re, 'jrw
nj.rri'.i r -: i i.' -- ; '--it.
-i""-T3S?1
StfttiTS
Wjfft ";; V "T'f' rev.-
vf 1 sV -
v;WT'5iw'ifr
' V r-
,.;a(v
i, tr,,
EVENING PtJBLIC LEDUfcU 1'HiLri.Jjh.Li-
yf
W'i'f
'f
' - y - ' .
w&;
JWWW
... I . - , . r ', ' r. i.i.i1
.t wm.. Arrr'TJT'ci " in Arirrrrt rnvTi 7ri r TJvnr .ni riy t j ,r .rruis a i.rr ttttt iiii?r wttt a citi ilj irwm
r - wirw - - - i mi m"t it- v - m mM m-m m-m f f r r uui m m m-w m m - 1 n mr m m wmr mrm Mm i m m mm m m at m mm m sjv mm .VV a111 n .ra ri 'r
fin r? finance mir-i -' v-x .1 J. 11. J 1 xlVlif vilL ff Sl.LslS -xtx- rr x VlWi xxXil 1 1 llM-JjrxM-SMJJMdl lllxl Ul KSKsMm A AAxVAVyr
'Wnl indus
t nu' earned nearly
v
it
I Mt profit so far this
now in nana as
fcs of autiroxlmatc-
,0d0 for' the current
"V ...
fWmpany, wnicn nas
1 . business for more
iktslf a century, has a
krnwell-eauinnecl nlant
-,fMured an adequate
mr'ot raw materials,
.''product is nationally
ras iur iLo imk11 ii"'".-.
4peace-time staole as
s!: war essential.
rr) position will -bear
liiost'rlgid investigation.
iatorview address Box
A 120, Ledger Office
BROOKE. STOKES & CO.
wi lo announco at
LlfttMwif HAM r T ONnSTRFTH
MBWHUHI. V. w. .----- --
lten admitted to membenhip
'"'w Sn the firm
iS. Fifteenth St., PhiladeTpbia
101K.
a; -i
SELLING OF UNITED STATES
STEEL WEAKENS THAT STOCK
AND OTHER ISSUES DECLINE
Losses Follow Gains in Initial Transactionsv Rails Arc
in Simply and Drop, Due to Deferring of Wabash
and B. & 0. Common Dividends
High Points in Today's Financial Neivs
Yesterday's buvcrs of United States common hecame sellers and that
stock declined, with majoiity of list following same course, llailioad
issues yielded on.dcfcnlnp of H'alirMh and llallimore and Ohio common
dividends. Leading stocks tfccie vwrc active on the Curb. Com teas
higher in Chicago pit. Condition icjioit sctit cotton up. Stockholm for
eign exchange quotations were firm. Bar silver unchanged in Ncto York
and London.
New York Stocks
r w-iir
MB
t:.MMm:ir
'-.hThyM
. j
.X lit 'J'
KM&S
l.BOAT, AnVKRTISKAIKXTS
W5TATE OF ANNIE JlrKINLEY.
f"toiMl letters
a?T T tnWTBPTO UCllflS ItBldllll-lliniT I'll
tT-tfc Above Mtate halnff lrn Krantrd to th
' i. MiMltiiMl. nit nprnnn-i Inriphtpil tn th ffnld
Eflt,lii'r(i reiupntcd to rmkr paymfnt. nnd
'V' ?'-! naving' claims tn prfnt ino nam?.
P!-.AMBBt 1flr. to JENNIR SWANN.
Miitrll hP ttnrTiv.
.7 'J JAB8 B, ASinVOHTH,
wsSScSrSSSL."0- ..""-"...."
i.Vsf' rteafd Tetter tcBtnmntnrv upon '
tolff''Miatate. of Carrn P. Mllro (lcreifi'il, I
H M ulna f.A.n ww.n.A .a CMnll.i. nvtiaf P.m. i
m Jo(ph II. Tanlnnr and John P. Flih-
rtr.all persons Indebted to thp mid pMatp ,
re-reauatd to make pajmont. and thos( i
f.vnir clalma aa1nat the aame to present '
MO'wlthout dlay, nt the nfllre of the
wy ' rotnnany, inos. u-331 Chestnut St..
Stlidelnhta.
W i FIDEI.rrT TTIUST rOMPANY.
I . . Wr. r. OF.ST. Treldfnt.
fr ' aglMMt Cheatnut t Philadelphia
3SFEMTATE OF JOHN . WENTZ. de-
f!fSaV AAnaaal T - a a n r. .
Uilh 1 1".'" S "" u'uri,i it ri.uiiriiini u(mii
Ci.Tiilfcr tmttttm nf .TnVin H U'anft dansnuMl tmv.
t $$f lint brn frranted tn Fidelity Trust Comnnnv
. km William v. Kent, nil proni lndhtpn
' nt
325-
fT tfttlie aald estate nrc rrqntM to mU
ftMrarnt. nnd those havtnj? Inlmn nttalrnt
k i?k ttamA tn nrnnt thorn, vlthmit rlalnv nt
ci -Ti;oinc oi vine pnin rnmrnny, no. i
ivmui.KinvnmnT, at., l'ntinae-inntn. .
efW FIPET.ITY TTIUT COMPAXT.
iy& M nttRT. PrrsMrnt
H2V331 rhntiiit st Philadelphia.
m
fat,. inaKfrronY or ArcorxT xnt
ffiXW Tifrtlffeil 1'nMif Aremintant
-.i i
ll7." VCjf.ATVTlPTVnE?
w w'..c- '-1 '-
lViJJIIITl BBAI,
n. nnmvs rn
ESTATR THITHT IIT.nn
ITIOATE & ADTITRT PAIlTNKns-HIP
IRATION & DISPUTED ACCOUNTS
New York, Auk. 1.
The confidence shown In United States Steel outlook, which made tho
steel Industrials show pronounced strenRth for a time In yesterday's trad
ing, disappeared over night, and today many of thoso who bought Steel
common on yesterday's advance turned to the telling side and closed
out their holdings.
Tho general list followed Steel closely, advances being numerous In
the Initial trading, but before many minutes had passed there was a
supply nt concessions, which developed In pronounced weakness before
the end of the day, with the railway Issues being especially affected by the
action of the Wabash and Baltimore and Ohio directors In deferring
dividend declarations yesterday. This made Wabash preferred a sub
ject of attack from the opening, that stock deollnlng moro than 1 point
to 37. and a number of other railroad stocks sustained losses of more
than 1 point.
Reading was not In much demand and yielded 1U to 8G?4. There
was unusually heavy trading In St. Taul, In which there was further
evidence of accumulation for some special purpose, and, although that
stock declined more than 1 point to 1358, It was In constant demand and
rallied to 44.
Marine preferred was another weak feature, being-In supply from
tho start, but with the selling coming chiefly through brokers acting for
persistent bear plungers, who had little trouble In forcing It down to 93i.
The position of tho stock was weakened to a great extent by the
fact that tho long awaited sale of the British lines, which was used as
a bullish incentive a month or two ago, now seems to be almost for
gotten. Some of the specialties were without nearby demand, although there
was continued evidence of pool manipulation In those Issues.
General Motors dropped about 3 points to 133V4, and American
Sumatra Tobacco, after being moved up from 121V4 to 1 24 4 , yielded to
121H.
Government bonds were weak In the early trading, but later were
In urgent demand at advancing prices. The 4',is, after selling at 95.32,
advanced to 95.70, and the 4s, which were traded in early In the day at
93..52, advanced to 93.56. Tho 3Vs ranged from 99.86 to 99.90.
Net
., , . lllxh t.mv ClOKe chKe.
Alnka Old M 3 SY &V Vt
Alaska Juneau u i'A 2 Id
Allla-Chal Co . 33 33 33
Am Can 4fiii 40V4 4!J4
Am Ice Sec pf BO no 50 V4
Am lyjco .... (lliy, la4 (liyi 1V4
Am Smelt ... 1" Wi W 'A
Am Rum Tob ,I244 111 183 1
Am Steel Fdry. 73 72 73 2
m ici ei Tel. 113
Anacnnda .. o.Til
Atl Gulf & W 1.103
Ilaldw Loco Co 90
Halt & Ohln.. .11V.
, Heth Steel B. . 8'J
Can Pacific... 1S3
Chesa & Ohio.. .1(1
Chi M & St P.. 4
do pref 75
1 Chi It I & P t c. 23
Chlno Con Cop 30
Corn Prod .... 43y,
Crucible Steel . (l
Cuba Am Sug. 30
Dome Mines . . 0
nist Sec 57
iKrle 15
do 1st pref. . 31
Gen Klec Co. . .145
I Gen Motors. ...130 133 135
ureat .Nor tire 31 31
Gulf Sts Stl.. HS 81
Hskell & Bark 47 40
lot Agr pr. . .. 57 57
lns-pn Cop ... 52 52
Intb-Coni Corp 8 8
iniii-i'ns t,r pr 38 sn'.ft
STOP RISE IN CORN
BY REALIZING SALES
n-. nit'.
d.tU 01V,
102 mm ..
88CN !' 14
53Ti 54 V, '
8ja; 82
151V4 11 1V4I
5n"K, nil':! n w
4iy, -t- Vh
74 Vi
23
30
43
C,',V
30
1)
5H-T
15
31
145
Market Strengthened )y Com
mission House Purchases
and Short Covering
43
71
23
30
43
113
30
511
15
31
145
1
fllMIN DEt.T WEATHER FORECAST
riilenco. Atir. 1. Illlnnl Pnrtlv elnnAV
tonlclit nml rrlriir. Mtth ahonrrs north
tonleht.
Minurl rlr tonight nml Frldayi
p"iier lonlcht
ivkrontln Pnrtlr rlnmlr tonlcht nntl
1-rlcnr. Ith l'ouera enat In aotittl to
nlrM: rnnler Frlil.iv.
1tlnneiot- Pnrtlv rloiidr tonlcht and
Irldayi rnnler ent Frltlav.
Inn n Pnrtlv rlnndr tonlclit and FrldftTI
coMer eimt Fr'dnv.
North nnrt Inntli Dnkota Vartlj- cloudy
top''it nnd rrldivi cooler Friday.
Nehroko f'oeter tnnlltht and rrlt'nyl
ro"ler north" et l'rldnv,
Knnaaa Fnlr tonlcht ."nd Frldavt not
nv"-!! rlmnee Mi fmiernture.
Montana end lVnm'nr Pnrtlv rimnlr
ton'elit nnd Friday, prohahlr showers ett
(ooler.
Philadelphia Stocks
2 Am Gas., no
25 Klec Stor 54
10 O Asphpf (17
18 Ins CNA 20
1450 U Sup C 20
17 I.eh Nav. (10
iMIdvale.. 51
127 Pa n 11 44
2 tPa.Il It. 44
78 Phlla Co
cum pf 33
280 Phlla KWc 24
0 P n T t C 25
1C0 Reading.. 88
400 Ton Bel.. 2U
30 tin Tract 37
78 U G I .. (15
1535 U S Steel. 108
0 West Coal 72
Net
chlte.
Close
60 .
51 ..
87 Vt
20
10
(19 1
51 Mi
43
44
33 i .
24
25
87
2f? A
37 --
05 -f
Low
eo
64
87
26
ID
eo
i
48
44l
33
24
21
87
2
37
(15
107 107 1
72. 72
BUSINESS ON LOCAL STOCK
$J$
., SAl .
EXCHANGE UNUSUALLY SMALL SJLM
AND PRICE CHANGES ARE MIXED
iie
Total aules, 4213 slinrrs, compared with dealings showed much unsettloment.
705R Hhnpea ..mi)ii i.b fa. 4lil week. . '
20.008 shares: same period last week, 2(1.001
slinrcs.
Ex dividend. tCash sales.
Int Unr of N J.125T 125
Int Mer Mar . 28
do pref 07
Inn I'aner . . . snv.
1 Int Nickel . . 30
1 Kennerott Cop. 33
LOCK .mcci ... 84
I.ee Rllh & Tiro 2"
I.lg & M TliCo.lBfl 1(111 !) 4
i.se-ups ii tjoai ' i'y - v
Lorlllard P.... 1(13 1(10 103
do rlehts . . 14 14 14
Mex Petrol... soy, 20 20 1
Met Petrol. ...102 100 100 1
Miami Con Cop 28 28 28
Mldvale Steel. 53 51 51
Missouri Pac. 23
X Y N H & II 40
N'orth Pac .. 87
Ohio Gas ... 38
Penna R R . . 43
Peo Gas & C. 47
Pitts & West. 33
Pressed Sil Car 00
llrp IV & Steel 01
Rwy Steel Spg. 01
Ray Con Cop. 21
Reading 87
Sinclair OH . 31
So Pac 84
I So 11 R 23
I do pref 2
I Studebaker . . . 43
, Tenn Cop & C 10
Texas Cn . . . .151
n-nl. Trcl . nnaA
7TI n-inlflp. .121 120 121
rtd Clg Stores loi loo lon
United Fruit
25
05
30
30
33
83
21
51
23
30
87
38
42
40
33
119 !4
01
(II
23
H()
30
84
23
02
42
19
150
07
110.NDN
$1200 Am Gas &
Blec 5s 80
1000 Klec & Pe
Tr 4s.. 70
230 Lib Bonds
3Hs..". 90.30
50 do 1st 4s 93.00
1550 do 2d 4m. 03.50
0650 do 4 Us. 05.72
1000 Phlla Co
cons 5s 76
4500 Phlla Rlec
1st Eg.. 93
4000 Reading
gen 4s. 84
1000 U S Steel
5s 98
90.30
03.90
93
95.20
84
98
Total sales. S31.20O. compared with $3(1,-
.w cIrrany imp, rnr mis w
)N CROP FIGURES
SRlUn PRIfRS ITPWARH
mr"-w v" Mxxiny
f;
f Bureau's Forecast Shows
7" "f- .. - .
neatest, Decline for July on
fv'lwscora guying Follows
PJJWOX'BJBLT WEATltER CONDITIONS
J-''. Anc. 1. The follow ine tem-
""rnimri
Wfi rnd Jlseon, (it KnoxUle
innl. Ail. v..li.m. a. n'iii
'rJUtii-tri.. Fort Hmlth nnd Oklahomi
51,t 'Vlckahnnc nnd ThomnsvUle. 70:
wmmn. Aiirista. .iionfrmerv, Hlrninic
Mia Psb Antnlo. 72; ih-eTenot N-"v
u r-nMfi ami Jarksntllle, 71;
nurisel. Charleston nnd Tampa, 76t
fit Y.B.
.IvtiiM nl Ineli P ni.(.tnlt.ll.n
lnd Vlelrshitrr. .(It nt T.mn. 11
AKcnnta, .11 Pt JncoTllle. 2ft 'at
r tlrlOna. .SO nt Ann Atit.nl. .n.l r.-
timUmt-M t Cbsr'eston. 1.10 nt IVIImlne
:!, 3.74 at S.tnili.
INCREASED ACTIVITY IS SHOWN
BY SOME OF LEADERS ON CURB
iaiA 120 120
IT s Inil A!co..l20 125 120 1
U R Rubber 01 01 ' , lJ i
IT H Blnel 108 107 107 ,
.112 ir-:y4 n-vi -r i .
. 80 80 80
. 10
. 38'
. 23
80
V4
1
31
40 -1 Chlcew. Aug 1.
S7 ,, A number of bullish cron reports,
52 showing severe loses In conditions dur
8 .. ' Ing the last month, led to considerable
OU1 L 1. t - .. I !-.. .
..- i r uu.vini ul turn uy commiaiuu iiuuncn j
'ijJV" and covering of shorts today, and the ,
on ,7, market was stronger. Realizing salci
3B ..checked tho rise.
30 4-' Ono f 'he factors was the Oklahoma I
33' V- I statement which showed a loss of forty-'
83 V4 1 one points from July 1 to 31. the ex-
21 tensive damace hnvlnir been caused hy
hot winds and drouth B !' Snow placed
the condition In tho United States at
7!) and the liirtlpntnd vinid at imnnnn.
, nno bushels A further falling off In the """f nwl"' ' "' sos.'ioo.
movement was aIo a help.
Oats followed corn, but hedging sales
lenderl n linlt nrln.. ft-nm mi..!.. ,n I
oil. It I . .. ' ........ ,... ...... ,,,,,,. u,.
init, I Iurlner- Trade was small. Offerings
87 ". J from the country were light and bids
38 '.'. i to arrive were firmer. There was no
43 Vj ' Inquiry for export. Receipts were llb-
47 cral
Tho top on August corn was $1.56,
tho bottom $1.54U and the close $1.5504.
against $1.53 74 at the end yesterday.
The top on September was $1 57 H, the
bottom $1.55 and tho close $1.57. agelnst
$1.5474 at the end yesterday. The best
on October was $1.E58, the low $1.54
and tho final $1.55 .
The top on August oats was 69 c;
the low 68 VJc, and the close 68 to
69 Uc, against 68 He at the end yes
terday. The best on September was
68 ; the low yesterday's last prico of
68c, nnd the final G8V4 ti 68 c. October
ended at the top at 69c, with the low
price 68'4c
Local Bid and Asked
Pennsylvania Railroad Makes Good Gain, Selling Ex
Dividend Steel Comm'on Lower Philadel
phia Electric First 5s Weak
Tho 'local Rtock market was extremely dull today and price chanf;
were mixed. Steel common, although about tho only Issue that 8hoedfy&l
mucn momentum, was less active than usual. The local financial mstrict i
Seemed in hn Wntftntr fnt. ft mr,A .Inftnltn IrflMil In 7aw Vnrl? wllprA .r4YPh8.ri.fe) Vt&fl
T-I
Even the usual local leaders were neglected and virtually all transap- X.
, . . . '"Si
110ns in snares of these issues were In trifling, odd lots.
ninel tflirtt... tv.. HnH. .. t. .--...I ' .-........ ...1 ... Mia 111 te
board, yielding enrjy In the session, and the majority of sales recorded of th V?fl
big corporation's stock, notwithstanding Its excellent report Issued two Mjhi $-Vs
ago, were at a level about 1 point below yesterdays close price.
Pennsylvania Railroad, selling ex dividend, closed off on- a very,
light turnover, while for cash It was unchanged. Reading followed the
trend In New York, where the deferring of Wabash and Baltimore and
Ohio common dividends caused weakness for rails, and declined. "
Electric Storage Battery was unchanged. General Asphalt preferred
yielded , Lake Superior lost 1, Philadelphia Electric was unchanged
while United Oas Improvement was marked up fractionally. Rapid Transit
trust certificates did very little, but were marked up V nnd Union Traction .
Sold Off ft.11r.hHir Tnninnli.nAlmn( HnL.J 11.41. n Ttf..n.nf.l.M1 ("Vtal f-
........,,, .u.iuiu.i'ucilliuill titllllUU 11LIIO I1I1U ITVOlllluiciuiiu v.vu.
and American GnR nnnpnKul linnlinncrn,l T.ata In 111. cAoelnli T.oVlbrh TJnvl.
98 I Ration declined 1 point.
The third 4 per cent Liberty Loan bonds showed renewed strength,
eek,W$l22.o50: ut the 3s, which were cjulet, declined to 99.30. The second 4s gained" a
little. Philadelphia Electric first 5s were weak, yielding more than 2 per
cent. Reading general 4s dppeared unchanged.
Close
79
Net
chse.
70
70 70 V
99.30 .60
03.90 . .
93 .20
95.73
76
0274 93 2
84
ft
-Ml
Si
CI
v -i
VI
il
33
110 "l
91 Vn
01
21
87 V,
30
84
23
02 Vj
43
19
150 2
08
Today
Yesterday
V R Steel pr
! Utah Copper
' Wabash ....
I do pf A .
do pf B .
! W Union Tel
i Westlngh'c Mfg 4
Wilson Co 02
I Willys Overland 10
Lcadln? futures ranced as follows:
les nay's
0
37
?3Vt
79
41
00
19
Open Hluh
'-. ! ntl aaY
'i Va'Aujr. ... J.54U 1,30
37 1 Went. ... 1.55 1.57'i
3 .. I O-lts
70 u. iAur. ... os4 nn;
Low O'oso
i.r.j't l.nMi i r.3'4
1.5474 1.57 l,B47k
Sept.
.lTf .?- i Lard
IMP-H 1-,-H July ....
10 ,Sept. ...
I nibs
Julv ....
OS
ossi
now
OS
!8,
08'4
OS
2(1.07 .,0.5
Large Volume of Business in Aetna Explosives Air
craft Stocks Improve Motor Issues Develop Better
Tone Mines Attract Attention
..-
, - New York. Aug. 1
advances occurred In the cot
Market today on hea-v treneral buv-
Vt-both to cover shorts and bv the
fcde." following the publication of the
ort of the Federal Department of
iculture. which nut the condition of
r crop' July 25 at 73.6c, against 85.8c
month previous.
Thex figure came a3 a bullish surprise,
,ue popular opinion expressed was
: H'.WOUld be around 77.4c, this being
I Average gueS3 of slxiy-two members
tfto-exchange. The loss durlnc the
.'hxl.was the greatest for any similar
l,'on record.
npnasls was laid on the fot that,
fcthe data, for thn rennrt worn rnnii
iutlhtr deterioration had occurred, i Charcoal Iron
Wre were fsars of a crop failure I Chevrolet Motors
New York, Aug. 1.
There was Increased activity In some of the leading stocks on the
Broad Street Curb In today's trading, with a larger volume of business
In Aetna Explosives, which was traded In ut 12 and 1274, an Improve
ment over the long existing level.
There was also more business in the aircraft stocks, Curtlss selling
at 36 and 37. Wright-Martin was traded in nt 9t and 94.
Burns Brotheis Ice was again active and strong, selling at 36V6 -to
36.
The motor stocks showed a Tietter tone, Chevrolet being in fair de
mand, with sales at 134 to 135. United Motors was actively traded in
at 31 to 32.
General Asphnlt continued to reflect accumulation for Dutch Shell
interests, but, after selling nt 33Vi, reacted to 327'i.
In tho mining stocks, Big Ledge attracted attention, being in renewed
demand and selling nt 1 1-1C and 1. Ray Hercules sold at 4. Pacific
Tungsten was firm, with sales at 1 15-16 and 2.
'American Sumatra Tobacco rights sold at 4 to 378.
Russian bonds were strong, with the Cs selling at 59 to 59 and
the 5V&s at 55 and 56.
Lake 12 & W mi
Adv Runiley. 16vi lk u Sr w pr 19
Adv Rmly pf 44 LIB & My pf.104
A lax Rub ... 64 Loose-Wiles . 25 'A
Allls-Chal pf. 82-74 Lorlllard Ppf.102
Am Agr Chem 92 c Loose-Wles R 26 74
AmAc cn pt. m! "is
INDUSTRIALS
Aetna Uxploslves . . .
Amei -British Mfg ...
Am Maiconi
Amer Writing Paper.
Air Reduction
Canadien Cor Co . .
Can Car & I'dy pref.
Hid
1376
3
27!.
274
05
35
80
7 7i
133
Test, close
Ask (sale)
is, and' Louisiana.
Cramn 78
tain sales made little impression rwen Tool " 7
uaruon steel iih
late market, prices yielding 15 to
nttl-at one time, but again turning
close was steady at a net advance
1.7vPnt
icea oy poor Liverpool cames
r&ool 'selling of the distant nosl-
imarket opened 2 to 13 points v9rii. Arms
,g -There was further scattered x Y Shipbuilding ..
itip lor me uovernmeni report,
e trade very well provided.
result, price changes were nar-
Soor opinion seemed to center
77 ana 78 as me proDaoie uov
icondltlon' figure.
BlMjIlTirnt. on the whole, was bearish,
Kmcrson Phonograph.
Federal ryo
Hendee Mfg
Lake Torpedo Boat.
Lehigh Coal Sales .
Lima Loco
Maxim Munitions . .
Xor Amer Pop Pulp.
Otis Elevator
Peerless Motor
Poole Eng
Redden Truck
Scrlpps-Booth
Standard Motors
Steel Alloys
1
13
0
3
3
7.1
45
90
8
135
85
37
8
12
'3
133
jjjtaplfdrwlth a disinclination to expert j Submarine
Todd Shipbuilding
' fimilr'for the time being,
r" . yViterays . ' .
flft- close Open
"Si! 24i-10 t'llltl
iHitsrr: ? i.ir
KiSV24.4S 24.35
i i'.l.JH .A.
lllch
25.Ut
H5 .u,
Z'i'.i'i a4.s
25.40
I)W
25.00
24. bO
L'l.lrl
24.07
24 17
24.23
rr.l.nl. Tlln.
"'.0-, United Profit Sharing
2.-.i II S Steamship
25 (Mi United Motors
24.115 Tfnlf.rt Siiipap
.r-'-yf! . World Films
Wright-Martin Air. . .
Zinc Concent
25.10
ON. CROP SHRINKS
I Production Forecast Places E&ti-
i " d" ... - .. 1
I , Mted Xield at 13,019,000 Dales
A iVastBtton. Aug. .1. A loss of 1,706.-
vWNI4es in in pruspcuiiva coiion crop.
p. 'pS'ull'A"Jr u uiwuhmj tuiiuilions
(Sifwestern part of the cotton belt,
MAlallv. In Texas, was shown IndAv
'fcjDepartment of Agriculture's Au-
,Hf-oau(;uon furecust, placing tne
:a crop at u.biu.uuu equivalent
Mid bales, compared with 16,
.bales forecast In July.
flH-)4ltlon of 73.6 on July 25 fore-
jieio per acre ot aoout 177.3
kuu A vviMit inuuuuiiua, allowing
nurom pianieu ureas tor anan
jof about 13,619.000 bales." Last
auction was u.juu.zo bales,
' ago 11.449.930. three veara
1,820 and four years ago 16,.
les.
iltlon by ftates follows: Vlr.
S; jvortn Carolina, 87; South
'A. n...i.in nt . TO1....1... ...
vu , ucu(,ia, II, i' )U lud, v:
78; Mississippi, 81: Loulsl-
t Texas, 81; Arkansas, 77; Ten-
( ; Missouri, 93 ; UKlahoma, 75 ;
, 85 ; Arizona, 95.
ipartment gave out the follow-
Bient: - jne uurtau oi urops
.that the area planted to Sea
1 bgyptutn cotton in isits is
84)0 acres, of which 278,000
Ha Island and 80.000 'acres
.-'Thls compares with 352,000
?..
a 'heavy decrease in the acre.
1 'older Sea Island sections In
nd' Florida, where the boll
veiy active, ana a correspond-
in tne Egyptian acreage in
California. The production
8'of July zo at lio.ouo run
-of which 6S.0U0 are sea
4,u .gypuan, as against
(ton 01 juo.vvv ruinunif
10 20
5 5 ..
82 83
44 40
tV ..
75 85
38 42
374 4 2
47 53
14 16
60 70
15
20 28
13 13 ..
5 0 5
10 10 ..
14 15
88 90
..
74 .-
5 6 0
31 31 32
30 35
..
0 0 1074
1 2
STANI)AKI OIL STOCKS
Illinois 158 163
Ohio 320 323
Prairie Pipe ',..238 203
Stand Oil Cal 217 221
Stand Oil N J 520 525
Stand Oil NYY 270 273
INDEPESBKST OIL STOCKS
Harnett Oil & Gas... ft
Cosden & Co 0 8 ..
-r.11. nnun . . AIM. 5 6
Federal Oil ' 276 2 2
iniiki"i:niii;nt oil
Inter Peliol
Houston Oil . ., ..
Merritt Oil
Midwest Refining
Met Petrol
Ohio Fuel
Oklahoma Ref . . .
Sapulpa Ref'.. .
Sequoyah
Sinclair
STOCKS COM.
Yest. close
Bid Ask (sale)
13 14 ..
78 7 77
24 27
14 llfl
1 1 ..
12 17
074 7
0 7 8
Am Beet Sug 68
Am Bk Note. 34
Am Bk . PC-161
Am Can pf. . 94 7a
A C C & St L 32
Am Car Fdy. 844
Am C & V pMjn
Am Coal ... 52
Am Cotton Oil 42
Am i:P J?
Am Ice Sec . 31
Am T.IH'(r lit. 8071
I Am Loco pf. 98-14
I Am H & Lpf 79
Am .wait ",, Mom pm eiX?
aM: sis--
1st nf ... niz
Loose-WIl Bis
2d pref ... 20
Mackay Co . . 64
Mackay Co pf 74
Jlanhat Shirt. 65
Man ULSupCo 48
Manhat Kiev. 93
Max Mot lstpf 5514
?Jax J.rd Pl- 22,4"
May n S pf. .102
?,r,ex et Pf 36
Mln &StI, new 11
Mo Pacific pf. B7 74
'""" lUfftT. KH
AS lnuf?fpfn:i?4 S&ffi g
Am S Tob pf 9974 x, A1,,."- 25
iSffiSSr':::1 151;
..... wuu i.ao 18
m Tel & C. 50
Am Tobacco. 165
Am Tob pf n. 94 14
Am Wool. ... OH'S
York.
JIININO STOCKS
Atlanta . . .
Big Ledge
Butte New-
Con Ariz
C F S & Jerome. .
Kmma Cons
Goldfield Merger .
Goldfleld Cons . . .
Goldfield Florence
Goldfield Keminas
Green Monster . . .
Hecla Mining ....
Howe Sound
Independence Lead
Jerome Verde
Jim Butler
Jumbo Extension . .
McKlnley Darragh
Magma Copper
Mother Lode
Mines Co of Amer .
Nevada Hills ...T.
Nevada Wonder . . .
Nlplsslng
Ohio Copper ......
Ray Hercules
San Toy
Tonopah Extension
United Verde
West End Con
White Caps
Yerlngton
4
1
1
1
10
3
i'c
4
4
3
r.
58
12
38
31
35
5
74
8
1
4
0
1
30
103
29
5
BONDS
09
19
5
174
1
1J4
2
3
l
12
5
74
47'
4
4
74
00
14
42
33
37
1
10
1
8
174
4
11
1
37
100
31
Hi
ioc
20e
10c
3
ft
37
4
10
Am Wool pf. 94'4
AmWrlPapf 27
Am K& Lead 19V4
Am X & L pf 60
Asso D Gds.. 12
Asso Oil 59
Atchison ... 4 N Y Air RUviS;
4 nh enn tie. . a i v if - . -
KlBVVAtl 9 fi0i, i.cnJl-
o
at Lead 59 t4
Nat Lead pf.iooJ
Nevada onu
NRR of M 2d
KQT&Mex. !8H
ft iS& S' L. 1
NY Dock.... 24
VV Y P.ck Pf- 46
t: . . w . 21
Atl G & WI pf 65
B & O pf 57
Bald Loco pf.100
Barrett Co... 94
Barrett Co pf.lOJ
Batopllas Mln 174
Booth Fish CO 26
Bkn Rap Tr.. 41
Brown Shoe C 68
Brown S pf.. 37
Biunswlck .. 1
Burns Bros ..12274
B Cop & Z.. 12
Butte Sup .36
Butterlck Co. 92
Cal Pack .... 4074
Cal Petrol ... 19
Cal ret Pf... 60U
Cent Fdy ... -14H
Rethlehem 5s 99 99
Cosden Oil 6s 77 81
Cosden & Co 6s .... 77 81
Cudahy 5s 97 07
Russian Gov 5748.,. 54 511
Russian Gov 674s.... 56 58
Southern Railway 5h. 98 98
Sinclair Oil 6s 79 81
Todd Shipbuilding 6s 00 99
99
'.VllA . "
. BUTTER 3ANDJ EGGS.
MONEY-LENDING RATES
NKW YOUK Money on call, mixed
collateral, opened at 6 per cent, high 6.
low 4 last 6. closed at 4, ruling rate 6
per cent. Industrials opened at 674 per
cent, high 674. lew 4 74, last 4 74, closed
4, ruling rate 6 74 per cent.
Time funds are unchanged. The situa
tion with respect to fixed date funds
shows no change. Bids continue for all
maturities at 5 per cent on good mixed
and 6 per cent on an ihuuuiib. ..
new money is offered and what comes
into the market Is In small amounts.
Business Is confined chiefly to a few
renewals.
The fluctuations In time money are
looked upon as merely surface move
ments. The demand is relatively small
and the group that has been look
ing after the money market's pro
viding sufficient call money to meet cur
rent requirements.
No upturn In money rates Ib looked
for On the other hand, those Informed
concerning the situation:, do not expect
any easing of rates. Under the )n-fluence-'
of Immediate conditions, call
money may fluctuate from day to day,
but it Is expected that It will range
around recently prevailing levels.
rillLADELPIIIA Call, per cent;
time, 5 06 per cent. Commercial pa,,
per, tluve to six months, 506 par cent;
lx months. 6 per cent.
Norf & West.103
S"" Vpf. 7
North Amer.. 42
Noya Scotia.. 60
Oh gas, rets 63
Ohio Fuel Sup 44
Ontario, silver 11
Owens Bot . .
Pacific Mill.. 2874
JCCtSL 6074
Pan-AmPet pf 34 74
Peoria & East. 4 4
Pero Marq... 1414
Phlla Co ..:; 28
Pierce-Arrow.. 3fl2
Plerce-Ar pf.. 97"
Pitts Coal ... Bit!
Pitts & w pf. 79
PondCkCCo 19?
Pr Street C pf. 9774
Public Scrv ..100
Pullman 113
Readg 1st pf, 99ij
Read 2d nf i"
' 5!PJr5..si.l.-122
pept.
1 rr..i .,i u j 1 vim kiiriT-OH. rnm 1 irni iiu .-.
35.-.. 701 sharei icMerdnj I thus far tills week. I B Rorlcl."
l.oi8,.ni HlinreHi same period Inst sept. ,,,
liSiM.nutl nu.iri-.
Hx dividend Miami Copper. 1: rennsvl
anla Itallroad. 1'4, Sloss-Shcfrield, l1 ;
Tob.lcco Products. V-3.
NEW YORK INACTIVE STOCKS
Following are quotations for Inactive
New York stocks and In which there
were no transactions tod-iy. The price
gixen is the last previous sale:
Adams Exp.. 68
25.00 23.02
4.1 50 45.30 45.30
2(1 02
20.02
24.S0
25.00
40.00
45 00
111(1 Ask Hid Ask
Amer Stores ...... 211 30 2(1 30
llrlll JO 25 21! 2(1 27
Baldwin I.oco Ml K074 Hit1; 00'4
Blectrlo Storauo . . . 5374 5474 537i 547i
Uenoral Asphalt ... 32 83 32 31
do pref 07 (IS (17 (IS
Ke stone Tel 7 8 7 K
do pref 47 nil 17 411
Lake ffup Corp Ill 1074 11)74 2()',i
LehUh Nav ..,...-. 08 CO (IS (111
LehlBh Vol 57'i 574 57'4 5S
Penna B 11 434 434 44 44?;
Phlla Klectrlo 24t 2474 24'i ' 2VA
I'hlln Co 2R'4 2fl'.4 28yj 207s
do 0 p r pref.... 33 35 33 81
P 11 T tr ctfs 25'i 2574 2l'l 24S
Beading Wl S7 87H 8S'
Tonopah Ilel 274 2(3 2H 274
Tonopah Mln 2" 2'i 2 2"i
Union Traction .... 37" 387i 37s 3htt
II O I (15 110 (14l4 3.,
U 8 Steel ..107'i KIR 10S"4 KW
York Rwy Vi 074 7V4 I1V4
do pref 3074 32 304 31
W Cramp & Sons.. 79 SO 81 82
Norfolk and Western June Earnings Good
The earnings "statement of the Norfolk and Western Railway for June,
and six months, which came out toduy, showed a substantial Increase over
' last year" In the total operating revenue for both periods, a large Increase 'In
I the net Income for June, but a decrease In the net Income for tho half year.
Total operating revenue in Juno was $6,726,527, an increase of $1,133,178,
'and the net operating income was $648,343, a gain of $2,764,731. For th
j six months the operating revenue .totaled $34,969,280, an Increase of $4,167,-
J4i, dui tne net operating Income was $5,277,770, a decrease of $6,492,682.
t
Local holders of Baltimore and Ohio common shares are much concerned
today over announcement that the directors had taken no action on dtvldejid
due to be declared at tlils time on that class of stock. The regular semi-
annual of 2 per cent on preferred shares was declared, payable September. 3
to stock of record August 10. An officer of tho company, In. explanation of
the board's action in deferring the declaration on tho common stock, said
that the question of compensation for the use of Its property during Federal
cohtrol, as provided In tho act of March 21, 1918, was under consideration
and that pending a conclusion In that matter the board deemed It best to
T
n
i
PHILADELPHIA INACTIVE STOCKS
Following ore quotations for Inactive ' defer action on the common stock dividend,
stocks listed In the Philadelphia Stock
Exchange and In which thero were no
transactions today. The price given Is
the last previous clOBe:
A G war 1 Miami Copper 2974
Amer T & T C 9574 Mlnehlll 6074
Alliance Ins .. 1974 NJ&S 8974
Amer Mill ... 11 jsonnern i;ent (i
New York 'Bonds
7574 7574
Lent hcijwic' j
Cent L pf . ..10-
Cerro, De Pas. 34
Certalmeed P 3J
Certeedlst pf. 87
Chand Motor. 83 74
Cnl Gt West" 8 Stl Hpr pf 92
SSUanf 2474 "'aJ "utch. 10674
9.SPt: 924? 'and Mill... US'
Ch G Nv Pt.125.. gaxon Motors. 7
KNDON Mu
Bay. ul
i-U
on call
. per -cent.
was un
,The rate
Quotations on Stockholm were slightly
higher. Other neutrals were steady and
unchanged.
Quotations were:
Demand sterling 4.75 , ; cables
4.76ft; sixty-day bills 4.73; ninety-day
bills 4.70.
Franc checks 5.7174 '. cables 5.69.
Lire checks 8.01 ; cables 8.
Swiss checks 3.9474 ! cables 3.92 74
Guilder checks 5174 ; cables 52.
Pesetas checks 26 75; cables 26.85.
Stockholm checks 35.40: cables 35.80.
Chrlstlanla checks 31.20; cables 31.60.
Copenhagen checks 31.10 ; cables 31.50.
Ruble notes were quoted 13.90014
for the 500s and 14014.10 for tho 100s.
In the afternoon pesetas declined to
26.20 for checks and 26.30 for cables,
but they rallied subsequently, .closing at
26.40 for checks and 26.50 for cables.
Tho remainder of the market was
steady ana quiet, wun no manges.
BANK CLEARINGS
Bank clearlnxs today compared with cor.
reipondtnc day last two years; '
118 Ibit lam
Phlla,' ...104.06.873 ;0A,404,4S1 $42,54 1,820
N.- Tork.OS.an2.284 672.il87.n28 484231. 811
OR I & Pac 63 74
7 pc Pf.-.. 74
CGC it St L.. 3.
Chile Copper.. 1074
Cluett Peabdy 52
Col Fuel & I. 46
Col Gas & LI 33
Col & Ariz... 50
Col & South. . 21
Col&St 1st pf. 4974
Com Tab Rec 27
Cons Int C M 11
ConsolGas... 85
Cont Can,... 72
rA. rort fir. . 99
V,,'V V A Eft!" Cl1ysT-V.n1r M oi.T
rrn 4- inn ill., uu'j. ui uucunnrr 111 . h a 1.1.
0 Corn Prod pf .101 Stutz Motor. . 4074
C?u2spt.!.. 90 gun Steel .V. H
Ravage Arms. 73
ot L&Sn Fr. 1214
StL&SFpf. 27
St L & S W pf 21
Seaboard AL. 774
Seabd A Lpf. 19
Sears-Roebk .136
Sears-Roeb pf.lie
South Railwy, 2374
S Por Rlc Su.160
S Por Rico rts. 5
S P It S Pf..l07
Shattuck-Arlz 16
Sloss-Sheff . . 63
std Mill pf. .. so 74
FOREIGN EXCHANGE
New York, Aug, 1. In the early
dealings In foreign exchange today
pesetas displayed a weak tone, whllo Cont JnB ,
Swiss showed a moderate lmnrovement. I
.-...v..-., c. -,.,- I rt..K. Am S11.1&D H Mil 1st nf rtn
CubaCSpf . 8174 Tide Wtr OI1..186
Deere & Co pf as? Ave ... lgsj
iJ?f rf. 7i,,rt .Ul Tob Prod nf.. (is "
08.802.284 672.887.(128 484 "51 nil ""' X7." ... ""'."' ....... 4U
lfflr-iltort Boston 5,181.513 48,750.0118 SS.88.UIiJ "&"., io.'" Willys Ov pf. 1374
W "Hon . i",!. uiwwt "nnillMl in ail '!' K fl W S&M nf 59 Wnnl wnrth r 1111?
Louis an,
0,041.064 ,20,618,548
Dek & RIO G. 4 Tol StL&W ct 6
Den 11 u P' .7 ' "'"k pi. io
Det Edison... J25 Jransue-Wms. S974
D L & W...-113 Vwln Cv Rap. 40
I) S S & At nf Under Type.. 105
Elk Horn Fu 26 UnBag&p.. 75
Erie 2d pf... 23 JJn C Strs pf.llo
F M & Sm pf . 34 Un Drug 2d pf 7774
Fisher Body. 38 UnRwylnv.. 874
Fish Bdv pf.. 91 Un Ry Inv pf 17
Gaston Wms. 304 Un Alloy StK 2674
Gen Cigars ,. 48 Union Pac pf, 71
Gen Jig pi.. jjTi un i-ap ua... 1574
li a u ir P.. 14M
Hleh Low Closn
$385000 Anglo-Frch 5s 93 934 93
123000 Am For Sec 5s 9774 9774 9774
3000 Am Tel 5s.... 86 86 86
1 Oft Am Writ P 6s 84 84 74 84
2000 Armour C 474s 82 8274 8274
3000 Bait ei O 5s.. 78 78 . 78
2000 do 4s 76 76 76
13000 do cv 474s.. 78 77 77
600ft Beth Stl 5s '36 82 8171 8174
1100ft Bordeaux 6s.. 93 93 93
4000 Cent Leath 6s. 93 9374 9374
3000 C & O 474s... 76 76 76
6000 C & O ronv 5s 81 81 81
1000 Chi Gt W 4s.. 58 58 68
12000 Chi B & O 4s. 95 93 93
6000 C M & S P
rfd 414s 6774 6774 67,
14000 do conv 5s . 76 7674 76'4
1000ft Chinese rets 5s 68 68 68
161000 Cty of Paris 6s 8974 ss76 89
1000 Con Gas cv 6si 99V5 9974 9974
4000 D & R G 4s.. 68 68 68
1000 Ills Sec Cor 4s 78 78 78
7000 Dom of C 1921 94 94 94
5000 do 1926 .... 93 93 93
10000 Erie cv Ser B. 48 48 -48
13000 do D 6274 5274 624
3000 Erie 4h 66 66 66
25000 Gov of French
Rep 574s .. 08 98. 98
2000 H & M in 5s 18 18 '18
10000 H & M rfd 5s 58 57 57
2000 Iowa Cen 4s. 4374 43 4374
52000 Intb Met 474s 5074 6074" 5074
4000 Intb RT ref 5s 7974 79 79
3000 Inter M M Os 96
1000 Inter Agr 6s.. 75 74
12000 Japanese new
G S 474s 8074 8074 8O14
1000 Kan City So 5s 78 7874. 78
1000 L S deb 4s '28 85 85 85
5000 L S 4s 1931.. 84 84 84
Lib Bond 3 99.92 09.82 99.92
Lib Bond 4. s 93.50 03.30 03.52
Lib 1st 4s.... 94.40 04.44 94.48
Liberty 4s.. 95.76 08.28 05.72
Lib 2d 4s.. 93.58 03.52 93.58
9000Marsls 6s 93 9374. 93
7000 Lyons 6s 9374 9374 9374
1000 Mln & St L 4s 4574 4574 4574
2000 Mldvale 5s 8774 8774 8774
BUU0 MO Wli DB 23 HUM
lfOOOMo Pac gen 4s 58
1001) Mont power 5s 'J ss
9000 N Y C & II 6s. 94 93
2000 do 4s 7774 77
3000 N Y City 4s
1956 r 89 89
5000 4s 1957 9074 9074
2000 do 474s '60.. 9474 9474
1000 do 474s '63.. 9974 9974
5000 N Y GasH&P4s 68 68
5000 N Y Tel 4 7js. 86 86
2000-NYWC&B 4 74s 63 53
3000 Nor Pac 4s. 8074 80
1000 Nor Pac 3s.. 5974 6974
2000 Ore Short L 4s 82 82
1000 Pa 4s 1948... 8474 8474
4000 Pa gen ct 4 74s. 87 87
11100 Pa cn bs iuu joo
2000 Pub SrvNJ5s78 78
1000 Pere Marq 6s. 80 8074
1000 Reading 4h. . . 84 84
2000 Sinclair Oil 7s 9074 9074
SOOOSnclr OH w 7s 93 9374
2000StLlM&So 4s. 76 76
3000 StLIM&So 5s . 89 89
7000 StL&SFajtwi 68 68
3000 StL&S Fin w 49 49
1000 St L & S F Ser
A w I 59 5974
2000 St L &. S F Ser
B w 1 71 74
1000 Sbrd A L adj 5 64 54
6000 Sbrd A Lrfd4s 67 67
10000 Si Pac cv 5s. 90 90
4000 So Pac cv 4s, 79 79
5000 South Rwy 4s, 6374 6374
7000 So Rwy 5s... 88 88
5000 So Ry St L 4s. 66 66 74
10000 Texas Co 6?.. 15074 15074 150
suuu inira av aui os 00 jd
2000 U S Realty 5s. 80 80
26000 U S Stl s f 5s 98 98
1000 Union Pc cv 4s 8374 83
17000 U K of G B &.
I 5s 99 99
11000 do 5s 1919 98 98
41000 do new 1919 99 99ft
103000 do 5s 1921 95 95
1000 Va Rwys 6s... 8974 8974
5000 W Union 4s. 8174 81
of 74 67
Amer Stores. . 29
Amer Strs pf. 92
Brill J G 25
Cambria Iron. 38
Cam Steel ...131
Cataws 1st nf 62
Cataws 2d pf 64
Nor Penna . . 86
Penn Salt Mfg 85
Penn Traffic. 2
Phlla Co .... 29
Ph Co 6 n c pf 25
Phlla & West 6
Pitts West. 337
ConTracNJ 66 Phil NBkwar.125
Crucible 67 I'nila 'rrac... 011
Erie 15 Ray Cons ... 24
Gen Asphalt. 33 Rep 7r & Stl. 8
Ht&BT... 10 Saxon Motor. 7
Ht & B T pf. 17 Tonopah Mln. 2
Ins Co of N A 26 U S Steel pf.110
Keystone TO 7 74 Un Co of N J.185
Key-Tel pf.. 48 Warwk I & Stl 874
Lit Bros .... 25 Westlnghouse. 41
Leh Valley.. 67 W ier & S S. 39
Leh Val Tr. . 20 Wm Cramp . . 82
Leh Val T pf. 27 York Rwys . . 7
Little Schuyl. 48 York Rys pf. 3174
LOCAL MINING STOCKS
TONOPAH STOCKS
Bid Ask
.Tim Butler on .02
MacNamara 30 .32
Mldnay 1 04 .Oil
Mlzpah Ext no .07
Montana 10 ,12
Northern Star 05 .07
Rescue Cula 03 .11
West End 1 1H
GOLDFICLD STOCKS
Atlanta 04 .00
Blue Bull II .03
Booth 04 .03
Dlamondfleld B B 112 .03
Daisy 02 .03
Kewanas 04 05
Oro ot ,02
Sandstorm Kendall .01 .03
Silver Pick 04 .05
MISCELLANEOUS
Arizona United 15 .20
Nevada Wonder.. U (I
Tecopa Mining.. .12 ,17
1
Financial Briefs
Philadelphia Markets
8M
Gen Chem ..15" ,
Gen Eleo ....14674
Roodrlch ....
Gronby M4n . 79
Gulf STRR 75
Hav Elec .lol
Hartman Co, 41
Harvester ...
Homestake M
Int Agrl
Int Met ....
Inter Salt ...
Iowa Cen ..
Illinois uen
66
72
17
8
55
s
U S C Ir P nf 11
U S Ind AI pf 91
U S Rhy Imp 1514
U S Rlty Imp
1st pref . ,. EO
U S S & R pf 44
Va Car Chem. 50
Va Car Ch pf.107
Vulcan Detin. 771
Wabash nf B 2K
West Mary I'd. 14
79 TKaii"pi
Int Harv N J-126 West Pac pf'.'. 63
Int Nickel pi. 83 Wheel & LB. 9
Jewel ea pi. i white 40
KG
Total sales, $5,200,000, compared with
C5.955.000 jesterdnyi thus far this neek,
kX,OK9,uO0i same period last week, $20,.
423.000.
Local Meat Market
(The followlne report of the fresh meat
trade In Philadelphia Is furnished by tha
local livestock and meats office of the
United States Department of Agriculture.)
KBBSH UEEK Receipts moderate, soma
arriving In oft condition; market steady on
nood beef, weak on common stock; demand
slow,
KOSHRR BEEF Supply moderate; mar
ket steady to strong; demand good.
STEERS Receipts moderate; supplies lib.
eral: market steady on better grades at
122027: freezer space unavailable and com
mon kinds were sacrificed; demand light.
COWS Receipts adequate; market dull at
13ftl7: demand light.
HULLS Receipts light; market draggy at
113010: demand limited.
VEAL Receipts of heavy veal liberal;
market very dull at tloffn on heavy stork,
2ll(S24 on good to choice light calves; de
mand light.
PORK Receipts moderate! market steady
at 428682; demand fair with better weather
conditions,
I.AMU Recelnts moderate! marker ilnw
at yesterday's decllns ati $2iC8i demand
Testifying In the suit by the Consoli
dated Traction Company, an underlying
company of the Pittsburgh Railways
Company, In Pittsburgh, to break away
from the receivership and operate Inde
pendently, J. A. Mead, auditor for the
receivers of the railways company, said
lit the United States District Court that
under the new 5 and 7 cent zone carfare
the Pittsburgh Railways Company has
lost 14 per cent of Its passengers, with
an estimated loss of more than $500,000
annually,
The New York subtreasury gained
$187,000 from the banks yesterday, mak
ing a cash net gain since Friday of 57,
738,000. 1
Richard L. Austin, chairman of the
Federal Reserve Bank, has returned
from a trip to Colorado.
Special meeting of stockholders of the
Southern Pacific Company has been
called for October 9 at Anchorage, Ky
to authorize, approve and ratify the con
tract to be made between the com
pany and Its proprietary companies with
the Federal railroad administration and
to take such other action as may be ncc
efcsaiy In matters pertaining to Federal
operation of the company's lines. Books
close September 24, reopen October 10.
For six months ended June 30, Ameri
can Steel Foundries Company shows
surplus after charges and war tax of
42,968,924, equal to $17.27 a share qn
stock, against $2.1,44 a share In the -corresponding
period of 1917. Net Income
for the period increased $239,258.
Frank R. Rutherford and Leo Friede
have been elected to membership on the
New York Stock Kxchange. Proposed
transfer of membership, the Beat of
Thomas L. Manson, deceased, to Harry
G, Slellgson, consideration $53,000. Mon
roe O, Rothschild to jesse A. Roths
child, partnership transfer. Proposed
substitute of membership of James S.
Gross, to take the place of Alfred J,
Romary, of the firm of Gross, Romary
Cn. Harold L. Robinson, to take ulacn
cf Anson W. Hard, Jr., ot the firm of
Taylor, smun ot iiara.
DIVIDENDS DECLARED
c. ..it,. v., T-Inn Line ComDany. ouarl.rlv
of S3 a share, payable September 3 to hold
ers of record August 3.
Continental Paper Bag Company, regu'ar
nuarterly of 1 per cent on preferred and
ltt per cent on common. paab!s August 15
to stock of Record August r
Detroit United Railway Company, regular
quarterly of 12. payabhi September 1 to
stock of record August 16.
-National Lead Company, regular quarterly
of 174 on, preferred, payable September 14
to stock ot ri-cnrd August 23. Also regular
auarterly of 1 per cent on common, pay
able September 30 to stock of record Sep
tember 13.
GRAIN AND FLOUR
WHEAT Receipts. 30.424 bush. The
market continued firm, with light offerings.
Quotations: Car lots. In export elevator.
Government standard Inspection, standard
prices No. 1. red winter, $2.30; No. 1,
northern spring, 2.3n: No. 1, hard winter.
2.3: No. 1, red winter, garlicky. J2.37:
No. 2. red winter. S2.30; No. 2. northern
sprlllB. J2.30: No. 2. hard winter. t2.3:
No. 2. red winter, garlicky. $2,34; No. 3.
led winter. $2.32: No. 3, northern spring,
J2.32: No. 3. hard winter. J2.32; No. 3. red
winter, garlkky. $2,30.
CORN Receipts, 1713 hush. Prices ruled
steady, but trade was nutet. Quotations:
Car lots for local trade No. 2 vc.low, $1.87
01.88: No 3 vellow. $1.80S1.87.
OATS Receipts, 2200 bush. Demand was
moderate, with no change in prices. Quota
tions: No. 2 white, Ml ff87c: standard
white. ROWRIHir: No. 3 white. 85 86c;
No. 4 white. R4tT'3c.
FLOUR Ilccelpts. none. Trnde was quiet,
with no Important change In prices: Quo
tations: To nrrlie. ner 11)0 lbs., packed in
OS-lb. sacks Winter wheat, new. 100 per
cent flour. 810.73011: Kansns wheat, new,
100 per cent flour. $11.23irail.50: sprlne
wheat, old. 100 ner cent nour, in.Bam;
11 7S
RYE FLOUR wns quiet and steady, We
quote at $9.75O10.75 per bbl.. m sacks,
to quality. i
PROVISIONS
There was a fair Jobbing trade and the
market ruled Arm. The quota"- ns were as
follows: City beef. In sets smoked and
air-dried, 47c: western beef. In sets, smokea.
47c: city beef, knuckles and tenders, smoked
and air-dried, 48c: western beef, knuckles
and tenders, smoked, 48c: beef hams. $60;
pork, famllv. $52063; hams. S. P. cured,
loose, 80tJ31c: do, skinned, loose. 800
31c:' do, do. smoked, 82034c: other hams,
smoked, city cured, as to brand and averags.
81 W 33c: hams, smoked, western, cured.
81033c; do, boiled, boneless. 40c: plcnlo
shoulders. S. P. cured, loose. 23 e: do.
smoked. 24 c: bellies. In pickle, according
tn ventre, loose. X2e hresktsst haeon. as
to brand and aerage. city cured. 41c:
breakfast bacon, western cured. 41c: lard,
western, renned. "i'ti"ttic: lard, pure city.
kettle rendered. 26207ic
REFINED SUGARS
Demand was fair and th market ruled
firm on a basts ot 7.50c for Una graulated.
DAIRY PRODUCTS
CHEESE Demand was fairly active and
the market ruled firm under light offerings.
Following were the quotations: New York,
whole-milk, fancy, freih. 20',if20c. spe
cials filsher: do. do. fair to good, fresh.
25 026c. Wisconsin, whole-mtlk. fancy.
HUVi kuiicj no. uo. lair io goou, .tovswoc.
BUTTER The market ruled Arm with a
fair demand that kept supplies well cleaned
up. The quotations follow: Solid-packed
creamery, extra. 45c; higher-scoring goods.
40048c; extra firsts, 44 '4c; firsts. 43
44c; seconds, 42043c; fancy brands of
prints Jobbing at 51 33c; choice at 50c;
fair to good at 4040c.
EQQS Strictly fine stock was In small
supply and ruled Arm under a good demand.
Quotations: Free cases, nearby firsts. $12.80
13.20'per standard case: current receipts,
$12.60 per case; western extra firsts. $12.90
013.20 per case; firsts. $12.60 per case;
fancy selected eggs were Jobbing at 40
51c per dozen.
POULTRY
LIVE Demand was fairly active and ths
market ruled firm with prices 'of fowls
and spring chickens higher under scarcity.
Quotations: Fowls. 3503HC Spring chick
ens, not Leghorns Weighing i4 2 lbs.
apiece, 4042c; weighing 10174 lbs. apiece,
36038c; white Leghorns, according to size,
34037c; roosters. 23026c: ducks. Pekln.
spring. 33035c: do. do, old, 28030c; do,
Indian runner, 20027c: guineas, per pair
$1.3501.45: pigeons, old. per pair, 40045;
do, young, per pair, 28030c.
DRESSED The market throughout was
firm with supplies wietl cleaned up. Quo
tations ranged as follows; Fresh-killed
fowls. In bbls., fancy, drj-plcked, lancy se
lected, 37 c; weighing 4 lbs and over
apiece. 37c; smaller sizes. 33030c: old
roosters, dry-picked. 28c: broiling chickens,
western, fancy, weighing 2 lbs. and over
apiece, 43044c: smaller sizes. 41042c;
spring ducks. Long Island and Pennsylvania.
85V4 03AHc; squabs, per dozen, white, weigh
ing 11012 lbs. per dozen, $808.23: do,
weighing 9010 lbs. per dozen, $707.50; do.
LIVESTOCK QUOTATIONS
Chicago. Aug. 1. HOOS Receipts, 28.000
head; left over, 5220 hvad. Mostly 15c to
20c higher than yesterday's average. Top,
Sin 00; rough. $17 liuWK.mi: bulk. $18,259
111.50; heavy, $10019.40: medium and light.
fl9.3O019.3.": heavy. $1818.50; medium
and mixed, flR.KiiHil8.nil: light hogs, flv.20
010 00: pigs. $18018.75.
CATTLi: Receipts. 13.500 head. Beef.
stetr and-good butcher cuttle strong; other
Classes slow, sicuuy;
SHEEP Receipts,
stronger.
calves, steady.
0000 head. Steady, to
3.50
FRESH FRUITS
Crude Oil Supply Smaller
Washington, Aug. 1. Consumption of
crude oil In June was 1-10 'of 1 per ceut
less than In May, 1918, but was 9 per
cent greater than In June, 1917, accord
ing to figures of the United States Geo
logical Survey, There was a net loss
of one-halt of 1 per cent In amount of
petroleum moved from wells and fields
compared with May, 1918, but a net gain
of, 6 per cent compared with June.
Peaches and cantaloupes were freely of.
fered and easier, with supplies largely of
more or less unattractive stock. Other
fruits were generally steady. Quotations:
Apples. Virginia, per bbl.. $2.5006: do. per
-bushel basket, 5Oc0$1.25; do. per bushel
basket. HW---3. leacnes. iieorgia, per 0
basket carrier. Elberta. $2.5003: do. do.
per bushel basket, $2.5003: do. North Caro
lina. per'S-basKei carrier iic.ie ana biuerta,
$308.50. do. Texas, Elberta. per bushel
basket. $2.5003. Ldmons, per box, $500.
Oranges. California, per box, $609. Orape.
fruit, per box. $4 06. Pineapples Porto
Blco. per crate. $808, Drapes, California.
per 4-Dasaet crm. ..., fi. tmii.
fnrnta. per box. $4 04.50. Plums. Call tor
nla. per 4-basket crate. fL&"2 50. Aprl.
cots. California, per crate. f28.50. Cants
loupes. North Carolina, ner standard crate.
1 60: do. do. per flat crate, 5Oc0fl.5O; do.
no. 4llogwj. iicr .,. n.in
do, do. do. per pony craie.
Maryland, per standard crate.
rittsliurgll. Aug. 1. HOOS Receipts. 1000
head. Lower. Heavies, $19. 70010. 75;.heay
yorkers. t202n.2ft; light yorkers. $200
20 20: nigs. $10.50020. -
SHEEr AND LAMBS Receipts, 230 head.
Steadv. Top sheep. $11.50; top lambs. $16.
CALVES Receipts. 30 head. Active. Top.
$17.50.
East BolTalo, Sf. Y.. Aug. 1. CATTLB
Receipts, 100 head. Steadv. Calves, rs-
celpts. 75 head. Strong. $7018.
HOOS Receipts. 500 hvr.d. Strong.
Heavy. $20.23020.35; mixed. $20.33020.50;
yorkers. $20.40: light yorkers. $20 25020.40;
piss. $20 10020.25; roughs, $17.75018:
:atags. $12013 50.
SHEEP AND LAMBS Receipts, 100
head. Active and strong. Lambs, $140
17.50; others unchanged.
Kansas City, Aug. 1. CATTLE Receipts,
10.000 head. Best steady: others lower, t
HOOS Receipts. 7000 head. Market .SOo
to 35c higher.
SHEEP Receipts, 3000 head. Steady.
South Omaha, Aug. L HOOS Receipts.
6800 head: loo to 30c higher.
CATTLE Receipts, 4300 head; steady to
easier.
SHEEr-'-RccelptB. 11.700 head; steady,
NEW YORK COFFEE MARKET,
New York, Aug. 1. The market for
coffee futures was barely steady, at the
start today, with prices on the call un
changed to 1 point lower. The only
transactions were four lots of March at
8.80c bought by Wall street interests.
" Yest.
Open High Low Close close
September .... 8.85 8.32 8.20 8.26 8.88
December 8.58 8.58 8.54 8.54 8.58
March 8.75 8.80 8.77 8.79 8.80 '"
May 8.04 8.95 8.94 8.92 8.9
RAILROAD EARNINGS
CHICAaO. MILWAUKEE AND ST. PAUL
1018 Increase
June gross i ,$10,(110,403 $1,206,926
Six months' gross... 55 072,130 2.780.773
CHICAGO. BURLINOTON AND QUINCT
Juno gross $10,808,873 $147,429
Mix months' gross... 02,007, 5fio i 8.228,803
Balance after taxes. 7.031,575 10.H62.975
Net operating Income 7,800.387 10,587,205
ATCHISON. TOPEKA AND SANTA FB
June gross .$ 12,926,579 $1,111,150
Balance after taxes. 1,275.752 2,175,108
Net operating Income 1.488,420 1, 899,902
Six months' gross... 72.422,861 5,224 177-
13.1.... .... ..... .o na .. .. .T.Zl
ua.a.ivc ,.-, iA.ro, jn,uoi,lll -ll,ni,HST
Net operating Income 18,440,562 8.201,008
NORTHERN PACIFIC
June gross $7,542,789
mix montns- gross... 42,1123,284
Bslance after taxes, 0,025,839
Net operating Income N.086.331 '7,693 408
CHICAGO GREAT WESTERN' J
June gross si.s.'u.u.-u
Six months' gross,, , 8,410,401
Balance after taxes. . 183,500
ERIE RAILROAD
June gross $7,223,078 $662,628
Six months' gross... 38,088,083 2,600,679
CANADIAN NORTHERN
June gross $4,031,100
Net ...: 514,200
Twelve months' gross 42.450.H0Q
net - a,u20,ouu
Decrease.
1828.957
i''A.naa
8,809,856
:RN' WJ
1.808.838 VJ
1T,5
.H34
1.205.9
'.BOH
U00
1. Ann
0.477.900
Bank of England Statement "'
Londsn. Aug. 1. The weeklv atat.-
ment of the Bank of England shows' the
following changes: Total .reserve,, de
creased ti,vuQ,uuu; circulation, increased
u,iz(,uuu; minion, increasea 1121,514;,
other securities, Increased! 3,487,000;
public deposits. Increased f 3,114,000;
other deposits. Increased 1,742,000;
notes reserve, decreased 1,054,000 ;
Government securities. Increased 2,638,-
000. The proportion of the bank's rtW
serve to liability this week Is 16.37 per
cent; last week it was ,17.41 per cent.
Rate of discount Is 6 per cent.' ' '
'
31
Vi-l
v,i
'. $803.75;
iv.iiii; ao,
$2
$2eV2.50
do.
do, per pony crate. iiioi.nu; an. 1 aiuornia.
1 urlock,
.... ii.nnira crnie .4SD..mi? d.
i"v.. .- 1 ....-. -.- . ':
j. .1. tv, fiat crate, ii.aiisvi. (a: oo. Art.
zoHa. per standard crate, $23 ; Jumbc 5 crate.
Arkansas, per standard crate. $203. Water,
melons southern, per 100. $30075; do. do.
carload. $2000400.
VEGETABLES
Potatoes sc.d fairly and. ruled Arm and a
shads higher. otner aesrriptions . were
potatoes,
Duntntlnnn
Norfolk, per bbl NO. 1. $3.5004.75; No. 2.
fl.ures.".
per bbl. No.
.no.
White potatoes. Eastern Shore,
. 1. i.2aD7o:
White potatoes. Jersey,
i-IU.
i5: No., 2
4o.,2. 81.1
, ikr -b
4 lOfil
.500
bush.
40080c.
Sweet potatoes. Jersey, per namper o. j,
t MBSt No. S. $1. 2301775. Lettuce. New
York, per crate, S?l?-1-. P-a.Nv
York, per ousnei 1 osssrv,' .a. !" imuns.
rs---.ff.i.;'.
Cotton Buyers and Sellers
New '"York, Aug. 1. October W.
Gumoens, Glover, bid: Hyman, Cohen,?
Downs, ,Kelffer,-MItchell offered. ,
December Newman, Waters, Glftord,
R. Hubbard bid; Fllnn, Montgomery,
Brooks offered. r
January Rlordan, Parrott, Waters .j&
bid: Brooks, Mitchell, Jay offered. 1 w
March Slgel bid ;R Hubbard, Waters Y
ottered. v
T.tvernnni P.ntlnn -1
Liverpool, Aug 1. New future con
tracts were dull In the'early dealings In
the' cotton market this morning. Spot
cotton was1 quiet today with mldflluir, .
old contract two points lower at 20.32d
The. sales were 1000 bales. The receipt!
were- 1000 bales, Including TOO balil
American. Old contract, snot .price
were: American, middling fair,- JLIMl -V
good middling 20.803 ; middling $0.17d ?
low middling 19.65d; good .ordlnarl
18.65d ordinary 18.1td. - ' .1
' .y fe
TUPitr. vnxtv nirerpu iiun,n.ia'
iiit- ivuiL wuj.j.ci.1 niMt cjjp
..iVr ,""i v. -dui ie necsiptsv
73n tubs: unchanged; steady. - iitpTi
EOOS Irregular Receipts. 15.280 mas
prices unchanced. 7 , - f- ' r-
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