,5ps5S,t'?if
EVENING LEMER-PHILADELPffiA, SATURDAY, MAY 27, 1910.
C '-'" ' n' Tirn n -" .- i .... ,. n , .,,,, .....if,-.,. , ,,,.. ,
FINANCIAL NEWS
$pv
LIOHT ATTENDANCE IN WALL STREET
' . RESULTS IN SMALL STOCK TRADING
i
, Market of Typical Holiday Character Impressive Selling
m Reading Zinc Issues Influenced by Drop
in Price of Spelter in London
New York Stock Sates
3
High Points in Today's Financial News
t Statement of condition of members of New York Clearing House Asso
ciation showed increase in average loans of $17,376,000 for week andni' de
crease in reserves of fl6,729,Uo. Actual loans expanded fs890,000 and
actual, reserves fell f 11,980,960. Plan for reorganization of Curb not opera
tive arid time has been extended by voting. Yale & Towne Manufacturing
Company declared extra dividend of 10 per cent, in addition to 1 3-i per cent,
regular. t Graselli Chemical Company declared 3 1-3 per cent extra on common
m addition to regular quarterly of 1 IS per cent. Week's bank clearings S6.1
per cent, above same week last year. Price of bar silver lower in Mew York
and London.
NKW YOllK, May 27.
Today's stock market was of a holiday character and the outlook Is that there
trill bo few In attendance In the Wall street district Mondny.
There was only one member of any of the leading Stock Exchnngo firms on
duty during the day, and that one stayed In the city only as n representative of his
firm because It Is absolutely necessary and one of the rules of tho Exchange that
om,e otto shall bo on hand In each oillce to attend to whatever business may
eomo up.
This made the board room floor and the brokers' offices present a. deserted
appearance, and the statement that the market was of a holiday chnractcr Is
putting: It mildly.
With these conditions prevailing, price movements were vlrtuolly nt the mercy
of the room traders, the same as they were In tho half day after Good Friday.
In Reading, however, there was some Impressive selling, that stock being
supplied by Booth, Pearl & Co. and V. U. Keech & Co. Part of this selling might
have come from Rockefeller sources and perhaps could be construed as Indicating
ome change In tho Western Maryland situation. Tho absenteeism, however, made
Iho market one In which no substantial amount of stock could be sold except nt
harp concessions.
Tho zinc stocks were Influenced by the slump In the price of spelter In the
London market, following tho declining tendency here. No Importance need be
attached to the declines In such Btocks as Industrial Alcohol and Studebakcr, as
those Issues presented good targets for bearish attacks.
Curb Reorganization Dropped for the Present
NEW YORK, May 27. A letter has been sent to tho members of tho Curb
Market by E. R. McCormlck, chairman, stating that tho vote on tho reorganization
of the Curb Market shows 216 for, 20 against, 96 not voting, 1 blank ballot and 1
defective ballot, and that In view of this unsatisfactory vote and the signed
opposition of N'ew York Stock Exchange firms It is considered unwise to deem tho
plan operative Another chance will bo given to members to change their ballots
already cast and tho time has been extended. The committee Is taking steps to
confer with the opposition.
Grassclll Chemical Declares 32 Extra Dividend on Common
CLEVELAND. May 27. The Grassclll Chemical Company has declared an
extra dividend of 3 per cent, on the common stock in addition to tho regular quar
terly dividends of 1 per cent, on the preferred and common stocks, all payable
Juno 30 to holders of record June 15.
Extra Dividends for Yale & Towne Co.
The Yale & Towne Manufacturing Company has declared Its regular quarterly
dividend of 1 per cent., payable July 1, to stock of record June 23, and nn extra
dividend of 10 per cent., payable June 7, to stock of record May 31.
WJIEAT STARTS WELL,
BUT SOON DECLINES
Active Selling Due to Rains in
Kansas' and Oklahoma,
Hurts Prices
CHAIN DEM WKATIIER FORECAST
CHICAGO, Mar i7. The weather fore
' 'or 30 hours follows:
Illinois Thunderstorms this afternoon or
cooler tonurnt. extreme northwest!
tonlrhti
Bandar.
partly cloudy.
Missouri Thunderstorm thla afternoon
or tonlihtl Sunday, purtlr elondri not much
change In temperatures.
tylsrpnsln (.enerallr fair tonight and
probably Sundori cooler tonight extreme
ontheast.
Minnesota fienerallr . fair tonight and
Sunday! no decided change In tempera
tore. Iowa Unsettled tonight: Sundar. partly
clouOyi not much chance In temperature.
North Dakota. South Dnkota, Nebraska
find Kansas lenernllr fair tonight and
bandar) not much change In temperature.
CHICAGO, May 27. After starting
to sC net higher, the wheat market today
reacted to last night's close before the end
of the first half hour.
May sold from $1.09i down to $1.09 U ;
July from 11.11 to Jl.10, and Septem
ber from 1.11 to $1.11.
There was active selling by previous buy
ers due to the rains In Kansas and Okla
homa, and lines purchased on recent reports
that the crop In those States was deterior
ating rapidly, as a result of droughty condi
tions, as well as insect damage, were put
out The spot situation was also looked
upon as a bearish factor, while peace talk
caused some nervousness.
At Liverpool the market was steady In
the early dealings, but later eased on peaco
talk.
The receipts at Minneapolis and Duluth
today were 402 cars, against 211 cars a
year ago; at Chicago 70 cars, compared
with 305 cars; at Winnipeg SS6 cars, con
trasted with 122 cars.
Favorable weather and the easier tone
In wheat were reflected In corn, which
opened about c lower, and later fell He
further on selling by commission houses.
The receipts hero today were HO cars.
Oats moved In sympathy with the other
trains in the early trading, showing de
clines of H to c but scattered buying
caused, a rally of about He The receipts
Jftere today were 259 cars.
leading- futures ranged as follows
Low,
I New York Bond Sales
High.
Si!
ST
Dll
m"i
M?iP.?i li1m" Express 4s..
J Albany & sua 3Va
1011(1 Amer Ice lis
injuiiii Anglo-Fr 3 . .
i'.i(MM) Am-r Tl ..If J.
.,,,,., amcr lei conv
i.v.r Amer
.mum Ami
21MKI Armour
701)0 Atchison
i,MMI U
."1)0(1 All
r(H)(l Halt
MlllM .In Am
13(1(10 do cv Wi!".;""'
.7110(1 Halt 4 O Swn sWi
a?. "alt Ohio 0s. "...mow
1III.I. I.vnnl. .! I..... . .....
.::.: ;;wy -"' .. ibi js.iui-.
Bs.. 87'i
. .. so
u..lo4
...ini
...looj?
...loali
. . . mi
cm
flHH
113 h
lnfy,
10S
W2H
Ixiw. Close.
S2 SI!
8.1 8.1
87 87
o.v; uj;
tc-'i wis.
ts....lUH UJtlVi 1(181
St'n, MSS...108, 1ISW 1(18 4
rlr 1'nrfe... An kiiL. Tut! uilL
Co 41a.... 1 03J4 1)34; 113"
1 Ben 4s 03i II3H !I3H
o auj 4s 8r,i H.-,i hr.S
KrtnT X, P(n J. dill? UillT .nil
ohiA t . s:: s:w :
w .. ... . .. .. f -
01i III III
Hull 0.1'i Ull
1H14 mil. llllT.
1 III) J, 1II0H
loifi 10t.
87 87'i
U(l 8 1
'.tUld ItllHh Tarm tltM
isuoo i: u C nen 4s..,.
nnoo c c a a t i, 4U
K.niMl Can Gov .Is ,v
SSdliii ,lo 10.11 .......
llllrMlll ,in la-n
? ' C.'nt r- 't B...
liniMI l'nt nr lat 4a
2300 Chill Copper 7s...:.
i!' -. a r o,ilo cv 44s.
2000 do 4 Hi. ..
20OII Chi Ot West 4s
2SO0O Chi It & Q jnt 4s...
5000 do (ten 4s
1 rt A ) in,i A,
0000 Chi M & S P cv 5s. .
U0OU do cen 4s ...
10(10 iln on r. mil."
4 (MM) do CV 4Hs . ' "lllint
UIOH lOdJ,
mi nil1,.
Wheat Open,
.ay ...... x.uu
uly 1,11
TestMav
Close, close.
I Tllirh.
a r:V -4 i:S!"-Wa
t-mhrr . 1.11U l.lTTi1.00 l.loUtl.tSK
:orn (now delivery)-.,
ItH DOTS 0S?4 7UH
iff 68 ft t 70
83 V foil UUt;
Mar
.mix
September
Data-Mar
Juiy
Deptember
May ,,-.,-,
Juif ......
Sefitember
Subs
Mar
July .....(
September .
Pork
May .-,.,,
July ....,,
BCPiamocr.
DUJi
70ji
est,
70
70
69
12.80
12.62
12.45
12.53
2. IS
'DUX. tAsked,
12.62
12.75
ii'.&o
12.62
22!o6
Normal.
12.60 U2.4T
12.45 tll.H'J 12.4T
12.57 t!2.75 12.62
1242
12.52
22.87
22.10
tl2.45 M2.40
12.50 U2.45
112.62 12.53
123.25
22.50
22.20
23,15
23.53
tl'3.30
LOCAL WINING STOCKS
TONOPAK BTOCKS.
Bid
jtm. Butler .(.,itft,i
MacKamara ,.,,,,,,..,,,,,,
Midway i.......,,,,,,.,,.,,
MUpab Eitenalon
Montana ....v....
Northern star .
Tonopah Belmont , ..,.
Tonop&h Kxtenaton ,,f.v..
Tonopah Mlnlnc .............
Rescue Eula ................
West End ..1.06
' GOLDPIELD 8T0CK8,
All
Asked
S3
,10
.23
.27
.31
.21
5
tsaif .If eMMMftsiMi
('tttt
Qiue Bull
Combination fraction
DUmondrUld PH..
guy
Ftorcneo
Osldoald Consolidated
OclJiisM Merer
Jnrr.hn Kxteiuloa
Kewtcu
gXaictn::::::::::::;:::;;;:
MlSCELUVNEOUa,
Fairy Aitso
Klmr!y ,.,.,
Ngjada HUI ,.!....!.!.,
vds Wonder
.92
.08
.-'3
,26
.31
.IB
4V4 . 4 0-J8
oa.io ni
?Jfc
1.12
,12
.04
22
.02
.03
.10
.Oil
.06
.41
.89
:tt
.14
Oil
.06
.13
.02
.03
.03
.20
,01
.04
,os
.03
.04
.43
,4
.10
.SI
.12
.03
.03
.10
TI.S. GOVERNMENT BONDS
3pf tcitre4 130. .
K eouaaa. 1B30. . . .
r-wittered 1618.
fj nww 191 ...
Mm- mU).m.I ltX
121 .-
.
Ask.
100
102
Pt us.
i rtlre4 It
I WM
4000 do rfd 4Hs
M.lllll TniiH U 1 I'V lis
1000 Del & Hurt rfd 4s...
1000 Den tt Itlo Or 4s...
2.1IMMJ do ,1s .
5000 Detroit L'nlt 4 lis...
liiiio l)u cunt I'liwil 4v.s.
5000 Erie conv 4s Ser A. .
2000 do nrlor 4. ......
otiiiiu
t)li
.IMS
. n;
. 7S
. 8IH
. S3
.iin
. 71
bo'.i
ut L-ult. 4a Her l w I
5(10(1 Great Xor 1st U
7000 Indiana Steel 6s 103
6000 111 Cen Ch & St L
. N O 5a 100;
.1000 Interb -Met 4's 73H
32000 Interb it T ref 3s,... 1)H
20J0 Int Sler Mar ct 4a.HW
222S Jnternl l'oper ct 3a.. 73
300O K C R 8 4 JUl 7JW
1000 Kan City So 3s Ill 2
S(rV) I.k E ' 1st 4s B7U
rSStt leha Steel 5s lOlM. . l)UH
iinpo Laclede Oas 1st 5s..loK
100(1 Lex & E 3s lnoC
8000 l,k Sh deb 4s 1V31.. tills
?" Jing; Island rfd 4s.. wi,
SR 2 Halliard 3s. . . , 100
7000 i,ouIb & Nash 4s u
?.?S! J! Ka" & T 1st 4s.. 77
;S2R J! Ia eo1 5s ion., on,
3000 Mont Power 5s. . , 1)8
5000 NY C 4 H con ,la... 83V,
7000 do 414 a 04
19SH XJ City 4s ren 1036.100
5000 do 4s 10.18 ion
J000 do 4a 10.10 100
1000 do Ml 106.1 107'
2000 do 44a 1865 108
22 do n Nov 137..107
4000 N YN II A II 4a 1033 100
81)00 do 4s 1038 78i
3000 do ria Il-4
4000 N Y Itwy adj 6a 57
63000 N Y Tel gen 4V4 a 08!
1000 N Y V C ft H IVii 73V
6000 .Nor Pao prior 4a." oi
-'"" " eu ua Uni
nuuu i-ac uoasi
1000 Pao Tel Si
1000 Penna 6s
okouii ao gen ct 4 Vis 1115
5000 do en 4Hb ins
25000 Readlnir gen 4s n.1K
....u.. i.iu l , t:, fm T.T
8000 Ilock Island 4s 8.1
loooo do 5s ;..;;. 5?
boo I st l.S V rfd ct sta 4a 73
77W
7Vi
W 17H
H losi
TV 4
107S 107H
1)9 00
7S 1HK
112V5 linjt
57 8TK
084 OKU
73 7.1!
02K '.
mui novi
". i '"; mils H(l l
1st 5s D(U IIIIK DHU
' lon ioo loot
102S iojvJ lo-jvl
0000
147000
68000
81000
1000
do gen ct sta 4s.
ao A w I
do In w I 4s
do adj w I . .
ao w 1
2000 St I, t Swn 5s ....
8000 do con 4l
1000 do 1st Is
3000 Stand Una 6
1000 Seaboard A t, adj Ss
11000 South Pao cv 4a ...
10000 do cv- 5s
800(1 do rfd 4a
3000 South Itwy gen 4s.
loon South Rwy con 5.
S222 Ih,rd -v adj 8s"
6000 To St I. A W 4s. .
6000 Trl-Clty 5a ....".
1000 Utah Power Sa. . . .
Jooo U 8 Rubber 6s
7000 U S Steel If 6s.. ..
4000 Union Pac 1st 4. .
6000 Un Jlwya 8 V 4i 7
4000 v 6a nrown Bros .
6000 Va ft W 1st 5s. 7.
1000 WalwP T 1i Zfi.
8000 West Rlectrlc 5s..... If)5
1000 w N Y ft Pa 1st 5s loT
2nnQW.it ShSr. 4s...:! 'oii
2000 Wlcwn Cent Ktn 4s,, 8(1
luirj llll .
10.1 10.1
3,s II.1U
in s?a
K 731 73?
II.1V. A3 OKU
. . 70U H0T4 70U
::? ?i J?g
. . 044 flIVi 044
"S 77S 77S
. .io lonv! ioo2
7i 07i 67,1
I 7ii 70!J
55 33 63
. .10054 JOO 100M
. . 03 115 0.17
IS?.. Ifi3 los
lo-iS. 10.1 111.1U
SS T 07
22., 3" 36
. . 5JU 58 58
,.10.1 10.1 103
Kl 11 V.
5 ,n:B l
... t, 1 .
nnu pi-
80 88
Total sales. 31.818.000, compared with JI.I13 .
DIVIDENDS DECLARED
payable July i to stock of
Mackay Companies, reirular quarterly of 1
per cent, on preferred and Hi per cent, on
tviuiiwu .tuvai) (iuiv 4 UIJ
record J una D.
Northern Pipe Line Company, regular semUn
nul of 5, payable July i to atock of record
J Utt9 J I'.
Amrican.oe( sugar company, regular auar.
C. t 4 1MV
t.rfy of I i
per
1 30
hMf.n ...1.
payable Jura 30 to slock of record June 14. '
Weatinguouse Air tiraka Uompapy, regular
quarterly of 2 per cent- a abate, payable July
rffulae
uly 1 to
Boumweai renn ripe Line Company,
quarterly 01 to a snare, payaoi. Jl
atoekholdera or record Juns 18.
Pennsylvania Water and Power Company,
regular , quarterly of 1 percent., payable July 1,
to stock of record June I. y
Liverpool Wheat Market
LIVEIIPOQL. May 27 Spot wheat was
quiet and unchanged today, with Ho. 2 red
winter quoted at 11a fid. No. 3 Northern
Manitoba at Ha 9d and No. 3 Northern Mani
toba at J la Td. Com wa quiet, with
American mixed unchanged at 70a lOiid,
aiut PUt Hd lower t 1a 141
High. Low.
Advance numety. 10M 1V4
do pref , 3DU 39 H
Alnska Oold Mines 22H SH
Aids Chalmers ... 27 27
do pref iy 31
A pi As Chem..i. 80 DAVt
do pref ....... 01 H 01H
Am II Sugar ......74 74
do pref .......'07 9H
Am Can ........ AflH 38 W,
Amcr Car and Fdy floii n
do pref ...1....1I7 117
Amcr Coal Prod.. 13ft 133H
Am Cot Oil pref.. 100 loo
Am Hide & h pf., 40 40
Am Ice 20 Vi 20
Am I.lnRtcd 22 22'
Am locomotive... 73V4 72
Am Rmcltlna- Di)U 08U
Am 7.1110 84 Vi 327a
Am Hufrnr 1I2H
Nt
Close, chge.
1H 1
U
tt
47 H
slW Mi
y H
9JW W
74
87 V.
tay .....
60JA
117 V
ISO
100 . ....
40,
20W M,
22 .....
12 lMi
08Vi IV
SH 1
GREY'S SPEECH
QUIETS LONDON
STOCK EXCHANGE
Commons Better Disposed
Than Before Towird Peace
Propositions
Sales in Philadelphia
10 Huff A flua t C.
.iw urni j . u.
loo Col F A Iron.
nn ;
Kleft
100 Krln
1 Oen Arh .
40 do pref . . .
2T Ins Co N Am
10 i.R Bup L'orp
High. tow. Cloee
Bt 01H D!
Bll
4A
Net
chge.
SO
43
Sin
33
18
.2 is
3H
1
7 1l.lh Mv . . 77
71 Irfh V Tr pfd, 43'1
FALL OF SILVER A LESSON
Am T & T
Am Woolen 4.1
Am Writ Pap pr. 2.1
Anaconda Cop ... as
Atchison 105
do pref lot
Atl Coast Mtie
Until Loco . . .
Ilatto mi J Ohio ...OIH
do prpf 17
tiatopllas Mining. 2M,
Urooklyn It Trail 67 Mi
Ilutte and Sup . . 02 u
California I'ct pref BO
Canadian 1'nclllc .170
Chnndler Motor . .loliH
Centrnl Leather. . B4
do pref 111
Chile Cop 21
Clilno Copper . . . 531
Chic Croat West, lata
do pref A 38
Chic Mil and St 1 0174
do pref 120
Cont Can lnj
Chic & Northwest. 131
Chi It I & Pac... 21
Col fuel & Iron... 43
Comput Tali 45
Consol Ons 137 Mi
Crucible Sled...
Pen & Itlo (3r pr
Dome Mines . . .
Distillers Secur..
Klec Stor Bat . .
Erie
do 1st pref . ..
Clen Klec
Gen Motor
do pref
Crccn-Can Cop...
Goodrich Co
do iiref . .
Gt Northern pref.. 121
Gt North Ore ctfs. 4Ui
Granby Consol.... H
Gulf Stnte Steel... 10K.
do 2d pref 18
III Central 103
Int Apr Corp pref. 54
Int Harv Corp pf.lOllf,
Internl Paper ... MM
do pfd 40
Inspiration Con .. 45Vi
Int Mer Mar t c. . 25
do pfd 02 J4
.120Mi 120H
12Mi H2Mv
41M)
21M
84
105
101
11214 H2Mi
RBVi 77,
B1U
70W
2M.
Rl',4
oiH
40V4
118
102
54 V
111
21
52 ,
I3V4
3R
01 Mi
120
100V4
131
20 U
42
45
13714
83
20
2614
B0
63 Ml
3W
B34
120H
44M) H
28 1
81
105 !,
101
112M)
RS
oil!
70
2M,
87M)
01
50
178
102
54 VI
111
21
Vi
1
V4
IVi
3
1V4
1
7a
n
5214
13V4
38
01
120
101
131
VI
Vi
214
1
2014 V6
H4V4
26 Vi
20V4
51 Vj
6314
30
53T4
V4
1
1
Vi
V4
43
45
13114
84
20
20 V4
50
6314
38
170 170
5314
170
V4
510 510 510 5Vi
U6V4 HAV4
47
7674
.11511
U6V4
47
7 Oil
I15V1
120
V4
li
Vft
1
40 VI
74
1V4
88
701ft
78
103 V
Int Nickel
Jewel Tea
Kenne Cop
Knn City So
Kelly-Spring Tire.
Lacka Steel.......
LohlRh Valley . . .
Lee Ilubber
Manhattan Elev..
Manhattan Shirt..
May Dept Store.
Max Motors
do 1st pref
do Id pref . . . .
Mex Pet
Miami Cop
Missouri Pac
do pref t c ...
Nash Cloak & Suit
Natl Enamel ....
N Y Air Br
Navada Con
N Y N II & H.... 80
N Y Central 1051ft
N Y O & V,' 28
Norf & West ....120V1 126V1
North Pacific ...113 113
Ont Silver 8 8
Penna It It 67 67V4
Pittsburgh Coal.... 27 VI. 27
do pref 103 103
Pitts C C and St L 83 83
P Lorlllard Co pr.110 110
Pressed Steel Car 47 47
47
76
11511
I20V4
40
88
7rt
78
103
54
101T4
II
48V4
45
21
0111
457!i
8GVft
64
2(1
7211
70V1
70
50U
120 V&
00
07
85
00
68
lOOVft
8574
Oil
6 1ft
76
2SVft
37 V4 136 130V4
1774 11 17
60 00
10514 105 1ft
27 27
46V1
87
55 y,
26
72 Y
7011
81V4
60
1201ft
66
67
801ft
00
BH
100
30 K,
0
fllft
77
23Vft
Y
1
Vi
Vi
Vft
17ft
Vft
iift
Vft
12916
00 1
07 Vt
86
DO
58
100 1ft
357ft Vi
OVi
OVft Vi
77 2
23 Vft Vi
-3
- V
54
10174
II
4!)
45
25
02 Vft
4516
801ft
65
26
72
70U
811ft
50
V4
14
Vft
Vft
1
Vi
V4
Ily Stl Spg
Ray Cons
Reading
llep Jr & St ....
Quicksilver
Seaboard A L pfd.
41 40V4
23 22
102 100
47 47Vft
39
!
Sears Roebuck ...183
Shat Cop 31
So Pao 100
Southern Ry .... 22
do pfd 03
Stand Mill pfd... 031ft
Studebaker 138
Tennessee Copper 44
Texas Co 102V4.
Texas Pacific R R 12
Third Ave 02
Twin City R T. . . OR
Underwood Type .103
do pref 117 117V4
United Cigar St. . 06 00
Union Pacific 139V4
do pref 83
U S Undl Alcohol. 150
38
183
31
lp
12
65
03 Vft
137
44V4
102V4
12
02V6
OB
103
120
113
8
57
27
103
83
110
47
41
2274 Vft
100 2V4
47 74
2
88 I
183 Vft
31 Vft
do pref 104
United Fruit 158
U S Rubber 50
U S Steel 85
do pref 11674
U S Smelt 71V1
Utah Copper 80
Wabash pref A.. 40
do pref B .... 38
Western Union . . 00
Wheeling & L E. 5
Westlnghouse Elec 02
Willys Overland. .276
do pref 100
10
1
157
104
100
22
65
03 Vft
138
44
102
12
02
08
103
117V4
00
139
82
157
101
174
i
1
1
2
53 V4 7ft
85
110
73
0
49
28
0V6
6
01
270 5
158 158
55
85
110
73
80
40
28
00
5
01
270
106 100
Total Kales, 213,000 shares, compared with
335,100 shares last Xatnrilari this neck, 3.703.
800 shares) last week, 4,411,100 shares.
NEW YORK BANK STATEMENT
Big Increases in Average and Actual
Loans Reserves Drop
NEW YORK, May 27. The weekly
statement of the members of the New York
Clearing House Association shows an In
crease of 117,376,000 in average loans and
an expansion of 322,890,000 In actual loans.
Reserves drop in both statements. Details
follow :
AVEltAOE.
I.oans ......t..t..ti
Demand deposits ,
Time deposits ....,.,..,
lleserYtn
ACTUAL.
I.oans ,
Net demand deposits , ,
Time deposits
Reserves
Pecrease.
Increase.
.tl7.376.onn
. 1.T80.000
. 3.518.000
.10.729.140
.123,800,00(1
, 10,7H4.nno
77,000
.11,880,060
NEW YORK COFFEE MARKET
NEW YORK,- May 27. The coffee
market "was easier at the opening this
morning, and under renewed liquidation
first prices showed losses of eight to nine
points. Sales on the call were 6500 baga.
Today's Today's Yesterday's
opening- close close
May ,,,., .... 8.30g8.41
J una 8,4408, -IB
July "!. 8.41t8.45 8.448.43 8.4S08.51
August . ..,,', '8.41 .... 8.5508.57
September .... 8.53 8.0068.62 8.64A8.05
October .... 8.6898.71
November .... 8.7308.TB
December .... 8.70 8.78.7S 8.1Tft8.7
January 8.70 .... 8.82ti8.84
February .... :; i'i- 8.87W8.89
March 8.83 8.8898.89 ti.U2W8.nt
April .... 8.9068.88
Bid. Total aalea. 23,230 bags.
RAILROAD EARNINGS
BOUTlIEnN RAILWAY.
1016. ' Increase,
Third wek May !1.??9.?54 inis.fiod
From July I ....... 62.113.882 0201,049
CENTRAL. Of OEOROIA.
-0Nr.,b! .? .::::: 'Site 2SSJ3,
COLORADO AND BOUTII1SRV.
Third week Maf. ...... .J27l.fU ..!
y?om July 1 tS.S0,r3 LlOl.K.s
Additional Income Tax on Amer
ican Securities Expected to
Increase Budget
ByFRANCIS Vf HIRST
Kdllor The Economist, London.
SptcM Cable to tlvtntng I.tdocr
LONDON, Mny 27 After a fortnight of
blazing optimism which especially marked
the first three dnys of this week, the Un
don Stock Exchange yesterday relapsed Into
a quieter mood on perusing Sir Edward
Grey's speech. Hut the atmosphere of thj
debate showed that the House of Commons
Is more disposed to entertain 1 propositions
of peace than previously.
The Importance of President Wilson's
attitude cannot bo exaggerated, but the full
report of his speech must be nwaltcd.
Sir Edward Grey's statement about the
Government of franco seems very signifi
cant He said It had n special right to
speak In behalf of peaco, nnd quoted the
French Premier as snylng, "What will gen
erations to como say If wo let escape nnv
occasion to establish fl'rmty a durnbl'o
peace 7"
The completion of the Athens-to-Snlonlca
railway has Just been announced. It Is the
work of n French company, nnd will ofTcr
a land route after tho war from western
Europe to Athens,
Tho recent fall of sllvor nhmvn Vimi. v
dangerous und speculative nro conditions lii
mat maruut. The drop of twopence from
36 to 34 pence on Monday, however, Is net-
ins us a coiu Dianaet on speculation. In
creasing Issues of paper currency for small
amounts by Continental belligerents nre nlso
wsrnlng those who have been counting too
much on the demand for silver coinage.
Examination of Irish securities shows
that prices have been well maintained, de
spite the Dublin rebellion. Great efforts
are being made for a settlement of Irish
government.
An additional incomo tax on American
securities Is expected to bring largo quanti
ties Into Treasury control.
PEACE HOPES CAUSE SLIGHT
RISE IX COTTON AFTER DROP
Lower Cables, Due to Liquidation,
Help Early Decline
NKW YORK. May 27. At the opening
of the cotton market today, selling orders
predominated and prices dropped 6 to 7
points under lost night's close.
Influences chiefly connected with the de
cline were disappointing and lower cables,
due to liquidation nnd Jobbers' selling, and
renewed liquidation in July here.
On the decline some covering took place
on the idea that something might develpo
along peace lines over the holiday and
prices rnlllod a little, being about 4 to 6
points net lower at the end of the first
20 minutes, except July, which was 8 nolnts
down.
Yesterday's
close, ODen. Ullh. Tovr.
I.'I.14 1.1.2.F 13.14
12.71 12.H0 12.60
12.78 12.01 12.77
12.112 13.08 12.02
13.00 13.1R 12.00
12.70 12.70 12.70
Mnrch 1M.20
July 12.76
October .... 3 2.8.1
December ... 13.01
January .... 13,00
Aucust 12.8.1
Spot 12.00
Close.
13.24
12.70
12.00
18.00
13.12
12.7U
12.00
Liverpool Cotton
LIVERPOOL, May 27. Spot cotton today
was quiet and 3 points lower, on the basis
of 8.44d for mid-upland. The sales aggre
gated 6000 bales, Including 3000 bales
merlcan. The imports wero 14,000 bales,
including 8000 bales American. The mar
ket for futures closed quiet, at n net do
cllno of 34 points.
Financial Briefs
Of the ?217,800,000 Imports Into the
United States during April, the largest of
any month In the history of tho country,
07.0 per cent, came In duty free.
Gross earnings of 36 railroads during the
second week of May were ?13, 956,903, an
Increase of 13,137,745 over those of the
corresponding week of last year.
Gross earnings ot tho Atlantic, Gulf and
West Indies Stenmshtp Lines during March
were $2,253,629, an It. crease of $442,845
over the corresponding month of last year.
Net earnings for the month decreased $18,
871. For the three months, however, the net
earnings were $1,871,934 above those for the
same period of 1915.
George W. Kendrick. of E. W. Clark &
Co.. and William West, of Henry & West,
will, attend the meeting of directors of the
Investment Bankers' Association at Kansas
City on June 2.
The New York Subtreasury lost $1,634,
000 to banks on Friday.
In April the Chesapeake and Ohio Rail
road carried 2,159,388 tons of coal, an In
crease of 490,609 over a year ago. For
the 10 months ended April 30 total coal
tonnage was 21,582,138 tons, an increase
of 4,395,996.
Gold 5)ln to the amount of $60,000 war
withdrawn fjom the New York Subtreasury
this morning for shipment to Cuba.
The Middle West Utilities Company will
redeemfAt 100 and accrued interest $3,500,
000 three-year 6 per cent, collateral gold
notes and certificates maturing June 1.
Commercial failures this week In the
United States were 314, against 348 last
week, 335 the preceding week and 385 the
corresponding week last year. Failures In
Canada number 36, against 44 last week, 31
the preceding week and 12 last year.
The Interstate Commerce Commission has
suspended until September 28 the proposal
to Increase the rate on grain from Chicago
to Frankfort, Ky 1 per cent, per 100
pounds.
A seat on the New York Stock Exchange
has been sold for 165,000, an Increase of
$4000.
Bradstreet'a says: "While the country's
Industries continue, to operate at high speed,
there are numerous evidences of a reaction
toward conservatism In buying, the trend
thus displayed suggesting that, for the time
being at least, new business has undergone
a slight paring down, and that buying
power has been temporarily satiated or re
pressed In order to permit of a breathing
spell."
The Listing Committee, of the New York
Curb Market Association has ruled that all
trades In the preferred stock of the Acme
Tea Company, Inc., are "flat"
The LUtlr.fr Committee of the New York
Curb Market Association has approved for
temporary quotation and trading th 120,.
000 common shares and 60,000 preferred
shares, both or a par value of $100, of s.
If. Kress & Co., which stock Is to be traded
In when and aa If Issued. Trading' la the
preferred will be flat
The flank ol England reports the amount
of currency notes outstanding as 105,155,.
71H- Mains flO,9SLOT !, vefe. Tho
amount pf gold held for the redemption of
such nolef jftrjisln al 0t HO 000.
I!A.
On
s
70
2ft
11"
133 Penna ....... ...,?7 .M't
I rn suit ir..m i"
, 2 r. Steel IM.. OS 08
,80 I'h'a O.rum pfd 42 J4 42
lm rtiiid nice .... 275 JJH
1220 r n t t c... j7!J 17
I Phlln True ....70 .10
Its ftenrtlnrr 10? ( 10
040 Tonnpnh n?lm. 4 4H
205 Tonopnh Mini. . .,0. ilto.
,3.1 union Trnct... " 1
iv unue.i uns imp or,
, 8 IJn Cos N J..23JM
134.1 if S Steet 83 H
00 Warwick I ft B II.,
1 Wentm Conl... of H
70 W Crump 8on 8I
100 Vork nwy pref .10
aw JI
33 If
70 4- H
is
la
ao
!88u3
lJj.4 -A
88.. '1J
".Total Ale. (1002 shnrre, mi"J'd..l,ili2?j
plmrei. InM Sntiirilnj-l ttilw week, 00,880 titrem
lust neeli, 82,312 nhnren.
IIOND3.
tlleh.
Low. Close,
100 my
..nn . . .... Km int.
1000 l.V let 4V4 '40.101 101 ml
2000I'4fc-D.."nioH
1000 r Md stl fls. I ml ,
loon v w 11 t o 451 noJ
loon I'hlln Kite fin.ln.1Ji
40110 Heading si-n 4.!)rH
lnoo st (1 ft Kl On.llHlU
1000 Un Hwjrs t C 4(1 74,,
41000 WK1' sn 4 81W
Net
chse.
H
Week
sit
BOND MARKET SHOWS BETTER TOim
DEMAND FOR GOOD ISSUES IMPROV&f
!c's Turnover Best in Several Months Reading T i
it Reports Good April Gross Earnings Trnri? n1
Quiet on Local Stock Exchange b
pllclty of henna ., ..
street during tha" week" "" 3
Hankers pointed out tr,.. . i
market durln ihe S J1UB n fe
TranVSn S Sffi !7S?SSS4
showed n mff ofSnfJ' 'Q&
with tho same montl, of laVi vs )
" VerV 1 1 J"'. nSRa Tll,na -5
SSS. " tiiSSfflwJ
twafti?
100
100,,
103 ft
100H
Ik
100s .....
inn, H
oovl . ....
lost i
inot. Z2H
84-4 3
Tolsl xolex. M 1.000. eomnnre.1 with 7.00
lnt Sntiirdnsi thin week, Kr.0,480i lnt week.
8301,100.
Local Bid and Ashed
Todny.
11 Id.
UtifT & Sua to ,.
do pref t 0 ........ SS
J O Drill 38
Hnldwln ..1 .88
do pref lim
Cnmbrla Steel 82
Kleo StoriiBe 3Jl
Ueu Arphult 32
do pref 00W
Keystone Tel 14
do t 0 1 .... 14
do pfd lis
l.nke Sup Corp U 1.1-10
Lehlull Nov !W
l.fhlitli Vol 81
U-hbrh Val Tr 21
dn pfd 42u
IVnna C7S
I'lilla niea 27k
I'hlln Co 40U
tin S per cent. pr. . . 30
il.i 11 per cent. pr. . . 42
P It T t n 10
rtendlnir loofi
Ten Helmont 4W
Ton .Mlnlnic I1U
Union Traction 42?
tT O 1 S8
IT H Btcl 8-iVt
Vork Itwv 14i
dn nref
Vm Cramp t e
Oil
82 V4
Teeterday
Anir. 111U. tBn.
w,i .11 52
110 r.s 00
40 3! 40
88tt 88 89
110 1011 no
8JJ4 . .
04 03W 04
04 33, , J?
71. 'jl'4 T1.,,
14V4 14 U'A
14 14 14
110 08 00
10 0 1(1-10 10
J?8 TO"? 8$
22 21H 2l
4.1 4.lii 43i
B7K 07W r,7H
27i 27H 274
41 .10 40
40 .10 4(1
1214 42 434
17 17W 17H
101 1021 102Ji
4H 4? 4H
fi fl'S OH
4.1 t 43 44,,
K8t 88 88
14J4 14 14t5
834 83U 83
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
WHEAT Receipts. 02.080 tiueh. There wns
a decline of 2o. In this market due to n, light
demand nnd lower outside advices. Quotations:
Cur lots. In oxport elevator No. 2 red, spot
nnd May, $1.0701.00; No. 2 Southern red, II. U.I
1.07; steamer No. ' red, $1.(1401.00: NO. 3
red, lt.OIW1.oili relocted A, JI.01H 1.0314 ;
rojecteil II. $t1.02.
COItN necelptn. 1280 bushels. The market
was quiet but steady under moderate offerings.
Quotations: Car lots for local trndo, as to
location No. 2 yellow, 81W 82c. : steamer
yellow. 80WSlc.: Nn. 8 yellow. 77M073HC.;
Nn. 4 yellow, 74V4 73V4c; cob. per 70 lbs.,
60J4smr.
OATS Rcrelots. 07.080 bushels. There warn
little trading und the market showed no Im
portant chnngo. Quotations: No. 2 white, 400
4.i,,4c; standard white, 4814 040c; No. 3 while,
40Mi tP47'4o. ; No. 4 white. 43040..; sample
oats 4iff42c. ; pMrlned onts, .muled. 40v4 ffr.18.
FLOUR Itecelpts, 2248 bbls. nnd 042.200
Ilia. In sacks. Mill limits were firmly main
tained, but trade was quiet. Quotations per 100
ins. In woou: u'lnier. cieur. ! Do ttps.i.v do.',
straight, J.l.lTiSJ.I.r.il: do., patent, $n.itnii1..i.
i.Hnaas, clear, coiion sacits. 34.7U(tfO; do.,
otrnlirht. cotton sacks, $r.. 2O0S. ROj do., patent,
cotton sacks, eTi.aO0R.7fi; enrlng. tlrst. clear.
$",0.1.30; do.. stratcM. $5.4000.00; do., patent.
$I..75(1; do., fnvorlto brands, $O.2.10n.r.O; city
mills, choice and fancy patent, IO.230O.SH; cltv
mills, regular grades Winter, clear. $4,000
'Ji'Mi'l". straight. $5,2503.60; do., patent,
$,1 i,nfl0.fl. . '
IlYE FLOUIl Offerings were moderate and
tho market ruled steady, hut trade was aulet.
We quote at J.105.50 per bbl., as to quality.
PROVISIONS
The market ruled steady, but there was little
trading. Wo quote as follows: city beef, In
sets, smoked and air dried. 2(lo. : Western, in
sets, smoked. Side.: city beef, knuckles ana
tenders, smoked and alr-drled. 27028c: West
ern beef, knuckles and tenders, nmoked. 27W
SSS'j 6eef hams. $28080: pork, family, $23.00
OPSO: hams. S. r. cured, loose, 18W18Hc; do,,
.'KlS1;!1?) 'ooa'- 18018V4c; do., do., smoked.
1O01OV4C. : other hams, smoked city cured,
as to brand and average. lSVic. ; hams, smoked,
western curnd, 18Vic; do., boiled, boneless.
80c; picnic shoulders. S. 1 cured, loose. 12V4c.
do., smoked, 13V4c. ; bellies. In pickle, accord
ing to average, loose. 18c: breakfast bacon,
ss to brand und average, city cured. 10c: do..
Western cured, 1818V4c; lard, Western, re.
fined, tierces, 14'4c. ; do., do., tubs. 144e.:
do., pure city, kettle rendered. In tierces. 1414c.,
do., do.. In tubs. 14 Vic.
REFINED SUGARS
The market was quiet but steady. Quo
tations: Kxtra fine granulated. 7.0007.03c. :
powdered. 7.7007. 7f.c. i confectioners' A. 7.800
7.55c; soft grades, 0.83 07.50c
FRESH BRUITS
There was a fair Inquiry for choice stock of
most descriptions and prices generally ruled
steady under moderate offerings. Quotations:
Apples, per hbl. Wlnesap. $8.5004; naldwln.
1304: lien Davis. $20.1; other varieties. $1.00
02.50: No. 2, $1.2502; apples, Western, per
Imx. $1.2501.75; oranges. Florida, per crate.
$.104.23: sranefrult. Florida tier prnln 11.7.14
3. .10; lemonds, per box. 203; pineapples, per
crate Porto Itlco. $1.5(I02..'O; strawberries, per
nt. Eastern Shorn and Maryland. 8012c;
North Carolina, 7010c; Norfolk, 507c.
DAIRY PRODUCTS
CHEESE The market ruled steady under
moderate offerings, but there was little trading.
9J,5,W'!n,i New York, lull cream, fancy, new.
17N 018c; special higher; do., do., fair to good,
held. lTt'17!4c.; do., do., part skims, 1101514c.
11UTTKJJ As usual on Saturday, there was
little, wholesale trading;, but offerings of de
sirable stock were light and values were steadily
maintained. Quotations: Western solid-pocked
creamery, fancy specials. 32V4 c. : extra. Soli 0
31'ic. ; firsts, 2OV4 03Oc; seconds, 2814 02!c;
nearby prints, fancy. 84c; average extru. 33c;
firsts. .11032c; seconds, 28030c; garlicky
prints. 211028c; Jobbing sales of fancy prints,
37040c.
KC1QS The market for desirable fresh eggs
ruled firm, with demand readily absorbing the
offerings. Quotations. Ill free cases, nearby
extru, 20c. per doz. 1 firsts. $7.05 per standard
case; Pennsylvania current receipts. $8.75 per
case; other nearby current receipts. $8.60; West
ern extras, 25c, per doz.; Western extra firsts,
$7.03 per case: Urate. $0.0000.00 per case:
Southern. 10.1500.43 per case; fancy selected
candled fresh eggs were jobbing at 28 020c.
per doz.
POULTRY
LIVE Trade was slow ani tne m.rket was
weaker under fairly liberal offerings; Quota,
tlons; Fowls, 1014 020c; roosters. 13014c;
springy chickens, according to quality, weigh,
lng 102 lbs. apiece, 28034c; white leghorns.
according to quality. 24020c, ; ducks, as to size
ana uuaiuir. mwiw., ixaruna, uia
ah I flrt rtlrrjtnna rA . -I
anfAQO,, An vmincr turn nn ( ' I St, Jl Z f V '
MJruL, 1 iv, ; umipi I've 'ii 4 ifjf miMV
URKSSED Receipts of desirable stock were
light and the market ruled rirm, with' demand
equal to the offerings. Quotations follow;
Wpitri.ltlllad Daultry. dry.narkrd Pnwli l- n
box. dry-Picked, fancy selected, 23c; weighing
ijn'
414 05 lbs. apiece. 2214 c,t weigh ng. 4 lbs.
apieco. iic.i wv.Kii.i.H an ids, apiece, yic;
weighing 3 lbs. apiece. 18021c; fowls. In bar.
rels. fancy, dry-picked, northern Indiana and
Illinois, weighing 414 05 lbs. apiece, 82c; do.,
southern Indiana end Illinois, weighing 4 lbs.
apiece. 2114c.;, mailer sizes. 18020c.: old
roosters, dry-picked, lflc; broilers, Jersey.
fancy, &O035c; do., other nearby, weighing
203 lbs. per pair. 40045c; larger sizes, 330
38c: ducks, nearby, spring. 22023c.; squabs,
per doz While, weighing 11 la lbs. per doz":
$4.7505.10; white, weighing 0010 lbs. per doz..
$4V4.U3; white, weighing 3 lbs. per -doz., J80
3.80; do., do.. 7 lbs. per doz., 12. 006(2. 00: do T.
do.. O0U14 lbs. per doz., $202.10; dark. $1.75
02.10; small andNo. 2, BOc.OH. ' ,,a
YEGEl'ABLES
The seneral market was quiet and without
Important change. Quotations: White potatoes,
per bush.l'ennsyivanla. $1.8501.40; Neir
York. $1.3001.85: Western. ll.80Ol.S3.' AVhlti
potatoes. Jersey,
f..5f.i'Se,7-.12?i.i .. Ji
75c; No. I other yorletles. 83075c; No. 2. so
040c Whlta potatoes, per bbl. No.' 1 Florida
$5.5005.73. Ko.. 2 Florida, $40450: No 1
Boutb, Carolina. $4.3004.73; No. 2 South Car
Una. $3.00 04. Hweet potatoes. Jersey Der
ssr. .i"T-.tu J- fzsu.vr.v -?"?? .""
tZ'J51;,"V.r7;"Z, " ."5Hno
amper No. 1. 75e,0$l: No. S, 8O08uc Bweet
ptafoes. Virginia, per bbl.. $1.5,O01.75bSioSV
1-. I:
ryl
lily
! 02.10;
;mr No, 1. 75e,0$l
potatoes. Virginia, per p
Texas. Dr cummer crat
?.. $l.BO01.O, Cabbage. Norfolk and Eaat.Vn
Bhore, per. bbl. crate. Jl 7302. Cabban. Nor.
iir.l h. rlda, per
per iuu
No.
folk, per bbl.. $1.7302. Celery.
bunches, $(.5002.50. Lettuce. Virginia ber
basket, $102.65. Ileans. Florf. p?r 5ask?t
Mr'iiTkhi i,:.:.it".v roSi'i'.??" on
U.7502.
3. .Eggplant, Florli
Radlshe. Norfolk.
boi. oasnet -irge, I2U2.0U: .mail
1 1
at
tnc
Bl.a,,'..1i!l'9i' Vfr carrier .Fancy. I303.no
"fPP"s. Jfionaa, per carrier; $1,730
)M. Zl.BOO3.SO.
Squash, Florida, per crate. $lV50ai.7S'. V;
2&ZbJs9.?il5i,. JUJ.KPl.'ta- Per.TiuiKh'
013c. iluahrooms. u.r 4-l'b. bVikiT" Vu.uSf?: . u
lino.
mhrooms. per lib, basket. 60c 011,
BAR SILYER
Jrt Irfindoq bar Hver wa ouoted at
I l-10d. oft H3- 'Xb New York prte4! wu
A much better lone prevailed In the bo.nd
market during the last week, the turn-ov-fr
havlnR been larger than nt any time In
several months. Prices wero a shade bel
tor and tlict'e appeared to be a more.earrer
desire to secure hlfth-grade Issues than In
the previous weok.
One bond man, In discussing the situa
tion, saldf "Tho bond market of the last
week reminds me of the conditions which
prevailed several months ago, when there
apparently was a scarcity of high-grade ?e
curdles. If the better prices now prevail
ing nre not Instrumental In bringing out an,
additional flood of foreign securities, I be
lieve the -healthy condition obtaining will
continue ',r some time, Recently consid
erable nmounts of bonds of American cor
porations for European account hqvo been
absorbed with readiness, and the dcnlerd
are now more active than they have been
since lost March,'" ,
Thero was a greater demand during the
week for Anglo-French Bs than had been
notlceablo recently, the tiuotntlon for the
Issue having touched 96 In yesterday's trad
ing on tho New York Stock Exchange, al
though tho majority of sales wero reported
at fr6m D501 to 957s. In some circles tho
better tone to tho market for this particular
Issue was attributed In part to the multU-
n.uauy lo tower ivvi -!,.: ""wi . .
not great. Cramp trust r.M.5h th,
Philadelphia n"p '".! " Hr. " i
rnttta rll n - .. --..o.fc iriltl k....- i.
w..... ..1, ,v iruciinn nB ,11., . - wnm. i?
Ktnlrln o."l" "'0 'i'OBotm. iKT .
....,.. , aiurairn r....... mi.
lng,
t Min
or tne cxcentinno n.i."- r'""y .:.
lost some of the ga In at the, ". '
"ff..?"e.0.f tnveakesnll'v '
i'"iB Dcioro the end of ihlii r01
In svmnnfhv ...in. .1.- .u DI l" flrit i
'tr-l
In symnathv wti,lVLcn.i" - nr.t
.n ... .-. " UUWflWfirJ 1.
."".',. 8l.r"l'.but recovered som.'M
In tho last hour.
some ef th8
BANK CLEARINGS UP AGAIN
Increase for Week 50.1 Per Cent. Vh
ntlclpliln Second
Philadelphia was second In the Incrense
In banlc clenrlngB for tho week, Bhowlng a
gain of E4.4 per cent, over tho same week
of last year. Total clearings for the week
were 4,603,094,96G, compared with $3,007,
672, E01 In 1906, an Increase of 66.1 per
cent.
Details follow:
1010. 1015. P.O.
12.40O.O77.H.-,r, $1,438.000.03 7170
158.233,1188 110,400,451) --37. 1
11)2,703,325 124 823.483 -.54.4
32,007,138 22.41)0,720 ..42.4
303,008,375 23ll.217.871l .-27.11
80.330,105 00,280,000 .-83.0
21.230,503 15,012,422 -4-80.0
New York . .
Iloston. . , .
Philadelphia
llaltlmore..
Chicago. . ..
Ht. Louis...
New Orleans
$3,231,434,421 $2,010,810,152 4-00.1
710,407.203 408,027,207 42.4
Seven cities,
Ave days..
Other cities.
0vo days..
Tnve1da1y'aC.l!l'$3,001,001,711 $2,314,707,410 07.3
Aonyiay.'.. 732,003.241 042.835.082 48.5
Total all cities,
for week.. $4,003,004,033 $3,007,572,501 50.1
Local Reserve Bank Statement
The condition of tho Federal Iteservo Hank
nt the cIobo of business May 20 compares as
,0"W"! RESOUItCKS. '
Ulay 20.
Gold coin nnd certifi
cates In vnult $0 700,502
uoid settlement iuna
l.filnnre
Oold redemption fund..
Legal tender notes, all
ver, etc.
Total reserve
Commercial paper ....
IJank acceptances ....
Total hills discounted
and bought ......
V. S. bonds
Municipal warrants . . .
Total Investments . .
Due from other Fed
eral reserve banks,
net
Fedcrnl reserve notes
on hand
Notes of national banks
and other Federal re
serve banks
All other resources...
14,881.000
50,000
735.703
22,370.350
1.035.747
8.402.044
A. 847.701
4.000,0110
4.078,784
$8,078,784 $8,007,530
May 10.
$0,717,450
10 074,000
50,000
8.-.7.150
21, .-,!). 11(111
057.208
8.000,22.1
0,023,401
4,1)00,000
4.007.530
4,002.354
188.115
20,020
181.781
Total resources ....$44,414,207
LIABILITIES.
Capital paid In $5,210,100
rteserva deposits net.. 80.110.001
dovomment deposits .. 8,031,022
All other liabilities ... 488
1,033.743
250,755
57.770
21.023
$40,000,520
$3,215,750
83,433,075
2.310,378
324
Total liabilities ....$44,414,207 $40,050,520
April Foreign Trade Figures
WASHINGTON. May 27. The preliminary
Ogures of the total valuo of United States ex
ports and Imports for April and for 10 months
romparn with tho figures for tho previous two
years as follows (000 omlttod):
MERCHANDISE.
April 1010. 1015.
Imports $217,750 $100,570
Exports 404,302 204.470
Excess ot exports. 180,542 134,1011
Ten months-
Import 1.722.422 1.874.180 1,572.114
Exports 8,401.120 2.225,82.1 2,045.774
Excess or exports. 1,078.707 851,034 473,850
GOLD EXCLUSIVE OF ORB.
Ant-ll
J ...WHO
1.502
t3,404
1014
$173,702
102,332
11.201'
Imports
Exports
Excess of Imports.
Ten months
Imports Exnorts
Excess of Imports
$10,203
813
15.3PD
$3,40l)
407
3,03
843,020
70,018
273,010
8.8.000
142.124
T54.033
SILVER EXCLUSIVE OF ORE.
April-
Imports
Kxporis .........
Excess of exports.
Ten months
Imports Exports
Excess of exports.
Excoss of Imports.
$2,157
4.835
2.008
28,228
48,035
20.707
$2,003
4,871
1.708
23.135
42.232
111, mm
t Excess of exports,
00.740
47.0HH
13.032
$2,213
4.542
2.320
20.740
4.1.4SI
18.731
FOREIGN EXCHANGE
NEW YOniC, May 27. The market for
foreign exchange showed the. usual lassi
tude today.) .About the only appreciable
change In rates was the slightly firmer tone
In Swiss exchange. Quotations were: De
mand sterling, 4.76 ; cables. 4.76 7-16.
Franc cables. 5,92i ; .checks. 6.9274.
rtelchsmnrks. 7614 and 76; lire cables,
6,36; checks, 6.37. Swiss cables, 6:21 U ;
checks, 6.22. Vienna, 13.20 and 13.25.
Stockholm, 29?; iff 29 Ti. Pesetas, 19,96
20,00. Guilder cables, 41; checks, 41.
Rubles, 30.65()30,70.
RATES FOR MONEY
New Tork .
Philadelphia
ltoston . ; . .
Chicago . , . ,
Call.
Mi 0St4
.1 03!i
SW 04
Time.
2tt MSVi
3 04
4 04U
4 04H
BANK CLEARINGS
compared with cor-
Hank clearings today,
responding day last year
1010.
1013.
Increase.
Philadelphia 130.702.222 $21,048,113 $14,844,100
O.IUO..IUO . 4,4111, IKIO
Iloston. .
New York .,303,015,550
Decrease.
0.2tl3.7rts
200,575,030 213,030,020
LIVE STOCK QUOTATIONS
PlIir-AnO. May 27 HOOS Receints. lo.nnn.
markets steady to 6c. higher; mixed and butch
ers. $0.40Mlsri: good ..heavy. $0.800.0.00;
rough heavy7l5.8O0i,45; light. $O.150l).8O;
plgs,'$0.-.'O0.l5; bulk. $0.6500.80. ' '
fiTTLE Recc'lnts.
beeves. $8.400 10.73; cow and heifers.
100; markets
steady!
I4.7.1A
0.83: Blockers and feeders. $6.2500.10; Texana.
$8.0000.30; calves. $8.50011.75.
SHEEP Rscelpts. 8300: markets weak; na.
live ana tvuicm, tituuv
1X83.
Western; $7.3000.80; lambs, $8,400
BOND OFFERINGS
FAirtFIELD, Conn., May 27. Charles
A. Itowe. first selectman, will receive sealed
bids until & p. m.j June 10. for JIO0.00O i
or 4 VI per cent. 8 A refunding bonds.
Stronger
Investments
The wonderful prosperity of the
United States has so increased
the earning capacity and the
t ti many of the companies
-lipsr rciirities we recommend
for investment that, while these
securities can still be purchased
to yield a most attractive return,
they are intrinsically strpnger
today than they ever have been
he fore.
For example, w Invite reaueaU
for Circular No. L-177, which
describes s, strong first mort
gage bond , yielding over five
$xr cent., (ax free, In 1'snna.
A. Be Leach & Co.
Investment Securities
J.15 South Fourth Street
fBihwielpfcU
Nw Tork . . Coleassj Buffalo
otn LoaJaa. fe, bHtn
- --ifr
FLEMISH-LYNN
SELLS AT NEW TOR
TVnrltnrr 'HTw A -i!
.e i.xum ACUVG nn n...t'
Than Stock Exchange-Krj
oo. in Demand
" ' t
NEW YORK. Mav 27ti.. ....
was far more active than the trading onT'
u.v in amcit lixchana. Mk .w Z
000 shares of United Motors changed hi 4
that stock opening nt 70 and decllnW ti 3
78, nnd there was heavy trading CL ''
.... ...w,D, WIcn rnnsed from 23$ told
Flemlsh.I.ynn was tho strongest feature u,.i
announcement of the contract yei(rfar 4
forcing; nctlve trading In that stock, whlca'l
sold nt a now high record of 1. J
A new high mark was also' mad. l I
Cosden & Co.. which rose from 25 titi 1
thnn tny. nn,n. ll...n ..ui .. .. M"M a
tridlni kt fTtt" - C,""S '" t4"7
The new department store stock t a
Kress & Co. was fairly active. wUH sals;
ranging from 71 to 74. .
Monlton Silver was the most active to. ?
ture of the mining group, with some limit
transactions In It at 2 and 2UI, foiJ
of I'aclflc Jtall preferred, when !jsuti!3
wero made nt 8974 and 90.- 4
Metropolitan Petroleum was ouftt. -uiu!?
...o w ., ..u uu.ci un biocks were , wuV ;
out special feature. i
In the late trndlng the market becimi'l
extremely quiet, reflecting tlfo desertion dl
mny of the Important Interests who hi4$
arranged for a long Memorial Bar hell; ':8
day. ',3
INDUSTRIALS. ,
Acme Tea fjl A!
Aetna Kxploslves ni! i?tf'ft
Ajax.Itubber Tire , Ofltl '
Amerlcan-Ilrltish Mfg .!!. IS 4
American Mnrconl , 3 jif'ili
Atlnnlln nnlf A IV I .. .5 'sj
ilo wfd
Harnott Oil
Canadian Car Co
Can Car & lMy pfd
Chevrolet Motors
Cuba Cane Hugar
Curtlfls Aeroplane
DMgss-Seabury
Emerson rhonosraph
!' emlsh-Lynn . ,
Ilaskell & Marker Car ..
ltendce Manufacturing . . .
Inter Mor Marino
do preferred
Kothodlon llronzo preferred
Maxim Munitions
Manhattan Trans
Met Pet ;;...;.
Mldvale Steel
Otis Klovator
Peerless Motors
Perlman Him
Poole Knolneerlnir
S 8, Kresee w I
Mnclnlr o
Standard Motors
Suhmnrlno
Triangle Film
United Profit Sharing ,
USIislI com ,
do nref ,
"nl'ni Motors
White Motors
World Film ,
STANDARD
Illinois
Ohio
Prairie Pipe
8 O of California ..
S O of New Jersey . . .
S O of New York
OTHER
Cosden Oil .
Chalmers Oil
Inter Petroleum
Houston Oil ',
Midwest Reflnlnc
Sapulpa Itellnlng
M1NINO STOCKS.
Atlanta
Ilutto Copper & Zinc
Ilutto ANY
Ccrro de Pasco
I'lrm .utional
Goldfleld Merger
Hecla Mlnlnic .
Howo Sound . .
Jim Duller
.Tiimhn lSxtenslvr
Keneflek SSIno
McKlnley Darrah
Magma Copper
Mines Co of America i
Nlplsslng
San Toy , ,
Ht Joseph Lead
West End Consolidated ....
imvnl
Cerro fls U Hi 3
C and O Bs ,..,. j? SJv a
Mldvale 5s i"J
NEW YORK BUTTER AND EGGS
NEW YORK,,May 27. nUTEIl-Ton, .HihUT J
firmer on ton 'grades. Other nulltl J ,
Receipts. (10S7 packages. Kitrcreofrrr
SOVic'i higher scoring. 80V4 esUlcs SUti?irrr
30c: Imitation creamery, MO.lc. .,.,,v.f
EQaS Trade dull and tone cenertllr WfBt-1
and unsettled, quotations unenmiw -
Sugar Prices Decline , $jt
NEW YOniC, May 27. While thj -g
dertone of the sugar features '-ViKm
generally steady at the ojienlng todsr. J
bid prices showed declines of Ji'".A
an advance of 1 point with first ! J.f
1000 tons. There was a little PiSi'f
from Cuban Interests with suport pojuM
from commission houses. ' . -'
J
,., T7.-
...m
'li-
OH, STOCKS,
1M
,.;30
.,213
:j
BH
2T
on, stocks.
2
!!!!!.'!!!!!!! io4
IJH
::::::::::::: ii
in
!1
:i5
MH3
?
m
12
11
:::::::::
T
.?1
9
1
15 .
8
16ii
.
4V
.: ! ilal
Pennsylvania
Gasoline
Company
clarSS.
business and the P"'D'm'nr t
shares which are now seuinf ,
par. 11.00 per share n.K1 U
&w-& Cu'r'b. ' Th.rac1rc5ur wUI
be mailed on requst
L.T.LftYTOH&G0;
Membera of Phils, Stock EcbaM
peal Estate Trust pWa-
Philadelphia, fa.
Charles J, Bender & C
INVESTMENT BONDS
JlemUr. PhH.delph' Stock K W?H
NORTH AMERJCAN5iJ
UUtkCIOBV OF ACCUNTiJ
" rllaed JuWkJUMuatBU
siwsfss i&lwm v
lP rT" -