; rrttlWffi?! p'l i(x ? f "' ; ,-
i V "1 A 1. ft . . ' .1-. V' - .( , ,U, " - A V Vv 'J - ,i . .! x. "it-. . j h. ..TJTTr'VI
i -... i.v -a . ., . . ,' r,.
'" &
'i..' "; -'
EVENING PUBLIC LEDGER- PHIIJABEIiPHI TUESDAY, " -JUNE 22, 1U20'
N
v
at
vm
r it
I"
','"
High Grade
Short Term Notes
' We own, offer and recom
mend a diversified list of
these securities on bases to
yield from 7 to 11
and maturing from one and
a half to seven and a half
years.
This list with specific of
ferings will be sent on re
quest for Circular No.
E-76.
(sHandi3& Company
Franlcltn Bank Bid.
Philadelphia
Nbw York notion
Nw Haven IUltlmsrs
HIGH CALL RATE
STIFLED TRADING
Stocks Followed Recent Un-
ovon Course, Showing
Tendency to Sag
Standard Safe Bonds
For July Investor
The record of the standard
investment bonds under
written by S. W. Straus
& Co. 38 years without
loss to any investor puts
them in a class by them
selves among securities
offered for July Invest
ment. Our July Guide dc
scribing $40,000,000 cf
these standard safe invest
ments in $1,000 and $500
amounts, netting 6, with
4 Federal Income Tax
paid, will be sent for the
asking. Write for
' BOOKLET Q-428
SWSTRAUS&CO.
ilfAakllHXO III) NCOKOtAT
STOCK KXCIIANT.K nCILDINO
I'HILADELrniA
Thirty-tight ream without Iom to nr
Investor
7V2
We offer as a sound invest
ment the First Mortgage
Gold Bonds of a successful
company serving a piosper-
ous section of New York
State.
J i Net earnings for 1919 show
a 36 increase over those
;of the preceding year.
'.Coupon bonds in denomina
tions of $100. $500 and
$1,000.
Price to yield 74fe
Ask or Circular "iSie
Bonbright & Company
437 Cheitnut Street
Philadelphia
Nnr York Chleafo
Boston Detroit
1 1
It 22ZC2n
A rare opportunity for a
Bank Executive
is offered by an old-established
bank. We need a man not
over 40 years of age experi
enced In NATIONAL BANK
INC. Good PERSONALITY
and wide ACQUAINTANCE
essential qualities. References
required.
A 528, Ledger Office
Why Not Prepare
for the btter position, marketwlte. f
.certain securities expected to b Influ
enced by the vents of June. Upon re
quest wi wl i send you Interesting facta
and figures pertaining to three leatiei
Sr!1. w.0Uli."4cln' A8K "R SPE
CIAL. LETTER 3
JfarkeloMs securfHrt carried upon
eonrrvatlv mnrolitol baslj. ODD
LOTS a specialty. Inijutrirt (tutted.
ftOLPBERG & HgjM
Member, j roM'v.
1622 Cheitnut St., Phil..
Fbonre. Hell, Spruce 3017 43UO
7 Broadway & 4t th ATe.. N. Y.
Ntnmford, f'onn.
New York, June 22. Today's stock
market followed its recent uneven
course without getting nnywhore in
olther direction until last hour when
the whole list sold off on It per
cent coll money. Moro interest wns
supplied In the further strength of Brit
ish rxclmnge, with demand bills rising
to $1, the highest quotation in more
than two months. This strengthened
recent reports of a heavy movement of
gold from Krjglond In the near future,
which, It it estimated, will rencn oe
tween 52.000.000 and $3,000,000.
The S per pent renewal rate for call
loans supplied sufficient reasons for
the lifeless state of the stock market.
The practical suspension of speculative
activities, in turn, supplied sufficient
reasons for the apparent sagging ten
dency of the general list, more espe
cially some of the recent active specula
tive favorites.
Prospects of nny Important easing
in the money situation before the end
of the month are not bright. While
the calling of loans yesterday was gen
rallv re-nrilrd ns n. temnorarv eontll-
: tlon. yet it is widely appreciated that
' it. . .1 1. .... L.a ln1ri ti rnn
me urinanut upou mc muss v i...
July 1 settlements, which reach ex-
I tremely large proportions, will preclude
nn- mntxrlnl rnslnp of money conditions
until the preparations for these huge
disbursements have been made. Then,
again, it takes time for these funds,
after being drawn from the banks, to
flow back into the regular channels of
business again.
'Wall street did not appear to be pay
ing much attention to the outlaw rail
road strike which, it is generally be
lieved, will be short-lived. In all events
it was ignored in so far as the railroad
stocks were concerned.
It lias been many months since such
a stagnant opening has been experi
enced. The lack of interest perhaps
may be better appreciated from the
fact that some of the usual leaders,
including United States Steel, were un
quoted In the first ten minutes of the
morning session. Price movement wns
ragged, with about an equal distribution
of gains and declines, but nftcr the fir.st
half hour a droopinj tendency developed
In nearly all parts of the list. Pools
tried to enlist public interest in the
chemical issues, but met with scant
success. Although call loans held nt
their initial quotation until noon, then
advanced to 0 per ceut, it apparently
required little pressure to effect further
recessions. Steels, equipments, oils,
motors and shippings, as well as spe
cialties of tobacco and textile groups,
fell back 1 to 3 points Noithern
Pacific and Reading led a moderate
reaction in the rails.
Losses were extended in the last hour
when call money duplicated yester
day's maximum rate of 11 per ceut.
Steels, equipments and motors were
most vulnerable.
LISTLESS TRADING
, IN LOCAL SHARES
! Electric Storage Battery Stock
I Allotment Proved to Be
Discounted
Except for the S3 decline in Electric
Storago nattery the local market con
tinued of the same colorless character.
The drop In Electric Storage nattery
to 121, or .fi under the recent top
price, indicated the formal announce
ment of the stock allotment had been
discounted, when the stock wns carried
up 1) points last week on the street re
ports. The official statement and pro
visions of the allotment differed little
from the street gossip. As expressed
yesterday, opinion (.netned to prevail
that by reason of the tight money mar
ket the stimulating influence of the in
cldent would be cnnsiderablv lessened.
The difficulty to obtain sufficient funds
to take up the allotment took much of
the cream out of the pie.
Money was tighter in Philadelphia to
day than it hns been at any time during
the stringent period. The banks were
expecting a call from the comptroller,
which Influenced them to take every step
to strengthen the reserve position. Nat
urally the stock market suffered, and
business was on a very limited scale.
Tnere was fresh liquidation In Penn
sylvania IlflilrnnH oiii.lnr. .1.... . i.
to fall back to 38,. but most of the
in--, hum n-Kiunnn. jn the other local
stocks, trading was of a perfunctory na
ture. Little significance, in consequence,
could be attached to the limited trans
actions and slight price changes.
Philadelphia Stocks
H2 Am Strs.. -IPi
17 f'am Iron 3."5
30 EleeStor.124
17 1 Co N A n0Vs
2 do rets
full pd 2f)ii
170 Lake Sup 13A
10 Leh Nav. -IS
2(1 Leh Val.. 41 Vt
100T.Mi1Kt'tes
Low
43 s
3S
121
30
20Vi
isu
Net
Cloii chirn
-
3." ..
122 3
30 V
201.
4KV.
41 H
Oil
30' i
Tennessee Power Co.
First Mortgage Si, 1082
Portland Rwy. Lt. &
Pow. Co.
lat & Rof. 5s
Due 1942
BAJ.UEH3
321 Chestnut St., Philadelphia
JttMfrera tfnc York and PMUdtlthta
ftoofc Krchatw"
703 Pa n n .wj
r, Pa Salt. 08
53!) Phil Elec 22t
47 T II T..
11 Tono Pel.
210 Ton Min
20 I'n Trnc.
nor gi...
23 Warl&S
301.
38 Vj
08
w
20 U, 20.
41 4lU
30 U i, J
381j Os
08 -f i
12 1
J0M. k
20.
1
10i 10
lRs IS
V. 1
20 14
iDi 41 A
8V$ 8V5 SU-f
N't ihiinae msde by comparison with last
sale on New York Slock Exchanao.
Total sal-s. I0H aharra, compared with
34M shares y-trc!(.y Tnus far thin 1
Ol.'.O shares Same period last week. 101H
shares
Haifa In nONDS Nt
I100O High Irw Close chs
1 Lake Sup in
5h 51 51 81 1
3 3-5 Lib Ilond
2d 4Vrs. . &"!.78 R5.00 85 78 1 84
3d 4'.s. 80.34 80.34 80.34 -t-.Oi
80.20 85.H0 8.V00 . (2
1)5.00 05.00 05.00 ,0U
An Unusual Investment
Yielding: 8.64 Jo
Circular Upon Requeat
NAULTY & CO., Inc.
Flander BuildinK
PHILADELPHIA. PA.
i Aeme Teai 1st lref.
' American Stores 1st Prff,
Ponner Nteel 1st Tref.
(lllletto Safety llnior
Otto Klaenlohr Ilroa. Cora.
I0ENNING, GARRISON & CO.
rOCK KXCHANGE IIUIIJIINO
Mre I'rlvate Telephona to Xvr York
i, Memhea Fklta, Block Jbthaafo
4
1 1 .5
4 4th 4's
3 Vic 4iis..
"(1 Nnt'l Pron
40s .... 4 4
.7 Tnnnn lt
temp ctfs.lOP4 101 IOIVj..
1 Phila Elec
1st 5s.... 82V, 82'H 82V V,
2 P IJftW 4s 00 00 00 ..
Total $3ft,S00. compared with IS1.760
Sesterdsy Thus far this wfk. Hoi sou.
mi period last wsek, IHS.400.
GOVERNMENT BOND8
nid
Panama coupon 2s, 1SS8.... . .lOOH
Panama reaistsrea , iuio.
Panama coupon .
Panama resisured 2a, 1038
Panama coupon 8s, 1(81.
Panama realstered 8a, JJfll
Philippine 4a. 1BJ4
lihllltinlna 4a. 108a .......
Philippine 4s. 188ri ,
U n uovi sopn
V B Govt reslstsr;
JJ B UOf u,
Mb
Ask
10H4
..ioo 101W
. .. iini't loivi
. .JOO'I iniU
. 7T 8t
) 77 81
. 78 Hi
. 7 sa
in N-i
as. l80..,.iooti min
fits aSiii s.iaii , losft
NEW YORK STOCK EXCHANGE TRANSACTIONS
Sales
880
MS
son
too
1300
A00
800
nno
800
ooo
400
too
1800
300
100
300
100
3S00
180
3100
soo
100
200
SOO
800
too
000
3800
200
3700
3800
100
700
200
1200
400
1000
1000
300
400
31300
S00
300
0100
300
100
100
300
8300
1800
000
100
400
.110
600
400
403
800
700
000
400
1400
400
100
000
100
000
1380
isno
100
100
no
100
MOO
4700
too
noa
200
400
0100
200
3.100
81?0
too
0800
1500
2C10
400
100
200
100
800
R10
210
200
3310
310
200
100
1400
1000
18180
33100
1000
800
1700
.100
303
1100
180
100
100
tiio
190
100
300
000
403
100
200
200
800
800
400
Dlv.
in I
Advance Ttumely . . ,
. . Alaska Juneau U M.
1 Allls-Chalmers
Hlh
31
3
3714
3 Am Bank Note 40
8 Am Beet Sugar fin
10 Am Bosch Mngneta. .113
7 Am Br Shoe & Fdy.. l
.. Am Can 40
1 Am Car & Fdy pt,..,310
11 Am Car Fdy 137H
4 Ant Cotton Oil 44
80 Am rrujr Syn 11
.. Am Hide A Leather.. 18 IS
7 Am Hide & Leather pf. 00
4 Am Ice 44
8 Am Internat Corp ... 87
1 Atn-La Francs 13ng.. 11
6 Am I-ocomotlvs 07W
7 Am Locomotive pf ,,100
.. Am Safety Baror ... 17H
.. Am Ship A Com 31
4 Am Smelt & Ret Ii0i
8 Am Smelt Seo A 74 ii
10 Am Sumatra Toh ... 88
5 Am Steel Foundries.. S8V4
7 Am Steel Fdrs pf ... 88
8 Am Tel & Cable 47
s Am Tel & Tel 83 H
jo Am Tobacco 338
Am Tob Seo temp ctf S$
7 Am Woolen 8614
7 Am Woolen pf 84H
.. Am Writing Paper pf 41J-5
.. Am Zinc Lead & Sm. 14
4 Anaconda Copper . . . A8!4
. Ann Arbor pf 38
fl Atch Top A Santa Fe, 70 J
5 Atch Top & a Fo pf. 74
7 Atlsntlo Coast Lino,. 8414
10 Atl Gulf ft W I S 3,. 100
8.80 Baldwin Locomotive. 11814
.. Baltimore A Ohio.... 31
4 Baltimore & Ohio pf , . 41H
8 Barrett 180 54
7 Barrett pf 1014
8 Bethlehem Steel 87
.. Barnsdale Class B... 30
.. Bethlehem Motors ... ZVA
5 Bethlehem Steel D ... UO'A
.. Bklyn Rapid Transit. 11 X
. . Bklyn R T ctfs of dep 8
.. Butterlck 13
.. Buttn Copper A Zinc. 8
.. Caddo Central OAR. 17 U
8 California Packing ., 09 14
.. California Petroleum. 31Hs
10 Canadian Pacific ... 113
.. Case 3 I lfVt
4 Cerro de Pasco Cop.. iVA
B Central Leather 88J,
7 Central Leather pf.,.100V4
10 Chandeler Motors ...100
4 Chesapeake ft Ohio... 81
.. Chi Mil A St Paul..: 3
. . Chi Mil A St Paul pf . 80
2 Chicago A Ot WeBt pliVA
7 Chi A Northwestern.. 8&
8 Chi Pneumatic Tool.. 0714
. . Chi R I A Pno 38
.. Chile Copper 1SH
1.80 Chlno Copper 30!4
1 Coca-Cola 38J4
.. Col A Southern 23
84
38 H
0J,
as
33 a
98 K
08
K Columb Gas A Elec. . .
1 Col Oraphoplione . . . .
4 Comb-Tab Record . . .
a Consolidated Cigar . .
3 Consolidated Textiles.
7 Continental Can pf...
4 Corn Products Ref
7 Corn Prod Ref pf....l04J4
2.B0 Cosden A Co 38J4
Crucible Steel 144J4
7 Cruclblo Steel pf 04
.. Cuba Cane Sugar.,,. 8454
7 Cuba Cane Sugar pf.,
7 Cuban-Amer Sugar..,
0 Delaware A Hudson.
10 Del Lack A Western.
.. Denver A nio G pf.,
. . Pome Mine .
.. Elk Horn Coat
S Endlcott-Johnson . . . .
7 Krle
. . Fairbanks
Famous Players-L
70 H
8814
80H
.200
OH
K
33
MH
13
61
8 Famous Players-L ... n a
7 Federal Min A Smlt pf 3.
10 Fisher Body 130
7 Fisher Body pf 104
3 Flsk Rubber S3JJ
s General Electric HOI
1 General Motors ctfs.. 33ft
Gen Motor Rights ... V4
0 General Motors deb.. 13
fl Goodrich B F C2JJ
7 Goodrich B F pf 88
. Oranbv Conbol M A M 38 H
2 Gray Pavls 21
7 Great Northern pf . . . 00J.5
4 Great North Ore ctfs.. 38)4
, . Ori-en Can t"op 28
.. Gulf State Steel 60J4
4 Haskell A Barker Car 73'l
1 Hupp Motor Car 16?4
7 Illinois Central 81 Tj
.Co Indlnhoma Ref 1!4
0 Inspiration Con Cop.. 3J4
. . Int fon Corp pf. . . HH
.. Inlerboro Con Corp.. 3&,
7 Intl Harvester New .. -l:il?4
. . Int Agrlcul Corp .... 21
.. Int Mer Marine 3314
0 Int Mer Marino pf... 88!i
.. International Nickel .. I7$s
Total sales i" lnn shares, compared will
week. SKO son shares
3314
3
37
tm
00
lit
oiH
39 14
313
13614
44
11 Vi
1614
R14
44
8614
11
08 H
100
18K
31
50
714
80 Vt
88 Vi
88
47
83
325
54 Vt
0514
04H
40H
11
ss a
25
78H
7114
159
lie
3014
1114
11 7 U
103H
87
39
21
sftK
10 M
8
13
7Ii
17
0814
30 H
113
1714
4114
8H
100
08
51
am
48H
3114
68
07
35
1SH
30J4
314
33
50
38 V4
14
65
33(4
074
0414
K314
3514
143
01
n
79
64
87
20ft
H
07.
33
8714
13
Ct
7614
35
120
1C3
33 K
110V4
3314
H
7314
C3
87
38 H
2014
no
35 H
28
oo4
-174
16 J4
8IJi
714
53
lOJ'a
3H
13114
21
32W
88K
1714
M4.000
Todajr'a Net
Closa Chae.
3314- H
1
a7 - 14
4014- 14
00
111 - 7
0114 14
39V4 V4
310 8
1.1614- 1H
4414 14
1114 ..
16V4- 14
8814-114
441
8014- H
11 - 14
S4- 1M
100 J4
1814- X
24 1
80J4- X
74 H- 394
8814- H
3814- 14
85 - 314
47 - Ji
0314 ..
325 - 0
85 - 1
0811- Id
84H- 14
4114 114
14 - 14
riH- 14
358
78J4- 114
7114- 14
R114- 314
150 3
11614- 114
3014- 14
4114- H
117 x a
103J4- 314
87 - 114
30
31 - ?4
88M- 1J4
10H- IK
8-1
13
714 - 14
17J4 114
6014- K
30H- H
117 - K
17'j- 1
1114- 3
05H- 1H
100 - 14
00 3
81 - V4
31Ii- H
18H- T4
2' 14 ..
o - 14
07 'J .
35 li- H
15K- H
3014 - ;4
14
114
114
H
Vt
H
14
2
14
1
1
3!4
35tj
23 83'4-
2RH-19?4-f
05 - 3
3314- 14
87 ?1- 214
91 14 34
10311
35 '4
11314 .
04
83 K -79
51 -87
200
8H .
014 .
21 -
7J4-
13
01
7BJ4-
35
130
101 4.
33K
11014 .
3314-K-
78
r.214-
87
36J4
201J
69
3JK-
28
oo?4
71?4-
1CH-
81 Jt r
714-
53 -
10T4-
394 .
13114-
31
' 3314-
88H
17 14-
14
3
314
li
14
Vi
V,
1
14
n
H
'a
1
li
114
14
H
,i
Bales
400
300
100
8800
100
100
too
000
300
100
000
0880
380
300
4300
100
0700
3100
1100
400
600
18000
1388
100
100
760
300
100
100
100
300
3100s
300
1400
360
100
600
800
aOO
300
300
400
000
13100
800
200
000
100
100
300
800
3100
3500
400
1000
300
600
100
300
000
100
4600
300 '
500
4660
3100
SCO
600
100
200
000
100
300
3100
800
4000
000
40
3100
800
11100
330
100
103
4000
400
15800
100
COO
7600
810
50
200
300
S100
200
1800
8000
300
5100
200
15000
COO
1000
21S00
300
100
100
100
100
800
1300
1(10
200
210
200
400
300
1300
500
350
. 200
plv.
In 8 Jtlh
. . International Paper .. 7o J4
6 Inter Paper pf atpd.. 74
.. Iron Products Corp.. 4414
. . Island Oil 6H
.. Jewel Tea 10
.. Keliey Wheel 64
4 Kelly-Spg T 103
Z Kennecott Copper ... 344
8 Keystone Tire A Rub. 18
3 Lo nubber Tire 30 J4
8.80 Lehigh Vnlley ....... 41
3 Loewo A Co 3714
.. Loft Corp 10
7 May Dept Stores pf.. 0894
10 Mexican Petroleum ..17714
3 Miami Copper 3014
1.60 Middle States Corp... 384
Mldvate Steel A Ord.. 41
. . Missouri PacMo 25
.. Missouri Pacific, pf... 40(4
1 Montgomery Ward ... 3314
.. Nat Anlllrre A Chcm,, 74
.. Nat An ft Chemical pr. 0314
8 Nat Cloak & Suit.... 61J4
6 Nat Ennm A Stamp.. 01
. . Nat R R of Mex 2d pf 614
8 New York Central..,. 68
.. New York C A St L.. 3014
.. N Y Chi ft St L 2d pf. 45
2.80 New York Dock 33
.. New York NIU1I,, 2814
8 North American 7
7 Norfolk A Western... 874
7 Northern Paclflo .... 71
8 Nova Scotia S ft Ct.. 52'
.80 Nunallv Co , . 16
4 Ohio Cities das 30
,10 Okla Trod A Ref 414
.. Otis Steel 23
4 Paclflo Dovel Corp... 1014
.. Paclflo Develop rta.. 14
6 Paclflo Gas & Elco... 46
.. Pao Tel A Tel 40
6 Pan-Amer Petrol 10314
7 Pan-Amer B no 14
4 Parrlsh A Bingham.. S3
3 Pennsylvania R It.... 38H
.. Penn Seaboard Steel. 38
.. Peoples Gas Chicago. 30
.. Pere Mnrqustu l.VA
5 Philadelphia Co 30 ;4
.. Phillips Pit 43H
.. Plerce-Arrow Motor.. 8114
.. Plerca Oil 1614
8 Pittsburgh C of P 6114
.. Pittsburgh A W Va.. 37 H
1 Pond Creek Coal 18M
8 Pressed Steel Car.... 9714
8 Tullman 113
6 Punta Alegro Sugar.. 103 14
8 Railway Steel Spring. 0514
4 Reading 8114
. . Remington Typewriter 6314
.. Replo Steel 8214
6 Republla Iron A Steel. 9334
.. Royal D N Y rets 111 14
,. St Louis San Fran... 33 H
.. St Louis Southwest... 1114
.. St Louis Southwest pf 32
1 Santa Cclla Sugar... 73 H
.. Saxon Motor 10
.. Senboard Air Lino pf. 1314
.74 Shell Transport 75 !4
.. Sinclair Oil 314
A Sloss-Sheff 70
6 Southern Paclflo 93
.. Southern Rail 32 J4
Standard Oil of N JOB
Stan Oil of N J pf lnfJi
Stromberg Carb 73
Studebaker 70H
Superior Steel 80
Temtolt Corp A F "A" 12
Turn Con A Chcm.... 10
.1 Texas Co "
6 Tobacco Troducts ... C794
.. Transcontinental Oil.. 17J4
B Transua A Wms Steel 51
6 Union Bag ft Paper.. 88
.. Union Qll ",
Hi Union Paclflo "'14
8 United Drug 131
8.80 United Iug 1st pf... Va
12 United Fruit 19814
8 United Retail Stores.. 78
.. U S C I P A Fdy 10
fl U S Food Products . . 67
8 U S Ind Alcohol 93V4
IT R Ttoaltv A ImD... 8714
U S Rubber O5"
U 8 Smelt A Ref 87
U S Steel
U S Steel pf 15,4
Utah Copper 07 H
Vanadium Corp SO
Va-Carollna Chem ... 7515
Va-Car Chem pr
n Vo Tmn Pnul A Coke..lll
2 Vlvaudou Ino J-8 V4
. Wabash 74
. Wabash pf A 331
. Wabash pf B 1
. Western Maryland ... "i
4 Western Paclflo 37
7 Westlnghouso A BrakelOlJj
A WaatlnirhnllHA K A M. 40 V2
., ,. Wl tP
51
1814
CO
105 Vi
C5V6
E..
ahar."! yesterday Thus
Wheeling A I
4 White Motor
1 Willys-Overland ..
G Wilson A Co
8 Woolworth F W. .
6 Worthlngton, Pump
Ex-dlldend.
a rt1 AAA .!. Cnm ni-tftf1 iBl'
flr thl9 WMK, I.UU-tUUU ninii-B 7iir Kvitw .-.
4
4114
14
10
64
103K
)61i
38
3014
054
30
16
0814
174
3014
20 J4
40H
3114
33
33 W
71J4
314
eiji
61
8
87 Yz
3014
45
33
38
5114
86 4
7014
53
16
3814
4(4
33
60
14
40
41 V
101
0814
3114
3814
Vi
38
2.114
3814
13
60',
10
68 J4
2714
1814
0714
111
10.1
8514
83 H
63
8115
01
113H
M Vz
1114
13
5SH
014
1314
7114
3114
6874
8114
33H
630(4
loo $4
71
68 H
50
13
10
1514
07 K
1614
51
8774
3114
113
131
4814
107 'A
7014
16
rci4
8014
57
04
67
914
101 K
6614
83J4
71 H
toc4
in
1SH
714
23
11
014
37
10154
19
50 i
JS14
no
105
Today's Nat
Closa Ch.s.
744- 14
74 V4
44 14- 2H
614- 14
10 14
043
103K- 314
30J4 14
28 - h
3914- 54
404- y
36K- 1
16-14
0814- IM
175 - 3
SUJ4
30
40 -
3314-
73 f
0314
C1J4
01
514
6714- 1
3014- 114
15
3.1
3814-
87 014
8714
7014- 114
53J4- 1
in
38(4
414 Vt
50
14
14
'l4
1
114
14
4
3
14
INDUSTRIALS LEAD
IN CURB TRADING
Dealings In North American
Pulp on Large Scale Wright
Martin Actlvo
14
14
V4
1H
?4
M
14
U4
4
li
16 -16
10114- IK
9514- 1
3214 14
3814 ..
35
36 - 114
2.114- H
3654
1314 ,
8014-18J4-co
3714
18J4 07J4-
113
10314
85 14- 114
f.114- ?
6-114-
81J4- 14
0114- ?4
H3K- 114
23J4- 14
1114 14
33
2SH
014
1314-
74J4-31J4-
6854
9114-
33H-
65014- 114
10054- '
71-3
cn 1H
60 i.
43
10 -14
48V4- 14
67 H- 34
1014 14
515
8H 14
33 1
11314- 14
131 4 J4
48 V, ..
19714 334
76J4- 134
14
'l4
1
14
134
!i
H
14
14
K
1
1H
16
6014-
ooh-
57 -i
94
87
0134- 1
104 K
C64- 114
83 - 314
7514 14
10034
114 -
18H-714-
31
It
914
27 104 34
4014-
04
50 3'.-1814-00
105 Ti
14
I.Jt
''ft
NEW YORK COFFEE MARKET
New York, .Inne 21'. July linuiila
tlon continuen to be the feature of the
coffee market tint mornins. I'resuro
from thh snune sent the lNt oft 13
to 14 points on the call.
Late In the morning July had sold
off to 1.1 'ir and September to 1.1.77c,
and while the present selliug movement
seems to have originated with the
evening up of July in nuticipation of
possible notices on Friday, that posi
tion is still holding n premium over fall
and winter months.
Hulls are disappointed over the con
tinued Miscing tendency, which is be
lieved to be due largely to the dull mar
ket for actual coffee and the dormant
condition of .peculation.
No weakness is so far in evidence iu
the primary markets, judging from the
recent firm offers from Ilrnzil. and thern
are i-omo in the local trade who expect
a hdiiirp advance here right nftcr the end
of Jul v liquidation, as It is pointed out
that Brazilian shippers have sold over
n million tings of coffee for late summer
and enrlv fall shipment, and they have
yet to cover by purchases in the in
terior.
1.1 77
is 7
fept
ilrt
Nov
Ilr
Jrin
Fel
March 13 85
Arrl
Utah
13 SO
1 M) 18 S3
June
Jim
A US
13 S9
IS. ST
13 87
13 00
1300
11U- f'los
i.i7n nnnffTi
l:t 72W74
13 7."i77
13 71 13 7AWS0
... 1.1 R09R2
13 S3MS5
13 5 IS S.1WST
13 SllffRft
13 00 1.1 KSfflOO
13 SOWS
13 S2 13 Rl WW
13 73077
Test.
rloso
1S..U
13 92
1.1 03
13 03
13 0.1
13 HT
13. 0U
14.01
14.03
18.3.1
it n
13.03
FOREIGN EXCHANGE
New York, June 22. Kuiopean ex
chanRes were stronR in the opening1 quo
tations of the foreign exchanpo this
morning-. The advances represented
erratto blddlns before the opening, na
the. result ot the German indemnity
news.
Quotations were.
Demand sterllm; $3 00 'i , entiles $1;
franc cables 12 25. checks 12 27; marr.s
3,75; Belgian cables 11 "0, checks 11.72;
lire cables 16 2.V checks 16 27 ; pesetas
cables 16 70, checks IS 65 , guilder cables
36, checks 35's ; Swiss cables 6.48,
checka 5 50; Stockholm cnbles 32.05,
checks 21.05, tip in; Christian!.), cables
17.60. checka 17 50, Copenhagen cables
17, checks 16 90.
TKSTERDATS FMNAI. QUOTATIONS
Stsrllns Krsnrs Mre OulM'ra
r)mand . 8 BIS 1S.11 in .14 .80
Cables 3 00'. 13.13 HI .13 .3814
TODAY H OPKNINO QUOTATIONS
Sterllne Francs l,r ClullOra
S.1T4
Pemand
Cables
3 SOU
4 (10
12 27 1.1 :
13 3.1 111 :
NOON QUOTATIONS
.30
Demand
Cables .
rifrnsml
Cabl
Stfrlin Frsnrs
I.lrr Oulldrrs
111 3.1 S1'4
q.i
3 & 1" L'.l
3 014 13 21 in 31
CUiSINCl QUOTATIONS
Sfrllni Kr.itus l.n OulM-s
3 OS', 13 33 1 33 J.I '4
. 3 DS 13 31 HI 31 3'l
BAR SILVER
Domestic bar silver was quoted In
New York today nt OO'-jc, unchanged;
foreign was priced at 03c. In I.ondon,
the price was up Id nt 52 d-
Cloverseed
Toledo. O., June 22 Clovsraaed. prime,
canti $2.1 ic October. J25.80; December.
4 01 Alslke prime cash, S2 7fli October
$17 70. Detember. 130 73. Timothy, prime,
cash .1017. IUt 101S IS.10: 1010. 13 70,
September. $0 October, J3 70; December
13 70. March. 13 S3
Court Revokes Bank Charter
Hitrrlebunr. June 22 The Dauphin
County Court has made a decree ousting
the. rnltc.ri Hank and Trust Co. of Phila
delphia fiom charter rlght on tlie
ground thM it never organized Tlio
companv obtained a charter .November
26, 1910.
Moody to Address Bond Club
The Trst luncheon of the Bond Club
of Philadelphia will be held June 29.
The. upeaker will be John Moody, who
will address the members of the club on
Reoonatructlon Without Panic." 'An at
tractive program of educational and In
teresting noonday addresses for future
meetings la In preparation.
Globe Rubber Tiro Stock Dlvlrfend
New York. June 22. The Globe Hub.
her Tire Manufacturing Co. dc!ared a
stock dividend of 10 per cent prt the cprni
BANK CLEARINGS
Bank ciesrlnus today compared with cor
responding dsv last two sears
1020 mm 1018
Phils. J nfl 440 tm 471 Kin I61, 388.228
nsltlmore 17. Sin. SOI 12 12n.nm .,,,
Chicago inn SS2.214 ion H7S S3
X. Y . .S2.270 .104 8.11 (40 0.1.1 040.(11.1,37.1
Boston 70.744.370 03.0.13 Ifl'i 00,074 2SO
Bt. IOiili. 23 880.873 32 001.0.17
MONEY-LENDING RATE8
Nl'.W VOBK Money on call opened at
8 per cent; high, 11 ; low, 8; last, 11;
closed, 11; rate, 9 per cent
The tlmo money market continues
quiet The volume of Iouhh Ib almost
negligible. Loans on all Industrial col
lateral are quoted at 8 per cent to RV,
per cent anl on mixcu collateral 8 per
cent
Hinkers' acceptances range from Bli
to 6 per lent.
lMIU.AnKI.riHA Call. 6 per cent;
time, 6 per cent ; commercial paper,
three lo six months, 6 per cent
r.Voto These are merely nominal quo
tations, as the legal rate of Interest In
tho state of Pennsylvania Is fixed at 6
per cent Plus premium ami commis
sion time money for thirty to ninety
days Ib loaning at 8 per cent, while com
mercial paper from three to six months
Is being offered at 7T4 to 8 per cent.)
LONDON'
three
cent;
cent.
-Money Is quoted nt 4'
months' bills 6 11-1
cent. Discount rates, short bills 6U
per
per
pjr
Commodity Markets
GRAIN MARKET
Chicago, June 22. I'ntler iienvy of
ferings the corn market was exceeding
ly weak today. Sentiment wns bearish
and wns intensified by move liberal re
ceipts. Free profit-taking began nt the outset
nnd was followed by liquidation by
tired longs. I'ntini operators played
nn Important part In the selling, which
came from nil quarters through com
mission houses. About the only buy
ing in evidence was nn resting orders
nnd room covering. More than ."00,000
bushels of corn arrived here today.
Wheat nnd rye also were weaker,
with the (ttsli nnd export demnnd les
nctlve and offerings from the country
Inrgcr. It wns said that exporters luid
reduced their bidi fur wheat three cents
nt fieorgian bay ports.
Onts suffered sharp losses on liquida
tion and short sellin?, caused by the
break in corn nnd n decline of two to
three centx in the cash article, notwith
standing the fnct tlint receipts were
moderate. Delated longs were free sell
rs and nian stop-loss orders were
reached on the dmp.
New bit ing pnwer was lucking. The
crop nnd wontlicr news was better and
larger receipts were forecast.
New York, June 22. There wis
heavy trading In a number of the indus
trial issues today, nnd that group at
tracted far more attention than was
shown in tho oil issues.
Tho deallnas In North American Pulp
were on nn unusually large scale, over
10,000 shares of that stock being traded
In nt fl to 7. n new high for recent
times. There wns no special reason ob
tainable for tho movement.
Wrlght-Mnrtln was in continued good
demand, following yesterday's activity
nnd strength, nnd a firm tone was shown
in Indian Packing, partly because of
tho declaration of a quarterly dividend
yesterday.
General Asphalt wns the most nctlve
of the petroleum group, ranging from
73V4 to 721$. Local interests were buy
crs on the declines. Mexican Paniico
wns firm, with sales at 17 to loji.
Rlmm8 was traded in nt 17'"!4 to 18.
White Oil wns firm nt 20. Royal Dutch
rights sold nt .12 to 32 '4.
Submnrine Boat was fairly active,
first falling from 13 to 12'j, with a
rally from its low level.
INDl'BTniALS
High
Acme Coal 2!i
American Candy H
Amorlcan Chicle 40
Alum Mfir 224
Armour Leather ISts
Amor Hrako Shoo 4fl
Auto Fuel 37
Price Hilt flteel 33
L'rlt-Amer Tob roup.
Car Light
Central Teresa
Chlcsco Nipple
Loniejr Tinfoil :.ih
Umpire Steel .10
Cleneral Asphalt 71
Ooodyear Tiro 13n
Ooldwyn Pictures 17;
drupe-Ola 2
drape-Ola pref 2
Herculei Paper 23
Hoyden Chemical 3
Hydraulic Steel 30 '4
Indian Parklnir 0
Imperial Tobacco f;
Keystone Solether 134
Llgmar -Coal 2V
North Amer Paper 7'
Perfection Tiro 2 S
nalnlor 3SVj
Itadlo Com l'
Itadlo Com pref 2H
Ilepubllo Tire nub 3T
Hlnger Mfg US
Submarlno Boat 11
Standard O.ts t Klectrio. 1.1 H
Standard 11 & El prof .... 33t
Swceta Co 1
Times Square Auto 34
U S High 8pe:d Tire.,... 81'-4
U I, H 2i
U S Steam 2S
U S Transport 10.
United Profit Sharing.
United Plct Prod ...
United Itetall Candy ..
Wright-Martin n
Willys Corp 1st pref 00 00 00
STANDAIin OILS
Angln-Amer Oil 24 H 24 24ft
Bouth Penn Oil 272 272 272
Standard Oil of Calif..,. 310 810 810
INDEPENDENT OILS
Allied Oil 83 26 26
Allen Oil 21. 2 2U
Atlantic (lulf 8114 81 4 81 U
Aikansaa Natural Oas .. isii 12',, 12S
Ark Nat Oas rta l', IV, IV,
Poone Oil 3 3V 3S
lloston Wyoming it Ti t
Cosden & Co 7Vt 7',, 7V(
Cushlng Tete 1H 1H H
Dominion Oil lOVs 10 10
Duquesns 4Vi K iK
Esmeralda Oil 14 ! Vi
Klk Bailn Petrol 8Vi 8 fl
Federal Oil 24 2U 344
Olenrock Oil 2S 2tt 2V
Ouftcy Olllesple 23 Vi 26 20
Hudson CHI U A
Intl Petrol 37 85 .16
1nlnclble si 86 86
Kay County Gas 2 174 2
Lanco Creek Vt Vt Vi
Lone Star Us 26 26 26
Manhattan Oil 7 Vi 7 7H
Maracalbo Oil 24 22 23 4
Merritt Oil 16 1AV, 16
JIMu-cit Ref 143 148 143
Mex Pan 17 111 16
Mexico Oil 1V4 1V4 1V4
North Amer Oil 3'i 3V, .I1,
Ohio Fuel 2.1 23 23
Okla Natural Oas 33i 33U 33
Omnr Oil 3 .1 .1
Producer & Refiners 7 7 7
Pittsburgh Oil 14U II 14
Roval Dutch rls 32 32 32i
Ityan Oil
lied Rock Oil
Sapulpa Pef
Stmmi Petrol
Ski.llv OH
Slclnor Oil
Superior Oil
Tuxas Ranger
Tex Pac Coa (full paid)..
Tropical Oil
Pn Texas Oil
Victoria oil new 1
Whlt Oil 20
Hoy de France 6
MINlNfi STOCKS
Alsska-Brlt Columbia ... . 1 A,
Atlanta lvi
Pig Ledge '4
nooth 3 ,
lloston A Mont 70
I aled Mlnlns 23
Calumet A Jerome H
Canada Cop 1 A
1
:.i
U. S. A. .
4 Standard Unlimited pjolicy
or Credit Insurance providing for
protection against loss on accounts
arising from goods shipped during the
whole Policy Period no matter When
Insolvency of the debtor occurs,
' U. D. O.
A Standard Unlimited Policy
of Credit Insurance providing for
protection on losses due to insolvency
of debtors and occurring during the
Policy Period.
CoorontMcf Co Wcf on 5rt)c obtains under
both Pollcier and adjustments are mide dur
jng the period of the Policlei tfter excesilve
Iomu have occurred.
ounsupuv
SERVICE
AT YOUR
SERVICE
Losses Paid In
AmeTjianCbriTricy
Phone LorabttcJ 4016
EstablUfefl
EitchteenSixlvnino
J ,iTOw'w- J
London guarantee and
Acamrr company ltd..
Ifiius Stsndtrd Unlimited PollciU
R. A. IRVING, Generil Agent
820 LiFsrette Btd(.
PhllsdtlphU.p
.5
licllntt futures r.inueil at follows:
Corn-
.luly ....
Hept
Oats
July . ..
Eept. ...
Pork
July
Sep
Lard
July
Sept
Ribs
July . . .
Sept
Opn
. 1 '0
. 1.73
. 1 11
. fc.1
.11 'O
36 33
20 ,1
21 70
1S 30
.III 40
Hlxh
1 71
1 71
1 "4
i tiS'i
34 .12
36 33
20 70
31 72
IS 40
ID 40
Low
1.72
1 68
1 02V4
84V,
31 46
36.10
20 60
21 57
1S.11
10 17
Close
1.70
1.6'J'i
1.03
6BH
.14 4.1
36 20
2 63
21 02
20 "I
OS
Candelarla Mlnlnjr -
Cortea Silver an .is
Cresson Olid 1V4 1
Crescent MarNamara ....
Divide Extension 2.1 21
Bl Salvador 2 2
Hureka Croesus A A.
Oolden Oato KP H V4
(lold Cons S 0
Hold Development I 7
Cold Kwanaa 14 1
Oold Merrer lVi IV,
(lold Silver Pick S 1
Hold Zone 13 13
Cre.it lnd l'i H4
Jumbo Extension n 6
Knox Dl Ida (1
Louisiana Co
.VacNamara
Varan Mlnlna: H 14
Mothtr lxidi" 37 ,17
Mothr Lido new .1 ,1
Murray Mob 77 76
Nlplesine n s
Hex Cons T 7
Rlchester Min 12 12
nop riroup A A
Han Tov 4V4 4V,
Silver Klnit of Arlnr.a. . .. 43 40
Simon Silver 1 1
Tonopah Cash Roy 6 n
Tonopah Jim Rutler IS )3
Tonopah Mining Irs 1A
t'nlted Eastern 3 3
Victory 7 7
West Find C 1-Vj IA
White Caps .11 II
Yerrlnston 3 3
BONDS
Allied Puck 6s 71 71V,
Amn Tel lis of '22 P4 1)4
Analo-Amer 7Vis 11 fiS
IlelaUn 6s of '21 OH',, H7'4
Ilelglan 6s of "23 01 fini,
Chi N W 7 PBV4 (IKS
D i II 7s ( M
(loodrlch 7s ".Hi tiftu
Inter It T 7 71 71
Kenneoott 7 62 03
Blni lair 7V4 a 07 07
Rvsndlsh 6s "1. R.1
Texas Co 7s 07 17
West Dlec 7s 08 08
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
tSROJW A fiANKOM RTHEET
NOBTHEAJIT CORNICK
MEMOEB8 miLADELFIUA STOCK EXCnANOE
Vl
71
04
0044
DHlJ
91
tm
on
113 v,
71
l2
07
83
07
08
LIVESTOCK QUOTATIONS
ritlKbumli. June 22. lioda Itecelptt,
uscord Jua
fo";
U. Q. I. Preferred Dividends
The United Oas Improvement Co. nn
nouncea that the dlvldendH on the new
lnsu of preferred i-loek ulll bn payable
September IB. December 'IS, March IR
and June 1! to holdern of preferred Block
of record .t the clone of business on the
taut day of the preceding month. Instead
of their i)lrtit payable Senlember 1, De.
1otror 1, March X nnd Jjwae, 1
COTTON MARKET
New Ynrlt, June U2. The cotton
market showed increased weakness to
dav imtler more general nnd agj,'r'eHt,Ivc
EelllnK.
Prices broke into new low croiinil.
uncovcritiK ston orders with October off
to nn.."7, or (Kl pointi net lower, while
July broke to !!(! centH, or 70 pointn
below last niKlit'H closinu flgitrcH nnd
2fK) points under the liigli level of
Juno I.
There wore the usunl vague rumors
regarding the attitude of southern .milk
ers toward lurther Htlvnnces on low
firadp cotton, which hud an unsettling
nfltionco. f.l(uidatlon of July was ac
companied by ippnrtM of cotton conllng
here for delivery on contract.
.Much of the helling in the late after
noon wns for long account, partly Wall
street and the South, and wbh influenced
by nervousness over tho money und
credit situation.
The market closed barely stendy nt n
decline of -10 to (VS points.
T'rev i lose Open lllsh 1iw CI"so
July 66.70 .16.3.1 .16 63 .16 on nn,1836 23
Oct . 34 20 34.60 34.23 S1.36 ,16.llllt83,6t
Deo .. 63 08 32.98 3.1.12 32,43 H2.43t83.30
o.,sii af.itn o.-.sa Ji.of ai.n((Ol.U0
Higher. Heavies, tin 50W13 78t
lin.nuiviii td; iicht yorkers
JKI1 . ..O. ll il.AJI
iJrih..,ai,00 31.80
4 .
4300 hesi)
h..vv VApUnrs
Iln.fr t. r,0i nlss. 114 30013.
BHEF.P AND l,AMnH. nerrlpts. 1600
head. Illsher. Top sheep, 110.23; top Ismbs.
S16
rAT.VFS necslptJ. 1300 head. Kttsdy.
Tjp, 113. t
riilmiBO Juno 22 CATTt.K necelpts.
sono hvad More Hctlve; beef steers and
butcher "she" stock stendy to eironir,
higher In spots, .bulk steers, fix jRfp
HI 23. early top, flO.IIS, bulls steady to
23c higher, rslves and storkera steady; bulk,
veslers fl4O14.30; few choice, lis,
HOOS Ilecelnts, 42.000 head. Generally
23o to 40a hlKhar than Monday's arace.
Top, 116. bulk lliht nnd Jllvtit butchers
113.7013.03', bulk 230 pouods and over
(14 HO A 13 76; pigs, 23o to 50o higher; bulk
SI- mil' IO ,!', . , . .
HlfliKi nscelpts, Bonn bead. Uneven
active; 'mostly 23r. to 30c higher Cholci
native lambs. (16018 BO; cholcs, OS.pound
yearlings tl4.03; fw 136 pounds' at 17.23;
cholco feeder lambs, 114 23,
Kftst t. Ijoiila, III.. June 22. CATTLB
Receipts 6000 head licit native stesrs
steady others slow Texas steers steady to
26o lower Top steers, 116 30. hulk ffa
111. best yearlln steers Hnd heifers steady;
dinners' cows slow at f4 2BB3 bulls and
calves steady; good and cholcs vealers, f 13c
li r.n t.-v
HO'OS rtetelpts. 10.500 headi 10c to 23e
higher Top, 16; bulk, light and medium
vJlahts. flS,BO10.00i bulk heavies. flTlO
O1B.30.
. BHKKP--neeepU, BBt? hfd. Best
lamia Sjj.lp OOc hlf h. VJ "Wp steady. Top
lambs, fiB.BOi bulk. U13,i3i top ewei.
0,TB. , V J
American Industries
Need Your Money
YOUR capital b required in the further expansion
and development of our Industrie. You can
assist their increased production by investing in Pre
ferred stocks of well-established' Manufacturing
Companies producing essential necessities.
Wt have a carefully stinted list tj
Preferred iteeh issued under frtfer
restrictitni safeguardingjvur invest
ment, which tot recommend to the
most ccnservttivt investtr,
Yielding 8
Mk tor nidtr ya, rJ'M-in
,Hollisler;WKfte & Go.
iCOttlMO
BOSTON
SmlNGFIELD
North American Building
PHILADELPHIA
PROVIDENCE PITTSriBtD
NIW YORK
rORTLAND
-J)
Tax Free in Pennsylvania
FIRST MORTGAGE FIVE PER CENT BONDS TO YIELD
ABOUT 8.50
We recommend for conservative investment First Mort
gage 5 Bonds of a public utility company operating m
Philadelphia and nearby territory. It is an improving com
pany with good earning power. The bonds were issued in
, 1 905 ; they are listed on Philadelphia and New York Stock
Exchanges.
For further detaltt add fi
HARPER & TURNER
Investment Banktra
1000-141 1 Walnut Sfreat
Seranton Philadelphia
Member of Philadelphia Stock Exchane
Rtaiint
Co-operate With the Railroads
Never before In tho history of our country have the
railroads deserved tho united and wholehearted support
of the American public as at tho present time, when a
shortage of locomotives and cars, and a tremendous
freight jam, are seriously interfering with Industry.
As loyal Philadelphians, and as locomotive builder",
we will do our full Bhare to aid the railroads during this
crUis.
The Baldwin Locomotive Works
Philadelphia
f . '
Y,
V
I
fi
Uit':
IJ-V
SVii-if i.7i vik.,.f.. ..,
.1)".-'