"- FP '5 viyVrFF?
WW,
- - -I- ," , ' '",,, 1 - Tar "1 -77 WPH,
J--
i
W-irrv
f
Y . .
L.!fc3&,:L.. .w.....i3e
K
.yt. .li
-i--
vCTTTT
iiattt
- " &r , . r.i.
aviAxw i.i riiiri.i t.itxf n iiw ' iaiajT 1 vvj,via; Mrrm rs m t.twx n
ltcittlrttttTf-
fro iyr i7j& ruMsiYK,iL wuvl,u ivew luixil Jisu r,
-m
-
n 1
K v-
w
s ' ""..
NTRAL
ist and Savings
Company
June 29, 1918
lfind Re-
re .v $1,245,537.07
i4sfments and
Leans
-
7,563,980.09
v.
.:
&
& ''
$8,809,517.1(5
rtal $750,000.00
lus 525.000.00
Bird ivided
profits 75,491.52
iposlts 7,367,679.66
Liabilities.. 91,345.98
E
K-
,'Trust Funds
ra
"i"S&
1 fv
""wLML" YORK
M rr.rrTSliiiRr.il
illi" CHESTER
$8,809,517.16
.$3,585,283.70
DIRECT
l'KIVATB
MIRKS TO
rRINPIPAI,
M RKET"J
RECOVERIES IN NEW YORK STOCK
PRICES ARE FEW AND SMALL
AFTER DROP IN EARLY TRADING
Mexican Petroleum, International Agriculture arid Su
perior Steel Are Among Firm Features Midvale
Steel Shows Underlying Strength
:ERR LAKE
BUCKEYE
r SILVER
l , HISTORY
Hoiv It became p medium of et
rhanse (Montr). Relation to the
World liar. Payment of Onr Orer-
;, 8a Force nnd all other llelllger-
nents.
i Demand
' or China, India. Japan, etc.
Present World Snpply
. Operatlnr .Minn.
Effect of I'lltman Rill
U. B. CfOTernment Axes price at
ove ini.i..K itr nrxrr.
Fntnre Fnurce of Trodurtlon
' Their Possibilities.
1 Booklet on ".illirr" u ilrrlhfd
bore will be mailed FREE ON
BEOUXST.
fmmis
; ?irXt
High Points in Today's Financial Netvs
fitock prices uctc generally lower on Xcio York exchange, after open
tng sllghtlj higher, Prospects of higher money rates un blamed. Busi
ness on the Cmb was confined to a few Issues. Cotton declined sharply on
reports of bumper crop. Corn and oats u.crc off Foreign exchange was
dull. An extra dividend of tin, payable In (Vi per cent Liberty Loan
bonds, was declared by director of the Delaware, Lackawanna and West
cm Coal Company. Loans decreased In the Philadelphia weekly banJ
statement. Bar silver was unchanged In Xcw York and London.
c
New York Stocks
New York, July 8.
There were n few spasmodic recoveries here and there throughout the
list In the afternoon stock dealings, with Mexican Petroleum rising,
more than a point above Its low figure of 99H. Other firm features In
cluded International Agricultural, which regained about halt of an ex
treme advance of 1 per cent, and Superior Steel, In specialties, was. well
bought
United States Rubber, nfter reaching a new high for this move
ment of 604, dropped to 69H, and Marine preferred not only lost all of
the earlj gain but sold slightly under Saturday's final figures.
Midvale Steel was one of the exceptions In retaining a degree of
strength But there were net losses of 1 to 2 points In Bethlehem Steel
"B," Baldwin Locomotive, and Crucible. American Sumatra rallied a
trlOe from the low point.
United Stutes Steel regained the smallest fraction of an extreme loss
of 2H points. With the progress of the day more attention turned upon
the Influence of the money market as affecting stocks
Mones was reported stiff Follow ing last week's heavy shifting of
funds Incidental to the Government's operations it was recalled that $450,
000,000 of certificates of Indebtedness are due on Tuesday, and the Gov
ernment Is understood to have called for one-halt of the amount from
the depository Institutions
In the railroad list there was little feature aside from Reading, which
dropped nearly 2 points
In the bond market United States Steel sinking fund Es eased oft
to 99. United States Liberty s were falily active, declining from 99.60
to 99.58. The 4s shaded from 9110 to 94 08, and the 4tii declined from
9C.20 to 96 16.
High
Ad Rumely pr 40
Alaska Cld M 3H
Alaska Juneau 2H
Allls-Chlmers C S3
Am Ueet Sugar 70V4
Am Can 48
do pref . 03 v,
Am U & F Co 84 7ft
Am Int Corp. r4
Am Cot Oil pr 81
Am Hd & Lth 18Vi
do pr 19
Am Linseed . 41
do pr 80,
Am LecomotUe 0
Am Malt 8Vi
, do pr . 48V4
Am Smpltlnir- a iu
'ini Hum Tnh
1 Am Steel Fdry
I Am Sugar
do pief
Am Tel & Tel
I Am Woolen
I Am Zinc & L
I do pref
i Anaconda. . .
Atchison
do f
Atl Coast Line 01 Vi
ii u w 1 10
Ualduin Loco 034
Balto & Ohio S47.
Batopilas Mln lft
"einienem sil 84
Low, Clone
0V4
3
1
38
'OH
4H
03H,
84H
51
81V4
18
18
41
801,4
87
8
48
18H
Nt
chef
4044 1
3'A
2
SSft
104 44
41V
034 2?4
844 ..
54 Yi.
814 4
Yi
18
10
41
801ft
61
8
484
104
1
4
14
44
New York Bonds
u
138Vi 1314 134
08 61 1 14
114 1124 1124
1094 10'i 10')ft .
D0i O.-.Tb 90 '4
S14
20
S3
9ft
844
B-SV4
814
10
S3
814
84i
8J4
91
105
D0
54 Vt
l4
8i','
do 8 po pf 10Tft 107
5 19JB ,
ItViir Pi-,7r?-iSr?:JI A -
DEALINGS ON CURB ARE NOMINAL;
INTEREST CENTERS IN FEW ISSUES
U$to AVIdener Bide- Phila-, Pa.
If W.lnl JtKC I?nro R1PR
Cbeater, Ta., 602 Crorer Did.
Dell, rhone 2213
fcWM
m:
W 3i5il a
vf,Bt:i- . . -...
R!!AFTNA FXHIHSIVhS
.rCompmrllon ol monthly eamtnft
JJ'n.aate. Acuevcmenia oi neceivcri.
ntm SCtua of tne pommon siock.
Combination of itron
financial interests nego
tiating for control?
Present Receivers to be
discharged?
Receiver Odell slated for
presldency7
Our complete analytical report
all of the above ana ait-
war prospecrs or
Buying of Wright - Martin Attributed to Insiders.
United Motors, After Show of Firmness,- Turns
Heavy Pierce Oil Up on Fairly Active Deals
New York, July 8.
Dealings on the Curb today were In the main nominal and centered
in about half a dozen issues.
Wright-Martin was a feature, advancing H on buying attributed to
inside interests. Curtlss Aeroplane opened up about a point. New York
Transportation, after advancing to a new high for this movement, broke
24 points. Burns Brothers Ice was fractionally better, but Chevrolet de
clined 3 points. '
United Slotors, after a show of firmness, turned heavy.
The main Interest In the oil stocks was In Pierce, which rose 4 on
fairly active dealings The rest of the market changes were negligible.
INDUhTItl.VI.S
W
! rover m
Thjrt jsra the vost-
V&ra manufacturinn veace commodities,
ti- V( 1 -ftfSim fnnrf tnUt nifm tnti ft 11tjt
LpS" "? "" """ ' " ". '""
!rir- J09 "1 company's ajratr ana tne
. lisrf
rwi
market for its stock.
the asking.
Yours for
'Clip this ad or meiiffoit AE-iS
Members Cons, Slock Ex. of N. Y.
fas'Widentr Bide., PhiltdelpUt, Pa.
Phs.t Detl.Wal. 4080i llry.. Rare 4080
N. V. Oince SO Broad bt.
Prlvato Wires,
I,-,
$
Vi
Have you looked
sri. - l x r
B4tfiiu luc merus or
Vat
WWERCE OIL?
Bs Hlfl , A 300 increase in earnings
reported for first five months
this year over same period last
year demonstrates the rapid
progress being made by this old
established company.
Extension of the comnanv'i
S operations now under way and
planned indicate likelihood of
still greater earnings. Book
value of share more than twice
I j) current market price.
Further information on these
and other important rectors
; having much to do with present
and future value of Pierce Oil
j Stock is clearly set forth in' a
specially prepared report which
will be sent upon request.
Telephone? rail or irrlte
for Report T.U.-ISI.
JONES & BAKER
' MtCUIMTIISI
i?WidenerBldg Philadelphia
X Tbooe. Bell. Wilnnt 10
?- Krritooe. Ttice r."JO
I AetnR nxp!osles
Am Brit Mfg
Am Marconi
Am Writing Paper.
Air Reduction
Can Car Co
Can Car & Fdy pf .
Charcoal Iron
Chevrolet Motors
Cramp ...
Curtits Aeroplane
Caren Tool
C.-.rhon Steel
Kmcrson Phonograph
Hendep MTg
Lake Torpedo
Lehigh Coal Sides
Lima Loco . .
Maxim Munitions .
Marlln Arms
N Y Slllpbldg ..
Nor Am Pap Pulp
Otis Heator-
Peerless Motor . .
Toole Kng . .
Scrlpps Booth
Standard Motors
Steel Alloys
Submarine .
St Joseph Lead
Todd Shlphldg . .
I Triangle Film . .
Unit Prof Shar .
1 S Steamship .
United Motors
. United Sugar
1 World's Film
Wright-Martin Air
Z'nc Concent . .
134
3
34
t
in
25
10
8
133
80
39 4
124
1
10
4Vi
18
4.1
10
80
41
15
50
13
12'.
5
164
144
80
A
324
30
10
1
Sat rlon
Ask (sale)
13
(1
3V4
24
73
35
80
84
135
85
40
84
128
20
4
83
48
4
80
42
24
52
11
10
17
12
R
17
15
93
4
flVft
32
33
4
10
13
135
30'
16'i.
n
32 4
10
T
1 Illinois
Ohio
Prairie Pipe
Standard Oil Cal .
Standard Oil N J
Standard Oil N Y
STAMIARD Oil.
103
322
253
913
5"'
200
iXDErrxnEST on.
Barnett Oil & C!as . . f,
Cosden & Co . . 64
Elk Basin 6
Federal Oil 2
Inter Petrol 14
Houston Oil 7
K8
328
256
220
528
272
STOCKS
4
BVi
24
14
68
6
24
074
INIKPKXDnT OIL
Merritt Oil .
Midwest OH
Met Petrol . . .
Ohio Fuel . . .
Oklahoma ltef
Sapulpa Bet .
Sequoyah . .
Sinclair . . . .
.STOCK1! COXT.
Sat. clop
Ask (sale)
27
116
1
11
1
8
Bid
204
.114
- 1
. 12
- 1
8
. 184
194
MIXIXO STOCKS
Atlanta . ..
Big Ledge
Butte Xew Tork
Con Ariz
?F S & Jerome
Irst National
Ooldfleld Merger
Ooldfleld Cons
Coldfipld Florence .
Ooldfleld Kewanns
Green Monster
Hecla Mining .
Howe Sound
Independent Lead
Jerome Verde
Jim Butler
Jumbo Extension
McKlnley Dtrragh
Magma Copper
Mother Lode
Mines Co of America
Xcada Hills
Neada Wonder
N'lplsslng
Ohio Copper
Bay Hercules ,
San Toy
Tonopah Extension
United Verde
West End Con .
White Caps
5
1
i
l'
1
1
'ft
in
"Ms
4
4'
3
62
8
40
SI
3;
m
5
8
T'a
4
10
1U.
39 4
94
iioxdi
Bethlehem 5s . . 09
Cos-den Oil (is . 77
Cosden & Co 6s. . . 77
Cudahy 5s . do
Russian, rot 52s 43
Russian GoM 6p 43
South Railway 5s 08
Sinclair Oil 6s 75
Todd Shlphldg 6s 00
10
1"
Ii
2i
3 ,
i
13
3
4i
44
4
6
10
43
34
37
1
10
IV.
8'
1
44
12
1
41
06
ft
904
8t
81
00
47
47
084
80
00
urooxiyn R T 38
isootn Fish CJ 2
Burns Bros 121
Brunswick 12
Butte C & Z Co 12
Butte & Cu Cop 29
Cal Petroleum. 20
Canadian Pac. 147
Cent Fdy pref 464
Cal Packing Co 41
Central Leather 71
Cerro de Paslo. 34
Chcsa & Ohio . 56
Chi Gr West pf 244
Chi M & St P 42
Chi M & St P pf 744
Chi B I & Pac 23y4
do 6 pc pf t c 02V4
do 7 pc pf tc 134
Chile Copper 11
Chlno Con Cop. 41
Col Gas & EIic 324
Corn Pred . 424
Crucible Steel . 69
Cuba Cane Sug 31
do pref . 814
D L & W. 161
Den & K G pf. 7
Distillers Secur 58
Erie 1st pr 324
Cast Williams 20
Gen Clg Co . 47
do pref .. 994
uen .Motors lr
do nr . . 8
Goodrich. B . 45
Great Xorth pr 904
do Ore subs 32
Hask & Barker 43
Illinois Central 90
Int Agrl pr 0l"V
Insplra Cop 56
Int-Cons C pr 37
Int Har of X J 127
Int Mer Mar 284
do pref . 104
Internat Paper 36
Int Xlckel 31
Kress S II 55
Kelly Spnfg pr 81
Kennecott Cop. 33
Lack Steel 84
Lehigh Valley. 684
Max Mot 1st pf 57
do 2d pref 22
Mex Petrol 103
Miami Con Cop 29
Midvale Steel.. 53
-Mo Kan & Tex
Missouri Pac . .
i do pref
Mont Power .
Xat Acme
.Vat C & Cable
Xat Enam & S
Xat Lead
Nev C Copper.
X Y Air Brke.
Xew York Cent 73
X Y X H & H 384
Xorthern Pac 88
Ohio Gas ... 37
Ontario Sller 11
Owens Bottle 61
Pacific Mall . 29
Penna B B . 44
Pere Marquette. 13
Pitts & West.. 3(1
do pref. ... 79
Pierce Arrow . 404
By Stl Spring 62
Bay Con Cop. 94
Beading 03
Bep Iron & Stl 04
Iloyal Dutch .1054
Saxon Motors . 8
. , St L & S F . 124
J i Seab Air L pr 1.
Y , Shattuck Ariz 16
Sloss-Shef S & I 634
Sinclair Oil . 34
Scuth Pacific 81
Southern R B
Studcbaker
Stutz Motors
Sup Steel
Tenn C & C
Texas R. Pacific 16
Texas Co
Tob Products 05
Union Pacific 1224
Unit Alloye Sil 394
Unit Clc Kiors 1U2V4
United Fruit .124
USC IP&F 15V4
U S Ind Alco 1254
U S Bubber 604
do 1st pref 105
U S Smelt & B
U S Steel
do pref
Utah Copper
Utah Sec Corp
Va-Car Chem
Wabash
do pref A
do nref B
West Maryland 14
west un Tel 88
Westghse Mfg 43
west yac to 22
Worthn P & M 514
Wilson Co . 62
Wllls 0erland 20
21
109
8
234
5r
Or
24e
8c
34r
30c
8
11
4
10c
14
03
29e
99
38
23
121
12
124
28
IO14,
1464
40
41
694
31
56
24
4i
14
2S
62
73
16
40
324
41
07
314
81i
161
7
58
32
20
47
9 '14
113 152
82
41
on
32
42
96
60
65
SO;
127
27
102
30
30
65
81
334
84
58
57
21
U94
20
2
f'
23
65
66
30
18
52
60
20
126
73
374
86
37
11
61
20
43
13
35
70
30
61
244
91
924
105
8
12
18'),
16
63
32
83
23
45
40
43
20
16
514
194 V4
A3
68
84
824 4
91
103 1
91 tH
04
1
83 1
105 1
88
23
121 1
12 ,
124
28 14
,.19
140 1
40
41 1
:o 1
31
60 1
24
42
74
23
62
13
16
10
32
41
084
31
81
161
1
.18
32
29
1
1
-3
Hlah
12000 Anglo-Fr 5s. 924
,?2S!!2Am FrSecSs. 07?,
X5222 Am s"l Sec 6. 88
7000 Am Tel clt 4s. 83
JJJ!Am T & T 5s 884
9000Atchls6n g 4s 81
25" . do adp 4s 7B
lOOOAtchi cv 4s '60. 85
1000 Atl Co L 44s 784
IJOJ do 1st 4s 11
2000 do clt 4s .. 71
6000 Bait & O 3a..87
24000 do 6 784
4000 do 48 .. ., 77
1JS25d0 cv 4 . 794
4000 Beth Stl 1st 6s 954
.1PPPJ3rk RT 6s '18 06
1000 Bk U IElst6s sta 75
10000 Can Gov 6s'21 96
2000 do 5s '31.. 91
10000 Cent Pao34g. 86
1000 Cent RB NJ5s.lul
JJOO do reg 5s.. 101
1000 Chili Cop 7s. 108
1000 Ch & O cv 4'4s. 754
2nnnches& Oh 5s . 96i
. 2000 do cv 5s. . S0'4
2D0O Chi Ot W 4s 59
8000 Chi B&Q it 4s 94 i
3000 Chic R It 5s . 814
2000 Chi M & St V
rtd 4'4s .. 67i
1000 Col & Stiu 4s. 71 4
1000 Del & Hlnc 5s. 21
2000 do rfd 4s .. 59
1000 do 4s . . C74
2000 Erie cv 4sSerD 53
1000 H &. M rfd 6s 504
1000 Hock Val 4'4s 754
2000 111 Stl deb 44s 82
1000 Indiana Stl 6s 04
1000 Iowa C ref 4s. 444
2000 III Cent rfd 4s 784
12000 do 4s 1953.. 71'4
1000 Int Met 44s., 51
4000 Int R T ref 6s 80?.
67000 Int Mer Mar 6s 08
1000 Kan C So 5s, 79
2000 Kan CT 1st 4s 74
15000 Lacka Steel 5s
1913 ... .964
1O00 do 6s 1950 . 02
16000 Lk Sh gen 3Hb 73.
3000 do 4s 1028 854
2000 do deb 4s '35 834
1000 do deb 4s 'Jl 83'4
1000 Lig & M T 5s 91
116000 Long Isl 5s '37 70
789000 1.11) Bond 3s 00.60
838000 do 2d 4a . . 94.18
117000 do 1st ct 4s. 94.10
071000 do 3d 4s . 90.26
1000 Midvale 5s .. 87
4000 Mo Pac W L
5s 1923 .. 91
5000 Mo P gen 4S. 58
6000 Mont Pow 5s 88i
2000 Xat Tube Bs 04
Low
92 V,
07
R7H
834
88
80
75
85
784
77
70 i
864
784
77
70
0Bi
96
78
954
01 V
86
101
101
108
7514
06H
80
5 3
Close
92
97
874
11
A
85
784
77
70 J.
864
78
77
704
05i
96
78
954
01
86
101
101
108
764
06
'80'i
59
94i - 044
814 81
67
71'4
21
59
674
53
50 '4
754
82
04
44
78
71
51
80",
08
79
74
06
02
73
85.
83
83
01
70
00.52
04.08
04.08
,67
71
21
60
674
53
60
76 i
82
04
44 4
78
71
51
80
08
79
744
064
OJ
"3
85
83'4
83
01
70
09.54
94.10
04.08
Ph
'tiladelp,
hia Stoclts
Net
etijee.
- 4
Hljh l.w Close
12 Am Gas. 68 074 674
30 J O Brill 27 21 21
is Cam Iron 40 40 40
OSSKlec Stor 544 6S4 M
400 Erie . .. 15 154 154 .,. .,
1810 Gen Asph 35 31 34 4
813 do pref 71 oo 70
IS Ins Co of
X A... 27 27 27
2655 Lake Sup
Corp. . 10 19 10
lOLeh Xav, 68 63 68 ..
125 Leh Val 69 68 " 68 -
Xev Cons .. .. t204 ..
08PennRR44 44 44
625PhllaEIec 24 24 24
leOPRTtC"25 23 25
Ph Tract . . . . t68
10 Reading. 01 01 91 1
120 Ton Bel 3 3 3
60 Un Tract. 37 374 37 ,.
41 U O I . 63 05 65
2136 U S Steel 107 106 106 1
W X Y &
Pa tl3
6W Cramp 83 83 83 ..
tQuotatlon glen Is Saturday's close.
Tfttnl nt. f).9R tliarM. rnmnnrpri wlfli
5.023 shares on Paturdar.
DOXDR
Hlffh Low
Close
71
61
S3000 Bald Loc
1st .6s 100 100 100
20000 city 4s
1041 r. 07
1000 El & Peo
Tr 4s. 71
6000 Inter Rys
4s . 36
2000 Lake Sup
inc 6s 33
560 Lib Bonds
34s . 00.30
21300 do 1st 4s 03.70
10400 do 4 lis 06.20
1000 Pa Co con
4s 'CO 05
14300 Phlla Eleo
1st 5si 03
2000 Un Bwy
Inv 5s. 60
2000 York, Rjs
1st 6s 80
Net
chut.
07
11
55
09.20
03.10
03.80
4
09.60 .30
04.06 .08
06 .20
03
1
50 N
80
59
89
. Total sales. 65.150,
6.10 on Saturday.
compared with 812,-
06.04 96.10
87 37
Local Bid and Asked
47 ri-UMOOO X Y C & M 6s 04
vg V l
I
1
6
23
61
06
30
20
63
60
20
3
09
164
82
4.1
00
32 "4
43
06
60
61
30 2
127
.4 7
103
3(1
30
51 1
83 .
33
84
68 ,
67
214
1004 1
20 j
53
6 i
23
65 ..
no
30 1
10 1J4
52
00
20
125
13
38
80
31
11
61
20
44
13
35
79
40
61
24
02
03
000 X Y C 4s 1959 91
iiUUO do 44s 1064 Ofi
1000 do 4'4s 1966 0G.
1000 do4HsM'y'64 82
1000 do 4i4sXov'54 82
2000 X Y X H & H
4s 1956 61
2000 X Y Ry adj 5s 23
6000 X Y
V
Y T pen 4 1n Rfil.
1000.X Y W C & B
01
58
88 i
01
94
01
96
96J
82
82
61
231.
861-
91 American Stores
Ks !lrl" J . ..
. Hurt & Susq t e
8 Ji do pref ..
04, Baldwin .. .
r.iecinc storage
Oeneral Asphalt
"u yi
04
91
0654
96
82
82
Kej stone Tel
do oref .
Lake Sun Corn
a
52
80
60
85
88
70
83
82
64H
74
71
67'4
80
69
85
88
79
84
82
64?J
68
4s K?l
6000 X Pac prior 4s 81
1000 do gen 3s 60
1000-Penna is 1948 85
1000 do gn ct 4s 884
2000 Pub Ser XJ 5s 70
2000 Bead gen 4s 84
1000 Bead-Jer C 4s SV
1000 RO & W 1st 4s 64-
1000 S L I M&So 4s 74
1000 do Olf 4s 71
7000 SL SF alt 6s 68
1000 do gen 4s ..100 100 1004
inoo do gen 6s 100 iook, innn.
mOO rfn r.r Rc, O- n " r,- -
"--" " r,w .o.. .7, u y
iuuuu no -is ser A 59 50
6000 do 5s Ser B 74 74
J&i &1.?... " "k4 HO 30UiR St.
,A '7S -7s
jimmj uo cv IE . . 70 i
4noo do rfd 5s . 78
3000 do Term 5s 62
1000 So By gen 4s, 90 "
3000 Third Av al 5s 36
6000 Tol SL . W 4s 47
6000 u SRubber 6s. 100
23000 do 5s 79
18000 US Steel SF 5s 90
1000 U S Stl mlg ct 28
15000 Union Pac 4s 85 "
1000 do cv 4s.. 84
20000 dy rfd 4k . 79
11000 UK of OB&I58.99 18
16000 do 5A 'in 977
12000 do 5s nw'19 994
"0000 do54s '21,. 94 .2
5000 Wilson cv 1st 94 '4
LehlEh AVlffnt(in
i-eniKn valley
I'nnn.vKonl.
61 Phlla Klectrlo"
214 I'hHa. Co
8614 i '" cum Pref
do uref ... .
o Phlla R T t c
"- z .leaning
Ion. ltd . .
Ton Jrin . ...
Union Traction
Unl (las imp
U S Sleel
York Ilwy .
ao pret
Today Saturday
Bid Aak Kid Ask
26 80 L'fl V!)
ai, 26'4 117 28
00 01 HO 14
4S no 48 no
JH. OJ'i 03JI 113
53 64 53 61
34'4 34 345 HI
70 7U'4 . 00 70
8 8V4 s ni-4
47 50 47 .10
l4 IDS to?i 14
l8'5 1.0 684 "0
385 no, 584 ."iH,
24Ji 244 ai. -J44
21 214 V S"
- , 02J 2 5
24 2. 24 2s.
37. 37 37 3S
nr, iwii. itt itt.
Wm Cramp 4 Son 81
1064 ion. 108S Ids'?
74 04 74 W,
31 3j
31
84
PHILADELPHIA INACTIVE STOCKS
Following arc quotations for inactive
stocks Jlsted in the Philadelphia Stock
Lxcnange and In whlcn there were no
transactions tnrin- The m-li-a vli..n la
Ciu.l'he last previous colse:
74 AG war .... 1 Littlo Schuyl
i '.
Mliance Ins.. 194 Midvale
794
784
624
90
36
47
100
70
98?,
28
84 .
84
70
99 IB
07 ,
904
94
9414
704
78
62
90
36
47
100
79
08?4
28
84 ?4
84
70
00.13
974
904
04
04
TMnl nles. HI.101.0C0.
I S2, 187,010 on Saturdas.
comnirrd with
24
47
40
44
204
153 153
03
10
8
124
18
10
634
33
83
23
40
40
44
204
10
153
63
121 122
1
9,
On
'S
1
V,
48
51
Gl
30
10
86
Mlnehlll
X J & S
Xev Cons . . .
Xo Penna . . .
Pa Salt M...
Ponn Traffic.
Phlla Co ...
Phlla Co c pf.
1'h Co cum pf 3 1
Ph fi. West... 6
2?.
20
34
Am Rwys pf. 68
Amer Stores, 29
Amer Strs pf. 92
Baldwin pf.,100
Brill J. G ... 27
Buff &. S t c. 04
Buff &S tcpf. 48
Cam Steel. ...131
Catws 1st pf. 62
Catws 2d pfX 54
Con Trao X J 66. 4 Hwjs Co Gen.
Ht & B T 10 Ton Mln 3
lit B & T pf. 17 U S Steel pf.110
Key Tel pf.. 60 Union Trac 374
Key T Co .. 8 War Ir & Stl 8
Lit Bros 254 West Coal ... 74
Leh Val Tr.. 20 York Bwy .. 9
Leh Val Trpf 264 York Rwy pf. 31
COTTON CLOSES ABOVE
BOTTOM ON COVERING
-r
PRICES TURN DOWNWARD IN
THE LOCAL STOCK MARKET
FOLLOWING EARLY ADVANCES
Lake Superior Is Quite Active and Declines to 19 Gen
eral Asphalt Common Advances to 35, Then
Weakens Storage'Battery Off
The local stock market turned downward today following the trend In
New York after the leading stocks had advanced' at the opening. The fAct
that Wall street traders had become worried becauso of prospects of higher
money rates was largely blamed for the lower prices on the big board, and
It was natural that the Philadelphia transactions, should reflect the uncertain
feeling demonstrated by tho action of United States Steel, Bethlehem "B"
and other Important Issues.
Lake Superior continued aultn active nnd. with Rnn.mi A.nv,.i ...
.Electric Storage Battery, made up the bulk of business "in homo shares. ' But
o.. o. oupenor Drought losses In prices from early In the session, and by
mldafternoon It had declined to 19. General Asphalt common, which sold
as high as 35 early in the day, dropped back to 35, and the preferred, which
made a small gain to 71 against 70 on Saturday, declined below Satur
days final quotation. Storage Battery, after changing hands without loss
or gain In the forenoon, also took the downward course and yielded , not
withstanding reports of unusually large earnings during the six months
ended June 30 and exceedingly large orders on hand. Just before the close,
however. It picked up Its loss.
Steel common did not show much momentum early and later activity
was at the expense of Its price, that usual leader declining more than 2
points. Reading was also iveak, although slow, and It sold off nearly 1
points, and Pennsylvania dropped i On tho other hand Lehigh Valley and
Erie were unchanged. .
Philadelphia Electric was a trifle higher before midday, but later lost
Its gain, while American Gas, J. G. Brill, Cambria' Iron, Insurance Company
of North America, Union Traction, United Gas Improvement and "William
Cramp were all unchanged. Rapid Transit certificates declined a fraction
and Tonopah-Belmont was marked up .
Liberty Loan bonds were lower, with the first 4s losing most and de
clining to. 93.70. Bhlladelphla Elec'trlc first 6s advanced 1 per cent. In
terstate Railway 4s sold at 36, a new low point for the year.
DIVIDENDS DECLARED
Continental Ttertnlnir ComDanv. ririttr
monthly of 10c on common, payable in crlp
Company,
Juiv ID to stock ot record June
FUhr Ttodv Coroorntlon. rpciitnr niiarti-lv
of 1$4 per cent on preferred, payable Au
gum 1 to stock of record July 23.
Pittsburgh and West Virginia Railway,
regular quarterly of per cent on pre
ferred, pis able Aucuat 31 to stock of record
August ir.
Arizona Commercial Mtnlnc Company,
uual quarterly of SO centa a share, payable
July 31 to holders of record July 20.
Insurance Comnanv of North America,
reuulnr semiannual of per cent. paable
Julv 15 as registered July 8. Hooks close
Julv 8 open July I).
Kerr Lake Minim? Company, regular nuar
trlv of 2"c a share, nayabte September 10
to stock of record August 31
LIVESTOCK QUOTATIONS
Oilmen. July 8 HOOS rcelpt. 33
00" held, left omt. 2W hMrt. Unenly
hlBher Mom. n2-c hletw-r Top, $17 40;
bulk. HH.ROif? 17.30, butcher hnw, Jlfl 05
W17 50. packing heay, tn 30 ll! 70,
Hunt, hncon mixed light. M7W17 40. phjs,
JIB 1'IOTtO 00. roush, 11.1 7.Q10 2"
CATTL.E Receipt". 10,100 head. Heat
beef Rtcera fully steady, others dull, Coua
KteHdy little higher, heifers weak; bulls
steady,
SHEEP necelpts. IS 000 head Slronj.
21c higher. Idaho lambs sold at SIS 75.
South Omaha, July s HOGS Receipts.
11. 800 head. Market JffTIOo higher.
CATTI.K Receipts, .1200 head. fileadv.
8HKEP Receipts, J0OO head, steady to
strong'. .
Kana City, Julv 8 CATTLE Receipts.
10 000 head. Steadv to weak
HOOS Receipts, 13,000 head Closlnc big,
10c hUher
FHCCP Receipts. 0000 head. Steady.
nttsburxh. July S. CATTLE Receipts.
2100 head. Market stearh. Steers. $10 5(1
17: heirers Ul.nojMV cows, ionnffis.io
HOOS Receipts r.000 hend. Market ae.
tle Hfales. $175? 17 1.1; heay orkers.
17.00IM8; light sorters and pigs, $17.00
18
SHEEP AND LAMBS Receipts. 2700
head. Market actle. Top sheep. $13, top
lambs, Its no
CALVE'' Receltps, 1.100 head Market
5teadj. Top. $1S
NEW YORK INACTIVE STOCKS
Following are quotations for inacthe
Xcw York stocks and in which there
).;. ?. VS. i.. V..t0I!aj' The price ATnrlcpt T.nsps flrmitirl Aftnr Vnw $17 l't. mixed and yorkers. l
given it the last previous s.-.i. ' , J-uarKel -LiUbCS irrouliu Viler W1R15 IlKnl ,rk,rs nnd pits, $is li
Knt niiffalo, N. V Tuly fi CATTLE
Receipts. T00O head Heay, easier mm
mon. steady. Prime steers, $17.21ifrl7 71;
shlpplntr steers. I1,m17: hutchers $120i
17; icarllncs $ta(S17- heifers 110W1.1 21;
.nw, id .InffT'tl'j! hulls 17..10(91'2. stnrker
and feeders $7 -in-ijlo.io rresh cohs and
springers $n141 Calves receipts, 2300
head Steidy. 718 .10
HOGS Keretnis miii nean. Htronr
I.ee H T .
I o ,: . "is 20
13
Artami K-sp. 68
Adv Itumely 17
AJax ltub B1
Allls-Chal pf 83
Am Ac Chem 01
r. Arr C re 011'. MaL
Am rt Rue nf 83 Mack -.- "-1
Ami nt Vrtt li Ifnn on . P.
i? I Am Bnk N pf 101
ri."h."!-.
JfflJI'-PnHn9;
Display of Firmness in
Early Trading
ia
Is 2.1. roughs, $13 SO013.7S, stags, $10
SHEEP ANP LAMRS--RecelntS. 1000
head Lambs strnns. olhers steady Lambs,
mffllo .10, jearllnus JlOffflrt 10. wethers.
Sit. 10(311, enes, $0913; mixed sheep. $13
ff 13 30.
30Vi 30Vj A ' Am C & F pf 100
odi.c looii iTi i Amer coai o;
LOCAL LOANS DECREASE
Individual and Time Deposits Show
Gains Over Last Week
The average condition of members of
th Pniladelnhla Clearing House Asso
ciation for the week preceding today is
shown In the weekly statement, with
comparisons, as follows:
ALL MEMBERS
July 8. '18 Increase
Loans $814,208,000 $4,348,000
n.ii,iii"i noa nun
18T.AOt.000 2.048,000
l.l,M)8,0Nii 'I 8-14 OOO
448.3SOOOO 3 211000
4,448.000 18.000
Miw York
'i:klrain
rittslinrch
Dostoii
Direct Prttaf Wtret.
TIniise
i Due from banks
i Rank deposits . ,
I Individual deposits
Time deposits
Reserve with Fed
. R II and legal
depositaries
'Cash In vaults
Total reserve hr-ld
Reserve required
Excess required
HMMK KAKKR.
J J WWeas-v nllif(ii0. riMiu.,
r Tbu mav send ma report on Piercs
L4HL T.U.-1B4.
40 RRT.000
is.nno.ono
4.l'.4.IK1fl
40.140 1)00
2.S03.0UA
2.B11 OOO
21 000
2 040 00(1
31,000
2.905.000
m
rf?
i -it j
tii'Min
-
irnett OilGas
AeUQT SOLD qUOTED
i
CK
p Morion R. Alexander
'Hillii. Stock Exchanire Bldg.
V 2T Hlllism Bt.. N. "V. City .
f f
DltlPSM)!)
tei
KOBTHEKN TBU8T COMI-ANY
Sixth and Spring Qtrdtn Sts.
', PhllidslDhla. July 1. ISIS.
1 maetinc of tJ) Hoard of Directors.
thU dav, a qnaHtrb. dlrldend of flvo
; (91 Vfm orciaivu pmjmutv an juir
to S)iDeiuioiaer o rccora on cooks
stmnany at ths loa of business
l..l A- 11 V. m.II..
IfSr.Ki.1.""1" ",, u? ,iia.(ru.
n. tuniiQ. r.. ireasurcr.
S1EMBER5 RESERVE SlTSTESt
Reserre held . $41,284,000 tS.MA OOO
Excess reserve . 188,000 3,338.000
TRUST COMPANIES NOT MEMBERS OP
UtBtirlVJ'. CflDlCdL
Reserva he M . $T.370,000 join.ooii
Excess reserve 2,393.000 438,000
Decrease tDeflclt
Tn .rf4(iiAn tn thA deooslta above there
were this week $.12,643 000 Government de.
posit against which no resent Is required
MONEY-LENDING RATES
NEW YORK Money on call, mixed
collateral, ruled at 6 per cent and In
dustrials at 61,!, with ruling rate 6 per
cent.
Time money was firm at 6 per cent,
or about 14 Per cent higher than the
ruling rate of the past three weeks.
There was a fair amount of money
loaned at 6 per cent, today, but money
brokers stated that when rates receded
to 54 per cent, for sixty and ninety
days, most of the demand was supplied
Thla renders It unnecessary for very ex
tensive borrowing) at the prevailing 6 per
cent quotation.
riULADELrniA Call, 6 per cent:
time, 544 per cent. Commercial
paper, three to six, months, 56 per
cent; six months, 6 per cent,
D. L. and W. Coal Company Pays Extra
New York, July 8 The Delaware,
Lackawanna & Western Coal Company
declared an extra dividend of SIS a
share, payable In third United States
Liberty Loan 414 Pr cent bonds, nay
uy
NEW YORK COFFEE MARKET
evv York, July 8. There was an ac
tive opening in the marne. for coffee fu.
tures this mornlne, with the undertone
firm and prices on the call showing ad
vances of 5 to 12 points Some of the
bujing appeared to come from outside
sources, with local trade Interests sup
plying the demand
A little last-minute covering by July
shorts carried that position to 8.13c
right after the call, with May, however,
declining from 8 89c to 8 86c.
Some of the early demand was be
lieved to come from Brazil aswell as
from Wall street houses, some of which
were thought to be trading for foreign
account, and prices held steady. It was
reported that a Government steamer
had arrived here from Brazil carrying
a heavy cargo of coffee
In the cost and freight market, offers
were too high to attract business.
In the local spot market the demand
shows Improvement and prices are firmly
held, being governed by the advances
recently In Santos and futures here.
July
September
October .
December .
March
May ..
Sat
Open High Low Close close
8 12 8 17 8 12 8 13 8 OS
8.S0 8 89 8 SO 8.33 8 21
i , 8 41 Stl
8 f.O 8 .10 0H 10 8 10 H 41
R 70 71 8 70 8.77 8 01
8 85 8 90 8 88 8 00 8.76
FOREIGN EXCHANGE
New Y'ork, July 8, The foreign ex
change market this morning was dull
and featureless, with business confined
to small transactions, sixty-day ster
nng Dins were qucrea ar tiiVi
and ninety-day bills at 4 7114
ijuoiaiions were
Demand sterling 4 75ft, cables 4 76,',,
Franc checks 5 71. cables 5.69T4.
Swiss checks 4, cables 3.96 4,
Lire checks 8.81, cables 8.10
Guilder checks 51. cables 61,
Pesetas checks -27.50, cables 27 75
Stockholm checks 35. cables 35.40
Chrlstlanla cheeks 31.20. cables 31 60,
Copenhagen checks 30 80, cables 31.
124 124 1
15
124
0V4
101 101
43 43
108V, 101 100 2
lllKi 111 111W, If, I
83 81V4 81V4 lys
is 13 13
00 V
43V4
MMi K,
mo 14
au Vl
11
42
21
50
1114
42
2.114
14
88
42
2
5714
01
194
50
1114
42
2114
14Vi
88
42-4
2"
5714
61
20
,4
Total ftllea. 400.400 hhnr... rnmnnr-A
with 183.000 shares on Saturda).
Ex dividend International Paper pref,
l1?. International I'ap-r pref, sta, 1U;
National Cloak and hult 1 1, ; Va. Car
Chem pref, 2
Reserve Banks' Discount Rales
Official discount rates at the twelve
Federal Resene banks were as follows
(The first column gives the rates for
all periods up to and Including the fifteen-day
maturity, the second for a
period of sixteen to ninety days The
third and fourth columns are the rates
for rediscounts of collateral loans se
cured by Government bonds or nctcs.)
Com'l paper Gov't paper
r" sw?t pf-1 Si
"in"?-1 ' 9
Mav r,P Co 48
Amer Cit Oil 4114 -May n s W ,IV
Am Cvpren 90 .Mex Petnf '?
Amer Ice Sec 32 4 Mor p.' 5J
Am tc Sen nf 48i .11 X. c. C-5". 39
. t ... .;. on. ir cj Vr.t new 111?
Vat rVi !" l"?'! i
:vt ? ft 9
V.W-.5' 96
Am Wool pref 94H .Vat nnitSI-100.
Asso D Gds, 12 ,V O T lEi .i6
Amer Loc nr 98 aa
Am Shphld Co 30iA
Am Smelt pr.l05s
Am Sm pf B 89
Am Snuff . 97
Am Sum T pf 100
Am Tel & C 50
Am Tobpf nw 95
Asso Oil . ! 58
Atl Bir & Atl 9 '4
Atl G&W I pf 64
Bold Loco pf.100
B & O .. . 55U
Barrett Co... 94 Vs
Bart Co pf. lor
Beth Steel 81 H
Bkn Un Gas. 101
Brown Shoe. . 65
Brown S Pf 97
Butterlck-Co. 7ai
Cal Petrol nr. "
i Cert Prod, . 31
Cent Fdy . 46
Ceil Leath pf 104 -
Certeed 1st pf 87
' Chandler Mot. 82
rUI P. Altnn . OK
Chi & G W. 8 Pitts Coal f- 8?
Chi & North 92i Plerce-Ar Ef n
ICst I. Pf , IkckVcA ?
uwnpt. .i-ressed Stl o f.ri
Cluett Peab'y 604 Pub Ser Corn inl'4
Cnl & Ar zona 69 pnIr i;orP 100
- "...un i- 1-1193
I ? ai is
O."r'0'k & So 21 V
1 a" Am Pet
KOas-Vc 493'4
S " ? 1
rrc8ceeiS.tf!:y
SSa&3 ?
Roston
New York
Philadelphia
Cleveland .
Richmond
Atlanta .. ..
Chicago ...
St Louis . .,
Minneapolis .
Kansas City
Pallas
San Francisco
13 da) s
4
4
4
... 4U
4't
. 4
.. 4
... 4
, . 4
. . 4
. 4
. 4
Col & Arizona 69
Col Fuel & Ir 48
Col & so .
to 00 ininonloiocau i
j:. , j.. -r-' -i ' r-rtm 'ran lvec
u.ji i )i aavs XI T e
SOU
Bead
15
4I
42 5
4H
Cont Can.,
Cont Ins Co
21 n2f lsl nf 95i
. 63 H.. " T !" '"
8rl",BAHn"!2?V,
Cotton Stock Declining
New Y'ork. July 8. The stock of cot
ton in the New Y'ork warehouses Is fall
ing rapidly, showing a decrease of 9000
bales since July 21 and of 21,000 bales
since June 1. On July 6 it amounted
to 103,095 bales, agalust 105,911 on July
5, 112,294 on July 1 and 43,924 bales a
year ago, '
RAILROAD EARNINGS
SOUTHERN RAILWAY ST8TEM
Increase
lOlg-
T.lnes Esst and West
4.724 I Fourth week June . $3,731,729
'Month ll.1n7.011
I From January 1 67, Ml 900
Georgia Southern and Florida:
Fourth week Juno $87,0211
I Month .. . . 274. s2
I From Jsnuarv 1 1.076.894
Fourth week Juno $1.414, Ann
From January 1 . 42,410.600
JJANK CLEARINGS
Bank clearings today compared with cor.
spondlnc day last two years'
1918 191T 1910
Phil
$836,874
2.142,202
13,699,730
$2S,2ft1
dj.noo
am. dm
$ln
1.205,
COLORADO AND SOUTHERN LINES
$6T.220,12 I4T.01B 9T $16,117,201
,,43.571370 86 211.8KO 28,648.242
. 429.102.O21 SIS 718.110 804.412 47(1
r. 11.732.549 7.418.4B1 R 07.1 til
an mm', iu io miih -,-,-i Hn Yin .
". . ;-.:r n . z.".i . . ..-. ""?". ""--'' :-:v"'Z: ".. ".7
a Die juiy a io siock oi recgra juiy t, Bt, Louis 2,4s,oj3 zt,3i:,obt
Fourth week June, $110,789
Xfonth , . , 1, .129.342
From January 1 0.702.881
BOSTON AND MAINE
May, cr6ss . . . $5,706,087
Net oper Income 389,360
Five montns gross ,24.401,487
:ei
oper Income df S86.894 2,434,260
$5,439
62.420
1.124,738
$609 267
229.460
1,424 11
BAR SILVER
Eatur Lsst
Toaay oay jion.
191
Hlh Low
Con Gas ... St L t s' 5J "
1 C Mln llMi R;T -."" PJ 21
Corn Prod pr.10114 Rp:.aii".O.K.?
Con
l-rnclhlK St Df 91
Cuba Am Su 165
Dei & Hud... 1071
Sears. Rftehij. ,.
Searsoo pf'.nc
o I B rtcs . 7
nre & Co Pf 92U .' BIc Cu 160
Pet Edison .125. '' '' " a pr.107
t o J At nf 61s b0 "a,l Pr . . 62
Dome Mines. 8 ty.eb1al;er.',t 9n
is smw 14 ci '" .5'
Trle -'a' Pf 23 Job Prod pf 33
Ukho"rn Fuel 2514 JoliSffci,, 6
Fisher Body 39 J&SW cts pf iou
iVlshlr Bdy pf.SB Jldewtr Oil. 186
rvifcSnipl't Transue-Wms. 40;
ren Chem..H"1 T,win c"y 31i
ErSpriH tiVtWl
Homstke Mln 7J Un Org let pf 4914
hSv niee . 101 , Kn,0J? Pac M- "H
Hartman Cor. 41J4 JTTn Pap Bd . 15V
Tr,t AlC .. "v u s R 1st Pf..l0014
?nt c5n Cor 7 U c Ir P pf. 44
JS Ha? Corp 67 Ms V S Ind Al pf 94 v.
2 Har Co Pf 96 U S Blty Imp 15 4
lCiisaUiS.tImP6o
S:: 5U WAV 47
SHv.?inlcCaanrg?,mfl714
i'V.'cv So.. 18 West Pac pf. 64
.w..i j ..c IV JS. 7. IT Aft'
u u- . m r
Kans
,. r nf..... 60 W & L B Df 20
k C So pf o0n westJia 2d pf 33
Keliyy,si. P 90
KngsCEL& P 90
Mck Steel...
Laclede flas . 80
LakeE&W. 9
i. .y "?,-;
on.710.42J N. Tork (rts.) 90S nfc boh i9. 85V4 i. j, Ttif 1021
18,712,801 tondon (pee.) 4811 4811 Hoi V 2 L'S ft T pf.lvi.
Whlte'Motors 42
Willys Over pf 82
Wis Central. 3514
Worth C & M
pf A . . 88
WorPfcMpr B 68T4
New ork, .lulv 8. The follnnlng tem-
Ceratures were recorded In the cotton '
elt thU mornlngi I
KnoxTitle. 08i Chntlanoren nnd Nash
ville, 70 Ran Antonio, OMnhoinii nnd '
llnrnn, 72 1 Abilene, Corpus Christl, '
rlt'tsbursh. Meridian. Mnntcnmerr. At
lanta. ThnmaKTllln end Jacksonville, 74t
I'ortsmoutii, T.lttV Knek nnd Auaustn,
70i fihrevenort, Memphis, Isevv Orleans.
I'ensarnla, Hnrunnnh and Tampn, 78i
Galveston. 80.
There was .01 Inch of -precipitation nt
New Orle"nt ,14 at Chattanooga and .28
at Know Me.
New Y'ork, July 8
After displaying firmness In the early
trading, the cotton market lost ground
today, but it finished above the bottom
on covering.
One of the factors was a favorable
report, by the. New Orleans Times
Picayune, which made sentiment more
bearish. It appeared to be the Impres
sion around the rlngxthat the buying
of last Friday and Saturday had eased
the technical position.
The average of crop reports from the
south was favorable, pointing to a con
tinued advance in the condition of the
plant, although there were occasional
despatches from Texas telling of fur
ther .damage from lack of rain.
New crop eastern belt cotton was re
ported offering for October, November
and December delivery at southern mills
at 200 points on October at New York
and at Interior points In Texas at 150
points.
Business was email at tne opening and
first prices were 5 to 11 points net
higher, with the tone steady. There
was only a moderate demand.
Selling was held In check by the fact
that the weather map showed only light
rains in Tennessee, whereas moisture Is
needed in virtually every section of the
belt, following the recent hot spells.
Spot firms and room traders were
buyers, with uptbvvn Interests taking a
small amount of October. The selling
came from commission houses and Liver
pool. At a decline of some 35 to 40 points
from Saturday's closing figures, or
around 24.60 for October, the market
steadied on covering Rallies of 10 or
12 points followed, but business showed i
a tendency to taper off quite sharply j
and trading was comparatively quiet. I
Rat. close ODen Illeh Low Last
n on nv ,.., .io ..( n, 1 1 n m i !
. ,24.7.1 24 05 23.24 24.41 24.58
S4.00 24 67 24 80 '4 10 24.41
, ,24 63 24.54 24.75 Si 08 24.22
. . 24 50 24.44 24 4$ 24 03 24 27
. , ,26 SO 2.1 HO 25 DO 23 00 2.1 00
, .24 53 -4 OU .4
PROPOSAL!
Bureau of Highways I
Department of Public Works
Philadelphia
Pealed r'oposals will be received and
opened In Room 218, City Hall, 12 o'clock
noon on Wednesday. July 10th. 1018. for
Paving Streets (Assessment
Work)
Repaving Streets
Surfacing Waterbound Macadam
Resurfacing Cemgnt Concrete and
Bituminous Macadam
Repairing and Painting Bridges
Contractors will be required to comply
vlth the act nt July 18th. 1017. relative to
Workmen's Compensation Insurance, and
proof must be furnished tho Depart
ment bv said contractor that he. has ac
cepted the provisions of said act and In
sured his liability thereunder or secured
exemption therefrom
Inquire at Room 232. City Hall.
GKORC1E E. DATBSMAN.
Director.
DIRKCTORV OF ACCOUNTANTS
Certified rtihllr Accountants
LAWRENCE E. BROWN tc CO.
1615 REAL ESTATE TRUST BLDO.
INVF.STIOATR ADJUST PARTNERSHIP
ronpnnATtoiM mnpiiTKn Arrni'Nrs
DIVIDENDS
1NSURANGE COMPANY OF NORTH AMER
ICA Third and Walnut streets.
- Philadelphia. July 8. 1918.
The Directors have this day declared &
Dividend of six per cent, payable on July
15 1018. to Stockholders of record July 8,
Checks will be mailed
T. HOUARD WRIGHT. Treasurer
LEAD IN U.S. TAX COLLECTIONS
Wall Street District First, With
Pittsburgh Second
Washington', July 8 By-I. N. S.). .
The second Internal revenue district of
New l'ork. In which Wall stret Is located,
led the nation In tax collections for 1918,
with a total of $457,058,250.19, according
to figures made public this afternoon by
the Bureau of Internal Revenue. The
district returned $414,608,907.24 In in
come and excess profits taxes and $42,
449.342.95 in miscellaneous taxes.
The twenty-third district of Pennsyl
vania. In which Pittsburgh is located,
produced the second largest amount.
$292,676,162 29 In Income and excess
profits taxes and $39,583J39.14 in mis
cellaneous taxes. '
Collections In all districts amounted to
.6".91f.?3691. In 1917 the total was
$809,393,610.44.
LEGAL AnVEnTISEMr.NT8
JL
VKSf ESTATE. OF 11KNJAMIN PR A Nit!
- 1.IH IKARSON. deceased Letters
testamentary on the above estate having
ftnUnflS Wtifr hj undslgned. alt parson;
Indebted to the said estate are requested to
pSnPtil'SmS'iStiVSSr deraVyeoCla,m, ,0
THU WPHIUDHIATITLE AND
cT,NLSOi.?K.ARSO,? Exutors.
P. W. Cor. 40th st. and Lancaater t
Z, UM deceased Letters of adminls.
tratlon c. t. a. on the abova estate, having
rwJnu.ErJ"Jl"J J thA undersigned, all persona
Indebted to the said estate are requested to
make payment, and thosK having claims to
present the same, without delay, to
THE WEST PHILADELPHIA TITLE AND
, TRUST COMPANY,
b. W. ror 40th Bt and Lancaster Av
AUGUSTUS I WOOD. President.
If3?a KSIATB OP JnilV V lllvwc"
&-"' lleccased Letters tRlnm.nt.M -
abmo estate havlna- heen CTanteA in
AND TRttRT
J,R
THE PROVIDENT I.IFT5
(.u rnni i' rnnjtiip:i.Kiiii all ..
Finin 1 lucinni iu ..in rniRio are requested
ti mskn paMnent. and those having claims
to present same, without d.lsv, at the omen
of the said Company, 400 Chestnut ."'piillS
ASA S WING.
President.
JSS" LSTA1K OF MAKY A. Bfc.
J-' deceased Letters testamentary on
the above estate having been granted to tho
undersigned, all persons Indebted to the said
estate are requested to make payment, and
those having claims to present the same,
without delay to
THE WEST PHILADELPHIA TITLE AND
TRUST COMPANY.
S. W. for 40th st. and Lancaster ve.
AUGUSTUS I WOOD President.
IPS?3 -STATE OF WILLIAM C. LDTZ".
3Sr deceased Letters testamentary on
the above estate having been granted to tho
undersigned, all persons indebted to the said
estate are requested to make payment, and
those having claims to present ths same,
without delay to
THE WEST PHILADELPHIA TITLE AND
TR"KT COMPANY.
8. TV. Tor 4nh st and Lancaster nve.
HWOTIto 7 Wfinn Pr.lfl.n.
Ism 1 national mx
Aa h 1 n z 1 J BjT
tl 1 1 1 1 1 1 1 Wl
Comptroller's Call
June 29, 1918
(Con denned)
RESOURCES
Cash & Reserve $997,325.61
Due from Banks ..... 329,496.63
Loans & ".mestments. 5,832,322.19
i
Total
.$7,159,144.23
LIABILITIES
Deposits $5,412,806.83
Circulation ......... 272,997.60
Capital 275,000,00
Surplus & Undivided
Profits (Earned) , 1,198,339.90
Total
.$7,159,144.23
Mllllam J. Montgomery. PiM.ni
bamuel Bell. Jr.. Vice President
Charles II. Cooke. Cashier
John D. Adair. Ass't Cashier
11 m. A. Mikert. Ass't t'alh'r
STATEMENT OF
Julv . . .
October
oeeemoer
January .
Aiarcn
August .
May . .
September
25 70 21
50 24 50 21 50
ii 25 60 25 00
Liverppol Cotton
Liverpool, July 8. .Spot cotton was
nulet. with prices firm on the basis of
22.44d for middling. Sales were 2000
bales; receipts, 3400 bales, all American.
Futures were quiet. Old contract, spot
prices were: American, mlddljjig fair,
23 75d; good middling, 23.07d; middling,
22 44d; low middling, 21,91d: good or
dinary, 20.92d; ordinary, 20.39d
GOVERNMENT BONDS
2s, reglstersd. 1930
2s. coupon. 130
8s. registered, 1918 ,
8s, coupon. 1918
4s. registered 1925 ,
4s, coupon, 1925
8s, registered! 1946 ....
as. coupon. 1040 ......... .... ..
Panama 2s, res join
Panama 2s. reg JJ8J
Pansma 3s. re 1061
Panama 3s, coupon
s?M
sou
ion
ion
88
81
98
08
85
83
GUARANTEE
TRUST & SAFE DEPOSIT COMPANY
316, 318, 320 CHESTNUT ST., PHILADELPHIA PENNA
UPTOWN OFFICE, 1422 SOUTH PENN SQUARE '
'Wet Philadelphia Office, 9 South 52nd Street
Statement at Close of Business June 29th, 1918
ASSETS
Cash on hand and de
posited with Banks
and Bankers $1,355,710.26
Municipal Bonds 195,000.00
Call Loans upon collat
eral 1,977,141.32
Time Loans upon collat
eral 653,806.00
Stocks, Bonds and Mort
gages 3,584,615.96
Real Estate, 316, 318,
320 Chestnut St 350,000.00
Vaults and Equipment.. 100,000.00
Other Real Estat 97,176.87
Miscellaneous Assets... 42,442.70
$8,355,893.11
SAMUCL F. HOUSTON. President
LIABILITIES
Capital Stock $1.000,o6o.00
SurPlus 400,fJOO.ob
Undivided Profits 103,403.24
Reserve to cover depre
ciation -in Securities.. 125,000.00
Deposits ...$6,535,383.50
Deposits, U.
S, Gov'nt... 180,828.09
Miscellaneous
. ties
Liabili-
6,7l6,211.59
11,278.28
$8,355,893.11
noiVABD E. YOUNO. Treasurer
Trust Funds and Investments, which are kept entirely separate
and apart from the assets of the Company, $18,884,106,3
SJ
s
t.
. -- o
7
S -