Show 1 r Financial and Commercial I RICES OF ACTIVE p STOCKS IMPROVE U U Opening pening I Irregular but Early Los Losses es Regained in Later t Trading COPPERS UNDER PRESS PRESSURE RE Banks Banks' Cash Reserves Wiped I Out but and Deficit I Created N New w York July Juh G. G Some G.-Some Some Improve Improve- ent nent t over ter er yesterdays yesterday's weak close was wa manifested b by today's stock market t Tho ho he opening was Irregular wi with th dot do- do lines In the anthracite shares Cana- Cana Jan Ian Pacific and Brooklyn n Transit but b lost ost of or these losses were effaced In Inthe he the first half hour with general I strength elsewhere United States Steel as again the most active of the thc lead- lead rs' rs and held Its partial reco cr recovery Amalgamated Amal Ama Copper and allied stocks Smelting excepted continued to 0 reflect pressure probably In antici- antici patton lation R lion of or an adverse report I b by the- the pro pro- a association so next week r In In the thc railway group roup Hill shares held I firm Irm with unusual activity in Southern IS issues ues the preferred gaining materially on prospects of or an Increased I preferred preened pre pre- 1 ened General Electric Tennessee Coper Copier Cop Cop- ier er American J Tobacco and American nu all closed with material net tea gains Ins I ff Another low for tOI wasI was I reported from London where money I was easier and discounts harder The Thet t bank ubank statement met the most unfavorable unfavorable able expectations An actual cash loss lof of f a loan Increase of moro more b than and a decrease of or In net deposits reduced ag aggregate regate re- re gate gate cash reserves from to practically wiped out th the of oC last Jast weeks week's cash reserves I and land created a deficit oC of i i The bond market was Irregular Total I sales par value ft I Government bonds were unchanged on the week II I I LIVESTOCK LI MARKETS U. lun TS I a o. o Jilly 6 Cattle Mar Mar- nr ket steady rt I steers steer 5 80 I western steers 6 Int feeders 40 cow cnn helfert 2 cal Hos ReceIpt lIotI Receipt Market trony tron to I Cc c higher Light mixed 7 1760 fary U 6 pl pIgs s bulL bulk of ot sales I Receipts Market Native western 3 tI 80 lambs native natlie So wi w. v tern OO I II I CUr CUy Jul July 6 Cattle 21 no DO n Market steady Native 81 nIh-e nIh he steers It n 6 CO I southern cows fund ind heifers native cows and IntI belr heifer Mocker Sill and anil feeder federi OO bulls Lulls c SOO western steers steen itO western c cows ws 3 a It Hogs 1000 Market Bulk Bulk- of oC wales Rales henry heavy 7 1 packers II Suit III nd butchers lights pigs piss ro U k I Sheen Sheep Sheep-R none Market Mutton Muttons Mut- Mut too tons lambs G. G SOO range rance aDd nd yearlings range ewes ei OO South Omaha eb July 6 Cattle C. Cattle Receipts 0 00 Market Native steers N cows nod western steers 52 esa Texas steers stier 4 range d belter 3 4 25 canners 76 25 st stock r 11 sued and calves 47 bulls buUs tR etc 4 C. C rt Market steady to 10 strong heavy VA 5 7 71 mixed 70 ii light 7 lOs pl pip pigs Bos Boo 7 50 r. i Market Markit I steady y Tear u hugs S. S ij w O OO ewes 37 42 Iambs i. i F U U I STOCK QUOTATIONS I Sa lei It 11 I l. l I O. O llIs preferred f 83 8 S 3 American P v. v 60 American net Beet Sugar ito Ti iH 73 n 73 AmerIcan Can lil 1700 34 3 34 merIcan Car J. J II Cotton Colton Ott 53 I. I J. J phi AmerIcan Ice 27 21 AmerIcan 14 J 43 American S. S It Cg 34 S tl Preferred log AmerIcan Heel American Sugar Sug Refining l American Tel g Tel Tel 2 4 AmerIcan Tobacco pfd 70 1 1 1 American Woolen oln 10 Anaconda Mining Co n 41 7 41 Atchison C. C 4 Preferred 1010 loi lO Atlantic Coast Cst Line lne 10 10 10 Baltimore OhIo Steel Steel IO 31 Brooklyn Rapid 1100 93 53 92 92 52 Canadian Pacific 6 2 26 66 Central Leather 6 3 Central or of orew ew ew Jerse Jersey 3 Chesapeake ake OhIo 0 80 M Chicago o Alon Alton 0 u 30 t 4 Chicago 0 Great Western 11 Preferred 33 3 3 1 Chicago Northwestern 10 11 IS Chicago MI I. I St. St laul C. C C. C O. O St. St I. I 40 10 61 I I Colorado Irn Iron l' l i 31 Colorado Southern 41 I Consolidated Ons Gns 14 Corn Products 0 lS 15 16 1134 1 11 Delaware hudson 11 Denver r Rio no 19 19 19 Preferred 10 3 3 35 Distillers Securities O 33 33 lG 33 34 3 34 preferred 2 CIt preferred General Electric Il ISO Gr Great at preferred 43 1 l 13 Great ore eUs 11 43 4 43 Illinois Central 30 l Metropolitan 1 21 21 21 H Preferred 10 60 60 r 60 International harvester l International MarIne Cd 11 International Paper 16 International Pump Iowa Central 10 10 Kansas City Southern Southern 3 2 25 5 25 1 c 9 2 59 69 Laclede Gas Gns 1 I LouIsville S 1 C 1 1 8 I St. St Louis iS IS St St. It 1 P. P S S. S S. S M. M 1 20 lU II HI MIssouri 1 url I iCan nn Texas 6 MIssouri Pacific 36 36 3 Incle 6 National l National Lend kI N. N n. n or of cx pfd 40 31 Q 3 New New York Yori C t 11 ew York Onto Ont S 33 Norfolk Western 30 15 11 15 North 3 Northern W 1 1 1224 l PacifIc cICle Mall al O 31 31 31 ro IC 14 Gas GR 10 15 IH n 1 1 e C C. C St. St Louis IO Coal lf 3 22 22 Steel Oat Car Palace Car leO Railway Steel 15 3 IGI 1 Republic Steel 4 Rk- Rk Island Co I C St. St L. L S. S P. P pfd 8 80 35 37 35 St. St I I. I t t 32 Preferred 3 P 66 L u iU V Southern Hallway 10 25 29 Halway j 7 76 77 1 HC 3 40 U 43 43 3 1 S 3 Toledo St. St I J. J We tn 0 H 14 H 14 11 1 Preferred 0 29 25 Pacific iO 1 16 ItS 1 10 9 90 0 States 10 SOl O 8 50 0 United Sta States tc 10 5 C 4 I IV States Steel SHel 00 j iO I Preferred 1 1 11 Utah Copper 14 63 62 61 6 62 a 0 Chemical 40 60 ro 4 49 49 H 4 i 4 y 4 10 1 13 Western Maryland 57 71 57 7 75 Ti Western Union Unon G 5 WheelIng L cUn k fiske Erie Eric 7 Valley 2300 10 16 It l ChIno 70 3 32 32 3 It Ray COnSOlI 3 21 21 2 21 American n Tobacco O 31 Oi Air Line Lin If 21 24 1 23 I L J 10 5 53 S wI 53 Total for tor the to day 19 hael shares GRAIN GRAIX GRAIN A AND D PROVISIONS Chicago o July 6 GraIn Grain holders holer today tody econn t tred red tho the most mORt disastrous markets of ot the week The entire nUra list became brcan demoralized Wheat What for tho rin t time In a long while felt fell below the dollar closing closInG hen luay 1 IVi to l i 1 under last night Wheat speculators who h had bad d be been n attempting to lift quotations found es e weather uther conditions that suggested a la larger r crop than last Jut year cr At one time profit taking by shorts rallied wheat prices a I little but the tho bulges buhe brief Selling proportions altogether too to largo large to 10 credit to miscellaneous commission lon sources Some m brokers w ere re of ot the opinion that the most moat Important hull bull bul Interests hail had been getting CUD out or of all al the Jul July wheat PO possible pos sible BIble and buying September r at nt 4 cents differ differ- ence enec The most burdensome liquidation In wheat came during tho the last t l hour One leading house surprised tho the pit with wih sales of ot bushels It I was at this point pint that September whirled down to H below the dollar dolar mart mark September r fluctuated from 9 94 n 4 to with last lut sales ales a C fall of oC 1 compared wih with twenty four hours hou before beCore Although weather was Ideal for tor the growing crop crp of ot corn com It I hold held up much better beter than ganIn wheat Later Junior tho the Influence of wheat helt weakness proved more than could b be withstood September ranged front from closing cosing depressed ed WiB 4 net lower at Qt 66 61 Cash grades were In poor por request request re quest quest No 0 2 yellow elow Oats Oatt reached the lowest level of ot the tho season July broke so rapidly tb that t brokers broker had extreme difficulty In filling stop top loss log orders September Septem ber bee swung between 36 26 6 and ond 36 6 with wIll wih the close 14 a 1 U under last Jut nl night ht at nt 36 l Provisions suffered with wih the tho grain list In Inthe Inthe Inthe I the end cod pork prk became Ic less lew 30 with lard and od bacon off oc respectively 20 2714 and 10 to 10 I cents L Leading futures ranged I as follows WHEAT Wil EAT EAT- I Open Oren I nigh High I Low lAW I Close July Sept 99 9 Dec ll 10 lO 11 CORN COR- CORN CORN- I Open I High Ilich I Low Lw I Close CIse July 70 71 1 69 61 Se Sept t t 6 Dec li 57 67 7 4 I 67 7 Mf May 55 59 MS Sh 35 OATS OATS- OATS I Open I High I Iw I Close July 43 40 40 i S Sept pt 36 36 3 3 J 36 35 3 36 31 Dee Dec 37 3 35 37 37 I 37 May oy 40 25 39 3 I Open I high I Low Lw I Close Sept 1560 1640 co 1540 40 Oct n. n 1 IS 18 10 to 1440 LARD LARD- LARD I Open I I II I Low Lw I Close July 10 70 1070 1060 1050 1050 0 Sept Sept IO 1092 j 1106 1063 1065 Oct 1093 1055 10 1070 iO 1070 SHORT Il RIBS RIBS- I Open I High I Low Lw I Close Sept 1040 1040 Oct ll 1060 10 1040 1040 Cash were as ns follows Flour Wea Weak k winter pa patents ten is straights sprIng patents straights bakers bakera biker Rye No 2 2 74 Barley Parley Feed Feed or mixing fair to choice malting 93 Timothy Seed Seed Ced X Clover Seed l et r Mess Iel Pork Pork 1825 S. S Lard Jn In In tierces teres 1050 Short Ribs I. Losse e. e 10 f H T T A AA Total clearances of or wheat and ant flour Cour were equal to bushels primary receipts were compared with bushels the corresponding cor cor- responding do day a n year yea ago r Estimated receipts for tor Monday Wheat 11 1 care cans eon com corn I ears cars Cati oats ont HO cars care car logs hogs head NEW E STATEMENT sr I New cew York July 6 The C.-The The statement of oC clearinghouse clearing house houle banks benks for Cor the week i five fife days shows that I the banks bonk hold bold fl reserve ene In excess of oC 1 legal requirements This Is 1 A I decrease of ot 19 9 19 I In the proportionate cash reserve O as compared com corn I pared with last lut week J The Tue statement follows Loan I Increase I. I 9 S P l 4 s i. i I Dlo Decrease e 18 4 Legal tenders Decrease Net t dp deposits O I Circulation ton 46 00 O 4 Hanks Hanks' ca each h reserve In ill vault Trust companies companies' cash u rv serve ri-serve In Invault vault mutt Aggregate t c rt 43 Excess Elles In lawful reserve Decrease Trust must companies reserve 18 clearing clearinghouse I hou house e members carrying 23 25 per cent ert pcr cash iO o ACTUAL CONDITION Loans Lans 20 Di 1317 SO Sp Specie le O Decrease p 1 Legal gal I tenders u D Decrease rae Net et t deposits lUj I Decrease depsis 1 Clr Circulation s O Decrease Banks Banks' uk ca cash h r rosetTe reserve ene In vault uJ oO Trust companies' companies east cash reserve Invault In Iii II 1 vault J Aggregate reserve 4 Deficit cash cah reserve c Decrease 1 Trust companion reserve with wih cle clear clear- rIn r- r Ire ing hou bOI c members carrying 25 per ier Itrel percent cent In el t cash r reserve re 0 Summary state banks Lanks and trust companies In greater clearing New house bouse hOlse York not reporting to the New ew York Ian Loans I III II Increase 19 Specie SL Decrease ICO Legal Leal tenders 8 1 Increase I Total deposits ln Increase tellos 4 New C York Jul July 6 The Th G.-Th The Financier will wi say un While n U reduction In excess lu iu cash rC reserve lre had been anticipated the tho statement of oC the clear lug Ing Il bou house hou-e banks bonks In New York for Cr the week weekending i ending July 6 6 showing an nn actual deficit of or In this hits Item Hm was a Q surprising feature The le deficit exists eIst only In the tho statement I on actual conditions the the statement based on 0 dally daily averages showing nn an the tue toly tw per Jr cent tent minimum of ot 3 I. I of or the tho loss of oC I Is rho The explanation rC reserve te to tobe be lie found In tho ho decrease rne f or In cash during the week Inn Loans expanded antI and It Is I evident that these loans represented nn on actual cash reduction ton to the banks On the weeks week's operations the banks lost probably something something some some- ore thing like Ilc owing to continued exports of or gold 01 and dealings H with wih the thc nub treasury and the tho loan han n expansion accounts for or hIi the remainder of ot cash cah I loss lo s. s Deposits as OP m might ht bave been ex expected cx- cx x heavily I ho DC actual tuo I r reduction having been 8 and ond while this lowered the reserve requirement considerably It could coull not h make mac up for Cor the tlc heavy cash loss hence the deficit cit reported EVAPORATED New ew York July 6 Evaporated apples unchanged un changed spot tc 9 IJ io choice Hl t j 7 fi rt Prunes Quiet s Quiet 1 quotations ton ran range from Crom 3 2 for Cor up to 40 10 and antt 6 for Oro- Oro g gons Apricots Steady choice 11 il 1 U extra choice e fancy lv reaches gal choice 6 7 extra eltra choice I fon fancy r 7 9 i QUiet Hal ulet lo loose 1 muscatels 4 choice 8 seedless to fancy cede seeded needed London Lon Ln Ln 1 don layers t NEW YORK GR GRAIN GIttIN New cw York Jul July 6 Quiet Flour Hour Quiet and ant easier r ron on better grades aralles Spring patent 6 iO winter Ilter straights winter patents 65 oso sG GO fp spring I J clears ccArA winter extras e No No 1 1 0 winter extras No 0 2 Z 4 ai straights 40 00 OO I Wheat Spot pot easy Ulf No 2 r red lJ 11 elevator b domestic basis and ond export 15 1 5 3 G f f. f o o. o b b. b afloat both to arrive and No 0 1 northern Duluth c f. f o. o b. b I. I afloat Futures closed at ot 1 1631 1 cent N net nel decline July closed September lG closed 10 10 1616 December r LO i. i closed chose f ft flUTTER BUTTER ESE AND iND EGGS t p Now New W York Tuly July G Dutter G. Butter Steady pr process procesa eS m firsts 23 f Chees Cheese I Cheese km Skims 3 Eggs Egg extras etra hJ a h Chicago o. o July 6 flutter ye G. nutter No market Saturdays J during durina durl July and Ind A a Saturday I No g No r market during durInG July and Ind August on S r Cheese SteRlY e Steady Daisies 15 ll twins twin tIM 1 1341 13 lU young oung Americas J 1614 long Ion horns horos 16 1 t to 4 o COIF AND AXI SUGAR n. New w York July Tuly 6 C.-C C. Coffee Coffeo Ceo future closed dull dun with wih prices 3 points lower r lo July 1320 AU August 13 1374 S September n. n 1345 October 1 uso O No Korea Korea- em t I ber 1356 15 December 1364 1364 January 1166 1966 Feb Fb February 13 1360 March MAch 1371 nl April 13 1373 16 May Mar fT 1375 1373 June 1375 lUG Spot Rio no No 7 1 1 14 K Santos Santo No 4 4 16 mild mid quiet Cordova Cordora 1 18 nominal flaw Baw Bugar sugar lugar Holiday CONDITION CONDITION OF OP THE TREASURY Washington ton July 6 At At t the beginning of ot busl husi ness nesi today the condition of ot tho to United States treasury W was Working babb balance e In treasury offices In Jn banks and ond Philippine tr treasury Total balance In general fund Receipts yesterday Disbursements yesterday T 1422 s1 Deficit to date dae this tl fiscal at year ur D Deficit at this last year Thc These e CJ figures figure ues exclude Panama canal and public debt transactions cana anI NEW Er YORK ORIC MONEY MARKET New York July 6 Money on call norh nominal al Time loans firm fir CO 60 E days dOT 2 per cent oo 0 days 3 i. i six NIX lx months 41 H Ier Prime mercantile paper 4 to 4 4 per cent sterling exchange with wih actual bu business In bankers bankers' bills bia tt for tor 60 day da bills and at 4 87 33 II demand Commercial bills for or bl St J i iBar Bar sliver silver 61 SI Mexican dollars dollt U. U Government bonds steady railroad bonds bonda Ir ir regular COTTON COTTO X MARKET New York July 6 Cotton G. Cotton closed dOled steady net points higher Closing bids bId Jul July 1178 nt AIg August t. t 1185 1133 18 September 1184 Octo October er 12 1207 1201 November 1209 1205 December 1216 1215 January 1 1214 February 1215 March 1 1220 May MRY 1225 tZ 1 Spot steady middling uplands 1215 middling gulf 1240 Hale Sales alca 1815 1415 bales METAl METAI MARKETS New York Jul July 6 Tn S.-In In the absence of ot London advices metal markets market were neglected and ao practically nominal Lake copper 1 14 |