ii"r$Wi'-f
nrE'PMfciW
ipijPH
ffM!--- t"
ranT"
UTi&W
T
'7 vvfsXMmr.
Y '"! 1
M.
V';rfw
V
r
m"W
li&r
W4
EVENING PUBLIC LEDGER PHILADELPHIA, SATURDAY, JUNE 24, 1922
18
PPPPii5T
$3$
E
'
SO
fr
tlv
I
I
A
u'? Market's Position Believed
B9L.J.W
B.W Weakened by Week's Vle-
im n
r.
lent Gyrations
s
New Yerk, .Tune 2l.--Thp r-nntlmicil
fH Strength (if the rnllrenil ahnrrs un
? piled the mere lnteretlnc development
' of today's pIeIiir ateek market. There
was n broader demand for the entire
divlnlnn under the leaderhlp of the In
ttstinent Is'iirs with pnrtlrulnr aetlve
n btiylnc of New Yerk Central. Metlean
1 Petroleum enee mere eame Inte the
HmellRht by reanen of a lmrn epenlnc
"'; advance of mere than (I points. The
i, recovery evidently resulted from the op
" tlmlstle stntement made by Chairman
Vi Doheny ir-Rnnlliig the eempany's earn
"" Inj capiielty. The Pan-American la
st' trailed with advance e! 2''( points
neb In the "A" and "It" Meck. Seme
of the ether oil stork were alie marked
up.
The announcement of the death of
VTIIIlnm Rockefeller had no effect ok
M estate Is underxtped te have been
" BfBiiRed In Mich a fashion that no se-
. cvlt'eti need be liquidated In ltn set-
"' tleinnt. As n matter of fart, the
rtfi.crnl llt showed an Improving
teilcncv and the forward movement
wns well .ntalned until the last half
f hour when week-end profit -tnklni; te-
:' duced some of the earlier Rains.
, Unless prei edents count for nothing,
this week's sensntiennl hippodrome In
Mexican l'etre'eum and a few ether
reeesnlzcd e nselj lield peel favorites i
made a mnrket better te watch than i
one In which te be an active partlrl
1 tinnt. Putting the serewt. en the
short" is geed sport, produces plenty
. of excitement and lelcnt price pyre-
technics, but tt unquestionably, as a
rule, weakens the position of the mar
ket. Fer snme time past quite definite can-
tlen Mcnnk hae been In evidence
BH
W
warning the unexperienced lavman of
ppreachlnR squnlls In the hpeculathe i
neus. Mnnv have continued te iRtinre
them, either through outright (tub-
iz bernness or unwillincnraM te accept
well-meant and dlsini crested adlce. .
yJudsnient of some ethers possibly was
.. warped by the misleading artificial at-
mosjihere created by the flagrant man
ipulative tactic of powerful peels and
ether speculative combination.. i
Kta
if
a rr
w
8i
'ft
HcRanllc'K or existing conditions, clr- ,
i
cumntances and Influences, It must ,
i
urely be obvious, even te an Inexperi
enced lnyman. when a market reaches
atnem where It illsnlars suncrsensl- i
t
t
J, tlveness te Internal influences jnd i-ini- I
ultnnenus indifference te outside events i
,,of highly constructive nature, it has
all
A
11
s reached, or Is rapidly apprenclilng a
dangerous stage. The sharp declines of
- the preceding week upon the disclosure
3 of the top-heavy long account is ample
proof of what can huppen nnd can be
repeated upon the slightest pretext.
' In the opinion of n number of ob
servers, the technical position was
tr greatly strengthened by the adjustment
of the' past fortnight. This Is net con
firmed In the superficial aspect of the
market position. Rather, te the con
trary, ail surface and undcrljlng signs
point te a distinct weakening of the
technical position as n result of the
rapid advance In the selected issues. In
all events, these se-called specialties
proved te be conspicuously vulnerable
te pressure and. consequently, weaken
the entire structure. It is quite likely,
as they failed te carry the muiu body
of stocks up with them, any prceipl-
teus break would find plent of com
Kfc
m
m
pany in the downward swing.
I
t
Tills appnrent unstnnic m.irKet pesi
i
tien may seem, in a measure, paradexi
cal in view et tne multiplying con- j
atructlve developments and preRressle
Utrcnpthciilng of the basic and f inula- ,
Utv.ital position. It must net be ever-
leii!.''d, however, that the consistent
Improvement In general conditions bring
gradually unfolded reveals nothing that ,
Is new, het rather exposes conditions ,
anticipated when the protracted forward
awing was started almost eleen mouths
age. Conditions and circumstances pre
t dieted then from a financial, banking.
commercial, industrial and mtinufac
i turlng viewpoint have been mere thou
" realized, but from the stock-market
yardstick have been amplj discounted.
Ne doubt a still higher level of security
values will be established before the
close of the current jear. In fact, some ,
of the most censiTViitlve interests en
the Street predict unis of the greatest
" bull markets In the annuls of Wall
Street in the fall. HeweNer. the first
stage of the big bull show appear te
, have ended.
Mi
IP
JAB
KHi
ft
l NEW YORK BANK STATEMENT
Deflclt of $3,625,200 of Legal Re-
erve Requirements Shown
This Week
The sudden Hurry In call money rntes
late yesterdaj n. pnrtl.v explained In
the delicit of S.'l.l'.'-'.'i.IKH) of legal re-
I
1
ra
serve requirements shown In today
New Yerk hunk statement. Although
6 llabtllticH of the t'learlnj Ileu-c in
e atltutlens were reduced by the de
(" cieiise of ?Si,e;t(l,OlMI m deiiiuiid dc-
posits, this wns offset h the deerense
t of $VS,.1ll,n()(l 111 reser" credit at the
I Federal Heserve Hank. This resulted
l in n decrease of $(17, .""', 2110 in excess
? reserve, nnd making a delicit as stated
j above, llesplte the week's hea trans.
actions in the hteck market and the
i
n
it r
II
t Peneneil increase in nreners uran imi-
i nces, leans nnd discounts
contraction of j?il7,."itl,2(;e.
I Details ffdlew:
showed a
AVF.RAdi:
Thl 1Ve-lt
17 744.400
!,)( Wt-eU
IL'7 244 OHO
Mill sill UOO
.704 0SO OHO
J Excess reiervt
1 Atsresate tmtvi
1 Leeni. ric
Caih In suMk
S and member
5 belike
JtRer In mem
ber benkx mid
BS1' 741 (Kill
4,S28,xnO,000
01 .128,000 111,721,000
rarvi banks
, lUir In tem
banke and truit
oempanlei
Jteierve In tate
bank and trust
cenipan) dcpetl.
terlea . .
Net demand de de
pei'ti '
Time ilepeilts .
Circulation
posits deducted
H05 130,000 B82,OSI,One
7,421,000
7.410,000
10 100,000 10.350 000
'4 830, S10 000
d.'S.isT.noe
84.50 00O
81. 242, OHO
ACTUAL
This Week
t$.1,O2.1.OO0
58.1.370.1)111)
4. 842.02.1. IHHI
80.333,000
547.062,000
4 .112.217.000
328,575.0011
34 400. UOO
70.032 000
Last Week
I$3, 11.11. OOO
JCxcess reere
AcirtiatK reere
Leans, ect . . .
Cash la ault
and member
kanka ,
)learr in mem
ber banke mid
' reeene banke
Jttserrn In itae
banki and lrul
Oinpaniei
7.452.000
7,801.000
Al
.' J-
BANK CLEARINQ8
' iMMr today compared
Km Jsi.1m two year:
KvWfe.
m
with cor cer
10.M '
:VVtieaaliVeM
ln-IMl'ZZZ v22tl'U
H.wV.ieb
WW, I ,
itH Lnunue no
STRONG FEATURES
(. JMrv ". -"-"T 1 r,liem-ilile Meceilil teuentliresj nun "J ''mi; in-.m-n. . n iiiu iihkiuiii uu ie-.u-.u
' F aMfST'diES.'- Ln Se.th I."'"l''n HnllwHy In ImiiIuic ! vuithlnir ever -f'MKiO.OOO wet.hl ni-
"Ci, iulr'ea ." 10,170,000 10.20fl.oeo J, -no 000 in 4'A per cent redeemable ( IUiil th itKtniidlng i) per cent bends
V f jftt .'aemand d- .. A. . J.AiM.rdehentiiree" lesiie price in both , under the existing monk-age, which lire
''JE".!'!. 'ih" "ii 000 liiV.'s'S 0 k , II, with prinelpal nwl .-ulliiMr- nt 110. nnd puieeeds of about
bV SBSllS,, '.: "ilHsJlued J84:n8?'o;!e KK lRurante.-. by the treaaury. ' .fl.ne0.000 of the new bejiilh w.mi.1 be
t,s. iUirttdBtatrede- .., , .,., . I I'lmiidlan nulii and Paper experts for 1 iihed te piiy for the Wnrwlrk Cempnn).
lr$7 tl&2tit 'ifcVce..40'802, ,,,W,,rwr& ce.npare.1 with Hiil.ii.ce may remain In the trciiH.iry for
ft?' '' fel"1'' '"icess. , JI" weri i ', ,7r,M1 r.er. In li.i n.
Br
' J
JfVx 't
NEW YORK STOCK MARKET
Only Afternoon Repert in Philadelphia Quoting Full Lilt
niv.
Tedsy's
Clnie
Nt
tt
fifitrii
In I
HTOCK
High
15
66J4
49&
3H
77
4714
163
121
26 Vi
13214
105
12'4
116
6
19
60H
78H
41 ;t
Lew
93J
14K
66 H
49)4
39',
77
47
163
121
26)4
132)4
105 -12'-
116 -6
18tt .
41)4
120)4
102)4
138
14
33
89tt
30)4
51J4
51 tt -99Ht
91 K
3H
3tt
30K
113)4
50)4
36 -30)4-
H .
-31)4-1
07 tt
25K
1K
95 -28
65)4
8tt"
61 '
139H-1-
37 H
36
69)4
16K
16H
35H
55
8)4
2IH
26H 1
42H 74)4
42KH
79)4
94
64 K
21 J4
71
90
100
A tax Itubber
.. Albany & Susq. ...
4 Altls-Chnlmers ....
Am Aerie rhm .
Am Beet Sugar pf.
. Am Can
12 Am Cur ft Fdy
7 Am Car A Vav pf . .
.. Am Cotten Oil
8 Am Kxprcss
7 Am I co
1 Am La France Cng
7 Am Loce pf . . .
.. Am Safety Timer...
. Am Shin Cem...
.. Am Smelt
.. Am Sugar Ret
. . Am Pumntrn
14H
66 J.
49 )4
39)4
77
47
163
120"4
26)4
128
105
12'
116
6
18Ji
59K
78)4
39)4
120
102)4
138
13
3)4
88 K
30)4
51 H
51 Vi
98
91K
3H
?)i
30',
s 17)4
26 H
112K
49)4
26
30)4
1)4
75)4
12
31)4
107K
25)4
IH
93 K
27 Ji
22)4
12
64 Ji
8H
61 )4
137K
37 H
36
68
1614
16M
25K
5
0)4
21)4
i5Ii
41)4
74 H
41 tt
79)4
94
64 H
21 '.
70
89 K
100
C7K
6)4
600
603
2ne
100
830
103
200
203
200
100
103
103
303
200
700
330
2933
40J
100
100
1303
400
203
100
1100
103
2100
100
3M
100
933
100
23C
700
1 6700
100
100
500
300
100
400
100
1733
300
200
200
300
100
2700
103
100
700
203
100
8)3
120
200
1C0
103
400
200
1300
163)
193J
58J0
330
303
200
tt
tt
1)4
14
K
6)4
Itt
tt
1
tt
K
2)4
tt
1
itt
IK
)4
K
tt
Itt
tt
tt
tt
"tt
tt
tt
itt
tt
tt
'tt
tt
tt
tt
tt
tt
1
)4
1)4
' K
tt
tt
IK
J4
(4
K
)4
tt
" K
K
tt
K
tt
tt
9 Am Tel ft Tel.
120H
Am Tobacco pf new 102 Vx
i:
Am Tobacco u i J
. Am xvatcrwerka. . . '
. Am Watrwki 6 pf 33
7 Am Woolen 89W
. Am Writ Paper Df 30 U
Anaconda Copper . 52
4 Alse Dry Goods. . . , 51 V
t Atch Tep & San Fe. 99 H
5 Atch Tep & S F Pt 91 J
. Atlan Dlr A Atlantic 3H
. Atlantic Fruit 3 Vk
. Atl Qulf & W I S S 38 H
. Atlas Tack Cerp.. 17)4
. Austin Nichols.. . . ?6 H
7 Haldwln Locemotlve113U
. Baltimore & Ohie.. 50)4
. narmdall Class A.. 36
. Harr.silall class B.. 3014
. Bntepllas Mining... 1 H
E Beth Steel B 76
. Brit Em Steel tZ
. Brit Hm Steel 2d pt 31 Yi
Broeklvn Hdlsen. .. 107
Bklyn Rapid Transit 25
Broek I'nlen C5as rt 1
7 Bush Term Bid pf . . 95
. Butte Sup Cep.. .8
. Buttcrlck Ce 23
. Codtle Cen O U.. '2
. California Petrel., te
. Cal Zinc & Lead 8H
2 Calumet A Arizona. 61 '4
0 Canadian Pacltlc. . . I39H
. Central Leather.... 3'Vi
Cerro-de-raice .... 36
6 Chandler Meters.. 69Vs
4 Chesapeake A Ohie 66 Ji
. Chicago & Alten pt 17
. Chi A i: 111 (new).. 35 H
. Chi A i: III (new) p 55
. Chicago & Cir West 8Vi
. Chi A Gr Wst pf 21 H
. Chi Mil A St P Z6'J
. Chi Mil A St P pf.. 2',2
5 Chi A Northwestern 75
Chi U I A Pac 43
6 Chi II I A Tac Ce Pf 79!4
7 Chi B I A Pac 7 pf 94
5 Chi St P M A O. . 65
. rrille Copper 2' V
2 Clev Cln Chi A 3 L 71
5 Clev Cln C A S L pf 90
7 cluett-Pcnbedy pf..100
4 Ceca Cela 68)4
6 Celum Gas A Llcc. . 67
, . Celum Oraphonhene 4i
7 Consolidated Gas.. 116)1
,. Consel Textiles UK
i Cam Products Ref.1C4
K
tt
1
2
3)4
tt
tt
6JJ .
1000 2
400 5
100 7
1803 4
403 6
430 ..
933 1
1 1 00
800 4
4730 2H
333 ..
430 .
200 7
1500 ..
1030 ..
300 ..
3)0 ,
200
1530 1
303 i
68
115)4
11)4 103 Ji -47
tt -72)4
24
90
16K-34)4-45
20 K
127 -30)4
130 -81
-71
tt -42)4-"-79
K
115)4
11 tt
U3tt
47 tt
72)4
24
90
16tt
34)4
44)4
20 K
127
30)4
130
81
71 )4
42)4
79)4
15)4
23
17)4
79
15)4
101
76
13J4
81)4
94
38H
.'84
79 4
33H
Wtt
16H
21
76
lH
19?4
10
1 04 )4
107 tt
K
4)4
40)4
1)4
3tt
26
19H
73 tt
16)S
15H
:ok
1
41 U
5
24 K
57)4
40 '
47 H
Cosden A: Ce 47 K
Crucible Steel 72 K
Cuban Am Sugar. 24 H
7 Cuba Amer Sugar pf 90
. Cuba Cane Sugar.. 16)4
. Cuba Cane Sugar pf 35
. ravlsen Chemical.. 45
Pebcers C Mln Ltd 0'i
Del Lack 4 West.. 128
1 Deme Mines 30 H
8 DU Pent (B I) Ce.. 130
6 Du Pent 6 deb pf 81
5 Haatman Kodak new 71 W
3 Cite Storage Bat... 42V'
E Kndlcott-Jehnson .. 79 Vi
.. Erie 15 K
. Erie 1st pf '3'4
,, Erie 2d pf 1'K
g Famous Players L. 79
, . Flk nubber 15H
. Krfepert Texas.... 12 Ji
,. Geneial Asphalt.... 66 JJ
E General Asphalt pf. 102)4
6 General Cigar 7b
. General Meters.... 14
ft Gen Met deb 6'J.. 81 'A
7 Gen Met deb 7"c... 94
Goedr.ch B F 39)4
. Granby Mining '0i
7 Great Northern pf . . 80
4 Great North Ore 36 K
Guantanamo Sugar 12 )
. Gulf Mobile & North 16 H
llendec Mfg 21
Housten Oil 78)4
,'.' Hudsen Moter Car. . 1 V
1 Hupp Motorcar.... 19 K
Hwlrautlc Steel.... 'OH
7 Ililnes Central.... 104
.. Illinois pf wl 107)4
, . Illinois rts....
lndlahema Ref H
Inspiration Cen Cep. 40)4
.' Inter Cen Cerp 1)4
Inter Cen Cerp pf. 1)4
" Int Great North wl 26
. Int Mer Mai Inc.. 20
C Int Mer Marine pf. 73 K
International Nlckel l&H
:'. InMnclbl. Oil Cerp 16
. iron Products 31 V
.. Island OH )'
Jenes Bres Tea.... 41 K
'.'. Kansas A Gulf..... 5K
.. Kan City Southern. 25)4
4 K.m City Se pf.... 57)4
Kayser Ce new 40 H
KkIIvSpk Tire 48 H
100
103
100
300
1330
1630
400
100
200
10 0
1970O
700
103
50)0
200
103
200
100
2530
230
100
100
100
12jO
1uC0
100
1 0
103
100
5000
20 00
200
5j0
300
500
203
200
603
300
200
700
103
9700
5)0
300
100
15K
23)4
17K
79 -15H
22K
(6
102)4
76
13J4
81 Vk -94
-39)4
r84 -
79 J', -
38 H
12)4-
16K
21 -
76 -
21 K
19K
10 -
104)4
107)4
K
4H
40)4
1)4-
3)4
26 -19S
-73H-16(4
16
:ok
1 tt-i-
41 H
5)4f 25)4
57)4
40 '
48
22-0
at $470..144 In April and .r.4,l14 valued
at $717,818 in May. 1021.
Combined Federal Kescrve ratio
stands at 70.1 per cent, compared with
77 4 per cent for previous week nnd
f!0.4 per cent a jear age. 1'resent ratio
FINANCIAL BRIEFS
Londen official statement reports
!)Sl.ri00 in geld exported te America
in Week ended June -1. m(imh.
s nigllL'bt point
V ( lilciiK" ieuni "', nf , 1... i 11,17.
slup has bi-en soil breiicht
buyer, oil -'" i""" L $74,000.00(1 in
sale. ,.- an iucreas" of
The average
acthe Industrial
stocks declined 0.0S ""'I'''; AmPrn
, Wit eMcrday te . t
twenty rails advanced O.ld per
ti.Hii, while tne .,.,, .
cent te 1 " .;.."':'., ...,, .. (V, 1,...
lieiuerH "i ui-
fl 71
teiiiac Public
.. .. .r. .- niirl Trndim
Cem
it'it 0
shell 'inn i ; : -. .,,
pan
report i"r 4 - - ,. fft
2,(KH),00U
t,,;ti.-i -ni. , c,..i. u VI.
ixtj i i i it ruining
lireuKht lerwuru. -i
lluslness failures for the week ended
June Si number 1K). which cempar
.1, rt',( Inst week. 321 in the like
:!X eflivjl .1H in 1'.". Its in 11
cent of Ilia
stock.
Heuthern Pacific's May jres.s operat
ing revenue was the bent thin year,
$21.12:1,01.'.,
nn.l li m .-." , ,. .,,,, .,,
nn nml nfter
limn ''li eeiinilivc iiuiius ' - .
year. The May
..i .1,.. vltruuhrldce &
Clothier n per
. luuiu. due March 1
1012. will be '
me, urrii. in ninny
i:riiL .i-f,, , '--
eur. itssuv, ii' - ..,...... .1.. nrevenient in
xehunk'enbli' for liitertn- reieipin m wic ft( we). Jn
Hiin e( llrewn Hrethers 6. U). revenue wnn
V
,.ir.
'n fhlcaire Cnlen Station Company
jear nee Mar,
received authority In
. ...a ('nllinilkHiell
iin lntentnte
order te Ihsue
crnntnt tliitn
l"V""riV .i .iS (100 In bends
Fund I ExreKnivp
from the tlnnneiiiK will be lined te pay w(tn danger of
the coinpenyV corthtruetlen eestH. 1 shrunken yield
...-. n ,nr sneei emeier or
this wctk with
Z Uen J. ; p reported te be
exnel mK Muv blllhiiw nml "
mi im" buslnexK ih estlumted nt 00
?," r rrnt Bree.er then the Hfjine period
tetlll
r iii.t .teiir. 1 milieu "v
.1 r.nfl 00(1
51 .'"""""'
.. , St....'. rl..l. ,. .I..ll.... ... 11
ItOnil .11111 n iuu v. i' t.uw M. "--
k 1,000,000 In 4'r per cent Sl.lMKI.OOO le
it
f.;.. 10'JI Newsnrlnt CxnertH were
i.r.i6,057 cwts. 8galn8lmi.07T last
yrnr, and book paper l0bwt. nmlnst
J3G4 a year te. Expert of pulp
. - oil iinnn .ih'ij n uu v en nm; i' "t. kuui. -...-.. , . , , t
4,8U3'74 5.000 M.llu. Miililft. nt a 8,.ecl.l meeting held, I., cenn. ctien with tin; ,ire,K,8ed pur., r.rTTnw MAOUK-r
lst ffi-etilnif voted te continue inc. m uttse ev tun r.ustern Meei i;empiiny , .... ,..,,.,1
. . . thi. nririiiiizntlen nnd elected of the Warwick Iren mid Steel (Vim-' Prev Cieae Open Iiieh Lew rin.,.
68.584,000 Utence of Uie erMiiiiiiii.uii m-.uierfv Kusli.rn teel will iln July . 21 87 2150 21.12 2120 2l404i
efilccrr. and dlrectern te 8tic eea iiiem. ihii i)re)ert. urn isteei mil no , ,, , r,s , sli?l
.... lerniH expired lit the cl()8e of the .nine liiiuiicliig. It N plnimed te creete i,ec . 21 50 21 30 21 31 si 0.1 21 2TftI
020.554,000 W"T'.:: t..n 1.'l II liew lilertK'IKe with llUlhorlJltleu for J'm 2140 2118 2117 20,0.1 ill 0 i
ii-m'hi '"1 ,' ,,,,,.. u -isHiiln. 1 SK.000.000 bends, of which iimeunt NT. r 7 '-2 -' "I " H" 21 01 1. 01
1 -i.finiiei
, iArl SILVER
Qomeelle bar silver was unehenged I
rk tedey. at
weed were iu,"- '" ""wsv m
he. off He
Ur.A .1 1'
Mi,l83.7i0 egT compared with aO.QTi ra
lucu
tiki If
.,.'-m1 r
Total 8alr 980,100
Yesterday's sales 778,000
Totals for this week 4,906,800
niv.
8a1h In $ STOCK Hlth
700 ., Kennecett Copper.. 34
130) .. Keystone T A II.... 15)4
100 7 Kreste S 3 ....134)4
600 ,, Lackawanna Steel.. 73 H
40e .. Lake Erie A West pt 62
Tedaj's
Clese
Lew
33K
14H
134)4
72)4
62
04
15
151)4
llStt
51)4
16)4
28 K
47 K
42 K
67 K
23tt
180
94)4
I3tt
32K
38 tt
21
4
70
21 K
40
93 tt
112
34
15 -134)4
73 -62
64tt
13
151 tt
118)4
81J4
16)4
29)4
48
44
67H-P
tt
32 M -
38tt
21 H
14
70
21 H
40 93 K
112 r
200 34 Ix'hleh Valley 64)4
100
Lecw'a Ine 15
100
403
700
403
7030
233
2500
4X
800
1010)
12
7
.78
Lerlllarrt Pierre. .. .151 tt
Louisville A Naah.. 118)4
iunCK 1TUCK.
Mclntyre new
81 tt
16)4
2K
48
44
6SH
24 tt
.. Malllnsen Ce
7 Manhat Elev Guar.
.. Mnrland Oil
.. Max Moter Class A
.. Max Moter Class B
12 Mexican Petroleum 103
100
7 Mex Petroleum pf.. 94 tt
60)1.20
Mlddln States Cerp.
Mldvale Steel
Mln a St Leuis....
Me Kan A T (wl) pf
Missouri raclflc...
Me Pac.lMe pt
Mentana Power....
Montgomery Ward
Nat Cleak A Suit...
14
500
630
100
1100
70)
100
100
100
200
100
603
1530
100
9400
900
33
lltt
38)4
21 K
54 K
70
21 K
40
Jvatlenal Lead.
93 K
7 National Lead pf . . 112
Nev Cen Copper.
16)4
16)4
tt
75
93 K
73)4
39
29 tt
26
106
73)4
76
9
11K
72)4
6K
57 K
80
75
8tt
42
9)i
22)4
31 tt
MK
18K
BK
50
12)4
37
23
75)4
100
47 K
120
48 tt
Itt
30)4
BOtt
26)4
16K
74
53)4
35 tt
31K
70)4
93)4
59 tt
18
27)4
;b
44
3tt
7
75)4
13K
3214
e9K
23)4
55
19)4
106
185
116
49 V,
128)4
7K
8
3i)4
3)4
2tt
10K
47 K
47)4
27)4
27)4
81)4
53 J4
15
21)4
137K
37 tt
26)4
5tt
29 tt
BK
22)4
56K
61 K
40 K
98 K
16)4 .
9tt
73
04K
73H
39
30ttx
27tt
106K
9
11K-72)4-
7 -58
-80
5
8J4
42)4 9)4
22 31 K
'2 -18K-
8K
51
62J4
-75)4-100
t
48K 120
48)4-
1)4-30)4-9Btt-26)4
16K
74'
53ttf
K
93)4
59tt
18 -
27KT
28
44)4
N O Tex A Mex..
N Y Air Brake..
N T Central
70
75
95)4
73 K
39
30)4
27)4
N Y C A St L
100 2 H New Yerk Deck.
10230
New Yerk N H A H
New Yerk Ont A W
2030 2
600 7
100 4
1400 E
600 ..
300 ..
600 S
1100 ..
2603 3
29303
9600
500 ..
4270 a
6000 . .
COO ..
600 ..
5403 2
100 ..
4300 . .
800 ..
100 l
600 ..
200 m
100 .,
200 7
35300 ..
100 t
700 ..
2000 .,
Norfolk A Western
,106K
Norfolk A West pf.
Northern Pacific. . . .
Ohie Bedv A Blewer
Otis Steel
Tae Oaa A Elec...
Pacific Devel Cerp.
73)4
77
10
11K
72J4
7
58K
82)4
76 K
9)4
Faclllc Oil
Pan Amer Petrel..
Pan Amer B
Panhandle
Pennsylvania R R.
Penn Seaboard Steel
Teorla A Eastern...
Pern Marquette....
42 K
9K
23 tt
31 K
53
Phillips Pet
Plerce-Arrew Moter
Pierce Oil
Tierce Oil pf
Pitts Ceal
Pitts AW Va
Pend Creel: Ceal...
Pressed Steel Car..
18K
BK
51
62)4
37 K
23)4
75)4
Pressed Steel car pflOO
rreaucers a Rcf . . . 4a
Pullman Ce 120
Punta AleRre Suear 49
Punta Sucar rta... IK
Pure. Oil :ett
Pure Oil pf 98 Ji
Rand Mines 26)4
Ray Cen Copper... 16)4
Headlnsr 74)4
Readlnjr 2d pf 53)4
RemlnKten Typew., 36
RepleRle Stel 32
Repub Iren A Steel, 70 K
Rep Iren A Steel pf 93)4
Royal Dutch N Y.. 60H
Rels A Ce 18
St. Leuis San Fran. 27K
St Leuis Southwest -8
St L Southwest pf. 44 tt
Saxen Moter 4
Seaboard Air Line.. 7
Sears-Roebuck .... 77
Seneca Copper 14
Sinclair Oonsel.... 33 H
Southern Pacific... , 90K
Southern Hall 74 K
Southern Rail pf . . 35)4
Sulcer Mfi- Ce 19)4
Standard Oil of Call06
Standard Oil of N J 185
Stand Oil of N J pf 11614
Sterling Produets.. 49 tt
Studebaker 1 29 K
Sub Beat Cerp 7tt
Superior Oil Cerp... 8
Superior Steel 32)4
Sweets Ce of Amer 3)4
Temt Cern A F "A" 2)4
Tenn Cep A Chem.. 10J4
1203
200
5003
200
2030
100
603
400 ..
930 ..
100 .,
45035.20
300 ..
1800 ..
300 ..
200 ..
600 ..
200 ..
800 ..
1000 ..
6100 ..
7600 6
4603 ..
400 ..
430 ..
4
7
89K
24K
55)4
19)4-
106
105
116
49ttt-128)4-7K
8
32)4
)4
Itt
tt
2
K
K
)
tt
)4
K
IK
tt
tt
'k
1)4
tt
tt
200
100
300
800
6530
1303
100
100
100
100
200
4500
100
1500
800
430
100
830
400
1900
200
100
830
300
1030
300
700
1430
100
0500
300
100
1500
1800
4
E
7
Jtt
7
2)4 .
10tt
27K
81 K
53J4
15 -21
tt
138)4
)4
9
tt
63K 12 K
30)4
13)4
76 r
iittr
20tt
58)4
60
14
26 -r
27K
48 K
18
8'4
163)4 t
BK
Texas Ce 47 W
Texas Gulf A Sulph 47)4
Texas A Pacific
BK
1 Texas & Pac C A O
6 Tobacco Products. .
. . Te! St L A W ctfs B
. . Transcontinental Oil
. . Union Oil
27 H
01K
53 tt
15)4
21 K
)4
1 tt
tt
tt
tt
K
K
2
tt
tt
tt
"tt
10 Union Paclfle. . . .
.. United Alley Steel
138K
37)4
26)4
f6)4
29 tt
9K
23
5714
62 !4
40K
99)4
64
45)4
12)4
I2K
30 K
13'4
76
Utt
20)4
58)4
60
14
26
27 K
48K
10)4
8H
.. Unit Rwy Invest pf
.. United Retail Stores
.. U S C I I a Fdy..
..US Feed Products.
..US Heffman Mach
.. U 8 Ind Alcohol ..
..US Rubber
..US Smelt A Ref. .
BUS Steel
2 Utah Copper
. . Vanadium Cerp ....
.. Vlvnudeu Ine
,. Wabash
.. Wabash pf A
t3tt
45)4
12
12K
30
13)4
76
lltt
20
58 tt
f9
13tt
25 K
'7K
48 K
17)4
Ctt
163)4
8)4
2630
100
Weber A Itellbrener
Wells Farjo Exp..
Western Maryland.
W Maryland 2d pf.
Westtrn Pacllfla pf
Westing B A M....
Wheeling ALE....
Wheeling A L C pf
White Kngle Oil....
White Moter
Wick Spene St Cerp
Willys Overland...
100 2tt
800 ..
200 ..
200
230 4
1630 ..
500 ..
100 2
100 4
2330 . .
600 ..
100 8
200 1
!4
tt
W
tt
K
K
tt
1)4
Woolworth F W. .
Wright Aero
163)4
8K
DIVIDEND8 DECLARED
AhMe!i Corporation of Canada.
14 Mr cent en common and lj per
?e?" July U Pay J'J,y " U
Moen Moter Car Company.
ar Company. Initial nur.
imen. u.iyabl Auimt 1 t0
uly IS. end euartcrlj JI 7-,
)able July 1 te Muck et
terly 2Se en common
luucncii Miit-c riviirin-
tncK of record J
Iinnrevenient In ratio
en iwrrrM. p
about by a decrease of
. rtcera june 20.
deposit liabilities and
811,000,000 in cash re-
American Hcrew Company, quarterly l.
ter cent, pnble July 1 10 Meck of recurd
June 24.
I White Kisle Oil end tlrllnlnir fempenj
. euarterly Mlc peable July te te lecl of
record June 30,
IterrlnK-llall.MarvIn Refe Company, utre
3'i per cent en common, and euerterly of
l'i per ctnt en common and of Jv, p,r i-cnt
i en preferred, ell peyebli July I te Meck of
Water Works and
- .. i,.H n(Ti.reil t,i the
.i7iuii'm. Bin. n w. mi- 1,
Hcrvlce Ceinpiiny tin op-
pertunltv te dispose of their holdings at ' r"cra
xrtfl cash ner share (nar .."()). The ,.,
June -i
nten Company. Ilnlllmere,
offer reulllres the deposit with the Fl- , addition te eeml-annue! S3, both
dcllty Trust Cempuny of Hnltimere en , " "lock of record June as.
l,e(n. tnlv 1" nt nt Ipnsr 70 ner ' Public Fervid Corporation
or before .Mil) J- et nt lenst iu per , mnullli ,iurterly 11.7.1 en
total outstanding common
II .id en preferred, both peyi
te eteck of record July 15
able
American Tetujreph and Cable Company
quarterly lU per cent, payable Heptemb-r 1
te stock of receril Aurut 31.
Dueuean UKht t'empeny, quarterly 1:
against 520,4 10.028 In
. .,..., month thlH , ""?"."-.,.
per cent en preferred, payable
; ; .v.. . .. --.,
report throughout wuh
iiiiiniiin, i cvvuiiiik nil- GRAIN MARKET
uu nrniienea et ei sittehM
()IM;rntjI1K ,,,. 0r08H , Cern prev. Cles,
net quite mi geed uh n iZ '" ,17
Opirt
07
H3
I10i
OH
hut net operating
but net operating In- n:.' ... 7
come of S3.flrtt.0lKl una 1.H03.80: Wheat.
Inufr mnr. Jly
1 13
1 14
1,18
1.13 r,t
1 14 ff
1.17 O
1.13
1.14
1.17
lieat nnd dflrient melHturc. nee.'
iiremnture ripening and "ftt'
Imve hud iniirh te de ;, ',''.
37
89
42
17
.111
87
87
milking uheat go hielier Use.
42
In price. A rise of 2' te .'lc for .J''
wheat, nK coinpered with a week nge s,pt. ',";
wok hIiewii thlM morning. At the hams 1 Ribs
time corn wiih 1111 lc te 2Vic nnd sent "
(.(lis l-1,(f)lVj(. te fttc. The week't. net Lard
chunte in previsions varied from 17c 1 Iuk
12.35
12 13
12.20
11 47
11.47
rspi, . .
Ki.ili.
4,.ri()0.000 luny lie prea
Spot, f 21.
Reserve Banke' Discount
OffMsi redlacnunt rates at the
erel Reserve Henks ire
follews:
Tree a
Lib
ctrs.
, 4
bends
I
Poaten . .
New Yerk
4
Phlledslphla
:..:::. tt
Cleveland
Itlrhmend
Atlanta
'"li'.'.J'. tt
Cklrlfll
I. T MMB
eveinMiv ,,t
Pr Pf "P. ounce
uiir ....
I.
lonaen tne prrc
r
$M"My
l'r",-nr.'',J,ITl
TMiMbJMifTa
jtBaeeeeeeBBHnev!
I.C.I.
A LOCAL FEATURE
Arte ne'e
Kt
Chs,
STRENGTH OF I
1 84 H
Arse Rep'e it
9.... 100
II 80H
It
tt
H
tt
"tt
H
T(tale) l)fli
1 00 Ti
City Ilerne hs
3.... Ill
City Hard's fli
2... 4. 84
City of Copen
hagen SUs
Reduction of Call Meney Rate
Outstanding Development
of the Week
1
tt
1
tt
K
tt
Stt
tt
"w
tt
tt
K
tt
tt
tt
tt
M
1
"n
1
itt
K
K
K
IK
tt
1)4
1
City Lyan
The nctlve demand for U. Q. I. was
the overshadowing feature of the other
wise dull trndlnjc In the local mnrket.
The movement was without definite ex
4
City
Mars'n lit
2
8
Ciy 1'nrtn
' 8s
planntlnn but disclosed the floating sup
ply te have been pretty well cleaned
up. The active buying did net develop
until near the end et the first hour
but carried the prices quickly up ever
a point te ")2Hr. making n net gain of
'i points from the bottom price of the
week.
Dealings In the rest of the local stocks
were small and price changes unim
portant. The Philadelphia Electric Is
sues were In moderate demand nnd
closed at the top prices of the week.
P. n. T. appeared te have found sup
pert at IWtt. Yerk Ilnllwirys mode no
response te the dividend action yester
day and changed hands In small lets
nt 27"4. There were wide variations
In several of the se-called New Yerk
stocks, netablv General Asphalt and
Texas tc Pacific.
The mero Interesting developments of
the week from a locel viewpoint were
supplied from a purely financial angle
2....
cty nie dc J
nerle 8s wl
1....
Cty Bae
si wl
8....
niiaie)
City of
font fli
S
8
1
1
Ciecho-Blevak
JID a
8
7
1..6...
a
2
City
Zurleu
1....
1....
Denmark
ct D 8s
2
K
1.,
Dfpt
7..
K
tt
I
Itt
tt
tt
tt
tt
K
1)4
K
tt
2tt
K
H
tt
1
I
3K
' tt
tt
tt
tt
rather than In the happenings of the
stock market. There was marked cur
tailment of activity In the latter, which
shows signs of entering Inte the sum
mer doldrems. This was te be expected
In view of the realizations of most
events which earlier In the year were
te he classified in the category of ex
pectations. Therefore, Just nt the me
ment there Is nothing In stght te In
spire fresh speculative Imagination nnd
It Is always hard te work up enthusi
asm en known cold facts and figures.
It was the money market which sun
piled the mere important events. The
1
r rtntds
1
D Can iids
....
1..,.
1....
4....
n Ounsda
a
2
De Cn
10....
1....
1
3
!!" . , .
8....
H....
3
reduction of the local cnu rate was al
most foregone conclusion, yet it was te
be nccepted as further straw In the
wind of the almost phenomenal change
which has taken plncc In the monetary
Mtuntimi from that of n year age.
While it shows te some extent a con
1.
Dutch
rct '47
tinued piling up of unemployed tutms
It also indicates n policy en the part
of the leaning institutions te keep the
funds in a most liquid form possible.
It has been the policy, however, of the
local institutions for some little time
te emplev leanable funds In short-term
Investments lit order te meet the ex
pected Rreeter commercial demand In
the fall. The stock market require
ments have nt no time been burdensome
11 h it has been only recently since the
leaning institutions have shown the
s Iphtest relaxation In the nttitude to
ward discouraging any resumption of
activities having the slightest suspicion
of speculation. ...
It is mere or less of a mystery te In
vestment bankers why the underbills
securities of the Philadelphia Itnpid
Transit Company fail te respond te the
resumption of dividends by the operat
ing company. In the opinion of these
experts the position of seme of these
1
r....
1...
Dutch
rcta '
fl...
1...
2...
2
5!!'.
tt
tt
K
tt
tt
1)4
')4
K
tt
1
Oje't
n 74
4...
4...
0...
1...
10...
.1...
10...
4...
Clne't K
10(ale)
4..
1..
1.'.'
1..
1..
1..
1..
1..
n
cempnnles is new viriumijr cu.....c."
te a tievernment oenu. itSiiaiiiv
rentals can unquestionably be regarded
as absolutely safe, while the Intrinsic
vulue has been greatly enhanced by
strengthened physical nnd financial po
sition of the operating company. Uhe
income return of bcvernl of these Issuejj
exceed that of some of the newer bend
Ihkucm nnd pevsess far mere potential
value.
I Philadelphia Stocks I
i..
Or'd
Can Oe
8....
1 102T4
Or'd Trunk of
Canada 7
2 1134
Jap Qeve't let
3 em
Jap Cleven' t 4i
1 77 ;
1 7TH
1 7T4
K Delrlum Se
tt
tt
tt
itt
tt
K
tt
tt
tt
Itt
54
tt
Net
Clere chge.
m
r.ev.i
2.1..
en!ri
lttKh
Iaw
19
HO Am S & C ID
1
K IlelCm
.I'JOtH & O.
r.e'j
40
f.1 Mi
fiuriiKn it l. "4
I'.l'
1...,
lfltCnl . &L 8'i
20 F.rie Mcht 2.rVj
IfiOtJeii Asph. 0074
100 de pref,.10l
2,-itC.en Mtrs. 13
lOOtKan C Se 24
8
23
I....
1.... 107T4
K Ilnlglum 84
6.... InO'i
00
101
13
24
10
73
32
101 ..
13
24
73
32-
1.... 100U
Klnsdem Den
mark ct Is
18 084
2 08
8 OH
2 08';
2 08
K of Nether
lends 6
8 07
100 I.k Sun O 10
H
H
!i
!i
Vi
H
V
Ti
V
'A
A
H
Vt
1
VA
10 J,eh Nnv.. 7IU
VA
lOtMldvale. .
80tN Y C &
St L. ....
10tN Y N H
& II...
.12
73
73 73
20
20
81
42
31 .
38
28
30
33
74
70
30
20
fiii
42 vf
.n ';
. 1
20tPan-APet 81
ivinxaem
way ct
800 Penna II It 42i
llltPere Mnrq .11'
54Phila Ce
cum jif.. .18V4
r.0r Phlla Klec 20
20 de pref.. 30
2113 Phlla It T .13 H
10 HeadlnR . . 74i,4
10tSears- libit 70
10 Tex A Pac 30
- ,M Sll.. 4 a
i....
k
.18 . .
28
30
33 . .
74
70 4-
1....
Ferle-I.yena
Ob wl
8
4.
i..
0..
4..
1..
30 3
i..
r.21
1..
4..
1,1 lllllfl .fllll.
lOtTransOll
880 C (I I
.13 de pref..
20tWnlmsh
pref A . .
.10 Yerk Ilwy
m
1.1 V
Yt. I1IV4
Qurenel'd
mr.I -.
ll-' 1)1 V4
r,3 n.i
Lean
2....
2....
eujrtcrl
i,nt en
'0' '
2....
.10 .10 .10
27 27 27..
lupuc-llc Iloll Ilell
vla 8a wl
8.... 101
1.... 101
2.... 101
a.... iei
lien Chile "'i!
Initial nua
t.S'et chenri mad by oemperlinn with laat
rale cm New Yerk Stock Eichenc.
Total eilei. 3000 eliarte, cempered with
88 3S xhirre jesterday. Thue far thin week,
48,060 eliarte
riiiiAKKi.riiiA nnxns
2....
WK) Liberty 4th 4h '38..,
1.... 102
1 102'i
nen Chile '4(
1.... 103
Tie p e or Uru
.100.04
.100.10
.100.. 14
.100.44
. 80
. 08
100
1000 Liberty 4th -iy8 '..
4000 Victory 4s '23
(Ulfl Victory 4 a '23 ....
3000 Amer flan & Klec ffs
2000 Phlla Klec lt fbt ....
15000 Phlla Klec 5s
'000 Phlln Klec OVja
cuay 8a
1....
eitrn .10r In
00
payable July
of Mirthern
common end
1000 Phl'n Klec 5 00
7000 Phlla Klec fl 10S
Total, 138,100, cempered with l10, .130 yea
terdny Thue fer thle week, 1411,300.
Ausuat
FOREIGN EXCHANGE
New Yerlt, June 24. QuotntlenH In
foreign exebange were at new low rec
ords for the tiny, sterling showing a
Ions of 2c from the close ycktcrdny,
francs bring down 8 points net and lire
showing it net lese- of 18 pelntn. Marka
were down 114. The rem of the mnr
Aueuat 1
te
11 A M.
.'
60
10
ket suffered lessm of 3 te ltl jielnts.
Quotations; were: Strrllng cables
4,;iS, demand 4.37 : franc cables
8.41V., checks 8.4014; Ilelgiun cables
K.014, checkH 8.00-4 ; lire cables
4-fWMi, checka 4.01; Swiss cables
1K.00, cheeks 18.87; peseta cables
15.50, checks 15. 4H; Danish cables
21.20, cheeks 21.15; Norway cables
10.40, checks 10.35; Swedish cables
25.40, cheeks 25.41 ; guilder cables
38.25, checks 38.20; marks .2.8.
The iiremliim en New Yerk fund. In
Montreal today was ipieted at 1 23 32
per cent. The dlM-nuiit en ("anedliiii
1 Id
1 14
1.17
37
30
42
11.70
funds In .lew ierk wus I 1 1 - its per
cent.
Central Kiirepean exchanges were
nominal today. Austrian whs frac
tionally lower lit .00(12. Other quota
tions were: Humiitilan, .O'lVji Ilul
garlnn. .75; Serbian, 1.33; '.echo '.eche '.echo
Slevuklan, 1.01 Vj! .lugn-Sliivliiii,
..'1'4 5 Oreek, 3.20; Kinnlsh, 2.20 j
Polish, .0230; Austrian .0002; Hun
garian, .10',.
YKHTBIIOA f'H CIOHIreil QUOTATIONS
Hlerllni Francs I. Ire tlullderi
Demand 4.4i 8 80 4.75 38 40
Cables 4,41 8.50 4 7.1 38,43
TODAY'S OPKNINO QUOTATIONS
SUrllns; Francs Ure Oulldere
Demand 4,IU N.42 4,87 88,22
Cables 4,10 8 43tf lit U.U
CUDfllNO QUOTATIONS
Slerlln Pranri Utt Oulldere
Demana 4.8S 8.40 ,,.e? T S,I5
Uablfi .,,.,, 4.S 8,41 u" as.-jj
-. , t , I - , . ,
Rates
tevf Fed
Cem' I nicra.
paper accr
T-
4
4i,
n'
tt
:-
fCOMPLETE NEW YORK
IflAT.nS l.V 11000
D de Ntmeuri
P'rdr 7 Vts
S.... 107
8.... 100'
Ixioee-Wlles
n
Statu of Pan
Cemp'y
1
Paule ct Si
8.... 102H
Le A Nash
Snltsd Cnn i
1.... ienu
1..
en
A.... HSUi
Du Llsht 74i
10.,
2.1..
8..
8,.
2.... lOflii
I.... n
O K Ort llrlt
V.mv Oas A F,
I'd 1023
7Us rets
1 ... ions
30.... ions
10 084
1 084
8..
tuuls A Nash
8 084
2 084
vltle r,
12.... 1034
1.... lean
tr k art tint
m A Nash St
tc I'd lfl'JO
IS,... 107V4
in.... ieth
1.... tOTK
6 08 4
11 084
Erle Uenl Men
8 84
8 84
i:rle It n cv A
8 84
01 Mi
I, Dlv If
1 01
em
i
Manall Bucnr
84
Ce 7i
2 08
17 07
4 08
tr K Clrt llrlt
A I'd 1087
84
84
2.
103
nrle It It cv D
1.1....
1....
1....
104
1034
103H
..
1 80
Market St It!)
Erie It 1st rn
8 Fran let
4 88
10 88
1 88
T 88
100?;
in...
r,.... 104U
10.1'
Erie Hit Ce 4s
U nra 7 wl
1 08H
Z S8H
riik nub'r Ce
8s ret
1,... 108
Fram'n lnitut
Dei 7V4h wl
3 07)i
Francisce du
T4i wl
1.... 100
Gtn'ee Itlv 64
1.... 10.1S
101V4
Paule
V n Dratll s.
M Oil ct 7
2.... 104 Ti
4.... 1041,
Hiftle) 1044
1.... 10414
8.... 113
1.... 118
10114
101
M Oil wa'd te
Hcle
2.... 121
IT fi Mexico Ik
Mex ret'tn
n.
V2V,
42V4
524
8SU
.... .
.... 48
10.,,. 107
Otsale) 107
1.
U H
Mexico Ai
Mlrh H Tel
10.
4,
l!
. . . . no
3 08
.... M
8a wl
CoeHjeir T A
Mid rt ft Or
.... 00
H Mexico
U'd
nub'r '81
1 Rfl
7VaYei 88
I!'t
05 Vi
iMtt Si
.' tin
1
1014
1014
1014
1014
1014
101
2.
1.
2.
1.
1.
Mln A St 1.
nr
AiHma llm An
1 40
1 404
04
93
n 71
1 ,'1
M A MI. fd :.
Am'n Ar'c A
40
111
Chem Ri
4 0.1
4 08
Geed) ear
T ft
M HtP ft ft
llltt
llub'r '41
Marie 04a
2.... 102
Cen
1.... 114V
Amn S tt It R
4.... 1144
M Ken ft
10IIV
2 02V4
1 02i
1.... 1144
aj wl
8...
1...,
8...
,. HJ
Xnter'l ft Great
Stlne Ts
N'n ct 8s
10 044
n 02
. . 014
American Hus
... Ot
Itet'K Oi
10..
3.'.
1..
8..
4..
0..
4..
4..
nit
ni'
01 i
(12
111 '4
02
Great Nerth'n
M K ft
a es'i
Chl Hurl Q
II 3H
II S2H
1 83U
C II Q II Is
is em
a 01
1 02
10 em
Chl II & Q 3s
1.... 100't
10.... 1004
1.... 100H
CiUQ "
2..,. 0T,
8.,.. 103H
1.... 1034
2.... lOAtt
1.1..,, 1UOS
10.... lenv,
3.... 10.1
41.... 10.iv,
3.... lO.IS
4.... Ifl.lH
00.... I0.1i
Chl k i:rln 1st
1 01 U
C K I n Ml
1 70
Chl A Q W 4
n no
2 ee
rhi Mil & i'st
Sound 4s
1 72
Chleiise Mil A
St rul 4s
8 78V4
Cblcase Mil A
St I 4s '23
78H
1 7SIJ
T8V.
Chlcace Mil A
SIP v4Hs
8 fl8
8 INV
Chicago Mil A
HIP fd 44.
8..... Olfi
4 (Hat) 014
T 2nd
0H4
niy r4
r...
100(4
loe't
1
in...
rt...
n...
2...
2...
3...
i.
ioe;
100 ,
100
M Kan
ft Tex
PR".
100H
100i
4s wl
1....
M Kan
Se wl
1....
1.
23.
1.
8.
. 07
ft Tex
100S
100
1004
100V
ineH
1004
100
100i
Bltt
01 i
100H
1001.
1.
101
0.... 10014
Great North n
Me Pacific Is
' II
Chlcace 2111
A Tel A Tel M
2 88
8 03
Me Pacific 0s
2 00
10 00
0TH
0 074
1 074
St P cv M
2 73T4
0 73
4 7S-.
2.. .. 7SH
Rall'y 7a
0TH
4.... 1004
8.... 109 f.
l(iale) 100 4
112 wl
A Tel ft Tel Hi
OS
1.... 114
Am Writ r l
1 884
1 804
P4
0SM,
084.
OS'i
8.... 1004
8.... 1004
National
Chl ft N W'n
Ci ct Be
8s of '87
4.... 104
Helland-Am'n
I.lne (Is
10 H24
Hud A Man fd
1 884
2 80
8 00
Ant Jur Un'il
.Iter W (a wl
8
3
1....
. 08H
1'fl'l
C ft Nwn 84s
f. 004
1.... 110
ps i,
Chl ft Nwn 7s
New Kne
08 i
Armour 44
4 804
1 804
1074
Ce Ra wl
K Ind'a
Chl uwy n
Ilia Ct'l 4 S2
8
0
1
4
A T & 8 Te 4
1..
bi;
1 82H
114'i
04
H4'k
Ind'a
2 814
2 814
c n
V fd
Ilia Cnt' .14
2..
10..
10..
1..
2..
814
81
81
814
81
814
n H2K
Atdh T S I'e
III C St I. ft N
1
cv 4 'OS
Or Jt 11 8e
2.1 04V.
N Orleans
2 814
A Coast I 4
K'n 4 4s
. 044
. 84U
Ilia Steel 4 4"
4 82
2 80
8 80
S 80
1.
0 004
1
3
N V Ct'l
n
lO(sate)
2
. 04V
Chicago Union
10 004
. 04
. 04
Trench
Hta 4 4h
2 00
2 (10 4
Ind III ft I 4s
A C I.lne 44i
10 874
Chlenge Union
10 AH
10 NO
rct
Ati'e Krult 7
Hta ct 04"
1.... 11314
1 1144
1004
1 30
4 38
Indl'a Steel .in
:uih
10014
100
100 ;
100s
1..
fl 00
8 09
N T
Cent'l
Chile Cep 8e
2 804
2..
1 B44
2 40
Info Met 4 4a
N T
Cent'!
Chile Cep'r 6s
Atlantle Ilef's
1 12
...
. ..
...
. ..
. ..
2 014
3 00,
ct 04a
Int M ct 44s
1.1.,
8..
1.,
6.,
N T
10.,
100
100
1.... 1034
1.1
12 4
Chile Cep'r 7
1.... 108
2 103H
1....
Intb'e
4...,
0...,
20...,
10...,
10...,
4...,
1...,
12V
It Sa
10.14
2.... 10l
2 ... 1044
Clncln Gas ,1a
T fd
08
1034
Halt A Ohie cv
Cent'l
07
leai;
1034
10 82U
.1 084
. . 103
1 824
8 82'ii
1 824
Dalt A O 84
2.1 034
nO(nale) 034
28 034
80 (flat) 034
23 Ofttt
S0(ale) 03 H
Halt & hle ,1i
1 8.14
08
08
08
8.,
1.,
3.,
3.,
10.
8.
1.
Cln Gas wl
..
1034
1034
m.it;
10.14
84s
10 084
1 084
..
..
. .
..
..
..
08
08
(18
084
08
0S
08
G8
C C C t St I.
Ser A 0a
2.... 1004
2.... lOOt.
103.
1034
103
N Y
Cent'l
7..
8..
18..
3.
0.
Cl'd Cln Chl ft
.. 103
1(13
St I. cm 4a
2 81
..
..
..
Trunk of
1
1
rets
103
3..
08
Cle eland Ter
Dalt & Ohie On
Intbo'e Rap T
34a wl
fl(snle) 10.1
n
00 '4
fls wl
25 004
1.
101
101
101
102
102
101
101
102
102
102
102
101
4....
2....
00
00',
034
4..
11..
83..
II..
1..
3..
2..
3..
8..
8..
8..
1..
4..
A..
3 .
1
23
30(eele)
1
Inter'l cement
New Y N
Cerp 8a
1.... Ill
Hart'd 0s
2 70
1" 7S
034
09 4
Inter'l ft Great
Dalt ft Ohie S
N aj wl
N Y ft R
W'n 84a
10 00'
1 82
25 03
N Yk Rly 5a
1 10
N Y Tcle'e '41
2 534
1 00,
2 00
2 0OH
2 00
Inter'l A Great
Nerth'n 7s
102U
74
2.... 100
1....
6....
4
2....
5....
10(Hale)
3....
Hell Telephone
101,
101
102
102
102
I M Marine 8s
3 07
1 07
80 07
Int' I Pap b Bs
2 83
1 8.1
lewi Cent'! 4s
2 444
108
107T.
of Tn 7i
1.... 101,
1.... 108
3 1084
Columbia (1 ft
12.... 108H
niec 1st
2 0I
1.... 104
.... ION
N Yk IV
neth Steel fl
Cen'd Ceal Ce
Hest 4s
0 08
II 08
of Md 8
14 87
11 87
13 S7,
1 87
1 874
Iowa Cent'l 6s
3,
1 70
Julius Kayaer
A Ce 7s rets
4.... 103
1.... 103
2 103
1...
5...
4...,
1...
ured'n Cep il
Cemp'y 0a
10 08
Dkn Kdl C 5s
Nfk A
1 04
8 04tt
Cens'd Gas 7s
11...
B nap V ct 7
8.
115
K City Ft S ft
0,
074
3..
25..
1..
11.1
115
114
Memp 4a
2 78
N A i:dls'n
net'
8a
10 78
0s rets
llkn U'n Kiev
Knn C ft S 5s
1.
ine;
1st ata
1 83
10..
10..
115
11.1
1 80
1.
1.
.1.
4.
1.
1.
Sweden Hi,
K C T Rly 4a
102
Iluffale Itech'r
Cern Pre Re'u
1 82
M
ft ntt 44a
Ce 5s '34
1 00
Cuba C S cv
1 824
8 01
Kelly Sprlne'd
80
80
80
nuah Hid 8s
Tire 8s
10.... 108
1 . . . . 108
1 00
! 83
11..
.Canadt'n Nthn
Cuba C'e sue
North
sn;
0 4h rcta
10 111
8s sta'd
Lack Steel '23
0 00
3 100
LEA IV lata
1 02
Lake Shere M
fi'n 4s '28
2 04
2 04
Lake Shere M
B'n 4s '31
1 02
Hell T
8....
4....
1....
80
801,
80
1.
Canadian N 7s
87
80
87
80
S7
87
8..
8..
0..
4..
.1..
10..
1.... 113
1.... 112
Vxi
N Ohie
7s
1094
1004
Cana'n Pac 4
Light 0a
A 78
1 77
8 78
18 784
5
87
8
100
Del ft Hud cv
8
1
1 1)0
Cent of Ga 8a
Del ft Hud fd
N PaclOc
2 09
10 00
D A Hud 8s
3.... 101
1.. . 102
Den ft R O 4s
3 78
Det Kdl 8s '33
1 08
Det VM 5s '40
I.... 10114
Det i:dl Ce flu
1.... 101
2.... 101
Det Tun'I 44s
3 87
2
Cen'l Pac 34
Lehigh Val 4a
1
1 OOil
1 82
1 82
N Pacific
Ctl Leather .la
1
N Pacific
A 1)7 4
1 82
102
c II N Jev ..
I. Valley 44s
1,
1 .. 1071
Cere de l'.m'n
18 804
1...
1...
(I
3..'.
Nth S
L Val en 4 4a
Cep' r 8s
2. ... 00
1.... 117
C ft n sv 44s
1-e.hljth Val da
1.... 102
2.... 102
i H
1...
104 C ft O cv 3a
4 ... 102
Oregon
1 01
L lid N Shere
1
8
... ' 1 03
20 02
Readjustment of Debt and Capitalization of
ATLANTIC FRUIT COMPANY
Te the Helder of 7 Fifteen Year Sinking Fund Convertible
Celd Debenture Bends of Atlantic Fruit Cempany:
Te the Stockholders of Atlantic Fruit Cempany:
A large majority of all the creditor! of Atlantic Fruit Company huve already
consented te the Plan of Reorganization of June I, 1922, The stockholders and
debenture bondholders, who have net deposited, arn urged te deposit their securities
with Columbia Trust Company, Depository, 60 Broadway, New Yerk City,
en or before July 1, 1922. Thereafter deposits will be received only
upon such terms us the Committees may determine.
DEBENTURE HOLDERS' COMMITTEE
HOWARD BAVNK, Chairmen
Vice rresldent. Columbia
Trust Company
Secretary!
UKOROK B. WARRKN,
Ureadway, New Yerk, tt.
80
NEW YORK, JUNE 20TH, 1922.
sWTTO
fct.j -'.,. -,..,. - -i-Tl
BOND TRANSACTIONS
P 2 D1H
Union Pae cv
U R Steam f
TV Pa Pwr s,
e 2
034 Ore-W II It Ce
10 04
7(sale) 04
2 1)4
4 044
. 2 04
Union Pac 4a
8 04
1 03
Unt'd Drua- 8s
1.... 110
lO(snle) lien.
1.... 110
Ce Cep 0s wl
8 0.1
West shore 4.
4 N CO 0
U'd S Steel r,.
10.,
81
1.... 102
11.... 103
l(eale) 108
1.... 1(13
8..,. lOStj
10.,,. 103
10.... 103
i 8!H
e 8Jti
7(salel .?
01
em
01s
I'nc O ft
I! Sa
00
W Union 0,
!". 109a
Pae T ft T 8
014
014
4 07
Pac Tel A Tel
ill. tin
Weallnsfhs'e b
8s rcti
2 02
2 02
1 02
Utah P ft I. r.f
" TS
10t4
2.... 100
li... tnati
1 01
U S llub'r Ss
Va-C Ch 74
Pa Rd en 4 4
1.
89
80
80
80
80
88
811
89
2.,.. lOr.'i
WlckVe Spna
2 07
2 08
8 08
Pa II im 4 4
2..
Va llwy C'j r,h
aitei ,a
J 08
1 08
04
4 08
- 99
1 03
1
4
2(sale)
II)
8
Warner Suar
Itef'e 7a
20..
014
01
01
01 .
01
01
02
01
20..
20..
3..
2,1..
8..
12,.
1..
8.
8.
100
100
ine
100
100
1....
3...,
West'n
Wilsen Ce lit)
Unt'd fuel
ft
D7
Wilsen C 7j
8.... 102
4.... 102
Gaa 0a
18 084
Md 4 s
Unt'd niys Cc
2 03
4i
8,.
02
St Leuis 4s
1 Ot
West'n Pee n
1 07
Penna ltd n'jt
3
108
Total sale
Yestrrd ' wiles . . .
Totals for this week.
'577'OM
873.490.M0
8...
0...
2...
. 108 4
. 108
. 108
it it :-
. 109
. 110
Cnty fd
.. 07
Oil 8a
8s
Penna
High
Lew
Cleu
2...
4...
Phlla
0...
Liberty tym ....100,10 100.0S 100.10
Liberty 1st 44s. 100.28 100,20 100 (!
8a
81
Liberty 2d 4Vi8.. 100.10 100.04 100,03
Liberty 3d 414s.. 100.14 100.0S 100.14
Liberty 4th 4V,. 100.22 100 14 100.22
Vic Notes 4-i s... 100.50 100.54 100.54
rietce
1
00
Is
Preduc ft It 8s
1.... 102
7.... 102
8,,., 102
Pre A ReOners
war'd 8s
2.... 114
10.... 115
Reading Ce 4a
1 83
2 84
Philadelphia Markets
file
WHEAT Receipts. 220,300 bush, Qut
hut steady. Car leta In expert delater
Ne. 2 red winter, f 1.2101. 20: Ne. 2 red
winter, garlicky, fl. 1801. 23. Other graiti
quoted at the following schedule of dis
counts!: Mixed wheat. 6e under red wlnUr
Ne. 3 wheat, 8c under Ne. 2; Ne. 4 wheat'
7C under Ne. 2i Ne. f, wheat, lie under Ng'
2. Sample according te quallty
CORN itectlpla, M.4J4 bush. Markt
Wlc lower. Car lets nl expert elevator elevator
Ne. 2. 71SJ72c: Ne. 8. 707lc: Ne. 4, 3
B9c. Car lets for local trade Ne. 2 sl.
low, 7447fie: Ne. 3 yellow. 734 974c.
OATS Receipts. 12.902 buah. Market de
clined Is, Car lets as te location Ne. 2
whlte, 46447e: Ne. 3 white. 45440c.
FLOUR Receipts. 400 birrds and 1,132,.
071 (Kiunda In sacks. Market quiet ar.d tin
changed. The following are the latest
quotatiens: Per 190 lbs. packed In 140 1s.
jute sacks Seft winter, strnlght. Wttttri
Tex
r.n
80
r,e
Reading Ce .fy
Ct'l Cel 4s
1 844
Rogers Brown
04
Iren Ce 7s
8 07
St Ij ft S F aj
8..
1..
2..
1..
... 78
... 78
... 78
... 78
ft S lp In
... 68
81
St I.
10..
4
08
10..
68
St I, ft S Fran
Tube
Series A
1 71
ii.2im H te; aa. oe. nearDy. n. ;.); 5 so se
hard winter straight. I8.73tp7.23: de, short
patent. l7.50W8i spring. Orst. clear. (t 7.10
7; de. patent, $7.50 it 8: de. short patent.
tsTtl.10: fancy spring and city mills, pet
ent, family brands, I9(u"0.75. Re flour.
.-ifi! in,
PROVISIONS Steadily held. Following
qiieis. llcef. In hets. smoked and alr-drled,
8c: beef, knuckles and tenders, smoked and
Mr-dried, 49c- perk, family. J28: hams, S. P.
curnl, loose. 8llU31c: da. skinned, loene. 10
II 31c: de. de, smoked, 3.' ft .13c: hems, boiled,
boneless, 01c; picnic shoulders, r. p. cured.
loe. me: de smoked. 10c: bellies, In plekla
Ioekc, 17c: breakfast bacon. 23c: lard, tie'
UIJTT Kit Sold -lowly nt form r rate!
Thn fellimlntr ere tmlin's '!Jtnt!ni:
Snlld-pncked creamery. In tubs. hlRh'siurlat,
anitrtlc: extra. 3Sc: extra tlrsts. 3c; nrnti,
32M34c: seconds. 20W31c: stteet creamery,
28 71
10 714
00.
00
100
St L ft B Fran
Series II
2 84
Tele
St L ft fl Fran
074
07
07
074
5a wl
1 03
2 04
St I, 8ew'n 8s
074
4 70
1 79
A N
St Paul ft IC C
H I. 4s
10 814
83
82
84s
77
77
77
Seab'd A I. a
1....
2.1"
'4
Seab'd
I. Or
88
58
58
88
80
r.e
80
Chere 10 mm?, iv-ut-v. i;-.ir ig koe., hiu
W3s4c; extra prints, Jebblnir nt 44047c;
some special fancy brands higher; fair te
geed. 40W43C.
T.OOS Fine ecus firm nt late nrtmnee
Quotatiens: Nearby, extra llrsts. 27c, Aran
25c. seconds. 21M23c: Western, extra flrstt
274c: firsts. 2.14 e. seconds. 21 J 23c: fancy
candled citgs Jnbti'nir te mailers at .l.'flSTc
In cartons, nnd 34 5f3flc loose, fair te geed,
29'f33.
CIinKSn Market Arm. New Yetk wheli.
milk Flfts. fancv fresh. llH4C?20c: de fair
te gerd. 184Tinc: Longhorns. 20fT2(ie;
Single Palsies, fresh '.'0ir20c; Jobbing
sales of fency ennds. 2lfff22r.
LIVE POULTRY Fowls, net Leghorns,
via expresH Foncy, fat xellmv-eklnncil 50
27c; fnlr te geed 24 C 23c; fowls. Leg
horns, nccerdlnt: te qualltv, '.l3iif2.1r: spring
chlckena, net Leghorns, fancy fat ello elle
skin, welBhlnc SffS'l lhs each. 4n4e:
sprlnsr ehlckene, net IKherns, smaller !,
3011420: sprlne chli l.ene. I eherns, fancy
fit iellnw-skln. weluhlns" IHfl! lbs ejeh,
30ir32c; eprlnc chickens. Leghorns, smltler
sles, 2dff?"Sc: old roe4ters, 1.1M17': durka
WMte I'ekln. 20fT22r; , mixed colors. 14$
18c: plceens, per pair, old, 40?45c: seung,
30 ft 3.1r
DRESSED POULTRY Fowls, fresh-killed,
dry-Picked. In lsix"r Wrlshlnc 4 lbs stid
eer apiece, 30c: welshlnc 4 lh e;
weighing 8 lbs, 2ili 2Ti welghlnc 3 Ihi.
24 (it 25c: fowls, frh-klllcd. In bbls. dry.
pi sited, weighing I lbs nnd mer npleee, 2c;
welahlnr 34 lbs 2S'.ci vli.hlna .1 Ihi
rnd under. 21 Q 23c; broiling chickens. Wet.
2....
2....
77
4s
00
24..
2..
Its
4
04.
04
04
01
1.
Sh Steel It 8s
2 08
1 08
Sinclair C Oil
0s
Cerp 7 rets
2.
a.
8.
08
103M
08
08
08
08
08
1034
103
1084
108
103
103
1
n(sale)
B
08
Sinclair C ull
7s
Cerp 7 4s
3.... 104
2.... 104
Sinclair crude
10.1
105
10.111
O P Ce 5
1 os
in ns4
30 0RU
10.1
10.1',:
II A
Se'n Pacific fd
8 88
2 88
2(sale) 884
em, I5w-lnc: de nriir-bv, 50tt.13e: old
roosters. dr -picked. Western. 10c: de de
Southern. KWlSc: spring; ducks. ncar-b,
24c.
n 5s
2 884
Sen Pac cv 4a
2 01
4 01
1 01
1 01
104
104
104
1044
104
104
1044
LIVESTOCK QUOTATIONS
rhlriige, June 24. CATTLE Receipt!,
500 head Cnmpired with a week as'
Strlctlv geed te prlme c.irn fed steers. IB
Cit 2.1e hlRher. tither geidee (Trnsners and all
fxrept strictly choice eilncx, 1 .1 -fl 29c
lower: fxtreine top leef steers, $10, beat long
leadings, $0.7.1 In-between irrudes butch
ers. rows and heifers wak tn 1.1c lower,
othere and ennntra nnd cutters, largely
steady: hulls. 31c te 50c lewer: en rahai,
73ctfi$l lewer: Kteckers ind feelers, 21B0c
off. lower grades declining meat: week's
Se'n Pacific rs
1 101
n Ilallwnv 4s
1 (1(1
.1 00 ,
1 nn
Sn Rallwav 8s
C ft
1 or.
4.. .. 1)5
54
Sn Rall'y ns
. 53
. 53
1 00
2 M,
''"J? I 8iKi7 21: butcher sliw sleck. S4 8.1 97.51:
;' V rnnners nnd cutlers. $3ff?4; eal cahei, 8
"' U 8 50.
HO HOCK Receipts. 0000 head. Steady te
. 53 li
. 53
-0... .
1
fl
W'n 4s
. 01
2.... en
HKsale) Sill
Spina 4s
3'Ksala) 88
strong with I rldav'a ntrnge. Tep $10 80.
bulk. Ill 80fi 10 7.1: rles strnns te SV
higher: mostly $0 75(7 10.50: Imldner llcht
heavy wclk-ht. S10.a3 in 00: medium. $10.10
i10 75: llnht. 10 70 10.80. light llsM.
Sill 4011 10.75: packlni; inws. smnnth. $11 M
If 11.70: packlnir lows rough. $8.10(7923:
kiiiinK pigs. $n Mictinr.e.
SIIKEP Ilecr lids. .1000 henl. I'inctlcelly
-ill direct. Compared with a week me.
Killing classes mostly 2.1!.10c high- r l.nmbi
nnd havy sheep gnlnlnv most, week's ten
western lambs. $13,2-1: imIImm. $13: wrak's
bulk prices best Limbs, 31'."!713, sesrllnn
ill 80V 11.1.1; wethers 8.1O7.10; ewes $39
(1.50: tup feeder lambs, $12: top Weitera
cnrllncs, bie-dlnc ewes. $11.10.
1)1
Ce
02
1 00
02
01
02
n2
112
02
Stand'd Oil of
Calif 7s
1.... 103
2.... 10.1
a.... 100
Bleel Tube Ce
02
if Am a 7s
1.... 100
4.... 100
O(sale) 100
Western
7a
100
100
10(1
Term" R A et
St Leuis 4s
8 R0U
Plttsliurgh, June 21. HOC.S Iteeelpti.
1.100 head Sleadv. Hralis. tll.IOtf 11 0.
he.y and light ".urkers nml pigs. ll ''0).
SltEKP AND I.AMHH Rtrelpts . 500
Trae ft
Third Ave nj
0.1
5 00
2 00
2 00
1 110
8 00
4 00
heed. Sieedy. Sheep, te SO: lambs. $1.1
034
L'AiiVK j.eceipm. iuu ntau, icauj.
Tep. $10.50.
Kaat Buffalo. N. X.. June 24. CATTI.K
Rrrelpte. 400 bend. Steady l'ile. re
cilpts 150 head Steady, $.1W 12 50.
HDIIH Receipts 2000 head strong te We
hliher. Heay. $11 IS" 1 1.25. mlxid. $1121
Utll 40- erkurs, light .erkers and Pw
$11 4nT11.50: roughs. $1), stiigs. 5W0.
' SHEEP ANI I'AMIlrf R relets
head Slew. Ijamb. 50c lower. JSOISjO
054
004
R 3a
01
02
Third Ave 4s
11 4a
1 04
87
R U
TMewe.Ur Oil
Ce ct 84s
8.... 101
8.... 101
103
101
105
101
10(1
Pwr ,1a
Tobacco Pred.
ucts C 7s
2.... 101 1;
2.... 101
Union Rae ft
P Ce 0
1 07
NK1VS lTltlM Till'. WEST
One of the most ,alunbe features of tM
ntulness and Financial Seitlen of Ihi
Morning 1 rjnc Ii.i i. h the, d te n.
014
S I. 4a
d'pft'. " "!"" ...r:;". '..VheriiV
Knns.
01
01
I,.nnnn,lll fltl It llfltllin.l
finance and Industiy "itulte
It u Habit"
-Aav.
STOCKHOLDERS' COMMITTEE
FIURVKRICK n, ADA5IS, Chairman.
25 Ureadway, New Yerk
Depositary!
COT.CMMA TRUST COSH'ANY,
00 Jlreadway, New Yerk, N, Y,
1
LVirsTrj