lmMsALq3"iM
m:r :i,,js,"J,:,r jTTtSj!
j
6
BVBHTyq KEDGER-PmKADEKPHlA SATTJEBAY,' MAT 29, IDTff:
i.
9
1-
BUSINESS LIGHT AS WALL STREET CONTINUED WAITING ATTITUDE MAY FINANCING LESS
LEAP IN LACKAWANNA
AND GENERAL CHEMICAL
Market Closed Strong After Ir
regularity 73 P. C of Mis
souri Pacific Notes Deposited
New York Stock Sales J
New1 ironic. Mfty 29.-To the nlrcady
Ion? lint of International complications
there la now Injected the situation In
Mexico, In whldh the- United suites Is
taking renewed Interest, and In view of
these thing; the stock market asnln
Adopted n waiting attitude, or rather con
tinued It, today, and very little wns dono,
no definite trend being developed during
the two-hour nession. Of course, tho
German reply to the note ot President
Vlls6n Is tM most Important at the mo
ment, and tho Street anxiously awaited
the publication of the contents In the
papers tomorrow,
What little business was -dona wns by
traders, and tho market was a profes
sional one In all respects. Tho public
showed the sama Inclination to hold oft
pending; - somo favorable development.
After opening- Irregular, tho majority df
prices, however, being unchanged from
tho close yesterday, the mnrket weakened
In the last hour, due chiefly to tllo desire
of traders to liquidate and straighten out
their accounts. Instead of being strong
on tho announcement of largo dividends
yesterday, the copper stocks lagged with
tho rest, remaining a fraction under. On
tho dawn um the "war stocks," as they
havo become, known, were the heaviest
loser.3. The decline in this group at ono
time was on tho average of two points.
From the low, however, some support ap
peared, although It waa not large, and
most of the losses wero recovered, tho
market closing strong. A good part ot
tho buying on this movement consisted
of covering by boardroom shorts, but
there was at tllo samo tlmo the usual
action by outside Interests noted on all
recent recessions.
Two stocks Dclawaro, Lackawanna
and Western and General Chemical
made large gains, the former going up 11
points and tho latter 9 points, lntor
borough Metropolitan shares wero quite
jictlve but irregular, following the nn
mouncement that the Public Service Com
mission had decided not to raise nny ob
jections, to the company's financing plan.
It wns announced Just before the cloio
that 118,300,000 of the 1123,000.000, or 73 per
cent., of the notes of the Missouri Pacific
had been deposited for extension of ono
year. Somo diversity of opinion wan ex.
pressed In Wall Street as to the likelihood
or a sufllclent amount ot tho notes being
tdrried1 In to warrant tho success of the
jllan. Tho company has said that tmles'i
the plan becomes operative the Interest
on the boiids, which falls due on Tuesday,
wilt not be paid. Tho stock ot the com
pany closed a fraction higher.
Last close. High. Low. Close.
Alaska Gold Mines .... 35'f 3fiK 34 34H
AtlU-Chatm Mfg pf ... 40 40 45 40
Amalgamated Cop .... OMf 0514 C4H (13U
Am Iteet Bueaf ...... 6 4G) 40' 40W
Am Can .............. 7( M.( r&l MH
fn Car A Foundry ... 62 R2ti M)i fill
AmCsr&Filypf .....1UH HOW 110H 1I0X
Am Coal Prod of 108 100 100
Am uotton Oil 47 0 40
Am Hide A I, pf 20 20 20
Am IcoBpcurltles. ...... 30M 30K 30tf
Am Loromotlra ....... 4 OH 40! f 44l
Am Smelt A Hef ...... 05 mt 64H
AmSmelt&IW pf ...102U J03K 103M
AnacondaCoDDOr...... 31K 3UC SOU
AtrnTasr mi TOW
AtchT&SK pf D8' 100
Haldwln Loco 40 -IHK
naltlmoro & Ohio 2' 72
Brooklyn Hap Trail ... 88 8
Hutta& Superior.. 7H 71
Cal Petroleum ifi 15
Canadian I'acUla C0 (fill
nnii.cntiicruo ;o .10
100
40
29
30
40
OAK
10314
3 IX
no.u
09
48
72
88
70W
15
PRICES DROOPED '
IN DULL MARKET
NEW YORK BANK STATEMENT
Rending Shares Eased Off De
spite Favorable Report of
Earnings for April.
Cent Leather Co pf ...l02!f 103
Chlno Copper ......... 41 44tf
ChltHWest Pf 28 27
ChlMH&StP 8V( 89
Chl Northwest 127 127
Chilli & P 18,'f I8H
Colorado Flint tl .10 .1(1
Comjtoclc Tunnel 8 8
now
09
47
72
8?
15
IS'.W 15M
35Vi Sfil
10'l 103
43' UH
21H 27'f
88'i 88
12(1! 120U
Uii mt
Consolidated U.vi J3 i 123
NEW YORK CURB
Sraden Copper
British-American Tobacco oM .
British-American Tobacco new
Ooldfleid Consolidated
Greens Cananea
1a Rose
Leh Val Coal Sales
Nlplsslng
Otis Elevator r..
Otis Klovatur pfd
Itlker-I'egeman
Sterling Gum
Tuhacco Products
United Cigar Stares
"United ClKar Stores pfd
"I3nitt.il VroUt Shnrlng new ....
World riltn
Yukon Gold
Hid. A iked.
T 7(i
l."U in
HI HP 4
I'm 11-j
. :io as
150 100
:.;. ii
t rm
mi or;
niT w"
uii lun
ion us
t'i :iii
4H 4.
Corn Products ltcf .. . . 12Jf
torn I'rotiticu lief pi . n
rrurlblo Stool CO 27'f
Cuban-Am Susar 70
Del Lack & West 401
Distillers' bccurltlo) ... 10
K'lo ?fiK
KrloMpf 30'
13
7d
27 M
70
415
10)
5fitf
39)
214
152
137
4-m
inn
now
OOM
Clcn Chemical 205
General Klcctric 153
Ocneral Motors 130
Goodrich UK Co I3'
OtN cfsfotoroprop .. 31i
Great Northern pf ....llCf
GiiRgenlielm Kipl'n ... COJf
Illinois uent ........
Inlcr-Mct vol tc
Inter-Met pf
International Paper pf
InsplratloaCopper ...
Kan City Southern ..
Lack Btccl
Lchlsh Valley 140K 140'
Loose-W His lit pf .... 03H 01H
Manhattan Elevated... 127H 127
Maxwell Motors 43M 42H
aiai wotors 1st pr swi
MaiMotors2d pr 37J
Meilcan Petroleum.... f,S'i
Mo Kan A Texas 11
Missouri Pacltic ntj
Nat Enamel.'nj & S.... 15
NatLcad 00M
Nevada Con Copper... J54
30
7
12.1
75Ji
20'f
70
415
1CH
24!
3I)!(
214
3D
8
132
12f
75W
20
70
415
10W
26W
3)H
214
160W 15:
13(1 130
43'f 44K
31'i :na
110 110H
SOW 60,'f
103 105X 105W 105J4
Z2M 23 2H 2-lM
73,f
37
2
25W
44
7.1
30
29lf
26
41
71!
30
28j
V5H
41
73
31
2fl)f
.;5)f
41
140H 140H
01H 01W
New York Central.
Northern Pacific.
PaclllcMall
rcnnsjlvnnla
Pittsburgh Coal..
Pressed Steel Car
c3'
..107K
.. 22)i
4
127
42M
85Jf
37
07
11
II
15W
00
15W
84W
lly Steel Spring 20 W
COTTON
NEW YOniC. May 29.-Tradlng was
jail on the Cotton Exchange this morn-
lngTrtid-prlces opened about a point un
der yesFelday's finals. The undertone was
steady. Shorts were the principal buyers.
l'es.cloae. Open High. Low, Close.
July , iwa o.rto ii.4l ii.Nii 0.3 r
October li.74v 9.V! n.73 l),7o H.ci
December ii.lnl ft.rH o.os u.0.1 u.u.-,
January lo.oi lo.ot io.oj U.U7 u.un
March 10.1.1 10.14 10,23 10.W 10 ai
Kpot II. W) .v. .... U.Uo
Itay Con Copper.
Kcadlni;
I Up Iron & Stool..,
Itcp Iron & Steel pf
HumelyM Co
lluracly M Copf..
bouthern Pacltlc...,
fcoutliem liy Uiii
StLouls4SP2dpf ... 4H
Standard Milling 5n
btudebaker Co.
Tennessee Copper
Texas Co
Third Avenue,
Tobacco Prod pf
United Dry Goods pf .
Lnion i'aclilc
Union Pacific pf
United Kys Invest pf .
bbltubber
bbbteel
US Steel pf
Utahlopper
Wabash
WtLasli pf
Vccstern Union Tel....
NScstlncbouw Klectric.
Willys Overland
Woomoitn b I o
Total Bales. MO.SOO
87
3S
08
11W
11W
15)5
00
15W
84f
1044 104! 104
23W 23 23
107
notx oo
44f 44
30 30
23Jj 23
142) 141H
27U 27'f
c3W
4
11
IB
1GW
i'.i
60
07
K3
123
4(
073i
CO
127
42M
8dJi
37
07Jf
11
11W
15W
00
15H
84)S
104
23
lOliK 10GJ
22
23 i
.142W
. i'7W
. t4
. 4
. 11
t8
(jT.i
. 33H
.124
. 50
08
. 50
120
. SOU
. 32
. 02!f
MW
100 'f
06U
ii
H
row
13H
115M
103
fc3H
m
11
bV.i
KM
4ti
COJf
05s'
: 2U
44M
30
23)
142!
27)f
mi
3?
11
S8
10!
4U
6()
05'i
32U
Thero was little to discuss In tho day's
dealings on tho Philadelphia Stock Ex
change. On tho whole tho tendency was
downward, but declines wero confined
to fractions, being1 chiefly duo to eve
nlnir up of commitments In anticipation
of tho holiday. United States Steel, I.e
high Navigation, Cambria Steel, Pennsyl
vania, Tonopah Uelmont nnd Union
Traction all cased ott moderately, but
In no case wero offerings notably ex
tensive. Cramp nnd llaldwln shares
failed to nppcar on tho tape.
In tho final dealings tho arbitrage group
stiffened under tho lead of United States
Steel, which recovered Its earlier loss.
Tho close was dull and steady, with small
gains in Lnko Superior nnd llulTalo nnd
Susquehanna. Tho narrowness of tho
market waa Illustrated by tho day's total
sales, which wero only about 3300 shares,
compared with more than 12,300 last
Saturday.
Notwithstanding n very encouraging
April, leport of earnings Reading wns de
pressed. Tho railway returns more than
mado up for losses of tho coal nnd iron
company, which showed a surplus of only
$101,618, against $222.a0S a year ago. Tho
Heading Company gross earnings In
creased $1020 nnd the net gain was JM3.
Tho surplus for the month was $02,4SO,
against J77.007 In 1911. From July 1 tho
surplus was $03.1,110, compared with $S96,
020 for tho samo period Inst year. April
was tho ilrBt month ot tho current fiscal
year ot tho Philadelphia and llending
Hallway In which tho total operating rev
onuo showed an Increase ovor tho cor
responding month of tho previous year.
Each of the procedlng nlno months, be
ginning with July, 1914, had resulted In
gross earnings of lesser amount than In
the year ended June SO, 1914. The April
increneo amounts to only $21,300, but It
Is considered ns a turning point for tho
better in the road's business For tho 10
months ended April 30 of the current year
tho railway gross Is more than $J3,CO0,0O0
bohlntl tho corresponding period of the
fiscal year 1913-14, so, of course, thero
will be a largo decrease for this year,
oven If tho business In May and Juno
continues to Improve.
Reserves Increased Ovor Three Mill
ions Loans Also Larger.
NEW TOmc, May 29. An inereaso of
more than $3,000,000 In reserves and nn
expansion of $19,334,000 in actual loans
wero reported by tho Now York banks
for the week ended today,
ucmand deposits Jumped $27,762,000.
Total loans wero $2,437,353,000. Net de
mand deposits wero $2,337,652,000, with
tlmo deposits of $131,069,000. Aggregate
reserves wero $537,051,000. Details follow:
average! ..,.
1(1,310.000
M,312M)0
i.7ii.oin
Ileaerve, Increnae !),..1S,2io
1,'iennnK Jiouao members, averaito: ,
I.oann, Incrense $ln,3.1l,(K)0
Hepoaltn, Inereano , 27,7112,000
Tlm deposits, Increase 707.000
ltescrve. Increase ,1,017.880
WHEAT RECOVERED
IN LATE DEALINGS
. Clearing JIouso members,
Ijonnfl, Increase
Deposits, Increase.
Time deposits, decrease...
MAY DANK CLEAUINGS
May nt Ono Time Waa Down
Three Cents Kentucky and
Tennessee Crops Smaller.
Local
DecreaBo
New York Bond Sales
It -is . MM
s .... 8SU
6a .. K.-,jj
122H 122H
4Si 40
07K
0)
liG5 l'.'5VS
8ll5f cOU
31 : 1
C31f 03
54!.
100U
15U
H
SS
(OH
93W
115
.'3
1UJ
USX
u
'5H
02
115
07
0)
1204
$0H
31
(3tf
5i
1005g
05M
H
!(
05H
03
11,
WJ'i 1U1!4 lui
sharcB, compared with
3.),liiU shares last Saturday; this week, 1,821)
SCO shares, last week. l,733,i'0O shares.
2000 Amor Agr 5s lOO'i,
'wu .uiur nmeu aoc IW..HH7,
1CO0OO Amer Tel clt -1 3 ... 87'i
41100 Amer Tel cvt 4s. .11)
U0UO Armour Co 4'Sa .. . uz
2IIUUO AtchlHin ev 4g UI.Vi . U.'h
1)01)0 Atclilsnn pi- Jn mrwl tin
ijtw Aiian uo i,ino clt 4s
IUW IJBIl M OHIO !
100 Halt X, Ohlr rv
L'000 Heth Steel rtil f.s .. til.
HOUO llrook On Gas 1st Ss.,101
1000 Cal Clan & Klec 0s.. HI
UIMO Cent Pacific H',is h7'i
21000 Cent 1'ac 1st 4s ...7
WWU Ches & Ohio 4!is 100
1000 c & Nwn gon 4b M.
8000 I'hl 11 A Q Joint 4s... nil
8000 CM II & deli 3s . . . I'll
20000 Chi 11 & Q gen 4s. . . DOT,
lioo Chi ii .i on.ii 4 i,il.
2ooo ctu u & u iii :nss.. . ti.i4I
HIkIi. ixiw. Close.
0000 C II & St P cv G ret ltfiC
lO-S
FINANCIAL BRIEFS
Because, of the observance of Monday
as Homorlal Day, all banks, trust com
panies, commodity and trndo exchanges
throughout the country will be closed.
The 'Public Utilities Commission of Ohio
refused to grant a rehearing on the con
solidation of the New York Central nnd
Lake Shore on request of"C. H. Venner.
Frank C. Eves, heretofore assistant sec
retary of the West Philadelphia Title and
Trust Company, has been elected secre
tary and treasurer of the Colonial Trust
Company. Mr. Eves will assume his new
duties June 1.
Marshal Field & Co. say: "Despite un
seasonable, weather, current wholesale
shipments are about the same as a year
ago."
According- to Chandler Bros. & Co..
there Is one vital slogan for bulls on
Cramps; that Is, for evory man who be
lieves In Its Increasing value, viz.: "For
every ship that goes down. Cramp should
BO up."
The Atlantic Gulf and West Indies
Steamship Company reports a surplus
for March of $358,461, an Increase ot
$312,545, For tho threo montha tho sur
plus was- $652;408. against $119,855 In the
corresponding period last year.
The total amount of emergency cur
rency now outstanding In the United
States is $2,500,000.
Graham Wpcd of George Wood, Sons
& Co., has been elected a director of the
Katlonal Bank ot the Northern Liberties.
Commercial failures this week In the
United States were 385, against 430 last
week and 332 last year. Liabilities thus
far for May are $19,655,133, compared with
IJl.iei.l?! fast year.
The exports of copper from Atlantic
poris for the week ending May 27 were
4190 tons: since May 1, 23,813 tans, and for
tjie same period lasfyear, 30,777 tons.
The- estimated condition of cotton as
of May 23 wa W. per cent compared with
78.2 per cent a year ago, 80.5 per cent Irt
lll 76.9 per cent In 1912 and 83.8 per cent
Jn-1311 and a 10-year average of 79.2 per
cet.
Bradstreet's. saya: "Cool, wet weather
ch'cr a wde area has reduced retail trade
! seasonable goods; pending Interna
tional political matters, though not given
nluoh prominence, .make for caution In
rjjianclal circles, and winter wheat and
eorp. crop reports are not so glowing as
heretofore. On the other hand, the larger
distributors ot staple articles seem to to
doing quite welt; mailorder trade Is
j-large: manufacturing Is more aotlve;
complaints of a scarcity of skilled me
chanics are numerous; business In war
materials la rusniny; shipbuilding' yards
are, fJUed with orders; railway tralHo Is
heavier, buying of rails has enlarged."
rarj H Chaffee, president of the local
chapter, American Institute of Banking,
has announced the appointment of the
foJiewlns tominlttee chairmen for the
oralns year. Advisory. John Q. Sonne
tm, Iisbate, William W. Allen. Jr.;
Contributing Membership, B. Henry
Tftnrnan, Educational, IS'orman T.
WW, "Library, J$hn C Wallaea; Wem
tars" Klsfht, Carl W. Fennlnger; "Post
Qcatfuate, Frank 9. Eves; Public Affairs,
Iwvjd. t?rls, Recption, Anthony Q. Fe
te amuen, William a. Nickert,
U w tmk, fcaakf lost 4l.565.000 t
isst iktMry ywterijay. (
Sodus Gas and Electric Company has
been authorized by the Second District
Tubllc Service Commission of New York
to Issue, at not less than par. $15,000 6 per
cent preferred stock, the proceeds to nay
floating debt.
In acceptance of the plan of salo to
Interests IdentiOed with the Homo Insur
nnco Company of New York, more than
81 per cent of the capital stock of the
franklin Insurance Company has been
deposited with the National Bank of the
ionnern woertles.
The City of Manchester, N. II., will re
ceive bids until 8 p. m. June 4 for pur
chase of $75,000 4 per cent hospital bonds.
City of Newport, It. I., has awarded a
temporary loan of $75,000, due September
3, 1915, to Solomon Bros. & Hutzler, at
2.S5 per cent discount. Town of North
Andover, Mass., has awarded an Issue of
$19,000 4 per cent water bonds to Andover
Savings Bank at 101.547. City of Water
bury, Conn., will receive bids until 8
p. m. June 21 for purchase of $400,000 4Vi
per cent city hall, police and Ore station
bonds.
The Western Maryland Railroad has or
dered 15 heavy Mallet enRlnes from th
Lima Locomotive Corporation, to be de
livcred within 60 days.
Tho fourth annual convention of the
investment Bankers' Association will be
held In Denver on Sentemhi ?n i
and 22.
The gross earnings of 29 railroads for
the third week of Jlay was $10,03S,9C2, a
decrease of $1,022,656.
.April gross of the Pittsburgh Hallway
was $913,35), n. decrease of $31,737; net
$323,101, increase $66,425.
The Association of American Railway
Accounting Officers, which had hereto
fore had headquarters In Chicago, will on
June 1 establish headquarters In Wash
Ington. This association was organized
23 years ago, and represents 376.000 mllea
of 'railroad,
The New York Coffee Exchange and
the sugar market was closed today.
isooo c m & st p cp Ss.
iuvv uei fir liuil 41 1U..
3000 Detroit United His
2000 Erie conv 4s Ser A
:iooo Hud Man rrd 33...
14IHK) Ins Cop ev Us
11000 lnlcrb Met 4Va ....
3000 Interli It 1' ret 5s. .
uuiu 1 nu Alcohol r,H..
KM) Jap now tier sta
WOO) Kan City So lBt
auoo Kan C Ai 1 1st 1b.
ioixi 1.01ns & Mian is...
L'OOn I-ou & N At Kn Us.
JflOO Mex Pet Oa
1000 Mo K & T 2d 4s. .
2000 do 44n
1IIO0 Mo Pac 4s
flOOO do eons 0a
1000 Nat Tubo .'
MIOO-I N Y C & II Ka ret
.VlOO N Y rity 44a 1000
11100 N Y Oas II & V Ss
i.oon n t toi gen 4'a
. 7:iH
.122
7iij;
ll-?
110 (i
. . . . IHla
4 'is.. 7:i,5
3a.... 07(5
1b.. .. 71V.
rn.it
KxH-j
.100
. n.s
. en
. 41i
. no
. on
.111211
.10(1
.M'Hf,
. nn
l.vioo Nor Pac prior 4s I11H
10HO Nor Pnc gen 3a (UJ
.xi 'ire A' l-ai s Iimi
2(00 Ont Power 5s H.1U
1000 Pacific Tel 5a 0rt!j
IOOO Pcni.a Con 5s n2
20000 Penna cv 3!s 10"
120000 renna cjen 4i.ji w i..
1200O fenna col 'ii8... ,
4000 Pay Con Cnpper Os
i-OOf) Iteadlne sen 4s...,
COOO Ho"lc Island 4s. ..
,"000 Pock Island rfd 4s,
4000 hock lsinnn
noon Hy Bteel SprinKs 5s
iiiihjii tz u ec a i ria 4s
iTK.
10314
..120
::Si$
.. wl
31 in (5
.. (1.1
IOOO Rpnhnnrri A T mil 5s.. (IK
200(1 South Hell 5s Ii7(5
15000 South 1'ac cv 4b Sinj
WI0O do ov ret f p Bs 1034 d!)
7000 Fouth Pao rfd 4s SOW
.1000 South Itwy gen 4s (Hi;
7000 Third Avo adj Ca TO
1000 IT B Pubher 0s lO-.1!
101)00 IT S Steel 5s 101U
50O IT fi Steel reg 5s lOtlt
lBlsm TInlon I'ae 1st 4a HO
10000 Tnlon Pao cv 4s M
1000 Va Car Chm 1st Ss... nil
5000 WahaJh 4a 20 Ii
1000 AVabash 1st Bs loo
5000 AVab Cqu ct sta 4a... in1!
llOi
lU4i
31
III)
112 S
1121.
Ml
o4U
Si'.
fBV
lll'i
10.)
U4
87U
10l4j
1114
no
nu
00
ImJ.
W4
1U1 j
102L
110,
74
Oils
7.1 ii
121
SliJ
U1U
lOlllj
100
ss
Oil
4111
H'l
no
102
1011
p au
tin;
noi;
fi.t
looi.
"'it
tio(5
102
100
1I7K
miii
lin
02S
R2!i
l
411
mi,
05
Dili
07
fOli
IK!?
Wj
M'i
71)
102i
101 ll
101 M
nsii
so
no
.-ioij
101)
0
lOl'.i
l(H)ii
loin
S7
tw?l
112,
02 U
01)
lii
S84
,
111 ii
10.1
1)1
HZ
luos
inn
nn
mi
oois
VlU4
Ul
10.1k
uau
liu'.i
74
lift
73!!
121
70'i
07',
0HU
7.U i
w
14
louv-J
Kill
5S
on
4i
nu
Oil
102 u,
10(1
loin
ci
102
ion
Ki'l'4
110
82(J
MIS
40
lllllj
11.1
0111
Il7li
80U
vs
RflU
04 ;
711
102i
101U
101 tj
IK)
SO
nn
201 (,
loo
ion
ii
101'i
Institutions Report
for tho Month.
Tho business of tho Philadelphia banks
for tho month of May showed a falling
off compared with tho same period In
1911. Totnl elenrings wore $l7,12o,624,
ngalnst $031,533,717, a decrenso of 0.79 per
cent.
This brings tho total clearings for tho
first live months of tiio current year to
$.1,219,931,681, compared with $3,3W,SS8,228,
a (IcorcnBO of 6.00 per cent.
C paMnffs liv months fo low:
1U14
$702.3.10, 11 It
01.1,218,810
(170,750,205
720.0ZJ,27R
(1.11, 5.11,717
70.1.01111,1150
707,011,52.1
S77,0OT,7.TI
500, 888,010
047,6!)1,Sln
007,12'.8II1
(101.H27,.'lO,1
7,tllO,0(H,21l)
Jan.
l'eb. .
Mar. .
Arll .
Mai .
Juno .
July .
AUK. .
Hept. .
Oct. .
Noi, .
Dec. .
22 inns
101.1
cnnt.ii4n.77S
577,0711,014
(i.y.',002.17H
(17.1. 181, ODD
017.125.021
1013
$7H),405.771
0.10,87.1.372
(!87.203,818
70.1.620.5.18
7.11.312.5.11
740,1121,4111
708 645,1175
01)3.04 (1,302
0.11,101.678
7R2,75.1,8ai
070.70.1.421
77H.II05.221
8,502.508.873
BANK CLEARINGS GROW
Gain for tho Week 26.2 Per Cent. Less
Business Here.
Although Philadelphia bank clearings
showed a. decreaso of C.8 per cent, for
tho week, tho total of all cities mado a
gain of 26 2 per cent. The totnl figures
were $3,010,971,457, against $3,193,144,023 last
week and $2,431,378,675 for the correspond
ing week laBt year. Docoratlon Day foil
on Katuidny of tho week Inst year.
CHICAGO, May 29. Thero waB further
pressure In tho grain market today, and
prices broke sharply, tho largest loss
being In May, which dropped 3(s cents to
$1.37, while July tost 1( cents by selling
down to $1.23(4,
In tho flnal dealings a. firmer tone de
veloped, May recovering about half Us
loos. July remained depressed.
Kxport sales of American wheat to tho
seaboard yesterday reached 300,000 bushels
ana of oats 100,000 bushels.
It is learned from reliable authority
that Kentucky nnd Tonncssco will not
exceed half the normal crop. Occasional
good fields nro overshadowed by a largo
acreage that Is poor and practically
worthless.
Argentine roports Increasing arrivals of
wheat and corn, and Increased strength of
its rcBorvo stocks.
Tho British Government, bollevlng tho
American crop advices aro tompcred with
conservatism, has restricted tho buying
of the now wheat crop.
Tho new cron of corn rrrenrli? ilnnlrnvAit
In Indiana is being rapidly replanted.
Leading future ranged ns follows:
lest'd'o
Vc.'".' v'8". '""' ciofc. rinse,
J..lll?l 1 41
l Mini, i Mult
tfoptember ., 1.2014 l.'zois
worn (now lc veri I
(O
Sales in Philadelphia
Illeli. Iow. Close.
mi mm loin
101 101 101
) 13 13
40't 40J4 4014
47(4 47t 47
OOii 50 W
728 72t 724
28(4 28 , 28(4
gi? R2?i
l 7?4.?J
78 tJ. 78
S2 R2W 32
64(4 61!i
01 01
Ijat prev.rale.
10 Am Oas ...... 101i
5 Paid Loo pf., i.lOl
158 Uuft & Sua t c 11
6 do prer ,,,.., 40
150 cam Steel .,.. 48
110 Electrle Rtor... 50?,
100 iJike Sup Oorp 7(4
22 Leh Nav ..,,., VJH
5 Leh VI Tr pf .. 28(i
50 I'ennn II It. . . M,.
. 0 Phlla Wee 21S
200 V U,T tr ctfs.. 8V
70 Itenillnat 71,
,16 Ton Pelmont ... 4i',i
115 Tin Mining .... 7f4
102 Vn Trac 32(4
35 u lias imp..... Ki
2210 U S Bteel., MH
15 Westm Coal .... 01
Total sales, 3380 nliarea,
12.H.11 tharts last Ralurdav:
hnress last week, 40,00.1 shares.
PONDS.
Yes. cloeo.
10000 Paid IrtC ref 6s. HI
. n (J s cp May '17. 07
1000 K1 A V Tr 4s... 77(i
1000 Intstate Itva 4s. 67
1(00 L v Tr ref 6s.. 87
2.11)00 Pa g 4VSs ct w I. 07i
11000 Pa eon 4Hs '00.101
1500 PlitU niec 4s.. 7S(
IOOO Plilla Clec Bs.,101
11000 P IV Xr 11 4s (18
0000 StvAm Ir 0s...l0Hi
Totnl snlen, $00,600. comparei! with $U,Wi
last Matunlayi this week, 30O.2S.1 lad week,
fl70,.1M,
R.1
rt 1,4
tn
enmDared with
this week, 40,310
HI
H
1)71
jam
'so
101
11714
1U1
h. Low. Close.
IH',4 inn
1)7
SSft
Ml
iR-h.
"1W
hi
761
87
07(4
miS
101
1I7!4
1'
117
75J4
67(4
87
7 Hi
10l,4
70
101
111 (4
10U4
Local Half-hourly Sales
10 to 10;30 A. M.
.Wheat
May
July
Mav
July
September
data
Mav
July
September
Lard
May July
September
Plbi-
M.iy
July
September
Pork-May
.luiy
ini
.. 61H
. . 60
.. 41
. . OR
..0 8.1
..10.10
.10.4.1
."lO.tll!
tlO.OO
1OJ1
7M
s
6U4
to
43
Low.
1.37
1 2.1 '
1.10I4
701,
70
ro
41)C
44
1.3(114 '1.41
j. no1
I8J(,M.2I,
:o(4 1.21,
i m
88
45
41W
11115. 1014. P.C.
.$I,11H,WIH,014 $1,82.1,B11,007 H.5
115, IliO, l.-.ll 114,5l)ll,4SII (l.h
.. 121,82.1,4)5 l.')2,507,777 5.S
22,4110,721) 2S,l.V.',N2.i 20.2
. 2.10, 2 17, 871) 242,818,1701..!
00,2S!I,COU (12,014,317 4, J
1.1,012,422 10,077,72.1 0.4
1,0,10,310,152 $1,023,030,30.1 4 H
501,274,813 400,3211,425 1.4
',320,0SI,9O1 $2,410,350,728 4,2
400,880,192 15,018,047
New York, .
Jtngtoii
Philadelphia...
Daltlmore ....
Chiceg')
St. Louis
New Orltans..
Secn cities
5 dus
Other cities
5 days
Total nil cities
3 da) a J
All rides
1 day
Totni nil cities
for week. ...$3,010,071,457 $2,431,378,075 20.2
Local Reserve Bank Statement
.'rh,L,fonJ.lt!n ot th Federal ltcoerve Dank
of Philadelphia, at the close of business May
2S whs as lollops:
nnsoimcns.
... . May 2S, May 21.
Gold coin and Kold certif
Icnles .$18,832,ai3 $13,420,023
Lesal teiiiltr notes, sll
er rorttileates and sub
sidiary colli 3,112,21.1 3,247 3S1
Hi'dlscouMs and loans... 1,411.1,151 1,4114V
.M.ra.iii.-tiir -1, IU,U.J ,4U,02.J
1liu from 1 cderal re-
soro banks net 4.1607
All other resourcoa 203,078 42.t!o53
Totnl $20,441,003 $20,403,833
LIABILITIES.
Capital paid In.
DftlUKltfl
l)ue to nther Federal re.
sero banks net 383,127
Total $20,441,003 j!o)3.S33
September
luia
.17.03
.1H.17
.18.33
tAskcd.
P07
10.20
10.67
10 07
10.03
18.05
18.22
18,37
0.83
10.10
0.8.1 0.72
0.07 f.86
30.20 tlu.lO
10.6.1 10,37
10.03 tl0.07
10.02 tl0.02
'1043
10.112
10 00
17.02 117.02 17.02
18.15 '18.15 tlS.ir,
18.50 18.60 11U.CU
I Local Bid and Asked
Itnldwln
do nref .....
Cam Steel ...
Dice Stnrngo. ..
Gon Asp ....,
do pref ....
Key Tel
do t c
do pref
Lake Sup Corp
Lehigh Knv . ,
J.ohlgh Valley
Leh Volley Tr
do pref .....
Penna
Phlla Plee ..,
9'mia Co
do 6 per cent pref.
do 0 her cent pref,
Phils nap Tran
do t a
Heading
Tonopah PImont ...
Tonopah Mining ....
I'nlon Traction
t'nlted (la Imp ...
I'nlfd States Steel.
York Hallway
do pref
W'nt Cramp t o
Todny
Did, Ask.
47U
.1011
.. 47!4
,. 50
,. 27
. . 0.1
. 14
. 14
. 07
:r iSS
,. 14
:si'.
48
101
48
r.oj4
Oil'
15
1.1
CI
73
7014
1.1
20
Yesterday
Hid. Ask.
48M, 5(1
UUV4
r.i
III!
1.1
15
5
7,r
7()ib
15
211
101
50lj
14
70lj
Mb
20 Puff ft Bus to 13J4 5 Ponna. 53(4
10 Am una ... ,ini7t in lonopnn uei. 4'
2 Penna (lift 15 Tonopnli Mln.
22 Loh Nnv 72W.100 U H Steel
100 U B Steel .11 'J 200 do
oo do.... r.llt 1 IVnnn 5.T
15 Penna SIM, 5 Baldwin pfd. 101
100 u a Hteei..,. rn'i ion u h steci
too do Bin ioo Purr & su
ion
ioo
IJt
34 V.
M(d
Ml
101
... 54 4
1 1 C 13
... r,i(i,
K114 53 0-1(1 53 7-111 5.1 11-111
!'5 ;ii "'"'i -'"
,1.1
10
. 31 '
. 31
. 30
8'4
71V1
4
. ,ii
8.1
(Hi
30
311
7U
32 M
8311
Bi
37
.17
:;n
:ii
811
3.
37
34
:i.i
40
811
M
7?
31
R.H(.
37U
381,5
... $0,227,150
... 10,828.727
f 0,227,150
20,178,083
BIG GAIN IN STOCK SALES
May Total Figures 75 Per Cent.
Larger Than Last Year.
A "5 per cent. Increase In stock tradinc
on tho Philadelphia Exchange was shown
for tho month of May, ns compared with
a year aso.
Tho total of shares sold this month was
around 100,000 less than In April, but
asldo from that It was much larger than
In any of the first threo months this
year. For tho first five months this year
local stock trading was nbout 160,000
shares behind tho corresponding period
of 1014.
Tho aggregate par value of the bonds
traded In during May, nmountlng- to
$1,063,001, wns about $500,000 more than
1014, $700,000 above 1013 and $100,000 less
than 1012. This month's bond sales were
nbout $200,000 less than In April. In the
f.rst five months this year the bond sales
exceeded 1111 by close to $400,000,
Transactions In Btocks nnd bonds for
inree years roiiow:
DORIESTIC EXPORTS
WANlllV"r"v Me -The rh" n' ll.e
Bureau of Statistics, Department of Commerce
nnd Labor, reports tho principal domestic ex
ports for April and 10 months ending Anrll 30:
hogs,
prod. .
AotII.
Prondstuffs . .
Cottonseed oil
Cnttlo, sheep,
ictc
Meat & dairy
Cotton
Mineral oils .
Total
Ten months ended
Preadstuffs
Cottonseed oil
Cattle, hogs, sheep,
etc
Meat & dairy prod.
Cotton
Mineral oils
1013.
$00,317,201
3,2ni,ll)7
20,200
22,0.10,10(1
33.022.0 )8
11.2'.)').S72
$130,011,0)7
Anrll 30:
4.111,2-17,01.1
17,511,0.17
.inniii
1S4.H72.707
.'1.10.404,40!)
lO'.nm.MO
1011.
$8,427,741)
1,282.848
147,82.1
0,:i(ll1.l1
-4,(iUU.17fc
14,520,837
$.18,280,08J
$131,701,021
12,271.302
848,102
111.211, IMS
3B0.S77.007
121.872.4111)
do M(i 10 U H Steel
do 51V,
IIONDS,
1000 Lehigh Val Trao ref 5s 87
lOOOn llethlcliem Steel rot Ha ., IHU
200 Phlla i:iectrlc 4s Si)
3000 Phlla 11 & W 1st 4r U714
10:30 to 11 A. M.
r, Penna . ... BIU 100 Lnko Sup Cor "V,
14 do 5314 10 U H Steel.... 53
2 Union Trac ;ia ni no
70 Cambria. Steel 47!4 20 Inter Met . . ,
20 Heading 71 fi Pleo Storage
100 Pice Storago. 50J4 10 U S Steel
10 Ilonillng 71 10 do
30 Cambria Steel 47!4 10O do
2D 17 H Steel..., 54 100 Tonopah Mln,
tn do 51 100 11 S mecl....
10 do 5314 40 Heading ..... 7t
1 Penna 534
PONDS.
lioon Penna gen 4V4s ctfa w 1 07U
.1 Pnnn gen 4!4u ctfs w n7'.j
u Tcnna gen 4Vis ctfa w 1 0"i4
11 to 11.30 A. M.
100 Union Trac . 3211, 30 Huff '& Sus t c 13
30 Cambria Steel 4714 2 Penna n.1'4
20 do 4714 I) U O I S-Hi
, PONDS.
10000 Pennn Conn 4H 1000 tolW
1000 Spanlsh-Amer Iron fi 101
it i-nmbrla Steel scrip May 1017 07
1000 Hpanlsli-Amcr Iron 0s 101
IOOO Tcnna Cons 4151 10C0 103',S
11:30 A. M. to 12 M.
NEW FINANCING IN
MAY MUCH SMALLER!
aM
Month's Total Foil ?72,600,Oof
Below 1014 Year's FiguJl
ijioj.,uuu,uuu amaiier.
.,.TORIC' J!a.J' -w nnaneJ
UU4UIS mo inuniii or amy totaled $l4finnBl
000, just $72,600,000 below tho 6nmo JM
r. "n' yoflr- J'16 totat Ihnnclng for Vfl
ivltl, tho 'sam Sr Wu "Jfi
nart nf fim ,, ...," ;" ..i" iargi
hi f;. .u "ZZ ''"""c " n May, whlel,
uiuukn III II Jimiisi ! hnH.) 1... . -.
Pennsylvania' T,T'.rn.Vu""-'"ua ttr
SfayVVaS
Btea
5 ;,::; sr&ja
m Is .V
.SKSM
likely that Yh mr..i,"t i,"" "m8' 'I Is
with Oormrnv not nri.
three monfhn r,r i, ...L- ,ow tno other
riguros tor financing, bv mnnti,. W
elusive of Government ni" J..?:!!
yearr0,sner',,orPar0 nZSSM
-. 1B'3.
$li4,0)O,000
210,000,000
73,ooo,ono
143,600,000
100,000.000
rivo months' total. $712,500,000
ruuui inrec-rourtha nt i.
January
Pobmary
March .
Aorll ..
May ...
$103.0(0 MrfM
1O9.000.CjMM
00 000 W0 M
!-''4.000 0cg
178,500000 J
Olfi
n,
5(5
M'4
5lt4
"Til
Mil
2t i; (1 I S.1'4 400 U S Steel MU
1 Phlla nice . . 2in r. 7h Val Tr pf 2S1J
15 IVestmor Coal 01 2 11 & S t 0 pf 40H
200 P It T t c SH 100 U S Steel.... 51 Vj
IOO IT S Steel Mi 5 U O I S3
fi Phlla Pleo... 2H4 10 u s Steel fill
100 U S Steel 51V, 10 do.
10 do 51'4 10 Tenna
PONDS.
1000 Intcrstnte llwy 4n
1000 Klectric & Peon Trne 4s ...
4(00 Spanlsh-Amer Iron Oi
1000 Phlll Elec 6s
13000 Phlla r.lec 4s
$803,600,00,1 '!
2r.dBf.22!.- $ !Hur!
.tiiK approximate y $:8,0000fo
s.nerIt;,BlT hB GlnnlnVof thj
Since tho ben nnlnir nf 11?- ..A""
na much ilimnnin,- 1,-. v ."-?r
nn tnr ,.("'?.. '"'' .ucn 'or
hub neon nunrnii.
year.
tulc9
rornndlnB na for raising new canltal Ttil
tlivis on. br mnml,. Z." i... :aI"lal Th
matcly ns follows:
"ndlng. New caplUL
iR'i.OOO.IllHl IM (KlOIBM
170,000,000 inoooSS
45.p0o:0(),) 22.0oS'2on
ll.VUO.OOII 40 600 nen M
78.oou.ooo li'S sS m
Tho facT'lho";".!"8,000'000 W.K"M5
., ii. that thcre wcro" anDroxl-
matcly $340,000,000 of corporate aecurhfea
maturine this year accounts for the
largo amount ot financing that has gone
- w. .,.,, ,b (1UI11U8CH, IjflSt
January
February
March ..
April ...
May ...
for
I'fcil!.".'!! linlf .th ,otnl imancin"
........ .... .etuuuiiiK niui innt left less for
raising; no wcapltal than In any previous
enr. The rclundlnu necessary f0r th"!
car, however, has been n,iri .1,.
nuartors taken caro of nlreaily, and It "J
-.... L..M--V. .-u mm. me unanclnc; done
In tho remalnliifr months, if much can be
done, will provido more capital for new
work.
. 57H
. 7.11,
.100,
.101
. 70
MAY BUILDING PERMITS
Philadelphia building anil construction figures
ror May ucre ob follows:
May, 101 fi
Permits R72
Omratlona 1,014
Value X2R.17.Hlfi
5 mo. Mfi
Pen-nitn ,1,IKO
Operntioni 7,877
V31UO 9LMUl,01D
Total
.$1,033,330,220 $04t).784,R)t
May, 1014
1O10
1.731
SO.2n1.0111
5 moi, '1 1
4.027
, (1,012
SIT.SUI.MIA
NEW YORK DUTTER AND EGGS
NEW YOKK. Mav 20. ItUTTnn. Market
steady. Pecelpts. C370 imcknges. lixtra, 2ilVi
2Sie.: higher scoring. 2!)I72i)ii,c. : Stato dairy.
2SJi2SHc. . Imitation creamery. 22fl22(ic.
KOOS. Market steady. Pecelpts, 10,020
packages. Pxtra firsts, 22&22i&c, regular
at-I.ed: ilrsts. SOUHiSP-e . regulur racked:
nenrby uhltei. 24fl2.1c, regular packed: mixed
color, 201i822i4c; nearby browns, 2.1Sf24c.
Texas Shipping First Wheat
WACO, Tex.. May SO The first car of
wheat of the 1015 cron was shipped today.
PHILADELPHIA MAEKETS
GRAIN AND FLOUR
Ths
"(Yin Wati.P Ter 1st ct 4s. 0
72000 West E & M cv es...!01l!i
Total sales. $072,000, compared with $1,000,
000 last Saturday; this week, $3,818,000; last
week, $0,110,000.
The. Liverpool
closed today.
Cotton Exchange waa
The New England-Westlnghouse Com
pany has been Incorporated under the
laws of Massachusetts with a total capl
tallztlon of $2,000,000. all of which is one
class of stock. This company was
formed for the purpose of taking over
the property and assets of the Stevens
Arms and Tool Company, pf Chlcopee
Falls, and the Stevens-Duryea Automo
bile Company, of Springfield. All of tho
capital of the new company la owned by
the Weatlnghouae Company,
The price of lead was again advanced
from 4H to 4K cents a pound.
The George B. Newton Coal Company
Btves Its total net assets, on April 30, as
$J,US,U2, an Increase of $31,478 over Oc
tober $1. 19H Net quick assets on April
SO were $813,030, an Increase of $37,M8.
Deducted from the net quick assets are
the dividend of $61,880, declared April M.
on the first preferred stock, and $17,501
placed In the sinking fund, Jeavjnff total
quick assets: on April SO of $53(.2SO.
BAR SILVER
VQHK, Slay 29.-The Pile 9 com-
surer nu yu ecu 4, W1(J MI1-
MINING STOCK QUOTATIONS
TONOPAH STOCKS.
Bid. Asked
Jim Putler 7S .hu
MacNamara (U ()l
Midway Ill .17
Jllipah Extension 2H .21
Montana 32 ..14
Northern Star Hi .!(
Tonopah Uelmont -ll. -Hn
rronopnh Kxtenslon 3 IHi,
-lonopan aiergpr .nu ..ii
Tonopah Mining 7U. 7"s
nescue I'.ula .12 .It
-West End . ,, 78 ,M
aOI-DFini.D STOCKS.
Atlanta , 34
Plue Pull
nooin ,.
Slulldog
con
Combination Traction
Dlamondfleld P D ..,
1 atsy
(Florence .
noldtleld Cons
OoldHfld Merger
Jumbo Kxtenslon ....
Kewanas ,.
Oro
Rand Ken
Sliver Pick
, ,01
, ,.1.1
1 .0.1
, .03
.10
.02
,0.1
.311
1..12
.14
.03
.08
.03
MISCniXANEQUS.
'Fairy Aiteo ....
Kimoenv
Kcada Hill . ..
Nevada Wonder
.02
, .0.1
, .20
1.73
,3&
,oa
..111
.01
,uti
.12
,0.1
.U7
.Ml
1 O-Ht
.27
l.r(
.111
.10
,0U
.01
.01
.20
1 bO
1
RAILROAD EARNINGS
PHIbADELPUIA AND PEADINQ PA11.WAV.
, 1018. Decrease.
April gTOSs ?4,272,fill $21.2liO
Net : 1,425,777 1701W1
Ten months' gross,...., 30,32ri.0.ii) a.al7.75.i
Net : I 12,030,817 ifiriwi
PIUWpBDPlHANANDoIlEADlNO COA1
April Bross ., ;..,,. $3,600,0H
Net 'Jit ,.......,,, 100,918
Tan months' gross,,,,,, S3,S26.S8.1
Net , 617.271
HEADING COMPANY.
A.prll gross .,,,.,,,,,,,. $S61,428
Net . fU3.4SQ
Ten months' gross, ,,,,, 3.C30.017
Net ., ,. 6,563,110
CANADIAN PACIFIC.
April gross , 7.-1M.SJI
Net ,1.,, 2.(187,755
Ta months' gross W.018.&80
Net 28,453,003
PEIJiWARB, IACKAWANNA AND WEST.
April gross ..,.. $3,787,245
Net l,3i"0,515
rrart mnlVia' ffrnafl AX AV R9a
Ht ! uIitviiTs iso.oij
OIIICAQQ. BT. PAOTNNEAPOWS AND
April gross sifSfauoo
Nt : mMs
Ten months gro lS.lil 0'.)
Nt 5:08.1
CEN'TRAl, BAILPOAD OP NKW
AdiII rrosa S2.7B3.18fi
Xti C0S.801
Tea months' gross 2e.3BB.fS4
Jiw- iMM
$704,703
113,000
1,B50,(!21
133,010
$1,020
5.3W
42,022
37,000
$2.24.002
617.110.
o.esx.ui 1
7.672,607
$
$74,319
i, 0M
27S;i88
T3,fe3U
JHPfjiBV.
No. of shares: 1013 1011 1013
January 3?LS0 471.J50 4IL1.S40
I'-obruary 142,572 800,202 480 31)0
March ........ 221,022 2l!0.ail 408 4S0
April rtiR.717 sfiseon rsisio
llay 327,505 187,033 848 080
J"P9 147,210 41ll,41
Jly t237.440 2.1100(1
AUKUst 320,312
beptember 4326.18
October ...... 305 733
November 'i.oin 2224iiil
December 100.703 .mosq
2,010,310 4,731.012
Par value on bds 101B 1014 1018
January Sl.020,531 S1,0U7,600 11.510,200
February 1,812.100 1.40.1.1QO 1,500,000
March . 1,242.007 1,270,4 13 1,001 101
April 1.837,400 1.871. B81 0119 733
May 1,(103,004 1,141,625 1)0,802
June 1,390,050 718,400
July tl.27O.50O 009,200
August 625,400
September 480,700
October 080,113
Noember , 14,000 003,1011
December 708,311 088,500
One day.
, $10,713,010 $10,510,083
t Less one day.
fol-
COTTON STATISTICS
The statistical position of cotton Is as
lowai
This week.Last week.Last year
Visible supply.. (I,7S4,flfl7 8,801,81.1 4,087.100
Of which Amer. 4.013,087 4,009,813 2,700.10(1
Total In fight '
May 28 14.483,353 14,845,5-13 14,210,876
QP! market ateady. Mixed and butchers.' S7.KO
wy-tmn nisofes'
Tsn ..,.- ...,
LIVE STOCK QUOTATIONS
uuiuauu, amy .u upas. Receipts. 10.
e17.80: food heavv.
iiulk. S7.65fi7.S0.
CATTLfl rtecelpts. 400; market weak,
n-.eves. $770.S5; cows and hslfers. S1.30
8 73: Texans. 8.507.B0: caves. $180.75.
SUEEP.-Itecelpts. 2000 market weak; Na.
tlv and Western. b.75t,70j Umbs, $7.6010;
spring lambs, $8811.78. ' w,"nr"w'
RATES FOR MONEY
Philadelphia , 8U94 snTi
Js'ew lork 19102 a 4
Poaton ..,.,., ,.,.,.,,,,. 8, 84
Chicago ..8K4 i 4W
Commercial miper, three to sU months. Phlll
adelpbla, ZWiii per cent,
FOREIGN EXCHANGE
NEW YORK, May 29. The foreign exchange
market opened steady, with demand sterling
WHEAT Pecelnts. 150.534 bush,
market nan nulct jnd urtces declined lc.
sjmpathy with tho West. Quotations: Car
lots. In export elovstor No. 2 red, snot, 31.4.1
ffl.48; No. 2 red Western, spot. J1.3081 Wl
No. 1 Northern Duluth, $1.0181.04.
COHN. Pecelpts, 12,080 bush.. Tho mar
ket Mas nominally unchanged, with cry Utile
demand. Quotations: Car lots. In export ele
vatorNo. 2, spot and May, 73Vi07i)(4c. Car
Iota for local trade, as to location: No. 2 el
low, 82Wg8Jc.;. steamer yellow, BlVi'uS-'c. ; No.
B yellow, 70tt80c; No, 4 jellow, 7Uii78e.
OATS. Itocelpts, 02.207 bush. Demand
waa light, but rrlces ere steadily held (Quo
tations: No, 2 white, SUUffOOo ; standard white,
BStyOfUc; No. .1 white, nViOBSc.
ItVI! nominal. We quote at $1.101.12
per bush , as tu iuallt. In export elevator,
and Rt ll.OJ81.08 for small lots of nearby
grain In bags.
1XOUK. Receipts, 803 bbls., 1.030,940 lbs.
In sacks, Trade waa slow end values wero
largely nominal. Quotations per lUti lbs. In
wood: Winter, clear, S0,BOi8.i3; do., straight,
$3.7367; do., patent, $7.10!.,,50, Kansas,
straight. Jute sacks, $S.WH;7.l3; do., patent,
Julo Backs, 7.20JP7.-10: spring, Hrist clear,
JII.WK&7.15. do., straight. 7 2OB7.40; do..
S stent. $7 I0'u7.00: do., (nvorilo brands, S7.73
8; city mills, choicu and tanty patent, $7.73
!9 Hi city mills, regular grades Winter, clear,
tl.MS'l.i.'.. do , straight, IU.73Q.7i do., patent,
7.10W7.50.
JCYK J-I.iuilt. The market was quiet, but
eaoy unuer small sunoiies. v e nuoiu
f.nd
ty.
steady under small supplies.
western in wood at $ta .)-, as to qual-
Wb quoio nearby
orieu. -fo-ac ; wvsiern Deer, nun
tenders, smoked, 27ir-l.Sc.; heef ham
pork, family. J22S22.50; hams, H.
loose, 13Q13iic, ! do., skinned, lot
PROVISIONS
There was little trading, but values were
well sustained. We quale as follows: City
beef, In sets, smoked and nlr-drletl, 23820c.;
Western beef, in sots, smoked, 23820c. : city
beef, kunckles and tenders, smoked and air-
dried. 27028c ; western beef, kunckles and
nee 1 nams. $-iii.c';
3. P. cured,
loose, l'jiiffa
i)kc. , uu.. uo., smoKea, uytiuiic, ; oiner nams,
smoked, city cured, as to brand and average,
l.'Hi4i'14c: hams, smoked, Western cured. 13
57 He: do., boiled, boneless, 22nr2.lc: plcnlo
shoulders, a. P cured, loose, lOHUUc. ; do.,
smoked, HJi'IlHc ; bellies, In pickle, accord
ing to mi'iBKf. loose. llli(i'l t.. ,riu
bacon, as to brand and average, city cured
lttfill7c.: breakfast bacon. Western cured. 16fi
17c: lard. Western refined, tierces. 104itfMle. :
rio.. do. tubs. umfllo.j lard, pure city, kettle
rendered, tn tierces, 10?;oilc. : lard, pure city,
kettle rendered, In tubs, lOKSllo.
fowls, 12 to box, dry-picked and dry-packed,
fancy selected, inc.; do., weighing 4VuS3
Pjs. apiece, 18c; do,, weighing 3i,S4 lbs.
apiece, 18c. ; do., 3 lbs. apiece, 10017c ;
do., under 3 lbs. apiece, 14S13c; fowls. Ice
packed, Western. 4 lbs. and over apiece,
17W.C. : do., do., smaller sites, luiffl7c, ; old
roosters, dry-picked. 1214c; squabs, white,
' Bhlng 11 to 12 lbs. per doz., 4. 10ft 1.7.1;
white, neighing to 10 lbs. per doz., 3.23li
3.75; do., do., 8 lbs. per doz., 2.602.85: do .
do., 7 lbs. per doz.. J2A2.33; do., do , UBU14
lbs. per doz., Sl.SOftl.Jb; dark, Il.50ni.03;
aniall and No. 2. SI. Frozen poultry Fowls, ns
to qual ty. 10l8c, chickens, dry-plcked and.
dry-packqj, In boxes, milk-fed, 31fl:iu lbs. to,
doz, 18c; do., 37042 lbs. to doz., iSc; do?. 43
y4' '.S8:.'0 d01-- ,Sc': do-i 48 lbs to doz , 20c. 1
do., U0 lbs. and ocr. 21c; corn-fed, 31K42 lbs
3u 7tT r MW,t " ". .u uuz., lie,; uo..
LONDON STOCK MARKET
1700 Sisnatures on Petition to Close
Saturdays.
LONDON, Jlay :3,-Thcro was llttlo
business on tho Stock ICxclmnn i.,
tho customary week-end conditions pre-"
vailing. Tho number of signatures to the 4
in-uiion ior 1110 suspension of business on
Saturday now exceeds 1700. llcporta that
further Colonial omissions wero pending
caused hesitation in gilt-edged securities.
Homo rails wero offered. The recent acci
dents on tho roads havo induced fears
that tho staffs on some lines aro Insuf
ficient, becnuso of tho war.
Prico changes In Americans were nar
row, nnd tho list lacked firmness, owing
to tho Indifferent attitude displayed at
Now York. Canadians dropped later. Ar
gentine nnd Brazilian rails were heavy.
Foreigners wero steady In sympathy with
tho staple. Tho rubber group was dull
Iriogularlty characterized tho OH shares.
There was buying of shell transport and
trading issues.
, u,t uu iuo, unu nver. itim
cnickrns, dry-picked and dry-packed. In bbls.
Western, corn-fed, 5 lbs. and over, lSc; do.,
do., 4 lbs.. l7ei7Wc; do., do.. 'M lbs.. 1514c.:
r.cnn'rti? 'r.wS,"w.- ,UBlife" broilers, mllk.ra
fancy, IBJj21 lbs. to box, 27c; do., fa'icy, 2302
lbs. to doz.. 24c: corn-ted. fnnm isnui'n..'?;
doz., 25c: do., prime. 23630 lbs. io doz.. 22c:
5u.r.?elsj ary-plckea and dry-packed, fancy. 21
tl22c; fair to good, 18820c ; old toms. lUffL'Oc:
ducks, fancy In boxes 17jlSc; do, ordinarV
to good, 12(Sl0c; geese, choice and Uncy. 13d
We; do.. No. 2. 12jitlc. . w
FRESH FRUITS
Demind was only moderate, but values were
stead)!' maintained on choice stock of most
descriptions. Quotations: Apples, New York nor
bbl.-Jjaldwln. fliaO; Pen UvU.uat,oer
Deiawara and Pennsylvania, per hamper: 50?
SV.lt0"v.Ecr.'a,5t . $A5083.Wi Pong!
"" lT.,f" 1
, Krape(ruit.
tioriaa,
xYmD0 t-aS-"'!. P n,TP . Per crats-Porto
... , wrius 1IU11UU. J, I -.-11 "- otwnao.
PAN-AMERICANS OUTLINE
BETTER TRANSPORTATION
Improved Facilities for Shipping. and
Financing Crops Proposed.
WASHINGTON, Jlay ID.-Effectlve and
permanent transportation facilities and
two corporations to finance crops and
public works for the Central nnd South
American republics were proposed In
committee reports today at the final ses
sions of tho Tan-American financial con
ference. Tho transportation problem was
presented by tho Committee on Transpor
tation and Communication, which sug
gested that bids be called for not later
than December 31, 1916, for a .regular lino '
of fast mall steamships between tho
United States and Hlo do Janeiro, Monte
video and Buenos Alies.
Tho crop financing plan provides a bank
especially fitted to carry short-time loans,
handle agricultural credits and finance
the output of the Central American and
contiguous countries. It would specialize
In loans to planters nnd producers.
Tho public works corporation would
handle railroad building, public buildings
nnd other public Improvements. This
ponccrn should have a capital of $10,000,000,
mostly raised in the United States.
I
1
I
1
M
berries, per qt.-Norfolk, 5ji8c; Delaware
Maryland and Pastern Shore, Utf lie, '
VEGETABLES
to ouilliv iifflS; .:C.""t! " inn
no Vn "."'"yrM.'.""' J"'
wnite
No.
,43c, while potatoes. Piorid"
potatoes.
South Carolina.
.iuid,
per bbl.
Delaware, per tafiwlir iii ffi1"'
REFINED SUGARS
Irm,
One
inera
The market was quiet but firm, We quote:
granulated,
Standard granulated, 0.030.;
phi h lafBA.i t . f
ii.;v iA'n. ";. """ Pr uasuet.
.. --w t-i t'. iE4ua. iis'r riimmr. -
0, J. Jlfll.lO. hninn. n-S,""'"' ie,
ruiirt . i '
crate, No,
una, and
"..... -, rr"., wr
1DUJUUG ' nnhhan V, ..
Nnrfnlu n.. '-ZZ. 7",.ri?S!"
h pamfin4T".V"J,,i. .":V'e,
cummer
t-aro.
up 1-10
Cables ,
Demand
fiterllnr.
.. 4.79
.. 4.78V4
Francs. Marks. IJres.
5.41 6.V,, 5.78
5.42(1 S3,' 5.7SJ4
GOVERNMENT BONDS
1 of 1030 registered.
Hid.
m
2s ot iOSO coupon ., .,..97
1'anama. 2s reslstered ,,... 7
lanaiiu 2s 1938 registered.., 87
Panama, new Ss rtglsttred 100H
Panama new 3a coupon 0U
S5 2X MflS... .......1UUH
of 1918 eoupon .....looa
a' JPK registered J00
of laxt coupon in
Ask.
04
110
Stops Exports of Cotton Front Sweden
BTOCKHOI-JI. May 29,-TUe Swedish Qo-
trnment bs Issued a, dcro prohlbltlag tin
export of cotton.
Be; powdered 6.10c; confectioners' A, B.OOci
soli sfvies, u.O4S).0c,
DAIRY PRODUCTS
1IUTTI5R. Wholesalo trade, as usual on
Saturday, was quiet, but tne market ruled
lirm on choice stock, supplies of which were
well under control. The quotations; Western,
solid-packed creamery, fancy specials. ilOHc;
extras. SH'ia.: eitra firsts. 28c: firsts. 27c:
seconds, 252226c ;, nearby prints, fancy, 32c;
average cnitra, 31c firsts. 28330c; seconds.
254)200,; garlicky, 24&25c,f lobbing tales of
fancy prints, ,38830c.
KOCS. Ths market for strictly fine, tin
ruled arm under moderate receipts and u
fairly active demand, but much of the supply
was of more or less unattractive stock, which
was dull and weak. We quote; In free cues.
nearby extras, 23c per doz.: firsts, $0 per
standard case; nearby current receipts, 13 70
per case; Western extra firsts, IS per case;
firsts, 15.70 per case) Southern, $3.1083.40 per
case: fancy selected candled, eggs Mere job
bing at 23S27c.
CHEESE The market ruled steady un
der moderaU offerings, but trade was ouiet
iff nuote: New Tcrk, full cream, choice, new
lTKVlIUe.i ntetals. higher; do., do., fair to
good, new. 10HO17c.; do., part skims, Si13c.
POULTRY
I.IVK rOULTBY The market was quiet
with fairly liberal offerings at quoted rates.
DugtatloM!,' Fowls. l6H17u.: roosters. ll
Uc; broiling chifkens. fancy, not Leghorns,
weighing mo 3 lbs. apiece, 204t32c.' broiling
nMckeus. not Ishorns. weighing IfflM bs,
apiece SSfirSU: .broiling chickens. Ighorm.
weighing 1HS2 lbs. aplsea. Slfliilc: broiling
cblcjrens. LeKSOrns. weighing 12 lbs. apiece,
2Mlilc: turky. 12814c. : ducks Pekln. 140
isc.j ducks, Indian Huaner, 1213c geese.
lOtlB. ; pweens. old. per pair. iLiiSOc :
ctguiss. young oer pair. 2022.
lWKgSKUTRoc stoak was prtMr -rU
cleaned up sad arm. Quotations: Itcsh.-Mllea
fer.c m.fr 'basket; llSSt.iw'iS"1
fioriaa. nr hn. i-m.-v. -"'
- - : - : -r . " I'tirimfiavj
basket, Ji::
, .r.J'.T'1'I' ftrfffl-M:
ftrini-lJla
per carrier. S2ii3; boots ChariiSfni- f10'1?
bunches,
.bunihes.
M65: b;V,.""':?iS lna- Pr iro
'1.' .irr -"?",!,, per
luumtoes, Jfiorlda. Lr
$3if3
100
V"i&iV3Vo8St cc'.l:
Kt.'',!1?8-50 : JirWgBi
Philadelphia Suburban Gas
& Electric Company
First Mortgage and Refunding S(
Gold Bonds
Duo February 1, 1000.
Free of Pennsylvania State Tax
Free of Normal Federal Income
Tax ,
Girard Trust Company, Trustee
Company serves greater part
of territory immediately adja
cent to City of Philadelphia.
Operates under forty perpet
ual franchises, exclusive as to
gas,
Earnings applicable to this
Ibsub nearly twice Interest re
quirements. Guaranteed Principal and In
terest by endorsement of com
pany which has paid dividends
uninterruptedly since 1893.
PRICE, 95 AND INTEREST
Yielding 5.30
William P. Bonbright & Co., Inc.
MORRIS W, STROUD, Jr.
Manager
43J CHESTNUT STHEET
I'blladelphln
New York Iloston petnll
London i WlUlaro P. Bonbright Co.
Purls I Donbrltht & Co.
twvvtwvwwwwwwwwwvi
MEMORIAL DAY AT
GETTYSBURG
Special Excursion Leaves Reading Terminal
SUNDAY, MAY 30, 7:00 A, M.
i spring; Oarileu Slreet. Columbia Aveuue UD1 lluutlncdon Sfrtet
Arglylnis Gettysburg laiOQ Tiaau.
"TUUNIIVO LKAVES mTVSlluiin B,oo i. M.
Sfoppluir
1 . , I " v w,gMUHM JOIWlf S", -M
ROUND TRIP TICKETS, $ CSA
I Good Special Trains Only dOU
5 I Uood Special Trains Onlv
xmrcisi car
"T
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JwgPg&giai , wiiig- J8l
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