?4MaTra.Kt.a
WnBjBr TpFffr8; Vj" 7r Tyvpyvyv tvC '.? .'!
tiS'2!":;
i"T&M!r'v;fitfWyi,
yy
..
"wt-f" j3
'i
THURSDAY,
EVENING PUBLIC
JEDGER PHILADELPHIA,
JULY N3, 1019
ssWMf Wi'.W-''E'IWr!r
ttSL
h
I
P
K
1
I'iI'i
f SUjm4v : i
, 1
t'X', H A Long Term Bond
9 Win
JD
"
on a
Short Term
asis
Due in ten years. Se
cured by mortgage on
prosperous electric
light, power, ice and
gas properties. Net
earnings over twice
all interest charges.
Yields over 7
Write for civcular E-37.
handler Company
Franklin Bank Bide.
Philadelphia
New York Boston
NEWS OF THE FINANCIAL WORLD NEW YORK AND. PHILADELPHIA STOCK PRICES
TRADING IS BOISTEROUS
ON NEW YORK EXCHANGE
Remarkable Strength Is Displayed by Many .samps and a Lorg"
X umber of Stocks flit 'Vw Top Levels
NEW YORK STOCK SALES
High Points in Today's Financial 'Sows
Wild buyinp occupied on New York Stock Exchange and muny
issues advanced to new hifrh-record prices. The Curb market was also
stronp and active. Corn soaied to new top levels for season. Cotton
was firm. Foreipn exchange mniket was easier. Bar silver was lower
in New York, but advanced a trifle in London.
l.Ht
clone
. 47
. -mi
101H
3't
Itlnh
IS
7J'i
I Oft
lfi?4
73.
v m
4S
7.1'i
New Yorli. .hilv .1
81 Avenues of Income
for Investors
Tl' you have funds for July
investment, our new Bond
Offering Sheet will he ent
o you on request for PE
23 i. I lKt or describes
"iglity-one carefully chosen
sues or ccuiities yielding
attractive interest.
The National City
Company
t ft n i dr 1)'re i Ifl f j"r
PhiladtlpbU 1421 Chestnut St
1 ,.h (i- -too I o. jFt
9 &
Trnilinc in the stork tiuiiUct in flie il.i.v just prior
to the triple holiilni liitorinl un if ii wild ami lioistoiouo character. Those
uhn wrie short of ,lc.cU fniiiid no often on wlnrli to imcr. and brokers
handling buj-iiiR orders vnid tlmi n mi" cxtrcmcli linrcj to oninin sioc us
even nt violent advance in price.
The day's trading developed into on' in which iriord hi caking was a com
inon incident, fullv n eore of stocks ucie cvtnblivhcil at new Infill levels and
the gtcnt mnimity of twin trniled m sold at the li'iRlir-t pi he touched so
far this venr , , , , ,
A fcatuio of this wild Uniting ua the notion of Criteitile Mc.d. ndianc
iug S, points to li:i. hili- t nited Stntcv Steel mnicd tip ,J7 points to 112',j.
The day started off with nn mliiiiii o of (7s points in Ki-jslone Tire to
II." but folloninjr thnt indent uptiiin in the initial trading there were mnnj
other mliunocK ranging fiom .", to 111 points. Slut? Motois made n gain of
111 points to SI nnd a number of other iwuc moled up ! points.
TnitPil Cigar St.uiv nihanied ', points to 1S!li,. and Anienenn Tele
phone rose 1134 points to SIV
r.ethleliem Steel "I! ' oaiiie neai'M I" others in the steel industrial group,
.idianring more thiin .1 points to PI7.,
Copper Mocks were neglected and nnlv a few of those i-ue mnicd nunc
innii I point iliniug the dm
- the market closed another Imiwiik mrnemenl was in prnste-- 111 whicli
n. v limb prices wete made in I nit-,1 States Steel. Crucible ind many other
The bond market -was uithoul ) ml fentme. Viitniv notes and Liberty
I'.onds beitic heavily trade in without spcdal i-banee in prn e-
Unilroiid bonds -neie sjrndj Industrial issues moed with the stocks on
win. h thev have conveismn ptmbse
l.ihertv Honds closed at the followmp pn.es Ku-st ::'.. !!' first Is.
H rHl 'second Is. X -J : first '. P.. U so, ond I'i-. !H -J(. third -ijs.
!!.- fj fourth I' ,v. P4 IMI icton ".V ere lOflirv and i lory 4:i4s
sold nt ! !KI
I
iLIDftlS
ST.
Bullish Conditions Continue on Many New High Records Scored.
New York Exchange Ac- Havana Tobacco Preferred
tivity Unabated Strongest
Advance Itumely
Adv ltutnelv pf
Ajnx fluljlicr . . .
Alaska Cold M... at, :Vi H'a .T'j
AiiisKa .luneau
Allls-fhal XtfB . UU U'i 4 1? 44i
Am Asrrlcul Cliem.lC8j Kb1! Ids'., IdSW
Am ARrl C pf . . J)t)s , ....
Am Beet . Sugar . .T,sk ,VJ"i I'li S'J i
Am Posch .Maj .ICt'i
A" l-a'i r.i.' ni'.'ni.1. oi'4
Am Car . I'd v . ,1111'i 111 IKI'i 111
Am Car A Kd nf us
Am Cotton oil .. t;v", I i,j, .;, fi'j.
Am Drue Sjnill 1l"4 J 1 4' 1'4 ,1l'1
I m Kxpress . . . p;,
Am HUIh & I.ea . :'o X ;!'i DS'j
i Am II & L pr .. l.lj ii4 l'I'J't VWt
Am lee . . . . m on '.Vi fid
i Am Ico pf ... 74", . ....
Am International HJ HI IW 111!
Am l.lnseed . .. -,0..', fQ , Sd'j 8Wj
I Am Locomotive .. KU ''t '"' 'J.t'i
Am Loco pf IOj's .
Am M IMpfcofd. L0 .
I Am Smelt & Ilef . M, !,4'j 84' i Mh
Am S A It p . un
Am Siecl I-'drles . 44. I.'i'j l".''i t"'!J
Am Sub Rcf . . . ,:i7'.,
Am Sum Tobacco. n.j' j n ILiU
Am Tel & Tel ..101 10 1 101
Am Tob pf new . 101
Am Woolen . . . 120' .
1 Am Woolen pf . . . 101.", .
I Am Writ I' pf .. tiOit CO", ,0i
I Am Zinc I. . s . 3,1, 2t't 24H
Am V. , &. S pf. .IK til1 dlh
i naeonda Copper. 7.T
i Asso Drv Hoods . .it's
'Associated Oil . . !1J
'Atch Top & S K 101 li." Ill-' Id-'
tcli T i s F pf M",
i Atl Coasi Line . 10
All Oulf V I 177
Baldwin Loco lll'i
naltimoie S. Ohio -1.11,
IlAtopilas Mining lW
' Bethlehem Steel so
I Beth S Class, B SI" i
Beth Steel Sr)Cit 112'j
Booth Fisheries Jl'i
,Broo Fd Kite . idO
I Brook Kap Trail. .Id
Br H T cfs of dep L'ti1!
Brow n Shoo 103
Butterick Co . . I12JJ
Butte Cop & Zinc 1.5 I2! lL'.'i
Butte S. Superior . ,'il , J2!,' Wl
Caddo Ccn O & R. 46',
Cal Packing 7 ' 70s. 701,
CrI Petroleum .', . S1. oS'i
Cal Petroleum pf Ml sr M)
Canadian Pac . I."i7'i 1-17'j 157' j
Cenlial Fdry . . -J', j
Jen Fdy pf .").'. ,
Cen Leather Co . H!1'. 1 10!i 110 I ID?
01", J. t. J.
l' ,
04'. I Vi 64-1! 04J.
P. '..'j 9"i !)'.'
113.',
101
10'
01'.
Lust
i lose
U2'i
II luh
oiiri
Ity Steel Spring
Ily S Spring pf .
Itay Consol Cop . 24', 24s
Rending 8S SO
nepubllc I & S .. (It" 08.H
Republic t & S pMOI'i ...
Remington Typ .. S4J ?'?
Roynl D A shares. 113 i iH.'ii
Hoy D N'T shares, ll.'i'i
Low
02?
'2451
f8)4
04!i
3:oo
p. m.
025 i
S!)
97
"HAM S4J,
in! mu
st .loseph Iad
Si L-San Fran ..
SI J. Soutbwrn . .
Saon Motor . .
Seaboard Air 1. .
Seabo.it d A L pf
Sears R & Co . . .
Shattuck-Arlz ...
Sinclair Oil Ref .
Sloss-ShVff S & I.
Slosn-Sh S & I pf .
It'
l'
10
or.
14' j
(..V,
7.Ti
07' j i
13W
2-8i
1,1'i
22H
l.T.
22!'j
KlH.lO.'a I"1'
Philadelphia Stocks
:o.". 205
it:; u'i
li.ri! tloli
7,Va 7:
20")
14' ,
0,'i,
i o; i i
i
Southern Pacific Ifw 107Ji 10..', id'.'; i
Southern Ilwy . 29,'ij 29'. 29'n f,'
Southern It pf ... b" 07 07 bi i
Strom Carburetor, ul'i 6o)i tMi J, ' I
Studebaher Co .10fi; 108, 100 n US',
Studebaker Co pf. 101 ltOU lOO'j.lOOJj
,, 1ntnt. TOJ. K'5. 72'i SI
Slllie'llnr Sl.e'l '. . . 1?.'. 40', I0.' l-'
Tcnn Con & Chem. 1.5'. V.iV IH'
Net
IlKli Lon Ily.'" ,"'".'
400 Am Sirs. :i7'-j !H !ils -,2
7S21 Kl Slor..l0(l ll."i... IKI'i'J1'.'
J100 (Jen Asph S( .7rPj W) :t!,4
20 do pref.lin JISLj 111) 7
200 Key T Co t4Lj 14 Lj 14Uj '-i
1777 Mi S Cor 20(11 lll 'W-
111 I.eh Vol. i"Mi ."1'. ".I'i -
111) Nor Cent 2", 72 Lj 72 Vj 'a
:t7(! I'll It It. ir.'w lo's 4r.7s s
187 l'hlla Co
cum pf. otl'i .'Ifi'i .'H!1i V.
I 120 1'hll Klec 2.-.'A 2.-"s -."'..
102 1' H T te 20' t 2S:, 211 ..
US I'll Tiwt C.SLj US'... (ISio .j
107 C (! I... US I7;, US '. .
IS V 0 X .1.1110 11)0 IDO
-.20 V H Stl.ll2:,i
2." W Ciap.l(!2'.j
IIOLj II2I4 W-h
iris it!21L.71i.
I1(IM)S
MlBh Low
rioae
102Lj 102 ',(,...
11(1 110 ..
Nt
'llge
l.'l'.
II.',
I i4
1,
VI ,
'.
2 I'i
'.ll.
112
4.5,
Vi
SO',
92 '
" 2lJj
' .51
1 12.'
4:i".
1'
S9
92'
Teas Co
Texas & Pacific .
Third Acnue . ...
Tobacco Prod ...
Tob Prod rt.s
Tob Piod pf ....
Fnlon B & P
L'nlon Pacific . . .
fnlon .Pacific pf.
I lilted Allov St .
I nit. .1 Cigar S
Fnited Drug
1 11 I' 1st pf Us .
I 11 Uiug 2d pf . .
1 uiti-ii Fiuit ....
fn It. s lnest . . .
OS' 1
21
1L2."
21.' ,
120
'.2
13JJ,
71'4
1S1
r.s-i
120
is ",
I.-).'.
274
70
04!2
22
121
92'..
134
71
.V.l'4
1S2
I'll Ilys ioest pf. .!."4
L' S Cast IPJ.F. 3d
M
31
U S C I I' & V pf.
1 f S Food Piod . . 7S.'4
U S Ind Alcohol . 143
1 Li S II & T Co ... 47' i
1 Ij S Rubber 132' a
, F S Rub 1st nf . llfi,
' I" S Sm Ref & M iMt
F S Sm & M pf ,',(
' F S Steel 109",
l-Ji i; S Steel pf ... 11G.' 1
;5-'4 1 Flab Copper '
Lian sccuritips . I
Va-Caro Chem . S..'j
Va-Caio Chem pf Ho
'a Iron Coal i C 07'.
Vulcan Detlnnlne IS
Wabash ll)'
Wabash pf A vi' t
1S7.',
13' t
.il4
30
72.'
78K
144
47; 4
13.'
'f-OJn
48' .
113
"73 273.'-j
Ol.'j 09' j
i03i.lfi.'?5
1H 21H
121 121
9'ii.j 921.
133 b'l
7 l'i 7l'
53'4' .i'
1S04 182
ls7'4 ls7.'4
l.V. I ."' J
,51 nn
20(1(1 Kindt III
(las rw102
2000 I,eh Vtil
ntin Os.lK!
1I5100 Lib 11.111(1
2d Is... 114 : 91.2(1 ll4.:j((.04
2 l'eiinn Co
gen H-s SIP:S bN fcfls..
3000 I'liila Co
S7
STORAGE BATTERY, CRAMPS
AND ASPHALTS MUCH HIGHER
I v
Former Reaches Highest Level Since 1900 Shipbuilding
i Certificates Rise to New Top
'I'liere was furtlirr heavy buying of Klectric StotaRe Hiiltci sharco today
j "n the Philadelphia Stock Kxeliangc nnd before midday their price hnd been forced
I "P. o a new top level since 1000 of 00',.., a gnin of 2 points over yesterday's
closing quotation. Later further strength was displayed and by niidnfternoou
.a gain of f, points was recorded at 100. with sales above iViOO shares'.
I here were also further wide movements in Cramp trust certificates and thn
Oeneral Asphalt issues. The former ndvanced i points to another new top price
i of (!), while General Asphalt common moved up 3 points to SO, and tho
preferred soared fi'A points to lliVi. Xo special news came put lo explain tho
unusual advance in nuy of the strong issues.
The market was fairly broad and was firm, bill leaders made up the
bulk of business nnd changes for other stocks were small. American Stores,
Keystone Telephone and Philadelphia Traction showed a reactionary tendency ,"'
but were slow. , -
Hails were irregular, Pennsylvania losing a fraction, while T.eliigb Valley
scored a fair advance. '
.Steel common did not gain much momentum, but wns higher in line with Its
course on the Now York exchange. , mu
run ti. .
1000 1st r.s..
100 Phil nice
1 st 5s
2000 Reading
gen Is
23000 I'll Itwj
Inv 3s
70110 F S Si eel
!i(i
s.::'.
100'
87 87 . .
n.-,n4 urito-f;
no no . .
s:5ia s:i.. . .
74 74", .
I00's IOOTs.
LOCAL MININQ STOCKS
TONOPAH STOCKS
I Jim llutler
1 MarNamara
Mldwnv ....
1 Atlrp ih Kxtension
Montnnn ....
'Northern si n
1 Pe"eu Lula
Wet Lnd . .
BUI
. . ..14
4
:i
. us
. 17
. . IIS
17
33'
72!
7S
1 12V
47."
135
'('j'.
18
110'
7S
14.1.'.
47.'.
130' i
II
S'i
113
COTTON STARTS WELL,
WITH OUTLOOK POOR tei,
tlhT.I
lllue Hull
llooth
Dlamondfleld 11
Lnlnv . .
Kewnnan .
Ore
rk
(iOLDriRLD STOCKS
..,,;:V;
n:i
0K
cl
.111
oa
oj
An
M '
n i
J,"
fn I
.i'l
01
o-i I
I'll
II.'
11.1
.01
11.1
.IIS
10
lib"! llfl'i ll'j'i
OO.'i 90 911
70'.
3 ! 4
SO
137' j
S3"
113s
S3'
II. V
S3 a
113
Desirable
Investments
We specialize in the con
servative bonds of well es
tablished corpoiations sup
plying electricity, gas, trans
portation and other public
semces in growing communi
ties. Many of these bonds are
Free of Taxes in Pennsyl
vania. A list of those now on hand
will be furnished on request.
Edward B.Smith & Co
bankers
ET4BUSI3K 1891
Jfrmbrra Sew York nnrt '?n!a!!9Mj
Steele Ezcharot
rmi.4ss.rBU
Kr Tiu
1411 CaiAcr SlJHt
to Fiki Slim
New orlt. .Iiilv ". The ' oiK
Lieninc Sun's finiiiu ml teiev Hits
jtlernooti is iis follows-
New oik. July 3 The I'.ioad street
iiiib matket today inn lose to the wild
minrmnits in
tl.,, ..ml fY.'li.n life nil
, 1.. l. al.n . I... I n. .! itxtr .l.lll 1,1111 I .
nil of the linan.'ial markets will be thtniigli the dav, mnnv new high records
i being made, nnd there weie violent ad
Cerro do Pai-co i
. Thnndler Motor :
l'hc;i & Ohio
C'hl CIl Western .
' Chi a V pf
t'ht Mil & Si P I1
Chi Mil & St V pf
' Chi & Xwrn
'CM R I & Pacific
Chi II I & P 7 pf.
Chi It l&PC'i pf.
Chile Copper . . .
I Chlno Copper .
riuct Peabody . .
I Colo Fuel & Iron
Colo Gas &s Llec .
I 'olo So 1st pf . .
1 1 'on Cigars
I closed for tho net tbtee dajs, there
was no et-up in bullish anilities to- anrr-st m several issues
day 'llio mnrhct. noie ajuiins iu . .. ,e ,,,, of ,ni, L-on Cigars pr .
ipie-holiday appeal ance that is. it n.i-l ' nltP" 1'Ma" ,olP "'' "nP ot ; Consol Int Cal M
nitivo and strong most of the session, .most prominent features, ranging from Consol Gas
.ntiia.- tlinn snf i . iinrliM nt.ifit -takimr son. , o".i . 'rim vfiiiiikI "nin uns in I Continental Can
......- ...... - . .-ii.. i ,..... - .... . " .
Col n I'rod Hef
Ilainnn Tobacco preferted. which wa coin Prod Uef pMOS'i
trn.le.l in nt 'JO to 'JO. nnd the common (-rex carpet ... . ho
Fold at ."''i to fii,
.iiclhl sttpol IPI. 10.',
,. I .. 1. -.I..-.-. -- .......
'""" " ' """" '-i Ciuclble Steel pf . 102
land the evening of commitments. . bud
been anticipated by many traders.
' From the commencement of trading
i.ntil well into the afternoon an iiisis
tent demand, which shifted fiom one
'ginup to (mother, caused steadily rising
prices In some instances gains were
'very abruptly made, as in the case of
i Keystone Tire and Cmrible. the fntnier
starting off some 0 poir'.s higher, while
I Crucible went to 107 o. a few sales
I With call money bai k to something
like normal figuies, the trading ole
nieut was umihlc In see a single ob . ...,.... i i.n ..-.. i ;L .. i. i:.inri ...
sta.le on the financial horion nhiih the New Yoik Stock i:change. ! Fain Players ii
was likely to interfere with a continun i Aetua i:plcwives sld nt 1ITS and 12 i Fed Mln & Smelt
tion of bull markets. Crop prospects. I Intercontinental Huliber was traded in Fed M & S pf .
trade reviews, revual of steel and cop- iat 24 to "l1 .. Savold Tire sold at ,'s;. Freeport Texas .
limine foienrn trade fiznics and V VnrL K,.u,U nt ."." in ."ill.. m,l ' tiaston 1 m uc vv
. --r. - - - .. -. .. .... ... ... ......
.1. i
42 4
t.0
101
2K'
W
27".
17
Ii.
49s
0 '
54 U,
70',
S5
IC4
100
H' t
NSJ,
I Western Md
Western Pacific
Wertern tn Tel
Westing A B ...
Westing i: & M .
White Molors . .
Wilson & Co . ..
i Wllljs-Oierland
I Will.is-Oier pf
1 Woribington P
H'i
22sa
S9' 4
123
10,' j
345,
12
22J.
S9' a
123'.
3S
103's 104!c
, 35r 30
. 95' i . .
. b2'j t?2!.
10.'..
34!,
12
22
89'
1234
57' a
67.' J
104
33
IOJj
311.
.
AS j
lot
... t
Cables Weak and Weather Con
ditions Are Against
Advances ;
wrru- Hhl.T VRTHUR tVJNUlTKiNS
Np orlv. Jul a TIip follow Ins tern
iK'tnturci wet ircorrlfd in tbe 'oMon bH
lh nioi tilnij Mpridlan ani Macon M
bllrn' ( h iUnnoocn Knoxvilk Xash
IUp ViiKifJiH nd ThoinaFlUo. fiS Shii
Vntmitu i Ksbuis:. Montcomorx tinrl At
laniH T" (JKliihomR T.iltlp Itotk. Charles
ton A.innnahv WllminBton and Jack
Fnnfllp "L. Xreeport Tort nuth
Mpinphi Prnacola and TamiM. 7 1
fiahpHtfin, Vtw Orlpano. 7. and Corpus
rjirl(tl so I1ip follow ttiR- nrwiiplta lions
were tpronlfd Corpus Chrlstl nnd .lark
hon!IlP 02 Korl Sirllh 04 Shrepnnrt
11. San Vntonio. .US ;nd Tampa rU
MIPCBl.l.ANKOL
) Iroti i I'nJtPd
Nada Wonder
Ttropa Mlnh n
is
BAR SILVER
Coniincrcinl bar silver today was
looted in New York at Sl.OT'i. n de
c line of ' 1 11. .
liar silver was ."li'isd In London to
day, up nsd..
The Industrial
Trust and Savings
Company
19.i0-.-i2 X. Front St.
i
56TH C;";, DIVIDEND
The Board of Director ln..s
thin day declared a semiannual
Dividend of SEVEN" (7) percent
and an "EXTRA Dividend of TWO
a"2 1 per cent, pas able Jul 13,
1 9 If, to Stockholders of lecord
this date, and haa added $25,000
to Sl'RPI.l'S FUND.
Capital
Surplus and Profits.
July 3, 1919.
..$500,000.00
.$1,238,941.38
I!
iScw York Bonds
lc '8 , -
t.o
in.' j
100' j
9b?.
OO.1!
(.2
10! j P :
too! a ioo;
St 5115 '
90i HO.'i
i Sjv in
i f loiio High
t L'tlAiner I'm Sec. 100 00-,'i flit
!l!l Arislo I rench ,is tli-'s i','8 :ii"si'
SI! Lib .o.iu :!2s. !K).-1(I OiUll Oil. 10
i 10, do 1-t ! OI.'.IO
New Yorl.. July H. In view of the
' wcaK cnblei. tbe .(rilo trouble's in
i Mnucliester nnd the generally clear
j weather oier tbe belt" tbis mornins.
'"J" i the eotlon innrket had n fairly good
titnrt, first prices beitic unchanged to
points lower.
Spot houses were the leading buci"
of new ciop month", abioibing safe
!.VMi lirj.40 Jl.-i.2( from'-Vnll htreet, the South nnd I.iver-
114.20 04.20 01.20
pool.
Kpoiti rniiRrd from .'.' to !. I Cuba Cane Sugar.
Tl " henvict ti.idu.4 nn in I, U t-'uha C S pf ....
Itubbei- Tire, mlev ninountinK to moieiDel Lack & Wop.
than .".0.000 shares nt 12 to 14. , "' 'l' Gr
..itii. ,t . Dome Mlnca ...
(iencral Asphalt was another strong j,lk norn Codi
feature, moving up from 77 to vO'm Emer-Bram
There was cpiiet accuniubition of f'o.- j Endlcott Johnson
den. which was traded in at 11 7s to , End Johnson pf .
12's. with mo-t of the buying based on .r,e ','":
n iir ...
per
business activity of all sorts were made Ohio Savold nt :t0 to M01'.
the basis for bullish giip and piedic- Sinclair Consolidated was stiong. sell
tions ou the share list. iug at (!0:1 to 02. Sinclair (julf void
And vo far as today's prnes.weie at .-0:,i tn(i04.
concerned the constructive attitude was Submarine Mont ranged tioni 10is to
, well taken, for virtualh eiery important 10Tv I. una T.oecunotive sold nt SI to
stock on the list advanced. A large ' e.2. Nnrtli American I'ulp nus u.
number of stocks went into new high tively tindcel in at ,'iTs to 04.
ground for the year. Among thovc ' Hntnii Unght Wire sold ul
which so distiuguivhed thenivelves weieliiiU
lAinerban Locomotne. Keystone Inc. lM)l'v.TRll.
Crucible liteel, American Sugar, United
Cigar Stoics. Corn Products. Advance ! vmVr'-n'rm-Vi Ai'ri
i Itumely and Kreeport Texas. ' imor Wriilne r'arr
' The 'strength displayed by standard loiUm,"'!''"',! vi '.
'steels and rails was very imprchsive 1 TPVroai iron5" Pr''f
' The steel shares were the leaders in theirfci.M-nii-1 Motor
forenoon, net gains in tbi group J-n'P' .,,
amounting to as much as I! points in arn 'inoj
-. . vr .11 urun SlpI . .
the case of Crucible and lietlileiieni Emerson I'hcncuraph
80."
87
1974 .
11.
H'a .
a7'i
.i9'(
04 .
102?a
17".
20! a
11.'! .
. l'i
IS?4 .
1,1
.".0
.13' j
100
2
J)7.',
62
103
10
f.7.',
02
lUo
10
J-014
P'.UKS 1)0. IK!
II' 2
.. . . I
24 do Nt li4s
til do 2d 4'S
41 do ."( Pis !).-.1(l 1)3.12 i).-.l(l i . c,. ,i,0 :. ., iu. ..no1
' vt4!1'1 1l."io!o4;no-n! ' " -'" ' night's close and seemed I
,, ,,, i.uuii ,. j -,.,,.,,. ,fw ,,.,,-i ,,M,.,.T . , Rtroncr riosition. with room i
" short.s coiering in advance or the holi
day. ' There was a good deal of scattered
'veiling during the early trading, which
icflected a icry reactionary sentiment'
around the ring as well as continued
s I icalizitig.
A belter trade demand was noted on
MONEY-LENDING RATES the decline to 31 .S.'ic for October, bow- '
NKW YORK Jlilney enj call, iniiecl l ever, and later in the morning the mar
1)4'
(12 do 4',s
I Mo I'ac Is g ni
Ti I'enna Tis UlfiS
,"i I'n K (I I. ,"' ,v
mm : on. ii
111 do r.'-js 11)21... OS'.j
,-i do ,-i's io:i7.. no's
"Market Strategy
A clear, simple explanation of the
way successful investors group
their securities for greater
safety and profit
Jf
mi
Investment
Suggestions
We ha Jut prepared a rlreular
lletlnic 78 attracilia bond offrlm
tniludine
25 Municipals
10 Railroads
15 Public Utilities
6 Industrials
1 1 Foreign
11 Short Term
ti,. n,. inBturiiv nrip a i.d vll4 Clear Stores. 4 points;
of th bondn ar tndleaied i 'il . o-, nolnts : Advance Humely. ,". points
- ..a. ,uv .mnr ri.iirpn .ih,ij ---..- , , , ; v .."
it .hi bond. ar. lel lntmntjuml Freeport Texn-. ,i points, luiuiug jinmim iioir,,
ior o.u' a....- ..- ,,qc nctive on tne nnvaoco, rn.- i n fuumarine
nid
:i
V.'
1L"5
to
12
icii-
n;
114'
90'
'i;'
to
l,s ,
00
'I'l'i
I.I) '4
c.i .,.1 noi.ulilii- Still mon- nntah e "if. lonwl'. boat
"'" ' """ ',vi . i."Iiikii i-ojil Kales
gains were recorded throughout a long 1 inn i.oro
list of miscellaneous stocks. Ameiiian ''v"si.iPb"u,i"n'
Tobacco at one time was up 11 points
Corn Products.
pbulldina-
m rcn Amir rap
"til nievitor
lv, t-j. ws Motor
Pool,- Kna"
.vrrnips-Hoolh
'ulp
. U
HUM
ir.
3
1 Hi
II 'v
.
. 80
SI
.10
r.
a',
.-it ii 1
IT"
Stnrf 'or " tomrUmrntarv I'TV "'
jiU clrculai, .Vo. 1.8.
A. B. Leach & Co., Inc.
113 South Fourth Street
nn- ' i" . . t,.,.,i jt,i..ui.ii
I million shares having been dealt in Triable "inim""" "
within the firvt three hours. rssVSin '
Traders who had been holding nnek rnlmd Motors
I
I "."",v , . ... ...,., 4i, i, 1 World's Film .
huing orders in nic inr. .-.. "" wriBht-lartln Air
I get the btocks just a cheap after the sTnRi
'Cf
Texas Producing and
Refining Co.
Pays 4ci 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
Widener Building.
Philadelphia
K.tabll.htd 1889
Walnut 5174 Bice SI
holidays came into the ninrket WJS ei,nn1
I the day, but hnd to pay well for WW0Mr lMpe
' ilelav The best prices were mr.Jni s o Cal
the last hour, the market developing g . Jy
. a. 4l. tn'.rj fit f I'iMll Tl
progressive sirengui. .,.... v ... INPKrKMlK.NT oir
to 10 points were iniuj cou1nn.11. m- vjarnei, on 4. clan
icible Steel sold abmc i.niteu nlnlcs ,,, .
Steel for a gain of more thnn points. Federal on
All the tobacco shares showed romnrku- iy.,!r,.,,Von',!Um
; ble advances. Call money loaned at 5 5Jl,dtw,';;ttroflnJne
per cent laie 111 me unj. i.nio ruet
Taken altogether, the market gave iPa Heflnlne
another remnrkable exhibition of great fflah
strength. Stocks advanced just as eas- ,," nocJ
ilv todav as they did two nionllm ago.
when they were anywhere from -0 to nip iiis,
!i0 points cheaper The action ot stocks
in the last two sessions has been veyr j
similar to that witnessed prior to the
high money rates, which brought the
advance to u temporary bait a fen
weeks ago.
Conhdent buying continued through
out tlc day, with apparent indifference
to nrices paid. In the case of mnnj
propf rties, the main idea seemed to be
to get all the stock possmie ai any price.
Fnited States Nttcl brolte tlirougn its
former high record of the year of 11 1T
m lln the late afternoon. Buying of the
;j Edward G. Budd Mfg. Co. best Rqrt has been noted In this stockj
lor home lime imu u"-' uwi " m-i-n
.11
'i
It
on,
is-
1171
JSS
JS'l
TS.1
37T
in
a
17
117
1",
2 A
.1
51
K
S'i
General Electric
I General Clear .
ueneial Motors ..1M7
Gen Motors pf . . 04 'i
, rjen Motors deb. . 'JO1
1 Good (B F) deb.. SI.','
'Joodrlch pf 104'i
fit .Northern pf . Doij
Ut NT C for O P. -lo1;
Granby Consol . . 00
. Greene-Can Cop 4 I
1 Gulf States Steel OS. 1
Haskell & Barker. tWW
I Illinois Central .. 00
' Inspiration Cop . 05' j
Interboio Consol . ".'4 7,
' Inter Agncul .... -Jul, . .
Inter Agrlcul pf . S54 f5'j
Int Consol pf ... 7 'Ji
1 Inter Harv new .110 H'J
i liner Mer Mar .. 4.' "ij'i
lint Mer Mar pf .1"', 118),
Inter Nickel :'.' , ,IJS4
'Inter Paper . ... elh Mi
' Inter P pf stpd .. i'i 7v,
I Jewel Tea 3R :!S
i Jewel Tea pf . .SO ..
Jones Tea ;ib'4 :iS'
I'Kan City South . 'SI Ti
loll Spring Tire. ViVi 13J."
elsey Wheel . .
Kennecott Cop
4IJ4
30
J(JS4
!G
ollntenil. lending and reniuiini$ nt I!
ier cent . industrials lending nt O'j per
cent.
There 11 av little 01 nothing doinj
l.rt liccciine nctive imil eveited on the
icpoits of a storm in Kust Gulf const.
This created apprehension of bad
weather oier th'e holidays, nnd there was
f' 1 M
J3.V4 1'H
U I1 , 04
00.'
00.'.
0.V4
If.
B.V 4
40
OS-1
1.4".
OftJi
0i,
7.
J8'4
140
l'4
US',
OS",
Of.
'mi
055,
85' t
;8;;
140
54'4
llhl.
'-4
0,".! 1
7SS4
05' j
7s
'IS
1 as?, ;sv
J J 2
US'i UJ
n hhaI, n Vim' 11 lliull lilt IiL'It ll(1-lliul
lore 11. iv little 01 nothing doing in " """ l" """ ""' m""-j "
I . , , . , . . tlctohei'un to...'.ilic, or 111.1 points-nnoic
jtime nionc.i today, (. per cent being bid lI)p ow (,vpN of ,c niorning ,, 7r,
for nil mill unties on both all industrials-
1 nnd mixed collateral.
I It was stated by inonej lnuketv thin
I no new money enme out. but that a few
renewals were offered nt the (1 per cent
rate. ,
Acceptance bills were extremely dull. tV"' .
,, , ,'. , , . .. llitol.or
4:;s(ci4 .1-1( per cent being the pre l.ecember
. .,, .,. . , , 1 lanuarv
vailing ciivcouni iciei. Mann .... 'air,.-, 31 30
The tone of the lnai'Kul was satis Mild
factory, notwithstanding the com-
pnratiicl.i small lolutne ot transactions " Bank of England Statement
I London, July II. The weekly stnte-
l'llILADKM'HIA - Call .V. per ment of the Hank of l'.uglnnd follows
cent: time, StJiC per cent: cominer
cinl paper, three to six months, ,"it,c7?
ii's per cent, and si months, (! per
cent.
points nct'higher.
The most urgent demand hnd appnr
ently been Mipplied at this price, lion -ever,
and there were reactions of -0 or
HO points under realizing.
Totlas's
Vau, . l..c ..(...rilnL.
V.. 3L'.3ll8i:r.' 40 32 10
.SL'.lllRil.'.L'n .11 11.1
.11 0.1W:il.!lS 31 or.
3t ..-. Ci n J l',7 31.(11)
This book gives simple .examples of
group investments, showingamount needed
and what can be done with various sums.
Thousands "have found "Market Strategy"
a profitable ten minute lesson in security
buying. r,
Call, 'phone or write for No. T.U.-1U1
JONES & BAKER
SECURITIES
Widener Bldg., Philadelphia
'Phone Bell, Walnut 1690
Ktvtone, free 2290
NEW YOU DETROIT riTTSBURGH
CHICAGO Direct Private Itftrti BOSTON
LONDON .Money . 'J
discount rates short bills.
three month hills. .S-S, pi;,'
r?
00
to'', in4 itp tu1,
Key-tone T & R .1081, 114'j llU.'i 114
Lack Steel .... hfi o'F, SO, Vj.1,
Lee Rub & Tire . ,13l,
Lehigh Valley ... ,j4 ".(; .".O.'i fdj.
Lorlllard (PJ Co .ltM'i 201 1U4J4 .01
"w:
per 1 cut ,
1 1 per 1 cut ;
cut.
inn
tun
-HI'
7U'
ass
Tnrus
L"l'i
4
. v. n
Pi'l'.
8 Pfd. Stock
Prico: 9S'4 and dividend
yielding 8.12
Circular on request.
;Twnsend Whelen & Co.
fi05 CHKSTNUT KTHET
II.-;
Postun A. llintana
Hutte New York
Con Arizona
C V S Jerome
V'irm National
GoUlt.l(i .MfTEer
Goldflltl Conn
Holdflfhl K!oren
OoMfleld Kmunao
Orepn MoriRter
IlffU Minlrip
Hone Hounri
Independent v 1 ead
Jtni Hutter
.lumtio Extension
MrKlnley Durrach
Macm upper
Motler Iode
MJnr Cn if Amrli
Neada )I111k .
Ni vi iH Wonder
Mrimlns
i o C'opiJrr
Ra Hercule
fan lo
Stewart
'JnnnpMh Ixtenrlon
I'nnea veron
8
71.
H
JIIXIMI STOCKS
' w'
sn
'.
s
.inil,
183
"
.
SS'j
1
SO
conlidently predicting that ' the stock
...... l.l Anr. aulnhllfili n new nrlee record.
( 1UUI11 CUM o,w - i 'ki, fan
..,, , , ,.-- ,o.l,, ,,. h t. tape
'ine icreigu v-Aiuuiitic iri "' iTerlneion
neak. with the exception of hrandi
nnvlan rates. Francs led the decline,
4'
i
C1L'
.111
10
I
3
111.
8
L'I
;?
17
i,n
.
!4
V.
II
.IK
14
I',.-,
:k
41
ll",
4L'
' Loose-Wiles Bis . 70
, Muckay Cos pf . 01
Manhultan Shirt, yj
t7 Marlln-HqeKiiell . be',
"'' Maxwell Jtptora . I'I,
ilax M 1st pf . . 7o
"I- Max M 2d pf ... 38
'" I May Dept Stores . 10V i
.....iAnn rA,.,.l tu.
i ..ICAIUIl c. w. ...,J,
Miami Copper . 18
Mldvale Steel ... O'J
Minn & St L new. It,
I Mo Kan & Texas. V.
' Mo Kan & Tex pf. 19',
I Mo Pacific 34
Io Pacific pf . . . .r7
i Montana Power . bOJ,
' National Acm . . 37J4
National Itlscult. l.'UJii
Nat Cloak & Suit SO! a
Nal Con & Cable. 2j
Vat IJnam ti. S . NJ'j'
N'at Un iSpt . 10J
National Lead . . . bOli
, N'at H of Jl 2d pr. h."
.Veiada Con Cop. llt'j
N y Air llrako vl'Ji
New Or Tex & M ;iR5i
70.',
70'
FOREIGN EXCHANGE
New orU. .Inly ." -Rime ic-tcr
dn.i's quotations there has been a break
in the foreluu excliaiigc inarket, the liivl
news ot which mis signified by Lon
don reports which displajed n iiiuch
Ip; I easier lone, noiieicr, inc mitihei in-
, Lllicicil ill inc uininn iiilv i- umi' iirilier
3J.1,
Ill',
32
I O.'j
77 77
3S 38
1L8?4 lWi
160', ltsti
H 2S
l'i.
!t'4
I'M',
:7
1W
05
34Ji
57
32
4I! j
I i
.'IS
IOS'4
lbll
iS
&.'?
I8J4-
04
34J,
67
Total reverie "7,07(1.000, decrease
SS8,000; fin-illation 7i.!i '7.000. m
cieuse 1 1,(1 10,000: bullion iVifi7.00il.
ini'iease 7ri7,O0O; othei scctuilic'v CS,",
liKl.000, increase f'J.OPO.I.OO ; other ilr
posits fl(iO,!)L'4.000. inciease fSl.lSO,
000; public ilcpositK ril .V.7.0H0 . 111
crease 4,7ii:i,000. coverniucnt securi
tb-s !I8,70'J,000. incWasc Cil.SSa.OOO.
The pioportioti of the bunk's icserve to
liabilities is 11011 14.10 per cent,
nitninst 17.71 per cent last ueek. nnd
compares with n decline from lS'i to
l.T'i per ccut his ueek lust ie.ir
DIVIDENDS DECLARED
c'ludin t ''". usual iiuWerl of i, r
..nt on tho ecimmon rIdcU. iub!e Aucusi 1
Tranc ebecks were (f.fili and cables,
(!."i4 ; Lire clieckn, 7.07 ; cables, 7.05.
The market nt the bogimiiiiK of the
afternoon shoued little L-hnngo in ire
lailing nuotations nnd the tone 11ns
steady.
OuotntiniiR at 1 n. m. Mere its fi.l-
" , ',. , .... i. ner cent on me mererrco toch
Ion.: Demand Mcrlinc, 4.u2-. cables pasatle November 1 to stock of record Oc-
l.i),.".; trnnc fiiccui .un. cnuies 1, j.u : "'r -;.,. ,.,. nuaneru of !.
to Bjotk or rrcoru .iuiv ,
I'nlKil fitateo Utlbber Comp.ins. reculiir
ciuarterly of - per ccTit 'on tlrut nrefernd
Htock and I'.a Per cent on Hecoiid preferred
both dividend" pamble July 31 to stock of
rPlarelfle Development Corporation recuUr
ciuarterly of H. Per rent. Jiajablo Aucu,t
IS to stock of record July 1.
Snnti CeclUa Huiwr .Company. quarterl
Ceilt ,H inc Hl.iriiui n,uil.
lire checks 7.1)7, cables 7.0.
I checks 3.V,,, cables. .1SI
! checks 1II.G0, cubles 10.70. .
Rililder
peseta
37', 37,'J 37i
4
1.1
14
V4
SO' 4
l':i
S2
101'i
to
b'i
lUJj
SO,'
,u
Ul.'i
L'3
Si
lOUi
SO
8,'j
10'j
l-'J
80','
3'J
BANK CLEARINGS
S0'J nanl. clearlnes today compared with
'i J re, pond ng dav last two ,iear
r;vi imu mis
T.. Plnla 83ni),7ni! Holiday
101J, liioNton 7,1.:is.".,iis lli.llclay
1 H 1 vuj.c.iij,,.!;; M1JI1I1
per
,.. r- . . n...l.,a 1..1. nt
fant mi nreierreu .. .."i" wuu ,,.
an registered July -1
Cenleimlal aNtlonnl Hank, resular ' mi
ni nual of 'I r ront. puiable on drmund
10 stockholdcrsof record Jul! -2
More Gold Withdrawn for Export
New Yorli. July Jl. Semral iiith
drnivalH of gobl i" for export purposes
fallinB 10 centimes to 0.(10. Sterling
I 1 ft !. ...Lll 11
was ott nearly - poiniu, wuur ure
yielded 7 points.
A CM-ifiltU Fmdnal and Stat
I " 4 Tr Sarvic
JtMiTICWALTAXAUDtTKUREAU
tm tmmni -a wtai
aa?jE?'
.. . fr. M
"H"11' ' ,,1't1 ' ."H " T
. - . ' in,. . ,
FINANCIAT.
nxa,r nv rmcwrnrr
7U t nesinuv ?l. ; Kunsaa I'm. July .1. rush wheat lire
At tt. mMllnff of tlie board of directors of L.einfFMi Vo 1 hard. S".-.n0t" r.4 vfl '
this bank. July 2, 1910, a seinUniiinl dl, 1. 1 1" 41 It" 4.1 new. H'J.ait o. I red a "s
ui4 of 4r (4 Per bliarel. w.sdecla-ed to , , '.:' '" " "orn t i
.ia -" ; .lit . " t .. I
IN
I
IIOMIS
nithtrhem 7
rosden Oil As
rosden A- Co fls
t'edahy 7s .
Itusslan Cloit r.
Husslan Oovt 4
Southern ny ni
Hii'i
OK
11s
lO'.'lj
r.ci
.id
98
191
IW
lot
lcia
112
- H9
95)4
KANSAS CITY QRAIN
July
w:
Tut v
. r M
ti -,.i.-4j
A
,)
V,"W.
N y Central tWi
N' V Dock ,'i'J.1 i
N V Uock pf . . ,V.)"
N N 11 & II .. .Il'i . ,12
Nor & Western . 100'4 lUu'4 10ii4
Noithcrn Pacific . .'i;, UtiU UO),
.Nova Sco S & C. . 4t 8j hn
Ohio Cit'es Gas .. T.SJi MU :S'i
Ohio l'"uel Supply. I'JJj,
Ontario MlnlnK . 'jI
Ok la I'rod & Kef . IIJ4 HJi IH,
Owens Bottle . . . .".- 8 US
Pacific Mall 39Jj
Ifan Am l'et & T. ioH 1)7 Ua
Pemi Hatlroad .. W,i i.UH 4Wa
I'enn Beab Steel . 37 37 37,
People's Gas Chi . 51 M)i olii
Veto Marquette . . 22)a 'i'iU .!!i
Pere Mar prior pf, USH . .- ...
Philadelphia Co . 41 4L 41Jj
Plerce-Arrow .... 53!t o3Ji 63J,
Plerce-Arrow pf . 105;,
Pierce Oil 24 24 235i
I'ltla Coal ....... 07i GUJ 08i
Pitts Coal Pf .... 03 93i CJJJ
Pitts tWVl,, 30 UOJi :t!li
PlttM 4 W Va pf 84 3' 83
u
W
ll)j
122
SO 4
37
100,4
0(.?4
1H17
I'll. )!. HJH , i. mnrln nt the sulil rensitrc
114 4111 sik ' nine i c- .......- - ..
-,u:id un, Thrp include an aBRresnte of .fli.r.OO,
' (inn for Bhlmnent to Spain, S2,200,000
1 NEW YOR) COFFEE MARKET fnl. shipment to .South America nnd
i New Yorli, .Inly .'l.-'-At the start to 8100,000 for (shipment to Alvxieo.
I clay the coffee future market was
' steady ind iirnt pners were tuo.mngeu , Contract With B. and O,
IU llllti- in1""" ...B--v... ....... Ui, VM, .
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIHIIIIIIIIIIIIIIIIIIIIII1IIIIIIIC
I General Statements I
about foreign trade are interest
ing, but in these days of activity
the business man needs specific
information.
In addition to our foreign bann
ing connections (numbering sev
eral thousand), we have our own
special commercial correspond
ents abroad.
WaslilnBtoii.
1..1.. -i '..,
cnll uns nllict husiiiiiki" . " v.......... ,
Initial trains failed to bold rishr nftor'nH to.lay by the railroad aUminis-
, (he call and December obl off to 20 I1.V . ' tlon 11x0.1 aurnia. ...pennuiioii o,
;.:'." orin ..tu, r,,w .ii!,. ..;, $3(1.035.0 K for the naltimoie nnd Ohio
0S '..,!;" inndnubldiaryfonipauieH. and .WHO,
,. ........ . !.. , .,. r ....! III., I!..,.l
It iia rather 0 prp-holldHj market, ! Ior '"" "'" "'
liowcver, with little interest eilher way.
11:
453 i
37J.
5Ui
22 J
ii
63H
2JU
C'JJi
03)4
394
f:
'fV'f
id
A
RAILROAD EARNINGS
Prle.. of Potash ! Miwoum. kanbab and tbxab sybthm
To tho Editor 0 Hid Kve.il.io Public l.edoer ' May gross . ' - .ig-!,,5s 22?',"ts
Mir What is tll! present price of'Halance after taxes ii"'-1!0 !I?,ai.3
, . ' ,1 , , , . Net ouerallnK income. nuiiion -lli,f,ll2
potash? Also what was the highest , S.v months gross ..23,883.1 3,2n3:si
Maiance sn
Net opera t
Decrease
Refined Sugars Unchanged
New York, .Inly 3. The refined
RttRar market sboivs no material
chance apirt from the fact that the
1'ederal uoinpany, winen nai uvea outj
Tcrj ior neyfvui uay, ?x
?reraw2
avf,
W? '
7II1II2
, .- .1.. ...,u-l Hoc l'..rinn t, n.l.nr. after taxes rHH.781 l.:i73.73.1
ciuniiB win w.. "-'"' ' "" jj-;, -iperatln Income 3S0.5I1 MiW.-jou
haubtlUle (leposus .01 41. .
.1. S. IIAUNKS.
Camden, X. Jt, .Tnly 3, 101J).
This week's pricey are: Hichioride
potash, (SSSci chloride potash, Z'&
,10c; carbonnte potush, tSSOOTc; nitrate
liotanb. lliillltK. nigneHi ourmB war
' ' ' 'i v 4 ,, ' ' f, 's4t'''3 ' 'Si
jVji.'f,"',!- . !JmwLJam.us; .. . :i I 1 II ijSlVs sllsssslslr i 1 n l' ' A.-Jsd
These trained men are constant
ly sending us inquiries for a large
variety of articles rhade in Penn
sylvania, New Jersey and Dela
ware. If you want this business we are
here to help you.
i
Corn Exchange National Bank
PHILADELPHIA
- ' Chestnut t Second
m
Bf
"
rVVM&
xPtfl
,AWf 1 j V
v ,r7- j .
e
e.vf f?...i
1-11
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