EVENING LEPqEB PHILADELPHIA, MONDAY, MAY 17, 1916.
11
fElSK ADVANCES IN STOCK AND GRAIN PRICES GOOD DEMAND FOR CAMBRIA STEEL SCRIP
IPJER RECOVERY
IN NEW YORll MAUiUil
i..i..n Wow TifinflcrB.
&jit srt tno "
fcortten Selling Checked Up-
Iwiird Swing.
.. ...... i?Th International
1.. ....!ri,l nbout by the alnltlnr?
Mtiu)" ,. .. roanrded In a moro
W !m light by Wall street today, nnd
Buottbl light ,n,t,.i mAda
r!'0! n cov-ory from the ml-
E ""'V! ii.. .hnrt session on Saturday.
& .as i more cheerful fcellitR ovary
VW. Vndt was believed that Germany
Itf'fM.ke very conciliatory reply to
t.Tflhe United States.
"'nverent, It was nrBucd, the market
RS affiled the worst that coil d
illld ."c . '",.. nini..Bnm!nv news. In
iiVin was favorablo from tho market
fel f oT'vTew, and there was a disport.
PS in regard the safo arrival of tho
I? mmItmK as a strontr bullish factor.
lW",yi!f.it. nnnned stroniT and active
Rj there was Good buying demand,
P?1? r".A ... ,nmn chiefly from areo
-men 5' '" ,,.. nccumulatlnK
Ww" !M steadily In tho last few days.
5inMS ranged from a Rood-slzcd frac
Ks much as 7 points, the nrgeit
iitn being made by tho "war stocks,"
Kick assumed the leadership as far as
Knees were concerned. The moat
S shares, however, were neadlnp; and
!t common, and both made substantial
W!n5-. ,,, a rcnllzlne sales made
VlrPPcaranco at the higher levels nnd
iS unward movement was checked,
ftM "P""'" . h,m.. tho ni.,1, but
flSitt any grea extent. The stronrr fea
Kits were Bethlehem Steel and Stude
c titer the former rislns 7 points and tho
glitter over B. Somo of this was lost bo-
itlt itrenglh In Bethlehem It was reported
! receive additional war orders from tho
r-, Allies. ,., ,. Mt,-, niiAtA.i
Sdown. Thcro was a very llfiht demand,
f but JBtOCKS rcmnincu suuiit;, lumu'in
'Vime 6f tho early Bain was lost. A
f ,.-.- M,ltnn trna nrlnntnrl. nnrl It
''wis tho opinion of many that very llttlo
t would be done until tho reply from Ger
many to our noto was rctcivcu.
; In addition to tho "war stocks." the
A t,x,ttff,o n'nrA atrini- nnrl tnntf
t Cupper oimi-o .... u..wi.nt ...... ...rf
f.ikowtti cood cnlns. General Motors
1.'.-.... IM tn- ..nils, n lIHin nHpntlnn hv
iriilnff pearly 10 points, some of which
Stria, later lost. Tho Street rcBarded this
litrong gain as largely duo to the fnct
Entnrday. Tho market closed fitrontr.
LtTraalnB wrb nut huiivu.
t-New York Bond Sales
High. Low.
.i;ia jsi
:'S
U!t
in1).
BAM Altakn Gold cv nq.
1.500MI Arar Smtlt Sec Os.
WMfJp-Amer Tel clt 4s...
-jooo.Amer Tci cvt 4Vj
iKi Atcmson cv -a iioo
) Atchlaon cv is ivm,..wuyt
i Atrhlnnn rv Tim lfllT 11)01'.
nmOAtlan Co l.lno lt 4s.. nlt
r 20uOAtnn Co L, nc rit in. . hh
iflOOODilt & Ohio ,T,iB....
nuuo it v un cv 49...
S MOO Halt & U Swn ilUs..
I Vim Beth 8tPd rM Rs
r ww urooxn 11 'it oa -in..
S00O Cent Leather 1st Aa. .
EjSOOCent I'ac liit 4a
. uj unca & unio cv iva.
' UW CO .3 IIIINJ
stow cm & La.t in sa m
!MC0Chl Ut West 4a (tsVl
liw Oil B & Q Joint 4s . . U5$
ft
111
eu
87'4
in
till
74(4
WW
101)
10UU
lll'l
pn
ti
Vi.
win
mi
S7Ji
74(5
li'i'a
llh
ISW
ti3i;
Cloao.
1:15
10416
8Vi
Wit
0.1
loo
lOOii
Wl
tms
87 13
til
wn
tl'J
S7
,74h
Hi4 hi
CS
ICM&Sti' cv Gs rct.lOj 14W 1W
I rlA .1. f. liJ. VttL Ml
.i(L
.llli
7JX
sy'.i.
ltuvl
Oil
liu
do 4a
Itflfl 4rt en .t.
: MOO ilo ev 4U
IMWIOCorn I'rwf'icts a...
IllOOO Del & Hud 4a 'in...
sl'JWiitn inn ur 4a...
1 1000 Detroit Knlro.l 4UI.
-TOOOErle conv 4h Scr'll.. 3!
. 3HV thrift rtrlor 4s hi 1 1
'COOHreen l!av Ua lft'l 12V4 lO-'l
r KW Hud & Man In 6n .... 2(1 2M 2il
t M00 Hud & Man rfd Ba.... 74V4 74U 74'i
;M00Ioa Central ret 4s.. sit KZ mil
t 1000 IrtWfl Central Ka fi.t N.t ft.t
rilOOO 111 Cent 4b IBM Ri4, 82',i S2
UMWlIt Ccn & St ! D 3..1S3 llil 1S1W
1M00 In cv ret 3d pd Da 'UUBl'.! 12114 12l5
;jlM01nterh Mot 4141 7 78 7il
(ISOOOInterb It T ref 6s W n7 07'i
! JM Inter Mr Mar 4h.... mi rM 42",
klMOoind Alcohol Ba iraH nn: luitj
hvo Jtpaneaa 1st 4a 74 tA T2K 744
lCOOLackft S:eel Ba 11123... H2 US 02
1000 Llg & M T Ba 10O 100 10D
1000 Lone Iiland rfd 4s 85 83 81
1000 Lorfllard Ba DB'i HI)'! in't
!KWUI.. N"h 4b 04 114 01
000 Mo K & T 2d 4a .. 00 CO CO
tlVl tfn Te.n A i ae anf niai
JwOOOMont Power 5a P04 00 MM
i?11 to oa ......... ofift onw ihiu
JSS2 IS Y c'iD c co1 aH. i Ri i
IIWWN Y O & h fll rc't'.'.10l lot inTa
SWO N Y c A. Tr dili . ficx ma: an
MOON Y City 4s 1037 0T 117 07
IX Y City 4);s 1M0..100 100 100
IN Y City 4Wa lDfi.1..104Vi 101 104V3
,N Y City 4Kb 1004. .100 IBIJi 100
N V Pltv Jlitt Vn. "17 tilt mt tAl
HOOt N V r-v iUi nfn. tftT'tnili initt mitt
WW N Y cry 4Kb Nov S7!lOI iOIVi 104W
' .-iu nuu
lit li l Va
IU III
0UU llli'hi
oou
100
OS
102
lQTOl M V n... n Km
10000 Nor Pao prior 4s.. .'.'.', Dli
v 500 do Ben ?t . . fu.
i 150 Pclflo Tel So 001
SOOO do Ev X,a.. 100
4O0O itA Am tfVIC no
lWOO do r iUi ' '"."."tin
W Public Serv N J Ba 87, 8it
w Pay Con Conier Os. . ..117 117
4CM tltadlni; Ken 4a 04U OIV4
WW IteadlnB-Jer Cen 4
3000 Itennh fiihn r. nj
b !Si K?clc '"and rfd 4a".
,&X I1 '' I M A So 4a. .
lOMO Bt I. A fl V van m
ZSi"tfAJi.(JjBS.
-ITT "fl"M U IB .......
""WBouth Pao cv 4a .... Ro"!i
wajij nn iv rnr w r Km i luiit
tfrWrt .J...W V.iv l-.wo u" -7
MJOBouth Uwy jen 4a
STol Peo & vr u .
JOWfj s Realty Ba ...
tvSStll 8 Rubber Oa...
03
. S5tt
. . M
-15??
.Jin
. B4i
n.1
ki
87'4
IW?i
loo
HI
72
irrju
-JOJV
It n oiaai
V. 8 Steel ree Ba'! .'" 'lot
union Pac ret, 4,... 03'
Union Pao lat 4a .... 07
union Pao cv 4a . . . nn
Ki!Vi
Jxis-ZchmiatB.:::?
ffi : :::::::??
tlrVi -T". ."-'. '?
03
85"
SI
lOrtK
ini
aly,
83
Kll'i
QVi
8714
81H
100
l
72
Jof1
1101
8:i'E
4 V
ini
OO'i
ii
lis
lai
s.14;
117
IHU
03
nnU
03
Bl
aH
ssu
SB
100
lit
72
102W
101
101
03W
nS
Nil!
,52
8S..
22
i6o
irti tnli7
Jt' '. .33,000, compared with J5.61B,.
WVIIMIf)
fH
il" ' -MU H Bid. IB ..
.tl3a!!! SJ? 5." 4i! JS9W
.. . ' w " "...w
'Jn
NEW YORK CURB
J-in:h!'"'""::i
,...... ,. -'
,..,,,,, 714
...,,,,, Urn
ft
Aaktd
16H
57
03
1
4"n
2H
mfvaVoV:
W14 ElftvafM Hir"
SctjaTagr..:;::'' gg
'SB ?" sioMprif".:;:!:;;;!
iSLV-PreiH Bhsrln nw ' ' '.''. 2t;
psaaa ...'.:::;::::': iu
vlIV YOnK BUTTER AND EGGS
s AEW Tr.ni. .. . .
TtLiiTi . . " wy - Butter-llarleet
li. 1Jfvr rc.lpt, 6M pack.ea; extra,
HMnUr. COf,n"' SS028Hc.i Btat. dairy,
K far ,rolu"on crmery, 2lV4G2o.
aaevL aratiy prmeri recelpta, 10,,
r MCktUtt. extra flrtt. 21022e.: regular
SmJS' Jff"r , whltea. 2021e. i renular
iW a6il,' .VSt'S?..' '.njr? nrty
ia UU. "rii W4I? ""' 'itwa. ai
atijraga
CQLl.FPTrws nnTrnr.n. m.
jvner to m,t the conveqlanca OX PhlU-
nTBjiil Krru.1 --....
VWa broiier. under tha tmerganey eyr-
f Jlw aJli""! ,n eury of-
. .". PUfPO. of makloi out
r,..-'1 taiiof nfriuuit. t. ...:..
iVcu; York Stock Sales
. , lnt cloao. High, Low,
ziaKstf oia Atinea .i ai't a I 33
Allli-Cha'm Mr 14 lflH 15
Allls-Chatm Mfg pf ... 42 45U 6!f
AmalRamalcd Cop .... CS 07i fiO
Am Agr Chemical ..... cojj fil 61
Am Bret Sunt ...... 42 41 43
Am Can 32 H4W 33
Am Car A Foundry ... ! BOJf 40!
Am Cotton Oil ........ 4f, 40t 40H
Aiuiiiueccji pi .. 7 2W 2Uls
Am ico occuritios ...... aojf am
Am Locomotive ....... 4Uj 44
m i.inicxxi ...., in
iiu Aiaa pi ......
Am Smelt ft Mot
Am Smelt & Itcf pf
Am Smelters pf n . .
Am Sueur lloflnlng
31
421
10
20
10
.. 2,-i 20
. 01I4- ml 05!f
.103 103)5 1031
. 8.1 83 82
104 K).Vf 103U
Am Tobacco 218 S22) 222K
Am Tob of now
Anaconda Copper. ..
AtchT&BF
AtchT&SF pf
..10(1)1 107J 107K
.'IIU 32H 31U
no ioj oil1
003 ) 09H 09)f
Atlantic Coast Lino ...100 100 100
IlaldtvlnLoco 42 4!Jf -WA
Ualtlmoro Is Ohio 7IH 72U 72H
llalllmoro & Ohio pf .. 08 (84 OB'S
Bethlehem Stool 130 137 133JJ
Ilrooklyn Hap Trail ... 80 87)4 87
Brown Shoo prcf. .... .. 7,' 75
Butto& Superior. ...... GO G3 01H
Cal Petroleum it 15H IfiU
Canadian Pftclfla 158 1WIH 158(
Cent Leather Co 31JX 30 3J5H
Ches&Ohlo 421$
uhino copper .
Chi at West pf
75
ChlMlt&btl'
cum 1 & v
Colorado I'uct tl....
Consolidated Gas....
Corn Products Hot ..
Corn Products Ilof pf
Cniclblo Steel Co 22
Cuban-Am Sugar 55
Distillers' Securities ... 12K
Erls 2IH
Krlo lstpf
General Electric ...
General Motors ....
General Motors pf .
Goodrich UK Co ..
Great Northern pf .
GtN cfs for oro prop
GuREPnhelm Kxpi'n
HavEUtyL&P ..
HomcstakoMlnlni;
43!. 43
4 IK mi 42!f
. 20U 29J 2SU
. mm 00
. 22H 2Jlf 2.1
. 25U 2115 20
.121W 125!i 12 IH
12?( J.IU 12?
77'i
23j
57
l:i
Sfflh
3 .'!! 30 ij
147H 151 15J
128S 138 MO
, 07H 07H 07
. 4W 43 42U
.110 117t5 117
. 30 32 314
. 65)4 67H 60J4
. 80 SlJi 81
118 118'4 11814
b84
70)4
23
67
13
MJf
Inter-Met vot t c 19JI 2IJ4 20M
Inter-Mctpf OSM 70H GMi
Inspiration Coppor .... 28 20) 2H)i
Lack Rtoel 37H 30 30
Kan City Southern ... 25)4 20)4 20
KanCltySopf 68 68)4 58)4
LchlBh Valloy 140 110)4 140
411
Maxwell Motors 30V4
Max Motors lstpf 701 81
MaxMotors2d pf .11 33
Mexican Petroleum.... 07U
Mo Kan A Texas 12)i 12)4
Missouri Pacific 13
Montana Power 4fl4
Miami Coppor 23)f
Nat Cloak & Suit 71
Nat Load 61)
Now York Air Brake... 81
Nevada Con Coppor... MU
NYNII& II 02)4 KM fi2i
New York Central 83)4 85'f 8li
NY Oft West.
Northern Pacific
38
80)4
32)4
0!4 t8)4
12)f
14 13)4
48 48
24 23U
72)4 72)4
60). 57h
8-1)4 83
14)4 14)5
North American
PaclflcMall
Pennsylvania
Peoplos Gas, Chi
Pitlsbureh Coal
PIUs C C & St L
Pressed Steel Car
Ity Steel Sprln:
Ray Con Coppor
Itcadlns
Itcadlnc2d pf
Hep Iron ft Steol
Hock Island Co pf ....
Itumely M Co pf
bcaboard Air Lino pf .,
Ecars Itouft Co
StLoulsftSF ,
St Louis &SF lstpf.
bt Louis & S V 2d pr .
St Louis Southwestern
Southern Pacific ,
Southern Ity
StudebakorCo
Studebaker Co pf
Tennessee Copper .....
Third Avenue
Twin City HT
20K 28) 27
.101 105)4 101)4
. 71)4 72 72
. 2lii 20)4 20
.llOJi 107 107
.lKIM 115)4 H6!4
. 10)4 20)4 20
. 07IJ 05
. 30!f 43
. 25 30
. 22ii 23)4
.142)4 144W 143),'
.81 85 85
. 25) 27li
r.-
4 Hi
30
H
mi H'4
34 35
.133
. V(
. ow
. 5
. 10
. 87
. lfl'i
am 07
, OS
. 31
48!
'.'
V.
13
3IU
131)4 131)4
5
07)4 07
12 12
5)4 5)4
IOW 1G)
f-8)a 87li
103i 10)
GDI
08
31
49
07
08
33
50
Union Pacific 123)4 25)f 121J4
Union Pacific pf 81
87
10
32
GOtf
81
87
17
31
81
87
18
35
01)4 fKHi
10-1K 100)4 100)4
51JJ G3JS 52)4
105 100 105)4
fi2tj U4'f 0354
284 31
U5
V.
11
29
05JJ 05J
1
)4
U S Ind Alcohol pf
United Itys Invest ...
United Itys Invest pf.
USltubbcr
USHubber lstpf....
USSteel
USStcelpf
Utah Copper
VaCaroChem
VaCaroChempf
Wabash
Wabash pf
Western Union Tel...
Westlnchousa Electric
Whecllne & L E
Wheel & LK 2d pf...
Ulys Overland
WoolworthFWCo..
WnolworthDf 120 110H 110)4
Total salea. 2119,000 aharea, compared
1,263,200 aharcs laat Monaay.
HANK CLEARINGS
Iiank cloarlnca today compared with corre
upoiidlnK day laat two yeara:
iuin. Litl. iiia
Philadelphia $23,03t.OSl 123,750,481 J24.314,3fl7
f.i.KS M "iWib ioiiiii..'I7.i in J.'.i "'
New York". '.3(W',30II-,12U 2JI.S12,5.I7 2Jl,U4,ll24
t. LOU18..., 1I..I.I1.V.1' 4H,B.V,i ill,U.,,,i.
IUltimore .. "."."i
Chicago Bt.015.S20
M
1J4
64)4 G0) G4)4
. 87 M)'i 87
. 3 2).' 2)4
. 3 3)4 3)4
.110 112 112
.101)4 102 1U1H
Close.
33)i
15
45)
C0)
61
43)4
33)4
6")f
40)4
29)4
31
43)4
10
2J
05X
103)4
82
105)
222)4
107)4
32
0914
09)4
100
13)4
72)1
08)4
131
87)4
75
02U
1514
168J4
SS'i
43'li
43)4
20)4
OJ
23) i
20)4
126)4
13)4
77U
23 '4
57
1.T4
25J4
30)4
151
130
07)5
42)4
117
31 !4
67J4
81)4
118)4
20J4
70)4
20)4
39
20)4
58)4
141
39)5
81
324
09)4
12)4
13K
48
23)4
72)4
6814
84)4
14)4
12J4
81X
28)4
104)4
72
2014
107
11 6)4
20)4
05
42)4
30
224
143J4
81
27
ii
14
35
131)4
5
12
r,H
10!.'
87J4
10)4
05)4
OS
33
40
97
121J4
81
87
17)4
35
01
100)4
53)4
100
01)4
.'III
05)4
55
1
05
SS'4
2)4
3)5
112
101)4
110)4
with
it n.tt .vji
83,728,018
5,'48l0l8
RATES FOR MONEY
Call.
Philadelphia ?,lft'
New York JV432I4
5?'?n: i!..,
UniCBKO uhi i. .
Commercial paper, threa to alx montha, Phi
adelphla, 3HC4 per cent.
Time.
itt8S
ati.fi i
4 H4
Reserve Banks' Discount Rates
Philadelphia, .
New York ...
lloaton
Cleveland
Hlchmond ...
Atlanta
Chicago
St. Loul.
Mlnneapolla ..
Kan.aa Clly .
Dallaa .......
Ban Kra-ncleco
Days-
30 or 30 or 00 or Over
Icia co no DM
4
.. 4
.. 4
.. 4
::J
..
.. 4
.. 4
::j
" 3H
4
4
4
4
'
4
iH
4
M
$ 9
4 II
B A
RV4
4 8
8 A
3
is
415 0
Foreign Discount Rates
Hank Paionflaat
rat. chanaa
. .. Aug. , i.ill
. r Aug, 20. 1014
. S Dec. 23, 1014
. S Aug-. 21, 11)11
. 5 April 10. 10(5
London
Part
Berlin
Amrterdam
Vienna
FOREIGN EXCHANGE
NEW YOflK, My IT. Tba foreign ejehango
market opened ateady, with demand aterllnr
unchanged. .. .. , .. .
merunr. rranu. iiiaraa. uuuoera.
Cablea 4.70 11-10 8.31'i R2 11-18 30 B-16
"inlnd ,,4.Ta)t 8.3K 82 334
GOVERNMENT BONDS
tlld, Aakad.
2a of 1030 regl.lered., 07 US
2a of 1030 coupon.....,,.,,,.,.,,,,, 07 ,,
Panama 2. rl(icr.d.... .,..,...,., T ,,
Panama Sa 10-lH reiUlared. ,,,,,,.,. 07 ,,
Panama new 3s registered, 1MJ4 ,,
Panama new 3s coupon- .,-,,,.,,,,-loou ,,
3s of 1018 reglxtered ,.,,,,,, .100U .,
Ha of lot coupon. ..,,.... ,,,,....,.Juom ,.
1. or lu.'.l rtliaterea. ....... ....... "w iiu
of 1923 coupon ..,.U0 ,,
COTTON '
NEW YOnK, May 17.-Although prices
were one to elx points lower at tlie
opening of the Cotton Market thl morn
Intf. the tone was considered good, and
this wai helped after the call by heavy
Wall street buying. Liverpool cables
were disappointing and the weather In
the cotton belt continued favorable.
In the afternoon prices hardened all
around until futures showed gains above
last week's close ranging front B to U
P,nts-
" -"3K-"
May ...
laly
oew
December .
January -Mjwh
,...
Sjot ..n-
BOO
8 31
High. Law. Close
Oocn
U.J5 U.70 U.JL 8.31
S3? D4T 0.80 0 4.1
0.73 0.B8 II 88 U.M V.S1
oil fine io.oa s.ol lo.f4
9.63 10.00 10.12 0T
10.18 10.13 10.W 10.13
o.sa ....
10.
10.OT
ACTIVE TRADING
IN LOCAL BONDS
Tone of Stock Market Firm
But Quiet Recovery in
Rapid Transit.
There was llttlo to discuss In tho day's
dealings on tho Philadelphia. Stock Kx
change. ltesumptlon of bulncB this
morning fotlnd an accumulation of over
Sunday buying orders, duo to tho return
of conOdcnco among tho general public
that this country Is not llKcly to go to
war for somo tlmo nt least.
Tho rise In Wnll street prices was re
flected hero In United States Steel, Lo
high Valloy, Heading and Pennsylvania.
Purely local issues for tho most part
meroly marked tlmo. Cnmhrln Steel re
covered In nympathy with United States
Steel, nnd Lehigh Navigation wns also a
shado firmer. Tho putclmso of 100 slintcs
of Itnpld Transit waa sufficient to rcstoro
tho quotation to 8, whllo Union Traction
alio Rcortnl a substantial gain.
Tho bond list wns relatively moro nctlvo
than stocks. Cambria Steol scrip attract
ed considerable nttontlon, tho 1916 Issuo
ranging between 08 and 06, and tho Slay,
1917, between 95 and 97. Nearly I0.C00
changed hands today. Ono block of 12,727
appeared on tho tape, tho largest single
salo yet mado. Lehigh Navigation 4',4s
wero also In demand, as wcro Phila
delphia Electric 4a nnd United Itnll
wny 4a. The now Pennsylvania 4Hs
changed hands for tho tlrst tlmo nt 97.,
somo 15,000 being taken. Although tho In
vestment market has felt tho uncertainty
of tho International situation of late, It Is
by no monns weak, nnd bond holders still
report n fair demand for high-grade Is
sups. In tho fnct of tho sinking of tho
Lusltnnla May 7, tho last of tho J65.000.000
Pennsylvania rtnllrond general mortgage
4'i per cent, bonds wcro sold by Kuhti,
Loeb & Co., In tho noxt three days. A
good part of this Issuo had been sold be
fore tho unfavorable news came; but tho
KC.OOO.OOO Argentine Government Issuo
was not offered until Monday of tills
week. By Friday night nil of those five
year 6 per cent, notes had been disposed
of nt 99, and the latter part of tho soiling
wna In tho fnco of cablo dispatches to tho
effect that tho offorlng of a similar
amount In London had been n failure.
Tho temporary stiffening of tho money
mnrkct here following tho Lusltnnla dis
aster appeared to havo practically passed
away today. Commercial pnpor was
onsler especially In New York, whoro
about tl,0W).0n0 was sold at 3 per cent.
Hero tho choicest names arc limited to
."IVi nnd 3i per cent.
Financial Briefs
Tho gross earnings of tho Philadelphia
Ilapld Transit Compnny In April wero
$1,t9S,105, as compared with Jl,974,255 laBl
j car. .
Rumor had It that the Pennsylvania
Railroad was about to place a contract
for somo 15,000 now cars.
Hxports of general merchandise at tho
port of New York for tho week ended
Mnv 15 totaled J2l.073,3r.2, an Increase, of
f S.T20.1 12 compared with samo wcok last
year. Imports for tho week totilled $21.
SS1.317, nn Increase of $7,815,590.
"No matter what tho outcome Is so fnr
as Germany's reply Is concorncd," says R.
It. .Smith & Co, "it Is thought the efTect
on our stock market may be limited to n
short period following tho announce
ment." Tho Land Title and Trust Company has
opened a travelers' department. In nd
(iltlon to furnishing Information rclatlvo
to' routes nnd rates tho department will
supply travelers' checks, foreign nnd do
mestic drafts and letters of credit.
New York bnnks gained JoCS.OOO from
tho Subtreaoury on Saturday, nnd havo
gained J1CD.O0O slnco Krldny.
OfMclal Immigration figures show thnt
during tho period from August 1, 1911.
to Mny 11, 1315. 336,039 Immigrants ar
rived In this country, ns compared with
l.lin.RSO for the corresponding period of
1913-14.
There has been ndmlttcd to tho unlisted
deportment of tho Philadelphia Stock Ex
change. Pennsylvania Railroad temporary
certificates deliverable when issued, to be
exchango for Pennsylvania Railroad gen
eral mortgngo 416 Per cent, gold bond3,
duo Juno 1, 1965, when Issued.
Gulf grain exports aro oxpected to show
n largo volume for tho month of Mny.
Up to May 1, Galveston had exported
49.000,000 bushels since Soptombcr J. Tho
record cargo of 856,000 bushels consigned
to Havre on Thursday Is but ono of ov
cral heavy shipments to Europo slnco
May 1.
John J. Mitchell nnd E. P. Ripley, of
the Atchison, back from a winter In Cali
fornia, aro cautiously optimistic. Ripley
reports tho Atchison property right up
to standard. May earnings wero slightly
ahead, and crop conditions overywhero
are fine. Indicating a yield fully equal
to last year.
The Hopkins & Aliens Arms Co . Incor
porated In Connecticut In 16C8. has been
wound up nnd will be succeeded by a
Massachusetts corporation of tho same
name. The now company will havo 1,
250.000 8 per cent. preferred stock, and
W.750,000 common.
Official Treasury figures show exports of
cotton for the week ended May 15 a total
of 112,777 bales.
Initial salea of Pennsylvania general
4Hs temporary certificates, when Issued,
were 97H-
The April gross earnings of the York
Railways Company showed a decrease of
3,5 per cent., but a cut .of 8.2 per cent,
in operating expenses left a net gain
of J!3,376. The BUrplua for tho month was
J51S6, a gain of 11.6 per cent. For tho
five months the surplus was (33,874, nn In
crease of 6.2 per cent.
Tho annual meeting of (ha Rock Island
Company of New Jersey was again post
poned to June 1.
There has been added to the regular list
of tho Philadelphia Stock Exchange
$79,000 additional stock- of the American
Telephone and Telegraph Company, Issued
In exchange for $88,000 convertible 414 per
cent, bonds of tho company, canceled and
stricken off the list, making the total
amount of said stock listed at this date
$361,718,709 and reducing the amount of
convertible bonds listed to $11,002,100.
The London Stook Exchange will be
closed next Saturday and Monday,
Tha visible of grain follows; Wheat,
21,174,000 bushels; decrease, 1,151,000; corn,
1T.20LOO0; decrease, l.lOO.OOQ; oats, 17,076,000;
decrease, 2,814,000. .
DIVIDENDS DECLARED
, Standard Oil Company of Haw Jcraey. rean.
lar quarterly Ml ihar. payable June 15 to
lock of record May 81,
Federal Mlnlnir and graeltinjr Company, reg
ular quarterly 1 per cem RajabU Juna 15 to
etock of record May 24. - '
Sorto Itlcan-Amertdin Tobacco Company,
h ,-,.?,r fJ"'-' PyM J,un. 3 to atock of
rt'ord Moy 18.
Alatjnw flreat Southern Railroad, 'Hi per
test on ordinary atock, pajable JUn. SS to
atock of record June J, ana 3 per cent on
preferred, payable AuaUit 2T to atoak of rtcord
Standard Oilcloth Qompany. inc., rtuUr
quarterly 1 per cent, on urefirr.d A nd 1
atocktf-
Mcbaett Mills In QrrU. rtjrular aeml
SBBuat m p cejjt. pajaffU Juna-la, atock e
rtsord May 15.
Local Half 'hourly Sales
10 to 10130 A. M.
20 U 8 Steel,... f.2 .10 U S Bteel.
4S union inc..
BO'1
.10 U S Bteel.... biy,
40 union iinc.,, on:, iuu ao... ...... r7i
ir, u a meal..., r,'A i'u do.. ....... r2
15 Leti Valley... 70. .10 Heading- ...71 0-10
SO Inter iut.m 21J4 lwi .. do. ........ 71H
M Union irac... 80 4 100 U s Steel.... 52
1(0 U 8 Steel.... H ion Cmith Pacific. 57
200 do 62k 100 Cambria Steel 4; J
50 Tonorh Bel. 4 ,10 IJ U I WJi
loo U 8 steel.... 82. loo Uh VMiey... to
100 .. do......... W. 100 Utah . Copper. O.I
loo W S Steel.... D2U to I.eh Nav,..., 7t)C
J0O do......... .52' 100 U S Steel..,. GSjt
'20 Reading ..Jlll-lolOO do t.W
0 Leh Nnv TUi 100 do Mi
10O do 71 20 Lh Nav 71H
BONTJS.
02 Cambria Steel acrlp into t-8
312 Cambria steel scrip May Wit.... (HI
40 Cambria steel scrip May 1917..,. HO..
125 Cambria Steel acrlp May 1017,... twlj
.02 Cambria Steel ecrlp Ib 1017.... IW
.12.". Cambria Bleol ecru 1010 .08,,
Mm) l'nmia cons 4V4s li" .......10.114
07 CamUrlA Steel rlp JIny 1017. ... M
4(1 Cambria Stee acrlp May 1017,,.. I'D
4 CAmbrta Htee acrlp May 1017.... v
321 Cambria Stee acrlp May 1017... . 90
T Cambria Stee scrip May 1017.... DO
' Cumbria fitee ecrlp Mny 11)17.... Wl
12.1 Cambria Sloe ecrlp May 1017 ... u
1)2 Cambria Mice ecrlp May 1017,... IW
12.1 Cambria Sine scrip May 1117- - J2
Vs Cambria Hlee scrip May 1017.. . 8
212 Cambria 4Hce ecrlp Mny llT UO
47 Cambria Ktee sorlp May 1017 ... 05
is cambrla Plec acrlu May iuii.... .
125 Cambria Steo sarlp Fab 1D17.
2(4) liitla i:ioc 4s
112 Cambria Steel scrip May 1017.
10:30 to 11 A. M.
OO'I U 8 Steel.... 53 JO U fl Steel.... M
25 do iVJ 10 do M
10IJ tin A3 InO Tnnnnnh IIaI. 4
2.; t.li Nav 71 25 Cambria Steel 4;j
4 1 l'enna ....... 531-200 U S Steel.... Ml
10 U S Steel.... Mil n U O I., S2(
,10 do 5.1 10 1'hlla Elec...2l.
40U do .VU4 Hill S 8tl M'i
100 do M'k 100 1'hlla 11 T t c 8
10 do 53U in U S Steel.... MV1
UONDB.
UOW
3H
1017.
ini7.
11117.
Hi) Cambria Steel ecrlp Mny
M Cambria Steel acilp Mny
15 Cumbria Sirel acrlp May
4uii l'hlla Idea 5
.luiiO l'hlln Eleo 4
12 Cambria Steol acrlp tlitn. .
:i Cambria htrel acrip 11)17..
15 Cumbria Httel ncrlp 1IH7..
. u ninuria Mcei scrip nil.
HKKi t!n IMvy t c 4
Kioi) Un ttvty t o 48
100 l'hlln llleo 4a
.icon Un Hwy t c 4s,...
IOC'00 1-crt Nnv tons 4',is
11 to 11:30 A.M.
ion ic city so pM 5ss sua I
5 U O t 821i 10 Ix-h Nav
50 Kleo Storage. St 20 AMI Iniur....
100 U S Steel.... 5.1 10 Halt & Ohio.
BONDS.
2000 T-htla nice 5
5000 t'cnra Ken 4 Us olfa w 1....
"coo l'enna sen ii. ctrs w I
Onto l'enna gen 4V,b ctf w I
il Cambria Steel ecrlp May 1017....
10MI I.eh Vnl ncn tons 4s ,
21' Cambria Steel scrip May till"
lliiji Phllii nice 4-
1UU) l'hlln r.Uo 4n
11:30 A. M. to 12 M.
. no
. im
:J8
. 7U
. IH1
, 115
. in
. H5
: J
82
ioi,
72
101'
100 U B Steel...
in do
20 do
fht 100 U 6 Steel...
M 10 do
Slli 3", l'hlla race.
BONDS.
f0 Cambria Slepl serin Mnv 1017...
i. .imnriii meet scrip .May iuii
r..
1)5
1)0
llil
-n
70
6.111
M'i
Oil
05
2000 IVnna gen 4Hs ctl w I liiH
12 M. to 12:30 P. M.
10 U S Strrl...
1IHI do
10 U S Slenl...
, Mli 25 l.eh V Tr pfd ?wt
53 li XI Hrle 23
, :.2U
BON Da
ran C'mnbrlA ati s.iip Jlay 1017.... pf.t,
.Ml Cambria Steel ocrlp May 1017.... ml
475 Cambria Meel ai-rlp May 1017.... HU
4000 Ix;h Valley con C res 100X
12:30 to 1 P. M.
75 I.eh V Tr pfd 2
34 Leh Nnv 71
2ii l'hlla Kleo... 24 100 Beading
.j Union Trnc. . HI'i
BONDS.
lfoo I'cnnn cons 4iy li)0
iikri 1'mna gen IH ctrs w t
ll.i) l'hlla I. Ice 5a
tl'J Cojnbrla Steel acrlp May 1017..
12 Cambria Steel scrip May 1017..
31 Cambria Steel scrip May 1017..
limo Inter tntr- Itwy 4s
11,00 l.ca Vall;yCoal 5s
45 Tenra 5.1
21 II S Steel.... ft2
t;i;
.10:151
.101
. IHI
. 113
. DO
. 5.S
.104
3 1
1(1 1
30 U
2000
IS
112
250
101(1
leoo
1 to 1:30 P. M.
onna 53s 30 Iike Sup Cor 7t
hlla Klec... 24 UK) Urlo 2511
nlon Trnc... 3114 10 Baldwin 4.IVI
BONDS.
PMina gen 4Ha ctrw w 1
Cambria Slccl acrlp 5Iay 1017.
Cambria Steol acrlp May 1017.
Cambria Steel ecrlp 11)17
l'hlln, i;icc 4a
l'enna cons 4ViS 1000
SI'1
. 1)5
. 0(1
. no
. 71)
.103
1:30 to 2 P. M.
5 Penna .
3 do....
5 Heading
53i
:a
40 tl 8 Steel...,
UU 10 Tlrnillnr ..71
71'1J 1 l'hlla & Trcn
BONDS.
i'OOO Jamna Trank & CI 4a
5 Cambria Steel scrip -May 101 ....
I Cambria Steol rcrlp May 1017...,
150 Cambria Steol acilp Mny 11)17...,
O Cambria Steel scrip May 11117...,
f Cambria Steol scrip Feb 1017
2 to 2:30 P. M.
21 Klco Storage. 5n!t 200 II S Steel....
I II I SJ-V. I U U 1
.4 Ton Bel 4 7-10
BONDS.
(iu Cambria Steol scrip May 101
125 Canrbrla Steel scrip May 10t7....
15 Cambria Steel Bcrjp May 101.
(2 Cnmhrln -Stel scrip .May 1017....
3ro l-h Nnv cons 4Hb
75 Cambria Steel ecrlp May 1017....
2:30 to 3 P
1 rhlla nieo... 2IW 3
10 dec Stomgo. 50ft 50
W U H Siecl.... frit, 21
100 Tenn Copper. 32'rj 1(1
5 ra Htcol pfd. 50 13
BONDS.
31 Cambria Steol acrlp
2 Cambria Steel scrip
372 Cambria, Steel scrip
12727 Cambria Steel scrip
li inmiriu Dioei buiip
2000 Lch Val cons 0. reg
62
11-10
221V4
0014
U3
oM
un
oi.U
Btl
53
Mil
on
00
IMli
im
1)H'4
00
M.
Union Trsc...
I) S Steel..,.
Ta Steel pfd.
U B Steel....
do
May 1017.,
May 1017..
May 1017..
May 1017..
Aiay iui...
50
M
53
. m
. Ul4
. 117
. IKl'i
100H
BANK RESERVES GROW
Local Institutions Report Gain of
Nearly Two Millions In Surplus.
An Increase of $1,600,000 In surplus re
serves was shown In the weekly state
ment of tho Philadelphia Clearing House
Institutions today, bringing that Item to
tho unusually high total of $33,252,000.
Loans wero slightly reduced, whereas
Individual deposits expanded $3,41S,0OO. De
tails follows:
May IT. 1018,
.11111.421. 0(1(1
jJD,Aftl(ia
I.oana
Deposits (Ind.) ....
Circulation
Due from bank. . ,
DaponltB of banks
Kx clearing house
ltservB held, ......
!trve required .
surrlua
Decrease.
r.i:rniiiu unapr am lorui. jiimr ,p, ,vit ",-
75H,000 May 10, 11113, W,4'Ja.0O0l . May 20.
toil', IlS.itl.OrO; May IS. 1011, $11,750,250;
Jlay l. luio, h,hii,toi.
11.270.000
5l,17,(l00
1 17,301 000
11,10,000
101.515,000
ft2.2M,ono
30.252,000
u,4moo6i
Increase.
tJOI.OlO
2,418,000
6,000
705,Uilil
573,000
033,000
2,006,000
.'fln.ooo
1,800,000
1014, $10,.
LONDON S,T0CK MARKET
Strong Demand for Americans In
vestors Moro Active.
LONDON, May 17 A strong tone pre
vailed In Americans on the Stock Ex
change late In the day following advices
from New York. Local trading was light
and mixed, Canadians hardened. In other
departments rtrmness was displayed. In
vestors showed, more activity, Influenced
by war news and developments In Italy,
Gilt-edged Issues were steady.
A call for 2,000,000 on the Canadian 4H
per cent, loan was made. Short-dated co
lonials were In demand. Home rails were
firm. Argentine rails were Irregular. The
continued, unfavorable position of ex
change did not affect Russians, which
held firm. Portuguese descriptions were
not effected by the political upheaval In
that country, Mines showed steadiness.
Copper shares were bought. In sympa
thy with the staple, rubber shares were
cheerful. Shell and transport trading Is
sues moved upward.
London N. 7,
close, eaulv.
Amal CoDDer fiOU 60U
Atchison. ..,, 102.. IJS
Can J'acino ......... ,..,,.. .JiiMi inuva
uamroorc unio ...,,,,,,,. 10 . ix
Che & Ohio , 4'ift 41
Chlraro flreat West.. 12
Chicago M St P 02 (i 8-V
mover liu .
Erl
do 1st pref ,,
1111 Cent .
louii r.asn .
Ma K & T
New York Cent
Norfolk S. Wist
New York Out & West...
Fansylanla
Readies: ..,
South Hwy
South Paclne
Union Vaclfle
Uuue4 states UtMl . . . .
4-IoctMs. Dcr4i.
H -r
..,....,... 2M. UZ K
::::.:::::::iU lift :;
Ii
n
::l8H
.. 53
1
JiH
1C
26
10(11
142SJ
IM
87J
h21l
S2H
T.H
5
SHARP RISE IN WHEAT;
MAY UP FOUR POINTS
Red Rust Said to Bo Virulent in
Missouri' Crop Scnre Still
Continues.
CHICAGO, May 17.
Wheat opaned firm dcsplto tho Indif
ferent tone abroad, at $1.62, nn ndvance of
H over Saturday's close. July wheat, on
the other hand, lopped oft i cent, with
an opening flguro of $1.27W, but within tho
first half hour rose to $1.2816.
Corn opened tower on scattered selling
and oats ruled firm, but cased off on of
ferings partly In sympatny with other
grains.
As tho day advanced wheat prices stif
fened, May establishing a gain of 4 points
before 2 o'clock, and tho other months
scored almost as wldo gains. The clos
ing on Mny wns 4M cents abovo tho llnal
of Saturday.
According to authentic reports, wheat
In Western Missouri Is now contending
against many adversaries, chinch bugs,
fly nnd red rust. Tho latter Is bo virulent
thnt It Is sapping tho vitality of tho
stalk boforo It Is headed. Tho color of
wheat docs not Indicate fly ns they nro
prevalent In the strongest, tlnrkcst stools.
What tho final yield will bo no ono fan
forecast at present. Thoro are still great
stretches of good wheat nnd oven In
tho worst affected sections there nre
many good fields almo.it freo from fly
bugs and red rust.
That thore will bo a very heavy lower
ing of general yields Is now manifest
when the crop Is said to be deteriorating
nt this stage.
Minneapolis stocks of wheat decreased
140,000 bushelB for tho paBt two days,
ngalnst 450,000 bushels last year.
Cablea from LIvorpool quoto wheat un
changed. Australia reported beneficial
rnlns and 10 per cent, lncrense In ncre
ngc. Hcports that prices on whent nro
being Influenced by damago to tho winter
crops woro loss serious toward tho closo
of tho previous week.
Rrgontlnn reports largo arrivals of
wheat nnd corn with a, notlccablo Im
provement In quality. '
Shipments from North America last
week amounted to S,I50,000 bushels of
wheat. Including 1,007,000 bushels shipped
from Montreal; 910,000 bushels corn nml
2,930,000 bushels oats. Of the totnl wheat
2,461,000 bushels wont out ns flour.
Tho yield of wheat for contral and
southern Russia Is reported abovo tho
averago output.
Tho present annual winter whent crop
scare Is expected to last several weeks.
A reduction of tho brilliant crop pios
pects of C93,000,000 bushels of wheat, as
Indicated by tho recent Government re
port, Is expected.
Leading ulures ranged as folloivn,
Sal'd'a
Wheat Open. Utah. Low. Close, close
May 1.52 1.5H l.Slti 1.511 "l.Sl'4
July 1.27V4 l-IOVi 1.2. V, tl.21114'1 27,
September .. 1.21a 1.24 1.21 '1.2.IU 'LSl'S
v-oril incw uei.vtrjV"-
May ...
July
September
Oats
May July
Hi'jitember
Lurd
Mny
July ,
tjentcmber
nibs
May
July
September
t'ork
Mny
July
September
m
77i
74
77 Ii
78V5
71W 74); 7.V4
ii !?$ M
521'. 51 52 t5U
MM WIK Mi's 5l
4(1); 4.tf 40S 4II
t.lUJ
0,00
0.85
.10.50
.10.77
.17.02
.17.05
is.:
Ulil. tAsked.
0.07
0.02
10.55
10.WI
1R05
18.33
0.37
0.S2
111.50
10.75
0.0O 9.50
10.05 0.00
tU.HO t.8-
10,33 10.27
10.55 tl0.50
IO.MJ 10.75
.... 17.70 17.05
17.10 118.02 17.HII
18.20 1S.32 18.17
LIVE STOCK QUOTATIONS
CHICAGO. May 17.-HOOS Hocelpts, 35.000.
Markot stow, 5c, luwer. Mixed and butchers'.
K.55U7.00; good heavy, $7.3067. 85. rough
heavy, $7.3067.45: light, $7.0037.1)0; pigs, J5.00
5.75; bulk. $7.70i(T.8ii.
CATTLn-Itecelpts, 17.00O. Market ntesdy.
Tleetes. fil.Mlflll.'-'.'; cows nnd heifers. $.1,303
8.75: Texans. til.10JT7.25, calvcB. Jil.50jf0.25.
8HEEI' Itecelpts. 10.000. Market slestly.
Blow. N'alUo nnd Wcstoru, $7.00518.75; lambs,
7.73ei0.15.
NEW YORK COFFEE MARKET
NUW VOIIK, Slay 17. The coffee market
opened M-uk. Futures declined 1 to 4 points.
Trading as quiet. I'rlces rouow
Today'B
opening
April
May
Juno
July
August
Soptember
October
November
December
January
February
March
Did. tOffer.
....73.75
...45.75
. ... II.7flS0.SO
.'.'!!! 7 i
.... ti.sojjo.oo
.'"iteifli
0OT
Bales. 1000 bags.
Saturday's
close
7.0807.10
5.ilWI,i;s
II. 70ti 1l.1t
il.T51iil.in
n.T8ifll.RO
n.si4f.S2
r..iin,s3
is lira's
n.D2rn.ui
ii.iinnn.u7
T.00U7OI
Sales in Philadelphia
St.cloi.
20 Alliance Ins ... 1M4
10 Hold Loco .... 44
in 11 ft 0 .,
125 Cam Steel 40
85 Dec Storage ... 61
110 Crte
50 lnterboro Met... ..
100 Knn C Bo pref.. .
.30 ljtke Bun Corp. . 7H
S75 1-ehlgh Nav .... 71(
115 LnhiKh Val .... rmU
100 I.eh Vai Tr 21i
l.i J'enna mij
301 Penna Steel prf. 50
74 l'hlla Klectrls. . 24
100 rhlla n Tt c... 7U
22.'. Heading 71
loo So 1'aclflc
554 Tonopah net . . 4H
100 Utah Copper ....
1000 Tenn Copper . .
210 Union Traction. M
2I1J B 1 82
4030 U 8 Steel . . . sm
DOND8.
Ijist prev.eale.
lno Cam Bt sen '10 0
10523 do May 1017.. 00
102 do Feb WIT., llfltt
lOOO Intstate ny 4. M
2COO Jamos F ft C 4s 00
13000 L Xav con 4W. 9SW
lOOO L Vnl g con 4s. 00
loon do Cnal 5s ..101
nooo do con C reg. .
3fiO Pa conv IM 'O0.103W
lnooo rn r 4M ctf w I ...
OHIO l'hlla I.lM 4s .. Mli
2VK do 5s .101
5000 Un Ilwyo t 0 4s 74 H
Hlsh. Low. Closf.
l3u 10U 1
4-Ki ii 43
72s 72 lift
47(i 47 47
61 60 50
25(1 x3"
21p 21JA 2IVfc
f,?n f,f'! 6?
Tl'j Tl4 71
70 70 TO.
211 28 2 ,
51M MS MS
M 60 60,
24J4 24 24W
8 8 8
7t"i T1,i 7I"i.
8J "IS T
4"1 4H 4'ji
aiti m$ MV
32'i 32 321
Rit? S0J4 3lU
M 82i 82
Mil 52J 03
High. Low. Clnfe.
" IX) Jilt
07 03 P'l'4
nnu no 00
5 58 M
P0J4 OOU HO4
us'. i)8y hn(
00 no w
104 104 101
10ii)i 1004 liH
103U 103 103
07 TJ7W njs
804 70 70
101 101 101
74(4 74W 74H
Local Bid and Asked
Toduy's Saturday's
Bid Asked. Hid. Asked.
Ilnldwin 43 45 II 43
do praf mo 101 100 im
Cambria Sltel 47W 4J 40', 47
IPectrle Slornne WM 51 50 51'.i
Clcncral Asphalt 24 23 J4 .5
do pref Oi fl; OJ 1.3
Keystone Telephone ... 14 13 14 IJ
do t r 14 l.i 14 ?
dn pref. "I M 1 c2,,
Lako Hun Corl ',, ' j ,1a
I-chlKh Nav TO'i 71 .1 714
LchlRh Vnl 70 .m Olit, .0
Lehigh Vnl Tr 1 4i 13 14 14i
dn pref 854 2, 28 .
PennsMvnnln. 3314 ;;1J ' "'
Phlla Hloc 24 244 234 24
Phlit co ..:.:::::.:.. 3.y4 m
do 5 per cent pr .34 M 31 S3
do 0 tier cent pr .in.. 40 30, 40
Phlla It T J. 7 ;i? 2
do te ".. i,? -..,
3dlnc 'If " 'iS 'IS
ran iwi z ii? " ti!
Pnn Mln 7 7M J 7Wi
lTn Traction fllH 32 31 BUi
U S Htoei " 'w "- ""
NOTES OF THE RAIL
Tho Interstate Commerce Commission
has decided that a rate of 110 per ton
on coke In carloads from Durhnm and
Chlckamaugun, On., to Paclllo const ter
minals Is unjUBtly discriminatory and
unduly prejudicial to tho extent that It
exceeds a rate of J9 per ton contempo
raneously In effect to samo points from
tho Birmingham, Ala., dUtrlct.
Durlnc the month of March tho Chesa
nenko and Ohio Rnllroad hauled 1,436.233
tons of coal and 18,373 tons of coko com
pared with 1,497,300 tons of coat nnd 40.G3S
tons of coko In March, 1914. For tho
nlno months ending March 31, the rond
hauled 15.,117.033 tons of coal nnd 131,998
tons of coke, ns ngalnst 13,676,707 tons of
conl and 292,103 tons of coko for tho cor
responding period last year.
In deciding that present class rates be
tween Frccport, 111., and Ttockford. III.,
and points cast of Illinois-Indiana Stato
line aro unicasonable, the Interstate
Commerco Commission ordered the estab
lishment of rates which shall not exceed
as to Freeport an E9.8 per cenL scale and
as to Rockford an 88.3 per cent, scnlo to
nnd from Now York. Tho usual relation
ship based on theso new rates between
other trunk lines in Now Englnnd and
Central Freight Association territory Is
to be maintained.
Stone's Kxprcss, Incorporated, which
operates a bargo and tug Bervlce between
Lynn and Boston, Mass., today wns de
clared a common carrier by tho Inter
Ptnte Commerce Commission. The com
mission ruled It is entitled to partici
pate in through routes and Joint rates
with other railroads.
BRILLS TO SELL REAL ESTATE
At a special meetlner of the stockholders of
the J. fi. Hrlll Company the resolution uas
passed to sell tho property north of Brides
burs Station. The real estates amounts to
about 31 acres, nnd sold for $3075 per aerc
West Virginia State Hank Closed
rAIlKBnSBL'nfJ. W. Va., May 17.-Th
State bank examiner has olosed the Bank of
Hnensnnod. Jackson County, W. Vn., on
account of aliened Irregularities said to con
sist or excessive loans.
DAR SILVER
NFlW YORK. Jlay 17. The quotation for
commercial bar silver was 50 cents today, with
Mexlinn dollars at 3SU cents.
PHILADELPHIA MARKETS
GRAIN AND FLOUR
1VIIKAT. Receipts. 77,381 bush. There
was a lair export Inquiry, and with stronger
outsins aaviccs prices u."c.... .....-
spot ana aiay, si.DOiru ..w, ."". "'!,
ern. Hl.flOWULOSlil No. 1 Northern Duluth.
tl.85Ot.0S.
COHN. necelpls. 1000 bush. Trade was
dull and there was no change In prices. Quo
tations; Cnr lots. In export olenlor No. J.
spot and May. TMl80n. Car lots for local
trade, as to location-No. 2 yellow, Ml83Hf.:
steamer yellow, S2S82HC , i No. 3 ellow, WW
804c.; No. 4 yellow, 7aVj078Hc
OATB. Itecelpts, 20.010 bush. Prices were
steadily maintained, but trade was quiet, quo
tations: No. a whits. illfjni4,c.; standard
white, OOSOOHc.l No. 3 white, S050ic.
HYE. Dull. We quota at ll.14igil.lB per
bush., as to quality, In export elevator, snd
at JI.OMfl 10 for small lots of nearby grata
In bags,
rl.OL'H. Receipts. 1010 bbls , 2,348,510
lbs. In iarks. Trade a quiet and values
were largely nominal We quote per 100 lbs.
In wood- Winter, clear. lO.COBii SI: " '.
straight, 77.25. do., patent, JT25QT.T3.
Kansas, straight. Jute sacks. IT.SOOT.40; do ,
P.it. lute. saAs. IT MOT.TB; jprlnr first.
clear, smi '. u., a, .mis... .(.wph,..", uu ,
patent. IT BOftT 80; do., lavorlta brands, 8M
R.25; city mills, cholcs and fancy . patent, . 18
8 23, city mills, regular grades Winter, clear,
n.riUCT"..; DO., Birnillll, fi4l.4J, uu., yavcuv.
T.235J7.TD.
i
ItVK ri.OUIt. Supplies wars small ana
thd market ruled ateady, but trade was quiet.
We quota nearby and western In wood at
10.231 0.50, as to quality.
PROVISIONS
The market ruled firm, with some kinds a
nhade higher. Quotations! city beef. In sets,
smoked and alr-drlsd, 25020c,; Western beef.
In sets, nn.oked. 25320c: city beef, knuckles
and tenders, smoksa and alr-drlsd, 2T(T-'8c.;
Western beef, knuckles and tenders, smoked.
27ft2Sc.i beef bami. 131632; pork, family.
I21.50SC2; hams, S. P. cured, loose, 13UUc. ;
do., oklnned. lpou, lUVit(2Vie.: do., do.,
smoked, 13H14o.; other hams, smoked, city
cured, as to brand and average. 13K814C.;
hams, smoked. Westsrn cured. 13l14e,; do.,
boiled, boneless, 22fi23c.; picnic vhoulders. d.
P. cured, loose, 10H?Uc.: do., smoked, 10HU
llo.; bellies. In pickle, according to average,
loose. llUbl2c.; breakfast bacon, as. to biand
and average, city cured. ItKUlTci. breakfast
bacon. Westsrn curd. l&SlTc,; lard. Western
reftnsJ. tierces, lMieUc: do., do., tubs, J044M
ilo.! lard, pure city, kettla rendered. In tierces,
104tlo.t lsrd, pure city, kettla rendered, la
tur?s, l&ViSilc.
REFINED SUGARS
The market ruled firm, but trade- was quiet.
W quotsi Btandard granulated. 6.03c; Ona
Kanulated, 6o.; powdered. 0.10c.; confectioners'
0.00c.; soft gradta, 6.1003,73.
DAIRY PRODUCTS
BUTTEK. Dsmand wm fair and the mar.
kl ruled steady under moderate offerlnga.
Quotations Western, fresh, solld-packtd cream
ery, fancy, specials. Sue. extra. 2Sc ; extra,
tlrsts. 27c. firsts. 24c; ssconds, 2lS25c.; Udsl.
vnna wars In good raausit and steady.
Quotations: In tree cases, nsaiby extras, 23c,
per dox.. nuarby firsts. 6.15per standard
cast; nearby current receipts. 45.70s..Vh3 per
cais. Western, extra firsts. 13.15 per cam. do
firsts, 5.70iM-85 per case. Southern. t5.iu
6.40 par cut. fancy selected candled fresh exit
were lobbed out at SifiSTc p4r doa.
CHEESE. Trads was fair and tha marks t
rulsa firm nd higher under llfht cfferloga.
Quotations New York, full cream choice.
nVw. inismie. do., do., lair to food. nw.
lHbU.V4a. part akUna. 8iUc
POULTRY
UVK. Fowls were well cleaned up and
firm, l.rolllntc chickens nero more plentltul
and weak. Quotations: Fowls. li'JMlSc. ;
roosters. 11H1I12C; broiling chickens, fancy,
weighing lslirj lbs. apiece. 85ti3Sc.; broiling
chlikens, uvichlng lWUi lbs apiece. ,'loy.lJc;
turkeys. 15013c. ; ducks, 13015c; geese. ln;J
lie; RUlncas, as to quality, per pair, 50 B 70c.
pigeons, old, per pair, 'JD1J3UC. ; do., young,
per pair. 22250.
I)lti:hSi:i). The market ruled firm under
small supplies and a ralr demand and prlies
of fowls advanced i$c. Quotations: Fresh-
lbs apiece, HW15C.; fowls, Ice-packod West
ern, 4 lbs, and over apiece, lbc. , do., do.,
smaller sites. KKJlTc; old roosters, dry-
ricked, UVtc. ; squabi, white, weighing 11 to
2 lbs. per dozen. xi.83tTI,5(i: white, weighing
,u. c, uvcil, f.cm ,tn., nimo ClgninS
0 to 10 lbc. per dosen, f.1 25W3.80; do., do..
8 lbs. per dos.. J2.T532.S3; doa do., i lbs!
per ao., -u.,ia; ua.t no., oniih ids.
uos., si iurii ou. uarK, si.i.u'uj.tu
ana no, -', si,
tl MftT (10. dark. tl.SOtn I
Tozsn pounry rowis.
per
small
SB tO
quality, lOMlfcc; chickens, dry-picked and dry
lSc; do.. 37042 lbs. to dox., 18c; do, 1311 17
lbs. to dox.. Isc; do.. 48 lbs to doj.. 2iic: do.
60 lbs. and over. 21c ; corn-fed, 31B42 lbs.
to doz 10c ; do , 43fT4T lbs. to doi 17c: do..
4H lbs. to doi llic.l do.. 0 lbs. and over, 2oe.:
rhlcktns, dry-picked and dry-packed, In bbls.
..!
lbs. to dos, 24c; corn-red. fancy, 18224 llsTta
rtoi.. 25c,: do., prime. 23830 lbs. to dox.. 22c:
turkeys, dry-plcksd and dry-packed, fancy. 21
22c,; fair to good. 18tJ20o j old toms, lOflWOc:
ducks, fancy. In boxea ITOtsc; do, ordinary
to good, 12l0c, geeae. choice and fanoy, 136
18e,; do., No. 2, lSQltc ' v
FRESH FRUITS
Trade was fair and values generally ruitd
stsady undsr moderate orferlrgs. Quotations
Apples. New York, per bbl. fJreenlpB. as 6u
3.E5; Baldwin. 2.50d4;,Ilen Dails ISsSHSJai
other good .oatlng varieties. J2.23ti3.50; rnei
dlum. JinT.oO; apples, Western" per boiT llaS;
apples. Selawavrs and I'snnsylvanla, per hamt
per. 60875O.: lemons, per box, IlsoSJUO:
oranges, Florlds, per box. I2.23SI: grapefruit
cratiTPono liicS.' iltsjIKSS', Vrc7.dVPi!a2.5o.
slrawberrles. North Carolina, per at". TBI'S.
d?' Jr,SlnU' Maryland and EaMern Shore, per
u.., wu-v
VEGETABLES
The market was quiet, with fairly liberal
nlTsrlngs at tbs following reviled quotations'
White, potatoes, per busb.-VennsylvMU.50U
62c; . Males. 4Wc, New York, as lo'oual.
Ity. 8542c. whits potatoes. 'Florida Q Sir
bbl-No. L I4.60ii5.23: No. 2." w'50lf'at
potatoes. Delaware, per hamper Large. Ii ''3
01.T5. rosdlum. 60c.rllj aweet potatoisT East
ern Shore, per bbl. No. 1, 2.25tf3.:; No" 2
fl.50Sl.T3: rsweets. Jersey. T MrDbir-No? V.
l3.TCif4.75 Ko. 5. iiiLlQl sweets, Jersey pli
basket. 75e.till.25l onions, rhnlr-'. V',RS
! " ti2m'J.M.lia?- W iw-
r:-"'""?' iJr t-ummtir
WESTERN BACKHAUL
RATES ARE MB
Commissloh' Allows Rallcoacrri
to Add 75 Pet Cent, of Local
Charges to Intermediate
Points.
WASHINGTON, Slay 17. Tho Interstate;
Commerco Commission today Issued an
order disapproving plans suggested by
Western railroads for constructing rates
to tho Paclllo const and Intermediate
back-haul points.
Tho order sets up Instead tho oomrrlls
slon'n own plan for disposing of the cOrt
illctlhg contentions of tho railroads and
tho various communities affected, virtual
ly every Important Northern ruid Western
city having taken part In the recent hear
ings on tho subject,
Carriers nro authorized by today's order
to construct rates to back-haul points' in
the following fashion!
By nddlng to terminal rates not more
than 75 per cent of the local rates from
tho nearest terminal destination or by
adding nrbltrarles to the terminal rates,
varying with dlstanco from tho ports,
such nrbltrarles to bo not moro than 13
per cent of tho locnl rates, tho Aggregate
not to exceed tho maximum proscribed
for Intermediate points In this order.
Cities entitled to terminal rates ars
mado to Include San Diego. 8ah Tedro,
Wilmington. East Wilmington. San Fran.
Cisco, Oakland, Astoria, rortlnnd. Van
couvcr, Bclllngiinin, south Ilclllngham,
Everett, Tncomo, Seattle, Aberdeen,
Iloiiulam and Cosmopolls.
The commission's order of January 53
Is modified to permit maximum less-than.
carlond rates from the illesourl Itlver to
Intermediate points on first and sc'cbnd
class commodities of ?1."2 per 100 pounds
when lower rates are applicable to qoast
terminals.
Explaining Its order, the commission
says:
"Wo havo reached tho following con
clusions: "First. Wo should authorize a, certain
degrco of relief from tho requirements'
of the long-and-short haul clauso on this
traffic to enable theso carriers to more
effectively compcto with tho water lines,
but the rail carriers cannot expect, and
tho commission should not authorize
such a degrco of relief os will secure to
the rail lines tho same percentage ot
the traffic to tho terminals' as thjiy -.enjoyed
prior to the opening of the. canal.
"Second. Thoy can secure a portiorj of
tho traffic to tho terminals on these com
modities by the establishment nf the
rates proposed, and such rates will -afford
somo rcvenuo In excess of the out
of-pocket rost Involved.
"Third. Tho carriers should, within
renBonablo limit, bo authorized to make
such rates to Intermediate points In ,the
so-called back-haul territory as will In
duce tho direct movement of freight to
such points from tho torrltorlca served
by theso lines.
"Fourth. The proportion of tho, freight
hauled directly by tho rail lino's to thq
various destinations In this back-haul
territory should be greater than 'the
pioportlon hauled to the terminals nnd
should increase ns distance from the
const terminals Increases.
"Fifth. Tho rates to nil tho coast ter
minal points being practically the spine,
and the situations at Intermediate points
being substantially similar via all linos,
tho samo method of constructing rates to
Intermediate points should be followed by
all lines.
"When the rates to tho coast cities are
lower than to intermediate points .be
cause ot controlling water competttlop,
every inland point should take rates
higher than those to the port cities, either
by arbitrages varying with dlstanco
from the nearest port city or by propor
tions of tho local rates from such porta
to destinations. Theso rates should" bo
fairly graded from the ports po tho in
terior. Wo shall authorize the establish
ment of rates to back-haul points con
st! ucted by adding to the full rates to
tho terminals, arbltrarlea varying with
distance, but not exceeding 75 per cent,
of the local rates from the nearest ter
minal, tho aggregate not to exceed-the
maximum which we hava prescribed ,for
Intermediate points in this order."
MARCH IRON EXPORTS
Exports of. Iron and. steel in all forma In
March showed a tain of I4.500.O0O oer Febru
ary, and exceeded by ISO. 000 the shipments
In March, 1U14. Exports In March wero S20 -l5,!)-4,
compared with 110.481,125 In Febru
ary. SIS.COI.l.OU In January, and 20,665,7tT
In March. 1014 The larcest Increase was In
the shipments of machinery (exclusive ut
electrical machinery), which amounted t.i
sio.n53.Ni5, against T,ai8,407 In February and
$11,588,274 In March, 1014. Structural nlate
rlal Increased from S47S.10T In February to
ii.'l,!il'5 In March Moro than half a million
dollars was gained In wire exports, which
were talued at 1.040,074 In March, com
rared with ll.ooi.oOl In February and TOOT.
dU2 In Marrh, 1014. .
tlalns were, also shown In ahlpmenls o'
sheets and plates urn! plpea and r)ttlnxr. Tin
rilittes and terne Plates expanded more than
froo.ooo. , "
In spite ot the large quantities ot flrearraa
purrhssed In this country, exports ot this
ninlnrlal hnv. ahrrwn n ...av Hitcllnn In
Mnrch they amounted to only X545.718, against
iMi.nn in reoruary ana ..100,7
January.
J,75T n
TONOPAH MINING MERGER
It was today offlolally annuunced. that the
Tonopah Kxtenslon Mining Company, the
Tonopah Merger Mining Company and tha
Tonopah Victor Mining Company have agreed
to the purchaao of all ot the properties of the
Merger and Victor Companies on tha follow
ing termi: All tho Merger property to bs told
to the Kxtenslon In conslderstlon of exten
sion assuming debts of Merger and paying
the Merger at the rate ot one share at Bit.
tension stock for every seven aharea ot Merger
slock Issued. All the Victor property to ba
sold to Extension In consideration ot the' Ex
tenilnn assuming- debtn of Victor And paying
tha Victor nt the ralo of ona share of Kx
tenslon atock for every eight and one-half
shares ot Victor atock Issued.
MINING STOCK QUOTATIONS
TONOI'AH STOCKS.
if,,..
Jim Butler
MaoNamara .....
Midway
Mlxpah Extension
Montana
North Star ,,..,... ,.,,,
Tonopah Rxtenalon
Tonopah Merger ,..,,,,..,,..,.
Tonopah Mining ,,,,,,,,,.,..
Tlescue Eula ....,,.,..,......,
West End ,.-....
OOLDFIELD STOCKS.
Atlanta , , , ,
Mlue Uull ..,.,,,,,,,,,, v...
liootn ..,,,....,,.,,,,.,,..
Hulling
C O IX...
Comb Fraction .....................
DUmondfleld D D,. ..,,,
iMIsy .,,..!,.
Florence ,.,,.,
noldtuid Consolidated
ColdAell Merger ,,....
JumbQ Extension , ,,...... ...
Kewanas
oro ...,.... ,....,.,.
Fand Ken . .... ..
Silver Pick .,
MISCELLANEOUS,
e7at;.-:'T.'fi5Xohloa.rT.'ia.V,Tum!
mer crate. No. if, fi0e.tf 1 labbage. Charleston,
rer crate. IS !MJ T5 cablwge. korth Car
un ana orioix, nr crate. I2S2 50: caull
ftowir. Bouth Carolina, per crate. Jl.Boaii
lettuce. North Carolina, per basket. TScTtltliv
lettuce, eouth tarollna, per basket, flB1.50;
beans. Florida, ax, per basket, S1.50BS2S
Uans. Florida, green. pr basket tl.5oi2.5o!
fUmt'h CaroUna. large, 1 251 50, rfoulh"'aro
lo. sraall 75ceif.i5.'tfSPlant. Fforfla. r
tSi UP ro' V.ucSPf ? Florida, ptt Ujket
tIt2-M. s.quuh, Florida,, per basket. 11.504 1.
psppsra, Florida, par carrier, tint; btets, Fior
h. ft 100 buncKis, Um. U?l CnaritiA.
per 100 bunches. 5T- tomatos. Florid, par
carrier fancy, J 55i.7; chaics WSS 25 eel- ,
S"' FtofHi,,,r e"Tt' 75a ajJiW. ft
bunrh, 10EOo.. isufhrootas, par i-lb. Uskn, 1
COcsfl,
Falrv Axtea ... . .
Kimberly ... ....
Nevada; 11111 .......
NavaiU under . .
Bid, Ask
.SI HI
.O-t 05
.IB 1T
25, IT
.in 18
B't 3 ,
.11 4a
TB 1
.81 x
l Tx
,n ut
.05 1XJ
.Oft. 10
. ,0:1
PI .uu
.45 .4H
1.00 J.JS
.1 15
, CS to
OT 08
, .oa .07
. .02 Ol
. .63 T
211 ii
.170 lt3
SOUND INVESTMENTS
Hanover & McSherrystovm
Street Rwy. Co.
itT &, dtji: j vnb, 1SUi
I This Issue) of bonds la se
cured jy an absolute first Jlfll
on all the property pf th cofa
party. ?. Company has been in tit
ccssful operation for Bvwr
twenty yenrs.
S. Proprt- cost ovr JOIfc la
exeats ot bonded debt-
4. All franchises are, per
petual. Price 03 nnd Inter t. ;ilMtx
0J53,
BlAaER6Qi
M