..:t 'i.1
Hf
(? '
:.vVi,
;
K ti' . '"
, ''';
' I
0 "u
Ry.
a '
i'
'si.
. i,
20
BVBNlJSrg PtelC EDGB3PklL'At)ErPHji;; FBIflAJr: JtJHE 18, 1920
. '
It A&m "HlflillBTS flflVFRFR ll new yorkstock exchange transactions 1 CURB TRADING
Nsgfr
Hershey Chocolate
Corporation
will ncquiro nil tho stock
of the Hcrahcy Chocolnto
Company, tho largest man
ufacturer of milk choco
late in the world.
Wo offer, if, ns and when
issued, the First Lien 75
Ten Year Sinking Fund
Gold Bonds of this Corpor
ation at
97 M and interest
yielding about 7.85 To
Circular en Request far PE-Stl
TheNatioHalCrty
Company
Offices In over BO Cities
Philadelphia 14tl Chestnut St.
Atlantic City Clialfontn lllnck
1125 Ilonrdwalk
FREELY AT CLOSE
Spirited Upbidding Supplanted
the Earlier Mixed Move
ment of Prices
JR
Cities Service Co.
. Preferred
Stock
Dividend Earned
4 Times Over
9 Return
on Investment
Monthly
Dividends
Circidar P
on Request
Henry L. Doherty
& Company
604 Morris BIdg.
Philadelphia, Pa.
I'bone LOCCST 1140
THE EARNING POWER
OF MONEY
IV are at pre.ent ottering the T"
Serial Convertible Gold Notes of a
lire corporation, maturing annually
from 1D22 to 102ft and convertible at
the option of the holder Into 20 shared
of Common Stock for each $1000 par
value of Notes.
Net earning for year 1010 were
over 0 times interest charicea on N tes.
and after prefetred dividend at the rate
of 7 the corporation earned over $10
per ehare on tho outstanding lommon
tock.
Prices to Yield 8.
MOORE
LEONARD
& LYNCH
ICUSHMAN NEWHALL
I MAMAGCR
I540 WALNUT STREET
, i bAiibiun nurtk
.
New York, .luno IS. Except for the
spirited revering movement In thp last
hour thr trading In today's stork mnrkot
was of thp samp fnmilnr desultory char
nctrr. I'rlrp movements were mixed
until tho shorts run tip list In the flnnl
denling and thpn n ntimhpr of thp more
sperulntivp Issues wprp carried up to thp
top prices of thp wppk.
Nothing In thp overnight develop
mpnt.s or morning news was of sufficient
tmportnnrp to Inlluence thp rnnK nnn
I Mr of tho trading rlpment to ohnnge
I onp iota from thp adopted untrliftil
I n ititiR policy. In truth. It would pppm
1 to require n llttlp short of a mlrarlc
I to prodtirp any concession from this
stand until nftpr thp Democratic con
vpntion at least.
Overnight dpvrlopmrnt. ivrrp not al
together without intprpst. As a matter
. of lad. one of thp most encouraging
' events to romp to hntiil in n long time
, was supplipil In thp declaration of thp
regular quarterly dividend by thp North -Irrn
Pacific hoard. This aetion. with
I the rather reassuring remarks of Mr.
, Kttnt. pnt far to dissipate iniieli of the
recent reckless and unfounded talk of a
wholesale reduction in dividpntls of thp
prominent railroad stocks.
It begins to look as if thp rroent
action of thp Chicago and Northwestern
board was ill -ndvisod and inoppnrtuup.
especially when It is ronsidercd the road
was ablp to weather the storm of the
war period without having to make any
grent curtailment. In better -informed
'circles, there is a growing confident
feeling that thp worst of the rnllrond
situation has been seen nntl told, and
while the transportation industry is un
questionably greatly handicapped by the
inability to obtain needed funds for
equipment nud improvements, there in
already visible a rift in the dark
clouds.
DespltP the lifeless state of the
market and sluggish desultory trading,
the general list showed a much stronger
tone and acted as if it wanted to go up.
This was suggested in the gradual
hardening tendency following the tin
pven and somewhat reactionary opening.
1 IntPrmittPnt selling at the outset and
; during the best part of the first hour
1 carried some of the more Important
speculative favorites down from one to
1 four points. A rally, led by the eauip-
ments, food and chemical shares, effaced
I most of the early looses. When the
iwui n.iu.tzi. , jirv .111. . iu it. 11 t.nuu
issues, came forward during the mid
session the whoje list started to move
up. The recovery was given additional
impetus when thp transcontinental
division swung into line at quick pace.
followed up hy a further extension of
gains in the equipments tinder the lead
of Haldvviti Locomotive.
On n sudden burst of nctivity on short
covering nnd regardless of lirmer money
tendencies, prices mounted to highest
leels in the last hour. Some of the
oils, motors nnd shippings registered
extreme advances of 't to 7 points.
EXCITING STUNT
iy ELECTRIC STORAGE
NCWYOftK
in
MMSWA7
. ncwyork. wSSSa
"HILAOCLPHIA
C PITT5BUSOM
STOCK CXCHANGQ
tIV
Sales In $
too
ROO .
?00
300
200
400
noo
1400
too
100
1200
4600
500
A200
4300
tajn
400
200
700
400
400
800
1400
3400
200
2.1.10
900
1100
too
100
01)0
Advance Itumcly ,
.. Alaska Oold Mines... 1 Vi
. . Allls-Chalmers .17 tA
8 Am Agrlo Chcm 87
H Am Beet Sugar 00
7 Am Ur Shoe & Fdy... 00
.. Am Can 40H
12 Am Car & Fdy 130 12
no Am Drug syn 11
A Am Kxprcsg ,135
7 Am Hide & Leather t'f.' 1 !4
fl Am Internat Corp ... H7
,1 Am Linseed ,,,, S3
6 Am Locomotive ..... tHH
.. Am Safely niuor .... 1714
.. Am Ship & Com .,,. 23 K
4 Am Smelt & Ref .... 0'4
7 Am Smelt & Hef pf . . 00
X Am Steel Foundries.. MV
1 Am Sugar lief 12J 14
10 Am Sumatra Tob .... S8J4
s Am Tel ft Tel B3
s Am Tob Seo tcthp ctfs 85 H
7 Am Woolen OS
7 Am Woolen pf 0J"$
Am Wool Hta V5
4 Anaconda Copper .... 8?i
n Atch Top & Santa Fc. 7?4
. Atlanta nirm & Alt.. 7H
7 Atlantic Coast Line.. 82',
10 Atl Oulf A WIS S... 1014
3300O 3.S0 Baldwin Locomotive. . U9U
,. Baltimore & Ohio 31 's
4 Baltimore & Ohio pf . . 4U4
Barrett 113
7 Barrett pf 100
, Bethlehem Motors ... 2314
a Bethlehem Steel 87H
fi Bethlehem Steel B... DIM
. Booth Fisheries 8J
7 Brown Shoe 101 (.5
. . Bklyn naptd Transit. 13
Bklyn It T ctfa of dep, 8
10 Burns Bros 110
Butte Copper & Zinc. 81,5
.. Butte & Superior Cop. 2134
California Packing... fiojt
.. California retrolcum.' 30
10 Canadian Paclfla ,...in'
Case J I 10 Ji
0 Central Leather 07M
10 Chandelier Motors ...101M
4 Chesapeake & Ohio... 83
. Chicago & Ot West... 7Ti
t Chicago & Gt Wost pf 21 H
.. Chi Mil & St Paul.... 33
.. CM Mil & St Paul pt. 50 '4
5 Chicago Northwestern 00 J
8 Chi Pneumatlo Tool... S314
.. Chi R I & Pac 30 J
7 Chi R I & Pao 7 pf. 75
.. Chile Copper 154
1 Coco-Cola 35 Ji
H Columb Gas & Elec 85
1 Col Orapbophotie . ...30!i
7 Consolidated Gas .... 79
2 Con Interstate Cat M. 13 H
High Iw
33 Vi 3S lS
A New
Industrial
Bond
Hershey Chocolate Corpo
ration First Lien 7zico
Ten - Year Sinking Fund
Gold Bond, due June I,
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 f0.
Ask for circular
Bonbright & Company-
New York
Boston
437 Chestnut Street
Philadelphia
Chicago
Detroit
Stock Shot Up More Than $9
on Execution of Urgent
Buying Order
The recent monotonous humdrum per
formance of the local market was pleas
antly relieved today by the exciting
pyrotecnical displaj furnished by Elec
tric Storage Battery. A little before
midday, for some occult reason, a very
urgent inquirj sprung up for thp stock
anil which disclosed n very diminutive
supply. The result of this combina
tion was rapid upbidding of the price
from 117lj to rJi!1!. a perpendicular
rise of !ll. (mint- above last night's
closing level Foi a time it made things
hum nnd put M,c floor brokers on
their mettle, fur it looked as if some one
who had In in giiiln nf "selling some
thing that wasn't liis'n" n caught in
a vin mi' oiitfiivtahlp position After
the mine urgent ilinuiud slackened the
stock fell hack to IL'.'i
The -.inMi'ii n'jint'tintion of the trad
ing in the -toil; un utisiiuently pnrtly
explained l a -triet teport thut notice
luill bf ent to the stockholders in n
' fpw dajs of nn allotment of the common
stock Accoiding to the story, present
holders will he given an opportunity of
subscribing to tne new stock at par
i.SIOOi
In the general 1 1 t the trading was
nf the eaine litles eharncter and of
same limitul volume. I'ri es were mixed
with about an equal division of
g.iun and dei line- Purine the early
dealing- tne utilin group was disposed
ti ili nop but no important further eon-
tou were made in prices and during
tne remainder of the day the group, as,
a ih,nle helil up well.
1300
500
801)0
400
2030
300
S3 00
200
300
300
200
100
300
330
300
400
310
T1800
3500
1300
1000
300
300
000
1310
2300
3100
4500
400
400
1390
1100
aioo.
400
400
800
800
8800
3200
0890
8800
000
300
100
1800
100
390
100
300
1370O
300
800
700
O00
1900
230
300
100
39701
83290
700
100
1590
.100
200
890
910
too
13)0
100
100
2210
290
1400
2530
500
290
1310
100
115700
AOO
100
100
200
2S0O
100
3000
100
330
R1U0
3 Consolidated Textiles, 34 u
1 Continental Candy
4 Corn Products Itcf . .
2.50 Cosden & Co
8 ClUilMe St?el . .
.. Cuba Cane Sugar...
7 Cuba Cane Sugar pf.
7 Cubnn-Amer Sugar. .
0 Delaware & HudBon.
10 Del Lack & Western.
.. tnenvcr & Rio Grande
. . Denver & Rio G pf . . .
1 Dome Mines
. . Duluth So S & At ...
8 Endlcott-Johnson
. . Erie
. . Eda 1st pf
8 Famous Players-L
Y2
2Ks
1-S-s
84
38
14J'
8.114
80 H
SB
ooj-5
100
4'i
9?.i
OJ's
80J4
93
UH
10
7414
7 Federal Mln & Smlt pf 35
3 Flsk Rubber 33 H
.. Freeport Texas 23 Ji
General Chemical ...170
8 General Electric 140 14
1 General Motors ctfs.. 23 J j
.. Gen Motors Corp rts. . H
t 8 Goodrich B F 334
2 Gray Davis 21
7 Great Northern pf.... 6J
4 Gt Nor Ore ctfs 35'4
,. Gulf Mobile & Nor... 14
.. Gulf State Steel 61 54
4 Haskell & Barker Car 73
1 Hupp Motor Car 17 54
7 Illinois Central (3
.00 Indlahoma Ref 7'4
6 Inspiration Con Cop.. 52'4
.. Int Mer Marine 3354
. Inter Con Corp pf.... 13
Int Mer Marine pf... 8854
.. Internat Motortruck .. 03
.. International Nickel .. 18
7 Inter Nickel pf 81 H
International Paper .. 77
0 Inter Paper & Stamp 74
Isl OH . Trans Co ri
. . Iron Products Corp . . 40
4 Kelly-.Spg Tire 100 '4
. . Kelsey Wheel 63
a Keanecott Copper ... 20 34
1.20 Keystone T & R 305
6 Lackawanna Steel ... 72
3,50 Lehigh Valley 4134
12 I.legett ft Myers 145
. Loft Corp 10 14
2 Loee Co 28 '4
134
37
85
00
88J's
4054
137
U54
135
00
8354
81H
87
17
2354
5034
flOH
3834
125
87 H
0354
65 H
05
04 4
H
563i
70
7$i
83 1 4
158
117
30 '4
4154
150
105
2154
87 U,
89&
101
1134
8
no
8
2154
68 ',
30
112H
18
0034
08
53
7 5i
21
32
48 's
07 H
89 54
35 Ji
7434
1554
3434
64 ?
39 4
78i4
135s
33
12
035-5
36
138
5334
80
5534
00 5S
184 55
4 '4
54
0?
DO",
91
1134
I834
3354
341,
13
2S54
175J-4
140J5
23
54
r3
21
60
35 5,
14
CO 54
7I'4
1715
81 34
7!4
8314
31J4
1IJ4
87 li
60
175
81 54
74H
74
03i
4514
10615
03
203,
27 54
73
40 34
145
16 54
28
Today's Net
close chce.
3314 ..
iH- 14
3714 '4
87 114
o-14
001
40344-
13914 334
1114- V4
138 S
9114 1
87 14
83 114
0834 154
1714
-4354 - '4
non 1- V4
9034 14
3834 - 54
12514 54
8854 T4
334 - 34
8854
97 - 54
9414- 3
14
8034 14
70J4 ?4
734- 54
8354 - H
18114 194
11834 1J4
31 U 54
4114- H
153 4
108 4- 14
2354 H
87 54- 3J4
91H IH
8 '4 .
10154 3
1134- 54
8 - t
no A 1
814 15
2134
6834 -30
V
113J5 r
18 54
67 55
101344- 334
83 5-4
77i- 54
31 .
3234 34
40 H ?4
68 4- 54
934 334
3054 4- 55
75 4- J4
15J4 - 54
35 14
55 4- 34
30 "4- '4
78H- I
1314- V5
34 54 4- 114
12 - 14
81 H 34
36
145 4- 6'4
ni 1
S034 4- 13i
5534
90(4 3
190 t- 5
4 '4 - 54
034 ! '4
'4 ..
no4
91Si 154
11 W-- 54
10 4- 14
7414- 54
35
2315 Ji
7354- H
176 - 1
140H 314
S3i-
14
6334 f
21
60 -t-
351,
14 -t
61 '5 4-
72 4-1714-835-5
t
714 .
-SS15
4-
61 4-17H4-81
'4 4
77 4
74 6JJ-
46 4-
10815 4-
6.1 - 3
2634- 'i
30 - 2
73 r 2
41 - H
118 ,
16 5-5 ; '4
28 - 'j
Sales
Dlv.
in I
100 4 Mackav Cos nf 60
100 7 Manhattan Elev guar 4314
too .. Maxwoll Motor 2d pf. 18
100 6 May Dept Stores lit
7800 10 Mexican Petroleum ..180
3(00 MO Mlddlo States Corp... 3014
54
114
5-4
214'
H
34
Ti
34
14
34
14
'4
14
5
'4
H
1'5
l!
600
600
800
700
1600
300
3900
800
300
100
too
100
400
100
390
3600
300
100
8300
100
100
800
1300
100
200
100
f500
3090
100
33800
2500
3400
100
800
1800
800
5390
8990
100
820
700
400
400
700
300
400
600
4400
100
100
300
too
10200
10800
2000
1700
1000
300
600
300O
700
100
100
400
17300
2300
3700
1000
70
3200
100
900
15700
100
700
13600
705
100
3400
100
3200
1200
.900
100
100
11700
800
100
100
0100
5890
6700
1800
8900
100
200
135(10
600
300
11810
390
1500
300
too
300
100
.130
300
100
4.100
500
200
, 1000
100
200
4 Mldvnlo steel & Ord.. 43
.. Minn & St Ij new.... 13 34
Mo Kansas ft Texas., 0
.. Missouri Pnclflo 25
.. Missouri Paclfla pt... 4114
.. Montgomery Ward .. 3334
.. Nat Anlllno i Chem. 73)4
.. Nat An ft Chemical pr. 04
.. National cond ft Cable R54
7 National Lead pf....103
. . Nnt R R of Mpx 2d pf 8
1 Nevada Con Copper.. 13
..NO Tex ft Mexico, . . 33
10 New York Air Brake. 08
B New York Central... C814
.. New York N II ft II.. 2915
.. Norfolk ft Southern.. 34
7 Norfolk & Western... 88
7 Northern raclflo .... 71 J4
6 Nova Scotia SAC... 3
.. Ohio Body ft Blow'C 37
4 Ohio Cities Gas....... 38 T4
.40 Okla Prod ft Ref 454
8 Otis Elevator . 120
.. Otis Steel 7334
8 Owens Bottling Mach. 84 54
4 PaclflQ Devel Corp... 8154
.. Pacific Develop rts.. 14
8 Paclfla Gas ft Elec. .. 4634
6 Pan-Amcr Petrol ....10434
7 l'an-Amer B ........ 08
3 Pennsylvania R R... 3814
.. Pcnno Seaboard Steel. 20 54
.. Feoples Gas Chicago. 3834
.. Pere Marquetto 3454
3 Philadelphia Co 3(34
.. Phillips Pet 43
. . Plerce-Arrow Motor. . 6314
8 Plerce-Arrow Mot pf. 8834
.. Pierce Oil 16
B Pittsburgh C of P... 8814
.. Pittsburgh & W Va.. 3734
1 Pond Creek C'onl .... 18
8 Pressed Steel Car.... 99
8 Pullman 11134
E Punta Alegre Sugar.. 10314
1 Rwy Con Cop 16 14
4 Reading 85!',
2 Reading 1st pf 4334
2 Reading 2d pf 44
.. Remington Typewriter 61
7 Rem Typewriter 2d pf 93
.. Replo Stel 83
0 Republla Iron & Steel. 1334
4 Republic Motors .... 64
.. Royal D N Y '....11654
.. St Louis San Fran... 24H
.. St Louis Southwest... 1134
.. St Louis Southwest pf 2134
1 Santa Ceclla Sugar... 2554
. . Saxon Motor 9 54
8 Sears-Roebuck 205
. . Shattuck Arlzone .... 9
.74 Shell Transport 76
.. Sinclair Oil 33
6 Sloss Shert 704
6 Southern Pacltlo 0274
. . Southern Rail 7.1
20 Standard Oil of N J.. 056
7 Stan Oil of N J of. . . .10034
7 Stern Bros pf 08
4 Stromberg Carb 74 54
7 Studcbaker 7154
0 Superior Steel 60
. . Tenn Cop ft Chcm. . . . 10b
2.80 Texns Co '634
. . Texas Co 60"r pd ct. . .18354
.. Texas Co full paid.. 18254
.. Texas ft Pacific 4034
.. Texas Pac Land Trust317J4
6 Tex & Pac Coal & Oil 4714
0 Tobacco Products ... 6914
.. Transcontinental OH 14
8 Underwood Typew ...170
8 Union Bag ft Paper.. 87 54
.. Union Oil ill 54
10 Union Paclfla 11334
4 Union Pacific pf 6334
12 United Fruit 201
3 United. Retail Stores.. 8054
6 U S Food Products. .
8 U S Ind Alcohol ...
..US Realty ft Imp..
8 U S Rubber
0 U S Smelt ft Ref...
3.80 U S Smelt ft Ref pf.
BUS Steel 9.134
7 U S Steel pf 10554
7 Utah Copper 88
6 Vanadium Corp f3?4
6 Va Iron Coal ft Coke. 116
2 Vlvaudou Ina 18
. . Wabash pf A 23
.. Wells Fargo Exp SI
.. Western Maryland ... 9U
.. Western Paclfla 27 '4
4 Westlnghouse E ft M. 49 '4
.. Wheeling ft L E 934
4 White Motor 52 '-4
1 Willys-Overland to '4
7 Willys-Overland pf... fc.Vi
5 Wilson & Co 63
. 100 u
68
01
5034
07 55
59
43
8 Woolworth F W
6 Worthtnitton Pump... 65
fl Worth Pump pf B. . . . 68
- Kx-dtvldend.
t N t chanite made from New york Curh'a last na.
60
4314
IS
111
17414
28 34
40J4
13
5J4
24
4014
3.114
71J4
9.1
814
103 '
5
13
31
98
714
28 '4
34
86
70S
63
37
38 34
414
120
2314
8414
60
54
4634
10054
9514
3854
20
3S34
2354
3654
40
49 54
85 H
1614
67
27 54
1 7 '4
98
HI
103
1654
S3 34
4334
44
63 34
0.1
70 55
t354
80J4
115(4
2.174
11
2134
3
14
295
0
7454
30
0734
0134
2234
654
10054
97
7354
67 J4
50
10
4634
180
18354
3954
31714
4814
08
1334
170
8714
28
11334
6334
201
78
0534
89 34
68 55
0474
59
4175
9334
105
68
8134
113
I84
23
50 14
01.4
27 54
4034
934
5075
1834
h3!5
61 34
106
64
68
Today's Net
Close Chge.
60
4314 14
IS
111 - 14
17B SJ4
2014 14
43 14
1 34 114
6 14
25 74
41 1
3314 14
7114-
S3
814 ..
103 1
8 14
13-34
331
08
6814
2914 1
34 314
80 14
7134 f J4
53-1
37 14
3834 14
4J4 14
120
2334- 14
5414- 3
803
54- 14
46- 14
101 374
9754 134
3834 14
201
3834- 34
5334 14
3654- 14
433
5314 394
8594- 734
15T1 14
5814 314
2734 1
18 14
99-14
11134 34
10314 4- 14
1614 14
8434 74
4334 ..
44 14
6394- 34
934
8254- l
354 3
5354 314
11614- A4
24 14 34
1194 94
21 54
34
14 ..
205 14
9
7494- 34
33 134
70 214
0374 114
S3 4- ia
066 - 0
100344- 34
90 - 114
74 14 14
Jl 3
80
1034 34
4614 14
18354 2J4
18314 - 1
40144- 94
31714-1354
4715- 34
6954 114
1494 H
170 4- 814
8714 14
31 4- 3
11334- 14
f.14 1
201 4- 1
70', 4- 154
68 4- 2J4
01 4-134
60 34 4- 34
9714 I 3
50 4- 1
43
0334 r 94
105 !i ..
68 f 34
8354- 14
116 f 1
l?s 34
23
50 55- 75
014 li
27 14 S- 54
!4f 14
1U- 34
53i 4- n,
19
S3 55 34
0IJ4 - !4
10014 4- 15-5
64 - 1J4
68
CONTINUED QUIET
General Asphalt Again the Ac
tive Feature Silver
Stocks Heavy
Now Yorlt, June 18. Trading on the
Broad street curb progressed today In a
quiet manner with two Important
changes jn the catly dealings to modcr
ately lower figures. Oencral Asphalt
was about the most nctlvc, buying by
local bonkers continuing' to be noted nnd
thnt stock after yielding from 7314 to
72 14, moved bark to 73.
United Retail Candy failed to respond
to the efforts to force tne company into
prominence nnd ranged from 1474 to
144. Sweets Co. was also heavy,
showing n fraetlonnl loss, both these
stocks probably being Influenced In their
market position by the high price and
scant supply of Rtignr.
Carlb Syndicate was In moderate sup
ply nnd declined from 1(HB " 18-2;
There waB little business In Simms at
Stiver Mining storks werp again
henvy. Nlplsslng spiling down to ls
and El Salvador to 2.
INDUSTRIALS
Hlsh Low
Acme Coal ?' f'
Amer Candy
Ilrltlsh Am Tobacco coup
Car l.lsht
General Asphalt
14V,
7HU
., '
14H
n
.12.1 "s.
. nn an.,
.. i s
: ?!i ft
, "Jit
: iC iy.
sn to
312
37 S
'ft
10'.
ft
sit
2
?&
31
ft
24.
23'fl
1".
r
23
83
n
13.
',
as'!
17
21
REVERSES OCCIDENT RULE
Col-oner's Jury Absolves Driver of
, Car That Caused Fatal Injury
An old ruling b. .Judge Sulzberger
1 Ttfi a ant nciiL r,n. V. .. !. If It......-..
, tinr. is x. ti-tiir iiitiUl ll 1. IJU'l irjiui.v
FOREIGN EXCHANGE
New otU. .lime li Sterling was a
shade Nuei n -N opening of the for
eign evliH'ice 'lmrlu't this moin.ng. at
one-ha'f cm' below the close of yestc
day Fiun. cthleii were up 4 points,
lire was up " points and marks were
off 1 point
Quotation? i re Demand sterling, (kroner Sellers, at tlm mrniNi intr. the
A 1171. frnnc CAMIPH - ..' --.v
Philadelphia Stocks
GERMAN CITY BONDS
JAPANESE GOVT BONDS
Prices and complete in
formation cheerfully gleen.
HEWBURGER,
HENDERSON & LOEB
Members New York and
Philadelphia Stock Exchanges
1410 Chestnut St.
Investment
Bonds
Welsh Brothers
028 Chestnut Stueht
Lombard 1548
Philadelphia
Hlirh
" Am iin- !"'.
'.' Cam Iron .'I
I tKll Kl Stor l'Jli' ,
111 I C N A .'III'..
JIO Lake Sup l".' l'i'i'
H'.-J r.eh Vnl IP j W"H
IftM'ennTrHf -"2 2Mi
iw I'ii u it :'.!i :;s'.
2.7. I'.i Salt. 117 ITT
U(l Phil He. 22M -JMi
r'."i P K T ls 1S
.'tOTouo Hel 1 ,rs
To To no Mm 1 jVi 1 fvi
:i.'i l'n Tiae 2!l, 2!)
:U7 I- J I II 'a II -
ion do pf . .-() no
2(1 tr s sn n.'j'.. swu,
4s do pf ion lor.
KIHtWest'ghse
Klei- . 411 10
IS War liS i 84
10 Vest C 71 71
.-. York It pf :to :io
Net
1 ov t'lo. thKH
j'."'... :177 'a
.'S oS )..
117's 124 -r-7
:ioiA. :ioi..
131... .
11 V
17V
3 Dfi1-,. i-ableti
12. GO, chei-iis 1 ' 62 , lire cables ln.tis.
checks 16 KT Belgian cables 12.03,
checks IJ 05 Swiss cables C 49. checks
5 51 guilder .allies 36 h. checks 36;
pesetas cables 16 G5. checks 16 60 ; Stock
holm cabls Jl 95, checks 21.85, Chris
tlnnin tables IT He-, checks 17 50; Copen
hagen L.ible 1G85 checks 16 75; marks
2.58
Afiei an advance to 3 08'4. sterling
uibleu .---iseil to 3 !i8 shortly before noon.
Oenirtnil was nuoted at 3 9Tl Franc
cable were IJ 5t. ehrck" 12 56. lire
cable- U.4S check 10 47 . guilder
cal.'Mi .fi and checks 35' Marks,
J 51
yr-ThRr ay s closing quotations
-Hei'inn Francs I.lr Oullilfrs
rnwl .t'lT1. 12 70 IT 02 n
i.4bU :i HS'-s 1rtN 17 00 Srt'-i
Tut.AV S DPKNINU (Jl-riTATIONfl
SiTtinit Kratus I.lre (Juil'lers
P.marnt 3CS4 12 0 IDAS Sl.
tb.f .in;i, ft-i in.DT an
riON- Ql'OTKTlONS
Storllnft Francs l.lr Oullrtr
nf Mrs. .Ieyie lledford. forty-
year old, of ,01.1 McCulIom
death
eight
street. Chestnut Hill
Judge Sulzberger had ruled that in
every ibsp of death, tin matter what
thp circumstanepK. tho defendant must
be held for the ni'tion of the grand jury.
Mrs. Bedford died in the (icrmnn
town Hospital of blond poisoning from
nn Injury to the leg, the result of nn
automobile nrcident Slip was riding
with her husband and another woman
when their cur wa- in i-olliicin with a
car driven b W I,. StauftVr, Jr., of
Xorrislow n
The testimony exonerated Mr. Stnuf
fer. The attorney for the Bedford fam
ilv, howerer. initPil he he held for
the grand jury. Coroner Sellets ruled
that Judge Sul.berger'H internretntion
i of the Ihw had been reversed in court
J and that under instructions from the
diMrnt iittninej office defenclnntb
LIVESTOCK QUOTATIONS
Chlrnzo, J'lni- II - li J Kstlmnted re
ceipts J1.11OO hoiKl 1 fi ,,,er 11 tin head
MarlcM unen Aim sil, inotlj Kiiffi.-.o
hlicher than sestn-rlji f ,,t erase Ono liMQ
cIoIcb llsh 11,' T.". iiualitj fair
CATTLE Estimated rclpts 7,000 had.
fiHEKP KstlmatFiI rcelPI,, 12,000 head
Cincinnati. Jun t HOOH Receipts.
60OO head Sieadv
CATTLE Receipt. HOO head, steady;
calves steadv.
SHEEr nccirt. -IS0O head, cteady.
lambs steady.
Knst Iluffalo. N. V.. June IS CATTLE
Ilecelpti OOD head drj-ted tead , Rreusers
lower
CALVES- Receipt. 1 Suo ncad. stendi 1(1
Wlft
HOGS f',''Pt' l"0" head Me.-idy.
tlesvv $Ki ,".0lll mixed 1 il. '.'. . Mirkeri
IKia.'.'Sliia:. U ll40, llsht yorkers'
jMSn15-.c pie. IHJH, rough!'
Jl-.' B0 Jtmci- ISfCill) mucins,
SHEEP AND I.A.M1I. Receipts 0fl head,
a,o liimbn nironi; ih is ".0, lower lumbu
l2c1ti -ea-lln ,1k?ii-, ,-,,1 .tner "n
Wti..-.0. ewe 31? K.v. mued sheep. JS.S0
Hercules Taper
Llgmar Coai .
tioonyear 'rjra
Perfection Tire
Tlalnlor
Radio Com
Radio Com pf
Sweets Co
ij a limn Mpeea 1001
tr f? nteem
ttnlted l'rodt Sharing,
ltnlted llet Candy . . .
Warren llras
STAM)AH1 OH
Stand Oil of Cnllf - .- J';
RtnnH Oil of N Y 37K
lSDEPKNIlKNT OIIJ
..o. 37 3"
Arkansas Natural Gas
Ark Nut Oas rts
lloone Oil
rtoston Wyoming . .
Carlb Svn ....'.
Cosden St Co
Cushlnit Tete
Dominion Oil
Dunuesn e
Engineers Petroleum ..
Esmeralda Oil
Federal till
Olenrock Oil
Ouffey Olllesple
Homo Tetroleum
Hudson Oil
Int Petrol
Kav County OaB ...
King Tetroleum
Lone Stor Oas
Maracalbo Oil
Merrltt OU
North Am Oil
Ohio Fuel
Oklahoma Nat Oas . .
Vennock Oil
Plttsbursh Oil
Red Rock Oil
Roy do Franco
Roy Hutch rts
Slmms Pet . . ,
peni-er Pet
Runerlor Oil
Texas Ranger
Vn Teias vjii
Victoria Oil new
MINING
Alaska Rr Columbia
Helchsr Divide.
Relcher Extension . . .
Big Irfdge
Rooth ....
Calecl Mining . . .
Calumet and Jeromi
Cnndelarla .Mining . .
Cons Virginia . .
t orte. .silver
i'reson Gold
El Kalvndor
Eureka Croesus ... .
Eureka Hiiliv
(Jolden Gate Eip '
Gold Cons ...
Oold Devel . . ..
Gold Keana ...
Gold Merger .
ia um a. Plclf
Gold Zone 1?
Great Itend ....
Emma Silver .
Hecla Mining . . .
Honduras Syn . .
Jumbo Extension
Kno Divide. ....
I-nulntana. Co .
MrNamara
Marsh Mining . .
Mother Lode
Mother Lode new
Murray Mod . . .
Nlplsslng
North Star .
Ophlr Silver
Prince Con . . . .
Rex Cons . . . .
Rochester Mines
Rope Group
San Toy
S Sliver Load . . .
u. .... 1lnlnrr
Tonopah Relmont 1 ft
Tonopah Cash Hoy "
Tonopah Divide j";
Tonopah Extension " n
Tiinnnah-JIm 1
Tnnonah Mlilwav
Tonopah Mining .
Tonopah Mlzpah .
Tonopnh Montana
I' S Cont
United Eastern
Vlrtory .
West End C . . .
White Caps . . . . .
Whtte Cops Kxt
Wllbert
YerrlDfton
Allied Pack 0s. . . .
Am Tel 0s IR22
Am Tel 6s 1021 . .
Anglo-Am 7Vss ...
Chicago und Northvv
I) a it is, .
Goodrich Tiro .s
Tex Co 7s .
V est Elee is
Last
3
7
14 W
73
2,tl.
2W
t'(
31 '
14 U
80
312
378
3
3
1A
1R'4 1H
7' 7 Ml
11
YARN MARKET STATIONARY
Heavy Cancellations Reported by
Wool Trade No Buying at Present
It 0. Dun & Co., In rovlewlng local
trade conditions, state: 'The week
closed In tho yarn market with prices
about stationary. There were few In
quiries and those mostly yarns for
prompt deliveries. Opinions regarding
values show considerable difference) in
this market as to how much lower yarns
will decline or whether there will be any
decline. A number or textile mills, both
spinners nnd knlttors, report that they
are working on old orders with but lit
tle new business In sight. Manufac
turers arc optlmlstlo. however, and are
looking forward to better conditions,
"Conditions In the local wool trade
nro reported unsatisfactory. Thcro has
been heavy cancellations and coneiiier
ablo loss has been: sustained by various
firms. There Is virtually no buying dono
at present, an thero Is much uncertainty
ot future prices. Thero appears to be
large stocks of wool on hand, It Is be
lieved, however, that the supply of man
ufactured goods Is still short of the
consumptive demands. Such being tne
case It Is belloved that there will be
a revival of business shortly.
"Jobbers of piece goods state tnai
there la very little trading at presutis
time and manufacturers have fallen back
somewhat In their payments. The ma
jority of shirtwaist manufacturing plants
are doing but little business, and n
number of plants are not In operation.
"Cloak and suit manufacturers are
doing but little. Quite a number of
plants aro shut down.
"Shirt manufacturers continue active
filling back orders, but are receiving,
a number of countermands and cancella
tions. "Men's clothing manufacturers report
goods being returned nnd receiving a
number of cancellations. Sales have
fallen oft
"The last few weeks thero has been
considerable activity In tho retail dry
goods and men's furnishings line. The
larger stores have reported a. good vol
umo of business."
DIVIDENDS DECLARED
United States Food Products Co., regular
quarterly of 114 psr cent, payablo July 10
on sto-k of record July 2.
Oriental Navigation Co., regular quarterly
of 2 rr cent on first and second preferred,
payable July 25 to clock of record June 30.
Alvardo Mining and .Milling, regular quar
terly of 2H per cent, payable July 15 to
stock of record June 30.
Protir & Gamble) Co.. stock dividend of i
per cent on common, payable In new com
mon and regular quarterly of 0 per cent on
common nnd 2 per cent on 8 per cent prefcr-
LONDON STOCK MARkETl J
. ... .TTTT . M
Lets Activity in un snares 9(Rm J
ment Mora Chesrfni ) 1
I-ondon, June 18. Jiess activity !
noted in the oils on the stock exchwrV
today. Shell Transport waa 9 lj.n ,:?
Mexican Eagle 8 7-16. nl
Gilt-edged Investment issues WwJ
dull, following tho unsuccessful oforlrV
of some municipal securities.
French and German loans were flrmJ
er, owing to Improvement In the position!
of oxchnngce.
Tho shares of home rails were h.rilj
and fresh support was furnished t0 AZj
gentlna descriptions. Canadians, on th?
other hand, were flabby, Kaffirs ma
diamonds were good. ,
Generally the markets were qulst hJ
cheerful. Tito usual week-end sniVnts?!
sm was In evidence. Hud.cn Biy
1
t
NEW YORK COFFEE MARKET 1 I
New York, June 18. The local eAf,J Jl
marKei openou irregular at 2 points ,75
vanco on July, unchanged., to a aJeMj
wcatnor map snowed s ghtlv bT.V
temperatures In tho state of sin p..,."!
There has doubtless been wlffi
able reduction In the scatter?)?'11 M
vciiitu un uuiy, uncnangeq, to a. deeinj
of 6 points on other months. ThsoflS,?
weather map showed slightly hii-v,
l.mniillln. In k. .... '1"L'' hltheri
terest In .Tlllvr In nlll.tl.. .... S.1
notice day, andabis morning there ?!
scattered covering In that pdaitlon i5
the call which sent the price to 14 7 Z
ft points net higher, this being w
owed later, however, by freer off, j
IngR and there was a drop to 14 fl u
11 o'clock. Oencral business wai!anls5
during the morning, trado reeelrlng n3
special Incentive In tho early cJm52
while no Improvement was reported 1 J3
the spot demand. w Il!?
' u
2i 2H
"'J 2"(i
2H4 20S
2H 2'
31 31.,
t' tji
414
24H .24ji
-MH 2W
1 10
ss n
"2'i 224
33 83
rt a
13". 13;
'
Cl'i M,
32' 32'
174 17'4
21 21
10 10
'4 '4
" .'
l IS
14 to Ktoclt of recctd July 21. and preferred
payable July II) to stock of record June S3.
United States Industrial Alcohol Co., reg
ular quarterly uf li per cent on preferred,
payable July 15 to "lock nf record June 30.
American Gas nnd Electric Co., extra of 2
per cent on common, payable In common
dock, and regular quarterly of 1'4 per cent
on preferred. Common payablo July 1 to
stock of record June IS and preferred August
2 to stock of record July 13
Jones Bros. Tea Co.. reguUr quarterly 30
cents on common and 11.75 on preferred
stocks. Common payable July 1.1 to stock
ot record June 30, preferred July 1 to stock
of record June 15.
California Crude Oil Production
Snn Francisco, June 18 May crude
oil production In California totaled 278,-
323 barrels, a dally Increase of 3440
cnmnareil with Anrll. according to
Standard Oil Co. of California May
shipments were 21)5, 100 barrels tiatiy a
rain of 2677 clsllv. Stocks decreased
520,087 barrels Fifty-seven new wells
were completed In May witn aany initial
output aggregating 8795 barrels.
July
September
December .
Marcn ....
May ,
Did.
Test cloiis Open ttim
. 14.24&2CI 14.Ja AW
"."8!3 !4:s!S a .1-25
14. 10 97 20
14.21,021
14.1Hcfti '
14.181S !
m
i
York Rallwaya Statement
Statement of earnings of ths Terlt n.nJ
ways 1:0. for the month of May. lo ."j
for ths six months' ner InA ...;? !. At
1020 as compared with the correipondiaV
periods of the previous year: ""conamij
iiay
Gross earning . ..
Operating expenses
Net earnings ....
Other Income ....
Total Income
Fixed charges
Dond nnd other Inter
est Taxes
Total charges ....
Net Income
Depreciation
"'.MUif
'.8sur
9.5M.23
fll.S95.0el
.8138.620.37
. 70,0.17.05
. 851,(172.62
3.442.BB
. 158.615.28
llftltl OK
10'1Br''P" 33a6rt
20.328.25 "iiTaefToJ
I2H.BS0.03 ass.fiT
4.8T7 71
11,8.16.65
Balance
Gross earnings
Operating expenses
Net earnings
Other income
Total Income ...
ViwA charges
Dond and other Inter
est ....
Taxes .
. . . . . .117.352.38
nix .tiontns
M.187.M
. Jfi27.IU8.22 Itni ,,- .1
447.7I6.B0 ftSJOSLSli
. 15,08.1,04 T.047.31
.8305.857.57 1100,137 :1
.1115, O27.R0
. 54.a3n.0ll
11.11 11
i3,nnoo
Total charges 8160.357.50 S12.4l3.St
n8,fllH $T
23.0JMJ
Net Income .
Depreciation
....8226,000.07
.... 73.101.05
170,601.(1
Pittsburgh. Pa..
celpt 3000 head
sinwio .111 nen
! Denihni
1 1 abler.
.v 11 1 -.
3 118',
,n
54
IH 47
16 45
1.
00
1ST.
1'',,
2!li
ll'v
r.o . .
n:ii..-t
ior, -
in
h'4..
71 - ;
.".0
1...
1 MONEY-LENDING RATES
Sew nrk. June- IS Call rnonev icite
'nixned at 7 v;r cent l..iter In the nay
I was advnncecl to K per nt.
! One feature of the money market to
da was a good buying demand for
prime bank acceptances The supply of
prune Vevt York nlnoty-dav member
bill mntlnued scarce, but n fair humcij
I of prime out-of-town bills was reported
Ratc-H were unchnnged at 6 Vi ?? ' "n ieh
1 r.-nt In time funds Mie market was
I almost entirelv nomlnnl Quotations
I were 8 S 8 tj per rent
I Irr msrcantlle paper the tone continued
firm and there was no business nt under
8 iwr cent Some of the largest nnd
highest riled commercial houses In the
country are unable to secure easier terms
than 8 per cent ana, ns nereioiurc cu mm
s.1'4 I were to lie held only where death had
'" j been rnu-ed bv criminal negligence or
niitliie. The jur.v therefore acquitted the
I driver
I I lie coroner jury nl.vi absolved l-.il-
wnid Inggupiler. eleven years old, .1120
Itidge iiM-niie, who, on June II, caused
the dinth of hi ten-jear-old brother,
Theodore
The father, llenrv, conducts a shoot
ing gnlli i-v lie brought come rifles
home tn 1 lean The elder boy wns
plnjing with one of them, swinging it
about like nn Indian club, when it went
off and the younger brother dropped
v ith u bullet in his head.
IIO.VDH
High lyiw
Net
itlge
sr,.:io m :i v, :io-r .20 il1;
SD.00 H Ml SI) 00-r-. 12 1 , Note-
M.tlrl f.i.;il M.) ll-r- . 1 I
115.80 !l.-.. 70 0.- 7S-r-.22
rilll.AHKI.PIIIA fall. 6 per rent
time, 6 per cent ; commercial paper,
six months, o per cent
ote These are merely nominal quo
tations, ns tn legal rate or interest in
GEO. A. HUHN & SONS
STOCKS ANn RONTiS
Membors f the Philadelphia. N
York and Chicago block Kxchangea
New York Cotton Kschangs
Commission Orders Executed In
All the Principal Markets
BEIXF.VtIE COURT UUK1.
HIS ITalnnt St.
NEW TOHK OFFICB
111 llroudtvay, Nair lork
Net change made by comparison w tr h jt i ' J' 't," ' Lra 'hnlrllne- out for 8 u.
sale on New Vork ritock Exchange some bankers are liolciini, out ioi a ..
...... tier ceni
nnir. hi
noon
1 I. ib Bonds
2d 44II..
fii.j Hd 4 Us ..
2 -Ith 'tH..
20 Vic -1-V-
1 1-0 Nnt'l Pro
I 1-0 . .
O 1'enua It It
temp ctfs. lOP,
2 l'hiln Elec
i 1st us. . . . Kl
I 7 Keud'g g Is 71!
' 7 I'nited Hwy
Iuvet .Is 07',
DELANY MAY GET RECOUNT
Judge Martin Expected to Order
Boxes Opened
Judge Martin, it i understood, bus
decided to grant the petition nsklng for
n coin t contest over the I Mini mi
giixsicniiil district result.
Ilinrv A. Unuslpy. aie cantlttiatP.
;jt.
.".Ti
:it
H--
101', 10P
S2
70
s:t
70
VS
BANK CLEARINGS
Business) Man Leaving for Cali
fornia July 1. o pernmnenttr locals, Is
lion
for unr huslnrsa proposltlan
stel ran icnanre. pr vtui renre
rlurrr an commission basis,
310, Uedger Qfflce
Hostun 2.(10 .11)0 I6H40O34I
Chi' ISO- 111IIS4 2PI 0.1 ! H!0 012 . .
Maltlmoie 13 U7 1.(3 12 4.17 111
rhiia iciu.7.1. ant. "l 60i ooi :n iis :
I - 1 HHl (HIS 70.1 N-'fl 022.4JI rtllS CiS9 73
H- Louis 26 IMS lll.l 2. flSN 3S3
Cotton Receipts
New York. June 18. -Receipts of cot
ton at the ports for the day are esti
mated at 8000 bales, aralnst 9208 baits
a. week ago, 33,231. bales sjyenr nga and
16,12? Iiaiaa ia jears acu,
LONDON- Money 1 4 per cent Dis
count rates- Short bills, 6V4 per cent;
three months' bills, fi 11-16 per cent
chp staio of Pennsylvania Is fixed at 6 Iniu.nrpntlv won both the long and snort
per rent Plus premium nnd commls- c, rm ItPtiublu-iiii in. initiations in that
slon Hme money for thirty to ninety ,,ht, ,,.t v(.- Chnrles lJelany, Adminis
clays Is loaning at 8 percent, while com- .... , nllllilIlltl.
""?!? LI'aJ,"..lrm,l,"r?" i " "?'"'" . Helanv's HiiiiiinrtcrM netitioned the
IB urilCH uur.ro ul , w , . v. , --. ....... ,.," ,! !,
i i.uri .or llic lir.v..i-(;r in i uuiri-uui, ....
noininaticns. Judge Mnrtln. It is said,
vill confer with nttorneys on the cpies-
'ticin of n bond tu be filed by the pe-
i titii.ners.
Reserve nanks' Discount Rates " " ,... ... u '',
omeial rediscount rates at the twelvj Man Su cldo ,b Ha"Qnfl
Federal Ite rve banks arp ns follows i John (' I'nllmer, lifty-one years old,
rreas. i.id c oin i rncrs 'lu.ng lilmsclf last nigni in tne iininriiom
iionus i aper Accept , ()f ,(,H hnme at j.nw rencr street und Hus-
ii 7 h inie limilin avruur, i in- iniuv wun luunu
5i this morning by his s.on August, and
9 I ,... ..,i en thn r!nlsrc.nfll fTnunltnl
n ti-iiiuri-H .v --. .. ,,-i..m...
1'ollmer had oeeu reiesseo iroire the JJy
lun.- is - Hoos-n.
Market :(iBer Heavies
vrirlfer tin ri.,ii, .
light vnrkers 1 1 '. 17 1 ,1 .'.1 pig, JllffHIO
w.':..' '"".s - juceipt. Voo4hevl
lambu $m
CIiYPS- Urr'nta nn ut-..l
ssitavis i irji
III!
Top
Market
Bank of France
mmmTz:Tmmmmmmmwmmm
tL i-s u liiKi ',,jwmxm30 ammm
x i mmm 'wmr w.
4 4 Ki aaflBr-, Mm A1ays Commercial wA
no s5 on sX tfOBfiaPft rmft fflm
-? "5 21 .W' IsWaM rm with ita stockholders invest- wffl
- "a 'ft fern; iiltElllv ' JfflA ment in proper proportion to flffift
' H ivmA rSi'MiTilllfi 'I'M. lts acP81t iiaoiiity ana witn man
l' .TlWlTkW adV. rigjjBjBjBSjBjrrajBa jrBjBjBk- JW U 1LLU1U UJ. 47s VUsllO OGlllljUt Wm
''' : 7 7 BVt.flSBBf 'M Stockholders' M ,
in in NVvV'v '1 luaC1?lB9m. V WW inveniiiieiu oov,vruu JIWM
, , wooftlv aasfmajarsvaa 'jff t . t ., i.,An.AA ViM .
4S tf. iu vC SSfBirW WM Total Resources ....20,000,000 wM
siv i Hk win F ''"I C-11 11 if
"' "' " Sfff J?S8fc f& NATIONAL BANK M
's" 'sv PF"'- JSSk m "Always Commerclar Wfa
12 12 12 'flMlu A mb
17 lrt ,T ' .v XssaWMvaOSRfaaTa ' J2" "fcSt J
'- -' '-' mmBmxt$y CsJlB sse----4''
'' ' t, v mwfwM'ytttS 3L --" -zi-Z-Z&2 1
jj'a 2- 2'1" YjMfflWl'$'n Wt ' -- ziriS "
' MFLr 'I1 Hj Wil" iQl
iionds ibasaWsrisi" 'VtgMV-rTIBWjBJffll' jBmBsSc1
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Financial Briefs
I oston
New- York
Philadelphia
Cleveland . , .
Richmond . .
Atlanta -, .,
Chicago .....
Bt. Louis .,,..
Minneapolis ,,,
Iiak.ua
ctfs
5H
.1
Un rancUco,, OH
r.u r.t
rt.lU 5i
r.4 6:
ulsji .Hi
iff.iU n
berry Hospital only a month aio, and'i
said to have been despondent, over In
cbillty to fludyotk,
Paris .lunr 17 Tip weekly stnte
meni of th Hunk of Krnncp sliows the
follow't g 'hnnges- Ooltl in hand In
creased l 18 ''fie ttanr silver In hand
Increased IViiiOo francs, notes In circu
lation dec .ased 311 lOI.nuo frnncs
'Ireiisiliv ileimslls decrensecl S 625 ODD
frnncs general deposits ilecrensetl ao -287
Oofl francs, hill dlscnuntetl elect wisc-d
52,111000 francs, nclvnnces clecreased
22.05.! sun fianes and fresh advnnu.B lu
the state, 300 onn 000 francs.
Paris Prices Steady
Paris, lune IS --Prices were steadv
nn the Ilourre today Tlnee per cent
rpll?t hV 'ic Hxchangn on lyindon,
4?f '.ilr 5 per cent loan. S7f 15c The
dollar was quoted hi I2f 30'jc
VAST "LOST" MAIL FOUND
100,000 Parcel Post Packages Un
delivered In France
I'arls. .lune lScHy a. ! i .More
than 100.000 American parcel post
paekuges have been fniind bv V t c
A. Inveitigutnrs which hnve been lvlng
in trench ports undelivered for nianv
months.
'iwen A Matliill. postmaster of the
Paris M ('. A., said todav tln.t tl...
investigators found 10,000 American
packnge at Havre nnd "nenrlv nil of
100,000 packages still in the 'original
sacks in which they arrived from Amer
ica "
Other package are nt Ilrest. Hor
deoux, St N'azuire and Cliprhoiirg. He
sides these n large number nf packages
werp discovered In tho Paris customs
house, of which the, Y. M. C. A. has
obtained possession of more than 20O0
The 'New York subtrcasury gained
81.636,000 from the banks yesterday,
making a cash net gain since Friday of
83.441,000.
Within two months Wall street loans
are to be under supervision of the Stock
Clearing Porpoiatlon This new Insti
tution Is functioning well In its original
operations. Several hundred million dol
lars of check certifications have been
eliminated in Its short exIMence to date
All loans will soon be negotiated under
Its roof, although call money rates are
to be named as heretofore
Ranks are dlRCournglng new financing.
They arguu against notations at tne
moment except In cases of absolute ne
cessity Hevetnl Industrials are In re
ceptive mood but may .iwalt further
liquidation In commodities. Iteserve
position of banks Is Improving but pro
cess IS Bill I"-- BHIW
Tonopah Helmout Development Co ,
for tbu ciuarter ended March 31. reports
net income of 1204.439, compared with
8150,523 in the same pet loci of 1910.
The average price of twenty active- In
dustrial stocks declined 0 38 per cent
yestcrdav to 91 37, while twenty rnll
roads declined 0.22 per cent to 70 66.
At the American Institute of Banking
Klectlon, S D. Heckle.v. of the Cltv Na
tional Hank of Dallas, was elected
president It II. Locke, of the Detroit
branch of the Federal Itoserve Hank
defeated W W Allen. Jr . of Plilladil
phla. for vice) president, 634 to 501
Total assets of the Oxford Rank of
Frankford passed the 12 000.UQ0 mark
this week for the first time
GOVERNMENT BONDS
Panemn rnlinon
Panama registered
102
1036
Panama coupon 2s, I!i3K
I'snama registered
after paying charges of 10,000 francs.
These hsve; been delivered dr returned
to the senders. 'J
Pam. tniL (i.tinnc. OS
Panama registered 3
iuas
inn
nmi.
Philippine 1" ll'Ji
Philippine 4s, IU35 . . .
Philippine le, 1USH .
V H Govt coupon 2s 11130
It H Govt registered 2s. 1030
P H Govt coupon Is. 1025
I! S Govt registered 4s, 1020
Dim uf Columbia H-63 102 1
Hid
IOoVi
mo'
I00J4
77
. 77
7M
7H
7S
too
ion
.104
lot
03
AaK
10114
inn,
101
S2
ss
so
K5
10114
101H
MVi
10.11$
National Properties Co.
The American Railways Company
Collateral 4-6
At the request of a group of large
bondholders we are making an inves
tigation of the conditions which
brought about the present situation
in the above security.
We suggest that all bondholders com
municate with us promptly.
MacMeekin & Williamson
BANKERS
BROAD fl. RANSOM STREETS
NnrrniEAUT cnrtNir.ii
MKMIIEflB PHILADELPHIA STOCK EXCHANGE
BAR SILVER
New York. June 18,-r-Bar silver;
nomestlo ,99 H, unchanged; foreign 89
oents. oft I cept.
Tyndn'n, June '18. Bar silver waa un.
changed today at 49 Hd.
Orders executed In
FOREIGN GOVERNMENT BONDS
City of Vienna B Treasury Bends cn
be purchased at 83 per 1000 Kronen.
iFHIe lor Special Circular
Rail, Sprue 880
West & Co.
1417 CHESTNUT STREET
Philadelphia Hto3c Kiehsogs
iitnr jotx bukk Ktenanga
Karstoae,
tw d
VTe Alwsr nave on Hand a Mat of MUa ttU ,v,,
v ,Corrtpondeno Invited V
fill
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