sjVW pWWr k '. t. . "". T" t.v &' ; :?.' J "Lil ) I T-'r.-rt " I JJ l, 'UKJT "'J'R - WW? 'j.vvfi';"! If :t ! tj if . !,' VtV 1 ' . ,'. 'st' i 1 A EVENING PUBLIC LEDGER PHILADELPHIA, MONDAY, JUNE 6, 1921 V- -IOT wh;." , . a , vi m r a x Si li v. i . t Our June Bond Circular d- vcribe 165 bonds and notes ieh we recommend for reitment. These includes Qovernmant and Municipal Bond Short Term Bonds and Notes Railroad Bonds Long Torm Bonds Ask for Circular F-tl Harris, Forbes & Co Pino St., Cor. William NEW YORK Philadelphia Office Widener Bldg. FURTH ER DECLINE INDUSTRIALS w NEW YORK STOCK EXCHANGE TRANSACTIONS PRICED RA3LS We have issued a timely letter summarizing some ot the important railroad stocks which are selling at low prices. Auk (or I. Hi p.K.frsmmiE&co. MrmhT rhila. SUfk l"rliangi 1418 S. Penn Square suite: 300 SrRUCE T6T Tt.vCE 4SJ7 Utrecl irire, "i Ve . 1 ei '; axil all Pnneivn tfarl.-M ymwM utn 11 Jiiiuiiiwinaaiw ', jaz: ht m .i; Florida East Coast Railroad Co. FIRST MORTGAGE 42s 1 Due 1959 This i" a ursi and r n..l ii-ertgagc on Mill miles of road from Jackson ville to Ivev Ww, rio"du This H the only Itallroad rechtnc th resorta on the Eaet Coast and points In Southern F orlda Tl-.er Is an equity hehtrd this Issu renrefnted bv J2ft 000. noo of General Income ft-,. Bonis ond 12300.000 Capital Stoen. Price and Particulars on Application BIOREN&CO. rXahlUhnl 18R5 410 Chestnut Street iltmticra of Philadelphia o'iri Xe a York Stock Exchanges vmmmmmmmmwmmvmmiim Sugar Groups Woro the Softest Spots Tight Money In tensified the Selling New Aorli, .limn L- The fmlrnry of lodn.v'i stock innrkrt wns very dictinrtlv rrnoi'iiniirj , nltliougli tlm rrtrnnrnde novditenl vvna largely ron fined to the .mliistrinl dlrMon. The rnilrniitH re elreil wronrinry eonlderntIon nntl. npnrt from the few atoolcs of the rood nffeeted by the Colorado flood., there vns little vnrlatlon In prices. While 'here wn nothing pnrtioulnrly disturb- ns in the oier-the-week-enu develop ment' Mifflricnt explanation (or the eon finned oftnec of the inilutrlnl group vns eailly to be found in the light iioney market rnmlitlort. The eall loHn renewal rate win fixed at "j per rent. the hlphr'f Initial rate rdni'e Inst Fob--unrj Coupled to thla was the further inrtiletiieni In foreign exelmnc? with nnolher harp break In Nterllnu. In different group of the induntriRl r.tlion there w'.n uumlptakable evi 'lerire of reeurrent liquidation, but there wn no Reneral elMnT movement . A a matter of faet, the day' operation differed but "llshtly from the program tarried nut lat eek. ronwlfslns verv liirge'j of aratterlng drive to uneover eaker pot. Continued tinsntiafne tnr trade . enuitions in both the Migar end motor inihi'-trj naturally made lhee particular group- more Mi"eeptible to the raldins taetlrx Other Indus trial group. I'oweve-. were plainly nf fertrd. parlieiilar! the shipping -hares. 'I he steel ii-iie r.'o ritin lit for eon- e ted pres-nre with 1' S. Steel for the flrM time in a long uhile showing weakness The -o-ralled foreign oil sto -k ivere likewise found vulnerable In t-uth. pnibl.v with the exception of a few of the equipment shares, alnio-t the entire Industrial quarter was more or less under celling preure some lime dtiring the session The yleldlug tendency of the market a more mrprlfing because of the gen eral belief of the over-exten-irn of the ihort interest and the continued con jplciiouK absence of outside liquidation. The letter wan ajain confirmrd in the diminishing dealing accompanying the declining price?, which virtually brought the market almost to r. standstill by midday. Sugars were the i enter of an active selling movement during the morning, l-r-ing 1 to -1 points on another cut in the refined product. American Sugai Hennlng touched ihc loiet price in over a generation Shipping, espe cially I'nited Fruit, extended 'heir declines and all the oils, notably Itoval Dutch. Asphalt and I'ieree-Arrow pre feired. showed increased heaviness. Motor accessories, chemicals and motion picture specialties also loet grouml and I nlted States Steel forfeited a point on extensive offering". Colorado Fuel and I'nlnrmln nnrl Southern Kailuav lo-t 1 g to 2 point, respectively, a- a result of y atesi advice from the devastated -et -ll tion. 1 SLIGHT SHADIKG j 1 IN LOCAL SHARKS Electric Storage Battery Finn in Face nf Reactionary Undercurrent id aP fa? in i a S'ecuritv iif irlno!p.(l atlequate rnturn .inrt ready salnhllitv are tn portant conjlderatlons In purchaidng Bonds for in vestment We are glarl tn aih upon any invetmen ol request. WlDINia BLOQ. PHIUOIlfHIA Amiw, lUJth, ,.J Air Yati Snct Lxtimpt in nam lUusrrM. m. l l" tr i .11 I i We offer subject I $1000 , FORT DEARBORN HOTEL BLDG. Tirst mortgage fis due pril 1. 1923 Interest April 1 and Ort. 1 S1000 WESTMINSTER BLDG. Tirst mortgage 6s due May I, 1927 Interest May 1 and Nov. I Interest Pa; able at S. W. Straus & Co., Chicago PRICE )7 AND INTEREST Would be interested in firm bid. BAUER, STARR & CO. Inv-cstmrnt nankera Land Tlt'e llnlldlnr Philadelphia When the surrounding unsettling and depressing Influence and condition!, are taken into consideration most of the more popular local shares held their ground well. As might be expected considerable irregularity marked the dav's' operations, but all recessions in prices were confined within fractional lines These In main were the outcome of the nariovvne of the market rather tlinn the result of an extension of -ell In- orders. Pcnrrvlvnnin Railroad and I'liited fia Improvement were the softer spots The former yielding to Xir. while the latter reacted to ."..". In both -tuck- the ttndine was verv light, reflecting n M-ry scam huving demand tin the other hand, in fiuc of nnolher semi -collapse in the automobile and acressorv shares in the New York market, and the re actionary cm rent runti'ng under the general list r.loctrir Storage I'.atterj tli-nlnveil uoiab'e firtiines and in the afternoon was ndvanml nlmve ll)!. making .1 net gain of 14 boiit the only other feature of com ment in the remainder of the list va th continued freer offering of Phila delphia I'.'c. trie, pfd . and Pliitndelplu i Kstiid Trniihit The first named inol cated organlred support which kept the stock strongly pegged at 'J."ir'. Hnpid Transit shaded to IT-1! Few sales were made in Kehlgh Navigation at fM'a and American Stores vva still taken at .7.)'. Philadelphia Stocks flalaa 400 100 1100 tot too isoo 10 M0 tMO 700 ton ton 1300 AOQ son too 300 3200 too ton too too too too .00 too I0T00 too 1000 too mo C700 M0 ?a mo son 400 000 " 300 H too .ton rnjino 3000 .MM son too n too I ROO 100 300 too n ioo 100 ino tooo 7 400 400 400 B! loo r.on sooo 300 0 gtoo too lien Aon 100 too 300 too ton ton too too :oa ton 3700 100 200 500 200 too ion 4100 ::oo i 8tno .inn ton fiftOII .uoo too Jioa r.no zoo inn 1300 '00 mn ioo non ton inn 300 ioo 18500 200 toon 100 1101 100 4011 ioo 3on J" I DO son ioo ?00 too 100 too 300 J300 7400 400 itOO 400 inn ion Dlr. In I Adams Express . AdvAnoa Ilumel.v AJax rtubtmr Alaska Gold Mines Alaska Juneau G M 4 Allied Chtm A Dye, Utah tt 14 . 31 H . tK 41 1 Allied Chetn A Dvo nf . It 4 Allts-CImlmers . . . U s Am Agrle. Chem fn Am Heet Buirar. . . IH s Am 13osch Magneto. . . tl4l 4 Am n Shoo Kdy new . 4!4 Am Can ... 30V5 II Am far ft VAy. . H'4 Am Drus; Syn . ... Am Hide ft tcathr . tt!i Am Hide ft Leather pf W 3H . ' . 30 S . 81 . IS . 40 4 , i . ni i . 00 4 . to , I04 134(4 1VH 74J4 .to 1 4 Am Intemat Corp I Am-t.ii France Eng Am Linseed .... Am Llnsoed pf . . o Am Locomotive . Atlantic Pot Am Smelt ft Uef . . . Am Safety Razor. Am Smelt Sec A . 7 Am Kugnr Ref 7 Am Sugar fief pf Am Sumatra Am Tel ft Tel tt Am Tobacco . U Am Tobacco B. . . . 7 Am Woolen Am Writing Paper pf Am Zinc Iad & Smell n Am Zinc ft Lead pf . . . 38U Anaconda Copper .... " Assets Realization . . 3 7 As,so Pry Goods 2d pf . 7 Atlantlo Coast Line. . . , A A tell Ton ft Santa, j,'c St All Gulf ft W I S 3. . 7 Baldwin ticomotlve. Baltimore ft Ohio. . Baltimore ft Ohio pf. .. Bethlehem Steel 3 Bethlehem Steel H. 8 Bethlehem Steel ff pflOO Brklvn Rapid Transit H Butte Copper A Zinc 4V Butte ft Suuerlor Coo 12 Caddo Cential O ft R A California Packing1 Callforn n Petroleum S Cal Zinc & Lend. 10 runadlan Pacific Central Leather 7 Central leather pf Corrode. Pasco in chandler Motors 4 Chesapeake ft Ohio. . Chlcnco ft Alton . c & 13 1 pf ct 1st as pd Chicago ft Gl West pf fhlf.apn Mil St P. . .' Chicago Mil ft St P pf 43H a Chicago Northwestern ; s Chi Pneumatic Tool Chi R t ft Pac. . MH n Chl R 1 ft rtc 6". pf no, Chl'e r-opper ihlno Copper Coca-Cola 3 Colorado Fuel ft Iron Col & Southern . n rolumb Gas ft Klec Col Graphophoie 7 Col Oraphophon pf 4 Comput Tab Records Consolidated Textiles ; Continental Can Continental Candy 301 70H 41'i XI S2 50 1 4 13 37', 3!i I 113 3sk; 7l?a 2Vi 03 MI4 6 ", OH 1R14 3SU I Hi 34', 30 H 3 30 !A C' 30 37 T, l',4 4&'s 1'i ". rnntinental Insurance M l Corn Products Rcf .. ' ,.-iO I'osden ft Co . ... 301 a Crucible Sieel 'S14 SO 1'ub.vn m Sugai " ; Cuban Amer Sugar p' Pnhnn ('fl-ie SlJCar 13 i 'uban ('in. SiiK.ir pf. ?u,.i I Davlsnn C1iiuIcaI . . 10 Hel Uick ft Western .' . Denver ft R'o Grande. Denver ft Rio Gr pf 1 Pome Mines Kndlcolt-Johnson 7 r.n'llcott-Johnson pf . . . FIrie . . 1'rle 1st pf . s Famous Players 1, s Pnmou Plavers L f Fili RuWir Fieeport Texas . . (i.iston Wms & Wig Genera! Asphalt General Klectr'.c 1 General Motors a Gen Motors deb 6'o Goodrich B V. 7 Goodrich B V pf ; Great Northern pf . . Guantanamo Sugar . . Homestaka Mining 3 Hv'lr.iullc Steel . . 1 II ipp Mo' or Car. 7 Il.inol Central BO IiuHahoma Tt-flniiin . Inspiration Con Cop . Inie.- Con Corp ," Int H.irveste- new tnt Mer Marine. H Int Mer Marine pf . International Paper International Nickel Invincible Oil Corp . Island Oil Jewel Tea Kansas City Southern. .10 "2 :?n l'i IS'-j 03 ' or, 14 "0 70, i4 I3U !' 1 A41 I !.. U lO'a r.4 31 l'i 77 113 .V ."i7 il 1l' CO', i 34 4 ' 13?. 4tl4 OOi-i !? 3,' s i: i low o 14 17 M H m 41H I SJH 4514 31 H 31 K 40 1, H I31U ll'a SIH S7H 30 OH 84 14a 40 Si 71t 74H 904 Wi 104 H 133)4 133 ,744 30 '4 '4 3 .70S 3 S M'l SI 3R 40i 0(, S3H .I' 100 13 4s 13 13' &7W Js 44 llt'4 30 'v 71;. 37 et'i S'l en, 3S 43's 4Ta " 3 37 "4 OS' j 11 34', 3GH ?H .10 'H 30 37'. 1' 4), I'a 03 B.V "', (13 IH St It's 3; 30', C30 V n IS'4 ,31j 95 13', "0 70", s 131 , IS'. I 83S 1 33 U 10 01 34 M 77 ',, B .11 II II 901, u 3t 4 74 I3H 47 "4 ny2 us U',4 3 9, s 3J 4 1:30 Nat Clois Ch(. 14 - 1 H IH U4- 1 I - H U -4- 14 4K- IH 31V4- 1U 4H- k 39W 134 '4 BI1W- m- 3714- HU SO OS S.4 - 114 40 U - 78J44 14 H '4 H 3H 14 ' V, A H !4- a 'A 0H- 84 t0lf 133H 131 - 7414 30'4- 38 - 3914- 1 31 5i 81 36 -7H r H -31 L JH f- o' - 100 11 13 -131-j-07 !4 -r 30', 4 -4W- iti- H 36-.i Palea C00 100 700 M01 too A 100 too taioo too too 140 100 too 100 too 4300 300 4000 700 200 700 JIM 300 A00 300 too oo 1100 300 400 w 300 a 300 too -too too 1 1 Q fft 1 n son 11. iMlion 'C3 310 'lOO Casoo Orion 800 ion 300 100 4300 ES 400 800 l'v. ... . in t Ulan iv? - ... .. , 4 KellySprlngflsld Tire, as 3n "f":.- 70 19 -S 0 Kelty-8jf Tire 8 pf. M Kennecott Copper JIT1 1J4" !'4 14 174 ' H Va I !4 H HI 7114 - 37 -83 i 3S - 814 38 -43t, ! 841, -3S -33 M -A0H II -14 '4 -3BH -3S -30 A - 0'. 30 37'4 IX U 4.i",- I 'a L 83 -V 835, -3914-R34-IS -M -ii'a- 3SH t-.70'j-?30 'j ' IS'4-I os 13?,- :o 7 Of, : t i3!i I3'4- I - tiJH-133'4-1014 04 -314-7-8ft - H'4 3 J II tl no; ' 3 - 34 4 s.7'4 13', 47U- I4- 14i - I4K,- 3H- 8 37 i U H 14 H H U H H ! 1 ! 3 I 14 '4 '4 !4 '4 I '-4 IU H '4 i I's 'i Ms I 800 1700 1300 3300 1000 303 800 100 1100 3400 3100 300 100 100 100 801) 1400 ion 4on 100 1700 0(I 3!00 100 (on 800 3700 zoo 400 too 400 too too son tono .ion 300 30 r.000 too 3010 non 10.1 3D0 490 9400 100 too Ann 101 inn .ion 3303 300 18700 100 .100 30 300 30 on toon 100 301 100 inn 3(1 son ton 10,1 400 300 100 6011 400 ion 400 Kavstone T ft R 1S14 Tnckawanna Steel... 4IH . Lake Erie ft West.. 4. H 1 Lea Rubber Tire 18U Lima Locomotive pf. . 1 t Loewe Co 14 1 Loft Candy ,lHi 7 Lorlllttrd Tobaoco pf . ." 7 toulsvllle ft Naahvlllet014 7 Malllnson A Co pf . . . . 66 7 Manhattan Elev guar. 40 . . Market St Uy pr pf . . . Marlnnd Oil "W 13 Mexican Petroleum ..1MJ4 3 Miami Copper '3U 1.60 Middle States Corp... HI .. Mid vale Steel H . Minn ft St Loul 114 Missouri Pacific ,314 . Missouri Pacific pf. . 43 3 Montana. Power M . National Acme Co.... to fl Nat Enam ft Stamp.. 31 Nat R of M 1st Pf . . 814 . . Nat R R of Max 2d Pf . Nev Con Copper 1114 fl N O Tex ft Mex 61 New York Central.... 60 . New York C of St L. . 1 1 80 Now York Dock 31 . New York N II ft II.. 18 H 7 Norfolk ft Western... 08J4 3 North American 9 7 Northern Pacific 31 V .40 Okla. Prod ft Ref 114 2 Orpheum Circuit 11 14 3 Owens Bottling 81 Pacific Pevel Corp . . 18J4 Pacific Oil MJ4 a Pan-Amer Petrol .... 65 3 Pennsylvania R R. . . . 34H Penn Seaboard Steel. . 9(4 Peoples Gas Chicago. St . Pere Marquette 33 V Phillips Pet 13H Plerce-Arrow Motor. . 111,4 Plerce-Arrow pf 4714 Pierce Oil 8H s Pierce, Oil pf 63 n Pitts Coal 604 s Pullman I00J4 3 Punta Alegre Sugar.. 374 4 Pure Oil 30', Ray Con Copper 13'a 4 Reading 31 y, . . Remington Typewriter 31 Republic Iron ft Steel. 55 ft 30 Roval Dutch NY "0 .. St Louis San Fran... 35 .. St Louis southwest. . . 17 J, St Louis Southwest pf 87 Santa Cecelia Sugar. . 3J4 . Savage Arms 13 . Saxon Motor 3 Sears-Roebuck 76', 7 Pears-Roebuck pf ...104 f'enecn Cop Corp. ... 16 . . Shattuck Arizona Corp 7 Sinclair Oil 3?a . Sloss-Sheff . .. 38J,i I .Southern Pacific . . . 73J, Southern Rail . . . . 30 3 Standard Oil of N J. . 136 7 Standnrd Oil of N .1 pMOOH 3 Stewart Warner Speed 33H . Stromberg Carb . . . 37 7 Studebaker 73 1 Submarine Boat Corp. 7 .. Superior Oil Corp. ... &X Superior Steel lstpf.. 07 Tenn Cop ft Chem 814 3 TexaB Co S5'i Texas ft Pacific ..33 1 Texas ft Pac C ft O.. 33K 5 Tobacco Products . . 86 . Tol St L ft West ctfs. 1054 Trans Con Oil 9 S Fnlon Baa- ft Paper... 68 . Fnlon Oil '.03, in Fnlon Pacific 119 I Fnlon Pacific pf 64J4 . . Fnltcd Alloy Steel IS S United Drug 89 S Fnltcd Fruit 106H Fnlted Itwy Invest... Vn 3 Fnlted Retail Stores.. 58U IT S C I P & Fdy.. .. 15 F S Food Products... I9V4 . F S Ind Alcohol 61 '4 F S Realty ft Imp ... 51 S L S Rubber G4 V S Smelt ft Ref 33 n F S Steel 80 7 V S Steel pf IO8I4 4 Utah Copper 33 Ftah Sec 10 Vnnadlum Corp 3!4 Vn-Carollna Chem ... 39 H Va-Car Chem pf . ... 754 Vlvaudou Inc 7H Wabash fiy, Wabash pf A 33' Western Marjland ... 10), Wr.il Maryland 2d pf. 1S4 Western Pacific 37)4 7 Western Fnlon Tel... 87?4 7 Westlnghouse A Brake 93 4 Westlnghouee E ft M. 45 s, 4 Westing n & M 1st pf . 58 Wheeling & U E 9'j 4 Wlilte Motor 34 White Oil Corp ... . ttli Wlllys-Overland Njj, 5 Wilson ft Co 30'4 Kx-divldfiid 13(4 49H 13J4 38 91 U14 1914 105 10914 66 40 39 1714 148M "14 1174 3 H 1' 914 4114 A3 1914 51 H 814 4H 11 0'4 68J4 51 30(4 18H 90'4 51 7.'4 3 3414 36 1314 SIM 64K 34 914 51 33 '4 31H 31H 47 8U 63 5 ?i 084 30 39 , 13U 71 It 54 'a 87 '4 34 '4 !4 37 I'-i 15 3H 76 104 154 7 31 ? 384 74 20H 136 ion 31 37 7M5 A '4 Of. N',4 35 23 14 13 '4 33 K 10'j 81-4 TO 68 30 11814 8414 34 54 87W 103H 58J4 15 1914 605i 30Vi 63J4 33 7 OF, 10SU 51 It 10 39 A 384 7314 7H 8 3314 1H 184 T!4 S7H 03 45' Si 9'4 34) 2 II 814 30 ' I r nuninn nninrn '.- mm YMfo : n ,i:3o Net ... sMirtr ninirT I'lore Chse. nil 1 1 1 1 1 111 HnllllI I m bUKD IVI AKIt I Oil 1914 - 14 134- 114 49H . 13H- H 38V4 - 'A 91-1 13 - 1 10)4 US 10914 14 66 - I 40 - 14 39 - 14 17(4- H 149 - X 3314- H 13' . 25H- H 13 V - V 3Hj - 14 4114- ! rsi 1 1914- 14 51 H- V 8(4 14 4H- 14 II - 14 60(4- 1 68J4- 1(4 51 3014- 14 IBH- 4 9514 - H 59 7or4- 114 3414- " 30 - 3' 114 33 64H- 34 H- 14 914- 14 51 - 14 33i - 14 23H H 33 47 8'4- 'a 83-3 3ft?4- S 99 1 3714 -t- 314 39H- H t3J4 - 14 7IJ,- ' 31 55 58 - 114 344 14 37 !4- H 37 - ' 3!4 13 - ',4 34- ' 78 - !4 int 16 14 7 14 31 !-4 3"4-l Vt 74H- H :o4 - 14 136 4 inBM-r !4 33 '4- 1J4 37 71 Ji - 14 7 -; 14 5H 14 97 814- (4 35!4 . . 33(4 - 4 33- !4 55H- J4 1014- 1 8H - 14 ns -3j4 30 - h H814 14 6414- ' 34H- IH 87H- 17a 104'- 2H 9J4- 14 58'4- 14 15 I0J4 'A Gl 30',- 114 63 4- '4 33 '4 79X - 14 108' -I- ', 517a- 14 10 - t 3D 14- H 3S'4- I 73 Fa - 374 TX -. 8 - 14 32'4 'A t0 !4 18H- IH 3754 . 87 H- ' 03 - 1 4514- 4 58 -r 1 m- H 34 H- H 1114 Vt 8J4- ', 30 - l',4 Hoavy Soiling of All the Stocks Other Movements Woro Narrow New YorU, .lime 0. There was n general lowering of quotations on the Itrood Street Curb today reflecting the further withdrawal of demand from round current levels and it was almost imnossible to make transactions with out material concessions in price. The financial and trade oltuntlons were doui forced Into prominence again by the announcement of the proposed increase In the capltnl stock of Anglo-American Oil of over 200 per cent, the bulk of th nun' utneb in be made a nrefcrrdl Issue and ptiltlnff a. large charge ahead of the present stock. This announce ment had a natural Influence of causing heavy selling1 of Anglo-Aiuerienn, which yleldcM over 3 points to below 10. Standard Oil of Indiana was also in heavy supply, showing a further loss of to OOV3. and nil the independent oil stocks were pressed on the market at lower prices, but without disclosing a substantial demand even at maiermi declines. The. movement of the petro leum group generally was regarded a indicating a belief that the oil trade will soon be in the same position ns the copper nnd sugar industries. Industrial stockH moved within a narrow range, some of those issues being fairly well held, but there was n gen eral absence of inquiry and the buying that came Into the market was chiefly of a supporting character from Inside interests. Glen Aldcn Coal was traded in at 41 to 40ni. but there was no biminc in I.acknwnnnn rights or Reading rights during the first half of tho day. Inter continental Rubber was heavy, selling down to 8Vt. Sweets Co. of America sold nt 21J. Acme Coal was again traded In at 1 14 nnd 1. Chicago nnd Enstfrn Illinois issues were firm, tho common selling at M and the preferred at 30. INrtCRTRIAI.S Acme Coal . nrli Arrwr Tob coup nmrlre Pood Oarland fl H (lien Aldan Coal C g III , , . C ft K III pref . Perfection Tire . nadlo Com picf stand Oaa Klectrle Stand (! A K pref Sweeta Co . . U S niatrlbutlns IT B Ship Corp tr B Hteam . , United Profit Shuitnn High IS . 13V IVi 1W 41 . 14 . an 3 1 3S 2;; A irw 1 4nu 14 30 tl 3 12 35 'i 11:13 A M. 1?" 12Vs I1H 40i 14 30 II 12 .13 324 32i 1?4' .STANDARD DIT.S Aiulo-, mer Oil . 17'4 Stand Oil of Ind . . 70V. INDKPKM1ENT OILS IS (10 Commodity Markets COTTON MARKET " '" , have the whip hand and it may be able I 1 to force buyers here to pny full asked pri'O. Towuul 11 o'clock pi ices took n shnrn upward turn on the receipt of 1 1 ft .r.l'y. mini-iil',- Nt chur Jap. Govt. 4s, 4V2S & 5s Buenos Aires 5s & 6s Argentine Govt. 4s & 5s Chinese Hu Kuang Ry. 5s Chinese Reorg. 5s Brazilian Govt. 4s & 5s Inquiries invittd from Ranks nnd Broker. COVPN & CO. 67 Exchange Place, New York Te'CDhone P.ei-or r,700 H'ir i .i J", i ii ."II' .7.1 1.. 144 F Sl..r HlU', llisi, 1 1 m i lien Vvpi, tl",', n:1,-., .". I.- , .n OIL. UP . I'lKI ill' Cent I Light pf IJi... 4JK. Wy-r '; JIT Pa R I! ."..I lilft. ".tR - '4 '.'1 Philn Co urn i.f :VJ1, .'12, .TJ ', I 1 Pi.i'n 1','e, o'H -Jl-I, 'JlTi. . :m do pref -jrA, .'. s.Vs, WZ Plula H T lTv 171, 7 '. ''. 'Im. Hi! I ', 1 ', l'i .V i .v. it.i :f,'i :;.r. ::.'. i, 17 d pref hit. in". m I'llII.MIP.I.rillA 1IOMJ-4 IIFMK1 I.ibeif I','.. . . S,.7(l '.'.710 l.ibettv '.'d t',s M till i not) i,ib u'v ;',d i'4s . . on u.i 2300 Libertv -If li ; .. .. SO. 72 2.'rV) Vlctorv 4s, s f'S fl f'000 F.'e-trlc kc Peo 4s. . . .lols ",... fifrfl Kleetrie Peo 4 . . . .lots ,7J ."00 Pennvlvnnia li'... . Hfl V.ihhi Pennsvlvntila ti'js . '.'."'i IO.KI Pn ladcltdita Klec 1st ."is. s:;i, pill Phi'ii-'i 'phiH F.lec lt . s DIVIDENDS DECLARED ' ftli r Ila' ' i ! J ' ' l r .. j ,i , I i tir t 'it Pi nr .i n' vif r-r pi tb e Ju v 1 to at xr-k of re.v r-i turn 3" Nn-thfrn 'ihlo Tratllon and I.'Sh' " ft ''r jujrlfrls 1 '-, rrr cm on p-etrred ti- l imil)1, July I KiL'l ii atucKhnldara nf rfm-.l .Jim ! ft 101 I'rlld ll' IB ' o r.E'l'ar 'nlrr. f sT il'a on Srst prefrr'l PJ4bl AuauRt 1 i siof'4 ' r 0"l J up t. Hup: Totq r ( o'perauon rt,'ilnr fUrmi ' II 7-. nn p-feri"l ps .il " I i I trt ,- U .' - -! J t n improvement in r.ngusn couou special advices reporting aaiuos 10 mill and coal strike news was a factor (n "00 rcis higher and Rio recovering in bringing about tivmness in the cot- ad soinK IOO to ICO rels higher, ton market this morning. First prices Karlv sellers covered on this news, here showed guin of .1 to 18 points, coupled with a good trade and outside Wall Street was a leading buyer, while (mad, prices working 11 to 12 points Southern wire houses and New Orleans above initial figure. Private llrar.il sold. Liverpool interests traded both advices state that the Federal Covern- wnyi Some of the local operators mfnt there has taken over one and bought small amount, out ine iihthh" tlircc-quarter minion imnn " r. from s!iitlierii sounes mien ine iifmiinu far and intend t nnd priies at tlic end ni me nrhi uiieeii (hkj.ooo bagh incie. iHiiiut"1 were off 10 points fiom iw 1 . top .ni.l n (ouple of points under atm i FOREIGN EXCHANGE M30 1'here was a decidedl.v weak mm lo '.."si th foreign exchange market at the 3 l" i nneninp tudav. rates on the principal 1 1 dnj's lo Pl e rl'is- dp-n n lul. 1'JW ';2J llr ni. 13.'.'. 'J J: n.r.iri.r . "5'i J ! linunr- 13JJ 1 Mir-h 1-e3 U to LONDON STOCK MARKET Oil Shares Were the Active and the Strongest Features Ixuidon, .luue 0. Oil shares wero the KroLgest features on the Stock Kx ihange today and trading in the group was active. News .of the Shell Trans port nnd Trading nnd Roynl Dutch Petroleum dividends counteracted the effect of the niinoiiiKi inent of the in ci ease of 7, 00.0,000 in the canital stock and intend to take upward of of the Anglo-American Oil Co. Shell i ran sport ami 'trailing was 7i and Mexican Hagle 1'. In the face of a plentiful supply of nionej , gilt -edged investment issues drooped again. Con tinental loans also sagged, nml Mexi cans, too, were tlnbbj. Home rails and iniliisiiials were mixed, and the unfavorable labor Allied Oil 4 noon Oil 1 Iloaton Wyomlns . . ' Carlb Snd 7'i Oltlea Service "H" ctfa . 2fl Denny Oil j kik iiasin risnia . . . , Hlk Ilaaln I'et 1 EnaMneera Petrol '4 Federal Oil 1S Hudaon Oil S Int J-elroi nx Keyatona Rancer Maracalbo Oil 37'i Merrltt oil S Mexico Oil 1, Noco Oil 7 Noco Oil prof 4' Omar Oil a rrodurer tr neflnera 4 iieii nock on nyutf Cona Stmms Tet y Hkolly Oil .. lexon . . . I'n Texas Oil United Rovalty MTMNO Alatka Br-ColumVIa .... Atlanu llooth Host i Mont Caled Mln r'andela.rla M Cortei Stiver I reaaori Ocln freaeeot MeNamara . . Dundto Arl; Kureki Croestia f.urcki Holly .... Cold Cons Cold Devel Gold Florane floid Kwana old Silver Tick. Gold Zon IS Great llenl 1 ltecla Minim . Iron nionnom . . .. 1(1 .Tumbo Extenflon . . . R Knox Divide 1 MoNamara. I ft Marah Mlnlnu r. Mother Lode new . . ft'i, National Tin . ... l plaaln.VT . . . 4'i North Hfu V nex Cons ... fV Rfchester Minis ... (I Son Toy a Mlver Kins tilvlde . 1 Wmon HUla Nev -'" Ho Am V 4- G ... ft'4 Si Hllv.'r lad Success Mln TonopuH He"lmont . . Tnnopvh C'aiili lf" Tonopah Divide Tonopih Kxtcnst-in . Tonopah-Ilm lluller Tonopah Midw tv Tonorah Mln Tonopah Mlapsh 'l'enoph Montana 'I cnoi il i K-cu Kula UnltevI Kaalcrn Victory . . Veat Knd Con VI lilte s.-.hw Wllbert 4 jo s n i" 3 02 l 40 7rt l' II ' 58 Hi 7 1 33 1 GRAIN MARKET ( hicaso, .Line 0. Wheat stsrle-i 1 m, 1 rf(l'.; cnts lower for .Inly, and 'i to' 11 . ,'nnia r.ff for Scnteinber with s'.U- i i .A r . i '.II.UIIIJ. I A .1. ' ' ... ." Ill 'Si"' Kuiopean centers, leu oy siernng. which 11 9f" wa off 5 points, agnin showing further 'sham declines Traders ( hnnii ter'i7. d ttie weakness aa n reflex of the Minn tion last week, when an almost entile nirsence of hid was the feature The oiintat ons were: Merlins c.i - . on, .1 1 ' S.I .SO' l ; French and .. ., j i i h s .1 Hi demand u.ni'i im'-icm hum lered local selllnB. ollowerl In l,l"B , Vleln cabfp" S.04. checks 8.03; lire bv n leading lomnilssion house he , I cigmn laui Inner resulted in .1 quirk, recovery from i? check 17.14; peseta cables, 1KR. checks Fi.W. guilder enisles 33.80, checks 30.7.1; Stockholm cables 22.83, checks 22.58 ; Christinnla cables 1S.00. checks ILO.'i; Copenhagen ca bles 17.C0, checks 17.45; marks 1.51 1. There bus been no change in the for- eicn exchange situation. 1 ho cause sreerirae VV .r.'n r.l'l nr 1..M' psr ' ent i.n immon pasan',. .lit mi'tk ' - "ird lun IS a'ko rre n irl II 7'. on prfe.r'l iiaiabl tf Hfir if Itfflid lun IS H o jiine I', dii'l n ip, m 'JI ' 'JU 'Ml, 1-. in r mljr in r, ,1 r lo I'hlla. Itapld Transit Co. 3a, 1937 Janney Ilurrouglu 1st fl, I03S AUantle City Klectrle 5a, I03S MuncU Ulevtrle Light Sa, 1933 Consolidated Textile Co. 7, 1023 6outheril Pacllle Kqillp. 7a, 1033 SAMUEL K. PHILLIPS & CO. Member, riilludelphla block Kxchanca 407 CIU58TNUT HTKKIJT United States Treasury Certificates int Hate AH f. tsfl'l . 'ft1' a t'fi ftlj r,1. Matunne r4i .lull ir. ld'JI AUK IR I'l'.'l f-pt IS 11(21 HeM IS 121 Oct, is. 1621 Oet IS 1021 flu IS 1021 Feb IB 1022 . Mae is mi',; c. a. jt AiTOJN & co. ID A CIIKM'MT HTsV. BANKERS .II.sCi"l4Nnw ""'i .-;..-"--r--- -- . .BSI ni 91UIM BOa ! staak Kaahaaia ...... ....... ha.M, wl.','ei ""til ii'Jlllini fiiivernnent lurnne ' Ac eptft .It' 'r.r pani;r due on n i v r msiur ' Bid Allied Tleld Kmi KiO 1.1A t SO IOO MB loo 3.11 4.(12 100 IOO S-32 fl (il ino'i loovi s on lOfl IOO 8-.12 S.17 ton i-in ioo ,i-in s i . ion p.S2 inn is. .12 ft 20 ion in" 1-11 r a ion's mou r, ;m federal roieien llw, rnrlv din Receipts inspected Snturdnv eighteen far; last year ten years. Cash market 1 tirm, with spot premiums advanced. De mand fair and offerings modernte Flour muiket tinner, with leading brands ... cents 11 bnrrel higher and rve flour steadv to 20 lent hi;her I. ant?: Hill 2:; (Oliies up for vole lit Springfield tomorrow Weather teports show Eei.e-nllv lear . conilllioii" vvuh tenuieratures sllghllv 1 below not inn I. Such conditions are ic- giirded as favorable. A confcrcn'c 1 I to be held at Washington next week j between Secreiarles lloovei nnd Wnl- I lace and grain interesis with n view of providing storage facilities to farmer I desiring to withhold their grain from I the market nt harvest lime Sentiment 111 the trade 1 mixed w'lli the improved crop outlook nnd t.ie strength in the cash situat on tne iln"f conflicting In- ! Iluenees. I Corn sun ted uiuliangeil to 8 , ent lower for .lul.v and unciianged to cent lower for September. House with nniinpn 1-nrineel innv hnnrht after t ll 0 Hin.'i'i w....-. m ,. .. o, tii .lib il"' start nnd the market bad a quick rally. Demand s.ssU 8,21 llivcini hi, wu.i itifc vj .. ...n sion house. Trade light. situation checked buying. Support wn given to Grand Trunks. South Ameri can rails were rnlntcresting BANK CLEARINGS Hank clearlnu tO(la (ompared with ror lesimodini,' Ua last two veara 121 19JH (H( rhlla ..J7 217,452 JIS20(i,!ilS 101.Uft3.JUB llostnn . 3ft.H2H.01i7 47.ftS.'l.oii', Haltlrnolo ll,423,lfift ID.e.'S.M.I 10..1 1 hiciao. 74 WIS 101,078.210 Raw Sugar Market Easy Ths Increaslne eaaa In the raw sugar market, coupled with a alow demand for the 1 'icd product. u reflected In a further readjustment of prlcea for refined aueara thla niornliia when four ot the local reflnora and the Pennsylvania Hugar Co.. at I'hlla- A polnta nt for cash tenarations na.vment and the general , The raw market I 'iukt at ai.nu, 4.R.1 adverse econoinii' condition of F.urope , dutv paid. asserting themselves. Later uotalions. .J'VoTo 'fiS. 'AtH lJ nterung cames o.oii'j, uuiuunu n. 1; n ir n iw ii't n 11 ?,V 17 SiV 3 1 R 3 3 1,4 a s'i IH 4 S A S 4a 1 a S2 10 30 va ttJ u s n7 ti 7 c 32 J ft 1ft 1 am in 11 1 ir. 4! 1 Jll ft lH 3 ft e In li 11 1A lm, 4 1 41 " 2 '. A 7V4 IIOMIS Aluminum 7 Aim Aur Chem 7' Ainn Tel Ha '22 . Amu r.l il '21 AnatonU 7s '2(1 I eth siteI "s 1ft Cnn Nit Its E'l '.IS Copper Import Sn '2.' (oppor Kipotl Ss 2t i ns (lJ s (on f-x (Jrank Trunk Mj s Humble Oil 7s Intnrhiri 7 l.lbbv Mi-Nell 7 Peara-nobur' Ts '22 Sears-noebuelt 7 "23 Feulhern nv 7a h(Uthft Hall 7 hn N i' Us s, N; V 7 j 31 sun Oil 7 'lrxaa s'n ,a till Hv Hwani 7' A acuum OH 'a Went Elee "s . - Illl'a nnvs . Hii'S lift's (I2"s (l'4 10(1 UUI's rm 10(1 07H '.n'n Oft", 71 (1(1 nn's ;m 1,1, lC,i , lull tnii, in.-i' (IV. en, (it ion 1l t'.l li'ii (1ft o.ii; 1111 Ilia's 1'lS, tOil CUV, 71 'l", nn's tin "i 11 '4 ii if. mi' I' (': "' 'IS-, HI i4; 27' S'4 l'i 7 4i 2 4 nS s 4 1 3 na HI 311 7rt I's lft in" (I is IR ft's I 4U 4 '.l'i rt 3 I 21 ftVs 'i 3 J,r b rl" 1t IA R 17 3V I II 3 om, l'3 111.'. '.11 li'Ji, !l.".'. 100 liilH, urn 974 !I.IVy !V 71 (i i". 'll' , (ill ft IV. Illlf Hill ini', mi1. in inn US. nscrlbed to the violent declines during ' delphla, announced reductions of the morning have been the Urrn.an ! roV". tr.UlM. le" S Mr c,nt o' income U RAILROAD EARNINGS LAXANPIAX r'AvCIFK 1021 Dcrei. irn.ii .-.J-, u.. li.virfuo tsii'i.not Jfrora Janl'ty 1.... 4I.tie.oY ,J3,00O NEW YORK COFFEE MARKET New YorU, .tune II. The local cof fee futuies market opened at declines of I to 7 points this iiio.ning Sonic of the selling was the result of it lucak in the Illo term market of 7," to 2.V0 rels. but in some Quarters this was taken ns a natural reaction nftcr the recent Miarp advances. French and Kelelan cables 8.04, checks 8.03; lire cables 4.88, checks 4.t7tfi; marks 1 .51 , Central European exchanges were ir legulnr Greek cables were 0.05; Ku manlan, 1.6',a ; nulgarian. 1,30; Aus trian, 2;t'j; Poland, .12; Cr.echo-Slo-vakla. 1 tr.ij. Montreal Tho rale of premium on New York funds hero today was 12r,s pr cent. The rate of discount in New York on Canadian funds today was 11 '& per cent. SATURDAY H FINAL QUOTATIONS Hterllne FTanca Lire Guilders i n. M A4.00 3 ft. 14 34.10 QUOTATIONS 8ttrltng Francs n.lHS n.i H.SO't 8 03 NOON QUOTATIONS Demand Cables I. Ire Guilders ft.OO'J ft 01 fierr. mil i 4i'le Sierllnv Prams 3 SO S 03 a sii'j s ni Lire Gulldere I -' . 4 SS Only Partial Holiday Itnkton, Juna (I. The Clearing House has lsued a statement to nosipn banka deelar-Ins- for only n partial holiday on Hunker mil .,. li... 1 .l.a Hitn, ntlaa tn h rnt. Ilrazll seems to Still lowad a,' are obie'rved on Saturdays. ' haga of Porto Illcoa to the National Sugar Refining Co.; Si.000 bags Porto Mcoi to the Federal Sugar ReHnlnc Co . 17,000 bags Porlo nicon to . rbuckle Dro,. and 11,000 bags San Domlngoa to the . merlcan Sugar Itflntng Co. Paris Bourse Inactive I'nrln, June 0 Trading was Inactive on the Ilourse today. Three per cent rentea B7 francs 10 tentlmes. hirhang, on london 47 francs 88 tentlmes lrlv per 'ent lonn S2 frunsrs- 70 centime. The dollar WB, liucied at 12 franca 454 centimes Liverpool Cotton I.lrerpool, June 6. There wa,s onlv a limited demand tor spot cotton today with prlcea easier on the basis of 1 decline of 2 polnta for middling at 7.4ftd. The aalaa wera 3000 bales ,.Th ret-elpt, were SO00 bales, of which 7np0 bales were American. Futures wara steady In tna early dealings Hpot prices were. American nrtddllnu fair. 10 4ftdl good, middling. 8 5Rd, fully middling; S 10di mlddltrw. 7.45d, low mlddllmr. (I 43d; good ordinary. S 20iJ and ordinary. 4 4Bd Sugar Prices Reduced e VorU. June 11, -The Warner Sugar Refining I'n. thla tiiornlns reduced lis prices of hard and soft sugars r. points, to 6,25c, Ills I American Sug.ir nelinlnr and the Na. tlonal (Sugar Kenning Companies this morn fur reduced ths r prlcsa for. refined sugars ft poTnUto Tfl.SJ MnU,, ! 5 Pjr JnV for 9,h for nn ranui., (n, r. k.- MONEY-LENDING RATES WAV 1'onii Money on cull, both classes of collateral, opened today nt per tent for lending and renewing, rnitJMr.I.rniA Call, r, per enl tlm-. B per cent; commercial paper three lo six rrnnths. n Pr ctnt. Note These are tnsrelv nominal qin-tn tlons, tne legal raie er Interen In Hie Stale of Pennsylvania peine fixed at B rer f nut. Plus premium and commission, timr. monev tor thirty to nlnetv iUyn In inaiied at 7 I t'y per rem wenn cominerria I iapl imiu thlrtv to iinet. dais, Is loatinl at 7 to 7'j per cent LIVESTOCK QUOTATIONS Pittsburgh. June S CATTLE Receipt, 1RSO head 8teady Steers S 60BO heifers 7 SftfliS.riOi cows. S(1 50. HO(JS Receipt, OftOn head I.ouer lteavlee, IS08.25, heav , light vorkers pigs, R SSS 05 HHKEP AND LAMPS- -Reclpls 300 had Stedy. Top sheep IS.ftO. ton Umbs Ho f'AIA'KH Receipts lfiOn hed Steads Top. 111. rhltago Jurw (1 --CA'tTLK Reee plj 2V uno head. Ref steers and but. H"r nh elock. 1(lc to 25c lowre, eTpoiters and ship pers buying freely; lop searflng steers s on some held higher: bulf beef steers. 17 ftnw S.nO; bulf fat cowa and helfera 14 7ftIR 50 eanenra and cutters largely $2.508 75 bull, and calvea steady 1 bulk bulla M.B0n. vesl calves largely 8.2seei atockers and fted' era. dull and lower. HOGS necelpts, 42,00n head Active steady to HV lower than Saturday's average: part load, IS.JB; practical top, IS, 10: hulk ?(? P "' hlk desirable ,9 SHE'r.P Receipts U 000, lamba .trnng In Jftr hlBhei tome sprhucr up '1O0 ," r" lambs steadv to iirmn .hern lambs (oi earlv 112 40 Iikki native springs lis -n Callfornln spr eh held highm iP ,!, ers 1ft f ' ewes inosih S.t 7.Mi I ftn BAR SILVER vorninerpiai pr Sliver, ptr eie. Safe Deposit Vault ijji Chestnut Strett THOSE who expect to spend all or part of the sum mer away from Philadelphia may use Fidelity Trust Company to 1. Care for silver or other articles of value. 2. Cut coupons, collect interest and other income. 3. Pay bills, as instructed. 4. In general, act as Agent or Attorney-in-fact. Fidelity' Trust Company 325 Chestnut Street 143 1 Chestnut Street 6324 Woodland Avenue, West Philadelphia Capital 5,200,000 Surplus 16,000,000 Funds held in Trust more than $250,000,000 Do You Hold 4 5r-6 Bonds purchased in times past at prices higher than those, now prevailing? Most investors do and are looking forward to the time when improving financial condi tions will restore the value of their securities. There is a very sure and practical way not only of regaining the depreciation in these securities, but of obtaining an even greater value. The bond which we recommend for the accomplish ment of this purpose is given in Moody's Analyses A Rating of "Aaa" the highest rating given Our circular A-41 outlining in detail this suggestion will be sent on request. ParsjlyBros. &l Co. BLABTKJERS 1A2I CHESTNUT STREET PHILADELPHIA Members Philadelphia Stock Exchange h " "'g-!L-i CHARLES E. INOERSOLL STANLEY E. WILSON . A. D. SWIFT . DAVID R. CARSON . ALBERT H. ASHDY . Preiident Viee-Preiuknt GmKict Ajsiituut to the President Assistant Cashier WILLIAM POST Chanman Executive Committee Central National Bank of Philadelphia Chestnut Street at Fifth Capital $i,ooo,coo Surplus and Undivided Proits Earned $400,000 ' 11 ism 1 at gin nji ManwuaW fal sag ;J 1 1I1 SKvB!5S"fflS: Acme Tea Co. First lTd. Amor. (las & Klec. I'fd. Americim Stores Kirst I'ld Tenn. Uvvy. ,i. & r ij-.j ' HthHV 0. UOfcHlllfoG it w blUUv UMIIAMll. lllll.lJIMt "",, t'rlvnle nienliuiw to Nrly ,k imber. VUIU, Olmk atx"haui. i rn GE0.A.HUHN & SONS Vlemlier.. nf the I'lillm If If,1"' V , ?,. rrl. mill llilmBii sl'"'!. Vinnsftl vvonniiiitiPii urunn rr ,,T,u All tho Principal Mar . ,rf Liberty Bond. Boufllit n?...SV HrlifVi.e (ifil lllik.. 'I'l.Un if Cltf N,X. Ill'llroildwiiJ-. , 'V',',n"f,l ' TI1Muims' -- W 4v - - .el 1 ;,'Vji iJ'ti'tjtl - i n;
Significant historical Pennsylvania newspapers