Newspaper Page Text
tub ,sun, Saturday, june is,, wis.
10
Make the Most
of Opportunities
Those who believe In the fu
ture of the United States, who
appreciate the Intrinsic safety
of our government, our com
mercial activities, and our
financial position, arc Justified
In having confidence. In Amer
ican securities of recognised
stamtlnK. Many of these se
curities are at present selling
at prices that provide remark
ahle opportunities for profitable
Investment.
StnJ ftt Circular D-34.
A. B. Leach & Co., Inc.
Investment Securities
62 Cedar St., New York
Cht'sgo Boston Buffalo Minneapolis
Philadelphia . naltlmor. Clerdand
J. K. Rice, Jr. & Ce. Buy Sell
Detroit Maeklnave rom. c via.
(luaranty Trust Ktoek
Klrtr Lumtgrr Com. rfd.
Lehigh valley roai salsa
Midland Scurltl .
Nrt'l Aniline Cliem. Com. TtA.
Kola Engineering; st Maen. Meek ,
rlJ-Hoolds Tobtk."HlgMt" Scrip
Singer MnnnfnetnHnjt
Texas VmMe rol Oil
Ward Bnklsg Bond Blocks
J. K.Rice, Jr. & Co.
Phones 4000 to 4010 John. 3 Wall St., N. T.
W. C. Langley & Co.
Investments
115 Broadway, New York City
CHABTKBKP 1S44
0r.ii. Tryst Gi. if New Ytrfc
80 BROADWAY
fifth At. Allthet Fifth AT.4S IrtkSt.
ftlSUUECUTDR, CUMHAN, T1USTBE, Etc.
Allows latarat oa D.psalts.
NEWPORT t CINCINNATI MIDGE CO.
Genual Mortgag. 4MT. Kftr Vaar
Gold Bonds.
In accordance with the terms of th.
Mnklng Fund clung ot above Mortgage,
nolle. It hereby given that sealed propo
sals for the aalo of aa many bonds aa can
be purchaaed with 111,610 (which amount
la on. per cent, of 11.558.000, the amount
el bond a now outstanding) will b. re
catTd at the oftlce of th. Louisville It
NaahTllle. nallroad company. No. "1 Broad
wax N.w York city, and opened at noon
oa dim. 21th, 1318. when the loweat offer
win be accepted, provided the price does
not exceed par and Interest.
WM. IV. THOMPSON', Treaaurer.
J.aa lti. 1911.
CERTIFICATE OP MEMBERSHIP No.
Ill, Issued by th. New York Produce Ex
change July 18, 1114, to Jamea Slmpaon
having been lost or mlalald, application
has seen 'mad. to th. Board ot Managers
fsr a new certificate. All persons Inter
ests are hereby notified to show causs
wllaln th. next six wesks why such n.w
certlficat. should not b. laiu.d.
L. B. HOWS.
N.w Tork. Jun. S, 1IU. Secretary.
FINANCIAL NOTES.
X S. Bach Co. will pen their branch
office at Saratoga Springs Jun. 17, In
charge of Ford A. YVldrlck.
liolomon Mioa. A 'Huteler and Blake
Brofe. 4e Co. has. purchased Jointly 15,000,
000 City of Hotton notes maturing Novem
ber 4, 1319, bearing 4.31 per cent. Interest
prr annum.
Tre Bank of Cuba in New York an
nounces that the semi-annual dividend rat.
lias been Increased from S ta 4 per cent.,
'putting the slock on a X per rent, annual
basil.
The New York Shipbuilding Corporation
has lesued lit report for tha year ended
December 31, 1317.
The Federal Kesne Board announces
th. following binks have been admitted to
th. Federal reserve evMem: The Mont
gomery County Trust Company of Amster
dam. N. Y, capital 1200.000. and the First
State Bank of canisteo, N. Y., with a cap
ital of 130,00.
Keily. Howell A Co. ssl',1 open a new of
fice under the management of Bernard I).
llalkran June 29 at Spring Lake, N. J.
SHORT TERM NOTES.
Kate.
ernrltr.
AnvCottonOII
AmCottnnon, n
AmTelATel .
AtnThreadCo.. 4
BaltAOhlnlH. 5
tlaltftOhloRK. S
Bethlehem Steel ,
BklynRTCo . . S
CanNort WnR r .
CanParlfleRy .
CentralA rw Rys . . A
ChlBurtQRR... .4
ChlJtWTnriRR.
CubanAmSumr..fl
CabanAmSugar. . A
CubanAmSuarar. . A
DtriARudRR . .
ErleRallroad. . -1
FedSngarRefCo. .
OenElectrtcOo.. .
OenKIeetrlcno.. ,s
flgaRuMssrCo ..A
rtrsndTRyorCan.s
OresUNonhernB.fi
Hoewnsvni'ey. r,
KeiuwC1tyRy...S
KanCttyTeemRyl
VanCltTTerm R v4
-Mon rramii rt.-o . r,
NYCentralRR....1
Pennsylvania. .. ,H
PhllaKlectricCi. s
ProeteA(lmhle.7
ProrterAOarnlile.r
Proet rrft O am We.T
ProcteTOamWe.7
ProrterA(amble,7
PubServCorpNJ
RemArmsliMC. . 5
Rhew'ganW&PO.A
Southern Ry . . A
PtahSerCorp.. A
wlncFepA rmOn7
WcstEAMfgCo. 6
Cvemment
Security. Hate.
Amrr For Pf .1
Anglo-French.. ,.1
ArgenllneGovt. ,A
Oltyllordcn'ixrr.fl
CltyI.yons.Fr.. A
CltyofParla.Kr.
CltynfQuebw. A
Douitnlnn of Can.A
Prenchdovf'onv.ny
FrenrhOovt... ,,A la
Newfoundland. .A
Norwayridvt, . . .A
rrov or uuanec
Kusatam ovx
Ruaalannovt
RussJanOovt
SwitierlandOovt..',
CnJKIngofon .1
VniKGBl'-un).A
tlnlKlngofOB, ,
UnlKlngofon. ..1
Dnllsra Tier
L tDoIUrs per 1.000
Sept. I01A
Pept. 101!)
Feb. mil
Jan. 1010
July !91f
July 1010
Feb. tS,U9
JulT 1918
Sept. lOia
Mar. Sa4
Feb. 1M7
July 1MI
Sept. 191A
Jan. 1019
Jan. loan
Jan. I02t
Aug. lOJ'l
April 1010
Jan. 1020
Dec. 1019
July 1020
Dee. IBIS
Au. I01S
Sept. 1020
Nov. 101 a
July 101
Nov. iVU
July 1021
April ll
Fept. IJIIB
June 1.V31
Feb. 1020
Mar. 1010
Mar. 192 J
Mar. 1021
Mar. 1023
Mar. 1023
Mar. 1010
Feb. 101SI
Dec. 1A.'I
Mar. S.'io
Fept.
Mar. 1010
Feb. 1010
and Municipal.
Due.
Aug, 1010
Oct. 1.V20
May Ifc'iM
Nov. 1010
Nov. 1019
Oct. l.'2l
April 1020
Alls. 1010
April toio
Bid Al,e1.
0H mu
P7 07 U
aw oo i;
oejj loo
OAW 00 'i
ON H OS
ffi 97
bo H '0
00 100 u
100U 1O0U
Bid. Aalmd.
0 07
HI
tIA
S31
H2
V
07 S
PC. ..
H7V?
80 l
sot;
(21,
07
oau
Ilk
meolOlA
July 10t0 OS 07
Feb. 102A 101 K 10.1
April 1020 0 07
Dec. 1021 33 87
Feb. I4,'2fl 187 tl
Jun. IB.'IOI A3 3)4
Mar. 10X1 lot U li2
Sept. ISIS ont; gov
m 09
P7'!- OTM
04 94
FINANCIAL NEWS
AND COMMENT
Increase In Wall Street Busi
ness With General Under
tone Stronger.
WAR NEWS STIMULATING
Steel Reaches New High Mark
for Current Movement
3Ioncy Market Firm.
NEW YORK STOCK EXCHANGE PRICES.
Friday, June 14, 1918.
Day's sales , , ,
Year to date. ,
-rioatnr. lfllr.1
Hid. I Ask. (mil Sales. I
1918.
.. 610,316
..67,048,066
Whether trading In yesterday's Wall
Street market represented much more
than a continuation of the demonstra
tion of the strength of Its Inside posi
tion was difficult to say, but there wns
an impressive Increase In the volume
of business, and If anything the gen
eral undertone was somewhat stronger.
There were no very striking; chances In
either the character of the dealings or
In the character of the news events
which speculative Wall Street had to
take into account, and for the most
part the movements were animated by
the same considerations that governed
Thursday's session. These were further
encouraging- reports concerning the war
situation, which to all outward appear
ances seemed most hopeful since the sec
ond Maee of the offensive was begun,
nnd the presentation cf new evidence
that the fliianslal community is not fac
ing the new tax programme with any
thing like the apprehension it did last
year. The standard Issues were most
active, and prices here showed best re
sponse, but withal It was not apparent
that the market had lost any ot its
professional aspects.
That the market, however. Is rap
Idly approaching avepolnt where it will
break away from the so-called deadlock
and make a decided spurt in one di
rection or the other Is not to be doubted
from the character of the sessions. In
other words the best opinion of the
financial' community Is that either spec
ulative Wall Street has) decided to throw
to the winds such powerful destructive
influences as the uncertainties connected
with the war situation in France and
the new revenue hill, or else It sees, as
Is most likely. In the present war news
enough to warrant the conviction that
the turning point in the war has passed.
Whether this Is the real animation that
has prompted the strength of the cur
rent series of markets is of course con
jectural, but it is hardly necessary to
point out that either this Is the case orJ
eise tne nnanciai district nas lost sense
of proportions In relating the Interna
tional nnd domestic situation with the
Immediate prospect of securities. In
any event yesterday's market and In
fact those of the past week or so have
presented flatterlmc confidence in the
nhlllty of the nllied armies to withstand
the test, whether it Is now being de
cided or whether it has yet to come.
As In the case of the eleventh tour
strength of Thursday's session most of
the real animation centred In the steel
shares nnd in the allied Industrial is
sues. Steel went to a new high for the
current movement, as did several of the
other Industrial shares, and although
there was heavy profit taking at the
closing, the great majority of issues fin
is! ed not very far removed from the
high points of the day. While profes
sional motives actuated most of the life
In the shares, there wa evidence, n
slightly more Investment buying. Move
ments elsewl ere could 1 (account"!
for solely by professional operations,
particularly so far as th specialty
shares were concerned. Heading was
taken in hsnd again and moved within
a fraction of Its high for the year, but
tl ere was further profit taking In the
tobaccos, which was about the only
group that moved contrary to the gen
eral trend. A sharp rise of more than
"i points In Royal Dutch bore all ear
marks of renewed purchasing of tre
stock by the British Government The
investment market was quiet hut firm.
The money market continued firm, re
flecting the movement of a considerable
volume of money toward the Federal
Treasury In the form of tax payments,
hut th.re wa general satisfaction to
be found In tl c fact that the worst
has now been passed without exercising
great stringency on the market. Call
loans were negotiated on the Stork Ex
change at from 1 to Sit Pr rent, for
the best part of the day, and so far as
could be learned there was -very little
time money offered at any figure. That
tl ere will be f ubstantlal Improvement
from now on Is the conviction of a good
part of the banking fraternltv The
foreign exchange market was quiet, but
erratic fluctuations continued In lire,
representing a readjustment to the new
stabilized condition of the market In
this particular exchange. Otherwise
tere were no changes of Importance In
the foreign exchange situation.
MONET AND EXCHANGE.
rHLl. RATK.8.
Mixed Ixam.
High
Low
I,tt
Renewals
Tear's hlrh
Tsar's low
I All Industrials.
1 inuli
r.HILow
.an
4 (Renewals
4 I Year's high
2 Tear's low
TIME MAH8.
AU Industrials.
Per cent
Thirty day
Sixty dare
Ninety days t
Four months 4
Fits months
Six months
Mixed loans.
Thirty days ... tV,tfi4
Sixty days. ...Srj4
Ninety day 4fc4
Four months 4
Five mnnlht 4
six months 4
COMMERCIAL PAPER.
Prime Indorsed Blllsj
Keceivsuie.
SlTtr days. . ..
Ninety days . ..
teen, ism
Nov. 1010
Not. 1021
fran'e.
rdblea.
STANDARD OIL ISSUES.
June 14.
Bid. Asked,
Aaglo-Amrrlean Oil Co. ll'i 13
Atlantic iii'tinlnii Co..,. son
Bome-8cn inter t'o. .. ,425
llnckr.ro Pipe Line Co,, 01
Chesehr.wsli Mfi rvmn. SOO
t'elonla! Oil Co. . . . io
Continental Oil Co 4:.1
Crescent ripe I,lu Co., Ill
Cumberland P I,, Inc., 141
Hnrrka Pipe Line Co... son
riltena-Hltnil Oil Co.. 124
nilene-Slmal Oil Cn rf 120
Illinois Pipe I-lne Co.. li
Indiana Plie Line Co... 91
Inter retrMeum Co U
National Transit Co 12;
N V Transit Co M
.Northern ripe Line Co, 10.'
Ohio Oil C o.
IViin Met Fm! ....
Pierre Oil Corp . ,.
PralrW' (111 U lias Co..
Prairie Pipi Lino Co..
Soltr ItfMnlnz Co, .. .
Southern i'j. i.ino Co.
kotitli 1'. mi nil l'
S W IVnn Pla Lines..
Htsndatil Oil or I'al.,.,
Steii-Inrit (Ml i,r Ind...
Standard (III of Kan...
sttii'lard (ill nt Kj ., .
Mendinl Hi of Neb...
Standard Oil i.t N J,.
Ntandsrd Oil of N Y...
standard nil of Ohio..
Hwsn Is r'lnrli Cn. ..
Union Tank Lln 'u.
Vacuum Oil Co
Ws.lilncti.ii Oil I'n,
ti il l stir "cn er"
in
. 54
. 10',
, Mil
. 'M
, :so
. H')
. MJ
. M
. ;m
. a.;
. 411
. ?)
. 40
. Ssl
! sm
. o
. 01
. 10
24
,i.K'n
o:o
4-iO
M
3
41
4V
S4
IIS
:io
IV)
i:-i
is
94
13',
l4
3H1
104
325
30
114
610
M
3HI
IM
2f4
211
r;.i
473
30
4D
IV
t7J
410
04
31S
.11
June 13.
Bid Asked.
114 UV
(loo
425
91
301
11
425
31
13
SUA
123
120
145
ei
12i
13
2M
103
314
37
IS
Mi
2M
)
1'
140
90
20-J
n
4IS
32i
460
(24
240
3X0
M
M
3.10
4
irsi
IMS
I0
4V
th
ir,
40
4V)
3C
!
510
130
IIS
144
(7
if
310
107
S-t
n
104
510
241
310
11.1
24-
9"
21,1
42
470
3.10
4D
MS
271
410
5
04
:
ri
Six months.
Other Names.
Three to iix
months
ACCEPTANCES.
40 days. (Odaya. Mdars
Bid. Ask. Bid. At": B.d. III.
Eligible member
banks I A 44 4A 4rt 44
ails tbls n a n-
member banks if, if, 44, 44 A 44
Intllgibis banks
Mils 14 44 14 44 44 4
CLEARING HOUSE STATEMENT
Clearing House exchanges. 4597,3C9.2: bal
ances, IM.740.4M: Sub-Treasury credit bal
ances. !7fS,3l: Federal reserve credit bsl
auce, $'.4,271,719.
DOMESTIC EXCHANGE.
Boston, pari Chicago, par: St. Louts, tff
10c.' diteoum hid: San Franciaco, par; Mon.
treal. IJ0; Cincinnati, par; MlnnespoUs, 10c.
premium.
rORXION EXCHANGE.
. ..u ... 1 i -'
Bteriinx " x.,w.
Demand.,, 4.76A 4.77.A
tables. . . iHfn 4.7,'.
May 4 744304 7(4 I lh
14
34
1
33 7
84
46
79
100
4m
16
74
30
64
41
78
4.4 V.
45
1 U
IS
35
1
34
85
40
80
109
42
16
74 T4
31H
64 U
79
64
46
niw'ii:'
HOI,
102H
97
1CL'
r.7H
35
17
49
4Ti
16
84
10S
89H
65U
89 M,
43
231
15
139
101
97
15S
67i
23
17U
V
11
84
107H
89
C6
88
82 U
42
23
144
121 W 123'4
s 10
!s ,10
:., 25t,
:ovi' 20
14714 14S
67H
3.0
lOOIAdvnnce Itumelv
100 Advance ltuniely pf
100 Alaska O M........
6600 Allls-Chalmerg Mft
300 Allls-Chalmers Mfp; pf...
8100 Am Can
3100 Am Car t Foundry
100 Am Oar A Koundrv pf...
1700 Am Cotton Oil
8200 Am Hide & Leather
6000 Am Hide A Leather pf...
300 Am Ice
400 Am Inter Corp ex dlv. . ..
3600 Am Unseed Co. ..
lOOIAm Idns Co pf ox dlv...
20Am Locomotive
200Am Mnltlng 1st pf
3900 Am Smelt Ilef
2200iAm Huirar Hef
10000! Am Sumatra Tobacco,
200jAm Sumatra Tob pf..
Opening."
1917. 181.
848.100 364,100
!2,341,800 77,993.579
High. I Low. I rioF ViC
I eat. I est. I int. j Change.
6300
100
700
100
4600
1100
10500
100
200
Am Tel Tel. .. ,
Am Tobacco
Am Woolen ex tllv j
Am Wrltlncr Psner f...'
Am Zinc, L A Smelt....
Am zinc, it & smelt tr.
Anaconda Copper
Asso Dry Goods
Atch, Top ft eanta Fe. .
14H
3Hi
1;
83
85
46
80 I
109
42 H
16
75
30
64 '4
4U
79
64
...46
.. 77U 78
.. 111, 112
..1142 '142
...101 ,101
.. 98 98
.. 162H162M
H
84H
1
84
85
46
80H
109
48
80
54
42
79H
4?1
53
34
86
56
7
28
42
74
22
59
69
15
37
48
21
n 1
41
65
89'
31 U
91 1
85 1
60 .
43.
16'
32
22'
32' I
35
31t
17SU1180
43 437
43 1 43
146 147
131132l
98 J 99?, I
74T41 75 I
33j 33
41 43
96 ' 96
51 51
!
17' 18
29 29'
104 104,
27. 27!
37 I 2S '
IS 1S
4S 48
S2i 32
83 S3
1S 1R7,
100 110:
38
86
87
67
7
33
48
74
28
59
70
15
I 37
48T4
1 23 1
9
42
65
91
31
93
90
603,
51
15
32
24
34
39
32
1900 At. Gulf ft W I S S. .
49700 Ualdwln Loc Works.
1400 Baltimore ft Ohio....
100 Bairctt Co
10 11100 Beth Steel U ex dlv
6 ISOOlBrooklvn R T
300 Booth Fisheries
..I 400'Bruns Term A II R
101 400iBurns Bros
20O,Butterlck Co
1 000 Butte Copper Zinc...
uSOOIButte ft Superior Copper
900'Cal Petroleum
10 1800iConadian Pacific k.
f. 9AM'rintMl T .nlhfl.
4 500 Cerro de Pasco
4 100 .Certain-teed Prrxl Corp..
12 1700 Chandler Motors ...
4 600;Cheapcake ft Ohio......
lOOjCht Great West ..
1 100 Chi Great West pf
4 lOOiChl. Mil A St Paul
7 100 Chi, Mil A fit Paul pf. . .
.. 1600 Chi, R 1 A P
6 200Chi, R 1 A P 6 p c pf . . . .
7 400 Chi. K I ft P 7 p c pf....
1200 Chile Copper
41 HOOChlno Copper ex div
3 320O Col Fuel & Iron
100 Col A South -
2 HOOiCon Interstate Cal M'B . .
.. sooo.Corn Products
.. 6)00,Cruclllp Steel Co..
1. iuuivnucid
. . 2.r.00 Cuba
7 lOO'Dcere
30 .Det-Unttcd Ry..
67
23
16
48
64
12
84
108
89
66
89
57
23
18
49
65
13
84
108
91
55
H9
1
44 44
15 15
123 123
8 S
9( 10
,T, O
21
ZU!S
148
67
32
85
86
67
7
23
43
74
23
69
69
15
38
48
nit
s'
149
67
33
35
87
67
7
23
43
74
23
69
69
15
38
49
22
9
14 14
84 34
1 1
83 33
85 85
46 46
79 79
109 109
42 42
16 16
74 74
30 30
64 64
41 41
79 79
64l 64
46 , 46
76' 77
lit '112
139 140
97 97
162 162
57 67
23 23
16 17
48 48
64 64
12 12
84 84
108 108
89 89
65 65
89 89
81 82
43 43
23 I 23
15 ' 15
123 123 '
SU 8
9. 10
23' 25,
14S
67
"
'
1
1
U
1
2
1
3
1
1
1
32
35
86
56
7
23
43
74
22
69
69
15
37
48
T48
67
33
35
86
66
7
23
43
74
28
69
69 I
16
37'
48.
22 ! 22
9
"m
1
42, 42 41, 41
le Steel Co 64 C5l 64l 65
hie S Co -pf ex dlv. 90' 90 90l 90
Cane Sugar , Sl, 31 I 81 31
& Co pf '91 1 91 91 j 91
1
2i 16900 Dlst Secur Corp...
B
5S
64
26
50
100
94
59
64
27l
52
106
95
27 V
51
23
31 '
16
oj
100! Electric S
400Erie
900'ErIe 1st pf
2 00 1 Erie 2d pf
100 Federal M S pf...
BOO Fisher Br.d- Corp..
1400iGaston W & W....
216lGen ("hem Co
goo'Gen CUar Co
r.0Gen Cigar Co
700 Gen Klrctric Co...,
4800IOen Motor Corp...
200 Goodrich. B F pf
200!Granhy Con
S30o;Great Northern Ore ctfs
lOO.Grcene Cananea Copper.
100, Illinois -Central
3900ltnsplratlon Con Copper.
100 Interboro Con Corp
1000, Int Agr Corp
ISOOUnt Agr Corp pf
8100, Int Mer Marine
31500 Int Mcr Marine pf.
SOOilnt Nickel
4600llnt Pnper ,
100 Kansua t;itv So
300 Kelly Springfield Tire.
1200 Kenmcott Copper,
1600 Lack Steel Co e dlv .
300 Lfe Hubltcr A Tnv. .
200 Liggett A Myera pf. . .
100 Lohigh Valley ex dlv.
lOOiMnckay Cos pf
lOOj.Maxwell Motor
300 May Department Stores., r.2
200 May Departmt Stores pf.'102
85
' 61
50
f sn'i '
' 25 '
34
35
31l
180
43 .
. IS
146
'132
99
74
33
41
96
50
9
17
60
28
61) 60) 60
50 I 50 50
15,
32.
23 1
34
33
81
ISO
15
33
23
34
37
32
180
43 42
43l 43
147 146
15
32
23
34
37
31
180
43
43
14.
132 131ll32
74
88
41
96
61
8
18
61
29
74 74'
33 33l
41 41
96 96
60! 51
8' 8
17 17
60 1 61
2Bi 29
...;103,105 103 104
27 27' 27
37, 38 37
18' 1 18
19 49 41
.12 327, 32
Hi 84 83
11 18 18
102 102 1102
58 58 58 (18'
64 I 64 64 ' 61
2TU 57U 57lt' 27Ul
... - - , - - - , - -
52' 50 50,
102 102 '102
27
37'
18,
48
32 4K
83
18
102
2U
1
'i
1
1
2
1
1
51
23
30 ,
16
5H4'
19 19'
12.'. 128
125 '12?
71 72
23 ' 23
41 42 '
103 '103
5 8300 Mexican Petroleum ox div 94 95, 94, 93
4 BOo'Miaml Copper 27, 27. 27 ' 27 1
6 15300, Mldvale Steel ft Ord 51 52' 51 51
.. ISOO .MIssourl Pacific 23 23 23 23
3 10(1. Nat Acme Co 31 31 31 31
500 Nnt Conduit & Cable 17 17 16. 16,
6 200 Nat Knamel A Stamp 52 52; 52 '52,
3 400 Nevada Con Cop ex Uiv. . 19 19 19 19 -
20 600I.V Y Air Brake 127 129 127 t'.'S - 2
20 30 N Y Air Brake 129 129 129 129
5 900 N Y Central 72 72 72 72
400 N V Dock 24 24 24 24
2990.N Y. N HAH.
87
3S '
45'
12
28 I
48
42
28,
38
50
87
38 I
43, 2
12' 2
29
S3
73
111
53
23
91
87
98
12
21
7'4
20
28
69
83,
21
45'
40
9 ,
19
14S
44
43
29
39
58
53
33
73
111
53
24
91
87
99
12V4
23
8
8
20
28
69
84
24
62
45
41
97
19
149
1
3
3
5
5
A
8
5
3
2:
8.151
100'Norfolk A Western.
300, Northern Pacific . .
5100:ohio Cities Gas
1200,Ohio Fuel Supply
ISOOlOntarlo Silver Mining . .
lOOlPaclflc Mall
300 Pennsylvania R R 1
. 42 42 41 417,,
.. 103 103 103 103
-
400. Peoples Gas, Chicago
500 Philadelphia Co
200iPlercc-Arrow Motor
100IP, C, C 4 St I,
20011'itts Coal of Pa
SlOOlPitts A W Vn
3001 Pitts ft W Va pf
lOO'Pullman Co
100 Railway Stl Spring ex dlv
300' Ray Con Copper ex dlv..
36600IReadlng
SDOOi Republic Iron A Steel....
1400lRoyal Dutch Co
400j6t Louts A San Francisco
lOOiSt Louis Southwestern...
200 Saxon Motor
87
35
46,
12
23
44
43
soo
90
86
94
12
21
8
8
20
28
66
.1 83
Southern Railway Co ..... 24
Southern Railway Co pf.. 61
S7
37
46 ,
12;
29
44
48
28t 28
39 39
52 5J74
52' P2
81 V 34
75 75
113 113
53, 53
23
87
37
43
13
29
44
42
28
38
52
52
33
87
38
45
12
29
44
42
28i
38
52
52
33
a
91 I
87
113
53
Seaboard Air Line
200 Seaboard Air Line pf. ..
1500 Sinclair Oil A Ref i
3400 Sloss-Shcfflel SAT....
1800 Southern Pacific
1200
700
6l 64
121'121I 10
70 ' 72 4
4500 Studebaker Corp
SOOlSuperior Steel
lOOISuperlor fltecl 1st pf...,
8800iTenn Copper A 'hom. .
1800 Texas Co ex dlv
6800 Tobacco Product.
45
39
95
19
99' 94
12 12
8 1
8
20,
29 ,
69
113
53'
23' 23,
90, 91
85 87
33
12
21 I
8
7
20
84
2,
62 '
46
40
A3
20J
21
?!
A1 I
74
28
66
83
23
61
45,
39
95
19i
Last.
4.7;,
4.7,V
cms.
4.77S
4.7SA
4.7S04.T4r,
I'rev.
Last, close.
f'.il A 6.71 A
'70fi &.70A
. o.U!.t7Vfe
YesterOay's Close
iifmuQ
Francs Hlrh. Low.
Demand .. O-TIA 71 A
Cables .... 4.70A 5.70A
Nay .71',a71 117.
normal
rates
of exeh.
4.loes Sterlinf .. ..
S.'.KS Pans ,
Chins
Hongkong
Shanghai
11.21 Greece
Holland
4S.ll India
Calcutta
K.U24 Italy
49 54 Japan
Yokohama
It.M nu pea
M.79 Scandinavia
HICKkhotm
I'opeuhagrn .. .,
Chriitlante
19.29S fpaln
South America
12 40 Rio
Huenos Ayrea.. ,
1.0301 Argentina (gold),
5. ISM Switierland
TIME BILLS ON LONDON.
Bankers I Commercial
M day , 4.T1VC0 days 4.70
so days 4.43 days i.is
or cheeks,
4.7SA
671A
, :7.
111
, J0.f0
S14 ,
, 3.90
, US
ll.ee
, 34.20
, 31.fr-,
, 31,1 S
, 24.4.1
. 2T-.U
. 44.1.4
W7V
S.rM,
Cablea.
70S
77.73
1114
f OS
(14
1 y
S24
UJa
.-4.44
S1.7R
31. Si
it. hi)
21 IS
45.
74
IK
40
96
9
14
42
123
57
102
40
103
79
49
72
4ll
23 I
14
59 I
43
19
59
48 I
41
96!
9
15
45
124
68
103
41
103
79
49
73
8
41
24
14
60
41
20
69
48
I
16
"s
5
6
10
3
I
I
6
3
1
3200
300
800
5500
200
300
300
2000
600
100
300
180800
400
1100
250
400
1100
200
2P0
100
5400
5000
200
200
65
Fnlon Pacific 121
t'nlon Pacific pf 70
United Alloy Steel I 40
Cnited Cluar Stores ' 97
United Ry Inv 9
U 8 Cast Iron PlpeAFdy! 14
U Qit Iron P A Fdy pf 42
148'149 148
U Industrial Alcohol.
U 8 Rubber
U Rubber 1st pf
U fl Smelting. RAM..
V S Steel
Utah Copper ox dlv, . . ,
Va-Caro Chemical
Vn Iron, Coal A Coke. .
Wabash
Wabash pf A
Wahash pf B
Western Maryland . . . .
Western Pacific pf . . . .
Westlnghouso BAM..
Willys-Overland
Wilson A Co
Wortlilngton Pump . . .
124
. I 58
.'103
. 41
.1102
. 78
. 49
. 72
8
., 41
.' 24
I 14
Hi) 54
122
'70
41
97
9
14
43
124
58
103
41
104
79
49
73
8
41l
24 I
14,l
-is
69
84
24
61
45
40
95 '
19
148
641'.! 64 -M
121,121;
.0' 70
40 40
96' 96
69 I 59
44 I 41'
20, 20 I
69
47
0:1 ya
48
9
14
42
123
67
103
41
102
78
49
72
8
41
24
14
59
43
19
69
47
9
14
43
123
58
103
41 Vi
103
79
49
73
24
14 I
itj 'a
44
20
69
48
Odd lots. Note Odd lot transactions are not recorded in soparate
unless sales were made at prices outaide of the regular full lot range.
1
1
2
"
1
1
6
1
4
1
2
"
1
1
1
"
"
1
1
line
MISCELLANEOUS STOCKS.
Bid.
Am Chicle., 4
Am Ch pf.
Am M A F.
Am Type F. 34
Am t r,s . ;
A HTSJ.M
Atlas P C 2i
llarnli Broa
aV Spin 1 p :
Barnh Broa
A Spin 3 p 70
Dor C Milk. 94
Bor C M pf so
Iln.h T nl.. SO
CelluloM ,.,14
Chllda Co.., 70
Chllda pf... 94
Col Grapho, U
Col Or pf IK
Crk W pf... H
Ulitn VO.174
Aak.)
M
7
5
34
H
Bid.
Gray N T... 4
IIOCK V IT..
Int Silver pf ..
Lima Ixic p 7J
Mich Umi H
Mich I. pf.. 29
Nat Catket.. 93
N J Z nw st.s::,
Otis Eler... 44
Otia Elev pf 74
Phelps I.,.,2Cj
i-ran a w pn
Rem Type... 13
Rem T 1 pf 73
Rem T 1 of 44
Ky Bk Par, 123
By B P pf.. M
8i(CH 1 L17
Singer Mfg.. It
was c Kerr.
W C Kerr pf 77
Aak,
3
104
"4
t
19
23
Ml
::s
7
273
93
la'4
W
133
91
171
19
SUGAR STOCKS.
Bid.
Card Am .. 11
Canl Am pf
C Agiilrre.,!SI
Fslardn 1K
Federal .... to
Federal pf. V0
Gt West ...290
Gt Wrat pf.KI
Guantanamo M
June Cent. .130
Ask.
30
m
11;
101
n
94
3V
101
M
ill
Bid.
Manall .... io
Manali pf. , 9t
Mat, Am . . 4
Mat-Am pf. To
iMicblgan . . 73
National .. !,
'N Niquero.,170
19 Ce. llia , . SO
IS Ocilla pf. 47
tWarner ,, ,,100
Aek.
10J
!'4
10
HI
;i
IS!
21
M
110
00SBIP OF WALL STREET.
Price. Advasiee,
Though the speculative trading showed
no signs of lessoning Rctlvity yesterday's
stock market session boro evidences of
realty Important financial and banking
security buying. In a number of houses
usually associated with purchasing ot
this character, It was admitted that some
leading 'Wall Street interests had re
newed their market operations, though
It Was emphasised that It waa purely In
vestment buying; prompted by the feel
ing that final victor' for the allied cause
would bring stock and bond prices more
In line with their earning values. This
feature ot the market waa much more
Important than the day's, price changes,
which were generally higher, for It In
dicate as much as anything this coun
try's belief that the enemy will be con
QUered. Steel common led the entire
list, advancing to 104, nnd closing nt
a net Bain of 1, Other Industrials were
strong 11 nd more ncltxely dealt In than
011 any pievious day this month, with a
fair dlrplay of strength In the railroads.
More Wlne for Sappers.
One of tho questions before the special
committee njipolnted this week by the
governors or the Stock Mxchnngo to
study the matter of Increasing brokers'
commission rates has to do with charter
ing tho unit of trading from fractions to
decimals. That is, In place of the pres
ent fractional figures, it Is suggested that
tenths be used and that the commission
charge be two-tenths Instead of the cus
tomary one-eighth. Thla Is an novel aa
It Is radical and would mean that bro
kers would receive J 20 each way on
every hundred shares, nwlnst the $12.50
now in vogue. One advantage for the
trader, however, l that It would per
mit closer trailing, being practically the
saniH as the present Liberty Bond Issue
dealings, though the most prominent fea
ture of the-.ilan is thJt It would increase
brokers' profits. How traders would feel
fcbout paying $40 commissions hi addi
tion to taxes nnd Interest chaises Is not
known, as they have no authorized
spokesman, but it can be easily Imagined
that they would not be exactly bullish
over the revolutionary proposition. Such
a change would involve the alteration of
the present stock ticker, brokers' quota
tions boards and newspaper stock tables
and would greatly swell brokers' incomes.
And, as one professional trader summed
It up, it is the best argument for killing
public participation In the security mar
kets that ever came to his attention.
RAILROAD EARNINGS.
TOLEDO, ST. LOUIS AND WESTERN, V
First wssk June tl44.MCj Inc. Is. 234
From January 1 3,014.301 inc. 191,91;
GRAND TRUNK SYSTEM,
First week June li.lW M Inc. 160,473
rt J 1 1 4jlil a,(af 'ull nil" nui
Telephone and Telegraph.
Announcement that American Tele
phone and Telegraph contemplated new
financing did nnt surprise Wall Street,
whispers of such sctlon havlnsr been
current for a week past, as much as the
fact that the most Important public
utility corporation In tho country had
not been assisted by the War Finance
Corporation. The company's stock was
naturally sensitive to the news and de
clined 1 to 97 ' on moderate selling.
Hide anil Leather's Plan.
Details of the readjustment plan of
the American Hide and lnther Com
pany aro ptactlcally completed and
Include the paying nfT of the 117
per cent, unpaid preferred dividends
through new preferred stuck, to be
given to present holders un the basis
of 64 new shares for every 100 old
slock. To accomplish this without In
creasing the company's capitalisation,
as outlined In this column yesterday,
the Hide and Leather $8,500,000 bonds
will lid. retired and an equal amount of,
new preferred stock Iwued. This would
bring the senior stock up to $21,000,000,
while 'leaving the $1 1,000,000 comrtion
unchanged. It has been figured by tne
company's statisticians that under the
proposed agreement It would be possible
to meet the 7 per cent, annual preferred
charges and show nbout I V per cent, on
the Junior Huie. at the prewnt rate of
earnlnr," The success r,f the plan
hinges on the will of the preferred
stock holders, but there is little loubt
they would aciept the offer, an it means
the wlpitis out of all the, present ac
cumulation on their etocks.
A Private Transaction.
Standard Oil Interests are credited
with having prlvatel acquired a 140.
000 shnM- block of (.rent Northern Ore
stock from a leading financial man, ac
cording to a reliable Stock Exchange
firm KnowlerIg of this transaction In
conjunction with the company's sub
Ftantlal earning! Is believed to be ic
spoiisihle for the buyitiK of the Mr;k.
This fact may lu reldfd to the Vorv
printed here a few day- ao of certain
negotiations pending between the Colu
rartn Fuel, in which the Itockefrller In
terests dominate, ami the lirest North-
tunici,, jcanniir.K tne leasing
of the latter's undevehrped 01 e fields to
the fuel company
A .Number of X:
Seventeen usually actle Isnues wen
ex dividend jesterdjy, nf which six re.
covered their full disbursements and
scored gains from an eighth to a full
point, while six failed to make up the
dividends. Five of tho stocks wore not
dealt in. American International Cor
poration moved forward a point. Rail,
way Steel Springs Lehigh Vallev and
Chlr.o Copper each, with Anierloin
Woollen and Nevada recording t each.
The stocks which sohl off Included the
Texas Company, Mexicjn Petroleum.
Lackawanna Steel, IJeshleliem Steel B
Rav and t'tah, while those not traded in
were Chicago and Northwestern, Beth
lehem Steel A and the preferred, White
Mntorn and Maxwell Motors first pre
ferred. In no Instance did nnv of these
Issues lose their full dividend. Texas
Company making up 2 points of Its dls
bursement, Mexican Petroleum 1,
Kickawanna 4, Bethlehem Steel I! 1.
Ray and Utah 1
nallroad Decent rallselton.
Director-General McAdoo's latent moe
toward decentmllzlng railroad manage
ment has encaped general notice and
the Hf!lwny Ayr's comment-. 011 the
cJiange contain miido Interesting thoughts.
'The Itailroail Administration." It says.
"Is beginning to decentralize its organ
ization. This Is 1 gratifying tendency.
Decentralization will contribute toward
Increased efficiency of operation and at
tho same time render it practicable for
the railways to deal more satisfactorily
with local conditions, since Government
operation wjs adopted the Hailuny Apr
has several times commented on the dan
gerous centralization of management
which was occurring. We have also sug
gested a reorganization of tho railways
along regional lines uflcr the war as
having more proapectlvo advantages nnd
fewer prospective disadvantages than
any other plan which could lie adopted
under private ownership and manage
ment. Tho Uillnuil Administration
originally divided the country Into three
regions, eastern, southern and western,
and put .1 regional director In charge of
operation In each of them, The Rail
road Administration has now divided tho
eastern region Into three regions, and
It seems probable' that It will find It
expedient to subdivide the western and
southern regions. If this Is dono it will
plice In charge of the rejional directors
mileage of railways whose operation they
can supervise moro effectively. It will
also give opportunity to compare the
results gained on different railways In
the same region nnd on the railways In
dlffetent regions In a way that will be
stimulating to operutlni; etllclency gen
erally." An Old "nit.
Wall Street was greatly Interested In
a sequel of an old option Involving tho
Chile Copper Compnny, the Guggen
heim, and some Boston parties, which
cams to light through the filing of the
report of a special master appointed to
hear the evidence. In brief, the case
was one In which Louis Ross brought
suit for $2,500,000 against Albert C.
But-rage, a vice-president of the Chile
BONDS IN NEW YORK STOCK EXCHANGE.
. V0 Friday, June 14, 1918.
- .
1918. 1917.
$4,985,000 $2,705,000
660,363,000 453,725,000
RANG 13 OF LIBERTY BONDS.
Day's sales ,.
Year to date.
...V
1916.
$2,927,000
468,937,000
U. fl. Liberty 3...
U. S. Liberty 1st 4s..
U. K. Liberty 2d 4s..
U. 8. Liberty 4s...
Open.
. 99.60
. 94.70
, 94.66
96.68
High.
99.70
94.70
94.82
96.74
lxiw.
99.60
94.60
94.56
96.50
Last. NetChrs.
99.68
94.76
94.60
96.58
.10
United States Government Bonds Detailed Transactions.
CS UbertTiH
17IOOO... 00.40
aeooo..,,oo.si
200O0.... P 0.44
5000... 00.44
11000.. ,,00.11
30000..,
aooon.,,
I 4OO00.
2SOOO..,
1000..
10000..
1000,.
2000..
7,000.. .00.41
30000.... OO. II
24000 ...00.43
171000.. ,00.11
s ooo. ..on. io
39000.... OO.Il
1I0O0.. .,00.44
171OO0.. .90.44
10000. ...00.41
1OOO0O... OO.70
4000. ...00.43
OO.H
00.44
00.44
DO. 14
OO.IV
OO.I1
1)0.11
OO.M
OO.S1
OO.I
81000.. ..D0.M
a 000... 00.44
88000.... 00. 4)
U8Ubertrlst4t
10000.....70
irooo.
7000.
3000.
9000.
1000,
0 4.40
0 4.70
..0 4.44
..04.70
,0 4.43
1000.. ..04. 70
MXX). . 0 4.71
USI Per4TM 4s
7f 000.... 04.41
1000..
SK0OO ,
11000.
16003..
30000..
1O0O0.
400O0..
10000.
0 4.3
04. 00
.04.44
.04.70
.04.74
.04.89
D4.H3
.04.73
S000....O4.74
ftCOOO....O4.70
34000.. 04.M
44000.... 04. 74
1000... 0 4.70
1000.. ..04.13
1 OOOO. ..04.44
10000.... 04. 44
14000.. ..04.(1
21000.. . .04.40
1000.... 04.34
1000.. .0 4.11
2000. ...04.)
(000 ...04.11
ltOOO.. .04.43
1000.. ..0 4.41
1000.. 04.34
37000... 0 4.4)
tOOO .. 04.01
26000..,. O 4. 4 1000 ...04.44
10000. ..04. 44
37000.... 04.44
S000....D4.U
170OO.... 04. 70
10000..
KOOO..
(000.,
4000..
1000..
100O0.
.0 4.74
.0 4.71
.04.71
,0 4.74
0 4.72
0 4.74
Sftotm. .
4000...
23003 .,
3000
8M00 .
4000.
2O0OO. ,
2000 .
200000.
2000,.
1000,
SOOOO....D4.7l2uOOO.
0 4.11
.04.4)
04.44
.0 4.33
,04.10
0 4.31
.04.34
.04.31
. 0 4.30
.04.13
0 4.34
0 4.31
l.VXMl. . ,04.7a
20000 ...04.14
rooo....oA.S4
14.43
,04.41
.04.41
.04.13
0 4.11
04.12
..04.49
..04.11
,04.43
11000.... 04.11
21000. ...04.44
3000.. ,.04.40
US Liberty 4 it
29000.... 00.84
1(000. ...OO.ro
lOOO... OO.H
..00.71
..OB. 70
..00.74
0 0.73
7S0OO.
7,000.,
13O0O..
irooo ,
KUOO.C
10OOO
I4IOOO.,
22000..
1OOO00,
7 WOO... 04.34
60000... 04. 34
17000.. ,.04.11
1000... 04,44; lOOOO
4000
10000
44000,
3fiOfl0. .
1000.
(000 ,
43000. .
6000.
1000.
3000
?000.
.12000
38000
1.1000.,
16000.,
40000.,
10000.. ..00.31
MOO.... 00.14
S000.... 00.11
.00.11
.00.14
.00.(4
.12000.,., 00. 30
IROOO.. , 00.11
6000..,. 0 0. 14
s ooo.. ..oo.ii
3000.... 00.34
3000 .,. OO.M
on aihllOOO ...00.41
.00.41 20000.. 00.34
.oo.mI rooo..
.U 0.44 14000.
..90.44,17000..
..06.44 i:ooo..
..DO.M'IIUU"
0 0.14
..00.41
2&00....OO.W
6000. ,,0 0.43
17000. ...00. W
12000.... OO.M
1000.. ..00.11
...00.34
.0 0.3)
,0(1.11
.0 0.11
0 0.34
.OO.M
15000 ., 00.11
7000..., DO. 34
1000... OO.M
26000 ...00.44
iooo. t oo.sd
4,000. ,,,0 0, M
Railroad, Industrial, Foreign Government and Other Bonds.
Am Porn gee aa
1000. ...007s
AngloFrenrh 4s
2000 o lia
cooo.,
14000..
1000
rooo..
iooo
16000.
cooo.,
10000
iooo.,
.0 lis
.,.0 1 7s
. 0 is,
.. 0 1 7a
. DIN
, .0 134
. 0la
l I 111
0 13.
French Bep 4a
10000 0711
61000. .,.0713
City of Bor
deaux as
6000 00
CltyofLyons 4a
2000 8 0ag
12000. ...801a
C4ty of Mar
aetllaa is
7000 801a
aty of Paris is
oooo Ha
16000 .. . BWU
6000 83S
2000.... 8UI4
United Klngdm
imilllnsw
3000... .00 I
12000 .
1000
4C0OO...
sooo...
2000 .
10000. .
2000. .
2000..
IMI
15000 ...0 1 34
6000 . Oils
Tokyo M
3000. . 8 0
NY CltylHsS?
Nov
1000 0 03a
NY City 4Wi4l
IOOO . 007s
NY City 4 Us 4J
1001) ., OB's
NY City 4i 1919
TOW OOU
AmSm.ltAR is
1000 B7U
Am is rit
1000.,
1000.
600.
600.,
1000 .
HOT,
...HOIs
...sola
...sola
...801a
Am TAT elt 4s
IOOO ... 818S
3000. ...8 llj
2000 ...,81S
ATASr gen 4a
0000. ...801a
2000. .. HOlg
6000 .soia
.eoig
00
.00 1
.00
001a
no
.11 Bis
HO
IHs 1119
1000 . 0714
1000. . ,07tj
IOOO . 0 73.
ivts mi
1000. . 048
1000 04ia
IOOO II4IS
7000 O4I4
4000. . 04lg
United King (s
2000 0 011
IOOO . OOS4
3000 . 0011
Dom Canada la
lilt
6000 023b
2000 . OUIft,
ATAHP adj ,U?2.
stamped
60OO. .. 741a
Atl A Chart Is
3000 . 03
1000 . 03U
II AIIS ISM
SOOO. ...80
1000 . 80
B A O ev 444a
.1000. . 7 03
COOO . 7 03)
uaitau gold 41
SOO ,. 741j
looou .. 7014
2000 . 7 A).
B.ilutUhio 3s
1000 . 87
lUlt.tOSW J'n
2000 833(1
Beth SU la 1941
7000 .. Ha j
Bkn Rap Tr 3s
111!
33000 ...0 734
11000 .. 0 7 3
631)00. ...0 734 1
Bka Ran Tr 3a Kriecv4a aer B
1911 2000... . 4HIj
osooo e n F.ne gen 4a
3000 ,. 0 8l 1000 ,.,04
cooo.... 08 1 iooo. . a a
22000..,. I) His ErlenvlaserD
10000. .. 08S) 1000. ,,.a3
12000 OHIj Granby M cv
10000 . II His es Scries A
100U . 0 8 6000... 0 0
10000 . 0 73i Orcat Nor 4 'is
40TH! , OT'a zono. 8 7
30000... 1173a Hnck Vat 4143
1000 . W7ig , IOOO ... 70
31000... .07 nudMaoadj
10000... ,007s 10000 2 1U
naii nua a n rag
Cent R R N J Is Is Series A
registered 1000 a OS.
2000...10UI 9000 aOOs
vnea a unio as Indiana Steel M
6000 0 034 1000 oa
2000. ...07 loterb R T ref
sooo .. .won la 1944
OA Oct la II 1000 81Sa
1000 8054 3000 81
0000. . HOSj Interboro - Met
2000 . 804 ml trust 4Wi
9000 ...sola 3000 aa
OBAQjotntu IntAgrCorpts
8000 .'.04 1000... .73Io
3000 ... 0 37a IntMSIarine as
2000 . 03?g 16000 0 01a
04 I 1 rvwi oni,
ICblOtWrst 4a I 20000!'..!! 0 01a
6000 .. ft0l4 3000 . .OOla
OUAStfCV 18000 . OOS4
' . I losra Cent Ht
4000... 741a 1 3000 . 4 4
3000. . .73 LacIedeOas fdg
10000 74lg 8000. . 80l2
OMA8H- fd L8MS4sI93l
I 2000. . 8 4li
1000 6 7s llMvaie Steet fri
f.-blMIMStr 4S KOOO. . 8 7
' 1000 . 87lj
1000 . 70 .Mo Vac is 192S
ChlltlaF rf4i 1000 8 7a
.1000 . 0 7 Mo Pac gm 4s
Chllo Copper M inoo . a77g
anon 7hi8 h,oo . as
2000 7 81g' 5000 . 38
part paid eat ,ont p,,,. M
. ' 8 iooo .. 80
CCcastUm44 inoo . .8 878
1000. .04 LiYOon debt.
Distillers Meels 7000. . 04I3
1000. ..8 7 1 IOOO . 0 46a
Erie rv 4a ser A HKKl . 04'4
4000. . 43g ' IOOO . 0414
NY Tel gm4
mat sua
3000 8 His
10OOO ...H6I4
N Y Cen 4Vjs
1000 . 87
N Y Cn del) 4i
2000 . SO
N Y N II A II
rv 3Vji
1000 ... 62
Norfolk A U'4
1000 ., H01J
6000 . 8(1
NorAYV cv 4lyi
14000 ..I 04
Northsra Pac4i
1000 ....80a
3000. ...8OS1
NorthernPae 3a
IOOO. ...ao
Pac Tel A T ts
3000 001a
PennagmiHsA
3000... .8784
1000 ., ,87ia
3000.... 8734
Per Slarq ts A
4000 8 1 la
1000 ,. 8II4
Reading gm 4s
2000 ...82I4
1000. . sais
StLASan Fran
Series A
7000... ao
StLARan Fran
Rerlos B
6000... .7414
20U0. . 7 41s
St LA San Fran
adj
1000 ...07
Stl. A Ban Fran
Inc
2000 . ,401a
St LH Wis
24000 ...58
Seelxl A L adl
2000 . aaig
aeabd ALrof 4s
1000. . .VI 34
Sinclair OH 7s
1000. . 0 079
1000. ...01
warrant.
40O0....O2
SonthPac ref4
2000 ,.,.7 84
1000, . .7 811
South Pac ev M
3000 00 la
registered
1000. . ,801a
South Pac cv it
3000. . 701a
South I'ar4
1000 j 72s
Snl'arHFterta
1000 ....78
Southern Kyis
1000. ., noia
iooo. 80a
South Ry gm 4s
sooo. ...111514
7000. ., oa
7000. . .0 I 34
Texas Oo cv Is
000. . .08
Third Ar adl ts
6000. ...33
11000 331a
Union Pac far 4s
2000 . 70
Un BR SF fdg
Un Trust ctfs
1000 . .23
US RealtyAl 6s
nooo ... a 1
V s Rubber as
2000 .100
U S Rubber tl
16000. ...80
000.
1000.
1000.
13000
3000
7 07
704
709g
7pia
703s
U 8 Steel af as
6000.
4.1000. ,
3000.
1000.
3000.
.073a
,.07ia
.07ia
,07ia
U7Ig
registered
10000... V71,
Utah Power la
000 . 83
Virginian Ry Ss
2000. ...HB2
West Shore 4a
1000.,., 70ia
13000 . .701
Wilson A Co li
IOOO .. 0434
Wis Central 4s
2000.... 7234
BID AND ASKED QUOTATIONS.
I'. S fiort Bonds.
LlliertT 3'y. - . .
Liberty lt
Liberty :d 4s. ...
Liberty 4i4s
2s, rrglsleted
2s, coupon
3., registered . .
Is, coupon.
3s. registered. 1941
3s, coupon, 1944.
(, registered
2s, Panama, registered
2s, Panama, 193 reg
3s, Panama, registered
3., Panama, coupon
June II.
Bid Asked.
.S9.r: 99.64
..94 70 HM
.94.54 94 ft)
June 13.
It Id. Asked.
99.(tt Sr 2
94.14 94 fl
94.34 94.60
94 11 94.70
94 94 94 934,
m :
99 It.) ! lM
99H V9S,
3 3
HI 1
105 1C7 io:. 107
97 7
97 V!
41
45 .. 45
Bul. Aaked. I
41
?
KM
64
65
I ir
Closlng prices of stocks in shich thete
were no transactions yesterday.
B.d. Atkcil.
Arisms.Rx 64
Alaska Jun 1',
Alb ft ?u
AmAfChm 5
do pt 931,
AmBkNole M
do pi. 4I4
Am II Suit (W
do pf "
AmCati I'l
Am Coal (
AmCntO Pf 74
Am Bxp 5
Am li I'l 4
Am Loc pi o;
Am Malt V,
Am Ship 114
Am Snulf ?'i
do pf., . 41
AmStlFdy 4
AmSur t.K
AmTcilipl 93V,
Amreiaw.'.
(i'.i CenSoATl .nw
ISlCertPd ist k
179-, 1 do 3d. .. )
vh Chi It Alt 7,
;.j ChlPnTl W
Chi NW 91
ir,
But. Ai'rird.
101
S1
K.',
1,41,
1ft
7'l
91
1311
lr-
,. 33
do nf
CSlP A O
io pf
.JH, Ct"C A tl
III! II ' "
l- OlellMIJ
Clueti Pby 44
do pf
Col Ci it K 32
Col r-n 1 pi i
tin 2 pf . 41
Comi Tab . S.V,
Con Oa.. . sj
ConG nf II M
Con Can 1
dp' pi . M
Con Insur. 41
AmWool pf K SS', trex yarpet tl
ADO I Pf.. 47 61 . 'n I'r P' ' V.
1S
Asa'e'4d Oil f
AT SF pf J2S 34
,IU Edlon 1011, 101',
JlJ Ien ti a O 4 r.
uu iu e
Pt A Mck 60 k;
lll
li",
:tr,
'inn
no
94
60
do 2 nt. 3
Assets Rlty 1
Atnir a A. '
AtK'oaetL. 91
AG4WI pf.
Batopilas 1
Hald T, pf . .7t, l
tl A (I pt . ?a u
Barrett pt . 9W 10;
Beech Ck
Iteth Steel M
do 7T. pi 41 '
do pf..lM !
Bklrn U O 77 k
Brown Sh., 63
do pf.. .. 95
Buff R 4V P 42
do pf . 9
Burn. B pf.lin
Bush Term .
Call Pack.. 401,
Cal Pet pf. 63i
Cal Ant 6.5
Can South.. .
Car Clinch ..
do pf . . , '
Cav nf , hi
Cen Fdv 15
nio pf . 45
rLeath pf ill
CrtHofN.1 w
13)
35
ir,
"1
Ml
pv.
r.'i
in
44
Oil,
72V
M3
:5
V,
!!!'.
CubvCn pt Si) "M)'
CubASus 144' '160
do pf 95 !
Del A Hurt MS 1H
l I, at vv .iai ui
15
do ttf
DulSSAA 3
, do pf 7
Dome Mm 7',
F.Ik Horn F 2S
do pf .V,
F.ne A Pitts
Fed MAS. 11
. Fisher B nf S2
-''
47
70
II
si".
a. . risnrr n pj
(inChm pL.lOft'i inj
I On Caa pt 91 ,
Oen Mt pf 4j vjv,
(iondrich 4.K. 4it-
' (it Nor pf ', '5
J, lOulLMAN 1 12',
Ji do nt . :',
?! ; fiuir s stl 41' ..-.
do nf . 6t 'id:
Hartman . 41', 4,,
HarT N .1 12T1, 129
no pi
llarv Co
do pf
lis A likr
Hnnteslake
141
r,4
i;
14(4
22)
109',
15,
. 91
(4
6.5
61
'-'4
In B C nf.. 40
Int Nk pf.. w',
Int Pap pf
do st.. .. 63.
Int Salt. M
Ioa Cent, .1
Jeel Te. S2
do pf . . 92
KCFtS pf.. .V.
KanCSo pf. w
KelSpTr nf 75
Kel Whel 34',
lo nf.. .. k3
Ken ADM 2
do pi... .
Kress S II r.3
do pf ..103
Kings Co B ',j
Iiclele Oas ii
Lake F. A 5V
do pf . . 14
IJgr A My'l.V)
Lonllard . 163
rio pf . l
Loose-Wiles 21 22
do 1st pf 5 vs
do Sd pf . 61
Lou A NaslISi 116',
Manhattan 93 'V')
Man lleach ,
Mm Sup. 40
do 1st pi
MacUay 711,
Math All! 3.5
Mxl 1 nl .,2
do I'.I pf 11
Mex Pet pf 3
Mlfll Cen . 9.",
MAStl. new !V
-MistPASSM 44
do nf . ion
lo I. I, M
Mn K A T r,
do nf 7
to Pac pf :.(
Morri A E 7
Mon Power 64
do pf . . lOO',
Nah('ASlI,105
Nat Huruit 91
do nf ..111
NitClkAS ., 6!
do nf . ;4
NatEAS nf 91
Nat Lend i.
1I0 of 9.)',
NRofM 1 nf .
i'n 2d nf -4
-u 1 esA.M
NYt.AW.
NYCA-HL.
do 1st pf If
'lo 2d Pf 2
NYDook pf 44
NYOAW... -,
Norfolk So. 16
NorfAW pf ;:,
North Am . 40'i
Nova S Stl r,9
OwensHAM r,9
do pi ,.104
Pac Coast . o
do 1st pf. K
do 2d pf . 5.5
Vao M pf 102
Peoria A E 14
P.!" T A T 2"
do pt To
Pan-Am pf St4
Bid. Asked.
11
l(
.15
.VI
74
29
9.1
M
il
:,v.
93
s;
"V
24
1T0
179
103
:.o
97
SI
:o
91
101,
JA4
:
9
ft.
t
i'i
V,
112
76
K1
94
.',
154
!
14
70
43
51
21H4
17
74
15
6.)
3
M
120
.5',
21
Pere Mar ct Ui 12"4
do p et .. at 36
do p n ct, 1,6 r.7',
Pei-Mul, , 33 4.5
fo pf,. . ts; nil
Pierce-A pf 90V 07
Pitt CI pf.. H 34
Pl1IFtWCJ,123 154
Iltt Stl pf. S91, 90
Pond Creek 1 20
IV Stl Car. IP, .2",
do pf . 9j'j :,"
Pub Serv 101 'M5
RySIISp pf. ;' 3fi
Rep Stl pf 904; iw;
Head 1st nf 3C, 31
do 2d pf.. SSi, f
Sav Arms. 74 vi
Sears Rocb.13.',, 131
1I0 pf ... 114 'ISO
Sloss-Sh pf 94 95
Sll-SF pf 26 27
StLSW pi. 3.4 0
Shattuck .. 1st, u
SoPortnSus l.'.l 170
do pf.. . ; un
Stilts Mot. ( 455,
Stand Still . 9; jni
do pf . 7 m)
Sllldebk pf 7.5 so
Texas Par 1.51, 1;
do I. T . 13.5
Thltsl Ae. 1S4 19
TidenaterO.lM)
Tob Pro nf 91 9.5
TolStLAW t
do pf .5 .
do t .3 1
rio pf cl 11
Trans A 14' ST'., 4
Twin City . 374 4:
do pf 1.5
Liulcrwood. 'n',
do pf. . io;4 .jixi
V Bag A p. 75 o
I'n Pac nf. T' ri
UCigSIs pf M2
Un Drug . 70
do 1st pf, 41,
do 2,1 pf..
U S Exp isi,
I'n Fruit .121
rnByln pf. i
USlnllc pf ki,
USRItyAIm IS
t'SSnielt pf 431,
L'SSicei p( nl',
It ah sec. 1:
Va-C C pf, in;
Wells Far To
Weth 1 pf ts
W Mil 2 pf :i
"est I'ac. 11
M'est I'n. . 91
Wh A I, E. 9ii
do pf .. y.
White Mot (I
Wilson pf .
Willys O pf SI
Wis Cn. . .-,5
Wnolworth.1l:
do pf. .. HI!; j,;i4
41 then p A 6ia so
do pf B. 67, fji,
Ex dividend
111
75
494
744
174
li.)
15
4
115
13
110
77',
f7
tl
W4
94.
'.'1
(2
111)
H
3$
II
9l
Copper 4'oiup.iny, Koss having sued for
3 per cent, of (he profit.', he believed
Iturrag realized through the formation
of the Chile Copper Company Thomas
W. Proctor, the master appointed by
tho court, reported In fm-or of lloss, who
first brought the copper deposits of
Chuqulcnmnta to niirrage's attention In
June, 1910. On Investigation the ("Jug
genhelms became Interested In tho prop,
erty and the Chile Kxplorntlon Com
pany, with 10,000 nhnres, was formed, of
which Burrage received half, which he
exchanged for 1,000,000 shares out of n,
total issue of 4,000,000 shares of the
Chile Copper Company of Delaware, the
remainder being held by the tliigge:i.
helms, The question whether Hos Is
entitled to half of llurr.iite's Interest
was not decided in tho master's report,
being left for the court's decision.
METAL MARKET.
June 14. .lime 13.
BUI. Asked, Bid, A.ked
Lead, spot. . . . 7.6,) 7,51 77,5 7.474
Spelter. K S I, spot, 7.45 7 73 7 53 7.63
Antimony ... . 13.t2'i 1.1.31', 13.12'j 13 374
Aluminum as.ro 3.1 no
Oillrkllter . 4111.00 1121 to 1114.00 IM 00 -
llg iruii, .ii. 1, r ,. . aj..t , as 23
Pig Iron, No. 2. XF . stl 21 34 ;i
Pig Iron, plain No. 3 . . 33 "S it 71
Plr Iron, basic MOO 31 w
tlltta I..,.. lv.. S -,t .A
Pitts,. Uss Iron. S4.M
Pills, lie.s billets. 47.61
Copper, (ioTernnifnt price, 23 SOc
Ol.O .MKTAI.S.
.16 30
47 SO
(Quotation! nominal rents
Ilnylng
Copper-- prices
my rut and cru...,2l.t(W22.M
Ht and wire il.OOil 21f,o
Lgt snd bottoms 110020 00
Kry marh comb S3 0OA23 O
Brass, heavy II (0014 00
Braaa, light llOOtill.tf
No. I dean brass, tur.lt 6011.00
No. 1 romp, tor II 60O19.00
Lead, beary 4.2i 4.10
T.a Uad I.tlfr 1.14
tine icrap a.i.t) l,v
pound )
selling
iricea.
a2i.ia
22.2.1 A22.60
21.00 61140
21 00 4124 00
13 23 OHM
12.21 012 M
13 CO 014.00
WOO 91100
4.71 7 04
1.12441 4.M
t.2;V'i 42
CONSOLIDATED EXCHANGE.
Net Increases from a fraction to more
than to points were register?! In stocks
at the, duso of an active market este'
day on the Consolidated Stock KvVhunge
Final pric4H were better than tho low
levels made In tho mlii.iiisrnnn ,..i..
under the pressure of profit taking'values
.....,. r.,.iiiiv unm r.cnri
made, shortly after tho midday period
Trading Interest centred In the Industrial
list. .Steel common wns the ouistnndlng
feature in the, day's transactions, In
croasoM of mote ihmi n ttint 1 .
, . "' I" iii.tiltt
in the other steels, though the entire
kiuui nu' iinoiu ,1 point below the h,gh
mnihs of the session
Copper Issues were In Soo,l demand
and closed with siihstiintl.il Bains. s.
perlally Inspiration, which had a net ad
vimce of almut two points. The railroad
group attracted little attention excepting
Heading, which after holding steady
during the greater part of the, evasion
was In good demand at the close. Uald
wln Locomothe was very acthe, and
closed with an advaiv-o nf K,,i ,.i...
and Improvement was noticed in the
....... , , ,,u,,,,riu enures, Mpeclaltlcs
were slightly lower, as were the motor
stocks, with the exception of (Jencral
1 .",,' ""t iractionaiiy higher.
, 1 railing In Liberty 1oan bonds) was
j active.
J Kxporta Train York.
Kxporls fiom New York yesterday In.
chilled: Corn, ,14, 61 7 bushels; ,(r,.
"c.,i,i,u iuj. , nour, a... libis. ; bacons
108,150 lbs,, lubricating oils, D1S500
gallons,
Custom House llrvrlpt.,
Ilecclpts for duties at the Custom
Hmisa yesterday were $464,299.11, of
which 182,520.14 was for merchandise
withdrawn from bonded warehouses nnd
1381,778,97 tat recent Importations.
WAR SUPPLY PLANTS
GAINING IN NUMBER
Oront Progress N'ofcil in Ailapt.
iiij? Factories for Mili
tary Work.
LITTLE CONCERNS CI,0SE
200 Small Jrnnufacturers in
Chicago Shut Down Bemuso
of Scarcity of Stool.
The greatest single week's progies i
the siilfthiK of the country's Indu'tr;
from "buslncsH as usual" to the inotr
pressing requirements of war I., n,u,
by the weekly trade reviews, which point
out that ordinary business 1.4 gcttli,;
closer to a cash basis and that the rim.
ernment's disbursements now nverags
about $57,000,000 dally. Bradttretfa r
view says In part :
"The country's preoccupation n tn
war becomes moro marked as the yttr
advances, and the phrase 'business.
usual' seems to have less apnllcat.nn
than ever before to American trade a.
Industry. Commandeering of men and
mater! lis goes on apace, and itre.T
changes from ordinary times aie ner,
Further improvement In crop pt '.'specie
and some betterment In tei.ill 1 1:1,1- ac
company increased evidence of the i;0
ernment's domination of products e ef
forts, ranging, us these do from lien,-,
ordnance to ships and thence, to clothe,
or buttons, and in the circumstances
normal movements In lirger lines nat
urally are circumscribed.
Trade In Staple Product. Active.
"Notwithstanding that Government In
fluences are so overshadowing, trade r.
regular staple products Is relatively ac
tlve, but the situation is considers!)!'
vexed by paucity of foods, uniorlnlnt
as to price regulation, and rontinui
depletion of the country's man pmer
for all but the prosecution or the proS
ucLs of war. Indeed with the nanim,
of the weeks comes unmistakable, ind .
cations of the Government's ue-ire to
subordinate ulmost every non-essential
to tho moro pietslng requirement, '
war, and In consequence dlfTetent plant,
are taking up work that will eientui'l'
accrue to the jdvantage of the a -my an
navy, or else they are perforce cuunn.
outputs.
"A corroboration of the foic.itoiMe 16
furnished by a statement from cinoip
that 200 mall manufacturers in ihi
city me forced to close because of liu
of steel and coal, this belnp in line w
the policy of concentrating on war v or'
From oil over the country com- iepo n
of short stocks or delayed shlpiner.,5,
and in textiles the prospect of ;ir:.s
regulation 'has superinduced a disposi
tion to go slow in respect to futme coir,
mitments, caution being paramour,: '0
the necessities of a strony latent de
mand " '
Cooperation of Interests,
"Great fundamental changes, a, -.I-lug
to Dim's Krvinv, "affectins hoih dn
mestlc and foreign commerce are f
frequent occurrence and cause cm - mo"
able hesitation, but les ims"l. ".1"'
and confusion than might have hten --v-prcted.
Close cooperation betwten ""
vote Inteiests and rtpresentatlvo '
Goiernmcnt, promptly effcoted 'ttif
ever the occasion requires It. renders t
many economic adjustments cash- r'
accomplishment., and the nbsvii e f
conspicuous disturbance In an f-Ja"ii
rontinues a gratifying aiyl iei:'j-ir-f
feature.
"That the centring of enerr.les " "is
vigorous prosecution of the ivnr n7'
still tighter restrictions oil onini.T'- op
erations there has been clear re is-
tlon, and hcarcely a week v
out the development of rome acn, -i
tug a larue bearing oil the fntu-e . .
of business. The moiemen' t"a '
more complete concentration of ip"
tlon's producing forces on wmi. ' '
mot essential charartf.' pro.;'-.
steadily, and about all o' th- .ei l'
industries and trades are enmme 'r
virtual Federal supervision n' " '
to the regulation of outputs .tint i -portionment
of supplies for .-tr',-' s c -ian
uses but alo with rcpect t
costs of commodities going Into tK . ir
consumptive channels.
"While some lmportart art. '
not yet been brought deflniteii ' ir
the scope of the price llxlnsr pr'isr.i"'" o
and though Inn's llt of wholesale . 1 i
tatlons this week jjiin dls closes -ri
advances tlnn leces'.lnus there hi- '""
distinct halting of t'-ie u;,.iril '-e''
of various markets ami an sclera -. 1
lastjng check to the ii-fnr prices ts.i.
react favorably on Una! ditriliut'
"That the constat t u.itso i v -10
per cent. adilltliM.il ' d wei". T
some New KnKlur.il tesl.le cen. re c
to enhance the pur.hisiiiK powrr
vlous, but the practice of cvonov' ' 1
become rather widespread and the s
ume of retail dealings wi'l in mi t b
limited by the lessening of the .n ct,
and quantity of merchandise at 5. l ib
In cDiiimercl.il lines. Vet wit'i -un pro.t
pects continuing exrellen- li-o'n,'i -til'
another week aril lth 'c. fln,i-iit
obligations being niel pron pt's nere 4
a large mens-ire of lonfldcve n ' 1 -ncs
circles."
NEW YORK BANK STOCKS.
Americ,
Atlantic
Am Each
Battery!'
Bowery
Brant P
Bronx Nat
Butch A 1)
Chase
Chat A P
Chelsea F.a
Chemical
CMs Nat
City.
Coal Ir
Commerce
Colonial
i tin' mental. 1 00
r'nlumhla 14.5
Corn Exeh .11.',
Cosmopolitan 4.1
Com mere' IE 300
Com'nwalthl.r
1 'una . 1
Kest Kiier
Fifth Nat
Fifth As
First Nat
C.arfl eld..
Gotham
Bid. Asked
4K1 f
l1
21.".
20.1
aoo
ISO
l.m
3M
.143
23.1
1S.1
210
37.1
200
.17.1
3.50
1.1
1700
70
,1(10
200
4211
17d
.1 .1.5
24.5
12S
:ios
21.1,
.IS 7,
Jin
17
110
is-
lim
10'
10
'.40ll
son
170
V2,
JT.
Ml
(CO
27il
4 0,1
2ll
reeniflh
llamm.in
Ifarot er
tm Trsd
In inir 'st
Mherty
Msnbsl cf. 1,51
Mech A 11 .10,1
Metronol'n 11.1
Mutual I,".
Merchants 104
Vew Neth's 00
VVXII4 r
V Y County IJi
I'ark- '01
r'arlflc 111
Peoples S'l
1'rn.llice P 2110
Pllh'le 210
lle-mvt 120
lealinard
econd
tate
!21d Wsni
rnloo r x
Wash His
West Sl.le
Ynrkiille
Bel 4s, -1
.1.1 5 111
2(-
te1
II I
irj
Hi
Hi
511
.in'
1111
in
1 Ml
.110
.1.50
41.1
Trait gad Surety Companies.
Bid. Asked., lint, ts.et
Alliance Rt. S.I
.vm surely., .14
Rankers. . , ,30ft
Bund A Mtg.isn
Brooklyn . , 5 in
Central.... .182
Columbia. . .2.10
Commercial 100
EmplreTruat200
r.nuitanie., .1.11
FLAT... ,36.0
Franklin. . 2.1.1
l iillon.. .
Fidelity.
Ouaranty
llanillton
Hudson 'I'
jirMngTrual
hlng, i 'n. . ,H?n
I awyers M.. S.5
1ST .,.,(!
Lincoln T , , TO
ji'.n
200
.12.1
13.1
7.1
CO
.172
110
.1.10
387
2SH
son
34.1
.100
24.1
itr
210
:'i.',
'.'70
14.5
f,.K
II'
101)
ICO
IWn'ir.i- 135
M-rTAO li'i
Meirnnol 3'i"
Mice Bond mo
Mutl Tnf W tns
Nat Sure! I1
N Y 1. 1 Trir.i
New Vn-k T Mil
N Y TltiB M
People 215
Queens Co
ft altv Isso r,5
scandinav n 215
Title (i A T V4'l
Transitlsnil"
Union asj
I'n sia'ts "nn
I S It A, r 40 1
C H Title A- T T
IVestrhester 130
W A IIT4.M 1115
,t 1
1-1
l.M
f,)
fiji
'11
''J
Note Thsse stneka are now minted dntlvrs
er shsr. regardless of par Tslne.
Inciudea one-third share Irnng Truit.
tSes Irving National Bank.
SILVER. PRICKS
Bar sliver in New York, 994c nit l
priie), iincbanged; business price inri.ii r:
premium, 99',e unchatige'1 in lini.'r,
4',d., unchanged: Mrxic.iu dollars '".c va
changed,
1 '
1
1