peg -f -,! . tf. r,V '' ? & ft I f TVJf--' ,' 7ffC. Byi3NINa LEDCHBR-HILADlJLtelA', TUESDAY, JULY 10, 1917 TAX FREE ISSUES UHlTttD STATE8 LIDERTY LOAN 3J.S 4, PHILADELPHIA AND READING RAILWAY IMPROVEMENT 4 1947 PHILADELPHIA ELECTRIC COMPANY FIRST MORTOAOE Si 1069 EDISON ELECTRIC COMPANY (LANCASTER, PA.) FIRST 4. REFUNDlNQ St I 1943 REILLY, BROCK & CO. BAMKKX8 IDS CHESTNUT ST. Philadelphia "Ordered Overseas" Fiscal and Investment Service to Americans going abroad Booklet on request Bonbright & Company MORRIS WISTAR STROUD, Jr. Manager 437 Chestnut St., Philadelphia New York Iloftton Chlrauo Detroit lAtiulon I'nrU William I nonbrlsht & Co. IIanbrlir.it & Co. .OI.lark$go. BANKERS (Established 1837) 321 Chestnut Street Philadelphia SiWW mm i i i i WWW ill WWWPraTSJIK! nn wi 1 'fa il Ai a rwult of larcn rtirnlu, ox companirs in me on itiauft'rv, hoMcr ut oil ilnr. have irtlrt pa ted In iMa pr"(iertt7 through cub dltldfudK and Mock n it loin, at well as Imn-tsome market prnf Its. IfrllcnUonv olnt to a co'i tlmiiDC of tbl iroierlt. J A comprehrtiitvp nrtlclo on tho preient iltuatUm In oils Is con tained tn the current Uine of vat fortnightly publics. Ion. "Investment Opportunities" ij This Dumber. n well as sec- ccMlng Utues, will be fftit wltU oat charct upou request for B2-PI. Including ur booklet ex plaining "The Twenty Payment Plan" " bvtsimeKtAartilu v (Established 1008) 40 Exchange Place New York to '( 'A A mmimwmmmmmMiiwmifft Morris Brothers Co. Established 1193 Bonds for Investment Municipal and Corporation 1421 Chestnut Street FINANCIAL NEWS GAINS RANGING UP TO FOUR POINTS ARE RECORDED IN WALL ST. TRADING Stress Laid Upon Larger Returns to Railroads on New Rates Than Had Previously Been Figured. Professionals Overextend Themselves High Points in Today's Financial News More cheerful sentiment apparent in Wall street, with stocks advancing from l'i to 4 points. Better tone shown on Ihoad Strcta Curb. New high records established by corn in Chicago. Cotton dull, with little change in quotations, liar silver at new top marks in New oYrk and London. Unfilled orders of United States Steel Corporation on June SO 503.S04 tons smaller than at end of May. Swiss and Russian exchange stronger in foreign exchange market. Money easier. NEW YOIIK, July 10. A more cheerful sentiment was apparent In tlio stock rnnrkct today, mid there was n considerably enlarged volume of business for n midsummer market. Stress wns laid upon larger returns to the railroads on' tho new rates than had beon previously figured, and more Interest was shown In Saturday's excep tionally strong bank statement, which was reflected ngntn In easier rates for time money. Tho corn crop forecast, the war neWB and tho United States Steel tonnugo statement were discussed favorably. It also became clear that the professional bear traders had overextended themselves yesterday offering down stocks In a narrow market. Advances Hinging nil the way from 1 to 4 points took plaro In nn unusually extended list, with tho maximum Improvement In Industrial Alcohol. Corn Products mado n new high record In connection with the crop report estimates nnd predictions of Impending favorable dividend notion. Such gains were scored as 2?i In Pittsburgh foal and Atlantic Onlf, 2 -14 In Bethlehem Steel "U," 2Vi In Cruclblo Steel, 2 In Tobacco Products nnd American Sumatra Tobacco, 2 In (Jeneral Motors, 1 Vi In Hepiiblle and 1 In United Stntcs Steel common, which reached 120. In the railroads Heading gained 1 to 96, Missouri Pacific, when Issued, and Hock Island, when Issued, respectively, 1; St. Paul 1 and Union Pacific . Tho motor shares showed support. General Motors rising moro than 2 points. The bond market showed lncroased activity, with transactions In tho United States Liberty Honds up to tho early afternoon amounting to about $1,800,000 out of u total of about $3,000,000. , BETTER TONE IS SHOWN ON CURB; SUPPORT FOR HIGH-PRICED ISSUES NRW YORK, July 10. Thcro was n decidedly better tone with activity In tho Curb market today, with good supporting orders In many of the higher-priced Issues. Small reces sions were shown after the opening, but this was quickly followed by n good upturn, many Issues showing gains of from a small fraction to moro than a " point. Curtlss Aeroplane, after a small reresslon, moved up nearly 2 points. Wright-Martin was In fair demand nt a fractional-change. Hutterworth Judson moved up 3 points on small purchases. Submarlno lloat rose moro than a point. Aetna Explosives and Maxim Munitions ruled steady. Motor stocks were Ilrm but less active. Chevrolet Improved n point, while United Motors on light trading roso . Oil shares were active nnd somewhat firmer, Midwest rteflnlng fluctuating within a range of 5 points. Other Independent Issues moved within narrow limits. Mining shares were iulet, with tho exception of sliver Issues, which developed a firmer tono In sympathy with the strength In the metal. In bonds Husslan Diss and 6s were strong nt a further advance of 1 point for both. INDUSTRIALS 111,1. Air Reduction si American Stores 34 Aetna 1-Ixploslves 314 Amerlcan-Drltlsh Mfg .. l American Marconi SV4 Amerlran Writing Paper. 3V4 Canadian Car Co 30 Can Car & IAly pref 10' Charcoal Iron V4 Chevrolet Motors 1)1 Crump SO Curtlss Aeroplane 30 Cnrwen Tool 1 1 V4 Carbon Steel 101 Hmerson Phonograph . . . R Federal Dye 40 Hendee Mfg SO Knthodlou nronse pref,.- IK Lake Torpedo Boat .... 7 Lehigh Coal Sales 75 , Lima Loco SI Maxim Munitions 3 Marlln Arms 0.1 N Y Shipbuilding 41 Nor Amer Pap Pulp .... Vt Otis Klevator S3 Peerless Motor 13 Poole Kng 10 Itedden Truck 1 Santa Cecilia 20 Santa Cecilia pref A3 Scrlpps-llooth 2.1 S S Kreege w I 0.1 Standard Motors 11 Steel Alloys 6 Submarine 2 Ten. close. Asked. (Sale) 80 3D 4 5 12 4 31 7.1 0 1)3 02 8(1 30V4 3 12 11 10,1 1 T. St Joseph Lead Todd Shipbuilding Triangle Film Cnltert Profit Sharing .. Cnlted States Steamship t'nlted Motors United Sugar World's Film Wright-Martin Air ZIno Concent 1 83 ir. V 4tt 2.1 3.1 V, Ti Hi 2Ti HTAMtAltl! OIL STOCKS 32 ir 80 1 100 in .1 Sft 10 00 18 20 02 100 12 20 10 80 n; 4'.i 2.1 Vi 30 1V4 2'zi 084 4Ti 1 1 ',4 27 Si 'ill 414 2.1'.(, "94 84 Illinois 209 Ohio 337 Prairie Pipe 207 Stand Oil of California. .208 Stand Oil of New Jersey.Blo Stand Oil of New York.. 278 iNnr.i'KNDr.NT on, Harnett OH & Gas IV. Cosden OH .... 13 Cosden & Co 127i. Elk Basin , 10 Federal OH 4 Inter Petrol lSVi Houston Oil 20 Merrltt OH 20U Midwest Ref 145 212 340 211 202 883 282 STOCKS 2 13H 53'.. 10H 41i. 13 14 22 2i 141 2 12 12Tli 10 1314 2714 146 INIIKI'KMMLNT Oil. STOCKS Continued Vm. clnc. Illd. Askfrt. (Half! Met Petrol Ohio Fuel Oklahoma fief . . Osago Hominy . Itlce OH Sapulpa Itef ... Seauoyuh Sinclair United West Oil 1 18 11 704 1014 Hi 2S MINIMI STOCKS Alaska Standard Atlanta 2.1 10 Dig Ledge 2 Illsbee Copper (a pros). . V Butto Copper & Zinc .... 10 ',4 Butte New York 1 14' cal & Jerome I H Con Ariz 2 Kmma Consolidated .... (ioldfleld Merger B tioldfleld Cons SO (Ioldfleld Florence 17 Cioldfleld Kewanas 13 Greon Monster 14 Hecla Mining 8i4 Howe Sound B14 Jndependencn Lead II Jerome Verdo 1 V4 Jim Butler 80 Jumbo Kxtenslon so Magnate Copper V McKlnley-Darragh 48 Magma Copper 42 Mother Lode 20 Mines Co of America ... 114 Nevada Hills 20 Nevada Wonder 1 Nlplssing 1 Ohio Copper 1 14 Bay Hercules 3 San Toy . 11 Stewart W Tonopah Kxtenslon 2 United Verde 3014 West Knil Con 65 White Oaks 3 White Caps 1 Yerlngton 20 BONDS Atlanta Charlotte Ss Bethlehem Ss Cosden Oil 6s Cosden & Co 6s . . . Cudahy 5s Krlo 5s New Haven 5s .... Busslan Oov BiAs . . Itus.ilan Gov 64s .. Southern Itwy 6s . . Sinclair OH 6s Todd Shipbuilding 6s 07 08 00 0.1 00 08 S 71 8K 08 00 101 K Y Cities 414" 1024 Ml 10 14 ltd H 10 1 21 U 30 11 21i 14 io-1i 1 114 214 1 1 B2 20 1.1 1 HTi. 5i 12 8.1 33 I 52 4.1 21 1 28 1T4 1 1 4 10 11-32 214 31 14 10 'ift 28 08 08V4 102 100 00 0814 0014 18 80 0814 9.1 103 103 lOf. 10 1ft 20 ft 1014 2 V. IVj 214 1 . II .12 1 ll Hi 83 31 T4 SO 27 1 11-32 214 37 li 0814 100 78 80 BAR SILVER REACHES NEW HIGH QUOTATIONS rnorosAi.s DETAllTMENT OK CITY TRANSIT 7S4 UOUKHB lHJlI.niNO PtalladelDbU. Jul 3, 1017. irtitti to lha underpinned at tho office abov&rt .,. will Km PMlvri until 14 t't,l, nAAn I on Tueadar Julr 24, 1017, and opanad Imme diately thereafter, for the followln work; ap Durtenant to tba FranVtord Elevated Railway, and authorlted by Ordinances of Counella ap JrVred July 2. 101B. and July20. JOlOj Caat Iron Floor Dralna and Rlnf oroed Con' trite Slab Footwalka from Callowhlll rltreal to Indiana Btreet. comprlilni about linear feet or atructure. CONTRACT NO. 027 Cocrjta Track 1 Cast Iron Floor Dralna -and Reinforced rnti Slab Footwalka from Indians Htr Syra Streat, comprlalns about 10,000 Btreet 13,031) . Af BtraMurit. CONTRACT NO. 628 -Alternate, proposal, croup- Ins Contracts Noa. 82 and 3S7. l'lsns and aprcincatlons can ba aeen at Room 748, Bouraa Uulldlns. and copies of ssms, with blank forma for proposala. will bo supplied to lntendlnc bidders upon depftslt of 110 (cssh or certified check), for each aet of plans. Deposits will ba refunded upon return of plans. Ulddsrs 'must be skilled and reruUrly twmt In lbs class of work bid for. No Md will ba conaldered unUaa accompanied fcy a certUlcata from tha City Solicitor (hat a propaaal bond In tha aum of five hundred dollars (1500) has bean .filed. In accordance with tba provisions of arf ordinance approved Way 25, Tba OiratUr yeesryej tba rlrt to rajaet any r all bids, aa ba may deem beat tor tha Intcraat eat tka Cltr of fMladalpbta. ua vw rBuu, (j fc TWINN(jt '- tirwKivff The continued advance to a new high record for silver In New York and London Is In line with tha expectations of the best trade authorities In this country, and pre dictions are freely made that the whlto metal will move up considerably from the present level. It Is stated that the buying has been on a large scale recently, and from the Inquiries which have been made It Is taken for grant ed that the demand Is far from satisfied. The United States Government has been and still Is a quiet and steady purchaser and within the last ten days" China and India have bought direct from this Country. Silver has been shipped from this country to the usual channels of consumption, via San Francisco, recently. It has been found that the charges have been smaller by the croai-country trip and then from the Paclflo coast than they would be If sent from New York or other Atlantic ports to London. Last 117 Today. Tea. Tus. Hlth, Low. New York (cents) 1i 78S 77Jt 7UV4 71 London (pence).. iOft S9 31.1s 40, 35(, NEW 'YOKE STOCK SALES Net lllch. Low. Close, chae. Net AJax nubber .... fl 91 7i Vi Alaska Old Mln.. BH 6Yt W Allls-Chalmers .. J814 2V4 Vi .. Am Agr Chem .. OSli 0214 OSli 1V. Am Beet Sugar.. Olli OIH 01 li Am Can 40 4814 4014 H Am Car & Fdy Co 17 78 70H i Am Int Corp ... B4H 83 B314 V4 Am Hide A L pref 61 61 61 Am Ice Sec 10 10 1014 Am Linseed 24T4 24); J414 do pref 62 004 02 2 Am Locomotive. .. 7014 ooy 70 do pref 103 103 103 14 Am Malt 11 10 10 14 do pref 60 0314 60 14 Am Smelting ...105 104 10.1U do pref 113 113 113 14 AmSumTobCo.. 404 471i 40 2 Am Steep Fdy 70 00V4 '4 Am Sugar 1I0I4 11114 H8V4 .. Am Tel & Tel 120 120 1201. 14 Am Tobacco 100 100 106 3 do pref new ...10014 100V4 10014 n, Am Wool 2!' B114 TA 14 Am Writ Pap pref 4014 40 40 Vi Am Zlne & Lead. 3014 soli 3014 .. Anaconda 70T4 70V4 70V4 14 Atchison 100V4 100 100V4 14 do pref 06 06 06 Atlan Coast Lino. 110 10014 110 1 At! Gulf & W I ..101 10114 10114 do pref fll 60 61 1 Bald Loco Co 11 U 00 1014 1 Bait & Ohio 1114 10 11 1 Batonllas Mining. Hi I 1 ..13214 12014 13ii 2 H4 Vt V4 2 t-lTfc Beth Steel II Brook Ban Tr... .11 5h 81 Burns Bros ino loo 100 Butto & Sup Cop. 40 30 40 Canadian Pac ...18814 1.18t4 158T4 Central Leather.. 8!) 8814 V4 Cent & So Am Tel. 115 113 115 Chandler Motors.. 8IT4 8214 8414 Chesa & Ohio no B 5014 ChlOt Western pf S2 32 32 Chicago M & St P 1014 0 70 do pref Ill 100 100 1 Chlo & Northwest. 108V4 10814 10814 14 Chlo It I & P w I 30 31 86 Vi 1 do full paid ... 67 0.1 07 42 do 0 p o pf w I. 67 Vi 07 0'Vi 14 do "pc pf w 1. 7114 11 11 V4 Chill Copper 2114 21V4 2114 Vi Chllio Con Cop... .1.1 51 li B414 4 Col Fuel A: Iron. . . BO 14 3(1 5014 V4 consol Gas 108 108 108 14 Cont Can on 14 00 14 00 14 Corn Products ... 30 Vi Crucible Steel . . . 8,T4 Cuba Am Sugar. .188 Cuba Cane Sugar 42 Pf Did & Hudson Denver & It ( Iioine Mines . Distillers Secur . i:rle do 2d pref .... lllk Horn Fuel. . (Sen Cigar Stores Gen Motors .... do pref Ooodrlcli B V .. Great Nor pref . 1I2'4 . 13 . 12 . 21 . 23',!, . 38 . 30V4 . 3.1 .11314 I . I) (I . 50li 103 ,111 108 0014 3114 83 Vi 188 42 Vi 112 13 ins. 2H4 2 1 14 37 3.114 3.1 3Vi ill) 11 Grt Nor oro subs. 32 Greene Can Cop. . 41 Gulf State Steel.. 12 1 Haskell & Bar Co. S81i Illinois Central . . .103 14 lnt Agrlcul pref . . .1.1 Inspiration Cop . . 01 Inter-Con Corp pr .1.114 3014 8.1 Vi 188 12 11214 13 12 21 2.114 38 3(1 3.1 11.1 14 (III SO'.i 2T4 103 32 Vi 3214 Int Jter Murine... 28 do pref 8.1 Intcrnl Paper .... 33 lnt Nickel Ill Kan Clty.South. . . 21 Kelly-Sprlifgllcld.. 46 Kenn Copper .... 4414 Lacka Steel 03 L K & W pref 2.1 Lehigh Valley ... 02 Vi Leo Itubber & Tire 11 14 Llg & M Toh 23214 Louis & Nash. . . .12.114 Manhat Kl lis Max Motor 41 do 1st pref 68 Mexican Petrol . . 0814 do pref .....'.. 02 Miami Con Cop . . 41 Minn & St L new. 11 M S P & S St M..102 Mldvhlo Steel 01 Mo Kan & Texas.. Vi Mo Pac w 1 3 Hi do pref w 1 30 Vi Mont Power 8.1 Nat Acme 3Vi Nat lOnam & Stpd..41 Nat Con & Cable . .3.114 N Tt B Mex 2st pf. 5 Nov Con Cop 2 3 V4 N Y Air Brake 138 New York Cent.. 88T4 N Y. N It & II .. 3614 3014 I 123 38 li "103V4 .1.1 0014 5514 27T 81 33 III 2 1 14 40 44 00 2.1 01 17'i 22.1 12.1 115 47 08 00 01 41 1514 102 fll (114 20 B0V4 0.1 34 Vi 4014 43 8V4 23 41 121 38 103 5.1 00 Vi 8.1 Vi 28 '4 SIT!. H4 1 214 214 14 Vi Vi 1 14 3 214 Vi -2 Va Vt Vi 1 14 33 Norf & West .121 121 Northern Pacific. . 10014 Nova Scotia Steel 0.1 Ohio Gas 120 Id 21 40 II 0214 23 6214 1714 232 Vi 12.1 11.1 47 (18 17 14 01 41 17 102 0114 61, 3114 8614 0.1 1 3 Hi 41 3.1 5 23 13714 137 88V4 8814 36V4 121 2 Hi 14 1 Vi 4 414 1 3 1 1 1 14 114 Vi 08V4 100T4 do rts Ontario Silver Pacific Mall .. Pac Tel & Tel. Penna It It Pen Gas & C. 61 3 2714 2SVi 52 Vi 7614 P Marq pr pref ct 63 0.1 118 (12 5 27 2514 52 75 63 3214 63T4 50 0.1 120 6214 5 27 2 2 li 1 3NACTIVE NEW YORK STOCKS Following are quotations for Inactive stocks listed on the New York Stock Ex change and In which there were no trans actions today. The price given Is tho last previous close. Adams Kxpress.,110., Advance Ilumely. 15't Allli.Chalmera pf 82 Amer Ar pref HO'i Am Iteet Sua pf..l0J Am llrsln a F.102K . do pref 200 Amer Csr h F pf.110 A,n Colt.in Oil . SO Am Cot oil pref. 03 Am Kxnrpen ....100 Am rimelt pf A . HI'S no prer 11 i m flurnr rtref..llS Am BumatrA pref 0. 2.1V1 .12 '4 Vi Pitts & West 3314 do pief 04 Pitts Coal cts .1814 do pref rtf . . .s.120 Pierce Arrow 4014 Pressed St Car . 74 do pr 102Vi Pull Pal Car 140V4 140 Quicksilver 1 Bay Con Copper.. 28 Beading oou Hep Iron & Steel. . 0214 76 63 32 Vi 04 57 Th LOCAL MINING STOCKS TONOPAH STOCKS Bid. MacNamara ,...,,....'...,...., .22 Midway fie Mlipah Extension , 10 Mentana 20 North Star 11 Rescue Euls. , , ,21 West End .80 QOLDFIELD STOCKS Atlanta ......... lllue Dull , ...... fiootb btamonBeld II D,. Daley .. ... . Oro ,,j Sand (Ken . . Silver rick . .10 .01 .07 .02 .02 .01 .02 .10 Asked. ,2B .10 .!? .11 .112 .08 .04 .04 .02 ,03 12 MISCELLANEOUS Arlxona, tlnltad 28 i.easTJWesTesTesFf ee-.wea aa w aj a-an pa WW ajajpaj ,v 1 COTTON MARKET DULL, WITH LITTLE CHANGE NEW YOBK. July 10. Irregularity showed In the opening of the cotton market this morning. January de clined 3 points and March two points, but other months were 2 to 14' points net higher. The reason for the drop In the two late months was the fact that there were com petitive offers without a demand until prices had been brought down. Boom traders and commission houses were sellers, while southern Interests and one' spot house pur chased. Liverpool was again a seller and It was stated by some of those doing this business that the English center has been active here recently, doing a large amount of scale business on one side or the other. After the call October, which was 13 points higher at tha start, reacted 9 points, but then rallied again, while business In other months was small with little change at the end of the first ten minutes. . Some good rains were1 reported east of the Mississippi, North Carolina having more than an Inch (In several places. Lighter precipitation was. shown In other States. Tha receipts at the ports for the day wero estimated at S00O bales, agalnat 12,7 bales laBt week, 10,076 bales last year and 7804 bales two years ago. Yesterday's close open 11 a.m. 12 m. 2 D.m, zn.iz 'n.KQ yn.BS 2B.7S 26.11 20.20 Uft.07 2R.20 26.32 211.31 So.SI 20.18 28.40 20.42 58.74 20.80 26.00 26.10 ..'.; do pr 10214 Itoyal Dutch .... 6.1 Saxon Motors ... is St L, S F 18 Sinclair Oil 44 Savage Arms .... 05 Vi Shattuck Ariz . . 23 Sloss-Sheft S & I 80 Southern Pacific. 03V4 Southern B It . . . 2014 Studebaker 60 do pref 94 Tenn Cop & Chem 1714 Texas Co 102V4 10 do rts 221i 22 Tobacco Products 62 60 Union Paclflc 138 184 Union Pac pref. . . 80 80 United Alloy Steel 44 44 United Clg Stores. 108 105 United Pap Board 20 20 U S Ind Alcohol. 157 182 U S Rubber 00T4 80 do 1st pref ....108 108 U S Steel 120 124 126 do pref 118 118 118 IV4 14 1V4 2 1 Vi 2V4 118 110 40 40 73 74 101 101 140 1 1 27Ih 28 01 0.1 00 01 102 102 63 63 1 17 17 Vi 18 44 1 0.1 2.1 V. 86 Vi 03 20 Vi 0014 H4 01 17 V4 102 20 22 X 02 V4 2 131 80 41 .. 108 20 157 6014 108 1014 43 04 25 B0V4 02V4 20 88 04 1714 3 Vi SVi 1 Aseno I (I 1st rf 52 lialdivin l.oeo pf. 99 Barrett Co h re 114 IlMnpUas Mlnlnr 1 nth hleel pref 154) llrooklyn Un Oas )ni llrown Shoe .... 71., lirunnwlek HVi Za Petroleum. ..20 Cent lathr pf 112'4 Cerro de l'aico. . 34W Chi & Alton.. .. 10,, do prf .... 2SH Chi V (It Vet.. inS Chi & San Pf ..144 Cluett-Pliody pf .110 Col & Ho let pref B4'i Con 0s of Halt 111' Cont Can pf 112., Con Int Cat Mln 17 4 Continental Ineur 3C Crucible Stl pref 102S Deere Co pref ino Del Lack W. .210 Den Altd 8 Detroit tidleon. . .12.1 1) H H & A pref 0,, Crlo 2d pref . . . 2m Fed t A 8. ... 18 den Chemical.. 510 Goodrich II K pf l'i (lult St SI lt pf 111) Hartman Corp .. 02 Havana Eleo . . .101 Homeatnko ... ,102Vi Int Asrlcullure 10 lnt Cons Corp. . . 0 lnt llnrv N .1. . 110 Int llnrv N J pr. 1 HI lnt llnrv Corp. . 7n Int llarv Corp pf.101 lnt Nickel pref. 1 0.1 lnt Parr pf 10.1 1'iwa Cenlral . . 4S Jt-wel Tea nf I'm KK C South pf.. MH Keok ADM . . 4a Klnas 1:0 F:ii.tr.im Kreea H II pf l(isi litlcdc dm ... 03 Llg A M T pf lt5 I.ona Isl rfa of d in loose IVIlea III!. . 17 Lorlllard P Co. . 50.1 Mackay Co 82tt Mackay pf 64S May Dept Blorea. B.IVi May Dept SIS pf. 1(1.1 Mich Cent ..;. .110 M st pass m pf.i:n , Mo Pac 0 of d f p 1Vi Mont 1'ow pref.. 112 M K T pref 13 National lllscult .110 Nat lllncult pref.llB Nat Lead 57 Natl l.esd pref. .lto N V Chi A Ht l, 27 . N V O A St L 2d BO'l N Y Dock 16 N Y Dock pref... 31 N r Ontario A IV 23 North Amn no Nor A South 2414 Norf A West pf. 82 Onto Fuel 474 invent Hot Much 01 Pan Amn Pet pf. lit Pera Mntq ct... 18 1'eo A Hast 0 l'hlla Co SSVi lly Sll Sprints.. A3 Itradlns; 1st pref 41 do 2d pf 4314. Rt L S F pf 20 St I.OUI A 8 W 3D Seaboard A L pf 20 Beara-ltoehuck... lilfl Sloes Shelf H A 1 17 So I Itlro H, .. .207 S Porto 11 Sua- rts 8)4 South Rwy pf. ., 53 KM ml Milling- . . SS do pi h.1H fllutz Motor 3S4 Sup 811 1st pf . .102S Texas A I'aelflc. . 1S4 Third Ave 11 R.. IHli Tidewater Oil ...IPS Tobacco Prod pf 100 T St L A W ctfa 10 do pf ct 8 Trnns A Wlllms !!'. Twin City 11 T.. 85 Pn nan A r 11 I'd Claar S pf...H United Drua- .... 78 I! S Hxpress .... in Pn lly invest 7H P 8 Ind Ale pf.103 l H Realty Imp. ISli If S Smt A Itef.. nil t! S C 1 P A F. . 21H tl H 8 A Itef pf. -tM. Illuh flee Corp. . . in Va-Car Chm pf.108 Wabasr. 12 Wells. Farso Exp . 114 West Md 2d pf. 8i West Pac pf ... 45 Wheel A I, I! pf II Wilson co pf 10311 Woolworth 124H Worth I'JM pf A 117 Worth l'AM. pf II 00 New York Bond Sales 110000 Adams Bxpr.ss Is.. limn Albany A Susq 3'js IKI.IOIM) Anitlo rr.nth 8s ct.'liMH) Amer For See ra tiooil Amor Smelt A Itef. 4niiii Am.r Tel clt 4. . . S.100II do 3s 1IHIO rtn cvt 4'se 411011 Armour Co 4's 6.11111 Atchison la 2IIUII Atlan A Charles Ss. 1IIUIIII llult A Ohio r, IIOIIO do 4s 10011 do cv 4.1 20011 llrooklyn 11 T 5s.. . 310(11) do As till Pine) Bordeaux 111 noon Cnn dent As 1H31 . . Allllll Cal das A Clec As. 211011 Cent Leather 1st As .000 Ches A Ohio cv 4'4s 140(10 do rnnv As limn Chi A N'wn deb 1033 mull Chi I'll Nta 4l'js . . . 211(1(1 Chl HAW joint 4s. Iilufi c,U' HnllwiiMi As., ,1 ml f'h M A st I' rf.l 4 Union do mn 5s 10(10 do Cl As A4IHIII lo iv I'ji ..,111111 tin is lllsh 74 7H4 74 7IH4 iis'5 113'i 1121, 112VS NNVS M'4 Low 3 p.m. oou u llll) 8' V sir 8S' lll4 11.1 null IIS llO'T ss Ss'i IHI'.i 03 ( I 110 t!24 is KA ,.1(I0'4 . . Ml ll(l 714 I'll 1M con d.is conv lis losVi 10SU loMS Cumberland Tel 6s... 071, 07". Ii7'i Den A ltlo dr 4s 71 Vs 71 Is 71'i Sllllll Chl It I A P rfil 4s. 2(1(1(1(1 do As one stil . . . 4(1(10(1 Col I11du1lrl.1l Aa... r.iinu citv or rarra s. nun) Allllll 'JIIIIO 201111 Detroit 1MI 1st As ::ii.lni Anno Hrle rnav 4s ser 11. . . . re :i(HI0 Lrle I'll col 4s 8S14 4AIIIHI I'rcmh Itepubllc AVxa. nil's Allllll III Sleol deb 4MiS.... SU". KKIO )ll l.'entrnl As IHI' Anno Inter Aisr As 74' 10000 Jnp new O S 4H... so 200(1 K I' Ft S A M 4s... 70'4 AMIIH) l.iukli Sleel As 1IIA0.. Kills 7000 l.k Sll deh 4s 1031... Dots 2IIHII Lollls A Nash 4s tills 50112.18 l.lli llonil M 1 814...100 moo Jlutunl Fuel (las As.. Ill 80(11) Manhattan St 4s 84 Minn Minn A St L Is 48 II M St P A 8 8 M 4s.. hH'4 21(1(1(1 Mo Pap 4s w i f.JI A00U Montana Power As . . UAii 1IHI0 N l) T A Mex Bs 4.114 Willi N Y Cnnal 101 KIIIO N Y C A II 0s 105 llllilll do Is 85 3(100 NY City 4s 11157 04 AOOd do I'll 11160 11714 conn do 4') 11103 1113 limn N Y N II A II cv 3'B All Ill's mo llll SSll B7. 7's Kt n oi ox' V.1 (III 11.1 HOW K'i no's n:P VI) 112 8 1 J. llS'i Kill'. 88 lin'-i J.1,' ?5 11 1'. 4 TOVi H3V4 iiiiS -s hi'i list, Kill UOH SH'i H7.S H7(4 8.1 8in 111 J. ! or, n (IV. 11.14 lin'.i 81 skj; no k n:i', no II2'4 8.1 111". lnn'i RS's nn'i 7J( 111', Kit KU l.i Ik (17 '4 23 113", R7'4 03'I 874 80S 07'I IMS eOOO do Us . 3000 N Y ( A W 1st 4a . 2101)11 N Y Itwy Ba "Odd N V Tel gen 414 a .. Mini) Nor Pac prior 4s... Allllll do v 1 As Anno Ore Short I, 4s Kllll) () A W H A N 4a .'.noil Parino Tel 5s 10(111(1 Penna sen ct 414s.. loiKi 110 en -i'XB 1111 - lnnn Public Serv N J As... KS 40011 I'ere Marquette As... SHK 7(1(1(1 neadlnv sen 4s OO'i sinnii jtep 1 a ns mono St L AS F ajt 200(1(1 do Ser A 1000 do Ser U lnnn San A A A r 1st 4s anno South Hell Bs lnnn South Pao 4s 32000 do cv 4s 2S0n0 do Bs 4inno South Itwy 4s Anno Texas Co fls .',11.100 II 8 Rubber As n.lm IT U UI..I t Km lBt 4S. . RH'4 un Mls4 mi'n 74tt 71)1? 7) 1044 004 111 '.4 1O0 114 K4 IS 8SV4 804 lot 1 11.1 85'4 III 0714 1113 AI) IIA'4 67H 224 ilSli 8714 875 Mi 074 44 101 88 884 nn 8(14 IMIJ4 74', 7114 7()4 10 1 '4 II0 fll ',4 100 III 81 48 xS4 r'-!i 454 llll 111.1 s4 III 07 Vj 103 All 0.14 1174 23 ll3s 87 J I 014 lot 88 884 1)114 8S4 nn4 inns Kiiiii lnnj. 654 fi.14 (l.'.U ni4 01 (il(. 78 83 0l1i 78 817; 78 63 miK ,8 nst? 8'l .1',4 HA' 1S000 Union l'ao 'nnri do cv 4 lonn u K nr Q II I Bs. 540(10 do AUa 1018 22000 do A4a 1010 1390O do 84 s new 1010. 3tnoo do B4s 1021 4000 West Union 44 s .lna . e.U'rii .1114', . 01 . OS . nni . B7 . 00H . on . 034 78 11.1 1)04 78 81 Dili HA'i (1.114 in.l 1IKI 804 8U14 1044 1014 01 01 8 h!4 m 08 UDH 901 004 OA'4 034 08 Bl'H 004 5'4 S3'.I FOREIGN EXCHANGE Utah Copper Va-Car Chem . , Va Iron C & C . Wabash pref A do pref B . . West Maryland West Union Tel. Westlrrghouse Mfg. 50 West Pac Bit 16 Wheel & U 13 16 White Motors 47 Willys-Overland... 33 Wis Central 45 Wilson Co 7() 108 107 108V, 42 41Vi 42 08 4814 20 20 03 49 10 18 46 32 45 60 68 4I4 26 21 03 68 48 26 21. 03 S0 16 16 47 32 45 70 Vi 14 1 KEYSTONE TELEPHONE PAYS MORE ON BACK PREFERRED DIVIDEND Disbursement of 2V6 Per Cent Declared Operating Expenses uuc into i,uiujyaw,y o "i,o uuKe .Superior Stock Shows More Life By far the most Important development In tho Philadelphia financial situation to day was the declaration of another dividend on the preferred stock of tho Keystone Telephone Company to apply on back payments. The dividend, which Is 21i per cent. Is payable August 1 to stock holders of record July 20. With the pay ment of this dividend there remains $26.26 in back payments due on the Issue, the out standing amount of which Is 1 .9 6.860. Another favorable earnings lme'W has been Is.ued by the Keystone Telephone Company. The statement Is for June nnd the first six months of the nscal year. Tho samo showing l mado by the company as Is common with other companies reporting earnings nt this time, In that the operating expenses are eating Into the gross receipts, thus cutting down tho net considerably. While tho gross for June was ".,2u3. which represented on Increase of J9888 as compared with the corresponding month of tho previous year, only S17B4 of this In crease was saved for tho net by reason of tho fact that the operating expenses gained $8134. Tho net earnings were $02,303, com pared with JC0.64D In 191C Tho surplus was $34,512, n gain of $1416. For Uit? six months the cut Into the gross earnings by the operating expenses was even more pronounced. The gross for that period was $777,828, a gain of $69,696, while the operating expenses amounted to $102,965, nn Increase of $44,091. This left a net of $374,873, a gain of only $16,601 over tho previous year. The company's common or preferred stock did not sell on tho Stqck Kxchange today. Lake Superior Corporation stock showed ...a deaf ltr In ft... .. ,Vu ...... ...v ... ... imaing on f..' today In many days, but while th. .V .,. Il.o most nrtl. .v.. vl" ln' turf In-creased business In It w T, P"! as far as the price was concerned T holding unchanged for n time It sc'm J having changed hands by mhlsf... 'hlI' Although there wob no general ieT- In the nmount of tradlnir in .k. '?c"' stocks which were quoted on tha 1.1'' through the session, It was raSLSi uiiiiK wiui mo majority of changes .i narrow, were on tho side of advjj.,,llll compared with the closing quoffi! yestenlay. American Gas warranu wii' have shown weakness recently ftrmls and made a gain of one and one-half . by tho late afternoon. If bio, The Street usually looks to United s..' Steel common to furnish the bulk ? trading, and this stock did so als ? day. It moved over the same cJ.,' taken In Wall' street, and after k.7 h fraction lower it became strong li''c.,, aftornoon, nt one time showing a J?( of moro than 1 point. In all. there wara.?. teen stocks and twelve bonds quoted r,V?t afternoon. This was a decrease ii as tho stocks were concerned, but a .uZ the bond division. a nlai Call money at 6 per cent becam. general in Philadelphia today Thul? in lino with general expectations, T2 of the showing made In tho weekly,., statement yesterday, which exhibited . eT? of $8,286,000 In the surplus. lSft the continued easier rates In New v!S have had much to do with brlniln il the rates here. Hankers said that iS had a fairly gbod demand for fundi. COVERING SENDS CORN UP IN QUICK ADVANCE CHICAGO, July 10. Fresh high records for' tho new crop options were mado in corn today, following a weaker start, duo to overnight selling orders as the result of yesterday's bearish Government crop report. It was claimed that thcro had been too much comptiny on tho bear side, and that the pit had over sold, for it required only- vigorous buying by local bulls to sturt shorts covering. The news factor was n very hot wavol with lack of molsturo in the Southwest, nnd some complaints of damage were re ceived from that section. There was profit taking on extreme bulges. Tho cash sit uation remained strong, with bales of No. 2 yellow nt $1.85. Old crop supplies nro being depleted rapidly. A news agency despatch from Zurich quoting parts of Chancellor Von Bethmann-Hollweg's recent speech before the nclschtag Committee at tracted attention, nnd was looked upon as Indicating that peace is not near. The contract supply hero gained 3000 bushels during tho week to 10,000 bushels, against 008,000 bushels last year. Tho market at Liverpool was quiet and easier on Improved weather In Argentina, where tha grade of arrivals Is better. The visible supply of wheat ln the United Stntcs, according to Lradstrcet's, Is 18,402, 000, a decreaso of 1,309,000 bushels for the week, and compares with 49,640,000 bushels last ear; In Canada It Is 18,432,000 bUBhols, a decreaso of 1,110,000 bushels for the week and compares with 43,382,000 bushels a yoar ago. Initial prices wero tho lowest. After touching $l.B4Vi September rose to $1.67 li, closing $1.57Vi to $1.57, compared with $l.D4ai at the end yesterday. December moved up to $1.214, after having sold nt $1.16 closing nt $1.21',i to $1.21, against $1.1714, yesterday's last price. May ad vanced to $1.20i. after having sold at $1.15, finishing at $1.20 to $1.2014, against $1.164, the final quoting of yesterday. ,, A big short Interest was disclosed ln oats, and the market,was stronger. Yesterday's bearish government reports had been dis counted and offerings were light. Spot oats were ln good demand and premiums were high. The contract stock here is 612,000 bushels, a decrease of 25,000 bushels for the week, and compares with 2,143,000 bushels last year. The market at Liverpool was weak on liberal arrivals from abroad, heavy re ceipts ln Argentina and reduced consump tion In the United Kingdom. The low on July was 61ic, the top C7c, and the close 2c higher at 66V4CJ the bottom on Septem ber was 51 Vic, the best 6514c and the final esifcO'Sic, compared with 64 c, yesterday's last price; the low on December was 6014c the high 67 lie, and the close 67UHc contrasted with 66!8c at the end yesterday. Leading futures ranged as follows: Yes'day'a Wheat Open III?h I.ow close close July 2.03 2.05 2.(124 2.034 2.024 September . 1.01 I.B1H 1.01 'LOl l.DOVt Corn (new delivery) September . l.B.lli 1.874 1.844 1.17 1.21-s 1.11) 1.134 1.204 1.13 1 Sales in Philadelphia 18 77 62 44 41 isii 62 Vi 2014 29 70 87 01 06 41 78 216 Low. dote, Si 1 1 101 101 i 130 ISO, 4. 1 00 61 ,, 21 tit; .. 23 tS 1. 8414 MTi5 44145 T"T1 .. I 18Vi - H " V4 41H 5 tl .. "Vi 14 Vi k t .. 30 11 H .. ' .. H 1 J IH tH .. 41 -S 'Vi-U xis Rx dividend -Wabash pref. A, 1 per cent; IUrblson-Welker Itefractorles Companv pref., ,14: c-ntral Leather, 14 and 2 extra; Colorado mei, 74 I'1! "4f - tlix rights Texas Company. NEW YOKK, July 10. The feature of the foreign exchange market this morning was the strength ln Swiss and ruble ex change. Scandinavians also were firm, while the market as a whole was steady. Quotations were: Demand sterling was quoted at 4.75 9-16, cables 4.74 7-16. Sixty-day bills were quoted at 4.72 and ninety-day bills at 4,70, both nominal. Frano checks 5.72. cables 6.72. Lire checks 7.21, copies 7.20. Swiss checks 4.70, cables 4.68. Guilder checks 41 3-16. cables 41 5-16. Pesetas checks 23.10, cables 23.25. nuble 'checks 23.20, cables 23.30. Stockholm checks 31, cables 31.25, Chrlstlanla checks 29.75, cables 30. Copenhagen checks 29, cahles 29.25. MONEY-LENDING KATES NEW YOHK Call money opened lending and renewing at 2 per cent. The time money market reflected again today the exceptionally strong banking po sition disclosed In last Saturday's bank statement. Bids for four months and six months were reduced VI per cent, respec tively, to 40 1H per cent on good mixed Stock Exchange collateral. Rates were nominally 4 04 Vi per cent for sixty and ninety days a"nd'4Vl4 for four, five and six months. Industrial loans averaged 4 per cent, with occasional transactions above and below that rate. Prime bank acceptances were fairly ao. tlve at 4Vi0,34 per cent on Inellgtblea and 3 3 per cent on ellglbles. PHILADELPHIA Call, 5 per cent; time 606; per cent Commercial paper, three to four months, 505 per cent December May Oats July September Devember Lard July September hn July September Tork July September 1.87U 1.644 1.214 1.174 1.201s 1.164 644 . 85 . 86'i .20.00 .21.10 67 B3VS 87',! 21.15 21.40 641 844 804 20.00 21.07 604 B54 874 644 844 864 21.00 t20.00 21.82 21. IB 121.85 t2t.00 .21.60 21.05 21.57 t21.02 t21.6B .40.00 .40.10 Did. tAsked. 40.60 140.10 40.30 40.05 '40.27 130.85 INomlnal. INACTIVE PHILA. STOCKS The following ate quotations for stocks which did not sell today, and the price given Is the last previous close: Am Rwys pref... 01 Daldwln Loco pf. 10014 Prill J a 204 Buft A Sue t c. CM, Cam Iron 45 Cam Steel 160 Con Trae N J . . 73 Crucible 8614 Oen Asphalt . . . 20 Wi . do pref ...... 00 Ins Co of N A 2.1 Keystone Tel pref 65 Mlnehlll 86 North Penna . . . BOVj Penna Bait 08 P K T 204 Phlla Co cum pf. 384 Hty.Coni 284 South nwy 26 Welsbach 44 Westmorel'd Coal 76 W N T A Pa 21 York Rwys pf... 87 High. B43 Am Gas war 2 25 Am Gas ..105 200 nth Stl B.131 15 Elec Stor. 61 100 Dlst Sec. 21 825 Erie 25 28 Int M M pf 84T4 4b Kenn Cop. 44 Key Tel 2818 LkSupCrp id 65 Neh Nav. . 77 18 Leh Valley 62 60 L V Tr pf 44 10 Miami Cop 41 Mldvale 23 Nov Cons. 23 11 Penna U R 82 Phlla Co.. .. 102 Phlla Elec 80 245 PUT tr cfs 20 20 Phlla Trnc 76 200 Pitts C cfs 87 40 nep Ir & S 01 60 Heading. .. 08 Ton Bel Ton Mln.. .. 40 Union Trac 41 107 Un O Imp.. 78 4 u cas .XJ.210 7082 U S Steel. 120 124T4 126 1,' 100 Warwick.. 0 9 v jer- a .. .. T4V4 ., 1 140 Wm Cramp 84 83 14 y tQuotation given Is yesterday's cloM. : IIONDS 2000 Ang-French Rep 5s.. 03 6000 Bald Loco 1st 5s. . .102 1000 Con Trac N J 6s. ...100 1000 City 4s '40.100 100 10014 U 10000 do 1946.. 100 100 100 -fUi 10000 Leh Nav cons 4s 08 4000 Leh Val gn ' 4s '03. 05 3000 Penna Co cons 4 V4s temp ctfs 91 1000 Penna Co cons 4s 1900 101 1000 Tenn & Md , Steel 68.104 1000 Phlla Co cons 5s. . 00 25500 Phlla Elec 5s 1st... 101 9000 Reading gn 4s 00 1000 do Term 6s 108 1000 Spanish Am I 68.101 3000 Welsbach C 6s 07 1000 Stand Gas & Elec 6s. 100 v., itvr. ..lose. ClUt S 93 - 102 102 100 100 08 MH K'; 05 05 -H 04 94 101 101 H 104 104 1 I 90 90 H 100T4 101 90 00 1? 108 108 114 101 101 .. I 07 07 - 100 100 ' LKOAL ADVERTISEMENTS jlgr- IN THE COURT OF COMMON MXW Kn. H. for tha County, of rhllaielpU. June Term, 1005. No. 2010. In the matter of The Commonwealth of Tw sylranla ex relatione Hampton L. Carta, Attorney JenenI, ts. The City Troet, Deposit ana Surety Company of raiuw Pill. 1. ' The Audltora appointed by the above Ceurt to audit, aettle and adjust the sixth aecejsttl J, Hampton Moore, ilecelver of the said IJJ City Trust, 8afe Deposit and Surety Compitl of Philadelphia, and to report to the Court trlbutlon of the balance in tha hands of aw Receiver, will meet those Interested fo JJJ purpose of their appointment on Jlonsay. im 23d day of July, 1017, ana dally thereaftir 11 o clocK a. m., at tne omca oe me 4-s....- Room 818 Croter :iulidlng. 1120 Chestnut strut In tha city of Philadelphia. ..- It la ordered by tha Court that t6e IUJ .Auditors shall, umesa otherwise ordtrta " causa shown, conclude their meetings anj J a report within forty daya from tha sate the said first meeting. i JOHN M. SCOTT. , WM. 1. O. ANDEHS0K, i Auditor! J a DELAWARE CHARTER COJIPAHT 004 Market Street WILMINGTON. DELAWARE Companies Incorporated under Delaware 140 Estimates of coat furnished. July October . December January March .. May rJpot .... 20.AV 26.88 26.31 Extra Dividend for Ilosarlo Mining NEW YORK. July 10. The New York and Honduras Rosarlo Mining Company has declared the regular quarterly dividend of 3 per cent and an extra dividend of 2 per cent, payable July IT to stock; of record 5 ai. Jul II. I hff-T NEW YOHK COFFEE MARKET NEW YORK, July 10. fThe market for coffee .futures opened steady today at an advance of 2 to 4 points. Trading on the call was fairly active, sales amounting to 7250 bags, with a fair demand for the late months. Trading In coffee futures, continued In active at the end of the first hour, with prices holding within a point or two of Ini tial figures. The acute political situation abroad tended to check offerings to some ex tent and Jed traders to believe that some sort of peace proposal might result there from, i There la little change In the general statistical position, which continues betUr. Cost and freight offers art freer, with shippers in Draill showing a disposition BANK CLEARINGS Hank clearings today compared with .KAriinv Amv isst two ysarst '-V 1HI9 lOIA Tloaton Ksw Tork Philadelphia, ualtimore Ht. Loula toia .. ,44454.8t7 141.634,848 2,820,89 ,618.023.288 622,263,081) 8t8,84,636 4,iiia,fvo iii.iiis.omw 2s.0Sl,4l)s O.UOS.SUJ 111,832.873 40.7118.61)8 8.482,428 17,t)2S,70 B.7T4.88S 13,i85,U2tt Fine Sugar Prices Advance NEW YORK. July 10. Arbuckle Broth era have again advanced fin granulated sugar, this time 25 points to 7.78o. The Federal and the Warner Sugar Refining Comp&nWa have mad advances of 10 points to 8.10c Th American and th National are withdrawn irom tne market. Th last BsaK4BJaa?Ja?JataaV4aVeaaaaaaa1 The State that "Came Back" la the heydey of lbs Comstock lode, tbe Stats of X vsda was almoet ae populous ae the City ef Utlcs, N. Y. Then, ct me the defeat of free liver, and such an ootpeurlog of People that a sur render f state hood ws predict. ed. All this time Were were eneogti neglected ores un der Nevada's des erts fo make every reeldeat rich. Properties like tbi Maeoa valley cop Per mine arcTna. log new history, ar to shade prices In order to attract business, 'sale In spot Cuban raws wait at s.JSe, a, , ,. put,o-far th'',aVntLrick1 -f' clti ofI P?., ,' V." ' , jfeaV?i a ra ss a. .,.. S. Will MacAn Ifallstiv be another Big One"? The same Interests that control the Magma copper mine are Identified with the Mason Valley copper mine, located In the famous copper belt of Nevada. Production Is beta vigorously pushed and the property Is earning at the rate of about $1,000,000 yearly. Another smelter unit Is ready to b. gin operation, which should nearly double production and greatly In crease earnings. What does experienced manage ment and high-grade equipment mean to the future possibilities of Mason Valley Mines Company? Send for Report 155-T. U. Jones&Baker STOCKBROKERS Widener BldgPhiIade!phia J0NB8 d BAKER. iFldener Bldg,. Pnltadefplila. Pa. You may aeqd m report 1B3.T.U, Ham JLtirut City .... .,..,,, .,.,. Btalf 1680.1. ltace 2200. Dell, Walnut Keystone New York Doaton Chicago Pittsburgh Direct Private IKlres. '--- ellUII ....... 1 J I VJ 1 V ' ' ,V . ajaaaTlsaStBsffasajssaaaaij .A'' '''a- , ,'.,f "Wi. H, EZTSSS