Newspaper Page Text
THE SUN, FRIDAY, AUGUST 1, 1918.
IX COTTON CLOSES AT A SLIGHT DECLINE I wheat It loo fur advanced for any moans namage." Chicago prices! Open- . Wheat i July. . . . September. , Dicembtr .. Corni Jul September ln M14 fw Crops Move Within Nnr- W'X&r. ':. tf row Kanm, Miil.1 July llllli- V. , 88V, Klurtiliifcs Wildly. t-ow. rt 4 ssu Ms f.r, 4i r: ins Clot- rr I in dote July ; r o Scpttmbcr. 40V 4in December.. . lt'.-4l 4i4 yew York wheat prices: Open- lllch l.ow In. ..! 1 Julv . . rc.u. v.i. IKT1.KSS DAY IN MAIIKKT ttmr mv, mi ' Other w M't l. ttl M Ml, 4t 41 0O88IP OF WAIL STREET. 4', 6't 41 41'. tt! Mi, M I Other wheat mnrkots; Huh. Mlnnespolu: Open- Lou Covpnimi'nt Report Expoctort to Sept ember.. ... . 1 "-P'.mner snow .Modern. c Mining titr in Conditions. Duluth! iJulr . .. 1 September. . vxinmpcr: July October December Ini. ee. e. Inc Mi, sS 7t KK '.i, !" M)t, , ki, l. kit, si', H V,x4 Wi. XS 90S lw Mi. 8i x.1 I Clo- Prev. In 1 lor; 94' Clo- Prev cloec 4 Oats fB.iO The cotton market was steady nnd dull, i Itccelpts nnd exports were; A rise of nearly 50 points In July failed . Wheat Corn ti arouse active Interest, lis It wa9 merely RecelpteNe York.... s(..tni) ll.oon ,.,e exciting finish of the contract, which 1 SSV'-i.rt'IrlS?' 1 -OM1 ., ..I at noon flood commission house gVrrrd ' ... M:C V cvSoa ,. t.g of Icinbi advanced thai dc- , CRrlot wnent rocCpts nt the prncipaj ivrrv to 1 1.26. nnd other new crops ad- tiolnta were: t .n a rew luiin in symyatny l.itor Yrster 1 1 was a little s.-atteml tealUlns ! u.v .. h.el, rncci.fl nrlre a lltttn Ik. CMcaan 7? ire. iou closing, and at thin level the i jf'P.'Kf to1" m The Two Steele. Previous lo yesterday the high tiolnt reached by Hteel common on the present movement a J'i. It had reached that t& point on two separate occasions and seemed ttS to find resistance at that level. Roughly , " speaking some lii.t.io share were turned j4 over at SOJi on Xlo'iday and Wednesday, uiai amount appirently belnu sunirient to check the advance. Yesterday morning the stock rose from MW to 0 on trans-1 action of about I5.0f.ai shire, the largest ' I I ,1, nf .nl... n .. ...la., k.lni. f tl Ml V 1 -hl.ir. .11 .HIT- 4.1 1- Urill4 ...'J'r mJ share at an',. Hut If Rteel common nave j la hlroiiK hull tip on the charts hen It nroKe inrouaii me round nsure, It witn- i drew It almost Immediately Only S.-ViO share Wert, fllrn.wl ni'i.r nlinvn MO Hleid 1 coiiimon has hod an extraordinary rise In the past few weeks, wlntever way It Is t looked at. hut the impressive advance In the preferreil stock should not bo lost sight 105 of. Steel preferrel a little over a month i ao sold at in:'1-,. At ion Steel preferred Is M ; nnly 1J. points below the hk'h of the current ' year and has thus cancelled a decline which was bedlnnliiLf to be reif.irded with curiosity. "SAFETY FIRST " This Imp bot-omc n maxim with railroads. Why should ft not bo a maxim with investors? For generations stale and municipal bonds have been resarded nmonR the snrest forms of investment. Therefore many of our soundest institutions invest their funds in them. The security hack of such public obligations is based on the faith and credit of the entire community issuing them, and also on a lien against all taxable property therein. Heretofore these securities have been out of reach of the individual, owing to the small return; to-day they afford exceptional investment opportunities. Their safety makes them eligible under our stringent laws governing ravinax hank ami trutl funtlt, nnd they are acceptable as security for Pottal Savings Fund drpotilf. We specialize in nnd can recommend tat-ricmpt municipal bands of this chnraeter yielding 4' , and over, nnd will wipply detailed information on request. It. W. PRESSPRICH & CO. Bankers 27 Pin Street New York City mi-ket c'osul, Delayed ahort covcrlnjr rn 'lie traon for tin- wild fluctuation ' lv The market was very ban: of r T rlims and lilddlni; for relatively gmill I. ks lii .i'u the prlei to 12.2.., after wr i tVii w.i a n "J.", point reaction. crop contracts backed and filled niilmh W.nnlper Tot nl Cash markets wen- follow; Wlunt-No. 1 to arrive f o. b.. O'l'. U Lstt ttr.lt t.;j n M it I.Mt .! C .' :fc :.! firm. Cash prices Northern sprinc No. 1 Northern at Minneapolis, 87 H: No. 2 red winter nlthln a narrow ranee and were traded ,0 arilve f. o. b., fir.n, , ;,. ; )mr,i f. ,,. b. n I Kh! . In eomp. r.soii with so.ne of the . 10 arrive, Jf.t,, ; No. 1 .Manitoba iro-' . . e da s of the recent paat. Much n' t'-e tiad'-ic was of nn evenlmt up i1- r I r prompted by the fact that the i'oH'itiept report on the condition of l'ie ton will I... made public to-dav The Hi-. .1 ciilnlon of traders Is that the rnu iv will show a moderate loss In con ' "ti as romp-nd with th- June estimate e' - i tut they preferreil to withhold f'l tments until the showlr.K Is out. .o'lt.iiimnce f ,rv. hot weather 11 In intern bt It. and (aiecialty In uMiHi.aftirn Texas, a banner cotton rais .ip sh'I mi acaln discouraged the bears ffeti a!. mptiiiK to garner profits on the -hnrt s.cle. Since the culmination of the i .led M ,.t the ind of last wiek the mar V. t :.as l-en subjected to little pressure, ma i U because traders with bearish In e'ti.i'ions were unwilling to sell heavily In t' f faie of Texas dnmace claims. .'er.l r.tat'ons In Texas reportctl tem peratures ranclns from 100 to 101. and In a number of iwlnts In Oklahoma the tl-crmometer registered as high as 10 rteerees. The New Orleans forecast was for generally fair weather In Imth of these States. Should no relief occur for several ila bearish sentiment Is npt to disappear entirely but as one trader remarked. "Nature generally steps In when things bepln to fret too bad." Spot cotton was quiet and unchanged ; mlddllne uplands. 12c ; mlddllmr Oulf. 12 2S. Sxit cotton In the principal South ern markets was Kenerally unehanRed. Onlveston. 11 l..l , N.w Orltans. 11 15-1: Houston. 11 "i. . .Memphis. 12; Savannah, 11T ; Norfolk. 12', St. Ixsula. 13 S-l. Futures here closed 2 to t jiolnts lower. Prices were : to arrive. 10" a;. Corn No e. I. f rail, 7.11... export, f. o. Outs-No. 2 white. 47'..; No. (RijfiiR, standards. 46". ff47 f o. b. yellow, b, 73 ,. 3 white, Hy Open- Hlih- Low. Clo- I"rev. Inr eit ev mr clos iir . n.f." 12 :s u fl i2 w n :i 'iitt . . tt it : it r; n -t n tt. 'klolwr II 27 II 2- 11. "S II 22 it 24 .-mhcr . 11.25 11 M 1111 11 1J 11.22 "nuery . 11 1.1 II is 1! 11 11.11 u 11 M-"h II ! tl.Si lt.J 11 20 11 22 The New Orleans market was steady after the cloaln-r here. I'rlces there were Oiien Hlth- Ixiw. Ctcis- Prev tur. est est Inc close 'Hie 11. S- 'irnt II V. It.fl) ll.r- 11 M 11 S7 "eioher II. 2 II M ll.r 11 It II - Il-.-mber II 2C 11.31 11.3 113 !'. The Liverpool market was steady. Sialt totton was In moderate demand, nilddllncs unchamjed at 6 SSd. mat-il sales. 7,000 W'Us. Frlres at Liverpool were. Oien lllsh li Cln. ine est e! luf AupSept f..Ui, r. 1 ss", n Nov it M c P H .o: iw Jn 01 K c not, s e; 11 .V. M bids to Liverpool were li October, tl 2"; January, 11. lo. ira-kot there Is due to open to-day I -lOlnts lower. Tort .ccelpts and stocks were: Ke- Last Ship, eeiols yp-r. menu Storks. 2 1.W2 Rjtl- l're clOe Ifl, t..r ! Jill". The i- to S-7 I. .-he-ton New Orleans. St tnnah Charleton N-rlalVt . Wilmington Mobile Interior receipts were. 741 -J.K7 P.M2 2.-34 year 22.7S1 -s.son :i.iw 3.32.". 1S.72-. 32J .No. 2 Wistein. c. I. f New York. linrley Mnltlnc. c. I f. Ituffalo. ls"2. Hour was steady, llour prices follow. SprltiR patents. 4.90; winter straights. i.fn Kansas stralphts In sacks. I 2.'i' 1.3." fptkis cbars. 4 20'i 4 10. MISCELLANEOUS MARKETS. t'ofTee Advnnees Mlitbtlv nn l.luht RiOlriK tinier. Coffee elnse'l steady yesterday, one to 1 points blither for the active months. The market was dull and hrnvv. total sales for the session nKirreRatlni- but 22,"rl baits. The market was listless throughout the mornlnc session, with no price change of Hlt-nltlcanee. CahlPs ex hibited little chance, although the Itra- illlan markets were Irrettulnr, Trnpea nt icoiila tiir. The last few trnnaetlon In the prlnelpil ' Internatlonil like Krles, ,.maillnns, Steels nnd Amale.muitnl inch day now are suld , to e-hiblt traei of the operations of the speculator who unmble on the London orenlmr on the follow Ini: day 'lhls liUlte a favorite operation with some traders in the big commission houses, especially firms with foreign connections. It If not strictly an arbitrage transaction, but rather a speculation based on a guess hh to what the foreign market In Americans Is likely to Ho when It resumes business net day. 'I he speculator of this kind does nothing until the last quarter of an hour of hui liess. Then he cither bus or sells a few stocks here in the hope that he will be able to undo the ttnti-n tinn next morning at n profit. The profits are not usually big, but If made oftiti enough they mount up lliiring the past wrtk the Iindon market has made better prices for Americans on ever'v single day. and thl semi-arbitrage simulation proved piotltable for quite n number of pi ople. IVeiillnr llnnd Market. 'I he general bond market on the Stnok j Kxchange Is descnbiil as a most pceulltr one In some respect. Outside of those I bonds whiib are actually offered for sale ; the market I said to be practically bare , of securities lilils at slightly higher prices do not bring out bonds. In other word the better class of bonds generally speak ing no longer appear for sale even when Inducements are offered This i not the I less remarkable because there has been Traders assumed a waiting attitude I unite a recovery through the list In all the ' which has charactcrl-i d ncent trading standard i-oies t or some time naoK trie and In default of encouraging news from bonil market has impressed the shrewd Kurope there was disposition on the part ! observer as being one In which every of the bull element to advance prices. llcceipts nt both Santos nnd Itlo are con siderably larger than a year ngo. That the new crop coffee will soon be thing has been liquidated that could be liquidated. There have also been plain signs that the Investing public has been i nibbling and that a gradual absorption dumpid upon the market is asumcd .is;,,f old faorites has been going on steadily a fact by the bears. On the otlvr band ' ,iri nhly t lii volume of thin tlomimi ha not Capital, $2,000,000 Surplus, $7,000,000 CO Broadway Fifth Ae. & 34th St. Lenox Ave. & 125th St. Third Ave. & 148th St. 60 BROADWAY, NEW YORK CITY Coupon payable at thit office on or after August 1. 1913 Auburn A Syracuse Kl Ry. Co. j Portland Ry Light & Power Co. 1st 5s 1 jr. 5' f notes Poughkeepale. N. Y., Grade Sen. 4 Us Beaver Dam Water Co 1st 5s Beaver Dam Water Co. 1st ron. 4s Bergen Co.. N. J., Berrys Cr. Bridge 4s Bergen Co.. N. J., New Co. Bldg. Is Buffalo & Susq. Ry. Co., Kquip notes 5s Chesterfield & Lancaster R.R.Co.lst 5s Kai-tcrn Steel Co lsl 5s Great Northern Power Co 1st 5s Jerseyvillc Illuminating Co General 5s Metropolitan Bldg. Co 1st 6s Michigan Power Co 6s New Orleans Gt. No. R.R. Co 1st 5s Oakley Foundry & Eng. Co 1st 5s Pitts.. Shawmut & No. R.R. Co Poughkeepsie, N. Y.. High Schs. 4ljs Salmon River Power Co 5s Safety Insulated Wire & C. Co 1st 6s Santa Cecilia Sugar Co Deb. 6s Schenectady Power Co. 1st 5s Sing Sing Electric Lighting Co 5a S. Carolina W. Ry.Co. 1st 6s Hart.Dir. Swett Elec. Lt. & Power Co. A.L. 1st 5s Syracuse. N. Y . Reg. & Prln. Taylortllle Gas & Electric Co 1st 5s Twin City Ferry Co., Sinking Fund 6a Union Oil Co. of Calif 6 notes Wadesboro, N. C Rec. ctfs. 5s I World Review Co 1st 5s Due Augutt 15th East Rutherford, N. J.. Borough of Sewers 4's Dividend pauab'.e August nt, 9i:i Mi Call Corporation Cotntvoi Stock. reai lied tremendous proportions, but It may be significant that the Fourth Nations! Hani, in Its monthy letter reports the dis co cry In the lat'fortnlght of nn Inquiry from ivings banks and institutions which have kept out of the market for mauy months past. atocKM here are running lowir and lower and It appears only a question of time when It will be ntci'ssary to appear 'n the . market for new supplies. The market was a nominal affair in tho afternoon. The spot market Is linn with a scattering demand, but oontim"rs are holding off for lower prices when the new i crop appears. i The Havre market opened unchanged ! and closed "4 fr. lower. Hamburg started unchanged to i, pfg. higher ami finished l to '4 pfg. lower. Hlo No. 7 was 75 i 1 he ai lion of the (ieneral Chemical Coin rels lower at 51450. At Santos No. 7 I puny in -irrangmg to uppv its stockholders was 60 rels lower nt 51100. while No. 4Vtti i a.irterlv report in future doe not there was also 50 icls lower at .itSUO. j t.an,. ,0- ,, ,rtlcul.ir comment It Is otilv Rio and Santos receipts totalled 77,o0 , another indication of Hie gradual extension bags, against 12.000 bags last year. : f ,. ,10i,.,. 0f llH mmiilete publicity as Sao Paulo had 54.000 bag, against 3, .000 . , f , , , ,,!,,. lor ,,, U.000.a Jum,lahy ba8s- aKaln!,t timers ,o inngine how the greU change I IHl I H.l! LUIIlr UUtllll 111 I III'I I I J M I III I r-x.f-111 Railway Equipment Obligations The succcss'of our first book on "Railway Equipment Obligations," published in 1912, has prompted us to issue a second edition. The new book describes the equipment .issues of the principal railroads vvith information revised to May 1, 1913. We will be pleased to hand you a copy upon your personal request. Ask for Booklet R-401 Guaranty Trust Company of New York 140 oroduwav rifh Avenue n ran eh, nth Ave. 43d SI. Capital and Surplus Depoaita t.iinitnti nKM 83 Lombard nt., K. C. $30,000,000 . 176,000,000 $14,000,000 WABASH RAILROAD One Year 6cc Receivers' Certificates Authorized S14.(0".(.l I Kurd Alltun Ikt. ltllS. Interest pnyahle February and August leaned $t4.non.om Hue Aiikusi 1st, H14. BY DECREE OF COURT THESE RECEIVERS' CERTIFICATES ARE SECURED BY A LIEN UPON THE ENTIRE RAILROAD OF THE COMPANY PRIOR TO THE OUTSTANDING $10,600,000 FIRST RE FUNDINQ AND EXTENSION MORTGAGE 4's AND $39,200,213.33 PREFERRED AND $53,200,213.33 COMMON STOCK OF THE COM PANY, AND ARE ALSO SECURED BY A FIRST AND PARAMOUNT LIEN ON LOCOMOTIVES AND CARS COSTING OVER $7,800,000. Thee ccrtifk.'ites .ire issued by the Receivers under .mthori.-iition of the United States District Court for the R:itcrn District of Missouri for the pur pose of refunding the SH.OW.OOO of y"0 Receivers' Ccrtiticutes dated Feb ruary 1st. l'JU. and maturing August 1st. tU. which were issued to provide additional equipment, discharge prior liabilities, and to rehabilitate the system generally. PRICE. 99.05 AND INTEREST. YIELDING 7 THE EQUITABLE TRUST COMPANY OF NEW YORK :l? tt.VI.I. STItKKl PKNN'HYl.VA VI A .lYSTH.M -t.lNKrt Fnr June 1U Tit.r neer rev It: 3SI I iTtitr.l expense lite taxes i.i'tf. . " I'libllcilr and Speculation. Net epr rev IJ.JTl 9!7 Inr Jinuar) 1 to June JO Total eper re li:4.T; 340 Inc Totsl expenses Inc tuxes IOS.O'S.759 Inc HAST lo ,m: IKH.IHJt.S 4IF rilWT mokthaci: Chinee .. . ..I-.,, i,r inr. i.xir.i(.i j inc ii. is: 073 i sirin. imii'tM iii i ah;im i. io.ii: I li.e iinriersined. nriTi.or to the Knlrktr. border rrut fomiwiy. s Trutee umler the uriKiiKc nnutc reicrreii 10, iioirrr unaer au- I 449 Sl Net eper. rev IM.LSl.S'd tec. LINKS '1T i?.;oo 3j: !.?i)i ;.c II 11.419 New York and New Orleans ware house deliveries of Uraill coffee on Wednesday amounted to I4.33S Kiks. For the three days of the week dellvtries totalled BS.45s :K. Pries win-. Huh- Sale et. Ixiw- shipments and stocks Memr.hu AlllU'ta Sl 1.0UIS lillle Rork 'ialie.ion Se Orleans Ite- Last Sbm teir.H ear menu Slocks i:: t; . . jo it tt U9 l.SSii Esiiiri-ed rmlpls to dsv I'.W: Il.!l 11.014 11.317 Last V Vlt 1.134 17 Last Ter !!l 319 La it yesr, its M to tOO COTTON MAtiKKT NCTE8. Journal of Commerce makea the con dition of the crop Sl.l. against 80.9 laat month and 77.5 lart yeHr. and. contrajit Ins with a ten year average of 79.4. Norman Mayer & Co.. New Orleans, make the condition of tho cotton crop , at compared with the Government report of M.k last month. The Glim report makea the condition nf the crop 81.8, compared with 84.8 lust month. This la a decline of 3 polnta for the month. .lulr Aui-tisi k-M mlwr ." 9 li O.intwr . . NovenilsT . ... IV ember SJ-V 9 41 January. February Mircb . . April . . May June Total sales were 22,500 bans. Provisions woie steady. Oash l.o 9 71 9 13 t".ni 9 51 9 rjt years uould have a.'touislutl the specula' tor of a hyitone Keiieratlon, who hemoaneil the innovation or the new ticker on the k'round III it it would he the death of specu lation entinly. A a m.itier of fact il a the end of a particular kind of speculation, lei.iue It ineiint that every one. the public included, received the new at the :iine time and the elimination of the ttolden oulil always For June Total opii re . Ill.57r. .'.( Tel.ii expenses lm taxes. . 9.SfC.: Inc ' Net oper rev .. I1.H9.113 tec. ft InniLirv 1 In Junp 30: Totiil oper. rev . . I60.i!.i43 Inc. Total expenses Inc. till f 4 i.7i: 3:i 97 J3r. taxes N't epr rev I i .r .nine. 1 Total eper rev Totsl expense ln taxes .... 13.491.304 lm. Clomr 9 7ll9 73 9 0"lt9 9 !7l'l 1 ''jlHSx" lmml,"'' "'"I ,ll',t f,'tt 9 Mtli r.i cn'" "" ni'ijority 9 4iri).4' , IIH lis. S Mfi9 67 n i 67U9 f 1 9 Oil 9 C9 Bull Sliinth. I7.IA4.93 Dee I33,t0t: 739 Inc . :,44:.o inc. i;, no. nn i 9.037. S30 j 3.l.;-s 1 II t'i V 4 3 U 17. HI. 131 Hec. $1 Net oper. rev Jnuar 1 to June SO Total oper re ll.',73,l-t In' Tills) expense Inc (axes I'.i. '77 0(11 he 140 thorlly of siilil ii'oriir.iire to expend the sum of Mxl Thnii'Sial l lclil llumlrcd Thirty-one nnd 17 lm i.vyi,ii i;i Hollars, for the p'irchae of boml nf Ald lue. prulded Ml.l purchase can. In It opinion be rm made silMvnla s i-oiisly S'.ili'd ofer of said botirts tray l' sent to the ( nlu'i b!a-Knlcl.ert.eckrr Trust t'oirpany. ft) llrruiilwav. New ork. nn or before I'rlday. Sep le'i 1st Jtn. 1011. al 1? u clucl' nmin ' COI.PMIII V K.MCKUUIKIf KKIt THPST CO . 1I.V lilUiilliK i: WAHUL.N, Trul Officer Haled, July 31, 1UI3 $16,500,000 Republic of Cuba four and (lie-half Per Cent. i.oiu minus iiue ittin Kxternal l.xini Pieiiions due August 1. In, of lh' atsne llond will tie p-i'd on presentation al our oBce en and after ilmi iliie SPEYER & CO. New m v. July : fill TO TUB IIOl.DI-RS OI; Wabash Railroad Company 5'V Receivers' Certificates Due August 1, 1913 Notice is hereby siven that the nlxve Certit'icntcs innturine August 1st. loi.t. 'sill be paid on and after that date upon picsentation and surrender of the vime at the office of The l-quitable Trut Company of New York. No. J" Wall Street. New York. New York, July Jlst. 191J. FRHDKRIC A DHI.ANO. ' Heeelver. WILLIAM K. HIXBY. S IiDWARD 15. PRYOR. : ReferrinR to the alxive notice of the Receiver of the Wabash Railroad, the undersigned offer to holders of Rt-ceiver' Certificates maturing August 1st, mix the privilege of e.ch.inuin the same for the new i Certificates due August 1st. 1114. descnlvil atwe. A cash payment of f.5() in nsix-ct of each yi.ocxi certificate will lv nude to holders acceptinc-the offer of echatve. This offer is suoject to with 'r.n I without notice. THE EQUITABLE TRUST COMPANY OF NEW YORK a; wall Miti:i:r New York. July .st. loi.t. in jot- :r.s IX e'3 37 Cor.ltiTNKKNHir NOTItEK. I Net oper rev I'r.NNSV For June. 12. 99019 tie,' 11,01 I.VAN1A ItAII.lUIAH pork ltiS I'lianne Ii;,3l9.931 lm II 377 n,;::. 417 inc. 4,037.607 Inc J.sx.v3i Inc. One ohjcitioii I hat ha lieen raiseil to thouiihls of the possibility of a further UP- Total neer re ward march of prices an . because of which j Total expens . Inc the recent advance has been criticised as)..1"''"; was strop. Mess. $2S.2Bft 123. io ; family, i unwarranted Is that II has occurred out of t,,p,r income. ... :&V-t. lash Peer waa, steany. season. Arcuments alone this line are January 1 m June Packet,- S194T$20; family. I20til21 Cash mvy dispose! of by the facta if it is con- I Total oper. re . . II9.JSJ 4:n In. I' lard was easier. Prime Western, $11.80: .iHrrH.1 wrth while recounizinn any re. Total expens. Inc 112.20; South Amerl- atloImhip between the months of the year ! v r" r e isOHAi': Inc and market movements. Precedent show.joper Inennir 17 134.374 Dee I that, broadly spcaklne, the month of Auifiist i lE'N.s I.VAN1A fuMPANY hue always been a time lo expect an upward Kor jun,: leiidenev ol iirlccs hi the elock market 1913. fhange- Acordlne to the statistic il . Iwhl oe-n I 'ret at o.r. rex. 6.144.77s lu. I.. . i. i.., ,,....,. .V,., ,.rl,. ...i Total expena. Inc. Jem....... ... i.n- "r ......... .... taxes .. . . .!'', no HITICL" Ol' TOWT.U A SllCltWOIII). 7 Nassau .St ' ,. July Slxt. 191.1 We annnutiiv with rocret that Mr l'ald he XL-icicle reilrrx fruni thl nn.i on this dale T.ie t'Uslt.ess will tie earrlr.l on by Arthur M st.er 7IS wiHsiand l ridtrlck II Talc at the above addri-s i TOWKII A MIKHUIHHI. 1 13". :04 , Members New ork Siork r.xehinn .l.III 199 1.91 I refineil Continent can 112.95. Chicago prices were Ois-n- ItlKh- jnw Pork' In est es- July .. n.K, woo September N.W D K I.xrd- July ... . II. 11 4". September ll.r.3-6 11 Co Rib. July .... 11.45-60 11 SI Seal ember ll.U tl c: Huirar. The refined market continued strong In tone, hut unchanged, with a ' fair demand for withdrawals. Haw. The market was very strong yesterday, with sales of 23,500 tagn to various refiners nt 3.64, an advnnce of I 1-32 over the previous day. This makes the spot quotation 3.64. :::.3ts lU.U'S nnso 1 ti.l'CJ :i.aa :o so 11 4S n f.: 11 40 11.60 Clos Inr 2I.W-! II 41 II U 11 10 I i s: lrev close. :i.k :t.w II w II to-tO 1I.4.-I H.0 i.'i: i-i tween July U ami August l"i lm seen an udvanciiiK stock marsel Psnilrr Is Denied. THE GRAIN MARKETS. Wheat Kaaler, bat Corn Adranrpa More Than 3 Cents. Vhat was easier yesterday on prollt taking following the recent advance, and at the close the market waa unchanged to c. lower than at the end of the pre vious session. The market opened hardly i-tearty and prices declined c. follow In? favorable crop news. Cash wheat was nlso easier, receipts were larger and there was a lighter export demand. Weather reports were not regarded aa of fclienlflcanci! by truders, as tho crop Is already past the stage whera fears of la mage are entertained. Covering by horta advanced prices early In the sea i Sinn Torn continued Its recent sensational advance and was th leader of the grnln market At the cU.i prices were un- hangnl to 3tjc. above the level of flnal 'p.'it.itlona on "the previous day. There wire further reports of dry. hot weather In the belt, with no Indications of relief. Th- market gained strength throughout day and prices were highest at the '."ing It le agreed that good aoaklng r.i ns are needed If the crop la to escape tonnage. Outs opened ensy and after slight afl vi lifts the market softened, and at ths "ni?h priies were to a,a lower than at the end of the day before. Thar ii'a nllereil showers In CalrO, I and In Sprlngflold, Mo., but weather - vs throughout the belt waa Interpreted i bullish sense and prlcea were moved i rapidly. It Is estimated that the corn PENNSYLVANIA ROAD'S REPORT. Decrease of I4,II1,II,MM In .Net Onrr ii t Ion Heveune fnr Ms Month. The Pennsylvania Itallioad system, llne. east and w'st, reported for the half year ended June 3u a decrease In net I operating tcvenuo ot JI.il2ii.C4s from the net eaino'I In the correspondlne period . Meruer A report from I'ottsvllle, I'.i., yesterday said that tho Potts Powder Company had of 1912, entered Into a merger with fifteen other The total operating revenue for the powder companies. This was denied at lln.s was lr.,53,.riN4, an Increase of the offices of the company at 200 Fifth 114,006,738 over the six months period uvenue. Oeorge K. Potts, president of .of last ear. the company, said : "We sold a small I Total operating expenses, Including plant at Reynolds, Pa., recently to tho taxes, however, Increnaed $1S,!i33,3S7 to Atlas Powder Company of Wilmington, l."iiI,J"7,B4, thus reducing net operating Del." 'revenue by $4,026,4S to 2S,!S6,.",ia. The (Western lines wero the heaviest sufferers, Illinois t'rntrnl Issues .Vostes. 3,M,22S of the decrease In net being The Illinois Centrnl has Issued 13.r.00.- rr,"r"" l"r' 000 equipment notes. They are dnted August 1, and will mature In twenty an nual Instalments. Their Interest rate Is S per cent. Kuhn, I.oel & Co. purchased the notes from the rnllroan nnd resold them to Iee. Hlgglnson A Co. and Klasell, Klnnlcutt A Co. NM oper rv ... 1 310. .'13 lie oper. Income,.. l.3S&.3S Dei' Jnnunry 1 to June 30. Total oper. rev. . .Sll.l::.ill Inc Total expent. Inc. tuxes sr.,74.sf.4 tm Net uper rev... t.447.SM De. Oper. Imoine,,... 4,414.557 1'ic I'lTTSIIt'ltlill, CINCINNATI, AND ST I.OU1S. Kor June l'.M3. fhunges Total oper rev Is,fi49.02 In- IM Ojier. expenses. Inc laxes il. ;('. p , un Net oner lev 137:, ?" Di Oper Income 37?.14,'i li January 1 to June fo Total oper. rev !:i,K& 19s lm titier expenses, lm taxes I.104,k3 Inc. i.':7.mi SJi.,3 13 I3.::..'7 l.il !I6I t, jr. 03ti i.;;x.i7j fUlCAOO $71. 15'iC 7.1 .S"0. Us .'0.XI7 The Farmers' Loan & Trust Co. 16, 18, 20 and 22 WILLIAM STREET New York City Coupons anil Dividend due in Auiriist rtro paynhle nt this tiffiee on and after August 1st, Itll.'i, ng follows: Arkintaw Water Cemeany Birminhm Water Works Companj CKnton Wiler Works Cetnpan; Cornell Slumbotl Csmpinjr Cincinnati & Muikinfiaa Vallcj Railroatl Co. Citiseni' Gat Ceropany tt Kankakee Ctmirnonweallh Water A Ligfil Coaspany ol New Jersey Glateraville It Broadalbin Railroad Cooapany Kokaaw M'atar Work Company I 4 V.eki n,A ! Vidor Mnuff ttaring Company Le.d,ill. Water Co.. No.. 20S. 211.24. 239-43 Wl,er'a,d tISS 272-74 ($S00) Coraoliila'leJ Gsi Company Maneniahtla Valley Water Company I AUMXT l.-.th. 11)13 MentOiuarjr itreet Railway Company I The Cuba RtilrozH Company 6 niviiiuiHiN Al;t)T lsl, ltllil The Farmers' Loan and Trust Company Net eper. rev :.00,:i: Dec Oper. Income.... J.0&5.431 Dec. . I.ONO IHI.AND UAII.HOAD For Junei IV 13 riiatiK i:,473.6r,'.i :.473.57l RAILROAD EARNINGS. Net oper. rev. . H6S.i'.S8 Inc Oper. income. .. 1449,201 Uee Januury 1 to June So, Total oper. rev. . 11,373.24 Inc toper, expnaes, inc. I I .N BUSINESS TROUBLES. The Illinois Central Ilnllrosrt Company re ports for tho month of June; i-niinses. Total revenue. Total exps. taxes lilld I3,3SU,:14 Inc. 4,i:i.9t0 Dee, ISD.I4C 24,104 Net rexenue risisl year: Total revenue. Total exps and taxea 1,::7,I04 Inc, 4;l,414 Inc, 3,535.100 Ine Toy;! op.r rev Opi-r. expense, inc taxes . . II. 291, 017 Inc S35.3IX 111.' io: 7o: ,7cr. I:,s3i; I1H52 prlc on all grade unchang-e.1 Trios wer Kxtrif. doztn Illilic , extras, nreis. ::i3Jisc. flret,. :'04i :ie . seconds, l"u lt dirties. No 1. Is fl'ijc. No. : str He checks. Rood to choice. i:i!3c near , In nn-rv whites. 31c , eatern y-hpes. :i:7c browns. :7ir:c mixed, :i it :c. I.1VK I'OPI.THV - Price, were tlxrd . ifrdav morn'nic and fowls n.rc i-i lower tlian w . ixpe, te.l llirlhl In the'weik re .el." .xp.. id to f. 17i as the tia.ls .i ir...iv unlv a f.'W hisli i:rid- exple fowl, reached ldc, th. lu.li belnr 1'is.c tor fr. IkIii stock fp to last nlclit iht lUe ear had I., en unloaded. There In i ibm..n. for It.. II, r, nnd Oil line l w.-r leaned up. old rooster, are we,k. with' ll'tle attention pa I.I turke. duck or i reei... t.l. pimun. ir.- dull I'rlios weie I i Mi Sens. 1 tollers, fano. nearhy. per lb Jii'ISIc Leghorn enrkerils, 2r Kow i frelrht and exnr, 13v,nii!e old roosters. , 1. , Turkevs. mlxd, tn-ns and tnms. I .V luek. I. I spring llsc lliese. '), I I'c i.ulnea funis, pr. 5r Plseons. pair :. fiP.nesKix pofi TltV lmn.i f... f.n.. B-.ii'e or freh kli'.d fm, i (, ,luti ns to keep tlx- tn-rl-el firm Tllere U a surplus o me'iinn Brai. fowl. ,la , i,rKt. slt,i iis,,rr s le V tern brdler are e'lrglnc a sp .e lietf-r but a a rule Hie I'liirKfi la w-lin. nt feiture nr i h ante Old riioelere lire eeerre 'nounll In clean up well CprliiB ducks nr.' worklio; out at quotations , ll floren Is elthoilt fcitnre The ImkM. s"n u'mS, Z'r uoVathlill'ire Turk.?; ' I Ol.l 4) I.Nti roL I'ON-x 1.IM hen-, freeh killed lie "o7M"'emIf V ll:XIS Allll I 'A VAIII.K AT Ol'll 11 t.NKIMi lDc , old 1-c l'hlliidelpila broilers.' 3 to IIOfSK ON AND AlTliH 4 '" P'lr. :5c ; Western dri picked. I l';i,M 1ST, iniil. !'!.Iu.a . p'1;3'' c"" f"l. !lc Do The American Cutlou Oil Co 4V lietientures !;n5errt,n'l!r. ' 7s', ?. '"'U0 f!!wU if. Aknm Coiun.bu, It, Co foa, Plrkeil, I lb.', mlc. 3i, lis nnd mider I M"rr 4"- 1711 . scalded, tm.c. Old roomers tail,. ! t'lexeland & IMllsburgh lid, 'u tleii. Mtge .svries NlUillis prime whits, to His i doien. net I "II." People, Street Ry. Co., Luierne County, Scranlon, Pa. Pittsburgh, Cincinnati, Chitafe, A Sl. Louii Ry. Co. Seriei E and H. Pyle, James, & Sons Port ol Havana Docks Company St. Louis Merchants Bridge Caeapaay Seymour WatetaCompany Sterens Point Water Company Union C!ub I Vandalia Railroad Company AlC.laT IMS), 1MB The Pullman Company IIIMIIKMIs AMI INTEItKsT. Wins owlsnier&Go. 59 CEDAR STREET NEW YORK 4,557,510 lm. Net oper rev Oper. Income.. IHS.733 Ine J'j:ii,"CI Inc DAIRY PRODUCTS MARKET. '.v.-. .:'. "" 11 T'- ins. '.H, C0i , medium, :tih'5i lirnr liims. :ic Teenna. v.. broMers milk fed. fane) :S' . ill to J Mis ?0r , fnncx larBe. !wj"e oi :ic corn fed. i o aj 1155 lli'.O.M'O t:x.5ti3 I inn No I 'i'tr, old lien, nnd 1. :4c. rhlckcny 21 lbs aril un.ler masters, milk fed I lbs nn.l mre. "e i fresh, milk fed. ACORN WAIHT COMPANY A Petition In bankruptcy baa been filed naainat l'hlllp Hklower and Mayer Klrsehbaum, dnliiK bualneaa aa the Acorn Walat Company at 114 nroadway. Liabilities sre 15,000 and assets 11.000. , LKLAND U. DUSTIN of 1C Wet Klahty- ' lath atreat haa filed a petition In bank ruptcy, wun nsDiiuiea lira aaaeis s,Urt Hallway Company reports for June: '."i.vT.'' .'......' .:. .. : i r... I normal, mere ,erv i-xih i...j,,o ".J'.'4 i i;ngjn,t uik, ucr" lookliiK for tah'e butter li..i,.u, ,, u.ir niiil ftisv rminil u'lint stock .,l.l,.,1 fane), Itucoc, i urn fed fnncy ' ll.ftOc THE PHILADELPHIA MARKET, Net revenue, t3.43l,l0 . .1 11,350,1141 Inr. HOO- LINE. The Minneapolis, HI, Paul and Sault Hie. t, run In hank. NATHAN HEND1IE1M. formerly a dealer In stationery and toys at 1105 Wllkena avenue, The Uronx, now a dark at 500 Broadway, has filed a petition In bank ruptcy, with liabilities flit and assets lilt. KREHEL OOI.LEK Judge Mayer haa appointed Walter H. Itellbrun receiver for Kresal (loiter, furriers of 330 West Thirty nrat straat. bond 11,000. HILBKItaTKIN JACOHV Judge Mayer has appointed Oeorfa It, Hall receiver for ftllbersteln Jacob)-, manufacturers nsnuaercniera si aio xansi airvvi, Oper. Kips. revenue and taxes., 1913. Changes. 11,57.1.717 Inc. IIH0.202 i,::o,c3: inc. 24.so Income. . Fiscal year: Oper, revenue,.,. Kxpa. and taxea, Oper. 1341.105 Dec. 6I,I1 :t, 410,472 Inc. II.305.Ii: Inc, I4.I04.SII7 1,I6,CI pany of Broadway was held yesterday at Oper, revenue... th office of W. H. Willi,, referee In bank- , Kxpa. and taxes ruDtcy. at li Heaver street, to prove nf handkerchief, at ron will he cut down ono-thlrd In Iowa. I HT. UKNIH HOTEL COMPANY A meeting nn. k..i.. .. v at the ooenlngl of creditors of the Bt, penis Hotel Com- i r.H further slight losses ronowen rom weak new In the cash market. Later on reports of had threshing returns tha market steadied and In the early ftw ai'in prices were V4c. lower to He. higher 'b in at yesterday's close. ieorge Le Count wired to Finley nar 'dl & Co. from Onkes, N, D.: "Hot, with "'nvy showerahero yesterday. Wheat la sood crop all the way through cen iral North Dakota. I think tho average -- this district will be about twelva ' jhels. Outa a fair crop." The .S'orfoieeafrm .VIHer says : "Weather eiiorts for the past week wero very fa able for filling wheat. While some re ports ot black ruat are being racalvad. Oper. Income... 11,015.410 Inc. 11.815,3(1 The Chicago division reporta for Junei Oper, revenue M9:,3fl7 Ine, 65,:! Expa. and taxes,, l,0 Inc. 58,232 Opar. Income. rlscsl yean Claims ana tn. '-' .VL ware filed and Arthur V, (Jotihold. the receiver, was elected trustee under a bond of 15.000. JACOB BHRLICH Behedulea In bank ruptcy of Jacob U, Khrllch of 141 Weat Eighteenth atreet. formerly president of tha Union (las and Electric Fixture Cam inv show liabilities of 1109,513. of which 100,701 sre secured, and nominal assets of 1111,250, conalatlng of resl estate, i 1106.710. mnrtguged for 7.00. and ahares of slock. 1:2.500. Among the creditors are the Atlantic National Hank of I'rnvl. denes. I52,0i. secured by lit shares nf the Lux Manufacturing Company! Traders National nana or i.nwru, it.,..., and Brooklyn Truat Company, 111,000, secured by mortgage. , . l:0,171 Dee. ,110,111, 0 Ine. . 7,871,446 Inc. 11.001 11,115.445 117,112 Opar. Income... 11,130.514 Inc. 1117,441 YAZOO AND MI8RIRRIPPI VALLEY. The Yasoo and Mississippi Valley Railroad Company reports lor the month of Junei 1111. Changes. Total revenue HII.I40 Inc. 171, W Total exps. and taxes 701.170 Inc. 11,111 Net revenue. .. 1115,371 Inc. Fiscal year: Totul revenue 111,011,56: Inc. Totsl expa. anil tax, ,107,:5 Inc, 11.698 they wanted nt quotations. The revelpls wero lO.OOX packages, less than the sinie day last week nr the same day lost year Itei elvers complain of the iiu illty Pressure Is used Inmoie the undercradea. Not enough fane) cresinerle, to fill the demand ami It Is no trouoie io sei vx1 io1 uuo, in.-ii i.-r : en... Ihe few line lluea. Process la sleaily and I nUU Tinnslt certlllcntes being the only packing atock rarely exceeds loc.. as ine ones in record n thing but odd lot sell nuallty la not of the be.t Qijoutlon. are: g, Aibltrnge trading was henvy In roit.U. . Hteel common. overTo.OOo nneat, 35 Vi tt :5c. ; good to prime, siojoc, I'im.Alilu.PilM, Julv .n (lnlness prevailed on locnl exchatiKe ney ami a great many traders were away after first hour. About fourteen local stocks, wero traded In ilmlng the dnv MII.KIelphla Kleelrlo arid Phlladelnhln i (,.i City, Indiana. Mat Ion County. Indiana, llrklee Honds. , Masslllnn A Cletrlaiut ltd. Co, uuartcrly dividend I'lirtsniuiith, Ohio, .Street liuprovemeni Pond. Wheeling Terminal lUllvtay Co. 1st MUc I. I irci'Hr iniu. ihiii. (iruBt County, luU., liiavcl Houd 6. iil'ffai.o, itotiii.'sTDii pirisiu itiiii IIAII.W4Y tMMIMSfl. I Dividends ot three per cent on the Preferred stock and of ihree oer cent on ihe Common nock of this Con pany have beei drclared. pay able AuituM 15. 1013, lo stockholders nt record l. ill cine Auiruat s Chccka will be nailed lu Mock- to- boldersf i.u.i:.vr i:ii i.i.. .-ccrriary New York. Julv !B. HIJ. THE CHICAGO MARKET. Net revenue. 7(8,40(1 l,Ui.:i7 lue. Itll.ill i,ap tmi. 24. 61 :6c: Urals, 331,41:4 Imitation creamery, :4c. Factory llrsta, H,c,i veronda, :mi::r. Paiklna atock. No. 1, ilV.; No. :, 20',f:ic.. No 3, in rj 20c. CHEF.HE. Market I, listless and without a feature, llecelvers sre putting awuy the hlshrat grades and urxliiK for sile ih un dergrades. There Is pressure to sail all grades. Iteielvera are wlllliia lu cut a little to cie.ni up. There la no Improvement In aklma and little proapect of u higher price. Prices are: Btste, whole milk, freah, colored special, lllieilhcl white apeclala. Mslc.i freah. colored, average fancy. Iltfl4r.; white, aversge funcy, 114 il 14c; under trades, lIHOUVtc; aklma, apeclal, Id, tji tic; choice, auioc.i poor to lair, ill i'tr. EllUK. lUrelpte were 17,331'' cases yeatcr-' day, compared with 11,0:4 the same day last year, and a I r I tie below laat week, bull above normal for thla Benson. Hceera nnd II illlllcult to get i nousli Luod enga , from the current receipts in supply the ue-1 mand and reaort In held stock Any fresh eggs without heat sell readily. onl a reieipis win n'nrii lop la betti-l lhan last wek. and aome nf the lurse houses 'Vhlrh carried over stork are cleaning up, even If th. nricu fnr lllidericrailra Is u trllle weakel, Dirties and checks are hard to inow, with ' " xiimiKiim nanus. (Jlnslng was very niiiei. me summary: Onen Hlsh- Iaw. Cloa Ins, eat eat Inr, .103 101 101 tij 7Vi 7l 7s, -TVi " I ,1 41 IIIMIIKMIs AND I NT K If EST. Coons Du: and Payable at ihe Office ef A. B. LEACH & CO. 149 BROADWAY. N. Y. Altil'Sr ISl, IBI.'I. Austin, III.. School District No. a llersi ii County, N. J.. Bridge Bliioinlnatnn, III., Funding liuniiiinbe Count i . . 4.'., Funding l hsniiwlan. III , Iniprotement 4 hit kasha, I. 1 School Coal I own-hip, I'enns., Poor Roaae Ctanston. III., Judgment fair liild. Iowa, lief. Water Work, IMIrniuunl, Minn.. Water W orks Btx tiierntlelil, Ind., Funding HouKhtnn, Mich., Newer llunllngtnn, Ind., School l-on Mountain, Mich., Hewer .luiksuu. .Mich., I'nlon Hrhool DDtrtat Kslamatoo, Mich., Improveneal lake Forest, III. I. a 4. rand, Ore., Refunding l.snt aster, N. Y., Water Met hanll title, N. 1. Morrison t'ounl), Minn, .Nen Castle, Fa., School District Onero, Wis., rue. Uoaae Furl land F.lecUlc Co. a I'tilsskl, Co., nd.. Uoart Bams Kltrrtsle, N. J., Road Imp. Sherburne Co.,' M Ins., Drainage ll.3l.00 1 small portion of the r ' I i.uotstlnne. Tradlnu ... ... I week, and aome nf th Sules 1 Am flas. 1" At eblsiui , .'7 Csnihria iron. . . 41 10 Cam Sleel ex dir.. 4M 7". Wee Stnr Hat ci 73 flen Asphalt t e. jm It Ina Cn of NT A,. ,, Sl Lehlrh Valley . 763 10 I-ehlfh Nsv ex dir. llC 4 L N t c ex dir... , MU 30 ivunirlvsnla 87 I48". Phils Elee it 1130 P R T t e :4Xj I5 Kssdlns 7i :oo nock Island pf,, so Sn Pselfte., fo Tononnh , . ., 111! Ton netmont , , 7 I'nion Trsc, 35 I' (1 I 10J4 TT s. Bteel. HI Weslmntelnnd wts, IIONDS 4m 48t, 471i 47U. 3814 M :iI :i; 751 V. 34ll 844. 57'4 67 21 ' J1V :4H :4I 1 Chicaiio, July 31 -Very little Interest was manifested In to-day's market. I'rlces were steady as n rule, with Hears- Itoebuck sliuwliiu- a nnrtliil recovery ot Spring Valler, III., Bridge the dividend. Diamond Match. Mont- ! SnohomUh Co., Wsh., Hrhool Dili gomery Ward preferreil, Cominonwealth i nnnhonush Co., wash., Road JOdlson and American Can commun were t'nlon illy, Ind. In fair demand. Thete was no special ' Warren tvi., Indiana, Bridge feature In tho bond department. The '. Waunatoan. wis., Water Works .it, 73 l Kilt i (! . .r.7 it'. :(Vi i 2H , s.'ti :v, s-jti nu .4 5-18 4 5-11 4 5.11 4 5.1 a ev, .it 4'i 4'i 5r, IJOM Am li A K .'a. 10OI I'hilu 1st is, lion I'hlla Kli-r (a WO stand (Lis C.i, 60W U R 1 col (., i, Mi M dl iHl 4x, 50i 6 f4lv 01 m 48 14', 5!H 6 l, 98-, M 91 4JV, summary h n.i Villi L.n ,, I ID Am Cull pf l Chi Hye aenea :. jo Chi Title Tr... 110 Com Kdiaou . , 70 Diamond Match.. 187 Moat Ward pf too 10 Nat Dlacult Ill 10 Pennies Una US 15 Humeley pf 434 :io Hciirs-Kne ex dir,,.170 r, Swift & Cn, . ., lots 300 It H Sleel too rnion Carbide rls 5'i DO WIS en. llllh- Low. Clna- lit a:. S3 -04V, 143 S3 4J1 51sj t I XII, W 1 I 74 I liMO Chi Rr ''A" loao Chi My "11" lt Clll Tel I a , IOiVI City Hy 5t . , Ifo nia Mlch 6a, 60,n) Eilnna : 1M Peoples Gaa 5a.. e.t, 31 91 :8ti iOIV, 141 5DV, 10 111 17JV? lots V, id xou IP) 1081. I01H li'l 91 tOl j IW . 1""', I03, . 101 ..IM'., eat 321 01 :is :04V, 113 Mli 10 111 I16H 43, 170 !0s, 89 !' 1 vn.; ,oo ion, lO'Ui t'.ii ioo te iwt Ins 328, 3 2S ID4Vj 141 , 109 111 I2t, 1701. 0O, I 50 . AUUUBT 14. IBIS. Swsiree, lad., Hrhool ai'uvst it, iaia. Centervllle, Iowa Consolidated F.lectrlc Co. of If alas Oeorgla Ll F. A Ry. Co. llgo Co., Ind., Funding At 411 ST 38, 11 a. summllvllli, Ind., Hrhool New York, ihleiigu Hi. Loaii n. R. Co. New York. Juli-17 tan eml-nnnunl illildrnUs of TWO AND ONK- ai ' HAL!'' l'KH CP NT on the Tlrat Preferred, sod SL " 4 . ANI 4 M -H. I.I miCKNT.en IIieSccon3 iin inoi, lint l"l 10'Ji4j Piefe uri x.ippal Mini., as ve been declared t ., a l it- I ti. e or" ee; me iTaaurer oo rutniay, ,lc't ;'t.il to loi'Miol'irr of record at the cloet VI LUlllt's IM'I ,,'J. .jiiiusi iaia. HII.UM UAKUClt,