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The Sun and the New York herald. [volume] (New York [N.Y.]) 1920-1920, July 15, 1920, Image 13

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7
THE. SUN AND NEW YORK HERALD, THURSDAY' JULY 15, 1920:
13-
A Cordial
Bank
Vc arc gliul to believe
that the cordial relations
existing between our cus
tomers and ourselves is
due in no small sense to
vmstnnt effort to promote
their success.
GARFIELD
NATIONAL BANK.
25rd Strict, whcrc
FIFTH AVENUE
CROSSIS (MOAOHEMf
ROADS GUARANTEE
EXPRESS EARNINGS
Now Contract to Bo Discussed
at Mc'oting of Association
To-morrow.
Rainey-WoodCoke7V2S
Utah Idaho Sugar 7Vs
Lake Shore 3V2s 1 997
Micb.Central 3V4s 1952
Canadian Provincials
HOLMES, BULKLEY
& WARDROP
MEMBERS
Nett York Stock Exchanit
Pittihursh Stock Exchantt
Union Bink Bid;.
Pittsbursh
61 Broadway
New York
Tlia mombcr roads of tho Association
o: Railway Executives In
to-morrow In tho New Haven boar;
rooma in the urd Central Terminal
will imvo beforo them Cwr acccptanco or
vjvv.hu,, n orana new contract with
the American Railway Express Com
pany, which In effect will malto tho
railroad cuarnnlors ot the earnings of
vu t-uiisoiiuawi express company in
P ace of the Federal rental, which ex
Plrea on Soptembcr 1. Tie proposed
contract has been discussed pro and
COn .by tllO Rtanillnp rammlll. k.
klCfiOClatlon. Yvlilrh lml.1
" discussion in tho association's
omcra in i Hroadway, nnd l( Is un
derstood that tho tentativo contract will
bO reCOTOmondfMl tn Ihn 'niitmh.i firla
to-morrow. They, In turn, will semi a
M-wmmcnuaiion to tho Individual com
panic?, nnd then It will bo up to tho
American Railway Express Company to
'"p"i mo Dtanxet ana uniform con
tract with every road, which, It Is ex
pected, will follow tho example set by
tho majority of the llr roads repre
sented on tho standing committee.
Tho uniform contract, as proposed by
tho American nallway Express Com
pany, provides that tho railroads guar
antee to tho company the operating ex
penses and the snmo percentage of re
turn on the propcrtyMnvcstment or the
express company used hi express busi
ness as tho railroad rprnlves nmlor fl,
transportation act for property used In
rauroati transportation. Any earnings
abov such sums are to be divided
equally between tho express company
and tho railroad companyT Tn other
words, operating expensrs and a 6
per cent, jruaranteo are to be mado by
every road, provided that tho tentative
proposal of the American Railway Ex
press Company goes through.
Prior to Federal control tho number of
principal express companies was four,
ome of them being In active competition
with each other. Tho contracts which
each had with the roads provided that
varvincr rvercentjirc nf tit trrnau rarAinre
should go to tho railroad and tho bal-
cases the road received 55" per cent of
gross receipts; In others less than 40
per cent. When Federal rental camo In
It was decided to merge tike express
property used in express transportation
Into ono company, tho. express companies
taking shares of stock pro rata in the
American Railway Express Company,
which executed a. single contract with
tho Director-General.
That contract on account of wage ad
vances has been unprofitable to Uie
We recommend' for
July Investment
The Texas
Company
7 Gold Notes
Due March, 1923
To Net About 8
Circular S 71 tn rtfjul
AERtMn&Co.
MftmbcrsMyStock Exchange
141 BROADWAY
Mew York Gty
COSTON - CHICAGO- PITTSBURCH
Americ arrs Rallwa mores Company
because there was a, monthly deficit
after operating expenses which for somo
months ran as high as iS,000,000. Whllo
tho Oovernmcnt met tho deficit, there
wcro no profits to bo divided among tho
companies owning stock In tho American
Railway Express Company. In conse
quenco tho officials of tho American
Railway Express Company aro Insisting
on a contract which will give tnem pro
lection and a return on their property
Investment nnd they bollevp that In tho
proposed tentativo contract they have
found a solution to their ODcrating cliff I
cultlos. They argue that n 0 per cent
return on property Investment used, In
oxprcss transportation Is Just as fair
and Just as necessary to tlio American
Hallway Express Company as tho re
turn on property Investment guaranteed
to railway companies under the Trans.
portatlon act was fair and necessary to
the railroad companies.
Tha American Railway Express Com
pany, however, cannot ncgotlato a con
tract with Individual railroad companies
until alter July 26. when the raso ror tnc
continuation of the company is to be de
cided by the Interstate Commerce Com.
mission. Tho Transportation act pro
vides for tho continuation of that com
pany, but docs not make such action
mandatory, leaving the decision to tho
commission.
Tho member roads jvlll take, up tO'
morrow also tho minor auestton of read
jtistmcnt ot contract with the Pullman
Company, which has a net loss a car on
every Pullman car operated. Just how
that question will bo settled could not
be learned yesterday, but It Is necessary
that the express and Pullman contracts
bo settled by September I.
LACKAWANNA StEEL GAINS.
Ileport for .Second 1020 Quarter
Shown Net of 91,881,040.
Tho report of tho Lackawanna Steel
Company for the quarter ended on Juno
JO, Issued yesterday, showed not pr&flts,
arter cnarges and war taxes, of 9jl,SSl,
946, or $5.36 a sharo earned on $35.10S,
600 of Its capital stock, which contrasts
with a deficit of $440,720 In the last pre
ceding quarter and a deficit of f 233,036
In tho corresponding 1919 quarter.
Net earnings, after all taxes, &&,
wcro J2.786.107, against $416,757 In the
corresponding 1S19 quarter. Interest
charges were $201,012, against $263,769
and depredation $613,149, against $411.
084. For six months ended with Juno
tho company's profits wero $1,432,226, or
$4.0$ a sharo on Its capital stock,
against $3.77 a share In the correspond
ing 1919 period. Net earnings for tho
11 rat nix months of 1920 were $3,123, 018,
against $2,444,748, and Interest charges
were $565,692, against $541,085. De
preciation charges amounted to $1,125,-
100, against $929,641.
Qeorge F. Downs, who has been the
company's general manager and vice
president In chargo of operations for a
long period, was elected Its president to
succeed Charles II. McCullogh, whose
death occurred recently. Thomas H.
MuthlaS was elected Un vice-president
nnd general manager. Henry H. Bar'
pour and Arthur J. Singer also wero
elected vice-presidents of the company.
Hioh ViolJc The reason for high rates now being
iiigH Jiema paid for money by GovemmentJ, Rail
' nv'or n novinA Industrial and Public Utility
over a period CompanieS( who5e credit is & the high-
nf Van est character, is the world-wide compe
er I COTS' tition for capital. i
, This makes it possible for those having
investment funds to obtain unusually
attractive returns on securities of the
soundest type. '
We shall be glad to submit a diversified
, . . list of Bonds and Notes yielding at
' present prices from 6'2 upward.
v
Keanty Taylor & Co,
New York Pittsburoh
Wo recommend and offer
Subject to sale, when, as and if issued
Armour and Company
. 7 Ten Year Convertible Gold Notes
Duo July 15, 1930' Denominations t $1,000, $500, $100
Price at the market, Yielding about 7
Exchangeable after January 3, 1921, if note-holder wishes, into
a like face amount of Armour nnd Company Class "A" Common
Stock, which will be entitled to 8 cash dividends before Class "B '
Common Stock receives 8, after which both classes will share alike.
A compUlc description of these notes icill be supplied upon request for
Circular AZ3.
Incorporated Successors to N. W. Halscy & Co., Chtcafo
49 WALL STREET, NEW YORK
Telephone Hanover 8000
CHICAGO riULADUl.riirA JIOSTON " DETROIT
ST. LOUIS MINNEAPOLIS MILWAUKEE
BONDS IN STOCK EXCHANGE
WEDNESDAY. JULY 14, 1920.
Day'3 sales
Year to date
1920.
$7,766,000
2,103,724,000
1919.
$12,392,000
1,774,068,000
Closing.
Bid. Asked. Yield
91.10 4.93
56.40
85.60
86.50
85.58
95.50
69.0(5
S5.78
P5.9S
95.96
91.00
S6.39
S5.40
S6.38
S5.54
84.50
S9.00
15.74
90.94
95.92
4.05
5.10
5.19
5.36
High.
91.1S
5.95
5 S
6.28
5.25
RANGE OF LIBERTY BONDS.
Sales fin
31,000s). Open.
1,654 38 (1932-47) 91.18
.. 181 CV. 4a (1932-47)
91 2d 4b (1927-42) 85.40 S3.54
33 1st CV. 4 Vis (1932-47) 86.32 86.50
D74 2d cv. 4 Vis (1927-42) 85.54 85.62
. . lst-2d cv. 4Us (32-47)
607 3d 4 Vis (1928) 89.12 89.20
2,563 4th 4 Vis (1933-3S)... 85.66 S3.86
734 Vic. 4is (1922-23)... 95.98 96.00
5S3 Vic 3?is (1922-23)... 95.96 93.06
Low.
91.02
8E.3S
86.32
S5.50
89.66
85.66
95.04
93.92
1918.
$4,560,000
836,213,000
Net
Last. Chgs.
91.08 .08
85.42
86.46
85.56
t 2
".06
.02
83.03 .04
S3.7S .03
93.96 ..
93.96 .02
United States, Foreign Government!, Railroad, Industrial and Other Bonds
.AtinloFtenfti Ssi
22 Mlj
lj OU
1G. . .SO 0-tO
1.14 OOlj
atrofl.yons
I Si3
at? or Mar
seilles to
4I
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Japanese I'
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10 so
10. 15...VAi
2 "'a
nan
10..a30...Ml3
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4 S534
69
Active Securities
Diagnosed
tnd Current Dividend's announced in
prtitnt isiue of our Bi-Weekly
riaanciil Newj Service ent free upon
request. Theje iecuriu'u rr.y be
purchaied outright, on margin or under
wr 20-Paymcr.t Plan. Send for free
wollet explaining this simple and
jyittmatic method of building an
Bwtpendent income.
Scott & Stump
In'ctlment SccuriHti
SPECIALISTS IN ODD LOTS
SttcSt Ehan2e B!d;., Phladzlphla
luambf nhurR. Contrsillle, falti
lon and Norrlstown, 1-a.
..SSIg
7 S.8I4
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"W J0NES & REED
Th tod art C. Corwla
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Modern
Investment
Practice
No. 3
The concluding leaflet
of the series Is entitled
"The Valuation of
Common Stocks"
The matter will bo found interesting
nnd instructive both to the Investor
and the Trader in Common Stocks.
Tho completo series
ut'fi 6c gladly mailed on
request. Ask for S-6.
NEWBURGERENDERSON&LOIEB
WEMBfRS OF NEW'YORK&PHtlA. STOCK CXatANCIS
100 BROADWAY
PHONE RECT0R7060
202 FIFTH AVf. AT 25"S 22WW,'5T. Sll FIf THAVf.AT43-S,T.
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Chicago Wheat Futures
Trading will be resumed in Chicago
Wheat Futures on Thursday, July 15th.j
Direct Prlcalc Wires
E. F.
New YorlcStock Exchange
New York Cotton Exchange
61 Broadway
Members
Chicago Board of Trade
Chicago Stock Exchange
Produce Exchange 140 W. 42d St.
NEW YORK
181 Quincy Street, Chicago
COTTON GROWERS CONFER,
Dlsensa Federal Control of IMnnt
I ne In lloll Worm Section.
. Washington, July 14. Cotton crow-
era representing half a dozen States
wcro here to attend to-day a conference
called by tlio Federal Horticultural
Hoard to discuss questions arising out
of Federal control ot cotton plantlnc in
tha plnlc boll worm Infested areas of
Texas and Louisiana.
Texas and Louisiana have enacted
new laws dealing with eradication of tho
pest, and It Is said that tho action pf
those States may havo some effect on
several contiguous States in putting Into
effect quarantlno measures and estab
llshlne non-cotton zonce.
The conference. Chairman Marlett of
tho board announced. Is expected to do
vclop an agreement between the cotton
fitates and tho Government on .some
uniform nlan of enforcing Stato and
Federal restrictions on cotton planting
to prevent the spread of the pest.
DUQUESNE LIGHT OFFERING.
O a Steel if Si
3. ...... 910i
1 U1S8
16 013i
6..a30.,.BUi
" 015a
9194
16 013a
8.. UII3
J Vila
Utah Power (1
3 73
Virginian By la
3 761a
13 77
Va Caro Ch lit
8 9214
Wabuaut
a 83
WaUaab'id
1 73
West Md 41
fl 50
WNY4tPl
1 83
V est Shore 4s
1. ...... 70
WUsopkCo lit
18.....,, 83
NU
Syndicate to Plfice on Sole Issue of
f 8,000,000 Honds.
A contract for tlio sale by tho Duquesn?
Light Company of $8,000,000 of lta long
term 6 per cent, bonds to a banking syn
dlcate composed of Ilarls, Forbes & Co.,
Lee.KIgglnson A Co.,tAdcnburg,Thalmann
& Co. and llayden Stone ft Co. was closed
yesterday. A distributing syndicate pent
out last night letters stating that the
bonds, which have twenty-nine years to
run, will to offered at 85 and Interest, to
yield about 714 per cent.
Tho proceeds of tho loan will bo used
to extend the company's new power plant
at Cheswlclc, Ta. Tho bonds iro part
of an issue authorized In 1919,
American Chicle Financing.
Vhltc, Weld & Co., Hornblower
Weeks, nnd Low, Dixon & Co. are offer
ing a new Issue of 82, 500 shares qt com
mon stock of tha American Chicle Com
nany at 140 a sharo. Tlio proceeds of
that pale are to be used to provldo nddl
tlonnl working capital required by the
rapid Increase of the company's business.
Its gross builneia a more than 350- per
cent, greater than when Its present man
agement took control or it in Jiarcn,
1918. Its earnings available! for Its com
mon stock have Increased more than 250
por cent., compared with those of 1916.
Average 'net earnings, of tho company
for tho last .ten years available for Its
common stock, after taxes. Interest
charge.) and prcforred dividends, amount
to 11,033,393, or 36.66 a share on 183,800
shares. For 1J19 they amounted to
SM19.7U, or 3.79 pntue.
PRODUCE MARKET
nUTTEn-Creamcry, higher than extras
per ID., MlffoTVic. ; entrai, 03 score, tit
ft'lJc; firm, 90 to 01 wort, 04HjisV4c:
8K to SO icon, B23.-4C, ; seconds, 83 to 87
ai-rro, lilou.. lower (Trades, 4MJ4tlc.: un
!Si!j;:.1,lllr than xtrai, 6(V9flO'Ac. extraa,
SUfMlic: firsts, jr.tiMc; ecnnd, 80033c.!
ciait, nmry iudi, nnuit, D.WMc.1 lood to
prime, 021j54o. ; common to fair, 44ffSlc:
renovated, entraa, 4l85flc.i flr.ti, 47fi48o.!
...u.vd, .M.ivii. iuai, uraii, Ktiur. ; aec
cnd, 4ll4?f42;ic. ; lower grade. 40-IIc.;
UIKi:MF-8tate, liola mlk, freh flats.
0,0 ed or WhiUV'MWcerVra: .
-3c, i twlni, frealt special, S7Ue:7c.i kver
"'!:JrW'8. ?f aWMCc.;' lower
?vi 1 USS;' 10"n Aiiiericaa,.iiiiflS2Hc:
Palflea. IMt3(k?.: freh. twin, "mz&o , '.
ng'a dalilca. freal,, 27U23c.i double dnl
ales, frcah. S721o.i fresh. 309.1m freah
pcclal. isHatoiic.: prime to choice. in
iSo : fair to B00d. i:tfj31,c: lower ,faS!
'?.? Vr,,h Bathered. extras, por doien.
M4JMHC.; extra flrata. 40S.11O,,' flrita. 43
4Xc,; eecond.. 42044c.! dlrlU'H, No. J, 33
5,c,i.M?;.s' checks, fair to i xoW.
try, 31S.14c Hlalu. Pennsylvania B"t nearly
Weitern hennery white., extrns, flsaiv"; ex
tia firsts, OlCOIc. 1 flrata, r.3Gfi0c.i flrata to
?w1ar.flf?",'.85fl.(,?5'J ""'rsfa.les OOBMM
jaclflc Coaet, white, eitrai. 03iVie.i ruri.
'"'.''. mm.: imdcrad "
J? ..0""!r.,er'", nll(1 Soutnerii gsUi-
?rK?arlly w"Ur"- hen-iery biowni, extra.
34tf3Ic.; brown and mixed colors, gathered.
rour.Titv. nnnssRnfni?air lmithh
,,..,,, T. AluyciM"
..1 w uiq, ip., ouc. ! bro er,
l-2 lbs. eaoh nearby, lb., 7073m UVl
lbs. each, flOtJOJo.j Virginia. 6203c. Woit-
fornla. Sfla.Wc. prjm.H-i Si.l-.A
Wealern, milk fed, 30842c; corn fed. 28'
40c.; lred bbla., Wratern, 28a38c.i milk fed,
bbla. and kigs, 38c; corn fed. 339300.1
Ohio and Michigan, acalded, 33ff?c.i old
ooka. weitern dry nacked. ...u. An
1121c. : Southern drv narkoil. "M-!i. mtr'.ifH
i'.!ne J,'"'!!l "Prln-' iW. BQUAIIS-I.arga
wmir, 0-111 ids., uoi!., 41BU1 n-7 Ibs 14.S."rfi
rt: daik. 13; culla. 1.:052. FIIOZBN TUU-
WcBt;rn. 6TflT00c. ; VVeitern, old toms,
35iI3Uc. CHICKENS Drv nikd milk
boxes. 430480.: corn fed. 40947. DUCKS
Western, SflflSOc. GEEaiS-fJiailc.
rOVI.tltY. IJVRTOWLS-Lltllt. medlnm
iw licav. irriKMI. uc.: CO nrAil. ..nr..,
40c.i white leghorns, via expreis, 30tf40e.;
broilers, Western, Southern and 8outh Weit
ern, freight. 60o.; Boston, largo, nfjc,: col
ored and mixed, nearby, express, BOc.; white
leghorns, over l',i lbs. each, 00c.; M!4 lbs.
and under each, 43c.: white leghorns, under
1 lb. each. 40c.: old roosters, frelrhl. "ir
TUIUtEYa-33c. DUOKS, 23e.i Long filand
spring, 400.: breeders, 3c. OEEaB freight,
18S20C. PI0E0N8-Palr, freight or tmress
Wc. auiNEAS-Palr. $1.23,
LIVE STOCK AND MEAT ritlCttS.
Common to prime ateera, 100 lb., $10 61(1.80
Common to cholco bulla, lOd lb,, 0 13
Common to cholco cows, 100 lb,, 3 11.13
Common to orline veala. 100 lb.. IS iff in
Common ta prime sheep (ewes),
iuu id , , , G.3O310
Common to prims lambs, 100 lb. 3 M18.H0
Live hogs, 100 lb ItUStm.W
Dressed beef, ateer sides, lb , 18028a
filly dressed veals, lb.,,., ICi!?30c
Dressed multan, lb 14t?zSa
Srencd Iambi, lb 283MM
$1,700,000 ;
Utica Gas & Electric Company
7Ms Five-Year General Mortgage Gold Bonds
Series "A"
DUE MARCH I, I92S
Convertible) at tho option df the holdar on any Interest date to and Including ma
itirity or redemption date Into an equal amount par value ef 1 Fifteen-year
General Mortgage Gold Bonds (Series "1") dated March 1, 1920 (none of which
are outstanding).
TAX PROVISIONS: Tha Company agrees to pay interest without deduction for any
Normal Federal Income Tax to an amount not exceeding S which it may lawfully
pay at the source. The Company also agrees to refund the present Pennsylvania Four
Mill Tax to holders of these bonds resident in Pennsylvania, upon request, as set forth
In the Trust Indenture.
The following information Is taken from a letter of Mr. F. M. Tait, President of the
Company, copies of which will be furnished upon request:
The Utica Gas & Electric Company conducts all the commercial electric light
and power business and the entire gas business in Utica, Little, Falls and
numerous other communities located in the Mohawk Valley, the total popu
lation served being 'estimated to exceed 200,000.
For the year ended May 31st, 1920, net earnings were more than twice the
interest charges on all bonds outstanding, including the present issue. Ap
proximately 70 of the Company's gross operating income jmd 91 of its net
earnings for" the above period were derived from its electric light and power
business. Gross earnings from this source have increased over 121 since 1914.
During the year ended May 31st, 1920, more than 80 ef the total amount at
electricity sold by the Company was generated at Its hydro-electric plants.
Dividends have been paid on the Company's $2,000,000 capital stock at the
rate of not less than per anrium for the last eleven years, the rate since
April IS, 1913, having been 10 per annum.
These bonds are offered for 'delivery when, as and i( issued and received by us, and
subject to the approval of counsel as to legal details. It is anticipated that definitive
bonds will be available for delivery on or before July 19, 1930.' "
We have been Identified with the bond financing of this Company fer
ever twenty years and recommend theae bonds for investment.
Price 98 and Interest Yielding 8
Harris, Forbes & Company
Pine Street, Corner William, New York
s
J
Harris, Forbis ft Company
Incorporated
Boatea
Harris Trust and Savings Bank
Bond Oepartmsat
Cbicig
lUlllllllllHIIIIIllllHllllllllllllllllllllllllllllltllllW
A Complete Unit
in an Essential
Industry
Fads and Figures compiled
j by the Sinclair Company
Produces, transports,
refines and markets
petroleum products.
About 1900 produc
ing wells.
Approximately 2800
miles of pipe lines.
64 pumping stations.
Over 4000 tank cars.
10 modern refineries
with total daily ca
pacity of about 45,000
barrels. v
10 casinghead gasoline
plants.
400 distributing sta
tions in 20 states. '
About 0,000,000
barrels crude oil in
storage.
Marine fleet of 50,000
tons in service.
1010 net earnings be
fore interest and re
serves $21,800,808.
Total similar net earn
ings for last 8 years
$56,600,582,
Short-Term vs
Long-Term Investments
llr ANY investors are undecided as to
J-YA whether they should buy short
term or long-term securities, There
are strong arguments on both sides of
this question. Why not solve this
problem by purchasing short-term7
securities yielding present high income
returns and possessing at the same
time the privilege of conversion into
long-term securities ? The conversion
privilege should result in vour receiv
ing a high income return oyer a long
period oi years. , ,
An attractive investment combination ;
of this character is represented by the
Five-Year Secured
7Va Convertible Gold Notes
of tho
Sinclair Consolidated Oil Corporation
These notes can now be purchased. at
98 and interest, to yield about 8, and
noteholders have the privilege of con
verting each $1000 note into $1000 par
value (10 shares) 8 Cumulative Sink-V
ing Fund Preferred Stock and
shares of Common Stock of the
Company.
Write for illustrated booklet
We offer and recQmmend these notes for investment.
Spencer Trask & Co.
25 Broad. Street, New York
Albany Boston Chicago
Members New York and Chicago Slock Exchanges ,
7As sfarsmtnri prtttnttj ahevt, whtU not gaatantttJ, an ebtalntj
frqm sources which mr btlitutd to b rttiabh.
nilililiilliliiiililliliiiiiPIIMlliltiilllllM
FINANCIAL NOTES.
Bhenvood k Merrlfleld are ottering city of
Oallaa 414 Per cent, coupon gold 'bonds at
prlcea to yield C.73 to B.33 per cent.
Central Union Trust Company has been
appointed registrar ot Thatcher Manuracturr
Ing preferred and common.
Kewburger, Henderson A Loeb, members o!
the New York and Philadelphia Htock ex
changes, have Just Issued tha concluding leaf
let of their series on modern Investment
practice, It Is entitled "Tha Valuation of
Common Stocks.", Tha complete series may
b had on application.
nicliard B, Oullen, formerly with Kountie
Bros.: n,. If- Weber, tormirly with the Na
tlopa) ClK Coippanr, and. Ctmrlti V. Mir
rill, formerly with Blodgett & Co., have be
come associated with the saea organisation
i, Dillon ft Co., 71 uroadway.
ot Eastman,
Frank Egan, chairman of the Lincoln
Trust Company, will sail to-day on the 1'al
asclano for Italy, lie la going to Milan In
connection with an Important matter ot In
terest to the company.
Directors of the Kelley Tire and rtubher
Company have voted to bond all lta officers
and aaleamen. The National Surely Company
will act as their bondsman.
Pcpnsylvantfl. Crude QII Market.
Oil Citt, July 14. Credit balances.
J.0, Huns, 13,435; averags. 64,353.
Shipment?! 119,7571 averas, 01,041,
Exports From New York.
Exports from New York yesterday)
Wheat, pu 299.6(3 ; hams, lbs., 16,400 1
flour, sacks, 7,904; cheese, lbs., 13,000 ;
rye, hu., 367,403; lard, lbs., 610,400 ;
rye flour, bbts., 1,450 r lubricating- oil,
gals., 936,550.
London Money Market.
Loxdon, July U, Bar sJlver, 53?;d.
Bar gold, JQos, Mopor. 4?i per cent.
Discount rates, short bills, 6 614 per
cent .Tlirett month Ws, IK per cent
Gold premlmpa M Wrtoa. 140,

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