- j
' .
ft?
fk
i j
J
,1.
r$$'i
"
5V
II
' 1 ' ' i " - ' . l r I. ii i I 1 " "
-u;
I
&l
Bf
V
tv
'tj
1
ft
-t
if
P'l
'
r
r
I
i"i
L
M
m
f-
iMgtwm. rrrv SAjffl
Hcrshcy Chocolate
Corporation
lit lien 7-'0 10-Yr. Gold Bond.
, as mitt iiirri (unrrl
To yield about 7.85.
Send for circular show
ing: strength; the plnnt
in Pcnnsylvnninj the vnluc
of sugur plantations and
mills in Cuba.
Excellent earning
Liberal sinking fund
-tifc tor ri: .in
TheNationalGty
Company
OPIces In ocr ."0 Cltle
Philadelphia 1421 Chestnut St.
Atlantic City Chalfonte Block
1225 Boardwalk
MM WA
DRAGGING AFFAIR
Restraints of the Money Pinch
Reduced Trading to Ex
tremely Low Ebb
NEW YORK STOCK EXCHANGE TRANSACTIONS
Constantly,
Consistently
Turning
By constantly and con
sistently turning your securi
ties ivhenei er the opportunity
occurs to do so advantage
ously, ou can often combine
a high degree of safety with
a yield usually found only
in speculative securities.
Scud foi Una- l'H
describing our plan for
thr frriucn' (ii.imii?
0 your iiiicsfmrnfi.
George H. Burr & Co.
421 Chestnut Street
Philadelphia
The Curtailment of
New York. .Tunc SRI. The watting
clmrat'trr of the market was more pro
nounced llinti ever in today"" trudeug.
The continued hijli cost and "enrelty of
credit was responsible. It would be no
exaggeration to stnte that the street, ns
a whole, felt the effect of the money
pinch more acutely today than at any
time since the loaning institutions be-
1 Ran tn pull the purse .trlng. Not only
were inniiiy ratr high, but money was 1
iNo extremely hard to get. To make 1
mnltcrt more uncomfortable for the 1
I eager Borrower mere vat Known 10 ue
1 heavy calling of loan all over the street.
I The renewal rate for call money was
again fixed at S per cent, hut it ivns
soon found requests for call loans were
considerably lu excess of supply on
hand. liefore middiiy the rate bad been
1 pushed up to 10 entirely because of the
Mirgent demand, will, every indication
if another Hurry Lcfoie tin' day was
out. when the helnted borrowers en
deavored to provide for their tiuiuiclnl
accommodations overnight.
While there was a great deal of folk
' of promises of easier money conditions
: after th- July 1 disbursements were
out of the way. borrovvei .1 today fcutid
, the money tension more acute than ever.
1 As n matter of fuct. not a few cf the
larger house wore openlj advising the
' closing out of marginal accounts, rather
than to enrrj them along on the high
interest eiiargPM that must necessarily 1
be ruieteil. Although speculative ac
1 counts carried on the books of the more
important 1 ommission houses are
' smaller than ut any time in the history
I of the street, yet even these nre prov-
lug a burden because of the inability
1 of the brokers to obtain the necessary
.accommodations from the banks and
1 other loaning institutions.
Considering the restraints and acute-
' ness of the money shortage the market ,
gave a rem.irknble exhibition of under- 1
lying inherent strength. Little or no
significance was to he attached to the I
mercurial variations, as these were en- '
tirely the results of the senlping opera
I (ions of the room trading contingent, j
, There was possibl.v some little selling !
from the outside, but the bulk of the
' day's operations originated nud were
eonllned within the four walls of the
stock exihange. Public interest re
mained infinitesimal. 1
Moderate improvement followed the
lower opening. whMi n entirely the
result of i1"siiltnr ioring of the
shorts, influeneeil bj niiMicecsvful efforts '
of the bearish i-nnting. ut to force 11
general selling movement. The steels,
eipiipnients and other spu-uilties were
among the more prominent feature..
IJpforo noon trading fell to a low ebb.
the inereasiug dullue.s 1 mhrn.-iug the
..-.mi .speculative lavon.es. Hit- steel
T)lv.
SIes In lllth
5(0 .. Alaska Gold Mines... 1W
19 .. Alaska .1 niveau O M.. 1
510 3 Am nanl Note. ..... 43
00 Am Ucot Supur ..... 90
HO 7 Am Br Shoo & Fdy.. 9J
' loo it Am r Shoo & Kdy p?l .
JtO .. Am Can 40
310 7 Am Can pf 0H
09 ii Am Car lMy 137 Ji
00 4 Am Cotton Oil 48
300 n Am nruc Syn 11 J5
101) : Am Hide & Leather pf. 00
90 e Am Intcrnnt Corn ...
100 t Ani-I.n Kranco, Kng. . 11
'00 3 Am l.hiBQCd 82'i
t".10 0 Am Locomotlvo ...... 98ij
SJ00 .. Am Safety Ilaior ... IH
100 .. Am Ship & Com.. .. MM
100 4 Am Smelt & Kef filH',
too : Am SURac Hef 1M
400 10 Am Sumatra Toll ... f0J
M)J Am Tel & Tel ...A. 93?i
100 A Am Tobacco pf new.. S'i
loco a Am Tob See temp ctfa 4J
?00 7 Am Woolen (.. 98S
319 i Anaconda Copper ... SdH
100, 4 Aspo Dry doods 34 't
TOO S Atch Top & S Vo pf 74U
700 7 Atlantic Coast Line. f3
100 10 At Gulf & W I S S..1SD
8300 3.30 Baldwin Locomotive. 11'4
2:30 N'ef
Ijw (NTtm) Chge.
IKj tJ Ji
shares were the only prominent exeeu-
Extravaeant Exnenditures ; ,",V Wlth,.( rucibie and itpubiic cx-
x-.Atictvctdiii, Apciiuuuiv.3 tending earlier gains. ISethleliem Stet 1.
ii in.- ouicr iioiiii. nan a tempoiarv set
hail; on unconfirmed runwrs of new
tiuaucitig.
LOCAL TRADING
CONTINUED FLAT
'7a; J (nations Meaningless
1 Except to Emphasize the
Thin Market
During the process
of deflation, with
its accompanying
restriction of cred
it, it is reasonable
to expect a marked
decrease in the pur
chase of luxuries.
At such a time the
true strength of se
curities represent
ing essential indus
tries will become
increasingly obvious.
Write for our rccommrinla
tiowi of timely investments.
500
100
3800
too
aoo
4800
00
3)00
100
no
200
tin
too
230
400
800
iro
.T)0
1.110
1100
S30
too
too
3300
1-510
ion
700
too
1130
200
200
11400
too
12J)0
3S0O
1230
730
300
200
200
400
100
too
too
too
7100
1310
800
-.10
310
370
100
200
(000
1001)
200
100
200
2000
ino
too
29J1
ino
330
310
1110
107
3 JO
00
SID
too
0)0
310
100
4100
.. ttaumioro a unto.... js
.. Harnsdale Class R... 39
8 Barrett 150?;
Hntnpllnn Mining .... 1
Bethlehem Motors ... 31
3 Bethlehem Steel B ... SO1!
. Booth Fisheries. 8U
. Hkln Haptd Transit. It'i
. Bkln Union Oa 19
.. California Petroleum. 28 n
T California Petrol pf . . 8714
10 Canadian Pacific, ... 113
. . Case J I 17
.1 Central Leather C5
7 Central Leather pf... 99T
10 rhandeler Motors ...100
4 Chesapeake & Ohio... 51
. Clil Mil & St Taul... 32
rh! Mil & St Panl-pt. 40
7 C'U & Northwestern.. C7?i
CM P. I & Pac 3.1.
l,.o Cli.no Copper no!',
1 i-oei-Cola 1 3S'i
r. Column fias & Clcc... 53Ti
1 Col Ciraphophono .... 2
fl Consolidated Cigar . . 64
7 Consolidated Gas .... 78V5
2 Con Interstate Cal M. 13H
3 Consolidated Textiles. 33 yi
7 Continental Can'.... 82
j Continental Candy ... 11?4
4 Cora Products Rcf s 94 M
2.30 Cosden & Co 3.tti
8 i-rucltile Steel 147 !S
.. Cuba Cano Suear.... 43js
7 Cuba Cane Sugar pf.. 79
7 Cuban-Amcr Suffar... 54
9 Delanare & Hudson.. 89
10 Del Lack & Western.. 200
.. Denver & P.lo C-rande 4i
Iioiiii- Mines 9Ji
.. Klk Horn Coal 3t9
7 Krle 12
.. Trie 1st pf 18J4
.. Fairbanks CO
8 Famous Players-L ... 7914
8 Famous Players pf... 8B3i
3 Flsk Uiiblier 32 'i
.. Friction Texas .... "V7U
.. Huston Wins & Wig.'. 1215
8 General I'liemk-.il ....173
7 General Clear deb pf. 83
8 General Klcctrls 140!
1 General Motors ctfs.. 23?j
. (ten Motors Itlishts ..1 li
0 General Motors deb.. "ZM
7 Gen Motorn dob 1'e . . 85
C Goodrich B F C3
7 Great Noithern pf ... 70',i
1 Great North uro cttr. . 35 Vi
.. On en Can Cop 27 li
4 Haskell & Barker Car 73Ji
1 Hupp Motor Car 18i-2
.80 Indlahoma P.ef 7)4
0 Inspiration Con Cop. . 52
.. Interboro Con Corp.. S'-i
.. Int Con Corp pf. . . . IHo
7 Intl Harvester Nov.". . .131'i
. . .Int Mcr Marino B"5l j
a' Int Mer Marine ti- M'.t
; lot Motortruck 1st pf. 70
.. International Nickel .. I7U
.. International Paper . 74 Ji
G Inter Paper pf stpd . 74
Island Ull ?
3
40 ft
n
92
224
39 !i
90H
138K
44J4
1134
90
SOU
11
83 i
0Si
18V4
J3
50 X
1S3
88 U
93
S6',j
54 i
95 a
541i
si a
73Ti
fi3
159
1104
30 V,
39
14714
1
21
88
8!!i.
10?s
4
-015
r.7
112 i
17
85U
09H
98?j
51
SI'S
4H'5
CJ'i
T5I',
30i
S3 '5
53
28 i
04
78
li
32 S
S3
11J
94?i
33 U
144
IV,
78'.
3'i
87
199
'
ri
"t?4
12
18Ti
CO
77
St.
32
22',
12
173
83
14 0S
22 "
72!i
81
CU
Uf'i
r.f i
"7 vx
71
10'i
7H
52
?.Vi
lltt
130U
zm
8811
70
17!i
74i
74
!'4 6
42 l
ro
93
334 4
30H - H
90 H 'A
137H 1H
44 V4
II?-- I,
S9V4-I'
88!4-
II
8314
23 ?i -!.i
69 K- J4
1M 3
80H V,
3H 14
804
55
l
C -f
11?;
.73J4
f3 - VA,
159
11BJ4
30 J, -
39
2t
88K
8H ,
10H-
49-1
2914- t!4
0714-1- 1
V,
114
' -14
!4
14
14
?4
"4
!i
113
17 -
85H
00Ji
100
51
M14-
49 4-
07!i-
33 "4
noii
3.14
S2T la4
2s;; 4
04 - 1
78 3
is a
35H Ti
83 - 1V4
Ui- ?
P.1 VA
35 n J- !4
14714 i'A
53 '4- 1',
78 tj- 14
5.-.'i- 14
so 4- 2
109 - 1
.- 14
9'i ..
21 ?i- 14
12
isji- 14
60 - I
79", ?M ,
SB?; -' 3?
32 i
22'- l'i ,
I3'i I
17.1 - 1 ,
S3 ;- 1
KO- '4 1
22 5
S3 - :
62
6lj I
3.1 1'
17 li -71
-
1014-
7h
52 3'4-11',4-r
131 li-31?,-88
H
79
17', -74j-71
6!,-
Salcs
300
3Q0
800
10O
too
1800
390
3500
800
4290
700
5C0
too
800
10800
99
300
300
3000
109
3300
409
100
390
too
too
3000
300
8000
300
1009
200
7800
400
8800
300
100
3)0
100
00
too
400
300
300
10C0
100
Dlv.
in 1
Jtlch
1 St Joseph Lead ltt
. . St Louta San Fran.,. 31
.. St Louis Southwest,.. 1114
. . St Louis Southwest pf 33
8 Scars-Itoebuck ..203 K
.. Sinclair Oil 3114
0 Sloss-Hheff 08?,
0 Southern Pnclflo 93
.. Southern Itall 32 5i
7 Stan OH of NJ pf,...10tl4
4 Strotnbcrg Carb 7114
7 Studcbaker 7014
0 Superior Steel 40
.. Tcnn Cop & Clicm.... to
3 Texas Co 4.114
.. Texas & Pacific 31
0 Tex & Pac Coal & Oil 4(t?
0 Tobacco Troducts ... 6714
.. Transcontinental Oil.. 17
8 Underwood Typo , ... 173
.. Union Oil 3i4
10 Union Paclflo 113
10 Union Paclflo pf 6314
4 United Alloy Steel.... 4214
8 United Drug 119
12 United Fruit 300
3 United Ilotall Stores.. 76i
(I U S Food Products .. 67
8 U S Ind Alcohol .... 034
..US Hcalty & Imp... S6J4
8 U S Rubber 94 K
0 U S Smelt & Ilcf.... 46
0 U S Steel 0314
7 U S Steel pf 105J4
6 Vanadium Corp 94
4 Va-Cnrollna Client ... 75 14
3 Vlvnudou Ino ....... 18
.. Wabash T.r 714
.. Western Maryland ... 914
4 Western Pnclflo 3C34
7 Western Union Tel . . e3
4 Wrstlnshouse K & M. tH
2:S0 Net
!.ow (NTtm) Che.
Wheeling & L E 0
4 Whlto Motor 50 'i
1 Willys-Overland .'.... 1834
8 Wilson & Co CO
Ex-dlvidend.
100 .. Iron Products Corp.. 4434
310 2 Kcnnccott Copper ... 2!4
390 3 Kejstono Tlro,& nub. 28
400 0 Lackawanna Stpel . . . i73
3.10 s Leo P.ubbcr Tire 2U
200 3.30 Lehigh Vulley 41
1000 2 Loowo & Co 20''j
4(0 .. Loft Corp 10
200 12 Lorillard Tob ....... 13l?4
460 7 Louisville & Nashville 08
100 . . Mnxwell Motor 3314 .,
too .. Maxwell Motor 1st pf 4015
3310 10 Mexican Petroleum ..1"
150 2 Miami Copper
14 H
33
30334
31 Si
6814
014
3314
10034
71 A
68H
40
93,
43
38JS
4614
6714
1014
173
31(4
11374
6314
4314
119
200
7614
C6F
9114
65 J4
1314
66
91 14
105
8214
75
18
7'4
9'4
201S
S3
494
0!4
50
18 '4
CO
15K
U
33
3C33,
3
3314-
10114
7114
69J4
50
034- 14
45 - J4
384- t .
4634 ?4
0714- 14
16J4 H
173 a
33 B
1I3J4- X
63 Ji- 14
4314- 14
119 - 3
300 '3?4
704- A
C7 34
0314 1H
J5?i- 114
94
661
9214
10514 34,
13
75 J4 ?4
18 - 34
714 -.
014
2614
83 4914-
9!4
60
1834
60
44 34
M14 .
28
73
NUliu
I UKUUP
1
LAGS ONTHE CUi
North American Ftilp Only Ono
on List to Show,
Activity
New -York, .Tunc Kl.-Xoth Ameri
can Pulp continued Its upward move-
on t. being heavily traded in at i'h
"ft 1 . . Mi. ...AMiHflnr
incut
to 7fii. nmi win Vim tnnit nrominent
feature again today on the'llroad Street
Curb. So fnr, no statements have been
made to nIiow the incentive for the
heavy buying that started with the
bpRinning of business yesterday. Other
industrials were quiet and slightly
lower. '
Aetna Kxploslvcs and Car Light and
TIeat were botli unchanged in their
trading position. Submarine Boat
showed n, firmer tone,, rallying from
12 to 1ft. United Itelnll Candy was
steady, with trading at M'4. ,.
Petroleum tdacks were generally
lower. Hlmins sold down from 17 to
lGVi and International Petroleum was
traded in at Soft to 35VJ. White Oil
was steady at 3091. m
United Drug rights sold at I. There
was n moderate amount of business in
United States Steamship at the un
changed prices of ISVi and -.
INDUSTRIALS
14
1".10 1.60 Mlddlo States Corp. ,
2014
3014
4114
13
24 !i
40
3'i
7414
9234
6114
C.300 4 Mldvalo Steel & Ord
107 . . Minn & St I. new. . .
700 . . Missouri Pacfflo
600 .. Missouri Paclflo pf..
100 s.50 National Acme
3700 .. Nat Aniline & Chcm.
201 . . Nat An & Chemical pi".
400 ,- Nnt Cloak & Suit...
1300 10 New York Air Brake. 10014
too 5 New York Central.... 08
ino .. Now York N II & II.. 28 li
500 7 Norfolk & Western... 87
400 s North American . .
1500 7 Northern Pnclflo .
3)0 4 Ohio Cities Gas...
310 2.50 Ohio Fuel Supply.
300 .10 OMr Prod & Itef..
i
740
590
5000
400
200
I5!0
100
400
C01
1100
"..110
313
8 0
110
310
100
".10
210
1310
C411
noii
10)
7')')
'090
"4)0
3790
5034
71
3s;;
53
4!'.
6014
.
10?.' 4
H.134
32
384
3415
3C
?314
4214
6 034
16
61
4 Paclflo Hovel Corp. ..
. . Pao Tel & Tel
0 Pan-Amer Petrol . . .
7 Pan-Amer B
4 Parrlsh & Bingham. .
3 Pennsylvania II It....
. . Penu Keahonrd Steel
. . Peoples Gas Chicago.
. . Peru Marquette
.. Phillips P-t
. . Fierce-Arrow Motor..
. . Plerco Oil
a Pittsburgh C of P....
i! Pittsburgh C of I' pfd. 8554
. . Pittsburgh & W Va.. 27 '4
1 Pond Creek Coal 18
8 Pressed Steel Car.... B6?4
8 Pullman 11'J
3 I'unta Alegre Sugar.. 10314
1 Itwy Con Cop 1014
4 IteadlnK 3M
1 Beading 2d pf 42
.. Keplo Steel 83
0 Republic Iron & Steel. 02H
. . Itepubllo Motortruck.. I8J4
.. Itovnl D N Y rets 11314
Afln.i Bxploslvcn
Ilrlt-Amer Tob coup..
Columbia Kmtrnld ,,
Ctcneral Asphalt
Chicago Nipple ....
C)rnp Oik
Orte OU nref
Cloodycnr Tire pref ..
Kystone Solothcr ....
I.lirnur Coul
North Amrr Paper ..
Perfection Tire
Kudla I'nni .
K.idlo Com pref . . .
Hrnublle Tire Ilubbfr
.iilhmarlne Doat
Tlmf Square Au'o . .
C Itlcli Hpefd Tool
I S 8tnmi!hlD
niterl Drug rts w I. ,
united Picture Prod
Unlttrt Profit Rharlnir
Lnii'A llelaii uanay
L
TfJAIlfn Oil
' AIIIcd Oil
?4 Arli Nat Oa rtn.. .
11 floston Wyomlnr
.'? ''oRden t Co
' Tiomlnlon Oil . . .
I Klk Ilanlii 1'et ...
Knr:lnpfr Petrol .
. . t'dral Oil
1 I Glrnrork Oil . . . .
Ourrcy oillapl . . .
Itudrnn Oil
Int l'elrol
Kay County Qaa.
Merrltt Oil
Mrxlcan Tnn . . . .
"mir up
Red Ho.-lf Oil
Ttivnl Ilulrli rls .
Pimm, Pet
Slcrll OH
Stip-rlnr Oil . . . .
Texa, Raniter . . . .
1 rnpiexl lip
Un Tcxn, Oil .. ..
vietiirln "II new .
Vulean OU
White Oil
Roy di Prance . . .
HlRh
. in
:
; si
. RJVi
. 13',
Low
10
14'4
7
3H
i'H
87
n'i
13. it
2', "."il
t I '.
a' 2'
2H "JS
is 1254
32 32
32 ,314
2S 2'i
1 t
IS 1
i; in
14i 14'i
INDr.PENDKXT OILS
28 23
11 1'4
ini,
R'
214 2
lip. 211
111'.
".
I'M
p. in.
10
144
'?
72 U
87
13'.,
h
"n
Vt
24
13
32U
32
2i
1
IS
li
14
2)
no.
fV'
VA
',
Ii
10U4- IVi
16H li
3254-'- 134
4714- 3
3.-.V
1'.
131,
in
Ti
32
17s.
'.
19
ai
20
l.
2.
in'.
0'i
a
20
. 'i
2U
MININCI
AlnKn-Dr I'elumbia
American Mine,
Atlanta
Tlti; t.cdB
llonth
Iiii.tnn K. .vriintana
Cnlfd Jlln
Cniinirt S. Jerome
rinil!ftrh Mln
Cre,on Onld "
Crenent MMcNamara ....
Iiutidee Arizona
r.l Salvador
lurekii l'roeua
Pnrtv.nlne Mining
(olden Gate Ixp
linlilfleld Conn
C.oldtl1d IJpvel
fSnliWeM Kewnna
Coldlield Mersrr
finliincld Silver Tick
Great Tlend
Iteln 'Vtlnlnir
Jumbo V.xt
1 Knox Divide
I Lnnl.tRtlH Cn
11314 13i MneNninara
Marsh Mln It
Murray Mos 7t
. North Slnr n
.&'
10
;t'
'4
ins
iS
,nfi
U
i'.
"
1ti
n'i
1
1
1".
14
1
4A
n
G
,'
1
i
n
n
i"i
114
1
t
4
n
0
&
2,
20'
"I
ir.15
in
.!.
3,1;
m4
1
2l
I'll;
OU
1'4
r.'4
11
2.1
n
:
n
ii
114
8
1
Ai,
n
o -
National Properties Company
Bondholders' Protective Committeo
To the holders of the 4-6 Secured Gold Bonds' of
,f National Properties Company
Owing "to the fact that dlTldend upon the stock pleflgcd to struts
these- bonds and which would have been paynhlo In ordinary courno
upon thoNnfleenth day. of June next, lias been passed, too National
Properties Company will bo without funds to pay tho Interest Otis
upon July 1st upon Ita 4-fi secured bonds, and dofault in payment
of Interest will occur upon that day. It Is necessary for the proiec
tlon arid assertion of tho rights of the holders of these "bonds1 tnd
the conservation of tho value of the security pledged that concert
and unity "of action should be obtained. The undersigned have con
sented to act aa a committeo for this nurpose and for tho protection
of,th Inleiest of nil of the holders of tho Bad 4-6 secured bond
who shall become parties to au agreement which naa been prepared
ilatedJuno 8th. 1920, an executed copy Vsvhercof Is lodged with thi
depositary hereinafter named.
Holders of said bonds are requested to deposit tho same with the
Pennsylvania Company for Inanrnneea on Lives and Granting Annum,.
at Its omce. B17 Oliratnnt Htreet, In the City of Philadelphia, th
depositary named in tho said agrecrnent. not later than July loth, 1920
ut threo o"clock P. M., when the right so to do will cease. Said
depositary will Issue transferable certificates of deposit therefor. Al
registered bends must ba accompanied with proper trar.sfcrs thereof.
As soor as conveniently mny, be. the committee will prepare a
plan and submit tho same to the depositing bondholders, who will b
afforded the opportunity of withdrawing their boms from deposit In
caso of dissent from tho plan. lt Is essential that speedy notion ba
taken and the cr.mmlttee urges upon each bondholder the necessity for a
prompt deposit of his bonds under the agreement.
Copies pf tho Deposit Agreement fpay be obtained at the nm.e
of ths Pennsylvania Company for Insurances on Lives and aratitin
Annuities. . ,B
Dated Juno 8th, 1920.
Li. J. CL-ATIK. Secretary
B17 Chestnut Street
Philadelphia, I'cnna.
F.VAN nANDOM'H, Chairman.
JOHN OrttBBEU
ABTJlIUIt V. MOUTON,
JOHN J. msftDisnsoN,
a CLAItENCB MltiLETt.
Committee.
VltlCHAnD, SAUL, BATAHD &'eVANS.
Counsel.
II
I
Opportunity
Today Seasoned Railroad Bonds yield more than at
any time in forty years.
Of tho thousands of issues outstanding which shall
you choose?
To help you in your choice, we have spent years
studying the leading railroads and their thousands'
of bond issues, and we know the income return from
nil of them at today's prices.
We cannot only tell" you which are safe enough for
the investment of your funds, but;
We Can Tell You Which in Our
Opinion Is the Safest One of All the
Railroad Bonds Returning 6V, or
7, or Any Other Per Cent.
If you want the best, not the 4th or 40th Vest, can you
afford to do without our services?
BROOKE, STOKES &CO.
Members Philadelphia Stock Exchange
15th & Walnut Streets
Philadelphia ,
102St.PautSt.
Baltimore
, . U He a number of price elmnses ,e--'-(red
in lodav's lenl market served
o piiiiiIip-Izp the etreu. tliMilies. f
the market o eithi r the bin in:,- ,.. ,,.11
in? -ide. For the prnii-unied narrnvv
ie of the t radio? :tn the market there
i no need to look further fnr P pnne
thnti tb" monev miirLet .onditioni.
Alilpy. in M) far n- ktoek mnrlwi n...
Philadelphia Markets
Financial Briefs
Commodity Markets
23 2.1 Iiu.liel.. Mlr
'ni lern. n rport i ir-
Hemphill, Noyes & Co.
.J Jin Oct s A t ii1 nrh .S'o. i chat'ur
franklin Bk. Bldg., Philadelphia
WHKAT r.. elpt
kit lnr'K tieniina'
vntoi- .No I
winter, ly n.-!
i.arri i nier. 3. No T r..M winter. 12 117. No.
3 hard wim-.r. $.!7. No. t n.-d winter 12.13,
POininodnllntK were enn n.,.l ...... ' . , O0". ' "'ru w",wr- 3- - " rid wlnier
,, '" "i .ii-i
turilli nn itnl'iin.. .. .1.! T. . t .
......... .... ., uilllK. II I'OIIIU ,.. nr.lln . ....,,...
' The average price of twenty active
industrial fIocUs declined 1.10 per cent
nt 11 ..t. 1 1 . ,.. n.ito piilleniilu ilnnl liinil
..I .,, fl fit. V . . .(O 'U. D, lVllllf HSII., ! ""i H1.VIMI1-.
d .nt-r J. 03: .N. 1 i.a.o 0 , 703).
N" 2 red vvh.tei" 1.1 N j
COTTON MARKET
York. June SI.-TIip cotton I J"""'"' ,' 3j',"r
nocheter Mines
an Toy
Silver Klnnr of Artxona
Silver Klnir Divide
Tonopah Itelinont ... .
Tenopur fash Ilov
Tonopah PI vide
Tonopali lint
Tonopnh Midway
' S'l. No. 3 linrd "inter. I".1-'!. u n'llc
New Vorl.
not be bad ut any price. Thi-. ut len"t.'
was me le-umnnv or some of the lend-
in? mi
mill loa
..rti. ....ii. .r :.. ,i. v.... 1 ...1. ..
and gluil to pav the Iml-Ii cull vale In'i.,.." ..." ...
ViPHHlAn nuilml . . tl .... ...... .1...!....
.v,..,,wm uiiiri ii ,-1 i uf jMi-uiiiiuniKiunn. iv'r tjnn .
io,iM iii.ii hi in mock marKrt loans nre
Now
murkvt this nirninz Iziionil uiitMrlo Tononnh Miznih
news nml us COVPrtird wlinlh bv Tonopali Mnntaim ..
... . . . ..' Tnnminti 1lUPtlA Tallin
. .. i. i. . i. .... r..A.i irniiinnp niwi nrnn iwii inno ininii ti.iniif -. : .---:
I ip ."evv mrn
.in nt tr..v .1...
gd.'.vnv iiijiii in.- ...ini... .. v - ... ..-,' .
Ins a each net Rani since rriuay
ti'.WUU" rnlo ill n.ll-ls (if Alnli.-lini nml Tnm. Wllhert
Sioik i;srhaiiRe lui wlifelt (javc tip lo fe.ir that today s "
iiblrrnsury gnincil weather and crop ndiier.s. mlviincinj; t"ut7d I.aMcrn
banl.s yesterday, nial.- from ."i to .'!." points lit the openliiR. i victory
Baln since Friday of ltH phcf j,,,,,,,,.,, Wls rflHlrtPj heavy Mvlllt? Cap" Ei
rain In parts of Ahilmnii and Texas, wiibert
. .... .. ...... , .i.:..i. .,.. .:.,. ,.. r.. ., ii.. ....i...... Verlnston
...... .,, ,., n ii , . i ins. in iciisi, l"u!V l'eelnl ,- -,. i , , o . I I "e evv 1 orii .-HOIK l.-vriliillKl- litis 1.111111 (," i-'- i" If.lir null nillll.l B - .
ip testimony of some nf the lend- . ' vl ' """ s-eadv at rfcixe,i n0tlee from i:lt-otrlo Storage i weekly crop and weather bulletin inlKht , . ,
u-es on the street. Several who Vie.V ? . ., .',"'', l" !'"l" ",u""i?" "n" "" "" r- ' )r(.,Ve.,l,1i1S;-e,lBCt!n V',,m" ' '"' be so bearish a- had been expected. ' 'i'ln T'l"'"" of ''i
inn. .ailed, vver- compelled to i ,l,-1'-M "- ler for N . I ,,-1. ,,io stock from 17 H12.500 to 29,!1J.-, T, lnost conspicuoni selling at the niHTs ".. .. .T.
The New York
li
t
.pi
T,v
n
1A
ll
7
1(1
12
It
3
n
n
S
3
It
7H
a
12
A
in
n
i;
ti".
ii
a
to
12
It
. 11
7H
II
1-
A
4JJ
n
1'4
1.V
1l
7
til
12
11
3
n
n
ii
3
DOMH
..DO bunheln -endliy
.ine. Or loti u, to Ins-i-
i 500.
start was a Int of ."IKKl bales of October. Kenneeott 7; . . . ;-i;
nary assumed to be for .Japan account. iTJa c'o'Vl".0. ..7?:
I.UYIT1UK iiiiioiiK iiiciii trailers was on went Klrc . t..
. B2'i
till)
113
. cm
. H7'
:
nil';
nr.
17i
0ss
02'.
ino
03
ft-.
7;
os
MUNICIPAL BONDS
at prices to yield from
mi
to
Free from
Federal Income Taxe
Dcsci'ijil ii c Ciirvlura n Itrqm-ii
E. H. Rollins &. Sons
1421 Chestnut St., Philadelphia
Dostoii fn Vmh Buffalo
Albany Chicago Sun Francisco
.Most of the list showed n rcuctlo
An.l..mt ... ,1... ..linn np nn,, in 1 1 1 !i t Inn
! .. , .. tl i,r. . nn . n I It-IIWl'lll.. .1, .,,,- M'I.IIIIIK - - -.. m . . . m ... .. w ..
ll.3Mi.'i2 N. 1 nhn. i "ini .,,"::, or uxer-niRni siuriR oriier caus-u recHB-i ii i-uiiaiuciiiun- .cmc IIIM imp nsr rose ,
reported to iie called in tlii. citv in the. "!"'" i -"6' 2. ' " alons runnli k nom n fraction to nearly ;;s to -in points over last night's closius. LONDON STOCK MARKET
In-t few .hi., and in each 'instance i n-. ,1 '!," .''"U 3o,!,i '""l :,nd - 2 ,,olnta '" ini,"slrl"ls- Cables were linn. ,
brokers w,,-e lompelled to appeal to-uo,':.TJ -- - fN'.T. tlmel ' Q.Hln. Cl
their Xt-vY.ul: offices or con espondents Jw11.-j-i..f--.fi int-r' .rsiVt. 'Vsii.'n' , DIVIDENDS DECLARED t-i ise nnen "n?' .l'13,0 , Oil Group Lacked Steadiness Gilt-
for ,,rent -elief. niMnur0.,;' ? (K'iIS i:iBm Nat...n. iv ... h .-..,.. a, .p,i of 2 ;b,V &;,' Ti,'i sli's 3'! 'fi ! Edged Investments Flabby
I. I I,. I I 111 II II Will II f ,f l,ll.llin.d ,lf... A l.ul.lll t , I --. I . A . .. . " .r,..J r.. ..!.!. ,... I I.. ..n' nf ri.n I'llWUI . . .1.1 ! . .1 , IIP ,, I . ll.f, ,11 I . -
,,' ,' "', -- 'i,i "-", " Miriim iint H.ar. iM.75P.r- "'''- .u.u. - ........ ... ,.-. j,ccompcr ... as is r2 r.7 .".J.7H 32. .17 I nn.lon. June 23. dp lieers snares
was small, anil while the trading was '-; '" '" -'-''i'i'. liJ',off I4 " "n ;iiwi I J;" -- ,,... .,,,. c January . .. 31 uu sal:; 32 is -ero heavy on the stock ejehnngo to-
generall, in .mull lots, there was an KSiS'.Vn1, f.;-,;,u1;p;f13;r f"I,,Jf0,,, f.1" I nu?iir? W;-,,.", '5-V ;?',:r"eJL p-iwi " J il7" day. being quoted at Snv. Selling by
I imiisiiiil enil, ilislribiiti.iii of the deal, flour IPJfi 13 '.1 ' ' ' .f,.iv 1.1 ih rrcinterrd June 311 T'nrln nffsnt ft bumper dividend of 30 n
ings. At least, a larger number of
local st.i.-k. were represeiiteil than for
I'liov l-
liei-f in -
Knue'vl.-'.
s.. -Meinii h,!d Qui titpins
MM.i'iMii and nlr-.lr..l, ,"ir. Pei f
I'.Hjei", sniokei ,,..,1 ar
Mime time, and unfortunately this'dri.'i '.' irk juniiij. 7. . hum, t.
.operlicial b.ondening of tlie tiauu-I -Si.'." .1". "...f L
timis was the eieiise of values. i lli-.i i,,i.,.k .-- picnic houldrii. s I
Keliecting the thin market. Amer- ' ',''r''1, ,,, "' '-'r"' .,tn Mnuk;d gie. bn'(es
GRAIN MARKET
CliicaRO, .Iiiiio I!-". -Keniniul for corn
i'-nu Stores preferred declined
trout the last previous sales to '.lO'.j
l.lectrii" Morage liatti'r.v on limit.'
c , -I. ! ' vl viia'
.-. i. ... i iarf
2.V. breikfadt l.Mion, 33c.
Ill rri.l! dy. I'ollowlns are the nui-ilon-
s0 1 1 pa.-ke.l .reameo, fan.,-,
,v . tii c a. i tiit " "'- 'iv jitB-r. f irnt. .i'p'
- i'i .-- .. -." ... -,.. . '-i-; Miii.ir. iiriw. al vVir: mc.
S I rum tin' rM'ont top prii'O. On tlio r"lH ,, '?' wl rrenmcrj holco to
oll.cr hand. WW Jersey and Seashore 1 J' '., .-'I-,," 0rBfat,i;0uT.dMt,,3l7O
en small liu.ving orders ndvnnced SI to H7 f. r ' r .hoice '
."IT. , ,;;''! r " '" fli.nly hold Quotn'ton:
Some erfort was made to galvanize JV, XrW'&u'uaiu?"!-
lli-w I lie I II I ii l lie l .Hive .Uie 'I "l 111 nii -'"' o i u, iir lit, i.ie. rsiern ".Ira tlrsta
'' te'n nrhtH. Il'lH-l'.i. i,,n,l. t.n,l
3'ittlc. selretfil fresh fuea Job
.illf. "si iiflr rlozpn.
.'Ill -vF Stei.il v "h demand fa.r. Quo
.Hull. .M ftlt vln- whn!fL.mill.- flnl.
ntwm issues nil in ilenn I'tlil-n of tliei '
.... ..... , .. .. tmiir
president ot tile compati to f.urope to i,,,,L
li up matters with the hngllsh homl
holdcrs 'I'll.' movement fell tint, al
though the stock was lifted to l.'l'i and
the income bonds 1 per cent.
eifdrrjun''"i vaiM Ju,y l to "t0:1 resting orders M- were reached on
imoi".rii Teuar.,", i-o intrrim dividend ot the decline I.trgir receipts nnd lower
in nn ordlnart Knares. paatie cnsil premiums, cuipied With flivornbic
Hi. IVer. .'nnrolldated Mine. I.td . a dlv
dend of thlr"' hlllln ptr share le tax nn
deferred stoil, for ill" half car onded
June 3n. .,..,..., .. .,, I coiitinucil poor thi- uinrnltiir and. un
Anieri. in riuno in i awn uniurnu di i ? . ......... " i .n- , " ; ,
ner ernt and ntc-k dl.id-i.l of 3 P'r cent I der renewed .elling b commission
on i-oininuii mil imarterij of l". per cent i house, the nuirU't opened weaker. Some
on
of
1 Vi per
.Time e
Steel Co nf t annda ouarterlv of l'-a per
cent en tonnnon and !'. per cent on pre
ferred ,,iable August 1 to Block of record
July in.
Kim Ian Pulp and Paper Co . nunrterly of
L'i n-r i ent nn i nimuou. in.Mild" Auurt 15
to fi k ,i of r-er.l Aiiku" 0
Ancle- Mnerltan Oil Co.. emlannual ot
three i.h liiniri. a rhare, freo of tax III the
feind Kiii.-dmn
l'i'in-i. ..nn i'o Vetrn Lines l'cnn-
pi i llilpead .valeml. UKlI'll 3 Per
eeio f ,r Hie fliKt nlv montlis of vear, pay-alii-
Juie :in o. mock of record June 23.
2sfl2e sprrlals hither, ilo. nv
' t fr "'7 na.e vhnle-nillk. current
FOREIGN EXCHANGE
New lork, June 23. .Sterling was off
Philadelphia Stocks ,
WANTED, $25,000
For One Year
10 Interest
AAA Collateral Litted Security
100rf Margin
A 617, LEDGER OFFICE
1 31 Net
Ilic'i !.( D in he
lsil Alii Insnr 1M... L'I'-.. l'i..
.'11! Am Sirs.. -H Ill's "1 1 -r-
r,(l do 1st pf HO'.'. SI0',i 00'i 1L
Jli Am Cn.. I'.T1 . :!7 :i7'i...
S'.fl Fp Star. 121 120 120 --2
r.i i ro x a nn' j an i, r.oj-r ',
21C. Lake Snp i:ia, ll'.i-t V., -i- 'L
111 T.eh Vnl. 11 II -11 's
Slalinnliic & Slirniinu-o It. l.t.
Hhurrrr (III & Itrf Ak. Ifl.'U
IVe.t I'e.inu. I' As. lull!
Amrr, I'. 4 l.t. fl. "MiB
l.rhlxh I'. hrt. 0. tn'7
Ueorila lttv. I. 3. 1031
3. 1WJ0
B0ENNING, GARRISON &C0
ttTtirii r..iii(iiJ nrii.iHNn
lllrcel 1'rlvnte Trlriilmn In r
.Meuilitra I'lilli. SI. 1. 1. l;vcli;i
rvv Vork
mi
An Unusual Investment
Yielding 8.64
Circular Upon Request
NAULTY & CO., Inc.
Flanders DuildiuK
PHILADELPHIA. PA.
Frederick Peirce
IION1IS O ft I.WKHT
rOK OL sO. 31 K.N T '
Ull Chotaat rirttl, rhlladelphls
."P. i'a it n.. :irr, n'i r.i -,
1 l'a Sail.. US (IS (IS . .
200 I'hila Co
cum nf . ::pt .".l'i .11''1
2i.". riiiin i:iec 22',, i-o "jim,.. K
10 I'hila 1T ID Ill 10
IS" l'liilaTrnc r.0ls .",0 .1(1 ',
10.1 Tono Mln 1 'ls 1 . .
:::io r ; i... 12 -12 12 4- 1;,
1 W Jere.S :i7 rt7 .".7 --1
Sale. In IIONOS 1 .11 Net
Jllllln Illsll Ixiw p in ihge
I Am tins it
r.lec .I.... 72 72 72 . .
2.1 Lake Sup in
.1. .12 .12 .12 J-l
1 Lehigh Vnl
gen Is... I.I 111 (ii .,
1 do con -l'v-s
200.1 ... 70 70 70 1'
(1 Lehigh Vnl
Coal .is... fc.1, s.".', s,ii;i(r;
2 do cons lis 112'... H2'-.. 2a 2J
1.. Lib ll.inds
!... f..r
tiffi run
II ..I b..l 27e. ininmoil to Jiioil. "SnL'lIe
in - .slew ,,r riiiiev he il i-r..Hu nniieri.n . , i ... .i... ...(,..,
I.I i- MiciTPV-rki, I.. V.nV..' inoiiV, ' el" "' '"e openiiiK ui me iuhi..
.'. nV,no1S,oT;.lrr3Mr13V.fu'.ni0",,'i:: i -K markM and the Lat In ox-
r.imy vellow -skinned, no. IxKhorn I ' bangfs made largo overnight advances
u-i nir I'j5i2 Iba apleie n.iAiTUc welsh- Th. .le, line In sterling was itttrlbirte.l
)";, 'i ' "" ''"I".': r':''',i- ,Vnlt" !'"B- here to the buying of dollars In London
'.""'" brollera vwliihlnn I'tffS lb. apleie, ',.,',, ... ,r,,,-.. '
.''. ".S. B.naller ,. 4nfrl,-,e; old rno'l-' "'f ' r. tr,"a , .
- .-.'Tigae. .lucks. 3032e. nlKconv old,, Quotutlons were ...
p.r pir. I31(33c. do. vouna- 40e. I Iiim.ind stelllnc 3. OR. cables 3.08 . ;
l-HKSHKU rol'I.TUT Fowl, f renli-killed . franc, tables 11 CO, checltH 11.C2 ", lire
bv I.'. kd. In bqxea weighing ta.l.lba l.i,i,. is an rheelcs 16 82: Hclglan
",:VhVnJr,"'',?i,ir?...:,ve..,1i-;...t,.!V.1rr"!c.Bl.l,s il 13. checks 11.17; Swiss cables
i. i.bl.7. drjVD,ck.,l vveishinir "tf.l Vbi' 5 4T- rhccl", o.'O imarks 2 77: gul t er
nee. i."(, HLlKhiiitc 3'n Iba . 4ii tie. oablfs 30, checkH 35T4 ! pesetas cables
eiiriilntr a lb . ,i:,:t7c old roosters dry-1 ir, 73 checks 1C.70; Stockholm cable.i
',' ! 21' . southern iJftSCe: aprlnc ducks, , , hecks 21.90; Chrlstlnnla cables
" Ilin.Vl'l I-nCIT.-Oranses. per box. 13 21 II-';'. '."Pcks 17.S5 ; Copeiihascn cables
S3 flmnefi ult. 1'Mnrliln. ner Ihiy. 13 fr
r. Pineapples, p.-r i rute, ;i r.r. ifT . r.n'lu-a
ii'.irma, tier . rale tl234i3."0 Wiiter-
iii. Ions, l'lnrlda per ...r I32.1f(7n0. Canta
loupes vvestirn, or stand.rd crate 13 SOW
,-trnw berries Jern per jt 12W38c lllmk- wele also easier. Franc cables wcru
lorries. North Carolina per jt . 22ft.'.' 11. 7D. checks 11.72; lire cables 10,
!ul3'no1'b,,rrlt" Nortl' CaroII"a" ar ut -'0 flecks 1C.02, and marks, 2.7C.
VEflKTAni.KS White potatoes, southern ' VIISTERDAT'S FINAL QUOTATIONH
per bbl No l. JOftll BO- No. 2. Xtf(7 Hterllnc Kranra I.lre Oullders
Cabbaso. southern. Der bbl. -crate. IL'fril ......i tent. ... in "a 33T.
' siuui... .cu., y-i it.,?. ,UWA
1 LIVESTOCK QUOTATIONS
(hl.asii. lune 23 HOOS Kstlmatrn r
.eipi 22 n(i0 head, left over. 1.1.713 lien
Jln.iv towi.'ie hliiher than jesterdaj's n.
lei-H.e till lft P-ld Averane cost Jesienlaj
tl.'. HI
. A l'i l,i:--Ktlmated receipts, ROOO hesd
1 HIIUI.I' Kitlmuted receipts, ll.oo.i n. a.l
17 no clieclia 16.90
In the second hour of trading, sterling
: r,ft 1 cent flom the ODPIllnir llllll t ?4
cents from the close esterday. Demand juh- .
was 3 !7, cables S.'J'3,. Other cxchatiBes Kept
Julv
Sept
Por:.
July
Sept
l.nrl
Cables 8.UU. 12 21 10.21 au Hr.i
TUDAV 9 OPKNINO QfOTATIONB jtlbs
Sterling Trancs Lire QuUderi "'',
3 ns 11 a.' 1.1 s2 a.vi
. 3 tis. II OH 13 80 3D
Nnon Quotations
Hierltnir Trancs I.Ira (Judders,
. 3li7. 11.7.1 In 02 3Ms
. 38J. 11 73 15.UU 3U
crop news, we-e the principal features
Cash com hre was nnlv .1 cents over
July, coiiiiniPl willi 21 tents n short
time ago. Sone authorities said thnt it
would not repiire vciy large arrivals
to fill up the iuiuir.v fnr the actual and
senil it to a. . livery basis. Receipts
were 2!!2 ear.
July opened at SI. 7s to SI. 77a;.
against S1.7'i', tit the end cstcr.lny.
nml Inter soul at Sl."Vi. September
opened at Sl.ti.', to Sl.U7'-i, against
.$1.(111' 1 al the. lose jpstcrdnyT and later
sold at SI.'.O's. December started at
(lats also were weaker in the early
trading. Coinniis.i.iii houses appeared to
be well supplied with Helling orders,
lteeelpts here tmla.v were 0.1 cars.
July opcn.il nt SI.02'. to SI. 02',,
against SI.!!.'!', at thp dosp .vesterdav,
and Inter sold at SI. 02 September was
quoted at M'j. to Si,c at the out
set, against Wi,r nt tl lose yestcr-
flnv. niwl biti'e s,.l.l nt c. ....',. r.
Vember was rpiotoil nt SO'f.e.
Heieipt. of wheat here todav were 1.1
cars.
I.. I'll 'ul II s r ihse.l s follow,
fnm n. . S " ''HUgO HlIU )
t orn n v 0 1 .r . Vest
mull l.uvv 1 p m 1I0..1
I .l.". 1 7l.'j I 7l"'i 1.7H'-.
I O'.". 1 .,, 1 iipfj 1 o-j'i
1 A i'i 1 113 , 1 nn5. 1 03 '.
siS s;,. sal, ss'r
31 .Vl 31 1(1 31 .10 84 4.
ail 31 30 .'.I t3t) 311 .30. 50
I Oemand
1 abks
1 Scp
U 1
.'II ll'l
j 1 :.7
is ..-,
Ill ,'tu
20 J J
21 33
!. l.'i
Id .'11
20 33 20. OS
21.33 21.02
1K.13 MA. 22
1II.2IJ 111 2ft
I
II-ITlSIld
ables
I I'lll.liureli, Juno
Linn head Hlxher,
heavy orkers
23 iror..y -neceii.!.,
Heavies SI .1 .".."Ifa 1 it
Jln.0l)17: Unlit jorkers
''i UHrjisr.nlB. pIks. ll4.B0W1B.in irurirla anil Hawaiian m uur 1
1I2'. 2si I HIIKIII' AND LAMBS Ileceipts. 3110 head I 'o. today roduced tho price 01
Market steady Top sheep, 1 10 2.1: lop 1 cane sugar from 23.50 per I
1 lambs I0.
Itll l'(H,, S.I.SI Nl.M S,,M .Otii CAI.VKH Iteeelpt
7 Vic Pin. . !.1.l!! 0.1 111! 11.1.00. 00 steady Top, $13
J I Xal'l f'roi.
1 (Is .... I I I . .
.1 l'et nit it it
temp ctfs 101' j 101 NIP,..
XM'hihiCoi-uu
1s "7'y 77'j 77'..
I'.l'hila Kleo
1st 5s.... S2'8 2 82H
200 head
Drop In Price of Refined Sugar
Sun I'riinclseo, Juno 23. Tho (Jul-
ifonrla and Hawaiian hiigap lleiinuiR
reuueu
hundred
,.ni-i,t ... 15.1. This Is tho tlilnl cut in
-Market I tirpe weeks by tho refinery from it
maximum of $20. B0.
4
I'jist lluirulo, N. V.. June 23 C.TTI H ' .., .
it., mm .nn 11. ui ii..,,,! .....up , , BANK CLEARINGS
fiUiii'rr inf. Ift'eO r7e'"'in "r Dank eiearlnaa todn compared with corre-
llOUSi llrcelnts. 40uO head Twenti Ova snondlns day last two je-.'" .,
.!,.. ...... ii... (in tvsii? . A.i. 1U2I1 lull. ivin . ..,.,..
11, MifW llieiiri "---i '."". ". eil.-l,, n.n.nan,ma Afi Al. ,11 t.ltflll..V1 ......,,.,, W,I,,I ,. ,.,,.., . ..
$17 23 Hunt JorKers. SlH'ill?-;.! piss 113 30 fnlla, ,.ui,.inw,mo u-3,-.u,."i. f ,.." ,vi.. .... . i,, ' miuic.i nt 1 ).
J i!i ?h. rousi... HaOi3.no bw.ibVio. iiitlraore 10,800.010 O.JOO.fllu ,;. l ?' Zr 'J "count rates, short bills,
WBIIKEP AND IMBa-.celpt.'800hd. Boston. ..,71.328,009 B7.J14.400 7,aT,Wlg Per cent! three months' b Is
fitady, unchanxtd, .. j,rhfcso., 107,804,911 87,19.305 ........ 0 11-16 per cent,
MONEY-LENDING RATES
m: Klllh- Monev on call, both
classes of .., liberal. ..pene.l today at 8
per ..i.t for hiidlng nnd renewing
' all, 0 per cent :
ommerclnl paper,
Villi. Mil. l.PHH
time, C pei , , n t ;
tliree to RU niOlltlm. f, r nnl
.,..., ni "''""nre merely nolmnalnuo.
1 V;. "W; l'Bal. rat" of "'frest In
!, r .'. ,, -"""yliaiila Is lUed at 6
SotfTun, IZnSrrTBy
- a5s is leaning . 8 JZ JSH?l
( ' a" from three lo'slx months
is heme off,,-,,. nt 7,t 0 g )(.r ccn(
1W
Wc offer as a sound investment
the First Mortgage Gold Bonds
of a successful company serving
a prosperous section of New
York State.
Net earnings for 1919 show a
36 increase over those of the
preceding year.
Coupon bonds in denomina
tions of $ 1 00, $500 and $ 1 000.
Price to yield 72
Ask for Circular 7326
Bonbright & Company
437 Chestnut Street, Philadelphia
New York Boston Chicago
Detroit
share on the deferred stock, malting BOs
n sharo for tho year.
The undertone .of the oil group larked
steadiness. Shell Transport was 6 10-32,
nnd Mexican Kagfo 8 20-32 Cillt-e.lgn
Investments were flnbbv There was a
(rcsh advanco In French loans, follow
ing tlio Doulogno conference.
A rebound occurred in borne rails.
Canadians were neglected. Argentine
end Mexican Haliwav descriptions were
firm. Kaffirs were limp. Hudsona Bay
wns 7 E-16.
Generally, the markets were dull And'
Irregular, j
NEW YORK COFFEE MARKET
vr York. Juno 23. A decline of 15ft
rels at Itio, together with continued
liquidation In July here caused tho local
market for coffeo futures to continue Its
downward trend this morning, l'rleea on
tho cnll wcro 6 to 11 points below thc
clo(.e or last itibiu.
Tho undertone of the local market Is
weak. It Is belloved thero Is still a
Inrge outstanding Interest lu July to he
liquidated, together with n disposition
shown In Brazil to sell coffee. Another
factor working against any advances Is
tho poor local spot demand.
Interior buyers are showing no in
terest In coffee, owing to the declining
tendency In futures and coffee bought
some tlmo ago Is still awaiting ship
rnent, although reports Rtate that some
Improvement In transportation has been
noted recently.
There aro some features in the market
thnt favor the bull side, but most traders ,
appear to be bearish at the moment nnd
the lack of a real bull leader bns made '
It difficult to advanco prices. I
. , n. ("v v time) ,
Test, close Onen 1 1 .30 a m.
13.S1S3 13.7HW73 MK70
i3.nmT7i i:i nn
13 7NHHU i;i..iHJi7n
nMM 13 7(178
13,88001) 13,b0
July
September
December
March .
May
Did.
dllllllllllllllllllllllllllllltltlllllllllllllllllllllll.
We will pay 100 and interest for
Lehigh Valley, Coxe Bros.' 4t,.
Illinois Cant. Eq.tTruit 4l2. .
Illinois Cent. Eq. Trust 5s....
Hocking Valley Eq. Trust St.
Canadian Nor. Eq. Truit 4.
Maturing
i .August 1, 1920
.August 1, 1920
..August 1, 1920
..August 1, 1920
...Sept. 1, 1920
in exchange for
American Ice Co. Real Est. 1st & Gen. Mlge. 6,
Hershey Chocolate Corporation 1st Lien 1'i,
Buchanan Coal Mining Co. First Mortgage Gs.
which wc offer subject to sale at the market.
Circulars and prices upon application.
West & Co.
1417 CHESTNUT STREET
s.
'.Members
riillH.lrlpi.il. Ftnrk Kxclmn.-e
New York Htoek Kxclinnge
We Aliiajs Have on llnn.l a 1. 1st of lllgh tirade llonils
IIHIIIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII.IIIIIrl
13 67
Raw Sugar Market Easier
N vv York, June 23. Tho raw sugar
market was somewhat easier with offer
Ings i.t 18 cents, cost and freight, equal
to 19 on, 1ml buyers do not appear In
forested. There were no sales reported
vfHterdav. Importations yesterday vvero
comparatively light, consisting of Dt.715
hags Maurltus. (1J00 bags of Brazils, con
signed to the traders, and 093 bags Peru
to the National Co. The ocal refined
sugar market remains unchanged both
ns to condition and l.tlces Telegraphic
n.lvlces from San rancisco report the
California and Hawaiian to, having
made small allotments In the Chicago
territory at 23.60, less 2 per cent for
cash.
Prices Depressed on Paris Bourse
l'arls. June 23,--I'rlces were depress,
ed on the Bourse today.. rr,'V,l.",r cent
rentes were lVoled.fl,iT7.fs35 ox:
change on London, 46f 47o; B per cent
fowi, tit 20c. The dollar ytaa quoted
at Hf 03C. ,
United States Certificates of Indebtedness
Wo recommend the above obligations of the United S'ac'
Government as si most desirable investment for funds i-t'1jerv!'f"
for future payment of taxes, interest, dividends nnd other shortly
maturing obligations.
Wc can offer limited amounts of the following maturities.
((ii'i'ov
iiati:
r2 7o
4a
at rittnw
to -iiiu.ni
434 Vo
434
6 ,i
IIATl'ItlTY
Sept. IS, 1920
Dec. 15, 1920 5'
March 15, 1921 S'
June 15, 1921 6 '
. Graham, Parsons & Co,
435 Chetnut Street
Brj;
1
1
I
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l:
r
Ir
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t :ii
?4t
X
1
So.
wAtei
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M.4
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