The Detroit times. [volume] (Detroit, Mich.) 1903-1920, July 15, 1916, LAST EDITION, Image 8

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The Detroit times. [volume], July 15, 1916, LAST EDITION, Page PAGE 8, Image 8
About The Detroit times. [volume] (Detroit, Mich.) 1903-1920

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The Detroit times. [volume] (Detroit, Mich.), 15 July 1916. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83016689/1916-07-15/ed-2/seq-8/>

Newspaper Page Text

PAGE 8
Telegraphic
F CROPS LESS
! THAN 1915
: PRODUCTION
/., r
• But Will Still Be In
Bumper Measure,
Say Experts
~ BLACK RUST
IN DAKOTAS)
'
3 Grasshoppers Causing
Damage in Kansas
, Fields
m* "
CHICAGO. July 15.—From west- j
•rn itates came reports today of a 1
winter wheat crop that will beat all
expectations, but of possible heavy
r< damage to spring wheat throughout
black rust In the Dakotas.
Bernard Snow, crop exsert for
oqe of the biggest Chicago broker
age houses, returned today from an
Inspection trip through the north*
west. He spid the winter wheat
% crop will be Something like s<K\ooo,-
*1)00 bushels, and. though tinder last
year's record yield, will otill be a
bumper output.
■ “Weather conditions for hsrrest
‘k fog and threshing the winter wheat
arc Ideal.” Snow aaid. "The quality
L; of the yield Is unm-ualK good."
!W-- “The spring wheat crop outlook
j« Is not so good,” Snow said. “It ail
depends now upon the weather for
sf, the aaxt three weeks. If weather
favorable to development of
black rust, much of the crop wJI be
; a,loss. If It la not favorable to the
ms rust, the damage will be light."
SL Snow aakt black hist had appear
jjf,' ad throughout South Dakota and In
r analtsrinf parts of North Dakota.
|e'; Com la growing fast. The hot,
‘ * 'dry weather so far has been ideal*
| far It. Baow said. A few mins will
but this ii regular corn weath
# .-
BW Clouds of grasshoppers sre dam
gtW>afllag crops in Logan county, Kan-
F 'gggb dispatches from there said to
L* db?. Officials of the county were
J *' ready to furnish free poison to fight
nyk-z- ■
Kitof Y«t Stocks
f; 1 J
PpfesV ft* «I ft ft
¥¥ P ¥
«{£“*&» k h H
ft!*. i m* ux..low 10#% io»% io#w
BQjE '{CS« ttys §9 H 9 W BSti S*t|
KYb t. A I\. .129% 12#? 15#V 12#%
.Am! Tobac.. . 208 20* 207% H
1 ! A«. Woolf*. 4$ <2% 43 43
ffifci ■ Do. pM.... «% *5% !*,.
SMBS* .:::•{ 3 >; * >• $ » 3
SSrS & $5 S Sg fj s
j* **
ff?*RtC S am.. 81% «< *>«>
. u? i*% i#% Iv ‘*
Pf-Em.Vf I’"‘T 17*? 178? 17*
**« 53% 63% 63%
BSSBSJ Mo?! .107? 107% 105% H»7>,
Ohio oi% «i%
W .. 12% 13% 12% 12%
31? 30 % 35% 30%
1 CM* W trw.:.l»»H 130% 12!* Vi 12.%
fa, EEj H I A P 20? 20? 20? 20 %
Kll» Cofl...\*t% 20% 20 20
fccbfmi cop *. 40? 40? 48% 46%
s« !Coi Vu«7.. 43% 42% 42% 42%
t ’ Ooi»a Oaa... .134 134 134 134
I:«« §!:•: it* a* a* a’*
I f 4Hl£*Bi ,{{*.gg.g*
;. d 3 *„<*«; JJ 3 i!» r 15*
ft p «s
■ >)U >|)s >))5
len. M0t0r5...484 4t« 454 434
a. S'. Goodrich 73% 74
r St, North. pf.ll*% li»% >»•
w Iranby S3 II SS «
ite, jreent, Can... 43 41 4S 45
SS Il.aplra. Cop. 47% 47% *7% 47%
p:J.;»ur. un. .. 16!» i«% i;j|
y/> Do. pfrt 74J» 74% 74% 74« m
Sit. Her. Mar. 23 , 33% 33% MS
W |w ..ro *4*! *5% 04% S4S, I
tfV'IRS. Nickel... 46% 45% 45% 45%
L At. Paper ... 11% 13% 13% >3%
jft.- Do. pM Sl% «%
fri • Ka» City s.. *5 36 25 35 j
1 (mVoit Cop 46 46% 46% ff
■T r Lack. St. On «*% 40 Vs ««% «*% '
KL >• Tire A It. 42% 42% 42% 43%
K Urtila. AN 133% 132% 132% 132% !
£ Maxwell Mo .75 75? 74? 74%
B& Do. Ist pfd 04% *5 *4% *5
,1- Do. tad pfd. 56% 56% .66% 65%
L il Imlcbb Pet.. ** 98% #7% *B%
dltml Copper 34 34 34 34 ,
{: J . fe. p it H 135 136 135 126
ftp Oat. Load 82% 12% *2% 42%
!%*«?. Conn.... 16 18 16% 15?
au oor. A Went .129 12* 12* 12# ;
ft?* OortU. Pac. ..112 112 111% 111%
t. All B .122% 133 123 , 122%
pr « f. Central. I*3 % 103% 1*2% 103%
L. f! r, a a w. 38% 28% 24% t«% 1
Bn, Fennsyl 67 67% 68% 67 )
C0a1... 37% 27% 26% 24%
gs. *%lta. Cos. ... 80 3# I# 3#
fa.. mu. Bt. Car 43% 43% 43% 41%
|2r' IMP? Cons. .. 31 % 31 % 31 •„ 21 -
K'fy. »t bug*. 41% 41% 41% 41%
R.-,lUmd. cotu.... 07% *7% *6% *7%
WZft tears Rcemhl»B% 182% l** A I#:%
86|.l « S F.p( 0? 0? 6% 4%
Dft Ihat.-Arls. .. 30 30 25% ?*,
t\: Kittl. PM. ~ #7% #7% *7 % *7%
N* i WUk *y ... 34% 14% 34 21
BGPU®"* #M..... 01% 00% 48 88
k tUAbk Corp lU% 120% 124% IJ6
Ed- %aa. Cop M if 33% 25
Hr, un 'a ..10# if# 119 is*
KT A Minin*. 00 00 07% 87%
|RQLv »Ipo Pm 130 130% 138 138%
lit riHo« .Prult .160% 186% 156 165?
■B Vi. tL Rubber 61% 63 61% 62
WLJs tto, la* Dfd.lW% 107% 107% 107%
Hkl/Tl Steel!. . 84% 84% 84% 8«%
fd. 117% 117% 117% 11,%
S. lnd. All". 103 ios% 1"4’*
Smask Copper.. 74% 78% 75 75
SwAfF A bC‘) 60S 60% 30%
K£l 8.. • 37? >7% 17% 27%
IMpB JPVS»--12* 121 12« 12*
RBinflA.. 83% «.*% ■•*% '6%
Wmw&hfmn 1 * fl «s% *«s
jg^^RjKT.. . >•»% 105% 107% t '%
Hp .!
FINANCIAL AND MARKET NEWS
j|Grain and Provisionsj
DETROIT. July IS—Close The
market had no Important n*w* at
the opening an«l the general appear
ance of the grain <l*<u war the sum*
as at the close Friday. No change
In prlcea wits noted at home or in
Europe at the opening.
Dealers had llltle fault to find
with Friday's decline In wheat. They
said It was the natural result of an
overbought market on a 10-cent ad
vance and the elumn was assisted hy
lack of foreign buying and the
selling of wheat by heavy dealers.
Minneapolis uenlers were sellers be
cause they had many reports from
the country telling of the absence
of black rust The weather early In
the northwest "as hot «nd favor
able for the spread of Mack rust,
but later there were some rain
spots on the map. Wheat In the
spring wheat states now needs cool,
hreesy weather, under which condi
tions the rust will disappear
Saturday's market was quiet most
of the time Conditions ar- not such
as Invite speculation <>n the part »?
cautious deal' rs They have the
memory of many black rust scaies
that petered out and were followed
hv decline and a few that did not,
the latter being followed by sharp
advances. Foreigners have recently
bought a good deal of American
wheat and dealers think there will
be more >f that business if nrtces
decline a little more. Foreign future
needs are heavy and the various
K- vernments are watching for op
port unities to load op.
Michigan "heat is dull Receipts
and shipments in this market amount
to little.
Rust reports during Saturday's
session caused much alarm and
wheat advanced, closing at a gain of
2Vfft3c for the day.
Corn and oat* advanced 4c.
Receipts In the Detroit market on
Saturday were l.AOfl hbls of flour. 2
cars of wheat, 14 of corn, 4 of oats
and 1 of rye. Shipments were 2.040
bbla of flour. 1.04 ft hu of wheat, zn.nnn
bu of corn and 7.500 hu of oats
'Stocks are 148,000 hu of wheat. 102,-
000 hu of corn. 53.500 bu of oats and
12,000 bu of rye.
| Receipts of wheat Saturday: Du
luth. 134 cars, against 15 a year ago:
Minneapolis. I*3 cars, against 155.
Winnipeg. 741 cars, against 90; Chi
cago. 40 cars, against 75; southwest,
411.000 bu. against 139.000 bu.
Exports of wheat and flour Satur
day. 729.000 bu
Primary wheat receipts wers 1.-
021.000 bu. against 412.000 bu a year
■go.
CHICAGO GRAIN
CHICAGO. July IS—Opeplng
Wheat; July up Sd September down
14c; December down He. Corn; July
up He; September down He: Decem
ber up He. Oats July down He;
September, Mown H c : December, un
changed. Provisions; Lower.
. Close—Wheat: July, up 24fce; Sep
tember, up IHc; December, up 3He.
Corn: July, up lc: September, up
M4e; December, tip 2Hc. Oats: July,
up 1 He: September, up lc; Decem
ber, up 2Hr- Provisions, higher.
Suotatlona by rain*. Webber A Cos..
_y 15: Open High Dow Close
| Wheat —
1 July. l 01*4 1 12 1 O*H 111 %
Sept. 10»H 113 H 1 OSS 1134
I Dec.. 1 12 H 1 15 H 1 12V* 1 15S,
I Corn —
'July. 77*4 7**4 77*4 T**4
Sept. 74 H 75 H 74 75 H
.Dec.. «3H 4*4 «2\ 65N
Oata—
[July. 40*4 4} H 40 h 42
-Sept. 40 H 41H 40H s4IH
Dec. 41*4 43 H 41*4 b4>
Pork—
Sept. 24 SO 14 45 14 47 14 IS
: Lard—
Julv. 13 12 13 15 IS 12 . 13 14
Sept 13 22 12 27 13 20 13 21
Ribs—
. Sept. 13 37 13 50 33 37 blB 47
| a-Sold. b-Bld
3RW YORK PRODITR
NEW YORK. July IS —PHour: Dull,
but firmer. Pork: Firm: mere. 81# 80
028 50. Lard: Firm: middle weal
■pot. |2I 500 87.50. Sugar Raw.
quiet; cut loaf. |8.80; crunhed. 98 *6;
powdered. $7.76; granulated. 17.459
7.70. Coffee: Rio No. 7 on ipot. 9%c.
Tallow: Dull; epectal, #%c; city. 9
o»%c. Hay: Weak; prime. |i 35;
No. 3. 90Q97%c; clover, 40c fi11.16.
Dreaaed poultry: Quiet; turkeys, ;i
626 c; chickena, 254340 c; fowla, 14 0
21 %c; ducka. Long Island 20c. Live
poultry: Firmer; geese, 13c; duck*.
180220; fowl*, 20021 c: turkeys, 15fi
18c: roosters. 14c; chicken, broilers.
; 230250. Cheese: Dull; state milk,
common to special*. 13« t lß%c, skim*,
[common to special*. BfM3%c.
CHICAiiO LIVE STOCK
CHICAGO, July 15—Hogs: re
ceipts, 12.000; market slow, 5e low
er; mixed and butcher*. 1*3*71 10 05;
good heavy. 39.45ft* 00; rough h*»vv,
19.2599.15; light. t 9.4009.10; plg«,
98)00 9.55. Cattle; Receipts, 200;
market, steady, beeves, 87 10011;
cow* and heifers. $1.5009.50; Stock
ers and feeders. tS.foo 8.40; Texans
18 2509.20; calves. $8 50012. Sheep
Receipt*. 4.000. market, weak; native.
S«.B. r >«? 8 2*; western. $7 2008 10
lamb*. 17 50010.75. western $7,750
10.85.
i Boston Copper Stocksj
Quotations by Hornhlower A Week*.
July 15: Op-n High Close
Ahmeek *5 96 95 96
Alaska Gold. IS is 17% 17%
Am. Zinc... .74 J 4% 33% 34%
Anaconda ... 78% 79 78% 78%
Aria. C0m.... s% 8% 814 s%
A rcadlan .... 5 6 5 5
Butte Sup. ..8(1% 87 84 80%
I Cal. A Arix.. 04% 87 48% 87
.Cop. Range.. 58 64 55 % 56%
| Chino 4<5»; 46% 48% 48%
East Butte... 11% 12 11% 12
First Natl.. 3% 7% 3% 3%
Granby s.i 63 8* *3
Greene Can.. 45 45 45 • 46
Inspiration .. 47% 47% 47% 47%
Keweenaw 3% 2% 3% 3%
La Salle 3% 3% 3% * %
Maas C0n.... 11% 12 11% 12
Miami 34 34 34 34
Mohawk 81% 81% 81% 81%
Mayflower 2% 2% 2% 2%
Nlplesing ... 8% 7 8% 7
Ner. Cone 14 18 16% 16%
North Butte . 3*% 21 30% 21
Old Colony... 1% 1% 1% 1%
Osceola 81 81 81 81
Pond Creek.. 12% 12% 12% 13%
Snlncy *2% 82% 82% *2%
nv Cons 21% 21% 21% 31%
Sup. A Bos.. 3% 3% 3% 3%
Shannon .... 7% 7% 7% 7%
Santa Fe 1% 1% 1% 1%
S«.uth I<ake. , 4% 5 4% 6
s' 1 per lor 12% 12% 13% 12%
Trinity 6 6 6 5
Tenn rop . 28 26 22% 25
tJ. S Smelter 92% 92% 92% *2%
United Frill 166% 155% 154% 163%
Utd Sh Mh 52% 63 68 62%
U<ah Apex. 4 4% 4 4%
T'tah Consul 12% 12% 12% 13%
U S M A Ref 86 88 87% *7%
Victoria 2 % 2% 2% 2%
Ventura Oil.. 7% 8% 7% 8
Wolverine 4* 49 49 49
Cl HR t OFFER <TnrKB
Quotation* by Horn A Week*,
July 15: Hid Asked
Rutle A London 88 8*
Calaveras 4% 5
Chief t 1% j%
Copper Mine* 1 % l
First National 3% 3%
1 Goldfield Cons. 78 "8
I* Iloae 55 so
Magma It 14
1 Nevada Douglas* | )%
• Oblo Copper 10 jj
Rtewart 20 40
Success 'X «o
iTuolmne . j* •
|*«bon 2 2%
■I’TTK;i and EGO*
D»lr*4l. Jaly tr»
Rattee—Creamery, extras, 27 %c;
{firsts. 2«% c; dairy. 33c; parking
Stock,, tie lb.
, •••*%■ _Fresh receipt*, case* In
rludeTt firsts. 2s%c; current rscetpta.
21 %c do*
N.Y. BUNKS SHOW
37 MILLION MIN
Movement Shows Increase from
Interior of $16,000,000; Gold
Imports $12,000,000
-
NEW YORK. July 16.—Movement
: of currency this week has t>een en
tirely in" the opposite direction of a
week ago, and local banks show a
gain of about $37.Uu0,U00 cash lu
response to a higher money market,
interior banka remitted to New York
direct and by draft* payable through
the federal reserve bank Banks
gained from Interior $16,330,000.
Gold Imports were $11,000,000 from
Canada. Ordinary disbursements by
the sub-treasury were $12,577,000
Payments by banks totaled $14,105.-
000. showing loss in aub-treasury op
eratlons proper of $1,628,000. Dtsr
lng the week federal reserve bank’s
debit balances at cleartng house to
taled $26,936,000 Its credit bal
ances were $6,723,000. Banks gained
through this source $20,213,000. mak
ing a gain by banks of $37,Q18,000.
□Detroit Stocks j
SATURDAY'S QUOTATIONS.
Bid Asked
Acme W L. A C. com. .... 'J‘4
Am. DAT. Cos., com. 3*# -*•>
Do. preferred 199 11-
Am. Pub Util., ‘com... 41 4j
Do. preferred 4
Auto Body CO ........
Burroughs Add. Mach. 345 35.
Chalmers Mo. Cos., com. .... I*s
Do. preferred 9» ....
Char. Ir. Cos.. Am. com 5»» *H
Do. preferred «H * 4
Chevrolet Motor Cos .. 195 -O'*
Cities Service Cos., com 319 324
Do. preferred 844
Coahull* Ld. A Zinc xd .... 3’4
Com'With R. P. A L>.. 44 45H
Do, preferred *5 J*
Continental Mo., cm xd .... 37
Do. preferred .’ H I*4
D A C Nav Cos 83
Detroit Creamery Cos 3v «
Detroit Edison Cos. xd 13»\ 13.
Det. Ir. A St., com. xd 1*
Do. preferred, xd... .... »*
Detroit United Ry 115
Det. Valve A Fit C 0... 10% ....
Edmunds A Jones, com *» 40
Do. preferred 92 **
Ford Mo. Cos.. Canada .. . B*o
GAABrMfCo.com.. 37 *$H
Gen. Mo. Cos., com. xd 4SO »»|>
Do. preferred I* 4
Hall Lamp Cos
Ho! land-fit. L. Sugar.. 18 }<
Iron Silver Mining Cos. I*2 *J$
8 S. Kr*sg*. i0m.... I** -JH
Do. preferred 10H Hx
Maxwell Mo. Cos., com. 73 H 75 H
Do. Ist preferred,... *3 *4
Do. 2nd preferred... 53 *4
Mexican Crude Ruj,. 9
Mich Stamping Cos >4B 4l»
Michigan Sugar Cos. .. 10*4 111
Do. preferred 93 ....
Miles-Detroit The* Cos. 8 8S
AlinnSugarCo.com.... 91 ••
Do preferred 91 95
National Grocer C 0.... *2*4 **H
Do, preferred 92 H 94
Pac. Gas A Elec . corn. 5* H *9
Do. preferred *7
Packard Motor Cos., xd. ..
Do. preferred lj*
Pa Ige-Detrolt Mot. Cos SO
TV K Prudden Cos 44 44
Reo Motor Car C 0.... 42S 43H
Reo Motor Truck Cos. 87 H
Bcotten-Dillon C<» 40 84
St’idehaker Corp. com 125 127 H
Do. pteferrefl 10- ....
Towar’a Creamery Cos. 4« ....
Truss. Con. Steel, xd... 30 32
Do. preferred *H ....
tVli'ic ‘Star Line *? ....
Wolverine Cement.... *H
Banka and Trust Csmaasles.
Bid Asked
American State 170
Central Savings 250 ....
Detroit Savings 290
Dime Savings 30< 715
Federal State 12' 13!
First A Old Det Nat... 194 202
Oerman-Amerlcan .... 179 !I2H
Highland Pk State, xd 390 ....
Merchants National... 174
Nat*!. Bank of Com 319
i Peninsular State 2 if ....
Peoples State.. 372 274
United Savings Bank.. 230 ....
Wayne County Home.. 349
Detroit Trust Cos 374 395
Security Trust Cos 243 ....
Union Trust Cos I*4 300
Ger.-Amer. L A T. Cos. IV
Tha following tirmi ara om-llaged
to exacute ordera on tha Exchange;
W F. Moss A Cos. Carlyle a Povah.
Oeo. M. West A Cos. E. E. Maeerone
A Cos.. H W No*le A Cos . r». L. Sey
mour A Cos. W 1L Mcl>iut;hlln. Mer
rill. Lynch A Cos, W. A. Hamlin A
Cos., wm. A. Neer A Cos, Sinclair A
! Couls. Emm»t L Sprague, Wm H.
Rose A Cos.. F. K Pelton A Cos.. Joel
Stockard A Cos Bennett. Smith A
fro. W. E. Reilly A Cos.. Matthew
Finn. A. W. Wallace A Cos.. Lewli <J.
Gorton.
Sugar Market j
:J
9 agar—Correcteu dally by W. H.
Edgar A Son. Crystal dotmaoea 3-10,
$11.55; Do. l-lb.. 111.55. Eagle tab
lets, $10.25; cut loaf. 19 40. cubes,
$8 45; XXXX powdered. $8.50; stand
ard powdered. $8.45, granulated, ex
tra coarse. sß.fr; granulated, fine,
In bulk. $8.05; granulated, 25-lb. cot
ton* $1.11; crystal domino gran.. 2-
Ib. and S-lb. cartons, in cases, fill;
orystal domino gran., HF cases. sß.4*;
diamond A. $8.15; confectlonerr A.,
SB. No. 4. 88 05. No. 5. $8; No. 6. (7.85.
No. 7. $7.80. No. 8. s7.Bs; No. 8. sf.Bo;
No. 10, $7 *5. No. 11. SHO; No. 13.
$7.65; Wo. 18. 17.40; No. I*. 17.80; No.
15. $7.80. non-caking mixture, $1;
beet granulated, $7.85 per 100 lb*.;
household powd.. l a. 24 to case. $3.40,
Da 48 to case. $4.70 oar cash
CHICAGO BUTTER M ARK ITT.
CHICAGO. 111.. JuD 15 - Butter:
Extras. 27H r ; firsts. 244®*'?- Jsi'/
extras. 25HG28HC. firsts. 23H'd25c
Eggs: Prim* ordinary, 21 Cl J 1 He.
firsts, 2:tf?2Hc. Chees* Twins.
ItHlH 4 ** l3 ; yfiung Americas. 15 H 9
16Kc. LJve poultry: Fowls, L7o.
ducks. 14c; springs. turks.
lie. potatoes Ohio*. 75c. New pota
toes: Receipts, 16 car*
4ir7AA YORK tXITTOW MARKET
Quotations by Paine. Webber A Cos..
July IS.
opening Closing
Bid Ask High Low Bid Ask
Jan. 111$ 13 30 18 37 12 11 18 24 18 35
Feb. 1$ >8
Mar. 18 88 18 89 13 48 13 88 13 41 13 43
Air 13 49
May 13 S3 18.84 12 58 18 84 13 67 13 58
June H 80
Julv 13 85 12 86 13 85 It.SK 12 87
AUg. It 85 13 84 12 91 1? 90
Bept 12 87 13 98
a. t 12 98 12 99 13 05 12 97 18 '»2 18.03
Nov 1309
Dee. 13 13 18 13 12 20 13 00 12 19 12 20
Although KO yetrs of age. Gan
Retain, French hero of Verdun. I*
an all-round athlete and keeps him
self in training hy skipping the rope
and weighing all the fond he eats.
Only mulberry forest In the world
Is In Indls, covering sbout 10.000
acres.
DETROIT TIMES
STOCK MARKET
ISjRREGULAR
NEW YORK. July IS—Th« stock
market opened with irregular price
changes today. Maxwell Motors was
up 1, Westinghouee 1-2, and Baldwin
1-2. Crucible lost .1-8 while most
other war stocks showed fractional
recoveries.
Bears caused a alight reaction
during the first hour. Tennessee
Copper made a new low at 22 1-2.
while Chandler Motore advanced
3 1-1. Bethlehem Steel sold up 9 1-2
at 444. Changes were very slight
In the second hoar. The market
closed dull
| Financial Notes |
Directors of tha Eagle and Blu*
Bril have declared a dividend of flvs
cents, payable July 34.
It la undsratood Zinc and B. T
will conaclldate.
Recant days have aeen heaviest
buying movements In spelter since
the latter part of May. This de
mand has been entirely domestic.
Details of anew fi00.000.000 loan
by American bankers to France i»
announced A corporation known as
the American Foreign Securities Cos
has Issued $r*5.000,000 three-year 5
pet cent notes secured by neutral
capital.
Average price of 12 Industrials
121.20. up 1 15; 30 active railways
104 99. off 44.
Reduction In rates for call and
time money regarded as of signifl
cance io future operatlona of market
Issues.
Some of toe best market observers
ar- advising against further short
selling, and predicting sharp rallies
riant of the Thomas B JefTery Cos
sold to Lee litgginson Cos. and
Charles Nash, price understood to be
about $10,000,000.
President Grace, of the Bethlehem
Steel Cos., has announced that S7O
- will be spent on Pennsylvania
and Maryland steel companies recent
ly rurchased by the Bethlehem and
the South Bethlehem plants as fol
lows B* thlehem. $30,000,000; Mary
land. fIu.O0rt.000; Steelton. $10,000,000
Net earnings of Crucible Steel at
present are showing a falling off as
compared with high mark reached
Last spring, owing in a large meas
ure to Tower prices for special
grades of steel made hy company and
completion of much of Its foreign
business Net earnings are also kept
down by heavy appropriations for
new construction.
The sale* of S. S. Kreage Cos. for
June amounted to 11.991,544 against
$1.434.841 in June. 1915. an increase
of 21 47 per cent.
The 195.00f1.000 three-year 3 per
cent collateral gold notes of the
American Foreign Securities Cos are
|to be dated Aug 1. 1914 repayable
on Aug 1. 1919 Interest Is payable
semi-annually.
Rumors that have gained consider
able currency that British and Rne
s'an aovernments have notified man.
ufs'-turers of munition* that thev
will avail themselves of the cancel
lation clauses In most of the r«n
trsets for such material ate without
foundation, says New York reports
Eugene Mercer Jr. A Cos In a cir
cular -rn Anaconda Copper Cos., say
“The famous Anaconda properties In
Montana have been transferred
through electrification and adopVon
of entirely new metallurgical pro
cesses to the extent that anew Ana
conda has arisen from the old The
prooertlen sre understood to be sac
lng 84.000,0h<1 In annuat power. The
company Is obtaining a net recovery
of more than 90 pet cent «»f the val
uable metals in the ore. as against a
recovery of only 77 per cent a >e,-»r
ago and this without a penny of ex
tra operating expense
Total bank clearings of United
States for week ended. July 15. sre
estimated at »4.791.754,748. against
$t 404.041,491 for previous week They
compare with 13,372.442.979 for the
corresponding week last year, with a
gain of 42 2-1A per cent.
STANDARn OH. 41 R«imtßV ftl'4.
Quotations by Hornblower A Weeks.
July 15—Close Bid Ask
Anglo-Amer oil. n*w . 14H 15
Atlantic Refining Cos .. 495 705
Borne-flcrmyeer Cos ... 34A 350
Buckeye Fire Line Cos.. *9 91
Cnestbrouah Mfg. Cos.. 330 350
Colonial Oil Cos 70 *0
Ornflnental Oil Cos .72h 324
I Crescent Pipe Line Cos. 4h
Cumberland Tipe Lin* 84 84
Fur*ka Fin* Line .. . 20* J’4
I Gslena-Blf*r»al Oil, rota 134 1 •*
Pi., preferred 137 142
Illlnola Flpe I.ln* 171 178
Indiana Floe L‘n« Cos 91 98
National Trsn».lt f’s .. 14 15
New York Transit Cos. 190 2hrt
Northern Pip* Line.... 44 100
Ohio Oil Cos 234 237
, Pierce Oil Corporation 12*4 13
Prairie Oil A Gas Cos. 387 783
rra'ru Pip* Line 221 233
Pent. Mexican .... 54 59
Ikda- Pehnlng Cos ... 245 275
flot.tl ern Pip* Lire Cos 191 lit
South penn Oil Cn . IS* 35.4
Bouth West Pa Pipe L. lhS its
Standard Oil. California 270 2*2
Do rpdtaaa 548 571
Do, Kansas 44A 4.'.fl
Do, Kentucky 345 356
Do. New Jersey ... 522 .*75
Do. New York 20* 205
Do, Ohio *45 376
I Swan A Finch Cos.. .. 35 lbi)
i Union Tank Line Cos. 82 84
1 Vacuum Oil Cos .. 2*B 270
. Washington Oil Cos . .70 40
Standard OH old stock 1470 ....
Do. subs 1150
Int'l Petroleum |0 iou
Mid West . . 42 44
CURB IMUHRMIA.
Quotations hy Hornhl<>w#r A W#*ka,
July 15: R and Asked
Am. Pub. Util, com ... 4 2 4 5
Do preferred 77
Am. Light A Trae. com VO *74
Do, preferred llfl 112
Aetna Explosives. . . 4 H 9H
1 Cities Service com ... * !ft 774
Do. preferred S7 it
Chevrolet : 00
Canadian Car com ... 42 44
Do, preferred 40 4*
1 Cramps 72 79
I Detroit Edison 134 137 u
Kr-sge jo 10«i
Mld Steel 41 H f ><> H
Pa* Gas A Elec, mm 55 V»
Do. preferred 47 44 44
Rep Ry A I. com 34 H ’* H
1)0. preferred 7 3 7 5
Fo. Cal Edison com.. 92 04
1 to. preferred
St* wars - Warner com i«h ‘‘H
ftilh Boat 12 Vb ' '»
Kaxon Motor. ...... 77 4i (
17. 8. L A H. com .... IQ ! H
Do. preferred . . 5’4 <■ H
BEGIN BUTTER
EDOTX. Til. July IS All butter
sales st 37 He, asm* a* last week's
quotation
ORPET CASE TO
:. JURYTODAY
Disagreement or Acquittal I*
Expected by Trial
FollowerH
WAUKEGAN. 111.. July 15—Pale,
terror-stricken and a mere shadow
of the boy who entered Jail last-Feb
ruary. William Orpet today await
-1 ed the word that will send him out''
free, or to a prison cell.,
Yesterday afternoon rfrpet cring
ed while Special Prosexutor D. R
Joslyn. referred to him as a
• ' skunk.” s ‘‘slayer.” His mother
held his hand, while the prosecutor
lashed his seduction of Marion latm
bert and accused him of cold-blood
,ed deliberate murder.
"You and I.” thundered Joalvn to
the Jury, "would have burned In
hell befbre we committed such a
foul crime. First he slew her chss
-1 ttty. Then he killed her b<*ly."
Joslyn will finish for the state
| during the forenoon session. Im
mediately Judge [kjnnelly will
charge the Jury. The deliberation
will start, probably directly after
J lunch
Many who have been following
the case predicted a disagreement
of the Jury, others were confident
that the University of Wisconsin
youth would be acquitted of the
killing of his sweetheart Only a
few expected a conviction.
In case of a disagreement It Is
not believed Orpet a 111 be again
placed on trial.
BLACK EYE LEADS
! TO BOY’S ARREST
IN COURT ROOM
j When Attorney Will Lehman, for
Albert Davidowski. charged with Il
legally driving away an automobile.
, told Police Justice Christopher Stein.
Friday, in police court, that his
client was not alone responsible for
the theft of the automobile, and
“that there was another member of
the gang who stole it in court," De-
I tective Potter, who had ar
rested Davidowski. cast his "eagle
eye" around the court room, know
‘ lng that the joy ride following the
theft of the machine had ended In
an accident in which the three occu
, pants of sh» machine were Injured.
: immediately spotted a voiith at the
back of the room w-ho had a "black
1 eye" and other facial Indications
! that he had met with physical mis
fortune.
1 Stepping to the back of the court
room, the wily defective placed Wil
liam Sutton, he of the black eye, un
der arrest.
The rase was continued, awaiting
: the recovery of Joseph Kortls a
third member of the party, from in
juries which have placed him in the
hospital.
The youths sre accused of driving
away an automobile belonging to
Walter J Canto. No 187 Eighteenth
st... which was stolen last Saturday
and which was found Sunday, half
1 demolished, on the road to Mt. Clem
‘ ens. The young men were captured
:by Detectives Potter and Dwyer
Sunday, after a chase of more than
a mile and a half over fields and
meadows, during which Detective
Potter fired five shots from his re
▼olver and demonstrated his ability
as a sprinter.
LOCAL BRANCH OF
j JEWISH CONGRESS
BEING ORGANIZED
A local Jrwixh congress associa
tion, embracing every synagogue,
; Jewish ?oclety. temple, etc., to be
! lng organized In De‘rolt tc affilllate
jwith the national organization.
! which. In turn will beco.n* part of
!an Inteniationsl .I»wigh congress,
'representing the 11 ,OK),OOf) Jews of
! the world. The object of this or
ganization is to bring together all
'jewx In an effort to bring pressure
'to bear upon the different govern
-1 menta, when th* treaties »eltllng all
matters pertaining to the war are
drawn up. for the equal p< lit leal, na
tional. rivll and religious rights of
the Jews with all other people*.
The American Jewish committee,
, which has, up to the present time,
undertaken to look after the inter
ests of the Jews In this country. Is
not considered sufficiently repre
sentative, and the new organization
will endeavor to bring the two to
gether in a conference which will
be held In New York next Tuesday.
Justice Rmndeis Judge Hugo Pam,
of Chicago, Judge Leo Bandera,
Nathan Straus, Dr Frledcnwold and
|other prominent Jew* will represen*
the new crganizaMon at »he confer
enoe and "tafe .heir position.
The local Jews behind the ooti
greas are David W. Hinsons, chair
man of (he . advisory committee.
! I<out* Cohan, chairman of the eiecu
■ tlve committee, Rrbbl A M Hlrsch
man. Rabbi L I>evlne and J. Miller.
Club to Name Officers
; In a meeting to be held, Tuesday
evening, at 8 o'clock, In the Hotel
Htatler, officers will be elected and
a permanent "DiifTleld for Mayor '
club will be organized. Everett IMn
gree, a nephew of Hazen H Plngree,
has been serving as temporary chair
man. It la expected that the cendl
date will announce hla platform at
the meeting.
SCOURGE
APPEARSIN
WINDSOR
———
Four Cases of Infantile
Paralysis Reported
Across Border
AUTHORITIES
KEEP CLOSE TAB
~
Inspection of Infants
At Ferries
Likely
/
Further approach tdwsrd Detroit
of the dreaded Infantile paralysis
that has terrorized New York was
reported Friday, when four suspect
ed cases of the disease were
covered by the Canadian authorities.
Three of the cases sre in Ford City
and one In Windsor.
Detroit’s health authorities start
ed instant protective measures to
prevent the spread of the disease,
an 1 In all probability every Infant
crossing to this side will be sub
pected to careful inspection. A spe
cial meeting of Windsor, Walker
ville, Ford City and Sand»lsh health
officials was called Friday after
noon, which was attended by Mayor
' A. W. Jackson, of Windsor.
Strict quarantine measures were
| suggested by Mayor Jackson, who
! declared that If those upon whom
the family depended for support
were kept from their work by the
quarantine the city would see that
: the family was supported during the
j quarantine period. The physicians
| present did not agree with the may
i or that such drastic measures were
i necessary, in the cases that were
discovered, but asserted that the
greatest danger lay In the undis
covered cases where Infection could
be so much more easily, spread.
The Windsor case was discovered
by Dr G. R Cruickshsnk. medical
health officer, who suggested at the
meeting that a nurse be employed
to make a house to-bouae canvass of
the city to locate any cases that
might exist and educate parents In
the care of children to prevent the
disease.
A meeting of the health officials
will be held Saturday afternoon, to
consider further steps to be taken
in the conflict with the threatened
plague.
All Ontario municipalities have
received a list of quarantine regula
tlons from Dr. J. W. McCullough,
provincial health officer, as follows:
Il> Every one must be oueran
tin*d for a period of six weeks.
r*» Alt children who have h**n
In contact with a <••** must he
quarantined and kept under obaerva
tlon for a period of ..
(3i Adult members of the family
who are wage earners mav he al
lowed to go about their work sub
ject to th* regulations of the provin
r'«| hoard and on the discretion es
the medical officer of health.
(4 , Where there la an outbreak,
gathering* of children, auch aa pic
nics. picture shows and playgrounds,
should he prohibited. .
(5> Th* source of origin of •• r n
cas* should he carefully' Inquired
Into in order that proper quarantine
may be maintained.
1 41 In houses where cases ap
pear. all doors and windows should
b* screened, the premises kept cl**n
and no accumulation of garbage or
waste permitted.
(7) All case* should be st once
notified to th# medical
health and hy him to the chief of
ficer of the provincial board.
(8) Mild rase* showing slight
headache, rise of temperature and
vomiting persisting for a few days,
with slight muscular weakness and
absence of paralysis, should be
que 1 snttned These are probably one
0 f • Mes e/.iirr#* of contagion.
(6) As Infant!!* paralysis Is a
m<’rti MTMrtia dtiMis and In tha prts*
*nt epidemic- giving a high death
rat*, th* public la urged to second
the efforts of the authorities In
every way In order to prevent a
severe outbreak In th* provlnc*.
HO) All materials, such as cloths,
etc, carrying secretion# and dis
charges from patients should be
burned, boiled or dlalnfeotad.
If the dlaeaae show# any tsndancy
to spread special quarantine meas
ures may ha nscsaaarjr.
ENJOIN BOOZE
PICNICS NEAR
MT. CLEMENS
MT CLE'MIENS, , July 16
Judge Olldey, In circuit, court, has
Issued an lnjunt&)n prohibiting the
holding of Sunday booze plmica
near th* property of Henry Vsnlou,
In Warren township, Recently Van
lou sold a small portion of hla fkrni
to Charlea Schrock. a Detroit saloon
proprietor. Th* latter, It if charg
ed, sublets the property to Detroit
foreigners of rarioue nationalities,
each Hunday and they In turn caaae
truck loads of beer and other Into*-
fonts to be brought from Detroit,
selling ih* stuff without a llcens*
The plcnlckerj. It if charged,
have each Hahbath disturbed the
whole nelghborh >od with th*ir loud,
boisterous, indecent and profane
language, and the community at
large la considerably aroused orer
the affair.
HARRIHBURG. Pa.—Christian
Endeavor delegates wer* *o shock
ed at th* nudity of the clastic mar
ble ladles before the state house
here that they refused to h« photo
graphed until the statues were
draped
SATURDAY, JULY 15. 191«.
SOLDIERS’FUND
IS INCREASING
Chairman Nagel Says SBOO to
SI,OOO a Week la Needed
for Care of Dependents
Public subscription* to the I)o
--iron Patriotic Fund an* renting In
• little more rapidly, reports Post
master Nagel. who If at th** head
of tbe organization
The requests for aid froir dt ind
ent* of Detroit voldiers, aho are on
the Mexican border, are being re
sponded to as soon as their case*
have been investigated.
"When the new order of the war
department releasing soldiers with
heavy home responatbiiith - was
lubllshod," said Mr Nagel, "the
public gained the imp re*lon that
they would be free immediately and
that thetr families no longer need
ed assistance The applicants must
pass through u formal procedure,
and some of them #>n\ nofv obtain
their freedom for week* Mean
while, their dependents must live. 1 '
Mr. Nagel save there are about
12,000 in tne fund now The calls
for assistance amount to between
s>oo and SI,OOO per week
“We did discuss the Ule:t of a big
entertainment, and aJ;-o a tag day,”
said the postmaster, "but with tbe
release of the soldi* rs who are
needed home and the relief that is
being affrrded by some employers
to their men. these r.ean* of taisir.g
'money probably will tiot l>e needed
Members of the fund have been
meeting in the armory every even
ing between 7 and 8 o'clock, hut
hereafter they will meet only every
other evening. It has leer mnns
ed to *-eud checks to dependents en
* titled to them This will -Imply mat-
I ters and obviate the o« limit) of
their ca’litig in perton.
HALF OF GUARD
SEEKSJIELEASE
Camp Routine Proves .Monoto
nous to Sol
diers
SAV ANTONIO. July 15,-Half
tbe National guardsmen on the bor
tier wdl attempt to obtain release
through the "dependent telL.ive*
provision of the n* w army order
This ►t.itrment wrs made today
by an oHlce.* of the aoufhern dtpaii
•r.ent naif. He *ald the wholesale
desire for release la due to the pres
- inactivity. A tarn pie or soni»
of 4he pleas, he >*H. were **M.v
father need# me In the bank,” or
‘Tro lot lug money by being in the
service."
"Such excuses will not go far, '
Gen Kuastoti said todya.
TREVINO FORCES
BACKDOWN BY
GEN, CARRANZA
by vsnuu rREBB.
EL PASO. Tex.. July 15 —Gen
oral Jacinto B Trevino loomed up
today aa the strongest military lead
er in Chihuahua state. He re-
I fused to obey orders of First Chief
[ Carranza to make certain arrests,
and of War Minister Obregon to re
sign aa commander of the de facto
army In Chihuahua.
With 20,000 troops, loyal personal
ly to Trevino, he Is ssld to have
forced a "backdown" and will re
| main loyal. Efforts to bring about
Trevino's court martial failed, as
the army would not oppose him and
he threatened to Join with Villa
General Ignacio Enriques, ap
appointed by Obregon to replace
Trevino, has been recalled Enri
que* probably will be plated in the
cabinet as minister of public Instruc
tion.
SELLERS LETS
NEWSBOYS GO
WITH LECTURE
Thirty-Are ne\v*bo)* *nr> were In
connection with JIM urbane* * during
the recent new*l>ovs’ strike were ar
raigned before Police Jir lire Sel
ler* In police cr. irt. Saturday morn
ing. and after pleading not guilty
to a charge of disturbing the peace
were ill*ml*.“f4l by the Justice.
Before Mling the newsboys that
they were at liberty, Judge Seller*
dellrered a short leciure.
"It's not good American citizen
ship to try .md settle vour ditAcul
tlea by force, boy*. You may go
thla time, but be careful In the
future," the tuatlce warned them,
YRaanr pahaom.
At Detroit.
DETROIT. July IV—l*p; Lout*
ravMnon, Hmfird, onnaort, 9 2*o
night. Hfelnbrenn*r. 1 a m ; Mataa
fa, Uonneaut, 1 ?0, Neptune. 1 <O.
rort. Hheadla, I 20; Ball. Rerwlnd.
I;S0. Midland Prince. 3 AS. Ralph.
Mlstee. Uoahtwk, 4; Wlrkwlre Jr.
Creror. Pre»<iue tale, A'IS, Palrhatrn.
Matda. I. Amaxnn, 6:20: Harry Jene*.
6 30; W O. Mather. 3; Jay More*.
• SO. Dunn. t; Colgate. t:S0; Pereaua.
10.10.
Down: Sonoma. • laat night; Slick.
Morrell. Riverton. 1 Jim Pert, 10; Hu
ron, A S fpaon, 10 IS. Beaverton,
to 30, Cornelltia. 10 40, curry. 11 IS.
Maytham, Vega. 13 midnight. B Ly
man Smith. 1 16 am.; Hartwell. *:••:
Sultana 3:40; Oeniurlnn. ISO. Ij»-
Bello. 4 Kopp, 4 SO; P. P Miller.
S i*. Oatland. «: Chaa. Neff. •; Sny
der Jr.. 3;30. Plagg. Warrlner. 0:10
Cowl*. I M; Oglanay. Tyrone, 10 IS;
M<-i>ougall, Jenny. 10. SO.
Local
CLEARANCES
SHOWBIGGAIN
This Week Exceeds tast and
(’orrespondinK Week Last
Year In Detroit
I>etrolt bank clearances for the
week ending Saturday, were $44,634.-
672.50, an against |34,632,292.41 for
the corresponding week last yasr.
The clearance* for Saturday
$6,1(64.633.66, and the total clear
ances for lkl6 to date were 11.U75*,-
464,347.80, at> against a total of $705,-
876.1*34.61 for the corresponding pej
rlod in 1915. F
The Detroit Clearing House aaao
elution announced, Saturday, the or
ganisation of a country check de
partment. This department will
have charge of the collection of
check* for Detroit hanks throughout
the state, thus facilitating this work
much in the name manner as the
clearing house has facilitated the
collection of local checks.
The condition of the clearing
house bank* for the week ending
Thursday, July 13, showed big gain*
in Loans, specie, currency, amounts
duo from re.-**rve hanks, amount*
due from other banks, and saving* '
and commercial deposits. The sav
ings deposits showed a gain of f 152.-
000. and the commercial $2.738.'MH»
over last week The total deposits
amount to $263,917,000.
WEBSTER MAKES
FINE SHOWING
The anneal report of District At
torney Clyde I Webster's office for
the year ending June 30. 1916. shows/ 1
iha* 105 convictions were secured
out of 115 c**oa in whtch indict
{ ments were returned by the grand
I Jury In seven cas**s orders of nolle
i phosequi wen* entered, and there
were th’ee acquittals during the'
year Twenty three easei were tried
by Jury, all the other defendants
pleading guiltv to the lndictmen's.
' There were 25 cases under the Har
rison anti narcotic law- rnd convic
tions were secured In every
only four going to the jur* Un *!ie
civil docket eight Judgments -vers
obtained against the defendants n
13 esses Two civil case* were dis
missed and in three other* Judg
ment- were returned against th®
Cnited States.
Pines imposed In criminal cas*a .
. during the year amounted to It.’.-
715.01, out only $8,665 »u collected.
Guide —"Didn't von see that b—r?
What's your gun for?”
Cholly —"ft gives one a feeling of
security, old top ”
THE
COPPER
ENIGMA
Because we have accurately
forecasted the copper market dur
ing the past two year*, we believe
our analyel* of the copper and
copper *tock alfuatlon at tblo par
ticulor Juncture ahould lntereot *
every Inventor and prospective In
vestor In theae ahare* It le not
*nap judgment, but baaed on Inti
mate association with theae mar
ket* during the moat Important
period In the hiatory of the metal.
It la contained In our
WEEKLY MARKET
LETTER
July 14, 1916
which also carries Information of
particular Intereat.
CERRO DE PASCO
KENNECOTT
RAY HERCULES
INSPIRATION
EAST BUTTE
BIG LEDGE COPPER
and other*
You may obtain this letter from
u* without charge, on request.
Mated stock* are bought for cash
and delivered or carried on margin.
Stock* having a quoted market value
ate acceptable a* security for further f
purchase*.
Direct Private Wire to our Main
Office. 41 Broad St., New York, and
11 Branch Os flee*. No promotion*.
CHAS A STONEHAM & CO.,
301 Penobscot Bldg., Detroit
Established 1003.
Cadillac 0150. No Promotions.
HORNBLOWER&
WEEKS
HRUIERS I
New York Stock Exchange
Bouton Stock Exchange
Chicago Stock Exchange
Specialists in Motor Car, Cop
per and other Shares
J. J. HAYES, Manager f
201 Penobscot Building
Detroit, Mich.

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The Detroit times. [volume], July 15, 1916, LAST EDITION, Page PAGE 8, Image 8
About The Detroit times. [volume] (Detroit, Mich.) 1903-1920