"
u
EVENING $DG13K PHILADELPHIA, TUEkSDAY, MAY 9, 191G.
r '
" i
'a
Sr S2? S- I
t.
3
ft. -
, p
FINANCIAL NEWS
PEACE RUMORS INDUCE HEAVY
SELLING OF MUNITIONS STOCKS
J,.Gains in Railroads Make Up War Issue ' Losses Divi
! de'nd on Wabash "A" Preferred in July and
Resumption on Chesapeake and Ohio
New York Stock Sales
Alaska Oold Mines.
AllU-Chalmfr Mfg
Allls-Chal Mfe pf .,
Am Ag Chemical
Am As Chem pf ..
Am licet Suran ..
Aril Beet Siis-Jr bf. .
l Am tan. .....or,.
i Am Car A Fdy .j
! Am Coal rrodneu
' Am Cotton Oil . .
Am. I'jprjj
Last close, tilth. Lew.
2IK
27!.
.. 78H
. mu
.. 97M
.. 70
.. W,i
.. t6H
,. 01
lor
art
.u,
sou
27
78Jf
COU
1W.
70!f
01V
iO'l
win
SOH
204
78H
C0'
DS1(
XMJi
61
CO
Clone.
20H
20X
78)
fiO
08H
70
Oltf
SO'I
I-V5U 164jri?-f
Al'-S 53 o3!f
High Points in Today's Financial News
tCall issued to common and preferred stockholders of American Inter
national Corporation for payment of SO per cent. Dividend of $15 per
share in liquidation declared by United States Express Company.
Maxwell Motor directors took no action on inauguration of dividends on
second preferred stock, but declared regular I .1-', per cent, on first pre
ferred. Price of bar silver lower in New York and London. Earnings of
Keystone Telephone Company good in April. Income of Tonopah Belmont
smaller during, last year.
Am Hltlc A Lathef.,. o'i
Am um a i pr sijj
; Am Ice SefurlllM. ..,., an
Am r.inftvii pf, j
I Am Locomotive GO'f
I Am. Matt Corpn , hU
i Am 5melt A Itef. . ... rots
Am Fmslt A He or,..li.Uf li.tlf list lta'f
AM MTIMlpr A ....'. Ot 01)1 01 04.
Am &uwt neflnln....ilo! 110. IlOJf 110!f
is;
OH
ol)(
2!)!(
mi
8!
08M
127
OH
RV(
2!).'
4!)
os!f
8Ji
07
127
OH
tH
20U
40
.S'i
07
PARIS BOURSE
UNMOVED BY
KAISER'S NOTE
Latest French Successes at
Verdun Give Stock Prices
New Firmness
Sales in Philadelphia
s..
7'i
CHECK SYSTEM PRAISED
NEW YOllK, May 9.
With stories of peaco efforts In Europe and Increased hostilities on tho Mex
ican bonier, tho stock market today naturally showed nn uncertain tone, with
'tho larger Interests hesitating about taking a pronounced position on either tho
long or tho short side, nnd a now disposition was created to wait for further
developments. ,
Above all, however, tho nowspapcr statements telling of efforts to bring
about peaco had tho most Influence on trading. These reports Induced selling of
taunltlon stocks In large volume and caused substantial losxes In many of those.
Issues, but whero theso stocks were sold railroad stocks wero bought, and the
tlecllncs In tho war-ordor shares wero moro than offsot by tho higher rango
stabllah,cd In tho railroad list.
Tho strength In theso Issues was regarded with favor by banking Interests,
as Important financial circles havo for a long tlmo used every effort to repress
tho violent movements In tho war-order specialties. Just now these war-order
Btocks seem to havo passed out of the speculative field and to bo Ignored by thoso
;who wero bo enthusiastic about trading In them a little less than a year ngo.
Thcro aro many reasons to bo. found for bullish enthusiasm In the railroad
tahares. A dividend of 2 per cent. Is promised on Wabash "A" preferred by
eomo of tho directors In July, nnd thcro Is a confident belief that at a July meet
Ins tho dividend rato on Baltimore and Ohio will bo Increased.
Tho outlook for restoration of Chesapeake and Ohio to tho d.vldend list Is
also good, and tho hordo of believers In Erlo aro posltlvo that a dividend on Erie
preferred will soon bo declared.
Mexican Petroleum was naturally unsettled by tho military activities called
lor on tho border, and Marino Issues wore lower In responso to tho sinking of tho
Cjcmrlo, although after a short decllno the preferred stock had a vigorous ndvance.
No Action on Starting Dividends on Maxwell Second Preferred
NEW YORK, May 9. Tho Maxwell Motor Company declared a regular
juuriuriy uiviaonu 01 i-j4 per cent, on mo urst preferred stock, payablo July 1
to stock of record Juno 9. No action was taken on Inauguration of dividends on
econd preferred stock.
Am Tel A Tel
Am Tobaccd . ...,
Am Toti pf Mir. . .
Am woolen. ,
Am Wrltlne V pf
Am Zinc 1 A m .
Anaconda Cop M..
AtchTop ASK,,
llald Loco Wk . .
Halt A Ohio . . ..
nalt A Ohio nf ..
IMhlehem Steel 4(51
Brooklyn Hap Tr 85J
IIwhii Shoe C8
Hulte A' Miperlor . . 03
Cal I'ctroleum . . . 2.1)f
128' i 128'f 12S
.203 208 203M
lOOU 10(1 100
. 44U 41 41
. 10)( 10W MM
02 02ix noli
85! 8.-.H 8I!
12S
208
100
44
U)H
no3t
84K
103! 103'f 10.3H IQVi
88
mu
7H
U. S. Express Declares S15 Dividend in Liquidation
. NEW YOIUC. May 9. Tho directors of tho United States Express Company
'have declared a dividend In liquidation of $16 per share, payable May 31 to hold
ers of record May 19. This makes 40 per cent. In liquidation so far.
WHEAT IS STRONGER
ON BAD CROP NEWS
Prices Advance When South
west Reports Damage by In
sects and Lack of Rain
CHAIN IJEI.T WEATIim rOHECAST.
CHICAGO. May 0 Tlie iirntlirr fore
cnt for an liotini follow!
v Illinois Fnlr nnd nnrmrr tonlsht: Wed
nesday undented, probably nhonen and
warmer nnrtlieattt.
Jllinourl Unsettled with Khonrrrn to
nixtit or Wednesday! somewhat warmer
tonichtt cooler Wednesday .northwest.
Isronstn Partly rlouuy nnd warmer
tonlshtl Wednesday, Hhowers.
Minnesota Nhowers tonliht and Wednes
, oart warmer tonlfht, west and south!
cooler Wednesday.
Iowa Minwers (onlcht and Wednes
day! warmer tonight! cooler Wednesday,
west nnd central.
Nor .'i Dakota Showers tonltht nnd
Wercsday! cooler Wednesday, west and
central tonlrht.
.-ioulh Ilakota "-howers tonltht and
Wednesday! rooler Weilnesday In west.
Nebraska hhowers tonlsht or Wednes
day, warmer eitrcme east and cooler
northwest tonlrht: rooler Wednesday.
Kansns lalr tonlirht, warmer east!
Weilnesday. unsettled with probably
ahowera north! cooler north and west.
CHICAGO, May 9. Good local buying
strengthened the wheat market today
after It had displayed weakness on free
and rather general selling, following firm
ness at the start. Tho market was helped
by unfavorable crop news from tho South
west, which sent In complalnts.pf damago
from Insects and lack of rain, and by un
expected firmness in the market at Liver
pool, where there was a better general di
xnand. notwithstanding continued liberal
arlvals.
Sold-out bulls reinstated lines. Prices
for the cash article In the Northwest
showed stability and there was evidence
of a good Inquiry for Manitoba for ex
port. Sales ot 800,000 bushels were made
by Americans to the Dutch Government.
Considerable interest was shown In the
news'' from the Mexican border, which
checked outside trade.
The Government crop report, made pub
llo at the close yesterday, waa considered
a standoff. "When compared with pre
vious years, however, the showing was
bullish, the Indicated yield being the
smallest since 1912,
The weather In the Northwest was
favorable and the receipts continued free.
Clearances from tho Beabo'ard were large.
, The International Institute of Agricul
ture at Rome estimates the area of wheat
In Canada to- be 14.9 per cent, smaller
than that of last year. The contract
stock hers Is 2,407,000 bushels, an In
crease of 326,000 bushels for the week,
and compares with 1,534,000 bushels a
year ago.
May, after having been as high ob
!l,15tt and as low as ;i,13H, ended at
31.13), or He. above yesterday's close;
July, after advancing to $1.16 and de
clining to 1.13H, ended at $1.16, or He
higher than yesterday's last price; Sep
tember, after selling up to $1.16 i and re
ceding to $1.14H. closed at $1.15H. or Ho.
above yesterday's last price.
New York Bond Sales
$2000 Amer Ar ov B...
luuou Amer Agr dib Da..
HKrti Amor Cot Oil 5a...
17000 Anglo-Krench Ba . .
noun Amer Illdo ft I, 0b.
40()i) Areontlne Bs
aOOU Amer Nmlt Sinn it
SHOOK Amer Tel clt 4.... lIL'li
10000 Amer Tel cvt 4V4 107N
ID.,00 Atchlaon Ren 4a.... tin
Boo Atchison adj 4s 5
lfiuoi) Atchison cv 4s 10.13. 10.1H
Wioo Atchison cv 4a luUD.ro.IH
fooo unit & Ohio :14b.. iiL'fi
Boo Halt & Ohio 4s in
M0(l Unit & Ohio rv 4U nil
1?!!0.!! !!' . Ohio .is ioiih looi! iob(I
.'.!!" !ie!n.?tec! 1st o...ini Kit'i mil:
,5"iAii-- !!Hb l!Wb )W
f-r.
Low
07H
1)7 (
113
103J4
01 4
101)4
01'
1U7J
3S
S '
N.I
1(13
1
Close
lOUi
7U
0.1
10JH
Ulj,
Km 4
-.
KI7S
o.l Js
N.I
Canadian Paclfle
Caso J I Th M pf . . . R7
Central Leather C.Tf
Chandler Motor .... 02
t'liei A Ohio 02
Chile Coppir 21H
C'hlno Copper JVt
Chicago at West 12'f
ciucaeo t west pf . . 3'
I'M .Mil A st mill.
Chi M A St P pf. ...
COCA St 1. ....
C C O A St 1, pf
Chi A Northwestern.
Chi It I A I'ac ....
Clnett Pea A Co....
Col J-'uel A Iron.
Col A South lt pf .
Continental Can
Consolidated Gas. .
Corn Product Itef . .
Corn Prod Itef pf. . . .
Crudhlo Steel
Cniclulo Steel pf ....
Deere A Co pf
Delaware & Hudson .
Denver A Itlo Or . . .
Den A Itlo Or pf ...
Detroit Lllon. . ..
Detroit United Itys..
Dlitillec Corpn
Dome Alines
Krlc
Uric 1st pf 52
Fed Mln A Sm 151
Gen Chemical pf HO
General Klectrlc 100
Goodrich II F 70)i
87K 84Ji !H
87 Mii BGU
7oH 755 755.
44ft 445 44ft
855 8.V, 8ft,
fiO 6S'( S8
02J, H 01)S
23J, 2:)i 23JI
107H 108H 107i 108!i
88
63!
01i
02!4
21
ft3!
13i
38
Do'f
. 01H
120 120
. 40H 42
. 70!f
127JI
. 185.
. OS
. 42'f
. 40 '
- 85!f
.131
. 10
- 03',
8U,
3'f
128
22H
72
42
.VI
80
134
10
01).
82
111! 114
02W 02l
88
A31
OlH
02
21
S3
12'.
37
01M
120
42
73
127
18f
70
41W
ftO
STM
131
10
01
7b)i
111
02
88
mi
ma
02.'f
21
53
13
37Jf
0ft)
120
42 1
73'
128
21U
72
414
.10
83' i
131
10
0IW
70)4
114
02
1501. 15IH 151H 151H
12
22
.132
.107
. 50JS
. 27H
30
Goodrich II K pf 114!f 115
W'i 1034
04j4 103J4
111
."?
1)1
0.1 '4
"(HIM llrlr Tin n-.
1!!!!2 !"!' "f Tr iis'.
1111).
100. Kill'.
saooi)
11)110
do 111.11
do 10J1
3000 Cent Leather Iit'Ss!
Sin!! .. ni .Vao '" " N0U HI)
71:::; .a,,t 'n cons iia. . . .
m'S oiis
imU nutZ
10-'. 101
ran, r.u
Vermont 4. .
unio j it
1000 c'ont
I'lllKI Ches
ninni uni
-uuo uni
L-iiuo i;
30ftll lo -m
BOOi) ,0 rj, 4iB
3IMMI Chlneso Itwss .ii
I""" :umborland Tel Cs
. Nil '4
. loots
n.i
0l)?i
loots
H.l
no1.
iiuS
llll'
nu;;
loot,
H3
00?i
Kelly Sprlne Tiro .
kennccott Copper. ,
Lack Stce.l Co
Lehlsh Valley
L Lee Hubbcr Tire. . .
f'Loub A Nash. ...
Maxwell Motors ..
Max Motors 1st pf
Max Motors 2d pf
May Dcpt Stores. .
Mexican Petroleum...
cm aT wi'i? 3?.: ?',' "'J
irVi? i?,nt i" . ) ': )t
.. D3 !I3J
.. 7.114 7B"J
. . 00J 00i
1(I0
UHJJ
.MTlioat
Julv
bepteraoer.
d
Open, High. Lov.
, Yet'day
etoie. C1O40,
- i fifiv t-.aw ..-rs. i"i-rj.
ii i'ia !'? l-l7 7
.... I.j6i( l.i hC .14 l.iiiH lias
ber. l.lSU 1.1HU I.l-iC ti i!4: ti inf?
- . . jri.- .-. .T - -r--'w .--'- .-.
ilay ..... 75k 73i
July 7SU 751,
September. 74U 74U
43(1
i i.i
May . ...
July ....
September.
May 13.02
July 13.03
8ptmbr.l3.12
lUbS r
May 12.T5
July .,...I2.B2
Septamber U'.OO
rork
May 24.00
July ...,.23.80
isptember 1'3.35
Bid. tAakad.
47H
13.02
13.03
13.12
1S.TS
18. 82
12.00
24.00
23 80
23 S3
HVl t75'i 734
74 7tK 7lS
73 'im 73?
47 47U itVk
43., t43 '43.
30H 3U's t3'JK
Nominal
12 00 "12.03 J13.02
12.8.1 712.0? '13.02
12.V3 U3.03 13.10
112.7.1
tll'.77
12.8T
24.00
23.81)
23.47
12.63 12.72
12.117 12.72
12.83
12.73
23 00
23 HO
3.30
23.S0
23.85
3.30
Local Men in Big Oil Company
1 WILMINGTON. May 3. A charter
was applied for today by the Huntingdon
Development & Gas Company to drill,
produce oils and other fluids and to pipe
the same to market. The capital ot the
company is $5,500,000. The 'Incorporators
are V. it Hankell. Philadelphia, and
George 11. B. Martin. P. C. Seymour, J.
Vernon Timm, John A- Macpeak, of Cam
den. N. J.
y, e 'v ' ' .
Authorize Sale of Automatic 'Phone
SPRINGFIBI.D.I1L, May 9.f-The State
Public Utilities Commission baa author
ized the eale of th. Automatic Telephone
Compapy, of Decatlir. to the American
Telephone and Telegraph Company for
J327.IQ0.
-
Ko Increase Ih Spelteir Demand
JfEW- YOKK- May 9 Thjere has bn
so MtOrtAM In tho demand or speJUr and
gqr hasd-to-mout buying U riatfd In
quM. Itg" ifc wis now sj,n ri'i to Bjricfls, aro
jwf. Bfm; lM'wtMfaiMy
&. h ttnussa Mtaw
Uat m. Lsmme. M JMMM
7IHH) n.i a ir,t,i ., -,,tA .y.r.i .
3n00 Dla Secur Corn B 7 -it "4i
7SM .PMS I,NO3alU0.. lOoi. 11,3 J!
....... .it .em 11,., km kfi
t:;1: !mer t ret 5... us'?
TWO, Inter iler Star II i
ii.i.t T",'""..!i '71 0(TA
:"? Japan new UHJHn
iiu nc,v iia,
K
71H4
81 ii
oooo
!SK v- S " 83i s not
t?0Q Ijicka Steel Ss 1U5() ?
i888fcB?lff,MGyT,:,B'--ls,P
101)0,1 ffln. ?.i -" J-1.1
i.n.. ".--. wa i,i
.n ' 120 'A.
81)
1)8 i
101
84 i
70 'i
81 "J
Hot,
irj s.
4000
7ono M'in7- sVlVm'o.: '.vi41
7000 lo Kan A T 1st 4a 74, i
10OO Jio Pac 4s Jt . ..:: Jotf
, o I'ao ia J,"
M' io Pao cv ct sta . . ai'i
;KV! J'ont l'ower 3 natl
.1000 Nat Tubs 6s ini
M!S8S$T,V8Jk.ff'ii-Ba
71) u
84
HOT.
us
lot H
li'dS
101
12H
no
74
40
88.
till
101
102
114
1)4
MO'i
Illl'I
v v rut ji'. :,., ..a .:.:: t '.?...
1000 n r city 43 i iSSs.i S Sl
"iiiiii rr v r ji' u .:...; t ".t
TCiT it Mvti it" r .Vi ,Uf UH lo
i""i i i a ii & ii iia ii4
1000 N Y Hiy ?ef 4a . 78
BUOU X' Y ItwJ. i.l, Ji i.r,
S" ?; J ten 4J4 a.. U8 !,s
5.4? 0 Nor I'ao gen 3a . . BiiVi ,i,i
.-ii,,,, ,-vor I'ao red 4a .... D2U -u
Kiwi,, in,Hn t, - rj !r2
: A..A ;,""." .::".' ": '""
2,i,)0( do i
3()i)0 Public
i?ZV '.' "eidlns gen 4a ... u.1?4 03.
41)1)0 N Y I! i. s,V.
uoodo iv Y c & H H.. lilt!
Bl(ll)i M v r i. if...;" ilI-'il"
0;i JJ Y City at, a lT,84 HUjs
18?
,ilSH
74
3sH
OUT.
0
101
lni'U
75
mil
114
,111
1(10
1n-,li
1054
Grecnc-Cananea fil
Great Northern pf....l20
Gt N ch for ore prop 41Ji
Gulf States Steel...... 7-1
Gulf States 3' Ut pf... 01
Int Acrlcultural pf 0M
Int Harv N J 112
Int Con Corpn pf .... 74!j
Int Paper pf 47H
Insp Con Cop 45!
Int Nickel v t cfs 40J
Int M M c of dp 24) f
Int M M pf c of dp... SO).
Jeei Tea 87
Kan City Southern.... 20
12!.' 12 12'
22?i 22)5 22'i
132' 132 132
112)3 112H 1121$
51 ftOW SOU
27!f 27 27)1
3GU 30 3Gi
51'f 52)1
17J, 17H
110 110
105'4 100
70)i Mi
114)i lift
OH COX
62)
17).
110
KJO),
77!f
CO'f
120'f 120
41H 40!.
2'f
ftO
70
78Jf
40),
AH
01
ftO).
Ill
74
47
45X
40)4
25).
88M
8S)i
20'i
73)f
5G'f
COIf
70K
40
4
00f
50)
111
74
I0)i
45
48)5
24
8 l!f
87
20
72)4
65)f
CO
78H
40
120
40X
74)
01
50M
111
74
46H
45
48M
25
87M
8S
20)f
721J
55!f
GO
70)f
40
-.128M 127)f 127)1 127)f
84
. 80)5
50).
53)1
108
Minn St PASS M..110
Minn & St L pf.
Miami Copper
Mo Kan A Texas
Mo Kan A Toi pf...
Missouri Pacific
Mo Pac tr cfs
Nat Cloak A Suit....
Nat Enam A S Co...
Nat Enam AS pf.,..
Nat Lead Co
her Con Cop
19
301
3)5
10
41
4J1
72
23)1
03J1
CG1
17J1
85)1 82)1 82H
80 85)5 80
50)1 57)1 57.'
67J1 55)1 57).
107)1 105)1 105)1
110)1 110)1 110)1
IW. 18)1 1SW
30H
3'1
10)5
By YVES GUYOT
Kx-.MInletef ht Tubllc Works. Editor IAgence
Kconomlque et Flnanclcre.
Bpcclnl Cnbte lo Bvcnlna LtdO't
PAHIH, May 3, Tho Knlner's response
to the American note hns not Influenced .
the Bourse, which, thourth Irrertulnr,
.showed n better tendency during the en- 1
tiro week. Todny the succcssen of our i
troops nealnst yentorday's great Verdun ,
nttnclt gaio prices n now firmness.
Means of replacing:, the enormous 1
nmount of hank paper wns the Important
subject Introduced to Ihc Political I'con-
omy Society by Charles Illcot, director
of Industrial and Commercial Credit, who 1
showed the renson why the usage of I
checks has not developed In Franco ns It
has In Kngland, nnd states that It Is duo
to the lack of n clearing houso for the
exchange bank paper. In normal times
Bold Is clumsy compared to checks.
At. Ijcsclmmps, chief of economic studies
for the Dank of France, explained thnt
the Increase of paper In Franco Is only
163 per cent., while It It much greater
In Germany, Hiinsla. and even England.
to the surprise of thoso who attributed
the rise In exchange to the nmount of our
paper.
As president of the meeting I said I
did not consider that the paper had In
fluenced tho exchange rnte. Thero Is nn
other nnd simpler cause. We buy heavily
In the United States and in Knglnml. and.
hoarding our gold, pay In paper, little of
which la returned, because wo have lit
tle merchandise to export. Hank of Franco
paper Is of 'no Importance to foreigners
They want the means of ptiyment which
suits them, nnd of which our supply Is
small.
What we must fear fa nn Increase of
bank notes after tho war. The Govern
ment's first duty will be to reimburse tho
Hank of Franco for Its advances, allowing
It to re-establish gold circulation. It will
bo tho bank's business to replace ns quick
ly ns posslblo superannuated currency
and paper payments by chcoks nnd clear
ing houso methods.
8 Am riwis .
io Am Loco ... . lSf
inn II).. 1 j.. nf,l t till
SO Hilt Ohio. , 8(1)4
100 Crucible Steel 7i
107,1 t'hlc Jl Island 2J.,
7.1 Rleo Btornre M)'4
300 Kris .... .... 39
20 lien asp pra. . 71
210 Key Tel
370 I.k Run
7M Ihl.n
lfto lhlgh Vol .. to
200 l.eh Vol Tr.. 22
3 no pin , .
3 l.lttl sens kl. M
,1 Mlnehlll .... n7.
30.1 North Cen 88'4
171 Pa null ... . s'J
24 Pa Silt.MfK Inn;
BTa Steel. .. . 0S4
1,h, i-itta ,-oai
4 Phlla f'n .
loo rio enm pfd
ltT i-nun t.iec
10 V It T tr ctfn.
to im:is -i r.to
in., iienning
Net
Hlh. 4w. Clote. chRj.
:,0. a.,.. . v
8W
ip pfd.. 7 .
tl Co , 14
corn. 10H
Nav. 74H
.Vnl .. 70(i
Tr.. 22
Inn
81V4
71)
10
r.n
3(1"4
71
14
IS
-.l
1,1
4011 'I'onnnnh ItMm ,..
hid Tononnh aim . ,)
2.10 I.'nlon Trnc. . l.'tjli
134 t'nlt Ons Imp 87 S
1 Nn Cos N J... 22.11
241.1 It 8 Rfeet .. 81
no w cramp Hon k:i,'4
111
SO Senbonpl ,1 t,
1 I'lio.'n ii
40 York Ilwy
lM as
71) 2M
8S 4-BH
no ... , ,.
80S H
4 i.v
1 1 m 1
J? -fa
Ik t& i
inn loo.. H
l,Rt4 ns'4 ....
,y -)H 4.
m :::,:
i". i'-. if
!( !22.1il
4"! 4ll'i
KEYSTONE TELEPHONE EARNINGS-
CONTINUE TO SHOW INGRES
Gross and Net Expand During April SurplusW
Months Totals $128,004 Tonopah Belmont FalK
Due to smaller income tor rear
'" ,) , i
chango today was Tn,..i. - . Z.
It was fractionally Weaker i -IS
smaller ncome for the veie .J?HWfi
ary x, 18I6. The net Inenm i " I
after all deductions, wr?t.7s,M
Pared with M.llltaM'lJjWig
year. The net Income wk ,! M
per cent, earned on iflfl",
stock, nanlns) o? ..". .'".Mjlitji
percent. In 1914.
ffi
3
noxDs
nigh.
100,1 Am r) ft B fs o.i
:tiiin) Am Itnys ... 0'i'
.n)(i i;i : I'e Tr Is 71)
K.Mii il. n Vs dfh lis I))i4
Son,) KeyiTcl 1st r,s in '4
L'wui) i,e a, gen 4S i,
Earnlnirq of the Keystone Telephone
Company continue favorable. Tho state
ment for April, -Issued today, showed an
Increase In gross of $7660, bringing that
Item Up to $121,326, as compared with tho
same month of the previous year. Operat
ing expenses nnd taxes Increased $3285,
to R8,304, leaving n net pf $61,932, on
Inrrenss of J437S. The surplus for the
month was $34,470; Increnre, $.1417.
Tho gros earnings for tho first four
inniha nf ), nmnnnv'n fiscal vear were
I. $474, 166, Increase $20,347: net, $237,816,
Incrensc $15,889. The surplus for the
! period was $128,004, Increase $311,385.
4-Nelther the compnny's common1 nor pre-
: fcrred stock sold during tho morning ses-
hill u t alrt In thf, nffarnnntl thA f-nmmnn sold
i The most active Mock on the local ex-
rmn
unci
Low. Close
ut
O'l's
70
iini
Ill's
iil'
tor
inoS
".
1000 do mm m, in
IMiiio I, V Drei rets
4Vs ., lfinv,
.101) Nnt Pr rn J.ns 70
1111)0 I'-l Co en 414-Ill14 111.1'i
1(100 1'nANVCnn os.110 11"
liiiiii I'WAIl t c 4s mi !n'4
inn I'hlln nice 4s. K2Vi H24
'.'nun no ns .... ini
linon Iteadlnc r.n 4s O.Tl
2000 HI O & Kl (Is lol '
Klilil Welsbh Co r,s nsl
4000 York lly 1st ns v;,H,
mi
031
11)1'.
tmu
n.i
It 1
O'l'
Tn.
iioij
0S4
02
107
0'l
7".
loss
110
nn 4
KStt
ini
nsS
liii't.
0',H
.".
Net
chg.
IS
4-1
4
-ii
Local Bid and Asked
t
AMERICAN. INTERNATIONAL
ASSESSES STOCKHOLDERS
Ilnldwln . .
do pref
Hurt A Hub
on prcr
Drill .1 O
i:i,.o Slor
tlcn Asp
ilo nrrf
I Kojistono Tel . . .
l do t r
I do pfd
I Lake Hun Corp.
l,rlilKtl .miv ....
l,ehtKh Vnl
Ij.'IiIkIi Vnl Tr..
do pfd
Pcnna
I'hlla nu-o .....
I'hlln Co
do . p c pr . .
do 0 p c pr
I'hlla It T t c ..
HendlnR
Tonopah Pel
Tonopah Mln
Union Traction . .
United Gin Imp ..
t' S Steel
York Ilwy
do pfd
IVm Cramp t c . .
Call Is Issued for 30 Per Cent.
rine Purchases Ono Cause
-Mn-
New York Air Brake. .135
3G)1
4)1
10)1
0
5J1
71)5
23)5
01
GO
17)1
3G)i
3H
101
5!!
5)1
71)1
23)5
01
05)1
17J1
4 mi m
Patl
73
U2?4
0 Tol 3a OUS DliC
1 4 1048 U8 9J
iren ct 4Ma ..JiiljJ Jiu
J Serv N J Bs. 01U oii
,n.en4a . . . u.lS 3S
If 8 Sa OSW null
i:
10 ji
112 'J
01) J
IMlU
11)11
OPI
H3'
o'i
7J
30
7.1
BUI
'J
lun
ni'.
loiv,
oo
7iHs
ioi
lost.
HUH
lll'U
on
1)2 K
3.1 H
0Si
lot
NEW YORK COFFEE MARKET
NKW YORK. Slay 9 The coffee mar
ket waa steady this morning and first
prices were I to 1 points above last
night's finals. Trading, however, was
quiet, and on t.ie call transactions
amounted to only 1000 bags.
Trading was moderately active after
the opening and prices held steady on bUy
Ing by local commission house on the
absence of pressure from Brazil and the
advance of J-32d In Itlo exchange on Lon
don. Ilecelpta continue small, and Europe
Is believed to be buying fair quantities In
Brazil, an(i this Is probably one of the
principal reasons, for tho strength in the
Brazilian markets.
1300(1 UeD Ir & 8 Sa
JNluuo Itock Island rrd 4a. . 74S
123000 Itock Island 3a nOU
TOOO 8tI.SK rfd et sta U 7.1
2000 Seaboard A I. rfd 4a h
5000 South liall 3j .. ..?.Km2
7301)1) Knnfh nn v la uu
3.10,10 do cv S 104
13000 South Pac rfd 4a.. 80
4000 Kouth Hwy em 4a .. 7n
2000 do con 5a 101 i.
14000 Third Ave ref 4... s2
40000 U H Steel at 3.Ml0.1;
BOO do reg- 5a I0.1H
0000 U H 8 It and JI tla.1124
40OO Union I'ac lit h . T
3000 Union I'ac vc 4s ... 1124
100O Un Itwya S r Ba .. SH,
!W J.Car Cnm 1" Ba..0aE
1M0 JVabash 1st 5a . . . ,1(H
200O West Shore reit 4j. . 8iH
flu
7.1
OHU
ion;
H7i
(;
00
711 i
1UI
02
101
Ul.H.
112
Oil
02 fc
31t4
0S
101
8
May
sar-.-.:
Auauat. . .
Septwnbr
nSJSsUt
T JU..-L.
Today's
ppnlnr.
8.43
Yeaterday's
8. 3-1
Uil3 31
S.3K08 40
8.138.4.1
i SJg 8. M
tT.lllSaCl
SSlKlsA
l.l,.. f.K
fi.7TJ5s.7lS
r .., 8JT98.38
Mr 8.7398.70
-utu. 4uiat ai, ivw oass.
BANK CLEARINGS
Bnfc clearinsa today compared with cor
reapundinj ilay List two xars'
1014.
137.849,373-
5 a, lu i.iio
11.2dl5,til
April Fir Losses Smaller
Ftre Iom la the Ue4td Stales and
Citttsula duMinr April 4TsTr4atd 12J!$1,
M. oooir(J with HS.U.J. . w
4u wa j.,wsi in JKrcfl ot tqM
N Y N II & II
x y o 4 ii it
N Y 0 & West ....
Norfolk & Western.
Northern Pacific
Ontario Silver Mln.
Pacific Mall
l'cnnsjlvanla It H. .
Philadelphia Co ....
ritts Coal Co N J.
Pitts Coal N J pf .1
ritts C C & bt L .
Pressed S Car Co..
Pub S Corp N J ..
Pullman Co
Quicksilver
Quicksilver pf ,
Hy Steel Sp Co
Itay Co'n Copper
Readme
Republic Iron & S.
St louli & S F
St Louis Southwest
St h Southwest pf .
Seaboard Air Lint,..
Sears Iioo & Co
Shat Ariz Cop
Sloss-Shof S ii ....
South Porto II Sus.
Southern Pacific
Southern lly
Southern fly pf
Standard Mflllnz
Standard Milling pf
Studebaker Co . .
Studebaker Co pf
Tenn Copper
Texas Co
Texas Pacifle
Union Ban & Paper. . .
Union Ilag & P pf . .
United Cigar Stores.
Union Pacific
Union Pacific pf
U S Ind Alcohol. .
USInd AIco pf ....
United Fruit
United Itys Inr Co
Un Itys Inr Co pf
U S Itubber . . .
U S Rubber Ut pf. .
U S Steel Corpn, . .
U S Steel Corpn pf .
U S Sm R & M
U S Sm It A M pf .
Utah Copper ,,...,
Utah Securities
Wabash.,.. ... .....
Wabash pf A'. ,,,..
Wabash pf II
West E & M . . ..
Western Maryland. .
West Union Tel .
Wheel A L.K 1st pf.
WUlfi Overland
Willys Oy pf r f p
Wisconsin Central...
WooNorln F W., .
WooUortu F W pf .
5
71
23M
01
05'1
173
134)5 133H 133)5
GO 50)1 50 1
105)1 100)1 105i 105)1
. 27 27H 27 27
.123)1 124)1 I23'l 121U
.112 112)1 112)1 112)1
MM 10i 10!.
24)5 21)5 24M
00) i 5011 50)1
41)5 4111 41J1
2815 27)5 27)5
103M 103)5 103H
80 80 SO
46)5 40)5 40H
Vitii I2S 12711 128
1G0)5 100)5 1G0 1G0
3!5 315 311
60W
10)1
25K
5011
411
27)5
101
80
40)1
4)1
. "4211
. 22)1
. 8S)1
. 17)5
- 3
. 1G
. 43
. 10
.180
. 33
. 54
217
07)1
. 2111
GUI
4)1
42'i
23
90
47
3
17
40
in
182
33
54'i
225
OS)!
22
02
4K
42)1
88)1
4G)j
3
17
40
10
170
32)1
54)1
3K
4)1
42)1
22)1
88) 5
46)5
3
17
40
10
ISO
32)1
541
NKW YORK, May 9. The American
International Corporation has mado a call
this, morning for a payment of 30 per
cent, from common nnd preferred stock
holders of record Slay 10.
Tho payments aro to bo mado In three
Instalments of 10 per cent, each, on Juno
0, July 10 nnd August 10.
Stockholders aro given the privilege of
making nil three payments on or before
June 9, In which caso they will receive nn
Interest adjustment nt tho rato of 4 per
cent., which Is equal to approximately 10
cents a share.
Tho call of 30 per cent, was not nn un
expected development, especially ns It has
been generally known for a week that the
company has purchased substantial blocks
of stock of both tho International Mercan
tile Marino and "United Fruit Companies.
Obviously to finance these purchases the
company required additional amounts.
The call now mado will furnlBh 31CO0O,
000, making tho total amount outstand
ing 25,000,000, 20 per cent, previously
having been called and paid.
This company has a total capitalization
of $50,000,000, of which $49,000,000 Is
In common stock and $1,000,000 of man
agers' shares.
Today yesterday
Hid. Asked. Hid Asked.
S.V 81 UN SHV4
IIISS 1011 ... .-
,111 .12 .12 r3
r.11 1111 ii no
no no nsji. rift
.1.1 . 31 334 3IH
71 71 U "II.. 71
144 14 j, 13'4 14
14s 14', 13'4 14
(IN (I!) I17H IINV4
ll'f, HI 10 10'i
74'i 74. 74i 7.1
38 MJJ 32 2Slf
Is). n.U rlif1 no'i
27). 27 U 27 H 27 f.
4(1", 41 Vj 401 11(4
,17'4 40 311 4(1
424 43 ll"4 4:54
17. IS IN IS.
8S. bN". NN. hi)
A$. 4J, .11-0 3V4
ii; o'l n 7
41(J 43S 4314 43
N7(i 874 N7'I R7J.
H.I ft 3i N.ljl, 83j.
1314 l.'lf. 13. 13
311 311(4 311 3(1(4
N3 811 Ml SO
Financial Briefs
LOCAL MINING STOCKS
TONOPAH STOCKS.
Jim Dutler
MarNnmara
Midway
Mlzpah Extension
Montana
Northern Star
Tonopah Ilelmont
'lonopah lCxtnalon
Tonopah Mlnlnc
Itescue Kula
West End
GOI.DFIKLD STOCKS.
Atlanta
Plus Uull
Ilooth'
llulldoa
O O D ,
Combination Fraction ,,,...
DtamondAeld U II
Daisy
Florence ,
Cloldfleld Consolidated
Ooldtleld Mercer ,
Jumbo Extension ,
Kewanas ,
Oro ,
Hand Ken
Silver l'lck
102)5 102
87)1 8)5
131)5 133
100 100
21811 225
03 08),'
21)1 22
OIK 61
102 102
8SK 8S)5
1.13)5 131
100 100
44)1 44)1
103 103
10(5 lOJi
4)1 4)1
31)1 31)1
OIK I'D!
48K 40
104 104
10!5 11)1
5)1 5)5
32)1 31)1
. 01)5 01)1
13IK 13G14 135)i 135)1
. 8251 82)1 82)1 82)1
150(1 150 148 143
100 101)1 101)1 101)1
.102)1 101U 161)5 161)1
OK 051 7)1 8J1
2215 22 18)1 22
54 55J1 54K 65)1
100K 100 10SK 10S.
83)5 84 83K 83)1
-UUVi noil 110
7015 78lf 76K
51)1
80)1
. 17
- 15
47)1
281
. 00K
. 3ai
. 01
13
230
.101 101)1 104)1 104)1
. 35 33 35 35
12S'l 131)1 128J1 130K
121 124)1 124K 124)1
-- 1
52
SOU
17 ,
15)1
40
28K
60)
31K
01
12l(
23'J
52
80
, 17
15
4741
28)1
50K
30K
01
10K
23U
116
70)5
52
SO
17
151
48)1
28K
CO
-MM
01
12!i
!30
lull). lull
Beaton . .137.333,701 123. s Jo. go j
New Torlt io9.074.7il 403.700.03,1
Cblcaco 6O.tlaa.4ed 3U.2U3 312.
ot. touif lijuy.iii
ijjgv.m ionn
Big Jump in Exports
1SY YORK. May 9. The exports of
i;i4-"ircliali'1!-t fro,n the portvf New Yoii
for the weak ended May 6 wero valued
at fil.05:,569. agauut J30.0fl.801 tho
previous week, and $24. 532, 345 In the
corresponding week a year ago; since
January. $8i9,71$ltl. compared with
$476,035,927 In the .corresponding period
Oast year. , ,
' si , t --
New- York Sugar Unchanged
NPW YORK. May 9 The sugar mar
ket was firm but unchanged today Fine
granulated was quoted at 7.75 cent and
!7.J cents, while .('pot Cuba raws wera
"$.52 cents. -,
trW-,
Protests Deluge American Consul
LONDON. May . Since the beginning
pt BeUuxea of parct post matter to and.
from tbo -Uclted Stat and, Burov tho
ABierkaH Oo4utulat " taaarat hr tis
HHwa do4i iiti ret froiu UtdiyK-
Falrv Aiteo
himberiy
Nevada Hilt
Nevada Wonder
MISCELLANEOUS.
Bid Atked
1 1 1-1)1
.13 .14
.2N .20
.33 . ..14
.33 .311
.20 .22
4(4 4 1.1-1,1
7 7 1-10
OK O's
.43 .411
.04 .06
3.
.12 .13
.03 .1)4
.IN .20
.01 .0:1
.03 ,))H
.07 .00
.04 .0.1
.04 .nr.
.33 .S7
.01 .113
.11 .13
.7 .NO
.13 .14
.01 .Oil
.04 .0.1
.10 .11
.01 .01
.03 .0.1
23 .25
2.4U 2.60
LIVE STOCK QUOTATIONS
May . 0. IIOOS nerelpta,
tiut
12.-
&c. hldher: mixed and butchers.
. kuui, ueMW. iii.nii.Di, m:.
III. loan. 30: light. IO.7O0U.7n.
roush
Piss.
CHICAGO
ouu: marxet
u.4auu.oa
heavv. tn.-
I8.lll00.23: hulk. IU.73fn.0O.
, CATTI.B Ilecelpts. 4300; market steady;
beees, 17.11.1 teu. DO, rows and heifers, t.l.iinn
0.23; atorkera and feeders. JH.7.1W8.BU,
Texans. 17.4000.10; calvra, t7.fiO0U.3O.
S1IBBP Itecelpts, 7000: market steady:
native and Western, I0&U.50; lamba, S3.23Q
11.73,
RAILROAD EARNINGS
UULUTH AND IBON nANQK.
101.1.
Operatlns reenue . . . f S.UGa.OSl
Net operallns reicnuo 2.742.N3U
Net income 2,2A8,D1B
Profit and loss surplus 2, Oil), 413
NEW YORK, CHICAGO AND ST,
Oper. reienue
Oper, expenses
Net oper. rev . . .
Net after taxes.
Other Income . . .
Total Income , , .
Sur, after charges.
.112,33(1.381)
I'.aj., ISO
3.214,234
2,744,788
2-'U.f44
2,074 732
OON 070
Increase.
1,432,U23
l,384'i)(17
1,426.30a
1.310,711
LOUIS.
11.241,400
11,473. (XXI
1,231,037
1,218,712
117.7.12
l.Sllll.Sllt
1.01)2,832
NEW YORK BUTTER AND EGGS
NKW YORK, May 0 BUTTER Momentary
ahortase and prlcea fractionally blither. Re
ceipts. 15.8U2 packages. Kxtra Arata, SI'S
Side; blabeat scoring, 81(4 032c i Stata
dairy, 30(4 WBlc.; Imitation creamery, SSif
BaOS Hlh iradea hardening- under strong
Western advices from best Northtra sections.
Receipts, 20,313 parkasea. Firsts, 23U tp
23Hc; whites. 24V42Sc.i brawns. 21023c7;
t!i,?,ei!S'.'?"- 22Vi O-ic, storag packed flrsta.
GOVERNMENT BONDS
Did.
2a rcglstared 1030
Sa coupon 1U3U
Sa regiatsred 1918 ,
Sc coupon lots
2a registered 1023
4s coupon 1023 .....
i'anama 2a realstsred Iliad
P"1-" " W1'T-V 1S33
iTinmu J reslstered 1901
. UUA u (.uuvu
'.. 1)1) c
...ion;
. . 102
. 102
Asked.
100(1
102K
rEGAL ADVKHIJSKilE.NTS
j-s NOTICE
IfS1 application
18 IIEREUY GIVEN TIlW
Will ba ma.t. A lU. -..
th. 8Utf I'ennayUanli. on ijii
UH itt. II. UClr. H.M.t K ...!
nd saniuel J. y.rfuu,n. n ',1. ..I
of Assembly . ot tb I'ommonwealth of Penn-
lylv.nu. eDiuuu ah act to provide for tba
Incorporstlon and rsvulatloa 9 certain oor-
uons. approiiea Asru 2t,tb 1874, and
rnor of
Sib. 10U.
it.
rtnnu ' inn,M Am
jhs aupplsmenta thereto, lor tha charter
(ha supplsmenta thereto, or tha charter ot an
Inleaded corporation to t called ililiad.ihL.
T4 Companr. to character and objects-ot
KhTcb Is to maouiictura, purchasa ani ifjC
vend nddial tn. at stores, waretwuiea'ani
bakrka..t batondueUd by tha aU coraora
tton, (904 products, rrocerle, bread: bUcuiU,
cake, axtracta. conlectloaa. tMj,ta j.,,n.4
(ooda, vttaWs. aaucu, spices, tas, niffau
and aU arlbjle uaually oandla l a rT
&av a4 ! nl jow !
ts.
M-
In April tho production ot copper by
tho Grecne-Cananca Copper Company
amounted to 5,.14S,000 pounds, ngalnst
5,388,000 pounds In March, a decrease of
40.000 pounds. As compared with Feb
ruary, however, the output last month
shows nn Increase of 168,000 pounds. Sil
ver to (ho nmount of 205,748 ounces and
1193 ounces of gold also were produced
by tho company In April. These two
metnls show cood Increases over the pre
vious two months.
Gross earnings of the Federal Light nnd
Traction Company .for tho year endlnfr
December 31 wero $2,352,015, n decrease
of $61,945 frm tho preceding year's earn
ings. Net earnings decreased $82,299 to
$806,299.
Tho New York Subtreasury gained
$1,607,000 from banks on Monday, mak
ing a gain since Friday of $3,312,000.
At the annual meeting of the stockhold
ers of tho Delaware and Hudson Company
Ex-Judge Morgan J. O'Brien presided. The
rotlrlng directors were re-elected.
The March production of silver of the
Granby Consolidated Mining, Smelting
nnd Power Company amounted to 33,622
ounces, which Is 9223 ounces less than
wns turned out In February, but shows
an Increase of 24 4 6 over the figures for
January.
There was a bid today of $3750 for a
membership In the New York Coffee Ex
change. Ray Consolidated Copper net earnings
for the quarter ending March 31 were
$2,205,548, as against $1,778,668 for the
quarter ended December 31, 1915.
The annual meeting ot the Tonopah Bel
mont Development Company will be held
on May 29, at 417 Market street, Camden.
Gold to the amount of $50,000 was
withdrawn from tho New York Subtreas
ury this morning for shipment to Singapore.
DIVIDENDS DECLARED
Canadian Tactile Railroad, regular quarterly
of 2H per cent, on common stock, payable
July 1.
Central Mississippi Valley Electric Proper
ties regular quarterly of 11.30 a share on
preferred stock, payable Juna 1 to'stock ot
record May 18.
I'abat Brewing Company, regular quarterly
of 14 per cent, on preferred atock, payable
Juna 13 to stock of record Jim u.
Kxcelslor Trust and SaMng Fund Company,
regular aemlannual of 2(4 per cent, Checks
vlll be mailed.
Pittsburgh llessemer and Lake Kris Rail
road Company, regular aemlannual 3 per cent,
or. preferred stock, payable June 1 to holders
of record May IS. '
Philadelphia Company for Guaranteeing
Mortgages, regular semiannual of 3 per rent...
parnuin junv lu aiui'n ut recoru Alar ni,
Pittsburgh, llessemer and Lake trie Rail,
road, regular semiannual of 3 per cent, on
preferred atock.
Pittsburgh Drawing Company, regular quar
terly of 14 per cent, on preferred stock and
an extra of (i of 1 per rent, on account of (In
ferred dividends on preferred, payable May 31.
Hooka close May 20. reopen May 31.
Porcupine-Crown Mints. Ltd., regular quar
terly of 3 per cent., payable July 3 to holders
of record Juna 13.
Alar Rubber Company, Inf., regular quar
terly of 11.23 per share. Tht Initial payment
of 1 23 a snare waa adopted 'on March 13.
Matlonal -Cloak and Suit Company, regular
quarterly of 'l per cent, on preferred atock,
pat able June 1 to atock of record May 20.
American Sugar Refining Company; regulai
?uarterly of 1 per cent, on common and pre
ened stocks, payable July a to atock of rec
ord June 1.
-1
IBefT Jr
General Electric Co.
. Five Per Cent.
Gold Debenture Bonds
Xiste4 on the New York and
Boston Stock Exchanges.
The General Electric Com
pany does the largest busi
ness of its kind n the United
States. It supplies Public
Utility Comtianles with elec-
trlcaJ annllanri and maeh(nj i
ery ana uov-a an unusually "
Earnings applicable to the
Interest charges on the deben
ture bonds amount to 'over
twentyronr times the require
.roenta. Dividend which have aver
aged, over 8 per annum
h.Ve been paid on the capital
stock since 102.
Price at market
Send, for Circular No. 3(10
Willfo P, BQHbrigfo S Co., lie,
MUKM19 VVIBTArl STHQUp, Jjy
Manager
437 Cbtt! ., rMitklpUt'
WW T
COTTON PRICES ADVANCE;
OFFERINGS WELL TAKEN
Selling by Timid Longs, Duo to Cym
ric Disnster, Not Detrimental
NEW YOHK, May 9. Quotations on tho
cotton exchange nt the opening this morn
ing prcVcntcd from making nnythlng llko
n full response to steadiness nt Liverpool
by the selling ot timid longs on the Tear
that the torpedoing of the steamship Cym
ric might lead to new complications be
tween Germany niul tho United States,
Initial prices were unchnnged to 3
points higher nnd the tono wns steady.
Offerings seemed to be well taken all
through the early trading, spot houses
lending, with Wnll street commission
houses nnd Southern InterertH buying un n
moderate pcnle Before
10 minutes of trndlng
to 2 points had been scored
i-rice movements throughout .l
were Irregular and the .?i?2" L.'I
Inke Superior madt a fV.ViJP'
while Philadelphia n V
certificates lost a quarter ftiTi'W
nee Battery trained . u, ..?'"
thl1n,1n,l,l. c-i .." "Ml
- ......1,.1,..l ceciric Wag
Northern Central rose m
dav nrnmn tt-,. ...,,'?
- ..... .. uoh vciiii pa,.. .-,. , :-. i
Pennsylvania and New York mSM
moved un 2 nn nt. ... ,,. orK CiftaTaJ
.: : ija
UUUD DEMAND F0fc
. INDEPENDENT nlH
ATof vr,nrll4M a.
....v,,,,, x-eiro onmi
Curb's Loader Perlman S3
nencnaLNew High Rtcdrjjjl
NKW YOItlf, Mj. 9.-tL.-SI
shifting of Slleoillnllva I-..1? SSTl
new groups on the Broad Btfetf ri'i
ay. with most activity shown 1.$
uenenaent oil atc-h. ,.. , 'ii
scope of operations In MetropoliUaS
addVng Jareiy .0" d
affected n tht. vli,n,.. .,. . M"
e tho end of the first ' stock from many sources, puttlnr ilJS.
i further gains of 1 P to nnovo 23 In tho early trsfltiial
scored ' number of other oil sioi,. "fHI
mi.. , , ., .,. L, ,,.. 1 . ;: ..---' "tn
mc .iit-Aiciiii uuiiiM,ciiiiuns ui not unng mvlho itnu uirong, louowlng the 1.U
nnl' InrrAnffAtl vnliimn nt eAllln Inln th.. MtrnMnlltnn . ? 1
.... ..., v...'.. ,V,.,,,,W . .,(, ,,,.U .,, -- --. ,. .....,,,
market, and some traders considered that
tho calling out of tho Texas mllltu was
likely to reduce the supply of farm ,bor.
Business, however, was less nctiv than
It wns yesterdny, nnd many hnvc been
restricted to somo extent by nervousness
over tho nffnlr, whllo fluctuations later In
tho morning were moro or less Irregular.
Near tho end of tho day a wave of
buying sent prices Into new high ground
for tho senson. Wnll street Interests, vvl
had sold out earlier, seemed to be r
placing their cotton, nnd It wns bcllc
that several largo local short llnoi u
covered. .Spot houses continued he.
buyers.
The receipts of cotton nt tho ports I
the day were estimated nt 18,000 bale
compared with 23,846 bales last we
20,721 bales last year and 14,020 bale's I.
1914.
Yesterday's
cms,-. Open. IlUh. I,ow. CIosi
March 13.2.1 13.21 13..1.1 13.21 13..1
May I2.H4 12.(1(1 12.02 12.11,1 12.1-
July 12.73 12.7,1 13.01 12.7.1 l.t
October . I.. 12.81) 12.8S 12.1)1) 12.H7 i'-'.P
December ...13. 04 13.11.1 13.31) 13.0.1 13.3
January ....13.11 13.01) 13 13 13.01) 13.1
August 12.8.1 12.83 12.1)1) 12.87 12.'
Spot 12.00 . .... 13
Liverpool Cotton
LIVERPOOL. May 9. There was
good demand for spot cotton today, nn
prices were unchanged on the basis ,.
8.29d. for mldupland. The sales aggn
gated 10,000 bales. Including 8000 balci
American. The lmpoli.1 were 8000 bnlci
nil American. The market for future
closed firm at fc net-ndvance of 33(.
points.
WHY CANADA AIDS RAILROADS.
Minister of Finance Says War Cause
Decrease in Earnings
OTTAWA. May 9. Minister of Flnanct
White has issued a statement giving th,
reasons for the proposed loan by tin
Canadian Government of $15,000,000 and
$8,000,000 respectively to the Canadlat
Northern and tho Grand Trunk Pncllle
Railroads, to enable the latter to meet
Interest charges due on bonds the coining
year.
The war, It was said, had caused a great
decrease In earnings of all Canadian rail
ways and lowered tne rates at which
they could market their securities.
The Canadian Northern and the Grand
Trunk Pacific Hallroads, according to the
Finance Mtplster, hns sold several hun
dred million dollars' worth of securities
In the United States, England and Conti
nental Europe, and financial disaster be
falling them would damage the whole
credit of Canada. It did not appenr, he
added, that either road would be able to
earn operating expenses and interest
charges for soveral years.
The government, he declared, would ap
point three directors to represent it on
the board of each railroad.
Tho motor stocks had thi - .f?
Ing. which confidently bought CM
from 208 to 210, and Perlman ntaffi
tne most prominent of these l.suii i
inlMilnv- wliAn It nA ti -, .
" "t .1 points !!
new high record of 144. ,taSI
The old-tlme lenders Ilka n,,t.j5M
Sugar and Mldvnle Steel u-.r. 1.n.i?
ly tilet. nlthough both these IsueijW
(i -icnuy tune, jBl
Thero was nn nctlvn ,l,',i i.WS
iiiorcrnplt nt nround 10 It,. hi a JJ
I'ttt stock aro restricted for n.tN-TJ
i of n disposition to wnlt for tf.
' announcement of the terms bffi.
k- in uyiiii fiock tor tne shsrei6f
i.-iiiiuuuu .jiiirnny m
urtlss, Aeroplane, which has bjS
it long period, sold nt 50 nnd M
Thcro was little activity in OiitsaC
nms nnd Wlgmorj ns sold at ttveiM
Mnntlc Gulf nnd West Indies optfcjjj
-I uiiu urnppcu to t4i(. The few
nlerstnndlng Is thnt the erei.-v.r
i floating supply of this stoeghufe
i'jkiu uy me American international
INDUSTRIALS,
.... , . Bl
inn i.xiHditrn
Is-ntohr Tobacco .
la p-ef
Max Rubber
-1.) tint .llfg
m Marconi
tiantlo Oulf . .
i n-f
Canadian Car ' Company
ij pref
i,erolet Motors ..
uba Cnn Sugar .
irilsa Aeroplane
- ften'-,ry
Emerson Phonograph v ,
u .wih' r .
ilf- ...
Inter Merchant Marine
uc .prer
utmioii
5tt
... '!
:::: U"i
pfd
FOREIGN EXCHANGE
NKW YORK, May 9. Quietude pre
vailed In the foreign exchapge marketjn
the forenoon dealings nnd the only ap
preciable change was a further rise of
ten points In Stockholm to 30.75O30.85;
sterling shaded to 4.7511-16 for demand,
but cables were steady at 4.76 7-10.
French exchange was not altered worth
mentioning at 5,93 7-8 for cables and
5.94V4 for checks. Other quotations were:
IVIchmarks, 76$il8'76ii ; lire cables. 6. 38;
checks. 6.39; Swiss cables. 5.19 Vi ; checks.
5.20; Vienna. 13.30613.35"; pesetas, 19,82
tt 19.85; guilders, 40 15-16&41; rubles,
30.7QO30.80,
In mid-afternoon sterling exchange
shaded further, to new lows on this im
mediate movement. Dealings were very
limited. Quotations were; Demand ster
ling, 4,75 ; cables, 4,76; relchsmarks,
checks, 76; Paris checks, 5,937s,
... iu.
...209-1
... inn
:::iir
... i-
::: p?
... s.
... av ,
... :t
... n
:. ' .
... Sli
"liti
III
STOCKS.',
'1
linn Hriinc
laxim .Munitions
'nnlinttnn Trans
let Xetroleum . .
Itdtlflo Mteel . . .
lis Klovntor . . . .
Vorksa .Motors .
,'oom Kng
I tiKrrKe
Standard Motors
Hubmarlno
.rlannle
United Profit
I. t 11
do pref
v ilte 3'otora . .
Wlrld Film
..." . STANDARD OIL
Illinois
Onto
I'ralrl" Pipe
3 O Calif ..
do N J . .
iU,V Y . .
OTiircn on. stocks
naden Oil ... 21
t.fl liners OH 4 ,
uer Pot ., .. to.!
.luuston un .-f .. 1")
.UldMMt Hef . l
rmpjlii.. , ,
.arnett Oil .. .S., . .
3IININO STOCKS.
Atlanta ....... ,
Itutto Copper ...
do N Y
Cerro de Pasco . ..
Klrst National 4.
Goldileld .Merger . .
llecla Mining ... ,
rlowe Sound ... .,
Jim Ilutlrr ...
Jumbo ttxtrnslun -
'Kenerlck Zlao ... ,.
McKtnley-Dirrngh ,,
Magma (.epper ..
Mines nf Ama . . ...
Nlplsslnv ...
San Toy ...
Ml Joe Lead ...
West End Cons ., ,. ,,,
IIU.M'S.
Cerro 0s .....
ilnesapeakn it Ohio 3a
Mldvale Sa
.,'
1
i
i
?t!
is'
JL'
It -
. im
so-
lll
HVi
. l
RATES FOR MONEY
New York ,
Philadelphia
Boston .,,,...,,.,,
Chicago . ,.,
commercial paper.
Call.
2V4
W3H
phla, 33H per cent.
Time.
!: 0.1U
3 M3W 3 P4
1-3 4 OtH
.. SMiOl 4 4W
3 to 6 months. Phlladel-
Desirable Investments
We specialize in the conserva
tive bonds of well established
corporations supplying electric
ity, gas. transportation and
other public services in grow
ing communities. Many of these
bonds are
Free of Taxes In Pennsylvania
A list of those now on hand will
be furnished on request,
Edward B.Smith &Co
ETssUsUEO 1893
- -RAMICEn5
VmUrt tio York anj Pnlladeloati
Stock Bxchaogt "aa"'hia
1411 CUUT.NCT STggBT, PuiUOttJ-uu
0 Onm Ntw y
ELKINS, MORRIS & '
BANKERS
Land Title Building
Philadelphia
Perm Centra! Light & Fo
Co. 1st and Consol.
Feb., 1963
Penna. Water & Power Cl
lat Sinking Fund S, Jan., J
Pacific Gas & Electric '
Gen. & Ref. Si, Jan., II
Particulari on RequtfJ
laraett Oil & fias Co,
WriU for tptciQl circular y9. I.
E. H. CJRKE
lw Yorl( City
IflValatttlain4 !.
uiuun (?(,
BUILDING OWNEM
r- - mniur an thai
bulldlar by baxlat jot .tXvH J
builder' Mod. uiio t -perUnea
I can. render
BKAli SEBVICB
HARRIS J. LATTA
'ertnaIvant'a Bldg
WANTED
Bond Salesm
- WITHACUENTI
A. B, Latacli &
11 3. 4k Street
tAa4, JHi t Jalsfi.
ear
( IMW tO. loots UP (DdCaOAg; prcl.
tus;
&v,:ijiua.
4t lotJW U.i'l,7-,7Trn,.
, i.
- -.-artvhma.