jygrt!faiii..irTr. 1 ftaAwMatMififli !,,-.
JETVENlHa tEDGER-PHILADELPHIiV, THURSDAY, MAY IRIDIC;
'"-- ' -1-nrtndf n -
FINANCIAL NEWS
WALL STREET AWAITS IMPORTANT
ANNOUNCEMENT REGARDING READING
jTiro8pctS of favorable News Cause Securities to Sell
r -. gig AdvancesCommon Stock Up More Than
at
w
Up
Five Points Near the Close
High Points in Today's Financial News
Gfild santinUed to come in from Ottawa, more than $2,000,000 in bars
hmnt Yeceivtd at the New York Assay Office. Distillers' Securities resumed
dividends, declaring 1 1-2 per cent, quarterly. Shawitigan Water and Power
Company, of Montreal, offered stockholders $l,H6l50 in new common stock
J US per share. No change in present management of companies which
constitute United Motors Corporation." Price of bar. stiver unchanged in
Nttb York and London. Wall Street heard announcement plan for Reading
capital readjustment was near at hand. Common at new high and second
preferred above itar. Delaware, Lackawanna and Western sued Morris and
Ettex and the Farmers' Trust Company for an accounting of moneys ex
pended by Lackawanna for purchase of Morris and Essex. N
NEW YORK, May 18.
There are few In tho Wall street district who nro not confident thnt In a Bhort
time an important announcement in regard to Reading will bo made. As fnr back
S.S early .last March It wan Bald tn Important circles hero that an adjustment of
Reading' capitalization had boon decided on which would Include tho distribution
ef coal land qertlflcatcVand tho retirement of the second preferred stock. This was
told In this column at that time.
Accumulation ty the leading banking Interests hero which hold largo blocks of
Reading lias been continuous slnco that time, with tho buying Interrupted only by
efforts to shake out a speculative following that might bo created front time to time.
Today tho assumption was general that olllclal announcement of the plans of
tho company will bo made on Juno C, but what tho scopo of these plans Is cannot
ke ascertained, and outside buyers were busy In making conjectures as to how high
Reading may so.
fiarly In tho day the common stock made nn ndvanco of 3?i to 964, or selling
at equal to above 190 under the old method of New York quotations. Late In the
day the common stock sold up to 98, a gain of more, than 5 points for tho day.
The second preferred stock roso nbovo par, selling at 51 on a belief, partly based
on statements made by some of tho larger buyers of tho common stock, that those
hares will bp exchanged half for common nod half for first preferred, but some
Interests, asserting to have posltlvo Information, Insist that tho stock will be retired
at par. Thoro was a tliln market for It after it sold at Gl, and on a reaction tho
best bid for a time was 48. .--
The matter of segregation of Reading coal lands has been under discussion for
many years.
Atlanta Reserve Kate Increased N
"WASHINGTON, May 18. Tho Federal Reserve Hoard has approved an In
crease In tho commodity rate at tho Federal Reserve Rank of Atlanta from 3 per
cent. to 3 per cent.
BIr Extra Eastman Kodak Dividend
ROCHESTER, May 18. Eastman Kodak Company of Now Jersey has declared
tho regular quarterly dividends of 1 per cent, on tho preferred stock, 2VS per cent
on tho common stock and an extra dividend of 7 per cent on tho common stock,
payable July 1 to stockholders of record May 31.
Atlas Powder Company to Pay Extra Dividend
WILMINGTON, Del., May.. 18. Tho Atlas Powder Company has declared an
extra dividend of 3 per cent, on tho common stock, together with tho regular quar
terly dividend of 2 per cent., payable Juno 10. Rooks will close May 31 and' reopen
Juno 11.
More Foreign Gold Deposited in New York
NEW YORK, May 18. dolcl bars to tho nmount of a little moro fjian $2,000,000
were deposited In tho Assay Olllco this morning from Ottawa for the account of
J. T Morgan Ss Co.
f NEW YORK BOND SALES
1000 Alleahenr "Val 4a....
2000 Amer Cot OH Sa ...
819S0O Anilo-Fr fia
88000 Amer Smelt Sec 0a
TOOO Amer Tel clt -la
13000 do conv 4a till
26VO do cvt 4a 107
101 Amer Dock Imp BS..KI3
13(0 Amer Threat! 4a lis
S30O Atchison ren 4a 0:1
BOOO do ad 4a Xr.H
4.00O do Ariz 4tta Its
7000 do cv 6a 1B1T Id li
BOOO do Trans SI,li .. lil'I
2000 Atl Knox ft Cln 4a.,.. 8A
4000 At C U lae 4a ....... Dl
J 4300 Bait A O 3Ma 03
700(1 do 4a 01U
40OO do rv 4Kb 05
17000 do Sa 100
1000 BtO Swn .IHa ..,.., DOS
17000 Beth Steel 1st Ba.... 1(134
42.iO do rid Sa lOl'i
:m0 Hrook RTIa ........ 1031
Con CCU sen 4a .,,..,.. 80
1W0O Cal Oaa & Elee Ba.. . 8i
eaooo Can Oor Co w I 1020. . DO H
J0000 da 1031 ...100
2000 do 1021 . ... OOIi
17000 Cent I.eath let Oa.w.102
7000 Cent Pac lat 4a . .... 81) li
4000 Cant Cla cons Sa .....100H
7000 Cent "Vermont 4a ,.,,, 83
BOOOChtU Conrwr Ta...;.,13() .
2000'Chea & O n. & A 2d 4a 82
100O qhea fc Ohio fia 1035
100O Chi & Alton 3a Bll
4000 Chi & Alton 3Hb.... 40
eooo CM Ut Weat 4a.... 71
?iou cm Nm Da.,
000 Cht 11 & Q Joint
iuw um u a. w pen 18... . y-u
2000 CM U ft Q 111 4a..... 1ISH
jmni uQi a west ina a., ii
1BUOO CM
11000 CM
sooo chi
nooo Ch!
102OOO Chi
107H
103(4
.'(14 .Ill's
t. lni (J
mnn v ,t. i, t, "J.??.- Lw. Clo??.
.oo,.vcrcnmffi"r.:::iii
:i!ion Va Itwya n a:
1000 Wnb-P lt ct n pd ... 31
nooo Wnb-p t lat ct iii .. :i
70(10 JVeat R tc M nbtea Ss 101 "i
-', ..nu ,, eav ml iH .... 7;
101
IIS
34
J".!!'.! w.CTt B it cv 3 wl'lSOS
-uuu iveai unora in , 1)1 1;
101
OS '
34
3 3
lom mi?;
72 72
120 1211
111 oi i;
101JI
10314
10000 Co!
it 4a.. DU'rJ 118
48..,. OJ.1 112
a HSit li$t
A 7T TT
II iSI P 5a.. 107 107
Mil 4S1P sen 4b 02 02U
M ic s p rflv J ir'l: n't
1111 ft St P 4a 12S 04 II4K
M ft St P cv 4H. 100 looii
SOOO Ch) Mil ft P B 4a,.,. DO1
.
Midland
0000 Col Industrial Sa.,,
1UW lUI
6000 Col
OK
7
Midland 4a " . 77
I A Hnnth 1 m ... . tinU
14000 Col, i Houth V, H4
1000 Comp T ft It Oa 83
10S0O Cona Oaa cv Oa.. ...121
jsuauu uei & itua conv 4a...iU7
n
07V
-loo
. 7H
. 08W
, 113
"It
. 74
. -loiJ
17
83
1000 Del ft Mud rfd 4a
300O Dl ft Hud 4a 11118.
800O Den ft Rio Or 4a...
23000 Den A Rio Or rfd Sa.
300( Detroit Tunnel 4J4a,
2100OO Dla gecur Corp Sa. . .
1000 Krla een 4a
400O Krio conv 4a Her A..
600O K'ria conv 4a Ser II..
-,1Wt V.ln -.- Jk
uvi u(i. ia iui -.m ........ 00
0000 Krlo'conv 4a Ser I w I 8(1
ouihj urcac raua conv na ..iuuu
1000 Hud ft Man rfd na. 70U
1000 111 Bteel deb 4i... ' !I0
8000 Indiana Steel Sa 102
v 1000 Iowa Central ref 4a.. SI!
4000 do 4a 11)52 . ...... 80
jOOll do 10S3 ........... 81!
'10000 Interb Met 4H 3H
11000 Interb It T ref Sa OnJJ
43000 Int Mer Mar ct -1 a. . 102'r
100O0 Jnteml Paper cvt Sa. . HO
2000 Jap Jat 4Vt -..i 84
SOOO do new II 8 4Mb-. 71) J
SOOO do new 4Vaa ...... 84
1000 Kentucky Cent 4a 88
SOOO Lacka Hteel Sa 11)50. . 02
1000 Lah Val of N Y 4Ha 101
SOOO Lur ft M T Sa 101
2000 do 7b 12.1
10O0 LorlllHrU Sa 1110
SOOO do 7a ,,,...12lH4
rtwu aiannaiian im uz
Oil
1)3
2000 Mo Kan ft. T lat 4a. . , 7(1
l(HH do ext Sa 411
onuo do 4 a . . ,, au
12000 Mo Pao- ct 4b 40
170041 do ct ata 4a ... 44
8(100 da guar ct at Sa '20. 88
200(1 N V C li H S(f 7SII
tYiWM N Y C t H B J14
finOll da 4Mb.
10OO da eq 4b 1823.,. 100
SOOO W V Chi ft at I. lat 4a 04 tl
JKHI (-11) -9 4V.1I ....IIMI
7000 do 4a 13.. 100
nooo do 4 a lDOQ , ... 1112
iwiii no V9B Alay fia
2Q0O do 4 a Noy il)JI
SOOO hT Y Oaa It ft P 4a.
0000 N T Hay ret 4
ouuu uo aaj aa.
84 84
88 88
112 02
1(11 101
125'
1000 Minn ft at I. 4a.
SOOO Minn HI J! B8 M 4a. .
3000 Mlaa Ccn Sa
lbi4i
125
100
(1(1
1)3
2
711
JOOO H Y.Tel ea 4Ue 8
SlKHI NKW C A II i'lm 7SU
HfUUI Kfnvf M. W.. ( tttil
i
BOOO Norf ft "Weat 4a
loOO da I'ocahontaa 4a.
MOO Nor Pao prior 4a-
000 do ren 3a
SOOO Paa Coaa lat Sa -.
"oao-panna 4a I81S ...
IOOO do ltf
1000 do sen ct 4a ...
BOOO Vcnna Sa
SsiuOO do ca 4 a
1000 Providence S 4a .
MOO Pub H.p X J Sa . . .
SOOO Red Ir ft S Sa
IOOO Kork IalaBd 4 as
aWOOOt) da rfd 4 , . 73
17000 do Sa . . . . , . . . B7
-oouu m b a Jr r ct ata 1 1
loou ao bid. ct ata. 4 . .
1J0O0 do ct v
1000 Bt Lenla tfwa con. 4a
fXW do 4 8 F A w i
B3000 do bus ar I . . .
SlSOO ila nilj w I ...
10000 da w I
swtti tana aiiiim e . .
S600 auud, Gaa .
00 Soab A 1. adj S
SvCUO Saulta Pac cv Sa
SOOO do rM 4a
24060 South liwr R 44.
1000 do. it ft a 4a
1000 Fwrt -U ...
1000 Txa. ft Pat lat Oa
MMMt Txa W t M
UMO Third1 ave ref 4a
i04 do 4j Ha
IOUA Tlisld Sj ..
U M SUt rf B
Ha ttrtf 9.
Uotwi I'M W 4
A (. ia ... .,
WHEAT WEAKENED;
LONGS LIQUIDATE
Bears Show More Courage Sell
ing is Urgent Near
the Close
forr-
VJ
1(1
1M
78 78
o tn
I W 88
88 88
75 7S
113 114
l B-l MH
U4 lilt. uilZ
loou innu
111 01
KM) 100
loo 100
102 102
u iui iui juhv
allH tol i'H Jy -i
7SJf 7M? 78H OaU
Silt in ay
wo7 VBH JUiy ,
75 7a flen(mhir
n lit a.II -ar"- -t-
.. K 80 80 M TT.
.. 2 B2 2K yJZ
52fi S!$ SS' September
?.9... "5 .. nibs
. . auvj vvfe Mar
.. 80 1)U !) J
..101 101 101
..103 103 103
..103 105 103
-.70 70 70
. . 2 01 V2
. . B8 98 OKU
83 K.1U
74 75
01 V. 07 lj S7
60 GO BO
02 2 2
69 9 09
40 89 3
73 r 74S 73
la ls iu
03 .
.102 102 lt2
97 HT C7
104 IOIJ4 104
t ao 60
, 7tS 1 7t
J3 73RU T3
, 01V oi S 01
as as us
1 (.5 lax 1 n.t
. SS 1 s
., 70 79 79
103 IM 103
HUAIN 1IKI.T U'R.TIIER rilRECAST,
viiiuitiiu. jiay 18. The urathrr
cat far nn fim.r. rii-IT "r,u,,rr
nhi!r"ivlilirJ:",iSr?!l.r alr nlshl and nrob-nbly-lrlduyi
Hllslitly wurmrr Friday.
,1vV".''.Jj;i:i7;lnrf,y clou?)r tonlsht und Frl
uay: uroliuhly hhoirrra In -ntnti warmer In
north und wnt tonlaht and In eat Friday!
i. iX'sconaln (irnrrnllj- fair tonlrht and
l'ridayi not mwli chance In ten!ierature.
.tVll.'n.nf0,a ? urt,' Tlondy tonlaht and Frl-
ttI2JHrla ";,"( oth Friday.
i",i?iTl ,ly ""("Ir,: . nrobiiblr nhowera
tonlsht. ' ,on,h" "llsbtlr warmer
North Dakota Partly, tloudr tonlsht and
en.t' FrUtay. r unM"1"1 zrt warmer
South Dakota Unne tiled, with ahowera
Friday: probably untitled In raiith central
tonlshti Horaewhat farmer. In eaat tonlsht.
.ir,bra'lk!lihov'rr. tonlsht nnd Friday)
alnwly rlnitiE. temncrature. "..
Kanaaa jShonrrM tonlsht and probably
irlday; alouly rlnlne temperature.
CHICAGO. May 18. Mora courage was
noted among the bears In the wheat market
today than In some time, and tho tone was
weak. Important longs cut down their lines
because prospects for an Immediate advance
did not appear to be bright.
Toward the close liquidation became ur
gent and prices sagged rapidly, reflecting
better crop advices and a lack at outside
support due. It was believed, to rumors ot
peace that have been circulating for sev
eral days.
Unfavorable crop news was not lacking,
but It failed to help the demand. Higher
temperatures were predicted. Bears In
sisted that the outlook In principal pro
ducing sections of the winter belt were not
as bad as had been painted and asserted
that conditions In the Northwest would Im
prove with warmer weatne"?.
The market at Liverpool was easy, and It
was stated that no apprehension was felt
there over tho absorption of cargoes from
Argentina and Australia by the continent,
th United Kingdom's receipts being liberal
with large reserves In Canada.
Corn also weakened after having ruled
compartlvely steady. The market nt Liv
erpool was easy and the 'outlook for the
oyi here better.
Oata suffered with the other grain's. Gen
erul trade was not large. Prices abroad
ruled firm.
leading- futures ransed aa followa:
Open. Hlsh.
IrfiW.
VralVi
iuMt. close.
ffiy :::::: i:15jj .:,3 !:!2WtH51ii
3SSbHii; J:MLl .!: H:K8
v , "T.1T J.' r--..
'138
74
73
72
74
48
43
311
..12.82
. .12.02
15
30
12:ti0
13.00
aovj
;43
t43
t3U
. 12.117
.U.hO
12.87
12.87
12.U3
ulv
September
May JM.00 24.03
July 23.42 23.57
September. . 23.2U 28.27
Uld. tAaked, Nominal.
73
72
30
liff?!?:;
12.87 U3.
112.85 112.83
12.82 fj2.J
I12.U2 J12.7J
2.00 1 12.77"
DO "12.73
UU 112.87
12.77 112.85
12.80
2.03
.1
73
23.93 '24.00 t24.00
23.42 23.37 23.40
23.20 23.27 123.20
New Wilmington Company
POVER, De!v May 18-The Kelsey
Process Ueftntng Company was incorporated
today, capital 12,500.000, to purchase, sell
and treat ores, minerals, etc., to lay pipe
lines, gas mains, water ma(rui t The In
corporators a,re 'Wilmington people,
1 IB" I '
A. C. L. Increases Dividend
NEAV YORK. May IS. The Atlantic
Coast Line Railroad Company has declared
a semiannual dividend of 3 per cent, on
its common stock, restoring that Issue to 4
6 per cent basis. In 1916 the rate was
S per cent and iq January of tlu year a
semiannual dividend of Si per cent, it
was stated In 19U to 1914 inclusive the
mfe, was T pr cent, while for 1910 ajid
13J4 it wa t per cent ,
New York Stock Safes
Low Close.
10 10,
OH ok
iS 23
82M S3-
OSH 68'i
08U 0S
74 74H
5? 67H
urn 112
01 01)(
117 117H
168H 150
62!, MM
BO CO
C9J 71K
8!1 8H
00 09Ji
IV2H 114
Last rlooo Hlsh.
Adrsnee Mumel; . 20 10
AlartaiMoMM ojf OH
AltK-Chalmerj Mrit 28 2S
ATUs-Chal Mfj pf 83U Kilt
Am Ak Chtmlcsl 09 C8W
Am Ag Chcmlcai pf 5HW OSU
AmlleelSugaf.i. 73Ji 74!
Am Cm C7 68K
AmCsn pf ....illjf 112
AmCat&Fdy OOJi 0H
AmCar&Fdypf 110 117H
Am Coal Products 169 ICO
Am Cotton Oil 83 C2)a
Am Unseed pf CO CO
Am tjcomollre. . ....... OS' 71X
Am Malt Corpn 8!f 8X
Am Smelt ft Hef , 09H 095
Am Suear Itcflnlna .112U 114
Am Tci ft Tel J28U 128H 128H 128H
Am Tel & Cable ...00 CO 00 00
AmTobarco .,203 202 201 201
Am Woolen 45j 40 45 40
Am Woolon pf . 08 0854 OSH 985.
Am Wrtllne Paper pf... 10)4 10 10 19
AmZlncL&Sm 89J4 BO S9' 00
Anaconda Cop M. ...... Klli 84H & Mi
AtchTop ft H P........103K 101)4 lttUi l&IM
Atch Topi ft S P pf 100X101 101 101
Atl Coast Line .....1I1X 113X 111X 113),
Ilald Loco Wks 87X 88)4 87)4 87X
Bait ft Ohio,.,.,.. 89 00H 89)4 00)4
llatopilas Mlnlnij. . .,,.,. 2!f 2)4 2)( 2)4
Ilrooklyn Ilap Tr ,.80 8054 SOX SOX
Dutte ft Superior...,..,. 01 01),' 03X 0O4
Cal retroloum. .....23 23 23 23
Canadian Pacific 174 177X 174)4 170X
Caso J I Th M Pf 00 83 88 8"
Central Leather C3)4 CI 63, C3!i
Chandlor Motor 05!f 07)4 OOJf 07
Chcj ft Ohio,..' 02)4 .03X 02)4 03X
Chlno Coppor. C3X 634 03 C3
Chlcaco at West 13)4 13) 1354 1354
CM Mil ft St Taul 00 07)1 00 07)4
Chi M ft St P pf 120)4 129X 120X 129J
DOG&StL 49X CI CI Gl
CM It I ft Pac 1954 19X 10)4 10J4
Cluolt Poa & Co 7454 7454 73!4 7354
Col Fuel ft Iron 43X 4314 43 43
Col ft South 1st pf CI CI CI Ct
Consolidated Gas 13 Uf 137)4 135 137
Continental Can 89 01 SSM 01
Corn rroducU Hef 10)4 10X 1054 1054
Corn Trod Kef pf 05 95 95 05
Cruciblo Steel S4X SOX SIX SC)f
Cruclblo Steel pf 11C54 11034 110 110J4
Cuban-Am Sucar 23554 234 234 231
Delaware ft Hudson 162X 163)4 1G2X 1C3X
14 1354 1354
27 25)4 20
114)4 114)4 114X
G3X 52)4 53
2754 27J4
01 G4.X
37)4 3854
53 51 X
40 47
110 110
173
2SX
05
38)4
G4X
47
110
S2X
17)4
10)4
40
4054
2554
91X
89)4
20J4
01
75
G5
70X
SO
49)4
20
30
MS
Denver ft Rio Or 12
Den & lllo Or pr 25
Detroit Untied Hys 115
Distill Sec Corpn 6254
Domo Mines 2854
ElecStoraio Bat 00
Krlc 37)4
Krlo 1st Pf 6254
Krio 2d pr 45
Gen Chemical pf 110
General Electric 170X 17454 171
General Motors pf 117 117 110)4 110)4
Goodrich B F 77X 77J4 77 77
Goodrich n F pf 115)4 115)4 116)4 115)4
Grecne-Cananca 4854 4SJ4 48 48
Great Northorn pf 12034 121J4 120)4 121)4
(It No cfsfororo prop.. 41 41)4 41 41)4
Gulf States Steel 75 7554 75)4 75)4
Gulf States S 1st pf 05 05X 95X05X
Gulf States S 2d pf 7554 77 75'4 7054
Homestako Mlnlnc 120)4 12354 123 123X
Illinois Cent 10234 10254 102X 10254
int Aencultural pr 50)5 50)4 55)4 55JS
Int Rarv Corpn 81
Int Con Cor v t c sh... 17
Int Paper 10)4
Insp Con Cop 45
Int Nickel v t cfs 47
Int M M c ofdep 25
Int M M pre or dp.... 01)4
Jewel Tea 8854
Kan City Southern 2054
Kan City South pf 00
Kelly Sprlns Tiro 75)4
Kcnnecott Copper GO
Lack Steel Co ",i
LehlBh Valley 78M
Loo Rubber Tiro 49X
Loose-Wiles Biscuit 19
Lone Island 29)4
Lorillard I' Co 205
Louis & Nash 129
Mackay. Cos 85
Manhattan Shirt Co 01)4
Maxwell Motors SO
Max Motors 1st pf 00)4
Max Motors 2d pr G8H
Mexican Petroleum 109
May Dept Stores 02
May Dept Stores pf....l09
Miami Copper 30X
Mo Kan ft Texas 4)4
Mo Kan ft Tex pr 10X
Missouri raciric 0
Mo Pac tr cfs 5J4
Montana Powor 79
Nat Rys Mcx 2d pi 7X
Nat Knam ft S Co- 24
Nat Lead Co 07)4
Nev Con Cop 17)4
New York Air Brake. ..13454 13154 13154 13154
NYNHftH 0034 02)4 0H4 02X
NY C&H R 105V100X 100 HIGH
NY Oft West 27 284 27)5 2SX
N Y C ft St L 2d pr..., CO 00 00 0')
Norfolk ft Western 12434 12034 12434 120
North American 0S)4 G9 08X C'.l
Northern Pacific 113 11354 113X 11354
Ontario Silver Mln 9)4 934 934 934
PaeiflcMall 24 21 21 2!
Pacific Tel ft Tel 30 35 31 31
Pacific T ft T pr 0355 97H 07)5 07X
Penn Railroad 57 57X 57 G7)5
People's Gas CM 101)4 10134 10U4 10134
Philadelphia Co 41X 41)4 41 111
Tltts Coal Co N J pr..,103X 103)4 103)5 103)5
Pitts CO&StL 80 81 81 81
Quicksilver...'. 3 3 3 3
RyStcelBpCo 40)4 41)4 4134 4134
Hay con copper 23
Reading 03
Readies 1st cf 4234
Readlm:2dpr 4734
Republic Iron ft S 4835
Republic Iron ft S PL..110 110J4 11034 110J4
St Louis Southwest 17 17 17 17
Seaboard Air Line 17 1754 17 17$
Seaboard Air L pf ,.39)4 40 39 39M
Sears Roe ft Co 183K 182)5 182)4 182
Shat Ariz Cop 32H 33 33 33
Sloss-Shef 8 ft 1 55 55 04 01)4
tsoutn rorto 11 sue 2IK 21a 212 212
Southern Pacific 0S3J
Southern Ry 2234
Southern Ry pf.- 0(5 X
Standard Milling 102
StudebakerCo 140)4 14154 140)4 14134
Texas Pacific 11 1134 10X 11)4
Third Avenue 0154 01X 01)5 01H
Union Pacific 13554 137)4 130 137
Union Pacific pf 82)4 8234 8234 8234
USIndAlcnol 150)4 15734 150X 150X
united Fruit 100 101)4 100 100),
UBKUDOer 6-Ui &5j 65
U S Steel Corp'n 81 8434 8434
U S Steel Co p'n pf 110J4 11034 11634
U S Sm R ft M ,70)4 77 70
Utah Securities 17 17 1034
Utah Copper 7D!t b0)5 e0)4
Va iron ft coal u,..,,.. 52
Wabash 14X
Wabash pf A 47)4
Wabash pf B 27)4
West Union Tel..,...,. 01
West Eft M ,., 0234
Western Maryland...... 3134
Western Maryland pf... 47)4
Wheel ft Lake Krle -. 4)4
82)5
17
10)4
45
40)4
25)4
0134
80
20)5
01
75
05
70)4
70
49)4
2J
2934
208
129)4 130X
85 8534
04 GO
JO bOX
SSW S8J5
E8H 5834
108X 108)4
02 G2X
10734 10734 107)4
3G34 30)5 30)5
4
10H
0
. 5J4
78
7)4
2,1
08
1734
8-1)4
17)4
1034
45)4
40X
2034
93)4
80)4
27
01
75
G554
70)4
8054
49)4
20
30
208
131
85)4
GO
87
8934
59
11034
G2X
434
1034
0)4
0)4
78
734
23
OS34
173,'
434
10X
OX
5J4
78
754
23
0834
1734
23
99X
4 IX
51X
49X
2235 22J4
93 0934
44 44X
47)4 51
4814 4834
09
23)4
69
10331
08)4 bO
22) J 2335
0034 07J4
10334 10354
Wheel ft L K 1st pf. .
Willys Overland
Willys 0 pf s r f p
01
16
48
28
0514
0234
32)5
40
4J4
rr- 14X
50
1434
47)5
27X
04
01)4
31)4
40
4
14)5
.263)4 2112)4 255
05
8434
11634
76
1635
80)4
51
1(5
48
8
04H
62)5
31)5
40
4
14X
253
...10634 10634 100)4 lOOX
WoolworUiFW 134 134)4 134)4 134)j
Quoted ax dividend.
LOCAL MINING STOCKS
TONOPAII STOCKS.
aw;
Aalted.
Jlm Butler ,..,..,. 1.01 1.03
MacNamara, ,12 .14
Midway 24 .27
Mlzpuh Kitenalon ,. .29 ,81
Montana .....,...,. ,33 .35
North Star ,19 .20
Tonopah llelmont 4H 4.
Tonopab Kitenaloo (IS U
Tonopah Mining- Oft 6i
Reacue Eula .40 .SO
Weat End ,. 1.00 142
UOLDFIELD BTOQKS.
Atlanta 13 .14
Blue Bull ,....,..,, -.03 .04
Booth ,.. .21 .23
IlullJoe ,.,..., .01 . .02
OO U .04 .04
Combination Fraction .,..,.... .08- .10
niamondfUld U U , oa .07
Dalay , .04 .08
Florenoa 48 .SO
CioUAeld Consolidated 01 1.00
csoidAeld Merger .13 .14
Juuidq (Oxtenaion 1.03 1,0(1
fawanaa 114 .13
ro , .04 .03
midatorra Kendall ,.,... .0(1 .01
Silver PUU , .. .OS .10
1 MISCELLANEOUS,
Fain? Altec ,..:..... .01 . .02
Klmherlr- 02 .03
NDVttdi H1U , 20 ,22
Nevada Wonder 2.83 3.40
BAR SILVER
London bar allrer u quoted at 33id.
titilia neil
Coramarelal tet ilhir waa quoted today la
Kw &rk at ''Lii., nn .11411 j.
Tn
today.
GENERAL BUYlNfl CAUSES
JOMMN MTTON PRICES
Offerings Large, But Not Sufficient to
Meet Demand
NEW YonK, May 18. Thero wnn n
vrnve ot Renernl buying nt the opcnlnB on
the Cotton ExchangA thl mornlnff, nnd Hie
market statted bttoynnt. Drlcea being 9 W
14 iiolnts higher. OfferlnBS were latga but
hot of gnftlelent proportions to taJto enre or
the -demand.
There was purchasing by mills on n mm
stantlal scale and some forced Bhort cover
ing. Commission houses had buying otdei-s
and Liverpool tool: July and October and
Hold January. Wall street houses also sup
plied somo of tho late months. '
The market was Irregular after the first
spurt of active general buying. The ad
vance Into new high ground for tho move
ment on old crop deliveries and to within
8 or '9 points, of the recent high on hew
crop months attracted n great deal of real
Ulng. There may also have been some
selling for a reaction, put offerings were
well nbsorbed on a setback of S or 6 points
nnd tho market was steady nfler 11
o'clock. ... ' ,
The receipts of cotton at tho ports for
tho day Were estimated nt 18,000 bales;
compared with 20,100 bales Inst week, 7C29
last year nnd 9221 bales In 1914.
Yesterday's 11 12 2
rlnp. Onen. n,m. m. p.m.
13.47 ..... ..... 13.00 .....
J.I (Ml .... I 4 . .
m.in 13.21 i3.iT
13.28 13.21 13.'
March
May ....
July. . . . .
Oriober .
December
January
August
'in
lllil,
, 13.0S
. lllild
, 13.30
, 1:1. :i I
..13.17
13.41
13.44
13.111
13.23
13.M.S
13.42 13.11
FOREIGN EXCHANGE
NEW YOIIK, May IS. Tho only featur
to the foreign exchange market In tho first
hour of business today wns strength In
sterling on n moderate volume of business.
Tho general market was" very dull. De
mand roso to 1.7GU and cables were quoted
at 4.70. Thcso are the highest figures
established for sterling oxchnligo recently,
and nro due to the gold Imports. Other
quotations were: Kranc cables, 5.92, checks,
B.92Vj; relchsmarks, 76 t.16(iJ7G 7-1C; lite
cables. 6-3.1, checks, 6..11J Swiss cables,
B.20VJ. checks, fi.21; Vienna, 13.305? 13.35;
Stockholm, 30.6Gj30.7B; pesctns, 19.70
19.76; guilders cnblcs, il'i, checks, JlC's;
rubles, 30.70 (ffSO.SO.
In the early afternoon sterling shaded
i, losing H of tho gain of tho last two
days, whllo relchsmarks took a firmer turn.
The other market was not appreciably
changed. Quotations: Demand sterling,
4.7G; cables, 4.7C. ! relchsmarks, 7Ci nnd
"7. The last-mentioned nre now approxi
mately at tho highest of this Immediate
movement. Tho gencrnl market was very
dull.
RATES FOR MONEY
New York . .
Phllndelphl.1
Boston . . .
Chlcneo . .
3 3k
34 04
Tlmn..
l!3t f 314
s S.,
1 fli
ELKINS, MORRIS & CO.
BANKERS v
Land Tit to Building
Philadelphia
Syracuso Light & Power. Co.
Collateral Trust 5s
Due 1954
Company Controlled by the
United Gas Improvement Co.
Price to Yield About
5.75
Desirable Investments
Wo specialize in the conservative
bonds of well established cor
porations supplying electricity,
firas, transportation and other
public services in crowing com
munities. Many of thcso bonds
no
Free of Taxes in Pennsylvania
(ft. list of those now on hand will
f furnished on request.
Edward B. Smith & Co
Established 1802. '
. BANKERS
If embers A'eio York and Philadelphia
Slock Exchanges
1411 Chests dt Stbect, Fuiudelphu
80 Fine Btbeet New YoaK
BUFFALO & SUSQUEHANNA
RAILROAD CORPORATION
First 4a, 1003
MELLOR & PETRY
Members X. V, & l'hlla, Htock llxcliunsea
336 COJIJir.KCIAI. THUST IIUILDINO
INVEST IN MORTGAGES
AT 5.4
Recommended by
BEN T. WELCH
1328 Cheatnut St.
Barnelt Oil & Gas Co.
1IOUOHT SOLD QUOTED
Write for special circular JYo, .
E. H CLARKE
InreatmcDt Seeutltle
7 WHIUtn Ht. New Vorfc City
( I
RilAZffiR 6 Gx )
INVESTMENT BANKERS
Broad & Sanjotn Streeti
J
DIVIDENDS
t THE AMKK1CAN 1.S COMl'AN'Y
104 Market bt.. Camden. N J,
May 1U. ID 10.
A1 quarterly dividend ot S. or K.OO per
khare. haa Ixeo dec and on tho wnltal atock
o th' Compiny. payabla Juoa let, 1918, to tho
atockboldera oi record at 3 o clovlc p. m.. May
lTlh, 191U. Check wilt be mailed. '
' J. B. TOWN8END, 8d. TrtaWr.
SIREOTOBY OV ACCOUNTANTS
Certified Tutlle AetounUata
4
LiVWHENHE
MIS uyj,lr JMfA'
E. BROWN CO.
Sales in Philadelphia
llleh
100 Amer tn . . . TOH
21 Amr nwy rret OS'i
Ifl UnM Jjofa HS
S3 Hurt ft R09 t c. IWV4
107 dn Bret .... nn
233.1 nieo Stor
ino nist Set"
J 10 nrle
5fl Den An .....
K) Int M M pr..
300 I.nkn Sun Corp
flld IhlcH Ny .
(10 j. V Tr pr . .
n Mlnehlll
100 Nev Con
tH Pa Rd. .......
71 Pit Salt Mr . .
.10 p 811 prM ..
m Phil Co cuirt p
BS7 l'hlla DlPC . .
1M0 V It T tr etf
20 Phil Trae . . .
2rtsl Hemline ......
9(H) do lat pref
251 do 2d pref ,
30 Sa Rwy
ftQIl Tnn Ttpl ......
200 tfn Pno . .
110 Un Trno .
ir.s V O I ....
smvtr s steel.
mirnvest Md ....
40 War Ir ft St
lo Wm . Crnmp .
1.-.3 Vork Rwy ..
KX dividend. nQNDS
Hleh.
1000 Am On a A HI Bs 1)3
2000 llcth Steel J1S..12I
AIM) HI & Peop Tr. 4 80,,
looo Key Tel-tt T.a .IiSli
inoo lh Vnl con, 4s 2t
(1000 I. VI) r(t 4Ho,1ipi)H
o.n M.l I'mn (Tn (In 70
""' !" "..T" ..i
I.OW
Ton
R8H
US
r,o
osvi ouj
ss nsij.
32i M
71. 71
92ji 92 ,
10 J
77 7d
SOU 7H
43M 4S
117 BT.
17U 171
tV7 J1
I00W loo 4
9S(i 9Si
43 13..
27T 27
17H 17
7(1 7(1.
99U 92';
41 44 4
r.iii 4V
2.1 23
4 4"n
.... m.. hM
32'i 32)4
13
Ml
13
tttl
Close, cfiir.
S7 2.
OS'S 4H
3SH ,
32U ti
7t 1H
92 a
-"" T.
RO
43
17li
,37Vi '4
loo;
8H'
43
70
99U
44
noj
Un.. -, i.
137 ' 1)
42ji i
87j4 !i
SI
32l
. a.ij
iv;t , . . .
13;; Q
1
n.
I tit?
;.
0 it 44a...lola
: M St (la.iuil i
Co ran r.s. HP.i
400(1 Pa Co
r.oo Pa A :
limn lhll r
urn i'nna i.icu la.ii n.
3000 do tin, ,,,. ..111!
31000 Rend nen 4a.... 94
looo stnn a & n n. 1.(12
looo Ho Ity cons T. .101
10000 Un llya t o 4 74
Ijiw.
93
121
NO
98'
92 j:
loo'-
IlK'l
inij
j :
llllt
K3
l()4',i
94
10214
Cloao. ch'ce,
.113 .....
121
Nil .1.3
.SSI! 7 S
iti;
4-
Vra
&7
PUBLIC SERVICE
SECURITIES .
J'nbtlc Service Securities arc a Hen
on the success of communities.
G, Luzerne County -Gas & Electric
Co. 1st Mtge. Ref. &? Improvement
5 Gold BonJs.
C Are an atsolute 1st Mortgage,
excepting $23,000. to retire wlilch an
equal amount of this issue is reserved.
C, The Company is making rapid strides
in the very fertile territory surrounding
Vilkcs-Barre, serving a population of
143,000. J
GL, The American Gas Co. acquired
the property in 1908. since -which they
have expended $1,116,260.09 on it.
C, Free Penna. State and Normal
Federal Income Tax and nets at present
prices 5.20
Baker; Aylirvg & Co.
Laid Title Bldg. Philadelphia.
.Stronger
Investments
The wonderful prosperity of the
United States lias so increased
Ihc earning capacity and the
assets of many of the companies
whose securities wc reepmmend
for investment that, while these
securities can Mill be purchased
to yield a most attractive return,
they arc intrinsically stronger
today than they ever have been
before.
For example, we Invito requests
for Circular No. Li-177, which
Ue8crlbca)n. str6hg first mort
gage bond yielding over flve
per cent,, tux free In l'enna.
A. B. Leach & Co.
Investment Securities
115 South Fourth Street
riillmlelplila
New York Clilcngo Buffalo
Hoston I,ondon. Knff. BalUmore
English Bntik Statement
LONPON', May 18.-Tho weekly state
merit of tho Bunk of Enstand show the fol
lowing changes' Total reserve, 43.872,
000, Increase, H8fi,000, circulation, 34,.
070,000, Increase, i2l,060 bullion, 0,
093,000, increase, 181.000 1 other securities,
79,879,000, Increase, 470.000 i other depos
its, 78,883,000, decreane, 4.868,000; pub
lic deposit., 60,046,000, Increase, j,813,
000 ; Government Securities, 88,187,000, un
changed. The Droportlon of the banks re
servo to liabilities Is now 81. BO per cent,
against 81.40 per cent last week nnd com
pares with a decline from 21 per cent, to
20 per cent. In this week last year. The
clearings through the London banks for the
week.wero 288,680,000 against 296,390,
000 last Week, nnd 238,617,000 In this week
last year, .
May Circuit
Mttnlcipnlt
Yielding 3.8d4 w
Railroad '
-Yielding 4.23-4.S
Public Utilities
Yielding 03.5,tB
Wat Of nb0T bona n,tr.
Tax Riempt tMMt.iZtJl
htiMf for Cln torpg."
iN.w.nalsev&
iiti ri,..i..i
New Tork CMcHeo
B- VhltaaVbaa:
res
s.ni
Robert E. Kemerer
.Member .Sluml.ird .Slock Kifliancr, Toronto
696 Drexel Bldg., Phila.
rhonrs: T-onilmril 3033s .Main 31.13
Dlrert I'rhnlo M'lro lu New York .Markets
unit Toronto Mnnuard titock Kxclianire
Neiv Vork ,
23 llraud Slrrrt
Toronto
108 Hay Street
The Up-to-the-Minute Bank
having $40,00(3,000 of resources v
occupyino: its uiiiouc nositim,
tlie very heart of the wholesale 1
iiauv;, yv. willllll SIX mintltCS Of
all railroad terminals. It is not
merely a place in which to deposit
money, or from which to borrow
but a centre from which sprW i
aVI.CiO tWJl
welfare
the general business
1
I
isL
There could be no more satis-, i
factory home for a bank, with'-i
light", ventilation, and comfort :)
-.v,. v....v .o. v .uui-jiuiji uuilU- '
mg with about 25,000 square feet t
of floor space. Magnificent vaults' 4
and fire-propf filing cases. Every
modern device; self-operating clc-f
vator; pneumatic tubes to every I
department; lock boxes in which Jf
'. each renter actuallv makes hie. .
't- .own combination, with individual Vl
-,; .ker, impossible of duplication. '-';
T ' ' In use here are the Burroughs $
)'. Ledger posting maciiines, comp--
r. tometer, coin counting ;md coin"?
wraonincr machines. Edison di'A.?
tating machines, Elliott-Fisher
., .billing machines, Ellis Adding,
? Typewriter machines, together ?r
with Burroughs and Wales
" . adding machines. ' ,:
s ..- Addressograph kept busy at..
. all times. Anioig other wprk it'
" does is the addressing of wrap-1
pers for our "Advance," which 1,
h a s a circulation of 15,000;
monthly. 'A
In the department where most
of our printing isVlone is the mul-s
tigraph, .together with papcr-cutrtff
: Jmg, rJerforating-punching and
type-setting machines. All mod-i
ern mechanical equipment, plus
an accesssDie iorce 01 aicrc men
i striving each day for perfection
of service.
JH
Come in and see for yourself ?f
X . J!
CornExcha
National Bank"
Philadelphia
Chestnut at Second
'
T
I
HIS Comp any 5
1
cordially invite0
the delegates to
the Annual Convent
tion of the Pennsylv
nia Bankers' Assocife
tion to avail the
selves of its facilities;
Juring their stay m
.1 tl- 1
uns wry &(
i
1
Commercial Trust Company
City Hall Square
?