ri5.
W
1 " -10 V" jft '' W
A.
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e J
' EVENING PUBLIC LEDGER-PHILADELPHIA,' SATUBDAY, AUGUST 3, 1918 '
1j! !" f1
a
r .,
l.
A New
Stock
Market
Primer
her vou are an experienced
tor or luit a beeinner with
! knowledge of market trad-
(.'-'you should read a booklet
fMMed
CfllW to Open an Account
and
kral Rales for Trading "
NEWS OF THE FINANCIAL WORLDS-NEW YORK AND PHILADELPHIA STOCK PRICES
GOOD WAR NEWS PLEASES NEW
YORK STOCK MARKET TRADERS,
BUT DOES NOT AFFECT PRICES
New York Stocks
I n
2"
S.1V4
11
41
Business on Big Exchange Is Exceptionally Small Steel
and Some Other Leading Industrials Advance
Due to Small Offerings
1 7314 71V4
10T, llo4, 110
ILP$
! tells you about the fundamen-
w of trading in stocks and
uaints you with the simple
uirements of relationship be-
i the broker and yourself.
ter you have read it you will
it for future reference.
ifjONES & BAKER
, SKCtmiTim
Widen Bid;., Philadelphia
ea nail, wainut iwro, h. stooe, (tare irvno
:Trk PlttOm-rh
Dirtcl Pnvatt nirci llmtoa
HY You nu Keml me Tmir WUt oti
jjj How to Orn n Acco-mt, 1 If.
High Points in Today's Financial News
Wall street uas cheered oj iinn of fiirthrr Allied ndvnnecs analmt
the (leimans In 1'rnnce. hut itoch pi It en uric nnnffet ted. .Steel indiin
IrinU nwtrtl upttaid. ditr In smnll siipplll Chet mlrt lolo) tint ftatme
oil the Cnrh ScUIhii hii heats sent torn pi lees off. Cotton made oood
rinlii. I'rri'di trehnntie tins stranner 'I he .Yu" YorU bonk statement
shotted Incttases In loans rind demand dtpnslts. ilth tuerape tesenes
vere hUiher and the actual decreased. Cltatlntis thtoitnhtiiit the ttiuntrn
this ueeh vrte nhoie Inst tin, nnd tai responding peilod of 7
illic- 'i at unih'intie I t, Xew Ynrl ana London
liar
T. U. UiO
Harnett OilGas
pooai iold qcoTi:n
Morton R. Alexander
VLSI. c. t. c i m.i-
fr"" 1 iviiiittm m.. v. v: nt
iDIBKCTORV or ,((01.TMS
-Sti. rfrtlflril I'nliilr Arronnt inU
li.iite iiAWRnxcp. r. nitowN t m
SJ-,'j4lS RGAIi r.STATi: Till hi" Hi DO
JQMTUIATPJ AUII I l'li IM KNIIir
RATION ft UItl'UTi;i) nl'lTll'SIH
?vrn
rLUIJ
?&itf
M PRICES SOAR
E&TWHKN SH K'S I ( VKK SKLL1NU BY BKAKS
I- SENDS rORN DOWN
Eicreased Operations of Eng-
New York, Auc 3
The rmitinupil rooiI news fiom l'ratup tellliiK f the further ail
nncei nf the Al!le h ul n lnillish influence on market sentiment netier
u1l Imt Interests nlmns iilentlfled with the UuiK side of the market
hae lonK iiko adopted n polii of refiainliiR from msiiiB an operations
mi war developments, nnd there was no Indication of an arthlty on
Uieli part In this moinln'H trndiiu;.
The steel Indiistilnls were asaln inllui-nreil h the hcaul of offei
Iiiks, and it leiitilred onh n small amount of hujlw; l loom traders to
cause advances of V- to In that Rioiip
I'nlted States Rttel moved up H to ms and Republic Iron and
Steel gnlniil to OU with n modei.ite advance also In Haldwln Loco
motive The specialties vveie foiced into ptomlnence In the action of General
Motors. uhU.li losp 7 polntH to 147, in connection with the announce
ment of the notice to the stock eseh.itiRP of the issue of new stock to
complete the ali'-orption of the Chevrolet I'ompanv
Hums Rrothcrs was another xtioiiR specialt.v, movliiK up moie tlnn
1 point to the new high recmd of 140, and substantial gains weie made
In Industrial Alcohol and Olstllleis Securities.
Wabash pieferred "A" rellected bankliiR suppoit, advancing 'A to
3S. C.in.idian Pacific which opened at KilH, loe to 1T.2V4.
llelcan l'ctioleum was In demiml, makliiK a fractional advance,
and theie was active tradini; in Mm hie prffelitil which innRCil fiom
liC5t to 97V
l.lbeitv iionds demanded almost all the inteiest In the bond mnrltet.
The 4i,s langed from 'i 40 to 9.1 30 and the second Is vvete tiaded in at
03 BO to 93 fi.'
Alask Juneau
Allls-Chal Co
Am lee Sec
Vm I.IiihcoiI
in Smelt
Am Sum Tob
Am Stl Kdrj
Am Supar . .
Am T T nj
I Am Wool .. ,1HV4
Am Zinc Lend. IHVi
n.icomlii . . flflii
l Atchison .. i
Atl (! A V 1 I01V4
llahl Loco Co. . noli
II & O . , .14 .WVi
Ileth Steel It . 81 HSt
Can I'ae . Isj i.
Central Irfitlui flfltj, 00
Chandler Motor HII 9
Chi M & St V 44 41'f.
Chile Cop . 1(1 Ifliy,
Corn 1'roductn. 4.1 41Vfc
Culi.i C Sue . 30 t 30 V,
I)lst Sec n;if, .nfc
Hrle . . 14 I4!i.
(Jen .Motors . 147 tllU
il(i liief .... Mi 81 Si
'fjomlilch 11 V 4',', 4.1 (,
Insplrn Copper M .15
Int Mer Mar pf 115", OdVi
Intiinl I'aper 30 V4 1Mi
Inter Nickel 30 V4 30',
I IC.in Cltv South lla 17!Vi.
I KcllV-SpilllRllll .1(l'i A0l)
I ICeniiK'ntt Cop 14 31ni
, l.n It leel 81 81
1 l.ec Hub A. Tile SJ 1!
l.lK&Mvs T Co 1(11 101
l.t- III - II Co 30 .30
Not
chKe
Cloi
SVfc
.IS Vt ',
11
MOST CURB INTEREST
IN CHEVROLET MOTOR
lllall
.11
33
77'. ,'7-'Oil Stocks Generally Show
IJ.1M, ISJr. IM.. Vi I m. rrn-i !
xiuuvy iiiiiu; mini; itiiuiu.
Philadelphia Stocks
02
.18V4 1
0
.18
18 I8V4 'i.
n nnn !
81 8 t4
oivi 103V4 IV4
80')i novii V4
.14 ?
is V4
flflV4 ..
80 3
43T4 -
10
Shares Do Little
High
S3 Am Gas.. 60
10 Cam Iron 30
US Lake Sup
Corp... 10
.1 1.eli Nav. 00
48 I.eh Vol.. S7
m I'enna llll 44
300 I'lilln ICIec 34
130 Ton Mln. 3
inKirnt
700 U S Stl.. 108 108 10V4 '.
14U1V Ciamp 83 81V4 -
Nt
Ixiw rloeo rhKe.
00 no
30 SO 1
ioy io'4 '
oo o
n-iVt 'Vi
4S7(. 44 .
24fc 34 Mi
0.1 01 V
Total anlta. 1538 harr. comnarfil wll'i
33B3 Kliarm vrntrrdart thl vtrtV. 24,018
nlinrrai Insl nrrk, 31,010 slinrr.
New York, Aur 3
Jlost Intertst in the trading on the
Hroail street curb today was attached to
the demand for Chevrolet Motor, which
.. . ... . ttr . lis
roe in ine ursi nour iroin nu iu . iiostm
with the buvlnR based on the advance or uKh jjOW
6 points In fltncral Motors on tne Dig siooo Am uass.
exchange , ,.,VAep ,B
43t,4 ati, , ,. ., ... . ., ..,,. nf Tr 4s.. 70 70
3" jits Intention to Increase Its stock, which fl ' 31";.'' 0!) D1 on.io 00.50 44
'14 suPPO'cd to be the flnnl step before , (i 2l 4h 93.40 03.10 0.1.10.
117' -4 0 I nrranKlng for the ph.vslcnl absoriitlon of ( 310n do 4 Us. 05.31 05 05.30 .-0
81 .Chevrolet and a uisiriouuon ui im- nimi.Nnt rrop
70
Nt
Close hi'
70
70 .. .
1
. - . 1 ..tit. tin.-
I- l.eav, tone. nmouR the s.les being Pierce Wler.laVi thlVk. S148.0O0, la.t
I.1TC 14 fhtwrnlnt na.Alu
53 North Amerlcin Pulp was steady, with
2ili i J? 'sales at 4 Wright-Martin was traded
S Z. i 1 In at 9, to 9H Aetna Kxploslves was
17 ifc, quiet, but held nnn. with ales at I1i
inn. v. The nil storks general smuni
.nu. I-
81 nil at IT. (!len Itock at 3'4 and Sa-
pulpa at 7
Mlnlnir Kincks showftl little change.
Hiy Hercules beliiR traded in at 4 i and
4-Cs.. 33 S3 32
2000 Pa Co ens
4'4h'GO05 95 M
3200 Phlla Hlec
1st 5s.. 01 03 0J
LOCAL STOCK TRADING IS DULL,
WITH U. S. STEEL COMMON ALONE
SHOWING ACTIVITY OF INTEREST
I (IX
30
Vi
-
wrrk. SM7.R50.
Mi i otoi ,,4 'Vi ,.,, 1H Il-iy Hercules DeiiiR iraueo in ai 1 -..m
Mev.Pe.roi . 10 li!u U,C V "' '.""'A'" ntH1S0n,Cd"iS a
MIlMII Con Cop 28 J8 28 (- ArZOna flt 1 n,,(1 0,,, COP"0r nt
s'
'lkh Mills and Bad Weather
Cause Hurried Buying
iil..
rON BELT WKVTIIKH IIV1H1IONS
Br ?ew ork, Ahjc. 3. TIirrr hhh miiiip
Vaf.tMtfltritatlon In the ritKtrrn .rrltini or flic
K5' MHtim htlt 4lilai mnpnliir hl1 It u .
pr In the urt. I
rollon-lnc tfmiimiiiirrt wirt ri
t Knitxtille nnil jhIIIf. MI.
cnntfi. Atlitnta anil Mho". RK; UH
PKton. Harnnnli TIion.mslltr. Mtnt
lerr. irKhnitrK nnn iin ntftnio. . ;
Tfiort. I,ittlf UnrK. Tuiiiini .iml
Mntiiie, 7-lt liirlr-iloii p (trifur-.
arol. MrinpliU tint I 1 4trt smith. t
its ClirUll nnd (H.l.ilit.in i (IK. :S:
yen ton. 80. t
1ar irn .01 lm li nt nri lull if Inn nf
Bmlnxton, .02 nt Mno Isomer, .01 nt i
rlenton, .01 it :n naii. za nt ivn- i
ta. .22 nt Thomas IM. .) nt i.atirH-
F,tta.r.SS at Atlanta fimi ,'.'HI it nn Ma, i
I&?A&.f.t TA.k Ant? H rViMw mli'lPAQ
t":r:r: ...".;: .,
:v.tniui Ataiiviifier iiuiiiiK mil nil i rit-rii
&;)perntlons would be permitted in spin-1
g-filit'.3nHlsi Indicating larger eporl of
r, cotton from this countrj and a most
WnTMtarorablo weather map Tor the erup,
tf&CaBsed limrlei covering by shorts on
lfw,this;jcall this irornlng, and pi Ices of the
paicuve issues wcrt- .11 iu 1 ' puiois nei
f,S higher, with tr-e tone strong
' August, which was about 50 points
By out of line nt the end of jeslerdav.
H started .0 pomls loner hut this 11111
IAot attract attention
k.vi m . t .1 .'.PL Hair . r.u..tri .nn ... u . i. .
Liipiidalion of Pit Traders
Supplies Helps
Decline
(.It VIS IIM.T 11 j:TIII 1C l()lll(V'-T !
(hbuKii. mc:. .1 IIII1111N iurtl clmslv
tonlelit anil Miiuli. Iitstiiiilnc iiliorltlrd
sutiilm imrlli. '
VtUhourl nnil Kiln!!1. Valr ttiid lon
lluiietl wiirni IiiiiIkIiI mill iiimIi.
WNrnniln t usettletl liinUht 1'ml Min
ili. iirnliidih hliuuern north: wiiruipr
sniiitat.
VllnneHOtu I'n I r toiUlil anil uiiikiv :
wuruur eist timlchlt uulrr west fcnnill.
Iiv.i I'wrtb ilomh tonlKlit ami mi
ll t wnnnrr. . ,, . t , 4
Nerlh flul S011II1 lllkotl lair Innlclll
uinl iillil'l 1 eiKiliT,
ehrii.kn 1'artlt rlituiU lonlcnt iiml
MimliiM rnoUr toiilrllt
M011I111111 rulr Iniilslit nnil iii1i!
looler tnnlslit .... 1
WmiiiiImi IVrtb clemb Innldil mill
siinilu): nrolmlilv tliiimler bowers ev
treine Miiillir 1st.
' lihago. Voir 1
Selling I'V locil b.irs and pit ti.nlois
sent the com mirket off this morning
aftei It had been sttonger on buvlnR hv
leuling lommissiou and wile liuu-es
due to lontiniied lain in the Southwest
and piedli tinns for leal and warm
wtatlier over tomiiiiuH There was con
slileiable In hitatlon about follow ing ad
vancs further
The receipts hue todav weie 154 cars
August opened unchangid al J1771.
anil after selhig at $1 r,7 (Implied to
September started hi ii'"i
against $1 5'i. vesterrt.u s last
i-R":r, niine irurniiii 1 .win "l'""W 1 riw ....1 deeliuid to 1.iS, (liluoer
: ffp .(. ,nB . V' llio Lirpxl ualn ' - ,.. , ni .....,.-. .1 ..-111.
r"iT-'-- , ,1 t ---"- " opeuetl ai i io.h '" "" h i '""i""""
$1 S8 vesterdrt s last pure .11111 sikkmi
1 1
JLyrom -which level It advanced bv li 111s . j.,.,
'VrWiU lounda to 26 G5c, or Al points net ;. -,
ffO-i . .. k.i. .-. .. . . I.... ?' '"
J Philadelphia Markets
GH IN AMJ FLOUR
V III: V I - !tw-pts 11J M.S tiuhi In I'rliHH
Inn riu- .iiot itluiiK Cai IntH lii
purt pit a tur (lm'rnin'nt stanil in) lnt-i
tlin ntniiilinl prkiHNii 1 rul wlnltr
- li Nu tiorltiini Plirliiif $J 111 No 1
linril nlninr J I'l No 1 red winter i.ar
llik. JJ I" Nu J ml wliilir. J lii No J
iiiirtherii i"irlnB ' li. No J Imrd lnt-r
J J PI No J rul nlnter mirllikv .' .14 Nu
I rsl wlntir tJ IJ Nu I northern nrtiw
tJ IJ Nu I hint wlniir, -' I-'. .No .1 ml
wlnti 1 k 1 rlh U v. in
I (UtS llifilnt s IT I shi ! 1 raili in
ilow nnil IIih m ir. inier Quotatluni
' iir liil for loi il 1 li Nu J Mllow, 41 sit
M ss No 1 .nll M s-.r,, 1 mi
I I V 1 s lt i i lulu T ".II . tmihpU The nnr
ket wiii dull iiml 'ji lnw r iju lotion .No
J ulilli svisiu. "tin I ml nlillM Mm
S1' No I hit vl'-ms-.c No I whlli
Ml sli
I'l.tlt It -l!.i lit li.l linunils III
siki Tin ittitlol nun iiuU t with iiiuiilt
ulferlueH lit IlllUteil litlN (jnot ill 111s 10 ur
lii per UM1 lit. j n't'il in MS 111 nr 1m
Wllitir iieat nei inn per -tn Huh,
in7"i1rll KhiisikwIi t new Kill 111" nl
Hour ll J.1 II Ml unrliiK nlnai ukl Iml
litr lent Hour $U JIV II 7o
ltK I l.til'H "a- dull nnil 11u1l11t11.1l
Ve iiunte nl J'l 71 in 71 i.r 1.1.1 In c ok
as to 141 1 lit v
rnoMsioNS
PU( InIiiNn urrt In flr rfiiii-ji him!
rtuin klu N i rt llrmcr Juilatltnri iit
bpf In h tr finokid Miid tlr drt d 47i
tnt-rn liff. In f smoKul i't i't Ifff
knti Mt.s iiml timlfi-4 MiuktU tn.l ilr drifil
IM steni l i f Kim IJ. an I t nlr-
Miiml ( il -N) et f h huh ( norU fimilh
Vfl " li hiililw s I 1 lin il lou-e .11 if IJ
In -U'nii.it lui tt ''I (' ilu tli Mil.. K.il
i I'm 1 th r hititf fni(i.'il i lt 1 ur il if
to hruiitl iiml mm iko 1"Vf ik tilling
NinuKftl utHtLni 1 'in il tJfii Uf tu t.nliVil
lionpl liw pit ulr hhtiulilt r I t utt-it
lunse Jt'zt iln siniik il Jtti. U Hit rt In
plrkle j online t" nHnui l(o- 14i
brenkfHKt bit nil t in brutul juni artn;
It t uri il lit Ir lUftsl liat-oii tftBrn
url 41i linl v -t rn roMnoi .'T'iiJ7l3
lanl pun tlt ketllt remit r l 2" 'it JTH c.
HrXIM'.I) SUGARS
I Xllilvnle Steil 12
.Vat i:n A..Stul .11 H
V V Cult 71'
'Y N 11 II 10",
Vova Scotia Ktl 70
(Intirln Silver. 9
Pacific Mall 31 V4
Pcnni It It 4S"
Phil i Co . 38i4
Pitts Coil . 80 Vi
PteseU Stl Car 704
, Ity Steel Spring 01
Tt.11 Con Cop 24
Itetdlng . 87
Hep Iron 4. Stl 02
1 SincHIr oil 3104
I South I'ae 84 K,
I south Itwv 2.1V4
i Studebaket 14
, Te.ts Co I5i
Tobacco Pi od (10
Cnlon Padne 1J1V4
Cn Cigar St on
I' S Iml Al 17
I' S Stcd. lxi
Wabish . ''A
Wnhasb pi A IK
W.ibisb pr H 21
Westngh-e .Mfg 4 Hi
IVtlm P.. M 07
Wilson i'ii (IJ
Wllhs Oveild 111,
12
.1114
7114
111 '4
(1.1
014
11 Vi
43
38Vl
50' fc
70
01
2 17's
87'i
Oil.
3 1 Vt
84
231,
41
111
08V4
w
1M4 -4 Hi
71 '4 V,
III Si i
1,0 1,4 7
H' -t li
417
28 V. '4
30 V. .
(P4 4
01
1 1-10
The bonds were strong, with Union
Pacific Cs advancing to the new high
of 100 Federal Kami Land bonds old
at HiS'd
I'nlted Motors sold at .12 sa and 32.
IMIL'ITIll Vl.S
Vt
ISO 11. 131
08V4 0H'
U7Vi 1S7')i
iOHVf. 108
II Vi fl'i
37 37 If.
2.1T 21JH
HJi 41",
(II 01
01 i
10 IBM
11
HI
234 l'i
41
111
(18
2
f
11.1
Aetna Ciplos . . 13
Am Itrlt Mfg . 3
Am Mniconl .. . 2
21 '(..Am Writ Paper .1
H7 r Iteductlon . 07
li ' Can Car Co . 1.1
Con Car & Kdv pfd.. 80
Charionl Iron 7
Chevrolet Motors
(.Vamp
Curtis Aero
Caiwen Tod ....
Carbon Steel . .
HmerMJii Phono . .
l'edeial live
Hendee Mfg .
Lake Toip Boat .
I.eblgh Coal Snles
I.lma l.oco .
Malm Munitions.
I Mnrlin Anns
1 . N Y ShlnbuildliiR
Nor Amer Pap Pulp I1
(It Ik Klevator 47
II
in
Yest cloar
Att
'
117
78
30
(1
118
1
Id
. 5
82
. 44
41
13W
(1
73
45
Oil
8
1TI .
82
37
8
120
(Bill.)
VI Y
SM.
Local Bid and Asked
113
Todnj last
Hid Aak Hid
211 .10 211
21 2 21
llll llll'i '4
r,P4 5.1 :.t'4
MJ .14 32
11(1 UK tl
7 K 7
47 .'.II 47
HI l 1111. HI'.
(ISVi 'lOfc -i,,
.-,7; :,t r.7J4
' 44., 1!h
21'. 24'4 -'4'.
:si 2114 R'4
111 31 .11.
27". .".. -" .
S7H S7S. S7'
27 I , 2'-
2S 2s; 2S
17 .171, 37
111 (111 111
tos los'4 los
"' "' .1,7
lll'i 12 S0V4
30
211
110
17
14
(IS
s
411
Ill's
r.7.
41'.
24V,
211 '4
.11
25'.
87 '4
211
2 s.
17'.
llll
1(IH
II
32
Tnlul fc.ile. (IT. (10 1 share., roninnred Willi Piptlpu Mi, tot
117,100 sliure etenhit tills week, 1. 1(11.- 0ole yng
!(KI sliurrs: list week. 1.007,800 chares. ipI1(jt, prin k
I Scrlpps-Bootll
New York Bonds auT.
'.- I Subln lrltie .
Low Clce'St Joseph Lead
20
1 1
High
on 4
ir,
'ii
mi rrcorded In January.
Heavy covering from both Wall stn
jid western sources gave the maiket a
nerally firm tone In the first hour, al-
ugh toward 11 o clock realulng ales
rpeent hnvers for lonir act omit f.litil
ices about 20 points from the iikI-
advance of 05 and i'i points
Wlth no prospect of anv relief over
bnday in the Southwest drouth situa-
on.' and. with tne possiMntv of impoi-
fytt. developments during the next fortv-
hours, there was little ulsimsitinn
ell for a reaction.
IXhere has been a notable increase in
de buying; and sentiment in some
re heretofore bears appears to
swung sharply to the bullish side.
V -C Yelterdaj'a .
iUtl.r-IK nlAa. Iln.11 lllth Iu 1 .1. ul
f'r'iuiii.l 27 111 211 311 2(1 so 2(1 75 SO '
7vlE.k. "11 4 ( Jll 411 JI1 711 ll 711 Jit 70
aarx .. 'i1' . ...i "" i'.j
ch 2.1.40 21.211 21 HI 21 to 21 'i
n. 2.1 .IS 21 2H 21 10 2102 21 III
ember . . . .2.1.71 21 us 21 os 21 ns 21 ill
i.mh.r ... .2d 4 . . . ...
m
afr
1000 Amei Agi r.s
r.Otlfi Am Agi di W 5s
2(11(1110 Anglo Prch 5s
Jtilioo Am lot sw is -ii .
liinu Am 'Id dt Is 77
1000 All Co I.Iih 4s so
r.iKKi UK.li Is 7S'.
1000 11 & O 4 75'j
JOOO 11 .V. O cv 4'vs 77
f.OOO Hetb Stl 5s H, SI i .
"iiKio Itordo lis 'I'1.
lomiCint l.thr -Is si",
20110 Cent 11 It I
5s 101
limn cih a. ii l '. "i.
1000 Chl II 'ii Q 'HI.
5000 do gill Is "'!"
10II0CM&SP iv I'.s 71. Th
11100 ('III IlIAM' 111 4s r,i
ini citv t Puis i.s 'io
12000 C,t Kr ft 5'ss 'IRlj
lHioo int Mil 4'2s r.i
2000 lilt It T let 5s 78 ',
10000 Int M AI.tr f.s 00
moo i hi n i; s 4'2s so1.
2000 l..ueile (ias f,s !IS
'131.
95
IIP,
80
7R
Tit ,
SI .
l
"1
101
76
1.1 1,
711
7fi'
87
8'l
'IS'.
50
781,
'Ifilj
SO 3,
'18
Id
I4H
70
.li'4
30
0'4
'i3i4 ToJd Shipbuilding
il Triangle rilni
Mi, I'nlted Piofll Sh.u
17 1 I s steamship
77 l'nlti il Motors
xo I'nlted Sugni
78 Woilds I'llin
7Bi Wiigbt-Maitin Alt
77 " XillL Concillt
"l '-' STMI Mill on
MM.
i.i Illinois . Kit
" Ohio . .. 12J
Ptalrle Pipe . - i
, S I) C.il 210
S () . .1 . . a
s o . . tii
20
iVi
N81
40
81
40
4
53
III
70
12
28
1 Ml
0
17
1 1
81
V4
0
31
H
0
2
5
10
101
108
31
.200
'in,
7 'I 'a
71.
1.7
Rt S
'18 it
10
yo
80
IX
lMll.l'IIMIIIM Oil. STOCKS
Amer Stores . .
Ilrlll J U
Iinlilnln ... .
Klec Storage ..
(lenrral Aaphalt. .
do pref
Keslonp Tel ..
do pref
Lake Sun Corp .
Lehigh N'av .
LehlKh 'alte
lVnnslnnla . .
I'hlla niertrle ..
Philadelphia Cn .
iln II t pref
Phlla II T t c.
Ileaillng
Tonopah llelmont
Tonopuh MlnliiK . .
t'nlon Traction ..
t'nl Claa Imp . .
I' M Hleel ..
7'ork Itnv
ilo nref ... .
Wm Cramp Sona 81 82 SO
PHILADELPHIA INACTIVE STOCKS
Following are quotations for Inactive
stocks listed in the Philadelphia Stock
nxchange and In which there were no
transactions today. The price flven la
the last previous close:
A a war 1 Minehii! 52!t
AmerT &TC 95 N J & S ?V4
Alliance Ins .. 19V4 Northern Cent 71
Amer Mill ... 11 Nor Penna ..
Amer Stores.. 29 Penn Salt Mfg 85
A.mer Strs pf. 92 Penn Traffic. 2
Drill .1 G .... 25 Phlla Co .... 29'.4
Cam Steel ... 131 Ph Co 5 p c pf 25
cataws 1st pf 52 Phlla & West
Cntaws 2d pf 54 Pitts & West. .77
ConTracNJ C6V4 Phil NBkvvarl27
Crucible 7 b Phlla R T ctfs JGVi
nieo Stor ... 64 H Phlla Trac... C9
Erie 1694 Ray Cons ... 24
lien Asphalt, n1'. Rep Jr & Stl. 11
llttDT... 10 Saxon Motor. 7H
lit & D T pf. 17 Ton Bel 2
Ins Co of N A 20 ij U S Steel pf.110
Keystone T C 7..i On Co of N J.135
Key Tel pf.. 48 I'n Ion Trac ..37
Lit Bros 25W Warwk I & Stl 814 .
i i.en vai ir. . zo vv J &. nca.. jss
Leli Val T pf. 27 Westlnghouse. 4 US
Little Schuyl. 48 Vork Rws .. 7'4
Miami Copper 29Vi York ltys pf 31 'b
LOCAL MINING STOCKS
IO.NOPAH STOCKS
II
That Issue Closes Lower Cambria Iron Gains 1
Point on Small Transaction Railroad Traffic
From West Still at Capacity
Stock trading continued extremely dull again today on the local
change, which was a condition to be expected because of the absence from
tho city of many operators, who have gone to the shore or country for the
week-end, nnd tho dullness shown for several days.
Steel common ivas about the only Issue (o attract any attention. It was
fairly active when compared with the general list, nnd. In line with the early
position on the big board. It was firm, but later yielded slightly.
Cambria Iron, on a small sale, advanced 1 point. Lake Superior Cor
poration opened unchnnged, but closed oft Vt, Lehigh Valley was unchanged.
Pennsylvania gained a fraction, while United Gas Improvement yielded Vi
and William Cramp lost , which was recovered at the end.
The activity of Liberty Loan 4Vis was tho feature of the Government
bond market. The 3V4s jlelded to 99.50 and the second 4s dropped to 93.10.
Pennsylvania Company consolidated 4s, due In 1960, declined 6 per ccntj.
to 95.
The York Railways' earnings statement for June and seven months,
w hlch come out today, showed gross returns of $83,009 for the month, a gain
of $644 over the corresponding month of last year, nnd net income of $7124,
n decrease of $7432. For the seven-month period the gross was $630,784, an
increase of $24,622, while the net Income was $114,363, a decrease of $17,339.
The company has made plans to lhcrcase fares this month on the York
city and suburban lines, and It Is probable that there will be Improvement
In the net showing hereafter. The decreases In tho profits have been due to
increased taxes, general expenses and Increases In wages.
Omcials of railroads operating eastward from Chicago and St. Louis re
port a steady volume of tonnage which engages virtually the entire capacity,
of the roads. There Is no particular feature to the tralhc situation, other
than that which has prevailed during recent months, except that tho distri
bution of freight Is perhaps more evenly taken care of since Government
control has obtained than heretofore.
Business n the Industrial sections covered by these roads Is In a fairly
healthy state," except that there Is a general shortage of labor, which cur
tailed activity In certain respect.
Ofllclals of southern roads report that tonnage Is considerably larger than
a ear ago, but because of existing railroad conditions they prefer not to glve
the actual percentage. Business In the South Is active, and during the ivar
period this order of things Is expected to prevail at least. ,
GOSSIP OF THE STREET
BROKERS FIND IT HARD TASK
TO EXPLAIN LACK OF "PEP"
SHOWN BY STOCK MARKET
Bamett O .1 (7...
Cisden Co. . .
Klk Basin
l-'edeial Oil .. ..
Inter Pitio!
Houston Oil . .
Merrltt Oil
101000 1,11, lliiiid 4l4sllll.ll" I'O.OI 00.00 Midwest Refining
I8HII0O ill. 4. . 015(1 01.48 01.5; Met Petrol ..
2000 ibi ll 4h .01.31. 04.12 0130 O 1 o I lie! .
7880(10 do 4,s . .115 40 0.1.J8 05.40 Oklaholll I Ref
11(10(1 do Isl 4'.s 04. .10 114.28 111.28 isapill 1.1 llll
Hie mirl et H
I aula uf 7 10. f..
h quiet hut tlrtn
lint rrmuUtid
I)A1R I'KOIJIH'.TS
to $1 57
Oats wen vv, iku on "elling bj le id
lng ( isb and elev.itoi interiMs l.ocil
....i...u .kn fjii.rp.i tin l.int side, be-
li- iniliipneeil bv favuiabh rains In the i. v jiti.
i..ji.it.in N'orthwes and ei ellent condi-I lllTHlll
tlons for harvesting elsewhere The le-
eeints here ttx.av were 101 cars -iv liUh. r srnrlnp lii.oiln nifli s( i trn
Allirilst oil. lied dill 08 V Hgllllis' llri.li. Il'j, llrata 4 I'i W44f ar,li.I- 42
, i . . . ,,.... " lit. iiiiij iirHiiii". ui prima jo.x.ini. hi
SOJJr. emul.iv lsl price iiml 1 a H . ,,,, ,, ,,,,,. ltl -(1X 'tiiir tu MUK, u
Hi;Hi: IU mukpt ruleil n linn
tintlcr llht ottf riimH jml it fnir di inatul
I oUowliiK" were tlio jut ttltms New 'Vork
whole mlik fancy, fn -li JU1 li .U,c mf
rlaN IUkIiht. iln tlo tnr to kok! frHli
ES'ri (ft JM Isf tins in wholp-m'lk fain
in u iHir to con i i ii :i r
1 lit' iiurkot iiH oiiii l I ur
ofM riiiBH t ri' llKht ami irlfp ruh 1 firm
Juot iiiims S(ilnl park l m ainr tr
f,
Financial Briefs
sold at OS1.!, September startid at fisi
iifiS'.c. against t&';v at the end ve
terdav and later sold a H8c Oclobi r
opened at 68a i 68'iV. against CS'aO at
the close vesteidav and I net sold at
The weather In Argentina Is clear anq
cool and crops appeared to have been
Bieutlv bein tiled bv leidil rains
Itecelf s of wlieat at Mlneaimlls and
liulutb lodav were 20ii cars, at Chicago
6'i'.i cats, at Winnipeg thirtv-flve cars
LIVESTOCK QUOTATIONS
(llll III.., VUK 1 II1K1". Uwellila HIlKI
hjil left over mill. h'''l Vlarket In. 1..
"0.- Iimpr Hulk Jls Jltfltl Ml iMitilnra
hrav. llll lKllH 10 t"'a llll 4i I'M, .
narklne h-at Jlh lull IS l.ll inlx.l iiip.1I
urn llhJUil'i U.'til SIIII1M10 71 I'tsa
117 7",rlH .Vi roui.li 117 711S
I'ATTl.K lleielnta lllllll lienil Stenlj
HIIIU: UerelptB lialo hejil. lllri.i.1
st.
I SOU
I oiila, Vuu
VlarKvI
I
SlThere waB no session of the London
JKelt Exchange or the Liverpool Cot
WiM Exchange today
Bfc (The New York Subtreasury galiud
!w 4,288.000 from the banks jesteidaj
.715 , nHn.u ..n ..- . ul.lnu -..1.1 ' ll. ll'.il II, Til
i aaakXlIlluiii inn" .... nt". p.v,,.-., i...r.h.. .... v.t...- .--
sifins. eiiiireiias. iieer .11111 t ik " .'-
nxed bv the nr'ce-fixing cxiinmlt-
of the war Industries hoard May 1
.-t Trinin in ion n limn iiiriiiHr
lc. the board announced In Washing- u in to. kera and W;'.", 'J.'l'j1
(auajr. laAiixu... ,.. o .... ....ri.ui. ..... i.-m.r .,
ror AUgusi, neiuemoer anu liciooer "-sni..pi'K-.elrta JM pa.l Lamha
iment, the board announced, will ap-, Hi7 ea linau
to stocks on hand and shlptnents
lor to August 1 Kat lluffulo. Auk "1 OVrTI.K KeielpU
' Tr.n. Mtpativ
.-W.i . ... . . . .. I AI.VKS- rterelDta 100 .naler J79T1S -.(
fW
1070011 dt. til I"." U.I-54 IM.40
lllllll M itselll. s I.s !)3'j '.Hj
8000 Lv oils I.s 91 ''3
8000 Mo I'ae gen 4s D84 58
1000 Mon Powet 6s 8'i 8')
1.000 N V C II us !I4 Olla
1000 do 4s . 77 'a 7 7 "a
JOUOX 7' N H & II
cv J'jS ... 51'a 51'd
.1000 N'or P.u 4s 80 v 80
1000 Penna 4s '48 84H: 84'j
18000 Heading 4s 83'. 8.(1
1000 Itep Ir H St 5s 'tt !IJ '4
soon Slnclah oil 7s 'ionH 'ioa
nm. 11 s.sh A L .il 5s 51 53 '4
1000 Stb Pai iv r.s 'io',, so', 111
IOOO do cv 4s . 7'l? 79 'a 79 '
1000 South Itwv 4s I, .tig !..(' I.I'.
.7000 do 5s 88 5,, 88 la 88 '
40000 Teas Co 6s '18'i 18 H8i
jooo Third av ml tu llTm 14',
1000 I' S Itubbel 5s 80 80 80
.tOOO I' S htl S P Ds 'l8? '181 08
11100 Cn Pac iv 4s 8 1 'a 815. 4 S
1000 I K' nf (1 1!
&. I 5s . '11 'I'1,
18000 do 5'is 111 l'l 98 98
JJ7000 ilu r.'-s 11 'l' l'l' j ''''a
lcooo do r.'si ni-'i ''51. ':
. V4
. OH
314,
. 18V4
. 70
. S4
.111
. I'i
. !-
. '
Vt
in
jy.
mi
7UV4
25
11.1
1
17
iVx
774
llltl llutier
MiieNamara
Vlldnaj ...
111pah Lxt
vioniana . . .
, .11Nh .star .
I JtOBlun Kula
VV eat Knd . .
I'I
11
01
11",
.10
UK
nil
1A
(SOLDI II5I.U STOCKS
,.
I,
Hi .10 .Seiiuov.ih
H. Mncl.Ur i
J-'J,'4 1 MIMSd STOCKS
89 Atlint.t -. .
'1 1"8 Big Ledge
7714 Hutte N't w Vork
Con Arl
51 C !' S & .leioine .
80 'n ' First Xatlnnal
8ij I (loldfltld Merger
8 1'. j (ioldtleld Cms . .
'U1. Coldtleld Florence
noldfleld Kewanas
hlKt week, H77.407.OOO.
MONEY-LENDING HATES
n; in.
Kills Hi niarktt rulr.l firm nt Hi.
aui.l.d. Mf.l . li ,n"i1 1111 Til., iiuol 1
control wiiotillon rnt, cjae n nrn
Orita fl'I -tlt 11 ".0 r atimlHril is. itn
mil i" ll.ta l J ti lii 00 pei ins wfMiHr.i
extra llrata 41110 pr tase, llrata. IU 711i
IJ Oil pfr inm fano aplnti-d kh wkh
JobblnB at .'.oil ".Jc jer dii?en
POULTRY
I IVB I'OUI.TUV 1'i.wla w mi. I mil, pull ADKI.PI1IA Call, 0 per cent ;
u.i.r .i.rinu- i hiri.tirt upri in 1......1 ii I i.a nir. fn) G tier cent. Lonimerclftl pa-
imnd and ilrm cjuoiillona Inula .Hii 't liroe to six months, 606 per cent;
!1r sprlnir tlilil.ins nut l.ei,iiirna VViliili !r1J',,nihs fi ner cent.
tn Is. 'II J Ilia aitlfce 4IIW l.v welKliln 1 fn
IV.. II. h iMilete .1IHI ISr Willie l.i liorn
aitorillin; lo fizp lldl I7 ltoolr I'tGi
jdt Dm Kh Pfkln snriiiK .11'" lit .1.. do I ncr. Hants DiM'oiint Rates
old I'sinot do ind'nn linnii. r iuu7i , Iveservc nanKs imiouiu nans
llulnPla i.riu.r II liUCI I. V eons nl.l
pr p.ilr 101 lie do, joitni. pet piir Jsfft
in,
1.1 i flreen Monter
IU c I a .inning
Howe Sound
Indepemlinre Lead. .
Jetonio Verde
.Urn But h i
Jumbo Kxtenslon. .
McKlnlc Darragb.
. Magma ( oppei .
.Mothei Lode . .
i MinpQ Co of America.
91 3. V. tn.l.. mils
PB's
9'U,
934
4
I
Vi
114
I
14
10
4
n
4
1
iv.
3
,"
12
.1
Atlanta .
' Klu.. Hull
i llooth
1 lllnmf II H
H. l)ll
J Kcw maa ... ....
va Hand Krn
I Siller I'lck
UISCKI.I.ANI.OIIS
Arl.nnn I'nll.l
It Sevatla Wonder...
Tetopa JllnlllK . .
4'
4
.1
78
12
18
.11
31
IVi
A
1
Hi
2fl
lOi
.IVi
l'
.III
111
til
iu
oj
04
III
1)4
.11
.
.IJ
Asked
.01
11
llll
07
.11
111
11
IV.
Ill
III
llll
01 I
(I.I I
nl
111
ll
Nevada Wonilei .
Xiplsving
Ohio Conner . .
' Rav Hercules v
Total aalra. i.8l J.IMIO, (aininirril with 1.- San To) 0
O'll.OOO seiderduvi this week. si'l. 11011.000; Xonopah Intension 1
... ..--L li'.T.iHT.IKH. ...... 1 !..
Cnlted Verde
West llnd Con...
White Caps . .
Vei lngton ,t ....
.10 V4
li1.
28
.1
HO MIS
Bethlehem Ds 110 V4
Cosden Oil (.8. ... 70
Cosden & Co lis .... 7U
cudahy Bs . in
Itusslan Oovt 6'2b .. 54
do 6Mis 00
Southern Itallwav 5s 08
otnclal discount rates at the twelve i sindalr Oil Cs .. 71)
- I
4'f,
4
Vi
All
14
4J
33
37
1V4
lo
l
8
IVft
4
10
U4
37 Vi
I ft
30
oo-)4
81
81
07 V4
.10
.18
118 V4
81
llll
N. Y. BANK STATEMENT
i Loans Increase Average Reserves
Gain, Rut Actual Drop
New otk, Aug 3 The Xew Yolk
bulk statement for the week showed
gains lu average and actual loans and
demand deposits Aveiage reserves were
lanrer, but the actual decreased.
, AVKrlAOU
Increase
(lli.410 0011
Ml
4V.
10
Hi
ti
1KX1S Itettdplx
III. higher I.Uhta
piBH $18 lllOlll 'JI mixed
ill loll 1IM11 Knot Iihi
llll mstll) 07 hulk Jl 4II11 111
CATTI.IJ Heielpla 1IIIMI, atead Satlie
Vef atrera Ilimiilsi'l jearllne l-er
and heifers 10 II Hi 1.1 .111 tows u'
IllltLe
f.vder.11 Reserve binks vere ns follows: , Todd Shipbuilding Cs DO
Ultr-sl.D Tlie mirl,p rultd nrtn wllli (The flrst column gives tne raies ior ,
supplies will i learn J up iiie gnu u j nPri0ils up toand Including the nr-,
Vt?r ,&yu frt.S.v,,,:, lt ,.t,,-tMKcSav.forTht clearings jump again
a'Te t .iW""...,. '. "lild !h.rrdlanfl "four'th' rolumny are ..he rates
roomer drv picked JSt lirolllim i lilrkem I for ledlscounts ni collateral loans bl
wntern fnniv wtUhlnn J IL- and mer (.tned by Government bonds or notes)
Coml paper clov t paper
1(1 Io 00 10 to 00
1.1 data (1.. 3 1.1daa dava
apleie 4I1(14 amaller al s llltrije
aprlne dueki Lone Ialand nnd ! nnsvlviinU
SI'j li lit" anualia lii r ilon n white welili.
Inn 114MJ 10" Per dozen Ssff-J". do
nelahlnu: IliMO lha per dozen $7i?7 ".n do
uelehlnz a II a per dozen JiiWil m ,io
weiuhlnK 7 Ilia per il.xeti $4.".oiir. do
vvelehlnit ilfKI'4 ll.a iwr dozen Jiff! do
dark II Ml t? J '." do amall and No 'J Jill
U
l'RESH FRUITS
m
rnmmerrlnl fallurts tills week In the
.-."Bolted States were 113, against 10J last
ii'?w4H!aT. 180 the preceding week and J47
0JL- .. ..JIn tti.eU List inr Wall.
jsures In Canada number in against 11
Wl-iltw week, 17 the preceding week and 17
ft": Met year.
ISrransfer books of the Lake Supeiloi
Z MrDOratlon will close beptetnber 11 and
tjacn October 3 for tne annual meeting
rm Be neia uciuocr -.
Philadelphia Arrivals
S'J nt New York Hotels
a
I a lew 11V
HOdS lleceipla 110(1 Btronu Ileai
, $jn 40b 20 71 mined torkers llalit vorkera
I and piss $jo 8ijo mi roujlia $isiisj,
alalia S126C14
SIlKi:i' NI) LV-Mllh Rerelpta 1100 ae
I tlie ateadi to alrone Lamha $llf IS
5arllliira, $1(IM.1 wethers M3.ill 14
Ivnea $11013 mixed aheep $11W11.,0
I l'lttlilirll. Aim 3 HOn Herelpta
, JOiiO ateadi Heaviea $10SII2ll henvi
liorkera i.'ii mojii Hi lleht orkera $joi
liii i,la. $JiiUJ0Sl
.SHKni" ANI I.AMII1 Hecelpta 'J(l
I ateadi "op aheep. Jll ", top
CALVES Itecelpta, 100,
118 50
Hnaton J .".
New York I ",
Philadelphia ..4 4, 4
Cleveland ... 4'. 4 . 4
Illchmond 4, 4".
St Louis . 4 4J. 4
Mlnpeapolla 4 4'. 5 4
Kanaaa City 4 . 1
Dallaa 4 4. 5 4
San I raneiaco 4 Is.
Hanka' Rusineps This Week Above Pre
vious Week anil Last Year
Bank clearings throughout the countrj lle required
for the week ended touay toiaieu t),
283.708,040. against 16,146,947,741 last
week and 15,083,250,418 the correspond
ing week of last year.
Details follow
mis llll 4 1', c
loina 14,402 'J'lil lino
Nt t demand tie.
posits t.7 1100 111.0011 47.879 000 '
.Ni t lime d-poslta ItlJ.SlO.OIIO 1870.0110
Circulation in 508 (loo '.los oou
c.iah In vaulta .. too U15 lion 1.017.000
Rcaervo in mem
ber ImnlCH 525 004,000 14 051,001)
Hi aerve In State
hanka and trust
rompanlea ll.JBOOOO '78.00U
Ittaerve In Hlale
l.anks nnd trust
romnanv denoal-
toriea 7,07.1 000 220.000
AKk'regate reaerve 141,8110 000 14,100 000
Ueaerve required. 478.101.7JO II 2118 0(11
Surplus 1111,7114 280 7,0,M3(I
Decrease
t United States deposits deducted, J421.
121.000. JSpecle IntludeJ. 103 153.000
ACTUAL
Increase
I.an 11.304.524 1100 $13,207.00(1
N'et demand de
mand 13 015.044 000 39..1JJ 000
Net time, dcpla. HIJ.818.OOII 418 00(1
Circulation . . . .11,780 000 l,lii7,non
CaBh In vaulta $117,105,0011 1 087 000
Heaerve In member
hanka ... . 515,35'J.OUO 'I'J.'JSJ OO'I
Heaerve In State
lianli. nn.l Ir.iftt
comnnnles . . til 174 00(1 123.000
Henerv in State
banks and truit
compau:. uppobi-torles
Aegrecate reserve
FOREIGN EXCHANGE
New Vurk, Aug 3 The feature of i Jj"
the foreign exchange market this morn-i"
ing was the strength shown In French El
4'.
4'.
4U
4'.
4'.
4'.
4V.
S I -N' v
4' I Chit .KO
I'i I I'hlla
4't I llnaton
I Kan c ity
St Lnula
I San Fran
I'lttaliuriih
IHtrolt
I.H.tl...... "
N Orleans
8 044 000 477.000
514 .177.000 11.UJ8 000
4711.144 810 1.JJ1 1J0
5.1.2 IJ.1IIU 17.151. 3J0
4'i
178 0J1.011I
1.10 J71.771
84 7J8.100
II 4 .Ul 088
5(1 000 000
.Ml 11111.780
IJ 4.11. .101
(xchange, cables advancing from 5 60T
even cities , ., ,, ,, ... . , ,
das $l,l.a,i.ii,-wi M.I...-......T
li.n.. Albert.
4IU.A. Wallick
Svat Dreilln. ,
iX llooth. Park Avenue.
J. A. Clark. Park Avenue.
. Dunn. ui"1.
M. B. Franue.
Hrealln
hev'lar. Aberdeen
Oerler. Aberdeen.
UHlte. Mreaun.
. u.nfnrrt. Albert.
i t.nC.Afi Iirtalln.
K. MefeUdr. 1'ark Avenue. t
rttanlXVamck.
Murtauifh. Marlborousb.
wen. Union Square.
- 'irrr
ItX. WIJ onu..
!iraua VrIIwt-
ison. mini'sTi iiiu.
HenkeL W.lllek.
II. U Henkel. WallICK
jC. C. Keller. Qretorian.
t xHIDjeri. ..m , .-.
urnu.
uri". .
Jiianaera.
son. Flundan,
nar.
T- - , "i
;;. -.
L.y--.ii i'tr rj--r
lambs
active , toi
DIVIDENDS DECLARED j
.niinnnr.! Motors Corporation, reaular
uuarterly of 1W per cent on tho common
stock p-ivable Aucrust 20 to stock of rererd
I it nrothera Corporation semiannual of
.1 per cent and an extra i dividend of 2'4 per
rent payable Auiuat 20 to alockholdera of
retord Aumiat 0
Oil Company Expands
rittaburcb, Aug 3 Stockholders of
the Pittsburgh Oil and Cos Companj.
meeting In Pittsburgh authorized an
Increase In the company's capital from
l" 000 000 to 13,000,000. About 1512.000
of' the new Btock will be Issutd at
present.
CHICAGO BUTTER AND EGGS
rhlrazo, AUK S IIUTTKR Hecelpta
6802 tuba Quotatlona uncnanifrd
EQCIS Receipt., 10,115 caaei Quotations
unchanzed.
CantaloupeM vsre easier auppllea 1 elnie
i. .. ... ........ .n.l.a o.nl. il.hu. fpi.lta
were aenernlll ateidi cluutationa Ap-
plea Vlrulnla per 1,1.1 IJ indil do per
'. bushel basket 5(h ( $ I 71 do per liuahel
baBket $1CJ21 l'eai h a (leorvla per
ubaakit larrler Hlbert i J-.oJi3 71 do
do per bushel-banket $J ".OK I 7.1 do North
Carolina per ilhtskel .arrler Belle and I
KIberta IJ 50 W.I 71 do Tex is Elberla
per buahel basket IJ 111 3 Lemons, per
Imix $4 .mfu (irmuei. I'aitrornia
!. tit.-.nsJii Uranefrult uer Iwx. una ( xcnnriKc, t-ouin au........-, ... . i n,h -ni.
ilnipeB. California, per 4 baBket irate, $J to 5 6'Jti There was a rurmer ai--j".' 78J,49.4S0
HI I ill rears cauiurn.a .er ,.u, ... nCe Ol o pomls 111 fciiniibc "i, niutn.
4 riuma. California ijer 4 basket crate. I j , gpanlsh was easier
$1 HKOJ .10 Aprliot. California per crate, , ""il1' ,",'," -
IJO3.10 Cantaloupe. North Carolina i-r Quotations were ,,,
Irandard crat. $1 2 iff I m do do. per Demand stet ling 4 75 B-1C. cables
pout rrate 1W1 Ji do do per flat crate 4 76 7-16, sixtj-da8 bills 4.73 and nlne-
.-.(ism.le. do. do. IlilKHais per atamlard ,,.Hai lillls 4 71
.r,.';,.,-,,, J." ,.'",. ..,1 ":r,po,ni: ',?lS ' rrane checks 5 71. cables 5G9V
.1 .1, 'I l , '. '" ..VI .....- I..... ... ."!
nAe .tnn,l,rl trtt II .10 fl ' 50 do. do
per pon irate, $lJ13o do California.
Turlock. per atandard crate, $l4f4 10, do,
do do. per flat crate II 501 71. do.
12.770.310 070 12.787 H8J.21S II4I,.., Inveal
43J.54J.21l 397.0S7.77.1 8 8 ' ' J "' '"V. .
. 321.III17.R10 279.040,314 14 7, , jold. . . . .......
243 781,184 234.297,8904- 4 0 currency bank
Surplua
Decrease
UJnlted States deposits deducted,
0011 000 . .
JSpecle Included I0J,2S0.000
Ot'TStDE HANK RTATBVIENT
MAir. iiAAivn
$300,'
13J.108 (17(1
101,870 llll
81,310,887
04,0011 Mll-fUl J
40,511 (1SS 7 1
311 20J..171IH 7
31.877.110
$400 280,100
l.',U31,4UII
n. , i V u. . t..
"J " I notes . . ,
-7 ' i Di iwalts Federal
" 4 Heserve nank or
31 1
New York .
I)t posits ...
Hi aerve on
poalt . . . .
I I'errentaBo of re
serve
di-
24,282.100
48.057.700
574,003,800
100 081,700
Arizona per standard irate MSll. T.O. do ,
do per Jumbo crate $1 do do. per pony
rrate II J1W1 50, do do per flat crate
(KlltiKIc, do, Arkansas, per standard crate.
IJ6.3 -Watermelons Southern, per 100.
I30&75, do per carload $1508375
VEGETABLES
Fine slock wai eneratl firm undvr Mzht
nrTrimrB hut demand wan only moderate
Quotatlona- White Mtatoea, Norfolk, perl . -, .oday compared with corre
bblNO . J. w,., - -V .nondlnt- dav laat two seara-
11118 1U17 11)10
rtO .. ..,-. ....... v.-u-r-. '.- ui,, I. frJl rtSn "3i llnllrlav Ifi 07 43'
potatoes, Jersey, per , -buanei lia.Kel Mo ;'",- j,, ,iin Rim
1 WlcOll.No J.40BII0C ee; polatr.e. llloaton k rJS SiS'oiS
Jersey, old. per hamper No 1. I2,.10ll. . ew I K .iuu.iioj.ojo
t-ft i 11 .lOI 73 Sweet notatoea. North I
Carolina new. No 1, in8. No. .2. $3 50
T50,da,a." $5 200 228 277 14.812.793:797 8 S
Yd'.1,'"- 1.077.481.203
u a n fi.
615.408.14027 1 menta ..
Hold . .
current y
, UIHS .
Deposit H
870.450.021 23 8 i
2. 4
TRUhT COMPANIKS
inest
,, ... I1.H14. 417.00O
10.30O.50il
bank
., . 10,707.700
Federal
Daiari a Ilink nf
New York 191,100.800
, . ,2 'Deposit 1.000.133.300
...i ..... j . nos ojn.nsj-lO.n i Ittaerve on de
ior virtu --... ..... T-. .- -. ., ...yr...
REDISCOUNTS UP AGAIN
(lullder checks 81 ',4, cables 52.
Lire checks 8 oi, caoieH s.ou.
Swiss checks 33.95. cables 33 93
Stockholm checks 35 46, cables 35 85
Christian!?, checks 31 30. cables 31 70
Copenhagen checks 31 10 cables 31 50 pe,eral Reserve Rank. Statement Shows oofd ! . .' '",' iik'ssl'lbou
rrspini. t-iirc-r.". u.w, ..auic-n .u wu ii urrenty uu.
Huule caDIes were nominally quoieu i more ioiea iiuua,.,. i nous .. .
.1 iiiin ... ' LlepoBllB real
av io.vv . , f-.,llrft ne the weekly Tnurv. itunlc
;S8.471.000
18 8
14 184,300
374,800
0I.J00
5 000,100
8 2311,3011
5 031 0UO
.7
137,011 40.1
73,300
7.1.400
58 045.J0O
3.548.9C0
Percentage of re
serve ,... .
STATU HANKS AND THUST COMPANIES
NOT HKlOHTLNO TO CLEAH1NQ HOUSE
l.uni, -. .""- ,,,,.in
BANK CLEARINGS
Bpondlns day laat two aeara
iui
Hoik
48 1140.300 Holiday 82.820.504
I
0. No 2. $.1 vittd 50 lettuce. New YorK
t'rate, .."vi... .'" m , ..n ....
6H 50. do, Eastern Shore, new. No. 1. 7
per
GOVERNMENT BONDS
ner buahel.uaaKei, ., onv. .a wniona,
Jersey, per K-uushet basket. $1 3101 no do.
do. white, per buahel. hamper $J.50ff 3 50.
do. per lOOdb. bas, $3 50O3.7.1
Hid
Sngar Prices Unthant-eil
Xew York, Aup. 3. netlnerl sugars re
fined unchanged at 7.50c tpday, less 2
per cent for cash. IUws wer unchanged
Ctt.M' i U
BAR SILVER
New Tork (ets ,
London (pence),.
Today
.. BBS
.. 48II
Tea
mi
48
1018
Hlah I-ow
;s
.n n
2s reirlatered 1030 98
. mumn 111311 .. . UN
.1. reslatered 1018 no'.
.1. coupon HUB .0".
4a renlstrred 1923 lonu
la toupon 10J1 .,100V)
3l resiatered IIIIO 81
3s coupon 194a ...,....m.. 8.1
Panama 2s treslstered 1036;., .. ..?.. 98
Panama 2a resiatered 1938 ...,...,., B8
Panama 8a reaiater.d 1061 .......... 85
42V; Panama. coupon ..........
Federal
. ... An.... nr tl.0 M70OUIV n......A ii.nb nr
.n UIIU3UUI icaiUID ... ."- '---- lirw.,- i.m.. --
statement of the local Federal Reserve New .!
Bank If the nbsence cf gold coin and Total deposits. ..
certificates in vault on August 2 Th ,1s '.."JVe on dV-
Item, which formerly figured in the mil-; ,M,t
lions, has in recent weeks dropped to . jvrientnse of re-
nnmlnal flirures On July 26 the Item strve
stood at 1644,105.
Total earning assets made a new high
record at 199,585.579. as compared with
197.799 69J on July 26, showing greater
borrowing by member bank?.
To al reserve held against net deposit
and restrve note liabilities was 62.4 per
cent, as compared vv 1th 62 6 per cent the
week before.
13.C5S.400
NEW YORK BUTTER AND EGGS
New lork
sradrs Arm.
changed.
EOqs Irresultr,
Uncb.D4-
Auc 3.
Hecelpta.
HUTTEH Hlsh
5937 tubs. Un-
W
Receipts.
13.804 cases.
57.723.700
778.11.10.000
08S.780.200
127.237,700
20 0
$9 811.R00
270.100
2J3.900
82R.O00
14,487,000
, 8,149,401
3.1C3.UO
.3
WILSON FOR HIGH PROFITS TAX
Gives Views to Framcrs of New
Revenue Bill
Washington, Aug. 3. President WIN
son has let It be known to members of
the House Ways and Means Committee,
which Is framing the new eight billion
dollar revenue bill, that he Is Interested
In a heavy tax on war profits.
The President has given careful study
to the present tax system and also to
the .English system, which Imposes a flat
laxrpl lu.per ceni on.sucn iwvms.
Reasons Ascribed for Inactivity Fail to Account for Lethargy,
Except That Old Standby, "Tight Money."
Gossip of the Street
TT WOULD be hardly possible for the stock market to he less actlv
than It was yesterday. Reasons to account for such "lack of peri."
as one broker described It, don't explain any longer, and for that reaeon
they are not advnnced. The one which seems to hold best Is the old
standby which has been paraded for some time past, "tfghti money,"
and conversations with brokers seem to bear out the truth of it.
That we are In a rising market seems to be the generally accepted
opinion, nnd with a continuation of tho present war news prices ere
r-Npected to advance.
Speaking about the Inactivity of the rails recently,, a downtqwniw
broker said he did not expect much activity In rails until the raUroad5
(nntracts are signed. "And see If they don't have them completed and
sUned Just before the net Liberty Loan campaign, so as to give the
mai ket n boost nnil ci eate a big demand for Liberty Bonds," ho added.
There was some tnlk jesterdny nmong bankers over a statement pub
lished in at least ono New York paper calling attention to the fact that
in the New York Federal Reserve district 540 banks and trust com
panies were "slackers" In the purchase of the third series of Treasury,'
certificates of Indebtedness. The statement closed with a lot of sta
tistics showing the total number of banks and trust companies In the
subdivisions formed In New York State, In twelve northern counties of
New Jeisey and Fairfield County. Connecticut, all of which aro In the
New York Federal Reserve district. Reside the figures representing
these totals wero placed the figures showing the total number In each
of these subdivisions subscribing to this Issue of certificates. The
difference, of course, represents the slackers In addition, the totals
of the banks and trust companies In each county In New York State
which have equaled or exceeded their (;uotas on this third Issue, and also
on all three Issues, were given.
Some bankers were wondering If a similar statement would be
Issued for the Philadelphia Federal Reserve district, but It was dis
covered this Is not likely, at least for the present. John H. Mason,
president of the Commercial Trust Company, who has charge of the
sale of these Treasury certificates through his appointment by the Ad
ministration, Is out of the city temporarily, and until his return there-
will be no figures available on this matter. It was learnedthat Mr.
Mason is engaged in a very necessary campaign of education with banks
throughout the State, which Is bound to result in success along the lines
of the future sales not only of these certificates, but also of Liberty.
Bonds and other governmental securities.
Financiers Deem Lloyd George Speech Injudicious
There was no divided opinion In the financial district among those
interviewed on the subject of Lloyd George's economic threat against
Germany in the speech which he made on Thursday before the National
Union of Manufacturers In England. That It was most injudicious at "
the present stage of the world war was the unanimous opinion, and sur
. prise was expressed how he could so far forget himself as to hand over
to the Germans such a weapon which they can use on the people at
home in corroboration of what tho Junker party has been maintaining
right along. One broker said such a piece of blundering might be ex--cused
in one of the Prussian Chancellors, whose blunderings have been
notorious, but In Llod George It was not excusnble, nnd coming right on
the heels of the Lansdovvne note was not calculated to inspire tho
peoples of the Allied nations' as to the clearness of thought and alms
on which they have prided themselves as the Inherent qualities of their
leaders.
A well-known banker in commenting on Lloyd George's speech said
its redeeming feature was the qualification with which he prefaced It,
namely:
"We must necessarily, in whatever policy we proclaim, keep in touch
and be in complete accoid flrst with our dominions and second with
our allies." '
"But at best it was a mistake at this time," he remarked, "and
et it Is possible matters may yet shape themselves so that the people
who have been the sufferers by this senseless world war may demand
some such plan as a matter of retributive Justice."
What About That Potash Shortage?
A well-known broker in the downtown section asked yesterday
what had become of all the fuss about the shortage of potash, by'whlch
Germany, who then held the world monopoly, hoped, to starve the United
States. It was widely heralded about the beginning of the war, he
said, that in less than three jeurs the soil in this country would cease
to produce crops, as by that time all the potash already in the soil would
become exhausted and there was no place to turn for a fresh supply
except Germany.
It Is beginning to dawn on some people, he said, that all this talk
was German propaganda; otherwise, how shall we account for the
record-breaking crops this jear In the United States while the accounts
from Germany, with all her potash, say tlie crops are away below the
average?
Another feature In this connection, he said, is the great Increase liv,
the Virginia-Carolina Chemical Company's earnings for the fiscal year
ended May 31 as compared with the same period in 1917.
This concern Is engaged largely in the manufacture of fertilizers of
which the German potash formerly formed a part, continued this banker,
and it would seem that the company's sales speak for themselves. There
has been a large amount of potash taken from lakes In Nebraska, and
now It appears the monopoly on which Germany had hoped, after the
war, to build up a large part of her shattered fortunes is threatened by ?
the discovery in Spain of a better grade of potash in much larger quaa-'.
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