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TINAMCtAt.'
Btwclnl Notices
i COMMERCIAL TRUST COMrANY
,' Philadelphia. Mir 20lh. 1019.
!e'l hereby riven that. In pursuance
Mutlnn or tne uoard or Director ot
mat A 1 Ufc lVIlMi f.)S?I.Sn,t licri-
thtt Stockholders of the Cornmnr will
!t Hi irene ml olTlco, Commercl.
uuainr. norinwMi rorner umia una
Min Kmiar. Fh1ift.1ftii.hU. PnnTl.
n TotWt the fifth &r of Anrtint
lk two o'ciock p. m.. lor me purposo
nr (or or nrainii mn incrriiBn oi m
I Stock of tha Company from II. 000.
i 12,000,000, to ba offered to the Stock
tt at I9nfi ! ihi. nf which onhrlf
: 4 dded to und constitute part of the
xunui 01 tn vomptny.
Secret rv.
PpeeUl MrUnra
'flFKClAL MEETING. A BFKCIAt
iJ teetlnr nf the phureboldera of the
I National ttnk of FhltflifelphU will be
kl UK Man Kin iiouae, ..rnaa na '";-
,. rnuaaeipnia on eiuMwiax ii.j
19 between the hours of one and two
, pj m,. ror ine purpose 01 vuiinn vn
auwA lnrr-ae nf the c tit tut stock of
nfe fmm irtnn orft tn ft. 000.000. the
rUlnr.. hares tn ha offered to sharehotd-
"or recorn at zoo per nare. oi wnicn
nuJl nniL be annen to rnirpiu.
"; W. fjltlirtvlW wuuu. uaBnier
FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA. STOCK QUOTATI0M
BEAR INFLUENCES PREVAIL
ON THE NEW YORK EXCHANGE
Fears of Further Tight Money and Unsettlcment in Specula
tivc Situation Cause Declines of 1 to 5 Points
j XT.
Annual Meeting
UK THIRTY-SECOND ANNUA!,
u..ll . ,.. f-.n... II... ... Ih.
, DirCUMK Ut Ulr .u, n, nuun . tira
i,Kenalngton Hospital for women will be
. .rtfM at the Church House, northeast comer
Twelfth and Walnut streets. Philadelphia.
'Maom V. on Thursday, June. 17, 1910. at
&ll!0 P. St.. at which an election will be
Ull of four Directors to serve until 1022.
V?H EWINO J.. MILLER. Secretary.
Dividends
Jefflfe of The United G ImproTfmrnt Co.
N. W corner nroad anl Arch etreeta.
''tvfc'-' fnnadeipnii. June n. nuu.
Wft Tha dlrectora have thla dav declared a
' (ouartirly dividend of two Per cent ($1.00 per
.share), payable Julv 15. 1010. to atockholdera
W Af record at the cloae of bu'lneas June 30.
rfSJS Ifll. Checks will be mailed.
Slft-U", I W. MORUIS. Treaaurer.
' uVriCK OF THE FRNKF0RI TRUST
w " a ruiiriiix i
A The tloard of Dlrt'Ctora have thl day de
k.tred the reeular aeml-annunl dividend nf
8.5J'. aeyen per cent (71 to the stocuhoidera as
tS- "pt record thla day. payable July 1. 1010.
fYi( lea Will ho mailed.
i;tlAtlljrja it. t,uii.r..ii necreiary.
-
rRorosAi.n
MOTICR TO CONTnACTOBS
B'Ji HTR1CKT IMI'BOVF.MhM AT SUN niLL
- Sealed propoaala. will be received by the
ltnf
Bjl c 'Imnrnve
'- I1 "''1
" Korth Cheater Realty Company at the office
. Mf the Superintendent of Street and Puhlla
'T ;fmprovernenta. City Hall. Cheat,,.. Pa Hn,
i njt at that time and dim wtn k.
.KMKTiTtf amiim ana nia.
The principal item of the contract and ap
4roi!mate quantity are aa- followa:
MRta. vrantta navlnr block relald aain
na vanli: bltumlnout macadam. 29. Ton
A.aw vara. water bound minrf.tn jnin
(,qu.ra yarda: concrete .foundation for par-
3111 JA.Q1W BIUa -aa.iu
.-. Piavatlon. S800 cublo arda. Embank.
L aJOO cublo Tarda; concrete curblna-.
'. Wf lineal feet.
lu 'wiana may D- eecn. rrcincjiu(mi ooiainea
2 .at th offlce of A. F. Damon. Jr.. Protect
FX5 aMr, eor- " ,na Kldlay Te..
a ' " Certified checka of 12000 must aecomoane
t,T ea,wn ymn-mai
0. BROWN. Vice Preeldent.
North Cheater R-altv Co .
fhetter. Pa.
ESt
m$-
June 4 loin
-. V TJM i'.ivrr.i . r.r. i-n.ir. Ifc.llv-
Bv? ROAD COMPANY, nroad "itreet station.
fSL .Philadelphia. June 10th. 1010 Sealed pro.
Rt Jr 'Mail, nrlll h received nt thl .ffl.. ttnlll
noon or the nrt aay or jnu. ii. ror the
ale. to thla Company at not exceeding nir
ef all or any part of en manv of the West
Jereey and Heaahore Railroad Compiny First
UA. r'nnenlldated sfortcaire PApne pa can be ae.
Bu (CUred-f"'' ,h" '"m nt J07.31T 72. applicable
E' to the SlnVI"- ""
IPv' tlrcrC.OYT:RN.MKNT SVLK OK .KCRUn
'&. M3r Penahea nn nnn block" cruiser-
W' ahaned beech. T"x2Tln;, 70 Tamnlco
VA- HW tuft"! f o. b.. Philadelphia. Sealed
n?5 Dla will O" opiiii i" i. m ..iiit o, lull..
at Aver cpr.. curniu i-r"periy iiiv., aium
'Jtlon Bid.. Waah'ncton D. C Particular.
. tfttn C VrniLinnnlv nfTlc lew Vnrlr nna-
tSv'Son Chlcarn. St I.onls New Orleans, San
W''" ' . .
I'wtFKSBrOOVKRN.MKNT rI,K OF OKW)
towfiUS' fomnvrelal niankHa Sealed blda
PUKfe'lll'bo opened 10 a. m., July n, r.110. at the
ErjiT'!Eft""'lu!p,y office. 21t at and Oregon ave .
-i'niiaaeipnia wn"ir 5 rucim r. epciei p'a
fcrwaa may be obtained, nerer to s. p. D.
frxnil. CE
-
'$r
STRrVQE FEATURELESS
WM COTTON EXCHANGE
Fluctuations Continue Irregular
S.and General Market Tone Is
Weaker Close Easier
High Points in Today's Financial Ncivs -
Fears of further tight money and unsottlement of the speculative
position, result in losses on the New York stock exchange. The weak
ness displayed yesterday continued in the local stock market. Busi
ness is small and recessions are the order in trading on thOjCurb. Fed
eral Reserve bank statement shows tremendous expansion in govern
ment deposits. Foreign excharige wus dull and the demand steady.
Renewed strength was shown in the market for corn. Cotton was
irregular. Commercial bar silver was higher in New York and London.
New York, June 14. Fears of further tight money and the unscttle
ment of the speculative situation cniised by the sharp declines in yesterday's
trading made the stock market today extremely sensitive to bearish In
fluence and the two hours' trading in general resulted in losses ranging from
1 to more than 5 points. ,
It was generally regarded as a mnrket that is for the present time con
trolled by the government attitude and, until a change in this attitude Is
indicated by redeposits of government receipts in member banks of the Fed
cial llescrvc Hank, uneasiness must be expected to continue.
That change, however, ii looked for within a few days and hopes wore
expressed thnt the trading in the coming week will be on a better bals.
United States Steel indicated the influence of this expectation that
market leader showing pronounced firmness all through the half day and
after declining to 10191 quickly recovered this loss.
The heaviest decliues in the active issues were in Texas Company, which
sold down 4 points to -'CO and in General Motors, which, after advancing
1 points to 2i;, declined to 200M., Studcbaker continued under pressure,
falling over 2 poiuts to below Oi).
The marine issues were directly Influenced by statements of the defeat
of the proposed liquidation plan.
In the early trading the common stock adnnccd 1 points to 40,
but started a downward moement from this price and was heay in the late
dealings.
The bond market was generally heavy and unsettled because of the high
money rates and changes were virtually all in the shnpe of declines.
Th Liberty issues were again actively traded in and the Victory 3
per cent notes continued to show n strong tone, belling at lOO.f.O.
NIT1ATIVE LACKING
IN WALL ST. TRADE
List Presents Little Change of
Interest Marines and
Motors Strong
Slork sales today on the New Yorlt
Exchange totaled 600,800 shares.
v JSTew York, June 14. Fluctuations, in
ithe cotton market continued irregular
tfvlay and the general tone was weaker.
Operations were on a small scale and
'-here was little feature to the trading,
Bs uuMays in a inrge measure represent -
; i"i 1-vi-uuiji up ior xiyvr 111c wn'K "I1U.
F3! .i. PI... ... - ! ... - l!. .!.!..
Wb I P,'A"P wfic vuijiu nuti-1 Ul inilliuil-
ESktiou and covering by shorts which kept
tiC flotations moving up and down.
1, KxpressionH of opinion were less
m joiijlisn, Decause 01 more favorable
ijjSftrcathcr, unsettled financial and politi
f.&cal conditions, comparatively bmall
M&cunsumption by domestic mills last
tjvmuuiii aa nuunu m u Muit'ilirui issued
s;rBt, me opening rjy me teaerai census
Scliitreau and bearish weekly statistics.
& The market closed easier at a net
d;k; aeenne 01 iouriecn 10 iweniy-ninc
MiWlkolnts.
?8f5-
WJti .-.'.
t-fk 1 "cinriuirc
bWiVinber ..
SrV.NnVrnber .
5JrtI'vemner .
KKinoary ..
z,ws:v. '
K).-r--7
New York, June 14. The New York
Evening Sun's finnncial review this
afternoon is as follows :
Zest and initiative were both lacking
in today s snort nnu ratlier colorless
session of the stock markei. There vrcri
weak groups and strong groups, tb
former including the oils and tobaccos,
and the latter the mnrines and motors,
although General Motors and Stude-
haker suffered a sharp setback in the
last half hour, but the list on the
whole presented little change of interest.
It was clear that the rank and
file of the street were thinned by ab
sentees and those who appeared for
business took only an indifferent in
terest in what was going on. The state
ment of the opposition in Mercantile
Marine that enough proxies had been
secured from stockholders to block the
sale of the ships to the British syndi
cate at Monday's meeting pushed for
ward Marine common to above 40.
The steels were narrow, with now
and then showing yielding tendencies.
due, it would heem
ns anything else,
X
cloae Open Hlch l.ow Ploae
at. 4.1 SI.'.'.', 31.40 31 113 31 'JO
31.30 31.30 31.30 31.30 31 30
30 SO. 30.80 30 RO SO SCI 30 SO
30.R.1 30.1V, 30,11.1 30.7,0 30.5S
2R.R0 2R RO 2S.R0 SS.xtl 2S RO
SO.KO 30.40 .111 R1 3H.20 30 'J.I
30 HO 30.30 30.4R 30.10 30 10
2S SO 2R.30 2S.30 2R.30 2R.30
30.27 30.1S 30.30 29.93 M.O:,
'Financial Briefs
Lj;A. New York banker is authority for
HHie statement that an aggregate of
KfijS:M,000.000 has been voted by metro -
to.-.-' folitan banks for use in bulldta? exten.
Sif.MOns.
yrM
. he liOndon htock hxcliange and the
'I.ivernool Cotton Exchange were, nnt in
pf.JeKjiion today.
' ip."M" .
1. . - rrhA '.w Vielr af,fpAno..- I 1
. " .MU. " v. ouub.i iwui J tJUlUCIl
ill C 7fU HH1 frnm tha hfi.iba vAa..lH
,l-HJ'w"' ..., .. wHuaa jdiviunj.
Application Jias been made to the
cjc Exchange to list Endieott John
I'Cornoration S15.000.O0O 7 tier ennt
leaulatlve preferred stock and S14.-
J.OOO common stock.
"et
rf LOCAL MINING STOCKS
TRADING ON THE CURB
SMSIULLYOLUIE
Market Shows Effects of Higher
Money Rates and Recessions
Are the Order
i4
it ji
i rt
v
.33
.82
.38
.10
O'K.
.18
l"
?B TONOPAUSTOCKH
ft"S nid
arNamara , . .
ray ........
wh nxtenalon
Ffh Ptar ,.7-
e Kuia, . ..
' Knd . . . .
Wji, OOLDKIELD STOCKS
,J...,....,V .... .03
HUH .. L .. a ........... . .0
it) ilJ-,i"'' na
iuiieiu s. (. ,.,,. ,ui
Jit - .4. .. f , .III
aa, .-.. . -.,,. . .03
. ,...... ............ .0.!
rick. ....,..,,,..,,, ,on
ad. .. .. ......1.,, .OS
"MISCELLANEOUS
United 20
.'Wonder ............ .00
. MlntfiB .08
A-k
r .311
,8T
.40
.11
.23
.11
.20
01
.03
.11
.0.1
.03
.03
:XZ-
.10
.25
.fiO
.11
tfV 't
, tte,i
t-i;
GOVERNMkNT B0ND8
&lM t-oupon 21. 1830... ...
0BaL.ailcr-u ai ivooi, ,
una eotioon 3a, 113S... ,
.ran. H'alatered 2a. 1U38....
una' couBon 3s, lBOi... . , ,
ia Wfi;a aa. mil.,,.
Ina la. 134. .1... ... .
pjive -4a. 13.,..,; ,,,
aa lawai... .,,.,.,
Iiii?"'.'
r.VV
Kg ??'"
0S14 8W
R 02
89 02
DO Oil
00 Brt
BO. Bit
H '
as much to neglect
The snmc thing could
he said of the rails and coppers. United
States Rubber was an outstanding fea
ture of strength in the first hour.
The news of the day attrncted scant
attention as markctwise factors. Fur
ther delay in the consummation of peace
hopes worked for caution perhaps, but
high money and tnx payments had nl-
readv done as much in thnt direction
as was needful.
The course of prices today was in
numerous quarters accepted ns an in
dication of n better tone to the market
next week when taxes will hac been
paid and money supply might be ex
pected to be easier. Turther color was
given to this view by the reported prom
ise of the Western Union to provide
bankers and brokers aud holders of
leased wires with expert operators
should the brokers' division decide to
go on strike.
That America must gird its loins to
help Europe and thus help itsejf by ex
tending credits that international trade
may survive has, of course, been known
all along to the .financinl fraternity.
but Mr. Davison's exposition at Chi
cago will serve the useful purpose of
emphasizing the need to the couutry at
large.
According to the federal reserve board
credit requirements will call for as
much as ?3,000,000,000.
There was no consistency of trend nt
any time, much less in the second hour.
While the motors relapsed several points
nnd Baldwin and others turned heavy,
the list as a whole held Us own pretty
well. Utah Copper was bid up to 00.
Pressure was exerted againsf Itoyal
Dutch. War loan bonds were soft.
There was nothing in the cotton con
sumption report to influence the price
of that staple
Movements in foreign exchange were
mixed. Sterling held steady while francs
advanced some 7 centimes to C.34. Eires
were down IS points and kroner tended
to sag.
The business of the country displays
every indication of continued expansion,
according to the trade journals, despite
labor controversies and political uncer
tainties. In some lines, of course,
there are more quiet conditions, but
these are traceable to seasonable in
fluences. Delay in the peace negotia
tions has proved to be an obstacle to a
full measure of progress, but the ten
dency is unmistakably forward and less
U heard about deferring Important
commitments.
Itetail distribution Is in heavy vol
ume, the maintenance of high wages
more than overcoming the lack of any
thing suggestive of a downward trend
in commodities prices. Perhaps the
most telling single element iu sustaining
business is the extraordinary outlook for
tha grain crop, particularly wheat.
Bank clearings this week were some
what below the record total of lost week
but Mill bold above the $8,000,000,000
mark, the actual aggregate JiEvinr been
98.1iS.STii.-J&9, agalust 98,3fl5,W2,402
lat, week a
New York, June 14. Business on the
Broad street curb was influenced again
today by the pressure exerted on the
stock exchange as a result of the higher
money rates and many stocks showed
recessions in prices, although trading
in all cases was small in volume.
Excello Tire and Rubber, in which
there is evidence of strong Philadelphia
interest, ujiis one of the new rubber and
tire issues that lias attracted attention.
The stock showed a firm tone in today's
trading with a moderate amount of
business at 0V4.
' Savoid issues were lower, Savold Tire
dropping from 57 to D5 and New York
Savold at 54 to 53'.. Ohio Savold was
pltiadcd in at 30. Martin-Parry was
steady, selling at -TJ to 1'8.
General Asphalt was traded in at
00-4. Allied Packing was one of the
most actie issues, ranging from 02Vj
to 02.
Aetna Explosives did not respond to
the statements made by the rcorgauizers
and sold nt 104 to 10.
Midwest Itefining had a further de
cline nt 2 points to 175. Sinclair Con
solidated sold at 50', to 40 and Sin
clair Gulf was traded in at SO'i to
5S')i .
IMJUSTRIAL.S
Aetna Hxplnsitea
Am Urlt Mfs
Am Marconi
Am Wrltln Paper . . .
Mr Reduction
Canadian far Co ....
Con Cur t. Fdy pfd ..
ClMrco-il Iron
'herolet Motors
Cramp
Curtlss Aeroplane
t-arwen Tool
Carbon bteel
Emerson Phonograph .
Hendee Mfff
Lake Torn Boat
Lehigh Coal Safes
I.lma Loco
.Maxim .Munitions
.V Y Shlpbulldlnc
North Amer Pap Pulp.
Oils Elevator
Peerless Motor
Poole Knsr
Sorlpps-Booth
Standard Motors
Steel Allois
Submarine Boat
Todd Shipbuilding
Trlanitle Film
t'nltert Pront Sharlnsr ..
U S steamship
1'nited Motors
World Film
Wrl.-lit-Martln Air
Bid
10i
. 3
: r4
. 50
. 21
. SO
. n
.210
.130
. 1.1
. 3
.100
:,?
id
: 43
:
. 38
. 30
. 3.1
. fl'a
. .1
. 1HV4
.11.1
. 1
. 2Vi
. 3
. 30
. N
8tt
Test close
Ask (sale)
lOVi 0
n
8
ns
.15
no
8
300
13.1
II)
134.
110
7
2.1
..
40
87
40
r.i
GO
7
8
17
117
&
3H
5,.i
n'i
s!.
3'i
Illinois
Ohio
Prairie Pipe
S O Cal . . .
S o N J
SONY ..
STANDARD OIL
17.1
37.1
201
27.1
710
375
180
380
300
20
71.1
3S0
278
!!)? Mil,
in 101!
lot, JOU
8 3tt
20 2S'-i
122 118
27i 20
177, 178
5 av.
it "kr. :-
rSj .Ml Mil.
3b VA
" 071
INDEPENDENT OIL STOCKS
Harnett Oil X nau .&.
Commonwealth ',... ,10
Cosden & Co 10H
JjlK Jlasln 10
Federal Oil 31,
Inter Petrol s
Houston OH us
Merrltt Oil 27U
Midwest Reflnlne 17.1
Met Petrol 314
khduIm Ret'!!!;!!!!!!!! "s
Sequovah
Sinclair BR
Island 74;
Ulenrock q(I
MINING STOCKS
Hie Ledze ',,
Boston & Montana 73
Butte New York
Con Arlzonav . . , U
C F H t Jerome 5
First National li
Ooldfleld Merger , . 4
Oolddeld Cons 17
Coldfleld Florence 4S
Oolddeld Kewanaa 3i
(Ireen Monster 4a
Hecla Mlnlne nil
Howe Sound 4H
Independence Lead 3
Jerome Verde H
Jim Uutler 34
Jumbo Exfenslod 12
McKlnley-DarraAl , . OJ
fcX
Maama, Coddcc
Mother Lode ,
Mlnea Co of America.
Nevada Hllla
Nevada Wonder
Nlplsatng
Ohio Copper
Rtty Herculea
Tonopah Extension . .
United Verde
Wet End Con ... .
White Cap , .
Yerlnxton 1
4014
ft
18
5
BONDS
Bethlehem 7s
Cosden Oil 6a
Coaden Jfc Co 6a
Cudahy 7a
Russian flovt 15 a
Russian Govt (Hi a
Southern Hallway
.102!
, 8
, 98
'MP
. M
. SOU
.1
m
S3
.1.1'
14
01
38
43
.
J
II
20
a
102
103
103
IAS
49
R3
2r.
1A
.J
11 i
211
48
B1V4
N)EW YORK STOCK SALES
Hlch
Adams Ex ... 51
Adv Itumcly . 44
do pref .... 74
AJax Hub ... 80&
Alaska Gold M. .1
Alaska Juneau "
Allls-Chal Co . 42
Am Beet Sug . 84Vj
Am Boscl 100"H
Am Can 54j
Am Car & F C.104
Am Cotton Oil. RH
tn Druggists . 12
Net
Cloae ehre.
CI
44
74 U
OH-4 I'B
a-
41
84 U
no-ft 100 . .
54 54
104 104 . .
58 58
12 12 U
Low
51
41
7.1
SOU
3
2
41
84
Am II & Ether 32 31 31 1
.123 123 123 1
.104 102 103
05
73
on
00
04
73
09
00
81
80
04 1
73
on ..
00 ..
81
81
do pref
Am Int Corp
Am Ice Sec.
do pref
Am Linseed .
do pref . . ,
Am Locomotive 81
Am Smeltlne . . 810i
Am Sum Tob..U4 113 113 Vj
Am Steel Fdy. 38 37 33
Am Sugar ....131 131 131 1
Am Tel & Tel.100 100 100
Am ,Tob pf n.101 100 101 1
Am Wool ....112110111-1
do pref ....103 103 103
Am Wr P nf.. 45 Vi vs-f '
Am 7, & Lead. 21
Am Z & L prf 59
Anaconda .... 71
Asso Drygoods. 50
Asso Oit 88
Atchison 0S
AtlGlf & W 1.172', 1TO
Bald Loco Co.. 100 VSft
Baltimore & O. !
Ttnrrett Co 13.1
Batopilas Min.. 1
Beth Steel B.. 80
Brklyn Itap Tr 2S
Booth Fish Co. 21
B Cop & ' Co 12
Butterick Co.. 35
B & Sup Cop 23.
Caddo Cent Oil 45
Cal Petroleum. 34
do pref .... 81
rnl ToMr Cn - 07
Cana Pacific. .101 101 'M 101 .
Cent Fdy Co pf 40 49 40
Cent Leather.. 100 00 100
miva-r "s
21
59
70
40
88
03
50
134
1
88
28
21
12
33
28
43
33
81
07
-iyj v
59
71
40, 3
88 1
03
172
09
51
134 1
1..
80
28
21
12
352
28
43 1
33 1
81
07 1
9
42
08
2G
00
77
25
44
SO
40
55
200 1
04
0
42
0S
20..
C0 Vs
77 1
Cerro dc Pasco 00 Vj 4i,'4
Chandler Mot.. 200 200
dies & Ohio. 04
Chi Gt West . . 0
Chi M & St T 42j
do pref .... CS
C It I & P t c 20
do 0 p c pref 60
CRI&P 7 pc pf 78
Chile Copper ... 20
Chino Con Cop. 45
Cluett Peabody. 80
Col Fuel & It. WVi
CM Gns & Elec 55
Consol Gas ...100 10U
Cont Can 05 03
Cont Int Cal... 10 10V6
ri TlrrwIimtS.. 04 G3
d0 pref 107 107 107
Crucible Steel. 00 87 00l
rli Cane Sug 31 33 34l
do pref .... 83
Dome Mines .. 14
Elk Horn Fuel. 35
17?s
28
85
20
45
80
40
55
100
94
10..
03
14
34 ,
17
28
81
112
32
82
83 Va
14 ..
35
17
28
81 3
112
32 1
83 ..
Erie
do 1st pref
Fisher Body.
Famous Playersll2
Gaston Will's. 33
-!rl PJenr C 83
General Elec ColOl 101 101 ..
General Motors 213 200 209-2
Goodrich, B F 70 ... i5-
Great North pf 05 o 0o-
Gt Nor Ore subs 40 40 40
Greene-Can Cop 42 42 42..
Gulf States Stl. 04 03 03
Hartman Corp.. 81 80 S0-
Haskell&Barkr 01 00 01
Illinois Centrnl.100 100 100 . .
Int Agricul .... 25 2.j 2.j-
do nref " "' ,
Insplra Copper 5S 58 58
Interb-Con Cor. 7 7 -
do uref 27 2. 27
Int1l C (new) 142 131. 1WJ4
Int Mer Mar
54
20
120
49 48 40IVj
117 110 110
53 04..
28 29
00 22
120 120 . .
38 30
99 100
82 82
53 53..
31 31
73 73 . .
180 180 2
44 402
71 71 2
37 37 .
May Dept Stre.101 101 101 1
Mex Petrol ...179 176 177 -1
Miami Con Cop 27 27 27
Midvale Steel.. 40 48 40U
M & St L new. 17 17 17
Mo Kan & Tex 8 8 8..
Mo Pac -10 30 30
do pref 55 55 55-
Nat Acme 30 30 30 ..
Vot r A- CM 20 20 20 ..
Nat Biscuit ...125 125 125
do pr
Inter Paper .
Int Nickel . . .
Kan City So .
Kellv-SoKfield
Kcnnecott Cop 40
Kev Tire & B.101
Lack Steel ... 82
Lehigh Val .. 53
Lee Rub &Tirc 32
Lse-W Bis Co 74
Lorillard P ...188
Maxwell Motor 47
do 1st pref.. 73
do 2d nref.. .
DIVIDENDS DECLARED
Bloss-Sheffleld Steel and Iron Company,
quarterly of 1 per cent on preferred, ray
able July 1 to atock of record June 21.
Manatl Sugar Company, dividend of IK
per cent on preferred, payable July 1 to
stock of record June 16. .
do pref 110
Nat Einan & S 70
Nat Lead 78
Nat R H of M
!d nref
Nevada Con Cp 10
N OT & M... 38
New York Cent 70
N Y Dock .... 30
N Y N II & H 30
N Y Ont & AV 23
119 110
73
78
74.-1
78 ..
n
10
38
78
30
30
2V.
Norf & West.108 10S
BAR S!LVER
Commercial bar silver was quoted In
New York today at S1.11U an niin.
,212,788,420 U thl The price la I-ortdon was 54 J ii
Northern Pac. 00
Nova Scotia Stl 85
Oklahoma 10
Ohio Gas 55
Ontario Silver. 8
Owens Bottle.. 57
Pacific Mall .. 39
Pan Am Pet . 02
Penn R R .. 45
Peoria & East 13
Peo Gas & C . 52
Fere Marquette 24
do pf lOr pfd 07
Philadelphia Co 38
Pitts & West . 30
do pref ... 83
Pierce Arrow . 59
Pierce Oil ... 23
Pitts Coal ... 01
do pref .... 03
Pond Crk Coal 10
Punta Ale Sug 01
Wrcssed Stl Car 81
Pullman P C..120
Ry Stl Spring. 01
Ray Con Cpr... 24 24V, 24-. .
Reading 87 80 80
Repub Mtr Trk 52 62 C2 V.
Rep Ir & Stl.. 87 80 80
do pref 104 104 104
Royal Dutch'.., 1 J0 107 108-r-2
do new 110 107 108 2
Savage Arms... 09 0!) 00 1
Saxon Motors., 10 1010,
i is a. a .,v AVltaJV-Hli.
0
10
38
78 1
30.. .
30
23 ..
108 ..
00 ..
83 lij
10
54
8
57- '..
30 ..
01 1
45
13. 1
02'
23-
07 ..
38
30..
83
C0
22'
01
03
10 '
01 ..
81
125 120
00 01 1
1MVJ
82
0
54
8
57
30"
01
45
Jo
52
23
00
38
39
83
68
22
00'
03
10
01
80
Net
Hlch Low Close chRC
Sls-ShlT St&Ir 02 02 02
Sinclair Oil ... 50 .68 68 1
South'n Pacific.105 104 105
Southern R It. 30 20 30
do pref 09 09 09..
Stromberg (Cb) 55 64 55 -f
Studebakcr ...101 08 09 1
Stutz Motors . . 70 00 70
Sup Steel .... 47 40 47,"
Tn Cp & Chcin 13 13 13
Tex . Pacific. 40 48 41)
Texas Co ....202 250 200 3
Tobacco Prod.. 103 102 102 1
do pref 110 110 110
T, S L W pd ct 18 18 18 . .
Union Pacific. 132 131 131..
Unit Al Steel. 51 50 51
United Clg Sts.154 152 152 1
United Fruit .182 182 182 2
U Ry Invcstm 12 12 12 . .
U S Cast Iron
Plpo & Fo. 32 31 31
U S Express.. 27 27 27 1
U S Ind Ale. 150 147 140 1
U S I A pr..l08 108 108 ..
U S Real Imp 47 47 47 ..
U S Rubber .110 114 1151
U S Food Prod 75 75 75
U S Steel ...i00104100
do pr 110 110 Il0
Utah Copper . Pl 88 00 1
Vn Car Cbcm. 75 74 75
do pr 113 113 113
Wabash 10 10 10
W Maryland... 11 11 11
West Pac .... 22 22 .22
West Un Tel.. 80 80 80
Wcsthse Air B.117 M7 117
Westhse Mfg
do 1st pref..
White Motors..
do rts
Wlllys-Overld.
Wilson Co ... .
Wis Cent ....
Wool worth ...127
Worth P & M 76
llO'ft UK iuyj
H 11 ll
50 50 504
1 '1 1
34 34 34
02 00 91
38 38 88 ..
14 127 1271
74 70
do pref A.. 90 90 00
do pref B... 77 77 77
Total salea reported on New York stock
ticker. nnS.ROn aharea. nnmnared with
1,409,700 shares yesterday: thus far thla
week. 8.100,800 aharea; aame period last
week 9.813.200 shares.
New York Bonds
Sales In ...
$1000 MB" Lw C10l,
30 Anglo-French 5s 97,' 9i OTA
11 Am T & T Cs. . .103 103 103
1 Atchison 4s 82 82 82
1 Erie cv 4s Ser B. 48 48 48
20 Lib Bonds 3s. 99.52 99.52 00.52
15 do cv 4s 05.02 95.02 05.02
120 do 4s D5.40 05.32 95.32
0 do 1st 4s. . . 05.40 05.40 05.40
ISO do 2d 4s. . . . 94.20 U4.14 m.i
104 do 4th 4s . . 94.30 04.20 04.30
272 Vic Notes 4s. 09.98 09.94 99.08
45 do 3s ...100.30 100,30 iuu.au
15 Norf & W cvt 0s 108 103 108
1 Ore Short L 4s. 80 S0 80
15 South Pnc cv 5s 100 106 100
10 Third Ave adj 5s 38 38 38
2U S Realty 5s. 77 77 77
1 U S Steel 5s.. 100 100 100
138 U K of G B &
I 5s 1021 08 OSii UH
3 U K of G B & '
I 5s 1037 09 00 09
Total aalea 13.222,000, compared with
Iin.793.0OO yesterday: thus far this week,
J7T.278.000: same period laat week. 63.-
246.000.
uU
BUSINESS NOTES
- i . j )' j i.i i i a;
Commertlal failures, this week la the
United States aro 89 against 120 last
week, 00iia4Ue,iprecedins week and 29
the corresponding ..week last year. Fail
ures in Canada number 10, against 13
last week, 0 the preceding week, nnd
18 last 35941;..
Via"! '
For the, first time within the memory
of those long connected with the jew
elry industry In this country buyers
for English' co&cerns are in the local
market for large quantities of American
goods. '
Increased activities In various lines
of industry have, resulted in an im
provement in the sales of mechanical
rubber goods. During the last week
manufacturers of belting, packing, hose
and other lines of mechanical goods
have received more orders than in any
week lor some time pnst.
Jobbers and retailers are complain
ing that deliveries of fall shoes are not
being made fast enough at this time
to assure them of adequate supplies
when the buying season opens.
A quller market for copper was re
ported yesterday, with no change in the
prices quoted by the leading selling
agencies. Large amounts of copper
were being offered for August delivery
at 18 cents a pound, while the June
delivery was at 17 cents and July
at 17 cents.
Fluctuations In merchandising ac
tivities during the week ending June
14 indicate that purchases decreased
six-tenths of 1 per cent from those
of the preceding week, while indebted
rjess receded three-tenths of 1 per cent,
but payments on accounts increased
six-tenths of 1 per cent. It Is said
that these conditions, with continued
activity in nearly nil manufacturing
lines, render the merchandising outlook
promising throughout the United States.
The War Department will open bids
for the sale of more than 100,000,000
pounds of surplus canned meats on
June 20. Various charitable institu
tions have' been circularized.
BUTTER, EQQ8 AND CHEE8E
New York. June .14. RUTTER Steadv
an advance Receipts .14.888 tubs. firi.
acorlni. ns. wn4tc: "extras. R3'i BStic:
,.fi99aFlna ? hlh aradee. Recelnta,
1S.88T cases. Freshjiathered extras. 40&
40Wq storage' packed, extra firsts 4755
4Sltc: storeyMcked firsts 4SV4 47c: e-ath-ered
extra, firsts i. 41554 W47c- firsts. 4lfi
U2i ona.7' Js ?AVfn ci "'rues. No. 1, gg
aflc: No. 2. 3(16370: checks flS7o: atati
". n.Ar.?r. An&.wn"".0r.: "thi
rr,u . ..-... n.irni wnilSS. 47
4hs.1"c; state and nearby hennery browns'
W)Mc:.athered brown and mixed colore
CHEESE Irreaular Recrlpta. 2001 brxes
re run.
wh tea.
Flat, current njaue. coiorea. average
iU!: iubk
3
.averaae .run,
3tVi 3 Hie;
?.t, currcnt mAt
Xllfe KSSII ! inn. . .-.!,
white specials. 31B8H4c
r No Change In Refined Sugar
New York, June 14. Prices for re
fined sugars today" continued unchanged
on the basis of 0c, less 2 per cent for
cash for fine granulated. The Federal,
Warner and National mi still with
drawn, .wnus .AruucKie urotuers are
withdrawn' on granulated, but are ac
cepting business Jo the ioft grade, 10
to -lty-'lBClusiTf, as i-u poinu concw-
i-Lu, ' are. uxtciiaaffad nTMaL. eu.
I Philadelphia Stocks
tiOW
80
73
D
84
71
100
38
on
48
10
.45
35
25
28
24
87
3fc
09
Net
Close chffe.
80
73
84-
71' 1
100 5
38-
1074
on -
48-
10 -40
.
X
1
1
100 Am Sm.( 80
22 Am Gas. 73
600 Am Mill. 0
2580 Elec Stor 85
50 Gen Asph 71
100 . do pref.100
100 Kcnne C 38
WO Lk S Cor 10
10 Leh Nav. 70
50 Midva'le. 48
200 Nov Cons 10
582 Pa It R. 40
50 Phlla Co
cum pf. 35
180 Phil Elec 25
B2n.Il T tc 28
200 Ray Con. 21
25 Reading. 87
10 Ton Min. 3ft
70 UG I... 60U
050 U S Stl.105 105 105
v , 1-01IUK.U UU UO 4)lj ,,
5 W J & S 42 42 42H-
OWcst C. 74 74 74 .
200 AV Cra'p.133 132 132 1
Tn.nt .!.. .A9n ..
u ms .v..... "'u Buareo. compared with
JH2? "t"". yterday: thus far this week.
aame period laat week. 47,200
35-
25..
26 1
24-
87-
3ft ft
00
8.1.481 shares
snarea,
?1000 A Ice 4s 41
200 Am G &
Elec 5s. 84
400 El & Peo
Tr 4s.. 70
000 Phil Elec
1st 5s.. 05
BONDS
Hls-h Uhw
41
84
Close
41
Net
chse.
'84
70 70
05 05,
-1
1
Total salea. f.lAnn A. .. .. .... .... ..
yesterday:" thus faf th Is weV V96 50
same period last week. i'Tmo: '-88,850'
Local Bid and Asked I
American Stores ,
HalUWin !....
Brill. J O .......
Buff & Susq ....
do pref ....,,,
Cramp t c
Electric Storaae
Cleneral Asp ....
..do pref ......
Keystone 'Tel . , . ,
qo prei
5ffih8.FfP."" IS
Lehigh Valley ..;" s3
benign vaiiey Tr . 14
do pref j. an
Penna 43a!
Phlla Elec . 2V2
Phiia co :.;;; 3
no o per cent pref 30
uu ,. ut-r cent nrer x
Today
Bid Ask
. 00
. 4S
. 73
MK
.182
. 84 "4,
. 70
.103H
n
48
Phlla R T
Reading
Ton Belmont .,
Ton Mining ..,
union Traction
IJ S Slee'l''""
York Railway .
uu urei ..,
SZ't
a Of
::: 3tt
::: 81
Yesterday
Bid Ask
J' 23 23
100 II8V4 09
47 45 48 I
7 7.1 78
B1 B2W ,B1
13.1 132., 140
M SijH 8.1i
71 flil 70
108 106 108
10 .9 10
60 48 B0
io"4 nW M
B4t4 B3H B
28 2(1 28
48., 46 46U
21S 2.1V4 2.1I-,
3D 38 80
.12. 30 32
3S1 3.1 3.14
-1 27 27"?
8I 87S 5S
2s 2 8
8Ji 3 au
80J4 38 39
BOtl 119 COM
12 loiti 101(
io 9v5 low
32(4 32 32(4
N. Y. BANK STATEMENT
Increase In Average and Actual
Loans Reserves Lower
New York, June 14. The New York
bank statement this week shows in
crease in average and actual loans and
decrease In reserves in both cases.
Details follow:
AVERAGE
Loans 1.1 lift non nnn
Net demand rfen. .4 11T on'nnn
Net time deposits. 15o'.BS3!ooo
Circulation 38,360.000
vaulta.
member
Cash In
Kes. in
banks
Res. In state banks
and truat rmn'n
Res. In state banks
ana trust comp's
depositories
Aggregate res. . ,
Res. reoulrerf
ourpius
Decrease.
1)0,426,000
B18.740.06o
12.430,000
11.237,000
672.40.1. nnn
646,404,680
Increase.
J60.363.00u
17,888,000
SOI, 000
200,000
1.0111,000
18.407,000
41,000
".103,000
17.043.OOU
2.411, 78U
'nVu." ; 27,600.320 41,0312 -0
De'cre.?tate" dePlt deducted. 13771 725
ACTUAL
15.133,419.000
Loans
set demand de-
Net time depoalta. 161. 040,000
circulation 3S, 272,000
Cash In vaults... 98.41s.ooo
Reserve In memi
ber banka 622.672.000
Reserve In state
banka and trust
comnanlea tn inn nn
Reserve In state
banks and trust
company depoal-
torlen . to ont nnn
Aggregate reserve 647,339,000
Reserve required. 647,993.0,10
Deficit 630.030
'Decreaae..
J2i.O37.000
43,034,000
2.917,00,1
4(4.000
49.000
33,102,000
239,000
470.000
32.373.000
.1.738,210
88.111,210
OUTSIDE BANK STATEMENT
oia.c aAnna
ELECTRIC STORAGE BATTERY'
F LP A flf iHAf T iif A T LPvrLMAAIf'Lfiti
. . -..vc
Issue Shows Irregularity in Days Short Session United Stales
Steel Only Other Stock to Receive Attention .
The wentinpRS Ihnf Tcnn llfanlnveil nt vnsterrlnv'a attaainn nt inn PMfnrlAlnlttn
stock market was continued throughout today's short session and In generat the .
i.:. - - t ft.i. " r a
iiiuincL nun u iiikkuu uuuir,
Electric Storage Battery continued to take the prominent place tn the
transactions. The stock opened at 84V.. against n close Inst tileht nf RTilA. with j
the sales that followed ranging from 84 to 84 and holding a recovery to 84
to 84. . .
The steel shares were weak and received little attention, except for tJie,3
TTnltf,.! fttntfie Sttf.nl leaiina wMM, flnleiind ferttlnnnlln' Inn... .f(,l.,n1n .mh m.s- '1
U....V... .j.u.u u.b. . .UU..VU, ......... .aM.OUVU IIUL.lVUUIIj .VIIlll .IllU.UInUO tO"3- A
cialiy weak, showing ni decline of morq than a point on a sale of fifty .shares, ;'
Cramps was .off 1, Philadelphia Electric was unchanged and United dasi
Improvement lost . Trust certificates of the Phllndelnhln Ilnntit Tranatti .
Pnmnnnr frnfnerl n full nnlnt. f3
The bond section was uninteresting. I -
The rhiladelnhia Rapid Transit board meets late on the comlnir' MnnrJn.! S
afternoon and it is expected that the earning statement for May will be Issued'a?;;
then, it Is believed In the financial district that the improvement of April will.
nave continued turougn .May. , ' ,
D..rl l c t i? . ei. i
uujjuiu anu. jusquunanna earnings anrintc . ( ." -si
I
road
same i
month
X70.ft32. with flip not. nnerntlni. dpfirif-. fnr thp nertnil ulinwlni nn Inmu... s.
liri' L -' " ,.-..- ""'n 'n VI i
310,130. " ii
'
J
tcporting for April and four months, the Jluffalo and Susquehanna Rail-',, sjg
gives April gross earnings of $150,300, as coiuoarcd with S1G8.050 th 3
month last year, or a decrease of $7741. Net operating deficit for the- V,
incrcascd $08,820. Four months' cross was $600,808. a decrease ottt S
RENEWED STRENGTH
SHOWN IN CORN PIT
July Leads List on Advance in
Hogs and Firmness in
Cash Article
s
Chicago, June 14. Renewed strength
was shown in the corn market in the
initial trading today und;r the lend of
July and influenced by a further ad
vance in hogs and firmness in the cash
article.
It was thought that the technical po
sition was perhaps a little overstrained
on the long side, and selling orders
.brought about recessions from the top,
.1 l.l. 1. ........ .a.. uantltnnnt
JU U1C WI1UIC, liunuvi, otu..vuv
early remained bullish. Weather con
ditions were most favorable for the
crop, and uncertainty over the telegraph
labor situation induced some evening
up. -The receipts were 150 cars.
July opened nt $1.73 to $1.72,
against $1.72 at the close yesterday,
and then rallied to $1.72. September
started nt $1.00 to $1.00 at 'the out
set, compared with $1.66 at the close
yesterday. December opened at $1.43
to $1.44, against $1.44 at the close yes
terday, and later sold at $1.43.
Oats sagged after a fairly steady
start- Trade was limited and sentiment
nervous., Local'intcrests were inclined
to press the selling aside, owing to im
proved weather and less apprehension
about the outlook for the new crop. The
receipts today were 173 cars.
July opened at 09c to 69c and later
sold c below yesterday's close,, at 69c.
September started at 68c to 68c,
against 08c at the end yesterday,
and, after touching 6Sc, receded to
6Sc. December stnrted at 08c to
68c, against 6Sc at the end yester
day. The receipts of wheat today were
seventeen cars.
Leading futures ranged as follows:
Corn (new delivery) Vea'day's
Open High Low Clou close
July 1.73 1.7.1W 1.72U 1.78W 1.72K
Sept.... 1.UU l.VT 1.63ft 1.06 1.835.
69
081.
j pats
truly. . . .
Sept....
Lard
July. ... 36 00
Sept.... 35.40
Ribs
July.
Sept
Pork
July.... 32.00
Sept.... 49.60
89J4
:i9'
09
68
07 f J
60H
Six
68V
.16 3.1
83,70
28.33
28.25
62.00
49.05
.13.40
84.50
28.10
28.00
Bi.es
40.0.1
83.80
34.85
28.30
28.12
8$
8.1.83
35.25
28.27
28.17
61.83
49.30
lnveat-
Inc
bank
1629.678.300
V a.Rnvnn
27.891,200
66,046.800
750.365.400
109,891.000
J4.991.800
247.800
179.200
I
646.800
730.300
2,297,000
,3
J7.086.800
118.300
Loans,
menta
Gold ....
Currency
notes
Deposits Federal
Jteserve uank of
rvew Vrl .
Deposits ..'.
neserve on de
posit
Percentage of reserve.' 20.6
TRU8T COMPANIES
Loans. Invest
ment a . ... . . . . . x las OTl OAA
P.l! . 11.'S37.'800
uurrency Dank
notes . 21,070,000
Deposits Federal ""i"v
neserve Bank of
New York Oln Knll -nn
Depoalta 2.207!53j!800
Reserve on de-
oojita 303.470,000
Percentage of reserve, 17.6
STATE BANKS AND TRUST COMPANIES
NOT REPORTING TO CLEARING HOUSE
Loam. Inv.nlm.nli loin nm tnn ... inn nnn
xm '"o'VI'n. ""Zr.""V
uv.u -. .,... . O.-IIU.AUU
currency bank notes 17,400.200
Deposits Fed. Res. '
Bank of N. Y .. 68.069,800
Total deposits ... 849.704.600
Net depoalta .... 7119 44R nnn
Res. on deposit .. 137.463.600
Percentage of reserve. 20.2
Decrease,
82.400
7.973.900
12.122.180
10.193,100
1.6
30,000
223.200
'2.841.700
6.663,100
B,978,O0O
v2,384,3O0
k .!
GAIN IN BANK CLEARINGS
Business 30 Per Ceqt Greater Than
This Week Last;Year
Total bank clearings of all the clear
ing houses in the Uuiced States for tire
week ended today were $8,112,552,489,
against $8,355,842,492 last week and
$0,242,788,420 this week last year or a
gain as compared with the correpsond
ing week in 1018 of 30 per cefit. Vhll-
adelphia's increase, as compared with
last year, is 18.4 per cent.-''
Details follow:
Inc.
1019 1918 P.O.
New York. J4, 012.819,884 12.763.146.350 43.1
t,mcago , .
Philada ,,.
Boston . . ,
Kan. City.
St. Louis,,
Han Fran..
Pittsburgh..
Detroit ...
Raltlmore. .
LN. Orlerana,
MONEY-LENDING RATES
PHILADELPHIA Call, 5 per
cent; time, 50 per cent; commercial
paper, three to six months, 55
per cent ; six months, 6 per cent. '
LONDON Money is quoted at 2
per cent. Discount rates, short bills
3 per cent; three months' bills 3
per cent.
BANK CLEARINGS
Bank clearlnga todar compared, with cor
responding day last two years:
1010 1918 1917
PhHa-...J78.0l)7.99n J.18.B46.2U $67,961,418
Boston .. 04,018.243 82.645.063 60,223.933
RESERVE BANK REPORT
48U.680.HU4
371,031,098
303.804.901
173,46.288
186,937,068
109,286.174
112.318,700
73.049,608
67,003.880
64,770,699
408,823,963 17.0
313.433.143 18.4
287.899,948 .1.3
137,410,130 26.2
139,031.203'M.R
86,541,023 211.3
93.776,786 19.8
60,728.481 44.0
64,289.670 4.2
t4,86T.&20 44.4
Kl.v'n cltlea
5 days.. .13.004,673.774 J4.S91.27
uiner cities
S days,, 903.418.297 771,
'7'
,46,8,
071 34,6
208 17.4
TU all cities
S days . 18,810,090.071 16.182,741,179 31.0
day'!!.. 1,302,482,418 1,080.047,230 20.6
T'l all Cities
for week J8.112.9S2.4S9 16.242.788.420 30.0
Decrease.
Tremendous Expansion In Govern
ment Deposits During Week
A tremendous expansion in Govern
ment deposits and in discounts of bills
secured by government war paper as a
result of the heavy withdrawals of gov
ernment deposits this week is shown in
the statement of the Federal Reserve
bank. Government deposits on June 13
were $43,880,884 as compared with
$430,500 on June 0. During ,the past
week the Reserve bauk withdrew gov
ernment deposits from institutions in
this district amounting to $50,180,509,
of. which $42,278,420 was paid on
Thursday.
Although banks had the privilege of
using treasury certificates maturing
June 17 and July 1 to make payment
on withdrawals many institutions bor
rowed from th'e Reserve bank to meet
mie government calls as discounts secured
oy war paper increased Dy $3U,4U0,775
to $101,2701000.
A? a result of the week's transactions
the Reserve bank shows a new high rec
ord in discounts of war paper at $101,
275,000 and In total resources at $447, 1
043,358. Ou January 3 the total re
sources touched $434,512,230.
Ratio of total reserves to net deposit
and Reserve note liabilities was 40.7
per cent as compared with 43.2 per cent
the week before,
LIVESTOCK QUOTATIONS
Chicago. June 14. IIOOJ Receipts. 7500
head.v Market moatly 1520c higher than
yesterday-a. average. ..Too 121.23: bulk.
$0.8.1 A 21. 1.1; heavy, J20 0521. 15 medium
2Oo02I.23i llahj weight l2n.B02t!20i
FOREIGN EXCHANGE
New York, June 14. The fore'ign
exchange market today was dull and
the'demand steady, French exchange was
firmer while pesetas eased off slightly.
Quotations were; Demand sterling
4.61, cables 1.02 j lire cables 7.00,
checks 7.02; franc cables 0.33, checks
0.9S': rWMtas cables 10.04. checks
- - ......- .. . r -. -'
light. ji8 2;3'
J20.25 tl 20,60:
pigar J 1 7. 75 18.
LAI
'acklng sows. $19,78020.25'
.75.
E Receipts, 300 head
compared wjtb-week. ago. Good and choice
L..aT A..-Aa.A a. t a aa is -eF si I A.sl 1 1. ... - a. . T
PfEl r T lB'll MCUIUlii
Mnrket
I choir..
grade light
weight steady to 2.1o higher: fat eowa ateady
to 25c lower: heifers and low grade steady;
veal calves. II. BOM 1,73 higher; stockers and
feeders steady and strong,
Sheep
' SHEEP -Receipts. 900(1 head. Market Coo
lower. nprinsr. rf,o i" i.vo lower. HI
ana yearling moauy c imvar,
rittsburgb, June 14. HOGS Receipts,
2S0O head. Higher. Heavies and heavy
yorkerc. 2t.0021,'T5j light yofkera. JJO.tJ
anirA: $2oas20.5o. v""
SHEEP ' AND LAJtBfiU-Receliits. 800
haa. Active. top. snaep, lu.aur-
HUGE ORDERS PLACED ''
j !
WITH STEEL MAKERS"
n
Autornobile Companies Alone;.
Purchase 1,000,000 Tons in '
Last Two Weeks ' j
New York, June 14. The last week-7
has been the best experiencccl in. the".i
steel industry since the signing of the
armistice. last November. Following-1
'ie'y on the heels of the order for4'
34o,000 tons of various steel products
from the General Motors Corporation,!1
the United States Steel Corporation re-J
ceived contracts from other makers of"1
automobiles for large tonnages. '
As a result of this buying wave, the. I
sentiment among the best posted au-
thorities is better than It has been"! at -j
any time in months. The predictions"-'
made by Judge Gary, chairman of the
United States Steel Corporation at va-
rious times since last November have"'
been borne out almost in detail end It la';'
noted that, whereas some months ago.,
there were many in the, trade who.dls- .
agreed with his views, his optimistieH
forecast is now being sharei by virtu-'.'
ally every one in the industry. -
Among the orders from n.otor com
panies taken by the Steel Corporation
during the last week was one for from!
150,000 to 200,000 tons from the FordJ
Motor Company. Other automobile man-
ufacturers also placed contracts' and If'
is estimated that In all tht Steel Cor-
M
-871
,-ttl
iwrauun now uas Dusiness on its books if &
for these interests involving- more fhn
800,000 tons, all, of which have been ( $
placed since the beginning of this month. v ,'
Other steel companies also accepted . ?
contracts from the motor concerns, so 'I "
that It Is probably correct to say that "' A
the total amount of business placed with vf
all the steel makers oy the automobile " j
companies during the fast two weeks
amounted to considerably in excess of J
1,000,000 tons ariil probably reached 4 s
the large total of 1.250.000 tons. This S
Js considered significant in the trade, .
nnu is tanem.to mean that tlie .motor a
company officials feel that steel prices
are at a fair level.
Considerable surprise was shown, es- j f
pecially in Wall street, over the report i f
of the unfilled tonnage of the Steel Cor- f ?
poratlon made public last Monday and ) '
recording a decrease of more than 518;- .
000 tons in the bookings as of May. 31,
Inst. This was due to the trade reports
wiich have disclosed continuous im- i
provement in the industry during the'' 'S
entire month of May, and It was gen- j
erally felt that the showing of contract- M
on hand would be 'quite different from ,$
those of previous months. As, a matter
of fact, there were some who expected it
an increase in the bookings. i jjf
It can be stated on very high author- ,$
ity that the decrease was due almost ''
entirely to the removal from the books i &
of the corporation of contracts which Jif
have, heretofore, been canceled by the i, S'
United States Government These wcts
so-called ."war" orders, which the gov
ernment asked to have canceled follow
ing the armistice last November and
.!.- .L.. .1 . I )t
amuu ium time. -.
rrhnt tha ennnnllatlnnB -nin.n n.nnl.. I. &
tlinn nfna frnnnrallir roalt.A t. nn. , SnJ
shown by the admission made by a high , ?i
autnorny ,tnat tne .removal wis spreau
over a period oi .montns. ants would k v
account for the uniformity disclosed in
the reports of unfilled tonnage by the lf-
corporatlon since 'the beginning bf the i s I
year. However, it is now believed that 'J VitA
the last of, these cancellations have been
wiped off the books, and the reports, of
future months will reflect the real sit
uation so far as the Steel Corporation
is concerned. ' ,
There has been some slight increase
hi the operations of the steel plants, of '
the country, especially so far "as. the. :
leading interest is concerned. This .was f
caused by the better inquiries and larger '
orders which have been coming to the
various companies for several weeks, f
and it is considered likely that further
gains in production will be male in tb
coming months.
The scrap market Is better, AUhttuxo.
business is still small. Prices have been j;
advanced about fifty cents per ton,
heavy 'melting steel scrap being quoted
at from $15.75 to $10.25 per ton, de
livered. An offer, by the Bethlehem
Steel Corporation for a round tonnage n t
at $lo.uu per ton lauea to Driog.out any
sellers, and the Midvale Stee and Ord
nance Company' has been In the market
for a good sized block at $10 per ton, i
delivered, but thus, far has not obtained
its requirements,
NEW YORK COFFEE MARKET 1.
New York, June 14. In sympathy!
with- the firm' .Brazil cables, the' local
coffee market opene'd steady at advances
of from 0 to 10 points, with- trade In-
terests the principal buyers. .Business j
was light at the start.
Brazil continued to enjoy a runaway 1
market, and this morning's " cable .
showed furthervremarkable strengthen,
the Santos spot departments. Bulla!
predicted tliat Rio 7s would, sell at 25
cents and Santos 4s. at 30 cents before
the end of the summer ' -jvV
tr
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