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THE SUN, SATURPAT, JTJEY 19, 1919. y CORN BREAKS ON SELLING BY LONGS Liquidation Is General, Caus ing Heavy Price Racession, but Recoveries Follow. JULY PRICE DROPS TO 187 Oats Rally During the Late ' Trading, While Provisions Are Heavy. The break In the corn market yester day was direct!..- due to liquidation by the longs. Selling waa (eneral, causing prloea to recede, one month aa much aa cent.. Preaaure waa heavy on July com. that delivery dropping to 187. The "break came during the noon hour. market previously being weak and very suseeptlbla to decline, which had been expected, aa the market was thought to have been In an overbought condition. Prices recovered some of their losses very soon afterward on covering by shorts and commission house buying on the Modern Miller wheat report, whtoh said that winter wheat was dis appointing and that aprtng wheat wax backward. Weather and crop news were particularly favorable. Weather advices showed good temperatures, with rains in the Southwest. Some reports plsred the condition of corn at 87 per cent, -aid were certain that It would be a three billion crop. Foreign financial condi tions and the marine labor situation were contributing factora in the weak ness. Export trade Is st a standstill as long ss those conditions exist . Continued talk of lower prices and labor troubles, the latest being at the packers' plants, checked buying. For eign countries, which during the war were willing to pay any price for things that they needed, are looking for the cheapest markets. Exporters And that Eunspean countries, while they may net. 4 supplies, have only manufactured products to offer In payment. Weak ness In the stock and previsions mar kets was also an influence In selling corn. The cash demand is slow and the stocks are showing Increases now that the In dustries are taking little corn. Some new factor will have to develop before prices may be expected to advance. The news at the present time Is bearish. Oats were weak In the early trading, due to sympathy with com. poor sup port and liquidation by longs, but ral lied late in the afternoon. A better cash demand and commission house buying on export rumors produced the rally. Commercial troubles Influenced the early selling. The movement is large and country offerings liberal Provisions were heavy under liquidation, weaker tone in grain, the slow cash trade and large stocks. Some buying on the breaks was credited to the packers. IxM-al grain quotations, . of yester day follow : CORN In the local cash market No. 1 yellow waa quoted at 12.09; No. Z whits, $2.14, coat and freight New York. OATH In the local rash market prices were easier; No. 1 white quoted at 8!r. ; No. ; white. 1814a ; No. I white, 88a ; No. t white. 17 all elevator. RVF. Market eaay. No. 2 Weatern, $1.70, cost and freight New York. BAKI.KY Market weak. Feeding. $1.31, and malting, $1.3?, cost and freight New York. BIXK WHEAT Market quiet Hound milling. $3.lt nominal, coal and freight New York. HAY Market dull. Me, 1. 81 lift 2. No. 8 ti su ,i ! No. 3, 11.3001 88: shipping. 81.38. HIItAV"-Market dull. No. 1 rye. IK per ton. Wheat. Including flour, exports fur the week, according to Bradstreel's, aggre gated 7,630.695 bushele. agalnat 4.63 188 the previous week and 3.652.714 laat year; alncv July 1. 17.1D4.I33. agajnal 18,883, 333 laat season. Corn exports for the week. 94.337. agalnat 14,000 laat waek and 103 laat year; since July 1, 381,981, agalnat 2,520.978 laat year. CHICAGO PRICES. Thurs- RYTC - Open. High. Low. Close, day. July U9V, 161 vi, August 160 I61V. 1S3V, ln 16:v, September. ... 161 ;.. lt 161 lt34 CORN July 197W 193 IMS ; . lMVii September 167V, lMVj IMS l December lfnv, ej issv, 119 13V. OATS July TBVj 7i, 77S J4 79', tent ember... 7t.s 7H 77a 7S km December hi St 7 80S : LARD July 34.15 34.1. .18 HO 33 72 34 September... 34 3.' 84 87 13 SO 83 8.' 34 47 RIBS July 88.82 28 82 28 48) 28.04 2S 67 September . . 28 42 28 42 27.71 27.75 29. 50 PORK- July M 3 64 ?S M u yi 1 "s September 61 82 61 76 60 00 50 46 5175 INTERIOR RBOEIPTS. Wheal. Corn. Oata Friday 1.636.004 400.001 778.004 Laat week 841 000 481.00" 7304UO Laat year 1.SS5.0OJ 36.uoo 1.077.000 SEABOARD CLEARANCES. Flo-.ir. Wheat Corn nday 26.000 Last week 1761-10 Last year .... 48.001) FLAN BIGGEST' STEEL MERGER Bel-glum to Combine Plants Laid Waste Unrina War. Bd lilt AttoeiateS Preti. Bkussels. July 17 Idelaycd). Out of the ruins of Belgium's steel Industry, which was systematically destroyed by the Germans, will spring one of the big gest steel combinations In the world. Ten or twelve of the most powerful corporations wlu plants were laid wnste have decided to pool their Inter ests Into one Immense undertaking. Stock in the various conipsnies Is being taken care of according to the method followed in merging many Amer ican plants 111 the I'nlted States Steel Corporation. Tlip only thing remaining to be done is to place a valuation upon the ore mines in the lirley Ilasln and the Duchy of Luxembourg, -stitch will form a part of the new trust. This will re quire but little time. Such a combination of companies would naturally Include the Ougree Marihnye steel works and the John Cockerlll works, both near Llegc. and also the Providence mills at Charleroi. The Providence Arm Is about to let a con tract for rebuilding Us plant on Ameri can lines. Kach plant In the combina tion will be no built as to specialise in some particular branch of the steel industry. COTTON FUTURES GO TO $5 A BALE Covering by Shorts Is Large Factor in Spectacular Rise of Prices. 4- C0FFEE MARKET. Aside from one or two slight upward reactions the market for toffee futures yesterday ruled generally easier, with prices gradually working off. On the call July was 1 point higher, other monthp 36 to 8$ points lower. The Brasll cables were easier, and reports from the coast and freight markets and the local spot situation showed a lower tendency, which csused some of the bulls who took the buying side last spring to unl..a.l holdings, having become lets confident of their position and believing that there was little chance for any further advance at the moment. Final prices went 3.", to 1$ points net lower, with Wall Sir. (I and commlMion houses inclined to pur chase on a scale down Official early cables reported a decline of the Hio trpot market of 325 re:., with Santos futures 75 to 27i rein lower. A later Santos cable reported further losses of 125 to lliO rel. with another cable Just before the close reporting July und Augusi not quoted, with a recovery In other months of 1(0 rels. Raoatpta at tne two principal ports have been more liberal lately, being Jl.OdU bugs, com pared With 23,uOO a year ago. Tours Close day. 21 45-i..l There was better grade of buying In the cotton market yesterdsy than has been seen for some time, prices mount ing as much as 16 a bale and a few options golntf even a little higher. Among the factora making for this al most sensational advance was the ex ited covering by many of those short tu the staple. This waa due principally to further moderate to heavy rains In the Eastern belt, particularly in Georgia. The big Improvement in sterling ex change was also a factor, as many bears discovered. Not only wan there strength in the local market, but the same condition obtained1 on the Liverpool and New Or leans exchanges. The sdvance of prices on the former was naturally a factor aa far aa local movements were con cerned, rlpots In the British centre were also up and In better demand. The yarn and cloth markets In Manchester were very Arm, with a good Inquiry reported. Although not trenerslly noted, there was considerable buying of the actual yes terday, which some thought was for export to Germany. One cannot dispute the fact that about 20 per cent, of the world's spindles are in central Europe, Poland Included, and that the only re quirement to set them going once more la raw material. The Swiss Government already li en deavoring to arrange for credits and It will not be long before other neutral and ex-belligerent Powers must follow. Ring feeling and sentiment In broker age circles yesterday was certainly bull ish. It on nothing else than weather re ports from the belt. Showers fell In nearly all Eastern states and cloudiness waa prevalent. Just now this Is ex tremely unfavorable for the growing crop. At the opening here prices were 30 to fi? points up from the previous clos ing. July starting at 34.85. -September at 34. SO. October at So. 05, December at 34.95. January at 34 7t. March at 34.61, May at 34.80 Buying power gradually Increases! after the call and with the exceptlfl-.i of one or two amall reactions on profit taking the upward march of values was not stayed. There was mixed support from nearly all local cir cles and the trade was often active on the purchasing side. Shorts found oon trscts notably scarce. The later business, saw still higher values established as brokers operating for Liverpool entered the market. New highs for the day were recorded, values at one time standing more than 100 points up from the previous ending. Later despatches spoke of heavier rains In the Garollnas and old bulls scrambled to replace their lines during the last hour. Final bids were 70 to 107 paints, higher in a strong market. Spots were up 5 a bale Range of prlcee Thure- Otieti High, Low Close day. July 34 79 fc 06 84 7 88.88-86 34 60 Aut'llst 36 K. 40 34 88 Heplember 34.94 st .1490 ss 24-4.. 34. so October 34 94 36 48 34.73 86 40-44 94 So November IS .as B 34 30 nwmler 34 9 35 4:. 94 70 66 3V-46 84,60 January 34.7.'. 36 3. 34 6a 3 20-26 84 26 February 88.18 B 34 12 March 34.60 36.12 84.4 S.V10-U 34 or, April 88.08 B 34 0 May.. 34. JO 36 02 84.43 3ft 00-02 33 93 Jure 34 so B 38.80 pot Local 36 30c : New Orleans. 34c. COTTON STATISTICS Last l.nei Friday, week. y.ar. Port receipts 38.087 23.9fth 7.el Export a 10.147 68.788 17.6M Exisjrta. seaaon. ...5.311.840 6 1 86.946 4.107,416 New York atoeka . 8n.W7 81 213 98.114 Port Mocke 86H.6-0 1.31.862 988.874 New York arnrala. 721 2.886 1.704 Liverpool Cables Spot cotton in moderate demand; Bales 4.000. American 3.000. Importa 16.000. all Atncrt.MiL Futurea opened steady at S3 lo 84 pointa advance. Closed irregular at a net advance of 26 to 48 pointa July. 2i.60d : October. 31.46d .; December. 21 44.1 . January. 21.43d : March. 21.37d. Manchester Varna fair demand at full ratea; dQiha atront and twelve. Weekly fla-uri-a of New York Cotton kt change: Thia seek. Last rear Week's into siirhi 106,1) f.3.284 "eaann'a int.. awht 11. 364.839 13.070 97'j toners' visible supply 4.836.Sf9 1.902.346 VlatMt supply. Amencsn. 3,632.3:9 1.125.34. Increase general visible 108. UO .ll be.rraae visible Anu-r-i.ii 31.314 74.216 Spinners' takinga Amer ican week 137 404 1M.0OO Takinsa. American to dale 10.012.773 11.4H0.48O CONSOLIDATED EXCHANGE. Hlrh 31 60 IsW 21 60 1106 31.00 8086 80.86 21 36 V 31 22 26 21 04 07 30 90 Kt 20 74-76 20 4S-70 -20.84 -8 1.68-80 20.85 67 30 Si 65 24 .36 40 21. 0 21 76 31 70 21 86 21.39 21 23 21 80 31 15 21 10 21.08 21 46 30. 66 Bauge of price Open. Jnlr 21.50 Vlaltwt Keptw.er.. 2164 KM 8125 fvti.her. Noverot'er ltarembsr .lanoarr. Tebrnary Msrcti. ...... 20 66 20.85 April lsy 80 86 20.66 June Cogee Cwblse Kin was 816 rata lower for 7 at 168400. Rxctiange 1 384 Msiier at 14 19-S2d. Berelute I.OOO bags and stork 422,000 l.ass In guiO spots war unchanged at 1464" RW 4s and 188040 for 7 ReeclpU 16.000 bags and atnea 1. 841.000 bags Santos futures wer 75 to 376 rets lower, are huts at tke poets ware 83.080 hags, against 38,000 laat year and 88,080 two yeara age gas Paolo bad 16.000, agalnat 16.0UU ... IT 000 sag Juiellahr 6,000, agalast li.OCs) and st 090 bags, raaeectlrely. Viae wsather was reiwrted Is all districts of so FasJo. wira tesoasira tares ranging from 46 te 88 8agMH W"j' comm a-TA-ngnca. Last Last FTtdsr. wees, yaw Tork aellvsriaa. 11.846 U.88 C--4S(''- 8tlJ 11.841 t&2h& ::::: oft CSL AT.Jr?a in 884 171.183 Ittg at ail port! 878,71. 488 W8 888.408 I I88.'ri8 I 898,464 1 91. 448 STXlth 16.87 IL8M H,6i M8J8-1 184.894 With the certainly of about normal money established early in the afternoon a decidedly firmer tone ensued during the last two hours on the Consolidated St., k Kxchnnge yesterday, on which prices rapidly Improved, all groups sharing It) the general upward tr.-.nd. The final trading was f. aturcd by rapid a.dvunces of lOV points In Studebaker to 11714 and ..t ...i4 in .Slut 2 Motors, to 123, both of which issues were aaid to hnve been accumulated by atrqng In terests In marked contrast to the early weak ness exhibited by the steel properties those shares moved up even more rapidly than they had fallen, Crucible rallying f pointa to 118. Bethlehem Steel "B" 344, to 104. and Mldvale St, to while I'nlted States Steel com mon rallied from 1104 to lit. Gen era I t'lgar Stores, on sustained buying, moved up b, to M H, a new high level for this year. Mexican Petroleum, after falling back to 1 13. roae IV. to 196 ending at 195, while Pan-American was Lid up 3H, to 1104, and Koyal Dutch of New York IK. to 1174. American Car 'ind Foundry netted a gain of III for the day, while Baldwin Locoinotlva advanced 1 from its early low, to 115V The copper issues made up most 01 their early losses In sympathy with the general market trend. Keystone Tiro rallied 6 from Its early low, to. 1144. United States Industrial Alcohol 14. to United States Rubber J, to 118 "i. and International Paper tH, to TO84. The rail shares were but slightly changed for the day, Missouri. Itagiaaa and Texas, common and prefei red, show ing beat, of this group, the first named rnlnlnt H. to lSli., and the laat IS. to 11, both enteriuf now Mf-h cround. PRE-HOLIDAY CURB TRADING SUCKENS Prices Move Irresrularly to Lower Levelw, but. Some Gains Come at End. Trading In the outside securities mar ket yesterday was on a comparatively small scale due to the Inclement weather and the pre-hollday session. Prices moved Irregularly to lower levels, except In the last hour, When thero was strong buy ing of stocks In which losses were largest. Tho more active prominent Issues generally closed at the top levels or the day with small fractional ad vances. New York Hhipbulldlng, after selling thirteen points lower, recovered most of Us loss. Submarine Host rallied after declining a point. Martin Parry fea tured the automobile stocks with an sd vance mote than a point to within 1 fraction of Its high. Bethlehem Motors was In good demand late and Plsk Kub- bT Tire recovered Its morning I of about two points. It Is expected that next week trading w ill be started in Overland Tire, all stock of which hag been taken up privately. The company last year earned about 130,000 and produced about 1,000 tires dally. That output, It Is expected, will be increased shortly. Savold Tire Issues reacted after early strength. Pressman Tire and Excello Tire moved to new highs. Price changes In the oils were nar row. Sinclair Issues were Slightly lower and there was good demand for GufTey aillesple, Ohio Oil and Illinois Pipe Line. Total soles and range of prloea fol low . rNDUSTIUALS. Net galea. High Low Laat Chga 644 Aetna Rinloa llts Ilk 1186 177 Acme Cose 3 24 88s S 604 Allied Packers . ... am ri 62 1 360 Am Malt A Or 6l's 61 61 10600 Ajsnr Marconi t 61. ' 940 Amer Writ Paper. 12 118a 1188 ;' iiiiiiM,.-. Mot... ao 38 -el4 4M Br An. Cbem 10 10S 10S S 1200 Br Am T cots? ... t34 8214 BVi M 14M Br Am T coo rta. W 64 6t w sts) ar ugnt 4W 314 ra 14 204 Clinton Wright 1484 8444 14 zreo 1 oiomai -nrs govs 40 40U -4- 44 4404 Continental C 84, t 984 H "w" wceiso lire 1Z46 1Z44 1314 T 4 106T Karrell Coal 6S84 . 66 V. looo Flk nnb Tire 474 464 4714 K 2740 flak Rub rta t4 214 84 H 8404 rn Asphalt 69 36U. 87 H 140 Olllette Raf RasorlTO 174 170 -4- 14 640 Hall Signal 104 64 64 4 400 RUdea Chemical 8 714 7U 14 81 04 Hupp Motors 18 1314 18 100 Iron Producta 44 so m lis, 1140 Inter Robber 28 tt 84 735 Lima Loco 68 76 84 -e4 4900 Martin Parry 84 32 884 184 100 Bnllena Bnde . rrt T7t, 3714 V 1414 Nat An A 7hem..a63 4 46 4140 North Amer Pulp 8 5 .',-', 00 N Y Shipbuilding. 48 (6 66 8 8K75 Otis Rteel 42 40W 43 4 600 Pacific Gas Klec 6884 47-14 US 304 Teerlesa Tr A M 47 4614 444 7040 Perfection Tire . 1V IS IS - V 3144 Philip Morrla 14S 13V, 1984 -1 2T00.1 Priaaman Tire ... 16S 16S "-. S 300 Prrene Mfg 17S 17S 174 .. 14004 llepohlle Tire 10 S 9S "4 3000 Sarold Tire ... . 44 l 61 -3 200 Kasold Tire. N J MS 63 68 -1 400 Savold Tire Ohio. 33S IS 31S S 6800 Hub Boat 20 19 16 - 14740 Sweeta Co Am.. 12 US 12 .. 4104 Tob Prod Sip . 34S 33 36 76 Todd Ship 180 ir 127 -3 144g Cnlon Carbide . S2 80 82 4- S 4100 r S Steamship 1 8S 3H .. 23444 ln Profit sharing 3S 3 3 A 8600 t'n Raull gtoraa 87 86 97 -f- 900 Wan en Blroa 61 80 84 1 4S04 Wayne Coal ...... 6 8 - 8i Weber AH 26 28 2,1 1 600 World Film 146 World Film let pf 3 3 . , 2400 World Film 2d pf. 1'4 l"4 1 . 1800 Wright-Martin. .. 88 66 7 4-1 STANDARD OIL8. 10 Buckeye P Line .141 101 101 30 111 Pipe Line 188 188 184 3 40 Ohio Oil 388 396 988 T2 SO Stand Oil Cal . .283 291 293 INDKPENIlENT OILS. ::.s) Anialg Royalty 1 1 1 -1- i, 7'8! Atlantic 1-et .... 4S 4 4 640 Barnett O I U A A A j" Boouj Oil 9 s s 1 -ti boston Wjr 0 ' 46 a. 86 oO.t Burknett Van l ie 2 2 2 - 4400 Bratos 1)11 29 16 2 64't.nlrsl Oil 9 81, 9 s-1'4 foO I'm-le OIL 8 6 7.S1 lit Sen 45 46 46 4060 Ct.miiit.nw Pet 40 Bgu ao , 8400 I oalen A Co ... 11 11 1114 lnoo Flk Basin Pet 9 9 8 UN Knel (III 7 6 7', M 27640 Kainenilda Oil. ...f 38 16 83 5 2504 Federal OH. 314 8 3 8940 r.ufTer I'lllospic . 234 22 23 e 4, 2S08 Ulenroek Oil 414 0 61, . 1140 Home Oil Ref 38 34 I4Uj 44 144- rtr.nston Oil ... .13) 1JSU, 124 1620 Hudaun Oil 1 14 lv, 1.SS- Indlahoma Ref .7 7 7 .. 384,1 1 1. tar Petrol 33 33 82 u 2l Invlnciblo Oil 3 K 341, 4. 't iv laland O Tran 7 784 714 . u 1244 Lsnre Creek Hay -.4 1 12444 I.WIngaton oil 4 tu -.u 4 4404 Verrltt OH . 38 34 M U ttso .tretroi olltsn P 9 184 V - 1 r M. Panucs 17 nu, iu u! 864 Midwe.it Ref 142 179 IJ0 I 1840 Midwest Teiaa .., 114 IV, u 40 Mnrten Pet. " " 1 1 !T)0 Northwaln Oil t m M ao 43 lfVslOhlo R8ng-r .... 114 i m 1108 Okmulree O!.. -it -.l, .u 9400 Omar O G H' si gf ' r.oo Orient Oil 8 8 1000 Osage Nation t 4901 Penn (Iaanlene .4 (.8 88 aj jj 4oo pitiaburg Trias . 13 12 1314 640 Pennok Oil ut, ttB v 3404 Prod A Ref r 84, Ja? H 1944 Onsen Oil t 11 11 11 800 Ranger Oil 14 14 u. 940 Richard Texas rti, i?V4 jtw 6404 Rock Oil t8R 6' 41 8604 Ryan 4"H1 68, U ta, u 4o Salt Crek Prod.. 81 6f 80 2 1040 Seouoyah OAR. S 14 3404 simms Pet... 11 91 Jt u 19604 Sinclair Con OU 82 81 61 9404 Sinclair Oulf 69 .67 67v. - 2 8?-0 Southwest Oil. .tr 27 43 840 Southwetn Prod . 4 tu 414 !W. Stanton Oil 1 16j 11Z i u 1S40 Speneer Pet 14 13 14 .9400 Tex-Ken 6 4 6 4." 2900 Texas Prod A Ref t 9 9 14 744 Teiaa National u Too Texas Ranger 4 4 4S Tore TVxana Oil ll-l s -1-lf 6804 Transcontinental 474. 4T-. 47 -e u 1004 Vacinim tlaa 14 11 144 victorl Oil 2 : ja? " 4HI West St Oil. new. 5 4, 414 u imo White Bugle JS 14 34 .. MINI Ml N 8M4 A B C Metale.. .. 1 1-14 1 11-14 .. 6t Alaska Mines U ,1 100 Amer Mines.. .. 1000 Allsnta t 4 4 4 24R00 Belcher Ills t 73 47 71 1 4i.w. Heloher Bit . t 88 81 31 8 2100 Itlg Ledge A PsjoBoelli Mln t 6 8I4 1-464 881814 Huston A Mont t 92 K9 91 -4-1 MM Caledonia , .... t 41 40 41 3744 Panada Copper 2 r, 144 7640 ( sndalarla Mill. ... 1 .', 1 A 8900 Cona Annuls 17-16 1 1 7-16 .. 2844 Cons Cop M.nes . 6 8 8 - 8VX 1 'res McNamara 4 4 48 4s lOoOCreason Hold 3 3 3 8400 Fiir.-ka-4'ronaua .... 1 1 114 .. 1600 '40 Mining 1 1ft IS .. 4600 lloldon Oata 3 1 . . 3018) Gold Cona t 1 1 1 3000 OoM norenc....t 73 71 71 604 Haabrouek Dir.. t 13 13 13 3 1400 Heels Mining.. . 8 6A 6A A l' Howe Sound ... 4 4 4 U IVXlO Karr Lake t 84 V 89 1006 MuKlnley Dar e 44 46 44 68404 McNamara tl 84 86 1 603 Marsh Mining ...t 6 8 - , 940 Mag-ma Copper. . 47 44 44 4 18060 Mi.therl.st. t 68 44 46 43 8860 Molherlode new.. 4 4 484 4 1448 Nat Tin 4 4 4 1000 Nlplaatng Mlnea . 14 10 10 .. 1844 Nixon Nevada, .t 88 18 14 SIM) Ohio Cop new.. H A ft 4 600 Onondaga Silver 8 3 9 .. 1200 Ray Herculea 3 3 3 .. 18040 Rex Cona t 16 17 It 1 4040 San Toy t 1014 10 10 104 Senses Copper ... 18 a .31 u ions mlver K of Arts 1A 1 A 1 A 1 A 8644 So Am Plat A 0 11 1484 14 - 8 44140 Hureeas Ills 4 6 4 6 16 1444 Stawart M t It 68 34 las Knnbaetl C.ma. . .t 73 78 73 2 944 Tneao B.kaemt .6 9 9 .. 17304 To nop DlTlde 1 T 1 ta 3040 Totiop Bit 3 3H 94. WTanap .list Rat. t II II 81 lisvTenop Midway. . 4 8 MM.. 1900 Tonnp Mlapah 8 11.. KMO Tonop Itsa Bois. 4 34 84 to . 5SS4 Ttmlunine IS 1 1 g nutted ltsa tars. . 4S 4H 4tt .. 1114 West Bnd Cess ... 1 1 1 8040 WW t Caw t t is t 4 1 M81CWte Caas ttat t 8S 8 (44 .. 14 6 Wilbcrt Mln 6 ItU t 4 tt 4 t Executor Trustee Chartered 1822 The Farmers' Loan and Trust Company Nob. 16, 18, 20 & 22 William Street Branch Office, 475 Fifth Avenue At Forty-first Street New York London Administrator Foreign Exchange FartB Guardian 1 Member Federal Reserve (J-rsUm and Vtm Tork Clearing Home Chain Store Organizations Their service lo the Public SCIENTIFIC methods of production and distribu tion are factors which tend to prevent the cost of living from increasing to abnormal figures. IN the past decade concerted efforts on the part of government, state and industrial leaders have been applied with a view to bringing the producer and the consumer nearer together, eliminating the middleman, and thus reducing the cost of the product to the ultimate consumer. CHAIN STORE systems have contributed enor mously toward the economical distribution of low priced commodities of all sorts. The development of this class of business has been steady and those concerns possessing able management have made a signal suc-t-ess of their enterprise. THESE factors accrue to the advantage of the holders of chain store securities. We hate in preparation a circular describing a chain store preferred stock which we will be glad to send to investors upon request for Circular A-36. Merrill, Lynch & Co. Members of the New York Stock Exchange 120 Broadway, New York Chicago Detroit Grand Rapids Ids. Angeles BID AND ASKED QUOTATIONS. ' 1 J. -e K tll.llifc IIS l'VITED STATES GOVERNMENT BONUS. Bid Aake.l 2a. r. , istenl W n "la. coupon Din.. ?9V lis. psa-lsterssl "fi 63 3a. coupon , ss 62 4a, rssjlsisred 4 . 108V 48. coupon iikv its.', 2a, Panama, l1.;. resittrn-tl s. 6H js. Ftnama. 1336. toupon 6684 Is. Panama. lt. rectaterrd S84 -sn, 2s, Panama. 1936, oui.on s 3a. Panama, rsrlslensl 89 63 3s. Psnams. coupon &D N Phil 111. lsnd purchase 4a. 11-34. ,., i X Phil. lai. public works a. iss.' S" S4S Phil. la! public srorka 4s. 1636 s." 88 D:ilrict of Columbia 1 6Ss ST i6 FOREIGN BONDS. Aim For.8rn IW. Co 6a. 11 . j 1U0 Ansln-Pmifh Esicrn. fa. 1930 7A Arfcimne lDtexn. 6a. 1946 ... 83 16 Canada. Dominion of. Ba 1921 91 96 I'an&da. Dominion of. 1936 986 '- Canstta. Dominion of. 19:i 941, SC I'hlnnr Gov . H11 Kuf Ry 6s. 1W.1 K 88 Cuba Kaisra. 6a ism ,, !8i Cuba Exleru. Is. aeries A. llM'i ... 92 93t4 Cuba Bxi4.ni. 41ja. 1646 11 63 Inminicsn Rsp s. lies. 91 French Bunlsaill City Sa. 1919. . 9i, 99 French. Ljulta City tla. ItU 9l 99 French. Marseilles City 8s. 391J) 9i yi. French. Paris city 89. :921 yTi Japaneac Gov aierl. loan. 1923. M'-a -TVa Japanese Got 4, 2d aert. s, 192.". 91) Japaneae Gov. 4i aierl. loan. 1931 70 77 Japansse. Toklo City 3a. 1652 16 L. K.. O. B. A I. 3 yr. 68,6. 1919 . IM ISn 0. K , O, II A I I yr (M6. 1921 !45a 99 V. K . G B it I. Si yr '.Vjs. 1937 9"ii 97V FOREIGN BONDS DEALT IN FLAT. Mexico Eitern sterl r,s of '9 198. f2T a Mexico Extern, jrold 11 ut '04. 194 s6 66 A A Co pi A llrf N pf Am B S pi A Br Shoe Am C F pf A Cot O il Amer Ex in A m Ics. . f Am tins pf Am 1J0Q pi Amer flhtp a small pf Am S Sec A Am Siiuff Am Kiiy if A S Tol. pf Am Tsl A C A Woo! nf Hid A 9 M 93it TMi 118,1, 11 ins 64 1 a 116 9-4 of storks In ht' h there .".tuns yesterday. sked Bid Ai sj..l W14 Ann Artuir 4S ".'a 4S . Am Arii 12 H 6i A Dry G Ipf 7x '. I66S I .lo M pf 77 76 111 Aaseta Hs.il 14, 61 It 4 O lf . M -166, 98 ; Beech Crk . K 72 Beth S 786 1(17 Iftk 978, do if.lliv 1141, 107 I Bkn Edison 101 106 111 1 Bkn I'll Gs 106V 114) Browii shoe j ., 941, , Brunswick.. 9V, 10 138 Iluf a HUS.1 74 69 do pf . . SI 67 119 Huff RAP ;,9t, 60 991, do pf . 96 61 Burna It pf 110 aim 11fi Btiah Term 80 ps) Hal a Ana. 78 Can South.. 461 CRR of NJ .306 Chi a All.. 108, I do pf 168) I4.VW pf. 136 : c si p o ,;s du pf his CIsreAlltls , recast l. . 4I0 pf 69 1 CI Peab pf 104V , l oiruel pf 106 coi a -) ipt ti do 2d pf . 46 Com). Tab . iwl i on 4'if pf 65V, Con Can pf (ion lnaur.. 72 Crex Carpel t. ( ru StI pf 104 i Cub A Su.2(8) ' do pf . list Di-ere j.f 103 Det K.llaon.120 Diamond M il.', llul ss a A 1 Klec stor. 941 Emer H pf 94 Endlct J pf VSV, Fed M a S 17 Fiaher B pi n", Gen Chem 160 d.. pf... lCt.o, j GenCisa rta S do pf 144 , GlfSStl 1 pf Ji Hanstr pf 117 Homsotaks h3 Int N. kl pf s8 I Int Pan pf K Jewel T pt. 7s K C Ft S Pf M ' Kan C S pf V I Kavasr 116 Kel Sp T pf '.4S ' Kel Wheel f9 do pf 98 KeoiDM nf li Kres, 8 H II'. , do pf 107 Laclede (ias i..' LI68 a My 2211 do nf 1M : Lss-W 1 pf li" do M pf 113 Man Beach. V Ma.kay 74 do pf 64 Marl 1 11 R 66 Math Alk .11 May Dp st . do pf 108 j MStPaSS.M 90 I do pf 104 d.. C r, si Mn Plow pf 94 ' Nor a Esa 70S 79V 40 226 13V 17 130 76 lis Bid Asked Mon Pr of. 107 NatllAS rf.ltsi .sft'.e.AS in. 101 SHofM 1 pf 16 NOTeiM. 41 M V Air B.130 n v i. a w 91V NYCSL 1 pf b NYDtx k pf &) Nor Cel.. . . . 87 NorfaiV pf. 107 w.'V 106 136 66 68 110 74 74 Ilk. 220 107 123 1211 94 no 04', X 101 1911 110 V no 98 119 n-.u, 97 lor, 64 66 jii, U6 l.. 67 it 7V lolV in 70 CO 66 328 IK. Ut 40 107 110 97V 112 (6 North Am Ohio Fuel OwenHa.M do pf... Psc Coast. do 1st pf. no 2d pi. Pac T a T. Pet-Mul do pf .... 96 Pierce A pf 107 PCGSStL ... 64 Pitt CI pf. M PFwac pf 129V pawva pf j I-rStlCar pf.lOO luh Barr. 76 Ren a Sar 115V RySUSp pf 106 Read lat nf KV do M pf "."V, Hem 1st pf.p.1 do aer S. .. SeabAL pf Ti Scars 11 pf 117V SU.sSh pi wi, StlkSF pf il SoI'ortoSus IT- do pf . m St and M pf .9 Sup StI pf.10.'. Tex Co f p .31, T Pat L T.l'.l tide Water. 242V Tol St LAW.. 7 do pf 1 Twin City 45 1'ndrwd pf 112 I" Ba- a P 91 I'CiaSls pf 113 UnDra 1 pf S4v 1 S Bxpr 27 I'n Fruil i6V lii Ry lnv. 13V do pf 101, UStiuUe pf.P-4 llah Sec 17V Vs I C a C 84 W'al. O B pf 23V Wells Far. . 68 w Md : pf West I'n . . siv Wis Cell 68 Wthsn pf A 9S do pf B . 77 Ex dm, lend. ir 54V 68 105 48 l'S. 346 63 13.M, .'JV 17V ll i"V 1( in, BDMiS. 15000 Am T a T 6s 100 lis) 100 v, 80081 Auaconds Cop 6s 9S 99V 99V 1900 Beth Ht 7s. 33. .102 102 102 5006 Beth St 7a. '33. .. llBV 102V 102V V 16000 I an Gov 6Vs. 11 96V 944 96V S7non Can (ins :.Vs. '2 9?v 7V 97V V 600.. Pus (Hv 6Vs 66V, 68 68 I lonilO go Ry I n t0.... 00V 9i, 00 V 4 M OOtOO svledlah Oaf 6s 9v 9's 99V V HO Swift a Co 6a. .10014 loov 100V odd lot tsells cents a share PRODUCE MARKET. IlKANS AND FKAS - I4KAM- Marrow. ( holce 100 Iba , ll.6Dti 11 7i. marrow, Manchurlan. 1 : 1 ,i 1 Cosc-rronea, Chil ean. 66US.75, pea. ch.d.e. 17.76411; me dium, choice. T, 10; lady Waahlnffton. California, I7 50H 7 75. small whlta. Cali fornia, 7r,057.76; lnrs white. Idaho. I7t.04f7.75. Tspary. California, 11466.76; Kotmaahl. Japaneae, 16:5 8 75; Cprsan, S5o(7; Dstfukn. Manchurlan, 67i70; red kl.tnev, choice. 6l3 7.iill r-d rnnr raw, llO.TwOJll; Klntokl. M..:. imnan 64 t 6.60. yellow rye, IT . Mack turtle aup. I. 7 , , .1 white kidney, choice. 111.769 18 15, IinperUla lilt. Kuinunoto. Mancliurlan. 17 6058. Catmllem. Chilean. $8f 7; Bayou. Chilean. MtfM.H; cranberry. Manchurlan. round. 16.764-67.2., Ions. 160 8.60. ahort, 66 60O6. California, 1707.31; pink. California. 17,11; lima, California, choice, i9 60. PHA ootch, 1919, 7j 7 .60; (reen. Wlaoonaln. I'.50ft7; Idaho. I7.364J7.60; Waahlnt-.n. 7 . 60 4J T .T5 ; Cali fornia, 17.60(4 7.76; Chilean. IT47.60; Aua trallan. (7.60017.76. Japaneat, llt8.25, black eve. California. 6 46.60; splits yel low, 16.60, srteu, (10010 50; white small, Manchurlan. lol). i larfr, 1606 50. B1TTKR Creamery, hlxher than ex- traa. lb. S4Vf55c. ; axtrae, 63 score, 61 40 6 4c; flrata. 88 to 91 acore. n 1 Vi It a J c : aeconds, 66 to 67 score. 49 V 0 51c; lower giadca, 47(j 49c. uneaiiea. miner man ..slraa. 6786 4&lc: extras. 56 V 4 5 7c. ; flrats. 64 064c , seconds. 62(. ESVc.: State, dairy tuba, ntieat, sjtin.U' . w bwihsv. iflallUc. coinninn 1.. fair. 44049c. reno vated, firsts. 60 V 0 51V' ; lower aradea. 4 8 4 66c ladlea. current make, firsts. 47V I (r6Vc-; sesionda. 446j4(Vc ; lower trades. 441644,0.. pi. cams s.ota. vuno.i. ux.ae. Iso. 1, 4(044V.; No. I, 46V . lower (rades. 410 46c. CHEEtxE State, whole mtlk, freah flata colored or white, lb . il V lie. average run. Jl iSlr ; lower rradei, 610 31c.. twins, specials, whites. I30I3K.C; colored, 83 44 4vl6c; average run, while, Sttl(6e,i colored, 11061c. ; lower grades, 36 030 Vic; Wisconsin, whole milk, twins, freeh, II V ttlS-ac; double daisies freah, whit.. 61V 0 II Vac. colored. 110 II Vc ; double daisies, OHc; white. IIH013C. Young Amer icaa freah. 34 Vc. tftate. sklma, specials. 34V(y36vc.; prims to choice, lOOIlc; fair to good. 16019c; lawsr grades. 7014c 4JTTONBICBD OIL Range of prices; 1'hura- Opcu. High. Low. Close, day Bora r 60 66.50 luS r.oo 2 00 AUrust ti 00 77.25 e-nlembsr n.00 37.TI October 20.7s K.lo M 56 2 71-r on M M November m se-ee st Usosmbsr. 14 16 16 0 14.6 34 0 36 36 06.10 January 31.65 !. J4.66 00-M 64 01 - 1 OO0 Ffosh gathered, extras, doa . IIO 4c. ; eatra firsts. 404rS2c ; flrata. 4SO(tc; seconds and poorer. .1244.- ; dirties. No I. SSOtfc. ; No. 2 and poorer 2 tt34 -.; .'hecka. good to choice, dry. .81 u .ISc ; un der gra.lea, (OOSOc.i Slate. Prunay I vsnts and nearby Weatern hennery whites, fine lo fancy, 0tO06c.i fair to prime, .werUt ; sathered whites, innimnn to prime. B04 r.8c ; Pacific cnaat. whiles MlfSOc other Western end Southern, rather. .1 whites (OOWe . State. Pennsylvania and nearby, hennery browns, fancy. ic.; gathered ! row n and mixed colored, graded, fancy. M 4i .'.4. , . fair to prime. 4.- 11,4)1 R AMI MKAl Rye Sour ouiet ; fair to good, I8 ..oj8.0; choice to fancy. ..-.. fti-.-s Whit corn flour aleady 14 H.-. I 5.23 per K.u ll.s Cornm.al steady. ellow granulated. I4e7v . white granu lated. (4 97V FEED City firm; bran. Ion lb aaeka. 144; heavy middlings, do. 168; red dog flour. 140 lb sacks (17 nomi nal. Western steady hrsn. Hl'i lb sscks 144 M); standard middlings, do . .".4 ,.(! flour middlings, do . 4): red dog, flour 1401b sacks, (lis Oil meal. Ml. SO nomi nal, in 100 lb sacka IRl IT1 FRENII APPLdiS Fancy, bsk . llttfS. Transparent, bsk IIOII Transparent, amall nnd poor bsk. (Hi 3 PEARS- I Cont... Southern. No 1, hbl 110; I Conte, Houthern. No, 2 bbl 17 PEACHES- South (Wrollna and Georgia crate. 60.- fj 11.76; South Carolina nnd (leor gln, fancy, crate, 1201; ileorgln. bush bsk., (2411.60; Jersey, crate, (I 75 13 2 15 CHERRIES Black. Ih l.sk , Il loe 1.60 w hite. lb. bak.. 75c 411; red. sweet I lb hsk., Hoi 15; anur. 8 lb. bak. IIOI.K; In b,,xca. sweet, lb. iOQIIc. CCRRANTS Hmnll. red, 01 , 10011c; smell, black, at. SSJUKli.0''' 1" 14016c. BLACK -BKHHIEJS qt . UJfllc. OtXlSEBim'-IE.S -Irge. green qt . 10-73c emnll. ,.een lt.. 134115c. RASP HERRI h7s pint 1010 18c. HUCKLEBERRIES yt.. 12C'2o" oitANGEa Floride. J40; California II. 804r. URAPEFRUlT-riorlda bog. (4 4J-I 1.KMON8 California, box, (1 50 OS 35 UMFlg Dominica, bbl.. (40 6 PINEAP PLES Cuban, crste. S 76l(8 Porto Hlcn crate S 101 6 50 MUSKMKLON8 Califor nia, crate. (IOI SO; Arlaona, crat li Ts 0 1 (0; North Carolina, crste, (3 OSTRICH I'-OG Callfomts. flat case. (175O160 do North .-arollna. flat case, "Sr.. 0(1 30 WA 'J'ERM KIXN'S Georgia and Florida, car HMOItl. TUl ITS. 1K1K1 APPLES Evaporated, far Weatera. par lb, 20 011c . State, prime HOllc. NAVAL 44TOKE14 Splrita turpentine machine bbls.. (131 TAR Retort and kiln. (!i.60IS SO. ROBIN Common to eoou. straineu. in 3d, . 111.36; t). (16.75 a., 4;' r. fit Je; (4. 4U; I. Il- ... K 110.(0; M. (10; WG. (11. end WW, :i.(0. OILS Standard white. New York e.g. port, 1. ids (17(6: do., bulk, (Oil- do. caees. (20 15. Water white. New Tork, I hie . 118 26. do., bulk. (10.25, do., caaes. 131.16. Motur gsaolene. garagea 14 Uc, j . unsure, is 1SV (steel I, in, I a LINOEBD OII strictly pure, gallons of 7 V Iba.. in bble , It. 36. Calcutta oil. (3.(0. POTATOES Jersey, round. 106 lb. bag. (68OO6; Jeraey. round. No. I. 160 lb. bag. (6 6006.76, Jersey, round. No. I. 150 lb. bag, (2 5006, Jersey, round, bbl., (401; Long laland. bbl . (6.7304. Southern, new . No. 1. Mlo, 46(M H. aoutaeiu. Ho. K Speaking of Oil By Wm. C. Van Antwerp From the Walls of Babylon to the re finery at Bayonne. What is under the 2,000,000 shares in the new Transcontinental Oil ? Who arc Benedum and Trees the world's pioneer geologists in oil? Bee the Dow, Jones & Co. Bulletins Next Monday morning fin all well equipped financial offices) ; also Wediesday and Friday and in The Wall Street Journal the afternoon and morning following V r PUMNBYI.A ASIA CO. UCARANTKKI) I'M CENT, TIM -il CKRIIH ( ATEN. HKHIKH It IH K 1M1. Pursuant to trrma of afremnt dated .eptcmti r 1. 1197. and nupplmntal arc mnt dated February 1. 101. th under luncd invttea tendrri i.f above certificate for sale and delivery an of August 1. 1919. at a price not exceeding par and Intersil, to the extent of $100,000, Lh sum now payable to sinking fund Seated tenders, stating spr-rlflc nnmb--c of eertinrates ! l address to C11KARI) Tlil'HT COMPANY, Trustt-c sinking Fund Pennsylvania Company (luaranteed IH par cant. Trust certificates. Merles "B." 111 be received until 3 P. M. July XI. ISlf. Ac cepted certificate must be delivered on August 1st. of security furnished that day. if required, that delivery will be made within ten davs. (alRARI TRl'HT COMPANY. Trustee itFOKOE II STI A HT Id. Treasurer. I'hila.lelphia, l'S .luh IS. 11Q bbl. . -i '( .Southern N I. bbl. f J ;r i io Houthern. No I. defective. 12O4.S0 fWERTS Jeraey. bsk. 2tf7. INH'I.TRY. UVB BPRINQ HKOTI,KRS -r.ilnred. cxpreKS. 40.M3. BROIL.BRB Vhlte L.e(4horn. large, express. 42i" , White Leghorn, -niai;. cxpres-. s o 40v BPRINQ HRt ll.Krtrt--WVern. frt-Ight. t 3 .j -ir-t--; Southern and Botlth weatern, freight. 40 0 4Sc Ft iwi.it Express, ji Hl3c. frelgh!. light 3r freight, heavy, old ROOSTER-B- Freight. :ir Tt'K K BYB Hent. freight. 30r , totns. freight. 25c D17CKB WMtern, freight. Ho.; Southern, freight, tic : Lt-ong Ulsnd. cprlng lb . lie. GEESE Freight. 20c liTINEAA Pair. 11.10. IMOEt'.NH-Psir. SOc. POULTRY, DHEHSKD- BRuII.EllS Jersey and Ung island. colofed 2 lbs. und under. &Zc , Jersey ami I n laland. Colorad, - S lbs. and over. ach. - t . 8ta:e ard Pen nsylv aula. 2 lbs. and under, (C. ; Stale and Pennsylvania, 2 1 Wm. an 1 nver. csi h. 43 Q 4ftc . Western, dry pli kad, c4ored. 'J lbs. and under, each, ; - 7c . U'sstsrn. dry picke.i, ?S lbs. and over, each. 40 tf 4 3 POWLfl Kr--h dr pscke.i milk fed. I to box. Wes'Tn. 30 to 60 lbs and over to dftt, S3ti3Wc . iiftdar 10 Iba. S2 ; fresh, drv pack-d, oofn fed. 12 to box, Western, -to t 0 Ihg. and over to dox . 33 ti 3sc ; und- r 30 lbs . 31c. . fresh, ilry pa i ked and ic-d. bbls . Western, dry picked. 4 to i ha and over. 3 .' 1 , 1 Vs Ih . Itc . 3 Iba jnd under. 30 A Sic . S"Uth wpstcm lr- pte ked, bble 4ir kegs rnuw wHihts. 3I':J34c tI,I i n. K Fresh, tiry packed, boxes or bbl a., Wern er n dry picked. Ko, 1 , sic. . scalded. 2 1 4::. DUCKH- L'ing Island and P-nn ylvanlge, spring. 3 5 SJl' AB. Prime White, doa.. 14.50 ?.fjO. dark, ti 50 3 . culls. t t.t.OV 3 FROZEN. li-Ux PACK Turkes, Western, ntnall boxes, picked, elected youna hens, 44-ii4c . Western, dry plcketl. selecte.i ming toins. II 4 4 9c. . Western, bbls , drj picked, aelecteti yuung, 41c; ynung hens nnd totns, mixed. 4il' 47c . Texas. 450.41c . Texas, fair tu good, 40 fi 4 3c. i Md 1 1 ins. 4 Sc. Broilers, milk fed. fancy, li to 11 ibg. to doa, 3itt lie; fancy. II to 10 lbs, 33tf3Cc; corn fed. fancy, IS lo 24 lbs , KQUr.; 25 t. to Iba. 3wi3c Clitckens, milk fed. 11 to 0 lbs. and over to doa. (99414 . corn fi-d. 31 t.. to lbs. and ov-sr to doa . 40 v 42c, Fowls, milk fed. 10 lbs and over lo dux.. 37c 41 to 51 lbs., ItC! 41 U 47 It's Mo.! II to 42 ips . 34c.. lit in I'. lbs lie . under 30 lbs. Ilk , cum fed. 10 ihs and over lo dox , lie ; 41 to 55 lbs. t.j 41 lo 47 lbs. o. J II to 42 lbs.. 33c . 1') to 31 lbs.. 30 O 31c. . un.l-?r 30 lbs.. S9IOc Old cocks. West ern, prinio", drj- pickeil. 1 1 Ullc; Western, seal led. 20c PBOVIIflOMf Pork ateady: meaa, I . 1 51.50. family. T short clear. 5I j St. Beef steady, mess ISt34. family. 39ff 40 ; packoi . 137931; extra India mess. 161 C iO Hogs easy, bacona, II o . . 14 0 lbs. SITtc. pigs. Belllea dull; ph kled clear. 1011 lbs.. 14c. ; dry aalted cteur, 11-20 ba . 11c Cireuaea quiet; yel IgW, Utilise choice houae. nv ni' V Pickled hams dull, regular, 10-lv lbs. Ilc.. akinned. U-.'O lbs. I4c. Tallow Oulet , city special, loose, : " .1 - ; Lard weak middle West, 134 1014 10. city inrd easier, quoted 14c nominal ; refined lard weak ; Continent. 13 7 . outh Amen can. 137 .16 Brasll kegs, SH 35; compound ateady, quoted ..: Stearins quiet, city lard atsarine, 3ltf40c : oteo. 3'Jc. BVQAM Cut loaf, 10 60c ; crushed. 10 25c; mould A. l.iOo. . cubes. I.Tftc, XXXX powderod, !.20c . powdered. 16c. fine granulated and iltatnond A, ;. , von (totlonera A. s 0c. ; No. 1. 1.14c. VEGETABLES, MlftC EM.ANEOI S BEANti Jersey, bak., IOc,0$l,1; Jersey, Italian, bak . SOctftl 60; Jerssy. cranberry bak., $1 ti 1 60; Long Island, bag. 75c. Q 1. 00; lima beana. Suuthern. bsk., :;.c ul-BFETR- Nearby. 100 bchs.. 1203: noarby. bsk., II 0 1 60 ; nearby, bbl.. fj old, bbl, l a 3 CAHROT.S" Nearby. 100 bchs. HO 2; nesrhy, bsk. 1.20tf2. nearby, bbl, S. 50. old. bbl. 13 CORN North Caro lina, box, l r ; :n JtM sey 100 e.irs. J : - METAL MARKET. Transcontinental Oil Caddo Central Oil Wt have prepared descriptive analyses of the above stocks and shall be glad to supply copies on request. HALLE & STIEGLITZ Mrmbrrs of the N. V. Stock Eat-hangc 30 BROAD STRFET NEW YORK -i Specialist in Seaboard Oil and Gas Co. Traded In on New York Curb WM. B. STEINHARDT (Member of N. V. Curb Market Aaaa.l Phona SS4 Broad 44 Broad St., New York I We Specialize in Colonial Tire & Rubber Co. Circular on Request FREDERICK SCHWED 67 Exchange Place Rector 1561 1 C A N O P U S IRON CORPORATION Orusmicd under law. New Yorl, Siat Capitsl $1,000,000. All Common Stock Par Value $10 THE STOCK ot this Company will be traded on New York Curb, commencingjuly 28, 1919. Ask. your broker to o! tain prospectus or write direct to CANOPUS IRON CORPORATION MINE located at C.ARJUSON. N. Y. PtlillipMown, Putnam Co.. N. Y Jul.' 16. BIU Aakrsl. .luljr IT. H IK 10: N. '.'0.60 ; L I lerl. New York I UlsMsr, N Y . atsil ' Sillier, prims Wel I apet gpelter prime West I Aurnal I Klertrn spul Els.-tro noil, Aug . . Aluroliunu giiicksilser Antimony riatlnun., an t.iUMe. Pit Iron, No I, IT Pli Iron, plain, sill resi . . . Pli Iron. Ms. ii sin con. no. . rif Iron, haalr Mel. Rest I'a 1 Pltls, llsss Iron Puts llees bllleU OLD Mr?: ! .-. in. ; i. builnf prlcea are as follosra i - ' id', a poiuil tfavv rul ana rrni-ioie Idssi sad wire 5.66 6.40 111 ... 1 00 6 16 '766 .... 7. TO ' 671, 6.o T SO 6 00 li on n Jiv, . fi iO tl.SO -IS. 544 i s si no u.oo u on , .... ioa no .. not no 6 76 ... 6 621, (106 On I06 M M.ao si so no n m 60 30 30 .90 80 60 30 80 -v sii 30 10 . 30.30 .... 31. 66 .... V lit TM .... r 6. an so it m UfM anil bolLsns 16 Csl-flftfi M Hearr ai.. msrhloery .Minp lT.30wlt.Cr9 Krses. beasT ., ll.t6oll.S0 Hrasa, llslit 6.7j6t IS No. 1 risen trass tummra lO lshft-lo CSI Ke 1 comp turii!iias 16.7'16 Isd. I eavr & itsn 6 ' 1.S lead . . .t No if 4 01 Z.oc errap 6 I61r 6 Su l.O.NIHlN rKTM. Xf AHKPT LON'DO!, Inly U Kollowinn an the r.ih hltfiei qtl.iTSllotis I'opiw-r. spot In(isr futures Blsetrnl.rtl.-, spot llei-trolvtlo, futures Tin. spot Tin. fui. i... atral Hal pot. 190 tons 1 sad. apsl tsaa, futures hpelter, spo. Hprllcr, futures A 107 103 1" lf I. I la o .! t 6:l II 16i 11) futures H is 34 IO 41 10 44 I .1 I 'liana up New Orlratie t'ulfort up II o up js 0 up 11 Se 0 up t.i l a no i .i.s " ..it . li o oft 3 Marlrl. l' sots no 16W1 at Si (.ihi kans. Ju.y i6 A firm mar ket develops! in oolton to-day. Tho ; close was 91 tu 1ii4 up, aa follows: July, i I4.lt; Ooiobar I4.6 ; Dseamtwr jtss, Janiuiry. Mrcl, 14.14 Hpot, it. points up, mltldUlUli 14 I Ivs rpnnl 4 i.4on llDttCtlMi 1,1VSHIViiii July It. Follovvlna; arc : ths weekly cotton statistics : Quantity arsoat. all kinds. 220.000 bales, Amen can, .66,000 bales HIGH GRADE silver mine for sals. J. H. GRAHAM CO., BROKERS, 711 Unity fluildinf, Chicpffo. DIVIUCMM AM) INTKMMT. The Baltimore & Ohio Railroad Go. oFku'k or the SKG H BT ah v Ualtimor. Mi . ,i . .5. 191 Th lipurj of UlrMtori thia day delr frt-tn ttie pt rarnlBf uf lb CompHfUT f' r i h sin nifTUhit etidrd June 10, 1919. ft dividend of two per c nt .n Prfvr04 HUtW t.i -'rkholneri of rcirt clnt ff lulna Jul li. ill: rnyirt.-nt n iU be tllHd tin Sert'i,T - Jl . p'ovldrd lliftt t.ofor that dite ihn "hall ht been rCtvtd from Vftttd Htnte-a ut- ernnietit .m a -i 'unl "t . oiuBUAl lou & Jin Mfit -nt In !.' upliiWi. n Hi" lr4 - drnt . Ti-Hl: Oi htr a aliste hir, dm l iiiv U- Natinr n ti payati' a' a ' : data h aaiue 4nd p't!i- a' a later d vhen. ir ir.il If an n autn ih til be rr-i etl The tmnNfftr h.irnlia m n.i C)OM i W WOOLT01t, HtreTr. THK I KK.STOX 4IT1FKII S ( (l. Trenion. S . J . July M. iiviuf:m no At a meeting .if the nuani .tf Uira-tr. held t h la dt. i1l Uend ! ON' K l'BH i TNT 1 i ami dftlftre.j on the it) -Ctimitt-ttivt I'rffai rad Pt oi U 0l I -i L'ojh -pan payable Julj it, itl. lo il "ctilu.i, rm of ranrl at a o'clock V M July II, W19. Trtnafer hooka do not ctoaa a K. UWTON, Jacrata-rjr A Tmuuni, i r 1