j!fl "), ,VV "rsrr't. itaW r.lP l(C i j' ;T8, EVENING PUBIie, .LEDGER-rJrllirADELPSlA; WJDDNESD'Af JULY 1,1910; ' - ' . f t SI T !"t ,;t 3i a Bf sT. !? V V 4 1 ' K Iff I i : I' fc :i. fi k H.. I? : ;v t1 tm ' Texas Producing & Refining Co. ln producing- high grade oil at tna rate or zsuu Darren uiuiy. 7Ti stock now : Pays dividends of 4 quarterly. The company's Income from oil prp. Atirtinn t now flDDroxlmately 'iiRnnnn rr mnnth. or at the rate of 38 on the entire capi tal stock after deductlns .royalties On the company b ?vtrvn Unset AsrerrpcrRtlna 476 acres In the Durk-Dumett field alone, there are approximately SO undrtlled locations, irlvlna; Lpraetlcal assurance ot cope veus wnen anueu mrnu . velopments should Increase the 4 Quarterly dividends now hetnir paid and we stroncly recommend the purchase of thl-i stock on the New York Curb at the market rrhla rtnmrtnnv nnil other at irartlve lndenendnt oil Istoct gg; ! I are fully treated In the latent fig Bulletin," sent free upon re- ggs kiuest, fij H. Raphael & Co. Investment Hfrnrltlea 74 Broadway, New York NEWS OF THE FINANCIAL WORLJDNEW YORtf AND PHILADELPHIA STOCK PRICES, ; SPECIALTIES ARE ERRATIC J7V THE NEW YORK MARKET Railroad List Advances Profit-Taking Causes Recessions in Oil Issues Irregularity Develops in Tobacco Shares New York, July 111. In the nfternonn mi ndvnnrc In the railroad list, carrjlnc St. l'uul up 4Mt points to 4!l, with loss Important but substantial imprnvrnipiitH In otherH of the list 1lrrtrl attention from he Hpevlullcs. The last ineiitioneil continued erratic, with kbIiik nml ileellnpn of from lto several points from the earlier reported figures. The adanre In the railroad list wot thought to rellH't to a rertnln extent the increasing restrictions that ure being plnced upon loans on alt Indusrlal lollaterat. Horroners found a discrimination of 1 per cent on time accommodation between loans oy good mixed and those on all industrial collateral. Profit taking caused recessions more or less important In the oil Issues. Texas Companj from a high of 2S3, a gain of more than 10 points, shaded to L'SlVi. Irregularity also deu'loped in some of the tobacco shares. The com mission houses were Increasingly conservative advises their customers against the possible danger of n sharp reaction at any time in the highly speculative shares. The bond market was not (specially notable and prices were somewhat irregulur There was n fair degree of activity in Wilson & Co. firsts and convertible lis at convertible prhes, Interborough Metropolitan coiuertlble fis declined ',. Consolidated (Jns convertible (Is advanced to 104V2. Colo rado und Southern 4s wort, sttadjt while I'ennsjlvaula (Jencrnl 5s of 1IM5S rose aft to 1(4. Hi HI Investments for Banks and Trust Companies During the past few weeks there has been an increasing demands, on the part of banks and trust companies for choice investment bonds. We shall be glad to submit to those inter ested detailed informa tion regarding the is sues that have been the most popular with both large and small banking institutions. Hemphill, Noyes & Co. tffmoers Xew Ynrl tinrl Frrhnnae Franklin Bank Building, Phila. Jffw lork lloston Vranton t- IRS j Secured by Two of Leading New York J Office Buildings and Land INVESTORS who prefer real estate securities will be glad to learn that Trinity ! Bldgs. Corp. of N. Y. First jj Mortgage 5's are offered J at a price to yield about G.50 annually. Send for Ofterinjr Sheet PE-23; TheNationalCity Company Correspondence Offices in 51 Cities I PMUdelpHa 1421 Chettoat St. 122S Bo.rdw.lk LS ILL ST. ASSUMES HEALTHIER ASPECT Reckless Marking Up of Steel Shares Abandoned Late Favorites Show Weakness New ork, .Tulv 10. The N'ew York Evening Sun's financial review this afternoon is as follows: The stock market assumed n much hjalthler aspei t todaj , that is, the frckless marking up of the steel shares was abandoned and opeiutious foi the rise was conducted In newer and safer dlnctions Mmiv of the stocks which have ben donn.iut for the last vveik or more were the olijut of concent! ntd biiving, while nt the same time lunvy protit taking ( line Into the recent lend ers As a n stilt the stei 1 group sold under jisterdav's final tigmes during most of the session, the stocks vvliidi had exponent cd the largist advance developing the gnatest weakness. Thioiighout he list price movements were hlghlv inegular and (onfuslng, fluctuating in response to their inside condition rntb(r than to nnv general news. The (all mouej rate held nt the (I per cent level moM of the time so that the bearishlj inclined traders, who experimented on the short side with greater boldness this morning, had verv little in their favor, save the weakened tnhniial position of the market. This was sufficiently poor, however, to bring about some extensive declines. Crucible. Ilnldwin. llethlehem Steel and other similarly over-bought issues went down easll.v in the earl.v nfternonn. There was some successful bidding up of the leather and oil stocks in an ittenipt to inject new interest in the market, but there was no veiv general nsponse. Hovnl Dutch, for instance, i limbed nenrlv 1! points and Central Leather was udvanied to new high ground above ll(i, while Kndlcott John son made a spectacular ascent above 11.1. contrasted with jestcrday's closing piiie of O'.l'o. The traction stocks at one time were uen a whirl and then the r.uls, uot .iblj St. I'aul and New Haven, were hosted. Wilson &. Co. unci other spe cialties were nKo prominent. The bu.ving which went on todaj was more discriminating and for that rea son less objectionable than in recent sessions. The fuel shares came In for Increased attention and individual stocks REACTIONS FOLLOW WEAKNESS ON CURB Partial or Entire Recoveries Made in Most Issues Otis Steel Active New York, .Tulv If! Irregular move ments featured the curb market today, being followed bj reactions nnd later in most cases by partial or entire recov eries Aetna was slightlj easier, moving from 11i to lli Colonial Tire opened with a stiong undertone mil adv nmed from .'tfi to )() VK Hub. ber Tire, toduj ex rights, moved from ."ill to ."il'j and Inter receded to ."lOV. All .vestordav's transactions were with rights on through mutual consent The lights teiclnv commanded n fair amount of attention and weie epiotcd nt 2' to "JV, (leneral Asphalt from an opening of 00"... declined on reading sules to SS and recovered to 801'j A similar move ment took place in National Aniline, which declined from .".'1 to 51 and Inter wot Iced back to the opening price. Otis Steel wns fairl.v active at a loss of a point to 4.". A good innuirv was apparent for Pacific Gas Klectnc, which rose fiom fiT'St to ftSU.. Sivold Tire, after advancing f-om 04 to T, sold off on profit taking to 02"j nud"later rallied to the opening level. Siibmnrine Iloat showed further strength, reaching n new high oil the present movement nt lfl. Profit-Sharing was again in urgent demand nmuml 15. I'uitcd Retail Stores Aropped 1 Vi points to 07 nnd rnllle'd the fraction. Citv Service wns in good request rising to 4.". Slmms Petroleum rose from ,il V& to .12. Texas Producing nnd Refining was steaelj within n fractional range. IMH STRI W.H NEW YORK STOCK SALES 11.1 IITiM 109t 0'rjf 00)1 OOJt C4!j C4H 6Ui t)3 02H 0M IIS VM , CO'f (11 Lillet 8-O0 Advance Ilumely . 6ojf 50h COM 0M Adv numely pf . 74 74 74 74 AJax nubber ....109 100 107 1085 Alanka Gold M... aM ,1M 3 3 Alaska Juneau .. 2t 2li 2'i 2U Allla-eThal Mfir Art- jh am. i7U . 117 1171 -, - ..... .micui unem.iuu Am Agrl C pf ,. og ' Am Hanlc Note . H4J( Am Beet Bugar . PliJJ Am iioseli Mag" .HOJf 120 Am s.an f,i ci V -nn "r ")5.'f Am Car A p,y 1I3 j,4 ua)i ni Am Cotton Oil . . f5 Am lrug Syndl . Uii 12W 12K 12W Ajp Hldo & Lea . 38Ji 3pJi HSii !ISU Am H & L Pf ..135 i35 13 j law m Ice C3 Am lnternatlonal.H3tf 113' U2JI 113M Am Linseed 70J5 70)i 70 "b Am Linseed pf .. 07 . Am Locomotive . C4JJ 05!!i 04 04 Am Mlatpf cof cl. 37 Am Smelt & Hef . 87f 89 S7U b&H Am S a 11 pf , ioh iQC)ji 103 109H Am Snuff 125 Am Steel )rles.. 4014 4fr 40 40 Am Siirfar lief ..14n; lMf 141 141 Am Sum Tobacco. 117?4' IISJ4 HCeJ MCK Am Tel & Tel ... . 1113M 104 103ia 103! Am Tobacco ....24-lji 247 239 247 Am Toll pf new.. 101 101 101 101 Am Woolen 127SX 137 125 132 Am Woolen pf ..109K 100)1 103'i 109j Am Writ 1 pf .. 5CJj 57 55'f 6C4 Am Zinc L & S . . 27)5 27? 27 2"' Am Z L & S pf.. 031 j c.1 f,1 03 Anaconda Copper. 7(1) i i 7fii 7(jH Assets Iteallza .. 1! l'f IH IH Associated Oil ... 03 04 03H OBH asso Dry tioodH.. 66 Aicn iop . s F .101 Atch T & s P nf. fsfo Atl Coast Lino ..1015i Atl Gulf & W I .174 Baldwin Loco ...120 Baltimore & Ohio. 45) Dalto it Ohio pf.. 50)f Barrett Co HI Batopilas Mining . 14' n ateel 107; Beth S Class B . . 10S 109H 105JJ I08st' Beth Steel 7 pf 105 107 107 107 Beth Steel 8 pf.in'f 114)j 114 114 Booth Fisheries . 21H 21J 21M 21)5 urooK Jtap Tran . ,10 Brown Shoo ....IMJi urown Shoe pf .101 Bruns T & Ity Sec 10'i Hull Iloch & 1'lttn 00 Burns Brothers .I5.r))5 Butto Cop . Zinc. 13.'( 13X 13)f 13U Butte & Superior-. M't 3G 35)5 35'i Caddo Cen O S. B, Mli Cal Packing 71J4 71i 7Hi 71K Cal Petroleum . . . 3H 305 3)j 18M e-al Petroleum pf. K0 t2 80 82 Calumet & Ariz .80 - Cinadlan Pac ...lf,7'i 167H 107 107)5 Central Pdry .... ,1(1' j Cent Pdy pf f,r OOJi 00)5 Ofi'i Cen Leather Co .113'; 115 114 'lliii Cen Le.i Co pf ..111j 114 114 111 Cer-Teed Prod .. f0 51 50 50 Chandler Motor ,2.VI Cerro de Pasco C. 04 li rs'a 04)f f5'4 Ches & Ohio .... 05)5 C05, G.VA COJ-J Chi & Eastern 111. S.'i 1 8!i s4 15 13 15 15 10)f 11 V)'i 11 28 20 2S'i 20 44'J 50 45 50 70 74 70 74 100)5 70), 20', 102)5 101 102 85,'i 85Jf 85 121 1PVJ 1185 40)j 4iV5 404 mi 0)5 60'f 141 139 141 m ij ' 20M 20 110)4 107)5 11035 101 101 101 Chi & E 111 pf .. Chi Gt Western . Chi O W pf .... Chi Mil & St P.. Chi Mil & St P pf. Chi & Nvvrn .... t'hl St P M & O. Chi It I & Pacific. Chi It I &P7 pf. 8.1a Chi B I&P6pf. 71 30', 83)5 71'5 28" , 50,',' 03 03.' 624 20)5 58 30 83 71)5 28, 60 03 01 62; 28 58 30'5 81 71)5 l'8j 50 03 03 52'f 20ij 58 TIM Artna FxplniiiM IH Am Hrlt Mfir . . .. 2 Am .Marronl . i American Wrltlnp Paper ll'-i Air Induction ... R0 CanaJlan Car Co , ..40 Con Car A IM pfd . . 96 Cart-on Htecl . . .,103 Carwen Tool . . 3 fhalmrs Motors , . 10 Chprdlct Motors ,.250 Cramp . . , .185 Curtis Aroplano ... lfl 1 merlon Phonograph . (I Hall Slimul , ft Hupp Motors I1 Inter Troilurts . H1 Inttr Hubhpr . . . 24V4 L,hUp Torppdo Boat , 2 Kphiffh Coal Salps 90 I.ibby McV H Mbby , 2ft Lima Locomotive . . 80 Martin Parrv am Test clnp Ak (alp) Duquesne Light Co. j Pittsburgh I?irst Collateral Trust 6s Chiefly First Mortgage. Papulation served 1,100,000 Gross Earnings $12,600,000 Nt Earnlnija over two and one-half times fixed charges, of which about 80 Is Interest upon funds still to be spent on the property. i Price 100 and Interest FTax Free" In Pennsylvania elsh Brothers 028 Chestnut Stueet rhilad.lnhls A GRAPHIC CHART OF LIBERTY BOHDS TEtiLS AT A GLANCE THE PRIN CIPAL FEATURES OFTHE SEVERAL LIBERTY LOAN ISSUES. AN IN. VALUABLE AID IN MAKING OUT INCOME AND SURTAX REPORTS. 7; '8EKT FREE ON REQUEST. ""'i '-. .u-r. mxit inn a ....- . ifrtK, AILinU & TUUNli 4? ; LAND TITLE BUILDING iasrroN Philadelphia rrt - CMlr" Strrlr. Com., Vti. & Dtb. , ' Amlrlean & Kite, Com., I'fd. rtrb. 'A i?uJare) G. Mm., Com., 1-fd. A u.nj, , uaene IJfht i. 1S48 "Ci WH Vrna Power So and It j T; fjAirT Mnufttortnr Com. & Vli. VUCrnieVH'f.r.A m-T.,-- " - j- i,w'i & , W J 1JI III J . . . lour. 4WUIIM im uiki, nac. Ill Torfc Tel. Connection, Jlanovtr tut stinelj euliane-ement of epioted values in fee Inst ten (lavs Less disposition was manifested to feillow aelvnnees up than latterlj, hut this was hnrdly surprising, as stoeks have seareelv had time to ad just themselves to their new levels. Many of the best prices were made in the last half hour. Amerle-an 'Woolen, for Instance, vvuh bid up !) points to 137, but as quit My reacted. Mexknn pitroleum sold above 203 for i 10-point enin, and St I'aul extended its ad vance to ."51. Heavy bujins of Marine reimnion nlso developed just before the lese, but demonstrations of this kind were confined to only a handful of stoeks. The demoralized condition obtainins in foreign f' hance was the outstand ing unfavorable feature of the financial markets. Sterling exchange dropped to the new low hgure ef 4 fi2, while francs declined 15 centimes to a new low on the movement. Lire broke 212 points, pesetas 35 points and Scandinavian rntes were down from 10 to 20 points. The market for German eurrencj was steadv, the mark holding at 701 to 8 cents Cotton was weak. The Iron Age, in its weekly sum marj of trade lonelltions, announces that business in iron nnd steel is favor nble with Indications of sustained ac tivitj throughout the summer. Itailroad buviiig Is still of negligible qunntity, however 1 hlW Muxttn Munlttonn V Y Shipbuilding Nut-lh lrnr Paper Pulp fltln Klevitor .. . PttTleS4 Motor . P rfoitlnn T & n . . Philip Morrli PiM)le I.n Hnll V Y . .. . ShvoM Ohln Fcrlpps tlooth Stiindetrrt Mntors . . Sd.pl Alloya Hulimirln j . Sn ft Int Tod 1 Shipbuilding- rrlnru;le h m I'nlteet Motors ... I'n ted Profit Hharlnir.. World Film Wrlitht-Martln Air .... .V. .V 72 B4 1DII lift , 32 30 a . ", . 10 Ml 181 . 1 . SO 3 11W e, ns 12 01 41 lno 11 j ii sno 19'i 18 7 10 JV4 an 21V4 il1 ti-, .to SI 3JI, 7,A ei lin 4S l't H4 no 14 31 .111 11W 10? s 14 344 24 dl. Chile Copper .... 28 Chlno Copper ... CO CCCiStl-.,. 60 Col Gas & Kleo . . (CH Col r & I M Colo Southern ... 2S Comp Tab Itec . . 5a3 Cons CiKar . . k. . GS Consol Gas I045J 11MH 103 103 Consol Int Cal M. 18 1S4 1R' lH'f Continental Can . 07 09 00 VRH Coin Prod Ref .. 00,'f 00J 00h 00'j .;ret Carpet 70 74 7 74 Crucible Steel ...143f 14G'i 130.W 142j Cuba Cahe Sugar. 37h 36'f .'i(li 30'i Cuba C S pf .... SJ 83 8t 83 Cu-Am Sujrar ...204 20rt 205 205 DeV& Hudson ...114 114i 114U 114K Denver . lllo Gr. 11 HJj llli ll'i Den & Rio Or pf . 20b 20 20 20 14 14H Hij 14'S 41'j 44'i 42'i 42H 30, 00,'i 117,'j 100'i lll'i 101'4 105 104' , 105 10 ID'i 1UU lHli JIX 33 3J'i .13 224 22Ji 23j 22H HWs 120" no HO 2h 2 2H 25, 21K 4G;4 4G)g 40 40 8J GH: 3' .SrfK) p.m. cloMltl(h Low Owens Bottle ... C7Jf 'ii.,, Paclflo Mall 40 40J 40JJ 40i Pacific Tel ft Tel. 31 .. . ' ,. i.r Am T JB. T.inAW lOOW WftU 100M Pan Am P A T pf.lOSH 188!f 18W 188H Penn Seab Steel .,&& uoi wa ;; 46H 40 40U i P3U 14!. 24f 07f 40X 02W 107JJ , . . 23H 23H 705 J 08 08 39M 83 21 U2J 18 2fiH 07H 41H G2 riH 42 21f 15K 17K 24) 25)f 07U 07H 41 41 0154 02 23 23 70M 71 40 40'f 82.' 82J 20 20'i 01H 01!f 27M 2051 27 35'j 35 35M 20JS 20J 205 84 83li 83)i 22 185 lBJf 10H 101 10), 22X 20M 22K 218K 215 21i mi wi ivi fiG'i 114 r5V 74f 73W 73i 108J. 108K 108Ji 31H 30'i 31H 08 OS OS Wi 01 01 Penn Railroad Peoples Gas C'hl . Peoria & Eastern. Pcre Marquette . Pere Mar prior pf. Philadelphia Co . Plerce-Arrow . . . Plercc-Arrow pf .. Pierce Oil Pitts Com Pitts Cnul pf .... Pitts C C ft St L. Pitts & AV Va Pitts & W Va pf. Pond Creek Coal. Pre.dfifwl Rtppl Car. Pullman Co ..-. .127J 127H 127) 127H Punta Aleitro Sujr 03 00 03 MH Ry Steel Sprln . 00M 07 U4Jt iif- Ry S Spring pf . 101 Ray Consol Cop . 2G'i 27M 2Gi 27K Reading Oil 02U 0151 02)j Republic 1 & S .1024 102U 100 101 Republic I ft S pf.l04f 104H 104H 04J Rep Motor Truck. 68 684 67J 57J4 Remington Typ . 83 81! 8U 8I) Ro ON Y shares. 11CJ i U0)j 117 110 Doyal D A share. 117) St Joseph Lead . Hli St L.-San Fran . . 27 St 1-San Fran pf. 30 St I' Southvvrn .. 20U Savago Arms' .... 84 Ji Saxon Motor .... 22 Seaboard Air L, . 10 Seaboard A U pf. 21 Sears R & Co ...210 Shattuck-Arlz ... 17 Sinclair Oil Ref. 03 Sloss-Sheff S & I. 74H Southern Pacific .108U Southern Rwy . . 30V Southern R pf . . GS Strom Carburetor. 02W Studebakcr Co . . . 30b) 100 10S55 109 Studebaker Co pf . 101JS 101 101 101 Stutz Motor ....100'i 110 107 107.W Superior Steel .. 47V Tcnn Cop & chem 105 1GJ, 105 105 Texas Co 273 281 274 270 Texas & Pacific .. Mi 05f G5X 05?4' Third Avenue ... 23 24!i 24.4 24H Tobacco Prod ...I03H 104.' 1024 104 Tob Prod pf .... 100 SW. OOJt 00,' Tob Prod rts . . . 22 Tol St b i W tr, 0 Tran & Williams. 5GJJ f.OJi fOJj 5G4 Underwood Type. 173 Union H & P .... 02 Union Paclflo ...1331. 135H 1345 1.15J4 Union Pacific pf. 72 72 72 72 United Alloy St . 65'; 55Ji 65H, 55)j Unltcd.Clgar S . 105'i 108'f 10o! 19G51 United Drug ....131M Un J)rug 1st pf . 504 51 51 51 Un DruK 2d pf ..130 United Fruit 187M Un Rs Invest ... 11 Un Ry Invest pf. T0i U S cast I P & F. T5 DSCII'l F pf. 724 U S Express .... 2(K U S Food l'rod . 701 U S Ind Alcohol. 140 U S It & I Co .. 47 U S Rubber 1334 1334 1314 132 U S RUb lRt pf .118 1103a 1104 1104 U S Sm Ref & M 09 G1i 084 094 U S Sm II & Mpf. 404 404 404 49.4 U S Steel .......1134 1144 113) 11.11 U S Steel p ...110J. 117 1104 117 Utah Copper .... 0V 074 955f 0Gi Utah Securities . JDJi Va Iron Coal & C, 084 Va-Caro Chem .'. 89 814 S8 88 Va-Caro chem pf.H4f 115 114'f 115 114 12 11 12 354 304 3rf 304 23J., 23J4 234 234 fC 07 07 07 145f 14t' 144 14.4 29 27J 27f 2'i 244 25 24i 25 58 68 68 58 89 SS'f 88?i 88)4 jooid 684 114 c Philadelphia Stocks H HlBh fiO Am Strs. 34 I.OW 34 Clnieo 34 Net chit. 7ft II A H tc prcf ... r.04 50 50V4 135 rtrlll .1 O 02 58V4 585 CO Chi St 1 ' & Mil. 50 BOH 50.. 100 Ten Ia.ll4V4 114V, 114V, , 2(1 Kenne t'. ny, -' i'Aft Vi 3704 Elec Stor 05 100 Ile .... inu 400 (len Asph 80 30 I C X A. 33 2035 Key T Co 10?, 11 do pref. 55 21 my 80 33 10 55 22 71 . 82 00 04 1 ioy y 81) 2 33 10 55 1' 2274 71 53 . . 00 1 lb54 1814 1854 14 13'. 14 31 30' 3 14 3Gf 344 345 204 2(4 2GJ 704 784 784 1404 145'f ri7J Dome Mines Kll; Horn Coal Kmerson-Brant Kndicott J .... Kndlcott J pf , i:n8 Erie 1st pf .., Erie. 2d pf ... Fam Players-Li Fam Play rts . . I Fed Mln & Smelt. Fed M & S pf .. Fisher Bejdy . , , . Freeport Texas . Gaston Wm &. W. 114 em 14.' Si' Hi 1 B4Va IS'. 3A HTANDAim OILS Illinois 1H1 Ohio 881 rrnirK1 imp .. . ...?eei 8 () rl 2S1 S O N J . . .740 SONY 3RO 100 3S1 2(11 2SS "in 381 1SS 3S1 7 in 3RJ General C gar , General Klectrlo General Motors Gen Motors pf . (Jen Motors deb Good (B F) deb Goodrich pf Gt Northern pf Dt N C for O P . Granby Consol . . 3reene-Can Cop . Gulf States Steel. Gulf Mob & N .. Hartman Corp . . . Haskell & Barker. Illinois Central .. Inspiration con 01.4 .374 fc54 004 .)04 824 834 .170 ... .21V, 2JG' . 024 01 . b4 89'' 89.4 . tG 80' SG .H'JJf lOJ'i 102.4 . 054 06' OT, 0f4 504 504 0J4' .30'i 854 34 40' 7(14 It 034 G8 103 074 34 214!i J14 914 89'i 80 lOJJi 004 5))l Wabash Wabash pf A ... Wabash pf B . . Wells Fargo Ex Western Md ... West Md 2d pi . West Pac fie ... Western Pac pf Western Un Tet Westing A B . . . Westing E & M Wheel & Lake E. Wheel . I, K pf. White Motors ... Wilson & Co .... Wilson & Co pf. wiujs-uverland , Wlllys-Wver pf ., Wool (F W) co . Worthlngton P . , ,1541 I.k S Cor 2.05 I,eh Xnv. 72 102 I.eh Vol. 53 110 Mldvale.. 00 . 25 X Y X II & II... 35 35 , 200 Owen I. 00 50 383 I'n II It. 4(1 45i 75 I'a Salt.. 82 82 100 Pa S Stl 50 50 010 Phil Klec 25 25 417 1 It T to 21) 20 304 I'h Trart 00 08 30 Heading. 02 02 250 Ton Ilel. 3)4 34 1200 Ton Mln. 3ft 3 10 I'n Tract 3!) 30 1404 V C, I... 71 70 ' 045 V S Stl.114113113 100 War I &S 84 84 84 333 W Cra'p.103 100 100 35 1 0 2 15 82 50.. 25.. 20 0I)1 02 y.. 3.. , 30 704 TRADE ON LOCAL EXCHANGE ' SPREADS OVER ENTIRE LIST Storage Battery Leads in Matter of Sales Keystone Telephone a Center of Interest Lake Superior Active , , - - Itustness on the I'lilladelphla''Htock Kxchayge today vvnn scattered pretty generally over the entire list, with the trend nf prices toward higher tcrels. Klcctrlc Htornge Hatteny was the leader, so far ait volume of sales was concerned, nnd during the session reached high of 05. The usual crop of rumors concerning the activity In this Issue sprang up durlug the day. One ol these, which has been heard frequently, was to the effect that (Jenerab Motora has acquired control of the company nnd that an announcement bearing on the purchase vvoilld be made In the next couple of weeks. These reports were lack Ing oflirlnl confirmation. Kdystone Telephone was another center nf interest, the common being quite largely traded In. Ilnth issues were market), up during the day. Lake 8u perlor was another favorite, hanging around recent levels. In the first hour a block of n hundred sires of I'enn-Senboard Steel, in which therein a large local interest, sold nt 50, which compares with 55, th closing price In Xew York last night. The issue has been strong In the market there for the last week. Cramps, closing yesterday at 100, made n spurt during the morning to 103. Later it fell back, but closed strong at an advance over last night. I'nlted Oas Improvement, which developed buoyancy in yesterday 'h session, received fair attention today, closing fractionally higher. Philadelphia Ilapld Transit, Philadelphia Traction and Philadelphia Electric held steady. Outside of a sale of I'lectric and People's Traction 4s, nt 70, a gain over the Inst previous sale, transactions in bonds were limited nnd price change! unimportant. LONDON STOCK MARKET $1000 Allegli ) Vnl 4s. 1100 Kl & Peo Tr 4s.. 4000 Key Tele 1st 5s, C000 Lake Sup" inc 5s.. 12000 Leh Vnl con 4s 1023... 2000 Victory 4y4s... 4700 Phil i;iec 1st 5s.. 10000 Sou Itvvy 4s 2000 Til Uwy Inv 5s. 2000 Welsbnch Co 5s. . IM)M)S High I.ow Close- Net chse 80 70 00 05 80 09 00 05 05 80.. r.o 00 .. 05 . . 05 . . 00.00 00.00 00.00. 00 05 OS 05 05 05 78 . OS "OS New York Bonds pHlrs In nooo , 1 Ang-French 5s. 25 Lib llond 3s. 20 do cv 4s 23 do 1st 4s. Htsh I.nw 2 ein 07 07 07 00.30 00.30 00.30 03.DS 03.118 03.0S 03.00 03.00 113.00 5 do 4s 04.08 04.0S 04.08 OS do 2d 4s 04.00 01.00 04.011 152 elo 4th 4s... 04.08 03.00 03.00 42 Vic notes 4s.. 00.08 00.00 00.0S 230 elo 3T,s 100 100 100 5 Citv of Paris 0s. 07 07 07 1 I'll K C.t II & I 5s 1021 0S 08 08 1 do5s 1037... OS 08 OS CHICAGO BUTTER AND EGGS (Mracev. Jiil 1(1 I1UTTEII nerelpt, 14 140 tub- "ieail 'inn, .'JHc: nrati, 4t.1"c. seconds. 47048V4C. .. ...S ..it i.ts. !.!. cisps. fUmdi 1 Irsts 4mN24e:- nnUnary rtrsts. Sn iee mieMinrnei Trading Is Not Brisk, Although List Remains Steady London, July 10". Although a more confident feeling prevailed on the stock exchange today, brought about by a clearing of the. atmosphere following the debote on the coal question in Parlia ment, trndlng In securities was not brisk. The city wns inclined to tnke a more hopeful view of the coal labor fcitimtion gcernlly. On the whole the markets were steady. Home rails were flabby. Iluv -ing of Canadian Pacifies was continued and the shares of Aigentinn and Mexi can roads rallied. The' oil group, which showed buoy ancy yesterday .under the lead of Shell Transport; wns without a leader today. LOCAL MINING STOCKS TONOPAH STOCKS . mi Jim Duller , VJ MacNamara 4....X 81 Midway .31 Mlznah Extension 07 Montana IS Northern Rtar 08 Heruft Kula ,1s West End IH OOI.DFIEMJ STOCKS Atlanta 03 mux Dull Of Hooth 08 niamondneld II II 01 Daisy 01 Kemanas ,. .02 Oro 01 silver rick nil tJngarhead 09 MISCni.I.ANKOUS tTnlted Set Arlrona 1 Nevada iecopa. Wonder Mining .41 .00 Ask .34 :!? 01 .18 .10 04 .03 .10- .03 .04 .03 .OR 10 2S S3 .U RAILROAD EARNINGS COIXHIADO AND SOUTHKIIN LINES lain Increase, First week Jul.... MIS. 107 163,339 January 1-Jub 1.... 12.014. 043 1.(191, 038 : ordinary IS' W41U r :r KU1JTZ BROTHERS Bankers and Brokers 1421 Chestnut Street Announce That MR. HARRY J. LAWRENCE, JR. has become associated with them and will have charge of their department of INVESTMENT SECURITIES 23 ' 72 H 102 101 38J 1177 132! Mii 6RK 12 2Vi 73 1C41. 101 iR'( 7Ji 132 S7 58 11X 22M 70 101 101 3S 07! i 132 lM 585 12 23h 70. 10.1J5 101 38 075. 132 bl 73 mi 72 INDEPENDENT OILS Allen Oil lloston Wo Oil Corden & Co ... Elk rtasin . Inter Petrol . Island Oil ft T . Olenrock Oil . . Houston fill . .. Merrltt Oil Met Petrol . .. . Midwest Oil Ohio Fuel .... Omar OH ft Gas Sapulpa P.ef .. Hequoah Sinclair Sinclair Oulf . . Houthnrst Oil .. United Oil . . 31 7oJt lis 27 2(1 01 74 54 li. 02 ii'i 3?H 5!. 121 27 hi .1 1B1 21 01 8 (14 li 00 2S m 1 CO 11 , OH 3n, 7S ' 120 3 02: MfNINO STOCKS M Financial Briefs t9 Trrnrr nrLirlr .fj. O. JUUJEJVl I Djnuo ,n i)i fau 9XVIU. fiuuu HUfJ AND RKCOMMENIlKn rva im v tMTii trT tr?r tgmga, nenuerson xoeo 1419 CHESTNUT STREET i N. T. uil Fhlla.x Stack Exchanxai f I 'A1- adtriutor. beclnnor preferred. lag aomes knowleuaTt of tho Haiarr so per week waanUslaaa. Kepllea con' W..,yBc A 12. IUta i 4 P S3 x . The Xew York Subtreaaury lost $1, 185,000 to the banks yesterday, reducing the cafsh net gain since 1'rldaj to $5, 440,000. Harry J. Lawrence, Jr., has become associated with Kurtr. Itrothers and will have charge of department of In vestment securities. Dealings In exchange on Heriin, Hamburg and other important financial centers was resumed yesterday, the first since March, 1017. AH the markets In Iondon will be closed on Saturday, The Federal Reserve Bank tomorrow will withdraw from depositories In the Third district 75 per cent of the tax certificate deposits lup to July 5, amounting to $8,n80,000. The reserve bank withdrew government deposits yes terday fo the wtent of $22,000,000, so that total withdrawals this week will exceed ?iW,O00,0O0. M ' MLy, Alaska H C 111 Ledge Irulte New York . . lloston Mont ... . . C V 8 ft Jeroms .. Con Arix First National Tortuna Cona . . Ooldde'ld Cona . . Ooldfleld Florence Goldneld Kewanas Ooldfletd Merxer . oreen Monster . . Heclaj M nlntt . Howe Sound Independencet lead Jerome Verde Jim Ilutler Jumbo Extension MacNamara Cres . . Me-Klnley Parrarh Maa-mii Topper ilnther Lode Mln-s Co of America National Tin Vnvada Hills . . Nevada Wonder Nlplsslnff ltay iiercuies .. ; Han Toy TonopAh Extension . ITnitea verae .... White) Caps . .. IIONDI Cosden Oil 4s Cosden ft Co Ca Russian Oovt 3 Vis do OVts J i IH 4 40 1(1 60 BV4 4K , 10 41 1 41 42 l;i 4H It 100 100 til (17 m J no is 70 3S .i 12 47 01 r,n 44 J lo 4H in 2H .10 10 10.1 10.1 111 58 IH t. 91 1A 17 OS 5H 41 01 48 JOS 3H 0G' 91 GS CO 103 103 08M 07M 7'i 7lj 2flJ, 'i 34vi 3t', 00,'j RSI, 45f 72 ' bW (.0 103 liM 7i 2SI' 31If SSh Interboro Consol. "Jf Int Consol p .... 20' Inter Agr cul .... ,)( Inter Agrlcul pf . 00 Inter Harv new .H.ri)j 144K 1431, 1431J inter flier & ai ... t.i v,i ft I TiSlJ Int M M Pf 118 . 120J- ll'JK 119'' Inter Nickel .... 32.1 32 AVI J1I Inter Paper 67 CO1 J r,7 09 Inter P pf stpd . 78fj 79i 7nfi 7UJi Jevel Tea 3'IH 3') 39i 39 Jonea Tea AM 44 42 42 Kan City Souths. 23M 24V- 23J, 24i Kelsey wneei . . . 04)4 Kelly Spring TJre.l37.'f 13S, 1374 137'i Kej stone T &TX .123 I23W 1221 ( 122V Kennecott uop .. ita 4.1 ij ir VUi 93 90, 00U 37H 37 37 37 S2J, 5Vi 52J, 53H 113H 113H 1131, 1HK U Ui 7Gij 70' i 2 !0 231 1105 120J( Lack Steel hLee Hub & Tire Lehigh Valley . Llg & Myers pf Ixmse-W Ills . Lorlllard (P) Co .235i 231 Louis & Nash ...119H 120' MONEY-LENDING RATES NEW YOItK JloneyVn call, mixed collateral, opened today at 0 per cent for leading and renewing. On all in dustrial collateral the opening note was 7 per tent. Time monej was firm today, loans nir all Inilii'jtrials being made from O1 to 7 per cent. The bid for mixed col lateral was 0 per cent firm. It was stated that a fairly substan tial amount of money was put out at these rates from periods ranging from sixtj to ninetj days. Acceptance bills were unchanged at 4(e4 5-10 per cent. PHILADELPHIA Call, 5 per cent; time, fi(jr(l per cent; commer cial paper, three to bIx months, fiig! CV4 per cent, and six months, 0 per cent. LONDON Money it quoted at 2 per cent. Discount rates, short bills 3 7'MiStj per cent; three mouths bills 3 9-10(f(3 per cent. GOVERNMENT DONDS Panama coupon 2s 1030 ... Panama registered 2s. 1936 . ranama coupon 2s, 103S ., , Panama registered - 1(l8! Panama coupon 8s, 1001. , , Tanama registered 8s, 1D01 .. Philippine 4s, 1034 Philippine 4. 1031 Philippine 4sv 1030 17 S Oott .flfupnn 2 11130... U S Oovt registered 2s. 1030. u 1 (lovi coupon ds. into U H Govt registered Sa 11 Id S Aok Lor'l CP) Co pf.112 111', IMH Ul!, Mannnt nirt ... ao 3 3.VJ Harwell Motors . C3'f 53)i 62h M'f Max M 1st pf . . . 78,'i 70K 78 78, Max M 2d pf ... 42 41H 41 41 Mavr Wept btores.107 Mexican Petrol . . 193Jf 202H 104,'f 201 U S Oovt coupon 4, 1023. tr 8 Oovt registered 4, pm 01 v"utnD1 jVOa j ' nt. 1.V1 I ' -., -. , IK 08 0S4 OKU 8 V4 ftO 02 SO ft.! 00 0)1 en 4Vi on on on", nail nnvi 00K so 02 un 112 IS1SI. loeiC lnevu S.OlSa. 1054.. BT lno'-" ..-- - J---ei is. .t p ' t j 1049. Miami Copperr ... 31 Mldvalo Steel ... 0IJ, Minn & St L. new. 21 M St P & S S M. S7H Mo Kan & Texas. 10H Mo Kan & Tex pf. 21H Mo Paclflo !! Mo Pacific pf .... fiGU Montana Power . 77( National Acme .. 40H National Biscuit .130)$ Nat Cloak &.Sult. 88 Nat'Cloak & 3 pf. lOGJt Nat Con & Cable . 24!f Nat Enam & S .. tAH Nat i:n & S pf . . 102 National Lead . . . 8Mf Nat It of M 2d pf. 9,'C Nevada Con Cop. 21 New Or Tex & M. 4S!i N Y Air Brake .127 N Y Central .... 81 N Y Chl'& St L. . 32K N Y Dock 44M N Y Dock pf .... f.8 N Y N II & H... 331, N Y Ont & Wes.. 22! Nor & Western North American North I'ocino ... Nova Sco S & C. Oh'o Cities Oas . Ohio Fuel Supply, 32 01 23 lb'a 21M 37) 1 o71i 79j 40V, 24. 83 86!, 10 21H 44 31 GO 21 10 21 36'f o7 79, 40 31 GO 2.1K 'ion 21M 37 fl7 79li 40 FOREIGN EXCHANGE New York, July 10. There was a further considerable break in sterling rntes at thp opening of the foreign ex change market today, when elemnnd dropped to 4.34V and cables 4.35. The entire market displayed a nervous tone with" rntes ruling generally lower. Also there wasTeported to hnve been several transactions in marks on Tuesday. In terests identified with the trade said that the business In this department has j been conhned wltnln cxtrcmciv narrow lllnits. Marks were nominally quoted today nt 8 and 8V3. Quotations were; Demand sterling' 4.34. cables 4.35; franc checks 7.07, cables 7.05; lire checks 8.5", cablfs 8.55 J Swiss checks 5.70, cables 5.08; guilders checks 37:K, cables 37; pesetas checks 10.08, cables 10.15; Stockholm checks 24.40, cables 24.00; Chrlstlanla checks 23.00, cables 23.80; lopenhage.n cheeks 22.50, cables 22.70; Antwerp checks 7.37, cables 7.35.1 23!f 83 bb 21M 43M 82 81 44)4 fill 39H 22 At CI 34H 22!f 23!f 83 SG, 0'i 2l5i 43h "lii 44 50 38J Mil ,107 1'7H 107H 107M 67W 90 88W 9Jf (3H (07 na 88J, 9 Ontario Mlnlnr . . W Okla Trod & Itcr.OJ, k y-& I ' ,0 8K 8M JIM ' Ar?" sftjlt- " .fh 67 W 89 &0 'A" BANK CLEARINGS nank clearings today compared with cor responding day last two years: into 1018 1017 lloston.. 170 023 20(1 5S.BOfl,202 $4e).tV29.20S 1'hlla. . K0.220.21R SO.778.747 (10 013 0112 N. Y 1,140,008.017 718.O78.074 712.033,419 Ualtlmore 13,849,330 13,801.104 4ll.oJU,2U3 No Change In Refined Sufjar New York. July 10. The refined sugar market continues unchanged both as to e'ondltions and prices. Tile War ner and National -Companies ore still withdrawn. The American Coinpnny is acceptlug business for September de-. livery, while Arbuckle Itrotliera are accepting buslness'ln some of the soft grades, Lut are still withdrawn on granulated. Raws are also unchanged nt 7.28c for 00-degree centrifugals. The I'nlted States sugar equalization board made no purchases of raws on, Tuesday. DIVIDENDS DECLARED Fairbanks Company,, quarterly of 3 per eent on first orelerreo. payaoie August i V.VII, a,. ar ""r "- In arevoU nt rtwVtPi. lUV 20, Mot-chants' Union Trust trlr of 1 psr Ltrckhcldern otf ntival ft JlHW Coiupany. itK Jul ouar 31 to . if $5,000,000 AMERICAN WHOLESALE CORPORATION (Baltimore Bargain House) Incorporated under the Laws of the State of Maryland 7 CUMULATIVE PREFERRED STOCK Preferred as to Assets and Dividends The whole or any part redeemable at the optloti of the Corporation on any dividend date, on ninety daj' previous notice, at $1 10. per share and accrued dividend Cen: sal Un:on Trust Co. ok New York Columbia Trust Company Nrvv York, N. Y. Nkvv York, N. Y. (Transfer Agent) (Registrar) CAPITAUZATION Seven Per Cent, Cumulative Preferred Stock (Par Value $100) Dividends Payable quarterly beginning October 1, 1919. (Dividends cumdlativc from July 1st, 1919) AuTiio!U7K! i , . .$9,000,000 To be Presently Outstanding 8,500,000 Common Stock (No Par Value) Authorized 150,000 shares To be Presently Outstanding 90,000 shared s . Wc summarize as follows from a letter of Mr. Jacob Epstein, President of the Corporation, copies of vyhich may be had fromthe undersigned upon request. Business - American Wholesale Corporation (Baltimore Bargain House) is a large manufacturer and conducts a wholesale mail order business in general merchandise by means of catalogue. Amortization i The Corporation agrees to expend each year, out of net profits, an amount equal to 25 of the net earnings of the preceding year, after payment of preferred dividends, in the purchase and retire ment of its preferred stock, but not less than 3$) of the largest amount in par value of the preferred stock that shall have been at one time issued and outstanding. ' Restrictions The Corporation cannot mortgage any part of its property except in renewal or extension of its present mortgages, without the consent of the holders of at least three-quarters in interest of the preferred stock. . . . , Earnings The sales and profits of the business and properties acquired by the Corporation for the past three years, after deduction in each year of expenditures on improvements and additions at least adequate to cover depreciation on property and plant and before the making of provision lor Federal Excess Profit and Income Taxes, have been certified to the undersigned by Messrs. Ernst and Ernst, Public Accountants, as follows : v SALES PROFITS Year 1916 - - $20,735,637.62 - $2,012,937.04 Year 1917 - - 23,700,722.36 - 2,600,747.63 Year 1918 . . 24,502,376.00 - 3,501,340.60 The legality of the organization of the Corporation and the issue of its securities will be apprpved by Messrs. Sullivan &. Cromwell, of New York, representing the Bankers, and Messrs. Venable, Baetjer & Howard, of "Baltimore, representing the Vendors, and this offering is in all respects subject to such approval, ' Application will be made in due course to list the Preferred Stock on the New York Stock Exchange. Price $100 and .accrued dividend The undersigned offer this preferred stock for subscription, subject to allotment (when, as and if issued and accepted "by them), deliverable on or about July 14, 1919, on two days' previous notice, and payable in Kew York funds at the office of Me-srs. Goldman, Sachs & Co., 60 Wall Street,, in the City of New York. Deliver' will be made in the form of interim certificates, exchangeable for definitive stock certificates as soon as such certificates can be prepared, LEHMAN BROTHERS GOLDMAN, SACHS (Bl CO. ' Mow ,.. Cltv ' NewYorhity Chicago Wow YorK City Bootoi. San Francisco. The above information while, not guaranteed, hat been obtained from sources which we believe to be reliable. v UP t rf i'3E i II ill I h affiaK.IjSSat ja ..aakwikL Jl - yj r i irp1lfiiri 111 T?e-rVltfa1lVrtlarVwfelJltfliilil1i A- ifftli M S i M .tju .1..
Significant historical Pennsylvania newspapers