V i
'- f r
v
.'c
V.
'
3
?!-
n
ss. '
If
LVilt r
i
c
y
' EVEmtftJ ''WOBHO ILEtoRPHlLlOEtPfiiAv MONDAY
" $, 'lUBft
?v
y
f .
WE
WILL BUY
.ditlretis Traction. (Pgh.) 1st 6a,
Bloomfiefd St. Ry. 1st Conv. 5s,
1923
Pgh., Crofton & Mansfield 1st Bs,
1024.
Pgh., McKccsporU& Connellsvllla
1st 6b, 1931. x
United Traction (Pgh.), Gen. 6s,
1907.
Second Avenue Traction (Pgh.) 6s
MOORE
LEONARD
& LYNCH
CUSHMAN NEWHALL
MANAGER
540 WALNUT STREET
. RITX CARLTON MOTEL ,
MtMDtR P,Tr"URSM
KOAOvw ,ncwyok. tlwm
HILADIUHIA
c ptttjbusgh
STOCK IXCMANolS
GENERA
L
SETBACK
AT THE OPENING
Intimations of Third Party Boing
Formed Offset Other Fa-
vorablo Factors
NEW YORK STOCK EXCHANGE TRANSACTIONS
Veto York tionds
ESTABLISHED I86S
BICREN & CO.
BANKERS
410 Chestnut St., Philadelphia
x (Government,
Municipal,
Railroad
Corporation and
Utility Securities
itemtfra Ktw York ent PMladeltMa
Stock Excnanoee
New York, Juno 14. Although thcJ
results of the presidential convention,
Announced after the close on Saturday,
the favorable reports made by the Fed
eral Reserve and the member banks all
over the country and other Incidents
were of such a character ns to for
shadow an upward movement In the
J stock market, the trend of prices at
the opening was downward and substan
tial lows were recorded in the first fif
teen minutes all through the list.
This mav have been due to concerted
(tVilfi.t ftt rt Imnn.t.nt ui.nrw.pf tmm
mmmMwmmmmmmkWMm " " ","'." ',: ' , 1 .... "
5 lor mitrivri in iirucr vu jirnuii iiiu slave-
HJmcntv of a possibility of an independ
B ent nomination by discontents In the
Republican party to have its market
influence It Is also possible nctlve
buvtng v ill wait for offerings in volume
nt the low level before the reat cam
paign mo ctr.rnf "tarts.
Expectation of money market tension
in coiiettirn with the income tax pay
ments tomorrow mny also have been an
influeice In restraining operations for
lone account for the present time.
I'nited States Steel yielded Ti to
OS'S, In the first fifteen minutes and
Baldwin dropped over 2 points to llfiTi.
Mexican Petroleum sold off .TV to 17Di
and Pan-American dropped over 1 point
tn 102 ,
Southern Pacific and Reading were
.both in vipph at substantial declines
nud specialties like Industrial Alcohol
i and I nitcd Retail Stores also showed
material dccliucs. Motors moved in the
I same wav. the action of ' - o'- mar
ket being almost uniform without a
rallying tendeuey developing from the
low levels.
PisaimiimmKKrarcnto
mnainl
Producers Wanted
Well-known brokerage firm, member
Consolidated' Stock Exchange of New
York, kai an opening for two or Inrec
thoronfklj experienced and capable
Boardroom Producers for ill PHILA
DELPHIA OFFICE. Mail be familiar
with Stock Exchange and Nejtr York
Curb Market lecoritiei. Eitablithed cli
.ntele it not altogether neceuarr. Un
paralleled opportunity. Write fer ap
pointment, gitinr full penonal hiitorj.
Application! held itriclljr confidential.
Addren
Attention A. B. C.
Care Frank, Kiernan
Advertising Ajrency
135 Broadway New York
LOCAL TRADING
ALMOST SUSPENDED
Not a Single Strictly Local
Share Dealt In at the
Opening
REORGANIZED RAILS
Can nftw b purchfi?d nt n, frnr
tttm nf thflr IntMinle wnrth Whv
not prpar for thMr lttr poitton
Tturketwl by Murine our special
lMter "Th "rehabilitation ri th
Kalln ' uhleh will r sent free upon
rnuit "
Mnrkf fnbM xruritli enrrirtt
cofinrvntiv' irtrghxnl hat 0M
tot r iprclaMv 1qtirir lnittf
flOLDBERG&HEIM
)iriilln. Stork Kxrlinnge
Cor... Stork Ev. of N. Y.
1622 Chestnut St., Pliiln.
Phones ruil Sprue n917
Keyetnr.e nre 7.1W
74 Ttroadn nr A 4SO flth At.. N. Y.
Mjiuifurrl Conn.
The openinr of the new week found
the deadlock in the local market tighter
i than ever. There was not enough busi
ness done in the first thirtv minutes of
the trading to give any character to the
' dealings or nfford an oppnrtunitv of
measuring the sentiment of the local
trading element as to the choicp of the
Chicago convention,
The pronounced stagnation can be
i better appreciated from the fact that
within the fir minutes of the trading
not a single local utoek was denlt in.
'There were onlj three quotations nnd
7T these were iu the so railed arbitrage
shares, namely Peniisyhanin Hnilroad.
I'nited States Steel nnd Lehigh Vallej
There was little improvement in the
subsequent trading. Small dealings,
howeer, were made in Hlci'tric Storage
Hntter.i at 117, with the dividend of
S'J.."0 taken off this morning, making a
net gain of '.. poiut Limited offerings
of Urill were made at 4-1, or off
from the previous sale.
J
Philadelphia Stoclts
Boles 6-Westwood
Members Phila. j3iock. Exchange
AMERICAN SUMATRA
TOBACCO CO.
Sink. Fund Conv. 7s, 1925
Lan&Title Bldk Philadelphia
PHONE' LOCUST 2016
11 "10 Net
Huh Low a m chir
200 Am Strs Ar, 47, 4.T 2
lOOtnald LollT'i 117', 117t
10 Urill .1 ; 4I 44 M
4:i'ElecStor 117'-. IK!' . I1li'...
Salra
100
.100
100
800
2)0
100
tat
'310
, too
5000
61)00
H00
JSOO
100
7110
100
2100
H200
400
,J10
400
leoo
18200
.100
200
loon
100
5100
100
too
too
700
500
voo
1900
400
400
100
2200
200
' 0100
100
300
100
100
1000
3100
400
900
500
000
2000
100
8000
2100
000
100
100
500
1800
200
000
too
100
100
5S0O
5(00
100
100
000
300
100
2000
100
600
100
100
400
100
1000
1200
3200
100
400
1800
100
100
100
700
2700
000
290
100
UOO
Dlv
In I
High
Alaska Gold Mines.. 114
Allls-Chalmera ...... 37H
6 Am Beet Sugar 11(4
. Am Can 41 M
1J Am Car A Pdyi , . ...143
7 Am Car & Fily pf.', .,108ft
so Am Drug Syn 11 i
' Am Internet Corp ... 85H
S Am Linseed 92
0 Am Lo'comotlve 07 M
, Am Safely Razor .... 17 U
Am Ship & Com .... 2SjJ
4 Am Smelt & Itef .... 61
3 Am Steel Foundries,. 40
10 Am Sumatra Tob .... 89
s Am Tel & Tel olft
5 Am Tob Seo temp ctfs 56 M
7 Am Woolen IOIJiS
Am sine j,eaa & Sm 14
4 Anaconda Copper . , .
n Ateh Top A Santa Fc,
10 Atl Gulf & W I S 8..,
3.30 Baldwin LocomotTVe.
Baltimore A Ohio. . .
4 Baltimore A Ohio pf.
8 Barrett
Bethlehem Motors . .
a Bethlehem Steel B..
Bktyn Bapld Transit
Butte & Superior Cop,
57
07
166U
H83
, 31
42
135
"M
t.1',
1214
22
Butterlck 13 Vi
inf.inndlan Pacltlo ....1I2V5
3 Central I.oatber 69U
4 I'erfaln-teed Prod ... 57
10 t'handeller MotprA ...103
4 Chesapeake A Ohio... 32
. Chi Mil A St Paul 32 ,
. Chi Mil & St Paul pf. 48K
A Chicago Northwestern 704
8 Chi & Northwestern pfloil
. chl It I A Pac ,10
7 Chi B I A Pao 7 pf . 13J5
l.SO C'hlno Copper ....... 30 Ji
7 duett Peabody pf..,.100H
.1 Colorado Fuel & Iron, 34
5 Columb f!a,s & Elcc. SIM
1 Col riraphophone .... 33-H
7 Consolidated das .... 80
2 Con Interstate Cal M. 114
1 Continental Candy ... 12 M
7 Continental Can 84
4 Corn Products Kef. . . 04
2.80 Cosden & Co 39
12 Crucible Steel , 154
, Cuba Cane Sugar.... 51 Ji
7 Cubin-Amer Sugar... 56
. lner & Rio Grande 4H
. Denver & Hlo G pf,., OH
3 I'ndlcott-Johnson .... SO
.. Erie 12ft
8 rnmous Playcrs-L ... 70H
3 Fnk Rubber 34
Freeport Texas 24 ft
8 General Chemical ....105
8 General L'lcctrlc 142ft
1 General Motors ctf.. 25ft
. litn Motors Corp rls. . ft
0 General Motors deb.. 73
ft Goodrich B F 65
7 Great Northern pf.... 67Ti
4 Gt Nor Oro ctfa 35H
7 Uartirwn Corp 3
4 Haskell & Barker Car 72
. Ifcndee ctfs 33
1 Hupp Motor Car 17H
7 Illinois Central 81 J
.60 Indlahoina. Hef 7ft
6 Inspiration on Cop.. 5"!!i
. Interboro con Corp. . . 3H
6 Intl Haieter New. ..1344
. . Int Mer Marine 31
fl Int Mer Marine pf. .. 00
.. Internat Motortruck .. 57H
.. International Nickel .. 18ft
.. International Paper .. 70 ft
2 Jones Bros Tea 23 ft
. Kan Ot Southern.. . 10 H
4 Kelly-Spg Tire 100
2 Keanecou Copper . . 28 ft
J.20 Keystone T . R . .. 3lft
fl Lackawanna Steet .. 72ft
2 Leo Rub)er Tire 30 ft
.. Lie & Mers Class B 140
s Loft Corp .. 17ft
12 '80 Net
l,nw (NYtm) Che.
lft -4 ft H
37H
tft ft
40 ft- ft
141 M- lft
108 ft- Vt
lift
85ft lft
82 - 1H
97 - K
17ft ft
23- W
6H Yt
40
88ft-94U
56 ft 4-90J4-14
56ft-
7H-
101 -
117M- lft
31
42
134 H 4- 3ft
22ft- H
92 - IK
12 ft
2? - 2SS
13 ft - H
112ft- lft
67 - lft
57
102 - 1
51 ft 4- ft
32 ft
48ft- 1
70
101 ft 4- lft
35 ft - ft
73ft
30ft - ft
ino,- ft
34 -
37 ft
ni
40 ft
141
108ft
lift
85 ft
82
8ft
ten
mm
60ft
40
83
94ft
65 ft
90
14
56 ft
78H
163ft
117
31
42
131
22 ft
1)1 ?
12ft
22
lift
112ft
07
50 ft
102
61ft
32
48ft
69 ft
101 ft
31ft
73 ft
30 ft
lOrt',
31
65
32 M
79
14 ft
12ft
3
01
36
140J4
61ft
56?4
4-:
94
00
13
70
:.ift
24ft
165
142ft
2tH
ft
71
5
67 f4
3. ft
S3
60 ft
31
17 ft
81 M
7ft
52 ft
3H
124
32
SSft
67
17'.
73' i
2.1ft
16H
106
21
20ft
71
30
140
10
lft
"'ft
X
1
ft
lft
Dlv.
Int
Itlt-h
48.ft 45
63 - lft
32 M- ft
72M- ft
14 ft
12H H
84
03 - 1 ft
36
U3ft 1
514 ft
66
4? ft
; - ft
00 4- 1
13 H
7B? H
33ft- H
24ft- ft
105 2ft
142ft .
24- H
ft
73 - H
66
67?- M
35 ft
S3 lft
69ft 2M
33 - ft
17ft- ft
si y, 4- ft
7!e- H
32ft
3 4-r ft
124M ft
33 ft
Sft - 1
574- lft
17'. ft
75ft - lft
21ft- ft
16H- ft
106 - 3ft
3Sft-r J
2B'j- 3ft
71 - lft
31 - ft
140
10H- H
dale
23ft . . Loose-Wiles Biscuit
100 4 Mackay Cos pf 60
300 7 Manhattan Llev guar 43 ft
5 6 CO io Mexican Petroleum ..181
100 2 Miami Copper 30ft
4200 1.60 Mlddlo Stnte.n Corp... 30ft
200 t Mldvalo Steel & Ord.. 43ft
100 . . Minn & St L new,... 13
100 . . Mo Kansas & Texas. . Xi
2100 ,, Missouri Paclfto 21 H
700 ,. Missouri Pnclflo pf... 40ft
600 .. Nat Aniline H Chem. 68ft
400 Nat An & Chemical pr. 01
100 A National Lead 78ft
100 1 Nevada Con Copper.. 12J4
10ft 10 New York Air Brake. 00 .
900 6 New York Central... 07ft
600 .. New York N H & H.. 29ft
300 7 Norfolk & Western... 85ft
2000 7 Northern Pacific .... 68ft.
100 2 Nunatty Co 16
100 . . Ohio Body & Blow C 23
700 4 Ohio Cities Gas 3ST.
200 .40 Okla Prod & Ret 4H
400 .. Otis Steel 24ft
100 4 Paclllo revcl Corp... 63
600 .. Pacific Develop rts.. ft
7600 6 Pan-Amer Petrol ....101
1100 7 mn-Amer B ......... 08
200 3 Pennsylvania It R... 39
600 ,. Pere Marquette 23 ft
0100 . Phillips Pet 39 ft
200W .. Plcrco-Arrow Motor., 5t
100 .. Plcrco Oil 10ft
700 8 Pressed Steel Car.,.. 101
100 6 Pullman 110ft
700 5 Punta Alegro Suga,r. .USft
100 1 Rwy Con Cop 17
200 8 Railway Steel Spring. 100
2000 4 Reading 84 ft
1400 .. Replo Stel 87 ft
6100 6 Republic Iron & Steel. 04
1800 .. Republio Motortruck . 64 H
1390 .. Royal D N Y ....115
1600 .. St Louis San Fran... 21ft
100 .. St Louis Southwest:.. 12
200 . . St Louis Southwest pf 22
100 .74 Shell Transport 74
1700 .. Sinclair Oil 32
4000 6 Southern Pacino 02ft
3000 . . Southern Rail 33 ft
800 1 Stan Oil of N J pf 101ft
3175 , Stand Oil of N J rts.. ft
100 4 Stewart Warner Sp.. 1
700 4 Stromberc Carb 70?
10400 7 Studebaker 70!
100 6 Superior Steel 60ft
1900 2.00 Texas Co 40ft
2000 .. Texas & Pacific 40ft
100 7 TWIn City R T pf.... 80
300 o Tobacco Products . . . 70ft
500 .. Transcontinental Oil . 14ft
100 5 Tranaue & Wm.i Steel 55
400 io Union Paclfto 113
100 4 Union Paolfio pf 63 ft
100 8 United Drug 12SH
200 3.30 United Drug 1st pf... 4SJ4
600 12 United Fruit 203
2700 6 U S Food Products... 6JM
100 , United Riry Invest... 10ft
7460 8 United Retail Stores.. 81ft
2900 8 U S Ind Alcohol 90
200 ..US Realty & Imp... 55ft
,1600 8 U S Rubber 00H
100 6 U S Smelt & Rcf 68
100 3.50 U S Smelt & Ret pf . . 4.1
14100 BUS Steel ft
400 7 U S Steel pf 105H
200 7 Utah Copper 69ft
10800 6 Vanadium Corp . . . "'
100 6 Va Iron Coal & Coke. 100
600 2 Vivaudou Ino 20
100 .. Wabash 7
100 .. Wells Fargo Kxp 50 ft
200 .. Western Maryland ... 0ft
200 . . Western Paclfla 27 ft
100 7 Westlnghouse A BrakelOOJi
300 4 Westlnehouso K & M. 50
400 4 White Motor
2600 1 Willys-Overland , .
100 8 Woolworth F W ...
700 6 Worthlngton Pump
Ei-dlldcnd
is '80
tow (NYtm) Ch;
Ntt
no.
-3ft
64
. . 20
..101
.. 68H
6ft
41ft
17ft
30 ft
29 ft
43ft
13
6
24
40ft
68,
90ft
78ft
12 M
to
07
28 X
85ft
67 ft
16
38
39K
4H
34 ft
(3
102H
06
,S8ft
S3 ft
38 ft
60ft
16H
100ft
110ft
101ft
17
100
.13 ft
85 ft
92 ft
52 ft
1
24
12
22
74
.lift
91ft
32 ft
101
ft
41
76 ft
69ft
soft
47K
39 H
MO
00ft
14H
, 66
U2U
63 ft
129 X
48 ft
201 ,
64 ft
10 ft
79ft
87 34
65 K
04 ?
S3
43
03 ft
103 ft
69 ft
79 ft
100
10ft
7f4
50 ft
9ft
27 ft
106ft
49(
52 ft
19 ft
104
03 ft
ft
L
ft
'ft
ft
'tt
ft
ft
3ft
1H
tifr.u IM tlrtAAl
From Opening Until IS Noon (N. . Time)
45
60
43ft tt
178 ft-
29ft ..
30
43ft
1 6
90 ft 4
78ft 12H-
99 4
07 -2S-85
ft
68 16'
28 -
38H
4H 4
34ft- ft
53
51 - H
irs - tt
97ft- lft
33 ft y
23ft - H
39
51 -
10H4-
100ft
110ft
103 -
17
10" -3
i-
fci S9
02 ft
114 - 1
2ft Ji
12
32
74 - IK
.12 - ft
oi4- ft
33ft- K
101 - ft
ft
41
70ft- IK
69ft- lft
50 ft 4- ft
47r- ft
30ft- K
t0
69ft- K
14ft- K
551
112M- ft
65ft- X
1J-
48 ft
201 65K-10ft-
80 lft'
881
55 ft ft
05K- X
53 - ft
43
83ft- lft
105 ft X
69ft ft
80ft- lft
100
19ft- ft
7H H
SOft- lft
Oft- ft
37ft ..
looft- i;
40?- ft
52ft- lft
20 - ft
104 IX
68K4- K
A Tel & T elt
1.. . 78H
A Tel & Tel 6.
3 T4H
ft.. 74
n
A Tel 4 Tel 0
8 02H
Atlf-French 5
09 Vi
00 ft
00 V4
not
no ft
00 ft
00 ft
00 ft
noy,
00V4
00 ft
00 4
00 u
oo k
00 ft
Uo-
25,
8ft...
2...
2...
ft...
lft .
2 ..
40. .
20...
4...
10..
4..
100.
13...
2ft...
Arsentlne
nubllo Bs
2 714
ft. ... 71H
2. .. 71S
A T & S V 4
10 72
A T & 8 F ftjaj
4 64U
Atlantic Coaat
Line clt
1 62ft
1. .. 024
Atlantlo Coaat
L rets 7s
2 001
Bait 4. Ohio cv
1 SOU
Halt & Ohio 4a
!.. "I
1 60
Bait & Ohio fti
1. ... B0T4
Bait tt Ohio n
4 86H
1 80S
10 80.
1. ... 80V
B & O S Wn
Rly 3fts
i. ... ni
U Steel 5s 'SR
2 . .. 80
Drdnay L 7th
Ave en
2.. 40
Cent r.c 3V4a
1 70'.
C & O cv 4 '4a
t 70
ft 70
1. . 70
O'k t O cv ft.
1.. .. 74,
1 74H
S.... 74
C A Alton 3s
1 . . 42
5 . . 42
Chlcat-o B'n A
Qutncy 4a
2 .. 04H
2 . 04
10 . 04
2 04
ChlMSO U O't
Weat'n 4a
2 ... ft24
1 04V,
Chlcaeo MU &
St T 4s
1.. . fllH
1 . B1V.4
ChieaEO Mil 4
StP cv 4H
1 . OR
1. . 65
Ichleaso & Nth
Wea'n m
1 . 70
Chlcaio ItiKk
I . I'ac ru
Den & B O 4.'
2 Oltt
1 63
D Can Sa '2t
B 07
D C BUS '31
1 07VI
D ot Can '2d
fit I
D ot Can '20
2 ni'a
ft 01
4 02
10 02
D of Can '81
ft 88ft
ft 88V4
1 80
ft 88i
Krl II It ev A
8 ai'i
Erie It R 4a
1..... 48H
1 49
6 48
Hud h Man fd
i no;
i ft0,
.... r
i o
III Cent 4a '82
l.. .. ei
Imp Jap O t.t
ft 7f.
1 ... 74 4
1 .. . 74.
3 . 74 ;
Imp Jnp O 3d
10 ... 74
ft 74
10 .... T4
2 . . 74
r ia.
Imp Jap O 4.
I Bfl'i
1.... (16
10 BO
Int'l Merchant
Marine fta
1 Sft'l
3. . 83'i
Iowa Cent' I 4j
1 87
Kan C Ft 3 &
Memp 4 a
1 60
Knn C i H 3a
2 . .. B1
Kan C A 8 fta
1 .... 00
1. .. 06
Kansas City T
Illy 4a
0 s
Louie & N 4i
2 . .70S
ft . . 76ii
LAN rets 7
3 ... "OS
1 Pit .
M K C A T in
ft S3
Mo Pac m 4s
1... . B3
1. .. B2'i
N Y C A II 11
n n 34"
B.... 0S1,
N V C t IU!
rniti
2... 874
1 fi7i
New York CI
Lake S 34s
3 B7
1.. . B7i
4. . r7
P R gm 4 Ws
B "'
1 ... 7BS
pnna B II B
0.. ,, ;
s 824
Penna n n 6a
0 I2
Penna 11 n 7"
4.
2.
B
ft.
2.
2.
1.
1.
Itadlni
10IH
101H
101 "4
10IH
101 U
101
101'i
iom
Co J
r.'l Col 4a
. . B
niob a w)'
3.
Itock Il A
It l"5
i. '
i 2 fj
Bt 1. AOPaJ
10 ?.
Pt 1. AH r m
1
ft 40.
V 464
St A 8 Fran
flerlte a
. . B3l
0
. B34
. B8'i
. M'4
53 ft
R34
A 8 Fran
COTTON CONSUMPTION
Censui Bureau Report 8how Letser
Amount Comumed During May
Waahlntton, June 14. Cotton con
sumed during; May amounted to 641,080
bales of lint and 31,082 of Hnters. the
Census. DUre'au announced today,
Durlnff May last year 487,634 bales
of lint and 13,716 of Hnters were consumed.
cotton on nana May at in consuming-
establishments was 1,695,904
compared
1.891.321 of lint nnd 272,614 oif f here wn nroflt-Uklnif In Freneh i.J?
in I A ! HMnllll1 H Tl -.-I
a kouuuiiu wwuaiu in uiiunonas ami
iamfai aa hnrH iinniA ami r'M
nni t.w .... ..w.a.w nMU rtriTPniln.
WADSWORTH WINS
an
4:i4
3STS
Tii
rt.3;
.10
r.n . .
43VJ
2'J, T.
in y.
2!H.,4- v
a
Penna. Tax Free
Securities
nvetmenf Banker
Members Philn btock Exrhana
Real E.tate Truat Bids.
Philadelphia
30 I Co N A .'til
40 Leh Nav. r.n
2Leh Val 4:ti
30 Pa U R 30
320 Phil nice 22',
Kir. Phil It T in
00 I'n Trar 20 ..
HOtUS Steel 04
tNet ehani" made b conparl-on vhth laat
sale on Ne York Mok Exrhanire
Ex dividend todu Eiec. Storage, J2 50.
Sle In BOND 11 30
$1000 Heh Lo- a m.
1 Llec 6. 1'eo
Tr 4s
2 Lib BoDfl.
3d 4', s !0 5SS0S5.K04-.0S
4 0-10 4th 44S K5 (30 So.42 S.'i.42 .00
1 Vic 4V . fCi fK 05.08 05.08 .02
1 Penna Co
temp cts.,101i4 101i 101 Vi Vt
1 United Rwys
t e 4s. . . . 38 38 38 2
Net
chce.
54
Commodity Markets
Empire Gas & Fuel 6s. 1926
Penna. W. & P. 5s, 1910
Phila. Elec. 6s, 1922
SpringGcld L.. H. & P. 5s. 1933
Steel & Fuel of Amer. Pref.
Amer. Gas & Elec. Com. & Pref.
EOENNING.GARRISOH&CO.
(itock i:cin.NdK imi.ni.Nc,
Dlreet I'rlvote Teleiiliona to New lork
.Mciukera I'hllu -lock l-.tcliunir
Jones A I.uuihlln hterl li 1030
Twin Mnf II. A K. 7a. IU2I
Chle. A orlhwetem 7. 103O, TT, I.
Il't.iirrv ( uil Sk. lOAl
I.lirgett A Myers Tob 0s. 1021
I.nko Niiprrlor lt 5. IIII4
tltto F.lnenlnlir I'oni. A I'rrf.
(iooilrnr Tire A Kubbrr Pref.
l'uckurd Motor I'ref.
Morton Lachenbruch & Co.
I.NI T1TLK ItLDO., IMllLA.
Tel Ppru- 3S1 llirn '.ri.ift
Kw Y'ork C'hfaso Detroit I'lttuhurKh
All offices eonneited by private uircs
COTTON MARKET
Nrw York, June 14. The cotton
market had a slow opening today with
first prices 1 points hlcher to 10 points
lower, followed by selling which car
ried new crop options about 20 points
under Saturday's close. Virtually the
only feature was Liverpool BollinR, due
to poor Manchester advices and local
pressure bn.el on favorable weather in
the belt over Sunday nnd Improved crop
conditions. Liverpool cables were dis
appointing. A message from Spnrtnn
burg. S. C , said that boll wrevil was
spreading in that section.
n y tim
LEADERSHIP IN N. Y.
Course in Convention Fight Gen
erally Commended by
Delegates
WOOD SUPPORTERS ANGRY
Chicago, .Tune 1 1 Although he was
unable to Mving the entire New York
delegation to the presidential choice of
the convention, Senator James W.
W'adsworth, Jr . emerges from the con
test more nrk the btatc leader than
any other figure.
True, i.ome of the steadfast sup
porters of ;neral Wood are charging
he took orders from tTie "Senate group"
and succeeded in keeping some poten
tial strength awav from the general.
On the whol, however, lie has re
ceived nothing except commendation for
the way in which he retrained irora
using what might be called strong
arm mctiiodt ,
In evTry crisis the senator refused
to listen to the Miggcsuons oi buhic
that he bring pressure to bear on the
delegates to get them together. It de
veloped vesterdny thnt Senator Harding
was icdlb the first choice of many
member- of the delegation, who did not
vote for Mm at lirst. becaustj they
believed he I nd little chance of nomina
tion t-cuntrtr W'adsworth did not (mil
it diflVult to get the flsty-eight ; vo ch
in line when he was nble to hIiow that
with that support from New iprk ben
ator Harding could be returned a win-
FOREIGN EXCHANGE
New Turk June 14. Slight leeesslonsi
were recorded In the nominal opening
Suotatlons The market was generally
rm Quotntlons were- Demand
sterling a 93, cables 3 934 ; off '
Irene cables 13.25, clucks 13 27; lire
cables, 18 30, checks 18.32, Belgian
cables 12 63. checks 12 G5, Swiss cables
3 50, checks 5 52, guilder cables US',
checks 36 , pesetas cables 16.55, checks
10 50; Stockholm cables 21.80, checks
i 60 . Chrlstlanla cables 17.70, checks
17 60, Copenhagen cables 16.95, clucks
16 85
bATL'IlDAY'P KINAI. QUOTATION
. Sterling Trancs Mre Ouildr
Demand 3 H24 13 IS 18.41: .1H JJ
Cables ) 0.1 13 IS. 40 36 25
TODAY'S OPESIMI QUOTATIONS
Sterllnn r rants Llro Ouliilera
Demand 3 03 ll.'l 18.30 30i
Cables . 3 O.I 13 27 18. 3J 3i
MONEY-LENDING
RATES
opening
Test cloee Open 12 m
JjIj- . 38 43 3S 4S 8R 43
octobr a:, 01 as no si
D. rcmbfr 34 R3 34 .14 34 30
Junuary . . .33 00 33 on
Mnrth . . . S3 40 'S3 SS 33 ID
.Mav 2 85 32 85
Did.
7' '1. r.i.a It.. Ir. A Tmr.
TMIadrlphU ronipanr Call. Tr.
Wclniii Kallwsr A lower Co.
vv'rlanarh Cominnr (oil. Truat
flVol Bnllwir. I .Klec. Con..
t'ehisU Coal Si Nmleutlnn Co.
hmlii Vnller Railroad lat
l'ltt",. rinn,. Chl. & "'.J.'","1
TtnV.rVran (.as Company 5WMr
l'nlon
GRAIN MARKET
Chicago, June 14. Support was lack
ing in the corn market at the opening
early todav and under scattered filing
by commission houses prices ranged
downward at the outset. Later the
undertone stiffened and -quotations
rallied nbove the previous close Th.
gains were not maintained, owing to a
renewal of selling by commission eon
cerns. Trade was small. Estimates of
300 cars us the day's receipts here
created the impression that the move
ment wni on the increase nnd the trade
was looking for a further reduction in
premiums on the cash article July
opened at $1.71 to SI 71 against
SI 71r's at the close Saturday and later
sold at .$1.724. September was quoted
at Si 02 to 51.01 at the start and later
rariflr Itnllrontl Knu
vi: Wmne A Wabiiah lnllej Tr
Samuel iv. pnunps & co.
Mrmbrra rhlladelnliln Stork Kichunxa
piem R07 CHKHTNPT HT.
An Unusual Investment
Yielding 8.64
Circular Upon Request
NAULTY & CO., Inc.
Flanders Building
PHILADELPHIA. PA.
At. 1D0J
(In, 0iX
Ae, 1011
As, 1030
M, Il.). i
4U.I,, nisi , , n, t . , . fioj,
n. i43 '"" " - " ' "- v. t
wuts tiiirnea vvi'uki, wiin nuppnrt
larking Later the market rallied Knrly
estimates of 100 cars seemed to confirm
predictions of heavier receipts July
opened ot 101 to $1.01, against
$1 02 at the close Saturday and later
sold at $1.02. September opened at
8.'ic to 84c, against 8414c at the close
Saturday and advanced to 84c. Re
ceipts of wheat here today were eight
cars.
An, 1RA0
flu. MIS I
7.. Serlil '
As. 103t
Wanted $50,000 Loan
It montha; aaaeta, Two Million Dollara.
CNit or more iartlra, prinelnala onlr.
HARVEY ELLIS
Liverpool Cotton
IjTarponi, June 14 Spot cotton was
quiet today, with prices steadv on tne
basis of ii n advance pf 26 points for
mtddllne at 27 2d The sales were 4000
bales. The receipts were 5000 bales, in
cludlnr 400 bales American. Futures
were dull in the early dealings. Spot
prices were; American middling fair,
32.87d, eood middling 30 12d; fully
middling-. S8.(7d; middling. 27.62d; low
rnlddllnK ,24.2d: good ortllnary, flLISd,
ana ifrvi4u.
'jg
nor.
iT.n, h Wood "thick-nnd-thln"
i..! ' nr accusing the senator
f .,iiiimi? some of the New
off the general's bandwagon
Yorkers
On the
SBff YOHK Call money
rate was made ut 8 per cent.
PHILADi:i.lMII Call. 6 per cent;
time, 6 per cent commercial paper,
three to six months 6 per cent
(Note Tbf se am merely nominal quo.
tntlons, as the legal rate of Interest In
the state of Pennsylvania Is fixed at 6
per cent Plus premium and commis
sion time monev for thirty to ninety
days Is loaning ut 8 per cent, while com
mercial paper from thre to six months
Is being offered at 7T to 8 per cent.)
Reserve Banks' Discount Rates
Official rediscount rates at the twelve
Federal Reserve banks are ob follows:
, Treas Lib Com'l Bkra.
ctft londs Paprr Accept.
Boaton tH 6 7 6
4 GAB NET CRASHES
OT,
ri!;
N Y Chl t. SI
Louis u 4m
1 . ..031,
JJYLS W x
1 . no
N Y rtlwjs 3s
4 ... fl
1 ... II
N York State
111)3 4i
A . . Mn
01'i'N Y Tel 4 '4'
1.. M 1 74',
4... fiiu,1 A .. . 7'w
12. . C3 1-. .- 73
Chlcaeo tt W.Xorfk & V la
Ind' a 4
3 . A3
CUV NTtm
May '87
1 ... 02"..
City NY4WU
1. .. SN
City Tarla 0a
TRACEDTOTREATYi
i
Crises in Rome, Warsaw, Buda
pest and Vienna Analyzed
by Diplomat
Liberty 3V.S
WIDESPREAD UNREST SEEN erty 2d 4s..
Liberty ::d -lyi"
fl . . 02
n . 02
1 02S
40 O'.'U
10 02U
A. 02 li
Coir' & S 4a
1. .70
1.. 7B
Cnl & S'n 4i;
1. ... 0S'
Cona'd Oas 7k1
2 .. 084
Cuban C a ev
2 07H
1. ... 71
N & XV cv fl
1. . . 0A
3. 04 ,
1 . 0A
0. 0Sit
N'n Taclfic 3
1 . . AIS
2 . BIT.
N'n. .Pacific tr
Nort'n Stat
t'ow'r Co As
1 74
Orreon S I. 4p
0 .... 7tli
I' im 4a '48
S . . 77
PanMiia '2t
' 2 . 07
P II cn 4 Via
07 Vi
07
2
1
1
2
A
A
st I
sr u Mh
St L & 8"u,n
Went'n na
3 MH
St T'l K C
y Line 4 Ha
1 2
Seeb'd'A Ij aj
1 .. . 33Vt
1 . 34
S'n raclfle fd
1 ... ou-
S'n racme a
2 . . us -i
B'n Tac cv sa
1 .... tov
1 . . 7AH
1 .... 75
A 74 '4
S'n rue cv As
10 . . - Of
1 . . B5V4
A . 05
S'n I'ao Term
24 '
S Railways 4a
1 . BO .
S'n Itallw'a 4a
1 . 0B1
1 BS'4
S Rallwaa Sa
S . 81
1 . S0I4
Third Av R la
10
L'nlon Pac cv
1. . . bo
UIUID! '21
11 08i
3 . 00V,
l oa4
1 08 K
io nai
t o
4 no
f u tl u i. I
ut '22
7. 01 v..
1 . OVi
fnlon Pae M
1 . 00
L IC CI U ft I
rets 'W
t sn
1 80 4
1 M'i
0 80 i-i
V IC vl U 1
15 . M'
1 . 84
0.. . 84",
I . 84
1 844
U S Mexico 3a
1 . 33
l 8 Realty "
1 .... 8U4
1 81i
U S Itub'r &i
2 "A
A 70
V S 8teel As
1. ... 80t
11 ... 89H
Vn Rallya 6a
1.... 74
Wcatti I51o 5a
1, ... 04 "
Weat'n Mil 4 a
2. ... 48S
Weat Pae lat
2. ... 78V1
2.. .. B4
bales Of
lint and 282.187 of Hnters,
with 1.301.321 of lint nnd
Hnters a year ago; orr hand In publlo
storage and at compresses, 2,614,714
bales of lint and $92,568 olllnters, com
pared with 2.41M07 ot lint and 213,679
of Hnters a year ro.
May Imports were 18,786 bates", com
pared with, 30,112 a year ago ana ex
ports 363,104 bales, including S560 bales
of Hnters, compared with 444,713 of lint
and 800 'of Hnters & year ago.
Cotton spindles active during May
numbered 34,066,236, compared with
33,831,313 a year ago,
i
REFINED 8U0AR UNCHANGED
New York, June 14. The raw sugar
market continue oulet. .hut sales on
Friday. Just recorded consist of 7600
bags San Domlngos, afloat, at 184 cents,
c. I. f., to a New York refinery
Importations of rawa from Friday up
to this morning Included 16,000 nngh
Porto Illco to the American Sugar It
fining Co., 26,000 bags Cubas and 16,
000 bags Porto Rlcos to the National
Co.; 44,300 bags Cuban to Arbuckle
Brothers: 37,616 bags Cuba to the
Warner Co., and 16,612' bags Cubas to
the Federal Co
The local refined market la unchanged
both as to conditions ahd prices.
,T
- .1
LONDON, STOCK MARKET
, , .
Movement In Oil Sharei Confuted) j
n...l... .mI,,'.j l i.li I
London, Juno 14. Oil shares ..' 'I
confused orr the stock exchange today'
Shell Transport and Trading was steady I
at 9tt following the declaration of th8 '
regular dividend Itoyal Dutch wi
weaker because- 'tho dividend of (
per cent for the year was below cxpee.
tatlons. Mexlcnn Kagle was 9U.
nilt-edred Investments wro ..
talned at about unchanged quotationa
rails were Irregular, but alterations w.J.
slight Generally, the market presents
a checkered appearance,
ine ncuumuiuLiuiib ui urucra over th.
Mi..t,..m1 wnm llmttA.I 1t,..i& ' JnB
was 74.
was limited, Hudson
Bay
GOVERNMENT BONDS
Panama coupon 2a,
Panama redatered
Panama coupon 2a,
Panama rrslatered
1036,..,
!. 1030,
1088,,,.
2a, 1038,
ranama coupon 3s, 10(11.
Panama retriatereri )
Philippine sa, mas
latererl in. mm,
rttlllpplne 4a, 1035
Philippine 4s, 103n
U H oot
ovt rnunon Um.
U H Oovt reilatered 2a. 1030,
1080
023,
k. 105
Dlat ot Columbia 3-it5. 1024
Hid
.1004
:i0ooU
.100H
:??
. 7H
. 78
.100
.1011
104
II S Oovt coupon 4a.
U H aovfretlatered 4a, 1023.. 104
93
A tk
101VJ
2
s
81
J
10IH
ldPt
10V.il
101V
DIVIDENDS DECLARED
, Looae-TJIlea Blaeut Ca., remilar 1. ...
cant en flrat preferred, "payable July 1 ,1
Steele of record Juno 17. ul l "
Fairbanks Co.. rerular tjuarterly of u .
8 per cent preferred atoek, payable July t t
ateck of record June 10, ' ' "
We specialize in
Liberty Bonds
all issues bought
or sold.
GEOOKENDPICK 3rd S CO
1431 WALNUT ST. x2fiP PHILADELPHIA.
w
Uem!
iben New York at4 Phlla
celohla Stock Exchancae
TeUeboaeet Sell flprne 6U0
Kejatene Baca 113
New Tork AVj 6 7 0
Philadelphia S K5V. 3H n Bj
Cleveland A SV, 6 6 04
Richmond . A 3V. 34 0 A
Atlanta 5 tflVi 54 11 BVi
Chlcaso ... 1 5V fl 7 0
St. I-ouls A rVi 5 4 H 54
Mlnneapolla A JTS1. H B4
Kanaaa City A 54 O 4
Dallaa 5 44 54
San rranelmi ','. .'. 0 54
third ballot, his higliwatcr mark. Oeti
flVal Wood had twenty-three New ork
vote- He ended wit h on y Ix. II
NEW YORK COFFEE MARKET
New York. June 14. On active trod;
inc on the call priees advanced 8 to 15
points. There did not appear to be
anything especially favorable in the ad
vance in the carl v. official Urar.il cables,
but the lienvv buing by a local im
porter siiKRcstcd possible sales of actual
coffee over the holidajs.
The ndvnti. 1 met saline by loncs.
possjblj nn the i.lpti that Inter July liq
uidation inutht buni; a sharp down
ward t paction
.lUiV
September
t)e-niber
Mnpll
YV r o.(
14 3tfl3r,
14 .'J ft 2 1
14 221? 24
1 4 34 fl sr.
14 143.'.
T time
12 m
14 30
1 .1 iaA itinim
nnnonentH Of WOOQ ticcime. i"""-'i
h!!Pvv as never really entitled to twenty -threo
that the only reason o '"
th d-lei;ates wont to him on that bal
lot vvas vimpl) to give him n try
' . -. .-A.anl iiint unnin
of Ve WooTleadcrs would so back to DICKINSON TO GRADUATE 96
New York determined 10 uru .p
N
Open
14 4Aft 48
14 321133
14 33534
t4 42IRI4.1
14 04
Paris, June 11, The simultaneous
resignation of four Turopean cabinets
the Italian, Fnlish, Hungarian nnd
Austrian is viewed in official circles
here to be blgnificant chief! ns dem
onstrating the iliflieltitr of adapting
politics nnd economic conditions to the
peace terms.
The immediate causes of the resigna
tions were different in each case, but
behind them, according to n well-in-formed
French diplomat, were economic
anxieties and general unrest, with lin
gering pangs on the part of the defeated
peoples not yet reconciled to the sacii-
hces demanded of them.
The young parliamentary govern
ments, this diplomat declared, nre likelv
tn be susceptible to these crises for some
time to come, until the political situa
tion has crystallized and the various
parties become so organized ns to fur
nish homogeneous majorities behind the
cabinets. '
The diplomat pointed out that the
older governments Itnl.v. for instance
were suffering fiom similar trouble
during the transitory poiiod of re
envery from the war waste Of the
five crises now in course of solution,
only the Italian ond CJerman lire giv
ing concern here, it was declared in
official circles voterdnv It was said the
advent of former Premier Ololitti in the1
Italian situation, provoked nppielicnMou
of a tendency on the part of Italv to
ward a separate poller with regard to
Germany, vvhilo the Gorman situation
was being watched with the greatest In
tenst bemuse of the posuibilltv of n
reaction vvhieh might mean resistance
to execution of the treaty of Versailles.
Rome. June 14 The cabinet crisis
remains tin-ettNd KnB Victor
Lmmaimcl yesterdaj received ex -Pre -
miur iioiiiii ami later consulted with
rrancoscn Nitti whose cabinet resigned
Hlrh
02.10
R5.00
85.08.
85.00
8S.00
T.ihertv 3d 4ViW
Liberty 4tn -1'AS. no.ua
Victory Notes 3 'is fiO.OO
Victory Notes 4Mb 00.00
(N. T tlmel
11 15
a m
02.10
81.50
S3.C0
84.02
RS.80
85.40
00.00
03.00
Low
02.00
84.30
85.00
84.00
88.72
85.40
05.04
03.01
BAR SILVER
LONDON Silver 6 Tad lower here to
day at 44 Ud
Fred W; Knight
INVESTMENT SECURITIES
ANNOUNCES THE OPENING OF AN OFFICE
306 WIDENER BUILDING, PHILADELPHIA
IO DEAL IN HIGH GRADE
INVESTMENT SECURITIES
Telephone 8pruco 6757
'"' .......... .., .1. ...
i. .i..r,.,.i ,.! Sonnfnr wnusvvuiiu -
..rding !. that yarn, they had in mind
ruunins n. prcsentative Norman .1.
r,uld nf Seneca 'Kails, as a candidate
for the senatorial nomination In oppo
sition to Wndsworth.
'I hiivc had enough politics. ""
phatlcally declared Mr. Gould when
the matter was brought to his atten
tion "All I om interested in now is
BPScnotorU Elon It. Brown, of Water
town, who had a large part in putting
through the nomination of Governor
Ooolldge for Vice President n oppos
tlnn to the plans of Senator Wndswprtfi,
Senator raider, Ogden Mills and others,
.!,! v..tArrinr! "I didn't like Lenroot's
vote against t'nbline the McLemore reso
lution at tne DCKiniimis "i n.i .... ..
are very American in our section of the
state and we cannot forglvo h in for
that I am satisfied with Senator
Harding's nomination," added Mr.
Ilrown.
Financial Briefs
The aubtreasury gained 9248,000 from
the banks Saturday, rnaklrw a cash net
gain since Friday of f2,007,000.
LIVE6TOCK QUOTATIONS
rhleaso, June 14 11008 Eetlmated Tt.
ralnta, ST.OOO head, left over, 5005 head
Fully I5W23C hlsber. Average coat Satur
day I14.B0. . . .. ,A. ..
i.K Eatimatea rcetpt,,ip,y" p
14 nHUi iv.vu .
CATTM
H.r,ITPi
Bishop Hughes Dellvera Annual
Baccalaureate Discourse
rarllsle. Pa., June 14. Dickinson's
1.17th coinmencenient opened jesterday
with a bacenlnuieate sermon given by
Ilishop Luther II Wilson, of tint Metho
dist New Yoik area, who spoke to the
nlnctv-slx graduates. Ilishop LMwiu
H Hughes, of the Methodist Hoston
area, spoke at vesper cervices
This morning nfter chapel com
mencement exercises proper will take
place Abrain Harris, secretary of the
Methodist Hoard of Kducatlon of New
York, will miike the principal nddiess.
The valedictorian is Miss Mildred Oonk
iin, Hnvonne, N. .1 , nnd the snlutatot
Ian, Kdgat P. Lawrence, Island Heights,
N. .1. The Dickinson Collego trustees
have decided to Increase professors'
salaries bv 25 per cent nnd nccept from
the rtockcfcller gcncrul Board of Edu
cation the $230,000 offered to Dickinson
for that purpose, contingent uvon the
college raising twice iih much.
To Resume Gloucester Service
John A Waters, superintendent of
the Gloucester Ferry Co., has onnounc
ed that unless something unforeseen
occurs service between Gloucester
nnd Philadelphia ou the ferry line will
bo resumed on Saturday next. There
has been no nervlco for vehicles and
freight since tho Are occurred on Jan
uary 31 last, when-tlio Gloucester ter
minal irfi fWlgtit,
CAPITAL $5,200,000
SURPLUS $1S,000,000
Fidelity Trust Company
Fifteenth & Chestnut Sta. Offic.
1431-33 Cheitnut Street
Mara OfGce
325.331 Cheatnnt Strerat
and
43-53 South Fourth Street
Wet PfaBuielikliU Office
6324 Wosxflaad Aronne
WILLIAM P. CEST, Prttidtnt
J. C. NEFT, Vtce.PrejWenf
W. C. LITTLETON, Vict-Prctldtnt
CEO. H. KYD, Trta,ar,r
JOS. McMORRIS, Secretary
MARSHALL S. MORGAN, AeeUlant te Prlient
E. P. TOWNSEND, A$ilttant Treasurer
DAVID S. MATHERS, 4Mietnf Treasurer
JOSIAH B. DARTOW, Aaafatanf Treasurer
T. H. ATlOOrTON, AUtext Sacrteay
CHAKLES T. TOOMCTr. Airtemt Secretary
LEON CmON, AstUhmt Secretary
MILES S. ALTEMOSE. Asrt7rt Secretary
OlAS. H. BANNARD, 'Ke-d Estate 6fear
UNTORD EASTBUON. Aaa't. Keel estate OMtar
CLARENCE NORTH, Sale Su
CHARLES BRINKMAN, Auditor
June 0
DADTsir-DO Ikl nmnnnr n..
i ii i mtno mm uivunut UASbbi
New York Business Associates Al-i
leged to Be Rivals In Love I
New York June 14 -A double dl- i
vorce. iu which two business partner) '
figured, one os defendant and co. '
respondent, and the other as niaintiir !
was granted Saturday In the Supreme
Tonrt bv the filing of a decree In fnvnr
?f H, ,!nlrc M Wintnn ngnlnst Vlc
t1 .-"inton, nnd also a decree for
John II Livingston. Jr.. In his nctlnn
against Mrs. HpI W Livingston. The
two men hnvi bens partners in tho firm
of Linton & Livingston, concert man
agers Mrs. Wlnton in sulnc her hnahnni
narnwl Mrs. Livingston, wife of the
Plaintiff H partner ns corespondent.
I pon the same set nf facts Mr. Living
ston sued, naming his partner. I
Confederate Veteran a Suicide '
LoulMille, Ky., ,Tllri(. 14. (Hr a. 1
1 ) John , Green, member of the ,
rumpus Orphans' Brigade in the army I
of the Confederacy, shot himself at his
homo here yesterday and died in a hos
n tal two hours later. He had beeu It,
111 health, Mr. Green was president of
the brokerage firm of John W. & David
a. Green and a director In several
Louisville banks. He was soventy.nlne I
41U U1VM ft
IMPORTANT NOTICE
The purchase of the assets of the Logan Trust Company by the
Fidelity Trust Company, being now complete, the business of both com
panies will be conducted by the Fidelity Trust Company at the above
offices.
The Broad Street Office of the Fidelity Trust Company heretofore
maintained at the Northeast Corner of Broad and Chestnut Streets wjll be
discontinued.
Friends and patrons of Fidelity Trust Company are particularly re
quested to call and inspect the new Office tt To. 1431-1433 Chestnut Street,
the facilities of which are now at their disposal. '
The Fidelity Trust Company will maintain a Saving Fund Depart
ment as well as a Deposit Department for check accounts.
Special attention is called to the Safe Department at 1481-1433
Chestnut Street.
FDWELITir T&ttST COMPANY,
WILLIAM P. GEST,
President
I
I ii i 9
1 kBBBBkWpH
i-iOSfc
lJK,
A