Ww'''" V-'W mmw s,m X r t EVENING PUBLIC LEDeteR-PHIIiA:DELPHlk; TpBDAY.j . .tt&qft- 1& 1022 - x )M ' . r . i i i i i .M I J- in. lM Rl I ' 1 I &.W 'i sts . ., P ; ,T '1 n I "rU J VftA, $& 'W tf Spruce 8200 V . fl V. ltl. r ' t. v W ,? i ' , k The Francisce Sugar Ce. lit Mtare. (Closed Mtse.) Vj i 20-Year 7V Sinking Fund Geld Bend s Dated Mnr IS, '23 Due Mny 1.". Price 100 and Int. (a yield 7V4r, '48 HECCniTIGS DF.rATtTSIT.NT COMMERCIAL TRUST COMPANY Member Tedeml it-serve Mstein City Hall Square West WEEK ENDED WITH I BUOYAN MARKET 1 NEW YORK STOCK EXCHANGE TRANSACTIONS LOCAL TRADING Net i niv. :e Pnles in j ?'s Speculative Sea Likely te Be Cheppy in Next Few Weeks Full-Fashioned Hosiery Plant Widely known manufac turer offers business for tale. . B 701, Ledger Office Ci S. PATTON it CO. 3D CHK-STNL'T STfl. BANKERS flncee-eere te SAILKK HTEVKNSON Bens sod storks bought and sold Members Ddla Nictk Rich sure Lawrence E. Brown & Ce. CERTIFIED PUBLIC ACCOUNTANTS 1CS0 RRAL ESTATK TRl'ST DI.DO. Investigate anil adjust corporation and Partnership account' and prepare Income Tax Heturn. FINANCIAL KELSO SMOKELESS CO VI, COVII'ANY Vint Mortgage fl'r 20-eiir (.old llends Netc Is hereby civ en that pursuant te the ."Inking Fund prevision of the Mortgage dated July 2. 1000, Nina (0) of the abee bends, each for 1300. have horn dr.ivvn ter redemption en July 1, 1012. it 10J, 1 and accrued IntereU te that dat . The bend drawn and numbered as below with all unmatured coupons attached, should Sew Yerk. Mnv 1". Tin1 week closed with a brand find bue.vmil stock market I tnilny. While there wit .in absence of 'the spcetnctilnr advances attending r terday's esiieii tin whole lint showed whnf could be best called nil nlmet iiicMstlblc. upvvnid trend. The pto pte Liivjvi mid broadening rlinrncter of tli" ternnnl swing mulling ns it did I int'tlrnll. evert, division of th" list if. Ilri'ted n complete tout of the tc.te tc.te tieimiy jinrty ns then1 was outstanding reef of hasty cewrlng of shorts all ' i emul the room. Although .peciiliitltp inteiest eon een finucil roticentrntid te n gient "tcnt m tlie issues influenced by the steel im-igcr there was n distinct broadening of bullish activities and mnny ethct , issues been mi prominent in the trading because of vigorous bieinj; and sub stnntiiil adtnncrn. Thi was partic ularly tnn .is t Hi" lailread diisleti nml lh" lewi-r-pru cd oil Tup spv.ien was punctuiued In friipu'iit periods of liberal pieilit - tHktiis. but thpe ofter efter iiik wpie iiicklj oercoine b the hi.nv , ililiuv et treili but lite orders and the constant retreat et the shorts. As i result the final pi ices were net enh in me.r eases the best of the d.'. but m i niinibereus instaiii.es were the hlRlict of the week. Trading bends rip netnin.il am1 iricK't'l if of tone. Liberties used ami fereicn efferinss were mixed Frew b Oevrninent s, Swiss Ss. Heluuni iT'ts and Mexican is were fraetleualh i hizher. thlK Tiench T'js and seer.i' of the rii'tuli iniinieipals les as mm h Ainen domestic ltidiistiials, mils .i tci utilities i hanges were cipiilly narrow in no iiistaiup exceediriR n.iciietis. It it wiis Known bow maiij mere Mir prisi s ibHie wiri "tered up UK" tb" big eup Charles M, Sdtw.ib pull, il ..fl te th" nt tot surprise of tlie Mnei in the Het hlchein-Lackawanna Stei I mei k'i r ill" tuttire of the ctirient maiKe would be much mere pay te i"id A it stands, it is nr. one's guess, ter. ,r the moment, the general inarKet "It na tion is se hi.nU charged with conflict - .in,: i run i urrents that some of tin ! shrewdest ebseners frnnKlv admit thnt inabilit te ariive at u -atisfactery ami rellibl" reckeniiiif. In consequence, fei the next few w i'K". th" specill.ltlP e.i is liK"h te he e-y choppy and the hoii heii hoii .en mi'icist with tog banks. l'ut i spciuimivu entlnisiasiii had been iei harsed te a high pitch by the I Hethlt hei'i-i.ackawiinnn merger, it was u pretty s.ip. bet te sa (lip market h.li 'cVmmercla" Trucemrani? ffit! lp &'T ' tn" toward getting Cltr Kali Square. I'nl.adelphia. en or arter the reaction mail, including the sold July 1. 1922, wnen an interest tr.ereea wuieui hulls m( peen awaiting for some ceaie. rei. 7 12 57 10 11'. ITS 1P2 204 273 COMMERCIAL rKfST COJU ANY Trustee JOHN 11 ifABO.V President. time There was. nr least, just ntlit'ien' circumstantial, it net concrete, cMilenci te indicit" erv clearly enough distri bution had been ri.tde in the preceding thri" or feui weeks te require a perien of tligistie rest. As. a matter of fact the li"t. as a who'", developed well-de fined sMuiitiiiis of indigestion and en rOCAMO! tAtt CO.Ns(UJIIAlfcl cot. IJEBIKS COMl'AY. INtOKI'flKATl-.II Kft-yeab nvn pkb cex goie BONOS. DL'K .ILIA 1. 1917. Netice Is hereby given, pursuant te th , terms et the Jrertcaze dated July 1. 1007, hat lh unders zned as Trustee will r , .. i j .... :. i....i..,.i .... i.' i. ... ;..i.. i. iSr ealed proposal up te 2-00 P. M. en i "-" " i '" - "Ki tSt th day of June. 1922. for the sale te It an acute case. IVsplte the Umperan s( bends as above d.ncrlbed sufficient tp us; restoratives supplied by til" Schwab lh nmet I45.M2S1 The . urderslared .. 1B '..' niietlnn Kie nsni xe rvjcci any or su isncers, : , '! , ,. . -. ' L . iwneruer tne uigc'ine (iisiurDauce nas been entlrelv corrected. This much is certain, n large number arvea t l ta wbeU or In part. I THE NEW YORK TRUST COMTAMT. ' Trustee By A. C. DOWNINO. JH.. Assistant Fecretary. V. . Mst 4 1I?2 of the well informed and deep thinking of th" market rummunlty de net enjoy the same ii gree of implicit confident e i.r .hMiiAiltfn a4 ets AdvACiBaetvf-ltn CAMUKIA -SfhEb COMPANY ul " '""" "" -" '""' '" The Annual xreetinc of the stnekhnM. precrim as they entertained, sav, er of the Cambria Hteci company win b month age. Kneugll, llkwis", has been niiaii uweura ui iiirCTinwnr, .n in.'w . .ti.-i...,! ...M,, th no( fnfnlKf .., itn.i. V..1V..W-... .. t... .'....(,..1. .. cenvinc" nil t'nbinsed ebcrters an al most dangerous overextension of Hpecu lative commitments en the long Mde had been created. Coupled with this are many substantial reasons for assuming the se-called peels and speculative com binations succeeded In unloading a larger part of their holdings en an ever confiding public, it is nlmest quite cer tain, in nil events, unless surface signs ure misleading, the pcrsennllj conducted peel operations h.i" been, for the timi being at least, suspended until condi tions and circumstances become much mere propitious for their resumption. Then again, the play time, or the va- iwrpn STATF.S SHlTPivr. nn.nn 'catien pel 10(1. or tne nig operuiers i- threush the t'nlttd states snippnc Heard i rapldlr approaching and ill hut a short nwiency rieet Corpention Invites bids for I time tlietc will be si en H striking "Xeduu furnlshlnit Rottem I'a nts at Bo'ten. New , "V, ', , ,.i,.u ( VBI1 itrert te fereicn Yerlt nnd Philadelphia of tile big lights in u an t" l '" 'eicimi Fer full Information and f 'in of p-opeil and ether meie ointettabIe clim"b. In communicate with "le Depurttn nr of Pur- .,, i.,nir histeit. Wall Street bus seldom chases and Supplies United states shlpplrs l? , k " i " .,, l l,ll mnrl ... .lerln u- vn.i.r.nr.i. v ... (rme.. ..!.. ..mpripncrit niiv Lug en ti inaruct uurin.. nwM.u. ,-...v.w..- -... w.KW1v,uli , 4.,tl. - r. . .- en, v c. . 'the henteil teim, nnu ireui an siKjis. imt- Annual Meettnra Wldener Bulldlmr. Junlpr ar I Chestnut afreets. Philadelphia, I'nn h r,,a. en Tues ay. May 10. 192J. n 5' o'clock p j.. Mien en election will he hel.I for three, directors te sane for the term of three jears te su: teed these whose tc-m wl'i then exnire. P n RURTIS. A ge-e;arr WESTINOIKHSK KLFCTHIO A MAMTCTl'KINf. COMPANY 1CS B'way. New urU. N. Miy II 1022 Fer the purposes e the Annual Meetms of Stockhelderi te be h Id en June 11. 19!. the stock tr.nsfer bnel s n!l he closed en Jlay 20 1UJJ. at 12 00 o"eleclc M. an! reopened en June 1 1022 at 10 e clock a. ar. JAMKS c- RRNVnTT Secretary. Proposal latti Bids will he recened unMI 2 P, J. (stand. -ara lunci, uunv . iv., Envelopes should be nddreised te I, Van Ulddleswerth. JIanager Department of Pur rhaaes and Pupp!le i United States Shlpnlnc Beard, Emergency Fleet Corporation. Wash ington. V. C. und marked "Rids for Sup bllea Ne. 401 " Tha rlcht is reserved te reject any and all bltti. summer is net going te w: unj rarrinieii Things, of course, could happen te change the entire outlook, but It 1' obvious even te the untrained layman that until this transformation occurs the technical position, rather than out- slde conditions, will continue the gev 'erning factor. nivlilende GRAIN MARKET XBK ATLANTIC RFJ1M.S(, COMPANY SIM l'ussunk Atiuue, Philadelphia My 10. 1022. At a meetlnc of the Rmnl or nirr..r,.. held May 0, 122 a d vldend of J-. 00 ter , May snare wb urent i n uie I ommen Rtec lulv of the Company, pajable June is. iD'2. te ' si.-niber Cern Mv . July September wn-ai Mayk"",dYy''Sf "checks' l', C"" 'f bsT"e" I " "" Jlay , -H'--. , necKs , u ma .ed u . W. I'. AMM.ItSUV s.rr-tsrT ,,.w Tet. elee ill '4 64'j OH'. 1 41'. 1 Jil', I 1'JS Open MH CM', 11 A M (11 M4 U7 1 4,-. ftl 15'i 1 .'l fal J'l'j 1 '.('lli I 1 -OS jseia; inreusn an error the date of divi dend pajment or ti, f jr.-ulus wa erlctnaMi 'nnnreil . av 1 ,1,(1, 1 U June 1 ' Nebraska Power Company " Preferred Sterk DUiilenil Ve. 2(1 The reuular luiirterly .'tvidend of Iir. en tha Preferred Sterk of Nebrsekn Pewr fT!Pa.ny. ha" .ben drclsred ravable June 1, 12. te preferred etec't holders of record at the clone of business May IS 10"" ...-m..,. .rraaurfr. lull Str'mie v Ju SepieinLc f.rd- -lulj yeptemt 41'. HI". J1 Il 7 11 4'.'. -'il V.K 1 00', 1 1.4 II hi b. n COTTON MARKET FOREIGN EXCHANGE New Yerk. May 13. The market for foreign exchange opened with heli- ila. annenrnncf. unit nnnlnllitnu ...-.. VV '. ..J.JJV... - ...-. nw ... .i, -j ivi'ir s Irregular within n nnnew rnngi-. Ster Ms 7 " 87 10 01 19 05 Juii it " i M ''' 6i Oit 19 51 I'lBrt ifs D.c li r, i 19 4s into Ian 10 41 VI 4 J 19 4 Mar 1 4-. 10 Id "47 Hpet 20 If. 10.7B 10 40 10 41 10 4 1 S 10 89 IK 4 , 10 474T4s 11 51 'a l'l 51 fl'.. 10 4J 10 41 Sites 100 soe 100 400 tee 703 100 100 400 100 800 100 100 300 200 100 400 200 GOO 2200 100 700 868 100 100 1700 2100 100 2400 1600 200 700 500 100 200 3600 200 1300 15 200 800 200 -00 1900 1000 300 200 6400 1000 200 500 , 100 400 12000 400 300 90 Ti00 000 100 100 '00 r.01 200 zee 700 1100 100 1600 1400 ?00 .'00 100 100 600 200 100 400 '10 100 100 ;oe ."OOO 800 100 1600 100 2600 100 100 1103 8700 J00 1000 1400 2400 300 2100 000 2300 : 16800 200 noe 300 1800 400 1400 400: 100 100 100 uOO 100 700 li00 700 '00 100 700 oe '00 iOO 10100 100 100 100 00 "MOO 1 -.0 100 2'jOJ '00 1b00 29 00 100 300 5500 200 POO 2900 1 ;600 J300 , ae 500 bOO 700 1600 600 600 J(J 6 JO 0i ij ' I jp'J ec 390i lO'i 100 r '00 3000 U00 1700 .300 NEW YORK COFFEE MARKET YeM Ife Mi, lune Jal A us t JJt IK.' Ni V Dee Inn Feb Mar. Rid PjC I ling opened M higher, and there were gains of U point ever vcsterdiiy's final lifures In francs and Danish. Helglnns were down H and lire and Norwegian lest a point. Swedish was down 2 points and marks showed a less of "i net (Jlldera were 10 points under th" high l coerd established ester,day. Specu lative fcentlment appeared te be con cen fuwd. Tie market, after early Irregularity. iV developed strength. There were iul- 5f,ISf.TgncwJ ui i. ie . piuiiis irem ine open- ,jf ngurcs. .m tne nnu sterling wn" ra ever lsici nuj s iinui, irancs aknwtMl n net enln of 'J'1. Iti'li-lniw nml ' -. ., nr.reried Danish 1!, lire I1., nnd Nerwaj .". MaiK- tecit of re.erd May i A ..nn.....mM. .1 4..... .1.- ........ ... A'tl' ..- Wr7 UUL'imitKIU llt.lll 111. 0fV'llllJ .UIU showed n iiPt less of Mj point. Central Ihirepean exchange1 were dull today as follews: llulgarlnn .70, Ilumnnlan .71: Serbia 1.48: Czctlio Czctlie Czctlio aieTaklnn 1.IW: .luge-Hlavinn, 87: (reek 4.20; rinnlsh .M0; Polish ,0255; Au strain .0118; Hungarian .1M unnniiinii cxi iiangc leitcneu tne nigh ivt record today for the last two or three vj.v wgrn l aj-iw ivr v-vni. .iviuiuiii .mi krtKS"JW xerK. 'itie uisceunt en cnnaninn Ocen li1'" T-e1" Cle lese V t!0 40 10 41 10 81 lOJ'l 10 ' 10 2.1'a25 10 Jt 10 00 0 11'. 1 70ffat il SO 9 SO 11 7Hlft SO 'l 78 t'l 72 'i 7(i T'l 15 I) (11 1 '7 60 . 9 '.sWCO 'I -.: . tl 51 ( ,-,4 . . ! 10 s '( . . 45 ... '' 45347 I. IL. Nominal. 12 STOCK 1tlh Advance Uuninly .. 17 Ajar Itutiher 17 Alaska Celd Mines. 7 Alaska Juneau O M. 1 H Allied Chcm & Dye. 66 U Allls-Chalmers .... 49 H Am Agrle Chetn. ... 39 Am Beet Sugar.... 39?s Am Descli Magneto 45 'i Am II Pheo Kdy new 61 Am Can 47 j Am Car & Fdy....160& .. Am Chicle 129s . Am Cotten Oil 25 ?s . . Am Priii? Syn 51 . . Am Illde 4 Leath pf 67 Yt 7 Am lee 105 T Am Ice pf 30 !i .. Am Intel nat Cerp.. I4J2 1 Ani-I,n Trnnce Hns 12Ji Am l.lnseed 33 " Am Locomotive ... 1 1 5 " Am Locomotive pf .116U 1 Am Iladlater 98 . . Am P-ifety Itazer. . . GJi . . Am Ship & Cem.... 17 Vt . . Am Smelt 59 7 Am Smelt pf 97 3 Am Steel reundrlea 39 . Am Sugar Hef 75 Am Sumatra 33 Ji 9 Am Tel Tfl 122 1 2 Am Tobacco 1 39 H I- Am Tobacco .H 136& . Am Waterworks .. 12!-, 7 Am 'Woolen 92 . . Am Zinc Ld & Smlt 18 . Anicenda Copper.. 52 "J C Ape D Ooeds 1st pf 82t$ Asse Oil 125 6 Atch Tep A San Fei 00 . Atlnn lllr & Atlantic 3!i 7 Atlantic Coast Llne102U Atlantic Trott ... 4 . . Atl Gulf A W 1 3 S 35 '2 Austin Nichols 25 A ' utln Nichols pf.. 85 7 Haldwln Locemotlvel 17?i . . Unltlmerp & Ohie.. 47 1 Haltlmer. & Ohie pf. 60lB . . Barnd ile Class n. 44 J4 . Hitepllas Mining... 1 f. Bethkbem Steel.... 77 U r. Beth Steel B 81 "i S Beth Steel Se pf. .1124 . . Urlt Urn Steel 2d pf 27 . de Odd Ixjts 26 !i .. Broekl.vn Lillsen rts 2'i . Bkln It.ipld Tiansit 26' . Bkln n T ctfs of dep 22 S lturn.s Bres A 1334 2 Burns Bres B 40 JA 7 Busb Tcim Bldg pf 97 . Butte Copper & Zinc GJ . . Butte & Sup Cep... 31 .. Butterlck Ce 27 . Cadde Cen O & n.. 3 . California Petrel... 561J Callahan Zinc & L1 8 Canadian Pacific. .. 140 tg Caison Hill Mining. 134 Central Leather.... 37 Cerro-de-Pasoe .... 37 !i fertaln-tced Pred .. 464 Clnndler Meters... 73 Ji Chesipeake & Ohie. 65 '4 Clilcige & Alten... 8 Chi & n 111 (new). 38 4 f'M 4 TJ 111 (new) pt 56 Chicago & Gr West. 8 5, ('lilGl Western pt... 21 chi Mil & St P .. 26',, nil Mil S. St P pf.. 42Ji Chi s. Nerthwestprn 74 'i chi cl Northwest pf110'4 10 Chi I? I & Pac 1 hi It I & Pac 7ci pf Chile Copper . . . . Caire Copper . . . Clev Cln Chi & S L Coca-Cela C010 1'uel & lien.. Colerado i Southern Celum Gas & niec. . Coluni Graphopheno Cemput Tab Hce. . . Consolidated Gas... Consel Textiles .... Cern Product Ref. cesden & Ce Crucible Steel Cruclble Steel pf . . Cuban Am Sugar. . . cub Amer Sugar pf Cuba Cane Sugar. Cuba Cane Sugar pf Davisen Chemical.. Pcbeers C Mln Ltd I 'e law-are & Hudsen121 Ji Del Lace K West.. 117 uurnam jiesierv pi 01 z Hast Kodak (new;.. Kmersen-Brantlne . Lndicott-Jehnson . . nrle Krie 1st i)f Lrle 2d pf 1 airbunks Pameus Plajers L. Pc-d Mln & Smelt Ked Mln . Smelt pf Tislc Rubber .... Freeport Texas. . Gaten Wms & Wig (ten AmTCil pf Genera; Asphalt. .. General Electric. . 1J'4 954 195 28 U 65 57 Ti 36'4 48 li F8'4 418 67 117 134 101 h 43 . 771, 94. 21 V 93 15?, 33 U 60 21 H 77 8' 82 5, 13, 21 J, 15 15 80 j; 12 43 IB?, 19', 2 98' 2 163'2 1Z 81 2 40 . 28'-. 17 75 41 11'4 141; 87', 2 78'.. 19H 9i 36 General Meters C.ei Meters deb 6 Goedricb B F s. Granby Cen M & b Iray &. D.-nls Great Northern pf . Great Northern Ore Guantannme Sugar. Gulf Mebile &. Ner. Gulf State Steel.... Hablrshaw El Cable Housten Oil ' Hupp Motorcar.... Hvdraullc Steel.. . Uvdraulie Steel pf. Illinois Central 103'j Inspiration Cen Cep 40' 4 Indlahema Ref Intcrb Cen Cerp... , intcrb Cen Cerp pf Jntr. Cement Inter Comb. Hng . I nt Mer Marine. . . lnt Mer Marine pf . . International Nickel International Papei , Intel Paper Pf Htpil Invincible Ci' Cerp Iren Products nlind Oil Jewel Tea Jewel Tea pf lenes Bres Tea . . Kajaer & Ce. new .. Raman & Gulf.... Kan City Southern. Kan City Se pf . . 4 3 l 37 '; 2r, 2J i 84 4 17 ',1 09 i W , J2 , ls 21 , 71 'a 42 45'; 5, 28 59 l.nvv 17 17 'a ns GG' 484 39 39 i 45 61 47yj 160 ',4 2 25 S G7V5 lOJlj 801, 44 k 12H 33 114 116 98 C?i 16V, 58I4 97 28 V, 74, 32 H 121 H 139!, 13614 12U SOW 17Tb 5214 82 Vz 125 D9t4 3'i 102 3Ti 35!, 244 8412 11614 454 60" s 44 1 76t, 80 4, 1124 26s 261'-. 2'4 2Vz 21 a 13JH 404 96, 6, 30t4 26H 124 56!J 7JJ 13914 134 36 , 36; 464 73 65 1, 8 28'7 544 8, 21 25 '4 41 H 73 ' 1104 43'4 95 19. 28U G5 57'i 35, 47'4 87 4Js b5 116 13i 101 43'1 4 94 20 92 15S 33tA 9 21 H 121 117 81 14 76 , 8U 81 '5 12 21 2 15 15 PON 12 43 17 '-4 18', 98 '2 Ol 3, 103 ';. 12. 81 '2 40 4 ?8 17 74 41 U 11 14 84 2 78 , 184 6'a JO 10314 29 4 2 i's Te, I ealei, 713.000 share, cempered -with 7 25'4 23 8? '7. r0'4 e9 W 12 1 ' 21 71 12 434 4 27 b9 1 17.' Todal'S Cleso 17 ' 17 Ti 1 14 1 t 39 t 394 b 45U r 01 b 47J4 160 12 !-12H-2514 5s I 67H- 104 V33 ' 114 110 - 90 ' 6 17'i ' l!8!4 ' 97 -;9 J. 75 ! 33K3 ' 1214 ' 139'. " 13614 1214- 91 4 17T, 521; 0212 125 - 99 "A ' 3 102 4 ! 35 25 ! 85 ! 117 46 601, 44 1 - 77- 804 -1124 - 27 ' 26 2'2 25 22 133 401; - 96 0 30 - 26 ' 13 ' 56 ' 8 139 13 - 37 37 464 ' 73 65 : 8 284 ' 56 8 i 21 26 ' 42 ,- 74 : 1104- 43 ' 33 i 19. -28 . 65 -57 -35 4 48 ' C8 f 4 r 66, - 116 , 13h ' 101 i 43 -75 94 21 ' 92 -15 33 ' 9 21 - 121 - 117 -s- ei !4 .,. 77 8 81 -12-214 -15 ' 15 -804 -12 -434 ' 18-, 19 . '4 98 Vz , 01 103 i 12 81 40 ' 28 17 75 -t-414 . 1 1 -t-14J4-854 2 78 19-f 9)4 - 36 1 03 14 - 39 ?8 -4 t-2-5 . 3714 25 -2J -82J4 J 179, 50 G9'4 : 174 32 ' 1 21-f 71 'r . 42 -4514 5 28 ' 59 I 8,00 shares In V 2 4 s 1'4 1 4 '4 '4 '4 1 ' '4 - 1H '4 1'4 14 Pnles 1000 100 1700 4000 100 26800 5eq 100 400 2200 : 400 100 600 900 100 100 500 300 100 100 100 1000 1000 9500 5300 3700 300 GI001 GOO 100 44800 300 1400 1800 700 803 2100 100 3400 100 100 100 200 1500 200 STOCK Illnh .. Kclly.SpK Tire 51 0 Kelsey Wheel 98 .. Kcnnecett Copper.. 2314 .. Kejstene TAR.... 22J4 6 lCresge 3 S 138 .. Lackawanna Steel.. 79 .. Laclcde aas of St L 79 .. Lake Krie & W pf.. 334 2 Lee nubber Tire.... 33 J 1 Lehigh Valley 62H .. Lecwe Ce 16 7 LouIhvIIIe A Xash'e119 32 Lerrllatd P 152 ...Mack Truck 49 4 Macltay Ce. 92 7 Manhat Llev Ouar. 51 2 Manhat Shirt 40 J4 1 Mclntvm Mlnci new 1014 .. Mar St liny Istpf.. 38V4 6 Mar St Ry pr pf.. 62 .. Mar St Rvvy 2d pf . . 23 Marlln Oil 31 2 Martin Parry 31 Jiax Jioter Clas A J'4 Max Moter Class B 224 l Mexican Petroleum. 131 Lew 5014 98 32 21 96 138 78 U 79 33 33 6114 15 119 15114 48 92 51 40 18 3014 62 23 30 H 31 ba4 21 Ti 130 TeilaM" 0" unae 51 14 nn -! 3 3314 22 138 -78U-79 33 H 3314 G2H 16 119 152 Miami Cenner Middle States Cern. Minn St Leuis new. . M St P & S St M.. Mldvale Steel Me Kansas A Texas Me Kan A Tex (wl) Missouri Pacific... Mb Pacific pf Mentana Pewer Montgomery Ward.. Nit Biscuit Nat Lii & Stamp 284 2014 144 13 60 U 40 11 U 17 23 5514 7214 21 K 145 42 National Lead pf..110 Nat R Ref M 2d pf 54 Nev con Copper. . . . N O Tex & Mex.. New Yerk Central.. 1614 6514 8914 C New Yerk C A St L 684 500 2 ncw Yerk Deck ! ! '2 14 'I 1 4 'I S ' 14 1 S 'i "t '2 la '2 I 14 1" 1?l ! 3 11s 1 ' " li 2'4 11100 100 200 400 700 300 GOO 600 700 100 2700 Zl 600 500 GOO 600 3600 300 830 100 900 24300 . 100 200 1600 100 1900 4000 1600 3700 GOO 300 3200 200 1 . 600 n 100 7 7000 . . 200 6 700 S 3000 . . 2330 2 1200 .. 7700 4 200 1 4700 . . 23600 200 300 20005.20 2300 .. 300 ., 100 .. 100 1400 4100 .. 5600 . . 1300 . C 5200 .. 800 .. 1600 4 803 S 200 7 400 100 300 9700 100 1400 300 200 1300 4700 400 1000 1600 100 200 1400 100 400 66500 2000 1300 400 4100 2400 300 400 9600 1300 800 600 1400 100 100 31800 GOO 1300 200 27300 ! 200 I 500 800 I 100 300 600 100 100 100 100 1200 BOO iOO 000 J00 860Q 900 200 100 300 New Yerk N H & H New Yerk Ont A W North American its North Amer ctfs... Northern Pacific . . Neva Scotia SAC 35 29 H 27H, 7 57 76 3214 . Ohie Bedv A Blewer 1 1 . Okla Pred A Ref. . . 3 . Orpheum Circuit... 20 S Otis Elevator 137 . Otis Steel 154 Otis Steel pf 65 2 Owens Bett Mach.. 3694 . Pacific Devcl Cerp.. 10 C Pacific Ga.1 A Elcc. 694 3 Pacific Oil 65 C Pan-Amer Petrel .. 64 C Tan-Amer B 57 . Panhandle 74 2 Pennsylvania R It.. 41 . Penn Seab Steel.... 12A . Peoria A Eastern.. 13 5 Peeples Gas Chicago 86 . Pere Marquette. ... 31 3 Philadelphia Ce.... 384 2 Phillips Pet 44 . Plerce-Arrew Moter 21 . Pierce-Arrew Met pt 42 . Pierce Oil 11 8 Pierce Oil pf 60 D Pitts Ceal 634 . Pitts A West Va.. 364 Pend Creek Ceal... 20 B Pe.stuinCerc.tl .... 78 7 Press Steel Car pf. 98 . Pred & Refinera ... Z9 6 Public Serv of N J ,06 S Pullman 121 . Punta Alegre Sugar Ml , 2 Pure Oil 33 . Ray Cen Copper. .. . 1G, 4 Reading 79 Remington Typewrit 3314 . P.cplogle Steel 35 . Repub Iren & Steel. 73 . Ren Iren A Steel pt 91 14 Remolds Teb B.... 46' 4 Royal Dutch N Y. . 63 . St Leuis San Fran.. 30 . Santa Cecelia Sugar 4 . Savage Arms 19 . Seaboard Air Line.. 7 . Sears-Roebuck .... 74 ' . Sinclair Oil 32 '2 . Sless-Shcffleld 54 C Southern Pacific... 904 . Southern Rail 24 . Splcer Mfg- Ce 1.8 4 Standard Oil of Call 14 5 Standard Oil of N J 188'? 7 Stand Oil of N J pt115J4 .Sterling Pred. Inc.. 49 2 Stewart Warner Spd 40 . Strembere Cuib.... 53 7 Studebaker 118 7 Studebaker pf 109 . Superior Oil Cerp.. 8 . Superior Steel 36 . Sub Beat Cerp b . Tenn Cep & Cliem.. II 14 3 Texas Ce 48 . Tex Gulf A Ship.. 424 Texac it Pacific... 32 1 Texas & Pac C A O 29 . Third Ave 22 . Tidewater Oil 134 1. Tobacco Products.. G9 Tobacco Pred pf . ... 92 Tel fet L & W ctfs B 37 Transcen Oil 17 4 Transue Wm Steel. 45 10 Union OH Union Pacific United Alley Steel United Drug S United Fruit United Rwy Invest 6 United Retail Stores U S C I P A Fdy. . . U S Ind Alcohol... . U S Realty A Imp . U S Rubber 8 U S Rubber 1st pf. . U S Smelt A Ref. 6 U S Steel 7 U S Steel pf 2 Utah Copper Utah Sec . Vanadium Cerp.... . Va-Car Chemical... Va-Car Chemical pt 0 Va Iren Ceal A Ceke c Va Iren C & C pf . . . Wabeali Wabash pf A 1 Wtbci & IttdlbreiiHr Western Mar j land. Western Pacific . . Wesu rn Union 3 el . 4 Westing E A M.... Wheeling ALE... Wheeling Ac L E pf Wlilte E.igle A Re Ce White Oil Cerp.... Wick Spenc St Cerp. WIllj'B-Overland ... , . Wilsen &. Ce 4 Wgrthlngten Pump. Wright Aero.. 1374 41 72 140 -; 58 364 49 6704 63 104 40 99 118 65 17 51 33 75 59 94 72 10 31 15 10 21 98 02 12 21. 25 10 21 fs 8 45 51 9 yesterday. Thus far this week. 8,708,800 144 12 60 374 It 14 17 224 55 72 21 145 40 110 54 V614 654 89 60 344 28 27 7 57 .75 29 11 3 20 137 15 64 3G 94 69 644 634 56 74 404 H'i 13 86 20 38 43 1994 40 10 58 03 '4 36 20 !4 77 98 37 86 1204 40 -31 16 77 32 34 674 90 46 62 29 3 19 7 73 32 4914 90 23 18 1124 186 115 49 40 5.f 117 109 7'4 35 5 114 7 42 32 29 22 134 68 92 3 b 15 43 22 137 39 71 4 139 15 57'i 35 49 67'4 62 104 40 ta iiu 64 1714 40 32 75 E814 72 10 3014 15 10 ?1 98 C2 11 21 25 10 20 , 7 45 51 9 Y v 1 (4 94 H 114 2 2 FAIRLY ACTIVE 49 1 40 10'4 3814 62H 2J - 3054 31 72 2294 13094 28 94 60 b 40 11 U r 1794 - 72 !4 I 21 S 1- 145 -42 sj 110 594 ! 16 . 6514 89 6894 35 2914 r 27 94 794 574 76 32S4 11 - 3 20 y 137 15 65 3694 -74 41 H 12 13 -86 31 38 94 44 - 20 -41 11 60 63 36 98- 39 -:-86- 1214 41 4 i34 . '16 -79 r 73 f 91 -46 , r 3 19 - f 74 ' 32 ' 51 -4 90 t. 24 --18-' 114 186 : 115 - 49 40 53 1 1 VI 109 7 36 - 5f U 11 "i 3- 474 - 4294 ' 32 94 '- 29 ' 22 134 68 ' 92 36 17 5 44 ' 22' 1374 -41 72 140 15H f- 58 35 -49 67 ! 63 104 J. 40 99 r 118 654 17J4 51 33 75 ! 59 t 72 10 4. 31 ' 15 104 21 tj ' 98 t 02 12 211 ' 25 10 20 7 45 51 9 V V 3Vl 114 14 V V la 1 H 194 V 'v 14 14 194 V 14 H Vt 94 14 14 "94 714 1 4 1'4 14 'A 94 14 14 4 14 44 3 14 1 4 1 Defer Restoration of Pentisy's 6 Per Cent Dividend Until Earnings Pick Up j Trndlntr was bread nnd nctlve for a half holiday In the local market nnd, while price movement wnsemcwliat un even, the tone of the general list was strong. A prominent development was. the active speculation In Lake Superior, suggesting resumption of peel opera tions, which advanced the stock te 11, NEW YORK BONDS t SALES IN $1000 Arc Ttep'e Sal 8 01 H, 4 88 Ann S b II 5" Arm Itep'e 7s 1 nsH 10..., 3.... 1.... 1.... 1. 101 V 10m 101 14 101H 101 making n net gain for the week of 1 The purely speculative chnrflcter of the movement naturally robbed It of sig nificance, but the sponsors no doubt will gratuitously In the course of time supply ample reason for the demonstra tion. American Gas, after an opening dip of a point te 70, mnde n quick rebound te 72". 'American Stores nnd P. R. T. ran Inte moderate profit-taking without losing much ground. Pennsylvania Rail road was firmer, in line with the up ward swing In the rnils in Jibe New New Yerk market. Amerlcnn Hallwajs pre ferred continued te be picked up at 4I, suggesting steady accumulation. The Philadelphia Electric issues maintained a firm position, whl'e U. Q. I. shaded slightly. Small lets of Frankford nnd Seuthwark Passenger Railways were taken nt 280, or 0 points above the pre vious sale. West Jersey nnd Sensherc, en the ether hand, lest n point, yield ing te 30. Se Tie light was thrown en the desul tory selling which has appeared during gradual decline in the stock of the Penn sylvania Railroad since it teucHcd 43 Vs several weeks nge. It will he recalled in the ten-point recovery from the low of the jenr thpre was confident talk of an enrlv restoration of the (I per cent dividend rntp. While the management has virtually pledged Itself te ac complish this happy result us seen ns possible, it develops there is a feeling among a number of the directors npalnst making any change in the dividend policy until earnings reached a mere satisfactory bnsis. The remarkable Improvement shown in the recent months in the net Income lias been accomplished ery largely U 1 through far-reaching economy. In the - belief of n number of the directors this 5 money, obtained from the economies 'z practiced, hheuld be put bnck Inte the ' property and such a policy should be ,. 'continued until the gross earnings have '3' 1 reaclit 1 a point insuring sufficient In j crease in the net income te pay the full f? I 0 per cent. The directors uie erj anxious te nave tne stncKiieniers re Chinese Cleve' t II-K niy 5s 1 5SH 5 54 City et Bergen 8s rctrf 1.... 110M, City Berd'x ei 1.... 1054 City Lyens 01 1 87 City .Mara'n os 2 8(14 1 80. 1 h0 '2 nn4 3 80V 7 8d4 Cty Ille de Ja norle 81 wl 10. I.... 1.... 3.... 5.... 5. 3. 104 103 103 103 103V. 103 103 Czech e-Slovak Hep'e 8a wl ns 18H 08 nsv; nss 08 084 0814 D8S 08 2 !' 14 1. celvp. nt the earliest possible moment, all the benefits derived from uny in- leased earning power of thu property. There hns been no settlement of the claims against the tievernmcnt nnd there Is no telling when the cempanj 1 34 1 will get this money. That is tlii"- experience of many of the 1 ' ether railroads nnd recnlls .1 story told 4 1 by the president of one of the Wpstern 1 I reads. During the meeting of the beard, ' one of thu dlructeiy Inquiring about the a ! claim of that read ngainst the tSevcrn- re I ment, remnrked, "Mr. President, de jeu think it is possible my son will live 1 la 1 long enough te sec this money paldV" ! I The president replied. "Hew old is 1 ;t 't '? 14 'i 1. 2 14 your son Philadelphia Stocks a a... 1... 5... 20... 10... 1... 20... 20... 02... Denmark Cen ct A 8 2.... 111U Heine 7s ... 03Vs ... D3V4 . .. 04 . .. 04 ... 04 ... 04 T, ... 5 28 Dept 1.. 1 1 16 2 5 D Canada 1 9014 D Canada '20 2.1.... lOO'b 33.... 101 4.... 1014 1.... 1014 D Canada '31 1 OS', 10 08". CO 084 7ei!e) 98 4 De Can B2s wl E.... 100 in.... 100 1.... 100 li.... 100 Dutch n Ind's rets '47 4 0114 4 02 4 02 American Sub Itef's OS 10.... 100". 2.... 100H 1.... 100 V, 2,... lOOH 1.... 100 Amn T ft T elt 2 ni 25 01 A Tel A Tel Be 3 n7i, 2 n7V4 A Tel L Tel 0s 1.. 11IVJ Amer W P lis 2 87'. 1 87-4 A T A 8 Te nj 5 83 A T ft 8 Te 4 3 8894 5 RHU Atl coast I. 4s 10 H8S 15 88V4 10 81 Ksale) 00 fl 8814 Atl'e fruit 7s 1 4014 3 40H 1 41 Atlanttd Ttef's ct fi'ia IP.... lOHi 10.... 1034 4.... 103', 1.... 104 10.... 104 Dalt ft Ohie cv 3 81 '4 1 81 1 81H 10 Hi's 1 8114 Bait ft Ohie 4s 4 81Va Bait ft Ohie 5s 8 01 14 1 01 H 8 011-1 1 85 Flak Ilub'r Ce 8s rets 1.... 100 Fram'n Indust DeV 7i4s wl 00 H 00 OOi; 00 'i no 94 oe 00 00 "4 Oene'l Blce Bs 1.... 10.14 Ooedjear T ft Itub'r '81 10... 5. 2, 8. 4. 8. 2. 101 101 101 101 103 1034 1.... n r.w'rr Ti 10.... 2.... Qoedsear T Hub'r '41 1.... 1154 1.... 11BT 2.... IP) 8.... 115 7(sale)llB 1.... 110 ONthn It 5Ua Uehtr'l Tram ways Bs 1 8714 Merris A Cem. pany 414 2 8714 N Ofs ft T is 2 77 2 78 4.'.... 7M4 2 78 HI 784 New Or Te- ft Mexico Rs 4 (104 fl 70 1 en'i N Y Cl't iw 4 1 004 N Y Cent'! Bs 05 94 nes oe 00 ne4 00 -4 oe1. 00 4 ne4 Ot N'n niy 7a 108T- 1.. 1.. 1. r.... it... 1... 1... 1... 1... 8... 48. . 1... . 1... Helland-Am' 11 I.lne Os r. n-11 1' nudsen Ons 5s 10ST4 100 10S'4 108 ion 108i 10S9. 108i 100 108 IOV4 108't Dalt ft Ohie Os new e nn 00 s 00"!i 3.... 1. 1. .1. 1. 1.. no 05 1 1 1 1 Ksale) 4 B A O P L. E ft W Va 4s 1 704 Dalt ft Ohie S W'n 3V4 0 0094 2 004 BarnM'll Cerp a 8s 1.... 100 Bell Telephone of ra 7s 1.... 107ii 1 107' 1 00 Hud ft Man fit 2 8V4 3 83 S 10 b.1 1 839 Hud ft Man In 10 03 ' 0 01 Ills Ct'l 4m '53 1 814 Indl'a Steel Bs 1 00 Info Met 4 'is ns-t OB, Beth Steel fd 05-, n3H (sale) 05". Dutch 1 ted's rcta '02 t 06 34.. .. OS, 1 ne 5 93"i Geve't Trench n 7s rets 1 01 10.. . 102 Beth Steel As 2 no . . 102 .. 102 . . 102 Blev 1st S514 11. 1.. 1.... 1.... 1.... 1.... 10.... 1.... 1.. . Geve't 10.... 0.... 1.... 0.... Tim 1.. II U 1. B r.ech P fls 2 100i Canadian N 7a 7.... 1121 1.... 112U Caiel'a CilriEli ft Ohie 5s intt: 1 01 inn,. Centl of (J 4 101 "' "9 ' It ss 104 i 104 V4 101 10114 101 1011. loin 10.. 0... 11... 1-'... 1... in... ion 10i in i.-, 154 13. 4... 10... 2... I'.'.'. 2... 13... 3... 1... 50.., n.1-4 0594 ll'.'l II', 05 H 05 '4 8 01', 1 04 Packard Moter car Ce 7s 10.... inO'i KsulellOH-i fan A Pet r' in & T Ce 7s 0.... 100 B...'. 10IIU Pa R II Is Mb 1 mi u. P nd em lV4 1 KU4 1 Ml". I'cnna R It r.s 1 08'4 1 VM74 Pena H'd n't,. 1.. 1.. 10.. n 10!! 1.. 1.. 1. 10D Hill H 100' 10!' 'd 1(111 loin; 111:1 1 100' l., 10. . n'y 0. 1. 1.. 1. N Y 0514 03 ... II.'.'. ... 0' ... 03 '4 ... 05i ... 05 Cent'l 0a .. 102 .. 103 .. 102 Vt .. 102V. Cent'l 7s 2.... IOOJt, 3.... 100 N Yk Central I. H'e flits 5 75 B 73 N Y Bdls'n Ce 094s rets 5.... 110 N YK Light II ft Pwr G' 1 074 N Tit N II ft It 4a '30 1 50 N Yk N II ft Itnrt'd 0s 1 80 K 8 8014 1 80 a 01 N Yk Rljs 5s 10 11-4 2 12 N Y Tele'e '41 n.lHlPenna n It 7 I.... 108U Peoria ft r in 1 27 Pere Marat Bs 1 OP 6 nn'i Phils, Cnty fd 1 08 1 079, 1 (-nle)Ofli; 1 n?. Ported Rwy ft c OS '42 13 80 1 Ml 4 Produe A It Sk a.... -1-2U Pub Serv Cerp Jay 7a 1 83'i 1.... 84 Reading Ce 4t 0 8! nie Grande ft W'n clt 4s 10. 3... 1... 3... 1... 1... 1... Int M ct 4 Vts 10. 10... 10... 30... 5... 10... te... 10... Intbe 5... 10... U 104 104 K 104 104 1.. 10.. e 3!! 1.. Int'l 3.. 15 10 141 14 !4- H 14 15 14 T fd . 74 ... 74 ti .. 74U ... 7IU .. 74U ... 74t. ... 74', ... 74', . .. 74 Acr'c Ba SO Cen'l of Cm cu 1... . OS it Ar vi.ri.. -- e... ....in. .... v- V.V. 4 KS...U IS. 1 88. Or'd Trunk off Can Os rets I 7 t.8 10.... 10441 0(sale) 83 1.... 104 Ck ft O cv " 14 07- , II7T. Cere de Pas'e , ,-.,., Cep'r 8s ...,., ;. .i n-m. '.' --- T.r- CAOcv4V4a! I....'. 85 Int'l Tap b 5s S54 ' 1, - 3 I. '4 I J '4 I 4 ! I ' Ui 1 2 '4 I's z i 14 h ! 14 214 1 !4 9s ! t. inch 172 Am Strs..120 S de 1st pf.le!) 26 Am Gas.. 72 'i 20 Am Rjspf 41 I.II'lec Ster.170 .1 Tkfd i-c S.2MJ 200tGen SItrs. 12' lOOtHydraulic Steel ... iri 43 Ins C X A nr. 2010 Lk Sup C 11" 781 I.eh Xav.. 7." "4 400t.Mid S Oil. 14" 1 ir.0t.Mld-. alp.. 40 04.1 l'eniiu RU 41i ."OtPenn Sbil Steel ... TiO I'lilla Ce cum pt.. Sfift Plilln r.leu 401 de pief. . IMd l'hila K T 10 Plilln Trac 1.10 Radie for 22.1tReadlng... .10 I'nienTi.ic 445 U Gl.... 20 de pret. . lOOtVanadiiim 21 W Jcr . S 100 Yerk Rwy IOW net; 1.10 70 11 170 200 12 Nat ("lese che. ',1!)K. 1. i.m . . 72UH-1V-- 41 .. 170 2 260 'J 101 1 . 1-1 J M h ehib 12 :is 20 2i's :t4-s et; r.'i 70 Vs 4:; 4.1 re;--. .10 no 241 '. 11 74ij 14'' 1 ::d 4 12 :i-iVi 11 Vh i.i"i U1H- ie Hi 1 1-S 12 .. US . . 20 .- "h 2!)TS . . ,::-,.. 00 .. sh- ; Tfjlsl'-i 45 .. n.14- U no -fi'i no 1 21'2.. Net chans made by comparison, with last tab en N"V Yrl Muk Exthunk'e Total saleb, t.377 shareB, cemiiire.l v-lth 11.17- (.harts jesterda). Thus fuithls vvctlt, 00,541 shares. . Jup Ciove't 1st. 1 t oe-4l r.... Jap Cleve' t 2nd Chi B 1 804,1 r,... Jap Geven't 4.1 11. , . 1 70. .'... 5. ... 704 1... K Belslum 11. 1 5.. '"' "2 IC D -. . . . i. s 7((Uie) 10-", 4 103 I,... 103 K lleiB'm 7tjs 1.... 108 1.... 109t, 4.... 108 1.... 108 K llelK'm rets 1.... 107 1.,.. 100-, 0(iale)100 ,, Klncdem Den- (. &'J m.ik v;b t- i, 1. 5. 1. 1. IB. 1. n l! 1. r. 1. 17 3. 08 ns'i, en. 5.. 15... us 2s-s 2!l-', .".I's 00 i 7cVt 42 41 no 216 01 4 . . 01 ft Q 6s .. 0S, .. D8( . . ns'. .. os . 0S, Q 6VJS . 105' . 100 . 105 . 154 . 100 . 105'4 . 105 . 105 . 105 . 105 . 105 . Ie5 . 1054 I 0s '61, ..62 . . 82 . . H2'i 82 V4 1 03 9, I S5 : as. Julius Kuyser ft Ce 7s rcta 1.... 101 1.... 103 7(sale)103 Kan O Ft S ft Memp 49 '.'.. .. 701. Kan c ft S Bs 1 87 "J. K C T niy 4s 3 81 5 82 1 H2 L 8 M 8 3V5s 1 804. Lack Steel "50 08 riilenlin Mil 1'lmr.lem I'en-I t P d 4a mnr. ct hfl 0 1., a., 10.. 3.. L ft 1.. 10 , Lnni 10 n ... ii'ji; .. till ... tij . . 02 v, Msers 5s . . n:.4 . 034 Ud It fd 70 C 5s nn. PHILADELPHIA HONDS 1000 Liberty 4th 4is 1038.. n000 niectrlc &. Pceiile's 4s. . . , 4000 lrectric & People's 4s. . . , 1000 Lake Superior inc fs 3000 Lake Supciier inc ns 1000 Plilln Klcc 1st .Is. . . MOOD Philn lllec 0s lets lets 1)9.88 00 8 37 ft ie:i:. I 'let-1, Uld v k '1(10. compared vvlMi 178 S10 5e Thus fat this wee!.. 1741, S60 i . . . ... . . . tin-. . ' .. i.erruart 5 . . Ill Ins. '.'." v.n ?. 7 ivIIUIIhll 4411 Ls. m a m a.... niw at pi, -25 I '' ; - m'4 4 70-. .-I' ,i ' K of Nether- .." 70- 1L -N"h "Is lands ct lis -J, -0,j '-.. IO-', P.. .. 03-iciilcage Mil ft '"' I";' 2 2a T,l fa'Pcv 4a I f " jn-; 19 06 j,, 704 L "" J0- Kingdom Ner. 5 70- Le s'ftHn '" vtay ct ss -;;;; i;j -.... 10714 "" lOliJ lit. 4 Inn' 15.. 8'wialr SSL ""'Ce'Tj,. ? " Ms 2 e-J 8 .'n fir.-".' 1 '"" ..87 S'n l.ae LJ'-i Sn ils'l'lway1,, "J -0..::: SS? 1 OJU 1.... tm. 1;.... fte 1. Klalt) mi! ? W4 J MS IIU', em, U'li, R. 1. 4. Sparta 4, . I e St-nd'd Oil of Calif 7, "' 21.... jee, 14 Steel Tub, n. " Am'a 7, 1.... 1111 Thlrd Ave k 7" ei 10..... ;. jThlrd'Av, 4, I 1 -314 Tidewater Oil ' V si evil 5.... m-u Tobacco Prea. ...... (ITVs tie, a n -- 1 07UI ., w ' neck Il'd A A!TNri7..Jr; , li.-. ' "J Loul'-. 194 s 1 8" Rome Water'n a esdn en 1 nor. St I. I'n Mt ft a r.iy 4a LlKht Si .... 10(1 ".. tee Union Pa0 4, OH, 10 tilt. ' nil. 101 101 104. 104 104 104 V, 104 101 Kaale)1014 N Y Tclc'e '40 1.... 10314 1.... 105 III TV C ' Hest 4 '4 a 3 54 3 504 3 60 3 5014 2 57 Nefk S'n It 6s 1 88 Nfk ft W'n 4a 5! 87' 18 874 10 87, 10 87 10 87', N ft "tVn cv 0s 1.... 10R'4 North Wettern Dell T 7h 1.... 10(1 2 ... 107 3.... 107 1.... 107 1.. . 107 N Pacific T. 3s 4 O-M4 N Pacifle n 4s 3 h04 B 80 Nthn Pae 4s 1. . 89 N Pacifis n Ca 2.... lliii'i 3.... 100V. :.... imi &.... 100 Nth S Pwr (1 0.... 101 Ore ft Calif Ss & 00 Oregon S Line truar'd Cs P.... 101 4.... 101 12.... 101 ore-w n n Ce ft N Ce Sn 3 81 . 81 & n 5s . 02 . 02 . 01 . 01 N 02 ft 0 m it -,-, ": St L I Mt ft a 1 "- ' n ft O dlv -lunt'dbrir,, ? tnt' !" I'S'. J. 0 8 r. h: 10 &--. 10 82 St L A S I a) 1 80 G 80 4 80 1 80S 10 80 1 80 St L ft 3 P In 21. JO... 10... 5... 1... ii!!! 1.... 1014 10.... 1081, 1.... lOSt; llt'd niy I C S Fran Bs -' 8SC( U S P.ubb'r Si 4. 4. 3.. 6.. 12.. 1.. 0.. 4 60 r0 61 00 81 89 l)!l "'l'l u r . j 1. -n- . e. 0 .' t .11 I Serie.1 A 3 72, 1 72 18 7JVjl 1 72-, St L A 3 Krai,; Series B 13 87 St L e. 8 6 1 an Series C 1 no C 0' St L Sw'ii is 5 78 San Antonie & A.P Illy 4n 5 75'4 Pae G 17... 1... Pacifle Tel Tel Bs wl 1 04 U H Hub 71. "" i a.... iek 8'VBS Smltrta OS".' Ming 0. 'N I 2 . . 100', C3'4 U'd S steel -, I.... 101S ' . liil 1.... 101 2 . 101 ." . 101 a .. lei'i 5... 101 Vn-C Chm lt 13.... 101 35(me) 100 Ksat) leg 4..,. 10m, '-'.. . 100 .... 100 4.... 100 C... 100 11. ... 101 1 4iM-.l e..k..i i t. .,'.. '. "''- - -' r20 103'. 3 24 1T Smb'd A L f J I r. S 40 S 40 10 41 6... Seab'd 4... S C A L 0, . Sh Steel II 8s 1 n 1 00 1 liO'j Sinclair C Oil Cerp 7a rets 1.... 100 7(salc 100 C... 100 0.... 100 Bteale) 100 2.... 100 B 00 7 (sale) 110 1.... 100 Sinclair C Oil Cerp 7 'is 1.... Hil9a 10.... 13... . a.... B. 103', IO". 10V, 104 101 103 10V, 10S a H y Ce 11 2 ti V, U'ctis n Tne C J 05 We n Union N 10 fiJi, 10 t'i", WILE 4VjJ S 5 Wlckw'e Sprc Steel 7j 1 00 Wilsen Ce lit 1.. .. 0(1 1 09'4 1 lO'i lC-nh) n"i Wll-en C TV.i 5.. . Id'." 23 . . I'D 1.... lll'ilphlrairn Mil a. K Sweden flsi StP fd iu. 3.. . ion, Parla-Lyens M On wl 1.. 4. 1.. 0.. 7. r... 1.. n.. t. 04 05 a 114 ij 5 04 5 04 Chicago Mil & 8t P cv 5s 1 74t4 1 73t4 2 'CM ft 5h et 1:9 bS1 62 Vi 82; 82 821 Manatt Sucir Ce ct 7s 1.... 100 1.... 100 Market St H'y S Trim 1st I Ml v. 10 00 Market St Illy H Fiun 0s 7 04 N Wn ,,cn H Tal " 37 " OS' 104 - i' h NEW YORK BANK STATEMENT i- DIVIDENDS DECLARED VtVirnslta Tower f einpanv nuarter'y pnfnuic i uu 3 1 per c-n' m leht Company 'juar mitnen paabi Jup te stock of rxerrt ,'fiy 17 .ii. 11. ,m foal cimiuanv. quarterly of 7f csntH en preferred, issable June 10 te stock of record June 1 Amr rly 1 1 MORE COTTON CONSUMED April Total 446,849 Bales, Against 409,247 Last Year Washington, Mny 13 Cotten con sumed during April amounted te 110, MO balrs of lint and 40.2HS bales of linter-. innipaiPil with 400,217 of lint and 4,227 of llnters In April last ear, the ( ensus ,Jlurenu uiineunced today. Cotten held April 30 in consuming 1 establishments iiii.eunted te l,l.V,21U lmbh of lint and li.i.OH or llnters, cimtureil with 1,31.1,700 of lint i.i 'isr. nf llnters n sent age, iiil.lli bterage and at ceiniiresn's 3, "11 3-0 of Hut and 1 I's. 1.1.1 et llnters. columned with .1,020, S I of lint and 311I, O'iO f llntirn Iiunerls dining April amounted te LIVESTOCK QUOTATIONS (Mpwe, May 11 CATTLK -Hecelpts. ."00 head Compared with vietk hke lleef rtcurs and Hhe ateck largely itead , hulli--'i(ij40a lower, veal .alvts 7Cri$l hluhei , Hookers and teeders Infr2.'c lewer: week's top bet steers KB L', week's ten pri.es b ( rers. $7 75116 "'I. -ti Kern arid fied pb J.7 2517 73, butchers $1 H'ltp' 25, ivn imrs und rutters. $.1 lV(H 75, bologna bulls, 4 ; 0 -Ti 5.15 1KKJS IlrceiPts. 1"00 head .Merket i smI active. llRht about sicud.' with Prl daj'H averaire. Tep. Hill 8'.. bulk, $10 30 in 73, holdover lluht plkia weal, te lower, paiklnir saws nhnuj; stna ly. Mllr;ui' .teceipis. -e..u neai 'ioeay receipt. GAIN IN BANK CLEARINGS Institutions Held $36,905,480 in Excess of Legal Requirements The actual condition of the Xew Yerk Hearing Heuse banks nnd trust companies for the week hIievvh they held .30.00.1,RO in excess of Ipgal wc'tiirp- nipiits. Minus nnu insceunt.s show nn 'pxpanslen et .2O.2!10.O0O whllp dpinnnd deposits jumped S.10,010.000. The in creased liabilities were overcome by the Lecal Exchanges 7.6 P, C. Greater Kll of SI 1.301,000 In reserve credit Than s3m. vjuL. 1 -. -.. I n 'he Federal Re.erve Hank, resulting Than Same Week Last Year lln nn lnPrpnHP In the excess icserve of I urther evidence of a betterment in .f0.100,400 from Inst week. business conditions throiicheut the Details fellow ceuntiy in general ii shown In reports of bank clearings for the week, the fig ,iires compiled by the Commercial nnd Financial Chronicle giving the ngifre- Queens'I 0s wi 1.... 102 Ilep Chile '20 7(i?alel 104 Mid b ft Or 3 11.. . l2Vc Nwn il'taL ! 1M 5,. ln2'j te , 0S 5... . 00' ci. m:!-. 7(M.iii'is r.'. . tun r. . 102 rbi itvv'a r.s 1 a f.n 10 le.'i- .. ... hi I 7. no j 1 102 ChUaB-e Ulllenl I. . '111 10JI-. SU 4-s I "1" . SlO'j fl(sale) 102 1 ". niIilvve li In 5 lOJij C It I ft P fd' 0 10 ltep Chile '11 , 1 H2 Mln ft bt I. 4s 2.. 103, 1 821 1 47' Total. ."i-.HOO -.7.681,0 Llbeity Liberty Liberty Liberty i.ineity Lihei t $7,883,000, vestildav. Oe. 31,jS ... 2d 4s ... 1st 4Mb. 2d 4V 3d 4' m. 4th li.s. cempared Thus far with SU thls vfk lllsli 0JI.2S 00..10 '.I0..SS !)!).00 1I0.SS !)!).!) 1 00.21 DII..10 00.70 00..12 00.1)0 Clew li') 'JU till.."') IlD.V'i Wl .' ii'J.Sl fl!).fiO Vic Xetes 4 s ..100.00 100 30 100 30 Financial Briefs . 1 .1. ,..'. 1...11. . , I.UI.V ItllU 111 ecelpts direct te packers. Compared week gnte for the entire country as $7,274, it.u. Prices niestlj about Jl lenci, weak 10(13.50"). ncillllst SO 3.14 7I1! K7H tl.le ulk prices Hi.rlnir lembii, $1131 50 horn 1 ' 'iTi'. t , J!,i - .?'"' ' ft r ' ,,S ambs $12 6013 75. ewes, '. BU'e 7.50, week last jear, or u gain of 14,5 per uHili.r, ,h r.Uil ti. jearl ngs. RllTtll. f vv vvoeleil fed lambs up te $16 30: shorn fcedltuT Umbs inestli $10 If 10.50 AVI-RAGi: This Vk $21, SSI S20 511-1,613 OHO Inst Wek fn, 740,000 r.n, 7:1:1, turn rlttsbunth. Jfa 1.1 HOOS It-relpts. 1BO0 head btead. Jleavles I10.8010 00: . .. s . 1 .. . a 1. rm iiunr inrncra xii 1 1 nn 'in 1.1,11.1 baleb, compared with in,7!il In Su-. ' ie aii. ""'" Ann Inst. tear, i.xperts uuring April Miuur aimu i.s..w,n iiTCripu. ioue cent. Philadelphia uurt one of the niilnu reporting an increase, thp total being I'"'T" '" $334,000 000. compared with $310,28H.. ,bXr" eyvf 111 uie eiirrehpunuing wceK In 1021. llerles 'Comparisons follew: iNt,.'le 4,6lll 142.0OO 4.555,000,000 01,000,000 01,063,000 640,430,000 620,043,000 LtV 1; Tlank BANK CLEARINGS rlearlns" 1 .....I - HID l!r.ll l.nlft lnln,llni.lli.arl nmcj iiiieci 10 "-."'' "'". '",,"''','; ' iirnl. 14. teUay cgmrerfd ivttli cer two M-Mri ...Rfllni daV Iflflt """' 1022 K'21 1010 W- 1..1. . v v..i. .. .. .i 1 .- "ua T"i-C4 ci nvn aujiv vvun j.-iuiivu 10 M 1-82 per cent. This la practically frJKV6 for tlie Canadian dollar. f 11 1 1 i t' 11 iiT.n!vn niTr.TATTt"v aerllrir IVunnu T Iru 1"! lIMnri 'HVPCM-IMCI 4.U4, II (HIV, 5 J3Vj SN On 1 TliClKJ .I.... 4.44H 0.10 5.20 3S.05 m fjptOlAY'a OP11NINO CJUOTATIONS il ySw bterllng- Pranca I.Ira CilMem 4 . .4 I'.H'W 3.21 38.55 tit a tsU-IIni mm Ss.OU . . .4 .,...- ..... ... I.11T, 1..4IV, U.-4 71 CLCWINO QUOTATIONS f-tarlln-r Franc Lira HulMera ItlXb 4A B.12I4 3.25 fl8,0 V.I3 ..'.'0 3?.O0 l'hila. Hesien N. $7l.nen ene Jfie.'iOK 47.1 183 H6.81r r.2 een 000 41I.S8J Mi7 OsS.600 010 U. S. Certificates and Treasury Notes Int Itate t-4"i June, it'll June t3 AUK.. 1' SHpt . -.'; h. ut 3 14 Oct . 1414 I" .,41; Mar . t5'4 June, Maturlne I)ai 1:1'. 44 Hept. ar. Mar in.! iiuj 1IU-' 1U2.' in.'.' 10. "j ID.'.I 11121 in. 4 1IU3.. . 101i IV'J.. I'll -4 nid 100 1-12 1110 Kill's. 100 5. in tin) o-ie ion in"'; i.Tiirj I i , in j i.-.-in kit le'j'i loti-ie Asked Yield 100 8-3 J .'I 03 100 3 111 .'! 15 100 13-3-' 3 2U 1011 7-1 11 I Jj llKI 11-10 3.21 Kid 1 111 3 II ll'il". .1 40 ion", a 17 4 n i.i" mi, 4 2 101 4.21 Steady. 11 Mrs boles of llnters, compared with 1 ' cAl.vr.s-Itecelpte 310.033 bnlis, liicludlng 4c lb of llnters Tep. $0.50. in April Inst car. F(!IBt un-no, n V..siay 13. rnl.n ......,)-..,. rt -..Inrllen ncrlve rlurinEf n.ini, V7.1 harl. Steadv ,111- liuiii.. . ". .- -- : - . 'iV,",.;,"n... , Apul n"mbPiPd .u,;svj,-:;ii. compared with 32,507,45:1 in April last year: loe sheep, 18 50; top I 100 head. Steady. I Steadv 150 CATTLE h-ad. rifty Reserve Banks' Discount Rates nitip'ni radltceunt rates at the twelve Fed- leral Hrve Kanksare fttone ctl uenns i-apr Acceni, r? 3 S!7 CALVES It-celpts. ernes neiner. eiivii HOGH Itfcelpts. 4000 head. Slevr. Steady Jn '10 lower. neavy rnnen and nrKrs. $11 10: IlKht. de. .and, Pisa. JllOn 10: leuchH. 10, staas, S6((0, H1ILEP AND I4A.MHS HecelpU, 1000 head. Slew te 60c lower. Lambs, 313, ewes, 1208, New T'l Chicago , I'Mlll. ... Ponten Kansas C'y tfl Francisce 1 Pittsburgh Detroit . . Ilaltlmere . N, Orleans 1032 13,58 Aoe.oon : 148,235,838 311,000 000 232 O0O.C1OO 102,102,813 1 ii noe.fifio 111,500 000 78. I12.H71 M 447.231 41.7S1.0J7 ' si..nt funm Vrlrsil ntirtnB.1 InrArriA 1 w tAccfptabl for pfument of Inreme tax duu -. ,BSlt-ll CUV li v "'Mt-'tf DoKten Nw Yerk PhllarlelphU Clev 1 land . Illchmntid . Atlanta . . ChlcaKO . St. Leuis. . Minneapolis Kama City palls" ...... tap rrarict-cn ! IVi 4Vj '? .... 4 .. 41-5 .. at4V, ...4Vi .... A 4', 4 4 4M, 4', 41 4' P 5 8 44 i'.i 4 '4 4 S5 4 '4 Fewer Failures This Week New Yerk Mav f3 There was a derrease In the total number of failures In the United States this week, as compared wlih that of, last week, accord ncr te the reports re ceived bv Dun'a Ilevlew. This week there ... 408 insolvencies reported while ItCat week there were491 and durinr the corn- 1 spei she ndlng week". own. in 1121, 383 default were .... Increase 1821 p, c. :.n58.fl27.221 51, a 41A.840 800 7 R 810,288,1100 7,n 227,171.808 10 0 118 11(18.4(12 .ma 121,000,000 -21.11 lun.iHti.sw 3.1 78,235.144 "A 01.487.828 ei.7 30.104.803 0.0 Tet all cities for week. 17,274 003,303 te 834,768,578 14.5 De9reaae, tKstlmated. Ne Change In Raw Sugar New Yerk. May 13 The raw in... ... ket was unchanged with Cuban quoted at 2 7-10 cents, cost and freight, for Miy shipment and. at 2i cents, cost and frelvht for June ehlpment. In addition te sale, reported yesterday, Canadian Interests pur chr?..8000 . b" Cubaafer May leacllng at 2,876 cent, f a. b. Canadjan Interest! lae pulehaaed 080 b4t Columbians, afloat. aJJ.?!iA,i- ' TH,rflncl rear. rini ns-t" ipviipiifiiij Lxrebs reserve. , AeuregatH reserve 1 eans etc Cash hi vaults 14 n d member banks Ileeerve In mem ber banks nnd reherve LankH,. Iteftrve In Htat hanks rttirl trunt rempanlts , 7 773,000 Mate trust pany aepus- lu.ao.'.nue tlnmanil de posit. l,0J.1.003 00O 4 051.207.O0O u..,, 1.7., ..."' en,:. 7W). nun ..,,. .,uwr ,007,000 10,121,000 Time deposits.. circulation Un'teil States flc dueled 60 210 000 ACTUAL Thla week I 03. 4 sd BI,,IOl),UOe 02,858,000 Laet week 10,78(I.OJO 670,1 12 00(1 "J9.V1C.U00 03,103.000 01,818,000 500,082,000 531.701,000 I-icess reserve .. HI HO Aaurncnte reserve 684,11-1,000 Leans, etc . . .4.3S7 307,000 4 Cash In vaults and m 0 m t u r banks f Ileaerva In mem ber hanks ant reserve banks Peserve In Stale banks nnd trust cempanlHs Reserve In State banks and trust company deposi tories Net demand de posits '4,121,512,000 4,001,800,000 Time deposit ... 814,810,000 ,102,885.000 circulation . .... at.eau.uuu U. B. ncpeaits 7,763 000 7.841,000 10,318,000 10,800,000 il-ducl.l 30,730 OCIO 31,230,000 00,3(12, ltep Chile '40 3.... 1054 1.... 103 Ilep'e of Uru--may 8s 5.... 108i,4 Swltz'd Cen 8b 1.... 118 1.... 117 V) 10.... 117,4 U K art Urlt & I'd 1022 1.... 108 4.... 108 1 108, 10 108 U K Ort Urlt t I'd 1021 .1.... 108 3.... les 7.. . 10S il.... 108 J.... 108V4 U K ort 11 1 It I'd 1017 I 1.... 102 u a urazu 100 "41 IS t Chi Ter Ilaut iSE'i 1 83141 Chile Cep'r IhI 1... 1U H 00 H 0014 8 no Cem Cable 4,1 .'1 .. 73 C Tab & II fls 1 ... 03 Cens'd Una 7s 110 Cubi Ce Suk h uta 10 .... 83 Del i. Hud cv 1 00 Del & K 6n 10 (l 10 im 2 00 O.n ". II CI 4s 2 .... 78 3.. .. 70 Htl, :i. 1.... 47 fd 5n 40 40 40 4 M StP i H Ste Marie 43 10 SS M SIP 4 s Hte .vinrle 4 y. s 1 ... 102', M StP i. s fate .Marie 5s 6 00 V, M K & T nj wl 20. 10. 10. 10. 10. 10. 12 10. 5, !l 10 1.. 1.. 1.. 4.. 14.. 0.. 100 100 105 103 lOSij, (sale) 10S4 1 100 U S Mexico 4 s 1 51 '4 54V4 55 16 64 '4 3 . 31H U 8 Mexirn 5s 1 (15 14 10 00 Adams Kip t, 1 70 1 70 AJax Ituh'r s, 10.,,. 102'; 1.... 102 1.... 102 V, Amn Agr'e & Chem D 1 04'.; ,Amn Agr'e ct Chm 7W B,... 108U Am ? oil Bs L.,s. UH 50 60 '4 601-j 60'i 60 "i 00 14 Mi, 60'i nn. 6ll'i snt- D L n a 4Ub.M K 4 T jt , 5 82 50... us! Det Kdl Ce On I 1 ,.nu 1.... 102i'M IC 4 T r.,, ,, 1 Det U It 4.s 1 81 1 S2'4 D de Nemours Pender 6V, a 0.... 107 1.... 107 Dui Light Us 1.... 108), 6.... 1031 Empire Qas tt Fuel 7 H 1 nsi4 3 08H 1 nnu Erie Oenl l.l-n 1 63 34 51 0 51't I'rle n II cf II 0 4014 Crlu II It cv I) ! 30 y. Krie n 1st en 7.... 104U Krie IIR Ce 4 0 834 Erie Mr a li.,-,. 01 10. 5. 81 81' C 834. M KtTlli wl 3. 12... 6... 7... a... Me P 7... 14 .. HO'. .. 60 14 .. (HI .. mi'. . . liOH R U In .. 04 .. 044. Me Pae 3s '23 8..., 100 1 100 Me Pae 6s (13 4 8S 4 88 Me P It It fls ... tee 10, 3.... 2- 10 1 , Sdale) 100 no 100 09 00 OS 44 H 08J4 Wright Acrennutlcnl Corporation for ' the ciunrter ended March 31, 1022, re re pertb net earnings of S173.17S nfff taxed, which includes income (rum investments. ' Repert of Granby Consolidated Min-, ing, Smelting nnd Helloing ('erapiilir for the jenr cneded December 31, tlieivi, dellclt, after tnxes, cleiireciatinii nnd charges of .'J287.102. This empm'l with deliclt of $1187,011 in the pievleii J ' i". . ,1 A dclicit of S207.0U rcsiiltul f ren 1021 opeiMtieiis et ('ullicj.MIjil ig,''01-1' ...nt. r.tiir.i, :i. ,1 ln- ,ii .s.'i.'ii).7 11 11 l'..ii, fi... ."H .. - . I the previous .veir. The liilm' prmhic-'l ( lli,OliO,Jliri peilllils el line mm".. against 10,210,070 pounds in IOJ0, but for the metal bold the 1011111.111 if"; 1 ecu eel nn uvPiage pi Ue et but !' cents u pound tigiilnst lO.-c cents m 1020. The Mutuul Oil Cempnnj'b nimujl report f-hevvs net Income of M,'-.i7,lw. M'l,... ...... (.r.'K! r.s.Vl unl iisl.ln ns rpsCltf for ileorpeiiitien nnd deiiletleii ane $.048,745 wiis written off ns depreciation of inventory. In addition S73t,()SU via paid in dividends, Hum causin, ellne in the pieiit and less Hiiplus fremc S713.210 ut the cleu- of 1920 te $(KV 540 ut the close of 1021. Packard Moteicnr Cemp.inv litis ft tired $1,000,000 of its ten-.vear netcl.l lc'ducing the anieiint outstanding 0' At,,,, in ., q o.-ie nun In mlilltinn. tut company has Tin r'ensed its investment'' I., I'.,i..l sitnc.u I... . i.Ij : ST. 700. IK 0 era Mny 10 cash en hand tcTfjleil .flOT,-, 000, compared with fj.'i.y.w,""" n.. ,uv 2S. ' Packnid could liiiildiite cverT liability today out of cash and '"""..'i able seciiUtles und have 3,Jib,000 cart' lPinalnlng, . The Strrl mid Tubn Cempanj el, Aniciien repents for 1021 a le-s el ?- r.n or... ..f,... ,. Cnl.list. (1 nrnnlnClen ...wl ullt-lllklll'P Ol OfO 101 , .,.,., 1,.., i., .,.m.nLi in ii net ItlCOUtC! of .$0,315,200 in 1020. The deliclt Increased te $4.7l2,h20 ufter pajinen , nf its cominen and prefi'iH'd, "l"cK S"". ' (lends. According te the balance blieM. , accounts nnd notes leceiviib were K lured by $.1,810,17110 &. ...B" aw inventories dropped , ,1.$..'" ,u' r?15,tM7.3.10. . . , ,n.ntI1 Tlie 11111 niiee in -j rnils-.. .)., - Oil the last few dnjs calls nttrntlen" ..... --. ...... r .....,i e i iiniiianji new luci mac i.i-i'iiu.'. - , im whlPh is effeiing 200,000 idmu-s of l -, mock mr puiiiii' siiuN-ui'iivi. - v t share) tin. nigh sevptnl Npvv )erk s .e . exchnnge Ikiih-ch. owns mi undivi eel "''t. Interest in the limited tinct of !"."' iipips. TIip propel ly was icasiu ""J Trnns-Centlnentnl by the emTi3 . nloratlen Cemnanr. the Trana-LeaH,. nental In turn asslfnecl a 51 per Interest in the lease te the Standard i Cenipany of Cnllfernla, " 7 MiU.n. ; hi , mm-ii " 'Swml A H&fJt i J!. '. " J. i '1& VsJ &&M v ,'. . safe..) y'.iy .&' :bu mimb. -r.ii xsvLtmn w. . ,
Significant historical Pennsylvania newspapers