WSffSr' EVENING FUBLIG LElMlERPHllfiLPHm WEESDAY, JULY AlTgggfl '" L". . 1 ij,. ffaJ '' fi'ffiW Lrt t r anou; rate fwtt need high and as on securities ftrk Curb. If- . M r 'Pfccne fop oaklet i in handy referenta Maud Low Prices for I; alio for the first i ,'ftls J tar, and for tit lt(a 400 atorka I In this booklet which. I to Hiah and Lo nrices. idd rite.i, par value, k, and other data for : reference. r-vv m Booklet T.l;,.9fl7 -,imw on rcqupsi; S & BAKER :sEcuniTiEs Bide. Philidetohit jfViB n,ii, winut ieo '- RPfHOHP. HICf i-1W "'York rittxhnn-ri MM flnatfnn kfHrttt Private Wire uJTmi mar .id m ur booklet f 4 T.l . ymw iVWS OF T FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES IHT-MARTIN (AFT inV history of the aero- VtTttUr Wrivht Brother t!aad" Gten L. Martin' 2totnti. Jtn.li plant obtained from Stlio Government What Ala mean in production. aritli company making 'ai.T? What i it !y(HMBcial condition? Tho KamaaiarcJal possibilities? II rvlef rrntre mill r Major t.eii"rin uopirai' M I roniTllon riiniin. Rniallle-. KntrrprlkP bjr ump or the- crpiil-t ill in .,nirncn. i niDi'itin :, now r-iiilv, mnllnl uiran tkt, ml nr menllnn MM 13 HEAVINESS DEVELOPS IN EARLY TRADING ON NEW YORK 'CHANGE; TENDENCY IS TO IRREGULARITY Action of Market a Disappointment to Speculators, Who Had Expected Rising Prices Dealings Continue Professional, With Business Slow New York. .Inly 17 The HRht-veif-ht. Kpcculative continprnt vvai disappointed on the te sumption of business on the took exihance today, as the niKiket In stead of nl!lnR upward In IIhp with the buret of strenRth In United M-ttes Steel, which had carried the Hit upward In the closlnt Irnnuc tlons of yestereliv., developed heaviness. In the rally tradlnc the nveiw-e f bowed losses, with Steel off 1 point to 104v,, and declines In other Issues of 'i to, In B-ildvvIn Locomotive, Corn Products and Headline. In some caes the loscs, as In the tape of Ameikan Can and United States rtulibcr. ipprcscnted profit taking, as the Issues mentioned are at new hlcli IlKUies on the movement. American Sumatra mule Its usual speculator movement, (lecllnliij- fi points to 119',. or wilhln the fraction of the low price, and lalljlns to 1S04 The dealing contlnupil piofcvdotml and the market whs slow in Influential quarters thn point was made that, while the Americans and thrlr Allies had held up tho first Ocimaii rush of tlu? Breat drive, then was little doubt but that the .lists of the onslauKht was still to conn-. AccoidlnRh It w.s IndRC-l Rood policv to R waril In the securities niarAMde from this suuunonlm up, In the cencral situation, It was clear that In some stocks including Corn Products and United Unai Moic-i, some- of the pood news is out. for the moment at all events. It should bn nte.l. hevvevcr. that the rop repardlnB "11 "C the sto ks named is "'"'witl, S'pwrcw of the momiUR there were ir.eBular. small rallies fr,mv:iudJ:;; r:,., ,.-., t. ,--.., --- attitude of tl,p Ihirp financial Interests and the Government .elathe to piousicm foi the llnnntl.il neLCssitles of the hour. iVeto York Stocks Atlv Ttumelv nt. AJn nuhber Alaska Gold "Mine. .. , vuiirnu .,, vi AUle-Chal MfK. ... ari Am Atrr Chem no' Tjiat rlnso 41 04 2' Am Can Am Car & Kdy. 1)2 47lf 84 ( Am International, flijf (SELLING IS RESUMED i IN THE CORN MARKET i ! f i n :.. .. n.....ilr Re. 1 1 Lrooti miyiiiu " -" ccipts Arc Running Higher. Onls Start Easier r&DEEKY , Can, ftwk T.x. et N. V. Blda.. Philadelphia, Pa. AJMI.W.I 40ni Krr.. Rare 40(10 H.?T. IWIrf. 3n llrnnfl St. Tlvotr it ir'i JpMIiik Of opeillllK tills was wcaUpr falrlj good Zg&yQS&S w & .-ff l f Uavnnr v;QtJR July list of bonds and i j ahort-term notes con- VatnJ fifty-nine offerincs of ajpajtctirities which are attrac- re at present prices. II also K'cs condensed fcriptions of twelve ts- rZPfei' vieltlinff from 4.35 frhis ! "-hould he of in- Jfrest, to ou ' 1 Bend for rF-no lufeNationalCity jmCompany IrZT " . ffmitenttnt Open i so CUui ilahia 1421 Chtitaat St yiJ.Teleplione 531; Locuit r-akti Ttrm fialtit-Aenptaitett JULY COTTON HIGHER; MARKET IRREGULAR New Crop Positions Two to Eight Points Lower on Fa vorable Crop Progress LRfrGi j" t&.. ft?. . Government Ui E.1W mi m mr j 'g. luunicipai Txi liuIllUClU ifjLPiihlin TTfilitv v "'"' ..- Industrial BONDS Philadelphia Baltimore riilmco, Juh 17. ciirn was resumed at the inornliiR, and thp market On the lirpaU. there was Innlns. with a recovery. Some of sestcrd.i's largesi sellprs were .imonn the Important purohapers The trailp ppeined to nttneh a bearish slgnltlcnnLP to reports that the food ad ministration will shortly take up the luestloti nf lorn prices Receipts are unnlng heavier ihan had been expected, mount np to 439 cars here todav, and the percentage of'fontract Is hlslier. At e. tarn time, the strenR'h of Rood cash w.pn 1 inoUml unnn as a strone feature ulv opened at II EH'i 1 K9. aRalnt I bn- at the end jestcula, and rallied i Jl0 AURUt opened at S1.80U 1 r,'i?4 coninred vvllh Jl 61, cstpr- da's last price, and moved up to tl.61',1. .septt nihil opeti'd at ?l r.H'4 lit 1 B1 j, igalnst Jl m. jeaterdaj's lat price, nd advanced to Jl Oats started easier on nattered soll iik lo eoinmlsIon houses, but met with i Rood demand and rallied Sentiment ns mixed but tomml"slon houses had ulnR oidcrn on the dip The recelpls lere toda were 233 cars - fnlv unineil. unchanRed. at 75' jc and moved up lo 7flc Aupust started at VlTi'lo asaln't "2-,r at the end jestenlaj. and rose to TJ'jC .pptcm her opened at 7()3fi 7il5e aRainst 7(a,e, tsteiila's last priLe, and ad vanced to 71c The receipts of wheat at Minneapolis and Dulutb today were forts -nine cars, toinpared with elRht-n!ne cars last jear, at Chicago twelve cars, against sixteen cars, at Winnipeg twents -seven .11 . compared with 245 ears I.eadlns futures ratme'l " follows Corn ln 1'ler ' AUB f.pt 1 ' Ml 17' i 77 41'i Wis bl . in . M'i . 66 . sl, 101'j ,. ) . 27'4 UP:. . ll'i . . 2X'a . n . bl'i . 147U. . 40'! . . cs . 34 . W ;.r.' , 41'. 7,'i 24 74's Pf. Ii2'i we;. 45', 31'i i.y, ("' :ii'i . 81 . 10S . Hi.' . COTTON 11EI.T KTIIFR I ONOITIOVX WnKhliurtmn. Julv "i-lTliP f"Uoln temperature were reeorded In the rntton helt tlds mnmlnir: .... Nnshvllle 10: Oklahoma. thMtanoorn. KtiosvillP. tlnto. nnnnh, WllmlnMnn. Tnmim mift JnrkMinvllle. l Inn Xntanlo, Memphis. Meridian. niijtn nnd Tlwniny illle. 74s Cnrpu. ( hrlatl. Knrt Smith. Mttle Rwk. lrkhur. New Orleans. Marnn nnd 4 harleoton. ini Mlene. "hreveport nnd rensnrntn. 1 (Inliraton. K. , There una .01 Inch ef prerlpitntlnn nt Mnntirnmeri. .nt at Atlanta anil .06 at Nft.hvllle. New nrk, Jul 17 The cotton market opened Irregular, with July 35 prints hlRher on belated covering by WhII street shorts, while new crop positions were 2 to 8 points lower, due to selling bv local traders on the Memphis Commeiclnl Appeal re port, which said that the crop had mane favorable progress over 75 per cent cf the belt. After the opening the market rallied a little on dry weather In Teas and expeetatlons of a rather bullish weekl weather report at II.ocUmU Vet. in no in so lino n in t in rinse n m am am a in n in 1u! 27 01 I'M 2"i . . . . 28 nj Vuk 21 411 't 21 7" 2" n 21 tn 2i 20 2i ID 2"i 2" Dee 24 .17 24 .10 24 41 24 VI 24 01 21 17 Jan 2) OS 24 00 J4 Jl 24 21 24 1J Jl 27 New York Curb 70S 7JV 7t"i 1 J i mT Oata - us Sept l.nri July Hei't ItlliB Jul i-ept Work pt ', Oil 4.110 HH t sked i.im 1 ,S4 JO 1 ' Jfi 2. JO 111 7J 7"S :i jn ;n i . J4 no 21 so ;i " 4; in tn i -n't l wi i isi, i (!' 72, 7JV, 7"" 7llS Jll 21 2 1 1 J'l JJ Jh 1 I in t24 70 J4 l il 4121 lino Financial Briefs m c -J rnett Oil&Gas HOT 80I.II (1UOTRU j?e ant ice I William St.. N. Y. tit IMC '-"Merton R. Alexander Stock Exchange Bids. ' The New Vork Subtie?surv gained I f42l,onn from the banks vesterday. . making a cash net gain since Friday or 2,280.000 I earnings of the Kev stone Tire and Ilubber Company in June amounted to 113,363, compared with 1116,133 111 1317 and J2I.341 III June. 1316 Liverpool Cotton llverpnnl, Julv 17 -pot rotton was nulet toda, with prices unchanged on the basis of 2J 04d for middling old contracts and J I 'Sil for good middling new contract? The sales were 1000 bales The receipts were 3100 bales, all American The market for new future contracts opened steady at an advance of 8 lo 12 points Old contract spot prices, were Amer'cin middling, fair. 2-1 35d : good middling 22 67d . middling, 22 Old ; low middling. 21 51d . good ordlnar), ia r.rl i.t.l nrrllnnr . 19 UDd -'.''. .. , .w- nl. .1.. ci nnA 1n. D.IhiI The louowinR lanii' hi mc iHiuiiirririi" . of new future contracts, to i. au p m,i(ouion uu . compared with previous close- ,Merlrtt Oil open limn liv. u so I'reVa. I Midwest lleflnltig p m .Met 4etrol ..in - II J2 no JJ"i -"l no Oklahoma Her .0 7h 20 ' -o T1 -" " 1IIM 10SS 10 84 10 87 111 is 111 .10 1H 34 111 .14 111 US II III 1 US 10 04 1NIIISTRMI.S ma AeinT l'vnloslvrs IVI. Am Brit Mfg . . 3 Am Ma-oonl 3 Mr tledncllon Am Wrltlnt Paper Z Canadian Car f'n "8 Con Car W F) pf . . . 10 Charcoal Iron . Chevrolet Motors .II-! Cramp . . .18 Curtlss eroplane 30 Carwen Tool . . 7 Cirbon Steel . . Ill Hmereon PhonoRraph. Hi federal Dv e ... Mendee Mfg . ..10 lake Torp Hoat .. 4Vi I.ehigh Coal ''ales an 1 ima I.nromotive ..41 Maxim Munitions . i Mailln Arms . . 11 V V Shipbuilding . 38 Nor Amer Pa Pulp Si Otis (-"levator . 47 Peerless Motor .. ..If Poole I'nc 00 Redden Truck 'erlpps-Booth . IS Standard Motors 12 Steel Allojs . "Submarine I" St Joseph l-rad . M1 Todd Shipbuilding Triangle Tllm .. . t'nlteri Profit Sharing "4, t" S Steamship . . I'nlted Motors . 3J'4i Lotted Sugar 30 World's Film . H Wright-Martin Air 10i Zinc Concern J hTinBII Oil IlllnniR .. . 11 Ohio Paiirle Pipe S O Cal . S O N I SON.V INDKPKNnl'.NT I Barnett O & G . . . .Cosden & Co.,... Plk Baeln Federal Oil Test ctpe Vsk 15-), A 3". 13 2"', 31 80 8V4 131 83 40 W ll.l 2 20 81 18 (a lei IS Is Hi 115 1 Julv uut &,ptember iiiuiIk r "Suvvmber nice Oil 20 70 j;;A Sapulpa Uef is us Sequovah Sinclair 3 1 "i is 218 .111 574 Oil. ft fl1. . ftlfc 2 14 in 5.1 .114 , IX. . 1 81 40 17 10 15 30 I2'4 a 17 1.1 03 ' 35 "J, 3.1 4. 101. 188 358 585 .. 218 Am Ice Am Hide & Lthr. Am it 4 Jd pf.... Am l.lnHecd Am l.buertl pf... Am Locomotive. . Am Malt Am Smlt R. Itcf . , Am Smt A Hf nf.10. Am Smt Sec pf A. hl', Am ,Stl Fot-ndrles. 71 Am Sugar Uef.. .1111, Am Sugar pf ....lln Am Sumatra Ton 12fl! Am Sum Tob pf.. ts'j Am Tel & Tel.... r,i, Am Tobacco ...,1(X) Am Woolen 'i, Am Woolen pf. .. I4, Am Wrtg Pap pf. 2S Am Zinc u & S.. Anaconda Cop . , Atch Top & S F. Baldwin Loco . . Halt & Ohio Beth St Class B. Beth Stl 8 pc pf Bklyn nap Tran Booth Fisheries., Burns Bros Butte Copper . . . Butte & Supr... California Pet . . . California Pet pf. Canadian Pacific. Cal Packing . . . Central Leather... Cerro de Pasco. . . Chandler Motor... dies & Ohio Ohl Mil . St Paul. Chi M & St P pf . . Chicago n 1 & Pac Chi It I & P 7-i pf. I'M It I & P 6 Chile Copper. . . Chlno Copper Colorado Fuel & I. Colum C, & i:i Corn Prod Uef Crucible Steel Cuba Cane Sugar . Cuba Cane Sug pf . Del & Hudson.... Del Lack K. West. Distillers Secur... .Vi'j Lrle l.-,ij Cries 1st pf .TJij Fisher Body .'tf's General Cigar..... 10' j General Motois. . . 15 J General Motors pf. 8P2 Goodrich B F Co. Granby Consol. . . Great Northern pt. 3t N cfs for Ore p. Greene-Cananea . . Haskell A. Barker. Inspiration Cop... Interb Consol pf . . Int Harvester N J.liVi Int Mar Marine. . Int Mer Mir pf. Int Nickel Int Paper Kansas City Co. Kelly Spring Tire Kennecott Cop . . Lacka Steel Lake Hrle A W pf. Loose. Wiles Bis. . Lo Wllcii Bis 1st pf Mi Maxwell Mo 1st pf fifa Maiwell Mo 2d pf. Mexican Petrol . . Mldvale Steel Missouri Pacific... Nat Cond . Cable National Ln & S.. Nevada Con Cop . . New tork Cent. .. .V V X II i II orf 4 West .Noithern Pacific. . Ohio Cities Gas... Ontario Mining .. Penn II n... . I I'eie Marquette. . . I Pleice. Arrow pf . . I Pitts . West Va.. I Pressed Steel Car. iiv nieei nprijig.. Bay Con. Copper. . Heading nep In n R. Steel . St L-San Fran .. H, Sinclair Oil Hef . . . :ui Southern Pacific. . S3'i ho Porto n S rts.. Sij Southern Ry .... '2Vi Southern H pf.. . li.t Studebaker Co.... 4f'i Teiin Cop i. Chem. in Texas Co 14".,. Tohicco Products 04'i Tllsh 41',' OX'i .! 34 irj 47'j !! 17'" 7V( Vfi I.OW 41M O-Vi 3'.' 2U 34 OJ 4C.f 6.1 32 17'i 77'f 4J) S 78H 78 12.": IIS "o'l'l !I4'4 71 08 00 .i8' 114'i 2110 pm. 4H5 63,' 3' 2) ,'il OJ 47' ' Rl'i 6.) 3 17'f 77'i 42',' 78Vi 122 OS G' JiOJt 04'f 10' 4 M-i MlJi 81'i 1!)', 07J 84' i h7U SI)' 101'-; llll'f llM'f 39i 31', 304' 10' j fi7'i 84,- W'4 60 81'. Jil i.i' 20 1Si 2S', lVl 2S!i 18'i 07 '5 G75-; G72 S.J ub'2 31',' 4V, ti'i l.'i 81 ob'j V:.' 4 24 7.1 M 44', 44"i 05 t 55' j 15', in'.i n" 32"4 10 404 77 n, 321. 4-'H 4l'j i.t 37 OS' j 20'. 3-,t, IS . to 31', o-".' 21 , 25' , " . th'a 51 2.1', 10 Sl'i . 10', 71'j .18' j 111.1 . 87' j 37V 11 44 14',, 07 . 35',' . 0.5',' . nou 24',' 151' 81' 47 lol'l 81. 47 S3 50'; 75' I 21 71 M 45 31', 15', CJ'i 15 151',' 81', 17 New York Bonds 4T, 51' 1 37', !N' 30 .17 :t.3, 8.1 ', 37', 07',' 20', J7 31' M :'S', 5I. 07'. 50 23' j (2I'J 10 20 , l'i 3S', 37', II 4t m GO 10 20 71',' 38', n . 5.1', 37',' 08 20', 37 81 .,,1 7, 51', 23' 3 10 '0', 71 ', 38V Mich 1(1(10 Am Agr 5s... 964 19000 Am Agr deb Us, 94 'I tOOOVvm-For Sec Bs.lOOVf, 2000 Am Sm Sec Bs. 7i 2000 Am Thread 4s. 98 1000 Am Wr Pap 5s. 84 64000 Anglo-Fr Bs.. 92 4 BOOOBalt & Ohio 5s. 784 3000 do ev 414s.. 79 6000 Beth Stl 5s '36. Sl'i 2000 Brklyn n T Bs 81 3000 Bordeaux 6s. . . s -a, 1000 Cent Leath Bs. 1,1 it, 6000 Ches AOrv6s 81 j 1000 Chi & K III 4.. 8J 2000 Chl B & Q 4s . 94'. 2000 Chl Mil A St P rfd 4'2s .. 67", 1000 do cv 4 '4s. . 76', 1000 Chl m&P rfdts 67'j 47000 Col & Sou 414s. 72U 44000 City Paris 6h., 82', 10000 Con Gas cv 6s 99'i 6000 Dis Sec Cp 6s 86 1000 Dom Can 1931. 91 , lOOOKrleev 4s SerA 49 1000 do 4s Ser B. 4 81, 1000 Gen Klec Bs.. 98S 16000 Gov of French nep fiifcH.... "8 2000 II . M rfd Bs. 61 ' 2000 Int n T ref 5s SON 10000 Hit M Mar 6s. 17 1000 Japanese 4as 86', 10000 K C Ft S & M Cs 1001. 2000 Laclede Gas 5s 18'. 6000 Lex & F.rle ns 91 2000 Llg M T 6s 90 2000 do 7s . . ..111'.. 234000 Mb llonrf 3 V4 09.85 101000 do 4a . ... 91 113000 dn 1st 4 04.10 373000 tin 4 Via ....0.1.08 143000 dn 3d 4. 04.03 JII00M & St L 4b. Il'b 10(10 Midvale 5s SKL. 1000 Mo K & T 4s. (,01 9000 Mo Pac gen 4s 68 36000 X y C & H 6s 94 "j, 10000 do 4s 77 2000 do 4 '4s 7. , 10000 N Y Cv 4s '58 91 S4 9000 do 414s '60 . 9fi 1000 do 4148 '64. 95. 3000 N Y By 5s... 24 4000 N01 Pac 3s... 60 , 1000 Ore Short 1. 4s 81 , 2000 Pub Ser n J Bs 79 soon Heading 4s . 8J 1 2000" It OrAW clt 4s 50 inooo Sinclair Oil 4s 91 -. lOOOStL&SF ajtw I 68 4000 do Ser A w I 69', 1000 Scab A L adJ5s 66 1000 rfd 4s 57 5, 2000 South Pac cv 4s 79 1000 South Itwy 4s. 62'4 40000 Toklo 5s 82 4000 V S nuhber 5s 79 '3 4000 V S Steel c t Bs 99 '4 13000 I lv it HI! & . I 6s 99 "4 8000 do 514s 11 '19 in, 67000 do 514s '21. 951,4 1000 West t:iei Bs. . 'Ifii- 2000 West Md 4s . 6()'i I eiw 2 p m 964 964 94 '4 94 'i 100'4 100'b 97 '4 97U 98", 984 84 84 ! 92 '4 78'4 78'- 784 79 81't 81'. 81 14 81 'f 92'. 924 91's 9314 81 , 81 ij. 8' 82 91', 94', 67, 67", 76". 76tj 674 67'? 72 V. 72 ' 82 4 82 , 9H4 91 14 86 86 91", 91 , 49 41 48, 484 98', 9Si 97', 51 'i ROB, 97 86 '4 1 0(1 1, IRi. 11 90 1112 0D.18 D3.no 01.94 9190 03.94 4Bi2 88'- dOt, 58 94 in ", 91, 96 IB". 21 60 'j SI -, 79 8.1 T, 50 911, 68 59', 56 67 s 79 62', 82 7'i'- 91 99 "J 99', 944 96', tiOU 69 Vi SUN 97 86'4 lliu'4 IS'. 11 1(1 93 01 1)1.01 9190 1)1.91 45 h 88' KOI. 8 " 14 70 ", 91 96 95 21 60'- 81-, 79 83', 50 91'- 68 59', 56 67", 79 62 '4 8' 79'4 19 99". 99-4 95 961. 60 ' Philadelphia Slocks Hllh U 300 Gen Asph 34M 34,4 26 Ins CNA tt V4 1810 Lk Sup C 21 V4 lVh 3B Leh Nav. 811 V4 .10 Mldvale.. .11 '" 45 Penn nit 44V4 41 188 Phlla Klec 24 V4 24" in Beading . 8814, 88"4, II So Par.. 83V4 3U 2030 I S Steel 1044 I04 niiNDs lllah t)W V, 14 Net 2 r M. rh. 34 26V4 21 69 Mnf. 44V4 tV 88 104 2 V M f M. - f Vfc - Net rhRP. .10 .08 vnn I'll v 4s '46 reg . 96 H B14 96 H " 1000 do 4s '41 98V4 06H nV4 I 20nn do 4s '39 97 07 7 . . ;nn Lib Bonds 3 V. s. . 99.70 .3n .- 9800 do 2d tsl 3.0 It 1310 do 1st cv 4s . 91.60 93.80 1)3.60 loin do 3d 4's. .96 9.1,60 96 3300 Thlla Elec 1st Bs .91 93 93 .. 3000 Heading gen 4s. 8.1'i . 834 834 4 PHILADELPHIA INACTU'E STOCKS Tollovvlng are quolatlons for Inactive Monks lIMed In the Philadelphia Stock Liclnnge and In which there were no transactions today. The price given is the last previous close: A O war.... 1 '4 Lit Bros .. . 25'j Alllnnrp Ins. 19'i Leh Val TT. . 20 Am Bwvs pf. C6 Amer Stores 29 Amer Sirs pf 92 Baldwin pr .100 BulT el S Ic 64 Baldwin Loco 89 IJ Buff e". S Ic pf 4 8 Cam Steel. .131 Citws 1st pt 62 Catws 2d pfN 64 Con Trao N .1 66 14 I rle 15, Ht & B T 10 lit B T pf. 17 Kev Tel 8 Ky Tel pf.... 60 Leh Val Tr nf 26 Little Schujl. 48 N J & S .... 89'i No Penna . . 86 Phtta Trar .. 67 14 Penn Traffic. 2 Ph & West.. 6 Hav Cons... 24 '4 U Co .V .1 ..185 Union Trac. . 37 V S Steel pf.110 War Ir & Stl 8 West Coal . 74 West Jer 4 S 39 W Cramp ... 81", York Bvvy .. 31". Short-Term Notes nale -Amer Cotton Oil .1 Amer TAT subs 'I Armour A Co Armour A Co Halt S. Ohio liethlehem tllefl. Hrnokln It T Can I'aelfle nw c n Q n II Del t. Ilu.l-nii . Krl It It llenral Cteelrli General Klec trie Great North llvn V V Central Pennavlvinl Co Pub Sr Crp V J It A U M C Co southern llwv . t' s ltubler t'lah srur Corp II Weetlnah K t. M II .1 II 11 1 .1 1 11 Due Sept '18 Fel. June lune luly Pel) July Vlar tub Aus Aprll Dec lub -ept f-ept tune Mar Feb Mar Dn sept Pell nid 99 , 99', ns' 91', R' 99 , 9H', 99 94', 97'. 9R.', 11 , 20 100 JO 07' 19 21 '19 '19 '19 To 97 flO 9(1 9(1' a 98', 100 SI 99', A,k 99', 99. 99", 9-.4 8, 100 96". 99', 94'J 17', 97 100 inn", 7, AS nn'2 96", 97 U 98'5 IOH'4 87 99, LOCAL SHARE TRADING IS SMALL, WITH LAKE SUPERIOR AND STEEL ATTRACTING MAJORITY INTEREST tr Small Advance, Recorded Early by Former Stock, Is Lost, but Market Tone Is Finn General Asphalt Gains Slightly There was little activity on the Philadelphia Stock I"chan-e durlna; lodaj's early trading, but genetaily the rnaiket tone was firm. Slight reces sions followed the higher opening for n few Issues, the action of the list bclns somewhat like that of yesterday forenoon, hut with changes narrower. Lake Superior and United States Steel common made up nearly nil the business during the forenoon and, after opening at 21 , n trifle above yester day's close, the former reacted for a small loss, but recoiered the decline be fore 11 o'clock. Steel was much more nctlve than jesterday, but, In line with the course taken In New Vork. It was lower. One block of 200 shares of'Cleneral Asphalt common came out at 344. or 4 above last night's cloie. Philadelphia Hteclrlc lost a small gain recorded on the initial sale, Insurance Company of North America advanced U, Lehigh Navigation dropped nn advance of '2 nnd Mldv.iln Steel appeared unchanged. Reading was lower and Pennsjlvanla sold without loss or gain. In the bond division the first Liberty Loan 4s were active, but held steady at 'esterda's dosing quotation, while the second Is were strong. . The local financial dlstilrl was much interested todav In the announce ment that the Pittsburgh, Cincinnati, Chicago nnd St. Louis Railroad, com monly known as the Panhandle, of the Pennsvlvnnla Sjstem, had declared a semiannual dividend of 2 pel cent instead of IVi per1 cent, the same as was paid In 1917, and a statement from the boaid Infertlng that the Government had objected to 11 continuance of the usual rate Natuially this infoimation caused a discussion as to whethet 01 not a simllai course might be. expected In the cases of the regular Pennsylvania Railroad dividend and other loads. The statement from the board was as follows: "On June 26 the board defeired action on the semiannual dividend be cause thjs companj., having commenced business on .Innuaiy 1, 1917, as the result of consolidations had no dividend lecord for the three j ears' test period. "Therefore, In accordance with the net of Congress, it applied for the approval of the Government to the declaration or a 24 per cent semiannual dividend, the same ns It paid In 1917. The compan Is udvled that the Gov ernment has no objection In the pavment of a semiannual dividend of 2 per cent. "In view of this deteimlnatlon b the Government, the directors havo declared a 2 per cent semiannual div Idcnjl." The Philadelphia nnd Western Rallwaj Company cppotts gross earnings for June of $51,165, an increase of $J279 over June of last veat, and a net of $22,894, a decrease of 11342, continuing" Increased operating epenes te during the profits, for twelve months the gtoss was $ji,"01. n Bain of $52,164, and. the net Has $261,867, a decrease of $64 JS Fortrciciv gov nnwtRNT PKcprimns MOMKY-LENMNf; RATES NKW IORK Moiipv on tall, mixed collateral, opened todav nt 6 per rent for lending and renewing On Indus trials, the opening rate was 6'- per rent The tone of the time mone nnrket is one of pronounced strength There Is little motifv being offered, but the de mand does not appeal to be uigent Transactions nie light, limited inalnlv to lenewals Quotations ari unchanged with 51. per cent bid for all maturities on good mixed collateral, and 6 per cent on all Industrials Prime bank arceptances are unchang ed at 4,", and 4 '4 per cent for ellgihles; 4?, and 4 '4 pei tent for non-tneniber ellgihles and 6V4 nnd 14 in 1 cent for Ineliglbles I-IIII.ADM.rtllA Call. 6 pet cent I time. 5i,i6 pe tent Commercial paper, three to six month", BfiG pr cent : six months 6 per cent 11 Reserve BanW Di-count Rales 30'i 37' II II 43', 44 Official discount rales at the twelve Federal Uewerve bank were ns follows: (The first column elves the rates for all periods 1111 to and lncludlntr the flf-tten-dav maturllv. the second for n period of sixteen to. nlnetv davs The third and fourth miliums ale the rates for rediscounts of collateral loans se cured bv Government bonds 01 notes ) Coni'lpiner GoCt nioer til In 'Kl 111 In llll d-na iismi 1,1 cM, ilaa 00 HI 31!' M; Vi 31 H 83 .-.'.' Union Pacific United Cigar S . United Fruit ... U S C I P ". F. U S Ind Alcohol . U S Rubber U S Steel Utah Copper ... Va-Caro Chem . . .Wabash Iwabash pf A , Nvbash pf B... westing 1; v ;u. Willi s-Overland .121 . GO .121'. . 1.1 . 124' i di 4.' j 03!,' 121', ()') 4,l5 10' 02',' 121', '19 14'j- 123 n.i. U', 121 02'i !(.'', lflj'j KM',' SI', SI so; 41'i- 10',' 41W 12'i 19'.' in- 41 42' i ' in'4' 41 42', i, or, GO S.S', 01 3I3J S.P. .v,- IV' 10', ' M'i 121', 00 14' 121 02), ldi SI "lu 11 42', l'l4 floetnu New Vork Phllurtlpliia CepUnrl Itlrlinion'l Atlunli I titi rfwn M l.ouls MlninMpiiH, Nan, a, 111 flat) 11. San Francletu I"! I I t '. I'. t I t 1 I t 4 : I. i i". : )'. t ft- c. ' I", w 1 4 "4 V 4'. 4'. 4't 't '. 1'. 4't 4'i I'l I ((REIGN FACHANGE New InrU, July 17. The foreign ex change niaiket was (inlet and the only feature was the eas tone In pesetas Swiss were weak at the opening, but improved a shade Quotations on Stock holm were higher The market was generallv firm. Quotations weie Iteniand sterling 4 75 5-16. tables t7i. 7-16, sitj-dav bills 4.73, nlnct- dav bills 4 71. Franc checks 5 71",, cables 5 69', Lire checks S 81, cables 8 80 Swiss checks 3 98, cables 3 9.1 Guilder checks 51 '4, cables 51s. Pesetas checks 27 45, cables J7 65 .Stockholm 1 hecks 35 26, cables 35 65, Christians checks 31 JO, cables 31 60 Copenhagen checks 30 80, cables 31 20. IUNK CLERINGS Rank elearlnc, tona compared with ror responding: dav last two 'ear, 1918 1917 1910 Phlla ISO 778.747 1 10 43 On' 141 17.' O.'O Boston . n nnn ;nj 46 un vi 12 978 4211 N 1 718 081 071 712.(111 4111 41." 111 111 Amer For Serur Anlo French Arffentlno Gol CaiiHclian Govt Clt nf Pirl, Itepb nf France .V, nulan Govt ... n'l Itiisslan Knit , . '.', Sls fioil .1 t' K of G 11 I 1 1' k of CI H A I V- c infoni 1 sh Vu Del Mv A ut ile! April Tune Ilec Vlar Sept Vnv Nov '19 97 '20 92'. '.'II 9HS 19 97 Jl 8J' 19 97', 19 40 21 41 Jll ICO', MS 99", 111 117". I HP. 97'. II.", 97'. 97'. S2 9S .10 47 mm 91', 97 'i in'. Government Local Market Reports Convertible Im. 1 Inns-term bond. BOND REFUNDING PLAN War Finance Corporation lo Make Ad vance lo Commonwealth Power Co. fielders of the JS 017.000 Common wealth Power Itallwav & Lleht Co 's flve-etr 6 pel cent convertible bonds, due May 1, 1D1S, have been notified of a part pavment and refunding nlan bv which the War Finance Cnrnoratinn aglet s to mnke an atlv am c of ?2,400,n00 to be repilcl with Interest at 7 per cent In stititl amounts prior to Mav 1, 1923, providing holders of matured bend" take at least 70 per rent of a refunding Issue In accordance! with the nlan th ai. lectori" have authorized an Issue of $8,- h-i,uuii nvi-jrar c per cent secured com verlible gold bonds dated May 1, 1918 and due Ma.v I. 1921. ancllinlilern n nf. fered option of accepting for each $101)0 matured bond SI 000 In new 7 per cent iimiiis ana t.i 111 rani, repicseuting 2'2 pci cent cllfcoimt 011 new bonds, nr $700 in new 7 per tent bonds, $17.50 In ensb lepresentlng discount and 1300 in cash icprcsentlng pa-mrnt on principal with 1 ri ceiu lllieii'Sl to date of pi.vment This daily report is sent 7if by the Bureau of MarkelS'Of the United States Department of AprtcuUme, Philadel phia bianch, with hcadquartet a at J" JJ Insurance Exchange Building. (Wholesale prices on larue lots to Jobbers based on sales at the) various railroad depots) KRUl rs Al'Pl.ns New .11 i ir liu-hel tn-ket, fancv . 7.1c 1 -'' . I'unr 1 . ' 0c HUMJkllCUniKS . Jereej. per .t ts -" ,.., CAN TAIXlUri.s calliorimi. I" ', rlM ll,,1 'IV haeket. earlv prime, SlrWII J.I r-ulli 31 (He; seennda, earb primes, II .1("3 1 7i AUCTION SAI.l.sl lKSTKIIDAV OR Nons California, per box (1J0 to 176 In b.ixi 111 ,111 7 4 1 I.KMONP Cifllfnrnln, per box (2i0 to In box) l lllltn 490 Ael"ii lllf, 1.10 from Ma.v 1, ills, GOVERNMENT RONUS Js J, 1. Is, la Is 1". registered 1910 coupon, loan resistered 191R coupon 1918 registered. 1921 nup.n. 19J1 . . registered 1940 coupon 1046 , Pandtlla Js regl-tered. Panama Js, registered Panama 3s. reglMered, Panama 3s, coupon . rim 11118 19HI Hid is lis ili, 11 1', iniii, mini si 81 IS ns SI 81 NEW YORK BUTTER AND EGGS New lore., lulv 17 IIP TTFR Receipts 17 1.11 tuba Mirkel steadv Higher scnrlng 11". c 111', 1 ! aeeonds, llline, ,SntP ,,r im in tic J r.GdS Kecelpts, 28 1 els oses varket steadv Quotations unchanged CHICAGO BUTTER AND EGGS t hirocn llft'i tubs 4"i MV KGG rifcelptii, rhannffl July 17. BUTTKIl- ReclntJi Extra cpamtr, 43't irramrr. 11,340 cfifKn Mark-'i un . . i- , '.it r.i' t mutton 14 1 nnn IE.:." a j'lW 1 So." im '. JSiH flita (12 nd.J"i l0!'""'.,-n' mndards 4 7S. ponies, II ..0 CUHHANT8 New Yor. per nt , 161 ISc HL'CKI.tillLimlK'- -New- airs.- l . Mi 17l'Jllc I'BAC HE1 New Jrrrti Her '; '"'"''I taake?" 7r.cfill 21. 16qt ba,kets R"fic Georgia 6 banket rale Klbert.n. IH-.l'-t llellra uf Geiirll. 1J18.11 ItASPIinRHII'S New Jerse, per pt . 12 WVVATI"RMi:i.OS Georgia and fnutll Carolina, nr lots. sJI1B3oii. Ji'". each VP.OETAni.ES isPAti.ull - Ncarliv Breeu per bunch. colosal. JlW.lUe fancv 1 11 ' Jnc pi lines 1JMlc cull: 817 10c ...it. UKANS; New Jeisev. per p, bushel bas ket green i.nd nav RilflSle , HTO1S Nearbv per bunch 4f.1e. CAHHAGI-. New Jersev .. 1 . Iiusl el I basket .liiti Vie Pennajlvanhi per bid , I ..llil'iiTS ,arhv. n.r hillieb. 1 th Ic l (IRS New Jcrej, per ,-bushel basket, rOp jl t ICC villi. ll.voriolK per mn , -ve.v Jersev per , bushel basket 7117 8.1. I.GGP1.AN TS- New Jerav per "N .bushel I ba' et tl HIHJl 7.1 Florida, per crate, j'ErTLCE New Jerses, per crate, i.llf ONIONS New Jersev, pr bushel has Let vellons. 191 10. bushel hampers, white large. 12 2112 in PKA New Jersej, per ", bushel basket SI Ill's J I'F.PPhHS New Jersev pr '..bushel InskcT fin(&71c I'OTA roiJfi Per bid (approx 111" Ilia ) North C-iroll-is 4 215Tt7." Kastern sjhiir" No t II N" leisej per -i- bushel bia kel .No 1 OllcDiM Nn 2, 40701c scvt.MONS-Ncarbj. per lot) bunehe. l Jlffl in SQl'ASH N'evv Jersej, per ", bushel baa i kl. Jll'a.llr TOMATOES N'ew Jersej, per ", -bushel I EXCELLENT WHEAT YIELD t Grnni Thre'liing Out Splcntliill in Ohio and Mif'issippi Vallevs Mnahlnglon. Julv 17 The Govern ment wecl.lv weather report a.vs gen tialh cool wenthei throughout the wheal belt and absence i?lns In most of that nirn. nude verv fivorable condi tions foi hti vesting and threshing Winter wheat haivest progrfsed north waid to southern New ork, southern Michigan mil northern town and is nuclei wa.v gpnerallv in ccntial Hocky Mountain dislilcl and north Pacific Co 1st States Threshing is piogiesslng rapidly In the central lioitinns of Kansas, with good lo excellent lelds Shocked wheat Is doing well genu ally end Is thieshlng out splendidlj In the Ohio and Missis sippi Valle-s The crop Is reported as poot in northern Montana nnd northern ind western Idaho and much drv land Is being cut foi hav In latter State, but III south ceutial Montana, Idaho and southwestern W'ointng it is good to excellent bVi-aii Or 'a-t-i--v U INKERS . AND IIKUKEBS stii a. riiEHTNllT STS.. N. E. Cor. Member, ot l'lllldelrhla and Nw York Stock Exchanau ,ta--Miai 8 ' HEckERj'Ca: FOR SALE four-Masted Schooner Jingle deck. 170 fl. keel. 37 II. lien m depth of hold 14 f. 0 In,, -hnllowe-t part, t las-ed A-1, fifteen ear .Vroerl iin Dure in of Whipping. DELnERV HKl'T. 15TI" C. E. TRENHOLM 101 Tremonl SU Boston, Mass. BAR SILVER Tester- Last 1018 B rnnay a,v vve.i meti Low lndon (p're) 481J 481' 48l 49', 42', New T'k (ct) 99S 9SS 19 094 81H STOPKR -2 . 'A 2"4 . I4V4 . 77 21'4i . 116 I!, N, UAI, AUVKBTISKMI-NTH MTATt, Uf AONKM KIVILhli. UK- el Letter, of administration ,m eauta having been granted to th pud. all persona Indebted to th said fere, requested tn make payment, and raving claim, to preaent tho ,ame. ; dalar, to PTift OEOROE J KIMLET. t' 601 North Front mi. attorney. SLM O CAMPnEI.L. cor. nn ana uren ft. Cotton I5uer anil Sellers New lork. July " July Riordan ' Ulanta j .,n.i,i .ia er.iie nnd Sellar of- i Big Ledge ?""." """ """' Hutte New October Wilson Downs. Parrptt. Ito. se-nbe.rg, Jaj. Welck and Brooks bid; ' Hvman, Mitchell. Johnston and (Jumoens December Sellar, Newman. Mitchell nnd Hussell bid. Newman and IVelck of fered January I fred MININI. ,. IR STOCKS .. 3 H'fc 1l 19 -ftosenberg bid , Cone of- w. rAKTXF.BMIII'H I -Is) HERRIIV (I1VKX TIIT THE Utmai rtnairahln hartitrifiira a-i-rlat In l-. man -New ha II. John 1. lln.lin.ra- mtlem C. Walbridse flirl Carl I inr the nnn ntim of ttrhall. a i,.t fa own aiiniiM a 01 ll. Cun 'man Nnvhttll ani Curl '111 act as .iquxiatirtar p-irinrrs t P HOIL.JNU8OnTH. RLR8 C. WALIJHIIXJt: X, M. ItAUKR. i ot Piwnaii ;nurcntnn t taken owr and wlil Im ran man NrwhalL Carl M. Bauer U, Htarr unil'v tn n- numm (. wun onirrm at, - -o fliaa . j-nuaaipnta, ra . ay, Nw Tork tit). M1RKT n STAIIR rllavdalpbla. July 13. lvlO - rArCOCNTANTB Aff DIVIDENDS DECLARED Kellogg Switchboard Company, regular quarterly of 2 p-r cent pavable July 31 to trek of record Jul 25. People's Natural Gas and Plgeage Com i.an regular ciuarlerly of till centa a share, payable July 21 to holder, of recurd Jul) 20 Marconi WireleHa Good Year New Inrk, July 17. Advices from lindon ay the profits of Marconi Wlieless Telegraph Company In 1917 were 11,915.000 The directors have recommended a final dividend of 15 per rent on the ordinary stock and 0 per cent on the preference shares and car ried 1600,000 to the general reserve fund. The surplus at the end of the ar was 11.880,000 The annual meet, ing Id to be held In London on July 24. Chandler on Chirago Trade Board Chicago, July 17 New members elected bv the Board of Trade directors are; William H. Martin. K, T. Chandler, Southern Railways 5, York . . 14 rrnn Aril i". Kmina Cons I C F JS i Jerome " First National 2 Ooldfleld Merger ... I Cloldfield Cons A Ooldfleld Florence . . 9 Coldfield Kewanag . i Green Monster . Heda Mining Howe Sound Independence Lead . . Jerome Verde Jim Butler . Jumbo Extension McKinle-Darragh .. Mrgma copper Mother Ix)de . . Mines Co of America. Xmada Hills Nevada Wonder .... Ohio Copper ... . . . Hay Hercules Han Toy Tonopah Kxteusion. , west Knej uon . . . White Caps . . . . verlngton .... .. noMiK Bethlehem 5s ... 99i Cosden Oil 6, ..,, 17 Coaden & Co Us 17 Cudaby Bs ., l BtAslan Gov &!.. . II do ,a ...,,.,,.. 4a 4 4 3 Va 57 a 3 a 31 36 Hi 3 4 7a 4 a IS Hi I IIS A 4 It". I t'a 1 A IV 3 tt II '4 ' U I A 59 A 47 33 37 IH 7 4 I 4(4 II i-ii IA .13 190 ai at 7 4a M 21e 8 IA i'4, !0e !r 20r He 3e A 37e A 4't He i 3lr H Ol. .UNITED STATES TREASURY CERTIFICATES OF INDEBTEDNESS THESE Certificates bear 4A' interest, mature November 7, 1918, are issued in denominations of from $500 to -$100,000 and provide the highest form of temporary invest ment. Their purchase affords an opportunity for the investment of funds now being accumulated to be used in subscribing to bonds' of the Fourth Liberty Loan to be issued probably in October. Philadelphia Trust Company 415 Chestnut Street :: 1415 Chestnut Street ."iiiiiiniiiiiiiiiii-iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiii'iiiin ! We buy. ! 9 A cceptances and Accounts Receivable I Of our total volume of over $51,000,000 in 1917, more than $31,000 ,000 came from concerns who sold from $100,000 t o more than $1,000,000 of Accounts each. i.jj. . ,-l vr-..c- .6 Ar. ' J? iiiiiniiiiiiifiiiiwiiiw The Federal Reserve BaiiKiiiK Sjstem advocates Acceptances They enahle jolt to r-calize cash for your Accounts but not until jou secure Acceptances. Our plan per mits .vou to realize on the Accounts, at time of shipment, without vvaititif for Accept ances which jou may never reccivcYou use our money ALL THE TIME whether Accounts .are closed by Acceptances or not. Certainly the money from the sale of your Accounts should lie of as much uc to jou and your Creditors as from the sale of Acceptances 'If either practice is rieht. the other can't be vvronp; AX ACCEPTANCE IS ONLY AX OPEX ACCOUNT CLOSED. The antiquated system of carrying jour Customers' Accounts until paid, limits jou to a. turnover once a season and deprives you of profits you could make if your capital were to revolve two or three tinic,sas often. We buy jour Accounts and let jou collect them for us, without disturbinj; your 'cus tomers. If you secure Acceptances cover ine; same, we automatically continue the purchase of such Acceptances: or jou can re-purchaase such Accounts of us and dis count the Acceptances at jour Bank just as thotiRh the Accounts lud never been sold. Write for details. tiBimiiiim ' i Coinmercial Credit Company Cash Capltar$2,250.000 Surplus $450,000 BALTIMORE Rtprvtcnted at PHtWnEmA.nr.1toc.1)K;chan.. Old... ...v tork Ct.NClNNXri "t , . c7cxir. . ..-3A- -..-vWlWt't-r;-; lxvr &wr-:7-- ".!-$ v-i "Crt m A -."l Ml 4 , ce-fwtl , V i. t. 4 "'t '1 I i 'J J -i 2 k ft I l tl V U; ii jr-i jM-wtuf y y:Tvw.,'rwwrm?BH11ii?-'AX, -. -rS-ar'A) ., - , I V.u, .--4-aa-BUaaaaaaNMBasKr' ,f-p j,jr 3;tLlrjnn.r'J'. ituJ
Significant historical Pennsylvania newspapers