885,671
All other resources 603,030 180.414
Total resources $164,446,220 $149,042,530
LIABILITIES
Capital paid In 15,260,800 $5,260,800
Government deposits . . 40,163,708 82.705.211)
Due to members re- .. . .
serve account 64.208,515 54.337,267
Collection Items 24,607.431 18,007.284
Due to other. Federal
Reserve banks (net)
Total gross deposits. 118,069,764
Federal Reserve notes
In actual circulation S9.703.510 88,830,880
All other liabilities. ... 513,145 233.570
Total liabilities $104,446,220 $140,042,530
Bond Trading Small in June
The feature In tho trading on the Phila
delphia Stock Exchange for the month ot
June was the shrinkage In bond sales,
which was accounted for by the Liberty
Loan. During that campaign ordinary
bond business was sidetracked. For the
first month since the latter part. of 1914
bond sales on the Exchange fell below
the million-dollar mark. The, volume of
trading in stocks fell below May, although
a little better than in June of last year.
The total of bond transactions In June -was
$894,130, as compared with $7,351,500 In
May and $1,414,795 In June of last year.
Stock transactions this month were 287.13V
shares,- against 365, 0:3 In May and 2)1,6;?
turln June, 19,.
SMALL VOLUME,
.1
at one time, It recovered half ot the loss
quickly.
Philadelphia Company showed good
strength on a small transaction, advancing
2 points, while United Oas Improvement
was up a quarter and Steel gained . Mld
vale Steel was off , and William Cramp
dropped a point. Pennsylvania Salt Manu
facturing was unchanged, selling ex-dlvl-dend.
.
United Companies of New Jersey ad
vanced a full point over the last previous
sale on a small transaction. Only a few
Philadelphia Bapld Transit trust certificates
appeared on tho tape and the price was
off a quarter. Philadelphia Klectrlc was
up a fraction and Crucible Steel gained half
a point. Lake Superior Corporation, Ameri
can Stores and Insurance Compsny of
North America were unchanged on! few
transactions.
There was little business done In the
bond division.
BUSINESS IS LIMITED
ON COTTON EXCHANGE
Excepting December, Little Is
for Sale, and Prices Take
Upward Course
COTTON RKLT WKATIIER CONDITIONS
NEW VORK. June SO. The following tem
peratures were recorded In the cotton belt
this morning! AsheTllle, 02 1 Nashville, Ra
leigh and Wilmington, 08 1 Macon, Knoxvllle
nnd Atlanta, 70i Montgomery, Itlrmtngham,
Chattunongn and Thnmaavtlle, 7Sl San An
tonio, Memphis, Vlcksburg Meridian and
Satannnh, 74) Abilene, Corpus Christ). Okla
homa City, Del Rio. Utile Rork. Augusta and
luckaonilllr, 78i Shrereport, Galveston, Fort
Smith, New Orleans, Charleston- and Tampa,
76 1 I'ensacola, 80.
There was ,02 Inch of precipitation at Bir
mingham, .04 Inch at ChsHeston, .06 Inch at
Macon, .OS Inch nt Atlanta. .38 Inch at Wil
mington and .44 Inch at Montgomery.
NEW YORK, June 30.
Business was even smaller than hereto
fore nt tho opening of the Cotton Ex
change today, but tho tone was firm with
prices 1 to 12 points higher.
The significant feature of the trading was
the fact that, with the exception of Decem
ber, In which some competitive offers were
made, thero was little for sale and transac
tions could only be made by advancing tha
bids.
Boom traders and uptown Interests were
moderate buyers, while commission house
and southern interests sold.
The Watklns Bureau makes the cotton
condition on June 22 last 70.2 per cent, com
pared with 70 per cent on May 22, 79.1 on
June 22 last year, 79.4 per cent on June 22,
1915; 77.1 per cent on June 22, 1914; S3
per cent on June -22, 1913, and 80 per cent
a ten-year average.
The receipts at tho ports for the day
were estimated nt 12,000 bales, compared
with 8506 bales last week and 9002 bales
last year.
Yesterday's
Close. Open.
July 26.50 26.70
October 26.10 26.45
December . . . 26.55 26.67
January 26.60 20.70
.March 26.86 26.02
High. I.nw. Last.
26.00 26.66 26.70
20.55 - 26.27 26.36
26.60 ' 26.89 26.47
26.76 26.57 26.08
20.03 26.74 26.74
SPOt 27.15
Cotton Buyers and Sellers
NEW YOBK. June 30. October IL
Johnson, Newman, Lehman and Cassrd bid ;
Hartcorn, Bussell and Rosenberg offered.
December McQee, Munds, Waters, Wil
son and Wachsman bid ; Hartcorn, Orvls
nnd Hentz offered.
January WIlBon bid; Banger, Hartcorn,
Martin and Rosenberg offered.
March Wilson bid; McEnany, Rents.
Waters, R. Hubbard and S. Hubbard of-
l-feced.
1.
Cotton Statistics
NEW YORK. June 80. The statistical posi
tron of cotton Is as follows: T
, .
iniswers. i,BBi wmt. xisEyear.
Total vis.
American
'June 20 .
8,386,008 3.447,005 3.843.65(1
2.034.008 2.168.005 2.608.65a
. . . .12,397,040 12.273.333 12.085,551
STEEL MEN ANXIOUS
OVER U. S. PRICE PLAN
Authorities Say They Know
Nothing of Amount to Be Paid
or Requirements
NEW YORK, June 30.
The uncertainty which has existed in tha
steel trade over what the Government would
do In so for as Its requirements are con
cerned, and also with regard to the price to
be paid for steel still continues. Although
there have been reports of an agreement,
steel trade authorities assert they know
nothing ot them, and say they aro lust as
anxious Jo know the details as any one
else.
While thero has been no good demand for
various products from regular consumers.
It Is nevertheless true that there appears
to be less anxiety on the part of buyers to
get their order books, although those mams
facturlng concerns which have contracts
to fill are continuing their earnest efforts
to get their needs on the books of the steel
producers.
On the other hand the steel manuH
facturers are not nt all anxIouB to take
contracts from all Bides and declinations on,
business offered are still going on with more
or less frequency. In some cases only
regular customers are being taken care of.
This Is especially true of the smaller steel
companies and the largest Independent con
cerns. . . ,
It Is learned that botoc Government bus!
ness has been placed with the companies on
which prices are to be fixed later, and the
agitation for Government control of steel
quotations Is one of the Influencing factors
In causing at least a little hesitation on
the part of prospective buyers.
There Is no doubt that the outcome of tha
situation Is awaited on all sides, and a
satisfactory arrangement will change tho
situation In a -way In all directions. How
ever, it cannot be said that a settlement Is
any nearer, according to all appearances,
than It was a week go.
The tone of all branches of the steel and
Iron markets Is Just as strong as. It has
been a any previous time ; but It Is noted
that there Is less excitement In many
branches and price advances, while continu
ing, have been doing so In a more orderly
way. Nevertheless, the opinion prevails
that the advances have not yet been halted,
because the demand Is still larger than
the available supply.
In pig Iron there has been some good
buying, but prices have not been put up as
sharply aa heretofore. Domestic users have
been paying the prevailing quotations with
out a murmur, and some good Inquiries are
In the market for export, especially for
Italy 'and Japan. Iron makers, however,
have been holding off from taking this
business, mainly because of the difficulty
of arranging for the shipping; facilities.
It Is likely If the purchasers tan arrange
for the vessel room some, good foreign
orders will be consummated.
The ferro-manganeso situation Is) causing
some alarm among the steel makers who
must cover for their future requirements.
Buying for the remainder of this year and
the first halt of 1918 Is said to hays been
most active .recently; and prices hayo -been
advancing with regularity.
In plate chaotic conditions prevail. Tha
market Is .any price these)ler tan get, and
as high aa 12 cents per pound ha been
reported to liavo been paid for ship plates.
Even at this high quotation there Is aa
abnormally large demand, and no one 1
willing to iifd)ct.ihovf much higher this
product will rgo.,tJ though tha oltihq i
unanimous 'tut'ttq top; k)K.wt yt Mm
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