i,' ' -A i Vffi'1 vfr feSffifr ' y'te StTBLIG LSJDGfeR-PHILAbELPHli, TUESDAY, JOTE JHARFRALLVdCGliRS iVtUNUUMUNUUJHANtit IA ' 1 F" Room Cnvrlno- Rnneve' Prl p After Show of Weakness in Early Trade Wv COTTON BELT WBATHEn CONDITIONS ..J1.?' ''' Jun VrThs follewlnr tm. peratures wttt retarded In the cotton belt Xi-.w","M,k'.J,wnB..n. " Anion o ana l.l.,..,,n.om VI Knoxvlll and Wllmlnrton. Wn1! JUcon CtuttinooM. Thomaavtllc,.nd. P,,, Jacksonville.' T2s Shrareiwrt. Oalveetan. ' ' I.llxie HACK. Mlmnh vtb .,, 1fljl. Un, Montromfry and NMhviile. kit New Olln nr1 Tamna Tilt ia..i. rVt.ti S?.? rjS0.1' A.uUiu'-.Atln,' Charleston JrWoc? "fl Savannah. 78. The following rreclpl R.. . Jilm W "corded! Corpus Chrlall. .01: ?'""''. .Of,l AMhW. .11 Jacksonville, li 1&,. Thomaeville, .64i Oalvtston. 2.24. ,2t -i ioth, .iune -at. m lace ot .w-firmer eablfta, due to buying by Man- iP- chMter and continental Interests, the ; cotton market here openetLsfeatureless f.Ur-A,, An arlvanf of 1ft nAlnie ei .IaMI.. t'-bf 2 point.. i, ' Wft T" I'V1'"' 'W AJIVCIJJVU, Bltfc -T" isfied tha demand early and the wcalh er map was retarded as a standoff, further heavy rains at Taylor, Tex., and at Galveston being offset by clear conditions In the central and western states, except (or showers In Georgia. Later there was n sharp rally on room" coming which carried prices up 15 points from the bottom. The absence of more aggressive sup port earlier was evidently a disappoint ment to recent buyers, and their active liquidation which probably reBccted, continued nervousness over money and stock market conditions. Stop orders were uncovered on the tie cjinc, which extended to 30.07 for Oc tober, or 53 points below last night's closing figures. ' After their execution prices steadied on the detailed weather report showing rains in Texas and covering. 1:30 2:30 t. m. n. m. 31.23 81.83 31.35 81.83 80.K7 31. .10 July ..... Aurust .. September October .. November December January Yesterday'a Today's 11:00 close open a, m 81.80 31.80 31.30 31.30 30.80 80.80 30.80 30.80 30.80 30.00 80.00 30.33 30.B3 30.27 28.80 28.80 28.80 28.80 28.80 2(1 2D.B3 20. : 78 29.7 30.82 30.85 80.20 "20. 80.18 80.13 80.13 20. February . . . 2SS0 28.80 28.80 28.80 28.80 March 29.S3 80.03 29,83 29.80 29.00 Have Many of Your Friends Made Money? and quietly retired to comfort because they made wise, timely and well selected in vestments in "the booming New York Curb Market? It is probable that some of them learned the way successful investors or traders arrange their investments to insure, a greater degree of Safety and Profit through our booklet (free to intending traders and investors). "Market Strategy" Every salaried man or employer, who hopes to make his knowledge of affairs bring him a comfortable income. in dividends, or from the upward swing of his market purchases, should order , this exceptional booklet AT ONCE. Call, 'phpne or write for No. T. U.-486 JONES & BAKER SECURITIES Widener Bldg., Philadelphia I 'Fhenu Sell, Walnut 1690 rvrone, Xace 2290 DETROIT tHrtct frivol Win Ns7w YOU CHICAGO MTTSBURGH OtTOM 17; 1919 i 19$"'"' UNDERTONE WEAKENS IN MARKET FOR CORN Bullish Enthusiasm Decroases. , Action of Cash Article Dis appointing Oats Easier OrtAIN nEL,T WBATIIRR FOrtECAST Ohleato. June IT. Illinois. Mlnourl and Iowa Unsettled but mostly fair to P'fjt and Wednesday: continued warm. 'VK8n,ln. Unsettled, but moatly fair to nigni and Wednesday; not much change In temperature, Minnesota rartly cloudy and probably unsettled tonlcht and Wed V,',(5S'.?t tnueh chance In temperature. North Dakota Unsettled but aenerally fair tonlsrht and Wednesday: cooler Wed nesday. South Dakota Partly cloudy to. nlsht, probably becoming- unsettled Wed nesday, cooler Wednesday and In West tonliht Nebraska Generally fair tonlaht and Wednesday, somewhat cooler In west. 'Kansas Generally fair tonlsht and Wed nesday; warmer In west and central. Mon tanaFair tonlsht and Wednesday; cooler In west. Wyomlnr Unsettled but moatly fair tonlsht and Wednesday Chicago. June 17. Bullish enthu siasm In the corn pit decreased consid erably today and the undertone of the market was weaker, owing to n sharp break In hoes and cooler nnd more fav orable wentlior in the belt. TliW caused a good deal of sellinR by commission and wire houses, under the lead of Kastcrn interests. The buying power was undermined by yesterday's general covering movement, and It was not difficult to depress value. Pur chasing by country houses and by shorts brought about recoveries nt times. The action of the cash article was disappointing, the undertone being easier, with demand rather indifferent. Light receipts were forecast, and it wns said that farmers were not Inclined to sell. The lower temperatures and the set back In hogs had a bearish efTect on oats, and the market was easier. An unfavorable report by n locol authority failed to have much influence, although bulls called attention to the fart that oats were .$1 a bushel cheaper than corn. Receipts were liberal. Private cables said that It was feared that there would be n heavy falling off in the yield of oats abroad. Leadlnc futures ranted as follows: Corn (new delivery) Open Hlsh I,ow Close July ... 1.7BJ4 1.77, 1.74H 1.75ft Sept. ... 1.89i 1.70l4 1.68 1.894 Oats 71 71' 70 70 71 71H 004 6f5 & Laxd- Juiy Sent. .Kll 3!t.2 34. lbs July ...27 7R Sept. . . 27.70 Pork July ...31. On epi . . .. m Bid. tAsked. a.van 34.(10 27. 7S 27.80 S1.00 48.7S 34.lft 114.12 27.(1(1 27 R2 !i0..1rt 48.80 Test close 1.77 1.70H 71S 71H .14. SO 'fls.do 31 12 S4.7R : no '28.011 .62 27.90 sn.jn t.M.sx 48.60 40.35 GOSSIP OF THE STREET ay' 8 opinlnv Ift.Aft ! NEW YORK COFFEE MARKET New York, June 17. The coffee i market had an active opening with large blocks of March, December and May I traded In. Call prices were 20 to 25 j points above the previous close. Testerday'a Toda; nose September 10.P5 December Is. 45 January .... 10.35 19.35 March 19.25 19.47 May 19.05 19.30 No Crucible Steel Dividend Pittsburgh, June 17. Directors of the Crucible Steel Company of America failed to declare an initial dividend on the common stock or any Liberty Bond distribution. 2500 SHARES DONNER STEEL COMPANY, Inc. 8 CUMULATIVE FIRST PREFERRED STOCK PREFERRED AS TO ASSETS AND 8 CUMULATIVE DIVIDENDS PAR VALUE $1.00 Total authorized $3,000,000 all outstanding Redeemable in whole or in par on any dividend period at 105 and accrued dividend, upon thirty days' notice. Dividends payable semi-annually, June 30 and December 31. BUSINESS The Donner Steel Company, Inc., located at Buffalo, N. Y., is engaged in the manufacture of Basic, Foundry and Malleable Iron, Ferro Manganese, and Standard Steel Products, including Blooms, Billets and Slabs, Sheared Plates and Merchant Bar Products, including Small Structural Shapes, Railway, Automobile and Carriage Spring Steel and Special Automobile Sections. ASSETS The total assets of the Company, reported for the year ended December 31st, 1918, were over $24, 000,000, against which the only outstanding mortgage Indebtedness ahead of this 8 Cumulative First Preferred Stock is $2,803,080. EARNINGS The net income reported for the year ended December 31st, 1918, available for dividends on this First' Preferred Stock, was $1,123,181.91, against dividend requirements on said stock of $240,000. SINKING FUND During the years 1919, 1920 and 1921 the Company agrees to expend not less than $1,250,000 for betterment and improvement of its property or the acquisition of additional property for its corporate purposes, and that, beginning in the year 1922, there shall be set up annually, for the retirement of the outstanding First Preferred Stock, a Sinking Fund reserve of $300,000 (or more at the option of the Company). COVENANT AS TO CURRENT ASSETS In addition, the Company covenants that it will maintain net current assets in excess of current liabilities of not less than $3,000,000, or 100 of the par value of this issue of stock. We recommend this stock for investment and offer it subject to prior sale and change in price with out notice, at ' . , , 100 AND ACCRUED DIVIDEND, YIELDING 8 WEST & CO. Bankers 1417 Chestnut Street Philadelphia CASSATT&CO. Bankers Commercial Trust Building Philadelphia This Information and these statistics are not guarant ed, but have been obtained from sources we believe to ba accurate. ' . $1,000,000 Morris & Essex Railroad Company First Mortgage 3Vi Gold Bonds Dated December 1, 1900 Due December 1, 2000 Guaranteed Principal and Interest by the Delaware; Lackawanna & Western Railroad Co. ' Legal Investment for Savings Banks in (Nl Y., N. J. and Conn. Tax' Exempt in N J. Listed' on the-New York Stock Exchange J 111 ' ' Descriptive circular on request ' Price 73 and interest, yielding about 4.80 - ' First National Bank NEW YORK Clark, Dodge & Co. NEW .YORK ftJi 'A , j .vV . . "EASING OFF" OF MARKET CONSIDERED HEALTHY SIGN Consolidation Talk Continues in Financial District Future of Cerro de Pasco Discussed Gossip of the Street Q PEA KING on the condition of the stock market yestprdn.r. n well-known - broker expressed the genernl opinion which prevails in the Street nnd In brokers' offices that the present "easing off" is n good, healthy sign, and is clue largely to the condition of the money market. The talk about n consolidation, of which Baldwin's nnd Mldvale Steel seem to be the central figures, still persists. It was remarked that the dlffl nuty facing consolidations of that description today is the "tax bogie." as the government would probably reach out and scoop In n big share of the profits. This, however, would only hold good where the transactions would be carried out in cash or part ensh, which would hardly be the case in a transaction involving interests so lnrge as either of the two corporations mentioned. If such a transaction should be consummated it would be effected through a chnngeof securities. Some brokers are advising their customers not to pay much attention to talk of special moves in Ilaldwln or Bethlehem while the trend of the market continues downward. There is some quiet tnlk nbout the future of Cerro Pasco. Thli company, it is said, is probably as well qualified as nny company in the world to make money on copper at present nnd even considerably lower prices. However, its future is not based on copper production, but on silver and gold, especially Its silver, which is Faid to be more than f0 per cent of its-output. It owns vast minernlir.ed acreage and its ore bodies arc said to be virtually cxhaustless. U. S. Should Not Assume Loans to Allies, Says Banker "Few persons who gave the matter any consideration." remarked an. Investment banker, "were not aware that there were two methods for financing the great expenses of the war open to all the countries engaged. One was through taxation nnd the other through bond issues to be sub bribed for by the people." The proportion to he rnised by each of these plans was, he said, a matter lo be determined by the financiers and economists of the various countries. Germany, it was said, at first wns procuring little or nothing by the taxation method; while the United States was said to be steering a middle course, that is, raising one-half by taxation, the other half to be raised by bonds. The recent statement hv Krnnk A. Vnnrlerlln former nresident of the National City Bank of New York, when he returned from Europe, that there was a feeling in England nnd France that it would be wise and just on the part of the United States to remit the loans he made to the Allies, was the subject being discussed, and this banker, to show why such a proceeding would be demoralizing to any of the Allied countries nnd an injustice to the United States, said that if the Allied nations had adopted this country's plan they would be in a much better position today. From figures at hand, he said, France and Italy only Increased their taxation about C per cent, Great Britain 1100 per cent nnd the United States 2000 per cent. "Unquestionably," he remarked, "the repayment of war loans should fall on those who have carried the least proportion of war taxation. Why," he asked, "should we remit these obligations, which in that event would enable these countries to more quickly be in a position to compete with our production In the open market, when our products thereby would be taxed to pay the debts of our competitors?" Outlook for More Government Financing "When Secretary of the Treasury Glass said the Victory Mberty Loan would be the last public loan he was right, but that docs not necessarily mean the government will not be obliged to borrow more money right away and for some time to1 come in large amounts." This remark was made by a prominent banker when speaking of the report which has been circulating in some quarters that it might be neces sary for the secretary to resort to continuous borrowing. This banker Said, so far as he could see, there would be nothing incon gruous in the United States having constantly on sale government bonds and notes for the convenience of such individuals and institutions ns wihed to buy them. He remarked that there were still huge expenses ahead for the government, nnd while certificates of indebtedness had been used to meet current expenses for a long time, the time would come when some other ex pedient must be employed. The Victory Loan, he said, would not be enough to meet the various issues of certificates which were put out to relieve the situation until the proceeds of the loan would be available. There were ten issues of these certificates for the purpose, aggregating more than $15,544, 000,000, while the loan subscriptions amounted to about $5,2o0,000,000, with the final allotment around $4,o00,000,000. It therefore follows that there remains nbout $1,000,000,000 which must be raised to meet the ma turing certificates. He said he understood the secretary anticipated issuing additional certificates to the extent of about one-hnlf of the amount to be raised by taxes. This banker said if it were a fact that a plan is being prepared to pro mote a continuous offering of government bonds to the public, he thought that bankers generally would appreciate the move, as it would relieve them to a great extent from the necessity of providing new funds. It is, of course, a question to what extent such bonds or notes would be In demand by a publje which many believe is alrendr oversatiated with government bonds to the extent of their being n drug in the market. Another banker discussing this subject said he did not think the public was Bupersntiated with government bonds; in fact, the recent oversubscrip tion for the Victory Liberty Bonds as well as the speedy absorption of sC? eral Ilrgc industrial and other issues recently, coupled with the reports of increasing deposits in savings nnd other banks, all went to show, in his opinion, that the American public has only begun to buy securities. He said he believed that once this habit of thrift which is slowly taking hold of the masses in this country gets into its swing it will result in this nation lead ing others in savings, where formerly it led in extravagance. Americans are never half-way in anything, he added. L Philadelphia Markets GRAIN AND FLOUR m.ii?l?AT nclpt. 02.148 buiht Th .V'. WJ" luiet but Arm. Quotation it".'"'.'. In mport (levator, rovernmmt aitnaarrt Imiwtlon, standard prleei No I J.t,,w,!)r . K'.SB: No 1 northern arrlns. i.'i'HtJ."0 !. h"r) winter. 2.39. No. 1 rrd y.J'l'fr. MNIckj- J; 37. No. 1 red. amuttj 'rn anrlna $; a. N-. i hard 'wlnt'.r s ?., I Wlnther -- niiiirr. Kuniriiv x.at. .u d. -w .... . . ... mutty. j;s.i s-o 3 red winter 12 32. i ivrnnslin. . from SIJ.MIO.OOO to ". n npniiprn anrini. i" :vn ruirn New Delaware. Corporation Dover, Del., June 17 A charter was filed here today for the Detroit Trans mission Company, $10,500,000, to deal in nnd with real estate and securities j Qharles W. Kelhl, Charles T. Marshall. James I. Butcher, all of Detroit, .Mich , incorporators. There was also filed a notice of Increase In capital stock of Motor Truck Company, of w aucka. njntfr $2 32. No n rA lnl.r aArUi?k I CI0- ? red. amullv. I2.2tii No. I. rrd .R S2: N.0, nrll-ky 12 2Rj No, 4. amutt. ..A T:.N?i ...arllck amutty -2 2. No '..'2SS' So- S. a-arllcks. 12.2(1, No II '"l-rAJV2''- 'Vn '' aarllrkv. smutty 12!' .. .'-OK' R'rolpta. 30.221 buahela. Trade JViS Sulf'vbut valuea wrre aleadllv main tained at th late advance. We ouote yellow !.r?.r l0" !X lp'',ll trade, aa to nuallt and l0,?i'-?2' , l mff! ST per bushel. ..T,f"r.ll'c'""'- 24.T13 bushels. Offerlnse yer IlKht and the, market ruled firm but Car Iota. Hi to location No, 2 white. Rli'-i ft ?.'. ,",,",ndar.'J wn"' S0rsoi4v No, 3 white i J'LP'-' ."eeelpta 20O bbla. and R.2TI) inn oa. In aaek. The market was dull and ino.y nomlnal Quotations. To arrhe per 10 lbs In lin-lb Jute sacks Winter lu i.ich'ii i-.l Knn.j. .Irnl.ht. St 1 &(t li ' . : ah"'. patent, $1212.B0. sprlnn Wfl,.p",n'- II2I26. do. patent. Ml r.O L2..?? do. first clear. tO.Tr.W10 2B Klf. KI,orrt mid ainwlv at former ratei -,uihp m i irsirs 73 per parrel in aa to quality PROVISIONS The market ruled firm with a fair Johblne demand for most deecrlptlona. Quotations Beef in s(.t, smoked and alr-drled. ISc. ST'', "fhucklea and tenders, emoked and alr drled 49r pork, fatnllv, !S4(33So; hams. S '. Slf'kl0?"'' 3H'i37Vci do, skinned, looae SlHtf.Wio. do, do. smoked. 3IH4 S'.IT'ur. hama. boiled, lmne.lesa. B3c: picnic shoulders. S .,', '.Ted, loo.e. 2Se; do smoked. 2 . bellies In pltkle. loose. 33c; breakfart bacon. 42c. lard. 3:,c. REFINED SUGARS The mark'! wna oulet on a tmel. of He for f.ne granulated. DAIRY PRODUCTS nUTTRU The market was rimet and a shade easier under weaker outside advices and s light demand. Quotations Solid packed ireamry. extras. Mc. hljther-'corlna roods .'.ISfMc the latter for Johblne sale,.. ,lA orsis. n-'c: nrats. i"oM'c. setonds. ijil. sweet rreamery rholce to fanrx I .'f ...c. do. fair to rood. ."SOftf Me fnnrv brands of prima Jobblna at OclS'il'.'. . fall i to rood. r0 1?r0c. , KOOS strictly fine stock was kepi well .cleaned up and prices ruled firm Supplies i were month- of unattractive stock which- waa dull Quotations- Free cases nearby Prf,'" ' R0 per crate, currenl receipts. I 118 20 western extra firsts 113 sn firsts I 113 jn. fancy selected esrgs Jobbing at 533 I -3c per douen. 'HEnSE sold slowlv and was barelv ' sleadi with ample offerlnBa. Quotations I New York and Wisconsin, whnle-mllk flats I current make, fancy. 32B32,4C. ape, lata 1 nlaher do. whole-milk flats current make i fair to (rood, 314 331c POULTRY MVE There waa little tradlna and prices ravored buyera. Quotations: Fowls via ex press, 33084c; aprlnsr chickens, hrollers. not Leghorns, yellow skinned weluhlnc 1'. W2 lbs apiece. rp2Soc: spring chlckenH, broil ers, not I,eghorna. yellow skinned, welab- , ma- 14 Wli IPS. a piece. 4.1(rnoc, white I' Leghorns, mellow skinned, welching- l"ifi?2 lbs. apiece, 43043c. white Leghorns, scl lov skinned, amaller sizes 3Sra42c. roosters, 239S4r. ducks. lekln. SOiifaic do. Indian nnnner. 2T28c; geese 205f23c. pigeons I old. per pair. 40(8' 45c. do. young, per pair. ! 3:ift4fio I DRESSED Fine deslrable-sljed stock was In fair recueat and ateadv. but unattractive qualities were dull nnd weak Quotations ! follow. Fowls, fresh-killed, dry picked In I boxes, weighing 4 lbs and over apiece. SScj weighing 3034 Ihs Sfic. smaller slzea. I.V.'?3c. fresh-killed. In barrels, fanev dn- Slcked weighing 4 lbs. and over aptece. THe: weighing SfcSUi lbs apiece 3.1T3ilo. smaller slzea. 3234c. old roosters, drv I picked. 2.1c . broilers nearby "..Iff Hoc do. , western. ROflo.'io. soring ducks Long Island ,aftifr37c. squaba, per doz . white, weighing. H12 lbs per doz.. S SOSO 2.1. do. do. welghlnr fWln lbs iwr doz., JT :.nws.2.i; .do. do. weighing 8 lbs pr doz IflGrt Trv. 'do do. weighing 7 lbs. per doz $4.10 1.123: do do. welghlntr tttm lbs oer doz. !.. ''"''3 no: dark. Il.50fl2.25. sn-Mtl and I No. 2. 0OeB2 FRESH FRUITS Choice slock sold fairly and values nere generally well sustained under moderate of ferings. Quotations. Lemons, per box. 1,1 An ff fl .1.1. Oranges. California, per box. 12 H 0.1 Strawberries. per quart. SlO'&Ss.. f'antaloupes. Florida, per crate. S17,1fa2. do. California, per crate, n is ?.-,. 7.1. Water melons, Florida, per car. J'.'OO 0(1(10. Black berrlea. North Carolina, per quart. 20'3,2.1c Cherries nearby, per lb Sweet, H'ff22c, sour 13V1SC reaches. Georgia, per crate, $234. VEGETABLES Potatoes were quiet and barely steady un der fairly liberal offerings. Onions and cab bage of fine quality ruled firm and prices of the former were a shade higher. Quotations: White potatoes, old. per 100 lbs. $1 2.1 li(IO. White potatoes. South Carolina and North Carolina, per bbl No 1. 14 ,1003 No 2. 2 .10(33.50 White potatoes. Eastern Phore. Va . per bbl. No. 1, 4.. 100.1. 7,1 No -. liffi'.'l. wnite potatoea. Norfolk, per bbl. No 1, J4 50n. No. 2. 2.503 Cab bage. Norfolk, per crate. 1203; do. Eastern Shore per crale. t2J?3 .10. Onions. Texas, 5'eliow per crate. $405. do. white, per crale, $40,1 $21'.000.000. i. , i 1 liV ill jmy Protect A 1 Kaaosn )uiyWv Your Auto 9 .- VrVz3f$Sfc!"-ll I anrf Rnui fl V Irftlmt 15 on : ir insurance D ! isAII ! I SELF-CLEANING Rocking Grate VALLEY IRON WORKS WII.V.IAMSTOnT, PA. Phila. Office: Commercial Troit BMf. insuranrej companies will deduct fifteen per cent from the oosl of your Insurance )' your machine Is equipped with a ONE-QUART FIRE EXTINGUISHER Arc u lakliiK ndvant.iKe nf this? We rell Flro Ourt. Fyr Kyter, I'yrone lIxtlnKulshers and Hcflll Lliiultls for all types Send us our addrest Tor froe copy nf 'SiigKesllons for Kite Prevention," Issued by National Hoard of Klre. Vnderwrltera. Kree Inspection by experts. JAMES M. CASTLE, Inc. n Building, Philadelphia Ubert 451 : Itnce .'59, NEW YORK SHIPBUILDING CORPORATION Us steady Tor., good warss and xotllent working conditions. Then are opentnga In nearly all briucliM tor skilled mechanics. Apply Employment Department at the Yards Camden, N. J. a I I Lincol a Ftlb Build of Concrete j 1kaNITEpORllANDfiMEHTfe PHILADELPHIA. JEWJ&RflJoSTflSf' r III -imiiniciueu.nl-- : Contractor & Builder H ALBERT ZELLFELDER 1 , 1 151 South Broad St. H Kfjutone- Ilfll H W Ilnr SA'J Walnut 8ni U O. W. KETCHAM 3Innnfactnrrr of Architectural Terra Cotta, Bricks Hollow Tile, Etc. BUSINESS NOTES ' The largest commercial transaction In history will be completed in the next few days between the United States nnd French "Governments. The final stage hasj been reached in a deal by which virtually the entire overseas property of the American expeditionary force will be sold en bloc to France. knitt Machinery for knitting hosiery and underwear is wanted by domestic: and foreign manufacturers. Export orders for shipment to Europe and South America are being received in fair vol ume, according td the leading American manufacturers of thi9 type of machin ery. Protests against the freight rates es tablished by the United States ship ping board on the shipment of hides from the River Plate in Argentina will be registered today at a meeting at the headquarters of the National Asso ciation of Importers of Hides und Skins. Canada's Wheat Acreage Shrinks Ottawa, June 17. A bulletin issued by the Bureau of Statistics places the total area sown to wheat in Canada this season at 10,058,500 acres, against 17,353,002 acres In 1018. The area sown to spring wheat is 10,160,700 acres, or 770,637 acres smaller. The area of oats is estimated at 14,50-1,000 acres, or 130,000 acres less than in 1018: barley, 3,030,240 acres, against 3,153,711 acres in 1018. The average condition as of May 31; Spring wheat, 08, against 00; fall wheat, 101, against 75; all wheat. 08, against 00. Oats, 05, against 100; barley, 05, against 08, and rye, 101, against 04. DIVIDENDS DECLARED Philadelphia ajid Weaterrt Railway Com pany, Quarterly of Hi pr cent on pre terred. payabla July 15 to atockholdera of record June 20. Alabama. Company declared a dividend of 3. Per cent on .common and Quarterly of Htmrttaton nrat and aecond preferred. aing. ' paction company, aamlannual . payaoia juiy l aa Booka cloaa June SO, ! m&s K per cent on flrat and aecond preferred. nijmm rKwon company, aemiar ot It centa per ehare. payable July open July 20. International, Agricultural Corporation, quarter y of M per, cent on preferred, pay able July is to atocfc of record Juna SO. .National rual Oaa Company, quarterly of SH par cant, payable. July IB to atock of record Juna 8. Rlda Avanua Paaaenrer Hallway Company, a. dlatrlbutton ot rental at a dividend of IS Jer ahare. payabla July 1 aa rexlatered una IB. Dooka cloaed Juna 15: reopen July 2, Central Kallroad of New Jeraey, aamlan nual out of coal earnlnta of 12 a ahare. payable Juna So to atock of record Juna 27; alio quarterly out nf railroad earnlnna of 12 a. aharei payable Aujuat 1 to atock of record July IS. Lehlih and Wllkea-Barre Coal Company, aemlannual of S.t 13 a ahare, payable Juna a$ to tock ef record June 27. . Weatrooreland ral Company, quarterlr of II. , par br I Hi nar cent), payable July MnST?f vTlv -k a r(? Financial Briefs Tbere has been placed on the regular list of the Philadelphia Stock Exchange additional securities nf various com panies ns follows: Thlrty-ninp thou sand and fifty dollars Philadelphia Com pany 0 per cent preferred, $3750 Phil-, adelphiit Rapid Transit voting trust certificates; $27,000 Mldvale Steel and Ordnance convertible 5 per eeut bonds 1036, $4000 Philadelphia Compnny 5 per cent bonds 1051 and on the unlisted department $0750 Philadelphia Electric stock. Institutions nnd individuals in the Philadelphia Federal Reserve district bought $10,744,000 of treasury ta'x cer tificates which were dated January 10, and which mature today. Some of the certificates were used yesterday in mak ing payment of the second Installment of income and war profits taxce. The New York Stock Exchange has received notice from the United Drug Company of a proposed increase in the first preferred stock from $7,500,000 to $20,000,000. Operating revenues for April, as re ported by the Western Union Telegraph Company, were $8,402,853, against $7, 471,073 the same month in 1018, or an increase of $1,301,180- Net revenues for the month increased $1,051,000. Four months' total operating revenues increased $1,044,315, with a decrease in net for the period of $054,388. For the fiscal year ended May 31 the Philadelphia Company for Guarantee ing Mortgages report earnings of $248, 148. After deduction of taxes, office expenses, etc., net earnings amounted to $171,435. Dividends paid were $150,000, leaving a surplus for the year of $21,135. Royal Dutch New Stock Dividends New York. June 17. Advices, re ceived from London regarding dividend of 25 per cent being applicable to new stock of Royal Dutch If issued were in error. Dividend of $3.25 is consider ed as the final dividend for the year 1018. New stock will be entitled to all dividends declared for 1010, the first of which will be due In January, 1020. Current dividend ot $3.25 paid on four shares In July next will pay for the new share to be Issued In proportion of one new share for every four owned. P. & W. Railway's Net Increases The Philadelphia and Wcitern Itall way Company reports gross earnings for May of $05,053, an increase ot $12, 043 bver gross for May, 1018, and net returns of $20,000 for the month, which is' a gain of, ?rVSS over the !n.et of, the owrpondlflg',ivisd of lt .ywr ' IMPACO N. Z. GRAVES Incorporated 22 and 24 South Third Street Philadelphia. rbo rionae of Kpeclaltle In TalnU aa4 nrnlebe CEMENT AND BRICK COATING FOR STUCCO-CEMENT OR BRICK ALSO CEMENT FLOORS Will Resist Water. Oils and Grease IMPERIAL PAINT CO. 1518 Sansom Street, Philadelphia,. I . I. .,,, Windshield Glass Renewed V make a specialty of re palrltyr broken wlndsnields with best quality plain glass orfamo-is Safetee Glass. 326 North Broad St. NAGLE - STEEL COMPANY STEEL PLATES AND SHEETS Pottstown, Pa. Phila Office, 1411 Morris Bldg. HYDtMULICpppjflffe MCHINEKmLraltW iWe are equipped to do the work at your plant and aave you the expense of long tie-up. flione Wnl. 1814 nntl Mllln 3111 BALDWIN Locomotive Works Steam and Gasoline LOCOMOTIVES Philadelphia, Pa. j. LIVESTOCK QUOTATIONS Chlcuro. June 17. HOOS Receipts .IB. 000 head. Market moatly 80$M0c under vea lerdays average. Too. 121 30: bulk, S20.U0 tf 21 l. hfav CiO.SSS'il.S.I: m-dlum I20.00(g;i.30. Hunt nelaht. 20.7S21 25 lleht lights. S 1 8. Tr. 20 OS. heavy racking -owe, w ;tv .-.,. pacKins BOWS, 91V. ,o .'O.noiplia. JIKrglR,3. CATTLi: Itecelpte lfi.flOO head Market h-ef etera slow btddlnc lower, butchera stork steady, calvea atrong to 2.V hlzher feeders weak Keef steers choice and prime. Jlol2.l. medium and good 112.2.". I vi in; cnoice. n. ..-iu i.rto. ngni weignt, good and choice. $12. 75f 14.7.1. common and medium. 110013. heifers. I7 7513: rows. JT.o0l312.nV' cannera and cutters Sgi7.50. veal cales light nnd heavy. $lfl.5T17.50; feVr ateers, JI 7f13, stocker ateera. J8.2nltfl2.2S SHEEP Receipts. 11 O0O head Market good to best fat lambs vearlinas 2SS0r higher; other sheen strong to 25c higher. Early to? lambs. $19 Kansas City. June 17 HOOP Receipts. 22.000 head Slow generally 20c to 35c lower than sesterdav's low t!m. Bulk. l.tl.102a.AO: heavres, 2n. 5.15120. SO. me dium weights. J20 s.lflSn 7: lights. J20 1.1 620.50: light lights. S7ff20.35: packing sows 419 2.11820.2.1 plga il9&'20. , CATTLE Receipts 11.0(10 head and 1.100 calves, 8om beef cattle 25c lower, bidding worse on others best vearllnga. cannera and feedera steady "She" stock wak to 2.1c lower, veals, strong heavy beef steers, choice and prime. $14 IK B 1.1. 7.1: medium and good. 1.1.r,(IM 14.00. common. 1I.2.113.10. light weight, good and choice $12 3.1W1.1 2.1: common and medium lit r,njri2 30; butcher cattle, heifers Jfl T.ISf 13 fll): cows. JH SOfti 12.35: cannera and butchers $5.35fMI 40: veal calves, light and handv weight. J12.75 16: feeder steers. JI0B14.50. stocker steers. JI1.75SM3 40. SHEEP Receipts 11 fiOft head Oenerallv ateady to lOo lomr killers steady and goata steady. lniba. 84 pounds down. J1.1? 18.40, lambs, culls and common. $12,500 14.75.j'earllng wethers. J11.2,1IB13..10; ewes 7 2.1M9.75: ewes, culls and common. 14.50 7- goats. IS if S. Mi St. Ioul. June 17 HOOS Receipts 20 OO0 head: 253.1c lower Top. $21 1,1 hulk. 12(150021; heavy welghtr, J20 00021 10 medium weight ISO ,10921. light weights. 19.5020.80; light lights. $10 3.1620; heavy packing sows, smooth. 118 7.1 B" 10 7.1. pack Ing'sows. roughs, J1.73Q'18 75: pigs JIO.7,1 VlO.50. CATTLE Receipts. 500 head Slow, tew steers, fully steady, butcher cattle, barety steady; stock cattle dull but steady, veal. 25 31V up. Beef steers, medium and good. $12.5015i common. J10 75lS12.7.1. light welghta, good and choice. J12gM4 7.1; com mon and medium. $9.7512.75: butcher cat tle heifers. J91S: cows. $7011.2.1! can nera and cuttera, $5 55(?7 25 veal calves, light and handy weights, $12.2.1 111.. 10; feeder steers. $8 23012.30. stocker ateera, $7.50011.75 HHKEP Receipts. (1000 hesd Active at ateady prices, Lambs. $1,150(18 50 culls and common to&n .10. ewes, medium nnd choice, $7.508.50. culls and common, J4C8 .Tun- 17. ItrWIS n.r.lnl. B25 head. Higher. Healea and heavy yorkera. $22.1022 55: light yorkera. J21.23 J21 SO' nigs 20 7.1W21 i.-j SHEEP AND LAMBS Recelpta 300 head Steady. Ton sheen, $10.50. top In nibs, $18 .10 CALVESf Receipts. 200 head. Steady Top. $1S.7310. Kaat Buffalo June 17 CATTLE Re ceipts, lso head Slow Caltes. receipts. 300 head: 23c lower. JrtiaiO.26. HOOS Receipts. 3200 head Active. 25c to 50o lower Heavy mixed and jorkers $22; light yorkera. 2n..1OO20.7.1. pigs $208 20.50: roughs. lfl.r.O810.75; stage. $121B SHEEP AND LAMBS Receipts. 800 head Slow and lower Lambs. J12B10; yearlings $1016; nthers unchanged. BUTTER, EGGS AND CHEESE June. 17. Bt'TTF.R Receipts. Market eaay. High scoring. II ntrtrfln.arxtMal!lnilg''C(BC li ,,VSpra) , I HIGH QUALITY QUICK SERVICE MSSm I Jlotor Truck Delivery I SfSM " j I Lonsdale. r. Phone Lansdala 450 H offJT?IMF&i lllll1' ' " BtteaHWWeiaiiiaii aiu,lV.J.iijUEMl 3QILCJ' rllead House and Crasher, fir X Irnn C. T.vn Mm. I i ia!Ljij m, JT WATER METERS M I (Meter Rate for 1919 if Installed j tSctore July 1 I rnil.A. JIKTUR CO.. 04 Renl Estate 1 Trust Hide., or our Plumber I --- . ..jl Chateauray Structural Steel For All Building Purpoaea Bethlehem Construction Co. Enginears ' Fabricators Erector BETHLEHEM, PA. ALMOST any night, or even during the , . day, your house may be visited. You fhg Thief 111 are protected against fire; but how about burglars? the Nlffht ou can lauSh at them with one of our & policies.. They are not expensive, yet they complete llic fJtuici.iii;ii ui yuui iiuiiic. Harris J.Latta PENNSYLVANIA BLDG. PHILADELPHIA. Pittsburgh. LM.H.I PHILADELPHIA STEAM HEMING COMPANY ENGINEERS & CONTRACTORS FOdTHE COMPUTE GtKEWL MEChANlCAL EQUIPHcHTOF BUL0ING5 JUNIPER and CHERRY STREETS Heating Plumbing Ventilating General PipingWork Sbeam Power Plants Sheet Metal Work Repairs Always ot vjour Service Day or Night New York "vi in tubs 2WB2e extraa, BIVjc outside, firsts. MO .lie. seconds. 48(M9Hc. state dairy. Sl EGOS RecelDta, 18,017 eaaea. Market firm. Freeh-a-atherel extras. 49H Ste: ttoraie-pa'ked extra flrsts. 4RC? 49c: storatte arked flrats. 46CT4Toi gathered extra firsts. 448ci firsts. 42wa4Sri seconds, xae.X7e. dirties. No, 1. SSOSOc. No, 2. aflDSTc checks. 8BB8Tc; state and nearby hennery whites. Caio, aatherM whites. 4T(8tlfic Paelflo roaat 4fri8c. (reth aouthem aath ered whites. 4B04IV-; state and nearby hen nery browns. M033c. gathered browns and mixed 49 81c, CHEESE Receipts, 41M boxes. Market eak. Flat, current make, colored, averaare run. SOCfSOnct flat, current make, whites, nverajr run, SOeTSOVjc, colored speclala. 81 9SlVCi white apeclals. S0V81'e. -ESTABLISHED 1879. BAR SILVER Bar ullrrr ts quoted In London -I today at Cilia an ounce, an adracce Li j - . Tc ' v:ajrtSLit-v w 4 . ' ' ' - tt.IFV'Vi V -T alliij '.U.. ' 'JT MERCHANTS: If you are a r;rocet, druggiit, hardware dealer, tobacconist, elothlar, furnisher, jeweler any kind of a Mtorekeeper you ahouldn't wall another day before subscribing to the Retail Public Ledger the new twicea-month periodical for merchants only. Subscriber say they have been waiting for it for year. Not a trade-paper, but an inapir. ing newa-magazine that interettingly tells all sorts of things that merchants want to know. Business problems salesmanship, buy ing, accounting, the handling1 and training of help, credits, delivering, advertising, collections the Retail Public Ledger tells how they are alt being solved in successful stores. Entertaining fiction dealing with the sentiment and drama of storekeeping, anecdotes, verse, phoJ tographs, news of big movements for merchants' benefit three Dteasnnt hours of entertaining, helpful reading in every issue. Sub-'. scription price, 10 cents a copy, pNE DOLLAR a year (24 issues) SA Just slip a aouar into an envelope, wita, your letterhead or name ael ; address plainly written,, and it will be sent on the first' ndi.btr4 Tuesday of every month for a year,, Address ReUilJPtibte.-JLlrrV' 220 fublie ledger llulldlng. rti Iadelpbla l'. ,0'itn'i a,J- . hirver..t.' ,K . V '' T. .. attKaSllsiMlBeissiftks&la ' - 1-. k 0- Of1,. ' ixi"i. i" i "rt SOS 5 ;i$ IM'Z Asm fin ikM m ;aS itS. m mi V2 J 3 m m 29 m V3 ?m f r m M -vtii k f,.- I it,JXaf- t. '.ftJMfertijt '. ,A 1
Significant historical Pennsylvania newspapers