f V
llh
VnA" PUBLIC LEDGER PHILADELPHIA, ' WEDtftiStfAY, JUNE 4, ' 1919
r
'J.
(J
WIRN MARKFT UFAW-
' T " -".' "" ' ' '
DFA NRS ARF SMA
J
,Lack of Support Early Met by
r Resting Orders to Buy and
List Improves
Chicago, Jnne 4. Prices for corn
moved nervously today, but in the main
Jthe undertone of the market was heavy,
jwith dealings small. '
I Sentiment was Inclined to be brarfoh
at the outset, when scattered selling by
Commission houses, due to an improved
weather map, liberal receipts, yester
day's Jump in rnte; for coll money and
private advices that Argentina had
enough to, supply to the world, led to
lower prices. Support was lacking for
a time, but resting orders to buy were
'encounteded lotcr and the list Improved.
, Distant futures for oats finished
easier, but July Bhowed good resistance,
a revival In the demand for exports
helped the tone. It was asserted that
exporters were bidding Dc over track,
seaboard, which checked selling prcs-Vure.
8alcs of 250,000 bushels were an in
cident. In some quarters it was de
clared they would reach fiOO.OOO bushels.
There were reports of freer deliver
ies from farmers at points In Illinois,
.and increased receipts were expected.
"It was rumored that nn industry had
;orougnt some new oats to arrive at
'about lc under September
Tea.
close
Leading futures ransed an follow!
Corn (new delivery)
V Own Hlrh Low Clnaa
8t. ... i.aiji i.02 i.ooh i.om i.ti
Juty ... l.TOU 1.T1H l.OOS J. 70 1.01K
; Oati
8pt. ... ASH fiu rm; 05'4 CHH
July .... 084 08i 07 08W 00V4
jnu
Jept. .. J2.SI) 32.80 33.02 32.SO 33.07
July ... 3S.00 83.20 32.02 33.17 82.32
. lllba
fiept. .. 27.00 27.00 27.40 27.43 t2R.lS
Julj .. 28.00 28.13 28 00 28.15 t27.00
, rork
Ppt. .. 4S.40 48.40 48.10 48.21 M.33
July .. S0.33 C0.75 00.25 80.23 48.40
tA.ked.
Interest In Coal Leases Sold
' There was sold today for .$20,000,
for the estate of Franklin P. Canby,
deceased, an undivided onc-twenty-.eventh
interest in two conl leases, of
( "tracts in Coal and Zerbe townships,
Northumberland county, Tn., at Homes
& I.ofland's auction sale in the Bourse.
This Bale Is notable as being the first
instance of n sale of any interest in
the coal lands of the old Ebcnezer
Greenough estate for more than fifty
years. The bidding appeared to be con
fined to two persons, one of whom was
C. Vey Ilolman, stato geologist of
Maine, who bid .$10,000, but failed to
raise the final bid of $20,000. at which
the property was knocked down. The to
tal anthracite coal reserves In this prop
erty, on which the Philadelphia and
Reading Coal and Iron Company oper
ates its Burnsldc and Ilcnr Vnlley col
lieries, is estimated at some 10,000,000
tons, nnd the probable life of the mine
Is figured by experts at eighty years.
PHILA. AND READING REPORT
Income for 1918 Gains $1,000,000
Compared With 1917
The compensation payable to the
Philadelphia and Reading Railway and
ita seventeen companies by tho rail
road administration aggregated $17,
lGO.GoO, according to the statement of
President Agnew T. Dice, of the Read
ing Company, in his annual report to
the stockholders. President Dice fur
ther stated that, although that amount
had been certified to the administration
by the Interstate commerce commission,
only $0,000,000 had been received by
the companies up to the end of 1018.
The annual report of the Rending
shows receipts from rentals, dividends
nnd interest of $10.702,0."0. an increase
of more than J1,000,000 from the in
come of the preceding .year. The ex
penditures during 1018 were larger, but
not In the same proportion. Thus the
final surplus, after charges, was $10,
704,437, nn Increase of .$1,014,200. The
1018 earnings were at the rate of $11.10
a share on the common stock after the
deduction of first and second preferred
dlvidehds. The earnings for the preced
ing year were equivalent to .$0.07 a
share on the common. The total surplus
of the rompany nt the close of 1018 was
$32,.rr.01O.T5.
The balance sheet as of December 31
show total assets and liabilities of
$310,001,223. Current assets totaled
$0,400,230. against which were current
liabilities of $7,010,070. leoving a act
working capital of $1,400,154.
The income amount of the Philadel
phia and Reading Coal and Iron Com
pony for 1018 shows totnl receipts of
$.-0,380,038. against $40,800,008 in
1017. The 1018 costs totaled $51.
740,770. Bgnlnst $43,308,041 In 1017.
The net operating profit for 1018 wns
$4,040,102, ngalnst $0,587,000 in the
preceding year. Fixci! charges, taxes
and interest were smaller in 1018, and
thus the net profit for the year was
$4,100,102. a decline of about $1,300,
000 from the 1017 figures of $5,430,
033. There was a slight Increase in pro
duction for 1018. the total anthracite
mined being 11,572,001 tons, against
11,217,004 tons In 11)17.
Increases In Freight Rates Asked
Washington, .Tunc 4. General in
crenses in freight rates on bullion nnd
smelter products were asked today by
a number of rallroadR. Increase of 53
per cent over the rates effective prior
to June 25, 1018, from Brownsville,
Eaelo Pass. El Pnso, Laredo nnd
Marfa, Tex., to Omaha, Xcb. ; Chicago
and .Toliet, III., and Gory, Ind.. was
asked bv southwestern lines. Other in
creases from producing points in the
Northwest to various destinations
(lirnnehniit tho I'nited States were
nsked by the Chicago, Milwaukee and
St. Paul. Chicago. Rock Island and Pa
cific, Missouri Pacific and Oregon Short
Line Railroads.
Loan From U. S. to P. R. R. and L. V.
Announcement was irinde by the war
finance corporation in Washington to
day that a loan of $12,200,000 had been
made to the Pennsylvania Railroad and
that other loans Included $800,000 to
the Lehigh Valley. Other loans approv
ed for roads were announced as fol
lows: Receivers, Missouri, Kansas nnd
Texas, $070,000; Illinois Central. $1,
700,000; Chesapeake and Ohio, $347.
000; Wabash, $02,800; Erie, $800,000;
Seaboard Air Line. $135,000, and Chi
cago and Alton, $80,000.
iZ
Patrol Crew Awarded Medal
As a reward for the splendid appear
ance of its horses and patrol in the work
horse parade on May 14, the patrol
crew of the Belgrade and Clenrfield
streets police station was today present
ed with a medal by tho Pennsylvania
Society for the Prevention of Cruelty to
Animals. The presentation speech was
made by agent Harry Lepper.
Philadelphia Markets
GRAIN AND FLOUR
WHEAT .nu-i-. .a k...w.i. rrka
low-i . Quiet. Quotation! were fol
i,r"i ;r ,'nta In export elevator, government
JiVl 'nWn. atandard rrlc-a No. I
12 a7 ir,.,t-8l No. 1 northern apnna.
wl'ni.r .. f. ?"rt lntr. 12.89s No. 1 red
? a.,v5""ck!'' 2! too- 1 red amutty.
Ir'r, , I j0- 2. red winter. 12.80: No. 2 north
No T'Jft '2.-81" N- hart winter. M.80S
o. i r-d wnter, garlicky. JJ.84I No. 2
No V-iS,"-"1 -s" "& winter, 12.83!
winter nt"Sr,,"'ln'- 2.R2' No- a..ntrd
Rill?.''..'2-"! No. 8 red winter. larllcky.
o. s red amutty, 12.20! No. 4 red.
No, 4, garlicky. 2.28i No. amutty.
. -- a amiiLar. amuiir. 11..U. ,iap.
?,;;. 'h-Zi N. . k-arllcky, 12.28; No. S
amutty, 2.2S! So. 8 carllcky. amutty. 12.24.
w.am.uTl"?1''' . 10,000 buahela. Trado
i.,i ,'.!.' ""U.oferlnKB were llht and prlcea
GUI? frni w luo'e yellow In ear lota for
iii?m' " .t0 illly and location, at
wa iitiuR,'.rSPu- 2U2 miahels. There
hVirt n',?,,.lSd'n. but Muee were ateadlly
No .Q"1,,Vlon:ln " '' " location!
7llSlT;tiW.h,l 'H0e; atandard white,
whPtJ!H7!fcgT0H,BWl"U' T7O"tt0' No-
lhaF115nU,Jr:.l.eClW!- 00 bb,- "! 8.Bt.3Sl
wJik in c!"r. Tj market, waa dull and
TrriS. VL."fk'i ,Tn auotatlona were: To
hV iii'bN'o1.' weat.rn. J11.25011 30, near.
l'-v I?1.!2"1.' Knaa atralaTit, 111.73
l..k'O, do. ahort. haUnt 11?inVn .nlK-
KVk'P'"".
aprtnr
111. 78
i",",, H2B12.80
i oSrV"". f.V."-"L So.paient.
rtVP tri ni Tfc IV,r w.(OWIU JO.
w.5..i iVHL'.IPj.'0"'!' "' former rat.
aa to uSaMty B-2U "" b,rr'1' " "ck'-
PROVISIONS
mJrl'.-!: i1 Ulr Jobbing trade and the
L"J?Ic'J rul'.l nrm' Quotatlona: tleef. In aeta.
HtHnkM tarirt a a..l.J an. a m . .
ana tna ra. nmrirK nnH tAtA in..
hftmi. S. P. 'curd
nno. Iouh. Sivb CP
HZ ,jf.a,ft.it.!'!- .?,.'
nolf.d" t,-1- ""oliel. 38V4 087'.C! hama.
h p ..iSf1'"- -6?c: rlcnl ahouldera.
FIRMNESS IN STOCKS
STRENGTHENS COTTON
Further Rains In Eastern Belt
Also Holp Market Stability.
Liverpool Sells
belllea In plcklea.' rooso.'
vm iAv, inru. ODC.
32c; breakfaat ba-
Refined Sugars In Demand
New York, June 4, Itefined siiRars
ore unchanged at flc. less 2 per cent for
cash. Demand continues active nnd tho
position of refiners a.s regards deliveries
is practically uncnangeu. ino Amen
can Sugar Company will accept bust
ness for July shipment assortments to
he furnished before July 1. Arbuckle
Ilrothers nnnounco they will accept
htisiness for August shipment only
Haws unehnnged at 7.28c. The United
smtea Suear Eaullization Roard, on
Tuesday, arranged for the shipment this
month of 28,500 tons Porto Rico's at
7.28 c. i. f.
State Bank Call Issued
Ilarrisburg, June 4. A call has been
Ihsued by Commissioner of Hanking
TTlahvr for statements as of June 2, from
trust companies, state banks, savings
Institutions, private banks and national
i,nnir dnlnir a fiduciary businebs in
Pennsylvania.
N(pifOJg
NEW OFFERING
$1,150,000
Cuba Railroad Company
First Mortgage 5 Gold Bonds
Due July 1, 105? Intereat payable Jan. 1 and July I
Authorized not to Exceed $20,000 per Mile
OuUtandlng $13,170,000
Principal payable In United States trolrt coin. Bonds of this
Issue are listed on the New York Stock Exchange, and ap
plication will be made to list the bonds now offered
THESE bonds are secured by a first mortgage on
all railway and other properties now owned or
hereafter acquired. The company operates 658 miles
of standard gauge railway serving.an important and
populous agricultural territory, and carrying annu
ally a very large proportion of the Cuban sugar crop.
The main line forms the eastern portion of the
through route traversing the Island of Cuba from
Havana to Santiago.
The bonds have priority over $4,000,000 improve
ment and equipment bonds. $2,000,000 ' notes,
$10,000,000 of 6 preferred stock, and $15,800,000
of common stock. Dividends have been paid on the
preferred stock since 1908-09 and at the full rate
since 1912-13.
During 10 years to Tune 30, 1918, gross income
averaged approximately 2j4 times fixed charges;
in the last year of this period fixed charges were
earned more than three times.
Theae atatementa commend thla laane to yonr conalderatlon
We offer theae bonds at
88 and interest, yielding about 5.80
Complete Circular upon requeat
The National City Company
Correapondent Offices in 10 Cities
Philadelphia 1421 Chestnut Street
Telephone 5100 Locust
The above statements have been obtained from sources
we believe to be accurate, but we da no", guarantee them.
REFINED SUGAR8
r?nu?ated. "" ',lrly HC,VB Rt Oo ,or "ne
DAIRY PRODUCTS
th2l.UH3?l!?rr'IiraiIVv"" ",nw ""' irlcea fur
;md."ne,. il!- .Quotatlona: Hfllld-packed
S7iS-.fr,.txtrH.": "5' hlmer-acurlnn irooda.
5)i'Uc-, th' '""" '.Sr.bblnK aal,a; extra
5KV'.icrc.amery, Srk to tuner. B505Te;
do. fair to Boml .11 iff. -,ic. fancy brands ai
i-iiiiiB juuuinK in iiiibow, rnlr to Rood. 49W
nee. irarlleky nrlnta. 4W,'iOc.
1.008 Huppllea were arrumulatlnir and
".Vi. """ iiernnea 11 JOST1 .VI per caae.
with ifrerlnr; chiefly uf unattractive mock.
Quotntlona: Free caeca, nrarhv Urate. $12.80
per crate; current receipt. $11 70: weetcrn
extra HrMa. $12.m: flreta, $11.70: fancy
"'iJUl.SW Johblnir nt iniiiSlc per doxen.
I IIRhSb Demand aa fair and value
were well auatalned on choice atoek. orter
InBa of which were only moderate The
auotatlona follow New Vork and Wlneon
aln whole-milk, nata, current make. S2W
- ..
New Yorlt, June 4. Owing to further
rains In the eastern belt nnd firmness
In the stock mnrket, cotton pnrtlnlly
ignored the wenk cnhles this mornlnK
nnd opened steady nt only 15 to 31
points net decline.
Liverpool was n seller of July. New
Orleans bought nil positions. Trade
houses also bought, and commission
house business was mixed.
The weekly report of the Weather
Bureau proved quite as bulllih ns looked
for, but nlso appeared to be the signal
for a renewal of heavy liquidation,
l'rices which had rallied sevcrnl points
from the earlier low level broke Into new
low ground for the movement with Oc
tober selling nt 120. 2S or 07 points net
lower and 208 points below the high
record of Inst week.
It looked ns though scattered lead
ing Interests had been waiting for tlm
weekly report to sell on, but found
comparatively few buyers when they at
tempted to dispose of their cotton nnd
the rapidity of the decline Increased
nervousness of sentiment.
The receipts nt the ports for the day
nre estlmnted nt Hli.OOO bales, ngninst
.tO.WM bales a week ago nnd 71)22 bnlcs
LOCAL MINING STOCKS
TONAPAH BTOCKS
nid
Jim llutler 37
MacNamara I
Midway ,, .43
Mltpah Kxt 11
Montana , 24
North Htar 10
neacue Kula 11
Weat End 2
aOI.DFlELD STOCKS
Atlnnl.. 04
Illue Dull 03
Ilooth in
Dlamf II rt 01
Dalay 02
Kewanaa 04
Oro 02
Silver Pick OS
Spearhead 09
MI8CEMANKOUH
Aria United IS
Navada Wonder IW
Tecopa Mining 09
AaV
,39
1W
.47
.18
.2(1
.12
21
211
.0.1
,0.1
. .13
.08
.08
.00
.08
.10
.10
POULTRY
1,1 Vn rOUI.TIlY Trn.lo nn. .Imv T.w.
lah buyera being off the atreet on account
of their holiday, and the market ruled weak
nnu lower, wuoiauon l-nwla. ua expreaa,
aswSOc; aprlna chlckena. Urollera not 1-eir
horna. yellow altlnned. ueUhlnK 14 2 lba.
iii'icf, it. u'.toc. apnni,' inickena. brollera.
not Leghorna. ellow.klnned. welching 1U
WlH lba. apiece. 43fSOc: white bechorna,
jellnw-sklnneil. welchtnc 11 o lbs. aulece.
lW4(le; white I.echorna jcllow-aklnned.
amaller altea, 38&43c, rooatera. 2324c:
? ' eKm o"ii:c, no, imnan nunner,
"" "Vo" ' aiwat: piceona, old. per
iwa, mw uvi no, ounK. per pair. 5UKToc.
DltV.HHKl) The market ruled ateady with
demand aliaorbinc the limited nfterlnca of
tine dealrahle alied atock Unattractive
atock. honever. wua dull und Irregular In
vhiu-. i nf nuomiinna lOMow Kowls,
freahed-kllled. dry-picked, In boxea, weigh
ing 4 lba. and over nplece. 30c. uelahlng 3
SVt lba. 37c. amaller aljea 33l33c: freah-
killed In blila., fancj'. dr.plcked. weighing
, iuh. nun over apiece, sue. welan ng 39P3H
lba., 3atrS7c amaller alxea S308.'ic: old
roosiers, nrj.picKca. iiici broiling ihlckena
nearby, BnWIISc, exceptional lota higher! do,
weatern, Jlisneoc. Rprlne ducka. long lal
and. 3Nt(i3Iic: aquaha. per dozen, white,
weighing 1112 lba per doien. JS.BOii
0 2.1. do. do, wclghlmr tlWln lba. per dozen.
ai.ouiif n zn; ao. ao, weigning s lba. per
dozen. $rtfM 7R; do. do. neighing 7 lba. per
uozen, zf.noTPA.L'n: do. do. weighing svi)4
lba per dozen. $2 ROiffS.on. darka. $1,809
-..o; amau ana no. 2, uocdp;?.
FRESH FRUITS
Choice Block nold fairly and vnluea gen
erally were well auatalned. Quotation
Lemonn. per box. $4.'iOrrt 7.1. Oniric.
California, per box, $3,,10R7.BO Strawber
rlea. aouthern. per quart, 12 6! He; do. New
"Pfi per nuari, l.iH'.Hori. cantalnupra.
..w,,.,n, iti i nir, i.mm.i, no. lHIIIOmill
per crate. $f)(M2 Watermelona. Florida
per car. $4.inKniH)
VEGETABLES
New potatoes were In good demand and
in. hoi uinpr vpRfiHoiPs were generally
aieani uuetatlnna: Whlt potntoea. Maine,
per 100 lba.. 82.nOila2.ilO: hlte nottn.
Pa.. No. 1. per 1110 lba.. $2.1002.00. white
RiJf,0'"i. ew "rl. Per loo lbs.. $2.40W
J 00: white pntatoea. Florida, new. per bbl.
0nJl lft.tfl: No- . $S7.1. No. 3, $4
4 B0; white IS'WSfF- South Carolina, per
bbl. No. I, $I).,10irei0: No 2, $7IS. Sweet
potatoea. Kaatern .Shore, Va per bbl . $2. .10
V,i -"j;iip. .-tnnoiK, per craie, 'j.nooj)
H 7,1: do. Eaatern Shore, ner rrnf tftrmj nn
Onlona. Texaa, yellow, per crate. $3.80fi4'2.1:
do. white, per crate. $2.,104 7.1.
LIVESTOCK QUOTATIONS
C'hlenco. June 4 11008 Recelpta. 25.000
head. Steady to 10c hlyher with eaterday'a
general average. Top. $20 ,1!i: bulk. $20.20
$20.15020 B5: lightweight. $111 8B20.n(;
l.WtJ-J',!i-!520.2.1, heavy packing -now.
CATTI.K .necelota. 8000 head. Beef
nircm nuu iiuuiicr nne BlOrK. aiOW; IOW
ear ly aalea aUadl ; bulla, uteudy to atrong
Calvea ateadv. Heef ateera, cholie and
prime, $14.751H 25: medium and good.
$ll.7514.75; common, $10 7S11 7S; light
weight, good and choice. $12 4O01B: com
mon and medium, JO. 7.1 12. 40: butcher
helfera, $7.2.1B12 7B; cowa. 87012.4U:
calvea, 5H(r1.1.23.
SHEEP Rec3lpta, 18,000 head Ewea and
heavy lamba, lower. Other klnda about
steady.
.riu"hnrn' Jun' 4. HOOS Recelpta,
1000 head. Ilwer. Heavlea nnit haw vnrie.
era. $212I.2.1: light yorkera. $2O.,102O.7B:
Plga 9L'(iorr'jn LM.
SHEEP AND I.AMHR Recelpta 3000 head.
Steady. Top aheep. $11: top lamba $15.B0.
CAI.VKS IlecplntB. ?nn h,n,l R....W
Top $lfl BO.
St. T-onla. Mo.. June 4. HOOS Receipt,
1B.B00 head Ixiwcr. Mghta, $1D.90(B20.1B:
Riga. Sin BOSMD: butchers. $19,8520.40:
eavy. $20.3.1620.40
CATTLE Recelpta. 2(100 head. Steadv.
Native Bteexa. $lj.BOW18..10; hclfera. $0.no
HI: cowa $10 BOU'l.l.BO; atockera and feed
era. $1013..10. calvea. $1,11B 25.
SHEEP Recelpta. 2B0O head. Proapecta
atrong. Lamba. $1R.B018.7B, ewea. $13
14. B0
Kanaaa t'ltr. June 3. HOGS Recelpta,
20.000 head. Market 10c to 20c higher than
eaterday'a aierage. rloalng atrong. Pack
Ing top $20 70; bulk, $20,lOfil2O.BU; heavlea.
$20.BO2O.7O; medium welghta. $20.15
20.00- llchta. $19.KB20.25; light llghta.
$1D.3120: heavy packing cowa. t!nO!!n 9n
Lplga. $1R19 23.
V.A l 1 ur. iveceipia, nuuu nean ana KIHI
cahes. Reef and butcher cattle, atnekara
and feedera. ateady to 2.1c higher: yearllnga
atronger; veal calvea. 2,1o lower. Heef ateera,
medium and heavyweight, choice and prime,
JH.S.IfTln: medium and a;ood. 818.401B.7,1:
common. $11.25 13.3.1; llghtwlcht. good and
choice $12 A3&14.90; hutrher'cattle, helfera
$B.7S(13.B0: cowa, $n.B012.0,1; cannera
and cuttera, 1.1. S.I 00 40; veal calvea, light
and handy-weight. $11.7514,25: feeder
ateera. $0. 03O14.50; atorker ateera. $7.23
11.25. l
SHEEP Recelpta. 8000 head. Slow at
generally ateady prlcea. Lamba, 8.4 pnunda
or leaa tl2.7514; 8.1 pounda or more,
S12.BO013.79: culla and common. $8.50
12 2.1: yearling wethera. 810.79O12.75: ew..
$70.6,1: ewea. culla and common, $46.7S;
goata, $508,75,
Kaat Ruffalo. X. Y.. June 4. CATTLE
Recelpta, 12B0 head. Slow and eaaler. Calvea,
recelpta 200 head. Active and 23o higher.
$0Ofl 50; few $17.
HOOS Recelpta. BOO head. Steady. Heavy
mixed and vorkera. $21.75: light vnrk,..
and plga. $20.50; rougha, $19018.25; ataga.
SHEEP AND LAMBS Recelpta, 1200
head. Steady and unchanged.
Soulh Omaha. Juno 4. HOGS R-celrta
15. 500 head: 5c to 10c higher. Closing eaar.
Rulk. $mR520. r
CATTLE Recelpta 8R0O had. Beef and
butcher cattle active to 25c higher. Stockera
and feedera ateady.
SHEEP Recelota. 2300 head. 10c to IBo
lower. .
BUTTER, EGGS AND CHEE8E
New York. June 4. BUTTER Low and
weak. Recelpta. 1.1. din tubs. High acor
Ing. B2U 93c: extraa, Bl,t?B2c; flrata. 50
51Hr; aeconda, 4840Hc; atata dairy, 51
051Vc.
EOiia Unaett ad. Recelnta. 81.80A rai
Freah gathered extraa. 42hi 43c: atoraga
packed, extra flrata. 4lf42c; atoraga packed.
flrata.88H 40c: gathered, extra Urate. 3H
40c; northern aectlona, nrata, 87088c: aouth.
ern aectlona, flrata, 8AV487Hc: aeenndt.
aoc; airiira, o. i. atwaac; p,o, v. auvnite;
unoergraae.
rhecka,
No.
3283c; chacka.
LB. UalfUUki IIIOLHI. UIIIICI I IBUC Anil
81c: atata and nearby hennery whltaa. 41U
4 Be; gathered whltea. 4044c: Veatrrn and
aouthern gathered, whltea. 88 44c; atata
and nearby hennery. browna. 43U 44e
gathered browna and mixed colore. 8848ci
weaiem wnnea. suvrsar.
CHEESE Irregular, Recelpta. 7080 boxea.
Flat, current make. milk, averaca run. 81U
84c; flat, currant make, white, avaraga
run. 31H.1Ici colored. 82Vic outalde;
rhitea, apeciaia. 12MC. outalda.
n year ngo.
Teat Todn'a
cloae
July . ...31.55
Auguat . .81 51
Sept 31 00
Oct . . . SO 2
Nov 80 ,17
Dec . . 30 2.1
Jan. . ..29.4.1
Feb 29 BO
Mar 29. HO
11 00 1-30 2:30
New Delaware Charters
Dotcr, Del., .lime 4. Charters were
filed today as follows : The Superior
Tractor Company, authorized capital,
?2,r00,000; to deal in nnd with
goods, wnres and merchandise of all
kinds. Oeorge S. Peterson, Cleveland,
O. ; W. C. Ilustctl, Niles. O. ; Oeorge
1. I ellens, Warren, O., Incorporators;
Aniemniln Petroleum Corporation, au
thorized capital $1,000,000, to prospect
for petroleum; l'atex Petroleum Com
pany, Oklahoma City, Okln., author
ized capital $1,000,000, to acquire oil
otitl gas lands and to develop same. K.
V.. Illakc. It. D. Shear, A. T. Hoys, all
of Oklahoma City, Okln., Incorpora
tors; -Rural Mines, Inc., authorized
capital $1,000,000; to do n general min
ing of nil kinds.
BUSINESS NOTES
Hiiyers arc placing orders now for
women's high -class fall teats nnd
wraps, principally for evening wear, nc
cordlng to the manufacturers. Despite
tho h'gh prices, orders arc said to be
large.
High prices for leather suitcases and
traveling bags have not curtailed the
demand for these goods, nnd manufac
turers arc hard pressed to keep dealers
supplied.
A stronger tone win Imparted to the
copper market yesterday by a resump
tion of buying by consumers for future
shipment, but tho buying did not rench
Inrge proportions. Some of the larger
selling agents were asking 1(14 cents n
pound for future deliveries, although
the metal wns still available from some
interests at lO' cents.
As a mult of the slowing up of pro
duction because of the shorter working
week instituted in the woolen mills a
week or so ngo, mill agents nre forced
to make further cuts in the orders for
fall v.-ooleni which have been placed
with them.
the total export business to amount to
M7fl0r,4rl pesos, of which tho United
States took 350,074,300 pesos. There
wns shipped to Kurope goods valued
at 0,034,000 pesos, of which Ureal Urlt
aln took 4,372,000 pesos; Spain, 1,
0"i,400 pesos, nnd Kraucc only G000
pesos.
.Seal -dyed nutria, dressed and dyed
by a new process, Is a fur which gives
promise of large sales next fall nnd win
ter. The fur is designed to replace the
seal-dyed muskrat, or Hudson seal, ns
it is known, nud conts of the dyed nu
tria can be produced for from $7o to
$100 less thnn of the Hudson seal.
Onl) 531 commercial defaults were
reported during May, with $ll,0.'i0,031
of liabilities. I-'xccptIng March, when
there were 27 more reverses than in the
shorter month of February, each month
this cnr has disclosed progressive re
duction in number of insolvencies, those
in May being 12 below the previous
minimum of April, nud in but two
months of the Inst twelve has there been
an Increase.
"IvV
Chimin, June 4 BUTTKRRecelpta, V
tss tuba i:na Kxtraa, nic. nraia.
. ....-. r.tlUc. aconrta. 4flffr47r
I lie report ot tne .Mexican ttovern. t'niisi itecinta. 34.3m rae
men! nn .Tnnrlu (V tl,n - 1010 .1 Flrata, 373Kc. ordinary flrata. 3S3lc.
' " "" ""' ''" "" mlacellaneoua 8det374i
CHICAGO BUTTER AND EGGS
Eai
53
8
muineMne ncci Aatn
Willys Overland Company, quarter! 'it'
Ju
New York Central, quarterly of 1U
f
3-
. per com on pftmr-vi, paraoia 4
10 toc of record June 30. t?
.1. m a 1.-1. -a) mti v
rent, parable Aucuat 1 to atock ot
Juiy u,
Central State Electrlo Corporation.' CUjia
terly of 14 per cent on preferred. caralNr
juiy 1 to atocK ot recora June ju.
Michigan Central, aemlannual of S Pjf'
will. N.jrBvio dun m nivin u& ?wr j i jm
June 80. , .V -afa
f-Alnrnrin and Aouthern Ttallwav. auarterfaT. ' Jm
of 2 per cent on flrat preferred. condltlonM .'
nn h HMln. it m f mAvmAp namiHil ffrlifer
.... I.a.tn, (rnml nt mltrrLfla 1n9 1Mb 3 ' "H
purpoae The dividend la payable JunaiM, V Al
to atock of record June 14 ; if
Aaaoclatcd Oil Company quarterly nf tl.M j,1 v tri
a ahare. payable July IB to holders of .:t!H
recoru. junc o. s ir Ti
rv.nHnnfnl Can Company Quarterly of V 'Z.i
l'l per cent on common and 1H per cent rBTSJSJ
on preferred, na j able July 1 to atock 'Of. t.TSSi
Armour A Co. quarterly of US per cent '.AfM
an preferred, payable July 1 to holdera fof
record June 14.
Amrlcnn Tobarrn Company quarterly of
1H per cent on preferred, payable July I to
atock of record June 14, '
Oeorge XV. Helm Company quarterly 'ot
QU kv Mnl nn nnmmnn mtA 11 ,r rn.
nn TrpfrrM both tiavable July 1 to toele fia
of record Jun 18. , "
Amrlrn Clrnr Comoany nunrtrlr nf .
1 L iu Mnt nn n-faWBf navakU Tla t ' Sin
to Flock of record June 14. TJ
Wnvmon Tlmtnn Pnmnftnv minrfrlw Af fi
9tX np rant nn onmmnn and IU rat h' 1& 2
on prfrr'1, both payable July 1 to atock l fori
of record June lfl. ,)"Cr
T1. Ijorlllfird Com Dan v. auArtrlv nf.A nof v-
cent on common and 1 per cent on, pre-
June 14. .. .
wuincy -Minirnr company, quarterly or l mfw
np hr. nnvahln Jun Afl (n ttrvV tt faevirel " 'till
June 7. '
Pt-ople'a National Fire Inaurnnce Company,'
n tiivitiena or l4 pt cent, pajanie July I,, xjft
iu aiuin i irvuin unr m. L,uriHR win rjTt .--rit
vim
'Vp,l
a
Flak Rubber Redemption Plan
New Vorlt, Juno 4. The Fisk Ilubbcr
Conipany has decided to redeem on
August 1 all outstandlne first mpforrml
8055 SO "So So 'So Sn.f'n nnn- convertible nnd first preferred con -
ortitilf stock. Payment will be made
nt ohicp of ew Knglnnd Trust Com
pany, Iloston, Mass., at rntc of ijrjn a
share for non-convertible stork, Con
vertible jireferred stock will be pnld
nt rnte of $110 a share. Holders of
this stock nre notified to present their
fertlflcntea for redemption nt nbove
ofice on August 1 next, lifter which day
dividends will cease to accrue on these
issues.
31 51
31.00
211.05
SO 57
'.' 44
2II.S.1
in no
20 SO
31.51
31 00
20.03
30 57
20 24
20.23
20 00
20.80
31 51
31 OO
20 70
80.57
211.81
211 OO
20 00
20 SO
31 51
81 (SI
20.41
30 37
20 H.-
2S.SS
211 00
20 bO
Financial Briefs
Freas It. Htiyder has resigned ns
vice president of the First Nationnl
Honk of Philadelphia, effective June 30.
Mr. Snyder has been elected president
of W. C. Hamilton & Sons. Inc.,
manufacturers of paper nt William
I'cnn Post Office, .Montgomery county,
Pa., and will nssume his now duties on
July 1.
At the annual election n," the Chi
cago Stock Kxchnngc. Frederick ('. Ald
ricli wns elected president nnd Solomon
A. Smith treasurer to servo for one
j car. F.dWin Page. Hubert P. Shim
min, Frank W. Thomas nud I,. M.
Stein were elected governors for three
yeois and Ira J. Couch was elected a
governor to serve for two years, to fill
vacancies.
The London stock exchnnge will be
closed June 7 nnd !). Whitsuntide holi
days. The Ciirard Trust Company hns been
appointed trnnsfcr agent for stock of
Abbotts Alderney Dairies, Inc.
The report of New Vork Kdison Com
pany fop year ended December .11, W18,
ns submitted to Public Service Commis
sion shows surplus after charges and
taxes of ..".IR.1,745. equal to .f-.Rfl a
share earned on $n.1,fi4..417 capital
stock. against surplus of $0,00.1, 3S4, or
$10.05 n share, in preceding 3 ear.
The New Vork Subtreasury gained
?1, 181 ,000 from the bnnks yesterday,
making a cash net gain since Friday of
?2,12'000.
The New York stock exchange has re
ceived notice from Ptintn-Alcgre Sugar
Company of proposed increase in capital
stock from $8,000,000 to $12,000,000.
John A. Voetsch, formerly cnshler,
ns yesterday elected president of the
Olney Hank of Philadelphia. William
It. Thomas, formerly nssistnnt cashier
of this bank, has been elected cashier.
The Chicago board of trade will close
nt 11:45 n. m. tomorrow in honor of
returning soldiers.
Stockholders of Fairbanks, Morse nnd
Company approved nn increase in the
cnpital stock from $4,,"00,000 to $12,-000,000.
Gulf States Steel Passes Dividend
New York, June 4. Directors of
ulf Stntcs Steel Corporation at the
meeting today decided tlint In wow of
iincertninties of the industrial situation
to pass tho dividned on the common
stock due nt this time.
LOCAL MEAT MARKET
The following report on the freah western
dreaaed meat trade In Philadelphia la fur
nlahad bv the local livestock and meat office
of the Bureau of Markets, United States
Department of Agriculture.
BEEF. FRESH Recelpta liberal-; aupply
accumulating; market declining; demand
alow.
STEERS Recelpta liberal; bulk common
and medium gradea; market weak and de
clining at 110 to 122; demand extremely
light.
COWCT Recelpta light; market weak and
dull at $14 to MO; demand quiet.
VEAI. Supply light, market atrong at
120 to 123: demand fair.
POnK necelpta liberal; market veak at
825 to $30; demand poor
UAMn Recelpta light; market firm at
$80 to $88; demand only fair.
MUTTON Recelpta light; market ateady
at $10 to $22: demand light.
May Financing Large
With the pnssing of the final war loan
last month there was an unusually large
amount ot corporate financing, the totnl
being $240,334,105, compnrcd with
$48,244,000 in April nnd $71, 8S3,n00
in May of laBt year. The striking fea
ture of May financing was the large
number of stock issues, which aggre
gated $154,118,105, of which $154,
718,105 was of industrial corporations.
SECURITIES AT AUCTION
The following securities More sold lit
auction today by llarnes & l.oflnnd
Uk STOCKS
Sharon
lilill Ien Machine Manufacturing Cnm-
onn 1, """.V ".?. rhlJ." I' $" l."l $100 '
0OO 1 Vim Machine Manufacturing Com-
., .. rHn,5' 2' rhl11 l"r "n l-t $200
14 ( orn Exchange National Hank par
$100 , flqn
2 Hank of Norlh America, par $10n 27"
3 hnuthnark National Hank, par $lno "ill
1 Sixth National Hank par $100. 207
11 Market street National Hank, pir
$loo mui
1 Market Street Title and Truat Cam-
pans , par $,"0. . if n
10 Fidelity Truat Compans . par $100 510
n. V 1?r'1 Truat Compnnj; par $100 RnSH
21" AJrttne Trust Company: par $100 100
2 ProMdent Life and Truat Com
pany; par $100 43s
2.cat End Truat Company par 100
$100 .... inu
1 National Hunk of Malvern. Chester
county. Pa. par $100. .. . 155
20 Flrat National Hank of Conaho-
hocken Pa. par $100 .... 153
3 Weat Jersey and Seashore Rail
road Company, par $50. 43
S Cltlienh' l'naaengcr Hallway Com
pany "25
2 Camden and Ilurllngton Cnuntv
Ralluay Company
14 National Railway Publication Com
pany 10 American Pipe and Conatrurtlon
Securities Company preferred,
par $100
13 American Tip and Construction
Securities Compnnv preferred:
par $100
.' Helmont Driving Club . .
05 Philadelphia Warehouse Co-mp-inj;
p.ir $100 ..
1 Pennsylvania Academy of Fine
Arta, par $100
1 Pennlanla Academy of Fine
Arta. par $100 . .
25 Media Title and Truat Company,
par $25 ...
3 John H Stetson Company common
par $100 .... ....
" John H Stetson Comnanv common
par $100 . . . . 307
5 rnltri! New Jersey Railroad and
Canal Company, par $100 1034
PONDS
$2000 West Cheater Street Rallnav
Companv 5 per cent Flrat
mortgage Coupons February
and August. Due 1032 .
1000 American Oaa Compam 7 per
cent. Convertible ten-year
notes. Coupons Januarv and
July Due 102S
(iOOO Ohio Valley Electric ItatlMnv
Company. 3 per cent Flrrt
mortgage June and Decem
ber. Due 1010.
12000 Consolidated Light. Heat anrl
Power Cmppan. 5 pt cent
Flrat mortgage. Coupons June
and December. Due 104tl
JOOil Central Market Street Railway
Company (Columhufi. Ohio) 5
per cent. Flrat mortgage
Coupons January and Julv
Due 1022 . . .
3000 JackaonMlle (Florida) Oaa Com
pany. 5 per cent I Irat mort
gage. Coupons June and De
icmber. Due 1042...
500O Rending Company. 4 per rent
Oeneral mortgage ( ounons
Jaiuary and Julv. Due lIlOi
10U0 Philadelphia and Reading Hall
way Company. 4 per cent
Consolidated mortgage (first
series). Coupons March and
September. Due 1037 .
3000 Suhuiban Oaa Company 5 per
cent. Flrat mortgage April
and October. Due 1.052
2S
30H
50U
103
25
3H0
70 n
70
tli
S3V4
"000 Wllkea-llarro Oaa and Lleetrlo
Company, 5 per cent I on
aolldated mortgage, t oupona
January and Juh Dueio.n
"ooo Wllkea-Harr" Ccrnpan 5 per
-" "Jnt. Flrat nnd refunding
mortgage. Counona Januarv
and Julv. Due 1000 .
1OO0 Philadelphia Suburban (Ins ind
K.lectrlc Companv 5 per rent
First and refunding mnrtgdae,
Coupona February nnd Au
guat. Due mno
1000 Washington Railway ard Elec
trie Company. 4 per cent Con-
iniinaieo muiiK.K. ..... ...
June and Dei ember
04i
KS,
Due 1051. ""H
FENT0N LABEL CO., INC.
GUMMED
LABELS
S 06-5 12 RACE ST.
Thoneai Marliet 1035. Main 104
ERNST S ERNST
TAX SERVICE
AUDITS and SYSTEMS
PHILADELPHIA
2023-2024-.LAND TITLE BUILDING. Tel.phone-Locuit 2681
NEW YORK
PITTSBURGH
TOLEDO
HOUSTON
BOSTON
ST. LOUIS
CINCINNATI
DALLAS
BUFFALO
CHICAGO
CLEVELAND
DETROIT
MINNEAPOLIS
WASHINGTON
OTHER FINANCIAL NEWS ON
.FOLLOWING PAGE
?"- 'i j! ' i ' v t ;.sf i r?'CT
i iV".4 i
WANTED
175,000 to 200,000 Square Feet
on P. R. R. for Warehouse Purpose .
Jesse Jay Schamberg
Real Estate
614 Empire Building
N. E. Cor 13th and Walnut Streets
Walnut 3?04 t Race 813
csc
If
mnllpd Hereafter tho dividend nf M- fffli
company will be declared nemi annually. -" ti-jsj
i v' 1
m
rm
Til
NEW ISSUE
$1,000,000
Province of New Brunswick
Canada
5f2 Gold Bonds
Dated May 15, 1919 Due May 15, 1922
Principal and semi-annual interest (May 15 and November 15), payable in gold,
in New York City, or at the Bank of Montreal, in Montreal,
at the option of the holder
$1,000 denomination, in Coupon form, with privilege of registration as to both
principal and interest
Financial Statement
(aa officially rriiarlfil)
Total Funded Debt, including this issue $18,163,089
Less St. John & Quebec Railway
Debentures 5,950,000
Less Sinking Fund 1,045,160 6,995,160
Net Funded Debt $11,167,929
t
Population (1911 Census), 351,889 '
The bonds are diiect obligations of the Province at large and are
issued to provide funds for construction of permanent bridges and
highways.
Assessable Valuation of property, 1917 $129,179,111
Assets of Province on Oct. 31, 1918 20,981,800
Crown Lands owned by Province, 7,000,000
acres, valued at 42,000,000
Area of Province, 27,965 square miles
The legality of the issue has been approved by Messrs. Brown,
Montgomery and McMichael, Montreal;
Interim debentures of the Province will be furnished pending
delivery of the engraved bonds.
Price 99x2 a"d accrued interest yielding about 5.70
United Financial Corporation, Guaranty Trust Company
Limited, Montreal of New York
Abovr atatrmrnts. hlle not sunranterd, nra ofllrial nr fonndfd on Information we rraard aa rrllable."
They art- the data upon which ni purrhaaed thoao arruiitlra.
Clayton F. Banks, Correspondent
421 Chestnut Street, Philadelphia
Telephones:
Keystone
Bell Lombard 4691
-Main 43S
(
Sfl
m
"M
i
rw.'.'i'
J5SE,
$1,896,000
Cleveland, Cincinnati, Chicago & St. Louis Railway Co.
"Big Four"
Equipment Trust 6 Gold Certificates
Dated June 1, 1917.
Authorized $2,370,000.
Interest payable June 1st and December 1st.
llaturing $237,000 annually from June 1, 1920
. until June 1, 1927, inclusive.
Matured and cancelled $474,000. Outstanding $1,896,000.
GUARANTY TRUST COMPANY, NEW YORK, Trustee
These certificates are the direct obligation of the Cleveland, Cincinnati, Chicago
& St. Louis Railway Company and are secured by an absolute first lien on new equip
ment, having cost $2,962,500 against which there is now outstanding $1,S96,000 Cer
tificates, making an equity of over 55.
This equipment was purchased at prices current before the United States entered
the war. Based on prices January, 1919, this equipment would have cost 50 in excess
of the purchase price.
The issuance of these certificates has been approved by the United States Rail
road Administration. The form of all papers and proceedings in this business has been
approved by .counsel.
Wc offer these certificates, subject to prioFsale, to yield as follows:
$237,000 June 1, 1920, to yield 5
237,000 June 1, 1921, to yield $
237,000 June 1, 1922, to yield 5
237,000 June 1, 1923, to yield 5.80
$237,000 June 1, 1924, to yield 5.85
237.000 June 1, 1925, to yield 5.85
"237,000 June 1, 1926, to yield 5.85
237,000 June 1, 1927, to yield 5.85
WURTS, DULLES & CO
Franklin Bank Building
1416-18 CHESTNUT STREET
PHILADELPHIA, PA. .
v ,'J
m
CALLAWAY, FISH & CO.
37 WALL STREET, NEW YORK'
Miners Bank Building Commonwealth Building Vr'J
WILKES-BARRE, PA. PITTSBTjRGEt, PA. vfv?l
Jfeafo.
those upon which we bailed our purchase ot ths bonds.
m
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ki .-a"
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Statistics and statements above elven, while not guaranteed by us, are considered' reliable ttndjMMtiD'
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