MERRILL.
LYNCH
6C0.
7 Wall St.
New York
C We are reprinting
in pampblet fonn
from the Wall Street
Journal of July 2lat
an article dealing with
the eitimated salei
and earningt for the
current year of the
following companies:
Sears-Roebuck
F. W. Woolworth
S. S. Kresgc
McCrory Stores
Acme Tea Co., Inc.
Jewel Tea Co.
This psapklet, L 123.
and any further infor
nmlion yeu msy desire
Hill ke o-siled on re
aaaai
Manhattan Railway Co.
Consol. First 4s 1990
Legal Investment for
Savings Banks in New York.
Tax Exempt in N. Y.
Secured by ? Brsl mortgage
,,ii practically all ol the
elevated railway Bnes in
M.nhattan aml Bronx Bor
OUgbl <>1 New Vork I'ity.
Price to yield 4.40%
Circular _5-l_:3
IRerlmmid a.?o.
33 PineSt. - - New York
STANDARD MILLING
RIGHTS
? tnatlun Cron Fruue*t l
Gudc,Wininil!*Co.
. ,- .v, h F rk 8toel Baeiaaaj.e j
20 Brosd St., N. Y. Tel. Rectar 8880 J
?t 11 tl.'l I M l> 1884.'
UnionTrust Co. of New York
80 BROADWAY
Fifth A? I BMfe Bt, I'lttb A. __ M-.h SU
Aliov.*. l_i.ere.it on Deposits.
ic's ?s Executor, Guardian. Trustee, etc.
_
DIVIDEND NOTK *E8.
? mii i.c r.iii mi iiMliilt RAILWAYS
i'oMPAN) 411 I.ONDON, I IMITKD.
< -,i Idi tm. Bonda of m?l
tatersat **
thr In for the hail .ear snded
I l'<r an
? '? -4 Hl '"
; tnd nurendi r ol
daj ei
'
Bank. Ltd . in t**r
York Trust Company : |
I . ?. . t |e Cl
. iiistion
. BMBt
-
MANDKLJCK, Fecretary.
-i \iin\i;ii aiij i in.. RAU way.
] i\,- Pl r < mt. \?li_i?tii*.nt Mort_?|te
Gold '?'? H -
Th? ? ts ol inl.rest
! r-pr_
I ir $12.7,0
? .-? ? Blati
,,.| \ir I in. Kailns-.. Co.,
? tary.
N- ?
PUBLIC UIILITY NOTES
Geaeral Newe and Earalaga of Variou*
(.'nrporations.
The rcnor. of tlie t'onsolidated Gaa,
Powar ( ompany, of
..! M-;ir ?
June 30, 1916, g ome of
1642,36"
better than in the jrear. Nal
ei and
aa in?
ter nllowin*.
? ? . and (i>-<iuc.:n_.
Ii ndi there remained
' ,831, a fraia of |364,
rplai after depreeia
tion ai s aad bond
? ?
Commonwralth Power, I.ailway and
I.iKht.
laooaie of the Commonwealth Power,
mpany for June
.; . 19 per eaat
ia groaa, which I 5. and
wi re $C58,
? 16 r* r eeat
Dividenda on the pref- ?
?ho balance
und divi
EOmoa stock was $73,
uf more than 41 per
Ohio Cities (.an.
Direct'.rs of the Ohio Cities Gas
extra stock
dividend ol ' on the common
t'i-r 1 to stock of
record Kovember 16. Tbe board also
r qnarterly cash dis
liun cent on the com?
mon ? ? Increaainej tbe saaaal
payable Sep
? r i to h record Au
j;u li
(.reat Western I'user.
The come report of
tbe Great We tera Power System for
June whieh ineladei the (ireat West
im i rnia Elactrie Goaerat*
iag, Great Westera
? OI t'alifornia and the C'onsoh
dau-d Electric cob panioa, ihowi an la
in irross operstinu
a hich amoanted to $.
i.nd ? rninge, inclndins othei
increased $41,6-13 to
? nf sarplai after
laten fur.ded debt and ac
, : ? ferred stock
_>f tba . Eli etne Geaorating
Company a i, a ^a-.n of $7,.<o_
umr June. r.'i;.,
?
KAH.ROAl. E'.l II'MF.M BONDS.
p?i
1.16
Rate
i- .
< i
?
-7 ?>_...
?
? '
4*.
??__ 4'i :?.
I.' - ?
'
?
I . ..
l-oulew
K Y Cti ? ?
. . .
leabeard
South.n. i .
)
H ! AeVi
4 40 4 a
4 4.1 4 ?
IM . ?
1.8 t(
4 4
. 4 ii 4 i:
t
4 4
? I
4
?
I ? 4 |
4 J1 4 M
4 1
?
-
? I
I I
4.6. 4 6
MARKET NEWS
AND COMMENT
Stock Prices Read as
Street Awaits Steel
Meeting.
DECLINE FOLLOWS
EARLY ADVANCE
Industriai Shares Furnish Bulk
of Business?More Reports
of War Orders.
Thc majorrty of stocks closed yc<='cr
day with net losses after a .session that
was marked by a rcversal of seiitiment
which gave rise to inrrensing uneer
tainty regarding the dividend action of
the dirrrtnrs of the I'nited States Steel
('orporation at to-day's quarterly meet?
ing. Steel common was the most active
stock, and with a turnover of f.5,000
shares advanced eRrly in the day to
8*7*4, siibseouently declining to a close
of M, wherfl It showed a loss of ? small
fraction.
In view of thr fact that tho qunrterly
meeting of the Steel board is srheduled
to-day, -he actiear of the stock was
watched with more than usual interest.
At the end of the day opiaion was more
drvided than ever over the question of
whether an extra dividend would be
deelared, although no one doubted the
ability of the corporation to make a
payment of this kind. In recent weeks
the Street has talked of an extra dis
bursement on the common stock of
from 1 to 8 per cent, in addition to the
regular payment.
ln a general way the mn of stocks
.followed the lead set by Steel. The
opening was strong, with some BUBBtaa
tial advances on purchases by shorts,
but as soon as the demand from this
quarter had been afltiafied pricflfl becafl
to ease off. Toward the end of the day
profit takinf* snle. helped i.long: the
movement. Definit** reports of new war
contract* plaeed with American com
by the Allies failed yesterday lo
stimulate speculative interest in the
shares directly atTected. I'nited States
Industriai Alcohol was a weak spot,
with a sharp decline of i> points. An
incident of the day was an advance of
13*4 points in Liggett & Myers.
Chief interest in tinancial eirdes con
rerged upon to-.lay's meeting of the
lirectora. The earr.in*; statement
of the months of April, May nnd June
will be published, and, accordinp to un
official estimates, the record of $1.1.000,
000 in net earninj-s in tha lirst qoarter
of the year will likely be aarpaaaed,
Vesterdny's estimntes ranged from
$72,000,000 to $80,000,000.
Oali loans reaewed on the exchange
Bt i*n BBr cent yesterday, with new
loans plaeed as low as "-'??. per cent.
Sterlinp exchanjre was fractionally im?
proved. The announcement that Pre?
mier Asquith had asked the British
House Ol Commons for a new 4\.4r
credit of $2^80,000,000, instead of
$1^00,000,04*0, f.- hud been expei.i,
had no apparent effect on atorling ratea
Arrangementa for a new Britiah loan
in this market are said to be proceed
ing fllowly, Kreneh exchange was firm
ycr-terday, but rates in Berlin aad
Rome declined quite sharply. The
Southern Paeific report for June dis
closed increases of 13 and 3.S per eent
in gross and net earninf-s, respectively,
but railway stocks did cornparatively
little in the market.
AVFiiAfiK OF THK TKimM:'.** UH
<)K ? UlftaU ItAII.S.
Jnly 21, yeaateraluy'* close .1 IK.SWI
.lllla M ' .11H.H77.
On* ueek am.H'lOCij
Onr nionlli a-o .119.'0(1
(inr 4rnr a*-o.107..51S
11 lasli for Jun*.l.'l.l'i"
_m f?r June.ItlJ***
lllgh for May.lt*M*
I.i4v f..r May .114.195
llifh for April.116.24:*
I.?w for April.117.4*3
?afl-i for Marrh.IK.O'IS
im. i..r Maarefe.H3.B30
11.K1, fur I rl.ruary. llfl.C7fl
i ..44 f.,r rtmtwmn.n 3.733
IIikEli for Jununry. 1 -" 1.7"fl
I ou fnr Junuary.III..117
n.4-1. f,.r DawtmBat.ItlJtat
lou f..r PecoBflbet .117.711
Hich for No-f-mbrr.1:1.433
I..44 f..r Ni.Ten-.brr.1I7.-1A3
Hlflh fa.r 4?(l..l>rr.120.H42
I.a.u for O. l..a?rr.109.125
IliK-h lor 1916.I 77.nn
Ua f"r 191(5.117.IK3
Hl**h. full .-.rar, 191.*..ISL4S1
lou, full >*ar, 1915.101.192
wi raoi fn raa TKiiu nk> un
4,1 I Vt 1 IA ? IM>1 STKIAl.r-.
.iui.4 tk, jamtatOar'a akaaa . BL4M
,iui4 ??: . J'i..'.io
4lnc week a&o. Mri.l.liii
(ln* nionth a?o. PB.78I
Ona- yrur aRO . ** l.K.'il
Hich for June. M"*flB
I ?44 f..r Jun*. IMI.imki
IIIkIi 'or >,u>'. ''; ?*'''
i^.u for May.80.050
lll-.li fa.r April.94.3S4
Lew *?r *****.tttsat
II it.1. for Miarrh.05.375
l?w for Murah.90.771
II i*l. f?r IVI.mary. f?l..V*l
lou f?r rmhtantt.91.312
II.Ki. for Ja'iu'wy.95.8..fl
l.ow for .lanuary.91.135
llik-la for Hrerml.rr. 1*7.140
1 a,u for llraemlier.94.750
n gli 'or No*rmber.97.40'* j
low for >ovrmber.93.771
High for 4><ta.l.er.99.700
1 .,44 f.ir Oalol.rr. 9I.44A
lliKl. for 19'.?. '.>.". .flflfl
lou for 101(4.?7.*S9
Balgtfl, "'" afflflW, 1915.99.700
low, 'nil year, 1915.*e.U? \
MONEY AND EXCHANGE.
MI.1<'.4I >.l-H-.\i Ms. .ONT RATK-For
pa;-- -aaturlnf ln la-n ilaya or lfa>. 3 l*r itol. up
. ? ( l?r ewt.
CALL MONK1 aptmml at :s P*r rei'. hliiir.t.
IH. loan . i
UMI MONK1 vaa- BUI Ratfl*, S.,.."*!, par
rat fo*
I .
1 . . ?
Ml I*.. A VI II K 1AI 1 I p?ar ti-nrtrnry
Ru.i'H ta>? 4?4'? ;--.? ?nl f^r U?l Marjt4. i.,,1
. . ?. I?.
'? CLKABINO li.trsi: *nUN8ACTinNB. ? Ki
? ? ( 4 ? - . 7 a I
a.ar> vaaa cradltoc ta. u.c aa
J
SIT TKKASi RV S>w V rl !? 4, ,.
! L'i.uOO. *J.J fallif.1 ?lr. r 1:1
la\ 17 041 Hfl
HAI. R-CflXBYg l'lSi'iUNT RATT*- I! -K
\\ l.l KI r rn: .Iaia. S [
, -, . |.l ilalrvhla,
'.??,. a.
. 1 . ? - ... 4
??'.'' y
i
? 4 4 , ? p*i i, . .
?>!?-.?? .4
a . ... . ? ? 4', .
4 4.-- -.:??
.. :.S. IlilrlJ ll anlj .!*>,. I, j.it,
4S
sii *. i k "a'.M r \>? r?rl ...
4 ' .
?? . I - . I -.
ri. ham
. 1 ?< r
I 7 I I fi ..a..?i?
NEW~YORK STOCK EXCHANGE
MONDAY, JlIM 24. 1916.
?,,??, gatao at stari*. Mond... 4.0.600. _*?__* ?_^S^^2J!
ree*, ***** am. s9s,4,H) a year ago. From J.au.ry I U -f**"^-?^
_2.9M.9aO a *.e.r .go. All quol-tlons, Including annual dMdrnd rate, are
dollars.
Quotation Range.
Hlgh. Low. Kmsl.
T'rV
lai
Acme Tea.#.
Acme Tea pr.
Alaska Gold Mines....
Allis-Chalmers .
Alaska Joneaa.
Am. Beel Sugar.
Am. I! S. * F. pr itfl
Am. Caa .
Am. Caa pr.
Am. Car * Foundry..
Am. co?l Prodaets. ?.
Am. Colton Oil.
JAm. CottOB "il pr. .. .
Am. Hide A Leatber...
Am. 11.de fl Leather pr
Am. lee Seeuritu-s.
Am. l.iTi'i 1 d .
Am. Loeomotive .
Am. Loeomotive pr- ? ? ?
Am. Smeltiag.
rim. Smi Itll.7 pr.
Am. Smelting pr A....
im. Steel roaadrjr... ?
Am. Baaar .
Am. Sagai pr..
Am. Tel. & Tel.
Am. Tohi.cco .
Am. Woolen pr.
Am. Writing Paper pr.
Am. Zinc .
Am. Zinc pr, ex div
[Anaconda . 8.600
Atlantic Gulf
.' Ateh laea .
;. Uchison pr.
', ttlaatit < ?4ast l.ine
Baldwin Lceomotlve...
;, Baltimore I Ohio, ex <l.
i Balt * 0 pr. ex div. . .
Bethlehem Steel.
1; Brookl* 1 Rapid Tranait
,; Brooklyn LTaioa Gas..
Brown Shoe Co.
Bruaawiek .
| Batte I Superior Cop..
:; Batteriek <o.
]n 1'anadian 1'acihc,
8 C'hnndler .
4 iCentral Lenther
-- IChesapeakc &? Ohio...
Chi Great Western. ..
4 ( hi. Great Western pr
5 (hi., HIL * St Paul..
7 Chi., Mil. & St. Paal pr
( hi., 1.. I i Pacific
1 jchino Con. Copper
( h;!e (opper.
Colo. Fuel & Iron
_ Comp.-Tah.-Rac. Co
7 CooaoL Gaa.
_ Coat ("an.
Cora Products
f> Corn Products pr
(uha Cane.
7 Caba Cane pr.
Crucible Steal.
M ( uba-Am. Sugar"... .
Id !>.. L I W.
Denver & R. G. rr- ?
s Detroil Edisoa.
8 Diatilling Securitie3
!>., S., S. <*_ At.
4 Electrie Btoraga
trio .
Erie lBt pr
E i.< neral Electric
2d (Ieneral Motcrs
7 Geaeral Motors pr
Ifl Geo. W. Ht-lme...
| Goodrieh, B F
7 (it. Northern pr
,60 Gt North. Ore. subs
H Grcene Copper
- Gulf Steel
f. Gulf Steel 2d pr
5 lllinois Central
Int. AgrieaL pr
? Ilnspiration Copper.j 2,400
laterboroagh-('on. ..
6 Interborourh-Con. pr
Int. Mer. Marine.
Int. Mer. Marine pr.
ter. Paper.
2 later. Paper pr
8 Inter. Nickel. . . ,
6 Ji wei Tea.
4 Kellv Spriagfleld
8 Kelly Spriagfleld lat pr
?; Kenneeott .
Lackawanna Steel
Lake Erie A W...
L' Lee P.ubber.
I ehigh Valley. .. .
12 Liggi tt A Myen..
Maxwell Motor.| 24,200
7 Maxwell Motor l't pr.
Maxwell Motor 'Jd pr..
7 May I?ept. Storei pr. .
Mexieaa Petroleum...
6 Miaral ("on. Copper...
M an. i- s*. Louli.
ouri Pacific.
Hiiiouri Paeiflc ctfs..
lai ional Enam. & Stp
_ Nui.10r.ai Lead.
7 National Lead pr.
1.60 Nevada Con. (opper .
? . m ft 1 _ Air Prake.
8 Nl -a York Central.
.: Northern Ohio Tr. A Ll
' V , N. II. <v H.j
1 N. V.. Ont <?.? W.I
7 Norf. A Weal.I
7 Northern Paclfl..j
'j I-. nnaylvania K. R.!
100 118!.
460 16%
128
800 103% 10.*.% 1(471
I Ofl S7 7 7
I.11% 61%
200 ?
600 I27*K 127%
900 111% 111%
4,900 ?' i .
600 40 41
1 N
200 1"-' ' 102
100 tt ' 98
I.400 60
2 K) 131 131
113% -
16% i>\-< +
' ? 124
103 |
gi r-7
26 26%
2.50 Philadelphia Ce.
Pittlburgh Coal.
8 Pittaburgh Coal pr. ...
. Pittaburgh Steel pr...
Preaaed Sti ?-! <'ar....
i Pub. Ser. Cor. of N. J
8 Pullman Palsee Car... 100 161%.161 %
- Ry. Steel Spring.| 600
- -.. ( opper.1 2.T11:
4 Reading .I ?'?.
2 Readlnf lat pr.| 400
2 Reading 2d i>r. 400
Rep. Iron A Steel.I 2,200
? p. Iron A Steel pr...
attuek .;
Lo. & s F. w. 1.1
\ r Line pr..
7 Seai ? Roebuek.'
Shefl Bteel & I. .1
6 Southern Pacific.1
i Porto Rieo Sugar pr
Southern Railway.
Standard Milling rights
44%
22%
12%
46%
47%
?
4on 26%
100 17
100
4.1.
22
(18%
47
4H
110
26%
17
3?
121
111%
66%
40
26%
102
M
i1.'1
181
161%
44
I
46%
110
?
17
28
12
111%
66%
41
102 4
19%
: 1
Sl
ii
23
.7
I
16
4.'.
II
26%
17
%
%
l! 124
-.
27
?N 136 ' 127
% 111% 1114
% 66% 66%
4 89%
% 26
% 1"!
'?? 97
*> V.t
%
14
26%
16%
-
100 1J?6% 196% 195% 195% % 1 15%
100 14% 44% 44% 44% -. 1% 41
97% 97% 97% ? | 97
116% 116% 116% ?
2S% 23% 23% 4
600 97%
100 116%
600 L':;1.
1.000 %
116
23%
41
26%
102
98
'.
1 ".2
ir,2
46
22
'_
44
4.'.
110
?:>?-<
17
38%
196
4T>
'.'7 4
11*.
23%
6 Studebaker. 10,900'129%) 129% 126% 126% -2
Tenneaaee Copper.; 1,400 26
Texaa & lacific.I IOO 12
ll
Texai Company
I'nion Bag.. Paper_I 100 54
Union Bag A Paper pr.j ioo 3?%
I'nion Paeille .! 4,700 1374
I'nion Paritic pr.
I'nited Cigar of Am.. .
I'nited Fruit .
d Ry. laveal.
I'nited Ry. laveat pr.
C. S. Caat Iron P. & |
I. S. Ind. Alcohol_
1 . S. Rubber . 1,600
l . S. Smelting . 4.600
40.1 192% 192% 192
5%
36%
C. S. Steel . 64.H0O K.
I . S. Steel pr. 1,200 118
I'tah ('opper. 3,100
I tnh Securit-.es.
Va.-Car. Chemital pr...'
Virgiaia iron. c. & C.
Valeaa Petinning.i
Wabaah .:
Wahash pr A.
Western Marviand.'
Westtnjrhouse Mfg. 6,000
orth . ion i.c
Willya-Overland, ex div 12.200 63
Willya-Overlaad pr- 100 l"7.'-. 106%
Wiseonsin Central. 600 ."1 64
V. i rth'ton Pump pr A. 100 27% '.'74
121 140. balanrr* |4 hl a-<v n.hanf** ,
1 a ... 4 ?'.:*. ci
..a:. <? ?. !". J. - - '.
I"HII..N I \< HAM",*.; Tl.- ?rr.,rf mark-4 '
. . I < a a ? .
i nn wrai
i ?? and 4i|hi ra'-. ' :
a ", I'ana
, - ? PV\ i -?. . able ?:?-..
?h 1 a . i ?? .. ' 4 , tMtfl fl 44 ,
1?4'abl*. *\*n ? >
- . . , I44j Qtm -
? ? . s.iu ?. i ,,i, 4
Ul , .
t ? '
TJ. S. Treasury Financcs.
W .- i ? I 1 - * ?
I 4 u I a* ef ? - . |
N ? . i "
7
i
. irar I. |f |f .,..-.
! a- 4 lutt-aj of lai.aa..
CflM H . ,--.? ? ' i.-a.ra**ll4)iu.
BRIEF WALL STREET NEWS
The June earninj-s statement of the
Southern l'acitic (ompany, tflSBOd y-?
terday, gives totnl fTBflfl operating rev?
enues of tltjktljtat, an incre;,*c (,f
$1.''.''i-l,0').* over that month in 1916. Net
eurrrinf-a after expenscs and taxes wi re
increased $ 1.L.'JL'.".?< 1 to $4,0\ ?;:
A semi-annual di*ridoad of $4 a share
has heen dflclflrad by the Pa
- ilfl August 1. Six months ai-o a
dii lead of $3 a share and $1 extra was
deelared.
Ii'rec-ors of the ftah Metal and Tun?
nel Compaay, it was announced yester?
day, have .leclared an initial di*
of 50 cents l\ shure, payable August 15. |
ALLOWS MILLS ? GIBB
TO BUY SPRING GOODS
Federal Court Also Authorizcs
Reorj*ani/alion of Branches.
The recelvera ef Mllla ? OIWs wWa
|t>?dfl importers, were niithori/ed y<*s
tarday bv Judge Jaliai M. Majer, Ifl thfl
Pflderal Ceart, te parehaee *.v"?.o"o
Worth of merchandise for next apring.
,|? ,|.li B. Martindale und J- HarBfll
p. ara the r-*ol**era.
Jidge Muyer snd thnt further pur
ebaeerfl would be allaarad If Beeeaaary.
Ha also ordered thnt one-y.-ur COBtractl
i?. -Bfl-U wi'h Charlefl W.Galla-*her and
ether salcsmen; that the Baafl for Ba*jr
lnr ifl the City <-f New Yotb be aaid
126,000 on two aaortajagea, toUHing
$7">0,000 on tha proporty at rwamjr
aceoad Street and PoartB Avenue, and
that eraaehea af Mills A* Gibb b* ra
organiaed at Mattia-fhaia, Enflaa-J,
Caiaia an.l Paria, Praaee, aad Bt, oau*
Switzerland. _
CURB MARKET
TRANSACTIONS
-
Stocks Improve in Early Trad?
ing, but Turn Rcactionary
Later.
Initial quotations among the more
prominent curb securities yesterday
generally represented a BBflderatfl
amount af stn-nt-th, ns compared with
thn previous closing levels, but these
early gniii.s in most instance* were lo-*
bflfara aaaa. la the Bfteraoon priee
movement continued doWBWBrd, and the
geaeraUy at the elaae dlaplayed
eoaaiderable weakaeafl. Midfala Steel
and Aetna Kxplosives each lost more
than a point, and Maxim Munitions
I yielded a good fraction. Kelscy Wh.el
| common, which was brought out on
Saturday. ended l'/i points off, and thc
1 preferred *? of a point. Btata Motor
i receded a full point. and United Motors
lost a frnction.
Ceadefl OU and Gas was under selling
' pressure 111 the late trading and close.1
i nearly a point down. Sinclair Oil, flftflr
early Armneaa, deelined nearly 2 pointa.
Standard Oil stocks were rather quiet
and about steady. I.o.ver prieea were
also prevalent 111 many of th<- mining
stocks, thoiu-h trading was actira in
; spots. Coadea OU tt lost a good frac?
tion.
INDUSTRIAL8.
BONDS,
BM. flflfl ?roa ?,-.-.
? ?. I
? ? ? . ? . '
? '
' - ? -? t. r?r ahart
INACTIVE YESTERDAY
INIU-STKIAL&
i.i v
? Am I fl ? ?
? ?>> C
M
t I" 47 < I!
?I.TH 1st pf I 9 :*
? ?
i ter...iai .?-.
?OUl, | . .
MININU.
? ? ? ? .
. . ; \i v u. m
I ..\!.s
Mo I* 4* w 1 -V7 77,
?t'Btltl I ...? t-arr thtre.
FRENCH LOAN SET
FOR SEPTEMBER
Will Bc Raised on fhe
Same Terms as the
Last One.
PLENTY OF MONEY
IN PUBLIC'S HANDS
Half of Those Liable for In?
come Tax Have An?
swered Call.
Ry wks GUTOT.
f? Mlnhter _l Publlo W.rlu. Editor "L'A|tn.t
li _n._r.il",1!* ?t f In.rul.r-..''
in. < ., ??? ia 'I'.- IHI ra - I
Pafis, July 24.?Tha "Temps." it
seems, is authoriaad to announc.
that thi* next war loan will be ir;
September, at 6 per cent, on the
same term.. as tbe last one. There
_S no Iack of confidence in it*. suc- j
eaaa,
It is ramarked that at the snd of
last May depo its in the principal
bank. had only deereaaed 775,000,
000 franca, despite tbe interruptioii
to business and to all sources of in-,
come due to the war; and it is gen-;
crally accepted tbat while, in re
sponse to tbo calls of the govern?
ment, the hoarded gold has been
brought out, bank notes are now
hoarded instead of gold, and the
eountry thus still has plenty of
hoarded money to call on for the
new loan.
The Paris Chambcr of Commcrc*.
hai put out a proposition for thf i
tontrol of corporations doing busi-!
neas in France. They have three
proposal -that at least a fourth of
the eapital of all coneerns doing
business ln Franee must be French;
that shan-s of stock repre?enting at
least a fourth of the capital must
bear a special stamp, showing tha*:
dividends on those shares will only:
be paid to French holders; and that
there shall bo special courts to con-;
trol corporations in which foreign
capital ls Invested.
Bankers point out that the first
two propoaals would be very incon
venient for the companies, for the
Hourse and for the public, while the
nationalization of shares will re
strain International credit.
There have been 166,000 declara
tions on the income tax. This is
figured by the Ministry of Finance
to represent about half of those
liable, but instead of making an im?
mediately arbitrary assessment on \
those who made no returns, more'
time will be given to them to m__fc_
returns.
It was feare,! that thr* raisinp of :
the rate of the Bank of Englnnd tOj
C. per cent, followed by a like in
ereaae Ln Inter rt on English treas?
ury bonds, would put up the Paris
London exchange rate, but, on the
COntrary, it bas jrone down, and is
t ow only approximately 12 per cent.
0N THE COtfSOLIDATED.
The marl " ith ? imrst of
! Stock Ex- I
'i he c
Allied war pa:n-. big earaiaga aml the
i of larger diridenda oa I'nited
l Steel common, which ere un- \
doubtedly warraated by the pheaomeaa] i
the i" pany, lerred to j
arouae boll ih enthusia n aftor'
. the preesore uf
atock Petro-1
? ?'. auffer ander
heavj rom 100% 1
? - Induatrial Alcohol !
liquidatioa, declining
from 115 to 1054.
BTOCE&
.. nifh. J/ow. Lot
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mon ?.!__- - . - I ij lUxk .
X. | I
NEW AMSTERDAM GAS COMPANY
lat Cona. Mt&e. 5'a Due Jan., 1948
Tax llxempt in iSew Yotk State
Price and particulnr.t on application
HARTSHORNE & BATTELLE
Mrmhrrt of the .\eiv Y>rk. ffa***fl B >>>?'? i'
25 BROAD STREET NEW YOej
STOCKS IN OTHER CITIES.
bal*?.
BOfTTON STOCKS.
WHI
Opam. High.
l.i,w. Laaat.
l . A
,111
I a
- .
. 4
1%
... >:,.. <
1,414 Li itte i - .
.?,? . alu**** ,v ?'?
Ifl .4. .1 > ? II
I i ,] l I I 1 ? ? ? .1
m fraakUn ... a
4., ' ,1.11./. '
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13.? Imiui 1 ' r.a-k
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li .-.-,:? Uuitfl ... 71
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4 .? 13
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annon .*
<7. Shaituck ...
I t Mhi > a I.in*. ~S
Sl iBuper * i mtaax 3t|
? , . ' ? ... 4
1,015 ut*h MeUlfl ... I
to Victoria . ?
10 WlneaB . Jjt
11 \\ oKerine . I*.**
RAILROADS.
1 Boaton -c AB?.-iana ***_
i? iio*ion aaev .... "? ?'**
?Jfl BofltOfl i Malno 44 44 2
7 W K11J rr-t Hy... 'fi W
M1SCLLLANEOC3.
II Amofkfai- pr ... II
... '. M,.-r.'... 7:!'j
1. 10
? m 1 - - Oaa ? ? ? 1*1
tt Mergentl 1 ? ? ? ?' ?
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iip, 1 , - .
.
-.Mfr. & <:o. l .
;.; T..irina;ion ..
l.li.i 1 *'. 1 h :i
Ao pr .
l.i--. V.-i.tuia. ou ..
bond.-;.
H4Q ]nt t
?-If. ft Co 5*
Ut* Watt I a I l?
UO.STON CUEB CLOsiNG.
ri
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Aivarado ... ?'?*
. . | '.aa. Uc
IHflBlfl . av**
Uohemta. 14
lsr,*ti,n Arli l**j
1 o?ton 1
Boaton -V..i.t Uc
Uutle a l- <JV
4-..
1 i Iron 4'ap - I 1
B 1 ..;> BC.. Mfl
Jerocne *? -rde li*t
31o
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flrls...
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7. *i*x Ma-tal*.
IA Hola.ee ? wa *
1 i-i a z ..
, .n.44 baiu .
i N*4 IlO .g.-l.H. 1
7,'a New . *i.r:.-i: 1 124
10 Nt* I tari 11, 7
1*6 Slxon
... Copemt.. 10c
.
?11 r.iira ... . .
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aater...
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PHILADELPHIA ST<?( ks.
BJeJeaV Open. High. Low.
I Am r,_ . :
: ...
Btor
7 11 .v l.i Top pt. ??
. -, -.
150 L * 10*6
I
1 ? i a.%
4 .- 4
:?i Union Trw. tt"4 -^ ' ?
? ?,-:.. u ?* ?""a
.1 .1 . 41 41 41
". arwl. * 1 ,t s '':-. a 1
? ty * 8 8 4**6 ' l -1
ir) V rK K>a . U Ij U
no*.
I ,.;. tVn Tr 4. ? . ?? N
?! a " .
| Rya Ifl 71 II T3
.
PITT8BURGH BTOC18.
Open. High. Le*a.
i ? An- '." ?;: m-eh ,
lO Pt 4 J 1 - t
?
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. I 4 1
1.: de ?-. :o N 7'1
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ta hi
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...
? ,-'. B ip 114 4. . ??
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71 73
n Peopie*a i*ipea(-? 34 74 :?
1 3 -
I.t-M San 1 M M M
Ifl LT 8W fl -larrni llt 114 114
'c I'nr.ni " l4fl
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.. P : fl W P ll II
BOMD8.
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44
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41
1 ?
ti
7.
I a.-t.
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61
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73
II
II
111
Mfl
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HALTIMORE STCK'KS.
Sales. Open.
Ul Tul* . 1.1
?v of Ualt... II t
High. Low. L.iit.
l ...?.
iu
113 i
I
Chemlc4Vl..
M In.lu .. a
',0 Maryland Caaa K<
ai a i".vr. .>?
II ; 'nlt h>.i A Bl.. - '
BONDS
? -
v a 4.. ? on .
1,000 Jer Cent ti -
".000 Mllwi ' . .
la 1024
R ,v K fdf I ? .
I ??? :.. ;>t is. ? -.
,\ Um a, Wel i
l i
114
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47
11
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107*.
1 '
113',
414
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100
flfl
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114
4,
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61
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100
4
a
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CHICAGO STOCKS.
Bfllflfl. Open. llrgh.
i Booth Fleh pt it
. ; ,i- : ! .. ' '
io Han B .v m UWfl
i.lght... S*6
. 114 114
. , US* 1_(
?7.14 Sw.ft ft CO IL U*
a 1-7'
.? Pflpat U< j- :
l Jo pr . ki -i
?ONDi
j i.r.... i... ior, ioi'4
4 ...? .':... K>- H '??" 17
Iwlfl .4: .*?> ?'-- I'" 4 ie?4
ir 14" ' . .
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Low. Laat.
: .
lel
II
M :i
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1014
-
:
I'CUI.IC l T1LITY SECLKITIES.
BU.
?Am I. fl T 3' '
?<Jo pn ?
A Hr I l'o** -4
do pi-"f ... 77
Ifl 1. 744
?
Am I* fl l.i H
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Am SV ft K T
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r
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?4.4.4
371
111 |
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W*?t i
***J Pra-t. tt
13
14
? I
a
?0
7 ?
II
*ia dirldciid. M'ar ralu* tit.
DULL TRADING IN
j LONDON MARCj
BwImm Halts PendingPW
Asquith's Uar f:\pcndih.*,
SlatofTK'nt.
Laadaa, Juiy 2\ "?? ? ? ,- w??;irv.?
dfm_ir.'l and oiaeount ii''< _.rt
\ to dalnei i pea ling I r _w?
in conncclion with a, new voUoIqm
The te ind tkte
? ataoflt
honm
tl
i
rm fi
in the
?
trading. l
? ey leaaed ? ? ? i aaal ;
count ratea for i.r,ort .. . t;.re. **
'?? ,
Gold pretnium at LIsbOB, .5.0..
P.-.ris, July 24. Tradiag m ^..1
on the Rour-ie to-dr.y. Three !?_?_
rentes, 64 franc. 60 eentimei Imeai
Kxchanpe on Londan, 2*- f ran-i.
centimes. K:ve per cent '.oan, %fxt.\
70 centimes.
LONDON CLOSING PR/CB.
- 8. (___,
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-
>
_
l
.
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Mo. K l
x y c?
.:vanl?_ ... ' .
....
?Kx _.-.
INACTIVE STOCKS.
The f?
bid an :
ara liai
on the Stock Exchaaga
iy.it*1
A , t i
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tctT. . ? 4
Am \.\.
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BHORT TERM N< \*%\
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l'or.i_.n Governrr.e..t l-'ce*.
Ari-?rt!i ,25 i>
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NEW voiilv CIT1 BONBt
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DAILY WPORTfl \M> KVfORl*
I>a:ly la | W *'. ?
era! merehandiae
l w
York n i ,??*
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