"
't
:
V
3..
. , . - ' , -. J. ,, . ," t. .., ,r.i -a,.. ,, 7,i, , , iLil
2U
U 4.5
I I
!V, FWANCIAt.
. , .
& "Thli lint In" tnrt unar " i
1J.
VM
IS ftto MJfM.V Trcmuty lindyr ''"c0,
ft April. 1019. but It must be lltlnctl un-
ii ntood thiit In trantlnit uch UiJ ")
tmmrr doni not thcrtliy tnke ny re
K, wmilblllty for th financial ounanr- ...
7 the, nropoMl or for the correctnmrf of anr
L 6t th atatemenW made, or opinions
fisavu null irniu
BRITISH-AMERICAN
TOBACCO COMPANY, LIMITED
i Notice to Holdert of Share Warrant.
h to Bearer for Ordinary Share.
NOTICE IS IIF.PUnY GIVEN that by
Tteinlutlon of the Company pafd "
nineteenth day of May. 1919. It was re
solved aa follows!
, JtESOI.t'TION.
That of the rest of the unissued Ordinary
Shares 2.131.773 shares ahull .offered to
the members on the reiiMer or Ordinary
Shareholders on the Fifth day of June lll
and the holders of Share Warrants to
i Bearer for Ordinary Shares on the same
date In the proportion of one share for
, erery three exlstlnc Ordinary Shares (Unor-
lnr shares whlrh are not complete multl
. Plea of three and not allowing Renletered
Shares and Shire Warrants to nearer to
be added together for the puriwse ot appli
cation nr allotment) held by them at the
Price of fl per share paynblo to one or
the Bankers of the Company In London
On the acceptance of the offer namely nn
the Fifteenth day of Auku1 1M! ami that
auch offer be made ns to Heoietcred Share
holders by notice specifying the numbers
of shares to which the memlwr Is entitled
and statins: that If It Is not ncc-pt-d and
payment made on or before the above
mentioned date It will deemed to he de
ellned and as to holders nf Share Warrants
to Hearer for Ordlnarv Shares bv such art
"t vertlsement ss the lpctnrH shall deem
J advisable. Sur-h advertisement shall state
that holders of Share Warrants to Hearer
r for Ordinary Shares must In the Prt In
. stance and nn . r trf-fore th Fifteenth dnv
of AURUSt. IHl't, deposit with one of the
Bankers In 1 ondon an appropriate coupon
. (to be Indicated M the Plr.'C'nrs as evl
"" dence of ownership rr.ivbled nlWRja that
i the dates tn all nr rnv nf the before
mentioned ca"s ni.l he extended tn a
later date In the nlilut dlsrrctlnn ot the
- Directors I'pnn surh deposit- l.efnfi made
the Company shall I... leem. .1 t.i mike
to the depositor an c.IT- r nt the n-imrer
or shares to which he l -ntltlrd -in.t f"
advertisement shall -mmlrr the depnsltnr
In every ca to forthwith slim a form nf
application for sueh shares which mil be
supplied for the purpose and to piv the
i'm of 1 n reprrf 0f ,..,,.1, slur,. lp.
Piled for If In anv cise a sharehnller .halt
not Stirnif his neceptunee bv p.t-n"rt i-f
the said si.-n within the time awnl,.! nr
such extend , t imp as msv be lltrd bv the
,'irrcion ; s ornresipl (Jin nffer will be
deemed to re declined and the !"lreenrs tn.iv
dispose of .in .hares not nnp.l.-d and pild
, ror within th prescribed t!m. tr re.pnns
to such off. rs In su h manner as thev miv
, consider expedient In the interests of the
. Y?Wn.v Th" ,n!1 Sh-irea eha!' rank for
f oltMmil as from the Fifteenth dm of Au-
rliJi' Anln or "urn ,","r ''ate as pament
with th c. nmt if the Director may be
mane therefor.
To enable the holders of Share Warrants
to Bearer for Ordinary Shnr-.i to subscribe
i 1?.K 'he new shares tn which thev are en-
.!. ' ,hcv mu"t depilslt on nr before the
Fifteenth i of Aucust. IHlti Coupon Vn
73 attached tn e.(rh Warrant held bv them at
rr?T.f "" undermentioned Hanks nnm!v
NATION-AI. I-nnviNl'IAI. lNIOV HNK
OF EXOr.ANTt MMITEP. S.T.nv Court.
01 II". Strand. London W. C 2
IXOTDS nvvK LIMITED We.tmln.ter
House 7 Mlfbanl S W 1 or 71' Lom
bard Street London. E C. 3
The LONDON JOINT CITY MIDLXND
HANK l.IMITKD W.-sleyan Hail. West-
minster. S W 1
Ol'AIlANTY TItl'ST CIMPANT Or NEW
YORK. 32. Lombard Street. London.
E. C 3
The COLONIAL HANK. 211. (iracee-.urch
Street London r. C. 3.
Upon such dpnstt belne made the Com
pany shall be de-med to n-ake to the de
positor an offer of one Ordlivt-v .?hare In
respect o' every three Ordlnarv Shares hi Id
by the depositor, but not for imml th less
than three, and the depositor must forthwith
sign nn acceptance form and pay the sum of
fl for ea.-h share accepted
Forms nf application can he obtained from
' the Companv s office at Westminster House.
7. Mlllbank S W 1 or the Company's
, Office at 511 Fifth Vv-ntle. New York.
Coupons and applications must nnt be
transmitted to the i nmpanv's Hankers
throuch the post, hut must be lodtrpd per
sonally or throuch a Hanker If nv Cejpnn
accompanied bv an acceptance be not so
deposited on or before th. fifteenth dav of
Aucrust next or such later date aw the Hoard
may in any case allow, the offer stu'l be
deemed to be declined and the rlcht In re
spect of such Share Warrants to participate
in the offer Fhall cease and determine, and
the holder thereof shall bae no claim In re
spect of this offer acalnst the Company or
anv Directors thereof
The new Shares when nllotted will In due
" course be reclst.red and may be exchanged
later on if desired for Share Warrants to
llearer upon payment of the usual fee and
stamp duty
The new Shares will rank port rnt is
'- from the date of payment therefor with the
, exlatlnc Ordlnarv Shares.
Registered Shares and Share. Warrants to
Hearer cannot be added tocether for appli
cation or allotment purposes
BRITISH-AMERICAN
TOBaCCO COMPANY, LIMITED
A M RK'IvAIiDS. Secretary.
Dated 14th June 101.
Westminster House, 7. Mlllbank. London,
S. W. 1.
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK
PRICES
" "ii
v. -
MOST STOCKS CLOSE HIGHER,
PEACE NEWS AIDING ADVANCE
Gains Follow Losses in Irregular Early Trailing lialihvin
Scores Wide Gain Bears Drives Unsuccessful
New Yorlt. .Iiini1 ".1. Although tho coiicotitratlon of interest In tlio
(lovplopmonts in l'nris, in nnticipntion of the Hlnninc of the (icrmnti ponci'
trrnty, wns tlirrotly rt'spnn.siblc for a ooiistnnt shiftliiK 'f the nmrki't po
sition in niany stocks, with important rprossimis in numerous issues, bovnusp
of pressure from n speculative clement, there ns no sIrii of netuul weak
ness in any slock and the important movements of the day were to mate
rially higher figures.
The action of some on the belief tlint a decline would follow the signing
of the treaty wits tn put out lines of short stocks constantly throughout
the day and there was u good ileal of liquidation by bidders that had become'
uneasy by recessions which occurred as a result of the bear drives, but the
supplj was absorbed without effort, and after early declines the market
steadied itself generally, sustaining little, if any, loss,
1'nited States Sleel ranged from 1(IS!1H to 107, having a good rally
in the late trading.
There was persistent accumulation of llahluiti Locomotive, which rose
nearly '2 points to UMI",, and Crucible Steel was in demand for n good
part of the day with a sagging movement in the afternoon.
Com Products demanded special attention, with an advance of more
than ."i points to above 77, making a new high record.
(fenernl Motors, after falling to 1511), advanced to above 210.
Some of the low-priced railroads were actively traded in at gains of
1 to " points.
Many bonds were in good demand, but price movements were in most
cases narrow, there being little change in the market position of the lending
issues. Liberty issues were steady, but Victory notes were irregular, with
the I a s in good demand.
itTslETlf :CURB PRICES HIGHER'
ON TREAT! REPORTS AFTEREAHLY DROP
No Significant Price Trend, Al- General Asphalt Is a Strong
though Moderate Advance
Follows PeaceNews
Feature Cramp Shipbuild
ing Sells at 144
Xew York, .lutie 12!t. The New York I
I'vening Sun financial review this
afternoon is as follows; i
Today's stock market was a trailers'
curatclj as anything perhaps. With I
to nni.ri:iis or I
KMriRK KKFIMNd COMPANY
- ...... .....I -..11.. A . rw . w 1
Year Slnklnc Fund six l'er Cent, (.old .the signing all blockades will be lifted
Bonds. Kated February 1st. 1817. and Willi street, ill company with the
rjouce is nereuy Bivtn imp. proposals aro ,.,. f the world, ivill enter a now ere,
Xew Yorlt, .June 2.1 The Ilroiul
street curb market gae a good account
of itself in the trailing in the lirst half
of the day and except in a few oases:
ll not disturbed bv the feverish tniio
affair, without significant price trend. xvhh-Ii was created on the stock exchange
There was a certain substratum of because of the approin hing signing of
strength throughout the session, and ;""' peace treaty by ticrumny.
there were intervals in which the list ?"m" of ""' "''"" that had made
. , , ... , gams recently, reacted about 1 point
moved forward with some sh,v- of , .,, , . . . . ,. ' .,
from the opening, but soon after mid-bi-iskncss.
and again when it was sub- .,i,lv lnst ()f ,P!(, nsv,,s W(T1, rp(.0V(,rc(I
jectetl to prettj sharp setbacks. imd the general market showed a good
The topic of the day which engrossed I flegree of strength,
the interest and attention of Wall I '"'''' '"''kers ranged from fi7 to (id
. i "' South American (iold and Platinum
street ws, of course, the peace treatj. ,;,.,,,,, from ,.,, t() ril ((l ()f
Washington advices stated speciticall about HOOD shares.
t tint the liciuinii." would sign without ' Ueneral Asphalt was a strong fea-
r.w..r.-nio,, nn.l snel, was 11,.. tenor "". moMllg up ; , points to 1.1. t .un
of dispatches from Kurope. The time
specified for the historic and cpo lial' building sold at 1 It.
stroke of tin- (ierman pen wns 12 o'clock I National Ice was in moderate supply,
this afternoon. New York time. I'p declining from M to 7!)'j. lntercon
to that moment the market merely ebbed tinental Ktibher was heavy again in the
and flowed. Everybody felt that it was early trading, ranging from 1!1 to lill'o.
futile to place reliance in precedent for Swift International dropped from D
giiidiuii e as to the irobable course of . to (ID.
the market when the actual signing Cosden & Co. was one of Hie strong
should take place. features, selling nt 11U to Jl-',"s. Itetli-
lt was not at all convincing that there ! lehem Motor was traded in nt 'Jl!:lJ to
would be a decline, because that was 'x-t. North Ameiiean Pulp sold nt
what happened after the Spanish War, j '.! to li',.
and there was nothing on which to base' Savold tire issues were strong. Savold
an opinion that there would be resump- I Tire selling at ."is to lili. New York at
tinii of a widespread bull demonstration. I M to .11 and Ohio at Ul to 121'.,.
Lither were thought to lie likely and inim'.ntwai.s'
neitlier cettain. Wise men declined "' Ajkert Satj
to proplicsy, Jnsteaii many of them sold Aetna nxplnKives . . . 8s; 10 io
out ami then sat down to wait. I 'm lirit-Mfi,- 3 n
MM... . ....... O.I.. ...! .l ..'?" .""""'..- l
iiic -un'i .m ;?i-n;-ii.i.- onii .-5,-viiivvi .i .Mnermin rlllni; I'aper
bit nweil by it. tin
the note of the duj 's operations as
monwenlth Petroleum wns strong, rang-
j iug from (!()"!S to 01 '(.. Cramp Ship-
fact touclied ' lr IJeOuctton
i v minuiaii t
dm "'ar A Pdy V(A ...
L'harcotil Iron
i'h.'rolt-t Mutnrs
I'ramp
Ourtif atiii ,ine
t'arwt n Tonl
Curl-on Mt 1
Kine-rsun PhunosrHph
Hinl.'t Man uftir luring
I..ik. Turn Ito-t . . .
Ifhlj-'h I'oai Snls
N Y Shlnbniliilnic . . . .
N'nrihAm.T Taper Pulp
mid a kimmI deal of (lUrountin lias bvvu voTifia Mntnr "'.'"!! '
acr(jinililn'. TIip (vvvr for njiiMilatioii ' J""mW lnfnth
out nf priMiiisv and nf problem. The
hope- of the mil' phao and tin1 clifii - I
i ultiw of the other have alike been
inri'fully eilied from time to time
Invited to br made to tJuaranty Trust. Com
pany of w York. Hi) llroadway, NVw
York City, for the frI to the Slnklnu Fund
provided for in th Indenture between the
Company and Guaranty Trust Company of
New Tork. as Trustee, dated February 1st
1017, of First Mortcape and Collatt'rarT,ut
Ten Year Slnkinc Fund SU Per Cent Gold
Honda of Kmpiri Keflnlnsr Company. dat,t
I'euruHi; ji. ih. mm sfcureu ui (nld i "'
jnaeniure. at uric en nnt m oirppri n nr o... 1.,..,, .,i...-.i i...t- ;t .. .. .......:.... s...i...t ....
nt. of the prln.lPal of such bonds AM with. ,",. ''.'''''' , " " " ''"''u" s 1 Alloy. -"
out Interest. On or lefor Aurut lt. 19B ! It It llll.s bei'ii cured. Sul.nmrlne
thl Company will depniiit with ti-. Tru-ie TradiiiL' uas acain at the rate of T"'M ShiphulWlmc ' !
lufflclent funni to rellr- en th.t date, at n ..,. "7 7 ., . THancl- Film
price not In exreM of the prtnrirui amount I 1 .(KM), 0(10 shares for the session. The fnitil l'roilt .Sh.irlnii
thfre!:r.,"s,J"J,!,l!,i?,."r.'our ir rent of (1,.tli,m s i,(i.. l., .,, i i KteHitishlB
saia pnncniMi numin r-iuai in npfrieiTit.' face i ' n i ruli-n .Moi.ir.i r,o
value to 1500 000. and aald fund Ih to b-1 ipiiekly supervened, followed towatd World -mm .... J.
applied to the purchase or redemption of . i i u i -in "iu WriK(U.j,,rtn .ir .... 4
bonds of sa M lauo at not to eic.i .v.. .,..; iniddav by a decidedly mixed nertorni-
above mentioned. Alt proposals should Iwiniin.. in uliii-li niinierniis vfr..,,,. n! STAMIKII Olf,
securely sealed anil pilrKefl Proposal , fori " ., , . ' i;'"" ' Illinois 1S3
"ami- in ine flliri.UT. .11 lue .s;inic lime Ohio 1170
ll
.1T.O
.HH
. 1.-.
3
.1111
. lHa
17
. 1V4
. 7
4:i
. i;
. SL'
i!tVj
'. 5ii
: P
:tiSw
i
-'!
n
.-.7
85
110
S
.100
H.-i
II)
11.1
NEW YORK STOCK SALES
Previous
a i t-. cl0"'. 5,lh I Close
Adams Express . CO flnj. S0) 50H
Advance llumcly. H 4h Ui 44'j
''v nT.,y ' ' 7W 74 73 73'
AJnx lltibber ... il)j 04V )H D-l'i
Alaska Juneau .. 2 'Hi n 2'(
Allls-Chnl Mfr .. .(3!( 431 42H 42J
Allls-Chal MfR pf. Hi) nfi.'f !)5! U.Vi
Am ArHcuI Chem.lU 110 10S 10S
Am lleet Sujrar . S7) SSH 87H 87M
Am llosch Mag .101 10.f.tf 10,s 103
Am Cnn C7 o8)i r,CH S7H
Am (Mr & lMy ,i(i!)i H2 109,'fUO
Am Car & Fdy pf.H7'f
Am Cotton oil .. nii fi.1 01H 03
Am Drug Symll . 2'j '2 i 12'4 12j
Am Hide & I.eu . ..'l.(i4- :;, 331 ,3314
Am II & L, pf ..i-.fit, 27J," 125 125
Jm Ic 00 m 03J, 05
Aln '" Pf 7o 71 74 7-t
Am International 109Jilll, 107.1a08t4'
Am I.lnseed 75 70 75! 78li
Am I.lnseert pf ., nr, n!,' Q8 8M
Am Ixiconiotlvo .. M'i SO.'j S4J5 80
Am Wo pf nT k 100 100 100
Am M lstpf oof d. fit 03 (il 03
Am Smelt & n0f , sj Sj;j sijj iS,;j
Am Steel IMrles . 2, 13' j 41'i 41 (
Am Sujjar Kef . 133J,13t4 133'i 1.13'j
Am Sum Tobacco 111', 110 113?i 1141
Am Sum Toll pf . . DO
Am Tel & Tel ..ion 10(1' i lOo'i 105',
Am Tobacco . . . .219'i
Am Tub pf new.lOlij 10PS 101 101
Am Wool,.n ... .1111 117'.' 115', 115'7'
Am Woolen pf . . HIX lOS.'i 108 i UM.'i
Am Writ I' pf .. 17), 47'4' 47,'f 47.'
Am Zlnu U & .S.. 23 22'i 22b 22,' 1
Am 7. , &. s pf . . ,TI 01 01 01
Anaconda Copper. 72.'i 72,'s 72 72Ji
Assets lleallza .. 2
Asm, Dry tloods.. 53 53 o2)( 52)
Ateh Top & S K.. Dil'i OO'f 00 4 01)
Atch T & S K pf s.i 87"; 87 87'
AtHJulf & V 1 . .17U',17l)j 177 17S'i
HaldHln lxco . . . llWjIOO.'i lO.i'j 101
Il.ildv.ln lico pf 11(1
Ualtlmore & Ohio 517,- 52 5IJ4 .11. '4 ' Westlntc K & M
""'" 'Jnio in . .Hi ..li o.i'j Ji'i.'S iWeHlern radio
llatopllas Mlnlnsr . 1'2 I u-him m
Ileth S Cla.s H . ss", V)'J 87.'' S7.'i I M,ii m ,
lleth Steel v: pMlHi lll'.lll'i lll'i Wilson r.y
Prevlou ,.,...
close HUh Tiw Hose
Southern I'ncinc .107 107 lOO'l inn'.
Southern Itwy ... 20 30 2!)!i 20U
Southern 11 pf ..TOJf CS)t "'S 09
Strom Carburetor. 07! 67ii tuli bii
Studebnker Co ...1 7 10S 103i 100X
Studelmlier Co pf . 100 100 100 100
Stutt Motor 74 73 72 72
Superior Steel . . . WU 5()i AtH 45H
Tcnn Cop & Chem. 13H 13,'i 13' J 13U
Texns Co 2701 j 277H 271 277
Tex Co null r f p.:78
Tcxna & Pacific . MJf C-tU 59U Cl'i
Tex I'nc Land T.450
Third 'Avenue ... 25 24X 24M 24'i
Tobacco 1'rod ...107,' 10UH Hloii 1(W
Tob Prod rta .... 17j WH 17 lHls
Tob Prod pf 115H llflii 115 115
I'nlon Pacific ....133JJ 131 133H 133?i
Pnlon Pacific pf.. 73i 73. 72)5 72'S
t'nlteil Alloy .St . 53 52f 52M B2'
United Clciir S ..105 105V4 102 ir.4!i
I'nltcd PniB ....124 124" 124 i2
fn DrtiB 2d pf ..124 124 121 124
Pnlted Fruit 1R0 180H ISO 18"
fn ltys Invest ... 1.T.J 14Ji 13st' li
I'll ItH Invest pf. .2 U 30 2S4 -i
V S Cast I V & F. 35 30!5 35! 1 35 i
1; S C 1 P & F pr. 04 04j 04! i M!i
C S Food Prod .. 80J 82!$ 8OJ1 H.U
V S Ind Alcohol ,152?i 150W 152 152'4'
I' S II & I Co .. 47 47!i 40 40
V S Ituliber 120 128 12 J 120!4-
f S Hub 1st pf .115 llfl'5 I l.ili 1 1 5! 2
P S,Sm lief & -M. m( G7',i 00'j 0(i!j
U S Steel 10711 10SJ. U7 10. ?i
V S Steel pf U0H llOJf 110!' HO!
ftah Copper 88H SSH 8"!i ss
Va-l'aro Chem.. .. 845g 85 82 !-3!t
Vn-Caro Chem pf. 115 114! 114,'j lU!j
Vn Iron Com & c. 0S!J (58 OS OS
Wabash 10!i 10'. 1(1' j 10'i
35 3J
::.D.
.1!' i
22 !i
2!)4' 2H4 20
'i.s
it
33
13' !
28'.
10','
.15' i
nn
15', 35 'i
)! 70! i
102
iioom f isneries . L'3i
Ilrook Itap Tran . 2!).'i
Hr It T cfa of dep 2.V4
Uutterlck 'o 35
llutte Cop Ac Cine. 13'5
Ilutte & Super. or. 2Mj
Caddo Cen o . It. -pi,
Cal PaekinK (U.'i
Cal Petroleum . . . 30
Cal Petroleum if. 7!l
Calumet & Ariz . 08
Canadian P.ic ...lOI'j 102 102
Case. (J 1) o pf lOO; ,
Central Fclry 2l'i 23 23-8 23'j
Central Filry pf 5il'; 51 50 .,()
Cen Leather Co p 5'j 107s4 lOt.'ilOo
Cer-T P 1st. pr . M',
Cerro de Pasco c ."il'4 53' 4 52 54'j
Chandler Motor 2I'7 213'; U07 Jl.'l'i
Ches & Ohio . I'i.V, b5t 05!j 05',
Chi Mil & St P l.i'j 43 j 43' i 43'4
Chi Mil & St p pf. 7u
Chi & Nivrn .. ..101'i ltll.'i 101 101!.'
Chi It I .1 Pacific 27'i 2Slii 27?t' 27'i
Chi II 1 & 1' 7', pf 7.'i
Chi K I&P br: pf Oli', 051, 035i 05ii
Chllo Copper 2b'i 2'i'a 25'i 2.1! i
Chlno Copper . . 40 Hi!, 4.1 45'4'
Colo Fuel & Iron. 4s4 .I8',' 48 48
Colo Southern . . . :8i LSI, 28'j 28)i
Col Cias & Klec .. :.'); 50:; 57', 5S),
Consol Gas 10l)!l()ll'i lOO.',' 100),
Consol Int Cal M. 14!, 1 i 14,'i 14!i
( ontlnental (an . (I71-,
Corn Prod ltef . . 71'i
Corn Prod ltef pf.lOSH
Crucible Steel . . . 1)4!,
Cuba, Cane Sui,rar. 35j
Culm C S pf .... 8 1) 2 85
Del & Hudson . . .Ill ...
Iel Lack & tVes.200 200
Deiucr & Hlo Or. 7!
Den & Hlo Or pf. Iff ll'j 10'tj Ills
Dome Mines 13',' 13'. 13'i 13'
Elk Horn Coal ... 37!i 37!4' 37 37','
Krie 18?, 1SJ, ISM 18),
Erie 1st pf .'sUf 2!)'i 29'i 29!$
Fam Players-L . . ll-l'i 113 112.'i 112H
Fed Mln & Smelt. KlJi
Fisher Dody 88 !I0 00 '.)()
Fisher Bodv pf . . Ofl'f !)0!i 110'i 00!;
Oaston Wm & W. 30;i 30! j 35! i 30! j
lieneral Cipar . . . S-l 84 81 82K
Ceneral Motors .2321, 240' 5 220H240V,
(.loud (13 P) Co . 7S, 7'.)4' 7S, 70),
'it Northern pf . '.7!, 077i 07, '.)7!ii
lit .V C for O P.. -li.'i
tirene-Can Cop 434
Haskell & Barker. OJ.'j
lnsp ration Cop . GO'j
Wabash pf A 3W
Wells Fnreo Ex . 08W
Western .Md .' 13 13 13 13
Western Cn Tel . 00!j 8U!i 8'H, 8'.f
WestiiiK A II I24J1 124 123'i 123',
. ri7 57!i ."0'i .iH
22!f 23 23 23
'. Til), 11?, 11 1
. 57 57 504 on!,'
Hi W Ui I.'n
97)5 98 05 95! i
30lf 304 35! 2 35',
04 97 97 97
120?i .-
79fi 70! j 75 75
Is
Willys-Overland
Willys-Over pf .
Wool (F W) Co
WotthliiKton P .
2.) J
33 33
13 13
27'-i '27! lx illL-Min,1Hn.i. 1ntnw inr 14; M.in-
40', 4(i' Rattan Hhlrt Comoany iireterre.l. . Amerl-
..,,.. .. . .-..-, , i iii i ti i ii-u 1 1 ii rii i nni i numii'ii . v mv i 11 iiii
lill.'l li,", !?. Agricultural anil ChemfcHl nnferretl. W . and
Southern Itallwny preferred, l"a .
97' ,
T7.
00
00
70H
11.1! 4 02)z 93
35'-, 345, 35
81',' S5
200 200
Philadelphia Stocks
Net
High linvr Close chne
HO Am I.oc. 8(1 80 802
J00 Com I'r. 7(1', 70V4 7U'1
100 tr de T. 52 52 52l
20 Cen I.ea.10.1 10.1 10.-. Vi
3120 Klec Htor 88 V4 S(iy, 87U
725 Cen Anph 74ij 73 74 1
505 do pref.112 110 112 5VJ
25 1 (' X A. 32a v.".2 324-
4315 I.k H Cor 20.yi 11) 2Hi
3S I.eh Xnv OS'j (i,8 08j..
20 I.eh Vol. 51 51 04 ..
200 I,eh Val
Tr pf.. 2(1 20 20 ..
13 I, Schuyl 40 H 40Vi -10'A..
25!) I'n K H. -mi -10 Kt
22 I'a Halt.. 81 81 81-74 ',
10 I'hiln Co I
cum pf. 35 35 35..
8211 l'hil Klec 25 25 25..
(iOl V It T to 20 Vi 20 20 . .
100 Itoy Hut
N Y...113. 113A 113
100 Ton Mln. 3 3 3..
15 Un Tract 311 31) 30 ..
27 V (i I... 00 (10 (!!)
1(!0 U S HtLlO-iJi 107 Vi 107Vi
25 York Ity ()ia V...
Net
Close clute.
85
' lltlNDS
.., . Hlith Iiw
?3.(00 Am (las
& 111 5s 85 S4
2000 Itnlil I.oc
1st 5s.. 100 100 100
1000 City 4s
1030... 00
1000 Ml & lc
Tr 4s.. 70
14000 Key Tele
1st 5k.. 00
5000 I,eh Val
I Ren Is.. 78
7000 l.ih Hon
00 1)0
70 70
80 00
78 78
J
r
Olid
-M
40(10 IVrum Co
I'dH... U7 J)5 !W2
1000 Phil Klec
1st 4s.. 75 75 75 . .
4000 1st 5s.. imi WJ DG-i-
DIVIDENDS DECLARED
Areu; York Bonds
S.iIph In
$1000
Wl AiiRlo-Fr 5s
12 Am T & T 5s
11 do IN
1 It & O 5s . . .
1 do vv 4,,As .
5 liordruux 0s .
C'hlrapo Orp.it Western Railroad, regular
Pfmlatmunl of 1 per cent on preferred, pay
rMp July ITt out of Rurplun Income acoumu
latlnnn Hlnc July 1, 11H4, to stock of record
July 1. lll.
JolIM and Chlcflpo Railroad Pompany.
quarterly of H per rrnt. nyable July 7 to
stork of record Juno 2.r).
Railroad Securities Company, semiannual
of 'J tpr cnt on 4 per rnt stork truitt crr
tincatea. Stolen A. payable July 1 to stock
of record June 30.
Trumbull teel Company, quarterly of
'J per cnt on the common stock and 1 i
pr cnt on the preferred stork,
Pennsylvania Salt Manufacturing Com
pany quarterly of 2H Pr cent, payable
July ITi as registered June 30. Rooks will
not close.
Mitnorl nf Ktl rnmnanv. oiKirterlv nf 7.tfi
T fn.i ,,f Ka ih'M iiv'l' vi nu.T' 'on common siock, Ntyuiuo auhuil i io iuimi
i K ail (iOV 5s Jjt.tl !S-ls MS ilX-Vs (,rs JuIy ir,( RM rP1CUar nuartorlv of $2
li Chile Us MiM'y Jtli11 i2V ' f,n th first and second preferred, payable
LAKE SUPERIOR MAKES WIDE .
GAIN ON LOCAL EXCHANGE
Advances 1 Point and Is Active Leader General Asphalt Pre
ferred Rises More Than 5 Points i
interest in today's stock trading on the Philadelphia cxchnn&e wns largely
devoted to Lake Superior Corporation, Klectric Storage llnttcry nnd both Gen
eral Asphalt common nnd preferred. Nearly nil changes in price's were to
iiigner levels before iniddnr and the mnrkof lone won milio Kniiidi .inn tn h.
e to
the-
prospects of nn enriy pence settlement with Ocrmnny nnd the response mod
JMiropenn news by Issues on the big board and the later announcement of
l.crninns decision to sign mused little rhnnge.
i'RKC ritinerior U-nu Inni-it n.rl..n t.n.. ....!.! -1 - .1. iti . .. . .
. "" "- limn inij Lituif; i-iKi- un me usi, aim on a
ui ,"rn,?vpr ,,ian ll ns shown for n long time It ndvnnced 1 point to 20
m. 1 1 R .' ,,"1"t,0,1 nt tllp (,ni1' At t'"1 Knmetlmc Storage llnttcry wns marked
up siiDstnntinlly to S.S14 011 n fair amount of business and both rlnsses of General
Asplmlt stock scored sensational advances. The preferred jumped 5 points
," r. , ". C0l'"'i'H' to 74. After the wide bulge for Storage llnttcry,
prolit-tnking sent it downward for n moderate reaction from the top.
1 "'"""t'lrkH were dealt In sparingly, with Philadelphia Klectrlc nnd Penn
sylvania" Ha Iroad atlvnncing frnctionnlly, while Hnpid Trnnsit trust certificates,
ionopnli ."Mining, Philadelphia Company ciimulntlvc preferred, I.ehigh Valley
find Union Traction all enmc out unchanged. Cnitcd (las Improvement, on a
1 ih M"V1,e,r' 'vlr,,1,(1 ' Npnr th(1 r,osc v- " T' '" more than its gain
nnd Phllndelphift Klcctric wns unchanged.
Steel common was slow appearing and was lower.
Philadelphia Send New York Gold
Gold coin in the nmotint of .$20, -000,000
was recently shipped from the
Philadelphia Mint to the New York
Subtreasury to meet the present demand
for export. Itecent shipments of the
metnl to South America hnd virtually
depleted the Subtrensury's supply of
gold coin. Owing to the annual audit
ing nnd accounting now going on at
the Assay Office this Institution will
not be selling nny gold burs for export
purposes until after .Tuly 1.
FOREIGN METAL MARKETS
New York. Juno M Oolite ndvlcon rp
relviMl nt th; New York Metnl Kxclmnx" till,
mornlnir quDle nrlec-s In 1in.lnn thl morn n
Tin Si-it I".11l Ills oft .1 .-,.,; futures C-'srt'
nit .1; strait!.. VUC Ills, oft t" ln .Vie,
pot. llWl unci future. ;j)o tons. Stnnilnrii
ronper Spot Sll 111,, un 2ll; futures. ST
10s. up ns, sales spot. -Mil) tons. i:iprtroMle
copper Kpnt. S. futures ft)2. 1,0th 1111.
rhunsecl I,il Spot. V22 10s- futures t12
in. hoth .lnwr As .Spelter Spot 37' His
up r.s: futuies. .17 Lis. unchsnicirt.
ltlch Low 2-r.O
. 07'., 07 07A
. 01 01 01 j
.io.",", io:'vm io:::!,
, .MI's M)',, Sfll.C, I
. 7S 7S 7S
, !)'.'. OO'j. !)!)',. I
10 Chile Copper 7s. 121 's 121 121
7 Ches & Oh cv ."is SO1. SO'. MH.
i" do cv -I'.s s:ii, s:t k
2('IU(iii !i.-i's or.Ts o."it;
1CM & St P ifd
4(.s 00 V. 5!)',. fiOVj
.' Con Cns cv (',i..lli:'. " Kl.'l " 0.1
.'I Krie cv 4s Ser 1! IT'-'. 47V. 47,
1 Tnt Met 4'js... 4l)i, 40' 40 14
42 Int Mer Mnr ."is '.isa; DS OS
17.". Lib Knurl ,1i.s. 00.40 01).:i0 (lO.JiO
70 do conv 4s... 04.00 O.'l.OO OIl.JIO
20 do 1st 4s It.". 40 O.'i.OO ll."i. 40
nr.i do 4','is !).-..:) o."..io on. 14
."() do 1st 4Vis .. ll.-i.4S !),".40 0.-..40
Company
sot t S?h 4&. :SS Convertible Gold Debentures
BAR SILVER
New York bar silver dealers refused
to give out quotations, claiming the
London cable was wrong.
To Holders of
Cities Service
'4
"ii'-i
no
48
IIW
S7
r.n
(10
7
. 1 Interboro Consol
I lilt Consol pf . .
Inter Agricul .
I Inter Agricul pf
'. '. 1 Inter Harv n-w
! Inter Mer Mnr
I Inter Mer M pf
Inter Nickel . . .
" 1 Inter Taper . . .
I Iowa Central . .
, Jewel Tea
1 T.,,r , 'It . J,.itt h
...... .... .-v....
2W'j
47 40x t(i
i;is; 4u -tJi'i-
02 (1 15-,' fi'.
(il).j 5tlH 11(1
Vi 7M 7'i
2Mj 27?i 27;
27 28 vu 1 2d
s.j srt Msi s-ti
144'i 144 142 11.1
.iii'; :mu -io -io1
ll.s'4 110 110 110,'i
.'ll'j .12:1' 'Mil 32'4
;c so'i r,5i, so;.
fi Lyons (U l!)ij )U, w.)!,
107 Vic Notes 4-. 100.00 OOdld illl.OS
121 do :i-is ...100.02 100.00 lOO.OO
5 Marseilles lis . . !l!)tA !)!i, pi)i.',
2 Midvnle .r,s 00'74 D()i 00
4 Mo Pne gen 4s. . '(J 02','. (!2'a
10 X V C & II (Is. !IO:,'i '.Ml')! 110
.". N Y C 4ios (M) 07', 07' 07
1 X Y Itwy 4s... ,40 40 4(1
7 NYWC& 15 4'a..s .".((I. .".Oli ,-()"4i
'-' Xor vt W cvt (ts.lOSi iost; K)S
.'! Xor Pac !!. (id 0(1 Oil
4 lVnna gen 4..s.. bU. Mil.. SOU.
li do en 4'is 0."ij
."1 do dVos 11)21.. OSVs
12 do T.s 'OS
2 St L & S V
10 do in w i.
0 South Pac cv 4s. S,"'
2 do cv fis
l' Third Ave 4s..
Series B, Seven Per Cent.
'',
OS
."It
HoMers of the nhove Debentures will lie
permitted to conert, on ami after July 1st,
H1, Ten l'er Centum (10) of the nrRre
RHte principal nmount of Merles II lehen
tutes owne.l hy them respectively on June 1st.
lain. Conversion mnv he requested liv sueh
hoMers nt nny dale ntter July 1st, 1010. anil
upon delivery by them of the Debentures so
ileslred to be converte.1 (properly emtorsed,
If registered) to Messrs. Henry I.. Doherty
& Company, Fiscal Apents, such Debentures
wilt be converted Into Cities Service. Company
Preferred nnd Common Stocks on the basis
set forth In sueh Debentures, certificates for
which stock will lie Issued ami transmitted
In sueh owners In the iimntmts resneetlvelv
0."il,-j OriVj j 1ue. Similar prlvllep;en of partial comerslon
tic nil . were extended to holders of Debentures of
... IJ1U. m.UM.I ,. 4.l. UU..U..I J ., . .' W.
Febiuary 1. HUH, April 1, 101U. and May 1,
1010.
0.VI.
OS
O.Vis
OS
S.V s,:is
.107'i 1()7. 107'.
ritl'i ."(!' ."(!',..
It securely sealed and mirked ' ProposAl for
I. ale of bonds to Slnklnir Fund under Inden
ts Mure of Kmpire Reilnlnir Company, dated
tenruary ibi. un. mum r ror nil or an
iu " u,c .1.11., '"i.'tn. hiiu inusi ds re.
that weakness nppeured
This was true of both tin
el
ir...i r k .h- Tr,,.,.., ;... .;r: "T. " "" """ ll"
o'clock p. m. on June 24th. 1910. '"and rail lists. Taking of profits went
A?.VC orVforX'!,'. 5ffh"pl,n,,Bwii!. ..b ''a"'' i" "! "ith simultaneous short
j. - -. . ..,., ur lue
lIU.ICCi
tune Ohio . . .
where ' r'irl- '"ll"'
industrial s o .v J .'.'
iMii'.r
.72.1
.371)
l!
1s
:i7.'.
2117
270
73o
.17.",
Coupons aue Auirust 1st. 1019. should
5 be detnehed from the necepted bonds and
presented In the uual manner at the oftlee
or as-ency of the Company. Bu Wall Street
c New York City. oitmi.
Dated June 10th. 1019.
EHi'inr. nrriNiNo compwv
Ily FRANK W. mriiVt-FF.
Vice Pruldent.
NOTICE TO linvilllfll nrnii
HEDKMI'TIOX OF HKnTJIIIKKLlVn
selling and covering, and the result was'J.Cnwel.lth a".
u good deal of churning which took the cnsden Co ...
list nowhere in paiticular. "wier"""! .'.'.'.'.'.
Kxcept for the all engrossing topic KumoV nn'. . .' ! .'.'
01 pcui-i. no one pnm niiicn atieiitiou to .Merrltt on
11..WS deei.loiiiiii.nru I'ull ,...,..,. ,.l...l Midwest HellnlnB
' " .' ."- i,.)
:ndi:nt oil, stocks
-v ;
. oh; Hr,
. 11 ii'
. oi 10
. 3S 3Vj
. l".l Sil'4
.1211 12,1
JM'i
.14'; -m 37 GO
22 2:1.4 23W 2:i:i
i Knysvr (J) & Co lin,
17 I U'elU- Ui.rlm' Tire IOC 1 "U lO'll 1111'
l-Ccnni-cott ('nn ... :i; ;i!l'i "inii; 5i; !
','Ji Keystone T & It . ll).'t!jl()lj 102U 104
'- I-ick Steel M'j S4'i S4's SI1
14 iav uui) A: Tire . a.( .ii'i :j.j .iJ.'i
w .11 51 nt
70' j W 77 77
l!l(l
fc72 877i 87T' 87Ji
3(1) j 3(li 30W 30!3
4Sj; 4Ui -19 49
7,'2 7Mi 77i 7S
3! I 3915 39 39
,., .uuy it-iL niiiieu. 111.1 lu.l llll lui; j
1S3 183
7 I' S Steel .Is 101 100U, 101
1 I'liion Pac 0s...l(Hix 104 104Vs
0 r k of c 11 & 1
."iV-jS new 1010 !'0;Ki OO'li 00:'4
," do .rV4s 1021.. !!Sj OSiS DSlj
et Petrol
renewal Sapulpa ltef
lit l! anil li1-. ner cent, the
rates. The outlook for easier money, tit sfneiair'1'.
Island . .
, t.lenroi k
least until the old jear maturities wer
met. hore little promise.
Notice Is hereby Blven-hat llie second 123 I ." ",'""'K approaclled. tradniK ills 1 ed . . .
fconfls of the Is.ue of H'estmoreUnd County "oemi-d t" I11111K tile. The hour cume ,''""."n f il""1"'
Fundlns Ilonds and binc numbered ....... 1 t ...:.i. ... . .. llutte New ork
utlvtly from 12a to 2.10 inclusive, each of . . ",,",l"u "nunci-:neilt IIUlli;on AHuma
lhll
3;
8
.V.IH
8'i
'
.MINIMI STOCKS
&xSr$Z?rii&?r!Tx&lTv ",!"": ,. I "" ,''n,y-",n" ,l'-t""ll- First SaJ.rnal V. .V.
J pore of fundlns Its ttoatlni? Indebtedness and k,'n I'1'"'1'' althoiidi ofhcial stuteiiients Ooldn.-ld Memer
sssj?. iiiTram ru'Tjr.M r1 ,'"1,,u';1 trT ""- Vm,vh v 'ul ' py$::-.
I ofTlce of the County Treasurer of said West! n""'' 'l fr011l Downing Street that the 1 "oblneKi kewanas . .
K'tSSifc ,hu;orph,n!;0fj,'n,,lm,f"r.nl'1 '".;"". tihh ; p r ;:::.::
J the same by the holders thereof on th! l.tl M,rt "' thlllB contlllllei th roll eh the hist I ',' h'.und ,;
f" ."J. HSX-AlS- "1'" I- hour, and the e.ssio drew ", ,. e I "''vES. ' .
IS
l
r 1
HRHKRT H. POTD.
CEO W DERD
. U, D REASIEn.
Commissioners of Westmoreland County
areensburr. Pa . May 27. loie
East Coast Fisheries Co.
11m llnller
Jumlio Extension . . .
MeKlnley Dnrrauh . . .
Maama Cupper
Mother Iide .......
Mines Co nf America
Nevada Illlls
Nevada Wonder . . . .
NlpplsslnK
Ohio Copper
As whs the e.-ise ultl, H... ,...! Hay Herculen
. . "v "." u iiuir- ' San To
Ket. ho it was with cotton, irriiiii nn.l I Tonopah Kxtenslun ..
I without un opportunity to relic, t the
I linnl act in the great war.
There was .some quickening in tiusi-
,nes in the last five or ten minutes, due
apparently to a desire to clear up the
I odd.s and ends of accounts against
Ini'iiinwt f,.iii..e. ...'.. ..... ..:t.:it.:. . '
--- v ....,,, ,t jfi,s.-.iuiiu les.
7 Wall Street, New York
. June 13. 1011).
in sir i,.i ii rM ti . ,, -i !,..,. 1. .. .. tn
Th. Hoard of Directors of tht, cm. "". h" ,J'""ges. .111 were under the
with cotton, grain and I Tonopah Kxten
West linil Con
!hl".2f',are'1 '. r'E"ar nunrteriv dividend I "1"'" of waiting nnd more or less heavv
3WV. Vtf. tto",..or..rkno.ae?. ecordne I St"r," "nS '""'t"1 nt W. Vf
w, ii. u cent oown; irancs at ii.43 francs tn
the dollar, (1 centimes lower, while lire
firmed n point or so, the prevailing rate
being in the neighborhood of S.00 lire
to the dollar. The neutrals were ruther
easier.
MAItK M NORM.W-, Treasurer.
miLADf-Al'IMA 4 H-KSTKKN RAILWW
COMPANY "-Al
1411 Clieitnut Street, rlilla.. I'a.
Tt) Board of Directors hasethl' dai'd.
elared a quarterly dividend of one and'onel
quarter per rent (tyri), on the preferred
stork of this Company, payable July IS
10JB. to stockholder, of record on the book.
of the Company at the clo.e of business j2K
80. 1010. Checki will be mailed. Jun
QERAliD HOLSMAN. Trea.urer.
AMKRICAN rOWEB A I.IC.HT CO
71 Itroadear. New York. A' v'
PnEFKRIlEU STOCK DIVIDEND NO la
TBo rerulir quarterly dividend of lit-
the Preferred Stock of th Am.i,;,?.' on
,1 IJcht Company has been declared, pjyabi.
Woljr 1. IB 10, to preferred st.wkholdef. if
record i me ciose 01 uusiness June 2s linu
WIU.IAM BniSBr.. Tfe.urer. '
U-
Proposals
OOVEHN5IKNT SALE OF CANNKD VUO.
KTAIIIJUI In largo ouantltles. Sealed bids
Will bo opened t p. in. Juno SO, 111 111, on
..'! quanrilica iuckicu hi various points. Par
. 1 ctcuiKre. iui ui auiiiiv iBii ue oouilaed
Hit it Zona Supply Offices: Boston. New York.
: l'nilaae.-pnia. iiaiumore, r.uvport Mews. At.
.1.1 j Un ta. Chlcaro,- 8t Louis. New Orleans. Ft.
?nem iiHUBuiu, F.1 mt, vriuaiiK, oaa jrrajl-
New Delaware Corporations
Dover, Del., June li'!. Charier
were tiled here today ns follows: The
Lake Krie Holt uud N'ut Company, au
thorized capital, ifl'T.riOO.OOO ; to manu
facture Iron, steel, etc. ; Standard Sup
ply and Kiiuipment Company, author
ized capital, f!,. 100,000, to manufac
ture iron, steel, etc.; Midland IVtrol
eum Company, authorized capital, Sii,
500,000, to produce, repair, store and
market petroleum, etc., S. H. Howard,
Itobert K. Thistle, l'hillip U. Xeiser.
all of New York, inwiiariitarH, and the
Conservative uu and Kellnlug Com
While Caps
yerintfion
H
SO
i
I'
4
mi
4
3
M
10
n-j
3d
4 'j
14
3
Or
41
IS
n
4
lh
.Vi',
K'i
OS
4"4
1
4'T
11'.
in
,1'i
311 ,
l.'l)
JS",
Ue Hub & Tire
Lehigh Valley . .
Loom-Wiles 131s
Lorlllard (I) Co
Manhat Klovated
; Manhattan rthlrt
'Maxwell Motors.
, Max M 1st pr . .
I Max M 2d pf . .
May Dept Stores. l().i lO.i
Mexican Petrol ..lsfi'i KSS
tate bonds in demand
77
mi
20H
50
3S
50
as
Cs
:t3h
50?;
liii
:u
34 a:i
11 11
c...
3S
4Z
' I' '.'
IIS 11
k
u
,3 .
ua
J5U
:ti-
00 22
iU7Ji 1117;;
Vi 5Si
I!lhl.hem 7s
Cosden till da
Cosden H Co Ha . .
Cudahy 7s
ItusHlan rlovt r. ias .
Husslan Oov t 5S s .
Southern llalliay ns
IIONDS
io'j; iol'
UK 11)3
IIS 111.1
HI2V4 103
4s rc
.'..', 111!
119 UUS
BUTTER, EGGS AND CHEESE
NewS'ork. Juno SS IIUTTBR Steady to
firm Receipts. ll.H'JO tutis. Hlifh sinrlnu.
SSOS3Vic. extras SH4c; firsts, 3'i'4 W.ll V, c;
seconds. 17H 4flc; state dairy IU4 f ftic.
F.dUS Firm. Hrrelnts l.'i,K07 caa.s
Fresh 1,-athered extras, fit 6S1U c. storast
parked extra firsts. 4fHc; storaae uacked
flrsts 474 4SVic: aathered extra firsts.
47ViS4nc flrsts, 4."iW57c: seconds, a7$)44r;
dirties. No, I. 2sfat)c; No. 2. 3IIW37C
checks 3IIW37C. state and nearby hennery
whites. ntlfflll3c: asthered whites, 47lShe.
western whites 47JTi"C. ueitern and south
ern lathered whites. 4rr.7c. state and near,
by hennery browns. 32wfi4c, gathered brown
and mixed prlo. 4.'.40c. '
CHnF.SK Steady. Receipts. 3422 boxes.
Flat current make colored averaae run. SOtfr
SDVir, colored specials. 3OS031Hc; white
pedals. S(lS31Vic.
No Change for Refined Sugars
New York. June 2.1. Itefined HUitars
pnny, nuthorized capital, $2,WM),000, to wpre unchanged" nt fle, less 2 per cent
Miami Copper ... 27Ji 2S
Midvale atoel ... .ri'J, W,
Minn & Ht L rjew. IS lsj,
Montana l'owe'r . . 78 77
17,7,? Mo Kan oi Texas. 10 WH
haj Mo Kan & Tex pf. PJIJ W) ,
Mo Pacific X'i .'):.';
pSl. Mo 1'aciilc pf ... 56', 5(!
8i National Acme .. oS'j 3SJj
S 1 National Biscuit. 131',
I Nat Con & Cable. 2IIJ, 22 20H 211,'
S 1 Nat Knam & S .. 801 a S0?i 70H 7J!4
I National Leau .. Tll, ,m, 7hUi 7!,'
Nat cloak & Suit
Nevada Con Cop . 1!) 1I, 19W
New (Jr Tex & il . ;)S 3S 3S 3S
N Y Air Drake .121 12UJf 120i 120f
N V Central SO'i 1 SDK M).'
N y dock 31 ai;i
N V Dock pf ... Mi 52!i
X L X H & II ... Slii .11
N Y Ont & Wes . . 22 22
Nor A Western ..IPS', 108
North American . 'l,i 5S1:
Northern l'aclflo . H7 !)7.'t
Nova Sco S & C. M!i 87
Ohio Cities CJas . 5S 58j
Ohio Fuel Supply. 5(i;,' ...
Ulila I'rod & Iter. Ulj ll!i
Ontario Mlnlne Mi 8
Owens Bottle .... 5SJi fi'J
racldc Mall .' an
ran Am l'et & T. 90
Penn Seab Steel . 3GJj
P'enn Railroad . . 40J5
People's Ons Clit. 5'.'
l'vorla & Eastern. 13
I'ero Marquette . 23lj
I'ere Mar prior pf. OO.'j 07 07
Philadelphia Co . . 3S,'j 39f 39
IMerce-Arrow .... 02 03 005f
l'lerce Oil ....... 2t)j 24i 2315
Pitts Coal 03Jj 03 03
Pitts Coal pf UHJ, 93 03
Pitts & W Va ... 4fi il; 4011
Pitts & W Vu pf. H-ti fm 84H MM
Pond Creek Coal. 18ti lSli 18?i 18!,'
Pressed Steel Car. MJi SO.'i S5 85
Pullman Co l'.M J29 129 129
Big Issue Brings 103.565, All Going
to One Syndicate
One syndicate was today awarded the
entire issue of state of Pennsylvania
S1 2,000,000 4', per cent serial bonds,
when bids were opened in Ilarrlsburi;.
The successful bidder's offer was
27J 271 ' Hm.iiU-J. which places tne bonds 011 11
51H 52 j little better than a :i.!l," basis. It is
18? 18.' 2 1 probable that 11 public offeiitiK of the
" issue will be made tomorrow.
';! I There was a hirc deiniiud for the
33jjlbonds, which were lonsidercd exception
ally ue.sirauie, nuiiij 01 tne leaning uonil
houses of the couiitrj heinj; tiuinni; the
bidders. This was the first Mile of a
Henry L. Doherty & Co.
Fiscal AKente Cities Service Co.,
CO Wall Street, New York City.
Dated. June 18, 1010.
SUCCESSFUL PHILADELPHIA
ENTERPR1SES
Abbotts Alderney Dairies, Inc.
7 First Pref.
American Stores Company
7 First Pref.
Edward G. Budd Mfg. Co.
8 Pref.
Information on Request
NAULTY & COMPANY
INVESTMENT BANKERS
Philadelphia
4T
no
UUVi
Pennsylvania state i.x-uc in many years.
The successful hiililinir uviulicnt.. i
.SOlj 80Jj 80Jj StiM ' coiihiohp1 of the Liberty National Hank,
1!) 19 19W lUJj I Piddle & Henrj, rrazier & Co., Hal-
sey, Stuart 0; ( o.. and Holmes, lluck-
ley, nrurop iV ( o.
!)7
Hi
11
8
59
075,
84
57i
"i'm
8
593
97Ji 05i US',
tCM 40V, 4fllf
52
521
135, 13
O'll.' volt
develop oil and gas lands, W. J. South
well, D. II. Duryca, K. Isenberg, nil
of Minneaiiolis, Minn., Incorporators.
for cash. Raws are also unchanged at
7,2ftc. The United States Equalization
Board made no purchases on Saturday,
oj
13
22!i
07
30
OHi
24
fi3
03
41!,'
LOCAL BANK REPORT
Loans and Individual Deposits Drop.
Reserves Higher
The uverase condition of members of
the Philadelphia ClearitiK House Asso
ciation for the week preceding Mondaj,
June 211, 1010. is shown in the weekly
statement, with comparisons, as fol
lows :
ALL MILMHBHS
June i,1, mm Inereaae.
Loans .:jll,737.l)IIU $I8,81S,ailo
Exchanges Xlearlnc
House 2.1.. '.33. 000
Juo trom banks.. 11 2, .11 '.'.000
Hank iteposlta . .. 145.77.1.U0II
Individual depoflts 503 11.17. 1100
Time deposits . . .1.J57.O0O
lies, with K. R. II
and leual deiiohl-
taries .'..I.Oilt.000
Cash In vaults H.NiL'.ooo
Total reserve held. .1.1.11.11, onu
rteservo required... r.L'.llltl 000
Excess reserve 3.72.1.1100
VKMIIKKS ItESEflVK .SYSTEM
lleserve held .. . B2,n7H,uon 1.1SR.0O0
I Excess reserve . 2.7i'2,onii 2.41.goo
TIIUHT tun. ni'T JIBM. UEH. HVSTBM
We Will Buy
International Great
Northern 5 Notes,
1914, Defaulted
Hanson & Hanson
I'nllslrd SrciiritiM.
74 B'way, N. Y. Tel. Rector 2721
SPECIAL RATES
AUDITS SYSTEMS
TAX SERVICE INVESTIGATIONS
IIY ('(IMI'HTKNT ACCOUNTANTS
IIOX A 310. i.i:i)(ii:it OFFICE
LIBERTY BONDS
I10UGHT and SOLD
Anr T)?nnmlnntinns
Samuel K. Phillips & Co.
BUT CHESTNUT STUKKT
Memliers Philadelphia. Stork Kxrhanes
riNANCiAr.
1.2.1l.oaft
2,-11111.(100
.1.7K.1,0(III
5.1137.00(1
12,000
7.10.000
31 H, 1100
7.11,0011
1.1SS100
..iino.uuu
tT.nt-1 ilecre Sus Vi fi'li lu col- I "easrvo neia .. . J.MH.OOO "434.000
lonl.1 Alegre bus. ., i.j (.j5 Wh Excess reserve .. 1.003.0(10 . 327 0011
Ity Steel Spring . O.'Ji UL'lf 02JJ 02Ji In addition to the deposits above there
ltay Consol Cop. 24U 24Jj 4 24 were this week 45.3S3,(ioo Buverninent de-
Heading hili Ss!, 87 Wj IHi.aMmst which no reserve I. required.
,,'ru,'v . -- . "' !'- tina
Hepublle 1 & S pMOl'J, l(H)i 104H 104JJ
Itep Motor Truck. SWi 5(1 55)j x0;j
Iloyul D A shares. 11 Hi 115K 113K 114)5
lloy r.N Y aharea.lHX no ijsjj jj.
St Joseph Lead . . 14 13Ji 13!i VMl
St L-San Fran .. 21 2.'i 21H 22K
St L-San Fran pf. 3Ui 3IH 31H 3UJ
Saxon Motor . ... llh UK 10H 10i
Seaboard Air L,.. 10 10 10 10
Shattuck-Arlz ... 14J
Slnc.lalr.Olt ltef . . 03J. OOi 02H C3)i
Sloss-Sheft S & I. C8W 0'J 07 07M
sioss-sh s & i pr. ;o(
More Gold for South America
New York, June 2.'1, Oold roin to
the amount of $.100,000 has been with
drawn from the subtreasury for ship
ment to South America.
GOVERNMENT BON 13
. .... nid
ranamt coupon is, iimii .
Panama reilstered 2s. 1030.
Dun.mn efl'JtlOll 2S. 103H ...
Panama registered 2s. 1038
Panama caupon 3s, toot,,.
. so
Asic
90 '4
S3
hapi ISSIIK OF IIONDS OF TIIK St'HOOI. I
U& IIISTKICT OF TIIK TOWNSHIP OF
IEADNOK. 1KIWAKK COUNTY. I'A.
Healed bids are hereby Invited for JOO.OOI)
coupon bonds, reglsterable aa to principal at i
the option oi me noiarr. ro oe issued uy me '
School DlBtrlct of the Township of Radnor,
Delaware County, Pennsylvania, said bonds
tn he of a denomination of S1000. bcartniri
interest at the rate of four and one-half per
cent per annum, payable semi-annually on
the first days of June and Decemlier, free of
taxes except Succession or Inheritance
taxes); bonds to bear date June 2. 1010, to
mature in six equal series of 110,000 each on
June l, Jii-'i, June i, 111211, June 1
June 1, liiSO, June I, 1044, June 1,
11134.
1040,
ranneetivelv.
This Srhool District hns an existing funded
Indebtedness of H38.000 which, with the new
Issue, will make Its total Indebtedness less
than two per centum of 111 .1170.100. which
Is the assessed valuation of taxable prop
ertv In said District.
No bid under par and accrued Interest will
be received. 'and certified checks for 13000.
being five per cent of the amount of the
face value of said Issue, must accompany
each bid. Checks of unsuccessful bidders
will be returned to them as soon as the
sealed proposals are opened, nnd the rljrnt
Is further reserved to reject nny or 'all bids.
The preparation of the form of bonds and
the legalities attending the Issuance thereof
nre being conducted under the supervision of
Messrs. Townaend. Klllott & Munson. No.
71t. Walnut t . rtillsdelphla. whose favor
ahle opinion will be ptven upor the lerallty
of the bonds when Issued.
Dlda will be opened at the Radnor Hllh
School, Wayne, Pa,, on Juno 25. 1910. at S
o'clock p. m,, and must be sent to and re.
reived by the Secretary of the School Heard.
Walter S. Mertl. at Qlrard Trust Co., Ilroad
snd Chestnut its., Philadelphia, by 12
o'clock noon of that day, marked "Illd for
Radnor Schoo) District rlonds."
Br order of the Hoard of Rrhool Directors.
WALTER 8. MERTZ. Secretary.,
Financial Briefs
The Xew Yorlt subtreasury sained
?.'1,771 .000 from the bntilts on Saturday,.
mnkltiK n cash net gain since Friday of
ifD.L'O.S.OOO.
The Tijlewater Oil Company reports
for nuui-tor endiiiRy March .'10, 1010 :
.Surplus nftcr all charges nnd Federal
tnx. .?',,:i77.0.-2. equal to ST.-.."! n share
on S.'tl. 000.000 capital stock, ngnlnst a
surplus of $L'..13.'i,l.'t.'? or .f7..12 a share '
in -March, 1SI18. iiquter.
Havre Coffee Market Opens
Havre, France, June 2.",. For tho
first time since January. 1018, there wn.T
trndlnc in the coffee market here to
day. Futures were dealt in. Quota
tions nt 10 a. in. were : July nomi
nal. September, 200 francs,; December,
200 francs: March, 100. iiO francs.
UNITED STATES
GOVERNMENT
LIBERTY LOAN SECURITIES
Aliprox. Yield If Appro.
,. , tailed, or If Yield to
"' Callable Due t-elllni: nt Par SlatintT
on Callable Date
312 1932 1947 3.55 3.52
334 1922 " 1923 3.75 3.75
4 1932 (947 4.52 4.31
4 . 1927 1942 4.88 4.41
4l4 1932 1947 4.75 v 4.5B
414 1927 1942 5.12 4.6i
414 1933 1938 4 81 4.71
434. 1922 1923 4.75 4.75
4l4 1928 4.86
$50, $100, SS00 AND $100o DENOMINATIONS
FULL INFORMATION REGARDING TAX FEA.
TURES OF THE LIBERTY LOAN SECURITIES
WILL BE FURNISHED UPON REQUE8T.
MONTGOMERY & CO.
137
S. LA SALLE ST.
CHICAGO
133 S. 4TH ST. u wall st.
PHILADELPHIA NEW YORK
SlICMlllCllS OF TIIK NPAV YORK AND 1'IIII.A. STOCK HXCIIANOES
nOVUKNMKNT SIXCIIITIKS IEPAIITM;T
Tr.I.lU'HONKS. I:LI LOMIIAKD 4330: KKYhTO.NK. M.-IN SW1
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- SECURITIES
Widener Bldg., Philadelphia
'Phonu Bill, Walnut 1C90
Xcvtone, Jtaet 2290
NEW YORK DETROIT NTT8BUROH
CHICAGO JNr.ct Privat4 Win B03TOM
'V i
uW
.Zr
'fl17 "-?
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