ymuimfim f ".& "' i- ' rt 5o EVENING PUBLIC LEDGER PHILADELPHIA, MONDAY, JUNE 30, 1919 ft ft Iff 1' fo & i a h IS tir. UK fc s '" :'U to, :4 '.' LIBERTY BONDS BOUGHT and SOLD Any Dronrnlnatliins Samuel H. Phillips & Co. BtTT ClIEHTNUT STH1TET. nia b Member rbUitdelpMi Stock Hichants $50 $100 LIBERTY BONDS BqucniANDsou Biddle & Henry 104 SOUTH FIFTH STREET Utmbars PhlUdslphls. Stock ttxchanc. FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS NEW YORK MARKET SHOWS UNCERTAINTY AND DECLINES Active Issues Yield Following Some Strength at Start Money Tightness Becomes Influence Late in Session FINANCIAL Manner of Exe rrUlne iibrrlntloii vr jimarr or "rten lork .nares. To the Holder, of "New York Shares" and "American Shares" representing ROYAL DUTCH COMPANY Ordinary Stock: June -" toir Wa are odvlitrd by cable f hnt minjert to tha approval hv th elmrehol(lrs of the ftoisl Hutch Company at a a-mem! mret tur to be heM In Holland on June 30, lull, the JinMrii of outntundlnT Prdlnart Pbnre re offered the rlirht tn eubacrlhe hi par lua Matnp in In HolUml to erne hxr of new Ordlnar Slock for each 'our share of stock held The new stork to be eubcrlbnd for will be entitled to the dividend for the fiscal year of 101!) (parahli In 11110) We re further advise,! that the final dividend for WIS haa been tlxed at 55"?. and that the date for therament of thl dividend (on the old stock! win be the ame n the dat for the pajntent of tne eubecrlptlon In Holland on the new etock offered Thla date will probablv be Julv It HIP In Mew of th fait tht ubrrlntlni ap. plications mut be tiled In Holland between June lft and Julv 4 Idl'i. and In order to protect the rluhte of holder of "Vew Tone Shares' and of "American heree" ne hae taken step to file application to eubecrlbe to me new etock to which all or the atock de. Posited with u midfr the Breemente of September 10 M1H femertriir "New Tork Miare ) and December 22 inl. (coverlns "American Share" l entitled I I'rltllece a " I Trrriferable warrant will ha I,,.,, ia ! the holders of New Tork Share of ' record Julv 7 loin - eoon thereafter a I prsctlcable entltllra- Ih.m to eubcrlho to new Vew Tork Shares" at the rate or cn "New Torlt Share" for each four "New York Shares ' held on the record I date . Subscription payment mut be made at the orIre 0f tn underslirned at 37 Wall i Street New York ("Itv on or before the cloe of bulnes Julv I?, 11)1(1 The ammmt per share to be paid will be fixed at the time of Issuing tht eubcrtp tlcn warrants Thl raMnent will Include the subcrlptlon price plu taxe expenses I and fee for dpolMnFt new ordlnarv stock I subscribed for under tho "New York ' I Agreement and will probablv he between I M 7fi and 14 00 on each old "New Tork Share " Anv exce of this pawnent not ( required for the abme purposes will sub seQuentlv be refunded to the subscriber It Is Impossible to fix the exact amourt of tht payment at thl time an this depend j upon the rate of exchange for KUltder and also upon Iho cxaci amount of the ex penses (tanner of Kxerrllne iihrrlptlnn rritlleee ' r Holders of "American Shares." ' Owlne to the fact that ndilltlnnal American Share" can onlv b ImuM against the actual deposit wiyi the tie- . posltary In New Tork ritv of Roal Dutch Oompenv Ordlnarv Sub-shares "merlcan" I Shareholder iiUlilnr. to mall tliemselre of the ubrrlptlin prlrllra and to rerelte their new tock In New York In the form of "New York shares" mnv do o b ex ehansinc their present holrflnsa of "Ameri can Share" for "Vew York Share" with out cost to them, at the orrice of The Equitable Trust Company of New York I 87 Wall Street N w York Cltv on or be fore Job 7. 1919. Otherwise transferable warrant will be Issued to the holder of "American' Shares' of record Julv 7 min n Knnn thereafter as practicable entltllnjr them ' to subscribe to new Roal Dutch1 Ordinary Sub-rhares nt the rate of one I such Roval Dutch Sub-share for each twelve "American Shares" hUI 0n the , record date We recommend howecr that holders exchange their "American Share" for "New York Shares,' 0 that there mav I ultlmatelx be only "New Tork Shares" outstanding The "New York Shtres" represent exactlv the same par xalue of I Royal Dutch Ordlnarv Stock as the , American Shares The "New York" Asreemtnt Is more elastic In that it make possible the Issue of "New York Shares ' ' iKatnst the deposit of Dutch Stock In ' Holland thus eliminating- the ncreslt of snipping ine uutcn stock to New City High Points in Today's Financial News First full session on Now York Stock Exchange, folowing signing of pence, was uninteresting and movements were generally narrow, showing that official end of war had been discounted. Activity marked Curb trading, but prices inclined downward. Corn reacted after scor ing substantial advance. Cotton was firm. Foreign exchange was steady. Philadelphia bank clearings this month were reported the largest since October, 1918. The weekly statement of the Philadelphia Clearing House Association showed a decrease in lonna. Bar silver was slightly off in New York and London. I N1EW YORK STOCK SALES Sen orli. .lntio 30- The stork market allowed a cptionilly uncertain tone nil thrnugh the flny, uitli tho loading stevk'" in upp! iluriiiK the greater pnrt of the time, inol of tlio nrtlve imips stioniiiK !o"-"-o from ,a xluirt ppriml nftor (lie opening. I tiitrtl StntrM Stool was in riVmnml in the rarlr trndinx. ndvaurins to IdS'i,, b,t ; ti0 afternrmn diopprd fo 107'i. Htid otlier teol Industrials nfteii in the sninf n,v. .Mntiv of tlio tool pppfiRltiea woro bid up b.r pools and rotntiiniition and some of them were Furred to now liiRh recortls. Aiax Kiiblior hold tirt placo for a timo. niovins up 7 point' to 100. but Iriit part of thl" Rain in the Inst half of the day. 1'nitod States Rubber was another strong feature, advancing nioro than 3 points, and WiNon & Co. was in urgent demand, advancing "i pointy and more to 10'J7S anil iiNo making a vow high record. Industrial Alcohol un the weakest of the industrials and. after ad vancing 'J point to l.VJ. dropped to 14(1 on reports of new financing. Corn Products mndo a new high record, selling at M3S and holding its gain fo a grout extent all through the daj . Copper stoiks showed strength in the early trading, but vere heavy toward the close, ome of these issues declining - to 3 point". The lute market was directly influenced liv renewed stringency in the call money market. Ilaldwln I.ooomothc was a strong feature in the early Mailing, advancing to lOO1,.!. Texas Pacific was u feature, advancing more than 3 points to nbove (ill 'lovermnent bonds were steady, but with some of the Liberty issues showing gains. Hallway and other bonds were quiet. FIRST PEACE MARKET CURB TRADE ACTIVE, IS WITHOUT FEATURE lllffh T..OW Close chlta Adams Hxp .. r." r.3 r,'i yt3 Adv Rtimelj- .. 441.. 4ju UVt V "l" Pref 73-1, 73tf 7371 A lav Unhber .100 1001', t o.l Vi -f-4 V Alaska (lid M.. 3t', 3i(, 3Vi-f Alaska Juneau. 2V4, 2 " ,. Allis-Chal Co. 4."i, 44 4i Vi i!n pref IMVh 04 D4, s Am Agr Chem.l0! 107'i 107K 1 Am Ileet Sugar R0 Wl " Ml'.. Am rtoscb 103 " 102 102 14 Am Can CO, .17 00 -f.2"s Am C i P Co. 1111, inna, 110V, Am r'olton Oil (1211 (Kit, 02 4- , Am II & l.tlir 34 XI L. 31 4- :'s do pref 1H1', 12SVJ 12S1.. Am Inl Cotp.,1111, umvi Hm?i v. Am Ice Sec .. (141. .. (!4i-i 04' s 4-2 Am l.ooo .. . Mn, t,7 " n-f21, Am Mnlt pf . . (Ki (1.1"'i (114, Am Snipllitig . 4i, 'x, ,VJT, Hi Am Sum Toh.11.TU 112 1 lii', ', Am Sleel Pdr 42'... 42 42K . Am Sugar 133 132'i 1321-. 'a. I Am Tel ,. Tel 10.1U 10.1 10.1' s U .mer Tob pf , . III! 'J, MM ', 1111 "-f- BUT TREND IS LOWER Undertone of Strength Appar ent at Times, but Movements Are Generally Narrow United Retail Stores and Some Other Groups Gain on Good Demand 1 Merit sales today on (lie New Exchange totaled 1,12.). (Kin shares. York York (his I New York. June 30.- The New Evening Sun's financial review afternoon is as follows. So far as any outward manifestation new Am Wnot li" do pr 100 A Writing P pr .12 Am Zinc & Ld 15! ' I Am Zinc & I.pr (!1 I Anaconda 74 'Assn. Drjgoods. iVis; Atchison 100' ) do pref . . . rj All Ovist Line. 101 Atl (ilf & YVM74 Raldniu Loco .107' Palto A. Ohio. 44 ' do pref . . . .V! Harre(t Co. ..133 .Ileth Steel R.. W, do .. pc pf ..112V, .P.kn Rapid Tr 31 do ctfs . . 27 Ilooth Fisheries 22 '; Rurns Uros .1i12 Rutte C vt 7. C 13V, iPutterick Co. . 34 (llutte & S Cop 2!l Caddo Cent Oil 44 Calumet A. A 0S"V, Cal Petro . 34 4 1 do pref . 7S Cal Packing Co (!'!, 1 Canadian Pnc 100 Certain teed Pd 42 Cent 'dy Co. . 2.1 "tit Pv Co pf . . .14"; Cent Leather. ..10", Cerro de Pasco, (lit, dies Ohio.. 04', 1 Chi Of V'est.. 0 Chi Ct West pr 20", Chi M A S P. 42 C M &. S P pr 5i; C RI4.P (1 p pf (14 V R IA.-P "nepf 70", Wi US' iosv, .11 22; 00-; 73 1 in1, 10!1 .. .11 23 00; 73 1 100', KIO-i- as s.-i sr.'i 2 101 101 .. 173'.. . MlKh Pressed Stl Car R(l Ry Stl Spring. 02- Tay Con Copper 2104 Reading RSU Rein Tj pen ... 77 Rp Iron cl Stl 01 Rep Mot Truck .12 Uoynl Dutch... 114 do hpw 113'Vt St Joseph Lead 70 St L S V 22 Sloss-S S & Ir 73' 2 mui'iair xiii... ii. vi I.ow 8.1 02 2JV3 80 77 02 o2 Net Close chire. 8.1 V4 02V4 '74 24 Va 87U 77 2 !2',, i vs 'rs Philadelphia StocJta J 111H lltTA lll'i 112 70 70 J 21 21 71 73 .. tm"- 'iy' Southern Pac. .1001, 10.1 100 20 0014 14 Southern K II. Jt-"4 do pref 00V.J Slnndard Mil pf 03'V; Slrolnlierg Car. .11 Studebaker uo prei 1 1 iw '1 Stut7. Motors.. 74 Sup Steel 4.1V, Tenn Cop & Ch 13ij Texas & Pacific 07 Texas Co 270 Vi 20.1-Y, 2(IS 2 Third Ave It R. 2.1'A 2.V, 2.1'4- ', Tobacco Prods. 11.1 113U 114 Vt do rts 21')!, 10 21 . do nref 120 1111 120 4 :n 0(1'. (13- 03 .13 .13 , lOin, 102 103 21 ' 100 10014 vi 1 72'!. 72 1 44 'A 14 Vi 13 13- inn. c.n 14414 Traiisue-Wms.. .101, TiOYi .10, Cnlon Pac pP.133 1204 LY-1 n0 Am Strs. 33 3.1 Am Oas. 73'i 10 Bait A fj 43 GO Brill J O pref ... 82 SI Cam Iron 40 20 Cub C R 30 7700 Elec Stor 80 'ft ' 20 Oen Asph 73 I 1G0.1 Key T Co 15 Vi ' 10.1 Lk S Cor 10 Vi , (11 Leh Nav (18 227 Leh Val... 53 ino renn Traf. 2 87fi Pa R R. 40 300 Phila Co cum pf. .'IS'Ti 200 Phil nice 2.1 000 P R T tc 28 0 Ph Tract 00 100 Roy Dut X Y ...His;, m lil fiGOTon Bel. 3 3 3.. -00 Ton Mln 3 3 3.. 7 Tenth Nat Hank. . . 12.1 12.1 12.1 . . 271 U C, I.. 0S 0SU (J8V4 Vi. 10 V H Stl. 108 108 10S -7i 50 War I &H S X S . . 5 W J & K 42 42 42 Net Lovr Close rhe 31 33 2 U 73 73 Vi 43 43 78 82 4 40 40 30 30 1 88 80lU 73 73 14 1.1 'A in in.. GS 0S 53 G3 2 2.. 45 43 3,iy, 3.1-y, ft 2.1 2.1.. 28ft 28ft U Oil 00 173 104 13 .1(1 133 SOft 112 Knit Allov St .13 Cnit Cig St.. 171 Ctiited Drug.. 130 do 1st pref. . 53L j do rts 1 do 2d pref.. 120 t'nited Fruit.. 18.1 Cnit Rv Inv.. 1.1 I3U , fa pref.... 33U r'r It'Si'IPiF 311ft I I do pref 70 Mlft 1i y s j,,, Alcoh.1.12 112 V, I r- s Rubber... 13! 100ft -2U - , Subsrrlptlon nayments must he made et tho oltlee of the undersigned at .17 Wntl Street. New Tork Clt. on or before the cloe of business Julv 22. imp Holders "Of '"American Shsre" upon mnklnir rmv- New York. June 30. The Curb mar ket while fairly active was generallv lower but some groups voro in good de mand and n few issues made material gains. t..:t..t yi-.-ji r,. . - . 1 i.:i- .". . uiiru iv.'iiui .-Mores was one ot the ' v oppcr . -i"j strong features, early ranging from 8." fhino Cnn Cop 47 to SO and reports about n com.',.,, r... . Clnett Peabndv 7n; was to bo discerned, it mattered little ' organization plan was responded to with M "' P"' & Iron 4fl'j to Wall street that the world has re- brisk advances in the llmana tobacco 'ol !ns 4. Mice .10 sumed a status of peace. The pew era. , i'sties. the common moing up from 3 1 ('ol A- South. . 2.1 stock market - w ise. Mas entered upon ' f0 4' and the preferred ndwinoing from 1 Cons Cigar... 73'j today in the most lethargic fashion. i!1 ,0 12. 1 do pr 8.1 1.. Trading wns broad, but not particularlj 1 Petroleum stocks were irregular, with Consol Cns .100 animated Prices nere heavy at in- Ten Proilucing anil Refining attracting ! Conl Can OV, tervals. but there were times when sub-t m0,,t attention because of an adwinoe , Cont Cal 1fit, stantial appreciation in values n,n s- a pw high recoid. on the an- Corn Products. 84'', York I quite general. Throughout there was n nnuneement that the new refinerv nt'f'rucible Steel . 0.11', consistent undertone of strength which rt North will lie completed and Cuba Cane Sug 37 operated in ten das. ,i0 prpf ,. .. S.I Allies Packers was steadj. selling at Henv & R (i pr 12 0.1. AmericJIM Writing T.. .... nrt.o Ti,et 1?tl.. 1 . . . ".H 1 oj.r M1S "' - gave s-onnt encouragement to the boari and left many of the bulls in doubt. As it turns out. the market had pretty of the floor traders who appnrenth are 1 biding their time until something turns up to start the ball rolling afresh. But I n dull period is looked for through July. nt least, a relntiveU dull one. .ileaii mnt of their hUbsrrlnttnni wttl n.e.,1 wlpts ntitllnc them to Ortlerx n Hollnnr. caltlnir for dellpry of Tloyal Hutch Sub pharrs fn Holland upon surrfndAr of uch Orders The h mount vr ohar to h pairl will b fixed at the tlm of Is-mln the ("uhirrln tlon warranto This pavnnnt will Include the fubscriptlon price plu- taxeH nnrl ex penses and will be approximately the nm the amount to be paid hv the uh ncrlbera to "New York Bhnree hut will pot Include anv chante which mav ube ftuently be made bv our rorreepondentu for flllvrv nf f ho Siih.ithj rn tin.m k ... .. render of the Order In Holland i while atntinn considerations have come Fln,i.s?l,i?f.nJI 'i'r If!1?' . 1 to the fore There was moderate, This dividend will be paid to holders of ' , , ,, , l "New York Share" and of "American I strength at the opening followed by n ftt'er'ju.vrinlt. Practicable8 The j Wwl ot mM "ra"0rti0n"' I amount of this dividend will be announced! Steel dropped nwav more than one I ?n..lt"w.r.ab?enJa.l2d100nVanwh,nDinlSpoint from its top price of 100ft. but I tax ownership certificates properlv e.lied partiallv recovered and then virtunll.i I out have been filed with the underwit,, , , '.,, m, . . Special Attention Is Callc! to the Followlne- !,t0'1 s,ll! Th" equipment shares ere 1. The foregolnK is dependent upon r,or" , in demand, especinlh Americnn Loco able action at the general meetlni: to . , 1 -i be held In Holland on June SO 1010 motive. A report a heard in the " VonlDS.Vh'oVilTe'.V'1 ,hat nal,1"in hud PUt tUh "! ued and no Orders on Holland for h'uh-, big real estate deal in Philadelphia. v?.anhrtthenoy"aT'As,ennt,hj; bi" "ot ' " i'h the intention of concentrating on1 lainea 10 wie aueraiion ot the statute. ' tlio ilove onment of the r;(l(lVsIone p llllt With the nrnnn.n ...,- I ' I That stock went up over a point at tirst. 'well discounted the signing of pence, traded in at 12. Clinton -Wright Wire Kndiontt John'n 83ft The public withdrew in the process anil was steady with sales nt 3ft U, to 30. Klk Horn Piiel. 38 lias not come back in again as jet. The I Martin -Parrj was one of the strong Lrie 17ft result is that trading is in the hands j features, selling nt 20, to 30. Fiek'PiB''er Bodv .. 81, Rubber was traded in at 3.1 to 3.1. Freeport Texas 4!V, Sin old Tire xnld at .18 fn .',), p 1 Famous Play...lJ0 York Savold nt .131... and Ohio Sauild at ' do rts . . . 1. 31 to 311,. 1 , ... ...., ." ,, ' I Cnstnn N ms Hi', wuer-. ontmental Rubber s in fien Cigar Co K.M..1 iieiiiunn, selling nt 2.1 to 2.T,-,.f;Pn P.lec Co..1( """ ,' ,',!so M.M S"'l'l t " tolfJeueral Motors.237',. . .., ,-iim unr viun soul at ,7 to .17ft . Submarine P.oat raDged from 10'i to IM. -ll.l.MS .82 j ilo deb . . I do pref . . ' fJoodrii h B do pref . in connection wun tne proposed stock Increase, as the Koyal Dutch Comoanv reserves the runt to return subscrip tion payments In case of failure to ob tain Royal Assent In this event upon aurrender of subscription warrants we will return to the subscriber 'the amount paid Ins tha proportionate amount of our expenses actually Incurred In this matter 3. Fractional scrip certificates will be is- sued for all fractional Interests THE EQUITAMT.K TRUST COMPANY OK NEW YORK. Depositary under Agrsementa dated Decem ber 22, 1B1H and September 10 f18 rillLADELI'HIA WESTERN RAILWAV 1411 Chestnut Street. Phila.. Pa. June 16. 1U19 TIM Board of Directors has this day de clared a quarterly dividend of one and one quarter per cent OVi'.), on the preferred stoek ot this Company, payable July 15 1910. to stockholders of record on the books ot the Company at the close of business June 0. 1019. Checks will be mailed. GERALD HOLSMAN. Treasurer. Dividends Aetnrt 1-xplosne Amer Hrlt Mfn A rnT M .r. ml Amer WrUlnir Paper I .vii 1. function t'linaillnn Car Co 1 Can Cnr F pf . Crncconl Iron I hntrolel Motors I ( ramp Curtis Aeroplane . arwen ,001 Carbon Steel . Ktnerenn 1'honugraph He.lee Mrc I.ehlKh Coil Saea I.lma Coco Maxim Munitions N Y Milpliuildlne Nor Amer Pap Pulp Otis l:lentor I'eerlew Motor Poole Km? Srrlppe:-Hooth siandanl Motors Steel Allo.s Submarine Tohb Shipbuilding . Trl.mcln film 1'nlled Profit Sharln? I S Stenmshlp I'nlleil Motors World Film Wrlitht-Martin Air .. . June 2fl. 1010. United Gas & Electric Company HI Droailway, New York The Board of Directors have declared the regular semi-annual dMdend nf two and one half per rent (V4A) on the nutstandlnc preferred capital stock nf the Companj pay able July ISth. 1919, to stockholders of record, June joth mm Dividend checks Will be mailed J. A. McKENNA. Secretary. THE VVIIXIM CHAMP 4 sons SHU' 4 ENf.INK IHIIDINU COMPANY rhlladelphla, Pennsylvania June 2flth. 101O DIVIDEND NOTICE The Board of Directors has this day de. dared a dividend or S. payable AuKust 1st. 1019. to stockholders of record at 3 p. m. en July 21st. 110. The transfer books of ths Company will be closed for the purpose ef this dividend from 3 pm. July 21st until 10 a. m. Ausust 2d, into CHARLES T TATLOR. Treasurer reacted about the same, and then raced forward to aboo 107. The copper group was soft and the marines were little better than neutral. The motors xhifteO about a good deal Industrial Alcohol was weak, as was to be expected with prohibition looming in the immediate foreground. American Can. Central Leather, t nrn l'rodncts. refining. Goodrich. Wilnn & Co. and United States Kubher were bid up in good stjle. also International l'aper. Allis-Chalmers. Kelly Springfield nnd so on. The rails were almost wholly neglected and but slightly changed. Aside from half dozen features of strength, surface movements in the last hour were variable and reflected little initinthe one wny or the other Trans actions exceeded a million shares bv n modest margin. The late advance In call money rntes to S per cent for mixed collateral and 10 per cent for industrials ennserl some unsettlement. but case was it pronounced, indeed the clos ing wns generally firm Texas Pacific JJn'uR'nn,n U (JO was one of the few issues that I sapoin nnninir were really strong in the mil list, al- $r oil though advices that tne rresuient wouiu oienrok sitrn the railroad bill create a somewhat that quarter. Iloth call and time loans were scarce- Hid ! ,1J 5o B 230 140 IS . .1 110 :.? . S7 71 ' 42 . -1 . sa SmI Ask in s n 00 s 300 141 IS 5 IIS 20 on 73 rlo-M (nalel 9 ("iranby Mining (it North iif. . . do Ore subs. "rone-Can C. Haskell 4. Bkr. Inspir Copper. Interb-C Corp. do pref no 04 103"s 08 07 17 4.1 (14 3', (!4U. 30 30 v.-1 20 20V, '! 1 L'i-', 21'"; i 1.11 1.11 11-0 13 13 .. ; 34 34 i 27i, 2S-ft V, 14 U; 44-ft-l- H (i8t, r,si , ins 34ii 34Vi , 77 7S -V cm, cm, f. t4 i.isi, i.-,n 1 42 42 4 ! 221, 2.1 --2 i .10T, .13T,3TSI 10(!3S 10C,-N I 02 (12 2M, ! (14 1, 0414 I, ! fl i, M 2(l 7, 113, 41ft- V, 08 (is . 01 04 ) 70 1, 7fii'4 I 27-"s 277s V, I Ill's 4(P- i" 87ft 87ft ft 48 48 m .18i4 .187 a,, 2.1 2.1 1io, 72 72K 7s 8.1L, ,8.1 U 1(, 100 100 ".. "I fl.1 D.11.. 1!. j 1.1' 1ll l S21, S4V, 3 033, 033, m 3.1 7S 3i ...4 34' SP; 84 ft.. 111.. HI, t', 13U 131,- li 80 83 3- 1 371-. 381,4-1 17 17 81 S1H 3' 483, 4n v4 100K. KlOU 1 , 1 " 1 . I 301, :MTvs s 711 0i4 1' 10.1 10.1 Vi . 2311 , 233o-r-24 no no . . 1 'MK 043, .. I SOL. 80 1031', 103 V, 1. I (1.1 0(1 3 I 00 00.. 4(1 40 44 44 Vi ! 03 03 1 Wl ion 120 r.2U 1 120 18.1 14 3OV4 34V's tnv4 14(1 13; 01 10!H2- 130 -.131 2 1.. 120 0 W, V, 1.H4 1U 32ii2l. 1 ."..13, Vi I onVj 's 140 3' l.siR-t- -n , 17 West C.. 74 830 IV Cra'p.147 P.t dilldend. 74 143 74 140 2 Total sal's IS, 174 shares .033 shires Saturdav. compared wtth Close 0.1 Net chfte. -4 102 V vs. do 1st prcf..1l0V lldVi 110H V S Peod Prod S0 70 7n V S Sm & Hef 6Si, (17-ft 07ft US Steel ... ,10,8ft 107 V, 1071A do pref IKlVt 11.1 ll()'4 Utah Copper .. 00 Vi SSi Utah Sec Corp. IS IS Vn-Car Chem. S2 Sli.j do pref 11.1 11.1 Wnbnsh 10Vi 10 do pref A... 34 3P, V Marjlnnd .. 12V, 12".. do 2d pref.. 2flTs 0Ts West Pac .... 22V: ij West I'n Tel . 88 Ssft 80 18 V, 81V- 11.1 Vt love Vs 1 ntlNDS Hlh Low 0.1 ni 4- Pco Tr 4s.. 0.1 03 1000 Kqult 111 Cias ns,102ij 1021 3000 I.eh Val 6s ,2R..101T!i 101 101 V8 10,10 Lib Pond 2d 4 Vis. 03. SO 03.00 03.80 .20 850 3 i.s... 00.00 00.00 00.00.. 1700 3d 4V4s 0,1.1(1 04.80 04.80 .36 1150 4th 41,4s 01.10 03.80 04.14.. 200 Vic 4-fts. 00.00 00.00 09.00 .30 ouui) I'll to tem cts4VjS 03 0000 Phil Klet 1st .Is.. 00 40000 Un Rwy ELECTRIC STORAGE BATTERY ADVANCESTO NEW TOP LEVEL Makes Up Bulk of Business on Philadelphia Exchange Amer. ican Stores and Cramps Also Turn Upward on ihThnt.Pit,,Jai' an """"ii'lr '"Re turnover ot Electric Storage Battery stoclc , e il'iaelphia exchange today and Its price wns carried up more than 1 point t t tW .u h'T''C0"1 ,Pvf,l "f RV4. This movement attracted virtually all in to 11 , maIie,' in'1 while no special news was forthcoming in the Street (L t .!! . impression prevailed quite generally in brokers' board rooms wini further buying for du Pont-Ceneral Slotors Interests was responsible. iroiit-taking caused a setback from theton nfter the first hour, but a rally that price carried the price up to 80 nud the stock was In good demand at at (he close had recovered to the high of the day. American Stores, which attracted considerable attention by beet later and 'Wiicricnn stores ,.l,t..l. .Mn..,..i 1.1 1.,. ,1 1 1 i- -- 1111 ? 7lonB "rnr ""J 'ml of last week, became promineuf again by moving "I -A points on a fair nmount of business, and Keystone Telephone showed an auvnnce following a fractional decline from Its high level on Saturday after announcement of plan, for increasing rates 20 per cent. -transactions in other issues were In moderate amounts, with changes mixed ami generally uninteresting. Inceptions included n 3-point ndvance for Wll- m ?"!", "i-'i'lentes. a loss of for General Asphalt and a gain of ior 1 niiatlelphia Company cumulative preferred. Philadelphia Electric was sieauy and Hapid Transit certificates and United Oas Improvement were slightly' lower, the latter after the deduction of Its cnartcrly dividend, en ft ,nn,'vl'nnla Hailroad came out In fair volume, but closed off a email traction, and Lehigh Valley and Baltimore and Ohio also showed declines. "teel common was extremely dull hut was firm. Jiond business was without special feature. Qranby Mining Passes Dividend JffW. .I'.' ;Tun '!0'-fanb.v Con Midntrd Mining. Smelting and Pro ducing Company has passed the quar terly dividend of IVi per cent on the. stock, due to the oontinuation,of strikes n the Granny district, labor conditions In general, nnd peculiar conditions in the copper industry. Government to Sell Platinum Washington, .Tune 30. The War De partment nnnounces that it will dis pose of its surplus stock of platinum for ?10.1 per ounce, aud its Iridium stoek at $200 per ounce. Sales to be made at Assay Office, Nev Tork, Mini mum sales of each metal to any one will I be ten ounces; maximum, 1000 qunces. , West A P.kc.123 123', West's Mfg White Motors do rts Willys-Ovid Wilson Co . , Wool worth Worth P 4 do pref li. .1(1 v.. o7 . . 1 '4 . . 3.1 ..102 ..132'.. M 81'fe . . 78V'o .10 .101 s, J'-' !'7 1301!. 80 781 j 31 12 20 22U. , . S83 123U .1ltH .101. IVi Js 3.1 Mi 101 4V4 1311 80 1 7SVfj ij Inv fis.. 727 03 00 71 03 0G 72 2 i,i 4 lZ ' T..tHl sales -a j 000 Saturdd U I Ji2.S0"i. compircd wlth ll'l.- Local Bid and Asked 1 1 i islock with Total n.le rcporttd on New Tork ticker 1 U.'l V10 shr.s. compared -I CHI 900 shires Snturdm Ex dMdend Allls-Ch ilmera Pr''frr'd; 1 1 per cent Atchison preferred h P1;' lent Atlantic llulf and -t Indies. Knnns C'ltv Southern nreferr d. 1 per ieiH. Mai Andrews A Forbes 2M1 per rent. J'"0: Andrews t Forbes preferred 14 Per cent. 1 Mlchlcnn Central. 2 ner cent National i.ie' merlcan Stores Ilaldwln lluffalo & Suq do prffrrcd Hrlll J O Cramp t c . F.lectrlc Stono rieneral Asphalt do pref.rred . Keystone Tele do preferred Lake Sup Corp . . I., lileh Nrvlrntlon l,rhlTh Vellcv Lehlch Vil Tr do preferred Prima R H rhllii Elettrlc . Vhl n Co .to p c pref rin fl n r prrf ruin 11 1 Tod tv Hid ek 32 10.14 71 'i r.i's 14 14S sos 73 101 13 an' iom, . as 33 3n, im 101U 72 .I')' 4rt 44 ISO 141 snvg sm, 74 73U. 112 1.1 H1-, sr. 34 n M Mivi r.s'n 17 14 Ssturday Mid Ask 31 104H crull 1. ner cert. NlnlssInK Jllnes. lu l"r riead nc cent. Fulled States Independent Aleonoi Tonnaii p. imont preferred 1 per cent Wcstlnchouve l.lec- I n'nnnpah MlhlilB trie. 2 per cent. Westleshou.e Klectrlc nrat , Fnlon Trac'.lan treferred 2 p. r cent. j L Ci T It K Steel Vork all.a . do preferred Ex dMdenrt New York Bonds 4 -A, 2,'.". 40l, . 30 . 33H S7 3H . 3'4 - 1S no 1074 Sales In J 1000 1 Amer Agr 3s 220 Anglo-French 2 Am For Sec .is. . 44 City of Paris 0s 7 Inter M M (V-.. 23.1 Lib P.ond 3'.s. . 230 do cv 4s . 2 do 1 st 4s 12.1 do 4V4 s . . til do 1st 4V,s... lti do 2d 4V,s.. 1380 do 4th 4V,s . 400 Vic Notes 4s H.sh . on .Is 07 . . OOL 07 Vi IM, r,o. on 00 00 n7 .' V4 rio.e no 414 234 414 3." 33', 20 S74 3 34 301, eou 107 in 32 4il 14H sRH 744 13 33 20 s 334 17 2S 44 21U 40 32 3'. "SS, SS'i t 3N 30 COli. 108H 10 32 LOCAL LOANS DROP Reserves Also Desrease n Philadel phia Weekly Bank Report The average condition of members of no, 40 00.30 00.40 I the rhihdelphia Clearing House As.so 03.0,8 03.80 n3. no j eiation for the week preceding today is 04.00 01.70 S14.no I ,10lvn in , rekly statement, with n.i.14 n.i.iii) ha.iis) 00 nnvs 1 07 1 oVt 0.1.24 0.1.10 0.1.18 04.111 04.04 04.04 04.10 01.04 m.oo on. no oo.no no. 02 100 do 3s .. .1011.10 100.011100.10 2 Pa 3s '08. . . . 04 04 0V,U 13 U K of (it 15 & 1 r,U new M0 00ft 00tj. 00,l 10 do -21 ... 08K.. 0,8V, 08 10 do -37 .... ooy4 0!i onii Totil sales 111 3-,s (mo !4 2.W 000 Saturdn couipartd with . 2!li 03- 7 V. 28 - MONEY-LENDING RATES Vi i NEW YORK Monej on call, mixed 1 ", i collateral, opened (1 : high, 10; low. 0: ' . o. , i C-.TO. . ..i:..n .nA C Int II C (new 1.142 14(lVi 142 - I '- n- rlrr"- ",V -' '",""?, ','., .ln.,r(nei 1 1 ft U. 1 1 0i . 1 1 0U. -i- I.' 'per tent, inuusin.iis openeu ,.... him. 1 ' " - - ' ' . r , .11 . I..c 111. ..Imn.l 2 1V l-i IOW, "VJ. I.isi. 1". H...-1U. 1173. 11.1U. 117V. -I- i. 10V.: ruling rate w per cent ails n 03 Int Ier Marine ,13 an no 3-, no 04 7 r. s 1H 17 int, 12 117 1, 14 2s '.' 'i, 2', 3 i ' f0 A V l.TVI)KI oil, STOCKS. 1S4 ISs , .370 37-. Plpr 2S7 ..o. Lin do pref Internl Paper. . I do pref sta . . Irlt Nickel. .. Jewel Ten.. .. .tones Tea . Kan Citv Sou Kelly -Sprgfd . Kenne Copper. . "Kejet T & It . Link Steel . . Lehigh Vnlle . Lee HubberiT 03L. 71. 10i 32 41 3.1 3 120 42 104 80 V, 32 3.1 Cal Illinois Ohio Prairie i S O of a " or V , 1 S O of V Y . IMIKPKMIKNT t Hnrnett rill A; Gas . Commonwealth . Cosden & o Flk nasln I Federal Oil no i Internatlon.l Petrol Houston Oil vet retro Lorillard P pf..1S7 Macka 'Co pf 04 7ii 72- ?is 3'17 373 -i7" OIL STOt hs . . A i, 3'- 10 en' ' .3 31, !) JO Vi' 30' 1'.', . 2-. 301. ' Vt ",. 'io 'S! 1 not 120'.. 40 Vs 1033, 81'"s 32 341... 187 (14 8x 47ij 70 V4 37 V... 77 1 32 Vs '' 41 3 3.Hj3 23 4- 127 1 at sea tended better feeling Mivivr. nis I.. dire Boston and Montana rtutte New York Con Arl C V ft A .lernmc I ' "',', , First National y more than nominui. me iimuri ,. ,,n,,,, M,.,r newed nt 0 M'l (iVj Per cent ior mixen po n-m Florence and industrial collateral, reepectiveiy, nnd rulod at that level through the ses sion until late, when the rate ndvnnced The trading rate but . 7'. r, tocus 'A United Drug Company rirst Treferred Stock Dividend No. M The Directors of United Drusr Co hae de. dared a regular quarterly dividend of li' on ths first preferred stock of United Dru'I Co.. payable Aurust 1st. 1010. to stock holders of record July 1.3th 1010 JAMES C McCORMICK. Treasurer Boston, June 28, 1011), THE MANAYONK NATIONAL BANK Philadelphia, Juris 24. 1B1U. The Board of Directors has this day de- rlsrsd ft regular sml-annual dividend of X' nd n etrs. dividend of t on ths ranlUI stock payable on or after July 1st. sent, until which data tha transfsr books rill rttnaln closed. Dividend chtcks will be mailed. u. j. uunnio, vasnitr. i'J $1000 Invested In Gillette R at-Kk has returned over 1)50,000 s-lll be pleated to atve you data of ft which w think has better possl Iortnae railroad bond at price In rer 10, and teieral cuod stocks to inj& M: . n U,;. lAi0,iXUxliIl tV tU. . ir i' , to 8 and Ml per cent. for time funds was (I per cent, but no business was transacted bevond a few arrnugenientH for accommodation at nenrbv dates. This situation was whnllt in conso nance with the turn in the midyear, when maturities, dividend and inter est disbursements, etc.. must be tnken care of. Hack of these immediate ob ligations were the financing of crops, industrial and international financing, and later on the meeting of additional tar payments. These things seem remote to all ex cent the banks, which must benr the burden of them and must make their ar rangements far in ndvance for obvious reasons. It Is encouraging to note from the reports Issued on the latest call of the comptroller of the currency that the na tlonal banks have record resources ex ceeding 20.800.000.000. or $2..175, 000,.000 ahead of May. 1018, The in crease since AuKuat. 1018, ho been neurit' f W 000,000,000 Cloldneld Kewanae (Ireen Monster Itncla .Vlnlnir Howe Sound Inflrpendenee l,ead Jerome Verde Jim liutler .tnmho Extension VoKlnley Darragh Msama Cooper Mother I-ode Mines Co -f America Nea,la Mills Nevad Wonder Nlplsslna Ohio Coppr nay Hercules San Tn Toenp-ih Intension 1'nlted Verde w..r K-d Con 3Vhlte Caps . Terlnston noMis Bethlehem 7s ..,.. Cosden Oil i Cosden k Co fta Cudahv 7 Russian Onvl 34 s do (14 a ... Southvrn Railway 3s l I'. ?! sN. 3, 44 43 M 2 A & 44 4S .3 a H 3'.. 34 10 II fl.' H-. 3S 3S 40 44 SS 'i'i Manhnt Li... . Max Motor . 4s? do 1st pref. . 7(i4 do 2d pref. . 38 May Hep St. Mox Petrol... 180 183 Miami Cm Cop 2114 27 Mi.lmln Kteel fi2 ". M (c St L new M K Jt. T.... do pref Missouri Pnc . do pref . . . Mont Pow Nat Acme Nat Con & C. Time money was quiet today, with b per cent being quoted for nil maturities, j with very little money loaning at that , rate. The opinion wns expressed in money market circles that more time money would be available before the end of 40U, Ti i the current week Hie teenng is ini. 103 1'uith the turn of tlio half year, there 84.. I will be a more plentiful supply of time ,-,2711 n fnnds, although rates are not expected ;i4K,., I to be changed matet hilly. 187 2 j pHIIADKLPIMA-Call. .1 per "1 cent: time, .1iTT per cent: commer- 's t' ..Inl miner, three to six months. fiVl (ft! V ,1V. per cent; siv months. 0 per cent. 47-7o-i-37- 1 umi. 1081... mo v... 183 IV ' 0!L'. 1 1 -'71 '1 u,. t I r.i r.f - 1 -- - - -r - - niiii"" 10 1 c 1 a nY n n n v. K 18li.. ISi... l8Vi 1.. 3.'P'; 32 33 4-IV 37 .1.1 K.. 37 ' 78 77 7S ijl 3s 37 37 l 221'. 011, 21 Vt 1 BANK CLEARINGS n.nk clearlns to.l. coinp,tred with cor resnondlnK day last two vears. responaina IlH 437.I7S tc.s R7H.1D2 J37.rt:io.2SS 4Vn2 07 .. ll 41 47l.2 s4- 2 .'177.1)24 '.12 "31 S41 comparisons, as follows : all MHMnr.ns June 30 '10 Loans $S0S.2H2.nno rhas CI ltnuse 2.1.440,000 Due from hanltn . 1 no, mi. 000 Tlnnk neposlts . 130. C41 000 'ndlvld deposits 493.247 000 Time deposits . 3.2R2.000 Reere with V R n Sz lecal deposi tories 33 sr,7.oon Cash In aulta 14.720.000 Total re-erie held. r.4.32t.0fl0 fteere required 30.S33.000 Cxces resere ,3,071,000 Decrease J12 403 1100 n.i.non 2. sot, nno 11 134 onn 10 010,000 2.3,000 1.407.0(10 122 eon 1.407.000 1.333.000 34, 000 MKMBKRS nrSKRVB srrsTrjM V-rre held J30 (103:0.10 Jl 1S4.000 nces iesere 2.70R,000 73.000 TRl'ST COMPANIFS NOT MEMMCRS r.n.SF.RVK SYSTEM Reserve held J3.321.00O J2J.3 000 IJvcebs rercro S73.000 130.000 In addition to the deposits above there were this week t41.230.000 Koernment de posits agnlnst which no rererve la required I ner. ase FOREIGN EXCHANGE Now York, June 30. The foreign ex change market this forenoon displaird a steady tone. Quotations were about on n parity with the finals of lost week, nnd were as follows": Demand sterling 4.40. cables 4.00; franc checks 0.34V". cables 0.32V1. ; lire checks 7.07. cables 7 03 : guilder checks 38 , cables 30 ; peseta checks. 10,77. cables 10.8,1; Swiss checks 3,42, cables 3.40 : Stock holm checks 2.1.70. cables 23.00; Chris Mania checks 24.80. cables 2.1; Copen hagen checks 23.70, cables 23.00. Huble notes were nominal at 10TM0.10. The foreign exchange in the after noon wns steady nud dull. Quotations were : Sterling demand 4..r0Vi : cables 4.00V : franc checks (1.45, cables 0.43; lire checks, 7.03. cables 7.03. and guilder checks 38, cables 30. i ii ii 1 1 1 1 1 m 1 1 1 1 1 1 1 1 1 1 1 m 1 1 1 1 1 1 1 1 1 ii 1 1 1 1 1 1 1 u 1 1 1 1 mini iiiiiiiiiiiiiiiiiuiiniiiiiU: I A Boston Bank I States the tonnage of vessels clearing through the port of Bos ton for foreign ports for the year ending April 30. 1919. was and for the year 30, 1918, was 't 1,103,017 tons ending April 999,132 tons. A Philadelphia Bank r The Corn Exchange states on the authority of George S. Web- ster, Director of the Port, that the foreign clearances at the Port of j Philadelphia for the correspond- ' ing periods, 1919, were 4,621,480 tons and for 1918, 4,645,299 tons over four times that of Boston, Six new steamship lines have come here between the Armis- tice and the Peace. The newest is the direct line from Philadel- phia to Buenos Aires, beginning July 15. when the S. S. Nedmac, 7500 tons, will sail. High railroad freights will force our business' men to give more consideration to the ques tion of shipping via Philadelphia. For information the ma I Corn Exchange National Bank PHILADELPHIA Chestnut at Second ;iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiunn- 33 11 2 .37 4 o i 211 41 Ml IT 4 1024 ns r,s 10J4 so 33 an t s 21 2S in is ft 103 lrn 103 103 33 un 311. 37 !0'.i 09 Steamship Company Gets Charter Do.er, Del., June 30. A charter was filed here today for the AVolvin Line Company, with authorized credit of .$30,000,000, to engage In transporta tion of passengjir, freight, etc, Charles A. Douglas, JC,, rjourney, Cparles g, DoujeIom, "WmJifuBtqH fft. p,, rt4htr"ln corporator. " ,c 'Natl Himiir.. 120U. 120Lj l"0j Hi 70M; 1 'A 80 10 Vi.. 123- K 711 . 40 1 00 . . .".I1'- V, 2P 107 . 117 .. 8.3 Vi 1 10 37-1. 8 IA fi7V 1 03, 4.-.V2 Vi 32 -f- Vi 22'Zj-r M. oav,.. 41 2 30 84 .. nrHl8 100 w, 23 V4 072Vi Nat Ln & Sid so iliVj National Lend 81 Mi (l1 Nev Con Cop. 10 10 lw NY Air Brake. 121 1231', New Vork Cent 70')i 70 N Y Dock ... 40M: 301 do pref 00 00 N Y N II . 11 31 31V, N Y Ont &. W 21 21 Vs Norf & West. 107 111(1 Northern I'ac . 07 003, Nova Scctia Stl 83 8.314 Okluh V & It.. 11 10r!s Ohio (las .... r.S., 37 Ontario Silver. 8V. 8 Owens Bottle.. MS .17 Vi Tau-Amer I'et. 0.1 03 I'enna It Jl... 10 -i.VIs reo'Ous & C. .12 .11 1'ere Muro .... 23 21Vs do prior pf.. WPj tiVii Phila Co 41 30i3 Pitts & West.. 40 38 do pref 84 84 Pierce-Arrow.. .1.1 .11 Vs do pref 10(1 10(1 Pierce Oil .... 24 23 Pitts Coal . . 68 V,(Vj liunta wMeg 8u..(!3 . C,T& pnd Crk Cool. 10V4 18V6 Q4. 184- 8 Travel the Safest Way With Travelers' Checks Wherever business or pleasure takes you, the safest and most convenient way of carry ing money is by Travelers' Checks. This practical form of currency is accept able everywhere, and does away entirely with carrying cash and the embarrassment of cashing personal checks. You sign the Travelers' Checks here when you get them and countersign when you use them. The double signature is your protection. Travelers' Checks are obtainable, here in Various denominations. LOGAN TRUST. COMPANY s 1431 Chestnut Street v; - " Philadelphia. - - UNITED STATES GOVERNMENT LIBERTY LOAN SECURITIES Usle 312 334 4 4 414 4V4 4V4 434 414 ( allabls 1932 1922 1932 1927 1932 1927 1933 1922 Due 1947 1923 1947 1942 1947 1942 1938 1923 1928 Awiros. Meld ir Called, or if brlllne at I'ar so Callable. Unit 3.56 3.75 4.52 4.86 4.74 5.11 4.81 4.75 ISO, 9100. $500 AND $1000 DENOMINATIONS AppruT. Ud t Jlaturpr 3.52 3.75 4.31 4,41 4.55 4.66 4.71 4.75 4.88 FULL. INFORMATION REGARDING TAX FA. UlMBS OV TUV I mcfDr r C..Cr! WILL OF BE THE LIBERTY FURNISHED UPON MONTGOMERY 117 8. LA SALLE 1ST. CHICAOO 133 S. 4TH ST. PHILADELPULV 8 REQuern & CO. 14 WALL Sr. NEW YORK MKMIir.HS OF THE JJKW YOIIK AND rilll.A. STOCK KXCHANOlS aoVEBNMKNT SECUBITIES DKIMBTMENT -TKMSrilOMWSi HKLT.t LO.MBA.nD 4lt KKVHTO.NK, MAl-t Jt - - A ' , lAM. TITWJ BUILD1NO t l J )3 'i '. t-1', S-tL -" i 1- , T lit. If ft . -1, '"
Significant historical Pennsylvania newspapers