3 EVENING LEDGrER-PHILADELIHIA, TUESDAY, JULY 3, 1917 1 if IP REILLY, BROCK & CO. BANKERS " CITY OF FHILADELPHIA SECURITIES COS CHESTNUT STREET ruiLAnr.LriiiA Public Utility Preferred Stocks Preferrqd stocks of the following well - known corporations can be ob tained at prices to yield 7 or more Northern Stales Power Southwestern Power & Lt. Texas Power & Light Utah Power & Light United Light & Railway An analysis of any of these issues will be sent on request. Bonbright & Co. Incorporated MORRIS WISTAR STROUD, Jr. Manner 437 Chestnut St., Philadelphia New lork Boston Detroit London Paris William P nonbrlght A Co. nonbrlght 4 Co. For the Investment of July Funds We are prepared to make offer inRS of well secured bonds se lected from the following: classes: Public Utility Railroad Industrial Government Municipal At prices to yield from 3y2 to over 6. Some of these issues arc free of all taxes or pay their interest in full without deduction for the normal Federal Income Tax. Circulars on application. 6.W-larjt$go. BANKERS (Established 1637) 321 Chestnut St., Philadelphia i i ' '. W, VA '" n J As rc.ult of large enrnlns. of comnanloi In the oil Industry. ImMers of till ,iiir a hare parti. I paled In Nils ir..sperltj through sli dltl.I. ml niiil stock melons. Jin ti 11 a ImmlMiine market fr'if Its In llrntlmm mlnt lo a con llnusiire of ihli prosperity. J A rnmpnlrn.lie article en the present situation On oils Is con Ulned In the itirrent Issue of uur fortnightly puhllcallon. "Investment Opportunities" 1 This number, as well as sne ce Ilns Issues, will be seut with "'" inirge upon request for 52-PL. Including -ur book'et ex I Limine "Thb Twenty Payment Plan" Sraqpopag Kvcytmcwyecuritit r.l3l)llliel 100S) 40 Exchange Place New York ftfcWWyMWiW) W. I heal OejinMnney AUTOMOBILE BANKERS Offer (special facilities tor In. dividual!) or automobile deal era to finance the acquirement or pleasure cars, for business nouses to finance, the acquire ment of commercial cars or trucks. If you are thinking of Purchasing a car of any kind V?.in?.PurP3 th FINNEY SYSTElvf will make a better "uoiiioan transaction ror you. ESTATE TRUST DUILOINQ PHILADELPHIA Morris Brothers Co. ionds for Investment MUNICIPAL & CORPORATION BONDS 1421 Chestnut Street Pn New Stock Issue to Shareholders OkiaJJCIWATI' Ju'y S Director of tho cant Sm Producing and Refining Cam holder ,1 decWel to "tend to the stock- t tt (" privilege or suDscrioing ior I JJ"'-0?' Pr value of. the capital stock lf (,."""' consisting of 000,000 shares l . "r vl of i& each Stockholders isWiLTL" kiuly B wIH be entitled tc sub. ii TIT !- ffr aw extent t one- -- .,. I .glNAlAL NEWS 1 FLUCTUATIONS TN WALL ST. REFLECT " SHIFTING OF SPECULATIVE ELEMENT kome Take Bull Side, While Others Are Aggressively Bearish on Various Stocks, Making Market i one Irregular High Points in Todays Financial News in PUMoLPllVl th.tr in Wnll street. Many wide channcs Co ton lower Flnhtrl . IV?" ''"' '" '""" l Ct"b- Grai market cloned. InteT Bar silver -mchangS. '" "ehanat markel " 8'ar'' '"" hwcr AlthniK.ii ., Nnw YORK. July 3. In the couro f .? crc,many Me !"' movements In different dlrectlonii purely ,h ', '"k hnK. trading most of the business .. ,,f a simply 2 C?"V "' nml ,he ntlon, tencctod to . great extent " t, clem f rSl"0nS "y t,,e ",ec""'tlve mcmbe.s on the floor Some others wereT " l""1 l ,ake the bu" M vnrloll!' tock"- """ mSt n T T. '? W. I,ear,,h- mak,w t,lc mnr,et tone "iroBUlor. but com- th " ",,C '0nR R,0CU "- ,iro",lt 0,lt wllp llPC,1es occurred, advancing torfi"" fxcep,,,on ,0 t,lls rnJ1" ' Studebakcr. which, after nv"nf m ?," PPei1 morc t,lnn fi "olts unr hvy ucstem .ellliiR lml?iri-i ii h Y "I0'0'" 8,OCl" ncre aturnllV influenced by this ohatp break ,.n , . ' "'ter ,,ccllnlnK mi,re man 1 point, moved tip above R point. '",'of B,u',rts' whlcl1 "8 made urBent by the trouble experienced in borrow Ins the stock for delivery. .y""6',1 fate3. S,Cel common dropped to 127H. followed by a rally of one point, and showed an advance of nearly a point at the end of the da. There was evidence of support in St. Paul, which, after selling at 67.. advanced to noil' rr?ican r'etro'eum was stronp; and rose moie than 4 points, crossinr; JJH. Lnlon Pacific, which sold down to 132. advanced late In the day to 135. in most cases the advances and recessions brouBht Btocks back close to yesterdays final ranBe. and there was a tally In progress at the close AlthotiRh there was little chance In prices In the bond market, the con (lltlons of trading were unsatisfactory The same report was made of the Inability to market any Important blocks oven at dccllnlnft pilces. The Mbcity Loan was maintained at and a shade above par. Anfrlo-Kicnch fis sold at S3'i to 0314. MANY CROSS MOVEMENTS ON CURB; SOME STOCKS UP, OTHERS DECLINE SEW YORK. July 3. There were manj cross movements In the trading on the Rroad Street Curb, with several stocks showing pronounced strength while others wero weak and without a disposition to buy even at substantial concessions. The character of the trading was Indicated by the fact that United Motors sold down to the new low record of 25 Vj at the same time that Buttciuortli advanced G points to the new high record of 61. Midwest Refining was strong for a good part of the day. advancing to 113. with the buying based on an expectation that the dividend would be Increased at the meeting next week, nnd reports were current that a stock dividend might be decUtod. The aviation stocks continued to fluctuate within a nanow lange. Wright Martin selling at 8 to 9H, and Curtlss Aeroplane was traded In at 40 to 41. Interest was attached to the Increased demand for the Baltimore and Ohio one-year notes, which moved up 11 to SOU. N'w York City 4'4s. when Issued. were strong, advancing from 102 to 102. There was a good demand for some of the mining htocks. Nlplsslng being traded In at 68 to 7. IMiL'hTRIAI.l nid. ft!) 31 Y Air Reduction Am Stores Aetna explosives .. Am-Britlsh Mfg 7 Yfl rlee Asked (Sale) DO 00 3V4 .. 4W 4V4 13 Am Marconi 211 American Writing Paper SH Canadian Car Co 30 Can Car & Fdy pref ... 70 Charcoal Iron KV4 Chevrolet Motors Cramp Curtlss Aeroplane Carwcn Tool . Carbon Steel . . Hmcrson Phonograph . . Federal F 0 Hendee Mfg Kathodlon Bronze pref. Lake Torpedo Boat . . . Lehigh Coal Sales Lima Loco Maxim Munitions Marlln Arms N V Shipbuilding Nor Amer Pap Pulp . . . Otis Elevator Peerless Motor PnnlA Knir Redden Truck Santa Cecilia Santa Cecilia pref Scrlpps-Booth S S Kresge vv I Standard Motors Steel Alloys Submarine St Joseph Lead on , 80 , 40 1111 101 STi 40 27 1V4 7tt 7 .14 IK 100 44 ft 8.1 10 70 18 30 .1.1 35 OS II 0 33 1 4 3,1 7S 8 ino 80 97 41 40 13 13 101 104 1 A 32 3V4 .. 7y, 80 87 t 3 lA.i mo 4B'i 4a SO 18 DO 1U 38 03 100 li 32H 3iy, imii:im:m)i;nt on, stocks com Yes Merrltt Oil 4y, 3Ri4 Midwest Ref 137 140 Met Petrol 1 -jj Ohio Fuel 8 30 Oklahoma Ref niJH 0 Osage Hominy 7 7 Rice Oil H Sapulpa Ref 0 Off, Sinclair 27 ; United West Oil aj MI.M.MI STOCKS 38 10 0 s so 30 13 Todd Shipbuilding 83 Triangle Film li United Profit Sharing . . V4 C S Steamship t Cnlted Motors 35 United Sugar 3d World's Film Wright-Martin Air 0 Zinc Concent 3 IS 80 11a 4 30 3B4 OK 3 IK. 0 2T4 STANDARD Oil. HTOCKS Illinois 308 312 Ohio 338 343 Prairie ripe 270 275 Stand Oil of California.. 288 263 Stand Oil of New Jersey. 885 805 888 Stand Oil of New York .2B0 381 382 INDKPKNDnNT OIL STOCKS Barnett Oil & Gas .... 3 !M SVfc Cosden OH 12H 12 Cosden & Co 13 t3 13 Llk Basin 04 10 Fedetal Olt 41 .1 .1 Inter Petrol 13 13 13 Houston Oil 30 33 Alaska Standard Atlanta Big Ledge Bi.bee Copper (a prosp). Butte Copper and Zinc. Butte New York Cal & Jerome Con Arizona Kmma Consolidated First National Ooldfleld Merger Cioldfleld Consolidated . Goldfleld Florence Ooldfleld Kewanas Green Monster 1 Hecla Mining 8T Howe Sound .1 Independence Lead 11 Jerome Verde 1 Jim Butler 81 Jumbo Lxtcnslon .10 Magnate Copper T McKlnlcy Durragh 48 Magma Copper 4 J Mother Lode 30 Mines Co of America ... ljj Nevada Wonder 1 Ohio Copper 1,', Ray Hercules 3?i San Toy 15 Stewart f, Tonopah Lxtenslon .... 3 United Verde 37 West Knd Con 08 White Oaks 3 White Caps 1, Yerlngton 27 BONDS Atlanta Charlotte 5s ... . OA Bethlehem 8s 08 Cudahy 5s 08 Hrle 6s , 07 New Haven 6s U!i New York Cities 4 s ... 103 Russian Oovt Bs . . 70 Russian Govt C'js . . 82 Southern Railway 5s . . 07 Sinclair Oil Gs . . . 00 Todd Shipbuilding fis lot 31 II 2 10 1 1 3 1 3 n S3 25 15 1A I) 1 1 83 3i 1 so 45 27 IB. I?i 1 4 17 11-3 2 38 70 07 08A 09 07 96 102 72 84 07 93 103 inueri i Ioe (Sale) 25 13(1 hi 0 7T 10 28 28 l 3 10 i 3 A 1 3V. (I 53 1 33 20 4 16 3 A 2 67 83 MONEY-LENDING RATES NEW YORK Call money opened, lend ing and renewing at 3H per cent Money was quoted at 4 per cent or. all Industrials for all maturities from sixty days to six months On good mixed Stock Exchange collateral quotations were nom inal at 4 per cent bid, 4 asked. Eligible bank acceptances were quoted at J to 3 per cent and nonellgibles at 4,j to 3 ' A large business In prime bank accept ances was reported Until today little or no business was being done In prime bank acceptances outside of the operations with the New York Federal Reserve Bank, but It Is stated an Increasing outside Interest Is now manifested. PHILADELPHIA Call, 6 per cent. Time, 60 5, per cent. Commercial paper, three to four months, 5 5 per cent. BANK CLEARINGS Hank rlrsrings toddy compared with corre .pomlln d.y la.two X-r.: rl5i,'.id,..,a-JS:!IJ!IJSli!i.? 'fto-JSo1 New York . 043.Imi.'.'hI Holiday ilfc.cm.Olb National Banks Gain in Number The Comptroller of the Currency directs attention to the fact that the number of national banks now In operation Is greater than at any time since the organization of the national banking system. There are now 7635 In operation. The number of national banks In operation June 30, 1916, was 7668. American Branch Bank In Puerto Plata The International Banking Corporation of New York has Just taken over the old established banking business of Santiago Mlchelena. In Puerto Plata. Dominican ne oubllc The corporation has branches In San Pedro de Macoria and Santo Domingo, and expects to open apother within the next few month In Santiago de Jos Ca-balleros. FOREIGN EXCHANGE NEW YORK. July 3 In the early deal Ings In foreign exchange today the feature was the steady tone In rubles, at about yesterday's closing figures This Improve ment was naturally attributed to the re sumed military activity and success of the Russian troops Otherwise the matket presented very little of Interest, being dull, but pesetas turned easier and lire appeared steady Quotations were: Pemand sterling 4 75), cables 4 76,',; sixty-day bills nominally 4 71i, ninety-day Mils 4.69. Franc cables 5 744, checks 5 75. Lire cables 7 24. checks 7 25. Swiss cables 4.75, checks 4 77. Guilder cables 411-5, checks 41. Pesetas cables 23.50, checks 23.25, Ruble cables 22, checks 21.90. Stockholm cables 30 60, checks 30 40. Chrlftlanla cables 29.60, checks 29.25. Copenhagen cables 29 10. checks 2S.90. The feature of the market around mid day was a reaction In rubles from the partial recovery yesterday, cables touching 21 85 and checks 21 75 New York Stock Sales 34 Al ti 11 A3 Alaska JuneAU 4 Allls-Chalmers Co 20 Am Beet Sugar . 93 Am Can iOVt Am Car & Fdy Co 77 Am Express . . . . 00 Am Hide & Lea . 14 Am Linseed ... do pref Am locomotive . Am Malt do pref . Am Smelting do pref do pref A Am Sum Tob Co Am Steel Fdy . Am Sugar . ... Am Tel & Tel . Am Tobacco Am Wool Am Writ Pa pr Am Zinc & Lead Anaconda . . . Atchison . do pref . . At Blrnt & Atl. At Coast Line . . At Gulf & W I . do pref Raid 1,000 Co . Bait & Ohio . . . Beth Steel H . . . Burns Bros . . Butte & Sup Cop Canadian Pacific Cal Packing Central Leather do pref . . . erro de Paco 'handler Motors Ches.i & Ohio Chi tit Western do pief Chi M & St P do pref Cli 1 & Northwest Chi R I & Par wl .11 do full paid. Alt, do fi p e pref w I 08 do 7 p c pref w I jnr, Chile Copper . 2 1 is, I'hlno Con Copper .10 Col Fuel & Iron 52 Col Gas & Elec 41 Corn Prod 33 Crucible Steel .. 110 do pref . . 103 Cuba Cane Sugar, if, Del and Hudson 111 Denver & II G pro 1 1 Net Illsrh. Low Close ehsr Net t.'lns 4 !,nw 4 20 93 49 7oy 00 13 33 Al 71 11 Al 20 93 49 78'5i 90 II 23 Al 71 11 05 rhse tt f tt 1 10 r. 07 105 I0A 11314 113 113 90S, 09 90 193 53 II 80 4.1 73 130 13(1 193 33 II 32 8D 100 97 1.1 108 105 101 A3 75 70 mo 40 38 3 42! 72 120 120 1 120 120 103 83 41 32 i 81 100 100 97 15 107 07 15 108 101 A3 71 70 2 a: 74 A9 138-v, 110 too loo 411 40 t 1.19 1.18 1.10 -t 1 38 38 38 97 91 Hi'. 31 77 59", 10 32 in I09i 113 113 3.1 31 01 V, tt !7 38 10 33 A7S 109 (7 3 50 4 10 33 1 00. 1 Dome Mines 1 rle .... do 1st pr Elkhnrn Fuel Gen Cigar Sts . General Motors do pr Goodrich. B F 08 108 33 ni on 7A 21 ,1.1 51 41 33 88 103 41 11(1 13 11 13 30 35 .18 109 108 1 34 6 1 A7a, -t 7A SI'S. 13 UN 37 3.1 38 1 111 III 911 1)0 4A 4.1 .1.1' 51 11 33 80 1113 13 111 13 IX 24 30 35 .18 III) 9(1 4(1 t. " t 1 1 S. Great North pref. 103 loiJl loiTi Gt North Ore subsi.11 31 31 Greene Can Cop . lo Gul St.t Stl 1st pf III) Hnske11& Bar Co. 30 hit Agrlcul pref. . .in Inspiration Cop fli Interbor-Cons Cor 0 37 1 hit Mer Mar do pref 81 Internl Paper . 31 Int Nickel 30 Kansas Clt South 31 dr pref 53 Kennecott Copper II Keok & I) M 1 Lacka Steel 0A Lehigh Valley 01 Lee Rubber & Tire 18 I.oulsv & Noh 127 Max Motors . . . 47 do lRt pref .... 67 do 2d pref .... 30 May flept Stores. 85 Mex Petrol 99 do pref 0.1 Miami Con Cop .41 Minn & St I. new. 16 M St P & S St M 101 do pref 130 Mldv.ilo Steel . A3 Mo Kan & Te . A do pref 13 Mo P.ic vv I 39 Nut Acmo 31 Nat Con & Cable 3.1 Nat r.nam & Stpd. 30 Nevada Con Cop. . 23 New O Tex & Mex 31 New York Cent.. 00 N Y N II & II 3A N Y O & W . . . . 23 Norf & West .. 122 123 North Amer . . . ao ao North Pac .. ..1(0 Nova Scotia Steel 07 I Ohio Gas do rights Ontario Silver Pacific Mall . I'enn R R Pco Gas & C Pere Mam ct do prlof pref ct A3 Philadelphia Co. . 31 P C C & St I. . Pitts & West Pitts Coal cts. do pref ctfs Pierce Arrow . do pref . Pressed Steel Car Quicksilver . Ry Steel Spring Ray Con Copper Reading Rep Ir & Steel . Rojal Dutch . . Saxon Motors . . St LH F 17 St L & Southwest . 30 Sinclair Oil 45 Savage Arms ... 98 South Pao . . . .01 So P R Sugar rts. 9 Southern R R . Superior Steel do 1st pfd Studebaker Stutz Motors . Tenn Cop & Chm Tidewater Oil . . Texas Co . Third Ave R R.. Tobacco Prod . . Trans & Williams 85 Union Pacific .... 135 do pref ... . 797 United Alloy Steel 45 40 IK) 39 5 A 61 9 37 83 31 39 31 33 13 4 0.1 Al IS 78 3 1304 1 7 1 20 1 35 08 3 93 2 41 16 2 101 1017!, 120 120 01 A 13 29 31 I 3.1 30 4 23 .. 24 1 89 3A 1 33 122 AO 09 100 -f 07 07 2 II) III) 31) 31 Al 9 27 81 31 39 21 1.1 41 0.H4 A I 18 12.1 45 AA 20 55 04 95 0 15 61 A 13 18 31 35 38 23 24 88 31 23 2.1 122 125 2 6A Al 66 1 5 28 .11 70 18 73 33 51 117 41 07 75 1 53 28 91 93 A4 19 2A 50 . 38 17V .10.1 211 . 10 . 59 5 28 31 tt 76 18 A2 31 I 71 3.1 .. 51 1 tt 3 28 31 7A 18 1 31 72 33 53 117 41 97 73 1 33 27 93 91 61 13 17 30 43 08 00 0 2.1 40 101 101 101 (.6 A0 61 38 17 105 213 19 86 85 13374 134 4-1 70 70 45 43 117 41 07 75 1 53 28 94 1 92 A4 15 S 17 tt 30 44 . 08 ! 01 9 26 30 is-, 38 17 105 1 214 2 10 SO 2 85 1 Unit Cigar Stores 1047. 1037. 104 United Fruit U. It Rwy Invest do pref U S Express 131 7 18 10 V S Ind Alcohol. 157 38 43 60 Heads United Shoe Machinery Company BOSTON. July 3 Edwin P. Brown, of this city, general manager of the United Shoe Machinery Company, was elected presi dent of the corporation today to succeed Sidney W. Wlnslow, who died recently. Sidney M. Wlnslow, Jr., was made vice president. H. O. Donham, former secre tary, was mad a director and vice president. Paris Bourse Steady PARIS, July J. The Bourse was steady today. BAR SILVER Iondon (pence).. 39ty New York (cents) 71U Holiday Testsr- Last rnoay aay 1917 I7H Tuf. HltW. Low JOS 30ti S5JJ 78 78 71 PHILADELPHIA COMMERCIAL MARKETS AND OTHER : FINANOUIANXW OfT PAGE-IS ", V S Rubber U S Steel do pref Utah Copper . . Va Car Chetn Va Iron C & C Wabash 11 do pref A 40 do pref B ... . 25 West Maryland 20 West Union Tel . 04 Westlnghouse M.J 50 Wheel ttil! . . 16 do pref . . . 31 White Motors . 47 Willys Overlapd . 31 Wis Central . . . Wilson Co 133 7 18 10 152 58 33 7 18 19 181 1 88 4- , .130 137 128 117 117 117 .109 108 109 4- 47 70 43 60 11 48 38 19 94 4D7i 13 31 47 30 46 70 43 4- 60 11 .. 49 4-1 33 7i 20 1 01 80 15 .4- tt 34 4- 47 4- 31 46 5 70 1 Ex dividend General Eleetrlo Company, I per cent. Corn Product! preferred, 64 per cent, Wesllnshouse Air Drake, 1. p:r rent. Grape Syrup as Sugar Substitute The great scarcity of sugar throughout Italy and the prohibition by the Government of its use In wine making has drawn at tention to the sweetening methods which were employed there In the economic crisis of 1790-1800, when syrup of grapes was used. The experiments then carried out, while they did not meet v-lth the success desired on account of the failure to elimi nate an unpalatable acid, were of such a charscter as to prove that the syrup was an excellent sweetening for Jam, mar malade, etc,, Increasing their nutritive value Consular rport Indicates that trade irt'jyrup of napea.' could be buUt 0? FEAR OF U. S. CONTROL MAKES COTTON SHAKY Prices Break Sharply, Especially in Near Months Distant Futures Steadier COTTON llELT WKVTIir.n tONDITION" M:V Klltli. Jul, 3. In (he cotton hell this mornlnc It was eloml In the soiitlitrest purl nnrt showers aenerully over the eastern por tion. The follow Inn temperatures were recorded! Vshevll'e, ( hmtniiooKn nnd Nashville, flst Port imlth. Knntrllle nml nalrlch. 70 t Inula nnd llmlnlttnn, 72i Shrevenort. "nn Antonio, vlemphls, 1 1rkslnirs, Merldlnn, lllr nilnchnm, Aurusts f hnrlestnn. sn.qnnnh nnd Jnekvonvllle, 74i Del Itlo. Little Kofk. New "rlenns. Vlneon. Montsonirrs Hnd Tliomns vllle. 72i Corpus Chrlstl. tlnl.eston nnd Tampn, 181 rensnrola. 80 . There nn, .01 Inch of precipitation n, Ashetllle nnrt Little Hock. .03 Inch nt Knot vllle nnd Hnlelah. .11 Inch nt Mrkhnre. .16 nt Tnnipi, .30 nt Vltntrnmrr), 31 Inch nt rensn coln 11 nil 33 at Oavitnnnh. NEW YORK Julv 3 Coder a renewal of nervous liquidations prompted by the fear of Government control over cotto 1 prices as proposed In an amend ment to the food bill, prices broke from 10 lo 4. points at the opening todav Most of the weakness was In near months as n bet ter demand sprung up as the distant futures were reached on the opening call, this be ing notably true of January, which was wanted by commission houses on the break. The weather was regarded as more fav orable, for cloudv conditions have appeared In Oklahoma nnd prlvnte advices also re ported showers nt a number of points In Texas Showers were also quite general over the eastern belt At the end of the first twenty minutes the local market was active and about 15 points under last night The market remained nervous and un settled during the middle of the morning There v. as enough covering to cause slight rallies nt times hut every bulge seemed to meet Increased liquidation nnd somo of tho telling came from brokej-s vvhoe buying was attributed to hedging on the recent art ance October broke to 14 50c before mid day making a decline of 90 points from last night's closing figures and of 2 '2c per pound from the recent high record The receipts at the port for the day were estimated at 9001) bales, against 12.688 bales last week and 10.311 bales last ear Tho amount of cotton In New York ware houses' .vesterday was 48,861 bales, com pared with 50,248 bales on Saturday nnd 110 263 bales on this day last c.ir AMERICAN GAS STOCK AND WARRi DECLINE IN LOCAL 'CHANGE TRA1 Whole of Local List Generally Lower, With Business on,' Small Scale Changes in Majority of Cases Are Narrow Stock and vvarinnts of the American tins Company developed weakness In the trading on the Philadelphia Stock Exchange today The turning downward In the price of these Issues, which carried the stock off 1 points and the warrants 2 points, could not bo taken as a market Indicator, however, as the lower prices were brought about on very light business The declines, though, were In common with the general list, which tanged In many cases below the final of .v esterdirt When traders came downtown this morn ing they found that nothing of any great Importance marketutse had developed over night, ami In the absence of nnv news which would affect nnv stock It was to be expected that the turnover In stoi ks would be small nil through the day Added to'thls was tho fact that the exchange will be ilosed tomorrow In observance of Inde pendence D.tv. and there uns much ab senteeism In the Street Those few traders who came downtown were not disposed to do nn thing, adopting a waiting attitude While the majority of movemeht I prices, as stated above, were on the down turn, the changes were mostly narrow, ran. Ing below a point as compared with ! final figures of yesterday. Tho losses in'th American Gas Issues were the widest mess-' ments recorded It was natural that trust' should be some attention devoted to Has rails, due largely to the shakedown whs they received In New York yesterday, Brlsr In this group showed more activity thm usual, and was a point Itower, whH -Pennsylvania Railroad was unchanged at ' Of course United States Steel common wns the most active, but the trading In that Issue was not half as large a yes terday It moved over a very narrow range all through the session. For a time Lake Superior, which held the greatest attention as far as the home shares were concerned, was a little lower, but In the afternoon the loss wns recovered and 0, fraction morc While very little business wns done In Philadelphia Rapid Transit trust certificates they succeeded In main taining a slightly higher level. JlZrkJto!idSalc8 Tes'das II Oil 12 Of) 2 oil close Open A .11 M P M Jul! 21 so .-. n 2.1 ,S 25.25 21111 Auausl 21 V) i Inner . 2". 3') "Ml 2.124 24 .IS 21(10 Nmemlier 2113 Dicemher 21.11 21 OS 2137 2170 24. s4 limiar 2101 2130 . . . , nh . 21 SI "1711 Mny 25 72 Cotton Buyers and Sellers NEW YORK. July 3 luly Hym.in nnd Sellnr bought : Burnett sold December McEnany. Gumocns. Mont gomery, Mitchell, Ilentz. Wilson. Martin nnd Cone hought , Orvls. Rlordan, Watklns and Gilford sold January Kclffer, Downs and Schlll bought; Sellar. McEnany. Rosenberg. Hentz. Orvls, Geer. Beardsjey, Hjman, Brooks and Kllnn sold March Schlll bought ; Cone. Rosenberg, Watklns and Wilson sold , October McEnanv, Hyman. Glfford, Rus. sell. Monler. Wilson. Rosenberg and Trav ers bought: Downs. Brooks, Stock, Hentz, C Hicks and Orvls sold NEW YORK COFFEE MARKET NEW YORK. Julv 3 The market for coffee futures opened steady, unchanged to nn ndvanco of 2 points. Trading on the call was quiet, sales amounting to 1250 bags. Right after the opening there was a sharp decline In values due to a leading broker offering a large block of March, and May prices dropped off 8 to 12 points, De cember declining to 7 84c nnd May touch ing 8.07c. Toai ye yrsierilay s close 7 ),07 A3 July tuust September () tolwr November December Innuarv . 1'ebruary VI j nh . Vprll .. May .. openlns 7 00 7 f()7.00 7 00 JP7 04 n'ii (1 13t?8 10 :nti7 71 7 70i7 So 7 S.Ui7 81 7 H707 8S 7 BKh.7 01 7 9H7 07 8 01 ti H IIJ R 0HR 07 8 11W8 1J S ll)&'8 17 IllEll 1121000 Ansln.Krenrh ." !)V. Ji"i" Am Forelsn ti .Is 0.114 tlnoii Amer Smell f. Ucnn .Is nj'J 2000 Amer lei ill 4 ST', 31100 do Is lis8, IIIOO Arninllr Co I', a Bill, 41)00 Atihlsiin la . Ssl, 10(1(1 Atlim 'n Line 4s . S7S tnaiiAluii d Charlea 4'int"!1! -000 Unit & Ohio 3H PO'J -MIOO do .".- . 117 V inimii dn is so .11100 iio cvt 4'is Ks 211(100 IlaMwln Loco .Is 11)1 10(10 lirmhn ltnp Tr As llils (is', limn Hush Trm HMir .is vi I nod Cnn (lovt .Is ID.'O 0.1'j t.innii li Is 10.11 . ... niiVs 4000 Cal (Jas &. Hire T.s 01 .11100 ( enl Leather 1st .Is 111) j looo Cent It It N J .Is to'i I111111 Chill Copper 7a . I2J 10(10 Ches Ohio cv Cis 7s .loin) 1I0 4Vs SI'-s . lo conv .Is . . S.7H .looo Chi Kast III 4s 31 I'lliMI Chi II 4 Q Joint 4s . P.l's uhmi no reir is , ii, LONDON STOCK MARKET Brisk Business Takes Place in Securi ties Home Lines Steady LONDON, July 3 A fairly brisk busi ness was done In securities on the Stock Exchange today and the markets, in the main, wero firm, with a tendenc to harden further The advance of the Russian troops In Galicla and disbursements of 1,600,000 were the factors Against the dlstrlbu tlonr was a call for 1,500.000 on the New South Wales loan The feeling In the gilt-edged section was cheerful, with prices higher Allied bonds were confident and improved Americans were lower and a disappointing May report caused Canadian Pailflcs to recede In sym pathy Home lines were steady, except South easterns, which were weak on liquidation for estatea of deceased persons. After ad vancing, Argentine rails became Irregular Hudson Bay shares were strong on a favorable report on tho sales of land by the company for the quarter. There was tiuylng of armament and brewery descrip tions Mines were slow. Rubbers and oils were hard Union Oil Declares Extra Dividend LOH ANGELES. Cal, July 3. Union Oil Company declared the regular quar terly dividend of $150 and an extra divi dend of (1, pa) able July 20 to stock of record July 10. INACTIVE NEW YORK STOCKS Following nre quotations for Inactive stocka listed on the New York Stock Ex change and In which there were no transac tions today. The price given Is the last previous close Adiance numely 1M4 Advance Hum pf 2S14 A)x Hllbber W Am Aitl 81K Am Agr Chem pt lus Am lieet Cue pf 1UJ Am llrake S3 4 K 10J1. do pref 200 Am Car V pf..H8 Am Cot Oil pfd.. 03 Am Eipress ....loo Am Hide & L pt 6IV4 Am Ico Sec 23. Am Loco pret. . 1U4 Am Sugar pf... 118 Am Sumatra pref 98 Am Tob new . 101 Am Woolen Pf us Am Zinc 4 L pt 02 Assoc U a 1st pf fiJ lluldwln l.ocu nt.liiu Uarrett Co . Ill barren Lo sub re. 11 4 Kutopllaa Mining 1 Uth Steel. . . .145V tleth Sleel pf 120 Crook Un Gas. .. 103 Urown Hhuv 1 i's Urunawlck . 11H Hutterlck Co la Chi 4 Alton.. . IS cnl 4 Alton pret 23K Chi 4 Nwnt pref.UO Cluett Pbody pf 110 Co) 4 Kouth ... Jl do 1st pref. , . A3 Consolidated Uaa losVi Con Oae ot Halt MIS Cont Can . . IMVi Cont Can pref 1)2 Con Int Cat Mln. ' Vi Continental Inaur Blvi Cuba-Am Huar..lU0 Cuba Am Sua pfd 103 Cuba Cine Bui pf 01IV1 Pal Lack 4 West. 210 Den 4 Itlo Orands 0 1 t roit cdiaon 1SA4 Krla 2d pref 2ft Fed M t B, IS fission Williams S3 Oen Chemical ..2411 (loodrlch I) K pf 10IU Granny Mln ,,,,. x Havana Kite ....101 llomee-ake Mln.. 108 Int Atrlculturs , IS Int Ilarvta N J.-ll.. . do pref ,. ...lleSt Inttr llarv Corp . 7o MU ' .,,,.1U, Intl Nickel prat 101 Llstett4 Mjers. , do pref Lone 1st eta of Loose Wllea Ills Lorlllard i Co. Mackay Co . , . do nr? Mannatten ncn ueni 233 .119 d 4U 17 203 ... . 62ft ... At Ble .114H uv Mo Pac c of d f p 01H .iun. j-nwer J i Mont Tow pref.. 112 National Biscuit 10SH Nat Enam 4 8 pf 08 Nat Lead .. 87 Natl Lead pref.. 110 N Y Air nrake 141 ft Y CM 4 Ht L. 27 N Y C 4 St L 2d 6UU i Dock in N Y Dock pf 38 Nor 4 South 24H Norf tt West pf sj Ohio Kuel . 411, Tao T 4 T 28 Pero Marq pr pf ct 03 Pen 4 t-lasl . . m Pitts Steel pref.. 100 cilta W'est pfd Alls Press St Car pt lot Qultkallvtr pref, 1 Hy stl Spg pref. SH Rsadlnr 1st pref 41 Heading 2d 01 .. 43 St L 8 F pref... 2 Shattuck Arts . vftft So P Rico 8 207 Stand Mllllnt. . 8Uj Texaa Co rtt 22H Tun 4 Pao ... 16 Tob Prod pref . 1)8 Tol St L 4 Writs 10 Union 13 4 p n El tin Has 4 Paper 11 Union Pao pt . 74 Unit CIs a pref llx United Dyewood. G8lt U a u I P K 1 V 8 C I 4 P F pf 7Vj U 8 Ind Alco pfd US U 8 Itub 1st pf,.107H U 8 Uealty Imp lftVa tr 8 8m.lt 4 Rrf ha V 8 8 4 rtef pf, 40K Va-Car Chem ,, 42H do prsf lOaVi H'tlla-Farso Exp S VVf.it Md 2d pref 3VA W'h'sa Mf 1st pf AS vv I'eo k n pref ain noun Chi MA.st p rfd 11 4' S4 .moo do cp r.s .. .Iiki', 31(1101 iln sen 4t s . S('4 SHOD Chi It I A P rfd Is . 7(1', tiiiMM) lo ,1s ct one stn 72 100(1 do 4s . . . KO 4000 Clev Sh Line 4Vs ()7l l(l0 Col Industrial 3s 7R l.mio cily of Paris (Is 044 -'i)i)0 Chi llwis ,1s . li2'i 30l((l Detroit l'nlte.1 4',3s . SO M i;rie 4s Scr A -n'4 tiKinr do 10m 4s Ser I) tin lolonn French Republic .".'4 n.' soil" din Klec deb fis lnji4 1.100O III Steel drb 4'js S7' .'looo Interh Met 4'is (II 1000 Inlerb R T ref .Is . 03 1 looo Inter Mer Mar . 10', innil K C Ft S . M 4s 70l nono ,0 r.s . .lot looo Knn Clt So r.s . . si (1000 Lk Sh deb 4s 10JS IIJ", lonofl Lontr lslind r,s 37s 79 000210 LH, Itoml wl 3V4s 100 2-10 OJllflo L.ons (la . ... !)4' 20110 Marseilles (Is . . 01 2000 Mo Kan T 1st 4s (IS SHOO Met V S Kiev of Chi 01' 22000 Mo Pac 4s . .19 .Minn NY LB t WD I .la 102'4 100(1 N Y C & It 3V, s . 70 100110 i lis lot', 1000 ln 4s KlC tnno do 4Ht , . 0.", 11)00 N Y CIO 4s 101S 01 1(100 do ma Nov 1017 101 mono v y N it 11 r.s on 1000 N Y O A. W 4s ... (1H' .1000 N Y lty ,1s IVj 1000 ,N Y Htnte Rum I'is 7.1 looo N V Tel cen 4' a... t)4 2(1011 Nor I'nc Is . . s(l lllioo do r.s . . ()1 J 4000 Ore Short Line 4 H7N, 20000 IVnna sen n 4U .. I'l's mono do tn 4'4 loov, 2000 Phlla Co conv 22s . . 02 10O0 Public Ser-lce N .1 ,1a 87', 110OO re MarntiMt ,1s . R0' 1(100(1 Penna It It 4s . . .' RXVi, 0000 Resiling 4s . . R0 20(KI Itrnuh Culm Is 1(101 ns, "(10(1 Rep r A S .Is 1004 10(10 SI I. A 8 P alt (11 .loon do ST A . (11,t "lion st I.'iuls Swn Is 11414 looo San A A Ann P 1st 4s (12U "o'to South noil .is WIS (IToon Snu)h Phc cv 4s , Rt, 7000 South Pac iv .Is (IS omul Moutli Rhv sen 4s . din, 2000 do 1 on fis . lis noon Third Ave ref 4s . . mil, 1000 P s Oovt . ini 17000 X' H nublier .Is . SIS 22000 U 8 Steel s f .Is 104S 10000 do a f retr 5s. . 104 1)000 Pnlon Pao 4 . . 02'i soon V K It A I .Is .. 074 J inno ,lo IV, sj 1MB pni, 17000 do .ms inin nn, 2SOOO do r.V.a nv 11110. 0!ll4 lnnno do ri- 1021 niU liiono Wahneh 1st .Is 1004 2000 West Md 4s 70 03S Vl 1)J'; S7'4 DSS 00'. ss, s7. DO'-, 1)0. 07'i Sll Si's lot 0'. Sll1, I'l's 111', ni. UBS 109 '! 8174 "7 31 ll.l". -.;, 8I4 Hill's SI) 7o' 72 SOs l'7's 78 04 024 80 88', () 08V 102'i 87'. 2 03 00s. 704 10.1 81 02', 11 ', .1 p m. P3S 1)1', K2'J S7', nm, 88'. h?S no'; 07', sn 87', 101 0's S)l4 lid's 914 DOS 109 1 22 7sji Sit, 7S .11 0.1, on, 84. loo', 81 701, SOs 07's 78 04V, 024 80 88', M n8, 102', m ni not, 704 101 81 024 ;o'. 100 100 l-SO !4's 04 0" US 0V4 .1R 1024 70 IOC, H1H 02'i 0.1 1024 11(1 nn', 2l 7.1 111 80', 07lJ S7J, loo?, 02 R74 so SH4 80 "4 OSS 1004 111 1114 1144 .124 mi 81Ss OS', (10'4 IIS (K14 101 814 104'i 104 024 07 4 n.', OSS tins. pis. ion', 70 01 08 014 r.9 1024 7P 104', 814 1)24 01 101 11(1 1194 214 7.1 04 80 03'. ,S7S Ot. 1004 02 874 80 884 so ; osv 1004 ni in"; 1144 1124 ons 81 U ns'4 0(14 us 004 in.1 8iH mis 104 02'; 07U 004 IIRS. !in4 nis, 1004 70 Sales in Philadelphia 100 18 12 800 13 10 470 33 437 ISO 160 40 270 100 35 33 240 2370 01 24 23 82 Am Stores . . Am Das war fi Am Ons . IIJ Am Rys pf . . Bait & O .. Bald Loco . . Buff & S pf 40 Crucible St 00 C M & StP . . Chile Cop . Elec Stor Erie . . Ins CoNA Int M M pf Key T C pf Lk Sup C Leh Nav. . Leh Valley 02 Pa R II. . B2V4, I'enna halt Phlla & W 10V4 Phlla Co. . do cm pf Phlla Elec 30 PRT t c . 29!H, Phil Trac . Ray Cons. Reading . So Rwy .. Ton Bel.. Union Trac 42 Cn G Imp 78 U S Steel .128 W Cramp & Sons'. . . . Low. S 40 on 60 24 23 82 10 18 614 32 10 29 20 38 03 26 4 42 78 127 28 03 26 4 Close. t 3 111 to I t70 t7S 40 00 t7 tsitt 1 24 25 82 05 10 t77 62 tt6 10 t38 t38 29 29 t7 28 03 26 4 42 78 m Net ctute. 1 - 3 Knox Steel Dividend Jumps 5 Per Cent NEW YORK. July 3 Sharon Knox Pressed nnd Welded Steel Company's divi dend of 10 per cent, which was declared to he paid to stockholders of record July 1. represented nn Inerenso of n per cent over tho last quarterly disbursement Singer Declares Red Cross Dividend NEW VO'.K. July 3 Tho Singer Manu facturlng Ct npany declared a Red Cross dividend of I per cent, payable July 3 to stock of record June 30 BONDS Net .. . , Hlh. Low. Cloie. chge $100 Am Gas & Elec 5s.. 02 92 92 20000 City 4s '46.100 100 100 1000 Elec & Peo Tr 4s. . . 78 78 78 8000 Leh Nav cons I Us 98 98 98 Leh Val ens 4Hs 2003 .. .. 06 . 3000 Liberty Bonds vv I 100 100 100 ,. 10000 Penna Co cons 4 s 1960 ...100 100 100 t 0000 do temp cts 4lss. 94 04 94 2000 Phlla Co cons 5s. 89 80 80 100 Phlla Elec 1st 5s ..100 100 100 V 10000 Reading gn 4s 00 90 90 Span-Am , -, I 6s . . tlOl j. I'n Rwy Inv 6s . 23 8000 US Steel 5s 101 104 101 INACTIVE I'HILA. STOCKS The following are quotations for stocks which did not stll today, and the prise given Is the last previous close: Ame rtwss pref 01. Midvale ., SIT, Amer Storea 13al Loco pref llaldisln Loco II LIT 4 Sua t c Ilrlll J a Cam Iron .... cam steel 8.14 North Penna ... 904 100 Penna Salt Mfg.. 03 70 PRT. ....... 294 n.n. Phlla Co ,. sa 2n4 do cum pref .. 384 41 Phlla Traction . 78 .ISO Tonopah Pel 4S Con Trac N J... 73 Tonopah Mln ... 64 ft' un a-na IM ... Catawlasa 1st pf Crucible Oen Asphalt do pref . . . Ke atone Tele Lblgh Nav Mlnchlll . . Un Coa N J 218 wis t'nlon Traction 4J 204 IV Cramp 4 Sons R2 nn Welsbach ...... 44 13S Westmoreland .. 7n 774 York Uwya pref.. 37 GOVERNMENT BONDS 2s. registered. 1030 2s. coupon 1030 . .. registered 1918 3s. coupon, 1018 4s. registered 1925 4s. coupon. 1925 Is, registered 1040 3a. coupon, 1048 Panama 2s registered, 1938 Panama 2s registered inaa Panama 3s, registered. 1081 nid 084 084 ntS 08 1014 1033 84 96 08 80 Asked I !We beg to announce the withdrawal of I MR. THOMAS G. STOCKHAUSEN - 1 from our firm as of this date. 1 R. M. STINSON & CO. North American Building July 2, 1917. Philadelphia Intl NCkel prtt lot , Wllaon Co prsf 103V I ,.wa-r,rt.,i. , 4H .WoclworlH ... 124 I Lcjd q .. , Worth P4U pfA it I The Greatest Washday in History A Western school teacher washed a lot of ore-sacks for her brother, a miner. She noticed glints of met al In the oily froth. Though heavier than water, the fine grains were floated bv the greasy oil film. Thus, accidentally was dls. covered the 0(!-F!oin. flon Process, which by Increasing the re covery of values has Increased the produc tion of many metal mines 30, 50 and even 100. It should mean millions to Ohio Copper. JO.VES B A Kelt. ll'Mnier 140., rhtladttpMa, Fa. Tou may aend ma your report 134T.U. , ami iMiMii"iHMtii'i-'i Addrttt , , Ci'V ..... Btatt ,,,, Do You Know the Latest on Ohio Copper? fllDo you know that Ohio Ml Copper has 10,000,000 tons of ore In sight? fJThat Ohio Copper Is now Tlltreatlng 2,000 tons of ore dally and Intends to in crease to 3,000 tonsT fJThat Ohio Copper Is now Ml Installing a complete oil flotation system which is expected to Increase the re covery of copper ore over J5? (iThat the present earnings Ml of Ohio Copper are about fSO.QOO net per month? Send for Report 154-T.V. JONES & BAKER 8T0CK BROKERS Widener B!dg., fhlUMfUk Ball. Walnut 1690-1, KtlJtone, Race 2390. New Yetk Rests Chicago ritttkaryt. fe.'.,;?"- "; m 01 ' " Hfl
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