lb. :
,y KMAYLVJUIIII
TAX FRIE
TAX REFUND
PtliLIC UTILITIES
"b-V
'.- Ji-
,,
Kr
P
t
r
NETTINO
rOH S.05 TO S.22
DETAILED OFFERINGS
REQUEST
ON
REILLY, BROCK CO.
BUNKERS
306 CHESTNUT ST.
rUILADELPUlA
August
Investment Suggestions
Unusual resources and fa
cilities, close affiliation with
the world's investment mar
kets and wide diversification
of offerings are among the
attributes of this national
organization.
The increasing number of
investment problems due to
current conditions make it
essential for investors to
enlist the services of a well
rounded and thoroughly ef
ficient: investment organiza
tion. Let us help you with
your individual problem.
S for Our August Circular
FE-131, "Investment Suggestions."
The National City
Company
1421 Chestnut St., Philadelphia
New York Chicago Sin Franciico
Boston Pittsburgh
OonBnney
r.Iwc
AUTOMOBILE. BANKERS
Offer special facilities for In
dividuals or automobile deal
era to finance the acquirement
of pleasure cars, for business
houses to finance the acquire
ment of commercial cars or
trucks. If you are thinking of
purchasing a car of any kind
for any purpose the FINNEY
SYSTEM will make ft better
business transaction for you.
REAL-ESTATE TRUST BUILDING
PHILADELPHIA
WJ
F&
&
$ -J If
ten , p-
km I
P
W' 1
5 V$w
SPECIALISTS IN CURB,
COPPER, OIL STOCKS
G. W. FIELD & CO.
v Established Hoston 1007
COMMISSION STOCK HROKERS
Stock Exchange BIdg., Phila.
Direct private wires connecting- all offices.
New Tork Philadelphia Boaton
HEcteica :;
BANKERS
and
ROKIRl
0th A CMKTMUT 8TB., N. E. COT.
Msrabjrs or PMI, took Bichs.ni-.
Direct Wlrs to ttmw York
000mkl0tlm
American Stores Co.
7 First Pf'd Stock
REED A. MORGAN & CO.
WEST END TBU.1T DI.DO.. PHILA.
Usmesrs of the Fblla. HUttk Exrhana
LEOAI. NOTICES
s-3. THE PARTNERSHIP FORMERLY EX-
s- Istlnc between n. IJ. Abrahams and A.
'jVAftK1 uoianerjr .unaer ine nrzn name l.
-r-, -MAMS CO., sua .Market at.,
. ?' ar mutual consent.
i. , J'i.aoailucted by B. 11.
: ,y ) u tne nrm are v
"'iJiA'tlia nrm are to 1
SJ5 ...
Mi
RW&.
j
II. AURA.
has ben dissolved
The business hereafter will bo
Abrahams, to whom all bllla
iayable and all claims due by
presented xor payment uy
&:
LONDON STOCK MARKET
Business Is Light While Exchange
Waits on Developments
'.v. TiVDflS. Julv 30. Hesitation was In
' "!n Aj.n.. nn h Rtnnk TTrrhnnen tndav and
1 " J$uslnesH remained light. Activity on the
V ' "P -iLrt nt Invontnra failed to' Increase. Tho
gilt-edged section was irregular. Fresh
-'.XJfcuoyancy was shown in tne 4 per cent
i.nmr loan. Allied securities were quiet ana
KunitrnV TliiaHlan descrlntlons were
," 'Americans were Idle, but were sustained,
'i'fcr the, Improvement at New York. A favor-'
le report on Its net earnings for June
ffjsjkde Canadian Pacifies firm. Some home
" atJlway shares moved upward. Argentine
:Mmm also advanced..
IjlBrailllans were stronger on betterment
the position ot.excnange. ituDDers were
w.- Tho companies are aranging a new
tRlon to the Treasury for relief In tho
er of excess profits. There was light
of shipping shares. Mines and oils
i bard.
' )
CwnO A
'Ohio..
ui ....
t praf .,
qmtral ,,.,
i Huh. ......
arlilo ,.'.,....
vama .
London
12.S0
. 105
. 180
. 63
T" .
. 28H
. 30
. 107
. 120,
, OS'
. os
. so
OS
N. Y. Net
Equlv. Chre.
100 U
lTlH loS
64H-- S
:h
i.. ....... ii?
128
IH--
87
10lH .,
122 ,.
83Vi ,,
94?!T s
osv u
las, w
J22 H
' FOREIGN EXCHANGE
'TORK. July 30 Tho market for
xohange In tho early dealings to-
I "little of interest oeyona a
pnr Business was' very sluggish.
ware;
atarllna- checks 4.T6.SE. cable
baty-tey. bill nominally .7: U,
I4M" .' . '
f.n. .i?i.
feSSfh;-
L1Wi 'Pil 7
: M.M.
M.
-,.
..
"i
. . .-i.. -.fl j-s .
cf . '. t i . T- . '. ;
v w.wtrri t tWtvtt.t?- PTTTTi A iim-jmtx . Af Otffb AY. JTJLY , 30, 191T
, ,w, , ,. . r , .., : i
-.
- .'.
'C
FINANCIAL NEWS
STRONG TONE MAINTAINED BY CHIEF
ISSUES IN THE WALL STREET MARKET
List 'Follows United States Steel Common Strength in
Late Trading Due to Reported Peace Move at
Washington Marines in Good Demand
High Points in Today's Financial News
Chief issues maintained strong tone in Wall street trading, especially the
steel shares. Stocks of companies expecting Government orders active on
New York Curb. Grain and cotton irregular, liar silver unchanged. Some
favorable railroad earnings issued. Foreign exchange steady. Money easy in
Wall street.
Lfi
NEW YOHK. July 30.
Stock trading wns kept quite active all through the day In splto of Intense
heat and a general confusion of market news and price movements. Tho chief
Issues, especially tho steel Industrial group, mnlntnlncil n strong tono all
through the day, with United States Steel common, nfter advancing to 123T
and reacting to 122, ranking u brisk up turn to 12414.
Generally tho rest of tho list followed the leader on all these movements,
but thcro were somo exceptions to tho ndvnnclng tendency. Industrial Alcohol
nnd Distillers, which were strong In tho forenoon, declined later In tho day, and
tho copper st6cks failed to nharo In tho steel ndvnnccs.
It was said on tho bonrdroom floqr nnd In tho Wall street district gen
erally that tho strength In tho late trading was duo to tho reported peace
movo at Washington as a result of earnest endeavors of Oermany to reach
a basis for negotiations. Washington ridiculed theso statements, but they
found many believers In quarters where tho market tono Is determined.
Tho Marino issues wcro In good demand during tho greater part of tho
day, with tho preferred stocn ndvnnclng moro than 1 point, nnd Baldwin Loco
motive and American Locomotive wcro helped In their market position by
allusions td what these companies will do If any foundation oxlsts for tho
peace reports.
Itallroad stocks were steady, but were neglected becnu&o of the devotion of
tho limited speculative Interests to the Industrial Issues.
In bonds tho most Important feature was activity In tho Liberty Loan,
with tho full bonds of 11000 or more par, nfter declining to 9D 33-50, ndvnnclng
to 9D 47-50.
Net
Hlah, Low. Clone, rhje.
...IIS IIS 11.1 .1
,..67 00V6 07 '&
...ti n n
.. STj, 3T' 3T'a ..
Co 20 20 20 M
H.TU 3 S-IJ
01 01 01 2
02 V4 02tt ..
4,i 4KMi
70 70 y,
110 110 v&
7 BBVi
37tt 37V4 ..
1V4 NHfi 1
r.s r.2 V4
ao no
20 27 V
03 03
TIV, 73V4 Vi
io 10 n
71 70 Yi 70 Y Ul
.103 102 103
. ROY 49 iOVt 1
. 00 08V4 Yl
.121 120VA 121 H
.118-Vj 1I8V4 US
Am Tobacco 20PA 202 202 214
do prcf new.... 101 101 101
Am Wool B3!i. S3?!, 03
Am Writ Tap pref 37 37 37 ..
Anaconda 71 70 77
Atchison iooyt 100 100 Y
Atl Quit & W I.. 100 105 10S!i l
Baldwin Loco Co. 71-Vi 73 71
Baltimore & Ohio. 70 70 70
Bethlehem Steel B.12A 120 128 1
Brooklyn Rap Tr. B0 no fi0 M
Adams Ex . . .
AJax Rubber
Alaska Old II.
Alaska Juneau
Allls-Chalmers
do pref ,
Am Agr Chem.,
Am Beet Sugar.. 02
Am Can 48
Am Car & Fdy Co 70
do pref 110
Am Int Corp .. 08
Am Cotton Oil ... 37
Am Ice Sec 15
do pref B2
Am Illdo & Lea pt 00
Am Linseed 27
do pref 03
Am Locomotive... 73
Am Malt 10
do pref
Am Smelting . .
Am Sum Tob. .
Am Steel Fdy.
Am Sugar
Am Tel & Tel.
Cal Petroleum
Canadian I'ac . .
Cal Tacking . .
Central Leather
Chandler Motors
Chesa & Ohio..,
Cerro de Pasco,
Chi Ot Western
do pref
Chi M & St P
10 10 10
.100 lsoy, ion
37
88
80
00
3ft
11
33
70
37
87
80
00
31
11
33
08
1
do prof 110 uo nu'jtt -t-
nhi n I Pac tc 34 3 3Vt t
do 6 p c pr tc. . 89 08
do 7 pc pr tc. 72 71
Chill Copper 20 10
cni TTnei & Iron. ftl 00
Col Gas & Klcc 40 40
37
88
80
00
35
11 .
33
08 1
B0
72
20
Bl
40
Consol Gas .
Corn Products
do pref ....
Crucible Steel
iln nref ....
Cuba Cane Sugar. 30
do pref v
109 109 109 1
35 35
07 07
82 Bl
102 102
30
88
0
28
24
30
33
35
155
Dome Mines 10
Distillers Sec .... 28
Erie S4
do 1st pref 30
Elk Horn Fuel... 34
Gaston Williams.. 39
Gen Electrical Co.155
Gen Motors 113
Goodrich B F pr. 50
Grt North pref... .101
do subs 35
Haskell & Barker. 38
Int Agrlcul pref.. 58
Inspiration Copper 58
Inter Cons Corp.. 0
Int Harv of N J.. 113
Int Mer Mar .... 29
do pref '
Intl Paper 34
Int Nickel 30
Kansas City South 22
Kennecott Copper. 43
Lack. Steel 2Ta
lehleh Valley ... 03
Lee Rubber & Tire 21
Lorlllard P 205
Louis & Nash
Mnv Motor. . .
M.v Pfitrol 05 0t 03
Miami Con Copper 41 41 41
MIdvale 50 58 B0
Mo Kan & Tex... 0 5 5
Missouri Pacific .. 32 31 82
Mont Power 00 00 00
Nat Con & Cable.. 30 30 30
Nat Enam & Stpd. 45 44 44
Nation Lead pfd.lio 110 110 ..
New O T & Mex.. 31 31 31
New York Cent.. 88 88 88
N Y, N H & H . . 30 30 36
Norf & West 121 121 11Wi V
Northern Pacific.. 100 100 100
Nova Scotia Steel 07 07 07 1
Ohio Gas 58 07 oo t -
35
07 V
82 "4
102
39
88
9
28
24
30 2
34 1
38 3
155
111 112 V4
50 50 ..
104
35 1
38
58
50
0
113.
20
88
34
38
22
43
02
03
21
205 1
104
35
38
C8
65
0
113
28
87
34
38
22
43
02
'63
21
203
123 123 123
33 33 33
Ontario Silver ... 5
Penna II U ...... 53
Peo Oas & C .... 77
Pitts & West .... 32
Pitts Coal ctfs ... 55
Plerce-Arrow .... 40
do pref 08
Pressed Steel Car. 73
Ry Steel Spring.. 52 .
do pref 08
Ray Con Copper. 27
Reading 04
Rep Iron & Steel 01
do pref 103
Royal Dutch 65
Saxon Motors .... 10
St L, S F 17
Sinclair OU 41
Scab Air Line pref S
Sears Roebuck ,,,170
Savage Arms ....102
Shattuck Ariz ... 23
Sloss-Sheff S & I. 03
South Pac . . . . . . . 03
Southern RR 2
do pref ....... 55
Studebaker 54
Tenn Copp & Chem 18
Texas Co i
do rts 20
Tobacco Products, 05
Union Pao pref ., ,70
B
53
76
32
54
40
08
72
52
08
27
04
00
5
53 ..
77
32
65 1
40
08 ..
72
52
08
27
04 ..
01
101 103
64 64
18 18 1
17 17
42 42 1
28 28 . .
100 170
08 100 2
28 23
53 53 1
03 03
2 26 ..
54 55
68 64
IS 18
187 187 I
10 20
4 65
70 70
United Cle Stores 115 114 115 4v
United Alloy Steel 44 44 44 I
United Fruit ...,.184 1S4 134 1
United Ry Inv pf 20 18 20 1
U S Ind Alcohol. .160 167 167
U B Rubber .... 61 1 61 J-
U 8 Steel ......124 Ui
dopraf 11 116 118
,Uth Copper ,;... 104 161 16 ,
Was pre A .. 9t 46 46
.'Mfl ..... 16. 16. (6 ..
i -. .. '. i:-, i; . fc if
was mmtwimtm. ,. w t. t -n
T,
Net
T.ow Close. chBe.
120 120 1
30 30
IS i4 15
33 33 Vi
31 33 1
08 08
H!ch.
Woolworth 120
Worthgtn P & M. 30
Wheel & L i: .... 15
do ctfs 33
Willys Overland . 32
Wilson 08
Ex dividend,
Stewart-Warner Speedometer Company 1W.
INACTIVE NEW YORK STOCKS
Following nre quotations for inactive
stocks listed on the New York Stock- I"x
chnnge and In which thcro wcro no trans
actions today. Tho prlco given Is tho last
previous close,
Adi'nnre Itlimle' 1 3T4
Am Asr Chem pf 100H
Am Ileet Sub of. 0t .
Amer Can pf M77
a ii a e. r rtts .1112
do rtfa nref ...181
Am Cot Oil pf.. 0"
Am Kxprens .... tS
Amer Hmelt pf. .113.,
do pref A . . . 01
Am Suuar pref ,ll!)Ti
Am Sumatra pf.. 05
Am Tel A Cable.. (1!)
Amer Woolen pf. IiSH
Am Zlno & I... 21V4
Am Zinc & Lead
pref 2
Amon D a Int pf 52
Atrhlson pref . . I7
Atlan Comt I.lno 110
Atl U & W 1 pf.. ll
IlaM Loco prf....l00
Halt h Ohio pt... OS
Ilarrett Co .....Kill
Ilarrett Cn pref..l00H
IIMopllan Mln.... IK
llronklll Un iaa 10S
Hrown Shoe .... 71
Hum Ilroi 100
initio & Hup .... .HI
Cal Tetro pf... 0'
Cent Loath pf...H2',4
Cent & H A 'lei. .117
Chi & Alton 1H ,
do pref 21VI
Chi ft Nwn pr..io:
Col ft South -M'i
do li"t pref.. .."
Col ft South 2d pf 40
Cluett-Penlidv pt 110
Cotnp Tab It Co 40
Con OIILi P.. 113
Con Can 09
Cunt Can pref. .112
Con Int Cal Mln. 17
Continental Ins .. BIU
I'll Ul" I n,. 07
Cuba Am Ruuar..l00,
Cuba Am Sue pt.101',4
Deere ft Co pref 11)0
Del i Hud 114
I) H S ft A pref.. (1
Del 'Lack ft W..210
Den Hlo Or .. Vj
Den ft It a pf... 17
Detroit Udlnon . .1M5
Klec Htor Uat... 5R'4
Lrlo 2d pf A'R'4
tlen OlMr Stores 3HU
Oen Motors pref.. 83
Ooodrlch II f pf. 11144
Orrat North pf.lfllH
Uulf State 8tl.. 1 -JO
do 1st pret....liu
Hartman (rp . H2
llavutia Klen . . ..101
llnmestako Mln. .101
111 Ctnt 102
Int akhc 1UU
Inter Cons Crp pf Stl1
Int Harv Corp.. 72
Int Harv Cm pf.105
Int Nickel pref... 1044
Int l'nper pf ata 00
Iowa Cent 4H
Jewel Tea 41
Jewel Tea. pref,. 101
IC C South pt... M
Keok ft D M.... 4fci
I.arlt-de Clan .... 0s
L K ft W pref... 30
Long Isl ctfa Dt d 4U
Llir ft M T 222
do prof 118
I.ooce.Wllea Ulso. 17
Mackay Co 80
do pref O.lU
Manhat Kiev ...115
-
, 03
47
80
'Jil
25
00
111
t;i
May Dept Mtorei B2',l
.May Dept Str pf llll
Manhattan Ileucli 1
Manhattan Kiev 15
May Dept Htorei .."l"i
Max Motor la pf. 00
do 2d pref.... 21U
Mex l'etrol pref. . in
Mich Cent .. .Ill)
Minn ft St L new !',
Morrln ft I'sftex . SOVi
do pref 11W
M Ht Vi.HH M.lirVi
Mo I'ac to .12
Mo Tao ctfs M'5
Mo Par c t il I p 01 'j
Mont Power pref .112'4
Morris ft Iisacx. . Ml
do pf 113
Nat Acme 3(
Nat lilacult ... IIIH',4
S'at lilt Mex 2d nf 0
V Y C ft St L. . . 2(1
do I'd pf r,u',i
M Y Dock ... li j
do pref 40
Vnrf t South . . it'-i
ion a wesi pr, w
iNorill Amer ..
Ohl das rts.,.,
Ohio huel ,
Owens Ilot
Pacllo Mall ....
I'nu Tel It Tel . . .
I'nn.Am Pet pf .
I'ero Marquette ,
do prior pr rt.
Pitts Steel pf .loo
! C C ft St L .. 74
IMtts Pnnl nf M 1nn
l'ltts West pf .'. (Ill
I'rssd Stl Car pf.ll'JVi
yjkkallvor .'..,, l'
do pf 214
UeudlnR 1st pf.. 404
nep I ft S pref.. 102
St L ft S P pf.. 8(1
St I. ft Swn .... 31W
Sloss-Sheffleld S
ft Iron pref... OS
Ro P nieo S....207
Stand Milllne ... KB
Studebaker pref,. fS'4
Stulz Motor ... 4ST4
Texas I'ac ... . 104
Tidewater Oil ..205
Tol Ht L West... 7V4
T St L ft W ctfs 10
do ctfs 14V;
Transue Williams. 41 i
Twin City It T . Ritt
Underwood 10S
tin IlaK ft Paper 11
TTn Hair ft P new S2
lln Claar W Pf..ll0
Cast Iron Pipe.. 21 H
United Dye Wood 08
do pref 114
United Druir .... 73
do 1st pref.... WlVt
United Drus 2d pf 84
United Pap lid.. 20
United lly Inv... OH
II R Express 18
U S Healty Imp. 1SVI
II S Kuh 1st pf..l0SV4
U S Smelt ft lief 80
Utah Pee 18H
Va C ft C 08
Va Car Chem pf lou
Wabash 1H4
West 1-no n R.. 17V4
do pref 47
White Motors ... 40
Wllbs-Overlnd pf V0V4
Wilson Co pf,...103S
Wis Central .... 41)1,
Woolworth ornl.. 123
Wor P ft M 30H
RAILROAD EARNINGS
CENTRAL OF OF.OnaiA
IV17. Increase.
June cross ll,24M,80t 1290,440
Net 279,047 103, 0M
Six months' cross 7.170.773 l.OSK.tiOS
Net 1.540,704 242,007
CANADIAN PACIFIC
June cross 413.550,070 tl, 004, 300
Net 3,1)16.001) 220,273
Six months' cross 71.350,770 8,34R,0S4
Net 20,007,448 1,895,713
DELAWARE, LACKAWANNA AND WESTERN
June cross S5.253.X0:! 1839,870
Net 1,(II),41S 24H.U34
Six months' cross 27.738,5119 S.b09,'J42
Net 8.2UV.008 '33 1.371)
CHICAO.O. ST. PAUL, MINNEAPOLIS
AND OMAHA
June crosa ,1.702.020 1178.375
Net 443.70 '83,855
Surplus 239.147 MS.OOO
Six months' cross 0,MUV.44n 301,203
Net 2.302.420 479,45
Surplus 057,592 878,732
CANADIAN NORTHERN
June cross (4,048,000 1671,500
Net , 1. 087.000 102.000
Twelve months' cross.. 41.244.700 7,810.700
HOI JU.IUI.IUU ,oiu,uvu
New York Bond Sales
iaOnft Amer Amr h It lflll
41800 Anxlo-Krtnrh 5 0SH
21000 Amer For Sec 5s P5H
lllxh
00
osv
DS4l
4000 Amer Hrn.lt a- Hef Ss. B2
47000 Amer Tel B 08 i
6000 Ann Arbor 4 Si
ooiii) Armour Co 4Ms UOH
flOOO Atchlsen sen 4 88h
20U0 do cv 4s 1060 00(4
loot! Atl rhnt- nB n
laouo Halt ft Ohio
10000 do 4a ...
2000 do cv 4tts
10000 tlraden Copper Oa,.,,
12000 Ilrkn Up Tr 6s 1918.
5000 Cent Leather 1st 5a..
3',000 Cent It R N J 6 ,
3000 Ches ft Ohio cv 4V4a,
5000 do 5s
6000 Chi Ot West 4
5000 Chi II A Q joint Is..
2000 do III 3Hs
HiOO do Iowa 4s ,
5000 Chi Ind ft West 4s..
loom) c M ft St P 4s 23s.
2000 do rfd 44 s
7000 do CV 6
2000 do cv 4(4 s
0000 Chl R I A P rfd 4s,
Soon col ft South 4'4e ...
1000 City of Paris 0s ..
fuu" uon uas cv (is.
r.OOII llel h 1 fiwl rv T.m
-'x ' :- . - - ";.' -.,
mo ur rru as o
H4
HS
87
00
7H
110
'".,
looji
054
80(4
SOU
08
72
SK.,
l'7U
vk
79.
3
110
118
0
07'.
S?.
'Sis
Sales in Philadelphia
25
25
84
17
IJ
n-i'
1)3 V
Kan City Ter 1st Is.. 82S
ncka Stoel 8L 1023.. H8i
I.eh Val of N Y 4'4n. 05'.
Kl
80,4
11.,
03
02
!
05ft
?nnn i.n A
21000 DIs Sccur Corp 6s... 71H
40HD0 Trench Itepub 3V4s... 1)8
2000 den Elec deb 5s 102
4000 Hock Val 41js 82.,
7000 111 Steel deb 44s.,.. 8(l'i
iCiHio Indiana steel r,s . .nil
8000 interb Met 44s...
4000 Interb It T ref 5s.
SOihi Inter Mer Mar lis.
I'OOII
4000
1000
1000 Lis ft M T 6 1)8
4000 Lorlllard 5s 100 100 100
1118500 Liberty llond w I 3li
09 40J10 00 30-60 09 40-50
4non.Mlnn ft St I. 4s ,. 48 48 48
2000 M St P H H M 4a ... 88J4 88 88
1000 M K ft T 1st 4s 08H 8V4 A?,1
20011 Met W Hide of Chl 5s ll.l 01 93
18000 Mo I ao w I 5s 11)20. 02 02 02
321)0(1 do w I 4s . ... B!l4 60 fi
HOOD MontHna Power 6s .. OVi 03 OS
1000 Nashville Il-Shef ns. nu i)
Kino Nat Tube 6s loo'i lno'i
2(1000 N Y C ft II OS 103i
2001) N Y City 4Vis 10(15
2000 N Y N II ft H Os. .
10000 N Y o ft W 1st 4a.
5000 N Y llwy ref 4s . .
40OO do 5s
20(1(1 N Y Hints 4s 1000..
2000 Nor Pao 4s .... ..
' soon Penna een ct 41H..
100(1 Poco COll 5s 1)2(4
6000 Readme aen 4i imi
1II0O Itepub Cuba 5s 1901.. DH'i
100(1 Urn IAS
r.nim t r. r t A M is RO
2000 do gen 6s D7'i
13000 St L ft S V ajt M
lllllll do In 48S
14000 do Ser A 01U
2O00 do Ser II 80
(,000 Seaboard A L adj 5.1. 00
8000 South Hell 5s DO
1000 South Pac cv 4s 81
21000 do cv 5s D8'4
1000 South Pac Term 5s. 0Vi
2000 Third Ao new 4s.... 0Si
,H(M) u m Runner os n.in ..
iinr.ll II M Steel f 6a KH'i, 104
28000 Union Pac 1st 4s.... 91i 01J4
0M0O U Ii of O II ft 1 OS.,, H7f
LOUISVILLE AND NABHVILLE
rf Wk Jul., JjtMlMO
a jvu yniiucif -
ANN AR1JOR
Third week July . ?2,03g
From January 1.
Decrease.
1,035,555
1300.490
6,003,220
411.800
120.334
DIVIDENDS DECLARED
Jefferson and Clearlleld Coal and Iron Com
pany, regular semiannual ot 12.50 on pre
ferred, payable Auuit 15 to stock ot record
Aucust 0,
Standard Sanitary Manufacturlnc Company,
recular quarterly of IK per cent on preferred
and 1V4 per cent on common, payable Aucust 10
to holders of record Aucust 2.
Cleveland and rittaburch Railway Company,
T per cent on preferred, payable Aucust 20 to
holders of record Aucust 4. This covers accumu.
lated dividends for year ended Beptember 15,
1910.
Detroit and Cleveland Navlcatlon Company,
recular quarterly of 12 a share, payable Au-
'"iloston Elevated Railway Company, 11.60 a
share, payable Aucust 15 to stock of record
Aucust 2.
American Brass Extra Dividend
NEW YORK. July 30. The American
Brass Company has declared an extra divi
dend of 11 per cent in addition to the reg
ular quarterly dividend of 1V4 per cent,
payable August IS to stock of record July
31. Three months ago IH per cent regular
and 14 per cent extra were declared.
102
IKI
0714
63
23J4
1)0
8.V4
II4S
III!
07 Vl
63
nift
85 4
HI',
021,4
00
(Hilt
lOOMi lOOVa
Ml
IIT'l
0(1
48V4
III
80
SH
09
MU
08
07 ,
n.'
tini'i
irnV4 ITUtt
11)2
3000O do Mil 1018 00$
inooo do Slia loin no',i
40()(i() do r,'js lino new.
48000 do ,V.s 11)21 . ...
.11(00 Un llya of St I. 5s. ..
3000 West Shore 4s
1000 Wlscon Cent Ken 4s. .
0I)'4
OS.
ou
82'4
83U
07
0S
lin'4
on'i
05'4
oo
82t4
63'i
GOVERNMENT UONDS
to:
on
07V4
53
$
8SH
04'i
V2n
0(1
DOW
lliOVl
80
07U
00
4 8 i
01
80
60 V4
90
8IU
08
07
m
85
104
oiK
07S
DOS
WA
on.
DSW
00
82H
83 ',i
Hid
2s registered 1030 00V4
2s coupon 1030 OOVi
3s rexlstered 1018 00
3s coupon 1018 . 00
4s reglntereil 1925 10l'4
4s i-jupoil 11)25 1044
3s rrRlstrred 1010 84
.'Is coupon 19411 83
Panama 2s reRlstered 10.10 00
Panama 2s n (Metered 1038 on
Panama 3s realstercd 1001 80
Panama 3s coupon 83
MONEY-LENDING RATES
NEW YORK Money on call opened lend
ing nnd renewing: at 2H per cent, later 2 por
cent.
As has licen the caso for a lone; tlmo past,
tho Rreatcr part of tho Stock Kxchange
Icndlnps hns been on Industrial collateral.
Some business has been done on this class
at 5 per cent for periods under five months,
at C ii per cent for six months. On Rood
mixed collateral money has been loaned for
ninety clays at I'.i per cent.
Hank acceptances wcro fairly active at
unchanged quotations.
rilir.Anr.LrillA Call, 6 per cent ; tlmo.
S5?i per cent. Commercial paper, threo
to four months, 6 US' BIS per cent; six
months, 5051 per cent.
LONDON Money, 4 per cent, unchanged.
Discount rate for short bills, 4?i per cent
and for threo months' bills, 4 13-16 per
cent, both unchanged.
BANK CLEARINGS
nank clearings today, compared with cor
responding day last two years:
Philadelphia. .147.748,160 $20,1SI?258 122 084S7r.4
I'oston 31.397.250 10.047 704 lSaOs'lsS
New York. .,393,3.14.187 279.791,003 228 SI 7 784
naltlmoro. 0,205.843 0.2G5.IOS 604t'.4M
Chicago .... 80,900.447 8B.niD.2nft r.j'oi '..A
27.714,400 17.030.205 lsioW'.llS
St. Louis
High.
25 Am Stores 7V4
Am Gas . . .
40 Dald Loco 74
75 D ft S pf.. 40H
Elec Stor . .
200 Distill Sec. '2H
30 Ins Co N'A 25
50 Kent Sec pf 84
620 Lk Sup Cp 17 Vi
25 Loh N'av.. 77
L- V Tran ..
Mlnehlll ....
120 Penna R It 53
02 rhlla Klcc. 20
HI P It T t C 31 Y
3 I'hlla Trao 77
10.1 Ton Uel .. 4
60 Ton Mln,. Oft
200 Union Trnc 44
llUOl ... 78
4805 If S Steel. 124H 122 124 1
.70 West Klcc. 48 48 48
3 W J & S S 40M. 40M, 40
tQuotatlon given Is Saturday's close.
Net
Low. Close, chse.
87 87 H Y
.. 4103
74 74 T4
49 i0 .. .
too
28
25 1
84
17
77 , ..
t27 ..
4:55 . .
53 y.
20 -
31
77
4
Oft Ti
44
78
33
20
31
77
4
Oft
44
78
IIONDH
High. Low,
Close.
Net
chce.
01
01
01 04
100 100 ..
100 100 ..
04 04 ..
04 04
82000 Am Gas &
Klco 5s,. 01
1000 City 3s
1932s .. 04
400 4s 19178.100
6000 1967s ...100
1000 3 ',4 a 1934s 04
6000 I.eh Vol gn
4s ... 04
22000 Lib Bonds
wl 00 45.50 00 40-50 00 41-50 ..
1000 Phil Co ens-
Bs 00 00 00
ioooo rhiia nice
1st 5s.. 100 100 100
1000 Heading
2d 6s... 107 107 107
1000 Stand Uas
&E6s..09 00 00 1
INACTIVE PHILA. STOCKS
Following are quotations for Inactive
stock listed on the Philadelphia Stock Ex
change nnd In which there were no trans
actions today. Tho price given Is the last
previous close:
Allla In 20 do pt
Am stores pr .. imi i.en vni
Am (las war .... 1V4 N Penna
Am Mill 0 Phlla Co
Am Ilwjs Jf .... 00 do pf ........
Ilrlll J (J 29W do cum pf ...
Hun & Susq t c. 5(1 Ta Salt Mfg ...
Cambria Iron .. 45 Ponn Traffic ...
Cambria Steel ,.100M P R T ,,
Catawlssa 1st pf 62 Un (os N J ...
Con Trao N J .. 73 Reading-
Gen Asphalt .... 20 Warwick
do pf 01 V 'Westmore Coal,
Keystone Tel ... 1 1 4 York Rwya
do pt OO'.i
Pf.
K.I
oo1;
3814
, 35
, 39U
5..
'. 20V41
,210
94
, OH
, 70
, 87
LOCAL MINING STOCKS
TONOPAII STOCKS
Bid
MarNamaro, 14
Midway 10
Mlzpah Extension 12
Montana 20
Northern Star 10
Rescue Hula 20
CIOLDl'IELD STOCKS
Atlanta 00
Illua null 02
Ilooth 00
DlamondOeld I) II 02
Daisy 02
Oro 01
Sandstorm Kendall 02
Sllcr Pick 10
MISCELLANEOUS
Arizona United 30
Nevnda Monder 2 ',4
Tecopa Mining 23
Asked
.10
.12
.13
.21
.12
.21
.11
.03
.OS
.03
.05
.02
,03
.11
.34
2 V.
.30
LOCAL SURPLUS SMALLER
Philadelphia Bank Statement Shows
General Losses
The Philadelphia bank statement this
week shows declines in all items, -with the
exception of tlmo deposits, they showing; a
gain of $91,000, as compared with tho
previous week. The biggest falling off was
in surplus and cash in vaults.
Details follow:
July 30. '17 July 23, '17
.534, 507,000 1550.052,000
Decrease
2,385,000
18.810,000 10,275.000 420.000
Loans . . .
Exchanges.
Ocarina II.
Due from
banks 117,000,000
Hank dep'ta 101,547,000
IndUldual
deposits .. 457.200.000
Tlmo dep'ts. 3,519,000
Reservo with
depositaries 55,090,000
Cash In vaults 20,110,000
Res. roqulred 65,000,000
Excess of res.
and cash In
vauls 27,040,000 29,035,000 2,680,000
Increase.
In addition to tho deposits above, thero were
this week 420,084,000 Government deposits,
against which no reserve Is required.
110,750.000
105,528,000
450.471.000
3,428,000
57,707,000
27,024,000
65,150,000
2.147,000
081,000
2,211,000
01,000
1,777.000
008.000
00,000
TRADING SMALL 1JN rmJUAumiirm a;
PRICE CHANGES AKfl JVIUSTL, Y SMAL!
Rapid Transit Trust Certificates Most Active of Homi
Issues, Advancing a unuc-viuo .0 w,
List More Securities Here
Light trading took place on the Phlla
delphla Stock Exchange today. In fact,
the total turnover was the smallest for a
full session of any day of the month.
When the market opened at 10 o'clock there
was no accumulation of orders, and the
orders which were filled during the session
were given mostly by tho professional ele
ment. P.y the last hour only fifteen different
stocks and eight bonds had appeared on
tho tape. Tho small trading here was
simply a reflection of the light business
done In Wall street. Here, as In New
York, traders seemed to be waiting for
Washington to take action on Important
measures for carrying on the war before
assuming any definite position on the
market.
While those Interested In transit nffalrs
continued of the opinion today that the
proposed plan between the city and tho
company was reacTitng a point where an
announcement could bo expected In the
near future, there was very little trading
In Itapld Transit certificates. They were,
however, the most active on the home list
nnd gained a fraction. United States Steel
common was tho most active, and after sell
ing down advanced to above the close of
Saturday. The changes through the whoui
Hot TOorn mostlv fractional. "hoisj
Additional listing on the Phlladelnhla
follows: $80,000,000 American Telenhonln
unu Ac, .&.! w-'.,.,u uciiuiiive tnirlv. ;
due 1046, In lieu of the temnorarv l.i.
stricken from the list; $41,400 additions? ,1
U.ilJim. mwn ui i..o .iiucwt.nu ACiepnOnt and 11
Telegraph Company, Issued In exchange for II
Iil,ouv coiivcriiuio 17a per cent bonds "of
tho company: $107,750 additional Phii-i A
nhla Rapid Transit Company extended v. W.
Ing trust certificates, Issued by the Fidelity ''"I
Trust Company, agent for voting trustees' 1
$5000 additional union Traction Company
of Indiana, general mortgage 5 per cent '
gold bonds, due 1919, Issued In lieu ot '
$5000 face value of bonds of the Clllr.n.. '
Street Hallway Company of Muncle. Indi. '.3
nna. canceled through oneratlnn nf n.. m
sinking fund. Ji
U
Books Open for Canada's New Loan M
NEW YOHK, July 30. Subscription
books to the new $100,000,000 Dominion of it
Canada two-year 6 per cent notes win b'
opened today nt the ofTlces of J. P. Moriu'
& Co. The books, It is believed, will b
closed Thursday.
The Frugality
of the French
In France the saving qualities of
the people is one of the reasons why
National loans meet with such in
stant response.
In the United States some four
millions of subscribers to the Liberty
Loan have opened up a new era of
thrift.
In France, systematic saving has
been a national habit for over a gen
eration. '
We, as a nation, are just acquiring
it. Saving helps the nation as well
as the individual. Open an interest
bearing saving account in our Sav
ings Department and be prepared
for any contingency.
Corn Exchange
National Bank
Philadelphia
Chestnut at Second
Fjinanciql Briefs
Tho New York. (Sub treasury' gained
$2,980,000 from the banks on Saturday,
making & cash net gain since .Friday of
$4,108,000,
.A Chicago Board of Trad membership
MM Ut Mm;m.tOAt41'lNijre4',iwhng4,
.!, IVTIa. -F 'r,A"Ii i. . :
$100,000,000
Government of the Dominion of Canada
TWO-YEAR 5 GOLD NOTES
DuerAugust 1,1919
Dated 'August 1, 1917 ,
Interest payable February 1 and August 1
Both principal and interest payable in United States gold coin in New York City.titthe Agency of the
Bank of Montreal
Coupon notes in denomination of $1,000
The obligations represented by the above notes and all payments in discharge thereof are to be exempt
from all present and future taxes imposed by the Government of the Dominion of Canada,
including any Canadian income tax.
This offering is made subject to the completion of necessary. formalities
and to the approval of -counsel
WE OFFER THE ABOVE NOTES FOR SUBSCRIPTION AT 98 AND INTEREST, )
YIELDING ABOUT, 6.07o0. J ,!
SUBSCRIPTION BOOKS WILL BE OPENED 'AT THE OFFICE OF J. P. MORGAN & CO 'AT in
O'CLOCK A. M., MONDAY. JULY 30, 1917, AND WILL BE CLOSED AT 1Q O'CLOCK
A. M., THURSDAY, AUGUST 2, 1917, OR EARLIER, IN THE DISCRETION
" OF THE UNDERSIGNED.
THE RIGHT IS RESERVED TO REJECT ANY AND ALL APPLICATIONS 'AND ALSO INANY.CA1F rn
AWARD A SMALLER AMOUNT THAN APPLIED FOR. WY-CASE, TO.
AMOUNTS DUE ON ALLOTMENTS WILL BE PAYABLE AT THE OFFICE OF J P MMtrJK nn rv
NEW YORK FUNDS, TO THEIR ORDER. AND THE DATE OF PAYMENT mf C"
GIVEN IN THE NOTICES OF ALLOTMENT.
Temporary certificates will be delivered pending the engraving of the 'definitive notes.
I
BROWN BROTHERS & CO.
FIRST NATIONAlpBANK
New York City
J. P. MORGAN & qo. .
BANK OF MONTREAL
GUARANTY TRUST COMPANY OF N.Y. " ,
WM. A. READ & CO.
July 30, 1917.
HARRIS, FORBES & CO.
NATIONAL CITY COMPANY
New York City
BANKERS TRUST COMPANY,
New York City
i
fcJ
w
ft
,?. . UJkvt-
f rt -t
ih-fe- ' $'&'& y.
tv -,.
,,
.rtti
-
-. ,
ft
mat&'i
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