t
EVENING LEDGEK PHILADELPHIA, -FRIDAY, MAT 8. 1916.
FINANCIAL NEWS
""'""' " - Ml,, Ml I .1.11-11 ., .IMIIMI-L-
PRICES OF STOCKS IN WALL STREET
SCORE RECOVERIES AFTER LOSSES
Unfavorable . View Taken of German Reply Causes
, Early Declines From One to Six Points Big Demand
Follows and Market Is in Oversold Condition
New York Stock Sates
LAst close, lllfh. Lovf. Ctoso.
High Points in Today's Financial News
New York banks lost $12,111,000 on movement of currency durinff
last week. The Central Aguirre Sugar Company declared dividend of $10
on common stock, against previous dividend of $6. Bar silver unchanged
in New Ybrk and up slightly in London. Reported Nova Scotia Steel
Company is about to issue $2,500,000 of capital stock, recently authorized,
to be distributed to stockholders at rate of one netO share for three shares
held. Annual report of General Asphalt Company good. Gold coin with
drawn in New York for shipment to Mcxicd and West Indies. Unfilled
tonnage on books of United States Steel Corporation as of April 29 ex
pected to shdto gain of between 500,000 and 700,000 tons.
NEW YOHK, May G.
Tho record of tho day's transactions in the stock market will havo to tnko
ft placo as one of tho important events In Wall street's history. Tho publication
, of tho Gorman note came as a complete surprise nnd Its unfavorable construction
in tho early advices wfts looked upon as a disturbing influence of the highest
importance long before tho market opened. It was quickly demonstrated, how
ever, that this influence had long ago been discounted by tho cleaning up of
speculative lines at frequent intervals in tho last Ave months and by tho re
pression of a. buying power, tho force of which is far greater than Walt street
faintly comprehended.
At tho beginning of business declines ranging from 1 to more than C points
throughout the list wero sustained because of tho pressure of stocks from various
sources, reflecting fears on tho part of somo who are always troubled to tho
greatest extent by anjt unusual occurrence. It did not tako long, however, for
this supply to be absorbed, and during tho remainder of tho day Wall street,
meaning all tho financial, commercial and Industrial lntorcsts In touch with the
Btock Exchange, took a more favorable view of tho German message, and Instead
of further soiling there was a demand which increased steadily In vigor aVl
through tho rest of the day. ,
The range of prices may bo Indicated by the fact that Marino preferred,
which dropped 6 points at tho opening to 80, lato In the afternoon was back to
above 87, whllo declines of around 3 points In other stocks, like Industrial Alcohol,
were followed by advances of 6 or more points. Some issues on this upward
movement sold nt now high figures for tho year.
As tho market closed tho demand becamo moro urgent. Tho market was in
nn oversold condition long beforo the message was received and was in a still
mor oversold condition at tho end of tho day.
New York Banks Lose 812,411,000 on Currency Movement
NEW YOItK, May B. Tho reported movement of currency this week indi
cates a loss in cash by banks of $12,411,000. Tho gain from tho interior was
z.dz.uuut loss on auoireosury operations proper was $0,930,000. Federal Re
servo Bank had debit balances during tho week at tho Clearing Houso amounting
to $1,314,000. During tho same porlod Its credit balances aggregated $9,507,000,
'showing a loss by tho banks of $8,193,000. This made a net loss by the banks of
$12,411,000.
Central Aguirre Sugar noises Dividend
BOSTON, May G. Tho Central Agulrro Sugar Company declared a dlvl
dent of $10 on tho common stock, payable May IB to stock of record May 11. The
previous dividend was $0, declared on March 16.
Advance Rnmcly 19
Ai&sxa J now Mint. . o
Mask Gold Mine! ... 10'f
Allls-Chalmers Mi. ... 20
Alllj-0 Mg pf 77H
Am Beet Sti2 07)4
Am Cart ,, S4ii
Am Can pf 109
Am Car A Fdy ,,.,, 69
Am Car A Fdy pf 110
Am Coal Products., ,.iI63
Am Cool Prod pf 115
Am llldn 4 L pf 60)
Am Ice Securities 275f
Am Linseed. ..,... i, 22!f
Am Mnscod pf ,,, 48U
Am Locomotive...,,,. 07
Am Smelt & Ref aiU
Am Smelt & Itcf pf,.,.112M 112
Am steel Foundries.., mH 62
Am Fticar Ttcrinlng,,.,lco
Am Sucar Hef pr.,..,,U0
Wi
8H
20
20X
77
OS
MH
109
00U
110
161
ID
' 8H
IBM
24'i
76X
CO
62H
109
60
110
149
IBM
8Jf
20
20V
77
OS
54
109
00!
110
1C0J,
11SW 116K 116!.
49
28
22
48
04
9.1
112
4U!
10S1S 107H MS!
116M 116H llfiH
50
29H
22
49H
09
97W
49
29
22H
19M
09
97
112
62
WHEAT IS FEVERISH,
WITH PRICES LOWER
Good Seediiig Weather, Absence
of Merchandise Call and Ger
man Note Cause Decline
128 128 127H 128
108 200 200 200
10S' 05ti 105J 105J
4.1jr 44 42)4 4 J
m'( 90
18M 1814
01' 87H
84M W
GO 05tf
mi
1SH
DM
84!f
OoM
Am Tel &Tcl...
Am Tobacco
Am lob pf now.,..,
Am Woolen ,.
Am Woolen nf 1)7
Am Writing P pf.......i8J
Am Zinc I. & Sm ,,80)$
Anaconda Cop M 81
Associated Oil ... 0714
AtchTop A. 8 V 102 101K 101K 101K
Atch Tod JSP pf....KK)H 101 101 101
Bald toco Wks.,....., bail 85 Ji 84 85
Bald 1.000 Wks nf inn M7r M7f 107J
nan s onio.., 85
Bethlehem Steel 459
Brooklyn Hap Tr. ..... 85
Butte ft Surjerlor OO
Cat Tetroleum 22
Canadian Facinc. .
Central leather....
Central Leather pf. ...110
Chandler .Motor.. 01)
Ches A Ohio 00
Chile, Copper 21!
Chlno Copper 52!f
Chi Mil S. St Paul.... 02!f
C C O A St h 40
Chi & Northwestern... 127 127H 127 127M
02
22
.105) 100
r.l'i 52)(
111
89
00H
21
5H
93
40"f
81! SI'S 84)4
454M 410 454H
84 84J 84Ji
87't 02
20 no
Wtii 100
sou ran
110!f in
89 89
69 G0H
20H 21
62
02Jf
40)(
53
03H
10K
Chi It I A Pac Hit 19H
nmcti i'ea a co 70 08
Col Fuel A Iron 40H 41
Continental Can 8HH 81
Consolidated Oas 132H 132
Corn Products Itef.... ISH 0ii
torn I'roa iter pr 94
Cruclblj Steel 79 W
Detroit Edison 132
Detroit United Rys....l00
Distill Sec Corpn 49'
Dome Mines..... 25M
Kris 34H
Erie 1st pf 61
Gen Chemical... ..... 330
lCJf 10X
08 08
30U 40H
83W 81
13W 132
18! 19H
mi 93i
72!f 79!f
131Jf 131! l.'HH
100 995f 100 ,
SOW 47K 60! i
26M 25 25)S
35 335J 35
51 403X fil
321 320 320
93)i
805
CURB UNDISTURBED
BY GERMAN REPLY
Slight Declines at Start Are
Quickly Recovered Indus
trials in Good Demand
NEW YORK, May 6. Trading on the
Broad Street Curb was not seriously dis
turbed by tho publication of the German
note, probably because of the fact that
there are few margined accounts in that
market and with holdings in strong hands
there was no necessity for liquidation in
order to save balances.
There was a natural display of. weak
ness nt the start, but losses in that period
did not extend much beyond one point In
any of tho active Issues, and theso losses
were quickly regained. Many stocks re
flected a sold-out condition.
This applied particularly to Cuba Cane
Sugar and Mldvalo Steel. In' the last
named stock nearly all the selling on the
early decline was by bear traders and tho
belief prevailed that an extensive short
Interest has been' created In this stock.
trading interests concerned in trade
properties were buyers on whatevor re
cessions occurred and bids were advanced
as tn day progressed.
Chevrolnt yielded 3 points In the early
trading to 196, but quickly recovered this
loss and Submarine, after selling down
1 point to HYi, advanced to 38. Houston
OU yielded Vi to 17 U, followed by an ad
vanoe to 19, Ray-Ucroules held steady
at 4 & to 4 H and a firm tone was shown
In the United Verde Extension.
Aetna Explosives was active and strong
at the opening, moving up from 18 to 18 .
Lynn Phonograph and Zlno Concentrating
both shaded off fractionally at the start.
In the late trading a good demand was In
evidence all through the list and brisk ad
vances were in order.
INDUSTnlAISI.
Bill,
Elnalohr Tob ,,....., 0
dA orf erred. ......... i ..... - O
jUu ilubbar Tlra.. , 6i
Am Jjrlt Jif..... ....w. is
New York Bond Sales
, 000 Arsontlne Ss
18000 Amer Tnl clt 4"!
li'UO Amer Writ Pan Ss
ui
m
to
1000 do adj .s (14U
BOuo do cv 4a ionn;::"iui':
p ctsj 1017 loi'J
It & Ohio 3V4 02t
o 49 mif
E ? :; -i '""i? 1"0 loo
h Steollst Bs....l03;j 10JJ4 103'
,tH Si lOlli 101U 101 1
)Ok Han Tr r. Ma innC TnAt! ,,
fwerrd. ,.( 6
Jlubbr Tlrj ...,... Jtt
Tlrlt Mf IS
Jin 2fJircont. ,, S
Allimlo Uulf i W I 3
o preferred, ...... 40
onujany.. , , , co
preferred...,.,. 77
r, ........... . tr
adian Car Comsany.
an i;ar a ear
heTrojet Motors.
uam
Cane flnnr
CurUae Aeroplane....,
x. .-.. J-
JLJXisve-oeauarjr .....
ciaiereoa lnonoiiTBra. ....
r.t .186,,
Hukell Barker Car 87
Henlee Mariuracturlna. .,.,..,, 20
Inter Mer ilarine.. ......,...,., 22
do preterred ......,.. -.,
Ktttbodton Bronae pret. .... 31H
Aiaxim . iunuiona. .,,.. v.
Manhattan Trana, 1
uavaie utcel... ...... .......... su
eerleee Motors, , 23H
I-QOU I U1BM, iVV
B B Kreege w 1.,,....,,.....,. 12
BUndard Motors ,..,....., 8U
Submarfne . ,,........ 84H
Triangle Film, ,.,..,.,... 4
United Profit Sbarlns .,,..,13-16
88 Llsht A Heat com, , . 2i
S Ua-ht k Heat pref. 4,,
-White Motora,..,., 4H
World Film ., 1H
STANDARD OIL.
Illinois , 170
Ohio 220
(standard off o'f ' Calli'o'rn'la'.V.,; ." '.2la
Standard Oil of New Jersey,, ..,,513
Standard Oil of New York. . .....20G
OTHER OH. STOCKS.
Coaden Oil .,
Chalmers Oil
inter retroi
Ilouaton Oil
Asked.
12
BO
101
nut,
rU
70
83
1UU ,
BOH
48
MS
ss
so
3
:i
Ildweae Heflnln .. A
Sapulpa Hellnln ...,.,,. 1-Yt
Aarnetv uii ...,,,... aa
MININO STOCICS,
Atlanta , .t-t..
Stt 9?Ptt 2lns ...........
2att & x ..................
rorro de Paaco
yirei naiionai
Goldfield llrsr
necia. Atuuns ........
Howe bound
Jltn Biitler .
Jumba lrtenjloA ....
Kenefick ZUw ......".
UcKlnley-Darrach . . .
Masnu Copper ......
Mine Co o! America,
NtDlaalns
Kan To V 1
St Joaephi hnH :.... 10H
WW gnd Com lis
BONDS.
sm de Faaco ft , 114.
Chea t Ohio. 3s ni
JM41 S 9T
nn
62
25
110
12tt
U
sb
3
4
l'.i
173
232
214
24S
518
203
16b
DO
im
12 , IS
m I
12 13
I8- fe
75 78
5U tiH
IB 7A
IS
1
us
0TS
NEW YORK BUTTi3B AND EGGS
HEW ?OBlc May 5. BUTTEK Conalder
atly lower la f.aa or Jneraaaed anppuea; re-
S2c. Inmatlon eremry, SSlj .
EOOS Hish era4e ateidar to firm, under
graOe er. rswlpor, M.21S cum: extra ttrata.
not qitcrf. flrata. 21ii,aaS5: white egsa.
25fi.; hrown tsss JlQaiSc. nild color,
lulsaBs.; refrUerawr. beat. jafiMKe.
IQYEBNMENT BONDS
r.l'l Arked.
XMUfc
jotC iosH
?fP"T. 3FI-et ..ii .. .
ImhSB to urn Hm ' '
.-kikurrii ISIS
? .
J
JnR8 r, 1? fV" 1017.
noon An j "
.,', uu dd oa
iiuuu iieth
20OU An
AxXZ roo ap Tr Bs '18.100
., ,!!! CaJ Oov w I Be '2a.. 98
.S5S oo w 1 oe 11)31.... D0H
Wuuo do Ei v i 11)21.... nns
201100 C II & Q Ttc 4a . 07'i
1000 C II & Q III 3 tie KS
10000 C M ft St P ov 4V4s 100U
80 Col Midland 4s . lT
inRSR Cubsn-Am Bupir es.l0J4
IWOO Cumberland 'Vol Ba..l0()
Low. Close.
05 . 1)3
75 75
2Ti 02H
84 , 84
lOlfi 101U
lOlJI 101
1)214 l)2f
1PQS
l'.i
2000 Del & JIud rfd 4 '.'. hl'i
10 ijen & Illo Or rfd Sa iiritj
IftArt t? 7 "-u yrP OH., ill
34000 Urle conv 4a Ser U. 77'I
1000 fcrle prior 4a ..... 8.vt
4ISS. Rrle 9v.-. sr D w 1 83
1U1III lillrt Fj Mnn In Km
7000 Hud & Man rfd 5
5000 Interb Met 44a.
.AJS Jn'orb It T ref Ss..
5a...
as.
m
70
73H
VI
aoaooo inter Mer Mir ct...'l00H
iRSR JaP new O s 4V4 81:
SRnn IW -Steel es5q. Si..
SSK2 ?5 f T l;t 4. 73
1000 Mo 1'ao 4 30 U
?,002 ?Iont lower Bs .... 0(1 2
2000 Nat Tube 3a '."."loo
2000 N Y Air B cvt SsIlnliU
.3000 N T C L, 8 3 Ms. . 76
112000 N Y C & U &.....llK
2000 KTC41 aUi. . HT'it
1000 N Y 8 & Hud 4a I 02 i!
4KSX -i. . ."-." ".'.
vyv a. i .iiy
aot)
Oil Ti
t u n Kino i,a.
JOOO NY city 4a ioa.t'.iouu
iWnii YS ?," J1;y 1037 100
13000 N Y Itwy ref 4b.... 78 W
5000 N Y eTljren 4 He OSS
0000 N Y W f 4 B 4 74
," N AW 1'ooahonl. I5'l
SS'iS.for. pa sen 3s.... Oil
,8000-raolflo Tel Bs ..... 00i
1300O Iteadlns- sen 4i 03?
1U000 Itep Ir 4 S Bs,..." nM
:K!;!J ,lc Island ?M 4a "S?,
32000 lloclt Ialand fia ...I 41)
JUOO Itoclc Island reir 0i..lolV4
8000 Ht i.ima Roil SS
2000 B L&SP rfd ct ata 4a US'
ruu - uo sen ct ata 4
20U0 St Loula Swn let
cooo South Uell Be looU
aoooci South Pao 4a ...... sa
W SoSinPa. " .87K
V"V" "w t, 0 ........ 1114
lUdti 1IHIU
in inofi
7?j 78
i8!h
ita 4a ilSH
44a. W
at 4a 78
000 South Pao rfd 4a " mty, oo
South rtwy.een 4s.. 70 70
11000 South QwV nnn na IHiai t.kilt
SSn8 Senn CS" ret ," pd.no no
2000 Texaa Co cv As ...10 174 101'i
JSit2 3Ti?!" Ave Vef is".', 82 82'
uuo Third I Ave adj Bs,. 80 80
isxx H "ov ""e ...... ..1V2 102
BOOO U S Rubber 6s ,."l02i4 1024
5ftnnO IT H Htul mf Km ,.,?' SAll
"inn r, S al"V "t ".".:"SXV ""
0000 U 8 8 R 4 M 0a i.lll
-5S2i Hn!on Pac !' .. oa
60000 Union Pao rfd 4a .,00
JOOO Va Car Chm 1st Ss. 08S
1000 West Eloctrio Sa ,.10l
3000 W K & M CV Bs w 1,116
S000 West Shore 4a -,,,00
10S
110H ill
03 Ott
uu
D8H
101
115
00
0H4
liilTi
LIUVl
11(1
uuU
3100 BONDS
Rate.
Alberta, Province of..,, 4H
Ansio-French B
Argentine Government., B
City of Baltimore 4
City of Chlo Har con,,, 4
City of N Orleans Imp., S
City of Vancouver ..., 4W
New York City re,..; 4
New York City res. ., ' 4J
U 4 O O 4 t, Kan 1st. fi '
Cen Vermont Ry 1st rear 4
Chi 11 b Q Denver eat. . X
C M & St P sen rfd con, 3
Chlo M It St P con. .. 4H
Col 4 So ref 4 eat ... 4(1
. x .uini con ueu . , o
N Y to take (Erie) 1st 5
NYNH4Ilodc. SM
i1 i n c aen res. o
r.orx ss west 1st con. . .
Sea Air Line 1st 4 con.
So Pac-8 Kran Ter 1st.
Vlrslnlan Ry 1st
Am Asrt Cham con deb.
Am lea Securities deb
Am Tel T eoll tr etf s.
Am Tel & Tel con
Ileth Steel 1st 4 refund.
Cent Leather 1st resr .
Cities Service con notes,
Cora P Ry 4 LUst con.
Denver Oaa 4.Eleo 1st.
General Electric deb . '
at West Pow con deb. . .
Uicka steel 1st con. . ..
Iclede Gas 1st
IJg-sett 4 Myers deb rez
Liggett 4 Myera deb reff
P Lortllard deb r..T"
P Lorillard deb its. .
Plerca OU con deb
Mon Pow 1st 4 refund. S
AT
Due.
1024
11)20
1013
inn'
1017
Bid.. Asked,
113, U4,
U3
ss
081
1)9
U4f
-Si
1020 1(1(1
193 02Vi
lUM 1UO
ii
107
10110 101J4 103K
1050 U8T inn
n r .
' Brake 1st con
1020 83 ,,
10J2 09 "
2014 1011 H , .
1032 ion; 101U
1US5 83 83
lS?a lu3 "H
l 11)58 71 721
11)48 114 1J4
4 1UUH 8311 D4U
6 1045 09 100U
4 11)50 83 66U
5 !J2 08W B9Vi
5 1824 HSU ..
6 1923 84 86
4 j2 01V4 ..
4tt 1933 105 107
a 101.: loot loli
B 1D25 100 .:
7 1018 101 103
6 11)18 101, 103
6 1019 S9 100
Sli 11142 82
H ID'JI 98 90
B 1930 0254 C4
s loia ioo2 ":
7 1044 124 125
5 1951 100 lOltt
7 1944 1241 121
S 1951 100 I0ia
8 1924 85 R(l
5 1913 934 S744
1823 lor 163
General Motors pf 117M 118 HOJi 118
Qranby Consol 87 80 80 SO
Otfeno-Cananca 40M 41)H 48 40M
Goodrich D F 7-i 7'1W 72M 74!
Great Kortbern pf 1105 HOH 118 HWi
Gt N cfs for oro prop. 39 -10 38Jf -10
GillfSS2dpf 7.5 72 72 72
Homcjtaka MInlriff....l29 130 130 130
Illinois Cent 101 100W 100H 100M
Int Acrlcultural 15H 15H 15 15
Int Acrlcultural pf.... 49M 50 47 '50
Int Con Cor v t c sh. . in". 10H 10 10H
Int Taper 10M 10H 10H 10H
int Paper pr 45H 40H
InspConCop 44i 44M
Int Nickel v t cfs 48 M 48H
Int M M c or dp 23H 24
Int M M pf o or dp... 80 87K
Jewel Tea 87H 80
Kan City Southern.... 2.1U 235(
Kelly Sprlne Tire 70M 71
Kennecolt Coppor 55J 50!
Kines CoELi P....128K 127H 127
Lack Stool Co 08 073f
Laclede Gas 105 105
Lake Erie & Vt pf 32 32
Lee Rubber Tiro 49M 49
Lchlch Valley 75U 70;'
LlRjett 4 Myers pL... 119 119
Iirlllard P Co 19SM 105
Maxwell Motors 75 70M
Max Motors 1st pf.... S3 83 .
Max Motors 2d pf. . . . 55H 55r
May Dept Stores 55 52J i
Mexican Petroleum.... 08! J 101
Miami Copper 30K 35M
Mo Kan & Texas SH 3H
Mo Kan & Tex pf 10)5 10
Mo Pao tr cfs 4 4
Montana Power 78 78
Nat Illscult 120 119M HOW HOJf
Nat Enato & S Co.... 22H 23H 22H 23a
Nat Lead Co 05 05 04SS 05
Nov Con Cop 17H 17H 10H 17W
New York Air Brake.. 129 12GU 125Ji 1203f
NYNH&H 57?f 58 57H 58
NYO&Iin 1035i 105 102H 101W
NYO&West 201i 20H 20 20W
Nortoik & Western. ...122M 123M 122 123)i
Northern PacIIIc Ill 110)f 100!f 110!f
Ontario Silver Mia.... 9Jf 9 0 0
Pacific Mall 23Jf 24W 23 23f
Pennsylvania Itli 55H 55K 5.5W 55f
Peoples Gas Chi 100J 101H 100H 101H
Philadelphia Co 40K 40U 40Jf 40U
Pitts Coal Co N J.... 27 2G?t 20
Pitts Coal N J pf 100 101 101
Pressed Steel Car Co. . 46H 45 44
Pub S Corp N J 125M 125M 125
Quicksilver 3M 3)i 3
Ity Steel Sp Co nojf
Ily Steel Sp Co pf.... 97
Ray Con Copper 22J
Readme SOU
Readlns 2d pf 45
Republic Iron & S 45i
Republic I & S pf,
Seaboard Air Lino 15
Sears Roa & Co 178
Shat Ariz Cop 32
Sloss-Shef S & 1 61
South Porto It Sus....210
Southern Pacific....... 90
Southern liy. , 20M 20f
boutnern Ry pf CO COM
10H -tOH
43 4IH
47H 48M
21 24
81 807i
81 SO
23H 2.IH
70 71 '
54K MH
127 127W
G4 07
105 105
32 32
48W 48Ji
70W 70M
110 119
195 195
73 70H
81H S3
54 55
52J 525f
90 101
35 35)i
3 3H
10 10
4 4
77H 78
42K
90H
22!X
87Jf
45
40
37K
05M
'Mi
So
45
44
20M
101
45
125H
JV,
42H
95H
22H
S7H
4R I
.100'f 107H 10751 107,
15 14H 15
170K 178 178
32 31
54H 52!f
210 205
OQH 05!f
20
59
32U
54H
200
BOK
20f
COM
127f
45
mi'j
11142
ID'JI
1950 924
1010 100:
1044 124
k m
1951 100
1924 85
1913 sSVi
1823 ior
U. S. Shipments; Increase -NEW
YORK. May 6. The usual com.
pllatlon by the foreign trade department
of the National City Bank; for the week
ended April ??, shows the destination of
the principal shipment as follows: Eng
land. 53,035,239, against J3.491.590 for
1915. and I2.34M17. in 1914; France
J7.151.091. against 11,216,8 h, 19Hj
Russia. S,730.09i, against 118,111 in
1915; Norway 2,200407, against iJO.SOS
In 1915, the Netherlands' 1 634,;: S, against
4,059,139 la. JIJ5; Scotland ilASMit,
against ISS.3.04 In lSlsrCuba H.65,SJ9,
against J18I.00T to 115. '
. i i -
BAR SILVER
Cgmmerclal baf til a incited la New
Is tjsdm far ,jwr ww nuatsd at T4,
SS taw OS 1-l'ii
StuUebakerCo..., 125W 127i 121
Tenn Copper 44X 43H 42
Texas Co 182W 185 1S0M 184M
Texas Pacific i. !1! OH 9H 0f
Third Avenue CO, 00H 60 COM
Under Typewr 07 06)f OOtf 90f
Union Dae & Paper... 0 5V, 5H 6!f
United Cigar 6tores.... 02f 92 Olii 01H
Union Pacific 1321f 133H 131M 133M
USIndAlco..., 149)4 152 148 152
United Fruit 149H 159W 147 159Jf
USOIP&F 20M 20 20 20
Un Rys Inv Co pf., 21 23H 231 23H
0 S Rubber 52 53H S1H S3H
US Rubber 1st pf...,108H 108 108 108
US Steel Corpn 82H S3 80H t3
US Steel Corpn pf ...115U 115H 115 115H
USSmR & M....... 72W 73H 6 73H
Utah Copper 705f 70Jf 78 78J
UUh Securities 17 17 17 17
Va-Caro Chem,, 40 40H
Wabash 14K 14f
Wabash pf A..., , 43H 43H
Wabash pf B 20H 26H
WelU Fargo Exp 125 125
Western Maryland.,,,, 294 30
West Union Tel 00H 00M
West E A M.,.. ..... 56), 68H
Wheel & Lake Erie..., 4 3W
WooUorth JT W.
..125M 127
40 40(
13W HH
43K 43H
26 26H
125 123
29 30
90 OOH
55H 5SH
3 3
120 127
WAGE INCREASES BOOST PRICES
1
Strikes Also Play Important Part in
Dry Goods Trade -
NEW YORK. May 5. In its weekly
review, the Dry Goods Economist says:
"Cessation of work, from strikes, and
the raising of cost of production by the
granting of higher wages have been im
portant features of the week. In the
leading cotton mill centres in Massachu
setts and Rhode Island a raise of 10 per
cent has been granted, and similar con
cessions have been made in other New
England centres. Strikes have occurred
in silk mills and in woolen mills at va
rious points. Of great. Importance, too.
are the developments In the coat, suit and
skirt Industry In New York and vicinity
"The complete shutting down of these
branches in and neav this city has Its
bearing on the fabric markets. There has
been some cancellation of orders for wool
and worsted fabrics by manufacturers of
coats, suits or skirts, who feel financially
unable to carry stock during the shut'
down, of their plants, wherever possible,
however, such concerns are holding on to
the materials they have and .allowing1 their
orders to stand, in view of the 'price ad
vances whlch'have occurred since the- pur
chases were paade."
Cotton Statistic
LIVERPOOL May 6. The following
are the weekly cotton statistics, tlgures
la. baleat -Jaswts, $5,000;. American,
S3.AMS stock, S,O0Oi Awertcaa, 5J,.
oot torwsrded, tS.OOfti Amertean, 1,800;
l - 11 Sfi9 1
ORAb: nni.T wKATiiita foukcast
rittCAnO, Mar The weather fore
cnt for 30 liom-n follottM
Illlnol (itntrnltr.falr foment nnn Sat
urrtnrt warmer tontrht nouthcnut..
Miourl nnil Iowa Fair tnnUht nnd
Solnrrtir. rontinnrd mild . temperaturm, .
mfonaln ralr tonlsht nnd probahtr
BafnrdiTI cooler tonlsht eitreme, rti't.
MlnnfKota l'artlr rlondr tonlslit nnd
Snliirilnr with moderate tembrrntnrr. .
. North, nnd Sonlh l)nkoln lirnersllr
fair tonlaht nntl Hntnrditr. rontlntid mild
tern pemtn res.
,Nrhrnkn rnlr tonight nnd Snttirdan
wnrmer tonlaht noulli rentfnl..
Knn Fnlr lonljht nnd. Rntnrdsrt
winner lonlcht northwest portion.
CHICAGO, May B. Today's wheat mar
ket was feverish nnd unsettled, A sub
tntnntlrtl recovery, duo to the execution of
resting orders to buy nnd an nctlvo cover
ing, after the market had shown pro-,
nounced strength, wns followed by nn
other recension, although last quotations
were above tho lowest.
Excellent weather fcrr tho finishing of
tho seeding of tho shipping crop nnd for
the growth of the winter plant, coupled
with nn absence of merchandising call,
was probably mora responsible for the
drop than was tho response of tho German
Government to tho last noto of tho United
States.
The downward movement received Im
petus because considerable long stuff
thrown on saleycstcrday had not been
digested. To help tho bulls thoro were
further reports of green bugs In Okla
homa nnd in the southern tier of coun
ties In Kansas.
Tho Modern Miller said thnt efllds In
Kansas And Oklahoma looked promising,
that Texas would produco 60 per cent, of a
normnl crop thnt prospects ; that prospects
In Nebraska wero good, but that In tho
soft wheat nrcas there had been no Im
provement, Tho Kansas Grain Denlcrs' Association
estimated the crop of that State nt 110,
000,000 bushels. The Ohio crop report put
tho present condition of tho plant at 65
against 66 a month ngo, 94 n year ago nnd
102 last July.
ExportB from tho United Stntcs for tho
week wero estimated nt 0,302,745 bushels,
ngnlnst 7,996,026 bushels Inst week nnd
6,817,268 bushels n year ngo: for the sea
son they amount to 369,405,930, com
pared with 349,780,822 bushels In tho
preceding senson. .
Tho final setback was caused by selling
by longs, who feared overnight develop
ments. The market at Liverpool was
easy, becauso of froo arrivals.
Corn, after recovering from an early
decline, also receded, and closed unchanged
to -"So lower. Exports of corn for the
week wero 622,004 bushels, and for the
season 22,p46,GS8 bushels. Tho market
at Liverpool wob firm.
Oats, after showing weakness, rallied,
but closed below tho best.
Loading futures rangrad as follows
amy
July
Hpntmhr.
torn tnew
May
July
Hentembor.
Oata
May
July
September.
i,ara
May 1.1.00
July 13.03
Heptcmber.13.10
lllba
May 12.72
July 12. 85
8eptember.12.00
May .77. . 23.no
July .....23.70
September.23 25
-Uid. tAskcd.
Sales in Philadelphia
ltlirh. tw.
T
MS
14
Wheat Opn. Hitch. Low. Clone, cloae
tny 1.13, l.fBji l.llflM.lSJi 1.13H
uly 1.13H 1.144 1.12 M. 14 1.14J4
ieptember. l.2 1.1341 1.11K ! 13H 1.13H
delivery) ,
70
31)4.
78i
31)
in
7(1
"70
47
43
t31)i
70
70
75
3'JS
13,02
13.07
12.fl7
12.8S
12.U2
23.P0
23,70
23. 3T
12.07 18.02 tl3.07
l'.nn T13.00 '13.02
12.07 18.07 13.10
12.02
12.7R
12.8S
23.00
23.02
23.23
112.67
12.77
12.00
12.TT
12.82
12.02
23.90 23.87
1:3.85 '23.70
23.35 23.40
Financial Briefs
A. J. Moxham has resigned as president
of the Aetna Explosive Company, Inc., and
II. S. Kimball has been elected to suc
ceed him. In order to havo Mr. Moxham
continue with tho company In a consult
ing capnclty he was elcctod chairman of
tho board. Mr. Kimball Is president of the
American Zinc, Lead and Smelting Com
pany and will continue In that position
also.
A special meeting of the Imperial
Tobacco Company has been called for
May 9 to confirm the action of the direc
tors In declaring a stock dividend of 100
per cent., as announced Wednesday.
Gross earnings of tho Portland Hall
way, Light nnd Tower Company for
March were $450,813, an Increase of
35239 over earnings for March, 1915. Net
earnings were $106.598. ,a gain of $17,362.
The Diamond Match Company had
gross earnings of $2,284,564 during the
year ending December 31, 1915, as against
$1,872,166 the previous year and $2,137,
831 In 1913. Net earnings last year were
$1,605,009, while In 1914 they were
$1,775,816. ,
The reports of copper from New York
for the week ended May 4 amounted to
897 tons, against 4455 tons in the cor
responding period laBt year.
The Heading Coal and Iron Company
reports that all Its collerles are tn oper
ation. Those of the Lehigh Coal and
Navigation Company are still closed. It
Is believed that any anthracite, collieries
now closed on account of the men being
out will resume work next week, In view
of the agreement with tho miners.
The New York Subtreasury gained
$2,055,000 from the banks on Thursday
making a gain since Friday of $9,280,000.
Gold coin to the amount of $150,000 has
been withdrawn from the New York Sub
treasury for shipment to Mexico and $30,
000 for shipment to the West Indies. The
Subtreasury transferred $726,000 to San
Francisco, $200,000 to New Orleans and
$100,000 to Cincinnati,
American Beet Sugar net earnings dur
ing the year ending March 31, were
$2,174,831, an Increase of $1,573,188 over
those of the previous year.
Clearings through the banks at all the
more Important cities in the United States
continue to make new high records for
this period. The total this week, accord
ing to Dun's Review, amounted to
$4,625,691,206, an Increase of 22,3 per
cent, as compared with the $3,782,106,792
of the same week last year and of ZS.Z
per cent, as contrasted with the corre
sponding week n 1914, when $3,017,203,-
sjs was reported.
Net earnings of the Crucible Steel Com
pany during April amounted to slightly
more than $2,000,000. This brings the
total net since January to more than
$7,750,000, a good portion of which has
been put back into the property.
The Philadelphia and Heading Railway
Company has awarded a contract to
Mitchell Brothers, of Philadelphia, for the
construction of a bag and truck house in
the coal yard occupied by Edward L. Tay
lor at Fern Rock, Philadelphia.
At the annual meting of the Allls Chal
mers Manufacturing Company, Grayson M.
P. Murphy, vice president of the Guaranty
Trust Company, and Charles, F. Foster, of
Milwaukee, were elected directors to fill
the vacancies of Colonel Pabst and Will
iam C. potter, who had previously re
signed. Other directors were re-elected,
RAILROAD EARNINGS
ST. LOUIS SOUTHWESTERN.
1916, Ine.
Fourth week April ., tsu3.000 iSO.OOO
From July 1 1Q, 201. 718 1,303,522
MISSOURI PACIFIC gySTBlt
March cross I5.4T7.492 I870.B03
Mae moatW siojmp.'. 4T,'sI2Uu5 1
Kst -. 10.S6O.8W
pELAVf ABB AND HUPSON.
Nst -. - 4C0
124-
20 Am Mllllnc
(S 41IU CTlllQlllUS. ',l
100 Am Ice 2?!i
20 nmto Sup ... so.,
078 C R t A P.. SH
loo Cent Leather ,81.,
120 Klea Stor ... 9SU
100 Erie ,. 84
1(10 Int Mer Mar, 24Ti
BO Ins Co N A.. 23V4
BS Key Tel t c.. 13tt
883 Lit Snp Corp. VM
124 !-h NaT .,,, 75
J Leh Vsl 70
IB Leh V Tr pf. 43
1042 Tenna , 8
43 Pa. Co cum pr 42 M)
34 1'hlla Elec ,. 27S
23 P 1. T tr ctfi 17H
21 Phlla Trac . . 78
110 nay Cona . ., 22.,
18.1 Readlna- 8fiK
1873 Ton Hrlmont,.
inn Ton Allnlnff. ..
" 14 Union Trac.,. 41
85 U Gn Imp... 871
8380 U S Bteel...,, t.)
10 W N r Pni. 13
276 W cramp A H.
A
TIOtit3,
Net
, Close, tune-
t . -- T ,,f
Sift rST&
S IS m
23 23.,
nil ,'JVi
B IS -l
in 43., ..i;
S5 twft M
44 i'ln .....
m mb
22 22
ott , s-io
IP 8- fe
1200 Am O A Kl Rs.
HUh.
UK
2000
231)0
rio 3!4s '84 c
no red
liinoo city avis 'ai c va,
i c.
r..i. :
iTrli 1
rps (ls.lt
fat na-t
- ail .in
r 4',i.K)lJ
Net
Ikjw. Cloae, ehgs.
i'j , , t ,
2000 Kl A PeoTr 4a 80,
-'
20(10 Pft CO R 4'iS.l()l
(looO'IInrrl llros (ls.102
aooo Key Tel let na-wst
12(ioo It V lirr 4V4S.IOOH
innnn rln pa 4Ua .1031
100(1 P II A W st 4a 90VS
BOO Phil Elee 4 . S3.,
BOOO Head a-en 4e . 93
1000 Un Ry In Bs. 71
4000 W N T A Tft
mo Ss 30
n
IIS l5 ..,1.
nlf SiS "
H4H D4S
ll 00,, .,.,
102J4 1W14 y.f,.
"! J"?!? '"U
insU injji H
09M 09H .,."
8S. 83., 1
113 Q8H .....
71 71
30 89 .....
Local Bid and Asked
Baldwin
IlufT and Bus
tin pm
i:iec Storacre ,,,
Uenernl Asphalt
. do pfd .,..,.
Kejalore Tel ,,.
'do tr ctfs ,,..,
do prer
Lake Sup Corp .
IhlKh Nav ....
Ihlsh Val
Lhlgh Vat Tr .
do pref
1IQ
iosMi
t c 33
Rid, Aiked. P.M.,
- -8Tn. ,
1111 ,UC1JI
0Ht 01
Is
I
7B
77
22
42
?
I liu,.
1 ?J
BS4 BOH
a,!t niU
70, 71
UHi 14
lS't 14
ai'i 2.j
42 43
NEW YORK. COFFEE MARKET
NEW YORK, Slay 6, The coffee market
was caslor this morning nnd llrstprlccs
were 0 points lower under scattered liqui
dation, prompted by the unfavorable po
litical situation. Trading, however, was
not particularly active, and on the call
transactions amounted to only 2G00 bags.
Today's
opening.
May
June
July
Auxuat
September
October
November
December
January ,
February .,
March 8.0700.71
April
Uld,
Total sales. 3000 bags.
8.31
8.31
8.40
8.1008.30
s.'s'fOS.BB
Teaterday'a
cloae.
8.20198.38
8.1126 8.34
S.37C'8.'18
S.425'8.43
8.45;'8.48
S.BOC'8.02
8.O4W8 30
S.Bn8.B0
8.(14 4 6. OH
N.S;'8 71
8.75C'B,7
8.704 8.8
8,77
FOREIGN EXCHANGE
NCT' YORK, May 6. The market for
foreign exchange In the first hour of'busl
ness today ruled quiet, but otherwise pre
sented .little feature. Quotations: De
mand sterling, 4,75 ; cables, 4.76HI
frano cables, 5.93 i ;. checks, B.94&:
relchsmarks, 7676V4 ; Italian exchange
was a slight shade easier at 6.24 for ca
bles and 6.25 for checks. Guilders, after
nn eaBlcr turn, steadied nnd so were un
changed from Thursday's final at 41
for cables and 41 V. tor checks, Other
quotations were: Swiss cables, 5.18 VI ;
checks, 5.19: Vienna, 13.2013.25; Stock
holm, 30.30l930.45; pesetas, 19.20019.85;
rubles, 31031H.
In the early afternoon tho feature of
the market was nn entirely-nominal ad
vance In relchsmarks to 77 77- No
business was done at the quotations.
Francs were slightly lower, at 5.94 for
cables and 5,94 for checks. Sterling
was unchanged at 4.75 H for demand and
4,76 V. tor cables. (,
BANK CLEARINGS
Dank clearing! today compared with corre
.pondlns day lajto jear.:
Phlla. ...140,091,739 S3A.7ia.fUtl $21,378.1138
Hoaton ... 34.149,072 ?.n4(1.333 T23.778.R71
New York., 508,080.430 414.320,093 202,021.232
RATES FOR MONEY
Call.
2&
Time.
2i 3V4
4 3j44
a
New Tork ...A 2
1'nlladelphla 3
ltiimn 3
f'h(-nirA 3 '4 (011 4
Commercial paper, 3 to 6 months, Phtladel
phla. awavj per cent.
LIVE STOCK QUOTATIONS
May 3. HOGS Receipts. 10.
Igher, Mlxd and butchers,
CHICAGO. May
nnn Xlarkpt Be. h!
19.30 10: good heavy, u 7009.95; rough
heavy. 9.409.03; lleht. 0.35l(l; rl8. 8.I0
ffill 20: bulk. 19. SO 09.93.
CATTLE Ttfcelpta, 1000. Market atrong.
Beovea, J7.fl34f0.lnij cows nnd helfera. I3.83&
U.HU: atocKers ana tcearrs, in ix'aa.ov; Texans,
il.4()itv IS: calvea. 17,
0.2S.
SllKIil" Receipts, 7000 Market stead;
Native and Western. 0.15&O.40; Iambi,
vyt-l.ta.
eady.
IV.SO
Demand for Copper Insistent
NEW YORK. May 5, The demand for
copper continues as insistent as ever, and
leading, authorities express th,e opinion
that there Is still a large quantity to be
sold to those who have not been in the
habit of taking care of their requirements
ahead. Wire and brass manufacturers
In this country are the most urgent pur
chasers Just now and are willing to place
orders into next year.
Condition of U. S. Treasury
WASHINGTON, May 6. The condition
of the United States treasury, according
to a statement Issued today, was as
follows: Net balance in general fund,
S132.529.537; total receipts, $8,713,671;
total disbursements, 19,773,275; deficit for
the year, 525,621,243, exclusive of the
Panama canal and public debt transactions.
- We offer a new issue of
3-Year
Convertible Gold Notes
Yielding 5.75 ?&
Particulars on requeit
for Circular PE-99
N.W.Halsey&Co.
Vim Chestnut St., Philadelphia.
New York Chicago San Francliee
DIVIDENDS
UNION NATIONAL HANK
, . Philadelphia, May 4. IMS.
Tba Directors bavv this day declared a
Semiannual Dl.U.nd of FouTTl) T7cen
payabla on demand, free of ta Check maiiia
W1U1S N. SP1ELUEKQEB? !
, CaahUr.
CKNTSAI, NATIONAL BANK
Philadelphia, May . 191
Tt Director have this day declared a tn.
annual Dividend of 8 per cent,, irt S "S.
payable, on dtmacd, "
WILLIAM post.
CamhU.
BPKCIAIi MEETINGS.
THE MANHEIM BUILDING AND
TJ14N ASSOCIATION- fit- nnnVT."
TOWN, PHlLAD.EUr-IIlA. V"
AaaociatEa wUl bs hold at ttut Offlca of th!
Aaaoclatlon. at Uu aoutbartst conut of Coul"
Ur L and Germantown a jna Tbttriday.
July SO. 1818. at 8 p. m.. In ecordnS iilth
a resolution of the Hoard of Dlnctora, to tike
action on approval or disapproval et the rro.
poavl tncraate of th capiul tock of thU
Auoclatlon from 11:000.000 to $2,000,000,
VrTLLIAM C STPSVER, Sollcitcr
DUtr.CTOitY Of ACCOUNTANTS
CaHfUe Fublla Tniinf.
ttxtttt t trr, nPTiF.RS OF Tl S. fiTP.mr.
EXPECTED TO SEfofr HEAVY XtfQft
Gain of Between 500,000 and 700,000 Tons ei
ti Gfrtt- MariVaf. Quiet. With fJpTimci1 hiiuA
ency of Prices Toward Lower Levels VAS
According to the best estimates obtain
able, the statement of hew orders on the
books of the United States Steel Corpora
tion as of April 29, to ba published at
noon on Wednesday, will show a Bain of
between BOO.000 nnd 700,000 tons. This
will bring the total bookings to a new
high- level. If the Increase will amount
i ... ....t. - -nn nnn nn 4hA nrnerA
to u IIIUUII Ita luuivv, iw,,o, ...- --
on hand nt the end of last month will
have passed tho 100.000.000 ton mark.
Some interests maintain mat oruein m
celved during April were nearly It not
i. .... I..-.- n tt.A.. n 'Xtarh. flntl
lUILB n iniBQ na .iivav iw. .......
In that month the gain Was 762,038 tons.
The continued feature of the tonnage
statements Is that the greater portion of
,1. (.1.1 Im r.m a1I.a-. rlttrtnf 1 Q 1 7. RO)
that the corporation's management can
look forward to record earnings for many
months.
The annual report ' of the General
Asphalt Company for the year ending Jan
uary 31, 1910, showed gross profits of
4 ft.. .A, .....I.... , n,A 419 In tl.A I,,..
vlous-year. The total volume of business
was $10,445,706, compared with J10.797,-
704. Thin hrlnif,. - .i . .1
the elimination of paving mrftjSG
the Pacing Coast. The net SSt&H
year were 91f,4?0, Compared whkJ
"Vn , vTevl0UB .vr, equal It, 417.
cent, on the preferred stock ,lrl
net pent, tn late .. a . r' "Sslsntl
There was very' int e TntTrt' "Jl
trading on the Philadelphia J
change today. Urokers In thl Xil
Voted Ihn rrnnl., ... .iVff" Hl? I
to watching the movements of $5H
the Now york'board. m.i i,.?l
there was was principally In th. ,iS
Issues, which were weak In ivrnwaft
the downward turn taken In W.iili
nt the start nf lrAnrf .... J"."1
Improved there, they, of course am
same here. al'
Price movements of dlstlncly Jl,
sues wero Irreailln,- -,1,1. il. ' ,ocl I
cllnatlon toward lower leveis YwM
local mining stocks Tonopih ?i!
and Tonopah Mining-lost fractlenT,
earlv Hnura. Phlto,iii,i. .,. . ."."S
a small fraction. Lake Superior M?
half, as did Elertrl- nnr... or Bl
COTTON RALLIES AFTER BIG
LOSSES WHEN MARKET OPENS
Belief Thnt German Note Was Unsat
isfactory Caused Decline
NEW YORK, May S. The only sub
ject of discussion on the Cotton Exchange
before the opening this morning was
tho reply from Germany on the subma
rine Issue, and It was the consensus of
opinion that the answer was unsatis
factory. This resulted In a wave of sell
ing at the start, which forced prices of
the nctlvo months down 15 to 21 points.
September waB 12 points lower. The
tone was weak, There was somo buy
ing of a good character at lower levels,
however. Timid longs sold out At the
start, and somo bears, who were caught
In tho recent sharp advances, openly
hammered the market.
After the call the buying Increased,
and although there was continued heavy
offerings, the demand finally absorbed
everything at the lower levels and forced
rallies of six to nine points before the
end of the first 15 minutes. Trading was
moro active than at any tlmo In two
years.
A spurt of trade buying In the early
afternoon carried prices back to within a
point or so of Thursday's finals. Tho
German note appeared to have lost its in
fluence as a bearish factor, and the
persistent demand from spot houscse led
many of the earlier sellers to replaco their
cotton. Spot markets were ofllclally re
ported unchanged to -He higher.
The week's movement Into sight toalled
117,388 bales, against 148.9S6 bates last
season. The movement into sight during
April totalled 570,330 bales, against
1,008,386 bales last year.
Exports of cotton for tho day were
12,055 bales, against 36,991 bales last
year. Today's shipments Included 11,572
bales for Great Britain nnd 483 bales
for tho Contlnont. Total clearances for
the season to date were 4,551,037 bales,
compared with 7,416,207 bales last season.
Receipts of cotton at the ports for the
day were estimated at 20,000 bales, com
pared with 22.092 bales last week, 29,
450 bales last year and 18,362 Dales In
1914.
LOCAL MINING STOCKS
lunurAii STOCKS,
Bid.
... 1
, .12
so
Tea. close. Open. High. Low. Cloae.
March 13.05 12.S7 13,01 12.87 13.00
May 12.48 12.33 12.43 12.32 12.42
July 12.B8 12.40 12.11ft 12.37 12.112
October ... 12.70 12.nO 12.HH 12.47 12.08
December .. 12.84 12.01 12.R4 12.HS 12.t
January ... 12.01 12.76 12.01 12.73 12.00
Spot 12.03 -. 12.00
Liverpool Cotton
LIVERPOOL, May 5. Spot cotton wns
In moderate demand today at an advance
of 3 points on the basts of 8,20d, for mid
upland. The sales were 7000 bales. In
cluding 5000 bales American. The Im
ports were 19,000 bales, 'of which 18,000
bales wero American. Tho market for
futures closed quiet, but steady, at a net
decline of 23J4 points.
DIVIDENDS DECLARED
Washington Hallway and Electric Company
regular quarterly of 1" per cent, on Its com
mon atock. payable Juno 1 to atock of record
May 18. Tranafer books will be closed from
Mas' 13 to Mny 17.
Central Arkansas Railway and Light Cor
poration regular quarterly of 1 per cent, on
preferred stock, payable June 1 to atock of
record May 15.
Union National Bank usual aemlannual of 4
per cent., payable on demand. Checks have
been mailed.
Standard Oil Company, of New Tork, regu
lar Quarterly $2 a ahare. payable June 15
to holders of record May 26.
1 '.87
''''"V
nlimui. ... " " i
Gxtenslon .'.'.','.' dfc
iial.:::::.,:::;::.':,:fil
Jim nutter ,
MacNamar&t.
Mtzpfth Extension,
KiuiHHiilli 1st
jiuniirii, PiBr. .
iuuu.a.i .nei mom, ,
Tonopah Kxtenalon
a ui mi'ttll Plllllllg
Weal End. ..
Atlanta.... ??.?. 8TO"-
Illue Dull ...,.....'.
llooth A ...... ... ''
VU5!-.'.'.'.-.-"'.'.. :;:::-'
Combination Fraction '.'.'''
Dlamondfleid nn. ........ !!!!
Daisy ' '
Florence, .V '
, UU ,y 'ierer ...,..,.,.,,,
.uuiuucia uonaonaated ,
IJumbo Extension ....!!!;.
Oro '
Sandstorm Kendall,,....;!;!"'
siiver pick..., ,...,...,; ;;;!!;;
Flry Altec ,cl
Klmberly , .' ' 'Si
Nevada Hill 'I!! m
-Ty.... 2V.
.CHIIU Jllll....,
Nevada Wonder.
New Nova Scotia Steel Stock
MONTREAL, May 5. Iteports ir
circulation hern Hint f hn ten..-. c-i-
.,, uwiianN
Company la about to Issue U.BOO.Wli
us recently autnorized increased eii
to be distributed to the stockholderJif
rate of one new share for three )
t,1,4 Anntha- ,imn. I ,. U- .-.. J
..W.u, ..K.1U..1,.. -u.ttv. to ,u mo WipCt HJ
the common stock will be restoredto
por cent, dividend basis In July, pg
of the company are having freouenl
nmnine 114" fjtftt m. 4) rllmi it-- r11!
cn;in.i.o, uub acauoo svj uiotUOa UIB
cern s niralrs In any way.
The Growing!
Strength
of Investments1
in sound public Utility Com-I
panies is the primary reaioa'S
whv conservative men aril
placing such a large propor
tion of their funds in Publcjd
Utility securities.
A letter which summarizeii
the strong points of Public
Utility investments will bej
sent to those who write or calll
for our form Letter No. 378.1
raiamP.Bonbright&Co',
MORRIS WISTAR STROUD, Jr.
JtaniiEtr
437 Chestnut St., PliiladelpLi
ew York lloston Ptl
London TarU
William P. Bonbrlsrht & Co. Bonbrlent
r
9 Owing to continued confus
ing pf this, company with organ
izations which do not operate
under the Morris plan,
The Pennsylvania Loan Co. ..
has changed its title to
TheMorris PlanCo.
of Philadelphia
Officers and directorate remain
the same. The company's offices
are located at 1507 Arch Street.
tWgp
CAPITAL,
1,000,000
SURPLUS AND'
UNDIVIDED PROFITS
$3S0,000
TiUE safest and most convenient method of carrying"
funds when traveling is through the Travelers'
Cheques or Letters of Credit sold by this Company
Can be cashed everywhere at any time.
LOGAN TRUST COMPANY
OV PHILADELPHIA
1431 CHESTNUT STREET
Jr . J- . k m I ssy
.,w ,-j,oWCilND comlv;
THU9SI
tL'
WILLIAM BRADWAY
Treawrer
Statistician Wanted
A large banking house -will employ a man
Competent' tO anal VZfi industrial nnrl railroad
- J - fcf . kMA-V itjEjl
properties, prepare market and circular, letters ,
ano iaire cnarge of statistical . department
Address Box C 128, Public Ledgk Ofce.
')t
hVf.iM
ssjisPKSap, e- iwwrw T T lp ""a"11
ltHMt j?l
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