Newspaper Page Text
1(>
Edward B. Smith Osborn W. Bright
Francis E. Bond ' Charles F. Bloomer
George W. Norria
Edward B. Smith
& Company
bankers
27 PINE STREET
NEW YORK
511 CHESTNUT STREET
PHILADELPHIA
Members New Tort and »
rtiladelpfcU Stock r.\ch*rjrm. ■
FHhwrod&(tn. ""Sr~"
1 Make a specialty of providing
j Fxinds for Travelers
in any part of the world
; through carefully selected agents.
Decriptive booklet on request ;
EDWARD G. JOHNS.
43 EXCHANGE PLACE,
NEW YORK.
LA KOSE CONSOLIDATED
COBALT CENTRAL
Telephone 6470 HanoTer.
Illinois Central Rights
BOUGHT AND SOLD
SCHMIDT & GALLATIN
Members of th« X. Y. Stock Eschange
111 BROADWAY NEW YORK
Financial Meetings.
New York. June 30. 1906
Notice is hereby given to the stockholder-* of The,
Cade Fir'- Company of New York that, by order of
the Boa-d of Directors, a special meeting has been duly
called for ten o'clock A M on Friday, the tenth day of
July !!*>•. at the office* of the Company. No. 82 Beaver
Street Borouph of Manhattan. City of New York, for the
purpose, of - ertac a Resolution authorizing and In
structing the President and Secretary, on Khalf of the
ttockh. Wen to liquidate, the Assets of the Company, ana
thereupon, after [■ Him for the liabilities of the Com
pany not reinsured, to distribute from time to time the
proceeds of said Assets remaining among the stockhold
er* pro rat* THBO. H. PRICE. Baft
W. S. THORN. Secy..
NOTICE.
The Ftockholdfrs of the Home Life Insurance Company
»re hereby notified that a si-ecial meeting of stockholders
••111 be held at the office of the Company, at No. 15<i
Uroadway, Borouch of Manhattan. city of New York, on
the SOth day of July. I*BB. at twelve o'clock noon, to
vol.- upon a proposition to Increase the capital stock of
the Company from One hundred and twenty-five thousand
dollars, represented by One thousand two hundred and
Cfty share* of stock of the par ->alue of One hundred dol
lars each, now outstandirp. to Five hundred thousand
Collar*, to be repiesented by Five thousand shares of the
par value of One hundred dollars each.
O GORGE E. IDE. President.
ELLIS W. GLADWIN. Secretary.
Pated. New York. July 3. I!**
IMTEH STATES RI'BBER CO.
42 Broadway. New York. July 2nd. 1!M»V
The Board of Directors of the. United States Rubber
•Company has this Jay declared from its net profits a
quarterly dividend of two per cent. on the First Pre
ferred Stock (inclu<slne all outstandinc Bid "Preferred"
Ftock>. and » quarterly dividend of one an one-half
per cent, on th» Second Preferred Stock of this com
pany, to Stockholders of record at 3 P. M on Wednes
<-lav July 15th. IBaB, payable without closing of the
Transfer Books. July Slst. ■••«
JOHN J. WATSON. JR., Treasurer.
* DVERTISEMENTS and subscriptions for The Tribune •
J\. : , .. «4 at their Uptown Office. No. 1304 Broadway,
•>?.t*»»^>n "/s!h and S7th sts . until J> o'clock p. m. Adver
tisements received at The following- branch ofa^s. at
regular ofSce rates until X o'clock p. m. vii. : 264 *th
cv.v f. «>. ror. 231 st,: IV. M aye . cor. 12th st : 92 Bast
14th st 2.'.7 West 421 St.. between 7th and Sth av<s . ;
203 West l**6a ft. . l".~s 3d ay. . between 7«th and" 77th
Ma 102 T. 3d 3' ■» ■ mar Slut St.: 170"; Ist aye near SPth
«• ■ 157 Knst i:-"'V " : 15a Tl l aiiilii aye ; 650 3d aye.. or
mv |Lia«ilc«n Dlvtrict Telecraph office.
AMERICAN SECURITIES ABROAD.
London. July 2, 4 r- n>.— The market for Ameri
can securities was quiet at unimportant price
changes. Last quotations follow:
London New York New York
clis»>. equivalent- cl^se. Chances.
Anaconda *-S ■*' T * • ) - i — '*
AT -his a SS% M*» Mis -- U
Can Pac HM I'* l *°" rr
i=t Paul 137' i Vt* IM% - *s
Erie .. i'< ; -- V.< n»'i — »
Jo first X IS 85 —
Illinois Centra! 131 - 129 121' T « — T4
J-ouis &l Nash MR I-". 1 * I<>r.'i — -4
>." V Central HW\r W-i\ l"l : , — •»
Tennsvlvania « 1-1 1- N>!V » + "i
Reading 5* 1 .4 113's 113 s , - %
Routhern Par ->"* M! 1 : '"•.'« - '«
futon Pac 34.. 1 ! 14.-.\ !*"■'•« - 'j
(V R <T«-r! 3*v« 37 T « .'IT".
«Jo prat . H6«4 If-'** !"-\
FOKKIGN MONEY MARKET. — Call money In
"London, ': 'i 1 r>er cent; open njarket discount
rate for b iori bills. 1 3-16 per cent: ions n!ll<=. 1 : «
j.-ercent; Berlin discount rate. 2* percent. Paris
discount rate. I N, per cent. Paris exchange on
lx»n<*on. -•". francs i-' 2 centimes. Bar sold, 775.
"'»%.! Berlin exchange on London, 20 marks 35"4
pfennigs.
FOREIGN SECURITIES. — British consols for
money. -"". per cent: for the account, *>< French
rentes, S5 francs 10 £ centimes.
NEW YORK CITY BONDS.
Bid. Asked. ! Bid. Afked.
4-f May. 57. i.H'7 7 « — "■'■■.*. Nov., -55. i. **■„ 8»4
4C^ Nov.. .-.T 1.107", 1081* :■: >. May ■.".4. c. SS « ■•«'.'
■«'■% May. IT. I. MM — 1 3^«. May, T. 4. r. 88V» >-'J ; *
4e" May.' # -".7. I.lorn, 1"V. ! -6... Nov.. ■>>". r.101% 101',
4«, Nov., 56 r. '.':•■- «a?i •• - Nov.. •••".•. r.l<'2 7 i tOS%
•4s. Nov.. '36. r. tt% 100 : ,;*6s. Nov.. '10. r.ln4V 104«»
"Coupon or registerei.
BOSTON STOCKS.
(Furnished by R. L. Day & Co.. No. 37 Wall street.)
July 1 July 2. 1 ' July 1. July 2.
Baal .v Albany.. 3ol - - | won Con«. - 11% 11
Ho*ton Kiev . 1314 133 j C*J A.- Hecla H..W 6. r .r.
CJR& Vt= Y.I4S 14"» I Centennial Man 39 23
Fltctabure rref..l2T» — | ■ ;•■■■: Rand 11. 71' i 71H
X V N H & H. 134 l»^i l-ran .ii;-. Mir, !»>, 'JJ 1 *
Old c-].ny 1«-J' 4 lv"l v " Granb) Mia S*i •»<
West En<s St By S3 83 Mass Con Mm... 44 4S
do rref "02 |«S Mohawk Mir; .... 5S t>4>*
He*! Elec Cos.. i>\, V» No Butte 65 s 66
Ac pr»f 4«V 4^v,lrvv e--.la M'.r !»-:, U»>
Am T & T <-.-■ IH 116 OM Don Mm 33*, 334
New Em Td...11i 112 | Parrot Mm ... 23 23
"W Tel A- T Co. •« •« . Quincy Mm . . S5 >*.'<
tdo pref .. *!*> S3 I Tamarack Mir.... r.s TiS
Tr. £hr^»Mach.. 51% W>4J W«lv#rlw Mln ..I.«> I*>
do I>i*f 27\ 2 s \V-S .-* • tan Co.+3T>»i 3.'»"»
Arcadian Mm... Vi •"'-. <"■" pref MM4 4' 1 *
Am Pneumatic-, :■'■■. '> l jl* Oil 244 24"»
Bo pref 144 15 Ma«» C,a? .'.24 M' 4
Atlantic Ma 144 "44 do f.ref M X. r .
ttmtmem Mm... iv. 13'«:ftah 404 404
Blr.rham Mir.. ..'2sc 25c | United Kruit 141 141
•Asked. tEx dividend. • .
COBALT PRICES IN TORONTO.
(Fumlsbed and corrected daily by Stewart 4 Lockwood.
No 43 Exchange I'lace.
Bid. A*ked. I Bid. Asked.
Buffalo ■ II '•" *-"•' *^ >w T^mis .. >. 354 $041
Cobalt Oem 88 36 Klplsslnic . 7 ««. 7 12',
Oobalt Lake.. IS 154 Nova Pcotla... 2*. 2fl
Conlapa* . ••> i". c<l 0 Peterson Ijike. 14 154
• r«r. Reserve 85 88 Red Boca .. l" 15
jv.Mer 4" 4-1 Silver Leaf . . 18 14
<Jre«»n M«*han 1" 1*» Silver Queen.. 1»2 1 > :.
Ketr Luke... 2 .'" Ball Trethemey ... 7.'. 7R
Llttl* NlpiF.. »*i 31 Watty 33 41
JlcKinley-Dar -,?. 76 1 I^a Bom .. 523 530
FOREIGN GOVERNMENT SECURITIES.
Bid. Asked. { Bid. Asked.
German con 34* ir , »l 7 ijc •■'. Oloirne 4s. H*'» JW'i
*!avanan pov ** x <: - I'XHjjC ■•'. Munich 4*.. !«*>S 5*
*!e»fian itov 3^s *'< Vi (C of Au^Rburjf •■ 80 »1
t-axony pov 3».. M 82 1 C of Vienna 4p.. 87 J«S
Hambarc coy Ss M *2 ICof F-cn-M 34* f*> 91
C of Berlin 45.. 80 100 iMm gov nold 100^ 101
PHILADELPHIA STOCKS.
<Turnlehcd by Char!e« I). Barney & Co.. No. 25 Broad
*tre«-t. New York, and No. 122 South 4th ktreeu
PbUadelpfala.)
Bid. Afked J Bld.Asked.
Am Cement 334 33* i !>er:!r!i Vai HK. 1i..-, 61
Am Ry Co 44 44'» Madden 14 IS
Cambria 6t«el . . 31 «i 81% Phila C 0....... 3* ;> ,
Con Tr of N J. » 7 : * ■I--' pref . 4" 4". »
El*< M }■■■■ Co. '*> i 31 j Perm Rlt Co 60S '""■a
Klec-Co of An IV* 10\|Penn Stee! C 0... «3 US
rairmoun' Trar S "<"' j d.-i pref ... -37 874
O-r. aaaaaU . 3 '■■ ; f'hlla Elec C 0... !i>; 04
<jo pief 21 2.- PWla Bap Tr. . . . \C\ \>;\ \
ln» Co if XA. i! • 21 '» Pni..kel»-«» Pow... ft 1t
Ijike Sup Corp. « r^ t'nlon Traction. . . .V... &OH
d • pref 20 27 r '•** Imp C 0... ''* '■•''■• ■
Irtish Star ... fc7«% 6hii ■ VlVUbach C 0.... 23 35 ,
BONDS.
Am Ry cony i* PS* 9* . I Phila K!e"4«.. Wl^ 70
£lee & P«> '■ .n% f»0 I i><> «•.. fil<V 10<>
H J Con 5e 1024 l<Xr*%|Phlla Co r* 85 054 |
I'ec raw n>- 4,. %;\ »i 1
OOING MMM OVEH THE FOCKTH?
Wherever ">u *<• lr»\f order with l«x-svl new •denier
far Urn BVSItAX TlUBt*X5 m •»<«•• you arrir*. j
STOCK TRADING SINKS TO LOW RECORD
NEW YORK STOCK EXCHANGE SALE S— THURSDAY, JULY 2, 1903. -
Ch.n.l N.t | i ~~~~ .I .. *«»;! T B 'i e ,V,n-llßid'i"iSk 6 .old"|rt^V. ' Voiw.lHmhlLo.FimlßU A.».
I : Dtesf*if lil il l Jl |=lfi^l|llll
HO !-% American Car & Foundry...... ;34 34. 34 34 33^ 34*4 H,M 5; — i?ouT S vHle A Nashville 105^! 105V 4 105 105 IM% IWH
10 i 'American Car & Foundry pr... P. i9T 9, 9, 96. 4 . •> M +2 Mackay Companies pr 65 6o 65 6o 63 o
103 American Hide & Leather pr... 18 IS W 18 18 19 —Manhattan Elevated 136 136 1& IM "4 13|
y* _H American Ice Securities 254 2«T4 X 4 26Ji j« 400 - Mexican Central ctfs 1» Jo 1 * "% J^ ~ £
■« -:!S:isr!S."KSffiilS-vf:::::::-A5 A. ™$™> »^ « bl » if.lffiS^Sgij^p iHfl-f 1 I 4I 4
■S :^:iSS!ai;is:KpK-::::: # : if?! |* # >»* "PI 1 -J pSySsfe-iK:::-*:~E i! . JjjISH *|j
£3 —"American Smelting pr B • if' i. "9; '?. iS « 1$ l - •National Lead -...A. 6£44 65^ 63% ! 65% 65% -»*
IN j*H .American Steel Fdry prct«..! *\! 36^1 »H | ri-4 wo j —*[•>£ onaiLeadpr:.::::.:::.: |»& *»% 39 89V4' m»%
60 .'American Sugar ; Us\ 12S 1 * "- 1 « i-^ 1 * J*J co *: , ™ '">whoine M& 9 ' 5 o 1^; di ■ a oVi ■%
IS -> 4 American Tel. & Cable IgH «U4 ,««.•_» « .Su I 4g ~ i ! «N>w York Air Brake ' 6fi.*! IM S« JgJ J5
300 I-3 American Tel. * Tel IWVi U« i ! ll«'i IJQ ™ «« , ™ J5 8 New York central iSHj! ' IMS TO ! JJS4 $*& 103*«! }«
auu i .-American Woollen ! 23H 23i,' 22\ 22\ 22-\i .4 J^ ""' i New York & N J Tel lffi ] 10TV/ 107 j 107' i: 105 10S
W ! -Vfc -Anac^da ;g«g «g g g» 2 - Z^ ' N ew York. Or}. & Western : JWt 40? 40% jg| «£ %«
1 : e| gS| B I;: si Isfl h\ | i;Efiaf^g| || ilf
€h| ; .i-:;i;; i • |fa£ $J i| fe^i? 1 1 1 1 1 A
«n _«; Chesapeake ft Ohio ' 39*« K«g ijffi «* 40 , 27.3<W J^> .Rer?nbTlc Iron' & Steel pr : W>V ; «S| 6fi> «fg W4 »
100* Chicago & Korthwestcrn IM% IM% '^IMi lg % ?«^ }\ .M ™ Southern "pacific 8«4 K% . Sd% Wi Bf, *§fc
hS 3£ S°Ku < cts G Aer P v::::::::::: fe 3£ 3^ g : | e r:::::::::::::::: R9A M Wtt |? 1%
8.400 *2 Comstock Tunnel -o2 .32 .30 .o. , - — 100 ( » ! Thj Avenue Railroad ! 31% 31% 131 •■» 31 •* 30 32
100 ♦ H 'Distilling Securities 34 34 34 34 UK 344 1^ +1 i? Tolec o St. Louis & West 20 I*& 2«) »'4' 19% 1?>
1; ii Ei| 1 11 1111 111 1 1 1 I p i^S 11 1 1 1 1
100 -H 'Federal Sugar pr. «g4 gt 9M4 K% « 9^ g +* rmted States Realty & 1mp. ... 4ft 4fi : 4fi '46 4« 4^
,is : i 3^ feMßf^HEi-Ei nfßspft b. & j -^ ss « -»- Bar.».£d a is; |J ,|» ffl B
is j pb?^.= : ■% Hi ■!? -is «- h : -|lgS,fc^ :::::::::::::::Lg,l s « ! p "§: f
i v: £515=1 j^; &:. P: jl %l «li a -tkzs^^^^
Ra sis. 'v.ssL? i- ,riS/'? r ScS£.' r &;s %i;i%";z!?*«'hT££s™™™ Wfe »"»^ ■» »»■
'Unlisted. ] ' -
FINANCIAL AFFAIRS
STOCK TRADING LIGHT.
Prices Finn at Small Xet Advances
-Banks Gain Cash.
Total transactions In yesterday's stock mar
ket amounted to a trifle over 100,000 shares, one
half of which was supplied by Reading:. Union
Pacific and United States Steel. There were
only four issues in which dealings ran beyond
3.000 shares, while there were many securities
that were not quoted at all as far as actual busi
ness was concerned, the total number of sepa
rate stocks dealt in and the entire trading for
the day being: smaller than on any preceding
day in the year. And the total operations were
lighter than on any preceding day since March
I<>. 1904^ the low record before that time beina;
made in the dull period in "1900.
Prices, as a rule, were firm throughout, with
fractional net gains in so-called active shares. at
the close, and a net gain of over 1 per cent in
Consolidated Gas, which on insignificant transac
tions moved* up as a. result of the court decision
sustaining tfie demurrer interposed by the com
pany in the suit brought against it by Attorney
General Jackson to annul its charter. The gen
eral market was made up entirely of the opera
tions of the board room element, which was not
disposed to make extensive commitments on
either side of the account, especially on the bear
side, the greater part of the business represent
ing covering of shorts and evening of contracts
incident to the approach of the two day holiday.
Outside matters were without effect upon the
movement of values. The success of the Harri
man railroads in converting large decreases in
gro:-.; earnings for the month of May into unim
portant net losses, the good showing by the On
tario & Western in its net results, bank clear
ings showing the heavy falling off in the volume
of trade in June, and other news developments
•were not factors in the dull and stupid trading.
Money continued easy here, and in London the
Bank of England made no change in its mini
mum rate of discount, while showing a per
centage of reserve to liability a trifle above the
average for this week in the last eight years.
Bonds were relatively more active than stocks.
Enormous sums of money are now being dis
bursed in the shape of dividends and interest,
and the fact the bond market offers so many at
tractive opportunities for the investment of
funds suggests the possibility of a reinvestment
of a part of the July payments in mortgage is
sues; also in first class stocks that are selling
on a basis that returns from 4% to G% per cent
on the purchase. .
There is no good reason for the with
holding of idle money from the investment
market. It is true corporations are not en-
Joying the heavy profits recorded a year ago,
but in the greater number of cases they are
more than making the interest and divi
dends on their senior securities, while there is
no good argument for a belief that the current
declining tendency in earning will run on in
definitely. The crops are growing in a manner
that foreshadows bountiful harvests, and big
harvests mean an enormous increase in the pur
chasing power of the agricultural community,
which must be reflected in greater activity
among the manufactories and the, railroads.
Money is easy and will continue cheap for a long
time to come, and the accumulation of vast
bank reserves will be an important factor in lay
ing the foundations for the resumption of in
dustrial prosperity.
The menace of Bryan, of course, may serve
to retard business improvement, but business
men from one end of the country. to the other
will carry on an active war against the Demo
cratic candidate, until the votes are cast, to the
end that success may came to Secretary Taft,
who stands for everything that will protect and
upbuild American industries, for everything that
will preserve the integrity of the courts, and the
interests of capita! and labor. General sentiment
in financial circles does not favor the theory that
there will be any liquidation of investment se
curities in the next few months, especially as the
price of money is so much under the yield on
good stocks and bonds. Time money for over
the end of the year practically goes a begging at
3*4 per cent.
The call of the Secretary of the Treasury for
<Ci«>,<n>it,<NK» government funds held by depositary
banks will not tend to advance money rates at
this centre. The local institutions hold $10,000.
<«**> in federal deposits, and the return of this
entire amount could be made without causing
any serious fluctuations in the loan market,
owing to the heavy rash and surplus holding's
here. And. as pointed out in this column yes
terday, the drawing by interior banks on their
New York balances in payment of their propor
tion of the government call would not upset the
local monetary situation, especially as the Treas
ury will be a heavy debtor to the New York
banks on revenue account in the current month,
while the latter will continue to receive money
from the interior in excess of shipments. In tho
current week the city banks have gained upward
of $3,000,000 in cash on the known movement of
money, and. therefore, it is likely the Clearing
House statement, which will be published to
day, will show a further addition to already
swollen bank holdings.
FOREIGN BANK RETURNS.
London. July 2. — The weekly return of the
Bank of England shows the following changes:
Total reserve decreased £1.780,000, circulation In
creased [983,996, bullion decreased £797,000. other
securities increased 324.000. other deposits in
creased £5. 025. 000. public deposits decreased £522.
•Hirt and government securities decreased £6.000.
The proportion of the hank's reserve to liabilities
Js now 44.40 per rent, against f«1.17 per cent last
week, and compares with a decline from 42*4 j>er
cent to 38 S per cent in this week last year. The
rate of discount is unchanged at 2>4 per cent.
Paris. July 2. — The weekly return of the Bank
of France "shows the following changed: Notes. ln
circulation increased 160.025,000 francs, treasury
deposits decreased 99. 350. 000 francs, general de
posits Increased 33.276.000 franc*, gold on hand
decreased 8.176.000 francs, silver on hand de
creased 3,425.000 francs, bills discounted Jn
cret«ed 115. 075, 000 francs and advances Increased
14,625,000 francs.
Berlin. July 2. -The weekly return of the Jm
parial Bank of Germany Fhows a decrease of
442, 000 mark* In cash 00 band.
XEW-YORK DAILY TRIBUNE, FRIDAY, JULY 3, 1908.
BOND MAHKET SALES.
2000 v p 2s C 1030.3.104 I «£OOO I. SA M S 4s 1931 924
6000 Japanese 445.... 89<4 39000 do j »2H
500 do2d.. 88^ 4000; do »*7
5000 Rep of Cuba 5a.. 103% 5000 do '.".BSF. »-'*
1000 do 104 5000 L* N Unif 4s ...»< V 4
123»00 N V C 44s 1057 1000" do A X & C 4!. SJ
New 108 ! 13000 Man Con 4s I*"
l<oooo do 1071* 30lX> do "I.' 1 *
84000 do 107% 24000 do Ptpd 9i
13000 do 105',% 1000 Marine 4' 2 ? i--,™
f.OOO do ... 10S i 1000 Mof N .1 l^t fis-102
1000 do IPI7 New..lO-Hi ! 2000 Mo K& T Ist 4s. S»_. l-2l -2
1000 Am Cot Oil 4'4s. 91 *; 6060 do ■• • <♦'
65000 Am H * I. 8a... 00 | I<>cn> do 2d f»
35000 Am T& T Convt I 3000 do ™?
4, .. ; 85' i 5000 Mo Pac 4s <'•'»
88009 do 854 1000 do J2J*
72000 do 85'» 1000 XV C Gen 34* •• «•-.&
2SOOO Am Tvbacco 65..10514 0<«"K) do »
2S<ioo do 105'k 1000 N V Air B Convt
COOO do 4.« 72>« f.s i" 1 *
1000 do ...: "2** 20000 d~ » J
210<iO do 724 5000 N i C, & E" I- H
9000 A T & 9 F Ad] & P *>"•■••;••• Pl?
4.« 80 10000 N V N H & **„
27000 do Stpd., 86*4 Deb 6s 1264
3000 do / I?6'b f>ooo do .'. 12*>S
500 do ....? 874 nooo do - ■}£>
1OO<) do S7S 2000 do Ctfs Ist pd.1244
10000 d,. Gen 4s 9« «000 Norf & W Con 4s. !H'j
2000 do .* . .. »7% 2000 d . *■»'*
100<>i> do • St 7»» .">OOO do PC & C 4s. S3
79000 do " 9* I &»00 do S3ii
1000 do Convt 4.«... i*'^; HVio Nor Fac Prior I'll ■»
3000 do Convt 55... 100 3000 do ""JJ*
9000 n & 0 Gold 4«. r><»»i *>**> do 10 ! *
1000 do 9^4 3000 do "20F.1014
2000 do Sun 345... xx 1"*1 "* 35000 OS L Gtd Ref -ts S9',
pooo Bkln Rap Tr 4s. 71% 1«OOO do |B%
2000 do .71 | 5000 do "'-«
I000i'» do T 1 l » I 1 r-< nx » do 8°
WOO Bkln In Gas 55. 102*4 5000 do I**"*
3000 CSo Ist Ext 65. 1074 25000 do »■• "94
SOOO do 107' i 5000 do &<\
13<«io Cent leather ss. 05 5000 Perm Convt 34*. • ft.^*
MOO Cof N J Gen ss. 122 500 do »•> ,
. 1000 C & <"> Gen 445. 1004 l«1<li» do 34s 1015 !»2N
2000 c& E I Gen 1124 »>ooo do 82%
4000 C» & Q .It 4?.. PC'4 16000 d-> «*-"»
12<V»o do !lt!1 - 44000 do ss ' **
1OO() do .... »<*,■> .100 do »1%
3000 do IU-R .90 lftOO, do Con 4s Rots.l"l 4
173000 do Gen 4s 97% i 15000 do 101S4
1300<i do 111 Div 4s.KK> 143000 do I"'**
SOftO do 34s 88 52000 do 101 '.4
I'lOO do lowa Dlv S 5000 do M«
F 55...b20F.1«5H 14000 Reading Gen 45... l'i 4
2000 do 105% i 4000 do 9l ■*
1000 do Neb Ext 4« J»S', 5000 St I> I Mt ft So
20li0 C M & St r W Gen 5s 106"*
* M I.iv 85...109% 2(iOO do "0"
1000 C R I ft P 8*..m% 1000 St L. & S F Ref
Nxifi d.. Ref 4s.f2'»F W 4s «'*4
3000 do M* 2000 do "<•*
2rViiKi do K"> 2000 do fi "4
44000 do RR 4s 83 2O)00 do {JJ
2000 do 83"4 2>Xio St t. Swn Con 4s. 65
ROOO do «<„ 1000 do fir> 4
10000 do ...: ... . 62"-4 4000 Scab A L Gold ss. 55»i
MM do 627* 2000 »i Pac Ist Ref 4s 80%
1000 do Cl Tr 8»... 66 1.1000 do !> o**
1000 do 654 1000 South Ry Ist Da.. !»7
2000 C C Cft I Gen 1000 do !>7H
0s ... 124% 1000 T C I ft R Gen 55.!»7
4000 Clev C C & St L. 5000 T P & W 4s 80
Gen 4s «4 3000 T St L & W 4-.. .24
10000 Col & So Ref & 1000 Union Pnc Ist 4s. 101
Ext 4Vis 7R% 4000 do I'"'"*
2000 do . . .' 7S"» 4'loo do 101
17000 Con Ga.« Deb 65. 125 15000 do Convt 45.... «> T i
1000 Con Tob 4s 72 5000 do 10 *
1000 Ii &R G Con 4s M»u, fistiiO do 9 1 '
si«O D & M Gold 4"!.. 874 12l«100 do »9"4
&000 Dist Sec Cor 6a. 72 j 1000 do Kef 4s \V I. JISV,
6000 Erie Ist Con 4s. SI 40<mx> do 8&"i
2000 do ?2 I(mx'» V S Leather fis..K'. r >
SCXIO do Gen 4-..«20F 63 7t"oOO r s Steel 8 V ss. l»7' l 8l 8
3000 do Perm CT 4s 82% C4OOO do 974
1000 Gen El I>e-l. .118% 40O<> do I.i
4<«K> Gr Hay Dt-b 8.. 11% 1000 do 07%
57000 Int RT X Ctfs.lOO'i SOOO do s2OF. 1<7 THT H
12000 do 100' ii 1000 do .88%
31000 Int- Met 4M:* 221000 do JJR'
35000 do 88% 500 dr. Reg !»7 ! «
SHIOO do 66"i I 1000 do 97' i
1.13000 do f >' iT » i .W do OS
60000 do 67 ! 10(i0 W Ref ft Ext 4«. 62%
lixV) Int Nay 5s S4 3000 Wat. Pitts T Ist.. 43
1000 X C F S & M 4s 70 I 4000 West Md 4s 70%
2000 Kan city 5V> 35.. 71 | 1000 Vest Inch S F . r .s. PI
2000 I^a.-ka Steel .'»«.. 901.; , WOO West Sh 4s Reg. .100%
Total sales ot bonds. $2.9<«.000.
GOVERNMENT BONDS.
The following; shows yesterday's closing quota
tions for government bonds, compared with |
1 Wednesday's: i
— July I.— —July 2. —
Bid. Asked. Rid. "Asked.
I* S 2s registered. 1930 104 105 104 105
U. S. 2s' coupon. 1930 104 — 104 —
C S. 3s registered. 190S 10» 100% V*> I(hi*4
V. S. 3s' coupon. 1908 100*4 101 »4 100*4 1014
V. S. 3s, small bonds 100 1 * — 1004 —
V. S. 4s registered 1025 .121 1 * 122>i 121 U 122 1 *
U. S. 4s. coupon. 1925 V22\ 123Vi. 123% 128%
' MONEY AND EXCHANGE.
MONEY MARKET— on call opened at \Vt
per cent; highest, 1"4 per cent; lowest, 1 per cent;
closing. 1 per cent; last loan. 1 per cent; ruling
rate, 1 1 * per cent. Time money was not sought
with much Interest, a limited demand for the long
maturities constituting the business. Accommoda
tions were generously offered. Rates, 2 per cent
for sixty days. m 2(a'- l percent for ninety days, 2'j
<i7_' a 4a 4 per ctntfor four months. :i''j:i' 2 per cent for
five months and 3 i 2 'aZ\ per cent for six months.
Mercantile paper was issued with moderate free
dom, meeting with a fair demand. Rates, 3V4@4
per cent for sixty and ninety days* Indorsed bills
receivable, 4@4Vi per cent for choice four and six
months' single names and 5 per cent for less well
known names.
FOREIGN EXCHANGE.— The foreign exchange
market opened steady, with cables quoted at
4.D7U04.8715. demand Mterling at 4.8690 bid and
asketl and sixty-day bills at 4.8565^4.85%. Short
francs were around If. 15%. less 3-64, and short
reichsmarks 95%. Business was dull in the nrst
hour. Sterling rates held steady In the morning
and early afternoon, demand Wlls showing a slight
Improvement from the opening. Cables were quoted
at 4.5710®4.6715, demand sterling at 4.5690© 4. *•>:*')
and sixty-day bills at 4.556")C5 4.So*i. Short francs
held aroupd 5.1. less 3-64, while short reichs
marks advanced to 95 l plus 1-32. The market
shaded off .11 the afternoon, falling back to the
opening rates at 4.8710<5i 4.8715 for cables, 4.8690
bid and asked for demand sterling and 4.8560®
4.8565 for sixty-day bills.
Bankers' posted rates were as follows:
Sixty days. Demand.
Sterling • 4-«« 4.88
Germany. r<"l<-h*marks '•'•"* •»%
Tar!-, francs B.IJH .Vl4>n
n^lfrlum. francs .'. -" 1 '">"-»
Switzerland, francs • ">.!*"♦ 5.1.V*
Holland, g-uilden «"'» 40%
DOMESTIC EXCHANGE. — Boston, 16 2-3 c dis
count; Chicago, 20c premium; St. Louis, 50c dis
count; Kan Francisco, sight 12& c premium, tele
graph JEc premium: New Orleans, commercial f»0o
discount, bank $1 premium; Cincinnati, 10c pre
mium; Savannah, buying- 3-16 c discount, selling
par.
BANK CLEARINGS.— New York, exchanges
$440,527,497, balances $29.55i),324: Chicago, ex
changes $52,58(!.735. balances 15.208.584; Philadel
phia, exchanges $28,6:8.875. balance* $2,253,539;
Baltimore, exchanges $6,541,714, balances $634,950.
SILVER MARKET.— Bar silver. M%& Mexican
sliver dollars. 46c. Bar silver in London closed at
24 13-16(1. advance. 'vi
GOLD PREMIUM.— In Madrid, 11.55; Lisbon,
11. £0.
MEXICAN EXCHANGE.— Mexican exchange on
New York is quoted at 2.02 c.
ijdVERXMENT RECEIPTS.- Customs receipts
reported from W*shini;ton. J729.744, internal reve
nue receipts Jl.S'iS.lT?.. miscellaneous receipts.
$2? r .293 Receipts for the dny. $2,264 212. expendi
tures. 14.9iw.00n Receipts for the month to dat/-.
$2264.212, expenditures, $4,990,000, excess of ex
penditures. »2.72^.7fc8
SUB-TREASI'KY- The Sub-Treasury wm debt
ar to tba Cla&rlac Mouse $i,«.-is.,3ii
INACTIVE STOCKS.
The following were the last actual sales and the
closing quotations for stocks in which there were
no transactions yesterday on the New York Stock
Exchange : • „
Last Closing. | Last Closing,
sale. BW. Asked. I sale. Bid.Asked.
Adams Ex. 167 1714 ISO [X lofC pf «•'> — 60
Am As Ch. 23 23 23% Lac Gas 894 — 1 1 1
do pref... 57 ,*3 S7 ; d.> pref.... 90 50 100 J
•Am Beet SIS 17% 10 LE « W.. IVW4 13 V-%
•do pref.. 77 7* 78 do pref 42 36 45
Am Can... 44 4»i 5 Lake Shore. 3oo 270 —
Am C0a1... 100 150 Long Island. 3S »> 40
Am Cot Oil *>■>* 30V 4 90% Marine 74 7 i 4
d pref... SO 80 90 do pref . . . 20%, 19% 214
Am Dlst T. 30 — 39 I Mackay Co.. 05 64 644
Am Exp...185 I*s 200 Man Beach.. 2-* 2 6
•Am Gr T. 74 7V4 » Md Coal pf. 90 75 —
Am H& L 34 IS 19 VM St Ry... 25 23 '»>
•Am Lin.'.. 9 8% » Mich Cent.. — 135 ISO
•do pref.. 2<» 19 2.1 M&StI. pf 6*4 •>» '•»
Am Malt... 5Vi 6 6 MSP4S S 11.1091, MB 110
do pref... 32 32Vi 35 do pref... .13.14 1.14 136
Am Snuff.. 2oo ISO 220 |MK4T pf 59 »)S JW»
do uref.. 72 90 93 , Nash & Ch. .110 110 120
Am Stl Kdv 74' 7 M 'Nat 8i5.... 844 S3Vi J*
•Am S pf .12.'. 120 126 Nat E & Stp «'.i »'4 l'>
Am T.>r. pf. 8814 KH<; «° do pref . . .77 73 £0
•Am W pf. 87% Si'i 8814 NRof Mpt 51%. — r.l
Ann Arbor. — 15 30 do 2d pf . . 17 - l» l A
do pref. . . — — SO New c Coal . 35 2.> 40
Bait & 0. . S<s 88 W>-S N V C*St L 37 37 4"
do pref S7 82 86 d,, Ist pf.102 S, «6
Beth Steel. 1.'.% 13 15% do 2d pf.. 72 «w _ .3
do pref... 40 60 N V Deck pf 74 .24 —
In C,a.«..112 110 12i> NYI. & W - 12" 130
Brunswick . 0 8% 12 N V NH&H.I3S MB 108
HR * P.. 99 70 106 N& \V pf . . N> "" »>>
do pref... 100 105 — North Am... BBV 50 •><•
B& S pf.. «4% — 65 Pac Coast... 76 74 ■<
Butterlck C 2<J 21 22 do Ist pf.. DO 75 1»>O
Can So 61 f.O 61 do 2.1 pf.. 80 75 90
C& S A T.104V4 100 110 Pacific Mail. 25 24% 2..%
Cent Leath. 244 244 25 Teo & X.... l. r >4 >•• »
do pref... 03 Vt 92'! 94 Peo «&C. 92 02 024
Cof N J..103 190 105 P C C&St L 734 72 7..
Chic A Alt. 2T.% 24% 25V4 do pref.... 91 i«» 88
do pref... 5.515 54 60 Pitts C0a1... 114 12 13
C& B I pf.11.% V- 160 do pref 42' 41 43
CB & Q..22S 190 240 ,Pr Stl Car. .2S 27 2«
CGW pf A2O 17 4 20 I do pref . . . f'2\ 83 85
do pf 8.. 74 7 8 Pull P Car. .15914 155,* !..'.>_
do deb... 49 : , 45 50 Quicksilver . 4 4 »
CI4L pf — 41) 90 I d.) pref.... 14 1 •»
•CM&SPcfspl4s 14.14 147 Stl Su. . 36 3.-4 f>
C & Xiv ]if.2<is 10S 210 j 'do pref... ft>4 *» gM
C 6 PM&0.132 130 138 I Read Ist pf. R2 82 *-'**
do pref. ..If..'. 180 165 do 2d pf.. 814 82 8.
Chic T Tr. 5 4 8 »R I & Stl. IS 1.»4 M
do pref... 15 10 25 R\V & <)..114', 4 116 11--.
Ch Un Tr. . .14 3 3>» Rut RCopf 27 25 »
do pref... 10 1OV 4 13 i SLASF Ist pf 42 42 4*
CCC&St£O3H 51 64 I do 2a pf.. 28 25 2J.%
do pr«-f . . 9O»i — 80 I doC&Elcfs.!2s 115 150
Cleve & P.IBB l«2'i — j do ctfs pf. — — 134»
CV & 1... 27 26% 27' 4 ] do ctfs new 49 4S 51
do pref... 60 40 4jo 1 g»t L & Sw. 16 16 164
C*9 Ist pf. 58% 5S 59 I do pref... 384 384 304
C& H C*l 20% 2<>'4 -'Ui Sear--R pf.. 90 — 9<>
Con Coal .. 874 80 90 So R R l>f-. 44 43% 45
Corn PR.. 16% 164 17 It cP.L.T. 57 57 M 4
Del & 11... 157 157 161 T Rys &L. 94 94 104
li L A W..524 010 525 TC R T... 09 874 804
D& H C,.. 25 2»<i 2>i -V B & P.. _£% s'* •',»
do pref... <"■"% 58 63 »do rref. .. 57 65% «,*« ,*
DM& F D 11% 7 15 lUn Pac pf.. 88 82^i 8-i?i
Dft VRR 42 414 414 1" Ry Invt.. 22'» 20 SI
•DSSAA pf 20 10 22 do pref 36% 3t.4 3.
Ev &T H. 624 •••<> 80 V Ci B M pf. 92 SK) l<>o
do pref... 85 80 100 r S Express 80 70 85
Fed M & 9 70% 71 80 «r S Leatb. 12 5 12
do pref... 76 75 79 «do pref... 100% OS 1024
•Fed Suk R 674 60 70 »U Slt& XlO » 11
Gen Ch Co. RB 55 65 -do pref... 23 21 »
do pref... 80 00 100 V S Rubber. 24% 244 J4%
Granbv M.. 1»!'4 96 1 <( " do 2.1 pf.. 80 68% 80
•GN ore cfe 50 584 68 Van«lnlla UK 85 — 85
Hay El Ry 23 88 27 1 Va-Car Ch.. 22% 224 23
do pref... 74 70 70% do pref. . . .l<)l>i OS 1"*»
Hock Vol.. 86 84 S6 Va ICA- C 404 4S 53
do pref... 80% — 88 'Vulcan Det. 4144 l 4 3 54
In -R Co.. 514 50 — -do pref... 2S 30 55
do pref.. 844 hl> — ' W'abash .... 11 I' 1 * n *
Int Paper.. 101, 1" 104 We!!s-F Ex.2B<> 298 3'>s
bit Pump.. 23% 22% -'34 West Md . ... 9 8"4 11
lowa C pf. 34 32 35 I\V In Tel.. 63 BB f>6
Kan & M.. 35 .10 42 XV MfK Ist pf 80 75 80
X c A So. 234 22% 26 W& L E... 64 6 7
do pref... 54 5.1"» 55 ; do l>t pf. 13 13 16
KCFS&M pf 66 5.» 6:'. do M pf . . » 7 »
Keo &D M »'i 4 8 |Wls Cent... IB 164 l.'i
do pref... 25 20 30 1 d o pref 3*4 38 40
•Unlisted.
MISCELLANEOUS SECURITIES.
(Revised by Frederic H. Hatch. No. 30 Broad street.)
Stock! I'lv. Bid. Asked, i Stocks. Dlv. Bid. Asked.
Am BS& F 4 36 40 jK CB1.& P. 8 114 118
dj pref ... 7 7."> SO I^cka Steel...— 33 38
I Am Brass... 5 105 112 Lord & Taylor 8 125 130
! •Am Chicle.. 12 1«7 182 do pref 6 M 102
do pref 6 02 i>r> Lorillar.l pf... 8 110 135
! 4m Coal P. . l i 65 fii» Nat Cash Kpf 7 100 12>J
•Am TrpsF... 6 074 lU2H Xil's-liem-P.. 6 90 100
Am Thread pf 4 34 -»4 do pref 8 »0 105
Am Type FJv 4 30 38 Otis Elevator. 2 35 39
do pref.... 7 SS US do pr#f 6 84 8%
Habcoek &W 7 SKI 9-"i Old Dom SS. 6 100 113
Barney AS C 4 — «0 Pratt &\V pf. 6 M ion
a,, pref . 8 100 120 «R Bak Powd. fi i:» 143
Border.' CM 8 138 138 do pref 8 90 lt)O
do pref ... 6 I* 10* «?af (' II * 1.8 113 113
Bush Term..— 30 — Standard -Coup 5 35 45
Con Hub T..— •* « Standard Mil!.— 8 74
do pref....— 15 25 do pref 3 30 S4
Conn R * l>. 4 «*' "•'' Texas Co. ...12 125 130
do pref . 4 »">*> "5 Trent. :n 1 0t..— 3 7
•Celluloid ... 6 125 — do pref — 40 (50
KmpireS &I— 5 10 do fdy or.. 4 40 60
d., .r-f 4 45 55 Trow Direct- 30 40
Hill <ienai .— 30 35 Union Carbide — 67% —
Hott-H-M — M 45 Union Ferry.. 2 12 15
lot Nickel — 80 30 Union Tjrp«w. « 57 «2
do pref ".a 70 80 do Ist pref. 7 108 112
Int Silver " — « * •" - M " rpf . . 8 JO2 lC*
do i.ref '"4 51 55 United Bk X. 4 Cl 53
Klrl.v T.urn.":~ 20 %> ' do pref « 60 03
do pref ...— 60 65 I
•And extra.
BONDS.
Int. BM.A-ked. ! ' Int. Bid.AskNS.
Am Malt Ist. 6 09 191 N T Bls<- IK. « 100 —
At> * F Ist « '.♦■"> 100 Xweit C R Ist 5 75 —
Am T& S Ist 5 *5 95 Old DS S let S 05 I<>
Am TF dbt. 8 100 105 Ont Power Ist 5 M> US
Heck-J-J l«t 8 100 10.'. PC A C 19T.3. 5 35 45
Int Nickel Ist 5 72W 77U Stock Quot Tel 5 05 —
Int Sliver Ist 8 103 105 Sun CCo I!H4 5 W> fis
do dl.t .8 7S 85 Un Carb Ist., rt OS 102
1,, ,FHi let 8 90 — In I^ead dbt. 3 «4 «8
Met Wat Ist. 4 45 B5 Va-Car Cbem. 5 09 101
N J Stm Ist. 5 80 90 !
TRUST AND SURETY COMPANIES.
■ Reported by Clinton Gilbert, No. 2 Wall st.)
Bid. Aaked. I Bid. Asked.
Alliance Realty mo 115 | Law Mt*e Co.. lliu 2(10
Am Surely Co. 147 V» 155 Ijiw TI * T... — 200
Astor 288 — Lincoln ll»2H —
Bankers' 440 4fio Lot« lri I. ft T SSO 265
B & MtR GCo 2!»."i 305 Mount V.-rnon. . 225 —
lion-ling Green 315 — Manhattan 3.10 400
Broadway 125 — Mercantile 750 600
Brooklyn MO 400 Metropolitan .. 4SK> . —
Carne "ie l«-"4 IH7^ Mt e Bond Co.. 90 —
(as Co of Am. 11<> 125 Morton 400 420
Central 1.500 — Mutual 93 li»
Cent Rltv Co. 180 1»<» Mutual Alliance l«0 170
City Invt Co.. 55 60 Nassau 173 200
Citizen*' 125 — Nat Surety Co. 140 147 Vi
Columbia 210 220 Till T..1.000 —
Commonwealth — **• N V MtK & Sec 140 _
Commercial .. 150 100 NY Trust Co.. 490 610
Empire Tr c,,. 340 — People's 265 2>«5
Knultable .... 385 375 Queens County. 130 145
Farm L, A T.. 1.050 1.1'« Realty Ass. . . 113 120
Fifth Ay TCo — 415 Standard Tru«t. 323 —
Flalbush ■ — 2<U) Title OAT Cm 375 —
Franklin 175 — TlCoof NY. 105 113
Fulton 240 — Trust Co of Am 245 255
Fidelity 180 — Union 1.100 l.}«
Guaranty TCo 410 — United States. .1.080 1.110
Guardian - 225 I' .a Cm Co ... — 200
Hamilton 2«o 275 |\-sM *T c 325 350
Horn* Tr Co . 75 *5 ITBTC, AI Co — 75
Hudton Realty H»> 110 j Van Norden... — 306
Hudson Tr Co. 125 150 Washington ... 400 —
Int Bkir Corp. 1"O 110 Westehe«te r ... m 145
Klne« County. 435 4".5 iW A RT A MCo 145 1.'.0
Knickerbocker. — 810 | Windsor 130 130
BALTIMORE STOCKS.
(Furnished by Van Schalck & Co- No. 7 Wall street.)
Bid Asked. Bid. Ask«d
United Railway. 10 — Cotton Dock.... 8 13
do Incomes.... 51 51 l « do Incomes 214 2' 1! -,»
dn 4s 85 8.V,, Norf Ry AL. C-s. ««>., pov»
GBASVT... 3 6 Ll«ht A P pref.. - 40
do Incomes . . . 14 T i 18 do *'■■*• (i«i, pa
do lets — 44 >Cha» City By I*. 108 110
Seaboard fl^i 7 Chs» Con Elec 61 BS 0")
do Ist pref.... 25 4" Cont Trust . Ifl3 ISO
do 2d prof 12 12H Union Trust . — 80
do 4» M f>«H Third Nat Bank. lls 125
do 10- year 6s 88V1 90 Fldallty A Dep..USV 125
Consol O»i .... - 10.1 I Maryland Trust — 60
•o «• 10tH 100 I Nor Cent Ry.... — ft)
Chartered 1822
' The Farmers' Loan and Trust Company,
. Nos. 16, 18, 20 & 22 William Street.
Branch Office, 475 Fifth Avenue,
New York.
LONDON: - PAEI3:
18 Bishopsgate St. Within. 41 BonleTard HaaMmana.
Bills of Exchange, Cheques and Cable Transfers.
Travelers' Letters of Credit
Payable Throughout the World
OUTSIDE SECURITIES.
While a fair number of Issues figured in t£e
day's total in the market for outside securities,
trading as a rule was comparatively light, and. so
far as activity was concerned, was conrtned to less
than half a dozen issues, Price movements con
tinued irregular. Some strength developed in
Greene-Cananea and Ton.-pah Mining, both, how
ever, sagging off later through apathy. Davis-
Daly -was somewhat steadier. Neva. ln Consolidated
Improved a small fraction, while Cumberland Ely
continued heavy. Gold Hill was weak. Tir.tic
Mining was more active at a slight improvement.
Changes elstwhere were small. American Writing
Paper preferred was down a point. In the bonds
Allis-Chalmers 5s were firm. American Steel
Foundries 43, w. 1., were up 3 points.
INDUSTRIAL.
Shares I I Open- | High- ! Low- I Last
■old. I ; ing. | eat. | est. , sale.
5151 Am Stl Fdry w i- . 32 I *3.': I 32 I 32'»
lOOIAm Writ I' pM..] 12" < »> j 20 Si
60i»i Bay State Gas... 15- lfl. 15-M 15-lSi 15-18
TSJLorrl * Taylor pf'l, 101 '* 101'; i l'»l V» ! 1"! ' a
490 Manhattan Transit "I 7 .. IT*|l1 T *|l II IS 1 11 l«
l(Xtl Panama Cement.. i , 3 T » , 5\ "> »j 57i5 7 i
3JStandard OIL , BOOJi GOO* [ flrtuV «•»•'»
l -.
MINING.
Shares I I Open- I High- ' Low- | La.-t
"old. | I Ing. ; esL. | est. , sal».
25 Black Mtn I 3 T »J »%\ 3 T »; 3 »
20UlBrit Col Cop | 4*4 4T* *\ 4%
*>•< Butte & NY | 2 ! 2% 2 : 2'»
10,0<X>ttCobalt Central... Z* 3'"> •"•*> 3-">'j
s<)o]tComblnation Krac| i*> ; M 55 •"•'">
T«>O,t<'.»n Ariz Smelt.;; 13 | 13 , 13 13
2"<> Cumberland-Ely .. 7*4 TS 7*4 7H
300 Davis-Daly Kstate 1% 1 7 i IS 1T »
600 Dolores Limited... 6*4 Ml B*i 6*i
150 Dominion Copper.. 1% l*i 1*1» IS
IMOJtFurn (rk Cop 14 , M 14 1»
2.<K*M«;<>ld Bar 3* 4 3 4
WO Gold Hill M 4, ft "i
2.."iOr>;Goldfleld Cons 6 5-1* Mb 5 5-16 M
3.0<i0 tGoldfirld l>ai*y..| *.{ S3 , 80 ! 82
2.i«ni : rirf<>n<-rananfa .. 1»J4I 1"*» l'>'» '"'♦
50O>tGreene OoM-Sllv.l IS* I*** IMS Il***I I ***
.V> do preferred I l'», I'm *M l'«
7.fM»> tGrnw Cop Smelt. i 10 | l'»'- 10 l'»
stK> Ind Val Cons ' 4 4H 4 •*"•;
Kins Edward j 'i 1 'i '.i v 'i
3,3Of»|l^a. Rose Cons > 5 S-M 5 3 1»'. I 3-l« 5 9 M
l..'Klt>! Mason Valley ! 1 5-16 1 5-16 1 "> M 1 5-16
l,oi»| Manhattan Atlas.. j 5 j ."> 5 5
150 M»s Expl a M... Ml •«% •* *S
Miami Copper 7\ 7 l t| 7 77 1 *
Mlrmac Mines... .; 2%. 2* Ml 2%
im»|Mln-»s Co of Am. . I I -» IS 1 '? t'a
av>'M<-Kinley Dar 7." I 7.V., 7.' 7." 'a
Sat MontKom-Shoeh .*-! •--. | M «5 as
200!Ner Con Cop I ll*i! 11\ US US
800 N'»\a'la Smeit I "• ?» T « 7 »
mo xev-i T.I A 5.12 13-I<V 2 T , 2% 2 13-1«
rsfxi Pliiiwlin M '" •■ •• j 7 | "'' 7 7
I. SOrt 't North butto Fit.! 25 j 31 '« 25* 2'">
W)'OM Hundre.i I !2! 2 'j ** 'i
' ' >rphan Copper I 33 1 * 3*l. 3* 3*4
275 Precious Metals... I 1111
1.400 tSrchltehi MA M 11 ' 7S 7« 7s
I.2i>oi Silver Queen ,$1 08 $1 04 $1 02 *$1 Ot
Stewart [ 11-16 11-16 11-16 11 W
42O(?up A Pltt-burg..| 12 *12!4 U%\ 11",
I.OUO I Tramps Cons | 14 18 14 15
Tlntlr " 4 4 » 4
1 Tooop«ll M of Xcv I* 7 4 7S 7%
:,i«i Tuyra I"v M 2% 2% 2 s *! t%
90 Union Mines *i \ % \
2OO'l*nlted Copper 6% *% f>\ RS
1.-fi !"Wh Blnishani.. 1 4'j •% 4'? 4',
BK Yukon Gold Mines.! g%| •3.! 3HJ3 7-16
I — ■ •
BONDS.
7~~ I Open- I Htch- I Low- | Last *
Rales. ( ! ing. | est. | est. j sal*.
$15.n001A1-Ch 5s and int. I 71S 71*» 11% 1 71>i
2.000 1 ASFd4s &In w! I*) Srt CO m
12o.(Nto|Cons Ss 4s rcpts.. I>^i lt» ' ft 3 ; 10
XOOOtX R of Mx 4s w 1! M (M M M
12fiOf>' do 44s » I S>2 02 I i»l', OIU
e.OOOJTIdew Ope notes 08% BB%| BS% 919 1 * 1/*1 /*
> — 1
•Odd lots. ft*ells cents per share.
CONSOLIDATED STOCK EXCHANGE.
Business on the Consolidated Stock Exchange
yesterday was practically at ■ dead halt; in fact,
the total transactions were smaller by far than
for any single day for many years past. Never
theless, the tone of the market continued firm and
prices in most instances made fractional advances,
due more to a belief that when the market again
becomes active values will rule higher than to
any other cause.
STOCKS.
Shares! : Open- High- I Low- Last
sold. ] i Ing. est. | «St. sale.
Amal Copper* I 6»Vi W, Ki'% ««
ISO Am Locomotive ..I 4S 4S j 47 : - 47^
860 jAm -Smelting 7fi!» 7641 th'-* "K\
70:Allis-»:halm i 11', ll ! 2 n^ n: 2
10! Anaconda Cop ... 42 43 j 4 ■ 4">
lOlAt Tip & S F.... }<1H Mtj M- HK
C.M> Brook X T j 47", 4s?»i 47* % 4.^1- i
lOlCbea & Ohio I 40 I 40 ) 41 , 4O I
4M>.CI.io Mil 4: St P. 133% i:{4 133«4 133* ;
-'<• Erie ; l»% \>j\ v.*\\ ,;,t 4 i
10 do Ist pref 344 344 34H UK
B0 Gt Northern pref 1.114 1.114 l 131 % I 131%
2<;o Inter-Met 11*» 11-, 11% 114 i
ISO do pref 3t>Ti .11 I .H>4 ' 3r.4 I
lo|Mo Kan & Tex...! 27. 27% 27U; "7'i 1
100 [Mo P«clfl<- ! 48 ' 45%( 4* j mXk\
SO! National Lead ... 654 «554 j 6T>4 »•.-,-,!
7<>N V Central I 103*4 10BT4 1...:\ iobX
2O N T Ont & W...1 4<>4 404! 41 ,t, 4,, .
370; Nor Pacific ! ISK^a V.M ! 13BS 13« I
6.WW> jlieadln(c 11.1 * 114% j IMS IMS
leol c 0 Rock Island pref. | 2!>4 2i» : » '*> 3 % 2!* I*.1 *.
27«; Southern Pacific. " M'.S ».; 5 » !»fJi 4 ! ■»
130j Southern Rv ( 174 17»4 17 I 17
3.M«» Inl.n Pacine ... ! 14.-.S in? I 1451 ir.'i
20i IT 8 Cast Ir Pipe, j 22 > I 22 i >•• I •-> !
*U> V S Steel | .IS ! 35«4 .17%' a»H
200 I do pref ! 1>::i | loss 103 I 10311
3O'\Vabash pref ... | 22% I 22'iJ 22' ii 22%
16.430 Total sale*. '
MINING STOCKS.
Shares I I Open- j High- J Li.w- ! Last "
> »°' - I 1 ing. I est. j * st - ' sale.
Atlanta < .17 ! 17 '7 •-'
1.5001 Blue Bell 044 1 ."44 ,H, H 'ii
»00 Comstook i 2T> I .31 a '
•»» Comb Fraction ... .55 ! ,5B "iv -: !
2fiOiGol.'.neld Daisy ... .W .«.| " sl •„, 1
l.">o|t;ol,inel.l Cons ... 5..'57 ! 4 5. .174 5.174 s"i"'i
1.000 Gold Bar ; .04 | 04 I ',14 • 1 -'21 I
' 12(.!Ontarlo • ' 7.". J 4.75 4 7.". 4 7.'.
T; amps Con . . | .14 \ .15 | .14 j '15
6.070 Total sales. ~ " ~*
WHEAT. ~~"
f= a! "- i I Open- Hlch- I.nir- l^, st '
,*"""■ ' I Ins. I est. I est. | , a l c .
375.000) September option.. | S7H I ' SS4| 87%| Bft~*
,
COLLATERAL TRUST NOTES.
Maturing lUu«»-"2Z
(Furnished by Swart wout & Appen^ellar. No. 44 pi . , t ,
Name and maturity. Bid. Asked. JwU
Am ngar Co 4p c. March 15. 1011 . 944 SB 575
Am Cigar Co 4p c. March I.V 1912 S>24 aau -. a
Am Tel A Tel 5p c. January. l:ilo Its'*, SOS a>.3:i
At Coast Line 6 p c. March. 1010 !tsi 4 s^l ».mi
ilalt & Ohio, series A. 5p c. Men. 1000. Io0i« K»»S 373 !
iVies * Ohio 6p c, July. 101t> .. i,,,* 4 „,, 6 ' v> \
Ch. Rock Inland *P6r> c. April. 1»>!> Hit I>'.»S Kan
Ch &\\ Isp c. February. I<<H> !(»>'; lui4 4 7-,
CCC fi .*t Lst> c. .lime. 1S»I1 |M lmi«i 4 ...
Con Gas «p c. ITiliiiij. IMB lo«>\ v>\\ 375
Intert'Oroußh RTS pc. March. I»U> .07 »-\ «'«!>
Interborough 11 T6j> c. Ma.. 1011 MM no* 5 9-» !
X C lty &L.6 pc. September 1012 . 1»1 t » »••*■■* (*'t» |
KCSoS pc. April. 1:112 934 XV «'.X»
Lack Steel 5 p c. March. 1W>!» (a 941* linn
Lack Steel 9 p .-. March. 1910 kh 04 * fi .v»
I-ak. Sh * Mich Be SBc.F. h. 1910. ..ICV>% U>l«-; 4 ■•
l»uls * Nnsh 5p c. March. u>io . ton I«>^ 4fm
Mich central .'. pc. February. Win lt«i' 4 100U 4 .-ji
Minn & St \. B p ■. .ruar\. 1f»11.,.. 02 f>-, - m
Nat RR of Hag 5p c. April. MM :«.»\ H»l4 4 (*»»
NY cAHRr 5p c. Febniary. 1010. ioo 141 4 lf»»4 4 »^i
WTO L •quip. 5p c. Nov. lf>'.S- > 22. . » , to 44 r. ,- basis
NVNH* H»p c. MOB !.»•■, [.MS *'*
Ncr * Western 5p c. May. IfMO io(>, j»f»* t\
Perm RRS pc. March I.V 1010 1(K»S itW* 4V»
Pub S»r Cor 5 p c. November. 10Hft. . . . >v. f>.-, . 7 q>
?eabonrd A 1. 4>rts « p c. June. 1011.. •*» 100 ,• Oi>
Ft 1. M*BoK44 pc. June IWt Jfc) 91 ,0 ,
St 1. A S F.i 4 p c, rv.-(»n:»«»r 1908 M ji • ■■,* ,
Southern Rv op c. April, 10O« 114 p.* \,,,
Southern Hv 5 p c. February. 1910.... so M 13.(10
TH«»l»r ope, June, tOM Jlh p H u « •,»
XT S Rubber .1 pft September IS, IJW>!>. . 974 „<» Htt
'WentlnKh E & Mfu A p ,-. August. 1010. ■>!» pa aon
Whtel A L E 5 p c. Auru.-:. IDOkS SJ it ; . 60.0>>
CHICAGO CLOSING STOCKS.
American Can pref .VI ■■ ■ ••••■aim Title A Trust. .109 |
A Booth Packing 2-V\ Kan City R v A I. pref 744
_ (1 ' > £ r ' ? ' f . W I National Biscuit rref...U«>' j
Box Board \] Quaker Oat> pref.. »■» '
da pref 4S Street! Stable Car 2.* V« ',
Common* eslth Eduon.tno <j o pre x 97V •
C)Uoa«u T«i«i>hon« 13* v, $ w m *C« . I!III*lOtt%
MONEY
If you wish to borrow on
real estate, bring your ap
plication to us now. Coo"!
loans on improvo i property
In Now Yor:- City can bo
handled promptly.
TiTIE GUARANTEE
AND TRUST C 9
Capital and Surplus. - 12,000,000
176 Pro-dwa7. New '{"■>. .
TO THE HOLDERS OS"
.-even Per tent, slnklnc Fond Gold n >n-ls '
of
REPt'BMr DISTILLING CO3ITANY:
Sealed proposals for the sale of One Hun<tr» I r -i
sand Dollars par value of the Serva Per ent Slnktrf
Fun.l GolJ Bonds of Republic Distilling Company. :-i»
March 1. !!»1.1. will bo lIWIIN at th» niT.ci* of R«.
publi'; Distilling Company, No 4O ExrHnng" P!ae«,
New York City, on or before August 1. IW, and tho««
offered at the lowest Price, not exceeding, ho-wever. pur
with accrual interest, will be arc»pte4 and paid broj
the first day of September. IWi'
Rrpnbllr r>l«tlltlnc Compfiny. >"
Br N X I' HI'OOINS*. Prenld»nt
INVESTORS READ
The Wall Street Journal
TOPICS OF THE STREET.
FOREIGN' TRADING. — Foreign houses dealt la
3.000 shares In th* local market, chiefly sales. la •-
London the general market was dull and !"^me
what heavy, though there was no change in eon- •.
sols. The mining shares a* a r»ile were lower.
Open market discounts at the British capital w*r«
lower, but the Bank of England made no chants '
In its minimum rate. The weekly return of th»
bank showed a reduction of 6.70 per cent In the
proportion of reserve to liabilities, though th*
reserve of 44.47 reported was above the averag*'
for the same week In the last eight years. Paris
discounts were nrmer, while at Berlin th« rat»
declined T»-
BANK CLEARING JS FOR JL'N'E.— Mor» gain*
In bank exchanges at scattered points. wher«
losses have almost constantly appeared in earlier
months. Is the encouraging feature of the Jun»
staterm-nt. as reported by K. G. 1"m & Co.. total
bank exchanges for the month at all cities '-. ■ \
porting in the United States, embracing 110 leadlnf
centre?, being $9.513.0 1.">.1 18. 11 I per cent less thaa
a year ago and 2'» per rent under June. 1305.
Losses are still quite widely distributed compared
with June, 1307, but sit many minor points larger
payments through the banks denote some renewat
of activity. w!ul<- at many additional places outsM*
New York City gains appear In the comparison '
with June. 130i>. a month of exceptional activity
in almost all departments of trade. The loss at
New York City is less than In earlier months this
year, except May. because stork market operations
in June this y»-ar were again a little larger in vol
ume than a year ago: but in the comparison wit!i
June. 1306. a large decrease mm In both Ne^
York City bank exchanges and in the volume of
stock sales. In the comparison with last year tha
fact should not be lost sight of that there were fly»
Sundays in June. 1907, and four Sundays this year.
This disparity Is eliminated In the average daily
figure?, which for June show a loss of 1j.4 per
cent, compared with a y-?r ago. but the ■»•»«•■
for June this year, with no unusual activity Ii»
the stock market, is 'well up to the earlier months,
where normally a considerable decrease mlsht be
expected. Outside si New York City the loss is
still nulte large In the East and at the South la
comparison with both years.
YEAR'S GROWTH OF GUARANTY TRUST
COMPANY. The report of the Guaranty Trust
Company of New York, showing Its condition on
June .10. as compared with June 23. 1007. show*
that deposit? have ri*en more than JS.oriO.OOO in
the year to J54. 079.363. Among the resources •€
the company are public and other securities to an
amount exceeding 1^7.000.000. as compared with
about $14,000,000 a year ago. Foreign e::charg»
is held to the amount of $1,253,519. as compared
with $2,597,964 la 1907. and .-as':: on hand and in
bank amounts to -v"-"v 1 5."i. against $5.360.5i3
la^t ear The surplus of the Institution ha« in
creased $300,000 to $6,000,000. and In addition th»
undivided profits amount to $750,980.
BANKS GAIN CASH. — The reported movements
of currency for the five days ended "Wednesday
Indicate a gain in cash held by the bank* of
13.353.300. The bank* received from the interior
$7,660,900 and sent to the interior 719.899, in
cluding $2,190,000 national bank notes sent HI
Washington for redemption. The gain from th»
interior was $1,921,300. Receipts of new gold «•*■
$701,300. namely, on New York assay office checks
$666,400. on Seattle assay office checks $34,900.
Gold exports were $301,000 In bar-* Ml Berlin. Th»
gain on Sub-Treasury operations proper was $1.
061.700. The total gain from 'he interior. $t.
321.300. new gold $701,300 and Sub-Treasury op
erations $1,061,700. «a« $3.654..".00. Deducting th»
loss by gold exports of $301,000. the net gain was
$3,333,300. Receipts from the interior were th«
smallest for any week of thi* year. This was
foreshadowed in the decline of New York ex
change at interior points. Shipment* were not
large; the most important were to Boston and
Philadelphia.
UNITED CAST IRON PIPE DIVIDEND— T*»
directors of tie United Stare, Cast Iron Pip*
Company have declared the regular quarterly
dividend of I % per cent on the preferred stock.
This action was taken la accordance with the plan
to pay the dividend providing the court holds
that the company has the right to divert from th»
account carried by It on its bal.ince sheet n« "re
serve for working capital" sufficient funds witit
which to meet the dividend. The report of tti9 ::
company for the year ended May 31 showed -
earnings equal to 5.3 per cent for the preferred
stock The reserve for workina: capital amounts .
to $2.459.597. A friendly suit will • - brought in
the New Jersey courts to determine whether or
not the company's charter will permit t\-.e pay
ment of the dividend Mil of t'lt-i reserve.
KEOKI'K & DCS MOINES PREFERRED DIV
IDEND. — The Keokuk * l>e* Moire* Railway
Company ha<» declared ■ dividend of ! ' t per cent
on its preferred stock, payable August I. This
is the first dividend since May 2. 1904. when 14
per cent was paid oft the Issue, which is entitled
to S per cent ■ year. The*divirf«nd Just declared
represents surplus earnings which have accumu
lated since the payment of the !a*t dividend.
DIVIDENDS DECLARED. — Dividends Tuiv»
been declared as follow-t; Arkwrlght Mills*, of Fall
River, quarterly ' '•» per cent; C(«rr Manufactur
ing Company, quarterly 1 ' t per cent; Guanajuato
Development Company, regular »emi-annua! 3 per ;
cent: Standard Underground Cable Company, "C
ular quarterly 3 per tent, payable July 1": lh«'
Securities Corporation, regular semi-annual 3 l i
per cent.
FOREIGN LISTINGS.— Quite a n-imber of cor
porations contemplate miking a market for their
securities abroad. It Is said that #fTi>rts are under
way to ma!;e an active market for the securities
of the International Harvester Company, in Loa» _."
don. The securltirii ff the Utah Copper Comp-iny.
it la understood, are to he listed on the P.irtJ
Bourse. A markt-t is also to h.- made for th*
securities of the I'nltrd States Rubber Company a
Europe.
NEW CONSOLIDATED STOCK EXCHANOfI
MEMBERS.— The following h^ve been elected to
membership in the Consolidated Stock Exc&RSS^
Alexander G. Hr» E. E. Ostwatt and ».<?on.mi J-
Field. The last named is a 3i>n of Jacob Fief*,
one of the best knovi n traders on the ftix>r of *■•-•
New York Stock Exchange.
HEAVY LIST OF COUPONS PAYABLE— M *■
Harris & Co.. as fiscal agents. adv eri a total
of over 120 coupons payable M their bar.k'.n?
office, this being the largest list advertised & T
any banking house or institution In New Yom
city. ;
WILL CONTINUE A DIRECTOR— P*'" l * V
Schwarz. who has retired from th» presidency ot ,
the Mutual Alliance Trust Company tt> e!vsr»<* " -
mercantile pursuits, will remain on the board •» I
directors of the trust company.
STOCK EXCHANGE ANNOUNCEMENT- - ,?
the Nev? York Stock Exchange will be closed to- 3
morrow. Clearing House sheets must be <iallv«r««
to-day. Tb»re will be a loaa m*rkot to-tUr.
