l.lHkffjr 1 r
rrwEfi'5i3
SR-i-PHILADE
.'.I
lt(Jt
Lil'.!
nS
r l
i--
OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA SfOCK MARKEf.
"m
i t- i
2RTONE OF NEW YORK STOCK
IT CONFIDENT ON WAR NEWS,
IT TRADING IS UNUSUALLY DULL
i
r Specialties Are Star Performers American Su-
Jpmatra Rises to New High City of Paris 6s
Score Further Advance
New York Stocks
Hinh PnSnlc in TrtrlmS E",,.,..i,.7 1V.....0
J , -0 ' "J ' """"-Mil. MUW
jffocfc. trading irna extremely dull on the Xcw York exchange, and a
map attitude loas appatcnt. Undertone uai good, on news of Allied vie-
Curb prices acre lower, tilth business small. Coin uai steady
t, irregularity. Cotton transactions Here untntercstlng. Forctan cx-
We quiet. The Xcw York bank statement shoved decreases In aier-
Wjnd actual loans, an Increase In the aierngc reserves and toss In the
KM. Bank clcaitnas throuahout the cmmfiv this ucck uerc aboic
.yceek and corresponding period of 1917. liar slltcr lias unchanged tn
olYork, and Innrfmi.
j.f-
kKSSj1 ' lorlt, July CO.
5vJne stock market was etremely dull today, and reflected a general
position to await further developments and the moncj mid ta con-
tlons of the Immediate future. The reported further successes of the
tench and American troops, following jesterday's ictories, made for a
Vi,AAHAl4fttlf 1,M4A.tn.
s" i Business was not well distributed and some of the spociiltles were
f jitHlttr performers. At the opening most Issues showed gains of frac-
Vvwm, mm me exception or Heading anci one or two otners.
ibSK"W!? American Sumatra advanced 3 Dolnts to a new hleh on this move-
hfent. showing a rally from the extreme low of 117U to 1301- for the
L .&&., Industrial Alrnhnl trnlnH nhnllf 4 nntntc. I7nitp,4 Ktntps Steel rose
iQSiVBxtreme H to 108.
I SSsaT116 niafet became irregular toward the end and a number of Issues
y weeded on small lots, in some cases sustaining light net declines, mis
fJ.$fctr.llHH Hethlphpm Kfppl "RH nnri nrp.it Vnrthpni Orn.
f,2i?i$J There iverp a number of strong stocks, Including Raihvaj Steel Springs,
z afflr4Ml AnnrnnHi nnd PpnHlnrT.
pfThe City of Tarls 6s lose to S71. The closing was stcadj , but with
JT . . .. ... . . .
.-Q'j.?. .Tho rrtnH ttinlot cpnprfillt. .jc rilill .i.rl ellrrlitl,. irrn(lilnr Inlprnn.
T, '-' ............ b-."'j - ........ ...n
jgtwnal issues showed further slight gains. Liberty Issues were a little
f)kMilitary Developments Absorb Wall Street
l'lCv& AH other considerations in Wall street this week hae, not unnatu-
frVvTllv. bppn prllnspd Viv thp mlUtnrv r!p plnnmpnts in Franrf. Tllfl
v-y, - - - - .-.-, ... -
vfttt. result may be said to emphasize the policy inherent to financial
mm
31
11V,
L rfltt
M'VselrCles of anDralsInc thp actual developments when stripped of the
$5&lMiiour of sentimentality.
-' eSn
r-viv- fc-
r&5s- When the first reports arrived by cable on Slonday that the enemy
C-X&2, Jd really started a major operation there was at once a disposition on
E"Sklh Hart of tho nrnfpssinn.il classes tn nut nut a substantial line of short
iiitSfJ tfftTHITlitTnpnf a Tn nHrlltinn enmn 1lr.iilH t t Inn nf lnn( ntrtpif tnnV tll.TPP.
fJt V"l .. . . , ... . . , , , -
fiivr aiapaitnes epoKe oi me moemeni ueuiR cnecKeu.
trq$tw,K, Henco followed a covering moement of some importance, wnicn
'MtmInated the earlier declines.
'I'jfe, But taking the week as a whole, there tas in evidence a disposition
T$.tO look below the surface and to recognize that an attack such as tho
v4ifeJij5,Grman. high command had prepared, after it had been so definitely
fr'Sri preceding move in ine campaign, was noc one m.u coma
I- jurist 'decided overnight and that a steady battle of a most grueling chir-
I' ,3eter. occupying das, if not weeks, must be expected Hence the re-
rtWiL vb-,( . , , , ,. .. i t ..t.i....
t,44. mpvuB oi an sireei nis oeen in ine lorm oi u inuiii:t ir &ui;uiiiiea
i 'i,i(Krwing slight activity but with, taken altogether, a steady and more
rUess confident undertone until tho Allied counter-offensl e started an
HyUWtri mnt'Ampnt An nm Wolt ttrppt prncMpre th.it thp tl.lo nf hnttlo
szTiir." :. : ".:'. "."":"".: :: w. ::::::: .,: :.:::. "..;.,
p ' -"wyoiviiiE me enure iniiuary lauric oi ine witr iia uuiiiuiui lumuu
i-iMrengagement3 they hae participated in are, of course, no surprise at
i.?nmft. Hut it will tie encouracement oi a practical cnaracier to America s
Jjjfcifl and quite the reverse to I'otsdam.
&'rf'.r ' ,
lllsli
Ad Ilumelp pr n
Alnsk-i Hold M 3"M
AlaskT Juneau 2 it
AlllMCh.il Co 31
do pr . R5TJ,
Am in . la
I Am Oar & I'd HA-54
Am Cotton Oil il
Am Icp Pec . 31 14
do lirpf 4T4
Am Hide At., pf ;n.
Am l.ntnniotlxe r,i
Am Snipltlnir ini.
Am Hum Toh lion.
Am MpcI Tdy jiij
i Am Sugir 1 1 1 1 .
, Am Tp) a. Tel on
Am Tob pf new 1)4 ,
Am Woolen -,n7
I Am Zinc i Ld n
Anaconda . ()?
I Atchison . 8.,
, Atl Coast Line n
At (5lf A v i io-i
; Blld I.oco Co . 11 K.
Hilt A Ohio . si
13eth Steel l! rt,
J do S p c pf in,',
i IiKhii Han Tm 4m.
I Ilooth I'ish Co 2nit
Jtuue ,v sup o 10U
(inndlin IMc I4
Centi.il Le.i 119" t.
Chandler .Mot ;tH
l liesq a; (1
Oh I (5 w pr
Oh I 1! A St r
do nref .
Chi II I i P tn 21i4
' . &. Mt I. 32
Onrn Products 41''
Crurlhlp steel (IT
Cub i Cane Sug 31
n I, I w ir,l
Pome .Mines !(,
nistUlrrs' setur .-.j
1- . f,
dn 1st pref . 3ji,
tlsher Body, . 38
do nref ot
Gaston Williams 31
'en i.iec Oo 147
("Son Motors pf u.
Coodridi H r 4ni
fiieat Xorth pr tmr.,
tit N' Ore hubs 32"4
Dreene Cm C 13 ',
Mask S. liar li,
Insplri Cop .is1.,
Inter-Cons Op
do ,'iref 38 V-
Int Mer Marine sh
do pref oi
Int Pipr p st.i ri
IntI Mckel . 31
Kennecntt Cop 31
Lehigh Vallej . .8iA
5I.i 5lntor . . 2"i
dci 1t n "OiJ
do 2rl pr . . 23
Me Petrol .
Ml Con Cop .
5Iidalp Stpnl
I Mo If & Tex..
5Ilssourl Pac
I do pref
.Nit Con . C
Vit Cn.im d t
5'cw York ('put
X V X II II
Ohio Gas
Penn.i It It .
Pitts Al West
Pitts Coal
Pressed Ml Oir r,nyt
I'uiumn t'ai u in
KJ Stl Spg. . fif)i
I!nv Oon Cop . 24
Heading . 80
Hep Ir & Meel ,
Mo-Hheff H . I 3
Swuth Pacltte K4
Southern H It 23T,
Studebaker . !
Tenn C fi. C ioi
Third Ae H It lnii
Toh Products. . :v,
Onion Pacific .122'i
I m
4
3'i
31
82 i
41i4
110
41
321,
491j
(17
Net
I'lnM chpe
it M
3Vi
2ii ..
34 ..
82 h
48 U
n) !.
tin u
42 i
aiVi 's
40 , ,
Kite ..
(11
130
74-S,
74
tll'i 11 Hi
or,
H4
f.''
ini,
fl7ni
M'.i
01
101
00T,
HI,
8i;i.
lol,
401 ,
2fl
3(1
2V4
00
D4A
1014
fi7n
8-SH
01
ln.n
onu
A4
8314
30
2B'4
30
I48V 140
no
8414
S7
-' IN
41V
74
21
32
4-
00 ii
31
81
102
8
r7
os
32",
37,4
01
31
147
fttri
oni,
3l-
I2?i
4
SIK.
8
38
1.
'h
I4
4- U
Vft
'
H
fc
-lVi
'A
Vt
00i, 4- H
8f4 l4
74 y,
24
42 14
VIRTUAL STANDSTILL CORN PRICES STEADY
IN TRADING ON CURB, AFTER IRREGULARITY
1
Small Offerings Cause Rcces-, Market Develops Firm Tone
sions Interest in Important
Issues Lacking
Philadelphia Stocks
7
23i4
32
41
fl?i
31
814
102
H'm
M
08 i
(II
301,
31
2!tf,
.".P.
22 n4
inni4 ioo4
Mi
t
1
v.
M,
:?f
5
IPHILADELPHIA MARKETS
311
"4
24
:7 1
181;
401-j
3814
44
31
Sf,
II,
12(,
.-.if,
21
.17 4
I8M1
11
72H
3ln
38 J4
44
.11
.11 '4
onu
in
01 H
24"m
8Hi
0I'
01
84
23
10U
10
11)1.
00
12t
39
fi1V4
11H
32
38
01
.11
147
40
001,
:i27 n
43 14 l4
41
S314 4- i
H 4- M,
38 4. 1)4
27 ..
08 !4 1A
01 7fr
noi4 i4
14 4- m
is h . .
2DV-J
H!4 4-lVj
2.1
100 i4
30 4-
.12 4-
1
.17 Vi ..
Vj
B2
72 Vi 4
4IIVi 4-1
.I8I1 4- --54
41
31
,11
ny4
113
om
24
88
02U
0.1
84
23
40
!!
1
07
V.
T
4- Vi
4-
Cntd Atlnv St 40
im (.IB Stores 10H4 101 111114
1 mien rruil . .l-'Hi, 12H)d 1281,
l .1 ina Aico . no 120
V S Steel . .108 107
Vi Car Chein ,in ,io
Wabash .... 101, 10i',
do p-ef A.. 11 41
Wet On Tel 81 81
W;i;house 5Ifg. 42 4!
lgtn Pii & 51a SO"', no i
White 5Iotors 42's 42.
, U llls-0erland 20 20
U
121
30 1
12014 3-)4
107 ..
.10
iny,
41 Yt
81 1
42
.-,ov,
42 !4
20i4 -- u
'Wtf v GRAIN AND FLOUR
.ffrr- PtTKAT Tlnfnt!i 5H.N41 bllRhplK
ritti tlrm. The quotations Car Jots
' ppr Mumlard crate
, pon crate, $1 MM 1
12 VI
da
.iff.
.l-SefJSUon.
In
in-
standard prlcea No 1 red win
nortnern sprine. .- ?.
$1 10W7 do do
do do ner flat pratp
i. anrornu ppr stamnrd crate.
Totnl ile. 131,700 llnrcs rnnipansl Mltli
Per 100. 000 Mmres e-.tenlni (liN Meek. 2.110,-
VW KHureii lnt urek, 1.0 12,000 slnrcB.
ort elator. Government standard
N. Y. BAK fiTVTEMENT
iftT.:IZ SB. SO 1.
JSXail. hard winter 12 19. No 1. red win
rWSP- rlicky. 42 37. -So 2 red winter
' .: No 2. northern sprlne 82 .11 No. 2
KkJmaf '12.34. No 3 red winter. $2 32 No 3
, -" ...liniii anrlnr 11 32 No .1 hard winter
, X&.M M. Hn l t-.l ulnttr crnrllrU 1 2 10
.IVniV .rhn m.rWl nrthr HarllnpH 1p
?iKJtrtai trade Iow Quotatlora . Car lots
.37
-No
jellow. tl 0JS1 04.
' .ttar. loeftl trad,
"iu MZ. m .,,. i nfli al
'.JH. OATS Receipts 32 701 bushels. The
. ."'MM-ket was quiet and apaln e lower
vil5ttlon. No 2. white SsfiSSHc stand
'fiwf wbtte. 8714 8SRC. No 1 white. S7ST
?o, 4. wnite. m'uhc
M'FLOUR Receipts, z 4 xu its in sacKs
nwrKei ruiea sieau, uui
Anaic
jL
i -"-SV
E "flT.
jJ6S
tr r3aja
)( v&
trade was
J4 t.l do do. pr nonv crate Slw.l 10 do
do per flat craln $1 ,101ft 2 do (iporila
ler standard crate $1 .lllwi do do per
pony crate, fliffl 21 do do pink mat pr
rat crate iDccaji.i ao .Norm iMroiini,
i,"r"t:'ndard crate, ic?4. do do rem crate, i Decrease in Aicrapc and Increase in
$233 do do. p. r flat cnte 1 2!C 1.71. , . , ,; r. . ... ,
do Marjland, per standard crat, i man 'Actual Kcene lime Deposits I Iialier
att-rmelons. southern per lou 4203UO. . i , on t. - ,
do. per carload, fl7.!30u No,v "rk Ju,v :o Tne -N" ork
bink "statement this eel; shoi decrease
VFnFTAItl F5 ''l aieraRe and actual loans and decrease
.i.u,miiLM ,ln a,eraRP atul i,icre,ise in actual re-
The market was qul-t nnd showed llttlt 'erNex Time deposits Increased in both
change Quotations White potatoes Nor- caes
folk and Pastern .hore per bbl No I riotnlla follr.w
m t Tl .rt ii".,f ..ui. . ---.. ..u.w..w..
- - .'v. ., .....,(, u, niuip potatoes,
South Carolina nnd North Carolina per bbl
No 1 1714 10 No 2 11 Tiff" in
white potatoes Jerse rer bushel basket V,, ,i,j ,i
No 1. Olletfll. No 2 4nt?.lc sweet. N'l,.'J(!m1n'i '''
New York, July 20
Euslnei was ilrtuilly ot a standstill
on the curb Small offerings caused re
cessions of from small fractions to a lit
tle under a point.
In the usually Important Issue In
terest was almost eiltlrely HcKIng
Houston Oil moied up 1 4 on light deal
ing, pierce Oil was fairly actlie ulth
ln a narrow ranee Other Independent
stocks were extremely quiet.
.notor shares were somewhat loner,
lth a moderate selling pressure In
Vnlted 5Iotors
Aetna Kxplosltes showed some lm-
protement.
The bond market wa practically fea
tureless, aside from a light Inquiry toi
Bethlehem Steel serial notes
IMII'STRIII.S
on Active Buying Busi
ness Is Fairly Large
Aetna nplosle3 .
Am Brit .Mfg
Am 5Iarconl . .
Am Writ Paper
Air Reduction . .
Canadian Oar Co
Oon Car & Odv pref
Charcoal Iron . .
Chcirolet 5Iotors
Cramp
Ourtls Aeroplane ..
Carwen Tool .
Oirbon Steel
Kmcrson Phonograph
Kedetal Hje . .
Hindee 5IIK . .
Like Toipedo holt.
Lehigh Coil Sales
Iilini l.ocomotlie ..
5Inxlm 5Iunltions. . . .
51arlin Aiini .
N V shlphldg . ...
N. A Pap Pulp
Otis Kleiator
Peerle- Mtitor
I'oole ak
Redden 1 ruck . . .
SCilpps Ilooth . ..
Standard .Motors
Steel Allos
Submarine
St. Joseph Lead
'I odd Shlpbldg
Triangle Film' .
Onlt Profit shir . .
I' S Steamship
t'nltcd Motois .
I lilted hilcni
World s Film .
Wrlght-JIaitln Air .
Zinc Concent
Kid
12
1
3
2Vi
08
, 28
70
8
132
78
34
112
10
4
80
41
l'j
71
38
214
47
11
150
17
12
101.S
14 Ml
80
.1
32 "j
30
10
1
Vest close
Ak (silel
12 'ft 12 '4
0
3 3
2"-4
13
31
80
b .
134 131
81
40
Mi ..
11.1 11,1
Hi ..
20
4
83
40
81
40
.1
,10
10
70
1
30
1214
0
17
11
03
H
o
32Y,
.11
10
.111
lflV,
o
32
T.M)lll) on
120
Ohio
Illinois
Prairie Pipe .
S O Cal ... . ,
SO.VJ
S O .V Y . . .
IMiKI'KMMCNT
Birnett Oil & ta.s .
Oosden ,1 Co
i:ik Basin
Federal Oil
Inter Petrol
Houston OH ....
51eirltt Oil
5Ildnest Refining .
Met Tetrol .. .. .
Ohio Fuel
Oklahoma Ref
Sipulp.i Ref
Seijuoyah
Sinclair
.121
108
201
221
311
278
102
218
218
527
271
Oil, STOCKS
ORAIN nr.l.T MKVTHER FORECAST
rhlenro. ,nlr 20 Illinois nnd Missouri
iii iniKlit itml Nond warmer.
..",n."'5-:F,,lr loiiUhl nod siinilnrt
w-tirmer innUlit, erept eitreme southrnst.
b... T""" Patt tlondr tnnlnht nnd
umlavt wnrmer east nnd snulli tonmht
nnd neir I.nke Superior Sundix cooler
et and cfntral s,ima.
1,0,,,n Fnlr tnnleht Bnd Snndnri snme
wlml warmer tonlchl; cooler Sunday after
noon northwest.
,j3nr".S "n'.ntB Foil tonlrht and Sunday!
cooler Snntlqt,
south Pikota Fnlr tonlcht nnd Sunday)
cooler onnduy nnd west tonlchl.
Nrhrnskn Fair tonight nnd Similar!
cooler extreme west tonight nnd In west
nnd north Siindn.
Kan-as Fair tonlsht nnd Pnndnri
wnrmer tonlnht. east nnd south Sunday!
cooler northwest Sundnt.
Montana Fair toninht and Sunday;
cooler.
ramlnit Partly cloudy tonlslit nnd
Sundai i cooler east.
rhlcajto, July 20.
On active buying by local Interests, the
corn market de) eloped a firm tone this
morning, after showing Irregularity In
the initial trading. Business was fairly
large It was argued In some quarters
that the technical position was stronger
as the result of the recent selling, and
that a rally was In order.
The attitude of the food administration
and larger receipts, arrlials here today
amounting to 344 car, were disconcert
ing factors, howeier, and sentiment uai
dltlded
July opened kc higher at $1 52. Au
gust started tl.S2 t (fJ$l 53, against
j $1 52S at the end eterdiy Septem-
ner was quotea at 11. ni to i aJ"4 at
the outset, compared with $1.53 i , yes-frd-o's
last price
Oats were quiet and firm nt the out
set, with commission houses bujlng and
offerings scarce. There was selling on
the rise Business tas small. The re
ceipts here today were 221 cars
Julv opened at VsC higher at 74 'Ac
August started at "OROTIC, against
70ssc at the end csterday.
There were scattered showers In the
Northwest and Canada, which were con
sidered faiorable for tho crop.
The lccelpts of wheat at 5tlnneapolis
today weie 41 cats, against 121 cars
a jear ago; at Chicago 187 cars, com
pared with IS cars: at Winnipeg. 42
cars, against 198 cars.
0V2
.1
2
It
70
20
11.1
1
12
8
10
0
0
2H;
14V4
77
20 n
117
Hi
17
7
8
n
21
1 oans
A EKACSU
14 37n i.os nno
Decrease
4l 2i nno
Quotations. To arrHe. per 1PH i potatoes. Jer'ey per hamper No I j in "", ',,. j,.,,.
pked In 9R-lb sacks Winter wheat. ' 1 No 2 I121H1 71. onion. T..n. i. rl '.lm" dprsits
'4ir
' mttf
:m
inpn
1 VWtt
lt4t
?. :.8i
rj
packed in 9R-lb aack Winter h-at
ii wheat, new. 100 Der cent flour
IStfll.TS. epTinx wheat, old, 100 per
ftAiif S11 Z6iAi 7.1
.TB FLOUR Was quiet and unchancvd
auote at S10.311 rer bbl. in scks.
to quality.
PROVISIONS
market ruled firm with a moderate
ilsut trade The follow ins were the
Eautmi City beef, in sett., rmoked and
rlea-47c. western beet, in seta smoKea
eitr beef, knuckles and tenders vmokd
ratrdrled 48c, western beef knuckles
lenders smoKea -isc. Dees nams uu
ismuv I32V53. hamn S 1' curea
SOfl31c do skinned lnoar 30(3)
,0t do. do smoked. 32 it" 34c. other hams.
to. city cured as to brand and a erase,
Be: hams smoked western, cured.
tie; do boiled, boneless 4t.r picnic
Itrs a. r curea. loose, 'jaw c: ao.
id. 24Hc: bellies. In pickle, according
wrarafe. loose. 82c: breakfast bacon, as
r brand and aerage. city cured, 41c;
:aat bacon, western curea. 4ic; jara.
ii. rennea .'tn'ijc; iara. pur ci.y.
rendered. 26G26Hc
REHNED SUGARS
'.rlnrs Tver, llvht snd the Tnnrlcet ruled
on a basl. ot 7 oOc tor fine granulated
DAIRY PRODUCTS
,ESE-Supplles of fancy stock were
Lnd the market ruled firm at the late
Be. with demand equal to the offerings
inr are quotations iew iorK, wnpie-
Jancy. Iresn 23itr2i"iC specials
' do. do. fair to cood fresh 24? Gi
.Wlseomln hole-milk, fano 25Vs
lrj-do do fair to eood. 24'4 H23c
RTTTER The mirket was quiet but
quotations scud packed creamer).
kra, 4Sc, hlsh'Scorln; o-oods 40Q1RC.
ni nrsts. itMC. nrsis, uvtic, seconos
4SHc: fancy brands of prints Jobbing
1033c; choice at SOc, fair to cood at
c
3S-The market ruled steady but there
little trading Quotations Free rases
nrsts. iiz 6ii(3i2uu per standard
; current receipts 112 30 per case.
11 extra nrsts, 112 000 12 n per casei
,t-. ou per i-n.r, isuiy .ricticu ckk
i jobblnc at 4031c per dozen.
POULTRY
B Trade was quiet and with free of.
I nrlcea of fouls and snrlnr cnlrkens
I slower. Quotations: Fowls. 3!3c
rcnitKens, not uegnorns weighing 1
i apiece, 37w(Oc. weighing ItTl'i lbs
l.'l.SSOc. White Ieghorns accorillrs
I, 2W8oc. Roosters 21W27c Duiks.
2SC30c: do Indian Runner. 2t(27c
s. per pair, si ijui 41. I'lgeons. old
Jr.. 40v4Sc; do,, joung per pair, 2S
BSED Desirable stock was well
up ana nrm The Quotations
lias follows; Fresh-killed fowls in
jil fancy, drj. picked, faawt seie-ted
s-.ianing -t ids ana oer apiece. 304 c'
r sizrs. oouonc. oia roosters. dr
SSc: broiling chickens, western fancy.
g ios ana oer apiece. 4iv47c;
china 14 lbs. apiece. 41s44e: do.
1V1U lbs apiece 4ae41.. snrlns-
Lone Islfend. .llsrSn,: snnnlis ee
rvjrblte, weighing 11 12 lbs per dozen.
i do, w.lghfnc 8 lbs. per dozen tnft
o, weighing 7 lbs. per dozen Jl..ln.v
una aunt ids. ner dosen s:iff94:
tl.50O2.&0; do, .mall ani No. 2.
FRESH FRUITS
and was only moderate and peaches
shade easier under fairly liberal
j, utner aescripiions were quiet ana
little change Quotations. Apples,
amper. bocitii on reaches oeor
.Mist carrier tfeile of ueorgla.
rtsr $2.503 3 30 Peaches. Qeor-
ah.l basket. I23 fiO Lemons.
LM Oranges. California, per
. Qrasafruit. ner boa. 14135
i, .Porto Rico, par crat. 1368.
CasironUa. per bos. 1132.23- do.
v-pouivi pasaet lacis.ir
i ar box.-$2 73 J. Pear.,
: t "i. . ymx- ."?':
WPSjiiMmsnifc,
-'
tit .o - l-i'lil , . onions Texas ner ,.' .... ., '
rnlf 11 inW rtn .1r.., ., s ,,.."u ', ' iriUMIlon
basket tl9tlli, do Jersej. white per
bushel hamper $2 Jiff j 1u. mushrooms,
nvarbs per lb , .10&71c
t3 inn sni nnn
iiu sin nnn
.Hi 70i, nnn
1103 Jjs.noo
lei mi nnn
1 mis nnn
1 1 i nnn
3 114 1)0,1
4 003 000
Government Local
Market Reports
This daily itpart Is sent out by the
Bureau of Markets of the United State
Department of Agriculture, Philadel
phia branch, tenth headquarters at 300
315 Insurance Exchanqe Building.
(Wholesale prices on large Iota to
Jobbers based on sales at the arlous
railroad depots )
Indicates no
quoted
sales Yesterday's prices
rnuiTs
Jersev , -bushel basket
poor lls'.Mc
IES e Jersey, per ouarr.
CtsIi In nults
I Rcsero In mem
ber banks
, Itnere In "state
htnks and trust
1 rompinie
1 Rewere in fetate
banks and trust
lompany deposi
taries AggreBate reere
Resere required
Surplus
Incretse
t United States deposits deducted,
ytu nuu
JSpecle Included t4 821 000.
CTUAI,
1 oans 84 2112 sni, nno J17S nis.oon
Net demand d"
nosits 13.174 4ii nnn in) on nnn
Net tlm deposits lrt n21 nnn 1 020 oon
in mhi nnn inn nun
:iO0.31'l 000 5 SI1 00(1
J 11. 330. 000
7 4nn noo
'in lis non
470fii 7in
.10 27J.230
4in oon
4,714 oon
2 017 1.10
2 7.10 .110
S310 -
APPLES New
lancr. liwnne
HLACKUERR
-Oil 2-e
CANTALOUPES North Carolina,
ards 14
HUCKI.EnERHIES New Jersey,
auart 17 Si "fie
I-EAUIIKINew Jerse, 1 quart baskets,
fano 75cdl 21i Georsla 0-baskel crates
Relle of Georgia j
Circulation
Cash In vaults
Reere In State
banks and trust
companies
Ttesere in State
banks and trust
companies depot!-
stand- .Aggregate r?sBre
I Reserve required
Per burplus
Tfpecie inciuoea
til, 470 000
7 R47 00ft
14S 42fl oon
474,010 mn
V 74 K'O 020
111 432 000
41.000
UK 000
4,701 non
13 411 110
is ni 130
2103 71
Jersey, per pint.
a -bushel baskets,
Elbertas
(v 2 7.1
RsrnERRins New
1214c
WATERMELONS Oeorirl.-i ani s.v.
Carolina, car lots f271iT2no. 200 73c each
VEGETARLES
DEANS New Jersev.
green and wax, 75C011.
HEETS Nearbv. per bunch 4 0.1c
CABBAGE New Jersey, s,-bushel bas
kets 40b0c. Pennslanla, per barrel,
CARROTS Nearby per bunch. LISc
CELERY New Jersey, per bunch (I doz.
stalks) 20il,10c
CORN New Jersey . -bushel baskets
7.1cwl suirar corn 11.10125
CUCUJIRERS New Jerse. H-bushel
baskets tinei Die Delaware and jrarjland,
hampe-s 71er5Kl 21
EGOPLANT New Jersey, . -bushel bas.
kete 1 lutrfl 71.
LETTUCE New Jersey and New York,
per crate (2 dozen hends), SI 10 : in
MUSHROOMS Nearby, per pound (2 to 4
pound' basket! 30rff71e
ONIONS Ne-rv Jersey. ,-bushel baskets,
jellow llrl 1.1
PErPERS New Jerse, ,-buhel baskets.
60'rfSlc
POTATOES Per barrel (app trxlmately
113 pounds) No 1 Norfolk, 4 30 Eastnrn
Shores S123Ci.1 New Jersey H-brm!. 1 bas
kets No 1 Micffll No, 2. 50O J3c
SCALMONS Nearb), per 100 bunches.
,1 ami nr
&QITASH New Jersey, ,-bushel baskets,
C0,(3ie
TOMATOES New Jersey, H-bushei bas
kets, early primes SOctf.l culls, 2.1S(40e.
seconds, early primes, 11 2301,30, culls, 30
Q 73c.
AUCTION SALES 1ESTERDAY
ORANGES California. per box (12 to
17A In box). S3 .1087.23. (200 to 2SS In box).
5 1007 00
GRAPES California. 4-basket crates,
3 1583 50.
Suspend Produre Exchange Firm
New York, July 20, The Boird ot
Managers of the New York Produce
Etchange hae prohibited Paul Klop.
stock & Co, Inc. representation on the
floor of the exchange during; the pleas
ure of the board This action followed
a complaint filed by V, Filhponl. New
York train exporter.
Xl'nlted btates deposits deducted.
031 000
Increase
OUTSIDE RANK STATEMENT
STATE BANKS
2S3,
Loans.
1 ments
uoia
Currencs
notes
Deposits
Imest
b"a n k
Federal
U1 R77 100
12.000,400
Decrease
JO 720 oon
.197.100
MINING STOCKS
Atlanta 3 4
Ills Ledge lft Wt
Hutte New York... . 14 1
Con Arts fit I'd
C r S & Jerome. 1 1
Hmmi Cons ll 20
First National 2 2H
tiolrtfleld Merger .... 2 3
Oolilfleld Cons ft
nolrlfleld Florence ..9 11
loldlield Keunnas ..3 4
linen Monstei .... ft M
Hed.i Mining 4Vb Hi
Howe Sound . ..4 4 '4
Independence Lead . . 3 4
Jprome Vredo Vt ft
Jltn Butler S7 39
Jumbo LMenolon . . 7 u
MoKlnley Dirragh ..as 42
Magma Copper .... 32 31
Mnthei Lode 30 37
Mines Cn of Amer.. Hi l'4
Neinda Hills .... 8
Nevada Wonder .... "Vi Ii
Nlpiising ii 8
Ohio Copi'Pi 1 IA
Ra Hercules ...... 4 414
Sin To S.. 0 10
Innopili i:tension.. 15 1 i
t'nlted Verde 37i 30
'ct Lnd Con 1 1ft
White Cnp3 31 31
Ycrliigton 3 0
HOMls
. . DOT,
0
2"S,
14
11Vt
'A
1)1
lbe
20e
10c
3M:
ft
Bethlehem 5s ....
Cosden OH 6s . .
Cosden i Co 6s . .
lUibslan Com 5s.
do 6H.S
Southern Ity 5s. .
Sinclair UU bs
77
17
.12
J1
08
19
Todd Shipbuilding Gs 90
100
82
82
fil
.13
98V4
81
99
37
11?
414.
10
Mi
34o
90
24,803 200 1.783,600
Resene Rinks of
New York
Deposits
Reserve on deposit
in 241 son
IHM"! 100
no.102 wo
Percentage of reserve 22 1 decrease,
TRUST COMPANIES
I. n a n s. lntest-
ments . . . J1.S73 H17.inn
Gold .. 10,4,17.400
Currency bank
bills . . 10,S12,900
Deposits Federal
Reserve Ranks ot
New York ... inn 141 Kno
Deposits .. 1 1S RIO 400
Reserve on deposit 21)4 3 nnn
Percentige nf reserve ID Increase
STATE IIAN'KI ANI) TRUST COMPANIES
NOT REPORTING TO CLEARINO HOUSE
Loans Invest
ing i.-ii urn 17 771 inn
11. 1st 1100 1,012,100
2 sit.non
8,02Si7OO
0 021 300
1.
117 131 nno
043 400
913.700
2,021,000
37 41)1 700
4. .147.200
LIVESTOCK QUOTATIONS
Chicago, July 20 HOGS Receipts. 70O0
head lett over 4114 Mirket lie to 21c
higher than estenn'a best time One
fimv and light load 118 SI, bulk, U7 73fc
IIS to butihers henvv h 30 18 nil,
llsht M lOfirlh 71 parking heavv 117 40
17'ni lUht 1K 41S18 81. pigs, 17B17 .10,
rouith 117iiT17.10
1 VTTLh Receipts. 3000 head Compared
with week ago, good to best steers, most
lv 21c higher
SHEEP Receipts 11 000 head
Plll-biirch. July 20 HOG"? Receipts,
18no head Higher Heavies 117 70ig 17 Sn
heivs vorkers, light jorkers and pigs. i) 23
em 1'
SHKEP AND !.A1inS Receipts 300 head
Active Top Mieep $13, top limbs J18
CAL1 ns Receipts, 1.1U head Lower.
Top, 17 30
Kist lluffiilo. July 20 CATTLE Re
relpts 400 head slow Calves, receipts.
Kin head Slow 1718
HOGS Receipts 1I00 he id stronK
Ileav MI121 mixed, iluS1ffl0.il,
vorkers 119 log 10 40. llsht vorkers and
Pigs 110 40 19 30 roughs, $10 lOSia 75.
stnes, sloiO 11
SHEEP ANI) LMRS Receipts, Sou head
Lambs eiss, il4Sls jOthers unchanged
South Omaha, Julv Ul HOGS Receipts.
10 300 head Market, 1.1ii35c higher, aver
aging 21c higher.
CATTLE Receipts. 200 head hteady.
bHEEP Receipts. 300 head Steadi.
Kansas Cltj. July 20 CATTLE Re
celpts 1000 head Nominal
HOGS Receipts 10(10 head. Strong
feHEEP Receipts. 100 head Nominal.
bank
ments
Gold .
Currency
notes
Deposits Federal
Reserve Ranks ot
New York .
Total deposits
l Net deposits
Reserve on aeposit
14,013.300
331,100
NEW YORK BUTTER AND. EGGS
New snrk. Ju'- 10 BUTTER Receipts,
IS 200 tnbe. Market steady. No changes.
aptaua tteceiFis, .2,vi castj.
ur. - Jra.eaajiges.
r Jm-y- . 1
.10 011 200
700 212.100
SS II." 700
120 014 700
Percentage of reserve, 20 3, decrease.
-increase.
1 076 200
10 112.200
'"' S"0 Chicago'
-. ..... ,..,. i-niia.
GOVERNMENT BONDS
5s registered 1030 3
l coupon 1930 , us
Is registered 1918 ni-4
3S COUPOn 191S Ql)3.
4s registered 1921 l(i,u,
4s coupon 1921 lorn;
It rexistered 1910 81
Is coupon 1940 . 81
Panama 2s reg mill 0n
Panama 2s reg 1918 f
Pamma. Is reg 1901 g-j
Panama 3s coupon 63
Roston .
Kans City
St Louis
an Fran
1'lttS ,.'
Detroit .,
Haiti . ..
New Cr.
Eleven cities
5 dais 14.828.219.087 II. 360.723.709-1- S.J
rother cities
a dais,. S02,20T.n24 Bn,-;41,7fi3-l-2lJ
Tl
Cost of Profiteering Soars
Washington, July 20. The food ad.
ministration has permitted Samuel Ecl
stein, of New York city, to make a con
tribution Of 110.000 to the Red Pr
Market in lieu i a pwmsnrnt. relocation of his
GAIN IN BANK CLEARINGS
Week's Business 7 Per Cent Greater
Than Same Wpck Last Year
Total bank clearings of the country
for tho week ending todav were $6,725.
705,057, against $C 356,463 last week
and i6,2S3,519.628 this week last ear.
Clearings in Philadelphia were $370,
902,752. an Increase, as compared with
last enr, of 39 5 per cent.
Details follow
VOID lot or.
V Y ...13 OflS s.'rt 41)1 13,118 O02 209 2 2
111 NU,lrl 4J'",,J(J J"ll
3JII UIIJ, 712
-rd "(41 11
lis nno non
111 041 1114
102 9611 1148
10(1 148 981
112 1B0 917
59 710 Oil
41 249 700
201 970 811 39 ,1
--1 v.ll nil -4-1'S 1
122.312,1004-21 0
lO'l 129 01822 O
87,080 189 4-18 o
01 949 112-i- 7 2
10 678 9744-22 7
?6 123 217 4-H1 4
33 2111,469 24 0
High
10 Am Smelt 81,4
210 rien Asph au
10 lni C N A 20
130 Li Sup C 21
100 Nov Com 204
101 Penn 11 n 44 V,
40PhlU Hlec 24 Vt
f.O Pitts Gets 31
8 ritlla Nat
Bk war. 1)0
so v n t . . si
100 U S Steel.l07V4 107V4 107 U
. .
l!"al. n'e'. 761 shares, rompnred with
7867 shares veoterclavi this week. 41.336
slmresi last week, 48,118 shares.
Net
Low Close chge.
88V4 88
31 33Vi 1,4
26 26 . v
20 21
20U 20V ..
44 41 H
24 24 ..
.11 Sl
87 89 "i
61 61
Close
71
Net
crgc.
75 1
09.20 .40
03.60 .10
02 02
103 105
61 64
IIONDS
.... . . JIsh Low
$1200 Klec & Pe
Tr 4s.. 71 71
1000 L Vol gen
4s 75 75
100 Lib Bonds
3H&... 00.20 00.20
2.10 do 2d 4i o.i.on n.i.nn
2000 do 4Mb. 91.70 05.70 03.70 .30
5000 Phlla niec
5s 01
1000 RdngTrm
5s 101
1000 W NY & P
gen 4s. 64
Totnl snle Ct I ttA. j ,... a.
tWI se.terrlnri tills Meek, atrvo vo. in.
week. 1,245,200. ' """'
PHILADELPHIA INACTIVE STOCKS
Following are quotatloni for Inactiio
stocks listed In the Philadelphia Stock
Exchange and In which there were no
transactions today. The prlfie clien is
the last preilous close:
A O war 1 IJt Bros 25
Am.er ,s .... 61 Uh Val I r. . . 20
a"1"1 1?J.."" 19,i T'el Val Tr pf 26 V,
Amer Mill .. u Mttle Schuyl. 43
Am Rivys pf . 65 N J & S 8914
Amer Stores,. 29 Nor Pcnna ... 86
n )eJ St.rs nf "2 penn Salt Mfg 84
Baldvv Loco. 91H Penna Traffic. 2K
"?."! M..A00 Ph Co cum nf 34
Brill XG ... 25
milt &. s t c. 64
Buff&S tc pf. 48
Cam Steel. ...131
Catavvs 1st pf.52
Cataws 2d pf..54
(on Trac N J. 06 V, Tono Mln. . .
T.lec Storage. 54 4 mion Trac.
I-rle IRS. 11m r x- t
r. -,. :.' r. " ...- a.
Ht i ft T ... 10
Ht & B T pf. 17
Ins Co of NA. 26
Key Tel g
Key Tel pf . . . 50
Lehigh Valley 58 4
Phlla Co 29 V,
Phlla Trac... 674
Phlla & AVesC. 6
P R T tr cfs . 27.ii
Reading 89
.saxon Motor . 7 4
18 34
181
U S Steel pf.110
nr ir Ai stl. R
vvest Coal . .
West Jer &. SI
W Cramp ....
York pf
73
39
834
314
New York Bonds
, High
1000 Amer Ag db 5s 04 14
lOOOAm For Sec 5s 074
3000 Amer Tel 5s . 871-
54000 Anglo-Kch 5s. 01 ij
1600 Atchison 4s . S0'
5000 B . O 54(b.. . R6i-
1000 B & O 5s 78 iJ
6000 B & O 4s 774
2000 B & O cv 4X.s 78
10000 Bordo 60 01 7j
3000 Cent Ltrs fls.. 94
lOOOChes & O 4 4- 76
4000 Chi Ot Vv'ost 58'-
30000 Chi B i Q 4s 94 "
6000 C.M&.SP rd 4 4s 67 1
3000 do cv 4 4s. . 76
3000 do gen 4".s. SOU
3000 do 4s 73 3.
8000 rill P rd 4s 68
1000 Col Indus 6s.. 75
4000 Col & So 44s. 724
26000 C of Paris Cs 87 4
2000 Dom of Can '31 91 "4
1000O do 1921 .... 95
1000 Irle cv 4s s V) 5.1
lOOOGvt Fr n 5 4s 98 4
1000 Inwn Cen 4a . 43,
1000 Inter Met 4 4s 51 .
1000 do ref 5s 80.
6000 Kan Cv Ter 4s 74 4
5000 Lackn St 61 '23 95 U
3000 Lac Gas 61 .. 98 4
6000 L Shore d 4s '31 84 1
1000 Lh V N Y 4 Us 85 "
iOOO L & Nah 4s.. 84 4
Low
94 4
97 ,
S74
93 4
804
864
78'-.
77'
78
t3Ts
94
76
.1x4
91
674
76
80 4
73
68
75
721..
871,
914
95
53
984
41.
514
803,
74 4
95 U
981,
84S
8.1
84 4
Cloe
94 4
074
4
804
S64
784
77
78
03
94
76
58K.
94
674
76
80 ia
73
68
75
72 1.
874
91 1.
95
51
98 4
434
.in,
80.1,
74 4
91U
98 4
844
85
844
00 61
216000 Mil Bond 4s. 00.70 09.62
,i: .nun do 4a 04.02
.1000(1 (In 1st 4 04.51
441000 do 4 ... 0108
1610011 dn 2d 44s. . 01.04
16000 Lons 6s .... 934
3000 M,irbcllles 6s . 934
5000 Mldv ale 5s .. 884
1000. Mo Kan . T 4s 604
1000 Mo KIT 44s 26i
7000 Mo Pac gen 4s. 58 4
8000 N VPti: 6s .04 4
2000 N rftii 4s 764
iuuu.v 1 tiiy 4s
1963 100 100',
2000 N Y Bvvy 5s.. 24 24
3000 Pere Mar 5s.. 65 04 n.
4000 Pacific Tel 5s. 904 904
.mud 1 -a gen cv-i's 5'
1000 Sinclair Oils.. 91
2000 St L 1 M . S
Glf 1s 71'-
6000 St L t S F
ajt vv 1 68
7000 do in v 1. . . 504
5Q00 do Ser A w I 60
100 South Pac cv 4s 794
1000 So Bvvy 4s... 62'
2000 do 5s . . . . 89 4
5000 Third Av aj 5s 35
10000 U S Rubber 5s 794
30000 UK of GB&I5S 9913
7000 do 5'-s '19.. 07 ii
2000 do 54s nvv'19 99A
1000 do 5 4s 21 ... 954
Total !.!llrM. SI AirR AAA j ....
!l.5'sVrJMs " Si5SR
NEW YORK INACTIVE STOCKS
Following are quotations for Inactive
New York stocks and in whieh there
were no transactions today. The price
given is the last previous sale:
Adams Kxp.. 68 Lorlllard P pe m
Adv Rrnely-' JT -J-oose-tVIlcs B 26 4
AJax nubher 64 Loose-W Bis
2 5, S'S 944 , 'ft E' :..?..
AmBeetS,i?'r68
Locse-WII Bis
fvm Bk N pf.161 Ma"cVC-:: ,
A"1 "eci6i AlP-ef ... 20
Am 1nT,V:nr 109. rcli',v r 7t. 64
Am C & Ry Pf 10,J JJanhat Shirt. 65
Am Coal
Am i-n
52
90
unnnj tia.. a-
an HLSupCo 48
in Kxn :v "'an ;LSiinCn in
,m wc t L;- ' JJy nP s SrV, 51.1
Am LlnBd'; hv InnAStL new 11
Am Linseed pr 80 V, Mont Power.. 64
Am Lop P.,' ! Jr"nt.p"w Pf.lOl7
Amer Malt . . , Mor & nssex. 39
Am Malt Pf ;?? 5Io IC & T nf S
m Shpbld Co 30 4 Mart S SSI 88
Am Sm prff-1!4- .at Acme .. 304
Am Smpf B, "T, Nat Biscuit.. 941I
Am e 100 1 r7- vi r.n & stp 5iiZ
Am Snuff
do
Am
Am TeW'
.v m Tnsl
Am Wool pf
Am
Asso
97
.110
.Rtpd pf
"f T-V1RV Knt ' Pf 107K
Z & L Pt " -Vat Clk & St 59
Tn. ...160 Vn. j " ....
, n Gds.. 12 NRRf M2dp'r "514 Accordl
EXTREME DULLNESS RULES
LOCAL STOCK MARKET TRADING;
USUAL LEADERS NEGLECTED
Turnover the Smallest Recorded in Many Months and
Price .Changes Generally Trifling Philadel
phia Electric First 5s Decline
inn .u " the Phlla(leIPha Stock Exchange during today's short oea.
hv th a sma,lest ,n man' '"onths. Only half a dozen Issues appeared
lot. ut" u the flrst 1,our and transactlons ivere confined to small, odd
"its, with changes In prices small and uninteresting. Even Lake Superior
t-orporatloh and Steel, the recent leaders, showed ilrtually no activity.
Only 130 shares of the former appeared on tho tape and Steel sales
11 ere only 100 shares. The market tone was fairly steady, however, and tho
nnaiclal district optimistic. Superior appeared unchanged nnd Steel ad
vanced a trifle. General Asphalt was weak, losing iy points.
The fullness here was In line with conditions on the big board, business
In New York being about the lightest since last summer's quiet Saturdays.
Insurance Company of North America sold at 20, unchanged from ester
days close on the local exchange, Pennsylvania Railroad lost a frac-''
tion and United Gas Improvement was "taken at last night's final quotation.
One sale of American Smelting was recorded at 88&, off B4.
Philadelphia National Bank warrants held steady around 90, after drop
ping to 87.
Bond trading was small also, with Liberty Loan Issues .lower, whlls
Philadelphia Electric first 5s lost a little.
Third Certificate Issue Is Smaller
The Philadelphia Reserve District's quota of the third issue of Treasury
certificates will be approlmately $36,000,000 in view of the reduction of the
offering from $750,000,000 to $500,000,000.
An oversubscription on the first issue of more than SS0.000.000. rnunled
'with the increasing sales of war savings and thrift stamps, made it possible
ror the Treasury to reduce the amount of the third issue. Sale of the war
savings and thrift stamps for the first seicntecn days of July total $103,413,
917, the first time that the hundred million mark has been reached in ajiy
one month. '
Sale of the stamps in the first half of July were at the rate of $6,000,000 a
day, and If continued July will approximate $175,000,000.
If the momentum shown in the sale of stamps In July continues for the
remainder of the year the- stamps will take an increasingly Important part in
Treasury financing, as the sales for tho first half of the new fiscal year as
judged by July's satisfactory showing would exceed $1,000,000,000.
v "
omcials of railroads .operating eastward from Chicago and St. Louis re
port no new phase in the traffic situation, but say tho roads can hardly do
more than at present without much new equipment. Business is fairly brisk,
although labor is in Inadequate supply.
Traffic In tho South, accoiding to officials, is running a little heavier than
10 per cent better than a ,ear ago, with the distribution of diversified prod
ucts improving. I
,31
;m
i
i
1
V
X
5".
.
J.
STEEL MEN CONTINUE
CONFERENCE ON RAILS
Apparent That the Two Sides
Are About as Far Apart
as Ever
Asn mi -R,jf ir U'ko.l'i talnable, the Bethlehem Steel
Art.T. '' ' l !i V ?Ct J! " "d "" " " Steel and
Atl n1,,r,?v'Ynf f5 v- ?- ?rck 24 Company are the objecters to
Talt & Ohio pPf 5" N Y olS i ot the majority. The official.
Haiti Loco pf-1"0. Norfolk ft So'.' 21 companies are paid to hao t
J?,"rrr7u CoVu NoTf Wpf ?g ', out for a higher price that
n...hl1.d Mill 1 - NTnrtV, t w. ... .nr.fn..Art. l,ntln. l tttcttftn.l
New York, July 20.
No agreement has et been reached
among the steel men on the price of
steel rails Tho committee has held
seieral meetings, and although it was
the general opinion that thequcstlon
would be settled definitely during tho
last week, It is apparent that the two
about as"far apart as eicr.
According to the best Information ob-
Corpora
Ordnanco the policy
i of these
been hold-
the other
Brown ShoeC 61 ,orth paclflc 8g
Brown S pf.. " Noia Sco Stl . 5D
04 .10 04 14 BrU K nxZ " "as rets 63
ni sn nin UrunswIcK . . 1- Ohio Fuel Sup 4 4
-... I iitiiiFi.iiiiw.- whcim iinr
1. ' II'. I
93
3H
SS'4
em,
261
5S "
04 H
"6'
SSii
91
70
6S
so
00
T9i;
62U
89 I
35
79
9D"t
S7ia
95H
13
93?,
83 Vs
liOi,
261.
58 "
94U
76
lOOJs
24
65
90 li
SS2
91
71i
68
SOU
60
791J
62
89 4
35
79 ,
97 ii
99 ft
95i,i
Local Bid and Asked
Amer Stores ....
Hun & Susq t c .
do nref t a
rirlll J G
llalilwin Loco ...
Klertnc Storage
General Asphalt ,
do pref
Kestono Tel . .
tin prer . , ,
Lake Sun Corp .
Lehigh .av
LehlBh Val
Lehigh Val Tr..
do pref
Penna It R ....
Phlla Klectric . . .
rhlla Co .
do 1 p c pref..
do it p c pref. .
PBTir ctfs . .
Reading . .
Tonopah I!"l . . .
Tnnopah Mln
I'nlon 'fraction .
U C, I
IJ S Steel
York Rwy
do pref
Wm Cramp & S ,
Tod a j
Did Ask
M .10
111
M
01
51
32
OS
7
48
20',
HSU
.1S"i
. 44
:??
. 8R',
. -"
-?
. .isi;
114
.1071,
. T
. 31
, Ml
r.n
L'S
on,
ii ;
31 ',
711
8
50
21
till
.IB
1U
44).
244
29,
34
27'i
89,
3
39
HI
107f
B'j
3J
M
Yesterday
Hid Ask
-'(I JO
14
ill
20 211
aos4 ni i4
54 54,
31 8J l,
ll't .11
7 8
4S', SI)
20' 21
(ISV, m
IS. 50
19
44 44',
21' 24 Vj
20 29b
31 34
27'. 27.
-'!' 3
34 )H
381, 1 1
01". t.
107". lufh
7V, 9'J
.11 32
b0 b3
MONEY-LENDING RATES
rillLADKl.rillA Call, 6 per cent,
time. 59i6 per cent. Commercial
paper, three to six months, 606 per
cent ; six months. 6 per cent
llutt crick Co. 9- P C C & StL SOU
Cal rack .... '"' l'aclfle Mall.. 2814
Cal Petrol . , Pan-AmPct pf 941I
Cent Kdy pt. Pere Mrlrq
rent 1-ea pf "? Phlla Co... , nj,
,,dePaFC0 31'4 Plerce-Ar nf SS
Certalntecd P "
Certeed 1st pf 87
Chi fr "?2 , V4
Ch'S,rfe.P64
i'v. ," -
It is probably because of the many
orders for shell steel held by tho two
rnmnflnJBa MinntlrtT.,.,1 Ill5 tlia nfftnlnln
hue been protesting the majority opln
j ion The rail plants are said to be op
erating at idpaUty on chell steel, for
which the prke Is about $80 per ton.
and to fix a prlco for rails of $55 for
Bessemer, as now quoted, would mean
1 considerable loss per ton on the out
put I Hcmeici, the talk In the trade Is that
the majority of the conferees have been
In faor of a price below tho $55-per-
Pond Ck C Co is? 1 ton 'ecl- antl this fact lias caused the
Pr Steel c pf 94 t apparent deadlock. It is belleied In
r?ortCrtV" -loo' .usually well-informed circles that the
neadfniS'HD' 32 difficulties will be ironed out In the near
no ."".-" .".
!' ir ft. tl 1001
Plerce-Ar"nf'. ht
J.!!'f. . ".'
"""'idw ;ai;
future and an announcement made pub-
Ch n I & P .. ny stl Sp'r pf 98 i ' llc
7 pf P tc" ?R7 ?0aI ntch .10'4 ' Officials of ilrtually eier;
Chile Copper . haxon Mot .. 715 I Iron and htcel company In
ery Important
the United
States held two meetings during -the
week. The first, on Monday, was at
tended by J. Leonard Replogle, direc
tor of purchases for the United States
. r, r. ., ij a -aniTA ah. ..
Cluett Peabdy " StL & San Fr 12a
Col & Aril.. , Stl, & r pr I'
Co Fuel & Tr. 47 i St L & s W ht 5
Col Gas & L.i- Y .e.iDoara A L 714 fr ot purcnases lor tne united State:
Col & South.. -t Seal) a l4 ,,f j 9 SJ 1 Government, and other Federal repre
Com Tan ej -11U R pniS Pf-J16 After the first meeting it was stated
2U50 Gas... 8. S Por iVtco '.?. I that ' Prlces antl differentials on larlous
Cont Can..-- '' ' P R s pf.107 specialities" were under discussion and
- - i) iiiiiiiirif-3 via m iti anmn nuartara 1 n 1 a iv iiu iiuan rr
1 Include steel rails, although there Is no
Cruc Stl ! . S'd.M'I'Pf 801A I n r..n,m.n. ,,.. .( -rmni.hS,rt
r the gathering.
Cont Can-V- g'rf 5hf,.R S pf.107
Cont Can pf-- J ghatttuck-Arlz 16,
Cont Ins Co.. 50' Sinclair Oil. .. 311
CoVn Prod pr.101 4 south n pr oV4
rnic Stl pr--.?J S-td Mill nf .. sou
Cuba Am &u W Studebiker pf lh I no, Bt'? fcn.?r ".
Pr,e S,Von'.107H &""'. "Jll " "2LJ1
liei o; ", R& ""''..";"' 1
Ben s 11 "r "',,r '- " i-t pr.. 0
net Hdlson .- Texas Co.. ..15;
41 U
01
Bet Hdlson -., Texas Co.. ..153
DSS At Pf. JH Tide Wtr Oil. 186
Den A Wo Gj.- i2 Z0? P.r0.d Pf- 93
BANKS' REDISCOUNTS DROP
ii, ctnr Bat. no
frfe 2d Pf .,
F M & Sm Pf-
n.r, rhem ..1"
Federal Reserie Statement Reflects
Sale of War Certificates to Customers
Notwithstanding the tale of the becond
block of Treasury certlficitcs nnd the
tteady withdrawn! of Goernment de
posits from the banks, tntnl bills re
ported bv the Itesetie Bank on July 19,
" "" j uv. . a-i tnoweu llllie aiuerenuu iruni me prfcfu
IJn Rv Inv nf 17V4 Ing week, being $84,065,981 againtt $83,-
.. " V." a '" 1 .216,835, '
Is tne policy of
m. "i ir r r- n ?i some inEiiiuiions 10 aispose 01 ineir eun
.... U S C Tr P nf A 1 r.tnilnn. tn TrAnaiiri' noi-t Ifla t oa nntnno
S
denosits
and Federal Hesene nute liabilities. was
C6 2 per cen. as conipired with G6 6 per
cent tho preceding week.
T St T..& w nf IK
Transue-tVms 39 V,
Twin Cv Rap 40ij
1. i,c,.. - - - . M"" pe,.iuo
Cen Cigar w "u un Bag &. p. , 75
cen cicai '"'iciv; "nu sirs pr 110
Cen MOW"";1.5;" Kn gP,2" Pf 77
liOOaritl. " ,7 $" "vjr inv.. S
Gulf States Stl 4 U un Rap Bd.. 15H One reason for this
Homestke "".? V S C Ir P.. 14 ?i I some institutions to dls
MaV FleC ...."VT-. USCTrPnU ......Inflnr... ,n Trononrv ,
Hartmant.o.. " U S lnd Al pf 94U their customers and other pros
111 Cereal - 2J V S Rubber.. 62 purchasers of Liberty Loan bond!
Int Agrl 'J.73 US Rubber Total reserie held against net d
MS, Agrl Pf. 0 t Pf .... 104
lni - . " ei' .- " ""J unit iaA
Inter Har Cor. 65 H US Rlty Imp
Int Har Co pf. 96 iEt pref ., 60
Inter Paper.. 37 USSmelt.... 4314
Ipter Salt ... 65 US Steel pf.lll 3
Iowa Cent... 2JV Utah Sec. .. 13
Int Nickel nf- ? U S S &. R pf 44
Jewel Tea pf- 9j Va Car ch pf 107
K C F S&M Pf 5J va Iron C & C 71 u
Kan City Sou. 18 Vulcan Detln. 7 4
Kan C Sou Pf 63 Wabash pr B 25ii
Kelly-Spgfd.. 50-4 West Maryl'd 14".
Kings Co niec West Md 2d pt 3!
It & Co 9'' West Pac ... 22H
Kress S II .. 65 West Pac pf. 631
Lake K & W Vt Wheel &. L E. 9?,
LE&Wpf.. 23 , Wilson Co,.,. 61
LackSieel.... 3J Willys Ov pf S.'H
Laclede Gas.. 82 Wia Central.. 36
Lk K &. w pi ; wooiworm ..111
Total all Titles
5 da 15,1130.466. Ill 15,220.965,4724- 7.7
All cities
1 day ,. 1,091218 940 1,016,514,1564- 3 0
r,je. , ucenee for profiteering Bonon'.'.l to'.iiSjoilULHl'.tii
Total all eltlea
for week.Sa.725,705,057 16 283.519,6284- 7.0
BANK CLEARINGS
Bank clearing! today compared with corM-
ponding day lait two yar
10 IS lniT lftlft
PMla ,.,1T,25M4 $4.MO,H2,flS.2e.r.91
nn fAM TUT C MJMt AM AS AM Aatn -
BAR SILVER
Today
Ix)ndonfrice) 484
N, Tork(centa) VOH
Tea
48
on
48)1
Lait 1018
Sat lllh Ixiw
4S1J 4U 42W
0DH 0I 83i
Lig&M Tob pf.104
Loriuara r ..ia
8k
Worth P & M
pref B .... 69
FOREIGN EXCHANGE
w York, July 20 The foreign ex
change market was quiet today without
any appreciable change In quotations v- niVhhVrJtl. 19 i wnrth n i xr
and the tone was generally steady. ' J-? V.""!? i WS1V F & M
Quotations were: ' I K .?' Tob..l5 PretA.....
Demand sterling 4.75 5-16, cables
4 76 7-16, sixty-day bills 4.73, ninety
day bills 4 71
Franc checks 5 71s4. cables 5 69'4.
Lire checltB 8 81, cables 8 80.
Swiss (.hecks 3 OS's, cables 393,
Guilder checks 51 H. cables 514.
Pepetas checks 27 45, cablea 27.63
Stockholm checks 35 25,-cibles 35 60.
Christianla checks 31 20, cables 31.60.
Copenhagen checks 30,80, cables 31 20,
RAILROAD EARNINGS
SOUTHERN RAILWAY SYSTEM
Southern Railway:
1018
2.S8.'.71
72,090,335
Increase
8704 1H1
14,923 930
CHICAGO BUTTER AND EGGS
ChlfMo. July 20 BUTTER Receipt a, 'I
5820 tuba Uncnel V
V BKOfs T'celpta. Ur? . ,Sst(u
uau, (vwkiaw.vHVf 1I.J, ii X. t
i
second week July..,
Krom January 1. ...
MoDlle ana unio;
Rerond week July.... 277,771 IT 401
From January 1.... 7 108 MO 53 32S
Georgia Southern and Florida!
Second week July..., OS 230 10.433
From Jahuary 1 ,.,. 1,613 283 333,386
COLORADO AND SOUTHERN
1018
Hu-nnd week July . 1374 007 1.12.443
From January 1.... 10 40A.J76 1,161,430
ATLANTA, BIRSJINOHAS1 AND ATLANTIC
Year anded Decembers
Operating
upvraiii
ided December 81, l17r '
; revenue,. 18.088,8(18' 643.i;
DIVIDENDS DECLARED
People's Natural Gas and Plpeage Com
pnnj. ruulir auartfrly of ."in cents a share,
pa table Jul 2' tn utm k nf rerord July L'O
Chtcaco Great "Western Rillroad. a dUi
df-nd of 1 per cnt on preferred, payable
.Visum 1" ti stock of rconl Ausust 1.
'lexns Tower and Llsht Company rfc
uhr nuarterlj of per cent cn preferred,
pa able AuTust 1 o stock of record July 20
Trenton Pctte.tes Compan. a dUldnd of
1 per cent on pref en ed ctock. payable July
HI to utock of record'July IS.
Tampi Electric Company, usual quartern
of VI 50 a share, pa j table Ausust 15 to
stock of record Ausust 1.
Great Northern Paper Company, a dividend
of $1 no per share pi) able August 1 to
stock of record July 'J".
Ulranl Kin and Marine Insurance Com
pany. regular quarterly of A per cent, pay
able July to us registered Julv IR
Grand Ilapid Hallway Company. resuUr
quartTl of l'i per cent upon preferred,
paahl August 1, to stockholders of ret,
ord July 20
Hood Ilubber Companv, rerular quarterly
of 184 per cent on preferred payable Au
gust 1 tn ntock f lecord today
Hood Rubber Company rcsular nuarterl
of t1 per tent on preferred payable August
1 to trrk of record Tulv in
Barnett Oil&Gas
. BOUGT SOLD QUOTED
CMIk
Morton R. AUxuuhr'
Mt ' 1 I and thna havlB dAtcru
PUU. Stick E.rtu-. JU. J wW irtf. JLJ jfc
it wHiaui h,, m, mmi .'::. . -i .frji.-ii- "T! wt
swwwsssi 1 1 mi i in
COTTON PRICES DOWN
IN LISTLESS MARKET
Price-Fixing Proposals Pro
mote Tendency to Even
Up Commitments
COTTON rtEI.T 11 EITHER CONDITIONS
.J,,.V.lorl' uX ". iT.he 'ollowln lem.
Ierntiiren Hero recorded In the cotton belt
turn morning: ,-
aaMnV'!1 ami nhvllle. SAt Hemnlila.
Oklahoma. Fort Smith, little Rnrkl
AManta anil Wilmington. 70) Abilene
Shreienort. Merlrtiun. Ilaenn, Mnntnom.
er and AiiBitti. lit ThonmTllle. 74i
Sim Antonio. e Orleans. lVnairnln.
CliarlCHtnu. Satnnnah anil .laekontllle,
.fil tormia ChrlMI and Tampa, 7i OaV
lenton. HO. s
Thero was .04 Inch of prerlpltntlon at
Tampji .00 at Tenaeola! .08 at Atlanta
and .14 at tiahestnn.
New York, JuVy Sflr.V
Tho cotton market was weaker today
and many stop orders uere reached.
The sinking of the United States cruiser
San Dleeo, created feais that German""
bunmarines nugnt nae reappeared In
American wateis,
&
?l
Ucports from Wash-J
liiKlon, concerninc price-fixing propoials,-
were confusing and unsettled, promoting
a tendency to een up commitments.
The easier ruling of prices for spot In ""v
tne nouinwesi mie jesternay, with the
reiMon of siiot quotations lit Galveston
showing a reduction In pressure on high
giades, made some impression on senti
ment as possibly Indicating tjie effect ol
tho approaching movement of the new
crop.
Weather conditions averaged some
what better. Private reports stated
that showers have fallen in sections ot
eastern States where moisture was
.needed Temperatures were higher and
the map showed precipitation In the At
lantic coast States and in southern Tex
as. The weekly statistics, were considered
brarish, but apparently had no Influence
on the early dealings.
11
A
n
n
5
Ml
July
Ausust ..
October...
Iiecember.
January..
Ves. Today's
close opening Hish
21 VJ L'S.70 L'S 70
J7 'Jl L'7.tl -J7.r,0
J1 41 21 41 21 41
21 711 2.1 K1 24 R4
24 .19 24 (i3 24 1
Iiw
2S 41
27 Bfl
25 0
24 10
24 J&
La at
28 SO
27.011
L5 41
24 SO
24 40
Cotton Buyers and Sellers
New York, July 20 July Glfford
and Itussell bid ; Xevvman and Cone of
fered. October Bartlett, Guild Brooks',
Newman and Fredenckson bid; Schllt,
Itlordan. Gifford, Brooks, Downs and'
Sigel offered.
December Schllt and Cardoza bid:
Slcel. Burnett. Hartcorn. Newman and
.L' j ;' t
ucmran ouereii
Jarniarr Schill. Cothran and Bond
bid; Hanemann, Martin, Sellar and'
Hartcorn offered
March Sigel bid.
May Slgel bid ; Brook3 offered.
'e
-!
-iJ
vj
"
-v
LOCAL MINING STOCKS
TONOPAH STOCKS
Hid
Tim Tlutler IS
MarXamira 27
lllnnay
Mlxpah Kxt 01
Montana . ,11
North Star oi
orn . "1
TteHCue Eula 0
K in Plrk IH
West End 1,00
GOLDFIEI.D STOCK?
Atlanta 03
Hlue nun in
Booth . . Q1
nianit j u ii
Palsy 01
Kenanai .iif
Sand Ken 01
leinpa unins in
West Ton , 20
MISCELLANEOUS
Arizona United ,,,. ,10
Askld .
at.
SQ-M
,'OT
.ot :m
.ni -a
,0'
,-:w f'j
.l
Vy
,05
,0.1
;o4
Nevada Wonder
lecopa Jiminc .
.17
3
.'OS V
-O OTI
.23 .I1
-sa
n J$
'a
.an
L. J
nntrcTOHv or 4.ccoiivtanth
Cerlllleil I'uMIe Acconntanta
$,
Vsi!
r.AIVRENC'B K HROWN X. CO
JBIR R11AI. TSTATE TBIIST BLIWI ,?
-tNVrSTIGATi: L ADJUST PARTNERSHIP, f
roui'lllA I lun fc IJIKrUICM AI.WUUHTI
I'AIITNHRSIIII'H
m
3 m
vs
Z"4- ,-
TIIK CUI'RTNEKSIIII KXISTINT. BE,
tween Herman Felnbrrr, Undo re Oiter..Ti
neck HnJ humuel OMrrnrrk, tradinsas ibt VJ
rhlladclphtu SI"'Jl.nty rUv Bur Cmq
ii
miiur and the I'hiladMnhlii Irnn BItiil rB
ahA hoiaa haah HlaiaxrilL t frv Ika lajHrt..Ai
of Herman Feinbers from uid nrm Th,
busineas win ne Lonunupq ny taadore Outer 4-1
neek and Himitel O iter neck, u-adln uodr ' ''I
the same nrm names an tne. will aisumtv 4 i
atl tho outstanding debt. T'.ia-
HERMAN FEIKRERO &
I "ll.YA ..'iJ.Sl" .'. f.
pAJii'ui4 uajhft.tL'K,1
ion. i. stouin rroni i
pvrtr iviipd rftupv uti.......
l,,iuiuv.uun iv Luiix' ntikuiHUi. j; -
414 Commonwealth Rldff. .i&M
LVAJUi NOTICE
a. ,h
. &4
"VJ
,K&- KSTATE OrvFBEDERICK nMj
:sr dereaaVd. letters of adralnlatrataia. .'2
on the above estate havlnc been inuifTtS
lie uijuvi aiiuUi ami vriauiia. luaiDi
said eatate are requested to Maju
and those havlnai olatma tA
cUtpjl ti
"jb
.aa
l