MP i' -7 V ' I J i rS? 9t.i& -' 12 EVENING LEDGER-PHnJADELPHIA; WEDNESDAY, JULY 18, 1917 lff ' ' '"""','.:".'!"'""'" in - I 1" 111. ! Illll I I " "1 11 FINANCIAL NEWS I WE HAVE JU8T nEDUCED THE PRICE OF A PUDLIC UTILITY DOND, TAX REFUND IN PENN SYLVANIA, FROM 2j VND IN. TERE8T, TO 89 AND INTEREST TO NET 5.75 THE COMPANY OOE8 PRACTI CALLY ALL THE STREET RAIL. WAY, OAS, ELECTRIC LIOHT AND POWER BUSINESS OF A POPULA TION OF 378,000. THE OROSS AND NET EARN. INQS SHOW STEADY INCREASES FOR A NUMBER OF YEARS. THE COMPANY REPORTING, FOR THE YEAR ENDING MAY 31, 1917, AFTER PRIOR INTEREST CHARGES, A SURPLUS OF $1,546. 020. APPLICADLE TO THE INTER. EST CHARGE OF $288,985 ON THESE BONDS. REILLY, BROCK & CO. BANKERS 306 CHESTNUT ST. riiiiaucLniiA (Southern California Gas Company (Fir it Mortgage 6 Gold Bonds 1( 1 First Mortgage on prac tically all property. 2 Sinking Fund payments will aggregate 48 of all bonds by maturity. . 3 Franchises perpetual or extending well beyond life of these bonds. 4 Earnings over 2't times all interest requirements. 5 Replacement value of property largely in ex cess of the bonded debt. Price 100 & interest yielding 6 Completo descriptive circular i'1'.-HS sent on request The National City Company 1421 Chestnut St., Philadelphia New York no ton Chicago San Francisco rittilrurrh A High-Grade Investment Salesman Required A responsible firm in this vicinity, now' employing a trained corps of experienced stock and bond salesmen, has an opening on a most attractive basis for another high-grade man. His services will be utilized in selling a Preferred Stock in, a financial institution of a service banking nature now paying dividends. Address Box C 30, Ledger Office &aLIark$o BANKERS (Eatubllabed 1S37) X 321 Chestnut Street Philadelphia OjlsnBnney '$? COMEANlf.Ixc. (ftJJTOMOEILE BANKERS Offer special facilities for In dividuals or automobile deal ers to finance the acquirement of pleasure cars, for business houses to finance the acquire ment of commercial cars or trucks. If you are thlnklnir of purchasing a car of any kind for any purpose the FINNEY SYSTEM will make a better business transaction for you. REAL ESTATE TRUST DUILDINO PHILADELPHIA BarnettOil&GasCo. W ara PMparlnr a apaelal Illustrated book ahowlns propartlea of this Com anr. Bant frea on raaveat. WHI ttr Bookl.t B-$ E. H. CLARKE Morton R. Alexander mealdsni rartner) Passe 114 Borne War. PWU.. ra. XmTm I MMaCal laa STOCKS TAKE IRREGULAR COURSE; ST. PAUL AND MAXWELL DECLINE Fears for Dividends Bring About Selling, Resulting in Downward Turn Tobacco Issues Make Gains on Good Earnings High Points in Today's Financial News Stocks irregular all through session in Wall street. St. Paul and Maxwell Motors weak spots on fears for dividends. Trading on Curb of professional character. Fluctuations mostly narrow. Grain and cotton higher. Pennsylvania Railroad announced sale of all its anthracite coal holdings. Rubles declined in foreign exchange market Bar silver declined in New York and London. NKW YOnK, July 18. Stocks moved with decided Irregularity today, a number of Issues fluctuating nlthln n rnngo of from fractions to 1 point nnd returning finally to about yes terday's closing figures. The professional traders appeared to favor tho long sltlo on concessions, taking Individual stocks on their spcclnl merits. Tho wiping out of arrears of dividend upon Cruclblo preferred encouraged dividend expectations on tho common. Haldwln I.ocomotlvo was bought on the new orders, nnd Car and Foundry advanced fractionally for similar reasons. Largo comings accounted for further gains In tho tobacco Issues, United Cigar Stores rising an extreme 2V4 points. Tobacco Products ndvanccd sympathetically. United States Steel common, after declining , rallied more than 1 point and reacted a shade under yesterday's close. Fractional Improvements occurred In Anaconda, Inspiration and other coppers. General Motors was Irregular, but gained about a point. There wero somo very weak spots, Including an nbrupt drop of 5 points In St. l'aul. Tho stock sold on dividend reduction rumors. Action on tho dividend will bo taken on July 2G. Tho stock declined to 67?4. as compared with 73 at the close yesterday. Tho extreme low record for twenty years, 65 W. wos reached obout two weeks ago. Maxwell Motors continued Its weakness, declining to 31, a loss of 15 points, compared with 41 recently and 8D in the fall of last year. Tho f.crond preferred was also very weak. Under tho new arrangements only round amounts of United States Liberty Bonds were quoted on the tape. Sales were reported at an average of 99 44-50. Tho market was under tho recent average volumo of dealings, activity being repressed to on extent by uncertainty regarding tho Immediate future of the money market. IJonds were fairly active in spots, but somewhat irregular. TRADING PROFESSIONAL ON CURB; MAJORITY OF FLUCTUATIONS SMALL NKW YORK. July IS. Trading In tho Curb market today was of a professional character, although tho general undertone ruled firm. Fluctuations, aside from a few of tho specialties, wore within their limits. Wright-Martin Aircraft, whloh developed sudden strength In the final deal ings of yesterday, was somewhat disappointing by reacting immediately at tho outset, although later it rallied slightly. Curtiss Aeroplane, on the other hand, moved up 2 points, with only a slight reaction. Submarine Boat moved within a small fraction. Aetna Explosives was active and a shade higher. INHUSTMAI.B mi. Air Reduction K0V4 American Stores 34 fltt o Yes. close. Asked. (Sale) ft 8.1 H 30 12 2 .. 4 3.1 7.1 D .. IU H.I 41 30 11 11 100 04 6 V4 32 2 .. IVl -iv R0 .10 SO ir in 100 '4 44 4 4 7 10 so 18 .. 20 02 100 12 7 64 31V4 31,, ift!4 in 8.1 Hi .. Si 4V4 4J, 20 2.1 30 Vi 94 2 .. Aetna Explosives . . . . Amerlcan-rirltlah Mfg American Marconi 2V4 American Writing Taper. S Canadian Car Co 30 Can Cnr & Fdy pref ... 7ft Charcoal lion K-Vi Chevrolet Motors 02 Cramp 80 Curtiss Aeroplane 40 Canven Tool 11 Carbon Sled 0.1 Emerson Phonograph ... 0 Federal Dye 40 Hemlee Manufacturing .. 20 Katliodlon Bronze pref . Lake Torpedo lloat 7 Vi Lehigh Coal Sales 7.1 Lima Locomotive 53 Maxim Munitions 1 Marlin Arms 01 N Y Shipbuilding 43 Nor Amer Tap Pulp.... 4V4 Otis Elevator S3 Peerless Motor 14 Poolo Eng 70 Redden Truck 10 Santa Cecilia 20 Santa Cecilia pref R.1 Scrlpps-Booth 25 S S Kresgo w I 0.1 Standard Motors 11 Steel Alloys 0V4 Submarine 30U St Joseph Lead 18Vi Todd Shipbuilding 80 Triangle Film HI United Profit Sharing ... Vi II K Steamship 4 14 United Motors 2S5i United Sugar 35 World's Film Zinc Concent 2V4 ST.VXIiAUU OIL STOCKS Ullnol 207 212 Ohio 345 818 Prairie Pipe 208 275 Stand Oil of California.. 85.1 360 Stand OH of New Jersey. 57B 585 Stand Oil of New York. .280 284 IMIKI'RNUKNT OIL STOCKS Barnett Oil & Oas 14 Cosden Oil 12Mi Cosden & Co 12 Elk Basin 11 Federal Oil 4 Inter Petrol ISVi Houston Oil 19 Merrltt Oil 331k Midwest Itef 160 Met Petrol 1 Ohio Fuel 17 Oklahoma Ref H'H Osage Hominy HVu Rice Oil Sapulpa Ref 10 Sequoyah 1V4 Sinclair 25 United West Oil ft M1NINO STOCKS Alaska Standard 35 Atlanta . . .' 10 Big Ledge 1 Blsbee Copper (a prosp) . -f, Butte Copper and Zinc. 0 Butte New York 1 Cal & Jerome l Con Arizona , 2 Emma Consolidated .... i-f, First National 3 (loldfleld Merger 5 Goldfleld Consolidated ,. 61 Goldfleld Florence 17 Ooldfleld Kewanas 12 Green Monster ? Ilecla Mining g4 Howe Sound B Independence Lead 10 Jerome Verde 1 Jim Butler 71 Jumbo Extension 31 Magnate Copper n; 1T4 12 12 12 12 114 IW 4 4 13 13 34 34 101 1S8 1 1 18 0 t 8 .. 104 10 Ift 1ft 27 V4 40 30 11 10 2 2 t y 0 10 14 .. tft 1V4 2 2ft ift u 3 .. 7 a 53 52 20 14 1 11 8 8 4 .. 12 1 1ft 73 72 33 31 DIVIDENDS Philadelphia Rapid Transit Company Semiannual Dividend No. 2 Philadelphia. July 13, 1917. A semiannual dividend of two and one-half per cent, or one dollar and twenty-five centa per ahare. has been declared out of the eurplus earnlnga of the flacal year ended June 80. WIT. upon the capital afock of thla Company, payable July 31. 1017, to aharaholdera of record at the dose of bualneaa on July 23, 1917. Tranafer books will remain open. R. n. BEI.FRIDaE. Secretary and Treaaurer. LEQAL ADVERTISEMENTS K37 DELAWARE CHARTER COMPANY POt Market Street WILMINOTON. DELAWARE Companies Incorporated under Delaware Law. MININO STOCKS Continued Yep, close. Illd. Asked. (Salo) Magma Copper 4.1 48 40 Mother-Lode 2(1 27 27 Mines Co of America ... 1 1 ., Nevada Hills 22 20 . . Nevada Wonder 1 1 .. Mplsslng 7 8 Ohio Copper 1 1 Ray Hercules 3"4 4 San Toy 14 10 Stewart Tonopnh Extension 2V4 2 United Verde sn 37(4 West End Con 08 70 White Oaks 3 White Caps 1 14 Yerlngton 20 28 7 1 2 30 iionds Bethlehem 5s 08 08 Cosden Oil 6s lis 100 CoMlen & Co 6s 9.1 08 Cudahy Ss an 100 1-rle 5s 07 08 New Haven 5s 0.1 00 Russian Govt 5!,b 70 78 do fis 80 00 Southern Railway 6s.... 08 08 Sinclair Oil Os 03 Todd Shipbuilding 6s. .. .101 103 New York Cities 4',s..l01 1014 08 00 78 80 08 New York Bond Sales JS00O Amr Asr d-b Bs ....ion'4 BOIIll Amer Cut Oil .'. B3 lfll.ion Anslo-Kremh Kb 041 1000 Amer Hide 1. C 101 i I111111 Am Koreitn Ht-c .... 117 .111(10 Amer Selt 4 Hefln 0s.. H2H 8O0II Amer Tel rlt 4s Ml 2.V)00 do r !I4 LMIIll) ,o rt 4ts D JOllO AmT Thread 4s 0Si IM10 Atchison ism 4s .... MS 1200(1 do ev Hull) 101 1000 nnit & Ohio 5s uc, 4.10(1 do cv 4'is SO 10(10 R&CJ p l,i:VV 4s Mi t'l Halt & II Kwn 3Hs 87 I!000 Brookn Hap Tr 6s nnH 300(1 Bordeaux Ks IIT. ltMMHi Can Oovt ns 102(1 B 2000 du 5s 1031 M 51)00 Cent l.ialher 1st rs.. 00S 1000 Chill Copper 7s l'.'aT I.'inilll Ches & Ohio cv 44.. 7KV, 2000 ilo ronv 5a h 200(1 Chi Ot West 4s tl.-,V4 2300U Chi II i Q Joint 4a... llilI 11O0O Chi M & HI I' 1II2.'iS 4 s IIOH ,iii."i iiu 1 ,11 1 -a b n.i -4 Low inniA 113 04 lots 07 Ml 09 on"; s fcnu 101 9(1 V, 88H 81 87 BW 9.1 no 0(i4 99'4 122H 7HV 87 90 90 Ij 8.1S 9S 0SH nl3 ROH 944 04 1119 97'4 00V 3:00 p.m. 100't 3 94 10IH 97 92H hi) llllV. 90S 98ll 89i 101 9KU h9 81 1i 87 99 H 0.1 0 9(li 99H 122C 7KV4 88 11.1 9'.i no 'r 08j! 1184. nn 80 bit! 04 109 VIM 'I 102U 10254 Z 4M 4HW I, 93H 93 !ooo do conv 5s . noon do cv 4'ss 9SH looo do aen 4H 94 1000 Chl It I 4 V rfd 4a. .. 7114 2000 do 4s 81 HOOD City ot Paris Os 94T4 nooo Col 1' & I sen 5a 94 r.oou Con (Lis ronv Us 109 100(1 Del & Hud conv 5a ... 97 U 1000 do rfd 4s 90H Itinoo Den & lllo Or rfd 6s.. 50 20000 DIs Srcur Corp 5s.... 00 20(10 i:rle cunv 4s Ser 11. . 54 140000 Kremh Republic 64a. 99 99 4000 Oen Elec deb 5s 103 103 2IMI0 111 Steel deb 44s 87 Ml 1000 Indiana Hteel 6s ID'."! 10 Mini! Inivn Cnlrnl 4. 4nU 4K lonno III Central 6s 93 93 1000 lnterh &let 4Us K:t H.'t 3000 Interb II T ret 6a.... 03 93 1400(1 Inter Mer Slar 6a 04 94 ttono Internl Taper 5s inn 100 2000 Inter Arr 5s 70 70 2000 K C Ft S 4 M 4s 71'4 71 2000 I.k Shore deb 4a 1931. 00H 90Vi 3000 1.1 4 M T 7a 120 120 1(10(1 I.orlllard 7s 117 117 Z 13 coo I. berty liond w I 3Mi 00 4540 00 41-50 00 43-50 anoo Lyons 6s on a na 2000 Marela. 96. 95.. 05 2000 Manhattan 4a 8XH 88H 7000 Met West Bide ot Chl. 93i 171'oon Mo Tsc w I 4a flo 8000 do 2fls 02 J.tono Montana Tower 5s... 9A 2000 Nash Chat 4 St L 6s. 103 IKOOil New Orl Tex A Mex 6a 40 2000 N Y C II 6 103 2000 do 4 a 93 1000 NY City 44a Nov '67.102 6000 N Y (Jaa If 4 T 4a. . . 78 50 00 54 90 103 87 03 93 94 100 70 7t'4 90H 120 117 1000 K Y Ml a II tl 98 81810 N Y Tel sen 44 !' 23000 Nor Pae 4a 87H 8000 do sen 3s A3 3000 do w 5a 93 2(ino Ore Short L 4a 88 2000 do 6a 103 2000 Pat 4 rassalc 100 4000 Tacino Tel 5s 98 14000 Paclflo Oaa 6s. 88 30000 I'enna sen ct 4 .... 95 8000 Public Rerv N J 5s... 87 1000 Pera Marquette 5s... 88 4000 Reading- cen 4a 91 19000 Ilenuh Cuba 5a 1004.. 99 18000 Hep I 4 S 5a 100': liono st 1. 1 M & a gen sa.. os inono do air 4a og A000 Bt I. 8 F Ser A . . 1000 Seaboard A I. adj 6a 24000 South Hell 6a 1000 South Pac 4a OOOOO da cy 4a A000 dn cv 6a niioo do rm 4a sn noon South Hwy sen 4a . . M looo do 5s 97 13000 Tenn Copper Oa 02 1000 Texaa Co 6a 102 1000 Third Ave new 4a AS 40000 II H Rubber Aa 88 3000 U B S 4 II Aa 103 30000 IT B Rubber 6a 101 26000 IT B Steel a f 6a 104 9000 Union Pao lat 4a 91 12000 U K of O 11 I 5a. . 1; 23000 do 54 a )9I8 99 12000 do 64a 1010 974 8300(1 do 6 a new 1919, .VOJ, 3-noo dn 54 a 1921 IiA 2000 Va Rvrva 6s 94 6000 Weat Electric 8 100 3000 Weat Union 4 .... 92 1000 Wiacon Cent nan 4a . 82 93 00 92 98 102 4.1 103 93 102 7H 98 93 87 03 93 88 103 100 07'( 87 94 87 ;t HHV, 90 99 lUll'. V, IIS o.'4 nzvi no flo 99 99 78 78 82 82 DO BS'i I. 8A1 B.14 97 92 102 AO 80 103 101 1114. K3 93 0 92 9AV4 102 48 103 93 102 7K 98 93 87 A3 93 88 103 100 97 87 94 87 RS 91 99 100 98 ssa AO 99 7A 82 99 so; A3 97 92 . 102' An 8A 108 101 104 01 91 08 98 90 90 n.lZ n-u 97 100 $? 100 93 82 97K 100 98 94 inn 92 82 The New York. Subtreaar.ry gained i,ii.uvu irom ;ne oanx yesterday rMue- NEW YORK STOCK SALES Advan Rumely AJax Rubber . . Alaska Gold M. Alaska Juneau Illsh. pf i , .. 4 ... U 4 Allss-Chalmers Co. 20 I.OW. 28 7 .1 4 20 03 00 47 108 75 110 68 12 54 24 70 1A 08 102 113 40 08 122 1204 203 101 08 23 77 100 08 085 123 120 203 101 08 24 lot 08 88 100 73 70 100 1 121 00 37 18 181 37 84 Am Agr Chem .... 03 Am Rcet Sugar . . 01 Am Can 48 do' pref ....... .107 Am Car & Fdy... 78 do pref i. .118 Am Int Corp 68 Am Hide & L 12 do pref 80 Am Linseed 2.1 Am Loco 71 Am Mat 17 do pref AO Am Smelting ....103 do pref 113 Am Sum Tob 51 Am Steel Fdry. ... 07 Am Sugar 121 Am Tel &.Tel 121 Am Tobacco 210 do pref new. . . .101 Am Wool pref 08 Am 7.1 nc & Lead.. 24 Anaconda 78 Atchison 101 do pref 08 All Coast Line ..111 111 111 Atl Cult & W I.. 109 100 100 Baldwin Loco Co. . 00 08 do pref 100 100 Baltimore! & Ohio 73 72 do pref 70 70 Barrett Co pref.. 109 100 Batopllns Mining .1 1 Beth Steel B 120 124 Burns Bros 00 00 Butte & Sup Cop .18 37 Cal Petroleum. ..10 ' 18 Canadian Pacinc.lOT 181 Cal Packing Co... 37 37 Central Leather . . 80 83 do pref 112 112 Chandler Motors.. 87 87 Chcsa & Ohio ... 01 (10 Chl Orcnt Western 11 11 do pref 34 31 Chicago M & St I 72 07 do pref 100 100 Chic & Northwest. 108 108 Chic R I & Pac tc 37 38 do 6 p c pf t c. 02 01 do 7 p c pf t 0. 78 75 Chile Copper .... 20 20 Chlno Con Cop ...53 52 Col Fuel & Iron ..60 48 Col Gas & Elee .. 40 40 Cont Can 102 100 Corn Products .. 34 33 do pref 08 07 Crucible Steel ... 82 70 do pref 102 102 Cuba Am Sugar ..180 180 Cuba Cane Sugar 42 41 do pref 00 00 Del & Hudson ...11414 112 Denver & R G.. 0 7 do pref 18 14 Dome Mines .... 11 11 Distillers .Secur.. 20 24 Erie 25 25 Elk Horn Fuel... 31 34 Gen Chemical Co. 221 221 Gen Electric Co.. 1.10 152 Gen Motors 117 115 Gt North pref 10.1 10.1 Gt North Ore subs 31 33" Greene Can Cop.. 41 41 Haskell & Barker.. 30 30 Illinois Central ...103 103 Int Agrlcul 20 20 do pref 57 55 Inspiration Cop . . 50 64 Interb-Cons Corp.. 0 0 Int Harv of N ,1.,113i 113 do pref 118 118 Int Mer Marine . . 20 28 do pref 8.1 81 Internl Paper .... 3.1 3,1 do pref sta .... 70 70 Int Nickel .10 39 Kennccott Cop ... 43 42 Lacka Steel l 01 Laclede Gas 08 08 Lehigh Valley ... 01 82 Leo Rubber & Tire 21 21 Louis & Nash 127 127 i Max Motor 30 31 do 1st pref 80 50 do 2d pref 25 25 Mex Petrol 05 03 Miami Con Cpr. . . 40 30 Minn & St L new. io io Mldvale Steel .... 80 59 Mo Kan & Tex .... 8 n do pref 11 11 Mo Pac t c 33 32 do pref t C 88 68 Nat Acme 31 31 Nat Con & Cable.. 37 38 Nat Enamel & Stp 41 40 Nevada Con Cop.. 22 21 21'j New O, Tex & Mex 27 25 27 N Y Air Brake... 132 132 132 New York Cen... 00 80 801 N Y Dock' 17 17 17' N T N Jl & H. . . 30 35 38 ' Net Close, chse. SOW. 07 .. 4 20 03 0 47 107 78 110 1 57 12 1 61 8 24 70 1 10 88 102 1 113 47 3 1 3 77 -1 1 1 1 W4 2 2 112 87 H 00 11 31 07 5 100 108 37 01 1 75 20 82 48 40 102 1 .31 08 1 80 1 102 ', , 1 3 1 Norfolk A West. Northern Pacific. Nova Scotia Stee Ohio Gas ; do rts Ontario Sliver. . . Owens Hot Pacific Mall .... Penn R R Pcro Marq ct Phlla Co Pitts fi West dn pr Pitts Coal rts Pelrce-Arrow . . do pr Pittsburg Steel pr.loo Pressed Steel Cor. 73 Quicksilver 2 do pref 2 Ry Steel Sprg pref 08 Ray Con Cop 27 Reading 06 Rep Iron & Steel.. 88 Royal Dutch '. . . . 07 St L S F 18 do pref 20 Sinclair Oil 43 Sears Roebuck ... 108 Savage Arms .... 83 Sloss.Sheff I & S.. 63 Southern Pacific . 03 Southern R It ... 28 do pref 67 Superior Slecl . . . 13 Studebaker 68 Stuts Motors 42 Ten Cop & Chem. . 17 Texas & Pacific. Texnc Com do rts Tohacco Prod . . . dn pref 10.1 I'n Bag & Pap new 11 Cnlon Pacific 130 United Alloy Steel 43 Cnlt Cigar Stores. 118 I'nlt Paper Board. 28 U S Ind Alcohol... 130 V S Rubber 01 IT S Smelt & Ref. 58 V 8 Slcel 122 do pr 118 I'tnh Copper 101 Va Iron C & C. . 00 Wabash 1214 dn pr B 20 West Union Tel. .. 01 Westlnghouse Mfg 49 West Pac 17 do pref 40 Wheel & L E 18 do 1st pref 31 Willys-Overland .. 32 do pref 97 Wis Central 40 Wilson Co ns llts-h. Lew. 122 122 .102 100 I 01 01 68 50 02 02 0 5 01 01 27 27 53 63 21 20 38 37 3.1 32 03 02 M "" 30 30 0(1 l' Net Cloie. ehge. 122 IM. 101 04 80 .. 82 6 01. .. 27 83 21 38 .12 1 W 02 , . 17 .180 . 21 01 100 72 1 2 08 20 08 80 88 18 20 42 108 83 S3 .03 27 60 43 60 42 17 10 18.1 20 83 10.1 11 131 43 110 28 157 01 67 120 117 103 on 12 20 03 48 17 4.1 10 33 31 08 40 00 1 SO ui 100 72 2 2 08 20 05 1 88 00 18 20 43 188 83 63 03 27 88 43 .10 1 2 4: 17 17 187 21 03 10.1 11 ! 1 1 1 131 1 43 117 28 1 1 1.17 01 57 120 118 103 88 12 20 01 1 1 1 V, 48 1 17 1 1 1 1 48 10 31 31 08 49 07 Ex dividend Ornnby Consolidated, 2: Con solidated Coal of Maryland. 14 ; llethlehem Slecl. 1 extra. llethlehem Mtwl II, 1 extra. RUBLES FALL OFF NEW YORK. July 18. Continued weak ness In rubles was the feature of the for eign exchange market at the opening today, checks selling down to 21.45 and cables 21.55, compared with 22.30 for checks and 22.40 for cables at the close yesterday. Lire. Swiss, guilder, pesetas and Chrlstlanla were slightly weaker. Others were un changed. Quotations were: Demand sterling, checks 4.754, cables 4 76 7-16, sixty-day bills 44.72, ninety day bills 4.70. Lire checks 7.23, cables 7.29. Franc checks 5.70, cables 5.74 ?. Swiss checks 4.67, cable'' 4.65. Guildr checks 41. cab.'is 41 5-16. Pesetas checks 22.90, cables 23.05. Ruble checks 21.45. cables 21.55. Stockholm checks 31, cables 31.20. Chrlstlanla checks 29.30, cables 29.40. Copenhagen checks 28.90, cables 29.20, INACTIVE NEW YORK STOCKS Following are quotations for Inactive docks listed on the New York Stock Ex change and In which there were no trans actions today. The price civen I" the last previous cloe. Advance Rumely. 18ft Adams F,presa..ll0 Allle-Chal pf ; H,? Am Arr Chem rif.100 Am Ileet Sua ef . .10 A II S 4 K ctfa.lOJ do ctfa pref ..191 Am Cot Oil Pf. 95 Am Express lpp Ana Ice Pf . J4 Am Ice pref. . . . 10 Am lxco pf .. .103 Am Smelt pref A 99 Am wmelt Pf II. . 91 Am Sumatra, pre' 98 Assoc I) O lat Pf 53 Ilarrett Co . ..lO.V.i llranby SI lit llrown Shoe .... 7 j), I . t . li 11H ('. IMl Pf !,?" Cent fc, A Tel. 117 Orro d Pasco.. 8H Chl A Alton .... 10 Chl Alton pf.. 2354 ciiietl-l'bodv pf.,110 Col 4 South.... 25 Col So 1st pref M' C'omp Tah Ileo Co 40 Consol One 10S Con (las of Halt.llU Cont Can pf ll Con Int Col Mlri. 17 rontlnntal Insur 54 Cuba Amer Sugar pref ...103 D S S A pref.. 8 I)el Lack 4 W..210 Detroit Udison.,.125 Ked M 4 8...... IN Oen Motors pf. .. 89 Oen Cigar Stores 3.1 Goodrich B K pf.104 Jlulf Ht SI 1st pf.110 llirtman Corp . . 82 Havana. Rleo 101 llomestake Mln..l01 Int Harv Corp . . 70 Int H Corp pf..l02Vi int Nickel pref.. 103 Int Paper pf ...1UJ. Iowa Cent 4fi Jewel Tea Pf...l00 Kan City So pf. 53 4 Kan City South.. 22H Keck D M .. 4V Kellv Sprlnaflcld 49 I.k Krle A W pf. 30 UK M Tob... 139 do pref li'l'.i I,on(r Isl cfs of d 10 Vooso Wiles Ills. . IT t.nrlllsrd P ro. . .20.1 Manhattan Reach 1 Manhattan Ulcv 115 May Dept Stores. 55 May Dept Sts pf.105 Mex Petrol pi.. 91 Mich Cent 119 Min St P A S 8M.104 M StPASSM pf 119 Mo Pac pf t c. 87 Mo l'ao c of d t p 81 Mont Power 94 Montana I'ow pf 110 Morris A Kssex.. H National Dlacult .110 Kat lllscult pf ..115 Nat lilt Mex 2d pf 8 N V i A Bt I. 2u 60(4 N Y Dok pref.. 40 N Y Ont A West 23 Nor A youtn K4la Norf A West pf. 82 North American. 80 Ohio Fuel ...... 47 Pac Tel A Tel... 25 Peo A East rc Pero M rr pf t c CIVl Pitts Coal pf... lis Pressed S Car pf.102 Pullman Pal Car 142 ny Steel Writs. ... 61 Heading let pref 41 do 2d pf 43 Itepubllc I A S pf 102 St Louis A 8 W. 1 Seaboard A L. . 13 H-s board A L pf 29 Sloss-ShefTleld 8 A Iron pref. . 93 Bo p lllco S 207 S Porto It Bur rta 8 fMnd Milling ... 88 do pi 81H Ptudebaker pref. 95H Tidewater Oil ...200 T St 1. A W ctfa in do pf " S Twin City It T. . 85 Underwood Typo lol I'nlo Pair A P n 83 Un Cir S pt...ll9 United Drue .... 75., Unit DruR lat pf 62 I'nlled Dyewood.. OSJi C S C I A P Fo 21 U 8 Express . ... 19 V S lnd Ale pf.lns,, U a Realty imp. 15 U R Smelt A II Pf 80'. U S 3 A Itef pf. 49 Va Car cnem . . . Wells Fargo wRt Md West Md 2d Pf. 7.9' Wheel ALB pf 3.1U Wilson co pt....H.l Woolworth 12.1 Worth' Ion Tump 35 41 90 391 RAILROAD EARNINGS CANADIAN PACIFIC 1017. Increase. Second week July J2.SO7.O0O J129.OU0 DENVER AND IUO GRANDE Second week July 1470.300 17,000 From January 1 14.202.815 2.038.480 MISSOURI, KANSAS AND TEXAS Second week July J781.240 103,144 MINNEAPOLIS AND ST. LOUIS Second week July 210.840 1,1.248 From January 1 6,549.174 SO.SSS Decrease Riordan Pulp and Paper Declares Extra MONTREAL, July 18. Tho Riordan Pulp and Paper Company, Ltd., declared an extra dividend of 1 per cent today on the common stock, payable August 15, to stock of record August' 8. This Is In addition to tho regular quarterly dividend of 1 per cent also declared. ' Wilmington Chemical Co. in Brazil 'Commercial Attache William C. Downs reports from Rio de Janeiro, Brazil, that the American Chemical Works, Inc., with head quarters In Wilmington. Del., has been authorized by the President of Brazil to operate In the republic. The capital of the company Is said to be $50,000, and the amount set aside for operations In Brazil $10,000. GOVERNMENT BONDS 2s registered 1930 2s coupon 1930 3s registered 1018 3s coupon 191H 4s registered 1925 4s coupon 192.1 .... 3s registered 1048 , .'Is coupon UMil Panama 2s registered 1938 rsnama 2s registered 1938 Panama 3s reentered 1901 Panama 3s coupon so Illd 90 90 99 99 104 104 84 K4 90 90 SO Price-fixing No Terror to Iron Trade PITTSBURGH, July 18. The price-fixing program of the Government Is still a mat ter of speculation and conjecture, but the pig Iron trade Is beginning to entertain the belief that the present situation, so far as It affects domestic activity, will not be dis turbed seriously by the establishment of prices by the Government. In fact, tho be lief Is expressed that the general steel trade has reached tho point where It will adjust Itself automatically to the satisfaction ot both the Government and domestic trade. THE HAVILAHD ARMSTRONG COMPANY STOCKS BONDS 1418 WALNUT ST. PHILADELPHIA NEW YORK -BOSTON ES7ABUSHC0 1905 MONEY-LENDINcTir" NEW YOIUfM . u RAT, lending and renewing it i H. o per cent " vn cmi; Hates for time loana .- " oixiy ana nlneiv a.Z "' months, 4!ie48i per Cet '.' N inumns, 4iWB per c , -. -ys ,m 4 .T.W1. El. ba"k - accent.! cent. c"w ana Ulbl iiV m is ki A Call. Kb.. I' PIIIt.AnRf.ritt -... . ?5ELper "" Commercl,'ie months, 5 er cent. Commercial cw,'.if1(, months, Besti r,.(a'. iSi; percent, A p'r ""iM"1. TJlVnnv -. ..u.iiiu.i .unnpv M. i m -... aJ-. "If. w t"ll Vi ., .a. '" t4 U y on calt , ,Jj per cent today, tho open market irrnttorihm:v rt-la --a. tho open market for short Will l,M,fl BANK CLEAnivr-c .PoVd'lngtaV'.rt ,54'Ji.S l I40.M9 503 I.,, i?'' . lffl noston lIO.Mn "ni tin,..10 it laltlmore. 73;n m "vffi IjJ? hllaOelphla... rfoiou.o" 43?i8S tt 'i. i.ouis.... sia.vtTjS ;ji't'.t ijj -'"tow uiVSiiVAi? si m Mu aena iwi Sri DIVIDENDS DECLARED ! ".CF' ?"' Compsn, of n... I KK rTco ffSi&JM Kellos; Switchboard Surml. r S ' Thn.hU-adelrhffro'mra ' . 5! or .'54 per cent on n per cent ;r ,nltu September 1 na reaWred An.,!?.".'"!. tM Pacific -Mall Steamship com5i'rf.,- , v terlv of 1 ; n.p -. t rjpanr. ffrulk. .. ... ..i vii iT.i.r.ui "i lemner l to stock of record AnV,V .?r'41 Ohio Cities Oas ffllfl M.S. on new stock Uh 3!1 .'hldsM rtl 151' X' IK IfM' t5 .1 mn If .111 I-. September N Of 1 record 'ember I to stock of VecorV'f""'" toM fHh American rompawel","?1 'fl 1 per cent, payable October", 'J rd September IS "''ooer 1 to RJI limited nniount of mr iii1".!.! slock. lii.i.i,,,.!. .." .MrmiiVI Biinrnnteed by succes.fn 1. "i 'ISSi liuni.e service enmpanr. FniieVi Uf testlcntlon Int ted. TrnssrtivJ"l fldentlal. .1 317. iVd,", 'e'en?,,?! I With Every Stroke of the Pump- 0 Osage-Hominy Oil Q Elk Basin Petroleum ( H Sapulpa Oil & Relininj n Oklahoma Prod. & Ref. I ore doing- their big share In niijijw tho acute demand for the. product their tested pools. , All four of these oils are mbitis.' tint dividend payers jleldlnr I M rent to 13 per cent on pretent mukl nrlrM. : t you snouio Know sdoui tneir lltim location the men back of tbcift. and their future possibilities. - rlenil for nnnl.vtlcnl reporta on tytt1 inese companies -ciicck ine Itetk tr stocka you ore Interested In, tot m advertisement and mall with ih (1-T.r.) JONES &BAKERB B1UUK IIIIUUIIBS 4 Widener Bldg., Philidelpbit 1 Bell. Walnut 1600-1. .;! Keystone, IUce KM, New York Doltos Chicago nttitwrt Ulreef rrtvatt Wlret li l. i Brown Brothers & Co? Ri ff11a"a1i aakw afatara.tfaajmJW C-IIPPIMI .'. PHILADELPHIA Travelers' Letters of Credit Issued in Dollars for use in the United States, Canada, West Infii and other countries in North and South America. j Under the terms of issue of our Letters of Credit, travelers arrange for. availing of income during absence instead of payingllK full amount when leaving. A! i $47,500,000 CITY OF NEW YORK 4V2 GOLD CORPORATE STOCK Due July 1, 1967 Interest payable January 1 and July 1 Issued in coupon form of $1,000, exchangeable for registered bonds in multiples of $10. Registered bonds in amounts of $1,000 or multiples thereof exchangeable for coupon bonds EXEMPT FROM THE FEDERAL INCOME TAX EXEMPT FROM TAXATION AS PERSONAL PROPERTY IN THE STATE OF NEW YORK Executors, administrators, guardians and others holding trust funds are authorized by law to invest in the above bonds. Individuals owning these bonds are not required to make a statement of income derived therefrom or any declaration of ownership to the Federal authorities Principal and interest payable in gold WE OFFER THE 'ABOVE BONDS, SUBJECT TO PREVIOUS SALE, XT'lOW AND INTEREST, YIELDING ABOUT 4.42o0 Comptroller's receipt, will be delivered pending the preparation of the actual bonds. J. P. MORGAN & CO. FIRST NATIONAL BANK New York City GUARANTY TRUST CO. OF NEW YORK' BROWN BROTHERS & CO. July 17,1917, NATIONAL CITY COMPANY New York City BANKERS TRUST COMPANY New York City HARRIS, F0RBES & CO. . f-ttu-lmAL'teS. .4&&:3ir,:j ' ffKtyM-A I IjWSBE rjv?;' WtisJaUa of coat furnUjI.d: . in ina cw net r'. .-. WW!P,WW MWi 9 -- J r -4r' .'-!.. fnfi4fL;.- V ' ' y -r . e ,0M ;r.LlSS?,',
Significant historical Pennsylvania newspapers