nirsptii"iui
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X
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KVBKlKd LTEIXEtt-PHlDADBLPHTA SAflUBDAY,
MAY , 13,
1916.
FINANCIAL NEWS
PREPAREDNESS PARADE ABSORBS .
INTEREST AND STOCK TRADING LAGS
m..mhi. .,.ii. ... I i mii, -ii. ..
.Wall Street Intent on Making Success of Event, and It
Demands Sole Attention Natural Strength Cannot
Be Repressed, However, and Many Issues Advance
High Points in Today's Financial News
Average loans of New York banks decreased- $1,007,000 in week
and average reserve fell (2.588,570. Actual loans increased fS0t575,000
and actudl reserves dtdppcd f7,tU,910 in week. Sals of Wheeling and
Lake Erie Railroad Scheduled for June 8. Essex Company declared extra
dividend of $5 a share in addition to Semiannual of (3. Netv financing
Jylan announced for United Coal Company. Price of bart silver slightly
ower in New York and London, Another gain reported m weekly bank
clearings. Cotton consumption in April larger than same month in
previous year.
New York Stock Sales
NEW YOUK, May IS.
It was hard for Uio brokerd to listen to'bldn and offem on the door of tho
Stock Exchange nnd for (heir customers to pay much attention to stock markot
operations today whllo tho streets were filled with marching hosts, because tho
.blare of trumpets and beating of drums drowned out all other sounds. All Wall
street district was intent on malting a success of tho preparedness parado, and
that ovent demanded tho solo attention of tho most Important financial Interests.
Tho natural strength of tho markot, howover, could not bo represses by this
devotion of Interests to outsldo affairs. Many stocks made vtolont gains, but It
was natural that activity should bo confined to a great extent to specialties.
Willys-Overland moved up 10 points to 270 In tho first hour. Studeba'ker roso
moro than 6 points, and gains of around 2 to moro than 3 points wcro mado in
other motor issues, including Maxwell common and first preferred.
Western Union was forced Into prominence, being unusually active and
strong, and the electric stocks wero also in brisk domand, with scant supply.
In tho railroad list Heading and New Haven wero tho most prominent Issues,
both these stocks advancing about 1 point. United States Stcol common, Ana
conda and similar standard industrials wero inactive.
Tho market sentiment was far stronger than tho trading In tho leading
Issues would indicate. Thero were few offerings around recently prevailing quo
tations, but under tho market there was a broad demand which did not come into
actlvo evidence, becauso of tho attention demanded ly the parade.
New Financing Plan for United Coal Company
NEW YOIIK, May 13. Tho creditors' committeo of tho United Coal Com
pany of Pittsburgh hjs abandoned its plan of April 22, 1915, and has adoptod
a now plan providing for a now company with $3,736,900 preferred 5 per cont.
cumulative stock, $5,847,01)6 common stock and $25,000 purchase money mort
gages. On tho basis of exchange of now for old securities, holders of tho old
notes will recclvo 62 W per cent, in new stock and 81 V4 per cent, now common
stock, being equivalent to 50 per cent, of preferred and 65 per cent, of tho com
mon stock on tho amount of bonds securing tho notes. Holders of tho old bonds
will receive 50 per cent, preferred stock and 05 per cent, common stock for their
present holdings, and unsecured claims above $400 will receive 25 per cont. pre
ferred and 75 per cent, common. All claims under $400 will be paid In cash.
No Let Up in Demand for Copper
NEW YORK, May 18. Thero Is no lot-up In tho demand from domestic
consumers for copper and the business being done by tho producers and dealers
continues good. Foreign inquiries are also In tho market, with reports that a
largo transaction for European account has been arranged, covering a long tlmo
into tho future. August deliveries continue to demand 28540. a pound, with 29Vic.
for September and 29 cents for tho last quarter of this year. On deliveries over
tho first four months of 1917 ono small Interest la quoting 28c. for January,
28',&c. for February, 2S&a for March and 28c. for April.
Sale of Wheeling and Lake Erie Scheduled for June 8
CLEVELAND, May 13. The adjourned sale of the property of the Wheeling
and Lako.Erlo Railroad Company has been scheduled for June 8. Tho upset
price remains at $18,500,000.
Essex Company Declares Extra Dividend of $3
BOSTON, May 13. Tho Essex Company has declared a semiannual dividend
of $3 and an extra dividend of $5 a share, payable June 1 to stock of record
May 11.
1 LIQUIDATION MAKES
WHEAT PRICES DROP
Better Seeding Reports and Ad
ditional Rains in Winter Belt
Cause Selling
New York Bond Sales
CHAIN I1KLT WRATH Kit I'ORKCAHT
CHICAGO, Mnr 13. The weather fore
cant tor 30 hours follows!
Illinois Showers tonight and probably
Sunday, not much cliunte la tempera-tare-.
Missouri Showers tonight nnd prob
ablr riunday, not much cbanro In tem
perature. Wisconsin. Minnesota, Ioirn. North and
Pouth Dakota Miowera tonight and Bun
day, continued cool.
Nebraska shower tonight and prob
ably Sunday, continued cool.
Ivnnaa Shower tonlshti Sunday partly
cluudy with warmer weather north.
CHICAGO, May 13. Further easiness
was In evidence In the wheat market this
morning because of liquidation duo to
additional rains In tho winter wheat belt
and better reports with regard to seeding
in the. Northwest.
Itay opened at $1.15 and sold down
to $1.15 before tho end of the first half
hour, against $1.15 at tho close yester
day. July ranged from $1.161.16,
and -receded to $1.15 91, compared with
$1.16 at tho end yesterday. Septem
ber started at 1,1B1.15 and worked
off to Sl.15, contrasted with $1.16,
yesterday's last price, y
It was believed that the technical posi
tion of the market had been weakened.
Dealings at Liverpool were light, but the
tone there was steady. Indications of lib
eral exports from the United States for
the week had some effect, but In the main
shipments from Importing countries are
not up to expectations. Tonnage remains
scarce.
The receipts at Minneapolis an.d Du
luth today were 349 cars, against 201
cars; at Winnipeg. 683 -cars, compared
with US cars: at Chicago, 65 cars, con.
trusted with 63 cars.
A slight decline occurred in corn. It
was believed that the area would not be
affetced by the wet weather. The receipts
her today were 248 cars. The market at
Liverpool was dull but firmer. Clearances
from the United States were consid
ered to be disappointing In the United
Kingdom.
A small recession also occurred In oats.
About 500,000 bushels have been sold f$r
export within the last 34 hours, and there
is an urgent demand for this grain In
Argentina. Receipts here today were 373
cars;
Leading future ranged as followsi
Testera
ffiJT : rf M fclkTHHM 88
Corn (new deliver . . . T
Slay HJ I?
juiy ....
Bot
Oils
May ....
July
ot
May
ju
tartf "
t ueuv
81
43H
80
74 U
UK
si
4TH
40 V
July ...
ajt. . ...
iuta
11 W
m iin ;p
as:w i5:t iv.rn tjjr.lr U:8I
12.03 13.00 12.00 lllW 12.80
May M2.0T .... ,. ., t1?.2 t2.f
fiU .:::: li: M tf:?J tl!:H fa
DIVIDENDS DECLARED
Fairbanks, liars It Co.. 1 car cent mi pre
(erred stock, payable yon I Hooka ides May
31 and mown Juno 8. Tue company announce
ibt hereatter dividends 0j m por nnt. W
b raid quarterly. . ,
Porta Ktcan-Anurlean Tobacco Company,
iiftiUr quarterly vf A Pr..cn.t.- payabla June
1 to tcck of record May 15. Hooka clot May
it o4 reopen June 8
Standard Oil Company it ritftraika. regular
4mtannual e( lo per cart . payabla Jun 0
rvuinntal Oil Company, regular Quarterly
to atock laf
fitment
of it Mr com
i mi ii in i ui
NteW YORK BIJTTEK AND EGGS
HG1V YORK. May 11. BUTi'EB SusolWa
attfkt. wi'b. price Arm w too aradM. He-
,iClS tiuifl aria, llu esattiuud uwynuat
to Umic. , Wwajvl. 30.'V Mflusca. Quo-
UUSa Bsonasaiu.
llleh
i. aa
. OS?.
. 03
.107U
03H
Low. Close.
83 82 V
)3H
..2
107 '4
S3M
B1H
D5H
0OH
o;
03
107 H
03
OIS
03 U
00 H
100 H 100 H
?Th
J2000 Adams Express 4a
701300 Anclo-Pr B
1000 Amor Tel clt 4a..
33000 do cvt 4Mb ,
8000 Armour Co 44s..
3000 Atlan Coant I. 1t 4 mu
1000 Halt & Ohio cv 4 Ma 1)3 H
2000 ,Dalt & O 8n 3Ma 00
S0U0 Halt & Ohio is.... loot:
-vuu ucui aieei let 3a. .10371 10.171 103'i
2000 Can So B 103 103 103K
42000 Can Govt Ba wi 1020 00 90 00 M
83000 do 1031 007. 90 007,
30000 do 1031 00 09 80H
ouuu ueni unin ist oa.. 10171
3000 Cent Pac let 4 80
1000 Chea & Ohio 4 a... 80
1000 Chi & East III ct Ba. 81
7000 Chi II & o joint 4o.. 88
2000 CM U 4 0 rec 4- . 077l
1000 C M i Bt P ) 1025 04
juuu uni nwy 3s 0(1 mi
4uqo Del & Ilud conv 41..1U7 107
12000 Dla Eecur Corn to.. 7n'4 7aU
111(10(1 Krla o 1. uJi i" iJi iSi
t)000 Urle cv 4a 8er D wl. snii
S0OO Oreat Falla Pow 6a..l00
luooo 111 Cent 4a 10.12;... 98
13000 ICC1S1L NO Bi 100
10000 Interb Met 4M..... 7S
lumi Interb n T ret si . 0S
13J poo lnt Her Mar ct 4a 1U2?
nooq Internl Paper Ba..7 00
7u0 Jap new -f'.la m4
1000 do 0s llllU
3000 Kan City Ho lt 3a 8
i3H ancl!r Tr let 4i SS
14000 Lncka Steel Ba 1023 00"!
1888 "Wv a.?.?: i?''4
S8S8 S Si1..0'.18" Sf
il'oou do ct ata 4v::;:; 45
1000 Mont Power Ba... ." 07
3)00 Nat Tube 3a...... loi
2(1000 N Y C & H 0i .... ,.1U
booo n y c 4 Hud 4; ;;; ui
2000 do 4a ": ; u3ij
2000 N Y Chi SI i.Vi iii'
100(1 N Y City 4 a 100!
21000 do 454a IJT05...."
,i00 N Yllwy ret 4a .
14000 do adj Ba...,,,.;
2300 N y Tel sen 4 W a.
1(100 Norf & We.t 4. .
1000 Nor Puc prior 4a...
ltJSOU do sen 3a ...'..
2000 Fenna sen ct 4 a .
.mss n("cn4Hi i .....:
62000 neadlnr Oen 4a....
S00O Hep Cuba 5a 1014 ,
?xur ixvP lr dno a o
1U
000 Hark Tilant rfA 2m
100000 do 5l ......7...1
K000 Stl. & HV rt nt mt J. in
lllm QeKf,..! A r nJi at- n ,M
" tJSajayv - it UJ U U
il'Ulf UU 1111
S0O0 South Hell Ba
77
olid
100
08
100
73
08
102
00
84
78
110
ssg
88
3B W
07 U7
101 101
114 114
111 01
03 03
l 04 84
!S7. ,u
107 107
T7
B7
ii:i(!
.V
Job I85
03 l)J!i
S
HA
55
US
lj Ba or
.82..
11000 South Pac cv4".:.'.8H 87'j Mlj
UMllO do CV Ba ...... 104 lfti 104
Bouth Kwy con Bo.. 101 101 101
gfisra!tesf.tei!iii mli
WMrm sg hi
6000 Weat Union 4 Ma.... 03 ! 03 2 93 8
Total aalea, 13,131.000, compared with
tl.S74.000 lait Saturday! thla weeV.Ml.6J7."
00O laat week, 17,4,0OO. ' ' "'
Did.
03
SS
SU
on
12 10051
$100 BONDS
P.C. Year.
Alberta, Praylnca of,,. 4 1821
Anglo-French 5 1820
Argentine Government , a 1043
City of llaltlmore 4 lOil'J
City o( Chi liar Con .. 4 1817
uuy or n uneana imp
iux oi Vancouver
nr xorg
do
Ala Vlcka let con ... 5
Utooi.lt Kan lit .. B
Cen Vermont By lit rear 4
Chi n t o Pen Ext ... 4
O M 8t cen rtd con. 5
do conv, . .
Col & BolTef
Krta (len con aer D .... 4
N Y Cen con deb S
N Y i Qrn II (Erie) III. B
n it at ii
Offer.
84S
0354
91
04
107
103
8
rAlL
if Vancouver .... 4 18 -'3 8254
fork City re ,,,, 4 18BJ J03
4 19H0 103
mi cuu , ,, a ivil utl
Can lit .. B 1830 8854
ily lit rei 4 120 oa
n Ext ... 4 1822 DO
n rfd eon. S 2014 loou 107
4H 1813 lOOC 101
t ert ,,. 4 1833 82 84
High,
AUsttA Juneau.. t
Alaska Old Mines 30,4,
Altts Chalmers. . itv,
do pref ......
Am Ag Chem... 70f
do pref 00
Am n Sugar.. ,. ts
Am Can s)H
Am Car A Fdy. . 81V4
Am Coal Prod.. 185
do pref 117
Am Cotton Oil., tisv.
yAm Linseed . . . 2nii
uu ijicl .,. ouya
Am Loco it,.., 701,4
Am Malt 874
do pref ...,,. 377(i
Am Smelting . ,. 98Vi
do pref 11 1H
do pref A . .. 94 Vi
Am zinc ....... oa
Am Susnr 118V
Am Meet Fdy... 53V4
Am Tel A Tel... 1844
Am Tobacco
Am Woolen
Net
edge.
H
'
law. C!o,
OH ' OK
BSH SH
2 S8H
MH H
8H 0J4
09 00
7 IVY
37 B754
son 01
1S5 183
lit 117
6SH 83i)4
2H 23
40)4) 50
70 70
38H STSk
08 98'i
111 111 194
OlVi 01 .....
o oay V.
112 112
rsy 3u .....
128t4 128 M,
207H 07H X07H H
... 4JH 45 45 -t-
ii
H
V
1
V.
v
HIM
Vt
v V
LONDON MARKET
IS AGAIN ACTIVE;
NO LOAN IN VIEW
Purchases of American Se
curities Probably to
Be Increased v
ASQUITH IN IRELAND
Agreement Thought PossiUle
Between Jojin Redmond nnd
Sir Edward Carson
Anaconda Con., 83 B4tt 8474
Atchison ...... .103 103 103
do cref 101
Dftld Loco i tu, 80
Halt & Ohio.... 88
llotll Steel 440
Brookn It T . . . 80
llutto & Sup .. 08
Drown Shoe . . . 00
California Pot . . 20
Can Pao ...... 170
Chandler Motor.. 04
Cont Leather ... 54
Chea A Ohio . . 02
Chill Cop 21
Chi no Copper . . 84
Chi Ot W pr A. 87
C & St P 03
do pref 128
C C C & St L .. 62
do pref 80
Cluett Pcabody. . 74
Cont Can 87
Chi H4P 20
Col Firel & Iron 44
Col & South 30
do 1st pref.... 62
Cructblo Steel... 83
do pref 116
Del & Hud 152
Detroit United., lir,
Domo Mines ... 38
Distill Sccur ... 63
Dul 3 S A 0
do pref 13
Krlo 37
do 1st pref . . . 62
Gen Elcc 108
Cenerul Motor. ..400
do pref f 118
Oroen Cana .... 48
Goodrich Co ... 78
do- pref 115
Or Nor pref . . .120
Gt Nor Oro ctfs 41
101
88
88
440
B0
02
00
23
175
03
83
02
21
64
37
05
101
80
88
440
80
03
00
28
170
04 2
54
1
2
73 1
80
10
43
20 1
52
82
116
162
116
28
63
0
13
37
53
aidf st sti
111 Central
lnt Agr Corp
do pref . . .
Int Har Corp.
pre TOi
.101
. 18
. 53
. 74
Int Har Cor N J.1I2
Intcrboro 'Con... 17
do pref 75
Internl Paper pfd 40
Inspiration Con. 45
100 103 100
Int Nickel 40
Int Mcr Mar ... 20
do pref 0294
Jewel Tea 02
Kcnno Cop 50
do pref OR
Kelly Spring ... 74
Lncka Steel .... 71
Laclede Gas
Lehieh Val .... 71)
Loo Rubber .... 50
May Dept Store. 04
Max Motors 80
do 1st pref. . .. 00
do 3d pref. .... co
Minn & St Louis. 0
Mos Pctro 107
Mo Kan & Tex.. 4 I
Miami Copper. ... 80 30
Missouri Pacific. 7 0
do t c G 3
Nat Dlscult 121 121
Nat Clk & Suit.. 73 73H
Natl Enameling. 21
Nat Lead C0T&
N V Air Brake.. 135
8
21
64-
37
05
128 128
02 52
78 80
73
80
10
43
28
82
81
115
162
115
28
52
0
13
37
52
107 108
400 4110
117 118
48 48
77 77
115 116
120 120
41 41
74 74
101 101
16 16
62
74
112
17
73
40
45
40
20
01..
02 ,
50
08
74 9f,
70
1
0
t
52
72
112
17
75
40
45
40
25
01
02
85
OS
74
70
1
4
''
By FRANCIS W. HIRST
Special CoMe to the Evening Ledger.
LdNDON, May 13. Premier ABqullh's
visit to Dublin is Interpreted here as an
effort to bring nbout n compromise by
reconciling tho Irish Nationalists with
the Orangemen. The desirability ot on
Immediate settlement Is not contested: Its
possibility through nn agreoment between
John Redmond, leader of tho National
ists, and Sir Edward Carson Is perhaps
greater now than ever before
A moro hopoful outlook la mirrored
In tho stock market, which Is compara
tively actlvo nnd cheerful, Purchnscs of
American securities here will probably bo
Increased In tho near future. Tho re
moval of minimum prices from moro
hbmo railroads last Monday wa3 wel
come. No new loan, I think. Is necessary at
present, but oxchoquer bonds ato favored
rather than Treasury bills.
American exchango Is likely to recover.
Tho slight fall Is attributed to German
wlthdrnwats of money from New York.
Silver fluctuations cxcltb continued In
terest, but tho reported prohibition of
bullion exports by the Government of
Mexico Is hardly credited here.
Tho unopposed passago of tho House
of Lords' resolution consurlng the Gov
ernment's Irish administration, after only
two days of debate, signifies milch.
Meanwhile, peace signals from Germany
and Austria-Hungary continue to multi
ply. In connection with tho Trlbuno's
Washington "kite," there Is moro dis
cussion in Great Britain of tho possible
termi which tho contestants can afford to
mako.
r
Sales In Philadelphia
how. Close.
11.. i
02ft
Ket
che.
. . i
ft
(13 VI
SVVii lh Kb P
on PCor i0 O'ji. I"t. ".i
fe: w m l::at;
I Mot.. 80., 80 80, JJ
r,n so,
MORE COTTON CONSUMED
r. i a i. tt i n. . t -i. ! export elovator: No. 2 rod.
uruuiur jviuuuhw uauu .uumiB iuioc Ji;i71.30: No. 2 Southern red
)llh.
J5 Am a.,...,12t.,
10 Am Zlne B2H
12 cim iron.,.. 45
Boo Ool P Iron. 44
81 Klee stor. .. . oo
3SO DIHt.HM 8354
lo am Vvph ir.. 7!i,
20 I M ft M rrto 02H
800 I.ftkn Sun Cor 10.,
It KiJaT
23 MavwMl
Inn Ma Palflf. .. 7
8117 rennit ....... 80S
73 Pa .Steel pr. , 0854
8 Phils Co pr. 3f ,
7B1 Phlia Klec ... 27?4
6no P It T tr ctfs 18
83 rhlln Trao it 70,,
405 Headline ..... 0014
j oo no uwy mj.i
270 Ton Del i mi.
AK Tn 1ln . . . . .
Al TTn Trnn .... 4ft
8(1 U O I . .... 87H
1(103 u h steel rr 844
100 Wabash pr A 4854
50 Weat Elee , . OS
Total lei,,28 alinren, f"mpnred
10,010 Ahnrn lout Hatiirdari tm wmki
801 hnrcl laat ireek, 80,181 aliarea..
BONDS.
Utah'
2000 sinsn ns.ini
1000 Un.nwy In 6 70
10000 Weluli Co 5a, 08
2000 W N Y ft Fa
let 5 81
i
W P $.1
80H
-.
4
n Vrt !
87 4 8W V'L
03 63 ,i
with
00,-
Ixjw, Close,
10254 102
nntL 1ft
US
n. ijw,
I'd
Net
Ml
in
84
81
Total aharn, $15,000, eomnnred nl.lh 2t,455
ln.t Mutunlu)!. tills wttU, (382,0001 last nttk,
(50,182.
1
Local Bid and Asked
hurt a Run t o r,o5i
tin preierrea ,
nrlll. J Oi....,
Clectrlo Hfornaa
aencral Asphalt jtjt
rln nrefer rnii . ."..
Keystono Tot
io t o
do old
Lake Sun Corn
i.men wrv
1-hlnli Val ..
Irfshlgh Val Tr
do pfd . . . .
I'enna .,
I'hlla Klcc . . .
I'hlln f-n..
oo r. per cent pref ;IH ,
.do 0 per cent pref. . 42 H
Phlia It T t c if ft
neadlnir UOji
TonopTh Kelmont ... 4 f.
Ton Mln flti
Union Trno 42)4
Today. .
r,ld..Alted.
Yesterday.
Hid. Asked.
sH 80
61
00
It O I
U H Steel ....
Yorlt llwy ....
do prof ....
Wm Cramp t o
HTIIA
5154 5054
nn v ua
HOW '" f'Oji (
3254 83 02 33
1i t 711 71
h un a is
..;.:;.... ns o?.. n
10., 1051 I"
74H 76 74 75
78ft 7 7814 71
.. 42 43 42S 43
M n 5?H m
il 42 41 4'J
3ii n. an
43 42 54 43..
18 'i 1H. IHji
fl 4 4
88 8751 87
8454 83i 83
18U 18J4 13
80 3r.4 3(1
8(54 83 85
83ti
134
ar,M
83
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
WlinAT llecelota. 21(1.010 bushela. The
market ruled atoady under moderuto offerlnns
nnd a fair demand. Quotntlonsll car Iota, In
bpoc and Aiay,
i 41. i I tvi.-ui ixu, j. ooi.iiiern tl-u. ,..idvi,iai
MH. tl A,-i 101K atoamer No. 2 red. 11.14ra1.iTi no. .3 red,
"""'" i.iu.i niuu, xuxu '. J1.14rji.i7: relected A, J1.1154 1.1454
WASHINGTON'. May 13. Tho cen.TJS r cieu u. ii.iuwi.ij,
report today showed cotton, excluslvo ot
re-
70
50
03
84
88
OS'
0V4
70
50
03
81
89-M,-
69V4
0'4
,
1
'.s
2
100 ft 100 J4 Va
4
30
IV.
0
i V.
N YI
U9 I
1(33 5
1831 113
1940 OS
rt;
Nor i
'tr
Vat 1st con ...
Sub Air I. lit ii en
So Pao S Fran term lit.
V'lrslnlin Uwy lit.
Am Aar Ch con deb . .
Am II? Sec dab
AmTTcj)iltrctfa...
do conv
Bota Stl 1st A ref . . .
Ont Leatb lit rC . . . .
Clt 8r con not
Com I Ily U con.
Turner O 4 B lit . ..
C.tn Bleo deb
at West I coa CU . . .
IacIc Steel 1st coa
lactate Uaa lit .......
14 & Wcy deb itt
(lU . . . .........
P UitiKard db rtar . . .
Karcf"6ll ion'dib" '."'.'.
Mon Power lit 4 rfd..
N X Ab lit con
WUElUcMM......
en db cf .' 854 165(1 71
1S4S 111
S
4
6
4
6
5
a
4
nM
s
5
s
5
5
T
5
0
8d
Joo5
ijjj
1005!
8(1 U
01154
60
1V33 I US Inr
W !98 tottt
iSli iol
1R4B 00
142 82
125 08
10.10 03
tmo 10051
lt44 124
lost 1005;
ia sau
1045 eSi
1030 83
1002 0854
1024 S854
1925 84
102U t
DO'i
1023 lot
102
103
100
0554
125K
125
101
83
08
103
Nevada Cons .
N Y N H & II.
N T Central .
N Y G & St Ii.
Norf & West. .
Nor American
Ont Silver . . .
Pao Tel & Tel.
Penna II R . . .
People's Gas .
Pittsburgh Coal
17
03 Hi
24
OflTa
135
17
02M.
103 103V4
40i 404
.124
. 00
. 10 V.
. 31
50
.101
27
123
00
10
34
56
101
27
00
Pitts Steel pref. 00
Pub Sv Corp N.I.130 130
llwy Steel Spr.. 43 42
Hay Cons 33 22
Heading 00 80 00
do 1st pref.... 42 42 42
Repub Ir and St 48 48 48
do pref 100 109 100
Seaboard A L... 17 17 17
Sears Roebuck.. ISO 185 183
Southern Pac .. 03 08 08
Southern Ry ... 22 21 22
do pref 03 02 08
Standard Mill... 103 10.1 '103
do pref 01 01 01
Studebaker 141 135 141
Tenn cop 40
Texas Co 102
Texas Tac H R.. 11
131 1
73
24
00
183
03 1
103
40 04
123
00
10
34 2
80 'J
101
27
00
130 1
42
2
Tol St L & W... 5
Under Typo ... 08
United Clff St.. 07
Un Pao 13.1
do pref 82
U S Undl Alco,
United Fruit..
U S C I P.& F,
Un Rwy Inv. . ,
U S Rubber 55
U 8 Steel 84
do pref 110
40
102
11
5
08
01
40
102
11
5
08
07
2
1
'
1
7
3
V.
135 135
82 82
151 150 160
181 100 100
0 20 20
10 10
05 35
8S 83
110 110
70 76
80 80
10
U S Smelt 70
Utah Copper ... 80
Va Car Chm ... 44 43 44
Va Coal Ir & Ck 52 52 52
Wabash 15 14 14
do pref A ... 48 48 48
do pref B ... 28 28 28
Western Unlont. 05 02 os
Wh & V E 1st pr 13 13 13
do 2d pr ... 4 4 4
Westnghse Eleo, 03 02 02
Wis Cent 30 38 30
Woolworth 130 138 136
Willys Overld.,,270 20S 204
do pref
Total aalea,
.107 100 107
H-l
'
3
4
t
274.800 shnres. rommifNl with
anA ... . ...-A fc .. . - - - . .......
DDiitiuu ilium lust nniiirui.71 iota WcCK.
3,331,000 shares I last week, 3.075,700 shares,
LIVE STOCK QUOTATIONS
CHICAGO. May 13. HCX1S Hecelpta. 8000,
Markets, atrons; to 10a htitner. mixed and
butcheri'. I0.ll0010.13: rood heavy. 10.80
10.10; -onsth heavy. JU.E0WU.70: pigs. J8.S5U
0.40!UUllc, IO.UOWl5.10. CA'irrLK-Recefptlf.
100 Markets ateady. Deevea, 17.85010.25.
cows and helfera. it 00.30; Texana, I7.50O
0.23. 8HKEP Recelpfa. 500. Tdurktis iteady.
Natlvs and Wtstern. IOWU.50; Umbi, SS.S0O
12.15.
BAIt SILVER
In Irfinrton bar silver wis quoted at 86 15-16
pence today, a decline ot 1-11 pence.
.Commontal bar 'liter tva a quoted In New
York yesterday at 7754c. ott He.
Spelter Business Small
NEW YORK, May .--.Du!nes3, char
acterized the spelter market today. Busi
ness was small, but quotations -were about
unchanged at IB71C a pound for May
shipment of prime Western brand, IS to
jtjHo for June and 14 Ho tor July, All
prices are Bast St Louis,
Wills Probated by Register
Among the wills probated today were
those of Edward M. -Cres-ar, 720J Boyer
street, which. In private bequests, dis
poses of property valued a 19600; Wil,
Ham T Collins. 24 Jforth 50th street,
13500; Rebecca Tryon, 4924 North Broad
street. $3890; Annie U. McLaughlin, 919
South 13th street, $2500. and Ida IX
packer, who died In the Samaritan Hos
pital, (2000.
The personal effect of the estate of
Henry Barges has been appraised at
im.S-0i Jon Kelley, U,4,07 SJ; Abra
JUia Etnner. 39T3.14; Thomaa & San
son. IZS19.53, and Kate A. Albert,
37.t)I.
llnters, .-consumed durlnir April, 531,770
running bales, compnrcd with B1 1,009 In
1015, of which 298,180 bales were con
sumed In cotton-Browlnp; States In 1916,
and '276,918 In 191D.
Llnters consumed during April, 71,230
bales In 1916 nnd 38,645 In 1916.
Cotton held In consuming; establishments
on April 30, 2,006,612 bales In 1910 and
1,830,979 In 1915. In public stornp;e nnd
nt compresses, 2,814,897 bales In 1916 and
2,848,692 In 1915.
Imports wcro 67,478 bales In 1916 and
64.479 In 1916. Exports. Including lln
ters, 616,815 running; bales In 1918 and
672,035 In 1915.
Cotton spindles active durlnir April, 32,
113,841 In 1916 and 30,093,509 In 1916.
Financial Briefs
Commerce and Industry . contlnuo to
move along to tho now familiar tune of
prosperity says Bradstrect's weekly re
port. Trade Is actlvo, manufacturers nrc
busy, collections are satisfactory, money
Is easy. R. G. Dun & Co. say. "Nothinj;
has developed to prevent continuance of
the remarkablo activities and unprece
dented achievements In tho business
world. International uncertainties still
causo hesitancy In the securities markets,
but productive enterprise remains unaf
fected nnd labor troubles aro less dla
turbine" '
' Colnago purchases, silver authorities
hero assert, continue to bo mado on a large
scale, and this has resulted In holding
tho market firm. Some of tho largest In
terests In tho trade hero dcclaro that thero
Is no reason to look for anything but con
tinually advancing levels, with possibly
temporary reactions nt a tlmo when tho
metal arrives from ths country In London.
Mitsui & Co., Ltd., the Japaneso hank
ing and trading agents, aro said to bo ne
gotiating a contract with tho Smith Davis
Company, of Pasadena, Cal., for J1.000,
000 of gasollno motors for Japanese aero
planes. Tho South Dakota Central Railway will
be offered at foreclosure sale on June 12.
The upset price Is $500,000, -of which
about $100,000 must bo applied to the
payment of underlying obligations.
Commercial failures this week In tho
United States wero 336, against 332 last
week, 336 the preceding week and 412 In
tho corresponding week laBt year. Fail
ures In Canada number 34, against 30
last week, 26 In the preceding week and
02 last year.
The Standard Qas nnd Electrla Com
pnny. through the Philadelphia Trust
Company, Is asking for tenders until May
26 of sufficient of Its convertible 6 per
cent, gold bonds to exhaust the sum of
$2,016,000 now available for retirement
of these bonds. June 1, the company also
will pay off the remaining $1,478,000 'of
the three-year 6 per cent, notes. Issued
L three years ago.
Tho New York Subtreasury lost $1,628,
000 to banks on Friday,
Thirty-six railroads during ' the fourth
week In April had gross earnings of $17,
252,276, an Increase of $2,914,284 over
the corresponding period last year.
Gross earnings of the Boston and Al
bany Railroad during tho three months
ending March 31 wero $4,319,245, an In
crease of $1,116,653 over the tamo
months last year,
The Bank of England reports, tho
amount of qurency notes outstanding as
107,782,403, against 108,379,565 last
week. The amount of gold held for the
redemption of such notes remains at 23,-500,000.
JfEW YORK COFFEE MARKET
NEW YORK. May 13 The coffee
market opened quiet and unchanged this
mornjng with sales of only 1260 bags on
the opening call.
May ,.
June ,
July ..
Aurust
Neptember.
October...,
November,
Today's
opening.
8. 2308.32
8'.43
also
'8. 66
fcT.7iffi8.78
Teeterday'a
Today's
close. Mn
I.80O8.32 s.sofrii.sa
olio 8.00
December
January.
February
Marcb. . .
"Total ' aaleil 7250 ba-7
8.5908. 00
O.OIQjPH.ail
8.3HA8.30
8.48rVg.40
8.5208.64
S.r.ilWB OS
8. 01) 8.111
H.HiftK.Oll
H.nsfts.ttn
!8
8
8.74
8.78
8.75
.80
RAJLRjOAD EARNINGS
OltAND TRUNK SYSTEM.
Grand Trunk Railway of Canada.
March sroas
Net ..,
Thrw month'
Pet
sroas.
lulil
720,004
182,000
3,051.430
4Ua,T?0
Grand Trunk Western,
1145.000
30.700
430.150
Increase
03. quo
13.100
280.650
107.050
20,230
f8,850
g. 200
60.75U
March sroas
Thru months' aroaa
fei ......... l 4iv. . oa
Marcn sroas ... 130.V.1O (12,150
Nst , sou
Tb res months' grois . 145't5JJ
v " " Detroit and Mack'lnaa,
Jlrat week My. . .. 121.427
from July 1 04&7ST
eDacre).
R.67Q
$3.50.1
I5.T5Q
6Ml
CORN Rccelnts. 30.001 bushels. Trade was
quiet, hut vnluea wero steadily held under
moderate offr-rlnKS. Quotations, enr lots for
loral trade, as tu location: No. 2 yellow. 8t
MMc. s steamer yellow, H2j83c. : No. 3 yel
low, 7981c: No. 4 ellow. 70077c; cob.
per 70 lbs.. 82c.
OATH Receipts. 81,180, bushols. The mar
ket ruled sternly, but ttrern wan llttlo tradlne.
Quotations; No. 2 white, DIM WB-'c. ; standard
wlilto. 51(ff31'ic.i No. 3 white, 40M5UC.: No.
4 white. 47'i ( 18Wc: namplo oats. 43',i 0
44Vic. ; purined oats, graded, 49 W Oil Vic.
FLOUR Receipts. 010 bbls. and 213.031
lbs, In sticks. Trade was slow nnd values
wero Inrecly nominal. Quotations per 100 lbs.
In wood: Winter, clear. 51lur..10; do.,
Btralght, S3.4UG5.tlO; do., patent. 55.7DMII;
Knnnas, clenr, coton saclca, S 1.0000.30: do.,
straight, cotton sacks. 15.4006.70: do., patent,
cotton sacks, I5.HO0O; sprlnu. llrst clear.
lo.autpn.nu; do., atraisiit. .min.j; uo.
r.nN.qTTMTCRS IN EUROPE AlTTttp
MORE THAN 250,000 TONS STE
Export Demand Far From Satisfied Domestic Mnw
Quiet-Trading Quiet on Local Stock Exchan
. With Irregular Changes 8 '
t?!Jith,0 requirements of the r.i
l?17 havo been far frU t.lKfs !
Although some ot tho lending steel
manufacturers report the market quiet
with regard to domestic demand, there
Aro others who say the Inquiries from
abroad aro of sufllclent proportions to
keep things "humming" tor somo time,
European consumers are after moro than
250,000 tons of various products, it l.
stated, and theso orders aro likely to be
closed soon, with Indications that tho ox
port demnnd Is far from satisfied.
Domestic users of Bteel have apparent
ly taken care of their requirements for
somo time ahead, and It Is not likely that
a resumption of buying will bo witnessed
Until the various manufacturing concern?
which buy steel receive orders from their
customers for articles which contain steel
or Iron.
Soveral steel-makers atlrlbuto tho
smaller demand hero to tho fact that the
railroads especially havo been rather
out of the market. Steel rail, locomotive,
car and track material purchases within
tho last week or 10 days havo fallen off,
tneretoro a belief prevail, thTi ih'fV J
portatlon companies will remnli J"l
In the near future. reum bu
Ono steel authority, dl9eu.i.t
Ion. Mdi "Prices are su&if'H
to assure i record-breaking profit n? N
months to come, and severa i0raO
are willing to wait fo? a SLT
Thero will h t, t.-. . "w demaM.
comparatively long tlm." 5 ffiFLM
mainly because all the mills X &1
. " "'"" inm wo can alt v,Ttr,
wnlt with comfort.' lt ba
Trading on the Phllad.it. ... , l
LiS .vveS.rt d?"p tTtS
slight gains or losses, the VutjS&SW
Hat was unchanged from the iMtw''
close. Tonopah Mining susta ned a
loss, ns did United Om imjfwvSmiM
activity was. centred In the T,bl J,
sues, somo of which showed falril!"!
COTTON BUSINESS IS SMALL;
DROUGHT STILL HURTS CROP
Low Temperature In West Also
Against Big Yield
NEW YORK, May 13. Smaller con
sumption figures for April -than had been
oxpected prevented a full response to
Liverpool's strength on tho Cotton Ex
chnngo this morning. Tho opening tona
wns Btoady, howover, with prlcos 4 to 9
points higher. Business was on a com
paratively small scalo on tho call, with
tho buying by Liverpool of tho late
options practically tho only feature.
Later, however, Wall street liquidation
and a resumption of tho bear attack took
prices down 2 to 0 points from the stnrt.
Thero has been no relief from the
drought In tho cotton belt, nnd, although
temperatures wcro higher In some sec
tions, they wero still too low In the
West.
Liverpool camo to 2 points higher,
as against losses of 6 to G', points ex
pected. v l
Tho early selling from Wall street and
commission house sources carried prices
down to nbout tho final levols of yester
day, when tho appearance of trade de
mand nnd covering by local shorts prompt
ed a rally of a half-dozen points. Busi
ness, as a wholo, was not active, and the
operations suggested no change In senti
ment regarding tho ultimate courso of the
market,
Tho ofhclal forecasts Indicated a con
tinuation of clear, warm weather for tho
entire belt during tho next 3G hours.
Tho receipts of cotton at tho ports for
the day were estimated at 21,000 bales,
compared with 11,807 bales last week and
27,553 bales last year.
Yoa'day'a
Close. Open. High. Low. Close.
March .... l:l.4.'l 13.48 13.51 1.1.48 1:1.48
May 111.84 12.80 l'-'.Ol) l'.84 18.85
July ...v. 12.01 10.01 13.01 lL'.M) IL',113
October ... 13.00 i:i.ir, 13.15 1:1.05 1:1.10
December . 13.23 13.20 13.20 1:1.111 13.27
January .. 13.28 13.34 13.33 13.27 13,83
Spot 13.04 13.0J
patent, t5.00ll.25: do., favorite brands. 511. rill
ftU.7.V, city mllla, cholco and fancy patent,
tti. 500)0.75; city mills, regular srndes win
ter, clear, J5.106..'10: do., stralitht, J3.40(B
5.U0; do,, patent, 5.75G'tl.
IlYE FLOUP Tho market was quiet but
steady under small supplies. We quote at
35&5.30 per bbl., as to quality.
PROVISIONS
The market ruled Arm, but thero was lit
tle tradtns. Quotations: City beef. In sets,
smoked und alr-drled, ,20c: Western beef.
In sots, smoked, 20c. s city beef, linuckies
nnd tenders, smoked and ulr-drled. 27u28c.;
Western beef, knuckles and tenders, smoked,
274028c.; trcof hams, J2847'30. pork, fumlly,
J25.rpOW2fl: hams. a. P. cured, loooo. 17V4 &
18c: do., skinned, loose. 17H W18c. : do., do.,
smoked ,18' gf lDc,; other bams, amoked, city
cured, aa to brand and averasro, lBttu. , hams,
smoked, Western cured. lS'ic; do., boiled,
boneless. .10c, ; picnic shoulders. S. V. cured,
loose. 12Wc. : do., smoked. lSVic. ; bellies.
In pickle, according to uverage, loose, 10c. ;
breakfast bacon, as to brand and average.
Ity cund, 10c, do.. Western cured, l.VsP
18c; lard. Western rellned, tierces. 14Hc. ;
do., do., tubs, 14V4c: do., puro city, kettls
rendered, In tierces, 14',4c: do., do.. In 'tubs,
14V&C
REFINEDSUGAItS
The market wait qulot, but firm. Quotations:
Extra, One. granulated, 7.tt07.U5c.j pow
dered. 7.7007.73c; confectioners' A, 7.50(0
7.53c.-. toft crudes. O.83W7.30C.
DAIRY PRODUCTS
UiirJ-.-atj i ii-siu nua iiiim uuuiiii,, uui
offer. mra wcru Uisht nnd tho market ruled firm.
to irood held. lafaUBttc.; do., do., part eklma.
II W l. , . , , , m .....
Iiu 1 iti -mo inarnet ruieu nnn unaer iiKni
r-y nrintn. 37 51141)0.
luuh (j no ICO
fano:
Quotations; New York, full cream, funcy, held,
luU'U,Hc.; spcclala. higher, do., do., fulr
recolpta, but wholesale trade as usual on sat
urdav was aulet. Uuotntlons: Western, eolid
packed creamery, fancy Bpeclals. 3-c ; extrn.
liKiac.. tlrats, 3UV30c; seconds, 2)&
119 Vic: nearby prints, fancy, 34c ; average ex
tra. 33a; firsts, 3lft3i'o.; seconds, JV(u30c.l
raritCKy prims. -u'-m;. , juuuins suics oi
'iUC.
frenh csaa wero In cood
request and llrm with supplies well cleaned
up. Quotations: In free cases, nearby ex
tm 5rtn. nor ilnz.. tlrats. S7.U.'i tier Htundard
case: nearby current receipts. $0.uuitju.7&;
Western extras, l!3c. per doz.; Western extra
firsts, 17.03 per caue. llrsts, $U,80pi.OO per
case; Uouthern. Ju. 150.45 per easel fancy
salected candled fresh eggs were Jobblna; at
i!8&Uc, per doz.
POULTRY
LIVE Tho market ruled llrm with demand
equal to the nRerlnaa ot desirable stock. Quo
tations; Fowls. 10t?20c.; roostert 12lUc;
sprlnff chickens, according to qurMKr weigh
ing 1S02 lbs. apiece. SIMHSc. : whU ..eehorna.
according to nuallty. 3oiU32c ; duoks. ,s to
Blza nnd duality, KlUlHc.: geese. UtolOc;
Pigeons, old lr pair. 2av3Up.; do., young,
per pair, 201022c,
DltUSSED Tha market ruled firm under
light receipts and a fair demand for desirable
stock. Wa quote: Fresh-killed poultry, dry
paLked Fowls, 12 to box, dry-picked, fancy
; weisnins 1'U3 ids. apiece,
selected. 22'. c.
22c: welching 4 lbs. aDlece. 22c: welahlnir H
lbs, apiece. 21c; weighing 0 lbs. apiece. lbW
20c: fowls, in barrels, fancy, 'dry-plckeu.
welching 4V4 5 lbs. apiece, 21 tic,; weighing
4 lbs. apiece, 21ttc. ; smaller sizes. 17fr20c;
old roosters, qry-plcked, Uc: brollera, Jersey,
funcy, 50&55c; do,, other nearby, weighing
23 lbs, per pair. 404245c.: larger atzes.
35W38c; capons, por lb. Weighing 81H Iba.
apiece, 27vp2Sa.i smaller sizes, 23(j2Uc;
ducks, nearby, spring, 20Q28ct squabs, per
doz. White, weighing 11W12 lbs. per doi.,
15W5 "5: white, weighing 0O10 lbs. per doz.,
t-l.80SP4.0ll; white, weighing 8 lbs. per doz.,
S3.50O3.85; dp., do., 7 lbs. per doz., $2.754j)3;
do., do.. BWOH lbs. per doz.. 4202,25; dark,
1202.25; small and No. 2, JlOl.13.
FRESH FRUITS
Offering! were only moderate and values
rnrallv ruled steady, with trade fair. Onn.
tatlona: Anptea. per doi. winesa
Kaldwln. vs ouvii.iai ureemn
navia, iLoottf: otner yariei
l.QU. Al'Mte.
Inesap. 1303.7.1:
ir. K9S.69 Hen
lea. l.nil'' nn.
:...' . iiKtZ. .n . , , .J . '.T '
mq. .lJI-jv.'"". M "7 "vern. per BOX,
1 1.25 0 1.75, Oranges. Florida, per crate, 12. Si
e?4. Orapefrult. Florida, per orate. 11.750
,l,i)U, J JCII1W4101 y li f4rV
cratePorto llfco. $2.25 2
?ei
a
rin,annl n
te l'orto lllco. 12.20 2 75. mruwuerries.
at, norm iarui.im. ..viuu,, Mississippi.
15; Tlnncssee,"12l5.
VEGETABLES
The general market win quiet and with
out Important change. Quotations; White
potatoes, per bushel. Pennsylvania. 11,160
1.20: do.', do.. New York. l 0001,10; do., do..
Western. $1.0501.10; do.. Jersey, per baiket.
No.' 1 Rose, 0573o.; do., do.. No. 1 other
varieties. 6575o'.; do., do.. No. 2, sneoc.!
do., Flotlda. per barrel. No. 1. $3.250tf; do!,
do.! No. 2, I40B, ..Sweet potatoes, Jersey,
per basket. No. 1, 45O00ci .do., do' No. 2.
25030c; do., Jersey, Delaware and llaryland,
per hamper. No. I. 75c. Oil; do., do,, No. 2.
50000c: do.. Virginia, per barrel. 11.50
1.75, Onions, per 100-lb. bag, U02. do..
Texas, per cummer crato, No. 1, ll.50Ol.00;
do., do,. Nc 8. jl.S501.S5. Cabbage, Danish,
per ton, -12.1050; do., South Carolina, per
Sit.! l4.a0O3.M. Cffery. Florida. p crate?
11.7502 35. Spinach. Norfolk, per barrel!
$102. Watercress, per 100 bunches. $1,600
4,60. Lettuce. North Carolina, per basket:
5Oo.0$2.tO. Beans, Florida, per basket" $2
Hi n. Peas. North Carolina, oer hair.hnV:
rel basket. $1.B02. do., do., per one-third.
' ".afta""
crate. V 2502.75, Badlshe,. Norfolk,
502.71
eOll. ,
Hn Ejan. ... "M4
w. .wwr. florid
Eggplant. Florida. Mr
Radlshia. Nnffiit' S?C
hamper. 5Oc0$l. Squash. Florida. p,r brat,;
12 O 2 60. Tomatoes, Florida, per carrier
KiXy. $202,75; choice,. $1 752. AsoiTalSl
per crate. South Carolina, $1 6002.75; do"
So.. CalUornU. $203; da, Jersey, per buncK
langy -,M."'-ll.rri sv v,m.. 40V2Uc.i
do., do., culls,
baik.t. $l(il
1Q015C.
9.
nrooina, per 4.D'
Cotton Statistics
NK1V YORK. llay.lS. Tha tBtlail.i --,
rv&itig&jB. v&t&Js Si,ur'-
Total vlalbU supply 4.763.03s St5.m4
A( wt,U.h American..., 8,549,030 3.150 5S
Liverpool Cotton
LIVERPOOL. May 13. Spot cotton waB
dull today nnd !i points higher on tho
basis of 8.40d. for mid-upland. Tho sales
were 4000 bales. Including 2500 bales
American and 500 bales for speculation
nnd export. Receipts wcro 15,000 bales,
Including 14,400 bales American. Tho
markot for futures closed very steady at
a net advance of ',S03 points.
NEW YORK BANK STATEMENT
Average Loans Fall and Actual In
crease in Week
NEW YORK. May 13. Tho Now York
bank stntemont Bhowed a decrease of $1,
007,000 In average loans for the week and
an Increase of $30,575,000 In actual loans.
Avorago reserves declined $2,598,570 nnd
actual, $7,114,910,
Ijoans
Demand deposits
Tlmo deposits . . .
neiervea . .
T.nanfl . . . .
Net demand deposits
Time deposits
Reserves
Increase,
llAtJU. r DC
I SI, 007.0(11)
'. ".ii n.lri nnn
10,040,(100
2,508,570
30,575,000
24,100,000
'182,000
7,114,010
ACTUAL,.
LOCAL CLEARINGS LEAD
Gain This Week Over Last Year is
64.0 Per Cent.
Philadelphia bank clearings continue
large. For tho week ending today they
were $187,837,000, an Increane of 54.0 per
cent, over the corresponding week last
year. This was by far the biggest gain
In the United States. Baltimore was sec
ond with a gain ot 28.2 por cent. Quota
tions follow:
ADVANCES ON P.ttpd
DESPITE PARADE
Preparedness Marchers Inters
fere With Traders-Chevro.
let and Midvale Advance )
- ?
NEW YORK. Mav laTOl
Broad Btrect Curb should have trtosufrfl
ments today for tho great Prepared.3
parade. While brokers ther wer entail
oritur to xccuto orders the crowd, w,,fl
continually brokn by tho frem,..,. ... iM
tlon of tho divisions In the demonEtr,iJ
"'" "luiutiiiiB ot mrgo sections htaJT
uy nomy uanus. ,
U,,M0um not be "Peeled, with thM
condltlnnn nrnvnllln. ii... . ' "Hf,
nmoUIlt of hllMni.ua r,A,',l,l t.. .., ft
at tho same tlmo tho bullish splrltwii.it'
lirnnnnnrn.l fVrnf ,.,.. i .Z. ."HMI
Wero mado. "
It was surprising to note thit 15 tk
shares of Chevrolet wero traded In. tklt
stock advnnclng from 214 to tho newnS
record of 223. Thr.ro .. . ,."
Ity also In Mldvalo Steel, which advaS
Cuban Cnno Sugar had about its an!,.'
est. uay since it appeared on tho cuts'
market, only a fow sales belnj nad
C1U to CO'i. ' i
Metropolitan Petroleum Buffered 'u
most from tho repression of buslnesi'
........ ,v o in Auu- uuinana, wun trtdine
lit 24 V. In 9ili mirsautf
Sinclair OU'rangcd from 48K to 4IU
..w .....M4. .,), iium xe-j 10 i;h(
INDUSTRIALS
Aetna UxplnsUcs
Klacnlohr Tobacco
lllsenlohr Tobacco preforrcd
AJax Rubber
Amsrlcan-Urltlsh Manufacturing-, .
Bl.Aihil
a Jit
Atlantic Uulf and WI Au
do preferred na8
Canadian Car Co , 73
U IHKk ...........
Chevrolet Motors ....
Cuba Cane Sucnr ...
Curtt Aeroplane . . . .
urlffga-Seabury
Kmerson 1'honoffraph
jmsncii oc uuraer
64
f0O
... 01
...48
...130
... 12
, 35
OH STOCKS.
Uendco Mfc ".T!"""; 27
Kathodlon Uronze pref 2u
Maxim Munitions jk
Manhattan Transit JC
Otis Elevator ,, 50
1'ecrless .Motors' sju
roolo.Eneineerlnir 55
S s KresK 1J
Standard Motors gu
Submarine 86H
Trlanslo rilm . ,. 4
United .Proflt.ShnrinT "
US Light and Heat 3
do pref 4 '
White Motors soif
world nim ".!;:; V
STANDARD OIL.
OTHIJR
Cnsden OH
Chalmera Oil 4
Inter Iet 10 J
Houston Oil 17V
Met l'et 23t
Midwest Ret 07
.Sapulpa Oil m
Sinclair Oil 48'
MININO STOCKS.
nu
Atlanta 11
llutto Copper & Zinc 7i
Ilutte New-York 2
Cerro do. I'asco 87
First National 6
GoldHeld Merger 11,
Herla Minlns 4TI
mllowo Sound 5
Jim Ilutler 1-3:
Jumbo Uxt S
KeneOck 2Mnc 14
McKlnloy-DnrroBh W.
Masma Copper 10;
Mlnea Co of America 2Ji
Nipislne St. ....... .7
San Toy 1.
St. Joseph eLad 1W.
Weat Und Cons 100
Ml
3
m
m
la
Mil
4
loin. 1015.
New York.$2.134,H82.127 $1,754,533,135
lGtl,50!t.U85
lK7,837,(l0n
a3,4U3,r,3.i
312,402,860
8t,70K,373
23,870,442
ret.
-1.1
144,1(11,1131 --11. 3
121,070,000 -.51.11
J0.107.421 .."
:70,KKO.()7 --15.3
- 2U..1
Iloston
Phllada, . .
llaltlmore.
Chicago ..
St. Louis.
N. Orleans
Seven cities
5 days.. $2,034,000,022 $2,401,375,027 4-22.2
Other cities
5 days .. 710.418,042 580,012,401 22.5
07,078,010
,u, ,., ,w,o
15.0
Total all cities
5 days ..13.045,310,801 $2,081,410,088 22.3
All cities '
' 1 day... 715,084,273 615,007,734 30.0
Total all cities
lor week.$4, 351, 304,137 , 400,513.812 24.7
FOREIGN EXCHANGE
NEW YORK, May 13. The market for
foreign exchango In the first hour of bus!.
nes3 today was quiet. Sterling Improved
a slight shade, but relchBmarks, lire, Vi
enna and pesetas declined slightly.
Strength was apparent In guilders and
rubles were a little better.
Quotations; Demand sterling, 4.75 11. 16,
cables, 6.31 ; checks, 6.32; Swiss cables,
checks, 5.94W; relchsmarks, 77U7T,
against 77 077 on Friday, Llru
cables, 6,31, checks, 6.32 Swiss cables,
5.19; checks, 5.20; Vienna, 13.35e13.40;
decline of about 25 points; Stockholm,
31G3P,i; pesetas, 19.65019.70; guilders.
U042; rubles, 3031.
BANK CLEARINGS
Bank clearings today compared with corre
sponds day last two years:
1010. 1013. 1014.
1'l.lla $41,21,532 $25.7liO,U7 $28. 1120 050
IJoston ... 33.813,288 20,003,107 41.880 883
New York.442,140,380 8U0.02U.UJ0 372 u4 uuu
New York
l'nlladelphli
lioston , ,
CblcaKO ,
RATES FOR MONEY
';!... Time.
" -i n'
wait
G4H
(Tall.
itt av
O
a
3tt4
9314
m
Reserve Ranks' Discount Rates
ver 10
10 3A
Boston . .
New York..,
Pntladelphli.
Cleveland . , , ,
lllchmond...
Atlanta,..,..
CblcaEO, , . . ,
St. LouU. .,,
MlnneaDOlls. .
Kansas City
11
10 or
less.
. 3
5
S
Over 1
up 1
Over 80 Over 00
up to 00, up to 00.
4
4
4
nullaa
San Fran.
ii
rtnaton
New York.
Rlcl
... 8
AktIcuU
Over 00
ibtladelpbla.
Cleveland . .
enmo
Atlanta.
aond
Cblcaso
St. IJIMi.
Minneapolis
s
h
5tt
anaaa City.
Pallaa
Han VniL
Conitnjrclal paper. 8 to S month
over eo to 0, t vr sat and oi so, 5
4 4
!
3tt 4
ov 10 V
m 3??
8 tt
fitt itt
8tt 4
a sit
Trada acceptances
up to do,
itt
Com.
0. modify.
?
VbUadsT
Cerro 0a
Chea Ohio 5s
Mldvalo 5a
BONDS.
:
m
i
LONDON STOCK MARKET SB
Americans Firm With Feeling Che2
fx Grand Trunks Drop
t rtTT-rM ir,... 11 CAsiteltt fit th
tiUelUUlll iliu; itfi kjsi.uiii. -- -'--jp-j
Stock Exchango were steady in tfa? wJI
loaay, iuo anoiuiuiiuo ui wu$vi. .rM
ugni, ana canniuons cusiuiuij .
-ena or tno weeic wero in oviue. a
Trio TTnma mllurnv irrniin WAS itFORf'
It was estimated that all domeatjo enloj
atnnlru iiiniilrl Vio 1-orl 11 ri1 tn Q StI Pl
-., ..UU t-aola ft tha tVrVtnVal fit t&tl
minimum prrs. Involving decllnea i or JJi
10 20 points. llioy ura uii-vt- '.jr
loss of 159 stocks In the oaisnco -
of banks and Insurance companies ,
The feeling with regard to American"
was cheerful, and they were nrru w
lowing me roarnet nv iij , v - h
Pacifies vrare buoyant, arand TfHf
dropped again. Gilt-edged Invesimeni
sues were colorless, 3
Kates tor money wero wi 17.,wB
Increased talcs of treasury bills. "eneoK
nn Pooolan hrtnn Wm fitrOnfT. B ""SeM
Ing descriptions were hard. s
There was another spurt In PnlI,,f
and Oriental Navigations. In sTnifW
with the staple, rubbers Vere easMF
nnircn-MMVNT TlflND3
2s registered 1080 ..,, iiS 'jsj
2a coupon 1030 '""lOIH W1
8-::::::::::::::Q!i5
3s coupon I?l8ij.'ti..",,,iyo3
4a reslstered 1025 """"jii
4s coupon 1025 ....... ji;i sail
Panama 2a -re steredf 1030
Panama 2s rejistere.7 JB88,,....
Panama 3a registered 1001..,.. .192
Panama 3s coupon', ,,. ......n'UJ
Taha., In T nnnnn
London. May 13. r Money. trUl
discount, short bills. ii P" J
Three months' bins, ifttomt " --
Charles J. Bender & Co.
INVESTMENT BONDS
Members Phllad.lphU Stock EfM'
NORTH AMERICAN uluu-
lilX'IIilTN'nS
xuu wfiasKWa
- rmuofi zZr.' A -e AtMmT
The Board oJR!W.W.W.lhi ArOi
a Semiannual imiiucuu hi ",!.-,- fj 8tw
!e?'BbooiUCuS.i& &
SOtb to Way Matj bverinq, TtttW
DIKKCTOUY Of COTNTASW.
, CsrtlneJ I'ubile Aerauntaat" j
Ml.f & iS&SB