fF-:T Wl
r'.rt'SSWS
FPJ "fl
m
EVENING PUBLIC LEDGES PHILADELPHIA, WEDNESDAY, JUNE ' 12,
'3S
X '
1918
" WLwnmi't.it.'-
.rMHMR. Jti3$?&ak
'JiTT A'; W
?
1.
K
' i" -OV.n.
.Ul
flN LOCOMOTIVE
-Wfcy was $15,800,000
j written off surplus ac-
caynl?
fr"-Ar there any concealed
What are equities for the
;,', common stock 7
: p. 4 . .l i
Any iruin in rumoren
v consolidation with Mid
Tale?
' , -usoa foundations tor
.vj.r J.1J.J
sj Earning power. Ratio o( work-
s- W capital 10 gross sales, nei
$x worming capital. Analysis 01
ffii Income account.
m crv uicr crncifisnve ann(iBis ivsi rout
W - sllrrf oitmrrr nil nf thp above
h with apparent lootcnt co tcbitnw,
H t ..rf I Kmnlitrffl lit nt itfnt1.
2?i tctln nil for oi nheiMr hiatorical
LWimrf urnlistlVnl Irtominflon. your
'i ai fi n.fc-trt, f?lln ffif nii rte-
I .'imritllmi Dl.-li,
ISaiMDT&DmiY
.Mmhr Ton. StnfkBT. nf V. T.
JVMS OF 77f FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES?
Philadelphia Stocks
K
M Wid.n.r BMf., Ptilad-lplii. Ps.
rfea.1 HclMlal. 40801 Iter.. Rsre 4080
Sw. N. V. omr.-jn llrnad St.
Prf TT(-rs
i j
w - - I
MaVkaasasaawtBsssBBBBsaanPJaassMBfa
Lf
rj.i
,
T
key
l"S&
FM
tV?
rfaao,
c rwr i
-. w..
' vh:
BJraP
w;
'XQK
V
fa?
IAJ
&&
Baltimore & Ohio Railroad
V& EquipTienl
Trust Certificates
Due serially April 1. 1921-27
!muk1 under th Philadelphia Plan
SECUnED by standard equip
ment costing tcnt-fl? pr
rent, in excess of the i iu
The Company h paid dividend
on it preferred and common
itorks contiguously for IS jean.
Price to yield 6
Send for Clrculai PE-lbS
TheNationalCity
Company
Correspondent Offices in u Ctttrs
PkiUdelpVia tiZl Ckettact St.
Telephone 555 Locuit
Ifondi-Sthort 7ermbote-Arcrptaneea
CHEERFUL WAR NEWS AND EASIER
MONEY BRINGS HIGHER PRICES
FOR STOCKS IN NEW YORK MARKET
.Marine Preferred, United States Stteel Common, Bald
win and Tobacco Issuer All Make Good Gains.
Railroads Are Also in Demand
New Yoik, June 12
The cheerful nei from Finnre this morninR nnd the easier tone
which le eloped In the raonty market estlrd! enured strength In the
stock market nt the beglnnliiR of buslneii and during the lit st quarter
hour there ueie general advances ranging from aiound 1 to more than
2 points
Marine prefeired was in persistent demand, advancing 1 point to 1034,
and the steel Industrials weie lgotoush bought, United States Stetl mak
ing a gain of ss to 98"S nnd Baldwin rising to S"b
The Tobacco stocks were the stiongest features American Sumatra
advanced '-'Vi to 145a4 nnd United Cigar Stores rose J'i to 'J"2 Tobacco
Products followed with a gain of 1 Vj to Gl
The inllroad stocks were also In demand with Heading advancing
to SS34 and Union Pacific ndvnncing 4 to 12H4 There wis continued
accumulation of Pittsburgh and West iiginla which made a further gain
of 1 point to 3538
A'cw York Stock Sales
Lant
tlos
. Vi
Z2i
67)
. CS
. -M'i
SI) i
62
:m
31H
4H
71
io;,-
WJ
s,
75
10 j
W,
141'j
102
D'l'j
lrti
fi04
l"ih
81
10
Hteh
32' i
Ki
I ow
'32'i
'(V
44
11 n
415)
81
145J,
Go',
lll'i
0.!'!
Mi
r.p,
87 i
11
8)
141'
'f
("0" i
Hi j
bl'l
81'j
or
87
LOWER CABLES HALT
DEMAND FOR COTTON
(.Earh Tunc Eas, With Drop
of 19 to 28 Points Oc- I
tohcr Rallies Later
. f'i
x
..i.
mi
Barnett Oil&Gas
, koconT SOT.D QUOTED
F-
c4Ke
Morton It. Alexander
v ehila. Stock Exchange Bldf.
- ri William SI . N. Y. Cltr
5,i
"v
NEVADA RAND
Hrh silver -cold
Assure eln ar
ins In width up
in Ift ft hlixh
luea A wonderful onnortunlty to
nproflt In thp predicted Silver Hoom
ve.nfrineerB report ana prit on request.
WILLIAM T. McCALL & CO.
LAM) TITI.K IIUILDIG
W
w
L.n ... .... -.-
tjr 'vwAii ilu oy oiock r.Acnange
ym House, experienced man oi
t roTed ability to take charge of
Wiloarfl room, correspondence
'-(all natinlnPo
K F 48. Ledcer Central.
COTTIIN III l,T V i:Tlir.It COMI1TKIV
Nf iirk. lune 15 Thr fnllonltiE
triniieruttirrs err rrrorclfd in Ihp cotton
bfil till nmrniiiE:
hilinr. ( li ittummcl, Knnwlllp, Thnni
il,illi mill - niiiimlli. ;ili 1 1 J nt .1 mill
rmnin, ?Jt UMuliuiuii. MtkhurK. Nrw
llrlrmi- Ufrlillan. Vusiisla VV llinliiKtini
anil IihU-iiiiIIIc ;4t shrnninrl, "-un li-
tnniu, I urims Chrl-ll. I II tic Kink umi
I'rniiroU, B: Uullr-ami. 1 ort smith.
V1piiiiIi) mill NiinlnlMe, H.
rhcro ii .H Incli uf iireilliltatlon ill
1 impj umi ,(0 al Nr Orlrnns.
ni ark, .June 12
I.owtr Liverpool cablet, and escellent
cdp weather In the South checked the
demand for cotton at the opening anil as
a ribult there was onl a moderate sup
pl The eatlv tone was eas with prices
1U to J3 points net lower
Trade Intel ests Wall street and some
commission houses offered the various
options but it was noted that tiansac
tlons could onl lie tecorded after prices
j had slid off materials
There was a modcinte demand at the
I low levels from one or two spot tirms
land uptown interests, while Liverpool
purchased a small lot 01 januarj ncr
the call, commission houses with bujing
orders came into the market and October
rallied 7 points In the first few minutes
while January, which was the weakest
at the start, rose S points
Receipts at the polls for the daj are
estimated at 1U,000 bales, against 7.!'i-'
bales a week ago 8344 bales a ear ago
and CS21 bales two jcars ago
nn .
-Sri
'$8
5rfi
:.';
mM
?l -3K
UIKI TTORV or rcavsT
LAWrtKNCB E HROVVN' CG
15 I1EAI. ESTATE THUST I1I.DO
E8T10ATE i. ADJUST PAUTNEUSHtP
KATIOX t UISfL'TBD ACCOUNTS
I3RRENNIAL CLOVERS
,tf?is.
l GOOD HONEY PLANTS
Cotton Bu)ers anil Sellers
New lorU, June 12 Julv Young,
Montgomers, Newman and Bartlett bid,
Brooks, Wilson, Uliford, Itusscll and
Hartcorn offeied
October itlordan, Newman. Glfford,
Hu'sell and ''othran bid , Geer. Mitchell,
Hartcorn, rrederickson and Brooks of
fered December Newman, Slgel and Wlerk
bid , Ilusell, Hartcorn and Geer offered
Januarj Wenman, hellar, Slgel and
Monier bid. Munds and Hartcorn of
fered March Parrott bid
CORN HAS WEAK START
ON RUSH OF SELLING
Left Over Buying; Orders
From Yesterday Help De-
a clop Firmness Later
(.ki iihi.T i:Tiint nmirsT
C lilriiffn. lime tj. IlllnnU I iilr to
night mill IhurMltiv inolrr lonlclit.
Vllsojirl 1 nir tnnUliI tintl lhtirilu.
VVNrmln I nlr tnnlcht anil liriitmiiiv
TIhiimIiV! inolpr tiniikht
Mlnnesot 1 lutr toilclil' viirmer rli
ThtirMlit priitiiilih utise 11 Iril. tnolrr wet
iinil south
lowu I ulr tnnleht. wnnnpr ncirttiwf't
Thitrsfln part rlouih mill uinltr.
North Diikotit I irt c touch tonleht anil
1 1mrsilii t wtirnier MintheitM anil cooler
loiilitht unci Thm-Mlm.
south llnkotil Pirt rlnnb tonlRht and
lhuri.clnt cooler TliurMl it .
Nelimfku' 1 iilr tonleht 11 ml ThnrMliiv :
warmer Miulh tonliihtl cooler Thiirdnt.
Kuitmih lar tonlElit mill ThnrilliU .
wnriner Noiithej.t mid cooler north and
wet lonlnht.
( hliHEn, June 12
There were a groat manv buving or
cb rs for corn left ovet fiom Tuesdaj
and the market developed flimness this
morning after It had stirted weak on a
rush of srlling bv commission houses
The Initial sharp losses were clue to n
decided change to cooler weather In the
upper Missouri Vallev and In tlie far
northwest, It being believed thit the ex
cessive heat th-it prevailed In the West
vesterdaj- would soon be ended
Maximum temperatures of 100 de
grees were recorded In the m'ddle nlains
j Mates vesterdaj nd high records for
June were broken In some sections
the Pacific coast.
The receipts here todaj were 310 cars
Julv started $1 42f, $1 bi, against
$1 42ia at the end jesterdaj. and later
advanced to II 43 Auimaf .,i ...
$1 42, compared with $1 43r . .h.
10J
IV.
124';
21
Ill's
sj'
105
IV
121
21
10'
UV fio'i bo'
of
GOVERNMENT BONDS
j
"f7
VAi8iKe ana wnite uutcn va
i'l.Q't rieties Serve Double
KW
W!&
",
Purpose
l Kli
tkt&
ffl V1S P wAi l.v., k. .lu 9 tka ... n
r IShl ntiuvt 111c laiuc ui nir iwu
'jyrennlal clovers, alsike and White
spmn ciucer, lur nay uiiu pasiurage.
"" Mlt It Is not always remembered that
'pJaVlargre bonus may be obtained from
LM . .-- M - , n,
in tae lorm 01 noney. iney pro-
2 reerlntered t'ltO
19 coupon Ui3n
Is registered 101S
3s coupon 1'ilB
4s reelstered tf21
4s coupon 1U2T
3 registered 1114 II
Is coupon 1H4H
Panama as, registered
Panama 1 registered
Pinama an registered
Panama 3s coupon
11)311
Hits
l'lill
lis
IT
li'l
mm
10-.
Ul1
Kl
si
. UT
. H7
s",
. KS
(IS'
100
107
107
: sos-
-"ii
v
&mw
pH
r HtM
?S-X
l
more honey than all other plants
Jy .together, nnd this honey Is of the
"feihest quality.
"'s&The cultivation of clover on suitable
! lands' as a combined farm and honey
i'S?op Is recommended as follows
Growing Alsike With Timothy for
y, AlslKe Is Better ror tnis purpose
an red clover because the latter Is of
tlcally no value for honey production
L ia'beelnninB to spoil by the time the
Ice and timothj are ready to cut
ike will grow on certain types of
Hi; for Instance, Hi-drained land, bet-
tthan red clover
Growing Alsike for Seed An
undance of honey bees increases the
i(d of seed per acre, and leaving the
let to produce seed lengthens the hon-
cftow.
tv Sowing wnite uiovcr in urass
itures Intended for Pasture On
arable lands tne wnite clover win
tp spreading, improving tne pasture
w, for cattle ana oees e. razing, 11
""too close, will not seriously curtail
ey production, and it lengthens the
ey flow.
Re noney now- ironi ciover ibsis
to five weeks, beginning mla-june
l( mid-July. Good management of
' bees, to DUiia mem up strong in
R'for the honey flow and keep them
warming, is necessary There
better food for bees in winter than
yr honey.
BANK CLEARINGS
Dank clearings todiy compared with cor
responding ear last two ears
mis liiiT run
Boston I'll 7K4 HO 143 111.' Tsfl $37 JCJ 17S
Refined Sugars Unchanged
ew lork. June 12 The refined sugar
market continues unchanged with all
local refiners quoting on the basis of
7 45c for fine granulated The Federal
company continues withdrawn The
Warner company is accepting a limited
amount of business cuoan raws are
unchanged at 6 005e, duty paid
end jesterdav and moved nn r, i in
Oats also rallied after having been
easier In the early dealings, when
there was selling by commission houses
and local interests The nfwin-.. . ...
absorbed bv resting orders Th ,.tt, I Mldvale bteel
situation was firm nnd offerings from Mo Kan i Tex
coumij- were ngiu The rer-int.
Alaska Juneau
Allls-rinlmers M
Am gricul Chem
Am Heet Sugar ..
Am C an
m Oar & Kdv..
Amer Coal
Am Cotton Oil
Am International
Am Ico . . ,
Am Ice pref
Am Hide & Lea
Am Hide Lea pf
Am Locomotive ..
Am J.lnseed
Am Linseed prtf
Am Malting
Am .Smelt & Hef
Am Sm & lief pf
Am Sm Pec pf A
Am Suimtra Tob
Am .sum Tob pf
Am Steel 1 dries
Am Tel K. Tel
Am Tobacco
Am Woolen
Am Zinc I, i S
I Anaconda toppet
I Atch Top & S K
I At Ulrm . Atl
Atliin Guir i W I 107
Atl G . W I pf I.J
'Baldwin Loco . sir,
Baltimore .v. Ohio 51' 1
I Barrett Co prcf HXI
3.Uopll is Mining 1
I Beth SUil M'j
'Beth S Clnss B sl'j
Beth S 8 p c pf 101",
1 Brook Bap Tian II 'j
Booth Usherles 22 j
Biunswick 1 1 1 14".
Burns Bi others 121
Butte Cop K. Zinc 'J'j
Butte & Supeiior Jl'i
Cal 1'tttoleum l'J
:al Packing III",
1 ent Leather Co d"
Ctitntd Prod .17
I Chandler Motor t' ...
Chesa & Oiilo . 501 ...
1 -hi Mil & St Ban. t ...
C Mil fat 1' pf 74' ...
It I (V. Pac jj, .
1- II I &. V 7pc pf 71 ...
Z 11 I & P lipe pf Jen, ...
Clev C 1' i st 1, jji,
I Chile Copiifr i,,i. li'i
Chlno Coppci 7 JS
Colo Fuel . iron . 17'. ..
' Colum G is S. 1 lee J'" ,)2t,
"orn I'tod lief... 41 " 41'j
,1'ruelble Steel op, til'f
'Cuba Cane Sugar ,J0 ...
I t'ubi Cane Sug pf SI S(l"t
il'lstillers faecuiit. ;,, ."isi ,
i:ik Horn Coal ij 7i
'fie . . 1.V, .o"
1 rle 1st pief . ,)ji2
1 Uastnn ins. & W ij', 32'8
General Clgni 4, ..
jtieniril Llectrlc 112 44' j
Geneial Motors 127 127'j
Gen Motors pief $2'j .
Goodrich B K ." 44 41'
I Goodilch prcf 0,0.7
Granb Cons . . 7,"i
Great North pref. M.1
Gt North Ore ctfs .j',
Greene-Can Cop,. 40'
Inter g pref . . oSi,
lnpliation Cop .. 40' ?
Interhoro Cons .. 7' . .
Jntei (ons pref . 30!, ...
Inter Mer Marine, ys'j 2'l'
lilt Mei Mi pref. 102' 1 Hll
Inter Nickel .. . 27 27'
Inter Paper . . . .jfi
Int Pap pf stpd ,i7 ...
Kan Citv faouth
Kell bprlng 'lire.
Kenneeott Cop . .
Lackawanna Steel.
Lehigh Valley ...
Lee Rubber iT,.
Macka Cos
Max -Mot 1st pf .
Mcx Petroleum
New York Bonds
r.-
4V
M1
41i
81
7o!i 7"' 1
145".
'bo
10 1
Sl'j
Id',
s7 j
S-2'.
m
li j
12l'j
21
l'l'j
11 10
High I,ow n m
11000 Anglo-Krch Es !l 91 !'"7
2000 Amer S e 11 5s 874 87'a 872
5000 Bait & O 3'ss 86 8fi3 86H
100U0 Bordeaux 6s 80t 89' 80'
1O0O C B cv. Q Jt 4s '14 04 04
SOOOCy of Paris 6s 83 82'4 82
6000 G Llec deb Es 07i 07'i 07
1000 Ind Steel 6s 01 OlTn it',
1000 Inter .Met I'sr K2 52 E2
1000 Int M Mar 6s 9'1'i 09V 9'a
801100 Mb llouils 3HUU.t "-"'l I'O.II
700(10 do 4m 1)1.711 114. H D4.0I
J.MIllin do His Ofl.Kt IIA 80 on SI
19000 Ljona OR .. 891 811' 8'Ht
13000 Jlarsls s 80 ' S9U 80 '
1000 Mont Power 5s 60 89 89
2000 N y C AL H 6s 95 94 95
20no Pa gtn ct I'Sh 87"s 87-, 87es
lOOOfetL v. SF hei A 59 B9 59
1000 So Pac cv 4s "'I' 70 7'l'
2000 lT S Steel SP 5s 97 8 '.t7 97 H
3000 V K of G B & 1
5as l'H'i 973 073, 07J,
2000 do 5 V48 new ID 99A '' ti f"
Hlah
n Kev TCo 8
lol.eh Nav im
siPenn II It 41Th
I Phlla Llec HVi
lion P II T l c SV4
31 1'n Trac 38 V4
noir G I . nn
low
8
IT?'',
43T4
44
2".
S8V4
06
IIMMIi
High Low
S300 Lib Bonds
3jS 00.02 D0.02
10000 do is 01.74 04 on
SUIIO do 4S 1)8.81 110 80
3000 Phlla Elec
1st 6s 04W 04M,
11
A VI
8
niV
4lt
24(4
2ft
38V4
on
11 -.o
A M
Net
Ch'
Vt
u
H
.
Net
chge,
4- .3f
no a?
04.00 4- .30
08 80 .0
94V4
PHILADELPHIA INACTIVE STOCKS
Following are quotations for In
active stockn listed In the Philadelphia
Stock Hxchange and In vvhk:h there
were no transactions todav. The price
given Is the last previous ciosb;
A G War ... Vi I.eh Vnl Tr.
Alliance Ins.. 19 Leh Vnl Tr
New York Curb
j Aetna certificates
v ne roiei
c'osdn A Co
Curtlss
I ehtgh Valle Cool sales
Mai.ni C01 prr
Vlother l.orie new
Viother Lode old . ...
ttav Hercules ..
Ilurplan ."i s
! lIUFSlllll cl'is ....
. Seneca Copp r . . .
st Joseph Load . .
subrn irlne
I 1 nllcl Vlulnrx
I hltcd v ei 10 r.xic nsion
1 V rluht Martin
1 V rig
ght-.VIartln inferred
1"V
It's
Vt
7s
W
1".
3
4'.
3 V
.III
!H'
It's
111
-'Is
ISC,
111',
I Ask
H'l
1.-7
3'l
-i
.11
1
in
4n
3S
10
IJ
l"i'.
I
Amer Gas
Amer Mill . . .
Amer Hy pf
Amer Stores.
Amer Strs pf .
Brill J G
Brill J G pf..
Buff & H pf . .
Buff & S t c
Cam Iron
Jataws 1st pt 52
Cataws 2d pf 54
con irac .N
Ht S. u r
lit & B T pf
Ins Co of N A
I Lake Sup C
73 Little Schuyl.
10V4 MInchlll
23 No Pcnna . .
29 V R T
92 Pa Salt
25 Penn Tralhc.
70 Phlla Co
4 8 Ph Co cum pf 3 J
63 Phlla Tract ts
40 Kw)s Co Gen 2
I'n Cos N J 187'
V S Steel pf.110
J 66H Warwick lr.. 8
in v csi coal .. c o
20
26V4
48
50
86
23 Vi
85
2tt
2H
17 Wm Cramp .. "S's
26 "Vork Ilwy .. 9 4
1S York Hy pref 31
1
T A Tirrv mr, T T m n m-r-g-,T . m-n SV I
xxajtiu TliAINOl'l LiJlirtllrlLAlJliS -'j
BECOME ACTIVE ON NEW TAX MOVE
AND THEIR PRICE DECLINES TO 25
Philadelphia Markets
l.Vi
37'
ll's
Gl
-r.'i
l.V.
32'
43
120' ,
MONEY-LENDING R VTES
I'llll.Alilll.rill V Call, fi per cent,
time, 5'2fib pel cent Commercial pa
per, three to six months, 5 06 per cent,
six mftnths, 6 pel cent
Reserve Ranks' Din omit Rales
Olllclal Jlscmnt rate" at the twelve
Federal Reserve 15 inks were as follows
(The first column gives the tates for
ill periods up to and including the fifteen-day
m iturlty, the second for a
period of sixteen to nlnetv davs The
thlid nnd fourth columns; give the rates
foi rediscounts of collateral loan-c e-
cured li Government '"onds or note")
I Com 1 aper Goi pipir
I K. loin 111 to 'Ml
l,1das dna lida)s dijs
I
IRESH FRUITS
.12'.
41",
01"
Ml" i
,'iS1.
31 5
"sis'.
-I '2
13'.
'.12',
"44",
127i2
'U'i
32" t5'
I Punks
Iloston
New lork
Plillldelphla
' l elin 1
I Illchmond
vilnrtc
( hlcai-o
st Louis
I Vtlnnc npotla
j K msas Clt
l.illa
i in I ranclsco
I 4 4
I 4. 4
4 4s. 4
4'. 4. 4
4'. 4 4
4 4' 4
I 4s. fP. 4
I 4s, 4
4 45i 01 4
4 4, 4
4 A li' 4
I 4 4
U
'A
4'J
4J
'J
414
NEW YORK COIITE MARKET
iS',
oJ'i
2fiV
,"S'.-
20' j
1114
27v.
Vupust
September
O toller
No ember
i 1 1 mber
lanuarv
Pebruarv
VI i re n .
Vprll
via
tune
,Julv
Toi s
opcnlnK
s JclTt is Hi
8 77
S 1109 S 70
t-serd i s
Cl 11
IIS Itl S M'l
S lilfi s 17
S .'J it s J3
S JtUl S 111
S fifH 3i,
R 41 fr s IJ
8 17 S 4S
''.IfJy "
S "'Iff S 111
h i.ms 117
7 1417 llll
8 O10S llj
Albemirle Pippin "(' lialdrtln, JS'itS.
I Hen lMli J.l .113(11 VMIIon lulg tttHH
111 .0 Vpples western per box VV lncsap
jj vifi 4 "iii Newtown Plnnln $Ji4 Annies
nearl.v per n bush bisket SI "otic - ""
l'eicnes lleorgln per 0 basket carrier SI "'I
i3".n do do per bush -basket Sl"5'-'
l.etinns ptrh.iK StmilJ Oranges Florldt
pi r ttx Slff'7'.o do California per box
JilfH Ornliefrult 1 lorlda per box SJW
4 Pineapples lorto Uko per crate lltcl
lllaekbirles North Carolina per ctuart i,t
lse cherries. California, per box. $1 "nc"
l. e anlalolipcs California per standard
trale ICI1C7 do do per ponv crate S"i do
to per flat crate SJffJ .u do Texas per
date crate SHcllo Watermelons i lorlda
pel Kin Slu4(7'i do do per carload S3o0P
VEGETABLES
llemnrid waa onb moderate but prices
general!) were atendtlv held Quotations
VShlte potatoes per Kill lbs Penn) Kanla,
si -li I .New Yoik SI M1H1 "B, Mlch
hiii 1 .VIJi 1 73 While potatoes South
( alollna nnd North (atollnu. per bbl No. 1,
vIMI'll No J 11 .i0 6j J 73. White potatoes.
Hirldi per bbl No 1. $34JV. No J,
si 5'I5(J 75 White potatoes Florida, per
lid lb bai. No 1. $.113 ' ,". No -'. SIGH-1.
S.et potatoea Jerse per hamper No 1.
J "iM I No J SI -'."(' 1 "a Celcis. 1'lorlda,
per elite $-t4c" Li.splant t lurleia lei
lox SI 2 iC5Jll do, Cuban per box. S1W2
eutumbers rlorlda, per bisl.et "OclSl "ill
di soutn Cirolina, per basket SlliJ do,
Norfolk per biBlcet, JJ riifij - 7S Heans
North c iinllna is.r hamper SJffiJ'eil do
Vlrelnia per bbl basket. ft.Jf.il- llec la
Noiiulk per lml buncheB SJtj 4 Coru.
Horlda. per crate 4.JI1 I J"i, do Louisiana.
I er bbl S0ff.nl ..( Peppels 1 lorldl. per
erate SK'J ci 1 Cuban p. r box jicaj 10
inatoev r lorlda, per erate SJ(!V4 oil. do.
Vlthslsslppf per crate. SLoHcHl 71 cabbage,
hastern Shore per bbl -crt SJlfiJIU, do,
Norrolk per bbl -ert , Jiiififjji uo uo
I er bl 1 Slffll 71 Onions, Texas per crnte,
Uicie$131 Watercress per inn bunches,
s.liiJ Mushrooms, per 1U .. f'CicjX$l.
the
here today were 75 cirs
July started at 70, to 7034c
.v-ej m me cna veterdav
vnnceu to 71 '2c Au,
lower at 65c and
against
and ad
ust opened 4c
mse tn KKS.. n
ri. .- .. - -" "" s
...-ie cinies saj that the wheat
crop of I-ranee this vear Is estimated at
220,000,00(1 bushels or about 80 000 000
bushels Hrger than hirvested In 1017
The receipts nf wheat at Monneapolis
and Duluth todav weie 214 cars against
190 cars last vear. at Winnipeg 141
cars, compared w iih 309 cars, and at
Chicago 6 cirs against 21 cars'
LIVESTOSK QUOTATIONS
CIiIcaro. June u linns i.-D,iMn..
celprs toda IJ Qpn he-d left o r 717
nani iihi.ii. ..j. ...... ....
" .-.".niV ""c, lr i "nn esiernae s clns
' . .... ,-Biiuiairej
head
SHREP-head
rece'pts tod 7CMMI
estimate) receipts tnda 7111111
Mo Pacific
Nat Cond L Cab
Nat Bnam v. Stp
Nevad 1 Con Cop
N' Y Central..
X Y Air Brake
N Y N U &. 11.
N Y Ont & West
Norfolk cS. West
Northern Pacific .
Ohio Cltlet Gas..
Ohio Fuel Sup
Ontario Mining..
Pacific Mall
Penn Railroad
People's Gas Chi
Pere Marquette
Philadelphia Co .
Piercce-Arrovv ...
Pitts Coal . .
Pitts S. W'st Ya
Pitts S. W Va pf .
Piessed Steel Car.
IS
4')'i
ai'j
sv,
59 .
IS'' .
7d
o4'
ll'.
4b'.
21
14'.
all1. .
20
71'J
41s.
2(IU
102' "
W'
J7'.
43
ll'j
28'
4 I5
41
li'l
2)'
3s' 3
32'.
7,0'i
I INACTIVE NEW YORK STOCKS
1 Tollovvlng arc quotitlcns for Inactive
New York stocks a"d :i -.hlch there
were no transactions today The price
given Is the last previous sale
A.linnq Hn. . l9
Arte; RumelV. 14
dv ltum p.
Appeal to Have Special War Assessments Placed on Un
derlying Companies Has Bearish Irifluenqe.
Keystone Telephone Declines
Stock trndlne was small during the early part of todaj's session of the
Philadelphia exchange, with Rapid Transit trust certificates, which have done
little for some time, about the only Issue to attract attention. Even United
States Steel common did not appear during the first hour notwithstanding tho
good demand nnd strength for that stock on the big board, nnd General
Asphalt common, which has been assuming the leadership here recently was
slow in appearing.
The appeal of counsel for tho Philadelphia Rapid Transit Company In
Washington esterday for amendments to the new revenue bill with a view
to placing surplus profits taxes for underlying railways on the subsidiary,
companies, rather than having the transit comoanv Dav them, as thev are
fullorl nnnn in An lht .. 1. 1.,1 - 1 ii- ,-rt .!. .... m iiSfl
..w.. Uj..u.. ,w ..v. e-.uei cei uui a. ueaiisii iiuiueiice on cue inurr.ee lur cno
Rapid Transit certificates.
Evidently some holders took this effort on thro part of the" company
directors to inldlcate that there was a likelihood of the company's earnings
being cut by tho Federal war taxes and, therefore, preferred to get out
rather than to take chances. At any rate nearly 1300 shares changed hands
by the end of the first hour, with the price sagging off to 25. Union Trac
tion, nevertheless, remained unchanged from the last previous sate price.
Kej stone Telephone reflected the earnings statement for May and five
months, which came out jesterday and showed Increased operating expnses,
causing furthr decerases In net leturns by declining Vi to 8 on a fewf odd-lot
sales. Lehigh Navigation was marked Tip 'i, Philadelphia Electric a fraction
and United Gas Improvement lost a.
Railroads weie quiet, with Pennsylvania coming out unchanged.
The feature of tho bond division was the activity of Liberty Loan second
4s, which were higher. ,
92 AMERICANS DECORATED
Rccche Croix de Guerre for
Braery in Action
11 lib the Americans In Franre, June
12 Nlnet-tvvo membeis of American
organizations on the Toul front received
the croIx de guerre from a French corps
commander late yesterday.
The decorations were awarded for
bravery In action during recent encounters
BOLSHEVIKI TO INDICT CZA
Convict Woman as Drug Peddler
Ite aclinic. Ph.. June 12 Mrs Eliza
beth Holland, in court with an Infant
of six months In her arms, was found
guilty of using and dispensing drugs
She p'obably will De sent to an Instltu-
May Charge Ex-Ruler With Alliance
With Kaiser
London, June 12 The forthcoming In
dictment of the ex-Czar of Russia by a
Bolshevik tribunal promises big sensa
tions, bald a Petrograd dispatch to the
Dally Express
The Moscow Soviet is busy collecting
telegrams which the ex-Czar sent to
European monarchs and to President
Polncare, of France, and It Is reported
that the erstwhile autocrat will be
charged with entering Into a verbal al
liance with the Kaiser at a meeting In
Potsdam palace against Franco and Kng
land The latest report Is that the former
Czar is at Riga, and that the Germans
I are planning to restore him to power.
The Russlon buorgeols, It Is reported, are
awaiting the comln gof the Romanoff
1 d) nasty into power again like a second
I Messah "
$946,300,000 IN 1918
FOR RAIL BETTERMENT
f5'.
4b2
2VI
l.V'
U4'
4b
04'
4S'a
23'
15'
lHll'
fin. C n. i c- n 1 efl-kll
I 11 IJ UMIIBUI w,
i -"nnn 'l A'!!1 X'V """' - y0"" Re celpts Heading
1 '.OOlhrld Kane sin i-.ffrin n r i c c,.i
Roll Dut tr rects.
St 1--S Fran pf .
beaboard A Line. .
OATTt E Receipts
.SHEEP Receipts
7snn head
Liverpool Cotton
Liverpool. June 12 Spot cotton was
quiet today, with prices unchanged on
the basis of 21,93d foi middling, old
contract The sales were 2000 bales
The receipts were 3000 bales, Including
2400 bales American Futures wee
quiet In the earl dealings. Old con
tract, spot prices, were American, mid
dllng fair 23 25d . good middling 22 56d ,
middling. 2193d. low middling 2141d,
good ordinary. 20 41d, ordinary, 19 89d
The Need of Mothers
The proper care of a child Is for the
common good It Is a woman's task to
rear the child However good and well
meanlhg. no man can bring that home
sense to a child that its little heart
earns for A ragged, dirty, poverty-
stricken child is a blot upon humanity
If the child comes Into the world in an
environment where squalor prevails, it
Is a concern of the community, or should
be. that a joar.g life exists there, and
measures should be taken to improve
the condition of the crild The world
has need of mothers, of mother-hearted
women Woman can never rise to more
glorious heights than those of mother
hood In the wider sphere opening for
women the most Important, the most
consequential of all tasks that she may
turn her hand to" are the tasks that
will bring about better conditions for
the child ; his housing feeding, educa
tion and what influences ma be brought
to bear upon his young mind : how ho
grows to good citizenship, how he comes
to recognize his duties and responsibili
ties to his fellow men And If there
Is a childless home, the woman cannot
bring a greater blessing or a greater
Vennninefcs tn herself than by opening
n TesemDling tne craD us jits doors and at tne same unie ner
knvner. la much more delicate I i, o-.r, in mim child without a motner
' finer flavor than that of either i Modeste Hannis Jordan. In Humanl-
Kansas rlli. June 12
celpts MIOll head steady
H,V2r.TTR''cc",a is nun head
M1EI.P Receipts 7IIIIO head
.J
I sun head Cir I?
CATTLE Re.
34
7.V.
01
2Vi
!7',
M
bO
41J. 41!, 41
ll'j
li',
70
(A)' 2
21',
hS.
bl'i
H
.iV,'
7 b
Mi' j
2i
s.s.
bl1.
M'a
34 j
70
IjD'i
2i'j
bb'a
84
Lower
btead)
DIVIDENDS DECLARED
Ohio State Telephone Company ciuarterl)
or 14 per cent on preferred pajable Julv 1
to stock of record June 20
Regal Shoe c'ompans nuarterl nf 1 , per
cent on preferred, pajable Julj 1 to holders
of record June 10
Eastern Texas Electric Compam setnl
nn."J.al of " ner share on preferred and of
IJ in on common both pajable Juts l to
stork of record June n
The N'ew York Suhtreasurs lost I311! Onn
to the banks eter1a reducing the cash
net gains since Trldaj to II 100 000
Dutrh Trawler Torpedoed
London, June 12 The Dutch trawler
Helena has been torpedoed with a loss
of threo lives In the North Sea. off
Dogger Bank said an Exchange Tele
graph dispatch fro Amsterdam today
Six survivors were landed
bfield for U. S. Canners in Chile
nta Arenas seemingly presents an
Bjr for a cannery tnai couio pac
otner sea iocq ana meat prou-
eTlie centolla Is an eight-footed
Philadelphia Arrivals
at New York Hotels
h or the lobster. 1 understand tarlan
ruatacean Is found only in this I
and in Japanese ana sou in
' coast waters It has been
here only by Gustavo Mueller.
Kan doing so a rew jears ago,
dire output having always been
New Zealand Lacks Salt
There Is a marked shortage of
for all purposes
salt
In New Zealand, espe-
llt&li.i l"njo . . ,.i nu PUn
tow Molfino Brothers, jobbers, of clally tame anu common .m ... ...
also. Chile, and Genoa, Italy. Mr , has Increased considerably during the
i06 states he tculd dispose of a . , ear and tne ouiook does rot seem
i lararer ouantity than Is furnished i '" . .,.. ... , .,, .,,.
Tiueilir which last .vear amounted nngnt tor a sumcm su,., -.
some 100,000 two-pound cans that re-l future Last July fine salt was selling
I bre for Z SS pesos laooui nuy cenm locally for 31 63 per ton anu uy uc
Ited. States currency). A concern I tober the price had increased to 165 69
lM combine -with the packing of cen- lon and at the end of the jear $80 29
1 the ousmess oi purcnasiiiB eauteaiio a , fi,,. imiiorts for tne nvo jeais
m jTom me local ireeiinu wornu. ,rom 1911 to 1915 ranged irom ;".jou
111 around 1,300,000 head cfmut- , r,T5 ton. averaging about 22.162
year, snipping intra 10 tne unueui (ons p,r annum, ana tor isuo ine uuurr
" On American company now jumped to 32 298 tons but dropped to
man Utloned here the Jear'-Jojoi ons for 1917 Of the Imports
t Wy tp buy. and ship these during 1917 the United K'ngiiim supplied
B itaisB nmK ss.uirci avooaa Hi" cu vii-vh 1 n - j u- .s.iiim v w 7 s, vii v--- j ---
yBMbaiyMMai-Ml4 United Stat 674 tons. It ouldMjM!,,
New lork. June 12
The follow Inn residents of Philadelphia
are registered at New ork hotels
A M llattln Grand
J I Ilraclley VValllrk
C II llrlstol Continental
F Cohn MarlborouRh
W" a Conlev HermlirtBe
F A Dogsett VValllck
J J Greer Colllrswood
D D Harrlncton Continental
J S Helnuelman rireslln
F p Johnson llreslin
VV II Jorden Jr Liiham.
A H Llltel UVand
J McKee Jr Grand
J K Jlltosky Flanders
C E .viondnj Herald Square
W I Peoplev Herald Square
r Pltz New Victoria
II M Randall Herald Square
K W Hhallers. VValllck
1- Tocin. uranil
S Tomas ltrnztell
W enerd, Orand
H Wolfe Grand
li Andrews Albert
O Honsill Aberdeen
A Hullls Tark Avenue
( ooper Hermitage
Fea VValllck
Flu her Aberdeen
li Htvl Ilrculln
H .IncUsnn llreslin.
F Kimhall llreslin
Leilnsnn llronclcvay Central
i.iei.erman ituiiiiK
"'
20) 1
10
2S
05 ,
S2'"
23i
OU.
44
39
1)5
1U3
82' i
2J'i
8215
21?.'
82' 1
2JJS
Sea A L pref 2ui 2(J 1'J's -"J
fanttuck-Arlz . .
Sinclair Oil Rflng
Slofs-Sheff S &. I.
Southern Pacific.
Southern Railway
South My pref. .
Studebaker Co. . .
Superior Steel . .
Sup Ml 1st pref.
Tenn Cop cS. Chem
Texas Co 148
Third Ave R It . IS
Tobacco Products. C2'i
Union Pacific 121
United Clg Store. 95'f
United Rss Invest 9 ...
U S Ind Alcohol.. 121' 122
U S Rubber ... . 57 . .
U S Rubber lht pf I02h 102'
lQtf 10'
62H ' 0V,
121- 121
07J2 '10
122
sit!.
-m trie' Klllll Ml. ' -
.,1, I Max Rubber. 50
" ' Alak C.ld Mln 14
1 .iiio.c-Vi.il nf 85
Am Ag mitts ''
Am Can l't;, '!
Am C & F pf 100'.
Amer Loc pref 9 .
Am Malt pf. . 46
Am Sugar .1'8
Am T . Ca . 55
Am 1 pi new "
23l Am Wool Pf 0 4'
lol , Am Wr Pa pf 22
Am Z & LP'- 43
! Aso Oil "
I A .t.lan11 ni.. ow
' rv.y."-w ; , nn,
. Atl in C L.ine '- uwetiH iiot
II (. O pf. . ."- P C O S. St L,
Bild Loco pt.""
Harrett Co ..88
. nkn Un Gas. 105
1 Brown Shoe.. 65
Cul Pet pf. t'l'l
1 Can Pac . m 146 J4
Cen Lea prei.iuj-s
Cei de Pa3 . 32
! Chi tc Alton..
ChiC.t W ... 1
Chi (5t W pf 23
I Chi . North JS
rcr & st Lpf 65
CCS pref.. 80's
!Com Tab Rec 27
Cont Can JJ'
Consol Gas. . 88
Con In Cal M 17j
Corn Proa pf 90 1
C I Cal M pf. 79
Crucible Stl uf 91"
Deere & Co pf 90
Del &. I1UU..11U
Del L &. W..162'4
Den & R o n
Den i R G P'.8
Det Edison ..125
Dome Mines. 7
Eleo Str Bat. 58
Fisher Bdy. 35
I Sen Chem... 155
Qen Cigar pf 93'i
Gen Cisar . 93'i
, Gulf Sts Steel 84
Marlni.in CD . 85
... Has & Bar... 42 ,
... Hav Elec ...101
illomestake M 75
i.Har'NJ.lk
I Int Har Corp. 62
' Illinlos Cen . 9u
Cfi Iowa Cent ... 28 .
lM, i Jewel Tea .... 3V4
- - . .. , c?a e ki
ian s ou v "
Keok L D M 4
Laclede Gas .,80
lLlg&MTCol67
Mich Cent. ..119
Mln t it L n II
dont Pr .... 6SW
Mo K i T pr. 9
Ma Pac pf. . . fit
Mor fe Esex 39
M MP SSm. 99
Nat Acme . . 2 9 '4
N'at BIsct ... 95
Vat Bis pf. IIOCJ
NIU1 M 2d pf 5
Nat Clk At St 59
Nat C cvS pr 1101J
N'at U A. S nf 00
V Or T & M. 22 M
VYC4SIK
N'orfoll: X. Sc. 21.
N'orth Amer. . 44
jnio uas rets 6S
63
50 1!
Pan Am Po pf 02i
t-eoria &. uast C
Pere Marq of 57
Pleree-Ar pf. 96
Psd Stl Car pf 93
"ullmnn PC 115
Rv Ml Spg . 53
Rv St Sp pf 97
Hep lr & S pf 00 a4
Itendff 1st pf 35
lieadg 2o pf 31
Sivage Arms 72
-'axon Motor 7
Seirs-iloe . 133a4
s.iis-Ubk pfll6
So Porto R S 157
M 1, K s v.. 121,
St L & S W.. 284
'itanil Mill. .. 'in
St Mlh pf... 86 V,
.Mudebaker pf 90
Tex & Pac . . 17
Tex Co rets . 19 Vs
Tob Prod pf. 94
Tol St L tr pf 8H
Tran Wms . 40V4
Twin Cv R T 42A
Under Type. .102
Union B i Pa 75
Under Type.. 100 U
Un Allov Stl. 30
Un Car Stl pf 101
I'n Drug 1 pf 184
Un Fruit . . ..124
Un Pac Bd.. 15 U
Union Pac pr 692
1'SCIP nref . 41
U S Ind Al nf 97
jVdministration Approves Bud-
get for Expenses Except
Labo rand Fuel
'!liiilllllill!l!llll!ll!l,i!lllini!!l!l!III!
Iilllll!
llHIliIllllilll
Philadelphia
is Busy
HALF IS FOR EQUIPMENT
07
122
US Rlty Imp. 15
U S Rlty Imp
1st pref. . . 50
U S Sm .5. Rf 41
U S Sm & Rf
nref .. ..4314
., Utah Sec Cop 12V
V4 Va lr C Jt C 72
v uican uetin l'A
Wabash 81
U S Steel tS
U S Steel pf
Utah Copper. ..
Va-Caro Chem. ..
Wells Fargo Ex
Western Union Tl
Westing'se E &. M
Wilson S- Co
White Motors .
Willys-Overland
Willys-Over pref
Wis Central
111)
80
48
79
00 J,
42
57i
41'.
Oh
Sll,
35
aoj
110'j
80' 3
49
102.
IS'.
1101
HUa
48'
102'f
1W.
110',
80Jj
49
Lie & M T pf 101 Wabash nf A 41.
Loose W B C 21 Wabash pf B 23 Vi
43 42'' 43
Irerlllnrd 185
, Lorillard Ppf .103
I Louis & Nasn,115
I Man Shirt . . 65
Hanhit Eiev. 95
1 May Dept Sts 53
I May Dept pf 102
IN Motor.. 26
Max M 2d pf 20
' Met Pet pf.,.119
Miami c c ::c'
War R R nf.. 53
West Md ...14
West 1st pf . 64
V Md 2d pf. 29
Wheel & I, E 9
'h ft L E pf 21
Worth P & M 4614
W P&MprB 67V4
Woolworth ..115
vVorthlngton
P i. M pf A . 90
scores of
additional
Its three hundred and
seventy thousand separate
homes within the city's
limits and its
thousands
homes in adjoining sub
urbs are full and it is
advertising for rooms for
workers.
Our Bank's business has
largely increased, but our
active and well-organized
departments have time to
look after your needs.
We are ready.
VV nBlilncton, June 12.
Improvements, additions and better
ments on the national rallvvas In 1918
will cost $941. 300,00 The railroad ad
ministration today approced such a
budget covering all expenditures ex
cept labor and fuel for the present J ear.
Some of the largest Items included
in the list are: Locomotives and freight
cats, $206,994,914, passenger cars,
$28,310,440; other equipment, $12,903,
100, Improvements to existing equip
ment. $35,043,290, the total for equip
ment being $482,417,179: for construc-
I tlon of extension branches and other
new lines, $18,237,424, with trcastles audi
culverts. $38(035,762; fur additional
main tracks, $47,471.00j ; additional
vard tracks and sidings, $98 661,553;
shop buildings, engine houese and ap
purtenances. $61,979,476
The east coast will be Improved with
coal and ore wharves costing $7,021,000
Improvement for the piomotion of
safety and the reduction of accidents
will consume aobut $100,000,000; of this
$17,000,000 Is taken up for the elimina
tion of grade crossings; track elevations,
tunnel Improvements and the construc
tion of crossing Flgnals and the io
malnder Is used In the changes of grade,
building of trcttles and construction of
subvv aj s.
Most of the Bteel required for the pro
posed work is under contract Officials
stated they expectetd to receive all the
steel necessary for the contemplated
betterments
To facilitate the movement of trains
through terminals and congested dis
tricts $16,000,000 will be expended for
signals and interlocking plants and tele
phone lines
Of tho $18,000,000 for extensions the
PennavKanla lines will receive $6,725,-
000 The Southern Pacific will receive
il, 125,000; the Santa Fe, $1,300,000; the
Louisville and Nashville, $1,000,000, and
the Gulf and Mobile and Northern,
$900,000 The Northern Pacific is given
$750,000 and the Nasnie.naiianoog
cago'nnd St Louis are allotted $600,000 g
each
Corn
Exchange National Bank
Philadelphia
Chestnut t Second
iunim ii liAiiiiiiiiiiii inn ni'i aiiiiiiiiiii'iiiiiiiiniipLiiiii.iiiiMiiiiii" mn iiniiniiiiiiiimiiiJiiiipiiiiiiii iiiii'miiiiiwiiiiiiiiiJiiiiiiiiiiiiiwiaS
Friday, June 14th
Financial Briefs
F
W
J
a
F
W
A
H
K
C
A
M
H
si
N
)
I
II
II
I"
II
VI I.lllle I' irk Avenue
11 llltel llrin.l
F P.rklns Wnlllck
V Pursell HrnTrivvay Central
Sarve-st Herald Hquare
I. Silk Abereleen
V Sims llreslin
Hplro Aberdeen
H L'urlch Park Avenue
Wenard Urand
Ellis Ilfrmllaue
m Waters llermltace
Trade Keprrsentatlvrs
Si nothsehlld it Co M Gutman
facrturers Infanta' and children m coat
lircwiivernr room -t c
Mis. Kohl! H I Bilk, woolen Jobs
ilece nooels HR.J Proudnflv room 140!
!.. TUlrmeiethal urw.lena Hotel ImDtrlal
vv , llirsth Co. M. lllrscn. wains.
rvnn avenue. 4icfrui. jT.j.w
w
T
nnu- I
II82J
The N'ew York Cotton Exchange mem
bership of William Mohr has been sold
to Allen Bond for $12,250 W N. Schill
has sold his second membership on the
exchange to Paul Pflleger for $12,500
The last previous sale was $11,800
Directors of the Ch'cago Board of
Trade voted to adjourn the session fo
fifteen minutes at 12 30 p m . Flag Day.
Friday. June 14 During this intermis
sion the regular program advocated bj
the Association of Commerce will be
carried out
Armour to Issue Preferred Slock
( lilrugn, June 12 In connection with
the Issue of $60,000,000 6 per cent
debentures. It Is understood that Armour
& Co will authorize an Issue of
1100,000,000 7 per cent preferred stock
and $200 000 000 of common stock The
I company s shate per cap'ta Is now
I $100 000,000 all common It Is not In
tended to Isbue the entire $100 000,000
pieferred Of the total. $60,000,000 will
be required for conversion of the de
bentures The common stock author
ized, to the extent of $200,000,000, will
be controlled b the Armour interests
I The preferred Issue will be of an In-,
' .........., ..1. r, vo n, a. I
VCfilll.C.I. l.lt-.E..
mnmi
Two Extras by American Brake Shoe
v.er torlc. June 1!. American Brake
Shoe & Foundry Company has) declared
two extra fliviaenaa 01 1 pscjimv "
Passed bv the Capital Issues Committee as not incompatible with
the National interest, bU without approval of legality,
validity, worth and security. Opinion No. A-438.
$450,000
PENN CENTRAL LIGHT & POWER COMPANY
First and Consolidated Mortgage 6 Gold Bonds
Interest Februarj and August, due February lt, 106S
The Company operates in Mifflin, Huntingdon, Blair and Cam
bria Counties, the district paralleling the Main Line, of the Pennsyl
vania Railroad.
The Earnings for the twelve months ending April 30th are
reported as follows:
Twelve Months Kndlne
April SO. 1018
Gross Income $1,609,530
Net After Taxes 586,054
Fixed Charges 333,226
Balance $252,828
PRICE 93 and interest, to net nearly Sl2
Free of Penntylvania State Tax
Full dtscription upon request
HARRISON & CO.
HlfFBS
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Mg HOOKS OI UniieU oema -,ic&iiin.ti v.w ..... ...woe? v avutc unio , uicic.ui,
g prospective purchasers or mis siock, wmen, true icy our predictions, nas
scored consistently advancing quotations and paid dividends at the rate of
1 20 per cent during past two ears of depressed markets, should take
B immediate action in order to participate in the next substantial dividend
j disbursement.
1 Remarkable past record of this stock has only reflected profitable coast-
p wise steamship business; while profits from recently Inaugurated shlp-
S building branch of business, operating three large shipbuilding yards, with
3 orders already in hand estimated at $50,000,000, should result In a mato-
U rlally higher dividend rate and -very much higher quotations for th
I stock, which Is In very heavy demand today at $6.75 per share.
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FOX & COMPANY
Phila.
Stock Brokers
Real Estate Trust Bldg.,
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Commonwealth Light & Power Co.
6 Secured Notes (First Mtge. Bonds for Security)
Yielding 8yJ. Maturity 15 months.
Denomination $100. $500. $1000 x
I. Interest requirements earned over twice.
2,pny,ical value of the Company's properties In excess of all funded ddbt,
notes and preferred stock outstsnding.
j, Motes secured by Company's First Mortf(a bonds pledged on 121 basis,
affording substantial margin of safety.
4, Property under supervision of well-known management corporation.
Send for dcicriptive data. 4
A. E. FITKIN Jb CO.
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