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UNITED, STATES
GOVERNMENT
LIBERTY LOAN
THE TREASURY DEPARTMENT
CONTEMPLATES MAKINQ DE
POSITS OF THE PROCEEDS OF
THE LOAN IN THE BANKINO IN
STITUTIONS FROM WHICH THE
FUNDS ARE WITHDRAWN;
WE THEREFORE RECOMMEND
ALL INDIVIDUALS TO ENTER
THEIR SUBSCRIPTIONS AT OR
THROUGH THE BANK ON WHICH
THEY EXPECT TO DRAW, AS WE
FEEL THAT THIS IS THE MOST
ECONOMIC AND EFFICIENT WAY
OF HANDLINO SUBSCRIPTIONS
WITH THELEAST DISTURBANCE
TO THE FINANCES OF THE
V COUNTRY.
ANY INFORMATION OR ASSIST.
ANCE WILL BE GLADLY FURNISHED.
REILLY, BROCK & CO.
BANKERS
306 CHESTNUT ST.
rillLADELt'HIA
OMNFiNNEY
& COJIPANY
AUTOMOBILE. BANKERS
Ottr special facilities for In
dlTlduals or automobile deal'
ere to finance the ncaulrp.
ment of pleasure cars and
for business houses to finance
the acquirement of commer
cial cars or trucks. If you
are thinking of purchasing a
car of any kind for any
purpose the FINNEY SYS
TKM will make a better busi
ness transaction for you.
RIAL LSTATE TRUST BUILDING
PHILADELPHIA
Charles J. Bender & Co.
INVESTMENT BONDS
Vtmtxti Pnliadelphls Stock Exchanis
NORTH AMERICAN BLDG.
CARAHER & COMPANY
y Inc.
BONDS
Investment Securities
66 Broadway New York
Philadelphia Pittsburgh
Cleveland Chicago
Boston
Cincinnati
i.eoai. AnvKitTmr.ME?rT5
fZgr' IN 111K UUiHAJjs- CUIIKT "K THE
aw LounU of fiilmuelphU.
Estate ot Charles It. bchuubel. deceased.
Notice Is hereby nvtn that the widow of
the said decedent has nied In the said Court
her petition, with an Inventory and appraise.
Sent pf the estate of the said decedent. CharlM
. schaubel. wnerein the sum of 3uo in 7,J
is elected to by retained by her. under the ac?
oi Avru . ai. ana Its supplementa. jrnri
approved by the Court on
1U1J. unless exceptions
that the ssmo will be a
roear. a.
thereto be
rrldar. Mar 18th.
niea Deform that time.
LAMON ft KINrAnc
Attorne for Petitioner.
No. 101 Tlllllrtln nidT.
DIVIDENDS
BANK OF
TUB CENTRAL NATIONAL
I'HILADliU'lIIA
The Directors have this day decaxed a aeml.
annual dividend of eliht per rent, and an
extra dividend of two per rent out of the
Isat six months' proHU. free of tax. payable on
tlemand. WJI. Y. CO.NHAD.
Cashier.
NEW YORK BANK STATEMENT
Big Decrease in Deposits Reflects Prep,
aration for U. S. Loan
NEW TORK, May 5. The New York
bank statement this week reflected tho
preparation of Investors to take up the
huso Government loan when It is offered.
This was reflected very strongly in the
sharp reduction In net demand deposits In
the average and actual statements. Average
deposits dropped J107.622.000 and actual
deposits declined (113.345,000.
At the same time loans In the average
fell J53.945.000 and In the actual $83,596.
000. This decline was to be expected In
view of the smaller business In stocks dur
ing the week. Average surplus sagged ,off
I42.-322.090 and in the actualsj21.104.150.
Details follow:
AVEHAOH
1UH, 3111,(100
ZH.7(J7,0(J(I
t4aa,O07,OOO
Loans '. 13.024. 082.000
Net demand deposits. S.AOM.SSO.OOO
-net time aeposus....
Circulation
Reserve, cvn vaults.
Heserve, Federal re
serve banks
Reserve, other depos
itories Assreffate reserve...
Reserve required . . ,
Decrease
r,:u)4.-,.ooo
107,1122.1100
4.1H2.IMO
72,000
27,487,000
217,128.000 31,800,000
flurplus
TUI
01,320,000
701,1411,000
021,342.740
70. BO J.20O
Jt which 1381,033,000 Is specie.
ACTUAL,
Loans J3.B83.408.00O
Net demand deposits. 3,500,281,000
Net time deposits.... 191.749,000
Circulation . 28.700.000
Reserve, own vaults, till. 910, 000
jtessrve, reaerai re
serve banks
Reserve, other ilenna.
Itorles 60,074.000
Anret-ate reserve... 703,330,000
Reserve required.... 614.871.930
Surplus 90.478.070
1.087,000
00,944,000
18,021,910
42,322.090
$83,1590.000
113.34S.OOO
12,984.000
12.000
60,483, 000
232,760.000 '22,731.000
2.1577,000
40,239,000
19,094,830
21,104,130
tOf which $371,676,000 Is specie.
OUTSIDE iBANK STATEMENT
t STATE DANKS
Ixjans. Investments,, $436,115,000
Gold 46.734.800
Currency, bank notes 22,111.400
Deposits 588,930.900
K.itrva nn nerioalt. . 122.fi08.K00
vffiU, Percentage of reserve. 26.1 per cent
", .Vr cent.
3 TRUST COMPANIES
I'iiV Tiiaii, lnvatmnta. . tt.AA7.nal.800
Sfw Gold .'... . 169,108,1)00
'5&1&. Currency, bank bills. 13,740.900
'Sv 5? ijeposus ........ -.riB.3?'.r"i;
l.pueifc... IIDiniOiluu
$0,708,100
2.351,400
1,840,600
0.449.100
15.784,400
decrease.
$1,058,800
13.34.700
830,300
38,236,900
85.804.900
' ' -' nivtnRvnfThECLARteD P Cotton Siatlstin TJ
FINANCIAL NEWS
DISPOSITION TO WAIT FOR DETAILS
OF GOVERNMENT LOAN HALTS TRADING
Assumed That Entire Amount Would Be Heavily Over
subscribedSome Shorts Are Nervous in
Early Trading and Cover v
High Points in Today's Financial News
Leading interests in Wall street showed disposition to wait for details of
Government loan, rohich made business in stocks lag. Net changes irregular
at close of day, with majority of prices lower. Curb recovered after early
decline. Wheat and cotton higher. Bar silver lower. More paid by Govern
ment for steel. Nqw York bank statement showed preparation pf investors
est losses were in demand deposits. Bank clearings for week larger.
Great-
NEW TOniv, May 6.
TrndlnR In the stock market continued to be dominated by tho disposition
In lending circles to wait for the announcement of the details of the Govern
ment lonn. A calmer feeling prevailed, however, because of the Hlatement
made after the conference yesterdny that representatives of the federal Bank
would have charge of tho various details and arrangements in connection
with placing the new bonds, and with this action it was generally niuiimed that
the entire amount would be heavily oversubscribed almost ns soon as the
formal offer is made. Thli feeling made some of the shorts nervous In tho
early trading today, and there was urgent buying of many of tho recently
active Issues.
Delaware and Hudson, In which a large short Interest exlRts, made a gain
of 3 points In the first few minutes to 111V4. and advances of around 1 point
wero made In mnnv of the leading Industrials, with United States Stecfc common
ranging in the first fifteen minutes from 113U to 114H,
Later In the half day It became apparent that the show of strength was
simply due to this covering, which had been made more pronounced by tho
fact that the trading element of the floor followed Its usual habit of closing
short contracts at the end of the week.
The railway Issues were subjected to fresh pressure, and many stocks
in the group were without nearby support and sustained substantial losses.
Reading, after a display of strength In the first few minutes, decline to below
88, and there was concentrated selling of many of the low-priced railroads, like
Rock Island, when issued
The Mock market continued to reflect heavy selling of railroad bonds,
with Chesapeake and Ohio 6s dropping from 88 to 87Vs. Rock Island 4s also
were lower, and nearly all the leading Issues showed fractional declines. French
bonds continued heavily traded In, with Anglo-French Bs selling nt 927's to 93,
NEW YORK STOCK SALES
Net
High. Low. Close. chc.
Advance Ilumely.. 11 14 14 Vs
AJax Rubber .... 09 67 V, 67V4 3V4
Alaska Oold M... 6 AH
Allls-Chalmcrs Co. 4 4 24
do pref .,,.,,, Ill 81
Am Agr Chem..,, 01 D0V4
Am licet Sugar.. 92 91
Am Can 4JVi 4I
do pref 104 104
Am Cotton Oil... 40 40
Am Hide & Leath l 12
do pr 58 57
Am ice Sec 25 25
Am Linseed SOU 20
do pr 37 66
Am Locomotive. 63V4 oVs
Am Malt pr 50 Vi 58
Am Smelting 97 97
do pr A 08Vi 08
Am Kurrnr IDDU. 100
do pref 117 117 1"
Am Tel & Tel... .122 122 122
Am Tobacco 10.1 193 103 .....
Am Wool 47 47 47
Am Writ Tap pref 39 30 39......
Am Zinc & Lead.. 30 30 30 i
Anaconda 78 76 77
Atchison 100 99 09
do pfd 97 07 07
Atlan Coast Line., 110 110 110
At'an Gulf & W I 07 00 97
Baldwin Loco . . 53 51 51
Bait & Ohio 7IVA 72 72 2
do pfd 70 70 70
Barrett Co 100 100 106
BatoDlIas Mln .. 1 ' Y
Beth Steel B 110 118
8
21
81
90
01 V
41
101 1
40 Vi
12
57 1
25 1
20
67
5
59
07
98
109 1
Brooklyn 11 T .. .01
Butterlck Co 17
CURB DROPS EARLY, BUT RECOVERS
AND ENDS WITH DISPLAY OF VIGOR
NEW YORK, May B.
The trading on the Broad Street Curb naturally followed movements on
the Stock Exchange and closed with a display of strength. The opening was
followed by recessions in a number of the active issues. Taken all through,
however, the market was steadier than the trading element had expected.
News developments especially effecting various Issues were favorable in most
cases and were Incentives for quiet buying.
Comment was made on the manner In which Mllford Copper continued
strong on reports from the mine of development work on the large body of
lime ore, which shows by smelter returns to run better than B per cent copper.
Submarine Boat moved up slightly in the early trading, but later reacted to
yesterday's low level.
Magma Copper so far has not made n response to tho news of the dis
covery of the Important ore bodies at the 2200-foot level, but there was no
Indication of any long stock being In supply, and little could have been gained
by putting In any buying orders In large volume. Generally, the market showed
a disposition to follow the lead of other trading groups and wait for details
of the Government loan. Sales of Magma were made nt 4S, and Big Ledge
was traded In at 2Ts to 3. Magnate Copper continued firm at 83 cents.
Aetna sold at 3. United Motor ranged from 30 to 30. Independent oil
stock were steady, with Cosdu OH selling at 12i and Cosdcn & Co. at 12.
Merritt Oil was traded In at 22U to 22.
There was a. better tone to the bond market, with Russian 5s advancing
to" 88 and the 6s rallying to 90.
Yes. close.
Asked (sale)
73
37
3
72 73
36 37
24 25
2 3
H 12
2 2
3 3
27 31
68 72
7 7
97 101
85 90
23 24
11 11
80 85
22 22
8 8
40
37 38
30 32
tJf C.-.M.. . J.IM.It
j!.,'A, Percentare of reserve, 23,5 per cent! decrease
' 4,o per cum. ,
V STATE BANKS AND TRUST COMPANIES NOT
oans. Investments.. $826,680,300 $10,683,200
Sold 68,168.700 305.300
Currency, bank notes ii,u3?,4uii zii.suu
total deposits...... l,0l.199.100 503.600
tit deposits 876.039,800 9,802.000
Kisrvs Ton deposit... 235.038.500 11.119.600
i'-UjUf n'.
;p.IeBcrrMWt,
& ' FQREIGN EXCHANGE
vjrjJBW YORK, May 6. The foreign ex-
nUTIffn mantel. w uuu ana in nip main
i-fculer. Ruble cables, which rallied at the
on rniwy to t buaucu iu i v mo
, tnia morning.
nd sterling '4.75 4.75, cables 4.78
44-4ay blll nominally 4.72i 90-day
ajm:
caDies 5.7 0. cnecKs o.Tist.
-eabU.,7.0, cbtcka,.7.01.
ami, 6.10,- cBecica o.io.
cables 40, checks 40f4,
'oafeUa 22. cluck 21.15. ,
cbU It. checks 21.80.
... ofcMks t.20.
JUt.. -
INDUSTRIAL
111(1
American Reduction . . .
American Stores
American Sumatra
Aetna Kxploslves
American British Mfg . .
American Marconi
American Writing Paper
Canadian Car Co 27
Can Car & Fdy pret . .
Charcoal Iron
Chevrolet Motors
Cramp
Curtlss Aeroplane ....
Carwen Tool
Carbon Steel
Hveritt-Heaney
Emerson Phonograph .
Federal Dye
linsknll & Barker Car
lion. Ice Mfg 30
Kathodlon Bronze pref.. 1
Lake Torpedo Boat .... 7
I.ehlgh Coal Sales 87
Lima Locomotive 30
Maxim Munitions
Marlln Arms 73
National Conduit 32
N V Shipbuilding 37
North Am Paper Pulp .. 4
Otis Elevator 00
Peerless Motor H
Poolu Engine 75
Pierce Arrow 41
rtedden Truck 1H
Santa Cecilia 25
Santa Cecilia pref 00
Fcrlpps-Booth 20
S S Krefge w I 10
Standard Motors H1)
Steel Alloys 7
Submarine 2
St Joseph Lead 18
Todd Shipbuilding 83
Triangle Film 1
United Profit Sharing ..
United States Steamship. 5
United Motors 30
United Sugar' 38
World's Film
Wright-Martin Air 6
Zlno Concent 2
STANDARD OIL
Illinois 220 228
Ohio 310 358
Pralrln PlDe 205 305
Stand Oil of California . .267 272
Stand Oil of New Jersey.625 635
Stand Oil of New York.. 291 294
INDEPENDENT Oil. STOCKS
rnrnett Oil & Oas 2 2
Cosden Oil 12 12
Cosden & Co 12 12
Elk Basin 10 10
Federal Oil 5 5
Inter Petrol 13 13
Houston Oil 19 21
Merritt Oil 32 22
Midwest Refining 132 134
Met Petrol 1
Ohio Fuel 19 20
Oklahoma Refining 9 10
Osage Hominy 8 9
Klco
Sapulpa neflnlng- 0 0
Sequoyah 1 1
West End O 4 O ....... 10 15
MINING STOCKS
Alaska Standard 45 49
Atlanta 10 12
Big Ledg 3 3
Blsbee Copper (a pros) . .
Butte Copper & Zinc ... 11 11
Butte New. York 1 1
Cashboy 7 7
Con Aris 2 2
Emma Consolidated . ... 4 1
First National 2 2
Ooldfield Merger S a
Ooldneld Cons CO 52
Ooldfield Florence 19 21
Goldflel. Kewanas . ... It .16
Oreen Monster ., 1 1
Hecla Mining- 7 7l
Howe Sound . ..-...,.., 5 6
Independence Lead ,,...10 12
Jerome Verde 1 1
Jim Butler 70 14
Jumbo Extension ...... 87 40
Mag-nate Copper ..II II
McKlnley-parraih so si
Magma Copper' ........ 41 45
23
11
8
7
03
54
2
80
33
42
4
02
14
no
42
10
26
07
40
11
13
7
23
18
80
1
5
30
30
5
2
77
32
MINING STOCKS Continued
12
7
22
17
"i
30
36
5
355
205
271
290
2
12
12
10
5
13
22
123
10
8
10
42
It
8
11
1
7
lit
. 6
50
is
'7
Ml
71
38
81
nid.
Mother Lode 28
Mines Co of America . . . 1
Nevada Hills' 20
Nevada Wonder 1
Nlplsslng 7
Stewart 0-32
Ray Hercules 3
San Toy It
Tonopah Extension 3
United Verde 36
West End Con 70
White Oaks 3
White Caps 1
Yerlngton 28
BONDS
American Smelters 5s... 01
Atlanta Charlotte 5s ... . 97
Bethlehem 5s 08
Cosden Oil 6s 00
Cosden & Co 6s .......100
Cudahy 5s 08
Erie 5s 07
Russian Government 5s 80
Russian Government 6 Vis 88
Southern Railway 5s.... 97
Todd Shlpbluldlng 6s... 101
N Y State 4s
New Haven 6s
Yes. cloe.
Aslted. (sale)
29
2
23
2
7
V
3
13
3
36
73
"i
30
02
08
98
101
103
09
07
82
01
98
103
3
1
38
02
08
08
07
81
90
00
17
18
130
21
82
33
57
It
33
70
118
01
17
18
156
24
83
33
57
11
33 1
70
Cal Petroleum . .. 18
Can Pac 157
Car C & 0 24
Central Leather. . 83
Cerro de Pasco... 31
Chesa & Ohio.... 37
Chi Gt Western.. II
do pfd 33
rm r jr. T . ?1W
do Pfd 112 IW Xf
Chi ft Northwest.lio 108 108 1
Chill Copper ....21 21 21 .....
Chlno Con Cop .. 52 52 52
Col Fuel & Iron .. 46 45 45
Col Gas & Liec . . . 40 30 30
ContCan 01 "V "IVt
Corn Products ... 24 23 23
do pref 100 08 00
Crucible Steel .... 00 60 00
Cuba Am Sgr pr.,102 102 102
Cuba Cane Sgr... 43 41 4t 14
r 00Vj 89 89 1
uu ,,,.. ........ - .- - inlf I. irt'
1I1Y.I lUU'S l"i T7
37
138
Del & Hudson
Denver & R G pr. 29
Dome Mines 11
Distillers Sec .... 13
Erie 34
do 1st pr 33
dp 2d pr . 29
Gen Elee Co.. 130
General Motors . 105
do pr '
Goodrich. B F ... 40
Granby Mining . . 80
til North prof.... 109
Gt North Ore hubs 31
Greene Can Cop.. 42
Gulf State Steel... 1 17
Illinois Central.. . .100
Int Agrlcul pref. .. 00
Inspiration Cop .. 31
Interbgh-Cons Cr. 9
Int Harv N J.... Ill
Int Mer Mar 20
do pfd 77
Internl Paper 34
Int Nickel 41
Knyi City So 10
Kelly Springfield . 40
Kennecqtt Cop ... 41
Lack Steel 2
Lehigh Valley ... 62
Lee Rubber & Tire 18
Vuls it Nash 123
Manhat Shirt .... 71
Max Motor 48
Mex Felrot 87
Miami Con Cop... 38
M St P & S S M..105 105
Mldvale Steel 50 Vi is
Mo Kan & Tex... 5 5
Mo Pacific 0 4
do w I 26 24
do pref w 1 .... 62 51
Mont Power 07 00
Natl Biscuit 103 103
do nrcf 112 112
Natl Lead pref ..108 108 108
Nev Con Copper . . 23 22 23
New York Central 80 88 88
N Y. N H & H. . . . 38 38 38
Norf South 23 25 25
Norf d. West.... 110 118 110
do nr 84 84 84
Northern Pacific .100 99
17
11
12
24
37
20
168
104
80
40
70
100
30
42
117
100
50
54
0
111
26
77
33
40
10
48
43
81
01
17
121V4 122
71
47
80
37
7 2
14
12
4 1
1
20
1
101
89
40
70 2
100 2
30
42
117
100
3
30
54
0
111
20
77
33
41
10
48 1
43
81
61
17 4-
71 1
47
80
38
105
58
5
4 1
24 2
51 2
00 3
103 -
112 3
105 105
97 98
BAR SILVER
Today.
New York (cents) 74H
London (pence).. 38
Yes.
I.nst 1917
Sat. High. I.ov.
74 79 71
37ft 38ft 33 tl
Ohio Gas 131 120
Owens Bot 01 01
Pacific Mall 21 21
Pac Tel & Tel 29 20
Penna R R 61 51
Pcre Marquette ct. 10 18
do pref w'i 57 57
Philadelphia Co... 34 34
Pitts & West 24 23
Pitts Coal ctfs.... 42 42
Pitts Steel pref... 00 00
Pullman Pal Car. 149 148
Ry Steel Spring .. 40 40
Ray Con Copper.. 28. 28
Reading 89 87
Reading 2d pref.. 41 41
Rep Iron & Steel.. 79 77
Royal Dutch .... 90 60
Saxon Motors ... 47 46
100
120
91
21
20
51
2
4
18 1
57 7
34
24
42
90
148
46
28
87 1
41
77
60
40 1
The Government
Loan
The attractiveness of the new United States Gov
ernment 3z Bonds on a purely investment basis is
perhaps not generally appreciated. The course of the
bond market during the war should be largely
influenced by Government borrowing, and if 4 or an
even higher rate of interest is found necessary on
future Government issues, it should cause a substantial
decline in other high-grade bonds. On the other hand,
by reason of their convertibility par for, par into any
new issues bearing a higher rate of interest, these
Government Bonds should not decline in price. While
the immediate income return, therefore, is not as large,
these United States Government Bonds afford possibly
more security against decline in market price than any
other issue now available. They are further exempt
from all (except estate or inheritance) taxes.
The present issue of $2,000,000,000, dated July
1st, 1917, interest January and July 1 st, is now offered
for subscription. We solicit subscriptions and will
arrange for delivery and payment without compen
sation. - '
CHAS. C. HARRISON, JR. & CO.
ANKERS
FIFTH AMI CHESTNIT STREETS, PHU.AIELPHA
Net
Itllh. Low. Close, chse.
St L S K n 1 16 1
Sinclair Oil 62 51 81
Seaboard Air Line 13 13 13
do pref 28 28 28 1
Sears Roebuck ..170 170 170
Shattuck Ariz . . . . 25 25 28 -
Hloss-Sheff S & 1 47 43 47 1
South Pao 92 99 90 1
Southern II R.... 25 24 24
uo prer 65
Studebaker 87
Stutz Motors . ... 43
Tebn Cop & Chem 15
Texas & Paclfiq. 14
Texas Company.. 207
Third Ave R R... 22
Tobacco Prod ... 82
Un Bag & Paper. 11
Union Pacific ..133
United Alloy StI. 41
United Clg Strs. 98
United Drug 73,
do 1st pref 62
United Fruit ...133
United Ry Invest 8
U S C I & Fdry. 18
U S Ind Alcohol. 110
V S Ind Alcohol pf 08
U S Realty & Imp. 12
U S Rubber 63
U H Smelt & net.. 64
U S Steel H4
do pref U7J4
Utah Copper ... .114
Utah Sec Corp,..' 19
Wabash 1 1
do pref A ..,,.' 47
do pref 11 si
West Mar) land .. 20
West Union Tel . . 94
WcBtlnghouse Mfg. 47
West Pac R R ... n
Woolworth 127
Worthing P & M.. 25
Wheel ALE 13
do pref 32
White Motors .... 48
Wllljs 0erland.. 30
do pref n
Wilson Co iiiyf,
Totnl snles, 302.400 shares, compared with
203,700 Shan-, hut Katnrdayt this week, 6,113,
600 shares! last week, 3,561,000 shares,
65 65
86 86
43 43
18 15
14 14
203 203
21 21 2
81 61 1
11 "
132 182 1
41 41 1
93 06
74 74
62 52
132 132
8 8
18 18
114 115
98 08
12 12
65 65
64 64
113 113
117 117
112 114 1
10 19
11 11
40 40 1
23 23
20 20
94 94
47 47
12 12
127 127 1
25 25
13 13
112 32 1
41 44
29 29
3 95 H-
71 71
DIVIDENDDECLARfcD
United Drug Comnpny, regular quarterly 6f
1M per cent on seeonll preferred stock, psysbls
June 1 to stock ot record May 15.
i
Keep Gold's Destination Secret
NEW YORK, May 6. United States gold
coin, to the amount of $500,000, has been
withdrawn from the Subtreasury, with Its
destination withheld.
VH OH.USUC, , J
,. w . -r .. . rn
iin, lunni Jf u. till! Biatllllcs.1 1
of cotton follows: !
This week. Last week. Lsiti
ply 4, 412,740
Of which Amer
ican 3,049,740
Total In signt c
May 4 11,410.484 11,207.120 lO.MjJ
.o,7 .(,,
8.111.743
ea
S.14M
New York Bond Sales
,.. , High. Low. Close.
1000 Amcr Agr deb 6S....100H 100H 100i
""i uo ts . , 93
120000 Anglo-French 5s ...0314
1300(1 Amer Tel 5s bo
12000 Atthllon 4 OUH
1000U ilo cv 4s 1900 ....100
1000 Atlan Co Line 1st 4s. 884
2000 Am Cotton OH Co Bs. 94U
:!'"" "ait Ohio Bs BS
'""J!!! 1r.ook ?p Tr ss'iois S
i!S 5-,ty ot Uortlx 8s 97
Utinil r'nn tin.. -.- ,,. ...
r , J-.".1 'f'Xher 1st. 6s.l00'.i lunvJ
C000 Cent Carlo 3V4h.... N7 m
350H Chill Copper 7s .'..Will 1"4
93
92
9911
92 11
100
88S
01
08
na:
0.V.4
o
ChPM . f)hln u 111.
Tllllfm .... . '-
......... ,iu tWIlV lift
MM
84 W
Chi ITn Htn 1U . n-,
Will" Chi 11 A Q rt-B 4s.... llflU
1000 Chi Mil & Ht 1' dlv 4s 871?
L'cinoo ,rH 4Vs... .....: N7
illmiil ilo conv Bs lou'i
:.i)oi do cv 414 s 1131:
-'ID'Mi Chl R 1 & ! pn fls.... till
.'noil ilo o t ata 0s 70H
' "a ............. my.
801-11414
11(1
L'lllMI Col & Smith l.t a.
hiiiid City of Paris s
.111(10 Cerro lie Pasco fls...
0IIIKI Chin Q H & K llys Bs 71'4
40000 do 5s (1114 (1V4
l(Nl(l Krle Sc Jer fls 104J 1044
82000 French Kepub 514 s 1.. tiliN. Bn'4
87 (J
97
IMI14
871,
II!)
Mi;
00
7Ji
3s
1111
7114
K- ,
93
9311
UMli
02H
100
8854
91'i
93,
99'i
95Vs
07
Hill's
87
124
8414
88
07
liii4
Eft
98 J4
ll.lli
Oil
7H
721?
80V4
1H1,
110
!
(154
i"S
ilJOl) lmllnnii Htnt r.H Inn-V. 1im? InnTZ
S300U Interb Met 4Ha Ill; 01 V.
Boo city of Ljoni 07 117 07
6000 Lacka Steel Bs 1923., 1(10 10(1 100
10II0II do Bs 111.10 117 B7 97
lpooo lib & m t r tin on nn
loon Lorlllard 5s iiri,; irs 0814
itU!!','. i'.',y S Marseilles 6s.. 07 n.1i 07
10000 Mo Tao w 1 4s sn'i no'i on'i
7000 Montana Pnw., n o nt In
Gntxnn n - m w jaf i. !J --. .-
Jiy -i , Vi " .....24 4
B0.100 do fls ln.1 104T4
iwiMi an en s ,.,,
soon is' y nWy r, ...
,'iiiihi .Nor I'ac 4s DO 00
2000 do 3s 04 (14
2(1000 Ore Short L ret 4s .. sn nn
1000 Pacific Tel Os 8U 981;
4000 Pub Serv N J Bs.... 87 87
17BO0 Pcre Marn 5 .01 no
10OO Heading- ccn 4a 92V4 9214
loon Ht L A S F gen 5s. .loo loo
110(10 South Pac cv 4s .... 8L'i 82i
2100(1 South Pac cv 0s BV4 0DV4
loot) South Itwy 5 on nn
1.1000 Texas Co r.v flu ino: ntoi: ini'
83000 U S Itubber ct Bs.... 87I 87ll 8?C
14000 U S Steel s t Bs 10114 103 ln.1
.moo u K of o n & I 5s,. vn nov Jnnll
57000 do 514 s 1018 4)9 A B0'4 B9,
23S000 do 54s 1010 new. 99, 904 B9A
41000 do.B4sl921l 90 00 9fl"
8000 Va-Car Chem 0s ....100 08 D0
Total sales, 82,232,000. compared with 81,-
702,000 last Saturday) this week, $21. 782,000 1
last week. 810.452,000.
nj4
104 ini4
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11(1
I li
"Your. Country Needs You"
TTHE history of all our Wars amply warrants the
belief of our Government that our people will
give their enthusiastic co-operation to the financ
ing of the World War of Today.
It is th
one to sub
e imperative personal duty of every
jscribe to the "Liberty Loan of 1917."
Although a much better return may be had
from many other securities, no investment of To
day will render such an enormous percentage of
service and offer a 'greater opportunity to benefit
mankind.
The "Liberty Loan" will bear interest at the
rate 6f Three-and-One-Half Per cent, and will be
Free of All Taxation except the Inheritance Taxes.
Subscriptions to the New Loan will be re
ceived by this Company without charge to the sub
scriber or the Government.
Commercial Trust Company
City Hall Square
KSMHtUTSkS
8 p ne 936am 79 Cort Fata
' K Viehlnston D 0 Hay 3 17
I
Chaa H Sean and CO
r i Shlla Pa
Covemment wlll'reeelje aulsaorlptlonB until June -fifteenth for
two 'billion dollars three and one half peroent ltbertyloon.
You can ranaer inraluaKla aerrloe to your country
fcy receiving ouhaorlptiona and co-operating with Tederal Eeaerra ,
bank your dlatriot. ' t '
111 you ldndly.de thie and telegraph me Government
expense, eoon aa praotloable, rough estimate amount of tonde you
think will he eubearibedJby,you and your cuetonera.
Oe.a KoAioo
Seoy of the Treasury,
In connection with the above telegram, we offer our
services without compensation.
CHAS. H. BEAN & CO.
115-117 South Fifth Street
Opposite Independence Square.
LIBERTY LOAN
CUM OF SERVICE I SYMBOL
. Ply UtW EltfS
WIN Mwsus Wll
. HW latsr H L
It (Wei uitM On rfsissls
ippsifi tftsr the iliMif (msnbir (
wsroil IMl h Sit irst-in. Otlur.
wlM Hi hamlir Is MluHd by Ks
tynib.1 swaiflnj snsstristswh.
WEST
7S t
tmr&tt
UNION
AM
Form 1901'
NCWCOMB CARLTON, masiotNT.
OCOROC w. . ATKiNL-vKa-masiecNT- bclvidmc asiooKe. vicsssisioint
euis or ttmnct tYwo
Osr Mnans
OirUtw th.
wqm Wswsis was
NWUtttr I n
tr.sm W Sum thrss tjmtiou
tssDientr awctwcfc(isars(
tarliMlats4SyM
tyrtt) sswtusf sfus die .
RECEIVED AT N. W. CORNER 1 5TH AND CHESTNUT STREETS, PHILADELPHIA ?
WAiqiMOTQM DO MAY a 1Q? .
BX113 W RH 83 Q0VT NITS
UHaTJTa.TW THHT nn
813
1BTH AMD 1IAHKBT ST PHILATOtLPniA
QOVgRWUgNT WILT. RHOBIVB SUS30MPM0HS tMTIL JUOT JIJTMHTH TOR TIP
BILIilOH POLLAHS THRBB AND OHB HAL? PHRQgHT LIBgRTY LOAH YOU CAH RmnntH
IITVALUABLg 8KRVICB TO YOUR OflUnnfHY SY ggmtlVIHQ HUBanaiPTIQKS ATO
COOPlteATlHGr WITH CTDgRAI. R88SRVB BAHK YOUR DISTRICT WILL YOU KIHULY
TJO 'THIS A1TD TBLBORAPH MB OOVTOmCPTT HXPaH3B 800 AS PRACTICABLE ROUOH"
BBTIHATB AM6UMT 0? B0HD3 YOU THINK WILL BB SUBSCRIBBD BY YOU AND YOUR
CTjsTOMaaa '-
W O MCAIIOO STMRMARY OS THU TRgaaHHY
MAY 4 1917
511?.
In keeping with the spirit of the American people and of the tele
gram just received by us from the Secretary of the Treasury, we
are offering dui; services without charge in accepting and for
warding subscriptions for the LIBERTY LOAN, which We will
receive from 8 :30 A. MK till Midnight.
FRANKLIN TRUST COMPANY
' "The Day and Night Bank"
1 5th and Market Streets
'.
t
ref.OJU'
. - n ' WH-. iV..Tri fc,'W,VJ!aWrtoS,TK
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