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EVENING PUBLIC LEDGER PHitlDEHiA, lOND A Yi JtJNE 17, 1.918
II-
'.ftv
NEWS OF THE FINANCIAL' WORLD NEW YORK AND PHILADELPHIA STOCK PRICES)
"jsFOUNDED 1865
u
j?
&
'J4
V-
8"Nf
rjf
.&
iji
m
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f 1
THE
Prbvident
m
n
Hife
and Trust Company
of Philadelphia
Is it fair that
your wife or
family should
have to shoulder
your work when
you leave them?
When the Provi
dent is your
executor, it
shoulders your
r e sponsibilities ;
capably, perma
nently, econom
ically. Fourth and Chestnut Streets
SHADOW OF GOVERNMENT WAR
FINANCING BRINGS DECLINES
FOR MANY STOCKS AFTER GAINS
Offerings of Liberty Loan Bonds Cause Lower Market
Trend and Majority of Early Advances Are
Wiped Out Before the Close '
c
New York Stock Sales
High Points in Today s Financial News
Early strength on the Xeie York Stock Exchange tinned to weak
ness when large offering of Liberty Loan bonds, as a icsult of ncio
financing plans, caused selling. There lias a lack of outside Interest In
Curb transactions and the majoitty of pilccs icere lower Corn and
oats declined and cotton nas Irregular. I'oiclgn exchange teas steady,
but dull Loans and deposits Incieascd In the Philadelphia u-ceKly bank
statement. liar silver lens unchanged In ;r Ynrk and f.ondon.
HWith Present Dividends
Maintained
Midvale Steel ;n view
if bought at present 1 )c
market about X sal
United Stales Steel. 17
U. S. Steamship, 15
Kerr Lake Mining, 22
Ukmulgce Pro. & Ref., 30
May we show vou without
obligation how even these ex
ceptional returns may be
greatly increased? An in.
quiry will brine the informa
tion.
h
L'lKfltkiiy:Miil?f!1
mmpsasa
t
436 Widener Dldir..PhiIa..Pa.
Walnut 6586 Race !1J6
Chester. Ph., Office, 602 Crnrer
Bid. Hell Phone 3313
mht
K4 wr it j
kM
ft
l.
,y
w-.
American Car& Foundry
occupies a moil unique position.
's-roiongation of war means guar-
srateea Dronts while n.a win
britif additional order. (or rolling
stock.
Recently pat ttock on S per
cent, btsii, which offers a 10
per cent yield t present
prices.
rit-jome ot war bniineti, rail-
? iflf stock orders and mitcel-
laneoas contracts.
i no landed debt Reserves
afainst common dividtndt 16
per cent, equal to 2 yean'
reqniremenlt.
radicated Karnlnas Eqitlttrs for
BtocK warHtng vaptlal t-'ruft otl
tUrn 3 vr. Analysis of Income Ac
eoifttl and Balance Sheets Our rnm.
iplcte. report for the asktno, covers
the ctffaira thorouohlu and tcill help
vou uavae me marten.
Clip this ad or mention AC 15,
Sghmidt&Deery
Hember Cons. Stock Ex. or X. Y.
28 Widener Bldr.. Philadelohia. Pa.
rbs.I Rell.Wal.4080: Key,, Rare 4080
ts, s. timce mi iirnml ai,
r private rirti:s
Now York, .Tune 17
The shadow of (5ov eminent financing In autunin threw a blight on
the market after a show of strength In the first half of the da. The
statement of Sccretar McAiloo, published in the morning papers, had a
direct result In eausliiK heavy offerings of Liberty Bond"), making those
Isiues weak and later In the day proved the determining force and
directed market movements Kcnerall.
The early trading was marked by violent fluctuations, two specialties
being bid up rapidly, Itoyal Dutch advancing 12 points to 117, followed
by n break to 105, and General Cigar stock, after advancing lmj to KS,
fell to 52 u,
American Sumatra Tobacco, which sold at 141 , declined to 138 Ir
regular movements occurred in the general list, United States Steel first
advancing to 10.1, and then fulling to 103 Other steel industrials were
active and strong during the forenoon, 1ut the gains were changed Into
losses before the end of the daj, with brokers attributing much ot the
supply to the usual reaching of stop orders with which the mniket had
again been filled
Marine preterrcd was in brisk demand for a time, advancing 2H to
1064, and then falling to below 104 after the adjournment ot the special
meeting without announced action.
Railroad stocks mocd in the same way, showing strength In the
early trading and weakness before the close.
It was insisted by some of thoso concerned In the trading that the
' reaction was perfectly natural after tne vlgoious advances since last
Wednesday
The featuro of the bond market was the heavy offering of the Lib
, ert issues The second 4s, after selling at 94 24, dropped to 04 08, and
tho 4"8 ranged from 9C.20 to 96
ABSENCE" OF ' 1)TJTSIDE INTEREST
CAUSES DECLINES ON THE CURB
I .
Houston Oil Demands Most Attention, Although Bullish
Operations Seem to Have Been Cheeked Large
Transactions in Pierce Oil Motors Strong
New York, June 17
For a time during tho morning the trading on the Curb showed a
strong tone, but there was an entire absence of outside interest and
when accumulation ceased values declined with a good deal of vigor.
Houston Oil demanded most attention. but the bullish operations
in that stock seemed to have been checked and after opening at S2fc,
it had a quick drop to 78 Other oil issues moved In the same wav,
with Merrltt falling from 29 to 28'4 There were large transactions
in I'lerco Oil, more than 20.000 shares (.hanging1 hands at 13 to 13
The motor stocks showed stiength in the early trading, Cheviolet
advancing to 32. But It failed to hold Its advance and showed a net loss
at the end of the day United Motors ranged from 28Vi to 27
Curtlss Aeroplane, fluctuated within a narrow range from 41 ' to
40, and Wright-Martin was traded in from 10H to 10U. Submaune
was a strong feature, making a fractional gain to 18.
Mining stocks weie fairl.v active, with moat interest attached to the
accumulation of Big Ledge, which advanced to l'i. Keystone Tire de
clined from 20Hs to 19?i.
Adv Itumely u
Adv ltumelv pr 34
Alnska Old M.. taj
Allls-Chaj Co . 3414
Allls-C Co pr . . R5
Am Heet Sugar 0)i
Am Can 4fli
A C & K Co now
Am Int Corp. S4V4
Mil (.01 uu
Am Ice Sec.
do pref . .
A It ,t l.eath
do prcf . .
Am Linseed
do pref
Am Loco
Am Smelting
Am Sum Tob
Am strel Kdry
Am Sugar
Am Tel & Tel
Am Tob.icco 100
do pr new . any.
Am Wool . SIVA
im rtinc & Lead 16T4
4314
30
4(1
IflTa
?Tfi
41
-DH
JTVi
Low
14
.14
l
33 '4
H4,
V
4ftVi,
10Yt
3 ,
41
30
40
ISif,
ttiVk
fl4',
7ny,
rtoe
14
.14
ll
1St4
MTS.
flfl?!
Not
rliff
H
t
Id
V
u
4- -IV,
fto
M t
41V4 V,
30
49 4 Vi
ir.7f. w,
7 Vs
40
70V4 .
IS v4
Ki'Ji 1
14194 l,1Vi 1.18H 3M
I
do nref
Anaconda
Atchison
At Uulf & W
do pr
"laid Locn Co
Bait & Ohio
do pf
Uairctt Co
Beth Steel II
do 8 1)0 pf I
llrk Hap Tr .
Brunswick .
uutte Cop .1 V.
IMlUSTKIAI.S
111,1
13T-i
.1
.1
"' t l
. jfcMWPiMiHHniiiiiitii iirimiiiniiH'imiiii, iiiiiiiiiii hhiiiiiiiiiiu'iiiihihihiili
m
tAl
Securities Purchased
t at Higher Levels
Our new free folder ta forth a
very Interesting plan whereby euch
aecuriUes. may tm utilized to In-
It crease present Income, and aleo
fviihb n- mjr tur iiieaiorn tn
liquidate these securities at a much
earlier date tha n would nthrwi .
I., be, possible.
Fox&Company
l Stock Brokers
Real Estate Trust Bide., Phila.
Frlrate Wires I'ronint Uellrerles
wimihiiiiiiiimibiiiii'i'i,i,iii i mgjiiii ii mmSm
I Aetna Lxplosives . . .
I Am-Urlt .Mfg
Am Marconi
Amer Writing Paper
' Air Reduction . . .
Canadian Car Co
Can Car & Kdy pfd
Charcoal iron . .
Chevrolet Motors .
Cramp
Curtiss Aeroplano
Cam en Tool
Carbon Steel
Lmerson Phonograph
redcral Dve .
Hendeo Mfg
Lake Torp Boat
Lrhlgh Coal Sales . . .
Lima Loco .
Maxim Munitions .
Marlln Arms
N Y Shipbuilding
Nor Amer Pop Pulp
' Otis Llevator . ..
Peerless Motor
' Poole Eng
Ileddon Truck
. Scrlpps Booth
Standard Motors....
I Steel Alloys
Submarine . .
I St Joseph Lead . . .
Todd Shipbuilding ..
Triangle Film
United Pro Shar . . . .
, U S Steamship
' United Motors
I United Sugar
World's Film ..
I Wright-Martin Air . .
I v.inn Concent . . .
STAMIAIIO OIL. s.-1-m-na
Stit rlos
AV. Innlel
70
.111
71
X
, 75
. M Vi
x
130
ltt
io
IV4
75
41V
s.
7S
3 'I
iV,
47
13
A0
13
nr.
i
17
14 Vi
S3
27
30
104
1
13
6
3Vi
2's
7S
3.1
SO
!l
13
HI)
111!
0
133
14
3
30
.
i
47
'4
as
41
.13
in
70
1.1
17
ISV4
7
17 Vi
IS ,
113
V4
B
3H
35
10.
4
13 '-4
2sy
10
t?.
-u
m
: ! Illinois
i unio
jl am President1 of a Corporation whose
easiness, cunauea ny vvur. doe not rr
air my artltr serTlrro. t'ollese man,
years old, married, 3S years of ur
resa In manufarturlns. xales, niiMIc er.
stta, finance and reorganisation alfalrs
st Secretary, Treasurer, ltc TrrKldrnt
and Prp-ldent ot vurlmix rnnxiratinnH
tllBHsated enDacIty for work, wide Hnnn
4at. aeaoalntance. hlcheat references.
'Amlans i to ronneet ultli oentlal ,u.
Iry. riitjadelphla dutrlrt. where my es
psrtence. mature Judsment, Intellect, In
iecrlty and ability ran be usctul. ,i.
'a T SIS. LEDOEK CENTKAI,
Pralrlo Pipe ....
S O cal
S O N J
(SONY. .
! inhi:ii:nii
Barrett O & C. .
I Cosden & Co
I Llk Basin . . . .
Federal Oil
inter Petrol ...
Houston Oil ....
,..103
,3IH
.z60
.20(1
530
.368
1AH
335
305
313
530
375
334
210
635
370
Barnett Oil&Gas
.svoaT
Hi
?T
HOLD
QUOTI
Clak6
1'3B.
'r aS.. D At 1--
l"iV- . ss wa n. Airaanuer
JgrWU: Stock Exchange B!dK.
v, 7 William HI.. N. Y. Cltr
lT Oil. STOCKS
. .. A
6 7
6 oy4
,... 2Vi 2x
. ... 12 UVs
.... 7 7Vf
ft
7
ovi
2
82 V4
imii:i'i:mii:nt on.
Merrltt Oil
Midwest OH ...
Met Petrol . . .
Ohio Fuel
Oklahoma Itef
P.lce OH . .
Sapulpa Itef
Sequoyah
Sinclair .
Unit We-t Oil
hTOt'KS CO.NT.
Sal ( loa
Auk
28V4
I I.I
III, I
. 38
. .Ill
.. I
:"
. . 8l
. 18
(Male)
ZSV's
140
MI.M.Mi STOCK
Alaska Standard ,1
Atlanta . . .1
Big Ledge . . 1 V(.
Butte New York . . )
Cal & Jerome ... if.
Con Ariz . . 14
Lmma Consolidated. Id
First National !
(Joldfleld Merger 3
Coldflcld Cons . f,
(ioldfleld Florence 10
Ooldfleld Kewonas 3
flreen Monster .
llecla Mining . . 4'i
Homo Sound . . . 3u
Jim Butler . . . 03 ,
Jumbo Extension . . 0
MclKnley Darragh . 10
Magma Copper 30
Mother Lode . . 30
Mines Co of America. Hi
Nevada Hills ... .1
Nevada Wonder ... yH
Niplsslng 8li
Ohio Copper l
Bay Hercules 4
San Toy lo
Stewart . .... ,1-33
Tonopah Kxtenslon . 1 x,
United Verde . . . 31)
West End Con 1 ,',
White Caps ,
Yerlngton 5
no.Mis
Bethlehem 5s . . 08
Cosden Oil h .... 78
Cosden & Co Gs ... 78
Cudahy Gs . .... 04
Russian (Jov 52s . 3.1
do 64s ... 38
Southern Railway 5s t)8V4
Sinclair Oil 6s . . 10
I Todd Shipbuilding 6s t)
17
7n
V
I)
(
m'i,
IS
10
R
I ft
I
i',;
-"
Vi
2V
.1
'.
1.1
4
4 Mi
I
A3
II
43
33
37
1
7
Hi
8'i
It
l'4
12
7-33
I Ml
40 Vi
IVfc
98V4
85
83
1)7
3M
40
00
80
00
Butte .t Sup C 25Vi
Butterlck Co 8
Cal Petroleum 21 1
dn pief . fl4--)i
Canadian Pai I4DV4
Cent Leatbei n')V
Cero de Paco 33 ',4
Chesa & Ohio 57Vi
Chi M d. St P 4 4-?i
do prf 73 i
Ch & Nortwest !4 )4
Chi KI A. Pac tc 23Vi
do G pc pr tc 80
do 7 pc pr tu 70
C C C ft SI Ii . 31
Chile Copper l.IVs
Chlno Con Cop .19
Col Fuel c Iron B0)4
Col Clas A: Lice .12 V4
Col & So 1st pf 4!V4
Con Int Cnl M. ",
Cont Can 70 Vi
Corn Products 41 (4
do pref loo
Crucible Steel 07
do pref . .1)1
Cuba Cane S 3l-4
Den & R i; pf s
Bonip Mines 7,
Distilleries Sec 00
Lrlo ... lO'i.
Erin 1st pr 33'(
Fisher Bodv 42V,
Hasten Flll'ms i I ',4
Ueneial CI Co 58
(Jen Lice Co 148
(Jen Motors . 137
Uoodrich B F 44
do pr . . OO'h
Creat Noith pf 90 "i
(It Nor Or subs 33
Greene Can Cop 41V4
(Julf State Stl 85 V4
Uulf M & N pf 30 V4
Haskell U Baik 13
Illinois Cent !(.'.
Int Agricul I8Ti
do pref OlVi
Inspiration Cop :i V4
Int Cns Crp pf 40
Int llaiv N J 138
Int Mer Marine 30
do prf
Inter Paper
Inter Nickel 37
do pit 89 Mi
K C South pref .".;(.,
Kclly-Spglleld 4!)
Keniuco Col) 34a4
Lack Steel , 8 l'i,
Lehigh Yallej nn 14
Mackay Coj pf 04
Maxwell .M0I01 28"',
do 2d pref . 31
Mex Petrol U7
Miami ("on Cop 2514
Midvale Steel 52
M St P. A. S S M Ha
Missouri Pacific 34
do prt f . . .54
Nat En &. Stpd 53 ft
National Lead 57
N Y Cent . 73
.V Y N II & 11 4')4
N Y O &. West 20V4
It Vi 4 14
112 112
98 07
ino
05V4
68
I0V4
48V4
03
8.1
K)7Vi
2
88
65
60V4
80 Vi
82
101
41V4
13 Vi
0
24
8
20 Vi
01
14 Vi 1
18
(1.1
85
08
2
(II
55
60 V4
89
84
05 Vi
43
14Vi
0
112
98
10(1
05 Vi
80
16V4
4V4
iy4
V
48Vi Vi
01 1
85
107 V4. a,
2 1
88
A3
6(1 Hi
89
82
104
4 Hi
PROFIT-TAKING SENDS
CORN MARKET LOWER
Pit Talent Forces Decline
After Display of Early
Strength
21
8
20Vi
(12
I40V4 14RV4
07 07
33 Ml
67
13
74
92
23
CO
9
3.1
15
38 y4
4sy4
32 Hi
4014
9
70 Mt
40
1110
li
91
31
8
7
.18 14
15 V4
3n
12
.11
4!)
III!
114
44
'))
8')
33
!l
81V4
30 M;
12 Vi
90 Hi
18 Hi
(13
t'tilras;o, Juno 17. Proftt-tnklng by lo
cal professionals and the pit talent forc
ed the market for corn off fiom the top
today after It had displayed consider
able strength,
A rURh by commission houses and lo
cal Interests to buy led to a sharp rise
at tho start, the factors being a heat
wave of considerable Intensity yester
day over lown, Missouri and portions
of Kansas. Kentucky and Indiana and a
Jump at Kansas City.
The trade, however, was skeptical as
to possible Injury to the crop by hot,
dry weather and was not disposed to
back tho market too far on any advance
based on heat at this early date, iiartlc
ularly as lower temperatures are ox
pacted Commission houses were well supplied
With bovine nnlprn nf (Iret nnH nlTor.
V. I . '". ---.." ... ... ...... .......
1 ij 1 ings were light, but selling Increased
I f?jand liquidation was suggested. The rc-
it? I eclpts hero today were larger and the
ii cash article was easier.
i? After touching tl 47V4. Julv dronoed
31, .ij 'to 1.45ii, closing at $L46i to Jl 45,
Oiy, I against $1 45 nt the end Saturday. Au-
Philadelphia Slocks
Txiw Clne
lOVi 1H
.. t70
85 86
60 60Vi
24 24
68 58
7 27
60 60
17 17
Net
rhi
y
68
60
61
44
8.1
24V4
24
A8
90
90
.1
.17
00
187
V4
1
1
t5H .. .
80
61
44
85
t2V4
24
24
08
00
00
3
37
oy4
187
103
40
1
Vf.
I26Allla Ins 10
Am Ry pf . .
10 Atchison, 85
72 K1 Stor. 80
3095 Gen Asph 2SV4
80 do prcf. 88
25 Ins CNAJI
80 Key T pf 50
525 Lk Sup C 17
Leh Nav . .
2 Leh Val. 68
AMlnehlll.. 50
.105 Modvale... 62
27 Pcnn BR 44
10 Pa Salt M 85
Phlla Co
cum pf . .
.104 Phlla Elec 24
145 P U T t o 24Vi
49 Ph Tract. 08
10 Rep I & S 00
95 Reading.. 02
1.1 Ton Bel. 3
.15 Un Tract 38
100 U O I .. ASVi
28 U C N J.I87
370,7 V S Steel 103 103
W .1 & S ..
Ex dividend
tQuotatlon given Is Saturdays close,
i
IV. I gUSt SO d as hi ell m S1.49U nnrl ireilil
Vi to $1.47?4. closing at Jl 47, against
Jl.46 nt the end Saturday.
lu I Oats also rtacted after having risen
, ' i 1 sharply on the hot weather In the South-
3,3 h, w'fstt with possible damage from prema-
. iutv iiifiiiii. xiiic was ttenerni ouy
I Ing by commission houses and also cov-
,(; ering y snorts early, but considerable
realizing developed
The best on July was 724c; the low
71c. and the close 71T40 to 71ic against
70?c nt tho close Saturday. The top
on August was Gt'ie: the bottom 6Cc,
and the close G'lsc, to G7c, against G5rsjC
at the end Saturday.
The visible supply In tho United States
Is 1G. 760,000 bushels, ngalnst 13,792,000
bushels last year.
Leading futures ranged as follows:
Sat.
Open lllgh Low Cloee close
corn (new oeuvervi
1.4.1'i 1 47" I 45V,
1 48'i 1 40
6
43 't
74 Vi
92
23
noli
70
.13
15 V
.18 Vi
40
3V4
49 Ms
..
70 V4 Vi
40
11)0
04-i 1
IM
31
8
7 S.
58 1
15 "6
33 14
43 1
31 2
53 Hi 4 a,
147V, H
1.14 V4 --1
44
99
89
.1.1
41
8314
30 V4
43V4
on
18 i
A!
51
a, July
1.41'
7t
tin
Oat 9
July
Auk
i.nrd
July 24 05
Sort . .'4 00
Win
July . 22 S7
Scpt . 23 32
Pork
July Sent 42 Oil
Hid tAskeri
7'4 t 4
UVS 1.47 1.47 1 44
1 424
72 Vi
07 Vl
71
no
21.no
25 20
2.1 111
23 (10
07',
124 no
T21.17
24 37
24 83
22 SI 2.1 01
23 32 23 15
43 10 42 M
Nominal
42 70
43 10
r,9H
op.
24 12
24 37
22 32
22 7.1
41 21
41 30
81H,
Total sales 83.10 shares.
580A shares on Saturday,
l!OM.
ItlKh Low
r.ooo netn steel
1st 6s . 8tV4
500 Elec &'P
Tr 4s.. 72
3051 Lib Bonds
3 4 s... 90.50
3000 do 4s. . . 04.20
100 do 1st 4s 04.20
5260 do 4 Vis. 90.28
2000 Phlla Co
cons 6s 80
110 Phlla Elc
1st 5s.. 00
14000 Reading
gen 4s 82
1000 Span-Am
Ir 6s. 100
30100 Un Rvvys
t c 4s 57 57
compired with
00.30
04
04.20
00
80
04
82
100
Net
Close chac.
81
72 1
00,30 . ,
04 .50
01.20 .10
08
90.28
80
04
82
100
.17
Total nalrs, S7450,
400 011 Suturilio.
compared with 22,-
Local Bid and Asked
Amer Stores , .
Ilrlll J (1
Huff & Husii t c
do pref
llald(vln Loco .
nicctrlc btoracp
Of neral Asphslt
no prel
Kp stone Tel .
do tr ctfs
Luke Hup Corp
Lehigh Nav
LehlKh Val .
I.ehlsh Val Tr
do prpf
Penna MM
l'hlll Klei trie
Phil Co
Today
nid Ask
20
22
no
48
R8H
50
2S'
30
K
481,
Ul.
115
3S
44
24
1
Financial Briefs
40
138
28
I0AV4 103 i
38 .17
27
8.1
53 U
48,
33 V4
K
5 'I
114
28 U
20
9.1
27
51
88
23
54
51
60
73
41
20
103
80
38
44
12
S
43
4 3 Ml
1
I Hi
"4
Vi
17 1
.'7 ,i
85 h.
138
28
104'
y
I
14
f
-1
The New York Subtreasury gained
J827.000 from the banks on Saturday,
making a cash net gain since Frldav of
41,730,000.
The Ouqucsne Light Company, a sub
siding of the Philadelphia Company,
repoits for the fiscal year ended March
31. gioss earnings of 9, 842, 394, an In
crease of $2,531,690
Figures compiled by the Interstate
1 Commerce Commission show operating
da II n c pref
' P It T-fr ctfs .
, llendlnK
Tonopah Pel
I Tonopah Mln
ITnlon Traction
U (1 I
II H Steel
York Hwy . .
do prer . ..
W Cramp ft Sons
p c pref 2.V4
. . ai'-
. 24
. 00i
. 3
. . 2V4
. . 37'4
. . nn
. .103Vi
. 7Vi
. 31
70
30
23
04
50
SOU
504
244
574
84
80
17
(1.14
3'
19
37
444
24
34
24'i
01
34
2.
.184
HO Vi
1014
04
32
78
Saturday
111,1 Ask
an
(III
48
H94
514
24 .
5S
N
47
17
01
.19
43',
24S
234
31
24
1114
211
24
37.
II14
1(1.1
74
.11
"II
30
114
60
1104
52
254
50
S4
50
174
11.14
504
IR
.17
44
244
21
34
244
91 4
3S4
iin'i
inr.4
114
33
SO
A
1ft
"i
18
8
1!
4
7-33
1.03
34
03
Norf & West. .I03h
Noi Pac 87
Ohio Gas . 38'4
Ohio Fuel Sup 45 yt
Ontario Silver 1.1
Pacific Mull . . 2U
Penn II II.. 44
I Peo Gas & C. . 42
I'cre .Marquette 12 13
I Pllts k West.. 34 33
do pr . . 115 70
I Pierce Anovv . 3U 39Vi
1 Prsd Steel Car. 04 03
lily Steel Spg. S3 63',
I Reading . .. 93 90
I Rep Iron & Stl 91 89
Royal Dutch 117 105
St L S F . ..12 13
I Seabd Air Line 8 8
I do pref ... 31 Vi 20
Sears-ltoebuck 135 135
I Sloss-Sh S Ac 1 70 09Vi
I Sinclair Oil . . 29 28
South Pacific. 84 84
Southern It It. 24-y, 24
, do nref .. 02 Al
Studebaker . 4A 44
Sup Steel . .42 41
Tenn C & Ch wl 10 19
Texas & Pacific 17 17
Texas Company Wl 118
Tobacco Prod.. 81 A3
Union Pacific. 123 121
United A Stl. 41 40
United C S... 91 95
United Fruit .129 139
USC LP&Fpt 44 43
U S I Alcohol. 124 123
U S Rubber... 87 57
U S Sm. & 1UI 41 41
63'4
48 4
33
K.I
58
(14
28T,
21
01
27
R I 1
HK 1 I panv for the car ended May 25 were
s5t j. ti. , J2. 172. 945. a decrease or i,uo4.uiu
64'if. A- hi. ' Surplus for the year showed a loss of
r.isZ . . 1 $1,878,988 Allowing for 6 per cent
67
73
42
20
103,
8(1
38
revenues of ISO railroads and fifteen
switching nnd terminal companies oper
ating In the United States In April were
$370,61 4.729, against $319,328,491 the
same month last year. From January
1 operating revenues were $1,311,294,
498 compared with $1,202,812,157 dur
ing the same period In 1917.
Profits of the Federal Sugar Com-
I dividends on preferred stock surplus t-i-a.
come for the $6,G77.200 common stock
I W.IS Ciuui lu 11 it. 11 nunii-, iifeuuiai.
$39 30 earned in the preceding year.
1
44 1
- 114 1
29
44
42 Mi Vi
12 Mil
33 Tliete has been placed on the regu
16 lar list of the Philadelphia Stock Ex-
3UVi 1 change $2700 additional American Tele
(13 1 graph and Telephone stock; $2150 addl
13 Vi 1 tinnol Westmoreland Coal Company
90 M11 (new) stock; on the unlisted depart-
AfterMf meeting of the directors of
tho Brooklyn Rapid Transit Company.
It was stated there would probably be
nn announcement Wednesday regarding
the proposed financing of the company's
I $57,735,000 notes which mature July 1.
PHILADELPHIA INACTIVE STOCKS
Following are quotations for In
active stocks listed In the Philadelphia
Stock Exchange and In which there
were no transactions today. The price
given Is the last previous close:
A G War ... 1 '4 Lit Bros 25 4
Amer Gas .. 73 Leh Val Tr. 20
Amer Mill . I OS Leh Val Tr pt 2b',
Amer Stores. 29 Little scnui
Amer Strs of 92
Brill J G 26
Hrlll J (5 pf. 70
Buff & S t c. fit
lluff & S t c pf 48
Cam Iron ... 40
Cam Steel ..132
Catws 1st pf 62
catws 2d nf . 64
Con Trao NJ 6614
lit ft B T .. 10
Ht & B T pf. 17
Keystone Tele 8
No Penna
PRT.. ..
Penn Traffic
Phlla Co . .
Phlla Co pf
48
86
23's
24
2G
23
Rwvs Co Gen 2
Ton Mining .. 2'!
U S Steel pt.110
Wm Cramp . . 77
Warwick Iron
West Coal . . 76
York Rwy . . 9 Vi
York Ry pf.. 31
A'eif York Bonds '
89
110 5
12'4 Vi
20
131
LOCAL LOANS INCREASE
Hank and Individual Deposits Also
Higher Than Last Week
tu iamp-n nnnrlltlon of members of
I the Philadelphia Clearing Houso Asso
ciation tor tne wee iiruccuma i;
shown in the weekly statement, with
comparisons, as follows;
ALL MEMBERS
SIP" , , ...
,' - P1RECTOBY Of ACCOUNTS
IVAWRENCB E. BROWN & CO
.",!. ESTATB TIIUST nt.DO
JOATE ADJIT8T PAItTNBRgtllP
,a,cj.- c uusru IKU ACCOUNTS
Cuif
fall .-Machine Co. Pays on Common
IEi'". June it. The Amcr
M 'Window Glass Machine Company
dared an Initial dividend ot $10 a
I'on the common stock. n.ivah'
fJP to ho dera of record June 22
..company also declared regular
sMM-Iy dividend of Ii ncr cent on
Jtrcferred stock payable July 1 to
prdox recura june a,
s . .
Bailie uniciai uegins uulles
Hutt. Jr.. who was recently
deputy governor of the Federal
name or I'niiaaeipma. enterea
1 1' new duties today. Frank M.
'.the incumbent, will continue
.Reserve Bank until July 1.
.leaves to become vice president
purer 01 tne rnnaaeipma Trust
"ft
'A'Nir. rtviitiNr.il
compared wltst.eor-
rf.
I)ans
Lxchunses
House
Due from banks.
Rank deposits .
Individual deposits..
Time deposits . . .
Reserve with F, It
U. and leial de
posltsrles
rash In vaults . . .
Total reserve held. ,
Heserve required. ..
Excess reserve .....
June 17. 1918 Incresse
. tU30,l(15.000 (lO.tJUB.OOO
Clearing:
22.845.000 !. 410.000
1211,11118.1)00 1.004,000
107.452,000 4,753,000
468,825,000 6,00)1,000
4.875,000 675.U00
57.049.000
17.974,000
58,043.000
48,874,000
9.769.000
3.409,000
403,000
3 378,000
l.O.'O.OUO
2 359,000
MEMBERS OP RESERVE SYSTEM
Reserve held ..,,.,. $63,549,000 $3,701,000
Excess reserve ..... 8,881,000 2.835,000
TRUST COMPANIES NOT MEMBERS OK
RESERVE ST8TEM
Reserve held $8,094,000 $322,000
Excess reserve .. . 1.408.000 lO.OOO
Decrease.
In addition to the deposits above, there
were this week $80.398, 000 Government de
posits, agslnst which no reserve Is required.
NEW YORK COFFEE MARKET
New York. June 17. The market for
coffee futures opened quiet at unchanged
prices with the only sales recorded being
in the July position. It is believed that
the outstanding Interest in July Is not
large, having been gradually closed out
In recent trading, much of the business
being in switching July to September
and to later months.
Sat.
. ,,IW V PI... Ia,a
upfO X.ii JV" o jT, e Aflil
H.OII BUS a (ia e u o.w.
8.15 8,18
8.31 8.87
S.-.J ....
.7 8.88
"vAr
8.17
8.S.1
H 1A 8.13
8 84 8.31
MONEY-LENDING RATES
NKW YORK Call money, mixed col
lateral, opened at 6?, per cent; high 6;
low 5J, ; last 6; closed 5S44?6; ruling
rate 5, per cent Industrials opened
at G',4 per cent; high 6'2 ; low 6Vi ; last
6Vj; clostd 6'i6Vs; ruling rate GV
pel cent.
The only business reported was of
some loans on all industrials at 6 per
cent for sixty das a. On good mixed,
quotations are unaltered and nominal at
5's B?4 per cent for sixty days and
5V4 O 6 per cent for all other maturities
up to six months.
Prime mercantile paper Is slow at a
minimum of 6 per cent.
Choice banlt acceptances, running sixty
and ninety days are unchanged at 4,',
and 4 ft per cent for eligible members ;
4ft and 4, per cent for eligible non
members and 54 and 4 per cent on
tncllglbles
PIIH.A11KI.P1IIA Call 6 per cent;
time 6VjW6 per cent. Commercial pa
per, three to fix months, Sijffi per cent:
six months, 6 per cent.
FOREIGN EXCHANGE
New York, June 17. The foreign ex
change market In the early dealings to
day was quiet with the tone In the main
steady. Pesetas were shaded slightly.
Otherwise there was no change of
special significance.
Quotations weree
Demand sterling 4.7511, cables 4.76ft,
sixty-day bills nominally 4 73, ninety
day bills 4.71.
Paris cables 5 70, checks 5.71.
Lire cables 8 88. checks 8 90.
Swiss cables 3.95, checks 4.
Guilder cables 51H, checks 50 fi.
Pesetas 28.65, checks 28.3C.
Stockholm cables 34.40, checks He
Chrlstianla cables 31.70, checks 11.30.
Copenhagen cables 31.30cseck Sft.tH.
U S Steel
do pref . .
Utah Copper .
Utah Sec Cor
Va Car Chem
West Pacific
do pref .
Wabash
do pref A .
do nref B
Westingse Mfg 44
Wheel & L E 9
do pref .. 10
Wilson Co . . 80
Wlllys-Overld 20
12
49
20
00
0
42
4
28
H4
24
2 Vi
44 1
41Mi 2
10
17
148
03 1
122
40
96 V4 2
129 3
44
123 1
67 Vi
41
103 2
mi sr,7r.o additional Phlladelnhia Elec
tric Company of Pennsylvania stock.
105 101
111 111 111
80 80 0
13
48
19 20
80 110
0 9
41 41
21 24
43 43 I
0 .
19 19Hi
00 00 4-
19 20
12
48
INACTIVE NEW YORK STOCKS
Following are quotations for inactive
New York stocks and In which there
were no transactions today The price
given Is tho last previous sale-
Adams Exp . 68 May DStrspf 102
Ajax Rubber 50 Mex Petrol pf s
Alaska Juneau 1 i Mich Central 93
Am Agr. Chm 87 '4 Mln Si L new 10
Am Ag Ch pf. 93- Mont Power.. G8,
Am UK is nt. -' flior t i;ssex. 39
Am Can pf . . 91
Am C & 1- pf. IO
Amer Coal .. 62
Am Loco pf . 97 i
Am Loco pf. . 971,
Am Malt 9
Am Malt pf . tG
Am Smelt pf 105
Am smlt nf A 89T4
Am Sum T pf 100'i
Mo Kan & T
Mo K ft T pf 9
Mont Pow . . 6G
Nat Acme . , 31
Nat Bisct . . 95
Nat Bis Pf .110V4
Nat Con & C 16
Nat Clk & St 69
Nat E & S pf 91i,
-ai ieaa prenooH
Total sales 50.1.100 shares, compared with
30(1,400 shares on haturda.
Ex dividend Alabama Great Southern. 3
per cent, Loose-Wiles first preferred II 75,
May Department Mores preferred, I", per
cent; Tobacco Products preferred, 1, per
cent, Utilities Securities preferred l-4 per
cent. Electric Storage Battery 1 per cent.
DIVIDENDS DECLARED
National Casket Company, quarterly of
14 per cent, payable June 30. Books close
June 20 and reopen July 5.
Fairbanks Company, quarterly of 2 per
rent on preferred, payable July 1 Hooks
close June 24 and reopen July 1,
National Biscuit Company, quarterly ot
IS, per cent on preferred and common. The
common Is payable October 15 to stock of
record September 30 and preferred August 31
to stock of record August 17
Chicago Railway Equipment Company,
quarterly of 1 per cent, payable July 1
to holders of Tecord June 20
Reading Traction Company, semiannual of
75 cer.ia per snare, paame July I
Books close June
as reals-
!!U and opeu
tered June 20
July 1
Fairbanks Company, regular quarterly of
Am Sugar pf. 100?4 'NY A'r nk ,,
Am 1 A- (-a .. no N Or T & M "si
AVrWnf 5 & VCft 8 . 16 '"
A Writ Pap pt -J .v c -.,,
liM HaS- 58 Norfolk & 'So 21
a?iU ' ' 84. North Amer.. 46
Uchn nf" Hi. North P&M 8'
At, B?rm&Al't 10 1! Nil" M2d pf 4,
At an C Line 931? Ohio Gas rets 68
BamLKco Pf!l00 Owens Bolt Gl
n.in,,n Mln 1U Pan A Pet pf 91
Beth Steel ... 83 S!"1?, Eas.1 S
J . cio Ataiij (ii ii
lllh Fish
Bkn Un Gas. 105
Brown Shoe. . t
Burns Bros .123
Cal Pack Co 40
Cal & Ariz 67
Cert Prod . . 3B
Certeed 1st pf 87
Cent Lea pf .101
Chand Motors 8714
Chi & Alton .. 7
CCC ft St Lpf 15
Chi M ft St P 4314
C M ft St P pf 74
Chi ft Gt Wst 7
do pref ... 2314
C C S pref .. 804
Col & South . 22
Com Tab Rec 27
Hnnsnl Gas . . 88
Cont Can pf.103
Cub Am Sug.162
Phlla Co . 28V4
Pierce Ar pf . 9715
Pitts Coal .. 52
PCCiSli, 6214
Pond Ck C Co 19
Psd Stl Car pf 91
Pullman ....113
Ry Stl Sn pf 97
Hay Con Cop. 23
Rep Ir & S pf 99
neadg lBt pf 35
Readg 2d pf 38
Saxon Mot . . 8
St L & S F pf 2GH
St L ft South 21
Savage Arms 72
Sears-Roe Pf 116
S Por Rlc Su 160
Shattuck Arz .16
Stand Mill .. 96
st Mill pf ....86U
2 per cent on preferred, payable July 1 to I Gen Motors pf 8214
stock of record June 24 ' Granby Mln. 74
St. Louis. KOCKy Mountain and Pacific
Company, quarterly of 1 per cent on com
mon, payable July 10 to holders of record
June 29
Island Creek Coal Company, regular quar.
terly of 14 per cent on preferred and $2.50
a share on common, both payable July 1 to
stock of record June 27,
Pond Creek Coal Company, quarterly of
50 cents a share, pa) able July 1 to stock of
record June 27.
Island Creek Coal Company, a dividend of
$2 50 a share on common, payable July 1 to
stock of record June 27. Also regular quar
terly of $1.50 on preferred, payable oil same
date.
Mlnehlll and Schuylkill Haven Railroad
Company regular semiannual of 3 per 'cent,
payable July 15 as registered June 21, Books
close June 21 and open July 13,
'Pennsylvania Company for Insurances on
Uvea and Orantlng Annuities, regular quar
terly of 7 Per cent, clear of tax, payable
July 1 to stockholders of record June 20
unu-Hi veiaa niuiiiiiiin, siininir t-ompany.
an extra, oj ap cewa a. soars in
seme.
Cuba i- be pi a si Stutz Mot . . 42 Vi
Deere & Co pf 91 studebaker pf 90
Del & Hud 110 sup Steel pf. 95
Del L ft W..162 4 Te5 Co rets ..1914
Det Edison .125 Third Ale 18
5e JJnl,f.d V 8rV Tob Pro1 Pf 9
D S S & At pf 6 Tol St L S
TJlec Stor .. 50 pr cts 8Ti
Erie 2d pref. 23 Tldewtr Oil.. 186
Elk Horn I"l. 23 Tran Wms ..40
Fish Body pf. 87 Twin City It 39
Gen Chem wl0 Under Type .104
Und Type pf 106
ITnlnn TI . T. tK
Gt North pf 90 Union Pao ..70
Un Car Stl nflO.1
Un Drug 1 pf 48
Un Ry Invest 17
Un Pap Bd ..15
Utd Ry Inv .. 9
u S C Ir 4 P 14
Gulf & s inn 75
Hav Elec ..101
Hartman Cor 41J
Homestake M 75
Int Har Corp 62
Int Pan nf st 27
Inter Salt ...55 U S Ind Al pf 97
Iowa Cent ..28. U S It 1st nf.103
Jewel Tea 38 u S Rlty Imp 15
Kan City So 18 u S Rlty Imp
Kelly Spgd pf 76 1st pref ...,50
Keok ft D M 4 U S S ft R pf 44
Laclede Gas . 80 Va Car Ch pf.107
Lee Rub ft T . 18 Va Iron C ft C 72
Lig&M T Col67 Vulcan Detln. 7
Lie ft My pf.102
L W Blsc . . 21
Lorillard ....185
Lorillard P pflOS
Louis ft Nash.115
Mackay Co . . 73
Man Shirt . t5
Manhat .Kiev. fiS
Wells-Fargo ..79
West Md ... 14
W Md 2d pf 29
West Union ..91
White Motors 41
Wlllys-Ovr pf 81
Wis Central ..35
JtK '14
.,. . . High Low
$7 1 000 Anglo-Frch 5s 92 91
1000 Am Sm Sec 5s 87 87
1000 Am T clt 4s 86 86 U
55000 Atchison gn 4s 85 84
2000 Atl Co L 4s 78 78
lOOOOBalt ft O 3s 87 87
40000 do 6s 80 80
1000 do 4s 75 75
40000 Brklyn Rap Tr
6s 1918 . .. 97 Vi 97
2000 Bordeaux 6s.. 91 91
1000 Can G 5s 1926 92 92
1000 do 5s 1931. , 92 92
1000 Chill Cop 7s ..104 104
1000 C ft O cv 4B 75i 75
22000 C B & Q reg 4s 94 94
1000 C M & Si P
rftT 4s ... 67 67
5000 City of Par 6s 82 82Ts
10000 Frcli Rep 5s 98 97
1000 Interh Met 6s. 93 93
36000 Inter Mer M 6s 99 99
1000 Inter Agr 6s.. 73 73
7000 Lex ft Erie 6s. 94 94
1000 Lig & M T 5s. 91 91
714000 I.ll) llond 3s. 09. 6K 09.62
2860000 do 4s 94.48 04.18
2005000 do 1st 4...94.2H 04,28
46000 do 4 Vis ....08.34 08
10000 L.vons 6h 90 90
10000 Mllvvau Gas 4s 85 86
5000 M S P & S M6s 90 90
6000 Midvale 5s . . . 88 87
28000 Mo Pali gen 4s 57 57
1000 do 6s 1965 . 84 84
2000N Y C ft H 6s. 94 94
2000N Y C 4s "60 93 93
10000 do 1963 100 100
6000 fo 1964 .... 94 94
16000 do 1965 . . 99 99
2000 do 19G6 94 94
5000 do May 1967.100 100
2000 do Nov 1957.100 100
1000 N Y Ry ref 5s 22 22
2000 do ad 6s... 99 99
2000 N Y Tel g 4s 86 86
3000 Nor ft West 4s 80 80
3000 Pac Tel 6s ... 90 90
4000 Pa en 4s... 87 87
1000 Pub Ser N J 6s 83 83
1000 Pitts C1& gs 5s78 78
1000 Reading gert'ts 82 82
3000 So Pac cv 4s.. 795, 79
1000 do conv 6a, 90 90
2000 So Rwy gen 4s 61 61
1000 do con 5s.. 90 90
17000 Texas Co cv 6s 97 97
3000 Third Av nw 4s 54 64
1000U S Govt 4s. .106 106
1000H S Rubber 5s 79 79
5000 Un Rys S F 4s 84 84
3000 UK of GB&I 6s 99 91
82000 do 6s nw'19 99 99
32000 do 6s '21.. 94 94
10000 Va Rwys 6s.. 88 88
INTEREST IN LOCAL SHARE
TRADING IS AGAIN ATTRACTED
TO GENERAL ASPHALT COMMON
n
,i.
3. T
,i"
..i
i "'1
That Issue Advances to New High Record for This Yearl(
ot 572, but Front-Taking Brings Recession.
Steel Advances, Then Declines
ClenPrnl Aentinll nm.n, I....1. 4 1. - (.J 1. 1 .... lL. TlUtl. J.Ukl. 04tVLl
.. ....,,,,., i ..uiiiiiiuu iuui me ieaueieniJ un liiu x iiiiuuciiiiiiu, dvuvjv"
Exchange ngaln today and, outside of trading in Steel common, buslnestr''
transacted In other Issues was confined to small, odd lots. Tho General As-J
phalt shares were In good demand right after the opening and quickly atWj
lanced to 25, n new high record fdr J918, and more than 1900 sharriv
hanged hands by the end of tho first hour. Tho price, however, turned i
easier on profit-taking nnd the majority of sales were recorded at 25 andifV
244, but at that level there was good absorbing power which prevented,'!
further declines, until near the close when It dropped to 24. General Asphalt,?
preierreu was dealt In on a small scale nnd dropped back 1'to 58. luv
Steel common was slightly higher on fairly large sales before midday, butit
later, when that Issue turned easier on the hlg board, It sold off hero and de-j
cunea j points nelow Saturday's closing price. One small sale 6t Re
public Iron and Steel was made here, followlnir the activity and streneth
that StOCk On the New Ynrlr nvelinnir nt OO.V lit. S'. .i-hlta MMt.iln 3(1..
lost 1. iy
There was little of Interest in the sales recorded In the majority of homs'S
issues, OUtslde Of General Asnhalt. Rlncfrln Rtnrntrn Rnlterv. which hurl ra,,!
cently showed good strength, lost to f0 ex dividend, Lake Superior andVI
Tnnnnali UhIwahI ......... , . .. ... . . .. ... .. .... ..:fj-
-..,... wiii.ium weie uiicnangca, aiincnui gained , i'nnacieipnia Hiiectnoi
and United Gaa Improvement each were marked up a little and UnltedV
Companies of New Jersey lost . '
fjritltr! T'ltnni.ll u..a SIM . . . -. . 4 -
.1 .Hunan, irusi ccr 1 1 iicaies ere slow, out a trine nigner, wmie i
Philadelphia Tracllnn Uns linnhnntrr, 1nlr.n Tmr.U Inot 31 TenneirUtastmi&
Hallroad ndanccd to 44 and Lehich Vallev and np.dinr wrn both Inwur.
Liberty I-oan bonds were dealt Jn sparingly, with the 3s unchanged and 4
it io t uiJJllli-, tu Vt,
Philadelphia's Share of New Certificates V
In the carrying out of the new financial program of Secretary McAdoo, T
which provides for the fortnightly offering of blocks of $750,000,000 Treas-
ury certificates, bankers In the Philadelphia or third Federal Reserve District;
win oe expected to take nround $60,000,000 of such offerings. ,i
In the bebruary program Secretary McAdoo announced fortnightly offer-,
ings of blocks of $500,000,000 of Treasury certificates, and on those offering!''
the Philadelphia quota was put at $38,000,000. On the basis of a 50 per cent$T
larger offering tho Philadelphia quota on the next offering will be $57,000,000
of each issue. s J
. Total resources of the banking institutions In tho Philadelphia Reserv
District, according to latest figures, were $2,447,474,000. The resources weT
divided as follows: B29 national banks had $1,338,811,000 and 308 State insti-,.
luiions nau $i,ius, 664,000. -- j.
On the basis of 2 per cent fortnightly offerings Institutions In this dis
trict would be required to tnko $0f,l'SG,Sn0 of each offering. At the conclu
sion of the movement the Institutions' in this dl'-'rlct will have taken or
placed a total of $489,494,800 of the certificates
A better Idea of what is expected from Institutions in this district la
gained by reviewing details of the subscriptions In this Federal Reserve dis
trict to the six issues of Treasury certificates sild In anticipation of the third
Liberty Loan, as follows: January 22, $22,500,000, February 8, $30,000,000;
February 27, $33,000,000; March 20, $38,000,000, and April 22, $35,000,000.
The Federal Reserve Bank has delivered to date $224,775,000 of the third
Liberty Loan 4s
OLD CROP DELIVERIES
THE COTTON FEATURE
Spot Situation Continues to
Display Stability Weather
Advices Arc Favorable
COTTON IIKI.T WLATIIKIl CONDITIONS
New tork. June 17. The following
temiieraturei were recorded In the cotton
belt this morning:
Abilene, (18 1 Aurimlu and It llmlngtnn,
70i Oklnhomii nnd Mnion. 72i Port smith,
Chattanooga, Knowllle, Atlanta. Thomiis
tllle nnd Tumna, 74: Shrrteport. Corpus
Chrisll, Meridian, ( harleston, havnnnah
nnd Jnrksonvllle, 10: luiltenton, little
Rork, Memphis and .Montgomery 78: New
tlrleans. I'ensarola and Nashville, 80.
There was ,01 Inrh of precipitation nt
Nashville and New Orleans nnd 3,12 at
t orpin ( hrlstl.
New York, June 17
The -cotton market was Inegular to
day, with firmness In the old crop de
liveries a feature Trading vvur active
nt the outset, but It became quiet.
Weather and crop advices were favor
able The spot situation continued to
display stability.
It wbb declared that the demand, evpn
for low grades, throughout the belt at
a high basis has never been exceeded, A
large part of the stock here, Including
the certificate. Is believed to have been
sold for shipment and It Is said that it
Is going out of warehouses as fast as it
can be handled.
At the outset, July was up 32 points,
91 i August 46 points and March 16 points.
99,62 while other positions were unchanged to
04,18 i 4 points higher.
Close
92
87
86
85
78
87
80
75
97
91
92
92
104
76
94
67
82
98
93
99
7314
94
LONDON STOCK MARKET
. : .. . m
Oilt-Ldgcd bcrtion strong Other Se Al
curitics Display Firmness
London, Juno 17 Gilt-edge invest
ment Issues were strong on the stock
exchange today and other securities dis
played firmness
Kaffirs bhowed more stability, ex
pectations of an Imperial subsidy 'on
the production of gold offsetting v the
threatened Increase in wages.
There was subscribed to National
War Bonds during the last week ll,-1
616,000.
M
CHICAGO BUTTER AND EGGS
Chicago. June 17 11UTTKR Recelpts.'SAl
14.758 nibs Unchanged Vft
KGOh Receipts, 13 3S9 cases. Unchanged.i
flS
DIVIIIKMW
MH.SON A CO., INC.
I'ltlirURUBU HI-OCK DIVIDEND
The Hnurd nf llirprtnrn nf Wllunn A Cla..
lnc . has declared a quarterly dividend of 1
one und three-quarters per rent ln4) on
ns preierreu siock, pavaDie ,iiuy i, luia.
lo
at the
Checks will lie mailed
UCOItnp. I). HOPKINS. Hecretary.
Dated New York, Juno 13. 1918.
the preferred stockholders of, records
the close of business on June 24, 1918.
l.i;i II, AIIVr.KTI1KMF.NTS
1
94.26
00
90
85
90
88
57
84
94
93
100
94
99
94
loo
100
22
99
86
80
90
87
83
78
82
73
90
61
90
97
54
106
79
84
99
99
94
88
Total sales $3,350,000,
$,910,01)0 on Hnturdu).
rompared with
Cotton Buyers and Sellers
New York, July 17. July Ctvne,
Hartcorn. Kelffer. Russell, Sternbacher,
Rlordan, Sellar and Wilson bid; Schley,
Frederlckson. Rosenberg, Newman.
Rountree and Hartcorn offered.
August Hartcorn bid; Rosenberg
and Walker offered,
October Montgomery, Mitchell, Hart
corn, Brooks, Newman and Rosenberg
bid; Downs, Cassard, Qumoens, Young,
Einstein, Cone, Fllnn, Kelffer, Travers,
Parrott and Geran offered.
December Brocks, Burnett and Ro
senberg bid; Rlordan, Fllnn, Sellar and
Schlll offered
January Guild, Hubbard and Hart
corn bid ; Wenman, Schlll and Brooks
offered.
March Cone, Montgomery , Wilson
and Sellar bid; Hartcorn, Schlll, Geer
and Rosenberg offered.
May Cone bid ; Montgomery offered.
- Liverpool Cotton
Mverpol, June 17. Spot cotton was In
fair demand, with prices Arm at an ad.
vance of 9 points for middling, old con
tract, at 21.97d. Sales were 2000 bales.
Recelnts. 17.000 bales. Includinr 11.200
bales American. Futures .were quiet In
the early dealings. Old contract, spot
rices were: ai
l.zsd', good
i(S. WW 4S
The volume of business subsided
shortly after the opening and later fluc
tuations were irregular. There was a
disposition to sell crop on the line weath
er reported In the south and the tenden
cy to take profits on long cottonWas
iiitjrally In evidence, as prices made
new high ground for the movement on
the opening ndv-ance.
The si length of July, which Increased
its premium to about 200 points over
October, was a sustaining factor, how
ever, and the undertone was generally
steady at reactions of some 15 or 20
points.
The receipts at the ports for the day
are estimated at 10,000 bales, against
10,602 bales a week ago, 5092 bales a
year ago and 8263 bales two years ago.
Saturday's
close Open Hish I.ou close
.20 .15 2(1.30 28 73 20 42 28..1I)
.24.78 24.44 24 50 24 03 24.05
,24 40 24 70 24.83 24 43 24 5T
,24 00 24.25 24.21) 24 01 24 01
.21 93 24 37 24,40 24 15 24 20
.25 90 28 00 23 90 28 00
25.30 . .
KM-ATE OF WILLIAM C. CUA10E,
, uriru.ru ijciicib icmuiiiciiiMiy un
I the aliiue estutp havlntr been arantpd to
MAIlY 11 CltAIGK. all persons Indebted to
the said estate are requested to make pay-i
m.nt nn,l Ihn.n hmliit- plulm. In nr.unl
the same, without dela. to
Till; I'llOVIDKNT 1.1KU AND TRUST O-
.IOMI-A.NY Ul'- rillL,AUi;i,l'lIlA.
Attorne-ln-ruct for MARY 11. CltAlOE,
Executrix. 409 Chestnut St., Phlla.
.V. T trwl 4 .. ,.!.. k lifll! ID Wt.4 ?
'r,T .ii IK O, 4.Vli4. liU I 10
Iirtriisru i.eitera leBiuiueiiitiry un
the above esttito having been granted to the !i J
umiersiRned, hu persons Indebted to the $l
said estate are requested to make payment, 1
and those having: claims to present the ,i
same, wunout ueiay. at ine omce ot tns
corporation executor, 409 Chestnut St.,
Philadelphia.
MARY L. I.nVIS.
THE PROVIDENT LIKE AND TRUST
COMPANY OF PIlltiADKLPHIA,
ABA H. W1NIJ. President. J..h
Executors. "$
LSTATK OF MARY 'A. FREE. '-(9
deceased Letters testamentary nn x,l
tne above estate having been granted to the
undersigned, all persons Indsbted to the said
estate are reouested tn make nnvm.nl. ana
those having claims to present the asm,
without delay, tn
mi. ir.oi i -iiii.itijr.i.i-riiA . uibli Anu '
TnnfiT pniipivr f
S W Tor. 40th st und Lancaster avu.
AUOUSTUM I WOOD. President.
July
October . ,
December
January .
March .
August
September
Price of Lead Advanced
New York, June 17. The American
Smelting and Refining Company has ad
vanced the price of lead from 7 to
7 82c.
Todav
N. York (cts.) 99
London vpee ) 487i
BAR SILVER
Last
Mon
99
48
Rat
99
49
10l8
Hish 1-mv
90S 85
40 42
nd J.
tJCS7 EhT.VTK OF WILLIAM C. LUTZ, SA
- uritrssrii uriiris iro in IllCIllsliry Vtm
um ttunm pbihib nnxnif Deen ffraniea io tnt
underalgned. alt persona Indebted to the aid
fstHie are requested to make payment, imITiCJ
those having claims to present the sama, jcJB
wunoui neiRy to - t
Tim WEST PIULADKLPHIA TITLE AND '
TIIUMT COilPANY. Ml
AUOUSTUS I WOOD, President. 'Al
,13S F.STATK OF IlKNJAMIN FRANK.
li:' M.IN 1'F.AHRON. deressed Letters fj
testamentary on the above estate havlna
been granted to the undersigned, all personi
Indebted to the said estate are requested tl
mo La nn a tnant ntirl IKama s4mlM U i
I'Hiiitiiti Bisvi iuuoi; imtimi vismiiaa ifj , r
nreent th samn without delay, to
THE WEST PHILApHIsPHIA TITLE AND
uiunr,t ujait ana i..
MT NELSON 'PEAHSON. Executors.
S W. Cor 40th t and Lancaster ivi. A
'K3 KSTATK Or (IIAHLK8 II. HAN 2f--";
NUM. dereaed--Lettera of admlnls- j
tration c t a on the aboe estate havlna 5
been granted to the undersigned, all personi 'r
Indebted to the said situ to. nrA rsmisitsrl rA,'-
ITlIlbn njVtnant atml thnsa Imulno ntaIu . tT
pr-ent th same, without delav. to j3
TIIR WRfv'P PHIt.AllRI.PMIi TtTl.tf iMB
TRUST COMPANY.
d. w or slum st ana Lancaster ave. ri-e H
WUUf.UM t "UUI'l I ICDlUrillf 1
"i?
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JONES & BAKER
SECURITIES v
Widener BWj, PhiitdelpnU
'P tones Dsll, Wslout 10 .
'hentoDl. Baca 2-90.
new Torn
Chleas;
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Plttakantk- .....
S.62 8.
8,t a.
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Ruble notes were dull mnrlj nncsnisi
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