')WlWlWNJPfWW
EVENING LEB&Eft-PHILADELPHIA, WEDNESDAY, MAY 5, 1915.
,-n-i- ii r I i-ifilfVnrir
$W PENNSYLVANIA RAILROAD BONDS ACTIVE $2,000,000 GOLD RECEIVED FROM ORIENT
JAPAN'S ULTIMATUM
Causes sharp break
rt-.J Trttifti rr T?n-
SBC,, f l,nt. r.hina Would Be
. ' r- TT.Aud X- ri A n ? rl i"i
given 4a nours iai n"'
lUTCSTINGHOUSE TO ISSUE
$19,500,000 OF NEW BONDS
iW Issue Will Be Convertible Into
t Stock When Shares Reach 110.
W TflPV Mrt.t K..A. ,-. .1
ii?!,.1."? ." directors of (he WestlnRhousn
KfSSul? Manufacturing- Company today It
II decided In ..iia 111, Mm xj .. nAi. t .....
.jSSm.....,.!.,; m Z '"--IS ':'." 'Tn' "". wi "en
.iMi-fi. X!B. v . cent, ucoemure cold bonds
KM. M'v'f nr" a Per -cn'. tinning
BSfiMi. which Issue nmounts tn nu,47.,uvAi,
,.TK .A.I1""1 " exchange their bonds tor
!ISI U llsus.
b .'70!t 'racpitant feature nf the new bonds
m rM : .ti'u":r i . ,r.r.".cn ..""
f.;k.j .w... ufc ."inerim(B until ma
1 t Jtcned ISOD per share.
rvV TORK. May 6.-SIocks uroKe
"" ., . I. Ct.nnn 1 1. In nfl.
y on tne otutu rvim..h. ...... ....
, when news was received that
.nrlntr an ultimatum to be
idem "" )iti..--n
io China, which Tottlo reports said
!u irlvo China 48 hours lime In which
Iff11? . m. ,t.n,.n,1 nf Mm Mlka.
TTacMde to "'" '"
. Government 1'rlccs fell from one.
it over four points. Selling orders were
i The Btandald shares were the
ri,lst particularly neadlng nnd Steel
sLmon. the former losing nearly 2
M the latter more man us. uaige
no . a, ,, ..ro offered at ono
MocKS ' "
Ill"- . ..., .11 J.. In llm oartv
Sn today was a 'sudden upward rush
rthehem Steel, the prlco of which
i I IlfLed nine points before noon, in
ft,, absence of any news to nccount for
i! .Jvance the old "war order" report
V, 'brought out Demand for the stock
S Jul Urge at the higher levels. The
feck 'lost a large part of Its gain when
. Mneral market receded.
!.?.. in the stock market today was n
l,ittn upward rush In Bethlehem Stel.
U0i ' " , ..,,,, i, ,,.. urtorl nine nnlntn
t.fore noon In the absence of any nevvd
account for the advance the old "war
IfJir" report was brought out. Demand
hr the stock was quite largo at thn
Slider levels. Bethlehem later lost soma
icoecUltles, or tho "war stocks," again
Ittracted the most attention, the stand
trlihares In a way beltiB neglected. Ad
rince of the price of copper In I-iondon
ino gossip thirt tho quotation for olec
rMie will soon bo pushed up to 10
cents here resulted In somo strength In
til copper Issues, nnd for a time they
were tho leaders. Amalgamated nnd Utah
.. the largest gains.
'United States Steel moved up n, point
In tha early session, out ino iioniai oy
tl corporation that an order for 150,000
teni of rails had been received from
Russia caused the stock to ease off.
Other reports that domestic und foreign
enjtrs to tho amount of $150,000,000 had
Utn received were also denied. Theso
tenlsls were used to force down prices
ill lMg the line.
f-Fcllowlng tne receipt or war news in
tht afternoon eosslon, telling- of successes
tj the Germans against thp British and
Buulans. stocks were offered freely.
owing prices to sag- throughout the list
it i whole. Tartlcular pressure was
shown against the big- railroad shares,
which became weak. Heading appeared
to k In liberal supply, losing: over Hi,
Lehigh Valley the same amount.
.The heaviness of tho tallroad shntes
Indicated that there was n considerable
mount of the stocks coming; from the
other side. The copper shares were, with
I few of the specialties, tne only auoni;
spots In the market, and these, too,
ihow'ed losses from tho day's high on
rithtr'hcavy liquidating sales.
Strength In the Wcstinshouse shares,
Ma common and prcfened, the latter
Munclng 13 points before noon, and tho
ESTing up of five points In the prlco
of the.rompany s 5 per cent, bonds was
uplilned this afternoon, when It was an
totihced that the directors had decided
to Issue J19.EOO.000 of new convertible 3
per tent, bonds. Present holders of thu
old bonds will be permitted to exchange
miir noioinss ror me new issue. The
nttf Issue will be convcitible Into stock
ien. ths stock readies 110. nhornnn thn
old binds were not convertible until the
stout reached MO.
New York Stock Sales 1 1 New York Bond Sales
taetclosc. Itlah. Ijw
0
:i H
is
51
57
41
B9)f
ao
01
;t 'f
i;u
51
7.'
f9
4SU
il'
b')if
id
n H
01
30
l. i
(3i
fi7Jj
t.'
3 U
AM
05
lOS'f 10!
;il-i oO
Ad,lm V.ynrn.,
A f ska (iold Mines
A s-Chalm Mfg
Allls-Chalm Mfg pf
Amalgamalcd Cop
Am Aer Chemical
Am lleet Sugar . .
Aniiun
AmCaa pf
Am Car Toundfy
Am CoaI rinM.i.
Am Coal Products pf'.'.'ioj
" v-ouonun ,qi
Am lllde A Leather ... (,t
AmllldeALcathoc pf. si
AmlccSecutltos ...... 3A
Am -"seed tl
AmLoc0mo,T9 63
Am Locomollso pf .... i,u
Am Smelt A Ref ;J
Am Smelters ptn m
Am hugar Iteiming ....in
....lougar uci p .,
AmbtccI Koundrloi
AmTohVei, li2' "'"i lw 12-''
a?.RFS? " W.iH MM W OJT'H
i.uoiuiiu vuppur ...
AlchT&Sf ,
AtchT&SKpf
Atlantic Cost Lino ..
UaldBlnLoco
DaldnlnLocopf
tlaltlmoro&Ohlo ....
Ilsltlnioro A Ohio pf .
Melhlehcra fatoel
HrooltWn Hap Transit
Butte & Superior.,..
CalPctroloura
Canadian Paclils J02)S lw I0lf 16a
6'f
4'f
J55
l7W
7-2H
113
8)!(
II J
OW
3)H
11H
52
07)i
71
118
8 Hi
110
2 10
p m
01
30
15 (
5 U
.3
57 i
10. i
'
'0)f
4'i
05
10 H
.SH
(Vt
"3U
JI'I
52
t-JJ
71
103
8fH
nu
114)f IHH 11 M H4H
o(i 3 35 .15
J51S ..OK J3K nbM
lUPi 1U2 101k 101J
.100 100 100 100
.112 110 HO 110 2
oM o3'i tOH nM
101H 102 10 1 10J
' iOM ibW ;o 70
VI .1 71
13 J 144 13 1H lbO
t0 I'd', s'J'i III)
G9 0TS 0i'
17j w ,7 )7
40)
I7U
124
am
ui;,
78
20
am
t,S
um
01
2!K
431
i-tniLcatncr... w 4o-, yi).
cent Leather pf lot 104l( iuj4
unrsauaio 4(i
Chlno Copper 40W
Chicago (It West I2f
Chicago OtWostpf 31f
ChlcMllAstl1 a,ir
Chi Mil A St V pf 127H 121
uiiiwoi' 2H 2j
Colorado f ucl A I yl! j)
Continental Can 0JU 03
Consolidated Oas 129'5 130
Cornl'roducUItof ld!i 14j
corn t'toa net pi. ..... . 7Uj
Crucible btcol Co 2l!f
Cruclblo Steal Co. prcf hO'i
Cuban-Am Sugar CO
Distillers' Securities . .. I4H
Du Pont Ponder prcf.. 00
Krlo 28
Kile 1st pf 4.1K
Gen Chemical 21Hj 211)
ucnerai ticctric loV
General Motors 141),
Uen Motors pf 101
ooodrichltFCo
Goodrich BF Co pf ...
G teat , orthern pf
ut N cfs for ore prop. ... .'iOJj
Guggenheim Kip'n 01
IntllarvN J 08
IntcrMct 22
lnterMotpf 72,1,'
International Paper .... 11H
Inspiration Copper 3U(
Julius Kayser A Co 83)t
KOFtSAMpf 59
Kan City couineru 2"JS
Kan City So pf 591 i
KrcfgeSSCo 128
KresgoSSCopf 109
Lackbtecl -l72
Lehigh Valley ll.t
Liggett & Myers 221
Louisa. Kasnvlllo 121
41
-5
1J4
32
0.1 1,
128
2 (
2!!i
01
129
14!f
775,
21
HJH
58
m,
91
27W
Wi
213
157U 165
140)5 1433 U6ii
101 101 101
60H 51 49H 40h
102M 102)f 102H' 10J)f
120J4 120U 119' 119;
,U'i
IOjU
45
45
UH
32
IMK
128
2.1'f
-"'
3
;2J
77;.
21
8IJ
r,i
IDi
91
27)i
I3)
215
155
MH
10A
9-
2-H
2U
10)i
Uit
85
om
2S5i
00
130
no
41
.1.)
6S)j
9.
sw
10Ji
31,'f
83)i
OSVj
27
5UJ1
12.)
110
40)5
High.
M'
l)j
.M
. W!
Hil'i
. Ilitl
.014
.1014
. W!
. lfO'4
. RS
ll(
10W Albany & Sun 1'si
kLtfll Amei ,kt ."is
li'im Alnir Mneit see w
mn) Amer Tel ell 49
til) Amer lei tvt 4 4
3uw Ainioui Co Hi
11UW) Atchison adj ii .
WW Atchison ci 4 11WO.
louo Atian Co Lino 1st 4s
7WH lint ft Ohio M
,WiU unit Ai Oh r 4,s .
llllllll IU.ll! Ml.l rfrl ... ..
1W)W llrookn Hap Tr .is ls.lw
i.iiFi nusn ici m lung n . po
iiW Uusli term Ken 4i .. SiO'4
EHsjO 1 ni Oas .V i.m r.s VH i
S.1JM i'nt Leatnei 1st ; ''?
.ilXW t tut iiiuo 4'j "(l'
L'ltii) Cent liiufic .I'ts . . SS)
XM) cent J'm. lot 4s . .. . fJ
Wsju in .v. . Ie lul
1IXMI ( hi A h.ust ill III .. U4U
'MM) Chi i Nwn Ken ,ll . W
UAt till 11 i 1 joint is ..91
.".sow c M A. .st l1 cv r,s ru 104
Hiyi) f M At st I' cv IH lU
ltlOU C Jl St V KCI1 44s . 101
.iOmi col Midland 4i UHS
lSSfliO I on tins Co is .. .llTt,
TMi) Del u Hud rid Is .. fi
HUM) Uci A, ,,1 ij.,iilu 4'9. IHI
WOO Duluth X. I It ."s . . tO'
Bom) Uul-ont t'owil I'js N'i
.Iiuki l.rle j,en 4j i"v
lionii do ion in Ser A. 1114
;ikm du ioiiv 4i Her II . I'.
looiii) FIa & Kaat 4'i.h . . SS
IM Vn Utst Co 4'sh. . 8S
100(1 Hudson A Moil Ine In 'JtW
iHri Insp I'op cv li. ... HO-
lnuii) )n ov ret .Id pf l 'lll.ltfiin
.7011) lnterb It T ref As . ns5
llusi Jai. Her Sin. I'Js .. . 7.1'n
.Mill) Kan Clt) Jin .is lil'i
JWNS) l.iukn ateel fm Ili.'U . 7.'
tuvn l.iuleilo clas rfd .'s ..1UU
142 111
oo oooir
121
121
.5
8H
t'8
21
72
10)j
31U
GSVj I
iP.i
00
!()
110
4U4"
111
ooosr
121
JOllI Ur Ac M T 4'4S
linni .g .-vi '1- ,H ...
i (mhi I,,,,!,, At Nnsli Is .
.'0"iO I, A N A Iv 1st OS..
"idij Mont 1'ouer ",i .. .
'JO' (I Mo K A 1 gen 4 (is
lunu Mo I'au la
'Jl(K) Mo I'ac ' Ss . ..
lOi'J Mo I'nc Is HUH.
.10OH N I M (.' ml .23
1IIHI N Y C At II 4a . ..
SiOHO N f A It I'jS
2J7MKI N V l" A II Its w I
riiKK) N V l'tl Is lll.lll .
IMli'O N Y City 1'is WW
'-'((ii) N (Ins II It P U
r.U(S) N llao II A: i' os.
imitii) N V Kwy ret 4s .
'JK) N Y ltw ndj :,s .
irO N Y Wtme I'na
Iikhi N v Tel gen 4tjs
IIKKl N V I- iV U 4 49.
inmi Nor IMe .la
'J'.OIO Nor I'nc prior 4s .
1100 Nor t'ne 4s '112, ...
7li IMrtnt. Tel Ri . .
.'noo I'cnnn cv .IWh . . .
T.'lOd I'eiini rt i.s ....
lino 1 uhllc Strv N .1 ."
"OKI 1W Con Copper (Is
12000 llrHdlnit Ken 4s .
.limn l!n.k Island "i. .
HOH Hock Island rrd Is
40iMi llorK Islind "s. .
."in oo ( I. A s K rfd Is
100O Hi I outs Snn con 4s
10(0 .-enlHurd X 1. Sla 1
1IIIO Snutli lletl r,s . ...
jhoii :iouili I'ai col Is
.nun hin 1 1 n ru ix it-
limn H I' n ret r I
.iiHKi south rue lid n
1UIIIU siuth lli cen 4s
nun In A I'm Isl r,j.,
7(11 ii t s Unlit or Us .
ix-iii Hiul , .
IKiiiil I nlmi I'm1 1st Ii
Kino .ilnh 1st ier l
lli'io tali l'ill rt Mu Is
Minn i t r.lectilc ."is.
snno ui M'l 1st 4s
4r.2nin urn i: .V m cv "'i
iron Utit Shore res Is
.llHj
.12.1
. 04 la
I ir.-,
. (lyil
. 47',
. 4!'i
. 01
Tt'f.
. S7J4
. 117 'j
lUtiVs
. 81
Uttjn
Wi
Ji
.10!' !
. n7,
. 7H
. nv,
. 'I24
. P-'I'.
I17f
.10(1
. sl
.121
. HI".
. w,
. hi
. r.j'.j
. I.H
. Ii'.!
. '(I'l
. ns
Hi
. St
.', Hill. Idl'j
. .
. H7
. HI
101 .
1021.
. mi'.
ii
till',
. t.s'-j
.101
til
11W
M'l
HI
105
S.I
lolH
"2s
Othi
1011s
Mi
TOS
M4
UI',
IW
Ml,
V4
Ml'j
'.:
.tin
SS),
S's
lot
l'
h2
I'OV
lW'l
llSll
lllt,
11 Ills
III.
ISI
Hti'4
Xll
70'5
I1V
US
SS
1211 j
IJSl,
1V114
72 V
Kmi
1IH1
12.1
lll4
It. "ib
Ill's
,'',,v'
7I'
Ml
u2!
l'7j
liili'u
S4
IUJj,
Stljx
lli;5
I'TVi
7S
t,V,
H2U
II2(,
7i
10(1
Kills
SSI,
its',
IM
1 11
rH
hS
112
sin 4
ns
"i
si
inn
MS
Ill's
Hit
HI.'
llllj,
I'B'J
lull
1 in
p m
HI
10J
eit
lUl't
I'S.-S
,1'trt
10l4
02
Wl't
t'l4
lOO
SbSj,
w'u
UUI
7l.'4
Mi',
S5 a
It.l
IM' 1
82
117
1UI4
1ISV.
101".
mis
Ut)K
H44
to
ti'1'5
III a
lvSiv
SS
idi
lls(.j
tjljn
.'-
1il
10(1
121
l'U
11,1'J
li'a
(,MI.
47j,j
if
Mls
1UI.
l'7yj
Ku't
m
K.US
.'l K
,:.2l
lull's
1171.
7S
lii4,
1(i
mo
iii
r.j'j
1.11
-!'.
IIS
II.'
5.0C)
lis
SI
M
llil'i
ss
(17
1U.
HUs,
H'2'i
'ill',
:tl
2SI,
lui'i
I IS. .j
llll'i
hi
Manhattan Elevated ..12b?4' 12S)f 128'4' 128f
ilamell Motors 52h
Maxwell Motors 1st pf. h54
NEW YORK CUKB
rt;5.-Anierican Tobacco nid .
SuS,rlc'in.Tot'c''0 new
cwaeia Consolidated ....
aw"""
glSElmtor .'. ,
Wi Ilmtor pref . ,.;..-;.'.'
r-Heenin .,
pjE.wimj uurn i
K!K4cr8tor .......::: Ss
Bid
.. s
. 17
. . IS
:: si
.. H
.. 7Vi
.. 01
In
Asked
Si,
18:
S,2'"
X7n'"
h)i
73
04
100
lis
u
MaxMoton 2d pf
Mexican Petroleum .
Mo Kan & Toias ...
Missouri Pacific
Montana Pon or
Miami Copper
NatLead
New York Air Drako
Nevada Con Coppo; .
N N II A 11
New York Central . . .
N YO&West
Northern Paclfio ....
Norl A West
Pacilic Mall
A'i
.s
44
1 n
52
41'i
O'f
joK
Wi
52M
.5'i
6
91
15
1.7
87'i
3H-j
.V'U
Mlj
41)
81H
jo)i
15
51 .'2 5
20 :bi
mi d'H
04 1 2i
15 15 -i
(j7H 08)S
.... b9H tO
.... 12 i J2
108,'f 10-J. 117
....105 U4 i lUDi 1J4J,'
.... 22 1 a 20;s 10 1
Pennsylvanls It H 10S Kls'f 108H 10aH
I'eopie's uas uai 12m US) 118 lis
Philadelphia Co 70 72 72
Pittsburgh Coal 22'i 23ii 22H
70 f
i,)'
14!
:2 1
.u!i
05
91
1 !
07
87','
m
107),
PltUburgh Coal pf
frtssed btenl Car . .
Pressed Steel Car pf
Pullman Co
hi bteel bprla; ...
iiuj Con Copper
luaulng
Heading 1st pf .
i.t-V noil a o(03i
Hock Island Co ,
Hock Island pf . .
ItumelyM Co
Itumely M Co pf
be-aboard Air Line pf
J2.'i J4
. 4' CO
.100 OIJJ
.1U1J5 157
2.!!
14N',
85
3J
4U
mi
33)i
'(
14
14 J,
8)
3J!j
5i
f
5
17
38
13
4 H
0 'i
157 t
3H
2 i.
72
23J,'
91
45),
9 ii
157 1
...M,
23'4
'.-id i 1 UiH
83
-"J)j
H
U
4.
13
38
SO
.'iH
ii
H
4H
14h
i
bearsHooACo I3S)j 1,8W UH'i 138lf
51
b)i
3 1
92
18
0HJ4
61W
;5
3J)i
BAR SILVER
The 1
Katun dsiu'V. ?."," .Fen dy. with
mf . h uoyj i-enis.
ISIW TORK. Mav KTfc. .i ..
SSS. . r .. WSnS 'tWi. .7h
Standard
Investments
Send for our Circular
No. L-123, which con
tains a list and descrip
tion of a number of
standard investments
which are proving- pop
ular with private in
vestors and banks.
A. B. Leach & Co.
Investment Securities
US South Pnnrtk CiM.i
1 v. ... W11,V
f ,"'
Chleavn
London, Ens,
Buffalo
Dslttmors
f!imnsmMU!mSi
pound Investments
i'.Cb.lChi.&St.Loui8R,Co.
ti rnwiiu.. ...
Series 3, dua May 1st. 1964
2 Dtrintv ci .,1.1. -. , .
iLy, uno ,s ,n
IN iStoSt"'! . J. H?Jpw
Mi fiS.:' luo "nny,
.!?-,Mue "' now a closed
f ftee'of Pennsylvania State
BwM.y.he ""k ytld
AatO BANKBnS
.0ja 133 8,15th St.
DIVIDENDS "
HftlSTBri.."i... -
j&::&?vi'fa
Pi dliirtTj ." "" fleiar4
UNrOHD C NICE.
Cuhltr.
5
0
tO'f
1(7,
50tn
51lj
7.H
33)5
130
10 H
52
100
08W
15,5
btLouih&SF
stLA&Fran2dpf 'i
SiOjs-shelb&I Co .... 3711
touthem Pacillc i,lH
iouthern Ky 18) i
bouthemlty pf 57
Mandard Milling 52
btudebakerCo 74
'i'ennesseo Cop ti3U
TeiasCo 130M 133
'1 eias A Paclfio 16)' 16)5
tblrdATenuo 3M 53
Tobacco Prod pf 100 102
Twin City It T 99)1 9b)$
L nion Bag A Paper ... 0)i (h
Union Ilae A Taper pf.. 27 25)5
LnionPacdio 13J
LuionPecillcpf tl!S
Lnliedltys Invest .... 19 ls)5
Lulled iijsinv pi .... ;mn .iu
Ub llubber OsH OJ
Lbfateel cB) 5U)i
UUbleel pf 1085 lO'-H
Ltab Copper 0m)5 (iS.'i
a-Car Chemicals .... :)4)f 30
Va-Car Chem pf 100 101
Viabasn i) H
U abash pf 2)4 2)5
ustera Union Tel ... 10 0 Jj
Xustlngbouio Electrio llllj lUli
Westlnthouse 1st pf ...117 10
Willys Overland 12) 132j 11U) ll'JH
ll'K"!.'!.' C0 4J If I3f ivlOf UJM
G
35
IO)
17'J
.Si
f.1),
'i2)i
3j)i
130
18)5
52
102
98)5
0)5
25)5
1,0)5 12st- 12a
Mi hl)5 bLhi
18 18)5
.0 oO
GO ti'i
.(0)5 504
1 ji-a 1UM5
Financial Briefs
(5 ,
3.
0!)
2)f
G7J1
0S)f
1,0
1)4"
m
07)4
9)i
IM
MINING STOCK QUOTATIONS
TOKOPAII STOCKS
Jim Butler
MHCNamara
Alldway . ... ...
MUpih Extension .
Montana. i
Northern star
Bid
,S2
.04Jj
.IT
.20
..13
20
Asked
,S5
lb
.32
Tlie ItendliiB's nntlu.iciti shlpinents In
Apill were 1,1S2,000 tons this ear as com
p.i red ultli MiB.tWO tons in tlie same
uiimtli of 1911.
l luiles I.. Uirl, lui'" been elected n
rlirector nnd member of tlie e.ccutlvp
committee of the American SmeltiiiB and
ItellnlnK Company, to succeed tho late
liarton Sew ell.
Tlie American Locomotive Company hai
taken an order for 15 cnsiiies from tho
Cuba ISallroad. Tills maltos a tolay of
30 oiderod from the American Company
foi the Cuba Ilalltoad Tho locomotive
eompam Iioh nlso taken an order for
about JM.OOO of .small locomotive putts for
the Sen Ian Government.
N'liliolns Albrecht was elected n dl
rci lor of tho Girartl Avenue Title and
Trust Company, succeeding tho late W.
T Gummcy.
The North Phll.tdelpnla Trust Company
has added $25.no to tho surplus, making
that Item $175,000.
Tho receivers for the Chicago, Rock
Ulind and Pacific Railway Company have
sold SI, 191,000 6 per cent receivers' certifi
cates, runnltiK ono jear. to the Central
Trust Company of New York.
The ConsolUlbtcd Oas Company of New
York has called for payment at par on
Novembei 1 all of its $1,235,000 outstand
ing 5 per cent, debentures, duo May 1, 1918.
New York Kinks lost J169,O0O to the
fiiibtreasury yesterday and havo lost
JdlS.000 since last Friday.
Itumoi had it that the Alsomu SteI
Corporation, a nub.-idiary of the Lake Su
perior Corporation, has received an order
for So.OeO tons of steel rails for South
Africa at $29.20 per ton.
Vice President Calvin of the Oreson
Short Line, has been elected first vice
president of the San Tedro, Los Angeles
and Salt Lake Railroad.
The Pennsylvania new general mortsraEo
4Hs sold "when issued" on tho New York
curb nt 99 and 9S.
The March quaiterly report of tho N
Mida Consolidated Copper Company
showed a surplus of $13,074, against a
dellclt of $177,014 In the corresponding pe
riod of 1914.
Philadelphia National Bank stock sold
al auction this morning at $441, ex divi
dend, an advance of $12 per share over the
last sate.
Glrard National Hank shares sold at
an advance of $1S at auction today.
The Nlpe Ray Company lias sold $3.
600,000 S per cent. 10-year first mortgage
and sinking fund gold bonds to l.ee. His
glnson & Co. They will be offered by the
bankers publicly nt 94 and will liquidate
the debt of the Nlpe Ray Company held
by the United Fruit Company.
SHORT TERM NOTES
Tonopah Uitenslon 'Mi
Tonopah Merger (
Tonopah Mlr.lne ,,
i'i.
Rescue Eula ll
West End 7U
GOLDKIELO STOCKS.
Atlanta 3D
blue Dull
Booth ?
Comb Fioc !
Daisy "J
Florence , .J
aoldrteUt Belmont ,...... U
OoldneM Cons l)i
aoldrteld MirK. ,?')
.13
.OU
.00
'i t American Loco
4-, Amer r &. i suo,
Aiiir. m ...c
Anaconda Copper.
Argentine (invrn
ArBentine imieni
Rate Due.
per cent. July 1015
.!
!!l4-
2
Jumbo Extension
Kewanas .
Oro . . ..
band Ken.
silver Pick
.tf(i.
MISCELLANEOUS.
Fairv Altec .. .
Klmberly . .
Nevada Hill
Nevada Wonder
0.1
.07
IU
.37
.Oo
.47
.14
Ub
.00
a
a
.10
.10
01
.OH
21
ITi
DIVIDENDS DECLARED
American Cotton Oil Company, rejular semi
aniiual a per cent, on preferred, payable June
1, Hooks clo May 11 and reopen June 2
Standard Oil Company of California, resular
quarterly $2J5, payable June 15 to atoik of
"North Pnlladelpliia Trust Company, reular
semiannual 4 per tept.
Ciiicnt Pipe Line. 13 cent, a share, payable
June 16 to atotk ot record. May 21, Uooks
close May 24. reopen June l. The last two
dividends have been 73. rents quarterly.
calumet and HU. 115 a snare.
Ninth Natlonsl Bank, regular eemiannual 6
Mir tr.t.. payaWe on il'mano
lAm.-rlcin i Wm Compaox, rular quar-
forlv K tier cant.
a-..f Unallln.
APiincBii -)...
Rednlnr Company,
uViiht. m.Mrterlv 1 rer cent, on common ana
and
. - . n VIVAIAPP!
n. .?!Lr Sni..,KK,,K:'"7V r.mil.r nuirttrly
lvr1J.r.nt"pwbU Jum 15 to stoci pf rc ,
i,i..niln. riniarn. f.
Baltimore & Ohio. JVj
Bethlehem Steel... ft
Brklin Ban Tran. 1
Canadian Pclfl;, 5
Chesapeake A Oh o 3
Chli.ago Elevated. 5
Erie J
i;r(e
Erie .. . .... J)j
Cieneral Motor,
(iov of RnlKerland n
Uo of Hwiucrland B
Gov o' Switzerland B
Internal Harvester 5
Lavkawanna Steel J
Lk Sh & Mich Sou B
l.k bb & Mich Sou 5
Missouri ParlBo .
tt V Cen i. Hud R 3
N V Cen . Hud l 5
New York City ..
New lork City .. "
New York City ..
N Y .V 11 Hart
Pf rcsylvanla conv 3V6
Pub 8 Cor of N J 3
He4hoard Air Line 5
Bouthern ;
Southern . . ... . . .
U 0 Smelt It & M 3
Union TyrJevriter, 5
United I'Vult ...
United Fruit ..
I'tah . ... .- 2
West Penn Trac a
Apr
Sept.
Mar
Dec.
Dec
Dec
1D1H
HUB
1017
1U13
1H111
1017
Bid Asket
1001, oh.
'i
TRACTION SHARES
TURNED WEAK
Pennsylvania R. R. Will Share
Substantial Profit With Bank
ers From Sale of New 4V&s.
Investors In thli city watched with In
terest the trading In the new I'ennsjl
vnnla 4V4s "when issued" on the New
York Curb today. It was said the bonds
were sold to tho bankers at 93J and that
any profit above a commission of 24
per cent, would be shared equally with
the company. As the opening sale was
at 9SH and tho prlco later rose to 99, the
company doubtless will make a substantial
profit. The whole local bond list appeared
to havo been galvanized Into moderate
activity by the Pennsylvania sate. Ueth
lehem Steel Us were In strong demand, one
block of :0,000 changing handB at lie'.
There was also considerable trading In
l.eltlgh Valley general 4Hs and Read
lug 4s,
.Stocks lure relatively quiet nnd In
clined to be reactionary In spots L'nlon
Traction was a weak fcatuie, selling
down to 31 on light offerings whllo
Rapid Transit established n new low
record at R There seems to be an entire
lack of support to the shares Ualdwin
Locomotive also extended .vesterday's
closing recession somovvlml further
The downward tendetiC of thp New
York list In tho afternoon exeiclsed a
depressing effect on the local list. Cam
bria Steel lost n substantial fraction fol
lowing tho lead of United Stntea Steel,
and most of tho other lending Issues de
veloped slight recessions Phllndclphla
Tt action declined more than a point.
Buffalo and Susquehanna common sold
up Io 13 and the preferred ruled steady
at -iO'i Commlslon houses appeared to
have buying orders for Hlectilc Storage
Hatlcry and the stock seemed scarco at
going quotations Investois look with
favor on tho exceedingly high yield, as it
pays 4 per cent, on pnr of $100. The As
phalt shales wore not affected by tho poor
annual report which showed barcl) 2 per
cent earned on tho prefcired stock, but
this had been expected.
Another large local tiust company in
the down town district reduced Its rate
on call loans todnv from I to 3'i pet cent
Tho prevailing late ban goncially been nt
the lower llgtiie for tome time. The
money market, as a w hole, remains pruc
tirall unchanged despite tho largely in
creased trading on the exchange, but
how long such conditions will last l.s
pioblcmatlcal If genetal business con
tinues to Improve
Sales in Philadelphia
Local Half-hourly Sales
70 lien
4 Phils r.lec
Km lluf & Pus l
IV) V 3 Hteei
40 lien asp prd
10 to 10:30 A.M.
,Vsp pfd M ,10 Mke S
i'.t
c
111 l'.t(nfl
1 1 10 Cambria Stee
3Si IU I S Steel
,UV 3l) o
n liit i t nM inu. 12 Pantifl
.v ..'-.' .' '' A.if 4.ji .....r.: i
.(I s '' ' i'"!!. in
llrt 10 Phlln 11 T t e
MS to dec Storage.
II HO tike Sup for
84 joo l.eh .Nav. .
MC 2 I mnj
f 1PQ I'hlla n T t
MS 11 t nion Trac
2s t'nlrm True
l'lO Clen AP pfd
IB Kler Storane
10 l-hlla tl T t r
io r o i
0 I'ennn. .
3V Amer Mlllln
1 P.nn.
TOO If B Pleel . iVsjd Ino llie Hup (jr
SO fnlon Trac. !1Pk I'l renna . !
VO T"n Vtln . 7 .s-Kl in I" S StCl . .
200 l.ske Sup Cor 7"j SV Tnnopnh Bel.
av Am ItM 12. I Pim ri T. .
7 Ponn . . .", 20) V fl Steel
20 I S Steel. .. I',
BONDS.
HOoo eh Val en eons 44i
I0CO Beading gen 4a
P 10
3tS
40i
f,SJ
BO.
f,
J
P
.14"!
.0,'8
.",S,
5
PO.'i
n
WHEAT TURNED WEAK
IN FINAL DEALINGS
10:30 tn 11 A. M.
to U S Btesl.
ip
100
10
do,
do
no
fi in l" H Steel
sJ Hi do ...
f-sU, O Ton Bel
.' 10O i; S StPel
V Tonornh Bat 44 Iihi Baldwin
IV Ijvke Sup ror 7'5 1 I'm Mm
(o Phils, ntlf P ino I' H Hteel..
to l'nlon Trac.. 3l.
BONDS
2(100 tleflillng Co Imp Is
00" I.sh VM (ten tons 4ts
1H00 I.oh Nai cons 4Hs
"(rii trh Nn oins I'si
2COOO Beth Steel 0
.IS'.
7-tft
4-lA
94
"?
p-iH
.110',
11 to 11:30 A. M.
eel
."isvi, ton 1 s nee
SSjj 10(1 Phlla Co
.,iu i ninn
Tr.i.
.,, lOO Hh I in Co
BnCj so Lnkn Sup Cor
.lilt "IV Ton Mm. ...7
.. u I.
.10 t'nmhrla Steel
40 rnna
Mtf
31,1,
lit
1" 1 S Sled,...
tn do ....
2V Pennn . .
i'" 1 S Steel
10 do . . .
loo l'nlon Trac
,", do . .
, Mine S It
200 l nlnn Trao
100 Phlla lo
BON'DS.
1000 Beth Steel ref ."is
11:30 A. M. lo 12 M.
4 l'nlon Trac. 34 40 Union Trac...
1 Penn . . M T-11 !jn 1" 8 Steel
2 do 34 7-1 fl :no Tonnpsll Bel.
20 l'nlon Trac .. 34H ino l'nlon Trac. .
loo do ... . 114 20 Beading ... .
BONDS.
2"OV Bending gen 4s
irro Vhlln. Co i nn ",i
loco Eire Peop Tr 4s
S
ic
2,V4
R4
411
34'
01H
II
6SI,
.11
711,
nts
TIP.
12 M.
10 Cnlon Tree .
si Phlla tlTtt
20 T" S Steel .
led Phlln Blee
10 Bendlmr
100 Phlln, f.liy
100 V a Hteel.
" U 8 Steel
to 12:30 P. M.
.14 100 Phlln IITK 0
P 20 U H Steel.. . .Ill,
.-.Si., 1o Penna .31 7-1(1
21V " Tonornh Bel. I
74 10 Ken CUV So. 'JSH
1M 1C1 fnlon Trac. . 14
VSH Iflo Ton Bel I 5-1(1
,V'i IW Vmer Milling. J-V
BONDS.
tfO Intaratnte Bwvs 0
lono Phlln rice 3s Mil's
II.U1 t,,.ll ..I.- I- 'll
'"1J i milt I, ice -ta .... . . ...i
711
12:30 to 1 P. M.
lOO Bc-idlne
10 1' S Steel,
lo "hl B I f, t'
10 Union Trnc .
BONDS
iron ivnna conR .'I'Js 1013... .
Vl I'hIU Ulcc Is
1000 Penni cons IHs 1UW ..
1 to 1:30 P. M.
71 '.'no l.ue Pup Cor 71
31, 30 do 71,
24)j (1 Ins Co N Am 21'i
:i4'
.. OT,
. P(l
...101V,
Wheat Eased Off After Firm
Opening Heavy European
Orders Reported.
CHICAGO, May S.-Openlng with f.n
uncertain movement the market soon n
Hiiined a steady tone Karly buyers, how
ever, were soon eatlslled
Wheat opened '4 cent over psterdny's
closing price, but soon fell back to the
old quotation of $1,621. A dull foreign
market nnd exceptionally good leporls 'if
a coming bumper crop prevented any
Immediate rise It Is rumored that heavy
Kuropeon orders are In prospect.
Farmers are ahead of last year In their
work and will soon be kept In the Odds,
wjilcli should prevent tho active shipment
of corn, giving that product a strong mar
ket. Unfavorable reports continue to
com from Argentine fields,
A few queries for export oats pervadft
the market, supporting tlie seller It ft
expected that the demand will Increase,
and with It a Use In price Is looked" for
As long ns thn war lasts a good market
will exist for American grain products,
according to many brokers, aftd a Healthy
tone will accompany tho demand.
Lending futures ranged as
tvhtat
Mny July . . .
September
Corn (new
Mnv ..
Julv . ..
Sejitemher ...
O-its-
Mny
.Illlv
fientcmher
La rd
Mnv
Julv
iSepfniber ...
Mnv
July
ficptemher . . .
Pork-
Miy
Juts
Heiilemhcr
Bid. tAsked
Open.
1 hjsj
. 1 3-i
1 2V
dellverv)-
' .. ilk
81
Ml,
4 1 1,
.1012
..10 47
.10 72
.10 32
.10 8-,
.11 III
1 7 no
is io
..is 81
)!lh.
.011
I 1(li
1.
L.IS'Vj
87.
814.
IV't
77,
804
C'!J
111
4H
10.12 tl0 21 to.ao
10 47
10 72
10 SI
11.10
IS 10
I S 8,1
in.40 tio.4i
lO.lu 10.7(1
10 M
17.00
18.13
tis.yio
10.71
11.07
I8..10
18.72
NEW YORK BUTTER AND EGGS
NHVV YOPh, Mnv 3 -IIPTI BIL-Msrkal
stenrlv receipts, 12,1.12 ukBs . enlrn, ."lie.,
hlth'r scoring, .Itittic. mnte dJlr, line ,
linltntlon rreflmtrv. 2l'i22'.
UnCiS -Market (Inner rccalpts, Srt.fl.12 pkgs.
etrn (lrst. 2tf2Hvc., regular puked. Ilrst.
1li'i,f5P"ji' . legclnr jiarsed, nenrlij whiles. IM
2l'4r . mixed color, L'i)ff2ttr . gnlhcre.l,
nearl v browns 2Ji72J'j' ixtra first, 21'i'if
22r first, 20ts2ii.
2 III
... . Yes close. High .oiv. pin
!! Am Milling . . .-,, .,.
II Am Railways . ayi, .-, r ;j.,
2iiii llntdvvln lx.u . 31 .Mi, ,1js, .-,.s.
Km BulT ,v; Husq t c l.'i, 11 t:t 11
!e (Ii put UP, ici)j 40'j 40'.
"I Clin Siecl . . .Ill 4li, 111", 4ii:
I" Cent Leather HP, 4u in 40
.'.3 Ctec Storage 321, BJJ, "21, .UI,
1(11 lien AbiiIi prcf. l.tH, MP nil ll
i, Ins Cn N Am .. 211, 21 V, 21 'j 21'
JO Kmi City So . 21 L'S 2K'i 2Sl!
i'l, Iike hup I'oip. 71,, ',, 7i(. 71,
100 Lehigh .W . . 71', 74 71 J 7l"
It .Mlllenlll ,'HII, 3H). 3111. Mil,
10 .Vorfork . in-, oi 101 Ii)-.
lis Pennn lid ... 3P 31',, ",, r,4'
:(n 1'hll.v c-n .-ui .in" :ir,' iii"
2(11 Phlll Clec . 211, 24, 24', 24'i
21(1 Phlla It T 0 SI !'
113 Phlln lrsc . .. 7711 7(1 Tl! 7ll
210 Beading . . . 74'. 7i, 71', 71',
10 Rock Island . ailj 214 2 Hi
.".''7 Tono Bel ... l, ' m 1
ll.ono Mln .... 7'" 7',r 7',,' 7
(IW l'nlon Trac . . ,ia, :!4', :t4 ,11',
11 I'nltod Oaa Imp. 84 S si s4
201O L" S Steel 3Si, 3'l 37', 571,
BONDS.
Last tiicv. 2 1 )
.,. ,. . sale Hlsli. Ixnv. P.M
.lOO Bald Loco i.s .. 111,1, iini, inn,
I0UO Beth Ftl prcf 3a 01', nil, miJ i.pi
f'WJJ Jllei' & I'co T 4fl SO 7(1', TH' 711
1000 InlerBtato Ry 4s 38', no Ml ilo
iikiii Lch N cons I'm li'l", mi", P'ivl jiuv.
lonoo l. v ci gen i'4 kio ti.i; i, ; J ;,(,
loon Pa ioiiv .l',s '13 lOil 17, m,7 wr
It,",!!! ..L1!'. t"", "41.1031, 1(111, Kkll, Kill,
1000 Phlla Co cun 3s 811. 82 s2 a
13(10 Phlla El 4s 7!i 80 71 8(1
iXS ..'lo"',s " " ,ni'' 10" !0t7. Bit',
.IfKKi Beading cm 4s )!(, 04', iwv, m v.
.'ooii do imp 4, noij nm, no .
1O0 Beading 71 10 I" S Slcel . 17",
"ji I S Meet . Is', in Cent Leather. 40
10 .Norfolk . ... 101 lis C S Sti-el. 37
1(0 I" S Steel .. is .13 Ton Bel.... 4 1-Hi
1'" it". .. . .is lisi C ri Sieel .. 17i,
23 do "-S TO do ."71,
I t'llll.l Tr.ic . 7H 10 do 371
t"(l 1' K Steel .. IS 1(1(1 do . . .. 37
4 Phlln rrac... 7(1 ?0 do .'.7,
IO tl S Steel... 17!, .15 do 57
10 ltendlnic .. .. 7i,
BONDS
3H0O Hal Li In Hi , Il(ii,
1:30 to 2 P.M.
1 Vie,- Stornge ""V, 10 do. .. 7T,
22 U O 1 84 10 V S Steel.. . 57",
20 1" S Steel ."n Ml do 57'
1(0 do 17'v Id do 17'k
lo I eh Vnllo. 7'a '.'o do 57
10 1'lec Stnrngn "2", 1(0 do. . . ,17
100 Amer Smelter 71', ECO do 37
SOU S Steel .. 17lJ .10 do. . -i7'l
loo do IT'S 1" rem leather, .l'l'i
io do 37'j in mrnhrli Mtcl 4iiv,
1() do ... fi7'5 in Rending 7ti',
21 do 17'5 .-. I U I. . .. M
BO l'nlon Trnc .11 In 1' S Steel.. . 37'.
51 I' 8 Stee . 17'4 Ion do 37'f,
10 Col Fuel. .. in Iihi do liT',
100 U 8 Sleel . 17 C, 100 Ke stone Tel. 11
10 do 17', .11 f S Steel 371,
00 do. . 17'i to L'nlon Trnc... II
tin Ainnl Copper 74 13 do .11
inn rnmbrtn Steel 4"i, ion do .. 34
in Reading . 71 'J I'") Cambria Sleel 4!i,
BONDS.
fjssi Kcv Tel Bs
mn Amer (Ins
2(0n Penna cons I
Elec ,1,.,.
i IIHI.
si,
I'T'i
COTTON
SECURITIES AT AUCTION
The following securities ncre otd at niutlon
tndnv liv Bdrnes , Lotlnnd
-'fhrs VV. E. Tr Co pur MOO. . .$102
2shrs. lire Asso of Phlla.. par J10 . .I2si,
(I -Iirs. do njii
.1 Bhrs. do ,1."ii,
4 shr Elec. Hose a Rub Co.. par JldO. ion.
20n shr Nevada Cons. Cop Co.. pir S3 . 14'J
Itnshrs. Brltah Cot Cop ( o I td , par Jl. 5(ic
infl jhru U'ic 'Pa! t 'n r. fill as.
June 4U17
June 1015
July 1018
Mar lU-'l
June loll)
July luiii
srr.
Oct
Apr.
Oct
Mar.
Mar
Mar.
e"eb.
Mar
I a nt
tnis
1017
1013
10111
1U1S
1020
11)1.1
IU17
sept, ibis
iec. juia
June
Sept.
Oct
Sept
Sept
Sept,
May
Oct.
Mar.
Mar
Feb.
May
Jure
Jan
May
May
Apr
Mar,
1013
1015
1015
101 B
lnm
1017
1(113
1'IIB
1011)
lltf
U.1H
1917
1018
mm
1017
1018
1017
1017
juo;,
tno4.
100 1,
100
100',
oij;
oo',
IKltl
loot;
100
10B4
niJ
0(1
O'l
B0
00
101V,
Sf?
PU
P1)I
07W
100 VJ
00
100V,
loos
inn;
1021J
04
SO'i
ion
ino
OO'i
oats
08
a
oi;
08lT
osv5
inn;,
lnttj
100V,
1011;
ino
loo
oov,
ino 'I
KMV,
Ir.'Vi
Odl.
100 ti
Miff
luiC
lOoif
07'f
US
looj:
IJJJS
1153,
101
102'j,
10IS
100
lonw
inoi;
i
iffi
no Si
100
so
LIVE STOCK QUOTATIONS
CHICAGO, May 5 HOC1S. Receipts. 23,000,
market lw and sironj: mixed and butchers,
7 2S7.U3 good heavy. S7SI.6J. rourb heavy,
blCA'TTLE-Bec'1pls. 14,000 market ateady.
besvt 10c blSher. coiva nnd heifers, 8.WU
Sis, Hl' .n,, f?ia".2 00S.B0.'Texan,
I5ld71 waives, I.2S
SrlFCP - BetelpU.10.00Q. market steady, na
tiv nd Wtern, T.tOS8.10. Umtn, 8lv.t.
10(1 ahr Kev. Tel. Co.. n,r .vi
200 nhrs Cnnjdlill (HI A Coil Co Lid.,
oar S3 . i.m
lOOshrs. Wireles, Rallnav Cn . par $1
20(1 shrs. I lilted hiuics Arsetil Min
ing Co.. pjr t n.li h ir? Penn
Oierland Tel. fc Tel. Co pir Sin.
.'.Ono shs. Rara Mitalllc Hold .v.
Sliver Co, par $t SOU shrs Bntlle
.iKiumuin suiver .Mln cn pir Jin.
20U shrs. Averlll Inaulattng Conduit
Co , par J10. 500 shrs Oolconda
Mining Co . Iadvllle Col par Jtn.
.Wi hhrs. Klmr Bullion silver Mln.
Co.. par J10, 500 shra. Utile Maud
Mining Co. of Colorado, par JIO.
100 shrs. Centennial Silver Mlnln?
Co.. par 10, 250 shra, Overlsnd Dis
trict Tileuraph Co, par JIO. 1000
shrn Twin Mountain Mining , Mill
Ills Co.. par Jl. 500 shrs. American
Sectional Electric Cndergrnund Co
par S3 7.10 bhrs Brooks Hnlder Cnn
fcolldaled l.old tc Silver Minluc Co
pjr S.. In shrs Dominion (opner
Co . Ltd . par $10 Lot
10 shra Phllu. & Cam. Ferry c mr sin 10S
$ lOui Harrlion Bros & Co , Inc., 5 per
(flit. 1ft niortgaiie Coupons May
nnd November. Due 1024 Kl,
1 3hr Bank ol N. A merlin, par JIM. 2.17
I shr. Klral Nat Bank. I'hlla. par S10O tun
I shrs. (Ilrard Nat. Bank, par $100 ... 321
iu hr riuia .Nat. imtiK, pir Jinn .. 411
ii ,nrs. no
LIslui,. l.ykens Val. R. B. & Coat Co.
pur Jin
1 khr. 2d i. M Sts. Pass. R). Co
1 shr I'raukford Ac Southivark (5tti .4
tstn ata.) I'aknenner itauway .
IN), turn Northern Par. 75. R. Co.. com,
(i nasswuci.i
lOhhis .1. C, Brill Co pref . par Slno.
20 bhrs Amer. Dredging Cn . par $100.
2300 mrs. Utrman Uotd Si Cranium Co.,
par 81 ,
ID shrs Phlla Bourse, com. par J30
$,300 Springfield Water Co., 5 per cent,
( una. mortgage. Coupons March a;
Scptembor. Due 1020
1000 Reading Co. & Phlla. & Reariln
i ral c Iron Co. 4 per cent. Oen.
mortgage. Coupons January & July,
Hue lli'.i? . ...
10CO Phlla. Lin Co B per cent Trust
temnratta interest April a ucio.
bcr. Due t'4S
1000 Schiuiklll Traci Co. 3 per cent.
First mortgage. Coupons April &.
October Due 1011 ....
5000 West Penn Tranlon Co. B per rent.
Three-ar notes. March & Septem
ber. Due Man.li 1, 1017
OO shrs Kranklln Trust . ...
1 chr. Induotrlal Trust.,.
30 hrs. Mutual Trust
14 shrs. Elmlru.it VVUllamsport pref
NEW 10RK Vlav 5 Cottnn opened barelj
stoadj. in to 11 points under last night's close,
with netllrg more or less scattered New
Orlennr wulrt on ho in" Then was nlsn sell-
Ins t,v iv Ire houses from Oerman aources and '
liv Wnlt street The London rabies stated that
til di dine lllere v,.is du. to poor trade re- ,
pon fron cblns and heavv n.Terlugs from the I
continent, ine mRrner necame steauier aa tne
dav advanced, but failed tn nliotv much re-LCveri.
ie, i iosp upen u am xi .,( l-.iu
ii ,n ii i;
un.1
10 28
10.41
10 30
111 08
Afav
luly .. .
October . .
December .
tanuarv
Msrch . .
10 OH
io :m
1038
lOrtl
10.8O
nnn
10.21
10 41
in n
n so
in 22
1(1 12
10 4
'41
ll
410
3J0
Its
no
88',
SS'i
04
I01'
87'a
07
31
170
31
87
NEW YORK METAL MARKET
NEW YOBK, Ma: 1. The n-etsl market was
unch-iiigcil iiidav Lend I llff I 2(ic , tin, die.
ton tots, offered at D.Bdc.
Prices In Ijindon were as follows Spot cop
per, 78 5s. up C2 3s. futures. 70 lis, uii
2 10,. Electroltlc. iS7. up 1 Spot tin.
10! Bin . up 1. futurfB. Cinj 10s. up lis,
straits, 101. Sales Snot, Si) tons futures, -.i
tons. Lead, 20 2s lid. to 20 1.1s. Spelter,
63. off 1.
German Gold Holdings Eipand
BERLIN, May 5 The Relchsbank state
ment Issued April 30. shows lnirease, In gold
of 11,71.3 000 marks ($l,fl!H,250): In discounts,
.IM.IOS.ooo marks (JS8.277.O0OI In loans. I..
om ixii marks (J211.210J, In notes 1n circula
tion, Sl5.sni.mo markn (fiJ.si.i.'jmi and In
deposits. .12 114 0X0 marks '8,108.500) De.
treares In metnl stock, treasur.v certificates
and notes of otner banks of 50 1il2,00n mark,
(14 oonf.00) and In treasury bills, 2,338.000
($1SI..".0O)
nid' democratic victoky
IX DALTIMOUG ELECTION
TralTic Increasing on P. R. R.
The number of Idle cars on tha Pennsylvania
Railroad System showed an appreciable de
crease during the month or April The shop
rara and good ordsr cara stored on the entire
System numbered b.1,433 on April 30, a. decrease
of 14.M7 from April 1 There were 35,003 shop
cars at tha end ot the month, an increase of
1340, but the number ot stored cara. 2LWJ, was
10.130 less tbau at tho beginning of April.
The belter propoitloi.ate decrease In Idle
cars during April was shown on the System'!
Linrs East Tho total on April 80 was W7.327. a
decrease of 8217 from April 1 Tha total of
empty cars out of service on the. System on
April 30 shuns a decieauo ot 22,505 from J ami
uary 4 this ear. but an Increase of 15,354 over
September 17, 1014
Local Bourse Had Good Year
According to tba annual report of the
Philadelphia Bourse for tba year ended De.
cember 31. 1014, gross operating revenue was
1217.327, The rentals from oirices. exhibition
rooms, etc. amounted to $203,20.), corneal ti
with $183.0-14 in 1011. Net Income after ex
Peiuea last ear a J108.0S2, and after de.
ducting for charge net earning for the year
were $3'J.702. A dividend of i per cent, on
the irifrre.l slock wa raid, amounting to
Sin, 627. to that tbe aurplua for the yetr was
$23,171.
Purtng' the ear the prfrred stock was
rtducd from $300,000 to J39AOM by the re
deuiptlon nnd canctlUtion of $108,000 ownod
by the company A depredation charge of
$229,357 waa mads against the real estate
account, reducing It to $2,130,530 uhlch la
the amount of the combined capital stoik and
bonded lndebtednes. ThlJ is tha first de
preciation chirg, every mad by the company
4LPd covtri 4 period pf 19 tears.
Mayor Continued in Oflke Majorities i
in Councils Increased. '
BALTIMORE, Md., May 5 Mayor ,
James II Preston and almost the entire
Democratic ticket won a sweeping vlctor
In the municipal election here jesterday
With only one Democratic precinct miss
ing, because of a dispute. Mayor Preston's
plurality over Charles H Helntzeman. the
Republican candidate, la 15,915 Mn.vor
Preston led his ticket by several hun- I
dred votes. i
The City Council will stand First J
Branch, 20 Democrats, 4 Republicans, a
Democratic gain of 1, Second Branch. 7
Democrats, 1 Republican, a Democratic i
gain of 1.
The result Is looked upon as a personal
victory for Mayor Preston and as pos- i
sesslng no national significance. He was
unopposed In the Democratic primaries,
while his opponent. Mr Helntzeman, won
,h nomination after n hitter rich! ncalnsf
former United States District Attorney '
John Philip Hill, who represented the
"silk stocking;' element in the Republican
ranks Many Independent Republicans
loted for Mayor Preston.
Four years ago, as the candidate of
the Democratic "organization," Mayor
Preston was opposed by many of the In
dependent elements and was elected by
only 700 votes. While he has been Mayor
he has spent $25,000 000 In public im
provements, for sewers, streets, high
wax and water filtration, and It Is gen
erally admitted that the work has been
economically and efficiently done.
FRANKLIN INSURANCE SALE
Fire Company Stock Goes to Home
Insurance Companjt
Announcement -& made this afternoon by
Joseph Moon, Jr.. that he has negotiated a
ci'iituct on behalf of tha director of tbt
Franklin Fire Insurance Company, and with
their unanimous approval, for the sale of the
entire stock of tha company named to Inttreat
Identified with the Home Insurance Company,
of New York, on a basis yielding the stock
holders $75 per share, conditioned upon the
acceptance of the proposition by st least 51,
per csnt of the total capita
Circulars to this effect wUI reach the stock
holder f the Franklin lit the mall tomorrow
morning It la the Intention of tha vurchaaer
to continue th business and Ui of th
iVanUta.
Other Commercial and Fi
nancial News on Page 14
American Snuff Capital Cut
NEW YiTllC, May 5. At n special meetln
of the Aiirrlean Snuff stockholders the author
ised prefTred slock was rsduced lo $4,000,000
lo con'Plv with on order of the court.
The American Snuff Cnmpan now ha OUU
standing Jll.ccO.uOo common and $1,032,800
preferred.
New High Price for Spelter
NEW YORK, May B A new hlsh price was
established fur rrlnie Western spelter, on the
sale of a car lot for spot delivery at 14H
cuts a pound.
FRANKLIN
NATIONAL BANK
Broad and Chestnut Streets
Philadelphia, May 1, 1915.
RESOURCES
Loans and Discounts $27,003,296.49
Liability Under Letters of Credit 147,353.99
Due from Banks 4,838,190.84
Cash and Reserve 9,168,246.72
Exchanges for Clearing House 1,756,007.73
$427913,095.47
LIABILITIES
Capital $1,000,000.00
Surplus and Net Profits 3,496,927.92
Circulation ' 445,000.00
Letters of Credit 147,353.99
Deposits 37,823,813.56
$42913,095.47
.1. K. McAI.I.lSTEH, Tresldent.
J. A. HABBIS, Jr.. Vice I'rreldrnt. .7. iv.VI. IIARDT. Asst. Cashier.
B. r. PAtJSMOilE. Vice President & Cashier, J. C. IIIANKLA.M). Asst. Cashier.
K. E. SHIELDS, Asst. Cashier.
8amnel T. Ilodlne
thornns lie Witt Cuyler
Cenrge II. J-Varler
Edn-nrd It. Smith
Henry Tatnatl
J. Rutherford McAllister
Trederlck L. Bally
DIRECTORS
Efllncham IS. Morris
1'erey C. Madeira
EUI, Pusey l'assmore
,1. Andrew Hnrrls. lr.
J Unmpton Barnes
Morris I.. Clothier
FOREIGN EXCHANGE IN ALL ITS BRANCHES
li
C. S. W. Packard
Charlton Vnrnall
VV. IV. Atterbury
Edasr C. Kelton
Robert C. Drayton
Rudolph Ellis
Edward V. Beat
Keep Posted
Avoid Risk, Danger and Expense
It is just as important to keep posted about the securities
you own as it is to investigate thoroughly the securities you
purchase.
A FORM JUST FINISHED will enable investors to tell
at a glance what securities they hold, what month the interest on
each security is due, whether or not their securities are free of
Pennsylvania State Tax and the Normal Federal Income Tax;
in fact, practically all the necessary information. This form
enables us to keep investors advised concerning their securities
at no inconvenience or expense to them. We ask you to take
advantage of our service. Sample forms are ready to be mailed
on request.
To demonstrate the usefulness and advantages of this form,
we have filled it in with a list of securities that we strongly
recommend for investment.
Twelve First Mortgage Bonds
Also one Consolidated Mortgage Bond of the Pennsyl
vania R. R. All but one Free of Pennsylvania State Tax,
and ALL Free of the Normal Federal Income Tax.
0
Dim BtSMiliTflii&C
N. E. Corner Broad and Chestnut Streets, Philadelphia
30 Pine Street, New York
PENNSYLVANIA
TAX FREE
Exempt Under Federal
Income Tax Law
We Own and Oiler
the following Pennsylvania Municipal Bonds (legal
for trust funds) at piices to yield from
3.80 to 4.60
Harrisburg, Improvement 4, 1916
York, School District 3V2, 1933
Pittsburgh, Funding 4co, 1917
Lower Merion Township, School Dist. 4V4,
1924.1934
Coatesvillc, School Dist. 4V2 1922-1944
Kennett Square, School Dist. 4Vz, 1916.1944
Larksville, School Dist. 5, 1 930-1 935-1 940
PARTICULARS O.V REQUEST
Martin & Co.
Investment Bankers
Stock Exchange Building
Brown Brothers & Co.
Fourth and Chestnut Streets
PHILADELPHIA
Travellers Letters of Credit
Issued in Dollars for use in. United States, Canada,
West Indies and other Countries in North anBoulh
America.
follows:
V.trdav'
jaw. eiossi
ijow. ciosv,
1 Bli I.B
1.2114 tl M
(91
5
fa
t 'i
t
"J
'I
1
J
m
i
i
i i n m r nni riiOTsi i .Mnfrvt.wii.