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26
EVENING PUBLIC LEDGER-PHILADELPHIA, FRIDAY, JUNE 10, 19gl
Cities Service
Company
Cumulative Prcf'cl Stock
To flfarn Over
.9
1. More than 24,000 holders
of record.
2. Monthly dividends.
3. Monthly statements de
scribing in detail oper
ations of company.
4. Broad, active market.
Dividend requirements
earned scleral times over
Circular P far complete
Information
Henry L. Doherty
& Company
G04 Morris nuildinj;
Philadelphia,- Pa.
Telephone! I.ofut 1IKI
I -
Exempt from Fcdcrnl,
State. Municipal and
Local Taxation
Federal Land Bank
5 Bonds
Due 1941
The Supreme Court of
the United States has
held that these bonds
were legally created as
part of the banking
system of the United
States, and arc instru
mentalities of the
United States Gov
ernment. Send for Descriptive
Circular
Bonbright & Company
437 Chettnut Street
Philadelphia
w Tork
. lloatoii
( hiraan
Dftrolt
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 Columbut Toledo
Akron Youngitown Dayton
Denver Colorado Spring
MARKET MOVED ON
IRE EVEN KEEL
Easier Money Conditions Influ
enced Desultory Covering of
Large Short Interest
New Yorli, Jump 10. Dosultnr.v cnv
orltiR of shorts kept totlit.v 'h slocU'nmr
Krt on n more even Ire1. While 11
fnirly iiltntill,il recovery win trEls
torcd the rnll.vlng power of the genenil
Hit vvns mt.v tiling lint vIcnnitiM. In con
eo,uniiec. trmlins lieenme tintlrrnbly Hut
nt the liiRlirr levelN, imlientlnc tile bn -Iiir
dcinniiil lifter the liort rrqiiirpniciits
were filled ooiitlimnl pHlnfiillj limited
AltoRrthef the mnrkct vvns Mirrotitided
by n moie clirrrful ntinniphere n n
suit of several contrlbtitltij- helpful in
tllienre. iioluhle iinumK whirli vvns the
relative easy eonditlott of the mil money
tiimket, with lonni renewing into tiet
week nl II per cent, the lowet Initial
nuotntloii vinee April T2. Thru the
over-night ndvtees from Mexico indi
en ted it more conciliatory nttitiide o't
the pnrt of the Obresnn (inwrnnif nt.
An ndditionnl strengthening element vvns
the fnilnre of mini; of eterdny'- di
conrerting rumors enncerning individ
uals, institutions tint corporntiotiM to
ninternllzc.
Teehnienllj n rnll, vvns overdue mid
a certain nmotint of week-end evening
up on tile part of the professional
traders was to lie looked for unle-ts
"ome cieat disturbing event had turned
i tip overnight. The shrinkage of 'M'2.-
i.ti tons in the untitled orders n ported
bj the I'nited Stales Steel Corporation,
making the month's tonnage the small
est since March. HUH. caused little
surprise: to the contrary, it lind been
generally expected, and as a result was
already discounted. More concern is
entertained regarding predicted further
reduction in st'-rl prices, which it is be
lieved is unavoidable. '
Considerable strength was imparted
to the list bv the continued improve
ment in the country's banking position
as reflected In the statements of the
Federal Reserve IIank. The combined
reserve ratio of the s.vMcm tills week
rose from ."i7. 1 per cent to .is..", per
cent. Kxpanson was even greater in
the local bank, the ratio gaining .'!-!'
per cent to 01.- per cent, against HO..",
per cent last week. The gold ieerve
of the local institution stands at !'".
per rent, more than double of that of a
jenr ago. when the ratio was 1.1.5 per
I cent.
I Selling pressure was resumed at the
I opening i s result of marginal calls. A
' few leaders, particularly high-priced
' oils, showed slight recoveries from yes
j terday's leces'lons. On the reduced divi
! dend I'tnli Copper made n fuithcr de
j clinu of 1 point and Atlantic (iulf lost
l's. Jlcthletiem, t rueiblo, x iiniintum
and United States Steels vvrni fraction
ally lower with Americun Smelting.
Hails and equipments mudc nominal
gains mid losses. .l'riccs steadied within
the. llrs-t half hour on buying of Mexi
can and l'an -American Petroleums and
: linldvviu Uoeomotive, together with a
brisk rally in t'tnh Copper.
! Momentum was given to the earlv
I rally b a 0 pep cent opening rate for
call money. Oils, including General
Asphalt, California Petroleum, Asso
ciated Oil Hnd Pacific Oil improved
their position and motor and tire issue
also strengthened. American and Hald
wln Locomotives, American Car and
Pullman were among the stronger
equipments. Shippings, leathers, to
bacco made moderate gains. Offsetting
features embraced Atlantic Gulf. New
York Air Ilrake. Montana Power, i'a
mous Players, common and preferred,
and several of the gas shares, which de
clined 1 to I points. In the bond mar
ket Liberty 51'ys showed exceptional
strength.
DEALINGS LIGHT
iy LOCAL SHARES
NEW YORK STOCK EXCHANGE TRANSACTIONS J
nic
Site In I
100
101)
ft .100
ttoo
1400
loo
400
400
300
3100
too
200
100
100
300
ion
30.1
SDft
.no
loo
'inn
fltn
too
loo
300
300
.too
300
.190
10000
100
tsoo
100
f soo
I zoo
I '10
3.100
.100
100
.190
loo
.11300
too
too
100
SII0
0700
V90
790")
JIUli
I Air Reduction 31
.. Alnska Gold Mines... M
4 Allied rhem A, Dye... l
1 Allied Client & Dye at. 80 Ji
4 Allls-Chalmcrs M
7 Allls-Chalmcrs pf ....
Am Agrlo Chem " ?
4 Am Hank Note lU
.. Am ncet Sugar 80U
.. Am Can W
7 Am Can pf ai U
13 Ant Car & Fdy 13S
Ant Chicle 20
.. Am Cotton Oil l'Ti
Am KxprpM IZVi
..'Am Hide & Leather.. H'.'
.. Am Hide & T.cnther pf 0
.. Am Internal Corp.... 3SU
I Ant-La Franco Kng... "'a
.. Ant Linseed IS'4
Am Ixicomotlve S3 'A
7 Am licomotlvc pf . I0I'
I Am Oodlator 70
.. Am Safety rtnzor. . . . '
.. Am Ship & Com
.. Am Smelt & nof 3'!
7 Am Smelt & nef pf... 74 Ji
H Am Snuff 1041-i
3 Am Steel Foundries.. 27J4
7 Am Sugar Hef 77 H
7 Am Sugar Uct pf "I
Am Sumatra . SH'i
0 Am Tel & Tel 104'4
13 Am Tobacco 133' 3
7 Am Woolen 7"2
.. Am Zinc Iad & Smelt H',i
.. Anaconda Copper .... 38'i
0 Asso Oil S7',i
.. Atlanta Rlr & Atlantic 3H
7 Atlantic Coast Line... PS'-i
. . Atlantic Fruit $'
.. Atl C.ulf SWISS,.. 32
.. Atl Oulf ft ff I S 3 pf 3' ?
0 Atclt Top ft Santa Fe. 70it
7 Austin Nicholas Inc pf M'i
7 Baldwin IOcomotlvo. . 7R
.. Baltimore ft Ohio 38',
fl Bethlehem Steel 0'i
B Bethlehem Steel n.... f.1U
300 2.60 Hnrnwlaln Class B..
French
72.
MILTON HEIM&'CO
STOCKS-rORtlCN KCHANCTBONDS
wiMoim
ZH llOeiPHIA JIQCn CXCHANQt.
CONiOUOATCDSTOCXIXCMANCWui
1622 Chestnut Street
rhonrsi n. Spruce S041-3-S-1
. KejrtQnpi Knrx 750
T nroadwny & 489 Bth Ar.. N. T.
Stamford. Conn. Snrlnrfltld. Man.
Price lariations Were Con
fined Within Very Marrow
Fractional Limits
Foreign Exchange
Explained
An Interesting hnnk n plalnlnr
W"1- fl. IMenna & Co.
221 S. 15th St.. Philadelphia. Pa.
Belt Telephone! Lnrunt 1778
The volume of business was ;inall and
price movement was narrow in today's
local market. Dealings again con
spicuously lacked initiative, find, much
the same oh in the previous sessions.
I sentiment and operations wen Infill
i enced wholly by the developments of the
l New Tork market
' Thero was little in way of local news
'or happenings to stir up freth interest
in tlto Hlnwer moving local scares. As
a result the greater part of the dealing
"pro therefore of the familiar per
functory lype. Despite tl.o restricted
transitions there was an nnusiialh lib
"al representation of tin- local groii s,
Price variations nnd net rhnngos were
mived. Willi the m.iioritv either tin-
In atniDl4 lanllrA fin mr.n-n i , UmJ .... t in.. ,....n I I. U l.it
m"'?iti flV" of r";',',,!,f;ln""'lIHer gains and los..,., ,.,,. ,-cgist. ml
Sent fre upon rrni0t for honvi.t i bv the ttnitivi si , ire-
r " .( tin' sitoraire liatlerv l.e Mizit
'nllev tex dividend I. Philiidelpbla In
"iilnted Wire. Philadelphia Klecirie
omnmn and preferred. I'ltilnilelphiii
Hnpid Transit ami l uited tins Im
liroveineiit wen- from 'H to ' point
lowei Philadelphia Traction moved up
""j points from the last sale, wlii'i-
' York Kailwavs preferred lost I'u tin
Luke Superior, Lehigh Navigation.
Pennsv Ivanin Salt. I'lilnn Traction and
Tonopnh Mining were unchnnged.
The further improvement shown b.v
the Keileral Reserve banks was regn.ih'd
a- encouraging, and was In some quar
ters taken as foreshadowing :i furtfier
reduction in the rediscount rates v iloj
Federal institution'.
200
100
100
409
10
4701)
3t)0
200
100
200
2800
400
300
loo
4200
300
300
. 300
700
200
100
2100
100
1 100
too
200
too
4100
tr.soo
too
200
100
' 300
100
too
200
1(100
3u0( :
7100
1100
3.100
101
100
100
330
100
-3300
1000
400
fisOO
too
1.100
20000
400
7000
100
300
.10.1
331)
AOO
' 310
a boo
300
100
M0
200
400
300
300
2300
too
10J0
100
AUU
3030
I 100
20
Hrklyn Ripld Transit IIU
.. Butto Copper ft zinc. 4'8
.. Butte ft Superior Cop. 13'?
.. Caddo Central Oft B... 12,'a
0 California Packing . . . B
.. California Petroleum . 414
7 California Petrol pf... 73'j
5 Cnl Zinc ft Lead
10 Canadian raelflc ....1I0'
. . Case ,! t
.. Ccntrnl Leather 3B"2
7 Central leather pt... 71 'i
.. Cltpsapeake ft Ohio... M
. . Cerro de Pco 20
fl Chandler Motor C0
.. Chicago ft Gt West... i'i
.. Chicago ft C,t West pf 17 'a
.. Chicago Mil ft St P.. . 2fi!4
.. Chicago Mil ft St P pf 40' j
ft Chicago Northwestern ' b
7 Clil ft Northwest pf..100
. . Chi U I ft Pnc 31 '-i
6 Chi n T ft Pac 0 pf. 3
.. Chile Copper "
.. Chlno Copper '-'
.. Coca-Cola 25
.. Col ft Southern 35 'J
Columb Cias ft Hlcc... Hi
.. Col Oraphophone .... fi'i
7 Col Graphophone pf. . . '-
4 Comput Tab Records. 30 ij,
.. Consolidated DIs Ins. . fi'i
7 Consolidated Oas .... SI'-j
.. Consolidated Textiles. 17i
7 Continental Can 49
.. Continental Candy ... 1
4 Com Products Ref.... B5:
.SO Cosden & Co Wi
8 Crucible Steel '!i
.60 Cuban Am Sugar !"'
.. Cuban Cane Sugar... 12 'i
.. Cuban Cane Sugar pf. 37' j
0 Delaware ft Hudson.. OS
. . Denver ft Rio Gr pf...
1 Dome Mines
.. rik Horn Conl
r. F.ndlcott-Johnson
.. Erie i
.. Erie 1st pf
8 Famous Players I. . .
8 Famous Plajers L pf
. . Flsk Rubber
General Asphnlt
I'i
17
IH34
2S
13
1H14
r,7
70'j
11
8 General Electric 138i
I General Motors 10
fl iieiier.il Motors pf fit
8 Oen Motors dob 6""i... li'i'i
.. Goodrleb B F 34 'j
7 Croat Northern pf . . . . 7'v
4 Gt Nor Ore oil's 27
3 liuantnn.iino Sugar .. 0
.. Houston Oil 04 '4
,00 Indian Refining !
00 Indlithoma Rettnlng .. 4
.. Inspiration Con Cop.. 3.1
.. Inter Con Corp
.. Inter Con Corp pf.... 10 'j
. . Intermit Agrlcul 7
fi Int Agrlcul Corp pt... 304
G Int Harx'ester new... so
.. Int Mer Marine 13'a
0 Int Mer Marino pf 50?,
7 Int Motortruck 1st pf . 70
.. International Nickel.. H'
.. International Paper. .,4si2
6 International Taper pf'.lU
!w
31
H
38
89V.
zm
73
3 J '4
SIU
30 "a
37 Vi
81 Ji
3.1?i
20
17!
lTii
0
34',
8t'j
4KI,
8314
I03''a
CO '4
SH
37!
73
103Ji
27 '
74 H
01
57 Ji
lOi'i
13l7
73'
8" 4
37'i
87
3'a
e4i,
fi'i
371,
3.1 " i
79'4
S3 i
70 li
38
.53
20
ll'i
4'i
13'i
13' i
in
70
4H
110H
.1
71 'a
M'l
20
58',
7i2
I7.i
20 i
.19' j
til's
100
30 'i
03
10'i
21
27
.12 'j
S5
5
27
sniR
HA
7'4
49
1
f4!i
27
til
104
12
J7'j
05
I "2
17
834
l i
I2'i
IK
1 3 J,
55',
1281;
9',
(!4
C334
.1.1' 4
07
27' 4
9
13
s
4
325,
3'a
10',
30 ,
S4,
131,
50
70
14!',
57
J1U
t-30 Net
Cloao Chat.
31 - m
4ii 5
80J4 . .
33Ji -
73
3J'a - H
fitl'4
30J4 .
21 Va- H
8IJ4- J4
131 U- Ji
20 - "i
17 Ji- Ji
n.ij'H W
Hii- V4
50
35 !i I- Ji
45 H - Ji
82 H Ji
103J',
70
?i
8Ji I Ji
37 Ji - 3i
73 - Vi
103Ji - 1
27 'i V I,
74 Ji- 2y,
91
5815 r 3J
lOIVa 1- !i
173 J4 ! 3Ji
74 "1 I Hi
8'i
37 4- H
07i 3
2H ..
85 Vz 1- '4
0" - Ji
27 li- &H
?5j- 3
70 H
52l'2- 2
78 3
38Ti .Hli
5014 - 14
3Ji- 1J4
20
11 !i- H
4V4 ..
12' 4- U
13Ji H
50
41 Hi- 'H
72-i - 3J4
44
1104-
riv.
Sale, In
200
ItlKh
Invlnciblo Oil Corp... 14
r3809 .. island Oil 34
100 . , Jewel Tea 8
1009 .. Kansas City Southern. ViJi
2000 4 KollySprlnEflcId Tiro. 37 J4
100 . . Kelsey Wheel '
1300 .. Kenneoott Coppr ... 199,
1501 .. Keystone T&R ?
500 .. Lackawanna Steel... 41
10 2 Loe Rubber Tire 3' J'a
40 -H
2 1Oowe Co 11
1 Loft Catidy 10 Ji
12 Ijrlllard .Tobacco ....16
7 lioulsvllto ft NaahvIllolOS
10 ManatI Sugar 'U
. . Market St Ry
. . .Market St Hy pr pf . . . 38J4
. . Marland Oil 10
400 3.80 Lehigh Valley .
I70O
?no
100
.100
loo
100
100
100
too
tot)
21000
100
'1
1
2
141 H
SOJ'a
II A
Mldvalo Steel 24 j
Minn ft St Ixjulfl 11 JO
Mo Kansas ft Texas. . . 3J4
, . Missouri Pacific 20i
. Missouri Pacific Df.... 38
3 Montana Power 0J4
, . Mulllna Body lnH
1. National Acmo Co.... 1S4
0 Nat Enam ft Stamp.. 61
fi N Y Air Brake
fl New York Central..
Now York C of St I.
. . Maxwell Motor . ..
8 May Dept Stores .
13 Mexican Petroleum
Mlnml Conner ....
3009 i. 00 Middle States Corp
.1000
200
100
fiV.1700
200
403
.100
.100
i .109
;: 100
joa
100
100 2.00 New York Dock...
58
US
48
284
UH
u.lH
CO
2
24 ',
145
HJ4
13
0J4
30
04 J4
3534 -714
50' 4
20 (
r.04 f 1J4
i '1
iO'i 4-
fi4Ji
100 -
31 'i J
03 -
It -!-
34
27
334- 3
55 - 4
5 - 4
37
50 J',-! J',
m
MJO- li
174-
19 1
1 - J4
65 4 f 'j
3S4 1J4
CI 'j .
17
12
37J4 - H
93 H 1
l'4
i -
IMi
i:34 i-134-
,IS4-csj;-7J4-134-554
-
I28i
10 J
01 -
(13 'i
J4'
o7'a
2Ji4
9 f,S
H -4
-
334 T
4
104
(14 304 'r
!54 r
13 ! -
5or, 14
70 - A
"!i ..
67 - J'4
71 Ji- A
V2
'V't
Ji
'e
24
-i
.- 4
I
'4
Ji
!l
K
'l4
Ji
',
00 .. New York N 11 ft II,
100 7 Norfolk ft Western . ,
3000 7 Northern Pacific ....
2000 .40 Okla Prod ft Ref...,
103 2 Orpheum Circuit ...,
300 8 Otis Elevator ,
409 .. Otis Steel ,
!I1300 . . Pacific Devel Corp. . .
100 5 Pacific Gas & Eke,
12000 .. Pacific Oil
10500 o Pan-Amrr Petrol ..,
2500 a Pan-Amer R 48J4
tOOO 2 Pennsylvania R R.... 34 J4
COO .. Penn Seaboard Steel.. 84
1000 .. Peoples Gas Chicago. 47
300 .. Pcro Marquetto 20?i
3500 .. Plerco-Arrow Motor.. 10 J4
100 8 Plercc-Arrow pf 47i
309 ..Pierce Oil !4
!. 200 8 Pierce Oil pf 82 J4
100 0 pitta Coal 7,4
400 .. Pittsburgh ft W Va... 281-i
200 1 Pond Creek Coal 14
400 8 Pressed Steel Car 70
1600 s Pullman D9JA
500 fl Punta Alegro Sugar.. 28
moo 4 Pu.ro on 204
100 3.11 Rand Mln Am Shares. 20J4
609 .. Ray Con Copper 1
f00 4 Reading 08$
600 .. Remington Typewriter 19JA
390 .. Replo Steel 2.1J4
5300 .. Republic Iron & Steel. 49Ji
UOil a 20 Roval Dutch NY 57
COO .. St Louis San Fran... 234
20O .. hi I.ouls Southwest... 25Ji
200 . St Louis Southwest pf 31 JA
209 .. Saxon Motor 3J4
100 .. Seaboard Air Llnu...
200 .. Seaboard Aire Lino pt. 0J4
100 .',4 Shell Tranrport 43
420n .. Sinclair Oil l?i
100 7 Moss-Shcrf pf 70
100 .. So Porto Rico Sugiir.. 48
3300 4 tsouthern Pacltlo 72 Ji
1100 .. Southern Rail 10?i
COO .. Southern Rail pf 47
COO r, Standard Oil of N J. . .135
100 7 Standnrd Oil of N J ptlOtiH
300 .. Strontberg Carb 34
20S0U 7 Studebaker 714
M0 .. Superior Oil Corp 6J4
3U0 0 Superior Steel 33J4
7300 3 Texas Co 31 JJ
100 .. Texas Co. ct. full paid 32
200 .. Tcxhs ft Pacific 33
1300 l Texan & Pac C & O.. 33 14
100 fl Tobacco Products.... 64
3100 ..Trans Con Oil
000 .. Union Oil 30J4
500 10 Union Pacific 117
100 .. Union Tank Car OS
3U0 . United Alloy Steel.... 21
2300 3 United Retail Storea. . 50'4
100 . . II S Express 6'4
1200 ...US Food Products... 19
3I0U .. U S Ind Alcotiol 01 J,
5UU ..US Realty ft Imp.... 47J,
SSOti , a V H Rubber 684
100 8 C S Rubber 1st pf.... Oil
21009 fl C rf Steel 77 '4
4100 2 Ptah Copper 1914
1500 .. Vanadium Corp 2S'i
600 .. Vu-Carolma Chem ... 80 1,
400 8 Va-Ciir ('Item pf 72Ji
17U0 .. Vlvuudou Inc K'a
! 20J ,. Wabash 8
C00 . . Wabash pt A 20 ?i
1200 2 Weber ft Ileilbroncr.. 13
600 .. Western Maryland ... '4
3U0 7 Western Union Tel... 874
700 4 Wtstlnghouse B & M. 454
200 .. Wheeling ft L E pf... 15Ji
700 .. Whltu Oil Cotp 10J4
COO 4 Whltu Motor 334
3100 .. Willys-Overland 74
lOu .. Willys-Overland pf ... olji
400 5 Wilson & Co 33'':
000 6 Worthlngton Pump . . 4,'j
100 0 Worth Pump pf 11.... 01
Ex-dividend.
Low
14
34
8
24 !i
35 J'
63
19
im
0
37 Ji
40 J j
104
in
150
103 J4
454
4
38)4
in
83
13GJ4
20
HJ4
24 J4
11J4
3J4
104
38J4
60
1J4
1HJ4
614
68
08
48
2H
17 VS
134
C84
1J4
24 J4
113
11J4
134
50 J',
34 J4
62 J4
47
34 Ji
84
47
204
10
47Ji
HJ'a
2!4
61 Vt
28
It
78
074
27 Ji
28
20 J4
12 (4
f.7 4
18'i
23 J4
484
654
22
26(1
3I4
354
G
n4
43
204
70
4S
WA
10J4
40J4
1:13
1004
.134
004
6J4
3.1 Ji
33
33
33
214
64
74
104
lift
OS
23J4
60
6J4
174
no
47J4
60(4
fir.
704
474
37 Ji
201,
714
7J-,
7 4
204
13
0!i
Bi'i
45
15?i
104
33
7 4
34 Ji
33 4
4534
CI
1:30 Net
Clono Che.
14 S..
34 !t
8
ny-r v
30Ji ?4
63
19
MM
41
37Ji
594 1
11 10 -
150
105 - 1.
Vi
I
H
3n
454
I -r
38J4I-
19 I-
34- Ji
83 -r 3
137 J4- X
20J4 " 31
11J4 I- Ji
34 J4- Ji
11 '4 Vi
104- ?
3SJ4
60 -194
IHJi-614-
68 -08
-48
284 -t- !ft
i7'4i- v
34-
00
m
21J4
143 -11'-13
50 J', -354
t
63'j 47'4
4 -r
204
10 - J5
47 Ji- Ji
Mi Ji
(12 !4 t- 2J4
574 I" H
28 Ji- Ji
14
79
074 - r
27 !s- Ji
28 - 14
2Ji- 1
13 1- i
084 Hi
19 J4- 'A
2.1'i ..
40 4
65 Ji- 'A
234 1J
FIRMER TONE TO
T
HE CURB MARKET
Volume of Business Very Small
Because of Reluctance to
Follow Up Advances
New i'ork, Juno 10. A pood deal
of satisfaction vns shown over the
mnnner on the Droad Street Ctub In
todnyV trndlng in which the lcadlnc
industrials and petroleum shares were
maintained throughout the week, al
though the market oil the Stock Kx
rhango had been so neutely unsettled,
...III, ,n,... tlnnll nil I tin lllrr llOnril FCll
Inc nt tli lowest liriccs touched in
J-J"-. . . . e .1..
Htiy inc "orders were in many 01 "
industrial issues in largo volume, lint
those bidding for stocks were not dis
posed to pny advances and on that ac
count movements 'of these issues were
narrow nud the volume of business
transacted was Binall. Aetna LMdosivci
ngnln sold at ll'j. tbat price ap
pnrenllv being the return obtainable in
tho distribution of the amount received
from the Hercules Powder Co. .There
was n fair nmotint of business in (tlen
Allien Coal, which sold at 41 and J0.
Packing stocks were proiniiient. Libby,
McNeill & Libby sold nt S.
Southern Coal and Iron was Meady,
with n fair demand nt .Tfc. Hetnil
Candy was quiet, with a Email amount
of trading nt 7. Chicago and Lnstcrn
Illinois common was unchanged at
There watt a firmer tone to the 1 e
troleum market generally, nlthougli
Anglo-American Oil was again influ
enced by the proposed Issue of new com
mon Ktoelt nnd was traded In at lt)'ij
to 15Vi. Standard Oil of Itidianu was
one 1
from
innced
ognin sold nt (l:'t nnd the rights were
traded in nt ami n-iu okciij u
sold at 4 nnd :iT(. Simms Petroleuui
was bteody nt 7;' nnd 7.
Tho fen tun. of the mlnlnc Croup VVU"
Kurekn Croesus, which had 11 break from
4(5 to i.5 cents a share on tue report o.
rulings made on the stock uuder tln
Mlclugan Dine Sky Law.
lMtTni.I.S
Prnfflahte
An attractive and well
diversified selection of
high - grade bonds,
suitable for the con
servative investment
of funds.
To yield from
5 to 8
List vpoit request
. IRrfmond&ifo.
Broad & Sansom Sts. 33 Pine St.
Philadelphia New York
Baltimore Pittsburgh Watttington
f the strong features, moving up
G0',6 to 07V2- Cnrib Syndicate
1 from IPs t" W- u u,,sln
fib 4
Spruce 8200
is
H
I
231
!a
14
J4
S4
4
4
ii
'A
25Ji-
J4'j-
3!i-
(1 -
3J4-
43
314
70 -4H
-73Ji-101J-4GJ4-133
10114
31 -70
H
Ji I
32 22
32!.
64
74-
204
li 14
98-3
23J4 l!4
60J4 4
5J4 - a
I8J4 J4
nt -h l
iv.ii 4
66J4B 4
or, j'i
77"', - 4
484 4
28
2!i- li
73 -
8)i r
13J4
16,4
104
3:t -
54
34J4
332 154
01
Aetna nxplo ctfa
c n i: iii
Kmolro Voad
(.llmi Allien Coal .
llbliy AlcMeil . . .
Perfection Tire . . .
Kailin Com rref . .
Southern
Htnnd Com Tab . .
Ktnnd Com pref ..
U 8 DiatrlliulliiB .
U H Hhlli Corn . . .
II S Steam
United Ilet C'nmly
t'nlon Carblito .. . .
Utilveraul Uum . .
Hlch
It7?
, 131
, 114
. 11
, H
Ji
H'i
. r.tVa
, nt
, 21
in
11 on
Iw l.nst
llji Ilia
u
i:tt
114
10 rl
S'i
r.s
us
21
4
7
10
IS"
11k,
4nj
S
.."
.14
riw
us
21
BOUGHT SOLD QUOTED
U. S. Treasury
Certificates
All Issues
sr.cuniTtES nF.rAKTMr.NT
COMMERCIAL TRUST
COMPANY
Mcmhrr lVdernt Resrrve Sjstrin
City Hall Square West
Our June Bond Circular rV
crib" 16S bonds and noS'
which we recommend fl,
InveBtment ts
, These includes
Government and '
Municipal Bond
Short Term
Bonds and, Notes
Railroad Bonds
Long Torm Bonds
Ask for Circular F-n
Harris, Forbes & Co
Pln St., Cor. William
NEW YORK
Philadelphia Office
Widcncr Bldg.
fcTANDAM) (UI.S
AnBlo-ATnfr Oil IJJa
Stand Oil of IndT 07W
IMllU'KMIENT OIUS
Alllrd Oil )
ArkKnaas Natural Gaa.l..
Ilalto ivt
Iloono Oil ,
lloiton 1VomlnB ....
Carlli Sjlid
Creolo SnJ
Denny Oil
Klk llasln Tot
I'.lk Ilnaln rlRhta ....
KiiL'lncprK I'etrol ....
IluilKon Oil
Alarnralbo Oil
.Moxlru Oil
Mountain I'roducts .
No Co I'et
Omar Oil
Producer 4 Hcflners .
Slmnra Pet
Hkolly Oil
Toxon
In Texai Oil
United Hoyalty
1
LIVESTOCK QUOTATIONS
Commodity Markets
GRAIN MARKET
riiiraRn, June 10. Wheat .tnrtoil
Chlcwto. Jun in CATTLE. Ilccelpta.
,'irMio. genrrnlli cleans, too at-r. ...
bulk. 7 "BtTB SO. bulk fat "h atnr-k jntf
rannr and rutiora larcely JISOBS.":., h"
loefa hullH nnltl ! r.Mf 4 R5. butcbi
bultM $5 RiiI(l Mi. bulk vealcr calves. JO'S
v i?o,ft-KKS.Fp'E. 5: '" "erSrr- Ten rM(.'Hh July 2t- to .Vie higher Tm Srp-::;.uVVW"wp?yw5""u?k-
,tc"lbf''- "i2c bettor than the pre
jw.iii'ii s :m iiH mnatl 105 iushr. bulkltintis rlnso. Thrip vvns n Rcnernl rush
ilrjilrnbl rlc arnuml Jh 2iV 1 . . 1 . .1 j
sni:np- lieiipis i".uiirt head slow, to rover ycstenln.v t late sales nnd
v"Hk ' -' lever '"i1 .n".,K. 'rr'"?." j5? : offern ich were limited. JJeeeints in-
I.. I . . . . rt r I m 1 T 7i nt If 111 Tlliri.ll V-IT- 1 - - - p. -
si.'.r.n few (.imd rjn-ruunl native f,n -
J I '
CASHIER
of out-of-town National Bank
deiirea banking connection in
Philadelphia or n position of
xeiponaibility with firat - claaa
commercial houae. Age 28.
C 423. Ledger Office.
"TnTnrrnrrrrrj
A Controlling Interest
In a natlonallv nilvertlseil inniififnr
turlnc corporation, well financed ami
with a contitiuouH rerord of .-tondllv
lncrcaniiiR sales and earning for the
paiit fifteen vearii tniiv lie rer-wrd on
reasonable tcrim an cxcvllent oppor
tunity for tlieitKlit nun or croup of
mtn to buy into a vigorous going;
concern
( 420, l.i:il(,i;il Ol ( i;
Philadelphia Storks
LIBERTY Bmm
Bouaht and told for cath
at Stock ExchantjePrlcea.
ISAAC STARR, Jr. & CO.
, 16th &. Saniom Sti., Phlla,
Uenb;r Vitln. Stock Uxchange
' and X Y I otton Exchange
GE0.A.HUHN & SONS
' HTOrilH AND WINDS
Memtxra of th rhlladeliihU. New
Sork and Chltafo stock lCwbangea
Ntw Ysrb Cotton Kitbanie
CenmltMon Ordan Executed In
Ail the Prinolpal Market
.Iharty. Bontf-louaht and told
i roar Mtt 111 Vlnul fit.
pA mniuiwmj. Atiantlo city
kAmbaatadar Hotel
ITikIi
IL'.". Am Str . .'II1-..
KMltl'nlinn
('inn' 1'J'm
!l r.le..Sinr.JI)"'..
14 I Co A 'J! I
1IM1 l.llki- Slip N'j
1011 l.i-li nv r.4'M
"((Leli Vnl III-1.
.".T'j l'a IE I!.. :!'..
7." I'n Salt . 117
1! I'liiln Ins
Wire .'.P-.
J. I'liiln Klee -Jl'j
J I I (In pref . '.'.""u
17 I'liiln It T, 17',
'tl rinliiTini- .".I'
1'J." 'I'lin.i Nl.it I 'i
I." I n Trn .".'..
r,(i i ij i. . :tn.
I IS
t.w
S'.i
I2S lliK
K7', 107',,
J!l
Vet
i I "1
II) 'i
:;s
ji'.'
J.V-S
IT',
."ii
I'i
::u..
77' ,
L'li
m.. .
filK.
HI'S
:u ' '. .
t'.7 ".
r.i'..
.-1 ' ..
i'i.
.nil...
i t--1-.-
S West .lei
K S . . . 'JS
!." VoiK Kvv.v
pref. . . 2S
et chnrae rnide b comparison with last
al on New York Stoi.lt Uchanae
K dividend todaj I.ehtsh altej. 1 t
per cent
1'HITDKI.l'IIIA IIOMIS
'-'ST,
2S!h I'm
ritt-liiireh, Jnre 10. HflCS pc.irt.
inno hewl I'j-ver Henvl'e Hg ..
hev lich' -r'r,tr and piK" J? ifift "
HKi:P 'iM I.AMrtS rtei-elrtB Jnn he, i
Hieo'l' Top heep ts .10. ton lamp-. m
i AIA i: - lt'ie.pti. J.Ki head Me.,,1 .
Top 511
Kiii lluriHli.. V .tune in- rvrn.r
It.celtile L'.'p'i b .id elrcnc ..,,.
I .VI. lif- -Kec; PIS li.uu nenrj ? i i nisn
ei J.'. 1 1.
II' "H Itecept" ,'i40O heart 'cart- to
'.-. Imver lleav JK SOWS 7". in wi S T'.
. .!' r-. s:.fl!i licht. orler and
1 a t .".. nnuhe HI L'.'.'dil..M). ' lit!',
Mil. 1.1 ..1 l.Allll.""- i.r.riiJir. mm. n-.i'i
! 1 ambe .S. lovier. Yearllnii". M)c lnvvor
1 l.omh. Jrtfill. pnrlll:e. J.wll. wethra
IJlMKlT. .ei. i Iff 4.. VI mlel Fnerp, J). .5
I tl I Tj
MONEY-LENDING RATES
M'.tV MllUi Money on Cdll. both clause
nf'i ollaternl, opined todaj ut it per . enl for
Ictdips unci rcnov'nK
rilll.MlKI.I'IIIA Call r' rer cenl- '-.,
(1 tier errt (nniinercial paper thre to elx
month. II per cent.
rte Then" arn tnerelv nominal quota
tions the loital rate of lnt reel m the State
of IVnnavlvanlu belns tlxet) ni 11 per .ent.
1'lue premium amf mmmiaaion time mont
for t liln to nlieiv d.iv l loaned hi 7 10
71- per rent vvlillo commercial p.ipei from
UnrtN to nlni'tj d,i Is loaned m 7 to 7'a
I r lent
London tun 0 ' Von per rent f)l.
count r-vlen Hhorl tilile .V, per r.m thrte
rmmtliH lull " " ' ' eer 1 ei '
BANK CLEARINGS
j Itanl. cKariliKe lid.l tin .i d uilli for-
rtaiiuiKlnij da Ian fv.. v ' .. 1
1 IH'Jl 111." I'llll
IMitla K'.t s''l """ J'" 'i'i .' k; iniK ,',-,
H.I.I..P I" 7:t .'7U .'.i. IIC'i e.n'.
nalilni'iie 1'J Ttl -! I' '1.7 -Hi
1 in. huh "'I "s:' "-- 1"" l"l ""
Lake Superior Rail Orders
Vlconi.i Hi.-el in II if the Like 'iperior
1 'orpoi hi ion hit m i''ei,. pew nrderii for 1'J
nun tons "f eteil rrtlln 'I hli with ih" bull
I,... aMend in land uiil Keep thin depart
men innniiie fulll up to Sentembei 1 The
morchai" mill I" runnini; mid new orders are
'Inc nun rail order are '.M 001 lona for
the Canadian I'adllc ltallvvav " IS nnii for
(Irand Trunl. Itaihvav of Canada and tltWD
for lielavvate mel llmlann.
FOREIGN EXCHANGE
New Yorli, .lime 10. Hates on the
principal European centerp Mhowed nn
easier tone at tho opening of tho for
eign exchange, market today, rith ster
ling quoted nt 3.7' for rabies nnd
n.71' for demand. Other oxrhangen
vvns proportionately lower. Tho quo
tations follow: Franc? enhles 7.S.'!,
cheeks 7.82: Helglati rabies T.KH'i..,
tierted veslerday. thirty-four rnrs; j enerhs. i.;i'.' . iiro onoies i.idIm.
IBM v ear ten cars, t'ahh market steiifl.v , ' ' 10,'s :':;; I"" 'ablos KJ.T.t.
excct'.tliic for hard winter, which closed '' K-'ks '- I",i,ta cnbles I'.'.SO,
nt n leduclioti of 2c in nieniiiinis. De-
inatnl fair, but cxrliiFively ilonuMn-,
the wcnkness in foreign exchange pic
, viniiiig expott business. Weather he
I pnrt-. liov dint inilt'd wet vve.ither in
I the Southwest, which wil' further ie.
'lord harvesting work. I.egisliitive out
look is sntinfai'lorr, but detinue action
hecks 'J.i8; guilder table, .'IL'tlTi
checks .'IU.IiO ; .Stockholm rabies '.'L'.OO,
checks Ul.fl.": Chrislltinia i nbles M..i2,
"hecks 11.17; Copenhagen enhles 10.05,
i hecks Jd.Od: marks I.171.,.
Afler the lirst hour quotations in the
pnncipal exchaiigeH were bolter. Ster
ling cables were :!.".'',.. deiiiaiitl ;!.7l:l, :
i iciicn nnii jvcigiun caiiios
l
lO'i
t'4
I
7'.
ir.u
tltl's
H
7',
1
I
& I I
3
MINING
Atlanta 1
Hooth
Bokton t Montana M
Caledonia Mlnlne I"
Cindelaila .Mlnnls aS
Corte. Sliver o
Cree"on Hold It
C'roacei;. .Mai.Vamara .... !
Kureka, t rocaua i ,
Kurelia Holly Ml
Hold Conn i
Hold Devel 1
(inld Kewanan 1
Hold Silver l'lck n
letuilins to lie tauon ami until tins iv :;.",f"" '' '"'' V",' " , V .'
will be nervousness in the' ' "" :';""''. " -' ,' """ ""
.);
done theie
trade.
Corn opened ',c higher to ' lover
for July and ',- to '-jc off for Sep.
teniber. Latter was sold in heavy
volume by an eastern house.
Oats opened unchanged to ',c lower
for July nnd Vic off for September, with
selling led by nil Knstern shipping
house. ShortK bought on the decline.
COTTON MARKET
New Yorli. dune 10. I'nder South
ern sellilng. poor cables and pressure
from the same interests that sold Jul.v
heavilv vestenla.v , tin- niarhct opened
,'I to V point" lower this morning. Liver
pool vvns about the best buyer nnd there
wan considerable switching from July
to Inter months-. After the start tho
list acted wtend.v at about 2 points
under the previous close.
New Yorli. dune 10. Cotton r reipU
tit tho portH for the dav nrc estimated
at Hl.Otm bab'f. against 1II.I2!! bales a
week ago. !I2!IS bales a vein- ago and
'W.llifi hales two j ears ago
:0, ,.,p,!n
(lold Zono
Great Uend
Itccla MlnlnK
Jumbo Kxtenslon
Knn. DlvtiTo
MncN'nmata
Magma (.opper
.Mnrrh MtnlriE
-Mother Lodo new
National Tin
NlplalnB
North Star
Ilex Cons
Ilocheater Mlrres
San Toy
Silver Klne Divide
Silver Hllla of Nevada....
So Am l . O
Stand Silver Lead
Succeaa Mlnlns
Tonopah Belmont
Tonopah Cash Boy
Tonopah Divide
Tonopah Extension
Tonopah-Jltn Hutler
Tonopah Midway
Tonopah Mining
Tot.npah Mlzpah
Tonopah Montana
Tonopah flosc'io Kula . . .
l'nlted Ilaatern
Victory
Weal JInd Con
White, Cap
Wilbcrt
IIDNIIS
Allied TacUera n
Amer Tel d I'.iI'J . . .
Ainer Tel 0 in;.'!
Anaionda ih la.'U
AllBlo-Alner Oil 7'jn
Armour 7h . . .
Htll Slcel 7 llltta
Can Nut llnv en 7s r.i.15 .
Copper Htport s lll'Jl
I 'on On ti
I'ntm Textile .s
(jrand Trunk d'tn
tluir Oil T
Holnr I'n n
Iluinhln Oil 7a
l.d.bv-Mi.Volll "a
l.lBnett f.- Mvers Ha
N y N 11 & 11 l . . .
Southern Ilwv 7. ..
Southwest Hell 7e
Stand lll N Y (I'-ia.. .
Stand oil N V 7s 1U2.1 . .
Stand Oil N W 7s 10.11...
Texan Co 7s .
I'n llvvy llnvnnii 7'ja. . .
iicuuni v;
In
1
all
II
15
HI
in'4
4'.
I
S
II
a
l
"i'i.
n
III
r
!
H
J.1
tU
7
8
:o
y'J
a
i
7
a
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10
n
7.1
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"i"
1
1
r
is
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nit
n
l.i
ir.
i't
.1
&
S
11
a
l
s
"ii
W
a
i
7
2.1
l'.a
4
4
3
t
a
.17
10
as
7(1
1
II
2U
i"
.
1
1
r
ir.
l
;!'!
m
in
10'
r.
n
11
4
S
I',
a
l
21
i'i
f.
i'
W
K
i:t
I'i
- a
:t
i
On an ,
Investment of
$1500 ivc can give you
$G000 in High - Grade
Bonds, Riving you an
incomo of $325.00.
WlDCNOt Bloq, Philaoiiphia
Mtmbtrt PktladttpSia anj
Am? Yeri Swi rthangri
wvneK ruuB.nx.in.
ran
The Situation
Existing Todayj
In our June Bulletin, just
issued, wc have summarized
for investors present buii
ncss conditions in America
and the extent of the cur
tailment of prices of farm
products, manufactured
products and wages. There
arc also brief paragraphs re
garding the railroads, public
utilities, our present stock
of gold, and the bond and
stock markets.
Eleven conservative securi.
ties arc briefly described.
Complimentary copies of
this June Bulletin will be
sent on request.
Hemphill, Noyes CSJ, Co.
Member tfew York Stock Cieiani
Franklin Bk. Bldg., Philadelphia
Hew York Boston Sainton
Buffalo Albany Eyracvu Baldaoi
m
Kiilliler enbles
marks l.-lT'i
f'ential lluinpenn ex linni;e. were to.
day quoted ns follows: tireck, (I. ().",;
Htimniiinn, l.riO'l. : Hulgiulan, l.'.W,
Austrian, .2'"1..: I'olanil, .11; (V.ceho
Slovaklnti, 1. :!',!' i; .Iiiko-SIiivIu. .72.
llio lireinium on evv York funds etern Kle.i 7.
here today was 113 per eent The Swiss Govt B'-j
rale of dihconnt in New York todnv on
Canadian funds .was 10'js per rent.
YUSTrjHDAY'S CLOSING Qt'OTATIONS
Hterlini; Trnncs Lire CJultdera
Pemind .... H 72" 7.KH 47;, ,1" no
Cablea 3 7.'l'j 7 UO 477 n3 00
TODAYS Ori:.N'lNCl iuor.vi ION'S
SterllnK I'mrnt Mr- (jUIldera
Demand . . . :i.il 7.S2 1.7B ,121111
1 able ... 3 72'4 7.M I.7&V-J :i2-(l,1
NOON Ql-'OTATION'S
m't
tm't
11.1
nj'
tuN
U2ta
inn
!i 'i
Inn
inn
1IM'
in'
us
a.i'i
, llll'i
.in'.,
m
tm
II !',
n"7
isT
ni't
iu
100
111 '
1 ihi
inn
V2
ti.1'
1I7'
ll.l',
91',
111'.
r. it
n.n.
IMIV. d'i'I
IUI.1'1, inn
in',
im",
ni',
li'j'i
H4'i
11-.",
1 no
!'i'j
1 on
Kin
'.'-
HI '4
ns
(I.-.'.
11..
tin',
.111
MS
NEWBURGER,
HENDERSON & LOEB
Members New York and
Philadelphia Stock Exchanges
1410 Chestnut St.
aWMiiMnnfjaaafaaaaaai
$10,000
City of Phfla. 5s, 1971
Price 101 '2 and Int.
MORLEY, WOOD & CO.
333 Chestnut Street
LOW
PRICED
RAILS
Wo liavo issued a timely
letter summarizing some of
tho important railroad
stocks which arc selling at
low prices.
Atk for L-16
P.KaWWRIE&CO
Members rhlln. block V.uhr.nse
1418 S. Penn Square
SUITE 800
BPRUCB 070T IIACE 48SI
direct Wires to N'iiiu Yorl; and
atl rrfitclso! llarkttt
D,mind
1 .bin
Htsrllnsr Trancn Lire OulMera
. ;t 71" 7 til 4 hi) nj 7ft
. tl 7f.'ii 7.lnl I.MI'i w Su
IftO Liberty 2d 4s
200 Liberty Ud 4Us
150 Liberty 4th 4Vis..L....
1000 Victory 4"iB,
400 Electric & PeoniB'44s
2000 Electric & People,s4s....i
2000 PennnylvBiiIti 64. 1
1000 Phlladelnhh Elecl'B..-
WUUM unumi itntiwafi
aOOQ United "Welsica
,!
Sfl TO
1)1 . 20
80. IK)
I)R SO
.11
R1V
OS
84X.
l7i
or
GOVERNMENT BONDS
Bid
mnviti coil 1- IMg PS'li
Panama reg J 1MB 9U
I anam. cou 2a. logs . n& v
Panam reit 2a 1088 . . OOH
Panama, ton 3 11 ....
Panama res 3 181 ... 7
PhillPBlna U. 1084 . . SO
l'hlllpDlna 4a. 1835 .. DO
Phillpplna 4a. 188 . SO
U H (lov cou Za. 1030 09
II H Cloy rcc.Za 1930 , 100 ,
U S Oov cou 4a. i23 , 104
KB Oot rar 4a 1023. ...... 104
of Columbia 8.6a 1024,,, 93 -
Aak
mow
100 'I
moil
ino'I
70
so
S3
83
83
IMt
int
104
Pftton .
Nm YcrK
ridledrlrllla
i l.elHntl .
Iticluirnjiil .
All.IllH . .,
i hi. 1RO
"51 1.0lll
- Minn' npcll,
..... x,r.i Mrtrt?c MADU'C-r 'Knns.ia i itj
new tuniv jjrrn- i"ni"M.i Iialua
Reserve Banks' Discount Rates
ntMiil rcdlfcnunl mien nt u,n inolvo IVd
eV.il Ileservo lUnlia are j follow.
Tiea. I.ii. loni'l llt(r
cir iioiirta rjnnr. Accent
l'r InuK I no
I'lui" dnen I'
,. . . .. 1-' "' I- -1"' I'-' "1
ii,l.,ei ... 13 tl'l 13 31 l.'l.-l;
i'"inii" ' 12 r..'. ,; M
.HnUBM I-""1 13"-
Mkr."i . 1 I 'Jll 1 I J3 1 1 .'.'
,i ., 'v.1 '" l ''
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tOl'i 103'J 1U3V,
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LONDON STOCK MARKET
American Stores First I'fd.
.lelTerKon Itailraad 5hH, 1929
Public Service N. J. 7s, 1922
HENRY D. B0ENNING & CO.
stock r,riiANfii: iiiii.iiino
lllrnl I'rlvnlc 'lleplione (n New orl
llemliera I'liiln. Mtuck JAiliunco
! C. S. PATTON & CO.
31) A; 4lli:srM'TSlS.
BANKERS
SufrpRHorH in
PAII.KR A- hTKVi:.NSON
llrtiiiU ntul StnrkH Imitclit niul notd
Mfmbrn IMilln. fcnrk Krlinnr
OFFICES
A Company contemplating re
daction in ofiico force to suit
present-day needs, will sublet
all or portion of present, oflkes
iurnished or unfurnished.
Approximately 2000 sq. ft. in
centrally located modern office
building within half block City
Hall. Ofliccs have dayligM
on three sides and are cool ana
airy. A year's lease Riven.
Rent is very reasonable and,
location considered, these oflices
represent a barcain for a wide
awake Company.
Address
C -115, Lcdffcr Office
, i. t ti-. 'im... i i ...r 'Han I rar lco
-v ntt' &mi .iiiii i . iiii- mi in i 1 1 1 i . . .. i
'l" ,. -iiisioun' roi cnrrcipunna vvith lnir.,i
fee futures inarl.Ct npQIieil stdllly tills rate borne by rertlniatea pledge, nn rola,l
erai. vim minimum n u pr rent in the ran.
nf K'aiiaaa City und D'4 rer cent In the cnn
of J'hlladelphln. c "
llinrilinc Wltll trailinB qmri linn pniri
"J to .'I points lower. Lower tem
perature vvrro iiRnin reported from
tho State (if Rnopnlo with frcez-iiiR
vventher in one (llfctrirt. Krnst so enrlj
In tho season does not ilnmngo the grow
ing crop, the frost of 1018 romitiK Into
in Juno and early July and damaging
tho young growth.
Trev Close Opw
.tuiy fl.7874 B.7O071
necamber 7 4HOBO 7.4nftRo
Ui'eT...,:... ........ 7.78660 7.7380
BAR SILVER
Janaim, June 10-Br Bltvarrraa H d
United States Treasury Certificates
.,, hlhar he'ra todar t Ht-
ijucitatlona tnuay nn t'nnen stnlei Treat
nrv certllleatea ara na followai
Int Maturing
Hata Data Kill
SW July In. 1021 100
fl Aur. IH, 1021 100A
tTi'a Sept. 1ft, 1021 ion
t'rt HepU 15. 1021 lOO'
R'4 Oct. 1, 1021 100
5I Oct. IB. 1021 100A
t'fl Dao. 11. 1021 100A
Light Realizing Sales Made Gilt
Edged List Flabby
Loiiilon, June 10. There was little
fenturc to the trndlng In securities on
the stock exehnnge today niul the mm -Kets
tvero Irregulnr, .Many brokers ie.
innlned away from the city for over lite
week-end. Light lrnli.lnc made the
gilt-edged list llnbliv. Continental loans
also wnvcrcil. owing to the depression
in cxcliniiEe rates, oil shores were with
out a loader nnd sagged. Shell Trans
nort nnd Trading wns fi 11-1(1 nud Mex
ican Knglo (P'. Modeintp hujing vva.f
noteil hi tne iniiustrinl department.
Iludon's liny whs (P,,
Hollar decriptinns vveie firm. In svm.
pnthy with New York exehnnge. Home
mils were (tilet, but hard. Argentine
rails heorctl fresh gains, having been
oversold. At the top thry paused, be
caujo of poor dividend prospects.
Federal Reserve Ratios
lVaalilnston, Juna 10. nation nf total ra
eerve to net rlepnalt ami Federal tles.rve
nota liabllltlea comblneil. for the tweho red.
eral Jteaerva Hanks anrl the entire ayntein as
of June R, 1021 compared with previous
weeK anil a yaar aio. follow.
. June 8, Jute) I. June I
WHEN IN THE MARKET FOR
Steel and Iron liars. Holts, Nuta, lllvcts,
Wuahera. etc.
lmmedliile Delivery t''rom Stock.
DONNELLY & COMPANY
:m Vine Street
Market 510(1 Jlnln 1070-77
nrtabllalied 1B02 Hoth Phonei
William R. Chapman & Sons
1500-08 Washington Ave.
MASON BUILDERS
ALSO OWNr.IlN
Till". rllll.ADI'.l.l'IIIA I1KICK COMIVVMS
Cnparlly of 30,000,000 tier iinniim.
Kcrbaugh Lime Company
llilllilern' Hlinpllra
lC'lllllallln lllllmlllilllnc (ni,, .t.
Iiinner & llnrrniialiH Co.
l'nlted N. .1. Il.iilrniiit A Cnmil
Nnrtliern Indliinii (in i;ire.
( onim Hi ut Its. H I Iclilli,.-
hriirni.e l.lnlit .V. 1'uvvrr Co
JOA 4,68
H;o".32 ?.'().'
100a.32 n 12
JOOA B.ia
u.t
iooj
Ml
190A a.a7
6H Feb. 16. 1922 100
r-o-4 iiar. to, i.x juu lOO'.t n an
Kxempt'from normal Federal fortlm bov.
arnment Incomt, .
tAcceptabla for rayntantrif lncoma tax
dua.on date of maturity. Ji
i v
Dolton
New York ,
Philadelphia
Cleveland .
Itlchmondt
Atlanta ...
Chicago ...
ftt. Loula . .
Minneapolis
Kanaai City-........
Dallaa .............
San Kranelaeo
t....t..f
... . .
Total
in ji
no. ii
IK. 'J
nil n
no n
4" 1
to.is
BR.7
IVS.O
39.0
4K.7
87.9
oS.O
BS.3
1921
(IR II
on a
62. 1
TOO
11 (I
40 .
Ml ,1
Bl.l
42,2
4o.a
40.0
64.0
87.1
19211
r.o s
tn n
.to 3
63
42 B
39 II
40.6
12 1
40,0
41.2
4t.7
46.6
43.0
Ii' 194H
H'k 111311
I'm nun
.V Ifl'.'fl
'' HIM
ft'N lllJVl
SAMUEL K. PHILLIPS & CO.
letn.ierM.s.o.u,,,,,,,,
Lee, Higginsoh & Co.
KMalillklieil mm
UOBTUN Nl.W lOltli CII1CAOO
130G Finance nidg., Philadelphia
AUTOMOBILE
INSURANCE
I.I1IBRTV MUTIIAt. INStlltANCK CO
rhou. i.M.t C07Q. !tu-' hu. imb st.
WUV ban no Invcator ver lo.t u Uollur
of Princliral or Interral on tiny .
rlty bought of M. W, Htrau. Co.? 'wrlK
for our booklet 2-Q BnU learn Ihi AlSfS
8. W. STRAUS & CO.
Stock JUan aIdi.. I-bUadelphta
If There Is a Market
W Tan Fi'nrl It
Wa hold Bales of stodU
and bonds every Wedn.
day, charging ?i.w En
trance feo for each item. W
' we4)kly catalogues and poi".
card service reach every n
i. .i Tir tm nlpniurt
BUI. u who I"
furnlflhinc quotation.
Barnes & Lofland'
tock Broken ana AnlonHrt
147 S. 4th 8t.
WIEGHERfRbGKEY&CO.
Certified Public AccountanH,
Drexel Building, PhUadelpi" :
Linvl
Stonkwell. Wilson
rniiGaA iP..M.V ArcoiintanU,
Land Title Bldg., Pliiladelpb-
- """i
lllvlileiiiN
owU,
iti vvTic liiiKi-s on. n,.'?Ai !
....m..... --- .tune o .'.'until I
"IhK day H
re,"i lit KV.-fl
llvld'n. 1,nf j W'aV.l
Tha Hn.inl nf PirertorH
l.nhoa ill 1'iini'anv "
.livideml of S per l
inrk. Claea A and "
!'.'Wr-.",1 IV ttVl'T. atKi.lder.i:'""''
the 'Vl.i.e of hualnfja Jiin- - -,,,
n-i. A Alfti rnpe In the. uiwnei' (i
of the nvo i-luaaea " .Ki.'dlfferVnc, W ?f
n hove i I' ' reason of tho " ."JiJ,,! omM
.iii of i.eiie. In auhaenii.enl if, ""' UlMit
of the preferred atojK. Inc U' ji ' ,'ldp,tlon. J
-I Uo rntltlei, to jJWggy
l.inAtll) THUrtT compav 1
mSilnir of th ?'t Tct fjl
.ViVM-flSftVJ
At a
held thla (tax
III per cenv wi
1. 1031. to atoounoiaeia . .-,, Pf m
jmh Jun iltoaWWH-.gS
, (p
Philadelphia, ra.. Juna
.'.. tft; i,. iv
- --