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REILLY, 1R0CR A CO.-ANKERS
CITY
or
PHILADELPHIA
SECURITIES
306 CHESTNUT STREET
I'lllt.WIKI.I'ItlA
QlJNFllNkEY
Ee CoMBArnr
AUTOMOOILC BANKCRS
Offer special ficllltlcs. for In
dUIduals or automobile deal
ers to flnince the acquire
ment of pleasure car nnJ
for business litiuscs to finance
the acquirement of commer
cial cars or trucks It yuu
are thinking of purchasing a
car of any kind for any
purpose tho Kl.WVHY SVS
TUM will make a better bus).
oess transaction for you
fitAL LETA1E TRUST BUILDING
PHILADELPHIA
U.S.
LIBERTY LOAN
OF 1917
Subscriptions Solicited
GEO. S. FOX & SOWS
IMuMMird 18 7
Commercial Trust Building
Hrranton
rniui)i:i.riu
New 1rk
E. E. Delp Grain Co.
GRAIN
Expert soil Domt.tlo FUTVRS9
Correspondent
HAKTLtTT. FKV.IKR CO.
I IIIL'.MIU
453 Bourse, Philadelphia
Eivnte wires all Grain Market
embers Chicago Board Trad
INTERSTATE OIL & GAS CO.
Twtntytwo p-odutlnir wells In hpurt
of Humble nlds Toxia
Information roncrrnlrc present
dividends and further dewlopmpnt
THEHAVILAND-ARMSTRONC CO.
1418 Walnut .Street.
Philadelphia.
THK FlIlM NAME.
Herbert G. Stockwcll & Co.
has this day been cha-ieed to
Stockwell, Wilson & Linvill
(Certified Public Accountants)
the partnership mterests and organization re
training unchanRed
0 a iiEiiiii.it r a stockwell. c. p. a.
ttll.l.HM J UII.SIIV C 1 A
WALKKII K LIN'VILL C P A.
lain Land Title lliilldlnx.
I'nlladi-lphla May 1 1017
e
imiDHMlS
THE CENTUM. TION M, BM. OF
rlilLAlH.I.rillA
May .1 1017
The Directors hae this day declnrpd a semi
annual dlvlderd of eight per rent, and an
extra dlmend or two per rent out or the
li.t fcly month nriitltw. frie of tax. pijablo on
demand.
W'JI Y
CON HAD
t'ashler
I'.MIIN NVTIOSAI. 1IM
Philadelphia l'i .M ly 1 10t7
The Directors ha this da declared a semi
annual dividend of four (4) tier lent, also an
extra dividend of one (1) per rent, enable on
demand fre of tax, and have added t ill OWl
to surplus Fund maklmr that ltim I45U OOli
checks will be mailed
i adnipr
I.Ef.AL AIlVEKTlHEMnNTI
-- IN 1IIK UKl'HXNV ItOLItr lOK THE
USE? luuntr uf Philadelphia.
Estate ot Charles 11 Mhuubel. dtcaacd
Notice Is hereby clwn that the widow of
the .aid decedent has filed In the said Court
ter petition, with an Inventory and appraise
ment of the estate of tho said decedent, Charles
H Hchaubel. wherein the sum of I30n n cash
I. elected to be retained by her, under tho act
( April 14. 1831. and Its supplements, and
that the lami will be approved by the Court on
VrrldaV. May 18th. 1017. unless exceptions
thereto be tiled before that time
tnereio i LAMON ICINCADE.
Attornes for Petitioner
N'o :nt nuiietin nidi
BinVxTnTAll XTTTI-Wrci I I Wew topic St och SnteT" I "New York Bond 'Salet III . ,
7
FINANCIAL NEWS
BIG INTERESTS IN WALL STREET WAIT
FOR DETAILS OF GOVERNMENT LOAN
X
Much Attention Shown in Visit of Secretary McAdoo for
Conferences Most of Price Movements
to Lower Levels
High Points in Today's Financial News
Waitim disposition shown in Wall sttcet, with bitj interest waiting for
details of Government loan. Most of price moicmcnts to lower levch. Specu
lative intciest laipcd on Cntb. Wheat and cotton lower. New York banki
lost $ 1 00, H5 1,000 on movement of money in week. More iold sent to Japan.
I'ricc of bar silver unchnmed,
'
Ni.W YOMC, Mny 4
The ntocl nnikct nIioc1 ii uiiUIhk iIImihisIHoii nil through the tln. with
the attention of all Important interest! Ucxntetl to tho lslt of Secretary McAdoo
and his coufeieiico at the Hatikern' t'luh with the lendltiR Ilnanclers In this t Ity.
I'ofidliiK ileflnito itnnoiinciinent In tesaul to tho details of tho tioornnient
I'ond offultiK and termt of suhscrlptlon, Institutions and individuals lontrollhiK
avallahle fundx held aloof from Hecurlty tiutlliiR In order In ho prepared to
liattlclptto In the CJn eminent loan, and their iil).ente from the market left
IuIlu movements to n meat extent In the hands of the piofesslonal Hpeculatlo
eiemint. whleh has been persistently (ommltted to the heal .side
Tills made the market toiidttlou one In which huslncss lonslsted almoit
wholl) of Hlmrts nellinK to shorts It was Insisted that there was soirn llcpida
thin In the lalluin Issues, p.utly in oulei to provide funds for Government
bond pnxmentM b IntcnilliiK subset Ihers, and there may hao been rxiinc basis
foi these Hntements, as the net eauiliiRs In the leading lallroads hitvo been
m unfavorable In the last two months as to make m.mv holder' wIIHiik to
shift their Investments to (lovernment Issues because of the assured llxod
lnteiest into and the Immunlt.v from taxation
Vlrtiidll all the lmpoitnnt moviments In the day's market were to lower
(inures. Norfolk and Western declined fl points to ll"?,. and Louisville, for .t
Ioiib time Inactive, diopped i points to ll'i Mrtnv of the othei railway Issues
sustained losses laiiKlns from 1 to .T points. Tlie Industilals Kenernllv were
under pressuie at times, but showed a pood tallvhiK tendenej, and 'osses in the
Issues vveie in inot eaves eonlined to model ate amounts
There was tiadliiR on a Hi i;c scale on ull the foielwn f'.oveinment bonil
Issues, with tlie prlets of thoho ieeurltles Keneially maklnR fiaetlonal Rains.
AiirIo Krelich Is, after i-el ItiR at 92'i. lose to 92Ts. San Kianclsco fis declined
fiom "lOi, to 9.
SOME CURB ISSUES MAKE GAINS,
BUT SPECULATIVE INTEREST LAGS
.Ni:V YOKK, Ma A.
Tho tr.ulltiR on the Ilro-id .Stieet Turb continued Influenced by the unsettled
situation on the .Stock lchalic;e. but Mime issues weie in Rood demind and
made fiir pains in spite of the Rencral absence of speculative Interest on the
Ioiir side.
All Iteduitlon was iiRaln in tlem md. advatuiiiR from 72 to 7-t. There was
a bitlei tone In tlie tiadlni; In Aetna i:plostvos, which r.mRcd fiom 2Ts to
3. TiiaiiRle nim. Ill which t.'ieie his hi en peislstent 1iu1iir by Interests
affiliated with the in.iniRemeut, sold at W to Wi
The adoption of new policies bv the companv followiriR Iho assumption
of active manaRiment bv new interests Is understood to have already added
largely to prospeitlvo larnlngs of the companv and to have caused a sub
stantial change in both Its financial and business po-ltlon.
There was a continued Rood demand for Magnate, which sold at S2 and
SJ cents lllg I.edRe ranged from 3 to . TVs Cheviolet sold at 100 and JC United
Motoi lunged fiom 31"h to 317n Tliete was pionounced wiakncss In Itusslan
bonds, the G'-s MlllnR at 89 and T.Us die lining to SO.
IMIl STIU M.S
ma
Ye1! i In
Vslinl Is lie)
American !'. dm tlon
American .stores
Amer'ian Sum ilia
Aetna i:ploslves
Amerlun Ilrltish .MfK
Ainerlc in Marconi .
Amercan Writing l'ap
r.i.iadlan 'ar I'o
fan far A: l'd picf
( harcoal lion ...
flieviiiku Motors ....
f ramp
furtlss Acioplane
farwen Tool
failion Steel
i:verett-Heane
lanerson I'lionoRraph
I'edpral Die
tlaskell .? Iianter far
Hemlee Manufactuiing
Kathodlon Dioiuo pref . .
l.ako Toipedo Uoat .
I.ehiRh f oal Sties . .
1.1m t Locomotive! .
Mnim Munitions
Marlln Arms .
New York .shipbuilding
National fomlult
North Am Paper Pulp
Otis Klevator
PeerlehM .Motor .
Poo. LnRlno
Pierce Arrow v
Itedilpil Tiuek . . .
Stnta fee ilia
Santa feclll.i pref
Scrlpps-Hooth
S S K I ege w I
Standard Motors
Steel Alloj s
Submarine . .
St Joseph Lead
Todd ShlpbuliillnR . .
Trl.uwlo Film
X'nited I'mflt Sharing
United States SteamHhip
United Motois .
United Sugar . .
World'H Film .
Wrlsht-Martln Air .
Zinc. Concent
17
-'4 '4
.1
K
t'Al
IIS
un
-l
I Hi
KO
S '
til
tH
.11
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7
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71
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III)
ii"t
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7S
as
24
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.17
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01)
ill
111
17!
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an i j
3 Vi
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ai
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H
0 1
.-I
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81)
M
:n
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r,i
11
mi
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lliK
3d 07
til
11
l-Vi
7'
tt,
1H
K0
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'in
V4
Sll i
xo
INIIEIT.MIIINT Oil. STOCKS Cuntlniieil
Ves elose
llollstou (HI . .
Merritt CHI .
Mldvest llennliiR
Mi t Petrol
Ohio Fuel
Oklahoma lleflnliig
O'.ige I loin Illy
P.lee
Sapulpi Iteflnliig
S qlio.v all
West i:nd o.X. IS
HI I
in
13?
Ill
in
It's,
!',
Ill
AhUd
21
HVi
IJ1
in
ll)ls
1
13 1
inTs
MIMMI STOCKS
1
1
31.
an Vi
i
sTAMIAIll) Oil
Illinois 223
Ohio 31
Pralrio Pipe . sot
Stand Oil of California. 272
Stand Oil ot Now Jorsey.dll
Stand Oil of New- York .2')2
imiiii'iimiiint oh
Harnett Oil As Clas 4 2"
f osden Oil 1 2 Vi
foselen d Co . . .. ' 'i"j
Flk Basin .. . . mVi
Federal Oil Vi
Inter Petrol 13
22K
J0II
30K
271
Oil)
291
STO Ks
2
I2j
1.1
ID'i
U'-i
010
31)2
120
in 14
.lii
13
Alaska Staiidaul .
At!. ml 1
Dig Ledge
Ilicbee fopper (a pros)
Butte fopper S. Zinc
Butte New York . .
fatillboj
foil Aliz .
Umma fonsolidated
Fit st National . , . .
linleltleld Merger
(loldllcld fons
(iililflcld Florence .
Joldtleld Kewanas .
(iteen Jlonstcr .
Heela Minim? . ..
Howe Sound
Indepeiidcncp Leid .,
.Icrome Verde
Jim Butler
Jumbo Intension
Magnato fopper
McKinley-IJarraRh
Magma fopper . . . .
Mother Lode
Mines fo of America
Nevada Hills ....
Vtvada Wonder ..
Nipisslng
Hay Hercules . . .
San Toy
Stewart . .
Tonopah KMenslon .
United Verde
West Knd Con ... .
White oaks . .
White faps
Yerlngton
n
in
.1
,11)
in
14
-u
.1",
II)
l"l
70
37
H3
.10
tt
28
I 'Si
311
Hi
-'.I
314
'i
3
30
711
314
I'd
27
4!)
12
3'h
".
ll'l
134
7 "4
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H
2 '4
A
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21
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n
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71
in
81
.11
10
31)
7
31,
1.1
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3 in
30-),
73
I 14
20
47
II
3K,
8
IA
.11
II
Hi
an
8:
3i
1214
ft
a ft
.ion
Hi
28
BONDS
American Smelters lis... 9 1
Atlanta Charlotte 6s ... U7
Bethlehem Bs . 8
f osden Oil Cs . 101 14
foselen &. fo 6s . . loo
C'udahj lis U8I4
Urio Es . . . . . . 8
Itusslan Oovernment 5Va 80
Husslan Oovernment fl'is 00
Southern Railway Cs 07
Todil Shipbuilding lis 100
N Y Stato Is H)51i
New Haven Bs bj
92
OK
98 '4
103
101
99 '
8i
97
102
101?J
01
OlYl
9814
98
102
fill
81)
90
97 )i
: JJ1ATK Of M.VU1 MUl.Ll.S e.li,L.l,ei.,
W$? iieeeased Letters of administration cum
teatamento annexo on the above estate havlnu
hein uranted to the underslsncd, all persons
ind.buit to the said estate are requested to
tnVTic. payment, and those havlne claims to
Sresent the ,ame, without delay, to
v WILLIAM J MULLIN.
917 Daly st.
rrHIp9,itK,5ti.MANN.
40R Llncolnnidic.
"3T KSTATK or IllNl'IELD H. PL'OII.
fc? deceased Letter, of administration on
the above estate havlnc been granted to th
underslened. all person. Indebted, to the .aid
catata are requested to make payment, and
those havlne claims to present the same, with-
THE,,"lfiMMOsiVVnALTII TITI.n INS. AND
litUDI --.. -.. .w vm-. -.-.
Or to It. attorney.
BOnT. W. KINLETTElt.
1833 Land Title Wdg.
ANNUAL OF YOUNG BANKERS
Py Local Chapter of American Institute to
Debate Agamsi iNew iorK
The annual meeting of the Philadelphia
ti CHapter American institute 01 uanmns-
''tsjvUl be lieiu toniEnv 111 nimon luuuurium,
s) wifteiith and Chestnut streets. The elec
tion of officers will be followed by a smoker
a .lit. ......t.i I nma Tt to ana
una vauuevnio . wi.. .....-. . .- ..
dally to be observed that, whlje the meetlne
'will be of ft social, nature, admission will
'be restricted to chapter members only.
' A delightful program haa been Arranged
for the Consulate 'and Educational dinner
which will be given on Saturday. May 12,
and the New York Chapter will be met In
debate on Wednesday, May 23. In New York
lty. The question which will be debated
lL flResolved: That the United states after
tk present war should so far depart .from
J" Tj..i.i....i nAlirtlAM an tn nartlclnate In
Iter, tr'ii """-- - - " -
TIT 1 ! n a lenirtier of Powers to
prs.iiiiiuii v -w-- --
peace.
irkinlAr will tie reDresented
of fne oov queavion
- FOREIGN EXCHANGE
NI'.W YOItK May 4 Tho market for
foreign exchange In tho early dealings to
day was dull and somewhat Irregular In 11
very nanow range French exchange and
guilders were easier, while rubles, lire, pe
setas and Stockholm were steady.
Quotations follow
Demand sterling 4 "S 9-lfi, cables
4.70 7-lfi, sixty-day bills nominally 4.72U,
ninety-day bills 4 7014.
Franc cables 5.70'i, checks E71Vi.
Lire cables 7 01, checks 7.02.
Swiss cables 5 13V&, checks S.14V5
Guilder cables 40, checks 404.
Itublo cables 28, checks 27 30
Pesetas cables 22 10, checks 21.90.
Stockholm cables 30.12. checks 29.90.
Chrlstlania cables 29.00. checks 29.40.
Copenhagen cables 28.30, checks 28 10.
MONEY.LENDING RATES
NEW OIlK Money on call opened at
4 'per cent, high 4. low 3, last 3',j, closed
314 it 4, ruling rate 4 per cent
The market for time money 011 collateral
today showed a further hardening, some
maturities advancing 'i per cent In the
longer loans. Kates on good mixed are
quoted at the highest figures In a num
ber of months and from 1 to 2 per cent
above the figures emoted In 1916 and 1915.
Hates are 44H per cent for sixty days,
414 if M percent for ninety days and 4!4ti
4i per cent for four, five and six months.
Industrial loans are tt per cent higher than
the above.
Prime bank acceptances are quoted at
43H per cent for Inellglbles and 3S03
per cent for ellglblcs. Trlme mercantile
paper Isidull at a minimum of 4& per cent.
PHII.AHEI.rniA Call, 4 per cent.
Time, 414 (Pi per cent. Commercial paper,
three to six months, i'AtPtii, por cent.
N. Y. BANKS LOSE CASH
Net
High. t.ow. Close thire.
Allls.Chnlmers.Co. 24
do pref 82
Am Agr fhem 112
do pref inl
Am Beet Sugar 11214
Am fan 4 1 VI
do pref . mi
Am far & Fdry fo nia'i
Am Cotton Oil 40li
Am llldo Lthr 12
do pref ... (II)
Am Linseed 211V4
do pref 7
Am l.ocotnollvo 00
do pief . HI2
Am Malt picf . 01)
Am Smelting . .. Dili
Am Sin pr A . . . 9814
Am Steel Fdry.. . fla'Ji
Am Sugar, . , . llo'h
do pref. . . 11814
Am Tel S. Tel 12 114
Am Tobacco . 19114
Am Wool 1814
do pref . 97 "A
Am Writ Pap pf .1914
Am Zinc Lead 291.
Anaconda . 9
Atrhlson loo's,
do pfd 98
Allan Coast Lino 111
Allan Oulf & W I 99' 1
Baldwin Loco "Ti
Bait o Ohio 7I.
do pfd 7'i
Barrett Co I08-),
Beth Steel pfd 120
do II 120I1
Illicit Up Tt 0v4
Butte K. Kupr fpr Ills
fal Petroleum I9K.
fan Pacific . 1MV.
far r K 0 . 21
fent Leathei 8 Hi
do pief 112
ferro de I'awo . 3 Oi
f handler Motors 1)11
fhes A. Ohio . . "'
fill Ot West pt 31
Chi M & St P 77 '4
do pief 1 1
Chi ei .Vnrthw HI
Chill Coppct 22
Chlno Con Coppit .11'i
Col Fuel A. Iron 10 '
Col (las it. Lire II
eomp Tali l
Con Has P. LAP IM'i
Consul lias 113
font Can I'!'"
Coin Pioduets 2 Hi
do pief mn
Crucible Sleil ni"s
Cuba fane Sugai II h
do nrif ''I
Del A. Hudson in'll. 100
Denvei e: It f. io'A in
Dome Mines IP4 I Hi
Distillers Seem 1.114 l!'4
Drlggs-Seabur 71 71
L-rle . 31'h SI'S,
do 1st pref 391, 38
lo Jd pref ' j 3D
flen I lee fo 101 LVl
fen Motors 101' ( ltH4
ilo pref on 891',
(ioodrieh II F .10 4914
Oreat North pref li)Kl3
Ot North Oie subs 31',
tireetm fan fop I '14
(iulf State Steel I III
Illinois Central ml
Int Agiicul 1
do pief . . A0'4
Iiihplra Coppei "'Ii j
Inter!) Coin Cop 10
do pref ftO
Int Hinv of N J 111
Louis . Nash . 12414
Int Mcr Marine 27 Vi
do pief 781i
Intel nl Paper 3ia,
Int Nickel . II
Kansas Cltv South 20
Kelly Springfield SI 14
Keiinecott foppu llli
Lack Steel 83
Li high Vallej 0114
Lee Itubbci .s Tire 17i
Jewel Tea . . 48
Mackay Cos pref. 0414
Max Motors ... 18
Mav Dent Stores . S8''
21
8114
9114
101
9114
41
101
01
inii
I2V4
A8
19
Art 14
l.1"l
in:
A9
nny,
98 V4
A8
110'i
11814
122V.
191
I7"
97",
39 Id
29 li
77'Ji
too
97
111
1)0
A 2 14
7l'i
70,
107
121)
118
no
IV.
1 9 1K
110
34
82
112
31 14
!l'
.17 ' 1
.14
70 li
I I.I
MOV.
2l"i
13 '4
114
101
10
mil
11314
91
2.n.
99 K,
1.0
11
91
21
8114 Vi
9114
101 V4
9114 V4
II IVi
101 1
01 Vt
10', Ii
13 K.
A8 14
20
A014
01
102
A 9
901k
1)814
.18
II0K,
11814
14114
19.1
47Vi
1)7
3014
20 y.
77
100
1)7
111
971 1
A214
71
7014
107
121)
118
OOVh
1 1 li
19
i.m
21
Ri's
II!
31 Vi
Dl'i
A 7 11
.11
77 y
14
1
1.
'.
-e
f
I
-111
I l.i
lloli
2
I
2 1 14
A 2 14
111, HA
in
tn
mil
1I3H
III
33
99
IpI)
1.1
III
108
It)
I Hi
1114
.1
3.114
.18
.10 li
I.VIVi Ui
101
89 -
IB 14
',
14
1
',
Vt
1st
Mi
14
-A
$2000 Adams express 4s.
Ainu) Aiher Art As,..,,.
41IA1MI Annlo.french As ..
a.'iKMi Am Korelmi Hce As
1 mini Ainer rei ns
liHiii Amer Toluiitn 0s
loon Armour Cn His
hood Atrhlson 4s ....
Inismi Halt & Ohio v IHs
lilHHI Call (lovl As 1IUI
1 .'111 II I ,n ,- lli.'ll
lillllll ! An 111,11 .
1SIIIHI ('Ins & Ohio l I'is
Mil") 1I11 ninv As
MUM Chi lit West 4s
I111111 cm Nwn .t
soon Chi k In. I l( It 4s
ilfniKi Chi 11 ( u r l
lillllll Chl II i) HI .Pi.
Illllll L'hl .VI t, .st I' Is 19.'
-''Mill ,lo illv 4s,
Iiiioii ilo pf ij.
Aihiii do eonv As
S.ioiki ilo ev 4'is
lsixiil ilo Ken t'ts
l.'IMIll ( K I A. P An
.Illllll Col Industrial As
'.'mm Col Midland 4s
2 111 it City of Paris (Is
Illllll romp Tib Hie l'n (Is
IIHlll I' ev fin l'i K HI I.
Illllll llelrolt Unite. I m.
lnfl 100'i, 1
.10 !k
.Hex Petrol
Miami fon Cop
M & St L new
MSI'iH St M
M Idv ale Steel .
Mo Kan & Tex
d' pref .
Mo Pac ctfs .
elo w I . . .
Mont Power
National Biscuit
871,
. 39
. 18
if 101
A01,
A 14
. 13
. . 0
. . 2014
..10014
101
Report fpr Week's Currency Movement
Shows Big Reduction
NHW YOllK. Miy 4. Attention has
been called to tho discrepancies now fre
eiuentlj shown between the results of the
compilation of tho traceable movement of
funds each week and the actual bank state
ments, due to the paramount Influence In
local monetary operations of the New York
Federal Ileserve Bank The effect of the
hhlftlns of accounts by that Institution Is
greater this week than In any other week
within at least n year, owing to tho In
terchange of United States certificates of
Indebtedness preparatory to the offering of
the llbertj. loan.
The Indications this week point to a loss
by the local Clearing House banks of JI09,
251,000. a credit by the New York Federal
Reserve Bank at the Clearing House for
the week of 90,669,000, and a loss by the
banks In nddltlon of J 18,773,000 to the
Subtreasury contributed to the total.
BANK CLEARINGS
Hank clearlnca today compared with corre
sponding day last two tears:
.. 1917 1916 1015
J??,.,on, 1. .42.H.1A2 134 0411.072 t2,4n 331
PhlladelpHa A1,41(l.8.'7 40 OOlTntl 5(1 T18.8S1
New York. .573,031 A44 508 (INO.JAO 414 5'jo 091
ChlCMO . ., Vl.440,117 O7.B07.441 50.T0J000
llalt more .. 0.311039 n OHO 981 A .170 048
St. Louis ... 21,0.'J,1D3 16.474.251 12,519,052
Granulated Sugar Firm
' NKW YORK, May 4. Fine granulated
sugar Is firm, with the American Sugar
Refining company quoting 7.50c. quota
tions of other refiners range as 'high as
8 50c. The last sale In tpot Cuban raws
was at 6 27c.
Philadelphia Commercial markets and Other Financial Newt
- on rage
-x
Nat Uiiam & Stpd 30
National Lead . 51
Nevada Con Cop . UVi
New York Cen 011I4
N Y N 11 & 11 3914
Norfolk & West 121
North American 01
Northern Pacific 101
Ohio Oas . 133
Owens Bot . Ill
Pacific Mull 3114
Penna It H 52 li
Peo Oas . f . 8014
Pcre Matquetto ct 20
Philadelphia Co . S.tVi
Pitts H West .. 21
do pr fiOKi
Pitts foal ctfs 4414
Pittsburg Steel pr 100
Pullman Pal far. .1.11
lly Steel Spring.. 47 Vi
elo pfd 971i
Hay fon Copper . 28
Heading . 90
Rep Ir &. Stl. .. VIV
do pfd 10114
Royal Dutch ... . 0H4
Saxon Motors ... 48
St L &. S F... 1714
do pfd 39
S L & H W . . . . 28
Sinclair Oil 52
Seaboard A L ... 1314
do pfd 30
Sears Roebuck . 17214
elo pfd . ... 121
Sloss-Sheff St & I 46
Southern Pacific. 93 li
Southern It It . . 20 Vi
do pref . . .57
Studebaker . .. H714
Stutz Motors . 43
Tenn C011 &. fhem 10
Texas Company ..29814
Third Ave R R ."23
Tobacco Products. 53 Vi
Un Bag & P new 80
Un Bag & Paper,. 1 1 Vi
Union Pacific . .1311,
do pfd 70
Un Alloy Steel ... 42
Un Cigar Stores.. 07 Vi
United Fruit ,...133
Un Ry Invest 8
U S C I P & Fo.. 1814
U S Express 18
U S Ipd Alcohol.. 11014
U S Ind Alcohol pf 98
U S Realty & Imp 11
U S Rubber .... 60
U S Smelt & Ref. 54
an
12
130
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18
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lr.dilil liipaneei new (1 s 414 s 7ni
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lllinil l.k Hho-e d, 1. In lull IIJ'i
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.Illllll V V Chl A St I, 1st In 113
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l"ls
History of
United States Loans
We have prepared for complimentary distribution a
booklet with concise and interesting information
about the financing of our Government from the days
of the Revolution to .the present time, including the
Liberty Loan of 1917.
The booklet also compares the resources and debt of
the United States with those of England, France and
Germany. All previous loans of our Government are
listed in detail, and interesting computations upon
the effect of the. proposed new Income Tax arc
included.
Send for a copy of Booklet No. 2518-B
William P. Bonbright & Co.
Incorporated
Morris Wistar Stroud, Jr., Manager
437 Chestnut St., Philadelphia
New York Chicago
London
William I. Ilonlirlslit A Tn,
Boston Detroit
Paris
llnnbrlglit A L'n.
im
i
4
mil;
Hi',
1 oi)'
nojs
Km'.
70
Tot ll Mile. 9.1.010.000. romnureil
Vl.'lim.OOO jekteriluvi thus far thin week.
ntth
Sll),.
A.lll.ODOl sn me period last week, 17. 710,000,
Cotton Buyers and Sellers
N11W YORK, May I. May Burnett
bought, fone and Rosenberg offered
Jul Roce. Bartlett, R Hubbard,
I lent!', Newman, Schlll and Rosenberg
bought, MiUnau), Hngedorn, Gqcr, Roun
tree, llyman, fardoza, Fllnn and Allen
sold
August Rlordan jind Munds bought;
Parrott, f. Hicks, Ilents nnd McEnany sold.
October Rosenberg, Schlll, Hopkins,
Martin and Cone bought; McUnany, Fllnn,
Orvls and Hyman sold,
December Hopkins and Mitchell bought;
If man. Orvls, I'atman, Mcdee and Bart
lett Mild.
January Scllar bought; McUnany and
Geer sold. "
a?'c
e
!)
hti
OS
S
iVT
m
msksmm
it-
h'4 -' .
Cheaper Gasoline
A simple process has recently
been perfected whereby Gasoline
is reclaimed from a Natural Re
source at a cost seldom exceeding
r lve Cents per gallon.
The production o Gasoline bv
this method already constitutes an
important and rapid
ly growing industry
in itself, and yields
unusual financial returns.
SB,.'"
life"
MS - . e I
PWk s - MAl
'V,M1 I I w I H V,
fllWsOURCElI
Ugasoun!1i Ik
llil Jf 1 ffl A.S. MITCHELL & CO.
h f ltm kz Broadway
BB Xm w New York ll
iKB 1 it f'WM 1
Investors interested
in getting the facts
are invited to write
for our Booklet 20,
which Will be sent
free upon request.
"Do Your Bit"
v.
1
w
51
V H Steel
do pref 117
Utah Copper . ..Illy,
Utah See Corp ..19
Va Car Chem ... 43
Va Iron C & C .. 67
Wabash U
do pref A 48
do pret B 24
West Marylani . . 20
West Union Tel... 0394
Wostlngherufe Mfe. 41
West I'ac RH .... 13
do pref ....... 40
.114 113 113
Woolworth
Wheel & I. K...
do pref ..... i
White Motors . . .
Willys Overland.
do pref ......
Wilson Co :
.130 139
14
3
45
29
03
7
117 117
113 113
10
43
60 4
11
47
24
20
osyt
47
13
40
120 1
13
.13 1
44
20
05
72
10
43
on
n
47
21
20
03
47
13
40
13
33
44
20
95
70
Total sales. 681.000 shares, rompared with
890 BOO share, yesterdayi thus far. this week,
A, 811, 100 shares! same period last weak,
3,295,800 .hares,
'Ex dividend Goodrich. 1; Illinois Central,
1V4; Cruclbl. Steel preferred, 3.
Gold for Japan
NEW YORK, May 4, The Subtjeasury
haa transferred $2,000,000 to San Franclaoo
on account of shipment of an equal amount
The United States Government
LIBERTY LOAN
$2,000,000,000
MERICA has thrown her lot with the Allies. The authorities
at Washington announce that the situation is alarming. The
honor of America is at stake. The war must be financed, and
each man, woman and child in the United States must bear a
portion of the load. Every employe of this company and of
the National City Bank, with which we are affiliated, within the
United States, has, without exception, on the first day of the
announcement, enteied a personal subscription. The spirit of
America calls upon you to do likewise and
-cl.,
Do l Now
The coupon below, clipped from the advertisement, filled
out and forwarded to our nearest office will mean the entry of
your subscription.
This service is rendered without charge Unless specifically
instructed to the contrary, subscriptions received by us will be ,
entered, in due course, at the bank from which your funds will
be withdrawn. Should the treasury department instruct that
such subscriptions be entered through the Federal Reserve Bank
in your district we will act accordingly, stating the name of your
bank for purposes of redeposit of the funds.
While no definite statement has been made by the treasury
department as to the denominations of the loan, we understand
that bonds will be issued in denominations as small as fifty
rl 11 N
SUBSCRIBE AS YOU ARE ABLE
The National City Company
National City Bank Building
New York
COIUIESPONDKNT OFFICES.
rilll.ADEI.rillA, PA.
14J1 Chestnut HI.
piTTsnun.aic. rx
I Farmer.' Hank Hid.
WIMCKH.IlAnnHI.PA.
Miner. Hank Bld.
ponTLAND. 1B
R'way Exchange Midi.
BAI.TIMOng, MD.
Munsey Dldg,
BUFFAI-O. NY.
Marine Hank Hide.
ATLANTA. 3A
Trust Co. of Oa. Bldi.
LOS ANGELES, CAU
Hibernian Bid.
BAN FIJANCISCO,
421 California Bt.
.. PETJIOIT. MICH.
Dim. Bank Bid.
KOSTON. MASS.
10 Stato Street.
ALIIANY. N. T.
Douw Bide.
KANBAB CITY. MO.
Uepublio Hid
SEATTLE. WASH.
Hose Bid.
ciiicaoo, ri,
137 Bo. La Salle Bt.
ST. LOUIS. MO.
Hank of, Commerce
Bid.
CLEVELAND OHIO
Quardlan Uld.
MINNEAPOLIS., MINN.
McKnlfht Bid.
WASHINGTON. D ,0.
741 18th St.. J4. W.
DENVER. COL
Tlr.t Nt'l Ban Eld.
LONDON, ENO., I Lombard St,
Cut out arid mnil this coupon to our nearest office
Subscriptions to Liberty Loan
To the Honornble, '
Tho Secretary of tho U. S. Treasury:
'nir-WVoW116 to th? Unlted statca Government
LIBERTY LOAN, payment upon which is to be mado
on July 1, 1917, at the official terms. My subscription
is in the amount of $ .My check will be drawn
uPn (Bank)
......... (City) (State)
wish that the subscription shall be
entered by you in the. bank upon which my check will
be drawn.
I do,.
Name f ,
Street Address ,' ,
City and State ,:.
i
ffvJ
Jr M -Hwwr,.
of aold t.o Japan. ,1 ' j .
K
,
.
4.j.yji.,,t,"4
. -v , wn'v I jfeiV.sy
irn;'
HBgHBKM9flBHB
liA" " ' .
' t JXA&JMtFXJiMl
l.
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