i. y -M-u, & ftl '"I A- EVENING PUBLIC LBOGBft-PHffiADELPHlAV- FRIDAY, JUNE fif, 1920 " - t. IM t' I :.v'ui .u II 7 "'t, K' & fc' l-v ifn BB' 1 fv It rsy - :'i w 1 & ? ' Sty ' American Light & Traction Company 5-Ycar 6 Gold Note Carrying warrants en titling holders to pur chase Common Stock at fixed prices. Price 94 94 and intereit to yield ovor 7H Circular on rftiucit for I'K-312 . TheNationalCrty Company Omc In over 50 Cities Philadelphia 1421 Che.tnut St. Atlantic City Challonte Dlock 1Z2B Doardwallc ! ISiJ I FAIllNfi FFATIIRR x45g5' LLnuiiiu i LniuiiLU i ii - Developments at Chicago Ap parently. Shaping to Wall Street's Liking & tTnderlying Bonds of Important Railroads 'In the opinion of many .experienced bankers, investors should con sider with care the ad vantages of buying now the underlying bonds of the great rail road systems. It is generally considered that these bonds are second only to munici pals with respect to safety. Write for our recommendations Hemphill, Noyes & Co. Members Xcw York H'ork Kxchanoe Franklin Bk. Bldg., Philadelphia New York Uoston Scranton NEW YORK STOCK EXCHANGE TRANSACTIONS niv. Cities Service Co. Preferred Stock Dividend Earned 4 Times Over 9 Return on Investment Monthly Dividends Circular P on Request Henry L. Doherty & Company 604 Morris Bldg. Philadelphia, Pa. Phone l.UCti-T 1410 Nrtv York. Juno 11. The decidedly strong undertone exhibited by todny'H Mock market suggested that develop ments nt ChlcnRo were going very itronjtly to Wall street' liking. This iden. nt lenst. vbh indlcnted by the "trensth of certain Industrial special ties, sponsors for whom were known to be nt Windy City getting n cloc-1innil view of the political Mtuntlon. At the same time, the rank and file of the trading contingent were convinced much of the uncertainties had been eliminated in the adoption of the platform with the appnrent nide-trnckitiR of the more radical element. Pcsnlte the predictions of higher rates for call money for the over week-end lontiH. the various bull nools were moderately active' at the outset and gave their specialties boosts from one to over two points. With no pro nounced increase in business, and In fare of nn 8 per cent renewal call money rate, the maximum initial vate of the week, and a later advnnce to ft per cent, gains among the steel, equipment, oil and chemical shares were materially extended during the morning. Crucible was the outstanding feature of the steel group with nn extreme ad vance of almost 10 points. At the same time Lackawanna Steel was pushed up l points. Ueplogle .Tj and Vanadium 2j. Mexican Petroleum was elevated 3 and Pan-American '2. Stromberg featured the motor specialties, gaining fi points, nud Industrial Alcohol. 1'ood Products and Barrett rose 1 to 3. There was also some demand for dormant equipments mid.. specialties such us Chi cago Pneumatic Tool, Pressed Steel Car and I'nion Itag and Paper. On the an nouncement of the quashing of the profiteering indictments against Ameri can Woolen, fhut stock moved up with in a shadow of 10."i While these were the more con spicuous movements the representative issues also displayed a much stronger tone and the elevation of 1'nited States Steel to above 04 had an Invigornting intU.ciu.r upon the whole list, except ing the railrondft which continued slug gitdi. The only noteworthy movement in the group was an advance of 1 13 points in Missouri Pacific. Ah the nomination of 1 undulates be gan all other considerations of the sit uation were completely overlooked by reason of the intense interest manifested in the bulletins from the floor of the convention. The progressive upward swing of the list at the snme time suggested increasing unensinrss among the outstanding short interest and the rnnHiuicd covei-lne of this element kept the nose of the market pointed upward. The dealings, as in the preceding ses sions, were pructically rnuhnril to tne professionals. Public interest was extremely .small. A Complete INVESTMENT SERVICE Special i.it n In OHIO MOTOR AMj RUBBER STOCKS ACCEPTANCES BONDS STOCKS CORPORA TION FINANCING OTIS & CO. Investment Bunkers CLEVELAND Boston Detroit Cincinnati Columbus Akron Younjjstown Denver Colorado Springs A'EB" BOTTOM FOR UNITED GAS IMP. Recurrent Liquidation Influ enced Largely by Tight Money Market Conditions On each succeeding day of the cur rent week a fresli weak spot has devel oped in the local market. Today it was T'mted !as Improvement. Ttecurrent llilllll.tl Hill 111 mill :ii" i 'tmnn 11. 'i" J to n new low record at 41. or SI under lost night's closing level. The renewed selling pressure cunie in for some Mir- , prise in view of the declaration of the' regular quartcrlj dividend, and seemed to lime been inspired b. reason of the statement made by the company in con nection with the ihnngc of grade of gas. Thjs. however. ;i more of an excuse than a lensoii. I ndoubtedly the more direct motive would be found 111 the tight monex market condition. Further di'ibluiig Ii iiiiihitiou was also in existence in IVnulviinin Railroad, but price was ng.iui well sustained ut HS-Jh or thereabouts I inou Traction nlso was offered mure freeij , which, however, was absorbed at .'Ml. On sninller snles Philadelphia Hapid Tran sit ielded '( to 1!H,. Philadelphia Klcctrie was held nt 17,. 1 The 1 iiiiiiiiunl tlnmics of the mnr- ket wiis 1 elicited in the advance of ISI.oO 111 i:ic(twc Storage Mattery to 111- Alsn mi the .si advance in North Pcniis.xlwiiu.i to so .t the Mime time. I in the di op of Si m Pennsylvania Salt to (is., which ws u new bottom price for that stock. ' A iiinas of the lending loaning in stitutions taihd to disclose any up- Ipiecuible rininge 111 local iiionej condi tions. It was the testimony of the 'officials of the larger institutions that the liquidation of bank credits was niogressing slowh but satisfactorily. , Moiiim is , till decideill) tight. In fact. 1 Mftunlh few loans ure being iiegotiuted uiidi r s per lent. Some renewuls have bun made the Inst few dujs ut 7'v. r cent oti high-grade collateral" Prhops the best Illustration of the market is found in the discounting to dm of the paper of one of the leading mercantile hnnc at s per cent. Paper wlndi. 111 normal times, is greedilj cniliheil bv the bunks nt .'i to I!'., per I nt . Sales In I ,ih txiw 200 .. Advsnca numely . ... as 14 3 Jno n Advnnco numely pt.. flo C5 too .. Alaska .luncurr U M.. 214 311 310 .. Alnskiv QoM Mines... 1!5 114 0 in Am Porch Mnjmeto . .117 V& HJ4 300 a Am Bank Note 40 35i '00 8 Am Beet Sugar 01 1 200 : Am Br Shoo 4 Fdy... 8DJ 87'4 1300 . Am fan 40 Ji .10ft 00 7 Am Can pf 01J4 lli 32J0 12 Am Car & Pdy.,....143H t?i 1200 so Am Drug Syn ........ 119, 11 li 100 .. Am Hldo & Leather.. 18J4 1R 100 7 Am Hldo & Leather pt 00t,4 0J5 1200 n Am Internnt Corp.... S7H 80J4 0) 3 Am Linseed 83 82 3700 e Am Locomotive 88? 7 300 .. Am Safety nazor ... 1014 1014 000 .. Am Ship & Com 24 J4 21 "00 4 Am Smelt & net CO 00 300 3 Am Steel Foundries... 3014 3Va 00 7 Am Sugar net 124?4 124 300 10 Am Sumatra Tob .... 8814 88 1000 8 Am Tel A Tel 94J4 94H 1000 8 Am Tob Seo temp ctfa 88 87 H 7700 7 Am Woolen 104 94 101 200 7 Am Woolen pt on OSH Moo m Woolen Co rls . . . 1 1 1700 4 Anaconda Copper ... . 87H 8C4 200 1 Asso Dry Goods 38 34 H 13(10 n Atch Top A Santo Ke. 7094 79 400 7 Atlantlo Const Line.. R0H 80 000 m Atl Gulf & W I S S...180H 160 400 Austin Nichols 24 24 H700 3,50 Baldwin Locomotive. .110J4 U8 1200 .. Baltlmoro & Ohio.... 319, 31 H 400 4 Baltlmoro & Ohio pt.. 4214 4t!4 4800 8 Barrett 138 132 I'OO .. Bethlehem Motors ... 21V4 21 8800 5 Bethlehem Stect B.... n 01 U 100 x Bethlehem StI 8 pf.110 110 200 . Bklyn Rapid Transit. 12 12 800 7 Brown Shoo DO 110 300 .. 1 'mido Centra! O & R. 1694 1B94 700 .. California Petroleum. r.04 2?4 1200 10 Canadian Paclflo ....11J 112H 1000 n Central Leather 68H 07 H 1600 4 Cerro de Pasco Cop:.. 44 4314 100 4 Ccrtaln-teed Prod .... 8SJ4 Sli'A 4100 10 Chandler Motors ....104 101 'S 800 .. Chi Mil A St Pau! pt.. 49 91 49V4 200 7 CM & Northwestern.. 70V4 "0W S100 x ciil Pneumatic Tool.. 80Ti 809 280O ..ChlRt&Pac 36?4 30'i 200 0 Chi It U Pao 6'i pf. 64 C3J, 100 7 Chi R I & Pao 7 pf. 73 9 13 '4 100 .. Chllo Copper 15K 189 200 i.bo Chlno Copper 30 30?, 200 B Clo Cm Chi & St L pf 03 VS 31S 3i) 1 Coco-Cola 34 339i 200 3 Colorado Iel A Iron. 33 33 !i 100 4 Col & So 1st pf 48 4 200 0 Columb Gas A Elec... 8094 801a 330 1 Col Graphophone .... 13 3!, 100 2 Con Interstate Cal M. liy l'J-i 3301 3 Consolidated Textiles. 38 3t 100 7 Continental Can 83 83 200 1 Continental Candy ... 109-i 1H 1200 4 Corn Products Ret... 041, 03H 0600 is Cruclblo Steel 14094 lSn1 400 .. Cuba Cano Sugar 8116 81 700 7 Cuba Cane Sugar pf.. 80Ji h09i 12C0 7 Cuban-Amer Sugar .. 80 88 100 10 Del Lack & Western.. 182 180 300 .. nik Horn Coal 20 10' 700 .. Erlo 119 lls 200 .. Erlo 1st pf 18?i 1894 300 A Famous I'laycrs-L ... 79 Ji 70), 0100 3 Flsk Rubber 34 32 Ji 200 .. Frceport Texas 28 21 94 100 .. Gen Am Tork Par... 4914 40' j 300 8 General Chemical ...1009-4 18SV4 400 (I Gen Cigar 60 es Yz 800 8 General Electric 141 141 14000 1 General Motors ctfs..t2SH 244 1885 .. Gen Motors Corp rts.. 1 I 1700 0 Goodrich B F 04ft "3 lOOO 7 Great Northern pf... 6014 69 Vj 2J0 4 Ut Nor Ore ctfs 38 J4 3814 3SU0 4 Haskell & Barker Car 71 14 6094 1700 1 Hupp Motor Car .... 2014 17 Ji 3J0 7 Illinois Central 81 14 81 14 1700 6 Inspiration Con Cop.. S2K S'il-i 360O 6 lntl Hnrwstor new...l3H 132(4 800 . Int Mer Marine 32V4 3214 1400 ri In Me. Marino pf.... 8094 88H 200 .. Internat Motortruck.. 88 14 88 !4 700 .. Internntlona! Nickel.. 1794 17 '4 200 7 Inter Nickel pf 8014 Ml'4 2000 .. International Paper .. 79 77 ?4 600 .. Iron Products Corp.. 4SJ4 45 100 4 Kelly-Spg Tire 105 105 300 s Kennccott Copper ... 2714 27 2200 1.30 Keystone TAR 2814 20 U 3400 0 Lackawanna Steel ... 73)4 7014 600 3.30 Lehigh Valley 4314 43' 1100 2 Loewe Co '-'"H 20 , 1110 .. Loft Corp H' 1H .'0(1 . I.oosp-Wilcs Biscuit . . 40 4.1 100 7 Manhattan Kiev guar. 14 41 Siflo Nt Txw (NTtml cjik 38144- 8J4 68 94 214 .. 1 14 11714 114 42 14 01 14 8994 4014 14 oih H 143 r 1 1194 14 1814 0014 M 8714 94 83 174 9894 114 1614- 94 2414-1 14 00 V4 30 !4 14 124 88 1 0414- 14 88 1- 14 IC2J4 214 0 94 !' 114 67H 1!4 349J 1? 79 "4 14 SO',- 14 ion 24 110 U-r 194 31H 14 4214 134 H 2T4 2114 H 83 2H 110 - V2 12 -- 14 no 1- 1 1694 J- 94 30 U-f ?i 11.1 ' 67H 1- Vt 44 1 8SJ-4 ' U 104 4 214 4994 34 7014 V 89 li -r 3ft 3BH- '4 64 lj 7394 14 1894 30?4- i 6314 . 3i 33 '4 48 14 ' 80i '4 3 1 1414 .18 i 14 83 10', , 04'i I I 14694 8H 1 81 I so?4 - '4 80 4 'i I 182 2 "4 20 1894- '4 704 - 14 31 Ht l'i I 25 19'j - '4 I IC094 5?4 1 66 -r 1 141 25 - 1J4 1 C3- 14 ca8 . 35 9-4 4 14 71'4 1H 20 '4 .114 81 !i 8214- 14 13814 3'4 3214 94 88 H- 'i fi8'4 1 1794 -- 14 8014 14 79 -' 1 4514 4- 14 105 14 2714 4 I, 2814 4- 2'4 73(4 1 43 14 4- 1 2! - h, 18 s, - 45 29, 41 1 Sales 4300 100 3000 100 800 000 7300 100 100 200 3(00 400 600 1000 1200 400 100 400 1400 200 too 100 100 100 100 800 7200 800 100 120O 460 too 100 400 800 4700 100 200 100 600 300 300 100 100 2700 100 7(100 4100 200 1900 1100 1990 2700 400 1100 too 300 3190 400 100 4100 500 I0O 1100 4508 1800 12300 3!0 100 3200 100 1300 60fl 700 100 100 200 1100 700 1700 100 200 300 14600 6100 0500 600 0600 100 100 18800 2300 400 100 10500 1100 300 100 200 .100 .100 3(200 200 800 100 SHI 200 100 Dlv. in 10 Mexican Petroleum 2 Miami Copper 2014 1.60 Middle States Corp.., 29 14 4 Mid vale Steel & Ord.. 43 H .. Mo Kansas A Texas.. 0(4 . . Missouri Paclfla 28 .. Missouri Pacinoipf... WA 3 Montana Power (to 7 Montana Power pf..." 08 .. Montgomery Word .. 3494 . . Nat Aniline A Chem.. 70 . Nat An A Chemical pr. oH 6 Nat Cloak A Suit.... 0014 B New York Central.... 6894 .. New York N II A II.. 3014 .. Norfolk A Western.. 8814 7 Northern Paclfla. .... 70 2 Nunally Co 16 4 Ohio Cities Gas 38(4 2.50 Ohio Fuel Supply.... 8114 .40 Okla Prod A Ret 4(4 . . Ontario Silver Mining- 7 8 Otis Elevator 124 .1 Owens Bottling Mach. 8714 4 Paclflo Revel Corp... 53 J .. Paclflo Develop rts.. 1(4 0 Pan-Amor Petrol ....104 7 Pan-Amor B 08 4 Parish A Bingham... 31 5 Pennsylvania R R.... 3814 .. Penn Seaboard Steel.. 27 .. Peoples Gas Chicago.. 37 . . Fere Marquctto 24 3 Philadelphia Co 37 .. Phllllpa Pet 3014 .. Pierce Arrow ........ 8114 .. Plerco Oil 10 8 Pittsburgh C of P.... 86 1 Pond Creek Coal 16J4 R Pressed Steel Car.... 10014 8 Pullman 110 ft Punta Alerro Sugar.. 102 94 8 Railway Steel Spring;. 0894 1 Ray Con Cop 17 4 Reading 8594 .. Remington Typewriter 63 Vt . . Replo Steel 80 14 0 Republlo Iron A Steel. 9274 .. Republlo Motortruck.. 48 .. Royal D N Y ....11094 .. St Louis San Fran... 24(4 .. St Louis Southwest... 13 .. St Louis Southwest pf 2294 0 Savago Arms 8094 .. Saxon Motor 10 . . Seaboard Air Line pf . 13 .74 Shell Transport 75 .. Sinclair Oil 32(4 6 Sloss Shcft , 67 . 7 Slosa Sheff pf 88 e Southern Paclfio 0294 .. Southern Rail 23 6 Southern Rail pf 88 7 Stan Oil of N J pf 101 H .. Stand Oil of N J rts. H 4 Stromberg C'arb 77 14 7 Studobaker 71(4 e Superior Steel 80 . . Tenn Cop A Chem. ... 10 2.S0 Texas Co 48 1, .. Texas A Pacific 4094 6 Tobacco Products ... 71 14 .. Transcontinental Oil. 14J' 5 Transun A Wms Steel 54 H 2.50 Twin City UT 30 '4 7 Twin City R T pf.... 80 8 Underwood Typew ...16414 8 Union Bag A Paper. . 90 .. Union Oil 20 10 Union Paclflo 11314 4 United Alloy Steel.... 41 12 United Fruit 200 .. United Rwy' Invest... 1I 3 United Retail Stores.. My, 6 U S Food Products.. 65 (4 8 U S Ind Alcohol .... 00 ..US Realty & Imp... 8694 8 U S Rubber 07 8 U S Rubber 1st pf...108 n U S Smelt A Ret.... 874 BUS Steel 0J14 7 U S Steel pf 10794 7 Utah Copper 69 94 6 Utah Seo 814 n Vanadium Corp 8214 2 Vlvaudou Ino 20(4 .. Wabash pf A 23(4 .. Western Paclflo 2794 7 Western Union Tel... 8494 4 Westlnghouse C A M. 40?i i White Motor 62 1 Willys-Overland 2014 B Wilson A Co 6.1 7 Wilson A Co pf 01(4 Wisconsin Central . . 20 8 Woolworth F W 113 fl Wortblngton Pump . . Cs 7 Worth Pump pf A.'. .. 80 K.x-UlvliJcMd. 2.30 Net Htth Low (NYtm) Chse. 18014 17794 18014 3 2014 4394 874 214 41 A no 5 3414 00 SI 88 68 204 B8J4 70 10 3814 81 414 7 124 8714 83 H 1 10294 714 31 3814 28 4 37 24 364 39 80 H 16 8814 1694 0914 10994 10114 08f4 17 87 94 63 J4 87 nm 48 11694 2414 1194 22 8014 n'4 13 78 32 66U 88 9214 2294 55 101 14 74 0994 50 10 48 4094 7114 It !4 5114 3014 80 101 1, 88 28 14 11294 41 200 10H 8114 63 4 88 1 4 36 95 108 8794 0394 K414 69(4 814 7994 197 :3!4 2794 8414 407a 81 10 r... 91 26 102(4 68 80 2014- ' 2894 14 4394 14 874 14 28 94 4114- 14 0-1 98 3414 - 14 70 ',9 01-14 88 - 214 bs - 14 2994 H 8814- 14 70 16-1 3SH. V 8114 4-114 414 .. 7 H 124 14 8714 94 8374 1 - 14 1(3(4 194 08 14 31 - I 3874 H 27 114 37 14 24 14 34 94 30 4 14 8094 '4 16 56 14 1694- 14 10014 V 10094 14 18294 ,H n9- H 17 14 SS94 94 6374 14 882 9214 1V4 484 11694 H 2414 - 14 12 - 14 22 .- 14 6094 4- 94 10 4- (4 13 - 14 7594 3214 14 67 14 88 9294 14 2294 . . 81 - (4 101 94 K 7014 314 71 4 3 80 14 10 (4 48(4 14 40 94 (4 7114 94 1474 14 5496- 14 30tf 14 80 10414-2014 89 114 2814- 14 113 14 44 14 200 - 74 1074 14 3(4 3 682 60(4 274 86 t 07 214 108 8794 14 0194 1(4 10196 .. 61.94 14 8(4 14 8114 194 1074- 14 V314 14 2794 (4 8194 2(4 1974 .. 2 74 20 1 63 -- . 14 0114- 2(4 26 - 1 94 K-214- V2 fS r 114 80 294 ASPHALT-FEATURE OF CURB MARKET New Chicago and Northwestern 7 Per Cont. Notes Shaded Undor Par New Yorlt, June 11. New York In terests apparently have jiome scheme In view to Obtain control of General Asphnlt nnd this morning openly bought and bid for large blocks or this stock, putting it up from 72 to 70 during the forenoon, overbidding Philadelphia Interests In order to add to their ac cumulation. So for tm?rc has been nothing definite to acdount for,, this movement, but the belief here IsMhat some development of nn Important na ture Is close nt hand. Texas Pneiflp Conl and Oil did not maintain the strong tone shown In (Jie two preceding two days nnd was In large supply, over 10,000 shares being traded In nt (0 to -10. Simnis was firm with Bales nt 17 to 18. A fcuturo of the outside morket was (ho offerings of the Chicago and North western new 7 per cent notes, which were oversubscribed yesterday at 100, nnd were traded In on the curb today nt W to 1)0. Sweets Co. sold nt 1 at the opening nnd then moved up to 1nfc. INIIUST1UAT.R Acme Cost ... . . Aetna Kxn vet .. A mer Ctndy Car Llsht . Clen Asphalt Hercules I'tr . ... Kcytono Holether ... Lima I.0C0 North Amer Pauer . Perfection Tiro . . Radio om . . IlnOlo Com pt . Hlnsrr Mfa Standard linn & Elec submarine U0.1t 8wets Co . ... U H HlBh Speed Tool V B Steam . .' United 1'rorH tfharlna- , 34 70S t i( .1 111 "A M .121 11 mi4 . 12i 1 . IS INDKPKNDBNT OILS 12.1 iavi Kit 32 Allied Oil AmM'noalty .. IIIK Heart Iloons oil . ... Circle Oil . Cuahlnir I'etn Duquerne . Engineers Petrol Kameralda oil I edernl Oil Olenrock Oil lnt Petrol . 28 an 17'. it m iS 3.1 u inland Oil Kay County dan 1J Kin Petroloum 8'4 r Commodity Markets COTTON MARKET New York. June 11 Cotton prices sustained ntintlu r break thi- morning, due to general and Wall street -filing on tine weatlc-r new-. First uuotn tions dropped a partial 13 points, which was follow ,.ii I,-, a decline of Jl.'.L'." for fi. tuber, or 17 points under the previous ! ' Stead) foreign trnde buing on n i.ile down absorbed the offering-. Ihiwimt. nnd prices later re coereil tlii'ii lo Niitionul 'Jinni'i- i-nndirinn figures on otton wire ii garbled in tinnMiiis sion that it wii- impossible to tell if the increase wii- 1 On per cent or S per cent, but n report of 5(10,000 bules consumed in May against 480,0(10 boles sed in Mu la-t jear was bullish. Weather new- seuernlU was favor able T"dv r o, npi-n Jul .s -Ii .'IS 2." Ofli.lj-i 4 - IJ .t.-. .to Itai-mlii-r 1-. hi 32 JiinUHi M TJ 'M 72 Mm h nil U.I is 1 i Jl'l Irl 1 I' I (N. V. time) 1 Cnhlen 11 30 - p m 3h .17 M.'i A 31 3:1 u m .l'i 40 .15. 10 :H.4n ;i3 7 FOREIGN EXCHANGE New York, June 11 Sterling nnd the, neutral European exchanges were strong ! In the opening quotations of the foreign cxchanBo market this morning. Demand sterling 3!i4'4. cables 3 H5 : Franc cables 13.12, checks 13 14. Other quo-tntlons- Lire cables 17 SO. checks 17.82 ; Belgian cables 12 47 checks 12.19: Swiss, cables 5.50, checlts 5 62 : guilder cables 3694. checlts 36',. . pesetns cables 10 ou, checks 1G45; .Stockholm cables 2190, checks 21. SO; Chnstlanla cables 17.90, checks 17 89: Copenhagen cables 17.10, checks 17.00 ...... After a blKh of 3 93U, and a low of 3.9 (' In the forenoon, sterling cables were"flrni at 3 96 at noon Demand was quoted nt 9l5 Franc cables were off slightly at IS 20 for cables and 13.04 for checks Lire i ables declined to IS in nnd iheckH to 18 l Marks eased off to 2 m YKsTKHI'AV S KINAI. (JL'OTATIONrt Mcrllutf 1-ranca Lire Oulldera Pemiind : !'2 la 12 17 S7 30 25 fable .. 3.' 1.110 17 55 30.27 TODAY S OPK.VINO QUOTATIONS SKrllnc I'rani-s Lire Guilders H ('', 13 12 17 so SOS, :i ti 1.1 in 17 S2 30 ; VOON" 01'"1'ATIONS SitT'ins- rr.inci Llie Guilders 3 Ot'-s 13 04 IS 12 3 "4 , Financial Briefs Philadelphia StocJcs Years of Remarkable Earnings We offer on better than a 7 basis the 5-year notes of a large corporation whose net earnings for the past ten years have aver aged over twelve times in terest charges on this issue. Notes carry common stock purchase warrants which should prove valuable as 10 cash dividends and 10 stock dividends have been paid regularly on this stock since 1909. Atl( for Circular 2424 Bonbright & Company 437 Che.tnut Street PhlUdelphi N.w York Bottoa 1 30 l. m :im.,. Hlsh Low VJ Am (ias . .'s'a :t.V; III tAm Sum Tobneio SSVj SSL, SSL .'!7 niecStor US 117 " 118 ' Jl Int'b Met tfs dep I.' Ifi 1.-, ."00 Kej Tel. 10 1(1 10 Hi." North Pa Ml sn so (Ml I'a It It.. :tSTs ;;s. .-ST .' I'a Salt . (is us us - ; K Hula Co cum pt .VJ .VJ .VJ . . 1." I'hil Klcc. 'JJl,H 'Jl's -J :tso I'lul It T. IK'v 10' 1 10'is - 47") tKeadiug. s.Vs S." s,"isT 7." tdo 1st pf 4J TJ -IJ . . his tdo jd pf t:t', :!', nn,. JIIOTono Mel. 1U 1, jr., . J7'J in True ::n :to ::n 100:1 r fi 1 .. ! 11 ii.,- S-OtCS Steel f)S, OH a, U4 tVtt ihunk'e mHd 1 rnmimrl.on ivuri ale on N Yuri. Mtock FxnhariKi V.-i ' rue -r1' -1 GRAIN MARKET Cliicago. June 11 Offerings of corn weie liglinr this morning nnd the un dertone nt the market was stronger. Several 1 niiimissinu houses were nn the buing side, nnd the undertone also wii- helpul b renewed stability in outs. The rci'i-ipi- tnmh were 14(! curs. July upeneil at SI 74 ', to S1.7."',i. against 1.7 l'i at tin- i-liise yesterday and after selling SI 7P. touched S1.7"ls. Sep tembir wa- itmted at Sl.OJ'a Ut the outset, against SI (II "H nt the close jes leidin. and later sold 11 1 SI.O.'I'-s. I'n-h sirength 111 oat- was brought about In not and dr weiitlier and light reieipts 'I'here wii- genernl bu.ing of September b commission houses. 1 einis 1 openeil nt Pomand ft.bl-s 13 20 He- thirl. -tlucc cars. .lul Sl.OJi. to S1.0II. against MONEY-LENDING RATES i:w youk Call money opened at 8 per cent. Tlu- feature of mniket for Ilxtd date funds aside from the continued limited offerings was a short maturity loan at 9 per cem ns ng.ilnst the recent nominal quotation of S'.; ior fent In prime bunk acceptances conditions were not appreciably changed There was n Fcartity of prime New Votk blllc (itherwlfe a fairly good sheet of offerings was reported, rates ranging from 0 per tent for thlrtv days, ll 'n iht etit for sixty da.s and 63 per cent for nlruK ilavs Prime mercantile paper was fulh us firm as heretofore without huMniss under S per cent and some hankers holding for 3' per cent. The lor.il nuirkft falls to show much, If nn Inereiiseil interest In paper by the ordinary l.nge huwii). The average price of twenty active Industrial slocks declined 0.2S per cent yesterday to 9.92 while twentv rall roada declined 0 2H per cent to 70 S8. Stockholdeis of Whfro Motor Co have authorized an Increase In the capital ization from 125.000,000 to $36,000,000. Mew Orleans Cotton Mvchange will be closed on July 3 and July 5, Indepen dence Day holldaH. Fouth Penn Oil Co reports for vcar ended December 31, reported neat earn ings after charges and federal tuxeh J2.GG8.23r.; equiU to 13 34 a share on $20,000,000 capital stock The Standard Oil Co of New .Terser In n statement IrjuciI to the New r0rr; Stock Kxchnnge coincident with the list! Ing of some $98 nno 000 additional 7 nor cent preferred stock, shows that tno """i""'.' n wn wj.ci aiiuns lor thii vpir -. .7 ,.' -,'a' resulted n uvi. riviiiniKs iiner lenerai taxes for the preceding year, of $20,fi34,32fi Th dividends received from ainilated com panics amounted to $15.01S,767. making Sf ,I3B8HlfJ83B aTh!Lab,e f0r dividends or J5,bo3,083 This was equlrnlent after preferred dividends to $34 50 a share on the common stock The New York Siihiro,... , . 5?.i?d7.f.ro!" 'fill- eida"?,nI!ea. y to lone fltnr Uaa Merrltt Oil, .Metropolitan Pet Morten Pet North Amer oil Ohio Furl . Olila Nat Gas Omar oil Prod A Itellners lied Jloek oil Slmms J'et Hlieliv oil .7 Texas Pacific Coal . . . Tropical OH Victoria on new Hoy de r ranee . . . Tex lllckard Minim; Alaaka-llrlt Columbia Atlanta 1'elcher Divide Ileleher Ux'.enilon llooth Ponton Montana Cnlnl Mining , Calumet t Jerome Cons Virginia Cortez Silver ('reason Gold Dlvldn Kxtcnnlon Lureka Crnenua Kureka Holl Golden Oalle Kp (Jold Cons Gold Development uoin .Merger Oold Sliver Pick Goid Zone dieat Ileml Kmrna Silver Honduras Sin Jumbo Extension Marsh Mining A'other Iirte Mother Iide new . . . Murrny Mox NIplMlnir Nortli Star Hex Cons .., UoiheMer Mines Hope Group San Tov .... Silver King of Arlr Silver King Divide . . S Sliver Lead Succena Mining Tnnopah Cash Hov . . . Tonopo-JIm Duller Tnnopah Midway Tonopnh Mlipah Tonnnili Montana 1 onopali Ilefli ue Kuln V S Com United Uantern VI. lory lute Cups . White Tops Kxtennlon Wllbert Yerrlngton bonds Allied Pack On ... A T T 0 of "J'J Anglo-Amer Oil 7 4. lvllan Govt 7 4s C C C and St I. fls. . C N W 7s of '30 Tuxas Co 7a 2fljs 1.V4 r.'I 31. a'i ts to 1A 1 n n r, 7t 27 't 3 no l'i 20 n i . n H 1 17 10 1 11 Ut'. II 13 57 7rt HI 11 1.1 1.1 1 .-, 74 3 A S 11 4U U 1 5 II n 71 2, 3 25 n 1 1 17 0 1 R lO'n -14 -i7 r.-i 7 1 n hi n 13 13 l.-i BS4 70 II H. I'I4'4 100 10O Il7tk 07 SA SI llll'i 'll, IIH. IPS 60 1 20 U 1 H i l I 17 in !) nm n is .17 .l'i 71 I it 111 11 13 11 Irt (14 14 100 07 Nt Ml 4 US' LOCAL MINING STOCKS TONOPAH STOCKS I'llILADLLI'IIIA- Call. 0 per cent ; ommcrclnl paper. SI 0"3, at the'elose veste'rday and later time. per cent; commercial sold ..W: H-'rr startrjl ,,. "h": 3 s.ic to S.P,c. ngaiu-t Hie nt tin si I llltlons H ,h 1(Kn, rn-t0 of jestenlnj t'cd'jpt- of wheat 110 curs' I mint It . Minneapolis 1.7.1 cms. 1 1 ern cnw d"lierj 1 Inal quo. Interest if tlin fclaln r,f ll.tniiuvll'ilirl'l Is fiveil here today wereat ?, h,r (.enl pUH prpnilum and corn Ill cars and atimlFslon time money for thirty to ninety uas Is loaning at 8 per cent, wnne corn men Inl paper from three to six months Is helng offered at 7 3. to S per cent ) Open 1 71', 1 U2'j 1 O'Ji, S3 MIND'S Let. !M 111 '!. 1 311 P in 01 01 ,.i 1 rn.1- ' h.lv I O.I t Jul . Pork I.jrd jii jo sn .'I S2 nib Ju 1-3.-. S. Hi JO , Jli'l Si'Ufil ChicHtro lime in 30 vest II Uh I)' ." .rJ?,""' 1 7-i, 1 72S 1 72T 1 7lh 1 m, l.llll'a 1 1 !' 1 0.-, Sl I 01" 1 OSS SI 1 nj 1 S3 3.-. 13 3- I,'. t3 70 JII R7 L'I fc2 "t SO 0 s'J L'1 77 .'1 7T jo "II J I S3 IS 40 111 'J7 1H Z tIS 17 III 'JO l'i '.".' tls ' in : 1 ri'..:ti Mercantile Marine Extra ... v.irU. June llin line witn meir Chlcaio Datrolt StcnoKraphers In New York Bank Kxrellent opportunity In large downtown bank for capable, experienced atenosraphera under 25 yar. Permanent poiltlona. ex cellent working condition, flood aalary and lunahea. ' etata age. education, axptrlenc miA Ma1v. .M.lHl Tl.ll. , r-r--j -vr :, linKVi 'M. 'J,policv of paving off the back dividends nicin the prefened stock of the Inter " national Mercantile Mnrlne ( o by extra S.l'e. Ill IliXiii Hluh II Ilaldwiu l.o In ."is. . . (U l'J Lehigh Vul gen 4s fill, I do gn 4' ms 71 '. L'I ." Lib Honils Jd 4'.s. . R1.no Sl.nn s io fi 1 ..V..'1 :VM:-- JrrrJ-hS'"-- : LhurFwnents. directors jesterdav 0,i-'ii -llli -l',,s S.I..UI s.t.fitl s.i .i()-f.. IS 1 a.,.iareil ii dividend of fi ner ceirt In t vie -",s .. 1111..U IM..JI ii.i ,ii r ,oti i nddit 1 .nt 1 crop I (Is 1 4 1 . l'J I'enna Co temp t-r 101 a 101 1.. 101 1.. J .(-.I I'hil Klcc 1st r,H sjii K2V sji.,- 'J Pub Serv rs HOVf (lOi" n0,- BANK CLEARINGS ?,gn,nhn" CB8h "Ct l03s "nce FVItli NEW YORK COFFEE MARKET New York. June II.-While thp Hra7.ll cab es were no more than stendv this morning, it was noted that It I o was unchanged having f,uM to .' the decline in this market Locally the undertone was rilsjrl. nn(, call prices were r, point, ,)0)(m ,,, ' "" yloiiH dose with olj one lot of L tcniber traded in ' nl' During th morning th m .-i. under the influen " t " l ! f.v,1 Vs tired longs, togetner with 1 n,,0i by holders St July, .nd this1 ,nHUr" fro,n at 14 50. SepV,,t?er ,,i14'13th';'n " comber at 14 30, 01 9 0 4 ,,''" ne; lower to 14 points net nm rnh Dov 0,1 Jim llutler IS MricNsmara '. .facNamara C'reacvnt ... . Midway n Mlrpah Kxt U' Montana 1.' North Star fl.l Iteecue Bula 14 Tonouah hxt 1'v Vost Kna ... is West Tonopah o.l DIVIDE STOCKS Allied Divide 01 Alto Divide 02 Ileleher 05 Ileleher Kxt 0.', lien Hur OJ HroUKh Divide lis Divide Ext . ....;-, Divide Syndicate 01 Divide Cons . ."J Dividend 05 Kaat Divide . . . oa Harmlll a, Hanbrouck Divide 02 High Divide ill llcvert Divide ... 03 lleno Divide 01 Rosette 01 Silver King ... ns Tonopah Divide . i Tonopah Haabrouck .n:, Victory Divide . 07 VerdB Divide . n Zone . l'i OOI.DFIKI.D S'lOCKH Atlanta 01 Hlun Hull . HI llooth 01 COD IV. Combination Fraction . . nj CrackirlacK .. . on DlnmondllelU Jn ?$Rffnl"JuUSJ !mp.e. iracts here some ,,e m-'o ThS,' v "' they found In tie pr mar nw C?n,ll,lon iinlno.lln,. .;' .f mnr markets, were whole ile nmr K' .,,""..T",'nB- On the out special feature ,,,u" ",0nB wllh' Ilistnn 5s :ir,ll 11111 Palttm re II 317. 2H1 Chi. ks'o Inn 171 :.0(i 3S,s3ll,00ri 14.147.070 117.11110. 117 Reserve Banks' Discount Rates Dtlki.il rediscount rates nt the twelve federal Reserve Hanks ure as follows. 1 ro.iu. 1. 1I1 i'om'1 Ilkrs eifn nondi Taper An -pt .lulv Sptenibrr Dn emlier -Man h Hid Yei rinse 14 lit ft fill II t-4 4( 1 I 40 1H'.' 14 4IW1H H 14 il 40 Open 14 SUf) 110 It 3315 in 14 3.1 T time 1 1 11 in 14.43 14. '.'3 14 l'At PARIS BOURSE IRREGULAR Parla, June 11. Bourse Irregular. Rentes, B9f 45a fcxohani& on Ixmdop, OfSi OU 4VUia huwiw UettlJtL 44tC tloo to the regular semiannual dls- trlhutlon of 3 per cent Hoth dividends are payable on August 2 to stockhold .rs of rt-cord Julv 15 This action of the International Mer cantile Marine board brought the ac cumulated dividends nn the senior stock Issue down to 42 per cent The la.U previous payment on account of the rrearnge on the preferred wns 6 pr cent on February ? A 10 ner cent pay ment was made May 15, 1919. to hold ers of record May 1 and B per cent No- vembcr l to Powers or reooru uk to-be r IS. 1 I oMon e Yor 1'h'illdi'li vil t ' I'level.md 1 niehmoiiii i.vtliinta Chleilg.i St I..iul Mlnpea pel's Kiiiiiiih i' i D.llns i an Train im o Tf.-i1. r,'4 mr.'i w.vl w ."'. u 7 0 7 .-ii n r.i r.u r,i-i i a 7 iVi n n a .m 3H a '., n 5 51. 5 5 ', LIVERPOOL COTTON I her pool, June 11. Spot cotton w-ns dull today with prices easier orr the basis of a decline of 30 polntH for mid dling at 27 3Bd The mlcs were 3000 bn'es Th" reeeliKH were 17.000 bnles Including 9900 bnles American. Futures were Idle in the early denllngs, riimr nrlces were: American middling fair, 32.61(1, good middling. 29.811: fully middling. 28.61d: middling. 27.3do low middling. 24.0Gd: good ordinary. 20.8CU1. BOSTON WOOL MARKET H1:t!n"w!T; ,,T:. -n-nercia, "The wool market has patsed throm-h another w w-k of deadly' dullness w"m the trade drifting uncertainly Prices arc merolv nominal for mi...' ""5 miW.mn,. "V. 'S.'.""."! I II Daisy Florence Goldtield Cona . . tlolddeld Merger Goldlleld Devel . Great lleqd . . Jumbo Kxt . . KmvaniiK ' Lone Star . . Oro . . . Red Hill" Silver Pick . . Mpearneau nl 15 (is nl mi nl 115 'U nil .nl rtj .117 .n.'l Amparo ... , Arlmna United Kilen Mother Iidu . Nevada Hill Nivuda Hand Nevada Wonder Ticopa Mining White Cain Wllbert .. IIIDIKI 1 . V.,.,..... Iiat.iiiii'il.ir,ui a , .-i .,nS Auk 117 17 .o?A 1 15 05 .10 '! l'i 113 .'2 01 .1111 .07 lit 10 27 112 113 U7 04 . ' 04 0.' .1111 02 0.1 i3 l'i 17 O'l .ii.", .is .02 .-' Oil 11.1 .11.1 in 02 O.t 20 10 ll.l 117 n.i OH 113 .04 .ll'l .115 l' 15 ll 0 04 07 .07 1. .11!) OS Oil t utji i ni ..ldno.l,eI,,,ohx"valuesi,;j'ta1nUrfcUrty Buying In the West Is practienliv , a standstill while at the 'other cVnl of the trade the manufacturers are ,uu0 at sea as reganla ti.o ,-. . lu,, rii.itA tailing the present schedule of operatlns to three or tour days as a geiierarflii'.l Citizens' Bank Uptown Branch The Citizens' Hank has purchased a property on the corner of Itldgo avenue nnd Diamond street. In order to establish a branch office In the Strawberry Man. slon district. Extensive alterations will be made and It Is planned to have the branch open In a short time. A. Hteln field, the president of the bank tats wUle circle of business acquaintances In the northwest section, v" '" LIVESTOCK QUOTATIONS June II CATTI,.-!1,,,.1P, litKf steer", stuiily m Mr Uni.r Clilnitn. nnim head bulla, calves and Mockers Meadv HOOH iii'ieipis. si. mill head gineralli 15S.'.e higher Hulk light and light hut. h "" 'i.Vi'Wfi'K "U,K -:' """'ls slid over. $14 251 I I.H5. HIIKKP llecelut" SOOO head l.nmba trong tu higher Sheep, .'.v. higher i;ut Huiralo, June 11 I'ATrt.i: - lie eelpla. 275 head Strong c ilvca Uci F i,i aOflO bead Steady at XKTi IN " '""" 1IOGH iteceipu. a.'ini iiHd Good 'J5c and higher Heavy. 114 5IIM 15 '.'5, inlxril im, jorkeri, $in.lMlHI, light do 1413 nj. il3 50. roughj. ll'Jin I'.' 2.1. ngi i 7o Mlllt.r-1- A.-Sl' I.A.MIIH Ili-CelplH 1 "00 head. Sheep 50e inner l.aml., H(a'n f.vv at 121. yenrllnga IS1C17 50. v'ether. -"-'".V"' "- tv-,.,,., iiiixpii gneeii t) MJ 10. Illtalmrgli, I'a, celola. 1200 head 16.251 heavy yorkera. era. in.rnurn.7n, : SHKKP AND IA Hteaay, Juno Higher II HOQH lie. Heavlea, llftw ra, IHIA1R.10, 1 ih, jofk. ' .2,l,e,M, 300 head. eady. Top eheep. 10.75: top Iambi its Rn" OALVKHnece nla. 4nn hiST0' J.1."1!0' Top, $17( ' ' r ","' D,"u,r- Saves $11,837.50 on 10th Day of Policy SucK is the experience of the Harry C. Michaels Co., New York City. They write: '"We wish to acknowledge receipt of your Adjuster's Draft for $11,837.50, in settle ment of our excess loss on a claim rated B plus 1 which became insolvent by reason of a Petition in Bankruptcy, which was filed most unexpectedly by Creditors seven days after our last charge to them. "This account failed ten days after we had taken out our Bbnd of Indemnity with you, and your Adjuster put in an appearance for settlement seven days after we had received your letter acknowledging our Proof of Claim." The Special "Interim Payment" provision permits the Policyholder to receive payments from the American Company as many times during the Policy period as covered Exces sive Los'ses occur. Free: To manufacturers, jobbers and bankers only, a report containing: the counsel of over 200 business 'leaders, on vital problems of the day. No obligation, of course. Write or phone today. AMERICAN CREDIT-INDEMNITY, CO. of NEW YORK E. M. TREAT, president ISSUtS STANDARD UNLIMITED POLICIIS W. J. MORPHY, NUn.ger J. F. McFADDEN, General Agent f Mutual Life of N. Y. Bldg. Phone Filbert 5503 Philadelphia, Pa. $150,000 City of Philadelphia AlA Per Cent. Bonds IntrrrM January 1 nnd July 1 Coupon Bonds, $1,000 Each, With Provision for Registration of Principal Bonds May Be Fully Registered Coupon and" Registered Bonds Interchangeable Free of Pennsylvania State Tax Free of All Income Tax Legal Invettment for Trust Funds $50,000 Due Novomber 1, 1948 100,000 Due March 1, 1949 Price: 97y2 and Interest To Net About 4.66 Per Cent r ' -al! ii Biddle & Henry 104 SOUTH FIFTH STREET IjjpSJpr. IjmrfLy Harvester- In 1810 bm tin ee reapers were In Use In the' world In 1855 at a cunilictltlo trial near 1'aris an Ainerlvan iniirlilnp cut tin aure if oats in "" minutes, an KnBllah. inacliltio In 60 minutes, an Algerian in "J In tho HnmhurR International KxpoBltlon of 1S6J the MeLormltk reaper again took the tlrst prize. Millions of Aincrlcnn-inade renperH, liarve3tcr and mowers re In use today. Home so larso they harvest InimenHo crops that one man could not cut and bind single-handed In a lifetime. The proRrcbs of American Inventorn nnd buslnehS men hna alvvaya been unusually rapid when assisted by good banklnpt Hen Ice. We are Commercial, Convenient and rrogreBalvt. Franklin 1 5th. St. below Market C. Addison Harris, Jr., President. rl . U Tli. "'.in in ,fe . r ust; uo. ,Slp 1VI. A 'J liti sAIJ DklU ZlnA f.Mrrt S.t SSf"' " il"i " "" Li ff 1) A.'B. Duuphince, Treasurer. LIBERTY BONDS Bought, Sold and Quoted Call, Phone or Write Liberty Bond Department West & Co. Hell, Hpruce Ut(, 1417 CHESTNUT STREET I'Mluilflpliln Mtork ISiclmnie .FVV vnrk Nlivlf P...h.int.. IVeAlnios Have on Hund Lint at Hlsh Orad6 Ilondt Correspondence Invited Kfjlonf. Hacf 2000 Which are the best for Con servative Investment and Profit? Now 7 R. R. Bonds Old k R. r. Bonds ComniiriillvA ai..Ju -"'- -uuy ent on requeit MMFi MARTIN & CO. 1411 WALNUT ST PHILADELPHIM r -ij bOLESi-WESTWOOU Members Phila-jSlockExchandf j i i Land.HLtle Bldft. Philadelphia PHONE JLQQUST 2016 J Ml a i I I, I i ! i 1 ' ii i i i i i i. I ii i .i 'i i i i i i i I 4und ordinary, lP.SBd. t a, i vrnur Mith St., -Naw Tork.Cltr ; .hA". .( tfrlA. '1IW.i- - vf.iA- M.iM:jmf.,ft..mM
Significant historical Pennsylvania newspapers