.13- rt ". - T 1 . Sf 11 If; t r -&W WmtiMiiiiiijm m-yiiiiiini 4W li BVfitfttTO D&EB-HlLABECPiHlX 3?fitTBSDY, MAT IT, Ifrftt. ll,..'i-' yilfflii a,. nwrtifiMMMM FINANCIAL NEWS iv if TENOR OF GERMAN NOTE ON SUSSEX IS LItfED BY WALL STREET TRADERS Mexican Situation Also Inspires More Confidence. Financial Interests in Accord With Administration " in Coaling With Border Question I New York Stock Sates Advance numpli . .. in Advance Hamely pf, .. 30'( AlMfei i o!d M 8H AlMka Gold Mints.... 20 Allls-Chalmers Mf. ... 20H AllB-ChJl Mtg pf..... 781 Am Ag Chemical CAH Am fleet SuAr. 7ou Am BeetSueat pf...;, 04JX tt close, High, tow. Clow. 1H 39H 0 SOU 27 i 81 60' 73U OH 18 39J SOU 20 78? COW T2'f MH 18 20U 27M 80Jf COU 72Jf 08 Am Brake 3 & F.'.".'. . 100W 100J4 lOOH 100)4 High Points in Today's Financial News Shipment of $506,006 in British gold arrived at New York from OUdwa, Thought to be for purpose of strengthening sterling exchange. City of Vienna issue of BOflbOflOO marks i 1-2 per cenU Treasury, notes, due May IS, will be Redeemed. Estimate of gold and silver production of United- Stales in calendar year 1015 showed gain in former and loss in latter. Bar silver up again n New York and London. Many favorable railroad earnings reported for first week oft May. New wool cap prices in Canada at high level, with offerings quickly taken. Initial dividend of 2 per sent, declared hip TiogatTrust. Company. Discount rate on eonf modity pdfvr of the Minneapolis Federal Reserve Bank raised from 3 to 3 12 percent. NEW YORK, May 11. The speculative element had little- to do with determining tho markot tone or price movements on -the Stock Exchange today. Although this clement is per sistently committed to the sliort side, the price range of tho Industrials Is now Wo low to encourago "vigorous bear attacks, and Instead nt putting out fresh tellort lines' tho desire among tho bear party Is to cover some of their outstanding contracts. Tho rallrwd list Is also at a comparatively low level and tho bears are fearful about selling such stocks as Reading, Union Pacific, Erie or St. Paul nt their present prices. Sometimes a few of the traders make demonstrations against these stocks In tho hope that it will be attributed to foreign sources, but these efforts mark tho limits of tho bear activities at present. This situation left tho markot dependent on special developments for changed general conditions as incentives for price movements. THo tone of tho German noto In relation to the Sussex disaster was re garded with such satisfaction as to be followed by a general cancelation of sell ing orders, Tho Mexican situation also Inspired moro confidence In tho outlook, financial interests generally being In full accord with tho determination dis played by the Administration In (dealing with the border question. Market Interest centred to a great extent in tho trading In tho Marino Issue-), Jn which concentrated bwyng forced tho preferred stocks up moro than 5 points, Whllo the bonds' were also' actfvo and strong. Rock Island issues showed nctlvlty at frequent Intervals, with tho debenture Bs making further substantial gains, but the stock was In constant supply, although tho Street Is full of points about a coming upward movement In It. Tho features of the proposed plan of reorganization, however, do not war rant any bullish predictions on tho stock, as tho readjustment Is all In favor of tho Junior bonds. Thef stockholders will be called on to pay a substantial assess ment whether voluntary or not. although full value may bo returned In tho shapo of an Interest-paying security. Prepared to Redeem 60,000,000 Marks Vienna Notes ' NEW YORK, May 11. On .May 16 an Issue of 60,000,000 marks iy. per cent. Treasury notes of the "City of Vienna, of 1913, will become due. Zlmmermann and Forshay announce that they aro prepared to redeem them for cash nt tho rate of exchange of tho day, or exchange samo for now 6 per cent. Treasury' uuies ot me y 01 Vienna, aiso in ucrman currency, uuo In 6 years. $506,000 in British Gold Arrives at New York NEW YORK. May 11. Gold in British sovereigns to the amount of $506,000 was received this morning at tho Assay Offlce from Ottawa for tho account of J. P. Morgan & Co.. In international circles it Is thought that the shipment was for tho account of the Bank of England, wliich is using thls means to support tho sterling exchange pending recovery of New York stock prices and tho fur ther salo of American securities., Whllo the supply of gold In tho bank's branch at Ottawa was at one tlmo exhausted, It has slnco been moro or less replenished by Imports from South Africa, Am Can. Am Can pf Am Car A My Am Car A Kdy pf. .. Am Coal Products . , Am Cotlon Oil.,, ., Am Eiprcjj , Am Hide & Leathtf. Am Ice Securities'. r,M rMi fi.vi m 109 109H iOOW lf'H "60 CO t,M C9H 117 117 110U llfl'i 155 l&IVi 162H 1624 63K 52H f2H Mi 127 127 127 127 OW OH OX M 28Ji 20 20 20 COVERING CAUSES BALLY IN WHEAT High Winds in Spring Beltand Damage to Winter Crop Re- sultfln Buying ORALS nKf.t WfiAtHKtl FORECAST. rillPAnOr Mny 1 1. The walhrt fore ent for XO intir fnllonst ... . Illinois -rnrttv elomly lonlshl nnd Frl-iffij-i rrnbablr.KlHHvern extreme Math por tion, rumtiinrii rrnii. Sales tti Philadelphia . Tfl: in ike ctccuriues. ...,, yoli iU ai ii Am Linseed ,,. 22t 22H 22!$ 22 Am Llnseml pf ,,.40 40U 495 40" Am Locomotlfe. ...... 60 OOJf GStt 00J1 Am Locomollro pf,,101 lOUf lOl'.i 101U Am Malt Cotpa....... Sit 8W 8i SH Am Smelt & Hof 07 f)8Hi Ortjf 003f Am Smalt & Het pf.,.113if ll4!f 113 113 Am Smelt pf A. ...... OIM UM 04W OUf Am Steel Foundries,.,. 63 63 52Ji 63 Am Suear tteflnlne.,.,113 114!.' 112K 112'; Am Tel A Tel ...128X 128M 12S) 128H Am Tobacco,.,.,., ...200H 20SH 207 208 Am Tob pf new., .....100 10OM 10CM MOM Am Wrltlne P pf 10H 101a 10H lUJi Am Zinc L A Sm )i 09' nnn 02 Anaconda Cop M... v.. S4U 84? 84 8U AtchTop A S K,..,,.10y 103Jf 103J4 103H Alch Top AS F pf. ..101 101 101 101 Bald Loco Wks 86 87)i 85 80j halt A Ohio S0J 87H 87W R OaltAOhlopf 76!j 76U 76U 75U "ethtehem Steel 410W 445 445 445 Drown Shoe 00H 0OH COW G0J4 Broun Shoo nf MMi 102 fK1!J 102 riutto A Superior 01H 02i OWi dlU Cal Pclroleum 23JJ 23 K 2.3 Canadian Pacific 10SW 170? Kill Canada Southern 68!f 583i 6S!i Case J I Th M pf .... 80! 00 Central Leather., 63H KlK Chcs A Ohio 01 H 02K Chlno Copper 63K 53U Chicago at West 1,'IW 13 Chicago Ot West pf... 37H 37 Chi Mil A St Paul.... tlIJi 05 CCO A St L 43W 48K C C C A St Lpf 71!f 76 Chi A Northwestern. . .128 128 . 21! 2D . 72'f 734 . 41!i 42!1 . 27) 28 41 it probrtli .inpnrl lnttleil lonljht nml Frlitnri iniv fmonem.iiftuiii nnu wrm rentrni i tnnllniid roolinrnhflhlr llitht front port rnir innisnt lli IO0 i-mr ohonern unulli nml wft renfrn lertnln--Fttlr . (nnlnht. nortlotHt rnntlnned root. air innmnt nnn .jrianr ItrnhAltlr llvnt frftftt nnrfh. Sllnnennfrt 'f.nprrtllv fair fnnlh nntl Frlilnr, continued cooli nrobnblr front to- rtnltil nnil nrAfiahlv 1?t lin rnniinnru rooi . , JVnrtliw Dakota Oenrrnllr fnlr tonlht nnrt Frlili frnl or freelnr temperatures tontitliti llitiitlr wnrmer. rrloar. . South Dakaln I'robatilr fnlr tonlxht. wiiii irnii rrinnr inir nnu raniinnrii cool, ellrnka-l,robnbl. fair nnd contlnnen rooi rt. 140 niiff A .30 Eleo, sun inn i up Krie ...... . 200 Otn nrhiflt. . iOM flnit t n fiO flln, . KO rHeo .. . 71 100 rno co ,v.am iiv i0 Int M A M., 26J4 JOO dopr t o. 80H J00 Key Tele Co.. 14J4 Id l,ak Sun Corp 0t( 812 Mhlirti Nv.. 74tt S.I IhlKh Vol.., 78H BQ I. V Tr pref. 48 100 Mo Po j ,fl. 748 renn.........RBl 7 Ta Ratt Mfr,.looJ4 100 I'a Steel pfd. 0?H 8 Thlla Vo pfd,. M Bpl Phllft Eleo ., 2i 8lH r n T t o... I8M lo ny. Cons . . , 2JH 228 neadlnr ,. ,,, 81). 7s ronopan t) ta.l Cloe chPK 1 B04 ih nlily tonlcht nnd' Irldari front tonlxht Shower lontitMi Friday prob- Konan rain rontlnuen cool hii 'jonopan jiiin.i n-i ,so union Trac, 43W 18B U O t .,,,.. 87 40 On Oo I J,,22.1H nn. it s steel , oaU m !i War Ir A SI?.1 17 Tork Itv ,,,, 40 do pfd . i . . 41 as ..(i 1 1! R7J4 22J 4- J, 83H 4- INVESTORS HAVE TAKEN LARGfeT PART OF SECURITIES PROM ABROA General Belief Jh That Liquidation From Eurom, ti and guaquehanna Common Off Hz p0ints IK) 621 i ma r,3H VMi 37 0l!i 44!f 75 128 WM 72Ji 42 28 44 112 111 70 30 23K IGO'i rm m r,2i 02 6.7U in! 37 06 48J 128 20'f 73'f 42 28 41 112 10'f 70J 230 131H 132W 132)4 132W ami 52J5 60J 6IW 27'' 12 :mi 62! i 44JJ H 12 3G5i 62W INTEREST ON CURB IN MARINE STOCK Initial Dealings Indicate Suc cess of Reorganization Plans. Independent Oils Move Up, NEW YORK. May 11. Many fMercst-lng- features were presented In the trading on the Broad street curb today. Most Interest was attached to the appearance of quotations for tho new Issues provided for In the proposed reorganization of the In ternational Mercantile Marine Company. ' The new six per cent, convertible bonds were traded In at 00. These Initial deal ings may be regarded' as Indicating the successful carrying out of the proposed reorganization which has been practically agreed to by all tho security holders' com mittees. It was a matter of unique In terest that the dealings In these securities on the Curb and' In Marine preferred on the StocktExchange wero on orders com ing from representative Dutch and Ger man houses. Including Boyssevaln & Co. and Hallgarten & Co. The officials of the common stockhold ers' committee definitely stated that they had no knowledge of tho preferred stock holders' plan, although that statement could hardly be accepted by anyone con versant with recent developments. Independent oil stocks continued ex tremely prominent In today's trading on the Curb, with progressive buying making- many of these Issues move up sharp ly. Today's- feature was United Western OIL which advanced to 116, against 93 late yesterday. Metropolitan Petroleum was again strong and active, moving up from 22 VI to 23, and advances were made In Sinclair Oil, Midwest Heflnlng and Ok lahoma. Producing. Lynn Phonograph was traded in around 1014. presenting goad arbitrage oppor tunities. In connection with the exchange for the new consolidation stock. Tho Xynn holders are to get 310 the new 7 preferred stock, which should rule close to the.present cost of Lynn stock, leaving the H In new common practically a bonus. Atlantic Gulf and West Indies resumed Its upward movement, advancing from 42 i to 4E. Chevrolet sold at the new high of 213, New York Bond Sales J2000 Adams Express 4a. 2000 Amer Art cv Ba... 428000 Anelo-Kr Bb SO0O AttrnHnn ft BOOO Amer Tel clt 4s! 6000 do conv 21000 do rvt 4U IO0O Armour Co 4Hi ... 2(1000 Atchison cen 4 ... , 3000 do CV 4s t53..., BOOO do cv Ss 1017 1000 Allan C I, clt 4s 8000 Halt & O 3V4s 2000 do 4s 12000 do cv 4'4a 02000 do Bs BOOO DtO V LK&WV 4s. High. Low. . 811i 8311 .101 V4 10 . D.Vi 11.1 IJJ 0 02 II Close. 83 ; M 101 4 .V,s Il.l'. 4s ' lot's 1117 , 113'- II. 103 101 8SJ, 92T osli 100 '4 87 101's 107 02i 1)2 4s 101N 10I9t sr.js 112 112 112 mm 1U7 03 Vi Chi It I & I'AC... Cluett Pea &. Co... Col Fuel & Iron.... Col X. Southern Comp T Hcc Co. . Continental Can pf ...110 112 Corn Product Hef ... 10U 1!)U Crucible Stool 70(f 80JJ Cuban-Am Sugar 239m 230 JJetro.lt-Kdlson... Distill Sec Corpn Domo Mine 27H Dul SS i. All pf 12'i Krlo 30 Erie 1st pf 5B4 Erin 2d pf 45 General Mofors pf 117 Goodrich B T 7fiJ Oranby ConKl, 80 Grecnc-Cananea 60H Great Northern pf....ll!)Ji 110U 110H 110U Gt N cfs for ore prop. 403J 40J. 4QH 405 uuir StatM Sloel 74JI Gulf SS 2d pf 74M Homostako Mlninc . .J30 Iowa Central C5 Int Agricultural 10 Int Acrlrultural pf.... .5(1! j Int Con Corpn pf ,74 Int Paper pf M0H InspCon Cop 44JJ Int Nickel v t cfs 40 IntM M cofdp 21M Int M M pf c of dp. . . 87H Jewel Tea. .1 SOU Jenel Tea pf 108 Kan City Southern.... 20 KayserJ & Co 84K Kelly Sprlns Tire 72H Kcnnccott Copper..... riSJf Lehigh Valley 78m IxteHubbcr Tire 48H Uesett & Myers pf ...110 Loose-W Bis 2(1 Pf . 51 Lorlllard P Co . ..105 Mackay Cos 78 Manhat Kiev gtd v.129 Maxwell.Motorj.,:,,',. 81H 27J 12 30 62H 4IJf 11014 UGH 110M 77M 75U 70J 80 80 80 61 60H t,W 4 74 74 74H 74H 7115 120). 129H 120H CIIICAGO, May ll. -Covering, prompt ed by complaints of high winds In the spring belt nnd furttier complaints of dnmnge to the winter crop, rallied tho whent market today after it had shown weakness. There was considerable un loading for a time because of ofllclnt pre dictions of showern In Kansas tonight, coupled with cloudy conditions over most of thq Southwest. Reports of penco also wcro Vised ngalnst prices, with consider able effect. Sales ot about KOO.000 bushels were re ported for export, mostly Manitoba. Itc celpts at Interior points were larger than they were r year ngo. A leading liouso In the Northwest, reported that good grow ing weather prevailed throughout Minne sota nnd the Dnkotns during the last week nnd Hint seeding had been completed. Mny ended He. nbovo the lowest, nt $1.16. hut c. below tho top, ngalnst jl.16',4 nt the cud yesterdny. July fin ished c. up front tho bottorrt. but He below tho best, nt 1'.1,P. ngalnst $1.17-5, at the rlose yesterdny. and September lc nbovo tho bottom, nt $1,1G, and Uc, be low the best, compared with $1.17 !4, yes terday's Inst quotation. '.enillinr futures rnnited ss follows: ..... xesi y h Mny I.tnjt l.frt'i July .... i.nv, 1.17U September. 1. 17 1.17 torn inpw ,ieiieryi Mnv TV. ,4V Jlliy . . HJn 7 1 Hentember. 73H 73 onts Stay 48. IR ,iuiy .... ;i, -liij Ixiw. 1)3 10B 102(4 102 102 11300 Am O D Bs 03 4non nei.trf) int Bs.lo.1 2000 City; 4s!42 C.10:)t 2200 City" 4s '45 c.102',4 BOO d '44 r ..102 .BOO do '41 n ,,102 102 I (100 En III (Ins Bn.in-.U- 10.1 BOO Mc Sup Inc.Bs 20(4 noon i, kv n 4, 02 won do coni ria-,10.1 oooo do l r 4'4 8.100(4 iim, nm i' uo 4-s IW Met' Close. che. n) ...,. li M 102 U ln-j t 10.1J4 l(l?Jt 2t 2ls - 14000 ra Co n 4J4s,t01'4 2000 do con 4M.los? lOOOo nad uen 4 . n.tfi tnoo Vn ny In Bs. 70(i 3000 W N T k Pa. 1st Bs 10l: 02 lO'V 100H no lnt'4 101. n3, o'i n m(4 tin lot '4 ins, nsjs 7flk 1$ '4 lOiU 101(4 (4 Local Bid and Asked Itovft Clone, ctosp. LIB tl.llVHtl.lAM 1.10 't.ltlfi .1.17J. 1.15 ti.infe ti.iTVS. 4;i, I3V4 .12 September, t.snl Mnv .... .luiy 12.77 September. 12.S3 Hlbs Mny .. .. 12.10 July 12.00 September. 12.72 l'ork Mny 2.1 DO July 23 r.2 Seplember.23.00 Bid. tAsked. 12.72 12.77 12.87 73H 12.02 112 12.tr, 12 12.B3 tl2 74)4 II f43i 74i 74 73U VA !4 40(1 07 12.RO 07 12.00 80 12.02 ,72 2.32 1 2.)7 1 .... 1! :..'.2 l: :.ui i: :.nr, i.tin !,70 23 mi 23.32 2.1.0.1 JNomlnnl. 23.R7 t23.H7 23.R.1 23.3.1 23.B0 23. (12 23.00 "23JI5 23.20 2Ji 15 60!f 75 47!f 45)f SOU 20M 02H 02 110 20li 82 73 50Jf 7S 40 Sii 15 5IIM 75 47H' 45M 40K 25H 91 02 110 25!, 82 72!, 0), 78J, 40J !B()0 llpth Rtnl v-fl R. In, luooo Urook II T Bs 1018-loofJ 2000 .Brook city 414 ...101(4 2000 Cat Qas & Eleo Bo.. i)8 811(100 Can Gov B w I 1020 084i 28000 do 1031 1181 18000 do 1021 ....'Oil"? 14000 Cent Lcath 1st Bs. .10lt, ntOO Cent Pac 1st 4s.... 89 1000 Cent Kit N J Ss 117 3000 Cent On cons Bs ...101 0000 Chill Copper 7s ...130(4 IIOOO Ches & O cv 414 s . 8.1 iuuu unes & u 4 lis .... 1000 do Ss 2000 Chi at West 4s .. 33000 Chi II & Q joint 4s OOOO do een 4s 4000 Chi & Ind Coal Bs BOOO ciusrii 1025 2.1000 do cv Ss 2300U do CV 4a 2000 do imi 4Ui 1000 C & IV .Mich 5s DU'.i 105 70J4 b(4 02?. 01 107 100 i 10114 83 INDUSTRIALS. Bid. Aetna Explosive ,,, 18ft 18! Elienlohr Tobacco ,........,. 47 BO do pref 95 89 A 11 Bubber ...,,,.. ..,,...... 08(4 68 Am DrttUb MfK ,.....,,..,.... 15 25 Am Marconi ,,., .,, 3'i 31 Atlantto Oulf ,. 42(4 43! do pref ...,..,,,, , S2V4 64 Canadian Car Co .....,,,..... S8 72 do pref ,.., 78 84 Chevrolet -iloton ,,,... .,210(4 213 Cuba Calm Sugar 61 81( Curtuu Aeroplane ,....,,..,'.,, 48 S3 Srlns-Seaburir .....,, 187 .. 140 Kmerson Fhonozrapn ....,....,, 1SU is Hke ,8rtr , ,' 6(, 37( Inter Mer Marine. ,.....,..,.,.. 23(4 27 do prof ...,.,.. 80 93 Katbodloa Br on 10 pref .,,,..,, 20 23 Maxim Munitions ..,,,,...,.,,., 84i e Manhattan Trans ,,.....,,.,,., Hi if Mldvalo Sttel 69 (i 89 ( Otis Elevator , .,..,,.. 50 OS Peerless Motor 23(4 25 I'trlman Jllm , ...135 188 1'oola Kn ,,,.100 110 g 8 Kresy. .,.,, 12 J2( KUndard Motors .............. 8(4 a aabmartno lioat ,.....,,, 89., 87 'lTlinila Film ,,,,.,.,, 3 '4 4 tJnUVd Profit Sharlnr ."J:?;" 15-i I U 8 LUtht A Heat ..!.;.".. S 35 U B I3ifnt Heat pfd ."I"! 4 ?( World rum ,.,..., 1 j( STANDA11D OIL STOCKS. Illinois ........1T2 17S Ohio 238 241 piite rip .....,.,,.,,' 2tl 213 a u os uuiomu ,.,... ..2,v zal Mew Jersey ...,,... ...5t8 622 New York ....,. 20S 20 OTMElt OIL, STOCKS. rpOdeH Oil .,,....,...,,..., J2(S Chalmera Oil i Inter PH. 10(4 iloiuton Oil , 18 Whywt BaftnlnsT o.... 7 Wnelafr OU . ,47 fapafea Eftelit , U( SttNBWl STOCKS. AtUnta Mutia Cesocr A utl & New Vwl mrre a tsoa B Q q(Kw Jersey Hit' 33 8 .Zips r. . Ttrst National 5 iioKr.il! nerter Jleda UtnlosT jiov oua , JUa Batter Jumbo , UnUua'iua . . . Knflck Zlne . . . , . . MeKtaJtyJWrraii Stljfea Co, ojtmerlsi '. , ?.e2p. w"ww v. ... . 1BR t.- .-- urn ,.!.- Hftma, fmmgfrgmmM i,-.,..Jl 1 Bi( W -j54.-fer.-aK IRISl 11 v'i ... 1 ... 1 13 5 3 ll & iouijo Chi Gov llu Bs ... 7: !", Co1 South 448 ... 83 10000 Cons Ons cv Os 123(5 3000 Cum Tol Bs Oll'k Ri!i! 5'! a llud mm -mo ,?St. p1 -1Iud rfd 4a . 07 '000 do conv 4a 107 ,,2229 Pen & It O rfd Bs . 8il(i 113000 Det Unit 4(4 R0( 31000 Bis Sec Corp Ss I!. 70 2225 Erls en 4s 8 D w I 85 300 Ft W Den 1st Bs.100.vJ 2000 Gen Elec deb Bs . .10.1U 1000 III steel deb 4(4 s '! oott lllllll Ins-ipn .a a i ' - 36000 i.rc,Stc"rlfdro4.?r: JOOO do 4s 1953 ...; BOOO do 4s 1U52 .." 3000 Interb Met 4(4 s I ,?222 Jnterb It T ret Bs 762222 !nter iter Mar ct. 1222 JaI1 new O 8'4!4' 04'4 04 100J4 107 iuu(J 100K 101(4 10l(i 83 8,1 72 72 83 83 123 123(4 VDT4 9074 100 100 07 07 lOOJi 107 e(i sou 78 - 78 (1000 Lacka Steel Ss 00ft B7 . KVV) 85K . 80(4 "S . 98-H .103 4 79 1U50 03 OUUU I.k Hh H.l. J. ln-9, nt... V22?. teh Yai ot n y 4:: 92 1000 Mo Kan A T 1st 4s 74i 2J 15 60J 75 40 45 4SM 2U 87 J 00 109 2534 82 72' i 55K 7S 4SH 120!f 120!f 120!f C2H 02H 02H 108W 10S3S 1081S S2H 82 S23$ 12054 12034 12034 821 Slii 82H SO 8534 80 5714 57!f 57f 01 57 GO 104 101 101 10834 10,-! 107 3B(4 363i 30H 11034 110M 4 4 0 034 534 034 23 2334 05?f 17H 132 4 63' 0)4 2334 00 173f 60 1734 13414 llax Motors 1st p$$Jfe5$ Max Motors 2dkpf..WS0)4 May Dent Store?. . .X . .' 57J4 May Dept Stores 'pr... '105 Mexican Petroleum, t . . 105 Miami Conner .'... 3RI4 Minn St P & 8 S Sf.. 11014 11034 Mo Kan & Texas 4 Missouri TacHic Glf Mo Pac tr cfs 0 Nat Enam & S Co. . . 23 Nat Lead Co 6534 Nov Con Cop 1734 New York Air Brake.. 133(4 13-Hf -N-Y Oil! n 10514 10534 10434 105 WYNH&H 5835 59 69 CO NYChl&StL 303.J 3SH 3734 3834 N Y O & St L 2d Pf- .53 58 50 68 Norfolk, & Western.. ..123H 12134 12334 121 Northern Pacific 11134 I12K 11234 11234 Ontario Silver Mln..., 9f 1034 10 10 Pennsylvania It ll 50 6034 50 50 Peoples Gas CM 10134 10134 10134 10134 Pitts C O & St L 80 80 80 80 PCC&StLpf 02 02 02 02 Pressed S Car Co 4034 47 4634 4634 Pressed S Car Co pf... 101 103 100 100 Pub S. Corp N J 12834 12934 128J4 12934 Ry Steel Sp Co 41 4331 41H 4234 Hay Con Copper 2234 224 2234 22J4 Reading 8814 S8W 8834 8834 iiepuuuc iron & s.... -ma 8t L&S F 2d pf 335 Seaboard Air Lino 1034 Seaboard Air L pf 37 Sears Itoo & Co. 47 334 10 3734 ..1803. 185 3235 50 403, 334 10 3734 184 3214 553 22034 220 22034 118 I17J4 118 08 0734 0734 2fi 2135 0134 6134 10214 100 00 8914 4634 334 1535 37 1R1 3234 5514 30 0154 431 4.1 4.1 43 101 07 103(4 84T4 ., 84 ,,114 02 1800 do 4 Via oooo do 5a .... . : . . . . : 22000 Mo Pao -la . ., .... 15000 do cv Ss .! 43.100 aS ct 4s :: ;:: 500 do ct 4s sta . .... 1000 Mont Power Ss , ... 14000 N Y Air Dr cvt eil 1000 N Y C L H ISKi KaX 7 C AHcon 4. 7BO0O do Oa . sooo do 4s ,;;i;i; uiuu flo 4V4 a ....... 04 HR2JJ Jf X S'- 4.Wi low: ion BOOO N Y Oaa if & I Ba 104 47500 N Y Tel ien 4(4s! I 08 VIZ ?J Y C D W;'. 73 3500 Nor Pao Drlor -IH !. 2000 pre Short U 1st BillUKi 1IMUI I'fi.lHn TAl K- ",7 5S222 gubllo Serv N i'lY,', U2 .32000 Rep Ir S Ba .... 98V4 g"OJ Ito?k' Island tU'uI m e?5SSS Ml!f k 1In s .... B8i; 182 do 2d sta Bs ..... 528 8000 Ilwr Steel Spa- BslM) 1000 Ht L I M ' ; S i 4s ." sots ?Mmisp rfd c?.tlH 09( ,1222 -l ' l" -a fl J?222 geboard A t, adj Sa 0U J222 Seaboard A U Sta. 4s 81 1000 South Hell Bs ,...100Vi ,?0 South Pao c? i.' .88 4l8250d.?KCY,.s'.Ji-5:---121W wXXX riw" . iu 'u t- 6JV)0 South Hwy gen U tow uu con '.' IU 2000 So, By Moblls'i'6'ii 7s2 mo Third Ave rsf 4s,.,. 82 - 2000 do ad! Ss 1001) Tol St 7, W 4t ' JOOO 11 R Rubber Ba..., 20000 V B Steal S P Bs! . M 8s 4000 U S S N A auuu UO10D Pan 1m, Am KOiW, A 9J. , ' IIOOO Un Rwy S Y 4s, 2000 V I C C lit Bs 1000 "Va far Chin Hi ... 4000 Va Rwya Ba . 1000 Wabash 2d Sa 1000-TVab Kau Ss . . JOOO West Union Sa . 80 . 54 .102V4 .10.1 (J .lllfi . 98(4 . () :H8 mi . 98 08H l.lStf 100H 100H 100(4 Tioga Trust Pays First DividentJ The. Tioga Trust Company has de clared an initial dividend of 3 per cent, and ruts set aside) $19,000 for surplus ac count. The dividend la payable June 1. Books close May 15 and reopen June 1. At a jneetlns of the board of directors Wilbur H. Zimmerman, president of tha Tioga Business Men's Association, was elected to the board. few 4 Hearing on Clayton Act Postponed WABHIKOTON, May u. The hearing biifort tls$ Interstate Gonjnieros Coramls- ftn Ja, tha matter t the adJninlsthitlOfi W I4e;tU:I 10 of tha, flavton a.lit!.trusl net. W8 asa j?r May 4J4 as bjW i itiii jh j:jj , lft(-t iia. JK! 1 1 Shat Ariz Cop 3235 8los-Shof 8 & 1 55 South Porto p Sue.. ..225 Bouth PR Sue pf 118 Southern Pacific 0734 Southern Ry 2134 Southern Hy pf 0134 Standard Milling.. ..,.102 Standard Mlllinz pf... 8834 Studebaker Co 13134 13234 131 Tenn Copper 444 45!f 4534 Teias Co, 19034 10235 191 Texas Co full pd 187 187 Third Aienue 6035 6035 6035 Twin city it t 00:4 0734 Under Typewr 0735 102 Union Bag & Paper... 435 534 United Cigar Stores... 0135 02 UnltedClgar Mfrs,... CO 5954 United Cigar Mlrs pr., 10834 111 Union Pacific Union Pacific pf, 21K 0134 10234 00 132 4534 10135 187 6035 0734 0734 1C035 4H 534 02 02 5034 5934 ill 074 111 13434 135V4 I34I4 13534 8234 8234 82K 82! US Ind Alcohol 14034 1483 14534 147; United Fruit. ,.,.... ,.15954 162 15034 1C0J4 United Rys Inv Co.... 1035 11 1035 1035 Un Rys Inv Co pr..,. 22 24 23 2315 U S Rubber..,., 6454 5534 5434 5434 U S Rubber lst'pf.... 108 10834 108 108 82J4 8334 8334 8334 11835 11035 11635 U654 7634 77)4 76 76 6234 5135 61 54 8035 7034 70J4 U B Steel Corpn U S Steel Corpn pf, USSm R &'M.... U S Sm R 4 M pf, Ulab Copper. SO USEspress 48 Va-Caro Chem. .,.,.,. 42 Wabash 1434 Wabash pf A 4834 Wabash pf Ii... ....... 28 WestE 4 M ,.,695f West Union Tel..,.,.. 0135 Willys Overland...,,. ,240 247 242 WlUy Ov pf s r I P-. . 10135 J043S" 10435 10135 Wisconsin t-cuuai..... jon ill w 31 Woolworth F W. ,13234 1375 133 137H 47 47 42 42 14J4 14)4 48)4 4754 2834 27H 60)5 60)4 82 01)f 47 42 1434 48 27J4 60 01)4 JAI NEW YORK BUTTER AND EGGS NEW YORK. May 11. PUTTER Fin grades selliiur ve)l and sold steady,' Qther aualltlea easier. Receipt, .8147 .packages, ixtra, 30c. ! hlshest acorfna-, S0H &3lc: State IIW.. ,U.,,Ul,l bfCAIUry. mtitfiiBC. a raaes ravo the seller under dairy, tu um crauc. : imiia nft !lb aradea Wutirn advices and blah coat of atock arrlv, ":-...B'?.tt-.J5'SSLJLtA1si). m"m..-. m..... ..u-.u.. umu. iu av r -" '. a. ir y.r. ;- - " -"..-it. r e.i nw.. vuv., vruwu. .rnlieJ color, 22(4 WZ4c t otorav8;ijack. ;)w firsts, pmEOTony oy accountants CVrtllted 1'ublle Aaeomtanta WWKtNCB K. lillOWJi A CO. 11B USAt, iTATal TUU UUlI-OlNOk DlVIDgMPa 403 "! 0O3 LaesinBi oireei, 1 -nuaaeipoia. Pi Tb Board Qt nirectors Sat thta dsy i- EaM r , !4 Pt , fPtW 7bamr, 4 PEAE TALK CAUSES COTTON BUYING, AND PRICES RISE German nnd Liverpool Brokers Buy ' on Small Scalo NEW YORK, May 11. Resumption of pence tnlk brought in a large nmount of new buying on the cotton exchange this morning, which moro than offset fnlrly extensive overnight selling orders. Oper ators who purchased on AVcdncsdny's brenk ntso took profits, but the start was steady, with prices 7 to 12 points higher. Liverpool nnd German brokers purchased on a small scale nnd a demand camo from uptown interests, while tho orders exe cuted by cqrrtmlslon houses seemed to indicate nn Increased public Interest In the market. After tho call the selling continued milte large, but the buying power had not ox ertcd Itself and was sufficient to hold prices In the; late options within 2 points of the start, while July showed a gain of 2 points. '" Numerous complaints of droughtjln tho on,i,l.nnot nn ,l.i nffllnl fnl-nMn, frtA tUl,lL(,.b I.I.V. UIU ........l. AW.bkUOV ., frost In the Texas Pan Handle seemed to stimulate demand on the advance during the middle of the morning and prices sold about 15 to IS points net higher, with July torching 13.14c., or "within 5 points of yesterdny's high record. Realizing was moro active late In the morning and reactionary sentiment was more In evidence, although there seemed to be no chango In the general character of the news. July sold off from 13.14c. to 12.9Cc, or back to about last .night's closing "figures, early in the noon hour. but trading- then became less active and prices steadied a few points from the lowest on covering. Bull support failed to materialize on an important scnlo nnd the market In the early af tcVnoon ruled about - steady, at net unchanged prices. Kxports for the day were ""28, 141 bales, compared with 17,260 bales a year ago. Clearances for the season aggregate 4,068,192 bales, com pared with 7,D06,61D bales for tho cor responding period last season. Yes.- close. Open. 13 u-i 12.8H 13.01 13.25 13 44 13.411 13.15 Liverpool Cotton LIVERPOOL, May 11. Spot cotton to day was In good demand at unchanged prlcA on the basis of 8.43d. for mid up land. The sales aggregated 10,000 bales, Including 8000 bales American. The Im ports were 13,000 bales. Including 12,000 bales American. The market for futures closed steady and net unchanged to 3 points higher. Baldwin ,,..., 833i nuit w nua 1 IJ, , . , , ill do pref nu nnu, .1 a ;,.;: ., Klee Storage ,. Ml Heneral Asphalt .... 32 do pref 70' Keystone Telephone.. 141 do t o 1 i . do pref o Lake Superior Corp. II1 Lehigh Navlsntlon .,71 IhlRh Valley 78 Lehigh Val Tr .... at1 do pfd ..,.42! I'enna .,... no l'hlla Klec .... .... 271 Thlla Co ...,...:.. 4( do IS per cent. pfd. 38' do per cent. pfd. )2" r 11 t t c ....;... 17 Itcadlne 88; Tonopnh nelmont ... I? Tor.opah .Mining .... n Union Traction 433 United das lmprov.. H7', V H Steel .......... 8.1J York Ilnlhvny 13 oo prei a.iv Vim Cramp t c 83 Tod a v. Bid, Aeked. Yesterday, nid Asked Hn'J r 834 r.2 nt r.'J no nn 00 inns ... 110 nsI nn'i 33 33 34 71 70'4 71 ir, I4i ir. is ili in . . 08., (Ill in n!4 10 74'4 71 74 78(4 78 78 2 2 21', 22 43 424 43 3J4 mi unit 273 27W 27ft 41 40i 4l' 39 38 384 111 42 1 43 18. 18 18i 883; 874 8S i. 4.. jit,. (ij! n ; 43(4 43S 43t4 8754 87'5 f 83 83 8334 is. ia4 14 311 ,13 3334 8I'4 83 844 Liquidation of foreign-held American securities In the markets In this country has been pretty well cleaned up, .for the time being nt least, according to the belief In financial circles. It Is generally thought that the selling which does occur oy nom ers on the other side will be much smaller, Ihe bulk of It having taken place. What slocks and bonds that have been sold here l,n,. manamtlv fnlinit their WftV lhtO til hands of Investors and only ft small part Is now In the market. This is rjorno oui hv ), fart that there lias been a scarcity of big International shares In the Street for soma time, this fact having been spoken Of many times In the recent weeks in XViili fltrpel. A large part of the buying of securltlesJ was no news to account for ...1.1.1. !.... hoar, rMnrneil frnm Kllrone. l ,f... l.i .. . "V-Uu'u W the particularly fionds, has b4en by banks nnd trust companies, hiuch of the surplus money In the vaults of those Institutions having been invested wnere a goon rciurn could be realized. This buying has been broilglit' about largely by the fact that mohey rates at the moment are low, as they have been for somo time. One fact lp the good absorption of se curities offered by European holders whleli must not be lost sight of Is that the offerings of the better grade of Invest ment securities lp this oni.i. Very light. A ..l? try his financing Ms been done bTffif "f, "1 thus far this year, but vlrtuathf mi'LW! rallrpnd' maturities In this v. i.Ml 6t m provided for. " year nJj ,u,",0"8,.Wrlnf?' QUtel In lh.,,.1 ments, r"S?t f.m yesterday, were Irregular tuI lraI6,nI tlvjtj- was In the aVbUrage Lm?UM eve-n fliose Issues were nof-.8.?' Wl is usually the case. "CHT" . TSero was a further break In n . 1 hnd Silscuehanna common .Zlxlu .BVN1 1. in the first mile he ..-'., J"1"' P?W Ki loss of 3H pointi rinstw KUnwl was no news lo account for h. L. J"l in tnat issue. It t.elno- i, i "" "nes. ft substantial loss. Despite th. 5. .IIwtJ the company continues t0 reJr? th'' earnings as comnamrt win. ,L?.rt Booji year, each month showing gooi In. " I the common stock of hZ KeyMon phono Company sold off a frorif;-ne,Jel pah Belmont was'unnii.i-j ...;.'.. iono-s pah Mining gained a small frarTu. """'I Philadelphia EleolHc! United "BaS,! provement lost !i n h. ..--"' "n.. potnt, NEW YORK COFFEE MARKET NEW TOIII-T, May 11, Tho coffee mnr' ket w'as easier at the start this morning and first prlcci were 1 to 4 points below last nlghfs finals on scattered selling by, bo'mmlsslon houses. Sales on call were 6000 bags. - The coffee market was quiet through out the forenoon, hut whllo trnders wcro moderate sellers early, there was suffi cient buying to absorb the offerings and later price changes wcro confined within a, narrow range. Brazil continued firm nnd this had a tendency to discourage short selling here, but tho dulncss In tho spot position jj, was ngalnst a concerted buying movement. , lOoRy s lesifruay n inc Financial Briefs FOREIGN EXCHANGE NEW YOIUC. May 11. Tho market for foreign exchange In the first hour of busi ness today continued only moderntely ac tive. Thcro was llttlo feature aside from a slight enslng In demand sterling. Scan-! dlnavlan exchange maintained Its advance of Wednesday, but without making fur ther quotable headway. Rates wcro as follows: Demand ster. ling, 4.7B&; cables. 4.76 7-16; franc cables, 5.93 checks, 5.94i; relchs mnrks, 77 (077 ; lire cables, 6.45; checks, C.46; guilders. 41U and checks, 4i-; awiss cables. 5.30 j checks, 6.20 ; Vlennn, 13.40 & 13.45 ; Stockholm, 31 J1.25; pesetas, 10.7519.80; rubles, 30". 330. A In the early afternoon the market was quiet, the only distinctive changes being strength in rclclismarks at a slight nd vnnce to 77 H 77 and a moderate shad ing In lire to 0.46 for cables and 6.47 for checks. Sterling was unchanged nt 4.76 , for demand nnd. 4.76 7-16 for cables at 5.93 ; checks, C.94?,. Scandinavian ex change was firm at 31.25, ns ngalnst a reported extreme advance of Wednesday to 31.3031.36. May June July August . . . September October . . . November December . January .. February . March . . . April .. . torfcred. nper T8.40 t8.'48 8!fl6 8,"6s &76 Hole 8.328.3I 8.38.38 8.41WR.42 8.4808.48 8.5208.33 8.3(1 198.38 8.BH8.II1 8.()3W8,(I4 8.(18!8.70 8.728.74 8.7008.78 8.6U08.BJ Tha forthcoming statement of the nl , ... cnwuiigs 01 nt least G per eBlJ on the common stork. ti, ':r wn1! June 30. " ear Thrt Vshi Tii. H..i. .i3 "u - 4.U1IV 3UDirAfEllrit 1. T- xnaay cl 1724,000 from tho banks on Wedne, m,a'5'n?.a cash "net Ba'" ?'nce FrTd-v ?1 ? 4,U0tf,VUU. Net profits of the Standard Screw rwff nanv for fh vr ni ,""." Cora-Tl $2,163,738, as against S277,336, In t llfl vlous year. "" pr nid. Increase il.mn.ono 16(1,200 1,024,00(1 RATES FOR MONEY o CbI!, New York- Philadelphia Doston ,.-..... . n phtrngo .-.-,.... a4 Commerrlal paper. 8 to delphla. 30314 per cent. Time 4 1 m months, rhlla- GERMAN BANK STATEMENT nfD.h?Ii.,Tl7yT.11irT.h?, weekly statement of the Imperial Hank, of Germany shows; RAIROAD EARNINGS CANADIAN rACIFIC, 1(11(1 tria wlr MaV 1.7(13.000 Fronf-July 1 107,413.820 22,172,080 DBNVCn AND niO ORANDB. First week May 1414.300 From July 1 20,030,300 CIinSAPEAKB AND OHIO. First week May , 810.3'!R J02.41R From July 1 40.677.003 7.054,377 TI5XAS AND PACIFIC. First week May $323,182 $28,730 From July 1 lo.r.40.208 090,670 ST. LOUI3 SOUTHWESTERN. First week May .... $217,000 $31,000 From July 1 10,418.740 1,830.822 ANN ARDOn. Fourth week April .. $02,202 $8,817 From July 1 1,100,040 260.030 ATLANTA. BIRMINGHAM AND ATLANTIC. Fourth week April... $65,382 IS-076 Month 240,603 28,108 From July 1 2,376.083 822,808 GRAND TRUNK. First week May $4,030,708 $107,373 From July 1 43,881.201 3,760,007 MINNEAPOLIS AND ST. LOUIS. First week May .... $188,601 $13,380 From July 1 0,203.401 453.608 CHICAGO, INDIANAPOLIS & LOUISVILLE. First week May $163,373 $28,822 From July 1 6,470,091 01Q.018 The Great Lakes to I'Cnr. B4Ma1 ..K bonds which aro beinrr nfr,,j 'B0"!)i Intewat. " "-" "w MS ine ureat Lakes Power Co., Limits 3 has sold to Estabrook & Co.. i"mW1 first morlcrntTn R not. - ' '!.WW'W"J Thn TArniArnff rAiin.H r . ,.".i ,VT"' " ,'ur?0wn pro.1 uxbcu ,,mu pounas of Conner ll Anrll. 1-nmmnJ with Id .., ":' .-r-.-, , .... ...... .vnmi.vui; m March.! mere nas Deen withdrawn from tSW Sub-Treasury 5200,000 gold toln for shloVi ment to Cuba. "'"t T1i iTailapiil T..... -s-. . xiiu i.cui:iai iicdtirvn unnrri has .r: proved nn Increase In the commodity ndm at tho-Kedernl Tlonorv. n.ni, ..'"' ll- e ,.",,, .'"'".'? "L "hn-a "i"""" " jh" I'er cent. BAR SILVER Tti "WTS TneV nntHmaa.lal i . quoted today at 76Hc. an advance of 5ii I" I-ondon the price was 30Kd., an ,4vibwI S ELKJNS, MORRIS & C0.I BANKERS 39 May.io, '10. . . .Marks Gold. reserve ... 3,482,000,000 Commercial paper and treasury Hills 5,031.000,000 Circulation and banking-notes., 6,042,000,000 Private deposits.. 1,642,000,000 March 13.(10 May .......12.00 July ..I.... 12.00 October ....13.13 December ...13.32 January ...13.311 AuKust 13.22 Spot 13.20 HlKh. Low. Close. 13,118 13.R2 13.34 12.08 12.8(1 12.87 13.13 12.05 12.D5 13.32 13.13 13,13 13.47 13.20 .13.34 13.33 18,35 13.37 13.22 13.00 13.08 13.10 Condition of U. S. Treasury WASHINGTON. May 11. The condl tlon of the United Stales Treasury, accord ing tp a statement Issued today, waB as follows: Net balance In general fund, $129,789,407: total receipts, J21, 109,310: total disbursements, 324,624,671 ; deficit for the year, 328,352,372, exclusive of the Panama Canal and publlo debt transactions. ay Marks 2,401,000,000 3.133.000.000 6,000,000,000 1,730,000,000 ENGLISH BANK STATEMENT LONDON, May 11. The weekly state ment of the Bank -of England follows: Total reserve 43,386,000, Increase 1,800, 000; circulation 34,426,000, Increase 94, 000; bullion 59,362,000, Increase 1,894, 000: other securities 79,409,000, Increase 2,033,000; other deposits 83,441,000, in crease 2,582,000; publlo deposits f54, 833,000, increase 6,389,000 ; Government securities 33,187,000, unchanged. Tho proportion of the Bank's reserve to lia bilities Is now 31.40 per cent., against 30.90 per cent, last week, and compares with an advance from 18 H per cent, to 21 per cent. In thls week last year. Tha clearings through the London banks for the week wore 296,390,000, against 216, 533,000 In this week last year. BANK CLEARINGS Hank clearings today compared with corresponding- day -last two years: .I0"'- 1013. 1014. Phlla 137,802.718 $23,880,741 $23.2lu:323 Now Tork, 440.810.430 338.208,704 270 974,855 CJllca0 ., fl9.J8.74(l 30.165,218 61 764 744 Boston .. 31,4.14.428 27,4,n3 2S.BIH 28 St. Louts,. 15,264,148 12,183.503 12 004 300 Desirable Ijivestments Wo 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 Froo of Taxes in Pennsylvania A list of those now on hand will ' be furnished on request, Edward B. Smith & Co EsBX!ntD 182 BANKERS iiemlwrs ffeto York and Phtlattl-hla ' Block Exehanjtt '""",,a 1411 CBMTJSB? BTKPT. PuUJOttmU 30 Prat BtaiST N,w yQ laraiit Oil & tas Ce. BOUGHT SOLD QUOTED Wr Of f (del circular So. , E He CLARKE m INVESTMENTS Our May Circular contains a list of Investment offerings which we recommend at this time, and which we will be pleased to furnish on request. fVIELLOR & PETRY Members N. Y. & rhlla. Stock Exchanges 33S COJISIERCIAL TIIUST nuIIBlNQ B.A. 5 -Acq. PUBLIC SERVICE SECURITIES Public Service Securities are a lien on the success of communities. H The United Gas Gr Electric "Cor poratloh is a holding company. G. It controls Street Railway, Gas, Electric LiAt and Power. Steam Heating and ater Companies in 17 cities located in 11 states. Ct Population served in excess of 2.000,000 and rapidly growing. L Earnings, franchises and physical conditions unusually good. Ct We offer the 6 Bonds of this corporation in denominations of $100 antf.SlOOO at a price to yield 6.20. C Tax refund Penna. Normal Fed eral Income Tax paid! , ' C. Detailed information on request. Bake.? Ayliixg t Co. Land Title Bldg" Philadelphia. Land Title .Building Philadelphia Penn Central Light & Powet Co. 1st and Consol. 6s, ' Feb., 1963 Penna. Water & Power Co. 1st Sinlcinc Fund Ra. Jan.. IQdlV-2 1, , .., .- .g Pacific Gas & Electric Co. ' Gen. & Rcf. 5s, Jan., 1942,-i Particulars on Request INVEST IN MORTGAGES AT 5.4 s Reeommended by BEN T. WELCH 1328 Chestnut St Toledo Traction Light & Power Toledo Traction, Light & P6wer preferred was bid yester day at 70 and the common at J4W. an against 41 and 21 rome weeks , ago, at which time we directed attention to the prices of these securities as bolntr materially under their real market value, , The preferred stock looks esoe clally attractive for a scontiraed enhancement In value, as It carries) with it over 14 per cent, accumu lative dividends. We advise tho purchase of the preiorreu block on us jjuicmw, -investment value ana oi un common as .a moat attractive public utilltystock with enhance ment possibilities. WISTAR & STOKES Commercial Trust Bide Direct private wires to principal elite Hell, Locust 2718. Keystone, Rsce 1491. .,w m tm :8 ON or About JUNE lstyI916 i iDELiTY Trust company Will Open an. Uptown Office ' j?.- NCor.Broi&CliestnutSts.
Significant historical Pennsylvania newspapers