wwn ii i'wi "up n ... i-im icto. .wvr" . .'!-. iK-yr:;. m-ji - w "trbib N"- --.k ,,iVfV'.''--'vvi1.vl,.""'". t ,,- ";, :r,lf' -- -y-.-Y"F S'Ye--' -. .r -,:. - .v ",,7 V."-vTv rv & artr Vi: In. . la1 u M I T n s. Ba- h u :.vt y ?u. -vv ' V k- -r? K - I " ? , V M (V '' -4 - r 1 - if-".1- c , ' r ' ... tr t ' ' IfllTTiW TXm. f .TOTVriTJTO TtTTT-ATWvTTri- . mTTTiaT A irtr D rfAf MTiJxixuu ajixxjxaxa.i a xx.xxJLX!iijjr J3JLA, JUJOJLLi , JKlii-X O, J-iJXl 1..' REILLY, BROCK & CO. 11ANKKKS HrOH GRADC RAILROAD EQUIPMENT TRUST CERTIFICATES 306 CHESTNUT STREET riiii..i)i:i,viii,v j FINANCIAL NEWS 1 LOAN op Ymk 1 Every American is ex pected to subscribo to a portion, no matter how small, of tho 15,000,000,000 war bond Issue. Orders will bo executed by us In accordance with tho terms prescribed by tho Govern ment,, without commission charges of any kind. Do not delay investing your savings in such a se curity. You will thereby add a link to your chain ot Independence. Your sav ings will find increased earnlns power through in vestment In securities of merit, tho choice of which 13 facilitated by suggestions contained in "Investment Opportunities" J-Thla valuable publication ahould be rerulartr rewired l.r ecery odo wLu Ij IntercatM In la creatine the earnlne power of tla aurplua funda, It will tie aent free, beginning wjtb the t-urrcot Itaue. upon request for .jinf. Including booklet eipl.ililng 'The Twenty Payment Plan" . .UMfvTmtruytoirltify w (l:Ubilal)e.l 100S) 40 Eichanje Daw New York e.iu.eiaiWA BANKERS (Uatabllahed 1837) 321 Chestnut Street Philadelphia COMEANY AUTOMOOILC BANKERS Offer special facilities for Individuals-or automobile deal ers to finance tho acquire ment of pleasuro car and for business houses to finance tho acquirement of commer cial cars or trucks. If you are thinking of purchasing a car of any kind for any purpose the FINNEY SYS TEM will mako a better busi ness transaction for you. REAL ESTATE TRUST BUILDING PHILADELPHIA HUGHES & DIER 5 I'lilU. Ktnck Karhango ( (.'hlcneo Hoard of Trails Membera Have prepared a completo atatlatlcal report on NEVADA CON. which Includes tha lateat fleurea from this Copper Company's Annual Report Juat laaued. Sent free on request 1135. Walnut rJtrcrt, I'hlladelphla 115 llroadwar. New York Woolworth Ilulldlnc, l.oncaater. Ta. D. Luptop's Sons Co. 7 Cumulative Preferred Stock Dividend! paid Quarterly, Frj of Tax In Penna. Price: Far ($100 par aharo) and accrued dividend. Writ, for Circular Morris Brothers Co. EatabUabtd 1803 1421 Chestnut Street First-class Bookkeeper familiar with stock ex ' change business, wanted by investment banking MurrUdman preferred, STOCK MARKET STARTS WITH STRENGTH, BUT IT DOES NOT LAST TO THE CLOSE Lack of Details About the Duration and Terms of Payment of Government Loan Commented On More Said About Proposals to Tax Corporations' Profits High Points in Today's Financial News Stocl: market started with a display of strength, but high prices did not hold to the close. Curb flattened out after cheerful start. May uheat reached $3 n bushel in. Chicnyo. Cotton higher. More gold sent to Japan. Foreign exchange dull, liar silver unchanged. XKW YOltK, May 8. Thcro was a display of rtrenRth In the stock market for a tlmo after the opening and many stocks mado substantial coins, with United States Steel common moving up 1 point to 11GH. lluylnfr was then based to a great extent on confidence that tho (Jovernmcnt loan, now In tho hands of committees representing tho rcservo banks, would bo an overwhelming success, but later in the day comments vero again mado on tho continued lack of details about tho duration of the loan and tho terms of payment, und although it was assumed to bo positive that tho entire amount would be subscribed for, tho entire transaction was not vlowcrt with satisfaction. More was also said nbout tho influence of tho various propositions to tax corporations, Industrial profits nnd Incomes, and In many quarters the atate ment was mado that tho measures would result in strangling tho industrial activities of tho nation. All theso views and prospects seemed to bo accepted by the aggresslvo bear traders as furnishing reason for concentrated Belling on various groups of fcccurltlcs. Around midday tho public utilities wcro forced Into activity because of vigorous attacks, tinder which many of thepo issues were forced down from G to 7 points. Consolidated Gas showed a loss ot fii on a decllno to 107U. Tcople's Gas lost moro than C points, selling down to 74, nnd tho local traction stocks broko sharply under persistent offerings, with Brooklyn Itapld Transit falling C points to Til. A bear drlvo was mado at Delaware and Hudson, 0110 broker selling COO shares, making that Htook decllno from 110 to IO8V21 against 112 at the opening. Concessions wcro generally in order In tho bond market, with many of tho industrials nnd railroad Issues pressed for salo at declining prices. Consolidated Gas convertible Cs wcro among tho leading features, selling down below ill. Tho foreign Government bond3 were steady, with Anglo-French Ss selling nt S2T1 to 03U. CURB MARKET FLATTENS AFTER SHOW OF CHEERFULNESS EARLY IN THE DAY NEW YOItlv. May S. Shortly after the beginning of business today, Just when a cheerful feeling developed in many of the Curb Issues, they wcrciwlthdrawn nnd tho market flattened out with surprising rapidity. This was attributed to attention being dovoted to tho various propositions in regard to taxation measures, which seemed to bo directed to a great extent against corporations whoso Issues aro traded in on the outside market. A new low record was mado In United Motors, which dropped from 30'.4 to 2D. Wright-Martin declined to 4-V Many of tho independent oil stocks wero pressed for salo at concessions, with Atlantic Petroleum falling to 5, About 7000 shares of Barnctt Oil and Gas wero traded In at 2'; to 2i. Sapulpa sold at 9 to 9U. Slldwpst from 13 to 182 and Osage at 8H- Tho mining stocks ,wero Irregular, with Butto Copper and Zinc, nfter selling nt lli, dropping to lls. Green Monster sold down to 1H, Calumet and Jeromo sold at 1, Big Ledge at 2T to 3 and St. Joseph Lead at 18. Magnato was exceptionally Arm, selling nt S2 to 83 cents. Mllford sold at 9S and 99 cents. Russian 6s wcro traded In at 91 to 92 and tho flis sold nt SStA. Standard Oil of Now York sold at 290 nnd 295. INDCRTIUAI.S md. Am Reduction "3 Am Stores - S51! Am Sumatra - 24 Aetna Explosives ST Am-Urltlsh MfK Am Marconi Yt Amorlcan Writing Paper 3',a Canadian Car Co 2 Can Car & Fdy prof.... us Charcoal Iron U Chovrolet Motors 1! Cramp M Curtlss Aeroplane 24 Carwen Tool ... II Carbon Steel ' Kverctt Heaney 22 Kinerson Phonograph . . Federal Dye Haskell & Barker Car... 3? Hondeo Mfg 30 ICathodlon Bronze prcf . . 1 Vt T.nkn Tornedo Hoat LohlKh Coal Sales Lima Loco Maxim Munitions .... Marllti Anus Nat Conduit N' V Shipbuilding .... Xor Amer Pap Pulp .. Otis Klevator Peerless Motor l'oolo Kng Plereo Arrow Redden Truck Santa Cecilia pref .... Scrlpps-Booth S S Krcsge w 1 ...... Standard Motors Steel Alloys Submarine St Joseph Lead Triangle Film United Profit Sharing V" S Steamship United Motors ....... United Sugar ........ World's Film "Wright-Martin Air ... Zlno Concent Yr. rloa. Aakfd. (Salo) S3 3Hi 37 " 3 HV4 211 .. 31i .. 311 . . Ill .. ion mi 2.1 II !I2 22V H'j 3 32 Vi H.- 911 5(1 .V. 2 SVA 75 KH 32 5-s 33 37 -12 Oi - no c'i 12 II 7.1 !I0 II) 12 IX'.i I'J'i 20 2" l! (17 20 40 111 II Hi 111 2314 s:H, 18 IR',1 in 1 4 2t'4 2Vs 30?h 3- Ti t 2 21'. 6TAMi.IU Oil, Illinois 323 228 Ohio 383 3K8 Prairie Pipe 202 298 Stand Oil of California. .2(17 272 Stand Oil of New Jersey. 03(1 S7 Stand Oil of N'ew York. .301 208 lilt 2.1 1 1 V, H SX 2 k 32 r. 1191 7',i 23 IX 1 3(1 U 30V4 "ill 2 (137 20t IXIIKl'n.VIlIINTjOir. STOCKS Harnett Oil & Gas 2',i 2 2 Cosden Oil 12 1214 12 Cosden & Co 12 12's 1 3V, Klk Basin IOU . 10M1 lO'i lNimiMi.vnnN'T oil stocks Federal Oil Inter Petrol .......... Houston Oil Murrltt Oil Mldursl Kef .......... Met Petroleum ........ Ohio Fuel Oklahoma Kef Osago Hominy ........ Itlco Seiiuoyah MI. VI. NO SI Alaska Standard Atlanta Uig Ledge Klsbeo Copper (a pros) Butte Copper and Zinc. Huttn Now York Cashboy (.'on Arizona ICnuna Consolidated ... First National (iokllleld Merger (ioldlleld Consolidated .. (Jnldlleld Florence ; Ooldlleld Kewanas Creen Monster Heela Mining Howe Sound Independence Lead ..... Jeromo Verdo Jim Ilutler Jumbo Kxtoiislou Magnato Copper MeKlnley-Darragh Magma Copper Mother L01I0 Mines Co of America ... Nevada Hills Nevada Wonder Nlpisslng Ray Hercules .. Pan Toy Tnnopah Extension ..... United Verdo .......... West Fnd Con ......... Whlto Oaks .......... White Caps Yerlngton HON IIS Amer Smelters 5H" Atlanta Charlotto 5s. Bethlehem Cs Cosden Oil Cs ....... Cosden & Co 6s Cudahy 5s Krle 5s Russian Govt 5:s... Russian Govt C'.js ... South Rwy 5s Todd Shipbuilding Cs N Y Stato 4s Now Haven 5s (,'KS t'nntlnued Vs rloae Blrt Aakcil (Sale) :.yH VH. n 13A 13(. 1Vi 30 '4 Sill 20 'j, 22 U 224 23 132 ll 133 1 1 .; it 111 211 nt 111 in 8 8-li 8 h V4 H I'i IS li Ot'hS 43 41 13 KHa lUi IIK4 3 3 54 3V4 V4 K'Tm II ll"i '. Hi .. ' 7 Vn 7 ',4 2 2 h 2 ii'i iij ia 12 1 n 5114 in Ml 711 30 8(1 Ml 41 28 Hi 1.1 1 7i 3H 11 2!i .Id 08 314 35 . 0114 . 08 . 7t; . 0li .inn . 1(8 4 . 07 . 82 Vi . 01 . 07 .101 2.1 i.i Hi in r, 72 Hi ITS. 1 I 30 8' 83 .13 4 14 Vj 311 28 2 VI .. 2.1 7 '.'. 3 .. 13 i: 3 soy, .. "iiT "ii' 37 31 02 0114 00 08 08 08 004 .. 102 00 0791 .. 3V4 SSi 03 0114 Bill .. 103 10.1 10SV, 064 tin New York Stock Sales MONEY-LENDING RATES NKiV YOHK Money on call opened at 3 per cent; high, 3; low, 2; last, 2H ; closed at 2Q'2,i per cent; ruling rate, 214 per cent. The market for time money on collateral is called a waiting market, with business at a minimum. Money on good mixed Stock Exchange collateral la quoted at 4 14 4?! per cent for sixty days and at 4 ',4 05 per cent for three to six months. Tha trading rate on Industrial loans is 5 per cent. Prime bank acceptances are qulot at re cently quoted figures. ' Prime mercantile paper minimum discount figures, 5 per cent. Business is very light Call money this morning was renewed at If per cent. PHILADELPHIA Catl 4 per cent Time, 4 5 per cent. Commercial paper, three to six months, 4H44 per cent DIVIDENDS DECLARED St. Joa-ph Lead Company, quarterly ot 25 emu a aharo, payable Juris 20 to atock of reo ord June 0. Thrae months a 10 tha company declarod a quarterly dividend ot 25 cants a aharo and 60 cent extra. Klnga County Electrlo Y.lrht and Power Com- Sany, recular quarterly ot 12 a aharo, payable una 1 to etoelc of record May HI. uenerai Aipnaii company, recuiar quarterly ier ceni tai.zoj ot 1 nera 3.E ,.25) per ahare oa the pre- f erred took, payable June 1 to etock.of record Mar IT. Trantfer booka will not be cloaad. Catawieea Huuroaa company, regular ami annual of 2V per cent, payable May 1(1 to atock- noiaera or recora uar . North Panne-ylvanla III lar. quarter ablellay 21 American Hrterly of I juiy ia aiucs u, rvwru uiis . iuia ma com. mon la payable October 2 to atock ot record Aucuat 1. ., . , . . . urweii jaoior ywwrnnr. reautar quarterly ox per cent on lie common atock. payable July 1 bolder of record June 1. yetlonai urooar uoanpany, resuia terly of 3 per cent (1 per abare), pay- ' 25. liooka cloae on May e. ;an Bucar Hennlna' Compiny, rular in per ceni earn on lie preierrea etoolu. The preferred la payable ck of record June 1. and tho com- revular emlaanual lllah, Low. Advance Rumely .14 11 ! AJax Rubber .... 72 H '70 Alaska aid M.... a fl'4 Alaska Juneau . . 514 Allls-Chambors Co 24 14 21 do pref 82 82 Am Agr Chcm.. 03 01 Am Beet Sugar... o.lU Am Can 434 do pref man 10314 rtm Car & Fdy Co BJ14 04 U Am Cot Oil pref.. 0.1 Am Hide & Loath, ijajl do prcf 5711 Am Ico Seo 2.1 Am Linseed 20U do pref .17 Am Loco oniji Am Malt prcf .... Ru, Am Smelt 0011 do prcf .... Am Steel Fdry Am Sugar FOREIGN EXCHANGE NEW YORK, May 8. Tho foreign ex cnange marxet was null and a somewhat heavier tone was apparent in sterling, francs and Swiss exchange. Lire, rublos Ollders, pesetas, Swiss and Scandinavian were barely steady. Demand sterling 4. "514, cables 4.76 7-16; sixty-day nominal bills 4.72, ninety-day bills, 4.70. ' r Frano cables 5.70 H. checks 5.7 li,. Lire cables 7.0014, checks 7.0114, Swiss cables 5.15, checks 5,16. Oulldcr cables 41, checks 40. Rublo cables 27.78, checks 27,70. Pesetas cables 22.10, checks 21.90. Stockholm cables 30,, checks 29.80. Chrlstlanta cables 29.40, checks 29,20 Copenhagen cables 28.30, checks 28.10. BANK CLEARINGS Bank clearincs, today compared with eorre-ponding- day laat two years: rhlladelphla..58,8S4,S90 40.1B5?481 25e08-834 lloaton .,,,, 87.083,419 871855 701 2B Mn n5 New YorW...(J5S.308,,B8n iitSujai 483:foo:030 Ohcae-O ....82.804.882 00.098 480 08 MB 312 paltlmore... 7,818.8.10 7.828 285 B 788 908 St. Loula.... 80.871,883- 14,070.181 14.071,274 NEW YORK COFFEE MARKET NEW TORK. Mar 8 The coffeet mar ket was a little- glower at the start this morning, with first prices 1 to 4 points lower under 'scattered selling, which seemed, to come from outalda sources. Sales on the call were about 8000 bags. Today's Today's Yea'day'e . . jyvium. iionA, cloae. y. !-?fl,2-lT 7.9BO8.01 .Tulv. 'lHaaA .Auruat .' eepiemoer.. B.8Q08.B2 0H1 U'.i 03 I3U 57 25' 20 5811 0.1 5914 0814 .11311 I12U . no so .noli ion .133 11814 Am Tel & Tel Am Tobacco 10.1 19114 Am Wool 40-1A 48 Am Zlno & Load.. .1014 3014 Anaconda 79 78K, Atchison too1)! on?;, do pref 08 0714 Atl Gulf &. W I... 10014 08K, do prcf 80 00 Paldwln Loco Co.. .11 52 V Halt & Ohio 131 7314 do prcf "01i "0 Hatopllas Mining.. 114 HI Hoth Steel pref... 120 ISO do II 12215', 11914 Rklyn Rpd Trns.. 5914 4 Hutto & Sup Cop. 4314 4311 Cal Petroleum ... 1814 V, Canada Pacific ...103 1581 Central Leather... 8.1 83-H do pref 113V4 1 10 Ccrro do Pasco... 84 3371 Chandler .Motors.. 93 ni Ches A. Ohio 5814 5711 Chic Ot Western.. II 11 Chlo M & St I'.... 1814 7.1!)i do pref 113 113 Chlo & Northwest.IloVi 10014 Chill Copper Chlno Con Cop ,, Col Fuel & Iron. Col (las & EIcc. Col & South .... .Consul Coal .. . , Cont Can Corn Products . . do pfd , Cruclblo Steel . . Cuba Cano Sugar do pfd ....... Del & Hud Denver & no... Dome Mines . . . Distillers Secur , Erlo do 1st prof Fed M & S (5en Elec Co Gen Motors Goodrich H ! 2 IK 53Ti. 48 I0M. 21V, 112'i 03 2414 9-y. 8 14 1.1 !lll 112 1114 13 13 2.1", 38 Uli ISOIm 1.1.1 10&IV, 108 .. 4DV4 2 114 53 y, 10 3B-)i 23 li 10.114 H', 2314 99'Vi 01 II on inn', 1114 13 13 24 V4 87 r IHi 491 (Jr North prcf .. .107', 10.1 (!r North Ore subs 3IK, 30 Greene Can Cop . 1314 4314 Gulf Stato Steel.. 123 122 llllnolH Central ..101 10114 Int Agrlcul pref.. .11 ' 5(1 Inspiration Cop... B.iy, 55 Intbrb-Cons Corp. li4 014 do prcf 84 5314 Cloie 7lTi 814 .114 24 82 01 !H1 4214 10314 01 VI 0.1 1314 57 2.1 30 57 ' 3!i 6914 0814 113K. 50 100 11014 10114 40 30 14 7814 OOTi, H4 08 li 80 .13 1314 70 m 120 110 55 4211 1814 15Ht 83 110 34 94 5711 It 7504 113 10014 21V4 524 4(1 .Iliy, 2311 108 9H1 23V, noy, 81 4114 nn ina IH4 13 13 2414 37 T 1 1 11 15.1 10R 1914 insai 30 43V4 133 101 r,o 5.1 y, 53 Int Harv of N J. .Ill do pref lis Int Mer Mar ,... 2714 do prcf 79 Internl Paper .... 3IV4 do prcf ....... 0,1 Int Nickel 4 Hi Kan City South.. 20 do pr fit Kennecott Copper. 1.1 Lack Steel 83 '4 Lehigh Valley.... niV Leo Rub ft Tire. , 18V4 Louis & Nash.... 123 "4 Mackay Cos n.1 Matheison Alkali., .in Max Motor 53 do 1st pref .... 87 do 2d pref 32 Mex Petrol 89 VI Miami Con ("op. . . 39 M SI'iS St M.. 10.114 Mid vale Sleel ... 37 Mo Kan Tex .... .114 do prof ........ 12 Mo I'ac I'h do ctfs 4 do w I 2.1 do pfd w I .13 14 Mont Power no 14 Nntlonal Illscult . . 100 Nat Cloak & Suit. 77 Nat Enam & Stp. 3(1'), National Lead ... 5414 do pfd 1(17 Nevada Con Cop. . 23 Net , chee. 4 W I Hi 14 In 14 14 1 11 14 14 ' 1 '.. 1 I 314 , 1 V4 14 in 3 li iii ii vi iii ii "U '.. h! - y, 14 4- i 1 H4 3 1 4- 14 li 1 4 ' 14 N V Air Hrake,..13IMi 134 New York Cent .. 0(1 H N Y N II & II.... 3814 N V Ont & West.. 2214 Norfolk & West.. .12(1 North American... 8414 Northern Pacific. . Kit Ohio Gas 13011 Owens Rot on Pacific Mall 21 Pac Tel & Tel pf.. U51J Penn R R 3214 Peo Gas & Coal. .. 8014 Pern Marquette... 10 li, do prof -18 14 Philadelphia Co.. 3414 Pitts & West 2414 do pref 80',4 Pitts Coal ctfo.... 4314 Pittsburgh Steel pf 00V4 Pressed Steel Car. 13 Pullman Pal Car. 148 Ry Steel Spring.. 40 do pref 03 Ray Con Cop.... 2014 Reading 00 Rep Iron & Steel. 70 do pref 102 Royal Dutch o Saxon Motors ... 40V1 Sinclair Oil 5314 ill 117 t-2 soy, 78 31 Vi 9.1 4 1 41 4- 19 4- .11 11 14 82 50 1 18 122 122 IV, 8H4 H4 30 3 .10 88 3114 4-1 H4 3! 10.11', I, 58 V 5, Vi 12 4 H4 21 V, 52 , 4- 14 118 1 108 4- 14 77 311 33 101 114 3311 '4 131 I 88 1 37 4- 22 4- I 111 30 77 31 11.1 41 19 .11 444 82 5911 18 in .in 88 3114 87 3 m.i 58 514 12 4 4Va 24 33 li 118 108. 30 534 tilt !S1 88 37 32 118 110 8H4 0114 1 100 10(1 128 9(1 21 831 51 74 184 5814 3.14 23 804 43 9014 73 147 48 0.1 29 87 184 102 59 4.14 32 128 4 1)11 4 21 4- 4 9.14 -T ! 524 4- i 71 8 19 4- 504 I 334 23 8014 43 094 13 147 1 48 V, 95 li 294 4- 88 784 103 4-1 80 4 454 1 52 4- 1714 111V4 17H4 Vj Scars Roebuck . . Southern Pacific. 01 91 l .Southern R 11.... 25 25 25 do pr...'. 55 53 53 1 Studebaker 00 8R 88 1 Ten Cop & Chem. 18 15 15 Texas & Pacific 11 14 14 Texas Co 200 20.1 205 y. Third Ave R R.. 20 18 20 4-1 Tobacco Products. 53 52 52 1 Tran & Williams. 43 43 42 Twin City P. T .. 00 884 884 31 Un Bag & Pap new 80 80 80 .,134 132 133 1 October iber... Woven uecemoer... 8.470B.4S January..., ( Fabruary.. , 8.2208.28 w.snwB.B a RTfae e 8.458!fl H.MMS.B3 D.DTN8.DS G2, IS A ftiftao, 8 8.8T0$:8t 18 1 43 9 Hi v 14 1 10 4- Union Pacific do.nref 19 78 United Alloy Steel 42 Va 43 Unit Cigar Stores 08 07 United ly Invest. 7 7 USClr Pipe & Fo 10 18 II S Ind Alcohol. .117 1154 1154 14 XT S Ind Alcohol pr 09 08 98 y, U S Rubber 66 60i 5 do 1st pref ....1004 106 100 1 TJ S Smelt & Ref. 51 63 63 14 tX'S Steel 1184 114 ,114 do pref .......117 1174 117 'Utah Copper ....115 1134 113 14 Utah Seo Corp.... 18 18 18 Va Car Chem .... 484 4S 424 do pref 1084 101 101 1 Va IronC & C... 65 3 62 1 Wabash 11 11 11 doprefA 474 464 464 14 do pref B 23 234 23 t4 West Union Tel.. 85 01 91 3 Westlnghousa Mf. 48 47 47 ..IXIft ixs4 1234 3 Woolworth do pref 12s Worthlngton P&M. 24 do pref B. Wheel & L IS.... 14 White Motors . . . Willys Overland do pref ...... Wilson Co 123 1 61 14 S 40 804 28 044 01 184 72 123 2 z 2 51 1 144 45 04 044 14 72 Sales in Philadelphia 12 70 2.10 1.1 420 II) 60 401 on 6 326 48 63 310 8 3177 8081 t 2941 3.1 10 Hlch. Con Tr X J 70 Idea Stor.. 61 Lk Sup C 18 Lch Nav. . 18 Ich Valley 81 Mldvalo .. 58 Ncv Cons. 23 Penna R R 52 Pa Salt M. 014 J'hlla Co.. 31 Phlla Lice 31 Phi la Trac 79 Reading .. 89 Ton Mln.. Oft Ifnlon Trac 43 V d I alt W I .... 30 Un (I Imp. 88 V Cos N .1.22.1 P S Steel. 116 W N Y & P 23 York Ry pf 36 I.ow, 10 60 18 784 60 66 23 62 94 34 30 70 884 43 70 60 18 784 60 50 23 63 04 31 .11 79 88 6 43 Net ch. 2 1 4- 4 2 4- V, ! 4- y, A 4- U 28 20 83 83 3 22.1 225 ..I.. 114 114 4 22 22 30 36 Total atiln. 11.321 aharra, rompnreil with 889 ahnrra jr trrtl,i.vi tint, far thl. ueek. 2ti,'On h.irei Mine period laat Meek, 20,853 ahnrea. lin.Mi.s Nt ltlltli. Low. Clo. chce. 81000 Am Gas & K!co 5s.. 03 03 03 8000 Con Trae N J 5s.. 101 101 101 1 2300 City reg 4s 1967 ...101 101 101 1000 Lch Nov cons ms.ino 100 100 20000 Lehigh Val cons His 2003 .... 97 at 97 4 1000 Nat Prop 4-Gs . .. (!3 62 63 500 Nor Penna 4s 1536. 08 08 08 28000 Penna (,'o temp rtfs 41js .... 00 06 06 4- J5700 Phlla Flee 1st 5s. ..101 100?ll 101 4- 1000 Phlla W & H t O 4s 08 98?4 984 4 3000 Reading gn 4s 02 03 92 3000 Spanish Am I 6s. 102 102 102 Total ale. Jl,700. ronuiart'il with 879..10O srer.lji thiiK fnr this k. Stlll,?(K) name lifflm! Lint Meek, jS171,(H). Local Bid and Asked J ItaMnln I.oco Ilrlll J ft .; Hurt & .Sust to... '1'i pfd LlfH-lrir Htnriiiro ... iln IiM ;.; Kptton Tel .So ,M I.nk" .Sun fori l.hlh Nav lhlsh Val LfhlBh Val Tr .... do pM lYnna H H l'hlla i:ieo , l'liila i'o ! 5 por cnt pM. ilo 0 tier ci-nt pM. V It T t c llf-adinjr Tonopart Itlniont . . Tnncipah Mlnlnx . . . I'nion Tractinn . , . . V Q I f S Stool York Hwy 'lo 11M IVm Cranip t c . . . . Todiy riM Aaknl f'i! . 53 . ".I . ."'( . Ml . r,! . lit . 1. 11 . 1-J'l . Ill . is . 7S'i . i;ii . I'.'i . i.il. . r.2 . a . 331i . 3:i . a;;, . 29 , . ?! . i' . I! . 13 . sji, .11 IK . 14'a . an Is . Ml llll .-.I !!.'. "ij l-"a 114 1s' 70 &:. HP, :u :i,' :iij :m Mlj Yfaterday 111.1 Axkvd 52' 53 L'3 L'it 5H 1. 11 .-.n .-.I 111 l'l l.ll 111 17 77 a 111 L'.t 4: r.U, III SH'a 4 l' 4'."'4 sr, 115 II', S3 l- 1'."l III IS TBI, ml, i'1i-j i: S?.i .11 :t: .IMI wi'I t.n'1 nit 4:1 .V7 New York Bond Sales ,.-. . . HUh . innn Amer Asr 5a Inn 14IHMHI Anitlo-Krem li .. .... !i:t MDdll Alner l'or Sen 5 95ta i'lilHH) Amer Tel 5 a Illlv 17 i Armour Oi M 112 l.liin Atchison 1 9ti 2IHIO Atlan Co l.ln let 4.. (Sj Illlllll Halt Ohio 3'3H III"! 17IIHII 1I.1 5a lis 15IHHI ilu 4s 7, llinii 1I11 i lss Mi. 1 kuoo II & 0 Swn 34 n ... HSS 2IIMIII llici p l.iawv la. . s.ll, IIIHIK llrooklMl It T 5a IIHS. Il'l'a r.nim can n.t r.a 1921 iisU I11111111 ,lo ,-.. ltli'6 IMI'i 141X11) rt.i 54 1!U1 mill 2IMIII fal (Jan & lllee 5... 117', 3(iini Out Leather 1st 6a.. lill'J limn Cent It It N J 5 Ill', .13IIIHI Chei & Ohio cv 4'as.. SI", l.,mio ,10 com' 5a hi:. 2111111 Cht at West 4a. . .. 117', 62HIIII Chi It A O rec 4a.. vn ono c .l A nt P rM 4b s 11 hi:-. 30011 do ronv 5a Inn 2UIIIIH lo sv 4'.as 411U1I Col lmluatrlal fls.. Jiini) do ct 4b lTllllll City of I'arJa lla.. 1 0011 ruhan Am .Sucar tu Hunt Cht iivm Ss 11:11. n:l' 2(1111) Itln Orani1 & Weal 4a 7lij 7II' 711(111 Den & ltlo (Irntliln la 75 75", ;ii"lil Uet K'Bnn lat 5a 1933.mil ion KllMI lo IIIHI 5a IDil's Klll'a 1 l l"rl 4a hii', mi'I j.m 1 i' renrn jtepn n'na.-.. I'nv: iiiiiiii uranuy ion 11a 1111' 1 Ill Kleel I'liS Illillll lawa Central 4a ... .'.nun tnterb Met 4ija .... llliio Inter Mer Mar Oa . HUH) Kan City So 5a 1(1(10 Lark., Sled 5a 1923. Hum) do 19,1(1 mill) I.'iUeilK On" lat 5a 3'i Low Cloac ion inn 1)3 113 1)5', 115? Uli I'll U2 li'-' ll IS !)1S hKS ssS III" !I1S H7'a iij s-i, S7'3 M'a Mia NS SS S2 S2 nw'a im'a lis). IIS', mi', I'M', ml no', H7'i MVt H9ja llU'a llli 1UW M 81 r.-,'-, s.-i 117 U r.TH till1, iilrr, MIS MIS Hid ion li:l i)3 !)4' 711 71) 7 7 mi. '1 i'i lnnS Inns lnna nli mo mnij MI'a on A 1(11', 4S'J (II 1)3 81S 4K- 114 113 s: IIDN 1111;, 4S', 1:4 113 s; S5 n .inn1 a 1IIIIII Llv Shnre Heh In tfl'JS lrj. l.-nnn cln la 1031 IM'i lllllll Lnrlll.inl 21)1111 IxiuW & Nuah la .. anni) Mnnlialtan la .... Ilinll Mn Kan fc T lat 4a. (Illl'll MldvalH Slei-l ,",a . . 50(10 Mo I Me col ct lla. . . Union ilfin 1 a 2dOno Montana I'ower 5a.. mud N (rl Tex Mia lla. 200(1 N Y C 1. S 3'a IfiOlllI N Y C & II 3', a. ROOD do lla 701)11 do 4a I'.Onn do 4' 300(1 N Y City 4a 1057.. 2( .0(1(1 do 4', a (0 inniKi do I', a Nov 1057 211(10 N Y Caa II & V la 15000 do 5a llinn N V N It H 6a. . 20(10 N Y Itwy 4a jniinii no na. . 100', 100', Jim". n. .i T HMI'a I)2, 111', no! nt'. IW, in'! K3' 70 II2S inn'. 0'a ti.'.'i nil ... 73 i ... M.)',, ...1D.1 ... K7!a ... 02 . . . nnS ion 1)7 inn', us tn', us', tit', K.V, 1 116' 1 6)1 73' Ml', H2S lllll'a llll ll.-i', llll 73',1 o.i-i ini' 101; M', 07', ni 01 DOS 90S inn 1cm . inn', ino'4 Kin'i IMI', Ml I MI'i '.m'i Ml'. t)Kl 1111 4 11 n 1, iir nil till .'.OOII Norf k Weat ft 4V4e.llll', llll, lin', 2HIKIO do dlv 4a S7 87 87 600n N Y Tel Ben 4i ... Il.l t).1 US Siinoil Nat Chat & S L 5a,..mH4 jni", loin .llll. .-VT J .IC IB . . . , 300(1 .do lla toon Orn Short I, 4a . loon ()r llwy & N 4a. 240011 I'arlHn Tel 5a.,.. moo IVnna 4a ItH. . . 4.-innn do ccn ct P,a. 10000 do 4a liniO lnon do en 41, a . . ., finno roonle'a Uaa 5a.. Bonn I'oro Marquette 5a. . . 5000 ia. 4a 120011 Rcadlne Ren 4a sunn Itrp Ir A s 5a anon st I, l M & H nif 4a. aonil San ASAP let 4s. . Minn South I'ac tv 4a 5nnn South Pan cv 6a.... 24000 South Itwy 4a .iii.-.nn iio 5a 12O0II Texas Co cv rta .... 20lin Toklo 5a 8,1)300 U S ltubbcftt 5a... r.iion no iia D3000 11 S Steel a f 5a riiino cnioti i'ac iac 4a . . nsnon u ic of o n I Si. 2700n do n'i a J918 77000 do r.'is 1910 now. isnnii do 5W a lftio ltnon do 5', s 1021 loni) Va Ilwja 6a 100U Wlscon Cent son 4a. tin', , nt . . . Ssl, . .. KS . .. 4 . . . lla . .. OH1, . .. Ill 'i ...KIS'J . . . 05 . . , no . .. 71' . . . 1)2', . . . nii'i . 734 . 734 . 82 . nii'i ftii .1024 . 7K ". . ,inia ...ins'i ua 97 0A l) 811',, l!4 sal, tiai, 1) nil'; 01 'I IDS', n. sit 7t', 1124 llS 71P, 7.1' 81 osh '17 OK 102T4 102?, R7'i R7S 101 'J iota! 10.14 ln.ivl 95 B.I 4 117 nil.'. Dim onK? Wl'a 114 8c. us', ns (ins ni'i lii.'t'J n.i Ml ",'f 1)24 ii4 734 73VS 814 nn'J 117 nA nou miS n4 nn n.va o4 94 844 844 in,- Bili 054 9fl4 845 ToUt alM. 411.000 share, compared with 44,tOO ifaarei yUrti. tin a fr thlaWfei, Mi.lOO ibimi tune period laat week, 81000 ahare. More Gold for Japan NEW TORK, May 8. The Subtreaaury has transferred 01,109,000 In sold coin to Tnlnlaolea. S2.08O.0O0. roninare.1 with K2.ltnt - 00(1 jo.terda.vi thus fur llila week, S5,879,0O0i inmi. period Inat week. M.503,000. Sugar Prices Unchanged NEW TOniC, May 8. Fine granulated sugar remains unchanged, ivlth'the Amer ican Sugar rtennlng Company quoting 7.50o. pther refiners continue virtually. out of the market. Tho last sale In spot Cuban raws was at 6.21c, a decline of 6 points as com pared with the last previous transaction. Reserve Banks' Discount Rates 10 or Over 10 Over 30 Over B0 up to so. up to 80.- up to 00. "a a 4 tt n T ALLOTMENT CERTIFICATES . ' 'ARE ACTIVE IN LOCAL STOCK MARK Price Declines After Opening, While Old Stock Sells Ltnrefl A Ier, Tfmrsrnnn TfilenllOlie Issues Gonrl 1 Earnings Statement Most of the trading on the Philadelphia .Stock Kxchango today, as far as local Is sues went, tpolt placo In certificates of nl. lotmcnt for stock of the United Clas Im provement Company, authorized at the an. nual meeting of tho stockholders of tho company yesterday and tho shares of the old stork. Stockholders havo the right to suliscrlbo to new stock to 10 per cent of their holdings to May 12. The trading In the certificates was dono at declining prices from tho opening, which was nt 30, and tho low point was 28,'i. The old stock, at tho samo time, lostv 3 1-3 points, selling clown to 82. Olhcr than this there was very little to dlscus.a In the market operations for tho day. The moemcnts were Irregular. Le high Valley got to a new low for tho year and the lowest slnco 19U. selling at 50 here, off 2 points, and 5DU In New "Vork. Philadelphia, Klectric reached a now low point for the last two years, hut was only off n fraction as compared with the closo of yesterday. Klectrjc Storago Mattery de. cllned a full point. lea. a . 3 , 4 8 lloaton Naw York... Philadelphia Cleveland .. ltlchmond . . Atlanta .... Chlcaco .... St. Ixiula .,, Minneapolis K'anaaa Cltr Uallaa Ban Francisco. 8 Airlcul. Over 00. 34 3 44 4 4 34 4 4 4 4 14 a 4 noaton New York..,. Philadelphia . Oavaland V ltlchmond . Aiia.ma ...i Chlcaco. Kt..lA)Ula ... Minneapolis , Kansas Cltr, Dallaa Ban Francisco. 5 R k Up to o, a 4 4 I" 44 Com. Trado acceptance. upio u. moony. S2 82 84 4 4 JH JB h as tt ' ?4 84 mother was lasuti favorahlo earning, Matem-i 3 il hv tlln l,V,l... ... UK1.ii -a. " -"... Jeicnhna-l I company for April nnd four months ot tl fiscal year, l'or tho month there w J Item up to $130,19(5, whllo tho net eaJ'S wero $r,3,93l, a gain of $2002. tJ nJ plus for tho month was 136.142 .".'"l of 1GC3. Tho gross for tho four rnM icncncct fii4,iii), nn increase of iinT,.J whllo tho net was $248,440. a Ban of IM'I C3D. and tho net surplus was $137 y. rQ ndvanco of $9275. Thcro was tradlniV the company's stock on 'Chance n4 llrokers' hous.es teported that aoBlia.il tlons for portions of tho hlg (!ol,tP.Sl loan wero pouring into their offices ii, ! far the nppllcntlon'j mo only In tho 11.?! 3 of offers, as deflnlto Information ImaiSUa como from Washington on tho exact fori!' nnd the terms on which tho loan wiiik! ' Issued. It Iioh been suggested !n .' to Issuo the bonds would bo In the fnt-.f WHEAT JUMPS TO $3.00; UP 15 CENTS IN DAY New High Record Price Estab lished", With Trading Small. Drops Later Hall low Id :: 4)1 Si ,vi a .- i :it 4K 4'8 -! Ill All 411 wr..Tiini: rnNniTioN1 MIW lOKK. Mar 8. Adiltra rccrhed at tlm Weather lliirrnil tlila tnnrnliiB InillratPil the follonlnic nestlirr roiiillllntiai Teinpcratiiraa Can-iillon Norlliweat clear Norllinrat clear Middle. Weat t ear ontlineat .. dear Inner Mlaaiaalnnl Vnl... .ran Loner Mlaalaaipnl Vul rain llliio Valley dear The follolne preclpllntlon (In liirliea) na reixirlcd: .01 nt lieinert ri at l'.irkera liurc. and .01 ut ?lllwniilee. CIIIf'AGO, May S. Trade In wheat re mained restricted today, but the market displayed great strength and May sold nt $3. a now high record price, just before the close, compared with the previous high mark of $2.85K, established yesterday. Most of tho day's business was In tho new crop deliveries. There was n good deal of ncrvouness ocr tho ilovernmcnt teport Is sued at the close. It put tho condition of winter wheat on May 1 nt 73.2, against 3.1 on April 1. and 82.4 on May 1, 1910. Tho area remaining was placed at 27,053.000, compared with 34,820,000 acres nt tho harvest hist year. The Indicated yield Is 3011.110,000 bushels., against 481.714 000 bushels harvested In 1910 and 673,017,000 bushels in IHlu. The avullablo supply In the United States, according to Uradstrcct's, Is 39, 202.000 bushels, an increase of 0,371,000 bushels for the week, and compares with 50,144,000 bushels a year ago. Canadian bonded wheat In tho United States has been taken out of the Dominion's supply. Tho visible stock In Canada Is fil), 118,000 bushels, a decrease ot 13,750,000 bushels for tho week, nnd compares with 75,255,000 bushels last year. Tho low on May was $2.80, the high $3 nnd the close $2.97, against $2.83 nt the nnd yesterday: tho bottom on July was $2.20: tho top $2.34- and the llnal $2.32"; to $2.31, compared with $2,201;, yestcr dav's llnal price ; tho best on September was $11)5, tho low $1.9(11;., the closo $1,911- to $1.94.4, contrasted with $1.90'2 at tho close yesterday. Tho cash article was very strong, owing to congestion at Winnipeg, c'niiadlan wheat Is higher than American grades, and con sequently not available for millers in the United States. Tho larger mills aro call ing for a deposit of $5 a barrel on nil future flour sales for Juno deliveries. This Is equivalent to $1 a bushel for protection on long wheat. Tho matket at I.ierpool was dull. Klftv years ago rash wheat In Chicago was $2.90 for Ko. 1 spring and $2.09 the top for Xo. 2 spring. There was no trade In futures then. No. 2 corn, $1.01 ft 1.04, and oats, 02C3c; Hour. . $13.1(l'it 14 50 ; mesa pork, $22.25; lard, $12.25. and hams, 13c Ciotd, 135U. The llr.t copy of the Daily Trado Bulletin, issued May 1, 1807, con tained the above figures. Little business was transacted in corn, but the market was strong. The weather was not good. The market at I.herpool was strong. Oats moved upward. Stocks hero are de creasing rapidly. The market at Liverpool was easier. Lending futurra rarnred aa follou-a: Open. Hlch. Low. MM. . 8.M 'on '-'.sn .luly.. a'J7. .33 y.'d Sept 1.014 1.05 1 'Jilij Corn mow (icuery) May.. l.M l.BT I SI l.r.O', .Iiilv.. 1.4li 1.4:." 1.14 1 m i.oi 1..HI i.:it' LONDON' STOCK MARKrjr '' Americans Arc Stronger andj Mor,' Brisk Pay orTrcasury Bin, f LONDON', May 8. Thero was no lm ;i provement In business In pcrurltlivt -- .v" Stock Kxchango today, but tho marl...' worn i if a ilv '".itaeuj, Tho gilt-edged section was Irregular ,"' lower In tho nmli, T,., ,.'..'" bt, ------ .-..- i.viirui I'aJIS lO thill amount of 20,000.000 were paid todiv,2'J another block of 25.000 000 uill boofftrM'".! tor tenner on iTiuay. ri..,l(ir..i In ,..., .... 'V '" "' "' """'il.iii.-.. welch we,-a' stronger, were moio brisk Canadian P. cine was ipilet. Hesitation was shown J. (irand Trunks, which were weakrr n.ndi.' tho receipt of an nuthorltatiw, VcdIv if1 Chairman Smlthers's protest against iv suggested terms for tho nationalization ' llie lines ot the Dominions ArMi..' innilu ti-!,a-.ro,1 l.nf At. "'.Benl"l , f,rn. "' -v.,.....,, roaas weri The foreign department was -Inactive W the news from I'etrograd strcngthentd th. Itusslnns. Mines, rubber and cJIs imrirovel In spots. i""aej LOCAL .MINING STOCKS TONOPAlt .TO( K M.irN'amata Midway Mlzi'.ih i:tenaion i. AToniann North Sinr llescue Kula Hid. n; .13 .11 L'l) .12 l".l UOI.nniJLT) STril KM .1)2 Tllnn Itnll llODlll Cotnljinatiim I'rno Dlnmondtleld II II IJalay ,. . Uro Samlatnrm Kendall Kller I'lik MISCLLLANnotS Arizona United Nevini.i inn ;; Tccona .Mining ()." .i)i .l'2 .1)2 n.l tt Artel "U .111 Ml .111 Mi .01 i .014 .11.1 J 1 BAR SILVER , Today. Yea. Tnes. Hlth?Lo mlon (pen.-e) nTj 37), S7, a",v jjS w Yorli (rents) 71 7 1 71s, 73 jjf Clna l.lll Font.. 1.30 at ... 5Ii July.. 03'a Hept. 84, Lard May.. 23.20 July.. 12-'.17 Sept . 22.r.n Itilia May July.. 2n.r,S Sept.. 2rt.80 Pork Mav Julv. . 38.13 Nominal. 08', 22.20 :2.4ii 22.50 so. nr, 2O80 -i ; n:t'i .-i I'i 22,nn 22.17 22.3D n, 113', f.l'a 122 no 22 17 22.30 120 30 t21l 4.1 t20.57 Tea ( loa,.. 2 S.V, 2 2l, LtlO'a I.53H 1.13'a 1.30 I07IJ 1131, r.ia 3S.18 tAakert. I,.... J.Tf.UR 37.92 37.92 tXominal, 22 3S 22. 17 2ni7 f.'O nn t20.7.1 J37 7.-, 38.05 DO YOU OWN OIL STOCKS? If an, you aliould bare our new booklet giving full Information an to rapl tal, earnlnca, and propoaeil future development of 200 OIL COMPANIES Jfaileci free on request. THOMAS E. DONOVAN & CO. ' Specialists in on Securities. 25 Broad St.. w yor(. Facts FIRST Operating profits for 1916 over 52,302,000. SECOND Present monthly rate of copper production over 1,500,000 pounds. THIRD Indicated ore reserves over 18,750,000 tons. These facts indicate that HOWE SOUND th I.irgeat copper properly In Can. tula lina Juatlileil thu moat nptlmlatla preillitlnna owl should In tune take III Plaie with tho illviJend-pasins copwr mines. Wrltn for our detailed report, which luiluilea the lateat Information obtained from tho company annual report Jut lasucd. Send for Report 14G-T.U. JONES & BAKER STOCK IlItOKLltS WirJcncr Bldg., Philadelphia Hell, Walnut 1000.1, Kej stone. Ituce 2200. New York lloaton CblrnRO 1'lltsburjh fllnct Private Wires jo.ves & n.iKnn. "" indeiirr Itttta., riilltulclvhia. Pa. You may send mo jour report on Howa bound 110-T.U, anie Address .. CUu Utate . - yui.u, .iivi:itTisi:iiiTs r.sr.VTii or i'in'i:f; ciiuii,Ti.vxsES,H ifncnn wiil m l.anttnrM t nnl si m nrn r nil lbt.1 flhcvft cxliitn hitvlns lptn KraniPj to THE J IIlOVIDi:.T LIKI3 ANIJ THUST COMPAM-,a uv I'lillj.MJl.Li'lllA. an pcrsorn maruira hu ttm sattl tatuto ute rrnucflOri to makoiparoent i 11 nu moan nuvinfj cm una 10 present mo ", ii-llhAit Halov at lha nffli-a. nt B.llil ('nmfiarlT. 'M 40'J Cheiitnut at., .Philadelphia. . .. J a, A ft. WINfl. J tirAyMaait. "IUVU" .rim History of United States Loans vfvi16 PPared for complimentary distribution a ,k iCA. c concisc and interesting information aoout the financing of our Government from the days ? ik K?volutln the present time, includirig the Liberty Loan of 1917. rtSfite"?180 comPares the resources and debt of Sfrm fes w.Ith those of England, France-and lK aLy. A1!,Previous loans of our Government are thl JJ Vuand mtercsting computations upon included Proposed new Income Tax are Send or a copy of Booklet No. 2418-B William P. Bonbright & Co. Incorporated Morris Wistar Stroud, Jr., Manager New York rM1""1 St ph"adelphia , "London ChlCW to . Detroit , ow uiirur jo atiir. " T r: f00?"" , BonMiUt c A r,.-KS'""'-4, M Z ' W ' 1 W 1 1 aai7 11 Hi 11 111 aj M L' A'mHBBXmmBaaffi&W'3K$L Mitm Ft;.: Mi !Ty jmivfifji. f. ! :; z$m& ajc - oaan on aaraaeraeai aula Mn rruteueo. laWo 1 eeet6a with ahlpront I yJi Up to thirty, y
Significant historical Pennsylvania newspapers