Rfl -; iBVBimsra publt.0 ledgeb-phildelphia, Thursday, tone 19, 1919 j :-tt .. r-?V J V I v - t &: M'' Mllllllltllllllllllllllllllllltlillllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll'i: Brazil Bought from Germany in 1 91 2 1 $ 379,110 worth of enameled ware E 1,290,737 " " locomotives 1,223,603 " " steel structural material 1,585,747 " " leather 1,688,756 " " wire 3,734,359 " " cotton goods 5 1,526,018 " " automobiles 1,537,131 " " chemicals and drugs 512,965,461 " " articles 1 The United States pur- chases more Brazilian goods than any other country. B r a z i 1 i an merchants are ready to reciprocate. Under such conditions trade I should greatly develop. 1 We are ready to help. I Corn Exchange National Bank I PHILADELPHIA Chestnut at Second "iiiHiiiiiiiitniimiiiiiiiiHiimiiiiiiiiiiiiiiiH iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniin CORN RISES TO NEW HIGH RECORD LEVEL Prices Aro Highest in Afternoon, but Profit-Taking Bring3 Drop From Top Chicago, June 10. New top marks for tho Reason were established in the corn market today followlnc erratic changes in prices. The start was easier on sclllnc by local interests, encour aged by sharp loss.es in prices for hogs, due to rumors of minor labor troubles In tho Rtotkyards, and favorable weather conditions, which caused uneasiness temporarily nmong the bulls. Excellent support was received through commission houses, however, and thero was a quick bulge. The ad vance brought out free realizing sales and a setback occurred. Toward tho close there was another jump, nnd the best levels yet established for the present positions were recorded. Shorts were the most conspicuous pur chasers and many stop orders were un covered. Final quotations were below the top, due to profit-taking. The" movement from the country re mained light. Oats were heavy from the start. Crop news was more favorable and commis sion houses offered freely throughout the session. Local bulls furnished support nt times, but fresh buying power appeared to bo light. It was reported that French interests were asking for bids. Industries were said to be buying old cash oats on fears that the quality of tho now crop may be poor. Lending futures ranKed as follows: Corn (now delh ery Open. HiKh. Iow Clo3e Ji.I ... 1.7ft 1 SI 1 7SV4 1.81 'Sept. ... 1.72 1.75 1.72 1.74 Oats . .. July ... 7194 72, TO JOT I17B OJ71 uun Sept. ... 71 Lard July ...34.02 Sept ...33.40 nibs July ,-;a Sept. ...27.50 Pork .Tuiv Ro BO Sent . . .4R.20 Test. close l.TC'4 1.72'; 71K 71V4 Did. tAsked. 34 34 07 27.70 27 75 BO 75 48.85 34 00 33.40 27 67 27.60 BO ri0 48 20 34.15 t34 IB 33 90 133.70 27 07 27.B7 27.70 27.35 B0.75 r.o.is 48.63 48.80 BAR SILVER Commercial bar silver was quoted in New lor ar. i.i ounce, a recession of c. In the nrice was 54V1, off d. today at $1.12 nn London City Light and Water Company Dated July is, 1919 Five Year 6 Secured Gold Notes Due W lst-1924 Authorized $1,250,000 Outstanding $250,000 f Coupon Notes in $500 and $1,000 denomination Callable at 1004 and Interest on 30 days notice Interest payable January and July 1st FIDELITY TRUST COMPANY OF PHILADELPHIA, Trustee $250,000 Notes secured by deposit of $400,000 (entire issue) First Mortgage Bonds . The Pennsylvania State Tax and the Maryland State Tax will be Refunded Free of the Normal Federal Income Tax of 2 Unusually strong features of this Note issuer 1. A first lien on entire proporty through pledge of all first mortgage bonds outstanding. 2. All additional first mortgage bonds that may be issued must be deposited under these notes. First mortgage Bonds can be issued only for 85 of the cost of extensions, betterments and improve ments, and when the earnings are 1 times the interest charges. Additional Notes can only be issued on the same basis as the Notes already issued, which is but 62 7c of the amount of First Mortgage Bonds deposited. 3. Replacement value of the property is three times the notes outstanding. 4. The earning are approximately three time the interest charge of this First Mortgage Note Issue, There is a splendid record of earnings for the last five years. 5. The proceeds from the sale of these Notes will retire a similar Issue, due September 1, 1919, which have been called for payment July IS, 1919, which latter Issue and three previous Issues, all similar and for an equal amount, hare been consecutively on the property since 1915. During this period $153,012.12 has been expended on construction. The record of these four previous Issues has been most satisfactory and profitable to investors. 6. Tho Company has the operating experience and financial backing of the Cities Service Company, which has $68,525,111 Preferred Stock felling nt 80, and $32,500,1 18 Common Stock selling at 375, giving; a total market value in excess of $150,000,000, one of the largest public utility holding companies in tho country, which owns the City Light and Water Company stock. 7. The Company does the entire electric and water business of Amarillo, Texas, without compe tition and under long term 'franchises. Amarillo is the distributing point for an immense territory, and a. substantial and growing city of over 21,000 population. It was an established distributing point in the days of tho prahie schooner, prior to the railroads. INVESTIGATION AS A BASIS OF PURCHASE AND RECOMMENDATION Our purchase of these Notes and the information here given was based upon the following: A satisfactory report on the Company made for us by the J. G. White Engineering Corpora tion, after a thorough examination of its property and accounts, 1915, and an audit made for us July 31, 1917, by Peter & Moss, Certified Accountants, of Dallas, Texas. Thorough investigation by our counsel, Henry, Pepper, Bodine & Pepper, of all legal matters pertaining to the Company and this Note Issue, commencing with the incorporation of the Com pany and ending with the indenture securing these Notes. A careful study made by ourselves of the Company and its affairs, and consideration of the merits of this Note Issue as an investment. Price: 97 and Interest to Yield over 6V2 yfiftii(. BROOKE, STOKES & CO. Members Philadelphia Stock Exchange Calvert Building 15th & WALNUT STREETS, PHILADELPHIA Baltimore This Information and these statistics, while not guaranteed, are obtained from sources we believe to be reliable. As all of the above notes have been sold, this advertisement is' as a matter of record only. New York Railways Company To Holders First Real Estate and Refunding Mortgage 4 Bonds, due 1942: The Court has announced that the interest due July 1, 1919, on the above-named bonds will not be paid. A large ' amount of bonds has already been deposited, and the Com mittee urges all bondholders, who have not deposited, to do so immediately. United action is necessary in view of the certain default in the payment of interest. The Committee wishes to call your attention to the fact that June 21, 1919, is the last date upon which the Guaranty Trust Company of New York, Depositary, will receive bonds for deposit under the Deposit Agreement dated March 7, 1919. Bonds will not be received after that date, except upon such conditions as the Committee may decide to impose. Certificates of Deposit representing deposited bonds are listed on the New York Stock Exchange. HARRY BRONNER, Chairman, WILLIAM A. DAY, GEORGE L. BURR, Secretary, CASPAR W. MORRIS, 140 Broadway, CHARLES A. PEABODY, New York City. WILLIAM H. REMICK, J. P. COTTON, Counsel. FREDERICK H. SHIPMAN, HAROLD STANLEY, Committee. mm FrtAj.Mawtf"' tH-- W H 'IP - . gfri &.$' V, .- "' i: ." I J-J (I WW, r 4j ,F V n -rl1 yi GOSSIP OF THE STREET FEDERAL LAND BANK BONDS COMMAND BANKERS' INTEREST Speedy Absorption of Offering Expected by Financiers, Who Recommend It Highly Gossip of the Street pnR event which almost monopolized discussion In the financial district yesterday was the offering of ?54,000.000 Federal Land Hank 4 per cent farm-loan bonds by n strong syndicate of banker? made up of Alexander Ilrown & Sons, Harris, Forbes & Co., Brown Brothers & Co., Lee, Higginson & Co., nnd the National City Company. There teemed to bo little question of the speedy absorption of the Issue, as most financiers look upon the bonds as in the same class as the recent Victory Liberty Loan. Among bond houses the strong selling point in their favor for Indi viduals and many corporations is the statement that "These bonds, thercfo.-c, havo as complete .exemption from taxation ns the First Liberty Loan 32 )r cent bonds." The principal point of discussion, however, was In reference to the vital difference between these bonds nnd a large Issue of "joint stock" Federal Land Hank bonds recently Issued by a leading house. ,i Wlon,a representative of a member of the syndicate was questioned on tnis point he referred to the following clause in the Issuing circular : Joint stock Land Hanks, although organized under the samo act of Congress, are owned by private Interests, the United States Government Holding none of tho stock, and there Is no liability on the part of one joint stock bank for the obligations of the others." A banker, when npproached on the same subject, said that the syndicate putt ng out these bonds had evidently in mind the possible confusion in the minds of the public over the similarity In the titles of the two issues, other wise they would not hnvc inserted this explanation; but he believed that both issues were good enough for nny one and it v,ns simply a matter of clioice, vvith all the facts before the investor. lie said that the advocates of tiie joint stock farm-loan bonds had used the same argument, only turned it around, as they contended that the injection of the government's part in connection with the ttock of the Federal Kescrve Banks gave a political flavor from which their bonds were free. ..w l0C.al rePrTntati of the house which recently issued the joint stock farm -loan bonds, when spoken to about the matter, said: hotcakes" " U? A" Ur buU3 httVe bcCn soltl: thcy wcnt like A few days a?o investment houses were regretting that more new issues were not coming out, as a flood had been expected In anticipation of tho demand which it was expected would follow the signing of the peace treaty by Germany Yesterday sentiment was all the other way, nnd some were saying that, from what they actually knew were being prepared and what rumor had hinted were coming, thcy were afraid there would soon be a glut In the market. Within a day or two It is expected a number of new, attractive short term notes, bonds and preferred-stock issues will make their bow to the public. Banks Not Burdened With Advances on Rail Equipment When speaking of the railroad situation a banker remarked that it was the general impression that the $400,000,000 of rnllrond equipment ordered at war prices by the railroad administration nnd nbout which there has been so much discussion, was lying on the hands of the equipment concerns nnd that no pa inputs had been made on it, nnd, for that reason the banks were saddled with the burden of financing the equipment com panies until the gmernment would (ome to their release. He said as he understood it no such condition exists; that as a matter , of fact the railroad administration has advanced Wrtually all of this $400,000,000 to the equipment companies nnd the problem to be faced now is to refund the amount due to the railroad administration. Tho matter, he said, is at piesent receiving the attention of a syndicate of bankers, nnd a tentative plnn for the proposed issuance of about $2T0,000,000 equipment trust certificates Is under consideration. The pro ceeds of the sale of these certificates would be paid over to the railroad .administration and the remainder would be met out of the excess earnings of the equipment, after making the necessary allowances for maintenance depreciation nnd amortization usual with this class of securities. The equipment would, after the maturity of the certificates, become the property of the roads by special nrrangement. This banker remarked that the equipment trust certificates had alwavs been considered a very attractive form of investment, and if such certificates as Indicated were Ksued on an attractive basis they would unquestionably find a leady market. Financial Briefs The New York Subtronsury gained $1,037,000 from tho banks jesterday, making a rash net gain since Friday of $L',4 15,000. LOCAL MINING STOCKS TONOPAH HTOCKS Jim flutter MarNamara .. .. Midway . . . . Mlzpah Extension Monlnna ... Northern star ... Itesruo Hula .... Wost End . Hid .84 .70 .11! .01) .11 .09 lit GOLDKIEI.D STOCKS Atlanta 0.1 I'lun Dull 0.' Booth Ill Dlimonilfleld IJ II 01 Daisy 01 Kenanas 03 Cro Oi smor Pick (1 Spearhead OS MISCm,I,ANEOUS Arizona t'nltrd 20 Nevida "Wonder R0 Tecopa Mjnlntc 09 AxK .31) ,8(1 43 .11 23 .11 or. 03 is 03 .01 01 01 ns .10 FOREIGN METAL MARKETS Nefv York, June- 10. Cable advices at the New York Metal Exchange this morning quoted prices in London as follows: Tin, spot, 243, n gain of 10s; futures, i'V.), an advance of 1; LIVESTOCK QUOTATIONS Chtcnso. June in I inniii "Oil head Market beef sierra fi slock steady to serona- Calves and feeders steady. Choice and prime, ilAOHu.as, m ICP.S1"1 0?i- 1S.!H05 common. 110 73 W 12.301 irood and choice. JUW14.7B; com. mon and medium. lo18 SS heifers, 7 7 Wlil cows, 17 12 70, canncrs and cut- . IV"?1 ''" v'' calves, light and eHy, tlilSOfrlH, feeder steers. W.5UM l l-75, stocker steers, 19W12. I HIIKK1' Receipts. 20,000 head Market l slow, killing claases opening 2&tpo0o lower Top lamba, 1.00. lambs lal pounds down), II ftlo0, culls and common, fulft 50, 1 yearling wethers, $l2,.r,01 15 7S, ewes, me dium good and choice. 17 004PU, culln and I common, 13 if 7 20. 1ICX1S ltecelnta. (10,000 head Market ' opened about 50a lower, but weakening and inosttv 50gv75a lower than esterday'a gen- j eral trade Eirly top, l-'O 40: bulk, 1 50 Wo 10, heavy l.3iao.l5, medium, III ,10120 20, light weight, till 40W2O 15, light I18&19 75 heavy Packing sows. l(j ill .',0; packing oow.i, U8.T5M1U, Pigs. (17 fl8. ritUbursh, Juno 19. HOGS Receipts, 45K head, Market lower. Heavies and heavy jorkern. $.'0 40(920.50, light lorkors end plan till Domnu 73. . alli:KI AND I.AMHS Ilccelpts. 300 held. Market stead) Top sheep. 110,50, top lambs, 114 50 CALVES Kecelpta. 250 head. Market steady Top 110 I Inelnnatl, June 19. HOGS receipts, "OO't head, lower. Packers and butchers, Ji)"u 1'n ')5. common to choice, 113(011 "5, Pigs and lights. 1319.5U, stags, J1UW 13 25 CATTLE Receipts, 1000 head, slow. Calc lower. $7M17 50. HHCKP Receipts. 4000 head. weak, l.ambs slow, 10 17 50. IlRt Iliiffalo. celpts, 2oo head Juno 19 CATTLE ne stoady Calves Receipts, straits. flMt. Sales, spot. 100 tons; iiSaLi!SiiKrium, head" ,!c t. futures, i"0 tons. Standard copper, i'1"'0". heaiymixod and yorkera. J.'i so ,, (oi . , ,.,.. car - J I "Bht orkera $205120 23, plga, $.'0, rough spot, tfvt os futures, S(5 os. Sa es. . iivein s.v aiara. li2HHl. state. 121021 1; 2,"0 tons, niectroljtic copjicr. spot S0 10s; futures, SS 10s, unchanged l.eau, spot, t'Sl lis Od, unchanged; futures. i'l lLs 0d off, 10s. Spelter, spot, 30 10s; futures, 127, both unchanged. Philadelphia Markets JJi GRAIN AND FLOUR WHRAT Receipt 202.430 bushe'a The market was n'llet but llrra under light o jerings The following were tho quotations: ,. . , 'n exrort elevator government Btr.ndard Inspection, stindard prices No 1 I5oWln.,cr- 2 30. No. 1 southern spring, i,iiv h'- 1. harJ "Inter. 12 i. No I r.J Y. .,t.fr.''"llcky, $-'37. No I red smuttv. -.3. No 2, red winter. $2 31, No. 2 north in sprlnir Jj 30; N J hard winter. 2.3 mrt.7Vc'1.Avln.terl.:arllck'- 2.tt. No. 2 red smutty. $2 33. No i red winter. 2.32. ?-..3 northern sprlm,. ?2 32 No. 3 hard lisn,--8-!- 'N'. 3 red ' Intel garllckv. tS 32: JJ 3- red. smuttv. $2 29 No 4. red. 5".'St; v."' Karllcky, $2 2S No I smutty i ..? garlicky, smutty 2 20. No 3 red. $2 2S, No 5 garlicky. $J 2l No 5 """' 2 23. No 5. ar.l'kj smullv IJ.24 v.V . Receipts 87RO bushels The mar ,h. 1J73 at,rnx nnd higher In simpathy with !2-' ,e a(1ance In the west. Trade, how i. ," .ouiet. We quote vvllow In car t?otn.0ratl0C$ai!8;)$fI,n'''' '" flU1"ty ttnd l0Ca- t,, ..r.""V,ee'.Dt" -'0 709 bushels Tho mir. ,V.,r -""v-u nc unaer llsnt otieriaas. but 1. , let. Wo quote Car lots as to location No. 2 white. HIfRll4e atandard v j' ...Hii ey.U,'0. 3 white. 79H4SS0C. u,.Fnm7,Uc''l'" S"0 bbls and 7 014. 43:. 10s. in sacks. Demand was slow and prices JJ , ,. rB,?ly' nominal Quotations To arrive p.i .A lba ln H0-lb Jute nacks Winter ,n 4?Wi. S'.e,,ern- ll.25ll 4U. nearb, J.Vo!51?11"'!: Kansas straight. $11 MI& I--a: do. short, patent. J124J12 50. spring 5??t:,Daient' 1212B0 do patent, $11.50 iVT,..0"' '. J9 73010 25 ,.."! FLOUll Was quiet and unchangsd. Vie quote at $8 2508 73 per barrel. In ".'', a" lo ouallly. RYE was dull. We quote at $8 2308.73 per barrel, in sucks, as to quality. PROVISIONS The market ruled firm with a fair Job bing demand for most descriptions Quo tations: Heef, In sets, smoked and air dried. 48c, beef, knuckles and tenders n"Ked and air-dried. 49c. pork famllv 34 33c.Jiams S l cured loose 3(!'i ld7Vic, do, skinned, loose, 84W035Vo. do, do, smoked 30V4 &37tt c: hams, boiled, bone leas. 53c: picnic shoulders S V cured, loose 2Mc: do. smoked 29vc bellies In pickle loose, 33c: breakfast bacon, 42c, lard, 35c. There waa a moderate demand at 9c for fine jrranulated. DAIRY PRODUCTS CHEESE sold slowly, with ample offerings at former rates. Quotations New York and Wlacondn whole-milk flats current make, fancy. J2SJ3JVic: specials higher, do, whole-milk flats, current make, fair to good, 3m waiHo. BUTTER The market ruled steady, but trade waa quiet and offerings were fully equal to requirements. Quotations Solid packed creamery, extras. 53c. higher-scoring goods, 5t3c. the latter for Jobbing salej extra firsts, 02c; firsts. 49030c, seconds, 4748c; sweet creamery, cholct to fancy. 53 037c: do, fair to good, BOM Me; fancy brands of prints Jobbing at OOOOJe. fair to choice, 30059c, EGOS Kine stock was scarce and 30c per case higher. Medium and poor stock was dull and Irregular, The quotations Free cases, nearby firsts. $14 10 per crate cur rent receipts, $13 50; western extra firsts, $14 10; firsts, $13.50; fancy selected eggs Jobbing at 54 Sue per dozen. POULTRY LIVE was dull and weak with ample of ferings. Quotations: Fowls via express 32 (uA.Se. anrlncr rhlr-lrana hi-nilarn not Leg horns, yellow-skinned, weighing 11 W2 lbs. apiece, 3055c: spring chickens broilers, not Leghorns, yellow-skinned weighing 1V a ift 10a apiece, 43VP4SC: wnite i,egnorns. el!nw-sk!nned. weighing, lli W2 lbs. aplec; 4J043C, white leghorns. ellow-sklnncd. smaller sizes 3Ktf42n! rnnitera. 21tt22c: ducks, Pekln. 27S2oo; do. Indten Runner. 30127c. geese. 20c: pigeons, old per pair. 40O4.V; do yourg. per pair 33W4oc. juiiHssuu irauo -was quiet witn nun chance In prices. The following are the quotations: Fowls fresh-killed, dry-picked in boxes, weighing 4 lbs and over apiece. 88c: weighing S03V4 lbs., 30c: smaller sizes. ll-'34c; fresh-killed. In barrels, fancy, dry- picked, weighing 4 lbs. and over apiece. S7Vsc: weighing itCi lbs, apiece 33030c'. smaller sizes. 32gf34c: old roosters ory plcked. 24c broilers nearby, .'ijtl-'e. do, western. 4803c; spring ducks. Long Island. otic: squabs, per dozen, wnite weisnins 11IFS19 Ihfl no., ifn, 111 Mflo l do do. weighing 9010 lbs. per doz , $7 ROWS 2J: do. do. weighing 8 lbs., per doz $600 75: do do. weighing 7 lbs . per doz $4 50O 6 S.1I do do, weighing tNTOn", lbs per dor dovb ou; dark, $1. 5UtP2.2o; sman ana z, uucvi.'. FRESH FRUITS Choice stock met with fair sate and vsluen centrally wre steadily iield. Quotations; Lemons, per box. $3 30O3.30. Oranges, Cali fornia, per box. 12&0I1. Mtrawberrles per nuirt. 15fp38e. Cantalnimea r-Allfornla. Der crate, $4 OS, Watermelons. Florida, percar. sjuotyu-'a. mnrkberrles. North csronna. 'les nsarDy, per reaches. Georgia, per crate. $1. 3003.73. VEGETABLES Old potatoes were dull and again vreaker. wblU new crop ruled firm and hither, with n good demand far desirable stock Octant i4 waauase was ivv ii ; wnut potatoes, am. p,r t jWnile. VOlatOW. eVV A,,. 1 $2.B! No. tap nuart. 20jsl!8o. Cherries nearby. be, aweet. 14 M 22c; sour. ISHI8c. flrmlr aro? ,' r is ft y, ft . . 'ri Carolina ard North Caro'lna, per bbi No 1, J3J3.73. No S $2 ,V)4 White P f',fni","n.!hm' Virginia, per bbl -" ,, U. II ,!,. .1 ,,I,11:1 T.-l 1. xuatririi). xo t .-.nffiin t ,vku. i"u,iuca, .-..iiiuik per uui -r,o 1. 15 50. 75W3 Cabbage Norfolk. ix.r crate per per I $2 0 BUTTER, EGGS AND CHEESE New York. June 10. nt'TTER Easy. Receipt, 10.1211 tubs HUh scoring. BJ 52Mc: extras, ll'i O.llMc, firsts, I9V4 Wnic: sccondi. 4714 049c: stnte dairy, nnVj O.'ilc EOGS Steady. Receipt,. 21 975 rs.J. r re-ih-gathered extras -Oo 5lo. stnrHge packed extra firsts. 49040. storage packed first,. 47049c. gathered cxtri flret,. J7fi) 48t4c. tlrsts.44V4 4nHc. scond, 37S4l"Ac dlrtle. No 1, 3839c; No 2. 3037c' chfcks. 3HW37C. state nnd nearby hennery whites. 590(12c: gathered whites. 47038c western whites 4758c. western and south ern gathered whites, 40057c, state and nearby hennery browns 525i15ic, gathered brown and mixed, 49051c. CHEESE Steady. Receipts. 4802 boxes EJJi. currt make colored average run. 30 30V c flat current make white average run. 30O3OV4C. colored specials. 31031Vc' white specials. 3i 31tt c. " '" Bank of England Reserve Large London, June 19. The weekly state ment of the Hank of England shows the following changes: Totnl reserve In creased, 9SG,000 ; circulation decreased, 2S5,000; bullion increased, 700,00(1; other securities increased, 342,000; public deposits decreased, 20S,0()0; private deposits decreased, 208,000; notes reserve Increased S.14,000; gov ernment securities decreased, 8,280,000, The proportion of the bank's reserve to liability this week is 11). il per cent. Last week it was 18.17. The rate of discount is 5 Per cent. LOCAL MEAT MARKET The following report on the fresn western dressed melt trade In Philadelphia is fur nished by the lecai livestock ard meat office of tho Ilureau of Markets United States U purtmpnt of Agriculture FRESIt REEF Receipts light: supply moderate market steady, demand quiet. sittftliri neteipis itgnt supply moderate, bulk common and medium grades market stendv at $13 to $20. dtmand fair COWS Supply light, market unchanged, t $12 to $11 demand light VEAL Supply moderate, market steady to strong, good to choice calves selling from 52ii to ' per cwl, demand rair PORK Supply moderite market barely stead at $27 rn $32, demand limited. LAMB Receipts moderate, quality poor; market weak and draggy at $23 to $30: demand iTTilet. MUTTON Receipts ltsht market slow and dull, at $14 to $20 dmtnd light. Liverpool Cotton Liverpool, June 10. Spot cotton quiet; prices higher; good middling 20..r0d; fully middling. ll.IIGd; mid dling, 10.40d; low middling, 17.91d; good ordinary. lC.liGd ; ordinary, li".73d. Sales ."000 bales, including 4500 American. Receipts, 7400 bales, all American. Future closed very steady; June, 19.43d; July, 19.2Sd; October, 18.52d; January, 18.03d; March, 17.83d. bHKEP AND LAMUS Receipts light steady and unchanged. HI. LonU. June 19 IIOOS Receipt, 10 OOo head. Market slow, unevenly 2iM&"0e lewer early top out of lino. Top. $20 110 bulk 120B'20.3j. heavy weight. J2U 2,iP 20 .VI : medium weight. I2UV2II 2.". light weight, $10020. light lights. $18.73010 W nenvy packing sows smontn, im :iisiiu .1 packing sows, rotgh, $ltl.2501K.23, pigs MO u III Oil CATTLE Recelntn. 2300 head. Onrnlna slow, steer, aliout steady yearlings unevenlv 5UO3c and some $1 lower for tho week cows and bulls about steady, few Blocker! moving. iieer steers meqium and gonu, $12l?013. common. SKI 71(0)1' tlnht uptaht choice nnd prime. $12.jOUl4,50 medium and good, S9 75W12 30 butcher cattle, heifers. fHfAli UI .. ITffllll " &.,..-. an.l l,t "tern $0$$7 23 e-l caHes, light and hindv weignt. $12 30017 feedir steers. $S 23 0 1.' in stneker steer, $T 10011 75 1 SHEEP Itecelnts 2.1011 liiud. Rarlv bids 50c lower, no sales. Hnnth Oinnhn. .Tttne tfl H-1tOO.t!Tlnlt 12.300 head. Market 4llc lower thnn vrn. tcrdav Pigs $17 .10WI1 L'ATTLh- Itocvlntn. 3700 henrt Mnrk,t beef nnd butcher cattin steady Stockers and teeners liiqrisc lower SHEEP Itecelnts 8300 head. Market I uu,i utuailjr ttij ,unc Kansas City, June 19 HOGS Receipts, 7000 head, uneven. 20c to 40c lower than yes. terday's aerage. closing strong with the decline Hulk $19 .KirSlll 91). heai-s $19 K1 W20 10! medium wclgnts, $19 70W2II 10, lights. $19 43011)85. light lights, (lit VOW in 111. packing sons, $10019 73, pigs, SIS 50 019 r,o CATTLE Receipts. 250O head and 300 cnlse. beef and butcher cattle weak and uneven: lealers steadv to strong, etockers and feeders weak to unevenly lower heavy beef steers, choice and prime. $14 10(7rl5 31, medium and good $12 5il'Ji14. common and medium. $'131012.13. butcher,' cattle, heif ers $0 00013 21 cows $0 10012, cannors nnd rnttem. $12100 31 enl rnlip, lltrhf nnd hend. weights $13013 2.1 feeder st ers, $.7.if(ei i t.'i ptocKer steers Si 4010112 mi SHEEP Receipt,, 3000 had. slow. 20c to 50c lower: goats steady Lambs 84 pounda or e $14 21017 71 culls nnd rommoi. $12014. yearling wethers. S11CT13 71, ee. $0 7.10'l 75 ewes culls and common. $40 0 10, breeding ewes. $10017. goats, $50 8.30 I Cottonseed Production Washington. June 19. The Census Rurcau, in a report issued to day on cottonseed and cottonseed products, places the production of linters from August. 1918, to May 31, 1919, at 910,."41 five-hundred pound bales. Cottonseed received at the mills May 31 last was placed at 4,- 373,294 tons. &I4 Service and Stability Claims Are Easy to Make, But Results!; Really Count i We want a chance to per sonally demonstrate the service we are eager to render and will leave the verdict to you whether it has been worth while or not. Our officers are always ready to discuss any busi ness or banking problems with you. Integrity Trust Company Fourth and Green Streets Capital $500,009 Surplus X- Profit . . .$1,610,009 Less Demand for Refined Sugar New York, June 19. The demand for refined sugar is less urgent than a week ago, but despite this there is still considerable business, while the re ceints of raws at the Cuban ports have fallen off somr 20,000 tons under last week. Itefined sugars arc un changed at 9c, less 2 per cent for cash. Raws are unchanged at 7.2Sc. FINANCIAL CHICAGO BUTTER AND EGGS Chicago. Juno 19 HirTTL-R Receipts. 14.138 tubs. Mnrket steady. Extras soft MV40. fl.sts. lIMIlHSc. second,. 411047c. standard, 5O05OV1C, pack ng stock. 10044c EC1QS Recelnis, 24 311 nsV Market frm. Firsts. 40041c: ordinary firsts 37t4 i SI'S-,"?1''""!!'1''.'"1" 3714 tsWVic: dirties. 34& U.S. FOREIGN CREDIT GROWS High Record of Exports Reported for May Imports Large Washington, June 19. Continued high records of exports in Mny gave the I'nited States a foreign trade credit of $3,505,000,000 for the first eleven months of the fiscal year, $141,000,000 greater than the previous record in 1917. In eleven months this country has sent abroad 50,3OS,O00,0OO worth of goods and his received 52,803,000,000 from foreign countries. May imports were th,e largest in the history of the notion's foreign trade, amounting to ?320,000,000. Exports totaled $000,000,000. LONDON STOCK MARKET Mexican Eagle Oil Shares Buoyant. Other pils Lighter London, June 10. Mexican Haglc Oil shares were buoyant on the stock ex change today on rumors of their im pending introduction into Wall street. The rrmainder of the oil group dis played strength In spots. Industrials were Irregular on mixed trade reports. Domestic securities were hard, but without feature. fjenerally the markets were quiet and steady. TO IIOI.DKRS OF r.llI'HtK ltl'.FlMMl COMPANY rirt Mortgage nnd Colluternl Trust Ten lear Milking l una rix i-er cent ,oia lands, dated trbruary 1st. 1917. Notice Is hereby given that proposals are InMted to oe mane to uunramy irusi t,om nanv of New York. 110 Tlroaduay. New York City, tor the sale to the Sinking Fund provided for ln tho Indenture between the Company and Guaranty Trust Company of New York as Trustee, dated February 1st. 1017, of First Mortgage and Collateral Tlust Ten Year Sinking Fund Six Per Cent Gold Ilonds of Empire Refining Company, dated February 1st, 11)17, and secured by said Indenture, at prices not to exceed 101 per cent of the principal of such bonds flat with out interest On or before August 1st, 1019, this Company will deposit with the Trustee sumclent runas to renre on mat oaxe. at a nrlcs not in excess of the principal amount thereof, plus a premium of four per cent of BH IU JirinilCni. uuuui imu.1 ill ai,,ski: i,&i:i3 alue to $100 000. and said fund Is to be applied to the purchase or redemption of bonds of said issue at not to exceed the price above mentioned All proposals should be securely sealed and marked "Proposals for sale of bonds to Sinking Fund under Inden ture of Kmplre Refining Company, dated February 1st. 1017," must be for all or any part of the bonds offered, and must be re ceived by the Trustee at or prior to thre o'clock d. m. on June xttii, ii. Advices as to bonds accepted will be mailed on or before June -jtn, iuiv, by the Trustee. Coupons due August 1st, 1010, should be detached from the accepted bonds and presented In the usual manner at the office or agency of the Company, (JO Wall Street, New York Clt. Dated June 10th. into KMI'lltE RKriMNO CIIMPWY 11 FRANK W. lTtl'UMTF, Vice President The following companies offer J INSURANCE of all kinds L Beidler & Bookmyer General INSURANCE BROKERS 324 Walnut Street Lombard S7 Afafit, Ji4 New York Office 5)5 William Street He Oldtxt TitU Company in On WerU fteal (Estate mit Snjfurance antJ Qmtst Company of 33ljUaoelpijia , 523 Chestnut Street WILLIAMS a C& WALTON 1 General Insurance Agents a your I I I LETTER G , 1 Nos. 416-420 Walnut Strett- PHILADELPHIA LETTER HEADING M Should impress the reader with Quality. If it does, he presupposes that your product and serv ice are the same. Specimens of Printing from Steel letter headings sent on request. Phone Market 160 WILLIAM MANN COMPANY A. Dlank uoow 1 now L.mr BV stationer. I'lintlnc, la KptraJn Lit husrup nine Q 529 Market St. 'uiumiiirsiiiiinuiiiciiiiiiiiuiiitiniiiiiiiiiiriiiiiiiiuiuniiiii 1825 1919 TnE ' PENNSYLVANIA! FIRE Insurance Company lNCOnrOHATED 182J CnARTEIt I'FBrKTCAI. Omce. 508-510 WALNUT ST. l'lULAIirXl'IIlA. TA. fnpltnl Ainetn Net urplni nrpliin to PollcTholdern , $7i.n,000.0ft -""""",vw iT nniuiniciiiiiiiiiiiiinitniimiiiuiiiiiiiiiiiiniiitnnimaiiiii 1817 1919 sL Ir i T nre j Association , OF PHILADELPHIA N. W. Cor. 4th & Walnut ' Has given lta policy holders solid ' indemnity for more than on -hundred years and has never ' been so strong financially aa now. Havo you a policy ln thi? old and reliihtp Cnmpanv? CHARTER PERPETUAL J New York Metals Markets New York, June 10. The following prices wrre qnotrd at the New York Metal Exchange today : Copper Spot and Juna 17517 : July 17018; August 17J18M : -November 17 18H-: October 17fi?18; November 18(f?18. Market firm. Load Spot ri.ltib: June fi.lC((i5.40; July fi.SOffi) 5.40 ; August 5.205.45. Market firm. Spelter Kast St. Louis Spot and June G.450.0O; July 6.!52Vi(fJfl.Cr; August 0,n7'j0.75; October G.80 0.85. Market firm. !'-,s Kensington Trust Increases Dividend The Kensington Trust Company has declared a fccmtannual dividend of 4 per cent and an extra dividend ot 1 per cent, payable June 30 to stock of record June 18. Thu two previous declarations were at rat U. S per cent ond 1 per cen( extra., r i ' 'I ' l .? ffi'rt.. , i .itit Ml yji .v i' i-. .' Mf-tn.' .. -.Y,vi --t,' "ii 1)1 I.XHAIIP, IMII.KOAll COMI'Y QKNrKI. M()KTl.A.i: 1'41 IHINDS MJtlKS A MArlTMNO 1933 Iluom 274. llroad btrrt Statlun, 1'hllaiielphla. June 13th, 110 Sealed proposals wltl be received until 13 o'clock noun. FriiU) . June 21IU. 1019. at the abov olllce. tor the sale to the undersigned Commissioners of the Sinking Fund nrovlded for the rvdfmntlon of the bonds Issued under the Oeneral Mortgage ot the Delaware Rail road Company, of a sufficient number of said bonds to absorb the sum of 13(1.400 0U at the lowest price not exceeding par in ac cordance with the provisions thereof: The bonds so to bo purchased, if coupon in form, rrust hae all coupons maturing after July 1st 10111. attached and If realsterrd must be sccompanled by appropriate powers of attorney authorizing transfer to bearer. Proposals must state the numbers of the tanrfa ftfrvrdrt The honds accented wilt ha paid far on and after July 1st. 1019 on presentation to Henry Tatnall Treasurer, the Pennsvltanla Railroad Company. Room 180. Broad Street Station Philadelphia, and interest on nonas accepun win cease July 1st. 1010. The right to reject any and all bids Is reserved. ...... SAMUT3 RKA JNO P dREEN Comms'ilnnpr .sinking" Fund CIIKSTI'K KII'NTV I'l'IILIC MPKVII'K COMPANY i'lIlIT MOUTH IRE THIRTY YEB iV. 8IMSLN. FI'Mi (jOLII lUlMIH. DUE JI'MI 1ST. 1041. 1-ursuant to the terms of the mort-rase dsted June 1st, 1011. the understated In vites tenders of the abnve bonds for silo and delivery as of July 10th, 1010, st a price not to exceed 10 of the par talue there of snd accrued Interest to the extent of tlOll.TT. the sura now available in the link. In. ftlVlil Sealed tenders, statins; the numbers of tho I h,n' nffpred should be addressed tn (Ir.'. TER COUNTY TRUST COMFANT. Trustee Blnklnir Fund. Chester County Public Serv ice First Mort-esie Thirty-Year 0 S F. Gold Ilonds. and will be received until 3 p. m., Jnlv 7. 1019. dlKSTEIl COUNTY THUST COMPANY. Trustee J E. RAMSEY President. West Chester Pa June n 10 1 0. GIGANTIC AUCTION SALE 261-269 No. Broad St $75,000 Stock of Tires, Tubes, Supplies and Automobiles TO BE SOLD BY PUBLIC AUCTION Regardless of Coat or Value Sale Begins Monday, June 16th to June 21st Sale All Week Hours 10 to 12, 2 to 4 All Make of Standard Brands. All Sizes New and Used SPEDALLE&KUPERSMITH Auctions. 261-269 No. Broad St Annnal Metlns-fl AMERICAN CAR AM) FOUNDKY CO, STOCKHOLDERS' MEHT1NO The Stockholders of the American Car and Foundry Company are hereby notified that the reautar annual meeting of the Stockholders of said Company will be held at Its offices. No. 243 Washlnaton etleet, Jerser City. N J . June . 1010. at i o'rloek noon, for the purpose of electing- a Hoard of Directors and. transacting; such other business as may be properly brouaht before tho meeting H. r WICK Secretary Dividend. orncE of tvEi-Bncn company Gloucester. N. J . Jun. 18, 101. Th. Dlreitnra have this day declared a semiannual dividend of three and ene.half per rent (13 50 per share) on the Preferred BtocK. ana a uiviaena ot iwo per cent tij t HAre nn tb CommAif btocit. parabl Jn au. laiv. to .loranoiQer oi ncora at 4h rlose at bustoes-' June 21, 1810, Caeckl H lo iwUedv J M. PWVU.M. Treaaurtf. Jtv i " -"" ...i -.. - -..,.. ., ii iiyva ft-mi teaF PHILADELPHIA STEAM HEATING COMPANY ENGINEERS & CONTRACTORS F0R7HE COMRfTE GENERAL MECKAH1CAL EQUIPMENTOF F3UI1D1H0S JUNIPER and CHERRY STREETS Healing Plumbing Ventilating General PlpfngWork Steam Poyver Plants Sheet Metal Work. Repairs rtlwoys ot your Service Do or NigHt -gyrA ti r H If " " . Jr -" A'W .' .f fi. '-. " i 1 J . t YhJ I. ' ' .' i i . . . 1 . "V . IK ' M 71'; z-A. ' ". i ' ., ' w,C..--..iK a"r. " ' "MS, , apsMsacsssssssssBS "J. . V ' &-W &JT i n w r--S t "5 "!. fcf'MBlaagas.. V'. . . t-kJ ''-' o , la
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