i
n
gTQCKS REACTED SHARPLY WHEN REPORT WAS CIRCULATED OF ATTACK ON RESIDENT
EVENING!- LEDGER-PHILADELPHIA, MOtfDAY, MAY 10, 1915.
pJBED ATTACK ON
jfllSONGAUSEDWlUl'
1?M1 2 to 14 Points Uni
fy Followed Poor Steel
Statement
Icf
New York Stock Sales
., , I-Ut eIO
Alaska OoH Mlnr-i xih
Allla-Chalm .Mfg . 141I
AIIH-Chlm Mfg pf "a
Amalgamated Con ... os'f
Am Agr Chemical 531
ww ueev Bugar 44
May
lO.-r-Clreulatlon of
ot the Stock Ex-
...
t-rtf YOtuv
" .. . rt.AH
.- .. 1I1P UOUI
n . .i.....Miniii WaII Street that
fbLlVltaon hnd been shot Rave the
fmlrket tho severest Wow It hn
tlSr j .Inee the resumption of trading
F mber. There wan a lld ncrnm.
fc'tt rid of stocks and prices went
la,ifi, a crash, losses of from 2 to
jart wiiii . Aimost Cvery
tfnJfferVd, and many set now low
I!. tZ tlie year Cotton and grain
?l,MtJL also hard lilt, declines In
'" i.i. being irorn 11 i" " i"i""
'WSStlon showed thai theie
BpMAiutely no ground for tho rumors.
Br"6 ?il. President was at Ills desk
i white House stocks regained somo
,. lowes of the sliarp break, mam,
7w InMes Of me biikim ""i """'
'tfict recoennB ..-.
attf,u the opinion In many quaitern
I.V.'ftS rumors of the attack on the
SSL, had originated In tho Street.
'niervatlvo traders iiccinren mar.
WS hid probably started tho ru-
rflorirtOBftVO ineniuivi.
f'"..- ,nlitrt certainly be dubbed
Mx-
Iw" .., far ns the .Stock
Rli?U concerned, as there was no end,
ffl reports throughout thr
SttHiY'
i. ihirn setback which occuirod on
EVanort It the shooting of Mr. Wilson
iklch Marten on r r.u.,, ..... -,..:
J JritM very plainly the feverish post
?'. nl the , market :it the present time,
K0' tilled on Friday when tho Lusl-
,. J. toroedoed One of the most Itn-
tirt.nl' things from a. stock nmrUet ntnnri
ffita. tho Possibility of some action
Ij taken on tho Misitnnla matter, but
,. a feeling In the Street to adopt
S&teMul Malting" policy,
ma severest loss whh sustained by
aVAl Motors, which dtopped II points.
rStTn order enmo Uethlehem Steel with
Tlaia of 13 points. Steel Common. 5i&;
Tr!iunhousc Elcctile over S, while losses
V J and points nnd a fraction ubovo
Vlf6 QUI lO wiiii'"""
iTIrtually all news that came out today
'. - nn unfjuorable nature to tho
Hock market Tho Oernians again bom
rfed Dunkirk, a German nlr fleet
nldtd Encland. doing considerable d.im.
'Us.fitnd last, but not least, tliero wns
tittoor statement of unfilled tonmge on
UrtookB of tho t'nlted Stntes Steel Cor
Mrttlon on Apill .T) The statement
tinned a decrease of 10.503 tons, ns coni
Mrtd nlth the end of March, whereas the
Street had expected a much better show
tat particularly In view of tho fact that
U plants of the corporation me. nprr-
Ulaj at auout ill per rem. ni niiucny.
Am Can
Am Can pf
Am Car& Foundry
Am Coal Producls
Am Coal Prod pf . .
Am Cotton Oil ...
Am Hldo A leather
Am Hide A I. pf . .
AmlreSectultlej ..
Am i,ineou
07) j
fil
05
ltlh
at
U'a
4o'i
G85
fit
11
3Ui
07
fiOX
91
107i 107
. 47!( 47'i
0
Mi
10
45!-l
. mi
..155
34!i
6'
29
MH
11
28
40'
CG'
150
30)i
2'H
13 J 1
38
02) i
50
40
20
93
47
91
107
43
!'
2fi
28
10
2H
39' f
01H
150
ili)a
2 10
p.m.
3t U
14M
43W
0IJ
60
40
3IJ
01M
49
91
107
44
4' I
2S4
20
11''
28
42
ni
150
30' i
.107 107)4 103'i 101'
lit 11315 1I3H ll.Tl
120 110'i 1104 11N'
22!)'i 2.10 2JI 227
107M 107 107 107
. 2!l'( 28 28 28
. 32l 32)i mH 30'
. 09 100 07 (.
108i 100'i 100'i 10fl'5
40H 17 31'1 42!
72U 72', 09' 7015
09! i- 70'i 09 (19
1111
140' 11a 120 131
lllh HI 111 111
8S 87 83' 80) i
7)i 0f OU 0U
51 G0K 53 50
10'f lflU 15 15
42 37 37 37
1501 n 157 lfi3f lofi.lf
.10!. 30',' 33 34U
102U 102)4 10JM 102)i
14'f 44 tl 41h
. 4,lj 43W 40 4.i
Il'i 12) 11 llh
30)5 30 28 2S4
01 91) 85)4 R9)t'
125U 125 125 125
120)5 127 120)i 1 2(1' J
2254 2J)i 21H 22'
.10015 100 urn 100
V.WJ L'J' 1 'JOH
I
LONDON MARKET HIGHER
American
Brisk Advances in Bik
ft Shares.
lli.VDON. Mas 10 - The flmk inntket win
It-oic todiy -harp Rains iipip made l h-v-
tnl 01 tn larso .Mncri on (.ii.ir,-.
Jnuliamiled Copper
JtclUon ....
Bjlttaore K. Ohio
Cwl.ilin I'aclfle . ..
Chntptlkr A Ohio
CUIi Mil & hi ('All I
Cltaio Great Western
Dotir A tlio Orando . .
Dtt
1 (a 1il pref
mtwli Central
it twirl Karniaa & Texn
Sit York Central
Sdrtoli k Wt item
Xn fork Ont & Wet
IVwInnla
Haimr .
twrtern hallway .,
watrn Tai.lfl . .
Wra Pacinr
.Wrt States steel
kflurtaie Dei-reasc
Lniuloii N. V.
I0I
. Til
.II..-I
III
: 'm;
-irj
112
IS1!
VI
. .'iin.
.-.11
71
i
t.'i'. 4 Ii.
lisi. I,
rni -t '.
i.'.sn, y
I I'k '
uriv t.
01
.lanj;
WIS
"$
'Yii
idji,
iiijiJ
US'.
UK j
l-.l j
lllj
'(,
'4
1
4 1
STEEL TONNAGE LESS
Unfilled Orders of Corporation 03,505
Tons Under Match.
f
la!
MW TOnK. Sim ln.-Thr. 1'nlli.il Knt-
Rl Corporation today nnnonnt'eil tho nninnn
Itr linAlled order nn nrll :i 11a I lil.'.'-H
tea. compared ultli I -'.".." 7 l'i tnna on Manh ."1
IJJIHj 'dreas nf ti;,.'(n Ions,
f Ttt hlihcat tlsures ere niado on Det ember
K.-1MH at 8.4VI.71S Tho lowest was on
ncembtr St. 1910. at 2.1.74.7R7. Comnnrlfon
Btamied tonnage Is mado with proloin ro-
rt loiiuns
tr?
Iuurj . ,
a,r.:,
iir V....,
itrutt ,,
fwitittr
r ..
JeroVr
Ctieobtr .
10 m.
4,:MS.ri71
4 I4M7I
4 337M
4 l2,24t
inn. inn.
4.111 l.tiSn 7,SJT,,ifll
ri,o.'n.44n 7.v) 71 1
4,llVI.8.,ri 7.4(W,nSi)
4 277.WIS II 078.7ni
n.tKm.uai :i24,TJi
i.o'i. s7 r.,K(i7...i7
i.iix.Ahn n, iii'i.r m
I21'l.:lll r.,2J.! 4 114
.7S7.lj7 ri.O0J,78 1
'I mi on? 1.31 1,711"
l.l.'i.aoj 1 :iiif.,;iir
:i.Mn.ni.i I.2S-MU4
11IINING STOCK QUOTATIONS
K TOKOPAII STOCKB.
AafaatlH. n.M. A.k.
wura '
iuawif '
gjeiuniiii'..-.-..-:;::::::;
Sarth u.. '
fHhnlmont . ..... 4U
jBopih F-xtenaion . nil
?Ma Mlntne .. 7
B" .. . ::.::::::::: -in.
7
.m
111
.2.1
.8.1
.30
in
.is
01
JBI
Ittaatt a0tDnB,'D STOCKS.
SiHill '.'..
N
fettit.
Cftlf
rt.7."....n . m
metion ..:::::::::: .'ii
, .02
, .113
. .43
, i
, .2(1
, .Ul)
. .11
, .07
, .07
, 07
. .OJ
. .1X1
.211
.1.05
.HI
.07
:;:
01
.nil
11
.0.1
.07
18
II,
21
1 on
.11
I HI
OS
.OS
III
HI
1.73
KOU!lH It 11
.!. "
ftjjaMMtai ..:::::::;:::::
JUv- -"::::::::::
Sisbtrl "
oa44 Hill '.'." .
j4.vMder ' - ;;:::;
gm nd Essex Stockholders Fight
&a2iSr'irV.!1,,i.5.,Jn ranlzed to protect the
Kr.LfL",w.'!hold"" of lori and
Btn tf,n'l,.P1ware. LacUai wanna ana
'fW&t Vi?r tomjuany. Members of the
lM tk. w.?'01-1!!' & Vai Tul. Jr.. preal
ii!rkilrm.it.roftJl.'.Un Truat Company. New
S ih? iL llernon L. lloartlev. preal
rt ij ,An,,?Il Insuranvo l'omian,
B t&taU i Wwaril llllllgan. prealdem f
fH. Wd ,vur,?.,;.c.! Company. Hartford.
!( in. nlJlUmi. vlco president of
n S5,iS?,unc Company. Ilartlord, Lonn,
i .rSJ atatea that tint nrp.iil nffl.
tmhl'u rlufci?!?.. a.n1 K"9X nallroad Com-
SMled tlS. 'oc,l"jolder. Therefore, nrolea
fca,T.5.. Oted for th nlrellnn ni Inde.
"nl lSS.l,,.1.e nnual meetlnz of tha
.ITu i-l'.f Hallroaa Company on Juno
ifrssti.'!'x:i
laa i4.4i... ',".'' iui i"
H T."P.' W lent, per ur
uilMkaGi.. im la iluo llorr a
g-'waiMer, for Mvera yeaM ,M8t.
rREIGN EXCHANGE
i omeTaifZ W-ForclBn etchan.e
"" ly, with demand. sterling
Sterling Franea. ifnrVi nM.ra
4 Kni r ti.. -T.-..r t "r'.-'
.-yi u.oiA
Am Unseed pf ggjj
" i.ucamouvn . .
Am Smelt . Itcf . .
Ambnuff
Amsieel roundrloi .
Amsucar tleflnlnsr
Am Sugar rief pf . .
Am Tel A Tel . ...
Am Totacco . . .
AmTobpf new
Am Woolen
Anaconda Copper ...
Alch r&SF
Atlantic Coat Mno .
HaldRlnLoco
Italllmoro & Ohio ..
nsltlmoro ft Ohio pf
Hatopllai Mlnlnn ...
Hethlehem hteel ...
HrookljnrtapTran
Ilruntwlclc Term ..,
Ilutlo ft Superior . .
Cat Petroleum
CM Petroleum pf . .
Canadian Pacific .
Cent Leather Co .,
Cent Leather. Co pf
Ches&Ohlo
Chlno Copper
Chicago Otcat West
Chi (It West rf ....
Chi Mil AMP ...
Chi Mil A. St Ppf ..
Chi & Northue.it .
Chin I A P
Cluett Pea A Co rf
Colorado Puel A. I .... 20! i
Col A Midland pf 4.14 ASH -I.Tj
Consolidated Oas 120 125 123' f 12tf
continental Can 01 50 50 59
l onllnental Canpr .... 00 0.1
Corn Products Hef .... 124 12
corn rroduct? Her pr . 7iUi
Cruclblo Steel Co .. . 22!,
Cruclblo Steel pref . . 89'
Cuban-Am Sucar 57
Den A Iilo Cfrande .... 8
Don A Klo Orando pf . 15
Distillers' Securities ... 12'a
DulSSAAtl pf m
Krlo L',i
Lrle htpf 1(1
FcdMIn ASm 12h
f Jen I hemlcal pf 109
General Hlectric 151' 151
Ocni-ral Motors l.'iO 137'a
Ooodrlch II F Co -I.'l'j -i:j)a
(ioodrlchll FCopf .. 102 102
Oreat Northern pf ... 110'i 117
(It Ncfs for ore prop ...'ll'i :i2'i
Ouseenhelm llipl'n ... 50' 57
Illinois Cent
IntllarvNJ
Int Harr Corp ....
Inter-Met ot tc ..
Inter-Met pf
Int Steam Pump ..
Inspiration Copper
Kan City Southern
Kan City So pf ...
Krcsun Co
Lack Steel
Laclede fias
Lohlgli Valley
Lleeett A Myers .
lx)ose-Wlles Illscull ... 21 20h 20
Mackey Cos 80 77 7i
Maxwell Motors. 47H 4GV -MU
Ma Motors 1st pf 82 81 71
Max Motors 2d pf . . 3S'i 3') Wi
ilaj Dept Stores pf.... 004 05 111
Mexican Petroleum .. 75 75 IiS'j
Mo Kan A Texas .. lUJa' l.Vi 12
Mo Kan AT pf . . . 3- 32 31
Missouri Paciric 13 13 124
Miami Copper 21j 2tl 23
Montani Power .. . . 50 !8Ja -17
National Biscuit . ... 117.4 117 117
Nat Cloak A Suit pf . 100 1054 1054
Nat Knamcllnc A- S. . 15 144 II
Nat Lead 584 50 53
014
114
75
18U
81
51
11
13
II
8H
224
37
11
10S4' I0S4
118 1 18U
125 l.'M'i
10 -104
102 102
1114 1154
30 304
5I'C 55
1004 1064 1004
1114 00 no
70 70 70
17"
014
234
81
51
114
13
124
84
254
10
11
10S4
914
j24
75
20,4
81
51
11
13
It
84
214
38
11
104'
074
.10S
. 95
. 70
. 11)4'
. OS
. 0
2V,
. 204
. 594
.135
114 42 41
.102 1014 1014'
131) 139 .135
.2224' 220 220
19
Oil'
. 1
284
204
59
'a
254
59
2(1
254
584
1294 1274 1274
11
1014
1354
220
20! 3
77
434
70
304
95
704
12
31
124
23
47
117
1054
14
554
New York Bond Sales
2 4U
High Lo. 1 m
1000 Alaska (lold cv C ...Mat 14S lull
to ) Ahitr akt ii .. . w w na
1UUU Amtr iei clt 4a .. .. !H le I'sjn
1MMI 00 ct 4' UUi Im;i mi;,
1014W Atchllon o 4 1U65...0JS .W Wi
lf"J!V 00 tv 4 1UU0 loo loo luu
lruuo Allan Co Llnit 1st 4a . t'-! l' a
Aouo da clt 4a 8i!a Mi s7i
WMI Bait A Ohio 3Vi VIU Vl'a VlU
31SJO ao 4a ., Ms KWS fj-,
ilKW do v 4Hn H4 83 5
if'OOO neth steel 1st 3s.. . .UO lli Itu
awno tio rid 3a in w). iou
"KM Urook Hap It ts MS. 1W. H'J;a !
low Hrook Un Elv 1st 3 OuH InJvs lUn,
H'UW) Uuih Term (ten 4s . . M H3- M'4
lwo cal Oa & tleo f.s . ill. til HI
sow Canada Kouth Ss ...I04)i iuim iui'
WO cent Leather 1st Bs .. 9t W WU
2til Cent Pac 1st 4. ... S74 !I atV
(XO Chea A Oh cv 44.... 13 i3 74
XfUK
tMnt Chi A East 111 tta l1!
li)0 Chi tc East IA 3s T
Hjoo Chi Ul West la. .. . tTO'i
.WO Chi & Nwn -xt 4s .. H
2imi Chi A V lnd 4s. .. 78i
Cluio hi u i. Q mint 4a . Ml
fiilisj c M & St 1- cv 8 ret loS
on 4
Ml
)
Ill
74
U!a
lOJ'i
iui 4
M0'
HIU
4S
7il
01
01
07 14
H74
ll)"s
.'il'j
lK,
no
11:
hw c m & at r cd rs ...loi.
liOto c M & St ! cv 4'!9 . l';s
2m 0 Col & 8oulh rof la.. M4
B.1O0O Con Oaa cv n 114is
mU-s) Ul A JtUd 4s -lll .. Wi4
21.4V Uen ft 11 U 4a 4
loOOO I3an fc M (.1 tld 3s . 4S
21". O fjn & 11 41 3s .. ill
tofin I la Becur Coin 3 .... 1
UKXI Krle com 4s Her A... "'
0000 l.rle conv 4a Ser U... 0.4
lino ru ft Bast Co 44-" S71.
liouo Hreen Pay ns . lot
two den nioc deb 3s . . .1014
l"oo Hint Man In 3s ZH4
.hiO Hoik Vnl 1st 44 W'j
1(00 111 Central 4s 30
Sllinon ln Cmt rv (. 121
4-.0OO Ins c ret 3d pd Cs "10.1 Ift'i 11
27000 Interh Met 4Hs 734 '3'j
mooo Interb n T ref 3e . . 094 '"'
liooo Inter Mer Mar 44 ..41 II
ihw Inlernl Paper n 1004 lorn,
Hl l,nrlede Una 1st 3a . .101 lol
2IKO Ich Val of X y 4i5s Wi"a W'i
4000 l.ln M T S . ...1004 H14
"oo l.l s II T T ii'a
2ik) I.onir Island la . .. '14
ninoo ixirlllard 3a . ..loo
I0CO Ixirlliarrt 7a 1!2
I" 00 Loula fie .Nash . . 01
NSW Vinbntinn sir 4s nl4
40011 Mn Kan A T rfd 4s . 31
2VHI0 Mo PftC 4s . IM I,
lO'iO Mo Pacific eona Ca 101
2II0O Mnnt Power 3s ... 01
l"00 N V r I. s .1'jS 71
20T..IS1 N V ' A Unci Us ret tC2'a
.MIOO .V Y l' 1 1 lid 41 jS .. 10
looo ,V Y I'll la ItiW . "14
111 On N V City 4is turn 103
IOiir N Y sins 11 A P 4s.. RIS
loom .v V N It ft It 4s nt'i
20IS1 N Y N II (Is ,110
1000 N Y Rwy ref Is . 7J
P'ini v Y Itwy nd) 3s .. 31
new v Mnie ss im.i ..!"
vm
(
tW4
HI
74
Wl
1U"4
lid's
l
114 114'i
ir.iv vv-n
7'
ill.
48
711
111
M
m,
6i,
101
1014
.2'l
l 14
M
117
i.i'j
OS
II
IWl
101
!SI,
inos
I.IV, 12 14
Ht H,
too
122
M
OP
M
Oil
101
111
,r.'
1(0
122
ni
tip,
31
OPI.
101
ni
so
014
in-,
M
nit,
tins.
IHJ
4iX Xnrf X West CM 44s.ln2ta
uniai Nor Pno prior 4s .. il'ti
o ili uen r.s. .
10)111 ilr con r.s 01
soon rlro Knott I. ref 4a . . 01
Minn Urn Itv A V rnn 4a 1)1
limn tint Power Is .. .. M4
kiio I'enna c '14a 100
.TJMhw I'ennn ct ! 1.1i
700H lla Con Copper On .113
P.'Oiin UeaillitB ren 4s Oj1!
inon rtrpui cuin i '01 . n.
20011 l!ep Ir A S . ... Kl
inoi mi, fir X V .It Is... 72i.
12ICO itnrk Island 4n ... "IT
1204si iln rOI In . . ..
i :nno on 3s . . .
4Vh(i -cnl.-iarcl I, nil) 3
7fi South Poll r.s
nidi South ! Is
I'lTllin Smith Vnn i 4s
lnoro S I' r ret f P 3s P.l'll. HllS
.nn Kouiii rar ri.i is . -.
1n(s Smith Pnc T. rm 3r
linim otitli Itwy pen 4s .
loon Smith Itwy ion 3s .
TUS1!! Tl'SIIS Co cv Ca .
20in Third Am new 4 .
1XS1 Thlnl AMI nlj 3s...
Slum Tol I'eo A Y la
;nro f s nuhlier Bs . . . .
i.-iooo r S Steel Ss . .
Sinrii t'nlnn rar 1st Is..
coon t'nlnn P.ic r Is .
icri Vn 1 c A C 1st Ss
t-ino n Csr Ctim 1st 3a
2000 Vn llwy r.s
7(00 Wnliaph 4s .. .
CniiO Wnb-P Ter 2il ct 4
ii 1 West Klectrle 11
n-.nnn v..i ram cv 3s
200(i Wlst-on Cnt (ten 4s
I.IS
r.1 14
II V,
174
S21,
7IH-4
Oil
. ns'i
nos,
si i a
it
in-.
.102
nit,
ooi,
2
. II.V,
ty,
.101",
mis.
unit; nil 4
OH,
un
iiS
ni4
invi,
MO,
Kin
mis,
1021,
tip,
in
in
01
ii'j
too
111.',
1H4
tilt,
07
0.
'-','
MS,
(.IH,
r.n
i.-.i ,
074
s.1
si,
00',
S7
7!il
l!V4
I'M,
I'OV,
Sl'l
id'S
si
lit:
nn
tw1 1
i on.
2
i'.i,
HA't.
27
llll,
Mil,
101
IIS
lii-s,
102
014
Ol
111
ni
tin.
Inn
toil,
1114
lit',
07
-.!
Kisj
n n!
rna,
ii-.i;
7'5
SI
sia.
tllllj
l,-,l,
fll,
nin i
Ml,
ir?
101
101',
tw,
oni3
pv,
j;14
ini',
soi,
101
s:,4
SCHOOL PLAN SUPPOKTEI)
Nat Lead pf UO 10S4' 1084' 108.4
8(1 S'l 75 78
114' 114 134 134
1)44 034 004 2
854 8.5 82 844'
294' 28 204 2S
103 103 1014 103
29 284 28)4 284
Northern Pacific 104Ji 100W 1024 1034
Ontario SlltcrM 3 34' 34 34
PaclllcMall 20 104 104 104
New York Air Drake.
Nevada Con Copper.
N N 11 AH. .
New York Central...
N Y O A West
Norf A West
Norfolk southern..
Pacific Tel A Tel
Pennsylvania .
Peoples fias, C hi .
Plttiliurch Coal..
Plttshttrch Coil pf
Pitts CI' A St L.
Preseil Steel Car .
Pullman Co ....
Ry Steel Sprlne ..
Itay Con Copper .
Iteadlne
Iteadinc2dpf
Iteo Iron A Steel..
Itcp Iron Ar Steel pf.... SiH
Hock Island Co ii
Hock Island Co pf 4
ItumelyMCo 44
ItumelyMCopf 11H
Seaboanl Air Line 11
Seaboard Air Lino pf . . 30
bears Roe A Co 135
32 314 314 314
J074 1074 1054 100
.1154 1144 112)j lit
. 21 20 19 194
. 91 90 8S 88
. 70 70 70 70
. 144 45 II 12
1524 1524 1521s 1524
. 204 294 254 284
. 22)4' 234 204 22
.1424 1434 I38JJ 1404
. 81 84 S4 84
.'013 -v;i -) a -?
83 82
4
54
UH
134
35
130
H
8f
44
114
124
314
n
44
12! i
134
35
Court Upholds Will Milking Possible
Establishment of Institution.
A manual tralnlnc .school for bov.s anil
Kills at Pcranton, similar In lis operation
to Glrnnl ColIeKe. In made possible b n,
decision of the State Supremo Court to-
iinv upholding the w'Ji of Orlando S
Johnson. Tho latter 4t n million dollar
estate to establish anil maintain the
.school.
A question aro.-o over the attestation
.is wltncssefl to the ulll by Arthur II.
Christy. It ins contended he wns not
disinterested, nnd. therefore, not compe
tent as a witness, because Mr. Joluwon
appointed him n member of the advisory
board to work In conjunction with tho
executor of tho estnto In the establish
ment nnd operation of the school. This
contention was not upheld by the court.
Justice Elkln svroto the opinion. In which
the mnjorlty of tho court concurred A
dlfrentinsr opinion wn3 written by Chief
Justice Drown.
annum
ana
8-STi
82),
3U. .',.'
31 '4
; 4r BJis
financial and Comma
yews on Page 14.
I Priea given in the tables on
PM re the latest available
" V. The cloalnt? auota-
. W1 be printed in the ne?t
of this newinaDer. the
1 Edition.
131,4' 1344
M Louis bouthwestern.. 104 10 10 10
Southern Pacltlc 884 684' 81)5 804
Southern Pacific tc....l044 1014 1014 1014
Southern Ily 104 17 154' 154
Southern Ity pf 531,' 53 52 52
Standard Milllne 51)5 49Ji 48 48
StudebakcrCo 60) a 074 59 03
Tennessee Copper 30) j 31 29)5 304
Texas Co 130 129 120 120
Tobacco Prod p( 094
Third Aenue 49
Twin City 11T 074'
Union tlac A, paper. . (i
97 97
404 40)5
07 97
.I'
Union Paclflc .
0"4
.124)5 120
o;
474
07
rj'j 01
1205a 1234
Union Pacific Pf 814' 8055 804 804
United Itjs Iniest . ... 15 15 15 15
United llys Invest pf... 31)5 304 29 29
USnealljr&Imp 43 3S 38 38
Ubltubber 61 014 50 60
II s Hubber 1st pf ... .106,4,100)5 10(1 106)5
USSteel 534' 534 484 51
11HJH HKIlj 101 HH!
11 K Steel nf
Utah Copper t)Jj
VaCaroChem 304
Va Caro Chem pf .. 97J'
Va Iron. Coal A Coke . . 42
Vulcan Detlnnlne 10
Wabash 1
Wabash pf 14
Western Union Tel .... 054
Westlnsbousa Electric . 874
Western Maryland 24
Wells Karso Exp 07
Willys Overland 118
Wllljs Overland pf 101
WoolorthlfWCo....l01
614
2S),
U5
30
84
4
Da
614
84)4
90
117U 1U 111
1005i 100)X 100)f
101 100)5 101
05
20
08
39
8)i
4
Hi
f)54
89
22)5
00
50)5
28)5
05
39
84
n
155
044
80.4'
00
Accused of Robbing His Benefactress
YVciNhlnRton Hubbard, '.'I ytnrs old, who
says ho lives nt 1S01 Arch street, wns held
In DM ball for court todny by Magistrate
Carson In Central Station when It was
testified that ho robbed Miss Edith T.
Kurtz, a rescue mission worker and
music teacher who had befriended lilm.
According to Miss Kurtz, she tried to
help Hubbard after her nttentlon had
been called to him nnd she brouRht him
to her studio nt 10 South ISth street, on
numerous occasions to Instruct him. Sev
eral dnys aso she missed a pair of opera
f.lasses from n desk drawer. She reported
the loss to tho police who found the
glasses In n pawnshop nnd learned that
Hubbard had pledged them there. Ilia
arrest followed. Muis Kurtz refused to
bellevo him Bullty until It was made clear
In Central Station today that HUDoarn
had robbed Ills benefactress. She
alio was through with him.
said
NEW YORIC COFFEE MARKET
NKW YORK, May 10. Th cortee market
opened steady, nrai prices snovieu uuiii.... u.
1 to 8 points,
follow.
TraUlns v.a quiet. Frlcea
April
Slay ..
lJuna f
July .
August
uetooer !
BepUmber . . . . .
Noi ember
I'ecember . .
January ..
February
March ... .
Hid. Bale.
SUM baa.
feat'uaj'n
ctosa.
7.607 63
H.OUfiB.UI
,1'J 7.18ll.SU
7.1VfQri.l
7.20S7.il
7.SI
1 7.V7
T.:o7.30 t.
.!. 7-4S
To;a'i
openlnr
. 7.1 SS7.
.'i.'ij
fl7.VJ
5? 23
WIT.Jl
CtJLJT
Jft7.ll
7.(u
NEW YORK BUTTER AND EGGS
NEW YORK. Way 10.--DUTTEn -Market
Holier and uatllL recelpla, 6368 pckae.
extra SOHe , ilncr awrln. SOS30W.: 8tat
fJ;wi'ij
mi.iiii.i. nsarbv pite. 23W-ilif . uiixca
.:(ir ;t-iu. nearby browne. SSO'rac . ex
Sound Investments
Pennsylvania R. R. Co.
Cona. (N'oar lt) aitare. 4V4 llouda
These bonds nre secured by a
direct mortgage on 2115 miles of
road (of which 1903 Is n first
lien), the terminals In Philadel
phia and Pittsburgh; other real
estate, leaseholds and securities
of an estimated value o( over
(60,009,000. wJ
Price ni h "Market" to yield
about 4.37.
IlA.MCKItS
13aS. 13tli St.
foAzreR&Ch
I.Ed.ll. AnyEKTIgEilKWTa
ir-r5r mini saa. I13,
& Mr. JOHN THOMAS McUKAN, Is
Wellington Ht., )Veat Toronto, Can.:
Dear Sir You are hereby notlrttd that a
anal rule In divorce A. V. M.. haa been
(ranted agalnat you at tbo ault of your wife,
Laura May MeKean, In the caaa of Laura
May MeKean. ya ,Jobn Tbomaa MeKean. C.
P, No. B, June Term. 1SU, No. 718. and that
the aame will be heard In the Court of
Common Pleaa No. S, of Philadelphia Coun
ty, on Monday. May 24th, 1015, at 10, at
which time and place you may appear and
enow cauaa why aald divorce ahould not b
(ranted. Very truW youra.
JOHN It, K. 8COTT.
Attorney for Llbellant.
fil'KCIAf. NOTICES
irAT A bTATKD MKKTINU Or TIIK
,ts Hoard of Dlreetora of Tha Protldent
Ufa and Truat Company of Philadelphia,
held Fifth Mouth 10, 1813.
PAHKKH S. V 1 1,1 JAMS
wu duly elected a Director of the Com
pany, to aerva for the unexpired term of
William Loogelretb, deceaaed.
C WAIrpK BOUTO.V
Secretary.
STEEL STORM CENTRE
ON LOCAL EXCHANGE
Baldwin Shares Depressed, De
spite Reports of War Orders
and Building Expansion.
Tremendoun trading In United Slates
Steel shares overshadowed nil else on tho
Philadelphia Stock Uxchange todny. Total
sales of this Issue nlone approximated
20,000 shares, with n range of fluctuation
from nhove 62 down to below 49 and back
to nrnumt Ct. Out-of-town selling orders
appeared at the outset, but for a tlmo
support was forthcoming from the post
biokris, and commission houses nlso
bought moderately.
The news that the Ilnldulu Locomollio
Works hnd let n contract for another blq
building nt the Hddj stone works to io.t
In the nolghbothood of jym.OOO, failed to
stimulate tho sluireH of the compnny, de
spite the Implication thnl the company
must lime rereled or expected to receive
some laige orders In fact, both Haiti
win common and preferred declined, tho
foimcr brenklng more than 4 points, l.c
hlgli Valley Ti action preferred nlso suf
fered. Tho trartlon stouks continued their
downward course, both Union nnd Itapld
Ttnnslt making new low lel on light
lales Cambria Steel nlso slipped back
sharply, whllo Lake Superior, too, ruled
heav).
After midday prices grew weaker. Uni
ted Cla-) Improvement declined nearly n
point and Union Trartlon fell to 31
Uleclrlc Storago tlattery dropped more
than a dollar to 431.4. while heavy soiling
of United Stntes Steel continued. In tho
late dealings tho mnrkct began to glow
sle.idlei, mid model ato lecowrlcs oc
curred. Tho heavy subscription to the now
rcnutvnn!ii loan, despite the critical
developments of tho lnt few ds.is, was
a matter of considerable favorable com
ment among the bond dealers, who as
serted that It Indicated under ordlnnry
clrcutnstnnccs a large oversubscription
The principal stimulating factor In
bonds continues to bo the oni lone of
tho money market It was Icnincil today
th.it only two Important Institutions hnd
not ict reduced their rates mi tnll funds
to .Vfe per cent., nnd oven tho savings
hanks were charging the lower llgure.
Some brokcrngo houses hasn nlso been
paying off loans despite the recent In
eicHscdactlvll In stock transactions
The weekly statement of tho local b.inks
gave over.r evidence of the flilldlti of tho
monetnry sltiintlon here. Although loans
PNpnmletl oier n million. Individual de
posits lnci eased nearly sl millions, nnd
tho surplus wns mot.- than a million
larger.
Financial Briefs
NEW YOKK CUUIt
ISrailcri
Hrltlfth-Atmrlrnn Tnbaen old
HrltlHh Amerlciin rnb.iein iipw.
Cnldnrlil Cniitiill. l.ilc . .
llrernn CamnpH
Iji Itose
Ihlnh Vallry Cnnl ,S3lea
N'lplaalni;
Otis Klciator
Otis i;iiator pref
RtUrr-HeBeman
Sterling; Hum
Tnbni ro I'rotluils
I'iiIipiI (Msar Stores
I nltl riKir Smria pref
t'tiltrtl I'ront ShirliK new
Worbl rilni
Yukon Ooli! . .
III'! Aakrrl
I.V, lrti3
11 17s
li3 I 'i-iil
57 .".i
"6
W tin
.v, mi
ill, 7.1'jr
l til
il', 7i
..Hi !
nn ir.
I no tin
i'i
OOVEKNMEiNT BONDS
'.' n' liin rralslrrpil . :
Ca nf ll'to .nunnn
IMnania 2a registered ,
I'nnnnn neu 1 rffflsterd.
I'nmiim new "s roupou ....
t ot HUH rctistereil.
In nf IMA roupon
Is of IIC' re(.lstenil
in nf IP::' couron
III. I
. . HT
lis
. 1171
ini
.1111
mil, inj
1011,
. .loin' no
11m, .
Sake!
(1ST,
inr.
The Mew York banks g.ilned from Sub
treasury Saturday Jl.nis.noo, nnd slnco I'll
day 2,ora,00).
A plan of reorganization for the tnter
nstlonnl Steam Pump Company has been
sgreed upon by subcommittees of the pro
tective committees representing the bond
holders nnd stockholders.
There has been placed on th regulnr
list of the Philadelphia Stock Kxchnngo
WW.noo additional Ainerlcnn Telephone and
Telegraph stock, nnd t.W additional
American Oas nnd lilectrlc coll. Ir. f per
cent, bonds. There ha.s nccii stricken off
tho regular list 1250 n. C. A. stock and
J78,OOU Oenernl Asphalt 6 per cent, de
benture bonds paid oft April H.
National bnnk circulation for the week
decreased e7,&1,01l.
The Public Utilities Commission has ap
proved the Minneapolis and St. Louis
Hallway Issue of J3S1.7fpO preferred and
f2.HI.5on common stocks for part pay
nmnt of l)es Moines nnd Tort Dodge Hall
road. The National Hank of Cults, nl New
York, has received J1.OCO.000 gold coin fioni
London This Bold will be rehlpped It)
Imnnn
Uro losses In the United States nnd
Cm 1 nti. 1 during April nggrcgatcd lS.l0,3:o,
compared ulth lT.7r.S00 a jenr ago. l'or
four tnnntlis ended April SO tho losses
were J"i).lM.wo. In 1915, SS 1G2, IV". in 1911,
and 176.527,100, In 191.1
According to Urtwnrtl It Smith A Co.
sales of Amerlran stocks from nbroad
hnve lurrensed. Such ordeis nre iccelved
by American houses with foreign connec
tions by ciihle nnd uv mull the actual tie
lliciles being made Intel. Selling f
stinks foi the i.ecomit of Unnllsh Iniest
ors Is not mtlve This m.ij nlsu be snld
t" itpplj tn the selling that comet fioni
Trailer Miiuldntlnii nf Ueimnti anil Aus-
tio-iinvi,tinn holiilngs through Amster
dam Is the largest factor of this nature.
At the nniiiuil meting nf slOckboldeis
of tho t'f nns Ivnnln Steel C'ompnui tlirt
following the retlied dltectors wcie re
elected foi terms of three enis IMgnr
C. Kelton, I'lnncls I flowin. Mlllngham
H. Mori is, K. K. Slick nnd Unink C
Smlnk.
The Liverpool Cotton llschiiiigc will lie
closed on Mn 22. 24. 2S nnd 29.
The Fnuith Street Nallonul Hank Is
the Philadelphia member of tho sndl
calo orfcilng the 52",Wi0.fi(lO r-,c.ir fi pr
cent. Atgrntlni' loan nt !9 nnd Inlertsl
The bonds nre dated May in. 1915
Ofllclal Tiensiiiy UnuieH show that cot
ton exports for tho week ended Ma S
totaled 131.71.1 bales.
I'arker S. Vllllntns was cletlcd ti
dliectof of the Provident Life and Tmst
Company, to fill tho unexplied term of
William Longstrcth, deceiised.
M U DeAitgero wns 1 e-elecfd presi
dent of the Conolldateil Stock Uchange
and nil othei olllcers h.ive been te
eleeleil KAILKOAI) EAItMNCS
WAIIAS-II
1!U. Derreane
Mnrrh uroaa .. .. ,J.nHI "Ml $11.1.101
Net ... .. IW.iKr 1 l.'Sjr.
NKW "OIIK, C'HIC.MIO AM) ST. I.OL'IS.
Sales in Philadelphia
ton Us Id I.oco
ii no pier . ..
11) Col Kuel
n0 Lhio BlicI
400 rhino Coiper
"rfi Cent leather
.'.! Fe Htor .
i'i Keurtn M ilk
Sat iloae
4H'i
.. .101
4Si
5Hi
...' tlrn Aph prf! 6i'i
1 -ii Uo-iilrlcli P 11
lli lnii Conner
an Ini Co .N Am
. wi Kej 'Iti c'o
ItllO l.nkH Bup Corp
41 t.eliiith ,;nv
:'J lrcMub Val
.1 la Vnl Tnnalt.
2..') 1I0 pref
, 4 Little s-ehujl
100 Miami Copper .
M North Central.
Ill N Ont ft W.
10 Nat W.i ..
"." I'enna ....
S2 I'fl Hull Mf .
..1 Phils Co ... .
I'll I'hila Clfc . .
1 I ft T tr etfa..
in I'hlln Trac
iii nav cona
:;s Huidlii ...
10 IM I'acirie .
Inn So Itwi . . .
rst Ton .lllnlng
1TO1 'Ion Holmont
Hn T, n n Cupper
1n t'nlnii I'ac ,,
iV1 Union Trae
.174 I' II I
HIM c s Steel
lid Westm ( n.11
ll",
.,,
I
il
I4,
27t4
M'i
SI
I2
!''
241,
S
High
in
loo
T
&
r.t
2HI
i!i
4l's
20..
21 1,
IJ
7
71
Mil's
II
2HU
ll
KM,
r.s
Ml,
PI
.1.1
21
U
. 71H 71 .t-M
s"
111
.7 1-10 7
.. .. no
,. .. 12)
1.1
. s.1 1
'VJ!"
ItO.VIJ'.
Le.t piev,
aaiv.
Low.
il
lis)
2I
HI
4IIS,
:is
4!"
:(i
IHi
JlVi
ir,
T
2S
S4j
jsi,
s
M
in
3.1
5MJ,
.''a
71
'H
70
S7
in
7
4
311
fit
.1IIJ,
4H
111
2 III
S4
I... I
M,
4,
40
.13
r.u
tsn
tllii
fi
IJ
t.si
ss
sl'j
2SVi
r.s
r.i
ul
.t.i
ii
A
'.v,
7II4
7
in
7
4
JiM
au
Ht
TIMID GRAIN TRADERS
DRIVEN UOM MARKET
Government's Figures Indicat
ing nn Astonishingly Large
Wheat Crop the Cause,
2 40
ltltli. t.itu. n.111.
i.iiii , u iv K 5S.. si, siij l e
asl lH.th Bteel if. ill) Ilia llti llu
KKJU l.eh V Tr 1st .la.lUJi, IIW 1021 , n2W
tlmil Market St I'.I 4a i'2'3 Uii, i'2Vi I''a
lJ") Hi. inn !'. m I0I, ln.li, iui', W,t
Hl I'nila i:iei- 4c . M 7n 711 711
lm ilo ;,a .. . 101 liil'a HU'k lUl'a
1iki 1' H W in 4a U7l, OS US ls
iijon spn Vtn Ir Cslulli mi Ml Ml
a mo I ti Itn.s t n 4a 7I "I!, 74 T4B
tlii HXVil' Ren 4a 7(P 70ij 7iUi 7h
corroN
Ni:W YORK, "May to -Cotton opened tlrmet
this tnornina. l.lierttnol reported rontlnetitnl
billing In n atnatl muket, with not much sale.
After Hi flrat quarter linnr the market was
n(T reiernl points from the opening As on
Katurilav, there uaa eiUtence i.f buying at
cuntracia n apinneta.
yat. cloe. Open
uni . 11 -j.
.It.ll ... . II 17
notol.er . 'I S7
l.ecenibor . In.nn
Jnniinrj in in
Mnrch . 10.12
i) :
11 .VI
11100
111 in
III 211
10 4'.'
11 .10
n in.
11 IS
n si
11101
1000
12 10
p.m.
lips
10 00
2 30
p in
n'-ii
II.IW
n ss
p.w
MAJORITY OF P.R.R. BONDS SOLD
Ktihn, Loob & Co. Announce Over
$58,000,000 Have Been Taken.
NH1V YORK, May 10. Announcement ws
mmle hv Kuhn, Ih A Co that nf the -OfHiinn
KMierul morlgnge 414 per cent, lonrli
nr the IVnne Unnln ItHllrnin more than J1S,
ni.nto of the bonds haa thus far heen not
Su!i. rtntlntia for the remainder, lees than
?7,cirO.rn0. nil) be recoiled until the clne of
litslnesa tomorrow, unleaa they ro prenoual)
sol.i.
I'arlt Tran.sporlntion Affnirs
'I lie cuiirt decree for the wile of the prop
el ti nnd tisnetH of the ruirnioiiiit Purk Irana
riirtstlnn Comiianv orders the entire prnpettv
ot tlm rompanv to be nold on or before June
.'." The property la to be sold free nf nil Hens
nn. I Incumbrancer i-xirpt the firm mnrtgoiie
bond lento nr S7.V).(Kin Out nf Hie prncerda
nr llio sale there shall drat be paid the re
cclum' certificates amountlno: to SSil.oi)1)
ivhl-h nrrn dated March S.1. lull The de.
irpM Minn ntltbnrlretl Die rclMr In .nnttnup
' the oierntlon of the property until the sale of
111" tnmpan is erfneien
MMnh gnus J'l .3 M'i
Set 121. IPA
Mnn monthH gtos .. s.lsl.liu
Net l.tll.JM
I'lJKIJ M.WIQI BTTi;
Mnrili Km I.lvi.Ts.'
Net .N'i.,111
Nino month' groe . . 11..17.1.4M
Net 3,'.'( ti 1 1.1
Incrcaee.
J7.'. Ii 11
SI, 11.1
Ill4.li.1ll
SS, US
ii..171
Itll.lVKI
iiim.t.ii
.'.'1111.47,1
DIVIDENDS DECLARED
nunrterli I, per
Ma .1 to atock-
llerculea PomiPt Comirini.
cent on prefirre.l. paiable
1101 ten, nr record siav 1..
Deer1 tr Co. regular ouarlerlv per rent.
1111 preferred pus able June 1 to stock of rernr.l
.11 a 1.1
llomertnko MlninK Conit.ans. regular monthlv
ill enH, pai able Mn SI to atnek of reenrd
Mn :,
American Ilalluaja Cnmpam, regular quar
terly I1, per cent, pnahle June 1.1 to atoik
of record June I
Pl'tiburgh. tttaicmer anil Lake r.rle Itallroa,!,
rigulnr eemtannuat 'I per cent nn preferred
pninblo June 1 to Mock of re"ord Mny 1.1.
CHICAGO. Mny 10. Operator confront
ed by the 'lovcniinenl's report pretllctlngr
n tliouannd-inllllon'bushel crop Arc In a
niiandery. Whllo the market opened to
ilny fairly steady, none could forecASt
how Ion? It nould remain (hat way.
A pessimistic nentlmtnt for further
future decline nppenred to prevail. The;
PURsestlon conrailned In tho Government'
report thnl the winter wheat crop alont
will total C03.000.000 bushel Ii atn?gtrln.
It has driven out of the markat many
Irttld fipeculatorn.
U'nlerB evidence Is presented proving a
inntcrlal lowerlni? of the magnificent
pioiulie, the price will return to horrral
levels Immense buying powers, both In
domestic nnd foreign trades, nre neces
sary tn prevent It
Ijack of exrort orders was partly olTset
by ntoie liberal country offerings. Farm
ris. however een though they nre fa?
ndvanced with their sprint: Held work,
nre sitting tlajht nnd decline to sell freely.
Hentlsh conditions confront operators
on nil sides Mny wheat opened al W
cents less than Saturday's closing price-,
lenped nt one tlmo to J1.65 and then
slipped back to Jt 52Vi. with n weak under-,
tone. July opened nt I J74 better than
Saturday and decended to 1.2!4 July
opencc at 91.30. or H advance and dropped
tn tl 1SV Hoth are Inclined to follow the
lUti'tuntloiiH of May. Corn nnd onts ar
being led by uhent.
Mnit foreign countries report un
fnvnrnble nenther conditions Ilussla Is
nnntiRlnK to export 14.000.CO0 bushels of
wheat through Archangle. Temporary
elcvnlors. storehouses nnd moorings are
being constructed. Owing to the scarcity
of essels to carry the grain It Is believed
thnt It will require two months to move
It
The Liverpool market reflected the.
bearish American conditions. Spot wag
easier selling nt n trifle lower llguro.
The cargo market continues nervous.
Itecent American purchases are expected
to udjust conditions.
I.t-a-llng futures ranged na rolloua:
When- Open. HlRli. Low. Cloae. 6f fo?e!
.'.if. '-I !'HJ.
""'? . ii I..,
,l.; -' I l"n
lorn inn ncuiers)
Miy
.iui ..
hrpt ember
(T.ta
Miiv .
Julv ..
Kejit ember
Lard
Mitv ...
July
rfeptember
Hlha
.Mbj ..
.lull .
September
Pork
May lull
September
U'
X'
I.4IIH I.M14 1.S.1U
1.BSftl.2H IM
J.lIllitl.lllM "l.loS
74U
tTTti
n j
.10111
10. a
in 11
.10.111
1 7 no
IS 111
is 47
lilil t.Xuknl
Ml,
.VJ3l
411
OHJ
II 11
10 10
ton
in ro
10 in
t7.il
is in
is .IJ
a
0ia
.11
S'k
US
ii2
t74,
70;
7..I
KIT,
ja-i
II. VI
(1.7.1
P. BS H.75
P.H7 40.S2
tll.D.1 10.02
10 20 10.2.1 10.32
M..TJ tlll.1.1 10..13
10 III) 10.7.1 HI.S1
17.10 tu.ra
17.111 IS 00
IS US 18.42
17 7.1
IS 1.1
BANK CLEARINGS
Hark clearlnga today rnmpare.l with corre
spoil llns day last tun eata
1 t'ii.1 mn inn
Philadelphia n.4 ll -.11 fsninnil ?2i,i77.nvn
loston insidtiTd is.i'r.7.777 in.sri .117
LIVE STOCK QUOTATIONS
f'HICAOO. Mliv 10 HOns. Recelpta. 2S.0OO.
Market atrona:, f.c. luiver. Mlaed and butch
er". $7.:tfWi 7.117 aood boa. H.tKI87.70i rouah
l.eniv. $nial4J7l6. IlKht. IT.2S97.7u, pl;, IJ.M
litillHi bulk. 7 Iliidt 1 ."11
C.vrTl.i: -r.cielpta l.i.noo Market aieady
and lilRhcr. Meeies, Jrt.R.I'ffR, lowa and
bolfere. 1 1018 (.."., Texana, fu.K.1H(l.;flJ, talwt,
f7 "irfiH
J,r.l.l -i.vt.ii'... . .."". ....ncv v.u,l
an I luc lUKner. ,nuin
fi no, inmns, i.'.thi..iii;.
nnd Wealern. J7.00U'
BAR SILVER
Mav 10. Par nllver oat quoted
LONDON
In Ne York the price of commercial bar
alher nn .".oi and Mexican dollars ISlj cents.
pence, off 1-1 fl penny,
2S?000,000
Government of the Argentine Nation
Five Year 6 Treasury Gold Bonds
Dated May 15, 1915 Duo May 15. 1920
Coupon bonds in denomination of $1,000 Interest payable November 15 nnd May 13
Principal nnd interest payable in New York at The National City Bank of New York in U. S. sold dollars
of the preaent standard ot weight and fineness.
EXEMPT FROM ALL PRESENT OR FUTURE ARGENTINE TAXES
Theao Treasury Bonds are issued under authority of Law Number 9468, dated January 2, I9M, and Law Number 9648. dated
February 9, 1915, which authorize the Executive Power to issue a total amount of 80,000,000 Argentine gold pesos (equivalent to
$77,760,000 United States gold or 16,000,000 alerting) for the purpose of furnishing means for the extension of the Sanitary Works and
water supply of the Federal Capital, The immediate issue consists of the $25,000,000 now offered in the United States of America and
5,000,000 offered in the United Kingdom of Great Britain. Both the sterling and dollar bonds are of substantially similar tenor and content.
After May 15, 1917, sterling and dollar bonds will be interchangeable between London and New York at the fixed rate of $4.86 per
pound sterling, the expense of any new stamps which may be required, to be borne by the holder.
These Five Year 6 Treasury Gold Bonds are the direct general obligation of the Argentine Government, whose
faith and credit are pledged for the prompt payment of the principal and semi-annual interest as they fall due.
The text of each bond is to embody the following three clauses:
"For the purpose of furnishing means for the eventual replacement of the present short term
Treasury Bonds by the issue of long term bonds, the Executive Power of the Nation shall procuresuch
amendment of Laws Numbers 8889 and 9468 as will permit the Government to assume responsibility of
and endorse with its guaranty the bonds or obligations which the Board of Sanitary Works is authorized
to issue in accordance with those laws. When the amendment has been obtained and tho issue made, the
proceeds thereof will be applied to the redemption o f the present issue.
"Until the entire loan, of which this bond forms a part, is cancelled, the Government of the Argen
tine Nation will not agree to more favorable conditions as regards security for any other loan whatsoever
without securing in like manner the principal and instalments of interest of each and every bond of this
loan. Loans are excepted which may be raised for industrial purposes, such as railroads or petroleum,
and for which the industries themselves may be encumbered.
"When the amendment of Laws Numbers 8889 and 9468 shall have been accomplished and
the attendant issue of bonds or obligations shall have been made, the Executive Power will retain in
his control, as security for this loan until its complete cancelation, an amount in money or of such
bonds or obligations equal to the amount of the present loan."
From the proceeds of the present loan there will be retained by the Bankers, funds sufficient to pay off $5,000,000
Series "A" 6 Gold Notes maturing December 15, 1915; 5,000,000 of short term notes maturing in London, September 2:
and 3,000,000 maturing December 15, 1915. The balance will constitute free money available for further construction
expenditures upon the Sanitary Works of Buenos Aires.
Additional bonds are reserved under the authorization of the above laws to refund the $5,000,000 Series "B" and
$5,000,000 Series "C" Notes maturing December 15, 1916 and December 15, 1917, respectively.
A circular giving additional data may be had upon request
We offer these Bonds, subject to prior sale and change in price, at
99 and interest
Interim certificates will be Issued en or about May IK, pending delliery or definitive bonds.
The Fourth Street National Bank of Philadelphia
The National City Bank of New York Continental and Commercial Trust and
Harris, Forbes & Co., New York Savings Bank, Chicago
Guaranty Trust Company of New York Illinois Trust and Savings Bank, Chicago
Mellon National Bank of Pittsburgh The Union Trust Company of Pittsburgh
The First National Bank of Boston
Tie. above ilataeiaaU sura bj4 on data. ritl from fficUl toarcsi. We tU ot iuiuIh. bat bliT tianr la b cerrcct.
WSjMsffjIir'yJ
ftihSSlHc twI packed.
.Mgiupp
firm.