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EVENING PUBIilC LEbGER-PHICADEEPHlX SATURDAY, JTJfcY.l, 1922
,. - !'" I
'1
IVsKiT
RAILS UNAFFECTED
BY STRIKE NEWS
' All Signs Point te Market Work
ing Inte a Dull and Narrow
Traders Affair
New Yerk. July 1. Trndlns wn ni ni
tegether featureless In today's closing
lock mnrJtPt. but n Mrenj; tone vvns
maintained tlii'onjrhetit the Miert ea..
len. Whether this was due te week
end ceverliiR of the short Intercut or
ercniilr.nl support en tin' part of the
powers, te -be Is nn-epen qtiPtUn. The
outstanding feature was the steadiness
of the ralla: the croup, as a whole.
Ti-ere aparcely niTected by the "trlke of
the. raitvvny shepmen. A few Industrial
specialties under peel eontiel made miIi
Mnntinl ninti"r. but thn inevfiiient of
fhe main bedv nf stocks wa abeluteI
colorless". There were tun Influence" te
Cailce a curtailment of speculative eper- (
ntlens down tn a tuluitnuni. ne wasj
the linll.ln.v ahead and tie ether the
possibilities of far-ieiielilii: develop'
mentu occurring In both the i.illrend I
and coal strike situation befere Wall ,
Street renll.v eels down te business!
again en Wedm-day ninnilng.
A new high record for Liberty fourth (
4VS was made today at 100..TJ. ittliei ,
vln ihe bend market wan dull, narrow i
and fentureb".. Mexican Government i
4,1 and os rose large fractions, but ether i
foreign Issues were ktle. I
St Paul 4h of ID-." res-e one point
an.) fractional gams were made by the
refunding 4Vm-. nl-e Illinois t'eutral
refunding 4.inroekl.n Itupld Transit "'
ninl I'nited States Steel ."is. Atchlen
adjustment 4s vtcre off one point and
frat tieii.nl 1esm' were -de b Knni
Clt.v Southern ,"is, lnterboreiigh Itnpld '
Transit ."n acd Third Avenue .uljust- I
Went 5s. I
The week' developments, conditions!
and event gave the mniket eemmunltv i
plenty of feed for thought, but In it '
there wn little that could be accepted '
as Induclve of widening speculative'
operations or taking en of new commit'
ments. Te the centraij, everything
nerved te promote caution and a gen
eral disposition te cut down existing
ventures as much as pet.ille. ft begins
,te leek as though the market is, time
fore, jeing in act its long-needed --pell
of rest, which seemlutlj would fore
shadow n quiet summer. If there ls
an thin; professional Wnll Street ab
hors, it is prolonged period of dull
ness. Naturally, they are intubating;
the almet irresistible tendenc te- i
trard contraction, and their floundering '
operations largely account for the re
cent uneven mnvvuieut. j
It. is almost positively certain the j
big operators have had their play and.
nre seeking mere comfortable haunts. I
The public, who are net hepefcssly tied '
tip. were sufficiently hurt bj tl.e recejit
violent gyrations te make them skittish
for some little tlnie te come. While .
net dangerously Impaired, tliere have I
been present, recently, enough positive
evidence te Indicate1 the rciuai liable i
.buying wave which carried stocks up
hc lut ulne months, almost without'
Interruption, has spent its force. This)
applies, apparently, te both stocks and
bends. The shorts, suffering n frrlble
lacing lu the Mexican Petroleum sen
sational round-up, were driven te cov
er, se, evidentl. the general market
Is deprived of that artificial juppett.
Under such circumstances there would
seem little hope ahead of au. thing but
dull trading and sagging prices. '
Superficially, the market world ap-
pcarcd te be stranjely indifferent te all
recent development, many of which .
could net be regarded ethervvl.se than of
unfavorable construction. Thi-i attl-
tude has been maintained throughout
the prolonged coal strike. About the(
tame humor exists as te the threatened
railroad walkout Vet. te come light
down te hard-pan facts, there has been
an equally striking unresponsiveness te
favorable developments. In ether
word, since the high level was su-iiCk
In April the market in icalit.v uirmsl
little slgnlllcmue, ether than illc ting
skillful manipulation of toot and ether '
speculative combinations.
NEW YORK STOCK MARKET
Only Afternoon Repert in Philadelphia Quoting Full Litf
Today's sales 2ia,(J00 shares
Yesterday's sales .... 512,000 shares
Total for this week . .3,503,400 shares
riv.
Salea In I
603 ..
100
203
200
103
200
100
303
200
200
4030
703
200
100
603
030
600
100
1330
303
103
100
1330
103
103
300
600
200
603
1230
330
300
100
2933
1633
1330
203
300
300
300
300
100
800
1403
803
600
1200
100
100
100
100
1103
100
1500
103
2200
200
20303
530
633
100
STOCK Mlth
A1x Ittibber H
.. Alaska Geld Mines. Yi
4 Allied Chem & Hye 68
.. Am Can 4$
. . Am Cotten Oil. ... 264
7 Am Ice 104 W
. . Am Internat Cerp.. 41?
1 Am La Franc Eng..
8 Am Locomotive. ... 1 12
.. Am Safety Razor.. 54
.. Am Shin Cem... 21 VS.
.. Am Smelt S9U
3 Am Steel Foundries 36
. . Am Sumatra 39
0 Am Tel A Tel UOli
12 Am Tobacco 140H
12 Am Tobacco D....139H
6 Am Tobacco pr newlOHi
.. Am Waterworks... 16H
.. Am Watrwks C pf 38 H
7 Am Watrvvks 7 pf 86
7 Am Woolen pf '07'i
. . Anaconda Copper. . . 51 li
4 Asse Drv Goods... 53
. . Atl Oulf & W I S S 38
6 Atch Tep & San FalOO
.. Atlantic Krult 2J4
.. Austin Nichols 27 Vi
7 Baldwin Locemotlvo114
.. Baltimore ft Ohie... 491i
G Beth Steel B 76',-j
. . Beeth Fisheries . . 7
.. Brit Km Steel 2d pf 304
.. Iiklyn Rapid Transit 28 H
. . Bldyn R T ctfs et db 24 S
. . Bklyn Union Gas rtJ 1 V
8 Burns Bies 1284
.. Butte. Cep A Zinc. 6
.. Butte & Sup Cep... 28
.. Callfe-nla Petrel... 61 '4
.. Cn! Zinc & Lead.. 8 '4
10 Canadian Pacific. .. 138 n
.. Cerre-de-Pasco .... 35 '4
C Chandler Meters. . . 70
4 Chesapeake & Ohie fc6'a
.. Chicago & Alten.. 10
., Chi A i: III (new).. 358
.. Chi A K 111 (new) pf 55
.. CWmse & Or West 8'4
.. Chi A Or West pf.. 20 i
.. Chi Mil A St P.... 26 Vi
. Chi Mil A St P pf. . 42 'i
C Chi Northwestern 74 s
,. Ch R I A Pac... 43 'j
6 Chi St P M A O ... 65 '.2
. Chlle Copper 21 '8
2 Clev C n Chi A S L 74
4 Ceca Cela 7'i
7 Consolidated Gas... US1,
.. Consel Textiles ... 1 Hi
4 Cern Products Ref.104
45 U
rmelhln Steel 74
.. Cuban Am Susar... 23 tf
. . Cuba Can Sugar.. 16U
. . Cuba C.ine Sugar pf 34
0 Delaware A Hudsen 122
1 Deme Mines ?0
st no Pent (E 1) Ce. .131
0 flu Pent 6 deb pf 01
6 Kastman Kodak new 70
3033 2 CeEden A Ce.
603
100
800
100
103
103
430
100
630
1103
103
730
203
100
103
100
100
303
2330
23700
100
430
103
200
730
700
203
103
100
1100
103
230
100
333
433
633
103
100
103
103
100
530
M100
3103
330
3100
330
103
1730
503
100
J P.lec Steragn Bat . '31..!
. . Kmersen-Bratit 'Pf 36ti
.. Eric .. '5H
.. Kile 1st pf 23
, . Fairbanks '''
8 Famous Players L 80 H
S Fisher Bedy of O pf 87
. . Flsk Rubber 15
.. Freeport Texas.... 23 H
. . General Asphalt.... Ce
.. General Meters.... 14J8
7 Gen Met deb 7... 96
.. Glidden Ce )i
.. Goedrich B F 39'e
.. Granby MUiintr.... 29 'i
7 Great Northern pf 774
4 Gt Ner Ore ctfs.... 38J
.. Gulf States Steel... 77i
. . Uabirshaw Electric.
. . Henrteu Mfe 21
,. Housten Oil 76
2 Hudsen M Car.... 21 (2
1 Hupp Motorcar 1H's
7 nilnels Central 105
.. indiahema Ref.... 4 ',4
. Inspiration Cen Cep 39 'i
.. Inter Cen Cerp 1 '4
Inter Cen Cerp of.. 3Vj
. Inter Agrlc pf 39JJ
2 Internat Cem Eng.. 23
5 lnt Harvester new.. 102
6 lnt Mer Marina pf.. 72
International Nickel 16'4
.. Invincible Oil v.eip. -
.. Iren Product.....
.. Islrnd Oil
.. Kansas A Gulf...
.. Kayser Ce new..
,. Kelly-Spg Tire...
. . Kennecett Copper
. . K"stone T A H-.
6 Kresg. S S
344
4i
401-4
47 ?i
33i
1 5 ','2
1334
15V4
Vz
67 Vi
461-2
264
104VJ
41
12
111 'i,
5i
20H
58 H
35 Vi
39
120H
140 li
138'i
101J,
16
38
86
107'j
504
53
38
i9?a
2i
27'4
113S
49 'i
76
7
30i
78
234
14
128' i
OH
20
61 U
8"
130H
35 U
60 U
66 12
04
35
55
8'i
204
263
41-4
74 H
43 '4
65 Vz
204
74
70
114'4
11
104
45
73
23 1 4
16
34
122
28
1294
81
70',
42
36 Vi
15U
i2i
17'4
80 j
87
15
:3,
65 'A
14
96
13H
391.
29
77'4
38
76 H
14
21
76
'Oft
19
105
4 '4
39 ,
IVj
3t2
395,
?3
102
72
1614
14
321,4
4h
40
47 n
33 ',4
15U
1334
Te.lny's Kt
Cleus CM
15U
Jj ..
tB - tt
' 46 Vt r- 14
291 V
104S
414- H
124
111 (i- 1 W
54 U
204 Vt
5914 1
354- 'i
3914- U
12014 '
140,- K
139IJ Hi
101 J4 H,
161S 1
30 - Vt
86 . 1
1071S- 1 4 '
51 14 U I
53 1- 1 4
38 H I
100 .. 1
2- 4
27 4 4
113H- Hi
49 ', - '4
76 14 h 4
7 - U
304 4'
28 - S ,
23 ?'e- 4 1
1 4 - 4
128 4- 4 1
GH !'
28 I- U
61 14 4
814 H
138 i-r 4
35 Vi ',4
70
fc04 i
10 1 4
35 - M
55
8 '4- 4
204 ..
2GH - i
41 4 - 4
74
431, - 4
65 4 14
21 4
742
71 s 1 4
11514 r 4
11J4 4
104 - 4
45 - 14
74 4
23 4 ..
1CU 4
34
122
28
1304 f 14
1)1
7014- Vt
43 4 4
36 4 - 1 4
15 4
22H- 4
1714 - 1
HO 'a - 4
07 '4
15 - H
23 H 4
65 4- 4
144 -1- 4
95 ,
14 4 1
39 1. - 4
294 4
77 4 r Vt 1
38 4- 4
77 4- 4
14 ..
21 - 1
76 1
214 1
19
105 4
4 4
308- 4
1 4
3 4
39 4
23 4
102 214
72 - 1 4
16 4 4
15
34 f- 114
I)lv.
Cats In STOCK JtUh
200 . . i,aUft Erle A West pf 62
?-0 34 I,-hleh Valley 64
100 ,. Mack Truck 52
4500 ., Malllnsen Ce 314
200 Mnnhntlan El Supp 44 4
203 7 Mnnhat Elev Guar. 46
2600 .. Marland Oil 42 H
'00 .. Marlln Rockwell... 15
409 .. Max Moter Class A 66 4
2700 .. Max Moter Clacs B 23 4
1700 12 Mexican Petroleum. 1774
7001.20 Middle States Cerp. 13
200 .. Mid vale Steel 33 H
500 .. Mln A St Leuis new 114
1100 .. Me Kan A Tex (wl) 18
400 .. Me Kan A T (wl) pf 394
200 . . Me Kan A T 2d aw 27
300 ,, Missouri Pacific... 214
'00 3 Mentana Power.... 694
P'O .. Monlcemorv Ward. 2296
100 7 Nat Biscuit 1444
1103 .. National Acme... 17 4
100 .. Nat R n et M 2d pf 5H
1030 6 N T Central 94
. .'S3 C N Y C A St t,.... 74 4
SV 100 5 New Yerk Deck pf. 61 4
1530 .. NeW Yerk N HAH 294
303 s North American.... 64 n
303 3 North Amer pf.... 42 4
200 . . North American rts 8
juj 5 Northern Pacific . . ,
803 .. ekla Pred A Ref..
'00 ,. Otis Sheet
203 r Pacific Deve' Cerp.
103 D Pac Gas A Elce. . .
2103 3 Pacific Oil
2703 6 Pan Amer Petrel..
033 0 Pan Amer B
3333 z Pennsylvania R R. 4214
303 .. Penn Seaboard Steel 9 4
933 .. Pere Marquett 314
1433 2 Phillips Pet 49
200 .. Plercc-Arrew Moter 194
333 .. Plerco-Arrevv Met pf 37
330 .. Plerca Oil 8
100 .. rierce Oil pf 434
300 E Puis Ceal 64
744
314
'14
7 4
68
55 4
78 4
72 4
4
401
47 4
334 4
15 4
133 94
200 m, Pend Creek Ceal... 22
-m t j'estum Cereal 70
3533 ., Producers ft Ref... 43
100 .. PunU Alegre Susar 46 4
2230 2 Pure Oil 31
'00 .. Ray Cen Copper.... 164
533 4 Reading 74 ?4
33 .. Repub Iren A Steel. 70 ',
203 ,, Rep iron A Steel pf 93
233 ,. Reynolds Springs.. 45
3335.20 Royal rmtch N y. . 59
330 1 St Jeseph Lead.... 14
200 .. st L Southwest pf. 454
430 . . Saxen Moter 3
2200 .. Sinclair Consel 32 4
833 6 Southern Pacific.. 894
733 .. Southern Rail 23.4
100 .. Southern Rail pf . . C5
233 .. Splcer Mfft Ce 18 4
1430 4 Standard Oil of Cal1034
109 r. Standard Oil of N .M81
330 7 Stand Oil of N J pf116
11430 7 Studebaker 1284
3)0 .. Sub Beat Cerp 8 4
100 .. Superior Oil Cerp.. 7
103 .. Tenn Cep A Chem.. 10
1103 S Texas Ce 47 4
433 .. Te.as A Pacific 274
633 1 Texas A Pac C A O 27
433 .. Third Ave ?3
200 . Tidewater Oil 125
2JJ 0 Tobacco Products. tO
300 . . Tel St 1, A W ctf B 50
123J .. Transcontinental Oil 14
1733 .. Union Oil 21
633 10 Union Pacific 140
200 .. United Alley Steel. 37 U
103 8 United Fruit 1394
8)3 .. United Retail Stores 65 Ja
530 .. U S C I P A Fdy... 31
103 ..US Heffman Mach 22 ",4
1033 .. U S Rubber t34
1530 6 U S Steel S9J4
4 30 2 Utah Copper t.3
203 .. Vanadium Cerp.... 45
103 .. Va-Car Chemical... 30 Vt
830 .. Va Car Chcmlrts. . . . 14
100 6 Va Iren coal A Ceke 49
103 .. Wabash 12
233 .. Wabash pf A 30 Vt
100 1 Weber A Htllbrener 12
200 .. Western Maryland. 114
200 . . W Maryland 2d pf 20
100 .. Western Pacific... 104
100 6 Wentcrn Pacific pf. 58 4
103 7 Western Union Tel. 97 4
203 4 Westlnijhouse A Br. 89
330 4 Wfitm E ,1 M.... 584
230 .. Wheellnsr A L E 13JJ
103 .. Wheeling A L E pf. 25 4
333 2 Whlte liik'le Oil.. 27
100 4 Whlte Moter 48 14
200 .. White Oil Cerp 814
830 .. Wick Spcnc St Cerp 16
403 .. Willys Overland.... e
1 00 1 Wr ght Aero 8 ',',
62
63 4
52
314
44 4
46 4
414
15
60
23
175 4
13
33
10
174
38
27
214
69 4
22
144
17 4
5
94
74 4
61
29 4
64 4
42 4
8
74 4
3
"4
7
68
4 4
77
71 14
42
9
314
48
18
37
8
43
64
22 4
78
41 4
464
30 4
1614
74 n
704
i.3
5
84
144
45 4
3
31
89
23 4
15
184
1034
181
116
127
7 4
7
10
464
27 4
27
?2
125
80
50
134
20
13C
37 4
1394
5
30
:2J4
63
9
63
44 4
30 Vt
Vt
49
12
30 4
12
114
19 4
194
58 V2
97 4
89
58 4
134
254
27 4
43 4
a
164
84
84
Tndsy'a Nt
Clesn Chw.
62
63 4
at
314
444-
46 4
-
684 14
234 H
176 -13
33
39 f
27
214
694 H
22 ..
144 14
174- H
5f 4
94 -74
4-
61-294-64
4
42-
8
74
3
114-
7
68
55 4
77 -71
4 -4214-
9 -
31
484-
194
37 r
8
43
64 -22
78
41 4 -46
4-
30 4
164
744
- 704 -93
45
50 4 -14
45 4
3
32 t
89
23 4 -
r.5
184
103
181
116 -
127 -84
7 -10
47 ',
27
27
?3
125 -80
50 -14
K
21 I
139-
37 4
1394
65
31
22 4
63 -99
Va
63
44 4 -30
4
4
4
14
14
14
1
TRARINR LIGHT IN 1" compute n. y. bend transactions
i 3
THE LOCAL SHARES
All Reports Indicate Continued
Improvement In Business
Conditions
i
4
1
49
12 - 4
30 4 14
12
11
19 4 4
1914 4
58 Vi
97 Vt
09
18 4-
13 4- 4
25(4 ..
2714 4
48J.4 ..
8
16 4- 4
0 !4
84 ..
' ' ' SISlMfU taves, linal net income was'
FINANCIAL BRIEFS 51Vt7-,4:j"- ,"v!,'r,,,u ,'' " ""'-; Philadelphia Markets
rillim.'f" j - i,Mv.3 ,j, ii, n (,, be charged asuin-.t
-Th-.mts A laddie ',. anno.ince
.i.... T?lm M. I)..nlen La- lievn dmit-
...... . W!.' . ... ,t..i.., . it'll,
l'oMely tlie prevalent sentiment Is ted t partnerni,i " "'
jnere aptly decribed in the remarka of sireud & Ce.. Inc.. announce the
n very uble nptjratur a few du.va ure '" ' eiic-iims of a branch eflice iu Scran
New Yerk. In giving his opinion as te .,. i..nre9enied h' l'l' -- Hi8S,'i"tJ
iiinlit and Ins-, surplus nf MM.,0.h
Pri'tit and lnss surplus as of .lune II
last wa ,7.(Hr'.47-4. mipared with
Si.tilii,.TJ!l en Aptil ', 1!1!1.
- Atlns Powder
all the out
el the ceuip
ii ri" 'I . ' " ''""vIMs Hi.' nei 1.u.h. Mirl -t
I.' r.l Himer Si ..! a 7 X .. " i.ii
K.ineK. i Him jj etlif r jtraclen
Ji in., fullewlni: irhnlulu r ,ou.
Only en third of the iiaunl niimber
of Meck were traded In the abbre
viated nesslen of today's local mark;'t.
Indicating quite clearly there would
he little delnft In period Intervening
befere the Fourth of July. With Hip
exception of Pennc.vlvnnla IlnUrend
and Lehigh Nnvlijatlerj the dcallpRH
were of wnnll dlmcnulena and price
chances unimportant. Electric Storage
Ratterv was n netnble exception, ad
vancing ever n point, which, however,
merely reprenentcd alignment of the
price te the New Yerk parity. Seme
little xclllng occurred In Pcnnnylvnnln
llallread nnd Lehigh Navigation, both
making fractional recessions. Pennsyl
vania regained the less befere the clon
ing nnd the absorption In both 1mic
wiih excellent. What few ether local
Mecks appeared en the. tape ruled
steady at unchanged prices.
The local market f-cems te be en
tering a period of diminishing activity
and speculative indifference. Met of
the geed things anticipated months age
have been realized, ke the market is new
deprived of the Incentive supplying the
mnlnspring of speculative energy. 'J his
does net inwui te Imply that, having
discounted the restoration of mere nor ner
mnl conditions, the market value of Ihe
local shares would contract. On
the contrary, profiting by the hard les les
eons of after the armistice period, most
of these concerns are In a healthier
physical and stronger financial condition
than they occupied prier te the war
period.
Fer some occult reason there has been
n growing feeling for some, few weeks
Ihnt the npex of the business Improve
ment has been seen. This opinion Is
net warranted by facts and figures.
There may be sonic hesitancy, but this
marking of time from nil Indication is
merely the outcome of incidental In
fluences such as the cenl strike and the
threatened radioed labor troubles.
rinns nre being formulated which nre
likely tn bring about uu early settle
ment of the coal strike. In the better
informed circles the railroad contro
versy Is looked upon mere in the nature
of threat than 11 real danger.
In se far as business conditions nlene
nre concerned, convincing proof of the
steady progress of the Improvement is
distinctly reflected in two very reliable
barometers. One of these Is bank
clearings. YcMcrday the. Philadelphia
Clearing Heuse reported the lnrge.st
monthly turnover of checks since De
cember. lll-'O. Anether is the uninter
rupted increase reported in car loadings.
On tlie top of this is the reliable in
formation of banking circles showing n
gradual but constant and consistent
widening of impilry nnd also ilemnud
in most all lines of trade.
This is further confirmed by the re
cent monthly statement given out by
the Federal Kiervc Heard covering
conditions throughout the country. The
greater proof, however, is te be found
in the returns showing a progressive
decrease of unemployment.
t8AT.ES IN $10601
Arts lUp'fl 7i
It 97t
n.... 10s
3.... 100U
4 natt
1..,. 100
Chlatse Clev't
ii-K ttly tin
r natt
City Ilern 81
J..., ion
City of Dergen
flu reta
1.... lOOH
City Ilerd'x 0
1 84
Ctv ChrliTu 8a
2.... 100
Clly of Coon Ceon Coen
hacen 6',-i
1 0t4
Ctv We d ,1a.
nerta 8s wl
1.... 101
2.... lOt
Ctv ttle d J J
nrle ct 8
1.... 101'4
1.... 101U
1.... IM'.i
Clly et Bcls Bcls
tens Oi
1 82W
City Teklo flu
R "OH
fl 70
Ctecnn-Slevak
np'e 8a wl
3 e.v.;
Denmark Cen
Cl A 81
2.... 10(1 '4
D'Pt Seine 7a
no 't
neH
nn'i
1 14
ni
111
no;
1 01
D Canada '20
r. mi
in no
D Canada '20
2 ... 1004
(innnl") lOOH
De can '62 wl
11 OHi,
21 flSi,
1 HSU
10 n'i
4 .... IIM'k
6 nsi
Dutch If lnJ-
ret '47
Philadelphia Stocks
Nut
Itlsh I)v Clese chae
.10 Am Strs.llN) 1'JO IliO ..
lOK'atif Pet. ltlns 01 Bs '4
1(1 Klec St..r. !.". i l,J-"i 43Vi 1'i
lir.tCcu Mtis. MVi Wl 1.II..J. '.
IlOL'I.eh Xnv.. 7.'!i 7.. 7.T 4
WtM Sta Oil 1811 i:ii 1M4
SOI Pcnna U U 4L'i 42'tf 42. M
e Phlla Ce
cum pf.. 3Si(, RSV.
3."0 Phlla Klec "JH'i IMs
llll de pre!.. HO .'10
Kill Phlla 11T X X
HOOtThrrd Ave '-'L'Os --rs
10 I'liicutTrac 10 40
i nii
10 X' 1; 1
10(1 de pref..
''3
2ia
87
.1S...
IU...
WAV..-
ails,..
7 . ,
14...
1...
a...
12...
1
ii!'.'.
4...
1 ..
2..,
a...
a...
1...
Dutch 1.
rela '
It ..
4!!!
2.1 ..
2a...
a!!!
02
O.Vi
r.4
li.-.H
I'.l'i
e:.
0.1 ,
1IS
n:4
054
nn'4
m
lnil'a
n4'v
llll
Jlt'i
Ii M i
!U14
fHj
0I
en,
ei
tin,
04 S
Il4j
et
1...
Am'n Ar'a A
" " r. T 1
riim tub 1 1
...., --..., i 1 -...,, -.
in;ii6i;ei meu. en
102H
103
B
1,,.. lea
Amn StRIi
1.
1..
1..
1..
1..
11...
1...
12...
1...
(love't Krench
11 "Ha rets
1.... 1001.
1 ... ine'i
1.... l'JO'j
in.... ioeh
1.... 1001,
1.... 100s,
Oeva't r It Ni
1.... leavi
n.... 108U
Qr'd T-unk et
Can rts rets
1 1112
Gr'd Trunk of
Cnnada 7
1.... 113U
Jan Oeve't lat
1 . . . . 02
7(sle) 02
Jnn Oeve't 21
1 Ol'i
Jap (leicn't l
1 77'i
2 77',
K. lk'lBlum Da
r. . . 10114
7(.ite) let
VI
l
wlnn r,
'1UUI.
wder 'empan.v will nsjeeni v,u" ,"'.. "rJ., "h'',' " un,,'r "' v-lnt.r!
tandlng 7'i per -en. ben.U , tV unJ.?.Nj tx'S?? n " uUVv.','
any en August 1 lit ltl.'i and -' . '"I'l- ncierdtnjt u lu.ttlt
,ine mimctuaie trenu. ue Mild, ier tnc Th( n jj. White "empauynaa up- interest In Its public announcement , ?;lt',, 'V. '' ei" Luh Market
moment the oils leek in If they had . '"S a' Hl(H.u dividend e ISO per , lh(. r.,ioiiiptleii. the company points vii,,r-.
been badly overbeu3ht ; the rails give ' '"'l thereby increasing their stock (mt tmt um),,r ,1C term, f t. ,. 72V,c. .w. 4 (7''Vat.7(i,c. ?-ar lets for
all symptoms of being waterlegged: the , ' oeo.OOO t" J'J.000,000. denture securing the Issue of the holder iv'.f, L"'?0, " ellew' TOSTTc. .N'e. 3
Bteeh are runnins short of fuel; 'lie Tni!r average price of the twenty ac- f each $1000 bend is entitled te ex- i'.vrs .".'elms t i.-s buh vhn
meters apparently are having car- ...,. ,n,iutrlals advanced 0t percent change It for eight shares of common h,r7;"r- ,,Pt 'of a te location Ne 2
bureter trouble; equipments nre await- VcMerdav te l- ''!. while the twenty Mw uf the ,.empany, the basis for the ii1i:Lfi K ?' ' .i'Ie1'""1. 15h a Mc-
,lng for the railroads te get their snd- 'wl luivanced 0.71! per cent te M 4.i. conversion being par for the bends and , Q-iu-t" Lut tl-m ' wunVatlens10 vl'r txttSt;ii
Ing money, and the coppers, well, they u (H efflciAlly announced from I.en- ht, for the .tock. There are $.'1,70S.:100 lrk,'L'n.l"-lb- " acka sift wint.?:
teem te be suffering from a case of teal I ,in that na sold was exr-eiled te jiai. va,. ti,w iw,i, outstanding. -. W-i r.r. h.'J"?'. V'f? -'V aP-'ia ""
blue fuuk. I America iluAs the wecB cn.icu June .. . . , (1yi,-Wwu "tl'.$l9Z !S5 ""p-r.n,an1i
.-.0 Yeik llwy l!l!1i
'Si de pref. . 97
t.Wt (hance made liv cnmprlten with last
lain en New Yerk Stock If-Adi-unc.
Tel.vl tatH. 2.1 1.1 riaii;a. enmpirrd with
s7.1 s)-n hh jeatsrday Thuj f.ir lh!3 week,
2.sS thai 03.
PIIIl.Alir.irillA IIONDS
1000 Liberty 1st riljs '47..
neil Liberty -M 4is Ml!..
'-Oil Liberty 1M 4' is '1..
(l.iO Liberty Kd 4',s "'s
,r)O0 Liberty 4th 4'.s '33.
100 Victory 4dis l!.l.
GRAIN MARKET
ANOTHER DROP IN MARKS
Pfvtus
;i '!
a.'
H'J,
. h.'.
1 14V4
. 1 1M,
. 1.1S'
. 31
. 41V,
' -
i.ii; i.t
iui;
111 '1 14t
1 lft )1 111',
i.t n 1 1st,
3.i' ft
ll't D
31 ,
as
41S
It
A M
t'tl'I
tl'l
1 IVVi
1 Ml
l.la
3d
41
l-'Uehert (. Tayler, v. he r , vear age
berime manager oft". W . MeNear A.
f'n-s New- Yerk ethee. was el.ned a
vi'r president of that corporation, ef-
. LlVgeUsy imcrnatlenal. Ltd.. Inc
' f"r 'hree UH.uuis 1 m "- ' , exrlian,0 ,i,is morning was verv stren
nen'iv'irr's 'of combined ilass "A" ami with the exception of marks, where a
v:....inl meet inc .if shttiehelders
CnnU.iate.1 rzr r"rp.;ralnn i;; vote
of
Establish New Lew at ,002434
Most Other Rates Higher
New Yerk, .July 1 Opening foreign e-n
I eni-l
1 JO "Ml
new low was established, re.sf of rl .,:'. '..i'T".' ." ...i,P:' H."c'?.an-q . Quen
- " 1 '" ; " - nj irvamerv in lefts,
ether rules shewe, some advance ever'i' .'..".. "..,ii-i ."'. va.
nr. 4711 j 1 1 'ft Ii . . 1I1 is . Y ,i. a . . -
r ;n patent $Sfi s .10 tncy snrln? and ' Ity
!!.ur: l?;?kUmUy bl-,,"u- J?
rrtliVlSIO.VS- Ar.rknt sln,li e..i..
V.,!i ';",'' ln, .""-'s. kmoked 11ml ,tir lrll.
1 i,'.,ir'i', i.'.?"' I!1'',' "J"1 ?xuS'?- fineked and 1
'JIT U. '), aOQ.llc. llll f.lllnnp.1 !,.,. ii. I
le. de smoked 323".e. hums, belle',1
ui ihi'ijiu stioulders. s. p pr,i
smukeU tile: bailie in ,,ieLiu 1
1... 17.. I.. t.b.. W T ..n . .-'""... I
M
hlnn-
Iln.19,
300 Amer Ons & Klec 5s
1000 Atl Coast Line 4is A 04
1000 Phlla Electric 1st ."is
1000 l'hila Electric 1st 5s
IIOOO I'hila Electric 5',2h
700 Phlla Klectlic (Is
t-, 1000 Spunlsh-Amerlcan fls
Tutnl. $11,050 compared with l"7.000
yelurday. Thus for thla weak. 1106. 3.10.
.100.01
, 00.80
, O'.l.llO
, HD.ilS
100.24
. lOll.tIO
SO
sivy,
OH1,'
nit 'i
100
104'i
100 1.
ISc ,
. 9.tra
NEW YORK BANK STATEMENT
Very Heavy Reduction In Leans
and Deposits
Leans and discounts of tlie New Yerk
Clearing Heuse Institutions worn ve
duced $10."i.O:i0.O0O last week. Demand
deposits also showed a falling elf of
K UclK'm 7 iis
1.... JOtlT,
2.... ion
2 ... 100J
K nelKlum M
a ier.
Klnndem Inn
mark cl Oh
J (Si
1 Oslj
K of Nethar
Itmla j
10 ... im'A
1 imn
n . . tn'.'-i
11.. .. llll
in . . ii
Ktnirijem Ner
Viny ct 8s
1 lim;
tl .. 1111.
2 ... I10i
K Sweden i
n ... 10P4
1..,. i"t'.i
I.... 101
mris-Ljena M
On wl
fllH
niti
tif
nm
niH
et?
01 4
American Sua,
!Uf' 9
.... 10m
2.... lniu
4.... 10m
1.... 10114
Am T A T elt
1 ntn
2(dfi1e) Ol'i
l...v. 01H
Ksala) 9m
1 niu
A Tel & TclH
1 07 Ui
A Tel & Tl nt
2.... 114
Am Writ P Qs
n no
2 R6
4 8a
Amer'n Water
Works B
2 A2H
Armour 4'i
1 fiD'i
R 8D'i
A T & 8 Fa ttj
1 83
A T & a Ve 4s
1 tll'i
8 Ol'i
1 I1U1
2 OH,
1 ni'A
Atch T 4 S It
4s '6S
1.... 100
Ml & 8 3 Hi!
81
A ceaat t clt
1 82
A Coast I. 4 s
1 80',!
1 00
iVtl'e Fruit 7
2 31',i
1 an'
Atlantic tlec'g
ct Otis
IV.... 103S
A Powder "'
4 ... 105'i
1 ... iuji-j
n.llt & Ohie ev
1 82
Dnlt & O R'ih
n mi
Bait A Ohie 4a
1 81
B.ilt & Ohln Oi
1.... 109 V.
1.... lOOfc
1.... 100'
a ... met,
"(aaln) lOO'l,
Bait & Ohie M
W'n 3V4s
10 01
01
narnsd'U Cerp
a 8a
1.... 103
Uelh Steal Ut
2 .... 08i
n(aale) 09 Ti
2 .... Os'i
it(e.ile) IIS
tl Htcel It '
HO '4
UUn Kdl co fls
102
tl Kdls'n C 7
100
B Udle'n D 7a
1.. . 10. '1
Bkn Rap T 7b
20 83";
IS ttap T ct Ii
4 .... 83',,
10 .... M
1 83';
II .... S3'.i
Buffalo Rech r
& ritt 4 '.is
2 1111;
2 01 H
Bush Bld'c ,1a
00 ,
Cnnadlan Clenl
Klec C w I
2 .. lop
10. .. 101
Cnnadl'n Nlhn
OUi rcta
r. iieij
II 110'j
Canadian N
1.... 112
Canadian Puc
1 7flH
1 78
Cpn'd Ceat Ce
Ot MCI tn
2 8A
Columbia M 1
Klee lat
2 0
1 nn
2 ea
Columbia a
Klee lat sta.
2 OflVi
2 Oil
Cens'd Clas 7
114
113H
1KH
lit
114
11411
INK
114 ',
114ti
114',.
It4
8 cv
8rt
8d
R..
4...
a...
1...
n...
n...
n...
0...
4...
2...
n...
Cuba
1...
1...
Cuba Ratlre&a
Ce 7UB
1.... 103Vi
D & Hud ftHa
1.... 103
Dn R Oranda
fd Hank's etii
3 42
Den & R O fd
2 ni
1 4n
Det Edl Cn As
1.... 102"
2.... 102!4
1 102U
D de Nemours
Pivdr 7 "is
1.... 107U
D Thatch 7 'is
1.... ium
Duuq I.lcht fls
2.... 1021 i
1.... 102'.
1.... 102i
Emp Qa & !'
7MiS rots
2 ORW
2 0RV4
2 n84
vm
Itrle Qenl Men
3 rav
Erle R R cv D
1 Ml
1 BMl
r. nrAi
1 r.n'i
1 csu
Erle HR Ce Is
C3'i
(13 '4
Erie R 1st cn
IV. .. 104
Flsk Rub'r Ce
Ms rets
111.... 10.14,
1.... 105'i
2.... 10.-.H
Fram'n Indiiat
Dev 7Ws wl
1 07U
2..... 07',j
1 07',4
Gsn'cc Riv llj
7 02
Goedvenr T &
Rub'r '31
4...
3...
O. ..
1...
1...
1...
1...
1..
!!!
R..
4..
3..
70'i
7(H,
70r-i
701.
70',
70 'i
8ft
D wl
2 7S
1 78
0... . 78
Cena'n Pae 4
1
CO leather ni
r. . . . 1)7' j
:. ... 07
r,(ii) 7
rtl Pacllle 1st
HI.. .. 8S1,
1... . tut v;
Cern 1I4 1'aa'e
Ciip'r 8s
10 . 118
1 .. IIS
0 . . IK1!
Ciies & O I'ih
1 .. . 8H's
fc A O cvi-u,
1 .... 8S
1. .. 87
C & O cv 0
10 (13
1 03
r. . .. 03
Chi S Alt .Til
2 47 'i
1 48
14 .... IS
C St. A char .M
2 .... 034
1 ill B & urn
3 ill
101H
101 'i
10114
101 '.,
int'i
101U
101 ,i
mm
let,
lOlli
,aoertcar T Si
Rub'r '41
B.... ll.T1
1.... 11A
1 11.1
Great N'erth'n
Rly n',i
3.... lOOTi
2 101
1 101
7.... 101
1 100
2 . lOOTa
Great North' n
Railway 7s
1.... 10tli
4 Kli'i
2.. . 1011
IIelland-Am'n
I.lne 03
1 8S'4
3 S8V
llud S. Man In
10 11',
4 01',
T. ill '4
1 llt'i
Hud Man (d
St
81
Ilia Centr'l fd
7 87
Ills cnti r.'ia
1
ImU'n, Stret .13
1 ... 101
Intle R T tl
2 70
M Kan & Tex
Si wl
0 8211
1 82
?. ... 82U
We l'AQlfla 4a
1 01 i
1 03 ii
2 03 '4
1 03Vj
Me Pscllle (Is
2 R0'.4
1 Otl'i
2 OB'i
1 00 14
t 00U
Nassau Elec'e
Rivy 4s
7 M
Naw Eng Tela,
Ce Cs wl
a...., 07
i..... 07'.,
r...... 07,4
New Or Tax A
Mexico Ss
1 71U
N Y Cent' I r.
1 04H
1 04"i
1 OHi
88 01",
2 01
N Y Cenfl (la
3.... 103'4
N Y Cent'! 7a
1.... 10SU
4.... 1(in
1.... ion,
N Y Edl'n Ce
0 via rets
1.... 100
1 108'A
O(snle) 108U
New Y N II i
Hart' d fls
1 V '.4
New IKIII
H 4s C8
1 S0!i
N Yk Rly Gs
'-' . 1014
N Y Tel 4Vis
.' ... 03t4
N Y Tcle'e '41
2.... 101
2.... 101'4
7(snle) 101',
0.... 101'.
N Y Tele-'e 'it
1 BH,
N A Edls'n Ce
fl rcta
1 02
4 112
1 02
2 01,
NAW cv (13
25.... inn
a.... 100
North Western
Bell T 7a
a.... inn
2 10D
N PjcIMc R 4a
10 87'-
8... . 87-
N Pacific R 0s
1.... 100
4.... 10.1SJ
7.... leri!4
1.... 100
Nth 8 Pwr ea
1 01',,
Nth S Pwr Oi
1.... 1001
Oregon S I.lne,
nuar'd Ca
0.... 104i
Orecen R & S
Cemp'y 4
3 8Ui
lO(sale) 81 ',
Pae O L E Ai
1 00'.
Pac T & T ftf
S 02i
Pa R R 4a '4S,
2 .... en;
lO(aale) 01.
r. Rd cn 4 '4 a
i Ma1,'
Today's sales
Yesterday's sales ..
Total for UiLs week
Penna R R R
3.... l'i?i
Penna ltd fl Us
2,... 1081,
1.... 1084
Penna R R 7s
S(nat) lest
Peoria A E In
1 aft'a
N Y Chl A Ht
Iilli
2 AD
2 6tl
Perll'd Rwy 4
V Ca '42
1.....' 8T
1 SOU
Pub Berv Cerp
N Jay ea
ft 8IU
Reading Ce 4s
1 8314
2 83 '4
lO(aala) 83'.
Rack lid A A
Leut' a 414
1 80!i
at I. I'n Mt A
8 Rly 4s
1 8BS
Bt t. A B F e)
2 78U
a 78H
a .... 78't
8 78H
8 78s
St I. A S V In
1 08W
1 (IHIi
4 08V
2 0S
2 US
8t I. A 8 Fran
8erla A
2 71'4
St h A 8 Fran
Herlca B
B 8,-V'i
St L A 8 l'ran
6Us wl
1 03H
St I. Sew'n cn
2 73
Sn Rly Moblte
A O rtfa 4a
1 (Mat) 73';
Seab'd A Ij fls
4 AS'.i
0 no
Sinclair C Oil
Cerp 7s rets
2..
2.
2.
1.
1.
1.
A
081
OS '.4
us';
OS',
esv.
OS i,
es'i
or.
HAi
Sn Rall'y fl'ia
1 POH
0 00'i
2.... 10O
2 enH
1.... 100
1 OOi
Hfllt) 100
2 .... 0014
6.... 100
Tex A Pae tat
4 08
Third Ava al
3 AD',
2 AiHJ
1 neu
1 SOU
Tobacco Pred
ucts C 7"
a.... I03i
Tet Edisen 7a
1.... 10.1
2,... 10.1
A.... 105
Trl-Clty Rly A
Llcht As
1.... 10ft
L'nlen Uai A
Pap fls
4 00U
Union Elec Ss
of. '83
1 01U
W Pa Pwr As
1 03U
Union Pae ev
8 OA'i
Union Pac Is
2 04 1
4 03'i
10(al) 03 S
U 8 Rub'r A
1 8!)ii
1 80',
1...,. 80'i
1 RO'i
1 S'l'i
1 60U
U 8 Rub'r 7s
102 U
U H Rub 7'4
8.... 10S
7(aalc) 103
U 8 Steam 8
Ce Cep fls wl
1.1 0.1U
U'd 8 Steel As
102H
Utah V A I. .1
UHHM1
SITUATION Ml
ran and Steel Trade Hamp
by Ceal Strike Crep butil
leek Favornhle i'
Chlcape, July J. -Laber prebltmai
cempllcntlng the buBlncss and ndi
trial situation in the West, andln
Is a disposition In many quatteri'i
touew a conRervative nttltuda qj
mere is mere certainty in this reip,
en.-1-i nun irun iruuc reports atfl ltj
invorneip in me main, aitUeugh fa
restrictions due te tlie coal htrllr. ii.
being felt te a greater extent, nn,ij (D
naturally is a hampering Inflin
However, the demand for prerlqeti
this Industry can be called geed, mj
reads probably .will halt their bu,
pregrama for the time being 'inn
the labor tituntlen clears up. but tin
has been enough buying te gia
equipment companies wOnBlderableiVTAr,
The crop outlook In the main
favorable, but a fdiert eats, cfe 1
premised, tind the winter wheat, m
slbly, has been hurt te home (3
nil lit.iiti vail hAT 14V ! I.a .
Kliuwilll Ullll-ll VI IL Illll. ui'cn cut IQM
of deteriorating het weuther. The ipri.
wheat outlook at thin tlmn was .i
better than ut nre&ent. nnd hi. iVl
constructive factor lu the BltuaUtta
The corn crop premises well and )3
made up a Inte 8tart In many fcct)e3
However, the country buying is of 31
crate piopertlons. judRliiK from mini
uiuur iiuiicu icpuria.
I Acrlculltirnl lmplrment nnd mivi.
UtBiiV A 1. as mnkerH report n turn In the lenriaj
Va-cc'rcts u I e( deprc.ssfen nnd the orders aracwl
4 ns; M'R better. This Is.an Important, del
Sinclair C Oil
Cerp 7Hs
1 101
2.... 101
1.... 104
in.,., i()4
IB 104
Sinclair Crude
O P CO SVir
1 OS",
1 08'4
3A 081,
2 I)S,
S'n Bel Tel Ai
1 01',,
Se'n Pacltlc td
2 8St4
lO(sale) 88'4
1 8SI4
1 88'j
1 88'4
Se'n Pacific 4a
10.. .. 88
S'n Pac cv 4a
3 01,
3 HI'...
1 '11',
fl fll4
3 P Term' I la
1 82'i
Sn Railway 4s
r, rtf,t
1 COti
Sn Rallvv-av 3a
05
3...
A...
A...
tis
08i
0014
lltl'i
OS's
Va-C Ch 7 lb a
1.... man
Va Rwy Ce ."a
1 Ofl
Wea'n Elec As
1.... mei;
3 10014
Weal'n Md 4 s
1 n.n;
1 m
Weat'n Tae Ss
2 08'i
W Union 4V,s
r. niu
W Union fl"i4a
2.... 100'i
Wcstlnghs'u IJ
Mf'K 7n
1.... inT4
1.... ine'j,
win & 1. 1: is
r. 72'i
1 72'i
Wllien Ce lata
1 07,
1 OS
Wll&en C 7 Via
R.... 102;
2 1021;
a ... ie2'j
Wlsten Ct'l 4a
A fiO'i
. . S.1.7M.OO0
, .sin,702,oeo
.$50,382,000
High Ix)w Clese
Liberty 3Hs ... 100.10 100.00 100.08
Liberty 1st 4V(s. .100..'10 100.10 lOO.'il
Liberty 2d 4US..100.0S 100.02 100.01
Liberty d -Vis. .100.11 100.011 100.03
Liberty -ltli ls. 100.31 100.21 100.32
Vic Notes 4-7,it.. 100.50 100.41 100.40
BANK CLEARINGS EXPAND
..ninH... t :....fii ..-..i -r. "
vi-iuiiuuiii. Eur ericmi jnn.1 ruruninj
of this hind have been hard htt, .
bu.vine by farmers has been nlmiif ,
light us well could be. Meney cenM
tletis arc net much changed, andti
nre low, with umple fund? availiiil
ter netii inveMineut in Bcctintica in
iu business iiudei'lukinas.
The demand for lumber nnd censtreJ
iiiui niuit'iiiii, i,i.'ih-hiii. , in nctir iga
tills is nlse nn important factor urn
Is keeping lnber well employed. Stl
ports 011 general merchandise anrl i)M
dry goods trade t-hew censidcrabja 'tnjl
ing, with btislnehs running semntfl
nueau 01 n yvuv uee.
DIVIDEND8 DECLARED,
Kenlatex Oil Company, Initial menOilr 1
par cent, payable July A. and a mentWi i
nor cent, payable July 20 te Class A tiini
nt. rnrnrA .Itlnn RO.
Philadelphia and Clr.iys Ferry Piimnt
Railway Company, semi-annual $2, rinv,i
Julv IT 10 siecis iu refurti .njne ,iu,
v-ntiltv Pi'ti eleum Corporation. 1.1 rem.
prefeired (Sin par), pa j able July 10 towel
of record July 1. I
10..
7.
A.
.
10
1.
1.
fl.
3.
Perlo R'e 'I' Jhj 11 A Q 1 4a
1 . iva- 1 uu
Qil.'en'd Oh Cht A Q ,1s
3.... 101 2 ... ine
lOl'jj 2.... 100
NEW YO
July
AtlKUlt
Ktpt
Oct
Nliv. .
1 I -.;!.. -1. 1 l't',1 y-.. ...-,... 1- ;i.Kn.-
, MINT ,111' III l'IIIn ....-',.u. n.vvt.'il .11.(1,.,..' U,L..n, t rt. ..u..
I.'V .......v 1 .-. i,l... .. , --.-- ----. . vvb I irnill" ,. I A. I ..... llt 1 ....1-1 ..!.,. ... .
.'.' (!! en prope-eil is-.ue m '7;.' ' V V, n mi i.- u . imn 10 1.1111V ll u 4.1c fair te uoed. Wi'i : M.JU".U.W". vtiupicu vviiu tna ru-
s;! J? ' I "imres e stockholders at S2.i and .'iltlO , The hurep.'aii "ichnnses were tr- ?'ji 2SJj 32c. extra prim., duced llabllillcR, theie was an Increase
' ""'s ... i,..,, nt iliu same prlce m,,,!,, ,., !. nl.. !... l,,. in,i,.. t,.S"!K '..?-' Hk ".'r. :l!e.clil fancy brands ' i sn ss ndfi in urni r.i-eilii nt tl.n
1127 11.23 Kliares "' lu,r", " 7. ....... v..v v....--, u... .... ,....,...- ' isir 10 i,oeq. ucriic. ' ' , , , , it 1. i..
wa- ndjeiime'i ",', ,, Mu w 1', liai sh""" itrengt 1 througlieiit HnrM Tiir S " ..?. '" "u"j;a"en rv,v i),rm'ni, ,r,,u,,", '" u
1 Tenders t'ir llritl-h lieiiMirv nlll- , , , . , ..,,?..... .!? ?ts: 28Vac. nris l'Oc ?ec- gain of $20.41)2,0110 in oxecm- rebervn,
RK COFFEE MARKET Zu lily :''" ''l t!,!) !u et r' ""'' ",eininS mal,,t,lln',,l lt tf- n',", sJiSf."., W8-5 l""-".. thereby evemmiing 1st weekS deticli
" MARKET .leu d iiiJ ab(V(. , fulli a(l(, Tll0 vjpan.nna,.,.,,,, ali m.i0 ninterl.il Jui.hfue n. V"i .iw,tnl c.irteniy a,n"Vl! and leaving a Mirplus above Irani 10-
Vni PCI ' Iu . .... ..II I ... .-..... . ..- 3'. i"PI ICOSe .'l."if17i . fi.!r . 1 ,.. . !........ .... ..t 1 ll Ull? Hill
ern h h Ia r r,.e ;,., Ti-.-iimiiv bonus vvere iiii.ni-i m u...- ;;,uns, ranging Hern 1" points te -j.i. aiu " """' """ 1 w"1' iviuiii-iiiviu m ?4ii,aui,i,
0 33 W IV. ! l".:e f 4Vl!'1,,u'n?ulir Marks .-nth, red a little strength, but ' ."T ? " nr,W S"" I)etaUa f'
'.:, ,.7. -.71 n:, 1,,,-b bill, nnd bends totaled i.w.Wn.- . ,,,,,. . A ih?r.0ftr?al,WZ,SUl. aviiraeb
U n ... - '..' ...- v. ..-.. 1 1... sat -. a, ..,.l. ..-.. ' ..r.t ' ..:."- ".' V 7U. I
- ' '. 1 1 II ll'l 1 II II I I .A1 K U I1M l-m- Killing le 1 n.. - 1.
A.... 101 ij
Republic U.lll
v la 8a wl
A 101
10 ,.. mi
3d ... mi
fl ... 101
Rei Chile '26
10,... 102
Rep Chile '11
in.... ini
1.... 103'j
Ren Chlla -411
1.... 103'j
Rcep'c of I'ru-
Buay 8a
ion
inn
(17 v-j
(17 ',4
(17
(17
(17 ;
07
(10
(lll4
(17
2 (17 H
lnt M ct 414.
2. 12
'.'.'.'. 12
Inlho'e Hap T
Da wl
A ..07
lnt he' e Rap T
7a wl
1 01
Inter'l & Great
N OJ wl
ie .... r.iii
i Al9
2 .... Mli
A Ml,
1 M Marlnn fla
1 Ofl',
Lecal Exchanges 10.2 Per Cent
Greater Than This Week Last Year
An increase of 11.0 per cent In bank
clearings is bhewn In the figures com
piled by the Commercial and Financial
Chronicle for the week closed today.
Aggregate of all the cities of the cenn-
loei, 'try was $7,:i00.!i2O,("l, ngaiiiFt $(!,
ni.. (), .-. (luring tiie corresponding
week Inst year.
Kxchanges by the hanks of the local
Clearing lloii'-e AbRocintien wcie S.'itJS.
000,000. remjiarcil with $32!).:i71,C(JU
the corresponding week In 1021, or an
iiicrease of 10.2 pep cent.
Compnriseiii fellow :
CONFIDENCE
i. ....a
leu can rciy upon ui.ifi
suggest dependable sccurttiekCf
It is te our advantage te ti
that your money is safely and
profitably invested.
COMMERCIAL
TRUST COMPANY,
Member Tedefal Rturve Siwm
City Hall Square
1022
.. Increais
1021 l'.C.
K. n- - r. n . a.. .- .
j-... . m. ).".!. .i"ii. .urn 9j,-jai,iiui),oen IL',3
! ' fa?", : sj2e.iiBa.4aH 807.n-j3.ne4 a 7
rhllailelphla flilll.OOO.eni) 82U.!i71.r.(ltl 10 2
Jloaten ... 242,000,000 214 4111.740 12.5
K'n. city, lnn.-jiin.ndu iie,R77 ean 4 3
IS-...!"? in.Miii.nen no, son. oeo a ii
tPlttaliureh Klil.enn nnn ina twin nm. n n
iJii,nuii,;eiii
(12 712.(lA:i
40,408.700
lielrelt
Haltlmore
N. Orleans.
1
3 .. 100'; Inter'l & Great
CH iQ (list
1.
117
1.
fl.
10
.in
(lrt,747.hS'.l 81.1
ri.2(in.201 l,5
as.noe.uss 20.2
;i 1.(1 1 11 1 n iir,
n Wr-, ," ,n -The recciverMilp of 'he
'.?.,.L.,M;:SV Kansas 'nnd 'i'K ",n'.U",
Mi-.eurl.
Compan)
when .ludgii
were ilnmst eninely neglected.
Sterling cn'ili-s wen1 I. -12'
.iiik iiuriiH i:ubi. uiiiaif. n. .1... -
-i,v v. ,i.i.i tl;-,- -.."".. '.-.''".
" I'lvri V-fVlTinV V " ',- f. ". -I W22c
...... . ...t ivini -1,
.!-..... .1 .- . '..t4,aa ivinn. iifji I .felmirn
ittMiiniiil la MXDre.ij rtif v fat viin.. t,iv.. ' V.
1 ! trnni. i'ih!.--. is. IO. rhM'k-i H.liWi 27 : fair la k-oed 2Aft'2n: f.Vil! It J?.?
March .. 0 .?n 9. vi e -u . jrtffM v n1 w.nWn f the Umted Stulcsi rireuit .j . j j 7 u t-hww 7 07: Kl ,tccerJinF " dunliij aavvrVprinc
6k; .... iMu- sj?., ,r,v a'. 'ejrrr r; - " :ny- -- " s JHiir..'f
.Bid. tNemln-l tirade. tlierlrlllg l" -nle of tile lead for Het f ,.,,,,,, i:, ;, ,,,,,,, ,,-,,(,. n,m. j ,p,t, chickens, net I..Bherna. small" all,,:
' " leas than .2-i.OliO.0n0. ....,... U cabVs 2r..S.V cherka 2.VM); gulld.' '"
STATE OF TRADE -The enrnlims statement, of l.lfl - , ,u lftl,M , -,, llhwlkfJ 1(U,.-,. Svu,. s"iaL. ,!'? chi5kJ J&n.lbl&r
Th. half Saar lint n4l hreusht a .11,. n.tld for Ma ;bow f.Sr"U' , ' ' ''''?' , lh raldex IKl.S?. checks 2.'i.WI; guilder "A 'i?f? T, ?.X??A"h??lct "
wx;rfZ$z &MVT '$M&t$; M-v
ffSWrfflVW A bf .he . e carrlrr. In M.v ' $ J JW n rate, Sbep wr-j, u,
"i.Ji fair .leir.s i ttM.L' ,ln'U ' 1!'-1.' a?0n'i 7lV. V lt iviiv Fe - nicie'y nemllinl lit l', percent. IMs- '5r aplec. Ale wriBhlng "4 " fbs aec,-
' r neuwa"1 JiViWf SwSS m'- an,t k '" by the Asser-latln "' ., : ennt rate en Cinadiun funda In New S.'ifJf SJt iite"-fr.sSatuiflS-i w?'"hi?'! ' lb'
vi VSSKlJSSrtt'': -.1.- S XSKS f He., l..t..r Cor Cem- , .0 t I.eHl.t in I anada. at 1 11-10 424:J& cW.'i'f. Lib.T
inncx numpcrs ni a vw meniha ar... i.,.n
cted clearly thji the upward turn hi.i
.... n.,i, n mn.liuiu I,.,.. . .: .if.'.
cniii". vi ." .""",, i,c rflllllv III"
1'liere was pronounced weakness in ' roestera, arv'.pickBU. vetcrn. iue, u'e Se
uwiaa, aprinc OUCKa, .lear-by,
pnnv declurwl n 100 per cent s-tecU P'J
..Si..i.,i..ii1. Anticipation caused lively I
vaiepm vnarncirr-.ii tnat wtra familur tr-idln In Hee en tie Ditreit tock iem "I 11 e . eui.ei r.iiruii-un esciiuiiBi-n jiajijc.
'" r ,l!"t "lu,. '1l.n ei'ta nf i.re- 1 U'1",." ..". . L....U1 ,in.-u Tin. -innir . today. llnnkeiM nttrllmteil the weak- -1,-uC-
J8lf?S?nl(.rt iW7niW,prn.c,VhKfl.,,85:;: de I " e. tVrdW W VZ Thu dlv.: ,nes.H .0 kpecula.len and luck of nuppert
Jen rvaral arid ryperia of nrfiniuma of. I,,' ',V.. 'ni he nald AuauM 10 te stock ' f"f 'he tiine Icing. Kunianinn vvai
merS trTnSInUv1 WherV,D"ulif1lne fnr i rieMril luli l. .00 ; Hulgarian. .73; Serbian, 1.20;
juena are Influential. ther.Pw. I.n " Pte),aH''nf 1000 'automobile and 2.10 C.eche - Slevaklan, , l.l4i -lUKO-
W.,r.W,riiW.n.0,ffl,?ft: 'XSlAVd I "rS "" (,,'nerB, I .? U&h 'Uft . A 00V1 Hun '
turn. Th main prlc Irani hoi!., UP. ' Pnt. rnmennv 8 announced by he ' ! "ellsn. .. , AUUtllail, .OU.1.J , Hun
s'. fliriinCllV lunuru niKiirr IFVKIB, nnd .,.
te f'lta. hlrlas. an4 Iren and aieal hava U..V,
'it, ,remlnent in tna movement '
'ytt- di.u.ii.ci n p..j.
Vnrthern I'aclflc Hallway. The con- gurinn, .010
tracts Involve approximately $1,512,000.
Then- nurcliai-es nre part of )f.'l,2."0,000
TESTCIID.VY'3 CIDSlNfl QUOTATIONS
Stsrlln Francs I.Ira (lullderi
hl... .J 4IIW... feU. InHn.l. .. .... . iiv, . ........ r.... '. : .
fT f5t.Vni,''S S"
j2 f ermer Industry, th Immenss preratn of iiulrv ' TODAY'S OPENINa QUOTATIONS
i 3L jroeo.ooo".." W;Utri!Z'2 ,3i I -Til" ftrm nf T.nge nrethem & Ce. I... BJ.rlin. m.c. I.lr. Oulldar.
jj .tirmiiam. rtinfercW t cihnd?m'lJ been dissolved h mutual consent. Fred- CTJa ..'.'... 4.42S 8 tl 5 TlVi 853
! & ?rem th ordinary tulldlnir iiwdes. am 1 ,.i 1 aire Jehn 1 Trew. Hrrt V
T. etharbulldlna malaria a ara active, allheush l i?i lu'ull S Cenrtnv nrt,,.,li' CIJSINO QUOTATIONS
ftj -. primary rnarktta for lumber nei U of JS Smith. HaMl r. I eurtney. fnmierl.v jYanca I.Ira Oultd.ra
A, k adia en buylna and soma aeftantne of riV," ' members of Ui;e llrntherK & Ce , and T,.mrt M MB 4 in a An
H A
Vktf "Jn primary ttxtlla marketa. quiet d. 1 rv Ce., members of the New Yerk Stock
IV?' , iMBn41 VSut atreiiKth of nrlcfa ar. th n,..u.ni7. .7 -,w, .!t.. v- v..i. 1 -,li
r.V SySaatures. The airtklna mill hand:" 1 iixelniliBei '' - iu'" u ""--aee
III. ' Wi Enaland ara rtneried a uw t .....-"
t'aiH,' iSfeV.,?J'it2 .fiAv' n rtaumad it
""'ff . 'wl iu vna east re
ps .w eMin, nu mera mill ca-
i.ww iin at tna iesainc cm-
unq.rwtar cminua ac.
JZiXTif C ur "uwte 4S4
ftUl'?
r)?lS
m
n(Hrea
The Federal Sugar Rcflnlne Com
pany haa issued a statement for tbe p
Hed April 2, 1021. te June 3, 1022,
ahewlnr profit of $300.04-1 after t'133..
723 lattiMt en, borrowed money. AJtV
COTTON MARKET
Test cleae Opn Illsh Lew
Clese
July .. . 21, A(l 31,48 21 A3 -JI.IS 431..YJ
(icieaar . 1 '2 31.40 V A3 1.81 'JI.48KSi
Dec. . ,. 21.30 21 Is 21.J1-J M.18 31.3H&30
Jan ,. 31 0A Je 01 i Ort 20.M ii.tli
March .', 5".e 5e.e se.n-' e 20.91 03
May, .... 20TS JO.fll 30,(14 20,0 20.78
aaeW33.0S,' Nonsleal.-
COTTON RATES SET ASIDE
Entire Fabric of Schedules for Mis
elsslppl Valley Is Discontinued
Washington, July 1. (Hy A. 1'.)
The entire fabric of new rate schedules
en eetttm moving from the Mia&lseippl
Valley te consumption through teabeard
ports and Northern cities', which rail
roads prepared nnd attempted te put
Inte effect last fall, was tot aside today
by the Intestate Commerce Cemuiis.
elen.
Tlie general system of new rates en
cotton was required under cnmmi&sinn
elder carrying out the spirit of the
long nnd short-haul clause of the Inter
state Commerce Act.
BAB SILVER
Demasttn V.nr allver vtai unchanffad In
New Yerk tedy t 0e wr One eunia,
fnralKn, TISc. again of 'ic. Ie, Londen, the
tirlr u un Urt ! Ml.il. r ,T
"- f w..
'I'hlk week
i:cbis rpnerve . J'J3,a:il.l70
AKirjta ra. . A70.rian.fiOO
I.n.tna. etc 1.700, 70.'i.vi0
Cash In vaults
4. m'bt-r lutnkJ 60.717.000
Rfs. In member
banka ani rc-
terve l'nk .
(leiervi In fimia
lianka Ii. trust
cennianles . . 7.427,000
Raarn In Htate
bmk & trust
re dcnoillerlDs 10.113.000
Ntt deni iln 4.ir0. 417.11011
Tlme dancislia . 371,23K,0Q0
Circulation 84 Rbl.OOll
v :i uapeaus
deducf-d 80,500,000
Last vfU
$7, 714 400
AS'.'.T ll.line
1.S2S, sin. 1100
01,324.000
050,300,000 SOS. 130. 000
7, 421. OOO
10,100,000
4,130.8011,01)0
828,187,000
3l,Cb6,IIOU
AI. 212.000
ACTUAI,
This wfek
10,807.400
ARI), 3411,000
La at we'k
t3.fl2S.20A
AOA,A70.00fi
4,737.803 000 1.842,023,000
B5.207.O00 00,353,000
651.700,009
7.197,000
A47,OO2,O0e
7.482,000
10,353,000 10,170.000
Kjcci riarva ,
ABifPSat" rea ,
IMna, elc. .
Cauli In vnulti
uml mom lka.
Iteaervp lu mem
ber bdnka anJ
reaerve hanks
Iteaerva In Slata
hanks and Hunt
companies .
Ttfirve In Ktatn
l.anka ami ttuat
company tlopotl tlepotl tlopetl
lories Vt diitn&nd da-
posits 4.ia3,A24 000 4.205, A1A, 000
Tims daeilts .. 113,102,000 332 281, non
Tlrculatlen .. 34,4111,000 3I.IJ28 (100
IJ, H. depeilt
il'ductnd , 35,122,000 40,302,000
11)flclt,
Reserve Banks' Discount Rates
Official rediscount ratas at the twelve Fed
eral Htsr lUnk me as fellews:
Trcas. I.'b. ('em'l HUrs,
ctis, iieniu t'apar Recent.
10AH
10.11,
ln.Ti
le.n;
le,-,i
10,",a Kan O Si S r,s
10.1-, 1 R7!
10.1 2 SS
Kl.Vn 1 S7'i
1H.1H 2 SH
lO.-.Vi A hft
inv, K ciiv fr-i a
.... n't--, L'hi jl e v .(, Jlernp 4
2 .. 10"4, 1 001, 1 78
Se I'ertJ 11 s ChUaKJ Mli 4 Kelly Hprins'd
7a rcta St P 4a '2,1 I Tlie 8s
1 07s A 80 B .. 107
Slate of Siue 2 .... 80 Lack Hlct-I '.'.0
I'SUlO Ct b iChlcnir.i MM 1 RSI.
1 ... 111. I BtP cv4'i.s ILB1W 1,1.,!' JJ-e
L- ... l'Ji'i fl fiSV. 1 . . . ni.
Total all cit
ies for WW, $7.800. 020 031 JO. 518,220.382 11.0
Decrease. tEsllmatcd.
LIVESTOCK QUOTATIONS
rittslmrali. July 1 IIOOS necelpta, 2000
hrad, Illahcr... Iltavics, Jlj lOWll.lS.
huny yerUeia. llBUt de and plsj. 511.40
Is'llEIIP AND I.AMDS Receipts, BOO
hfnil. Steady. Sheep. $7: lambs. 12.50;
CAi.VES Receipts, 3.10 head. Lewer.
Tep. US.
N'erth'n 7s
3.... 100'i i
1.... lOOVt
Int'l Pan t .la
ti'.i. I30" hc.ul. fctcdy. Caltns. rccelpla, 630
r-. .j J " ncan. finy rtuit
rnat HufTale. July 1. CATTLE Receipts,
ill hfi ill ItIA iilti "(ilin Anni.. An
Balte. & Ohie.
Descriptive circular outlining the peaalU) I
itiea et tnis reaa
Sent upon request i
McGLINN & CO.
Slemhera New Yerk Stock Uxchengi
300 Widcner Bldp;, Philadelphil I
New Yerk Uealt
WANTED
MARGINAL CLERK
Ity a stock exchanea house, members at
New VerK unl I'iillaileliihU centum
Only man vvli'.i experience. State !',
experience, aalnry expected, ate.
A All'. LKDUKIt OrilCK
J
lower J .1 iiT 1 0
liriOS RnmlnlH 4000 hfmi. Ilnll "ftffTl
.T.c lnver. heavy,- j OOOll 10; mixed, ill te I
1(11.2.1; serliers. llslit erl.era and pigs,
sn .;. reuifiit, at i.t'uii; stat.ra. orae.
SHEEP ANI LAMHS RurTpts. 2110 head.
Sluw. Vearllniia. Ada lower, iMtO 50.
U.S. Certificates and Treasury Notes
We want an issue of capital
stock of a meritorious corpora
tien. We are in a position te
dispose of same very quickly
Fer appointment write
A 427, LEDGER OFFICE
Int.
Rata
Swlu'd Cen 8s
1.
ngs, L & Mjers 5a f..iaJ .lun0i lri
Maturity
iiai
AMI.. 1023.
t't'-j Scpl.. ltl'JJ
t'.IU Sept . 1DJ2
3i, Ocl.. 11CJ2.
a Dec . lU-'J.
1 lU Ili-r . 1022 .. 100 7-10 Kin IT .1L. 4 at
t.4i March, 1023.. 100 13-32 100 17-32 .1.45
Rid
ine'4
me s-in
100 11-32
ion
ine
Aeked Yield
100 3-10 3 mi
1O0I4 3.1,1
100 13.R2 3.15
ion 3 32 3 1,1
IO11 1-lrt 3 31
Jin'!Chlcanj Mil 1... . 07
B. ... mil Stf fd 4!ia 1 07'
1 ... llU'i 20 (12 U Leng lid It fd
u i. vnt ijiii 11 ,,,, trj'ii ... T8.
I'll 19
2,1.... 1081,
.. 107 'i
V K Ort llrll
& I'd 1020
2.... 10RH
1.... leil
B.... 1074
U K Clrt llrll
IM 1037
A..,. 1011,
4..., 1041
2,.,. 101
20.... 101
1..., 101
A.... 103'
V S lira 7s wl
Rettnn
Naw Tork 4 4
Phlladelpha .... jjy 4 4
I'leveland i 4 5
Hlclimend 4Ji i'i
Atlanta in
Chicago 1
St, Leuis 4H
Mlnneapell A
Kansas CUT .,.,3
Pallas
fiaa Frsnclsce ... 4Vk
i I
4 4l
4W 41?
: a ; a la
414 4'., 41,
ii4 A
ASA
ik M 4H '
0li,4
inlta
nnij
DIU4
01H4
wi'i
HU V'j
u-
12..
A..
10..
A..
O
a'.'.
1..
a..
1..
V i Brazil 8s
0 ... 103W
1.... 10314
1. tut
1.... 10311
U H Mexico 4s
in in
A 40
30(aale) 40
17 S Mexico 54
"Mi
7 ni
1 neu
2 .... (104
a uei,
U'd 8 Mexico
Larce 8a
A 55 V,
20 A5lJ
30 SO
t
a w
- VS
A (12
3 .... 021;
Chic air j Mil &
Si 1 cv 6a
2 74
Chl Rwy's 5s
A .... 70'i
c n it i' id
1 st
.Chicago Union
Em 41,4 s
1 .... 00i
1 tie'i
1 .... no'.
Chl (fc W 1 m
a 73
Chile Cep' 1 Us
1 01
1..... 01
Chlla Cep'r 7s
111..., IDA
J.... 10.1
A.... 10,1
... 105
C N Y 4I4'57
2.... 1001,
O N Y 4',4'Ul
8.... 103'i
1.... 103
C N Y 41,'Otf
A.... 103j
1.... 103
era cm chi t
St L, cm 4a
tu 01 tl
C C C & &t L
Scr A 0s
a.... ioeh
20.... 10 I!
Cava 8 I, 414s
0 . 00 Ii
Clavel'd Union
tar 1 iHi
1.,.. 10ti
1,... 102K
... 103'
a.... leav.
Lerlllard C 7.
1 0.1
La & N V 5s
1 71
Leuis St Nash
Mone 4s
1 01U
Leuis ft Nash.
vine 0V,
1.... 105U
25 lu.ul
llanatl Susar
Ce 7V4a
a A7i
Market St Illy
b fran 1st
1 874
2 H7,
7 8H
2 8714
Max I'etr'm 8
1 107',
U Oil wa'd Ss
1.... 1241,
Mich Ct'l d 4s
11...., 01
1 fiU4
Mid B 4 Or 5s
1 8S4
Mln & St 1, 4s
1. ...1 40i,
M Stp& s Sin
.Mape na a
2.... 1021,
a.... 102.;
.... 10214
4.... 1021,
2,... HiJ'i
Mentr'l Tram.
waya Aa
t 80;
M Kan at Tex
a J wl
A 56H
10 5U
A All,
Me K T 4,
C. S. pvTrTON & CO.
8I A fllKATNIIT fiTfl.
BANKERS
AuceesanrM te
SAn.EIt A BTI'.VKNSON
Bends nnd atecks lieuvnt nnd Mli
Mrmhers Thlla. CtwU KTehawCT. -
loe ine x.-vi n
".i"4 juns, ju.i... in: iiliu in hd 1,111
t5'4 Sept, 1024 .. 102 13-1B 10-J 15-10 4,10
t4lli March. 1H2.1.. 101 7-ld 101 n-lri 4,13
t4i Dee. 1025 .. lOOD-lfl Hirill.Ki4.tr.
tl"4 March. 1020. 101 1S-1H 102 l-ltl 4 1 1 (
Kxempt from Federal normal Income tax '
tArceptable for payment of Ir.cema tar. en I
date of maturity.
Lawrence E. Brown & Cv).
CERTIFIED PUBLIC ACCOUNTANT)
16S0 K1SAI, EaTATK THU8T .B.P.
InveatUaie and arllUHt corporation MJ
partneramn uiceuuts and ptepare Iwl
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W E take pleasure in announcing that
Mr. Jehn M. Denisen
is this day admitted te partnership
in our firm
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Thes. A. Biddle 8c Ce.
424 Chestnut Street
MEMBEF.S PHILADELPHIA AND NEW VORK STOCK IXCIIAVOH
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