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UNITED STATES
'x GOVERNMENT
LIBERTY tOUN
i
... TPPASURY DEPARTMENT
KASDenNITEUYANNOUNCED:-
.lATlinlTY 30 YEARS OP
T16NXCTAUFTln 15 YEARS.
ft DECEMBER 15.
DE ISSUED
SEHMAIN
.nMVPRTIBLE INTO BONDS
! J. C.?JiV5VnMcn : RATE OF IN.
'UTAH nu r "'--. . Ca
.&
"qOVBBNMtni.
. BAVMENTS MAY BE MADE
INSTALLMENTS TO AUGUST
SO.
' . OBTAINABLE IN DENOMI.
NATIONS OF $50 AND UPWARD.
,,,-nV WAGE EARNER SHOULD
SYJrninE THROUGH HIS EM.
SVS$ER-ivCRY INVESTOR
?LHROnUGH HIS BANK OR
BANKER.
REILLY, BROCK & CO.
nANKKRS
J06 CHESTNUT ST.
riiiL.i:i.riiiA
:1
;D 1 -
EVENING . LEDGERPHILAi)iflHWk FBJtJLXAtY, MAX 11, , tyif '' ' vM$&; ViTB
Free of
Pennsylvania State Tax
"Wc own and offer
Pennsylvania R.R.
Com. 5 Bonds
Due September 1, 1919
Pennsylvania R.R.
Gen. Freight Equipment
4Ja Bond
Due April 1, 1919-23
Lehigh Valley R.R.
Gen. 4 Bonds
Due May 1, 2003
Prices on application
TheNationalCity
Company
1421 Chestnut St., Philadelphia
New York Chicago San Franciico
Bmton Pittsburgh
Municipal Bonis
We own and offer a compre
hensive list of carefully selected
municipal bonds exempt by law
from the Federal Income Tat
which we recommend for in
estment. We shall be pleased
to send descriptive circulars to
investors on request.
Harris, Forbes & Go
Widener Building
PHILADELPHIA
1. A. STONE & COMPANY
CORPORATION FINANCING
WIDENER BUILDING
f PHILADELPHIA
E. E. Ddp Grain Co.
GRAIN
Eisort and Uoniestle FUTURES
. ."rrespondeuts
BABTLETT. ITIA7.IKK CO.
CHICAGO
453 Bourse, Philadelphia
Private wires all Grain Markets
Members Chicago Board Trade
D. Lupton's Sons Co.
7
Ctsnulative Preferred Stock
Dividend. jild Quarterly,
rrtei! P.;rf?..? Tx '" l".nn.
"Wsj Par (1100 ptr ahare) and accrued
dividend.
Write for Circular
Morris Brothers Co.
Establishes 1S93
1421 Chestnut Street
INTERSTATE OIL & GAS CO.
.'HnlSin.onB,rlod,rcT,;x.,.r,1, ,n hwu
wwnda and further davelopment.
'HMVILAND ARMSTRONG CO.
"fit Street.
. FINANCIAL NEWS
MANY OF THE ACTIVE ISSUES SELL OFF
AFTER MAKING ADVANCES IN FORENOON
Early Gains a Reflection of Favorable Showing of Steel
Unfilled Orders Specialties Become Prom
inent in Afternoon
High Points in Today's Financial News
matntaltyA?"!!!!!" KttR?!r"!,H,l! '"onlng.hHt advances were n,
...-. ::.: ," "'':'"""" """". '"? runt active on uurb. out toi
I' Ti i ."'Port of Federal investigation caused heavy selling
York hnnT. T ;,;.. ",ler "cw ",sn rcet,ti- uolton steady. .Vi
;" ...'". ." "".o.so, on vwncy movement tit week. S18.i00.000 ti
ruiu urrirrn in .vm a.. -,.,... ....-7.
yUffuifd, ttur silver Hiirmi
Improvement stock sold ex rights
it
if
or
tw
tore
nnprf. f.i7rf f7na
Anthracite coal shipments larger in April.
NKW YORK. May II.
1-or a time during the forenoon the stock market again displayed a strong
tone. with many issues moving tip from 1 to .1 points, but the gains were not
generally held. Mnnv of the active Issues cold ofT after mlddav and ranged
below yesterday's nnal price.
The advances In the forenoon generally reflected the better feeling which
h.irl been created in Industrial Issues by the favorable showing made in the
.Steel report of unfilled orders, published yesterday.
Thcro was a disposition to look on the Washington situation with less
satisfaction. Reports were current In some Important quarters In Wall street
of conditions being less favorable than had been assumed after the publication
of the bond circular yesteida.
These reports and the belief on whkh some of them wetc based hart an
influence in restricting bullish operations nfter the end of the first hour, and
from then on declines weic generally In order. Specialties which had long
been out of the speculative field became prominent, with attention being attracted
to the continued supply of American Telephone, which dropped 4 points to H6Vi.
t'nlted States Steel common In the early trading moved up S to 116.
from which it te.ieted to U5Vj. Crucible Steel followed, advancing to 64',, and
then falling about 2 points, and similar advances and recessions weie made In
nearly all the Industrials, as well as In the copper- group,
Hallway Issues were In fairly good demand In the first half of tho day.
when Missouri Pacific was active and strong, cdvunrlng 14 to 26. Industrial
Alcohol was especially Influenced by the m ,-rstandlng-In elides affiliated
with the management that a stock dividend Is close at hand, and buying based
on this belief wnB effective In carrying Its price up more than Z points to 1224.
There weie no Important changes In trading conditions In the bond market.
Some of the railway Issues sustained further fractional losses, but the trading
in these bonds was without Importance. There was continued heavy trading In
foreign Issues, with Angln-l-'rcnch ris selling ut 927 to 9.1.
TRADING IS FAIRLY ACTIVE ON CURB;
RUSSIAN BONDS SELL AT DECLINES
Ni:V YORK, -May 11.
Business on the Curb was fairly nctlve at tlmc3 today, but thero was an
Irregular tone, with evidence of an adjustment of the speculative situation through
public interest being diverted to new Issues instead of that group which had
obtained favor when trading on the war-order stocks were ponular. Thero
was pronounced weakness In the Itusslan bonds, the 64s selling at 89t to
88 and the 54s dropping from S24 to SO,
Kmerson Phonograph was weak also, with sales at " to 84. nd a number
of the Independent oil stocks were In supply at moderate concessions. Curtis.
Aeroplane became prominent, moving up from 23 to 26, and Wright-Martin
Aircraft sold nt fi. Submarine Boat .ranged from 22 to 22")i, nnd Standard
Motors advanced from 114 to 12.
Thero was continued accumulation of Triangle Film, and attention was
attracted to tho stock by efforts to buy ninety-day options nt prices sub
stantially above the prevailing quotations'. National Conduit was tradod In nt
32 to 324. Sinclair Gulf dropped from 2D4 to 29, Merrltt Oil sold at 224 to
214, Midwest Roflnlng ut 130 to 128 and Sapulpa nt !U to 9.
Standard Oil of New Jersey sold ut 815 to 614, nnd Standard Oil of Now York
at 288 and 287. ,
Magma Copper dropped from 44 to 434. Big l.edge sold at 24 to 3,
Green Monster at 14 to 1 and Jerome at 13i to 1".
lMlUSTIUAI.H
111,1.
1't
35 Vi
ti
x
Vs. rlo.
Asked. (Sale)
American Reduction .
American Stores ....
American Sumatra . .
Aetna Explosives . . .
American British Mfg
Amorican Marconi si
American Writing Paper :i
Canadian Car Co ta
Can Car & Kdy .i
Charcoal Iron "
Chevrolet Motors on
Cramp is
Curtlss Actoplane :JS
Carwen Tool I04
Carbon Steel SS
Hverett Heaney S'Jli
Kmerson Phonograph . .
Federal Cya 4
Haskell & Barker Car . . s!
Hendeo Manufacturing . 3n
ICathodlon Bronze pief 14
Lake Torpedo Boat . n'i
Lehigh Coal Sales aa
Lima Locomotive ... 3
Maxim Munitions Il
Marlin Arms
National Conduit
New York Shipbuilding . 3S
North Amer Paper Pulp. H,
Otis Elevator
Peerless Motors II
Poole Engine is
Pierce An ov S
Redden Truck 184
Santa Cecilia 0
Santa Cecilia pref RR
Scrlpps Booth W
S S Kresge w I 10
Standard Motors II
Steel Alloys Hi
Submarine Wi
St Joseph Lead 11 li
Todd Shipbuilding . . . . Hn
Triangle Kllm Hi
Pnlted Profit Sharing . . U
United States Steamship . 4?4
United Motors !!
United Sugar 3"H.
World's Kllm
Wrlght-Martlu Air 44
ICInc Concent ?h
t s vs
an
S4
u
314
30
111
14
inn
8X
24
Hi
SB
S4
311 1
St
(Ml
.-..
HC1
3 8 4
III
4',i
'!
II
en
4!
ID'.-
sn
40
tl
I','
Hi
'til 4
tx
S.I
I'll
14
'!
A 4
tli
.IB
114
rJ4
(I
1
114
tii
1194
si
t'i
?8)i
INUKI'KMIKXT Oil,
Inter Petrol .
Houston Oil
Meirltt Oil
Midwest Refining .
Met Petrol
Ohio Kuel
Oklahoma Refining
Osage Hominy . . .
Rice
Sapulpa Refining .
Sequoyah . .
Sinclair
STOCKS Continued
Bid Asked (Hair)
. . IU l tV
104 204
S0i ttM,
m i;i
i x 4
to
iii
t
S'l'A.MIAKI) mi,
Illinois no
Ohio 3P8 341
Pialrle Pipe Slti ','8n
Stand Oil of California ..183 'JK
Stand Oil of New Jetsey.niu two nil
Stand Oil of New York ..'SI too tss
lNDKl'KNDNNT Oil. .STOCKS
Harnett Oil Clas 3 4 !
Cpsden Oil
Cosden & Co
Elk Basin
Federal Oil
lift U4
111. liU
4 l
!i 5
li
I 'J
10 4
5 4
50 4
. 04
. 13
4
.. 114
. 4 . 4
. );,' 84
. ? ' ft
. aa, 8T(, li 4
. 14 14 I ft
tS 19
MIVINO STOCKS
Alaska Standaid 41 45 Hi
Atlanta lo 1
Big Ledge 14 3 14
Blsbee Copper (a pios) 14 4 Vi
Hutto Copper A Zinc ... lo loH 104
Butte New Yolk . .. . 14 ;
1 'ashboy 1
Con Ariz . . . l' 1 I it
Emma Consolidated ... Ti. 1 I
First National 1 14
Uoldfield Merger 1 5
OoldMeld Cons 5n 51 nt
tloldfleld Kloitnce So 15
Ooldfleld Kewatus 13 15 14
Green Monster I 14 .
Hecla Mining 1 14 HI
JIowo Sound 54
Independence Lead 10 11
Jerome Verde 14 4 Ml
Jim Butler 88 11
Jumbo Extension 41 '43 40
Magnate Copper 80 83 83
MuKlnley-Darragh .10 53
Magma Copper 414 41
Mother Lodn is
Mines Co of America... I4
Nevada Hills 15
Nevada Wonder I '.
Nlpltsshig . 14
Ray He.vules 34
San Toy II
Tonopah Extension .... 1ft
United Verde X4
West End Con !t
White oaks 34
White Caps 14
Yerlngton 31
HONItS
American Smellers lis .. un ! uii'-i
Atlanta Charlotte 6s ... 81 IK
Bethlehem Cs t1T s Al
Cosden Oil Cs 04 101
Cosden Co Cs OH 101 (184
Cudahy 5s 084 SOU
Erie Bb 1 Ull, . .
New Haven 3s 1 ok B14
Russian 1 jovernmeni 5 4s to 81 81
Russian Government ti'js 81 88 811
Southern Railway lis.... 01 111
Todd Shipbuilding Cs ...101 Jo
N Y State 4s 1054 1054 . .
V
Hi
34
13
HI
31
in
i'.
33
34
Hi
11.31
31
LOCAL MINING STOCKS
TONOPAH STOCKS
MarNamara
Midway.. , '
Mlipah Kstenslon
Montana
Northern mar
llescut Kula
OOI.DflKI.D STOCKS
Atlanta
iiium null
Hnoth .i- ;::. u
rilamondneld 11 H
Daisy
oro . . ,
Hand Kn ;;;"
Silver I'lck
MISCEM.ANKOl'S
Arizona l'nt
Nevada Hill
Tecopa win
I1M.
,07
.13
.11
.10
,1L'
.-'
.Ill
,IIH
.02
,0J
ll'J
,n.t
.it
.i'O
Askfd.
.01
.15
.18
.JS
.14
.30
.11
.114
.10
.1)3
.114
.03
.114
.13
.40
.24
.21
LEGAL APVEBTIgEMEMS
..u :W U1IV Xllll I.IV IUIII.I.KM
ttSF iwa4 Lattara. of adra.tnlatratio.n cum
" .nia annaso on ina aoove.eaiai.
liSlfmnttil t " lb. underalf ned. all
W!mS 10 aald eatau ara raque
htiiX ym.nt, and. Ibo.. havln, cla
"reasnt'tb. aaros,
bavins
Daraona
raqueaud 10
claims tft
witnouc oeiar, 10
WILLIAil J. MtJLLLN.
IT Daly at.
ios Lincoln nid.
405 Llneo!
. am. ifi vnrl n ntTn
tSF" dartaMd-Littars o'f administration on
;Tr.b?Jaeatita havln baan sranttd to th.
Jtt.Minad H Praon lndabtad to tba aald
XftVi. 1 ra T rauatad to maka paymant. and
"oai hf-n "fatms to present tba Sam., witn-
TVD',C!itOWfALTI.,T.TLK 1KB. AND
lrS8BmZl&'&m&ur
WW m -". -T-
New York Stock Sales
AJnx Rubber
Alaska (lotd M
Alaska Juneau
Altls-Clialmers
do pref
lllsh.
.. B4
. . "li.
ft
Co 13 4
. 8t
MORE GOLD ARRIVES
An Additional $18,400,000 Comes to
New York
NEW VORIC. May tl Gold to the
amount of JI8.4U0.0OO was ieceled fiom
Ottowa today to the ciedlt of J. P. Morgan
& Co.
Yesterday S13,60n.u90 arrived, and today's
total brings the lmnoits of this ueek up to
148,000,000.
The SubtreaHiiry today transferred lo San
Francisco $2,400,000 In connection with fur
ther expoits of gold to Japan and an
amount of 11,000,000 was withdrawn, desti
nation withheld.
Am Agr Cliem. . . 014
Am Beet Sugar . 014
do pref 934
Am Can t4
do pref 104 4
Am Cur & Fdry Co I4
Am Cotton Oil loti,
Am Hide A: Lthl . 111.
do pref (HI4
Am Ice Sec . in
Am Linseed in'4
do ptef . . . . 51
Am Loco . . no 4
Am Malt pref . . J8i
Am Smelting . . 08
do pref 1 1 li'
Am Sugnr . .ill
Am Tel & Tel . 1104
Am Wool ... . 48t
do pfd . 01
Am Writ Pap pfd 40
Am Zinc A Lend . 30 4
Anarnndn 184
Atchison . ... mo
All Coast Line loo
Atl Gulf A W I . 0Di
Datdw Ixico Co . .MS
Bait & Ohio . in
Batopllas Mining I's
Beth Steel B IJI
Brook Rap Ti . 89
Burns Bros 03
Cnl Petroleum 18
do pref . ins
Canada Purine I mi
Central Leather . 81 4
Cerro de Pasco .114
('handler Motors on
Chesa Ohio ftil
Chi (It Western it
do pref. So 4
Chi M A St P . .114
do pref. . . ill
Chi & Northwest llo
Chill Copper. . .114
Chlno Con Copper 334
Col Kuel A Iron II 4
"o Gns & Elec' . 304
Col A South. . . 13
Con Gas K L ft P 113
Consul Gas tnr.i,,
Corn Pindurts II 4
dfi pref 011
Crucible Steel 01 4
do prfe KM
Ctlbn Cane Sugar 44
do pref oi
Pel A Hudson 1134
Don A It G pref. 11
Dome Mines . II
Distillers Seem- 11-4
Erin ... . SS4
do 1st pref 3114
do 2d ptef 18 4
Gen Electrical Co 133 4
General Motuts 1004
do pref . 88"-,
Goodrich B F .in
Great North pref .1034
Gt North Otc subs 3IS
Greene Can Cop . II
Gulf Stnte Steel Ho
Illinois Central lOO'i,
Inspiration Cop . 334
Interbgh-Cons Cor 104
.110
I.ow.
604
II Wi
4 4
13 4
81
914
014
03 4
414
101
0:14
40",
IS 4
30
.'.
Jo 4
sols
(15",
384"
0JS
1104
III
11(14
41",
n"n
in
30
114
904
109
118
314
no
14
110
38 V,
03 4
114
IH4
130
83
314
nn
.in
IO'm
304
IS1!
Ill
loss
414
53
1(14
38 4
i.l
113
10314
134
00
(ij.i;
tot
43 4
89
1114
11
114
134
1314
3 A
18
1514
I li.-.
884
III
I" Hi
304
II
111)
1004
r.5
o's
110
ins
114
.",(i
01
IIITj,
40
104
1 1 4
H1:h
9 n
59
IK
1 10S
50
81
384
13 4
.-.514
34
.".4
IS
14S
554
014
.VI
13
133
81
384
Net
rhse.
14
4
4
14
4 14
4
1
I
'- 4 li
. is.
4
14
4
- S
-S
S
Close
9 4
4
3
434
014
4
OS 4
1 1 4
nil
(114
404
114
304
134
10 4
38 4
3S
38 4
91S
1104
lit
111
41
01
to
nn
mi
904
io
OK
53 4
"9 4
I'd
140 4
384
034
114
Ifi'i,
139
83
34 4
on
30
104
so 4
714
III
109
114
33 S
404
3K4
13
113
IOS
II S
III)
113 ' 4
lot
ISS S
III
111
3
t-14
I
- 4
S
14
-IS
4
- 4
14
4
-i. I
4
S
' 14
I
14
4
.!
i'.V
I
I
n
134
13 4
3(1
18 4
133
1113
884
49
111.1
30 4 S
1 4
-14
4
nt Hurv of N
fill Mer Marine . IIS
do pref . . . 10S
Inter Paper 31
do ptef . . . . 93
Int Nickel . . 414
Jewell Tea . IrtS
Knu City South 104
Kennccott Cop. 13
l.acka Steel . . 81
Laclede Gns 90 4
Lohlgh Viilley no
Lee Rub A Tire. IK
Louis A Nash . til
Max Motor . 514
Mex Petrol kkh
Miami Con Copper 30 4
Minn A St L new. is 4
Mldvale Steel . ,-.4
Mo Kau & Tex pf 34
Missouri Pacific. . 3 4
do ctfs 3S
do w I . . . 1(1
do pref w I . . 354
Nat Enam A St pf. 91 4
National Lead. . . 31
Nevada Con Cop 13 4
N V Air Brake 133
New York Cent . 88
N Y N II A tl 30
N Y Ont & West 11
Sort & Wet II114
do pref . H3
North Pac . . nil 4
Ohio Gns . 1194
Ontario Silver .. s;
Owens But ... no
Pacific Mall . . . . II
Pemi R R . . 31
Peo Gas A C 1K4
Pere Mnrquette 184
do pr... 334
Pitts A West 14
do pr .ill
Pitts Coal ctfs . 4 3'4
Pressed Steel Car. 13 ;.
Pullman Pal Car 14514 1414
P.y Steel Spring .414 414
do pref . . . 01
Ray Con Cop . . 19 4
Reading . . 81 s
Rep lion & Steel Ks
Roval Dutch 39S
St L A Southwest 184
Sinclair Oil . 31
Seaboard Air Line 13
Sears Roebuck ..1694
Shattuck Ailss .. 15S
So Pacific . . . 904
Southern R It. . . 214
do pief 51
Studebaker .... 88S
Superior Steel Cor 314
Tenn Cop A Chem. IS 4
Texas Compdny .111(1
Third Ae It R. . 10 4
Tobacco Pioducts. 314
Twin CLy II T. 83 4
Un Bag A Pap new 8(1
I'n Bag & Paper. It
Union Pacific . 1:1:14
United Alloy St I 114
United I'lg Stoics. 01
United Drug . . II V.
United Fruit 1314
U S Cast Ir P A U 194
U S Ind Alcohol . II! 4
U S Rubber. . . 53S
U i Steel 1184
do pfd 1114
Utah fopper 114
Utah Sec Coip. .. 1 8 4
Va IrotiC AC... fl.114
Vu'can Detlnnlng. 9 4
Wabash I4
do pfd A ... . 104
do pfd B . ... 134
West Maryland . . 18
West Union Tel . . 03
Westlnghouse Mfg 414
West Pno R II 13 4
Wheel ALE II
do pref 314
Willys Overland . 184
Wilson Co 714
II
110
1004
354
04
111)
404
18 4
31
91
114
40S
194
14 4
83
on 4
50
18
11 (IS
511
814
3K4
134
4
k
414
14
'
S
4
4
55S IS
5S S
54 1
4 I
- I
14
1104
83
100 4
s
894
" 1
314
104
1 8 4
53 IS 4
(II
43
91
Mil
83S
191,
39 4
184
514
13
107
13S
90S
II
334
87
.114
iss
1113
1114
51
85
10 4
II
1314
1 1 li
111
714
131
194
119
31 4
1134
1114
1114
184
05 ! 4
9 4
HI,
104
IS 4
18
004
44
134
134
33
18 4
34
13 '4
334
0114
31
13 4
1X3
81 S
38 4
ft
111)1',
83
l(H4
1114
SS
00
41
314
1(1 4
184
55
434
III
13
4 I
t 4
4
-r4 4
- 4
3 4
11114
114
07
19
864
704
39 4
484
31
IS
KG 4
45S
004
41
534
81
SI 4 4
134 ...
SOS I', 14
KiS 4
31 1 4
8.1
8(1
tl
IS14
414 4
91
114 4
4
14
-Hi
131
111 4
1KIS ' I
3114 I
U5S
1114 -t
ins 1
184
A514
4
III',
HI 4
13 4
18
904
414
134
14
3114
48 4
1 1 4
14
1 14
- 4
4
Liverpool Cotton
LIVERPOOL. May 1 L There was a fair
business In spot cotton today and prices
were 14 points higher on the baslsof ll'.OSd
for mldupland, The sales aggregated 8000
bales, Including 6000 bales American. The
imports were 13,000 hales, all American.
The market for futures closed quiet at an
advance of 79 points.
Sugar Futures Not Supported
NKW YORK, May It. The market for
sugar futures opened unchanged to a de
cline of 3 points, with sales on the call 750
tons. Reports of an easier tone In the spot
market, with freer offerings there, caused
some selling by Wall street, with the mar.
ket receiving little or no support from any
Sales in, Philadelphia
. lllah. !.. Cln.
ISS Cam Iron, 44 44 44
to Cam Steel 1134 1134 U4
43 Elec Stor. BBS 304 80S
100 Keyst T Co IS tl 11
4lo I, sun Corp 18 114 114
10 Leh Nnv 174 114 111,
So Leh Vol so o 80
100 Nev Cons . s.14 tS4 434
ISOfl Penn Trsf. 1 s 4
604 Peiinn II It St 4 SI 4 31
IS Pa Salt Mf 934 934 034
30 Phlla Co 334 3.14 .134
3 do cum pf 384 384 384
031 Phlla E'ec SOS SO 30
30 PRT Ir cfs 19 st) 19
91 Phlla Trnc 194 19 74
S3 Ton Bel .44 4 I
300 Ton Min . (1 4 oft H4
lis Un Gas Im 18', 174 114
49 do cssh. 81 8I4 814
1811 do wnr. 114 si 11
Nat
rhse
4
4
ft
f ft
34
4
4
3310 U S Steel. IISS 1IS4 1154 4
IS Westmor C 13
loo Wm Cramp 83
15
83
13
81
-1
4
Tiitnl mien, 4tl3.:UHI kharr., omimrrd nllh
MS. SOU lMre n.tfrdai tliui far llil '-k,
l.'OI.ICO nhureai anie period UM rrk, 3,811,.
100 MbrirfN.
Cotton Buyers and Sellers
NEW YORK, May 1L May Hentx
bought; Rounlree sold
,luy Sellar, llyman, Cardoza. Rountree
and Newman bought; Hopkins, Cone, Ros
enberg, Hentz. McOee. Glover and Royce
sold.
October Hyinan. Schley. Mitchell,
Beardslev and Bartlett bought; W. flu.
moens, Clifford, Brotiks, Wlggln. Wilson,
Rountree and Rosenbetg sold.
December Lehman, Montgomery and
Mitchell bought; Rosenberg and Newman
aold.
January Montgomery and Allen bought;
Ilenti-. JudHOn, Hnrdorn, Fllnn. Geer and
Cone sold.
March Judson. Parrott and Mitchell
Bought ; Hentx and Newman sold.
l.T.0.,,, ,. 10.000 klmre. inmuaml ulth
I'M!! """ jealerdasi ihua far thl eU.
(in., 41 huri-.i Mime period lnl eek. 31.801
stinrr.
IIOMIS
tllah
833011 Am tins r.s 9.IS
mill) B.ild Loco
1st lis . 1044
SHOO Cit, 4s reg
I 101
11)00 do 1910 Inl
lonoii Interstate
l.wys is 5 1
snno Key Tel 1st
6s 0:4
loon I .eh Vnl cons
I 4s 200.1 9H4
Kino I'enna Co
temp ctfs
I'js ... an
I111111 Reading gn
Is . . 91S
11100 In Rwj
luv lis (18
lotiil .ulfv 8ni.:UHi, romearril ulih XTLStm
e.tenliiii 1I111. far IhU urek. Mni.TiKii .nmr
uerliiil Inal neek. MAS.IflO.
Local Bid and Asked
.Set
t.rtrt I'luAf ria
93 13S
I0S4 101 4. 14
ml tni
nn 101 .4
SI 31
07 4 914 4
on 4 964 4
96 96 4
til 91 a,
CX CX I
lui.lwln . . ,.,31,
III III. J (1 L'S
Huff Sum 1 r . .i
In pref 57
Bl'Ctrlc Hlnrns.. . 5'l
11i-nrr.il Aahphalt SI
..'In pr.'f II
le atone Tlepllon I 1 ,
l.-ik.. Sllpetlor f'nrp t",
Letileli N'avlptltlon "7
Lelilith Vnll. . . . 59
i.enimi valler Tr . .
.lo prer .
IVnrylviintrt
I'hIU Klortrle
Phlla Companv
do 5 ppr cm prf
do (i per rem prpf
I'lilla rt.ip Trnn t i
ItPdlllllT ...
Tonopnh llclinonr
Tonopah Mlnlns
I'flton Traction
in )a impvl . 7,
l" H Stol.. list,
York nsllnaj . 1 l't
do pnf S7
Wm ( ramp I . l
lis. rlKhlr
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New York Bond Sales
JSOllO Amer Asr 5a
1133(10 Atlllo-Frt'm h ;.
Iliioii Amer Ko- Hoe 3
1'inil Amer Tot coin- In
44IKID .to Sa
moo Amer Thread la
liioii Amur Writ I'api-r 5
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70011 Armour C.i l's
40(h) Atrbtaon 4a
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4000 Unit A- Ohio ..
47000 ilo 4a . ,. .
46000 ,Ui cv I'ja ...
100(1 Ilrc.uk It T ;.4 191!)
noon Con limt 5a 1941
71100 iiu r.j 1 n :mi
7001) ilo im 1931
.'lllllll Cnl fins fc Kli'i- .-,
1.-.00II CbikhIii rfmilli r.a
ISoon (Vnl l.e.ilh h ;,.
44000 I'lim & Ohio iv I'ja
lllllll .lu Pit
33IIOII do ronv 5a
4O0II ('111 C.aa I.' A I'oltf.
lllllll I' II A 1; res 44.
..nun .In lit :i'vp
lllllll C M . SI ! i-M 4i
1700H ilu mill Ah
IIKIil ilo o 4Hs
MKIII ilo rv la ..1. .
40111I I' It I i I' 1 ala 5a
40IIO Cut Indualilal ."
Ih.Min rii nf I'arla c
..SHOO rou (la a innv 11
lllsh tlw I'loaa.
oil's no's I'O's
n:r
IIS',
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l'Vs
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Ids
aikiii Corn Prod Itcf 1931 .i IW'
iilii'i lirl & It li 1. i I '
lliiiion Krmli Hip ."Mm nn,',
lOlii) Klor it K Co.ial I'ja US
loon Oan lil'l- 5a tun
noon 111 Sl.Pl !', ss3
sunn liiillana SickI 3 llll
31.1111 III Cent Chi ( SI. 3. HIS
I (inn 111 iVnirol 4a In,'! h:i
mono iniirn .Met i'n
lllllll JuliHIiean 4'
soon do n- 11 H 4'i
4IIOH ilo new K S l',a
4001I K 1' Kl S M l
4000 Kcui riu o :.
soon K.lllui ) 1 "nil l
I110O11 Kliiaa Co KI.AP 'i'7 11
I01111 l.aried.. Huh lal A.
IIIOO l.ex A K .',
loon Mont I'ent K It r.i
SiMiil ruy ut Marseille lis
liiiio Minn & si I. I.
11 CHI MliJ.nl,. steel .',
lllllll Mo IM' 3d nla 1917
74000 ilo I 4.
101111 Monun.i l',)wr Ul
timo N I, S 31,
'.".'noil N V r II 3', s
I. -,000 1I1. 6s
.14000 N V CIO Is 1957
411011 ilo 4s I lifts
1:10(10 do l't lllllll
:looo On I'lP 19U5
IIIOO N Y (His 11 it 1' 4s
4000 N V N II II lis .
lllllll N Y Ont Sr W lsl 4"
1000 N Y ltwy Is
7400(1 iln 5.
101)11 N' Y Tel uen I'ss
IIIOO Nor P.ie Term .Is
SloOii Nor I'm- I.
41100 do :ii
liKinii ore Short I. if is
I (Mill do tsi lis
lllllll Paeirle Til 5s
4IHKI I'ai'ltl.- One 5a
S5IHIO I'oiina aen U l',s
ll'.ooil ilu n l'-s
I I l-ennle'a llns 5s II.-.',
5(1011 I'ulille Sep N .1 5s . s;l
11101)11 I'ere Mnniuetii, Is 71
HUlllI do 5h lis
."I Itenillim ueii la HI".
loon Itepuh I'ul.i 5s nn i n:i
liioii lilo Or IV Isi 4s 7l's
4000 !( Sll Spfs 5s 1931 . ns'5
I1II0II St I Ml H Is T74
4II00II nt I. 4 S r Sr A Is US
i'l'l") S.lll A A I" In la . IIS
men south Poll r.s 117
,'noii Boiini I'.n 1 is k4
l.-.iiiiii iiu . v .'is 7'
lilllli) KnuUi l!.' Is 117
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IMion ,1,1 5'as 1H4I Ii3s
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noun weal Klectrle '. . lnn'C
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US
ANTHRAOITEJ CdALStilPMlE
BY 1,063,515 TONS IN MONTH 0P' AP-RhISS
Ontario and Western Only Road to Show Decrease- U. G.
I. Ex Rights-Warrants Reach a New:
Low Mark
Shipments of anthracite coal In April
showed nn expansion of I.OCo.olR tons over
the shipments of the corresponding month
of the previous year, nccordlng to figures
glien nut today The total shipments for
the month were B. 592. 299 Ions, as compared
with 4.G28.7S4 in 1 HI. l-'or the four months
of the year the total wns 23,700. ft 3 1. gain
of 1.403.710. The Ontario nnd Western was
the onlji road to report a decrease In Hie
month of April, while Pennsylvania nnd the
Ontario nnd Western were the only roads
to report declines In the four months.
Tinding in slocks on the Philadelphia
Exchnuge did not show nny material Im
movement tmlny over preceding days of the
eek The course of prices was Irregular
nnd in most cases meaningless. In the
majority of cases Hie changes were small,
nnd the onlv Issues In which thero was any
renl pressure were United Gas Improvement
stock nnd tho companv's warrnnts. the lat
ter being the most active of Hie local group
The slock whs quoted ev tights today, and
It will also be quoted ex rights tomorrow.
WHEAT SOARS TO NEW
HIGH RECORD PRICES
Fours of Government Investiga
tion Cause Drop After May
Touches $3.25 a Bushel
WF.Tlli:it ('IIM)ITIONS
K YOIIK. Iliir II, dvlre rebelled
at the Weather Unreaii this morning Indi
cated Hie follow Int wrnther renditions!
Temprrutures.
lllsh. I.oe.
I'miuillan Sortlin est rlenr SK 30
NnrlhMest rler 31 .in
Middle Ylrsl pepn. 51 II
Snuthiiesl pepn. 11 II
1'pner Mississippi Valley ilenr no 4
lxier Mississippi Valley pepn. 18 SI
Ohio Valley . rlenr 38 41
The fnlinwlnx iireilpltallnn (In Indies)
aa reporteil .III nt sprlnalleld. III. 1 . 01 al
I'tnusililr, .(Ml at M. lauils nnd Kansns
llll nnd .14 ut Clnilnnatl.
CHICAGO. Slav II Reports that a Fed
oral Investigation was under way nnd that
commission houses bad been requested to
present their books caused heavy selling
of whent and 11 violent break in the mar
ket lute In the session today after new high
records had been established.
After selling nt J3.2i. rompared with the
former high point. $3 IS. al the end yester
day, May dropped to $3.17 end closed lit
$.1 IS The high on July wns J2.DG, against
the previous high point of 12.19-ii. on May
9, and the low, J2.i7'1. losing at $2.r.0'4
to $2.lfi. against $2 47. the final quota
tion of yesterday. The .best on September
was $2,204. compared with $2,094. the
previous high mnrk. nn May .). and the low
$2.08. finishing at 12.18 to $2 17. compared
with $2.09. yesterday's last price.
Cron iidvieee. as a whole, showed Im
provement Foreign interests continued to
plik up what they could, regardless of the
price. The transportation situation ap
peared to be better
Shipments of wheat and flour from the
United' Stntes for the week were (1,509.135
bushels, against 10.509.135 bushels a year
ago; for the season they amount to 297.
3(H.25C bushels, rompared with 383.G09.I'G3
bushels III the pi cv Ions season.
Exports from Argentina for the? week
were 979.000 bushels, ngalnst 2.096.000
bushels last year: the, visible supply there
Is 8,510.000 bushels, computed with 15.
45fi,00U bushels a year ngo.
Corn weakened also after It hnd been
stinnger May and July ended lower and
September a little higher.
Oats dropped from the tup. too, n'.though
above jesterday's close. The buying was of
a good I'lai"
Shipments of corn from the United Slates
for the week weie 1.403,080 bushels, ngalnst
817,110 bushels Inst year, for the season
thev amounted to 18.042.791 bushels, con
trasted with 22.893.7IS buslie's In the previ
ous season Exports from Atgentltin for
the week were 327.000 bushels, against
2.057.0(10 liiiiheln last year. The visible
supply there Is 2. 100. 00(1 bushels, against
7,1138,0011 bushels in Hi IS.
landing futures rum;ci! un follous
Wheal
Selling with the rights to subscribe to
new stock off, If, O. I, wns off 4 4 as com
pared with tho close of yesterday. Tho
rights, figured on the basis of last night's
close, were worth about $3. The stock sold
only nt a fraction loss for cash, while the
warrants reached a new low mark nt 274.
Piesldent Samuel T llodlhe pointed out
today that thed" Is nothing In the com
pany's affairs to Justify the recant weak
ness In the stock,
Tonopah Belmont, nn the turnover of onlj"
n few shares, declined to a new low mark
for tho year. Philadelphia Rapid Transit
trust certificates were unchanged, as com
pated with the final figure of last night
Most of the trading took place In United
States Steel common, the bond market
was quiet all through the day. In view
of the flotation of the Government Liberty
Loan It Is not expected that very much will
take place In the bond market for some
time Brokers and bankers today reported
a continuation of the subscription to the
Liberty Loan.
COTTON ENDS HIGHER
AS BUYING INCREASES
Good Gains Are Recorded on
Bullish Buying May Only
Month Declining
May
.lul
Sent
1 orn i new
Open
3.1s
111
11:1
I S'l
I is',
1 3liS
Mn
.Iul .
Sent
Omin
Mat Jul)
Senl
i.nnl
Msv.
.lul
Senl
Itlbs
Mn.i .
.lull
Sent .
Pork
.Uv . 3H7S
Jul as!):.
Ill.l. t.VaU
lllKh.
3 45
S .".It
4 4IIS
Kilwryi-
7i
ll.'.S
511",
43 SO
4S I"
I..VIS
I. Ill's
t IIS
7IS
17
l.niv.
3 17
4 47',
4 US'
1 57
1.47
I 3H
Close
13 IS
.' Ml',
S IS
t .".IS
411 35
411 711
SO N5
411 77
40 97
15S
3'1's
4(1 05
40 Nil
it tNonilnal
7l's
ttlft's
. :.',
144.311
tSS 15
t44.57
Sll 53
411 711
t40 :.
ISS 75
39 on
Yes
i lose
S 15
2.4S
I'.nos
1 :,s
1 4SS
1 in'.
tmiS
15
sS
14.' 40
4S.35
40 511
Sililt
40 Nil
3s i',5
3S s:,
COTTOX IIF.I.T IVK.ITIIF.R CONDITIONI
NKW ltlllK, .May 11. The following
temperatures were rernnled In Ihe rat
ion halt thla mnnilnur Aslievllle, 4I Chat
lanntieit nnd Kn.nvllle. 51 1 Oktahotnn. Ma
rnn. Nashville, nnd Rnlrlsh. Sll Shreiepnrt
nnd Oklahoma I'll). 50 1 Abilene. Vlrksbnra,
Miintanniery, Auaiisla, Atlanta nnd Wll.
'nlnnlim. RSi Mule, jinek, .Mobile, Itlrmlnc
ham nnd Viivaiumli. fidi San Antonio, Mem.
Ph s, I'rnsarolu und Thmnmvllle. 84l New
.''.'"P.?' n41 fhnrlealon. Jaekaonvllle and
Jlel Mo. (Mi Tiimpu, O81 Onlreslnn, 70
I nrpiia Chrlsll, 72.
, There nas .01 Inrb of precipitation at
s-iiriiiip, .in mm nr Knovsine. .Meridian,
1 "T."". .'Iirlsll nnd Sn Antonio, .08 Inrh
"A -V ."'' -'4 ,nrh t Oklahoma City nnd
.06 Inrh nt lialleston.
NEW VORIC. May 11. A poor response
to strength In Liverpool was made at the
cotton opening today nnd trading was vir
tually without feature The one was steady
mid prices were 2 to 6 points net higher.
Liverpool wns a moderate buyer and
some of the old bulls took all the options
on n small scale. Bears, however, con
tinued to fight 'against nny advances. A
fairly good supply name from southern
Interests.
After the call the market became more
quiet and prices by the end of the first ten
minutes had reacted 2 to 3 points merely
because of the small outside demand.
Scattered selling, promoted by the out
look for warmer weather In the belt, was
readily absorbed within a point or two of
tho opening figures, and the market held
steady during the middle of the morning,
The firmer tone In tho stock market may
have been responsible for scattered Wall
Street covering, nnd this seemed the main
factor in a narrow market There was some
New Orleans buying here also, and mod
erate support from bullish sources on which
the active months sold from 13 to 17 points
net higher.
The enrly afternoon advance carried July
to 19.08c and October to 18 96c. or net
advances of 2C$f32 points, respectively.
July contracts were offered more freely at
the advance, with the result that Its premium
oxer October dropped to 70 points, as
against 80 early In the week.
The exports for the day aggregated 4471
bales, all to Great Britain. Total shipments
thus far for the season have been 4,741,265
bales, compared with 1,088,391 bales for tho
corresponding period last season,
Yea 1 lose Open lllah Low IZloa
May . . 111.112 19.110 lll.s 1H.5S 19.3H
.llll 111 4.1 19 4.H 111. nil 111 44 1 11.11.-.
Ik tuber . 1S.III IS 117 1N IIH 1H,f) 1S.II5
December ls.73 IS 75 111.03 1S.73 19.113
.tnnuary 1N.7H is sn 1 11.011 is. 78 10. op
Marrh PUIS IS. 91 III 19 18.93 10.111
Spot III Nil . , .JO.K
y
QmmRinney
S COMEANY
AUTOMODILC BANKCMS
Offer special facilities for In
dividuals or automobile deal,
ers to finance the acquire
ment of pleasure cars nnd
for business houses to finance
the acquirement of commer
cial enrs or trucks. If you
are thinking cf purchasing a
car of nny kind for any
purpose the FINNEY SYS.
TEM will make a better busi
ness transaction for you.
RtAv
LSTATE TRUST BUILDING
PHILADELPHIA
lulu! aules. JM 17.(100, n.ninuie.1 with t.l.Sil..
1100 estrrdiyl thus far (his week. XIS.SOU.INlDi
snnie period last week, SIS.SSD.IHIO,
liirre.ias
tS.Sn.l.ll.MI
1.471'. II It
t. 3011,7110
1.301,117
Ini'ieaae
1302.0011
BAR SILVER
Last
Today.
l.aai
. Yes. r-rt.
m 8&
1017
lllah. l.r
RAILROAD EARNINGS
VIKQLVIAN RAILWAY COMPANY
Year ending Ileiember 31 191H
Total oper. revenue.. Is, 455,9114
Nat . S.S00.7ort
Total deiluettoiis 7. I.S53.70S
Surplus l'.47l).S0il
CANADIAN PACIFIC
1917
First week My IS.0ll3.U0O
lU-Fl'Al.o. rtOl'HKSTKn AN!) PITTSHVIltlH
Plrst week May 1282.747 117 301
I'llBAI'KAKK AND OHIO
First week May I873.SOS 117.4111
From January 1 I,. 051. 328 S8U.310
' nn.NVEit and mo aitANDK
First week of May 1543.20(1 llim.mn
From January 1 9.11.852 1.421.733
ST. LOl'lS SOl'THWKSTRnN
First week nf May. .. J493.00O $71,000
WKSTKIIN MAIIYI.AND
Flral e(k of May ... .'415.JS1 17.400
From Jsnuary l...-v 4.317.951 . r,fM,020
ATLANTA. niltMINCillAM ANH ATLANTIC
Fourth week of April.. , JJ..ji4 $43.209
From Jsnuvy 1.200.5(11 S30.SBS
(1HKAT NOI1TIIKRN
jn.Onil.BIII 1371.007
N I7.R4S
l.'jss.sin
History of
United States Loans
Wc 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 oJ
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 are
included.
Send for a copy of Bool(ei No. 2418-B
William P. Bonbright & Co.
Incorporated
Morris Wistar Stroud, Jr., Manager
437 Chestnut St., Philadelphia
New York Chicago Boston Detroit
London
William I. Uonbrlglit
Paris
Ronbrlfht Jt Co.
March sross
Net ,
Three months gross
LI S3,. ',57
in, tin, au
Net
2.0SS.724
707.710
MINNEAPOLIS AND ST IX) I'm
First weak May .,sln.-?U $18,712
From January 1. . . . 3 50S 70S .1.7.100
The 13-Hour Bank
The kind of an Institution that makes you feel at homa largo
enough to provide every modern banking facility, but not too largo
to give Careful attention to the individual needs of its patrons.
SAFETY Capital and Surplus $600,000.00, and every loan secured
by approved collateral.
SERVICE Open continuously from 9 A. M. to 10 P. M. Uniform
promptness and courtesy in -all transaction.
CONVENIENCE Located right in the midst of things and on your
way to the theatre in the evening. It is no longer
necessary to rush out to bank in th middle of tba)
afternoon. ,
We ahould be glad to have ANY PART of your banking business.
2fc on checking accounts) 3 54 on savings accounts, ''
REPUBLIC TRUST COMPANY
1429 Cheitnut St., Philadelphia
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I Or o nj jtorn.y., I receiving inn or no support from any WW T-tf " &' "lt k M0.3 1 1 .. -, , ',
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