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"eWJflPJfJ5PUJJ l!iU.
EVENING LEDGER-PHILADELPHIA, WEDNESDAY, MAY 9, 1917
i .M
VV
TAX FREE
PUBLIC UTILITIES
MAHONINQ A SHENANGO
RAILWAY 4 LIGHT COMPANY
FIRST A CONSOL. MTG.
. 5T. DONDS
1920
HARRISBURG
LIGHT & POWER COMPANY
FIRST & REF. MTG.
8 DONDS
1952
PHILADELPHIA CLUCTRIC .
COMPANY
FIRST MORTGAGE
8 BONDS
1966
REILLY, BROCK & CO.
1!M(I'.!!S
206 CHESTNUT ST.
riiii..ii:i.rin
.0.0arli$4.
BANKERS
(LaUbllahpcl 1537)
321 Chestnut Street
Philadelphia
"Do Your Bit"
Every employee of this or
ganization has entered a
subscription to th"e Liberty
Loan. Have you? If not
Do It Now
Subscribe through your
own BanI: or send us your
subscription, advising the
name of the Bank upon
which your check will be
drawn. We will attend to
details for you, our service
being rendered without
charge.
The National City
Company
1421 Chestnut St., Philadelphia
,w lork Chicago hnn Pranciico
ttoitou rittjbursti
Municipal Bonds
Wc own and offer a compre
hensive list of carefully selected
munic'pal bonds exempt by law
from the Tcderal Income Tax
which we recommend for in
vestment. We shall be pleased
to send descriptie circulars ta
investors on request.
Harris, Forbes & Co
Widener Duilding
PHILADELPHIA
Sound Bonds
During the past ten
years wo have taken part
in the marketing of Pub
lic Utility Issues aggre
gating nearly
$100,000,000
There has never been
the slightest delay in the
payment of either prin
cipal or interest on any
Public Utility Bond sold
on our recommendation.
Booklet "P" on reguejr,
INCORPORATED
Stock Exchange Bldg., Philada.
notion New York
QlinInnby
Sc Company
AUTOMOBILE BANKER
Offer bpeclal facilities for In
dlvlduals or automobile deal
ers to flnnnce the acquire
ment of pleasure cars and
for business houses to finance
the acquirement of commer
cial cars or trucks. If you
, are thinking of purchaslnc a
car of any kind for any
purpose the FINNEV SYS
TEM will make a better busi
ness transaction for you.
ftCAL ESTATE TRUST BUILDING
PHILADELPHIA
''i Steel Alloy.
-' . Bm-mU Ofl fc Gm Co.
'- : uttttttim
Mr i.mnT ,, s
FINANCIAL NEWS
l
LACK OF DETAILS ON GOVERNMENT BOND
ISSUE AND FEDERAL TAXES DEPRESSING
Slocks Lower Here All Through Day May Transfer
Huge Amount of Gold to Federal
Reserve Bank
Mm Uh In lhl flu were nilrrt h tho
Mm'1 rontlltloim vilileli Intlucnrpil li.itllnc In
Wall street Tho market ii.ow'inenlsi. from
the tall, IipbnI In tln Ntreet, lilnKeel around
two tliliiRF- Inik nf dotallH nn tlir- tinv. em
inent loan lunl oplmlPiii with toward In tho
new I'Vdernl tnintlmi In hfwtuI eii.irtrrH
nf tlie llnnnrlnl dlnttli'1 loiniiient vvii not
fnvoinhlo Lee-nuno nf thp hlowuexs with
which iletiillH nf tlip (imrrniupiit fltuiicliiK
lire bPliiK iinwuiiirerl The prlnrlpil thlnRH
Hip flnnnrlrrs want tn linovv atp thp ileiiom
liiitlnni In which Hip bonds arp to lip Issued
and thp nmtiirttv tlrporti lrip It that Hip
ilenoinltnitlon will lip a Ion as $lfin, uin
iilnjj iipu.iril tn inn.nno and that tliov
will tmittiri In tlilttv vimih with thp pro
vision that tli.v inav bo rptlrcd In Hftppn
vr.irx at thp nptlnn of thp i lev eminent The
tonus nf pivmrnt. tho reports hnp It will
bo 1" to 5 per cpiit at the t lino nf the
stiliFrrlptlnn anil tho lial.inrp Inlnstnl monts
Tho eft pet nf the Mutation nf tho loan
was hpnkp'i nf It was Hip opinion that
tlieio would bo hhn") Inrrrasp In ,innU clo
pnxlis HucmikIk ut tho rnuntrj. Tho nil
vinco lu clrpisi s would lip tho ipult nf thp
eiffr nf Hip banks' fapltlos to pnablo them
tn iair tho now How rnment bonds In
miiiei twin with tlm (!nf rnmont loin It
was liitorestltiK t" lip.ni todav that some
thinK III.P $T0nfl00 nr Jin ori0,i00 Rold
1
I
Strengthen
our
1
Credit !
1
by including among '
your assets
United States
Government Bonds
I They provide the strongest pos
sible reserve, have an unusual
loan value and arc exempt from
all taxes with the exception of
the Inheritance Tax. In view
of these features, the rate of
3', 2 can be considered as
liberal. i
1
1
Wc arc prepared to receive sub- I
scriptions to the Liberty Loan
of 1917 for any amount and in
the most suitable way.
Our services without charge
A. B. Leach & Co.
115 South Fourth Street
Bell Thone Lombard 23T
Nw York Chlcaio nurfl
ttoiton London, Enr. Baltimore
M Louis Minneapolis
Odd Lots
Stocks Grain
Unlisted Securities
The fttmn cireful attention clten to
small lota as to thour of larger amounts.
HUGHES & DIER
Members
I I'lilln. Stack Kaoliang
I II
I'lilriiKn Uourd of TradB
1433 Walnut Street
Philadelphia
INTERSTATE OIL & GAS CO.
Twenty-two proiurlns wells In heart,
of Humble fields. Texas
Information roncernlnc present
dividends and further development.
THE HAVILANDARMSTRONC CO.
1 1IH Wnlnut Mreet,
Plillndelphhl
Where Buyer
and Seller Meet
HOW and WHY
a market place for buyers and
sellers of securities is made,
and
How Stocks are Listed
on the New York Curb
are two tilings that every
investor should know. They
are described in an interesting
booklet just published.
You Should Read It
Send for Booklet 850-T. U. '
JONES 4 BAKER
STOCK nnOKERS
Widener Bldg.;Philaderpkia
Bell, Walnut lCDO-l,"',
Keystone, 1U 'i'llu. 1 v
New York llostoa
Chicago . I'ltlsburch
,Dlrrc rddlo Wire.
J0XE8 A BAKEIt,
ll'Wcner Bldy,, PMlaMpMa. fa.
Tou may send roe rour booklet ISO-T.U.
ATame ...... ...... .............
and cold Lortllk.itPK ma. bo placed with the
IVdcinl Itosprxn Hank of Philadelphia as
.1 tosult nf tho K'llil molilllzatlon plan ev'
ernl ImndredK of thousands nf dollars of
toypnes of smno i Ity and out-oMown trust
ininpanlrs, It Is tindorstood. bnvo already
boon transferred to tho IVfleral bank the
Instllutlons receUliiR In exchango Iherefor
l-Vderal rcsono notes. This has been the
result of the opinion nf the State Atlornev,
(ienerrtl that tho notes roiild bo lounted
us Ipfjal re.--pro.
1'ressuio acalnst the stock of the I'nltfd
tias linprnpnient rompat, under which
It was carried down .ip.irl ,l'i pilnts In
the trailing ,pstprda, and tn which It was
rubjecttil for a lime In the enrlv csidon to
day, after which It rciineied tn above the
closp of last night, has attracted attention
In tvo financial district When considera
tion Is Klxen to tho londltlons which sur
round tho business of the company, In
common with other utilities at the piesent
time, u reason fo. the pressure against the
stock Is apparent. In most Instances the
public utilities are forced legislation to
a flxcil prlco for their products whether It
is light, heat nr ..ansportatlnn and against
this the,- are confrnnted In msls fnl "
tcrlal and labor which are sleadllv llslng
Tho company's warrants weio the most
iictlo In tho trading on tho local txclnngo,
to lay, and tho prlco was off a fraction
f.ehlgh Valley tlillrnnil stock sold down to
BS here tod.o and In Now- York the low
was B7i This Is the lowest It has over
sold as a 10 pel cert stnik and tho low
point prior to this was established In 1H08.
when It sold dn.vn to Sir,. It being on a 0
per cent basis then The low malk hen)
was 2 points below the final figure of last
night Tho selllnr, of this stoik. In com
man with other high-Kinde Investment Is
sues. 1 an bo largely ascribed to tho fact
that holdeis dcslie i(1 turn their stock Into
1 ash to take up sumo nf the llnvernrncnt
loan
The largest decline in tho lni.nl trading
was In Heading, which was off 3"2 points,
wli'lo 1'nlted States Meel ininmnn was
down more than 2'j points at ono time.
I'rninp Shipbuilding 2'j points lowei and
Cambria Steel 2 points A fractional loss
was leglstered In Philadelphia IVipId Tian
sit trust pertinent" and I'hllade.Iphla Illec
tiV reached n new- low point for the last
two eaia at 30
WHEAT REACHES $3.14
IN WILD CHICAGO PIT
May M Cents Over Yesterday's
High Record Price on Bull
ish Crop Report
IIIi'Aflo. May ! Although the volume
nf business icmalned small todav prices
for wlip.it continued upward In a sensa.
tlonal manner, all deliveries being estab
lished at new high marks At the nuts-et
the market demonstrated IU interpretation
nf tho bullish (.lov eminent report by a big
Jump.
Tim loss in acreage was much greater
than had been expected and, while there
are possibilities nf an linpiovement ill tho
indicated lolcl with good weather, and
the trade Is hoping for a huge production of
spilng. It Is evident that the 1'nlted States
will not have enough tn supply tho needs nf
Kuropp
After the opening there was a leaction
duo tn renlUlug and short selling, but the
list locketed later I'evv traders were will
ing to give nn opinion op tho mnrkct Tho
weekly leport of the weather bureau said
that low temperatures had checked the
grow til of winter wheat to home extent, but
altogether conditions were favoiablo for a
good Mnml and theic una a general Im
provement during tho week In nearly all
sections nf tho countr.v.
Tho conditions were unfavorable for
germination and best growth In tho spring
wheat region There was a further rise
of $1 a barrel for flour, with i-peclal brands
quoted as high iH $17 9."
The high on Mnv wheat was $3 11, com
pared wltli jestei clay's top of J3, the low
3 07. and the cloe fl 11 against ?1'.97 tit
tho end jestei daj The best on July was
$.' 19't. compared with the previous high
point of JU 3C on Apill 28, the bottom $2.40
and tho close $2 4fl'4 to $2 45t, against
$2 32U, the final quotation of esterrtay.
Tho best on September was S2Q9U, com
paiod with $2, the previous top mark on
Apill 2S. tho bottom $.' and the close $2 07
to $2 0G-, against $1 Dl's jesterday's last
prlco
The weather In Kurope Is generally un
favorable and crops are backward
At I.lvcipool the market was firm, tho
American Oovcrnment report being worse
than had been expected and serving tn
emphasize the. necessity of rigid economy.
Oreat lliltaln hns assumed control of most
of tho flour mills
Corn showed pronounced strength also.
There wns a general demand through com
mission houses for small quantities, null
Ish Influences wero Indications of increasing
human consumption, small stocks, dlsap.
pointing receipts and the clearness of wheat
The market at I.lvcipool was strong.
Oats vveie firmer, too, on a heavy In
quiry from commission houses. There was
profit taking at times Tho market at
Liverpool was strong.
Leading futures raneed ah follow.
Wheat
Open HIITh Low. Cloae.
May.. .1 11 ,1 14 a 07 3 11
Julv . L" 4J 1' 40'i 2 40 L' 4l!
hept . 'J 01 SOOi, i 00 '.'07
Corn (new delivery)
May . 1 MP 1 on t us i as
I l1l 1.47 1 I7T
1.40 1 3SU 1 3sT,
Julvt . 1 4S
hept 1 39'a
Oats
Mas klV
July . nvj
Sept afl'ii
Lard
May. , 22 20
.luly . ..' 27
Sept . 2-42
Itlbs
May . 20 31
July. 'JO r.'.
Sent 20 07
Pork
May . 3s no
Julv MS 1.1
Bid tAked,
Ii1i
1I
50'j
25 30
22 31
22 SO
20 41
20 fS7
20 80
3S n.i
SS 30
!4
US
22.5n
22 37
20 40
20 fill
20(17
3S 00
39 1.1
INomlnal
1in,
n.s
53'i
122 17
2J SO
2J 47
J20 40
20 RO
20.77
t.is on
t38.2J
Tee
elnae.
2 01
2 32'.
1 (M',
1 S.
1.41".
1 37'
AS,
m,
.11
22 on
22 1 7
2J 30
J20 30
t20.41
t20 87
137 fll
37.0J
Lehigh and Ncvv ErtRland Report
The Lehigh and New England Railroad
earned 11.6 per cent In tho year ending De
cember 3, 1916, against 15.8 per cent In
1415 on the $6,000,000 capital stock, the
net Income being 1698,035, against $949,138
In 1915. The total operating revenue was
$3,046,332, a decrease of $27,932, while the
net operating re-venue was $1,224,657 a
decrease of $242,216.
Jf.tMJ...
BAR SILVER
Laat
. . .Today, Tea. Wed.
New York (centa) 74" 744 74S
I,ondon (pence).. 3711 37U 37Ti
1017
llla-h. ;xw,
7H 71 K
all sail
-L
DIVIDENDS
MRTmVKSTKRN TKII8T COHPANV
Hldie and Columbia Avenuea
Philadelphia. May 7lh. 1017.
The Dlreetora have- this day declared a aeml.
annual dividend of K1UIIT () per tmt.tS9
able Star lh. Checks will be mailed. We
have alio Increaaed the Surplua Account
110,000. maklnr
Capltal , $130,000
Burr-lue , koo.moo
And have on Depoalt over. . .8.700.000
AI.EXANDEJl D. IIOBINSON.
Treaaurer.
ANNDAT. MKETINOH
jKS NORTHWKflTiaiN! MUST CeWANX
Sales in Philadelphia
.i
inn
14
1.1
110
in
.in
inn
1801
ni
3, ID
410
in
337
inn
inn
lis
37
Hoi)
m.i
in
i D
2.1
114.1
rn
138
1427
2700
D3R1
24
ion
100
280
lllah.
Am das ..lis
('am Iron . 4i
''am Btecl 113
r.lec Stor 60
lrlo .. . 23
I Asphalt 22
K'onno fop 41"!
Ills Co N A 13,i
l.k Hup C IK
Ih Nnv 7H
l.oh Valley nn
Mldvnlo Ad
N'cw Haven 37
I'onna II It (12 Vi
I'a Salt J nil',
I'hll.i Co 3.1
do emu pf 3H
I'hlla Kleo 31
I'ItT tr cfs 20 l't
I'hlla Triii' 711
Hep I ft S
Heading
Sn Ilwy
Ton Hel
Ton Mln
Union Trac 41i
I'n (I Imp H3
do nllot wl 30',
r a Steel 1 14 id
do pref II7V4
Wh U Krio l3Vi
W N V k V 2i
Win t'rnmp SB
77,i;
7S,
3V4
4ii
n
Low,
lis
44
113
on
22 A
22
44 U
12,i
17
11Vs
AS
fill
37
Alt
ni
33
38
30
24
70
77Mi
8114
2 Mi
I'.s
0
42!
82 Vt
SV4
II2H
II7V4
I3,4
11
Close,
118
41
113
nn
21
it
1 401
12 VI
IT-V4
77V4
.18
A1
37
Alii
nt
33
38
301
2814
70
771,
8H
24V4
4!s
(1
42 if,
82
281,!
114S,
1I7H
13 ',4
Net
rhge.
M
V4
Hi
1V4
V
ii
1
'
iii
ii
i
H
'4
Ii
. . J
1
3
i
"v,
Vi
M.
Ii
80 14
Tntnl sales, 21,347 shares, eompareil with
11,321 hare .ce.tenlii.M thus far tills week,
41, .127 h,ire anie nerlisl last week, 2fl,8M
shares.
iinsns Net
lllsh Lncv. Cloe. fhRe,
J2nii Con Trac
N .1 fis mili mm 1011', H
Am City teg 4s
l'.Mi) inn, liny, inii4
2000 tnteistate
Itw.vs 4s B4 fit A4 14
inoo Lehigh Vnl
gen Is. . 87 87 87 14
onno do tons
4'i,s20n3 Hflsi 00V4 OOH 1,4
1000 Leh & New
i;ng Bs. 10214 in2'4 103V4 la
1000 l'enna Co
cons l'2s .,
1900 . I03U KiSli 101J4 14
If.nno do temp
cts i'.jB 0B14 n.li 0,11', j'it
2001 Phlia i:iee
4s .... on !)0 00 14
4,100 do 1st "s 101 , KIOTf, 101 , a,
2(100 Heading
gen 4s . fl2"4 02 D21,, 1J,
Total ales, Mn,ls)0, romparnl with $81,700
eteriliit tlm far Ibis week, $201,2001 same
IH-rlotl hlkt week, X2liH,IOO,
j Local Hid and Asked
Todav Yeaterdav
, Hid Asked lllil Ask.il
Msldnln .11 ,11 ', ,11 .-, p.
Hrlll J It ... .21 211 21 27
Hurf Si usq t e .... ."ill till ,",S 1,11
do pref t c . .10 .11 r,o ,11
111m trie stnrase Ml i,u .111 id
Uc11er.1l Asphalt . 21 22 21 22
do pref i,n I,.' c,o llj
Koatone Telcphonn 12 12'i 12U 1 JI4
. do Href III 1,1 III 1,1
Lnlce .Superior Corp .17. 17"i Is isl,
I.ehlKll Navigation 77 7S 7S'i "II
LihlBh Vnllov . ,1Sl, fill CO LOU
L'lllRh alle Trac lion 21 24'a 2.1 2tVi
do pref . 4114 111, 4,fi, 44'a
TVnnsvlvicnla . .",! fit7I .12 r,2'i
Phllad.-lphl 1 dec trie .inn .10', anv :il.
Philadelphia I'n 31 .11 :ri", .11
do ,1 per cc nt pref a I :n a 1 ai
d.i 1. per cent pref .is mi :t7'a :ist -
I'hlla UTIc . . H J ao
Itoadlnir si1 slij ssi, ssia
lonop.ih llelniont IS I' ln 1'
Tonopuh Mlnlnc; . 0 tiN c ip4
l'nion Trorllnn . IJi, pji.. )..i- h
1'nlted Has Imp . . SJ hi kjii !-'.
1'nlted Mates Meel 114'4 114. 111' 11.1
York Hwv ,11 11 14U 111,
do pi of . ,. 3llj .17 .Id1? :i7i;
1m Cramp I c M Ml sit S7
.
DIVIDENDS DECLARED
OuiKcr Onlfl 1'nmpnnj, reKular quarlrrlv
of l per "lit nn tht rommnn Hnd IH rr crnt
nn th preftrroi tot k Tho rommnn riHldpncJ
1h raflbf? Julv 1ii tn Mock nf record July 1
nrul tho prcferrpd Ausu-st .Tl tn atock nT record
AURUKt 1
T.lndum T.lKht Company regular quarterly nt
l iir nt nn tlm pn IcrrM Mock and recui i
iUTrtfil of 3 pft tout and on xtra of 1 pr
cnt on ih ''oinriion mi piytiido May ,11 to Mm
of record M a Jl
rhlludlphl.i, iiWmnntnwn and Nnrrlntoun
rtailrnid Compin, quarter. v of 3 prr tnt
pa a Mo Juno 4 nn rRiMred May in, l.ooka
iloK May IV, open lunu i
i'hcainut Hill ItatrTnari Cnmniny regular
quirttrl nf l1, prr trnt, pijablo June 1 am
reslslercd Jhj lt, Uook closn May ll, rpop n
Jun A
TlttMiurKh r.tsemer nnd Iakp Krle, rrcular
ficmlaiinuil of 3 pr cent on the preferied stock
ltaaliln June 1 to Mock of record M ay 15,
r V. Woolworth Company rfKiilar nuartr-rlv
ftf ! per cent nn preferred, pajable July 1 in
slock of record Juno It
LOCAL MINING STOCKS
TONOPAH STOCKS
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
WIIIIAT Itecelpts, 7(1.313 bush. Western
vires vcern stromr and the market further ad
vanced 1.1c under a cood demand. Quotations!
Cor lota In export elevator No, S red, "pot.
3.2A(33 30, No, 2 southern red. I3 23W3 2S,
steamer No. 3 red, 1 21113 2fl. No, 3 red, $3 21
3 20 rejected A, $3 173 22, rejetted II, 13 13
ft. I IN
COKN rteeelpti, 18 010 hush Tile market
ruled firm and rrlcea further ndvanred le, clue
to stronger western advices Quotations Car
lots for local trade, as to location Western,
No 3 jellow, II 7.I1. 74. do. Nn. 4 jellow,
II 71 f 1.7.', do, .No .1ellow. Il,nii1.70
OATH itFfeipta. 31,7118 hush Advices from
tho West were stroni; and ih market ndtancect
le, but there was little tradlna uoiallonai
No a while, 7na sue, standard while. 7s7Ue
No a while. 77'lj7Se. No. 4 white. 7IIW77C.
K13IUI heceipte. .100 lbs and nlf.OSs lbs.
in sacks The market ruled Arm and again
hlsher In sjmpalhy with tho rontlnued adcance
In wheat Trade, however, waa quiet Quota
tions, per IDil lbs In wood leotton or lute sacks
about J.lc lies) Winter, etralsht, 14W14.rill,
Kansas, clear JI3 7.1014 21, do, strolahl.
114 r.Oiift.1, do patent, J14 7fiffir. 2.1. sprins.
nrst clear. $13 BOB 14 do patent. 114 7SW1.1 ,;1I1,
do, favorite brands f IS 7 HI Mi. rlty mills,
choice and fancy patent. 11.1 7.1W1U.I.0
ilir, x l.ui'll waa scarre ami iikhiii -.c- r;-
nianer VVo quote I1II7.1VII i.l per nni
bbl
as to riuallt)
I'ROVISICNS
m.i
MaoNamira 07
Midway t i,f
Montana 20
North Star 12
Itescuo iluln 211
IIOLIIFIRLD STOCKS
Atlanta 10
Hill" Hull 112
Hooih ns
niainondfleld n 11 0.'
IMlsy .... oj
c)ro . 02
Sand Ken . . . 11 1
Sliver Pick 11
MISCBLLANKOl'S
Arizona United , , .30
Nevada Z4111 . . , 20
Tecopa Mlnlntr .. ... .23
Aaked
us
11
.21
14
.30
Th" market ruled Arm quotations Cltv beef,
tn sets, smoked and alr-clrled, 31c, Western beer.
In sets, smoked, .'IBe City beef, knuckles and
tenders, smoked nnd air dried. 3He. Western
beef, knuckles and lenders, smoked. 30c 1.
hams WW3.i Pork famM. 14,1 .100411 Hams.
B. P. cured, loose, IrSttLMtc. do skinned, looie.
2ii4.27c do, do. smoked. 27'4 W2Sc. Other
boms, smoked, cltv cured as to brand and aver
aire, 2HW2l)ic Hams, smoked, weetern cured,
2il2ii4c, do boiled boneless 40o. l'lcnlo
shoulders H. P cured, loose, 21c. do, smoked,
22c llellles In pickle, acconilnc to average
loose, 27c, llreakrost bacon, as to brand and
average city cured, 3.P$c Ureakfast bacon,
western cured, ,nTc. Lard, weetern rellned,
tierces 23'-ii. do, do. do. tubl, 23Vc l;rd,
pure clt kettle rendered. In tlerc.es. 21)4c.
l.crd, pure clij kettle rendered In tubs. 2JV1C.
REFINED SUGARS
The mirket ruled firm, but there was little
tradlnit Franklin look 11 lltli" business at
7 .inc. while the Ponnsclvanli Wusar I'ompany
would accept 7,1c lleilnera wcro .cstrutlnif
onlers
DAIRY PRODUCTS
HCITntt The market ruled slead with de
mand equal to the limited offerings ejuola
lions follow Western fresh, solid line keel
creamer), fancv specials He, extra 42flfl3c,
extra llrsls 4ic tlrsts Inc. seconds .mine,
lenrbv prints, fanc. I.le. do, average extra.
4V He firsts, 4l4e4.,c, aeeoncls, 4IIB 40'ic. spe
cial fanej brands of prints Jobbing at 48 5rfilf.
UOCIK Trinlo was ejulet and thero were fairly
l'beral orfcrlngs at tho late decline Quotations.
Nearby tlrsts, tin ,111 per case, nearby current
receipts, 11020 per case, western extra llrsls,
110,10 per ease, do. tlrsts, $10 20 per case,
fanev selected candled esgs were Jobbing at
311(1. Ifie per dozen . .
CllEll.si: Dei land was fair nnd the market
ruled steady under light offerings quoImuoiis
New York fullrriam fclio new 27' 4l 'J.'e.
specials higher: do, do, fair to goud, new Jb'a If
271, do, part skims, lHfJJc
POULTRY
LlVi: Iho market ruled Meade under mod
erate offerings nnd a fair demand Inllowlns
ar the quotations Cowls us to qualm, Jlc
24c. stngio roosters. 18J'2UC. nlil roosters ll.SC
17c, spring 1 hie kens, not Letdiorns, plump, vel-low-sklnmd
weighing ".fifl'e lbs .apiece. 31JW
40c, White Leghorns welghlliB bill's lbs
apiece. 34fi3lle .lucks, lVkln 20Q22C do, In
ellan llunnor 17lsc pigeons, old per pair, -8
5t me 1I0 voung, per pair, 2(iwJ..c it , ,
DKIISHIID Desirable stock was well cleaned
up and tho market ruled firm Quotations fowls.
2 1 In box, ilr-plcked fancy selected .Vic, do,
weighing Kj lbs and over apiece. 2Cc, do do
SVt lbs, nplece. 25c. do do J lbs apiece. 234f
24c. Cowls, In bbls fancy, dry-picked weigh
ing Pa lbs nnd over apleee, 2(!c. smaller sizes.
22J2.1e, old rooster" iln-uarkeil, 21c, roistlnB
rlilckens, western dr-pleked In boxes, welsh
ing KWll) lbs per pair, 27W28':, no, western. In
boxes, weighing 7 lbs per pilr. a.05?ilo. .do. do.
In bbls. weighing 8010 lbs. per pair, 27P28C.
do do. do. weighing 7 lbs per pair. 23tf.'.1c.
broiling chickens, vestern. In boxes, weighing
84(i4 Ins. per pair, 28032c: chickens, weighing
040 lbs per pilr, 234P21C. do. mixed sizes. 20
T22c. broilers. Jersej, fancy, uowur.c, do. other
oearbv. weighing 1'4 2 lbs apleee, .10 U. 13c.
fresh-killed turkevs, per lb Western best
here, 2.1Gr20c, eonimon 20(2 10 squabs per
doen White, weighing 1112 lbs per dozen,
14 2.1 fi I SI. do weighing 116c 111 lbs per iloren.
II Mlffl III llo weighing l) lbs l'r lloen.
13113 III. 'In, weighing 7 lbs per d07en, $2 fioii1
2 73 elo weighing, ilfiiiiij lbs per dozen, II ..'
fo 2 211 dark, II .111(11220, smilt and No 2, fide
'ill 2.1
FRESH FRUITS
Dennnel was fair and the market ruled steady
for desirable, stock Quotations Apples per
bbl Hen Davis, It 21 Hi I Halelwln No. 1
II .11181 3..10. do ungraded. I.I1M. Wlnesap
-No 1, 4.ineri; ,iu. ungraded l2.1U'i3.".o
Apples, norlhweeti rii, per box I'aney, IJ'ieJItl,
choice, 1 fill G 2 Lemons, per box, !tt4.
ciranges, Clorlel.i. per crate Ilrlght, fanej,
fj ROW 4 .10, rqyseit fanev 128.1.10, poor 71o
WI1 .10 drape rruii, I'ldil.l.i, per crate, 2i I In.
Plneanples, Pone. Illco, per erile, j.li3,
Htrawberrles Ninth Cciolinn, per 3t., Sil2c.
VEGETABLES
Choice stock met with fair silo and values
generally were well suilulncel as follows IVhtto
potatoes, old per buli , 12 llilif 3 1.1. Jcrso
per basket, 11 filial 7.1 White potatoes, new,
Morlda, per bbl No 1 tllGCI. No. 2, 1810
H .10 eulls, Sniff 7 Sweet potatoes, Eastern
Shore , per bbl No I, !-' Illfl.1 .No 2, tl..1llil
.1 Sweet potutoes. Delaware nnd Marvianel per
hamper No 1 1 7.12 2.1, No 2. II 2.101.03.
eulls 1 Sweet potatoes, .lerse'v, per basket
No. I, $1 'Jlffiltl. No, 2, .KIR die Unions
lexos. per e rate' No. 1 11 R1GC2, No 2. 11 CO
r't 71 Cabbage Plorldi, per hamper, Mtfl) 50,
elo Charleston per bid rrale iTtis, elo, Cal
ifornia, per crate P.IWIO Spinach, Norfolk,
per bbl. I2vf2 7.1 do Texas per hamper. 11 7.1
12 Kale Norfolk, per bbl , It 7.1 W 2 .in
Cauliflower Callfornll, per erate. II filllfl 7,1
Hhubarb. Cillfornli per box II 2.1101 .10 Let
luce, Florida, fancv, per basket IKuM.10 elo,
dej, poor to good pei bisket 7,1c (??ll, do North
Carolina, per bisk.;! lleiil ,10 Celery, I'lurld.i
per 10 Inch erate I1W2 Ileum. Florida per
basket Hreen, It filltl 1 7,1, Wax, f l.,,llfjj
Cggplant. Florida per box I I'n 4 Peppers
Florldi. per box 13 0.1.10 Squash, Florida. pr
box. 111(1 .111 Peas North Carolina 11ml south
Carolina per 1.11.1 basket fl 25KI7.1 ,lo
del, per h bbl basket. 11 IV0W2 23 Cucumbers'
Florida, per basket, II -Jlffl 7,1 Hects, Flor.
Ida, per loo bunches. t4iil Radishes, Norfolk
per basket' 21f(flll Tomatoes, Florida, per
crate, I2(if 2 .10 Asparagus, per dozen bundles
Colossal, 1.150(1(4, fnncy 121(2,111, choice
llfriiio Mushrooms, per 4-lb basket, 11.105;
OTHER FINANCIAL NEWS ON PAGE 11
aLiinthifiiiniii'iijiii'ji.ituiiiii'itiUiuinitT.iiinc'nLnitiimn uhimiiM u'iN.iiiiTiinirMi!'iiiiiJiiii'ii Hi'i'iitiiiii'MrifUiiiii"
make your accounts re
ceivable discount your bills
raiHilffiin'BBKHifilW
1
33.4ofthenum
berofcustomers on our books to
day have had
their commer
cial ratings in
creased since
they began busi
ness with us.
77.1 oeurcus'
tamers have
first or second
credit ratings.
il
Do you realize that your creditors will
doubtless allow you rrlore to discount your
hills than you would have to pay us for pro
viding the money through the purchase of
sufficient of your open accounts? Also, that
your credit would then be free to re-buy and
re-sell, thereby increasing your profits?
The most successful men set aside prece
dent. They reason things out, and it they
see an advantage they take it. If there were
no distinct advantage in receiving money on
accounts before they are due, concerns would
not offer their customers from 14 to 90
per annum to discount, nor would you sell
cheaper for spot cash than on time.
"Why not pay us a small percentage to carry
your customers' accounts for you, without
disturbing them? You at once release this
"loafing capital" and start it on a debt-paying
journey to your creditors, and to their credit
ors, with profit to all, whereas it is now earning
nothing for anyone.
We seek the patronage of progressive,
wide-awake manufacturers and wholesalers
worth S20.000 and over. Send for our de
tailed folder, or our nearest representative
would appreciate a request to call.
inniiiiM
Commercial Credit Company
Cash Capital 12,250,000. Surplus $300,000
Non-Notification Commercial Bankers
BALTIMORE
Represented at
FHiiituarmi, by Frank Batchelor,
Ml Stock Exchanfe Hldg. 'Phone Locust Sit.
Htw Ton 200 Filth Are.
Cmcioo o 133 otl' Bld-
Bonox (0 Congreu St.
ClcgJ.T SOI Greenwood Bldf.
Ditiorr 744 David-Whitney Bldf.
St. Locil 2 Boatmeni Bank Bldf.
Borrit.0 ,.,,,,, ..698 EUlcott Sq. Bldf.
MONEV-LENDINO RATES
SKW YOIIK Money on call opened nt
2i per cent. IiIrIi 3. low 2, Inst 2?i, closed
2a T23i, rtillnt? rntc 2'j per cent.
Ilntes for tlmo loans an Rood mixed
Stock Kxchiincn collatcrnl were iiiielmnKcd
today nt 4'jr,j-4 per cent for sltty dnjs
nnd 4'4iT6 per cent for three to rdx tnonths,
Indtistrlnl Icmiis. ns usiinl. wcro nuolcd nt
'J nf 1 per cent hlRlicr than these flRiires.
Prime l.nnk ncceptances were 'i nf J Pjr
cent higher today for InellRlhlcs nt 4 ?r4
per cent ami slightly higher for cllglblcs nt
3 7lCi3 MS per cent.
PIIII.AIilil.rillA Call 4 per cent
Tlmo 4 fV n per cent. Commercial paper,
three to six months, 4'3'rgM?i per cent.
LONDON' Money 4 '4 per cent, un
changed Discount rate for short hills
4 11-16 per cent, unchanged, and tlireo
months' hills 4 per cent, unchanged.
Reserve Hanks' Discount Rates
FOREIGN EXCItANRts
Ni:V YORK, May 9. Th- t ,
. limine, murliet In II. e ,.i ... J.0"nW
continued to sliow nn extieinciy Jo4V
movement. Tho only feature vias LnJKleri
linn In Until. M miel s.V.,.,,11 ; " w till.
'"..vtiuiiv inn exek.
1'esctiiM was fnlrlv firm. ccntni
cjiiiniuioiiH vveie
(atl.
'fcfl
UlUH Lll'lin 1 VI U j H
Dciiiniut Htprllmr. 4.7:,i.. 0u.. a.. j
PlxU-dnv hill, tiomliu.Ly , tf'rti IJM
Franc ihIiIcs r,.7I &. checks 5.72U
l.lre cnhles 7 0,1, checks 7,06, n
Swiss cnhlcH r,,ir., checks H.16
Hulile cables 27 7.1, checks "7 i
tlullder cnhles 41 ll.lfi, checks 4nu
Pesetas cables 22,15, checks "1 jt
Stocldiotm I'ablei 21.50, cheeks '"if',.
Chrlstlnnln. cnhles "fl ". ,i. ,.'1:"-
CopenhHReti cables 2S.30, checks ' i
Tho foreRoliiR llgures for rubles ririr.
crntut, :
.. -.
Ihn extreme lnvv level i.i- . . "r'eftl "
.. i.ii, - - 1...1 ..... "lue
,it(c.t nna ecrtciicvi UBCCray,
10 or Over 10 Over 30 Overdo
less, up to so up to 00. up to 90,
ttoston . 3 J'a 4 4
New York ... 3 4 4 4
Phllaelelphla .. J J 4
Cleveland . . 3's 4 4'i 44
Itlehmond ... J 4 I
Atlanta I 4 4'A
Chicago ... 314 C 4 4,
Ht. leouls .... 3 4 4
Minneapolis . 4 4 44
Kansis City... 4'4 'i 4W 4i
San Franclsro 3 3'i 4 4 14
Agrlcul Trade acceptances Com
Over HO, fptnflO. 1 p In no. modiiy.
Poston .. r. 3J 3", 3'4
New York ... n 3 2
Philadelphia . 4'4 3 3'4 .
Cleveland .... r. 3 4 4
Illchmond . . 44 3 , 3 4 3tJ
Atlanta .... 4 3 , 3 , 34
Chicago .1., 34 34 .
St Louis 44 3 84 S
Minneapolis . . fi 34 34 34
Kanas City . ,1, 4; 4 4
Dallas . 44 34 34 3
San Francisco r.4 34 34 34
I'n In Ihlrlv eteics. over IhlrtV to sixtv. 4 1ST
rent sixtv to nlneU, 44 PT cent, over ninety,
3 per cent
BANK CLEARINGS
Phlla. ..
New York
Hoston . .
St. Louis.
Chicago ,,
lialtlmoro
Hank clearings today compared niiw '1
spondlng day last two Jears wllh twre. 1
ini7. intfl '
tio.nin.son t.n 224 nm .,,'!
r.oi,n43.7r. 47j i-un" Sftl9!'!
no.73.o7r. 34.7n.iiS4K!'lia
22.231.01(1 in.pcindrn i??i '
. 011,121,044 04.97S.MT i52J24ll
, fl.0W.123 (l.R3n,430 rMSisJ
- "V0)r ;
No Change In Sugar Prlc.,.
NRW YOIIK, May 9,-Klnn gramil,
sugar Is unchanged, with the Arnf
Sugar Company auotlng nt 7.60c. nof
refiners continued vlrtunllv nut nf ()",nef
ket. Last fialo In spot Cuban raws .."
6.14 Uc, a R.iln of 6 14 points.
raws (
t
Northwestern Trust Pays Mnr.
The Northwestern Truet Comnanv k.
declared a clMdend of 8 per cent tuJS1
May IB. This Is nn Increase of l'ner".
nver Ihft Inst dividend neilrl 1.. .'.""
10lfi KO OftO teaa ,l,l.l ,. "'Wltr,
1916. $50,000 wns added to the
maKing mat runci ibuu.ono
surplna,
"LIBERTY LOAN"
$2,000,000,000
3
United States Government Bonds
You can serve your country by subscribing and thereby help
sustain the nation.
To this end we shall take great pleasure in entering any sub
scription you may wish to make, and will be very glad indeed to
have an opportunity to render this service to you and to our Gov
ernment, without any commission, compensation or profit of any
kind to ourselves.
NAULTY & COMPANY
Investment Bankers
Finance Building Philadelphia
srnucn i7i
SUPPLEE
MILK COMPANY
(A Pennsylvania Corporation)
Secured by over $1,000,000 of net tangible assets.
Earning the interest charge over 6j times.
Circular on Request
NAULTY & COMPANY
Investment Bankers
Finance Building Philadelphia
srnucE i87i
Brown Brothers & Co.
Fourth and Ghestnut Streets
PHILADELPHIA
BONDS FOR CONSERVATIVE INVESTMENT
The Pennsylvania Railroad Company
Consolidated Mortgage (Sterling) 3V2 Bonds
Dated July 1, 1895 Due July 1, 1SJ5
Free of Pennsylvania State and Normal Federal Income Tax
Price 90 and interest, yielding about 4.10
Descriptive Circular Upon Request
Liberty Loan
To the men and
women of moderate
means who wish to
support the Govern
ment by subscribing
to the new
Liberty Loan
This Bank will re
lieve you of all de
.tails. Simply sign the at
tached coupon and
mail tothe
Corn Exchange
National Bank
Philadelphia
Chestnut at Second Street
Corn Exchange National Bank
Philadelphia
Enter rriy subscription for $ of new United J
States Liberty Loan (3J$ tax free).
Name
. 1 :'
1T
ATteUtM . ,..,,..,u9 neatey aw.
iJ,i..",r,r
ult-''rr'r''M''MfMA
&Mffiitzs,rxJr!i2Jte
H-&!t,!i ..J, J.lil '"e.'V-,
Z'rfo