wa
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ikW
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t1
ffiSSRfWT
. ?i- ...
Evening
MS V '
,
"n, .
t
W " ". fl
PUBLIC LEDGEK-PHI1
,rty wi
WK-
ADELPHIA,
1r
i j
SATUBDAY,
'r i
JULY
"fjt.
1918
'
.
iettOilivGas
AT BOLD ' QUOTES
LRl
INC
. - D AlnvotltlaV
tc --ii .-.- "1 ""A, .
nw, StocIOCxcnarige ma.
- .O Wllllsm Ht.. N. Y. Cltr .
i
-i
T4 Cntrjr Bunk desires a paying
,tl't must DO quicK, occuiaic
'sisisl well recommended; one
iMkring experience preferred.
: Stats salary expected. Ad-
B,Aji.
BJ Mww
' T.ltSl B
. Yft , r
JVBTVS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES
'jt
wmtmr
Wfiv-
203, Ledger Office
SELLING OF LONG STOCK SENDS
PRICES OFF EARLY IN NEW YORK
TRADING BUT CLOSE IS STEADY
Market Is Narrow and War News Is Without Influence.
General Motors Weak. Due to Plan for -'
Issuing New Shares
DiKBrTonv or accountants
Cerllflfil Public Accniintints
. laiviiuncl: n iihown & co.
1615 HEAL nSTATH TRUST IILBO.
ISTIOATH A ADJUST PA11TNL"HSH1P
;PORAT10N & DISt'UTHD ACCOUNTS
U?.QA1. AUVTRTIsHNQ
Px,i" deceased, Letter of administration
W-iiftB the. above estate hnvln? been Krnnted to
' AVNM estate are requested to make paj-ment.
&OAmA those havlnc claims to present the same
KfOS without delay, to
MByi. WM. II. rnnv Ailmr..
S'Vcft 22. n st..
je1 Philadelphia
AW. j.
creditors Am: 0TiFirn that
W. .1. tlelnnv. (ratline an W. 1:. &
Delanr, Intends to transfer all the
VM2iVKk and fixtures on premises. 1121-31 So
SCt" . ZCfin Bli ID TMPHIMIIT MIUll1
its', tlttln
Alexander Shore Pre-ent nil
LV.Ulm. in TTTSTm.AN'ni.Il A I'CIIIIIN. Attnr-
fty',i.nty for Alexander Shore. 411-15 Common-
f-i fweaim uioB. t
SSKKSr
BhS k
rU
tit-
iff-
-FIXING ON RAILS
HAS BEEN POSTPONED
No Reason Assigned by Gov-
i ernment Representatives for
Calling Off Conference
High Points in Todays Financial A'nos
Liquidation of long stork for ovrr Sumlnv causal trrnlnriv in Xrw
YoiK ma,hrt mill, hut itratllnc folloncd ittlhio. Their ,nn Wllr artlvit,
on the Cuih nnd tramncUoni tunc uiilnlcicitinii. Com milium!, f oiti,
inn hrtpricotton after nop aortv had hioiinht drdinci. Hulii rrchannc
uu a fttttc hinhcr and putldcrs improved. The Xcu- Yo,h hank ihttrmcn
sliourd a decrrair in avrraiic loani and .n bin liicrcnvc In "' actual.
Meiaoe rricrici iteir lamer, hut actual ihou cd loiii . Uanl rleailnis
thtouohaul thciouutiil for thli neck ucie hiloir last inch hut mviji ahovc
coirrvpondlno period of tun. liar sfier v as unchamjed in a'iic York and
London.
New York Stochs
Adv Uutnoly .
Alaska Old M.
Alaska Juti
Alllk-Chalm Co
Am Can . . ,
Am C & Fy Co
Am Cotton till
Am .Sniclllnc .
Am Sum Toll .
Am Tel & Tel.
Am Tobacco . .
Anaconda
Itlsh
ltl'4,
3'i
!'.
3l'i
17'.
a
is',
issTd
01
ini
k r
' V- h'" . . .
lli,
l"
K
EJf
aii
?
&
kjf if - That th
m F Wttled in I
jfVUve bcllei
E ,? mrted tha
New York, July 27
, It had been expected that the steel
ijaat week,, nnd when it became known
pst wek, and when It became known
that thp steel men were to confer with
the war Industries board in Washington
on Thursday, the belief was firm that
some announcement would be forthcoming.
,i?The meeting, howejer, was called oft
by the Go ernment renrescntat!es. Xo
( reason was ascribed for postponing the
meeting, and the fact that no definite
-date ha") been set has caused much
peculation in steel circles as to when
this matter will be finally out of the way
The rail situation, mi far as cm be
learned. Is still "in the air " The Bethle
hem Steel Cotpor.Ulon nnd the Midalc
'0 Steel and Ordnance Cotnpanv are still
""' opposing the price which Is favored by
f the majority of the steel men handling
the situation, and it is likely that the
entire matter eventually will be left in
'the hands of the Washington nuthoiltles
' In favor of the two objecting Inter-
ests the point Is made that shell steel
la just as essential to the country at
present as rails, and the fact that a
'V V nlBher I,rlce " belng paid for the nrfct
$ named naturally gives their abjections
',. some foundation
That the rail question will hat to no
the near future .stems the pot-
bcllef In all quarters. It Is a1--
that the rallronds of the country
-V have not ordered rails for a vear or
' Imore, except in rare Instances, and all
If," v MfB III Iiccu i "iviiij "' -.--
'iki'K'la eVpected that the laliroad ndmin-
WT , iatratlon will place orders ior larRe um
Sr , cages as soon as an agrement is i cached
i Steel mills in this country, as a result
othe requests from the fuel admin-
ShKrjatration and the i.ilhoad admlnistra
'v&MVOon. have been stocking up on coal and
S&VCS1 the reserve supjillps for the future hae
. increased materially In the last lew
jr. weeks. It Is known that some plants
.have iufflclent coal on hand to keep
t operating for one to two months with
cut receiving nny additional fuel.
f" However, these plants will continue
the present practice so the coal
producers as well as tin railroads of
the country will not be called upon for
uch extraordinarily large amounts of
coal as In the last or even as In nor
mal years. It is significant that prac
tically every steel plant in the country
hasvtaken steps along tills line following
..the renuests mentioned
There is some ta'k In equipment cir
cles of a coming order for cars from
tha Government. This business. It Is
said, will bo in addition to the con
.tracts already on thn books of the manu
facturers. It is Mated In thee quarters
that equipment men who have been in
'i v w&smnKiun rcieuuy nuu ifuiuivu i-uu-1J
A" n,-tt.t that nlnnn nrn fnrmlnf- for nlanlntr
m.&.i' &.... . n. inr.c inn nnn an-.. Thla
5. DOICIB 1UI .Ik ll.'"'.. 1'iuiuyw Ulin. x.iua
f II . A.-r llVJLlll.lt. .l.tltllu tit.n ,v... uinit, JUb
4ip action Is confidently expected In local
' ' i ' ouarters.
An order of this size coming bo cloe
1.
Z
W
Now York, .Itilv 27.
The week ended In Wall street with most of the room traders dis
posed to close out long stock nnd go home with the even hooks over
Ruml.iv. This selling was enough in the narrow market to cati-e tic
cllnes of around 1 point in ninny stocks during the first hour of business,
but after tho professional liquidation wns completed the market steadied
Itself and in the last hour bus'lness was quiet nnd fluctuations even In
the lending issues were of etiemely narrow tangc
United States Steel opened with n slight advance at lOSi, from
which it icacted to 107, with a slight rally bcfoio the close from that
low level.
Xoarly everything else In which there is speculative interest followed
I'nlted States Steel closely, making gains In the Initial dealings, and, after
the moderate lecessions, .showing a -allying tendcnc.v.
There was no disposition to use war news as a basis for maiket
opetations on the hull side, nnd those who often have much to do with
causing advances kept out of the market altogether, letting It take caio
of Itself while the .selling was in progress.
There wns a special movement in neticrnl Motors, that stock, which
was one of the weakest features vestcrday, .selling down moie tlmn C
points to US. This movement was later explained by tho announce
ment of Washington that the capital Issues committee had approved
the Generals Motors plan to issue new stock for the purpose of absorb
ing Chevtolct This means that all the' Genet nl Motors shares held In
the-Chevrolet treasury will be teleased anil that the Inctcnso in capital
will also be-udded to the amount listed on the exchange.
Wabash "A" preferred was weak also, falling l'i to SS's, the lowest
pi ice at which that stock has sold in a long period.
Speculation Lacking in New York Market
In the face of highly satisfactory reports from
for securities had displayed nn unsettled and wavering course in
Wall .street this week. So far as .speculative activities nie concerned,
it would not be entirely accmatc to .say that a stock maiket actually
exists. Operations of this character have been ne.ulv negligible. The
daily transactions appear to lepresent mere evening up of accounts and
theie has been nothing In the dav -to day developments to suggest in
vestment hujing.
The taking over bj the Government of the telegtaph and telephone
wires, which will officially go into effect at the close of the month, has
not iesulted in the sale of securities of these companies to nny pto
nounced extent. There has been some misapprehension, it appeals, as
to the teuns on which tho lines nre to be continued; but even this has
not encouraged liquidation owing to the undercunent of belief that tho
Administration will pursue a completely fair policy in its dealings with
security holders.
IXpeiienco with the railroads has afforded a practical demonstra
tion of what may be expected In this direction. In tho case of tho tians
portation lUies the real effect has been to guarantee the securities nnd
assure stockholders of a continuance of dividends and In turn the main
tenance of interest on the bonds nnd of the ability of the lallroads to pay
up their bonds and notes ns they mature.
Haldwln I. Co 01 '
Heth Steel li. 8:t','i
Canadian 1'ne- l.".t!'t
Cerrn de Pasco 3l'i
Chi M S. ht P I3N
do pref . . . n
Chi It I & P t c 21
do if pf I3
CUI U'l lie pf 71
Chile Copp-r . lO'i
Chlno Con Cop. ItH's
Coin Pioducts. M'a
Ctuclble Steel . 0!h
Cuba. C Sugir 2'!
Dome Mines . i)
Dlstlllets Sec . aTS
Klk lloin Piiel. 2(1
Gen Cigar Co ."i'i
Gen Motois IBS ',4
Gcodtlch n V lTn
CJt Xor Ore sbs 3I'h
Haskell & 11 ker X'.Vi
inspii.ition i pr ii.i
Jntb-Cons Corp IV
lnt Mcr M pf. Wfe
hit Nickel . 3lV.i
Ktnne Copper. :t:t'i
UlllBll Villi! "
l.ee Hub A. Tile 2 1 Vi
I.ouls & Nasli II I Vi
Max "Motoi . 2K
Max Mo Kt pi d"
Mex Pi tml H'Hi
MJdv ill Stcil .V!4
Mo Pacific 23'i
X Y X II & II -"ili
North P.ulIK . K
Ohio Cl.i . .. SITm
Penna it It . 14's
Pitts M West . iiaii
Pus Stl Car nth
P.v Stl Spg . n,
Kav Con Cop 21's
Heading . . 1'4
lbp I .V S .. 0.1
Sinclair oil 31 ''s
Tobacco Plods. 71 (,
I nlon PllMlll 12J",
C st i,i Alec I Pi
C S lliihbd ;Vj
IT K Ktiel I'h
Ptali Coppir Hi
Vn lion C .1 C. 73V4
Wabasli ... I" 's
do pier ... S'l',4
do picf P .. 24 '4
West I n 'lei KI'h
West h se Mfg l-S'i
W'th'n P A. M .
do ptef P. . i'1 '
Wilson Co tiJ'4
VUljs Oveild 2
Viance the market
Low
!!'
3',
2'',
33T
47',
HI'!,
12
7H'Ci
127 '4
IIJTs
1(1
nil
mili
R3'
1.H
31',
4J'!l
I
21
fi'l
iii'A
in' A
14'i,
(lll'n
2I)",
.(!
2(1
I, 4.
118
K!V
31T
niys
51
7T(.
!IH
:inV4
33 Vi
.-,H
21
1 1 1 Vi
2H
.-i',4
II 'I
ft!
2.1 '4
III '
87-h
37 'm
4t;
33!,
n-i'4
(I I "4
21 N
HR'i
n2'i
:u'h
7 (l'i
1211
I2H'',
(, I '(.
107;
HI
7Vi
1(1
3HV
21
111
1
(.(.",
('I ',
C2
K
"It
Vt
Vt
',
.
V4
Oi
1
Net
rlono UlKe
in'. Vi
IV,
2' .
.1l.
17V4
HIV
42
7H'
12HV.
M'4.
Kl.
CO
110 V,
H.IVi
l.3',(,
:MVi
n
74'n
21
(S.l
71
KlVi
Id 'A
41'. ..
nn't,
2or
!)
". ,
2(1
.IV4
inn
l(i',
:ii
tn
7Tf.
MVt
:u
.t'4
.H
21Vi
',.
V4
Ui
io;
,
Hi
)
Vi
"h
Vi
V.
'A
11 l'i
2R
..
(I!)
,2 ',
2S'i
111
H7T,
:i7'
1 1 V'h
3I,
0'IV4
(11 '4
2 4 'A
HH'-
!l2'a
.11 'fc
7(1 X.
MZ'
U'l
(.J'j
KI7 )i
HI
7.1 'j
in
31
21
HI
I
(."(.
(,'!',
r,2
m''M
Vi
Vi
V4
Vi
1
ABSENCE OF SELLING
PRESSURE ON CURB
Prices Maintained at About
Same Levels as Established
for Last Few Days
Philadelphia Stochs
'4
V6
2
V
Vi
1
(- ',
'.
Tut ll
311.0(1"
01,7. SOU
s.ilrs. Kll.O'lO li.ire. iiiminreil with
. i in.ta esirru m , i,,,- ......
sli.in-: ll veel,
2, 110.900 flmrrs.
NHW YORK INACTlVn STOCKS
Following are quotations for inactive
New Yolk Mocks and in which tin re
;,;; ,,o transitions todi- The price
given is tin
last pievious sale-
Adams P.xp .
Adv P.unieli v
Adv ltmlj pr
AJax P.uTl"
Allls-i 11.11 pi
CS
41
I'll
S2 '
N. Y. IJAXK STATEMENT
Average Loans Decrease Wliile Actual
Inrreasc Time Deposits Decrease
New Vorlt, Julv 27 The Xew York
bank statement this week shows a de
crease In avetage and lnciease in actual
loans nnd lnciease In average and de
crease In actual reserves Time deposits
decreased in brth cases
l'etails follow .
Axeracp Increase
T.,,,ns , tl 311 !"( Hin .! is.' nun
NVt il mind den 3 ."i.',s i,r.R imiii ui.:mii nun
Vl time ,1. IHlnlts 1114 liS'l llllll 130 11(1(1
.ill IS l HUH I-ll 11.11,
tlun tisj.llllil 2.211. Olio
S5.
I-S ,.
',-" '
Circulation
Cash In vaults
Itetre In mem
ber litnks
IteWHr.e in Stat.
IiUh and truiit
compinloH
Keserve In State
ikp ana iru.i
com deposit .
ABKresate res
Hepervi- required
hurplus
JSnecle liuludid
TlT S itepnsltM
ded ill ted
Decrease.
rSWS
JV"
511. S.3, 0(10
J 11. 30s 0(H)
7 Tlfl 000
.Mil 7i noo
171 S'i7 l.-.ll
:,h SSJ.311
0,1 bltl.t'OU
3"0 ,s3.oun
ACTUAL
J4.3S1.2.".;
3 1.000
310 000
ni ooo
7.0(,s Ion
H.soo too
!
r "V
Nciv York Bonds
4Sonn Ang-IVh Bs
7000 Am For Sec 5s
looonAm Tel clt 4
High
07'4
' .
fiODOAm Vt Pap 5s 81'
,000 $118.3(1(1.110(1
igti behind the contract on which the equlp-f.jV-
nt makers are now working will call
LftjfftjV ior ittlists miiuuia ui oit-ci ,mi fsiuiiait-s
m?.iI c s.9 .hA ....AHn Ann Kn mniln until ,1m cmnnl
kssjt, h 2 ""Jr.""'." ""..'. .r.V"'" V" iJ'
TiKii ncavions unu uiuoses ui ca, 10 oe oruer-
fln'; ed are known, but tho steel companies.
no doubt, win be called upon for nd
, ditlonal steel In this connection from
iii tame to time.
, The scrap situation continues acute
Jjv, 'A There is not sumclent heavy melting ma-
fYt$' terial to supply tho users, and the sub
tl tl eommitteii of the. American Iron nnd
1? Steel Institute is still sceiu inn thn coun-
i r& y. and has been successful in locating
S'5'j and bringing out vauous tonnages This
-t twn.lr ...ill hi Mnllnil.il In.lAHnllal. 1. I
P. HUH. ...11 W VW....(Ut-u ll.UVIIIII.blJ, Ik 13
ffjg Jfo large structural orders were an
..aounced In the week, but Inquiries are
IISjsJX CIUB lliauc niiu ik i Luiniui'ivu iinciy
Tftfrip that some big Government business will
v1' T vunie uui iiuin nine isr lime in cuillieu
&CJL ttnn TL'lth thn war nptlville nf tho flnv.
I rnment.
-,., .
(WPvV
' Vy TIVESTOCK OlIOTATION
,, Chicago. July 27. Hobs Iterclpts, 7000 '
tl.t & Ufr nvAi1 JT7 huuil lnw-lJn ".n in
rWiS lOo hljher llalk $17 bSOlx s.. heavy, i
. c- UK mim im .x. meuium ni.ni. is iii'u li n i.
l- -2.1.VV t17.ift6i)17 SO. nlB 117 'MtflH.
-S''. -. ..-5.--I..V:,, --- . --.
'CATTL.E Ueiclpts 40OII head Strnns
" r7.l..Blit;tir. ueceipia, ouuu ncau, aii ui-
i? Kui City. July 27 CATTI.G Receipts
:ailaliO head Steady.
SkjZHOaS Reeelptf, too head Steadv
'iMi' 8HEEP Receipts 10U0 head. Nominal.
-?ffi "itouth Omaha. July 2T. JIOQS Receipts,
-S 100 head
Vtf CATTLE Receipts. 700 head
"ftS'igHEEP Receipts none Cars. 115.
4k;
Tittsburch. July 27 HOOS Receipts,
a beaa. witr. iitHiu1, -nm .,
,vy yorkers, $ln S" Win On, lleht vorkers,
.R301D.UU. pies $1 sieil) no
HEEP AND UAMUS Ittcelpts. 300
d. Steadr. Top sbeep, $12. top lambs.
.SO.
lAIA'ES Receipts. 100 head Steady.
'"" r
Bunalo. . .. July 2T CATTnn
ilpts BOO head Slow Calves Re.
Z&u neaa. master: 9(vl io.
S Receipts. 1(100 heMl Easier
yy. llu.JDitflu.riu. mixed, iiu ouilli 7.V;
;efi. teni oraers inu J'lB", IIU.73;
,s, luim -a: sine-" iiiifm
EEP AND lMBS Receipts lleht.
ana uncnaneeu.
ft
iinrnoin o a iwtii!rc?
Etv naiuiunu b.iiiiiiiiijo
Rt 8QUTHERN nAILVVAY SYSTEM ,
.lllC I...I HUM IIHU
1018 Inrre
week July,.... $2.1130.209 $73S.30n
.Jsnuary 1...., 75.U33.5H 15.C04.230
Mobile and Ohio
; week July,.... $313,872 '.0.1 40
. January 1 .... T.517.U71 109.477
nenrctn Southern and Florida
IwiwU July jn.'.nu $13,210
L January 1..,.- I,H7a.3M atiS.B-s
QRAND TRUNK SYSTEM
iSlMk July..., $1.40fl.lSO $138,181
r,i INDUNAPOUS AND LOUIS
Tl! !l'i3,00ll
1100.192.000
527,1111.000 1.4(is,000
itrna.,..e.t
ST,., time deDOS ts ll.-.-.H-"."""
Circulation
Canh In vaults
Reservw I" num
ber li.inka
Reservo In Mnti
hanlla and trust
icompiniea
Reserve In Ma to
hanks nnd trust
company dipol
tnrlea ApereBiite reserve
l.eserve required.
Surplus
"llei rule'
tl'nlt.d htales
5(11 00" , , ,
JsneciB Included
OUW.I.nnK STATEMENT
1,(120 OOO
1,203 000
01 0110
137 ooo
7S
78' .
S3
SI',
'.il
CS
$11,207,000
7 507.000
n 1(1.50 ooo
471. 121. 200
72.3s3.710
173 000
2S0 OOll
1 021 (Mill
mi nio
2.022 1)10
deposits deducted.
JCl.lliS.OOO.
5424.
bank
STATE
Loans. Invest
Gold
Currency
notes . .
IK posits ttder.il
Reserve It ink of
Nim 'ork k.
Deposits . .
llu..n, on llcPOKll
fc -. .. t r.l.rl P. JJ.
1'eri emu.- ". ...,.
THUbT COMPANIES
Loans. I n v e s t- fl ,nn
'nnt '.' I:i35,s00
Currency bank
hills
Ileposlts releral
lleserve """v ,,. n.tl.nOO
inrk ... , : L T . . .
$1(12.1111 800
U 0(1(1.200
2I.187.0OO
i 751 1100
I'liii.inn
101.(140 700
in, 501.000
$3,21 700
M.20H
111 ".3110
3 .".ns.ooo
2.113 son
1,884 100
$3,118 700
21 mm
311,900
inno n & o
1 Olio H & o cv l'-s
11)00 B&O Swn 3'".s
looo iieth sti r,s '.lr,
1000 Beth Stl ifd .s M.i
17000 Borih.iuv i.s 1 1
5U0O Cent It n X I
5s ... . ioi)i
anoo r n o d 1 1 ,s 71
inoooiii s i: in Is si
(.ooo ciil (it VVst ih
2000 Chi 15 & Q 4s.
1000 Chi Mil & St P
ifd 4 Vis ...
iuuo no cv 4'.s 75 '.,
3(10(1 Cltl el Ptfd Is f,7'.
1200O Cj of Paris (,s SO "
2000 Chile Cop 7s IOC.'
7ooo Doni of Cnn'll i'2'4
UOOOGov of French
lie p 5Us
1000 Hud a Man
in 5s
i no rut 5s. . . ,
5000 Iowa ("en 4s. .
10(100 III On lfd 4s
20000 Inttib rt T
ref 5s
2000 lnt Mer Mar us!!7
1000 I.k Shore .I'sh 72
31(10(1(1 Lib nun, :ii;is
30(1000 tin 1
flflOOII tin 1st Is . . .
023000 ill, 4Vi
2270110 tin 3,1 4 1,4b .
2.1000 do lt t'ii.
22000 Marseilles (is
3000 Mo Pac gen 4s
8000 Y C & 11 !s
1000 X Y liny 4s
1000 do 5s
filiOO X Y Tel P .s
'J0O0 X Y W C Js" li
4'4s .. . . 52i.
2000 Ore Short L, Is 82 "
2000 SiULSK SrA wl 59 T
3000 South Hell 5s. 8D
2000 South Pac 4s. 71
2000 cv 4s . 70
5000 South Hwy 4s. C
2000 Texas Co Cs .. 98 3
7000 Third A adJSi 3 I a,
12000 Tokio 5s ..82
12000 U S Itubber 5s 80'4
2000 lT S Stl s f 5s 9S',
23000 UK of GH.S.I 5s 99.
13000 do 5Vjs 1919 98 .
7000 do new 1119 fill,'
lflOoO do 5V:s 1921 !)5aj
T.ow
I!'
07'h
79 Vj
81'-
78
7Ri.
83
Kl',
M,'8
8.1 V
in (Hi
71
82 'i
DS
94
f.S
75
I17'
8Si.j
10H'
91
Close
9'4
7S
;s
. Airr cliem 92
Am Ag Cli pf I Vi
Am licet Silg CS
Am Hk Note 31
Am 15k X Pfl?;,,
Am Can pr.. JlTa
A C C .L St It 32
Am Cari Kdy t1
Am C .1 C Pf."''
Am Coal p-
Am Hxp .... 9
Am Ico J1 'A
Am Ice pr... 4?
Am Unseed . 4.
Am l.insed pf sfl
Am 1.0",, , Ss'
v, II & IV pf '9sa
Am Loc l'C P
Amei .viau
Am Malt pf.
Am r.vvv'j 'if
Am bhlibld -
Am Sin pi
Am Sin Pf ',
l.i osc-Wil. s 2' .
Lorlllard P ..195
I.oilllaid P pf 102
Uoose-W Ills
1st pf 8C".
I.oosc-Wil His
2d prof ... 20
5
43',i
1,5
r.o'i
104's
89
V"'': ..r ni.7-
, si '1(11 111 '. I.
I . sitp.il Kdv 1 4 's
Am Sugar .
Am hnuft: ."
ll I,f r. C
. ... Tnl JC P
JVIII .s. ----- ,. . ,
t -. ' 'I 1 III II ' .
S.S V", VV-onl .... 59"
- . ..in - 2 -, - nil.
,Vm VnOI pi ,
Am Wri I'a l'C 27
110
. 97
11U1
50
si
SC's
03
100',
H h
82 U
5S
91
CS
C7".
81
Iiu,' .
91 'I
93 6. DS'.i 9S'J
l"i
r.S',4
i .5 '.
7S
80i
1MI.KS
1KI.IIH
ill.0
U.,411
113. 08
91.11
93 "J
58
'II Ts
51
19i
58VJ
I.T.
80
97
1'1'i
5S'4
43'
7S
80
D7
72'i 72'i
09. Hi 99.88
113.no 9.1.0s
91.34 114.30
!l.3ll 11 34
ns.m ilS.r.K
XinrtA. I . II 1 v ir
rtin '''".', ,,( 50 C .V St ..
Asso I ('a3" J5 X Y Dock. .
Asso Oil .... ",, x Y Dock pf
n? &Ohlo rt-.i $'th Amei..
I?'1'1 V. r.7 Nova .Scoti.i
ilahl Lo'copt 100
Pairett Co . J 1
Barrett i ' "
I.oos-e-Wlles 15 20 'i
M.Hkay Co. ..fit
Mackav Co pf CI
M11nh.it Shirt. C
Manlnt i;iev 95
.Man i:i,SupCo IS
Max M 2d pi . 22 Vi
May D S pf.,102
Mex Pet pf. .. 98
Mill S.Sth new 11
Miami Copper 29 VI
Mlnelilll . S0'J
Mo Pacific pf. 571.J
Mont Power C6
Mont Pow pf.ioi
Mor Ai i:sex. 39
M K i T .... r,'4
Mo K fc T )f. 9
-M S V &. hi I 83
Nat Acme .. 30 u
Xat Eiiult.. 94 'A
Nat H d s pf 9C
Nat Mis pf. 1071
Nat Cik A: St 59
Nat Knaincl . 51
N'.it Con Cab IS
Xat Lead ... 597;
Nat Lead pf 100 'I
.Nevada "o'i
Nlllt of M 2d
..'" . 5'i
N Y Air like 121
X o T A. Mex IS
1G
71 Vi
24
46
21
21.;
103
70
42
nn
Ohio o.is rets CI
Ohio Puel Sup 44
Ontailo Sihtr 11
urn lis liot
New York. July 27.
There was no change In trading con
ditions on the llroad Street Curb on
tho short day with which the week
ended, prices being maintained at about
tho F.11110 levels which have, been es
tablished for some days pist.
A good part of tho business trans
acted represented professional trading,
nnd was without significance, the chief
feature of the maiket being the nl
senco of selling pressure. There was
only a limited supply In sight at around
current quotations.
Aetna Hxploslves again sold at 12U
and Submarine Boat was unchanged at
lG'j. Chevrolet advanced from 131 to
134, but this advanco could not bo con-
sldeied a fair response to the news
that tho new General Motors stock Is
sue has been approved by the capital
Issues committee t'liitcd Motors sold
down ftom 32V4 to 31 '.
Oil stocks weto fnlily active, with
Stanton Oil attracting most nttentiou,
moving up from 2'6 to 2 "a. Houston
was quiet, selling at 81. Pierce was
traded In at 17.
General Asphalt was fairly well held,
with sales at 33.
Mining stocks were Irregular. Pacific
Tungsten showed a stinng tone, Helling
at 2 1-1G Ohio Copper sold at 1 1-16.
New Coinell.i at 19 , Big Ledge at
1 1-lfi and Hay IIrculs at 1 and 1V&
Bonds were again active, with strength
shown In the Union Pacific Cs and
Bethlehem Steel, near-by maturities. 7c,
both these Issues selling about par.
I.MIUNTICIAI.h
Aetna Hxploslves
Am Brit Mfg ...,
Am Marconi
Am Writing Paper
Air Reduction
Canadian jPnr Co
C C Al Kdy pfd..
Chat coal It on
Chevrolet Molois
Clamp
CttrtNs Alrplano
Carvvcn Tool ......
Carbon SKel 1
llmeisnii Phonograph
Ktdcr.il Dve
Ilenilcp Mtg
Lake Toip Bnat
Lehigh Coal Sales . . .
1 im.i Loco
Maxim Munitions ...
Mai lln Aims
V V Shipbuilding . . .
Vorth Amer Pap Pulp
Otis Llevator
Pcei less Motor
I'oole Lng
Hedden Truck
Scilpps Booth
Slnndatd .Motois ....
Steel AlIov.ii
Submarine
St Joseph Lead
Todd Shipbuilding....
Til.im-li. trilm
Culled Piollt Sharing "(,
1 S Steamship r.'H
Pnltid Motora .11
United Sugar 30
Wnild's Kllm 14
Wright-Martin Air . . ny,
Zinc Concent 1
lllch
2 Am Gas oo
(1 Klec Stot rl
2110 Gen Asph 32 V4
H" doptaf. firt
2C(l Lake Sup
Coip... 20V4
lOMIdvnlc . .2Vi
170 Penna Hit 4tVi
l.7 Phlla lllec 344
17PhlU Nnt
Ilk war. 113
102 Ton Bel.. 2
20 Un Ttac. Sx
13 P G 1... 01 '
208 U S Stl .I0HJC,
8 Westmrld
Coal... 72 4
Net
Low Close eliRC.
nn no . .
,i r.i
a2 3JVi V
0V4 3
2nVi 20', Vfc
3V4 BJV4 Vi
4 l'i 41', ..
24K, 2IV4 Vi
112 112 1
21 21! 1..
v.18 38
niV4 V4 V4
1071m 107 'i Vi
72 V4 72 '4
Total sales. 1(31 shares, compared with
00 in slmres jrsttrilav t this week, 3j,0KI
sliurrst lust week, 41.53R shares.
LOCAL SHARE TRADING IS DULL
WITH PRICE CHANGES SMALL'; ,
ASPHALT PREFERRED LOWER
IUlM)s! Net
lllsh Low Closo ehKc.
$1000 Lib Bonds
3'4s ..nn.st nn.81 no.ai ..!
00 do2dls3.(!0 83.30 03.00 .00
500 Phlla Lice
1st 5s.. n. 0 2
1000 Heading
gen 4s Hi 81 81
1000 Span-Am
1 os ... 90', oavi 99 Vl Vt
Total sales. S4I50. compared with S20.R00
vesterdnvi this week. S!7.5.lll last week.
S152,.'iOO.
PHILADELPHIA INACTIVE STOCKS
Following are rpiotatlons for Inactive,
stocks listed In the Philadelphia Stock
i:cliango nnd in which there were no
tir.nactloiiM todav. Tho price given is
me iart previous close:
Yest. ekio
Bill Ask (File)
12', fi-H, 12',i
3 ll
STl .1 3Vi
.1 3'i ..
(1 72
3 III
7H n
7V4 H'4
131 131 133
711 H.l
38 .11) '4 ..
7 H
118 122 11.
1 I V4 . .
2
10 20
, I'i r. vi ..
H2 H
11 in
ft ft
7. 8
3H 40
2(1
11
.
in
1IV4
K!l
STAMI.MIII (II
103 .
. ...320
Illinois
Ohio
Praiife Pipe ..
1 S o Cal
S o X -vl
S O N Y ...
imh:i'i:m)i:vt
Harnett Oil & Gis..
Cosdin A: Co
Ulk Basin
Fidcial Oil
Inter Petiol
Houston Oil
Menltt Oil
Midwest Hefinlng
Met Petiol ... .
Ohio Kuel ... .
Oklahoma Bet. . .
Sapulp 1 Hef
Meipiovau
Slnclali
HKs" pcpfiniw I'uificMaiV.: 2S'4
Bnoth Ki-h Co 2fi-'i 1 C C & StL 50 4
Bkn U'l Tr . 11 J an-ArnPet pf 94 4
Brown Shoe C CS Pcoi ,a & i:.,bt. 4 ,,
Brown Spf.'. ?A,, '"V," (ias' 44,
Iliunswick -.12? 10 Marq... 146
. llrnq . i--yj j-iiua. L.O HS.
.218
.522
.27 3
OIL
1.
.7H
2',
134
7')
70
j 1
28
1 .1 Vi '
a
17
1
02
V4
1"
n "
3 Hi
3,
Vi
9T
108
32.
200
r,
,l-"i
io
A O war .... I'a' Little Schuvl 4 8
Amer Gas n " Miami Copper 29N
Amer T4TP 9. X .1 (L S 1 Va
Alliance Ins.. la'.i Northern Cent 71
Amer Mill ... n
Amer Stores. . 2D
Amer Strs pf. 92
Baldwin .... 91".
Baldwin pf ..100
Brill J G ... 25
Cam steel .131
".Haws 1st pf 52
Catavvs 2d pf, 54
finy.
51
in
17
Con Trac N J,
( rilclblo ...
Hrie
lit &. II T . ..
Ht &1!T pf.
Ins Co of NA.
Key Tel
Lit Bros
Lehigh Xnv.
Lehigh Valley
Leh Val Tr..
Leh A'al T pf
8
25 Vi
C9'
5 si;
20
27
Vnf Ponim . . n
Pa Salt Mfg. 81
Penn Trafilc. 2i
Phlla Co . . 29'4
Phil Co cum pf 33
Phlla Tiac .. o7'.
Phlla A-West 0
Phlla HT itfs 2B
Pitts C tr ctfs 50 'i
Bay Cons . . 24
Hep Ir .1 Sll $
Heading .... 89,
Saxon Motor, v'4
Ton Mining.. "M
V S -Steel pf.110
Un Co of N .T 18 .
Wniwk I A: Stl SV4
Westlnghouse 11 Vi
W Jer & S S 58
Win Cramp &
sons 82
Philadelphia National Bank Warrants Decline Liberty
Loan 'SVzs and Electric First 5s
Score Good Gains
Hvtrcme dullness, such as Is usually found in short Saturday sessions
during midummer, marked local share trading today. Only a. few Issues ap
peared on the tape nnd transactions were nearly nil of small, odd lots. Prlca
changes vvcrc generally uninteresting, nnd tho slow condition was in lino with
that on (ho big board, tho New York market being about tho dullest seen In
many months.
About tho only outstanding features were declines In Philadelphia Na
tional Rank vvnt rants to tho new stock and in General Asnhalt preferred.
Tho former Jost 1 point to 112 and the latter yielded 3 points, while General
Aspnait common gained vi.
J'lcctrlc Storage llattcry, Tonopah-Cclmont and Union Traction all ap
peared at last night's closing quotations. Pennsylvania Railroad was frac
tionally lower but closed unchanged nnd Philadelphia niectric gained a trifle.
A small sale of Westmoreland Coal appeared at the last previous sale price.
Steel common yielded slightly in line with tho courso in Wall street, but
it snowed no momentum of consequence.
Kond trading was slow also, with an advance to 99.S4 for the 3Vi per cent
Liberty Loan bonds nnd a 2 per cent gain for Phlladclphla.Electrlc first 5a
tno important changes.
umciais of railroads operating eastward from Chicago and St. Louis
report traffic conditions steady, although tho volume is taxing capacity of
the loads. No chango ha3 been Wed of lato In tho character of shipments,
the lltllk of which is matin un nf (inrnt-nmniil tii.n,liinl
nusiness conditions j-cmaln in a fairly healthy state, although curtailed
somewhat because of the scarcity of labor and facilities to meet domestic
requirements.
Oillcials of southern roads report a gain of 30 per cent in traffic over
vcar ago, with continued activity in virtually all lines fo general business
iiuougnout me south.
NO DEFINITE TREND
ON COTTON EXCHANGE
Philadelphia Markets
Possibility of Favorable Over
Sunday War Developments
Rcstriels Selliii!'
.it
278
STOCKS,
ft
0 .
n i
2 3& ;
13 H .
82 7
2.
11(1
1
:'i
1 14
17
GRAIN AND FLOUIl
n-.WI,IJATn"'e'1Pts. 13 Osr. bush Market
linn vjuiiutlimn e"ar lots, in export ele
. ,' ''"ernment sfindird Inspn tlun.
Mntidiml rrlies .s'o 1, red winter, i2 .l'i.
No 1. nnrtht rn sprlnu s(2 ;tn No 1 li ml
i no'-r' ,f-.;'!'. N'n 1 rtit winter 'tn-liikv,
5- .1, , No l' r,,,i winter, $2 30 Nn 2,
5. rn "Print- 2 ?n No 2 hard vilnter.
:.-""., No a r,i iv inter, nrlkky tJ.H.
No 1 rul ulntir 2 12 No 3 liortln rn
nrlnir $ J Xn 1 lm,,i winter, $2.32 Xo.
" .:','. .,r 'rll'k SJ 30 ,
'Ol'.V The mirki't vus nuiet hut sti ndv
under moderate nnVrlmsa Qunntlon "ir
lots for luml truli .No 2 vellow. M US
1 S'l. N'o .1. velliiiv. fl f-Ttfl ss.
O.V1 S ltei elpts, IS.L'lt bush Offerllllts
vvirt, inodirite hut ninp'n for the limited
reiiutmnents of thi tml.! nnd prices vvero
Ulll hnillfei! Hunt illnnu Vn ", t.lill..
IS7'3ftsSc. ot.uiiliril white, S7WS7'4 , No.'
.1 MUM" sto, u S7i N-o I villi h, 'II Slli
l'l.OPP. HeieiptH 1,,11 1S) 11, in e leks
Triiilo wns quiet md the mirkit Hhowid
little change Quot itlonn Tn irrive. pi r
1IH1 lb", pirkid in os-lh Kiiks Wlnlir
wheat, new lllll pi r tent On ir, $1II7.10
11.2, Knnsm win it new 100 per cent
Hour. fl!'jhl1 ",o, pnrait win at. old, lull
per tent Hour $11 3T11 7.
IIYIJ Pl.ot'lt enlil slnwlv at former rates
We iiuoto at $10011 pir Ubl . in sacks, ns to
Wtilltj.
PROVISIONS
The market ruh-d drm with n fall-Jnh-liinj
demind. (Juotntions raneri as fol
lows' City beef. In sets, smoked and
alr-dtleil I7e w..Ett.rn I no f In Mi.lS Hllioked
-- .... . "I'-.".. "w.--.. ' .-.-,.-..
i.r. t-iiv npei i.iii, ei.iev i,n,i tenfiern HiriuKe.t
nd nlrdrlid 4"i western beef, knuckles
nun iciiuer- fmoKeii ise neei nnrai i".
pork fnmtlv $.J((t;ri5 bonis S V cured
loose". 300131c, do skln-ied, loose. 305J
81e; do. .do smoked, 320i,3lc other Inms
emokftl cltv cured us to Drand nnd nverace,
31fT3tc: inmt -moktd western, cured,
31 Wile, do boiled boneless 4(V plcnlo
shoulders S P cured loo 23'4e; do.
smoked, 24'4c: bellies. In plekle, according
to average, loose 32c; breikfant bieon, as
to brand nnd averncc city cured. 41e;
breakfast bacon, western cured, 41o: lard,
western, refined 2nf?on4c: lard, uure city,
kcttla rendered 2nQi2n'4c.
REflNED SUGARS
and th" mirket ruled
r.tk fur (me Kinnul.itid
rtiTTHv hi:i,t wi:thi:k coNiimnNS
New ork. .lulv 27. I lie follow lnc tem
peratures were reioriled In the nil (on belt
this liiornlni;:
. Atlnnl.i. nil Hnnwllle, she,lllo nml
Xuciistn, rH: MllinliiKt 70i Mrksliurc.
iliron, Vlontnotnerv, Nashville nnd
Tliomistlllp. 72; ,1 ilksonv Hie, Tilui'i.l, i
vnnnib, I'uisiro'n, llkl iliiun.i llv und
Shreveimrt. 71- s.,n Vntonln. I.lttle Tlnek
nnd Vleinnli's. 7,1; ("ortius Cbrlstl anil l'ort
S.111III1. 7S- (..ilvet'jn. 80
There was .01 Ineli of pretliiltatlon nt
Knowllle nml - tviiiiiinti .00 nt Atlsnt
nnd VIontKonierv : .41 at I'ens.uol.t; .10 at
Tuinii.l and .00 nt Vluon.
OFFERS ARE SCARCE
IN THE CORN MARKET
"" .? 1 1- TVT
v,onumieci ury Weather in I
West a Factor in Strength
ening Prices
114.41
Jill i
58
New
. ..... - n j ,11
IP"I . 'JUijKanuii
8.111 900
18,302 40II
!l 403 900
decrease. 1
-aJV
:r .""" .!-
HPwr'" U1' ,iri". ,, i
1'PrCPIilrlrSi- '" 1- - MrttilMVn.'-!
invest- ..,, -
. . l-.fe TOO
13'8's2.30(l
Loans.
menis . ...
Gold
notes .
Deposits Federal
r.eserve lUnk 01
New 'ork . .
Total dtpoMts
Net deposits
Tleserve on lleiliislt
Pertentace of reserve
Decrease
$3 4i7.ono
2.300
103.000
,n,8'l.700
7ni.n4l.nun
OS0,(13'l,SO()
121.074 ('00
8111.500
.709.ri(io
7.112.1111(1
1.070.1UU
u 3 Unchanged.
SC'6 SG'i
52 ".
82
59'i
89
71
79
G2-1,
SSI,
34 V!
82
sov;
98'..
99,
97 T,
SO',
95 'i
91.11
9.i -s
5S
9 1".
f.l
22'-
oC'i
52j
82
59
89'
71
79
61
98 14
3 11
82
SllU
93 Vi"
II9.-,
(IS
9914
93 3,
I1UI 11 '. rfl'n I
But mp"'" A
Butte SUP .. 30
'Hu (:?: 40
ffal Petrol .. 19
Cal Pet pf.- 5'
Cent. Fdy 3.1
1.1. r-nr.- nr. .
- I..LC-.IIIUIV, .KMi
Picice- r pf . 97
Pitts Coal .. ,51 1
Pitts & W pf. 79 J,
Pond Ck C Co 19-
Pr Steel C pf. 97 '1
I'uniio Herv ..109
ens . - - .-,. - M..,.s .3
font Leaiin-i - v ;? I'unman .. ..11.11.
ent Leatn l"'"-- jieaug 1st pf. 99".
33
Tnl il sales. 82,030.000. iimin in-il will,
S.O()H,O0o jeslerdnvt this week, J7.1(i7.0OU:
lui-t week, $!K.n3.t,O0O.
Certalnteed P 33
Certeert it 1" ".',
Chand Motoi
Ches .V: Ohio,
ni.i .w Miou .
fhi (It West 8
CM & no . ,;-
ci.i (; :vv in -
C C C . St L
duett Peabdy
Col 1 ,K
r-ol L rl..
C-J S. South .
Col Gas & l'i-
-...1 r J. let nf
Com Tab Hec 27
Cons lnt C M UU
consoi vi 11
Cont Can ..
font Can pf.
""v. n,lnfl01
Crucible ... 0JV3
Cruc S pr ,
culm Am Su.ir.o
Cuba C Spf
MONEY-LENDING RATES
i.iiii c.ili. 6 ner cpnt:
i.ri." SMffO ncr cent. Commercial pa-
,,er. three to six months, 5P per cent.
Blx months. G per cent.
FOREIGN EXCHANGE
Vrw York. July 27. Swiss and trulhl-
ea showed a better tone ai i"f ui'" -era
?nov .. maiket today.
pese as were also a "shade higher, while
Scandinavians were lower. ,
?,Ue?nindnsSteHlng 4 75 5-16. cables 4 76
7.1C Sixty-day bills 4.73 ;' nlnety-day
bl Vnc1 checks 6 7 1 tt . cables S.89 .
lira cheeks 8.51, cables 8 50
sldss checks 3.95. cables 3 924.
Gul'fc-ers checks 1. We; 6S
Pesetas cheeks 2GT4. caoies z 1.
Stockholm checks 35.45, cables 35 85.
Clu-lstlanla. checks 31.30. cables 31.70.
Copenhagen checks 31. cables 31.40.
GAIN IN BANK CLEARINGS
Business 18.1 Per Cent Greater Than
Same Week Lan Year
Total bank clearings of all tho cfcar
Ing houses of tho United States for the
week ended today, vvele $6,294,273,140.
against $6,767,385,315 last week and
15,331,581,185 during this week last
voar Philadelphia's total 1h J130.322.-
809, eomp.l!cd with $238,317,259 the
corresponding week In 1917. The In
crease, is 38 6 per cent.
Details follow
1018 ini7 r C.
N " $2 718.31 I nil $2,171 n.'i'l.lffl- , n
.isii,,M..,nx 8 n
21S. 117 :i.u 3s il
17S Sill llln 11 7
113 4SS OJI , 8
un,ris7,4Mi (-31) 4
OH 413 .17 I)
7II.4JS 7J1.0. 1
4J.7i.()'XI4 11 0
.12 3'1I) 2111 04 0
31.14S J30 .10 .
8S'i
57
'.l'i
32
52
46 t
59
21
33 Vi
4 97s
S'
72i
99
50 '1
SI".
Head 2d nf
Hep Ir & Stl .loo'l
I!y Stl Snr nf nsi,.
ltoal Hutch 102
Saxon Motors. 7',i
Savage Arms 73
St L&San Fr 12-3
St L & S V pf. 27
St L & S W pf 21
Seaboai d A L. 7 V4
Seabd A L nf. 19 -t
Sears-Hoebk .136
Sears-Heo pf..llB
South Pac .. 84
So Rail . . 23 ;4
S Por Hie Su 1G0
S I'or Hlcgrts 5
S P R S fif. .107
Shattuck-Ailz lil'i
moss-alien: . .
South R pf ..
Std Mill pf..
Studebakcr.
StudeDaker pf,
Stutz Motor..
Sup Steel
MIMN'fl STOCKS,
Atlanta '
Big Ledge
Butte New York ...
Con Ariz
C 1'" S Ar Jerome
Umma Cons
First National
Ooldllelil Merger . . .
Goldfield Cons
Ctoldflcld Florence . .
Goldfield Kmvanas...
(lieen Monster ....
Heda Mining
llovvc Sound
Independence "Lead. .
Jerome Veule
Jim Butler
Jumbo Hxtension . . .
Mclxlnley Datragh .,
JIagina Copper V
Mother lodo
Mines Cr. of America.
Nevada, Hills
Nevada Wonder
Nlpisflng
Ohio Copper
Raj Hucules
San Tov ... .
Tnnopah Intension ..
United Veido
West Hnd Con
White Caps
Yerlngton
Hi
1
1.
2 u"
'l
10
3
ft
Vk
1
3
no "
in
38
30
3
l'i
3
Vi
HVi
1
4
8
1
3(1 Vi
1
30
.
1ft
!',
1's
!'
18
2',
3'j
i
it.
15
i'i
l
03
12
1?
33
37
l'j
HI',
l's
4',h
10
Hi
37 Vi
I ft
ns
19c
2(ie
Kle
3".
ft
Demi nil was fair
film cpi a has s of 7
New York. Julv 27.
Tiadlng on the cotton exchange dur
ing the half day sp.tsion was the smallest
in dayp and prices were without definite
trend. Tho po-lhIIIty of favorable over
Sundnv war developments lestiicted sell
ing, vvlillo demand was lield In check
by the pi hate pi dictions for Texas
showers.
Tho. Southern Product Company plac
ed the condition of the cotton crop as
,of July 27 at 71, a decline of G G points
from July 9. Texan condition declined
11.6 points- for the period, nnd Louisiana
12 points, these two States being the
principal stilteiers fiorn diousht.
Ytstordi s
i lose lipen lilKh Low Last
21 11 . . r
J I 70 21 ! 21 OS 21 2I.9S
L'I s", 21 S Jl S7 21 70 2I.S7
."J I Jli 21 JS 21 41 21 .ll 24.37
21 1 21 10 21 30 24 10 24 27
Jl.oil 21 OH 21 1 21 00 24 12
.21 111 21 UU 2.1 09 23 99 23 99
24.97
Julv .. ..
Vu-just .
() lobtr
Pit ember
January .
-Mi rill ..
Vl.n .
September
DAIRY PRODUCTS
RUTTnn Wlmlrsalo trail., ns nual on
th last daj of tho uerl uns unlet, but
alues wort stndilv mnlnt ilntd The quo
tations follow oIil ii ilKi il in imcr cxirn,
l.'ip; hlsh-corlnff fronds 41; fit ,Sl 1 xtra firti
H'ic, llrata IJ'i H t Ic ft. umcls, l2BUt,
fancy hrandft nf rrintH lobbtntr tt rillffWL,
choice nt fine fair to Rood at Kiffi lOr
JXlfJS riiic -ta( k i,ii ucll ( If .tnpil up
nnd firm Qnntit nns I'n ( c tstt n ,irby
first n il'J 'Mi fit 1 t 'Mi nor ht mil 1 nl -itr-
rtnt reccl!tfl -ll!iiiiiiri ci wiii.rn pin lirlll J (
IIi-qIq II" IlliruH'l "11 .1, 1. , 1 j, (lcutn tin i.il I Idlilnln
jlitr f. f.fnc Bebttfd 1 yro t to jobblns Klei Stornirn .
itii tc tit- inr unt n viomi 1 m "i"
rm;i:sn Oflerinps urrn lleht nnd ti 1o nrpfirrcil
I market mlrd cr ilrm under a fair do-, Kt-.stono iv
' rmnd Quo tat Inns .i drk wliob -nil Ik.
1 j fancy, fresh itfl'i c; Hpiclals bishT do, do.
rair 10 kooo. iresn, i'ti ( -rn.. w isronsin.
hole-mil k fanc, 201 c, do, do, fair to
GOOU. I'aVfc 20c. .
Cotlnn IJujrrs and Sellers
N'e York, JulV 27. October Ulor
ilnn, UopUus, Urittntioo .and Uartlctt
bid ; I'arrott Jlolmea, Newman and
, nn mlir HnpKIns, MrpI, Hyman
.and Wtlck Md ; Kllnn, Uiordan. IIman,
Russell and Schn.i7 offircd ty
January Newman and Sicel bid; Ily-
' moil nffnt Ofl
March Newman bid ; Martin offered.
Local Bid and Asked
Ami" Stort
lllil
JO
(III
iv ,
Ask
3H
27
H3
i'U
10
Mi
3lc
7
17
2o'i
I, l'i
.7'i
IPs
Bethlehem 6s
Icosden Oil 6s ,
Ciisden & Co os ,
Cudahy 5s . . ,
Russian Ccvt 5'is. .
Russian Covt G'2s .
Southern Rvvy 5s...
Sinclair Oil Gs
Todd Shlpliulldlng 6s
BONDS
'',
77
77
07'.
.
..
!IH
7 SI
un
99
81
HI
!7-y,
511
,n
IIH',4
HI
119
6;
G3
HUH
45i
81'j
40';
4.1'
Deere " i",X2,? n 'si pr . ;io
Del - IIulV,'10T,r Tenn Copper.. 19,
Den f- JJIo O ; ij Texas Co .152Va
Ten& It v. pf Gs Tide U'tr Oil 180
net IMIson ,u
Ra&Atpins
Krln
Pile 2d pf .
F M & Sm pf
Fisher Body.
Fish Bdv Pj
C7s-n CUT pf .
l-ictrio.
cliem . .1811
I fioodrh B F Pf 9S
c.uir A: .l.',"v iYit
Cult Sts Stl.- IJ.i
Tl.aell.il Mln 70
nnv"i:iec 1?1
15Vi
23
34
38
91
99 V,
44Vi
Approve New General Motors Stock.
WnshlniUo. July 2T. The capital l-
...1. .miii has taken favorable
ft?.!?"5,tliSt!i;S8eopif01
oior.w.iuiwnj w --'-. T--.-,.-,-. -
Chicago
rnua .
Hoston .
Kan City
St Ixiuls
San Kran
Plttsb'h-,
Detroit . .
nam
N. Orl'ns
421 230.201
3111 322.8011
2i..Jit.n
1711 SIS. 1,1.1
134. SOJ K3
n., OSS. 842
114,001 .ll.s
49 1111,001
53,013,412
40.040 8JJ
Thild Ave . 19
Toll Prod pf . S3
Tol Stl..X.Wct 6i
T StL & W pf 15
Transue-Wms 39 'A
Twin Cy Hap 40 '4
Under Tvpe. ,105
Un Hag & P. . 75
Un C Strs pf 110
Un Drug 2dpf 77V4
Un Rvvy Inv,. 8 (ft
Un Hv Inv pf 17'.
I'n Alloy Steel 38
United Clg S 101 U
i'nlted Fruit 126
POULTRY
1 JVH nemand n equal lo tb" limited
offerin&s nnd alues won c maintained.
Quotations. TowH, 3lC?3"it riprinr chteu
ens. not Tjfirhorns, welsblmr lV (92 lbs,
nnlof, 3Cl.t7r. uclshlns lfli'i lbs npicce,
3T(ft3"e. hlt Iefjhorns according to Pi7.
Illifflaic Hnoitcrs ".tfili7t Duekt PcMn.
sprlnjr, 31:"c, do do old Jhtjjf.inc, do,
i noun i mnm.r 'ij'(rtc nuincas pr pur,
$1 ,TiWl I" Plceona old per mir lij4"jc.
do ouii5 nor rulr 2SiT3(h
I)Ui:fai:i) The mark't ruled rirm, with
leniand nbsorblnc thf limited olTerintTs Tbo
quotations ranard hh follows PiPfih-KH'ctl
roufl in uui, ranc ir pit kc d fancy su
Icrted .t7c. wrlfrMnpc 4 lbs ind oer npirte,
.l7e, nnnller pl?es lUft Vc nld roosters,
dry-picked 2t . broiling r ilckc ns western,
fancj, WPlKhinp 2 lbs nnd oer apiece 4lffj)
.ic email r si7e i-i nc spring clucks.
Lon? Inland and Pcnnslanli ,l"'a Q.it.Vjc
pcjj.ibs, Vr floon wliitt wtichltis: 11 CV 1
lis por dozen. JHitTR . dn vwt;--liln- infill
lbs per doztm $7 7 "i, do wtUhhm h Jbs
Pr il07n fnfff (I "n do wil"hinn 7 lh pop
dfrspn, Jl r.ii'f?."!, do. wiU'lilmr U'tTii1. lbs per
dozen $Tft? 4. do dark, $.' 10(12 50 do, fc ma 11
and No 2. Jl2 50,
Short-Term Notes
1i dCayiTS'4,3S9,8Dfl,lS3 J3,S39.5a0.4(I)--X1.4
Other
rules, a
days . t
S37.DA3.7in 603,432.0184-30 7
Total of
f o r 5
3lyfU..!.2n.601iD28 $MH.DG2,4S417
,' C'v nA 171 11D GfiA RCC TfllJ-OI
l aay , .inu.-t.- .j...-, ..-y--,
Total of
fdr week".0.204 273,140 r.331.58l,lB5lS 1
BANK CLEARINGS
Bank clearings todaV, compared with cor
KiinnnrllnE rlAV last tUO Varai M
w," "tar T ft iaA
f llCe'ntral ... 9C'? Un Itap IldVV. H
lnt ACT . ,7' " S C Ir P.. 14
ISt m?vr . C5 USClr P pr 44
lnt llarv N J.121V& U S Ind Al pf 94Vi
It liar Vo pf 96 U S Hlty Imp IS'.i
Halt ua i u ivuy imp
Ilato P C.
Am rot Oil
Am T A T (subs) (1
Armour A Co . n
Armour Co . (1
Haiti . Ohio. . .1
Hethleliem Mv 1. .1
Itrook Han T
Pan Pa" llv li
Chi lit (111 11 I
Iipla A lluilson
Krlo Halirnail . .1
(Jen Kleetrle- II
(Jon Hlpctrlo Jl
(Ire it North Ily
r ' Cent , . n
IVnnsvlvanla Co 4Vi
Pub H C of NJ 5
llin A II M C Co 1
s.outh Hallvvay .. ;
Unit Hl.it Hull .. II
West 11 S. M Co (i
Duo
Sepi 'IS
rtii
.lun
Juno
July
I Mi
JlV
Hr
July
.Vui;
Vnr
Deu
Julv
Sept
Hspt
Juno
Jlar
Keli
Mar
Dec.
Pel.
Ilii
911
!I9'(
lls'i
0
US',
HI'!
M.'l
mi,
HI
UP,
IMP,
ll'l'l
111',
in
in.
nn
iiwi;
IS Kill
HI 031.
Ask
111"'-.
li'"'.
inn;
lis',
ll'l'l
117
ll'iC
(11
ii"':,
97
ill
loo',
U7J,
7'
Hill,
mi5;
07'i
IIS',
lou'S
ui..,
lo nrefi rreil. . .
l.ako Hun Corn . . .
I., lilirli V'allev ....
l.ehlKh '.ille-v ...
Ptnnsvlvnnla
Phlla F.lcetrlc ...
l'hllailellihia Co. .
ilo il in nret.
Phil i It T t e...
Iteartlna; . . ..
Tonnpih llclmont.
Tmion.ih Mlnins.
Vnlon Trartlon . . .
Unl nis Iran ...
II S bticl
V.. -lr HM.V
do nri ferr."il . 31
VVm Crainn & Hons 81
2sv3
:n
2'i
SS'i
.17
I, l'i
107
7".
4'1
Jil'j
2-m
.14
'esteriliv
Hid , Ask
21'4
1)1
.13',
.11 'a
07
7
47
20' I
l.'l'i
.IS'i
14
2 PI
2S'i
.11
ss1, ssj1.
2
37'j
111
1II7T4
-u
31
hi
r.s'i
oii
l"7'i
S2'-j
US
.11
32's
I.S
s
4')
2IIC,
l.'fi
.1s
41',
24 li
Jli'4
31
21'4
S'l',
:i
2a
3H'i
op.;
HlRVs
OV-j
32
b2'4
(rtiN nni.T wi:tiier forecast
rhlniRo. July 27 llllnoN Fair (onlilit.
rpolrr nrnr Lake .Mlrhlciin; Sumluy nartli'
loiiil.. vviirmrr exlrrmc nnrlh.
nr...?-"rlr"l.".li:' ",."' fc'llnueil high tern
nrritiircs tonlcht unil Simdav.
lVlsrnnslii Inrrrnslne rlniiiliness. fol-
H l liowers Minila, n,l In Pt and
fell lonUlili warmer southwest to-
,..!,i.'"sn,',.r" ':l"'" (nnlRht. vrarmeri
huiiilii partly (omly vvrt. probably nliovv--rs
cins warmer nnrlh.
.,J.7'l,"i J'n,.r on'i!l". warmer In north
Jini'I'i1' Sl""ll ""ily doudy nnd con
tinued vvnrm.
oi.K,,r'il1 M"k"n Unsettled tonlcht. prob
nutv slionrm and narmrr east, cooler n
treme westi Sundis fair. """"
Siutli IliknU 1'arllv elondr nnd somc
Sunili "",''"lc,, "nleht unil hundaji cooler
2sfl5hSi';l'''".,r.fnl I'mhnblv unsettled
.,n-.i, !."nlf,7 nnd Simrt n i cooler north and
SuihIi" 'o'1'"-'1''' '"! In west und north
Ijiinsli. r-nlr and rnntlnurd warmer to
niijlit nnd .sunilav. except cooler Sunday
liriernonn northvvent.
-Iliintnim Talr tonlsht nnd Sunday,
ronler north and rust -'tonlcliti warmer
nlinilav,
Wj online Fair lonlelit and Sunday.
Chicago, July 27.
v-ontlnued dry, hot weather In thai
West and Southwest was the factor in al
stronger market for corn this morning.!
onerings vveie scarce and commission!
nouses were buyers. The receipts hcrel
today weie 21D cars.
August opened at $1.53'i 1.B3V4.I
against 51,53 at the end yesterday, and!
later sold at $1.533,. September vvasj
quoted at $1.54 Vi 1.5 i4l against $1.54.1
esterday's last price, and later sqld atl
$1.55',;. While there was fairly actlyel
pioiu-taiving. prices held well. '
oats wcrS firmer on buvlng bv com-l
mission nouses lnnuenced by renorts
that e.iiorters viiave been nurchaslntr
more evtcnslvely than generally believed.
ine receipts Here today vveie 228 cars.
August opened at 7Os07O'ic. aealnsd
C9Vc at the end esteiday. September
htaited at G9Vi ttM'iC, against 69Hcl
.vcsieruays last price, and later sold an
UUlC
The receipts of vvhe.at at Minneapolis
were luo car3, against seventy car3 at
Mirneapolls and Duluth last year: aa
Cliicago, 51 1 cars, against sixteen cargl
and at Winnipeg eighteen cars, agalns!
17V cars.
TRESH I'RUITS
LOCAL MINING SX0CKS
TONOPA1I STOCKS
Hid
(ll)
31
(II
0
10
Il'l
Of
1,V
l-oniuas oovEiiNJinNT hkcuihtips
Inter
lnt Marine .
lnt IMper
Iowa Cen . . . .
lnt Nlcl.el pf
T. Tinner.
Jewel Tea pf.
inj,
3GU
28
89 1
35 Vi
91
1st nrcf 50
U S Smelt. ... 43',
Utah Sec.... si A
U S S & It pf 44 vl
Va Car Chem. 488
vn i-ar (.'li pf 107
60i
Am Por Seo ... J
AnKlo-r renin . .
Arcentlno Oov.. n
Can (Jovt ......
city uf Paris ir i
Uepub of Pr.. .;
Ilusslan C.ovl .. Jl'i
Jlusslan (Jovt . .i'j
(Jovt of Sit
Pn KMnit of (1 II .
Un Kins of c. ll :lf
Un KniB of ,U H SV4
Aul'
Oct
.Vlay
AUB
Oct
Apr
June
Deo
Mar
Sept
Nov
Nov
1!)
1ICM
Illlf
20 in;1;
HI 117
21 Ss'
in ns';
in .ii
21 5.1
Jll limi
ts HIS
1!) 117',
i ii i
H7',
Ills
H7'I
l)7'J
SH",
HSU
.111
.'..
mm
U'l't
US
Convertible Into lone-tenn bonds.
Jt ,
K C F SS.M Pf "9 , Va Car Chem
i-n fltv So 17 Va Vulcan Detin
Kelly Spg.... BJ West Maryl'd 14s
Key Tel pref . . 48 Wea Md 2d pf 32
Kings Co i:iec West Pac... 22H
T. & C".... 90 West Pac pf.. 63 i
Kress S II... B5 Wheel & L. U. 9?,
Lake K & W 9 White......... 40
I. li fit vv pi. - v ,uy vjv pi, as'i
ut n & w pt is
Lack Steel .. 83
I. & My Tob.,165
Lgs.MTobpf.10 1
Woolworth . .UlVi
vv uriii i- a jii
pref A 88
BAIl SILVER
Yestsr-
Today i"ay.
Last
S?.V
1D1S
Klah Lovv
AlOItli DILLS DISCOUNTED
Loral rinancial Institutions Rediscount
at New Higli Mark
The weekly statement of the Philadel
phia Federal Reserve Hank shows that
member bankH made largo uo of Its
lending facilities, total bills vestcrday
being $94,820,792. as against $84,065,984
on July 19, and establishing a new high
leconl. Total earning assets aggregated
$7.799,G92, against $8G,991.984.
There was another drop "in gold with
foreign agencies, that item being 1814,
099 jesteiday, as against $1,08. ,817 on
Juiy a,
TO
and
63.6 per cenu
Cholro stock was generally steatlv ns
follows' Apples, new. per hamper 50cO
$1,10 Peailics (JeorKla Ior 1,-hiskct i.ir
rter Hello of Georsla. 2 5IIW.1 2.. lllberta,
2(li3 7 il" 'l'i nr bush I-Iii8l.il JJfcl
3 50, ilo North Csrollni, pr ll Insket ear
rlor Hello nnd lllhertu, S .(lfil 7.1 tlo,
Texas HU'ertn, per bushel-liaski t J..ICI 3 J..
I.tmoos per 'inv. ?9. OraiiBrs, California,
Per box $.S's .10 (Jrapefruits, p.r box,
4fi1 PlneanpliH Porto Itli o. pr crate.
$.11, s Cbt-rlis Callfornli. per box, $Ufp
2 2.1, ito New York, nil ll-lli bask I. 7.t i(
11 (Iripes. CsllfornlK tor t-hisk'i , r.itf,
13 "T'if I 50 Pears. Ciilli'irnli. p i 1m.
IlLTitlJ Pmini Callfornli pi ' ''.iskot
trnte. $1 .U8 2 "S. Apricots. California,
per crate J2(u.i.ii Cnntaloupos, uouigia,
per standanl crate, $1 .1(ie2 .10 no. iiu,
per pony irate, 7.ii"ji. iiu, iiu. pinic meat,
i ner ll.it cratf. 7.iGl$l. do. North Carolina,
l'r stand inl crate J2 .iOob.1! ilo, ilo, per'
pony i rate 1 2.fl.7.l do do, per tint
crate, $1125 do do. Itldtfoivius, p. r
standanl irate J1..1oi! 1 .10. tin, do. per pony
crate, $2 5o&3 2.. do. Delaware and Vlar
lainl, iwr ntaivlar'l " rate. 2 51loi'3l do, ilo,
per ponv crate. 1.502; do, do, per Il.it
J rate. lei1n, do, Ariaoni. pi-r stundanl
crate l7.4t,1: ,ln, do, pi Jumbo cralv,
3 5015" do do, per ponv crate, 4:do,
do. per flat, craie, Jl-foWl."" VVattr-
in ons, houinern. p'-r mu ni. "u.
t"cr raflnad. 25U100
VI'-CETABLES
The Keneral market vvus uulet and showed
Utile chunee Quotations: VVhllo potatoeu,
Norfolk Per Mil No. 1, M 0.17.0. No. ,
SI '"iWa VVhito notatOPH Uaslcrn .shore,
per bbl No 1. 13 .uf3 75. No. -2 11 2;2
White pnlalofS, Jersey, per -bush basket
NO 1. 40'ltS.lC, .SiO -, ,,.-j.....s ... l 'M
intoes. Jersev per rjmner .o
Jim Hutler
Vl.icNamara
Midway
Miznah Kxt
!untani
Ntirihern S-tiu
Itesiue Hula
Wist Und
QOI.DK1ELD BTO'CKS
AtllllU f.
lllu.! 11UI ; .J
Dliinondllcld 11 I
Daisy
Kewams
Sanilstoriu Kendall
hllver Pick
MISCIlI.LAN'nOUS
Arizona ITnileil
Niv.uli VVondi r
Tecopa Mining
Lcndlnu futures ranged as follows
Corn (new delivers)
Open Hich T.ow
1..13V4 !..', 1.S3U
1.31', 1.57?B 1.54U
rYUSUSt . . .
September
uais
August . . .
beptember
Lard
Julv
September
HIU
July
September
Pork
September
70VJ
b!l',i
70'i
70
211 52
211 43
70H
tiO'i
2 50
26 35
24.87
43.23
24.93
4 4
24.82
45.25
Close
l.aa
1.3(1 Vil
IS
26.50
0.42
24 115
24.00
43.45
.02
.ill
,01
.01
.(11
.04
.15
.10
GOVERNMENT BONDS
i. ij -.i;
No 2 SI 2.'l l.i ejnionw. je.r.ey, tier 'r
T--.. .... . n t,t . !. . .in ..,ii,
2s. resist, red 1030. v
2i. itiupon. 1030 .,
3s, reslstered 1U1S...!
3s, coupon, P'l?,.....
Is, reulstercil 1023 .
4s. coupon. 102.; ..
as remmi o'i i." i
3s touiion. IP 10 .
l'anani i '-'. reii stercil
Pinami 2s reuiytired
Panama 3s, registered.
mm.,
lins, .
mill..
Ask
.33
.00
.07
.12
.ns
.11
IVi
.05
.01
.07
.01
,0 1
.11
.02
.01
00
.17
'
.15
Bid
IIS .
ns '
ti'i'i
9')')
i uii'-i
lnnvs
si
S3
ns
n s
S3
Refined Sugars Unchanged
.sew nrk, July 27. Heflned suirar
are unchanged, with local refiners acl
cepting nusiness on the basis of 7.50c
less 2 per cent for cash for refined
granuiatea. Jtavvs .-.re uncnanged al
6 055o for 96 centrifugal. The internal
tlonal committee mado no purchases ol
raws yesiei'eiay. us taking for thfl
week inciuaeu 244.300 .bags of Cubas
19,500 bags San Domingo. 4000 bagl
nonuuias aim jiuu oag3 ot i'ono ttlCOB
Philadelphia Arrivals
at Nciv York Hotels
Usual Extra by Dow Cliemiral
New York. Jul;' 27 -Trc Dow Chemi
cal Company declared tho usual extra
dividend of O'i ?'r,H'e"
the com-
i...u K..-iAt si l litre i at. no. no. vvu
hii.h' hamP'V. t2W2r.il, d" Kentuek
luo-pound baa. t3 r,oo'J ts
rearb. per pound mir ioe
per
per
Mushrooms,
Semet
pavablH
julv ai
jjousinu
DIVIDENDS DECLARED
of t2
record
dividend of 3
s.olvay.
Aueust
rrcular
IS to
nuartcrlv
stock of
Oil Company.
... , ...it on nrpii'iitii.
In slock of record July 20,
iy I'. 1
Total reserve held against net deposit I
d Federal .Reserve note liabilities was!
NEW YORK BUTTER AND EGGS
New, Tork. Julv; '"-3uH59.fc V'v".
mon stock In tiddltlou to the regular
ciuirteily dividends of l. per cent on
the common and l'i per cent on the pre
fetred all pavable August 15, to stick
of recotd August i.
Reserve Banks' Discount Rates
omini aiGcnnnr rates nt tho twelve
Federal Reserve banks wen as follows:
(The nisi ccmiiiiu nil" ins- i.ni ,".
all periods up to and Including the fifteen-day
maturity, the second for a
period of Flxteen to ninety da vs. The
thiid and fouith rolumns .are the rates
for rediscounts nf collateral loans, se
cured by Government bonds or notes.).
Com'l paper Gov't paper
in to 00 10 to 00
15 dais das 1, days dn
Uoston . . . .(
New York
4
4
Philadelphia ... 4
cleyeUnd 4V,
Tllchinonn ..... yi
Atlanta
rhicaeo
St. Liulo. ..,
Vllnntancl's ..
Kansas City ,
, 4
, 4
4i
4!
4,
4
4
4
4
4
Ui
&V J..
5.'
ii
4U
All
!ll?
7l
U. I.. It. Ilalrd. Danders.
II. Harney. Longacre.
(1 I.Vvrnham. Jr . Holland,
P. f lletrd Flanders
T It. Hell Herald Square
J IT Hellls Hrmdway Central.
VV S Hromlev. Aberdeen.
Miss P. It Ilracker. Martha Washincton
u .v i.-ruestie 1 lanuers.
H H. Cummlnirs, Pl.inders.
H P. Curry, Herald Square.
P II Dougherty. Albert.
J II, LMuard. Albemarle,
Mrs .1 II Udivards Aemarle.
I. Ulscnstcln Heraid Square.
lrs. (1 K, Paris. Martha Washington.
Mlsa M Kolo (lerard.
M, L Macaula. Woodward.
P (J Marshal'. Churchill.
II. Miller Hroztell.
Mrs II Miller, Hroztell.
N II Neufeld, Aberdeen.
P. J Robinson Continental.
If. Sametz. Walllck
V. A Wriuht. Herald Sauare.
I. G Donnrllonr Cumberland.
Mrs I. (, Donnellon. Cumberland.
J Ulllott. Navarre
.C It (loodall, MarlhorouBh.
H. II Hope, llerald Square.
J Ilop.ey Van Cortln.nd
J W, lloser Jlarlboroush
H, C. Johnson Great Northern.
Mrs ll C. Johnson. Great Northern.
W J Lewis. Cumberland.
Mrs W J Lewis. Cumberland.
J Miller New 'lrtorla.
W 3 O'Hrlen Woodward.
Mrs W. S O'Hrlen. Woodward.
P Oreler Walllck.
It II, Iluddlck, Hrcslln
.1 M Hibernian, Latham.
J W. Illackcby Aberdeen.
rVII Cuber Albert
(KM. Dwls. Park Avenue.
P. M, (letz. Brostell.
O. J. Hudson. Union Square.
I' Knupper. Hreslln
p. C. I.ennhardl. Grand,
j w, Mcilrlda Albert.
Mrs. J. O'llalloran Grand.
IT. A. Perch. Ilreslln,
t. n...n. Ilreslln.
Captain A. Hose, "roadway Central. -I
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