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"- " ' '
V. '.V
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' e , . 5 -' v t s
aumt
OF THE FINANCIAL WORLD NEW YO
4M) PHILADELPHIA SWCmPim,
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JKCW7R
frHP V iA
7EBBBPWPWH1
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m
: meaning or the
jllltrket terms Hint
In your uniir
Mr or flnnnrlal
Mnn
Rl r
Language or
Stock Market"
title nf n booklet
tlrflnen iitpr yilll
ei vvnril nml ri-
lim. Iliprjr Investor
'trailer- m isrll n
r-ra f flnnnrlnl neivsi
.tat kmp n ropy nf thl
girt nnnilr lor nniric
ernre.
J WeJ'or FKKE liooklet T.V.-S69
JONES & BAKER
v Ai si:ctn iti !:
VJ-Wtftnr Bldf., Phil.dVpVn
. Wnlntit 10'X): K'stnsi Unto 2?w)
ft. Direr! Vrlrnlr Wfrei n,nti n
Rend mi your iw.ik, "lingua?.
t the Stock Market."
-XK5
-Ji
.Tl'-OfiO
SELLING OF WAR-ORDER STOCKS
AND BUYING OF "PEACE" ISSUES
MAKE UP NEW YORK TRADING
Weakness of Former Is the Cause of Comment in Wall
Street Discussion of Steql Dividend Prospects
Causes Unsettlenient
High Points in Today's Financial News
Wall street found special intrrr.it in the selllnp of war-order stocks
and the buying of "pracc" issues. Talk of possible reduction of United
States Steel dividend disbursement next Tuesday made that stock weak.
Hussion bonds leflcrted assumncc of t'nltcd States aid by advances on the
Curb. Coin iias hither on larpe demand for cash article. Cotton de
illnvd. I'oirlgn exr.hanye ifni quiet. An extia dividend In Liberty Bonds
yeas deviated by directors of the mertcan Hide and Leather Company.
The J'lesscd Steel Car Company qitnitcrly dividend teas increased fiom
SI.7S to ,'.2 a shuic. liar silver teas unchanged.
vr
FINANCIAL SECRETARY
g(yAX of 4, with m or than
v44ftTl 20 veiir' exiiei-lem-.. In
E&ArllMXiiiiRillIn' "' Investments.
4tslre position as private
pKasJefetary nr rfinllrientlnl ns
?W4tnt. Itillv nuttlln-.l i
S-iyiUMnmim Inrire flnnnrlnl nrTntrn.
,S."l"r.' run lii nrrnnefil nfler
.Suability U ilrmonatratril.
Tplt.Aillre
mp "
KVE
B-A-Wf
S55, I.nljrrr Ontrnl
'AW
nivmi'M)s
IflhlMielphia Rapid Transit
Company
mft$ Semi-Annual WvldenJ No
KQr7 Villa.1l.hl3 T.tlt. 1. mia
ml-nnuI dlldnd of tun and onr-
f rant, or ona Hollar unil tirnt-IH
per share, has bnn dedared out of
ralus earnings of the nscal pjrrmied
8,1918. upon tho cnpltnl ntork of this
,nr. -Payanio July SI. I!J1K. to nharp
l at rrcord at the Llnwc uf tnislri nn
as. ibis.
r bOoKi will remain open.
n. n. sni.KHiDGE.
Secretary r.nd Trearurer
Now Yorlt, July 23
Thp nrtlon of the war nrrtpr Issups nttrnctcil most nttentlon In todny'a
toc! mnrket nperatlons, nnd the weakness In those Issues, eoupleil with
the neqlocteil triiilini; In ir -stooksi on the Curb like Aetna Kxploslves,
-n teKnrrlpil as slfsnlflcnnt nf n peneral illsposltlon to adjust sefurlty
IradlnsT to what tho Street Is now refenlns to as the brighter prospects
for peace. Those who had n Rood deal to do with the Important trading
today spoke almost wholly of trading being divided between buying of
peace slocks and selling of war Issues.
Tho steel Industrials nnd many of tlu specialties were grouped as
war stocks and were ptesspd for sale at frequent intcrnls during the
day. Tho heaviest selling followed the late afternoon advices Indicating
further progress by the American forces which, it was assumed, must
result in hastening the end of the war.
There was also a good deal said about the United States Steel
dividend to be acted on next Tuesday. For Mime leason the Stteet has
been HUed with rumors and predictions that the 4'i per cent distribution
would not be maintained, although Information from the best sources is
titat tlie 17 per cent annual rate will be continued for some time to come.
Steel was under pre'suie throughout the diy and, although It rallied
to 10o"4 after an early iccesslon, It was offeied down to below 105 late in
the afternoon. Tool effort made some specialties stiong at times, American
Sumatra Tobacco advancing S to 134, but when the selling movement
was In piogiess that stock dropped mote than L" points from Its highest
price.
New Haven and Canadian Pacific were exceptionally strong, those
stocks being bought by leading banking Interests.
The bond market acted In about the same wa as the stock market,
industrial bonds being In supply In large olume at concessions, but
there wore few nearby bids and only a moderate amount of business was
transacted in those Issues.
The dealings in Liberty issues continued on a large scale, but within
a narrow range of prices. The 4 Us yielded from $D."i 78 to f.'n.GG, the
Second Liberty 4s sold at $03.96 to J03.U4. and the 3'is wete traded in
at $9U 6fi to S'J9.0S.
Netv York Stocks
T.nw
1H
43
33
4fl4
04T
"4
41 VS.
7I
181
71
100
9114
AR
l"4
nit
Adv Humley .. ny
do nr 4tH
Alaska Old M. 8
Alaska Juneau tu,
Allls-Chal Co . 33
Am Can , , . , 47
Am Can pf . t4
Am C & F Co 84
Am Cotton Oil. 43
Am Hide & Ij pf an
Am Smelting .. 77H
Am Sum Tob .184
Am Steel Fdry 7ZH
Am Sugar ...in
Am Tel & Tel. da
Am Wool .... 80
Am Zinc & Ld 1H
Am 7. & t, pr.. bo
Anaconda t.
'.MQr& ff'"lH H"1
iiald Jjoco Co. . 8!) R7V4
H?.th,s!tcel D-- tt "I vi
nthsti spcnf.ioV in.
Brook Ran T . unz in.v.
Canadian Pac..l3Vi I4B4 UO!
vemrai Lieatner aji mv4 odVi
rnu lie 1-aSCO 84
Chandler Mot . 83 Vi
Chi Grt W pr. 24Vi
C M & St V.. 4I?
do prcf ... , 7ft
C It I & Pan tn Sail
Chile Copper.. V4
Col Fuelft Ir... 40
Col Gas & Elec 33Va
torn Product n. lit
Cruc Stl bsij4
Cuba Cane Sug 3(1
Dome Mines . . 8f,
Distil Secur... 89
''ie is
Oen Eleo Co... 148
en Motors... 151
Coodrlch B F 48
C.randby Min.. 78
Ot Xth Or subs 31
(5reene-Can Cop 43
Haskell & Bar IS
Inspiration Cop 83
Int M M 37
. do pref 07
Int Xleltol ... flit'.
Kan City So. . . 17
iveny spring. .. SO
Kennecott Cop. 33
Lack Steel 83
Lee Rub & Tire I9V4
Max Motor ... 38
uu, isc tire . . no
!
!
"' 1 14
08
18
KH r
Sp6 -
f&tr.
I! AMU.TON TBfST COIMY
gstwwnmn ana .iinrkrt Mrrrls
l'l,- 1 IlllHtirilllUH, J1HJ ., i;i .
iTlHi'Boart of Dlr.rtorn has tin- lav dr-
n.quaneriv nmaena ol 3 iS2.U0 ,er
an tha ITnnltnl slnk if 11, l i'..n..
vaarable AnKiit 1. 1018.
r'tif. AURMIAM PVI.i:. err..tnrv.
nnuDEi.riiiA .atki.nai, hanh
W" July S3. 1D1S
-uirectors nnve.ims naj clerl.ir.il an
LllTiainl 01 lour per rent (SI per
rtor tho past three months. pnahl
ftil.lu stockholders of rernrd ni ihr.
1 rf ibuslnesa Julv 31. 10IN
icelu will be mailed
I'.W,,?. H FORTCSCUB.
fcJyySV- Cashier
'ssaWIXCTORY OF ACC'IIDNTAVTIt
"'CrtMsd Public Arconntants
a.WRENirr. k nnrnvK a. m
rj KEAL, KSVVTK TRUST til.UO.
lUra AI-JUHT I'AKT.NERSHtP
U'riON nisruTKn ACCOUNTS
"'
RUSSIAN BONDS THE FEATURE
OF TRADING ON NEW YORK CURB
Mex Petrol
Miami C Cop
Midvale Steel
Mo Pacific .
Mont Power .
Nat Con & (V
Nat Kn & Stpd S3
.-sew 1 otk ueni "
N Y N H & H. 43U
Norf & West. . 103
Ohio (las 37
Penna It It ... 14
Pitts Coil .. . so
Pressed Stl Car 08
Ity Steel Spring 00
Uav Con Cop . 34
Heading . . 88
Itep iron &- Htl
Sinclair Oil . .
So Pacific.
Southern It It
Studeb.iker
Temt C A: Chin 10
Teas Co . . ISO
Tobacco Prods iI8'i
Union Pacific. .132
Utd Alloy Stl. 38
Utd Cig Strs..loo
1'n'tcd Fruit . . 130
U S Ind Alco.138
Net
r1ose chire
10 M
43 1
8
3
R3
40
04
84
41 ..
711
70
13S 3
71 1
ion 3
oV4 V4
88 3
18
0 1
OS 1
103 . 1
M8V
4
83 ..
103
40
1
34
83 ..
34
40
73 3
33 ..
10
44 1
33 ..
43
S
30
8 4-
S
18 ..
44 144
IS4 184
4S
78
31
13
44 ..
S3
3 1
00 I
81
17
BO
33
83 . .
10
38
SS 1
08
30 .
80
23 ..
IS
IS
81 I
7 1
11
03
37
43
40
07 1 '
00 1
33
34
83
34
40
73
33
10
44
33
43
AS
30
8
88
I
GOOD GAINS IN CORN
OiVDEMAND FOR CASH
Philadelphia Stocks
!l
3 1
83-
33
40
4S
78
31
43
44
S2
30
00
31
17
SO
3.1
33
10
38 Vi
SS
07
30
80
33
OS
IK
SI
7 I
40
103
37
43
40
00
00
33
80
Oil
31
83
33
48
111
110
0fli
Predictions of Smaller Ar
rivals Help in Upturn Few
Offerings Keep Oats Strong
nhlrnfa, July 23.
Reports ot a demand for the cash
article. Including lots to go abroad, and
predictions for smaller arrivals here to
morrw, led to good gains In. corn here
today after It had been weak.
The start was stronger, there being
little selling pressure, but a sharp break
followed under renewed seHlng. The
market became oversold and buying by
commission houses drove shorts In, turn
ing prices upward again. Crop and
weather news was encrouaging.
Receipts at points In the Interior were
not nulte as heavy as yesterday, bu
the total was liberal. The movement
of new wheat continued large and Is
expected to Increase the request for
suhstltgles for flour, as barley is prn
Ing unsatisfactory and unprofitable. The
InoUirV for nlH nnin fnf mltllnt. ttut linuej
Is expected to be heavy. A
Good buying by commission houses.
with offerings small, kept oats strong
Some hedging was noted. Offerings
from the country were a little larger.
Cars are reported plentiful, and a big
run of oats is expected next month. Kx
porters are not bidding and the domestic
demand is said to be poor.
July oHts ended at the top at 74 Vic
with the low point yesterday's final price
of 72ic. The best on August was
G9,i8; the bottom 67 c, and the close
69VsG9c, against 68VaC yesterday's
last price. The high on September was
69c; the bottom 675ic. and the final
68Tn85i, ngalnst 67c at the end
yesterday.
The best on July corn was $1.BI,
with the low $1,46 and yesterday's last
price i.n. Tlie top on August was
M.62&91.52i, at the close, against
$1.48',; at the end yesterday, with the
bottom 1.47y. The high on Septem
ber was at the end $1.63i,ii)l.B3,
with the low 3-4o below yesterday's
final .mice at $1.49. ,
el.adlne futures rnnced, as follows
..... Hlh
lOKlec Stor 84
100 Opii Asph 33
$ Ins C N A 50
800 Lk Sup C 20 1
8 Leh Nav, 80 Aft
zz t.en val. 88
I Leh V Tr
pref ... 3?
10 Miami Cp 30
184 Penna RR 44
10 Phlla Co
cum pf. 33
108 Phlla Klec 34
380 P R T t c 37
873 Phlla Nat
Bk wrts 107
20 Ray Cons 34
88 Reading.. 88
110U U I... A3
4330 U S Stl..l0A
IffWestlngh. 41
8 W Cramp 80
Net
I.ow rloso chare.
84 84
32 S3
28 20
1 10 ..
Off 80
88 8
37 37 It
38 28
44 44 ..
33 33"
34 34 .,
27 37
l4 107I3
24 24
87 87
A3 A3
104 104 1
41 41
80 80 3
o.Tn'"L "l1"' 6ffln! "hares, rnnmnrrd with
?2'4.."hnrf '"tenia! thus far this week.
10.881 slmresii same period Inst ek, 24.138
snares.
IIONDS
linen
8100 City 4s '41
. reg .... 07
2800 Lake Sup
Inc Ti3.. 88
380 Lib Bonds
3'4s ...00.30
800 do 1st Is 04.30
3800 do 2d 4s 03.08
2300 do 4 Vis. 03.00
iuii I'niia Kiec
1st 6s.. OS 03 03 2
3000 P U & W
4s 1921 OS OS 05
3000 Reading
gen 4s. 83 83 83
Tnlnl sales. SftO.OOO. compared with I8,
080 .icstenfii 1 thus flip hlH .li 33.fMi,
wime period Inst week, 831,200.
R Net
Low Close chBe.
97 97
88 SA I
90.30 90.30 .20
04 04 80 .30
03.A0 03.80 .34
03.30 93.80 .30
Local Bid and Asked
Open IllRh
1 orn mew nemervi
Low Close
Auk-
.sept .
Oats
Aug ..
Sept
t-Y !.-" I.1IH l.l.-Vl
4 I S3 1.40 1.83',
80 1 I.artl
00 .Tulv
, If Itll.s
"1" 1..I.
I Sept
I 4S
1
(17
117
aoi;
00
01
&&Zinancial Briefs
Mill . . . J
i,Tir."'ihe quarter ended June 30, the
I Leather Company reports a net
iof I2.1S2.4S2. a depress nf fo . I
MJ2; as compired with the corre
vihlaT Deriod of 1917.
PV d' I
protective committee of the At-
vaiy uas company first mort-
cent sinking fund gold bonds
"Is acting independently of the
cment, reports that the bonds are
in rapidly anil urges all bond
1 :who have not .is ver fnrw.ir.in.t
'bonds for deposit with tlie (Slratd
company, aepositar, to do bo at
5m
j,TM Logan Trust Company's branch
r i located at 6206 Woodland aenue
S)b':removed to 6311 Woodland ave
IcWhen alterations are coiiinleied ir
tiroperty at th latter location.
mn.has been bought for the use nf
KJkraaeh.
Issues Placed in Strong Position Because of Efforts to
Restore Order in That Country Independent
Oils Active War Stocks Neglected
New York, July 23.
DTiring the greater part nf the day the leading Issues on the Broad
t-treet Curb, with the exception of the war stocks, were In good demand
with most interest attached to the trading in the Russian bonds.
These Issues hae been placed In a strong position, because of the
President's efforts to resloie order In Russia, and there was a continua
tion ot the upward movement In Russian i-eeurltles. The 6Vis opened at
51 and advanced to 60 and the BHs at the ame time moed up from
53 to GO.
The Independent nil stocks were actively traded in, with one of the
low-priced issues, Stanton Oil, attracting attention because of buying by
some Important interest here based on iepoits of material Increased
production.
Houston Oil. nfier selling at 77 H, advanced to 80ss. Merritt. sold
at 2.1 and Pierce was traded in at 16i to 16-..
There was active trading in the mining stocks, but without material
change in prices.
The war stocks weie neglected and the decreased business In those
issues was regnided with Msnliicanie, In view of the developments on the
French battlefields.
' t' S Rubber
U S Steel
do pief . . .
I'tah Copper
1 Va Car ('Item
Wabash
do pref A .
West I'nion Tel 84
Westlnghse Mfg 41
Wotth P & M . 01
-.Willys-Overland 30
31
83
33
4S
10
140 I
o
1 141
38 38 Vi
110 100
ISA 130 I
I3A 130 1
At 01
100 1111 104 1
1 1 1 1 1 1 1 1 1
sn 47
jii 37
n7"J
117
20 37
20 as
Amer Stores ...
Hrlll JO ....
Italduln t.oro ..
lllectrlc Ktonuxe
General Asphalt
do pref
Kcv stone Tel ..
do pief
Lakn Hup Corp, .
LehlBh Nav . . .
Lehigh Val ....
Penna It It ....
Phlla Llectrlo . .
1'hll.i Ci
do H p c pref.
r 11 t t c
Heading
I Tonopah Pel , . .
ypgt I Tonopah Mln ...
1 lost: Pnlon Traction .
1.411; tr s HtrVil!! .'.
1.4111. ' Vork Rivy ...
uo prer
Today
JJId Ask
0 07
its M (17
Jit
. S7i
. 1-.31,
. 31
"I
.'. -!sn
. iJ.
. ns'i
. SH
. 44
. '-'4'J
! si
. 27
. 87
' S
! 37 ,
. 84 i
. 104
. 74
31
V Cr.imp & Sons.. 81
.111
JH
RH'i
r.4'i
32
IISI4
8
Ml
211
(111
r.s
14
24
84
27
8S
3
2"i
38
OS
ill.".
n
32
83
Yesterday
llld Ask
20 311
M 'JN
.SO Sll
r.3 Sl
31 33
117 HS
7
4
1
118
r.A
44
J4H
20
33
27
8S
2
2
37i
04
inn
78
7
r.u
10
-iii
SS'.
44
24
211
34
27
8
3
21)4
38
IIS
100
81
0
32
24 A3 1!4 111!
Pork
.Tulv
St.pt
4.V.VI IS If. 4S SO
21.47
20.37
24.08
24.(1.-,
48.0".
48. AS
2A 20
U0 20
24 82
24 72
48 SO
48.30
H0
48
10
40
80 1
48
Adams Fxp.. 68
A lax Rub .. 64
Allls-Chal pf. 82
Am Agr Chem 92 rs
A... Aw Ch nf !llf.
.?. ' Am Reel Sug 68
HV; . I Am Bk Note 34
83 1'Am Rk N pf 161
41 Vis A C C & St L 32
"' Vi ,.m C& Fpf..ll0
2 Vi Am Coal .... 52
Am Kxn .... nn
Total snles. 330.300 shares, loinpnrril with I Am Hid & L. 18i
333,400 shares ipstenltu 1 tho. fnr this week. 1 Am Ice .13
601,700 slmrrst same period last week, 813.- Am Ice jir. . . 49
300 shares. . I A 111 Linseed 42
1 Am Llnsed nf Sii'i
bti4
80
48Vi
10
39
Kl'.j
41
01
30
NEW YORK INACTIVE STOCKS
Following arc quotations fo- Inactive 1
.pvv ork siockm ann fn wlil
were no transactions today. The price
given is the last previous sale:
Loose-Wiles B 26 ",
Loose-W Bis
1st pf... . 86
T.nuln ii Vash.ltSV-Loose-Wll
Bis
2d pref 20
Mackny Co... 64
Mnckay Co pf 64
Manhat Shirt. 65
M'inhat Kiev. 95
Man KLSupCo 48
Max M 2d pr. 22 'J
way 11 s pr. .in:!
PHILADELPHIA INACTIVE STOCKS
Following are quotations for inactive
stocks listed In the Philadelphia Stock
Kxchange and In which there were no
transactions today. The price given Is
the lost previous close:
A G war . .. . 1 Vi Key Tei 8
Amer (las ... 65 Lit Bros .... 25Vj
.vinance ins.. is;i i.eh Val Tr. .. uo
Atner sun ... 1 1
Am Rvvys pf, 65 N J & S 89
I Amer Stores. . 29 Nor Penna . .. 86
, Amer Sirs pf. 92 Penn Salt Mfg 84
Baldvv Loco. 91 V Penn Trafllc. 2i
Baldwin pf ..100 Phlla Co .... 29
linn .1 (i .... .'5
Cam Steel. . ..131
cataws 1st pf. 52
Phlla Trno ... 67
i'niia & vvest. 6
i ,-.. oj jLm ... :. .; .- ---!"
.tltlB 1U pi.. Df lin (JO A .I..188
Con Trao N J. 66 IT S Steel pf.,110
Krlo 16ti
Oen Asph pf. 69
Ht & II T.... 10
Ht & B T pf.. 17
Ins Co ot NA. 26
War Ir & Stl. 8U
West Coal ... 73
w ,icr & S S 39
York pf
31 U
A'eiu York Bonds
IP IN FOREIGN -TRADE
IVnUSTBlAI.H
nid
11
3
3
2
08
37
78
H
.131
. 78
. 39
Vest close
Ask (sale)
Aetna Explosives
Am Brit Mfg
Am Marconi
Amer Writing Paper.
Air Reduction
Canadian Car Co. . . .
Con Car & Fdy pref.
Charcoal Iron
Chevrolet Motors
Cramp
Curtlss All plane
C.u wen Tool
Caibon Steel . ",'
Kincrwm Phonograph 1
Federal I've i
lTddci. MfK .
Lake Torpedo Boat
'for Fiscal Year Uerren.e Ciin
fitfs in Imports
iiWiJUHlon. July 23. nurlne- ih
WfAVo'nnVn C,VHr R IfS I-ehlgh Coal Sales
mire with thi tot. i"f tiuVofmn" Lima Ico
IJ191T.
I AMArdlng to figures made public todav
Ifi'lsMYDepartment of Commerce, im
ffteanrmr the fiscal year la IS snowed
mane oi ;!w,iiui),uuu, reaching u
M2.946.000.000.
srt."howe er. the figures disclosed
ltcrease of $362 ooo.ooo the total Redden Truck
ra?ueinic sa.ujs.uuu.uuu. an enm. (:. iniu.Knnn
p. Tf I III U,.9V.1'UU.1IUU n lll J an
t exports over imports amounted
I.OflO.OOO In 1918. against 13 IM1 .
i urlng the fiscal year of 1917 '
Maxim Munitions .
Marlln Arms . . . .
N Y Shipbuilding
Nor Am Pap Pulp
Otis Elevator . .
Pierless Motor ...
Poiile Kng
III
4
78
43
78
38
2
47 '
15
80
11
0
3
3
73
48
HO
8
134
8.1
40
8
131
30
45
.83
47
13
3
133
115
INIIKPF.MIKNT OIL STOCKS POST,
Test, close
OCK QUOTATIONS
July 23. llOdS Receipts ! -
left over. 8401 head. Market
3 nlffrier ill? tvir-k... mnm ...
ulk. liH.inftiu- iiit,.ho-. h-n..
18.901 packlna heavy. 17.7rils.i.V
H"':ui P'". 17"SBI!. roush,
rLB--RecelnlB H.nilO .aA a.u.
uuri - better, strons. new. top. J18 33'
B.khjdi nnd butchers cattle more ac-
w wiu. w .....v. vatta, BieHUy, .JC
i!S.
-Receipts. 8500 hesd. Sh..n
k-KlinliB oiostly 23c hlchrr.
W
17
12
S
10
14
89
3
31
30
1
83
40
3
SO
l
70
13
28
V4
a
17
is
03
V4
a
31
33
V4
9
Market
ha, July 23. HOOS Ilecelpts. '
Market Si. tn 1 lin. hlah... '
Hecelots. H70O hurf w,-nH '
-.RacsilDta. flSnn h.ad k,..... - I
1
Uj1 4-1. w Ti.l- .. r. 1 w- .. ..
'-- . . u -d. V.A 1 1 ljt r(e-
wp neaa. steady, lu0 hlsher.
-Receipts, 4(i00 head. Market 35c '
Kr.
-.HecelDts. 30011 hA
blrter.
. July 23. HOOS He.-rlm. cm.
krket active. Heavies. ilt.'25t
t yorkers. i.ns20 10. llsl.t
1.00 02U. Ill: Dies, il'j nnfo 1T1
S-.'AND LAMBS Itetelpts. -1500
Mtel slow. Top slieep, fl2.SU,
l Receipts. 300 head. . Market
H!'
1. K. ,. Juy 23. CATTLE
head. Kasier. clvew .it...
iraa r-aiier. iiu 10.
read.
Standard Motors
Steel Allovs
Submarine
St Joeeph Lead.
Todd Shipbuildirg .
Triangle Film ....
Cnited Profit Sharing
I' S Steamship .
Cnlted Motors
I'nlted Sugar . .
World's Film
Wright-Martin Air
Zinc Concent . .
STAN.OAHO O
Illinois !
Ohio 332
Prairie Pipe 3-
S () Cal S18
S O N J 330
SONY 373
ISnKI'KNDKNT OIL STOCKS
Barnett Oil &. Gas. .
Copden & Co 9
Elk Basin 0M
Federal Oil 3 2W
3
s
1
A
32
10
10A
337
3AO
.1.
83S
378
. I
A
2
Inter Petrol
Houston OH
Merritt Oil
Midwest Refining
Met Petrol
Ohio Fuel
Okl.ihnma'Ref . . .
Sapulpa lief
Seriio. ah
Sinclair
Stautou (HI
minim;
Atlanta
Big Ledge
Butte New Vork
Con Ailz
C F S & .letoinc
Emma Cons
First National . . . .
(iddfield Mergei . . . .
(Joldfield Cons
lioldlleld Florence . .
Cnldfleld Ken anas ..
(Ireen Monster
Hecla Mining
Howe Sound
Independent e Lead ..
Jerome V I de
Jim Ruller
.Iiunho Extension
MrKlnley Dariagh ..
Magma Copper
Mother Lode
Mins Co of America.
Nevada Hills
Nevada Wonder
Nlplsslng
Ohio Copper
Ray Hercules
San Tov .
Tonopah Extension ..
United V. ide
West End Con
White Caps
Yerington
llld
. 13
. 80
. 34
1 14
1
. 13
. 7
8
. 18
. 1
Ask
14
80
33
116
1
17
7V4
8
30
1
77
8
HlBll
$7000 Am. Agr deb 3s 93-i
10000 Am For Sec 5s 97
3000 Am Smelt 3s.. 87-14
7000 Am Tel fit Is 79 Ti
8000 do 5s ... 87
3000 do cvt iis 8934
SOOOm W Pap os 85
192000 Anglo-Frch 5s 93-ij
0000 Armour C I i..s 83
1000 Atl & Char! 5s 92 ,
7000 Bait A Ohio :.s 781,!.
10
10000 Cent Lea 5s. 94
2000C R R N J 5s.lO0-y,
1000C & O sv lUs 75 if.
4000 do 4.s . . . 70
3000 do onv 5s. . 81
3000 do 5s . . . 95
34000 C H & Q Is . !H
4000 C n&Q-IIl 3s 72
2000C M & St P
rfd 4s ... 68
1000 do cv 4 4s .. 76
1000 do gen 4s 80a
11000 C It 1 & P rf 4s 682
1000 C C C & St L
gen 4s .... 63
111000 cty of Palls 6s 88T
2000 Con (las con 6s 99 U
ltiooui orn 1'ro .is '34 iiti's
Liw
93 U
97
87
79 Ti
87
89-14
85
93
83
9-ss
78-11
Clone
93 Vi
97
87-i4
79
87
89-
85
93
83
92 ,
78
Am Loco
Am Loc pr
Amer Malt
Am Mall pr. 431,
Am Shpbld Co 30
Am Sm pf. ..104
1 Am Sm pf B. 89
' Am S Tob pf. 99
, Am Snuff ... 97
do pf 110
, Am Tob 11 f n. 94
Am Tel & C. 60
Am Tob ... .160
Am Wool pf. . 94
Am Wri Pa pf 27
Asso n C,ds . 12
As-o Oil 68
Mev Pet pt,., 96
pjn KNtLnew II
Mont Pow pf.101
Mnr & Essex. 39
SI K X. T cit
" Mo KT"n'r'. 9
" ni N 1' X. C Cm OO
Mo Pac pf. .. 671
Nat Acme... 30
Nat Ills-cult.. 94 4
-N K & S pf 96
Stpd pf.... 98
x.aJ 5M,R nf ..107
Nat Clk & St. 69
Nat 7:nam &
Nat Lead ... 69
Nnt L.ad pf.100
Nevada n
NRRofM2dpr 6
iXAIrn'ke.io.
75 7514
76 76
81 81
95 95
94 94
72 72
67-i, 67
76 76
80 "a 80 "
68 68
63K. 631A
88 88
99 99 Vi
99U 99K.
B&Opf...B7 " W.. 21 I
Bald Loco pf 100 rr & So, 21
Barrett Co . 94 N01 f & W pf . 76 ;
Barrett Co nf.lO'. North Amer. . 43
Batopllas Mln 1 1- O.?1" Pacific 8s I
Booth J'lsn 10 in 4 """ ?m mi., sa
. Brown Shoe C 68 Oh o OaR rets 63
' Brown S pf.. 97 hlo pUP, Sui 44
Brunswick .. 12'p Ontario Silver. II
Bums Bros. .122 9.wn' Hot... ft
But Cop&SSInc 12 P C r & st L. 50
Butto Sup 30 Paclfio Mall.. 28A
Butterick Co. 92 Pan-Am Pet pf 94
Cal Pack 40 Peoria & East. 4
Cal Petrol .. 19 People's Gas. 44
Cal Pet pf.. 69 Pfro Marq .. 14
. t-iii ..- -:,t ;" vu .... -H
I LOCAL MINING STOCKS
, TONOPAH STOCKS
11 r, ., "M Ask
llm Butler S ,SH
MacNamara 28 ,31
Midway , 1)8 .117
1 Mlrpah Ext OS .07
Mnutanx ill .13
North Star 00 .08
Rescue K'ula OS .10
West End 1 1
(IOI.DFIBLD STOCKS
Atlanta 08 .00
' lllue Hull 01 .03
Month 03 .08
Dlamf II II 01 .113
Daisy 01 .113
1 iCrvvanas 03 .0".
inro 01 .02
'Sand Ken lit .u'l
I Silver Pick OS .07
I MISCKi.LANKOUS
4 rlz United 13 .17
Nev naia Wonder 4i
Tecopa Mlnlnit li: ,1s
I'rcsfed Sleel Car Raises Dividend
New Vork, July 23. Pressed Steel
Car Company has declared a quarteily
dividend of $2 a share on the common
stock. This compares with a distribu
tion of $1.76 a share three months ngo.
In nddltlon to.the $2 quarterly dividend.
$1.75 a share was declared on preferred
stock.
3000 Chili Con 7s ..107 107 " 107 " Cent Fdy pf. . 4B Plerce-Arrow. ani?
OCRS . 6000Dom Can '31. 91 91'- 91 Cent Lea pf..!"-''' P'erce-Ar nf. 97
8 A S 11000 do '26 93 93 93 Certalnteed P 33 TMtt, & We,t 35v-
I 1... 2000 do '21 94 94 94 Certeed 1st pf 8; Pitts & W pf. 73 S
I ..I 3000 Erie con 4s s A 48 48 48 Ches & Ohio. 5. Pond Ck C Co 19
1 1 1)8 3000 slo 4s ser B. 48 48 48 '!?"",. r ' Pr,.?1,e'l C Pf 97T.
I 1 .. I 1000 do 4s 66 66 66 C.t ' West 8 V nr. lie Serv . .100 '
IS 20 .. ' 34000 Oov Fr R 5s 98 98 98 h & Nn. . 9- Pullman P C.113
3 3 10r 1 10000 Hud & M In 5s 19 181- 18 Chi & . lJ-a Head 1st pf. J)9ii
3 4 2 I 3000 do rfd 6s 59 B9i 59U C R I & P Rend 2d pf . . 39
r 20r niimi inuiana rti os. 31 m yi 1 i" .- - -- "t'jrtv a(l..l00i
'-' "" J???- ,'n.t. Wv ii, "' "afal tc . 7B?i ?' Bnr nf Mtj
311, immu liner Jll-I - o n IU
t
3
rV
4
4
3
li
88
38
31
36
IVi
3
Vi
8
4
10
Ml
38
103
30
3
14
8
V4
4
4
4
A
00
14
42
34
38
1V4
8
I
8
1
4
1
38
100
33
A
7000 Inter RT ref 5s 80
28000 int Mer Mar 6s 9
80-1,
9
so Ti
97
-- r JC- SI T,. 32
Cluett Peabdy 52
f-nl & Ariz . . n:
jaxon .Motors. 7
.-"J1 l-II (Vn It a. s. " -
""" im-, m
37
13000 Jnpan new 4s 90 90 911 J,0 ? tfn, fh" i 5l J'San Fr. 124
2000 Kan City So 3.s. 00 60 60 r L, lit nf '. 49 S HSFU)f "
1000 Lacka Stl 5s'23 95 95 95 Sm Tib Rec 27 J;t L & S W pf 21
2000 Lk Sh deb ls'28 86 86 86 r-nnl Int C M 11 Vi S'iI'VI. 7
5000 Llg & M T 7s.lll 111'1U p2"s0, ons ?. 85 ghd A L pf. 19
SS700O Ml, llou.l 3s. 90.70 00.64 00.08 r,t ran ... 72 Sars-Roeby . lj
678000 do 4s 04.02 93.93 03.94 r-ntCanpf.. 99 ZTS'. Pf.UB
104000 do 1st 4s... 04.7(1 94.50 94.60 ',',, Ms Co. . 50 5 .. S.lc Su-!"
1038000 do 4. ....9S.78 8..-fl 08.02 e.i Prml n lfll V. l rnico r(s 5
Paris Bourse Quiet
PHrls. July 23. Trading was quiet on
the Bourse today. Rentes 61 francs.
85 centimes ; exchange on London 37
francs. 16 centimes; 5 per cent loan 88
francs. 60 centimes.
LOCAL SHARE TRADING SMALL
AND PRICE CHANGES ARE MIXED,
WITH LAKE SUPERIOR LEADING
That Issue and Storage Battery Are Higher, While Gen
eral Asphalt Declines Cramp and Lehigh
Valley Preferred Much Lower
i
Stock trading was small on the Philadelphia exchange today and price
changes were mixed at the close, following n stronger tone during the fore
noon. This condition; was virtually a duplication of those shown on the b(g?
board nnd the afternoon softness was largely attributed to the pressure
against TJnfted States Steel common, which resulted in that usual arbitrage
lender registering a decline here after it had made a substantial gain.
The encouraging war news was the cause of a great deal of comment,
but thai Influence, which last week brought sharp advances, has for the time
has ended na a strengthening power. Other matters such as the tight
money market, possibilities of higher taxes on Incomes nnd discussions of the
possibility of a change In the dividend policy of the United States Steel Cor
poration next Tuesday, have had a disquieting effect. And, until these mat
ters are settled, or something sensational develops on the western battle
front, it is not thought much activity or higher prices can be expected.
Lake 'Superior Corporation continued to be the active leader, and it was
higher untll near the close, advancing In the afternoon to 20Vi. up to U.
There was also a renewal of activity in Rapldf Transit certificates, but they
declined 4 with the majority of th? list.
One of the Interesting features was the demand for Philadelphia National
Bank warrants, which carried them up 12VS points to 107V4, the highest price
at which they have sold on the exchange.
Electric Storage Battery continued firm, gaining , but General Asphalt
yielded the sa'me amount. Insurance Company of North America lost ,
Lehigh Navigation gained U. Philadelphia Company cumulative preferred
declined a fraction, and Philadelphia Electric and United Uas Improvement
were each unchanged.
One single-share transaction the first since October of last year was
recorded In Lehigh Valley Transit preferred at 27, off 11 points from the
previous sale price.
Reading Railway lost on a trifling turnover, and Pennsyl
vania was marked up fractionally, but closed unchanged.
One small sale of William Cramp certificates was recorded at 80. a de
cline of 3 points, but this loss was not Important, as It 4wassald to have
been a forced sale when a market was lacking. y'
Business In Liberty Loan bondu was small.
"New Treasury Certificates on Sale
The third block of Treasury certificates are dated today and tho Phila
delphia Fcdernl Reserve Bank started receiving subscriptions to them this
morning. As theTrcasury' reduced the amount of the offering from $750,000,000
to $500,000,000 it is presumed that each. Reserve Bank will have its quota
reduced correspondingly, which place the Philadelphia quota around
$36,000,000.
Tho Federal Reset ve Bank today withdrew from depostories in this
district Government deposits to the extent of $10,224,000, representing
33 1-3 per cent of the July 9 issue of certificates.
The success of the sale of war savings nnd thrift btamps made It pos
sible for the Treasury to reduce the amount of the third offering of certificates.
In August it is understood the Treasury will make the first offering- of
Treasury certificates In anticipation of taxes due June, 1919, nnd the certificates
will bear 4 per cent interest the same as those Issued in anticipation of the
taxes due June, 1918.
WEAKENING OF SPOT
SENDS COTTON DOWN
Hedge-Selling Against Increas
ing Action of Coming Crop.
Ginners' Report Bullish
New York. July 23.
A weakening of the basis for the spot
article in Texas was the overshadowing
feature In the cotton market here today
and led to liquidation, causing severe
losses In prices.
There was hedge selling on a large
scale against the increasing movement
of the coming ercp; bullish statement
by the National Olnners" Association;
continued droughty conditions in Texas
nnd favorable war news were counter
acted by the advices from Texas. Indi
cating that premiums of the high grades
at C.alveston and Houstcm were reduced
50 to 100 points yesterday, while dis
counts on tinges nnd stains at Houston
were raised 25 to 50 points.
In the last fortnight high-grade pre
miums have declined 80200 points at
leading centers In the Northwest. This
probably explains the big selling by spot
Interests here.
After the opening, prices rallied a
few points and the market had a stead
ier tone.
Yesterdav's
close Open Jtlsh Low Iast
war. no'or: "on.-, is'tir. writ ' eiknwiv
i)"ir ncio us'ir. vs xr. - nr. finr
October 2-1.112 28. (HI 2ft (HI 23.111 2ft. 4H
lleccmlier 23 03 24,83 24.83 24.44 24.80
January 23 0(l 24.A2 24.02 24.24 24.24
.Marcn -i na. --i..i-t -i.ni .--1..1.1 24.1t.
May 24.85 24.30 24.80 24.33 24.38
.NovemDer -4. u 4.1111 24. uu -4.uu
Local Meat Market
(The follow Ina- report of the wholesale
fresh meat trade In Philadelphia la furnished
bv the local livestock and. meats office of
the Hureau of Markets. United States De
partment of Agriculture.)
KUKSIt HKKl' Ilecelpts moderate; some
choice beef In but bulk medium grade
Krassers; market very dull; demand Hunt,
due to extreme heat.
KOSIIKR HKKK flupnly normal; market
steady at $23027 on cliucka and plates. I28fl
32 on hinds and. ribs; demand juat fair. '
STKKHH Uecelpta moderate; market very
draKRy nt unchanged prices; demand ex.
tremelv light. ...
COWS Hecelpts light: market slow; de
mand poor. .. . .
IUJI.I.S Receipts very light; market
weak; demand dull.
V1IAI. Uecelpta moderate and mostly
heavy western calves; market atrady on
light veal nt 24ir25. very dull on split
calves at I12SMS. with medium weights
flKiQ2l: ilemnnd limited.
roilK ltetelpts normal: market steady on
light loins; other cuts slow; demand Just
fair.
I. AMU Receipts moderate, supplies ac
c'linlntlnK. market dull at yesterday's
prices: demand light, due to hot weather.
Ml'TTON Receipts light: market about
steady; demand poor.
American Hide and Leather Pays Extra
New York, July 23. American Hide,
and Leather Company has declared the
regular semiannual dividend of 2 per
cent and an extra dividend of 2 per cent
on the preferred stock, payable' In
Liberty Bonds. For the quarter ending
June 30 the company reports net earn
ings of $995,913, an Increase of $567,656
over the corresponding period of last
vear, and for the twelve-month period
net earnings were $3,007,882, a gain of
$566,871.
Extra by Kentucky Solvay Coke
New York, July 23. The Kentucky
Solvay Coke Companv has declared a
regular dividend of $20 a share and a
special dividend of $2 a share, both pay
able August 10 to stockholders of record
July 31. Common stockholders are given
the privilege of subscribing to common
stock at par to the extent of 2 per cent
of their holding at the close of business
July 31.
IIONDS
Bethlehem 5s 00 100
Cosden Oil 6s 77 81
Cofden & Co 6s 77 81
Cudahy 5s 07 98
Russian Cov 4 Vis... 87 39
do 6Vs 57 80
Southern Railway 5s 98 08
Sinclair Oil 6s 79 81
Todd Shipbuilding 6s. 96 99
HI
4
10
Mi
09
etpts
Mllil head. Stead fn
SI9 S010.73: mind. 11S.7B
era Iteht vnrknrs and nlira
: roughs. I17? 17,23. stags. 110
JD'LAMItS Recilpts. 700 head.
liven. ..11: vearllngs. iiuta
113 30013.78: ewes. ItiOlV
etl3013.no.
IK COFFEE MARKET
July 23. The market for
1 waa opened unchanged to
her. Interest was centered
itch was bid up to 9.14. It
ived that cotton exchange
(accumulating a line In this
f'A
Test.
Opn High Low Close closi
, . H.4.3 S.43 B.SU B.ail K.3N
;: 8.40 8.40 8.4U 8.30
:r.(K) 8.AO 8.110 N.4S
8.71 H.7II N.7H 8.70
.71 8. 71 M.7T H.."
I. Hit
.0t
K.30
8.48
8.71
8.78
8.00
MONEY-LENDING RATES
'i:V YORK Money on call, mixed
collateral ruled at 6 per cent all day
and industrials at 6Vs per cent.
No lime funds are available, though
the bid continues at 54 per cent on
good mixed and 6 per cent on all Indus
trla J for all maturitle.-i.
Prime bank acceptances are quoted
4 5-1 6 (4i4 for eligible members: 44 6
44 for eligible nonmembers and 5Uti'
4?i for Ineliglbles.
I'HILAOKI.PHIA Call. 6 per cent;
tune, 54 46 per cent. Commercial pa
per, three to six months, 5&6 per cent;
ix months, 6 per cent.
BANK CLEARINGS
1017
Bank clearings today compared with cor
responding day laat iho vears;
IniH 1D1T loin
PhllaiU 180.080.742 147.1127,784 I3n.:i7,440
N Y V.62,18,0S5 609.314.271 446 780 372
MoatooL
Hallo ..
Chicago
S3,793.4im
ll.usu.Tao
88.445, 6J9
34.N-JU.4-J
A.470.847
77.SS8.218
-'.4.V4J
5.041,721
S3, 229, 309
DIVIDENDS DECLARED
Connecticut Mills Company, quarterly of
$1.75 -a shart. payable Augvst 1 to .stock
of record July 26.
Warwick Mills, quarterly ot 4 per cent,
payable August 1 to stock of recorcfjuly 22
Tbomvison Htarrrtt. regular semiannual of
4 ocr tent on ureterrcd. Diyibli.ivinh.. 1
9.05 L4u slock uf record lieptember 21.
Js
,i-4.7f 8.77 8.77 H,
.'liii 8. BO 8.10 8.
A fXi 9,14 9.14 9,
403000 2d 4 '4s.
loon Marseilles 6s.
11000 Lynus 6s ...
12000 Midvale 5s ..
10(10 M 1 W I, 5s '2
4000 do 5s '26
94.00
. 93 i
. 93 i
. 87 Vi
3 90ij
874
5000 Mo Pac gn 4s 58 '4
lOUUMont Power 6s 89
3000 N YC & H 3i,68 70
6000 do con 4s . 71
6000 do 6s 941.4
1000 N Y Cy 4s '57 90
iuun ao 48 -5'j . . . aa
FOREIGN EXCHANGE
New York, July 23. The foreign ex
change was quiet today, and the feature
w-as the strength in Scandinavia ex
changes. Quotations or. Chrltiania and j
Copenhagen moved ugalnst New York.
Guilders were higher.
Quotations were:
Demand sterling, 4.75A, cables 4.76,',,
sixty-day bills 1,73, ninety-day bills 4.71,'
Franc checks, 5.71 ?i, cables. 5.69 T4.
Lire checks 8.51, cables, 8.50,
Swiss checks 3.94, c?bls 3,911,5.
Guilder checks 6ia( cables 52 1;
Pesetas checks 27.35. cables 27.45
Stockholm checks 35.25, cables 35.65.
Chrlstlania checks 31.25, cables 31,65,
Copenhagen checks 30.90, cables 31,30.
Interim Dividend by Phila. National
Directors of the Philadelphia National
Bank have declared an Interim dividend
at 4 per cent ($4 per share) for the last
three months on the old capital stock
of $1,500,000, payable" August 1. The
capital will be increased on- the first
proximo to $3,000,000, and thla dividend
dlsburstmeni-ia made to equalize the
payment upon the old and the new
tock. It la the Intention to pay on
November 1 next a- dividend of 4 per
cent on the capital atock of $3,000,000.
Thereafter It la the purpose to pay
dividends semiannually as heretofore.
9000 do 41,4s '63
1000 do 4Vi,s '64 . 96
6000 do 4i..s '66 . 96
4000 NYG II & P 6s 864
1000 N Y Ry 5s .. 23
3000 N Y Tel 4V4s, 86
14000 NYWC&B 4 Us 53
16000 Nor Pac 3s... 60tf
21000 Pa gn ct 48 88U
1000 do en 414s. 94
3000 People's Cas5s ,l
1000 Reading 4s.. n. S3
2000 R I A & L 4ViS 66
6000 Sinclair Oil 7a 00
4000 St L IM&So5s 91 Vi
3000StLIM&S Gifts 72
1000 St L&SFadJ wl 67s
9000 do in w I.. 50
3000 do Ser A wl 59
4000 Sbd A LadJ5s 57
1000 So Pac cv 4s. 78J
5000 do rfd 4s.. 78
3000 South Rwy 4s 62T4
5000 do 5s 89
lOOOOTexas Co 6s.. 98
3000 Third Av adj 5s 35
30000 Tokio 5h 82
11000 V S Rubber 6s 73
3000 I' S Steel sf 5s 99
21000 Union Pac cv4s 83
16000 U K GtB&I 6s 99
26000 do 5'jB '19.. 971
38000 do 5Hs n '19 99V4
43000 5Vis 1921. .. 95V,
,6000 Va Rvvys 5s,. 89V4
1000 West Klec 5s. 96
, 1000 West Shore 4s 74
03.9
93
9314
87 Vi
901.
87i2
58V4
89
70
70
94
90 ,
90 ,
03.04
93
93V4
87,
90 Vj
87 Vi
58
89
70
70
94 l
90
90
Com lTOil in " s p n --i --;
r.-o nr .. 90 S..r..u.s Pf..l07
8K ?iX:nU sCTerr- !
nil ft Conf. 92 ?'" ..P Pr . 63
bel&Huon.l07'4 " . " Pf 80 54
Den el io ur. m r,,,,- V f' " "'t
Den & II G pf 6 g'Joor,. 40S
Det Kdlnon ..125 SupH;ee 43V4
K 1. a W ...112 5.?tl latpf.. 95
100 100 100
96
96
86
23
86
53
60
88 V4
94
71M:
83
66
90
91
71
67
50
59
56V4
78
78
62
89
98 1,4
35
82
79V4
98
83
93
97
99
95
96
96
86
D S S & At pf 6 J!
Klk Mor Fuel 2js
Flee Stor Bat 66
Krie 2d pf . .;. 23
F M & Sm pf . 34
Gen Chem ...180
Fisher Body.. '-18
do nrer .... si
ride Wl- mi ...
Third Ave . V 19
Tob Prod nf 91
Tol StLiWct 6
TSt,L&Wpf is'
Transue-Wms 39
....-. .,,,, , JUO
6 1 r.en Cig 46 1,4 V." ua & P. . 75
3T4 I Hen Cigar pf. 99V4 C Strs pf.no
! Gen Motors pf 81 !n Drug 2d pf 77V
3 Good'ch BFpf 98 Tn Rwy Inv.. 84
5
60
8 8 V4
94
71
83
66
30
91 V3
72
67
50
59
67
78
78
62
89
98V4
351.
82
79
98
83
99
97
;i9'.4
UD'l
Gulf & S IRR 75 "n Uy Inv pf 17
Gulf Sts Stl. 84Vi "n rncpi. 71
Homestke Mln 70 J,nn,?P Bd.. 1K
Hav Klec ....101 US.IrJf" 14
Hartman Co.. 41 " g c Jr Ppr 44
111 Central... 964 T' SJniA Pf 9K
IntAgri 17 US .Rubber
Int Agr C pr 69 1st pref .. .104V4
Int Con 8 JJ S R ty Imp 15V4
Int Harv 65 US R ty Imp
Int H of NY. 124 1st Href ... SO
Int Har Co pf 96 H S Smelt ... 53 U
Int Pan pf t 61 Utah Sec .... 81U
Inter Salt.... 55 I' S S & R pf 441?
Iowa Cent.... 28 Va Car ch pf.107
Int Nickel pf. 89 Va Iron C & c 71
Int Paner ... 35 Vulcan Detln.- 7
Jewel Tea pf. 91 Wabash pr B 25U
K C F S&Mpf 59 West Maryl'd. 14
Kings Co Klec West Md 2d pf 32
L & On.... 90 West Pao ... 22
Kress S H .. 55 West Pac pf. 63 3
Lake B & W 9 Wheel & L E. 9K
L K & W pf a 23 White ....... 40
Lk K & W pf 19 Wilson Co... 61
Lehigh Val... 58V4 Willys Ov pf 82U
Laclede Gas.. 32 Woolworth ..111
LA My Tob.. 165 Worth C & M
United States
.
Certificates
89 89VlLI&M Tobnr.104
96 96 I Lorlllard F ..195
74 74 Lorlllard P pf.102
.prer A .... 88
Worth P 4 M
pref B .... 69
Total sales, f 1.515.000, rompared with
84.62D.0C0 iralerdayi thus far this week.
89.135,0001 same period last week, 89.404.-
uuu.
t RAILROAD EARNINGS
BT. LOUI8 SOUTHEASTERN KAILWAT
First week July ... . $832,172 $22,448
Second week July .. . 414,032 1 III, 5 1 a
From Jan f .,,.,.. 1Q.04,I l,4-i.J-'
CHICAGO BUTTER AND EGGS
Chicago. July- 23. BUTTER Receipts
ior.3" tubs. Unchanged ' """H".
CGOft Recelota.
chunsed.
19,777 cases.
Un-
V. Vork (el
London (pee,
BAR SILVER
Today T-"t
fast
Tu.
Today Test, Tues. Itl.h l.w
Ida I 0k R04& PUS "K k7
ce.) 48 t4R OS 4914 4I4
y
In denominations of
$500.00 and upward
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BODINE SONS & CO.
EatabllahedH866
129 South Fourth Street
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