;" - i Itf -.' I sV. ( PA i$ Sfc & I " rcii.lt, rock eu. ? ' MNKERS i SHORT TERM PUBLIC UTILITY. NOTES DUE 1918 TO NET e.50 AND 77. IOC CHESTNUT STREET MIILADELritlA PIVERSIPI INV n IPili Wmm i i 1 7Ae Key (o Success 4J Ai specialists recoirnfaM through but the country In all mstters per tsinlDff to stocks and bonds, ne lai pirt Information through the follow lux handbooks, any of xblch "111 lis sent free upon request for B3.pL. 1. lntestnr's I'ocktt Msmisl 2. Standsrd Oil Mile Book :l. Indepeadent Oil Hook 4. Bngar Stocks Handbook 5. Copper .Stocks Handbook n. Motor Slocks tlanitbonk 7, Silver Stocks Ilsndbook 8. Tobacco Stocks Handbook D, Twenty Payment Plan Hnoilet. J Our sertlce Is rrgularly contlnui-d fortnightly by mslllng our SO paja publication ,'nveatment Opportunities J Also, by detailed replies to all correspondence, Inquiries or Infor mation asked for throngh our StatUtlcal Department. - Investment Securities (Established 190S) 40 Exchange I'lacc New York MMMgCTWM m .ai..ark$g9. , BANKERS (KaUbUatwd 1W7I 321 Chestnut Street Philadelphia Morris Brothers Co. Established UDS Bonds for Investment Municipal and Corporation 1421 Chestnut Street - I'-rl" :-(. IXOAI. ADVERTISEMENTS jYV J DELAWARE CIIABTEB COMPANY IK) aiaruci oireei Regulation of Industry in War Times A brief discussion of this important subject is contain ed in our pamphlet No. 2530, which we will be glad to send to investors. Bonbright & Company .MOI.RIS WI8TAR STBOtTD, Jr. Manlier 437 Chestnut St., Philadelphia New York Boston Detroit London Fuia William P. Bonbrlgbt & Co. Bonbrlght & Co. 'tsfltaat. WBSfJf- f ,1 SV" TT'.V Ft- &. .- m "l " ,i!1 n v ! "Ju.',. ' 'V''77? ' - " '-" - ' ' Zi !. ' a ' , a: .24, - a- 10X7 V 1 FINANCIAL NEWS BEAR HMDS AND BULL FLURRIES ARE PRESENT IN DAY'S TRADING Leading Issues Soon Recover Their Balance Some Stocks Move Over Extreme Range of 5 Points Incentives for Operations on Both Sides High Points in Today's Financial News Stock market in New York all through day consisted of bear raids and bull flurries. Some issues had wide ranges.. War stocks active on New 1 ork Curb. Glain lower. Cotton irregular. Bar silver unchanged. Philadelphia Company June and three months' earnings good. Rubles weak n foreign exchange market. NEW YORK, July 24. Tho stock market all through tho day consisted of a series of bear raids and bull flurries, with leadlnp stocks quickly recovering their balance nnd comlni? back to nbout tho average rango of many days past. Some) Issues had an oxtremb range of 5 points, Ohio Cities Gas being traded In at 63U to 68. nnd closely held specialties llko Corn Products nnd Centrnl Leather at times had violent ndvanccs, followed by rapid declines. United Stntcs Stcol common, which must bo still regarded as tho key to tho general market, advanced to 122, from which It dropped to 120Vi. showing a substantial loss from yesterday's flnal price. Tho copper stooka nleo alternated between strength and weakness, with little net chango at tho end of n variable day's trading. There was a genoral disposition to find Incentives for speculative operations on both sides of tho market In tho Washington advices. Renowed references to price fixing worn used ns reasons for soiling Industrials and railroads at Intervals during the day, while the progress mado In war revonuo legislation was taken as a bullish lncentlvo and formed tho basis for fulllsh demonstra tions In tho afternoon. Tho genoral market situation, however, seemed to havo developed strength and tho market was more sensitive to bullish Influences than It has been for several weeks. . Less attontlon was paid to the uncertainty over the St. Paul dividend action, which Is to bo takon on Thursday. Some of tho railway issues, including Missouri Pacific, moved up because of a disposition on tho Street to plaeo a favorablo construction on tho Intcrstoto Commerco Commission ruling on long and short haul rates. There was a better demand for tho higher-priced bonds today, but trading In tho railway Issues continued small, and thoso sccurltlrs showed little change. Largo transactions wcro again mado In tho Liberty Loan and In tho foreign Government bonds at the same prices which have prevailed for somo time. NEW YORK STOCK SALES Close. SVf. SO 01 107 4Rw 7tiy4 Low. R'A 59 01 107 4H'.; 7(1 30 Vi 32 1.1 sou 24 !. vA 15V4 "04 iimi.h loivf, ioiy .ll.V.f, 113 113 . 119 U, 011 4Vi 07V4 120W, 131 202 Vi io: 63 0H S7V4 62 75 Net (.hue. (i "4 1 BOH 1 S3 1 13V4 7 V4 25 2 70 U 18 Vt (19 li .. 4,8 n7i .131 .305 .103 HlBh. Alaska Gold Mines fi'A Allls-Chalmcrs Co 29 Am Ucct Sugar... 01 do prcf 107 American Can ... 49 V, AmCar&FdyCo. 7li Am Int Corp 88 Am Ice Sec pref . . S3 Am Hide & I.thr.. isy4 do pref 88 Am Linseed 25 do pref 02 Am Locomotive .. 71 Am Malt IHi do pref 70 Am Smelting .. . do pref do pref A .... Am Sun Top. .. . Am Steel Fdry. Am Sugar .... Am Tel & Tel.. Am Tobacco . ., do pref new. . Am Wool 53 do pref 98 Am Writ Paper pf S7 Am Zinc & Lead pf 03 Anaconda 77 Atchison 100 10 (Hi 100 All Gulf & W I.. 100 101 105 Dald Loco Co .... 71 Ualt & Ohio 70 do prof 09 Barrett Co pref.. 109 Dcthlehem Steel ..130 do II 128 Brook Hap Tr .,. 00 Butto Ai Sup Corp. 87 Cal Petroleum.... 10 do pref 50 Canadian Pacific. .100 159 159 Central Leather.. 88 85 80 Chandler Motors.. 81 79 80 ('hes.i & Ohio.... 01 89 50 Cerro de Pasco... 34 34 34 .. Chi M & St P... 70 08 (18 do pr 109 109 109 .. Chi & Northwest.. 109 109 109 do pref 145 145 145 Chi It I & Pac t c. 35 34 34 do C p c pr t o.. 60 Chill Copper 20 Chlno Con Copper 51 Col Fuel & Iron. . 48 00 48 07 1 120 1 121 202 103 1 63 08 1 37 1 02 70 69 09 09 109 130 0 09 1 09 1 109 130 75 .105 . 20 . 80 . 35 . 09 38 124 125 1 69 60 .. 30 30 19 19 80 50 60 19 53 48 41 20 53 40 09 34 97 79 103 Col Gas & Eleo. 11 Col & South .... 20 do 1st pref .... 65 Comp Tab 40 Cont Can 99 Corn Products . . . 35 dn pref 97 Crurililo Steel ... 82 do prof 103 Cuba Am Sugar ..197 190 Cuba Cane Sugar. 40 38 Dome Mines 10 10 Distiller Securities 25 21 Hrlo 26 24 Gen Hlectrlo Co.. 150 154 General Motors ..115 113 do pref 88 88 Goodrioh B F .... 51 5t Gt Northern prcf. . 105 104 Gt North Ore subs 33 33 Oreeno Can Cop .. 41 41 liflW no 31 50 1M 74 103 28 80 31 09 38 40 42 111 118 20 12.1 33 03 25 1.3 9.1 10 67 31 00 .10 4.1 ,. 30 80 30 122 Net CloM chan 89 81 80 115 4 75 103 2 38 87 2 34 1 ! 38 40 42 01 98 21 232 17 123 .. 33 03 25 05 0.1 2 40 87 1 32 00 30 43 New York Curb Quotations INDCSTniALS Bid. Air Reduction 04 Am Stores 34 Aetna Explosives 7 Am-Brlt Mfg -. 0 Am Marconi 2 Am Writ Paper Canadian Car Co 20 Can Car & Fdy prcf.... 08 Chnrcoal Iron 6 Chevrolet Motors 01 Cramp o Curtlss Aeroplane 44 Carwen Tool ..". H!4 Carbon Steel 02 Hmerson Phonograph ... OTfc Federal Dye 40 Hondeo Mfg 20 KaUiodlon Bronze pref.. 1 Lake Torp Boat Lohlgh Coal Sales 75 Lima Loco 84 Maxim Munitions 2 Marlln Anns 02 N Y Shipbuilding 42 Nor Amor Pop Pulp.... 4 Otis nicvstor '6 Peerless Motor 11 Poole Eng ?n Redden Truck 14 Scrlpps Booth...... 25 S 8 Kresgo w 1 03 Standard Motors 11 Stonl Alloys 0 Submarine 31 Rt Joseph Lead 10 Todd Shipbuilding 80 Vrlanulo Film 1V4 X'ntted Profit Sharing... U S Steamuhlp 4 United Motors 24 United Sugar 30 World's Film Wright Martin Air 12 Zinc Concont 2 STANDABU OIL Illinois 22R Ohio 380 Prairie Pipe 280 S O California 201 S O New Jersey 010 S O New York 205 1 44 11 00 7 Tea. close. Asked. (Sale) 08 00 33 7 1 2 3 34 73 0 00 80 43 11 08 7 32 2 7 80 67 2 100 44 4 60 10 80 18 100 12 7 31 20 84 1 4 36 30 )i 124 2 31 20 4 24 12 "4 2 227 383 285 207 015 300 220 010 INDKPHNIinNT OIL STOCKS. Haskell & Barker. 38 Illinois Central... 103 38 102 59 .. 10 83 18 .. 41 1 20 1 65 40 09 33 07 70 1 103 100 38 1 10 23 25 151 113 1 88 51 ' 105 33 41 38 .. 103 Itlsh Int Acri pref oo Inspiration Cop... 33 inter-cons Cor pf 60 Int Harv of X J.. 115 int Harv uor. . do pr Int Mcr Marine do pr Intcrnnt Paper. do pr sta . . . Int Nickel.. .. Kelly Springfield.. 40 Kennecott Copper. 12 Lack Steel 03 Laclede Gas 08 Lee Rubber & Tire 3 1 04 Liggett & Myers Tobacco Co ...223 Loulsvlll A Nash. 133 Max Motor 31 do 1st pref oi do Ld pref 33 Mex Petrol 90 do pref 03 Miami Con Copper 40 Mldvalo Steel . . . 68 Mo Pao to 33 Mont Power oo Nat Con & Cable. . 30 Nat Enam & Stpd 44 Nov Con Copper.. 22 New O Tex & Mex 31 New York Cent . . 89V4 N Y N II & II.... 30 orr & west 133 North Pacific Ohio Gas . . . do rts 00 Penna It It 53 Pero Mart) w I.... 30 Phlla Co 37 Pitts & West 32 Pitts Coal ctfs.... 51 Ray Con Copper. . 27 Heading 94 Rep I & S 91 Royal Dutch 03 St L & S F 17 Sinclair Oil 43 bears uocbuck . . Savage Arms . . . Southern Pacific. . 93 Southern It R 27 do prof 65 Studebaker 55 do pref 01 Tonnesse C & C 17 Texas & Pacific. . . 10 Texas Company. ..100 do rights 31 Tobacco Products. 03 do prcf 103 Tol St L West cts. 7 do tiref 14 inner Type Co. ..108 108 108 3 union i-acino ....130 135 135 do pref 80 78 70 unuea wigar &io...ii7 118 115 1 Barnett Oil & Gbb 1 1 Cosden Oil 13 13 Cosden k Co 12 13 Elk Basin 11 11 Federal Oil 1 4 Inter Petrol 13 1.1 Houston Oil 10 22 Merrltt Oil 37, 37 Midwest Ref 174 170 Met Petrol 15 Mi Ohio Fuel 10 1 Oklahoma Ref T'h 9 O.ago Hominy 8 8 Rice Oil Vi Sapulpa Ret 11 T Sequoyah 1 10 Sinclair 28 2' United West Oil iV 1 1201 12 11 4 13 37 175 1 n 8 ii 1 .11 80 30 122 3 Vi 01 4V 53 10 1 37 32 53 1 20 .. 03 1 89 I 01 17 43 ..101 100 100 58 63 87 3 60 53 19 37 .13 63 20 03 89 04 17 43 .108 108 108 97 05 07 03 207B 85 83 01 17 16 189 21 02 103 3 12 03 20 65 54 91 17 10 189 21 "2 7 3 ! MINIMI STOCKS Alaska Standard 30 Atlanta 1 Big Ledge , I V4 Blsliec Copper (n pros) . . ft Butteo Copper & Zinc. ... 9 Butto New York 1 Calumet & Jerome 1 Con Arizona 2 Emma Consolidated .... )J First National 2 Goldfleld Merger 5 Goldfleld Cons 50 Goldfleld Florence .".... 20 C.oldflold Ken anas 13 Green Monstor Hecla Mining " Howe Sound 8 Independence Lend 10 Jcromo Verdo 1 Jim ButJer io Jumbo Extension 25 Magnato Copper II McKinloy Darragh 53 Magma Copper 48 Mother I.rfde 27 Mines Co of America. ... 1 Nevada Hills 16 Nipisf-lng ' Ohio Coppor w 1 Ray Hercules.' 3 San Toy 13 Stewart W Tonopah Intension 2 A United Verde .". 30 Went End Con 05 Whlto Oaks 3 Yerlngton 20 noxns Bethlehem 5s 98 Cosden Oil 6s 07 Cosden & Co. 6s 04 Cudahy Cs 06 Erie 5s 08 Now Haven 5s 03 Russian Govt BVis.... 73 Russian Govt 6Vis 84 Southern Railway 6s .... 08 Sinclair Oil 6s 03 Todd Shipbuilding 6a 101 N Y City 4,4s 101 30 11 1 A 0 1 1 2 n 3 7 63 25 15 8 6 11 1 73 30 H 60 40 28 1 25 7 1 4 15 11-32 2ft 37 70 35 10 1 ft 1ft 2 a 0 51 8 1 47 27 7 i.i 68 New York Bond Sale8J HI Qh llnno Amer .Air dsb Bs 70500 Anilo-Krench Ba """' mrr ".,; ;,-.. ao 11000 Amer ""'"-,7 V. ss 000 do Ba ." I, inn An cvt 4WS .iV" 0000 Amer Thread 4s .... fiooo Amer Wr" ' P B" ' 30000 Atchison ill iniU 03"i 03H Low. 3 r m. 1 BiVM n 02 E 88i 88"4 .1 nfti. nu ! 22 'nsi! i ffl ,n.?' ., 1." mi. Pla 1IIIIUII Unit UniO OTSn.. .. - -. . B7 1000 do J 8t, 84?, ifooo do 4 ,, i J," fi 8000 do ev 4'i ...; "., 5jV llSt, mull HrKn lip lr,"", 'V. v i 824 MS mini iimh Term lid 6 . . f-Jj "r.jj jn2l, 1000 Cent Distress 1-'. !"-, nJ MOO Cnn Oot 5f iO-'l ,. J,K HO's L'OOT do B 1031 ..: ', , n. ni4 871 70(10 flics Ohio 4'4S innnn r tl h Q lolnt 4fl .... Ho IOU.I C St I. M ft O 0s... 112 Hint) c -M MP dlv 4... J4 immmi do rfd 4V i? IWiiin do CV By ' 0000 do CV 44 s 8SJ 4011(1 C 11 I P 4 J0H iu.mi 1 c c i. mi vn 4"- , 14.V10 City of IMHb i.. M' inun Del Hud cv .. ,0 inno Dt Hdleon 1st 6 33i 10'l ' 1000 DIs S'O Corp 6s .... 07 (WOO i:rle ronv 4s Ber II. . lriooo n-enrh llepubllc .i'4 .!?: ..;.,... .-. t. ...... -.- i.U'" wen i.i.t .i.-ii 4000 HI Slecl deb 4Hs 4000 Indiana Steel ,6s S3J envi 112 84 83"i 88'4 M'i 09 04 08 100 07 65 OR mm loan 103 HT ,nJ . P3S P9VS 71. R7 102.. n.vA 3's 83H R7JS 112 84 83J4 07 881 VA 09 94U OH 10(1 07 65 nsa Il.T Ktjl 77'J "'if R(l!r 70k4 S3Vl 83 10(l 100 110 87 102 0.1 M't PflV? "8 M; Mi T0' 83 Kioi 100 lio'i nn nn flrt I'lflS'i IOS'4, 108V4 m in 70 '104 mm mm 10: . 774 . !''? r.2' PlH 8S'a osU Pi's 88 01 102 vnmi tntrh Met 44 s. l'lOOO Interb It T ref 6n 4000(1 Inter Mer Marine (is 100(10 Ititernl l'nper 6s . 1 in in 1 11 it-1 iiki hj --. 220OO III Ccn C ht LANO Ba PIT 1000 Jul. new EnK ta 4V4a Rl'j 160CI0 do now 4'se. . ... 04 3000 1C C Ft S & M 4a.... ni 1000 Knn Clt5- Ho B , J2's 1000 Kan City Tcr 1st 1;. . W. 1000 tJrett A Myers T 7s.lOO',S (.000 I.orlllard Ba . 100 .-.onn Louis . Nnah 4a . 0 1130000 Liberty l.n-1 4 Jg ro 4tJ(0 094D.f,n 1000 Lvons ns m . 4 J r.ooo Mnnhattan 4s, M'4 M4 J3 , M)00 Minn Ht L4st . . 4l 18 40 MOO Minn Ht P H S Jill . JU MJ JR 4 nnoo Mo Knn T 1st I; . . (.n's o"V4 jn'i 1OO0 Mo Pac jv I Ba 1003s . 01 01 til 22000 do w I 4a 00 8" ",, "nnii tn ,t ..... ... ." . -'( - - 4000 Montanu Power Ba 1000 N Y Cnnul 44 s , 3000 N Y C M C col 34 II00O N Y C II 0; . 2000 N Y Clt 44 s 1003 4000 NY Clim 11 ft P 4. 1MI00 N Y N H t, II s. 11000 N Y llwv 4a . . 3000 Norf Wost Poch 4s. J7' r.nnn 'nrr r,i a . .,'- 7000 Nor Par Tirlor 4s... r.ooo Oro A W II ft N 4s. loon J'arlfle Tel . r.noo I'aclflc Ons Bs . . l.'.onn I'ennn Ken rt 44" 100(1 I'ere Mnrauette ns .. 30011 HeadlnK wn ta 1000 Hep I i- .; KKKI St t k H P ut P000 do Sor A 1000 do Her n 37000 Poutll Hell Bs 1000 Smith Pnc 4a 200H do n In .... BVH1 dn r t f P 63 BOOO do rfd 1 :iofln Smith Put Term Ba. . 2000 Smith Itwy Ben la . . 2000 Ctnh IVnv A I.t Bs. . 1000 rioter & Dl Bs otnon r H Itubber Bi BOOH V f COM 2100(1 lT K Steel s f 0s BOOO I'nlnn Pic lot l. 2000 do CV l 1000 t'n Hwys S r In.. II BOOO V K fl II & I B4s 00000 do B4s 1010 p-,000 dn 54 s 1019 nW oTno.l ti. r.Uq 11121 10000 Va Cor Chern 0s 00' 2000 West i:lec 5s 00,, (,000 West Shore 4 82U n R7U 88 884 70 08'i 041). 01 1(V. 77 f no', B2' 01 7'4 88 RS'i 7n.. PI'l M 01H 01 10014 1004 1004 nn . n2l . so . on", . 70'i 82 .1(10 . SO' . 07 . nn . 894 . 05V4 . ss 004 nn na4 81V PO'i 70 82 no 804 074 nn4 804 054 81 004 ,.104'4 104 . .. Pli pi; W 18 0"i . .. 071 . . . 00I nn'i a.i'i 0s 07 on8; v, o 00 82't nn 024 80 pnH 7n. 82 pn sn'4 074 nn 8I)'4 PVj 81i P4 l"1.. 01 ; RPT RVi IIP 4 117 on'i nx'J PO's 09 82 27 103 74 14 Suggestions How P( to Invest pff Send for Circular L 143 )r A. B. LEACH & CO. 115 South 4th St. et "'Pr WILMINGTON, DELAWABB Cspiln Incorporated undsr Delawara Law. Kstlmatea of cost furnished. FMKlnly-Larrach 64 68 SI CAUTION NOTICES EBrfl NS ABE HEBKBV CAUTIONED rboriliaT or iruiuiis. sqr 4 411 moutr Lwrit, 4wsi y of ths craw jrom .master, as no tV WW o m mmy ',alL Do you know that this young producer (J la earnlnc at the rata of three " tlmea Ita 10 dividend require ments! d That Ita present output la over 10,000 barrels dallyT (J That It has 89 rich producing 2 walla, with a mora nearly com pleted! tf And that It Is now Installing jI a plant to recover 10.000 al. lona of eaaollne dally from Ita three bla; cas wells? Write for a new report outlining the rapid development of Osage Hominy Oil. Send (or Report 157-T.U. JONES & BAKER STOCK, mtOKEIW Wtdener Bldg., Philadelphia Bell. Walnut 1600-1. Keystone, Itaca 2290, New Tork Doateo Chicago Plttsbarth Direct Private Wire: . united itwy invest 9 0 do pref 21 31 US Cast Ir P & Fo 21 21 U S Ind Alcohol .,161 168 United Paper Bd.. 29 39 U S Rubber 00 U S Steel 133 Utah Copper 101 Va Car Cliem.... 40 Wabash 1 3 do pref A 40 TV Maryland 2 1 West Union Tel. 94 0 21 21 150 1 20 1 JONES d BAKBR. Wtdener BUSg.. Philadelphia, Pa. Tou mar nd m your report 157-T.U. Nam 1 Addreit euu .... ' j-iri' Westlnghouse Mfg 49 Wool worth 126 do pref 96 Worth P & Mach 34 Wheel & L E.... 10 Willys Overland . 31 do pref 06 Wis central .... 49 Wilson Co 60 60 00 120 120 1 101 102 40 13 10 20 01 48 126 00 .. 31 1 16 30 06 40 07 I 98 08 00 100 08 07 70 88 98 103 101 98 74 87 LONDON STOCK MARKET LONDON, July 24. A feeling of reserve was manifested In the Stock Exchange to day, becauso of the news from Russia. Tho markets were dull, with operations re stricted. Although there was no large selling, buying orders were often canceled. Tho gilt-edged section wavered, owing to tho latest credit vote of 650,000,000, the largest single issue since tho outbreak of tho war. Russian bonds wero flat, but other Allied descriptions were maintained, Americans and Canadian Pacifies receded following tho setback In prices at New York. Sat isfactory earnings failed to help Grand Trunk's, which sagged. Homo rails were narrow and mixed. Ar gentine lines wero weak under renewed offerings. Brazilians also dropped again, having been affected by tho adverse posi tion of exchange. Rubber shares wero firm, in sympathy with the staple Mines and 0II3 were slow. Current dividend payments caused support to be given to bnnk shores. London 12-30 AtchtAon 105 Canadian Parlflo 170 Chesapeake & Ohio 0.1 St Paul 724 Erlo 29 dn Int Tiref 40 Illinois Central 100 lAJulsMlln A Naahvlllo 130. Central Pacltto Pennsylvania Reading Knuthnrn PnrlOo Union I'ncino i? United States teel 128 vrnorv nv TRADING TAKES PLAGE ; ' IN WAR STOCKS ON N. Y, CU Movements of Prices, However, Are Over Narrow Ranp Movements 01 r , without g d j Eff n g on Airplane, Issues NEW YORK, July 24, n,.rinr the greater part of tho day tho most activity In tho Curb mark! During me greuii.. j .,-!,-. Thnsn Issues worn li-M i 3 T ""Talfand somTof therti Zo further fractional gains, but tho m0 i rnontswero 'vcrV Trow compared with tho importance of tho Washm . .. - ., .viih thev were based. 1, twwi"" ' "" " vlatlon expenditure bill was without apodal .ft-A .I. -1 i ..Art. nlthoUKh both issues mado modorato gains bafore OH.3 event occurred. Wright-Martin durtaR tho first half of tho day ranged frora :;,,.- 10.V. nn.4 mirth. Acroplano moved up from 43 to 45. .1 Ohio Clt'les Gas new stock ranged from G3',4 to 66. Thero waa heavy trading! . . sr-.. i tkl -in k. ntin jir iicuuuuuu uuvtuiucu 1 Duinin in ui u " re...t .ntorests was shown in mining stocks. Big Ledge sold at 114 and ls '1 nnd Ohio Copper at 1. United Motors mado a better showing, advancing from 24 Vi to 25V4. The Most Efficient Railroad in the World is inaugurat ing a new system of car service which will mean the saving of one thousand box cars per day on the Pennsylvania lines east of Pittsburgh. What can be saved directions? in other N. Y. equlv. Ill) 170' 00 no 2794 KX Not ilv. chse. 5. u 2!4 84 B54 00 07 1004 14 123 .. 80 U P4'! What is Greater Philadelphia wasting by her method of selling goods through New York, in com missions, interest and expenses? What is the amount of loss by reason of extra freight, cartage and delay in shipments to and from New York? If we fully realized the great growth in Metropolitan Philadel phia, we would be alert to cut off this extra expense charged on our goods, and look to a further devel opment of our local interests. The war will force the cutting of many expenses. -a How goods? are you selling your 1354 1214 Corn Exchange National Bank Philadelphia Cheitnut at Second 31 iM V 10 13 49 20 04 48 130 00 34 16 30 96 49 67 INACTIVE NEW YORK STOCKS Following are quotatlonsl for Inactlre stocks listed on the New York Stock Ex change and In which there were no trans actions today. The price given a the last nrevlous close. Advance Rumelr. 184 Adv Itumcly pf.. 284 Adama Kxpreaa. .110 Alaska Juneau... 34 AJax Rubber.... 67i Amer Abt Chern 93" am Ait cnem nf.loo' Am Beet Bus pf..l0S A II I l' ctfa.lOJ do ctfs nref ..!,, Am Car A Kdy pf.118 Art! Cot Oil 374 Am uol uu jirei. Am Express ....100 Amer Ice Sec... 11 Am Loco pref,..lU. Am Smelt Pf II.. W14 Am Susar pref .lls Am Sumatra pref Am Tel A Cable,. Ov Am Writ V pf nw 34 Assoo u a 1st n.oi $565,000 Louisiana State Rice Milling Co. Seven Per Cent. Cumulative Preferred Stock Class A si i n dUldendChlcaco nnd Northwestern pre ferred. 1444. 1454. 1454, 1454. RAILROAD EARNINGS ANN AltDOR 1917. Increase. Second week Julr 102,393 49,623 Prom January 1 1,672,916 114,443 TOLEDO, ST. LOUIS AND WESTERN Second weak May (131.092 HO.lOi Tear ending- Dec. 81: 1016 Total operating revenue 13,058,087 $820,206 Operating- Income 1,808,22J BDO.BOO Total Income 2,011, 130 000,702 Surplus 431,803 039,270 Decrease. BAR SILVER Today New York (centa) 78S London (pence).. 30!i Tea. 394" Iist. Tues, Thos 4011 1917. ah Iow, U 711 41U 35 H HI ... ia....a...... ..fl.....i itat ? FOREIGN EXCHANGE NEW YORK, July 24. After the -arJy nominal quotations rubles developed weak ness, selling down to the low records of 21.10 for cables and 21 for checks. The depression was obviously due to the un favorable military news from Russia. French exchange was a shade easier, while pesetas displayed firmness. Sterling .and the other classes of exchanges showed a steady tone on a moderate volume of deal ings. Quotations wtre: Demand sterling checks 4,715. 65, cables 4.76 7-16; sixty-day bills nominally 4.72U, ninety-day bills 4.70. Frano cables 6.76, checks 6,76. Lire cables 7.21, checks 7.21. Swiss cables 4.63, checks 4.65. Guilder cables 41 E-16, checks 41. Pesetas cables 22.93, checks 22.86. Ruble cables 21.10, checks 21. Stockholm cables 31. checks 31. ChrUtlanla tables 29,66, cheekafjt.41. ,,C4pn&M cvie x,,olebt4)Mtl Atlan Coaat Wne.1114 llaldwin Loco pt. 10014 Darrett Co 100 llrooklyn Un aaa.ioc, llrown Shoo .... 71 Hums Ilroa 08 Cfci Packing ....374 Cent Leather pf. 1124 Cent & S A Tel. 117 Chi & Alton .... 16 Chi & Alton pf.. 23t4 Cht Ot W pref.. 344 CItltl'tP.M ( CRI&l" 7 po pr to 80 Cluett-Pbody pf..ll(l,. Con Oas ot Halt. 1114 Cont Can pf 113 Con Int Cal Mln. 174 Continental lnsur MS Cuba-Am Sue pf.1014 Cuba Cano bug pf 904 D U S & A pret.. 0 Del Lack ft W..21U Den Si, lllo Grand 92 Detroit r;dlson..,125 Elec Storaee .... 00 r.lk Horn Fuel... 34 Krl 1st pref.... 88., Erie, 2d pref 284 (Jen Ulnar Stores 33 Oranbv Mining... 82 Uulf mates SM..120 Uulf Ht ni 1st pf.liu Hartman Corp ., M Havana Eleo ....lot's, Homeataka Mln.. 101 int Nickel pref. .101 Int I'aper pf....l05 Iowa Cent 4ft Jewel Tea 43 , Jewel Tea pref. .1034 Kan City So pf. 6J4 Keok n M .. 44 Leo Rub &. Tire.. 21Vi I, K & W pref... 30 LonK isi cla of 1 HI Lorlllard : Co... 203 Mackay Co pf .. 64 Mackay Co ..... 80S Manhattan Beach 1 li.-w.ll fntne 1st pref 1K Manhattan Elev llr. May VeV Biores, (M4 May Lwpt Bta Pf.lOS Mich Cant. 11 Minn a St L new 164 Mo Kan t Tex... 84 M K T Pf.... Iljy M St P 8 3 M.10S4 M BtPaBSM pt 11 , Mo Paoc of t r P fjH Mont Tower uref .1124 Morrla & Kaaex.. 804 Nat JJIscult 109 Nat Hiacult pf ,.m Natl Lnam & a pf 004 Jat Lead 55J4 Natl Iad pf . 110V4 Nat Hit MuVdpf a NY Air Brake. ..12? NY O 4 St I. 2S S Xf, at l, vj mk N Y Dock pref.. 411 N Y Dock 174 orth American.. 11.' VuYa ?,tla St I.. 05 Ohio l'uel 47 Owens Hot Mach. 01 Paclllo Mall .... 27 Pao Tel & Tel... 23 Pref ct 03 JVo iv Itasl , , . ' ., Peoples Oas .... 77 S!S'lpref.:i6o ' ,J- C i. bt L,. ... 74 Ptts Coal pf ct.,120 I'lercc-Arrow ... aui do pref ' n7L? Preaacd 8 Car Pf!l02 Qulckallver ..... 14 do pref "i! lly stl Springs.! r,a lleaillns 2d pf. . 431? llepubl & 8 pref, 1024 baxon Motor ... it Sliattuck Ariz ... W Ht 1, & s V ota. r'9 St Louis i S w, it St 1. & S W...: ."4 Seaboard A L pf a Seaboard A L, . .. i"T4 bloss.Sheflleld H 4t Iron pref... 93 So p ltico b.,.,207 8 Porto it sub rts 84 South Rwy pf .. bo bland Million ... bs ao pi K34 gluts Motor .. 454 Superior Stl .... 45" Sup Stl lat pf ,, iojU Tidewater Oil ...205 1' St L. & W ctfa 10 do pr -i ,, ,, h Twin City n T. . 834 underwood Typo, 102 tin Ilac & Pap nw ki Un Hat: ft I'aper 11H Jfl,..cWr . -1 Unit Drug 1st pf 824 Untied Alloy Stl. 44 United Drug .... 73 United Dyewood.. 68 United Dyewd pf 954 United l-riilt ....134 Ln Paper Board.. 28 Unit lty Inv pf.. 214 U S Express .... Ill U S Kealiv imp, uu U B Hub 1st pf. .107 U H Smelt 4 i pf 6, uisn oeo worp... ISM Car Chern pf.lio Registrar Metropolitan Trust Co, New York Whitney-Central Trust & Savings Bank New Orleans, La. PAR VALUE $100 FREE OF NORMAL FEDERAL I NCOME TAX Transfer Agents Guaranty Trust Co. New York Isidore Newman Son New Orleans, La. I Dividends Payable Semiannually January 1st and July 1st -of each-year CAPITALIZATION EARNINGS Authorized Bonds 6 Closed Mortgage Preferred Stock 1 Cumulative Class A $1,000,000 Preferred Stock 1 Cumulative Class B 384,600 common btock 3,000,000 Net Income for 10 months ending April 80, 1917: Louisiana State Rice Milling.' -Ai-Kansas state Rice Milling , Texas State Rice Milling Outstanding $278)00 565,600 884,500 2,949,180 $504,004 59,557 14,140 $577,701 Va. Va Iron C & C. till Ytesi Md 2d pf. CU4 West Pao 11 R. . 174 Wheel & U B pf. 33Vi ao pref , 47 Willys-Overland.. 314 Wl'eon co pf,..,l(,XH Wla Central .... 494 , taflu'iwu Pump 854 GOVERNMENT BONDS 2a. registered, 1930 2a. coupon. 1930 ... 3s. registered, 1918 3s, coupon, 1018 .. . 4s, registered 1923 4a, coupon'. 1023 ,.. 3s, registered, 1949 a wiiinnn 111411 . - . Panama 2s, registered, ma Bs S, COVSWSI ...,,.. ii.v- - . ;; .. : ?C iliXi-K 1086, an&ma 2i. rerlsUred. 1BS riKwicrcti. itM4MMHH , sa Bid SSIt 1044 83 06 96 SO J tTOTAL NET INCOME Owned nnd Controlled by Louisiana State Rico MilHntr. iHai w ii iimes dividend requirements on Preferred Class A stock for year. The distinctive features of this issue are summarized in the following: 1. The dividend requirements are earned more than FOURTEEN TIMES OVER 2" FOURTEET.MFf?rei,thriten a8 m pril 30 1917' were $577,701, or over T THP Sp? 'T7SS?nft? 955 Perred StockannualdivWend of $39,585. d. IHh NET TANGIBLE ASSETS. FVn i icivc nr r nnr um t n.Tnnl, 4..in-r? avn I5sAETSAMRnSre P2lS.Jwram i Tivf PDcnDDrn Tc-rX ,3 XL'"'ou rtK SHARE OF CLASS A CUMULA- iandstodtcThoJncevMd only conscnt of 662-3 of M fttocK outstandincr. both common and vM-AfAAJ u afl a. f-k . . -- f. WllbU, .; as hV2SSi as ajrjmjs..-s ? .divid-d. -4 0. ha. able at 110 at any dividend period. ' mrmal ,CdWrt toCme T ." M I htf I.AninnnV'l an. m lmB la...... a1 1 m J Al vear'a ln, 3, s-T:"" esiamisnea eighteen years and, with the exception of one S00,000r fcarnrSlTllir"18 " f " h" tCd $" The volume of business is the lartrMr nf :. i,: j : at.- it. i r.. . .... . . s - raUprl in Iiii;n Atof . Knot i , ,"." " u,c vjnuea states, and or Uie total croj, jyi T?e prodiSSld. ?2l 22?JffibM.rbJed.by Loa State Rice Milling Company.,1 Kfr0Si?,"d!lld0t to jobber, and merchant, III over theVl No further morttr-c,: Vn C "L ..4!T,ancle.??,uth America, and to some extent in Europe. l No war order. ulJLuZL ZZZi?u7?. 01V? ?r cl of stock has assented thereto. - -ww t wviii VAbuuLcu. sarin nr tKam .. . r m . i . m a - . i 10 for export use. "mount or sales yuy0 tt tor domestic ana Srf or compf.ee crcufar and booklet on .' indu.try, which wo .hall b. 8lad to tend yoa fr of cost. We offer the unsold balance of this Issue at 100 and accrued dividend to yield 7 J. S. OUTER & COMPANY KIslall.. rr,- , . w - - -.v,luiDwg, isoston. Jias4 Addream nw .!! M. " JOHN L SHRA pun. jj.t. ; .. 7, 4. 5. 6. 7. 8. 9. 10. 148 State St. ' Addrmmm w .!! M. fLiHLPWW lUprt leMHU IM1 t fih
Significant historical Pennsylvania newspapers