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16 SUGGESTIONS
FOR YOUR JULY
INVESTMENTS
SIXTEEN suggestions of
sound, conservative,
worry-proof bond invest
ments arc offered (n our
new July Investment Guide.
Every issue is safeguarded
under the Straus Plan, which
is responsible for our record
of 38 years without a dollar's
loss. Thev net 6tt with 4
Federal Income Tax paid. I
Write for this July Guide 1
today. Ask for.
Booklet Q-429
SWSTRAUS&CO.
IMfttLllHlD ItM N(OR.rOATf9
STOCK EXCHANOB BUILDING
rillLADKMMIIA
Thlrtr-eliht years without Iom to any
Investor
OPENING MARKET I
V Y UNCERTAIN
NEW YORK STOCK EXCHANGE TRANSACTIONS
Now York Bonds
Mixed Character of Initial Trad
ing Reflected Division of
'Speculative Sentiment
New York. June 15. Ftirthfr divi
sion of speculative srntlmcnt wn Indl
ontrd b.v the uncertain trend of prices
nt the oppuinc of today's stock market.
Mexican oils recovered n small pnrt of
.vesterdny's louses, and equipments, ship
pings nnd specialties, notably chemicals,
wcro firm to strong.
Chnugcs clseuhere were very con
fusing, however, transcontinental rails
showing marked irregularity. Crucible
Steel continued Us rerept erratic course,
reacting over a point, making full re
covery and then falling back Wj points.
Mexican Petroleum had the widest
range In the first fifteen minutes, ad
vancing 1 point to ITS and Tan-
American mover up over 1 point, to
102a Steel industrials made frac
tional gains. I'nltPfl States Steel moving
up to 1)31 antl Haldwin advanced
I 1.. tn 1U1V,. Hethleliem Steel "l." ex
, li4. v!d nt 00 1,4. a gain of Kj. Iteadlng
and Studcbaker both moved up .
.DROOPING PRICES
" I IN LOCAL MARKET
r
Chicago and
North Western
Railway
Company
Ten-Year Seven Per
Cent Secured Gold
Bands
Due June 1. 1930
Price 1 00 and Accrued
interest
Further details on request.
GHANDLEHifJOMPANY
I tweet
Franklin Bank Bldg.
Philadelphia
New York
New llmm
Unlnn i
Baltimore i
General Lowering of Quota
tions Because of Limited
Buying Demand
Tli.' local ranrliet continued to show
I tin- initio drooping tendency, although
1 the opening clrnliiiRK were on a very
1 limited scale. The heaviness in general
1 was Hue more to the limited buying de
1 mantl than because of an.v great Influx
in selling orders. Here and there
through the list, however, there was
evidence of further dribbling Hnui-
1 ilntion. This was more noticeable in
Pennsylvania Railroad, which mi a (led
to ."ISUi. nnd oo in Philadelphia Klcc
trie, which stork had a good market at
Ml
At the vnme time the thin charac
ter of the market on both the buying
nnd belling side was indicated b.v n de
cline of $1 in Philadelphia Co. cumu
lative preferred to "- on very limited
dealings. Small offerings of American
(5as were made nt concession of 's point
at .IS. L'nlon Traction whs sold in small
jots nt yesterdny's low price. 21) Vj.
I'nited Tins Improvement, on the other
Sales
II
ao
its
not
too
sot
1911
10
tot
act
not
3100
200
itt
100
too
too
300
200
4700
100
too
100
sot
100
Dlv.
Iii Mlsh !
.. Advance Ilumsly . ... 31 H 3H
.. Alaska Hold Mines... 114
S Am Agrlc Chtm SI
.. Am Can Stt
1 Am Can pf Ills
11 Am Car A Vay 11U
4 Am Cotton Oil UK
St Am Drug Syn UH
4 Am lee 43
Am Internat Corp . .. M
'6 Am Locomotive tlU
.. Am Safety lUior .... ITU
. Am Ship tt Com .... MJi
4 Am Bmelt & Itef .... 1(4
to Am Sumatra Tob ....-MU
Ant Tel ft Tel 14
. Am Tob tctfs Class D. Jit
s Am Tob Seo temp ctfa tm
1 Am Woolen tt
Am Wool HU H
Am Writing Paper pf 4t
4 Anaconda Copper .... St
Associated Oil t5
A Atch Top A Santa Fc. 7t
s Atch Top A S Fc pf.. 13H
7100 8. ,10 Baldwin Locomotive. ,111H
! baud, was ' i better nt 1
Stores was steady at 4"
American
Philadelphia Stocks
A New
Industrial
Bond
Hershey Chocolate Corpo
ration First Lien 7'
Ten - Year Sinking Fund
Gold Bond, due June 1,
1930.
Earnings have shown steady
annual increases for 1919
over nine times interest re
quirements on this issue.
Strong sinking-fund
provisions.
Price to yield 7.85 "c.
Ask for circular
Bonbright & Company '
437 Chestnut Street
Philadelphia
Naw York
Boston
Chlcaro
Detroit
ItlBh Low
20 Am Strs. 4."i 4."
.TO Am fins., 3S fl
10 KlecStor.lltl Uti
(Ml I To N A 30 :u
10 do rcpts
full pd. 2,0 20
2.') Key Tel. 10 10
114 I.eh Xnv. ."iS' .V
KXI l.eh Vnl.. 42 42
(jr.i Pa it it., as, asv
s Pa Salt.. (IS (5
171 l'hila Co. 3Hn 1(!Vj
." do cm pf .'12 a2
Hid Phil Elec. 22 22
.'. Phil It T. 10 10
a.". Tn Trne. 2n., 20
07 IT, I...42 U7s
11 so
a m
4;
as
no
:;o
Net
ihge.
20 ..
10 ..
.-cv's
42
as4-
atti
:t2
too
coo
4tot
too
1800
100
itt
itt
tot
Itt
100
300
1000
.100
ltoo
tot
.Itt
ot
3)0
1000
100
100
190
000
1AI0O
SCO
300
600
100
130
100
100
1000
.100
osoo
10575
100
100
1310
100
700
100
100
110
100
600
3)0
500
Z30
lot
100
100
100
100
100
100
330
Baltimore A Ohio 30H
4 Baltimore ft Ohio pf. . 41 H
s narrett l3tH
Bethlehem Motors ... MK
s Bethlehem Steel B... tOM
. Bklyn IUpId Transit. 11
10 Canadian Psclflo . ...llli
4 Cerro de Pasco Cop. . 43 H
7 Central Leather pf.... '4
4 Certnln-ted Prod ... 7
10 Chandelier Motors ...100
. Chicago & Ot West... 0
. Chi Mil & St Paul.... 3114
.. Chi Mil ft St Paul pf. 40 H
.. Chi It I & Pac 33 Vi
1.A0 Chlno Copper 3H
Chile Copper 1M
1 Coco-Cola 34
5 Cotumb das & Ultc. &t
1 Col Oraphophone .... SlS
7 Con Cigar pf 70
7 Continental Can F3ft
1 Continental Candy ... 11H
4 Corn Products Itef... 131
13 Crucible Steel 131
Cuba Cano Sugar.... 41
7 Cuban-Amcr Sugar. . . 55
0 Delaware A Hudson., 87
1 Pomo Milieu tJ4
ft Kndlcott-Johnson .... H7J5
a Famous riuyers pf... 3
7 Federal Mln & Smlt pf 35
.1 Fisk Kubber Mi
Oeneral Chemical ..,171
1 General Motors ctfs.- ?4J4
r,eu Motors Corn rts. . S(
7 Coodr.ch B F pf (
. . Granny Conso) M A M 37
7 Great Northern pf... ,t0M
4 Ot Nor Ore ctfs....'.. 35J5
. . nulf stato steeri 61 yA
7 Hsrtman Corp 3$
4 Haskell ft Barkor Car70J4
a Inspiration Con Cop.. 51H
.. Interboro Con Corp. . . 3H
8 Intl Harvester Ncw...l3tJ$
. Int Mer Marine 3.1
fl Int Mer Marine pf... 8914
.. International Nickel .. 17H
7 Inter Nickel pf 81
.. International Paper .. 74J4'
.. Iron Products Corp... 4414
. . Jewel Tea 0J4
2 Kennccott Copper ... 3714
6 Lackawanna Steel ... 71
LIB ft Mcra Class B.144M
2 I.ocwc Co
3ft
114
85
3tK
U4
117
45
IJH
43
84.
tti'
17
13 H
tt
S8U
4
210
55 J4
t8K
4014
5(1
8
18'4
73W
116
3tH
4Ui
134
mi
88 M
12
11214
434
Yt
57
tt
8
3114
40
3514
3014
1514
31
54 J,
SS
7
MV4
12V4
UK
145'
51
55
86
t?4
8714
83
35
314
161
14
8K
37
66 Ji
35)4
f.0!4
S3
70 !i
5iy4
3H
132
31 H
88 Ji
17 K
81
74
44 !4
14
17 K
71
144H
28
14
12:84 Net
(NTlm) ChSt.
31H- H
i)4 ..
85 - 4
3tX (4
114- H
I37K . .
4t4- 1W
UH- 14
43
M 1
7M 114
23J4- a
61U4- 14
1M ..
2t0
5514-
tt - 14
tt
40J4-
6t -6
-
7814 - M
7314- a
117M 1H
aott- tt
4114- tt
l.1tji4- 14
22J4 14
60tt tt
11
11114 4
43 H
14 -57
tt
8 -
4ft
35 IJ4
St!4 5 .
31H-
7t - I
314- H
1214- 14
3 14
145K-
51
65
87 t tt
'4
8714 114
83 - tt
35
3.1
17b 5
- U
X- 14
SB- l'4
37
A
31 !4 .
6IU-
314-
7014
53H -
3tt
132
14
17tt
81
74! -44
V,-
!4 -27
14 -71
-
1444
30
Bsteo
tet
itt
itt
sttt
it
ltto
6t0
3t
400
ltO
3706
7t0
tot
104
itt
lt
100
160
att
30
Itt
4 tO
26M
tto
1400
1500
100
10t
200,
lot
too
lttt
i to
100
10ft
100
160
5tO
00
5300
ltO
4M
100
tot
let
tto
tie
1100
1100
306
200
25
1100
13000
2C0
3560
30t
Dlv.
in
Hlsh
Loft Corp lttt
11 Lorllltrd Tob 14t
1 Manhattan Kiev suar 4ttt
16 Mexican Petroleum ..ITS
I Miami Copper lttt
1.00 Middle States Corp... 1814
4 Mldvala Steel A Ord.. 4.1(4
7 Minn St P ft 8 St M pf m
.. Missouri Pad fid 31
., Missouri Paclflo pf... 40?(
.. Nat Aniline ',1 Chm. 71 J4
-. .NatAnACheml:nlpr, ttJ4
n Nat Cloak A Suit..,. 114
Nat Knam 6 Stamp.. 1714
6 National Lead 77)4
10 New Tork Air Brake. 18
6 New Vork Central... 6714
. . New York C A St L. . 17 tt
3.S6 New York Dock 34
. . New York N H ft H. . 18tt
7 Norfolk ft Western... 85 14
I North American 5tH.
7 Northern Pacific .... 6614
4 Ohio Cltlea Gas 314
.40 Okla Prod A rief 4U
6 Pan.Amer Petrol ....ltltt
7 Van-Amer B 67 tt
5 Pennsylvania It It... 3814
. . Per Marquette 13
3 Philadelphia Co 3t)4
.. Phillips Pet .. 38 J4
. . Plerce-Arrow Motor. It
.. Plerco Oil 1614
Pierce Oil pf 83 H
8 Pressed Steel Car..., "tSH
5 Punta AlerrO .Sugar. .16114
1 TAwy Con Cop 1(14
4 Iteadlnf t3tt
. . Iteplo Stet 86
e Republlo iron A steel. Bltt
4 Republic Motors .... 63
.. Iloyal D N Y ....11714
., St Iouls Southwest... 13
. . St Louis Southwest pf 11
Savage Arms 8tt
6 Sears-ltoebuok MS
.74 Shell Transport 74
.. Sinclair Oil 3174
6 Southern Paclflo 9114
.. Southern Ball 1114
n Southern Ball pf 65 tt
jo Standard Oil ot N J.. 650
7 Stan Oil of N J pf....l66H
.. Stand Oil of N J rts.. A
4 Htromberg Carb 76
7 Studebaker tt
.. Ttnn Cop A Chem.... 10
lSsso. Ntt
lyw (NTtml Chs
It 14
140
0tt
177
r
S8tt
4314
8114
34
.:
14
806 2. SO Tepas Co
!4
14i
1
14 '
4,
tt,
14
404 .. Texas ft Paclflo
160 6 Tobacco Products . .
206 g Union Bag; A Paper,
to lo Union Paclflo
200 4 Union Pacific pf
Itt United Drue ..
100 11 United Fruit
100 .. Union Oil
1000 8 United Retail Stores.
I860 a U 8 Ind Alcohol ...
100 6 U S Food Products..
43)0 ..US Realty A Imp..
1200 8 U S Rubber
10600 0US Steel
700 7 U 8 Steel pf
606 7 Utah Copper
100 6 Utah Sec
16330 6 Vanadium Corp ....
1800 4 Va-Carollna Chem . .
too l Vlvaudou Ino
200 . . Wabash
.100 7 Western Union Tel..
100 4 Westlnghouse B & M
1100
1 Wlllys-Overland 1914
Ex-dlvldend.
47
Sttt
814
8614
111M
. 6214
.
.246
. 27M
. 7t)4
. 8t
. 4 14
. 6614
. t4
. t3tt
.105
.68
. 814
. 8314
. 75J4
. H 14
. 714
C3U
4t4
,
714
37 tt
3114
1814
88 H
lttt
4814
3t
414
10! H
TK
38
22 tt
3tl4
3814
4ttt
1614
8314
08 tt
16114
!&
83
85
114
5114
Htt
12
91
46tt
308
73(4
31
01
1214
55 tt
650
lOOtt
14
75
68
10
47tt
38H
68 J4
86
llltt
-'tt
llltt
266
17 tt
78J4
87)4
6414
87
li
P3
10474
67 'A
814
7B
74 tt
I8J4
7tt
8314
4914
I8T4
14
tt
tt
14
)'
'A
14
14
14
U4
"w
2
74
UK- tt
14 1
40 tt
177 tt
sow y
18J4- tt
tm- y
8U4-3
34
46tt V
7174 J
0)4 1
6114 1 ,
6714 Hi
7714
16 Itt
714 tt
27tt tt
3314 lt
ltt 14
8514 .,
8tt- W
tlK VA
39
414-
1M14
714
3814 -
ntt
.1614-18tt-60
lli .
83
98M
10114-
1114,
Mtt
t
tl
51J4- tt
117H 74
.11
31 ..
-
108 3
'KB it
114 ..
31)4 ..
55tt y
610 -1
loott- )4
14
75 - 1
C8J4 )4
10 )4
47)4 )4
3tt tt
8)4 y
8t - 1
11174- 74
itt- tt
115 tt- 14
108
37tt ..
7)4 )4
88)4 )4
C4K- 14
8tt Itt
04
S3W tt
1674- )4
Ttt- Itt
8)4-
81)4 3'4
75J4 3
lttt 74
7tt- 14
83 - 14
14- Yj
1874- 74
tBALEfl IN 110001
rrsm Onenlnr Wnlll It Noon 'N. V. time)
1, ., . nrfn
Penns n n 6s
ren'ns'rt It 7s
c
Commodity Markets
v
HOMI.".
Hgtl LOW
M-
sak in
jlpon
13 3-10 Kl &
Tr 4s..
." Lib Itouds
2.1 4-',s
S .'id 4a.,
8'-. 4th 4l4s.. S.-,..-,4 W.4I5 85.4ft .10
2 Vict'y 4-s 05.70 i).'.70 !).r,.70 ..10
a Pentia Co
temp rts..lftl!i. 101 4 101 '4..
1 P H & W 4s 0(5 00 f'l? . .
1 I'nltcd Itwy
Invest 5s.. firtVj fiftU 60a l
COTTON MARKET
Neve York. June 15. There bcinc no
change in weather conditioiiM in the
belt overnicht nnd cables hlimvinc weak
ness, t-clling pressure in the cotton mar
ket opening was renewed this morning '
and prices dropped 12 to 25 points on .
first sales.
Liverpool and Wall street, with local i
-- traders who were very neansn. len ine
10 .. selling, while demand was scattered aud
20 J? confined chiefly to the trade and New
ll7k- Vi Orleans Interests.
Nt The market after the start nroppen
ROTARIANS TO HAVE
CHOICE OF HOTELS
i
Philadelphia Members Likely to
Commute During Convention
in Atlantic City
eh-1 shamlr and at the end of the first
. ... . ., twenty minutes showed a net loss of,
4-S-t- 'N,Kiit 3.1 noints on new crons. Liver- i
c-mo nt oi mi ..pool's weakness, acconling to private!
S.,.10 .Sj.n4 4.0(1 .14, ij,.! .. ,t,IP n hcnrlsh cron news
OO Lit wO CA GOCit 1 tUI '' r. . ' -- ----- -- .
"- ?j-r' LT-r'-'T " I flnd stonloss orders.
RESERVATIONS GROWING
Producers Wanted
WII-known brokerae firm, member
Caoiolidsted Stack Eichtn(e of Nev;
Terk, bn an opcainc for two or three
tkoroojblr eiperienced tad cipable
Besrdroem Productri for itt PHILA
DELPHIA OFFICE. Moil be Umiliir
witb Stock Eicbanie and New York jj
Carb 'Market iccunties. titabltihed cli
entele ii not altogether necenarr. Un
paralleled opportunity. Write for ap
pointment, giving full personal history.
Applications held strictly confidential.
Address
Attention A. B. C.
Care Frank Kiernan
Advertising Agency
135 Broadway New York
Fiat Touring Sedan
Specially ")ntrui-l bndv on 't nnd
ehapHln, hu.lt mnltt' n T'a thnr
oushly quipiil nnd tn t' 1 n' .Trdi
tton. cot 112 .''DO r.'t. ''vi-nor mult
erlflr. ill ci',1 fir n.'O i Incri-tlnn
Invited
P-223, Ledger Office
LONDON STOCK MARKET
Higher Rates for Money and Ruah
for Capital Checked Trading
..London, Jun 15 Hlsrhcr rates for
i money and a revlvnl nf the ru.h of new
i capital Issues checked the demand for
! securities for Investment on the stock
exchange tod.i and the markets Ken
I orally were dull. The Kilt-edged section
lacked color
Oil shares dropped Shell Transport
ivas Wi nnd Mexican KaRle 8.
' Karttrs KacKed The South African
i mlnlnff commission reported that Rand
i uorklnj; costs were "s a ton above pre
war lVfi
Home rails and Canadians wavered.
hut the descriptions of ArKentlne roads
wre harder A favorablo annual re
port helped Marcorrt'a. Diamonds wero
flat in sympathy with Paris. Hudson
Day wes 7 7-16
FOREIGN EXCHANGE
nw Vork, June 16. Exchanges on
mport.ini centers were stronger In the
1 rrmlnal opening quotations. Marks
ier. weaker
Qunt.itioim wore Demand aterllnjr
' if, ..ible.s : 94, up itc; franc cables
1". "1 .-hecks '307; lire cables 17.05.
liMk 17 G7, BelKlan cables 12.50,
rl ecks 12 52 . guilder cableH 364, checks
fi hlss cables 5.50. checks 5 62; pc-
1 sftns cables 16.C0, checks 1S.66; 9tock-
irim tables Jl 80. checks 21.70; Chris-
mnla mUWs 17 SO. checku 17.60. off 10c,
'"openhnKen cables 18. DO, checks 16 80.
, Marks wera 7 points off. at 2.41.
TESTKBDAY'S FINAL QUOTATIONS
atfrllri Francs Lire Oulldr
i riTTiiind X OSS 13 12 IS. 07 BAV4
Ul'" 3fi4' 13.10 OS US 3i'
July
CVtobv . .
Dwramr
Jnur'
Ararcn .
Miy .
Prcv. floie
, . 3R.00
. S.T
. 31.77
S3 07
32 .V
.12 0
(N T time)
OpenlnK 11:30 n.m
37. SO
S4.SS
3S.AK
32. SS
32 40
31.00
37. SS
31 M
33.54
32 37
An Unusual Investment
Yielding 8.64
Circular Upon Request
NAULTY & CO., Inc.
Flanders Building
PHILADELPHIA, PA.
Southern Pacific
Equipment 7s
PhUa. Plan
1924 1933
rrice on Application
Townsend Whelen & Co.
505 Chestnut Street
MONEY-LENDING RATE8
PIIIl.ADELl'HIA Call, 6 per cent;
time, 6 per cent , commercial paper,
three to six months 6 per cent.
(Vote These are meiely nominal quo
tations, aa the lepal rate of Interest in
the state of Pennsylvania Is fixed at 6
per cent. Plus premium and commis
sion time money for thirty to ninety
da Is loaninK at 8 per cent, while com
merclal paper from three to six months
Is bilnK Viffered nt 714 to 8 per cent )
GRAIN MARKET
Chicago, .Tune 1." Initial lossr;. in
corn were recovered promptly tills
morning on a little buying through
commission houe. Trade was small.
Owing to the fact that country towns
bad not adopted the Chicago daylight
saving plan there was little outside
trade at the opening of the market nnd
values were largely dependent on deal
ings of local operations. Owing to con
gestion on freicht. at IHltimore, the
Baltimore and Ohio Hai'road has placed
an embargo on grain for export from
that port. The rercipts here today
were 200 cars.
July opened at ?1.74 to $1.73,
against $1.7Vs at the end yesterday,
and moved up to $1.74. September
started at $1.04'4 to $1 .(,. and ral
lied to yesterday's final quotations of
$1.041.4.
Oats were quiet and generally steady.
Business was confined to local Interests.
Receipts were M cars. July started
at $1.02 to $1.03. against $1.02
at the close yesterday, and later sold
nt $1.02 ; September opened at 84e
to 84c, against R4c at the closo
yesterday, and later sold at 84aic
Receipts of wheat here today were
0 cars
i Liverpool Cotton
i I.tierpnol, June 15 Spot cotton was
I dull today with prices easier on the
basis of a decline of 31 points for mid
dling at 27.31d. Tho salts were 3000
balei. The receipts were 11.000 bales,
none American Futures were quiet In
the early deallnKs. Spot prices were:
American middling fair, I2.56d : food"
mlddlinr. 23.81d; fully middling. 28.6Sd;
middling, 27.31d; low middling, 24,01d;
good ordinary, 20.81d, ami ordinary,
19 lid
Boston
BANK CLEARINGS
JR4 t',00 127 100,00.460
I
BAR SILVER
Ion.Ion Juno 16. Bar silver was Vid
lower today at 44d.
CANADA VETOED NAVY PLAN
Reserve Banks' Discount Rites
Official rediscount rate at the twehe
Federal Reserve banks are as follows
Canadian National Ry.
7 Equipment Certificates
To Yield 7.10
REEDA. MORGAN & CO.
WK8T KVP TKl'HT nt'ILDINQ
Mmbr of ths Thlla Stock Eich
S
Lawrence E. Brown & Co.
CERTIFIED rUBLIC ACCOUNTANTS
10IS nKAL KfiTATK TKCflT HLDO. .
JnvMttiate and mUust ,pnrtnrrhla tnc
rorpentlea aeroanla. Aura prepars U. .
Incama Tax Bitoms
Wartime Proposal Called for Uniting
Forces of Dominion
Ottawa, June 15. Proposals of the
' British admiralty to unite all Dominion
naval forces Into a single Ilrltlsh navy
at all times under a central naval au
thority were rejected by Dominion
1 premiere In n hitherto unoublished
I memorandum, dated August, 1018, and
i made public here last night in connec
i tion with a statement of Canadian naval
s i policy.
i The memorandum was prepnrca at a
i conference of Dominion premiers in
I London after previously having glysn
consideration to an' admiralty memo-
DIVIDENDS DECLARED I randum on the naval defense of the
Standard Screw Co , resulnr quarterly i,i ! empire circulated to the imperial war
fl ir unuon rommon and samUnnual of 8' conference.
tier rent on preferred, both pajablo July 1 'o .
tork of record June 10 ....
McCrory Htnrei Corn . rerular Quarterly Unmn'a nimant verdict Unheld
nf IV. kav ,.nl rn trmfmrrA (MV.kl. T..I.. . ..w.f.w.. .. r
'. . v -. v.. i-tw...w. Kn.r.v ,.,, .
lo siock oi re-ccra Juno 4w.
I
0
Tre Mb Com'l Ukri
ctfs Hindu Paper Accept.
Bojion .1 0 7 A
Ww York a 7 s
Philadelphia .. oV fl s
Cleveland . R'4i fl s
Ttlchmond S W5Vi !S H R
Atlanta . . s SV H 1 SS
rhlcaao . S .11'. fl 7 S
St Louis 5 MU .' B
Minneapolis ... fi &5H fl fl AU
Kansas City S S'i S
Dallas . .1 i'ff S flU
Hn I'Yanelsco 5U 3s fl 3'i
Atlantic City, June 15. Adoption
of a novel plan for the housfnn of n
great army of free-spending delegates
to the international convention of Ro
tary clubt typical of Rotarians. but
of no other organisation so far as ap
pears from Atlantic City's experience as
a convention town may make it neces
sary for n considerable part of Phil
adelphia's contingent nf Rotary ad
herents to commute tn nnd frorrt the
gathering of tlu ho.t in Atlantic City
next week.
That odd denoument, if It comes to
pass, will be due to the big-hearted
practice of the Rotarian brotherhood In
giving to the brethren coming from the
greatest distance to the international
get-together ftret-poy. without any
Strings whatsoever, to the pick of
hotel accommodations.
As a consequcnen virtually all of the
Boardwalk houses where tho Phila
delphia and New York Rotarians are
accustomed to msk tbeir headquarters
when at the shore for business or
pleasure have been booked almost to
the limit with Rotary boys from Great
Britain. Including a large and aggres
sive delegation from Edinburgh,
Canada, the Far West, the Southwest
and the South.
As a consequence the only accom
modations in prospect for the Phila
delphia Rotarians nt this writing are
in tho smnller houses of the crosstown
streets or on Pueific avenue, a square
back from the Honrdualk, and the
supply of priiutc baths for them is
correspondingly sparse, i
There is still a possibility that there
will be more lat -minute cancellations
in the reserved quarters, and there It
a chance that these may be made avail
able for the Philadelphia officers. Con
vention managers today counted it
typical of Rotary spirit that the boys
nearer home Hre perfectly content to
take whatever is available in the way
of quarters in order that the long-distance
delegates may see Atlantic City
at its best and have the very best the
big shore town can provide for them.
LEAP FROM BLAZING PLANE
Two Army Fllere Have Cloao Call
When CraffTakea Fire
Easton, Md.. June 15. Lieutenant
Wendall K Phillips and Mechanic
Louis W. Frank, of the government
proving grounds at Aberdeen, Md., nar
rowly escaped death yesterday while en
route from Aberdeen to Kaston.
They had just left Aberdeen in one
of the Curtiss model II airnlanes and
had reached a height of more than 1000
teet wnen ttieir plane, caugnr. nre, lac
motor becoming overheated and the
gasoline vapors from the carburetor
igniting.
Lieutenant Phillips and his compan
ion were nearly suffocated by fumes
from the burning gasoline, but the pilot
swung his machine Into a nose dive, and
when about 200 feet from tbe earth
straightened the plane out again. He
shut off his motor, and Just as the
machine struck the ground the occu
pants jumped out. . ,
I.v good luck they both jumped clear
of the burning machine and escaped
unhurt, but were nearly exhausted from
the effects of the gasoline fumes.
STORMS DAMAGE FARMS
Lightning and Heavy Ralna Destroy
Church, Crops and Barna
I)oj les town, June 15. Thunder and
lightning storms during tbe laft forty
eight hours caused thousands of dollars'
worth of damage In Bucks county. The
storms were of great velocity nnd the
most severe in many years In this sec
tion. Five places were struck by light
ning, and many large crops were de
stroyed in the farmlnr district.
At Pinevlllc, the large barn on the
farm owned by Heston J. Smith, was
destroyed by tire caused by lightning.
Two heifer calves were killed and all the
farm machinery was lost. The loss here
is estimated nt $10,000.
Within a radius of four miles, four
Upper Rucks county farms in the
vicinity of Kitnersville were struck by
lightning. The barns belonging to Wil
liam Trauger, of Kitnersville, and Jo
seph Simmers, of Bucksvllle, were de
stroyed by fire.
A Catholic church at Lehnrnburg,
where services were being held, was
struck by lightning, hut nobody was
hurt. The church was partially de
stroyed by fire. The residence of John
Overpeck, at Kitnersville, was struck
also.
M. E. FUNDOVERTOP
Centenary Conservation Quotas Ex
ceeded by 91,250,000
New York, June 15. Bubscriptions
to the Centenary Conservation Commit
tee of the Methodist Episcopal Church
exceeded the quotas for the various
areas by more than $1,250,000. accord
ing to figures made public by tho Cen
tenary officials here. The total
quota was ?1 13.824.450. and the sub
scriptions were $115,00,1.375.
The subscriptions for n five-year
period of the principal areas follow;
Cincinnati. $14,715.72(1; Chicago. Sl.'l..
185,2-10: Roston, ?4,!24.'.M1 ; Ruffalo
.rr,,i,oi.,ii ; irariT, ! ,'HII,(HI ; De
troit. $11,070.480 : New Orleans S1 .
731.235: NW York. $7,074.3110
Philadelphia. $7,200,122; Ilttsbtirgli
W.33B.SRO : Portland.' $2.3Sill5 1 San
F-rS'irJ;cn- N.-HMWTSi St. Louis. $3,.
478.10,1; St. Paul. $5,421,213; Wash
Ington, $0,720.8(10. ' ' ""
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thtcoUte, tht(iUtt-tcatin&, tm ana" tindy in tht XJnittd States,
have bttn ttteblhhtd in Bretllyn, New fori, for jj- yari,
Rockwood & Company
8 Cumulative Preferred Stock
Net quick asieti are equivalent to $120. for each outstanding
share of preferred stock. Current assets are about five times
current liabilities.
From the earnings applicable to common stock 25 shall be
reserved to maintain surplus assets of $1,000,000 in
excess of all liabilities, and no mortgage shall be created
upon the properties or assets of the Company.
Annual net earningj for the part three year averaged $811,877.56
and for 1919 ere 1,508,655.15, or approximately six "times
preferred dividend requirements.
Price $100 per shmre, yielding 8
i
Tkuriptrvt tirculsr ntiUiupqn reptttt
,HollisteiWhite & Go.
.COeaoaArao.
BOSTON
snuNoruu)
North American Building
PHILADELPHIA
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NEW VORK
rORTLAND
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RESOURCES
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June 11, 1916
" 1917,
" 1918,
" 1,919,
" 1920,
$2,381,267
3,121,979
3,766.011
5,685,548
7,057,582
The Colonial Trust Co.
13th and Market Streets
Member Federal Reserve System
Capital and Surplus $1,000,000
"$
Open Every Evening for Depoeita and New Account
Liberty S'is ...
Libfrty 2d 4s...
Liberty 1st 4Vs
Libsrty 2d 4Vi
Liberty 3d 4V s..
Liberty 4th 4.
Vic Notes 3s .
Vic Notes 4?4s..
inch
1)2.00
MM
sr.os
RS.00
05.81
05.00
(N.
Low
01.84
84.60
85.30
84.0S
88,ftfi
S5.3!
05.50
05.50
T. time)
11:18
a, m.
01.8H
84.(10
85.50
84. OS
85.PO
85.40
05.00
05.00
Financial Briefs
Trentin. Junp 15. A verdict o(
Punta. Aljtre Suaar reaTjlar Quarterly dsmSKfS recovered BROinst the director
! fecoTd JiVi Pyb" Ju'y ,R ,0 rtne6 ileneral'ot railroads by Mrs. Mar K.
Atinerson ior uie utuiu in nrr nuauouu,
LIVESTOCK QUOTATIONS
Chleaao, June IS, HOQS Eatlmattd r
relpta. 40,000 hea1, left over, 12.180 head
Itun alow, aettlnc In flrat aalea 16Q2Se lownr
than yeaterday'a averaae. MB, 30 paid. Av.
eraae roat yeaierday, S14.47.
CATTI.K Katlmated recelpta. 12.800 haad.
B1IEEP Eatlmatad raealpts. 6800 head.
Harrv Anderson, was afflrmed by the
Court of Krrors and Appeals yesterday
afternoon. Anderson, conductor on a
freight train running over the Camden
and Atlantic Railroad, was killed In the
yards at Camden by a collision between
a yard enfine ana anouier train.
Edwards Delegate Dine Tonight
AttanUc City. June 15. Enthusiastic
pro -ICd wards Democrats from all parts
of Atlantc county will tender a "dry"
testimonial dinner here this evening
to Charles I. Lafferty, deputy revenue
collector, and William Charlton, secre
tary of the County Hoard of Elections,
who are Edwards delegates to the
Democratic National Convention.
WILLS $375,000 TO CHARITY
iuu.uuu mven Methodist Home
Missions In Philadelphia
inn ?375.000 to rhtirehes nnd hospitals
nre provided in the will of William F
lrm',tong ?f No.w York' which was
filed for probate here yesterday. Mr
Arnistrone died In Chimen nn 'f,,.. o '
The will bequeaths ?100.000 rneh "to
t .i rn"r '''flst inference of the
Methodist hn eonnl Cliiir..)! .i, i..j
of Home MIsKionsfif the Methodist Epis
copal Churrh nf Philadelphia and to
ANesIeyan University for the foundation
i t-vt-.tii smukirnnr sennlnrshlps. Other
lIQ.,Lesl? 'n(,1,.",r'1 S25.000 eaeh to the
Methodist hpiscopal Hospital of IlrooU
lTii and the deneral Hospital Society of
Connecticut; .$15,000 to Crace Methh
dist Episcopal Church nf New Haven
Conn., nnd $10,000 to the Ilridceport!
Conn.. Hospital After deducting
various sums left to relatives nnil
friends, the residue of the estate is be-
quiaineii m vi csieyan rniverMt.v.
MISSOURI G. 0. P. AROUSED
Forty Republicans Meet In St. Louis
and Demand Clean-Up
fit. Louis, Mo., .Tune 15. Demands
formulated at a meeting of about forty
local Itepubllcans here yesterdav called
on the Republican state committee "to
convene at once to straighten out the
situation arising from the derelictions
of officials of the state organisation."
The meeting resulted from revelntlnns
before the Henate committee investi
gating prrconventlon campaign expendi
tures concerning tho distribution of
Lnwden funds in this state.
Speakers asserted n "general clean
up" is needed in the party in Missouri.
A committee pf Ave men and five women
was appointed to present the demands
to the state preanUatlon. and former
Circuit Judge Matt C, Helnolds, who
called the. meeting, said unless the stato
committee acted a statewide mnss
meeting of Republicans will be called.
The a.verage price of twenty active In
dustrial stocks declined 1.45 per cent
yesterday to 91.78. whllo twenty rail
roads declined 0.53 per cent to 70.19.
Joseph W. Gross and Samuel Evans.
Jr.. of Joseph W. Oross & Co., corre
spondents Of Aldred & Co., are. leaving
this morning with a party of local bank
ers to visit tho various properties con
trolled by Messrs. Aldred & Co. The
party will visit the Gillette Safety Itaxor
Co. at Boston, Mass., Shawlnlgan Water
and Power Co.. Laurentlde Power Co.,
Cdar Rapids Manufacturing and Power
Co.. St. Maurice Paper Co., In Canada,
and several others.
Anaconda Mining Co. May production
totaled 8,700.000 pounds or copper
against is.suu.uuo in April.
The subtreasury lost 8273,000 to the
banks yesterday, reducing the cash net
gain since Friday to Jl,73t,000.
Parsly Bros. & Co. announce that
John J. Burnes has become ussoclatcd
with them In' their bond department.
Stock Exchange Rulings
New York, June 15. The committee
on securities of the New York Stock
Exchange hae ruled that Mexican Petro
leum Co. Ltd., of Dolaware. shall not be
quoted ex-10 per cent stock dlvldcna on
June 10 nnd not until July 12,
The committee on i-.fcurltlfn of the
New York Stock Exchunve hm, rule,!
that May Department Htnres Co. com
mon Block be not quoted. ex-the 33 1-3
per cent stock dividend on June 26 nnd
not until July 12.
The Stock Exchange has received
notice from the 8. S, Kresge Co. of the
proposed Increase In common stock from
lio.ooo.ooo to j:o,ono,nnn
GOVERNMENT BONDS
Panama coupon Sa. 1088. .
Fananm reglatored 2a, 1D3A.
Panama coupon '.'a, 1088
ranamn reslaterrd 2a. 10SR
New Issue $650,000.00
Atlantic County (New Jersey)
6 Road Bonds
Dated June let, 1920
Due June 1st, 192G
Free of Federal Income Taxes, Tax Free in New Jersey
t
Net indebtedness including this issue less than l'
of the assessed valuation
Legal opinion by George S. Clay, Esq., New York City
Price 101 .25 and interert, yielding 5.75
DaMvery if, when and as issued about June 15th
Boenning, Garrison & Co.
Stock Exchange Bldg,
'Philadelphia
Foreign Securities
Funds invested in foreign securities' at the
present rates of exchange will show sub
stantial improvement as exchange returns
to normal.
Securities of European countries, South
America and the Far East bought, sold
and quoted by our foreign department.
Edward B.Smith &Co
BANKERS
, ESTABLISHED 1802
Member lew 1 lorfc and I'hUadrlphla meek KrelwHOe
1411 CIIKHTNVT ST.. rillT.ADBM'IllA
NKW 7-OM10N KASTON
I'OTT'VU.I.K. PA. NKW YORK AI.LKNTOMN
Panama coupon 8, 10(11
ranama reaiateren si,
1011.
Phlllrnllie 4t. 1B3 1.
Philippine 4e. 108S .
Philippine . 13
II H Oov coupon 2a, 1930. . .
U H Oov reaiatered 2a. 11)30.
U H Oov coupon 4, 102S
U 3 Oov rea-litered 4a 1V2S .
DIM of Columbia ft-Afta 10M
Did Ak
101U toiti
loow miw
1"0H lot U
mow iniw
'7 82
IT SU
7S RS
78 S.I
. 78 SS
101) I01U
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mi in.i2
in 10:114
s.t
RAILROAD EARNINGS
WAIIASH
April ernaa
Deficit after taxea
Net operatln deficit,
Four montha' aroaa.
Deficit after taaes
Net o.xrntln- deficit
Dacraaae,
1020
12.n;H.fi9.i
1.S2S.SH7
1,812,7(11
lfl,4S7,82n
i.sss.Hia
.'.335.0S:'
Increara
M&M.nSt
1,ORO,0.17
2.OIS.0ST
2,e0S,T01
1, ASS, (170
1.0.10,04.1
REPIIRS
NYummc
MCH
Wo sire equipped to do the
work t your plant and aayo
you the expense ef tony tie-up.
Phone Wat. 1814 and Main S444
n&SSSBi
Ialiiar.at4vi .
atJt-jHtJt .DAftlKN T.
$250,000
St. Louis-San Francisco Railway Company
Prior Lien Mortgage 4 Bonds
Due July 1st, 1950
At market, to yield over 8
HARRISON & CO.
BANKERS
106 SOUTH FOURTH STREET
PHiiann Miai
Member New York and Philadelphia Stock Exchange
Statistics Show That Most
estates of $5000 or more are dissipated in a
few years where there is no trusteeship. e
assume the responsibilities of a trustee, which
assures tho future of those you wish enred for.
A consultation with us may set your mind ot case
on many of your financial responsibilities.
REAL ESTATE TRUST CO.
OF PHILADELPHIA
Broad and Chestnut Sts.
wtland
Americm Telephone fi Telefrath Co.
A dividend of Two IMIara per ahara will
b paid on Thoraday, Jul 15, 1020. to
atockhnldera of record at the clote of buil.
neaa on Saturday, June 10, 1020,
mviDKNns .
TKXAH NATIONAI. pll- BKHM
COBPOftATION
Fort Worth. Tfiss
The Board of Directors n 1
reaular monthly dividend of -.(,',
noiaera or record on Jn ,
ehieka.havo.baan mailed. "
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Q, Jj. MILNE. Trtsaurar.
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