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TS
16
EVENING LEDGER-PHILADELPHIA, WEDNESDAY, MAY 23, 1917
REiLLY, BROCK & CO.
BANKERS
CITY
OF
PHILADELPHIA
SECURITIES
306 CHESTNUT STREET
rmr..ni:t.riii.
War
Income Tax
Wc have prepared a
chart showing how the
proposed Income Tax
Bill reported by the Ways
and Means Committee of
the House of Congress
affects incomes ranging
from $3,000 to $3,000,000.
A copy of Mr. Kitchin't
Report on the War Tax Bill
and of the above chart will
be lent upon request for
Chart PE.117.
The National City
, Company
1421 ChcitnutSt., Philadelphia
Ww York I Iiicago San Francisco
H-ntnn Pittsburgh
.CU.IarRCo.
BANKERS
U.autllali.l 1MIJ
321 Chestnut Street
Philadelphia
Sound Bonds
During the past tcn
years we have taken part
In tho marketing of Pub
lic Utility Issues aggre
gating nearly
$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.
BooWel "J" vn rtuuett.
INCORPORATED
Stock Exchange Bldg,, Philada.
Doiton
New York
LIINFMNElf
& COFJPANY
AUTOMOBILE OANICRS
OlTcr special facilities for In
dividuals ur automobile deal
ers to finance the acquire
ment of pleasure cars, (or
business houses to finance the
acquirement ot commercial
cars or trucks If you are
thinking of purchasing a car
of any kind for any purpose
the FINNEY SYSTEM wilt
make a better business trans
action for you.
REAL ESTATE TRUOT BUILDINQ
PHILADELPHIA
Odd Lots
Stocks Grain
' Unlisted Securities
The unit careful kttentlon given to
mall lots as to thou ot larcer araountl.
HUGHES &DIER
., . J l'lilla. Ktoi-k Kirhante
Uerabera, fhlcaio Hoard of Trade
1435 Walnut Street
' Philadelphia
INTERSTATE OIL & GAS CO.
Twenty-two productna walls In heart.
of Humble fields. Texas,
Information .concerning- present .
MyitBi ana Jurtntr envelopment.
TJtMC CO,
''-Y
FINANCIAL NEWS
COURSE OF STOCKS IN WALL STREET
DETERMINED BY MOVEMENT OF STEEL
After Being Under Pressure, Issue Advances to Price
Equaling High of Last Year, Rest of Market Fol
lowing Reaction Late in Day
NEW YORK, Mny 23.
Nearly nil Hie market npcraltons throtiKliniii the day nn tho Stock I5c1ianrc
tvrro based on the course nf Vnltctl Stales Steol rommnn That stork never
held amrh a pmnnunrcd position ns a teailrr as II does at present, nnd Its
movements .were MIou-thI rlnsely Ural hy the ntlinr steel Industrials, then ly
the roppor stork nntl Inst by the railroads, with tunny nf. tlio speelaltles
trnlllm: nlonR. The stork wn under pressure fur n'few minutes In the .
early trailing, when It ileellneil to I20N. Then ther.- wns nn abrupt turn,
nn ndxnnre starting whleli was tint checked until tin- prlee touched 12i,
equaling the high record ninile nn November 27 Inst
At this price n llnnd nf atnp orders wan reiieheil, nnit the supply from this
source, most I j representing rrnllr.ltiK of profits, i'iukiiI a rpilrk drop to t2flSi
The general list had fnllnwpd flitted States Hteel nn the artxnnru, ami when
the renrtlnn otf-urretl the list nlso receded, the entire tnnrket netlnc nltuot
In unlsnn on IkiIIi ndvnnees nml declines.
The prlee movements included nn advance of 3 points In Republic Iron and
Steel tp Ss, partly based on nn exported Ineiensed dividend distribution.
Aimrnndn moved up to X3N. 'tending ndvnnretl to 1)1 nml twins of I tp 2
points were numerous. Much nf the buying cninn frnm linportnnt banking
interests, but there was nlso n Rcnernl participation by the public, ln"lurtlnR a
speculative element that hncl until a lew dnb tmn lieen nn Important Liotor
In grain tradlnK on the filling" Ilnnril of Trade.
Some if the Industrial lnnds uire stronc during the itn , rtltli Lnrknunnna
Steel ;.s advancing 1 point to 102 Mirivnli Steel r,s Mild at !2V. Analii-Ti enWi
.'.-. Mild nt O.IVi to 1)3. .
SOME STOCKS ARE HIGHER ON CURB,
WHILE OTHERS SELL AT CONCESSIONS
XI3W YORK, Mny 23
There were innny impnitnnt fi.iturrs to tlio trading- on tlie Rrcnd Street
Curb, with some issues making substantial gains, whllo others were In supply
nt dei lining quntntlnns. The eopper stocks, nn a group, were octlo nnd
strong during the' first luilf of the day ns the result of a buying movement
bnscil, to some extent, on the sttcnglh shown In the Bnmo class of stocks on
the Slock lOxolinritfc. Miimnn rose from iS to 4D, liny Herrules sold at -I and
Illg LpiIro was traded in nt 3 to 3V.
A new feature of the trndltiR wns the activity of Air Ileductloti. which on
(be turnover of 5000 hIiiucm rose from 72 to 7B. Trlnnalo nim was also heavily
traded In, with continued accumulation in connection with the ennxolidntloti
plans and with new buylns based on reports that the compnnv Is nirntifdnK to
acquire the rnhersnl forporation. Aftnr openlns at IS. the stock row to 2'fc.
furtlss Acroplnne luhanrccl frnm 2." to 2011, while Wrlcbt-Martln Aircraft
dropped from 7'4 to 0J. Silbmnrlne sold down from S3 to 32 A number
of Independent oil stocks were nctlve und stronn, with Merrill advniiPliiB to
29Vb on news of nn Important strike In the Wyoming fields.
imhthiai.s imh:i'i:mii:vt mi, stock-
Vs. lose
nil Anlwit. (Mali-) ml
Air Iteductlon 72 7S 72 Mlilnest Itef ;in
Am Stores 3XM, 3n 3n Mp' ' c,ro1 '
Am Sumnt-a 3"q-, 3' s"2'' " 'I", iuel , "'
Aetna Explosives 'JTh 3 SU nidalio'iia lief i;
Ain-Ilrltlsb MfB nR'' "'""'"V
Am Man-nnl . 3?i --Vi "Ico n;
ineiieau Writing Paper 3 314 .. Sapulpa Itef nV4
i-nimilian far (' . . 2- 3" Kcquojah f,
fan far & l-'dy pref. . . 0" 70 .. Sinclair 3:114
fhiinn.il Iron Mil n!Ji H14 Victoria o
fiernlft Jlotors !. too OH
framp H3 SO .. MIMSfl STOCKS
furtisi Aeroplane 21 20 .. Alaska Standard 3d
farwi-n Tool . ... 12 I2V4 .. Atlanta m
f .W lion Steel t) loo .. 111k Ledfie 3
i:nieison 1'honoBrnph ,. 71 Hll !i tllsbee Copper (a prosp). 14
I-Vder.il Dyo ... 10 .. .. Duller Copper and Zinc loli
Hnsl.cll ft Uarlter far 3K14 3'1 .. Unite New York I
llcnilee MfK . . . 2H 32 .. fnshboy 7
Kathodton Ilrnnze prcf.. 114 214 .. (Ml h Jerome I jj
I.ako Torpedo Hwat ... 0 lii ! fnn Arizona ji,
I.ehlBh foal Sales .... S3 SH Kinina Consolidated ... l(,
Lima Uh-o 50 fl.t S3 Kirst Nallonal 37
Maxim Munitions 2 2U 2 Hoklllcld Mercer ft '
Mnrlln Arms si kh tlnhincld Consolidated .. 4!
Nat Conduit 319', 35 31'i fjolillleld Klorenee is
.V V Shipbuilding 30 1:1 .. OoMileld Keunnns I-
Nor Amor Pap l'ulp. .. Ill lis 111 (irocn Monster in
litis Klevntor S3 Stl .. Ileela MlnliiB , s'
I'eerlesH Motor 12 It .. lloo Sound 11
Poole Hub 70 so .. Independence Lead 111
Plene Arrow 311 12 .. Jerome Verdn Hi
Ili-dilen Truck IH 111 .. j, uUer 1K
Santa Cecilia SO SO .. Jumbo Extension ' '. ' '. '. '. '. 3;
satita ( 'ecllia pref .15 (is . , Magnate ( 'op hi
Siilpps-IJootli "(I III .. McKlnley KarrnBh .... 5n
S S IsiesBe iv 1 Ill II . . MaKma opper tH
Sled AIIoh i!14 1 .. Mother l.ode -j
Submailiie 32 3SV, 33 Mines .'o of America .. nj
St Jnscpli Lead IK 1K14 isii Nevada Hills "3
Todd .Shliiliulldinc . . . S3 4 hi! 83 Nmada Wonder " "114
TriaiiKlo l-'llin Il It, in-, NiiSHnB "" ,s
Inlti-d Profit Sharlnn . l'i .. na Hercules an;
f S Steamship It .-,((, 3 San Toy " u
I lilted Motors am 31"!, 31114 Stowarl ..f
t'nited SiiBur 3(l",l 3014 .. Tonopah Extension '.'.'.'." 21;
World Kllm ', ', United Verde 3:11
Wrlcht-Muitln Air flU 0', ?V4 West End Con nn
Zim- Concent !, s 2i; White Daks 314,
STXMiAHIl OH. STOCKS . White fnps Iii
Illinois 217 222 220 VerlnKlon .. SJ
l,bi" 303 372 . IIOMI.S
i,,nr'."n!irP!-i',' !1 -;' ''"', American Smelters Cs. . pit
s ,1 v"'':t IV- IV, .: Atlanta f hartotte 5s . . . 3
s vu. vori? "'.' ,Vf fl-'3 Bethlehem Cs s
so.NewlorU 28J 301 .. ,.osde oil Cs Ion
imii;i'i:mii:.nt on, stocks rosUcn & Co cs on
Harnett Oil St das 2, 2, 37; fudahy 5s !1
fosden HI I2U 1211 I2'l Erio 6s IJ
o-den & Co I2U 121; 1211 New Haen os oily,
Elk Ilasln 1114 ii:j, iii, rtusslan Uov 5'ss . . . . ;i
l-'fder.il Oil fti4 sa-, 31,4 do fiijs 83
lnt.-r Petrol 13 1114 usij, Southern Itnlluny 5s . J
llouhton oil 22 23 23 Todd Shipbuilding 0s. tut
Merritl Oil SOU 201, SKli New Yolk State 4s .. ..103
YfM I lot
Aakrtl (S:t
110
IV4
t!)
I"T
mi
i
31
10
33
II
311
111
8
Sll
23
14
I ,
HK.
Oil
II
Mil
3(1
80
33
10
20
ir.
.1(1
111
711
3 !
13
f.
2JI
IH
(M
i'.4
33
01
117
!(.
inj
inn
loo
07 14
07-
70
H7
07 A
10J
10(1
10H
0
',4
r
33)1
1(1
30
10
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iV.
-in
I ft
3
38
87
IHH
27
711
sai
12
A
3Ti
37 14
r,n
ii'i
3j
70
87
NEW YORK BOND SALES 1
tinoo Ainer Viir itfb la
ooouo Aniilu Krrni n :
1 JlKlil Aim r Kor S.-t ra
ltiniin Am. r T.I :.
.-iinii viilt Writ Cup s .
.Minn Ann Arlmr 4 . .
Oiin'l Armour ( n Vt a
"iihi Ati hlHon 4a . .
i.niiii ,11! iv la. ...
L'i ii l lo i la 10H0 . .
Minn Dull & unto S'-in . . ,
7nnn do fih . . . , .
limn do -a
i moo iin a ma
limn Hrku Up Tr .ta huh.
Ilish
UM'a
OC.
II.',
II s
t'j
113
'll's
llljl
10J
I'll'i
. im'si
. nn.
. K7
h-i
ti
Low 3pm
ln."a lii-'H
IHTa 04'
.nun I- O l.t A of l.ill 3a 1112
Jlniiii I'u, i lini , lll-l
Hi In r. 1UJ1
(JUKI I 'Hi (laa & I'lcr '"
2no'l Ciinaili Snutti &a
1 1 (! Onl I-alliir lid .'
IMiiin- Chill Cornier 7a
71111(1 Chen & llhlu (V 4MB
liiinii do Pi a
11(1011 ilu iiuiv 5a ,
riiino Chi A i;jt III it 4b.
kiiiiii Chi 11) a Co 3n
llldiio i'hl 11 Q ri-K la
.111(10 C Jl Ht P kpii 4.
It.'nnil -In rfd 1-ia new
tfillljll do I v Tim
Riiiiii Chi II I 4 1' rfd 4a. .
."ilinn (to ono ata 3a . ,
AJ(MI(I do 4a
Kind Col Influx rial r.a..
.'.noil city of Purla Ha -.
MMHI Coll lias tony Oh
MHin llcl & Hud rfil 4a
lnnnn Den Itlo (Ir rfd 5a.
07 S
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us v.
ss
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HIS
on
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lliC-j
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mm
'.'linn Det Kdlaon 4(1 1k Sa.inn
inoil Ilia Kecur Corp Ra ... (10
llino l:rle rv 4a Her A . 33
3111111 clu cv 4a Her II . r. 4l4
1IIOII do cv 4a Her II llxI
r.ono do 4 . 7S
Minn Krench Ileph 314 a . fUi
llioo III Hteel deb 4Va . WHi
3linn 111 Cent rfd 4a R.".'.i
1118)0 Interli Met 4Mja il'.'
miiKi Japaneae new O H 4Vi 80
lnnnn Uirka Hteel 3a 11123 . 1111
liKOno do 3a 1030 . . 102
inno Ijicledo Oaa let r,a...lllil
Rnon I.k Hh deb 4s 1031 . DOS
Soon Irlllard f.a OO'i
li.Mj
1'sH
s7h
i.
in .
tin
I".'
Uil4
mil,
w,
87
Ml
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102
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03.
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11)11
mi'i
123', 12Vt 123S,
in
Ml
87U
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s7
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u.m;
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Ml', 811
87. 87't
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87 87
811 83S
US'. 08
711 711
US', tixt
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. II III
ins
itt
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38
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inn
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imi;
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2i 112'i
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101 ini
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inn inn
nn i on;
0H 004
IIIVIIIRMI.1
OKFICK OF
TIIK V. II. 111. 1ST en'll'ANY
UM TITI.K IIUII.DI.MI
I'hlladelphla. 1'a , May 22, 1917.
The Directors of Krerporl Oaa Company have
this day declared n resular quarterly dividend
ot one and one-lialt per cent (II 50 per ahare) on
th preferred atock of the Company outatandtns.
payable Juna 1. HUT, to holders of aald atock
ot record at the cloae of bualneas thla date.
Checks will be mnlled.
C If. WEAK, gecratary.'
TliK amkHTuan UAS COM I' ANY
104 Market Street.
, Camden. N. J.. May 1J, HIT.
A diurtarly dlrldand of S per tent, or W.0Q
ar ai has been declared oa tn capital
1t l ejoeriiaisil), M. jfyiassarar.
lltsh. Low. 3pm
os Hi un
Ins ins ins
-so 80 mi
HS 8H S8
'-' tJ2'4 02H
Hl't llll'i llli,
imja 03 uilij
ldlS 1014 11131,
7IHt TiiiJ Tin'
ln. Kin ion:
87 87 H7
80 4 8lH MM.
4nno City of Murals (la
2IMHI Jlex p,t Co IU Her C
201111 Minn A .si 1, la.
101111 Minn K1P8S M 4
('ion Mtdinle Hind 3a
4li-.'3ilil Mo Cac i- I la
4IHM Alontiina Power 3i
JiiOd N Y Air HrMo rX I).
,300(1 N Y C i II 3V4a. .
3I1.MKI do Ba
IU1O1I do 4a
nono do m, ..
to.. n, . .. . .1.. ..
'boon -do ..fno-r.ioo; l!!!!i? ,00
liijiiiii v v ti.... ' ". ! "'
filooii North i'u 3a'. '".'.' " ii-'i, n'
.'noil fire Shod lino 5s nil 10I
1000 I'arllV tVI 5a . ..lis lis
09U0O l'tlina sen it 4Hs .. !iil. mil,
00(10 Pub Kitv N J 5 ... 87V4 87lJ
loo,' J'er- .M.rouette 5a .. 88 5sil
i'1 J-eaOlns sen 4 0114 on,
, teadlns-Jer Cent 4.1. . loiJ 1,1, 1?
111100 Hep I He H 1, .. . .molS innii
" J! l SJII Hpse Sa 1021. InoC Inn'i
200(1 ht I. I M 4 8 5a .. 117 07
liooo Ht I. & H V Ser A 4a. . mis 11114
a.r-.. ! t.-rf- 1 tin, ,
snno st I. Hivn 3a . . .
'.'(inn Houth Moll Ba ...
124(1(10 Houth Par cv 4a..
inno do rfd 4a
073(1(1 do t Ba
1000 Houth Itwy 4a ..
10(10 Third Ae 4s
100(1 If K Mexico 4a ..
4inno U'H rtuliber at Ba.
ooro do (la . ...
211(1011 V K (Heel 8 F Ba.
r.(ini Union 1'ai- lat im
23500 do cv 4a
1000 l'n Itwja H V 4a
1 1000 I! K of U II & I Ba.. .
31000 do 314 b 1H18
atooo do 5is 10111 new.
looon do Slia 1010
311000 do Bli, 1021 ..
4000 Vh Itwya Ba
8000 Weat lfleo B
1000 Weat K M Ba. . .
Ol'i
ns
(W-4
111'.
08
82
04
07 '4
(id'
411
.. ni
. . 08
.. 81
. . l
. . 40
. . 871i
. .101. lo
. .10414 104
. . 11 HI
. . 8814 8714
. . 34 34
. . 07H H7S
lill"4 IllISi
8flH
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101
lis
!ll.,
87 li
014
100',
!oo
117
r,04,
78,
111',
118
h2
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81
or, '',
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03
871,
34
7.
II'IS
111)', llll'i lists,
Hill' ..It-' a...-.
nit";
nn
nn
.loo1
.ion
nnu
03'4
113
It z
on
im
i)(l
iinii;
lOOli
Cotton nuyers and Sellers
.VKW VOItK. May 2S. July Clearman,
Itountree, MclCnany nnd McGea bid; Hy.
man, Hubbard, Jr, and Ingersoll offered
August Kelffer bid; Rosenberg and
Henti offered.
October A. BrAham. Jay Holmes and
Uall street brokers bid; McEnany, rtoyce.
. Hubbard, Lehman, Itountree, McKadden,
Hcoklns, Stack and Cone offered.
December Cone bid; Downs, Ingersoll,
Lowensteln and Hicks offered.
January Mitchell, vnison, McFadden,
Wells and Jay bid; McEnany. Parrott.
i-owenatelri. Montifomery and Wilson of.'
VaJeth-t-KaMfer bli!LJIenix tnel Hart Jn
"J.
New York Stock Sales
HUh
31
27,
84 Ti.
(lis.
m
111"-!
1ST-
Net
ChRe
Alnska Juneau
APIs f haliners
do pfd
Am AKr fhm.
Am Ileet SiiKnr
do pfd
Am fan
do pfd
Am far & Kily fo 71'fc
do pref ... 110
Am Cotton nil ... iPi
Am Hide A l.enth. 1311
do pref 03 "h
Am I.lnsood . . .2111
do prcf .. 3811
Am Locomotive. . "! I ".,
Am Smeltlni? . .
do prcf
dn pref A
Am Steel Kdry
Am Sugar .
do pr
Am Tel ft Tej
m Tobacco ' .
do pr now .
m Wool
do pr . .
Am Writ Pa pr
Am Zinc ft Lead
do pr ....
Anncomln
Atchison
do prcf
At Coast Line .
At a & w 1 .
do prof .
Baldwin Lnc fo
do prcf
Halt ft Ohio ...
Hiitnpllnn Mln . . .
Iletli Steel
do II
llronk 11 T . . .
Burns Bros . . .
Butto ft Sup fop.
( Ml Petroleum
do pfd
(Mnadlan Pnc
Centrnl Lent her . .
ferro do Pnsco
''handler Motors ,
f liesn ft (ililo . . .
fhln (It West pr
f lileaiio M & St I
do pref Il31i
"'lilts ft Norl!rocst.ll3!i
',
l,nw Cioe
314 314
JH 20 lMi
8111 811, 11
0314 01 1"
01 0114
OI3'l 01l t-Hl
1011 17 I
103 I0V7 ltlJ, t Yl
7014 70'X, is
no 110
4I'4 414 '.
I2T4 KTfc .-
Ill 01 4 '-i
2111 2I4
soil sv
OMl 70V
lOMi 103 10311
112 112 112
OH'i IflVn 08
Iinii 01 0311
IliiH 10014 10014 yh
U014 11014 11014 I
I22, 12114 W
1 11,1 10.1 101 1
I11314 10114 10314 2
32 1. M4. Sl'fc IH
117 07 05 4
II 41 4-1
33 33 ,l
0114 0314 V4
8211 Vl
10114 iot'4 Vii
0714 0714 fl
III 111
1(1014 10314 101 V4
nil. nil- ni H
01 30 30 -1,
iiuiis, ioni(, ion
71 70 701, t '4
Hi l'i, I'fc 4 Id
130 138 138 . . .
13214 130 131 14
OOli soa, Silt 1
111 0114 .
11;. 11
2011 ISOli
SI .1114
(1(1 1001,4,
on no 1
3014 371
. ti .
. 33
83
10211
0714
III
till
1314
2111
fl'4
101 II
0211
3?U
on
so 14
337
7 1 -ll
chile Copper
f hlno Con fop . ,
Col Kuel ft Imn. .
Col Cns ft Elec. . ,
Col ft South ....
do 1st pref
Consol CJos . .
Com Can . ,
('otn Product- . .
do pfd
Crucible Steel . .
Cub.i Am Sufiar.
Cuba Cane Sugar.
do pfd . . . .
Deero ("o pfd
Hcl ft Hudson. . ,
1) L ft W . ...
Iietiver ft It f I
do pfd
Homo Mines . . . .
DlMIUcrs Secur . .
I) S S ft At pref
Erie
do 1st pref. .
do 2d pref . . .
fi.lston Williams
flcu Elec fo
(Ii'fietal- Motors
do pref .
Cirauhy .Mining
f.teat North prcf 107 1
fit Nor (Ire subs 31'
80
.18 II
33 '4
7.114
113
112
2214
SdTi.
.12
10 13
2.1
S3
107
iis-Ji
211 '.,
Ill
70
18.1
13
III 14
118
IIS
2 IS
!l
III
nil
toil
8
SITi.
3714
20
31 U
11; or, 1.10
101 Hl'14
88 88
83 83
Klll'l'l
31
1
23
S8H
SI
llli
20
.1,1
108
III
2711
toll,
7214
1H1
1114
0114
08!)i
110
21.1
!l
20
nil
18
8
2.1
38
III 14
31
8 'I
.1811
:i314 4 '.4
7311 VI
1131, . 1,
I 12 's
2214
.17 -- 14
.12
to 14 1
2.1
.11 . 5
10711 l'i
0314 '.4
2014 . V,
101 K. U.
10
18.1
1311
!l 1 14
osa,
11.1
2 1 .1
0
10
1111
17
8
-4
11
21 11
3714 14
Oreene fun fop t.1 'Mi,
(Jlllf State Steel. I2C. (,
Illinois Central . lni lo
Int AktIiuI 21 21
do ptef .12 ,12
Inspiration Cop O'.'s 111
do pref . 3714 3014
Int ll.irv of N J 113 113
Int Mer Marine . 28 371,5,
do pief 8 Hi 111 J,
Intend Caper .. :ia 38ia
do pi -f et 1)01, !(iy,
lilt Nlikfl .. I in, 10
Kansas fllv South 2 Hi 2l!j
do pii'f Sin 3114
Kelly Sprlnglliild . 31 33
Kenne fopper .. 1714 111'..
Ijicka Slecl 117 u.iij,
LelilKh Vallev . . 113a-, (131-,
Lee Hub ft Tito . 18 18
Mnnliat El 118 118
Manlmt Shirt . . .08 lis
Max Motor . ... ni'i, isi,
do 1st pref . . (in n.114
do 2d pief . 31 30 if.
May Dep Stor pf Inn inn
Mex Petrol ... 11114 01
do pref . . !i in
Miami Con Cup 11 m-j,
Jiinn ft st I. new 18 171,
2
31
1011
101 Vi
88
83
11111
31
11
Mil ISBVi
1411
2
' '4
11
t
lit
2T,
1 I
t-
31
II 1 11
.17
113
27
80 -f
30
001, . .
11 -- "h
2I'V "- 'j
.1 1 '4 -314
33 f 3
(l, t,
01Vi ,
0311 11
18
118
08
18 ',
11.1 14
ni
28
.18
102
II.'
37
SOI,
M S P ft S St .11
Mldvalc Steel
Mo Pan w I
do full paid . . .
Mont Power .. .
National Biscuit . .
Nnt Enam & Stpd.
National Lead . .
do pr
Noindn Con fop.
N V Air Brake
New Ym k Cent . .
N Y N H ft II . .
N Y Ont ft West .
Norf ft West . .
Northern PacWo
Ohio fins
Ontario Slhcr .
Pacific Mail . .
Pan Am Pet pfd
retina II R
Pen Gas & C. . .
Pcro Mnrquetlo w I I8I4
Phlla fo 3sy,
r n f ft st l 73
I'llts ft Webt 27
do pref 0314
Pitts Coal ctfs... 18
I'lessed Steel Car. 701a
do pref 102
Pullman I'nl Car. .115
By Steel Spring. . 53
Bay fon Copper .
Beading
Bep Ir ft Steel..
do pref
Boyal Dutch
Saxon Motors . . . .
St I, S F
do pref
St L ft Southwest. 2814
Sinclair Oil ss
Seaboard A L prcf. 27
I
1 114
-
I VI
t-l
30
100
01 . . .
01
4 (IV,
I74
1
- Vi
10314 101 14 10.114 4 1
02
02
2711
17
00
111
3.114
soil
109 100 11111
2 3 Mi
130
01 i4
30
271',
.18
00
112
33
301',
4
4- 11
1
14
t-
118
on
30
3
ll.'l
0014
371, 114
4 1!
123
1 0.1
13814
0
. 21
. !
32
. II
102
V4
4-
13014 13011 I
30
0111
881,
0311
01
30
17",
28
0
33 V,
0!
321',
7.'
181,
33!.
72 li
27
03
I7I4
75
in;
111
52
30
on
8311
4 2
A
21
01
S2-1
73 3
1814 1
331', h
73 4-7
i7
03
17
7.1 - I
I0. 4- 1
111
S2 4-
30
01 4-
0714 4-1
101 Vi 10.111 114
ni fit 14,
38 38
- 1714 4- li
28 28 1
2814 "814
"I 51 ...
27 . 21 4. ,,
Sears Boebuck . .. 10014 ,105 fc inoil ii.
(Ikntlnnl. ,.l A- .. . 'I
Shattuck ArlZj ... 27 2
siosK-sneir sti ft i nun rj
Southern Pacific . 03 03
Southern It It.... 2014 2.1
do pref B.1 .1.1
Superior Steel .. 481', 4fl!i
Studebaker 821', 8014
Tenn Cop ft Chem. 17 IflVl
Texas ft raclfic. . . 1514 isy,
Texns Company .215 212
Third Ave B II.. 21 my,
Tobacco Product!) . 81 53
Trans ft Williams 11 44
Underwood Type C 00 nnik
Vn H ft Pap new. 80 78
Union Pacific .. .137 130
United Alloy Steel 4.1 41
Unit Cigar Stores loo 100
United Fruit ....138 130
United By Inv pf. IB 10
U S CaBt Ir P & Fo 2 1 21
U S Ind Alcohol.. 132 1201, 11.
U S Bubber 57 30 67 '-i."v.
do 1st pref .. 103 101 10114 n"
50 38 6a . t.
7 4-
.1.114 4- 1',
03
30 y,
35 r
46 lVj
81 l4
10 I-,
is'4 4- y,
213 111
1011 V,
IS"', -I-
U'H.
00 1
80 114
130
11
100 14
137 4-
10
21 11
U S Smelt ft Ref.
U s Steel" HOW 12 is7y , ?
00 iref 118 il iu . H
8
It
7li
5
18
Utah Copper
Utah Sea Corp' . .
Va Car Chem . . .
Vulcan Detlnnlng,
Wabash
do pref A
do pref B . . . .
West Maryland .
Westlnghouso Mfg 54
west cao u it... 17
Worth Turn & Mch 31
do pref A . .... 03
do prcf B . .... 3d .
Wheel & L B.,.. Hit
White Motors .... 45
Willy Overland , , 28
Ao -arf .,...., 08 ,
Wis Cefltral .,.. MM
Wlltoa . 51
115 114 114
... '.:: -
i yw
Money Is Ammunition
Shnot yours into the Liberty Loan.
They nro ns sound ns the Bold
that comes from tho United
States Mint.
Food Is Fighting Fuel
And the money you invest will help
buy food for the men who will
represent this country In the
victories for democracy.
BUY A BOND
LONDON STOCK MAHKET
Business Is Fairly Brisk nnd Prices
Generally Firm
LONDON", May 23 fiperatlons In secu
rities nn the stock exchange were fairly
brisk today, with specialties good The
markets generally were firm
Although dealings In the gllt-cdged sec
tion were) confined to narrow limits the
group was harder Tlio war loan were In
demand The revenue of United Kingdom
for (tin ek wns 8.S3fi,ono and the ex
pendlturn f34.S20.000
outstanding treasury hills increased 11.
370.000. Sales of exchequer bond" were
3.013,000 Temporary ndianccs from the
Bank of England uere 7.R70,nOO
Allied bunds were strong, helped by the
speech of French Premier lllhnlt In the
fh.imhoi .if Iwputies Biisslan descriptions
were the leailiiw The Brazilian bonds nlso
'io bought
Mines were Inactive Fears of libnr
trouble nt the Band unsettled Kaffirs
The merlcaii department was main
tained Home lines were quiet nnd mixed.
Rubber, and oils linproxed In spots
MONKV-LENDING KATES
M,l volt It -fall money opened at 2'6
per 1 ent fur lending nnd renewing.
The market for time money, In contrast
to the lln.inolnl condition recently reported
at the larger western financial centers
shows n continued casing tendency. Tho
only nuotnhlo reduction here was of 14 per
rent in the bid and asked figures for four
months to 1 4,4 ff 4 a per cent on good mlxco
Stock Exchange collateral.
Other quotations were -lift 4 ',4 per cent for
sixty days, 4 U 1F1 4 14 per cent for ninety
days and lawij per cent for flo and
nix months
I'rlnip bank acceptance! nro still run
ning slow nt unchanged quotations of !-,
per rem tor ineiigiiiies and ST-tCii
3
3 1-1C for ollglbrcH.
I'llll.Alini.l'IIIA fail, 1 pcr cent
Timo, 4'dO pci cent. Commercial paper,
three to six months, 4141ft! per cent.
Hcmtic Hanks' Discount Hates
10. or Over 10 Oxer .10 Over Co
less, up to 30 UP to 00 up to !IU
1 ?' ! !
4
4
414
4!n
4
414
4'i
4
l'i
Tom.
n DO modlly
3V4
Hasten
New York
I'hlladelphla
cle-eland
llli hmond
Atlantu
f lilrnuo
HI I.OUlK
Mlnm-npn'ia
Kan-US City
l-aiias
Kan i'rnnrlsco. 3
Asrlrul
Over do
nosion . . n
New York . . .
Philadelphia .
Cleveland . . .
lllrhmond . . .
Atlanta . .
fhlcaco
St. l.ouls .
.Mlnrie-trioila
Ksnsas city. .
Dallas .
b'an l'rnnclsco
I'll to thirty days: over thlrti to slxtv.
rent iiv in ninety. 44 per cent, over ninety
3 . I 4
3'i 4 4 '4
I I
3 '' f
U ?8 ?U
1 1
3'4
Trade n ceentn nee
ITp tn.BU Up to I
314 31
0 .'11 31,
14 3 ,'lj
0 3I5 1
414 Mi 3!4
J 35 ajJ
1 a' :tt
114 3 31?
5 3'4 a;
n 4 4
3$ ait 3
1
3'4
3
3i
4
a
314
4 per
FOREIGN EXCHANGE
NEW YORK. .May 23 The foieign ex
change business was on a moderate scale
today and then, was, little or no feature
aside from wide range nf ruble quotations
ns furnished by some of the larger In
tel national hanking linticH,
Quotations were-
Demand sterling I "5 0-lfi, cables 1.70 7-10,
sUH-day bills nominally 4 72', 4, ninety-day
bills. 4.70.
Franc cables 5 72'i, checks 5 7314.
Lire cables 7 00i,, checks, 7.01 '4?
Swiss cables r, OS, checks COD.
(lullder cables 41. checks 41'J.
Pesetas, cables 22.15. checks 21 03.
Bubles cables 27 SO, checks 27.00.
Stockholm cables 30 10, checks 20.90.
f hrinttnnlR cables 29.4.1, checks 29.2.1
Copenhagen cables 28 80, checks 28. GO.
RANK CLEARINGS
tlank rlarlnca today mmpared with rorr.
urondlns day taut two 'ears
11117 1010 till
4(l 301 ll'l.l 31 157 438 J-.'ll.11j :,0v
50 770 75S lll.mn.127 '.'11.71 I '77
013,211.7.13 .1311.71 J,I4'I 3'll.MUo'lA
. 77.8.111 337 r..471tMl 40.724 107
. 0,511.311.' II llnn.223 4 174 -ini
. 10.(131.11(11 I5 312.291 12II88.M
il( aton . .
Philadelphia
N.--V Vorlc
CIllenKO
llaltlmoro
SI. Loul-..
13
8
12
4714
21
18
33
17
304
03
43
15
87
V
12
W
31 -
I ... .
53 Ifc
17 y
31 1
OS v,
1
48 4
t8 l.
hMll
Steel Alloys
Barnett Oil & Gas Co.
Vouoht Sofii Ouotrd
E. H. CLARKE
Morton R. Alexander
(Resident rnrtnerl
... .. ,1 hone 1110 hprure
Mock I.irhnnte Hide. riilln I'a
New York
Scranton, Pa.
27 William Ht
Newark. N J.
The Significance
of Mining News
Will be more fully appre
ciated if you know the
meaning of such words as:
"Mill Run"
"Classifier"
"Churn Drill"
"Gravity Slamp"
''Ore Shools"
"Conglomerate"
Then, what seemed to you
dry technical statements
will take on a new meaning.
Mining and
Milling Terms
n booklet Just published de
fines these and about 200
other words and expressions
frequently used In the do
scrlptlon of mining prop,
crtles. and operations. You
should read It
Send for Booklet 354.T.U.
JONES & BAKER
STOCK llllOKEns
Widener BIdg., Philadelphia
.Cell. Walnut 1600-1.
Keatonii, liace Si'OO.
New York Bo.ton
ChlcBBO rilUburth
Direct I'rtal ivlr.
J0NBS & BAKEJt,
Widener H'd0.,.rJil'oi-,pMo, jo.
You rosy send m your boak'et 88t-T,U.
Ham , .,..,,,,.,
&!" "",'Vi'...i....i,
RAINS HELP WINTER
WHEAT IN UNITED STATES
Plants Hcndinff ns Far North ns Ten
nessee, Says Government
Weekly Report
WASHINGTON". May 23 -The vttn
ment weekly weather report :''"? '"
Texns, Oklahoma nnd tho eastern bait of
Kansas were beneficial to winter wheat nnd
good progress wns made in the growth or
thai crop Some lmproement was mane in
other sections, particularly In the northern
portions of the winter wheat States.
Plants are heading as far north as Ten
nesfee. southern Kansas nnd Missouri, al
though heading Is -low In most sections
While the Mrnw Is short the heads arc re
ported to be well filled In Mls'lsilppl nnd
South Carolina ,
Plants are stoollng nicely In Iowa Seed
ing of spring whent was virtually com
pleted Weather wns favorable for germina
tion nnd growth of plant, and this crop Is in
a ery promising "position In most districts,
although somewhat late In some sections of
the West
Generous rnln fell In central and northern
Texas. Oklahoma nnd In parts of Arkansas,
Wet Tennessee nnd northern Mississippi.
Higher temperature prevailed olso nnd to
gether with the rainfall produced conditions
favorable for the growth of cotton In most
of tho western cotton belt
The drought was broken In southwestern
Oklahoma nnd the top soil wns put In good
condition for planting. Planting continued
In western Texas, although rainfall wns
not sulllclenl for crop needs In that section
nf the Stnte
Thorn was considerable crop Improvement
In Arkansas Higher temperatures were
fninrable to colton from the Mississippi
Valley eastward, but general lack of rain
fall was detrimental ,
Beports from North Carolina Indicate It
Is not possible to determine full effect of
recent cold weather on cotton until rnln
occurs, but that retardation of crop was
serious.
Financial Briefs
The New York suhtrcasury gained $191,
noo from the banks yesterday, making a
cash net gain since Filday of J 1,053,000.
The Massachusetts Public Servlco Com
mission has approved nn Issue of thlrty
venr ti per cent bonds of tho West End
Street Hallway Company, of Boston, to nn
amount not to exceed nt par $1,581,000. Tho
new Issue will refund a. similar amount of
bonds maturing August 1, 1917.
Gms earnings of tho Interborough Bnpld
Transit Company for April was $3,521,020,
on Increase of $277,090 over April of List
year, while the net was $1,827,001, a de
crease of $12,200. For' ten months tho gross
was $33,097,112, a gain of $3,30 1, COS and
Iho net Increased, $889,402 to $17,038, S33.
The total operating lovenue of the New
York Telephone Company for February was
$r,,C07,fi19, an Increao of $581,423 over
February, 1910. The net gained $214,939
to $1,727,750.
DIVIDENDS "DECLARED
I'rffport fiaa ompany. regular quarterly tf
I1 irf-r cent on tho prferrei stock, payable
Junr 1 to Mock of record May 22
American Oraphnphone Company, resular
quarterly .tii.len. of per cent on the rom
mnn Mock. paabl July 2 to utork of record
June ir t
Lndrile f..i I.jRhl Company, regular quarterly
nf per cent on the rommnn Mock and regular
pf-inlanuun! of 2'a per tent on the preferred.
pa.iljto June 1.. to tork of record Juno 1
WorthlnKton Pump, regular quarterly of
per ent on cIhbh "A preferred Mock, pa j able
Julv 2 to Mock of record June 22
t'onsolldited InterMate Callahan Mining Com
pany, quarlt rl of $1 a Miare. puMtble June 3d
to Mork of record Juno !..
Itorhester Hallway nnd Light Compan. regu
lar quarterly of 1' per cent on the preferred
Mock. paabl June 1 a registered May 2.
HoMon and Lowell Uallroad Compan, regular
semiannual of 1 per ent. pajabje July 2 to
m.im k of record Mav 2-.
dilon Carbide Company usual quarterly of
2 i r cnt. pavable Julv 2
Chandler Motor Car Company, regular quar
terly of 2 per 'Hit and usual extra rilxHend nf
1 per cent. jiiMiMe July 1 to Mock of record
Juni in
close Two Illinois State Hanks
CHICAGO, May 23 Tho Auburn State
Hank, with a capital of J200.0HO and de
posits of $500,000, and the Morgan Park
State Hank hae been closed by the State
Auditor
SECURITIES AT AUCTIfw"
Oermaiitown Trust Company a.-Vv
vnnced 10'1 liolnts nw... ii. . " li
sale nt the Barnes & Lodand auM?.'
of securities today, Common J-.,.L01I .
advanced 2 points. 'The PhllkdVlphi.
mny mr inxuiunccs on Lives and ni. ""-3l
Annuities changed hands 17 pSlnu i"1-!
aim i-niianeipnia .Nntlonal nt a ria.il i "M
10 points. a d'c'ln tfj
Promlaor- note for $300 jeoh t- i
m-r to r. Nel-on Slsrtln Ent.;.f'f"
Judament for 170.1 85. ind 1400 ,..
paid nn nrcoiint. .. "' efn
" 111 J
niOL'KS ' Jk
f .v.- r-MMA..i.i ... 'i-
110 -mane Co i B,r
37S shrs. Conneiutind hrl. Traction rj.'
23 ahrs nemrirandt rJulldlnK .nd vJH1' M I
Assoelat on Flrsl s,,,f, rf.'",,'!".'' 1
shares No 04 for 10 VnarS? or.lll
2.1 shrs East rhllidelphia Dulldin. t
I.on.Aoclatlon. rirat iirii.' J
tincate No 17 for i'R aha... -'
Bahrs Ilersner i Knr.l B&ZnSP
preferred, rsr 1100 """ Co.
1 'hrAr.nr?aB?,V.tt,eka A"d'""V of Fir,;""
20 ahra Oermantown Truat Cn ,.. .ill till
201.11-100 ahra American tar." M'
Manufacturlni Co nrafJliM"'-'
freferi'ed'i
icierrea, ..
n "st'ttimi rn n.....-.-..- 11
lerrpni
1(9
0U . . .
.10 shrs John
par iuu
3 hr Farmers and Mchnlr- VV.
iionai uank, par lino " i
sr"h"arFtlJoroh. Slr"' N'a,,oni nv,1MH
2 ahrs "Irani N'atlonal Hank Plr iiA '
3 "hrsIlatboro National nank "S2r "
shrsjoPhlladelphla National Punk f ''
11 shra rhllade'lrhift National nnk car '"
10 ahra Commonwealth Title Injur.,- "
.. . and Trust Co , nar J100 nu'ne
SS shrs. Contlnentnl-Equitable Trust Co i5'
,0"hr"mf,ucoan,rVl'oo, Rl" IH-"
IS shm rnrnvlifln:.i t f t 131
I.U.s and Orantini Ann .r,
tn Pro-idem U(,
10 rights tn aubscrlhn to rtmMim i ... '"
nntl Truat Co 8 lino ,,,
21 rlshts In aubacrlb" tn Proitd.nl in.1
and Trust Co. Jlno '" ' ,..
.I rlirhlM In ,(h,.rlh. n TT... n. ov9
proverncnt Co "" u" ' L-iJ!
c-.., t,n... ,,. pui.c-wiuT- io i ni(-a lias lm.
rroiement Co ra ,,
IRehrs tTnlted Security T.if. innur.,.. "i
. "nI.,ru!t Co. ear Sinn " ,u
3 ahrs I Jr Aasorlntlon of Phllad.bhla
par ISO (new atcck), . . p ...
a shrs. nirard I.lfo Inirnne Co par "
20 ahrs. Philadelphia Llf'o Insuranc rv. "I
par in .. " -- ,.tf
10 ahra Pcranton Life Insurance Co par
4 shr. Sc'r'aritori Life Insufanra Co par '"-j
2 ahra. Phlladelnhlii and T-.n... n.n "H
mriA r- . ..n.. linn .u-
10 thrs Atlantic ' Cltv steel Plr Co
Atlantic City. N J par 1100 0c
nar SI no
141 rlEhts tn subsrilh.
nnd Trust Co (if Jinn
nONDS
!0
11000 rhllsdelphla nnltlmore nnd Wain
Ington Railroad Co 4 per rent
First niorteace Coupons May
nnd November Due 1011 a-a
1000 Lehlsh Vallev rtnllrond Co r
cent Consolidated mortaare in.
terest June and Derember R.
Istered Hue IQI'3 jjj
Little Journeys in
Generosity No. 2
Thoro Is Just one sure ivay to be hppj
and that Is to tnnke others happy
. Making others happy does not alwayi
menn giving them pleasure, howeier.
it may mean helping them to bear riln
and that Is the "hospital way'' of
happlfylng people.
In this flno way every Philadelphia
hospital is helping to make two sets ot
people happy the ones who glie
through them and the ones who receive
through them.
This is especially true of the Charity
Hospital of tho City of Philadelphia.
1731 Vine street, for It cares for and
relieves the poor who can't do for them
selves. Just now this nospltal which never
charges any one for any service
needs new window screens They will
cost a couple of hundred dollars and
every one knows how necessary tker
are for sick persons
If you feel It wouTVbe a good najrto
lnest some of your money, before jga
forget this need send a check or money
order to 'Drexel & Co, Philadelphia,
asking that It be used for screens In
this hospital which has been a real
refuge In time of pain and sufferlti
ever since 1861
Look for Little Journey- 'o. 3 nut
Wednesdny.
This advertisement Is paid for by a
I'hlladelphla miller.
showing how easy it
is to get $8,000
"1
M
If you sell us,
within a year
$100,000
accounts aver
aging paid in 30
days, it will cost
you only 1 fc
flat.
SUllExattlilllN
BUI!
Simply sell us about $10,000 of your active
accounts receivable. To do this it is only
necessary to furnish us with a copy of your
financial statement, arrange agreement with
us warranting the accounts, send us duplicate
invoices and shipping evidence.
We immediately advance about $8,000
(exact amount depends on your sale terms)
upon receipt of the above papers. We let
vou collect the accounts and thus avoid noti
fying your customers.
If sixty days after our purchase one cui
tomer pays you $1,000, we send you the ap
proximately $200 withheld balance immedi
ately upon receipt of the check, after first
deducting our charge, which is only 130 of
" 5?ri&'.!P,us additional flat charge of $S
per $1,000 if you sell us less than $100,000
within a year).
Could anything be simpler? And it's just
as easy to get $80,000 as it is to get $8,000.
By our plan you can place your sales prac
tically on an 80 cash basis. It is needless
to point out how much more business you can
do, what additional profits you can make,
and how you can improve your credit.
Why not sample our plan now? If it does
n?t. sa"sy. you can discontinue at any time,
without having disturbed your customers or
business connections.
BffllfWlMlltll
Commercial Credit Company
Cash Capital $2,250,000. Surplus $300,000
Non-Notification Commercial Banker!
BALTIMORE
Represented at
mi B??i','"u b' rrnk Batchelor,
til Stock Exchange Bldg. 'Phone Locust 9l.
Ch m" 200 Filth Am
b"'"? 14 OUa Bid.
&,; M Oongreaa St.
744 DiTid-Whitner Bldr.
tH Boatrnens Bank Bldf.
UXCIIWATI
"... -vw"
n""K
Atium.,
60S Elllcott So. Bldr.
1016 Ilealcy- Bldf.
ifflMMglBMIM
Brown Brothers & Co.
Fourth sv Chestnut Stoeets
PHILADELPHIA
Deposits received and interest allow
Iftriodlcally or upo request! statements of account
t
. -"T"' , ,
r -J 4
I