BWHEEB WWiiPft W'? WPPe"''' m,? .r V I: h . r V v . EVENING PUBLIC LEDGER PHILADELPHIA, FRIDAY, JUNE 3, '& ... Vf, M til 'rt ftfrmnii $rBP 1921 7 iJr ? - Electricity in Industry is the title of a booklet wc have prepared for complimentary distri bution. It explains bow elec tric power is revolu tionizing industry and transportation. Ask for Rook-let 73S1 Bonbright & Company 137 Cheitnut Stroet W. V .; rv : ,i i : 'K .. Philadelphia New York (hlrnso Detroit notion A Strong Public Utility icith earnings over ttcicc interest charges The Tort land Railway, Light & Power Com pany 7,4rc bonds can not bo called for ton vears and maturo in 1946. Yield 7.S5c,o Circular on request for T-t. The National City Company Philadelphia 1421 Chestnut St. Atlantic City Chalfonte Block 122S Boaidwalk OTIS & CO. Stocks Bonds Acceptances Foreign Exchange Member of New York, Cleveland. Boston. Chi cago and Detroit Stock Exchanges, the New York Cotton Exchange and the Chicago Board of Trade. Private wire connections with principal markets of the United States and Canada. 216 Superior Ave., N. E. CLEVELAND New York Boston Detroit Cincinnati Columbus Toledo Akron Youngstown Dayton Denver Colorado Springs Spruce 8200 A Nation-Wide Market for Liberty Bonds Victory Notes and Treasury Certificates sEcunrms department Commercial Trust Company Umb Fedirtl IUicrrc SyiUro City Hall Square Wett E. I. du Pont de Nemours 7 'is, 1931 MILTON HEBM6C0 STOCKSTOREIGN EXCHANGE BONDS " HBHBBWS PH ItAOeiPHIA JMOCK C-CHANGI! CONSOwlOATCO 5T0CK CaCHANGCfNt 1622 Chestnut Street I'honrst lli-ll. Hprure S011.2-S-1 Kryntonrt Itsre 1A0 74 nroaHxnv & 480 tith Al,. V, V. Stamford, t'onn, Nniinnllrlii. Ihiss. J" iirliy has no Investor ever lot VT of principal ur mttrrst on mis- Tlty lwusrtt or h. vv, (or our booklet 2-l Ntriui .t Co.? mill Imrn the W '' S. W. STUAUS & CO. 8tieli Kseli'inire lllilc, I'lillmlelnliH :: t .. -'. ... I r i'.s ii i ripiiu'.-v vr"! iiif. uriuN il' i'.itTNi:KHinr i .'4' AS VJflljpTiiL tITV (JES) 3 i -& ll ' lSKK II I We Offer a Bond I I rovring a well-known I ' I Philadelphia coin 1 1 n Free I II from all t'ennKlnnl i I i . I Htale ta nnd normil ' Federal Im-ome Tax to (III I field over Rv vwt tarn- I I lngs over threo times nil III WlDCNID DLDO, PHILADClfHI ' Aftmttn PMadiltkn tnJ ' , Aiw icfi Smi Lx(faitt S Kfw vsaa mmnw w.a. i ' arg t. rlsf ana tersasrieir : u ", n b, iiuunor Wi ue. Creditors took to I MONEY WAS m DIV. Sale In BEAR LEVER .100 ion 40A 200 lOOrt .ifln 3.10D .100 ?00 A0A n.oo 2230 2100 10.1 700 700 .100 400 ton o.ion too 1000 too SOI) .100 t.ion too too xoo 700 37000 soo tnsnn 2ioa l. too ooo Oil .inni) .100 too 200 t.MO 700 too 200 .S00 too too 4700 too 700 000 27O00 7000 .1(10 100 1 .100 I 4000 Industrials Upset by the Pass ing of Cuban Cano Pre ferred Dividend Sew York, .tunc .1 The rnltmnil and Industrial problem with hirb Wall street tins boon nrrstlliiR for nmn time were Me?tr,ic1ri in totlov'a M"rl. mnrKrt by tho unexpeetorl tlislitenlnir. up of the rail money niurppt. A mlelit b" evportcil. this exerted n tl'Ktlnet do proving rind unsettling Influence There worn no lolnit ricilnPR nor nny wn ons mnrkins down of priee, but the Miff ralci nnd pnuclty of offering of funds liml n decided dampening effect upon hpppiilntlrr netlvlty, reflected In the d.mlnlslilns dealings nnd the weak ei tone of the genernl Hit Holding tactics similar to thoe wit npsFed in the Imniedlntp preceding sioni were ngaln in pvldence. but loeked iIip iiggri ssveue- nnd wide scope of vctcrrMv and pdiipda s market. These skirmish drives were ngaln con fined almost cntlrclv to the industrial iliMsmn and to a lnrge extent to tho spcrulntup specialties. Itemlngton Typewriter nnd Cuban Cnne Sugar pre foried were thp mnit pont-plrtuuis tar Bits the last named suffering n sonsa Minnal break of l.'l points around mid ! litis follow nig the announcement of the passing of the preferred dividend. I The absence nf supporting orders en I abled the rpnetlonists to liring about I further depression In a number of the I industrial shares Although the clean I ing up of thee weaker spots wou'd i nnturnlh be supposed to strengthen the technical position of the general list. the market however 'hewed feeble ral I hing power In truth, the general performance strong! niggcsted un un I deriving fear of something of an ad ' verse character was oerhangmg the mnrket s unit Inn ThN seeming np- nrehension naitb nun hap been thp 100 100 300 too 300 100 109 too too too G09 100 800 .100 (00 100 .100 aoo .101 .1400 i.:in .100 .100 too t.ioo .1300 .100 8200 400 .100 3700 .100 lino 200 soo 0200 300 .100 .100 .100 700 300 1 1500 1.100 7000 .1000 too 11700 11700 300 300 400 200 100 too 7.100 3100 100 700 too .1100 1800 too 1.100 7600 200 801 .itnoo outcome of the nervousness prcnteil by 'he surprising firmness of the money market for which no satisfactory t'X fplanation was offered. It was gener 'all attributed to the large .Tune paj -input and the withdrawal of (tnvcrn- l mpnl funds. Imt m.ttiv were inclined to 'hclieve something more far-reaching wa in Hie lucHgrounu. ('ill money opened and icnevveil into net week at 7'j per cent, agninst yes t'rdnx's final iplotation of S ppr cent, but the iiaucity of funds offered made another Hum possible Inter in the rin when belated borrowers endeavored to obtain finaii'inl nccommodations oyer the week-end The probnbiltu of a highpr rnte in all pvents hail a stupefy ing rffect upon the tiading. (specjall on the bujiiig side. Ouce more the line of demarcation was tight l.i drawn between the railtoad and industrial division' While the former group were unsteady at times thei lost relntiveli little ground. It was n different story in industrial sec tion Mercantile Marine preferred, r.osch Magneto, Stromberg Carburetor, t . H. Kubbcr. American Sugar pre feired. American Ileet Sugar, National Hiseuit, I'nited Dmg. Kemington Type writer and American Snuff lost I1! to :? points. Among the speculative fa vorites Haldwin Locomotive, which sold e dividend of "'j per I'ent, and Mexi can Petroleum reflected pronouueed pressure. Substantial additions to the earlier declines were made in the early afternoon after the announcement of the passing of the Cuban Cane Sugar nreferied dividend I In the progressive reaction of the last 'hour Harvester extended Its os to three points on the reduced dividend. Sugars, oils and rhemkals showed liicienscd pressure. LITTLE DOING IN THE LOCAL STOCKS Chan scs Were Again lice (.on fined to Extremely Small Fractions Ihrre va not much doing In the jil stocks except in Philadelphia ..trie preferred, which was again el offi red but the stoi k seemed to he veil iggid at 'J."1-... equal to the1 low cuotntion- of the vear Most all the utliii dealings were of n small rubber. et were generally productive of frac lionall.v lower prices. When the surrounding influences were tnkfii into consideration the most of i he more popular local tdinrea held up well Price recession in most in stances were tho outcome of extreme narrowness of the market, rather thnlv because of an.v growth in seliilng or lei s Nevertheless, there was evidence I quiet liquidation In different' qunr lei, of the list Pennsylvania Railroad was one of the nmer spots of the list, rail) Ing above 300 1.100 800 1100 5011 too 400 100 200 900 noo 400 000 H00 100 .100 7000 3100 2.1U0 400 inn 2U0 2100 1.10) 17 11200 100 3100 100 1300 ..i alter dipping under that ligure enrller in the daj On the other hnnd. lrac ional reeessions occurred in Lehigh V.illey and Lehigh Navigation o chances were mnde in the local -i reet tuilwnv shares until this after noon when Philadelphia Knpid Transit declined to 17'. Huntingdon and 1 lipoid Top preferred and Philadelphia Insulated l iro -luuieii on small trans I .ii lions lulled Cns Improvement shn'lefl to !l" ' while Cnited Riiilrouds of N'evv ,lerse on a few shores ndvnnced S3 from the last sale. American Stores held at ."ill's FOREIGN EXCHANGE .New York. June 3. Hates on the pniKip.il r.uiopeau centerH were some what tntiiei with thp opening of thp foreign exchnnge market todnj, prl'es in the in.iin showing frnctlonnl ndvniues over Thursday's close- il Ju 1 ictobwi D(. emi nr .Idi.n.iry .Mar Mi 1 Iip quotations were; Mcrlmg cnblps .". M",. demand f! fi9V, ; French nnd P.elguin ahles 8 ".". cheeks S.'!2; lire eiihlis T,'S dieckR 0 221..., Swiss cables 17 .'I' i hecks 17'17- pesetn .abbs K n -hecks 13.12 guilder i.nhluu .".4 .f.'i rViei.Ua .". t Ttfl : StneUllfilm Vh. at -JuU Corn Jlllv hrplnmber uatH alilrsj '.'3 11(1 choks 22 11.": Chnstianta I i'i1'' mlw. . . .,.. . . . .. ft i I opl nun. c.ihles 1 i 111 i hecks 1f2.i. t npenhagen pork n tables li yt . lie. ks 1( i.i, mniks I .n The pi oiiiniiii on Ni'w York funds in Montreal tociav was 12 per cent The rate of disiounf in New York on Ca nadian funds was 10Ts per cent Thf Central nurypean exclianges were itregulnr flreek was 0 1." ; Itumnnl'in. I (V7 : Hulgnrlnn. 1 .'11 ; Austrian, 'J I; Poland, .1!!: (Veclio-Slovakia, 1.4(1 iksti.iuhy p fivat quotations Sioriine FrHncs I.Iih Oull.lem enidllil 1SS 8 SO .I 21 .111", 1 allien n S'H, H 32 .1 L'H .11 33 TODAY 3 iyI"i:NlNfj QfOTATKiVs sttrlinE Prunes Ll" OuPlr JU l.rfl'l Jul hlt.s Juh beptmiier July September December Mnich lllft Deirinnd I S8, 8 'IJ r. JJ't .11 30 I S'ln 8 31 1 .'1 ,'14 J.I s.nnv Ql-OTATP " Meritnir Prams I ir riuildnrs I ssl, k. itw .1 jii 'I s'l', 8 .12'i r j.i', tlO.SINf) Ql ilTATIuNfi HiiTlIni; I'ranea Lire iiuli'prn 1 ST', 8 20 ft Jli 3) J1 .) SSS S 28 ft 22 31 1ft lnitnd i ul lei Tienmnd i alii Hollar BANK CLEARINGS khii- l..nl. leai-lriKS toda' compared nii hi i.,iinilinK da last two rir. 11121 tll2H 10111 I 11.1.M1 .J 711 lm ilrt.'IIOIITfc '.i 2H7 .' I PI, ll.i 7) 07 I I 'I l.'T i lis fcs-, 3','J Urll. rrnson s v I'"" MiH' l"'i "'HI 771 so.' 3",n ,1sn Hi I 'Ui ' '.' 7 ,- s IJI i.-,l inv. New Orleans Cotton, 'Change Closed uers r. New Orleans. June 1UThs Potton Ex im Mr. chsnes remBJned closol 1 oday Coofedwaw NEW YORK STOCK EXCHANGE TRANSACTIONS Toilnj's Net Clou Chs II - 1 iruth Advance rtumelr "'4 Alaska Gold Mines .. S Alaska Juneau O M.. H All American Cables . 10 Allied Cliem ft Dye... 4J', Allied Chem ft Dye pf. MM Allls-Chdlmern 3iU Allls-Chnlmera pf H Am Auric Cliem 's Am Agrle Chem pf . . ?ol' Am Reet Sugar 3" Am Dosch Magneto.. 43 Am Can 39V Am Car ft Fdy ,. 1M' Am Cotton Oil 10 Am Drus Syn " Am Hide, ft leather. . 13 Am Hide ft Leather pf 3 Am Ice B' Am Internal Corp.... 42's Atn-lij Franco Enc . 8i Am Locomotive 83i Am Radiator 70 Am gnfoty rtnzor. . . s Am Ship & Com ' Am Rni'lt & Iter 431 Am Smelt ft Ref pf . . . 7fiU Am Snuft 107 Am Steel Foundries.. I01 Am Steel PMvs pf . . 84,'a Am Sugar lief HO'i m Susrar ftcf nf 0-1 Low 14 "i t's 100 4I' sni ,ii 14 73V, 17' 70 3l'i 42's 30 133(4 H 1H 106 i 43 -0ia-33 73H -31 Vi 42 -31 - 133 14 18 A lt4- 631's -66J,-r 43 - Bi 8314 - i a t5 ?s i .1 ni4 i J4 12 1S4 0 It's 52 ji .101, 41 8H 82 n 70 S 40's :m4 107 20 84 ' 17U 01 6ft V2 I044 121'i 80 122's 72'r on 86 914 39 3 i 30 504 00 son 70'2 814 30'4 .11 15 3'4 70': 41 50", 30 22's .15 on'. 93 13 7 09 tl 87 4?s 13!'b 17 13 5714 41 44 113s S3' 30V4 72", i1 fit 57"), Mi 73 IS?4 28 43'i 05 '4 . 3.114 no 77 1U4 34 37 384 58J, P, 30 3S 87 18'4 4fil I 05 318 04 I8V4 85 14 4 41 07 1 a 230 Mj 18', 33 02 '4 13', 21 14 .15 1 !s H t'4 14 1 is 10 5i RJo- 40t, - 76'i- 107 -29K, 4-8414-78l 01 -5S"4- 104H 124 W- 89 -I'M - 73 90 -00 t!4 40 30i' 59 "4 f 9. -01, -70'j-r 8'4 - Vt w i M ', Vt 3H IX i Vt 1 Hi 1'5 7 8 3 7 7 7 8 Am Sumatra 6014 0 Am Tel ft Tel !04 12 Am Tobacco 13514 o Am Tobacco pf new . . 89 12 Am Tobacco B J24 7 Am Woolen 74 7 Am Woolen pf 07 r 7 Am Wholesale 0 Am Zinc Lead & Smelt !4 .. Anaconda Copper .... 40 4 Asso I'ry Roods 30Mi 7 Asvi Prv Goods 2d pf. 5ft',4 fl Asso Oil n tch Top ft Santa Fe. 8HJ fi Atch Top ft S F pf 70J j . Atlantic Fruit 8'4 Atl C.ulf ft W I a 53... :7'-4 Atl Oulf & W I S S pf .11 Atlantic Pet 10 3 Auto Sales Corp .... 3'4 7 Baldwin Locomotive. . 78 rsaltlmoro ft Ohio 41' 4 Baltimore ft Ohio pf . . 51 BO Bamsd.ilo Class A.. . 2(5 50 liarnsdalf- L'lnim B.... 34 8 Bethlehem Steel B . . , 353i 8 Bethlehem Steel 8 pflOO 8 Brooklyn Kdlson ... 93 . Brkljn Rapid Transit 13 Brklyn It T ctfp of dep 7 nrkl n Union Gas . . 6o 7 Buff ft Suaq 2d pf . . 41 10 BurnR Bros . ... 87 .. Butte Copper ft Zinc 4J4 . Butte ft Superior Cop 13V4j Butterlek . . 17 .. Caddo Central O ft U M!' C California PacklnK .. 57 "4 .. California Petroleum . 4l'j 2 Cnl Zinc ft Ind.. .. Ti 10 Canadian Pacltlc ...list? 7 Case J I 1st pf 83K .. Central Leather . . . .17 7 Central Leather pf . . . 73'i Cerro do Pasco 28 10 Chandler Motors . ('Vi Chesapeake ft Olilo- .. 58ij Cbl & T-J 111 pf otfs t " Chicago ft C.i West H" . Chicago ft Gt West pf 18H .. Chicago Mil ft St P.. . 20 . . Chicago Mil ft St P pf 44 5 Chicago Northwestern 05?A . Chi rt I ft Pac 34( fi Chi It I ft Pao 6 pf. r.0'-4 7 Chi n I & Pao 7 pf. 77' Chile Copper 11J4 Chlno Copper 'Hi . Coca-Cola 28 Col ft Southern 3S)i 0 Columh Can ft Eloc . . 58 1$ . Col Graphophone .... 0?i 7 ol Graphophono pf. . 31 7 Consolidated CiKar ... 23 7 Consolidated Ga 87 !4 Consolidated Textiles. 18 ",4 7 Continental Can 47J4 . . Continental Candy ... I 4 Com Products Bef. ... 00! . 50 Cosden ft Co 33t 8 Crucible Steel 05 .80 Cuban Am Susrar W 7 Cuban Amer Sugar pf 85 i .. Cuban Cano Sugar. . .1 17'. 7 Cuban Cane Sugar pf. 53'4 0 Delaware ft Hudson.. 08 10 Del Lick ft Western .330 . Dpnvcr ft Bio Grando. ' . Denver ft Bio Gr pf. . . 1 i 1 Dome Minis 18'i Llk Horn Coal 32 5 Kndlcott-Johnson .... 04 .. Erie 14 P.rlo 1st pf 31 Erie 2d pf HU Fairbanks 3.1 8 Famous Players L. . . . 73' Fisk nubber 14 Precport Texas 15 Gaston Wms ft Wig. . . 1 '4 General Asphalt 177s ,1 Genpral Asphalt pf . . 100 8 Uencral Klectrlo t.1.1'4 1 General Motors .... mB C Gfnernl Motors pf . ... 00 . Goodrich B V 30 7 Goodrich B F pf 71 1 Great. Northern pf.... no4 4 Gt Nor Ore ctfs 374 Greene Cananca Cop.. 2.1?4 2 Guantanamo Sugar .. 1014 . Gulf Mobllo ft Nor .. 0 4 Haskell ft Barker Car 65.14 1 u 3!4 II - 1 .114 .- ' 41 60 " 70 22', -15's 4 r 13 -7 09 l li 41 - 4 s7 -4'si 13'4 . 17 13'4 57 ',, 4t - 1t2i I- SSU - 3H'; 73', 279,- 61 :t. Hi Ji I I814- 28i, ; I3H (143,- 3.1 H -00 -77 r - 0J4 31 2S -87 WA 4BJ- 1 t 1 Hi 05 31 85 I8J4- 85 lt4- 2-w 43?4- 10J4 98 1 230 1 Vi 14 1SH 33 l'214-f 13 J4 3t 14J4- 35 - 7154-f 1314-tiH- M4 17 -too - 1.14 1014 -60 15 Si -78 09 '4 T 9 - 3 -5514-(I8J4-1M4- 5-34)4- 4 11H- 4814-S5H-12H-40 -33?-70 no 14- koj4 - 73 11 39 -3S- m - 27 71 I3'4 15H M4 lfl'4 ion 1.14 10 00 i.M, 77'J 03 37 '4 23J4 9 9 65 li 6.1J5 111. !i 34!, 4 Houston Oil 08 1 Hupp Motor Car US 60 Indlahoma Refining .. 6 .. Inspiration Con Cop.. 34 !4 Inter Con Cop ',' . Inter Con Corp pf . . . 11 U US fi Int Agrlcul Corp pf. .. 40 48' ,-. International Harv frS' 84 H Int Mer Marino 13' 12H 0 Int Mer Marine pf. ... 49'4 47 .. internat Motortruck . . 33 32 7 Int Motortruck 1st pf 71 70 ; Int .Motortruck 2d pf. 00 no .. International Nickel . 16', li2 . International Puper. . 08 1t fifl il Inter Paper pf stpd.. 73 73 . Invincible Oil Corp... tfiJ, it . . Iron Products 29 29 .. Isla-nd Oil 3' 3H . Jewel Tea 8(4 '4 . Kansas City Southern. 27S 37 COTTON MARKET IN RAILROAD EARNINGS ST. LOUIS SOUTHWESTKRN time' 1 .10 Test, cloo 12 07 1.1 4 I 13 St in .' 14. .10 Torta'B open r.'.70 IM It's 14 IP r At 1. 7 j I April erosH . 1 1 .'.11 Total intome I'lO'j Hurplus after rhss l'our rrrjnths" trroes Total Income "urplus after eras 1 IIOCKINQ GRAIN MARKET April gross . Net oper. (tellcit four months' gross 1 Net oper deficit . Uecresne Or" 1 W lllli Lou I U"fc 1 3"il7 1 3! on 1.T, ..or 1KI4 i.ij', - 4: t.i1 42' 4. IV 40" 4.' . tl l.'h Reserve Banks' Discount Rates Official rediscount rates lit lh- tuelir Ted ersl Hesorvo Hanks nro ss folloH Tieari Lib t'om 1 ir clfs llonds I'dper Aici-pt r 0 '".-' it n.' ti r.o 11 "j li ft" u on - !l 7n 10.50 1 1,7 '1 )-, 1 lotion NV VorW I'hiladelphla levelsnd . . Hlchmond I Atlanta I Chicago .. 1 M I.nuls 10 Hi NEW YORK COFFEE MARKET Vest rlos. '1 4 il Rl 7 21 7 II Open ll flOS!2 tl 93 W 0.1 7 OS Minneapolis Kansas Cltv san 1 rendu.' Dlrcuuiit rate corresponds with Ininrett rate borne In lertlflcales pledged hs collnt i crul vith minimum Wool Market Is Quieter , tf Kansas i Uv ItnMnn. .lun, 1 - Tl.. -turner, lal Hulletin i ' a ol ''""'"n" omnrrnw w.u na i ne wool inarKHi is iiuleter inanuiartijrera upparemij navnu covered theli lmmedi.it' requirements nnd tndlnr no ne'esmtv for further buying of moment although the goods market Is re ported In a health . ointlllon and the mills ire well occupied Haying Is rather more ueneral In the West and values are ery Armour Leather Passes Dividend f Itlraco. June .'I -The Armour Loather Co has passed thu ouarterly dividend nf l per tent on the preferred, due at this time Huslness for thn last quarter has been normal and profltablo un a replacement basis. Armour A- t'o will no longer pur clmri tumulatlve prlvlleun on thn preferred Arm on about the levels or a weeK auo l"omparatlvely little Is being done In the I talent, vtool "tates. ' stncK ml tne groumi mm inn rinnas or me i Timpani fchow a larfi" per'iii.iKe of pre (errid holders hain not ibii" I and leturnid ihelr warrants and some upun reoucsi hnvs lefunid lo do so Liverpool Cotton l.ltrrpool luii .1 There was oril" a Urn iip.l demand f r i.pot ' oiton toda1'. but prices ucie el nd un ill. bams nf on advance nf von e for mild M lit 7 7il Tho salex ri SHOO i I'V recc pin vor JIO.HI u..i.. iin.iiiiiiniy 1 lift In lea American 1-utures Cuba Cane Sugar Passes Dividend New ,Yorl June 3. Tho Cuba C'ann Sugar (uilKiiatliMi lodiy parsed l(s ouartei'iy Ulvl Send of 1 per eent on preferred stock. This rate had been maintained since April. 1918. smidy In tho early dealings, Hppt .lrtAM u.ra( Ann.rli.nn. inlndllnjr. THlr. J0.47dl good middling. .B7d! fully inlddilnir, 4"l2d. middling 7.47d. low rniddllns;, ffjtdl eood ordinary. C.S2d. and ordinary, i.!d. Dtv. int 4 4 6 Sales .100 9400 too 100 100 200 300 800 400 ; 400 53oq ino too loo 400' 700 10ft 209 .100 400 too ton 100 too 600 toooo 900 31C03 1T0O 1390 100 000 1100 600 too 200 ton 300 300 400 too too 330 .100 100 400 600 too too 300 ton 300 ino 1600 200 200 3300 Hirh Kansas City So pf ... 04 Kelly-Sprlngfleld Tiro. 40j Kelly.Spg Tire 8 pf. 78 txsw 60 37 J4 78 53 30 1SW 48)4 38 53 K 13 10K 16114 105 10H4 . . Kelney WhcM a .. Kennecott Copper ... SOU . Keystone T A U ,4b 6 Lackawanna Steel ... 46 2 Lee nubber Tire "14 50 Lchigi, vallev s14 7 Liggett ft Myers pf . . . 1J0 2 Ixiewe Co 1 Loft Candy " 12 Lorlllard Tobacco . ...iM4 7 Lorlltnrd Tobacco pf . . W 7 liouliivltlr. ft Nashvllle1044 10 Manatl Sugar U 45 3 614 18 4 314 6 314 1314 RO 147J4 3314 11 26 aW 4 33 4t 18J4 20 113 100 3U4 1 831, 68 UK 01 69 U 06 32 18J4 1S'4 26 14 30 10 961,4 64 71 29 14 2 34 ?4 13(4 13 50 M 49 card 5714 34 Ji 9'4 6014 23 40 31 23 2!4 40 '4 8 64 29 81 100 30 SOW 13'4 70 18 34J4 54J4 89 14 58 34 38'4 28 37 314 4 1514 76 Vi 104 10, . Market St Ity 'H Market St tlv 2d nf . . 14 Marland Oil l8fs . Maxwell Motor W Maxwell Motor 2d nf. -54 Max Mot 1st pf ct sta. 6 Max Mot 2d pf ctfa. . 314 . Maxwell Chalm wl 1314 May Dept Stores. ... 3 12 Mexican Petroleum ..160 2 Miami Copper "H 1 no Middle States Corp... 1314 . Mldvale Steel 3814 Mo Kansas ft Texas .. . 3!14 Mo Kan ft Tex pf H .. Missouri Pacific .... "li .. Missouri Pacific pf.... H . Montgomery Ward . . . 19H National Acme ... 20 7 National Biscuit . .113 7 National Biscuit pf . 109 Nat Cloak ft Suit . . H4 National Con ft Cable. IJi n Nat Enam ft Stamp.. 63 0 National Ivad 76 Nat II It of Mex 2d pf 41 6 N O Tex ft Mex 01J4 n Now York Central.... 6914 0 N T Air Brake 65 2 50 New York Dock 33 .. Now York N II ft H.. 10 1 New York Ont ft W 18U 4 N Y Shipbuilding . 30f4 New York State Us. .16 Norfolk ft Southern . . 10 7 Norfolk ft Western . . 06 '4 4 Norfolk ft Western pf. 84 7 Northern Pacific .... IVi Nova Sqotla S ft C ... 2 1 50 Nunally Co 0 Okla Prod ft Bef 3J4 2 Orphcum Circuit 35 .. Otis Steel 13 . Pacific Devel Corp. . . 13?4 5 Pacific Gas ft Elcc. . . . 5l'4 .. Paclflo Oil 35J4 . Pacific Tel ft Tel .... 60 1100 300 100 1300 0300 600 12000 600 .100 430 300 3000 200 1800 200 3200 1600 3300 300 3000 600 1700 2500 300 700 4300 3.100 .300 .1200 100 200 2500 5 4300 700 50ft 300 200 100 too 3200 too 400 1300 13100 100 3100 1100 300 .100 i-an-Amer 1'eiroi .... oo 0 Pan-Amcr B 6St4 14 2 ronnoylvnnla R R . . 35 .. Pcnn Seaboard Steel.. 10 .. Peonloi Gas Chicago. . 50?4 ., Per Marquctto 23'A . Pero Marquette pf.... 40 S Philadelphia Co .. .. 33 .. Phillips Pet 23W .. Plercc-Arrow Motor.. 3314 8 Plercc-Arrow pf 40 .. Pierce Olt 8J4 8 Pierce Oil pf 6ft Pittsburgh ft W Vr. . . 29 Yt 7 Pressed Steel Car pf. . 81 8 Pullman 101 S Punta Alegrc Sugar. . 30? 4 Turo Oil IIOTs . . Ray Con Copper 13 4 4 Reading 73U . . Remington Typewriter 31J4 . Replo Steel 25J4 Republic Iron ft Steel. 5514 7 Republic Iron ft Stl pf. 89?i Republic Motortruck. . 14 20 Royal Dutch NY 60 .. &t Louis San Fran... 251-4 . St Louis San Fran pf. 34 . St Louis southwest... 28', .. St Louis Southwest pf 37 V2 Santa Cecelia Sugar., 34 . Saxon Motor 4J4 Savago Anns 15'4 Sears-Roebuck 76'4 7 Sears-Roebuck pf .. 104 S(!iecii Cop Corp.... 16'i .71 Shell Transport 43 . Sinclair Oil 23 il Moss-Sheff 38 4 Southern Paclflo 75!-J . Southern Rail 31 5 Southern Ball pf 48 r. Standard Oil of N J . .14494 7 Standard Oil of N J pfl07 7 Steel Tube pf 77 2 Stewart Warner Speed 25' 4 .. Stromberg Carb 3(l34 7 Studebaker 73 1 Submarine Boat Corp. BJ& . Superior OH Corp (1 . T-nn Cop ft Chcm.... 14 3 Texas Co 35J, .. Texas ft Paclflo 24Vu 1 Texas ft Pac C ft O. . 34J4 6 Tobacco Products .... 55 . Trans Con Oil 0'4 5 Transue Wm Steel .... 38 . Union Olt 20', 10 Union Pacific 1181,5 4 Union Pacific pf 01 12 . United Alloy Steel 201 8 United Drug 91 ' j 1.50 United Drug 1st pf... . 43. 8 United Fruit Ids I'nited Rwy Invest .. 101, .. Unit Rwy Invest pf.. 22JJ 3 United Retail Stores.. 68 ..US Food Products... 19J4 .. U S Ind Alcohol 1 ',4 4P4 23J4 38 74 Ts 20 47 144 106 70'2 24 U 36 70,', 0 5'4 8)4 35H, 2J 2314 5.11-4 8J4 37'2 20 117i 4'j 26 '4 87 '4 43'4 ton to tVt 58 18'J (0 61 64 IOO14 79 W 108 63 30 4 Hi 503 .100 700 300 31700 tooo I too S0J 5200 1100 3700 1200 nioo 200 ;600 1400 100 200 5100 200 .1700 700 600 4300 1600 2800 800 38200 100 10500 .100 3800 1100 3600 1P00 000 700 1000 300 200 600 200 500 300 1100 1100 2100 200 400 1100 100 'M ''A 14 ai2 '1 ' 14 'e 3Vi I '4 I 1 u .- ueajiy imp.... o-Jj U s Rubber 66 U 8 Rubbor 1st pf . . . . 100 U S Steel 801, U S Stel pf 108)4 Utah Copper 63 Vanadium Corp 30 'A V 314 14 14 H T4 U4 H4 Va-Carollna Chem ... 30;, 29 Va-Car Chem pf 80 74 Vlvaudou Ino 8 7 Wabash 8U 8 Wabash pf A 32 23 Weber ft Hellbroner. . 13 W 13'i Wtstem Maryland ... 10(4 I0'-4 Western Pacific 28i', .7 Wciteni Union Tel . 88 87r, Wrstlnghouso n ft M 40 45'; Wheeling ft J, E 9 9, White Motor 37 30 White Oil Corp 1IW IOJ4 Willys-Overland 8 8 Willys-Overland pf ... 36 ,15'5 Wilson ft Co 38'4 .18)', Woolw oi'lh F W 114 '4 1 13 U 4 3'4 H H4 2?4 3!j "4 H Worth Pump pf A ... 78.' 7Si Ei-Jlvldend. LONDON STOCK 1021 ll.RStt 02 aftt.nrti 110,1'tl 7 Rh7,4D4 1 Slil.L'HO 130.52S VALLEY Increuse J 102 r70 22 0H4 3H SII7 1 140 1.117 ri(il,2i7 315 S'.7 Gllt-Edged Section Easier Home Ralls Dull Kaffirs Flabby lymtlou, June H. Adjustments caused oil shares to move irregulnrly on the Stork i:ehanife todnj. Shell Trans poit nuil Trading whs 5 0-10 nnd Mexi can Kagle (I 0KS. The industrial de- 11.021 218 44 2.M 3 8117 272 03.". 2J1 J240 377 7 I H02 MH 2h-i 1 JH7 333 pnitiiiont Nliovved u hard nnv was ti 1 1 -hi. uuntierd were hciivv. In fwuputhv with the iinfavtiralilo po-' Hitiiin of the raw article In spite "f liulit purei(iitig for in vestment at count, the gilt-edged invest- ininents section was eusler, bin rhaiiKen in nrices wore light. Trench loans were inclined to bag owing tu the easiness tl n il H il :.' n 6 rt ii n il tl I il tii j ii n il o II ii n n il Sis n'-a r. 8" 0 in iranc excunnge. Home rails were dull 'leveiopuienis in me coin taiior deatllnck Grnnd Trunks were well tnaintolned', nuil iiuiiur ui'nri 1411 iuiis were siemiyf in fluenced by the 1111 vement of New Vorlt exchange. Argeiitino rails were sdovv MexicaiH lucked stondineM. Kndirs vvero llalilij and diamonds xIni wavered, (ien'rull, markets were dull u the usual week-end tib'-nitcr iin BUTTER, EGOS AND CHEESE New lork. June 3 BfTTMl llrm. Re ielpis tJ.SHfl tubs t'reainery. higher than extras SOOMOne creamers extras, 0' score, 20Vc, creainery firsts, 8H to 01 score So'iWStie pucklng sioik current mske No 2 17e. nf ,1 nr cent In the and &i per c-nl In as thn i KtHJS irregular Hecnipt., freeh-gathered, extra tlrnts tlrsit. 2'iW27i'. Mm Pennsylvania and nearln Western hennnry whites, flrsls to xira1. .llftSXc do bronns, cxtrsa, .13 Si .11 du nea-b Batlmi il blown and mixed I'olnrs flrsta lo eili.ir 'JOUHOct ntorace pa. wod xtru tirsts Jai ti'.'UHci du, firsts, 2'i ffWi r ClIllLHU steady rtertlpt. 7157, boxes. Htate, vvholo-nitlK. flats, irasb..apealall. Uft whole.mlllc twins, special. I SYsrste run. xswxee. New York Curb I!4UVSTR1AM Hi!!? "T, mis A2 II 4 tfi), 2'S 'S Today's Ket Clofe Ch. ?? .:' i 60 V2 Vi Acme jnrRini ,-i" 14 ' 'ft 1.1)4 59 2'i IS 37J4- 1 Emptrs Food lg noodjear TTe Tl4 78 53 20 -13-45)4-38 -1.1 -10-15414-105 4- 10414 46 - 3- 014- 18 -4 - 314 6 314- 1314 80 - 14814 33 r 41 -1814 -20 113 - c ( it ill II, Perfection Tire ,J nrtdln rlshli IJ Stilts Motor 01 Kftn Co 3 !A 14 54 14 3 K V M aw 8J4 (4 1-4 1W 3 "i ti S li t II li! U (. Pllll WVI ? U S Slfsm .A United Profit fllisrln ' Unlvrsl Hum IA STAMAnil OIM St.nd Oil of Irsl .. . 72 Tl" 714 INllBrjtNDEJfT OILS AlUerl Oil . Ilsltlmore Tet . . lloone Oil Boston Wjomltut Csrlb HyniJ Dnnr Oil . Elk ftsKln rt . ... Klk Bssln rlrhts . . Engineers' lsjtrol Kdral Oil Hudson Oil . . . . Int retro! Maraealbo Oil . Mexico Oil National Oil N J ft 4 a 4's t PI ' l.VA 'R. 'IS IV 4H 'J: 7l! 4S 'I -J lft'i ri'k ft n 28 t4 nobis 2J 25 27 rroducer A Henners HImm, Pet i i w w 14 w n 1 'w 3 14 ' ' Vk 114 W u H4 6)4 "4 H 1 ti HKeuv on Texan A un Tun 011 United llovalty Victoria Oil trw.... "ft ft '; MINING Atlanta Pig I.df e Uooth Host A Mont Caled M'n Candstarja M r cries Bltver Cm, son Gold .. Ciefrtnl McNamara Dundee Arts I, nun a iUlvtr . . ICureka Croesus . KureUa Holly i o (i 6 10 an 7'N an n r.ri I i 32 109 -RH4 H4 83)4 -76 - 4 r 61 0914 66 33 -10 f 18W 10 95'4 64 -71-29 - 914- 214 2H4 13 -1 13- M - 33?4 -50 614- 57V4 3474 9''4 50 33 W 4 21 -401'4 -8)4 -59 39 .11 111 7 1 .12 Oil u 7 1 .12 1 R 1ft H 17 0 18 ir. 7 'ft 4 ID ll 4 1 21 '; 1A 1A (i in ll4 7 8 10 2 8 6 .1 Go d Cons GO Go GO d Devel dfleld Florence d Kevrnnas ... Go! Go! il Nllvr I' iv d Zone 1J Htcla Pivldn 3D Iron Dlo,som jumbo Extension Knox DUide MacNamara Marsh Mlnlnr Mother Lode new National Tin 17 tl in in 7 cm 4 10 n 4 1 2k .1A 5A tA t.V 9 7 S 1" . 2 A .1 a .i Navada Ophlr isipiasinr North Star Kex (,-ons Rochester Mines Pan Tov Silver King Divide Silver Hills Nev Mouth Amer PAG... . H Silver Lead Success Mln Tonopsh Belmont Tonopah Cash Bov Tonopah Divide . . Tonorah Extension . . Tononah-.Tlm Ilutler . . . 14 2 H 5 H4 H4 Tonopah Midway , . . . Tonopan Jlininr . . . . Tonopah MUp.lh . . Tonopah Montana Tonopah Hecue Kula. ttnlted Kaatern Vletory IITilte Caps . . IVIlbert ... ... TIOMIS Allied Packers (la Amer Tel 0s 1022. .. Amer Tel 0s 1924 Anaconda 0s . . Anaconda 7s 1029 crraour 7s .. Beth Htrel 7s 1985 CorjDer Kinort 8s 1PI4 W 1 )4 14 3'4 10 W 404 PS PI1J4 SH 90S WK 09 o'S lint; 72W nl. 9IIU 05 IM on. 80S now 100 , piu; nss 83 40N on; nn 87 924 na'i 93. 99 J4 99 son IIR'4 ii "l5 72 PI Pll'4 I'.l 04 on PflS no no's 100 p.i P9V4 18 83' 8& B 02 pas pi. 09, '.IP1 00 Hl P3W imi 72V, PI !".P)4 Pft lit P9S P1 P4 PdH 100 uftS P9si t'SV, 831 81 -100 - lors - 30 '4 -10-2514 i 14 W Ti 3)4 Copper Uxport 8s 1023 Cudahy 1'scke.s 7s Goodrich Tire 7s ... Grand Trunk OVjb Humble oil ts Interboro 7s Laclede Ga 7s LlKCetl A Myers 0s Nat Cloak 8s . Nat Jenthor 8s Pears-Hoebuck 7s 1021 Scara-Jloebuek 7s 1022 . Senrs-Hoebuek "a 1023 Southwest Bell 7s . . 1 Vt J-5 89 14 - 89 24 3.1)4 - 38 W 37 314- 4 - 15(4 75 -101 r 23J4 - 39 -74J4-29 4T4- 144 f IOO14 76(4- 24(4- 30- 71W- 01,- S'j - H(s- 35 I- 23 . 23- 56- H- 37)4 - 20)4- 117- 64)4- 26(4- 89 '4- 43'4 - 107KH 10 -31.-88 61 64 - 100- 70 108)4 53 - 30 - 20 - 76 - 7 H 2J - 13"4 10'4- 27- 88 45(4 0 36 - 11 4 H - 35)4- .181,- lll'H 78(4- stand on is z Hun on CUf 7s .. 7s ... .. Klectris 7s . ft 'is Huirt 7 West K Swiss Philadelphia Stocks Vt 1'4 14 4 ii Net High Iflir Close chge. 11 Am Strs. oilV-i MVj OOV... iiEistor..ioo iasi losr-f- ' 12 Hunt ft n 14 14 Is W Mi 1 1 T pf ctfs 14 Vi 34'i 10 1 C N A 20 20 MO Lake Sup 814 SMs 209 TAh Nav. G5 OHi 2Le.h Vol.. 51 filU lOOtLee Rub. 27 27 TStMiil S O 11 11 14',2- 20 . V1"1 MVh Oa 11 2', 15 Pa Cent'! LiRht nf. 4.T 4;; -W 002 Pn R R. 35 3i It.". . T l'liila Ins Wire... 51 Vi 51 U 15 Pliiln Co 32H a2, 0 do o'm pf !12ni :1Vi 200 Phil Elec 22 2111 840 do prcf 25 25Va 14SP R T.. 18 17V; KltStudebkr. 72 72 10tSears-Roo- buck . .70 70 200 Ton Mln Hi U 200 Un Trne :'.2 32'. 120 1 C, I . .'10 .Wi 12 do pref 10s 10 51 i Vi, 32 IV 14 14 1"4 14 14 I 2 '2 32 . . 21J- 25.. 18 '4 72 14. 70 . 1'. 32 35 V 10 14 's It 3J4 14 W 14 1 Vi VA 5 14 8 I lilted Cos X J 170 lOOtWillvs- 170 170 : Oveild. 0 0 0.. 5 Westmrld Coal ..70 70 70 . tNet chance made bv comparison with last sals on New York Stock Kchan,re. FinLADKLl'llIA IIONDS 1000 Liberty 2d -Hi 8G.78 2000 Liberty .Id 44m 00.7(5 11)50 Liberty 3d 4 ViH 00.62 3000 Liberty 4th 41,8 80.08 2000 Llbeity 4th 4V.n lots 80. SO 12500 Liberty 4th 4,s 80.82 5000 Victory -Wi. 08. Of 2000 Victory 414 4000 Hell Telephone 7s. . 1000 Kyuitnblo Gas 5s... 1000 PoiinsvlvBtila OVjs.. 50(1 Pennnlnnla iPAq.. 3000 l'liila Co cons 5s. . . 2tH) Phllii Llec 1st 5s... 4000 Phila Kler 1st 5b. . . 1)8. It 102' t) 1 j 05 0(1 SI"', 83 S3 'i, .lots 14 A t 14 W H4 li 2 .lob DIVIDENDS DECLARED ManufacturerH' Light and1 Heat Co ousr terly " Per cent paable Jul IB to etcclt of record Juno 30 Coiitlnental-riotillablo Title and Trust Co quarterly 11 pr cent able June 23 to stock of record June lo rittshurch noil Corporation quarterh 1 per cent on preferred. paable July I to sto.'l, of record June 25 United Statei Trust To nf ', Tork, extra 10 per ctm In addition 10 semi MARKET annual Pr "ni. I'mn puyaoie juiy 1 to stock of record June IS Allls Chalmeis Mfg Co,, quatterh nf 11 on common. paab!e Auxuet IB to stocl, of record July 2h nnd 11. 7B on preferred, pa. able Juiy 13 to stock of rocord Jure 24 American Smelters Securities Co quar terly 1'? Per eent on preferred A and l' per tent on proferred 11. both pajsble Julj to stock if record June 1 1 MONEY-LENDING RATES tone Hudson's NEW OKK Money on of collateral owned tod'n tor lending nnd renewing tall both clans-i al 7Vj n r 1 tnt PHII.AnBI.PHIA- Call 6 per cent tnn fl ter cent, (ornnierclal paper ihrce to months. 0 rer cvnt. Note Theee are merelv nominal quoi. lions, tho legal ram of Interest In the Htat of I'ennsy vanla being ned at ) per cent Plus premium and commission time munej i. ni.iu to ninety days In lom.n ,. ! . pending further 7V4 per cent while comnrerclal paper from thirty to ninety days, Is leuned at 7 10 J ptrcinv, IiONnnN Mone Is quoted at 4U rer rent Discount ratei jhoi t bills, fiij Wr cent. th,rce rnuinhs' bills 31, u r, n jn ,err cent. BAR SILVER Doineellc bar stiver m unehangel m New York.today in lili.i pcr rl,,e nuiiie. foreign. ."iS'.c. an Ldvanc- of 'c i ri,n' don, the pr.ie was .d higher at 33'd ft United States Treasury Certificates Int. Maturing itat' 3'i Dale IB. 1021 IS, 10J1 IB 1 02 1 IK in.'l Hid mo inn 1 on ton , 100 inni. 100 too,, inn 0 32 100 jkd rini 32 l"lv "'Hi1. jo A 00,13.. lmi'4 100 3-32 ,1110 A 100 lit 32 June June r.2 7.10 cases I7' (a20o do 'Vn July Aim Sept. Hept. Oct Oct Oce. Feb. rt r.'i n'4 to IB I0J1 l'i lll.'l 13, lll.'l IB 1112 1 13, 1021 1H, 10.'. ov fi Msi, ""A 10. IU.'2 100', lBttJJ".c; dp. 01 MSI, 10. IVS1 . 100V, 100'f erS .Urn?. nrmal 1dr' ""' JATSA,mVt5?i,trt.0t iaT il BROWN BROTHERS & CO, Established 1818 FOURTH & CHESTNUT STREETS PHILADELPHIA New York A GREAT CONVENIENCE WHEN TRAVELING OUR Traveler's Letter of Credit may be iasucd in more than one name, if desired, nnd is then nvailnble to each of the names specified, thus enabling the one who finds it most convenient to attend to the matter of procuring funds. It is available amounts as best suit the travelers' need. A Ccnlury of Service BROWN, SHIPLEY & COMPANY Established 1810 Founders Court, Lothbiiry Officers for TraTeltril LONDON, E. C. ! i'i i,i, "imuon, S.W, 25 1 'n raSikslli :"iiL l' Pits. rT,HIS bank is recognized as a pioneer in credit facilities. The services of experts in credit analysis arc ever available to customers. Central National Bank of Philadelphia Chestnut Street at Fifth Capital $t,ooo,ooo Surplus and I Jndividcd Proits Earned $4,400,000 ! i The KARDCfS & DURKB REVIEW Is read by Investor and butlneii men throughout the country copy free, on requeit for No. 137 NewYork Chicago 11. SPECIAL ANALYTICAL REPORTS on securities free on requut. $25,000 Phila. & Reading R. R. Extended 5s, 1933 Dated 186S Int. Apr. & Oct. Free of Normal tneome fi Pernio. Sfnfe Tax Secured li llrst inortRaRe on 148 18 mllea main lino of IM0"1 i o Svstetn fiom T'hllnrlelphi.i to Mount Tarlion and IteadlnB w llarrlfburK Trior In Hen to $9,328,000 Tlllla & Hearting Im provement 4s, 1047. 5, 760,000 l'liila & Itacllnfi Cons 4s, 1337, ami JD4.000 000 Rc.idlnR Po tleticral mortgago 4s, 19D7. Price Range, 1908-1921: High, 118 Low, 94 9534 & interest MORLEY, WOOD & CO. 333 Chestnut St. Members. New York StotU T'Aclwnge T'hlladelphU Stock 1 xehnnge ' 1 1 I 1 I Dillon, Read & Co. Interim Receipts FOR Sharon Steel Hoop Company First Mortgage 20-Year 8 Sinking Fund Gold Bonds, Series "A" may be exchanged on and after Monday, June 6th for de finitive bonds upon surrender of the receipts at the officeof United States Mortgage & Trust Company 55 Cedar Street, New York Dillon, Read & Co. Vinid LSI 4,37 I 110 '. (10 .1 10 Mil 3 IK BIS B.22 Mrclnluii It.illmiv I'liulp. (l' in '?.". in UlllmU Inilriil It. II I i i.lp. oV lin" PiKllle Iriilt r.vine,. (. Kiiuln.l'a irl'll Siiullirrn I'ik-IIU- It. It. Kquli..r.703,i.3i KeadhiK Cunuwii, Ixiuln.. .4lJ 11MB Prnna. Conipiiny Hrrlts "ll" 3Uj' loll Samuel Ofhllllps & Co. "'"'ia'ai'WMai''''" B.IIS Sni w" '" BostJ everywhere, and for such ll KARDOS& BURKE STOCKS AND BONDS 1424 Walnut St. Philadelphia Phone: Sprue 6307 Plttjburjn Baltimoit Direct Private Wires Investors and Traders will find our ODD LOT SERVICE fast 'and satisfvinK In every detail UnlUted Secorldea Foreign Exchange Checka Currency Cablee Letters ofCracUt Oair otfanJtation ojfsn a hlghfiictency Ktvfc the principal exchangu in this country anialm AUTOMOBIL INSURANCE i.ERn mutual iJ"IL"bs;" rhone IVoemt Ml?. to-" P' ti as Hr acretmsat. armuriif uii. .'V . ! .1 v . i ': i" i'!..w,-a "s&xt i -f
Significant historical Pennsylvania newspapers