k7 rV?l 'V ": .'y-A:- iv , -v. ?4. - ' i . EVENING LEDGER-PHIL 'J- t". . I-" ilJtiiA, WED'Elsl)r MAT ' 16, 1917 s, .V :"L ' i-ft ft; ft ass ii j &. I; r fe :u. ".' ire- ?' FW . CA E&X ?. J? jL?f A',-. ' 3 : '-' fVr REILLY, BROCK A CO. ' BANKERS 'V .-.r . 5 VA !, PHILADELPHIA PLAN I. t EQUIPMENT TRUST ' '1- CCRTICir.ATFS 306 CHESTNUT STREET - PHILADELPHIA I lk ... -v.... l Due Sep ; ft. Pennsv Free of Pennsylvania State Tax t "Wo own and offer -: Pennsylvania R.R. Ions. 5 Bonds 'Member 1, 1919 P.nn..,l...: d d . .-. iiiiiviraiua J..l, ; ' Gen. Freight Eauinment S 4$ Bonds T UUC April I, 1919-ZJ V- ". . A .. ," . lien. ?b Bonds !? Due May I, 2003 5 Prices on application Lehigh Valley R.R. TheNationalCity Company 1421 Chestnut St., Philadelphia New York Chicago San Francisco Boitnn Pittsburgh e.iUXIarKvSCo. BANKERS (Established 131 '321 Chestnut Street "V Philadelphia fj Sound Bonds During tho past ten years wo have taken part in the marketing of Pub- lie Utility Issues aggre gating nearly 5 $100,000,000 There has never been the. slightest delay in tho payment of cither prin cipal or interest on any Public Utility Bond sold on our recommendation. Booklet "f" on retruesr. INCORPOBATED Stock Exchange B!dg Phllada. Boston New Vork r& AUTOMOBILE. BANKERS . Offer special facilities for In dividuals or automobile deal ers to finance 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 purchasing a car of any kind for any purpose tho FINNEY SYS TEM will make a better busl ness transaction for you. REAL ESTATE TRUST PHILADELPHIA BUILDING WANTED Bond Salesmen Old established Philadel phia House desires ex perienced bond salesmen for Philadelphia and Pennsylvania. Also men to become bond sales men. References re quired. State age and experience. All replies considered, confidential. A 203, Ledger Office. DIVIDENDS FINANCIAL NEWS BEAR ENERGIES EXHAUSTED AS STOCKS SCORE GOOD ADVANCES IN WALL STREET General Change in Speculative Mood Has for Its Basis a Confident Belief That Government Financing Is Assured of Complete Success NKW YORK, Mny IS. The exhaustion of the bear energies was mnde more pronounced In the stock market today because of n Keneral change In the speculative mobd, which had for a basis :i conlldcnt belief that Oovernment financing Is now assured of ccunplctn success. It was understood In some Important quarters that subscriptions in hand and known to bo ready for filing nlready exceed the total amount of the loan. The I'iihhIiiii Munition was rewarded as more cheerful long befotc the market opened, and this belief was nlso an Incentive for a fair amount of outside buying, which enrno when mi oversold condition had been created. 1'ilces moved up with n oo(l ileal of lgor from tho slnrt, but It was not until after the iinnounreinent of the unconditional loan of $100,000 to Uussia that bullish conditions became very pronounced. This news wns followed by violent advances In Russian bonds on the Hrnnil Street Cilili and by the Improvement In tlussian exrlmnse. On the Stock ICxchaiiKe the most Importunt response to the news came In the shape of urgent buying of I'nlted States Steel common, which advanced nearly 3 points, selling above 1204. Theie was in gent covering of shorts In nearly all the other speculative Issues, mill in the afternoon brisk advances weie In order In the coppers, rail roads, steels tiiiil specialties. Heading, which closed yesterday at R5, moved up to above. SS. t'nlnn Pacific rose more than 2k points, touching 135, find (Jencrnl Electric made a gain of 3 points to 157. Met Ilk hem Steel rose mote than 4 points, nmt gains of 2 to fi points were made In many other of the steel Industrials, with the greatest improvement in price recorded In Superior Steel. There was no change In conditions on the bond market except the show of n little strength In Third Avenue adjustments, which moved up about ".' points. St, Paul -IVis declined 'j to SO. AnRlo-French 6s continued to rule at 33 to 9311. RUSSIAN BONDS ADVANCE VIOLENTLY ON CURB AS RESULT OF BIG LOAN NKW YORK. May 16. The llroad Street Curb und nil the security dealing groups were directly influenced after midday today by the announcement of the Government loan of fino.OOD.OOO. without stipulation, to Hussla. The first effect of this news was violent buying of Itusslan G& per cent bonds, which rose from SO to 90. The Itusslan f.'As followed with nn advance of from 7"ii'to 83&. Nearly every one of the other trading groups on the Curb showed a strong tone also, with most interest attached to the continued accumulation of Triangle Film, which was bought by strong Interests at 1V4 to li. There was pool manipulation in Submarine, which rose from 23 to 24,, whllo Lake Torpedo was heavy with sales at fi to 6V4- National Conduit was firm, selling at 32 to 32U- American Sumatra moved up from 23 to 24 Vi- I'nlted States Shipbuilding sold nt fi and Maxim Munitions was traded in at I" to IV Everett Ilcaney was steady, with sales nt 22U. The Standard Oil stocks were lower because of uneasiness over the tonnage situation. Standard Oil of California sold at 252 to 249, New Jersey fiom 5S5 to u80 and New York from 285 to 2S0. Independent Oil stocks were Irregular. Sinclair Gulf advanced from 31 to 324, whllo Midwest Kenning dropped from 118 to 115 and Mcrrltt ranged from 21 ";r to 21 ",4. Mining stocks were iriegular. .Jerome Verde was strong, with sales at 1 15-16 to 1 3-lfi, i'nlted Verde sold at 3S nnd Hutte Copper at lO'-i and tOVi. Tnlted Motors advanced from 2S'4 to 29,i. Plerce-Arrow sold nt 38;. IMItSTKIAI.S 1 lMMISTHIA Air Reduction Am Stores ,. . Am Sutnatin Aetna Explosives Am-Hrlt .Mfg Am Mari'unl Am Writ Paper Canadian Car Co ran Car & Kdy pief. . . ChaicoJl lion Chevrolet Motors Cramp Curtlss Aeroplane Canven Tool Cnrhon Steel Kverett-Ileaney Emerson Phonograph . Federal P.ve Haskell & Darker Car. . llendee Mfg Kathoilion Hronze pref, Lake Torpedo Boat . . , Lima Locomotive. Maxim .Munitions Martin Aims Nat Conduit N Y Shipbuilding .N'or Ainer Pap Pulp... Otis Elevator Peel less Motor Poole Kn nut. , II II . 35 Vi . 'J4 . !'. :i 2. ii . Yes ctoe. Asked. (Snlf) II .16!? 24V4 :i .10 ; tin .lVi 33 5 II.-, KM) 83 KK i 30 It II Mi "Vi St x S3 33 Vi 33 V. Hi 'Mi 7 " 411 3H 37 38 14 30 33 1 Vi 2 Vi 7 ay .in si ru 1 ITS. HI) S.I 31 33 V. Mh :i.i su 110 H2 . . 11 13 73 MS rHILADEM'llIA COMPANY FOR UUARANTKKINO MOKTOAUK8 it Land Title Uulldinc Capital 12,000.000 PhUadatpbla, May 14, 1U17. The Board.of Directors b this dy declared a dividend ot Tare dollars (S3) per altars upon Mia Capital Stock of the Compnay, payable asa II. If 17, to stockholders ot record at the doss tt business May 31, 1017. Cnscka will Ba mailed. ,,, OA.UbM m AtMU.MJO! Treasurer. XHK AMKKICAN GAH COMPANY IV-t Jrs. oirwj .... a 11 IK. 101T. tertr. dividend of, par csat. or .00 Camden. . Ilvtitond ai en ueoisr D. Lupton's Sons Co. 7 Cumulative Preferred Stock Dividends paid Quarterly, Free of Tax In Penna. Frt:e: Far (1100 per share) and accrued dividend. Write for Circular Morris Brothers Co. Established 1893 1421 Chestnut Street by stock AS AND market si What Is meant J selling WHEN. IF ISSUED?" fll When Is the "HEAVY?" (J Do you know when the J "TECHNICAL POSI TION"' of a stock Is good or bad? tf What Is "FLOATING STOCK?" (I Why do Investors "AVER- AOE DOWN" when pur chasing stocks? U What are the powers a "VO k'OTINO TRUST?" of In fact, do you know thoroughly the meanlur of market words and terms that you read dally In the news papers and financial publications, or do you skip over them, (runtinf to lurk to And out some day? "THE LANGUAGE of the STOCK MARKET" Is the title of a neve booklet of definitions of over 200 market words and expressions. It Is Interesting and enlightening to the beginner In the market, and will prove a handy reference for all Investors and trad ers. Nend for It. Ask for 851-T.U. JONES & BAKER STOCK BROKERS Widener Bid;.. Philadelphia Bell. W.lont 1C0I. Kef stone, Ilace 3290. New Vork Ilostoa Chicago Pittsburgh Direct Private Wree J0SB8 6 BAKUH. TVifenr Bldg.. philaitXthia. Fa. Tou may send me yourt booklet "The 'Langusgs o( the Stock Market." 831-T.U, Xante ..., A Mr ft ....?.. ?' v' S Continued Yn. close. Bid. Asked. (Sale) Picree-Arrow . ..: 38 42 Redden Truck laVs UM. Santa Cecilia 20 2B Santa Cecilia pref RS 60 Scrlpps-Dooth 3i 40 S S Ktcsge w I In II Standard Motors llVi 12 Steel Alloys V4 ' Submarine 2314 34 St Joseph Lead HV4 18 Tndd Shlphulldlnr 3 Trianglo Film IK li I'nlted Prollt Sharing .. Vi l' S Steamship 4 a l'nllwl Motors 38'!. 29U United Sugar .16 36V4 World Film i Wright-Martin Air 4 5VI Zinc Concent i Z STASDAItll Oil. STOCKS 4 22V4 82 114 5 28V V 2ft Illinois Ohio Piairle Pipe S o California S O New Jersey. .. S O New York ..218 . .335 . .2S ..247 . .88.1 ..281 225 34S 278 283 587 284 IN'DKPKNDKNT Oil. KTOUK3 Harnett Oil & Gas 8 COKien Oil 11 Cosdeii & Co 11 Elk Basin Federal Oil .1 Inter Petrol 12 Houston Oil 20 Merrltt Oil 20 Midwest Ref 114 Met J'etroi i Ohio Fuel 18 Oklahoma Ref Otage Hominy 8Vs Rice Sapulpa Ref 0 Sequoyah I Vi Sinclair 3ii Victoria 9V4 MINING STOCKS Alaska Standaid 40 Atlanta 10 Rig Ledge ,... 2k Butte Copper and Zinc. 10V Butte New York 11'. Cashboy 7 Cat & Jer Hi Con Arizona ITi Emma Consolidated .... First National 2 Coldfleld Merger Goldfteld Consolidated .. 18 Goldfleld Florence 20 Heola Mining 7 Howe Sound V4 Independence Lead ..... to Jeromo Verde 2 Jim Butler 70 Jumbo Extension 37 Magnate Copper 80 McKlnley Darragh so Magma. Copper 43 .Mother Lode 28 Mine's Co of America .... 1 Nevada Hills 23 Nlplssmg 7Vi Ray Hercules 3 San Toy 11 Stewart , yA Tonopah Extension ..,.., 2V4 United Verde ?7Vi West End Con 4 ) White Caps 1,', Yerlngton 32 BONDS Amer Smelters 5s 90 Atlanta Charlotte 6a ... 98 Bethlehem Ss 97 Cosden Oil Ss 99 Cosden & So 6s 98 Cudahy 6s 8V4 Erie 5s 97 New Haven 5s 97 V4 Russian Govt 5 Vis 89 Russian Govt 6 Via 78V4 SouUlern Railway 6 ... 97 Todd Shipbuilding 6s ...101 N V State 4s 105 3V4 12 I2V4 10 5Vi 12 21 21V4 119 Ik 19 Vs 8Vi i". 9V4 l. 30 m. to 45 It 2 10 11 8 2 2"i Ts Vi 7 82 28 7 li ft 11 2V4 73 39 8.1 S3 45 28 25 , ,W V 18 .9-32 . 88H 7 1V4 34 1V4 96 90 11 98 99 98 7 81 7Vi 7 102 108 S88 280 11 12 0 3 12 21 21 118 U 9 8 Vs V4 lft 80 9 39 2 10 7 1 7H 71 37 83 "v 18 "ift 33 90 95 78 70K New York Stock Sales Alaska Gld M... 6 Alaska Juneau .. 5 Allls-Chalmers Co 28 do pref 83 Am Agr Chem.. 01 Am Beet Sugar. 91 Am Can 14 do pref 103 Am Car & Fdy Co 07 Am Hide & Leath 13 ltlsh. Low. Extra for People's Natural Gas PITTSBURGH, May 16 The People's Natural Gaa and Pipeage Company has de clared an extra dividend of fifty cents a share, payable May 29 to holders of rec ord May 19, do prof Am Linseed . . . do pref Am Locomotive Am Malt pref . Am Smelting . . do pref do pref A Am Steel Fdy. . 61 . UHl . 57 . 69 . 37 .100 III Vi l Ml Am Sugar IHi',4 Woolworth Retires More Preferred NEW YORK. May 16. At tho annual meeting of the K. W. 'Woolworth Company a resolution of directors to retire (500,000 preferred stock July I was approved of by the stockholders. This brings outstanding preferred Issues down to 112,600,000. Re tiring directors were re-elected. BAR SILVER Am Tel & Cat Am Tel k Tel... Am Wool do pfd Am Writ Pap pfd. Am Zinc & Lead. . Anaconda Atchison do Jitff Atlan ('oast Line. Atlan Gulf & W 1. do pref Baldwin Loco Co. Battlmoie & Ohio. do pitf Barrett Co 61 131 40 Vs 07 30 Sl'.i "U Hill 97 mo 104 61 38 Vi 60 Vs 6 9 Vi Y 5 24 3 v; 01 88 103 66 13 61 211 37 66 flfi 07 1 1 1 Vi 8!i 60 1119 611 118 18 '7 39 31 76 08 116 I OH 101 60 35 68 69 Net Clone, rhite. 6 f i Tf. 2 01 0 Vi 3V4 26 88 4I 103 67 13 61 31 57 03 37 100 111 Vi 118 61 11014 Vi 61 2 V4 1 2 Vi 14 4- 2 4- f 3 y 08 4 V 131 49 117 39 31 78 100 1)8 4 314 4 1 4 14 Hi V - Batopllas Mining.. I Bethlehem Steel. . 1.14 do 1) 121 Brklyn Rap Tian. 39 Burns Bios .... 1)3 Butte & Sup Cop. . 48 Cal petroleum . . 19 Canada Pacific . . . 100 Central Leather .. 86 do pref . ... Hi0 Cerro de al'seo . . 38 Chandler Motors , 03 Ones He Ohio 57 Chi fit West pref. 30 1116 106 Chi M & St P do pref . . . Chi & Northwest Chill Cop . . Ohlno Con Cop Col Fuel & Iron. Col Gas & Eleo Consol Gas . . . Corn Products . do pr .... Crucible tSeel . . Cuba Cane Suga do pr Del & Hudson . . Dome Mines .. Distillers Hecur Erie do 1st pref . . do 2d pref . . Gen Klec Co General Motors do pref Goodrich B F ... Granby Mining. . . Gt North pref Gt North Ore subs Greene Can Cop . Ill Cent Inspiration Cup 72 .11.1 .110 2314 . 34 Vi . 311 . in 11)7 24 I III) Vi . 68 . 43 94 115 . 12 . 18 . 23 . 35 31 .187 .108 88 . 31 . 80 101 33 41 110 57 Intsrbor-Cons Coip !l Last . 191T wee, run. H do pref Int Har of X J . . Int Mer Marino. . . do pref Inter Puper do pief I tit Nickel , Kan City So. . . , Kotinccott Cop . , Lack Steel Lehigh Valley . . Lee Rub ft Tire Manhat Elv Max Motor do 2d pref .... Mex Petrol Miami Con Cop . , M & St L new M SPAS St M. Mldvale Steel M IC h T Missouri Par ctfs do w I 34 112 28 8(1 37 116 40 19 13 88 62 18 118 31 31 00 30 13 101 38 5 3 36 Nat Enam & Stpd 32 National Lead. . 34 Navada Con Cop 24 N V Air Brake. . 142 New York Cent . . 88 N Y N II & II . ... 39 N Y Out & West. 31 Norf & West ....130 North Pacific. . . .nil Nova Scotia Steel S Ohio Gas 130 Ontario Silver .... 3 Owodb Bot 90 Pac Tel h Tel 26 I'enn R R 32 Vi Peo Gas & C 78 Pero Marq 17 Philadelphia Co Pitts & West do pr Pitts Coal ctfs.. do pr ctfs Pressed Steel Car. Pullman Pal Car. . Quicksilver pfd . . Rwy Steel Spring. Ray Con Cop. . Reading do 2d pfd Rep I & S 3.1 25 68 43 III 73 146 40 30 88 41 83 Royal Dutch 61 1 1.11 122 37 08 43 III 138 St 109 36 02 Ml 30 Vi 30 111 112 1111 2IVi 33 48 39 Vi 1113 23 10(1 66 4i4 01 III 12 13 23 35 21 154 103 87 40 70 m.1 31 41 100 53 II 33 113 26 78 36 06 38 It) 14 80 60 18 M8 80 li 31 811 .111 13 1112 56 a Hi 24 .11 84 23 1.18 87 38 3 P,i 120 00 113 137 5 89 26 31 77 17 33 21 611 13 III 73 III ., 48 38 83 40 81 60 4.1 17 50 12 164 23 511 90 34 32 38 99 81 13 Kill 101 01 37 69 00 Vi 106 IK. 131 1211b 38 93 43 III 161) 81 1119 38 Ml 9.1 37 311 Vfc 72 112 110 22 31 81114 40 107 24 100 "ITi. 43 1 I 1 5 13 IH 3.1 33 27 157 106 88 sot; l"4 32 4 I li 100 57 OVi 34 112 21 80 37 00 39 19 45 88 61 IK MH 51 31 00 39 IS lot M. 58 Ml 3 3 26 .12 34 24 142 88 Vi 3014 21 130 100 03 13014 5 901a 36 32 78 17i 33 25 63 45 111 13 146 1 40 39 8114 40 83 61 43 II 5 1 Ml 12 163 25 54 1 25 53 45 100 89 IS ' 2 . 2 1 t- 4 1 i 3 1 4- 1 4-1 1 2 4 1 H 1 14 -I t V i ii 1 4-1 4-2 Mi 4-1 14 4 2 V, 4- 1-2 4 1 4 1 1-2 1- 4 4 4-Hi. 1 4 2 li 1 2 I l - 4 2 14 4 ITh - 4-1 - - 1 4- Hi 4-2 4 1 r 3 4-1 14 li 4-1 4-2 V ' 14 4-1 1 4- 4- 47 4 Hi 4-2 4- 1 2 4-3 f Vi 4- 1-1 -r- 14 1 4-1 4-1 4-1 2 4-2 4 2 i 4- Sales in Philadelphia J 3 4-1 4- VS. 4- 4-3V. 4-4 1 4-1 4-Hi 47 Vi vi 4-1 4-3. MTi 4- 214 4-1 4-1 Vi 1 4 1 4-1 V4 Saxon Motors .... 48 St L & S F 17 Sinclair Oil 31 Seaboard A L ... 12 Sears Roebuck ...163 Shattuck Arlx . . . 25 Sloss-Sheff S & I 51 Southern Pacific. 91 Southern R It.... 35 do pref 33 Sup Steel Cor ... 43 do 1st pref ....loo Studebaker 89 Texas & Pacific. . . 13 Texas Company. .207 201 207 Third Ave R R. . 20 18 20 Tobacco Prod.,.. 53 51 52 Toi St L W ctfs pf 14 13 II Transue Williams. 43 43 4.1 Twin City R T... 88 N8ll 86 Un Bag & Paper . 10 in lo do new 78 73 73 Union Pacific ...135 132 134 do pref 77 77 77 United Alloy Steel. 43 41 4.7 Un Cigar Stores . 98 90 08 United Fruit 137 l.il 13? Un Itwy Invest ..7 7 7 U S C I P & F.... 20 10 20 U Slnd Alcohol. ..126 123 135 U S Rubber S3 64 85 do 1st pref ,.,.105 105 105 U S Smelt & Ref. . B5 54 S3 U 8 Steel 120 116 130 do pref 117 117 117 Utah Copper ....114 112 113 Va Car Chem .... 43 42 42 Va Iron C & C... 70 68 70 Wabash U 11 11 do pref A i 46 46 46 do pref B 28 28 23 Wells Fargo Ex.. 97 97 97 1 West Maryland... 16 18 18 West Union Tel.. 92 92 92 Westlnghouso Mfg 49 48 49 West Pac R R.... IS 12 13 do pref 41 40 41; Worthlngton F&M 23 25 25 Wheel & L E 13 18 13 do 1st pref.... 33 32 33 Willys Overland.. 28 27 27 Wis Central 30 ,46 49 Wilson Co 73 '72 78 Ex dividend. Detroit United Rwys, 2; Pressed Steel Car. 11. Ambler to Spend $8000 on Streets AMBLER, Pa., May 16. The Ambler Borough Council voted to place 38000 In a special fund to -provide for future street Improvement, made impossible at present, owing to scarcity of labor and prices of material. Temporary improvements will be made to. some of the streets, and all will be oiled at one. X3 4- 1 H 4-Hi 1 4-2 4-1 4- 4-5 t i i 74 " 1 Killed by Fall From Scaffold, --" READING, Pa., May 16. As a result of Injuries received In a fatl from a scaffold. George W. Buchanan, aged elxty-saven vaara. died at the Homeopathic Hospital Hera today. -Death was doia,. fracture- . A-a lk.',ull ..IKA'wSkJ. -'- -' lIlRh. 13 All! Ins .. 30 lo Am Can .. 43 8 Am Rys pf 01 100 Bald Loco. 37 20 B&S t c pf 49 10 Cam Steel. 1 1.1 10 CM & St P 71 330 Elec Stor . 60 2 Ins CoNA 26 In Int M M pf 80 11)0 Key Tel Co II 3333 LkSilpCrp It) 3 I .eh Valley 60 no Mldvale . . 38 20 Mlnehlll . 38 00 Xcv Cons.. 3.1 4 North Pa.. 93 13.1 Pemi.1 It It 83 11 Pa Salt M. 1)2 681 Phlla Elec. 29 408 PUT If cfs 29 SI Phlla True 79 100 Reuillng. . . 87 21) So Rwy . . 4 3d Ton Mln. . (I 4 Union True 43 921 Un G Imp. 1!) 1311 do war. . 28 Low, 20 43 01 87 49 11.1 38 V, 26 80 II '" ! 60 88 38 33 11 32 92 29 28 10 811 4 0 42 "77 26 116 116 83 Net Close, chst. 20 43 1K. 01 37 1 49 113 7IVft 61) 2 80 11 14 4-1 10710 r S Steel. 12014 20 do pief. 110 223 Will Clump 86 II()M1 iilsh. !,nv ennui iity is ii. nil 2(100 do'43 reg.100 3000 do 'ID leg 100 3000 Elec & Peo Tr ts . . 80 lono Key Tel.. 07 Anoi) Peniia Co temp ctfs 4'ss 00 3900 Phlla Elec 1st f,s . . lot 3000 Reading gn Is 92 1000 doTerBs.llo looo Un Rwys t c 4s ... 12 In 10014 100 80 97 90 III 60 38 38 23' 92 32 02 20 28 It) 8714 4 6 12 70 38 120 116 80 Cto.e. 101 100 1110 80 07 "-1 Vs 4-1 4 4-3 4- li 1 li 4- 4- -I- -t- 3 1 1 l . li t I Xet lhe. ! 54 100 100 92 110 03 110 3 BlIV A LIIIKIITY BOND TheNew York Silbtreasury was a creditor at tlietClearlng House this morning to tho icxtint.of $776,195. Directors of the Lehigh Valley Railroad nt their meeting today transacted routine business only. , New York Bond Sales .?-'','!,'! 'Jmc",r ,A"r 'i1' 3s .. .IHIIII AtlKlii-1-Vpulll 3. .-"ii" Ainer Kor Mec 3s ix.iiiii Ainr Tut ., ..!":" ''"er Writ Pap r IJ01111 Arnmur I'n !., .I.iilllll Atchison K,. 4, , ioiiii A1l.u1 i'ii i.i,,,, in j,, -'-" Hall 1)1,1,, .!,.. I.1111H) llri.'.lo, Itap Tr 3s' I .'.!!!!!! ';Uy "' novieuiix n .join) t'.iii 11, ih . mac. . '"lo I'lOl.'nl.l South 3s 2111H) tvnt t.enthir 1st 5s. iiiuii ivnt Pa,' avis.. . Slum Chi s. ohlo 4' j.i loiooii do (.onv As SHIIHI Oil ( We-M -Is. . . IK on i' II q rei; 4. .. I20IIII C ,I A Si ! luliv 5s 7MIIIII ih, CV I'.s . .IIIOII Cl,l It I A P fis . '. 30111)11 , , a .-, -V!i!!',! Col .Midland .1 -Is.. . 1IHMI 1 VI South n,,. 3VI0O lily of Paris lis. L'hlilMI 1 'nn (J, cv ,, , J 000 Cumberland Tel r.s.. IIPIMI ronsol I'uiil 11- 1 mi. . 13IMIII .'em. de Pureo (,i IOUO Oil itwja Co 5. . IDOil IM 1,1 tv .-, . inoil do rM 4s . . . ,.',!!!!'! !'f' Rdison 1st r.s ms lillOll Ilia Souir Corn .'ii nun Krlf iv 4s s,.r 11 S700U iiu i-nnv 4- Sor I) imin , Rl. 4 n:,min rnniii 11. 1, r,iSs I .-,.1.1.1 in.ll.uiH .xi.,i ,-,,, . L'oiinn lni,-r Met I'js 301111 tiller .Mer Jlnr Hi . 7111111 Jaiunran 41, H ii.no iin n,w (j, s Un 140011 l.m-l.n. steel ."is lliLM 14000 l.k Sh ,1.1. 4s 111.11 lono LorilLird 7s .... 111(10 Louts It Ne' 4s . Tono in pai. w 1 r jnj) oiioon 1I0 v I 4s . .- Mont Power r,s . . I tono North stale Io- ,",. I'lSIII) N V ( h 11, .Mm. I 1I.1 l, 1000 N v CIO 4'i lllltll. . lono ii 'jN iiiiK . . , , IOUO X V (i II 4r P .Is. . . 11000 N V X It It- II (Is i.o.Hi n v nn. ns lllch .in', . OS's . MSN !) . 17 . nn". . SB's Low 3 i 111 nil', Jul li.,'. HS'-j SS1. SI', nn", uii'i u;1. 117 II7 IIV'j 11 1 In lll'j, OS's H.Vl, inn 100 ion inn N!i S5 M', K4V4 i.Vs ,:. Ill ll.-.l u-.'i u.m D!) US'. !Mla tin 117'. t!7' -T.. "'. 7'J"i 111". II2 HH'. ton inn 11.-1 9: !' I h 111 'a 112s 112 IM . IIH'. (ill', SS tun'. nn .-ill-. . C'l'v Ml',i .mi A .Int . 112 lil'i .inn',, () .117 HI'. . 3I . illl, . iir.'n in mi'. Inn1; inn. OS;, '.nu 'JIIUU .',irf X, V',.Ml n.'l JlbU iilI. 13 .Nor Par Is. . ... ss'J liiioo it. Scn ,1s in-J 51100 Phi lllr Tel :.s I171J 770IIII 1'enn.i ceo it ',s .. in:'; 3001) I'lilille Serv X J As . . hl 700(1 JVro .'.Inrqu. tie Rs.... S7' 4000 iteariins men Is... . up, sunn Itenui, Culm Ss lull.. Il2' 30011 St I, 1)1 ( !., .. ji; jniio St 1, . s ! in Us ... 4ii'4 10.11101) 1I0 Ser A 4h . . . ll'jll 7III1II do Ssr II 5. . . . 7S lono St I .M .I 4'.4s. iiiis, SIIOOO South Phi' cv 4s SIV WOOD 1I0 cv 3s 7 louno Soutli itwy Ben Is.... im'i 11000 Texas Co cv lis ln:t 11,00 1't.lh I'oiv k I.lKllt Ss. IilI'. 11000 11 s jou 4b rrtr nisC, HH.1011 I s ltiitiber ct s nn'a 1:120011 i' s sieei h f r.s. ...ins union V IC nt 11 11 1 Sa . . 07 4011011 ilo 514s lots Illlli nonnn do S'is linn new... ni)i4 140110 do .i'm 111111 lill', 17(1111) ilo 5'm 11121 (i.1; .10110 Va Car dim ... nil', junil West electric Ss -. . KM,' fiuuu West Pacific 5s s5V ln,i't :n no', nn'j ffii', ''A nil iil'i ot',, ss In )uo', llll'. 117 111 11.1 'i .in '4 iir.'l in 1II3. no inn1. 100', IIH', us 22 ltb'4 ss!i 1.1". 7S, nn N7. K7'. Ill", Hi". H7 4(l"i .'4 7S tlH'i M II0. 11115. no1; JO.Ms Mi lor, D7 '! ont; llll'-, it.;; IIH. inn 83 li 11:1 11.1 IIN 'a N7 nn". ii', hi'. HU' 111 !)7' UlVi .'.' Inn inn 83 84 U, S.V-1 111'-, usji Ms' ill) 71 67'. fl'.s 711'. 111". Inn US III', 112 li:i' ll' ss 1111)1. mi si. nt snl. .hi; A 101 i'' in'. s.l 71) Inula tllH. 117 mi.. !i.V sn'4 li.l'a III Ilia, 1)1) Ion". 10114 us', lis list, ss. o:i M7's out; S7". N7' 111, hi!', 07 fi'Jii 71 si mi". in',; 10.'., nn'i 1 i.i sni, Kir. 07 in.', son nn', OS'S, wns, inn B5'4 STOCK PRICES AND TRADING IMPRoi IN THE PHILADELPHIA MARKET IN j)) General Advances in Qyotations All Through LiV nouncement of Loan to New Russian Government ' Helps U. G I. Issues Strong r '1. The action of lnt, ! ent stock nnd th- enn,!; 0,,'l Much Improvement was recorded In the dealings In stocks on the Philadelphia Stock Exchange today. While there was better ment from' the opening the market did not' get Its real swing until the nfternoon session. The betterment In the morning was confined chiefly fo price movements to a Higher level, as compared lth the closing quotations of last night, This change In conditions was brought about largely by the fact that stock generally sold nt higher levels In Wall Street, the lone here simply being n reflection of conditions In New York. When the announcement raino. over the nlies from Washington In the effect that a Treasury warrant for $100,000,000 had been turned over to Russia, being the first loan to Hie new Russian lloverninunt, the mar ket took on a new life and the trading showed continued Improvement all around, The announcement of this loan was taken In the financial district to mean that Rus sia would teject all of the Clennan oertures for a separate peare. Changes were mostly of n fractional nature In the morning, but In the after noon there ete somo substantial gains recorded. provement stock nnd the com ' rnnis, wnicii were strong nl is ' i day. was taken to Indicate that .SU,h ' iuiu niei support at the in. .."' in stock rose mole than n .,i.. xt'- warrants gained U. n """t. hll Aside f i om I'nlted Stole, c... Superior was t,. n'r ' i Lake It gained States Steel me inn.. ...""Sl good.slr.ed fra'rit"'!'.. common gained mor. ,J ft t me In .1,. :..mo.r hWl delphla Rapid Transit trust cZT.'l under the .loss of ., ' " -3 t'i-oirreii ims loss, mid more be.M l l ' fnipi,uUl Amerlc,n l Financial Briefs Condition of U. S. Treasury WASHINCTON. May 16. Tho condition of the I'nlted States Treasury, according to a statement Issued today, was as follows: Net balance in general funds, $195,093,475; total receipts, $141,109,593; total disburse ments, $62,677,117; deficit for the year, $119,255,750, exclusive of the Panama Canal and public debt transactions. SUNDAY GLORIFIES FRANCE 19,000 in Tabernacle Cheer Reference to Her Fighting Qualities NEW YORK, May 16. France, glorified by war, was held illustrating the height to which a nation can attain, while 19,000 In the big tabernacle cheered and cheered and then began all over again. The climax of the "Billy" Sunday address came when the evangelist, lifting his clenched fists above his head, broke out with, "Oh, Ood, how France can fight!" The storm of applause began again. At the close 1086 Journeyed down the sawdust trail to take Sunday's hand, Odd Lots Stocks Grain Unlisted Securities The asms careful attention ttvsa te small lots as to those ot lars er amounta. i HUGHES & DIER .. . J Phlla. Stock Exchange i Members Chicago Board of Trade 1435 Walnut Street Philadelphia . CARAHER & COMPANY Inc, BONDS Investment Securities 66 Broadway New York Boston Phllsdelphla Pittsburgh Cincinnati Cleveland Chicago Steel Alloys Barnett Oil & Ga Co. Bought Bolt Quoted E. H. CLARKE Morton R. Alexander iiiesiueni partner) Phone 1140 Spruce Rtorn r.irnsnje oioi., "T William St. Newara, n. v, Phlla,. Pa. New York Bcranton, Pa. -Manufacturer, Corpor ations, Auditors te further kar ambition In accounting enwM Notice- t-.Ml.lnr .rttssrslH, talus this ssesnl tcaaaa Bsarketi Age S7i J V LOCAL MINING STOCKS TONOPAH STOCKS MarNamora , .Mlilvoav .... Montana .... Xorth Hlar . Ilcscue Kula nOI.DFIKt.t) STOCKS Alluitu ... nine null .. Ilorth Dlanif JI II Daley Orn Saml .Ken . Sliver 'Pick MIKCEI.I.ANEO'TH Arlzonal I'nlted Nevada llltl .. Tecnpa Mttl . . . . nld Askil .(It) .11 .1.1 .15 .1(1 .22 .12 .13 .20 ,2S .09 .11 ,02 .04 .1)7 .01 .02 .0.1 .0.1 .04 .01 .03 .OS ? .01 .11 .1.1 .23 .8'. .20 .2.1 .24 .2.1 Delaware Charter." DOVER. May 16. The following charters were filed here today: The Navahn Pacific Copper Cccnpany, of New Yoik; capital, JSO.OOO.dOO ; to do a general mining busi ness, incorporators, Arthur W. Britton, Samuel' II. Howard, Louis II. rjunthers, Harry B'. Davis ami 'liover S. Clinton, nil nf New York The State tax paid with the Ming of the chartei-amounted to $3130. The Chemical Securities Company, of Wilming ton; capital, $7,500,000; to deal in Invest ments Incoi porn tors, C. Rlmllnger and Clement Egner, of Wilmington. Cadet Hosiery Company, of Wilmington; capital, $2,160,000; to manufacture hosiery. INTERSTATE OIL & GAS CO. Twenty-two producing wells In heart, of Humble fields, Texas. Information concerning present dividends and further development. THEHAVILANDARMSTRONC CO. MIR Walnut Street, Philadelphia. recovered this loss, the geoernl list we notes were, struck by Cramn in . ! whl.li wns off 2 points. nfjfcMi was piererrett nnd Ke stone TV .,? both of which went to new in, . " the last two yenis. Iow. I'vei, (.ovcrnment war financing ,. .. '4 about an Increase In the reHli. tro,1Mi paper for member banks bv vK"S" Reserve Bank of Philadelphia -rB! vesled assets of the bank are at u??,1 est point since the opening of the k, GOVERNMENT BONDS 2s registered 1030 2s coupon 1030 3s renlstered luis '"' ;is rnminn lllls 1' 4s regisleri'l 1025 ' 4s inupon 192.1 3s reclstered 1948 .Is I'Ollpon 1048 Panama 2s registered IB.lii Panama. 2s registered 19,11. Panama .Is registered 10H1 ' Panama 3s coupon . . . Rid , ini 10.1 92 ; Working Capital Wanted Goinjj concern automobile business consisting of ma-' cliinc shop, paint shop, garage service station, large stock' supplies and parts, most mm. plete plant, with three agcn-l v-icr mi moucratc priced cars in the richest suburban Penn ' sylvania territory of 150 I snuare miles anil (YlfiVl .. 1 ..i' .:.... ,UUUW'! IllctllUll, Annual sales, t500 cars : strv. ti- atnlmn l,ne!i.n,. fr'AAA .- ...u..wj. ui.ajuMs, 90VAWI weekly; uuu active accounts.; Business started m 101? ! with $2."i00 rnnit.il ln,. rated 1915 under Pennsylva-.l nia laws lor luu.Uvjij; corns nion. $50,000; j) ref erred.. $50,000; $46,000 common now paid in out of earnings; $8600 preierrca sold. Will sell $40,000 8 cumiiv lative preferred stock, redeem.,' able in three years at 10S. " Stock is first hen on property ana assets ot corporation uw event ot liquidation. Write A 130, Ledger Office. paiBMM m Bradstreets says: " lack of capital" is a I chief cause of failure IB!!!! m Of the 250,000 ( t corporations in J the United States only ? 60,000 make '' $5,000 a year , and over. For 24 out of the past 27 years, "lack of capital" has been the chief cause of failures but for the past two years it has ranked only third, in spite of the strain on capital caused by the tremendous business of 1916. Part, at least, of this improvement mutt be ascribed to the enormous growth of the practice of turning into immediate cash, dead capital tied up in accounts receivable. Man ufacturers and Wholesalers are thus practi cally adding greatly to their capital by releas ing it from unprofitable employment. 77.1 fo of our customers haveyfrror second credit. 33.4 have had their commercial rat ings increased since they began business with us. 75 of our $35,001,972.59 business in 1916 came from concerns rated $35,000 to $1,000,000. This is certainly very substantial evidence that our customers prosper far be- . yond the average of American business houscsl f - We can help you Increase your volume and reduce yourover head buy cheaper and improve your credit get more working capital and yet avoid add- ing stockholders or-partners ; all by simply giving you immediately about 80 cash for your own capital now tied up in accounts. Why not pay us less for our cash thanthe dis- J count usually offered customers forMffVcash? ,f Don't be skeptical find out If we can ben- efit youl Write us, or our nearest represen ') tative would appreciate a request to call no obligations. ' MMIMll! ' ' Commercial Credit Company Cash Capital $2,250,000. Surplus $300,000- NonNotification Commercial Bankers BALTIMORE Represented at . , FHUABtarim, by Frinlc Batehelor, Bit Stock Exchange Uldg. 'Phone bocuit Sit. Nser Tots..,. Cmcteo Mostov ("iXCtXNlTI.,.. DuTsorr , st. Leon iH-rriLo Atlixta .,...,.,,.,,, 500 Fifth At. 1381 Otii Bldf. , (0 ConfTeM St. 301 Greenwood Bldf. ....7t DarldAVhltney Bldf. ...6!t Boatmrni Bsnk Bldf. .' 9S Elllcott Sq. Bid. .1016 Healey BWf. an Brown Brothers & Co. Fourth and Chestnut Streets ' - ' PHILADELPHIA High-Grade Investment Securltl? Upon request we shall be glad to enter on our raalUn list the nimea of lnatnra .. j..ir n receive rewa Urly mur security offeriB-rs. Inyssttrs' will be furaW4j j: iew .TerV (cants) I Jl.i-lSt!" WKf.t .tT. UsLi :
Significant historical Pennsylvania newspapers