TmmmMJfT if-ummw-' i,x m n,wKwmw . Mmwfrmi(Mi vrvmmm.t., vmvmf1
37?TW7,YaH5W,TOEs""'w
r'JSfHP
EVENING LEDGERPHIDADELPHIA', TUESDAY, MAY 25, 19lSr
1I
f FOREIGN TRADE BALANCE OF $1,000,000,000 IN FAVOR OF UNITED STATES IS IN PROSPECT
J
itONE TO THREE POINT
i Aoci7! eunww at i?wn
Bfc.. AWUOUllWllllillUlW
i
Republic Iron nntl Steel Shares
W nronocd When No Action
vMi ... m. nl.JJJ
WHS 1MKCU UII .IVIVIUUIIU.
NEW 1'OHKi Mitjr 25. The volume of
JinllnKS on WO biock. iiunanin louajr
vCPfl a marked railing on, ana tnoro
. very little Interest taken In any
issue Cables from London reported
.JL .omn stats of Rffalrs exlated
no 1 vrnvA tViA nnrtnlnir nf
Ih.rA HUI iC.Wi ..... .,.... .r. -
e market London sent over a list of
.TL.. nflccs. Tho Exchange thero was
JZn today for the first time since last
vHdav. when It closed for the Whllsun.
' 55 holidays. In view of tho fact that
het was very lima ncwa 01 import, ine
-.:.. roll hack on the belief that very
iiitte would be dono until the German
rlDly I" received. HeportB had It that
K-ihe answer from mo riniscrn uovcrn
u "cnt would be received along tho latter
'nrt of the week.
FPThre was an absence of demand at
"file opening, and transactions sencralty
fVro at the cost of prices. Bpcculatlvo
, 'interest waa almost entirely aDsent.
i..,... ....w ntr n ruin, n nlltrnt frnntlnn
under the final of yesterday, while In
lome crises the losses wero greater. On
lihe other liana, several 01 mo minor
Industrials matio Buuommiiii kiwiib. 111
this- group wns Hepubllc Iron and Steel,
which roso moro than l',4. Some strength
vis also Imparted to tlio equipment
I'-iHarM. From tho low tncro was a sngnt
rally in soma inam;, uui ik uiiiuuiiitu
ti very little, and tho market remained
dull throughout the morning session.
Trading continued to lag In the nftor
noon session. Thero was no Increaso
. j.Mnit nnrl thn nnffln unltlno- ntll-
tude of tho morning remained In forco
and the list wns Irregular. News that
t the directors of tho Hopubllc Iron and
1 -Steel Company had tnken no action on
iha nreterred dividend, as Bind been
rumored, caused a break In the prc
B Jorred stock of 5 points from the high.
h' and the common declined In sympathy,
J ihowlng a loss of more than 2V4 before
r I o clock.
f After tho meeting of tho directors It
I WSS ftllllUUtl"" I....V fc.. ............. ..uU ......
, even been considered and that thero was
h no basis for tho rumor mat one wouiu
IT w. j..IbiaH tnrlnv. Thu Street linH It that
I payments would bo restored nt tho rato
P f li ner cent. No dividend has been
2 paid by the company slnco shortly nfter
Lthe European war began. The earnings
d of the company have been making a
K. gOOU Biiuiiih mitww . ....... j, ...... ...
p understood that tho Income Is moro than
jfVuflielent to pay mo regular rate on ino
- The market closed weak, everything
in th lint, with few exceptions, showing
'klojies as compared with tho final yester-
dty. Losses rangeu iruni one iu turcu
Epolnts. .,
Delaware, iuuniiwiijuuL nu iv.dicui
sold for 4W, a decline of 13 points from
the last previous sale.
. In the batch of news which camo out
"inrlno- Inn rinv the most Important W83
fthe announcement by Secretary Rcdfleld
3i that the foreign trado balance in favor
of the United states irom mo nrsi o
Ittt August until tomorrow would ex
ceed $300,000,000, an amount never before
ViUfrl nf In our foreign trade, and this
l being constantly added to, although It
W -realized that tne entrance ui naiy
Into the war will cut down our exports
'to the Teutonic and Scandanavlan na-
ens; It Is pointed out tnat tne aemanas
,i.ir.h Tmiv will make on the United
Wdtes from now on will mako up for all
floists on this point. Tho belief Is that
'(, imriA hnlnnrn will finally reach tho
s.Uliop-dollar point.
cla-W-xoe uaiiimoro unu umu cuuiniba w.
'April, which la tne secona large ..astern
Wljttem to report us inconin iur umi
fmonlh, the Lehigh Valley being tne urst.
do not mako a very good showing, and,
ifyi lor tne iaui inui upciukuib uAcnaca
'yittt judiciously pared down, the road
vinoM t.n..A iiV.nnn n rlonrpnnn In nnt. ns
fKnvmu ,.o mi"" wW.- ... .
fthe gross earnings for the month fell
li$3,.lS behind tho same period of last
year. Dy cutting expenses tno roaa was
enabled to show an Increaso of $192,745 In
i,B, The ten monms gross was ,oji.i..
llb.hlnd the preceding year, whllo the net
ijtas $163,133 larger. Tho company's stock
Vlt a litis below yesterday's close.
The Southern Hallway showed a de
crease of ,5S9,361 In gain for April, but
there was an Increase of $101,121 In net.
'He 1Q months' showing waB poor, how
ever, thero being a decreaiie In both gross
indnet, the former dropping $7,358,739 and
the- latter $3,653,805.
RjThe outlook for tho Missouri racino is
wore rosy than It has been for quite a.
while. It Is now believed that tho road
HI succeed In escaping receivership. Be
Ltween $13,000,000 and $15,000,000 out of $25,
MJ.vCO of the notes which mature on Juno
alhave been deposited with tho Union
Trust Company, under the road's recent
ff offer to noteholders to extend tho notes
If 'fer another year at a commission of a
! -alt of . per cent. Of the total al
U ready deposited aro tha $6,000,000 holdings
, et the Qould estate and those of John I,
Rockefeller
u does not. however. Include those
turned and represented by Speyer & Co.
,TbJs amount la believed to be between
8,0Ov,00O and $1,000,000. As yet tho firm
has given no Intimation as to what It
lI11 do. The officials of the comDany be-
BTa that deposits will now como In rap-
fiV
NEW YOtaC CURB
niri
:3i
Kim ...
iil,l.Atnerlcan Tobacco old.
nUii-Amerjcan Tobacco new
IO.a, Cananea
Htm Vally Coal Balei
te
5 Editor prtf
SSTrJii-"'1"" iiiiHM.
RJoUcco Froducta
T
70"
02
..18
D-l
07
Askad
7h
IK
17
le.vs
a
B
7
4
B7
Ml
US
BANK CLEARINGS
jBak clearlms today compaied wlth.eorfe
poalOB day lait two yeara: '
. t Bt" to" I0"
C'lUdelph a. 124.007.007 t2S.lia.SU I21.IK1S.IM
&""" 25.8.12. tWI -4,a77,ail 24,742,175
ftj. Ifork 204.2IW.B.U 308,8S1,imi 3I7,K,8'W
MajO , ,S74,I32 5040.' tOJ Bl,720,U7t
i,'i., "' Ji.zo,ua Jl,.'20,lo
Mlltaora ,, 4.453,876 6,002,458
ft"S4 -iiar stores vi
Colled Cljar Stores prat 10S
i?l' l'!011' Sharing new au
Jortd Him , 414
11,541,143
0,701, uia
RATE FOR MONEY
adelphu
lorn ,
Call.
Menu ' 2.,o.
EiSffl,,'",'?LwpVrV three to ali monlh., Phil.
Reserve Banks' Discount Rates
V8P&PP
nZX . '!.
tvl..j '
ebaop4 ."'.
Kr'
ii , ..
J, wain
BMpol
EftS r
f ?neico'
30 or SO or 00 or Oyer
less
4
00
4
4
4
1"
;;?
PM VU
4Vi B ,
sa
4 4
b a
ft I14
h
Foreign Discount Rates
KT?
RW ...:.
GS
Bank
rat.
..
.. O
.. a
.. a
.. 8
Data of last
aSS: 20 101
Deo. 23
Xu$. 31. 1814
April 10. 1013
FOREIGN EXCHANGE
W Vim.. -. . ...
i ." ?y xcnaiig nir
, wun a 43 ma q a luruns up -9.
uir&it -"
4 TO 5.41V,
1 H
New York Stock Sales
.. tal clow, ltlth, Low, Close.
Adams Exprcjii ....... 84)1 84 84 84,
Alaska Gold Mines .... 35 351. ,14! 31)(
AI1L-Chalm Mfg lfiW 10U 10 JO
AmMeamatedCop .... 00! C0'( 05Jf 05J
Am Agr Chemical ..... 6i! 62 62 62
if m BoU8f,, .' A6H 4H Wi Mi
AmllrakoS &F pf tr.150 149 149 149
AmJ?an ;)f 37) 30)i 30W
AmCan pf 97 07 07 07
Am Cat ft Foundry ... 625i filjf 61 61
Am Car & Kdy pf 112 11IH 111M I11H
Am Cotton Oil pf 02 0IU 91U 9l
Am Hide .t I, pf .,,,,. 30 20 29 29
Am Ice Securities ...... SOU 10 HO 30
AmLlnsced 10J 10H 10H in)
AmLocomotlTO 48U 40K 47,' 475
Ammelt<e: 07H 17), 06H CfiH
AmBmcltAHef pf ...102U 102lf 102!( I02U
Am8uiiar Hcflntnz ...100H 100JJ 100)J 105Ji
AmTcl&TcI HO 110 119 110
Am Tobacco 228)4 220), 220 220
AtnTobpfnow 108 W 103 103 108
AmWoolonpf 84W 81U 8IW 8U(
AraWrltlne Paper pf . 14 o), 0)1 OX
Anaconda Copper aijf 32 31H 31H
AlcliT&SK 00 O0H HOJf 00W
BaWwnLoco 40f 60M 48) 48)
BadnlnLoco pf 101)f 101J 10l)f 101)
nalllmoro & Ohio 72H 2I( 72)( 72H
natopll.ii Mlnlnz 1 1)( Hi 1)
Dcthlchcm Htcol 140 130 13S 139
nelhlchem Steel pf ....ill 112 111)4 112
DrooVlmllapTraii ... b7) b7) 87Ji 87J,
Hrooklyn Union Qaj ..122H 120 120 120
Tlutto8uperlor 70 71 00), 70)i
Cal rettoleum pf ...... 38)1 38(4 3SH 38VS
Canadian Pacific 100( 160 10) lOOJf.
Cent Leathor Co SO),' 30), 30X 38J(
Cent Leather Co pf ...102)4 102M 102)4 102H
Ches&Ohlo 40!f 4054 30)4 40
ChlnoCOpper 44U 45)4 44H 44)f
ChlOtWest pf 20 28U 28U 28)f
ChlMH&StP 89 8I)( 88), 88H
OCO&StL 30 30 30 30
OOC&StLpf 8 67)4 67)4 67)4
Chl& Northwest 12514 12514 125!f 125H
Chlltl&P 18l( 18J4 17JS 17f
Colorado Fud 4 1 34f 32)4 3d 3')
Continental Can 6SH 60 68H 60
Consolidated Gas 123K 123)4 12:m 123)4
Crucible ateel Co 32)4 32t 20'i LD!
Cruclblo Steel prof 02)4 00 80 SO
Cuban-Am Sugar 70 70V4 07 07
Cuban-Am Sugar pf ... 09 100 100 100
Del Lack & West 417 404 401 404
Den & Itlo Grando pf . 13 1214 12)4 12)4
Distillers' Securities ... 10M 1GU 16tt 10
Brio 20 20 25H 25)4
Erlelstpf 40)4 40U 40) 40)1
General Electric 162)4 161 160) 160)1
General Motors pf .... 98)4 08)4 08)4 08)4
Goodrich!) K Co 14 4414 42)4. 42)(
Goodrich B F Co pf ...102 101J4 101J1 lOUl
Granby Consol Mm.. 70)1 107 107 107
Great Northern pf ....116) 110)4 110 1)0
GtNcfsfororaprop .. 32X 32)4 31M 31)4
Gucccnhclm Eipl'n ... 59)4 00, 68! 59M
Illinois Cont 105 105! 105! 105)
IntllarvJf J 14)4 04W 04 0Jf
IntllarvCorp 00 07 00! 07
Inter-Met vot 1 0 20) 20)1 2J 20
Inter-Met pf 0014 OOH 09 ' (iOH
Inspiration Copper .... 2M 30 :0)1 20)1
Kan City Southorn ... 25! 25! 25) 2551
Lack Steel 40) 40 -15 45
Lehigh Valloy 140) 141) 141 114
Lorlllard Co .....170 100 1G0 1L0
Maxwell Motors 41 42)4 41)1 42
Mai Motors 1st pf 8.) 8-1 H 81 84
Mai Motors 2d pf 34) 011 35 35
Mackey Cos 80H "0)1 70 70
Mlnn&StLouls 1451 15 15 15
MStP&SSMpf 125 12i) 125 121)
Meilcan Petroleum... . 7i)M 71) 68) 00
Miami Copper L'551 25) 15 25
MoKan&Tcias 1251 12 11 11)1
Missouri Pacific 12 131 12) 12)4
Montana Pocrpf 101) 101)1 101) 101)1
National Biscuit pf,...121H 110 110 110
NatEnamcllne a.... 15)1 JtO 15)1 111)
Nat Enamel & S pf 80)1 82 82 82
NatLead 01)4 02) 00)1 00)1
New York Central 80 85)4 e5W 85)1
NYNII4H 03) 02J1 02J1 1 2J1
Northern Pacific 104X 104 104 104
Pacific Mall 22)1 22)1 22)1 2251
Pacific Tel & Tel 28 31 31 31
Pennsylranla 10051 107 107 107
Pittsburgh Coal 23 22)5 22X 22)1
Pressed Steel Car 45i 46)1 44)1 44)1
Pullman Co 163) 153 153 153
Hy Steel Sprln- 32 31)1 30 30
Bay Con Copper 23) 23)4 23)1 23)1
Beading 143)1 M3H 142)1 142)1
flep Iron A Steel.. 2SJ4 3D 284 285
Bep Iron & Steel pf .... to c.9 64 84)1
Bock Island Co M M H 1
Bock Island Co pf )4 H 41 )1
BumelyMCo 411 4H 4)1 4ii
ItumetyMCopf 131 13)1 13)1 13)1
Seaboard Air Line 135 13 13 13
Seaboard Air Lino pf ... 33)1 34! 34U 345
Sears Koai Co 13051 130 130 130
blLouU&SF 45 4J1 45 AH
61oss-SneI S & I Co 34 34)4 3333
fcoulnern Pacific C8W t8J 83 tSii
boutbernllv 11 )01 10! 10'
Standard Milling pf.... 70 G8'i 03)1 08)1
btudebaker Co 07 07 65 05)j
Studcbaker Co pf 07 CGI 1)0)1 0051
Tennessee Copper 33)4 U 3)1 33)
Teias & Paclflo 10 151 15'f 1551
ToledoStL&W pf.... 0 6M 6)1 6)4
Twin City I1T 07)4 07)4 07)1 07)1
Union Bag Paper.... 0 6K 5)1 5)1
UnlonPaclflc 120)1 120)1 125)1 120
United Bys Invest 10 10)4 10)4 10)4
UBCastlP&F 17 15H 15)1 lflM
UbBubber 03J1 (MM U3U t3!i
US Steel 64)1 55 53?1 54)1
USSteelpf 100)4 100)1 110 lotljj
UtahCoppor 05 05! 14 05
aCaroCbcm 31 31)1 3i51 3151
VaCaroChempf 07 07 07 07
Va Iron, Coal & Coke... 37 38 38 38
Wabash 51 51 X !
V, abash pf li li ' 91 Si
Western Union Tel C0)j OOH COM COM
Wesllnghouw Electric. 00 00 02)1 03)1
Willys Overland Ill 115 115 115
Woolworth pf K0)1 121 121 121
Copper Exports 11,501,528 Pounds
WASHINGTON. May 23. A total of 11.501.
SM pounda of copper or all claawi, valued at
Sl.9il8.603, waa eiported from tha principal
rustoini Clatrlcta of the United State, during
tho week tntled May IS, the Department pf
Commerce lodav renorted. Imports for the
period wore S.8M.485 pounds of ore, worth
V42.338. and 8,704, B14 rounda of piia and
other forms, valued at J322,ioa.
CRAMP SHARES
MADENEty'TOP
Active Buying of the Stock n
Feature of Local Market.
Philadelphia Co. Report.
Crnmp Shipbuilding ghnrrs continued to
be a center of Interest on the local ex
change today. Tho quotation ngnln
touched 39 nt the openlnK rind then nd
vanced a full point further, making n
new top for tho movement nnd Incident
ally tho highest price nt which the Btock
hns Bold In some yearn. United Htntea
8teel was nctlve, but reactionary, nnd
Oeneral Aephalt lost a point. On the
other hand, tho preferred moved up n
fraction and Baldwin Loccmotlvo ehares,
both common and preferred, wero In de
mand at ellglit advances, Lehigh Naviga
tion was picked up by Investors. The
company mndo formal denial of. rebating
with tho Jersey Central,
In tho late dealings Baldwin Locomo
tive lost Its earlier gnln, reacting more
than a point below ycaterday'n closing
quotation,
Philadelphia Company securities were
Inactive. Tho annual pamphlet report for
tho fiscal year ended March 31 was moro
complete as to detail than In previous
yonrs, especially In tho presentment of
operating results of tho Individual sub
sldlarlcs. Tho following tablo gives tho
gross earnings nnd net Incomo nfter fixed
charges, etc.
Philadelphia Co JJ'?S'X??
nitaburgh Ils "'2IMSU
llrmer nlley Traction. , 34,n
Dunumno Llitht 4,WS,802
Comolldated Una Co. of ,.
I'lttsburBh 150.S15
IlcHcIt after charges.
Interest attaches to the Pittsburgh Hnll--ways'
figures because of tho controversy
with the Philadelphia 1'rotoctlvo Commit
tee over tho preferred stock of tho United
Traction Company of Pittsburgh. Ono
of tho complaints mado by holdets of
United Traction prefcrefd stock Is that
thev do not obtnln figures of tho earnings
of that property nlone, Instead of having
Its operations Included In tho Incomo ac
count of the Pittsburgh Hallways Com
pany. Tho flguro of 111,670,001 gross earn
ings given In tho nbovo tablo Is tho com
bined earnings of tho Pittsburgh Kail
ways and United Traction. Operating ex
penses amounted to 7,615.130 nnd taxes
H3S.0S1. Itontals wero paid on leased prop
erties amounting to J2,839,20, and llxed
charges were tf:o,33S. Tho previous year's
total surplus was $030,031, and on March
31, MB, It was $627,273. Before arriving nt
tho final surplus llgurcs for last year tho
company deducted $5t,150 discount on se
curities sold and wroto off 14S.D16 deferred
nccounts. Tho Pittsburgh Hallways for
the year had a decrease in gross of $112,
765, or 0.95 per cent., while operating ex
penses wero less by $280,763, or 3.65 per
cent., resulting In an Increaso In net earn
ings of $107,079, or 4.32 per cent. Operating
ratio for the yenr wns 65.25 per cent, of
gross, as compared with 67.01 per cent. In
tho preceding years. In tho year $1,453,061
was expended for Improvements and bet
terments, of which $1,073,070 was charged
to capital account and $379,091 to deferred
malntcnanco account. In addition thero
was expended for mnlntennnco $1,183,427.
It Is understood tho local Protective
Commlttco of the Pittsburg Hallways pre
ferred stock will shortly propose a. now
plan to flnanco tho prcforred dividends.
$.1,W.1,.'10.1
100,000
l7,r.oo
1,7HMM
227,603
COTTON
NEW YortK. May M. lMces at the oocn
Inic of the Cotton exchange this morning wero
from A to 7 points louer, or about on a parity
with the mnrkot In Liverpool. Tha lono waa
etoaily. Trndlnv was dull and not alcnlflcant
of any change of sentiment olther way. Thero
was nmatl buying by Wall street homes.
Wpather conditions In the cotton belt wpro
fa.ornl)l( helnir fair and warmer, with only
a. few sIIkIU ahowcra In widely scattered
sections.
lea. clone, unrn, .hikii. iw, liohc,
Julv ..- U.M H.45 0.47 I..V P.31
October n.fin n.Ri n.8 0,72 11.72
December ..1. 10.1.1 IO.OCI 10.0J1 n.ni 0.111
January 10.17 10.10 in.10 o.M n in
March K.4l 10-33 10.33 10.2S in,2t
Spot 0.70 0.03
NEW YORK COFFEE MARKET
NOW YOIIK, Mav 25.-Qu!et conditions con
tinued In tho toffes market today. rrlca
changes were narrow.
Today's Yesterday's
opening
April
June S.no
July '"..VI
August 'I.M
.September 'its
October tl.03
November
Dccomber 1.72
January H 7S80.81
February t.R7
March 8 84
Did. lOffcred.
ClftiA
7.00fl7.0t
S. 8380.37
ll.SSatl.lll
11, KU 11.111
tt.fwmn.tfi
ll.70yafl.TJ
D.73fi(1.7l
.7iian.77
l808.R2
H.Sitfill.87
8.02 If 0.03
LIVE STOCK QUOTATIONS
CHICAGO. May 23.-HOaS.-rtecelpts. 11,.
000;, market steady; mixed anil butchers, $7.30
,7 1; good heavy, I7 03B7.53; rouifh heavy,
f7.0.',H7.1(i: light, 7.:t.17.C5: pigs. 3.7SS7.23;
nulk. 7.W17 0.1.
t'ATTLr:. Ilecelpts, 23.000; market atwulj ;
lieeea, 7f?7..'!0: rows and heifers, $3.2.inn.03;
TMnn. (12Sf.Ml. cahea, $il.wao.23.
S11KGI'. Hocclpts, MXJU. market stronc: na
tive and Western. H.rai'jjS 23: lambs, $7.73
10.33; spring lambs. t3..Wf12.60.
NEW YORK BUTTER AND EGGS
NEW YOIIIC, May 23. Ilutter-Market
firmer; receipts, 21,74(1 packages, extra, 28v,Sj
2SHc: hlcher scoring, '."tj, f2!vc ; Rials
dairy, 28a29Hc. Imitation creamery, 21Mf
2iic
Hites Market steady to Arm; receipts, 20,
0O7 packaces, extra firsts, 20821c ; regular
packed firsts, 28h1f2tHc. ; regular packed
nearby whites, 22HHr23Uc; mixed color, 20W
21c : nearby browns, 2H4i22c.; extra firsts,
20JS821C, sioracs packed; firsts, 20S2QUC
DIVIDENDS DECLARED
Central Leather Company, regular quarterly
1 per cent, on preferred, pujable July l to
stock of record June 10.
rettlbone-Mullken Company, regular quar
terly li per cent, on both first and eecond
preierreu, paa.uie July i.
FINANCIAL BEIEFS
The St. Paul crop report shows growth
of all g-ralna about ono to two weeks
late, as compared with an average sea
son. There Is plenty of moisture every
where. 'Warmer weather Is needed In
a few localities, where slight damage
was done by frost last week, but this
will easily be taken care of by replant.
InS. The acreage for all grains Is about
the same as last year. i
An official of one of the nvo railroads
which the Interstate Commerce Com
mission has ordered to dispose of their
Great Lakes lines stated that the dls.
posal of them would effect a saving to
all of the roads with the exception of
tho New York Central, The annual losa
to the Erie from the lake service, Is be
tween $600,000 and $1,000,000.
Tho city of Melrose, Mass., wlUV r.
celve bids until 12 noon May 27 for the
nurchaso of $25,000 i per cent, bonds, and
will alio receive bids until 13 npon May
27 for the purchase at discount of a tem
porary loan of i0,000.
The Maine Public Utilities Commission
has authorised the Lewlston, Augusta and
Watervllle Street Railway Company to
Issue pw.OOO 5 per cent, three-year notes,
dated July 1..19X5. and maturing June 1.
WIS.
neadlng first preferred was quoted
ex-divldend .except for cash.
According to rumor. , J. V. Morgan &
Co hava effected some agreement wth
the British Government whereby they
are to support the market In sterling
wchango whenever the Quotations go
below a certain figure. Members of ths
banking firm, however, refuse to con
firm this report.
Announcement Is made by the Standard
Oil Company of New York of a reduction
of 5 points In tt&Mi petroleum. In cases
for export, making tho "price 9.75 cents
per gallon.
Charles J. Rhoads, fjovernor of the
Federal Reserve Bank of Philadelphia,
will address a meeting' of Clrqup 9, Penn
sylvania Bankers' Association, at
Altoona. next Monday,
William Fellows Morgan waa elected
to the board of the American Beet Sugar
Company to fill a vacancy,
Robert Byars & Co., successors to
Sprague & Swe'ikert, are moving their
otilcea from the Bellevue Court Building
to 131 South Broad street.
Tha Southern Pacific Company has or
dered 25,000 tons of open hearth rails from
the United States Steel Corporation,
Sales were reported of spot delivery
prime Western spelter at 18 cents, the
highest price thus far paid.
The prlco of lead was advanced ten
points.
New York banks lost $1,403,000 to tho
Subtreasury yesterday and have lost
$3,678,000 since last Friday,
The Chicago Board or Trade will be
closed next Monday, Memorial Day.
The visible supply of Canadian wheat
decreased 1,039,000 bushels, oats decreased
119,000 bushels during- the week.
Emergency currency outstanding has
been reduced to $3,800,000,
As May 30. Memorial Pay. falls on
Punday, the legal holiday will be Mon
day, May SI, and the New York Stock
Exchange) will close. As yet no petition
has been circulated among members re
questing the Governors, to grant the pre
ceding Saturday as an additional holi-
ay.
New York Bond Sales
10CO Ann Asr An .. .. UJ
ni00 Amer Tel evt,4it lOOV
sum Armour Co 4 .. vt
P5W Atchison cv 4s 1051 . I2
.'wo Atchison cv Us 1017 .loo
JiTO) Atlan Co l.lno clt 4s S
20011 Italt A Ohio au .. IHP
20(10 Unit & Ohio cv 4Us.. Kit
'.'O'O lleth Steel 1st ft . Dt)
2JOOO Huh Ktecl rfd fta .. Ul'J
4."O)0 lirookn Itnp Tr Us 'IS nVi
-ii"u nrooKn imp IT OS . nil
Lot. C1o.
IU l2
UK) 100 ,
12 .MM
1(
lOOu Ilrookn Un Klv 1st ."is im'J
loon Ilrookn Un (las 1st f.s 10.1'i
loji Canada South ftn
20 o cent Leather 1st oa
2(i0o Cent Pfte 1st 4s ..
4U00 Cent It It N J ns .
1000 rhes & o cv 4Us..
inon Chl & nast lUHs
10-2
fl!4
87
ini
721,
73
(111
IIKHIO Thl II AQ Inlnt 4r.
S2.K10 p M flt l cv Us ret. iron
wr
8..00 C M Ht 1' CV 4Ws,
otwi c ji ft at i sen t'A
i soon Chl li l v ns..
l(OC) Clev Hh I.lns 4V,s l2
lOiiil mi A South ref 14s... it
1000 IHtrolt United 44s ... 74
WOOD Dls secur Corp M ... RO
7W) Krle conv 4s Her 11 .. 074
1IPOO Ma & Entt Co 44 . . S'S
Kioo Kort W D in Cii inilj
10OO Hen Rlee .leb tm 109
IChki lon central rts 854
2ITO III Central rM fta .... 87
How Ins Cop cv Os 1214
2UCO llilerh Met Wl 71
POno Interti Tt T ref M 0'
ivxki mier Mer Mar 44s ..
MOO Ind Alcohol fts ....
2000 Jap now Ger 8ta 44s
ui lnpap isi 4Vjs
1004 lOOJk
874 874
P0i Wf.
8V4 TO,
P14 H1
imv mi.
lot lnl
004 miH
1014 10.Hj
1M 1D2
on m4
so;; P)
in 1131
73 7.1
P.Vi lI
1UJ4 10,14
pa uo
1IW4 104
1014 101
WZ 112
fit HI
74 74
r7'. so,
(174 "174
RS .884
w
12.14 1244
pa P7' OS
4111 415 41
iml WIS l"2
7-1 . 7.14 7 14
lOfni Kan City So 1st .'Is , ..
1i0O tjicka Steel 0s 1W2 .
loon Ijcleiln (la 1st fts .
lion lite shorn Ren .14s.
..tut 1. ek jt. 1. inn
.(W ,. C"ll .I,-,' !. .V.1..I
74
SI'4
1
1000 Iirlllnr.l .V. DO'l
2X I.nuls ft Nash 4s ('2',
tfXX Mo Kan it T Ds PI
2MO Mo I'ac 4 4.1
1P0O Mo IMP CV Cs 41
nmn Mont 1'oner fis 004
100(1 N V Air nrokn cvt s. wmj
IRsoon s v c ft Hud n ret..l0l.
tl'iioo .V Y O Hud 14a... 1174
flOOO X V City 4s IMP .... 110
U'OO N v niy ly iimii lin'i
.iihhi it y 1 uy l''' hi ..
IMio N V city 44 Nov M7
mrn X V N II All 34l '."I
lonim N y N II II m.
40d N Y Xlny odj Ss
1ikio N Y Slate 4s IPill
2100 N Y Tel Ken 44
.linun Nor I'nc prior 4s..
.1.1011 Nor I'nr ccn .Is
10000 I'nrlflc Tel ft
20TH1 I'onrm 4a 1DIH .
1fL?fMMl Va in UCi apn 11 vf I 11
tiooo IVnna col 441 1034
1000 I'CC & St I. 4'ifl ser I) P")4
1TOO Ttny Con Cop ha 120
jono Itvndlna: Ren 4 014
1000 Ileadlmr-Jer Cen 4s ai
.17000 Hock Islutlil rfd 4s OI4
2200O Hock Island r.s 4a
lOOOn ny Slrel Sprs fts 1011. IU4
rK)0 HI I. & 8 r rfd 4s ivi
VM)0 Reahnard A 1. odl (Is.. OI4
icon South I'no col 4 814
40011 South Pao cv 4s R14
4mo do cv ret p lftll n'14
:t Tl
(17'4 OT'i
111 01
10.1i 10li
ai l
Hlji
1014
i:
no
. W14
.100.
. I"14
. 1114
. oi'i,
11114
1174
SSii
SI
4S
41
1 in
ini
on!
02,
SI
4.1
11
no
lono South rao rfd 4s "!4
10011 sou(h i'no Term os... ,
,'locm South Ily Ken 4s flS't
lOOOO South Itwv con .'. .. IO4
4000 Texas Co cv lis P:4
3000 Third Ao new 4a.... SI4
2000 Third An ndj 5s 7U
20OJ) Trl-CIty lis OS
toon U fl Ittibher Cs 1014
40O0O I' M Steel 10l.
.100 Union I'ac 1st la D.V)i
1000 Union rac ov I .. .. 00
loon Un nwyii s r 4 . .. 4.1
67000 Wabash 4s 2I4
4000 Wnhasll 1st 6s IOO'j
1700OO IVnh Knu ct sta 4s... 201J
3000 Mst 17 lev 6s 101
7400O W.t 10 He M rv 6s... 1014
4000 West Shoro 4s 80
PU'J. P0J4
I01S 1011?
117 J, 074
ml'. n.l4;
1014 in.1j
"04 "!?
11144 1014
m 11.1
10114 1 in
.-,04 004
1001, ioojJ
tilUj 004
hi m
0.11, IH4
imi 1174
P74 U7
1IV14 1014
nn4 pt(,
120 120
l34 1)14
M 01
01 nt
47 47
014 014
n. in
014
814
POi
WI4
snij
70
mu
H'Ol
004
814
-n
lam unu
14114. Wlji
Pill ll-.li
111) llll
4.1 4.1
:o(i 20
looit 10114
I7j IS
ini 101
10114 11114
80 S'.t
niu,
814
SOI,
804
70
IW4
O'lS
oni'j
814
7n
os
Sales in Philadelphia
200
101
vr.
20
.10
n
200
1
101
.1111
1111
6(1
127
3..
122
430
10
2lt
10ft
173
421
121
400.-.
nor
18(14
40
loon
.10(0
12111
27
600
0000
innn
loon
.Midi
67000
40011
I'll
241
limn
4 son
.1000
Yes. closi-. Iltgh. Low. Close.
Hald Ixico
do prer ..
Cam iron ..
Cam Steel ..
Col Fuel ...
Dlst Seen . .
TTlec StornRB
Gen Asphalt
do prof . . .
Ins Co N Am
I-ako Sup Corp. 7,
lhlRh Nav . . 7.14
Mo K : T
I'rnniylvnnla .
Tenna Slcel ..
Phlla Klcc ....
1' It T tr ctfs.
Fhlln True ....
Heading
411 60 484 48'i
.1014 1014 1014 1(114
. 42 42 114 42
. 45
2S
(VI
211
'i.
48
324
in
61
28
W4
12
48
.10i
in
61
27
72' J
1
MS 63 7-10 634
60
214
4
60
21
T14
.4
71 11-10 71
Tonoonh Pel . . 414
Tnnopah Mln .. 7i,
inion 'irnc ".
4i
17
60
74
74
714
4'..
T
IT (1 I
IT S Steel
Wabash
IV Cramps & S.
West Klcc
SOU .104
Dill CV
B4
38
4S
R3I
B-IT
304
474
82i
ns:
48
inn
in
61
2H
!4
2IM
724
12
Mn
(iu
2.(i
Til
71
714
4',.
74
nn4
83
61
nn't
474
TIONDS.
Last prev. sile, JIlRh. Lnw. CIoso,
Am 0 .- 13 n . w,i T
Unld Ijc 1st 6S.1024 102
C S sep .May '17 07 07
do Fell 1IU7.. 07 1)7
Klc St Pro Tr 4s 711
I.h Nv rns 44a. tistl
I.h VI Rn ens 4s S04
Hn ('(ill Ah . . .101
I-oh. V Tr rcr 6s ks hT'i ( jij,
P IT 44s ctf w I 1174 1)74 074 07 4
I'a cons 14s 'i. 10T.il 103t lo.lt, 1IV.
i' uo scrip 10.. i" i" i" ""
do mis KI
rhlla Ulec 4s... n
774
ost;
H14
104
86 11
102
07
117
774
08r
804
JIH
RV.
102
774
Il1i
R!)4
101
Hi'
do
.101
Heading fcen 4s. 0.14
m
Ml
IO14 101
U3. UCJ
4 W4
4 1014
sn
1014
IXI
Local Bid and Asked
Baldwin
do pref
Cambria Steel
Illectrlc SloiaRo ....
(leneral Asphalt ....
d nrcf
Kostono Ttlrihone .,
In t c
do pref
lakc Sup Corp
Leh Nuv ,
(10 t c
I-?h Vallev
Leh Val Tr
do pref
Tenna
Phlla Nee ,
I'lilla Co
do ft per cent, pref.,
do U iter rent, pref.,
I'hlla H T
do t c ,
JleadlnR
Ton Ilelmont ........
Ton Mining
Union Traction
1J 11 I
U S Steel
York Hvty
Vin Cramp t c
Today's
Hid. Asked.
4S
.100
?x&
274
ns;
14
. II
07
704
2S4
40
1014
48
614
28VJ
Ml.
16
1.1
'7
72 .
I.S
71)4
L3
131
Yesterday's
Hid. Asked.
4UVj no
Mil 5.11-1(1
231. 2.14
31
30
.14
.11
10
7i
7?
.71 6-1(1 714
3A1,
MS
61
30
110
2nv5
1131
11
14
(17
7;
724
70
14
8
31
:i!i
74
7?&
4 11-10 44
'4
304
7
S04
S2.
102
4S
614
ltd 4
16
1.1
US
7H
7.1
70S
IS
29
634
34
:a
40
7Pl4
ID-Id
74
.1()
2
81
7
LONDON STOCK MARKET
LONDON, Mny 23. Thero was no fea-
turo to securities on tho stock exchaneu
today. Deallub'a wero small. In tho gilt-eiltfc-il
sections tho tone was hard. New
Colonial scrips advunced again on buy.
Inff by Investors. Hesitation was shown
in home rails, which wero dull and mixed.
South Africans were irregular but gen
erally higher. Canadians and South
American rails wero quiet. Foreigners
and mines did not show much activity,
but were tlrm.
Tho Great Central Hallway Company Is
preparing to issue 600,000 3V4 per cent,
debenturo bonds, There has been a good
deal of criticism because tho Treasury
will not allow Binall emissions of capital
by existing companies. This forces ap
propriations from tho revenue and re
duces capital values. Tho stock exchange
has received messages of approval and
congratulations from the whole country
for last Friday's vote for Lord Kitch
ener.
Amal Copper .,.
Atchison ,
Halt & Ohio ...
Canadian 1'aclno
Chea A Ohio ..,
Chl Ot West ....
Chl M & St I ,
Denver & It O
t?rla
Kria 1st V"t
London
close.
14
,,..101
::::igfi
s
J7,Y.
equlv,
lay,
00
lot
S8J
8
1
8-
lC 40 t?
.. ... r.-- --. ,,,r ..!, , AT
Illinois Wnirl ,.,,,,., ;tj ;yv t
Iuts Nash ,.,,,,,Sifi U74 .,
Mo K & Ts W H -,H
N Y Csntrul ,,.,.,....,, 8S4 Sa 1
Norf & Weal 1 .....HWi" 1024 ..
V, X- In. Jb Wff.t... 2u 271 - U
1'ennsylvanla J4H 10(14. W
KcaJIng 744 14.14 4
South fiwy 7'.4 4
South Pttclfle OS S84 4
Union Paclflo, IJJS 1;4 h
-t-Incrsaat. ' Dscreass.
50S SlVa
$
Phlla. Trugt Employes' Association
An unployes aiaoelatlon has beta organized
by the Philadelphia Trust Company, ot whlca
vvtrv employe of tha company la a member.
haMns for Its object the promotion of sucn
co-owratlon tmtween tha maoaiemvnt and the
cltrSa win result la tha moat efficient carrying-on
of Its business ....
The officer elected for ths first year are
the followlnf. Chalroaan John C. Wallace,,
vke tba.lrma.D Albert J Soutoall secretary
and treur Mary A Forderer Ser-ilte fom
rnlitei" Jb -' Wallave. toceot R. Tllden,
1 r.1,1. Biinkt. Frank L). Pearce and A. lUy-
noo4 Blshup.
WHEAT MOVED UP;
LOSSES CONFIRMED
Injury to Grain In Indiana, Illi
nois and Missouri English
Government Buying.
CHICAno. May 25.-Thc wheat market
today expanded readily to moderate buy
lnp; thotisli offerings wero light. May
wheat opened fractionally lilpthcr, nt (l.fS,
lnltucnccd by unsettled conditions In Ar
gentina, nnd reached tho high mark of
I1.B6. July whent bounded 10 tl-27'i, nn
advance of Vi a point, ami sold up to $1.23
In tho early trrullng.
Later July ndvniiccd further to $1.28,
where It closed. May ended the day nt
$1.65?i, a gnln of i.
Aceurito continuation Is nt hand 11I
sever losses of wheat In Indiana ami
southern Illinois, while nn eatlmuted loss
of tho Missouri crop has reached 20,000,000
bushels.
Mlnncnpolls stocks of wheat decrease!
260,000 bushcln for threo days, agalm'
465 bushels lost year.
Ilcccnt purciinscs by tho English Gov.
ernmont aro being shipped, and nrrlvnls
at points there nro njtlccnbly larger.
India has mndo nrrnnaementa whereby Its
movement of grnln to England will go by
wny of export channels, and with Amer
ica contributing liberally fi good perccnt
ngo of visible whent and Invisible stocks
will bo felt In the United Kingdom.
Franco Is reported tnklng freely of
American grain, nnd Is offering high
prices for quick delivery. StockH In Hus
sion porta nnd elevators are officially
plnccd at 1,720.000 bushels, ngnlnst 13,00i),ono
bushels Inst enr.
Germany reports a favorable crop
promise In ,i grently Increased acreage,
inado possibly by Its Invasion In French
territory.
European visible wheat for this week is
1)2,932,000 bushels, ns compared with 5.',"0I,
000 bushels ot last week, a decrcaso of
l752,00O bushels.
'Benhoard exporters say England Is the
only country that Is buying wheat. Italy
hns received nlmost all tho wheat sho
hns contracted for.
Leading futures ranged ns follona:
Wlirat Open, lllsh. Low. Close. cloe.
Mav l.r.i 1 nut, i.iuu ii.isi. i iil
July 1 27'i 1 2!Uj I.ihtJ l.stv i.;nI
Sc;teinber . l.OT l.SStl 1.20J4 1.22 11.20VJ
.mil mow- ucincr;
(Ui 77
03 77H
Local Half-hourly Sales
Mav
July
Soptenitier
OatB
May
July
H. piember
Iird
May
July
rli'titpmber
Rlb-
May
Julv
Henlomucr
J'O
701,
621,
60S
44?
6IIJ
46
4lj
7.1H
tllif.
t"'li
M'i
61
461i
t74Vj
no.
if
.oi
.10.10
10 no
.10.07
nrk-
Mav 1702
Inly 18.16
Srnlembcr ..1N.60
Hid. tAsked.
I) 1
10.10
10.(12
10 87
17 n.i
18.17
is.ro
0.7O n.77
II.M1 11l0 10.S6
10.02 flO.0.1 ttO.10
... 10 42 110.40
10 67 tl.37 lo.nu
10 S2 110.h2 '10 8,1
17.87 17.87 17,87
18 07 IS 10 lIS.l.',
1S.42 18.I2 1S.47
KA1LKOAI) EARNINGS
llALTIMOIli; AND OHIO.
Ill 1.1.
f 7, 410,060
2,Mll.(,(iS
71,870,0.10
21,674,116
Ddcreasi.
$447,07,1
11)2,74.1
8.6!I4,71-'
1.1,418
$21,0.111
S51.)7
April gross
Net
Ten months gross
Net
TEXAS AND PACIFIC.
Ihlrd week May $208,080
From July 1 10.214,080
COLORADO AND SOUTHCrtN.
Third week May t2.16.06o J0.K04
From July 1 12,7.10.121 702,811
DCNvnrt and mo cirandi:.
Third week May J40O.4OO J1.2CO
From JlllJ 1 10.S2O.40O 1,808,600
8T. LOL'IS, IIOCKV MOUNTAIN & PACIFIC.
April gross flC'1.011 J.T.MUO
Net 42.267 21,144
Depreciation 11,467 21, Ml
ST. LOUIS SOl'TIIWKSTErtN.
Third week Mny f172,00O $2(1.000
From July 1 o.4,l.l,aon 2,lal,4i;i
HUFFAi.o. aocHKsTnn and iutts.
DUIK1II.
Third week May 2fll.0iV8 I16,7M1
Trom July 1 8,070,688 4;),J.11
MlSSOUnl. KANSAS AND TI7XAS.
Third week May f.11 0,0.10
rrom July 1 21i.712.537
ATCHISON.
April rross $ii.cn.i.nin
Net 2,81(1,761
Ten months' gross P8,lll.ii8
Net 30.23H.7SS
SOUTHUItN riAILWAT.
April gross! J.1.212,781
Nt 1,100,141
Ten months' gross 62.610,0111
Net 10,021,(181
Increase.
$10,210
S41,2UU
t.l..3.1)0il
168,(11111
6.16.1.IIH.I
M.273.0J7
$380,101
101.124
7..16S.7.TJ
.1,(mS,8U3
BAR SILVER
NEW YORK. May 26. The prlre of commer
cial bar Bluer today nan 4014 cents, with Mex
ican dollars nt ilR'i cents.
10 to
200 W Cramp I c
lot Ins Co N Am
5 W Cramp t o
16 do.
0 Klec ptorsgo.
100 l! S Steel....
10 Phlla 11 T t o
100 lialdwln ... .
76 W Cramp t c
2.1 do...'......
ton tJ S Steel.. .
200 do
10) W Cramp t e
6 do
In Cot Fuel
1 den Asp pfd.
4.1 V Cramp t c
1 An
10(1 IJ a 8'eel....
lio W Cramp t 0
100 do
1C0 do
10:30 A. M.
.19 100 tl S Sleel.. . Mti
21 li l(i tien Aephalt . 3I
.111 Nl I)ke Sup Cor TH
.10 10 Phlla It T..7 11-1(1
61
10 Crump 1 t c
Mli 26 Ir.n steel... fo.
in n7 j'ennn ..,..ht-
-i.r u n o.cc.
HO
19
rj) nil tl H flteel. .. 64
nntt ion An 64H
BO'-i ii)0 Iikn Hup Cor iH
614 1.1 lonopnh Mln. T
."!' liil It H Steel. .. 61
60 fjvrt do "4'j
.1.1 200 do 6)
,12U 40 do iW
mil, lis) do MJ
.11) 200 do
an 100 do
Ml KJO t'nlon Trac
.-.RI4 100 do.......
,10 100 U S Steel.,
3H
IIONDB.
0 Cambria, Sleel scrip Keh
260 Cambria steel scrip May
lnuo t.eh Val Coal 6s
600 Phlla LMec 6a.
21 Cambria Steel scrip May
21 Cambria steel scrip Fb
17 Cambria Steel scrip May
68 Chmnrla rUcel serlp 'May
21 Cambria Steel scrip May
1017.
1017.
1017.
1017.
11)17.
1017.
1017.
10:30 to 11 A. M.
6 Vnloi, Trac.
100 U S Steel..
100 da
10 !h Nnv...
M ! II T I o.
1 ( rninp t c.
. S0V, 100 Italdwln pfd.
. 64' j Iihi U 0 Steel...
. H-J (II,, i,u........
, 721. 1()l '10
7 0-10 100 do.;
ill! ( ln .av
30'j
34S
:8I
.104
.101
. 07
"I
. 07
. 07
. 07
.101
. 64i
. MU
. 64J,
2J.
. MtJ
. 64U
1 1 rninp ic... iiu 'i- Jn ....
:i Tononnh Uel. 44 loo U S Bteel.
2 I.eh Nnv M 20 do. ....
in Col Fuel .... .in'; a U O 1....
61) M K A T.... 12
BONDS.
1000 Penna gen 4Hs ctfs w I., ,!!Ji
Mono Phlla Hec 6s 0
1010 l'hlla Llec 6 I'Jih
7roi) Penna gen I'is etfs w I JJ'J
11WI U'ennn sen 4I5S etfs w 1... ....... Vlls
61.2 cnmlirl.i Steef HCrlD May 1017.
6O00 Ih Nav cons 414s
11 to 11:30 A.M.
10O tr R steel...
H Crnmp t c ..
100 do
.181 J
3
10 do
60 1,'nlon Trac.
60 Ton Mln....
w
vm
.. 3!)J
. . S04
.7 1-10
ItONDS.
1000 Fennn Ktn 412s etfs w I..... ....
i- vninuria r-irei perip mnv n, ......
2 (;amhrla Steel serin Mny 1917....
n!H
Oi
-' ramiiria Sleel serin Jiny mji....
(1 Cnmbrln Steel scrip May 1017.... 07
200 l'hlla l.leo 4s n
1 Rending" . ..
160 Union Trac.
jo Amer uwy.
11:30 A. JI. to 12 JI.
fi Cramp t c... anji
b do 3l!j
a do "
do.
20 West Elec... 47H 100
BONDS.
.11 Cambria Steel serin Mny 1017..
4INXI rennn Ken 4'is ctis v
4000 I'enna cons 4'ts 10(10.
"L
. 30S
2.1 Cramp t c...
10 do
40 d
2 1I1
inn do
20 Cmmp t c...
16 do
1 I.nko Sup Cor
6 Lch Nnv
100 do
12 JI. to 12:30 V. JI
ItlJi 100 II S Steel.... HH
f.OJ, 2ii l'hlla It T t 0 Vn
i Ki do li.'.T
OH i 10 Pennn M 7-10
; I'ennifc .. .... -?
10 Union Trac... :
6 Ixh Nav...
40 Phlla Eleq.
do
:tn(n
.TlU
75
M
;lisy
s?
BONDS,
10V) I.eh Nav eons 4Vib
SOOO lxh Nav eons 4I3S
.11 Cambria Steel scrip May 101,.
0 Cumbria Sleel scrip May 101 1.
12:30 to 1 P. M.
20 Phlla Wee... 21 in Fnlon Trac...
.Hi ljike Sup Cor 7N, 3D Dlst Socur....
13 Ton Mln 71-18 10 Cramp t c...
BONDS.
lnOO I.eh Vnl Ren cons 4s
3O"0 I'enna sen 414s ctfs w I
.".01 Klee ,i I'eop Tr 4
21.1 l'hlla Co scrip loin
243 l'hlla Co scrip 1D1S
1 to 1:30 P. M.
11U O I R1 ino Crnmp t c...
4 do 82', 10O do
in Penna 6.1 7-lu .1 Tonopah Mln
23 Cambria Steel 48 73 do 1
BONDS.
10 Cambria Bteel scrip May 101T. ...
1:30 to 2 P. JI.
P81i
07
.101,
in
30V4
SOU
1X1
na
100 IVnbash
1 u u 1.
30
30
l-'lB
07
100 Crnmp t c... .10
in a 11 & st i. no
20) Wabnsh 10 Cambria Iron. 41 Vi
10 Penna 6.1 6-10
BONDS.
.",n,w Leh Vnl Tr ref 6s 87'4
10(1 Phtla Klec 4s fcO
lixKI Itendlni; ecn 4s M'.i
IO01) Baldwin 1st 8s 102
2 to 2:30 P. JI.
ft) Cramp t c... HO 100 Ton Bel 4P-10
100 Lake Sup Cor 74 10 Cramp t c... 301;
20 do 7H
BONDS.
2600O Penna Ken 4lji ctfs w 1 07i
2u(a rteadlnc pen 4s 0.1
18 Cambria Steel scrip May 1017.... 07
2:30 to 3 P. JI.
SO U S Steel 61
2.1 Reading 71U
Hi U S Steel.... 61
20 do 31I4
6 Tenna 6l't
Ml Phlln ri-A nntl
i "' ..ir'-..' -v4
. 61i
" IT S Steel.
100 Phlla R T t
12 If O I
IO) IT S Sleel .
10 I'HIU Ttao.
lllll Ilalduln ...
60 W Cramn t c 30X, 10 Oen
BONDS.
1100 Phlli Klec 4s
10OO Am Oas & Elec 6s
IK) l'hlla Eleo 4
.11 Cam Steel May 1017
20 do
10 do
10 Phlla Lloc...
.1 Penna 63
40 11 a 1 ,
1.1 Ton Mln....
loo u 8 Sleel..
7K 100 rio
. 8.1 n Cam Iron. . . .
. r.4w 10(1 nen Asphalt.
. 71 urn U s Steel. . .
4N(, r,u do
Asphalt.
61(1
L'i-4
7-1U
&1U
7U
JU,
64 U
42
28
61
SIIIJ
SO
07
PHILADELPHIA MARKETS
GRAIN AND FLOUR
WHEAT. Receipts, 240.880 hush. Tho
market adani.ed 2e , with sood exrort buying
Demand from millers was light. Quotations.
Car lota, In export elevatorNo. 2 red. spot.
4U.54m.67i No. 2 red, Western, spot. H.IO
1.02. Round lots. In export eIeator No. 2
red. spot and May, Jt.63Vjfit.i;0!j: No. 2 red,
Western. $1.1101,01 03!a. No. 1 Northern Du
lulh, ll.flSHl.i.
CORN. Receipts, 7667 bush. The market
ndiani-cd Sc, uuuer ptrunaer testern auvii.es,
but trado was quiet. Quotullons. Car lots. In
riLort elevator No 2. stwt and Slay, 7614W
7n'ic Car lots for local trade, as to location
No. 2 sellow. S2VjflKlc , steamer lellon, 8HW
S2c.. No. 3 yellow. 70ibOc; No. 4 jellon,
78S78C.
OATH. Ilecelpts, 16,102 bush. Demand
wis fair and prleeu were c. lilsher. Quota
tions: No. 2 white, fil3IV)i;c ; standard white,
6UB50HC.; No. .1 white. 6806814c.
ItVK nominal. Wo quote at fl.14Ol.10 per
bush, as to quality. In export eletuior. and at
ft Oiftl.lO for small lots of neurby train In
bags.
n.OUn. Receipts, 2301 bblt.. 1,020.013
lbs. In Kicks. Iradc was slow ami wit ej
showed little chance. Quotations, per 1DU lbs .
In wood: Winter, clear, il 60'8 76. jlo..
strolsht, ftf007.15: do., patent. 7 20071 06;
Kansas, straight, ute Faiks. ,u ..1 no., rai
ent. Jute sacks. 7 !M)fi7.60. spring, first, clear,
77.2; do., straight. 7.'.'3i7.50, do patent,
f 7.6087 73; do., ratorlte brands, 7 8368 23;
city mills, cnolce and fancy patent, S7.3lt
8 25: city mills, regular grades, winter, clear.
fa.60SB.73: do , do., straight, $0.0097 13, Uo ,
do., patent. $7.2087.03
RYK I'LOUIt. Offerlnga were moderate
and the market ruled steady, but trade was
quiet. Wa quota nearby end Western In wood
at $0,251)0.50. as to quality.
PROVISIONS
There was a fair jobbing demand and values
wore steadily reld. Quotations. City beef. In
sets, smoked and alr-drled. 2HJ28C.: Western
beef. In sets, smoked, 26S2AC,, city beet,
knuckles and tenders, smoked and alr-dded,
27B2Sc; Wetlern beef, knuckles and tenders,
smoked. 274K8C. beef hams. $31632; pork,
family, $21.30622. hams. a. P, cured, loose,
llBl-IVic.: do,, skinned, loose, 121il'.'Wc. , do.,
do., smoked. 13U81tc.; other hams, smoked.
city cured, as to brand and average, llliiJHc. ;
hams, smoked. Western cured, 1344814c; do,
boiled, boneless, 22023c, picnic shoulders, S.
I, cured, loose. luUKUc. , do smoked. 10144
lie; belhes, In pickle, according to average,
louse. llVaUr-c. . breakfast baton, as to brand
and average, city cured. W317c. ; breakfast
baron. Weateru cured. 101417c, . lord. Western
refined, tierces. ItVKtfltc, do., do., tubs. lOUf
llc.t lard, pure clly. kettle rendered. In tierces,
lMiOlle.: lard, pure city, kettle rendered. In
tuba. 10U6UC.
REFINED SUGARS
The market ruled firm, but there was little
trading. Wa quota; Standard granulated,
11.0.1c.; fine granulated. Oc, powdered. 0.10c;
confectioners' 4, 5.10c,; soft grades, 6.13413.73.
DAIRY PRODUCTS
IIDTTKII. Was UOlc. higher with a
good demand. Ths following were the quo.
Jatlona: Western, solid-packed creamery,
fancy specials, 30c : extras, 2SWc s extra
firsts. 2Sc.; firsts. 27c. seconds, 2302iio. ,
nearby prlols, fancy, 32c; aieraie extra- 31c;
firsts. baSOv., seconds, 234J20c; garlicky.
i4tt26c. ; fobblnc sales of fancy prima, 30tf
Sac.
EGOS were firm with a good demand (or
fine stock. The. following are the quotations:
In free cases, nearby extras, 2tflo. per doz.:
firsts, $4 per standard case: nearby current
receipts. $3.70 per esse: Weatern extra firsts,
Id per case, firsts, $3.70 per case: Southern.
$3.10453 40 per case: fancy selectsd candled
eggs werr lobbing at 21MI7c
ClteKSK. Trad was talr and the market
ruled, steady under moderate orterlnts. roi
lowlng were toe. Quotations New York, full
utani. i-lwlc, new 17S11V . speiUU
hlchec do do , fair to food. Dew, lOhttllC .
do', part skims, eJUc
POULTRY
LIVK. There wna more nctlve demand
and prkes of fouls advanced He Other kinds
showed lutio change. Quotations' fowls,
178fl7'sc. roosters, UBU'c: broiling chlekena,
fancj, not Leghorns, weighing IHftS lbs.
opieie. 24S?30c: broiling chickens, not Leg
luirne, wolKhlnR ljrm lbs. apiece. xiV'Me.i
broiling cl.lck.ns, leghorns, weighing 1WJ12
lbs. apiece, 22ftlc. broiling chickens. Ig-
,iu,,,o, i.rmiiii.K ,,t ,,'n, npirce. -UU-ICt
turkeya, l.'lMKc: ducks. Pekln. 14015c.; do..
Indian Runner. 12Mc : geese, 10311c. ; pig
eons, old. per pair. 23M0c: do., young, per
pair. 2223c.
DltKSSHD. Offerings were moderate nnrl
the market generally ruled steady with trude
fair Quotations Frcsh-klllo I fowls, VJ to
box, dry-picked and dr -packed, fancy selected.
Ilk-.; do., weighing 4'iWS lbs. apiece, 18c; do.,
tV8 lbs. apiece, 18c, do.. 3 lba nnlece, 10
17c; do, under 2 lbs. apiece, 14S15c; fowls.
Ire-packed, Western, 4 lbs. and over apiece.
17!ic. : do. do., smaller sires, lURKc; old
roosters, dry-picked, 13c; njuabs, white, weigh
ing 11 to 12 lbs. per dot., $4 10(14 75; white,
weighing 0 to 10 lbs. per doz., $1.6U1, do. do.,
n lbs. per dox., $2.751j.'l, do. do., 7 lbs.
per doz., $21i2 50, do. do , UftOla lbs. per
dos., fl.50Ul.bO: dsrb. (LIHlvLbO, small
and No, 2, $1. Froicn poultry Fowls, as to
quality, lb-HlKc; chickens, dry-picked snd dry.
packed. In boxes, mllk.fed. 311?:iua lbs. to das.,
16c, do., 37B42 lbs. to dox, 18c; do., 43S4T
lbs, to doz., Ibc; do.. 48 lbs to dox., iOc; do..
U lbs. and over, 21o , corn-fed, 31U42 Its.
to dox., 10c, do, 131(47 lbs. to doz., 17c; dx.
4 lbs. to doz., 10c. do., 00 lbs. and over, 20c. :
chickens, dry-picked and dry-packed, In bbli.
Western, corn-fed, 5 lbs. and over, ISc; do.,
do., 4 lbs., 17Q17HC. do., do, 3U lbs.. 15Hc;
do., do. sUt(3 lbs.. Utilise., broilers. rollk-7sl
fancy, 18121 lbs. to box, 27c, do., fancy, 23U2J
lbs, to doz., 24c, corn. fed, fancy, 1H324 ba7to
doz., "Be. do., prime. 23S30 lbs. la doz., 22c;
turkeys, dry-plckea and dry-packed, fancy. 21
4j22c.; air to good, 18'd20o.I old toros, luaiuc;
ducks, fancy, In boxes 17&lbc; do., ordinary
to good, U'tflCc. , geese, choice and fancy. ltt
10c. do.. No, 2, 12814c.
FRESH FRUITS
Strawberries sold fairly and ruled a aNade
firmer. Other Winds of fruit shoned little
change. Quotations, Apples, New York, per
bbl. Baldwin. f.l.l! Hen Davis. $184; other
good eating varieties, $2,234X1 60, medium, $2
112.23. Apples, Western, per box, $182. Ap
ples Delaware and Pennsylvania, per hamper.
6075c lemons, per box, $2.50443.50. Oranges.
Florida, per bos. $2.2304. Orapefrult. Florida,
F.e.r box.,R:iS,(10l.,P1PJenDI)le. oer creto-l'ortu
Itleo. $1.6082; Florida. $L50i'.23. Straw.
berries, per quart Norfolk. 6S7c: Delaware.
Maryland and Kastern Shore. Cal2c,
VEGETABLES
Onions were moro plentiful and lower. Other
vegetable were In fair supply and demand at
revised figures. Quotations; White potatoes,
per bush. ilalne. 43060c; New York, aa
to quality. 401346c. White potatoes. Florida,
per bbl. No. 1. $4.5085: No. 2. $3.50fi4. White
potatoes. South Carolina, per bbl. No. 1. $1
434.60; No. 2, $303.30. Sweet potatoes' Dela
ware, per hamper Large, $101.23. medium.
S0f75e. Sweet potatoes. Eastern Shore, rwr
bbt-No. I. $2.2583.23: No. 2, $1.501.75.
Sweets. Jersey, per bbl. No. 1. $.l.76t4.75.
No. 2. $262.60. Sweets. Jersey per basket.
75c.e$t.2S. Onion. Texas, per cummer-crate.
No. 1. $181.10. Onions. Texse. per eummer
rrate. No. 2. 76800c Cabbage North Caro
lina and Norfolk, per crate. 50c ir$l da. Nona
Carolina and Norfolk, per bbl . 75c Caull
Honer. Norfolk, per hamper 7-V.UH. Beans,
Florida, wax per basket. $1(12. do.. Florida,
greeii. per basVst, $12. da South Carolina
and Georgia, per basket. $2i2 23 do.. North
Carolina, per basket. 22 15. Peas. North
Carolina, per small basket. llt.2.V do Nor.
folic, per H-bbl. .basket. $1S1 50: do.. Eastern
Shore. pr H-bbl. basket $1(11.50. Eggplant.
Florid, oer box 42J3. Cucumber. Florida,
per, basket $1.2562 Squash. Florida, per
basket, SpcBJl 26. Peppers. Florida, ser car
rier $24M. Beets. Chsriftston pee 100-bunches.
stMIt do North Carolina per 100 bunches.
$.1411 do Norfolk. pr 100 bunches, M4
Tomatoe ilurlda per carrier Fancy f 1 SOel
115 1 hone. $1012.1. Celsrr Florida ug
irae 7Sc a$1 Asparagus, per bun.h. 104f2fi.
aluaarosau. txx 4-lb. basket Oc.ofL
TRADE BALANCE OF
A BILLION LOOKED FOR
Sccrotnry Rodflcld Says
Amount Is Now $900,000,000
in Fnvor of United States.
A foreign trade bnlanco of $1,000,000,004
for tlio United Stntes Is now In sight a
n direct result of the European irar.
rroppeets that this amount wilt be reached
liy tho end of the country's fiscal yeaf
on June to aro Rood, nnd In any e,vent
with tho oxports at tho present rate,
which show a Inrge gain from week to
week over tho Imports, will exceed the
bllllon-iiollnr mark within the next two
months, nt kn.it, if present conditions
In our foreign trade continue.
Already the balance stands at (900,000,000,
According; to the announcement made by
Secretary nedflold at the Cabinet meet
ing: In Washington today. Tho 800,0OO,OOO
will be reached and exceeded tomorrow,
tho Secretary said. Tho balance In favcr
of this country for tho month of AprI
wan $123,891,093 and for the 10 months
ondlntc with April 30 tho amount wag
$451, 3.,319.
For tho week ending last Saturday tho
balance was $18,932 698. The exports were
$IS,o39,5C3. whllo Imports aggregated $23,
C0fi,C97. Tho exports of cotton during the
same week totaled 124,804 bales, making
a total slnco August 1 of 7,72S,C0D boles.
Whllo the entrance of Ilniy Into the
world war will bring down our exports
to tho Teutonic and Scandinavian natlonb,
this. It Is believed, will bo more than
mndo up by additional exports to Italy
as tlmo goes on nnd she becomes a henv
Icr purchaser. And then, again, tho for
elgn trade of Italy with South America,
which ts menaced by tho war, will be put
In our way.
Italy's trado with South America Is Im
portant, particularly that of Argentine.
Figures for tlio last two years are not
available, but in 1912 more than $15,000,000
worth of goods wero sold to South Amer
ica by Italy.
SPRING WHEAT THRIVES
IN "DISKED" CORN GROUND
Depn.rtm.ont of Agriculture Gives Ro
sults of Experiments.
WASHINGTON. May 23.-Dlsked corn
ground Is tho most profitable for raising
spring wheat In the Great l'lalnanrea,
tho Department of Agriculture totlav
stated In announcing the results of ox
pcrlmenta made at II stations. Climatic
conditions also are a great factor. It wad
found.
Kxtcnslvo tests at the stations show
that there was practically no gain In
ylold on the ground that waa fall plowed,
following corn and oats, over ground
which waa plowed In the spring. The
small difference In cost of tho two meth
ods of preparing tho land makes the rela
tive profits nnd losses from them follow
closely tho differences In yields.
"The greatest profit per acre at those
stations whero It has been possible to
rnlsc whent nt n profit was mado on
disked corn ground," says tho report
"This was made possible by the con
sistently high yields together with the
low cost of preparing tho land for wheat.
Of course the realization of these profits
depends to a certain extent on the suc
cessful growth of corn na fi general arm
crop In competition with other crops.
It also should bo kept In mind that at
nil tho stations tho corn land was koptv
free from weeds, and that If weeds are
allowed to develop In the corn as, good
results cannot be expected.
Stibsolllng has proved of doubtful utility
ns a means of Increase In yields.
STEEL TRUST HEAD
IS OPTIMISTIC
President Farroll Soys Corporation Is
Operating at 80 Per Cent.
Dispatches from San Francisco quote
President Karrell, of tho United States
Steel Corporation, ns saying. In the
course of nn nddress nt the Pacific union
Club, that the United States Steel Cor
poration has now SO per cent, of Its works
employed, nnd that tho corporation had
recently received largo orders for rails
from tlie Southern Paclllc. Pennsylvania
nnd other Important railroads.
The message says that Mr. Farrell was
optimistic on all business conditions
throughout the country nnd that he be
lieved prosperity had como to stay for
many yeura.
MINING STOCK QUOTATIONS
TONOPAH STOCKS.
uiu
Jim nutler
MacNamara
Midway
MUpali Kxttnslon .
Montana
Northern Sinr
Tonopah Helmont .
Tonopah llxtenslon
Tonopah Merger ...
Tonopah Mining ...
Itesrua Kula
West End
.HU
Ot
.1
20
Asked
.8.1
.04
.IT
GOI.DFIELD STOCKS
Atlanta
lllus Hull
Hooth
Hulldng
C O D
Combination Fraction
Dlamondfleld II 11...
pilsy
Florence ::
Goldfleld Consolidated
(loldfteld Merger ....
Jumbo Extension ....
Kowanas
Oro
a.n.l irn ...........
Silver Pick
34 .47
18 ,1T
41, 4
RO .40
T TW
11 ,13
74 .70
3CKS.
.12 .33
05 .0(1
Ill ,2
01 .04
01 117
11 IS
02 .OI
01 .08
02 .50
... I'm 1W
23 .24
1.311 1.40
15 ,1U
, OS .00
. .... .07 .OS
. . . . ,0S .00
ITnlrv Allen
Klmberly
Nevada. HUI --.
Nevada Wonder
MISCELLANEOUS.
.OJ
.. .05
.. ,23
..1.73
,04
.07
,24
1.60
8 Short Time Notes
at prices
Between 96 and 101
maturing in from two to seven
years. Issued by strong Public
Utility Companies, backed by
abundant property value and
earning from three to twenty
two times their interest
charges, are listed in our cur
rent Circular No. 224, which
will be sent on request
William P. Bonbright & Co., Inc.
MORRIS W, STROUD, Jr.
Manarjer
417 CIIKSTNUT STHEET
Philadelphia
New York Boston Detroit
Londoni William I. Benbrlrht Co.
Paris t Honbrlsht tc Co,
SPECIAL NOTICES
UAIlltY IV. KKVHEKT baa applied (or un
expired term. Cansubls. 0th Ward. Hear
ing June 4, Court Quarter Sessions, 11 com
699. DAVID B. UK1FPITH. Jr
Attorney for Petitioner. 4
BrEClAI. MEETING
A BFECUfc MEETING OF THB
stockholders of the Consolidated Ieo
Slf. Co. will be held at the uBlcs si is
Company, 2381 Dadlne t , r'bJU . Pa, on
Mondajr. Jl") !la ' " 0 vote
tv or acalnat the Inerease of llis lolebed
nee of the lot&pauy from nothing t Tbk y
Thousand. tfSO.OOO) dollars
ARTHUR DXiSON. gecraiajy.
iBHi-w