-"TTr"T"j EVENING LEDGER-PHILADELPHIA, THUESDAY, MAY 24, 1917 REILLY,. BROCK ft CO. BANKERS INVESTMENT SECURITIES MUNICIPAL HAILROAD AND PUBLIC SERVICE .CORPORATION BONDS 106 CHESTNUT STREET riltLADCLrillA I LQAty op Vm 1 ; -b m 1 livery Amerlcnn Is ex pcct6d to subscrllio to a portion, no matter how small, ot the $5,000,000,000 war liond lssuu. Orders will bo executed by in In accordance with th tenni prescribed by the Uo em inent) without commission charges of any kind Do not delay Investing your saving In such a se curity You will thereby add a link to your chain of Independence Your sav ings will llnd Increajvd earning power through In vestment lu securities of merit, the choice of which Is facilitated by suggestions contained In "Investment Opportunities" q Thlt Ttlmblo publtMtlon Bhould be rtittj rwflM hj etfry one wlio Is lntrrmtM In In rreetlnj; the timing po"er nf Lin nrplu fundi. It Tvlll he lent free, beginning iith the current tone, upon requet for nt.t. Including booklet eiplAtclnt "The Twenty Payment Plan" w kwttmautciintay il-.Uhllitml IDOt) 10 Cvninee -PliM Sew York No Safer Investment than the Liberty Loan of 1917 Subscribers to this loan will have the satisfaction of showing their patriotism in a practical way and owning a Sbond which is probably the afest investment in the world. I 'lie income is liberal consider ing that it is tax exempt, with the exception of the 'Inheritance fax. William P. Bonbriglit & Co., Inc. uuunia wioiAil oiuuuu, jr.. Manager 437 Chestnut Street, Philadelphia Newlnrk lloston Detroit London larlt WlllUm P. Donbrlht Co. Bonbrlxbt Co. e.0L1arR$ev. BANKERS UtfUblUb! 1MIJ 321 Chestnut Street Philadelphia is FINANCIAL NEWS UNITED STATES STEEL COMMON SELLS AT HIGHEST PRICE IN ITS HISTORY Quotation Is Advanced to 1311-! and Stock Is Most Active on List Remainder of Market Follows Break Takes Place in New Haven High Points in Today's Financial News United States Steel common again led in Wall street trading, making another new high record at 131 .1-8. Other stocks followed on advances and declines. Curb stocks higher and active. Wheat lower. Cotton irregular. More gold arranged or transfer to Japan, liar silver unchanged. Ni:V YOItK, May 24. Tho otio special featute In today's stock market was the enormous demntid for United States Steel common The wilumo of buying orders was not fully Indicated by tho amount of ncttinl business transacted, as many of Hie orders could not bo filled because of the inimnir lu which the market moved up, passjng the price limits fixed by thoso Klng the orders. Western houses, banking Interests of tho highest ilass and various specu lative Interests all made u lomblned demand that easily swept thtough the mass of soiling ordeis nt 130 and 130'i and forced the price up to tho now high record of 130T1, 11 gain of more than 3 points fot the day. AVhon the stock reached 130 thete wero fully fifty brokers with stop orders on both the buying and selling side, nnil nil Immense amount of stock was stopped at tho two prices named, which was not printed on the tape. In tho last few minutes 11 further demand appeared for tho stock, and another high record was established when It touched 131 ''j, an odvniico of mote than 3& points fot the daj. All of tho Industilals were generally domi nated by Steel In their market movements, advancing when the leader moved up nnd declining when It moved down Tho strength of these Issues made a lvld contrast with the weakness shown In New Haven nil through the d.tv This weakness, on which the stock was cnrrled down to n new low point of 32i. off Ti'4 ns compared with the close of last night, was explained bv the uncertainty which litis been voiced In the Street for some time on the compnn.v's flnancUl position, nnd this aftei noon when the tickers carried the announcement Hint the I'allroad Committee of the Massachusetts Legislature had teported favorable on Hie pioposal to Issue Jin.OOOOOO of preferred stock there was ii-ncwed selling Holders of the stock and others who 111 1 Inteiested In the property began to llgure where the common stockholdurs would gel on" Tho stock has been subjected to pressure ever since Howard A Hlllott abandoned the task which he had assumed of rehabilitating the proport Itoom tinders had most to do with the weakness, as they have had on nil provlous breaks AVhlle the stock was weak the short-term notes were flrmlv held and were quoted at 96 bid. The bond markt wa Irregular, although the majority of Issues showod a firmer tone. Lackawnnna Steel Bs ranged at 101 V4 to 101 H, and there were some' largo transactions In Rock Island Bs at 684 to 69 Olhn Finney S: Company AUTOMOBILE BANKERS Offer ipeclal facilities for In dividual or automobile deal ers to finance the acquire ment of pleasure cars, for business houses to finance the acquirement ot commercial cars or trucks. If you are thinking of purchasing: a car er any kind for any Durpose the FINNEY SYSTEM Will make a better business trans action for you. REAL E8TATE TRUST DUILOINQ PHILADELPHIA VIOLENT ADVANCES ARE RECORDED IN ACTIVE TRADING ON NEW YORK CURB NKW YORK. Mny 24. Trading on the llroad Btreet Curb was nctivo todav, with lolcnt advances in a number of Ihsues nnd with a broader Interest in evidenco In nil tho trading groups. The heaviest dealing was In Air Reduction, which advanced from 77 to S3. Triangle Film continued to reflect persistent accumulation, being t tailed In on a large scale at l- to 2V the highest price touched sib far on this movement. . There was good tiading, too. In Wright-Martin Aircraft at 6b to 7,i. The subscription rights opened nt 1 and advanced to l. Submarine innged from 32 to 327, nnd Lake Torpedo sold nt S't to 9. Standard OH stocks generally were lower, with New Jersey selling nt C30 to f.3.r. Ohio Oil, ex dividend, sold nt 3fi2. Independent oil stocks showed nn !.. ., ni.n with Verrltt leactinc to 2fi'A United Western Oil was In good demand also, with buying coming chiefly from representatives of a Stock Exchange house that was prominent In the recent upward movement In Magma Copper. This buying was understood to be based on the showing of earnings on tho California properties of the company. , Mining stocks were Irregular, with Rig Ledge the most prominent feature, advancing from 3V4 to 36. Magma sold at 17U and 47. Magnate continued In good demand, with sales at 88 and 89 cents. National Conduit sold nt 3im nnd 35, and United States Steamship nt 5H nnd 4,. V rln.t Akri1. ,Sal) S3 11 37 3 Wl 3!s 30 SO tt OH OT 00 it S IIn Mi 1(1 sni a MKRTI.VfiH jkT&. M1RTIHVKXTKKN NATIONAL HANK SVS) lblUalpbl. Pa . Mar 22, 1I7. At a tnxtlni of th Hoard of Director! hel4 this day Mr, John 11, Ooehriac was elected a momter ot lh liord LINKORD C N1EL. Caahler. ' Granulated Sugar1 Unchanged KEW YORK, May H. Fine granulated XmeTai" remains unchanged, with the Amerl MM Soar Rcftnlnr Company quoting 7.50c. '&"f JiowU Bon will accept some bust it te. Arbuckle Brothers are taking far prompt shipment at I SOc. The I INtaar Refining Company continue INDl'STnlAI.S till) Air Reduction - Am Stores V4 Aetna Kxplosivcs S Am Marconi -'- American Writing Paper S Canadian Car Co 55 fan Car & Fly pref OS Charcoal Iron H Chevrolet Motors 0B Cramp os fnrtiu Anrnnlane 20 (irnfll Tool 11U Hi "'i Carbon Steel 00 Cmerson Thonograph .. s Everett-lleaney 2 Mi Federal Do 40 Haskell & Barker Car .. 30 30'4 .. llcndee Mfg 2" 3 Kathodlon Bronze pref.. Hi 514 I.ako Torpedo Boat Ifji OVi 4 I-ehlgh Coal Sales S3 H I.lma Loco S3 s" Maxim Munitions I1! Mi Marlln Arms " Nat Conduit 3S 35Vi 3U N Y Shipbuilding 30 43 4V4 Nor Amer Pap Pulp 41ft 414 .. Otis Elevator aQ Peerless Motor IS 1 Poolo Eng "' N" Plerco Arrow l 44 41 Redden Truck 1 10 Santa Cecilia . 2" Santa Cecilia pref .... 55 in Scrlpps-Booth 2 40 S S Kresge w I 10 II Standard Motors 14 14 13V Steel Alloys H4 ' Submarine 33 83Ii 324 St Josoph Lead I ltt 1'A Todd Shipbuilding 83 SO 84 Triangle Film 2',fi 2V 3 United Profit Sharing . . V "A U S Steamship 4 '( V United Motors SO'ft 3U 30H Untted Sugar SOU 80Vi .. World's Film "i Vt Wright-Martin Air .... M V4 A Zinc Concent 294 3 2Td STAND Alllt OIL STOCKS Illinois 217 222 220 Ohio . 388 305 Prairie Pipe .. .208 30S Stand Oil of California Sill 275 Staul Oil of-Ncw Jersey 6i3 630 825 Stand Oil of New York 305 200 indi:im:m)i:nt oil stocks Harnett Oil & Uas ZVt 214 2 Cosden Oil 12W 1214 12U Cosden & Co 12tt 1214 12V Klk Basin " HV4 HM Federal Oil eA 8 8 Inter Petrol 18 1374 13 Houston Oil 21 22 22 Merrltt OH 284 28i4 28V4 Midwest Ref 137 130 138 Met Petrol if, 14 ltt Ohio Fuel 10 20 .. Oklahoma Ref 10 10 10 Osage Hominy Mi 0 8 Rice Sapulpa Ref 0 0i 9 i.Mir.rnvDKNT on. Sequoyah . . Sinclair . . . Un & West OH Victoria STOCKS Continued Yea rlnhp Itlrl Asked. (Snl) l"(. 33tf II MINING STOCKS Alaska Standaid 33 Atlanta 10 Hig Ledge 3 Illfcbee Cop (a pros) Ilutte Cop & Z.lne ion llutte New York 1'i ( 'asliboy 7 Con Ariz 'HI, Cal & Jer 17 Emma Consol 1 First National 3 (loldfteld Merger R (ioldfleld Cons 48 (loldfleld Florence 15 (ioldlleld Kowan.as 12 llecla Mining 8 Hovve Sound A Independence Lead 10 Jerome Verdo 1 Jim Duller 83 Jumbo Extension 37 Magnate Copper 88 McKlnley-Darragh SO Magma Copper 40 Mother Lodo 20 Nevada Hills 33 . ov ada Wonder 1 Nlplsslng 7V Kay Hercules :n San Toy 11 Stewart 0-3 J Tonopah Extension 2 United Verdo 30 West End Con 70 White Oaks 3 White Caps 1 Ycrlngton 31 IION'DS Amet Smelters 6s 00 Atlanta Charlotte 6s 05 Bethlehem Bs 08 Cosden Oil 6s 101 Cosden & Co 6s ........ 07 Cudahy 6s 07 Erie 6s 07 New Haven Ss 07 Russian Govt 6 Us 70 Russian Oovt 6$s 84 Southern Rwy 6s 07 Todd Shipbuilding 6s .. 101 N Y State 4s 105 0T 38 It 3Ti 11 14 8 3' US 1 3 A 50 33 15 8y, 0V4 11 m on so 011 .13 48 Sll 30 1 7 !i 4 13 5. in sVt 37 71 'ift 33 01 07 08 103 inn inn 07 07 70 80 07 103 100 li 33'i, 0', 35 111 3 11114 iy 7 2V4 'A 2 5 40 13 HI 84 38 88 48 28 0-3.! n 37 "4 NEW YORK STOCK SALES Alaska (lid M . . . 8 Alaska Juneau ... 5 Allls-Clialmcrs Co 37 do pref 81 Am Agr Cliem pf.loi Am Beet Sugar. . 03 Am Can 40 Am Car & Fdy Co 73 Am Hide & Leatli. 14 tilth Lon- I A 28 84 101 01. 47 7014 13 01 2flTi 21 87 7n in 85 till','. 115 08 SI'd on US' 110 tin no pr 03 Am Ice Sec Sfli Am Linseed .... 21 do pr ns Am Locomotive . . 7I" Am Malt m do pr 57 Am Smelting . . . inlli do pr 113 do pr A 08 Am Sum Toll Co . 33 do pref . . nn Am Steel Filry . no' Am Sugar . . Am Tel & Tel Am Tobacco 1I0 prer new . 1 11 1 14 Am Wool . 8I' do pref . !i;i, Am Zinc & Lead 3' Anaconda . . sT4 Atrblsoii .. . tiil inl' 1 All. 111 lllrm & All in to Allan flulf & W I HI314 B.itduln l,iro Co 01 Halt & Ohio .. 71 Ilatopllas Mining I Bethlehem Steel Ml do 11 . . . 134 Brklvn Rap Trim 50 Burns Bros. nn Butte ft Sup Cop 411 Cal Petroleum . 21 Cal Petroleum pr nlti Net Cloie. chce 84 A 5 27 1 81 101 . ... VI 40 2 72f, 194 14 1 03 2 38114 1 2 194 88 11 in 87 103 113 98 31 on o 1111 1 1 1 . !!',, 131 131 1001, 10'. lonw 1 103 51'). !I7"!i 3! S3 ,4 iinafc 31 0 33 834 lnl in 10.1 1111 80 01 7n 70T, I.IK 131 58 on 3 21 51 1011 mo, snv 58 s, 11 32 7.1 III II'! 3! in 1 3 1 511 on 40 41 25 112',. Canadian Pacific in jt Cent Leather . . n.i Ci-rrn lie I'nsto 57 Cliesa A. Ohio 511 Chi nt Western. 11 do pref . 32 Chi M & St P 7U do prof 1 11 Chi ft Northwest 1 13 a 1 'hill Copper 2214 Clilno Con Copper 5K Cnl Kliel ,Vt lion 34 Col lias & Klec 41 Col & South 25 Con Gas E L & P.1I3 Consol Gas . . lOl lO'li Cont Can 05 01 Corn Products . 274 2mi do pref 103 101 Crucible Ste'el . 75 70 Cuba Am Sugar .183 180 Cuba Cane Sug . 43 42 do pref .... 03 01 Del & Hud 113 114 I L & W 313 310 Pen una.. n n do pref 18", 13 Homo Mines .. 12 13 Distillers Sec . 1714 10 Dilggs-Seabmy i: 73 DSSi At pfd 8 8 i:rlo .. 35 31 do 1st pfd .. 37 37 do 2d pfd . 30 381, Fed M & S . It II Elk Horn Fuel 33 sni', liaston Williams 33 31 lien Elec Co. . . inn 150 lien Motors 101 103 llondrlch II F 83 81 Ot Nor pref It Nor Ore subs Crceno Can Cop 111 Central . . hit Agieul do pref . Inspiration Cop Interbor-Cons Corp 10 do pref . 88 Int liar of . J pf.115 I I M -t H 3 I 3 I 3 Vt -1 I 4- - I 31 103 V Oil, 37 511 11 3! 71 III li.' 23 '4 57 It 33V, II 23 113 107 05 27 103 74 18n',: 43 01 '.4 114 1 213 3 0 2 14 194 I 2 IH 1 '.4 - 9i t 1 - -t-1 1 36 Hi Third Ave R R . Tobacco Products 51 Transue & Wins.. 4394 Un B & Paper new 81 Union Pacific . 137 do pref 80 Un Alloy Steel 15 Un Cigar Stores.. 0094 United Fruit Un Ry Invest. . do pref U S Ind Alcohol U S Ind Alcohol pf 13 57 80 iSIfc U S Realty & Imp U S Rubber .. . U S Smelt & Ref. do pref U S Steel do pref Utah Copper .... Va Car Chem .... 11 Vn Iron C & C. . . 07 Wabash US do pief A . 11 do pref II ... 25 West Mni land 1094 Went Union Tel.. 03 Westlnghoiise .Mfg 339, do 1st pfd . 08 West Pac It R...I7 do pref ... . 40 Worlhlngton P &.M 31 lllsh Low 20 10 33 II 80 130 80 43 00 13794 7 10 1.'094 0094 13 37 581', 5 1 04 .138 . 7 . 10 1339, 0091 Net rlno the 10 81 M 4394 1 81 1 137 1 8I 1 43 9, 00 14 138 7 10 ism j Hi oos-, i-1 12 1 57 30 3194 13 IN 110 do pref It Wheel & L E White Motors Wllljs Overland Wis Central Wilson Co . 131 128 110 118 11594 111 115 44 07 13 47, 2114 III 0.1 3314 08 17 4394 31 An 14 119', 38 51 71 on Hi II 9i 2894 519, 71 43, 07 12 17 2414 10 UH't 8 J 1,8 17 4394 .11 30 11 1194 274 30 71 - 394 I- -4- '4 3 2 ' 1"4 Totnl Mile, 1.IIV ion klmrea. rnnipnrnl ulth l,3nIKMl .linre rsterilit thus far thin neek 1.280, IIM) vtuireil Mime lierlml liidt week 3 0!! ihsi oliures m:v yohk coi'TKK .market , NEW VORK. May 24 The matket for coffee ftitmes today opened unchanged to a decline of I point Trading on the call was ipilct sales amounting to 3imo bags Mnv .1 jnr .llllv -V"irjt H I lemli' r .IIMi bur .iiemfoer Jlor,mU r .Tnnuar IVhruary . March Anrll 33 01 08 78 88 07 in?1! . 33 . 13 101 31 53 03 Int Mer Mar do pfd Inter Paper . . do pref ct . . Int Nickel . . . Kan City So Kennccott Cop Licka Steel 38 81 881 0094 43 24 17 074 I! 17 72 8 25 37 38 9, It 33 33 inn IIIIV4 83 in794 33--V4 43 ini 31 83 n: m 38 lis 2894 81 3894 0094 41 Lee Rubber & Tire 18 Louis & Nash. Mnx Motor . . do 1st pr do 2d pr Mex Potrol Miami Con Cop . Minn & St L new. M. S P & S St M. Midvale Steel ... Mo, Kan & Tex . . Mo Pac w I . . . do full paid . . . Mont Power . National Bls-cult Nat Enam & Stp . do pfd . National Lead V R It of M 2d pfd Nev Con Copper. N Y Air Brake .150 New York Cent .. 01 NYNII&H... 37 N Y Ont & West.. 21 Norf & West 123 North Pacific . . Nova Scotia Steel 107 31 41 1111 31 31 01 111 37 115 3894 an .18 ooy, 11 319, I04 05 18 127 489', on 31 3T, 40 18 inn 2 8 27 38 00 111 3094 07 80 0 33 lit! 00 3394 31 12214 133 103 1039i 108 03 03 02 3 n, 14 '4 1 9s 1 2 '. opening s 'is in R SSfth i.'rt f snBsai TmlfU'N 1 lone 8 17W8 Is S S3 fin J-! S 33 ft 1 3 1 8 4JtfS IS 4I1JR 40 H Y15I1 rda n rime h IS'UI. 11 S INIFX pi s '.'.I Ilk J I S JSffl S "l s .nifs ,ii s Mil S 17 " i 1 'rl S I 127 40 on 31 05 41 18 108 01 0 23 58 00 111 88 07 50 0 35 17 0794 18 1!7 489i 00 31 0194 m 18 ins os 0 38 88 00 111 37 0794 30 0 35 140 01 34 21 19, 1 ', 3 1 94 194 -) 1 . so on so .13894 137 137 4- S94 1 94 1 1 "4 1 1 18 113 53 7294 94 0 33 72 2794 01 40 113 94 94 1 1 2 00 3 LOCAL MINING STOCKS TONOPAH STOCKS Did. MacNamara II Midway 14 Mlipnh Kitemlon 08 Montana 10 North Btar 12 Iteacue Eula 23 OOLDF1ELD STOCKS niua Bull Jl Booth .....I 07 Combination Kractlon 04 Dlamondntld B U OS Daliy 0- Oro ni Sandstorm Kendal ns Silver rick 10 MISCELLANEOUS rliona United ., 83 Naradalllll .33 Ttcopa attains- ........ 21 RAILROAD EARNINGS Alked .12 .11 .10 .31 .18 .37 .03 .(IS .00 ,04 .114 .03 .01 .13 WABASlt 1017 18,870 8X3 1 Ulll.bSN ! 12.885 032 . . 8,134,813 Increase. 1301.44 124 31 fl-'3.l94 230. 088 Ohio Fuel Ohio das Pacific Mall 25 21 Pan Am Pet pr.. 03 03 Penn R R 3T4 5394 Peo Oas & C. .. 73 73 Peie Maro. w I .. 10 10 Phlla Co 3394 33 P C C & St L. . 73 73 Pitts & West' . . 3794 37 do pr 01 03 Pitts Cohl ctfs .. 40 47 do pr ctfs 115 114 Pitts Steel pr ... 00 00 Pressed Steel Car 70 73 Ry Steel Spring . . 83 3394 ,Ray Con Copper . 30 3094 Reading 0394 0194 Rep Iron & Steel. 01 88 Royal Dutch ... 04 03 Saxon Motors . . 38 38 St L S F 17 17 Sinclair OH . . . 54 81 Seaboard A L pief 37 27 Shattuck Ariz . . 27 27 Sloss-Sheff S & I 87 85 Southern Pacific 04 039', Southern It R.. . 20 ZSVa do pref S19ft 54 Superior Steel ... 17 40 47 do pref .. .100 inu 100 Studebaker 8194 80 81 154 Texas & Pacific. . . 1594 IS 189i Texas Company ..21494 213 213 70 83 30 0894 01 04 38 17 51 27 27 87 04 20 1 94 -I 3 39; 194 94 5494 The Key J to Sound Investing JLmm Success In Investing Ninety per cent of all investors in securities sooner or later lose a large portion of their capital. The reason for this is stated in a phrase: "Igno rance and Credulity." Investors aro ignorant because they almost invariably fail to inform themselves regard ing elementary principles of Judging or selecting securities. Investors are credulous because the igno rant are always credulous. Nine out of ten investors will jump at a fairy tale, but remain unimpressed with facts. Send for Booklet No. 155 i Moody's Investors Service John Moody, President 35Nassau Street, New'Vork V R 0208 61 45WS il x r,i WK ,,i X 57 51 H All X 0308 or, 8 6!) 8 II You Buy a Security and ask your broker to deliver it to you as quickly as possible. Do you know how your broker obtains the stock certificate, how it is transferred to your name and the course it has to travel before it comes into your hands? "The Journey of a Certificate" Is n booklet you should hae and read ll explains. In a brief. Interesting a, the brokernKc procedure of handling securities you buy Send for Booklet 855-T.U. JONES & BAKER stock unoiu-.its Widener Bldg., Philadelphia Pell Walnut lOftO-l. Keystone, lUco 3200. New York lloston Chles; I'ltlsburirli Dlrfct .Tricots Wires. JO.VEfl A. BAKER, Wtdtntr Itldo., rMladttthla, m, Tou my send ms jour booklet 835-T.U ynme . . Address Citv State. MONEY-LENDING RATES JiKW YOHK Money on call opened 214 ptr cent; hlRh, 3'4i low. 2; Inst. 3U . closed 3'i?f3'j; ruflnB fato, 3 per cent. The market for timo money Is uncnanRcu today on Rood mixed Stock nxchanBe col lateral. Tho quotations for sixty days were 4M'4 per cent i for ninety days and four months 4UW4 per cent, nnd for flc nnd six months 4'4Sfl94 per cent rrlme bnnK acceptances are unchanRed at t'i!tt'i per cent for ellclblcs and 3 7-1C0 3 1-tfi per cent for Inellfilblcs. rilllMi:i.riIIA Call, J per cent. Time 4 5TS per cent. Commercial paper, three' to six months, 4i4l4 per cent. BANK CLEARINGS Itsnk tkorlngs tmlnj comiiarnl with rorre- ' .. .,... In.l lun linn sronomK ..,. j ,, ,nn PhllsiMphla. lloston New York inlllmnrn CI I.oul" I'Mcnso . iiii7 inin inn i tvi.ini son iti.aiiii ;nj tsn.L'nn t.ts 31 Wl 3111 aj.llSS.IUl BJ 721 3 in "'S37 4I"l 0-1' 61111.332 J'tl 27-'.tS3 2J7 ' . 7,lltH 7J II a'lll,7'll 4 7l-',7H-i Itl.lJI HIS 7S :nr mi 13.331.2"l i;.i iiiii.ijs 10 413.14 r,0 631 01)9 BAR SILVER Tol Nerr York (rents) 74S Lon.lon (penre) . 3.7 Te -I", 3i'i l.t T)mr 7I'4 3S 1017 HlRh l.nv 711 71', 31'. 3'i FOREIGN EXCHANGE NUW YOHK. Mny 24. In tho early deal Ings the foreign exchange market was dull, but In tho main steady, with Swiss ex change n strong feature. Swiss cables ro;o to D.07'4 and checks to 6.09. Quotations were! Demand sterling 4 76 9-16, cables 4 76 7-10; sixty-day bills nominally 4 72ij, ninety-day bills 4.70 M. 1'rnnc cables D.72', i. checks 5.73 H. I.lro cables 7.01. checks 7.02. Swiss cables 6.07',a. checks 6 09 Oulldcr cables 4IC-16, checks 4m, Ituble cables 27.68, checks 27 60 Pesetas cables 22.16, checks 21 93. Stockholm cables 30.20, checks 30 rhrlstlnnla cables 29.60, checks 29 30. Copenhagen cables 28 76. checks 28 65 Hank of France Statement TAmi. May 21 The, followlnc r lh- r,rin. elral Hems In this week's statement of the, riant nf Krnmo (In francs): " "anlc Mnv 21 Mv i? "old B ". loo.ooo Binnnnnnn HlUer . ... 237.4nn.nno 217 2nn nnn nrruiAtion 1ft an4.r,nn.nnn in ail nnn too Deposits . 2 12S sno nnn . r.n ,-,nn nnn Loans nnd illsrnunts 2 S22 anil nnn 2 817 .inn nnn I reasury deposits ft 1 200 0011 Hi Ron nnii Monthly Dividend declared by the directors of THE CUMBERLAND PRODUCING AND REFINING COMPANY to stockholders of record June I st payable June 1 5th. This dividend is paid as the result of the sale of the production from 19 PRODUCING WELLS on the Company's proven acreage in the famous Irvine Field, where there are locations for 40 MORE WELLS. When fully developed, this property should produce sufficient oil to pay 50 annually on the entire capitalization of the Company. Further, 2,874 acres is owned in the highly productive Station Camp Field and 9 1 5 acres in Jackson County, all in Kentucky. Such strong features have attracted the atten tion of the investing world, fully appreciative of the tremendous possibilities this issue offers. As a re sult the 250,000 shares have been rapidly sub scribed for and with the announcement of the initial dividend will doubtlessly be oversubscribed. We now offer the unsold balance at 90c per share Par $1 Subject to withdrawal or advance in price We recommend this stock to the most conservative investor as of faring a splendid opportunity for large dividend returns. We advise immediate reservation by wire. . Trading in this stock on the N. Y. Curb will commence without further notice. WINSLOW TAYLOR & CO. Widener Bldg., Philadelphia r,IOXKS UVnlnut 0387 DANFORTH & CO. 1 Wall St., New York BERTRAM S.STR0CKB1NE 30 Broad St., New York WILLIAM H. T0TTEN 1025 Park Bldg Pittiburgh SULLIVAN & REINECKE 25 Beaver St., New York WORAM & CO. 42 Broadway, Now York R. M. PALMER & CO. Real Estate Tr. Bldg., Phila. Stephen Girard was the leading factor in financing the War of ,1812 and today The ri jirard National Bank is ready to help you to do your duty in subscribing to The Liberty Loan of 1917 and will assist both you and the Govern ment by accepting subscriptions in full and issue a full paid receipt for your money, allowing interest at three and one-half per cent from date of subscrip tion. This will relieve you from all con fusion and future annoyance. Pay your money now and we will do the rest, and when the engraved certificates are ready for distribution by the Government we will deliver them in the denomination desired. THE GIRARD NATIONAL BANK 116 South Third Street II Uarrh ro Net Knur mTot1"! Net .. . tcreae. The last vale In spot i
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