SWvWi'"Hfn rm ' r j? 13" EVENING - PUB1C LEDGER-PHILADELPHIA, 7 SATURDAY, JUNE 28, 1919 s H, TPi n; it l9 13 ?f I l r U f.V ?l I 1 Texas Producing and Refining Co. Pays 4 Quarterly We recommend this issue which is actively traded in on the New York Curb, and will gladly mail descriptive circular, upon request. H. Weinmann & Bro. BANKERS & BROKERS Widencr Building Philadelphia FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS BULL MO VEMENT CONTINUES ON THE NEW YORK EXCHANGE Official Close of Pence Negotiations JTith Germany Had Been Discounted and Gains Are Due to Short Covering NEW YORK STOCK SALES Nft K, l'atilMMird 1K89 Wnlnnt 3171 FINANCIAL llhlilenil High Points in Today's Financial IS'rws Signing of peace treaty with Germany was without any impoitant influence on New York Stock Exchange prices. Covering of shorts was chief cause of higher quotations. Cuib maiket was narrow and changes were small. Coin and cotton closed low. Francs ami Sterling were lower in foreign exchange maiket. The weekly New York bank state ment showed decreases in average and actual loans. Bank clearings for the week weie a little below previous week, but above correspond ing period of 1018. liar silver decline'. Utah Low Ailv Ituinelj . . -1 f4 44 Aju Ituhhcr. . !)!)", ()( AlliM-Cliiilm (, H's j.-ja. Am Ajjr I'hrm Ul!Ha KISL.. 107,. a, .Mil Heel MliRnt- S7'i Ml 87', !', Clone 14 nn i i:m', , Am ("an Va "i7:!h "". Am (' A. I' CV.llli, 111 111H4- Ain Ciitlim Oil ; 01 1 J 01 is Am "Hide & I,. ;t ! H.IbL-4- i- (In -pief Am Int Corp. Am Ire Kir . . . Am l.lnsi'pil . Am I.nco Am Mult pr . Am Smelting.. Am Sinn Tub Am Steel I-Min 1"J!I, lLV.i 12SW. 1V. l(l!i't, iOSi4 ion -f "s rail r.i";, (i2i:, n, 7vi, 7,s 7S ".. ,s7"j Ml'.j SO-i', 1 (HI1 1 (!(i 0(1 .. sr.'s ,mn S4', is ii::U JiL"i liiiVj ij, hi ,,.-.. in. ,.; -,l-s !., THE M.II.1.IVM CRXMI i. .(INS slur A I'M-im-: iirn.niNfi compwv rhllndfllililili IVnnMhnnlii ! .tunc 2'ith into nivtni'Nn notici: Th rtnanl of Plfctnr hi thi l.t rle ' dared a llld"nil of 3!,, pnnhl AiiRiint IM. lDlf). to MnckhnMcr of record it 3 r. m on Julj 21st. nil Tlip tninifi-r liiioUn of thf Compam 111 he closed for th" tuirrn-'P of this dividend from .1 v m Juiv 21m until ' 10 a m Aucu.t 2d 1!11 . ('ii.vni.i:i t rwi or t ro ji iikv 1 " MTTI.I" .('IU"Yl.l;il.l. M(! TII1N I RWI.KOAI) AMI (Oil. I'OMI'VMi 333 ,iilnut Mre-ft. Philadelphia June .", 111? liderd of one doll.tr timl tuenti.tite rent (SI 2.11 per htre h.i hci.n dft-Ured pa'abl Turiln .lult 1.1. I'll". I'he, k mil In null' 1 Trarif. r ln.nkv ulll be rli-"d Mond, June 111 rno ,t p m to reopened Wednesday Juh HI mill at in 1 m 1 rnrjsTuN-mtEvnt.nv .ir Tr auriT . CONSUMERS ELECTRIC LIGHT & POWER CO. The regular nuarlfrlv dM,lnd of one and three quarter per cent. (IT,.) on the Pr ferred KTofk of the Oomp tlu his hen d rlared pa ihlo June 30th. 11)19, to Mork holder of r rord Jun. nth I'll'i The trim, fet hook of the Prrftrr'd -.toi It v ill h flowed at tru 1 loi of lunni- Jun. 'th 30111 and will he noponMl on Jul 1t nun J MiKPNV Tr" imp r i.i:m:iii. motor oitroi: tm Th" Itoard of Ihr.itors of Cnn-rtl Motor forporatinn h.i deilir d u hld.ii.l .f ".0 n flinre on the pr'firrrd jit.uk .1 illvi.l. nd of I. SO u share on tho d-l.rntu'-.1 vt, k n 1 n dlijd.nl of S3. 110 .1 h.,re .n tl mm. .11 etoi W of th. iniporition vi .11 ,m uui.t 1. 11)19. to toikholdT ..f r. ml .1 il Cloe of huinis on I' h 7 toi't H M I'.'fi: "I,. ,.,lr. , Tune SC 1010 orrirr. nr nMnm roMfwv niou. e.ter V I lun 1 110 The Plroitor hui this dn .le, l-ni , . nennannu il 1I1M lend or three mil oni-.li ilf tier ent i3 ".n i.r hir. 1 on th. r"ferr.'rt .Ktr.k. and a dhl.I-nd ,.f per i ri f ft" Tier eharei rn th" Common s'to. k najhtl Mune 3f. mm. t t. kholn,3 f ,inM i, th clos fluw--J..!,. Jl 1010 On,ruI 111 Of mull d J M P -VI. IN Ir.-iliii.r QIAKI'.H ( ITV TH)S . lK Phllad. Iplui Jim. J7 i.,io t a meetlns of th. I ...tr. of diri ir, , 1 , I -thl .lav n emiim.uv ,!m,. f ' nntl nne-lnlf per lent 1:11 "tt ,. ,,, "r, pajabl Jub 1. t.'l'i t.i utoi khnlder o'r rerord at clos.. of l.uiu.o thi dil ch.ol.i will be mailed n'rl,l . wn.i!iir;i.ronr r,,hl, "THE MAX WINK NVIIONU, II m; , rhllailelphl . .lune 1M i.u., ' The Hoard ut Plrcetor ha thi .1,... elared a regulir semi-annual dKl.Jm'd mr I II filt If. anH an KXtrn llltl.ti.nl .. rt ..'' "l capital etock payable on or afte? ji, ,., "W- "n. ' ?;"c: ar. ..::.,':.'"'; ! umuii. nil) I'll""" v tj tn iii-ii.i i-ih-i H Wt 1 1 ho mailed , K J MORRIS rnhler. OfTiee of The I nlted (la Improvement Co N W cornT Hro.id and Arch tiopt Philadelphia Juno 11. 1;iin The dlreitnY h.to thi div d'cl.)r. ,' 1 qnarterly dU Idem of to per lent 'Sl.OoYer allure), paable Julv 1" 1010 to toi'khoilr of record at the iloe of hulnes June 30 3910 Check will If mailed. I W MOIlRp. 1rea-jrr New Aorii, Juno -V Tlip bull condition'. pitiiiR in tlin stork innrUel were hump iirnnoiiiiri'il this 111(11 nine tliuii at ntij pri'Mons timo since tin1 npanl innxi'iAt'iit lias licrn in pink'tcss nntl tin- icnrtl of price cliaiiRt's inclntlcil the istnlilisluiiPiit of a iiiiinlior of stocks lit still liiglicr prices', uitlinu! itiihicini; am spci ial iimtuint of rcnliring t niti'tl Slates Sliii ,is tiiitlctl 111 on 11 Imp' scilo. ndxniicinj: from 10s to 111''7.,, pilnr to tlic news of tin1 siRiiiliK of the pence tientj, lint after the iieHs was pnhlishiil Imjini; slnckineil in the k'enenil lit. I'liileil Stales Steel lencting to ld.si,. indicating the oneinl imitsi of ntthc stocks and showinj: thill this i m lit li.nl lieen ili-colitilined. I ii it Of 1 Stnlts tiuliher heianie one of the nio-l pioininenl foatiuoi, ail ttiniine l''i poinl In 1(I."!, iiikI Aja ltilhhei m.iile the same iiinoiiut of cam. selling ill !i!l:,4 Tiihncco I'loilints ntlinnt oil 'Ji, points to 11 I'j 11 ml 1 nilitl t'igni Stntes P, puint- to 171 ' 1 Tlmse fniii stinks were anion;.- the leioril hieakei" 'I'lieie was heinj tuning in Intel national Paper, wliiili advanceil I"! points to Ii.'!. Coin Piotlnits innilc a Kaiii of more than ", point to VJ'i, also .1 lien hik'h let mil. The tc"l industrial weie actue and strmie in tin lirt hour, with moil orate recession hefoie the 1 lose Pitthiir;;h Coal n a fentiuc of thi srouii. nihaiiciiiR nearh .'I points to ahove III! a tlie hat sle.uh , A in Tel & TelKCii, Hll-i, K),'. .m ool. ...IL'-J ia) IL'0 -f i,i I tlo pief . . lopi;, lOSij 1(s)1m4- i Am Wiit Pa pf .".in, .",() " riO'-j-P Ah Zinc & I., L:;i, .':( -.T -f i, lAiiucomln 74 7.".T6 71 -f '!., Asso 111 J KfimN ."(I1... ."." ,-,- 1 ... 1 ' . ; Atchison . ...KM " Hioi, 1001", ij 1 tlo pief S7T, ST'1) S7Ts 'i Ulan li & WI.IMi 17s'... 17.s'i; '. li.ililniii I.oc . 10."" lOPs 101'A-f- 7s M.ilto Ohio :',!, lil 1, 4X' " Ititll Steel I',.. SS7S S' 21;s lilt Ii! ' o.S-1, 4J1 . :ip, Ss '-!) Jii 141 , ."-, 00 i,v.i; 2 l's It.iilrnail I111111I wen in supplv iit issiii s am ictoi notes weie lieen foi some da Lib- PEACE SIGNATURES 'CURB TRADE IS DULL Advances Occur on Short Cov ering, but No Wild Rise Fol lows Announcement Mm I, sales toda 011 the New hMh.lllk'C totaled 711,100 sli.nrs. orh Speelnl Notice cu.mmi:kcii. Till ST I OMPANl Phlladelnhl.i Mm "'its ,.., Notice I l.ircbv t.-ltn that In puruinc of a reo!utlon of the Hoard of Director of Commercial Trut Compant a 5pclal Meet Ing of the Stockholder of the Compinv tll he held at It pen- rat office. Commercial Trut Ilulldlnir nortiiw.ei , orner Hro.1,1 and boutn J-enn .--iiuui iiiiiniii'ipni i Pr.nntl 1 1 1 c .1 1'.. . 1 .... tanla. on Tuesiliu. the fifth il.it t il.. inllintailiei 11 llle Hill of the Ulsl hnlll . 11)10. at two o'Uook p n for tho imro.ie . 1 . of votlnc for or acalnt an Imr-nVnf ti 'I''"' st t yld Ito 11 tt cut lull what aP,.tJ?,.S,e3focoeIt":: C"tnilnf.r"m. SI """- .tct u, .intihnik' cnccih the tliama holder at ?00 Pr ehare of which on'e-half standi nan tin u.i.. ... ..n't .i.ii.iiiui" part or lhi New Ymlt. .linn "Js The New m k I'teniiiK Suns limnici.il ictiew tin aftd noon is as follow s : The stock maikil was stnmr. 11 ml nt ti M the opening lod.it and th 1111I1.1I iKitiuik' w.is in the untuii of a iljsi 1. 11 .in;, of the .s-tKiiiiiK of the peiu t I'efme the opeilill!.' it was kuottu thai the I ui 111.111 deleKiitcs had mid the shorts, iheii'foie. did 1, nl lo-e .u.. time in piittiux in intci iii;; onlcis again.! a possible sentiiuentill ii.i when tlic 1 eii'iiiuiir al Virsaillis siiuiilil hate aitu.ill.t t.iki 11 plate e.t- of tlie I111.1l in I in the stent war 1 '.it lied the Sin el at half-past ten 'I In loiwaitl swum in piiies In that line I. .nl lieen siilln lent I11 put the list in 1 1 position of hatinj: ilisi oiinlnl 11. ,it ii.ist then was no partiiuhu le siolse one tt.lt ol lilt" lillli'l . Prices win Ihen iiilini; a fi.niion to Itto anil llnei points ahote the l'mliij , l.isiti'- and Ihis letel was prtttt well Fisk Tire and United Retail Stores in Demand Oil Stocks Quiet New nrl(, .lime 'Js Ti minis: in the Ilroatl Stieet 1 nrh marki I showed a fur ther tlei lease in toliinie. thele hems no law triuisai tions in ant issue I'riie moti nn ns were norrottii lliaii on ant pi t ions dat since tin lietfiunins: of the ttiek and in some stink theie wast etidence nf piessiiie. hic.uisc ,,f a dis position to liquidate at the ttiek-entl l'lsk liuhhei Tire was a sluing fe.l -line, soiling at ".V.j to ill! Stum of the spei initios were also in iluiianil. I'liiled Ketail Stoics selling at l ', (ii .". and Tohano Piodmt i:poits -util sit .'!(). Satohl issues weie sicailt. Satohl Tin selling at ."is . Ne.t ,,rk Satohl at ".' '.. nntl Ohio Satoltl at iilti.. Aineinaii Writing Paper was in ((. iniind with sales at IP: to VI. Allied Pin kers showed a linn lone, silling at 00 'sfiliii1. Siihiuaiinc lioat was ste.nlt. with sales at Hi i, rt( l(i". and I nited States Sti .unship sold at L' to :;. Oil slot l, weie ginei.ill.t tpuil. hut Mnlttest was 111 hotter demand, selling at as high as Is. Vuituia lou-oli-dated was stmdj with sales at Ii;i ., IM)I s'lRlvi urplua funds of the fompanv sAMrin, a i-Rnznn Secret rt Special Mcetlnir tii:cii. JiKim.M, spfri.r Meetlnc of th- Shareholder. .. Third Niillon.ilII.ink of I-lillailrlphi.i ttlli 1,! held at It HanfltlR House Rroid nnd ; Vfar Let st Fhiladilphlt on Wednesil., j"l win. iifiw. u".-ii in niiiirs in one md ttto o'clock p m fr th"! purpoe of totlmr on in the g.illei.'" of minors, .mil that atlonliou was a Int pertuuttorj The atlindnuie in 1 omiiii-nin houses was light, as i likelt to he the t .isc 011 Satiiul.i.ts ihioiigh the suinuicr. Onlt the limn" ti-dtleis weie on hand to attend to an.t nneiing wliiih i unci it -ahlt might haw- hail to he made in haste. 01 whiih it was wise to make at lei, 111 e The stiel. 1 upper, leather and teP7rT,frSntrtK.r,on,(oohtoCr:,00,",nt toh.1 g.oups we,," well h.M.ght at II, additional share to he ofered to h.inhoId. tenuis, anil Ainei lean an, 1 orn 1 mil era of re.oru at jjiiii per share of which one-half hall be dded to sirDq. 'iica W CLIFFORD WOOD Pa-hler rnni'osixi.s fn.i.i:n ritnrosi.s uu.i. hk re, ei,e,i at the lliitlrion lleleht HIkIi "i IioiiI. ln,. Hon llelKlit. N. .1.. o"i suturd.it etenlnit. July .Itli. 1011). for perm.innt improt.m. nt nf ateel confitruition Plan and specific 1 llons will he furnihed on reipiest hy the District Clerk Hoard of Kdtlc ,i,,n of Had don HelBht N J , crilfl...l rheik of JL'Ml must accompany all hid ( heck of unsuc cessful bidders will be returned within fit- ""The Hoard of IMu.-allon p-r.. die rlnht to accept or rejei t Jim n' all hid. M H. nf-'-v Oitn i-le-1, Haddon TTelght. N' J. Hits. Helming. tiooUllcll. I lllicil 01. lies Kuhber. International Paper and tiihei Well" stlOllg spots. Vert litth wasilnni" in tile rail, which In hi in if relatitel.t mil row Hinge Timl ing in the first half of the shot t c.itm was fairl luisk. but theie was some tealiring "after the eent" in the pm cess of which business was mntci iullj e"i , l.tpliiHit. Ann I 1. an llr tih Il tn tli rtn Mn .mi Am r Wilt in.: p.ip.r Air II, dui tun t'i.ri.idt.iti i'ui i'o fun t .ir i. I dt pfd I'lLipoal in. 11 flieti.il. t I ,n,r (r. mp "uitiis . t.iiil.iii. t'.irtten 'Imil ".it him st,., 1 Hui, rs.m I'hiimur.iph Hindi, Mlii i.ak, run. Hun I ' lUkll I 11.ll s.,e, I llll.l 1.111 M iim Munilioim N V .-slupliinlililil.' Nor Ann r I'ap Pulp nil HI, t.ttnl I'iiiIim Motor I'.inle Knrf s, rlpps Itnoth sl.ind.inl .Motor st,.! l.,t sul.m trim .sttifl Int Toil.l .shlpluiililmK Trlancle KII111 t'nlted I'rollt Miarlni; t" r. Menmship t'tiittd Motor 1 World rilm WrlBht Marl In Air -t il. k 111 K I Ii 1 1 u ."i.l .111 ."". MS sll "III Ii s 'in ;iimi in 1 ii Pionk I!ap Tr .'10 !, liooili Pish ( "17S 1'ionn Shoe . lilt'1. Untie Z Co i:$i, Piitte ,V S Cop L'!l riidilo Cent Oil 14'.. I'.il Petioleiini . lio'i I'll I P.nki'g Co 001 1 (",i Canadian Pac.100 l.V.li (Vnlnil r.eatli 11171. 1II.-.I. Hit". 4- 1 1 C, de Pasco 1'ilil, (llls IM""!, 1 jChaiidlei .Mot.-MP1, 14 la, IMlii Pi ' Chesa 1 )hin li.'i.. 0."ts l!."i... 7; Chi C West pf "J71.. 27'.. L'T'o-f ''i Chi M 4. Si P 12 llTs 41" '- Chi It I & Pie 'JsL, 'J7i4 '27:', "i tlo 0 in inef. IIP. Ill lil Chi II I ,V I'.ic 7 pi pief 77 'Chile Cuppoi . 2STS Chino Con C 17'i. Cluctt Pi a hi nit s Col Puel & Ii. HIT, Col Cas & Kin" .-!!', Cons Cigar 70TS vCnnt Can. ".HI Cmit Can Pi l."'.j Corn Pmilucts. M i, Cre Cat pel . . ."V I'linihle Steel !CiT, Cuba Cane gr :!."i"s Cuba C11 Sg pi M '-, Hen It I! pi 11 ', i:ik limn I'uel I'm'j Pnieisou llrn'iu 10 Piicpnit Texas Hi', ramoiis l'lajersl Hi'. Cas Williams ".I!1.. 1 leu Cigar Co. v'iL, Cent ml Motoisl'Itpi 1 do deb . . .. !)(MS li It i. Ii It V Ms (it Xmtli pr. . 07 do Oie subs 471., lileelle Can C l.l's (iulf Mates Sll tis Jlllskell Js Plk (I.-. Int Agri prf . . M"'s liispir.i Cop. . . Ol1 Intel! C C 7''i tin pi if . . 'J'.H, Int. Hart Corp I new 1 pJl- 1 II Im Mei Mm .. .-:. 7: tlo ll'f . . . Intel n'l Papei do prof sta . Im Vukol "..",1, .'"."Ji., :,"(, 1', .lew el Te.l . ii!) its " .lone Puis. Tia ,".2"'s I'ls 'W Kansas Cit.t S 221, 22ij 22",.. Kelh Spiingftl 127"'s 12'''s 127 1 Kcllll Copper 11 is I0"s 11 Kejst T Js It 102'j 101 'v 1021... Net lllsh Low Close clme. Unit n.r Inv.. 14 14't 1-IV44 V do prof :mi 30 .10 K i'scii'4 r :-'s im no do prcf (ill 00 00 3 V H Ind Alcoh.li'2 1.-.0 luOij V S Itealty lin -In 4." 4.1 .. I' S Rubber... i:IV6 l-'HTi WhW do 1st pref...ll(iVi HO H0'K V S Food Prod M(?s 70V.' -SO-f- C S Sin & Itef OS V.. 0SVs (VS'j-f" Va V H Steel 10S l(Wt, 10SVI 14 do prcf 110 lirilj 110 f-s I'tnh Coppir... IMlUj SI) ,!! 'i I'tuli Sec Corp. lS'8 lS'A 18-f 'i Va-Caro Chem SII'4 81 V& Sl n, do prof lini'i 115 ll."Vi ''i Va Iron C & C 07'j 07V2 07Vj 1,"J Vulcan IMin.. 1!)"4 lf'i IOV1 ai Wabash pf A.. :i4s .".4""8 iM", ', West Mnrylnntl 12'.. 12 12j i do 2d prcf. . . .'UI 28 ilO 1 West I'nloii Tel Nl M Ml . . West Air Ilrl;e.l2.'!7s 12.'! 12H"s ' Westingh'se M. "i7"Ti f7"7V fi7:,'n ', White Motors.. Ti"1!" riOi 50-- 's tlo lights ... l:l, li,j il "' . WilljsOtcrlnnd .'SoVs .1"V4 '!." '-" Wilson Co ... !7""i 07 !l7'"j ' Woolworlh . ..l.'M) ISO li'.O "1 Woith P Js M 8i!'. 82i,i S2r"s U Total rule reported on New York stock thktr 11111 lion h ires.- compirtii "ith 1. .'II. out) shares jeterdaM thus far thi week "1 "J.'l.l llllti hires. same pirlod Ht week. T li I.l. .'100 shares A Philadelphia Stocks , Net' lllnli Ixw Close chRe 12." Am Strs. ;i26 .101 31) !J4 12 Am Gas. 7,Ti 73 U 73.. 310,- Klec Stor 8S't 87'. 88Mil 300 0 en Asph 74 73 73-f- "74 30 I C N A. 33 33 33 if, S2.-I Key T Co U 14 14lj o0 do prcf r3V2 53 53 Vj 1200 Lk S Cor 2014 10 10 57 I.ch Nav 08 08 08 333 Pa R R. 40 45 45.. 5 Pa Salt. 82 82 82 . . 5 I'hila Co. 39j 30'j 30 3 tlo prcf 30 30 30 . . 335 Phil Klcc 25 25 25.. 5 V R T tc 20 20 20 . . 100 Ton I5cl. 3 3 3 235 Un Tract 30 38 30 . . 12UG1...0!) 00 C0.. 10 Westtngh 57 07 57 Total sales 700(1 shares, compared with 0174 aharea vesterday. thus far this week. 44.4.17 shares; same period last week. 00. 7UJ shares. Net chge. New York Bonds 0.-. is 27'.. l!Ts 27 lit 7l i '! IIP, .ss 111 ."'.I 711", Pi! 15 7s .",s !. .",.-i'. SI 11 37'.. 10 no 3.-1.. Ms 2; ii 1 on Ml' , 111!1 . I.V's l.-l I'll'.. Ms I.OVt !MI;s ill) ', '.IM, Pli"""s 07L. 70", 'i 2si; ", 17 - ss: 3 Hi's I's .V.I ' 7!l's0s !lli 'i - M .". r.s 1 05 '." o.Vs-l- "'" si. 11- 37 1... ', in -r 4S " 110'.. '.. 30 7 M- "i; 230 --P, '.III 1, SU'"s 1', 00. n; llii'. 1 4.-. is t;s,'s is 01-; ', M"-; ij ('..'. Ts Sale In J I nun tiikIi 43 Anglo-Preiich 5s lift ,; 7 Am For Sec 5s.. 0',)7S 0 Can (iott 5s '21 f)S"Js 1 do 1020 m 1 1 Cit.t of Paris 0 07 1 Lib Pond 3'ms.. '.M1.32 !l!l 32 0!) 5 do 1st 4s. . . , ."(I do 4',,s 1 do 1st 4"4s.. 17 do 2d IV, s. . Kill do 4th 4 1,4. . Ml Vic notes 4s I10NDS lllsh Jxiw Clos .s'JoUU lil & I'CO Tr 4a.. 00 09 09 14 2000 Lib Bond 3d 414s. 05.10 05.10 05.10.04 10000 4th4Vis 04.11 04.14 04.14 .02 1500 Phil Klcc ' 1st 5s.. 07 00 00is Total alra JlO.non. compared with 178. 301) esterday. thus far this ttfek. 1250.700. same period last week $227, 00U Local Bid and Ashed h.'."' I American Stores "' nun a. rsufci, 0!ia. I do pref . . . I'.;' Ilaldwln . . . . HcJ'N ' Hrlll. J O !l(i""L ''iMmp t l '" 1 Klectrlc Storage Ol i 'tleueral Asphalt o., lve stone ivi . . 00 prer 0I.MI 01. SO 94.80 I Iko sup Corp 1)5.12 05 12 95.12 1 Lehlih Vnllev 05.20 95.20 05.211 I ,,0 jlrcf 91.14 94.12 94.14,J,enna . . 01 .111 111 10 111 .10 1 hlla Klectrlc . 91.20 91.12 94.20 1 phiin c . 99.90 99.94 99.90 1 ' ft i'cr "' P5 i'J 17 do 3s, 100.10 100.00 100.10 Thlla 11 f t c . . 2s7 1 Pierce Oil 0s '24.100', 100'4 100 Vi l'JiVSh llefmont ' ""it 7 I'll K litB & I 1 7nopli Mining .. 3ji 5i..s new 1919 99 99 99? WV Ir"lt,on ' .Hint 9 do 5,s 1921.. !IV., 9S 118 Ty . . ! 10 5 do 5'os 1937.. 99:,s 99;1s 99 I do pref 31 Today Hid Ask 30i 31 r.o'i 1II4 14 144 RSlg 7.1VJ 14-A r.3', IIS .Id's 14 "Jtl 411 "J.-iS .ill Yesterday Hid Ask 32 31'V 72i 11144 ln.Ha 411 44 1411 143 HSt; sii'i 74V, 73 15 13 nn r,i ill) '-"tl (in r r,3V4 r.3i4 17 14 2N 21) 40'4 4.-'. 2.-.V4 25, 11) W 32 311 33 'i 3.1 -"f "iV HNi S7't 3 as 3 314 flu iwsr i.n'i ltis' in 32 10 II 81 1V .. 41! 1 lit ' 14 r,n 20V4 mi r,?H 28 411 2,-iV. 4(1 32 :i!S 211 87'. 3. 3S an no 14 1II8IJ 10 32 total piles $4, 230. 000 compared tt 1th 1 )P Hsu nun testerdty. thu tar tnl ttek Jin nr.:i mm wimo period last we,k r,j. 140 (Hill NEW YORK BANK REPORT Average and Actual Loans Decrease. , ... ' Time Deposits Drop STEEL TRADE IN JUNE I x Y..k. Jm -x ,y New York bank statement siiotvod dc QUniAQ DIP IMPDTACC ci cases iii nveniRc and ticttial loans. OnUVVO DIU IIMUrVLnOL Average reserve was smaller, but uctual 1 increased. Details follow : averagi: General Improvement Is Indi cated Foreign Business Prospects Excellent ile- de- lisi, 2s' j 1... 1121, ,!, .-.:: 52 52 -f 117 IK!-1, 110, - 1 03 .Ts"; 021 ', 4 70' . 70 70 1 i im 17 lj s, 114 I". -1 .Is 311 :r. nt-j iii 112 1 - 17 117 indeed, some .welding in .. 1 1 1 .1 ... ,i.n iiiiii'ii- III tile si-euini iinui, mu mn ii' .ii" Ohio PROPOSAI.K FOIt DRKDrilN'O U clneer unice i-nnaueipnia l'a nn. Sealed nronoeals w II be r etv 1 h re until I'J nnnn jult" 25. 1019, and thin open, d for dndjinp In Schuvlklll niter rurlh r Information on application sTI'.MHH' NOTirns I'assenter and l"relcht Srrtlre NEW YORK to LIVERPOOL Orduna July 5 Caronia July 5 Carmania July 12 Royal George July 26 Orduna August 2 i nrtnileil. There was ni it e oitont nf imiiniruiK the iintleitnne of strength. With i uterine opeiations coinpleted. the list aKi;etl. because of neglect rather tliiin lieciinse of ntij paiticnlar sellniK lircssnie. There were further cn.iKeineiits nf gold at the lni.ll Snlitreastir.t. iitnuiiiit iiiK to moie than S0,()00,l)00, for ship ment to Spain. I'ehnnso into on .Madrid, at- well ns other neutral lentres, weie stable. Slerlins recetled ""s of a lent to S1.59i4 and francs were down three centimes at 0 14 fiancs to the dollar Cotton reacted after an earl.t ad tance. Corn and oats teie heav.t . The trade journals loutinne to take "l ".'"'. ,. a lllosi cncei'lill view ui un- kuih-iui i'im Arizona business situation and freely jncdict Prairie J'ljie r U Col i' ll l S l N Y imh:i Harnett fill A t I'onimontt. .illh rodii a. i'o Klk llasin IVilnral nil Inti r '. trol lloui-ton nil ! Merrill Oil Ml.ln st Ilefinlns Met Tet nil Ohio Pliel I itm k on i .Siipulp.l Itef Sf uuotah . Slnilolr i Inland i illenrock si M1IU! (III. 1S2 3liS 713 370 ls't 373 71 37.-. i:.mi:m mi. CTIX I 1111 m 3V, 30 .lis . 27 1 1711 2' ' -u. :a s . l'-i r.sa. fin 51 If. .!' 31 1 172 It', 11 l' lil'-j I..-H k Stiel . . I., i" Itub .V T l.oiill.ii'd r Manhat Kl . M.iiihat Shin .Mn Motor do 1st pi do 2d pr . . . . Ma.t I)e Sti . Me I'elin! Miami C C Mi.ltale Sll .. M e. St I. new Mo Kan & Te Missoin j l'.ic. . do pref Vat Acme . . . Nut Ciiii : C 22 Nat I'.isi'uit pf 120 .it Kiiani V S SI". National Lead. M N I! ItofM2d pf sa, Net.ttla IVm C lil N Y Air ltrake.121 Nut Yolk Cent 'sO N Y Dock 41, tlo pr 00 N V Mi i II .".l"'s s:!7, s47s ;'.i'.. :ui.. 1 sr, s.-, s7 S7 ::n'', .",oi, 10 Isi, 7i!"s "; .".s7, :;s;7x io!7s io'.ii; 17 1S4'.. 2s " 2s is 5lii, :tsi . 18 111. :!4.. ' 1 's." 1,7 7 ::0"',i W's 7Cc', r' ."STs-r- :i Kl'.li'. l ISllo ". 2S a 51 ";.. IS .. !, :!2i i. I'ctv nbserteis nutside the sleel iu ilustr.t iea!i.e I he impoitniic"' of the imprincment which has taken place dm ins .lime in the business of the leatl inc cinnpanies. Although it lias been lepoitetl fiom time to time that con- traits aie im-i easing, and this has given ' U--. some indication of the situation, the impiotenient has .been greater than even sumo of the eo-i illicit insitleis hue been aware of rinm runrds nf new business whieh liavc been coniiilcil it seems ceitain at this time that the bookings of seteral of the large companies, iiotnbly the I'nited States Steel Cnrporiition. during the monlh nf June were slightlj more than ' double those nf Mat'. In tlie Inst nained month there wif an increase in orders of 50 per cent over April. From this it can be seen that i the better feeling whiih has ccistcd in the steel industr.t dining the past two1 inonths has been justified. Those who keep a li tiger on the pulse i I. O.I 11 N t demand i posit Nt tlm" . , POSH I Clirulatlon 1 I'ai-h in t aulls Hi serte In inem I her hanks . I Itehert o In slate I hinks and trut I companlis Reserto In ette hanks and trust i tomp.tny depol I torle 1 Aetfresale re. . j Heut.rto rtquir d Surplus flinlle.1 s,tdl. , iion $1,1)27.929.000 3. 003.113 1. OOD 1 ."0.037. Olio .IS. 04 ft. IIOII 07.270.nnn Decrease JSO.430.UU0 87.075.000 .slln.OOft STORAGE BATTERY ACTIVE . AND SCORES WIDE ADVANCE That Stock, Keystone Telephone and Lake Superior Attract Most Interest in Philadelphia Market Interest in today's trading on the Philadelphia Stock Exchange was largely centered in Klectrlc Storage flattery, Keystone Telephone common nnd Lake Superior Corporation. Iloth Storage Battery, which was the active leader, ' nnd Keystone Telephone scored wide advances, while there was a renewal of momentum In Lake Superior, witli its price fractionally lower. Announcement that the Germans had signed the peace treaty was rccelTCtl with enthusiasm, but was expected and was without effect on prices. American Stores, whicll was prominent in the last two sessions, was strong in this short session, but only n small turnover of this company's shares was recorded. r ' ?Vr. marlfct tone was unsettled, nlthough declines were generally trifling. Itttpid Transit trust certificates, Philadelphia Company and Lehigh Navigation yielded n fraction each, while Insurance Company of North America was a little higher nnd Philadelphia Electric, Tonopah-llelmont and Union Traction all came out unchanged. In tho bond division fourth Liberty Loan -ls were active and steady. Officials of railroads operating eastward from Chicago nnd St. Louis report a moderate Inerenun In tlin mmnilir nf !.... .l ..imi ...i. .,.,. ..nM-tn.i ...!.i. ... aJ -- - "- !...... .J w. Jltll Ullll oit,-l JIltfllllUlQ lUUlt'll, Willi KlTUntcl rn "wwul tut; oiiuii; uusis us llle previous WCCK. There have been some complaints of inability to secure cars for the shipment of grain east, this being in n measure due to the efforts of tlic railroad adminis tration to guarantee an adequate supply of curs at western loading points for the new wheat crop. Oenerat merchandise is moving freely. ' Manufacturing industries nt the many minor towns on the eastern lines are producing a great deal of tonnage for the majority of roads, and the through trnflic is holding up well. Officials of southern rullroads report little change in traffic condition during the last week. The volume of business is n little lighter than a jear ago. There is no apparent improvement in shipments of coal, hut lumber is beginning to pick up a little nnd there is n somewhat better movement of general merchandise. Crop conditions are fntorable. CORN PRICES LOWER IN MARROW MARKET Declines Follow Steadiness Caused by Signing of Peace ) GRAIN DEI.T WrATHIr" FOnncAST i!lrnri'i Jun", -s- Illinois and Wis. consln lair tonleht and Sunday, some i.ai ''."P'L'". Sunday Missouri I'artlt cloudy tonlnht and Sunday, somewhat warmer tonlsht and In south Iowa Gen f.fi'iii' ,aLr 'nnlKht.and Sunday, somewhat innT.1" Sll5da.t a"', in west nnd centrnl tonlsht North Dakota Generallj fair and continued warm and Sunday. South u.ikota. and N'ehraska Oenerallt- fair IpnlBht and Sundny. warmer In east Sun rty. Kansas Generally fair tonlcht anj Sunday, not rnueh chance In temperature Montana Partly cloudy and sometthtt unrettled tonleht and Sunday, possibly scattered thunder shower In west and north central, not mueh change In tern perature VomlnK Generally fair and continued warm tonlsht and probably ounday. Chicago, .Tune 'JS. A weaker under tone prevuilcd in the corn market this morning, although there was a show of steadiness in the early trading. Tiade was narrow nnd local in character. The stability at the outset was due to btijing nn the signing of the peace .lt),iioo tl entv. and n bearish statement nn cmn "t:cnini .... . . ' .. .vwv on, 111 ir I, I, Id Ik,- I......I n ., tl.....!.-.. l.n.l . v........,.. -. ... IWIHI .111111,11 llj IIUU COTTON GAINS EARLY, BUT DROPS NEAR END Better Forecasts Cause Liqui dation by Bulls No Enthu siasm on Peace SS'.i.litl.UOO 10.031.000 ll.HTR.nell (1S.000 .i)IJ,i4!l.llUi) lll.301.nil0 S'J,'1l),H4n tl.47H.3fM .13.12H.3llO deposits deducted $357.-1 COTTOX nlI.T WKATHKlt CONDITIONS New ork, June "IR The (ollotvlns tern PTatures ttero recorded In the cotton belt this mornlns: Ahllene and Macon. 70: Oklahoma. Memphis, Vlcksbure. Mont somery. Merldan. Knoxtllle. Nashville nnd Wllmlnston. 72, an Antonio. Fort Smith, Pensacola. Aug-usta, Atlanta. Satannah and Jacksonville, 7'; New Or leans and Charleston 7(1, Tampa and Oalteston, 7S The following preclpitk tlon tt-aa recorded Augusta, 10: Vlcks burB. 11, Macon. 30 Wllmlnnton .14: tvliowllle. ,4S. Jocksontllle 7(1, Char leston, 1)0. Abilene, 08, Merldan. 1.38. NewtVorli, June 28. Selling of cot ton was resumed today nnd following nn important gain nftcr tho start the market became weaker under liquida tion by bulls, based on favorable fore casts tor both the eastern and western belts nnd offerings from local interests. Ti ailing was not broad. Announcement of the signing of the peace treaty was received without en- .1 .. oon.l ,l,.nl (.. .! ...ill. 1. .l..li.. IHIlMUSIll. QUO.. ..V... 1U .... ., .... 1,10 l,-V.,llt, July opened unchanged nt .fLTS's and after touching 1.7!), sold as low ns ?1.77'4 : September started at $1.71i to $1.7S"4. against $1.7." nt the close 1 1 fit-t nl ti x- nnd f iin ri-.iinli!iirr S1 THI. I jii-11-.iuiij iiii( uiif 1 tun-. Ullln tp , 1 f y 1 , 1 ..,. t declined to SI .744. Iieeember started n 1 1 .V "' vcrnmeni report win De maao Private crop reports continued bull ish, but induced comparatively little fresh buying. An average of private statements thus fnr published indicates a condition of 70.4. lin.mni "ii 1.11m t. ... .,, i'ili.i.uii -iiuiin '"" ll- a. t , ,n . 8-:-;v7i10 kl.33 to Sl.riSyj, nguiimt ?I.53SC at I purVAlc" " , "' ,IU" T Tllsda- ACTL'AIj .$1 l)10..1GO.O0l 3.U3 3.100.000 3S.7S; Net lI em .11 id ilt-polls . . . 4.01:0,071.000 N'tt tlnu- le- liolts . . iri7.lCMl.iiOO Circulation . 37, DIM), r CiBh In Miulia iiS.DGy.ooj Hp--ne In mem- lr hanks Itesere In state binks nnl trust pomiiHnlt'H lte.-re In s-tatt bnnkH nn1 trust roinpanj deuosl lories Ab'trregatP rei-erp It-ere required I'xress i enore I'nlted HtiitP dirnslts ileuiKted Intreast OCTHIDi: HAXIC STATIiAIB.VT STATE HANKS $1I 'J17.000 11.738.000 fMl .!... -.1- . -i 1 -A ... the close vesterdnv nnd. after toiiehitis ' ..l'"- "m. i"u KU hlu"u' al n "e S1..-.4. dropped to SI..-,-",. 'fh ol .U to 4u points. Oats opened about steady on bujiugi Yc""KHopen lllsh Low cio bv local interests. There were some i Jul" .in 7u 3.1 no 34 m.'i il.t 34 ""4.34 .000 .000 Octuiiur Ui'cml.er .luliu.iiy . Jilarch M.;o 33.71 :u 111 a:t.""7 .is.a 3J li.. 33.84 33 S4 3.1.21) 38.113 3.1 3i 33 .'." 3.l..o :)'.'. IH) 33.00 3J.L'0 S.I.'.'U 33 37 S'J.SJ 3J.8H 11,830 oon 11.0113 noil .".117, Ills, noil ..:-!,'I40.S7( (14.077.130 303.(185. 00O l.liir. non inirehnhiiig of July, against sales of 17s. oiin 1 septemner 111 tne same price, i.aier the market sagged in sympathy with corn and on good weather. Receipts LOCAL MINIMG STOCKS were 1 1 0 ears. I July opened unchanged at (J!)e and i tonopah stocks later sold at (!Sc ; September started ,nm nmlcr al (!!)c to (!S7sc, ngitinst liS'c nt the 1 ijaiNamar . . end yesterday and later sold at (JS'lf; I JnkpHh' ""x'tennidn l)ecemher was quoted at 70c to (!!)( nl I "PA?""!' ,;" the outset, against (JUTsc at tile close utemue i"uu jesterday and later sold at IjOliic. The receipts of wheat here today weie three cars. 31,000 iiSL'.noo .i.". inn, 000 '1.487,400 33. 1108.000 i I.uatw I n fit-meats of the industrj insist that all indic.i- 1 ('uyr.'.y bank tions point to a conliiiuntion of the im- I imten .. . .... ..i. ..... . . DMnniltn I-Viler.il piovemeni. witn exceiicm prospects tor nncrie Hank of I actually develops, it is stated there will i;eUrvc foreign business, nnd when the latter be a general attempt to increase the New York )cpos teser' Isijiit on de- $017.S-;i'.iino 8 411), TIKI .ia.S3"!.0llll ,10.081). 1011 Dei rease (!.."!)I.3I1() 117.100 124, "JOO 3."!.'l,l)no "I'J. 804, 100 4,383,000 .ill :ts' -I' J I'll io!).s3i.nnn I .. .. ...... .. nnH..a -HI It 1 ...a... II l protliiction of the plants of this country. tiii'ST companies Whether it will be possible to scenic Loans Invest- labor for this purpose is not known at ,"jr"H ' -Ti'.oftsoo ' '.lio.ioo bank "1.300.200 ISS.OUO ."(!', . . :is-, i.m . I this tune, as ninny of the men who were 1 Currency i-'i r- .,..., .. i-n .- .1... t -e .,. notes Mil'. vS()3'. 1; ""' "" ' Msmiil- m wic 1 Deposits Federal cm" cm' -! 1 armistice have taken otlier work nml Heserve Hank of ,,, ot)1"" ol '-. "s , . .in. . New York . .. 218,-40,3011 sn cn; T. inre not available at pieseut. Deposits s.-joo.obo.-.'OO l!)i 1IIK. 1. In some circles it is reported that the Hesene on de- 3nTi30I)iloo 07i000 ..,, i.j " 1 export inquiries have grown consider- pertenta?e of resere. 17.5 unchansed I 1 t -J .... .. . ,i. 1.. . 1. . ".i . ......... ... ifnnaT r-nilnivipa loiy tiuriui; me iiii iccK, wiin iiuiu.-i statu ii.-.in .n' ' ,'i V, . "n ,.. .,,,,-,, !,, , - l.l.l'UU IKSU IU i.i,irt... ,....-. Increase II.T.V.Miiiii 4"!!, 30U 5,410,000 '.',740,300 Nol'f South r:. lis 17 Noif iV West. 107 MINIM) STOCI's 7!)'"s ll)"""! Till I7't lniii', !H!7S Kl'l .".SI 4 .SL, !)4 I.'.7, .-.1 1 . ,.-, .. ;il.l, lllll lUfi III. l.ll ,,,-,-, , LI1 lllilll.l ,j "" , ,? 1 South American countries in the market UU Tj''for supplies of iniious kinds. The , r I I'nitcd Stntes Steel l'roducts Cnmpuii) V-s .? and the Consolidated Steel Corporation. First A. .lprnm.. Natlnndl .Autrust ifi ! distinct improM'ineiit iiiclilentnl to the ("oiiifleiii Mrt-er . s iu . . , ., ..... liOlilllilit Ions C3roniai August 9 Pnrmrtnia Anrmnf Ifi .--"- --w M v . . . ... ..... Ii0 1 111 Royal Ueorge August JOIisning ot tne peaie treaty, wnun, tiiey , ;oi.inoi,i rii.r. nee , NEW YORK to SOUTHAMPTON j believe, will reinose niimerous uncer- : i,,;!,J!f"i,Iln,fn"nn'" AUUlUlIllil JUne.il) tlllutles. lilt eiun cuu is vAiniiiiuiig 1 iioue miuiiu ..July 11 'in many tiuniteis. states Dun. Ue- Mauretania Aquitania July 28 creasiug supplies and reports of goods AquiUinla August 23 being witlidtawu from sale aie on the NEW YORK TO PLYMOUTH. increase. R.nYaAVREANDL0ND0?i , ' H- "-""" " 1P-"" nnii APf niTiVV''XMT,17 marked in large numbers, and in some PHILADELPHIA to LONDON leai,cs earlier that, usual. Vennonia Ju y g , , m .1 iii. r . 1 a. .... '"Trado currents "!' erj strong. rhllaOeipnia-DnSlOl V" ,,or'u V i broader and deeper than at an time , rni.T've'rdo Direct "service rier 16. South I since this country entered the war. ile HOO -TAI.NUT ST.. rmf.ADKI.PHiA j dares Ilradstreet. "Another signifi "T T 1 r a mrtwn r ntn ! cant trailc feature is evident c multiply - lAVA-r Al Iril 1 Nt hig of heavy ucrco'-' of ,hc ""'"b" Jtl I CL M, LWjH. Av IjlllL) I engaging in mercantile trade nnd man- I iifncture. Something like nn evolution 1 hi basic causes for increasing cager- I ness to buy goods is noted." Bank clearings this week totaled ?7, 730,182,2CS, agaiiist $8,820,BU7.2!jO last week and $0,07(1,032,108 in this week last year. Independent-," I.eml i'rome erde .llm llutler Jumho lxl niiion .Mtllnle D-irriith Mnitma lonier Mother l.od Mines Co of America Xeiailn Hills .. Nlnlsstnj; . Ohio Copper Hay Hercules . . San Toy . . lonopah r.xtenslon While Caps Yerlngton Direct I - W Service! SAN FRANCISCO TO NETHERLANDS EAST INDIES fUU-rla. SamarmnK, Soerabala. Mtcaour, Silllne dates and rates on application. 1. S. UILLITON S. B. SOEICVKARTA 's, 8.B.BINTANO S.S TJISALAK S.S.NIA3 rj. B. BpreckeU G nroi, . uen. aci. PRZsenirer Offlc. 001 Market Street a Central omc. 2 Pine St. San Frnnclco HTEAMD04TS , bTKAMKK SYLVAN I1KLI .new runnlnj '-'Getiitfn Areh rlt. Wlinrf, Itilla., and l llllllni.port, N. J.. . ,,"' KVKRV WATUKIAY L Sl'NllAY rVlve Arch Street MaturiUr, 33V 1. M, t.tv , . eanitar, a a. ai, GOVERNMENT BONDS Panama coupon 2. "!t3rt. . Panama rlatered 2i. laid. Panama coufon ", 1038 Panama rJlflitererl 2a. 11)38. Panama coupon 3a. 10(11... Panama rerlattred .la. 10(11. Philippine -Is. liiS" Philippine 4j. 103.1 Philippine 4a. 1113(1 U H Oov coupon 2, 11)30 17 R Oov reulftered 2a 11)30 II fl Oov coupon .li. 104(1 II S C.ov relterert Si 11)40 IT n Clnr rounon 4a. 1021.. U B Gov reentered 4. 1021. . ,.l(irti Ulit, 01 voiiuDBia a-vAa, a.,, i ni.l A ik 11 s-; . . HHI I)0V 1IR s't ntiij Ml ". XII II." nn on 00 1141, tin nn DO1. tl9i 8iii no"J SI 02 W 02 lomi tnn; line; lon'J JI 10Q i' ;n a .. ", i. 3 '. si 11 iij an 40 3 ti', ', R 2H 4ll'n 3 4 1', I l'." 11 17 IIUNDH Hethlehem T ... I021-! 101 Cosden Oil il OS 101 Conlen A- Co lis OR ln.I Cudahy 7 Kit, iiiji; Itui.il.in f.uernmem r, '. m ."1 11 Itusulan i.overnrnent nias .7 Southern Railway lid H'l Doston L Montana 82 Nor I'.ii'ilif . . !I7 loa S S . . . S."i likln r & 11. 11 Ohio (la"- .... ."'.! Ontario Silier S'.j l'an Am IVt. . !)."!' 1 I Vnn U It -M IVo (ias &. (' ."il'i I'ere .Maniuettr lili-'lj lrre Manpiettc prior pfd. . . fiO'-j I'hila Co I!!)'; I'itts k West.. Hi:', I'ii'rci'-Arrow . "i'.s I'ierce Oil . . IM", 1-irt- I'onl . . . iii!1-." I'uiita A!eg Sug li." rre-,M"d Sti Car S.V., It Sti Sprg... ill-1, !".) Con Cop -4r'i Kl-Hllillg S', l!ep Mot Truth I!" 1 Itimintoii Tp 711' ' , It-i) Ir & Sti. !H iltoal Dutch . .II"1, ll'Ji. U2V. . do new lift llL'-ls 112',.. St .lo-cph Lead 14 11 11 .. 10 '-4- 1' no luutt w-' '"" llllln.v Kiel's to in- ,.i '"1 crease the export business of the stcri Lji, j, I companies of this country, and the ' 'l . .? i.Inlinnife lilaiis which were made 1 11 Vl .--:,.... !,..:.. :.i .., r.t-n , inoillll") ukii nn- i'"i wuiiirt -llll-il uui 11174 ' NOT I I.n.ins. investments jsiu.s.ii.juo liiilll , . s. 77.1,0011 Curreiii bank notes 10. (120. 200 Depoeltn Tederal He- s.-re Hank o( New York 70.047,500 lotal ileposlts .. . 52M8.VSSR Net deposits . .. -Il.i.:.lll).fi00 Kni.ere on deposit. 140.1dS,100 l'eu-entnie of res 20.4 Decrease. 170,000 11 012 700 14(1,1)00 454.700 4.S40.0UI) .7 H . , ...11 n. i- .,.,.1 .. .-..,,. oAkiieiMiit; nin l..a. 1 1 111 nciuii, 11 !- --."u- uutfttllliua iunimui. uiu n 1 vi' . , 1': that nn additional order for rails will Tota- for Ths Week Much Above -,11 ii !' forthcoming fuun the railroad nd- , . v.,- '.i.v r 'ministration, but there is no confirmn- That of Last ,Year "" s ''s I tinn nf this obtainable. The discussions 1 I?nk clearings throughout the cotin- li,o,.n rl.n iimntint to he 1111rpl1ns1.il .it try this week were !M,7iiJ,lh,,!S 001.'. ("14 '!!- :i!lr5s 'k .!!! Vs, ."it ""4 '. 1SI-J4 (",.-, U, !, (1.1 !ls Vi ii' 1 -t sr h" -f- .-iH i".r IBlli 0."i sr.i, '.ni... L'JV-S7U. 1. oOO.OOO tons, which would bring the total orders from the government for rails to "00,000 tons this jear. It is know.u thut the rojils of the country are iu need of rails, but there are some who doubt thut anj thing will be done before the-carriers are returned to their original owners bj the government. RESERVE BANK REPORT 70 ii:: '.) Ti !).'! no oi'i i o i .-Nixon .uoinrs . ui"i ju "4 in t St I, S K. . . liJ... 'S'U '2-2Vh Scars-Hot bik .2071 207V" 207V-.". I do pief 120 120 120 .. S-S Sti iS. lion 7.,!rV, Sinclair Oil . . OJ'i Weekly Statement of Local Institu tion Shows Drop In Bills The weekly statement of the I'hila- i delphia Federal Kesene Hank shows a 14 ' small reduction iu bills 011 hnnd, the i. total on June 27 being reported at I $102,040,180, as compared with $103, ! 700,;i.r)0 the week before. Contingent 7;t 7.'l,'l-f Jiiinllli) 01 hid "icserve iiaiiu nicreaseii 01 i 01 -V. 4- 1, 1 SI .OOH.ow (Hiring tne wecK to $.)i, nsainst SO.070.032.10i5 the correspond ing period of 1018 and ?8,820,507,2S0 last week. Coniparisjiis with 1018 figures fol low : mio mis . p.c. New York !,.(ini,li3.1.S17 IS.IUS.Illll.HiO SS.j Chloago. mn7i:i.is PhllH... 34U.4.M.471I lloston 2lin,2(ll).3S8 Kans cili i.-iii.iiiHi.rioii IJ.1.-IOI..I.1" lu-,inl"l.n21 11T.SH4.4IIA 7B.337.tl40 (III. 120.007 BH.I'.01),(I71 , NEW YORK COFFEE MARKET New York, June 2S. The market for coffee futures opened ipiiet nt de clines of 1," to -10 points today, with transactions confined to the December I Arizona v nnd March positions. JNoad.i Vi Official cables showing losses of 2. to 100 reis in futures ut Santos ac counted for the initial losses here". Yesl Open High I.OM" Close 1 liie July Weplemoer Vest Knd OOI.DFIBLD STOCKS Atlanta lilue Hull Ilnutll DUmondBeld II 11 Daisy Keuanan . . 'silver I'lf'lc ' ' '' '. Spearhead MISCUI.l.ANEOUS 'nlted onoer . . reeopa Mlnlnir . Did Ask 31 .36 SI .84 111 .42 OS .10 21 23 .OH .11 IS .20 l'l 1 :s .01 .o .()- .n.i .os .10 01 ,oj 01 ,0.1 03 04 oj .11.1 on ,ns 00 .10 20 .2.1 4.1 ,A2 01) .15 RAILROAD EARNINGS .on 22.00 21 so 22 .1:1 22.n.- 21. SO 21. SO 21.110 21. .VI 22 30 I, .ill 21. Sll Jl 00 -11.04 21. SO '1.111 1.30 Derember March 21 20 21.30 20 SO 2(1 S4 May 20 SO 21.03 20.7.1 20.74 PITTSnUItGH AND I.AKE ERIE 1010 Increase Mav cross Jl. 034, 044 J089.404 Deficit after taxes.. 17.V.032 1,155,321 Net oper deficit... 173..144 1.14T.0H8 Five months" uross.. 11,480.252 170.031 Ilalance after tajea.. 70S.007 2,214,8lt Net oper. Income.. 622.333 2,242.040 wkst junscr and seashoue . ,n.. nnn tCOT onn i.n t.n , r ,, -, ., ,. , I., I, IT hi"'" t. !.... u.. ...'.' ,!, 0l New lorU, June 2.S. ("old com to . Deficit after tax . 12,401 n.'.-t02 linrii ! Net oper. nettcii ..i.fisn 12B.41B I Klve months" uross 3.8UO.II37 834, .128 foi 1 Deflclt nflcr tax. r.47.32'1 3nO,41ft I Net oper deflclt. 032,001 32I.04T J Decrease. Withdraw More Gold for Spain the amount of ?0.1(,i,000 hns withdrawn fiom the subticusury shipment to Spain. HI. I.ouls San Frisco l'lttsbursh. I Detroit. . naltlmoro.. N Orleans 5"da?sCtt.'5:410.433,011 J4.702.338.400 13.2 3 d.0.'""- 002.471.034 T70.278.U47 1-28.8 07 'v, 07 Cotton Buyers and Sellers New York, June 2S July New man bid ; Sigel and Huscll offered. September Hicks bid; V. Oumocns offered. October Ilrooks, Schley, Newman, Itountree, Munds and "iVnchs man bid : Wntkins, Hopkins nnd Hart lett offered. ' December Hopkins, Watkins. Brooks, s Newman and "iVochsmnn bid; W. Otimoens, Slack and Walsh offered. .Tniiuarj Schill, Klinn, Sellar, Tirooks and 1'nrrott bid ; MeKenna. Hagedorn and Iiartlett of fered. Marcli Watkin. Ctippln and . I nit Cigar St 171 h 170 Sellar bid; Newman, Hjman,. Judeou ' I nited Drug 10V 130 and Figgatt offered. d0 2d prcf,.. 120 120 So Pacific ....107 100'j's ions', 1 I IMIU.OUW, wimn pa uiuny onsets uie uc Southern It It 203, 20V. 2!)i... I crease in uihs nuuu. 07 V, Hatio of total reserves to net de- was .1.. .... u..iM.iV' iftTi'. 111.-.1. in-.i. i. nosit of reserve note liabilities Stutz Motors .. 7II-T, 724 73 1-4 ' "5 -er ,ccnt a,s 1t0Jnparc1 wltb '11,4 Stop Steel .... ir. "14")'t 44-1, it j per cent the week before. Tinn C i!c ('.. 13 13V. 13'4 K ' .T7TTT Texas . 1'ac. l!3"-i 02 02 I MOIMfcY-i-tlMOINa RATES Texas Co 270 20! 270 Tobacco I'rod 114V.. 112', 113',i2 do rts 21 1S 21 4-2'4 Tiansue-Will. 57 57 57 1 rnion Pacific. 13.'!7,i y,siH ifBSU do pref... 72- 72"'l. 2 !4l I nit Alloy St 53 52Vj 52 '4T 170', -y, 130't 120 1 PHIuAl'ii.1-' ni. call, 0;?i per cent; time, 5i 0 per cent; commer cial paper, three to six mouths, 5V4 5'2 per cent; six months, 0 per cent. BANK CLEARINGS iiat larlnim todav romnared with cor. ....nlnr day last tun veara: " --" - 1810 llllS 11T Phiia 1 .(ti.oi7,iha sna.fl.m.sns $38. 700.372 Hoiton "IO.10T.aM 00.472.208 f.o.8,01T U, V,.,..Til,K.5 71T.VaU.ltii 703.032.Slvl 474,312.03(1 1.0 343.30.1,813-1- 1.2 3(1.1.431.100 5.11 141,1118,804 111.2 121. .1113,238 3.2 113,1188.072 12.2 122.447.27'! 4.11 .14.000,010 411.11 .13,440.0.111 11) .1 44.448.30331,1) INVESTMENT BONDS WE OWN AND OFFER FOR CONSERVATIVE INVESTMENT, HIGH GRADE RAILROAD AND MUNICIPAL SECURITIES, YIELDING FROM 4.25 TO 5.50-. ' Brown Brothers & Co. Fourth and Chestnut Streets new york Philadelphia boston HTKAiisini- NOTirn KTK MSIII1 NOTIflM 0tiLl". CJ.l'.f4"d8,007.545 J5.472.01T.410 17.1 All cities, ft , nnA -.a ftiojin r. l uay ... i.o.m.-fi.""" ..m. -"- -.- Tto'r" "v"ekl7.f7'30.182,238 10.070,032,108 10.2 FOREIGN EXCHANGE New Yorli, June 28. .The announce ment today on tlic signing ot the peace treaty foiled to have appreciable ef fect on the foreign exchange market. The tone was steady and business was iu very moderate volume. Quotations were: Demand sterling 4.501., cablesi 4.004 ; franc cables 0.43, " cliecl-H 0,-15; lire cables 7.08, checks 8.00; Swiss cables 5. 40, checks 5.42; guilder cublcs 38 15-10, checks 38 , pebetaB cables 1085, checks 10.75; Stockholm cables 2."i".f0, checks 25.00; Chrlstianla cables 25.00, checks 24.80; Copenhagen cables, 23.80, checks 23.00. Ituble notes were nominal at 10 nuti 10'. Vacation Trips by Coastwise Steamers "No better way to put mind and body in perfect health. Exhilarating days and balmy nights. A restful and invig orating voyage. Fares include meals and stateroom berth. Excellent rail connections to and from all Southern points. OLD DOMINION S. S. LINE, for Old Point Comfort, Norfolk, Newport News, Richmond, Va., nnd all points South. Leaving daily except Sunday from Pier 25, N. li., New York. OCEAN S. S. LINE, Mondays and Thursdays at 3 P. M.t from Pier 35, N. R., New York, for Savannah, Ga., and other Southern points. SOUTHERN PACIFIC S. S. LINE, Wed. and Sat. at 12 noon from Pier 48, N. R., New York, for New Orleans, La., (3ulf Points and Pacific Coast. For passenger information and reservations apply to Con solidated Ticket OGces, 1539 Chestnut St., Philadelphia. Phone Locust 5800. 1. J. BROWN, G. P. A., Cotilwl.e Sltim.iip Unci, Pier 49, N. R., N. UNITED STATES RAILROAD ADMINISTRATION Director General of Railroad r -i I s- ,