? P r Tu V H 1 , V o. v EVENING PUBLIC LEDGER PHILADELPHIA, MONDAY, JULY 15, 1918 V Hum i lljfaled 1665 IP V THE ivident Trust Company M Philadelphia . u'4 to i?y ". v fke making of your 11 should be en- trufited to sonic one h'ltifrltffc Unn linI lrtricv V'cperience in such LTttiatters. It requires l f technical knowledge 3$ and good judgment. ffflt would be difficult ( to find a better tfSthrin the Provident. ttrth and ihestnut streets ftw. B' 4 i 1 NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES lake Superior "continues TRADING. IN ODD LOTS MARKS OPERATIONS ON N. Y. 'CHANGE; MOST ISSUES TURN HEAVY Evidence of Pressure Against United States Steel, Which Declines Two Points Prices Weaken All Around After First Few Minutes '"" New orli, July IB. The tnntket opened with timling in rm ill lot' and most Issues turned hea after the Initial prices were recorded. American Sumatra staited In a point under Saturdays final and qiikl.ly sold ofT 2 point more makliiir n net loss since Momlaj of last week about IS points A feu other specialties showed some s-upport but the market weak ened all aiotind after the first few minutes, with evidence of pressure apalnst I'nlted States Steel which dropped to 10J, compaicd -with 104",.. the cloe on Saturday and 10SU. the lilfth (Inure of last week. After the first few minutes of business, the weakness In United States Steel started the entire maiket downward and such losses weie icored from Saturdays final as 2, Bethlehem Steel "If to 79V4, and 1 in Ouclble, to GSS, flitted States lluhber opened unthanped advanced fractional sold off and rallied partl Veio York SlocJts T.nst cln ltlsh 2,( 2i OS r,'i at I- 70 , 10U SI', o'a Alaska Oold Mine, Alaska Juneau . , Am Beet Sugar . Am Can . , Am Ice Am Ice pf , Am Hide & I,Uir Am It S. I, pf Am I.lnccd Am Unseed pf . m Malt ... . Am Smt &. llf pf mvi 11V, Am Ktl Foundries rS'j OS Am MUgnr pf . . HO .. m Sumatra Tob 121)j 12J'j 1JI1 Am Tel . Tel Ho', !)Vj OV, tn Woolen . fifi, mi Am Wrtg I'ap pf sr'j '2.VI 2-00 Low p m 2'f 2 07 17'i .10' f ' Wi 7 l(Hi 71)1, 00", 471, aou ir', 70 40 70' 105 1W (7)', 27' j 111 ORK Rill Rl.ll fNTINt.DOS rtrKTnuN 1KITKK 1)1 I CT i'Rn ti. UIKI-S TO PWM IPT. MVRM.T D LOTS and CURB STOCKS 5-nniTftlTPSOI.n OITOTKII fc Cash. OonAervnlhe Ma rein, or "ratial Iuj mentn 1918 m WMm Wid-nor Bide. I'hil.i.. Pa. Walnut G5S0 Race 5106 L( ' llirstrr, IM.. 003 l rner mile .., w n, a iiunr ... , ;urtiss AEROPLANE -Early history of the aero-laae Wb Commercial situation when E . jK psace arrives IVEraings, Financial, Fund- ff'ii ti debt Mi Royalties, Litigation, Or ders t tt.'.ll r. .- ! erjWliiyi - wmiis comoina- CJ "" Ittest annlW rnntnln nit nf tbftTe lnformntton anu otlifr ttentlnic and drklrabli. ilntt. Cfijt tMa ad or menffoit tfro o ti CORN MARKET WEAK UNDER HEAVY SALES Sentiment Is Bearish on Good V5 cather and Reports From Trench Front t.iiMN iim.t ni.uniR vnmrx'-T (hlrlito. fill n 111lnol t n-rltlrd tnnlclit nml Tllr(l. . , ,. Mlnurl Tliiimlrr h(iHer tnnisht: Ti .ilm lurth rliii(1. . ., HWddnIp lirMrr tonljrli: iolfr kntit'tuett Tue.ila piirtl rioudi llnnrnt I'nrll elnnil (iiiiIkIiC ronlfr et nnd nutlli Tiiflj fiilr. lon I'nrth rkiiiib nntl nmfhat n nlf r tiinltht prernlnl In hofr n trpmr 'ntl Turiln tnlr North lt.nn I'nlr tnnUlit nml Tlif ill: rnilir tnnlc'lt ... , , snilU"! Pikntil I llr lonlltht: roolrr to llUlit ftrrme rt. . flirii.k- Vnlr IniiiHit iind TijeMiin: n,ilrr lonlirht m- "nil -outh rentral. KnnnK PkMI i Im il t""''1;' Bn'' Tiffin: sliKhth roolfr tnnlKht In ft nnd nnrt'i ...... , ... Miintnml 1 npllnl tonlellt! roolfr lo- HomlnK I'nrlh louil lonlclit and TufMln lit co. Jul ID I iider sr inc In Inflnentlil commis- m Zinc h A S in 11 Am Z l i. S pf. CJ .. Anaconda Cop (u, 07' j 07' i Atch Top . S 1' 85', S5 S.5 Arh Tp & S P pf h2'j Baldwin I.oco .. HTt S"1! R5'i Bait &. Ohio ... 55 .r.l!i "1H Uarrelt Co . 11!',. Batopllas Minlne 't Bteh Steel . . . 81 Beth St Class B nl'i 80' 7n)3 Booth Fisheries. 20j 27 20 Butte Copper lJ'J U5 Il' Butte & Supi . 2S', 27' j 27' j California Pet pf.. 00), 00', Ml7 Canadian Pacific 117". 147' i 117 Central l.eathei . 07'i 0"'i 00'j Chandler Motor t.1 Chi Ct Western . S . . Chi M & St P pf 7.5', 7.V. 73', Chicago B I i Pnc 2J' 'i -' Chi KUP --c pf 74 71 71', 'hi HUP r. pf. (,2't li. (- Clex C C &. St I, 32 June Consumption Figures chile copper .. ic.'s , Chlno Copper .VI i Make Little Imnresbion on Coioiado ruci . r 45 G7 Ti 30'; 10'i 70 401, 7tl'3 i()5 OS 121 05' j ,5'P, 27 Ji 10 07'3 85 'so 54!, COTTON IS IRREGULAR UNDER LIQUIDATION 80 27 11. 27'j 00', 147', 07 i.il4 21 71',' 02 New York Bonds io' i ic, ib'; Sentiment cotton iim.t Mrxrnm omiition Nf ork. Jul 1 Tlif fnlloulnR lom pfnturi' frf rfronlfd in the rntton hflt IhN niornlitR Knoxilllf nntl Nttohilllf, 04: TItom isiPtf . Aft! Mnron. MnntKomfrt und Wllnilnctnn 6At J(lrk.onilllf uRtit. tlnntii. I Ittlf Kork. I ort Smith Hml (tnlir.(on. ?lt Mfin IthN. lrk.hurK. ( htirlfslon nnd sunnnnh. 73l Oklnhnmii nnd -n nlonlo, 74 1 IVn!i foln, 76i Nf u Orlfnnn, K: orpii'. ( hrtstl. HI Thfrr mj Oi Inrh of prfflpltTllon nt rfiisutoM. Nfw- AorU, lulx 15 Tlie otton miiket optned inegular this mnrn'ns with lulv 10 points lower under c.tterld llquldntion and the now crop months 4 to S points higher on a demand from spot firms and lool in terests Offerings weie not large and the Consolidated Cos . St Com Prod Hef 42', 'rucible Steel . .. 0315 Cuba Cane Sugar. 31', Distillers Secur . 5.5s, T'rlo I'.t. I " ...... tu i Oeneial Motors . 161'j Oenernl Motors pf 82 I C.oodrlch n r Co 1.5', Circat Northern pf 00', lit N cfs for Ore p 12 I Int Agricultural pf 00', Inspiration Cop 5Tj 1 lnt Mcr Mar pf 00', Int Nickel . j Int Paper Kan Cltj So pf Kennecott Cop Mawell Mo 1st pf Mexican Petiol . 1 Mliml Copper I Mldnie Steel I Mln & St L, New Missouri Pacific Nat Cond . Cable 15', 82'i 11', 31 .55 1.5', 14S 45 12'. 04', :u', 51 15', 141 45i, 82, iV, 0.5 ', .5.5 15', 145 15' j 45'. 15'- i,. market later moed un to an adance of National I.n S. S son Douses the lorn nianvei " -v. ... , . Venda Con Con .his morning II,. buM.. w,s scattered hhout 15 points for the late positions , ork Ten? -sentiment was bearish on Kood weather "crpoo. was a -n.. -ener o, uie .- N Y N- . .,. f,nm ,h. ,vostom front thit the I tanl monms ano New ,,.ieans om ,o 0rt ft. west "'""" . ...... Germans mp bfKUn t new drive and , -""' ''" heilness In si ruritle 30 .', .52 , TP, 55 11N'4 20 . 52-, IP, . Jl'j 18", 51 ' j 10, 71', 18 .11' j 5S .5 1" ! l(i ill .15', '.Tl .54', 07', 21 IS 51 10, 71', I"1. tfemberM Conn. Stoek 1 . of . . Widener Bid , Pniladtlphia, Pa. Uil ll'.i man. . . t? . . inen "fl' r l"n if ; luov Irivate Wire EESIY J i .IiiK nnenerl lc low, r it M ii but ral lied c August started at I f (U fT 1 59 ' agilnst 1 61 at tbo end '-Htur-da and a'tor touching $1 uts tin proved to $1 t0 Spptembei --tarted at $1 C0, 1 51'-. agilnst $1 na Satur da s last prite and Tftot touching 51 59s moved up to $1 C" The tecelpts here tod-n were 140 nrs Shipments from North Amcrlc I for the week weie lf.2,000 bushels Oits were aKo e islf on selling be lieved to be rcilnst Increased offers of new grain from the cnuntrj The ;.uvlng wis scitttred and business light Tlie j recc'nts vveu 13. crs Pacific Mall i The June consumption flguren made renn u it I little Imnresslon on sentiment, being ' Pitts & West Va 101'f 101 about In line with etpeit-itlons -at tow 11 rlusf Cppn b in n m Jul -'7 S-. J7 TCI i.7 H4 Ootobfr 24 H" -4 41 i4 .". .'4 rn Deifmber .. J4 III IT 'IS J3 l. 24 01 Innuarv I HJ .I7i -17. -WJ IMairh -IPJ .tin I plnce-Arron P C C . St I. tlay Con Coppei Heading itcp Iron & Meel Sinclair Oil lief Southern Pacific NEW YORK INACTIVE STOCKS 'horn 'hv '!. lollovving are quotations foi inictive ?tudelnkoi Co . New ork stocks and In which there p,jpei lor steel w-e no transactions toda. The price Tenn Cop & Chem given Is the last pre lous sale leas Co Ulains hp i.s i.o.)!-e n hi; Tolinrio Piodmts v.d Hum . 15'4 1st nf 8fi . -,,u Shipments from Ad ltniv pf 40 I-orllard P 13-. ,'r , i, ,'i Vv V. f Tol St I. ft W pf Ifnlon Pacific I Lnioij Paiafic pf 28'. 14 !5, .10 v .50' i 21', SO', nl'i .12 V.', 's'j 14 15' , 18', 21 SO', 01 ll3, St 5'; 21' 41', ll'l .58 52', 01, 20' 2 o5', ' H ' 50' , 17', 51 10', 71H 17, 101 2V, II .15' S'S .11 'j 5S 51 00 Ml d5S, . . Htnh Irfwv 2 p i f I nun .ni ot till TM 82 1 1000 Am fVir Sec 5s 0714 fiOOO Am Smelt 5s 88 '1 4000 Amcr Tel Bs 87'", 11000 do ct 4VaB 82 f.5000 Anglo Fich 5s 12 fiOOO Atchison 4s . 81 V lOOOAtlan & Ch Ba 02 1000 Bait & Ohio Bs 78 B000 do 4s 77'i 2000 Beth Ml Bs '16 SI 2000 Brklvn Itap Tr Bs 1918 nr,.i, 1000 Cent I.ea Bs . '13 Vj, B000 Ch & O cv 4'jh 7B 1000 do tv lis .. 81', 12000 Chi (It V 4s. S8t4 14000 Chi B fc Q 4s. 94' 1000 Chile Cop 7s.. 107 1000 Chi BK.QIU1V.S 72 14000 Chi Mil & St P rfd 44r . 67',, 1000 do cv 4'4h. 76 2000 ChlMU&P rfd 4s 67 21000 City Palls bs . 81 2000 Pen & II Or 4s 67 8000 Dom Can 1911 91, Bonoilrlecv 4sSer B 48' 4000 Hlle 4s . . 66 1000 (lov of Piench Hepub B'ss . 1S'S BOOO Hud & M In Bs 20 1000 do rfd Bs .. 51' 4000 lnt Met 4 Us fill, 1000 lnt It T ref Bs 80?, 28000 Int M Mar 6s 07 1000 Japanese 4's 8r ',4 1000 Kan Cltv'T 4s 74'-, 7009 Lick Stl Bs Til) 91 N 10011 I.ouls Al N 4h 81 iionmi i.n. iinnd inftotoot no on nn 60 4200011 iln l 04.1111 II1IW 11198 inoOO iln lt 4n .. 04 04 IM 00 1)1 'III 4000 iln 414 0-nl 0184 0186 liKOOn do id 4 Us ..04 01 1)114 0108 4000 ,i. ut 4U ni.nn 01 on oa 06 2000 Minn ftl St I, 4s iS'4 45'i 1 "mi Miuvaie rs ss 4000 Mo K S. T 4" h0r COOOOMo Pac gen 4s B6i 4000 JIo Pac Bs . 101, 4000 N V C g. H Ch Ot B0O0 N V Cv 4s 'SI 91 1 2000 NY C I ih '60 06 'i 1 OIMIIJ . 1 'll 'jS lOGI 101 K 1011, 101 lw 2000 N Y (J.is II . P Bs 88 2000 N V Kvvv Bs 21 2000 N Y Tel I'js. 86 1000 Nor Pac is . 81 ', 1000 do 3s . hO'. 9000 Sinclair Oil 7h oi 2000 St l.IM&Sci Is 7B 10000 do Bs 91'- 3000 St L I S I' Ser Awl. 507, 2000 South Pac cBs 9) 'J 1000 do cv 4s 79 6000 do rfd 4s 771, 4000 South lt) Bs 8", 15000 1 S Rubber 5s 79 1000 V S Steel s f Bs 9S' 4 0000 V K ot C, U d I Bs 096 2000 do BV.h 19 'I7 2000 do Bs new '19 99 c 15000 do 5'4s 21 94', lOflO West Md 4s 60 K 8000 5Vest Shoie 4s 73 82 82 97 97'j, 88's 88'4 87 85, 82 82 92", 924 80, 81 '4 92 92 78 78 77 77 '-j 80 SI 90 ", 96-4 93 'i 91 Vi 75 75 Sl'i 8I' B8 B8I, 94 94 14 107 107 72 72 67 ' 67 ', 76 711 1,7'. 67'. 82 82 67 67 91 91 48';. 4S'i. T6 66 98 98 20 2" 59i. VI i, Bl'b Bl' 801, SO", 97 97 83 81 71'j 74'. 91 "I 81 84 Philadelphia Stochs inch Id Am llvspf 01 llBrlll .1 tl 24"., Sil nice Stot .14 100 Insp Co) .11', 1060 Lk hup C 2t 2,1 I.eh Nnv nil .0 l.eh Val 8. HO Penn 11 It 14'fc ,11 PUT! c 37 V, 170 Beading H7. .'10 Ton Bel SIS too Ton Mln JV4 21 1'n Tract .177, 2710 I S Steel 104 III Voik ItVf IIM IIONIH HUh -10 Lib Bonds .i'js no.so no.sn on.so .48 lino do 4s i nn d.i. no 93 no .. -.ton dj 3d 4'4Hi on ni no oino .38 PHILADELPHIA INACTIVE STOCKS Pollovvlng are quotations for Inactive stocks listed In the PhllndelpVila Stock l'chinie and In which there were no transactions todtv Tlie price given is tin last prev'ous cloe: 't', wai .. iH l.eh Val Tr pf 26'2 Alliance Ins 19 utile Benin I. 48 Net Low 2 P M ehBe n 111 S 24y,' 2411 IV (1V4 BIVSi 1 8V, B1'4 V4 10'4 IDMi IVi no nn Tf, .181, V4 44Vfc 'A 'A 2n- 2mi, Hn-, 8B 2 ll 311 H 1'. 2 3V4 .. i7i4 .m, . . iota, 10114 -3M, 11 -HI, IM Net Low 2 P It ihge. 88 60 BS 90 U 94 91 ls 90 40 S8 60 BS 90',, 941, 91 U 90 SS 88 21 '24 SB SB 81 81 60 60 91 Ml 71 75 91'. H S9 59 91 91 79 79 77 77 89 89 79 79 9R v98 A'eio York Curb inhisi in i,s '3 arnett OilGas BOVOT SOLD OUOTKI) CM1KE ." . , HfnHnn II. Alexander aaii. ci. t- , DIJ- ,, 1 ,,, diocK cJLcnAnse hide, tfii." 37 Mllllam St.. N. . Lltr 15 'A 40 Nnrtn America for the week wete 1,161 - Ajax ltubbei 1,1 ....., Mils dial 32 000 bushels 1 ,,,. 1, ,1 r 003 I f..l. nrtA.l ot 7J1.I??J.. UF.lltlSt 1"." . '..' -".' 7Bc at the nd "-aturdaj August was quoted at "Ik'B'ilc at the start, com pand wltli 71 '.c. Saturdi s last price September opened at 70 c to 70c agilnst 70c at the end Sitirrdav shipments of wheat from North Xineilei foi the week were 2.055,000 bushels The roj elpts at Minneapolis to dpv were 102 cars against 163 cars at Mlnneapol s and Duluth list iir, at Winnipeg 100 cirs against 283 cars, and at Ch'cago 11 nrs, against 20 cars 21 14 44 . 10 10'. 147 147 VJ , 02 .50 ... 0 . 14 r Lorllard P 13 l.orlllard P pf 1."2 l.ou &. Nash IHHj M.ukav Co 64 Am Acr Chem 89 Mnclnv Co pf 14 Am A,? . P' , Vi'"1, rV., 5- I fnited AIIo Steel .0. Am Hk Note J4 Mimhnt Kiev 9n ,.,,;, ..i,.,, q 1 071. 1171. Am Bk V pf 161 Man l'l.SupCo 48 " el (riRal, J,4 " ' Am Cam pf 94 Max Motor 2S I'nited Its Inv S Am Car SIv 81 Max Mo 2d pf 21 c S Ind Ahohol 121 1-2 Am C t F lif 105 Ma I Stores B2u S Ilubbcr. . I 0 0 1 Am Coal 52 Slav O S pf 102 r s ltubbei 1st pf 100 .. rtlll CUl I'll "73 U X rei JIL -ID .. y y., Tj.f P T Am Impress 90 s P&S S M 88 V, .. 1 f im Int Corp 51 Mont Power 65'. (T s steel.. Am Loco 65 iom m, pf ltu I" S Steel pf Am Ioe pf 9S m01 & nsso 39 Va Caro Chem Am .vian 1 Mn K K. T nf ' v. 1, n J c 21 8(1 80 !!', 82 5 21 11 10'.. 110 G2 54 117 I ... I .51 , ... , 21 18 .51 10 71 17 101 ocl .. j ctin r.vnloslves I m Brit Mfg ''- iur M ircnni .18 1 m Wr'tlng Paper Ilediictlnn Cimdlan Car Co do preferred Cbarco il Iron Chevrolet Motors Cnmp . Curtlss Airplane Csuvtn Tool Cnrbnn Steel I'meison Phono 1'ideial Dvn Hendee Mfg 10 Lake Torp Unit 99 97 99 91 60 1 7-l 99 97 99 "4 1.0 V 71 ni Has 67 Ann 1 Stores 29 nier Sirs pf 92 Baldwin pr. 100 Buff & S to 64 MIdvalo N J .". S No Penna Pa Salt M Phlla Co.. B2 891, 86 84 29 6 24 Ilnldwln Loco 89 1,4 pPnn Traffic Hurr s s tc pr 48 pnila Co Cim Steel 1.11 J'h &. 5Vest . Catws 1st pf B2 Ttay Cons.. Catvvs 2d pfN B4 llvv v a Co Oen 2 Con Trac J 66 Ton Mlnlrg. 2' 1 lie , 1,5 IT Co N J 181 Ht . UT .10 US Steel pf.110 lit B fi T pf 17 War Ir S. Stl 8 Ke Tel -1 W Cramp .. 82V K Tel pf . 50 West Coal 74 HI Bios 25 -, ork Jt pref 32 l.eh Val Tr 20 TO ATTRACT MOST ATTENTION ON PHILADELPHIA EXCHANGE More Than Thousand Shares Change Hands -.Tn First Few Minutes Steel Moves Up, But Recedes. N List Generally Steady The Philadelphia stock maiket opened active this inornliif a ttli Lake Superior the featuie of the trading. More than 1100 shares of the stock changed hands In the first few minutes, nt 21, the iiuotntlon then fluctuating nrounil 20"i nnd 20. The close on Saturtlnv was 20. United States Steel stnrtcd nt 103, hut moved up ipilckly to 104. In t-he strictly home shnres. IJrlll, on a sale of nn odd lot, uns off 2' nt 2454, with Electric Storage Battery declining 4. Pennsjhanlft was off Reading ", while I.chlgh Navigation advnnced "4. Union Traction, on 0 turnover of twenO-le shales, was unchanged The bond section wns vlrtunllv neglected A sale ot J4000 Liberty 4s was made nt 00, a decline ot 1-10. Local Investors weie interested In the June report of the Tonopah Rel mont Development Company made public this morning. It shows net earn ings of $61,031, 11s compared with 66 011 In May, and In addition net earnings ot Belmont Surf Inlet Mines for lune were $30 047, ns compared with $2lt47 In Mnv. Xet earnings of Jim Btitlet In lune weie $29,828 ns compared with $41,552 In Maj. -r LOCAL-MINING STOCKS lONIIPMt "TOCKS nn U Jim rtutiT . iii rn MmNHinan . t' 21 Vllrtnnv . .. "I OT MIzp-iIi Pxienslon . . on , 117 Vlontani . .1" I 1" North Mir 07 ns lies 110 l-uln . OS In VV"t I'nl . 1 mi 1 no (.111 1)1 11.1 P 'TUCK' Mlantn "I n. niu Hull 111 11. IIIMIllI 'I- 'It llsm imlllKbl I' n 111 112 DiIbv . 01 02 Krwnn is ".! "I lira "I "-' '-hii lslnrm Kelt ItII "I 02 Mhri PI. k HI "I Mll LI LANHII s Vrl-om I nitol HI 18 N.vn In VVomlcr I J I 1 1 1 01 i Mlnlns 17 11) Paragon riefininp Pavs Extra Toledo, O., July IB The Paragon He fining Company has declared an extra dividend of I per cent In addition Io the rap-nlnt rninrtorlt. ril.l.lmwl nt It. ftpf cent on $S 000 000 common stock The dividends aie pajable August 1 to stock of record ,Iul 20 I Kcfinoil Sugars Unrhaugcil New x.nrk, Inly IB No change was reported In the lefined sugar market thls moinlng, all local refiners doing business on the basis of 7 BOc for fine granulated Ravts aKo are unchanged at 6 OBSo for 96-dPgree centrifugal LOGAN TRUST COMPANY 1431 CHESTNUT STREET BOARD OF DIRECTORS 21 w, h'1 .11 82 5 21 41 niri ? 2 70 IS 70 IV 158 HO S0'4 1 11 J IO 4 HO 41 " it 1 !op kk (silsl I !4 0 1 J'i 1 11 80 '4 I 1 81 40 8'i 111 !"4 I'', MOiE"..LLNDINC. RAILS NLtt OIlK Monev on tall inled 1 rill lit 1 il opened todiv at 6 per tent foi lending and rpiievvlng On lndutil.ils the 1 pening late was l, per tent rilll.MIIll I'll I Call 6 portent, time B"1, lab pel cent Commeri ial pipei three to six months BfaG pti cent sK months 6 per cent CHARLES M. BIDDLE Chairman of Board Supplee-Blddle Hardware Co. WILLIAM BRADWAY Vice-President, Trust Officer and Treasurer GEORGE M. BUNTING Retired WALTER CLOTHIER Secretary and Director Ketterllnus Lltho Mfn. Co. ! ROWLAND COMLY President E. LAWRENCE FELL President Franklin Prlntlnq Co HARROLD E. GILLINGHAM Insurance WILLIAM S HALLOWCLL Harrison Safety Boiler Works Hcervc Ilnnks DitouiiI Hales Olllelil dlsiouut I lies it the tvvdve Fedet il lteserve banks weie is follows (The flr.t i oil mn givrs the titr, for ill peilods up to nml hnliiding the llf-tein-div nnturltv .the second for .1 pei ind of sixteen to nliiotv dn The third and fourth minimis are the lates for redlFCoimls of tolliteiil loans sc Liueil bv Covi 1 nniont bonds 01 nntes ) Coin I PHprr (lov'l piti-r 11, tn 00 10 t,t Mil 11 iltvt iliv 11 iU3 ln ALFREO H. LIPPINCOTT President A. H. & F. H. Llpplnrot: WALTER H. LIPPINCOTT Bloren . Co. DAVID L. LUKENS Director Wm. Sellers &. Co., Inc. HUGH MclLVAIN Vice-President J. GIBSON MclLVAIN J. Gibson Mcllvaln & Co., Lumber CHARLES MAJOR , Minager Penroyd Iron Works WALTER SMEDLEY Architect EDMUND WEBSTER Retired TRA.NK H. WOOD Retired OFFICERS 121 121 121 121 0 . H5'. 122 ."II' or, 12 II 1 104', 101 102 1111 111 111 111 m Malt pr ti - Mo Pac ,,f m Shphld ( o 3 ,t Arnie Am -imeii 1 1 '2 Am Su To pr 100 Am hm nf B 81 Am hnufT FOR SALE vFur-Mastp.f, Srlinnnpr K MitKte deek. 171) fl. krrl. 37 (t. Iwam nttt.m noiu 14 ri. u ins. tiaIioet fcrt. Classed A-l fifteen jeari Anierl- I jureau ar i-nippins. UEMFRY M'.Pr. IITn MJSfc' C. E.TKENHOLM .f-: ' Hilremont bt., Boston, Jlass. I IVKSTOCK QUOTATIONS (llltJ-n. JuW 11 HOOS ItecolpU 42 nun tu-ar! Iffl over 21H head Strops ,,l n,ntl HI. hlcrhpr I'lp, hivs JIM 111. ion 1s 11 bulk J17 21WIS10 butth-rs.7" T, r .. -,n - 17 11 ll-ht 17 siiBfts 11 p1cs tio 71 m Tob 160 17 -. roi.-h f, 4nftinwi A Tol pf new 84 CVT11.1. lte elpts 211000 homl liood to Am Wool pf H4 m Sugar B5 30 I 04 107 I BO I n7, M lVuuna " bent torn fed uteera uleidv otheis ind but s r ' ks slow hih! loxvir sHEKP Itcrclpts 24 000. heart lup nnl heav jparllnss stead), rholic welhera J14 I'ltl.hir-h. Ph. Jul 11 OATTI.L Pc rrlptB 4ll h-ad Artlve Stepra lrt II , 17 21 hifir JllCll.tow- timris in ItCKl- It"' pIpih 7100 heail Uir Hiavp S17 7nQil7 hO heavv vorkrs Its 40rtlx Id llsht sorkers K 111 Ih l u rlca ! 111111 71 SHEFP AND I.A1III'. llirlpts limn hi-ad t ovvtr Top -lnp 111 lambs I AIAES-rWelut" I7IHI hoail Lower Top n '1 Knt HulTiiln. N. 1., llprplpta 4 lilin bead lulv 11 t VTTI.K liood n-m i ommon , easier I'rlnn- meiTs 117 - -i ' " anippms i-i j-acKing n OvvenR Dot 6 December 31, 11 (. nei pronia oi j,jyo - MINIM B- J W -V3V?7lLlShM0fftV -"-: Srip'rod"' " E"".m. ? Sf U" ii.,aBala'il '-458-, ln tht ',r luUS Alaska Standard N. L. cur. g 111111412 bull- J .""II-- siocKPra ami .-, -, ... -. -" -.; ",-- 'j HIiWT . Atlanta . . M Am fecl-rs $7 101 10 111 Fresh cona and ' ni io l'enrla S. Last 6 , BR Ledge if I -nrlniter. HI1t4-, ralves recelpta 22,0 f ent Id pf 46 preMarq .14 r Ariz t h n.- wtaniii tim. i.i in i i i-iii ii in iii iii ti- 1 1 .i ii ni i r-rr x n i. r't ii.i.i-i- i - . "i ' . . i iV-WMX-l noai llecelpt. 1,411(1 head Plus strong ceiro de Pas 34ii'"la . iV lUW luniv wrrr,r, m umm Butte .New lorn - others easier Heavj 1K 2 .' ih ;.ii .miswi rerteed 1st nf 87 . Y J--"' .'" i'.' . I Nevv York. Julv 15 Tht market for ' n . JelV"'e. rTS ''L? ,i;i '..,rrKi'"Vo ' . i? 71fT.i K Vltoii. 9 ' ' ' , J .coffee futures at the start toda as 4 l "al N hixnk- V: .-r,:."i. 'iTnifiTV Chi C.I vvn.pr 2 4 ;"" ; '".'' ?,' to 5 po'nts unaei Miuraa s nofe un "r ...-. . i i.AMim neceintn limn i'ies imio oi i. '"- -- j easier uio aim .laiuus n'ii-, "..-.-. ;: " IHecKeivJ'Co.3 RCTM CIIKSTNUT 8T8.. : y. lAmbers ot PhlladelDhla ,5 .. ... ..-: lori, aiucit .icnans-i 0m gJtlXaAI, ADFKTISKVI -L. KBTATK Of Ilf.NJAVII 1 el 1.IN rhlKHIIN. rfeeniMa I Hft.v. jtrLVi intry on U, abova estate havlne hrad Lamba atroim Lambs I14flllin ranted to the undersigned, alt persons "porllm-"' Jinfi HI d wethen. ill ,nM4 ra to the said estate are reaueitd tn tnf?it mlvnd ,hppn S12T13 10 nymtnt. and those havlne claims to r"" nx int samp wnnnui neiay in WEST PHILATIFI.PIIIA TITT.C ivn FV" - TRUST COMPAVr and 'iv n&uwn ,-i!.ajiij-s r.xerntors yf W. Vnr 40th t and Lancsaler ave a- KMTATK IIK f II VIII. -.. II m-" j IIJ3I. dereahel Letter nf ulmiHi. stlon c. t. a. on the above estate havlne Kunn fit. .Jul, i,C. , ,.,.," araniea io me unaeraiened all persons iplpla -l '"i" neau r""' '." ,.2-,,. to fcj to the said estate are requested to MOOH Ileeeipta 12 noil bend Market 10 nayineni. ann inn.p navanir p ,rm. .. f l m nicier nt the same without delay to FHKKP Hecellits SOOO head waT Kiiu.Auri.rniA TITLI3 AND, ,H.J-, I.UJII-AHI rt , C II - .w. ror 40ih t and Lancaster ave Cotton Buyers anil sellers Amtiinnn . .., freainen. Nat Uiscult Nat Mis nf Vat Clk . st Vat C & Cab .Nat l'n & .Stp Nat iJnrfin & fctpd pf 5 Vat Lead 1 i Nat Lead pf 100 .Nit It It of Mex 2d pf BlVi NOT. .Mex 18 N V Vlr Brke 121 V Y C X. St L 16 N Y I lock 24 V V nock pf. 46 N 1 On AL v 21 Norfolk . So 21 .Vorf & V pf 76 ji . rn.. t- it. i Norm Amer . 42 " Brk II C.as SO Nor Pae 87 Rrovv-n .Shoe C 68 ") hent Sil. B6' Hrovvn s pf 97 hlo flas 36 Brunswick 13 Ohio C.as rets 63 Burns riros 121 Ohio Fuel Sup 44 wiitterlik Co 7 Ont Silver . 11' Act i D Ods I; Vsso Oil All Blr & Atl Ml C Line 01 A C,lf & W I 102 Atl f!.V I pf 64 Bald l.oco pf 10" B 1 (I p' S6 Bart Co pf 102 Beth Steel 8 pc nf 10- Wabdbh Pf A Wabash pf B Worth I'ump Wilson . Co Willys-Overland (50 71 -11 25 111 !'' IS' 11 24 uu til) 10 17 "a 21 51'. i0 10 117 l.elilgh 'oil .sues i.i,. L'nn Loco ' JliiNlm Murtliions M.nlln iiih V Y Shipllllllillllg ih 15 NT V I'anei I'nln J '4 Otl- lllev ltoi . 45 Peerless Alutoi 14 Toole l"ntr 111 llrdden Truck Sirlpps-nnrrth II M.inilnrd Motors I " str, 1 llnv 1 .Siilmi irlne to St 1f,s.Mil- LptiI 14 Todd Shipbuilding R Tiiangle CIImi fnited Pft Ml uing "U " sv S p inisbln IT l t nlted Motors til ... I l'nitcd Sugar ".n 41 Woild Mini 'U 04 , Wright-Martin Mi 10', ,rto sTVMIMtll OH. 20 45, SI II ni 10 '." (0 in 17 n'- (i 17 11 V4 '4 H 11 11 4 10 I lloslon New V irl I Phllndi ll'hln I ' levelantl Itlrhinonrt ' vtlnntn I 1 hUnK 1 St 1 oul MinllealmliH Knnnas Cll Dill is 3in 1 rnmlscu 1 16 1 I IV I IV I ii 4 i 1 t 1 P. H 1 I V, I 4'. T 1 I 4 I 4 'U 1 4 fi 4 !!:' 41J 1! 1 ROWLAND COMLY President HUGH MclLVAIN 1st Vice-President WILLIAM BRADWAY 2d Vice-President, Trust Officer and Treasurer ALFRED G. WHITE Assistant Trust Officer WEST PHILADELPHIA OFFICE 6Z06 WOODLAND AVE. JOHN H. WOOD Secretary S HARVEY THOMAS, JR. Assistant Treasurer GEORGE W. BROWN, JR. Assistant Treasurer HARLEY T. McDERMOTT Assistant Treasurer FIFTEENTH ST. OFFICE 152 N. ISth ST. i oitcir.N i:chanc.i; New ork. Julv 15 The foieign e-, chins miiket it the ripening of the week (1 spl.ived a steadv tonr, vv It li trans actions on a restrliled Insls The onlv fentuie was an ensler lone In Swiss Quotations weie Pemiitrl sterling 4 7"i,'l,.11 76,',, rabies ! it. I 4 76,', sit-dav bills 17 1. uiiietv -d tv 1i ll" (itl 10 Financial Briefs llllnoi Ohio Prnrle Pipe S O Cal SON! S O N 5 in: .1:0 5B7 :m iii 71 INDl.l'KNKLNT Oil, Barnelt Oil & (It The New ork subtieasur gained S787.000 from the binks on Saturday, nuking 1 Lash net gain idnce J-riday of c,nds"lF r 51 777,000 ' General Oil ,, Inter Petrol The I nlted Light and Itailwajs loin- Houston Oil panj and Fiibsldiarj companies report Merritt Oil for the twelve month- "nd-d May 31. M,i'.l",,0eSttroI,len"l"K gross of $8,181,144. an Increase for the ohlo ,-uel period of $1,121,110 Net, after taxe, ( Oklahoma Itef decreased $140,849 , PiVul?." lUf .. .1 c.n....n. .1, Tk. Ailnnttc. and Parine Steamsli 11 "?iu":" Coinpanv reports for tlie jear enmu .'.' H J 14 . 71 24 '4 111 111 8 Slnclali IriX (JI znt !.' I 27 STO( KS ,' !i i 14 7V4 25'4 114 US 17 Ox '. III 11 J1"4 2ll STOCKS ted cccoist I. nf 6B r ji i si i' 41 ( luctt Peadbv B2 Col fi Arizona 59 -oiilh (Iniahn Julv 1,1 HOG5! Itecenils I ,.. c; & y 32b p;y Stl Sn !,0':'Ji; "SStXffft tV" 8'C"dy "' ' ,l,w"- I cons int C M 10 ni St Spr Kl-ATTI.E-n?eVlpJ S400 heart font Cin 71 leadg 1st Hllhht'-He elp 11 nun head Tars .22 ! I ont (an pf.101 Heading 2i steady K8TATK OF JOHN K. MA1NVM W eael Letters testsmentsry on vshnve eefRte havlnir been granted to fKiiviiir;Ji 1 i.iri; avii TIirTRT iNr OF l'lltlDELPHIA. nil Mr New ork, Ju'j 15 lulv Hartcorn. Mitchell and Vevvman bid RuRsell and Cone offered ' L.,,,.n,h., Vlinn ofTered o. tnher Kieffer (lumoens, Itarooks, Col & South Pe ICol&st 1st pf 49 1 om Tab llec 27 Cont Inn Co 50 Corn Prod pf 101 Crucible St pf 01 Cuba Am Su 1B5 Cuba C fcg pf 81 Del & Hud 107 nei 1. w 102 Deere & Co pf 92 slos' Sheff net Kdlson 121 fnaii atz Indebted to said "Ut nr requeeted tilrh,.ll McGliee. Clover and Freeman S.P.BK'wftRll-Waj-i "fhf'"1 bid?hBurneU Con'e Klinn and Downs of- Wia company. iun tnestnut t p li a fereil A 1A Q Wlwn ' ..2. ' TraM.nl i.n,hBr itnnldns HrookH Mitchell, Fulton and Hubbard bid, Uyman, Kellar aprl MclJhee offered Jauuar) wenman waiere. ntiuii, MDTATK Ut .MK A. ilttL cecttaed Letters testanienlarv n. r. T.. ... . " ------., r jd uitu ,. '-'- ,.-..- E.d". SSSr. ISKbKf ",'.?" .BS ' tomlnia FrederJckon bid . seiiar, Ire recuested to make navn.ent ., WlerK .mU llancorn ouereu . . fcarinit ilalms to iiresent the no, March Downs Monier, Lovvenstein, aeiax 10 1 Waters Mo e ann e reuericK&on um i 1ST PHlt.ADKI.PHIA TITLE AND ;?,!,... H V. offered Iff TRUST COMPANY. ....... .w,. -..- . - - W. Cor 40th st and Lancaster ave 1 " ituviiir, i !.'- 1 "..in I'reemeni. Fisher Bd pf 89 Stutz Motor y 40 rate oior um no nil isi pi 115 FSItSm pf 24 Tex . Pac 15 Ras W Wig . 28 Tob Prod pf. 91 Gen Chem . 180 Tide Wtr Oil 186 Gen CIS Co 40 Twin Cv Rap 41 Oen Cigar pf 99V4 Under Type .105 Gen Hleo Co l(6',t l'n Bag & p 75 -TlTl-'nl-'Hllllni ,, J Mporis 01 l,ouoil increase iit,,r.i un wrug ;a pr 77 JPITATK (It IL1.IM l.. LIjTZ. ' . , .- . . t ...aa Granby Mln 77 Un Rvvv Ini ns aCrVa.rd -r letters lesmm-nrarv on olilnBton. July lo A report issued !" V si I l'n u. ii. ., ,t? i esiai navins neen aranien to the bv the Bureau or tile fensus loaav ,, ,i .., .;, c.i ;,"' " ' J' "f- " ZW '".".rWed t lb. .aid , sh0g that there was consumed In June. ffu J J,,aS,tln rl 4 V.".?? R.d .U ".Jr,"ir., ?-""." K"".""': ".a ..,.wlv nf llnters 527 41 running ' ::"" ," J?i ; K"il J1' 124 PVI1C IIMIUia IU M(-srilV kii HIUV I. . --. - - ", . - - . rt I. tuna I1U1 I'ress Stl Car 64 Pr Steel C pf 94 Pub Serv . luo Pull Par Car 113 spg 51 'A Sprg pr 98'4 pr tj g 2d nf 39 Rep I S. S pf 09 iio uutrh 100 Saxon Mot 7 Savage Arms 73 SI I, t S F 12 Stl & S F pf 27 St I. & S 5V pf 21 Seab A I. 7 Seab A I, pf ID 62 16 . l.o .,...., !n. tl,,. market pnn- Goldfleld I OnH tlnucd easiei in the absence of demand, (.oldfle it Florence vv ith transactlona small, It in noted that Ooldlleld kewanas eveiv time there i a withdrawal of de- Green Monster mand the tendeno is for pricis to sag Heela Mining on eiihlly, operators here appearing to Howe Sounu . look upon the Rio and Santos advances 1 Independence Lead as being artificial lerome erde r,.i.. . 1..U.1., ... ,.!., nf nraill .offro for Mm UUlier lit.: iiniiur om,',.. the Cniteil Slates 4KB. 684 bags more than a j 1.128 038 bags more than two ear ago ilv of Brazil coffee for i n nhn f Itensinn Is 2.475 881 bags, ui - IVb,1i.xtf j1,"'?''. than a ear ago, and , ,!i,nJ,,''17a, Darragh Magma Coppei Mother I.ode Mines Co of America D S S & At pf 6 Den & It Cnde 4 Dome Mines 7 Klk Horn Fuel 25 Hrle 1st pf 32 Krle 2d pr 23 Flnher Hodv 3J Sears.Roebk 116 Rears-Roe pf 116 S Por Rlc Su 160 S P H S pf 107 South III pf fi2 Std Mill pf 80 14 niuoeoaher pr ao Slocks in Brazil are enormous and the . 1 l.tt. Vn .nntinp rt lolor rau8.n?Ll."".,cV?" ' :: .. Tti,J ,Z. I Nevada Hills ine eisiii i ""Pi"1" " ""- 1 Vevnda Wnnrlei primarj markets to much lower levels .,?,",,,,,. Cost and freight offers are too high oh'0 (jonpr '. '. Io attract bujera here, and while tran- Ray Hercules sactlons in Santos coffee have been all Tov small, the situation has allowed holdeis' stew ait of mild loffees to make satisfactory Tononah rjXtension sales. , , L'nlted Verde In the local tpot market pr ces are 1 w" ,t Knd Con firmly held, but only a moderate business , Whlte Cans was put through during the past -week vPilnBton Toda a lesiemay-a j uoenlne rlo HON IIS Senlcmber o inv" "" o ,w 1 5, I III 1 .1 4 17 H S'l 31 31 1 3 '4 4 III 1HV4 on it 1 DetemleT Marrh May 111 Ires 1 s 72jrK 71 n VII 71V llll 9 07 Gil 12 H 80 11 (111 tl IS Short Term Notes ,. "JT' '. T.. " - a-".-T".L -"--"- I wyinv rinim. iu prrariit in Mm IV :":.v7;" " ... w j 1 i n ir, T.,. Amy in pairn oi ctjiujii, dKiimai innuu i "- BI rniiiAjjn rtu iiii.iu au IHI7 rXI)Oria iHfv iiiuuui. uiwiutiuib fi - '...: . '. a 1 Miller! were .ii- luiuiuit, nwica, rrr.-'-.-V"r"r?c'Tll::.?.v;f compared with 245 709 In June 1917 imporiH III luur o', li', guu.ugim ..mh-o, I c-impared with 26,181 500-pound bales In i June, 1917 cciion spinaies acme in June were 33 720.413. against 33,447- 037 tlie game monm a year aeo lTXISlll" IR ItWMlY I'.nFV TT THE fwrineresln beeetorire xlinv ?e Otahman Ne-bBn John r Hoilln Rnerles i- wsionnne ani i-ari " tt4ef the firm name of Neuhatl (Jt ra . has heen dissolved an or tl Oushman Newhftll and Carl .-!,l e , ll.(delriu partners rrBHjfN rRiniii.i, mm p hoi t iNnvvnnTti RHRLr-ar- iVAi.iniDQK fAKI. M MAI'F.H . smut til ewhaii. I'mirenman ft m MaKen over and will be continued aft Newhall carl l naurr ann warr. unner in nrm name m SMHrXnr. vllh of leea at 024 02(1 am rldz- Pbllart-lDhla. Pa., and a-.- NT-w T"-l "M. ni'MHMArr rriswriAi. ?S31. July "is,. 1018. Liverpool Cotton I Irerponl, Julv 15 Spot cotton ivas steady today with prices unchanged on the basis nf 22 04d for middling, old contract The sales were 1000 bales The receipts were 1000 bales, none American Futures were quiet In the earJv dealings July, old conttact, was unaltered at 20,8d NEW YORK BUTTER AND EGGS New lork. Julr In. lU'TTEK Itecelnta. USUI tuhf Jia'ket firm Extras. ,.. 0'her" unehanaed. iAr:rlKReretoi. 1778 cases. Market Arm. Homestke Mln 70 ilav Clec . 101 C S C I Pipe 16 c S C Ir I nr 44 Hurtman Co 41?4 P K Ind Al nf 9Hj Haskell S. Bkr 40 j s Rlty Iirm 15' Hit Agricul 16 j g fty 'mn I5,- Int Con Corp 1 lit pref ' 50 Int Con CP pf 37 ,, 8 8 J nf tu Int Har N J 125 vtah Con 81 ' IntJIarCopf 9b 1T s steei nflll Infrm- "..a G35'4 " W 3 rnvfeent " Car Cn "f 10T iS?NlAntpf " 89 K bhDe,'n .JI? Jewel Tea pf 91 West Md"d nf r' 4 Kan City Hou 18 " " - i'f K C F SX.M nf 59 ll " . 22 K-elly-Spgfleld. 50 West Pac pf. 62 Kngs CHL S.P90 wa iIt JS Kress H H... 55 JJ.es. Union . 87 Lake i:r & W. 9,i Srt,,nSp,10.u'' -b Ick Steel. . 83 Jhf'l & t- B 9t4 Iaiclede Gas. J2 White Motors 41 Ifr RubiTlre 18 T4 W llys-Or'd pf 21 Leh Valley... 59 Wis Central. SC 1. H My Tob. .165 Worth C i M I, & M Tob pf403U ,nref A - leoose-Wlles Worth P 4 M Bis Co .... :s Pref B .... 69 ' tlld uvji im nn ni llO'I 11(1 llll III 7Vi Italo per tent Due m foiton oil r. Sept IR Am TIT (sub.il il Ken Armour . Co B June Armour . 'o n June llaltlmore 4 Ohio 1 lulv llrthlehcm Steel 1 Feb llrooklrn Hap Tr 1 July l-anaillnn Pac Ry (I Mar C II CJ .4 July liela Hudunn 1 Auir Krle Hallroad ' Apr (leneral Eleitrlc B Dee General Lleclric n July H Northern Hy o K'Pt N Y Central .1 Kept Pennnvlvanla r'o 4 June Pub Her Cor N J n Mar Kern Arm U M C 1 Feb Southern Ily 1 Mar I' S Rubber B D'C Utah Secur Corn il Hpt Ue.fh ae II t )l O teb FOflEIOV OOVERVMENT 8ECUIHTIES Am lln Secur r. Aub '111 117 Anslo-Fren.h . r. Oct 20 2 Areenllne Oovt . B May 20 0ilJ4 Canadian Oovt . B Aue 111 City of Paris . n Oct '21 HJH Hepub of France r. Apr Mil OS Huaitan Oovt. . BV4 June 'in 42 Hunlan Oovt ... .1V Dec '21 41 Oovt of Swltaer. .1 Mar '20 1M III) K ol (I II.,. 1, hept MS ODJ. till K of O ll. , 8 Noy Ha 7 Un ICof O It.... B Nov '21 04'i Couvertlli Into Urnf-terro, boods, in tn 24 in 19 IH 24 21 ll 111 IlllVa 10 llH '2n loo '.II 7 111 07, '21 llll '111 OB in nnv, 111 08 10 100 2i m io n-i AUK i 11111 iiiii i li Mi ns nn 14 unI II4'5 07 07 10(1 100 II7S IIS 11014 7 (IRS mnv, M nn in'i u .a: 117 H7 4ll 101 im'i s M Bethlehem 5s 99 Cosden Oil 6s 77 Cosden & Co 6s , 77 Cudahj 5s ... ot Russian Go't 6',-h , 41 Russian Gov't 6s 4H Southern Railway 6s, on S'nclalr Oil 6s . 71 Todd Shipbuilding bs SB 1 li". I 2Vi II .1 M 1'4 4 4 14 CO n il 14 J7 I '4 1 -I I 4 i: in mi it B 09 HI XI 97 17 fill IM14 79 09 I'd JO 2(le II, 3e i, 1, bills 4 71 tiaiii' checks 5 71, ( ables 5 60 Lire checks 8 SI nbles h So Swiss i hecks 3 08 cable 191 Guilder iherkn 51. raiaes 51 I'eelas ( hecks 27 4o cables 27 6 Stockholm checks 14 20 i ables 30 60 Chilstliinla checks 31 20 cables it 1,0 t openhngen checks 30 80 cibles "l Jo rank exi:iur;s i IlTnk ilcurlncs tod.iv compared with tcr rrsnotidili ilav list two venrs ' ' 11I1S 1017 lnin Phlln tllll 7117 till J12 107 472 SIS till Ml llnstnn 11 117.1SJ II Sill 2( 'I (l lis ,. DIVIDENDS IJECL RED lTtlonl Carbon Connnrn fBiilir n.Ti terl ot - per cent on i rcfprrrrl Aiui l on romnion both Viijabt Jiilj 10 to Rtock of ret oril uBUPt 1 Plttflbiirch OM and Gloss I'omriin rfsu lar quarter.! of J por i ont vm ible Auut l"i to atork of rrrnrd Tul ill Kr8P Wheel Com pa m, teculnr i)uartPil nf 1 8 per cent on preferred pajable AUMiht 1 tn Btoek of record Juh liO Shattut K Arizona. Copper v.oinpan regu lar nuarterlv of 2V a share nnd usual extra JV dixtrlhut.o!) of rapltal both pajable Op titter 1 to atorU nf recrrd Heptemter 0 Vindicator Consolidated Got 1 MlnliiK Com pnnv fiuarterl) of 3n a Rharn piabtc lutu J" to alock of rforii Jul 1" Philadelphia Trust Compan resular duartern of n per cent paxaoie Aut,U!ii j SKSXESSsSStS Did You Get Your Share of the one billion dollars in cash dividends? Tbisi? the approximate amount ni-tnuutfr! to dale anion? holders of rcunlie li-terl and traded nn the N'en York Curb Old vru realize that there a-eovf 200 active dividend paj era cn the CVbs Of thee SO are securities of indutm' co-pora hon, 66 represent oil enterprises, "0 a'c fecunhc of minin? comparie We publish a .10-page , book of facts shout the New York Curb and the p-ofit word of its securities for distribution among investor" The book deals with fundamentals It traces the (rrouth of the "Open" or Curb Market idea from 125 ear ao to date, describes the organization 'of th Curb Market; outlines the func tions of this marVet and the im portant part it plajs in national prugren It ivcs the volume of trading Mnce 1910, lists stocks welding to 20, gives details about stocks that have appreciated in p-re 2;0co or over, and shos the tha-actc of Curb stocks and the opportunities for prnnUbie in-ve-ratnt in Curb tecunties. Tlrplione, for Hook lull nr Vlrltr No. T.C.-9(16 to stockholders of record July JONES & BAKER sRctiiuriiss Widener Bldg., Philadelphia Thoaea nell. Walnut 10D0 KrTitooe, Bice 2J0 Vnr irk PlllahnrBh Chtenco Boaloi, Olrrd Prtiiils trirti INQUIRY ou msy nena inr your nrtea, '2,H'l COUPON HecorJ of the .New lork Curb," Vamfl Idrfrrti u '4o llr HI J1, IBH RAILROAD EARMNOS "OLTHI3RN IIAU.WAI SISrKVI I.lnrs I-ist anrl West I tils lirrra First vv eel. Julv 2 ITH .111 J4II1 Hill From Jnnunrv 1. Tn 111 4(12 14 101 IIJ Oeorpla Southern anil Morlda Fltat week Julv I1S I MI m HIT Prom Januarj 1. 1 741 01-, 115 84S mrrrtoiT and mxckinvo First vvrek July 2S 1S7 $J (i3 CHICAGO BUTTER AND FGCS (lllrano. July 11 IIUTTER nrcclpts 11 Till tuha Kxlra crenmer 13', n4Vn Olhr unlinnirp.l BOOS Receipts 10 171 cases I'nciianitccl t , Brokerage F'irm DissoUes The firm of Xevvluill, Churchman li Co will lie dissolved by mutual consent totlav The business will be taken over nnd continued bv Cushman New hall, Carl M Bauer and Theodore D St.irr under the firm name nf Xewhall o. Co with offices In the Philadelphia Stock i:.chan(!e bulldlns and at 115 Broad way, New York IIIKFt TOBY OF ArrOUVTANT1 (Vrllllri) 1'iilillf Arroiintant LAW IIBNCK K IlIlOVVN 4 CO, 1 inn hkai. kstati: Titusr in do I INVFsrillATR & ADJUST PAnTNMtWItP 1 COnfOItATION & DISPUTED ACCOUMS -- Philadelphia, July 15, 1918. THE firm of NEWHAIX, CHURCHMAN & CO. has this day been dissolved by mutual consent. Cushman New hall Charles, C. Walbridgc John P. Hollingsworth - Carl M. Bauer TPlIB underBigned beg to announce that they have this - day formed a co-partntrshin under the firm name of NEWHALL & COMPANY, to conduct a general Bond and Stock Brdkerage business, with offices at 624-62G Stock Exchange Building, Philadelphia, "and 115 Broadway, New York City iJEWHALL & COMPANY Cushman Newhall Carl M. Bauer Theodore U. Starr BIrmbers w ork and Plillaileliilila Stock Exclianfts Pisrrd b Hip Capital Icsups I oniiu !(''' nat until InlrroM but without uppluval ot lfjllt Opinion "So A771 nc, I liiiiinii, itlblo "llll Ilia vullOllv, vvorlli ur aeturlt General American Tank Car Corporation (lni cirpuruteil uniler thr Ihvvn nf the stnte of Nevv ork) First Preferred Cumulative 7 Stock I'nr nine I llll ll,lunil .Inn. I, quarlerly I UMT l,l. TI( (lkuril u nil to be Presently IksufiI) even per rent. ilinillutlv e I Imt Preferred Sloik . $3,300,0011 even per cent, t'uniulallv Gerund Preferred Stock 1,000,000 Coniinoii Ntoik (no pur value) 30,000 nluirrH A sinking fund provides for retirement of First Preferred stock at 110 if not obtainable at a lower price Uener.il Aiii.erlc.in TanU Car Coiiioratlon of Nevv York owns all the capital Moik of (.leneral American Tank Car Corporation of West Virginia, the earnings of which were reported for the calendar jear 1017. as follows: Set Profit, after deduction for llxieiiheic llrprerlutlun. Interest and all other clrdurtlona . . . ,1,S0,303.6J Federal Taxea .. . 364, 307. IR iiw.wck for iiimoi'.mis . , fiJBMoe.u One ear' IntrrrM on $1, '100,000 First Preferred ... Jt5,000 00 EARNINGS FOR 1918 ARE RUNNING AT ABOUT DOUBLE THE AMOUNT EARNED IN 1917 Net Assets at piesent llrlces equivalent to over HO" Per share on First I'ref erred This Company Is exclusively engaged In the manufacture and rental of rallioai tank cars The plants tire located nt Wan en, Ohio; Calumet, Indiana; and Sand hprlUKs. Oklahoma The Company Is now producing at thee three plants approximately JO Lars dill, nnd recent additions give the Company the I.MU.I.ST TANK VMl CAl'ACITV 1 TIIK MOItl.K We ofTer subject to sale a limited amount of the above stoclc Price 93 and Dividend CHAS. D. BARNEY &CO. , 122 South Fourth Street IS Broad Street Philadelphia , v New York Ths ttement ronUlntd heieTn re not suamnleed. but aro based jonlnformA. Hon and odvlc vv tilth we belitve to be c curate and reliable, und upon which we hive sctcd In purchaslne thess securities. .T.L.-9A0 NI L x'i, 1 f . ,r j Ji r ' ..ts WWM. JSi v.S kfi y
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